davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-09-09
United Drug at New Low

United Drug directors are scheduled
to meet tomorrow. Rumors were cur
rent yesterday that the bankers in
terested in the company's financial re-
Mobilization were inclined to favor
making the junior shareholders forego
further distributions until earnings
show much greater Improvement 1t
is reported that the company's balance
sheet as of June 80 will show a write
off of inventories approximating S13,-
100000, and that there will be a deficit
for the six months of between S6,O0O,-
900 and S7000,O0o, due largely to these
heavy write offs. The common stock
sold yesterday at 46A, new low for
the wear,
New-York tribune., 1921-09-09
In w all Street


The banking community did not
warm up yesterday to the proposal
from Washington that the government
place on the market car trust certifi-
Gates amounting to about $380,000,0oO
issued by the railroads and which are
now held by the railroad administra-
ton. Those who sponsor the idea argue
that if the certificates are disposed
of money would be made available in
that way for advances to the railways,
thus making it possible for them to
proceed with maintenance and repair
work on an increased scale. The GER
tifcates carry 6 per cent interest
rate and may not be sold by the gov
ernment for less than par. The bank
ers whose views were asked yesterday
on this proposition did not think 1t
feasible. For one thing it was held
that only the certificates Of the roads
of highest credit could be sold on a
6 per cent basis.
New-York tribune., 1921-09-09
Baldwin Locomotive

An explanation for the recent
strength in Baldwin was offered yes
terday in the statement that the com
pany in the first six months of the
year, despite the. general business de-
preston, had earned the full years
dividend requirement of per cent
Baldwin advanced to 83 yesterday, a
new high or the present movement,
and although the stock showed the
effect of profit taking later in the mar
ket session, it still was up over point
on the day.
New-York tribune., 1921-09-09
Keystone Tire

Reports that the Keystone Tire &
Rubber Company is planning new
financing brought prompt denial yes
terday from an officer of the corpora
ton. 1t is not the intention of the
company to borrow, he declared, az no
financing is necessary. The company,
it was stated, is steadily improving its
position. 1t has liqridated it's bank
leans, which were fairly large at the
beginning of the year, and at present
is strong in cash. The stock was 4
small fraction lower ar the close yes
terday.
New-York tribune., 1921-09-09
London Market FeatureIess

LONDON, Sept. 8. There was M
feature to the trading on the Stool
Exchange to-day. Bar gold was ouotsd
at HOS Id: money was loaned at oN
per cent. Discount rates were: Short
bills, 4 per cent; three-month bills. AZ
per cent -
Clnsinn nno+n4;A
New-York tribune., 1921-09-09
Irving National
Bank
CLINTON GILBERT
z Wall Street, N. Y. Tel. 4S4S Ree.of
Meyer Confers With Harding
Before Survey of Wcsl

WASHINGTON, Sept. s.--Prepsss. 8.
tory to leaving tonight on his ZIP
to study financial conditions in tns
West, Director Meyer, of the WA
Finance Corporation, called to-day o'
President Harding.
The President, Mr. Meyer said, hsss
and was very hopeful of beneficial =,
suits Tor Western agricultural s'ss
other interests.
New-York tribune., 1921-09-09
lng quotations of stocks were
Paris Market Irregular

PARIS, Sept. 8.-Prices moved irrep-
ularly on the Bourse to-day. Three
per cent rentes, Sc francs so centimes:
exchange on London, 48 francs 65 cen.
times; 5 oer cent loan, 81 francs As
S~llar was quoted at 13
francs centimeA
New-York tribune., 1921-09-09
Bid and Asked

Following are the closing bid and
asked quotations of stocks listed on thu
Stock Exchange in which there were
no transactions yesterday:
New-York tribune., 1921-09-09

