davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-08-30
COFFEE MARKET.

NEW YORK, Aug. 29.-After an
irregular but generally firm open
ing. coffee prices rose to higher
levels. showing gains of 13 81
points early in the afternoon. On
the call single lot of September
was secured at ono point decline,
but this seemed to exhaust the offer
ings. Firm cables checked selling
and caused distant deliveries to open
at advances of points.
The regular cable quoted Santos
25 reis higher. Rio Unchanged to
90 reis higher, exchange on London
1-32 d. higher at IA d, and the
dollar rate unchanged.
For fairly long interval after
the call the market was neglected.
This was terminated by the receipt
of a special cable showing Rio un-
changed to $50 reis higher. Demand
for September showed marked i'm
provement. but IL was necessary to
advance the bid IL points before
contracts were secured. Other de-
liveries quickly followed suit.
Private cables were also firm,
Santos 3s As being offered at 1850
and and As at 1890 a 1910 c.
Late last week the latter were Of
fered at 10 a 1925 C.
Spot markets are quiet but slight
ly firmer Rio being quoted at 6 rs
z c. Victorias at 6 SIS a 6 3-4 C,
and Santos As at 10 Ia IL C.
The Washington herald., 1921-08-30
CANADA'S APPLE
!: CROP IS LARGER
Present Indications Promise
Heavier Yield Than Last
Years Record.

TORONTO. Ont, Aug. 29.-The
Canadian apple crop promises to be
heavier than the large yield of last
year. Best reports. according to the
Department of Agriculture, come
from New Brunswick and Prince
Edward Island.
The harvest of Baldwins and
Kings in Nova Scotia will be larger
than that of any other variety in
Nova Scotia. Quebec anticipates a
crop larger than that of last year.
In the Niagara peninsula and the
fruit belt along the Grand Trunk
road in Ontario the yield Of Spies.
Baldwins, Mcintosh, and russets
viii be heavy. while that of Ben
Davis will be light. British Column
bias crop will be 10 per cent larger
than last year.
a fair crop of peaches is expected
ins British Columbia; a 35 per cent
crop in Ontario with Yellow St.
Johns heaviest and Elbertas and
Ctawfords light. Plums promise
wsll in Quebec with a 35 per cent
crop in Nova Scotia and a 90 per
cent crop in British Columbia. Pears
promise a fine yield in British
Columbia with prospects of so per
cent crops in Ontario and Nova
Scotia. Excellent crops Of berries
OF, al kinds are being gathered in
Brttish Columbia.
The Washington herald., 1921-08-30
BALTIMORE PRODUCE.

BALTIMORE, Aug. 29.-Butter-
Fancy creamery, 42a43c: choice, 4oa
i1c: good creamery. 3sa40c; cream
cry prints. 43a45c: blocks, 41a43c.
ladle. 30aS2c: Md. and Pennsylvania
rolls. 2sa30c; Ohio rolls 2Sa3oc: West
Virginia rolls. 2sa2oc: store packed,
26a21c; Maryland. West Virginia
and Pennsylvania dairy prints, 2sa
soc: process butter. 34a35c.
ESgs-WholesaIe dealers add IA
&c to following quotations for iob-
hing lots. Quotations arc loss on
MARYLAND and Pennsylvania and
nearby firsts. 37a3sc; Western firsts,
36a37c: West Virginia firsts, Ssc:
Southern flrsts. 35c
Live Poultry-Chickens. old hens
! pounds and over. per pound, asa
&c; small and medium. e5a26c:
White Leghorns, 24c: old roosters,
l5a16c: springers. 2 pounds and
over Soc; y to tx pounds. 2sa29c:
! to ~ pounds. 27s2Sc: white Leg.
horns. IL pounds and over. 24a2Sc:
smaller, 24a25c. Ducks. Muscovy
and mongrel, young. 22c; white
Pekin, young 2sa24c: puddle. young
22a23c. Pigeons old. pair. 25c,
young pair, Csc. Guinea fowl
young, IN pounds each, zoe.
The Washington herald., 1921-08-30
CHICAGO TRADERS
SEEK REFORM FOR
/. GRAIN EXCHANGES
Board of Trade to Ballot
To Eliminate "In-
IDENTITIES"
TO ANTICIPATE BILL
May Cooperate With Fed.
eral Government in Abol-
ishing This Feature.
Especial oorrespondenos Of Ths washington
Herald and New York Evening Post.)

