davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-07-27
US. Steel Earnings ,
Are 1897, ,OI6

NEW YORK, July 20.-Net
earnings OF the U. 8. Steel Cor
poration for the quartet ending
June 20 were announced today as
S21, ,s02,016.
The net earnings. exclusive of
Federal tax. for the preceding
quarter were S32,2s0, ,z:2. For the
second quarter Of 1870 the Agures
were s43,155.705.
The net earnings of the quarter
By months this year werei
April. s3.s53.s01, May, y7.473,-
500, June. &s,e36,0 ,020.
EARNINGS available for divi-
dends after deduction of taxes
and other charges were S3,0s7 .032,
equal after payment Of preferred
dividends TO IS cents n share on
the s50s, ,30:,500 common stock
against s1S,475.00S or &I.se ON
common stock In the preceding
quarter and $500 for the same
quarter of last year.
Regular quarterly dividends of
1K per cent on common and 1%
per cent on preferred stock were
declared. Vtt
The Washington herald., 1921-07-27
GOOD BUYING PUTS.
WHEAT PRICE UP
Unloading of Cars Is Improv.
ing, and Exporters Are
In Market.

CHICAGO, July 26.-The wheat
market has felt the effects of the
rofit-taking by yesterdays buyers
and of hedging sales early. The
good buying by seaboard houses on
the break have taken the offerings
and carried prices up nearly cents
from the low point. Omaha houses
were sellers on the rise. Crop news
from the Canadian Northwest was
more encouraging and the local ele-
ment was inclined to go slow. Ex-
port business at the seaboard with
Germany and Belgium buying and
maintenance of such premiums here
were strengthening, factors and
made for a stronger market follow
ing the breaks. Contract stocks
are 473,0OO bushels. an increase of
34l, 200 bushels last week. There
are 500 cars expected for today,
against l.225 cars yesterday. There
are 1900 cars of all grain on tracr
here. showing that the unloading Is
improving. Exporters were in the
market for wheat at the same basis
as of late.
Corn was largely a local market
with Armour houses good sellers
and buying scattered, yet prices
advanced moderately for futures,
and cash let's were relatively quar-
ter cent weaker as compared with
the July. Export sales were $780,
900 bushels and domestic 100000
bushels. Arrivals were $50 cars.
Contract stocks were reduced $751;
900 bushels last week to 4.7S4,OOO
bushels. Rains over parts OF the
belt will help a little. Oats had a
break and a rally, the latter on COW
ering. September lost l cent with
n fair rally. Contract stocks de-
creased $4,000 bushels last week
and are 1857 900 bushels. Receipts,
$50 cars. Provisions were stronger
with hogs, which sold up to $ll.25
Deliveries were 100000 pounds lard
Cash lard is wanted by exporters
but cash lard here is higher than in
Liverpool. Lighter arrivals are ex-
pected
The Washington herald., 1921-07-27