~ Bid. Asked. Bid. Asked
Sloss Shelf pf 65 II Drug lst pf 3S 40
I Sugar. 99 80 I'm Ry Inv. 7N s
@, 90 pt :.... % 80 do pr ..... 16 *
81 >. on o. Cal. 7lA ~ : C Il & 1917 1411
@ @S.aei Iupe 80 1o34 do p ...... Az 42is
Strom Carb. 80 81 Express 57s 6
Super Steel pf 81 96A u s | Ale Of 70 %
Iemtor Az 5hlU ) Rub pf. S5 ST
I & Id Tr230 400 U s Il Ref 9S1s 9o
Tidewater Ou.1l0 lao do pf as 20
Tnb Prod pr. SAX S7AiUtah Sec,r N
TStL&W ctfs. 8 10 V Raaite nf 7sn To,s
do pf ctfs. Is 16 Wabash nj = isE ,g:1
TraIsue Will. 81 80 IWeb-Heil 1oH< 20
L" Ily L. SS Az Wells Fargo. IS SO
~, 40 ~ ~ 20 West Pac pf. so Sljl
oin 10 lypewnt' IVA Mio31s i87.slW 4 L pf 151k II
Union Tank so 95 IWonIworth rf IN Az
r,.e 90 pl " 80 Pump pf SAX SO
VI ,igar s'.,l2o zoo Wright Arp. 71A 8
New-York tribune., 1921-09-09

Bank Clearings-Bank clearings at
New York yesterday we're: Exchanges,
1854, 100000; balances, $53,8oo,0Oo.
Silver-London, 38%d; New York,
domestic, bar. 99Ac; foreign, 63%c;
Mexican dollars, 49c.
New-York tribune., 1921-09-09
Never an Ontimist

The turn of the road in American
business is in sight, according to Eu-
gene Meyer jr., managing director Of
the War Finance Corporation. be
finds, however, that one of the diff
culties in the present situation is the
fact that retailers, wholesalers and
manufacturers are now conducting
their business on hand-to mouth
basis, each carrying the lowest pos
sible stock of goods. "The direct re
suit" says Mr.. Meyer, "has been to
throw back upon the producers and the
country banks that finance them the
raw materials which normally are car
ried by mills, wholesalers, jobbers and
retailers. Growers of wheat, cotton
and other producers, unable to market
their products as rapidly as formerly,
have been compelled to hold them for
longer period than usual. If the bust
ness men of America would resume the
carrying of normal stocks the load
forced back upon the producers would
be more generally distributed, result
ing in freer circulation of business
and a greater buying power on the
part of our agricultural population"
New-York tribune., 1921-09-09
United States Steel Untitled Orders

Publication of the untitled orders on
the books Of the United States Steel
Corporation as of August 81 at noon
tomorrow will be watched closely with
the purpose of detecting any signs of
improvement in the industry Al
though the Street is guessing that
there will be another falling off in
bookings, the chief topic of discussion
is as to the size of the decrease. Esti-
mates seem to range between 10000
and 100000 tons. This would mean
that new business has been coming in
in greater volume than for several
months. The decline in untitled or
ders at the end of July totaled 287,5
tons. A falling off, say, of It's. 900 tons
last month would bring the bookings
down to approximately 4,650,O00 tons.
New-York tribune., 1921-09-09
Money and Credit

Call money renewed yesterday at SIX
per cent, but, as on the preceding day,
dropped later to per cent, which was
the final rate. Brokers reported a
plentiful supply Of funds and an in
creasing disposition on the part of the
banks to make offerings of time money
Yester- Year
New-York tribune., 1921-09-09
Transactions Yesterday i'm Listed Stocks
Summary of Stock Exchange Dealings

Copyright. 1871, Tribune
New-York tribune., 1921-09-09

Stocks

(Copyright. 1871 New York Tribune Inc.)
New-York tribune., 1921-09-09

francs 2 centimeA.
Evening star., 1921-11-18
NVzEWPOLVTAL ALONE IS KEPT
FROM FREE DISCUSSION WITH PRESS

gan q week ago, to see newspaper
men only on two occasions. In addi-
ton, it is apparent that Mr.. Hughes
feels under some restriction. due to
his position as chairman of the inter
national gathering, which probably
would not apply Il he were only head
of the American delegation. The
effect 10 to make him less willing to
discuss in detail the American point
Of view.
aflent On China.
Thus, in regard to the Chinese
decIara don OF principles. for example,
the views of Japan, Great Britain and
all the other interested powers have
been pretty clearly defined to the
world through the medium of the
press. But Mr.. Hughes has been al
together silent, his advisers saying
he felt 1t inadvisible to reveal what
may be passing through the minds of
the American delegation, taking the
position that the traditional Amer
lean attitude toward China is well
with the head of the delegation
taking that attitude, others Of the
American representatives who favor
taking the public into their conf
denes do not feel free to speak even
for themselves.
Sc the American policies seem like
" to remain under cover - the nego-
Ha&ions proceed, sIcept when ciroum.
stances lead 10 . showdown In public
sessions Of the copfsrsncA
Evening star., 1921-11-18
BRAND JOINS RED CROSS.
Premier of France Enrolled by
ID. C. Chapter.

