davidaulloa/AmericanStories huggingface dataset:
Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-05-17
CObIenZ School

An American chool where the children Of
private soldiers mingle in study and at PLAY
with the children of colonies is one of the
institutions organized by the Young Men's
Christian association in Coblenz, of which
General Allen, the American army command
err is the prouGest.
The work of the school ranges from kim
dergarten to high school graz es. There are
1872 children registered and the average at
tendance is about 100. Miss Elsie A. Ham
mond, of Nebraska, has charge Of the work
in which five other teachers are engaged.
Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-05-17
Communist Uprising

Communists at Vienna stormed meeting
at st. Lorenz while Governor Rintelen, OF
Syria, was addressing the audience. The
governor was beaten, tn ON from a window
of the building and then toned. His con-
dition is reported to Re serious. Many ar1
rests have been made as result of the 1u1
cident.
The Communists charge the governor with
persecution of Their comrades.
Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-05-17
ShaVetaiI Paw

The pay Of secop lieutenant in the
American Army on the Rhine is equivalent
at the present rates of exchange to that OF
Marshal Foch.
This may explain in part why the Ameri7
can army of 1 900 men costs Germany more
than $4,000 French troops in the Mayence
zone 1t accounts also for the exaggerated
statement fr' German sources that Amer
ica's fighting force cost Germany more than
all the allied armies of occupation.
Marshal Foch's salary is $4,000 francs. A
second lieutenant in the American forces in
Germany receives $2120 a year. which ex-
trl a1lotments bring up to about $4,000 At
the rate of exchange of IA 1-2 francs to the
dollar, the second lieutenant draws about
1880 francs year.
Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-05-17
On He7b;nq Folks

ONE of the big things the world has
I learned in the last century is how to
Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-05-17

Italy is looked to by many of the tourists
as the place where the American eagles will
scream the loudest And this is no doubt
true. Passenger rates have increased over
200 per cent and hotel and restaurant prices
are 200 and 800 per cent higher. But the
Ira has decreased 400 per cent. so that if
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-03
The Days Bond Market

The Tribune prints each day the mo-
tu1.ity dates of all nctirc bonds quoted
on the Ne,c York Stock Exchange. The
return on q bond to the investor depends
upon three factors: the rate Of interest
the security bears, the market price
and the distance Of the maturity date.
To figure the precise yield on bond it
is necessary to use yield tables. but the
approximate yield can roughly be figured
out By the following formula: Divide
the closing quotation on bond into
the rate of interest it pays, and the re-
suit 1cili be the annual return. II the
bond is selling beloao par you must
allov also for ths appreciation of the
principal. To do this subtract the mar
kct quotation from par. or 100, and d.
eide the remainder by the number Of
gears the bond has to rat, before mo-
turity. For example, If per cent
bond is selling at 90 and has ten gears
to run the annual return scill be 6.66
per cent The difference betweem par
and the market price aoill be 10 points,
subtrocting 90 from 100. Diriding ten
points By ten gears, the quotient Vill be
/. This figure as to be added to 6.66,
phich is the annual return, and the re-
suit 700 per cent, arill giUe you the 0p-
prorimate yield.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-03
Recovery in Wheat
After Early Drop
To New Low Marks
Commission Houses Sell at
Start, but Signs Of Export
Buying and Covering Is
Check to Liquidation

CHICAGO, April New low levels
were reached on grains and provisions
at the start to-day. The selling was
general, and with lack of support
prices declined readily. Liquidation
BY scattered longs was strongly in evil
dcnce, but on the extreme break there
was free buying by shorts. The senti-
ment was decidedly mixed. Active cx-
port demand was in evidence for
wheat, with some sales made via the
Gulf.
Commission houses and traders here
were good sellers carly. but on tho break
there war buying OF July by tifr best Seller
OF Yesterday. Opening prices. which ranged
from NC lower to &c higher with May
lSt% TO 1881 and July l;b to 49,. were
followed by sharp declines and then a
moderate rally
Corn trailed along with wheat. with ash
houses being conspicuous scllers early
Initial quotations. which wcre unchanged
to u a NC lower. with May 69Ac to 50 y c.
underwent II further back and then a
slight rally.
, Oats aympathizcd with other grains. and
after starting unchanged to sc lower.
with May l36% to 81. became nervous.
ascending and descending readily.
inc development OF an active export de-
mand for both new and old wheat and n
general covering by shorts were RESPONSE
finish was strong. with pricca nc to 2i1c
net higher. with May 1877 to 1874 and
July ll6 to 11GA.
The rally In corn was slight. and the
finish was nervous. with prices unchanged
to Is q NC higher. With May 5os4 to GO.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-03
Explains Japan's
Reservations to
COnsOrtiu1n Plan
Statement From Toxic Vel.
comes U. S. to Agreement
and Defends Partial Ex-
clusiOn of Manchuria

