davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-08-14
CLOSING PRICES
RULE UNCHANGED
Cotton Market at StandstiIl
In the Absence of New
Developments.

NEW YORK, Aug. IS.-I the alb
sence Of any important new devel-
opments to influence fresh specu-
lative operations either way TO any
extent. the local cotton market was
dull today, with prices ending at
the short session little changed from
Yesterdays hnal quotations. The
market had firm opening. with prices
advancing 10 to IL points for Oc-
tober TO next March deliveries from
yesterdays closing quotations This
was mainly due 70 some local COW
erinE shorts and also TO some
Efforts on the part of the local andd
Wall Street bull element TO advance
the market on the much better feel
ing in Wall Street as contrasted
with the mast weeks uncertainty.
October sold up 70 1885 on this
rise. against 13& cents for Decem-
her end January, and Il cents for
March.
The market Immediately went of.
| however on some fresh local and
Southern liquidation. There was a
disappointing absence Of responsive
buying 10 the early bullish efforts
and the Census Bureaus monthly
| report on the statement OF Amer
lean mill consumption completely
failed to have any fresh stimulating
influence on the market. Prices went
of ? and s points below yester-
days closing before this selling
movement ran its course. with the
market ending dull and barely
steady. There were no Liverpool
Z q IN ~ hA hn1 IGN
there. and the better trade reports
from the local dry goods centers
and New England milling districts
were not reflected in any increased
trade buying On the other hand.
there was not much fresh bear pres
sure owing TO the continuance OF
the bad crop reports which have
been circulating throughout the past
r.eek. especially from Texas and
/ the Atlantic and Gulf States. South
ern spot markets were unchanged
from yesterdays prices. On the
whole. the dullness Of the trade
andd outside demand for cotton was
very disappointing 20 the bull ele-
ment particularly with the evidence
/ that every advance in prices seems
! to brisg out flesh liquidation and
selling
The Census Bureaus report OF
4l0l2O bales Of cotton consumed by
American mills for the month Of
July compared with recent private
estimates Of 42s.o00 bales. The
amount Consumed in June was 4s1.-
656 bal, S. as ccntrasted with 52S.+s
fo- the month Of July last year. Mill
stocks at the end OF July were l.
1850 bales. against 1.S5s.l47 last
year with the stocks Of cotton in
public warehouses and at congresses
in the South on July 81 tota'inc
3.7.4.512 bales. against 2,o55,ol5 last
year.
The Washington herald., 1921-08-14
BANK CLEARINGS.

Although bank clearings still show
marked contraction as compared
with this period in the two immedi-
ately preceding years, the aggregate
for last week at twenty cities in the
United States of S5,377,431,446 shows
some slight curtailment in the de-
crease as contrasted with recently
preceding weeks. With stock mar
ket operations, which always ma
terially affect bank clearings, at
the minimum, the falling Off at New
York City of 1874 per cent. from last
year and of 30.1 per cent. compared
with 1919. may be regarded as a
not wholly unsatisfactory reflection
of the current volume OF general
business transactions, especially
when consideration is given to the
drastic decline that has occurred in
the prices of most leading COM
modities. Every city outside New
York reports smaller clearings than
in 1920. and the loss compared with
that year in the aggregate of all
points amounts to 26.S per cent, and
while some cities report a gain over
this week two years ago, the i'm
provement in this respect is more
than offset by the losses at the re-
naming centers, so that the total of
all outside cities shows a decrease
of 24.4 per cent
The Washington herald., 1921-08-14
COAL ACTIVITY
FEATURES CURB
Glen Alden and Farrell Coal
Conspicuous in Weeks
Trading

