davidaulloa/AmericanStories huggingface dataset:
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-04-21
ASK 500 MILLION FROM
CONGRESS FOR ROADS
United States Highway Association
Would >...Le 800, ooo,ovJ
I.o,,ncl to ALLIES During War.
IEv Assoolated Press.


GREENSBORO, y. c., April 2o.-An
appropriation Of s1o0.o00.0O0 II year
for five years as tho Federal govern
ments shnre IN cooperative road
building was recommended to Con-
the United states Good Roads ABso-
citation at its annual convention here.
The resolutions Endorsed the Fed
oral road building plan and ursed the
means OF avoiding a national ca
lamity." They were read by Profess
sor ], III. scarborough, OF MISSOURI.
state cooperative road plan has re-
suited in tho construction and I'm.
provcment of thousonds of miles OF
post roads and public highways when
American people, They further as
sert that there is no public policy that
Will bless ana benefit moro people
than that which IL now being carried
out IN the construction of public
ronds in the various States Of the
Union.
Indorsc Co-Operntive Plan.
Continuing. the resolutions say:
we heartily ind9rse the Eedera,
building now in practice. and we urge
upon Congress the Importance and
necessity of continuing this work ana
Vent this calamity we urge the Con
gress to appropriate the sum of $780,
100000 year for period OF hvo
years,
During the world war. the gov
ernment of the United states cN-
tended loans To the allied nations i'm
the sum of about s100.o0o.o00.
Congress is hereby requested to pro.
vide that said money. when collected
from the allied nations. shall consti-
tute the road fund and shall. be used
as Congress shall direct In building
and improving post roads and pub
TIC TIKI hhishwnyS in s United sa,ss
was authorized to appoint com
mittee of representative citizens from
the various States to go TO Washing
ton, present the resolutions TO the
proper committees or the Senate and
House of Representatives and to the
President.
Need Interstate Roads.
a. G. Batcheldor. OF Washing
ton, executive chairman of the Amer
lean Automobile Association spoke
state Roads" That the national gov
eminent should give assistance to
the several states, is the policy which
has been accepted by Congress. us
was made clear in the passage of the
Federal road aid act in 1916 and re-
iteratc1 in 1919 with an appropria-
ton more than double that OF the
first one. declared Mr.. Batcheldor.
over largely to the various highway
representing many States.
These eng lneers told OF the progress
rendered optimistic reports, which
were greeted with applause.
Chattanooga, Tenn was recon-
mended as tho next convention city
recommendation will probably be
voted upon at the last meeting Sat
urday.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21
Big Reserve Banks
Reduce Discount Rates

Indicative that general Federal Reserve is in progress
adjust discount rates business conditions the banks
of New York. Boston, Philadelphia and San Francisco have
duced the rates of discounts and advances on all class Of paper
from to 5H per cent ,,H
The effective today and is understood that other
centers like Chicago, may follow suit shortly.
While reduction in the discount rate is not surprising in
view of the general liquidation in loans that has taken place
apparent that the banks not disposed
to lag behind the open market in New York II is true that call
money has lately been low but the rates for commercial
paper have well above the central discount rate being
quoted at 6A to 6A % for the best
The bill market however, has been below the bank rate at
81 to 5W for eligible niney-day paper.
Schedule of the rates of discount the various Federal Reserve
banks before the present rate into effect showed that the
go accommodation fairly general
AgainS Treasury notes and certificates of Indebtedness the
twelve Banks charging go.
Against Liberty bonds and Victory notes all charging SO
except Philadelphia with 81 o.
Trade acceptances and commercial paper universally
quoted at so except at Chicago and Minneapolis where the
rate 6s% All banks charging go bankers ac-
ceptances maturing within ninety days. except st Louis with
rate of %.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21
B. A O. Agricultural Bureau.

