davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17
Reserve Banks TO Fix
Policy ON Cotton Loans
President Harding Calls Confer
cnce for Tuesday of Heads
of Five Districts

WASHINGTON, July ls.--Goyernor
Harding. Of the Federal Reserve Board.
announced today that he had called q
conference here next Tuesday of gov
ernofs of the five reserve banks in cot
ton producing sections to frame uni
form policy on cotton loans during the
corning marketing season.
Governors of the reserve banks of
Richmond, Dallas. Atlanta, ST. Louis
ana an Kansas City have been invited.
Inc only other cotton section in the
country, Governor Harding said, was
San Francisco, but the timc was too
short to permit q representative from
the bank there to attend and it would
work out its own policy.
The policy on cotton loans will be
in line with the boards policy for
orderly marketing Of the crop Gov
ernor Harding said, and statement
backed by an announcement by the
board will be issued to set forth the
uniform plan of the five districts for
the season.
The governor did not discuss details
of the proposed uniform cotton loan
policy, but indicated that with the
changes which have occurred in the
cotton situation during recent months
careful consideration would be given
to the terms of cotton paper and the
adequacy OF security offered for ad-
vanceS.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17

~ ~ OF me main arguments used against
IN me pact was its nntenabiIity and III .
llAehhood Of the United States ahro-
gazing any such arrangement when no.
Ilecal Or economic reasons suggested
sufn course, Opponents of the pact
i!nd IN the present proposals at wash.
'ngton a justification OF the stand thar
1aken. Meanwhile, by the simpler proc-
ess OF order incouncil there has been
Tree wheat. free cattle and free nro-
duce in other lines, only to have no
bars put up when trade had reached q
m r ost prosperous degree and whom
canadian distribution facilities for ex-
PoIt TO other countries have been neg
lected The instability of any such ar
rangement is regarded here az MAKING
new attempt undesirable. while. #
one on were made, the organized opposi.
ton inevitably encountered would ike
~ cause 1t to be abortive.
The Dominion government in tho IL,
Vedlate future viii have to cons;der
what 1t will DO and when. There is some
opinion in favor of a full tariff rev;s;nr
next session and another idea that =
would be we'll to effect the rev;s;on
only after a general election on no
whole tariff question.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17
Mexican Students
Sent to Colleges
I'm United States
Obregon Asks IL Professors
lie Sent From America at
HlsGovernanent'sExpcnse
TO Make Study of Country

Los ANGELES, Cal, july 10 -
hSchange Of students between uni
vefsitles in Mexico and tho Unite,,
states, plan fostered by business
and educational workers in both conn
tries, is being ENCOURAGED and recon,
mcnded by President Obregon as. 2
means of bringing about a better nm
derstandlng between the two nations
according to advices received here.
IN a communication from the Mex
ican president To Mel son q s.noanns
or Los Angeles, member of the com :
mittee having the plan in charge. it
IS sald 100 offers from American UNI
ve1s't'es to Msxican scholars ha1e
oeeh received, that many of the OBJ
rortunltles already have been accented
ana That the young Mexicans have
been sent to this country to study
Recognizing the value Of complete
reciprocity, however. and the IN
tage Of familiarizing the United
states representatives with Mexico,
the MeXican President has asked tbs,
twelve professors from American uni
Versities visit Mexico to study arena
oloey, Spanish, geology Mexican his
tory and other subjects
The visitors are to have their fare
paid by the Mexican government and
to receive the sum of 1000 pesos an
nually.
The Mexican government" the let
Ter adds, will authorize these priv
lieges IN exchange for the scholarships
which the United States will give to
our students. We will work in com
plete harmony with the committee that
has been formed i'll furtherance of the
exchange plan"
The movement was set on foot by the
American Chamber of Commerce in
Mexico, and has been placed before the
national foreign trade convention and
other commercial organizations in the
United States, besides the universities.
The executive secretary of the move
ment in Mexico is O. r. ". Cook. for
merry of Los Angeles, graduate of
the University of Southern California.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17
Britain Plans to
Gradually Absorb
Ex-Cerman Colony
Investigating Board Favors
Steps Toward Admission
10 South African Union as
Fifth Provincial Member

