davidaulloa/AmericanStories huggingface dataset:
Evening star., 1921-06-18
SHARP DECLINES MARK
WEEKS COTTON MARKET

NEW YORK, June 1S.-There were
sharp declines in the cotton market
during the past week, with both July
and October contracts making new
low records for the season during yes
terday's trading. The price for Octo-
Der deliveries sold as low as 11.S6,
compared with 1899. the high point
of last month. and 1905. the previous
low record for that position. The
market held fairly well during the
earlier part of the week. owing to
scattering crop complaints and re-
ported prospects for an early settle
ment of British labor troubles.
These features failed to create any
general buying interest, however.
while there was a steady dribble of
July liquidation accompanied by re-
ports of further arrivals here intend
ed for delivery on contract. and the
less favorable British labor news and
renewal Of favorable crop reports.
Accarding to able advices received
today. the wage dispute in the Man
chester mills has been settled. but
British coal miners voted against an
acceptance of the terms proposed by
the coal mine owners.
Private cables. while noting the ad-
verse vote, said that the miners were
gradually drifting back to work and
that there would be further confer
ences. The census report showing
domestic mill consumption of 439.SS4
bales for May, was slightly above
the forecast. but was not regarded
as justifying.
Evening star., 1921-06-18
COTTON MARKETS,

NEW YORK, June 1S-'onfuSing
reports concerning the British labor
situation had an unssttling effect IN
the cotton market again today. but
promoted evening up over the week
end. Following yesterdays severe
break this included d good deal OF
covering. while trade buying was also
reported. and early irregularity was
followed by rallies with the market
showing pretty steady undertone
during the first hour. After opening
barely steady at "A decline of ; TO 10
points active months sold about S to
. points net lower. with July touch
ing lI.O7. or new low record. The
market then rallied with July selling
up to 1l.36. while October advanced
from 1870 TO 12.19. with active months
generally showing net advances of
IA to II points.
Futures opened steady, June. 11.l0;
October. ll.90: December. 12.i2; Jan
Iary. 12.57: MARCH. 1895.
Futures closed easy. July. 11.2+:
| october 12.0a; December. 12.55; Jan
.:ary. l27l: March. 1906
Spot cotton quiet; middlinE. 11.io.
NEW ORLEANS. June 1s.-Whil"
trading around the opening today
brought further depressions to cot
ton the decline did not last long after
the receipts of Information that there
/, was Il chance that the British coal
miners would return to work. Heavy
realizing started among shorts and
rom declines of 10 tc IA points be-
'ow the clos" of yesterday the mar
ket rose to advances of IS to y points
,borc. July traded down to 1851 and
then reacted to 1888.
Futures opened steady: July. 1oJl
October. 1l.33; December, 11-So: Janu-
nv. 1875: March. 1o.2S.
Futures closed steady at net ad-
| yauces of to Il points: July. 1917:
| October 1855: December, ZOO; Jan
uary. 1o13: March. I2.41.
Spot cotton, quiet and unchanged:
sales on the spot. none: to arrive.
none: low middlng, S.5h: middlinE,
1915. good middling. Zoo.
Evening star., 1921-06-18
FOUR on RETIRED LIST.

Coils Lucien G. Berry. field artil-
1ery. and Charles H. Paine. infantry.
have been placed on the retired list
on their own application after more
than thirty years active service. Col.
Berry is from New York and was
graduated from the Military Academy
in July, 1886. He reached the grade
Of colonel on March, 1913, and was a
brigadier general in the National
Army in the world war. Recently he
has been under treatment at the
General Hospital at Hot Springs, Ark.
Col. Paine is on duty with the Penn
sylvania National Guard at Philadel-
phia. A native of Vermont he was
graduated from the Military Academy
in June, 1895.
Lieut. Col Frederick 3. Hennessy.
field artillery. who has been under
treatment at Walter Reed General
Hospital, and Maj Richard B. Clark,
Denial Corps. who has been under
treatment at Fitzimons General
Hospital. Denver. Col. have been
transferred 10 the retired list on
.atcount of disabilities incident to the
Service.
Evening star., 1921-06-18
ADVENT OF SUMMER WEATHER
STIMULATES LINES OF TRADE
Town and City. Merchants Report In
creased Sales.--future of Strikers Gives
Impetus to Building.

