davidaulloa/AmericanStories huggingface dataset:
Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1921-04-14

THE Legislature, in a fit OF moment
airy r%ectitude, passed an act reducing
the income tax rate from 1H per cent
to / per cent. Gov. Hyde has vetoed
it. I believe "tax reduction was one
of the camouflaging Republican slo-
gans last campaign.
Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1921-04-14
FoRsALE.

One Fine Dwelling Honse in Mid
dlebrook, Mo.
II. BUEcHsENsCHUETZ.
The Washington herald., 1921-04-30
FRACTIONAL RISE
FOLLOWS OFFERING
OF RAILWAY BONDS
Trade in Greater Volume
Participating in Issue
Pleases Syndicate.
LIBERTIES ACTIVE
Northern Pacific Great North
ern Loan Ahead of Sub
scriptions.
LIBERTIES ACTIVE

NEW YORK, April 2s.-Having re-
gained their poise yesterday on in
dications that the syndicate floating
the Northern Pacific-Great North
ern loan was ahead of its subscrip-
tion schedule. bonds were bid up
fractionally today. Trading was in
greater volume than it had been
in any single session in many days.
No statement OF the actual amount
of subscriptions to the joint loan
has yet been made, and none is ex-
pected until the books close tomor-
row at noon, New York time. II is
understood however, that the syn
dicate is well pleased with the pub
lie participation in the issue.
Liberty bonds accounted for more
than the usual percentage OF today s
dealings. and on this occasion they
were active on a rising scale. The
3Ls. having closed on Thursday al
$3.50. went up to $3.50 by early
afternoon. The third AZ went from
9O.44 to 1915 before meeting any
resistance. and the fourth AIS rose
from $40 to s776. The most re-
markable feature of this group was
"a sharp advance in victory az S
from Thursdays closing price OF
$3.50 to $500. In actual points the
appreciation here was not as great
as in the third and fourth loans. but
il was notable in view Of the short
maturity of the victory issues For
eign government issues were in
clined to sag. Exceptions to this
trend were the United Kingdom 5lL s
Of 1922 and 1929. both OF which
advanced fractionally in the face
OF disquietinG news on the English
coal strike. In this connection the
strength NJ sterling exchange was
significant
Railroad bonds recovered frac-
tionally. Canadian Northern IS went
up to toos;. ST. Paul convertible
4I.s up : full point to say. St Paul
debenture - from 5sit to SIX. and
Norfolk and Western Is from 74S
to 75i!. Industrials moved with the
rails.
The Washington herald., 1921-04-30
ERRATIC TREND
In CURB MARKET
Advances in Active Securities
Offset by Declines in
Weak Issues.

NEW YORK, April 2e.-There was
a good deal of irregularity about
price movements and market tone
on the Broad street curb this morn
ing, some issues being active and
strong. but with advances offset by
declines IN other issues. An impor-
tant feature of the trading was the
large dealings in Anglo American,
which rose to 1914 the highest price
touched in a long time. Many of the
low-priced issues were also active
and strong. Elk Basin being stead.
lily bought Ind ranging from 9b to
9@. and Simms Petroleum was
another strong feature, advancing
to 9a.. Ryan Oil was firm. selling
at SiA. Announcement was made
that the Tidewater Oil Co. had OBJ
tanned control of the Guffey-Gilles-
pie Co. on the basis Of SIS a share
This announcement caused some
liquidation of outside holdings. on
which the stock yielded to - but
later rallied to l4Ss. Gilliland was
one of the weak features. falling
from I5lz to Is. Carib Syndicate
was fairly active. selling at SIS to
~.
Intercontlnental Rubber was the
strongest of the industrial shares.
The Washington herald., 1921-04-30
COFFEE MARKET.

