davidaulloa/AmericanStories huggingface dataset:
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-08-16
Revenue Freight Loaded. 1s2l-ls2o-lsls.
fT7h0nSandS nf CnrSl

According to this table the year
1921 has not fallen so far behind as
general conditions might indicate.
This shows how the depression has
been one of price rather than vol
ume of business.
When the freight is classified and
the respective groups studied, the
shrinkage in particular lines is to
be seen. Coal and coke are running
much behind a year ago. In Octo-
Der the high record was made of
1.195, 1921, while the highest thus far
in 1921 was 679,SSS cars in April.
Livestock, forest products, and ore
have been running behind also.
while the gains have been made in
grain and grain products. The
large class of miscellaneous freight
has lost slightly.
Grain movement has made a new
record in recent weeks. During
the week ending July 80, 66,416
cars of grain were loaded. This is
a new record. about Is per cent
above the previous highest weeks
record.
The only advantage of the rail-
roads Of the year has been an i'm
proved ratio of expense to revenues.
which is $3.50 per cent as compared
to 93.0S per cent in 1920. Total reve-
nues declined about $32, 0o0, 900 in
1921 for the first five months, but
the expenses during the same period
declined over s106,000.o00 leaving a
net revenue of $330,000, 900 for 1921,
compared to s155, 100000 for 1920.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-08-16
BALTIMORE WEEKLY.
LIVESTOCK MARKET

BALTIMORE, Nd. Aug. Is.-Cat.
le-Receipts for week ended today,
1870 head. against 2,3e5 last week.
RECEIPTS, l4l carloads for market for
the week, 10 carloads for market
Saturday and today. .
Choice Steers-Twenty-fiv 20 5or
cents lower; other kinds. SO cents
to $l.OO lower; one load heifers sofd
for $500 cwt- steers. choice ~ aSaN
SIS; good butcher, s7.ooasoe: me-:
dunn, S5-5Oa6.25; common, n25E.
500. Heifers, choice, s7.2sa7.5o; fair.
to good. $6.25a7.0O; common 20 medi-
UNI. S4.5Oa6.OO. Bulls, choice, t4.S5a :
500: fair TO good. f4.a4.5e. Common
to medium, S3.OOa3.55. Cows. choice,
S4.75a5.0O; fair 70 good. $I.0OaI.5e; ..
common TO medium, t1.SOa5.0o.
Sheep and Lambs-Receipts for.
week ended noon today. l7,453 head.
against 1920 last week: fair sup
ply: market steady. sheep, Si.5Oa
4.5O; lambs, S4.OOaIl.25: extra lambs.
$ll.5O
HOgs-Eeceipts for week ended
noon today, 1852 head, against S.O2s
last week: light supply; market
lower. Lights, sI225; mediums,
sl2.25; pigs, SIZES; light pigs. sIO.s0:
rOuChs sS.50aS5O.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-08-16
CURB MART'S TONE
RULES UNCHANGED
Dealings in Leading Securities
Still Confined to Mod
crate Lots.

NEW YORK, Aug. 15.-TradinS
operations in the Curb Market today
showed little Improvement over
those prevailing in the closing ses-
sions last week. Dealings in the
majority of leading securities were
confined to moderate lots, but Of
ferinGs overbalanced buying orders
AMI an easier undertone prevailed
n consequence. General news was
liking in incentive.
Cities Service issues and stand
ati Oil of Indiana sold on an ex-
uikidend basis and made fairly
steady showing around the opening.
They later gave way with the. rest
II the market. United Retail Candy
moved mostly between 5A and 5l4
ara was lacking in feature. Peer
Iess Motors opened at 80, a firm
ietel, but subsequent sales caused
a fractional price recession. To-
bascco products export failed to fol-
low up it's advance of Saturday and
settled back to about ). Glen AL
len Coal was noticeably quiet and
rather heavy around 341%.
Independent Oil securities did not
cNhibit much activity, and while
Eaices were generally lower, the
rafio of fluctuations were confined
within the fractional area. There
we're a few specialties active in
the mining section, where quota
tisns ruled irregular. and a moderate
u AIDE occurred in bonds, prices for
which were shaded in the aggre-
Rate.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-08-16
BULK OF CUBA'S
SUGAR CROP SOLD
Havana Cable Reports 500 of
Crop Has Already Been
Purchased.

