davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-07-13

The decline in production from
the prewar level has not been due
entirely to the war. since there
have been fundamental changes 60
ing on which lead to the conclusion
that sheep raising has been ap-
preaching the maximum in many
of the older sheep raising sections.
The tariff commission says on this
point:
The survey of conditions in the
competing foreign countries, seems
to show that most OF the great wool
regions of the world have passed
their maximum of production, un-
less, perhaps, IL is British South Al
rica. Australia probably never again
will have more than 100000, ,OOU
head of sheep (about S0.o00.OOO
now). The industry in New Zea-
land and Argentina is hard pressed
by cattle raising; in New Zealand
for dairying, and in Argentina for
beef"
The sources of cheap wool ere
therefore growing more and fore
restricted in the older regions.
There are probably areas where eN-
pansion may continue in Africa and
Russia, in competition with cattle
raising. Higher prices would en-
courage expansion within the United
States, however, on general farms
outside of the range districts.
During the war the number OF
sheep in European countries de-
clined in France and the United
Kingdom while the numbers IN
creased in most other countries. The
loss in these two countries was
sufficient, however, to bring down
the total from about $4,000. 900 head
to 1900. 900 head
The hope Of present wool trade
situation lies in the resumption of
wool manufacturing in a normal
scale both here and abroad. koT
1920 consumption in the United
States was about normal or at the
rate of 5S0,000.o00 pounds. Wool
was being used at this rate during
March and with the improvement
noted in recent weeks over 1921
consumption appears to be running
about normal.
In Western Europe. howeye-. the
1920 consumption was only 45 rer
cent of normal, or a decrease of
about 50.O0o.000 pounds. This was
against a decreast in world pro-
duction OF only about per cent, or
170.00o,0o0 pounds.
The worlds problem in wool mar
keting appears to be to restore ION
sumption IN Western Europe as
quickly as possible to r-tie !e the
market of the present surplus. Once
a balance is again established :he
normal growth of consumption Will
probably keep pace with production
which shows signs of remaining IN
static position unless stimulated
by an increased demand.
The Washington herald., 1921-07-13
SOUTHERN SELLING.
SENDS MARKET OFF
Liverpool Advices Also Aid
In Cotton's Moderate
Decline.

NEW YORK, July l2-The Liy-
erpool markets were strong early
and higher with spots there in good
demand with the price up points
further 20 S.20d for middling with
the days sales 10000 bales against
i2'ooO yesterday. while futures
opened firm and advanced 10 to IA
points under the lead Of the near
months As against l to 2 points rise
due to have met our closing pricees
yesterday. Private cables reporteJ
a good class Of buying there early
in the day. but after the rise a
large amount of selling orders
from this side caused the prof;
taking movement which caused
the market to close irregular and
unsettled at a net decline of IL to
l6 points on the day under the lead
of the distant months.
On these late advices Liverpool
houses here who were large buyers
OF contracts here early yesterday '
turned sellers. This caused our
market to open easier than had
been expected from the early bull
lish cables with the market start
ing at about where it left OF yes
terday with July about 1850: oc-
tober. 1916; December, 1886, and
January, 1885.
larg amount of selling orders
came from Ne~ Orleans shortly af-
ter the opening and other Southern
points. This, with the Liverpool
selling above referred to, and the
lower late cables sent the market
Off sharply after the first hour with
a general local profit-taking move
ment. 1t continued during the
noon hour and sent prices off about
30 points from yesterdays closing
by O'Clock. July dropped down
to about 1870; October. 19.S4: De-
cember. 1925, and January about
1925, from which there was a slight
rally in the last hour. Generally
favorable weather in the cotton belt
and Liverpool's sudden reaction had
a restraining effect on further bull
lish activity;
The day exports posted up to 2
o'clock were l4,729 bales. Southern
spot markets were unchanged to 20
points lower on the day in the late
az fat
The Washington herald., 1921-07-13
U.S.. S.EXPENSE
BUT Sl2,OOO,OO0
FOR COMING YEAR
Saving Made by Slashing
Good Roads from lO4
To One Million.
ALL UP TO DAWES
Any Tax Reduction Depends
On His Expected Economies.
War Big Cash Consumer.
ALL UP TO DAWES

