davidaulloa/AmericanStories huggingface dataset:
The Cordova daily times., 1921-08-05

The news that Lew Tender had been matched to meet the lightweight champion. Benny Leonard. in an eight-round no decision battle at Philadelphia on August 12. brings forth the fact that there seems to be q wide divergence of opinion with respect to Lews chances. Some there are who believe Tender has more chance of beating Leonard than any of the other men in the light weight division. Others point to the decisive whipping Eddie Fitzsmmons gave Tender at Philadelphia in May of last year In this connection it might be said however. that both men were southpaws. and this cir constance handicapped Tender as he is not used to it. In this bout Tender was momentarily seut to the mat in the sixth round Five of the eight rounds were awarded Fitz by popular verdict.
 Early indications are that the Pa cific coast football teams, by and large, will have their lnes-up of last year with very few holes shot into them. Californias football machine is figured to lose only two of its men and the same goes with Stan ford. The Northwest will have con siderable job on it's hands to over come the University of California. not to mention Stanford university which took their measure last fall It was not a particularly good year for the Northwesterners in 1920 and they will have to re-establish them selves.
 Football Is again beginning to creep into the news and it will not be long before teams all over the 'country will begin to swing into their preliminary practice work Last year was considered one of the greatest the great outdoor fall game ever had, but the prospects for the coming sea son seem even greater. This can be judged by the schedules which have been prepared by the various elevens. They present an attractive layout, with inter-sectional games on the in crease. The Princeton university and University of Chicago contest stands out prominently among these.
 A sport writer says that Dempsey is the greatest of all heavyweights and could have licked any of the men who preceded him. We defy any one to prove our contention that Jeffries, Johnson, Sullivan or Shar- key, in their prime. could not have knocked out Dempsey.
 Three times thus far this season has Babe Ruth made two home-runs fin one day. Last year up to this time Ruth had accomplished the trick seven times, one of the days netting three circuit clouts. June 2, 1920. being that partiuiar date.
The Cordova daily times., 1921-08-05

IT you change your address, do not notify the carrier boy-~spsrt ysar new address to the ofsIrs.
The Cordova daily times., 1921-08-05

Three times thus far this season has Babe Ruth made two home-runs fin one day. Last year up to this time Ruth had accomplished the trick seven times, one of the days netting three circuit clouts. June 2, 1920. being that partiuiar date.
The Cordova daily times., 1921-08-05
EVERS RELINQUISHES
 MANACERSHIP
(By Associated Press)

CHICAGO, Aug. 5.-Johnny Evers has been deposed as manager of the Chicago National league club and William Killefer, catcher, chosen to succeed him. Evers, who Is i'll, will be paid his full salary until the close of the season.
The Cordova daily times., 1921-08-05
SCORES
By Associated press) National League

At Cincinnati 1, Brooklyn 7. Cincinnati 5, Brooklyn 2. At Pittsburg :, Philadelphia 0. At Chicago ,, Boston 1o. At St. Louis i, New York Q.
The Cordova daily times., 1921-08-05
Sporting Notes
Paris Police Take Up Basketball
(By International News Service,

PARIS, Aug. 5.-The Paris police have taken up basketball as the sport best fitted to keep them in physical trim. Dressed only in bathing trunks and slippers, one contingent of agents" exercises an hour every morning.
The Cordova daily times., 1921-08-05