TOXIC. April 2 (By The Associated
Press).-The Japanese government. in
publishing to-day the correspondence
relating to the international consort-
ium for financing China. attached a
statement that Japan had always tried
to secure the return of the American
group to the negotiations and there
fore welcomed the American proposal
of 1919 for the formation of four
power consortium comprising Great
Britain, France, the United States and
Japan.
With reference to Japan's reserva-
tlons regarding the exclusion of Man
churia and Mongolia from the scope Of
the consortium the government state
ment says it Is regrettable to hear dis
cusslons based apparentlyon misundcr-
standings Of the japanese proposals,
the object of which were merely to Sc
cure anew q definite understanding of
Japan's special and legitimate claims
The reservations were not actuatcd by
any desire completely to exclude the
activities of other power in the two
countries, the statement asserts, Japan
only desiring to insure her national de-
fence and the security of her enconomic
life
1 Hc otAttmcuL ucClATcS IL sometime
has been alleged that Japan's insist
ence on the reservations. concerning
Manchuria and Mongolia were due to
her policy of aggression \and that
therefore she delayed the formation of
the consortium, but this allegation, the
government says, Is without founda-
ton.
"The demand for assuring the right
Of Misrepresentation and meeting The
requirements of our national defense
and economic existence represents a
serious national sentiment which
should not be regarded as emanating
from the political ambition of a small
section of the people," the statement
declares.
The government in conclusion says
it is convinced Japan may rely in the
cxigencies of any situation that may
arise on the spirit Of mutual trust and
friendship of the powers concerned,
who understand Japan's real inten-
tiOns.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-03
Reserve System
Continue Move
To Sounder Basis
Process of Building Up Of
Reserves, Interrupted Re-
crease of Gold Holdings

After the interruption last week of
the system of gradual building up Of
the reserves of the Federal Reserve
system, the consolidated statement
made public yesterday revealed re-
sumption Of the movcmnt toward a
sounder credit basis. A reduction Of re-
discounts combined with n further
gain in total gold reserves to enhance
the ratio Of reserves of the twelve re-
gional banks against deposits and note
liabilities from sos per cent to 52.4 per
cent In week.
There was an increase during the
week of total gold reserves of some
S36,0OO,O00. In the latest bookkeeping
arrangement the gain was shown chief
ly in gold with reserve agents and
and gold certificates"
p in. the matter Of discounts that of
bills secured by United Ctates govern
ment obligation declined from l,010,-
1878 5000 to- $685. ,688,000, and that. of
all other bills dropped from Sl,276,-
275,OO0. Compared with year ago
there has been striking progress made
in getting biAls secured by war paper
out of the reserve system and in sub
stituting larger proportion Of bills
secured by commercial paper. This i'm
DrOVemcnt last week Is measure Oh
the extent of the movement toward
credit denation. The ration of reserves
to Federal Reserve notes in circulation
climbed from GOT per cent to 63.1 per
cent.
The New York Federal Reserve Bank
statement yesterday again showed that
the local institution is improving its
position more rapidly than the system
as a whole. 1t revealed further i'm
pressive movement of gold to this dis
trict through the settlement fund and
other channels, bringing the total up
to $3.50, AL ,435, compared with $685.
$4,000 a week ago. A decrease of $780,
600 900 in discounts also helpeKd
greatly to improve the ratio of re-
serves. That against deposit and note
liabilities combined rose from 50.3 per
cent to 567 per cent. The week before
last the ratio was 458 per cent. This
gain of nearly II per cent in fort
night reflects heavy flow Of funds to
New York from the interior A year
ago the ratio was 42.2 per cent. The
ratio of reserves to deposits was 1853
per cent yesterday, 62.1 per cent week
before and "a. 8 per cent year ago.
Net demand deposits of the New
York Clearing House banks increased
S93,235 900 to $3,S02, 735, 900 last week,
the statement showed yesterday. Loans
and discounts of the bankers decreased
$11,804,O0O to $4,854 ,228,000. Surplus
reserves increased $6,624, 260, standing
at $14,285,3OO at the end of the week.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-03
Business Troubles


