davidaulloa/AmericanStories huggingface dataset:
Evening star., 1921-06-11
COTTON MARKETS.

NEW YORK. June 11.-There was a
moderate volume of business in the
cotton market during today's early
trading. but most of It was attribut-
the evening up of seating accounts
for over the week end. The opening
was steady at unchanged. prices to
an advance Of points and active
months sold to points higher
right after the call. but this met
ton.
Futures opened steady; July. 1875:
October. 1916; December, 1858; Janu-
ary. 1874: March, 400.
Selling of July increased and was
attributed to spot interests and liqui-
months. More or less selling de-
veloped because of fresh weakness in
the stock market and because of fur
ther talk of large tenders against
July contracts.
Futures closed steady at net de-
elines Of to 7 points. July; 1856;
uary. 1922: March. 1880.
Spot cotton quiet; 12 lower; sales
on the spot, 241 bales; to arrive. 110
bales: low middling, 8ss; middling,
11.3s: good middling, 1853.
NEW ORLEANS. June 11.-Week
end evening up occupied the atten-
tion of traders in the cotton market
in the early trading today. both sides
appearing desirous Of tightening COM
mitments over the week end. From
net advances of to points there
was a fall to net declines Of to
s points. July rose to 11.9s and fell
to 1889.
Futures opened quiet. July. 1892;
October. 1916: December, 1914; jan
uary, 1928: March. 1850.
Reports Of an unsettled tone in the
stock market and a favorable weather
forecast led to increased liquidation.
October sold off to 1904. making a
net decline of 10 points. but later rail-
lied on covering. The general market
closed steady. net 4 points lower TO 5
points higher.
Futures closed very steady. July
1891; October. 1915: December, 1862;
January, 1870: March. 400.
Spot cotton quiet: middling, 1850.
Evening star., 1921-06-11
WEEKS COTTON TRADING
WAS QUIET, BUT STEADY

NEW YORK. June 1.-THE cotton mar
ket has been generally quiet but steady
during the past week. After selling off to
1908 for October contracts on Monday.
or about 81 points from the best price
Of late last month. the market rallied
to 13.4S for that position. but the i'm
provement was not fully maintained,
owing partly to further July liqu;da ton.
The latter has been in evidence during
the greater part of the week. but the
sales of July contracts have been quite
readily absorbed against the selling of
early new crop months at a premium of
about IS to SO points on October. Small
lots of consigned cotton continued to
stock here now amounts to slightly
over 10000 bales. but there appears to
be enough scattering demand for early
new crop positions to make a market
for hedges sold against July purchases
by spot or banking interests. Other
f1uctuating between expectations of an
early settlement of British labor trou-
bles and reports of improving crop con-
ditions in the south.
weather from some parts of the eastern
belt. but conditions in other sections
have been considered very favorable,
and there were rumors this afternoon
that prominent southern authority re-
ported an improvement Of three points
half Of the month. The last weekly re-
port of the weather bureau said the
crop had made a good advance. but
commented upon the appearance Of boil
weevil in various sections and stated
that the pest was spreading all over
Georgia.
A disposition to wait developments in
this connection and clearing up of
British labor conditions has been re-
fiected in the comparatively small vol
ume of business during the week, while
there has been little or no change in the
news from the domestic goods markets.
Evening star., 1921-06-11
BONDS LESS HEAVY,
PRICES NO BETTER

, NEW YORK, June 11.-There was
mot the same amount of heaviness in
the bond market today that there was
yesterday. Still prices did not i'm
prove. The greater part of the trans
actions occurred at virtually the same
, figures as were recorded at yester-
days close. Victory Az 8 and liberty
second AIS were unchanged. the third
4As were up a bit. while the fourth
AZ s were a trifle lower. Liberty 3ks
were higher, but did not equal the
top Of their recovery made yester-
day.
United Kingdom 5ks of 1887 were
active and stronger. They had sold
as low as S3h yesterday and reached
SiA today. French IS were a frac-
tion lower at 97A. while Belgian TVS
were a bit higher at 9s y, and so were
Danish IS at 99A.
Little Change in Industrials.
Industrial bonds were for the most
part unchanged. Rubber 71.s at 9S,
Goodyear Ss at 80, westinghouse Is
at 9S1a and American Smelling 5s at
76S, were all the same as they were
at last nights close. Cerro de Pasco
IS were an exception, losing a half
point.
Among the rails Kansas City
Southern 5s, which had come down
yesterday from TAX to 73. continued
to be supplied at the latter figure.
Reading As made a new low again at
72A, and 50 did Rock Island ref. As
at 64N.
Evening star., 1921-06-11
CROP OUTLOOK NEARBY.