HOME SERVICE" PAINTS ". P. Fuller & Co. S F. LAUNCHES AND rows Pioneer and Swan.
 LAUNORIES Jones Laundry
 LADIES' FURNISHINGS Mrs. Barbara Heating. LUMBER YARD AND MILL cordova MIh & Lumber Co
 MEAT MARKETS Northern Meat Mark ct Cordova Cold Storage Co.
 MACHINERY WORKS ' CoTdovH Machine Works Harmon Machinery Go, Inc -. MERCHANT TAILORING T. N. Hubbert. MARBLE WORKS X.T. Juneau Marble Works. POOL AND BILLIARD HALLS The Club. Northern Club. Oscars Place, --''-~- -vr PAINTERS AND PAPER HANGERS I. D. Bogart PLUMBERS AND STEAM FITTERs Fred M. schaupp Smith & McConaghy
 PHYSICIANS Dr. W W. Council Dr. W. II. Chase.
 PHOTOGRAPHY Charles Scarborough
 RESTAURANTS Model Cafe. City Bakery Charley Chong Bills Place Lisa Cafe. Latouche.
 RAILROADS Copper River & N. ". Ky. LIGHT WATER AND PHONES Alaska Public Utilities SECOND HAND STORES Gus Cozokas,
 TRANSFER COMPANY | Alaska Transfer Co.
 STEAMSHIP LINES 7 Alaska Steamship Co. Pacific Steamship Co.
 REAL ESTATE 7 Cordova Adjustment Co. Cordova Abstract & Realty Go.
 RUBBER GOODS Goodrich III Press Footwear
 THEATER The Empress.
 uNpERTAkERs H. B. wolking < Co. 1T you change your address. do not s shn nw~tau wOQP
The Cordova daily times., 1921-08-05
SPORTING NOTES OF THE WORLD
(Pacific Sports Service)

NfaclilC SportG Service)
 SAN FRANCISCO, Aug. 5.-Eddie Diggins, one time Olympic Club box. CT and amateur champion lightweight boxer of the Pacific coast, is making quite a stir in the four round game and followers of the ring are figur- ing the little San Franciscan as a very likely prospect for something higher up in the pugilistic ladder of fame. Disgins has been going along winning his matches of late via the knockout route which indicates that he has one fthe most valuable as sets the professional ring man Covets, a punch.
The Cordova daily times., 1921-08-05
American League

At Boston 1, Chicago ,.
 At Washington ?. Cleveland 1. Washington 3, Cleveland I. At Philadelphia ,, St. Louis !. At New York 9, Detroit 8.
The Cordova daily times., 1921-08-05
BUSINESS DIRECTORY
Progressive Merchants and Professional Men Who Ad- vertise in the Cordova Daily Times

VerJlSe III the COTQOVd OallO Times
 AUTO SERVICE .sa~ Alaska Transfer Go.
 ATTORNEYS Donohoe X Dimond. F. H. Poster. E F. Medley. ''~-
 AUTO AGENCIES Owen F. Meals. Valdez
 BANKS Bank of Alaska. -~~ First Bank of Cordova.
 soTTLING WORKS Cordova Beverage Co.
 CHICKEN RANCH JOS Fry CLOTHING Laurie Bros. k.. W. ClaysOn. h, The Blum, O'Neill Go. Nt Finkelstein X Sapiro. CIGARS AND NEWS STAND Chas Nj. Rosswog.
 DAIRY II E. Mcdaniel X Co.
 DRUG STORES Cordova Drug Co. Northern Drug Co.
 DENTISTS Dr. Charles Daggett pr. Nj L. Biggs. Dr. Von Zesch. Dr. C. V. Daggett. Dr. Louis II. Wolfe. Kennecott. Dr. R. W. Nickerson
 FUR DEALERS Geo. R. Goshaw Co, Seattle. K. W. Drew. Tacoma.
 GROCERIES The Blum, O'NeiH Go. Finkelstein & Sapiro.
 HARDWARE The Blum. O'Nein Co. Finkelstein X Sapiro.
 HOTELS Windsor Hotel. Cordova House. Alaskan Hotel. Northern Hotel Manhattan Hotel. Overland Hotel, Chitina. Hotel Atwood. Seattle. Arlington Hotel. Seattle.
 INSURANCE cosdsya Abstract & Realty Go. CDrdova Adjustment G. Thousns 6. Scott
 SGwsLsRs n.~a MeAsnun. ~ 21USAA3 uboA e.s2~.'
The Cordova daily times., 1921-08-05