facturers in all lines are increasing
efficiency and cutting cost Of produc-
tion by every scientific m. ans.
Steel continues dull and while re-
mand is on the horizon. it is not ex-
pected in the immediate future.
Recognizing this fact. important ad-
justments were put into effect in steel
plants throughout the country at the
close Of the week. The new schedules
practically eliminated the wartime
practice of overtime payment. and
numerous independents have reduced
salaries.
ConI Fnrex Better.
Coal. while not in great demand,
Jared somewhat better than in recc mt
weeks, but excess Of production over
demand caused sweeping cuts in oil
prices through the east and middle
west The state authorities of Okla
homa have taken action to relieve
overproduction and producers are ex-
pected TO take effective means TO re,
adjust conditions in the midcontinent
field The decrease in the price of
gasoline, however. has been hailed
with JOY by merchants and shippers.
who anticipate decided saving in de-
livery by truck as result.
Metals are stagnant, with only nom
;nal demand beyond present stocks.
Demand for hardware showed slight
Improvement. but still is far from
normal. The slump in sugar has re-
suited in closing of many retincries.
Lumber is inactive. although ship
ments from the west are broadening
out. The fruit crops SO far have been
disappointing to grow IS. because
where crops were light they were
forced on an unfavorablc market. and
where they were heavy. they exceeded
demand, with consequent low prices.
Cotton Stimulated.
ON the other hand. increased demand
from Germany and other European
countries has stimulated cotton
Leather prices hold firm and the mar
ket is sound. if not AS broad "a might
be wished.
Shoe manufacturers are busy anG
many makers of clothing are opcrat-
ing at capacity. Brick manufacture
has taken on new lease of life. Tn.
textile industries are fast rcroN crinG
and the demand for jewell; l.; both
strong and widespread.
Money is easier and collections arr
better. While business has been spotty
there are many healthy spots and th'
remainder seem 20 be yielding Il
treatment.
Evening star., 1921-06-18
BEARS PICK CHEAP
RAILS FOR RAIDS
Pressure Extends as Session
Advances-C. & O. Again
Defers Dividend.
by STUART p. WEST

NEW YORK, June 1S.-Speculation
for the decline shifted its attention this
morning to shares of the so-called
in New Haven. with the appearance
Of large blocks of stock pressed for
sale at new low record prices. Nat
urally this revived the unfavorable ru-
mors which have been circulated every
time in the last year or so that New
Haven stock has broken.
The point was made against the
weaker rails tina. The relief proposed
from the wage reduction may not be
sufficient to tide some of them over
the present period of depression. On
the strength ot this argument the low
priced railway group were offered down
all around. and the demonstration fin
ally involved dividend payers like Penn
Sylvania, Canadian Pacific. Reading and
New York Central. Chesapeake & Ohio.
not having fully discounted the second
postponement OF its dividend, had an
ether bad break.
Among the industrials there were the
usual collection of individual weak
spots. Among these were some of the
low priced oils. particularly Sinclair and
InviRcible: Harvester, American Suma-
ira and Coca Cola.
But the market had precisely the
same characteristic as on previous days.
namely, that the extreme weakness in
these speciaitieS did not upset the gen.
cral list.
Sterling exchange was a bit higher.
but dealings were of no Importance.
New Haven's slump.
Breaking to 14a4. New Haven stock
established Il new low record for the
year. and this meant new low for
all time. The decline did not have
the appearance of a bear raid pri-
marily. 1t occurred on uncommOnly
large transactions.
In the balance sheet at the close of
1920 New Haven showed il profit and
'loss deficit of S3l.S2i, 900. and here is
the main trouble.
New money is badly needed. and it
is. of course. impossible for New Ha-
ven to float new securities on any but
eXorbitant terms. Interest is due on
s3S.O00.O00 convertible debenture s
per cent bonds in July. and it was this
which formed the principal topic OF
discussion today.
Sinclair OIL.
Sinclair Oil was one of the stocks
selected as special object of attack
this morning. The idea is that this
is one of the companies which could
not write down its inventory and
charge off for depletion and deprccia-
tion and show any balance to the good
from current earnings.
Evening star., 1921-06-18

