davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-10-26
STATISTICS
RECORD CUMMINGS IN 1921.
Largest Percentage Finished Up
to October is.

WASHINGTON, Oct. 25.-A larger per-
centage of the country's cotton crop had
been ginned to October IS this year
than in any previous year. the Census
Bureaus ginning report. issued to-day,
indicated 4
A total OF 5.47T,Ss7 bales had been
turned out by ginners, or Ss.7 per cent.
OF the entire estimated crop. The pre-
vious heaviest ginning to October Is was
in 1916. when CAS- per cent. had been
ginned.
The bureau issued also the Depart
ment OF Agriculture's latest forecast OF
the crop which was 6.537.000 bales
leaving 1.o59,6o3 bales remaining to be
ginned.
Ginnings by States follow: Alabama,
426.152: Arizona. 1861; Arkansas. 44s,.
4s4: California. 4.o12; Florida. S.127
Georgia, 6s7.12o; Louisiana. 195,115
Mississippi 512.007; Missouri, 40.3SS
North Carolina. 444.ss4: Oklahoma,
S47,146: South Carolina, 494.261; Ten
nessee, 15s,660; Texas, 1.740,766; Vir-
ginia, 1906; all others States. 3.079.
The New York herald., 1921-10-26
COTTON MARKET UP
ON GINNING REPORT
Prices Boosted $5 a Bale When
Lower Crop Figures Than
Expected Are Known.

Two bullish factors-much lower gin
ming figures than expected and renewed
strength in Liverpool sent shorts sour
rying to cover and boosted yesterdays
cotton market nearly cent a pound,
or IS a bale. from its preceding closing.
In the face Of moderate long realizing
ard Southern selling the market closed
near its top with net advance of 70
to SO points. Support from shorts was
not Its only prop. Right from the start
broadening in buying power was
noticeable, and the only factor opposed
IL the advance was the liquidation from
weary longs who had held their cotton
over cent decline and were only too
glad to liquidate it on a, rise of So a
bale
The announcement BY the United
states Census Bureau. that only 5,477.-
s97 bales had been ginned from the 1921
crop up to October 13 was the signal,
for heavy covering movement on the
hrst call. the market being bid up
point to 79 points with its opening sales.
Last year to that date 5.754,5S2 bales
rad been ginned. The report was bull
ish. II only because it substantiated
the recent estimate of the Department
u sIituttuFe. WHICH pliceQ the crop
condition on September % at 422 per
cent. of normal and the size of the crop
at 6.5S7,0a0 bales Secretary OF Agri-
culture Wallace, in a supplementary
statement. said that the 5.477.397 run
ming bales ginned. as shown by the
Census Bureaus report, represented s3.s
per cent. of the forecast made by the
department.
The strength in the Liverpool market
signifed to many in the trade that the
English market had recovered its equi-
libriun. which was disturbed on Monday
by the monarchist plot in Hungary,
the Irish deadlock and the decline in
the price of Egyptian cotton. Yester-
days Liverpool market was much bet
ter than expected.
An advance of y cent q pound, or IS
points. was recorded in the local spot
market, which rose to 1915 cents.
The New York herald., 1921-10-26
GENERAL REDISCOUNT
RATE POLICY IS URGED
Governor Harding Suggests
Plan to ReserUe Bank Men.

WASHINGTON, Oct. 25.-Formulatlon OF
general policy regarding rates of dis
count by reserve banks from which
there would be no divergence except in
unusual or emergency cases." seems de-
sirablc, Governor Harding or the Federal
Reserve Board, declared to-day in an
address at the joint conference of the
board with Federal reserve agents and
Governors of reserve banks.
Among the factors to be considered in
fixing discount rate, the Governor
enumerated rates charged by banks ia
their regular customers, rates for one
name paper bought through note brokers'
open market rates on bankers accept
ances. rates on United States Treasury
certificates. general business conditions
and the reserve percentage of a reserve
bank as we'll as that of the system.
The New York herald., 1921-10-26
BID AND ASKED QUOTATIONS

