davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-05-20
Petroleum Supply and Consumption.
Thousands of barreISl

Although imports continue to re-
main at a high level. 1t is clear
that our production and consump-
tion curves are coming closer to-
gether than they have for many
months. In both February and
March consumption was only s.
10000 barrels greater than our
production. There was no month
last year when our production
came within 5000. 900 barrels of our
requirements.
The heavy imports have allowed
US to build up much greater stock
than formerly and indicates that
our supply for the coming months
of heavy consumption will be ade-
quate. Since the first of January
stocks have increased more than
II. .000, 900 barrels
The development of the oil in
dustry in this country has been lit
tie less than phenomenal. The to-
tai output in 1920 was 443,402. 900
barrels. an increase of $4,000. 900
barrels. or II per cent in a single
year. Imports also showed an
enormous increase. being nearly
The Washington herald., 1921-05-20

CHICAGO GRAIN PIT
SLIGHTLY LIFTED
Lantz Bill Will Be Buried
For Indefinite Period,
Latest Report.
TWIN BILL HELD UP
Companion Order 10 Lantz
Measure Not Presented
To State Senate.

CHICAGO, May ,-lsy-The gloom
cloud which has shadoved the
Board Of Trade for the past few
days lifted today when word was
received from Springfield, where
the State Legislature IL considering
the Lantz anti-pit bills, that the
bill would be indefinitely buried
with the Committee On Agriculture-
The Senate yesterday passed the
frst of the regulatory bills, and IL
was feared that the measure would
be rushed through the House Inn
mediately.
Senator Lantz reached the post
ponement decision today after an
alysis of the narrow margin by
which the measure passed the SEN
ate. Numerous House supporters Of
the bills also served notice that they
were leaving for their homel
The action Of the Senate is not q
defeat for the Board of Trade. bot q
disaster tolhe farmers Joseph p.
Grimm. president of the board, de-
clsred today. Il am hoping that .
campaign OF education like that
conducted in Washington when an
adverse House agricultural commit
tee was changed into q friendly
body by presentation OF cold facts
can be reproduced in Illinois"
Opponents OF the bills, which
would place the Board Of Trade un-
der the control Of the State director
Of agriculture. charge the recently
organized United States Grain
Growers. Inc. with backing both
the Illinois measures and the Tin
cher bill in washington.
The Washington herald., 1921-05-20
Yearly Prediction and Imports.
OOO'A omitted

Our domestic production has
more than doubled in the last nine
years. Our imports practically all
come from Mexico and their in
crease shows the remarkable de-
velopment of those fields.
The increased production in the
United States is pretty we'll dis
tributed throughout the several oil
fields. Each of the seven fields
shows an increase over March a
year ago with the exception of the
almost exhausted Lima Indiana re-
gion. The most marked increase
occurred in California and the Gulf
Coast, although our principal pro-
ducer. the mid-continent field,
showed an increase of nearly L.
900. 900 barrels compared with a
year ago.
The following table gives the
production by fields for March
compared with month ago and a
year ago.
The Washington herald., 1921-05-20
big FOUR AGAINST
REPEAL OF EXCESS
PROFITS MEASURE
Also Opposed to Imposi'
ton of Turnover Sales
Legislation.
BODY FILES BRIEF
Unemployment So Serious Job.
less People Cannot Stand
Added Burdens.

The big -Four" railroad brother
hoods, conductors. Engineers, Fire
men and trainmen, went on record
against repeal of the excess profits
tax or imposition of a turnover sales
tax in a brief presented to the Sem
ate Finance Committee yesterday.
Signed by the legislative representa-
tives of the four brotherhoods, the
brief was read to the committee by
W. NJ. Clark, vice president and
legislative representative of the Or
DER of Railway Conductors.
Unemployment Too serious.
With 100000 workmen out of
Jobs. the unemployment situation is
the most serious in the country's
history, and with this situation eX-
isting. this class of people canno.
stand the additional burden the
sales tax would impose, the brief
declared. One-fourth of the 100000
railway employees in the brother
hoods are idle, and in some special
classes of railroad service, the num-
ber idle is two-thirds. il was de-
clsred. 1t was estimated in the
brief that 4 turnover sales tax
would cost the individual consumer
$40 per year. or 5000 for a family of
FIVE.
Other Hearings.
Others heard BY the committee
were Benjamin c. Marsh. who
claimed to represent the Peoples
Reconstruction League and the
Farmers National Council. and Mrs
Walter l. Swanton. Of Washington.
President of the Women's Single
Tax League. The right of Marsh,
who is a frequent witness at Con-
rressional conventions. to speak for
any farmer or labor organization,
was questioned by members of the
committee. Senator Smoot referring
TO him as "a farmer who farms the
farmers" The witness had several
clashes with committee members.
while he was on the stand. during
which time he opposed repeal of
the excess profits or imposition of
a sales .aX. He declared most advo-
Gates OF the excess profits tax re-
peal urged il ito enable the war
profiteers. to escape paying their
fair-share Of the costs of the war
and of the current government ex-
penditures.' lie declared that mil
lionaires who avoided paying their
share of the war costs were las
much sleckCrs as Bergdoll."
Mrs. Swanton opposed a sales
tax declaring a family with a small
income. all of which went to pay
costs of living. would pay under it
a tax on every dollar of income,
while the wealthy class would have
4 large exemption, because but a
snau part of their income went to
nee. living costs. A sales tax would
benefit monopolies, she declared,
adding thai the difference between
a profits tax and a turnover tax is
the difference between competition
and monopoly" She urged a land
tax to make up governmental reve-
nue. deficiencies.
The Washington herald., 1921-05-20