LONDON, June 10 BY Mail1.-The
commission appointed to study the fu-
ture government of the inundated for
mer German southwest Africa recon-
m.ends a gradual absorption into the
South African Union, according to The
London Times correspondent at Cane
Town
This proposal is that at first an ad
ministrator. assisted by a nominated
advisory council, should be appointed
and eventually this form OF govern
nent should he succeeded without any
intermediate stage by the form OF gov
eminent now prevailing in the four
provinces of the union-tbat is. the
population should have full representa-
ton IN the provincial council and In
Parliament When that stage is
reached the inundated area will be adj
minlstered SIS a fifth province of the
union, with similar system of gov
eminent, subject to the conditions Of
the mandate.
The commission considers that an
INTERN ediate stage would tend to foster
the aspiration entertained by a con-
siderable section within the territory
to develop into state entirely indie
peHueht VI the union. inns aspiration
appears to be based on a misconcep-
ton OF the Germans as to their posi-
ton. They contend that the manda
tary is placed in the position of guard
ian only until such time as they are
able to stand alone. This contention
the commission examines and rejects
as clearly erroneous. The commission
considers that the final form of govern
ment outlined above should not be in
stltuted until the population includes
at least 10000 white male British sub
Jects, but as soon as possible there
after
After pointing out the impossibiiitv
OF permitting persons who owe no al
legiance TO the union to participate in
shaping political affairs of the terri
tory to be administered assan integral
part OF the union, the commission
recommends special legislation which
"iil place the least practical difficulty
m the way Of late enemy subjects who
have made the country their home and
wish to participate in its political gov
eminent. It advises the enactment of
statute whereby every adult German
domlciied in southwest Africa shall
be declared a British subject unless he
Or she sign declaration of unwilling
ness to become one.
General BYRON dissents from his col
leagues on this point. holding that
British citizenship should be granted
only upon application by dosniciled
Germans.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17
Switzerland Puts
Divorce i'm Easy
Reach of Poorest
I,fcompatibility Is Given as
Cause i'm Half of Gases;
Geneva Averages lao i'll
a Year to 700 Marriages

LONDON. June II BY MalD Dr.
vorce is within the reach Of all IN
Switzerland, writes 6. j. Jennings IN
The London<Daily News. and the fac'u-
ties are used to considerable extent
About 700 civil marriages take place ~
Geneva each year. and there are sOo0'
40 divorces.
Divorce procedure is comparatiVeis
simple. 1t is necessary to go 10 4
LAWYER. who prepares the case ana
brings it in the first instance oeIoie
the Court of Cancellation. The parties
appear privately before this court, ana
the Judge endeavors to persuade tssin
TO renounce their intention ana il's
amicably together. If he does not sun
coed the lawyer proceeds TO collect efi-
dence and the matter comes again pc
fore the court after lapse OF tnfes
months. The witnesses are heara 40
private. but the lawyers pleadlngs tsSs
place before the public court known %
the Tribunal de Ire Instance Ai.'-
gether, divorce proceedings usually case
about a year -.
There are a large number OF poss,o.s
reasons for the granting of divorce pus
in probably 90 per cent of the cases mo
reason given is ncompatibllty OF ten'
permanent, or as it is put, in term o.
rather wider significance, "lncompS|
bilite DIES meurs." This plea rs, Of
course, very convenient one and saves
much washing of dirty linen, besiees
the fact that the cause which IN Eng-
land constitutes the most potent piess
for divorce is in certain cantons o.
Switzerland criminal offence.
The cost of divorce proceedings ~
Switzerland is never prohibitiye. "
yorce is available TO the poorest. Ac-
cording to the Swiss Constitution 20
citizen is allowed to suffer by reason
Of the fact,that he is too poor TO inyoke
the law, and If he proves inability 70
pay for legal representation his costs
are paid from fund raised under
tax known as the '.Drcit des Pauvres
Right of the Poor. The cost Of d.
vorce, however. depends ON circun-
stances, and witnesses are sometimes
paid considerable sums 10 give Ell.
denee. Nevertheless, persons Of smss.
means who agree TO seek divorce ara
nave no children to coniplicste me
situation, may hope 70 obtain their de-:
sire for matter Of, say, sl2.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17

The total of all grains exported last
year and now affected was s112.63I,110.
Apples to the value of s171 ,256 we're
reported last year when outiable at 10
cents bushcl. Now it is proposed
to make the duty 20 cents Other
fruits upon which minimum duty only
was imposed if they were not free
are dutiable up to as high as 70 cents
box. and in this way the cherries,
peaches, pears and plums of Niagara
and British Columbia are affected. The
total exports of these, exclusive of
apples, in the twelve months were
S556,934
The value of the. exports Of grain of
all kinds shipped last year to the
United States was s112,631,11o.
AS to the effect of the new duties on
lumber, departm officers are wary
Of giving an opinion. The tariff item
in this respect is long and involved
and contains numerous qualifications,
whose effect will be to make some
items dut.able and others free.
The extent of the trade potentially
affected by the Fordney bill is appar-
ent from tho fact that last year our
exports of wood products. such as logs,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17
Days Dealings i'm Bonds
The Market