NEW YORK. Aug. IA feature
OF the New York Curb Market
during the past week was the
activity In the coal group, Glen
Alden ranging from 35% to 34h
and Farrell coal after advancing
to 1917. yielded TO Tx. Southern
coal was in increased demand and
ranged from rs to 3. There was
initial trading in South Porto Rico
rights at Y. Tobacco products ex-
ports was unsettled by reports OF
change in the company's operations
and that stock declined from 5R
to s. Weakness was shown in q
number of the motor stocks, Durant
motor yielding from 2sA to 2s&
Packard motor sold at and the
preferred stock at 81. Peerless was
in good demand and moved up from
2sk to 30k. Goodyear Tire also
showed a strong tone ranging from
1873 to 13k. Transactions were
made in the new North American
issues, the common selling at 80
and the preferred at SO. There was
moderate amount OF business in
Chicago and Eastern Illinois at 10
and in the preferred at 80. Inter
continental Rubber after holding at
TX during a good part of the week
yielded to SA. Columbia Emerald
yielded from II to 60c a share.
The Petroleum group was heavy,
although some issues found support
after declines. Cities Service sold
down from III to ia, and Imperial
Oil defined from 10 to Z. Arkansas
Natural Gas was another weak fea-
ture. falling from 81 to S%. Mara
caibo after yielding from 20k to
1871, rallied to 20. Simms Petroleum
sold down from 6& to 6.
There were heavy trading and
irregular movements in the mining
stockA Boston and Montana was
one Of the strong features, making
substantial advance. while Eureka
Croesus was in steady supply all
through the week and had a severe
decline. Goldfield Florence and
National Tin were both actively
traded in, but declined at the end of
the week.
The Washington herald., 1921-08-14
FOREIGN EXCHANGE.
QyrnisAsd By American Security ~
Trust Co.l

sDraw only in L. 8. dollars.
The Washington herald., 1921-08-14
FAILURES LAST WEEK.

Commercial failures last week In
the United States, as reported to
i. @. Dun q Co, numbered sgI. an
Increase Of 80 compared with the
32s of the previous week, and q
pronounced gain over the abnor-
frally small total of 1855 for the cor
responding week last year. De-
fr ults in the East, 100. are consid-
erably larger than the previous
weeks total OF 50. and the returns
from the West show an increase,
while those from the South are un-
changed. On the Pocific slope. the
number, 80, is Q decrease from the
previous weeks total Failures IN
vlving $4,000 or more show a small
decrease from those Of the previous
week. Compared with those re-
turns. there 10 not q very large
change in the ratio, az these sus-
pensions represent So per cent Of
the whole. as against s0l2 per cent
Defaults in Canada last week
were slightly smaller than for the
previous week, SO comparing with
80. and II last year. OF this total.
is had liabilities Of $4,000 or more,
or 8 less than the previous week
but 10 more than for the corre-
spending week in 1890.
The Washington herald., 1921-08-14
FIGURES
GAIN SLIGHTLY
Generally Bullish News Holds
Crop Within Narrow
y Limits.

CHICAGO, Ill. Aug. 13.-Wheat
Prices held within narrow limits
turing the early trading and while
[he news was generally bullish the
continued lack of speculative inter
st caused il to have little effect
slthough sentiment is almost
unanimously bullish. he cash sit
SatIon attracts great deal OF at
ention as the demand for the Sea-
hoard continues ctive and the cash
+rain has been gaining steadily on
HE September. At one time the
|Rtter sold at 3-4 cent under De-
Iember and there are many who
fxpect that before long 1t will go
Ii premium. Vessel men here
HAHN that sixteen boats will load
.heat for the East here next week.
Yesterday 7s4,O0 bushels of wheat
eared for Buffalo and $4,000
EIshels for Canadian ports Fore
ast was for light frost in low
aces in North Dakota and North
m Minnesota tonight with a light
sost reported at Moose Jaw. Sask.
I,me wheat was sold to the Sea-
&aord from here today. o business
as reported at the Seaboard early.
Iountry offerings to arrive remain
kyht an dwith smaller consign-
eft notices receipts next week
r. expected to show q further
hing of.
HDecember corn sold at a new low
nthe crop today under scattered
,mmission selling while the Sep
Timber showed fair strength with
Ither persistent buying by cash
buse. Export demand continues
ltiye and further sales were made
Ibm here late yesterday that were
u reported although there was
b, 900 bushels given out Country
erings are good but find ready
Myers at a good premium over the
ptember. rop reports were ra-
er favorable and a light frost
uld have little effect on the grain
the northwest Oats were
aker an dIower with a new low
the crop for the september
hich declined to below S6 cents
the first time. Trade remains
~ light and while the crop in
rth America 1 sshort no outside
,ing is coming. into the market.
porters have been persistent
Srs Of ry of late.
Provisions were steady to stroug
n some buying of lard credited
kers- Cash demand reported as
~ good with 100000 pounds
sold yesterday Hogs were
a>-ts hi<hAx .IEith racAipts
The Washington herald., 1921-08-14
CANADA NOT SUITED
FOR U. S.FACTORIES
Capitalists Find That Oper.
ating Expenses Are High
er There Than Here.
Especial Correspondence Of rhs Washington
Herald and New York Evening Post,l

