davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-01-19
SPECIALTIES RULE
ON NSTOCK MARKET
Liberty Bonds Make High
Records for Year;
Marks Drop.

NEW YORK, Jan. is. - Transac-
tions on the stock exchange were in
smaller volume than has been the
case for several months. but in spite
of the general appearance of dull
ness the market was not WITHOUT
several interesting trading features.
The local traction shares. although
not quite as active as yesterday
were generally steady, and both
Brooklyn Rapid Transit and Third
Avenue made gains for the day,
Otherwise, the strength was con-
fined chiefly to specialties. General
Asphalt made new high record
since it's transfer to the stock ex-
more than four points. Endicott
Johnson, u. S. Food Products and
United Fruit were all quite strong.
On the other hand, points OF
weakness were furnished by the oils,
with the exception of California
Petroleum. and there was renewed
selling of-Atlantic Gulf on further
reports of new financing. The leath-
er stocks were strong. All Liberty
bond issues made new high records
for the year.
In the foreign exchange markets.
sterling. after opening weak, rallied
sharply to approximately yester-
days closing level. German marks
were somewhat weaker. Call money
ruled at per cent.
The Washington herald., 1921-01-19
BALTIMORE PRODUCE,

BALTIMORE, Jan. IS. - Eggs -
Western Maryland, Pennsylvania
and nearby. frsts. zoe; Eastern
Shore, Maryland and Virginia, frsts
zoe; Western (Ohio). firsts, zoe
Southern n. c., firsts, sc.
Live poultry-Chickens, young, BY
boat, per lb,. 35e; by express, Ib.
35c; old roosters, lb.. 2ec; old hens
over lbs. lb., 34a35c; do, small
Ib., 32a33c; White Leghorn hens, lb.
32a33c; young White Leghorns, l !.
lbs, lb., ,32a33c. ....
Dressed poultry-(Scalded un.
drawn, head and feet on): Turkeys
choice to fancy hens, lb., 57a5Sc; do.
mixed hens and gobblers. .b., 54a55c;
do, poorly dressed, thin, lb., 47a50c;
chickens, straight, young, lb., .35a
36c; doh mixed. young and old, h.
35c; ducks, choice, fat, lb., 34a35c;
geese, choice, fta, nearby. lb, 32a
35c; do, Southern and Western, b.
2Sa30c.
Turkeys-Choice, hens, lb.. 55a5sc
do, young gobblers, lb., 53a55c; thin
crooked breast, lb., 35a40c; do, old
toms, lb., soc.
+ Butter-Creamery, Western sepa.
rator, extras, 57a5Sc; do, firsts, 55s
SEC; Western prints. u h., extras
5Sa59c; do. ffrsts, 56a57c; Western
prints, / lb., extras, 5sa5sc; do,
firsts, 56a57c;. nearby creamery. ex-
tras, 4Sa5Oc; do, firsts, 46a47c;
dairy prints, extras, 2Sa30c; do.
firsts, 25az6c: Maryland, Pennsylva-
mia and Virginia store packed, firsts,
1Sc; rolls, West Virginia, extras. 4 sa
zoe; Maryland and Pennsylvania. ex-
The Washington herald., 1921-01-19
PRICES DECLINE
in WHEAT FLOOD
Big Houses Force Pressure
BY Unloading-Corn
Heavy in Tone.

CHICAGO. Jan. 1S.-Wheat closed
IL to 21z cents lower today. Short
covering brought about a big bulge
around midday. but when this buy
ing had run it's course big wire
houses poured wheat into the pit
and prices were unable to Withstand
this pressure. The market opened
with the undertone weak and early
in the session there appeared to be
little buying power aside from a
little demand which was believed to
be for seaboard account.
Corn was heavy in tone and May
sold to within cents OF the lowe st
point on the crop. Selling was gem
eral, hedgers leading the pressure
while long corn appeared to be COM
ing out through commission houses
and there was some selling by
shorts. The effect of all these
factors sent ,pfices- into tx cents
lower for the day. The domestic
shipping demand was not good as
yesterday. but a fairly good export
demand was in evidence.
Oats opened firm. aided by good
buying by a prominent commission
house and purchases by locals.
Pressure for cash interests, how
ever, and the break in corn tended
to undermine the morale OF the
longs and the combined selling
forced PRICES below the previous
finish. The close being - to 4
cent lower. There was a let-up in
the domestic demand and overnight
sales amounted to little.
Rye was IL to Z cents lower and
harley declined Z cents
Following are today's quotations:
The Washington herald., 1921-01-19