The June 4 crop outlook compiled
by the American Steel and Wire Com
pany, which maintains correspondents
In all parts of the country, gives con-
ditions in Maryland. Delaware, Vir-
ginia and West Virginia as fair to
good. Pastures, hay and clover in all
these states, except Virginia. are re-
ported as good; corn is good and on
an increased acreage; oats only fair,
except in Virginia and West Virginia,
where the crop is excellent. Potatoes
throughout the whole section are
IL oking fine and the acreage is larger.
only about one-fifth of the usual crop
of tomatoes will be planted this year
IN Maryland and Delaware. the report
says. and only about half the can
leries are expecting to operate.
Evening star., 1921-06-11
WEEK is FEATURED BY
EXTENSIVE LIQUIDATION

NEW YORK, June 11.-Extensive
liquidation and short selling effected
additional losses. of varying degree
in the stock market this week. over
100 different issues falling to the
years lowest quotations.
Unfavorable industrial conditions
and the collapse OF foreign exchange
hastened the decline. which again Uas
! most severe in the many speculative
groups. rails displaying comparative
Isteadiness.
Oils suffered far more than any
other division, the Mexican situation
| and the state. OF the oil trade playing
directly into the hands of the shorts.
According to rumors current in the
financial districts many large specu-
lative accounts were closed out "at
| the market" or for such prices as
were then available. Color was given
to these rumors by the calling of
bank loans.
Money on demand relaxed to lowest
quotations in the last six weeks, and
| time funds were less rigid, with mod
| crate purchases of merchants' paper
Baslng thnir conclusions on the con-
! tinued improvement of the federal
reserve banks. brokers were inclined
| to expect further reduction of inter-
est and rediscount rates by that in
}stitution.
Evening star., 1921-06-11
Grain. Produce and Live Stock
LOCAL WHOLESALE MARKET.

LOCAL WHOLESALE MARKET.
Eggs-strictly fresh, per doz.. 81;
southern. 26.
Live pouIty-Roosters, per h.. 10;
turkeys. per lb.. 32as5: chickens.
spring. per lb.. 5oa55: hens. per lb.,
30; keats. young. each. GOATS; chick
ems winter. per h.. 35a4o.
Dressed poultry -. ,Fresh-killed
spring chickens. per lb., 5oa55: hens.
per lb- 81; roosters. per lb., %; tur-
psT psy' ib!. per soas6 .S sSa's; chickens winter
medium. 1sa14; heavy, 1oa1s: live, sM.
Live stock-Calves. choice, per h.,
10Y; lambs. choice. per h., 12a13.
Green fruits-Apples. per bbl.. 3.ooa
California lemons. per box. s.5oa1o.o 90;
Canfornia oranges. per crate, 5.50a
500: Florida oranges, per crate. 500
so: grapefruit. per crate, 5.00a6.50:
strawberries. per Qt., 20a35.
l; per bbl., 1.25a1.75: northern, per
sack. 1.50a2.25; new southern po-
tatoes, per bbl., 3.50a4.5 So; yams, per
bbi.. 6:ooa7. 90: lettuce, nearby, per crate,
Ioai 100; celery, per doz, 1.00a1.50; Ro-
maine lettuce, 1.ooa1.5o: cymblings, per
100; kale. per bbl.. 1.00a1.50: peppers
per crate. 1.50a2.50: peas. nearby. pei
bbl.. 5.ooaaoe; Texas onions. 1.75a2.00;
new cabbage, per crate, 2.50a3.00: Gu
cumbers. 4.0ea5. 90; eggplant. per crate
2:00a3. 90: tomatoes. per box. 3.50a5. 90;
North Carolina asparagus, per doz., 2.5(
a5.O0: nearby, per doz., 1.00a2.25.
CHICAGO LIVE STOCK MARKET.
CHICAGO. June IL GU. S. bureau OF
markets). - Cattle = Receipts, 1000
head: compared with week ago bee1
steady; spots higher; veal calves, rs
higher; stockers and feeders, dull, 2s
lower
Hogs-Receipts: 1000 head; active
opening steady to 10 lower; mostly
steady with Yesterdays average
fairly good clearance; top. $40 for
fifty hogs; practical limit, S.35; bulk
S.00aS.25: pigs. 10 to Is lower.
Sheep-Receipts, 5000 head receipts
today mostly packers direct; compared
with week ago aged lambs IS to loo
lower; springs. 1.25 lower; sheep
steady to 25 lower.
Evening star., 1921-06-11
FOREIGN EXCHANGE STIR
UPSETS WHEAT PRICES