higherat the end OF the second quar-
Ter than at the beginning and for
TINS reason many observers pre-
olcted that the company would he
able TO show net earnings for the
quarter. In fguring out this sur
Plus they overlooked the fact that
inventories are carried at cost Or
market value which ever IL less
The rule Of accounting which re-
quires a company TO mark down
the value Of goods to market value
does not work both ways. Central
Leather started 1920 with a profit
and loss surplus OF s3o,5os 900 ana
ended the year with this item to-
falling only s4.757,eoo. At the ena
OF the March quarter the surplv,
was only s22s,ooo.
Attention was directed again to-
day to the quiet advance in Ameri-
can oil shares. II was reported yes
terday that there was good buying
In Cosden. Tesss Company and
California Petroleum. Today there
was an unmistakable demand for
cosden in large lots ranging IA
price all the way mp to 2sh. which
represented a net gain OF III points
on top of a gain of u yesterday
California Petroleum was being
bought at the same time. advancins
almost a point. Pacific OIL and
Texas Company did not take part
In this movement but remained
steady.
The big topic of the day was, OF
course. what the quarterly state
ment OF the u. &. Steel Corporation
would show. Estimates OF net earn
ines ranged all the way from sllo,-
100000 to sl3.ooo.ooo. very few OBJ
servers being willing to admit that
higher figure could be shown
They ignored. naturally. enough
the s14.3s7.o00 net Of January and
the s1o.157.o0o of February, pre-.
ferring to take the s7.741. 900 earned
In March as a foundation on which
to build This was done becsus,
March Appropriated the operating
conditions Of the June quartert
more nearly than the first two
months Of the current year.
The sum OF s6.353,oe0 Is required
to nav the regular common stocl
dividend for one quarter. but be,
fore this amount can be realized
must be deducted for dividends OF
the ipreferred. a sum which ran VI
to s5.1S0.0oo in the first quarter
must be used for interest and pre-
miums on the per cent sinking
fluid bonds and allowance must b,
made for depreciation and othei
sinking funds. This last NAMED
item is the unknown quantity
In the first quarter the com
pany set aside 31l.63o. 900 on thii
account The allowance for depre
citation can be as large or small a
the company sees fit to make IL.
All these figures combined do no
hold any hope that the common div
| idend was earned. Yet Wall Stree
was confident today that the direc
tors would declare the regular div
idend. Bethlehem Steel stock hold
ers are equally confident that theii
directors will vote for the regula'
payment when they meet tomorrow
The Washington herald., 1921-07-27
$3.50, ,S53,o25

losses by the same means. one
farm mutual company In Illinois
has been reported to have held the
cost Of its insurance to less than z
cents per 500 per year by means
of annual inspections since It was
first organized nifty years ago.
While this is a small company.
carrying about s10,o00.ooo on farm
property only, 1t provides an inter-
esting object lesson.
As listed above by the underwrit-
ers the losses known to have re-
suited from defective ,chimneys and
fiues alone was S56,000.000 In five
years, not to mention the general
fires that may have started from
this cause alone. Inspection has
gone far to remove danger from
this cause where 1t has beenl prac-
ticed.
OF the losses reported in recent
months a considerable portion have
been uninsured. There has also been
noticeable increase in the moral
hazard which is attributed to the
depression, unemployment and at
tendant circumstances.
A new law in Connecticut pro-
vides for a thorough inquiry into
the cause, circumstances and origin
of all fires to determine so far as
possible whether the fire was the
result of carelessness or the act of
an incendiary and the superinten-
dent of police is given power to
take testimony under oath and en-
ter premises where fires have oc-
CURED to make Investigations. Of
ficials are given power to examine
buildings where it is alleged that
dangerous conditions or materials
exist and to compel the owners to
remove the hazards. This law pro-
vides for the application of the
preventive inspection that has
proven so effective wherever tried.
The Washington herald., 1921-07-27
Real Estate Transfers

