davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-01-11
OPTIMISM SHOWN
WITH ACTIVE TONE
ON STOCK MARKET
Many Gains Give Notice
OF Changed Feeling
On Street.
STERLINGADVANCED
Over Million Shares Figure in
Deals Put Through
During Day.

NEW YORK. Jan. 1o-StreuEth.
activity and optimism characterized
the market TODAY. The volume eE-
ceeded largely 1000, 900 shares and
the large number Of gains gave an
impression OF the changed feeling
throughout the street. Advances
were so general that il would be
futile to attempt to particularize.
The most marked returns were in
Crucible Steel where the shorts were
badly punished. L. S. Rubber. where
much the same thing happened, and
Mexican Petroleum.
The influences which were most
prominent consisted Of the sharp
rise in sterling 70 S3.74 with the
rackinE their brains for a fresh OK
PLANTATION, the easing in the tone for
both call and time money. with the
rate for the former dropping 10 &
per cent. and the resistance which
the market displayed in the face %
the big drop in untitled steel orders
The announcement Of the decrease
OF $4,000 tons produced no pressure
and rush to cover embraced most or
the active groups including steels.
oils, motors and equipments.
Atlantic Gulf made another new
level today but this appeared TO be
about the only dissEreesble incident
OF the session. Much Of the strength
was sscribed to short covering but
this is usually the case when the
doubling Thomases pay the penalty
for their skeptiCism as well as their
commitments on the short side Of A
market that previously has felt the
maXimnm pressure from almost ev-
cry variety Of adverse influence.
Call money was in ample supply.
and several millions were unlosned
at the close Of s per cent
The Washington herald., 1921-01-11
BALTIMORE LIVESTOCK
WEEKLY SUMMARY

BALTIMORE, Jan. 1O.-Cattle re-
Ceipts for the week ending at noon
today were 3.SS2. against 4.O57 last
week. Receipts. Isl carloads for
market for the week; 73 carloads
for market Saturday and Monday.
Steers dull and SO cents lower.
Bulls and cows a shade easier.
steers, choice. $9a1O; good butcher,
S7aS.5O; medium. S5.5Oa6.5O; com
mon, S4a5. Heifers, choice, $7.5OaS;
fair to good, sea-; common to me-
dunn. S3.5Oa5. Bulls, choice, S7.a7.5O;
fair to good. $5.5Oa6.5O: common to
medium. $3a5. Cows. S650a7.5O;
fair to good, $5a6; common to me-
S7a13.75.
Sheep and lambs-Receipts for
the week ended noon today were
1859 against 3.443 last week. Light
supply; market opened higher,
closed lower. Sheep, S2a5.75; lambs,
$7al3.755.
Hogs-Receipts for the week
ended noon today were 20,24s,
against 1926 last week. Fair sup
ply; market lower. Lights, $11.15;
mediums. S11; heavy, S10.75. Pigs,
s11.15, roughs S7.5OaS.40.
The Washington herald., 1921-01-11
Statement for Last Week
Shows an improvement

NEW YORK. Jan. 1O.-The Con-
solidated Bank statement for last
week was commented on very
favorably. probably with more en-
thUsiasm than was really justified.
After a year of "defation" total
bills on hand are s2842,1OO, 900, a
decrease of some s132.OOO.OOO from
the previous week, but more than
S2OO,OOO,OOO greater than year
ago.
Circulation. which decreased $74,-
100000 last week. stands at $3,27O,-
O23,0OO as compared with $2,914,-
36S,0OO last year.
The combined reserve ratio is a
full point higher at 46.4 per cent,
but banArs insist that while rela-
lively favorable as compared with
recent statements, the present show
ing is far from satisfactory in it's
broader aspects. More credit is tied
up in unliquidated goods than a
year ago and circulation has not
been brought back within bounds.
The Washington herald., 1921-01-11
PHILADELPHIA PRODUCE.

