davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-08-28
Atchison's Gross
Earnings Hold Up

Atchlson's July gross shows compara-
lively litele falling of, when con tras ted
with Eastern roads showing. Net
shows q good gain.
Additional details Of the New York
ceNtral's operations in July show that
Of the Sl3,500000 savings made in ex-
penses in July. 1921. as compared with
July. 1920, about 5000 900 represented
4 reduction in the cost Of fuel. train
mems wages and other direct expenses
incident to operating freight and pas
senger trains. The remaining IS 900
600 was the result OF cutting charges
for maintenance squarelv in two The
Pennsylvania cut its maintenance and
equipment expenses in two, but not its
maintenance Of way expenses
The Atlanta, Birmingham Atlantic
shows falling off in total operating
revenue OF about $3.50 600. Transporta-
tlon expenses were reduced acccrdinrl,-
and maintenance charges cut. so that
the operating deficit was held down to
about Slos GOO
A.chison. Topeka & santa lie
July oper rev. sle.l5s.ooo Dec. sl.77l.oOo
Total oper. exp. 1910 GOO Dec. 3ssz 600
Net oper. income 6.02s Qoo Inc lois. 600
Bannio susquehanIr.
July gross ........ si9s,e6s Dec. sif7.3q7
Def. after tax. 3a,275 Inc. 1906
Net op det.-...-. 1870 Inc. 1921
seven mos. gross l.l6l.729 Dec. 423. .1l3
Der. atter tax 532,5OS Inc. loa 0fS
Net OF. def ,...... 6717o Inc. 1856 f04
New York Central Railroad
1927. 1870
sly oper rev s26. 2so ss1.702 &. Z
Transp- exp ...... a.tO9. o29 otS N.t
Nalnt. charges .... se9l.Soi 1887 5-.
Total ouer c~-... l9J0c. 30 S.eal ..;
Net oper. revenue. 0,SS5,s50 "DsS. .9oJ
*pcncit
ttlanin, birmingham & Atlantic Railway
1921 1870.
July oprr. revenue ......s97e o00 s6ih 600
1ransportn n expenses &C.. lal GOO 27s, 00c
Maintenance charges 80. ldl. 600 27s G0C
IL & ALL-A IL. ..-A
New-York tribune., 1921-08-28
Buying of Laces

The buying Of laces, hosiery, fabric
gloves and a long list of similar small
articles for which Germany held a
AIgh reputation before the war, by
American department stores through
buyers sent into Germany this year. is
believed to have been exceptionally
large. But apparently not satisfied
with the volume Of business gained
through buyers who visited the market,
German manufacturers of this type of
merchandise are actively pushing their
sale in this country. The Alta Cor
poration, which, according to its rep
resentatives, consists Of more than 100
German manufacturers, and headed by
Hermann Tietz, German department
store magnate, has opened Offices in
New York and already Is displaying a
wide range of samples and is booking
orders.
This corporation is endeavoring to
sell German goods to those retailers
and jobbers who have no buying Offices
in Germany or who do not send their
trips. Only established here for the
last two weeks, the corporation is feel
ing its way slowly, according to Martin
Tietz, who is in charge of the local
Office
Our plans are Indefinite" said Mr.
Tietz, largely because of the uncsr-
tainties Of the tariff and the rarNl
fluctuations in German prices. JuA
now prices in Germany are on the up
ward trend and are, should say, about
80 per cent higher than they we're in
the spring of this year. This makes il
difficult fer US to quote prices here.
For the present we are confning our
business to taking orders for goods to
be made and shipped. AS yet we carry
no stock Of goods here in New York.
although we may do 80 later.
There has been much loose talk re-
New-York tribune., 1921-08-28
D}aies Tone Better

There is a better tone in the plate
market, owing to improved demand
from the railroads, especially in the
lighter gauges. Plates generally, how
ever, continue weakest among finished
commodities, with prices ranging from
l.I0 to l.o0c, though it is understood
business mas been placed in nearby dis
tricts at l6Oc,
Trade paper quotation of s5.25 a
base box on production tin plate Is
generally regarded As out of line with
actual prices, as business has been ac-
cepted as low as $4.75, the price which
has prevailed for some time on stock
plate. Bulk Of the current production
is going TO packers and Gamers, while
some tin plate is being rolled for Stand
ard Oil groups.
Substantial tonnages of both hot
and cold strip steel are being rolled
in the Youngstown district. business
being in sufficient volume to maintain
operations above 55 per cent. Ford
Motor continues to take large tonnages
Of strip.
Some concessions have been made
on standard pipe, though business in
buttweld sizes is coming through in
encouraging volume. Lapweld is still
in a strong competitive market. with
sales on q moderate basis.
Rod, wire and conduit buying shows
little indication of slackening. A dis
trict fabricating interest reports a
sustained demand for sash made from
rolled steel sections, especially for
business blocks and factory buildings.
4 full-fnished sheet maker expects
enough business to be able to operate
in full until Decem ber. Most of such
tonnage is placed in small amounts
and comes from automobile interests.
A district steel works concern is in
the market for zoo to 800 tons of
ferromanganese, and reports that quo
tations are considerably below levels
New-York tribune., 1921-08-28
Main Requirements

