davidaulloa/AmericanStories huggingface dataset:
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-23
A. {. MASTEN & co.
FINANCIAL REVIEW

(Ry Private Wire 10 ~ T.. MaStcn & Co..
New York. May "l--Thn induStrial
average is back to where ii was Il month
ago and the railroad group Is still al
most three points higher. Nrvrrthe.
less, VIC feel the rails are nearer Il
purchase than the induStrials and that
some stocks. &. & O.. among them
should he bought at market W" would
buy all OF the railroads which We have
recommended in the past whenever they
sell OFT from current luvcl$.
We thought an opportunity would hE
presented as 4 result Of {. " -. act ion
yesterday. hut there was demand for
rails and in almost every case they
recovered from the lows.
Nevertheless. the {. " q. develop
mcnt suggests ugly possibilities clS"-
whcr" and we expect that rails Will cam
Gel at least half nf their gain since
April II. which would mean approx
matrly two points further reaction.
ON such reaction "" woald huy Atchi-
son. Il. & O. G. e. o.. Kansas city
Norfolk. Reading. southern l'aCihr. II.
ION Pacific and ST. l.. q s. w. II. !. and
Colorado southern. DO NOT EXPECT amy
hir bear market To develop in rails.
We REPEAT they arc tn" chcarCSt Se'"li i
ties nhtainahlr and with reduction IN
operation costs and the railroad bust
ness thoroughly drflat"d. We are con-
Hdrnt that they will enjoy major up
ward movement this year and "" are
not apt to get many more opportunities
to buy railroad stocks hCf"r" such I
move starts. We would continue I"
walt for induStrial$. expecting the
prices outlined in our message May u.
Remember tho market does not act as
4 unit and railroad selling VIII nroh-
ably b. completed before industrial
selling Is finished. Therefore We eX-
pcct motors. oils. St"elS. equipments.
coppcrs to I've obtainahlc 1T prices which
would Justify waiting although We
would buy the railroad stocks here. 49,
1t Is understood WillyS-orcrland Will
Immediately annnunr" SuhStantal TO-
ductionS in prices Of all models "l
Overland and WillyS-knight ears In K"
into effect June LIST.
We soc no reason to change M" vic"
that n side way movement VIII prevail
to a large extent during the next few
weeks during which period stocks VIII
again revert (" TN" strong hands from
which they wCr" dlSirihut"h lhr'"
weeks ago.
.IslanT oil & Transportation has com
pI","d well in McXiran Held flowing AT
rate of %unU barrels daily.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-23
FINANCIAL OPINIONS.

NRy Private Wire to 4. L.. MaSten Cos
New York. May "l.--Wc hcll"v" that
conservative purchases Of seasoned
securities will prove profitable in the
long run.
Financial News Bulletin: Dividend
unscttlcmcnt dominates market Senti-
mCnt at the moment. In professional
circles there is confident prediction OF
Il drive To dislodgr II large amount nj
long stock said l." be protected 10y stop
loss orders. Scale down buying orders
in the tohtCrnS. sound rails. rnPpcrS
and utilities arc reported ready {" TAX"
stock which may hr thrown over In any
shake out, something which usually "'-
ours when the speculative long inter
est has 0vcr-rXtcnd"d and as II apr"r'
entity has done lately Judging from the
very generally bulliSh ton" Of market
literature which development has been
responsible for growing caution h"t'u
IN IN" last two rr three Sessions on inc
part of traders who are strongly buiIlSh
for the pull but who say they would
not he surprised to see Il final break
followed by sharp recovery.
New York, May %I.--Th" security liSt
suffered t. tn" extent Of one I" three
points Yesterday because "f p"SSimiSm
on railroad stocks Renewed "Xp"cta-
,jons arc cXprrSScd Of Il further r"dur'
lion in the re- discount rat" 10y local re-
serve bankS.--Walkcr brothers.
New York. May "1..-lrr>id"nt smith
of y. Y. Central WAS asked y"Stcrda!
by Srn. Watson If tho railroads went
on with present rates and costs in CT
feet, could they make money. 10"
,.,n.t do it, answered Mr. Smith because
costs are too high. Next 80 days should
show 4 way out Of this operating rA-
rcnsc bv expected reduction of |" to :"
pcrrent in wage account. The turn Tor
hcttcrncnt. in sentiment towards ran
road securities may hr nearer thah
thought. traders were Influenced by the
of adverse dividend act"fS
and rumorcd wheat damaG" reports INTO
selling the entire list around the Close
W. J. Wollman & Co.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-23
Weekly Market Review
BY J. d. MERRIAM L CO.