PHILADELPHIA, Jan. 1O.-Butter-
Quiet and &c lower. The quotations:
SoIid-packed creamery, fancy, high
,roring goods. 56d5s; extras. 55c;
extra firsts 53a54c; irsts, 43a5Oc;
sacOnds. 35a41C; sweet creamery,
choice to fancy. 57a59C; fair to good,
46a56c; prints jObbing at 64a66c for
fancy and 51a63c for fair to choice.
Eggs-Fine fresh eggs advanced
&c Quotations: Nearby frsts 68is
assILc per doz.; nearby current re-
ceipts. size: Western, extra firsts.
sgiLa69Lc: do. firsts. Sc sa67l4C; in
Terior lots lower, southern. 66a67c;
ancy. candIed eggs jobbing at S1a
81: fair to good, 73aSOc.
cheese = Firmly held. New
York whole fats, fancy. held,
s-Iaa2SIac: do. fair to good. held.
25a2Tc: do. fancy, fresh, 24a24 &c;
do common to fair, fresh, 21a23c;
Hge-horns. held. &c: dO,-fresh 261Ea
a7lsc: single. Daisies. held, 26a27c;
do. fresh. 25a26c; jobbing sales OF
fancy held goods, 3Oa31c.
Live Poultry - Fowls. fancy,
Weighing ) lbs and over apiece. 36a
aSc: medium, 33a35c: small and in
ferIor. 3Oa32c; White LeghOrn fowls,
2Sa3Oc: spring chickens. fancy roast
ing stock. weighing 4 lbs and over
apiece, 33a35c; ordinary, 30a32c;
white Leghorns, 27a2sc; old roost-
srs. 23a25c; turkeys, fancy. 45a5Oc;
do. ordinary. 35a4Oc; ducks. choice,
s4a36c: do. Muscovy. 24a26c; geese,
2sa32c: pigeons, per pair. 45a5Oc;
guineas. young. per pair, weighing
IL lbs and over apiece, 75aS0c;
smaller sizes. 65a7Oc; guineas, old
per pair. 65a75c.
Dressed pOultry-Turkeys, fancy,
Virginia and West Virginia-5 5Sa60
western. dry packed, 56a5Sc; old
toms. soc; fair to good, 40a45c;
fowls in boxes. fresh killed. 4ha5
lbs and over apiece. 3Sc;.weighing 4
lbs. 37c; weighing 31a lbs, 32a33c;
weighing 3 lbs, 26a2sc; fowls. fresh
killed. in bbls, dry picked, weigh
ing 4a5 lbs apiece, SIC: weighing
3lL lbs, 2sa3ic; weighing 3 lbs and
under. 25a27c; roasting chickens,
western, dry packed. in boxes.
Weighing 4za5 lbs and over apiece.
s7a3sc; do. weighing 4 lbs, 35a36c;
do. weighing 3R lbs, 31a3zc; do,
in bbls, weighing 4a5 lbs and over
apiece, 34a3Sc; weighing 3h lbs
apiece, 2ss31c; fryers. western,
weighing lbs apiece. 2sa27c; broil-
ers, western, dry hacked. weigh
ng III lbs apiece, 43a45c.
The Washington herald., 1921-01-11
BALTIMORE GRAIN.

BALTIMORE. Jan. 1O.-Butter-
Creamery, fancy. lb.. 55a46c; choice,
53a54c; good. 51a52c; prints. 55a56c;
blocks. 56a5Sc; nearby creamery, 46a
4Sc; ladle. 34a35c; Maryland and
Pennsylvania rolls, 23a24c; Ohio
rolls, 22a23c; West Virginia rolls.
21a22c; Maryland Virginia and Penn
sylvania dairy prints, 2Sa3Oc; store
packed, 17a1Sc; process butter,
4Oa42c.
Eggs-The following quotations
are for first-hand transactions, job
bing prices higher: Maryland, Penn
sylvania and nearby firsts, CSC;
Western firsts, Csc; West Virginia
firsts, 65c; Southern firsts, sc.
Live poultry-We quote as fol-
lows: Chickens, old hens, lbs and
over, 34a35c; small to medium, 3Oa
32c; white Leghorns, 31a32c; old
rOosters, 22c; young. large, 34a25c;
young to medium, 34a35c; white
Leghorns, 32a33c; rough, poor, thin,
soc. Ducks, young Pekins, 3 lbs and
over. 54a35c: puddle, SAC; Muscovy
32c; smaller, 30. Geese. nearby, fat,
32a33c; Western, 30a31c; Kent Island
35c; all sections, poor and thin, CSC
Pigeons, young, pair, 35a40c; old, IS
a4Oc. Guinea fowl, young. y lbs
and over, each 40c; smaller, 4Oc;
old, 3Oc. Turkeys, choice. hens, 50
a53c; young gobblers, 45a50c; old
toms, 45c; poor and crooked breast
4Oc.
Dressed PouItry-we quote lh
trcalded, undrawn, head and feet
Sn): Turkeys. young, choice to fancy
54a55c; fair to good. 5Oa52c; old
toms, 47c; poorly dressed and thin,
40a45c. Chickens, choice, young, 35
a36c; old and mixed. 34a35c; old
roosters, 24c. Ducks, choice to
fency, 32a33c. Geese. choice to
fancy, nearby, 34aS6c; Western and
Southern, 2Sa32c,
The Washington herald., 1921-01-11
STEEL TRADE RECEIVES
r. INCREASE IN INQUIRIES
Readjustment in Business Proceeds More
=. <.. Rapidly Than Expected.

