davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1921-02-17
COAST BUSINESS BRISK;
FULL RECOVERY NEAR
Activity in All Lines on Pacific Seaboard Stim-
ulated by Foreign Demands.

Especial to Business sectien Of The wash
insten Her.ld.)
SEATTLE. Feb. 16. - Business
along the Pacific Coast
are more favorable than in any
other part of the country. From
Puget Sound to San Diego business
and industry, having suffered
slight curtaiIment during the worst
Of the depression, is now either
back to normal or advancing so
rapidly that full recovery is looked
for within a short time. Activity
of Asiatic and Australasian export
is partly responsible for the rapid
recovery. Japan, Australia, New
Zealand and Philippines are all con-
tributing a share in the growing de-
veIopment of business on the coast.
About 100 per cent of the -four
milling capacity on Puget Sound
has resumed operation within the
last ten days. The reason for this
Is the brisk demand for Washing
ton -four in the Southeastern States.
Cables from Japan indicate that the
financial situation there is improv-
ing rapidly. With Japan enabled
TO buy more extensively, the entire
Orient would strengthen and buy
ing on the North Coast would eX-
pand. Montana -four mills are
now for the first time putting -four
through Puget Sound at SO cents
under the Puget Sound price. but
cannot deliver in large enough
quantities to fill the heavy demand.
Orient Calls for steel
Confidential cables to North Coast
jobbeEs show Oriental export mar
kets steadily improving, and Japan
China and New Zealand are show
ing an interest in hardware and
machinery. New Zealand buyers
say that by April l they will re-
quire some large steel orders,
Farm machinery is moving, due tc
the resumption OF cutting at the
lumber mills, which have been idle
since Christmas.
In the lumber business there ha;
been a further decline in common
dimension fir of so cents a 1000 feet
but all other building assortment
are about steady. The decline wa
not due so much to open reductions
as to quiet price cutting and offer,
because OF delayed inquiry from thu
East.
Railways that had placed som'
The Washington herald., 1921-02-17
BALTIMORE GRAIN.

BALTIMORE, Feb. I6.-Wheat-
Receipts, 64,24S bus by car and Is
bus by vessel; shipment from ele-
vators. 5,397 bus; stock in elevators.
l,555,S3S bus.
The market was weak and lower
all morning with only feeble ral-
lies, and around midday spot wheat
was &c lower at S1.9S for No. 2 red
winter. spot and $1.S7 for No. red
garlicky, spot
A small cargo of No. red winter
garlicky wheat sold at $1.S3 bus.
The market closed weaker, as fol-
lows: No. red winter, spot, $1.97A :;
No. red winter garlicky, spot,
$fS4; February, $1.S4; March,
$1.S41a.
CoTn-Receipts. 1853 bus by car
and 4,16O bus by vessel; shipments
from elevators. 10000 bus; stock in
elevators 1,712,9SO bus. Cob corn
is, about steady at $4.OOa4O5 per
barrel for car loads of prime yellow
on spot. Shelled corn was some
what lower, rejecting in a small
measure the mornings decline in
wheat. At noon contract spot corn
was quoted at SAC.
A car of No. yellow, domestic,
No. 2, elevator, sold at SAC a bus.
A car of No. mixed spot corn
sold at S3%c. Cargoes of corn sold
at S212c for No. 3 white and 79%C
for No, 4 white. Closing was lower:
Contract, spot, S3Ac; February.
S3Ac; March, S3Ac.
Oats-Receipts, 1906 bus ship
ments from elevators, Sac bus;
stock in elevators, 563,646 bus.
Part of a car of No. white oats
in elevator sold at 4S1ac per bus
Around midday No. 2 white oats
were quoted at 4S1sc asked and No.
white at 47zc asked.
Closing prices for oats were: No
white, 4S1.c; No. 3 white, 47a471Rc
Rye-Receipts, 114,573 bus; stock
in elevators. $3.50 bus; shipments
from elevators, 91O,9S7 bus.
A car of No. Western, spot, sold
at $1.701z per bus in the morning.
Midday quotations for No. 2 West
ern, spot. was s1.72.
Part of a car of No. 2 Western
spot, sold at s1.71&. At the close
No. 2 Western. spot, was quoted at
S1.72.
Hay-Receipts 25 tons. Standard
timothy, S25a25.50; No. timothy
s24a2450: No. 3 timothy, s17a22; No
light clover mixed, s23a23.5O: No
clover mixed, s21a22; No. 2 clover
mixed, s16.50a20; No. > clover mixed
s13a16y No. cloyer, s23.50a24.50
No. 2 clover, s16.50a20; No. 8 clover
s13a16; sample hay. s10a15.
The Washington herald., 1921-02-17
INDUSTRY CRISIS
HASBEEN PASSED,
HARDING CLAIMS
No Apprehension About
Future, Reserve Board
Head Declares.
LIVING COST LOWER
Governor Submits Statistics
Showing December 100
Above 1919.