Depreciation Of quoted values in the
New York Stock Market made further
substantial progress during the weeks
session. Reactions extended TO ma
jnrity Of the popular issues. the only
exception being 4 few Spccialtes pro-
tcctcd by bull pools.
The SANG diSrouraGinE factors which
served rs restraining influences in the
preceding weeks session were operative
again. Chief among these were the con-
tlnued tiGhtnrSs of money rates and adj
ditional dividends suspension. Railroad
securities wcrn the outstanding features
in the downward trend. Wall Street
has reached the conclusion that il will
take longer than it first thought for the
carriers to get back on their feet. ana
when Chesapeake Il Ohio deferred action
on it's dividend these fears became
acute. Tho result was that large blocks
of stocks came out and were offered
constantly at concessions. Industrial
STOCKS with few exceptions declined
sharply. The recent action of Republic
iron n Steel In passing IT'S Common
dividend had depressing influence on
tn" steel issues that has not yet been
overcome.
ON Il basis Of actual value Republic
common looks cheap At It's present
price. As AN example its working cap
ital increased slSooN.ooo over the last
SIX years. the equivalent Of s6OON
share. on the common. In addition
10000. nnn t. slj. uon. roo wcr" spent for
ACQUISITION and new construction. Hal-
am" after diNidcnd:; for In" last SN
years Was equal 1" about sl"@O" i
share.
In spite uf the perpetual uncertainty
In stock market affairs. tho present
looks Ike one Of those rare oPportunl-
tics to eventually capture big profits
at small risks.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-23
THE WHEELINe INTELL'e ENcER
WEEKLY BUSINESS REVIEW
Consumption Of Candy in United States
Increases 800 Percent in Three Years
CORRECTION. Is Substitute for
Alcoholic Beverages Is the
Opinion of Wheeling Car
amel Manufacturer.

Candy consumption has increased 50"
percent during the past three years IN
the United States. Various reasons are
given for this. but probably the one
most accepted is that sugar. which con
tainS tho finest alcohol supplies IN" need
Of that Stimulant. in Il vastly decreased
way, to be- sure. 10 men and women Tor
mcrly addicted tn the free use Of alro-
holic liquors. Tn" more pure. whole
some candy one eats the more one Graves
it, not rs An nYCr-indulIcnCc. hut /" b"
eaten regularly and in moderation; thus
i, acts as 4 food. supplying TO the body
what fuel does to the fire
Tom Anderson. we'll known sixteenth
street caramel manufacturer. CAV" out
this statement along with other inter
cStinE facts about candy. as follows,
Candies that have been highly co..
ored. although with vegetable colorInE
matter are not considered altogether
wholesome. Iurc. uncolorcd candy made
Of the best dairy products and high
grade sugar only. is tho best and can in
no wise be harmful unless partakcn of
too frequently and in too great guam
tty."
Mr.. Anderson guarantees his product.
which he ships not only to West Viz
sginia points. as well aShaTinG extensive
trade IN Wheeling. but also tn cities and
towns in Illinois, Michigan. Indiana.
kentucky. Ohio and Pennsylvania, to be
the best of pure dairy corrections; not
containing any OF the inferior materials
so often used in candy manufacture.
such as corn starch flour. Eclatinc. gum
arabic. caramel paste and the like. lie
offers a reward Of $1,000 TO any person
who can prove that tho Anderson
product Is other than Mr.. Anderson
claims.
Candy Cheaper Now.
Compared with the price about this
time last year. candy is now selling at
20 percent less. Candies retail At from
10 cents per pound to $3.50 per pound
throughout the country. The most cX-
pcnsively priced Confcctions are put W
in fancy boxes, which ar" partly re-
sponsiblc for the high price. Why pay
an exorbitant price Gov such candy
often not up 10 standard and merely
popular because of extensive advertis-
ing-whrn the purest and best cream
caran els arc to be obtained anywhere
for only sixty cents a pound" Wheeling
candy makers arc famous not only in
this city. but in many states. as Is
proven by the thriving and ever grow
Ing caramel trade Mr. Anderson enjoys.
summer Decline Felt.
With warm weather full upon us. tho
candy trade is beginning ~ decline. and
will be very slow throughout the sum-
NOR months: folks are now looking to-
ward the cooling fountain 40 satisfy
their sweet tooth. Rut with tho FIRST
chill breeze of fall. back they Will s."
to their first allegiance.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-23
Electric Drive in u. S.
Coast Guard Service