It is 10 be hoped that the recent victory of Bob Martin. the heavy. weight boxing champion of the Amer ican EXpeditionary Force. over Frank Moran via the knockout route will not be taken as any particular achievement by those who are in charge of the destines of the former soldier There has been talk in some quarters linking the name of Martin with that of Dempsey as a possible contender. It is quite possible he may be some day when he has had greater experience, but to put him in the ring now with the world champion would be courting ineyit- able disaster
The Washington herald., 1921-01-21
GENERAL ASPHALT
TAKES LEAD IN
BUSY STOCK DAY
Pool Activity Is Again
Feature of New York
Exchange.
TEXAS PACIFIC BUSY
Liberty Bonds and Foreign
Markets Also Feel
Advance.

NEW YORK. Jan. 2O-Po0I 40
tivity was again the chEracterisuc
Of the market and the efforts were
concentrated largely on specisltics.
Several issues Of spectacular rep
utatiOn stood out boldly In a mar
ket that was otherwise rather dos
ultory. The reaction at the clos-
was rather prOn@unCed, but IL failed
to affect sentiment materially.
Only a few skeptics thought that
they disceTned signs OF distribution.
and they attributed the offerings 70
strong interests that were called
upon to give support in the Decenil
Der break
From the standpoint OF strength
and activity, General Asphalt won
the title to leadership. II moved
up TO Il, but fell away rapidly in
the last half hour.
Texas Pacific Coal and Iron was
a good running mate for Asphalt
while other active issues among the
specialties were American Interna-
tional. Retail Stores. Cuban-Ameri-
can Sugar, American Cottonseed OIL,
American Linseed and a few others
Of similar character. Corn Products
ran up four points on small sales
The feature Of the market other
wise was the relative neglect suf-
fered by the standard stocks. Lib
erty bonds, however, were higher.
Investment issues are feeling the
favorable effects Of cheaper money.
Foreign exchange markets were
higher, with advances in sterling.
francs and Scandinavian Currencics.
Copper metal was said 20 have
changed hands at a fractional de-
cline TO the basis Of 10 cents for
spot metal Call money renewed al
6 and closed at per cent
The Washington herald., 1921-01-21
Credits Extension to Europe Only
Solution to Economic Situation,
Hoover Advises House Committee

gan, Hoover doubted that wheat
was turned over as much as 100
times between the producers and
consumer. He pointed out that the
margin in price was only fve and
six cents a bushel. which would
hardly satisfy that number OF
dealers.
Admitting that the transaction
might include a number OF lambs
who would make their contribu-
ton" he could not see, he said
that the turnover would reach
those proportions.
Little Manipulation.
Take the arrival OF a carload OF
wheat at a certain port-say Duluth
and. in the ordinary process OF
getting that cargo to the Gulf for
export, it probably would change
hands three or four times. Each
change would involve a rehedging
in the market that would produce
a multiplication OF about four In
the natural flow towards the ul-
innate market These hedges
| amount to a reinsurance TO each man
who takes possession of the COM
modify during the transit"
1t is only when, preponderant
amount of grain is handled by one
man, he said. in answer to other
questions. that it assumes the pro.
portions of manipulation.
Mclaughlin, of Michigan, ques-
toned the witness on the reasons
for boards of trade refusing mem
bership to cooperative associations
/ ha nj Of a n
| splitting of commissions by the as
sociations.
Hoover replied that a number ot
farmers elevator companies have
representatives on boards OF trade
and that he saw no objection to the
admission OF cooperative associa-
tions so long as they complied with
the regulations and accepted the re-
sponsibilities.
The development OF farmers ele-
vators is q greater benefit to the
farmers and I would think the eX-
changes would be glad to have rep
resentatives on the board. 1t would
be a progressive step and it seems
they should be able to arrive at q
means Of settling technical differ
ences. The boards should have rep
resentatives of every factor in the
market"
In answer to questions Of Repre-
sentative Mckinley. of Illinois, re-
garding his suggestion for a mar
keting board. Hoover said such
legislation should be flexible and the
members of the board allowed judi
cial discretion. The law would de-
feat itself, he said. if an attempt
Eat s1HN
and not enough fie1ibility.
Mclaughlin, of Michigan, cited
the fact that during the war there
The Washington herald., 1921-01-21
TRADE IS HEAVY
BUYER OF COTTON
Foreign Sales Also Promote
Advance-First Prices
Low.