Hope for a substantial reduction
in the amount Of Federal taxes de-
pends almost entirely on the econ
omy AK Of Charles c. Dawes new
budget officer. it was shown yes
terday with the final enactment OF
the last appropriation measure
the naval bill. 49,.
Congress. a summary shows, has
authorized the expenditure or ap-
proximately s3.5s5. 100000 during
the present fiscal year, which begar
July l. Last year for.the same pur-
poses. 4 total Of s5.7I7.27I, ,3s2.sO
was appropriated. the reduction thus
being only about sI32.ooo.ooO. This
represents a reduction Of only thin
teen days Of governmental spend
ing. as the expenditures have been
averaging sIO.Ooo.OoO a day.
sees 500 200 900 Cut.
Dawes has said he proposes 70 re-
duce the appropriations by 25 per
cent during the coming year. which
would effect a reduction Of approx
imately $500. 900 900
These total appropriations, how
ever. do not include any appropria
tions for the railroads. which last
year received $500. 900 900. So Tar
no appropria tion has been made To-
the current year. but 9, is expected
that probably S4O0.00O.OOO will be
necessary.
The major part OF the reduction
made bv Congress is accounted Tor
BY the fact that the appropriation
for good roads were reduced from
100000. 600 last year to sLoQO. 900
for the current year. or a saving of
SlO3. 600. 900 out Of the 1882. 100000.
A bill is pending in Congress. how
ever. 20 make another appropria-
tion CT 100000 600 for this purpose
The fgu--s indicate that Congress
failed TO Csc the AK in reducing
governmental employees and bureaus
here. The regular supply bills for
last year total se..5l 600 600. as
compared with se.ess.ooo. 600 for the
current year. saving ~ only
$4,000 ono The balance % the wears
appropriations goes for the nerr1a
nent expenses. such as the interest
and sinking fund on the war debt.
these two items totalinC about
81. $50 .OnO. .Oon
The Washington herald., 1921-07-13
NEW YORK PRODUCE.

NEW YORK, July 12.-Butter-
Market stronger. Creamery extras,
SSha4lc: creamery irsts, 36ka
Sshc; creamery. higher scoring
Ssha42c; State dairy tubs, 32a
3s1ac.
Cheese-Market stronger. State
whole milk specials. 17&a1Skc:
whole milk fancy, 17a17hc; whole
milk lower grades. 14a16hc: wis
consin whole milk. fancy Young
Americas. 1870; State skins spe-
cials, 12a1Shc; skins, choice, Ga
l1hc.
Eggs - Market firm. Nearby
white fancy. 4Sa5oc: nearby brown
fancy. 4oa42c; extra. 3sa3sc; frsts
33a35c.
The Washington herald., 1921-07-13
American C. of C. to
Study Exchange Plan

BUENOs AIRES, July I2-The
American Chamber of Commerce
will take up with American finau-
ciers the feasibility Of adopting N
scheme proposed by Carlos Torn
quist, banker, of this city, for
remedying the exchange situation
through a new American loan.
II IL Tornquist's plan 20 ask
either the War Finance Corpora
tlon or the Federal Reserve Board
to advance $J0,0OO,0OO to Arxen-
tine importers of American goods,
ON the credit OF the American ex-
porters. Such q loan would cover
two or three years, and would be
used to pay for new goods or
those already here.
Dfseussion among the Ameri-
can business men In Buepos Aire.
has developed that there Is .
great reduction in the amount of
unaccepted textiles and automo-
biles held mt the Argentine GUS
toms house, and there fs conse-
quentiy q feeling Of optimism and
relief, especially among textile
Importers.
The Washington herald., 1921-07-13
GERMANS SAY HIGH
TARIFF MAY HALT
INDEMNITY ToU.S.
Will Stop All European
Exports to America,
They Assert.
PEACE AIDS LITTLE
Impending Duties Mean Teu-
tons Can Buy Only Few
Products, They Claim.
fsc.eial Cable to The Washington Herald
and United Hevs.)