In addition to being premier of
France, Aristide BRAND is now a
member of the District of Columbia
Chapter of the American Red Cross,
He was enrolled at the New Willard
yesterday by Nine. Lydia Lipkowska,
prima donna of the Merry Widow
Company, now playing at the Ma
tional.
Accompanied by Mrs. Charles V.
Wheeler of the District Motor Corps,
the former protege of the cZarina left
her hotel. the Washington, and met
the premier as he started to enter the
willard. The premier was at first
nonplussed, but when the diva had
spoken a few words of French to him,
announcing her mission. he not only
graciously submitted to her pinning a
Red Cross button on him, but gladly
posed for photograph with her.
Il am only too glad to join such a
splendid organization" he said with a
smile.
Evening star., 1921-11-18

the American proposal for the limita-
ton of naval armament should be ac-
cepted without the notifications
which 1t is now known the japanese
the Japanese newspaper men was
called for last night to draw up this
round robin.
The move came to the ears of Baron
Kato. Word went forth to the Japa-
nese newspaper men to meet him at
his headquarters. When they arrived.
it Is understood. Baron kato told
them in terms quito explicit that the
Japanese government and not the
Japanese newspaper men would deal
with the question Of limitation OF
armament. The mass meeting and
round robin did not materialize.
No delegation can show a higher
average as to the quality Of its Eng
lish than the Portuguese. There are
but three men representing this coun-
try and all are masters of the Eng
lish tongue to a degree that Is a
real surprise. So facile are vicomte te
date and Capt. Vasconcellos. the
delegates. and Mr.. Montalto. the sec
retary, general. that. if one member
has been talking to an American and
another member of the party finds 1t
to delegation matters, both 20 right
on talking in English. AS matter
Of fact The Star representative as
signed to this delegation doesn't know
yet what the Portuguese language
sounds like.
James D. Hall, field executive. of
the Boy Scouts of America. is the
commanding officer of the detail of
scouts on duty every day at the dele
cations and press headquarters in the
Army-Navy building.
Its not so long since he was boy
himself and the relations between
himself and the lads of his platoon
are most cordial ones. He not emily
superintends their activities. but acts
as pinch h-hitter when the scout bench
is empty. personally escorting visit
ors on long walks through the cor
ridors.
The press of Italy Is we'll repre-
zini, star special correspondent for
the Corriere dea Sera OF Milan. is
covering the doings for his paper.
which is the biggest in Italy. Carlo
Scarfoglio, the editor of La Nazione.
Florence. another great and impor-
tant daily. is personally on the JOB
for his publication. while Leonardo
Vitetti, possessed of great experience
in handling American and 1talo-
American news, is representing the
Idea Nazionale, issued in the capital
city, Rome. Finally. Senator Luigi
Albertini, one Of the four delegates, is
the editor and principal owner of the
Corriere della Sera of Milan. He,
however. Is here in diplomatic
rather than a journalistic capacity.
Evening star., 1921-11-18
By the Assseiated Press.

By the Associated Press.
While the armament conference is
waiting on committee and subcom-
mittee action, there is no difficulty
in getting glimpses behind the
scenes from the British, the Japanese,
the French. the Italians or the
Chinese, but it is net SO easy to dis
cover what the American viewpoint
may be on each specific question as
it arises
+ Practically every nation represent
ed here except the United States has
complete machinery for presenting
it's viewpoint to the Newspaper men,
who are the medium through which
the public in all lands gets it's con-
ception of what is in process here.
In the case of the foreign delega-
tions not only do the responsible
heads seek to make their views clear,
but their technical aides assist in
clearing up for the press the Ques-
ttons difficult for a layman to un-
derstand.
Mr.. Hughes IL SDskesmap.
From the American viewpoint. Soc
retary Hughes IL the only authorised
spokasman, In ordinary times, ss
head OF the ststs Department, NJ.
HuEhes sees the press tEics . day.
Uadsr the .t.ess et his esafeFeass
and ether duties, howeveF. he has
baAA abba. stncs the confeeenee be-
Evening star., 1921-11-18
NEWS REPORTED
IN ALL LANGUAGES
Native Dialects Employed by
Foreign Correspondents in
Cabling Home.

