davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-06-04

Eggs-Nearby, CSC; southern, 24c;
average receipts. CSC.
Butter-Print. 35a3sc; creamery
extra, Soa32c: store packed, 15a1sc
on nearbys, l2a21e; southern but.
ter. tubs. 3oa35c.
Poultry-Alive: Roosters, lsa2Oc.
turkeys. 3oa33c; spring chickens
Soasoc; white leghorns, 4oa5oc;
hens. 2sa3oc; keats. 75c; dressed
fowls, s5a3sc; turkeys. 4oc; roosters,
22azsc.
Green fruits-AppIes, western, Der
box S3-5oa4.50; apples, per bbl.,
s.eoa5.1o; pineapples, s4.5Oa5. 90;
california oranges, ss.0oa6.5o; Cali
fornis lemons. per box. s4.5oa5.5o:
grapefruit. per crate. s6.OOas. so !:
Florida oranges, s6.00as.5o; straw
berries. 12ha3Oc at.
Negetables-Potatoes, nearby. ner
Dbl. s1.5oal.75; northern. per sack
S2-ooa2.25: string beans, per basket,
Florida, s2-o0a2.50; South Carolina
s2-aOa5.SO; new cabbage, s2O0a2 SO
per ct; beets. per bunch. SAFE; let
tuee' romaine. per Ct, sI.25a2.oo;
peppers. per Ct. s3.0oaI.0o: cym-
hngs, per Ct, s2.0oa2.50: eggplant.
per ct. ss.OoaL50; onions, Texas,
s2.0oa2.2S per Ct; spinach. per bbl.,
s2.5oa3.oo; Florida tomatoes, per Ct,
sf-5oa5.o0; Florida celery, per ct,
s4.5oa5.oo; bunch. celery, I.25a1.5e:
peas, k-bus. basket. s2.5oas.oo.
Veal. calves. sa1fc: lambs, I2a14c.
The Washington herald., 1921-06-04
EVIDENCE OF PROFTTEERING
IN RETAIL PORK PRICES
The Farmer Now Getting Smaller Per Cent
OF the Consumers Price Than
Before the War.

made before a Congressional COM
mittee that meat retailers were
profiteering to a very serious de-
gree. On the basis of price statis-
tics published by various govern
ment departments, 1t Is possible to
examine this contention and to draw
some conclusion. The. following dts
cussion applies to pork only.
Ihe Department of Agriculture
publishes each month the average
price received by farmers for live
hogs The Department Of Labor COL
lects figures on wholesale pork
prices, and also on the retail prices
Of particular cuts OF pork such as
ham, bacon, lard, and chops. BY
means of certain general conversion
factors II is possible to get some
idea of the spread between produc-
ers, wholesale and retail prices.
For every 100 pounds of live pork
sold by the farmer, the packer pro-
duces about seventy-four pounds OF
pork product which Is sold whole
sale as dressed pork. The retailer
sells 1t in variety of cuts. For the
purpose of the present discussion
we have used the following weight
ings for the retail prices: Ham, As
per cent; bacon, 36 per cent, and
lard, 16 per cent. The table below
shows for selected dates the prices
received by the farmer for 100
pounds of live pork, the price re-
ceived by the wholesaler for the
1925 pounds of dressed pork OBJ
tained from It and finally the retail
price of the 74.a5 pounds weighed
to the above proportions
for various cuts. The percentage
increase at each step is also shown.
The Washington herald., 1921-06-04
TIMELY WALL STREET TOPICS

