davidaulloa/AmericanStories huggingface dataset:
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-06-19
WESTERN APPLE
CROPS ENORMOUS
Number Now Placed at Four
Billion; Forty Each for
Every Person in U. S.

wENATCHEE, Wash, June 49,
Enough big red apples to girdle the
globe will be transported through
the Northwest by the Great North
ern Railway this fall. according to
william P. Kenney, vice president
in charge of traffic.
II they were pared and strung 10
an aeroplane like a kite tail no avi-
ator would be able to fly high enough
to lift the other end of this noun
tain pile of parings off the ground.
But why waste the Feelings? says
Mr.. Kenney. They make good vine
gar. or good drink, IL preferred
These apples will cvme from We
natchee Valley. Sixteen thousand
cars will be required by the Great
Northern Railway to move this huge
crop. Each car will contain 1855
boxes and each box $50 apples. max
ing a total of approximately ISL
400, 900 apples, more than ten apiece
for each man, woman and child in
the United States. If these apples
were shipped at once 1t would re-
quire a train about 200 miles long
to haul them.
Z. C. Leedy, general supervisor of
for the Great Northern
Railway, estimates that the apple
producing valleys of the Northwest
will raise about 4,oo0,ooo,ooo apples
this year.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-06-19
WESTERN HARVEST
IS UNDER FORECAST
Decreases-ef 1909 Shown in
Gases, Declares Authori-
tatye Report.

CHICAGO, June 1s.-The worlds
wheat situation is much too evenly
balanced. according to Thomson &
McKinnon, in their weekly review.
for any very low. or even cheap,
prices, and the United States and
Canadian crops are vital to any
stability at all, so that the out
come of the wheat crops in North
America is very important. We
are in for a moderate-sized winter
wheat crop. and start in with a
prospect of a smaller spring wheat
crop than usual. The prospect Is
for further cutting down of our
winter wheat totals, and spring
wheat has all its vicissitudes be-
fore it. with mutterings of black
rust trouble right in the fore
ground. Threshing returns from
winter wheat in Missouri and Illi-
nois are turning out much under
expectations in most instances re-
porting they are being cut in two
from previous estimates. From
long-range point of view, we expect
the trading public. who pin their
faith to SrnpFerate-sized crops of
wheat and good average price for
the same. and keep on the construc-
tive side Of September wheat, will
probably fare the best.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-06-19
COYEY HAS FOREIGN
LOAN FUNDING PLAN

Gen" Jacob S. Coxey. famous
leader OF the army of unemployed
that once marched upon Washing
ton, took a fling at international
finance yesterday.
In a letter he left at the white
House, Gen" Coxey urged that the
United States fund its foreign loans
into 25-year, noninterest bonds. Four
per cent OF ,the principal would be
paid annually. Then Congress should
authorize the Secretary of the Treas
ury to issue 5000 .ooo, geo in legal
tender and call upon patriotic hold
ers of Liberty bonds to accept such
Treasury notes in lieu Of the bonds.
To charge interest on our foreign
loans, according to the general"
Is to "enslave Europe"
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-06-19
MART UNSETTLED
BY SHARP BREAKS
Cities Service Abrupt Declines
Weakens Curb Trade
Considerably.

NEW YORK, June 1S.-The mar
ket on the Broad street curb during
the past week was unsettled by the
violent breaks in the Cities Service
issues on Monday. The heaviest
loss in this group was sustained in
Cities Service which fell from 145
to 100 on that day compared with
210 on the preceding Friday, but
later in the week rallied to 13l. The
bankers shares sold down on Mon
day to Is 1-2 to IL LIZ moving up
later in the week to II 1-2 and the
preferred stock after falling from
As 1-2 to IS moved up to so. Many
of the stocks of oil companies op-
Grating in foreign fields were also
extremely weak. Maracibo falling
from "a rs to % and International
Petroleum dropped from IA to
IL "a. Sicily yielded from 4 1-2 to
the new low of 3. Low priced
shares were again prominent, among
them Hudson Oil because of reports
of development work including
Standard Oil connections to handle
production from a new well. Simms
Petroleum ranged from L 1-2 to
8 IL.
A feature of the Industrial group
was the weakness in the motor
stocks. Locomobile sold at l to 10.
Mitchell at Ia; Peerless at "a "a
to %; Motor Wheel at 9 and pre-
ferred at "a. Coal issues were gen.
orally steady. Glen Alden Coal rang
ing from 40 Ia to AZ and Lacka-
wanna rights were traded n at
IS IA to SO 1-2. Southern Coal
was under pressure for a time.
dropping from LIZ to 1-2 but
rallied to IA. Sweets Company
of America declined to SIS fol-
lowed by a rally to rs. United
Retail Candy sold from 10 the new
low record of IA Tobacco Pro-
ducts Export was traded in at to
5. Todd Shipbuilding sold at So to
so. Car Light was one of the weak
features falling from 2 Is to / 3-S.
Celluloid preferred dropped from
1O1 1-2 to 80 followed by a rally
to 100 liz.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-06-19
BOND CONTRACTION
BRINGS STABILITY.
Increase in Demand Not Pro-
nounced-Lull in New Sc
curity Flotations.

