davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-08-17
TRADERS BEARISH
In CURB TRADING
Prices Yield From Fraction
To More Than Points.
Offerings Large.

NEW YORK. Aug. l6.-Traders In
Curb securities were in a bearish
frame of mind today. and offerings
were in larger volume. with the
result that prices yielded from frac-
resentative issues. Several new
low marks for the current period
were made. While there was some
recovery in the afternoon. due 10
short covering. rallies were feeble
in most instances. and the closing
ruled heavy. Some selling for pub
lie account occurred. but the bulk
of trading was for the account OF
professional clientele. \ bearish
construction was placed on general
news. and in the absence Of outsioe
support prices yielded quite easily.
Glen Alden Coal was especially
under pressure during the forenoon.
with a decline of RpproXims tely ;
points to S1ls. Some support was
rendered the issue in the afternoon.
but the price did not respond will
ingly. Durant Motors. while quiez,
was somewhat 'asier in tone. and
other tire and motor issues re-
acted. Peerless Motors sold off u
fraction to 2aE early. hut subs--
quently made up some of the loss
Tobacco stocks were lifeless and
the same was tue Of the candy
issues.
Independent Oils modified their
levels all around. with several
reaching new lows for the move
ment. Carib syndicate went under
4. and Mara. aibo Oil ruled under
20 Simms Petroleum moved around
u. StarCard OH OF Indiana dropped
a fraction early. chen made up
mrch of tie loss in the afternoon.
Mining stocks were quret as c
whole. although Boston a-d Nov
tana. Eureka Croesus and GoldRelA
Florence presented siZeable turn
overs. Bonds were soft. with the
1nterbnrough as easing slightly
from: the high of 7s registered in
the closing DEALINGS yesterday.
The Washington herald., 1921-08-17
SIX ARMY CHIEFS
GET NEW POSTS

Six general officers we're ordered
to report to new assignments yes
terday by Secretary of War Weeks.
Brig. Gen. E. NJ. Lewis was re-
lieved from his present appointment
effective upon the, departure of the
third division for Camp Lewis,
Wash. and assigned to the fourth
brigade second division.
6, Major Gen. c. II. Muir, to be re-
HEyed - from assignment Of :, the
fourth division. and assigned, to the
.Gapimand Sof the third division at
cafnr .IIewis! -. &.s!::4
Il Br3gsTGen.S George b. Duncan, re-
liexed; from his present assignment
with the 8 fourth division and as
signed to the fifth brigade, third
division; Camp Lewis. ~ X.
Brig. Gen. T.. NJ. Blatchford, re-
fieyed from his present assignment
with the fourth diisien and AS
signed to, command. OF Vancouver
barracks 49,. +
Brig. Gen. W. ]. Sageyill. re-
lieved from present assignment
with the sixth division and as
signed to command at Fort u. 4.
Russell.
Brig. Gen. $. u. Sturgis will. b..
relieved from his present assign-
menf with the fifth division and
assigned to command the Panama
Canal division. - - ,
The Washington herald., 1921-08-17
APPROVES issue
OF PEPCO' BONDS
Utilities Commission Deducts
S264,SS4 From Total of
$2,500,0OO Asked.

Approval OF the issuance of bonds
to the amount OF $2.235.115.l7 by
the Potomac Electric Power Com
pany was ordered yesterday by the
District Public Utilities Commits
sion after consideration of the COM
pany's application for a s2.5o0.eOo
Issue.
Two items in the company's orig
inal application. involving $685.
ss4.S3. were deducted by the COM
mission on the ground that they
we're irrelevant and would tend to
Increase the annual contribution,
now already large. which the con-
sumers of the Potomac Electric
Power Company make toward the
support of the Washington Railway
q nd Electric Company"
These items were sS3.5sS.T9. as
signable to street railway opera
tion s1Sl.2s6.0I. for amount of debt
discount and expense OF previous
bond issue already smortized.
The proceeds Of the bond issue
will be used to reimburse the COM
y.
betterments and improvements to
the property and equipment paid
for from current funds of the com.
p&ny, and for paying in part for
the estimated cost OF extensions.
additions. betterments and Improve
ments of the company's property
and equipment to December 81, 1921.
The bonds. which are TO be per
cent twenty-year series. are to be
secured by a mortgage on the com.
pany's property. rights. privileges
and franchises, subject to the ex-
isting. liens. The commission sets
forth in the order approving the
issue that the copy Of the COM
pany's mortgage was not sub
mitted and that II has no Informal
ton concerning its terms and
conditions. and that the order ap-
proving the issue is based entirely
upon the knowledge Of the COM
pany's needs.
The Washington herald., 1921-08-17
LFELESS TONE AT
COTTON'S CLOSE
Practically All Transactions
Are COnsummated in
Early Hours.

