davidaulloa/AmericanStories huggingface dataset:
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-11-02
SERIES OF R
EXHIBITS TO BE
GIVEN AT u. N. D.

According to an announcement
made by Professor E. o. Christian
son, head OF the art department OF
the University Of North Dakota. a
series of art exhibits will be given by
the art department in Woodwork
hall. The first exhibit will be held
November 10.
Seven exhibits will comprise the
series, two Of them to be the product
Of the work Of the students in the de-
paftment. The other displays are ar
ranged for through the American
Federation of Arts. All interested
have been extended an invitation to
view the exhibitions which are given
free of charge.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-11-02
LIBRARIAN ISSUES
MONTHLY REPORT

The October report of the public Il
brary, issued by Wis Jessie Bulge
shows that during the month there
were 4.41S books loaned for home
reading. this being an increase of II
per cent over the number loaned dur
ing the corresponding month last
year. There were I75 new borrowers
registered at the library during the
last month. Of these 1871 being adults
and "a juvenile readers.
The total number of fiction books
loaned was 3.24o and those Of other
classes Of books totalled 1873. The
total number Of %children's books
loaned was 99o.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-11-02
FUNERAL SUNDAY
FOR E. SOLDIER
KILLED IN FRANCE

Funeral services over the remains
of Martin Sanders. Grand Forks SOL
der, who was killed in France during
the world war, will be held on Sunday
afternoon from the Middle Grove
church at Mekinock, under the au-
spices of Grand Forks post No. 6 Of
the American Legion. Rev. Mr.. Ness
wi l officiate. !.
The bouy is expected to arrive here
funeral procession will leave Nor
mans at 2 o'clock On Sunday after
noon. ~
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-11-02
PORTFOLIO STOLEN
FROM MYERS A

While parked near the City Audi
forum Tuesday night, a Ford car be-
longing to l.. W. Myers, head of the
Myers Auto company, of East Grand
Forks. was looted by some thief. A
splendid portfolio, containing nothing
OF any value to anyone except Mr..
Myers, was stolen. In the portfolio
were auto contract blanks, order
blanks and notebooks.
Police anticipate hat the thief will!
throw the stolen material away, and
anyone finding it is asked to COM
municate with headquarters.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-11-02
On Der recent ..rtv.l il Ncw York.

Asked II she would ever MARI
again. Peggy said: well, at ieast
not now. Perhaps when 1 am thirty.
three Or t~hirty-fve. but that IS a Ions
offer from & moving uscfure com
lpany for 10000 l. month, but had not
yet decided to accept III
Every wonanswho Is happily mar
r1ed should have aSchild. PERHAPS II
little one had come to M tiiinss
would be vastly different 9he sai6
she twtrled her Wedding ring about
her finger.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-11-02
ADVERTISEMENT.
RED PEPPER FOR
COLDSNC CHEST

-st.E-ti- $40 49,. g-W##.rHr-rrf
Ease your tight, aching chest. Stop
the pain. Break w the congestion.
Feel a bad cold loosen up in just a
short time.
Red Pepper Rub" is the cold rem
dy that brings quickest relief. It can
not hurt you and It certainly seems to
end the tightness n drive the con-
gestton n soreness. right out.
Nothing has such concentrated, BEN
etrating heat as red peppers, and when
heat penetrates right down into colds,
congestion, aching muscles and sore,
stiff joints relief comes at once.
The moment you apply Red Pepper
Rub Q feel the tingling heat In
three minutes the congested spot is
warmed through and through. When
] you are suffering from a cold. rheu-
I, matsm, backache. stiff neck or sore
muscles, just get jar OF Rowles Red
Pepper Rub, made from red peppers,
at any drug store. You will have the
quickest relief known.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-11-02
Anniversary Bargains In Dry Goods