n. y. STOCK EXCHANGE QUOTATIONS.
To the following prioss accrued interest Is
to be added:
FOREIGN GOVERNMENT AND MUNICH
PAL BONDS.
The New York herald., 1921-10-26
The North American Company
go Cumulative Preferred Stock

so Cumu ative Preferred Stock
Par
tobothsss idendsR dnabeas awhoeo
1857 accrued dividends
Exempt from Tax
Company, organized 1890 of the Oldest
Public Utility holding corporations 1t controls the electric
power Milwaukee and ST. Louis and
the Detroit Edison Com
These subsidiaries approximately 5000
miles and population in excess OF 100000
outstanding Preferred Stock has behind
an which dividends at annual
After deducing preferred dividends
available dividends,
remaining the twelve months ended August
81 1921, than 34Io this stock
available dividends depreciation and surplus for the
11H average more than times preferred dividend
the II months ended June 3O 1921 these
earnings times Preferred Dividend requirements
outstanding renvested
in Of
@sn
NEW
Prce-At the market yield about 8@ &
yG c.a, ). ..m.,
Dominick & Dominick
Members NeuY YokS Exchange
Rector Broadway
are believed
The New York herald., 1921-10-26

Figures complied from the three
quarterly statements this year show that
the net earnings to date, after all de-
ductions, aggregate $29,255.SSs. against
s59.212.170 in the corresponding period
of last year. This Is equivalent to S2.03
share earned on the total outstanding
common stock after payment of pre-
ferred dividends and. compares with
$3.50 share earned in the same period
year ago.
Comparisons for the nine months
The New York herald., 1921-10-26
OFFER NORTH AMERICAN STOCK

DominiclS & Dominick are Offering at
a price to yield approximately per
cent. preferred stock of the North Amer
ican Company. IL has par value OF
$50 and pays per cent. dividends. there
ocing $14,S96,650 OF It outstanding. In
connection with the offering il is stated
cHcially that its earnings and those OF
its subsidiaries for the year ended on
September 60 were more than those Of
the twelve months ended on August 81.
The earnings for that period were sufIl.
cient TO pay the company's preferred
dividend and leave a balance OF more
than s17 share on it's common stock
The New York herald., 1921-10-26

The feature OF the report yesterday
was the constant monthly Improvement
as shown by comparison with last year,
as follows
The New York herald., 1921-10-26

Stock OF Pay
Record. able.
Nov. Is Dec. ]
oct. 20 Nov. Is
Nov. . Nov 10
oct. % Nov. /
Oct 81 Nov. IL
Oct. 3 Nov. /
Noysis pcs :
The New York herald., 1921-10-26
NEW ORLEANS

NEW Oki4EIANS.
NEW ORLEANS. Oct. o5.--Cotton closed
steady to-day at net advance of 20 to 7S
points Closing bid December. 1885,; jan
uary. 1s.77c.; March. 1856; May, 1s.04c.
Spot steady; middlinss, 19c.
The local spot cotton market was steady
and 70 points higher at 1870 for middling:
sales nil.
Southern spot narkets--Galveston firm;
- points higher. 19.75c.: sales 213 bales.
New Orleans steady; 20 higher. 19c.; sales
1866 Mobile nominal: 80 higher, 1885,; sales
nil. Savannah steady; 80 higher, &c.,; sales
435. Norfolk steadls IS higher. 1880.
sales 613 Augusta steady: 80 higher. 1866
sales rs. Memphis steady; so higher. 19.5oc;
sales 800. Houston steady: 80 higher.
9.70c.: sales 40. Little Rock quiet: 75
higher. 19.15c.: sales 639 Dallas steady: so
higher. 19.S5c; sales 1928. Montgomery
firm; so higher, 1s.25c. sales "a. Fort Worth
steady; so higher. 19.30c.; sales 1,0o0 bales.
LIVERPOOL.
Spot cotton in moderate demand II points
advance: midling 12.20d. Sales 1000 bales.
American 5000 Imports 1900. American
IA, 900. Futures opened quiet but steady at
II to 20 points advance. Closed steady. 40 TO
60 points advance. october. 12.58d.; Decem-
ber. 12.20d. January, 12.12d.: March.
11.92d. May. 11.7Jd.; July. 11.50d. Man
chester-yarns quiet and unchanged; cloths
trtir
The New York herald., 1921-10-26
w. J. 4 $. RECEIPTS DROP.