If any one Of these six requirement t.
were lacking and could not be sup
Piled, our plan for industrial structure
would fail Because Of the interlock- cc
ing Of these requirements it is some
what diffictlt to segregate exactly their
relative Importance, but because all
SIX are definitely at our disposal it is
the less necessary that such segre-
cation should be made. 1t is merely
enough that they are available.
AS result Los Angeles is on the
threshold of new Industrial era, with
new conditions to face and new prob
lens to solve.
Our geographical position is ideal.
AS ships through the Panama Canal
seek the Orient by the great circle
route they must pass within a few
miles from our port, and even San
direct route than does this city, while
for sailings from Am erican ports to
the South Seas and to that part of the
Orient lying south of the equator the
most direct route runs from Southern
California.
Los Angeles can compete et every
point, and this ability to stand com
petition is vital, since for years the
Mississippi Valley and the intermoun-
tain country have furnished the raw
materials for the industrial workshops
OF the Ohio Valley and Of the Atlantic
seaboard, and those workshops have in
turn furnished Americas business
upon the Atlantic.
AS we on the Pacific become indus
trialized we will draw, not only upon
the San Joaquin Valley and on the
Southwest for our own raw mate rials,
but by this network of railways we
will ourselves reach into the inter
mountain country, bringing copper
from Arizona, Utah and Montana; wool
from the ranges, potash from the des-
ert and in fact, all of the products
that the mines and the farms have TO
offer.
New-York tribune., 1921-08-28

"A condition of 100 on August 25 is
eoas1aFet ss ia-.ca..ag a yie'd Of 22l.8
pounds to the acre, compared with
l''-z pounds on July %, 80 tha, next
"ssha report must show condition
u be.ow 07.2 if there is TO be a reduc-
urn n the crop indication says Com
Hs1ce and Finance. "hle private cor
s'''on figures of las. month average
'S@s'aesaoly above the official state-
'*'.s Out sentiment az 10 the showing
= 'ae bureau will doubtless De crys-
s@<S- ~ the -ef ~ Of private au-
"''''<'ss nc~ oes ming 20 appear.
~ room - the trade feels that it
Lag ciscourted end-August crop indi-
~~s''As II IL likely TO give its closest
~'@nf'on % spot market conditions
@h' any Indication as TO the marketing
s''ley Of The South. The maturity Of
'~s rfoc n me SorthYFcst hsg been
- Ds1e1 ~ ~ hot wcatner and /. is
~" ansic pated that the report of the
'2s bnrsag. due Or September 3.
M" hfaFy Ylnni1g pricr 70 SCR
inter !. /, do~s not necessarily To-
=" MAJ Eniz cotton viii be rushed -
"~7<ss keceipts IN the s>athwest are
'~''sas'nZ ano ON Tuesday Of last
'aivsssor received nearly 20,oo0
0'ss' In.a increment may have been
."''ssil reflection u demand for
"0y7ss shipmen's abroad, and it is
u 10 mesns Impossible that people
""' are eDurt.nz upon the rush Of
=" crop c>tson n roayzcc wIu md
=. ..s''''s ss'sss f>ree'. to reg.sc opinions
*2t1mn. i*<as farrosrs did well
~ ae'1Ing early last asa.on, but that
"s@ 7~eanss they secafed he tail-eno
:. ''En prices FoF that yery reaso 4
~ are IN better position Ananeiaiir
= A''o AZ The relatively loner priec@
~" '5tAinaoss. and according W re-
New-York tribune., 1921-08-28
No Reaction

