davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-12-25
The Northwest

The Northwestern territory. includ-
ing Wisconsin, Minnesota. the Dakotss
Montana and Washington. there is
very considerable territory that will in
time have its agricultural development
through the extension of railroads or
the building OF roads for motor trucks.
In the southwestern corner of Montana.
in Carter and Powder River counties.
there are no railroad facilities and
there has been a discussion of the ex-
tension of several existing lines. but
the agricultural possibilities Of the
country have not, so lar, been proved
to be great enough to justify the
building of steam railroads. For the
rest, the Northwest is we'll supplied
with railroads, although there are many
territories that do not have competing
railroads-that is, are dependent on
one road only.
The result of this study Of railroad
needs made two years ago, revised and
checked up to date. would indicate that
whether or not capital was available
the needs of the country would not call
for any large expenditure such as oc-
CURED during the seventeen years from
1897 to 1914. In 1901. for instance.
there were 5,36S miles of railroad
built; in 1902, COPS miles; in 1908
1852 miles. This type Of railroad de.
velopment is hardly conceivable in the
New-York tribune., 1921-12-25
Christmas Business
Surprises jewelers.
Sales Below Last Years; Buy
ing Confined Largely to
Medium Priced Articles

re-Chrstmas sales at most iewelrv
shops are running slightly behind those
of last year, according to a survey of
retailers in the downtown district
Despite the general business curtail~
ment there has beef less of decline
than was predicted early in the wear
by leaders in the trade
There is a wide diversity in reports
from jewellers throughout the country.
In certain sections business at retail
stores is on par with the preceding
year, while in others only sales in
units are tantamount to the volume in
the corresponding period of 1920, with
marked recession in the total value in
dollars. Jewelry business. on the
whole, however, has keenly felt the eff
1ect OF reductions in wages in indus
tries and. in many cases. the abandon
ment of the usual Christmas bonuses.
Buyers this season appear to have
adopted conservative attitude. This
IS evidenced by the rapidity with which
medium and low priced iewelrv is sell
ing. contrasted with the slow sales of
expensive gifts. This showing, com
pared with the several preceding wears
when buying of high priced iewelry
was almost vogue, amply portrays
the readjustment which the purchasing
power of the public has undergone.
The demand for jewelry is equally
distributed among all popular priced
articles, according to jewelers.. A few
OF the articles moving with regular
ity are watches for men and women
sterling silver toiletwarc and flatware
and diamond studded brooches and
rings with semi-precious stone settings
New-York tribune., 1921-12-25
Southern RailaCay

The South furnishes the best exam
pie of why it would be sound economies
IN the long run TO take up existing un-
profitable railroads. The Southern
Railway itself needs intensive develop
ment For instance, the line between
Atlanta and Birmingham is a single
track, crude, heavy grade line, expen-
sive TO operate and being worked, un-
der normal traffic conditions, to capac-
ity. This line will need to be double
tracked in the near future. 1t may be
difficult to convince Southern Railway
state commissioners that lines should
be abandoned, but it is the unanimous
opinion of disinterested people have
seen who have studied the needs of
the South that the best interests
of the South would be served by the
improvement of overworked existing
lines, even if it is found necessary to
take up a considerable mileage that is
improbable and unlikely to develop
paying traffic in the next ten or even
twenty years.
1t should be made very clear that
there are undeveloped regions in the
South and that the opinion that the
new railroads should not be built to
develop this territory is founded, first,
on the fact that the roads should not
be made to pay, and, secondly, on the
fact that it is possible to develop the
regions through some other form of
transportation facilities. For instance,
Florida has an area of 54,S61 square
miles and has only 5062 miles of rail-
roads but new mileage would have to
be built almost solely to develop agri-
cultural territory, and this traffic would
not justify the expense involved.
In the Southwest there has been a
great deal of unnecessary competitive
railroad building. Where oil has been
discovered, new railroad extensions
often follow automatically. Even if
eventually a pipe line is built into a
new field, the railroads are a necessary
first step in the development of the
field. 1t is quite possible that in Okla
homa, for instance, there will be new
mileage built to further develop min
eral fields that have already been dis
covered or to tap facilities which may
later be discovered The same is true
New-York tribune., 1921-12-25
Difficult Problem