NEW YORK. Aug. Lett seemed
that all the trading in the cotton
market was consUmmated soon af-
ter the CALI for the market be-
"ame stagnant and liTeless in later
trading. The opening. to s points
lower. rejected generally poor
speculative" demand. spasmodic
cotton goods market in this coun-
try and abroad. and some improve
ment in the weather conditions
ever some portions Of the belt.
Prices later in the day were quite
steady and practically at the pre-
rious closing levels
In India the mUnsoons became
stronger except in the West and
North. while the Punjab district
welcomed break in the wet
weather. In France 10000 textiles
wopkers voted to strike today, re-
using to accept a ut in wages In
the sam" country /; is proposed
that the government stimulate the
expectation Of textiles with funds
accumulated from the cotton con-
sortium. war organization In
Manchester district trade was neg
lected ant buyers seemed rather
skeptical about following the ad-
vance. In New England the report
is current that mills in this dis
trict have consumed for the sea-
son below l.sGO.OO0 bales Of cotton.
whereas normal consumption is
over 100000 bales.
1t is the Concensus Of rp:nion
among commission houses. that the
On 49,. fs.-. i
will prove the most advantageous
for profits but most Of the big in
terests and market experts advise
traders TO watch the weather and
weeVil developments the willing
ness Of the South to SOL. the volume
of cotton which as bought lay Eas-
tern and southern mills about the
lS cent level. and :he many signs
of improvement in Manchester
trade accounts. To-day Manchester
sold in the New York market.
Our Washington correspondent
says yesterday that witness be
fore orr Congressional Committc,
inveStigF ting agricultural Comdi-
tions advocated the advancement
by the government OF IS per CEN
bale on cotton to enable planter"
to bridge the low price period
Newspapers throughout the Sor'N
talk rersistently Of the activity Of
chambers of commerce becoming az
gressive in work that may Lad to
the expectation of southern farm
products. Through the educational
campaign Of the Department Of AZ
riculture the Southerner is learning
the advantages i'm diversifyinC his
agricultural activities and il is re-
ported that the area of the eleven
crops exclusive Of cotton through
the South is showing a marked in
crease
The Washington herald., 1921-08-17
Court Won't Interfere
With War Claims Body

The District Supreme Court,
through Justice Frederick L. Sid
dons. declined yesterday TO add
anything more to the troubles OF
the claims board OF the War De
partment by ordering it TO hear
out Of regular order anyon" Of the
80. 900 claims now pending as a re
suit Of contracts for war supplies
cancelled after the armistice was
signed.
In very emphatic language the
court refused a writ Of mandamus
to the Morgan Eng Ineering Com
pany. Of Alliance. Ohio, to compel
the board To hear an appeal in a
claim case involving $4,000. de-
claring il impossible for either the
Secretary at Mar or the claims board
to hear Immediately each OF these
cases individually and read and
consider tn, enormous records in
NolVcd.
The Washington herald., 1921-08-17
REVENUE FREIGHT !
LOADING SUFFERS
ll,7S9 CARSLOSS
Totals for Week Equal
7S4,7S1, Denoting Huge
Decrease.
GRAINS BIG FACTOR
Decline Due Principally 10
Falling of in Loading of
Grain and Products.