The West Jersey and Seashore Rail-
road. affiliated with the Pennsylvania
Railroad reported gross receipts for
September OF s1.365.1co a decline Of
sf17,e21 from those. of September, 1920.
It's operating expenses underwent a de-
crease OF S294.S64 TO total Of si,o66.-
3o6. leaving its net operating income ai
s11o,963 after its rental adjustments
an increase OF s155.652. compared with
those OF September. 1920. Its report
for tho first nine months OF this year
showed S629.504 in net operating in
come. or $1,434,sss better than that of
the corresponding 1920 period.
The New York herald., 1921-10-26
DIVIDENDS.

Canadian Banl, OF Com.
merce. a.. 80. e.. si......,
Eastern Steemship Lires
pf.. S6. ... .....,
Ford Motor Co. of Canada
Sla.... s4........ ....
Lincoln Trust Co.. n. y,
xl.sO.. ...... as. ..,.4
ontario steel Prod. CO.,
Ltd. a.. ". Sl...............l
stewart Mfg. Corpn. pf., a.,
va. .... ......t. .....s.u
Union Bank OF Canada. a.,
s2'oo,"'" go" .. ,t'''
The New York herald., 1921-10-26
Decrease
Net operating income s4.2l0,s77 1887 ,a3G

Pennsylvania Railroads gross operat-
ing revenues for the nine months ended
September 80 were 1874 42S. .906. or s21. .124,-
1877 less than the corresponding period
of 1920 Operating expenses totalled
$325. 1880, a decrease Of $8S.6i9.342, leav-
ing net operating income OF $26.905. 0SS
or s84143,412 better than in the corre-
spending nine months Of 1920 when a
deficit was reported
The New York herald., 1921-10-26
U. S. STEEL DIVIDEND
IN SPITE OF DEFICIT
Earnings Of Third Quarter Of
Year Fall Short of Re-
quirements..'

The United States Steel Corporation,
ia the third quarter OF the year. had
total earnings of t1s.91s05s after ex-
penses, taxes and interest on subsidiary
companies bonds. This compares with
s2l, ,s93, SIG III the preceding quarter and
with $4S S051,5 $40 in the corresponding
period OF last year. After depreciation,
Interest charges. &C., there remained a
balance available for dividends of So
693.19 equivalent to s1.5S on the pre-
fcrred stock. This showing was sur
prise TO the street where it was ex-
rected that the corporation would fa.l
far short of earning its sl.75 preferred
dividend for the Quarter.
The following table gives a comparison
Of the corporations earnings for she
1870 and 1921 quarters:
The New York herald., 1921-10-26
SEPTEMBER REPORTS
OF RAILROADS IMPROVE
Pennsy's Net Operating In.
come Increased $547, ,339.

Early reports covering operations for
September indicate that by drastic cuts
in expenditures the railroads have been
able to equal or better slightly the net
earnings reported for the same month
of the preceding year. Main items in
the Pennsylvania Railroads statement
for September. 1920 and 1921. made public
yesterday. show
The Mt. Sterling advocate., 1921-08-16
LAwLEssxEss

The meeting last Saturday afternoon
outraged public The last Of the acts OF
lauess gang attempt Judge r. PewItts fifty
ready for the market II the nearest chance
that Judge escaped heavy and this attempt has aroused
people that they organizing for the purpose Of capturing ana
bringing to personal property
Judge Pvi the law and order crowd Of and
women said should deputies that would
bring this offender into the courts even to the guarding
county that all laws be enforced to the
very letter
dregsrdd and that there de-
ant known if only to ont
people the and
viii the command of the
justly appreciate their al
ready heavy burdens enforce the
violate the but there
for and laws, to
their death
The Mt. Sterling advocate., 1921-08-16
Henderson Growers
Plan Field Meeting