1715 6th st NV, 50 OF AIS, lot "a
James W. johnson ct ux. Ella J..
to Frank w. Thompson, ct ux. Louise
v. c., SO.
North of Otis place. east of 7th st
NV. 50 3O34, lot 272. Pleasant Plains
Herman r. Howenstcin to John w.
Tolson ct ux, Hattie p. so.
o st NV, east of LIST st, 50 6l7,
original lot l7-John G. Let's Grocery
Co. Inc. to Sanitary Grocery Co.. $40.
S25 4sth st ne, SO 5149, lot 10,
Hampton Heights-Ruth S. Will
Jams and Irwin w. Hays to w. S.
Hayes, SO.
Minnesota ave ne, between Gault
and Hayes SITS, So 5077. lots 81 and
IS. HilIbrook-Otway Il. Zantzinger
ct ux. Sarah C.. to Edward E. Carri-
gan ct ux, Minnie E. $40.
North of D st, east of 18th st ne,
50 1880. lot 41-Wm. B. Spire ct ux,
Katherine B.. to Annie H. Tardon,
$40.
4015 Marlboro pl NV. 50 1913, lot
s2-Archie +. Fairfax ct ux, to Jno.
c. Ellis tr., $40.
Jno c. Ellis tr conveys same
property to Lou z. Fairfax, $40.
Southwest corner Of sth and SITS
NV. 50 447. part lot 1S-Michael
wecksler ct ux. Shimcha. to Chas G.
Eluto. so.
229 r st NV. 50 $50. lot Sc
Annie NJ. Stewart to N. Louis Jew
Ter. s13.50o.
South of Shepherd st. east of
18th st NV. SO 2907. lot 64-Thomas
I a 70 AIharf porEnr
$40.
North of Fairmont st, west of
9Th st NV, 50 305s, part lot IA
Emma L. c. johnson to Virginia
Williams, SO.
S4S 11th st sc. 50 s71. lot s.
William J. Johnson ct ux. Anas-
tacia. to Raymond ]. Thorn ct ux
Sarah A. $40.
lots 1858 and 3e9-Edward Richard.
son to John P. Evans. $40.
| Charles w. King. sr., conveys
seNe property to Edward Richard
son. SO.
Robert H. Gray ct NIX. Martha T..
to Arthur e. Wells ct ux. Margare,
E.. $40.
South of o st. east OF 11th st NV
SO 339. lot 38 and art original lot !
|-Burditt Stryker ct ux, Laura NJ.
to Chesapeake and Potomac Tele-
phone Company, $40.
| 1Ol4 18th st NV. so 164, lot al
Blanche F. Crawford ct al tc
Georgine Campbell, so.
Linden pl ne. bet 18th and 18th
SITS. So 1904, lot 325-wm. A. Lee
exr. to Chas. d. Sager. $40.
Chas. D. Sager conveys sam,
property to VIM. L. Gibson ct ux
Lizzie, SO.
1717 Seaton st NV. So $50, lot o.
Jno. Castor ct ux. Elsie E., to elf.
] ton Fantroy and Eliza Fantroy, $40
| Sth st ne, of A st, So S97, part
orig lot 13-Ernest L. Schmidt ct al
to VIM. M. Smithdeal ct ux. Efie NJ.
$4,000.
1914 18th st NV. So 164, lot 21-
| Commonwealth Title Ins Co. exr
and tr. to Blanche E. Crawford anC
Samuel Crawford, IS.
widows Mite" part lot l6-
Bernard B. Jones ct ux, Ethel G.. TO
L. Perry West, $40.
/ N CT Lamont st, W of Warder 81
NV, SO 3043. lot 76-Ricbard A. Cog
gins to Ernest Ginnetti, $40.
| 2026 and 202S .4th st NV, so 1880
lots 81 and 55-Leverett M. KELLEY
ct ux, Fannie E., to Ethel NJ. Rutty
$40.
s22 st ne; 50 90, lot 10, Warner
II. Drury to Geo. A. wilburt ct ux
Maud ". 10.
North Of Florida ave east of 14tf
st NV: so 2s6s. lots rs to 35-Jno. l.
Smith, ct al trs, to Belmont Build.
ing Corp, $40.
Jackson st ne bet 10th and 12tf
The Washington herald., 1921-07-27
METAL MARKET.

NEW YORK. July 26.-Another
sharp break. e. los, is reported in
London tin prices, with spot quoted
at f15S SIS. and futures at f160 SIS,
sales twenty tons and $50 tons
standard copper is unchanged at
f7o for spot and f70 Is Sd for fu-
lures; sales, $50 tons of futures.
The Washington herald., 1921-07-27
NATIONS FIRE LOSSES
CONTINUE TO INCREASE
Large Proportion Due to Preventable Causes.
Remedy Lies in Official Inspection. Z
(BY THE WASHINGTON HERALD ECONoMIST)

the fve-year period. On the basis
of the same proportions of fires In
each group the preventable losses
each year amount to something like
500, ,000, 900 on the basis Of the to-
tails as given in the reported fires.
Thousands of suDller losses would
undoubtedly raise the total to q
much larger figure and the added
expense-of delays and losses to in
dustry which are by-products of the
fire experiences must be added In
the total cost.
The remedy appears to be in pop-
ular education and In inspection of
risks. The latter method OF pre-
vention of loss has been tested suf-
ficiently to prove its worth and
merit when done IN connection with
and supplementary to popular edu-
cation in fire hazards. The older
factory mutual insurance companies
have reduced their rates by more
than 80 per cent in fifty years by
inspection. General mutual COM
panies have greatly reduced their
The Washington herald., 1921-07-27