1t will be noted that these existing
electrifica tions were undertaken LOT
two distinctly different reasons. Inc
three at New York were an attempt
and successful attempt, TO meet
difficult terminal problem. The Penn
sylvania's electrfcation at Phisadei-
phia also was for this purpose. Ire
Norfolk & Westerns electrification.
however, was TO carry ,-S.--F tsf'
over grades more economically and 10
relieve congestion. This has been
thoroughly successful project. Ine
electrifcation has materially increased
the capacity of the line electrified ana
has, it is thought, greatly dccressed
the cost of operation.
The st. Paul's electrticaticn OF us
line over the Rocky Mountains mas
been successful in so far as making
operating conditions far better tnan
they were, but has proved. with the
amount of traffic that the st. Paul nss'
to be a rather expensive experiment.
AS to forecasting the future. there
are two serious terminal situations ID
(contInusd or nsst eass)
New-York tribune., 1921-12-25
Large Corn Crop

One reason for the lack of a better
demand for corn is the enormous crop
Of this cereal produced this wear bv
the South, more than enough for it's
own needs, when in the past it drew
upon the surplus corn states for much
of its wants.
Livestock, wheat and oats are only
trihe higher proportionately in price
than corn and consequently there is no
especial reason, save necessity, to sell
them That is about the only reason
that agricultural commodities are COM
ing to market in such volume as now
prevails. The farmer must have monev
to make some purchases, since credit
Is ltticult for him to obtain. But the
scanty returns he receives for his
products offer no inducement for him
TO sell, and consequently business upon
the countryside continues in moderate
volume, although it is really LARGER
than would seem likely under prevail
ing conditions.
Matters arc somewhat better in the
Southern states, although the recent
decline in cotton put crimp in that
general buying which had got we'll
under way This buying was also af
fected by the revelation that an Official
estimate of this years production of
cot'on was apparently wide Of the
mark
New-York tribune., 1921-12-25
Steel Industry
Turns to 1922
For Recovery
With Year-End Dizziness
Enveloping the Trade,
inferest Centers on is~
pected Upturm Next Year
Mergers To Be Completed
Improved Conditions To BE
Looked for Soon After
Jan. J.; Prices Sustained
PITTSBURGH, December "a.

PlIISB u RGH, December "a.
XZEAR-END quietness is felt
in all lines of steel activity,
and finishing production does
not average above 35 per cent in the
district. Interest, therefore, centers
in what the first quarter of 1922 has
in store for the industry. Leaders
Of independent producers generally
believe that there will be an upturn
in buying, but some are inclined to
feel that the gross volume of bust
ness placed during the first three
months of next year will scarcely
equal that of the final quarter of
1921.
President James A. Campbell, of the
Youngstown Sheet and Tube Company,
is among those who believe that buy
ing will show an appreciable improve
ment before the end Of the first half
This is especially likely to manifest
itself in the higher steel products and
particularly those required by auto
mobile builders, such as sheets, plates,
angles, strips and bars. Demand for
the heavier steel products, it is con-
tended, is more likely to be dependent
on a freight rate reduction. 1t is pre-
dicted that rate cut sufficient to war
rant good volume of business will
be forthcoming, so that by the open
ing of spring, general trade conditions
will be appreciably accelerated
New-York tribune., 1921-12-25

Of Texas. Texas. furthermor.--- -,
some virgin timber country. and oa
possible that line built from S G. y
port on the st. Louis &. Soutasa....e's ..e's
to Beaumont, Tex. could hs r,safl sssefl
pay through the timber which co,iS IS .
taken out Of that territory. Il nv nv y
be also that oil would be discovs,aaIsah!
that ncighborhood. u
The central western region ;n.,u.
the territory from Chicago ,1es' IN y
Louis vest to the Pacific Ocean
important through lines have ~ lS'
built in competition with tbs .,s y.ea
transcontinentals through this taS. ~s'
tory. One was the Denver & Sal. III II
which was started by David Mos..s a
run from Denver to Salt Lake s,s. 70 %
never got across the transcontins1...:: =:
divide with line that could be az
nomically operated. and the o.bs, w. W.
the Western Pacific, which dragged ~
Denver & Rio Grande down into bsrs sl'
rurtcy. 'sH1-
There is a sixty-mile wide str;n =.
territory lying between the Bur1i,pp..O1. B1p ..
and the Union Pacific in Nehrsssa
which will probably in time he sAs.s !.
ve!oped through one or other W., ",
building branch lines into Il, Nv Nss.
Mexico has a considerable terr;.or.
without railroad facilities, but the no.
ulatlon is SO small that the niisaere ~ =
railroads already built is corons,. "
lively high-about 74is miles for s,s.
10000 inhabitants.
In Colorado there is a terr;.oru
about one hundred miles long w.
nearly as wide which at present has NJ
railroad facilities at all. Il Is in .Ss
southeastern corner of the state snS
the land is fertile when put under cnl.
tivation and is now a grazing countr
In Wyoming it is quite possible tn,
large mineral deposits may be opened
up. Prospecting has been going an
for some years, and traces of gold. siI.
YER and coal have been discovered
The Big Horn Mounts ms. on the north.
ern boundary of the state. are now
crossed by the Chicago. Burlington 4
Quincy. and here is an example .,
agricultural development. combines
with the development of water ,power
and irrigation projects. which is prov
inc that If the territory to be de-
veloped is fertile enough. railwsv
building for agricultural developmen,
can be made profitable. The Big Horn
territory is bringing in a substantial
net revenue to the Burlington.
New-York tribune., 1921-12-25
Some Slight Relief