CREPE DE CHINE
This is an all silk material, 40 inches wide
and shown in q wide range of desirable colors.
A regular $1.65 value. Anniversary q *
Sale price per yard
SILKS
These are SO inches wide, of fine quality, worth
as high as $3.50. Handsome plaids and stripes
to choose from. Anniversary Sale a
price per yard .@lsIJ
PONGEE Ii
This is q 32-inch width material in the natural
color only. An exceptional value.
Anniversary Sale price per yard........ 0
MESSALINE
This is a heavy Messaalne in Navy only, in 40.
inch width. Anniversary Sale O. 40
Pficc per yard. 8IB4O
QUAKER SATIN
This is guaranteed washable and spot proof.
A full range Of colors. including black.
Thirty-six inches wide and worth So. so.
Anniversary Sale price 90 40
SATIN FFANCAIS
This Satin has an unusually high hlstre and
will not wear rough. Dozens of staple and
novelty shades to choose from. 1t is thirty
Anniversary Sale price, per yard. ..3Z.JJ
GLOVES CLOVES GLOVES
A fortunate purchase enables us to offer an
extremely good grade of ladies' Cape Glove in
black and brown only in all sizes at an un-
usually big bargain during our q On
Anniversary Sale. Per pair only ......4I.05
HOSIERY HOSIERY
Womens 12-strand Silk Hose in black and
brown only. Anniversary Sale or
price per pair only JOG
Chidren's heavy ribbed Cotton Hose. IN =
quality that gives splendid wear. All sizes
from 8 to 10. Extra special ~
Anniversary Bargain, only per pair ZjC
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-11-02
PEG HOPKINS, HOME AGAIN, SAYS
a, SHE'LL FIGHT FOR $4,000 A MONTH

has filed in the Chicago circuit court
for 100000 against Joyce. the
mount said to be "thet balance due"
Tor jewels purchased of Cartier by the
lumberman. o
h papers filed in court do not
give any details. But in the suitrfor
annulment now pending, Joyce asks
tnat egg return the jewels he gave
ne gave her gems valued at 100000.
Peggy so far has shown no willing
ness to part with the glittering Jewels.
The suit filed by Cartier was the first
lntima 10 that the gems were not ali
paid for.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-11-02

BLACK TAFFFTAS, SAI1NS AND
M~ESSALINES
36-inch Black Taffcta of good G. m
quality. Per yard only .............. @IsVV
36-iDCn Black Taffcta, q %
81 quality. Per yard only. ...........%''O
36-inch Black Taffeta, $3.50, e 90
$2.75 and $500 quality
S6-irch Black Messaline Of good e *
quality. Per yard only. .@VuIV
30-inch Black Satin Duchcssc, O. 60
extra good wearing quality. only.....@luV0
CANTON CREPE
40-inch Silk Canton Crepe in Black. White,
Navy, etc. The S2.75 quality. O. az
Anniversary Sale price. per yard ..... @IIOV
COSTUME VELVET
Our regular $3.50 quality. SO inches wide, in
colors including Black, Navy, Maroon, Taupc,
Brown and Purple. Anniversary % 40
odIe price, per yard. WITH
DRESS VELVET
36-inch Chiffon Dress Velvet in Black. Navy.
Taupe and Brown. Regular $3.50 90 ne
quality. Anniversary Sale price. ..... 40sJJ
COSTUME VELVET
High grade Costume Vclycts. AZ inches wide. in
Black and African brown only. Sells regularly
at $3.50. Anniversary Sale On oc
Price, per yard only. ..40,JJ
M~ESSALINES
IS inches wide in Blues, Greens. Crews.
Browns, Reds, Pinks and White. N41E
Anniversary Sale price, per yard ....4u0
SHIRTINGS.
81 and SO inches wide in Silks. Crepcs and
Broadcloths. Very pretty new patterns for
s sa'c pr acS p peG'S ssrd Anniversary S1,48
T CHARMEUsE
This cloth has an unusually beautiful rich
lustrc and comes in Black. Navy and African
Brown, 40 inches wide and worth $3.50 a
yard. Anniversary a. m
Sale price ,6j
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-11-02