crossing rapidly with weather con-
ditions more favorable, tempera-
lures being higher and the forecast
is for showers over the greater part
Of the belt. Reports on oats were
rather more favorable. Shipping
demand fair, with 10000 bushels
corn and 10000 bushels oats sold
up to noon. Samples values lower
with futures. Provisions were un-
settled, and rallied after being
slightly lower. Scattered buying
was in evidence in lard and ribs
Hogs were steady to 10 cents high
er. with bulk OF sales at sS.25aS7o.
Receipts, $4,000, with $4,000 for to-
morrow. Western rui S1,4e0 against
$1,000 for a week ago and $4,000
last year. Exchange par Money
easy, call, Z; time 7a7h
The Washington herald., 1921-05-20
PETROLEUM PRODUCTION
APPROACHES CONSUMPTION
Output for March Highest Ever Recorded.
Increased Stocks Insure Adequate Supply.
By THE WASHINGTON HERALD,s ECONOMIST.

The recent report of the Geologi-
cal Survey on petroleum statistics
shows that domestic production in
March of this year amounted to
40,s02,ooo barrels, the greatest guam
tity ever recorded for a single
month. This is more than 100000
barrels above the preceding maxi
mum attained in October last year.
Production in February was $685.
900 barrels and in March a year ago
35,S31.000. It is important to note
that this increase in production has
occurred in the face of a lower con-
sumption and in spite of a decrease
in the price of the crude product.
The increased production also occurs
in spite of an agreement among the
producers to curtail output. These
facts indicate thai the underlying
conditions in the petroleum industry
are more hopeful than were gener-
ally supposed.
The following table gives the
monthly production, imports and
consumption of crude oil since
January, 1920.
Petroleum Supply and Consumption.
The Washington herald., 1921-05-20
Westinghouse Nets
$I2,6l7, ,535.57 For Year

At the regular meeting Of
stockholders of the westing-
house Electric and Manufactur.
ing Company held I'm Pittsburxk
yesterday. the report of EARNINGS
for the nscal year ended March
81 wns > submitted. showing q
gross Income Of s15o,es0, ,IO6 70,
and a net income available for
dividends and other purposes Of
17,53s-s7.
The Washington herald., 1921-05-20

FIRST three hours The conclusion
to be drawn from this was that the
market had already discounted not
only the Republic action but also
the prospect of other companies
conserving their cash at the ex-
pense of common stock holders.
crucible. one OF the most respon-
sive vehicles of speculation. was
the weakest in the steel group. In
speaking of dividend omissions the
street makes an exception of Cru
chile only to the extent of forecast
ing that the dividend will be re-
duced from the present s per cent
rate an dthen eliminated entirely IL
conditions do not change.
Two reasons were offered for
the sharp break in National En-
ameling today. Five points van
ished from the price of this stock
within an hour. In one quarter the
belief was expressed that the SELL
ing was due to realization that the
Investment which the company made
in the steel industry about two
years ago was proving Improbable
Closer examining Of the steel COM
psny's position, however. showed
that IL was doing surprisingly well
in view OF general trade conditions.
The other explanation offered was
one which has been brought into
play in numerous instances since
Germany's acceptance of the rep
arations Germs, namely, the fear OF
German competeition. Germany and
Austria, especially the latter. were
large producers of enamel goods
before the war. The most sugges-
tive feature Of the decline in ensm-
cling stock was the emission OF
most of the days offerings from
a single house. There is no pros
pect of dividends being cut for
many months. The company usual
ly declares its dividends a year in
advance. Such action was taken
last February.
Regular quarterly dividend dec
lsrations by four companies, ar
nounced today, serve as a partial
offset 20 the kind of news shat has
been making the speculative com
munity so blue. The American Lo-
comotive Company declared the reg
ular quarterly common dividend OF
Il per cent The Texas Company
declared the regular quarterly
per cent, or IS cents a share or
stock of SIS par value. The Ma.
tional Lead Company will pay the
regular rate of u per cent and the
Middle States Oil Company will pay
per cent in cash. None of these
stocks did anything remarkable in
response to these declarations
The Washington herald., 1921-05-20