NEW YORK, Jan. 2O.-Buying
for trade and foreign account pro-
NOTED an advance in cotton today
after the market had suffered fur
ther losses. Initial quotations were
. 3 to Is points lower. but the mar
ket received fair support.
Offerings from Wall street after
the start sent prices down to 1918
for March and to 1917 for May. or
about 20 to 25 points below the
previous close. January eascd with
the rest of the list.
The sales were absorbed well and
the market rallied rather suddenly
and sharply early in the afternoon.
The demand from the trade ap-
parently left local operators short
and in the absence of fresh selling
it required comparatively little de-
mand to send the list above the
previous chose. The buying for the
trade today was larger than at any
time in a long while. In the last
hour profit taking sent prices sew
eral points net lower. but the buy
a final rally. The close was very
STEADY dl net gain VI 10 10
points.
Spot here was quiet, with mId-
ding 10 points higher at 1880;
there were no sales. Spot al New
Orleans was steady, with middling
unchanged at 15c; the sales were
1858 bales.
Receipts of cotton in bales al
some of the leading points today
were: Galveston, 1920; New Or
leans. 1915: Savannah. 1851: Nor
folk. 1924; Augusta. SS5; Memphis,
1888; Houston, 1908.
Following are tOday's quotations;
The Washington herald., 1921-01-21
Worcester Workers
Refuse Reductions

WORCESTER, Mass. Jan 90
During the past few weeks favor
able comment has been heard Of
the acceptance by workers OF wage
reductions. Now it is developing that
many workers are refusing to &C
cept cuts until retail living costs
are reduced. Carpet weavers at
Worcester and the employees Of the
International and Steel Company
both have refused to accept rtduc-
tions. Rents. which constitute the
major portion OF the workers ex-
penses. remain at the war peak. and
retail prices OF food do not reflect
the consistent decline in wholesale
quotations. they claim in arguing
for the maintenance Of their scale
This factor in the situation is en-
gaging more and more the earnest
attention of the banking fraternity
The Washington herald., 1921-01-21
WHEAT CLOSES
AT LOWER PRICE
Selling Follows Each Rally
Corn Well Sup
ported.

CHICAGO, Jan. 2O.-Liquidation
market today and the finish was
"a to cents lower. Every little
rally uncovered selling orders
through commission houses and it
looked as though leading longs were
trying to get out of their lines as
best they knew how. The export de-
mand on the break was not nearly
so good as earlier in the week.
News from the seaboard was rather
bearish as early messages told Of
the British still out of the mark ct
and the overnight demand slow. 1t
may be that some business will be
worked out on the break.
The corn market was somewhat of
a surprise, for despite heavy re-
ceipts and a weak wheat market, it
received support throughout the
session, although the big buying
was said to be mainly short cover
ing. Because of this support the
finish was only is to IA cent low
er.
A good class Of trade was in evi-
dence in the oats market with COM
mission and cash houses competing
for offerings. The tone was steady
and values failed to show much re-
vision in either direction until just
before the close when they dropped
is to IA cent. Receipts were
lighter and this aided some.
Rye was I IA to l ga cents low
er and barley declined "a cent.
Provisions were of. Trade was
featured early by free selling of
NAV ribs by a leading packing in
dustry. The bulk of the offerings
were absorbed by a strong commits
sion house.
Following are today's quota tions:
The Washington herald., 1921-01-21
CONTINUED FROM PAGE ONE.