NEW YORK. June 1s.-In seek
ing an explanation for the greater
stability in bond prices during the
past week, 1t is necessary to look
further than the lower rediscount
rate promulgated by the New York
Federal Reserve Bank. That rate
reduction was announced late
Wednesday. and Improvement in
the bond market was first noted
earlier in the week. The best eN-
planation-and one that has the
greatest weight of evidence in
bond houses-is that the improve
ment is due TO a contraction in the
offered supply of bonds rather than
to any pronounced Increase in the
demand. The item OF supply en-
braces old and new bonds. The
lull in new security offerings serves
the bond market a double purpose.
in that it not only reduces COM
petition, but also removes the In
centive for selling old bonds. for
there has been much exchanging OF
old bonds for new ones in recent
weeks.
There is good reason to hope that
this latest intermission in new
financing projects may be more
than lull. After conference with
the Treasury Department. leading
Investment bankers reached an
agreement whereby all applications
from foreign governments or NUM-
cipalities for loans win oe SUBMIT
ted to Washington. This govern
ment. in its efforts to promote for
eign trade, is dedicated to the
proposition that funds secured in
this country should be spent here.
This policy is expected to force
some foreign borrowers to apply to
other markets
The thawing-out process contin-
ues TO produce results. and State
credits are less a source of worry
than they were a short time ago.
In the past this kind Of liquida-
tion has resulted in the release OF
tuhds IN such quantities as to in
crease the purchase of bonds and
other Investment securities at bar
gain prices. That this precedent Is
nor being followed out in the pres
emf instance with due regularity :,
que to the fact that much Of the
creot inhation was facilitated nv
IouiScouhts at the reserve banks
ana the proceeds of deflation are
neihg devoted. to a large extent 70
the retirement Of member hanL.,
paper at the central institutions.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-06-19
JAPAN BANKERS
MAKE HUGE LOAN
Chinese Eastern Railroad Gets
$4,000 900, According to
Late Reports.

PEKIN, June 1S.-Japanese capi-
talists have made a loan of $2o'ooo'-
900 to the Chinese Eastern Rail-
road, according to the latest reports
in this city. 1t is certain that ne
gotiations for this loan have been
carried on for some time by the
minister of communications apd
the Japanese. Reports also have 1t
that Sun Hsiac Lien. the director
general of the railway, has re-
signed.
The signing Of such loan
means the passing of an oppor-
tunity for China t6 bring about
strong commercial development In
Northern Manchuria and gives
Japanese power over new territory
in the province. 1t is thought to
be the ultimate aim of the Japanese
to link this railroad up with the
South Manchuria Railway and the
Kirin- line in their ex-
pansion. program for the commercial
from yladivostok some time ago
predicted this move on the part OF
.he Japanese, saying as soon as
Japan had full control of the new
government of the maritime pro-
vince attempts would be made TO
secure control of the Chinese East
ern Railway.
The loan, as reported, gives
100000 to the Fushun Ming
company. a Japanese concern con-
trolled by the South Manchurian
Railway. to which the Chinese
Eastern is Indebted Tor coal. II
provides tat $4,000, 900 be appor.
toned for paying up arrears in sal
aries. ss,ooo.o0o Cor. rolling stock
9nd tn remainder for general
maintenance.
=. (cepyright, ls2l.l
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-06-19
Big -Four Not Affected
By Latest Wage Cut