Plans are being made by the Hen
derson County Fruit Growers As
soication in cooperation with the
Kentucky State Horticultural So
ciety for a field meeting to be held in
Henderson county September 5 and
G. according to an announcement by
II. r. Niswonger. extension special
ist in orcharding from the College
of Agriculture Automobile trips viii
be made to a number of orchards in
the county for the purpose of study
The Mt. Sterling advocate., 1921-08-16
Phosphate VIII Raise
Ky. Wheat Yields

Kentucky farmers viii seed APP
proximately 100000 acres of wheat
soeiation in cooperation with the
be materially increased by early
preparation Of the seed bed and the
use of acid phosphate, according to
specialists in the soils and crops de-
partment Of the College of Agricul-
ture. The average yield Of wheat
per acre in Kentucky at the present
time is low, being approximately IL
bushels an acre, the specialists say.
A few farmers have produced as
much as 80 OF 40 bushels an acre.
while many more should be able to
obtain better than the average yield
by preparing the seed bed early and
using proper fertilizers.
Wheat land should be broken not
later than August and worked at
frequent intervals until seeding time
in order to secure thorough pulver-
ization of the soil. Stalk and to-
baeco land should be carefully sur
face worked. but ordinarily will not
need to be turned with breaking
plow.
Having been thoroughly prepared
early in the season. the soil is in
the hest condition TO respond to an
application Of fertilizer. Practical
ly all wheat land outside of the Blue
Grass area viii give better yields if
treated with some phosphate fertil-
izer. An application Of 200 pounds
Of 16 per cent acid phosphate per
acre is to be recommended for most
of this land. The fertilizer should
be drilled broadcast at the time of
seeding.
The Mt. Sterling advocate., 1921-08-16
Many Farmers Plan
To Protect Fields

With the farmers in so counties
enlisted with county farm agents,
and the extension division Of the
College of Agriculture, in a coop
erative cover crop campaign, indi-
cations are that a large acreage Of
these crops will be planted in Ken
tucky this fall to protect fields that
would otherwise remain idle during
the winter, according to Mr.. r. E.
Stephenson, crops extension special
ist from the College. A number Of
Kentucky farmers are already max
ing use of cover crops, some of them
following systematic crop rotations
SO that every field is always sup
porting a growing crop while others
are using a rotation that requires a
cover crop snch as rye between cul-
tivated crops. - -
A comparatively limited number Of
crops are available for use in pro-
teeting fields during the winter.
crimson clover and vetch being the
only legumes and rye, wheat and
winter oats the non-legumes. Where
crimson clover succeeds it is un
surpassed. Rye is perhaps the most
dependable crop to use since il can
be seeded either early or late, as the
conditions demand. Best results are
obtained by seeding it during the
latter part of August or the first Of
September. This will permit its be-
ing used for early fall pasture as
well as winter protection
Where soy beans and corn are
grown together to be hogged off, rye
may be seeded early. In this way
green carpet will be furnished upon
which the hogs may feed. II the
hogging off is done first. rye may
be seeded as late as November.
Rye also may be used TO good ad-
vantage on garden and truck plots
which are usually not well kept or
cleaned off until late in the season.
Since seeding the garden will re-
quire a small amount of seed this is
a good place TO experiment with the
crimson clover to test its adaptation
to the farm. When clover is used il
is best to include little rye, since
this crop rarely fails. Rye and
yetch are sometimes grown together,
but this seed is expensive.
The Mt. Sterling advocate., 1921-08-16

