davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1921-06-19
MAN ATTACKS GIRL;
FlEES IN DARKNESS

CUMBERLAND, Md, June 1S.-Re-
port was made to the police that an
unidentified white man had attempted
10 mistreat Frances Deter, eleven
wears old, about $3.50 o'clock Tuesday
night near williams street. Several
suspects, picked up and taken before
the girl, were declared by her not to
be the man, and they were released.
The girl, who Is small for her age.
LEFT the home OF her parents, Mr.. and
Mrs. Charles Deter, 81 Baltimore
avenue. about o o'clock, and was
given money to buy candy at a Balti-
more street confectionery. train oc-
cupied the crossing at Baltimore
street. and the girl went down In the
subway. She says young white man
acco.ted her and asked her to go Park
street and carry a package of linen
10 a laundry and he would pay her.
The little girl accompanied him, and
on williams street. near lumber
ward. he seized the child. Her cries
brought several Baltimore and Ohio
car men and her assailant ran away In
the darkness.
The Washington times., 1921-06-19

ger Bros, Albert Pick. Sterling
Welch. II. r. Stone, the Boston
Store, Frank Rogers, George F. Otto.
Carson, Pirie. Scott & Co. and th$
McElroy Company.
The attendance at the sale was the
lightest of any day so far and II Is
estimated that not more than about
so was the average Of those present.
The selling was begun at a. m by
Mr.. Hoyt, of Wilmerding, Morris &
Mitchell. auctioneers.
The Katonah velvet rugs were
moved OF at prices which missed the
repetition of Mondays high price OF
$3.50 on the 1874 size by only loc. In
the selling of the 27x5 inch Katonahs
the Arbuckle Company took three lots
CT 25 bales each at prices ranging
from $40 to sI.45. There are twenty
six or these small rugs in a bale
Renaud. Pack & Hills and Trorlicht-
Duncker were also prominent buyers
The Nepperhans on The smaller sizes
repeated their prices OF Monday, while
the 11.2 and 1924 did not make the
full average of Monday. The offering
of Carlton administers was quickly dis
patched, and among the leading TAX
ers were Trorlicht-Duncker Peck q
Hills, McElroy,' Empire Carpet Com
pany and Marshall Field & Co.
The Washington times., 1921-06-19
Brokers Financing
City of Detroit

A new syndicate, composed of
Guaranty Company, of New York, the
National City Company. Bankers
Trust Company. Harris, Forbes e. Co,
Eastman, Dillon & Company e. H.
Rollins & Sons. all of New York. and
Keane, Higbie & Co, and Detroit
Trust Company, of Detroit, has pur-
chased of the City of Detroit $1,000
900 bonds; $4,000 900 US due May
1049 and $4,000 6s due June, I947.
The syndicate has also taken over
the small remaining balance of
bonds on the previous syndicate and
Is Offering the 8 per cent bonds mat
turing in various amounts from 1927
to 1851 on a SEQ basis and the 5h
per cent bonds, maturing from 1881
to 194S at par.
The S2,oo0,oo0 City Of Detroit SIS
and 6s are issued by the City for
street railway purposes and are the
bonds recently validated by the su-
preme court of the State OF Michi-
gan.
The decision OF the court handed
down on June referred to a similar
suit In the Federal courts. in which,
upon appeal, the supreme court OF
the United States heI6 that the pro-
ceedings TO authorize the municipal
railway and TO Issue bonds were
regularly taken.
The Michigan Supreme Court also
The Washington times., 1921-06-19

have now begun selling again. fliing
the Chinese demand.
According to one authority on silver
the outlook for the market depends
largely Upon four factors. to all OF
which uncertainty now attaches. FIRST
of these Is the course of sterling ex-
change, which Is particularly diff
cult of prediction because of Ger
many's reparations preparations. Sec-
-ond Is the amount of silver, IL any,
which Germany will offer for sale in
connection with these payments. Thiri
is the development of economic con-
ditions in China and India The posi-
tion in the former country closely
parallels that existing here with much
credit frozen In commodity loans aud
liquidation now setting in.
In India the situation will be deter,
mined by the monsoon. which has
started to break, but according to
present reports 10 mild and of unsatis-
factory proportions The fourth fac
tor Is the restriction of production.
The United States. under the Pittman
act. Is absorbing domestic output,
while at the same time production In
Mexico and other foreign countries IS
being sharply curtailed. II it were
not for the absence of demand this
shortage might be expected to cause
an advance in price, 1t was said
The Washington times., 1921-06-19
CREDIT MEN
ARE HOT after
TAXPROPOSAL
Any Form of Sales Impost Is
Opposed by Big National
Association.