Special to the Business Section Of Wash.
inston Hersh).
PITTSBURGH, Jan. l0.-The hrst
week of the new year did not bring
many changes in the iron and steel
trade, but such as they were are
in the nature of betterments. Some
Improvement in inquiry was noticed
by sales offices. There was a re-
sumption aftet the holiday period
on the part of many Of the plants,
largely those of Independent COM
panies Steel men expect a larger
volume Of work to be placed as the
month progresses, with a gradual
increase until spring, when the
movement is expected to attain a
greater headway.. Steel men say
that the general readjustment in
business is proceeding more rapidly
than was expected.
AS to wage reductions, a few
have been made at Cleveland. Buff
faIo, Johnstown, Youngstown and
Wheeling. The reductions average
about 20 per cent. Overtime pay
ments have been discontinued. The
Steel Corporation is expected to
steel demand is on the upturn and
| living costs have declined further.
The policy among merchant fur
nacemen continues to be to blow
out as soon as orders are filled. as
no stocks are being accumulated
| Fully half the merchant furnaces
| in western Pennsylvania, eastern
Ohio and along the Lake Erie front
are out of blast. Some contracting &
of coke has been made on ratios. the
general basis being a five>to-one
ratio against basic pig iron at val
| ley furnaces.
On the theory Of lower prices OF
pig iron because of the reduction
in coke prices. basic iron has been
cut So by some merchant furnaces
to $50; Bessemer to $32, while foun-
dry is about $33 per ton. The cut
in the independent prices of bars
and other products OF billets has
The Washington herald., 1921-01-11

not stimulated demand. Almost no
interest at all Is apparent in slabs.
Some improvement is reported in
demand for merchant steel bars on
the part OF agricultural implement
makers.
During the week most OF the tube
companies reduced prices to the Steel
Corporation level. The reduction
was on an average OF 81 per ton.
Jobbers made a reduction OF SO.
eliminating the charge made for eN-
ira cost Of track hauling. There
continues to be a fairly good de-
mand for oil country pipe. One
company made a sale OF eight miles
of ten-inch line pipe and OF ten
miles of eight-inch pipe for early
1921 shipmentto California.
A few lots Of plates have been sold
and there are other inquiries. in
Cluding 1900 tons for the Louisville
and Nashville Railroad and 1000 for
the Pennsylvania. An oil company
wants 5000 tons for tanks. Init
nations are that large car orders
will come shortly. An inquiry Of a
Duluth shipbuilder for 1900 tons OF
plates. shapes and bars is pending
Revival OF structural inquiry has
been growing. For the KeeIer Hotel
in Albany 2.40O tons are pending and
$500 tons for the Piscataqua River
bridge. The Riter-Conley Company
VIII supply four tanks for the Stan
| dard Oil Company at Baton Rouge
taking 1.4OO tons Of steel work. Bids
| are being prepared for the Federal
Reserve Bank Building OF Cleveland
which will require 1000 to 5000
tons.
The American Sheet and Tin Plate
Company. which opened its erder
books in December. is booking more
| than double as much tonnage as il
| is shipping. More than 95 per cent
| OF the COmpany's sheet mills have
| been in operation. Independent
/ sheet mills are doing little. Demand
! for tin plate is slow. hut 1900
] boxes are involved in new exporr
/ inquiry. Nails are in fair demand
/ but other wire forms are slow.
The Washington herald., 1921-01-11
CANADA PREDICTS
PROSPEROUS ERA
FOR NEAR FUTURE
Prices of Many COmmod-
tiles Have Reached Low,
Says Bankers Head.
IDLENESS SLUMPS
Advisory Board of Financiers
Named to Recommend Invest
ments to Americans.