NEW YORK, May 19.-Little effort
was made to do business on the call
and a few small lots of September
and March sold at losses of 3a5
points. Subsequently selling pres
sure increased and prices showed
declines of 4a7 points. Aside from
one block of 5000 July, trading was
on extremely small scale and the
aggregate was Insignificant.
High Low C1oso
The Washington herald., 1921-05-20
C0ttOnseed Oil.

NEW YORK. May 1s.-Cotton-
seed oil was weak. spot. ITO bid
crude, 5.35 bid: futures, May. lisa
$50: June, 7.o0a7.4o: July, 7.2la7.3s;
August, 7.30a7.55; September. 7.e3a
7.73: October. 7.73a7.ss; November,
7.60a7.90; December, 7.65a7.s5.
The Washington herald., 1921-05-20

twice as great in 1920 as in the
preceding year. The United States
produces about 20 per cent OF the
worlds petroleum and our output
alone last year was greater than the
worlds production in 1915.
, The following table shows our
annual production and imports for
series OF years with the percent
age increase.
Yearly Prodsetion and Imports.
The Washington herald., 1921-05-20
WALLACE FAVORS
MORE EFFICIENT
PACKER CONTROL
Secretary of Agriculture
Outlines Ailments
OF Business.
STILL GREAT WASTE
More Room For Expansion
Under Proper Regulation
Would Supply Remedy.

More eficient regulation Of the
meat packing business by the gov
ernment is urgently needed. secre-
tary Of Agriculture wallace deciar-
ed yesterday.
Mr.. Wallace asserted that If this
regulation were provided there
would be no need to prohibit meat
packers from engaging in the re-
tail meat business or from expand
ing their business along many col
lateral lines they now are forbid
den to engage In
stm Great Waste.
"There is still great waste to be
eliminated in the dressing and mar
ketfng of meat" he said. land there
is no reason to suppose that a big
business necessarily is a corrupt
business. More room for expan-
sion under eficient government reg
ulation is what the packing busi-
ness needs"
Aiding Paper Pulp Industry.
Mr.. Wallace expressed concern
that the impression had gotten
abroad that paper pulp industries
are not encouraged and are sub
ject to killing restrictions in Alas
ka. Every encouragement possible
is given the paper pulp in Alaska
he asserted. and the restrictions i'm
posed are chiefly to prevent the
deforestation of great areas, which
has occurred in this country.
The Secretary declared that or
a recent trip through the farm
ing regions of the West and South
he found almost unprecedented ac'
tivity, in spite of a shortage oi
labor. Stories that crops were be-
ing deliberately shortened by farm
ers who were angry because of fall
ing prices. he declared to be en-
tirely without foundation.
The Washington herald., 1921-05-20
Production by Fields.

Total ............. 80. 491 3J,l12 ~. s02
Crude petroleum in the Mid-Con-
tinental field is now quoted at
S1.75 per barrel compared to $3.50
throughout most of last year and
as late as January. 1921. Gasoline
prices have also been reduced and
in many cities filling stations are
retailing as low as "a cents gall
lon. thus showing the effects of the
increased supply.
Copyright. 1891. by Washington Heraid.)
The Washington herald., 1921-05-20
FOREIGN EXCHANGE.

FURNISHED by American Security
and Trust Col
The Washington herald., 1921-05-20

teaotadons Furnished by W. B. Hibhs
Co.. h'nbers New York Cotton Exchange.
The Washington herald., 1921-05-20
COFFEE MARKET.