There's a case before the Inter-
state Commerce Commission which
apparently has received little atten-
tion from Philadeiphians, yet is of
decided concern to them. II grows
out of the move made by the South
ern Pacific to put into effect lower
rates than now IL receives on freight
between points tributary TO Phils-
delphia and points in Texas reached
by the Southern Pacific. -
This Is right and proper IL the
purpose is sincere, but there is d
question as to the sincerity of the
company in this instance. Tariff
circular Is A. rule Sc, of the Inter
state Commerce Commission, says
any line may, on proper application
and notice, establish any aggregate
than a specific through rate.
The Southern Pacific. has three
saiIings a week, New York to Gal
weston, and three sailings a week,
Galveston to New York. Its YES
sells are fast, very fast. There also
is an independent line known as the
Southern Steamship Company, that
has one. vessel a week sailing be-
tween Phifadelphia and Houston.
Today II the Southern Pacific gets
freight. say steel, from Lebanon.
Pa. to San Antonio, the rate is 20
cents a hundred. Lebanon to New
York, and a. cents a hundred CAL
weston to San Antonio, plus the wa
ter rate, while the Southern Steam
ship Company takes steel from Leb-
anon to Philadelphia at a charge
The Washington herald., 1921-01-19
COTTON MARKET
WEAK And QUIET
Liverpool Break Causes Re-
cessiOns Up TO 19 Points
At Opening.

NEW YORK. Jan. 1s.-In a quiet
session the cotton market was
weaker today, with most Of the
news bearish.
There was a break in futures at
Liverpool. There was scattered
liquidation OF January trading in
which will cease at noon next Tues
day.
Tho drop at Liverpool caused re-
cessions Of IL TO 1S points at the
opening of the local market while
the South was a buyer here, Wall
Street and commission house offer
ings more than supplied the demand
and prices continued to recede. until
net declines OF about 80 to 80 points
were established in some cases.
Firmness in January early was a
feature that option recovering an
initial loss OF Is points. advancing
from 317.55 to t17.70.
Spot here was quiet, with mid
ding IS points lower. at 1850;
there were no sales. Spot at New
Orleans was steady, with middling
changed at 15.25c; the sales were
2,4SS bales.
Receipts Of cotton in bales at
some of = the leading points today
were: Galveston. 2O,O06: New Or
leans, 1895; Savannah. 2.S22: Nor
folk. 5,SS3; Augusta. 2,4s4; Memphis
5.663; Houston. ll.5l5.
Following are todsy's quotations:
The Washington herald., 1921-01-19
PHILADELPHIA PRODUCE