SAN FRANCISCO. June .1s.-The
National Association OF Credit Men
will be asked in its annual conven-
ton here tomorrow to adopt a res
olution placing 1t on record as op-
posed to both the excess profts tax
and the tax on general sales
The report to that effect is to be
presented by Roy G. Elliott, OF Chi
cago. chairman OF the committee on
Federal taxation. In IT the commit
tee demands the repeal of the excess
profits tax and declares its opposition
eral sales or turnover taxes.
In dieu OF these taxes the commit
tee proposed that the Association of
Credit Men adopt a resolution reaf-
irming its belief that income taxa
ton should be the cornerstone of our
Federal system of taxation"
The committee recommends that
the income tax be levied only. on the
income of individuals. and not on
corporations as such. II, however.
individuals permit their earnings
from corporations to accumulate In
the hands OF the business organiza-
anu lnus dttStnpt u hht
individual income tax, the commit
tee recommends that tax should be
imposed on the undisturbed earnings
of the corporations.
The resolution puts the committee
on record as heartily in accord with
the recommendations of Secretary of
the Treasury Mellon, that the issue
of tax-free securities should be re-
stricted.
In support OF the resolution the
committee on Federal taxation argues
that the excess profits tax is dis
criminatory and harmful to American
business and that a sales or turnover
tax would be an inequitable tax on
business IL IL could not be shifted
II the business interests were suc-
cessful in shifting the sales tax en-
tireiy onto the consumers, the COM
mittec said. this would violate the
principle OF taxation in accordance
with ability to pay.
The Washington times., 1921-06-19

US. Produces 40 Pct.
OF Worlds Supply

American manufactures comprise than 40 per
cent of the worlds total O. p Austin stastcan of the Ma
ona City Bank declares in article in the issue of
The Americas" His assertion based upon analysis of the
United States figures covering production t9t9
which PERIOD he notes. probably represents the hghwater mark
in the countrys history.
"Uned States manufacturers broke their record and
the worlds the value of manufactures turned out in
1919 Preliminary figures of the 1920 covering the value
all manufactures produced by the factories of the United States
the calendar year grand total of
the gross value the 1919 output against s24
in 1914 $40, 100000 in 1900 s4,75oooo 900 in 1904
and 500 900 in 189o The value of the 1919 output
is two and one-ha times much that of 1914 three
times that of 1902 four times that of 1905 and than five
times that of t8oo only twenty years earlier
The increase in the iyeyear period t9t4-t99
S8 per against average qinouenna increase of 2S
in the preceding five year periods represented by the
reports 1899 to 1914 The highest percentage of
gain manufactures turned any the preceding
qunquenna periods was that of i9o4i9oo which the in
800 per cent against 5S per cent the qun
quennum to14-t9fo.
The Washington times., 1921-06-19
Carpet Auction Shows
Values Are Holding

NEW YORK, June 1S.-Though
the Alexander Smith e. Sons Carpet
Company's auction now in progress
at their salesrooms in this city
showed no tendency toward higher
prices yesterday, values as estab-
lished in the earlier days of the sale
were about maintained.
The administers averaged close to
repeating the figures made on their
previous appearance, while the tap
estries were not always so well sup
ported, and small losses from their
earlier rates were recorded. Jobbers
remained the leading operators.
The Offering OF the 1900 rolls of
carpetings was the feature of yes
terday's morning session. Prices
ere par to Ave per cent lower
than on their appearance in the
May sale and a broad demand was
uncovered whenever there was an
appreciable drop in price.
Milloy Skelly Carpet Company was
probably the largest buyer of the
carpetings, taking number of
good sized balances.
Among the other operators who
were prominent in the taking of the
yard goods we're noted, Armon. Wolf
& Co., William Volker, Trorlicht-
Duncker, Marshall Field & CO., San
The Washington times., 1921-06-19
MANY WOMEN OF LURAY
VOTE IN TOWN ELECTION