NEW YORK. June 1s.-Brosdiy
speaking stocks were steady in to-
days trading, although the market
developed many weak spots. The
sharp reaction that came into Cuba
Cane Sugar, following the dividend
omission. induced heavy selling on
other preferred stocks whose divi-
dend prospects are uncertain.
Pierce oil preferred. Marine pre-
ferred, United Drug. United states
Rubber, Manatl Sugar, American
Beet, American Sugar RenTns-
virginia Carolina Chemical pre-
ferred and Middle states OIL were
heavily sold at greatly reduced
prices. International Harvester
common reacted more than points
following a reduction In the divi-
dend rate. Steels and standard IN
dustrials held firmly despite re-
peated drives by the short element
The condition Of the loan market
at the close yesterday was such as
to suggest a higher renewal rate
this morning and traders were
therefore not surprised when an In
itiaI rate Of IL per cent was posted
The fact that the market did not
yield to this stiffening of money
was taken as another indication OF
the real bearing that high money
has on stocks when they are drag
ging the bottom and when turn Is
momentarily expected At such a
time the bear party is encouraged
only to the extent that they are
The Washington herald., 1921-06-04
COTTON MARKET
AT STANDSTILL
Trading Is Extremely Light,
With Narrow and Unim-
pOrtant Fluctuations.

NEW YORK. June 3.-There was
little doing in cotton market. Trad
ing was light and mostly local. with
the fluctuations narrow and unim-
portant. This can be readily seen
from the fact that there was a de-
cline of to s points from yester-
days closing quotations during the
forenoon. with July selling down to
12.6lc, October OF the new crop
1880. December l3.Soc and January
to l3.s0c. This was followed by a
rally in the afternoon mostly on
better support from some of the
local trade houses and some cover
ing of shorts, during which prices
were carried up to s and points
from yesterdays nnal quotations.
On this rally July sold at l2.75c.
October 1850, December 1889 and
January at 14c.
Reports of beneficial rains in
parts of Oklahoma and Texas, to-
gether with an easier spot basis in
conjunction with dull Liverpool
and Manchester cables. caused our
early decline. while the subsequent
rally was entirely due to the COW
ertng of shorts referred to, mainly
as a result of less southern selling
pressure than recently and to a
little better support from some of
the local trade houses. The fore
cast is for scattered showers and
thunderstorms for all parts of the
central and western cotton states
tonight-and tomorrow. which condi-
tions are likely to extend over the
eastern half of the belt over Sun
day. These rains are needed in
view of the recent high tempera-
lures. Planting operations are be-
ing pushed all over the northern
part of the belt. and are now near
ing completion there. with a good
deal of replanting going on in parts
of Louisiana. Alabama. Mississippi
and Georgia in the districts where
it was occasioned by last months
unfavorable weather. Liverpool now
has a total stock of all kinds of
cotton of 100000 bales, against
100000 last week, 1.150,000 a year
ago and $4,000 in 1919. or this
amount 619. 900 bales are of Ameri-
can product against the same
amount last week and as contrasted
with $50, 900 last year and 100000 in
1919. The amount of American cot
ton now affoat for Great Britain is
$4,000 bales. against 100000 last
week and $1,000 last year. The
stock of cotton at Bremen at Nes-
ent is $4,000 bales, of which 100000
bales are American cotton. while
the Hamburg stock is $1,000 bales.
The Washington herald., 1921-06-04

The charge has frequently been
made that retailers have not reduced
their prices in proportion TO the de-
crease in wholesale and. manufact-
urers' prices. Exception to this
statement has been taken particu-
larly by the retail dry goods mer-
chants. Inasmuch as there are NO
adequate statistics of retail dry
goods prices Available, II is impos-
sibIe to verify or deny this state
ment except on general grounds. In
dealing with retail prices 1t Is not
uncommon to compare the per cent
decline in retail prices with the
percentage drop in wholesale prices.
This method is hardly fair because
ordinarily retail prices show a big
lag behind wholesale, and on a
quick drop in prices such as has oc-
CURED since the middle of 1920, re-
tail prices never reach the height of
wholesale quotations. For example,
the Department of Labor shows that
Wholesale food prices at their peak
in May. 1920. were 1871 per cent above
the 1913 level, while the peak of re-
tail food prices in June and July.
1899. was only 119 per cent above
the 1913 average. BY March whole
sale food prices had dropped about
IS per cent from the peak, while re-
tail prices had declined only 80 per
cent. On the other hand retail food
prices are Sc per cent above prewar
and wholesale so per cent above the
same level Since retail prices did
not rise as far they cannot be ex-
pected to fall in the same propor-
tion.
The charge has recently been
The Washington herald., 1921-06-04
TRADE FAILURES
! SHOW DECLINE IN
MONTH OF MAY
Total Liabilities, How
ever, Denote Expan-
sion of 1907.
REVERSE TENDENCY
1,356 Defaults for May Re-
corded, Involving Indebt-
ness of $4,000, 900.