After the upward surge during the
first week in July as the reinvestment
demand was felt, price advances were
less frequent during the last week.
Quotations We're steady. however as
activity slackened. ]. According to The
tribune averages, industrial bonds
Jared better than railroad and public
utility issues during the week. The
average of ten railroad bonds was
1913 yesterday, compared with 1920 n
week ago; ten indussrials, 81. IS, com
pared with s1.36'a week ago. md five
utility, bonds, 1910, compared with
1920 a week ago. 1.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17

timber, .planks, shingles. etc, to the
United States aggregated sS3,95733S.
While it, is true that the new tariff
at Washington contains a clause au-
thorizing negotiations with any country
for reciprocity, there is little tendency
to take advantage of It,
Even il such policy should be
favored, it is held by many authorita-
tive people, that so far as Canada is
concerned, negotiations would be abor-
tive, having regard to the fact that
the one great factor or influence in
bringing about the present tariff
against Canadian products, was the
American farmer. His demand for
protection against Canadian agricul-
tural competition caused the Republi
can party to incorporate in its platform
declaration which the Fordney bill
seeks to put into force. Any proposal to
revert to conditions as they existed be
tore the emergency tariff bill would
therefore, be directly in contravention
of this wel-defned policy, but if made
nevertheless would encounter the most
vigorous opposition
In the reciprocity campaign of 1911
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17
Italy Solves Problem of
National Cigar for 2 Cents

ROME, June % by Mai).-Some-
now the Italian government has solved
the problem of cheap national cigar.
Prices of tobacco have been soaring
to such luxurious heights that the or
binary cigar smoker could not pur-
chase. Accordingly, experts We're as
signed the task of getting up new
cigar. They have just announced their
accomplishment of the task. The new
cigar will soon be put on the market,
and will sell for two cents. 1t will
resemble the Pittsburgh stogie in
shape
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17

Southern Spot MISUNDERSTANDING steady.
10 points higher at u. lac; sales IA bales
sales, ,2o4 bales. Mobile rs points higher
at lie; no sales. Savannah firm, points
higher to 11.e5c; sales. Norfolk quiet
unchanged at 11.75c; sales 1913 bales.
Memphis steady. unchanged at lie; sales
$50 bales. Houston 3 points higher at
1215c; sales 2.372 bales. Little Rock
quiet, unchanged at 19.75c; sales. 27S
bales. Dallas steady, 10 points higher a
1es0c; sales, 1877 bales Fort Worth
steady, 20 points higher at 10000; sales,
100 bales.
Cottonseed Oil
There further buying of cottonseed
oil for outside long account on Saturda?
and by shorts. based on the firmness OF
lard and continued light offerings of crude,
which advanced prices sharply, with the
close firm at to is points net advance
on active positions. The sales were $500
barrels and tenders OF $500 barrels were
reported.
The range of prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17
Business Troubles
Petitions in bankruptcy

The following petitions in bankruptcy
were filed In the United States District
Court
WILCOX & wHITE-Involuntsry player
pianos and piano actions; 40 sth AZ.
r G sMITTi-1nvoiuntar pianos; 40
LEoSE p1ERo RIccT--Involunsary; an
tiques: Is West 47th 1T; liabilities $4,000.
nssets $4,000.
coNTTNENTAL SUPPLY co.---Inyolun-
iery; exporting merchandise, Ss5 Broad
JEWISH BOOK AGENcY--Involuntar /;
2ct East Broadway; liabilities $4,000.
WILLIAM MByKR-vo Voluntary. rner-
chant, $50 Broadway liabilities sss,s5s.
RECITATION ENTERPRTsEs-y olun-
tary tea room and other enterprises, 2os
East 5th St. liabilities t1.71s, assets 1925
MABEL e. EK--yoluntary' 81
WILLIAM II GALE-yoluntary; $50
Edgeconb av, liabilities 81 o55, assetsszo .
KAY RROS 4 BAvEK--invciuntary
household furnishings and hardware. 1888
GEoRGH F. ross MACHINERY co.
IA Lafayette st; nvolnntsry. Liaoti-
e soN 81 so@ s7sfts K s'seeo PAPER CO.,
paper dealer. 115 Spring ST. involuntary
FRAME I.EAfcRAFT & CO export
srs 81 Wall al voluntary Liabilities
$ss5.s54 assets. s750,42T.
Receivers in Bankruptcy
The following receivers in bankruptcy
were appointed Yesterday in the United
States Dist riot Court
David Haaf receiver for Dixie Dough
nut Shop. Inc 32t W. sgd 81, with bond
Of $500.
Thomas y. Matters e. receiver for
Connecticut River Paper Co.. paper. ll5
Spring 81.
Francis. Wood. receiver for the George
r. Foss Machinery 90
Schedules in Bankruptcy
The following schedules in bank-,lnt~v
We're filed Yesterday in the United States
District Court
FOX FUR c.--I-iabilitiss seo.472; no
assets
BANAHAN & ACKERMAN. tire. and
auto accessories, 14s w ssth st. Liabili-
ties. s4s,4s1; assets, s22,e7s.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17
French Steel Production