NEW YORK, April zs.-ln the sb-
sence OF development 7otsnt
enough TO stimulate agEress,5o Or
erations on either side the mark
dragged along in a marrow ruL me-.
OF the time today. The ring was o.
serted for long periods ard p-lce-
responded readily as snElI ordc-s
appeared on either side AlthouEf
the public cable was generally re-
garded as fairly satisfsrs Dry In ts,1
face OF our decline yestr Ray, sur
port was poor at the star .u6 man
offerings from tired and GtElsl-sre
longs caused declines OF o II
points. Subsequently the. wax loss
pressure and q few srnzW r-y.nV
orders forced prices up DO g.-vf-gs
closing levels or slight hEa-r.
The hrmer tone was pa-tlv rrscs-
able TO the appearance a. hry.rg
order from a trade housr FOR s.u0F
July at $500. the low PIE a he
call
The Washington herald., 1921-04-30
WORLDS COAL PRODUCTION
INCREASED IN 1920
North America Now Produces More Coal thar
Europe. Large Increase in Exports.

figures are in part estimated be-
cause official statistics are slow in
coming in. and for certain countries
like Russia no figures are available
However. official reports have been
received covering 80 per cent of the
worlds output so the margin of
error is not Large.
In only one year during the war.
viz, 1917. did coal production exceed
that for the year 1913. which was
considerably larger than any of the
years Immediately preceding it,.
The 1920 production was only per
cent less than that of 1913.
Another point brought out in the
above table is the increasing i'm
portance of the United States in the
worlds production. In 1913 We pro-
duced 3S.5 per cent of the total,
while in 1920 this percentage had
increased to as. Before the war
Europe was the greatest coal pro-
ducing grand division, but the de-
vastation caused by the war lost
that place in favor of North Amer
lea, which really means the United
States. The following table COM
pares the production of the differ
cnt grand divisions in 1913 and 1920.
ID Divisions-lsl3 and 1890.
The Washington herald., 1921-04-30
Pessiniistic Reports
On Mericasa Oil Fields

Reports Of Federal agents ON
the oil situation I'm Mertee sur-
port the conteutiOn OF hieh on
eiais that the United states rev.
erhment must look eIsewhere fer
s future oil supplies o. w..
aiseIesed yesterday.
The present predseInr oil selSs
OF heHieo will soon he q matter
OF history, the report Of one
agent stated hIuntIy.
The leaSe Of life for soue ef
the best producing oil wells wa.
placed st from si1 month. % On.
year.
salt water has already tsk.-
possession Of many wells sra 4.
now thresteninE others. tue ~
port stated. One well 1rifR /. -
tentisI production Of saoss
barrels q day, went ists .sit
water early this year. rs- aav,
after ft was tied into 1fpc liss
the agent reported.
The possibilities OF new su
Acids I'm Mexico were Lrfa ~
certain
The Washington herald., 1921-04-30

which must be paid by the fabrica-
tors outside OF Pittsburgh and.
eventually. by the general public
All this the complaint alleges pro-
vides an effectual method whereby
the steel manufacturers of the United
States maintain uniform prices
among themselves: all of which re-
strains free competition and tends
to substantially lessen competition
throughout the United States by tn,
respondents and their competitors
Chairman Huston Thompson ant
Commissioners Pollard and Nugent
voted for issuance of the complaint
Commissioners Gaskill and Murdocl
dissented.
The Washington herald., 1921-04-30

selling at 11k to 11E Acme Coal
was dealt IN on a fairly large scale
at l6s II was stated that promi-
nent interests had been accumulat-
ing this stock for some days past
and this buying was attributed 10
information in regard to the acQui-
sition of the Kentucky property
with large coal reserves. making the
company an important factor in the
coal industry. Eastern Illinois COM
mon stock was selling at 13. South
ern Coal and Iron was quiet. with a
small amount of business at s. Co.
lumbia Emerald sold at 2s,
The Washington herald., 1921-04-30

In 1920 the total production in
europe and IN North America were
almost identical. Together these
two grand divisions produced over
90 per cent of the worlds output.
Asia is the only other continent that
produces any considerable amount.
and that is less than 10O. 900. 900 tons
per annum. The following table
gives comparative figures on the
production of a few of the more i'm
portant countries of the world for
1919 and 1920. The figures give the
total of anthracite. bituminous and
Ignite.
Production Of Coal in Principsl Countries.
The Washington herald., 1921-04-30
TIMELY WALL STREET TOPICS

NEW YORK. April 2s.-The more
optimistic Of two major factors in
nuencing the stock market today
made a greater appeal to the Wall
Street Imagination and stocks ad-
vanced. Failure of the parties to the
British coal strike controversy to
reach an agreement was subordinat-
ed to improvement in the reserve
ratio of the Federal system. For a
while the sharp reaction in Mexican
Petroleum threatened to precipitate
a general reaction, but the persistent
strength of many other specialties
and of the. tire group as a whole
was a steadSing factor. In the after
noon the market became irregular
but the disturbing factor seemed to
be a technical market consideration
the taking of profits in anticipa-
tion of the trading holiday to fol-
The Washington herald., 1921-04-30