tsr.eial Cable to The Washington Herald
and United NsVsO
BERLIN. July 12.-Politically' the
signing of the peace resolution oS
which America has ended the teen
nical state of war with Germany
has mad its naturally buoyant ef-
feet on the German people. But
as far as German manufacturers
are cohcerned. the new-found peace
has not created an overenthusl-
ssftc hope. particularly as the ac-
tion had been anticipated and dis
counted.
There still fingers. besides, in the
minds of most business men, the
uncertainty over Americas future
attitude toward Germany. The most
frequent question heard is:
..Suppose that some day Germany
il unable to fulfill Americas claims
for reparation. VIII she confiscate
German merchants credit for goods
already delivered in the United
StatesT
- Tariff Main Obstacle.
The main obstacle to an increased
American-German trade. however
is the United States customs policy
which. Germans declare, will some
day- prove to injure America more
than any other nation"
The fact that America is basins
the taxation on imported goods on
American market prices, instead OF
German values. will some day end
all Importation of German goods
into America. it is predicted. eX-
aouy following the experience OF
Canada, to which no goods have
been shipped since that country fixed
a disvaluation on them at so per
cent.
lie is admitted. Of course. that the
American policy is not directed
especially against Germany. but
against All Europe. and that
Switzerland's ace industry and
Frances textile wares are expert
eneing similar treatment. But this
is poor comfort to the German
manufacturer.
no Have Goods to Send.
At present most manufacturers
are seeking no new contracts until
the German customs program has
been definitely fixed. The German
also balks at the petty administra-
tion- regulations demanding that
each article bear a trademark
such. for instance, as cigar labels
Many such regulations are tech
nicaIly impossible.
The following branches Of in
dustry are ready to eNport-wher
the opportunity comes:
Chemicals. textiles. optical goods
steel wares, silks. gloves. toys. seed.
and films.
The Washington herald., 1921-07-13

TIMELYWALL STREETTOPICS

NEW YORK, July 12.-The stock
market today was mainly profes-
sional, even while the whole list
was advancing during the first
hour. Gains of l to 3 points or
more were spread over a broad list
OF stocks in the early trading, but
the greater part of this apprecia-
ton was lost before midday. The
demand for the covering of short
contracts having been filled, the
market turned extremely bullish
and moved irregularly until the
close. Railroads followed closely
the trend of industrials.- Altogether
the market was an unimportant
meaningless AFFAIR.
After the squeezing of shorts in
American Sugar common yesterday
the stock ran into a thin market
which continued throughout today's
session. 1t started the day at the
Monday closing price of 6S% and
went up to 6s7s early in the second
hour. At this juncture the demand
for short covering seemed to have
been filled, for there were no in
quiries for the stock for a long
period. Some time after selling at
69% it was quoted at S. bid and
60 offered. indicating that traders
who wanted long stock were ~
as eager to bid for it as the re-
treating shorts had been. The first
sale after 69% was at 65lk. Fol-
lowing this transaction there was
an interesting series of transactions
as follows: Ten at &c: 800 at 6S;
200 at 81; 100 at 67ls, and 800 at
66A. A premium of u 20 cent
was again exacted for loans of
American Sugar stock.
The Washington herald., 1921-07-13