NEW YORK. June 1S.-Some con-
valescent lines of trade were able to
sit UP and take nourishment today.
and some have been discharged from
the hospital Of liquidation practically
on their feet again. There were some
lines. it is true. which suffered
slight relapse this week. but all are
undergoing treatment which it Is as
sured will bring improvement and
final recovery in the not distant fu-
ture.
Business dispatches and official re-
ports received here within the last
twenty-four hours make it evident
that instead of suffering from the ex-
pected slump of the hot days retail
merchants were met with an unex
pectcd rush of business in numerous
lines which sent them scurrying to
the jObber and manufacturer to re-
plcn:sh stocks. This Was especially
marked in the cases OF merchants in
the smaller communities. although big
city retailers did a tremendous busi-
ness in certain lines. notably summer
wearing apparel.
Farmers and StOckmcn Helped.
Helping hands have been held out
to the farmer and the stock grower
by the bankers and the immediate
financial difficulties of the producers
are in a fair way to be relieved. The
banking pool for assistance to cat
tlemen is well under way.
Sheep growers in various sections
have been assured of three and four
, month loans equal to what the wool
/ buyers are willing t" advance on the
wool clip. SO that tine grower need
not sell his wool at present prices.
Wool prices. however. have shown a
Slightly stronger tone this week
Farmers are assured of sufficient
cash to finance the harvest now un-
der way. and so far there has been
an adequate supply of labor in tn
harvest fields.
Emerging From slump.
! Return of thousands of workers in
the building trades, either pending
arbitration of wage scales or with
, acceptance of wage reductions. nas
given an impetus to building con-
struction and it's complemcntary lines
of business although no great mo-
mentum has yet been gained.
The tire industry seems to hav.
emerged from its slump with iiduida :
tion of high priced invcn: ~. Manu
Evening star., 1921-06-18
CUT ALLOTMENT !.
OF SUBSCRIPTIONS
Secretary Mellon Received
Bids for Nearly $500, ,000.-
OOO-CaIIs for Cash.
BY I. A. FLEMING.

Early estimates made by bankers of
an issue of $500. 100000 certificates and
short term notes proved to be very
nearly an accurate forecast. as the
total allotment was $so5.315. 800. while
subscriptions were made for $1SS. 007 900.
1t is evident that the subscriptions
would have been larger had the Secre-
tary OF the Treasury offered a larger
amount of securities.
The condition Of the money market
makes conditions ripe for the fiotation
of government securities. The conserv-
ative investment community is seeking
Just such opportunities. and it is doubt
full il the Secretary of the Treasury
will find a more opportune time to do
financing than the present.
Call loans were offered at ) =. per cent
and in the open market money at nearly
] per cent better than these figures was
available to borrowers. TIN" demand Is
extremely light, and the truth of fire.
quent and reiterated statements in this
column regarding the secondary position
"f the money market as compared with
lack Of confidence in the stock market
decentralization.
The June Is sale will give the Treas
ury a clean working margain OF over
100000. 900 and carry it over the fiscal
years end going strong.
Calls for S:3,7OO.OOO.
Secretary Mellon this morning called
upon all national banks holding proceeds
of the certificate sale Of May 10 to pay
into their respective federal reserve
banks the full amount of such balance
fby Tuesday Of next week. The original
amount of this issue was $256.1iO.O0O.
Banks were allowed to retain con-
siderable part of it for two weeks and
some of 1t for over thirty-two days.
Division Of the most recent Offering
was s311.191.6 500 three-year notes and
iS314 4.1S4.000 one-year certificates.
Steel Production. 20 Per Cent.
1t is stated that the steel industry
lis now being operated at 20 per cent
.>of capacity production. the lowest ra-
tion in the last twenty-five years. 1t
seems to be a case of the basic indus
itry waiting for the betterment Of the
railroads condition, and of the rail-
roads waiting until such time as they
can see their way to make appropria-
tions for the needed upkeep and
equipment.
No one believes that the railroads
are appropriating enough for mainte-
nance: every one understands that
equipment is inadequate and that
work of hundreds of thousands in up
keep, with the assurance that the
time must come when the cost will
/. mount and factories De busy making
athe needed bettermentS. il the rail-
roads Of the country are to be saved.
: Personal Mention.
r. y. Harper addressed the Virginia
State Bankers Association at Hot
Springs. Va. last night. His address
was hopeful in tenor.
Corporate Maturities in July.
Railroad bonds to the amount of
ss69.366.100 mature with July: indus
trial bond maturities total s30.5ls,200.
and public utility bonus. SI0.525.S60.
"a total maturity of $370,209.960 boads.
Evening star., 1921-06-18
TRADE CONDITIONS,
NEW YORK, June 1S.-Dun

NEW YORK, June 1S.-Dun's re-
view of trade says:
THE repression of business actiyi-
ties is not unnaturally accentuated in
various quarters as the half wear
nears its ending. Preparations for
inventorying and other accounting
begin to occupy attention and an
preaching holidays and vacations also
have quieting influence. These are
factors which are always present at
this season!~but which have Il more
conspicuous effect during periods of
commercial reaction.
More than year of readjustment,
with steadily falling prices, has
brought certain trades to. the point
where some revival along conserya-
tive lines has been possible. but the
hoped-for general recovery is still
deferred. While the recent large at
tendance of buyers in some markets
has been encouraging. operations
nave been mainly confined to. imme-
diate or nearby requirements. and
have not been of sufficient magnitude
to prevent further increase of idle
machinery in some industries. Week
ly bank clearings, $6.54S.179,090."
Evening star., 1921-06-18
Must File Capital Stock
Tax Returns Not
Later Than TuIy 81.