|, CHICAGO, June 11-violent changes
\ in price have made the wheat mar
ket stormy this week, but have
largely Offset each other. Depres-
sion in foreign exchange and uncer-
tainty about domestic anti-pit legis-
lation finally outweighed bullish fac
tors. Compared with a week ago,
wheat this morning was Y cent to
1A cents lower. corn down 3h cents
to 4ka4A cents. and oats of asa
81 cents to 3K cents. Provisions
gained 80 cents to so cents.
had a direct tendency to shut of
export business in wheat during the
week and to bring about offers to re-
sell on the part of Europeans. On
the other hand, private domestic
crop estimates were of a radical
firmed to a notable extent by the
Washington report.
Misgivings about wet harvest
and a possible big railroad strike
added to anxiety among traders who
had d been s looking issnaEo,n for lower prices:
market scored steep advance to
nearly the topmost point yet this
season. Then values made a sudden
back somersault. Disturbing reports
about proposed action OF the Illinois
legislature antagonistic to the wishes
of board of trade members was
largely responsible. but the bears
put new stress also on financial con-
export call. 90.
Heavy receipts pulled down corn.
The oats market was depressed by
the bearish government report as to
oats.
from upturns in the value Of hogs.
Evening star., 1921-06-11
TRADE CONDITIONS.

NEW YORK, June 11.-Bradstreet' g
review Of trade says: Trade and in
dustry are irregular and cross cur
rents are numerous. with no two ad-
jacent markets returning exactly the
same reports. Wholesale and jobbing
business shows an increase Of mid
season quiet. and Industry has rather
slackened. with collections about as
slow as at any time since midwinter.
"On the other hand. retail trade.
helped by the advance Of the season.
is about as good as at any TIME this
year, and crop reports are quite uni
formIy favorable. Indeed. reports
from the biggest winter wheat-grow-
ing areas are better than they were
at the date the latest government re-
port was gathered.
.TJnemployment returns show slight
increase, but the bulk of this in
crease is of voluntary character. in
that it is due rather to strikes than to
forced shutdowns. At an increasing
number of points, however. there Is
evidence that better judgment is di-
recting partial acceptance of re-
duced wages, this especially in the
building trades"
Evening star., 1921-06-11
MAY EXPORTS AND
IMPORTS FALL OFF
But a Favorable Balance oi
$122,0OO,0OO Is Shown,
Says Report.