PHILADELPHIA, Jan. 1S.-Butter
Steady at late advance Quota
tions: Store packed aksETAOIN
tions: Solid packed. creamery, fan
cy, high-scoring goods, 54a56c: ex-
tras, 53c; extra firsts. 51a52c; frsts.
4Sa4sc; seconds, 3Oa40c; sweet
creamery, choice to fancy, 55a57c;
fair to good, 44a54c; prime jobbing
at 62a64c for fancy and 49a61c for
fair to choice.
Nearby irsts. 74a75c per dsz.; near
extra irsts, 74a75c; do, firsts, 72a
73c; inferior lots lower; Southern,
72a73c; fancy. candled eggs -jobbing
at S7aSSc; fair to good, 7sssSc.
Cheese-Market firm. New York,
whole milk fats. fancy held, 2Sa
2sc; do. fair to good. held, 26a27c;
mon to fair, fresh, 22a24c; bong
gle. Daisies, held, 27R2Sc; do, fresh,
26a27c: jobbing sales Of fancy held
goods, 3oa31c.
Live Poultry-Fowls, fancy, 34a
35c2 medium, 32a33c; small and infe-
rior. 29a31c; white Leghorn fowls,
32a33c; spring chickens, fancy, roast
ing stock, weighing 4 lbs and over
apiece, 32a33c; ordinary. 2Sa30c;
white Leghorns. 27a2ec; shaggy
young roosters, 25a2Se; old ROSTERS,
22a2Sc: turkeys, fancy, 45a50c; do,
ordinary. 35a40c; ducks, choice, asa
4Oc; do Muscovy, 2sa30c; geese, 2Sa
32c; pigeons, per pair, 45a5Oc.
Dressed Poultry-Turkeys, fancy,
western. dry-packed, 56a5Sc; old
toms, soc: fair to good, IOa45c:
fowls in boxes. resh-kflled, 41za5
lbs. and over, apiece, 40c: Weighing
lbs, 39c; wsigSting 81. lbs, 80
a36c: weighing 3 lbs, 2sa32c; fowls.
weighing 4a5 lbs. apiece, 39c; weigh
ing 312 lbs, 31a34c: weighing 3 Bs.
and under. 2Sa30c; roasting, chickens,
western dry-packed, in boxes,
weighing 414a5 lbs. and over apiece,
Ssa3sc; de. weighing 4 lbs, 35a37c:
do. weighing 3 y lbs, 32a33c; do. in
bbls.. Weighing 4a5 lbs, and over
apiece. 35a37c; Weighing az, lbs,
apiece, 3ea32c: fryers, western,
weighing lbs. apiece, 2saa7c:
broilers, western, dry-picked, weigh
ing 1lRa2 lbs. apiece, 43a45c; broil-
ers, nearby, Weighing lAa2 lbs.
apiece, teafSc; roasting chickens,
nearby. weighing 4a5 lbs. apiece. 81
a59c; frying chickens, nearby,
weighing } lbs. apiece, 30a32c; old
roosters, western, 2sc; ducks. west
ern. fancy, 37s40e; geese. western,
3os32c; guineas, per. pair, spring, 81
alas; old, 75as5c-
The Washington herald., 1921-01-19
SOUTHERN PACIFIC R.R.
OFFERS LOWER RATES
Right to Do So Questioned by Interstate Com
- merce Commission.
BY RICHARD sPILLANE.

OF 14h cents per hundred and 20
cents Houston to San Antonio, plus
the water rate.
The application of the Southern
Pacific is being opposed before the
Interstate Commerce Commission by
j.. A. Morgan, traffic manager OF the
Houston Chamber OF Commerce.
There is reason to believe also that
the Pennsylvania Railroad has en-
tered. or will enter, protest. The
Houston people contend the South
ern Pacific is not acting in good
faith; that its purpose Is to dispose
Of the Southern Steamship Com
pany. and when IL puts that com
pany out OF business seek restora-
tion OF the present high rate, via
New York. Further. Il is argued
that, while the Southern Pacific Is
willing to cut rates or rather accept
lower rates from Pennsylvania
points to Texas interior points, via
New York and Galveston. than IL
receives today. IL is seeking higher
rates on intrastate traffic in Texas.
Whatever the facts may be as to
the Southern Pacifc's intentions.
one thing is clear as regards Phil
adelphia: The Southern Steamship
Company has developed business for
Philadelphia and has given a fair
service TO the city. II IL should be
sacrificed on the Southern Pscific's
altar no ether company is likely 10
enter the field and freight for Texas
that now goes by ship from Phila-
delphia will be diverted to New
York.
The Washington herald., 1921-01-19
new EXPRESS TO
SERVE SOUTHERN
Southeastern Express Is New
Company. B. Hockaday,
President.