IJIRAY, Va, June 1S.-In one of the
most hotly contested elections ever
held In I,uray, william v. Ford, an at
torney. defeated ]. A. Hammer for
MAYOR by seventy-two majority. @. w.
slusher. for a number of years chief OF
police. was reelected over r. T. Hern-
don who was not a candidate for the
office but received large number OF
votes.
Herndon was a candidate for coun-
Gilman and received for this office
seventy votes In addition to the fat
tering vote for chief of police. w. Il.
Frank led the ticket for town council,
other members OF the council elected
were NJ O. PrIntz r. L. Ronalds and
I n Minis. the latter polling the
smallest vote. Large numbers of wom-
en- voted.
The Washington times., 1921-06-19

went on to uphold the validity of
the special election held by fthe city
April 8, 1920, at which the voters by
very decided majority authorized
the bond issue and municipal street
railway program, and upheld the
power of the city to issue the bonds.
assume the obligation and to con
vert money raised by taxation to the
construction of its street railway
system"
This action OF the court erfectuaiIy
disposes Of any question as TO the
validity OF the bonds and establishes
their investment position on the same
basis as other Detroit issues. The
approving opinion of the ATTORNEYS
for the bankers is rendered by John
&c. Thompson.
The Washington times., 1921-06-19
State Buyer Is on Job.

CHARLESTON, w. Va, June IS
H N. Bradley. the new buyer for The
State board OF control, has arrived in
Charleston and assumed his duties
He formerly assisted in organizing
and serving as assistant cashier OF the
jefferson Banking and Trust Com
pany. OF Charles Town. He served
two terms as postmaster at Charles
Town. and has been connected with
the postoffce there nineteen years
He has two married daughters. He
succeeds NJ. C. Morgan, who died sew
erai months ago in a Baltimore hos
pital.
The Washington times., 1921-06-19
CROP PROGRESSES
FAVORABLE IN ALL
NORTHERN WORLD
India Alone Has Below Average
Yield in View, U. S. Sur
vey Reveals.
ny international News Service.

Average seasonable progress has
been made during the last month by
agriculture in the Northern Hemis-
phere, with the exception OF British
India, according to oficial reports
received by the Department OF Agri-
culture and made public today.
The agriculture situation in Eu-
rope is classified as "auite promis
ing, with few definite causes for
complaint The wheat crop in Eu-
rope and northern Africa will ap.
proximate 103 per cent of the area
of wheat in 1920, II is estimated, but
the 1921 wheat harvest in British
India-the initial one in the North
ern Hcmisphere--has been adversely
| affected by drought and hot winds
in most of the important wheat
growing tracts. The general condi-
tion of the crop is reported as ~only
fair"
Other reports are made as follows:
Canada, unusually favorable cli-
matte conditions; France. cereals
looking more promising tnan at any
time during present season; United
Kingdom, official crop reports most
satisfactory; Belgium. weather ia
vorable, early sowings hindered by
dry weather; Netherlands, autumn
| sOWlnEs uO1nR wei unuer favorable
weather conditions; Denmark. rain
has been plentiful ana crop situa.
tion regarded as satisfactory; Swe-
den, crops making good progress
Germany. seeding has been completec
and rain has favored termination OF
the late sowings; Hungary rainy
| weather has had good effect on win
| ter-sown crops; Bulgaria, insufficient
| rain during frst half or April very
unfavorable to growth and develop
ment of spring crops; Czecho- Slo-
vakia, crops fairly good; Italy, recent
| rains indicate favorable outlook.
! Spain. crops reported TO be suffering
| from lack of moisture: north Africa
favorable reports continue TO be re.
| ceived,I crop situation exceptionally
good In Morocco.
Argentina, the greatest wheat ez-
| porter of the Southern Hemisphere
has reported that the autumn sowr
crops have entered the month Of
June In vigorous ana healthy con-
dition-
The Washington times., 1921-06-19
u. S. READY TOSELL
+ NITRATE PROJECTS
TQBUS|NESS MEN
Henry Ford or Other financiers
Will Have No Difficulty in
Effecting Bargain.
ny international New. Service.

II Henry Ford or any other Ie-
sponsible business man. or group OF
business men, wishes to take over the
War Department project at Muscle
Shoals, Ala. he will have no Difficulty
In dealing with Secretary OF war
Weeks.
The Secretary made this plain tc-
day in commenting upon rumors that
Mr.. Ford wasN contemplating the our-
chase of the property. Mr.. Weeks
said he personally had not been IN
communication with Mr.. Ford on the
subject. and had no information other
than rumors that the Detroit auton'c-
bile manufactures had any such In
tentions, but he said he was veady TO
talk business with any one who couid
convince him that they were seriously
interested in the project.
The Muscle Shoals project" sail
Mr.. Weeks, has already cost the Gov
ernment s16,0o0.000. 1t will require
$40, 900 900 more to complete the pro-
Ject. II any substantial man or group
of men can convince me that he can
take over the plant and run with prof1t
to himself and to the Government,
shall gladly recommend to Congress
that the additional money be appro-
priated. If the enterprise cannot be
carried out with pnpft to the country
and a sufficient profit to those who
may operate 1t to warrant them In
undertaking 1t. / think II would lie
foolish to throw good money after
bad"
The Secretary stated he did not
plan to make a trip to Muscle Shoals
in the immediate future. as he did
not see that the situation could be
improved by such a visit He tndi-
Gated a willingness, however. to 30
operate in every way possible to bring
about a satisfactory solution of the
problem.
The Washington times., 1921-06-19
Germany May Ship
/ Much Siluer to u. S.
ADVANCING
WASHINCTON'S INTERESTS