Tho new Tampa. 2to foot cutter was
launched April 18th. at Oakland. Cali
fornia. Tho successful application OF
American hattlcShipS led 10 it's adoption
in the t. 6. Coast Guard service. The
FIRST Tampa was sunk with all hands on
board in Bristol. Channel. presumably by
q torpedo from m enemy submarine.
The new Tamra. the first Of four cleo
triC=tlly propelled cutters being built for
the government is expected to develop 4
speed Of l. knots. This cutter will hr
easier to control and can he reversed
in much quicker time than it's pr"dcC"S-
sur. a feature of imIortanC" in this type
OF boat. Then too. there is total lack
of vibration. giving more comfort u
those on board and reducing the hull
strains. The four now coast guard cut
ters. including tho Tampa are being
built for the L. $. Treasury department
by construction company OF Oakland.
Gal
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-23
BRIGHT FUTURE SEEN
FOR WHEELING STEEL
wheeling steel Operations at 80 Percent
Capacity Above Average

Howard IIazlctt & Son in their weekly
review Of rho Wheeling stock market
Satday, said:
"a new luw-rcc"rd for Wheeling Steel
uA'nnn was made in the trading OF the
week on the Wheeling Stock Exchange.
Rcartiunary prices were general pul
nothing declined 81 prccipiately a"
Steel common which sod down on Fiji
day To CO.,.
IS, me Of our very good friends have
interpreted our recent uttcrances con-
corning this issue as being unfarorab'c
towards it. We hasten to assure any "i
such that far from being or tho bear
side Of the market. especially as re-
CARDS Wheeling Steel. VIC are decidedly
publish" When We say "hulliSh' we
would not again be miSintcrprct"d. We
have no notion what the immediate fu-
ture may have in store for this issue.
We may even go further and add that
what the immediate future may bring
will cause us little concern aside from
the regret we always feet when E""h
stocks sell too low. liut over a pcriOu
OF time wc arc publish" We know
very well that when BUSINESS becomes
more settled. when the railroads Will
again be placed in position to buy ana
lastly when the public realizes all "t
this Wheeling Steel common Will so like
Il house aiire.
Local steel operations seem 10 II"
well above the national independent
average which is from 80 percent I" 30
percent. Tho Wheeling Sfccl Corpora
ti"n will run next week nj about % per-
cent c:ur.tcity. We arc not in position
to say how profitable these operations
may be. National steel trade publica-
h,,y n G.
steel business Surely buyers arc not
falling over one another to commit
themselves in steel products. But
Wheeling Steel must be getting some
business because We doubt II the men
in charge would run half Of their plants
Just to see the smoke come out
Finding in Wheeling seems to be on
4 larger basis. The daily turnover this
week while not large. was OF very re-
spectacle proportions. II includes sales
Of all of our principal securities but for
the post part without important
changes in price.
"Marland's last day as a curb stock
was another sad one for IT. Tho big
board rs the street calls the New York
Exchange apparently did not like II ~
@% for il opened for its premiere 1T col?
This WAS doubtless due TO the willing
ness Uf i crowd OF shorts to sell some
ones else took.
bankers are hopeful that easier
money is n possibility OF the Immediate
future. The available supply may be
just n little more plentiful but cnnccS-
Sions in interest rates are not easily
ohta ina bic and the most optimistic
broker cannot truthfully say that M has
any spare funds at his disposal even 1T
current high rates"
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-23
STEEL INDUSTRY
STILL SUBN0RMAL
Dun & Co. Cover Week in Pittsburgh
IRON and Steel Report