Especial 0orrespondenoe Of The washineton
Herald and New York Evening Pest.)
CHICAGO, Aug. 29.--The Board Of
Trade is TO anticipate the Capper-
TIncher bill by eliminating trading
in 'indemnities." which years ayv
were known to the public as puts
and calls" For years they wepe
traded in under the latter name. but
were never legal in the State of IL
linois. the statute describing them as
Options" Nearly fifteen years ago
the law was changed legalizing "op-
tions" and which later cafhe to b
called 'fndemnities." At one time
they were known as bids and Of
fers" and ups and downs"
Trading in privileges or inaem-
mites is expected to cease October /.
In about two weeks the Board of
Trade members will ballot on the
proposition to eliminate this feature
of trading. Under the Capper-Tinch-
er bill privileges or indemnities are
taxed 20 cents a bushel, which is a
prohibitive rate, and there has been
an understanding between the ex-
change officials and the legislators
who objected to privilege trading
that they would be done away with.
For nearly fifty years they have
been traded in on the exchanges in
Chicago and in other markets which
have been developed in later years.
At one time they were tabooed in
Chicago, and the trade shifted to
Milwaukee and Minneapolis.
Business May Move to Canada.
Whether Winnipeg will take up
the business in privileges is not
known at present. but an effort will
probably be made to trade in them
there. The bill has passed both
Houses of Congress and has been
signed by the President. 1t be-
comes effective four months after il
is signed. 1t will not affect the
operations OF the exchanges to any
extent.
The Washington herald., 1921-08-30

NEW YORK. Aug. 20. - The
source of the stock market today
was very similar 20 that Of the
past few days. A generally firm
opening was followed by reaction
and then a rally started. with. q
slackening in the volume OF trad
ing. Many close observers of the
market do not look for the moder-
ate Improvement. which began the
middle Of last week, to last much
longer, as they claim IL was prema-
ture. One brokerage house in par
ticular. however, in its morning
letter shifted to the bull side, for
the first time since last June. al
though no very good reason was
given for the change in sentiment
Today's firmness, IL may be noted, rs
In line with an old theory that two
days Of advapcing or declining
prices are always followed by at
least one more day Of the same
trend. Many Of the specislties to-
The Washington herald., 1921-08-30
BOND TRADING
IS FEATURELESS
Unusually Heavy Selling of
Interborough Issues Is
Only Bright Spot.

NEW YORK. Aug. 2s.-Today's
bond market was dull and feature
less save for the extraordinarily
heavy selling of 1nterborouGh bonds
which were thrown upon the mar
ket as result of the weekend re-
ports that tho Interbo-o-'"h ~ id
Transit Company was preparing for
a recetvcrShtp. The reIundinE - per
cent bonds. which had closed on
Saturday at jik opened this morn
ing at IA points lower at 81 Bonds
were offered in large volume during
the early trading, and the price was
pushed doTn to 4SS4 before any
great sign of recovery was shown.
This price represented a net loss of
5S points from the previous close.
More hopeful reports on the Street
later in the day, with respect to the
IEterborough's future checked the
heavy unloading that had been un-
der way. and bv early afternoon the
SIS recovered TO 5Olx. Even at the
close. however. the supply exceeded
those in demand and a net loss of
about four points was sustained
Trading IN foreign government
bonds was again or a small scale.
and at prices only fractionRlly at
variance with those at the close on
Saturday. Most of these small
changes. however. represented in
creases. The Swiss SIS gained y OF
a point at 1863 the city of Zurich
gained Y of point at 100k. as did
the Norwegian SIS. The French 7i2s
lost and the SIS gained Il of a point.
The Mexican 5s opened at Il OF a
point higher then lost mart of that
advance. Our own government war
bonds were lead today in a fair vol
ume Of selling by the Victory ASS.
the Liberty fourth AIS and the Lib
erty second AIS. Most of the war
bonds sold from to . to s points
higher.
1t was only natural that the Inter
borough metropolitan 4i2s on the
big" market and the mterborough
Is due in september and selling on
the curb" market should have de-
cIined along with other INTERIOR
ough securities
The Washington herald., 1921-08-30
COTTON REACHES
HIGHER FIGURES
New Level on Present Upturn
Is Reached During
Active Session.