OTTAWA, Ont, Jan. 1O-COnfi-
denCe is the dominant note of Can
adam business as it proceeds in the
new year There is an absence Of
anything akin to boasttulness, but
there is a conviction that no real
cause for alarm exists. The sue
cess with WHICH the difficulties OF
the war were encountered, COM
Dined with successful weathering of
the debating stage, has given the
impression that no situation is likely
10 present itself which cannot be
handled.
Confidence is stronger because
1920 was a very good business year.
bank clearings having been approx
mately s3OOO,OOO,OOO greater than
in 1919. Commercial houses bega n
in October to feel the effect Of the
depression, but the unexpected mar
ketinS of so large a portion of the
wheat crop produced a surprising
recovery.
What some leading bankers say
about prospects for 1921:
L. r. BOgert. president Canadian
Bankers Associations: We are still
passing through the period of COM
mcrClal readjUstment and many
striking changes in balance sheets
have yet to be made. 1t is probable
that prices for many commodities
having reached their lowest level. an
Improvement may be expected with
n few months, and by the end of
q n
be in sight"
Sir Frederick williams Taylor.
general manager Bank of Montreal:
There is no reason for dismay over
our national outlook. but there is
every reason for sober thought
while We take stock Of our re-
sources and of our prospects"
+ l. Pease, managing director
Royal Bank: The readjustment has
proceeded quietly without serious
disturbance and we do not look for
any as Canada at bottom is funda-
mentally sound"
D. c. Macarow. general manager
Merchants Bank of Canada: We
can look with confidence beyond the
admitted difficulties of the present
70 future Of abounding pros
perity."
W + MlIler- secretary " lnnlpeS
BOARD Of Trade: Western Can
aGa's prospects were never as bright
as now The West is confronted
with the certainty of a big flow
Of immigration this year. Reports
show trade and industry on the up
grade. There have been no big
failures"
4. O. Dawon. president Canadian
CUttons. Ltd: NO country in the
world has more reason to feel Op-
timistic than Canada
Sir Henry DraytOn. minister Of
finance: Canada has great po-
r1ntiaI resources. Difficulties, 6nan-
cial and commercial, undoubtedly ex-
f<t. but they are small in cOmpari-
son with the dificulties already
overcome"
The minister Of labor saws there
is not as much unemployment in
the country at present as there was
before the war.
Indications are that 1921 will be
another big year in American in
vestments.
The National City Company. of
Wv York. has announced the per-
,gOnnel of Canadian advisory
hoard which includes Lord Shaugh-
messy. Sir LOmer GoUin. Sir John
Arid and Sir August Nanton. who
will recommend investments to
Americans.
The Washington herald., 1921-01-11

Who has been termed the foremost authority higher
arcy in the United States.
Mr. Beck auditor OF the City OF Baltimore and
Of the United Chamber Commerce He
the Steward School OF Higher Accounancy OF the Steward Bu
College, OF Washington of the largest accountancy
the East He member of the American Institute
OF the National Association of Cost Accountants and
Michigan OF Public Accountants Mr.. Beck
helped perectng the modern system acCounancy which
been Institute OF Accountancy
Known throughout the State OF Michigan
accounanc appointed auditor OF of the
Chamber Commerce where he still serving
When trouble auditors office in Baltimore he
auditor OF accouhs
The Washington herald., 1921-01-11
COTTONSEED OIL.