Both exports and imports continued
to fall off. in May. but the months
trading resulted in a favorable balance
1pf s122. .OOo. 900 for the United States.
figures made public today by the De-
partment of Commerce showed.
Exports for May totaled $3.50. 900, oo9
as against 100000, 900 in April and
s74s. 100000 in May, 1926. while imports
: for the month were $20S, 900, 900 as COM
pared with $256. 100000 in April and
S431. 900. 900 in May the year before
MaS ESF eapors shs seTsa oaes mGn;ss soSed 900 with
against s7.4S0. 600. 900 for the correspond
ing months of 1920, while imports as-
gregated S3.472, 100000 as compared with
s4,6sS, ,0O0. 900.
Gold and Silver.
Gold exports for the month totaled
s1.062.521, as compared with $685.
7s7 in April and s7.561.Ss3 in May,
aos.s1s. as against ;ss.2ss.175 in
April and $15.6s7.s59 in May, last
wear.
Gold exports for the eleven months
ended with May totaled -$132.764.299,
compared with $4S1 1OO.731 during the
amounted to s602,s17.925, against
$123.775,217.
Silver exports for May totaled ST.
3o2. 500, compared with $6.sS2,l30 in
May, 1920; and imports were $685.
o77. as against $S.0S2.S95 in May a
year ago.
Silver exports for the eleven
months period aggregated $51,112, ,161,
as compared with $174.621,6 ,646 in the
'same period last year. while imports
We're s55.S05.259. as against $96,337,-
'S5 for the eleven months ended May,
1921.
Evening star., 1921-06-11
STOCKS LOWEST
IN YEAR OR MORE
Records Made by Leading
lssues-Week's Clos
ing Is Heavy.
BY STUART p. WEST.

NEW YORK. June 11.-This morn
ing's stock market was much the
same sort as that of, previous days.
A series Of further sharp breaks oc-
Cured in special issues. without, how
ever. upsetting the general run Of
other stocks. While selling was going
on in these specialties short covering
and q moderate amount Of real buy
ing was taking place in others. -,
This gave the price movement a
very irregular appearance. with an
In certain groups of stocks and an
Impression of uncompleted liquida-
tton in others.
The news of the day was generally
unfavorable. The Cities Service Com
pany added its name to the lengthen-
dividend action and the substitution
Of scrip for cash dividends was ex-
planned on the ground of the "de.
moralixation" in the oil industry.
Dividend Action a Factor.
This put severe strain upon the
shares of other companies in the
same line of business. notably Gen
eral Asphalt. Mexican Petroleum and
Pan-American.
The Chandler Motor was the l@test
of the automobile manufacturers to
announce a cut in prices, but this
had been pretty well discounted, as
it turned out, in the market for the
motor shares.
The widely published statement
that there was enough sugar on hand
in the country to care for all de-
mands for the rest of the year with
out any fresh purchases from Cuba
or other of the outside markets led
to fresh weakness In American sugar
and most Of the other members of the
group. Corn Products. American
Sumatra, International Paper and At
lantic Gulf were others that devel-
oped special weakness.
Some Strong Resistanee.
On the other hand. Studebaker. the
coppers. American Wool. American
Tobacco, California Petroleum and
Texas Company were among those
which offered strong resistance to
the selling movement. Sterling went
lower again.
The May features for the foreign
trade turned out a repetition of the
April results. Imports Of $2oS.00O,-
900 were less than half those of
year ago. while the export total Of
$330.O00,00O, compared with $745,00O.-
The credit balance Of $122,000. 900 is
again pretty we'll offset by the $751;
600, 900 import gold received during
the month. thus showing that the
trade movement has had nothing to
do with the recent fall in the ex-
change.
NOTES.
The break in California Petroleum
preferred. which came yesterday. was
reported to have been taken advan-
tage of by inside interests and the
1900 shares of stock which were sold
at a loss of five points between sales
will. ultimately. find Its way into the
treasury Of the company. The selling
could have been based on no other
reasoning than that holders needed
the funds to enable them to hang on
to other stocks. which stand them
severe loss.
There were further reports today
throughout the financial district that
big financial interests had come to
look upon the stock market as at
or very close to its bottom. 1t was
said here several days ago that GER
tain banking people had been advis-
ing their friends to buy stocks and
today it was learned that a time limit
for a sudden change in the market
had been set by these big interests.
Evening star., 1921-06-11
DAIRY MARKETS.