The Baltimore and Ohio Railroad
Company has re-established it's agri-
cultural bureau to carry out the pro-
gram which the company had begun in
1915. but which had to be abandoned
Inter on account of war conditions.
The bureau will be part of the COM
mercial development department Ss
the railroad. which is in charge or n.
0. Hartyell manager, who announces
today the appointment of o. K. Quivey
as general Industrial agent.
Mr.. Quivey has had several years of
experience in agricultural work and Is
a graduate OF Purdue University, the
Indiana State Agricultural College.
In outlining today the course that
1 he would pursue as general agricul-
'tural agent, Mr.. Quivey stated that
there will be no effort to teach agricul-
ture, since there are l-established
agencies for that purpose, but the chief
aim would be to make the facilities OF
the Baltimore and Ohio available to
the farming interests to the greatest
possible extent.
I'VE want our service in behalf OF
the farmers" declared Mr.. Quivey, ito
be such that their operations can be
made more profitable and pleasant and
that each farmer win feel that his best
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21
HEAVY TONE AS
ISSUES APPEAR IN
I MART IN SUPPLY
Lower Discount Rates Will Soon
Be Fully Reflected. 10 Belief
of Financial Circles.
BY MAX KASE.
I. N. 8. staff Correspondents.


NEW YORK, July 2l.-A heavy
tone developed In the stock market
today, many important issues were In
supply In large volumes.
The poor action Of the market was
q distinct disappointment to those who
have been talking about higher prices.
particularly in view OF many favor
able Developments.
These included reduction in the
re-discount rate by the Federal Re-
serve Bank and a cut In the discount
rates Of the Bank of England. the
latter announcing the second marking
down In its rates within a month.
Nevertheless, the opinion pre-
vailed in financing quarters that
the effect of the lower discount
rate would soon be more fully re-
Elected.
Mexican Petroleum, after rallying
to 1929. fell to 10lh and other
petroleum that had improved dur
ing the first hour declined to the
low levels of the early trading.
Studebaker waS one Of the active
features, selling down to TN, loss
of IL.
Renewed talk about price-cutting in
the steel industry caused United
States Steel to be pressed for sale
and 1t declined to 12h. Republic
Steel held fairly well in the face of a
bad quarterly statement. Early in the
afternoon that stock showed a loss OF
only V at AN.
The railroad stocks were dull and
showed but little change, although 1t
was expected that announcement
would soon be made at the formation
of railway consolidation that may
make a substantial difference in the
position of many of the low price rail-
road stocks.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21
New Orleans ObJects

New Orleans Obtects.
Officials of the bureau of foreign
and domestic committee admitted to-
day that they have received represen.
tations from New Orleans, and said
that an investigation had been started.
1t was pointed out that this In the sec
ond time that the matter has been
brought to the attention Of the de-
partment. Several months ago New
York companies were greatly concern
ed over the importation Of canned
goods.
The extent Of the movement of I'm.
ports which may develop is indicated
by the fact that the United States
liquidation commission disposed of an
enormous quantity of materials to the
French government for q lump sum of
$500, 200. 900. This figure was rs per
cent less than the appraised value of
the materials and only, q fraction of
the original cost In the United States,
which has been variousiy estimated
from 81 200 900 900 to $4,000, 200. 900.
Most Of these goods were resold by the
French government to SPECTATORS.
who now find their most profitable
market in the United States.
There Ia considerable difference of
opinion whether effective measures
can be taken to tax or regulate the
imports. In section 404 of the tariff
act of 1913 It il provided that there
shall be no duty on goods re-exported
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21
President Studies Rails.

Plans for future railroad financing
by the Government were said today
by high Administration officials 10
be awaiting the decision of President
Harding. Final details had not yet
been completed, II was said. and ne
gotiauons were continuing with the
railroad Representative
Officials indicated, however, that
careful consideration was being given
to a proposal that Congress be asked
to broaden the powers of the War
Finance Corporation to handle both
the funding operations of the rail-
roads $500. 000.0 900 debt to the Gov
eminent and the actual making of
advances on the railroads claims
against the Government
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21
No Runaway Market
in Rails. "AgDi" An
nual Report Soon.
Buying of Steel-No
Studebdker E rtrG
Forthcoming Leather
Reports Satisfactory.
The Railroad Market.