There has been no apparent reaction
among manufacturing circles to the
statement by William NJ Wood, who
arrived at his Cuttyhunk summer home
near here early in the week after a
short tour Of England, Belgium, France
and Germany, that American textile in
terests may as we'll give up all thought
of export trade on ,uch lines as come
in competition with European made
goods. While the manufacturers in
this section would be glad to open I'd
foreign markets, there was nothing to
indicate the situation here had been in
fuenced by the agitation for increased
export trade. By some the warning of
Mr. Wood is taken IS something which
should strengthen the industry, taking
the stand that it will lead them to
concentrate more upon the home mar
ket regarded by them as the logical
market. Mr.. Wood attributed the diff
Guilty to increased labor costs. These
conditions have been recognized for
some time. and yet the feeling has been
that other industries would have to go
through the readjustment process be-
fore the cotton industry could take
further steps. Moreover. with prices
showing tendency to advance, labor
men declare there would be no justi-
tcatlon whatsoever for any wage re-
ductlon at the present time
Labor leaders will not discuss the
proposed alliance Of the textile unions
of the countries, under the name Of
the Federated Textile Unions of Amer
lea, which adopted its program in New
York last weekend. Sentiment appears
TO be favorable to the plan, if work
ing basis can be reached. The unions
IT the cotton industry have not faced
an open shop fight, as closed shop con-
dirions have not prevailed at any time.
Yet the alliance is held by some as
giving common interest which they
say existing labor conditions have dem
onstrated them to be extremely lacking
IN,
New-York tribune., 1921-08-28

Nevertheless, the belief is that this
is only temporary factor which will
have to adjust itself t6 the new in
fuences and the increased demand
which is forecast amid improving con-
ditions. The view generally held is
tnat the cotton industry IS in the most
favorable position to profit by better
times of all industries. For one thing
the cotton men feel that the cotton
industry took the initiative in read
justing itself'to peace conditions. As a
result they are better prepared to meet
the earliest change toward increased
purchases. Then the heavy stocks
which y were in the hands of manu-
facturers, wholesalers and retailers
when the depression caught the trade
unaware have been depleted to an ex-
tent where they cannot strangle new
production. Labor men and manufac-
turers are, consequently, agreed that
the coming winter will be one Of in
creased activity over the present, even
though it may not assume the proper
tions they feel present indications
point to-
Mill stock quotations have shown
greater tendency to advance during the
week among the Fall River mills than
in New Bedford No changes of
spectacular nature have been recorded
III either city the few new price
quotations ranging from one to three
points higher. Compared with a month
ago, the present stock quotations give
a good insight into the irmer tone and
increased activity in the trade in both
cities. This is particularly true of
Fall River, where majority Of the
mill stocks at least have made ad-
vances In one instance this increase
has amounted to fifteen points.
New-York tribune., 1921-08-28
Constructive Features

leading district steel makers regard
the advance in the price Of basic pie
iron from SIS to 500 and stitfening Of
old material prices as one of the con
present time. Heavy melting scrap, fol
instance, is held at s13.75 to s14, witt
predictions that it will move to SIS
Foundry stocks Of iron are reported ex-
hausted or largely reduced in most
cases, which accounts for the upturr
in basic material, though there has
been recession in buying since the
higher quotations rule. Expectation OF
expansion in iron making capacity is
exerting influence against price ad-
vances at this time. Scrap grades are
Though virtually all steel companies
will finish the year with operating def
cts, which will reach large sums in the
case OF the major interests, there
is general belief that 1922 will
prove = profitable year for the in
dustry. While incoming business is
still spotty for most finished commodi
ties, August will prove one Of the best
months this year with number of
interests. 1t is generally hoped that
September production will equal that OF
August. New buying by the railroads
and by agricultural implement makers
has been more in evidence the last
thirty days than in several months.
Edgar J. Reilly, general manager Of
the sales of the William B. Pollock
Company, a Youngstown fabricatiny
concern, states that business is show
ing marked improvement with his
company and that regular customers
who have been out Of the market IN
definitely are putting out inquiries for
material. The Pollock company is pre-
pairing to resume on an order for blast
furnaces from the Chateaugay Ore and
Iron Company, Standish. n Y, which
will keep the local plant busy for a
considerable period.
Similarly the Youngstown Steel Car
Company resumed operations this week
at its Niles, Ohio, plant following d
prolonged suspension on car repair
contracts from the Erie and F. & l.. Z.
CNew York CentraD railroads, and IS
negotiating additional contracts Cur
repair business placed within the lasu
month by the railroads is having a cor
responding stimulating effect on tne
plate market and on galvanized sheets.
In the sheet market the number OF
inquiries circulating through the trade
has increased, though tonnage in vol
ume Is being withheld Business is be-
ing accepted at 2.75c for No 20 gage
black, 3.75c for No. % galvanized and
from 225c to 2.4Oc for No 10 blue
annealed. Makers still holding at &c
for black and DC for galvanized are not
getting much business. In some cases
prices are largely q matter of negotia-
ton. though mills state they have
reached the dead line on concessions
at current cOStS
New-York tribune., 1921-08-28