To this 25 per cent should be add
ed to cover losses not reported.
which brings the total losses to
$1.416.000. 900. an average of $685.
275.OO0 per year.
This shows that roughly one
third of the fires arise from strict
ly preventablc causes. OF the
groups classed as arising from un-
known causes a considerable num-
ber must be from causes which
might have been prevented by
proper safeguards.
The figures above are totals for
The Washington herald., 1921-07-27
Washington. July Is.


r. HE losses by fire to the ma
tion's business continues to
grow at steady pace. Losses for
June this year exceeded the same
month last year; the first six
months of 1891 passed the record
of the first half OF 1920 and the
total for the year will doubtless
show a gain.
The cost of fire losses to the
country takes rank with the large
items of national expense, since the
total amount has been greater than
our income from tariffs and almost
equal to the normal cost of operat-
ing all the government departments
aside from the army and navy.
As estimated by the National
Board of Fire Underwriters the
average total losses 1858 has
been over s2s3,o00.0 1000. The current
estimates of the New York Journal
of Commerce daily reports for the
last two years are as follows:
The Washington herald., 1921-07-27
: HALF.YEAR PERIODS.

The question is: How much of this
loss might be prevented? The an
swer is suggested in the analysis
made by the National Board of Fire
Underwriters Acturial Bureau, which
shows the causes and-amounts of
losses as follows:
AMERICAN FIRE LOSSES BY PRINCIPAL
CAUSES FOR FIVE YEARS, lsl5-ls1s.
The Washington herald., 1921-07-27

FURNISHED by W. B. Hibbs & Co.. member
Chicago Board Of Trade,)
The Lynden tribune. [volume] (Lynden, Wash.) 1908-current, 1921-05-05
PLAY SHOWS IT'S HARD
TO BE G. WASHINGTON
Telling Truth for "a Hours Isn't So
Easy, Amusing Senior Play Here
Next Week Shows

Could you tell the truth for twen-
ty-four hours? The whole truth and
nothing but the truth?
Looks easy, doesn't it, but you
might find that the cold truth would
turn your family against you, and
embitter your friends. Bob Bennett
the hero of Nothing but the Truth
the amusing comedy to be presented
at the Liberty Theater Wednesday
and Friday of next week by the Lyn-
den High School seniors, had just
such a task set for him. The COM
ical situations that result from tel
ling the truth for twenty-four hours
make the play delightful.
Reserved seat tickets for both ev.
enings will be on sale at the City
Drug Store Friday.
The following is the cast:
Bob Bennett-Hoyt Horton.
b. NJ. Rallston-Percy Morrison.
Bishop Doran-Wilbur Lauckhart.
Clarence Van Dusen-Harold Whited
Dick Donnelly-Joe LIE Compte.
|Gwen-Gayle Walston.
Mrs. Ralston-Edna Swanson.
Ethel-Almeda Booman.
Mabel-Inez Swanson.
Sabel-Nellie Brown.
Martha-Mary Worlow
The Lynden tribune. [volume] (Lynden, Wash.) 1908-current, 1921-05-05
SPORTSMEN PROTEST
STEELHEAD RULING
To Circulate Petitions Asking Change
i'm Ruling That Would Prohibit
Winter Angling

A vigorous protest against closing
the Nooksack River for steelhead
fishing, will be made to the state
director of fisheries and game by the
sportsmen of Lynden, and others in
terested in the county.
Petitions setting forth the objec-
q ons to the actions of the game COM
missions in barring the sport will be
& avn up, and circulated for sigma
lures.
The game commission ruling makes
the open season from Apr. 1 5 to Nov.
Is. AS the steelhead is in the river
during the winter months only, the
sport is automatically barred.
The steelhead is by far the gamiest
fish caught in the Northwest district,
When he takes the hook, he can only
be landed after pretty struggle, as
rule, and it takes an expert to out
wit him. Scientists class the steel
head with the trout family. but in
recent years, the state fisheries auth
critics have put the steelhead with
the salmon, as the Gamers because of
the large size and desirable qualities
wanted to can it.
The Lynden tribune. [volume] (Lynden, Wash.) 1908-current, 1921-05-05
CITY PAYS BONDS FOR
FIRST TIME IN HISTORY
Council Wipes Out $1,000 of Lyn-
den's General Debt; Sinking Fund
Created