AS always, there are many mino,
causes that relieve and alleviate tho
stringency in the agricultural situa-
ton. There is the dairy COW and the
poultry bird. whose products furnish
much money to the farmer on tho
whole. There are fruits in the North
western mountain and desert states
end IN California. There is garden
truck in the Gulf states and the pa-
enc Slope. There are many minor
crops--rice, beans, cranbcrries and
sweet potatoes whose use and market
are being extended by drying and nre-
serving. processes. There is tobacco
where 1t is selling, as in North Caro-,
ma ana Virginia. But where it is
tooleo' as III kentucky and Tennessee.
mere Is deadlock between buyers
ana sellers with nothing doing, and
consequent stagnant business. Thera
is the oil business in MANY states M
deniabiy on the upgrade both as to
production and prices. although nros.
pectlsg and drilling seem to be general
~ quiet, save in a few localities
notably the Mexia field in Texas.
wore building is going on than is
generally realized. because it is local
and and scattered: ,,, Also there is. much
more more looked for next spring. as it is
Delieved by that time that high-priced
labor s, and material will have cot theirs
mere is likewise general expectat tion
that with the opening of spring it viii
pe o: easier to obtain money for construc-
ZION IN the country districts.
Other industries are not so we'll og
me shipbuilding industry has become
Mining in general Offers
little encouragement. Phosphate min
ing IN Florida is mostly shat down be-
cause of lack of demand from Ger
many: Coal mining, save in the an
,hracite regions, is not booming. The
lumber business has helped the situa-
thn tlon much in LOCALITIES, especially in
;"e yelio" pine districts. just now it
Is slowing down because of the an
proach of cold weather, but expects all
sorts Of business next spring. espe-
clally if the handicap of high freight
ratios ho o'Ae
New-York tribune., 1921-12-25
Mergers Newt Year

1t is predicted that 1922 will see
| the consumation of some OF the merger
negotiations looking toward consolida
! ti0n of various independent groups. Ii
is generally held that the combination
which has the best opportunity of sue
ceeding is that involving the Sheet and
Tube Company, Inland Steel Company
Chicago, and the Steel and Tube Com
pany Of America, also of Chicago. De
velopments this week indicate that the
Trumbull Steel Company, at Warren, is
being actively considered in merger
with the Otis Steel Company, Cleve-
| land; Bourne Fuller Company. Cleve-
land, and the Donner Steel Company
Buffalo. There is also likelihood that
the Cleveland Cliffs Iron Company
Cleveland, would also be included in
such a grouping.
Purchase of the Carnahan Tin Plate
g. Sheet Company, Canton, by interests
controlling the Falcon Steel Company
Niles, viii result in an important
sheet and tin plate interest being de-
veloped. This negotiation has been
consummated and the new owners will
take charge and operate the Canton
property in January.
That wage rates in the steel industry
in the Mahoning Valley are stabilized
for some time to come is the declara-
tion of an important Valley manufac-
turer. No additional reductions are
contemplated, it is stated, until liv-
ing costs are further reduced 1t is
unfair to ask the steel worker to take
further wage cuts in view of the fact
that he has done his full share in this
respect, states. this interest. Common
labor rate in this district is 80 cents
per hour, with straight time for over
of
4G cents during the war and time and a
half for overtime
That business in the Shenango VAL
has shown remarkable Improvement
during the past few months is evil
denced by the decrease in the number
of idle workmen. Last spring when a
majority of the plants were forced to
cose approximately 1900 men were
thrown out Of employment. To-day it
is estimated the number has been re-
duced to about 5000. Some of the
men are working a few days a month,
and the percentage of the men forced
into total unemployment is smalt The
men employed at the blast furnaces
teen smelters in the valley. exclusive
Of New CCastle. Only one is in blast
The workers, however, have managed
to get employment elsewhere. I'M
proved conditions are anticipated
shortly after the first Of the year and
manufacturers assert that the mills
have successfully weathered the storm
and increased activities will come dur
ing the first quarter of the new year
1t is also probable there will be some
big extensions to plants during the
coming year involving an expenditure
estimated at several million dollars.
The starting Of the tin plate mill of
the American Sheet and Tin Plate
Company at Farrell helped the unem-
ployment situation considerably. The
mill is now employing 2,100 men, an
increase of 800 over the preceding
week. Prospects are good for steady
operation. Taking advantage of the
temporary shutdown of four of the
hot mills of the sheet plant, the fur
naces are being overhauled in pre-
paration for resumption soon after
January L.
New-York tribune., 1921-12-25

mas. the week Immediately preceding
the all-important day showing a de-
cided let-down. The biggest day for
the season was Saturday, the 18th,
when in several local stores the size
of the crowds and. sales totals exceeded
all previous records.
New-York tribune., 1921-12-25