The total production of steel i'm
France during 1920 is given as SO5o. 1896
metric tons, 2,s51,e3s metric tons Of
which were ingots and $3.50 metric
tons of which were castings, according
to the Comite des FORCES de France,
Paris. The production for the last
year is 67.2 per cent of the pre-war
production and represents an increase
of 80 per cent over the 1919 production,
which amounted to 2,186,260 metric
tons. The increase bears mostly on
castings, the production of which shows
an increase of sc per cent over 1919
during which year $685. metric tons of
castings were produced Works which
were not affected by the invasion of
northern France turned out so per cent
of the 1913 production Those of re-
covered Lorraine produced only 40 per
cent of the pre-war amount.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17
British Bank in Colombia

The Commercial Bank OF Spanish
America, Ltd, London, has established
branch bank in Cartagena, Colombia,
to be managed by Colombian. The
bank will pay and 9 per cent interest
on deposits. 1t is advertising its af-
citations with Banco Anglo-Sud Ameri-
cano, Ltd, whose capital and reserves
exceed e13 900, and with the Banco
Britannica de la America del Sur,
which has branches in several European
and South American countries and in
the United States.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17

The Tribune prints each dag the ma
thrifty dates Of all actire bonds quoted
on the Ne,U York Stock Exchange. The
return on q bond to the invesfor depends
upon three factors: the rate of interest
the security beara. the market price
and the distance Of the n,atu,ity date
To figure the precise yield on a bond it
is necessary to use yield tables, but the
approximate pieM can roughly be fgurcd
ont by the jolloming formula: Divide
the closing quotation on bond into
the rate Of interest it pays, and the re
suit ,uiH be the annual return. II the
bond is selling below par pou mast
allo,o also for the apprecio ton of the
principal. TO do this subtract the mar
kct qnotdtio from par, or 100, and d.
vide the remainder By the number Of
gears the bond has to run before ma
turitg. For example, II n 8 per cent
bond is selling at 30 and has ten gears
to r7,n, the annual return acill be $50
per cent. The difference bctmeen par
and the market price mW be 10 points,
subtractlng 80 from 100. Diuiding ten
points by ten gears, the quotient 1UiU be
/. This figure is to be added to $685.
phich is the annual return, and the re-
suit, 7.6s per cent, loill give you the
approximate yield.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17
Canada Regards New
Tariff as Blow at Her
Experts See Sweeping Effects in Fordney Bill
New Duties Almost ALI of
Drastic Effect
Special Dlspatch to TIE Tribune

OTTAWA, Ontario July
Mat Washington legislators passing the Fordney bill paved
the legislation will badly by
most Canadian and public experts
here closely the United tariff legislation
find the effects 1t with
tariff fiscal of
attention being paid analysis the which
latter pra
tcay off
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17
Poland Coal Production

According to information furnished
by the Polish Legation in Washington
the total amount of coal produced in
Poland in 1920 was 6,658,347 tons, Of
which 5,l14,9G5 tons were from the
Dombrowa Basin and 1,543.412 tons
from Galicia. The mines of the Dom
browa furnished pit coal to the amount
of 4,873,437 tons and brown coal to the
amount of 2A1 .46S tons, while Galicia
furnished ,532,982 tons of pit coal and
10,460 tons Of brown coal.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17
Wheat Sells Off
| to 2l4 Gents;
Lowest at Close
Chicago Market Reacts in
Expectation of Better
Crop Reports; Late
Months Show Big Losses

