davidaulloa/AmericanStories huggingface dataset:
Evening star., 1922-06-10
Commodity Reports
From Various Sections
Rubber.

AKRON. Ohio. June 10 (SpeciaD.-
Unemployment practically has disap-
peared in Akron and rubber COM
panies are shorthanded. Goodyear
has planned a daily production of
$4,000 tires. but has been unable to
reach that figure because Of skilled
labor scarcity.
Automobiles.
DETROIT, June 10 (SpeciaD Raw
materials and finished parts are be-
ing used UP So fast by manufacturers
of motor cars in this section that in
ventories are being reduced to a
dangerous minimum. Any stoppase
in supplies would throw many men
out of work, it is feared.
Steel.
CHICAGO, June 10 Especially Steel
production in this district still is un-
able to keep pace with demand. The
bar mills of the United States Steel
Corporation are running at capacity
and another mill may be added soon.
KANSAS CITY. June 10 (SpeciaU.-
Advance in price of Pennsylvania
crude oil. 1t is expected. will be fol .
lowed by similar increase in mid
continent field, according to OF!
operators.
ATLANTA, June 10 (SpeciaD.-R Ill
officials estimate that watermelon
crop Of Georgia has been reduced
from $4,000 to $4,000 cars by rainy
weather. and that cantaloupe yield
probably VIII not exceed 1900 ears.
as compared with an expected yield of
800. Should this estimate prove
correct it is proba BILE that prices of
melons will be far above last sea
sons level.
SEATTLE. June 10 tSpeciaN Raw
silk imports from the orient TO this
port for first five months of this year
were 6o.9lS bales. This had GUS
toms valuation OF S6l932.531 Silk
goods imports for last five months
We're 3.S0S cases. valued at $685.. go
ST. LOUIS. June 10 tSpeciaD -
There has been heavy investment of
funds in building operations this
week. and this tendency of capital is
an outstanding feature of the fnau-
cial situation in this section. Loans
on commercial, industrial and Office
buildings are larger and more numer-
Gus than in normal times. The de-
mand for money for realty invest =
ment is extremely strong, but the
supply seems to be unlimited. Build
ing of dwellings both by persons who
expect to reside in them themselves
or who build for speculation is goiu z
forward at a big rate.
Evening star., 1922-06-10
BY ]. C. ROYLE.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, June 10.-When the
line forms outside the paymaster's
window on Saturday after this thou
sands of men are going to have
bulkier envelopes passed to them. In
creases In wages in many and widely
separated sections of the country
have been the outstanding feature of
the industrial situation during the
past week. Such increases have not
been confined to skilled, semi-ekilled
or clerical employees. They have been
/ received mainly by unskilled work
men.
Irrespective of any wage reductions
which may be suffered as a result OF
rulings of the Railroad Labor Board,
the volume OF wages paid out every
saturday and on which. to large
extent, the volume Of business done
by retail merchants throughout the
country depends. bids fair to increase
steadily throughout the summer.
Shortage of Labor.
These wage increases. announced
mainly in the steel and manufactur-
ing industries have not been made
have they been made enthusiastically by
employers. Industry needs more men
and the surest and quickest way to
get and keep them has been to in
crease wages. There still remains a
shortage of skilled, semi skilled and
unskilled labor in the WOOL the
steel mills. the harvest fields and
some of the factories. This demand
10 some degree is absorbing the sur
pus labor willingly idle as result
| of the mine workers strike.
TIE textile workers, idle througa
abor troubles still stick close to the
mills, where they were formerly EN-
, ployed. The reopening of some Of the
those who wished to return to work
| on the employers terms was not sue
cessful in producing large desertions
| from the ranks of the strikers, but
the advance in the price of cotton
with inevitable effect on cotton goods.
Is bringing employers and employees
gradually closer together.
! Averages Continue to Rise.
Lines of averages are continuing to
rise. Evidence to that effect is pre-
fented not only by business dis
patches received within the last
| of the United States. but from the
| monthly and quarterly statements to
their stockholders OF railroads in
dustrlal corporations. producers of
raw materials. manufacturers of fin-
| ished products and distributors of the
same. There are few outside of those
who have been using business depres-
| sion as an alibi to account for their
! own inability to meet present day
conditions and competition. who can
not or will not realize this trend OF
| events.
| The sugar business showed more
| radical Improvement in the last few
days than il has exhibited since the
torium in Cuba attacked the industry.
Cotton Hopes Higher.
Cotton districts continue to notch
| their hopes higher SO far as prices
are concerned and some well inform
! ed authorities feel that the inflated
| expectations will not be fully realized.
The craze for radio outfits has suf-
fered a slight setback. but this is
Evening star., 1922-06-10
EXTREME DECLINES
FEATURE MARKET
BY STUART r. WEST.