Furnished BY W. B. Hibbs & Co., member
Chicago Board of Trade,)
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-12-09

points to the Chinese problem, the
min, nations represented in the Far
Eastern committee pledged themselves
10 make no treaty or agreement Ia the
future infringing on China's territorial
or administration Integrity or utcrfcr.
ing with her right 90 economic and na.
uuu1I development
In 90, shlnwne negotiations ths pro.
gi,ss was less pronounced but the
Japanese and Chinese delegations held
another consultation on the subject Of
public properties aud afterwards both
sides renewed their prediction Of salts.
factory settlement
The Sour over riin to prrsrtye
pu,e n the Pacific was discussed az a
'No h.ur conference. between the heads
ct Oh. American British. Japanese and
French d.l.gtos hut 10 was iftorwurd
that uo d,mt. word bad get been re-.
ro.s,I from Toxic or Paris The Brit.
.sh government .s understood 10 have
uuHlE accepted tho proposal IN prin.
rrD. anI 'h. American delegates have
.HHrH Willingness to proceed to a
1.e..a...U of Ih. details
A m,sea.. nHm tho japanese capital
... received rula. hs tur Japanese
I1.Ht.n lH' mp.rlor, cihI. trans.
uIe.u. rIs 1d to have rendered Il
.Ius.E. nf definite interpretation.
#..rnrr, hy T0tp is expected in all
...'.f. however
s.. rapidly s 'h, conference moving
uH. ms of IEg DELEGATES ARC hoping
.. a.f r.H of th. important Questions
u.. 90 fN. uHy U.'0r. tH, end of the
.." TH. Unsh have mad" tentative
STEAMSHIP. reservations fui p.. go and
Do. #I .um. o, no. French hovs
l.UuH. ra. for leaving ,y'u sooner.
hf... uI fHr work of 1,'HUI however.
81. .Ht I.f bon 'he bands - various com.
missions COL ,u.fts who viii com
mr.'. Hnnn with fH, foreign II
t.. concerned
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-12-09

WASHINGTON de-. While they
wait for definite replies ou the naval
ratio plan ana tEo proposal FOR O. four.
power agreement in tho Pacific. tho
ums delegates ar, pushius ahead with
other features uf THEM negotiations.
Todlys developments brought into
prominence the firs' Time The question
20 limitation Of fortIfintous and naval
hH-s Boz the Pacific And although tho
schedule was not advanced 10 the stage
p' formal exchanges, 1u agreement
~as forecast preserving in general tho
existing status
Again applying the American -four
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-12-09
SCORES ARE HURT
IN PACKER RIOTS;
WOMEN IN FIGHTS

CHICAGO. dee BY Associated Press Chosgo stock yard
district today scene Of outbreaks which
times approached the result Of the strike of the
packing emroyes which been effect al, of the
trys chief packing centers for four da,s
One shot injured police engaged in pistol
and rifle fights with strikers and dozens Of and
rested result of today disorders which occurred the workers
were leaving the local plants.
In other cities the reported quiet, Chicago being the
center of the days activities.
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-12-09
JAPAN UNWILLING
TO END ALLIANCE
OF GREAT BRITAIN

TOXIC Dec g. ASSOCIATED Press)-The sem 'ffea Tekoku
agency reports that the Japanese has notified its
delegates the Washington conference of approval Of the
posed quadrlpe principle but substitute for the
Anglo alliance, which be abrogsted until
agreement reached a reduction there
realization Of Ehu Roots principles concerning China
The declared the agency added that must
approval the quadupe different
views regarding the significance of the and the Anglo
Japanese treaty
The draft further provides it understood discussions
conferences matters of dpusbe arise thus
President Hadngs idea for later of
nationa, conferences.
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-12-09
SECRET PACTS ON
China BANNED BY
CONFERENCE RULE

WASHINGTON Dec By Associated Press)-Strking the
heart treaties affecting China
the Washington conference today adopted resou
ton providing hat treaties other forms should
be entered into by the between themselves
the Root resolutions already adopted by the conference
The resolution is in effect modification Chna proposal
mber g. of the points beginning
conference under which
by the directly affecting China general peace
these regions without previously notifying and giving her
on opportunity to particiuae
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-12-09
DOES STATE OF
TEXAS CONTROL
STREAM BEDS?
SUIT FILED TO DETERMINE
OWNERSHIP OF CREEK
AND RIVER BEDS.

ily Associated Irr-s
NJ SIIN. Dcc. S.-N neither the
stat, Of TcNlS owns the beds oi the
various rivers aud streams of TeN-
~ Is the substance oi case filed
b, the attorney generals depart
mcut TODAY IN the fifty third dis.
trid court here. The stream In
question !, the Clear Fork of the
l!raIos river.
THE suit VIII hc filed against \. A
au1 W. U Atkins John Robbins. Jack
rom and VIII Black; the Brown Oi
Company and the Humble oil and Re
filming Company after an Injunction
mi been secured by them 10 prevent
90. -rt, from leasing the bed Of the
stream for oil and gps drilling IN,
"ttU's contention is that the bed of th'
supm belong to The state Tho d.
fud1rts contend that owning an On,
property along the bank OF the stream
that Dr. belong 20 them
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-12-09

knights Of Fiery
Cross VIII Begin
March Ats d. Nj.