NEW YORK. July 21.-Far-sighted
brokers are advising their customers
not to become over-enthused over the
possibility OF a runaway market IN
the rails.
They point out that the railroad
stocks have enjoyed a good advance
and that purchases from now on
should be made with caution.
The roads cannot prosper unless tne
industrials do and there are few folks
who really expect the industrial stocks
to do much more than show fiuul rat
lies for some time to come.
The days have gone when the mar,
ket leaders could take the railroad
stocks and bring about a roaring buii
movement during period of industrial
depression.
Bankers and other leaders are more
concerned over improving the interna
tionaI financial and economic situation
than over a temporary lull in the pc
curtty market
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21
Baltimore Grain Market.

BALTIMORE, July 21.-wheat-
Lower; No. 2 Red Winter, s1.3sh
No. 2 Red Winter, garlicky, S1.25h
Receipts, 290.694 bushels: shipments
90, sos bushels.
Corn--Easier; Contract, spot. 73c.
Shipments. 1,095 bushels.
Oats-Firm on spot No. White
E1hc. Receipts. 4,77s bushels; ship
mcnts, 1889 bushels.
Rye-Steady; No. Western export
spot. sl.so. Receipts. 1o,s09 bushels
shipments. none.
Hsy-ouiet; little offering.
Flour-Firm.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21
New York Cotton Market.

NEW YORK. July 21.-The cotton
market this morning was unresponstve
to financing developments for the
staple and the drop in the English
bank rate and under local and Wall
street selling opened rather easy at a
net loss Of seven to nine points LIVER
pool was the best buyer, although the
trade also bought little.
After the start the market reflected
further unloading and at the end of
the first fifteen minutes was about
IL points net lower.
Cotton opening prices follow: July,
1210012.20; August, 12.lo bid; Octo-
Der, 1859: December, 1903; January,
1910; March, 13-280l3.35; May, 1899.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21
Fin. Corp. Makes Advance.

The War Finance Corporation has
agreed to make an advance of 1850.
900 to the Federal International Bank.
ing Company, of New Orleans. to as
sist in the financing Of approximately
$4,000 bales of cotton for export, it
was announced today. following a con-
ference between Director Meyer and
T. j. Caldwell, vice president Of the
banking company.
1t was agreed also to advance to the
same bank up to a total of $4,000, 900
in the aggregate to finance, as the
business develops, approximately 100,
900 bales of cotton.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21
LIVERPOOL Cotton Market.

LIVERPOOL, July n.-Spot cotton
was quiet at the opening Of business
here today. Prices were eAsder. Sales
were 5000 bales.
American midland fair. S1o.7S; good
middlings. 50. O5; fully mfddlings. $50
middlings, 81. 20; low middlings, $7-So;
good ordinary. S6.15: ordinary. $40.
Futures opened quiet.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21
Foreign Exchange.

NEW YORK, July 1.-THE for
eign exchange market opened weak
today, with demand sterling &c lower
at s3.5S. Francs yielded az centimes
to 7.72 for cables and I'll for checks.
Lires declined 3 points to 4.47 for
cables and AS for checks. Belgians
were 8 confines lower to 7.52 for
cables and ISL for checks.
81. 4S: checks, 31.$S; Sweden kronen
cables, 2o.s5: checks, 1880; marks,
29L
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21
EDITED BY
WILLIAM M. CONRAD
War Goods Coming
Back From France

Fears of the importation of large volume of materials sold
at sacrifice prices France BY the American Army have been
revived by the from New Orleans that the steamship
Georgia has arrived from St Nazare with cargo of nails
clamps blankets horse shoes and other goods for sale in the
United States prices which be met by domestic
The New Orleans Chamber of Commerce and other commer
eia bodies have protested to the Department of Commerce and
have urged protection under the andumpng laws 1t feared
that this is the beginning of steady stream of imports under
similar conditions Z. !.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21
Move To Lessen Bank Work.

In a move to eliminate much bank
work in the District suggestions have
been made to a number of savings
banks not holding associate men,
bership In the clearing house to So
cure same.
/. Under the rules of the clearing
house only national banks are eligible
for full membership. and when a
trust company or savings bank be-
comes an associate member all its
checks are cleared through a mem
Der bank.
for closer affiliation is the Bank Of
Commerce and Savings. which has
just applied for associate member
ship in the clearing house and will
In all probability be passed shortly.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21

to the United States from foreign.
countries when their value has not
been increased by some process Of,
manufacture in that country. At that
time there was not even the shadow of
a war and consequently not the slight
est anticipation that a situation would
arise such as the present. -
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21
Chicago Grain Market.