Especial Correspondence Of The Washington
Herald and New York Evening Rost.l
TORONTO. Aug. 13.-During the
last twelvemonth Canada has. ap-
parently not proved so attractive
a field for the location OF United
States factories and branch busi-
nesses as during the preceding two
yearss. Reaons for this decline have
just been furnished by some Of your
manufacturers who had been con-
templating building over here. While
the rate of profit would probably
be greater here than that expected
In your own country for the next
year or two, owning to our slower
degree Of defiation, these men feel
safer in arguing that as great a
business depression may be expected
here :-s in the States, however long
1t may be delayed. 49,.
The prospect, therefore, for i'm
mediate profits must be weighed
against the greater cost of pro-
duction here, where wages are, on
the whole, higher than on your
side Of the line, where taxes are
heavier and the cost Of land and
building Is greater. In fact, a Cleve-
land manufacturer, recently look
ing over the ground in Toronto, de-
cided that the two items Of heavier
taxes and higher wages demanded
here would represent overhead
charges fully 10 per cent greater
than IL the same business were b uilt
and operated in his home city. What
deferred this manufacturer has re-
strained many others from building
in Canada this year.
The Washington herald., 1921-08-14
New Wheat Crop.

CHICAGO, Aug. I5.-On the has ,
of the present government estimst.
Of a total wheat yield Of 757.6ae
O00 bushels, with a carry-o-er from
last year OF $1,000, 600 bushels. th"r"
will be total domestic supply -
wheat this season amounting Y"
Sls 00o. 600 bushels. n domestic con
sumption and the quantity SGT aSisl'
for next years seeding amount Z"
500. .oOO.o bushels. there should b.
surplus for export OF some 20Q
600 900 bushels. with an allowance
Of 100000 bushels for a safe carry
over. The August estimate Of 49,. -
600. 900 bushels is 10000 goo bushels
below the previous hve-year averaE'
The Washington herald., 1921-08-14
Redmond Company
MOUes to NelD Home

Redmond & Co, investment bank
ers and members Of all OF the big
stock exchanges. are transferring
their Washington offices tomorrow
moning from the present quarters
aS s27 Fifteenth street northwest to
he new Redmond Building at 1916
n street northwest.
The new banking house was
built for Redmond & Co by George
y. Ray and 1t is one OF the most
beautifully finished establishments
in Washington for al investment
banking house. The firm will oc-
c1py the first and second floors
The upper flors have ben designed
for private apartments to be occu-
Pied by members Of the Washing
ton organization.
The Washington herald., 1921-08-14
COMPLETE NY. BOND SALES
tw Hssss s,zs M..s.r. n r. s..A ExeA..ss,


SSS2000
year s1osi1ssooo
security and M List q Bond sales
The Washington herald., 1921-08-14
Fawn Oil Case Dismissed:

The Federal Trade Commission
has dismissed an unfair competition
against the Fawn Creek
Oil and Gas Company, with offices
at New Orleans, La.
Evidence offered at the trial of
the complaint, which alleged false
odvertising in the sale of the COM
pany's stock, failed to sustain the
allegation, and the case was dis
miEsed by the commission on it's
own motion.
The Washington herald., 1921-08-14

5000 and $4,000 are expected Mon
day with 10000 for all next week.
Later will compare with week and
38S,OO0 last year. Money steady
call 6, time 6a6 1-2. Exchange par.
Vests
wheat-Open. High. Low. Close. Close.
The Washington herald., 1921-08-14
STEEL PRODUCTION
NOW INCREASING
Output Reached Lowest Point
In July Since Panic z
OF 1907.
SPECIAL osrsspendsncs q To w.shanrts.
Herald and Nev Yerk Evsninr pest.)