4ns strength cf spot markets in the
SCUM and the absence of hedge selling
contributed to he firm tone for the
New York market, and 1t was rot sur
prising, therefore, that prices should
Tiss to .he highest for The present CROP.
La.ly indications that deterioratlou
would De heavy during the month we're
not borne out in The several weekly
weather reports, but within the last
lew days private @dvlces from the
Southwest SAID that the hot weather
curing the week had seriously cur
tailed the probable output.
New-York tribune., 1921-08-28
What City Offers

So much for our world picture And
now what has Los Angeles to offer as
manufacturing center? In discus
sing this question and in order merely
to establish relativity, it is necessary
to make certain comparisons with our
sister city, San Francisco These COM
parsons can be made properly and
without hesitation because Of the fact
New-York tribune., 1921-08-28

originally people came to Southern
California to play, and because they
have stayed to work rome four thou
sand manufacturing institutions of
varying sizes have sprung up in and
around Los Angeles, with the result
that since the war we have awakened
TO the fact that Southern California
has very definite industrial future.
II so be that we take full advantage
OF our opportunities.
Aside from our climatic asset, what
are our governing conditions and how
90 &c, they compare With the offerings Of
o1ner sections of the United States?
Let Us consider the economic re-
quirements for industrial growth unde,,
the six great basic headings of mar
kets, water, raw materials. transporta-
ton. noXer and lahor
New-York tribune., 1921-08-28

OIAcr business men who recently
have returned from Germany tell of
business activity, which is IN sharp
contrast to the comparative dullness
in other parts of Europe and even in
this country. Great stress is aid upon
the advantage which Germany has as
selling nation in the low value of the
mark in international trade. During
the last week reports have reached the
wholesale markets here that MANY
large American retail stores, who had
placed orders in England and France
Tor certain goods, have cancelled these
orders and have given them to the
Germans solely because of the low
prices that the Germans are quoting.
1he reports Of our government trade
emlssarles in South America have been
filled with stories Of the advance made
by the Germans in regaining their lost
markets there to the disadvantage of
British and American firma From
the Germans are active in trade there,
offering goods at lower prices than
those quoted by manufacturers in other
countries
Alexander NJ. Thompson, well-known
British labor authority, after 3 trip
through Germany reported back to
England that the German industrial
districts have the appearance of bee
hives, and that all along the line from
Sandau to Berlin new factories are be-
ing erected.
The combinations of German indus
try and capital have become an old
story. Keen observers say that the
entire German industrial structure is
built up of syndicates which control
the raw material. production, selling
and financing of practically every ar
ticle made in Germany.
New-York tribune., 1921-08-28
Believe End
Of Decline in
Steel Reached
Manufacturers Hope That
Business Will Show Re.
cOvery i'll Orders and Vol
ume of Business Done
Wages to Remain Steady
Advance in Pig Iron Price
Regarded as One of Most
Constructive Features
" Special Dispatch TO The Tribune

PsBURGH, Aug. 27-No steel
manufacturer could be found here who
would say that the tide has turned in
the industry from ebb to flow, but most
of them expressed the hope that tha
,hange is at hand and that from tbis
time on steady improvement will he
SHOWN IN the number of orders re-
celved and the volume of business done.
Most mills in the PITTSBURGH and
youngstown districts are showing i'm
proved schedules this month, but, as one
manufacturer pointed out, the stock
market does not yet reveal that perma-
nency has come to the upward move
ment and this months showing NAV be
only feeting. 1t is estimate that the
industry has gained in operating sched
ules during the month, and that the
general average now is slightly above
70 per cent, as against 20 per cent aver
age last month. Prices have steadied
somewhat, and have even advanced in
the case of basic pig iron. In sheets
and tin plate, however, they have
shown tendency to waver and de-
cline.
In the matter Of wages all steel in
tefests are now o.. the common level
OF ~ cents an hour for common labor,
>AAiu III III CLSr TeUucClOnS are antlCl-
pated until after the wages of the
large organized bodies Of workers.
such as the railroad men, coal miners
and building trades workmen, have
been brought to the general proper
tionate average of the steel industry.
which will not likely occur this year.
While independents and the Steel
Corporation will pay the same wage
rates from August 90 when the reduc-
ton announced by the leading interest
becomes effective. it is predicted by
independent makers that an additional
cut may be made next year. 1t is
likely that the common labor rate will
be reduced from 80 cents per hour, the
going rate, to 27 cents. 1t is pointed
out that wages are still considerably
above the pre-war rates. During the
period from 1910 to 1914, inclusive, the
average wage paid was 1889 cents per
hour for commonf labor, figuring by
months. Prior to May, 1910, the day
labor rate was Is cents per hour. which
had increased by the end of 1914 to
1919 ceAts. During the war common
labor was paid as high a 46 cents per
hour, with time and q half for over
time, and many men worked ten and
twelve hours a day. Now all overtime
has been eliminated and number of
wage reductions have carried the rate
down to 80 cents.
New-York tribune., 1921-08-28