The following petitions in bankruptcy
were filed Saturday in the United States
FoNTANA IMPORTING co.-1nvolun-
tary food products. 2343 Arthur Avenue,
the Bronx. Liabilities, $500; assets.
$1,000.
SMART COSTUME co. - Involuntary;
Liabilities. $500; assets 81 900 -,
West Ninety seventh Street. Liabilities,
$1,000. all unsecured claims; assets. $1,000.
debts due on open accounts.
SAMUEL, LEARNER - voluntary H.. s sos
$3.50. of which 1880 are unsecured
claims and $500 secured claims, and no
assets.
Schedules In bankruptcy
The following schedules in bankruptcy
were filed Saturday in the United States
ABRAHAM bilities 81
sstaol s7s2,Osl are secured ss claims aims.
and bills and $13o,764 accommodation
paper. and assets OF $l.3o3.16s. of which
sSS2.s4s Is stock in trade; S5.34S machin-
cry. tools, etc; s1ss,slo, debts due on
open accounts: s39S,22 bills, promisory
notes and securities; s25.149. stocks nego-
table bonds, etc. $6,26s. unliquidated
LEON JAFFESs, INC.--Liabiltics. s4o
o39, OF which s39,947 are unsecured claims,
and assets OF $40, 1875, Of which $4,000 are
stock in trade, $4,000 machinery tools
counts.
biiities s5,483 of which $500 are unse-
cured claims. and assets of $1,o4l, OF
which 500 is machinery, tools, etc, ana
ss4l debts due on open accounts .oo
JACOB IBOVITZ-I.iabilities. 5000,
all unsecured claims, and assets of $1,000,
stock in trade
+. GRIFFIN e. CO, LTD.-Liabilities.
so74S5. of which $26,75 unsecured
claims, and assets of Sl5,032. Of which
$3204 are stock in trade.
Receivers in Bankruptcy
The following receivers in bankruptcy
appointed Saturday in tne Gn''sq
states District Court by Judge j. NJ
Mayer:
Morris Strensand. temporary receiver
for w r. Price, Inc, toys. 127 Fifth Ave-
nue., with a bond OF $1,000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-03

Americans Interested i'm New
ORGANIZATION

A company called the Union Petro-
ieum Company of Belgium has lust
been established in Client, with CAPT
tai of 100000 francs $4,000 shares Of
1000 francs each and privilege of in
creasing to 100000 francs), of which
at least half is owned by American
companies.
According to the statutes governing
the organization this company is. estab-
lished for the purpose of purchasing,
selling and importing mineral, combus-
tible oils and oil products in general,
and is interested in all commercial,
financial and industrial operations
which have to do directly ortindirectly
with this industry, and which are
capable of favoring its development in
any way.
Since its formation the company has
purchased the former Belgian factory
Of Sudan Freres. on the banks of the
Terneuzen Canal at Client. This fac
tory was used before the war for stor-
ing and working up petroleum, and dur
ing the German occupation it was ex-
plotted by the German military author
i+ioo
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-03
Cotton Declines
In Quiet Trading;
Evening Accounts
Traders Apparently Await
ing Favorable Events
Abroad; News No Help to
Buying; Reports Dull

Generally speaking, cotton traders
regarded the action OF Saturdays mar
ket as rejecting little more than an un-
settled sentiment and desire to re-
duce commitments pending \ change in
labor and political conditions aboard.
An opening decline was followed by
moderate rallies on covering, but scat
tering liquidation continued and most
months reached the lowest levels Of the
day in the late trading when July sold
at 1919. compared with 1926 the high
point touched on the rally of late last
month. That delivery closed at 1928,
withthe general market closing barely
steady at a net decline of IS to 20
points.
Traders found no change in the Brit
ish labor news, and the market opened
at a decline of to 20 points under
Wall Street and local selling, which
was probably promoted by the less ia
vorable weaEend reviews of domestic
goods conditions and reports of easier
Southern spot markets late on Friday.
1t is felt that no satisfactory view of
the export prospect will be possible
until conditions abroad become more
settled.
There were reiterated reports from
Washington concerning the desire of
the Administration to aid in relieving
the congestion of spot cotton holdings
in the South. and it is hoped that def
mite plans of this sort may be formu
lated at the conferences scheduled for
early this week.
The range of prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-03
Undertaking World
Competitors Sign of
Cermany's Strength
Bankers Returning From
Trips to Europe Point to
Trade Revival, Indicating
Progress i'm Rehabilitation