A reduction OF I1.7S9 in the num-
Der OF cars loaded with revenue
freight during the week which
ended August 8. compared with the
preceding week. was shown by re-
ports just received from the rail-
roads Of the Omitted States BY the
car service division Of the American
Railway Association.
The total for the week was
7S4.1S1 cars. which was a decrease
Of 1J0.94y cars compared with the
corresponding week last year and
S7.2Ss cars under that for the CORE
spending week in 1918.
Due Mostly 60 Grains.
fluctuations show that the de
crease. con'oared with the previous
week. was due principally 10 fall
ing OF in the loading Of grain and
grain. products together with a re-
dUction in the number Of cars loaded
with coal and merchandise and
miscellaneous. freight which in
cludes manufactured products.
Tho loading OF grain and grain
products totaled 5S.622 cars. which
WAS 1874 cars below the total for
the week before. but IL was Zl,45S
cars in excess of that for the CORE
spending week in 1920. TaperIng
of in the movement Of grain and
grain products. however. Is to be
expected from now on in view OF
the fact that the harvest season Is
rapidly drawing to a close in the
Middle West.
Coal Loadings Also Reduced.
4 reduction OF 3.sI6 cars was
also reported in the number loaded
with coal during the week COM
pared with the week before the
total being 1873 cars. This was
5l.456 cars less than were loaded
during the corresponding week last
year. Loadings Of merchandise and
scellaneous freight were I72bto
cars or 2.@4l car. less than were
loaded during the previous week
and 1865 cars below the total for
the same week in 1920.
An increase Of 1882 cars was re-
ported in the loading Of live stock
which totaled $3.50 cars. while coke
lOallnRe were fs-lb Cdrss an ~
crease Of l07 cars over the week
before. Reports showed 3e.o5s cars
loaded with ore which was an in
crease within a week OF 1855 cars.
A total Of 1890 cars were loaded
with forest products. which was q
decrease OF 1852 cars compared with
the week before.
Except for grain and grain prod
ucts and live stock. decreases were
reported in the number OF cars
loaded with all classes Of COM
modities during the week compared
with the corresponding week In
1920.
The Pocahontas and Northwest
ern districts were the only ones to
show an increase in the loading OF
all commodities compared with the
previous week. while the South
western was the only district 10
show an increase over the CORE
spending week last year.
The Washington herald., 1921-08-17
TARIFF ON SUGAR
THREATENS CUBA
Financial and Economic Fu-
ture Will Be Impaired,
Says Desvernine.

The financial and economic flu
ture Of Cuba is threatened by the
proposed duty in the Fordney tariff
bill of cents a pound on sugar;
furthermore, the expected revenues
would not be derived therefrom and
the American consumer will pay
:. higher price for sugar without
any increase in revenue to the,gov<
eminent. according to a statement
by r. E. Desvernine, Of Hornblow-
er. Miller and Garrison. New York
City, counsel of the Cuban COM
merciat mission now here. Mr.. Des-
vernine points out that higher du-
ties are not needed to protect sugar
production in the United States, but
have for their avowed purpose the
creation Of new unnatural indus
try in the United states and the
stimulation Of the same at the ex-
naRse, Of llhan. production"
The Washington herald., 1921-08-17
UNDERGONE
TO WHEAT MARKET
Corn and Oats, However, Sink
To New Low Averages.
Price Range 2 Cents.