Treating potato seed with eorro-
sire snbIimate decreases the percent
age Of potato scsb 90 70 S. per cent
on early spuds Erown by farmers
wbo o-operated with the extension
DIVISION Of the College Of Arricui-
ture and county farm agents IN dem
oustrating the benefits Of the seed
treatment. according to J. $. Gard
ner. extension specialist IN vegetable
gardening under whose direction the
tests were made The higher per-
centage Of decrease was obtained on
soil where potatoes had not been
grown for several years. and which
was relatively free from seab. The
seed treatment cost about five cents
bushel and is always good insur-
anee against the pest that was re-
sponsible for q reduction in the mar
ket value Of much Of the first crop
Of potatoes in Kentucky this year.
Mr.. Gardner said. The remainder
of the reduction was dut to the poor
growing weather this spring, which
cut down the disease resistance Of
the first crop
When the land is scabby seed
treatment alone viii not guarantee
clean crop. treatment of the sod
being necessary in thfs case. A num-
Der Of Jefferson county farmers are
conducting demonstrations in co-op-
GRAFTON with the College at the pres
ent time on total Of Six acres to
determine the ability of sulphur in
cleaning the soil. From 800 to 800
pounds Of this materialsis'beine used
on each acre The treatment, which
costs about eight dollars an acre,
has been successfully used by po-
tato growers in the East and gives
promise of being valuable for Ken
tucky farmers. i51i
The Mt. Sterling advocate., 1921-08-16

Mrs. Lacy Sims. from Winches-
ter. and Mrs. Fannie Pence. from
Illinois, spent the week end with Mr..
and Mrs. p. s. Monroe
Miss Iona Byrd. Of Winchester,
is teaching school two weeks FOR
Miss Barniae ConIee. Who Is vet
going to school in Richmond Mss
Byrd Is competent for the school
Mr.. James Monroe. Of Newport,
and Mr.. George Sims. Winchester.
visited Mr. and Mrs. ?. l. Monroe.
Of DRY Ridge. this week.
Mr.. Charles Ewell and Mr.. VIII
liam Mastin. Of Carlisle, spent the
past week With Mr.. and Mrs I. r.
Bowen
Mss Pearl Pieratt win return
from Richmond this week. where she
has been visiting for the past two
weeks.
Richard Mitchell. eldest son Of
Clarence Mitchell. Of Barlow Ridge.
died Saturday morning Of typhoid
fever. The burial took place Sun
iay afternoon at Hardwick's Creek
The neighbors extend their sympa-
thy to the bereaved family
Mrs. Mary catron and Mrs Pete
Green have returned from Ashville,
N. C., where they have been visiting
their son and daughter, Mr.. and
Mrs. VIM. Hoskins for the past
month The ladies say their trip
was very much enjoyed Both re-
GREETED to leave their relatives and
newly made friends. but there is no
place like home.
Mr.. Garland Monroe has accented
position with the Kentucky IT'LL
tiles Company. Mr.. Monroe left
Monday for Greenville. Ky, to take
up his work.
Mrs. Simpson Garrett spent one
day last week with Mrs. Fannie
Monroe.
Mrs. Charles Douglas spent last
Thursday with Mrs. Emmerson Con-
lee.
Mr.. Cyrus Boone is still n a se-
,ious condition. Some of his chill
dren have been called TO his bed
side.
Mrs. Clay Hoskins' foot. which
was mashed by piece of timber
falling upon it some weeks ago. is
still causing her great pain. We
hope Mrs. Hoskins viii be able TO
walk in short time.
The Mt. Sterling advocate., 1921-08-16
COOPERATIVE TOBACCO SALES MOVEMENT

Former Congressman Kehoe Maysve viii be here the
subject of Cooperative
the object of the Congessman and business
present people enlist solid front
tobacco and growing citizens On this subject people
the
join organization that people should busy
before effort realize from their
We believe the growers protect themselves and
hopeful that the effort this county will show hundred
bpeak enhus
asc audience We people that Hon. Kehoe
pleasing convincing speaker they pleased his
efforts
The Mt. Sterling advocate., 1921-08-16
TABB THEATRE
Program

WEDNESDAY, Aug IT.
d. w. Griffith presents
"The Love Flower
(In Seven Reels)
Avenging Arrow Serial
Pathe News
Prices Is and 30c
10-Reel Show 49,
FRIDAY, Aug. 49,
Pathe Picture Corp. Offers
The Big Seven-Reel Special
Production
"La Homa" >
Phantom Foe Serial
9-Reel Show
Prices Is and Csc
SATURDAY, Aug. 26
William Farnum
in
"The Scuttlers"
7-Reel Fox Feature
2 Reels Christie Comedy
Phantom Foe Serial
A 11-Reel Show
The Mt. Sterling advocate., 1921-08-16

ing an phases Of orchard manage
ment. Representatives from the
College Of Agriculture at Lexington,
together with those from other
states, win take part in the meet
inc. ssa1f
The Mt. Sterling advocate., 1921-08-16