The Geological Survey, has just
issued a preliminary summary Of
the worlds production of coal for
1920, from which the following hg-
ures are taken. The 1920 world
production, compiled from reports
from the principal countries with
estimates for the remainder,
amounted to about 1900. 100000 me-
trio tons of 2204.6 pounds each. In
1919 the world production was esti-
mated at only 1,l5S.000.000 metric
tons. but that was the lowest pro-
duction recorded during the last de-
cade. The following table gives the
worlds production since 1913. with
certain comparative figures:
WORLDS COAL PRODUCTION.
The Washington herald., 1921-04-30
Iction Of Coal in Principal countrie..

The eHeCt OF the war upon our
own export trade is shown by the
following table, which gives our
exports by calendar years from 1915
TO 1920, inclusive. Exports of coal
did not increase very greatly during
the war years because our own con-
sumption was so large, and there
was too great a shortage of ship
ping to handle much bulky material.
In 1920 exports were about so per
cent greater than the year before.
md nearly 100 per cent greater than
in 1918.
Exports Of Coal from o. S.
The Washington herald., 1921-04-30

Prices realized on Swift - EarrH -'
carcass beef in WaShingtoo TO- BseE u-F.tf
Saturday, April q, 1921. On tGa1Ds a-T sol
out. ranged from IS centH 70 y n-rEs -
pound and averaged 1875 ees-s 80 poIua
ADV
The Washington herald., 1921-04-30

difference in cost of selling or only
allowance for difference in cost of
transportation.
Unfair Conpe titioa.
Paragraph ten declares that the
system complained Of
% Enables Pittsburgh steel man
ufacturers to secure substantially
per cent of the steel manufactur-
ing business of the United States
and discOurages establishment OF
factories outside of Pittsburgh, but
encourages them there.
CD Enables the steel manufac-
turers to maintain substantially
uniform prices.
(3) Enables the high cost steel
manufacturing plants at Pittsburgh
to maintain sufficiehtly high prices
for their product to operate at a
profit without their business leo
pardized.
90 Enables the lower cost steel
manufacturing plants outside of
Pittsburgh to secure not only the
Pittsburgh profit, but large addi-
tional profits, because they manu-
facture at a lower cost than at
Pittsburgh, and charge a higher
price for same. namely. the Pitts
burgh plus price; and. finally,
go The Pittsburgh plus price en-
ables the manufacturers outside of
Pittsburgh to increase their profits
each time the railroad transporta-
ton charges on steel are increased,
since the price charged is Increased
accordingly.
Cites Instances.
In paragraph eleven the complaint
sets out in detail the effects, among
others, of prices by the corpora tion
through its subsidiaries. Examples
are given in detail tending to show
now the Pittsburgh manufacturers
OF products containing steel are
given undue advantage over COM
petitors whose factories are located
west or south of Pittsburgh; how
the Pittsburgh fabricator has an ad
vantage over the Duluth fabricator
VINO sells in Pittsburgh. and that
the Duluth fabricator has no adyan-
tase over the Pittsburgh fabricator
VINO .seiis his finished product in
puiuth' example is given tending
10 snow that the Pittsburgh fabri-
Gator has the advantage over the
Chlcago fabricator in the sale of
nnlshed products at halfway points
oetWeen Pittsburgh and Chicago
AS an instance of this charge II ia
pointed out that with the Pitts
6urgh base price at $50 per ton. the
Plttsburgh plus price at Duluth was
$3.50 the added $3.50 being the
imaginary freight rate from Pitts
ourgh to Duluth. With tn. Iate
SO l-a per cent increase in freight
rate on rolled steel the additional
1880 was increased to 1890, max
ing the Pittsburgh plus price at
Duluth ss3.2o. though no freirht
cnarse is incurred on such steel
when manufactured. and delivered in
Duluth. The Pittsburgh base price.
II Is further pointed out. at Pitts
ourgh is not increased with the in
creases In railroad freight rates, so
tnat the fabricators outside of Pitts
purgh are subjected to increased
determinations with each Increase
OF railroad freight rates, the addi-
tional unearned profits thus being
secured when IL increases the Pitts
ourgh plus price with each increase
in rates aggresating large sums
The Washington herald., 1921-04-30