BALTIMORE. June IL. (SpeciaD.-
Chickens. alive. springers. 4oa55;
white Leghorns. 3Sa45: young win
ters. 40a45; told hens. 27a30: old roost
ers. 16a17: ducks. 25a2S; spring ducks.
S0a36: pigeons. per pair. 40.
Eggs-Loss on. strictly fresh. near
2Sa29; ladies'. 1Sa51: rolls. 16a20:
store packed. 15a16; dairy prints, 1Sa
20; process butter 23a25.
NEW YORK. June 11.-Butter-Un-
settled: receipts. 16,9SS boxes: cream
cry, higher than extras. Six a32E
creamery, extras (92 score). 31a31E u
firsts (s to 81 score). 2sa3ok: pack
ing stock, current make. No. 2. II.
crates. Fresh gathered. extra f1rsts,
2Sa30; firsts. 25k ka27h; state. Penn
sylvania and nearby western hennery
whites. firsts to extras. 30a3S; state,
Pennsylvania and nearby western
hcnnery whites, firsts to extras. 30a
western hennery browns. extras. 33a
"a: do, gathered browns and mixed
colors. firsts to extras. 26 Aa32: stor-
age packed, extra firsts 29a30; do,
frsts, 27Hace.
Cheese-Easy; receipts. 4.1sS boxes;
state whole milk. fats. fresh spe-
cials, 15ha16h; do. average run. 141s
cials. 15lsa16; do. average. 14ka1s.
Poultry--Live and dressed. quiet;
prices unchanged.
CHICAGO. June 11.-Buttcr-High-
er; creamery. extras. 30A; standards.
30k: firsts, 25a29h: seconds, 2oa24.
Eggs-Unchanged; receipts, 2s.s0o
cases.
Evening star., 1921-06-11
RECEIVER FOR BAY STATE.

BOSTON, June 11.-Federal Judge
Anderson ordered the appointment of
Daniel A.. Shea, former assistant Unit
ed States attorney, as receiver for
the Bay State Refining Company of
this city and Tulsa. Okla. The action
was taken on petition Of the Ritter
Comfy Company of Pittsburgh. hold
ing promisscry notes aggregating
$4,000. The petition sets the COM
pany's assets as $650,o0o, and liabilf-
ties exclusive Of deferred dividends
on n~eferred stock At S47S.000.
Evening star., 1921-06-11
MoNEY AND EXCHANGE.

!. NEW YORK. June Il;-Prime mer-
weak; sterling si3ty-day' bills and
commercial sixty day bills on banks,
3.69:- commercial sixty-day bills.
sSSA: demand, 3.73h; cables. 3.74A
Francs, demand. 7.s2; cables, 7:s4.
= 9a Guilders, demand. $3.50; cables.
a. 80. Lire, demand, 4.S9; cables. 4.91.
Marks, demand, '1.42: cables. 1.43.
GREECE, demand, 500. Sweden, de-
.mand, 22.15. Norway, demand. 1850.
Argentina, demand. 5000; Braziiian.
cent discount. Government and rail-
road bonds easy. y
Evening star., 1921-06-11
B. E. O. DIVISIONS MERGED.

BALTIMORE. June 11.-Consolida-
nn O. The Ohi2 River aad Wheeling
''-'sions of the Baltimore and Ohio
I'd ,TvctiEG next Thurs l1y is an
GUuceI. The action is taken as n
ct of the company's program for
{ t2e-atias ac3rQmy. The divisional
personnel of the offices at Parkers-
burg, w. Va, will be cut and diviSe
~naI efs'~s-s -.S~reN ~ wink.
Evening star., 1921-06-11
PAYS 81, ,5oo, 900 FOR ESTATE.

| CHICAGO. June 11.-Marshali Field,
Sd. has purchased, an, estate on Long
falling 1880 acres. according to re-
ports printed here today. The price
was reported as $1,5oo. 900. Mr.. Field
recently acquired four pieces of
property in the Lenox Hill district in
New York city, but denied he in
tended moving from Chicago.
Evening star., 1921-06-11

Through the minister for foreign
AFFAIRS Nicaragua has arranged with
New York firm for an emergency
loan Of $4,000. It is hoped that the
present stagnant economic condition
in Nicaragua will be somewhat re-
lieyed by this loan. Is
Evening star., 1921-06-11
LIBERTY BOND CLOSING pR1c,

NEW YORK, June 11.-Liberty
bonds closed: 3ks. $3.50; first IS.
$3.50 bid; second As. $3.50 bid: first
AIS, 1886; second ANS. 1884; third
AIS, 91.54; fourth AIS, S712; victory
3As. ss.40: victory ANS, es.40.
Evening star., 1921-06-11
DIVIDENDS DECLARED.
NEW YORK BANK sTATEMENT.