CHICAGO. June 1S.-Members of
the four big brotherhoods were not
affected by the wage decision made
recently by the United States Rail-
road Board, it was announced here
today.
The board made this announce
ment in answer to queries from
several railroads that were under
the impression the wag~ cut in-
cluded engineers. conductors. train
men and firemen. Those included
in the cut. which becomes effective
July /. are shop employees and
laborers. =
The board stated 1t would make
decision ON the pay of the MEM
bers Of the four big brotherhoods.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-06-19
CONTINUED FROM PAGE ONE,

Jurisdiction of the Court of Appeals
of the District of Columbia.
For the purpose of paying such
sums as the condemnation proceed
ings find necessary. it Is proposed
to authorize the sale of bonds Of
the District of Columbia in such
and amounts as the
commissioners may deem necessary:
these bonds to become due and pay,
able thirty years from date Of is
sue and to bear interest at 5 per
cent, the interest to be paid from
the revenues derived from opera
ton.
1T is inadyisable," said the Rep
resentative, ito hold the govern.
ment responsible for the payment
of the whole or amy part of the
interest on the bonds or to expect
it to contribute any money whatever
to the corporation. After the bonds
have been issued II is the plan to
have the commissioners sell them.
the proceeds to be used to pay the
owners of the condemned property.
Plans Sinking Fund.
For the purpose of paying the
bonds at their maturity, it will be
necessary to establish sinking
fund into which. after three years
OF operation, there should be paid
annually such portion of the an
nual receipts as the commissioner
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-06-19
CONGRESSMANWANrSC CITY
TO OWN ALL IT'S UTILITIES
District Committee Member Says 1t Would
Save Public's Money.

deem proper. The commissioners
should be empowered to invest the
amount placed in the sinking fund
In public securities. together with
the interest accruing from these
securities, To secure working cap
ital, bonds of 100000 should be
issued due and payable in fifteen
years from date.
In order that me railways may
be operated in an efficient manner.
II is proposed to empower the COM
missioners to employ the expert as
sistance and counsel necessary"
The saving to the people under
such plan would in itself justify
its trial. not to mention the OBJ
yious improvement in service, Mr..
Keller maintains. Figures lately
compiled have given evidence that
1T is possible to have a scent fare
in the District of Columbia in a very
short time. and six tickets for IS
cents within three years, he said.
Sees Immediate Saving.
From recent reports it was
found that the expenses of the
street car companies for 1920, were
N0.033.0s231 and the earnings &c.
627,404.04," he continued. This,
according to my plan, would imme-
diately produce a surplus of $685.
s21.73 to be used for improvements,
extensions or other purposes. BY
grouping the companies under one
head it was found that $4,000 could
be saved in this one item.
"The salaries of the general OH
- ha
to be as follows: Capital Traction
Company, s55,So0; the Washington
Railway and Electric Company.
$36,111.5o; the Potomac Electric
Power Company. s47,s5O. This ag-
gregates s139.S6l.5o. allowing
very generous amount for salaries.
1t is conservative to say that $780,
900 of this amount could be saved
and It is just as conservative to es-
innate that by rerouting. cutting
out, Implications, the installation
of ~ systems, elimination of con-
gestion. and other similar items.
s315,767 more could be saved
Establishment of a sinking fund
to finance the subsequent extern
sions would relieve the company OF
this burden.
Make II Model City.
Washington said Mr.. Keller.
lis the ideal city in which to estab-
lish the public ownership of all
public utilities. politics do not ma
terially enter into these things in,
the District, as they are prone to do
in other cities. / really believe
that public ownership of the utili-
ties corporations in Washington
would make this city a model from
which any city in the United States
might feel proud to pattern.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-06-19
CHAMBER OPPOSES
CASH BONUS AWARD

The United States Chamber OF
Commerce last night came out
against a cash bonus for service
men,
A brief sent toPresident Harding
and hundreds of trade and COM
mercial organizations declared that
the war had laid mortgage of
s1.135 on every family. in the United
States, and that cash bonus
would only add to the burden.
1t was pointed out that the gov
eminent already has authorized the
expenditure Of $500, 900, 900 for
soldier relief. and an additional
$500. 900, 900 for. war risk liability
insurance. Economic rehabilitation
is seriously fnterfered with by the
excess of government expenditures
over revenues, and the paramount
consideration is to conserve re-
sources and lessen the burden of
taxation. the brief stated.
At the same time, the brief made
1t clear that the organization is
actively in favor of national legis-
lation to meet adequately the needs
Of disqualification and reha bilita :,
ton for disabled veterans. and for
constructive measures to enable
former service men to cultivate the
soil. to build homes, or to obtain
vocational training" -
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-06-19
Says Farmers Won't Bug
Until Prices Are Cut