Chairman Committee on Statistics,
United States Chamber of Conn.,
nlcrce.
TIME story of business condi-
tions which comes from the
four corners of the United
States is that of continuing stagnant
markets for all farm commodities.
coupled with prices below the cost
of production.
The situation differs as to localities
IN degree rather than in kind Farm
crs arc buying only things of immc-
dlate and pressing necessity, for the
very good reason that most of them
have neither ready money nor credit.
They are in an economizng mood that
has taken grim hold upon them. Coun-
try banks are loaned up all they deem
is safe and the statements of manv
observers is that getting money from
banks for any purpose is imposs :"
Business Is quiet in the spring wheat
states, especially where the harvest
was poor or where the quality Of the
wheat was not good. Much the same
situation prevails where corn is the
principal money crop, and where its
price is so low that it is tragic in it's
erect on business and on the needs of
the farmer. The price is now far be-
low what it was during it's high period
in war times. These conditions account
tor poor business in the spring wheat
states of the Northwest and the corn
growing sections OF the Middle Wes+
New-York tribune., 1921-12-25
abandonment OF Railroad
Mileage in u. S. Continue,
This Year Fifth in Succession That More n,
Been Scrappcd Than Has Been Built, Accord
ing 10 Estimate; Development Is Intens;6s,
By William E. Hooper

probable will year in succession
railroad mileage has been abandoned United S
built This applies only extensions If @
does apply third fourth all tho
New-York tribune., 1921-12-25
Gains Over Last Year

On the other hand, our denartments
nsnoiing Injuries of the cheaper type
nave gone ahead of last year. One ri
my good friends dropped into my office
JUS. ane other day after having done
some shopping in the store. asked
him what he had been buviny II '1eu da'
weloped that his principal purchase was
e gi1t Tor his wife. Last year he had
bought her a solid gold mesh bac for
which he paid between 5000 and S70o
This year his gift was a toilet SCI
which cost him less than $500. He is
a wall Street man, and | believe his
"uy'ng temper is illustrative of most
Of his class" " ''io'
One class of Christmas merchandise
tnaC mas done exceptionally we'll is
toys. Although prices this vear ara
less than last year for sim;lar nsr s,e
SShandlse, nearly every toy department
mas rolled up larger sales total than
1t ala year ago. Some of the most
expensive toys have been poor sellers
ouC tne demand for medium and low
priced toys has been excentionaIlv
good. People may cut down on their
g'fts to adults" said the manager of
one toy department, "but it is NV ex
perience that they VIII strain several
points to make their kiddies happy.
have stood on the floor here dav afte,,
a
large purchases of toys made by people
whose appearance indicated that their
financial standing was pretty far down
the scale
But even IN toys there has been some
silght tendency toward what might be
considered economy. The proprietor
OF little furniture shop up town.
which puts in fair stock of Christmas
goods, has sold practically all of it's
small chairs and tables for childrcn's
use, while the number OF doll car
riages sold has been much under an
ticipation. "My customers seem to be
buying with an idea of the greatest
amount of use they can get out of any
article" he said in explanation.
In one respect Christmas shopping in
New York deviated from the usual.
The height of the shopping period came
later in the season than usual In one
store, for instance, sales totals on
Monday. Tuesday and Wednesday of
last week were larger than the totals
for Wednesday, Thursday and Friday
of the previous week. Ordinarily the
peak Of the shopping would have been
Fatsed about two weeks before Christ
New-York tribune., 1921-12-25
Stocks Depleted

That steel stocks in Detroit ware
houses are largely depleted. is the
statement of steel manufacturer
whose representatives recently have
conducted an investigation of the situa-
(Contnued On next pase)
New-York tribune., 1921-12-25
Lower Cost of Transporta-
ton One of Matters of
Moment That Add Hope
OF Improvement Later
Building Projects
Show Steady Cain
Large Corn Crop Most
Retarding Factor in
West, Says Trade Writer
By Archer Wall Douglas

Chairman Committee on Statistics,
United States Chamber of Conn.,
MlcrCe.
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1921-04-09
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The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1921-04-09
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The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1921-04-09
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The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1921-04-09

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