Cspecial oenespendsnes q Ths vashi.rtsa
Hsrah and rev Tea Evsntns fest)
PITTSBURGH. Aug. Is.-The
American Iron and Smelling In
stItute's report on steel -ingot pro-
duction In July shows that mill
operations averaged q slightly
higher rate than was estimated. a.
the report iniicates that produe-
ton was at about 21 per cent or
capacity during July and esti-
mates had been that the A. srarN'
was q trihe under 20 per cent. A.
there was slightly decreasing pro
duction early in the month and q
tendency to increase in the pasI
three weeks. IL may be taken that,
with an average for the month OF
2l per cent the low point was Il
or lS per cent at the middle Of the
month, with August opening at o
rate of - or 20 per cent As con
ditions continue to improve slowly.
there may be q rate of Is per cent
by this time and a rate of 30 per
cent by September / is far from
impossible.
No more than a very slow in
crease is attributable TO consum-
ers running out of stocks rather
than to ultimate consumption in
creasing materially. Steel produc-
ton lately has been below a nor
NAL relation to the volume Of act
ual consumption. There is a strong
probability that the July rate OF
steel ingot production. about IL
100000 tons per annum, will never
again be touched. II lies between
production in 1900 and production Ia
1901. but for a short period jusI
after the panic Of October. 1907. IN.
rate was probably slightly lower
At that time mills held up ship
pnents on some customers who did
not themselves order suspension
fearing as to their credit. The July
rate was lower than any one could
have conceived possible until n
very few months ago.
The July production. at about -
per cent OF capacity, wss probabI,
made up OF approximately a rs pei
cent operation by the Steel Cor
poration and an average of Is pes
cent by the independents, SOM
small independents being closed
entirely.
The Washington herald., 1921-08-14

PITTSBURGH. Aug. l3.-Export
trade in steel continues extremely
light. A conspicuous exception is
the demand from Japan for very
light steel sheets. which are gal
vanized in Japan and are used
largely in building construction %
keep out rats. This trade has been
fairly good for several months,
The Steel Corporation is now NIL
ing an order involving 5000 tons.
The large pipe contract for Bom-
bay, under negotiation for some
time past and involving some
10000 tons. is understood TO have
gone to British makers. who would
be willing to make a very close price
to re-establish their trade.
The Washington herald., 1921-08-14
Cities Service Dividend.

Cities Service Company has de.
clared the regular monthly devil
dands of Il of l per cent on the
common, preferred and preference
b. stocks. payable in scrip. and
also the dividend of IN per cent
on the common stock, payable in
common stock scrip. All dividends
are payable September I to stock
holders Of record August Is.
The Washington herald., 1921-08-14
LATER DEALINGS
WIPE OUT EARLY
STOCK ADVANCES
Shorts Hesitate in Enter
ing Large c Commitments
Over Holiday.
U.S.RUBBER WEAKER
Rails Neglected, While Mex.
Pete and u. s. Steel Dis
Fsy Strength.
U.S.RUBBER WEAKER

NJ NEW YORK, Aug. 13-The ac-
rion of the stock market in today's
short session proved quite cOnclu-
siveiy that the statement given out
late yesterday on behalf of the
bankers dealing with the Mercan-
tile Bank of the Americas situa-
ion had been thoroughly discount
ed by the advance in stocks on Fri
day. Only for a few minutes this
morning did II appear as IL the re-
cOvery would be carried further.
Stocks advanced fractionaly with
out any great volume OF trading.
but subsequently forfeited most OF
the early gains. The fact that the
general list Of industrials was not
unsettled by further selling of an
extreme weakness in United States
Rubber and Central Leather was
probably due to hesitance on the
part of shorts to enter into any
large commitments on the eve of
trading holiday. Railroads were
practically neglected and just bare
" held their ground. Strength was
shown is Mexican Petroleum and
United States Steel.
The same condition of dullness
Twas seen in other markets. notably
in cotton and grain. In the early
dealings cotton moved up 10 to IL
points, but yielded later because
fhere seemed to be little responsive
7uying power. Wheat acted in q"
keculiar manner. advancing y in
rhe first hour. but forfeiting this
gain before the close.
Liquidation.
Further liquidation of loans was
he outstanding feature of an 9th
eryise colorless weekly statement
of the clearing house banks. That
item was brought down S41 .246, 900.
while net demand deposits showed
an increase of s11.o31. 900 The loss
,of member banks reserve at the
fFcderaI Reserve Bank was insig-
nificant. amounting to only S2.73s.-
1900. The net result of changes in
The items which determine the banks
reserve position was a loss of So
l76,340 IN surVius. bringing that item
down to s15.s03.s50.
Road Earnings.
Railroad earnings show the eects
OF the grain movement, and the
added cash accruing to the carriers
will thaw more frozen credits and
help industry and employment gen.
.rally. Cotton exports have increas-
I'd materially and this means a bet
;er situation In the South. General
consumer buying in anticipation of
the colder weather is also on the
rsfds.
New. from the foreign markets
also remains favorable. Our Eu-
ropean customers have benefited by
The rise In exchange. while the grad
ual Improvement in the rates on
the Far East has continued. Grant
nz of loans to South American coun-
tries has been followed by further
appreciation in the dollar value of
their currencies. Taken altogether,
therefore, the weeks Developments
have not been such as to suggest
an increasing difficulty III the earn
ng OF profit by business, but rather
the reverse. What has happened,
then. seems to be that a switch in
The trend OF professional operations,
which was based on the technical
position OF the speculative markets,
nas diverted attention from the
more fundamental factors in the sit
pation.
The Washington herald., 1921-08-14
Vests
Japan Buys Steel.