NEW YORK. Jan. Io.-The cotton
seed oil market was easy today
Spot, S.7OaS.95c; crude CSoutheast),
,6.25 bid. Futures: January. S6Oa
$50: February. s.5OaS.sO: March,
S.7Oa $50; April S.75aS.ss: May
s15a9.25; June. 9.15as3S: July. s4ss
$50; August, s.5Oa9.65.
The Washington herald., 1921-01-11
Blue Monday Prevails
Despite BuOyant Tone

NEW YORK, Jan. 1O.-Despite the
buOyancy of the stock market to-
day it was Blue Monday" senti-
mentally among bankers. One of
them expressed simself:
The Lockwood investigation made
labor restless. The testimony of
President Eugene Grace, of the
Bethlehem Steel Company, did not
do the stee industry a bit of good.
Now comes the l. c. c. with hear
ings on equipment repairs. ANY
one of these may prove extremely
uRsettling in the handling of read
justment problems"
The Washington herald., 1921-01-11
FINANCIAL STATEMENTS. FINANCIAL STATEMENTS
REPORT OF THE CONDITION
OF THE
Second National Bank

In the District Of Columbia Of Busine.. o,
December -,
The Washington herald., 1921-01-11

Special to the Business Section Of wash
p inston Hersld).
The Washington herald., 1921-01-11
WHEAT AND FLOUR PRICES
UNDERGO SHARP CHANGES
Control by the Food Administration Resulted
in Smaller Margin Between
Wheat and Flour.

accompanying chart exhibits the relation between the
farm price of wheat and Minneapolis mill door of flour
the last four years price flour quoted dollars barrel
four and onchalf bushels
average required make barrel OF flour The black
the dena between the OF wheat and the
value Of the manufactured prpeduct
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-09-09

down to twenty cents with plenty Of ap-
plications.
Benton Harbor will not reach that
basis for some time, but labor must look
for a general reduction from time to time,
IL industry succeeds In keeping its wheels
turning. 1t is up to every man to give
an honest days work II we are to sue
coed in pulling through until spring
without a setback"
At the county fair in Ionia officials
claim there were $500 automobiles parked
on one day Of the week. And there were
some 10000 visitors at the fair that day.
These officials agreed 1T couldn't be
done" if business conditions in general
had not been improving.
The Hugh Lyons Company, Lansing,
is operating at 100 per cent capacity
THE demand for window and showcase
fixtures is keeping up to very good"
said an official.
PARTS MAKER
GETS ORDERS.
The Ireland & Matthews Manufacturing
Company, Detroit, which makes automo-
bile parts. plumbers supplies. stove trim
mings. nuts, bolts, etc, reports increased
activities among it's customers
Wyandotte. near Detroit, secured a
truck and a body making plant recently.
and is reported to be negotiating with
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-09-09
Special to Indiana Daily Times
and PHILADELPHIA Public Ledger.

BY FREDERIC WILLIAM VILE.
WASHINGTON, Sept. s.-Remarkable
and authenticated stories have just
reached Washington, telling Of plans Of
high Japanese army officers to promote
Japanese expansion on the main land of
Asia by Lecoming bandit chifetains. Their
avowed purpose, according to their own
statements, is to carry on a more ag-
gressive continental" policy on behalf
Of Japan, l. e., in China-than the Japa-
nese government is ready to promote and
sponsor.
The information which has come to the
United States sets forth that in the early
days of last month Lieut.. Col. Iichi In
ouye, a member Of one of the most arts
tocratic militarist and diplomatic families
in Japan, applied to be placed on the
retired list of the army. His declared OBJ
ject was to assume the leadership of
band OF modunted bandits in Manchuria.
He caused it be known that he was to
be supported in his romantic enterprise
by a number of younger Japanese Off
GERS. After being retired, Colonel In
ouye paid his respects to General Yaman-
ashi, the Minister of War. and General
Uohara, chief of the general staff, and
then left Toxic for the mainland. He is
understood to have leen accompanied by
a member of the Japanese parliament
named Eitaro OLashi, and two other
friends.
The Inouye bandit" scheme, its in
stigators allowed their friends in Japa-
nese official life TO understand, is con-
ceived frankly as a free lancing enter
prise designed TO advance Japanese in
terests on the continental mainland, as
the Nipponese militarists conceive them
1t is notorious that the Japanese army
contains a considerable element, especial
IL among the young officers, who thinks
the Toxic government. policy lacks the
proper aggressiveness in and toward
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-09-09
Japanese Officers Quit
Commissions to Become
Bandits; Aim to Expand