WOMEN'S BOOTS
One hundred pairs of Women's French Heel.
nine-mch Boots in black, brown or grew lid.
IN sizes 8 to 6 only. Values range IN to $40. 90
the pair. Anniversary = ~
Sale price, only S4,31
WOMEN'S DRESS SHOES
Womcn's nine inch Dress Shoes ~ 49,
Drown kid. Military heel, for street or dreas,
All sizes and widths. Ten dollar and eleven
dollar values. Anniversary - =.
Sale price, only S8,Sh
WOMEN'S OXFORDS
30 pairs Of women's Butcher Oxfords in h..,,
or brown calf, military heels. New fall .tocL
selling regularly at $7.S5. 80.
Anniversary Sale price, only SS,S1
WoMEN'S BROGUE OxFoRDs
IS pairs Brogue O1fords of Scotch grain al,
y, en- Drown and tan. Regular 80 and - Or
]IO snoes. Anniversary Sale.
Dur entire stock of shoes 49,.
tor Misses and Children, lH%
reduced SO/C
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-11-02

Herald Want Ads Bring Results.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-11-02
Hardware Values Extraordinary

- E.4 n s eano lay during the entire SALE extra snnial hr.;.. -u -
on various run n.for me hour only Suchu nusm.Ih .rr5s-S III DC Ionered in
you cannot afford to Miss me Of them j. A. Lsn sMnIp p"sans VIII be offered that
share OF the good things we have to oa. @ 1-l1p oApy 90 ue hour ant get your
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-11-02
Extra Special Shoe Bargains

MEMS DRESS SHOES
Two hundred and fifty pairs VI mems Dress
Shoes in black vici kid, black and brown calf
skin, English last or wide toes. Values range
up to $3.50. Anniversary o1S
Sale price, only per pair. ......., 34,41
MEMS WORK SHOES
Mems tan or brown elk, unlincd Work Shoes.
made over the Manson last and Goodyear we'll
sole. Regular $5.o0-$5.5o shoes. a. ne
Anniversary Sale price, only ..,...1 5,j0
MEMS HOUSE SLIPPERS
Made OF soft leather with heavy flexible sole
and elastic sides. Very comfortable and nrac.
teal Anniversary Sale a. ~
price, per pair only 4Z,41
SPATS
Eight-fnch Spats in both .1Tweedte, and
'Teniso" make. All sizes and all wanted COL
ors, including grey. tan and maple. a. A.
Anniversary Sale price, only ..........XZ41
EXTRA
The Washington times., 1921-02-08

and are engaged In the production OF
pig iron from native ores and coke.
ana the conversion OF the same into
steel In opsn-hearth furnaces. The
capitalization consists OF ozosov
shares OF no par value and the stock
is listed on tho New York STOCK EL
change.
The company IL said TO be In COM
Portable financial condition It's cash
position on August 81 last consisted
OF 81, 800, 900 cash. plus $0.oooooo In
ventories and s3.60o.000 receivables-
Its current liabilities consisted almost
entirely OF s2.l5o.0o0 accounts pay
able. Indicating working capital OF
l0.350. 900.
A report for the fun 1920 year has
not been made public. but In the eight
months to August 81 the company re-
ported a profit equal to about so.43 q
share. The last part OF the year
brought some readjustments. but IL 10
believed that the concern earned more
than the 81 dividend paid on the stock
and that the 81 rate will be continued.
The stock yields nearly Ii per cent
and Is, of course. a speculation
The Washington times., 1921-02-08
BALTIMORE GRAIN MARKET.

BALTIMORE, Feb. Sat the OPEN
ing of the Baltimore grain market
today the price of wheat showed de-
cline of Q cents per busheI. but this
decline was completely wiped out in
later trading. and just before noon
sales wer recorded I cent higher than
last nights close.
Number 2 red wheat brought 1.7sM,
as compared with S1.77h last night.
Number Q red. garlicky, sold at
S1.71. Last nights final price was
$1.70.
In spite Of the upward tendency of
the price of wheat, but very little new
business developed during the MORN
ing. The corn market was steady
through the early part of the ses-
sion. contract corn being quoted at rs
cents. with the demand light.
Receipts OF wheat today as report-
ed by tse Baltimore Chamber of Com
merce totaled 40.211 bushels; corn.
10000 bushels: oats, 1868 bushels.
and rye, 6s,sss bushels.
There Ia one hand in the grain ele-
vators here a total of 1.s34.025 BUSH
els of wheat.
Expotr business is not heavy at this
time.
The Washington times., 1921-02-08
LOCAL STOCK EXCHANGE.