Furnished ty ". .. Hibbs 4 Co.. member
New York Cotton E1ehInse.l
The Washington herald., 1921-08-14


sganst 493oo yesterday l30 go
week 133,03o a and holiday two
date 107 9oo against 43 1859
ago and lss. s.O49 1854 years
'Seler
The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1921-12-01

Storey it is the largest and incest
head ever brought in~in Minnesota.
It has 61-inch spread and there are
AZ points. Mr.. Nelson will add the
trophy to his present collection at the
Lutsen summer resort.
Mrs. Elizabeth Lind of Lutsen is
in Grand Marais. She recently re-
turned from a Two Harbors hospital
where she was treated for some all
ment Of long standing, and which
treatment or operation was made pos
sible by her friends giving her a ben
eft dance and supper at Lutsen on
October Is. Mrs. Lind wishes to
take this means of thanking the peo-
pie of this county for their friend
ship which was expressed in this sub
stantial way. Her health is much
better and she hopes to recover en-
tirely in a short time.
The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1921-12-01
Parents and Teachers Meet.

The Parent Teacher Association had
it's regular meeting at the school
house last Friday evening. Although
the weather was rough, a fair num-
Der were out to the meeting. The
president, Roy Divers, presided, and
after the community singing which
was enthusiastically participated in
by those present, he gave report
of his trip to. the M. E. A. meeting
in St. Paul, according to schedule.
Mrs. J. C. Murphy then tread paper
on allow to Study Our School, and
G. F. Lundquis' followed with a dis
cussion of the subject. Remarks
were made by some others in the
upen discussion which followed. One
important suggestion in Mrs. Muir
phys paper was to study your school
as you would like an outsider to
study your home The outsider
would be welcome in your home only
in case he meant to help you better
home conditions
After the musical and literary part
of the program came the social hour.
Mrs. Hussey and the other members
of the social committee lived up to
their regulations by furnishing very
tasty refreshments.
The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1921-12-01
SHERIFF'S SALE
State Of Minnesota, County of Cook.-ss.
DISTRICT COURT
Security State Bank, Sha kopee
Minnesota, a Corpora ton,
~ b. McMan11s

NOTICE IS HEREBY GIVEN, That
ed and delivered. and now in my hands,
issued out of the District Court Elev-
enth Judicial District, State of Mime
sofa, in and Tor the County of Cook,
upon a judgment that was rendered in
said Court in favor of Security State
Bank, Shakopee, Minnesota, a corpora
ton, plaintiff, against T. B. McManus,
defendanI,/ on The goth day of October,
1917, [ have levied upon the following
described real property Of said defen-
dant, tO-Wit.
Lot j, Section q and Lots 3 and 4
and SEA of NV Il of Section %, Town
ship Cd North, of Rang 3 West,in Cook
county. And that l shall, on Friday, the
the hour C, Of 10 o'clock a: n: Of said
Court House in said County and State,
proceed to sell all the right, title and
interest of the above named T. B. Nc
Manus, defendent in and to the above
described property, to satisfy sa id
Judgment and costs, amounting to
Seventeen Hundred Fourty-nine Dollars
and 68 cents, together with all accru-
ing costs Of sale, and interest on the
same from the Goth day Of October,
1917, at the "ate of per cent per an
mum, at Public Auction, to the highest
bidder for cash.
Dated, Grand Marajs. Minn., oct G.,
1921.
L. H. Lien, Sheriff,
Cook. Co., Mimi.
Finlavson & Watts,
Plaintiffs Attorneys,
1st National Bank Bldg,
Duluth. Mimi.