with q numerical reduction of s.s
per cent and an expansion OF $50
per cent In liabilities, commercial
failures IN the United States during
May reversed the tendency Of the
Immediately preceding month. when
there was an increase In number and
a decline in amount OF indebtedness.
Aside from April. the number of de-
faults has fallen steadily this year,
but several insoIvencies Of excep-
tionai size have kept the liabilities
at a high level, and a single failure
alone supplied nearly one-third of
last months aggregate. While the
1.3ss defaults reported to r. G. Dun
& Co. in May are 131 less than those
OF the previous month. the s57.o6s.471
Of Indebtedness is fully s1s.000,ooo
above the April figures, and also ex-
ceeds all former May totals. The
numerical comparison with the May
statistics of earlier years is likewise
unfavorable. last months insolven-
cies being the largest on record for
the period. excepting May of 1916,
1915 and 1908, and the present re-
turns make a striking contrast with
the only SAT failures for s10.S26.277
of May, 1920. Relatively the great
est increase over the low mortality
of a year ago is in the liabilities.
due mainly to the heavy amount in
volved by the defaults of unusual
magnitude. Thus, 81 insolvencies
for 100000 or more in each instance
in May, this year, involved s39, ,404,-
1ss altogether, whereas in that
month of 1920 there were only IT
such failures for little more than
s5.sO0.00O. Most of the large de-
faults last month occurred in man.
ufacturing lines. but the class desig-
mated as other commercial" which
embraces agents, brokers, and other
concerns that cannot be properly in
cluded in either manufacturing or
trading, provided much the heaviest
proportion of the Indebtedness.
The number of failures each month
during recent years is presented
herewith:
The Washington herald., 1921-06-04
BOND TRADING ON
REDUCED SCALE
Liberty 31as Ease OFF 20
Points-Foreign Govern
ment Issues Regular.

NEW YORK, June "A slight
relapse in liberty bond prices to-
day was as much to be expected
as was yesterdays late recovery
from the extreme low prices rul-
ing up to midday. The 34s, for in
stance. eased of about 20 cents to
$50 following the ss-cent rally In
the last two hours on Thursday.
The fourth AXIS moved within a
narrow range above and below the
Thursday closing. Trading was on
a much reduced scale, transactions
in the first three hours about
equaling those for the first hour
yesterday. Activity in the railroad
and industrial groups was not
much reduced. nor twas IL expected
in view OF the fact that yester-
days great total was due to the
heavy selling of libertys
There was little in the foreign
division worthy of special mention.
Prices were steady and probably a
shade lower. French SIS held their
Zurich declined u point to sss.
Japanese sterling Is went from SEX
TO 6ss. The feature Of the rail-
road group was the wide fiuctua-
tion in some of the convertible is
sues. st. Paul convertible 4As. for
instance. sold between e6k and
67ik, their Thursday closing having
been midway between these two
prices. Baltimore and Ohio SIS ad-
vanced y points to ssk and then
declined to Ss Missouri. Kansas
and Texas first Is went down IL
to 55k and recovered {.
The Washington herald., 1921-06-04
UNSETTLED STATE
HURTSCURB TRADE
Low Priced Mining Stocks
Show Strength Account of
Increased Interest.