into the market that would not nor
mally flow. Therefore, manipula-
ton is a very damaging quantity"
The majority OF men in the ex-
changes, said Hoover, are honest
but there is always a minority in
any kind of business that will take
advantage OF abnormal situations.
II some kind Of a board 10 given
authority. he predicted that it
would receive the support of the
exchanges and trades generally and
would result in the improvement Of
these practices and the elimination
of wrong doing.
Could Extend Practice.
He declared that hedging could
rightfully be extended to other
grains and commodities. The mar
gin between production and con-
sumption is much less when an op-
portunity for hedging operations is
given. he said, as hedging is really
a form Of insurance.
Il have been considering" he said.
whether or not il was advisable
to establish a system Of hedging
for the bean market, with a view
to reducing the wide margin be-
tween the farmer and consumer.
The grains that have a free hedg-
ing market are marketed more ef-
fiCiently than those that have not.
The margin between the producer
and consumer of corn, which has
hedging facilities, is narrow. while
that on beans is wide. The reason
for this is the necessity for farm
ers to have a national price-one
they can see in the paper every
morning-on which they can con-
tract against the local dealer.
Where the commodity dealt in
has none but a local price, the ten
dency of the local buyer is to make
his own price. When there Is no
national price the buyer must make
a lower one in order to secure him
self from hazards"
The War Market.
In answer to questions by Rep
resentative Wilson, of Illinois,
Hoover said he did not find a free
market in beans, rice and similar
commodities during the war.
Asked if he thought it was easier
to corner commodities that are NOT
handled on the exchanges, he re-
piled emphatically, Yes"
Calling attention to the high price
of vinegar during the war. Wilson
asked if that commodity had been
cornered.
mo" replied Hoover, the excer-
tional demand for acids for other
uses created an artificial shortage
in the vinegar market which was
in the hands of a few people who
naturally took advantage of the
shortage to raise the prices"
In answer to questions by Rep
resentative Mclaughlin, of Mich
The Washington herald., 1921-01-21

Madeira signed the contract for the
coal company and r. C. Hill. the
vice president Of the company,
signed as the selling agent.
Il want to call to the attention of
the committee" Riley said, that
while these companies were charg-
ing these prices the three largest
distributing companies in New York
were never getting more than 1875
a ton for coal delivered at the door
in New York City" '--.r
Long tables. showing the prices
obtained for coal by the mysterious
companies A and B, the others
classed as excessive" by Riley,
showed that while the list price
ranged from ss to $3.50 for April to
November, 1890, these two companies
were getting prices as high as s14.
and that even in the same month
their sales varied as much as 81 a
ton on the same grade of coal.
The Washington herald., 1921-01-21