low tomorrow's short session. Fca-
lures Of unusual strength were
Adams Express, New York Dock
Kelly Springfield and most units OF
the tire group.
A remarkably good earning re.
port covering the month Of March
was responsible for the frmness OF
PennsyiNnia Railroad stock in to-
days market. Like numerous other
railroad statements published with
In the last few days 1t came as 6
relief to the great body of traders
who had bought good railroad stocks
a while back in anticipation Of a
turn in the tide. The Pennsylvania
system as a whole showed net in
come of s2,70s.000 for March. an in
crease of s6.7o2.ooo over the sam.
month of 1920.
The Washington dispatch respon-
sible for the break in Mexican Pc.
troleum purported to furnish the
gist of a report made by Federal
agents who had Investigated oil
conditions in Mexico. 1t was stated
that their findings went to the
point of suggesting that American
interests must look to other delds
for a sure source Of petroleum in
the future. Much was made Of the
possibility of inroads being made
by salt water. Wall Street people
who have made a close study ol
the oil situation were in a more
active mood for a story Of this
kind. They harked back to tn
ratification OF the treaty with Co
lombia which was carried out witt
the consent Of several American
statemen who seemed unalterably
opposed to the treaty only a few
months ago. They pointed know
ingly to the plans announced foI
the mouth of the Magdalena River
Colombia, by a subsidiary of the
Standard Oil Company of New Jer-
sey: to the working agreement
made between the New Jersey com.
pany and the Maracaibo Oil Com.
pany. which owns property in Co
lombia: and to the announcement
made eis morning that the Tide
water Oil Company had completed
negotiations for gaining control OF
the Guffey-Gillespie Oil Company
which is another Colombia pro.
ducer. The inference drawn from
these and other recent bits Of news
was that the large companies were
seeking control over properties out
side of Mexico, with the Colombian
treaty to pave the way in the fields
of Colombia.
Everything was going along
nicely in today's stock market
when a dispatch came from Wash
ington casting reflections on Mex
ico's future as an oil producing
country. Then Mexican Petroleum
broke in such a manner that the
rest of the market could not con
tinue its upward progress. The de,
cline in this particular stock wa
all the more marked in view Of It's
previous rise to 151k. q price which
compared with lIsh at the close
yesterday. Traders made q rush tC
sell II a few minutes before noon
or as soon as the text of the dis
patch in question could be scanned
From ISL II slid down under a
heavy volume Of sales, droppinc
quarter and half points between
transactions until 1t reached Ia
within a half hour. The decline di,
not take place, however, without
stern resistance being offered. Ex-
citement ran high around the Mexi-
can Petroleum post on the stock
exchange.
The Washington herald., 1921-04-30
Exports Of Coal from o. s.

Copyright. 1871. by Washington Herald.
The Washington herald., 1921-04-30


Production Of Coal BY Grand Dvidons-lsls
The Washington herald., 1921-04-30

low tomorrow's short session. Fca-
lures Of unusual strength were
Adams Express, New York Dock,
Kelly Springfield and most units of
the tire group.
The Washington herald., 1921-04-30
WORLDS COAL PRODUCTION.

Metric tons.
New-York tribune., 1921-12-23
All-Russian Red Council
Opens To-day i'm Moscow

MOSCOW. Dec. 2l.--The opening or
the all-Rusian Soviet Congress, which
was to have taken place to-day, has
been postponed. 1t probably will be
held Friday
In the mean time the all-Russian
Communist Conference is meeting to
decide what shall be the action of the
party at the Soviet Congress. The
repre- natives of the Third Intcrna-
tlonale sitting in the Communist Con
ference include Carr, representing the
United States; Renal, representing
Germany; Katayama, representing
Japan, and Souvarin, representing
France. Nickolai Lenine, Leon Trotzl,y
and Zinovietf are among the presid~
ing members of the conference.
The conference is considering six
questions; first, the actual aims of the
Communist party in the economic re-
establishment of Russiaa second. in
dustr.y; third, agriculture; fourth, the
clearing of the party of undesirables;
fifth, the attitude Of the party toward
cooperative organization, and sixth.
the Third internationalo and its new
tactical problems.
Leo kamenetf, President of the Mos
COW Soviet, and many OF the other
Soviet leaders are addressing the con-
ference. The general impression pre-
walls that the congress will greatly ex-
tend the suffrage as a result of the new
economic policy and permit many trad
ers and the employers Of labor TO vote
New-York tribune., 1921-12-23
China Will Fight for
Rights, Prof. Hung Says
Peace Her Ideal, but sIniqui.
tous Treaty Obligations Must
Be Removed by Powers