Reports current in the financial circles of the East that
Germany intends to place sale large quantities of silver in
connection with its preparations to meet the epaaons payments
Bankers and bullion authorities without confirmation of
these rumor but it expected the develops
will be largely directed to the United States dollar credits
will be much in demand by Germany.
The unusual fact of shipments of silver
the United States has already been witnessed.
The aggregate of the shipments coming forward according
to bullion dealers is not great amounting only about
ounces but ordinarily the movement would not have
The circumstance of the current shipments attributed the
desire of Germany to arrange dollar credits here Most of
that have been received have represented private
transactions, it was said.
The silver that is being shipped from Germany this
try is the product of German refnees which
dions absorbed by domestic consumption or shipped to
London the natural it. The latter is understood to
be restricted now by heavy import duties.
The Washington times., 1921-06-19
BUYING
SENDS SOFT COAL
/ PRICES DOWNWARD
Pittsburgh Screened Gas Is Only
Coal Showing Strength
on Market.

Still further recessions in prices
during the second week of June
marked the progress of the bitumin,
Gus local trade from spring dullness
to summer lethargy. Goal Age
index declined 1 point. from 96 on
June Z to 95 on June II, the lowest
in three years.
But one coal showed strength
Pittsburgh screened gas, and that re.
suited from the marking up OF the
price after a brief recession below
schedule. In nearly every other field
lack OF demand for spot shipments
brought small breaks in prices on
current shipments, 1t is reported.
Along the Atlantic seaboarG ex-
treme dullness continues. The end
of the British strike has been dis
counted well in advance and business
strictly dependent on England's stop.
page has largely ceased.
Onshore exports in May were
1.559,0O0 net tons, largely G,217.ooO
tons) through Hampton Roads, n
record within 200 900 toms OF the
highest point reached (October) last
year. Despite the large movement
prices of smokeless coal at tidewater
have dropped.
1t is interesting to note that ex-
ports from this country by water in
April, May and prospectively in June
total about 100000 tons above the
rate of shipment during the first
three months OF the year. This is a
measure in tons of what TO date the
strike in Great Britain has meant to
American export trade.
The Washington times., 1921-06-19

Encouraged by their continued
success, those raiders who are so
prohtably manipulating the mar
ket. turned their attention to Stude-
baker and halted its advance.
The pool that is working in Stude-
baker, while strong one, refused
to stand and take all the stock
offered. They decided to abide their
time and wait for a more favorable
time to bring about another nd-
vance When they decide to DO so
their chances are good
There was very good buying
around 10. and as earnings and
present outlook are very good there
Is ample ammunition to work with.
Combined with other favorable fea-
lures there is talk OF an extra diviI
dend.
Many traders scofr at the possi-
hility at such a time. pointing out
the uncertainties of the economic
situation. However, others feel
that such action would not be sur
pristng, as the company could make
a payment out of current income
and stin show a margin of surplus.
The Washington times., 1921-06-19
ROADS WEARING OUT;
c. OF c. ASKS REPAIRS

WINCHESTER, Va. June 1s.-Some
Of the roads constructed in the Win
chester section by the state highway
department already are disintegrating.
according to a statement issued by the
chamber of commerce. which has ap-
pealed to State Highway Commission
er Coleman for relief. The roads are
wearing out, II is said, because they
have no bituminous binder to hold
them together.
The Washington times., 1921-06-19
Woman Edits Paper.

CUMBERLAND, Nd, June ls.-Miss
Annie NJ. Gilchrist has been appointed
managing editor of the Bedford In
quirer, Bedford's Republican weekly
She has had number OF years ex-
perience in newspaper work, having
been proofreader on that paper. as
we'll as the Gazette and a reporter for
the Altoona Tribune. Henderson
Points. who held this position for the
past three years, recently resigned Ia
anraRe in other business.
The Washington times., 1921-06-19
PRODUCTION HOLDING STEADY.