NEW YORK. June s-Tbe nm.
settled condition prevailing on the
stock exchange naturally had ar
influence In contracting speculative
operations on the Broad straat
curb business in the outside mark et
To-Day being small in volume and
without material change in prices
There was a disposition in evidence
10 deVote more interest to the low
price mining stocks and that proup
showed more animation and
strength than 1t has done for some
time past. more attention being paid
to reports of development work and
to prospects of valuable outnut The
industrial list generally moved
within a narrow r5nge but sales ON
declines were extremely small In
amount A little interest was at
tached to the sale of / share of
Stntz Motor at So compared with
above 700 when IT first appeared on
the curb about year ago. Good
year TIRE was traded in to. a small
extent at TX. There was a fairly
large amount of business in Sweets
Company at and ~ representing
the shifting Of holdings to the new
interests that were recently placed
In the directory. The coal issues
were quiet, a small amount of busi-
ness being transacted in Reading
rights at l5$ and 15h and a sale
OF Glen Alden Coal was made at
tlh. U. s. Light and Heat was
heavy, selling at y and IL. Chi
cago and East Illinois common was
traded at IL and 1sT, practically
unchanged from its recent trading
The Washington herald., 1921-06-04
BLAME FOR WASTE. u
IN INDUSTRY LAID:
TO MANAGEMENT
Less Than 25 Per Cent IL
Fault of Labor, Engi-I,~.' 4.
iaF'
neers Say. s
URGE u. S. REPORTS
Cost of Preventable Diseases
Placed at Three Billion
Dollars Annually. w.

ST. LOUIS, Mo-. June 3-star-
Ting figures on vaste In Industrial
processes and recommendation for
curbing the enormous annual Losses
were made public here today in the
report Of the American Engineering
councils committee on eliminstion
Of waste in industry. ui,..
over SO per cent Of the respos-
sibility for these wastes" the rs-
port said. can be placed at the
door Of management and less than
25 per cent at the door Of labor.
The report urged the tnstallation
of nationwide machinery 90 obtain
continuous reports on employment
conditions; the finding OF ways 10
regularize employment and for q
Plan for cooperation between the.
government. the public. trade ssso-.
Citations, Industries, labor. bankers
and engineers TO eliminate waste '''''
Compiled by EnEiseer..
The report was made public By
the executive board of the council
Of the Federated American Engi-
neering societies. II was complied
by a committee Of sixteen ensi-
neers. appointed last January by
Herbert Hoover. who was then pres
ident OF the organization The md
ings were based on the investiea-
tion of a large force of ield work.
ers in New York. New England and
Pennsylvania. and were declared
typical Of conditions throughout the
country. -H
The engineers found that the mar
gin of unemployment In the coun-
try amounts to more than l.oOo. 900
men. that billions Of dollars are tied
up in idle equipment. that high la
Dor turnover is a rough index Of
one Of the commenest wastes. and
that the waste of energy and money
through duplication in estimates ana
bids in the building trades runs into
millions annually. 80.
-Four 10 Five million Idle. aas
Both capital and labor are blamed
for the abuses found. but the report
declared that annual losses through
conflicts between the two is mucn
less than populsriy supposed. -
Between 1000 900 and s.0oe. .ecs
workers were idle the nrst two
months Of this year. the report said
II predicted that $500. .o0o. 900 Will
be lost in the building trsdes I'm
1921.
Waste" the report said. results
from an interruption Of production
low production. restriction Of pro
duction. and lost production"
The Washington herald., 1921-06-04
Lighted Roads Coming,
Says Electrical Chief

CHICAGO. June 3.-Development
of electrical illumination in all its
varied phases-lighting of homes.
stores, Offices and factories and
streets-has progressed rapidly
along scientific lines during the last
year, according to reports submitted
to the National Electric Light asso-
citation today oliver r. Hogue. Of
Chicago. an official of the Common
wealth Edison company, said that
illumination of the country high
ways is the next step. This news
is of the greatest interest. not only
to the rural dweIler, but to the mo.
torists of the country" said Mr.
Hogue.
The Washington herald., 1921-06-04
WHEAT MARKET
UNSETTLED
July Declines on Free Selling
Induced by Lack of Ex-
port Demand.