was no trading in wheat due to
regulation by the grain corporation.
and asked whether that would be a
good permanent proposition.
No" replied Hoover, 81 don't
think SO. 1t involves the determine
tion of the price of wheat do not
believe it is humanity possible to de-
termine the price of wheat and do
it righteously. During the war we
were choosing between great
number of evils.
DimcuIt Choice.
W. would have to determine a
minimum price. That minimum is
difficult to determine as between
consumers and producers. There
would be a tendency to set a high
minimum which would cause over
production and then the government
would have an enormous unstable
surplus while other crops would be
neglected"
Mclaughlin then suggested a law
fixing the price of all standard
crops.
The world has never yet pro-
duced a human being Of intellectual
attainments who could determine
the relativity of fair prices as be-
tween the crops. We would 20
straight away on a corn produc-
tion, or a wheat production and
starve the country on all other
crops"
Purnell. OF Indiana. suggested
that a perfection of the proposed
marketing system would result in
TO spectators and all hedgers, all
of whom. he said, neither sell nor
buy the actual commodity
Hoover said he believed hedging
necessary to some degree in order
! to give fieNibility. Il do not regard
1t as harmful unless a man goes
into the market with continued
selling to depress the market"
Agrees With TIncher.
Agreeing with Representative
! Tincher, Kansas, that there should
/ be some regulation of manipulation.
! Hoover said it could be done with
| out injury to legitimate trading and
/ should be done in cooperation with
! the exchanges.
Asked by Representative Young
| Of Texas. for his opinion Of the re-
suit of the proposed destruction OF
! the cotton exchanges at New Or
! loans and New York. Hoover said
| the first effect would be to trans
fer hedging operations on cottor
! to Liverpool, which. as the one and
| cnly cotton exchange. would domin-
ate the market of the world
He agreed with Young that the
result Of efforts to destroy Ameri.
! can cotton exchanges would ave
detrimental effect on Nmcricsr
cotton
Il do not believe it possible" said
| Hoover. Ito frame a hard and fas,
law to NEE: all conditions from
year 90 year. have d great re.
.rect for human invention and abiI.
ity to evade almost any kind 4 E
regulation
Under Consumption.
The United States has a vas
surplus of food and raw materia
which it is unable to marke.. Eli.
rope. on the other hand IS at the
lowest stage OF its economic his.
tory. The world is mo- sufrt rims
| from oYerproduction. bat from Ia,
| derconsumption-due ~ The :raiT
to economic causes AMI inability tc
| secure materials on cref't lending
recuperation."
| He declared the solution was 81
establishment of credit. aod saic
in time those people will recu
perate so they can pay their debts
Germany is consulting less cot
ton than at any time in her his
tory, but has the same desire FOL
cotton" he said. One factor il
her economic life is to Eet her spin
The Washington herald., 1921-01-21

eSs 6N4Ab' @s well as OSueT Nsdhu-
factures.
Before the war Germany con-
sumed 100 grams OF fats Per capita.
During the war it was reduced to
80 grams, and it has since climbed
to 60.
Credit. Only Solution.
III Germany and the other coup-
tries Of continental Europe are re-
stored to normal consumption Of
fats, the American farmer will be
selling his hogs for fair rice.
1t would have the same effect on
other commodities.
There is no other solution but
extension of credits" lie declared
emphatically.
Asked by Representative Jacoway.
of Arkansas, for his opinion on
the question OF evolving a system
or credit for Germany that would
bring rehabilitation. Hoover re-
piled:
Before Germany can be paced
on a basis, OF return to normal con-
sumption, her indemnify should be
settled on some sort OF basis."
He said there were a thousand
objections to extension Of credit by
the government, in answer to Ques-
tions. He said, however, ne thought
it possible to build up by normal
processes OF business where credit
could be established and predicted
that the recently organized Edge
bank would be a valuable factor.
Representative Ward Of New
York. asked whether il would be
advisable to create an exchange for
wool ana hides.
Hoover said that a hedging mar
ket for wool would be Of very great
advantage but said hides would be
more difficult. He said he thought
there would be a price on wool
now if it had hedging facilities"
Corner is Gone.
/ Hoover declared the old-fsshioned
corner" had gone out OF existence
/ due to increased business morality,
which has put the taboo" on this
kind Of operations.
The second form Of manipulation,
! he said. is the making OF drives on
the market either by extensive buy
/ ing or selling that affects the price
Of commodities.
ANY attempt OF any individual,
he said. ito disloCate a free market
must be against the public inter
ests. Drives on the market that de-
I press prices find Considers bl c
number Of holders unable to hold
on during the fan in prices and
must liQuidate because OF OUtstsnd-
! ing obligations
He suggested, as remedy for
this situation, an endeavor TO arrive
from time to time at a limitation. OF
quantity Of purely speculative
transactions that can be entered
upon by>any individual or firm.
The Washington herald., 1921-01-21

John Sharp Williams may be
succeeded in the United States Sen
ate by a womsn-Miss Belle Kesr-
ney. OF Flora, Miss. sUfTrsEist, pro-
hibition lecturer and traveller. who
has announced her candidacy for
the seat held by williams.
The Washington herald., 1921-01-21

The support
pensions soldiers for nearly
The total Of the civil functions the for
considerably
cigars In other
country the Treasury
the civil and have good
att he of the