Express business over the lines OF
the Southern Railway System and
the Mobile and Ohio Railroad will be
handled by the Southeastern Ex-
press Company, beginning March
l, 1921, it was announced from head
quarters of the Southern here to-
day.
The Southeastern is a new COM
pany, recently organized under the
laws of Alabama, for the purpose
OF conducting an express business
in the Southeastern States 1t will
have a capital of $1,000, ,o0o. owned
by Southern business men, will have
headquarters in Atlanta, Ga, and
will be managed by men who have
spent their lives in the express
service of the South. John B.
Hockaday, formerly vice president
and general manager of the old
become president of the Southeast
ern. succeeding Capt Charles A.
Myerly, OF Chattanooga, Tenn.
The decision of the Southern and
the Mobile and Ohio to contract
with the Southeastern for the
handling of express over their
Southern to be based on the firm
conviction that the South should
have an express company of its
own, engaged primarily in handling
business originating or terminating
in the South and operated for the
specific purpose OF affording the
shipping interests of the South an
express service in keeping with
their needs and responsive to their
wishes.
The new company will establish
Offices at all points reached by the
Southern and Mobile and Ohio and
will open an active campaign of
solicitation for express business Of
all kinds. both through and local.
Over the Southern and the Mobile
and Ohio it will operate on praeti-
cally 10000 miles of railway. reach
ing Washington. Richmond and
Norfolk on the East; Cincinnati.
Louisville and Evansville on the
Ohio River; st. Louis, Memphis,
Greenville. Miss. and New Orleans
on the Mississippi: the ports of
Charleston, Savannah, Brunswick,
Jacksonville and Mobile, and the
majority of the important interior
cities of the South, including Alex
andria, Lynchburs and Danville.
Va. WinstenSalem, Charlotte.
Greensboro, Durham, Raleigh and
Asheville. n. c.. Columbia, Green
VILE and Spartanburg, S. c., At
lanta. Macon, Augusta, Athens and
Columbus. Ga. Birmingham. Mont
gomery. Selma, Admission and Gads-
den, Ala, Knoxville, Chattanooga,
Jackson and Bristol, Tenn. Me
ridian, Hattiesburg and Laurel,
Miss, Lexington and ,DanYille. KY,
East st. Louis and Cairo, Ill: 1t will
also reach Baltimore by the boats
of the Chesapeake Steamship Com
panY. connecting with the Southern
at Richmond and Norfolk.
Mr.. Hockaday. who will direct the
operation of the Southeastern. has
had over forty. years of experience
in express service, in the <Soutl1.
The Washington herald., 1921-01-19
METAL MARKET.

NEW YORK, Jan. 1S.-.rhe fol-
lowing prices were quoted on the
New York Metal Exchange today:
Copper, spot. January. ofd. 13S
February March ofd. 13k, market
dull.
Tin (Straits shipments), Decem-
ber-January, 3314aS5k: January
February, 34a35&; March
SASS, market weak.
Lead, spot, January February
Old. 5A. market quiet.
Spelter (East st. Louis), spot
January, February, March and
April, old, 5.55, market dull.
Bar silver. domestic, 9sh cents
unchanged; foreign, 6Sb cents, un-
changed.
The Washington herald., 1921-01-19
NATIONAL BANKS Z
OFCOUNTRY ARE IN
GOOD CONDITION
Could Without Distress
Release u. S. Bonds
And Pay Debts. ~
DEPOSITS SHOWN
s22, ,0s1, $4,000 in Banks-Iu-
crease Is $780,
900, 1000.
DEPOSITS SHOWN