Federal Rubber, affiliated with the Fisk
Rubber Company, had s4,360. 900 in
ventories, an increase Of S66s, 600 over
December 81.
New-York tribune., 1921-08-28

will start The same company will
operate its Sharon, Pa, sheet mill in
full next week.
John Stevenson, president of the
Standard Tank Car Company, Sharon,
Pa, states that the amount of orders
on the books so far this month is ahead
Of last month and that if the same in
crease continues it will show three
times the amount. He says that bust
ness is picking up, but does OF antici-
pate 1t will reach normal until the fore
part Of 1922.
New-York tribune., 1921-08-28

Buralo & Susquelannnss

July oper .s1o.15s. 900 Dec. s1.771. 900
Total oper. exp. 12.140 600 Dec 7ss2 600
Net oper. income d.02s GOO Inc 2.nlS 600
The Washington times., 1921-06-02
UNlAWFUllY WE'D, MAN
KILLS MATE AND SELF

LYNCHBURG, Va. Junes Mrs.
Essie Arbogsst was shot and killAd d
here last night by Holbert Davis.
who turned the revolver upon him
self, innicting a wound ins his chest
which caused his death IN ten min
utes.
Living here as man and wife since
January. the couple were appriscd
only today by receipt of q copy Of a
decree from court clerk st Char
lottesville that she had been award
ed a divorce but could not remarry
within six months. 1t is probsble
that this brought about the dual
tragedy.
The Washington times., 1921-06-02
HARDINGS THRIVE
ON MANY DUTIES
AT WHITE HOUSE
Health of President and First
= Lady Better Than Ever Be-
fore, Says Or. Sawyer,

The President and Mrs. Harding
have been in better health since they
have been living In the white House
than ever before. according to Brig.
Gen. Charles e. Sawyer. physician TO
the President.
Despite the strenuous work OF
meeting hundreds of callers each
day, neither the President or the FirAt
Lady are showing any III effects.
And why notT' DR.. Sawyer quer-
ried. God Almighty meant for all
OF us to work hard. and hard work
has never hurt anyone yet. But what
hurts mans health is worry. and
the President Is remarkable man
In that he does not worry" 3s
This is due" DIR. Sawyer said" to
the fact that the President obtains
the best possible advice that he can
get on important questions. and after
| making his decision he dismisses II
from his mind"
This, said DIR. Sawyer. is one of the
reasons why Warren G. Hardins has
not been Ill for a single day in the
past twenty-five years.
TITS really remarkable, con sider-
ing the Presidents active life. espe-
cialiy In politics during the past
been ill> a single day. He has been
out campaigning and stump speak
ing in all kinds of bad weather with
out showing any Ill effects at ALL
Dr., Sawyer declared.
Golf is the Presidents favored form
OF exercise and. according TO DR.,
Sawyer, he gets more pleasure out OF
golhpg than the average player. Il
never saw anyone get as much en-
joyment out OF game of golf as
does. the President" he said. He is
also fond of walking, but does not
do very much OF IL. the doctor stated.
"Corns7" asked the reporter.
mo. oh no." smiled DIR. Sawyer. The
President has no corns. He doesn't
do much walking because he hasn't
the time. Also he feels that in a
golf game he gets enough evercise."
An examination made a few days
ago by DR.. Sawyer showed the
President to be in perfect condition.
the physician declared today.
The Washington times., 1921-06-02
AIR MAIL CHIEF oUSTED
AFTER CHICAGO PROBE

CHICAGO. June BE. W Majors
superintendent OF the chiesgo d.
vision OF the Air Mail was relieved
from duty on orders from washing
ton yesterday. Following moHth's IN
yestigation by postal inspectors
= Assistant Superintendent w $,
Moore and Paul v. King and Field
Manager Paul Dumas also were re-
lieved from duty pending further
instructions" c. A. Parker WAS hp-
pointed temporary chief OF the di-
vision in Majors plsSe. ~