The rally in which all classes of
Industrial stocks participated dur
ing the first hour was ascribed to
short covering, an explanation
which is plausible enough in view
of what happened in individual is
sues yesterday afternoon. The
sqeezing of shorts in American
Sugar. United Drug. Atlantic Gulf
and a few others after midday on
Monday caused no little uneasiness
among the shorts. Brokers who
keep close tally of the short in
terest were of the opinion that
there was as much stock waiting
to be covered at the close yesterday
as there was ten days ago. Bear
operators were by no means frantic
in their efforts to cover this morn
ing. As a matter of fact It was
generally believed that only the less
hardy small fry were stamped into
bidding for stock and after their
wants were supplied stocks which
had profited fell back into a mar
row trading area some distance
from the high level OF the first
hour.
Brokerage houses which had
stock available for loans to specu-
lators on the short side took ad-
vantage OF the size OF the short
interest by continuing to demand
premiums. In addition to the u
per cent on American Sugar there
was a premium today of u on In
ternational Harvester, 1-16 on Sears
Roebuck. and lis on United Fruit
Atlantic Gulf common loaned nat
and the interest rate paid on funds
advanced against loans Of other
stocks was reduced.
The Washington herald., 1921-07-13
HERALD ECoNoMIST.)

clip. IL consumption remains low
the present surplus is a two-years'
supply. With this may be compared
the worlds production as estimated
by the tariff commission for a pre-
war year and 1920.
WORLDS PRODUCTION OF WOOL.
lin millions of nonnds
The Washington herald., 1921-07-13
elI,O00,0o0

Real surplus. December L.. el1.ooo,ooo
To this must be added the stocks
in the United States, which on De-
cember amounted to 65O,6e6,ooc
pounds. The clip for the Southern
Hemisphere for l92o-21 estimated at
1,45O, zoo, 900 pounds. This December
stock of the United States was
about 20 per cent above the prewar
normal. which was not alarming in
itself had there not been decreased
consumption. Imports during the
early months Of 1921 have been
heavy in anticipation of the tarin
amounting to more than loo. .o0o,0 900
pounds or more than 50,ooo,ooo
pounds more than consumption for
the same period.
Compared to the foregoing the
Bureau of Markets estimates the
world supply of wool in sight on
May ]. 1921, as follows:
The Washington herald., 1921-07-13

50 Matson Navigation Co.
10 Market Street,
San Francisco, Cal
Is South Gay Street, Baltimore. Nd.
81 Munson steamship Line.
81 Wall Street, N. Y.
Tel Bowling Green $500.
los Pacific Mail \. \. Co.
10 Hanover So. y. Y.
Tel. Bowling Green 1880.
6e1 Market Street. San Francisco, Cal.
log The Admiral Line.
u state Street, n. Y.
Tel. Bowling Green 5625.
L. G. Smith Bldg. Seattle, Wash.
1So U. :. Mail - s. Co., Inc.
- Broadway, ". Y.
Tel Whitehall 1900
oS Ward Line.
Foot Wall ST., v. Y.
The Washington herald., 1921-07-13
WOOL TRADE REVIVAL.
DEPENDS ON EUROPE
Normal Consumption Needed to Absorb
Worlds Surplus. Production Decreasing.
(By THE WASHINGTON
HE worlds wool industry IL


THE worlds wool industry Is
soon coming to a change in
centers OF production and
readjus,ment due to the changes
taking place In the livestock indus
try. This is the conclusion OF the
United States Tariff Commission in
a survey of the Worlds Wool Grow
ing Industry just issued. The pres
ent depression in the wool trade due
to an accumulated surplus cannot
be long continued.
This present oversupply Is really
not a surplus IL consumption were
normal and the needs Of Central
Europe were amplp supplied. Con-
sumption has dropped to what may
be a new level for some time in the
opinion of many in the trade, con-
sequently a normal surplus is an
oversupply and the situation can
only be relieved by reduced proddc-
ton.
The tariff commission placed the
worlds surplus of old wool on last
Decefber l as follows:
WORLDS SURPLUS OF OLD WOOL
DECEMBER, 1920.
Exclusive Of the United ststes)
Pounds.
Australasisn wool in Australasia.
Great Britain, afoat, and at
foreign ports, owned by British
government, September /, 1920 se3.Ooo.OOO
Stocks in Arrentins 275. ZOO, ,00C
stocks in Uruguay . so, 1000, 900
stocks in south Africa 1900, ,0o0
Total ....................1,247.o ,247. .ooo. .oot
shipments from other
than Australasia at
33. 3.OoO.O0O pounds
per month, three
months .......... ss,0oo.ooo
Sales OF British
owned wools at
same rate ...... S9,0OO,VO
Iss. ooo. .oOo
Surplus of old wools on De-
cemDer l ..--.-----. .A'Vhs'ooo'S
Shortage in new Australian clip. lS2,oooooO
The Washington herald., 1921-07-13
BALTIMORE PRODUCE.