Don't wait until they are picked
over. Come today and see our new
fall suits for children, ? to s years.
The Walsh Co., Inc.
The Mt. Sterling advocate., 1921-08-16

Don't wait until they are picked
over. Come today and see our new
fall snits for children, 2 to s years.
The Walsh Co. Inc.
The Mt. Sterling advocate., 1921-08-16

The value Of time.
The success Of perseverance,
The pleasure Of working.
The dignity Of simplicity.
The worth Of character
The power Of kindness.
The influence Of example.
The obligation Of duty
The wisdom Of economy.
The virtue Of patience.
The Improvement Of talent.
The joy Of originating.
Every rose has its thoms, am
every summer brings its dirty eI
bows and white shoes.
The Mt. Sterling advocate., 1921-08-16
HOUSEHOLD AND PERSONAL EFFECTS
at z o'clock P. N.

At the above time and place the effects and furniture Of
the late Rufus IIadden we the surplus furniture,
Stoves of Mr. and Mrs H. B. Turner will be sold list Of
the above will appear later.
Evening journal., 1921-01-08
MADE
UNDERNEW LAW
Commissioner Spaid Dis
cusses Transportation
And Consolidation
$26,484.28 FOR
CARRYING PUPILS

What has been accomplished in
consolidation and transportation
under the new school law is interest
tedly discussed by State Commissioner
Spaid, in his annual report 10 the
State Board Of Education. This part
OF his report follows:
I'm those sections OF our country,
especially in the east. where cOnsOll-
datiOn has not become an established
principle, II Is difficult TO convince
school patrons OF the value OF uniting
small districts In rural sections into
a centralized or consolidated school
"Since the beginning OF the war.
scarcely a community has not felt
the growing shortage OF teachers and
this fact has done more than anything
else TO bring about consolidation
Many well-thinking men have argued
that consolidation should not be made
without the approval OF the people,
but a referendum in this case fails
to enlist those who are most inter
ested. namely, the school children
themselves. FOR they do not have a
vote in changing these small units
to the larger ones.
Following the enacting OF the
school laws OF 1919. several c0nsOli-
datiOns were consummated. There
was TO begin with, one consolidated
school known as Caesar Rodney.
which the act made into a special
school district. As the Caesar Rod
ney district had a modern building.
which was not used up to its capacity.
it was thought best 10 increase the
territory sufficiently TO make a capa-
continued on page tWO)
Evening journal., 1921-01-08
MILLION SCHOOL
LOAN FAVORED
Question to be Presented to
Voters of County Within
Month
p. S. DUPONTGIVES
HEARTY SUPPORT

Having obtained endorsement Of
leadng taxpayers, The New Castle
County Board OF Education now will
put the proposed Si.OOOOOO school
bond issue before the voters Of the
county.
Following a discussion Of the ques-
tion thirty women. representing par
ent-tcacher associations and civic or
CARNATIONS who attended the lunch
con held yesterday afternoon in the
duBarry Room OF The Hotel dupont,
unanimously approved the loan VIII
bur II. Jump, county school superin-
tcndent. announced that a special olec-
tion would be held within a month.
p. $. dupont, yice-president of the
State Board OF Education. the princi-
pal speaker at the luncheon. gave the
project his hearty support His ad-
dress. In its entirety, was as follows .
Everybody present is we'll satisfied
that good schools are needed, and es-
pecially In New Castle county. There
Is one phase OF the question that Is in
eNerybOdy's mind How will we pay
this million dollars2
We an know that there are perhaps
a few individuals In the county who
could undertake to pay this amount
alone. Is is too great a burden for our
county. or Is 10 reasOnable2
Il have a theory that when there is
a public movement In favor OF anv-
thing, the movement itself will pro-
vide the funds. If people really want
anything they will find the means fo
get 10. We all want these schools
and we all realize that they are need
continued on page two)