The first sales of the new Wash
ington Gas IN per cent notes on the
floor of the. Washington Stock Ex-
change started today on the occasion
of the first listing of the security by
the governors, the price ranging from
100 to 101.
At the opening a $1,000 note sold
at 1904. after which one of the 800
denomination brought 101. Later after
call $500 of the securities were sold.
three of the $1,000 denomination and
one of $500 brought 1904, three of
the 500 denomination sold at 1O1,
and two of the 81 200 denomination
at 100.
Thirty-six shares of Capital Trac-
tion sold at So near the opening of
the session, after which ten shares
OF Security Savings and Commercial
Bank brought 200.
Following call, one share Of Capt.
tai Traction sold at S5, and two 81 900
Washington Railway Gen. SIS brought
0OA.
The Washington times., 1921-02-08
OFFERS BILL AIMED AT
HENRY FORD'S WEEKLY

ALBANY. Feb. "a bill to amend
the libel law to prevent attacks upon
the Jewish race was introduced last
night by AsscmbIyman Edward n.
Rayher, who said articles in Henry
Ford's Dearborn Independent had pro-
voked the measure.
Tho bill would permit recovery for
damages due to libelling "those be-
longing TO any race, religious denom-
ination, sect or order"
Some lawmakers said the biIrs pro-
visions are so broad a political party
through its officers might sue for
damages
The Washington times., 1921-02-08
PRODUCERS TOASK
RATE REDUCTIONS
Price Declines Have Led to
J. c. c. Appeal for Lower
Rail Charges.

Producers. hardest hit By price de-
ciines, are to wage Q vigorous fight
before the Intsrstate Commerce Com
mission for reduction OF freight rates
ON different commodity groups. IL was
learned today.
The effort of tho farm and prodoc-
Ing eiemsnts to readjust ratas 20
meet changed conditions OF the mar
kets, 10 based upon the expectation
that railroad revenues are due for
still further increases. The produc-
ers already are arranging TO get their
petitions before the commission.
The path has already been biased
for the producers by the live stock
interests. The cattle growers and
shippers maintain that continuance of
the rates which went into erect last
August. before the price decline set
In. will be- unjust and discriminatory
to the producers.
They ask that rates on live stock
shipments be scaled down to q more
reasonable level Counsel for the
live stock interests asserted that
other producing elements were In
sympathy with the movement. and
were ready to follow suit with pleas
for rate readjustments-
The Washington times., 1921-02-08
woOLwoRrn.

". G. F~-I have q few hundred
dollars 10 Invest In y. w. Wees-
werth Csopasy common stock. pro-
vided you think IL q fairly safe So
CURLY, j understand the common
STOCK receives B per cent per an
mum and that IL yields about 7.2o
per cent Has the company any
nxed dividend policy. and has Il
paid stock dividendsf
Answer>-F. w. WeslwertA Cs.-
pssy 10 the biggest and most success
ful chain store business In America
The company was incorporated In
ivll and owns and operates nearly
LOO and 10 cent stores In the
United states. about seventy stores In
Canada and the same number In Eng
land. The capitalization consists of
sIl 100000 preferred stock and S66.-
100000 common.
Dividends on the latter have been
paid as follows: 1912. per cent:
1913. Oh; 1914. o; 1915. 6k: 1915. 7x
1870. 1t has paid no stock divi-
dends- When the common stock was
nrst put on the market II was
charged that IL was all water or
goodwill. On December 81. 1919. the
net assets were equal to SAL per
share, after deducting goodwill At
500 100000. the amount OF the orig
inai issue of common stock. which
shows that the so-called water" has
been turned into valuable substance
through the processes Of highly eff-
cient merchandising metho.s. In the
eight years from 1912 to 1919 inclu-
sive. Woolworth earned an annual
average of 13.41 per cent on the com.
mon stock.
1t has q good Investment rating.
The Washington times., 1921-02-08