Production of bituminous coal is
holding steady at the rate of 5000, 900
tons a week. Actual output in the
week OF June 4 was but 6,S35,00 tons,
due to the holiday May 30.
In the past four weeks production
has been approximately. equal to con-
sumption-that is, about 30,000,0 900
tons a month, after deducting total
exports. A comfortable tonnage is
moving on contract and new con-
tracts are being closed
Every effort to open discussion
with the United Nine Workers for
wage reductions has failed. Central
Pennsylvania producers have tried II
and with results that will cause
others to hesitate. Prospect of re-
ductions in union wages this SUNNI er
appear distant. No one can see be-
yond this.
Non-union coal at lower wages con-
tinues to push union coal in the East
ern market. This is particularly true
of central Pennsylvania, Somerset and
Connellsville coal
One thing is certain, however. and
that is when coal mine wages are re-
duced. coal prices will go down to
correspond, which is not what Is GO
ing to happen when railroad wages
drop on July /. There will be no gen.
eral reduction in freight rates on coal
this year. Locally many changes
may be affected, but only, as in pre-
war days, by rate hearings and much
delay.
The Washington times., 1921-06-19
Sues Pennsy for $4,000.

HAGERsToWN, Md. June 1S,-A
suit has been filed in the circuit court
here by Richard Markes against the
Pennsylvania Railroad Company for
$4,000 damages for three broken
ribs and other injuries he claims to
have sustained in an accident caused
by car OF the defendant company
stsnsi-s n lumber pile on which ho
was working at the Hagerstown Fur
niture Compsnys factory.
The Washington times., 1921-06-19

fHc PfICe OF sIIVer HdS lAteIy unier-'
gone a slight furry. advancing frem
below 34d in London to 354 d per fine
ounce. which set in at the start of the
week, carried the quotation down TO
3bd- The temporary advance was at
trfbuted mainly to buying by China
and by the Indian bazars. The latter
The Washington times., 1921-06-19
Pupils Win Promotion

SALEM, Va. June s.--Records OF
the seventh grade pupils of the Salem
Grammar School. show that eighteen
have been promoted to the high
school. The number graduated from
the seventh grade OF the rural
The Washington times., 1921-06-19
a.xxINc AND FINANCE

R.NxJNG AND FIHANCE
the growing strength OF the Fed-
eral reserve system, and the ehor
nous size Of it's accumulations OF
gold continue to be the outstano-
ing feature OF the banking shua-
tion.
According to the statement made
public on June II, the stock OF goio
has now reached a fgure OF ABOUT
81 .455, 600, 900. or roughly speaking
$3.50 10000 more than a year ago.
Nevertheless, the decline In mornings
Of bills discounted continues
AS result OF the growing
strength of it's reserve a further cut
of one half per cent In discount rates
was inaugurated by the Federal Re-
serve Bank of New York on We'd
nesday without awaiting the ex-
tension of this policy to other re-
serve banks the market has already
witnessed a distinct easing of the
call rate, accompanied thus far, how
ever, by but little change In time
money condition.
The pan developed by Secretary
Mellon in connection with New York
banking interests for the establish
ment OF pool to be used in financ-
ing the cattle industry has been ac-
cepted with satisfaction as desirable
substitute for the proposed scheme OF
securing an appropriation OF 100000
900 from Congress TOR use by the War
Finance Corporation in giving help to
the cattle men.
Foreign exchange rates during the
week have on the whole reflected bet
ter conditions. although they have not
been free from occasional reaction.
MARKET REVIEW AND OUTLOOK.
Stock Exchange business has been
upon a moderately good scale during
the past few days, and the technical
position of the market has been de-
cidedly improved by the liquidation
lately taking place and the fact that
quotations for many stocks are low
enough to prove attractive.
Advances in prices. such as have
occurred from time 10 time during the
week, can be relied upon to take place
sporadically whenever there is any
definite movement to cover. The sharp
losses, like those in the sugars and
| oils, are due to special conditions
At the present moment, however
there is not much to give stocks any
strong upward movement, since little
help can be expected from the out
side public, whose accounts have been
badly damaged by the recent decline
and who have besides grown too tlmid
to make new ventures on a large
scale.
The continuation of dividend omis-
sions and reductions is undoubtedly
a depressing influence, but 1t should
be remembered that, although June 10
is not ordinarily regarded as an i'm
portant date in making dividend pay
ments, there are about 100 companies
whose shares are bought and sold In
this market which made the usual dis
bursement TO their stockholders on
that date.
In all less than sixty companies
have now suspended dividends, while
several hundred will pay them as
usual on July /. So far as individual
stocks are concerned, there Is no
doubt that moro than ordinary dis
crimination Is required in making Sc
lections, many issues being desirable
purchases at present levels, while
others may still be classed as doubt
full.