urnished by W. B. Hibbs & Co.. membe,
Chicago Board of Trade,D
The Washington herald., 1921-07-13
SUGAR MARKET.

FURNISHED BY W. B. Hibbs Co., members
New York Cotton EIchange.)
SUGAR MARKET,
NEw YORK. July lathe sugar market
closed to II points lower
High. Low. Close
July .......... -. ... 3Ossfs O6
August .....I. .... .... 3.O5d3 90
September ..... $40 3.02 3.O563. 90
The Washington herald., 1921-07-13

British. old stocks....... TOO Ooo. 900
southern Hemisphere. new clip 1,JooO OoDO Ooo
United States. old stocks. Jo0oo.0oo
European. except Bntish..... 800, ,oOo.ooO
Northern Hemisphere, new
clip, except Asia and East
eru Europe ............. $50, o,ooo. 900
Total 1000, 00O 600
This surplus is largey in the me-
dunn and low grades fne wools
have been in steady demand for the
past two years.
Consumption for 1920 is estimated
to have been as follows:
Pounds.
Western Europe ......... !, 100 600 900
North America ........ 600, 0Oo. 00o
southern Hemisphere ~ 100 o00, 900
Total ............ 1900. 900 900
The normal stocks are usually es-
timated to be about 2.0oo,0O0.0OO
pounds or two-thirds of years
Arizona republican., 1921-10-12
FUN RIOT IN MILF A-M|NUTE KENDALL 7

There will be the regular popular midweek matinee at the Elks' the ater this afternoon at 2:30 o'clock. The offering, Mile a Minute Ken dalL" is one Of those fast, snappy and poppy comedy dramas where the laughs simply come budding. but there is abundant heart interest and deep appeal The play is one of Ol- iver Moroscos best. and is right up to the standard of the other great offerings presented by the Bain- brige- -Karns company
 This popular organization has sure Iy set a new standard for stock in Phoenix and the playgoers have every reason to congratulate themselves on having them, especially this season during the famine of worthy road productions. The matter of royalty does not stop the company for 3 minute and during their stay only the very highest plays will be of fered. Mile a Minute Kendall' runs for the balance of the week with an- other popular matinee on Saturday and followed by the famous Klaw & Erlanger success, Here Comes the Bride" witt su h plays in prepara- ton as Daddy Long Legs" My Lady Friends" At 9:45," and other late New York releases.
Arizona republican., 1921-10-12
JUSTINE TOMBSTONE |S HIT 1T COLUMBIA IN "A HEART ID LET"