China and other Asiatic countries. Dis-
satisfaction on that score is driving
many youthful Hotspurs Of commissioned
rank into Jameson raid" enterprises.
such as that now projected by Colonel
Inouye. The latter is an eminent SOL
der. He commanded a detachment OF
Japanese troops sent to the Chinese
Korean border last fall to carry out
stern punitive measures In retaliation for
the massacre of Japanese subjects In the
Chien-Tao district. Colonel Inouye Is
said to have ma de the acquaintance OF
famous bandit leader on that occasion
and to have become so enamored OF the
possibilities of exceptional service for
Japan by the practice of banditry that
he decided to leave the army and be-
come free lance. The Toxic newspaper
Nichi Tichi which was the first to re-
veal Colonel Inouye's plans, states that
he was to have an interview with Gen
eral Oba, comma rding the Japanese gar
rison before entering upon his career as
bandit chief The impression would
seem thus to be created that the japanese
militarists are psssively favorable to the
Colonels amazing scheme.
In the same connection 1t Is stated the
military cadets training school recently
launched an organization called the Con
| tinentaI Society" which has the support
| OF several \ no
society was suppressed by the govern
ment. There was another futile attempt
of the same sore, instigated by a Major
Katsuji Yasui, who undertook to be-
come manager of sugar factory In the
Philippines, the employees of which were
/ all to be Japanese ex-service men Major
Yasui openly advertised for employees"
and many noncommissioned officers Of
fered their services, much to the chagrin
| Of the war office, which Is suffering from
a shortage of noncommmissicned men.
| The army authorities are said promptly
| to have checkmated Major Yasui's Phil
| ippine nterprise.-Copyright, 1921, by
/ Public Ledger Co.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-09-09
AUTO TRADE IN
STEADY GAIN,
REPORTS SHOW
Large Plants Have Increased
Sales During Month of
August.
FALL OUTLOOK IS GOOD

DETROIT, Sept. 9.-Some Of the more
important automobile manufacturing
plants IN this State are steadily increas-
ing their activities, while others are still
awaiting the opportunity to do so.
When the industry Is taken as a whole
there is no doubt there is an improve
ment, which, in a number Of cases, is
very material.
Take, for instance, the Packard Motor
Car Company. Official data shows dur
ing the first half of August its truck
sales gained 50 per cent over those for
the first half Of July.
That Is decidedly a good indication as
10 business picking up because the truck
purchasers would not be spending money
now were it not that their business has
been and continues to be better.
DEALERS REPORT
BETTER BUSINESS.
Passenger car sales of the company
show an increase of rs per cent over
July, first half, on one model and 60
per cent increase on the other model or
a total general average of nearly 66 per
cent on all Packard sales.
Production of one of the two passenger
car models was one month behind ten
days ago. Generally speaking, the S25
Packard dealers and distributors in the
country all reported better business for
the first half of the month.
In Pontiac, the production at the Oak
land Motorcar Company and at the Gen
eral Motors Truck Company has been in
creasing and sales are reported to be
much better.
The Oakland is planning TO make about
IF of models
within a short time. The truck com
pany is averaging fifteen to twenty
trucks a day now.
From Lansing comes the report that
by the end of September the Odds Motor
Works expect to be operating at so per
cent of capacity. At present the basis
is 60 per cent Of capacity.
MANUFACTURERS
MECH Buster.
Business with the Motor Wheel Cor
poration, also Larsing. could hardly be
much better, SAID an official. for the rea-
son that the operations are at about 80
per cent of capacity.
"An things considered" he said, "a
good many manufacturing concerns are
much nearer normal now than they ex-
pected 20 be. The average man thinks
a little too much Of the peak days of
the last year, but if he were to think
more OF the conditions which prevailed
during the non reak but more normal
days, he would realize that the industry
is in a very fair position and that the
comeback has been a very satisfactory
one
The labor situation in Detroit for the
week ended Aug %, is another fgood
barometer that business here is in
very satisfactory stage. The Employ
ers' Association Of Detroit reports that
1858 men were added to the forces of