Germany is underselling her COM
pettors in many of the leading markets
OF the world Bankers returning from
the other side point to this as one in
dlcatlon of the progress toward indus
trial rehabilitation that has been made
by the Germans.
e.. The First Federal Foreign Banking
Association Of New York, organized
under the Edge law to finance foreign
trade, has issued bulletin in which
the return of Germany as a world
trader is discussed at much length.
1.-THE whole worlds trade is moving
in much lighter quantity" says the
bank" and at the same time in certain
highly organized industries, what ap-
pears to be an almost ruthless cam
paign of price cutting has been
launched by the Germans Germany
always was a bear on the worlds
merchandise markets, and was willing
to sacrifice profits to gain volume Of
export movement. There is some
reason for believing that German bust
ness interests may be going even fur
Their in systematic disorganization of
established trade relatio.. ships by
means of offers of low prices.
Some Of our exporting manufacture
international merchants in Holland and
Scandinavia that German machinery is
being offered in Europe, in competition
with American machines of the same
type, at quarter the price. They say
chat even Belgian and French concerns
are buying German machines and tools
because of the low prices.
"A reliable and shrewd spondent
Of this bank in Berlin has informed us
that 70 per cent of Poland's imports
are taken from Germany, which is also
getting the lions share of trade with
the entire eastern part of Europe, in
Guiding a large distribution into Rus
STA. For some months English manu-
facturers have complained of German
competition in the English market
itself. The most recent trade news
from England is that German steel
mills are underselling the basic manu-
featuring materials to English metal
working industries, thus cutting out the
English mills"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-03

Continued from page I
under contract must be turned out,
and after 1t is completed, the mills
will again be idle.
Many Workers Idle
1t is estimated that more than 1000
are idle in the omestead and the
Duquesne district over the closing of
number Of mills in the Homestead
and Duquesne Steel works of the Car
negic Steel Company this week.
The mills are operating about 30
per cent, and some mills are operating
on three and five day schedules, while
number are closed down. At the
Homestead plant three Of the seven
blast furnaces are down this week,
also the Howard Axle works, which
closed down on Monday night, the no.
inch plate mill, 38-inch mill and sey-
eral others, are idle.
There has been a decided reduction
in operations at the Cambria Steel
Company plant in Johnstown during
the past week, operations dropping to
about 45 per cent of normal basis, with
no prospect of an increase for next
week
Despite the denial of the company
officials that there will be a general
suspension of operations in the Cam
bria plant within the near future there
are numerous rumors afoat to the eff
feet that the local steel company will
suffer general shutdown. 1t is
claimed that Cambria has already laid
off number of salaried employees for
an indefinite period Several of the
mills, it is Understood, are now closed
indefinitely. 1t is also rumorcd that
the Cambria employees will suffer an
other wage reduction in the near fu-
ture, which will be a general wage cut
Resumption Plans Doubtful
The outlook for early rcsum ption of
the iron and steel business in the
Wheeling district is not bright, stated
an official Of one of the leading inter
ests. Few expect the mills to again be
opened to any extent before winter, and
some are expecting that the suspension
of business will continue for a year
This belief is general regarding the
Riverside mill of the National Tube
Works. This plant operated almost to
full capacity during the war and up to
the time it was closed down a couple
Of weeks ago, and now not even the
most optimistic expect it to reopen be.
fore a year.
Many Of the independent plants as
we'll as the Carnegie Steel Company in
the Sharon district are reducing their
official forces, and on Friday several
hundred salaried clerks were let out
The Farrell works Of the Carnegie Steel
Company closed two weeks ago and
outside Of officials and heads of depart
ments, all others we're laid off.
Sheel manufacturers of the Shenangc
Valley assert that there is no improve
Aent in business, and from present in
dications this will be lean summer
Pig iron production has dropped to
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-03
about per cent Of normal with only
one stack out Of fourteen in operation.
Tin Plate Shows Strength