NTw YORK, Aug ?S.-During
one OF the most active sessions of
the cotton market in months. prices
ran into new high ground for the
present upward movement. and in
most options rose to the highest
levels reached during the life of
the respective contracts. The mar
ket later reacted on some heavy
market was steady and about NC
above Saturdays close
After some early realizing by
Wall Street and Liverpool interests
the market met increased demand
from the same sources. Selling
was chiefly of a hedging nature,
and all that was offered was easily
absorbed. New York houses bought
in Liverpool. where bears traded
most cautiously. In Manchester
cloths demand was fairly active.
Memphis paper placed the con-
dition of the coming cotton crop at
$50 per cent with an indicated
yield of 7,S91,O0O bales. A new
York cotton house made the condi- =
tion SO per cent of normal. and
placed the, indicated crop at 1925
600 bales. The average of the pri-
vate reports so far issued shows a
condition OF 51.9 per cent Of normal
with an indicated crop of about
100000 bales. Crop reports from
the Southwest continue sensational
ly bullish, especially in Texas.
In Alabama and Mississippi the
cotton this year was planted on the
hillsides. due to the inroads made
by the boil weevil last year, and
this cotton has been practically
cooked" by the sun beating down
upon the plants. II it rains now
the crop will be discolored and only
ntted for the manufacture of colored
denlms. In fact. in many parts of
the Southwest early indications
point to a very inferior grade of
cotton. and exporters have gone in
the market for the old crop, rather
than buy the inferior new cotton.
n large banking concern with
agencies throughout the Southwest
mas advices that the farmers are
selling their staple on 10 cent
basis in Is cents market, due
chiefly to the inferior grading of
the new cotton.
The Washington herald., 1921-08-30
IMPROVED TONE
TO CURB MARKET
Week Starts Well With Gain
In Volume of
, Trading.

NEW YORK, Aug. 2s.-The New
York curb market showed q marked
Improvement In volume OF business
with the beginning OF the new week,
a number of issues being in brisk
demand. and more animation was
shown in the various groups than
has been noted for some time past.
Commonwealth Finance shares con-
tinued prominent. the common stock
ranging from 62&4 to G.. This
stock early in the year sold as low
as l6. The preferred was traded in
at S0la a slight recession from the
high record of the year Of 81 made
on Saturday. Farrell Coal was also
in increased demand, making a gain
OF l point to ., and Southern Coal
and Iron reflected steady buying 3
moderate amount of business being
traded in from "a to 2. Glen Alden
Coal was in moderate supply and af-
ter a fractional advance OF sax
yielded to 32%. Sweets Company OF
America was steady. selling at 2k =,
and United Retail Candy also was
fairly well held with trading at 5L
Denver and Rio Grande issues made
new low records. the common stock
being Traded in ar so to 35 cents a
a share. British American Tobacco
eX-dividend sold at 1lE. Petroleum
stocks were generally steady. but
Arkansas Natural Gas after rallying
to S was again in supply and yielded
to ~. International Petroleum
shower fractional loss. selling at
sss. Producers and refiners continued
Influenced by the application to list
the stock on the exchange and
moved up to AZ. Standard Oil of
Indiana was steady, selling in the
forenoon at 67Ss
Mining stocks continued actively
traded in, but without special
change in market position. Boston
and Montana being one of the
strongest features. Goldfeld Flor
ence and National Tin were in good
demand.
The Washington herald., 1921-08-30
HIGHER PRICES
RULE In WHEAT
Buying By Professionals and
Seaboard Interests Brings
Broader Demand.

CHICAGO, Aug. 29.-Higher prices
prevailed in the wheat market, there
being a broader trade with some
buying attributed to local profess
sionals. and also to seaboard inter-
ests. The export demand was re-
ported as slow early, but this has
been claimed almost daily for sew
eral weeks. while after the close
large business would be reported as
closed. Seaboard bids were advanced
4 cent for No. hard winter f. i. c.,
Buffalo, to cents over September,
with local sellers asking Ga cents
over. and premiums on spot were II
al cent higher. at 3l3 "a cents over
the future. Country offerings are
not large. The Northwestern run
was heavy, the two markets having
1.414 cars, against $50 a week ago
and 666 cars last year. and prem
iIms at Minneapolis were 59l0
cents lower, but failed to have much
effect here. Japan was said to be
buying wheat freely at the Pacific
coast on every break. A private re-
port today estimated the total crop
for the country at 05,000. 900 BUSH
els, compared with $4,000, 900 busn-
els by the government in August,
but was generally regarded by the
trade as somewhat too low.
Corn and oats held within COM
paratively narrow limits. and held
close to Saturdays finish. Eastern
demand for cash ccrn was some
what less active, but premiums on
spot showed no change with No. l
and No. 2 yellow and white at IL q
IL cents over the September. Coun-
try offerings were fair, and a bid of
so cents net. track country loading
station. it was reported, would bring
out a lot of grain. Receipts of oats
were small and sold readily with
the basis u ga cent better. as COM
pared with the September No. 3
white. being 161k cents under the
future. Bulk of the trade in this
grain was in spreading between the
September and December at 33-3S
cents difference.
Provisions were rather dull, with
lard averaging higher. while ribs
were somewhat easier as the result
OF shipments of ribs from Milwau"
kee to Chicago after having been
moved out on January and May
contracts A big demand for ex-
port was reported for lard, with
sales from Missouri River points to
the Canadian northwest. Hogs were
106 IS cents higher. with bulk of
sales S7.65 q 1000. Receipts, $4,000.
and $4,000 are expected tomorrow.
Western run. 72.600 against $4,000
a week ago, and $4,000 last year.
Money steady. call 6, time 646A.
Exchange par.
The Washington herald., 1921-08-30
January to June, 1921
lin thousa nds.l
Totals. / ,o2s !, ,s12 1851 $50 : s7a !, 6.7