CHICAGO, Aug. 16.-Wheat mar
ket showed a firm undertone. con-
sidering the weakness in corn and
oats. both of the latter grains SELL
ing down to new low figures on
the crop. Buying of wheat was
mainly by scattered commission
houses. while the selling was most
ly local and influenced by the break
in coarse grains. On the declines
there was some buying by houses
with Eastern connections. Prices
had a range of around 2 cents,
with holders of bids buying on the
break. Country offerings were only
fair. but at the Gulf it was easier
to obtain grain than yesterday. with
premiums unchanged. Local spot
prices were about unchanged as
compared with the September. Of
ferings being readily taken by ship
pers. Charters We're made for $780,
600 bushels wheat at T"4 cents to
Georgian Bay ports. sentiment gem
orally was bullish at the opening.
but the weakness in stocks and
coarse grains resulted in a change
later.
All deliveries IL corn and oats
were under pressure ana WIN I'M
tied support prices dc clined readily.
Stop-loss orders We're uncovered on
the way down. while the best buy
ing was by holders of bids and by
traders who sold ut higher prices.
Crop reports on corn were more
mixed. with &. W. Snow finding
many barren stalks in several coun-
ties in Indiana and the same coCI-
plants are being received from scat
tered sections in other Central West
ern States Country offerings were
liberal. with spot prices unchanged
as compared with the September.
Cash oats gained 4aisc on the Sep
TENDER, with the No. white get
ting close to September price. Coun-
try offerings are light.
Provisions were somewhat hrmer
early. due to a bullish construction
placed on the decrease Of 100000
pounds of lard in local stocks dur
Ing the past two weeks. but the
market weakened quickly later on
scattered selling. Hogs were 25a40c
lower. with bulk of sales at sS.35a
1850. Receipts. $4,000. with 10000
for tomorrow. Western run. $4,000.
against 69.400 a week ago and $500
last year. Exchange par. Money
steady, call 6. time 6a6is.
The Washington herald., 1921-08-17
CHICAGO LIVESTOCK.

CHICAGO. Aug. 6.-Prime steers.
ss.7aa1050: good to choice steers.
ss.50as.15: air to good steers. $7.0Oa
$40: yaarlings. fair % choice. $S.00a
i0.S5: feeding steers. s6.00aT.75.
Hogs - Choice light butchers.
s10.50a1O.S5: medium weight butch
ers. S10.00a10.75: heavy butchers.
270 to 235 pounds. s9.35a1O.10: fair
to light fancy. St0.00al0.75: heavy
nacking. sS.40aSS5: rough pack
ing. $S.00as.50: pigs. s7.S5a10.25.
SheepN-Native lambs. S7.5oa1O.25:
Western Inmbs s9.00a10.75: cuII
lambs. st.00at.0O: yearlings. s5.5aa
500: wethers. sS.0eaG.25: ewes. $3.50
a5.o0.
The Washington herald., 1921-08-17
TIMELYyyALL STREETTOPICS

NEW YORK. Aug. 1.-THE ac-
tiVity of few specialties again
accounted for the major part Of the
days total stock transactions. Two
or three Of the copper shares and
some OF the tobaccos stood apart as
practically the, only exceptions TO a
continued general decline In the In
dustrlals. With Mexican Petroleum
and Pan-American as leaders. the
whole list Of oil shares declined
sharply. Pressed Steel Car and
Railway Steel Spring lost heavily
on ramors affecting their future
dividend prospects. crucible and
Bethlehem b. were at the front OF
q decline in the steels. Miscel-
ianeous industrials declined I TO 3
points. The greater part Of the
losses in these stocks was sustained
during the first two hours on an
Increased volume Of sales. Around
midday the whole market turned
dull as It has done on many occa-
sions in the recent past. and did
not show any increase In activity
during the; early afternoon rally.
The oil stocks represented one OF
the first groups to feel the pressure
of selling today. In the case Of
Mexican Petroleum the situation
had no features that II did not
have on the recovery from S7A
to a point above 10. Some OF the
The Washington herald., 1921-08-17