NEW YORK, Aug. IA cable
from Havana to the trade journal.
Facts About Sugar, reports that oo
per cent of the Cuban sugar crop
has been sold TO date. Sales by the
sugar finance committee nave
amounted to $4,000 long tons ana
sales prior to the committees APP
pointment were 1,S35,00 tons, or
which less than 10000 tons remain
unshipped. Deducting these SAFES
and the amount required for local
consumption in Cuba, which is estl-
mated at 200, 900 tons. from an esti-
mated crop of 3,S50.000 tons. shows
balance of 1,625,000 tons remain
ing for sale. This is stated to be
about the usual rate of progress
made in the sale of the crop under
normal conditions in ordinary
times
1t is anticipated that Europe viii
take 100000 tons of the unsold por-
ton of Cuba's crop, while pur-
chases by the United tates between
now and the end of the year are
estimated at csc, 900 to 100000 tons.
The threatened failure of the Euro
pean sugar crop has led to neSotia-
lions with Cuba by trade interests
in England, France and Germany
looking to the acquisition of 100000
tons. While Cuban interests are en-
deavoring to make arrangements TO
carry over 5000 tons at the end OF
the year. present indications are
that the quantity left on hand at
that date will not be much more
than half this amount.
Reports of domestic supplies in
the United States show that stocks
Of beet sugar have been reduced to
100. 900 tons and that the amount TO
come forward from Porto Rico and
Hawaii is not more than 25.00a tons.
As the consumption of sugar in the
United States averages about $4,000
tons monthly, It apparently will be
necessary to draw upon new crop
beet and cane sugars for nearly half
a million tons If no more than 750--
600 tons additional is purchased
from Cuba for the American mar
ket.
A sale of refined sugar for ship
ment to Hamburg, Germany, which
was made this week is said to be
the first transaction of the kind in
the history of the local sugar trade.
Ordinarily Germany is a seller and
not a buyer Of sugar.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-08-16

600 for fire protection and $500
for general forestry purposes.
North Carolina increased the State
appropriation for forest protection
from $S,S0O TO $4,000. NJ
In Louisiana provision for State
control of all natural resources In
Guiding forests. was provided| for
by constitutional convention held
early this year.
In New Hampshire provisions
were made for leaving seed trees
on cut-over pine lands. for redis-
trictinE of the state for forest-fire
purposes. and for compulsory for
est fire-patrol on large cumberland
holdings.
Connecticut provided for reor-
ganizing the State forestry admin
istration and protection work. and
for more liberal appropriations.
Several of the other State leCis-
latures have also had forestry ques-
tons under consideration. which
have made for progress. even
where. as in Florida. no definite
Legislative enactment took place.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-08-16
PLANS
FOR CONVENTION
Plentiful Entertainment Is
Promised for ABA. Dele
gates to Los Angeles.

Most elaborate plans for the en-
tertainment of those who attend the
annual convention of the American
Bankerss'H Association, to be held
in Los Angeles October to Z, in
elusive. are being formulated by
those in charge. Not only will the
convention itself be a milestone
along the road to more stabilized
business conditions. but all those
who visit the Pacific Coast city will
be entertained in a manner surpass-
ing oil former efforts of the IA
nous convention city, Situated az
il Is. between the mountains ar !.
the sea, Los Angeles lends itself
To a variety of entertainment i'm
possible to obtain elsewhere in the
United States. There will be trips
of inspection to the motion picture
studios, the world-famous beaches.
and the snow-capped mountains, all
within a short motor ride of the
center Of the city. In addition. all
the country clubs, with which Los
Angeles Is practically surrounded.
will throw open their golf courses
to the visitors. Garden fetes. mu-
sicales and an endless variety Of
pleasure are Offered to all who at
tend the convention, whether as del
egates or otherwise.
1t is recognized by the business
men Of the country that this gath
ering, representing as it does those
who have their fingers on the busi-
ness and industrial pulse of the
nation. offers unlimited opportunity
for obtaining a cooperation between
the various sections of the country
which will eventuate in better bust
ness conditions. In order to in
form all who attend of the general
as we'll as the specific conditions
facing various lines OF business en-
dcavor. there will be brought to
this convention speakers who are
recognized as authorities in their re-
spective fields. These speakers will
not be confined to those engaged
in the banking business. but will
be representative of general lines
Of business comprising the full
Eamut of American enterprises. With
such an opportunity to study tn"
problems with which the banker
comes in daily contact, and with
the further opportunity OF intelli-
gent discussion looking toward the
solution of these problems, il is
assured that the attend
ance at this convention will not
only be greater than on any similar
occasion. but more representative
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-08-16
FREE SELLING
CHECKS UPTURN
Wheat Prices Hold Within
Narrow Range; Trade
Again Restricted.