Ihese nSures were gathered from
l,42S firms in sixty-five principal in
dustrial centers. They are actual
payroll figures gathered by tele-
graph. Supplementary to the statis-
tics, reports on the employment sit
uation are gathered from 23I indus
trial centers and presented as COM
ment on the situation.
considering the six months as a
whole, the decrease in employment
has been steady since January. By
groups. however, the decline has not
been so constant. In the vehicles
group. which is principally automo-
biles, the trend Ahas been steadily
upward. The leather and textile in
dustries are also on the upgrade.
The chief decline is in the misceI-
laneous group and iron and steel.
The latter has declined steadily.
The rate OF decline was checked
somewhat about April /, but con-
tinued again at the same rate dur
ing May.
Measured by index numbers. with
January as 100. the situation by
months has been as follows: Feb
ruary 80, March 9S. April 81, Nav 81.
June "a. and July 90.
The report for July 81 showed
that the largest recent declines have
been in the iron and steel group
with the stone and food following
In this order. On the ether hand de-
cided increases are reported for au-
tomobiles. railroad repair, textiles
and leather. The whole decline
since January 1 has been 7.3 per
cent.
The principal centers of decreas-
ing employment during the last
month are Youngstown, Cleveland,
Pittsburgh, and Camden, N J, The
centers of greater activity were De-
troit. Lawrence, Milwaukee. Brock
ton and Buffalo. There are wide
spread gains in the building trades.
The railroad situation Is also i'm
proving.
The dull spots are tho metal
and metal products manufacturing
centers. From mine to retail store
these industries have felt the force
of depression.
Conditions in the Middle West are
better than in New England or
other Eastern regions. The large
movement OF wheat has been re-
Elected in better feeling in business
centers generally. There was plenty
of harvest labor and most OF the
unemployed were absorbed for a
time.
While the total Of unemployment
is still increasing, the renewed ac-
tivity in several basic lines gives
promise that the movement NAV be
checked and turned before fau. A
business revival after this summer
dullness could quickly absorb the
surplus labor now unemployed.
These figures on employment do
not reflect the true situation on un-
employment since there has been so
much shifting of men that a reduc-
tion in one line does not mean that
certain number of men are out of
work. since many Of them may have
returned to other former Jobs.
Many of the farm hands who left
the farms last year have returned.
good measure of unemployment
is the need as expressed to aid or
Fanizations. Thus far the call has
been confined to a few cities and
is not at all general. The lack of
such call is in some degree due to
larger savings that the men had. but
perhaps more to the fact that thew
have been doing part time work in
the place of the former whole time
job.
The Washington herald., 1921-08-30
METAL MARKET.

NEW YORK, Aug. ga further
advance of E1 So Is reported in Lon
don tin prices. with spot quoted at
f153 SIS. and futures at f155 SIS.
Sales 800 tons and $50 tons. Stand
ard copper is Is Cd higher at f67
lis Cd for spot and E6S los for flu
lures. Sales 200 tons and 1.100
tons. Electrolytic is unchanged at
f7O los. Spot lead and spelter are
unchanged at f23 Is Sd and f24 los
respectively.
The Washington herald., 1921-08-30

beginning in January fourteen
groups were used and are available
for the past six months. Tho table
below gives the entire. half-year's
record in condensed form:
Employment in Fourteen Groups Of
Industries.
The Washington herald., 1921-08-30
IN EMPLOYMENT
LEADING INDUSTRIES
Gains in Motors, Textiles and Leather
Industries More Than Offset by Decline
In Iron and Steel
cBy tn. washington Herald Eeo.om,.t.)

as in 1890, the total being 64.5 per
cent.
Employment In Eight Groups Of Industries.
January. 1920, and January, 1921.
The Washington herald., 1921-08-30
SUGAR MARKET.