Finishing capacity in Ia" steel indus
try still = engaged much below normal
with more or less !TrcHularity in opcr-
atiorS and plants r"Suming are In Il
measure offset by suspensions AZ other
20 ntS. Specifications for PIP" have b""n
sufficient tn start som" equipment in
this line. bur in Other developments
new business again IS dormant: buying
* evidently EauG"d /" ahS"lut" require
mrut& and the sentiment that prices
have not fully rcccd"d has not been
overcome.
Shrc, mill operations arr not steady
and the percentage of actual capacity
lis estimated 10 have recently decreased
Indications point I" the automobile in
;crcStS buying sntrinGly: seeking bot
tom quotations on sheets. strip steel
and other descriptions.
Reports arc currcn, that tho railroad
interests have placed som" business for
plates and structural material but rs Il
general proposition. the tonnage actual
IS placed with the plate mills is meagrn
and structural specifications are Still
less than normal though improved in
4 moderate degree.
Stock items ut tin plntC ar" quoted
at about sI.75 pittsburgh per base box
and hot rolled steel quoted AZ $40 to
s215 Pitt ShurGh. Merchant steel bars
arc named 1T $3.50 Ia $40 Pittsburgh
and on iron bars the situation favors
tho purchaser: the easier condition with
pig iron rcflcctinS n decline Of about
81 per ton from the April averages.
Current quotations arc about SCI Va
ley for basic and s24 Valley for BeSSe-
mer with foundry No. " quoted at $23
and $o?.iO Valley. The scrap market
has not yet IuiCkcncd to any extent
prices remaining practically unchanged:
heavy melting steel being quoted at Sl3
and $3.50 Pittsburgh territory. Coke,
also remains in the do!drumS: produC-
ton is low and interest in contracting is
entirely lacking. That SO and under AT
oven is possible for furnace coke is
mentioned; with foundry coke quoted
about $3.50 at oven.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-23
HOSPITAL LIGHTING

The lighting Of 4 hospital ward -
quit" Z problem as the conditions "r"
such that the greatest car" must lie
exercised in eliminating glare among
patients who are Obliged to lie on cots.
in rows, facing each other. \ general
illumination must II" provided but thIS
should not he sufficiently bright I" an
nuy PATIENTS Desiring I" r"%t nor so
dim as 10 prevent the Sup"rviSorS from
noting individual conditiuns.
When opaque rrfrCtorS OF great ccnth
are placed quite close TO the ceiling 'ha
lamps within are invisible to patients
lying in bed. It is important 10 remcm-
her that the whit" linen on tho beds
directs a large amount Of light upwards.
so that tn" us" nr opaque r"nect"rS
does not pru,lurT AN impression or
gloom. The lighting Of huSrita! cor
riders requires soft. moderate light
Of medium intensity which can h" oh
tanned from either n direct Srni-in-
direct or lniir"rt system or illumind-
ton 1t il possible In improve" old light
ing fixtures by the introducing ar good
dinuSinC glassware. Lndrr no C:rcunl-
stances should bare lamps be used or
cNInSrd to view.
"pnr what is II tentative perform
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-23

Some persons fall into fortune.
but nobody ever yet fell into success.
Success entails c.imh!nr.-Forb Maya
zinc N. ~
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-05-23

"Pnp. what is Il tentative perform
formanccr" It's ono of them npen-aT
shows, Sonny."-Baltimorc American.
Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1921-04-09
BURKE is HoNoRED.

Announcement is made from Wash
ington of the appointment by President
Harding of former Congressman Charles
II. Burke, of Pierre, as Commissioner
of Indian Affairs. Mr. Burke who serv-
ed for many years in the house, was
chairman of the House Indian commit
tee, and there is probably not man in
the West who is more familiar with all
the details of Indian problems Mr..
Burke was urged by many South Dakota
friends as Assistant Secretary of the In
terror, but his selection as Commissioner
of Indian Affairs will be quite as pleas
ing to his friends in this state. Mr..
Burke is an experienced and well bal
anced public servant and the honor
which has come to him is well placed.
Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1921-04-09

When the mists have rolled in spendor
From the beauty of the hills
And tile sunshine warm aud tender
Fails IN isses on the rillS:
We shall read loves shining letter,
In the rainbow of the spray;
We shall know each other better,
When the mists have cleared away.
Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1921-04-09
STATES ATTORNEY
RECEIv Bs NOTICE.