CHICAGO, June 3.-Wheat market
was decidedly unsettled. and after
selling at 1.41% for July early
droped to 1.37iz on free selling in
duced by a lack of export demand
and some improvement in crop re-
ports from the southwest. On the
decline there was buying by houses
with seaboard connections and a
rally to 1.41 followed, but the great
er part of the advance was lost
later as the market eased off
quickly when the buying ceased.
Premiums in the sample market
were 2a3 cents higher with No.
hard winter sold at IS cents over
the July. Country offerings. light
and exporters were after cash
grain at Kansas City. Owing to
the big advance of late sentiment
is somewhat less bullish. he first
car of new wheat of the season Is
on wheels in Oklahoma, having
been shipped from Chattanooga TO
Oklahoma City. Harvesting is ex-
pected to progress rapidly with fav-
orable weather. Trading in Sep
tember wheat at Chicago is likely
to start early next week which Is
expected to relieve the tension in
the July to some extent. Export
demand at the seaboard was re-
ported as slow early, foreigners
falling to follow the advance.
Corn and oats showed a rather
easy undertone and averaged low
er under scattered selling. There
was an increased disposition shown
to take prof1ts on recent purchases
while the outside buying was
limited. Country offerings to ar
rive were small, but receipts liberal.
Shippers were good buyers and paid
July price for No. 1 and No. 2 yell
low or Ia cent better than yester-
day. Exporters were after corn
here.
Provisions were dull and prices
held within a relatively narrow
range. Hogs were steady to 10c
higher. with bulk sales at 7.65aS.00,
with receipts $4,000 and 5000 are
expected tomorrow. Western run
$4,000 against $4,000 the previous
week and 100000 last year. Money
steady call Z, time 7a7h. Exchange
par.
The Washington herald., 1921-06-04
Months Stock Trading
Denotes Slight Gdin.

Trading In stocks on the New
York stock exchange for the
month OF May amounted to IT,
o32.l5o shares, compared with
I5,z73.370 In April and 1886. $50
in May, 1890. The largest week.
days trading this month was L.
225.e65 shares on the 5th; small
est, 420, 900 on the 18th.
Bond transactions amounted to
s242.741,2o0 during May. inciud,
ing all transactions in liberty
bonds. Total bonds traded in dur
ing April were $23o.953,7oo, and
s367.7s3.oo0 In May. 1920. Largest
single days business this month
was s14,0o5.o00. on the Cd; small.
est. s7.ss4.00o, on the 18th.
The months total shares com.
pare as follows with previou,
months and with May in other
years:
The Washington herald., 1921-06-04

In 1913 the farmer received 40
per cent of the retail selling price,
whereas he now gets less than 80
per cent. On the average the whole
saler's per cent is about the same
as in 1el3. while the retailer now
taxes over so per cent. compared to
90 per cent before the war.
Ihe prices used in the above COM
putations are averages. and while
they do not show the conditions at
any one market. they do reflect gen
eral trends and indicate that the re-
taiiers on the average are getting a
larger margin on pork than is justi-
ned either by higher freight rates
or the greater cost of doing bust
ness.
Copyright, 1891, By washinrton u.r.,s,
The Washington herald., 1921-06-04

In the following table comparison
Is made Of the number of CONNER
cial failures in the United States,
covering three years, by leading
classes of trade, and the liabilities
reported in each class for May, this
vear.
The Washington herald., 1921-06-04