The Comptroller OF the Currency
said today: our national banks are
strong and well fortified. The hg-
ures show that all loans and dis
counts held by national banks. plus
United States obligations. exclusive
Of bonds held 20 secure circulation.
totalled less than . per cent Unfted
States securities now owned or held
as collateral largely exceed the to-
tai Of all money borrowed BY all
national banks from all reserve
banks" r's
His report also shows that the
total resources OF all national
banks on November Is. 1890.
amounted TO &22.OS1.sl5.OOo. an Sc-
tUsl increase since September s.
1890. OF over fls6.OOO, 900. The
total deposits on November Is
were over $4,000. 900. 900. an Increase
since September OF s2Os. .74s.ooO.
The proportion OF loans and dis
counts to deposits at this time was
72.5S per cent as compared with
74.11 per cent two months previ-
oUsly and 66.1S per cent in Novem-
Der. 1919
"A further analysis" says the
Comptroller, of the figures Of No
vember Is. 1920. as Comps red with
the statements OF all national banks
on March 4. 1918, four months after
the Rrmistice, suggests that therc
has been far less initiation Of credit
and loans. at least ss far as national
BANKS are concerned, than has been
popularity believed.
IF the national banks should sell
their U. S government bonds TO in
vestOrs and collect the money which
they are now advancing on them
they could as a whole pay every
cent they owe to the Federal Re
serve banks. whose earnings would
as a result be reduced approx
mately SlSo,O0o.OOO per annUm Un-
less they should find other means
for employinF their funds
The Washington herald., 1921-01-19
Note Is Negotiable.

BOSTON. Jan. 1S.-The instru-
ueut read, as follows: "On demand
after date 1 promise to pay to the
order Of A. NJ. S. $1,000, with in
terest at s per cent per annum. In
case Of SIS decease, the principal
TO be kept as fund for the Baptist
Sssiety at Westminster. Mass, in
to go to T. NJ. w. and in case
Of her decease, interest to go to said
Baptist Society" It was held that
the instrument was a negotiable
nromissory note containing an un-
conditional promise to pay the payee
at all events. II an instrument is
a negotiable promissory note. it is
imniaferiaI that no value Is ex-
prcssly stated.
The Washington herald., 1921-01-19

ments from elevators. $500 bu.;
stock in elevators, 47O.Ssl bu.
Domestic bssis-So. white. Sc:
No. white. 56lzC.
Cob Corn is in moderate supply
only and the market firm on q basis,
OF &4-SOaI IS per bbl. for prime
nearby yellow. on spot, with inquiry
fair on this basis. @FV
Rye-ReceipJs. 7S4s6 bu. Ship,
ments from elevators. 4O.725 bU- .
stock in elevators, S34,oTT bU.
Closing prices yesterdsy-So. 2
Western export, &1.S5lz per bu.: bag
lots Of nearby rye, as to quality.
$3.50
The Washington herald., 1921-01-19

BALTIMORE. Jan. lS-Wheat-
Receipts, 7I.252 bushels, viz: 46
bu. afiost and 71.206 bu. by car.
shipments from elevators, SS,5l2
bu.: stock in elevators, 3.O6s.llo bu.
Corn-Receipts. Ss.7S4 bu-, viX: -
bu. ahoat and sS.7S4 bu. by car.
Shipments from elevators. 1f4741
bu.; stock in elevators. 472,736 bu.
Oats-Receipts, 1911 bu. Ship
The Washington herald., 1921-01-19

knows the Southern people and is
thoroughly familiar with the pc
Culiar conditions surrounding the
handling of express traffic in the
southeastern territory. He is a ma
tive OF Moth Carolina; was located
in Savannah for ten years as sap
erintsndent of the Florida division
of, the Southern Express Company
and as general superintendent was
in Atlanta ten years. first as gem
eraI manager of the Eastern district
and then as vice president and gen.
eral manager. He is well known in
all important cities of the South
and is intimately acquainted with
the problems of express service in
each of them and throughout the
territory generally.
The Washington herald., 1921-01-19
COTTONSEED OIL.

NEW YORK, Jan. IS. = Cotton.
seed oil market was easier today
Spot, S.50aS.S5; crude (Southeast)
$50 Csales). Futures January
S55aS.S5; February, S.55aS.95
March. S.s5aS.ss; April. S.SsaS.s5
May, s.2Sas,2s;. June, s.25as.45; July
s.50as. so; September, s.60as.75.
The Washington herald., 1921-01-19
sOo,0Oo.O00