Capital stock tax returns must
he flied with the collector Of
Internal revenue not later thnn
July 81. covering the period
ending June 10, I02c. Failure 10
file this return subjects the
corporation 10 severe penalties.
Collector Joshua NiIc%. for this
district. says thesthe return II
due. with n few very limited rx-
ceptiOns. from all corporations
and no company IL snfr in ms
sUmfnE that the form will not
be- required Of 81.
The tax must be pnid on cach
full 81 1000 I'm eNccss Of S5.OOO of
the fair value of the cnpitai
stock.
There are approximately
5.lCO corporations in MaryInnd
land and the District Of Column
bi1 which flied returns last year.
Evening star., 1921-06-18
SHOTS SINK DEUTSCHLAND
Famous Submarine Which Made
Trip to q. s. Destroyed.
By the Associated Press.

The former German supersubmarine
Deutschland. which in 1916 slipped
into Baltimore harbor from Germany
after daringly running the GAUNTLET
of British and French cruisers stand
ing guard on the Virginia capes. was
sunk by gunfire today during target
practice. The submarine had served
as a target for a series of submarine
attack experiments carried out by
the French armored cruiser Gueydon
and was sent to the bottom seven
miles off shore. Seaplanes lowered
over the scene, taking photographs
Of the different phases of the attack.
Evening star., 1921-06-18
DIVIDENDS DECLARED.
Am, La France Fire Eng. O..
OUTLOOK FOR WHEAT.

CHICAGO, June 1S.-The Modern
is making good progress, although in
sections of Oklahoma wet weather
has interfered. While rains at filling
time improved conditions in the south
west, the crop did not stand SO well
in eastern portions of the belt. and
indications are that the final yield will
not be much better than the last Off
cial estimate. Quality Is irregular.
Some loss in spring wheat's condition
is noted. In a number of sections in
the Dakotas submoisture is deficient.
Some sections in Canada are menaced
by locustS."
Evening star., 1921-06-18
BRINGS GERMAN TOYS.

BALTIMORE. June 1S.-A large con-
signment of German-made toys was
included IN the cargo OF the American
steamship Mount Seward. which ar
rived here from Hamburg. via New
York. There was aisc large quanti-
TICS of paperwarc. hollow ware. hard
ware. rarthfnware. woodenWarc.
baskets, paintings and
artificial flowers from Germany Th.
steamer is scheduled to sail for re-
turn trip to Hamburg June %. and
Will carry grain, oil. copper. tobacco
and relief goods.
Evening star., 1921-06-18
D. C. SHRINER HoN0RED.
F. Lawrence Walker Chosen Head
of Recorders Association.

At a meeting of the Recorders AS
sociation now in convention at the
forty y-seventh annual session Of the
Imperial Council of the Mystic Shrine
at Des Moines. Iowa, F.. Lawrence
Walker of Almas Temple. this city
was unanimously elected president of
the organization. Delegates from
every temple in North America are
represented in the association.
Evening star., 1921-06-18
YALE ALUMNI Thanked.
Resolution Expressing Gratitude
Sent to Association Here.

The president and fellows Of Yale
University meeting recently in New
Haven adopted the following resolu-
fion and directed the secretary to
transmit a copy to John J. Cameron.
secretary of the Washington Yale
Alumni Associations:
Voted to direct the secretary to ex-
tend the thanks OF the university to
the members Of the executive commit
tee and the officers of the Association
Of Southern Yale Clubs and to the
secretary Of the Washington Alumni
Association. for the success which at
tended the first meeting since the war
of the Southern Yale Clubs in Wash
1ngton."
Evening star., 1921-06-18
LONDON WOOL ACTIVE.

LONDON. June ls.-At the wool auc-
tion sales ] 1.lS6 bales were offered II
was a good sale. Current rates were
paid for all fine medium sorts. Lower
grades met with better sale, as
easier quotations improved th, de-
mand from the continent. Purchases
for the home trade We're moderate.
The sales close today.
Evening star., 1921-06-18
COTTONsEED OIL FIRM.

NEW YORK. June 1S.-Cottonseed
oil closed firm: prime summer yellow.
$50 bid: prime crude. SIS bid: June.
80; july 1.55. August. 80: Septem
bcr. I.S5: October. 1.SS: November
10: December. 7.15: January, 1.15
Total sales. $500.
Evening star., 1921-06-18
LIBERTY BOND CLOSING PRICES.