The industrial crisis has been
nassed and there need be no sp-
prehension about the future, w. P.
G, Harding, governor of the Fed
eraI Reserve Board, said in the
boards annual report yesterday.
"It is generally recognized that
the crisis has been passed and that
the country has regained a more
normal state of mind, which is OF
first Importance in working back
toward normal conditions; and look
ing to the future a spirit of greater
confidence prevails" Harding wrote.
The report also quotes wholesale
price indexes to show that the cost
of living is lower in the United
States than in any of the other
principal countries.
Harding showed that prices in
December were but II per cent
above the monthly average for 1919
throughout the United States. In
Italy, however, the increase is given
as 535 per cent. For some other
countries the increase was: Eng.
land, 143 per cent: France. 334 per
cent; Sweden. 1893; Canada, ia;
Japan. 1O6, and India, so.
German Reductions Help.
Price reductions of German goods
helped to bring on the big price
break in the United States and
throughout the world. according tC
the report.
He also denied charges of farm
ers that the Reserve Boards policy
of defiation caused them to lose
money on their 1920 bumper crops
| because they could not borrow
money to hold their products for a
high market.
Denies Charges Against Board.
Harding denied that the Federal
Reserve Boards policy of raising
discount rates brought on the price
reductions and industrial depres
| sion as has been so often charged
He submitted reports showing tina
bank credits declined but slightly
during the year. despite the in
creased discount rates.
German goods, Harding explained
| flooded France and England in tn,
spring and early summer, killing
markets for American exports which
| piled back into the domestic mar
kets of the United States. helping
to bring the big price break.
The Washington herald., 1921-02-17
COTTON SUFFERS
FRESH SETBACK
Bulk of Selling Attributed to
Profit Taking and Posi-
tiOn of Market.

NEW YORK, Feb. 16.-Cotton suf-
fered another setback today after II
had risen further in the forenoon.
Mo- fresh factor was connected with
the setback. and the bulk of the SELL
ing was attEibuted to profit taking
and an easier technical position of
the market. The market was irreg-
ular at the start, with prices u
points higher to II points lower.
There was considerable selling
for profits by recent purchasers, but
this cotton was soon absorbed, and
the list later sold about 10 to %
points above yesterdays close, with
May selling at 1859, or SO points
above the recent low level. Some
Southern hedge selling. as well as
realizing or liquidation. sent the
market off some 80 to 80 points from
the best. or Is to 20 points net lower
later in the forenoon.
After displaying a slightly stead,
ier tone in the afternoon. offerings
from spot concerns and local opera
and sent. the list to new low level:
for the session. One of the features
Of the afternoon was a demand fol
March from spot concerns, which
suggested to some that tenders OF
that position might be smaller thar
had been estimated previously. Las
quotations showed a net loss OF ,:
to 80 points Spot here was quie
with middling 80 points lower a
1890; there were no sales.
/ Of Ne nrlaanG GtpaHN
with middling unchanged at l5A c
the sales were 2,ll5 bales.
Receipts Of cotton in bales at som,
OF the leading points today were
! Galveston, 5.42O; New Orleans, 6.
| O20; Savannah, 97S: Memphis, 3,S32
| Houston, 6.l45.
The Washington herald., 1921-02-17
TRADERS NERVOUS
in GRAIN MARKET
Erratic, Choppy Conditions
Prevail on Exchange
During Day.