For the first time in its history,
the Town of Lynden paid off a por
ton of it's bonded Indebtedness this
week The Town is in a healthier
financial condition now than it has
been for years, and it is the aim of
the Council to keep up the improve
ment
A total of s3,969.O0 in general
bonds were paid off this week, the
cash having been accumulated in a
sinking fund established by the Coun-
Gil for this purpose. The Council
hopes to be able to retire a portion
of the general bonds each year now
out of the sinking fund.
The city is now paying out con-
siderable sum each year in interest
on its bonds, and no small saving is
made by cutting down the total.
The Lynden tribune. [volume] (Lynden, Wash.) 1908-current, 1921-05-05
DRAW UP SCHEDULE
FOR LEAGUE GAMES
Four Teams Join NOOksack Valley
Organization; william Meurer FL.
ected President

According to the schedule drawn
up at meeting last Friday evening
of the officials of the Nooksack Valley
Base Ball League, Lynden's opening
game will be played on the home
grounds with the "Valley team, Sun
day, May 15.
During the season every team must
play each of their opponents a series
of five games, making a total of fif-
teen games for each club.
Last week it was announced that
the league would be called the What
com County Base Ball league, but it
was later decided that Nooksack Val
ley league would be more apprOpri-
ate on account of the location of the
towns represented.
A set of bylaws and rules govern
ing the clubs and players were also
adopted at this meeting. These will
be made public at a later date.
William Meurer of Lynden was
elected president of the Baseball
League.
A complete schedule of all the
games for the whole season appears
on this page.
The Lynden tribune. [volume] (Lynden, Wash.) 1908-current, 1921-05-05
POULTRY DRESSING
PLANT OPENS MONDAY
New $4,000 Station in Lynden Will
Receive Birds Next Week; Modern
in All Departments

Opening of the new poultry fatten-
ing and dressing plant of the Wash
ington Cooperative Egg and Poultry
Association is scheduled for next
Monday morning by Manager II. E.
Wills, marking an important addition
to Lynden's industrial activities.
The establishment is the most
modern of it's kind in the Northwest.
Ipoultrymen say. 1t was erected at a
cost of $S,000.00, along plans design
ed to handle the birds most efficient
ly.
The poultry department will start
out with staff of nine employees, in
addition to the force of thirteen in
the egg and feed departments. The
plant is equipped to receive. kill and
dress 1000 birds a day
1t is the intention to fatten the
poultry received for two weeks be-
fore killing. For this purpose, spec
tally designed coops have been con-
structed, and it is worth trip to the
plant to see these ingenious contriv
ances. From the fattening rooms.
the two-story coops will be taken by
elevator to the picking rooms in the
basement, where the birds will be
killed and picked. The Association
already has arrangements made to
dispose of the feathers at good
price, a by-product that will help in
crease the returns to the members
The birds will then be frozen in
one of the zero temperature rooms.
with heavily insulated floors and
walls. The freezers will hold 1000
boxes of poultry, about 2400 pounds
of broilers, the first birds that will
go through the plant.
The plant will have facilities for
holding more than two carloads of
poultry in storage.
An interesting feature is the way
in which the Whatcom County Dairy
mems Association is cooperating with
the poultrymen for their mutual ben
eft. Pipelines connect the poultry
dressing plant with the dairy assoc
iatiOn's plant across the tracks. But
termilk to feed the birds is brought
over, and live steam for picking them
clean, while a third connection is
made with the cooling plant to freeze
them.
The poultry association members
voted last week to increase the cap
ital stock of the Association from
100000 to $25O.O00 to handle the
poultry and feed business. An i'm
portant poultrymen's meeting will be
held Saturday evening, May IA, at
the Lynden High School. at which
time Manager j. L. Crab will appear
to discuss with the members plans
for the expansion of the business.
All poultrymen are invited to attend
this meeting.
The Lynden tribune. [volume] (Lynden, Wash.) 1908-current, 1921-05-05
HANNEGAN ROAD CASE
WON'T BE APPEALED
Commissioners Decide To Stand BY
Decision of Judge Brawley; Con-
test Would Re Costly