SVEN Assurance tnat no attempt
wiz be made 10 endanger their POSI-
tion. High money under such cif-
cumstances. therefore. is looked
upon as a sort Of negative factor
In that II forestaiis possible
rally,
One Of the signs of the times Is
the scarcity OF funds offered as time
loans Only short time ago when
call money was easier. brokers
acted independently of the time
market. refusing as they always 90
under such circumstances 70 ne
themselves up with Iong-term OBJ
legations. They are now confronted
with an attitude of indifference on
the part of lenders. When they con-
slider the forthcoming income tax
payment on June Is and the pre-
parations that the banks will make
thereafter to meet dividends and in
terest requirements of July 1. there
is no reason for encouragement.
Would-be borrowers were bidding
2 per cent for time money today,
whereas q few weeks ago they were
willing to pay only 81 per cent.
There Is little money available at
the new rate.
A sharp break in Cuba Cane Su-
/, gar preferred followed immediately
on the announcement that the di-
! rectors had deferred action on the
Ia per cent dividend due on July
1. The stock broke from IS to SO
and then became quiet for a few
minutes. But within a short time
tape readers wtre startled to see
recorded the sale of 1000 shares at
30. 1t was at first thought that an
error had been made in recording
the transaction. but this idea was
dismissed when 400 shares sold at
81 and 100 at az. The owner of
the 1000 shares had evidently given
his broker an order TO sell at the
market and execution was at
tempted when the stock was utter
ly lacking in support The loss TO
that stockholder figured on the
basis of yesterdays closing was s52.-
600. The common stock broke with
the preferred. The preferred had
sold at SIX and the common at ze
! this year. This preferred dividend
was inaugurated on April I. 1916.
and had been raid without Interrupt
tion up to and including April of
this year. Accompanying the divi-
dend announcement came a state
ment from the management point
ing out the necessity for conserva-
tion of cash owing TO unfavorabIe
conditions in the sugar industry.
The break in Cuba Cane stocks
came in spite of the fact that Wall
street had practically given up hope
Of the preferred dividend being paid.
Previous to the midday announce
ment the sugars were all under
pressure. American Sugar COM
mon sold down to Q new low record
for the year. CUbsn-American
Punta Allegro and American Beet
were heavy.
Another element Of unsettlement
in this market was supplied by the
directors OF the Armour Leather
company who voted to omit the
regular dividend OF a per cent on
the preferred stock. The manage
ment stated that business during
the quarter had been normal and
profitable on replacement basis.
II was stated also that Armour
and company would no longer pur-
chase the cumulative privilege of
the preferred stock inasmuch as a
large percentage Of the stock hold
ers had failed to sign and return
the warrants.
The Washington herald., 1921-06-04

Prices realized on Swift q oe. exles -
-Arra~s heef 10 Washinrtob for veef eH6+
ing Saturday. May IS. 1874. On shipnenp
sold out ranged from l. cent? % II eenu
rer pound and averaged $50 cent? p~
pound Adv. r.'
The Washington herald., 1921-06-04

Finished BY W, d, HibbS q CO., memps
New York Cotton Exchange.)
The Washington herald., 1921-06-04
WASHINGTON PRODUCE.

o..'eisi ...LsSs 547 Ssl ss7. .oes, A.,
South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-06-27

ed up and nearly knocked his mas
over.
Jackie kneit down and Rugged the
dog.
oh. but I'm glad 20 get home"
Jackie told everybody that
After an hour or 50 Of 2 reception
Jackie piled into an auto with his
dad and Patsy and Oueenie. and
started on triumphant ride
through the downtown section Of
the city.
When arc YOU and Patsy going 20
fix up your marriage ?" Jackie was
asked.
It's all hxed-isn't it. Patsy?''
And Jackie turned 10 his little sweet
heart for backing.
Patsy kind Of giggled and said
"uh. huh"
And she fingered the ring Jackie
had given her. which. as jackie says
set him back u bucks"
One thing worries Jackie. He
showed the place in his mouth where
a tooth had been-but wasn't.
1t came out while he was eating
as a guest OF honor. in New York
When il happened Jackie was doubt
full as 10 the recurrence Of etiquet
whether 10 swallow it or attempt
| to conceal IL.
He decided TO hide it-and was
caught in the act. A guest took the
/ tooth. had it attached 10 a tracele-
and presented it to Mamma Cocgan