J ~ H4NAhL Attl AN ~ 2NA
A recent law passed by the state leg
isature, has given the States Attorneys
Of the State of South Dakota unlimited
power, according TO an announce ment
received in the office Of States Attorney
| Fowler of Lawrence county The new
law according TO Mr.. Fowler puts thu
office Of the sheriff directly under TIA,
supervision OF the states Attorney, who
must audit and approve his books and
Attorney that the real duty aud author.
ity for the investigation of crime is com.
mitted according to the announcement.
received at the Office here
The board of county commissioners
may furnish the States Attorney with
special investigators who are assistants
to the States Attorney and work under
his general supervision, and they muel
be accounted for by him, and the money
used by them must be approved by him
as he is held responsible. Tie law now
recognizes that the States Attorney is
the active and directing law enforcing
officer Of bis couniJ, aud the -sork Of the
sheriff comes under this law, as subject
TO his discretion, and he is authorized to
incur expense withoUf limit, except his
own discretion, for himself and his dep
uty in investigating law violations, and
the law authorizes the board of county
commissioners to give him such assist
ance as he may need.
Heretofore the legislature has refused,
though repeatedly asked to furnish
States Attorneys the means Of investi-
eating crimes, but have failed to do so,
partly through the fear that they would
incur large debts for the county to pay.
Now, by these acts, the legislature has
practically let down the bars and com
mitted the amount Of such expense to
the discretion of the States Attorney,
and as the circular issued by Attorney
Payne reads, 81 hope that no States At
torney will be lead by his zeal in the
investigation of crime to fail to exercise
the reasonable discretion that any officer
should always scrupulousIy exercise in
the expenditure Of public moneys"
The controlling influence which led to
the enactment of the new law, was ac-
cording to the Attorney General, the
lack of proper enforcement of the laws,
the violation of which have been occur
ring much more frequently in the state
now than at any previous time.
The bulletin received and from which
the above statement is taken, was the
address of Byron 5. Payne, Attorney
General of the State Of South Dakota,
and was read by him at meeting OF
States Attorneys at Huron on March
oath. h.-Pioneer-Times
Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1921-04-09
COOPERATIVE CONCERNS
MUST FIX PITAL 81

Pierre, April 2 AS one OF the feat.
ures of the marketing problem which is
receiving more consideration at the
present time than has ever before been
given it, the question of the rights OF
farmers cooperative companies to oper-
ate without capital stock is an inquiry
presented to the Attorney General by
Don Livingston, head Of the state mar
ket department
In that it is held that under the ex
listing laws such companies must fix an
amount of capital stock to give them a
legal standing, as they cannot legally
organize to carry on business activities
without such compliance.
This ruling will be of interest to many
organizations of farmers who want to
combine for cooperative marketing, but
did not care TO organize as stock COM
panies.
Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1921-04-09
TWO POWERFUL TRACTORS.

A car of logging trucks and car Of
cement were received here the latter
part of last week for the State Highway
Commission, and Saturday night two
large Holt tractors of the caterpiller
type-powerful machines--each occupy
ing separate fiat car, were set out also
for the Commission. Tuesday they were
unloaded and one was run out to the
State Camp, hauling behind it three of
the biz logging trucks piled high with
sacks of cement. 1t requires four to six
gallons of gasoline per hour to run one
of them. 1t is also claimed that they
are able to pull two twelve foot road
graders and camp equipment and sup
plies, grading road as they move along
all at one and the same time. Some
tractor that.-Custer County Press.
Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1921-04-09
SOUTH DAKoPA's NAME.

A movement is under way in South
Dakota to change the name of the state
to Roosevelt. A state wide campaign TO
enlist support of a constitutional amend
ment making the change is being con
Quoted Desire to perpetuate the name
Of Theodore Roosevelt, who spent a part
of his early life in the state, and whose
name and fame have been well estab
lished in history by his own illustrious
career, is one of the reasons for the
movement. Others are given at the ex
pense Of North Dakota, where thirty
bank failures following decreased crop
production are said to have been attri-
buted to South Dakota. IL also is de
clared that the climate of South Dakota
is far superior to that OF its sister state
and that the resources of the two Com
monwealths are very differentin charac-
ter.
1t is doubtful whether the people of
South Dakota will want to change the
name of their state, which is historic,
Dakota being the designation Of one of
the Indian tribes. Many states, Iowa
and Minnesota among them, have names
of Indian tribes or of Indian origin aud
the people regard with pride the histori-
cal value OF such names. South Da-
ko,ans surely would be just as pridelrl
in defending their state name against
the proposed change.-Sioux City Jour
nal,