CHICAGO, Aug. 15.-Wheat prices
held within n range of less than 2
cents up to noon, trade being light
and mainly of 4 local character.
Around $1.25 for September and
$l.27 for December there was rather
free selling credited to a leading
local interest, which checked the
upturn. For several days there
have been selling orders at these
figures, and the buying has not been
of sufficient volume to get the
price up above 1t and maintain the
advances. Export demand was re-
ported as rather slow, although ex-
porters took 100000 bushels hard
winter at the Gulf, paying better
premiums. and bids to the country
for August shipment to the Gulf
were advanced 1 cent Premiums
on spot were firm, with good de-
mand, all contract grades being at
premium over the September
Country offerings were light. Win
nipeg received 46 cars Of new wheat,
of which 80 cars were graded No.
1 and No. Northern and were
bought by mills. Old No. North
ern was in keen demand from eN-
porters and shippers who had sales
to fill, and early $1.s1 was paia
Local sentiment generally is bull
lish. but there is a lack of specu-
lative interest which prevents any
material advance.
Corn and oats acted rather heavy,
with all deliveries of oats at new
low on the crop due to scattered
liquidation and a lack of support
Corn for December delivery touched
So cents, equaling the old low, while
cash houses were moderate buyers
of the September with exporters
after cash grain. Owing to the de-
cline in prices of late, farmers are
showing less disposition to sell
corn in parts of Iowa and Nebraska,
and consignment notices on oats
have fallen off considerably in the
mast few days. Cash oatss were
somewhat firmer as compared with
the September for the No. and NO.
white.
Provisions were steady early, but
eAsed off slightly later with a linn
tied trade, the bulk of which was
in lard. Hogs were steady to IL
cents higher, with bulk of sales at
SS.75al1 90. Receipts, $4,000, with
q 900 for tomorrow. Western run
was $500, against 72,700 a week
ago and 74.4O0 last year. Money
steady; call, 6 per cent; time, sass
per cent. Exchange par.
Nav
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-08-16
WASHINGTON PRODUCE.
FURNISHED by Golden & Coz

Eggs-Southern. acc; nearby. 3Sc.
$utter-Print, 47a54c: creamery.
ira, 45a51c: store packed, 27c.
Roultry-Alive: BOOSTERS, 16a17e;
tuskeys, 3Oa35c; springers, 31a3ac;
white Leghorns, 2Sa30c: hens,
26S27c; keats, Csc: dressed fowls,
3S35c; turkeys, 45a4sc; ROSTERS, goa
25f; sprinsers, dressed, 3Sa42c.
Fruits Cgreen)-AppIes, Western,
pef box. sL50a3.OO; lemons. per box.
sef0a5.00; California peaches, $2.O0
. p; new apples, bushel baskets.
SSsb0a35O.
Eegetables-New potatoes, bbls.,
S56Oa6.50; 1O-peck sacks. s5.75a6.OO;
catalogues, California standard,
500; flats, $l.O0: new cabbage,
hq{ne grown. S400a4.5O per Dbl;
befts, per bunch, 2aGc; peppers. per
crate, S1.ooa2.00: nearby cymblings,
PEG crate, s1.50a2.OO; Delaware
IoApes, Jumbos, $2.00a2.25; stand
ards, $1.25al.75: sweet potatoes, per
bsfrel, S6.Ooa6.5O; yams, per Dbl.
aslo; new apples, bushel baskets
$5DOa5.50. New York bunch cell
ery, 75ca$1.o0; watermelons, in car
lots. 2oa22 lbs, average. s175a225.
Meats-Dressed veal, 15a16c;
chi ice calves. 91sa101s.
Tie s. Department of Agriculture,
Bureau of Markets, August Is, 1921.
Based on August ID quotations in
IMPORTANT markets. prices for hay.
feSd and grain in car lots delivered
sshtngton. u. c., for prompt ship
n1nt. are quoted as follows:
no. 1 timothy hay. ton. s24.50;
No . timothy, $3.50: No. clo-
vi. mixed se3; spring wheat bran.
81 so: spring wheat middling.
f3s.75; spring wheat middling,
S2a50; coJtonseed meal CSC per cent?,
S4L75: old process linseed meal.
$4s; gluten feed, s37; homing feed
(vhite). $500; dried beet pulp.
$3.50 No. 2 white corn. bu-. -76Iac:
No yellow corn. 7Sc: No. 9 white
oats (old), 44i=c; No. white oats
(old), 411sc; new oats. cents less
than old.
fhe following commodities may
be- obtained from local dealers in
Gag lots basis cash payment. at
prices quoted:
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-08-16
STEADY TONE TO
COTTON MARKET
Disposition of Stock Market
To Go Lower Restricts
Buying.