CHICAGO, July 16.-The wheat mar
ket developed a moderate reactionary
tendency to-day and closing prices
were at about the low of the day, with
net declines of 1 to 2Ac. A good deal
of the selling was in expectation Of
liberal deliveries for July contracts in
Chicago next week, as receipts here
have been. quite large Of laate and, in
accordance with the new regulations
delivery can be mad from cars on the
track. The late months, however,
showed even greater losses than July
and reflected a2rather more optimistic
feelingSrelative to the new crop out
look
The weather was cooler in the spring
wheat region with some prospect of
showers over Sunday, and crop advices
from Canada, while showing the exist
ence of black rust. indicated but little
actual damage so far. Underlying sem
timent continued to lean to the bull
side for long pull, however, and
great many operators are basing their
opinions on the worlds supply and de-
mand situation and declare that the
outlook is for very close balance Of
supplies on account of the losses ex-
perienced from drouth.
Reports to-day said that in southern
Russia the crop is practically ruined,
while advices from Germany were
little more encouraging.
In the local cash market No. red
was quoted yesterday at s1.45k: No.
hard, s1.511a; No. ] Manitoba. s1.7o ";
No. mixed Durum, s1.46h c. j. I.
track N. Y, to arrive July shipment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17
Business Items

EndicottJohnson Corporation has hear
awarded contract by ths United States
pepa rsmsnt Of the Interior 30 supply all
shoes called for on the Indian contract
sehildreas shoes. and~Nag aggregates 10000
pairs
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17
FRIDAYS
Butter. Cheese, Eggs

Butter.-Receipts were 9.349 packages
Creamery, higher than extras, III. 4? 42tac;
extras. 90 score. al a &c; Arsts, So q 4ohc c.,
seconds. S4G371ac; unsaited, higher than
extras. 44@44ac; extras. 421a @4a1ec;
dairy tubs, hnest. 4o1a q 4lc; good to
ladies'. current make, frsts, 30 Y @S2lac;
seconds. CSC: packing stock, current make,
No. 1. 2Sc; No. 2, 27c.
Cheese. were 3.S7a boxes. New
York state flats. specials, 20dD2o1zc; aver
age run, 19A 6p19%c; state twins, specials
20A201sc; average run, 1914 619&c: Wis
consin, double Daisies, fancy. 20@20hc:
single Daisies fancy, 2o@2o1ac;' Young
americas, 21c.
Eggs-Receipts were 17,453 cases. Fresh
gathered, extras. dozen, 3s@aec; extra
firsts. a 37c; frsts, 81 IT sac; seconds and
poorer. 2e@ soc; trade eggs, IS a 2ac; reg
ular packed. No. I. 2s@ 27c: No. 2, 220
2sc;. checks fair to choice, dry, $50 Csc;
refrigerator eggs special marks, fancy
So y % 36c; firsts, $40 S5c;t seconds 400
SIC; state, Pennsylvania and nearby West
ern, hennery whites, extras. 81 a SIC;
ira hrsts. G5oc; firsts. 400 Acc; gathered
whites, 1rsts to extra frsts, 431 soc:
dergrades, 5 a 40c: Pacific Coast, white
extras, 81 a SEC extra firsts, AZ q soc; firsts
43@46c; ,other Western and Southern
gathered whites. 34044c: state Pennsyl-
vania and nearby Western. hennery
browns. extra. Ia 43c gathered brown
and mixed colors graded extras, $50 SOC
firsts to extra firsts. 32dD3Tc.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17
individual Bank Figures

dJnv
companies the
Reserve Bank: ~ 'S7'N'"'0N ""eH ate
Loans dissent
ments
Member in VAULT repositories
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17
livestock, Meats, Provisions

Yesterday. Year ago.
Live beef fair to
prime. 100 lbs. $3.50 9.25 $3.50 q 1900
y beef,
sides. lib. 49,. 100 .1s 1877 .2s
Live veais. COM
TO prime.
100 lbs. $500. S.50G1S.00 1900 10 90
Deceased veal.
city. III. ...... 1870 20 200 80
Live ewes. 100
lbs. ............. 5000 500 so ss5
ely, u $50 IL .14S 20
Live lambs. fair
to prime. 100
lbs. ;,.,... !. 1o5oa1a25 1s.oo@17.co
Dressed lambs
, city, y, ID - .1 ass, q .ssg .ss
Dress hogs.
bacon; 10. 80. ,1sA@l6N .2ssa2a%
Pork. Dbl 2f.5o @25.00 IS. 90 a sc 90
Mess beef, Dbl. I2.0o9l14oa lS00d11 10 90
Lard, NJ d | @
west 100 lbs 1275@12.s5 ls.so@1s.so
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17

ead hnSs such deposits
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17

$3.50 es7. 900 sa.5ss,s75.ooo sl6s. oso
not included in footiags cal ss5,675 900.
$1,000. te) s26,56s, 0Do.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-17

n Of the member banks, including che first report
company, shown by the Clearing House yesterday,
the preceding week, follows: