davidaulloa/AmericanStories huggingface dataset:
Bisbee daily review., 1921-06-12
N .| 1|I|{3|)2|II|g||!|I.,'.||||.
SHOCK MARKET

NEW YORK, June II. Values crumbled in today's stock market pressure of liquidations, combined with the more confident activities of professional traders. More new low records were established.
 The same shares on which bears have centered their attention for three weeks-oils, steels, equipments and food specialties-agai featured the bulk of the offerings. Especial weakness was shown by Mexican and Pan-American petroleum, general as phalt, Standard Oil of New Jersey. OIUcible Steel, American and Bald win Locomotives, International liar vester, Pressed Steel car, General Electric, American Sugar, Information al Paper and Sumatra tobacco.
 Motors and then accessoIies,- ship pings, miscellaneous stocks and some rails participated in the further re- versal Final quotations among standard issues were irregularly above lowest levels, but heaviness prevailed at the close. Sales 100000 shares.
 Weekly reviews by mercantile au- thCrities mentioned slow collections and many conflicting conditions in ,onerai DuslnesS. Further slashing of prices was announced by motor AIanuIacturers and large oil produc- CTS.
 All classes of bonds, including Lib erty issues and foreign were heavy.
 Total sales, par value. $6,250,000.
 Tie clearing house report showed a decrease in actual loans and dis counts ol slightly more than S61, 1,000,- 900, an increase of almost $25,000,00O in reserves at the federal bank and gain of about. $23,000,000 in cash, increasing excess reserves to about S4S,300,000, the years greatest total,
Bisbee daily review., 1921-06-12
GRAIN TRADERS eULLIsH

CHICAGO, June 11.-Trade reports of black rust in wheat fields in DOT tions of Nebraska and Iowa, turned grain traders bullish, and made an unsettled market today. July wheat was up 2l4 and September sac over yesterday.
 Corn netted gains of from 1K to virtually unchanged.
Bisbee daily review., 1921-06-12

FOR SALE or will trade for good car. Eight room house furnished
 in apartments. Good income. 120 Upper Lowell. 101-5-16
Bisbee daily review., 1921-06-12
DRUG STORE RA,pEp

DIES MONIES, Ia, June 11.-Sher- if w. E. Robb. assisted by deputies, local police and prohibition enforce ment officers. swept down on 15 large retail drug stores in DeS MoineS this afternoon and seized liquor esti- mated to be worth $300,000.
Bisbee daily review., 1921-06-12
METAL MARKET

NEW YORK, June 11.-America bar silver 99A; foreign 591s.
Bisbee daily review., 1921-06-12
NEW YORK STOCKS

Furnished by L. J. OVERLOOK, BROKER
 Corresbondent Logon 6 Bryan
Bisbee daily review., 1921-06-12

SEE ME FOR BARGAINS. Now is the time to buy property in the Warren District. 1 have several good buys in Bisbee and Warren. Terms the very best. A fine new 5-rOom brick house in Warren; will take good auto in exchange as part payment. A 4-room house in Tombstone Canyon, no hill. S400 cash wilt handle this, balance terms. A new Groom house, Tombstone Canyon, well furnished, built in two apartments; will take care ill as part payment; a good buy. I have several good buys in Winwood Addi- tion; also in Johnson Addition. l am agent for reliable insurance companies. See me for you fire in surance. M. c. High. Allen Bldg.
 9S77-tf
Bisbee daily review., 1921-06-12
OIL STOCKS
COTTON MARKET

NEW YORK, June 11.-Cotton clos ed very steady; net four points lower to five points higher.
Bisbee daily review., 1921-06-12
LIBERTY BONDS

NEW YORK, June H. = Liberty bonds closed today irregular at 3h's $SSS2; first As $S7.SO bid; second As SS6.SO bid; first 4A's $S7.96; second 4A's $S6.94; third 4H's $91.54; fourth 4A's sS7.12; Victory 3A's $9S.40; Vic tory A s9S.40.
Bisbee daily review., 1921-06-12
FOR SALE
FOR SALE-REAL ESTATE

LESS THAN COST-0Je have many modern brick, cement and frame houses listed to sell far below cost. 5-room cement, garage, nice lawn, garden, iron fence and other valu
 able Improvements, $S,500. 4-room frame, with cement garage, 2 lots, well improved, nicely furnished, s3,200. 4-room frame, on the Can yon. furnished S1,775, S275 cash, the balance like rent. List your bar. gains for quick sale with me. We want more houses at bargain prices. We want cars to trade for houses and houses to trade for cars. Don't fol set to protect your life's savings with insurance. If you think you are paying too much for insurance. let us check up your rates. Con- sultation free. 51 Main St. Phone 26. LTF. 10-6-2-tf
Bisbee daily review., 1921-06-12
ROYAL MARRIAGE

COPENHAGEN. June 1.-The mar riage of Princess Margareta. daughter of Prince Waldemar, of Prussia, and Prince Rene of Bourbon-Parma, brother of former Empress Zita of Austria, was solemnized tonight.
Bisbee daily review., 1921-06-12
Legal Notices
DEPARTMENT OF THE INTERIOR U. s. Land Office at. Proenix, Arizona

May 2S, 1921. Fosberg. of McNeal. Arizona, who, on May 2S. 1918. made Homestead Enery No. 05T0S. for SWl4 SEA-, Section 34, Township 22-S., Range 26-E.. G. &; S. R. E. & Meridian. has filed notice of inten- ton to make Three Year proof, to estab- fish claim to the land above described, before James Allison. |. s. Compiss- toner, at Bisbee. Arizona. on the 7th day Of July, 1921.
 Claimant names as witnesses: Fred kenney. James H. Cunningham. both of Lowell. Arizona: John A. Tharine. Of Bisbee. Arizona; Fred LauriZen, of Low ell. Arizona.
 CHNS. F. MARSHALL.
 Register. First publication G-3-21.
Bisbee daily review., 1921-06-12
NEW YORK coPPERs

Furnished by [. J. OVERLOOK, BROKER CotrcshOndeHt Logan 6 Brydn
Bisbee daily review., 1921-06-12
MISCELLANEOUS

HEMSTITCHING and picoting attach ment works on any sewing machine easily adjusted Price $2.50 with full instructions. Gem Novelty Co. Box 1C3l, Corpus Christi, Texas.
 121-6-l2 WOCI,D lise to hear from partw go- 2 ing to coast b4 auto within a week or 70. who would consider taking extra passenger 'Chlt 22) or 67@J, Douelas. J. F. CaTlsDl. l0o--j-12
Bisbee daily review., 1921-06-12
FOR SALE OR RENT

FOR SALE or rent. 4 room house with bath room. sleeping porch. fruit trees, well; also furniture for
 sale. including Victrola. Percy Hugh, 737C Tombstone Canyon, Locklin Car stop. 114-6-15
Bisbee daily review., 1921-06-12
FHSSE The Review Want Ads--Result Getters" PaSSf @
FOR SALE OR TRADE

HAVE a 4-cylinder, 7-passenger car in good shape for sale or will trade for property or light passenger car. Address Box 595, Bisbee
 125-6-12
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-06-15

FORD touring. 1890 oomnlote: Eo9i
prize. 1920 ARCH ar.
LODGE. 1910, touring. winter and summc-
npsi 1870 .r,Yd eo,po. rhone Allan G.
AIs: hylos Dlslrtbutoy .rfr-ore $50.
7lJP tourins. electric starter and liahss;
ssAs SC. e. tNc s.Ss:ss N sS5xf; sS58xAbf AeHaE; oSnS
sNxI.Ay 0iS xyKsIISSSds =; is;SHssfAH 3 SoSs,
s Il ~ I'll sS..s e. yssassss - ;si: .s
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-06-15

CHESTNUT. SO0U---I.nrRc eoSl rooms IN.
furnished: residential section; good dining
room pOTchos.
MARKET, 5016-Furnlshed. housekeeping .
rooms s kitchcnettc; semi or private oath
4Srl ST, SD ru0ms and bath turnishcd
1ant sum. months or longer. Barring oil j
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-06-15
NEW Observation-Disclosures
ATLANTIC IJTY

LESiRABLE roomE with private family Tor
renned adul's; for weEk, month or season;
Chclsea nll ConVeniences, Address Il r. C
10" \. Boston ave, Atlantic CITY.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-06-15