lent facilities for distribution Inland
by rail. because of it's great prepon-
derance of exports over imports, re-
leasing Numerous empty cars. he
pointed out the essential nature of
such prompt service In the distirbu-
tion OF perishable goods.
Impressive figures were presented
by George c. Smith, director OF the
Industrial bureau of the board of
trade. Investigations by the Ameri-
can Sugar Refinery. he said. show
that Baltimore Is able to distribute
to $4,000. 900 people In the Eastern half
of the country at cheaper rail rates
than either New York. Boston or
Philadelphia. Only in narrow strip,
made up mainly Of the New England
States. is this port at disadvantage.
he said.
The guests were welcomed to Balti-
more by Mayor Broening. Mr.. Duke
presided, and A. S. Goldsborough acted
as tOastmaster.
The Washington times., 1921-02-08
WANTS TREASURY TO
PURCHASE FARM BONDS

The Secretary Of the Treasury
would be authorized during the fiscal
year. 1s21-22, to purchase at par
and accrued interest. with any funds
in the Treasury not otherwise ap-
propriated. from any Federal land
bank. farm loan bonds issued by the
latter. under an amendment to the
agriculture appropriation bill In
troduce in the Senate yesterday by SEN
ators Glass and Swanson. Democrats.
of virNinia-
The amendment further provides
that such purchases shall not ex-
ceed the sum OF 500, 100000 and
shall be made only upon the recon-
mendation in writing of the Federal
Farm Loan Board. the bonds to bear
interest at the rate of per cent
per ennum.
The Washington times., 1921-02-08

trade of both Florida and California.
The success of the experiment over
the water route. Mr.. Duke said. not
only reduces the freight rates nearly
81 a hundredweight. but brings the
fruit to the Atlantic coast In better
condition.
Mr.. Goodwin, speaking officially
for the California association. when
controls the IT per cent of the fruit
crop of that State. said that the ex-
pertinent was a complete success. He
intimated that he will report back TO
the association to that effect. HIS
report probably will mean. he said.
that steps at once will be taken to
divide shipment between the raii ano
water routes. Baltimore, he said. VIII
get her full share of the business.
Austin McLanahan, president OF the
export and import board of trade. told
the visitors that Baltimore has excel
The Washington times., 1921-02-08
1. C. c. RATE RULING.

The Interstate Commerce Commits
sion has ruled that class and COM
modify rates may be increased 35 per
territory and the Southwest.
The ruling is an Interpretation of
the nationwide increase ordered by
the Interstate Commerce Commission
last summer.
Shippers protested 35 per cent in
crease put into effect asking that it
be only 33 1-3 per cent.
The ruling affects generally all
shipments between the Atlantic Coast
States and Now England and Texas
and neighboring territory.
The Washington times., 1921-02-08
Road to Issue Bonds.

Tho Chicago and Eastern Illinois
Railway Company today was given
authority by The Interstate Commerce
Commi ssion to Issue stock and bonds
ageregating sss.s71,150. The issues
include s+,2sb,0o0 principal amount OF
prior liens or first mortgage bonds
s32,15s. 900 principal amount OF gem
eral or second mortgage bonds; s2t,-
o3O.t50 par value of preferred stock I;
and s2b,soo,ooo par value Of common
stock. -
The Washington times., 1921-02-08
RAILROAD DEADLOCK.

NEW YORK, Feb. S.-The rail-
road labor conference in chicago 10
causing more uneasiness In the financial
district daily and It ID generally be-
lievsd that the sessions will drag for
several weeks to come
Refusal of the President to in
tervene- ID looked upon an an indi-
cation of his policy for the balance
of his term Of office. Brokers with
washington connections expece he
will refuse to handle any matters
that may be properly left. for the
incoming administration.
The Washington times., 1921-02-08
ADVANCING
WASHINGTONS INTERESTS
Fruit From Pacific
By Water to BaLto.