NEW YORK. Aug. 29.-The sngar ma rset
rloSed unchanged to 8 points higher.
The Washington herald., 1921-08-30

Considerable pressure was ex-
erted on the motor shares at the
outset An unfavorable news item
was the announcemt mt of a further
cut in prices by the Oldsmobile
company. it Eeing the Hcc"rd rv'.rc-
tiOn Of this company for the year.
and is but another confirmation OF
the automobile price cutting war
predicted for the late summer and
fall.
The New York herald., 1921-10-30
TEACHERS HERE HONOR
NATIONAL PRESIDENT
500 Attend Luncheon for
Miss Williams.

Five hundred school teachers, princi-
pals and superintendents Of the metro
politan district attended luncheon yes
terday at the Hotel Commodore in honor
of Miss Charl o. Williams. president OF
I .e National Education Association
Miss Williams is superintendent OF
schools in Shelby county. Tennessee.
An address was made by Aiming S.
Prall. president of the Board Of Educa-
ton. He quoted Fire Chief Kenlon aa
having said that all the schools in the
city were fire traps, denied this was true,
and added that ''the political protagon-
lists OF tho present administration would
lead people to believe that the presen,
school system Of the city has been un-
derInined."
Other speakers were Ambrose Cort,
New York State director of the n. E. A.,
and Prof. George D. Strayer OF Colun-
bia. @ former president OF the associa-
ton. Miss Williams declared that New
York teachers were the most entausi-
astic OF any in the country. and atten-
tive to their work and to larger cduca-
tional needs.
The New York herald., 1921-10-30

talks and makes gestures Curran as
Mayor. with record for home rule ante
dating Hylanis. and with clear record
as an advocate OF five cent fare, can.
with the loyal cooperation OF his col
leagues. Lockwood and Gilroy. set re-
suits where Hylan has failed
Ono chapter undertakes to prove that
the policy OF the Hyian administration
always has been one OF obstruction or
destruction, never construction. His
promises are matched with his perform
ances Some of the sayings OF the
Mayor are quoted. the one whore he toid
the teachers IL they did not like their
neagre salary they could go and get
other Jobs" and another telling the de.
partment heads to excuse employees 10
attend to religious duties. but absence
occasioned thereby 10 be without pay.
A chapter on Invisible Government
Made Visible" recites the story OF how
the McManuses, Tanmany leaders. had
beon able to put across things in the
nresant administration. Other chapter
heads are: Mayor Hylan's Five Cent
Fare Myth" "Hylan's Homo Rules"
"somc facts about his police and traction
aids" showing how they come from
philadelphia. Delaware. Orange county,
Westchester. Colorado. Nassau county,
everywllere but New York.
The New York herald., 1921-10-30

produce. according 60 the figures o..
Comptroller Charles l.. Craig.
At the same time. II was learned that
the $1,000 600 increases In personal SER
vice appropriations over the tentative
budget--more than enough 20 wipe out
the excess--were thrown into the pro-
posed budget after delegation of labor
leaders had protested to the Hyian adj
ministration against any reduction under
the present year appropriations. i'ne
reduced figures in the tentative budget
we're based upon the fact that already
there has been q substantial general de-
crease In wages paid by employers other
than the city and the opinion OF the
boards examiners that the coming year
would see further drop. The labor ap-
preparations are based upon a rate OF
So day, while already general contrac-
tors. it is stated, are paying as low
as "a.
When the board met, Stewart Browne.
president of tho United Real Estate
Owners Association, presented the MEM
bers with copies of a new Supreme Court
order to show cause tomorrow morning
why a writ of mandamus should not
issue compelling the board to restore the
approximately IS, 1000 OF cuts made
in the appropriations for police, city en-
ployees and school teacher pension
funds.
Mr.. Browne got his court orders on the
table just a second ahead Of an order
The New York herald., 1921-10-30

from Mayor Hyisn to his policeman TO
keep Mr.. Browne out of the chamber.
He then retired and the services OF the
policeman were not needed.
The Comptroller explained that be-
cause of misleading statements eman-
ating from the rumor factory" the cut
in the appropriation for the Teachers
Retirement System. has been restored
and a corresponding reduction has been
set over on tax deficiency accounts to
be covered by transfers, which other
wise were intended TO so to the Teach
ers' Retirement System.
The budget total which WAS voted
upon yesterday. was $50. .doo, or ep-
proximately 100000 less than the fig
ure last submitted. To produce that re-
! duction. $4,000 was taken from the De-
partment of Street Cleaning, 100000
from supplies and unforeseen repairs
for public schools and the remainder
from miscellaneous sources.
The Comptroller said lie expected 70
be able to effect further reductions be-
! fore final vote is taken tomorrow
afternoon, at which time y mere major
ity will be sufficient to adopt the bud
get,