Perhaps readers of The Star have
been wondering how the vast amount
OF reading matter turned out by the
special newspaper correspondents
from foreign papers all over the
earth is sent out-whether 1t is
translated here before being put on
the cables or just what the procedure
is.
Nothing is translated. Foreign cor
respondents from Europe hand in
their stuff" to the telegraph desks,
written In French. Italian. Dutch OF
Portuguese. The operator sends it off
just as 1t Is. letter for letter anG
space for space. without understand
ing word of 1t. Probably this fact
makes him even moro careful than If
IL were IN language known to him.
No Trouble to Operator.
For an operator to know any Ian
guago except English and "teie-
sraphese' is unnecessary. The arti-
cles when received at the other end
OF the cable. therefore. are all ready
for the editor and the printer.
In the case Of the Japanese and
Chinese correspondents and repre-
sentatives of press associations the
case is basicahy the same, only the
process is more complicated. All these
men are able to transcribe themselves.
or have assistants able to transcribe
their written characters in the two
languages into an arbitrary phonetic
language which conveys the same
spoken sounds by means of English
letters.
HieroEIyphics Put i'm Shape.
A japanese newspaper man will
emerge from a conference or inter-
view with a sheet of notes written in
the queer hieroglyphics used in his
native land. He next sits down by a
youth with a typewriter and starts
in aloud in Japanese, reading down.
ward. The assistant puts the sounds
he hears into queer agglomerations
of English letters which mean abso-
1utely nothing to the occidental eye,
but which can be sent off, letter by
letter, by the telegraph-sending ma
chine. On the arrival of the article
in japan the process is reversed,
other experts re-embodying the words
into the odd characters used in the
newspapers of the mikados realm.
Evening star., 1921-11-18
SEES PLANE As FUTURE
SUPREME SEA WEAPON
Naval Architect Believes Battle
ship Will Become Mere
Auxiliary.

NEW YORK, November l8.-Varying
views as to the actual degree Of arma-
ment Limitation that would be brought
about by Secretary of State Hughes
program for naval holiday and the
scrapping Of battleships were de-
veloped by naval experts at the open
ing session of the convention Of the
Society of Naval Architects and En-
gineers here yesterday.
Mason S. Chace, naval architect, OF
Boston, presented a paper in which
he concluded that the airplane, rather
than the capital ship, would be the
supreme naval weapon OF the future
and that battleships would be rele-
gated to the position of "auxiliaries
Of the aeroplane carrier"
Rear Admiral w. L. Rodgers, U. S.
NJ, on the other hand. presented the
view that the battleship would con-
tinue the most potent embodiment
Of combat strength" and that air
craft and submarine would remain
mere auxiliary crafts.
Rear Admiral Washington L: Capps,
U. S. N, retired, predicted that the
Hughes program, if adopted, would
have a serious effect upon the ship
building industry of the country gem
orally.
Evening star., 1921-11-18
BRITISH AGAINST SUBMARINES &:
BUT. IN FAVOR OF ALRPLANES

proposal At the same time, the
speaker continued, the British naval
authorities are going into many plans
to cope with technical difficulties in
the proposal, but none as yet has
been offered as q solution. It was
pointed out that the difficulty of
abandoning all ship building for a
long period was that If the great
plants were not kept up the industry,
being highly specialized, would go
to pieces, machinery would become
useless, workmen would seek other
crafts and at the end of ten years, II
replacement was taken up, the cost
of reorganization would eat up all
the savings OF the holiday.
This is a problem that the British feel
must be thrashed out, but the PROPOSE
ton of building one or more ships In the
interim is one that they have not con-
sidered, according to the statement.
The American proposal was described
as the most far-reaching ever put be-
fore naval officials, and since it came
as a complete surprise to the British. 1t
would demand time to consider. The
British officials do not feel that 1t is
incumbent on the 'comNittee Of naval
oflicers Of the fye 'bowsr1 70 report pro-
cesdingS every day. but the group Of
adnatrals, Il was addad, 10 working
steadily; and aiready has made some
prsgresgs theugh The nature of hiA Was
not disclosed.
Evening star., 1921-11-18
FOUR BIG CRAFT
AFFECTED BY DECISION
CONTINUED from First Page)