NEW YORK, Aug. 1.-THE cot
ton market today was steady, with
opening prices to 13 points below
saturdays close in moderately ac-
tive trading. Late in the day, how
ever, an advance took place, in
duced by bad crop reports from
Georgia and the Southwest. The
spot markets were strong and 1t
became increasingly difficult for
mills to sell their output and pay
the high price for middling cot
ton. The holder is not disposed
to sell his product on the advance.
The disposl:lt'1 cf tho stock mar
ket To go lower tended to restrict
buying. but the market held steady
at slightly below Saturdays close.
Crop promise II the Southeast Is
becoming more unfavorable each
day. Some experts claim that they
have never seen the promise as 1T
tie as now. In the Northeast sec
tim of the cotton belt the Neevi.
has gained in numbers, and in some
sections of the Carolinas only 30
per cent of a normal crop per cent
per acre is expected
The financial condition Of tenant
10 very
there are so,Ec big land owners
who state thaS the low price paid
to the farmer for his crop produced
Al a high cost has brought about
condition where loans and mort
cages remained unpaid. and II means
that the younger South is working
hard 10 bring conditions back TO
normal. The Southern farmer, how
ever. is very optimistic and many
local newspapers throughout rural
districts are talking about the aid
being given to the expectation OF
Southern farm prooucts.
English mill conditions remain
quiet, although expectations are for
n new demand as soon as the poliu-
cal developments in Europe assume
more peaceful appearance. Amer
lean mills have been spasmodically
active. but in parts Of the South,
especially in the Carolinas. it is said,
mills have been active since last
October and have enough orders to
keep their plants going the balance
of the summer. This activity Is
said to be partly due to Increased
foreiDO business
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-08-16
BANKER DECLARES
new BUYER STRIKE
NOW In PROSPECT
Sisson Says An Prices
Must Drop to Get
Real Prosperity.
WARNS ALL DEALERS
Claims Desire for Profit Re
tards Return of Nor
NAL Days

Nw YORK AnE- 1I-Retaal deal
srs were warned by New YORK
Ean8<sr rndgy thar the American
pnhfic may employ another buyers
strike 70 force a reduction in the
-cnsr Of living
Tne banker vas Fra~cis H SIS
SON, yice president Of the Guar1ntS
yrr-ast Camnpany. He declared the
apparent rel ncfance of -retaslers to
joErr fhear prices IN the same r7-it>
thnh prpfncers. manufacturers and
Wholesalers have done is the pr1n-
.c.inaa fActnr fn ohstrpctlng \ return
t.scsnF4-1e prGsT saiST
" - kse1 u Prices
-Wfn The recent so-caned buy
er<f strike sin fresh In memory
rerzHsrs Who are cnde2Tor1nS 20
sustain her prices Gnt1 they can
xurk OF their stocks carried ever
frcrn fhe period when rising r;-6es
jufured excessive accumulation OF
Goods should remember that the
public hold in its hands an ire
sasrible poEer-and has demon
zarated that II knows how TO Use
1hat psuer effectively when occa-
ssca demands.- he said
S~a asserted that the great
present need IN speeding the COM
usst. recovery of business is con-
strar4ire cooperation of all fac
torS. especially in respect TO costs
of oompodiIies to the ultimate con-
sumner
Needs QnSek Change.
AS soon as prices have been
completely rcadjusted and estab-
lished the tremendous latent buy
ing power in this country VIII be
transformed into n poertial energy
which will revive not the hectic
unhealthfuI prosperity Of war, bu.
the sound and safe prosperity Of
peace" he said
Retail prices as whole must
also be adjusted in line with pes
snt replacement costs"
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-08-16
GREATCAR SURPLUSBUT
LOWFREIGHT REVENUE
Railroad Rate Advances Largely Offset by
Reduced Traffic Coal and Ore Light,
Grain Heavy.
(By The Warrington Herald Economist)