ss a genuine effort is mace
me summer and fall months
a winter of suffering ana nnres,
confronts the country. renressntaN
tives of several national farm or.
carnations declared In a state
ment yesterday.
The greatest single class of buy
ers the farmers. are out or the
market and will stay out until prices
OF many commodities are still
further reduced. the statement de-
clared.
With little hope for an increase
ip>the cost OF farm products. prices
of other commodities must be ad :
justed to harmenize with the farm
ers depleted pocket-books, the state
ment said
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-06-19
COTTON GAINS in
CLOSING TRADE
Scattered Liquidation Sends
Crop Off in Initial Trans
, actions.

NEW YORK. June ls.-There was
enough scattered liquidation on the
opening of the market from outside
Interests following yesterdays heavy
break Of about so points from. Thurs
days closing to send the market
about 10 points in the initial trad
ing. July went down to l1.07; Octo-
Der Of the new crop, 11.s1; December,
.1242, and January. 1887. After that
decline the market met with better
buying support from trade interests
and there was also considerable fur
Their profit-taking by local shorts.
This rallied the market in the latter
trading to about Is to 20 points
over yesterdays closing quotations
with July going up to 11.42; October.
1923; December, 1865. and January,
1885. Then the market relapsed
into dullness with prices reacting
about 10 points from those quota
lions toward the end of the session.
There was a. deal of confusion in
the trade opinions regarding the
actual situation and outlook of the
British coal miners strike. Some
cables insisted that II would soon
be broken. for many miners are GO
ing back to work regardless of yes
terday's overwhelming vote to con-
tinue the strike. On the other hand,
late press cables said the labor
n
ment calling upon the trade labor
unions to support the miners con-
tinuation of the strike. 1t being a
holiday on the Liverpool cotton mar
ket there were no reports on the
actual state of the cotton market
for spots and futures there on these
developments to help the trade here
to form definite view of the pres
ent conditions and the outlook.
The Financial Chronicles annual
report on the acreage for the new
crop was issued today. 1t makes the
decrease in the area planted 24%
per cent with the present acreage
estimated at 27,S75,000 against its
figures of 37,043,000 year ago. 1t
reports the crop in a good state of
cultivation with ample labor.
The weather conditions through
out the cotton belt were generally
favorable today. The world spin
ners' takings OF American cotton
for the week are estimated at only
llO,425 bales against 10000 last
year and $4,000 two years ago, this
being the smallest total for any one
week for more than the past two
years. These figures include the
weeks exports. Southe mill takings
and also the shipments to northern
spinners and to Canada. The world
spinners' takings of American cot
ton from. August I to date now ap-
proximate only s,So0.0o0 bales against
nearly l1,5o0.00o the same time last
year and 100000 the corresponding
period in 1919. This includes the ex-
ports from August to date of A.
100000 bales against 100000 the
corresponding period last year.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-06-19


The new tariff again separates
the stream of Canadian export
wheat from the American crop.
Previous to October, 1918, for Is
years a duty Of Is cents per bushel
had been imposed on ali imports.
In 1913 wheat was placed on the
free list except for a 1o-cent duty
against countries having a duty
against the United States. Since
Canada had a l2-cent duty this re-
suited in a l0-cent duty in effect.
In April. 1917, Canada removed all
duty and wheat moved entirely free.
Canads's surplus of wheat has
been growing steadily for a long
period in contrast to the decreasing
surplus Of the United States. The
Canadian export balance grew from
50 per cent in 1902 to 81 per cent
in 1915. which was the peak in ex-
ports. During recent years the ex-
ports have been about 20 per cent
of the crop. In 1920 exports. were
so per cent Of production. or ILL.,
8e1,si3 bushels.
In contrast with Canada the
United States wheat exports have
declined from 81 per cent Of the
crop in 1902 to IL per cent in 1911
and has been running around 20
per cert for several years. In 1920
exports were 1896 per cent of pro-
duction or 2ls.S6I.il2 bushels, just
little more than twice the Ca
madam surplus. Canadian produc-
ton and exports are shown in the
accompanying table No. 1.
In recent years about 30 per cent
of the Canadian crops has gone to
Great Britain. as compared with
about 80 per cent OF the United
States exports which go to this
source. The Canadian wheat has
led in the british market. but since
the world war Canada has had
more Of a worldwide market than
heretofore.
The movement OF a large part
Of the Canadian export wheat
through ports Of the United States
Is a result Of the circumstances Of
transportation ratheI than any de-
sire to join the wheat with the
American crop. The rates for eN-
port through Montreal TO Liverpool
are lower than through ports on
our coast. but during a long period
when these northern ports are
closed in winter the American ports
are the only open route to Europe.
Canadian ports cannot improve ~
meet this demand chiefly because Of
a lack Of import trade in sufficient
amounts to bring in a large ton
mage.
The amount of Canadian wheat
passing through the United States
in bond for foreign markets in
creased during the early days Of
the war until 1917. when the duty
was removed and there was no
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-06-19
DEPOSITS INLAND
BANKS RESTRICTED
House Committee Reconsiders
Favorable Action on
Curtis Bill.