CHICAGO. Feb. 1S.-Choppy. er-
ratio grain markets today kept the
trade in a state of nervous uncer-
tainty until the end OF the session
When prices were considerably
lower and near the bottom spots
of the day. Wheat lost 3'to cents
and corn was u cent lower. Oats
declined l cent. Rye was down Ia
to cents but barley closed y cent
higher.
Heavy selling was encountered
on every rally by the wheat mar
ket and the trade credited this TO
some of the big long interests who
were willing to accept profits. The
situation at the present time is far
from strong, Confirmation by crop
experts of the Department of Agri-
culture of the report of infestatior
by green bugs in the Southwest
was the only bit of news of i'm
portance. There have been various
reports from different houses about
the green bugs, but its confirma-
tion by government experts gives II
an authority that will probably be
felt in the market.
wheat On a smaller scale. 1t got
down to the bid price but there the
selling seemed to dry up instantly
This had a tendency to lead the OBJ
server to believe that those who
sold bids were not at all worried
about protecting themselves, anC
were, in fact, perfectly willing t.
take the corn if the close was a
a price under insurance privileges
Although corn closed a cent lower
the market gave an impression o
| great underlying strength.
The declines in wheat and corr
were mainly responsible for tn,
sharp break in oats. Buying wa
restricted, except on the break
when resting orders as well a!
purchases against bids were en-
countered.
The easing off in grains wa
duplicated in the provision pit
Pork, ribs and lard all declined Il
cents in a rather dull market.
Following are today's quotations on grail
The Washington herald., 1921-02-17

special cuttings with the West
Coast mills have been Cancelling
and no new railway business has
appeared.
steamship lines are making an ef-
fort to hold the water rates where
they are at $40 to New York. and
have urged lumber shippers to do
all possible to build up this feeling
in view of a possible brisk east
bound lumber movement in March
and April.
Single Mills ResanIng.
Thirty-fve per cent Of the shingle
mills in the Seattle district. all OF
which were idle for the last thirty
days, have resumed operation and
more are preparing to follow. Stocks
Of shinges are under normal Cedar
shingles are so low that they are in
direct competition on a price basis
with patent roofing and jobbers OF
roofing report a decrease in sales.
Farther South and centering
around San Francisco business il
unusually good. One reliable indi'
cation is noticeable in the demand
for office space in San francisco
buildings The new Dollar Building
just opened by the Robert Dollai
people was filled almost before Il
was finished. The Balfour Building
built by Balfour Guthrie, has onl!
FIVE or six vacant ofices and this
although the rents are about 30 pei
cent higher than in other buildings
The space left by tenants wh'
moved into the new buildings wa
promptly taken.
Unemployment is only IL per cen
more than it was a year ago. a sur
vey made by the Chamber Of Com
merce Of San Francisco revealed
I iTwenty-six representative factories
were canvassed. In the metal trade
employers expect TO increase thei
/ forces. except two will reduce 10 pc
cent. This proportion held good ais
| in other lines, except textiles
which are slow. Los Angeles Il
/ even more brisk
| Along the whole Coast the indi
vidual position is financially strong
er than ever. Business men hsv
edged away from speculation an
dealings are on a sound basis, hav
ing passed through the shaking
down stage when imitation was be
ing slowly squeezed out.
The Washington herald., 1921-02-17
Anthracite Shipments
Decreased Last Month

Shipments of anthracite in jan
uary, as reported to the Anthracite
Bureau of Information, amounted to
5,740,53S gross tons, against $685.
800 tons in December 1920, a de-
crease of 695,7S2 tons. There were
twenty-five working days, but three
of these were observed as religious
holidays in some parts of the region,
and a strike in the Panther Creek
Valley helped reduce the total out
put The months total was, never
theless, almost equal to that of No
vember, 1920, 5,765,347 tons, and was
slightly in excess of the record for
the corresponding month of jan
uary, 1929, when 5,713,319 tons were
shipped
The Washington herald., 1921-02-17
LOWER EXPORTS CAUSE
DROP IN NUMBER OF HOGS
Decline of 1000, ,OoO, 900 pounds in Foreign Pur-
chases Overburdens Domestic Market.
By The Washington Her.Id,. Economist.