MODERN efficiency housekeeping n pa rtment:
w ocrs Il land: high elevation and Ideal
surroundings, country club AMI fS.hple Polf
links within u bicci; garage en- ,rrr,is.s. .
blocks 20 station and 25 rninrea 10 city cen.
Ter; only, Sl29 psr month on gearly ease
Troad and Cheat Nut
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-06-15

hII1,HnIp tor qu.ck salt--Now look \, bsoa
w m.I"o"h nNr,. wan garage: bast vuIus OF
l"rcu hNy"he'"' foNN, tPru.S. nsU bn.,.
ever roi. appointment hoalrd norcT TorHs' IT,
osvr'. yEaWln- tbs before yuI, nurohh n
rlM- II St"!l. 1921 'N".tnut at Rvruc. nsssss'
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-06-15
FURNISHED APARTMENTS

18TH AND SPRUCE SITS. tTouraire An,,
Frrhshed housekeeping apartment: In,
mediate occupancy. Phone Locust 1880
2lO7 WALNUT sT. (Beth-AI7vn NnI, -.
Caatiy furnished. rooms and bath suite.
refrrrUces. H''e'
TENANTS wanted :"r furnished ap,r,m,,,s
Call Locust 0d97 o. on WhjfLsIJss a "
l.annheM. 18th Rnd Pino. '" "'''
"O2s GREEN ST.--3 rooms nd batn: houss
Keeping cicc, hot water: low rent
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-06-15

SENI-pE "A, HE'D t-sty residence in = 80.
!n'. eIt". light, cTcSl NV. hentlns nvou
6m'., ~ sohd r0ck. hsdrms t!is bs * .nl
Kitchen 1T @O.RxOO H.; adj mouse, onn,, $40 20
owners -" nrICc fOr quick snle
En4Yrs. not Bn,A7lore ags, '' D. M.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-06-15
HOUSEKEEPING APARTMENTS
WEST PHILapFIpu,,
APARTMENTS wANTrr

WANTED-fIousskeepi apartment. 2 or $
bedrooms living room. bath kitchen: nm.
Arch TO Pine; from Septernbsr; staie ne
Address c. L. Murphy. 1917 spruce .,
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-06-15

Widest street in West pS1sd.rpb,.. a.
frFheTtlnl section; con "ul.nt 10 r,,,onI -, ~
etu. We! ,plI' porch f,uut; room. IA Ihea ,,
es0a s "a IL, 97ms' "rMH IauhdrY' hGt.wysispp
."ssi n uren tur j.sT,Ct On. pss-
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-06-15
REAL ESTATE FOR SALE
t'iTA

b-W Y, IITH bI,-lh r00ms rent i05. fur
2335 &. COLORADO ST.-Mod rn. ..
bath: finamed. CLUl.EY 900 e AZ ana
BARGAIN 70 II Fulton. II houses. r.r,
hll: nrtce tI000. FNrrn'l. 7lO ott"
ls+b pALT-SiT rooms. gOad Cund S9COn
MM. ': AE12E lhtn nMi SNYDER ave.
."nl BAlNlbRlDGF-N ne looms etc u.
heal! chsap: EAERkT.l. Tlu : ?Ir y,
-toO BLOCK Chestnut t--lar ~ nos.
price $4,000. Graham lao6 Nj NETnnn
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-06-15
GERNANTOwS

RooMY rpartmcnt. second floor Q rooms
.oppo'tte Park: sn!y $76. GOIDBERC
d21O P1rkrldo ave.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-06-15

2424 y. l3rH-Slx rooms ana bnin ,,,,,,
plumbing. n'wlS papercd and pa I.,tnI
make beautiful Ni'le horne house Omen Ts
and evening. Car II Stu!l. l4ol Chsstn'i
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-06-15
WEST PHILADELPHIA

THIRD FLOOR. porch front. corner apart.
mcnt. rooms. maidE ronnn and bath: i'm
mediate possession. 1929, Ledger Orlce
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-06-15

s29 FISHER ANE,--SlX rooms bsth por.h
all modern. newly napered ana ns H1U,on T,n
only $500 cash needed. ''''
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-06-15

RkAlN 20 m"v" INTO. SUuwuc:rI NsC.r o.,
2o54 Westmcnt ST.. = story q rooms n.p ~
plumbing and parcrtug $500: ke" M 1,, ne"
NERTll.Er, lRlN Y. lnth ~ U-o-
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-06-15

MODERN HOME rooms. Inciosed porch
With heat bathroom. snNwcr. iiron ciose.
beautiful paper arl fixtures hardwood doors
whits and mahogan" paint throughout p5
TIOGA SlS2. 1919 " Newl:!Ik 81 a.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-06-15

SGS s.'''k!,E k,ft ..liins eiio. iigoS. ~
5T5v WAijrDK AVE. = HoJaSa -
Iooung ana bsth. hot-water heat, sss;..
esn afTcaisLf afrTesafs Ia 5 sss;;oi s;o ~, y, sgrdis
s407 WOODLAND AVE. -..rvtvsS 's....t.
s.l., See XII ITEi. s2s a. = deiss =
= ~ .ssI'S X sszkssssi;.t ss; 4
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-06-15

1000 BIOCh SpriIS Garden--LOt 3g -,
front 70 res- street: brownStone IRON, 20
rooms, 9 baths; Gncuss; price sac 900 ~
GRAHAM 1000 Nj Vern0n ~
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-06-15

Nt;LLIHvEN, NJ IIllIb rt, > bath. t150o,
), 5otn a. 6r., 4 bath. " II from, .ssggSS
EllLnnlr x. 1911 y. Ho,h. Ph, BsIrnon, snvV snnaV
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-06-15
2224 SPRUCE STREET

1OI y. FOURTH ST tS T.. co-. Ith ana
Ge9rsef-G G-Sio"y sior" & dwelling rm.
and bath. steam Gctt and rlcCtrIcty
CEAii.ES w. MILLER
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-06-15
! 'OAKLAND
ROOMS FOR RENT

PALGE touring. !ate model 5000, 6aI. terms
ROYAL MOTORCAR CO. nc, Gin 4
BROAD. OPEN SUN. & EVE. Pop. eo3s.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-06-15
MTST PHILNDEIrhIA

|. ST. 800" unfurnlshsd rooms;
The Washington herald., 1921-04-16
DECISION HAILED
AS GREAT VICTORY
Rail Labor Board Upholds
Principle of Agreements,
Declares Jewell.

CHICAGO, April 15.-"Rail work
ers of the nation have won a great
victory"
This was the comment of Bert NJ.
Jewell, president of the railway
department of the American Fed
Grafton of Labor today in speaking
of the decision of the United States
Railroad Labor Board in ordering
present working agreements abro-
gated July l and a new set of rules
adopted.
The decision upholds the prin-
ciple of working agreements" he
said.
Union rail officials are to study
the decision of the board minutely
today.
The decision ended a drawn Qua
fight between employees and rail
management. Three months ago.
w. W. Atterbury. vice president of
the Pennsylvania Railroad and
spokesman for the roads. asked
that working agreements be abro-
gated. Employees bitterly fought
his application.
The ruling of the board is con.
sidered a middle of the road de-
cision. Atterbury's application was
favored but a new set of rules must
be drawn up>
Rail management declared that
the rules were costing them close
to $500, 100000 a year.
The Washington herald., 1921-04-16

cut already has brought was a gen.
eral 10 per cent reduction in the
price OF farm machinery. Cheaper
farm machinery means a larger
margin for the $4,000 farm own
ers, who will thus be ENCOURAGED IN
the direction Of increased produc-
tion- Larger food production means
lower prices TO the consumer.
There are scores Of points NJ
which steel pric6 AFFECT the cost OF
living. although the average indi-
vidual seldom buys it directly.
Rents Also Affected
Rents and building costs, now the
subject of loud complaint. are d.
rectly affected by steel prices, be-
cause rails and bars are largely
used now in construction work. even
in private dwellings.
Railroads and street car lines are
probably the largest single buyers
Of steel. High rail prices increase
operating overhead and necessitate
high freight and passenger rates.
The Washington herald., 1921-04-16
Textile Workers Vote
Themselves Wage Cut