at the same time when q a surplus
OF the same amount was listed. The
needs could not be met, simply be-
cause tho empty cars were not in
the right place
The fact that the war resulted In
4 wide scattering Of the cars into
various sections Is indicated by the
data on the per cent Of cars on home
roads This reached the lowest in
March, 1880. when only 21.e per cent
OF the cars were reported In the
hands of the roads that owned them.
This condition has improved rapidly
during the first half OF 1921, and by
July 1 nearly rs per cent Of the
cars were reported on their home
rails.
The total number OF, freight cars
has shown little change since 1917.
The total has ranged from 2,s50.00o
to 1850, 600 for this three-year Pc
riod. Tho present surplus is not due
to any great increase in cars, since
as early as 1908 the total reported.
including Canadian and Mexican.
was 2.I50,oo0.
A comparison of the 1905 and 1921
periods OF dull business show sew
eral similar features. The former
was q year of very low pig iron and
steel production. which were about
30 per cent of the previous year.
On the whole 1908 was n poor year
for business, and this showed in the
freight car situation just as 1t does
today. The distance travelled by
each car each day was low in 1908.
just as 1t is this yer.
The increase in capacity Of freight
cars must be considered in all these
comparisons. The new cars are
larger than those which they re-
place, and consequently the gain in
tonnage capacity is considerable.
even though the number of cars re-
mains practically the same.
The number of cars reported by
the Interstate Commerce Commits
sion in 1918 was 2,393,S0s, while the
amount OF freight carried one mile
was 301. 900. 100000 tons. while in
1918, the number of cars had in
creased to 2,547,073 and the freight
hauled one mile to 405,000.000 900
tons, a gain of over 80 per cent
There was also a shortage of cars
in the first part of 1918, but a sur
plus in the latter half of the year
Offset IL.
Since the railroads were returned
to their owners in March. 1920. the
situation has been exactly reversed.
From a shortage of 10000 cars.
which grew to 10000 cars in Sep
TENDER, to a surpl Is of nearly $780,
900 cars in April. 1921. That the re-
turn of the railroads had little TO
do with the matter is indicated by
hn 70 tNo he CHI
to 1919 was almost exactly the same.
In March. 1918. there was a shortage
of 10000 cars, and by April. 1890, a
surplus of about 425,000 cars.
The record this year and of the
two preceding years is shown in the
following table of revenue freight
loaded
Revenue Freight Loaded. ls2l-ls2o- 1918.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-08-16

A peculiar combination has oper-
ated TO hold the revenues of the
railroads for 1921 close to the level
CT 1sze, Fer the I'VE months ending
In May. 1921. the total freight In
come was reported by the Inter-
stsIe Commerce Conmiss: IN - tie
s.547.<fnrsI while for the same
period in 1890 the amount was ST.
Sz&S4o.23S. leaving n very slight
gain The reason for the very small
Increase is apparent when the freight
car statistics are examined closely
A survey of freight car surplus
and loadings Of the several princi-
pal commodities provides an inter-
esIing index Of the changes in trade.
The American Railway Association
data goes hack to 1906 and indicates
the changes month by month.
The recent surplus of cars was the
greatest at any time since 1906.
when the period of surplus is con-
sidered. Tho only other times when
there were an equal number Of cars
in the surplus list was In May. 1908.
and Aarcn, lSlS- IN 1919 tuero was
= large surplus for several months.
but at no time so great as In 1908,
1909. 1919. or 1891.
Judging by the condition of short
age as indicating demands exceed
ing available supply, the period of
greatest shortage was from August.
1916. to May, 1918, when there was
q continued demand exceeding the
available supply. During this twen-
ty-month period there was an av-
erage call for nearly 100000 more
cars than could be supplied. Only
in the period of greatest surplus
does the condition of shortage dis
appear At several times during
the past fifteen years there have
been periods when n shortage of
10000 to 10000 cars was reported
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-08-16
METAL MARKET.

NEW YORK. Aug. 15.-The Lon
don tin market was unchanged at
f155 5s for standard spot and E15e
los for futures. with sales Of so
tons spot and 200 tons futures.
Copper standard spot was % Cd
higher at f69 lis Cd. ana futures
were IS higher at f70 5s. with sales
of 200 tons spot and coo tons flu
lures, while electrolytic copper was
lower, spot declining los to f74, and
futures E1 to ELS. Lead spot was
Is Cd higher at f23 Is Cd. and spell
ter spot was unchanged at fe5