As a result of reluctance to au-
thorize the use of as much as soo'-
900, 900 of government funds by the
Federal land banks, the House COM
mittee on Banking and Currency
yesterday reconsidered its previous
favorable action on the Curtis bill,
which was passed recently by the
Senate.
The committee framed a substi-
tute bill which provides that the
Secretary of the Treasury may In
his discretion make deposits with
the Federal land banks, but that
the aggregate Of such deposits shall
not exceed the difference between
the aggregate paid-in capital stock
of the twelve Federal land banks
and the sum of s50.000.o 900.
The effect of this provision Is to
limit additional deposits besides S.
100000 authorized under the pre-
vious law, to about s25,ooo,o00. The
bill provides that such additional
deposits may be made by the Treas
ury until the Aggregate paid-in cap
ital stock of the twelve banks shall
be s50,ooo.e00 OF more.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-06-19
Employment Conditions
Continue to Improve

Employment conditions Improved
In nine Rroups Of Industries out
Of fourteen I'm May, according TO
the monthly report of the bureau
of Labor Statistics In ave of the
Industries there was n decrease
In the number of persons on the
payroll while in the other nine
there was an increase. Ten of the
fourteen Industries showed an in
crease In the smount of money
and four a decrease.
The largest increases I'm the
number of employed I'm May rs
compared with April were as per
cent in hosiery and underwear;
50 per cent In leather, and 81 per
cent In wooden goods. Paper max
ing showed the largest percentage
Of decrease. Is-s, while In mems
ready made clothing and car
building and repairing, there
were decreases of Al and "a per
cent.
The most Important increase In
the amount of money paid en-
ptoyes IN "uy us compared Win
April were DC per cent in auto
mobiles. ~ per cent In wooden
goods and 81 per cent I'm hosiery
and underwear. There WINS n
decrease Of us per cent I'm paper
making and one of LAG per cent
In mems ready-msde siothinR.
Comparing the figures of May,
1871. with those for identical es-
tabIishmepas for May, 1890. &c ap-
pear. that I'm thirteen Industries
there WINS a decrease I'm the num-
her of persons employed. The one
industry reporting an increase i'm
the number Of persons employed
was cigar manufacturing, which
shows nm Increase Of $40 per
cent over May, 1920.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-06-19

considerable part OF this Ca
madam wheat goes out OF the
United States as re-exported wheat
or flour. Since most Of our imports
Of wheat are Canadian IL is safe to
assume that these re-exports are
largely Canadian. This class OF re-
exported wheat amounted to 1s7.555
bushels of grain and 2s.725 barrels
Of flour in 1920.
From September to February. the
main Canadian wheatmoving sea-
son. the United States customs Of
ices reported wheat and flour
equivalent to $4,000. 600 bushels OF
wheat as having been imported.
From Canada IL was reported that
100000 bushels, had been shipped
to the United States in the same
period. The difference Of 10000. 900
bushels w. represented by the in
transit wheat as shown by the
amount of clearances in hand at
American seaports.
A comparison of the Canadian
and United States wheat crop from
world trade standpoint is about
as follows. estimated by the bureau
of markets.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-06-19
COTTONSEED OIL.

NEW YORK. June 1s.-cotton-
seed oil was steady. Spot $50 bid;
crude. SIS bid. Futures-Jsnuary.
7.eoa7.s5: June. 7.s0as.0o; July, 7.els
7.e2: August, 7.76ss.sS; September.
7.sOsT.s4; October, 7.sta7.e5: Novem-
Der, 7.sSa7s5; December. f.S5s7.so