other stocks which Welded with
Mexican today were Houston. Texas
Company. Sinclair. cosden and Pan
American
The directors OF the Cuban
american Sugar Company win meet
tomorrow to take action on dIyi-
dends. Three months ago the COM
mon dividend was reduced from 81
TO 90 cents. In view OF the action
taken by the American. Sugar Re-
inning Company and the Manati
sugar Company recently. Wall
street does not entertain mitch
hope Of even the 5o-cent rate being
paid. -.
IL was reported in some quar-
tiers today that the market was
being called upon TO assimilate
some real liquidation. but IL was
not believed TO be. the voluntary
kind that was reported last week
when the decline was in its first
stage. Whether the narrators were
forming general rules rom too few
be determined at thA date. but
they at least gained a ready audit
ence TO stories Of banks selling
collateral Of defauited private loans
Much Of the selling was said 10 be
coming from the interior.
Included among the stocks which
made new low records for the year
In today's session were some which
were under FIRE yesterday. In =
rev cases the new records covered
period extending back as far a.
the beginning OF the war. Others
were records for all time. The
lowest point Of depreciation since
the beginning % this year was
reached in American Agricultural
Chemical. American ChIcle. Inter-
national Harvester. General Flee.
trio. American Steel Foundry.
chandler. Columbia Graphaphone.
american International. Cosden,
Pure Oil. Pressed Steel Car, Sears
Roebuck. and Houston
house which has the reputa-
ton for acting as agent OF some
OF the biggest bear operators sur.
prised its customers this morning
by advising against the sale OF
stocks at the pre-market level.
Short sales were apparently what
this house meant. This may be
taken To mean that the selling
which carried many stocks 10 new
low levels Of depreciation today
was more a mixed variety than
most traders believed In other
words. there may have been as
much real liquidation as short SELL
Ing. However, the fact that big
pear operators or their agents are
advising against short selling may
not mean that they themselves are
selling the market short. They
often deplore participation Of the
trading public in the short side of
the market for the reason that
when selling becomes too general
their own chances Of selling at or
near the top are minimized.
The Washington herald., 1921-08-17
IF NITRATE MARKET CAUSES DECLINE CHILEAN REVENUE


Nuyv yoRK r,,c ,e
dav yras : hn,;des a. re- si
ficiar o,,o1 atto,,s 80 ra,.i.,s - 49,
tbe nrimary r,s,rets this ,,,or.s.,s
private adyices reschad hars hn,..
ever, renortins a continn.tion ~ ~.
recsnt firmer tone and N. io.a,
market opened al an advance ~ :
10 n poinfs. The feature wa. ths
,rehtlye firmness N ,ha ,sar
months. ii looked ms tbouob re-.
cent Sliouidat zion md Ieft sentemhsr
In a firner technical nosition nnd
there was coyerinr by shorts u,h,ch
sent the nrice nm To ass during the
middle Of the day or about IN
points net higher, wbiIe later
months showed nat ADVANCES AZ a 10
:. -
The Washington herald., 1921-08-17
Rice-Holt Wedding,

Lf,NCHBURG. Va, Aug. 10
Miss Mary Shelton Rice and will
lam Frederick Holt were marfIsu
yesterday morning at the residence
Of W. E Kyle, 10 Harrison street,
the Rev. DR.. Wallace T. Palmer,
pastor Of Westminster Presbyterian
Church. officiating. The groom is
proprietor Of Liggan and Holt. job
printers, here. The bride. formerly
a resident Of Harrisonburg. has
lived here a number of years. They
went for bridal trip to New York
City. '
The Washington herald., 1921-08-17
ESTATES VALUED
AT HALF MILLION
Widow of Harry P. Rushing
Is Left Property Worth
S46,50O.