Peace in the Far East depends on
whether the powers wlii understand
peace as China understands it, in the
opinion OF Professor William Hung,
of Peking University, VINO addressed
Rotarians yesterday at the McAlpin
Hotel OH "China at the Washington
Conference" Not through any agso-
citation OF league Of nations alone could
China's position in the Far East be
judiciously interpreted, he asserted.
The speaker depicted his countrynen
as people who, having no reason fer
desiring additional territory or natura!
resources greater than those they now
enjoy, are Fundamentally nor-wsr'ilse
and peace-loving, with no spirit OF ven
geance TO compromise that spirit He
intimated strongly That if pressed to
it. China would throw her millions of
man-power to the front and thereby rid
herself of the ubiquitous treaty chli-
cations" thrust upon her.
"On the other hand,' said Professor
Hung. "if they will recognize the spirit
nurture 1t and protect it--remove it
from these obligations they have inn
posed upon it-they will soon enable
China to contribute to the peace of the
world, which will be as profitable 10
them as to the Chinese. 1t is only
through understanding that we can
abolish prejudice and only through
sympathy that we can eliminate ha-
tred"
1t seemed difficult for other countries
to feallzo, he added, that China has no
need OF encroachment of any kind, po-
lltlcal, economic or military, upon any
Of her ncighbors.
New-York tribune., 1921-12-23
agreement on Rules of
Warfare To Be Deferred
Committee to Aduocate Action
Later litter Tiescs of Other
Nations Haze Been Obsaiued

IRON The T,ib&neS Washington BsyccY
WASHINGTON, Dec. % (By The AS
sociated Press).-The committee on
rules of warfare of the armament
conference was understood to-day to
have reached the conclusion that it was
impracticable to formulate binding
rules in this respect when so nlany ma
tions are not represented at the pres
ent conference.
The committee has decided, it was
understood, to recommend that after
adjournment of this conference a sys-
tematic inquiry should be undertaken,
through some agency to be designated
by the conference, to develop the views
OF nations not participating in the con-
ference. The committee Will rec
ommend that after this informa-
tlon has been collected and studied
the effort to frame some rules of war
In conformity with the views expressed
should be resumed and invitations sent
to all nations to join in the movement
'Ihe committee on gas warfare also
was said to have reached an impassc,
partially as result of American tech
nical experts favoring use of poisonous
gases in war In opposition to the tech
nical experts OF other powers. The
American advisory committee, of which
General Pershing is member. has
recommended the abandonment Of the
use OF poison gas in warfare, but other
American experts have held that the
use Of gas is actually more humane
than attacks by shells and machine
guns.
New-York tribune., 1921-12-23

tho Japanese delegation, in order. as
was stated by the latter, to enable
them to obtain instructions from Toxic.
''In view of these facts, tho report
In one of the influential New York
dailies to-day to the effect that Anal
adjournment Of the armament confer.
encc would bc possible before Christ
mas Day were ii not for China Is OBJ
viously unfounded.
"Similarly, the abatement In tho Same
newspaper that there Ia great deal
OF resentment against the Chinese
among tho American and British delc-
cations, due to the feeling that the
Chinese are not willing to cooperate
with those whose only thought it is TO
help them, appears to be far from
what is known to be the actual senti-
ment Of Chinn's friends. The truth is
that there has been no closer co-opera-
tion with any delegation than with the
American and British.
"It has been and is the sincere de-
sire Of the Chinese delegates to work
in close harmony with a those who
are known to be sympathetic and
friendly toward China. Indeed, the
progress which the conference has al
ready achieved to date on the Far East
ern question is the best proof of the
spirit OF mutual helpfulness and CO.
operation which animates the relations
between Chinese and the other dele
Eations.'