Justine Johnstone scored decid- ed hit at Mauk's Columbia theater yesterday as the charming heroine in "A Heart to Let" the screen adap- tation of Harriet Loomis Smiths widely read novel. "Agatha's Aunt" The action gt the picture is laid in the South and deals with the efforts of Agatha Kent, played by Miss Johnstone, to raise money enough to IT. n-aintain a run down Southern estate to which she has fallen heir, by taking a few select boarders. She inserts an advertisement in New York newspaper and it is answered by Burton Forbes a young New York
 business mar who has temporarily lost his sight and is looking for a place in the country to rest. The diff ficult part of Burton Forbes is ad- mirably portrayed by Harrison Ford
 It happens that Forbes had visited in the little town when child and remembers going with his grandfa ther to call on Miss Agatha Kent Naturally he believes that his new landlady is his hostess of long ago and she encourages his belief. Al sorts of complications ensue. working skilfully UT to well handled climax "A Heart to Let" will be featured for the last times today. Augmenting il will be seen a Snub Pollard, "Spoi Cash,' which is a laugh producei from start to finish; also Literary Digest Topics and Select News reel
 Starting Thursday. Pauline Fred erick will be featured in striking Western picture, 'The String of the Lash, Miss Frederick is cast as Dorothy Keith. an Eastern society belle who through circumstances is barried ca dissolute westerner.
Arizona republican., 1921-10-12
THE MYSTERY ROAD
 1T STRAND I | J AY

David Powell returns to the Strand
 for a two days engagement. starting
 today, of "The<eMystery Road" E,
 Phillips Oppenhs ms celebrated novel
 of the same name, visualized as a
 starring vehicle for this sterling actor
 by Paramount "The Mystery Road
 is true to life flesh and blood drama
 of real flesh and blood people, and
 presents David Powell in an absorb ing romantic story, interspersed with
 much action and many startling cli- maxes. It rings true of the Oppen-
 helm style, which to the followers of the world of literature means that the very ultimate in unusual twists
 and surprises may be expected
 David Powell appears as young man, determined to explore the "mys- tery road as life is termed by the
 versatile author, to the utEost. and he searches for happiness through
 many and varied channels. His suc- cess, his failures, and finally the startling denoument which brings the story to a close have been reviewed
 as convincing and as powerful as l have been incorporated in any dra- matic structure yet seen during the
 new season. David Powell was emi- nently successful as leading man for
 Mae Murray in such pictures as tOn | With the Dance- Idols of Clay and 'sThe Right to Love- and his 1 first starring picture, Appearances"
 was very cordially received through
 out every city in the country. He is destined to become one of the most prominent of the male stars, and it I is just such pictures as Paramount is I selecting for him that are bound to
 place him in the very front rank of
 popularity. The same program will carry full line of selected features,
Arizona republican., 1921-10-12
ENDORSEMENTS
CONNIE TALMADGE IN MAMA $ AFFAIR
 AT RIALTO TODAY

Constance Talmadge is the most original screen comedy she has had In several seasons comes to the Rial to to play three days engagement statring today when she will present her latest First National laughing scream, "Mamma's Affair" Mama's Affair" is centered around one of the oldest and most dangerous weapons in the hands of the feminine gender when used against the male of the species-"nerves, and starts the story in a highly original prologue depicting the Garden of Eden, where Eve dis covered the value of woman's nerves when she inveigled Adam into not only stealing the prove-bial apple, but in eating of it himself, thereby chang ing the course of events for all man. kind
 Comics role is that of dutiful daughter of mamma who had nerves and mamma used these nerves when ever it appeared that daughter was even thinking of having an evening of happiness away from the constant grind of waiting upon the many and sundry want of mamma A partic- ularly severe attack was the fore runner of mammals announcement that daughter should wed-and the man mamma had selected as her soul mate. Daughters indifference brought forth a yell from mamma which re- suited in visit of nerve special ist: and this visit spilled the beans' for fair. Daughter, on learning that mamma was a falzir, realizing how eff fectively the nerves thing had worked. remembered she herself was a daughter of Eve, and that the doc tor was not hard to look at at all. Can you sense the screaming1y fun- ny angles t. i. situation presents to a comedienne of the nation wide rec ognition Connie Talmadge enjoys? Of course. you can: and that's why the Rialto is bound 70 be crowded dur ing this engagement. The added at fractions will include selected com edy and the International News.
 Saturday brings George Melford's production for Paramount, "The Great Impersonation," to the Rialto, with F'itzmaurice's special Paramount picture. Experienced underlined for Monday Bob Hampton of Placer Is scheduled for an early showing at the Rialto, as well.