Estates valued at more than $780,
SIS are involved in Wills and petit
tions filed yesterday in the office of
the Register Of Wills.
Harry L. Rushing, who died May
IL, left property worth $4,000. ac-
cording to the petition filed by the
widow. Mrs. Marie J. Rushing. The
estate consists of real estate in
Pennsylvania valued at $4,000, ana
personal property valued at $36,5oO.
Edward B. Rosa. who died May II.
left property valued at s65,0Oo. ac-
cording to the petition filed by Mrs
Mary E. Rosa. the widow.
Mrs. Anna $. kahlert, who died
August 5. left property worth more
than $4,000, according to the pc
tition of the American Security and
Trust Company, the executor.
Sons Named Trustees.
Mary V. Chiffon, VINO died Au-
guse >. leaves 500 each to st. Johns
Catholic Church at Forest Glen. Nd,
and ST.. AIMS Infant Asylum in
this city, the. balance of the es-
tate Is devised to the sons, William
B.. and Henry 2. Chiffon. to hold
in trust. The sons are directed
to pay to their sister, Mary V Chill
ton, the income from $4,000; to an
other sister. Caroline Chiffon. the
income from $1,000. and to another
sister, Bertha Chiffon, the income
from $4,000, and also to Anna Stew
art the income from $4,000.
Albert c. Ridgway. VIM died re-
Gently, leaves his entire estate to
his nephews. william r. and Robert
r. Rodenburg.
Anna c. Carter, who died July 9,
left personal property worth S7,490,
according to the petition filed by
her brother. Alfred 3. Carter.
Gives Land to Daughter.
The will of Brig. Gen. Medorem
Crawford. L. S. A.. retired, who died
August IL, bequeathes 100 acres of
land in Oregon to his daughter.
Dolores F. Crawford. and $3.50 to a
son. Medorem Crawford. jr. After
posed OF. the will directs that the
widow. Mrs. Lola G. Crawford, in
herit the Lalance of the estate.
Ellen c. Dyer. who died July 90.
left property worth s2O,62O, accord
ing to the petition for probate of
the will filed by her sisters, Mar
garet J. and Mary NJ. Dyer.
Milton SneIlings, who died June 9.
left property worth $s,151.77, ac-
GordinG to the petition for letters of
administration. filed by the widow,
Mrs. Allie E. Snellings.
The Washington herald., 1921-08-17
RECLAMATION INVESTMENT
BRINGS INCREASING RETURNS
Income from Repayments Now Double Returns
From Sale of Public Lands.
fny The Ma.hInstean Herald Eeonon.i...l

As an investment for adding to
the national wealth the Reclama-
ton Act of 1902 has justified the
claims of its most enthusiastic sup.
porters. A total OF about $780,
900, 900 of government money has
been spent and the return in farm
products and increases in land
values amounts to approximately
100000.
The recent growth of crop area
and value of produce Is indicated
by the following:
The Washington herald., 1921-08-17

settlers began in 1903 and have
grown steadily until the return
from this source has been twice the
amount received from the sale OF
public lands. The grand total Of
receipts from all sources since 1901
has been s15s.oo0.000. and the fol-
lowing table gives the complete
record of the reclamation fund since
its beginning.
The total net investment in all
works to June 80, 1921. was $780,
10000 and the probable cost Of
such works under way Will be
something like s1s00oo.ooO. The
future rate of construction will de-
pend upon what action is taken by
Congress, since no new work can
be started without the authority Of
Congress.
RaaIs Elan Eu,a fon1 .I0ol
The Washington herald., 1921-08-17
HaH.Crazed Mother Who.
Shot Babe, Fightsf for Life

WINCHESTER, Va. Aug. 16.-
While Mrs. Nellie Osborne Castle
man was battling for her life today
In Winchester Memorial Hospital,
with self-infiicted wound in the
chest. the body OF her little infant
son. weeks old. whom she shot and
killed yesterday while in a highly
nervous condition, was laid away in
the graveyard at Eerryville. Clarke
County.
Mrs. Castleman was brought to
the hospital yesterday afternoon.
and doctors attending her said to-
day she had a good chance to re-
cover from the wound. but that alb
solute quiet was essential If she
Is to recover her normal mind.
The Washington herald., 1921-08-17
Miss Viers Given Shower.

ROCKVILLE. Nd, Aug. i6.-Miss
Fannie Neirs. daughter of Mr.. and
Mrs. Charles Veirs, of this vicinity.
whose msrriage to William A. PATE,
jr-. of Bethesda. win take place here
on Thursday. was given n miscel-
laneous shower at the Montgomery
Country Club last evening.
The Washington herald., 1921-08-17
Gibson.B eal. Wedding.

, ROCKVILLE, Nd, Aug. lG.--Miss
Helen Gibson. OF Spencerville, AMI
Arthur J.. Benll. Of BurtonsviiIs.
We're married this evening at tho
home OF the brides parehts.
The Washington herald., 1921-08-17
Exclamation by States lsol.ls2l

An excellent check On the extent Of Recla.
nation development is given BY the statis-
tics on settlement for the fiscal year end
ing June 80. 1920. just gathered by the
Reclamation Service.