find of reducing the total
below the required by the departmental would be
to raise such large proportion from consumption and
other
One widely discussed by its alb
proposals This the
report than
discussion of this with considerable detail
Only OF these be
mentioned here
In the place. good authority
within billion dollars what such would produce The
Aggregate figures named for
With which
world months doubtful whether this
shifted the
sellers market Manufacturers
merchants constantly reducing their order
commodities all In declining market merchant
advance his this 1t thus becomes the
tax on every finished
the which
The small singleprocess manufactures
placed distinct disadvantage by having this
on each turnover of material
1t experience
considered discarded
The results France have been
in Canada fairly satisfactory the list of exemptions
great little resemblance the general
sales this
against this form taxation
nomicay unsound socially shift
from business and personal
OF will be paid by majority
OF the population whose income only sufficient for absolute
cessiieS.
may legislation the
Of this OF the
deserves Their deserve careful study
by The Washin Herald1
The Washington herald., 1921-01-19
BALTIMORE GRAIN.

~uou uohs Iufnlshed by ", 3. hlbbs
Co., Members New York Cotton E1chGnre
The Washington herald., 1921-01-19

There was accumulst tion Of Stude-
baker by Independent interests be-
low -. The sharp advance to- 56
evidently was q drive against The
shorts
The Washington herald., 1921-01-19
TAXPROBLEMS LOOMING UP.
National Industrial Conference to Meet
January Il. -. +

There problem the of
than observers OF public affairs of the
that the big majority the Republican candidates last No
vember largely of dissatisfaction with high
taxes and demand for Whether this Con-
faced with the difficult task OF revision system Of
but without material loss in revenue The question of
just how this burden of vital interest citizen
throughout the country
giving this matter In general
that constructive help
solution of the difficult problem.
One this direction has been that
Industrial Conference
called by this board April the
suggestion American Petroleum Institute and the American
Mining Congress After months of study the Tax
second conference called
October consider this After two days OF extended dscn
experts committee should complete
before the country after which third national
conference called This third conference will
held January and a. 1921.
Space brief statement of the committees
which reduce
These ID repeal of proh 2 reduction
least reduction OF surtax that portion OF
which has been saved and invested other than
securities 80 provision for the deduction Of net business losses from
OF succeeding preceding retroactive to 1918 The
reduction by these placed
SILL 100000.
of the committee makes three
() flat increase the corporation income
OF (2) tax
rstcas 90 and extension OF
consumption and non-essenas
The estimated effect of these changes the nations
the following table prepared from data contained the
mttee's
ESTIMATED DISTRIBUTION OF TAXES FOR 1921.
of Proposed Changes
The Washington herald., 1921-01-19
WALL STREET GOSSIP.

NEW YORK. Jan. ls.-In certstn
usually well informed quarters a
rUmoT has been persistent for SET
eral days that the United States
Corporation will announce q redue
tion in the prices OF its products
within the next two weeks -
cisls of the corporation decline to
either snirm or deny the report
The Washington herald., 1921-01-19

May ...... 400 1850 1887 100.
(ouotstiens furnished by W, 3. Hibbs 4
Co., Members Chie.ro Board Of Trade.)
The Washington herald., 1921-01-19

Bookings not only Of the inde-
pendents but OF the steel CoEpo-
ration are understood TO have
dwindled almost to the vanishing
point since the first OF January.
Warehouse men here report con
sumers firm in the belief that lower
prices must obtain. Sales at the
present level consequently are al
most nil.
The Washington herald., 1921-01-19

Following are tOday's Quotltioo.
The Corpus Christi caller. [volume] (Corpus Christi, Tex.) 1918-1987, 1921-04-10
Piece Goods

Om dress good department offers a
maze of tho season's most popular
material beautiful patterns In "a
pr0fHi0u of color Cor sumner This
One initial showing
The Corpus Christi caller. [volume] (Corpus Christi, Tex.) 1918-1987, 1921-04-10

InU MNIH f'
1Nr Hm. hurDH uU mref on
5000 NI II.
The Corpus Christi caller. [volume] (Corpus Christi, Tex.) 1918-1987, 1921-04-10
Sur cr Fvcks

Summer frook Just received They
ato fashioned OF Owandy Dotted
swe Ginohame and combinations
her materials Crisp, dainty and
mmery each with "a feature that
gives 20 an a.f 9f individuality