NEW YORK. June 1s-Liberty bonds
clcsed-3L.s. $40; first AZ, $3.50:
second 4s. 1856: first a $, s7.52: Sec
ond AIS. $3.50; third 4As. 91.46:
fourth Ans, s6.ss: victory SAs. 1886;
victory 4%s, 1888.
Evening star., 1921-06-18

The first Burman woman to secure
a college training was DR.. Ma Saw
Sa. who is now head of the Lady
Dufferin Maternity Hospital. in Ran
gOon.
Evening star., 1921-06-18

Present stocks of raw cotton in
faDan are estimated at about 100000
bales. OF which $1,000 bales are Amer
lean cotton.
Evening star., 1921-06-18
TODAY'S BOND PRICES.

Noon prices reported to The Star over direct
New York Washington wire BY Redmond & Go.
Evening star., 1921-06-18
CURB STOCKS.

Quota tions furnished by W. B. Hibhs 4 Co.
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1921-06-24

Uriah, her eyes melting with tender.
ness, arose and stood looking at the
Pendlehaven brothers.
'Alr Paul, she said in a low voice,
don't You remember meT'
Paul looked her over with no sign
of recognition, and his brother turned
asoy from Reginald to observe this
new development.
oNo," said Paul, and he shook his
head.
Never mindl That don't marerw
was the reply, "but I'll make a dicker
with you. You give me my man for
keeps, and FIR give YOU your girl,
Caroline. I'm Edith 1Indil"
You could have heard a pin drop, so
1aep was the silence All We're look
ing at the haggard woman, facing Paul
Pendlehayen, who was rising instead
ny.
"Give me my man." she repeated.
Don't send i'm to jail, and I'll give
! you your girl"
Doctor Paul had become so white
that his brother went to him and flung
an arm across his shoulders.
Are you lying2" he Numbered at
Edith. Gift Sit down, Paul.
Let me"
where's my baby2" quavered Paul
Pendlehaven.
Does my Uriah go free, scot-free2"
questioned Mrs. Devon.
Eyes, yes" consented both brothers
at the same time
Tony had dropped to the floor. Now
that little Caroline had been found
she could no longer be a PendI@haven
daughter. Edith went to her and knelt
beside her.
"Here she Is, sir" she said in husky
tones, lifting a fearful face to the
men, "and you couldn't have a finer
girl In the world. amt goin' to say
for you to forgive me, sir, but you've
had 'er over two yearsl Now, gimme
Uriah, and We'll 60"
Tony threw her arms around Edith''
neck. What a change two minute,
and a few words had made She
seemed to have taken on a new dig
nifty as, with shining eyes, she said t
Paul PendIehaven
"Tather, darling, whatever It wat
that separated ts, l want, on, how
want TO do something for the ohl,
mother I've ever known"
Of course, Doctor Paul consented
he even did more. He got a promis,
from the confused Uriah that he''
Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1921-06-24

As
turn his back on the old days and
old ways, and begin again with such,
aid as the Pendlehavens would give
him.
While Doctor Paul was Settling the
fate of the De3ons, John PeSdlehayen
had been sizing up the Curtis family,
They were grouped together, clinglng
10 each other.
"Reggle," he calculated, II reckon
you did good job when you stopped
Devon with a bullet last night. AS
for you, Sarah, you and your children
aren't safe to have in the house,
Herel" He stretched forth his hand
and offered the five thousand dollars
to her Here's your money. Now
20, and take Reggie and Katherine
with you"
Mrs. Curtis was so utterly overcome
that she could do nothing but sob but
Katherine took the bills from the doc
tors hand and turned to her brother.
Come on, Rege," she muttered,
Help me get her out of this. Wa
better GO" She pinched her mothers
arm spitefully. Get up, mother.
Quit that crying, and come on"
The others watched them leave the
room, and then Mrs, Devon spoke up :
"We're next, RiahI And we're ever
lasingly grateful to you, Doctor Paul,
and you, Doctor John, for lettin' US
90. Amt we, RiahF
Devon Strengthened up from his
chair and grinned sheepishly.
"That we be-" he agreed, land I'll
try to show it,
That evening when Tonntbel and
Philip were alone together, the young
man said chokingly you don't for a
moment imagine l ever believed yoS
did that thing, darling? | went away
because I thought you didn't love me
any more, that yea never had loved
me. You don't think-any other way?'
mo, dear" she answered gently.
mo, Of course not!'
The boy pressed her to him, and,
as they whispered so low, no one could
hear anything, there isn't another word
TO reco'', except that TOnnibel Pen
dlehaven had everything the world
could give one litt% girl.
1.-THE ENID