CHICAGO. July 21.-Wheat opened
unchanged to Y lower; corn h6a
higher; oats X higher; provisions UNI
changed. Opening:
Wheat-September, $1.25A 0s126
December, $1.29@$1.2sh.
Corn-July, SAN @64: September.
81 Y @61%: December, 60& @6o%
Oats-December, 43h 143%
Lard-September, $11.95; October.
S12.10.
dbs-Septembcr, 310.92.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21
Liberty Bonds.
FURNISHED By w. q. Hisbs' 4 Co.

NEW YORK. July 2.-Noon lfb
erty bond quotations: 3h's, $8s86
second As, $s7.1e; first 4h's, 1916;
second <H's. 1919; third 4k's, SOL. 4S;
fourth as 1916; victory Ans,
1913 40
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21
New York Clearing House.

NEW YORK. July 21.-Clearing
house statement: Exchanges s64I,.
soc, 900; balance. s7l.e0o, 900; Federal
reserve bank credit balance. S4s,.
500. 900.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21
Buying the Stoels

A strong attempt Is being made to
help the steels over the next fort
night while the poor results OF the
last quarter are being made public.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21

For the first time in months or
tain well-known investment interests
have commenced to look favorably
on Pennsylvania stock.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21
Hitting the Weak Slater,

When the market turned very dull
around noon Boston interests again
INDUCED in their popular pasttme Of
raidtng the sugars
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21
Wall Street Gossip

There are enormous financial opera
tons in the wind for which lengthy
preparation must be made. In the
meantime the stock market will be left
TO shift for itself and will mostly por-
tray actual conditions.
The rails may go slightly higher,
but the action Of some Of the advance
Is almost over.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21
The Snapper Bitten.

AbC ch0PPST ptbtSu.
There is story going the rounds
Of how one rumor- monger was hoist-
ed on his own petard.
Having heard and talked of the
rumor on Atlantic Gulf, first circ,,-
lated over a month ago, he was pay
ing no attention to 1t, when on Mon
Gay he again heard a somewhat diff.
ferent version.
The report, while in circulation,
had been built up until II had the
Atlantic, Gulf and West Indies an
plying for a receivership for Atlantic
Gulf Oil.
This whisperer. on hearing the lat
est version, noticed that the stock
looked weak on the tape and is
reputed to have sold.
Shortly after an official denial was
issued and the stock rallied, while
the trader who fell for the story ran
to cover At loss.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21

Local Stock Market
SALES.

Warrington Gas SIS, $1,o0007sss
Money-Call loan funds offered ct
per cent. with 6 per cent bid.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21
Dividends.

neighbor is the Baltimore and Ohio
railroad"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21
Position In The Rails.

Traders are nervous about taking
an extended position in the rails where
companies can show only limited prof.
ita and unlimited losses.
The increasing talk of lower rates
also causes thought.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-21
Today's Bond Prices.

fouotatiops Reoeivsd by Redmond 4 Co
City of Paris SIS. 1921. ....... 80
French Government SIS. ..... %
Government of Switzerland s's. los
Kins,3oro of RAl1fup1 2k'a 1Ol
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-10-13
CITY PROPERTY

Room ssmimsasm nseeeo WIN take Ford car for
part payment
Room srouna garage harm 5000
TsfmA
Room house. moasu 1900 ,ahs
trade.
Room mOdsru basement,
saeco
Room modern well located $500;
Room moderu sleeping 5000; terms
Room modern cosa In. shade
sskeo
We have listing city property you market
don't mi TO We
that NO eau soil 10 percent down. ticoo per month
rARms rAnMsi
sio Acres of fine land Tuie
and a. In Investment u
look this II a
100 Acres Of choice ps
$1,000 cash
81 Acres chkha
Good
70 Acres Chchasha well land
vineyard ideal priced money
Wa have from 10 paris eoHnry
and suit you
We have good proposition any county
and viii guarantee the the title
paymen, privilege any interest pa,meh; date
MAJOR BROTHERS
sii Fin National Hank ids ofnce
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-10-13
FARM LANDS AND FARM LOANS
III First National Hank Blds