Knights of the Ku Kux Kan will parade through the principal
business streets of Amarillo tonight at s o'clock
letter addressed the Amarillo newspapers delivered
the Amarillo Daily News Yesterday The letter follows;
Amarillo Texas, Dec. 8, 1921
"To the Editors of the Amarillo Daily News and Tribune.
Gentlemen Please publish your that the Anna
ro Kan of the Realm of Texas Knights the Ku Kux Kan will
parade through the principal business Of Amarillo Friday
night December g. beginning at 8 o'clock.
"The parade will proceed up Polk to Third
thence to Taylor Street and South the point Of beginning
Thanking in advance for this favor, we are,
Respectfully,
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-12-09
SEVERAL INJURED IN
OMAHA STREET FIGHT

|.. Dec. s-Dcsultory
which several per.
injured and followed
marked the late
W evening hours here To.
Heue plant district. where
Hrp on strike. A gang
f.f ..Ha,rs and sympathlzers M
..... .'.rct caf loaded with em.
.lt.. I we're dispersed before thev
800 ... lHI material damage,
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-12-09
RADIO OIL TEST TO
Be MADE AT NEWLIN

vi NrllIS TcNl.. nro. s-Test
Cor "ii With . radio m1,hin. viii be-
Wfd' h' the inventor a. = llruner
~ oklahoma tiiN. ~ tho liurit
llHr'in Hilton wrll four mites north
east oi \rwlin this afternoon 81
$50 The machine has attracted .
good d'll of attention. and II II
',p',trd large crowd win wit.
mess ih, New In test
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-12-09
K. c. PACKING PLANT
DAMAGED BY FLAMES
~ Associated Press

KANSAS CITY Mo. Doc Sire
of unknown origin which broke ont In
fUn Fowler Packing Plant boo Kansas
rit Eau, tonight .iusod damage rs.
'fmat.1 lt several thousands of dollars
Tho fIr started u th' shipping depart
ucrt and 'ho flames spread rapidly
Two nu. alarms u.r, sent iu before the
"I. r.. placed under control
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-12-09
5000 HOUSTON Nj kLUx
initiate 2,O51 into KLAN

HOUSTON Texas Dec s. by Associated Press)Grouped in
hollow square the Of which covered fully of
ground 5000 and white obed hooded members Of
the ku kuN Ksn Of Houston and vicinity POSI- other Houston
isn taken into the order Thursday night The initiation of cand
dates all Of them declared of Houston took place
the prairie during 9d noher short distance south Of
Beac The ceremonies occupied almost three hours of time
uIe.' l.r.I.. 't''I -'"'a' stream Of
eI . . "a r f. I . ... u 1ndI their at
Nin all
Sf..f Iul ll south
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-12-09
REPORTS OF OIL At GULF
EXAGGERATED, SCOUTS SAY

Reports that oil flowing the derrick Of Cult No Sec
on 49, Burk Burnett ranch Carson County yesterday be-
6eved be greatly exaggerated according local oil and
scouts who investigated the yesterday Although the well
few miles from Panhandle men in that showed excite
yesterday and when they called had their
first ntimation Of the rumor
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-12-09
GOVERNMENT CONTROL OF
OIL IS WARMLY ATTACKED

CHICAGO Dc By Associated John Cadman for
head the petroleum Of the British government
declared tongh address banquet Of the Amer
Petroleum Institute that he unsesb opposed
control business and pains clarity impressions Of
British activity in the oil industry.
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-12-09
PROBE into
EXECUTIONS
is STARTED
SENATOR WATSON EXPECT
ED TO PRODUCE HIS
PROOFS TODAY.

,.,,,....,,,,.
'N''' ''''"'' wv
tailed records oi the War Depart
m,ut relating to the legal execution
81, ..,.,.o,, ,,,.,,,h.r. ,,s u,c American
-,
'\i''''''''''''''' ''''' WV
s"nird ioda, to ''nal' inN's'igh'
zion committee b, way oi denial of
charge, that stores of soldier, had
been hanged without trial out of
consideration Tor the families of
the dead. the names of the eleven
were omitted frnm the record
Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-12-09
AMARILLO KHAN NO. l4l,
Knights of the ku Klux Klan.

Hun of tho knu. which Is said TO
H.. rf th, "ietr of God in the
b.rrs 90 tine voluturs 20 the law In
unt ate- und which is charged by
.u,nIs. .. th, khan with having com
..H.l various outrage
D. i- predicted thar thcs" Knights OF
th. roH Gross win have one Of the
nr,et crowds of spectators ever seen
.u AwHiIIn streets when they begin
tH.f mlr,b tonight at O'Clock.