nit her to dominate the situation
oriental waters should the issue III
China or else where in the far east be
brought at some future time to the
test of war. The fleet ratio Of Japan
involves this point, it is said.
Japan's desire for equal tonnage
with other powers in 4 purely de-
fensiye type of ship. it is said. much
would depend on what kind of a ship
it is she wishes to maintain under
this modification. Baron kato said
it vas not submarines That leaves
light rruiS-Ts and deStroyers, pre-
sumably- If il is light cruisers as
seems likely. probably an agreement
can lie reached quickly on this point
as 1t Is not material in estimates Of
nee; strength.
Destroyers also are included under
this heading of the American proposals. ls
however, and war experience gave IA
new value to destroyers which would
have to he considered by American en-
perts very carefully before they could
agnee that Japan's destroyer flotilla
equal that Of the United States OF Great
Britain.
In any case, there is some indication
that the technical experts have not as
yet got down to the second heading of
the American proposals, but are still
fighting out the battle of capital ships.
Particularly, Japans ratio in such tom
mage.
American officials. commenting on
the decision, emphasized that Great
Britain would suffer less from stop
page of work on the super-Hoods
than the United States would If q.
similar order were issued relating to
its 1916 building program. 1t was
pointed out that the super-Hoods
virtually were in the paper" stage,
while soma of the new American ships
We're nearly cnmniSt ed
Congressional leaders declared to-
day there was little prospect of any
action in either Senate or House on
resolutions designed to stop the 1916
program until the results of the con-
ference are seen. 1t was pointed out
that under authority of an amendment
to the 1915 naval appropriation bill
the President, in event of interna-
tional agreement, has authority to
stop the present building proera1
without further authorization frcA
Congress.
Evening star., 1921-11-18
STEEL MEN FAVOR
HOLIDAY IN NAVY
Industry Built Up on Pur'
suits of Peace, Not War,
Iron Age Asserts.

The steel required for years ma
val program, in terms of tonnage, Is
less than / per cent Of the entire
output of the American steel indus
try. according to statistics compiled
by the Iron Age. The proposals by
the United States for a naval building
holiday, therefore. would have COM
paratively little effect upon the steel
industry of the country, it is pointed
out.
Careful computation shows that
the thirty ships which the United
States would scrap under the Hughes
program required for their construc-
ton 5S2.7oS net tons of steel of all
descriptions, including armor plate,
says the Iron Age.
Percentage Very Small.
THE finished steel output of the
country in 1920 was 32,34I.S60 gross
tons. Thus all the steel represented
in the thirty vessels that are to be
cut off is but SO per cent of the
country's production last year.
ITO build these thirty Warshlps
would be a matter of seven or eight
years, if all the eight yards in the
country capable of building such YES
sells were to concentrate upon the
work. In other words. the steel re-
quired for years naval program. IN
terms of tonnage, is only fraction
of ! per cent of the output OF Ameri-
can steel works. The three companies
owning armor plate plants have a
combined annual capacity or 3S.ooo
gross tons, which, with the govern
pacity, 5000 tons. give total ca
pacity in armor plate of 41,OO0 tons
per year. No such amount of armor
plate has ever been produced in
single year. The largest proposal
ever made by the government at one
quirements of four battleships and
four battle cruisers which would
probably be three years in building.
These figures are cited, not minimize
the contribution Of naval construction
to the steel industry. Plant require
ments are not inoons!derab.e and many
thousands of men are given work in the
shops of the steel and shipbuiiding COM
panies which contract to do naval work.
But the statement of the actual facts
concerning the contribution made to the
steel industry by the governments ma
val programs serves to put in their true
light the reckless assertions as to
the steel trades interest in continuing
naval programs on the present scale.
Industry Built ON Peace.
''The governments outlay for the
Charleston armor plate plant was pro-
bably $le.oO6,o6o to $11.000,000. The
existing private plants, built on a much
lower scale Of values, therefore repre-
sent but a small percentage of their
total capital.
THE American steel industry has been
built up on the pursuits of peace. Its
prosperity is a prosperity of peace. Its
leaders have declared themselves as
vhole-heartedly in favor of President
Hardings plans for the Limitation of
armament. relieving the American people
of the fearful wastes and burdens of
war expenditures. Viewed purely from
the standpoint of self interest and the
largest expansion OF their industry, they
recognize that the constructive forces
that will be released by the American
proposals will mean far more in the end
to steel works, capital and labor than all
that has ever come to them from the
budgets of war