1t has been clear throughout the
year that the hog population of the
United States would show a mark
ed decline when the Bureau of
Crop Estimates came to make its
annual statement of the number
of animals on the farms and ranges
on January l. The decrease which
occurred in the number of hogs
during 1920 was more than s.
100000 or the greatest decrease
ever recorded fer any one year.
Since January l, 1919. when the
total number of hogs in the coun-
try reached its maximum figure of
74,5S4,O00, there has been a de-
crease of nearly s,OOO,OO0.
The following table shows the
number of hogs 'on the farms and
ranges in the United States on
January l of each year since 1912
The Washington herald., 1921-02-17
BALTIMcsHE PRODUCE.

BALTIMORE, Feb. 16.-Butter-
Creamery. fancy. ID, 46a47c: choice,
44a45c; good. 42a43c; prints, 47a4Sc;
blocks, 46a47c: ladle, 2Sa3Oc; Mary
! land and Pennsylvania rolls, 2Oa21c;
Ohio rolls. 2Oa22c; West Virginia
rolls, 2Oa21c; Maryland. Virginia
and Pennsylvania dairy psnts, 23a
! CSC; store packed. 2Oc: process but
| ter. 33a3Sc
Eggs-The following quotations
are for first hand transactions. job
| bing prices and rehandled bringing
higher prices: Maryland. PennsyI-
vania and nearby firsts, 36s: West
ern firsts. sec; West Virginia firsts,
36c; Southern firsts, 35c. Duck
eggs, SOC
Live Poultry-We quote as fol-
lows: Chickens, old hens. ID s. and
over, 32a33c; small to medium, 32a
S3c: white Leghorns, 32c; old
roosters, 22c; young, large, 36a37c:
young chickens, 2 lbs and under,
! 40a45c; white Leghorns, 35a36c:
rough. poor. thin to shaggy, S2c,
Ducks, young Pekins, lbs. and
over, 3sa3sc: puddle, 37a3Sc: Mus
| covy, Sac; smaller. &c. Geese, near
| by. fat, soc; Western and Southern,
26a2Sc; Kent Island, S2a33c; all sec
tions, poor and thin. Csc. Pigeons,
young, pair, 45a50c1 old, .45a5Oc
Guinea fowl, young,i1 1-2 lbs and
over. each, 65a75c. Turkeys, choice
hens, 53a54c; young gobblers, sac
koId toms, 4sc; poor and crooked
Tbrest 40c.
Dressed Poultry-We quote ID
(scaIded, undrawn. head and feet
on): Turkeys, young, choice L
fancy. 55a56; fair to good. 53a54c
old toms, 50a52c; poorly dressed anc
thin, 40a42c. Chickens, choice
young. 36a3ss; old and mixed, 34s
i35c; old roosters, 23a24c. Ducks
The Washington herald., 1921-02-17

The total consumption in 1870 is
estimated on this basis at s,43s,-
900, 900 pounds which is less than
80, 900, 900 pounds greater than for
the preceding year. However. there
was a large increase in the ap-
parent consumption of pork from
inspected slaughter. The figures
obtained by taking into account the
total production under inspection,
the storage at the beginning and
end of the year. and the domes-
tic exports, show that in 1919 we
consumed a little over $500, 900. 900
pounds of inspected pork and in
1920 consumption was very nearly
1850. 100000 pounds, or roughly
about 45O,OOO,0OO pounds greater
last year than the year before.
The following table shows the
production and movement of pork
produced under Federal inspection
for the last three years:
THE PORK SITUATION.
Inspected Slaughter Only.
1920 1919 1918
Number
sIaugh'td 3s,Ols,ss4 E1,sl1. $50 H,oO7 ,Ssl
Ave. dressed
weight. 1sO.9s 1875 164.5a
Total dressed
products 6,424, ,397 7,O0J,99O 6,I96, Al
Storage be-
ginning
period $50, 252 SO9,SO 6SO, o3t
Storage at
end Of
PERIOD. sol sos $50, 2j2 sos, SOt
Increase or
decrease in
storage. -6S, $40 -l49, So +2l9, 2I(
Domestic eI-
ports' e, 1,545, ,637 =, ,645, 352 22OO, TSS
Apparent
consamp-
tioHs. 4,947, 4OS 4,5l0. go 4,32e, 3It
Thousands Of pounds. 900 omitted.
(CopyriKht, 1871, BY Washington Herald.
The Washington herald., 1921-02-17
Treasury Certificates
Are OUersubscribed