50 Acres fine Little waahla alfalfa aM
miles from good for sale cheap
iao Acrcs fine wnshta bottom land ~ miles
well improved. has ss OF alfalfa hog
Nice little 20 house all cultyaino
about miles Of chiohasha WIN sell cheap
so Of no washia chlckaaha
lyatlon. buildings. WIN sell this so n very price
Nice modern house limo nicely sch
reasonable price and
Nice strictly sell
o cheap
property
business
p. c. STACY & SON
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-10-13

ron RENT Throe furnished rooms
fur ilsht housekeeping ilc Dakota
avenue. ii',t
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1921-10-13

FOR RENT-Two large rooms, Of
flee or light housekeeping, lights
and water furnished. Equipped for
gas. clean rooms. INQUIRE room Z,
a13 IL Chickasha avenue, over
Leader. 13-3t.
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-06-20
Counting
ON SUPPORT
OF MERCHANTS
illinois City Up In Arms Over
Hammond Councils
Attitude.

West Hammond's opposition to the
proposal 20 make it a separate tele-
phone district from Hammond. ueces
Gt1atinR a fve-cent toll for all inter
city calls will take definite form to-
night when the council or the Illinois
city viii act upon resolution which
has been prepared by City Attorney
s K Markham
The resolution is the outgrowth Of
the meeting which was called Friday
evening and from which representa-
tives were sent to the meeting which
was held the same evening IN Ham
mond.
II recites that the City Of Ham
nond is litigating with the telephone
company over the question OF rates
and hes questioned the jurisdiction Of
the Indiana Public Utilities Com
mission IN the premises because tho
service furnished is interstate In
order 70 avoid having the matter
taken from the service commission and
placed IN tho hands OF the Interstate
Commerce Commission, the resolution
states. the telephone company has de-
ternined TO separate the subscribers
of the two cities and placed new
exchange in West Hammond. It re-
lates that this jurisdictional point in
nowise goes to the merits Of the rate
controversy.
III the city Of Hammond persists IN
standing upon the aforesaid techni-
cality." reads the resolution. "tele
phone subscribers IN both Hammond
and West Hammond will be burdened
with toll charges which in many cases
will largely exceed the charge for ac
tusl service under existing rates. and
will otherwise IN many ways be pro-
ductive of III feeling between the in
habitants of the respective communi-
ties, particularly with respect to or
6ers for numerous articles of goods
wares and merchandise which are ha
bttuaIly given over tho telephone. af
tecting merchants, storekeepers and
consumers in both communities"
The resolution closes with a request
to the mayor and city council OF Ham
rnond to refrain from raising the 1ur
isdictional question in the telephone
rate controversy as Il Is planned to
send a copy Of the resolution to the
city council OF Hammond which meets
tomorrow evening.
West Hamomnd is counting on
strong support from Hammond mer
chants on the matter as. It is pointed
out the merchants cannot expect the
patronage OF West Hammond people
when they must pay hve cent toll
charge every time they order goods
by telephone
The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-06-20
DEATH OF
FRANK S. RAY

Frank S. Ray passed away at s:so
Saturday evening at his home on
Florence street after nine weeks of tn
tense suffering from complication OF
diseases. Mr.. Ray and family have
lived in Hammond for the past sew
enteen years. He was a member OF
the First NJ. E. church. the order Of
l. o. O. F, Rebakahs Court OF Honor
and the painters union.
Funeral services were held at $50
sunday evening al the home OF George
Yaeger. 1927 Harrison street the Rev
Rist of the NJ f. church and Rev.
Leison Of the Pine street church be-
ing IN charge of the services. The I
o. o. F. also held services The re-
mains were shipped 10 Williamsport.
Indiana, the former home Of the Rays
on the 9.45 Monon for burial in the
family lot The body was accom-
panied by the widow. Mrs. Matte Ray
the only son, Ed Ray. Mrs. George
Yaeger, Wilbur Wilson. George Yaeg-
er There were many beautiful forsl
offerings. Undertaken Stewart was in
charge.