Tin Plate Shows Strength
Tin plate shows the most strength in
the current iron and steel market in the
Of the expanding needs of container
manufacturers Fabricated stel and
wire products are in next best demand.
President Julius Kahn, of the Truscon
Steel Company, states that new bust
ness is coming in at the rate of rs per
cel Of capacity, whereas the current
operating rate Is about so per- cent.
This Is to be increased to conform with
the rate Of new orders. The company
is the leading fabricating interest in
the district.
The maintenance Of the price of 81
per base box is the best test of the
strength Of the tin pate market, as
practically all other finished product
quotations are well bcow the Steel
Corporation base, through declining
demand.
Additional sales of pig iron at s23,
tn eprice at which 1000 tons were pur-
chased by the Sharon Steel Hoop Com
pany, are anticipated in view of the
piled output in the furnace yards OF
local steel works interests. Some large
consumers are inclined to believe this
price may be shaded.
On the other hands merchant furnace
interests who are compelled to buy
their raw materials say they cannot
sell at this price without loss. They
declare that even self-contained pro-
ducers have a very narrow margin be-
tween cost and profit on such a basis.
Naturally, interests which are COM
PEELED to buy their iron are keenly in
terested IN the price situation, mas
much as it determines to a large eX-
tent the prices on finished products.
Keeping Prices Firm
The disposition the leading inde-
pendents, among them Lackawanna
Steel, Youngstown Sheet and Tube and
Brier Hill, to tighten on prices is still
manifest. These groups proceed upon
the theory that it is better not to oper-
ate at all than TO operate at loss.
Operating executives of railroads an
ticipate very slow ore movement dur
ing the coming navigation season.
Mergers of certain important indie
pendent steel groups are considered
highly desirable and would be well
coined in some of the affected quarters.
There is increasing readiness OF indie
pendent interests to listen to merger
proposals and reports that some such
negotiations are being carried on at
the present time.
The principal obstacle, however, in
the way OF some projects is the large
financial assistance that would be re-
CURED to consummate such move
mcnt. The advantages that might en-
sue to such interests, however, from
more economical management, larger
gross business without corresponding
increase in overhead, advantages in
buying raw materials and so on, make
such proposals more than ordinarily at.
tractive in a time such as the present.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-03

ssnc; average run, 2o027o; wisconsin,
,h%d nats, Ss@asho; held twins, $50
double Dalsies held. a7MI2sMo,~ Young
Americas. 27Q1sc; fresh. zee: skins, held
specials, 17M 1lshc; prime to choice. 1870
Ice; fair to good. 1o3l2c; lower grades,
5000.
Exsw-Receipts were 2s,231 cases, F'resh
gathered. extras. dozen. 31h Qa2c; storage
packed, extra nrsts ale: fresh. extra f,rsts.
acc; dirtice. MOI I. 23024o:s No 2. 2ldp
2ahc checks. KoPd to choice dry. ZIG 22c;
4o94bc; western Kentucky and Tennessee
$50 4Oc; goose eggs. 7o9Soc; state. Penn
sylyania and nearby Western. hcnnery
whites. extras. 3sc; extra nrsts, 36q37c
nrsts 800 s+c: gathered whites. nrsts1 to
extra f'rsts, 32f acc: undcr grades. 21W
soc; Pacific Const. white. cxtras 38Go40c
extra firHts. 36M3sc; frHts. 33R3bc: under
grades 3oD32c: other Western and South
crn gathered whitcs. 30Q3ec: state, Penn
ssylvnnia and nearby Western, henncry
browns extra, a4c: gathered brown and
mixed colorS. graded extras, 3lMQl32c;
hrsts to extra nrsts 28dp30c
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-03
Butter, Cheese. EGGS

Creamery. higher than extras. ib.. 400
6ol PC extras. % score. 1910; seconds,
3e@44c; lower grades. 33M37c; unsalted
higher than extras So NC; extras. 500
62hc; firsts. 46m51hc; seconds. Ss944c;
held or storage. extras. 42Q 43c; hrsts, SO a
4lc; sccondsfi 29@35c; lower grades, ESQ
Csc; Danish casks. fresh. 47h@4Shc;
state dairy tubs. finest. 4sQ4sc; good to
prime. 4o@47c; common to fair, ESQ soc;
renovated. firsts. 81 a33c; ladies. current
make. arstsn 25026 NC; seconds. 2lhdD
22c lower grades, 20M21c; packing stock
current make. No. l, 22c; No. 2, 20ls q 2lcc
lower grades, 17@2Oc.
Choese-Receipts were .637 boxes. State
whole milk, held, early made fats, specials
H.. ~ Ia 29c: fall made. PIN Q12Siac:
average run. 25@26iac; fresh specials
20 = g 4c; average run. 23c; lower grades
1SQ221zC: twins held snecials 27iA a