DASvILLE, Va. April lS.-The
operatives OF the Dan River textile
mills have again voted themselves
cut in salary through the opera
tion of the house" and senate" un-
der the policy OF industrial democ-
racy. The wage decrease bill.
which will be brought before
the senate next Friday with
passage virtually assured, pro-
vides for another reduction of
% 4 per cent and brings pay so per
cent above prewar levels. In order
to make the burden easier 70 bear
the reduction will go into effect
piecemesl over a period OF eight
weeks. The operatives voted to cut
22i4 per cent last December. The
legislation scaused little discus
sion, for IL was made plain early
in the year that IL the market for
cotton goods declined further an
other wage reduction might. be
found necessary. failing this the
closing Of the mills.
The Washington herald., 1921-04-16
GRAINS ADVANCE
TOCLOSE HIGHER
Speculative Atmosphere Les
sened and Constructive
Operations Noted.

CHICAGO. April 15.-A decided
phere pervsded the grain markets
today. Lessened selling pressure
and a belief that the big liquidation
is over and that the markets have
been oversold led to constructive
operations among a larger number
of local traders. There was a good
advance and a higher close. At the
finish wheat was up 1Lc for May
and Nc for July. Corn showed gains
OF II to &c and oats were up 4
to &C.
News regarding labor troubles IN
England was a leading factor. Pri-
vate news indicated that the trouble
will soon be adjusted and its infiu-
ence as depressing factor is wan
ing. Good buying of May by a local
cash house and sales of $4,000
bushels here taken by millers as
well as sales for export had a good
influence.
Indications arc that local stocks
will show only 100000 bushels con.
tract stocks here Monday. with poor
prospects of getting any wheat from
outside markets. unless the price
mere advances to a shipping basis.
This induced shorts to cover.
Low prices for corn here and in the
country attracted attention and
there was more short covering on the
weak spots while on the bulges the
corn came out in fair volume. MAY
was up to 56Ssc and finished at ssh
to SIC. Country offerings in Illinois
were larger with sales of No. 2
mixed to arrive at May price. The
seaboard bought futures, and cash
grain taking $4,000 bushels with
rumors of 100000 bushels. Domestic
sales were 10000 bushels. Charters
were for 100000 bushels for Non
treal at Sc. Arrivals were III oars.
The Washington herald., 1921-04-16
MARINE ENGINEERS
REJECT WAGE CUTS
Proposition Involved 20 to 30
Pct, Averaging $40 Reduc-
tion to Each Nan.

NEW YORK. April 15.-Marine
engineers employed on trans-Atlsn-
tic, trans-Pacific and coastwise
boats on both seas flying the Amer
lean flag have turned down the pro-
posed new agreement involving
wage reductions of from 20 to 80
per cent, implying an average loss
of $40 a month to each man.
The agreement suggested by the
American Steamship Owners Asso-
citation also proposed an increase OF
the working day to nine or ten
hours. The present day is eight
hours. New working rules proposed
by the owners contained a declara-
tion in favor of the open-shop prin-
cipIe. The United States Shipping
Board, operating four-sevenths OF
the vessels under the American col
ors, is said to be in accord with the
owners recommendations.
At Fridays meetings of the Ma
rine Engineers Beneficial Associa-
ton it was decided to insist upon
maintenance of the present wage
scale and to propose increases in the
rates of subsistence and pay OF
night engineers. The conclusions OF
the men were sent to the employers
and the Shipping Board. The own
ers will discuss the counter-pro-
posals on Tuesday.
A strike of the engineers involv-
ing a widespread tie-up of American
shipping is said to depend on the
outcome of the negotiations. The
present agreement expires May i,
The Washington herald., 1921-04-16
ADMINISTRATIONS
RAIL POLICY MAY
SOON BE LEARNED
Announcement Expected
Within Two Weeks on.
Transportation Issue.
MANY SUGGESTIONS
Frequent Cabinet Discussions
Present Light on Solution, .
Says Report.