I NEW IoEtAs JuAS IL. - AS ACIual
condition of clearing house banks and
trust companies for the week shows
that they hold $4s.es6,420 reserve in
excess Of legal requirements. This
is an increase Of S23.ls1.sso from last
week. t<l5
Evening star., 1921-06-11
FOREIGN BONDS.

Quotations furnished by W. B. Hibbs L Co.
ClOsin1 nriros.
Evening star., 1921-06-11

NEW YORK. June 11.-Flour-F'irm
spring clears, 7.50aS.00: soft winter
strai ghts. 7.35a7.75.
Lard-Firm: middle west, 9S5a995
Other articles unchanged.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-07-31

issue bonds and draw in more money
and more idle stockholders The
railroads should earn and pay for
their own extensions. The laws
were made solely 10 favor investors
whose insidious aim IS 10 destroy en-
terprise.
Young men ought to get into
railroads and industry. I believe
every young man who enters his
fathers business should first get an
interest IN it-so he can put his
heart into the game"
Ford Is proud OF the fact that
his railroad does not operate on
Sundays.
We are going to stop every wheel
from 5 o'clock Saturday evening
till o'clock Monday morning" he
explained. I want 70 give the en-
ployes a Sunday when everybody
else has 1t. No man can work more
than six days a week and keep 1t
up. We have an eight-hour day and
a six-day weekend the men are
more careful and more interested.
"Our railroad men get more money
than the brotherhood scales. There
may De brotherhood men on our
railroads and union men in our
motor car and tractor plants-but
they don't work at unionisn. We
deal with them direct. In our work
we recognize neither color nor creed
religious. political or Industrial
creed"
Ford stood most OF the time dur
ing the talk in a characteristic atti-
tude-his left hand propped under
his chin and his left elbow held in
his right hand. That's his think
ing position"
He is 5s. His hair is quite gray
and he wears II long on top Of the
head where it is getting a bit thin.
He Is thin. a bit stoop shouldered,
sharp OF feature and has deep-set
blue-gray eyes
Copyright, 1929
South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-07-31

the presence Of campers along me-
andering creeks and beside cool
rivers.
They are going somewhere.
Where? They don't know.
We're seeing the country" they
say. We've worked hard for years
and now were taking our vacation.
It's a great life"
Engines Pun Steam
II is no uncommon sight 20 see
the puny radiator OF a cheap car
putting steam through the water
vent as the puny engine beneath the
hood battles valiantly TO hurry along
barn-like tonneau with a family
Of a dozen.
The carnaraderie OF j: ALL
"Oh. dad. look. there's the people
we saw near Yosemite a youngster
will cry. Or,
Hello. folks. Haven't seen you
since we pulled through Fourth Of
July canyon. How's tricks?" Or.
BY George. we'd sure been out OF
luck II you folks hadn't loaned US
that gasoline there in the desert"
The whole northwest Is pervaded
South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-07-31
By E. NJ THIERRY.

N CAMP. via OAKLAND. Nd.
July 3O.-.I am not trying 70 burg
lArizs my railroad-I'm making IL
serve the public"
That is the boiled-down answer
Henry Ford gave when I asked him
% tell mis- magic formula FOR cur
Ing Americas railroad lis
Giving two hours out OF his va
cation Vi the West Virginia noun
talns with H s. FIrestone and
Thomas a. Edison. nc told me how
after purchase he rehabilitated the
y. T. & I. railroad. And ne de-
clsred that application Of the same
methods would make all sick" rail
roads we'll
We cut freight and passenger
rates 90 per cent and we boosted
wages" said Ford And IL won't
take long 20 reduce tie rates so
per cent
All Could Cut
All railroads could cut their
rates in half We have shown them
how. But I'm afraid they won't
do IT,
Under Wall st. management the
only way they know how 20 make
money Is higher railroad rates
which ~ the poorest way in the
world 20 get business"
Ford said he wasn't a magician"
and didn't WELD a magic wand"
This il his recipe.
Keep the railroad busy and the
equipment busy and all the men on
r. busy.
ION the D.. T. & I. we are get
ding along fne-making money
where the road never made money