The praesbi making Baltimore and Phi.dsphis %
amounting approximately $1,000 carloads per year we. s sv
brought California through the Panama Canal
The bringing the fruit the Charles H. Crsmp owned p
Steamship Corporation OF banmore sn
yesterday luncheon at the Sennert ~
of the California Fruit Growers
the
Of Agriculture Of whom board the ship -. . -
Los Angeles to Phan IN
days freight 500 Of oranges and cases
Goodwin and Mr. Collins the fruit arrived IN
condition During the TIP Mr. Collins made numerous np
According the luncheon the event m one the
Baltimore
sad the freight and other difficulties
threatened to eliminate baimoe IRON snare In ~
The Washington times., 1921-02-08
STEEL LABOR LEGISLATION
ASKED.

The commission of Inquiry. Inter
church World Movement, has sent to
the presiding officers Of Senate and
House, and % individual Congress
men memorial demanding legisla-
ton along the lines Of the Inter-
church steel report.
The report gives as its principal
recommendation:
That the Federal Government set
UP a commi ssion for the industry, in
order to initiate free, open confer
ence between those who must always
be chiefly responsible for settlement
of the industry's problems-its own
ers and its workers.
The Washington times., 1921-02-08
UNITED ALLOY STEEL.

r. A. B.-Can you give me any in
formation regarding Unite Alloy
stee1f When was the company or
ganized? What is amount of divi-
dends paid and extent of capitaliza-
tion7
Answer-Unifed AlDsy Steel Cor
psrstion was incorporated in 1916, in
New York, and acquired the assets
and property OF the United Steel Com
pany. of Canton. Ohio, which was or
ganized In 1908. under the laws of
Ohio.
The plants are located at Canton
The Washington times., 1921-02-08
|. C. C. Approves Big Loan.

The Interstate Commerce Commis-
sion today approved loan OF s234,-
900 to the New Orleans, Texas and
Mexico Railway Company. to aid II In
providing new additions and better
ments. The company Is itself re-
auired to finance s234.00o to mset the
Governments lsan.
The Washington times., 1921-02-08
Calls for Bunker Coal.

The United States Shipping Board
today called for proposal for bunker
coal to be delivered at the following
ports: Boston, 1880 tons; New York,
10000 tons; Philadelphia. 10000
tons; Baltimore, 10000 tons; Norfolk.
$4,000 tons; Charleston. $4,000 tons:
Savannah, 10000 tons; Jacksonville.
$4,000 tons.
The Washington times., 1921-02-08
NEW YORK COTTON MARKET
Furnished By Thomson q McKinnon.
Seaboard Asks Bond Issue.
,hed By Thomson 4 McKinnon.

The Seaboard Airline Railroad
Company today asked the Interstate
Commerce Commission for authority
to issue S713.000 In first refunding
mortgage bonds and r,o77,000 In FIRST
consolidated mortgage bonds and to
pledge them with the Secretary OF the
Treasury as security for a Govern
ment loan. III
The Washington times., 1921-02-08
STEEL TONNAGE LESS.

The United States Steel Corporation
will issue its report on unified ton
mage at the close of January tomor-
row, and 1t is expected that a decline
Of at least 100000 tons will be shown.
On December 81 unified tonnage
WINS 6.148,122 tons, . decrease Of $751;
359 tons from November According
to current estimates the unified
tonnage on January 81 amounted to
approximately 1900. 900 tons.
The Washington times., 1921-02-08
FRENCH BANK TO
OPEN IN MEXICO

MEXICO CITY. Feb. THE
secretary Of the treasury. Adoifo
de la Huerta. has announced that
a French banking corporation.
whose name is not given, with
capital of 50.0O0,000 pesos. VIII
enter the field here Immediately.
He announces also that the
First National Bank of New York
is desirous OF establishing q
branch in Mexico City.
The Washington times., 1921-02-08
FURTHER REDUCTIONS
NECESSARY.

Despite the general belief that
Wall Street is largely responsible
for high prices. and continuation
of initiation, great number OF
traders are emphatic in their criti-
cism Of these high costs. They are
firm in the belief that no general
resumption in business. nor revival
in the stock market Is to be ex-
pected until the cost of living re-
acts further.
One prominent broker, connected
with several Industrial concerns, says
the outstanding feature in existing
prices Is coal. which he estimates
is selling so per cent higher than
It should. Steel prices will also
have to drop further. he maintains
and oil prices should recede about
50 Ia per cent from existing levels