That the Lynden-Laurel road case
will not be appealed by the county
to the supreme court from the deci-
sion of Judge Augustus Brawley, OF
Skagit county, was the statement this
week of E. G. Baxter, chairman of the
board of county commissioners, and
of Ed Brown, a member. They say
that interest and other expenses
would accumulate without actually
saving money to the people of the
county, and include in their reasons
for not going up the belief that the
innocent would suffer-the innocent
being the contractors in the case.
The board will pay for the bridge on
the Nooksack, $35, 900, and various
other small amounts sufficient to to-
tai about $4,000. This was the
word of the commissioners.
Road maintenance COSTS" said
Baxter, "have been running to $4,000
month. So far, not counting April
the maintenance costs so far this
year have run to $4,000, this being
heavy and occasioned by great deal
of work here and there. With that
sort of expenditure and paying S95,-
600 for bridge, our 100000, ap-
proximately road and bridge fund
cannot go far toward new improve
ments. Yet the U. S. bridge near Ev-
erson will have to be replaced at a
cost of about $4,000, it certainly
appears"
The interest on the $355.000 cost
of the Lynden-Laurel road would go
ON another year. it was stated, if an
appeal is made. Interest is being
paid now on warrants representing
the amount Contractors are want
ing their money, it is declared.
The Lynden tribune. [volume] (Lynden, Wash.) 1908-current, 1921-05-05
EXPERT TO DISCUSS
CHILD WELFARE TOPIC
DIR. Sara Il. Wise Will Lecture on
Juvenile Training Problems Next
Thursday

Arrangements are being made by
the local w. C. T. U. for the enter.
tainment of DR.. Sara E. Wise of San
Francisco, who is being brought into
the state by the Western Washington
w. c. T. U. to lecture in the interests
of the boys and girls.
I DR.. Wise is a physician Of more
than 20 years. experience in San
Francisco. She gave up her prac-
tice there that she might devote her
splendid abilities to the cause of the
child-its right to be we'll born and
morally environed. She handles the
problems Of the boys and girls with
delicacy and scientific knowledge.
The people of Lynden are fortu-
nate in being given an opportunity to
hear this able speaker. and as many
as possibly can should take advan-
tage of the opportunity. as her ad-
dresses are something the people can
not afford to miss.
She will be in Lynden, Thursday,
May 12. In the forenoon commenc-
ing at 10 o'clock she will speak to the
pupils Of the schools, at 2 o'clock she
will speak to the women and young
girls. at the Methodist church. and
in the evening she will address the
public at the high school auditor
ium at 8 o'clock. Her subject will
be Child Welfare"
No admission will be charged but
any offerings or pledges will be
thankfully received.
A Hot Springs, Calf, paper Of re-
cent date says: Thursday morning
at the request of Superintendent o.
L. Dunaway, DIR. Wise addressed the
assembled body of the High School.
From the moment of her first utter
ance she held the undivided atten-
tion Of he 700 students. Her subject
bordered on Morality and she drove
her facts home in the most forceful
manner ever heard in the High
School auditorium. The address won
her such popularity among the stu
dents that she was requested to speak
to the boys and girls separately,
which she did"
One community in California re-
ports thus: Especially was DR.. Wise
appreciated by the young people in
the High Schools. One young man
student wrote, DIR. Wise's wonderful
personality carries with it a force
which compels you to listen to the
truths she presents. The father of
High School girl said, 4 would not
take $1,000 for the good my daugh-
ter received from her lectures. The
far-reaching results from her work
among US cannot now be estimated; !;
time alone will decide the good done"