Announcement of the administra-
tion's policy for assisting the great
transportation systems of the couT1-
try to their feet may be expected
within the next ten days or two
weeks. "
In virtually evesy meeting the
President has had with his Cabinet
the discussion of how to get the
nations economic life again on a
basis of "normalcy" has shown that
the railroads constituted the key to
the whole problem. Many policies
have been suggested, not only by
members of the Cabinet, but by in
terested parties outside the govern
ment. These have now been mulled
over in Cabinet meetings and be-
tween the heads of different gov
ernmental agencies, until it is
learned, the President begins to see
a light on the solution.
His urgent hope of realizing this
is based on his belief that an en-
couraging resumption of business
generally will follow IL traffic can
once more be started. Data indicat-
ing the serious depression in busi-
ness today reveals that not even
in the business depression of 1919.
following the armistice, were there
so many unloaded freight cars
standing idle as there are now. In
fact all previous records for sur
plus or idle freight cars were
broken in the week ending April s
when the number of cars for which
there was no freight averaged
5O7,427. or approximately 21 per cent
of the total freight cars owned by
the railroad systems of the coun-
try.
The high surplus mark reached
during the 1919 depression period
occurred one week in March, when
t51.73s cars were idle.
Abrogation n Step.
Abrogation of national agree
ments between railroad workers and
their employers by the Labor Board
in Chicago is regarded here as the
first step toward solution of the
railroad tangle. While the disputes
between the men and the executives
constitute but a part of the trans
portation crisis, the solution of the
labor problem. 1t is held, will remove
one serious element in the situation.
Though President Harding Is not
yet ready to comment on the Chi
cago decision, it is understood he
will approve 1t.
Labor leaders are disappointed
that the national agreements could
not be continued. But they found
much cause for satisfaction in the
sixteen basic principles which the
board laid down to govern in the
agreements that will be negotiated
hNyN ~ IT, It'd,
employers.
. The national agreements were a
heritage of the war, when the roads
were operated by the government as
one great system. Since their re-
turn to private owners the execu-
tives have contended each road
should deal with its own employees,
because of different conditions OBJ
tanning. The men argued greater
efficiency was to be had under the
single agreement.
The Washington herald., 1921-04-16
". Y. Time Money Market
Remains Unchanged

NEW YORK, April 15-The time
money market was unchanged today.
Moderate amounts loaned at Z per
cent, the rate asked. although it
was stated that some offerings for
6o-day money had been made at
6h per cent. Liberty bond money
continued at the nominal rate of 6
per cent.
Acceptance bills were quoted at
from SIS to So discount. The mar
ket was quiet.
The Washington herald., 1921-04-16
TRADING INACTIVE
ONNEW YORK CURB
Prices Somewhat Depressed
On Profit Taking; Oils
Strong.

NEW YORK. April Is. Trading
was less active in the curb market
today and. while a firm tone was
displayed in one or two issues.
prices were inclined to move slight
ly lower on profit taking.
Standard Oil of Indiana and Carib
Syndicate were heavily traded in
and each made further advances.
Standard Oil of New York rose 6
points. International Petroleum,
Maracaibo Oil and Guffey- Gillespie
showed little changes.
Southern Coal and Iron reacted
slightly. Market Street Railway
preferred attracted attention be-
cause a decline of a point on small
sales. Mining issues generally were
steady, with the exception of silver
stocks, which continued heavy.
Mexican Petroleum SIS were intro
duced to the bond section, in which
a quiet tone prevailed.
The Washington herald., 1921-04-16
COST OF RUNNING
ROADS FALLS OFF
Now Declining Faster Than
Revenues, Says Associa-
ton of Executives.

The cost Of running the railroads
now is falling of faster than the de-
cIining revenues. according to a
statement officially issued by the As
sociation Of Railway Executives.
Operating costs declined 7l2 per cent
in February compared with the same
month last year, while revenues
declined but Ala per cent.
This appeared to be the most
hopeful factor in the railroad puzzle
which Congress. converting in spe-
ciaI session yesterday. must struggle
with.
In the six months ended with
March. the roads had a net income
sufficient only to pay 2Iz per cent
on their valuation of nearly sls.-
900. 100000. The railroad security
holders are entitled to 5l2 per cent,
according to the Esch-Cummins
transportation law, plus an addi-
tional !. per cent for improvements.
Strike q Factor.
A shippers strike against the
high freight rates intended to yield
6 per cent is believed one cause OF
the big railroad deficit.
Idle freight cars on sidings to-
tailed 4s5,s04 on March %. according
to the executives association. the
largest total in history. Half of these
were coal cars. Six months ago the
roads were 100000 cars short of
the number necessary to handle the
business offered. The number OF
idle cars is steadily increasing and
now is believed TO he in exceSs of
100000.