More than 100 per cent oversub-
scription Of the 81 per cent Treas
ury certificates maturing July - is
indicated by preliminary reports, sc-
cording to Treasury officials The is
sue. dated February 5. was for about
S1OO. .OOO. 900. while total sUbsCTip-
tions, the Secretary said aggregate
more than $2O0, 100000.
The Washington herald., 1921-02-17
NEW YORK PRODUCE.

NEW YORK, Feb. 16.-Butter
market active. frmer. Creamery
extras, 46a4Shc; creamery firsts,
4Sa47c: Creamery, higher scoring,
4Gl1a4shc; State dairy tubs. 2Sa45c.
Cheese market . irregular. State
whole milk specials, 2319a27c;
whole milk fancy, 22a25hc; whole
milk, lower grades, 12a211sc; Wis
consin whole milk fancy Young
Americas 27ka2sc; State skins
specials, 17ha1sc; skins, choice, 1;
al61sc; skins, fair to good, 1is
12c; skins, lower grades, Sa10c.
Eggs - Market weak. Nearby
white fancy, SOC; nearby brow0
fancy, 3sa40c;, extras, Ssc; firsts, q
a3sc. b
The Washington herald., 1921-02-17
Metal Market.

NEW YORK. Feb. l6.-Bar silver
domestic. 99iz cents. unchanged
foreign. 59iz cents. of = cents.
Copper. spot. February. March
and April. offered l3'. market dull
Tin CStraits shipments). January
February. February March. March
April. April-Msy, offered SO; marke'
weak.
Lead, spot. February. March, April
offered 40; market easy.
Spelter EAST St. LOuisl spot
February. offered 500: March, April
offered sos; market dull.
The Washington herald., 1921-02-17
More Parks Available.
NeU Shipping Connection
For Britain and EsthOnia

A new shipping service, under
the name British -Esthonian Ship
ping Line, has been established, ac-
cordng to the Baltic Review for
Jan Sary, 1921. The new line will
connect Reval, Baltic Port, Narva
and Pernau with Hull and New
castle. The Review states that 1t
is proposed to extend the service
also to London, Middlesborough and
other British east coast pprts.
The Washington herald., 1921-02-17

The cause OF the decline in the
number of hogs during the past
two years is found in he decreased
price. On January l, 1919, the
farm value of swine was estimated
by the Department of Agriculture
at S22.O2 per head A year later
on, January l. 1920, the value was
given as S19.O1 per head, while at
the beginning of 1921 the value
had decreased to $12.99 per head.
The cause of this fall in prices is
to be traced directly to the lack
of foreign demand. The following
table shows the exports of all pork
products from this country since
1913.
The Washington herald., 1921-02-17

total slaughter of hogs in the
country was found to be made up
of 5s.S6 per cent Slaughtered un-
der Federal inspection and avail
able for Interstate commerce and
export trade. The remaining ala
per cent is killed in local slaughter
houses and on farms and is con-
sumed within the State where 1t is
slaughtered. The Department OF
Agriculture reports each month the
total amount of pork produced un-
der Federal inspection. Assuming
that this percentage relation holds
in each year, it is possible to cal
culate the total pork production
and consumption in this country.
The following table shows the total
production of pork under inspected
slaughter, the estimated country
slaughter and the estimated total
consumption for the United States:
PORK PRODUCTION AND CONSUMPTION.
Total Production Aupsrept
The Washington herald., 1921-02-17
CHICAGO LIVESTOCK.

CHICAGO, Feb. 16.-Hogs-Fairly
active; lights and light butchers,
15a25c lower; others, 1oa15c lower
than yesterdays average; average
cost Tuesday, 1885; weight, 22S,
Cattle-Beef steers and stockers
and feeders mostly 25c higher. Top
beef steers, sfo.35. Butcher stock
steady. Spots higher on better
kinds, Veal calves slow, weak.
Bulls slow. steady.
The Washington herald., 1921-02-17
BRITISH EXPORTS
OF MAIN PRODUCTS
MATERIALLY GAIN
Report for 1920 Shows
Huge Strides Towards
Reconstruction.
HIGH PRICE FACTOR
Lowered Purchasing Power Of
Money Also Figures in Past
80
Years Favorable Showing.

ohcisl statistics OF the British
Board Of Trade disclosed that the
volume Of exports Of important
products manufactured in Crest
Britain increased materially during
1890. Exports Of various msnufsc-
lures which in 1919 had q range Of
from II to IS per cent OF their pre-
war volume mounted. last year, to
so, so and 100 per cent and more Of
the 1913 volume OF corresponding
exports.
The comparative figures, as given
by the Bankers Trust Company. Of
New York, are as follows:
Vslune Of BritiKk ETportI
The Washington herald., 1921-02-17
Foreign Business.

PoIand-At a recent conference of
Polish commercial, banking and in
6ustriaI representatives the finance
minister announced his program
which embraces the following pro-
posals: To develop agriculture to
lis highest point; to attend to the
needs Of industries, especially those
constructing railway materials and
manufacturing home raw materials,
such as oil, sugar, wood, and spir-
its. to remove many restrictions on
industries; to retain government
control Of coal, oil and sugar; to
create a credit organization to IA
eflitate purchase of raw materials
Txo guarantee facilities to foreign
[eapitaI. Regarding export, to re-
Il scind the obligation to pay in for
Ysf9n currencies. Regarding the Ia
)hor question, to do everything pos
Ible to increase production, and
among other things, to abolish the
too numerous holidays.
Austria-Negotiat are pend
ing for the participation of British
capital in the Anglo-Cester-
refchisehe Bank.
The Washington herald., 1921-02-17
Total Value of Exports.

Total Value of Exports.
Total value OF exports OF all ar
ticles wholly or mainly msnUfac-
tured in Great Britain in 1920 was
almost double the value Of similar
exports in 1919. These figures are:
1920. n.12O,731.79S: 1919, E6sl,4S4.-
.474: 1918. f4l3,S2O.t54. Allowance
must be made for high prices and
the lowered purchasing power OF
money in comparing the values in
1920 with those OF 1913.
The officisI estimate OF the weight
Of export products OF the United
Kingdom in 1920, exclusive OF coal
coke. etc, is lO.646.OOo tons. This
equals 20 per cent Of the weight OF
'l9l3 exports. In 1919 similar eX-
ports reached only 80 per cent Of the
1873 volume.
The Washington herald., 1921-02-17
Pork Production and Consumpt
.HhA- IL .nrtnA. L

Thousands of pOunds.D
Under the stimulus of the demand
for fats by the allies, our exports
of pork products had increased
from 1,36S,0OO,OOO pounds in 1915
to 2.645. 10000 pounds in 1919. The
exports for 1920 show a decrease of
more than 1000, 900. 900 pounds from
those of the preceding year The
failure of foreign countries to take
the amount of pork expected has
thrown a surplus on the American
market Although our consnmp-
ton has increased somewhat dur
ing. the past year, this was not suf-
fcisnt to take care of the surplus
production without affecting the
market
According to the 1910 census, the
The Washington herald., 1921-02-17

choice to fancy. 3sa42c. Geese.
choice to fancy, nearby 34a35c;
Western and Southern, 30a32c. Ca
pons, Z lbs and over, Soc; medium,
4sc; small size, 42c.