Special Dispatch to The Star.
NEW YORK. June l0-The whole
point of interest in the stock ex-
change position today was how FAR
the reaction would have TO go before
undoins the excesses of the pool
speculation during the last two
months. Outside considerations scarce
" entered in at all. The money mar
ket was certainly further away than
at any time from any suggestion OF
restricted credit facilities. Taken by
and large the Weekend mercantile
reports We're the brightest of the
wear so far The adjournment of the
bankers conference at Paris for three
months. postponing for that length OF
time any further discussion of a Ger
man loan. was Il disappointment. sun
II had been anticipated. Even In the
exchange market, most sensitive 10
development in international finance,
there was very slight response to the
news. French francs continued to
sag. but the loss was slight.
Another outburst of selling fol-
lowed the opening of the stock mar
ket For n quarter of an hour or so
this had an unsettlins effect. Then
efforts were made quite evidently TO
stop the downward movement. Sup
porting orders made their appearance.
not in a general way, but in certain
stocks. notably the oils and the steel
shares.
\ sharp recoil in Mexican Petro-
leum fitted in with the opportune dis
cOVery of another new 30 600 bar
rel" we'll Other oils in which pools
have been actlve-AIarland. Sinclair
and Cosdeu-rallied rather more
easily than the average of the list.
Sugar stocks We're steady. but the
stocks involved in the three-COInpany
steel merger did not reflect to the
extent that might have been antici-
pated. the statement by the Lock-
wood committee counsel that he con
sdered the new capitalization con-
ScrNatiNe.
Evening star., 1922-06-10
TRADE CONDITIONS.

NEW YORK. June 10.-Bradstreets
weekly review of trade says:
Retail trade Is better. this being
reflected in more confident buying by
retailers. who show more disposition
to buy for the future: the industries.
especially iron and steel and automo
bile lines, are more active; building
has taken another surge forward ::
factory activities in shoe and leather
making have enlarged at the east.
while being pushed to capacity at
some western points. being stimulted
by higher hide prices; crop reports
have improved. more especially those
as to the big surplus food staples, and
additional measures of monthly indus
trial movements received go to con-
firm the idea that May saw a very
pronounced forward step.
All these Developments. it should be
remembered, have occurred in the
face of a so per cent tieup in all coal
mining and of the threat of Il pos
sible strike on the country's railways
by what might be called the auxiliary
classes of railway labor.
Weekly bank clearings, s7,302.47o,-
600.
Evening star., 1922-06-10
LEATHER BAG NOVELTIES.

NEW YORK, June 10.-ln keeping
with the slogan of summer merchau-
disc for summer use, one or the
manufa cturers of women's handbag
here has put out bags in novelty
feathers that initiate very closely
linens and fancy ginghams, and that
match dresses made of those fabrics
The bingham effects, which whole
sale at s24 a dozen, are made in seN
eral variations of the popular meloa
shape. are lined with material a.
a bright color contrasting with tho
exteriors. and have SELF handles
some of them are made with filigree
frames in green gold. The linen
bags. which sell from s27 to $50 a
dozen, according to their size and
form. are also produced in a mum
her of shapes in solid-color effects
in blue. gray and brown leather. All
of the bags mentioned are fitted.
Evening star., 1922-06-10
CANS EARNINGS.

NEW YORK. June 10.-The apprecia-
tion of nearly twenty points in Amer
lean Can since the first of the year is
apparently based OH improved earn
ings of company. compared with 1921.
In one quarter it is stated :hat in
come before interest charges in first
quarter of 1922 was close 10 $4,000. .O00,
compared with deficit of $4,000 in
corresponding period last year. Bet
terment in earnings has naturally
caused a revival of talk of dividends
on common, but it is felt in some
circles that the company will ma
terially reduce its funded debt before
beginning payments on junior capital
issue. o..
Evening star., 1922-06-10
READING REPORTS GAIN.

PHILADELPHIA. June 10.-An in
crease in net revenue from railway
operations of s11.229.404. as compared
with 1920, is shown in the annual re-
port of the Philadelphia and Reading
Railway Company for year ended De-
cember 81, 1921. despite fact there
was a falling off of more than Sl0.-
600, 900 in total operating revenue.
The report was made public last
night Increase in net revenue was
accounted for by a large reduction in
operating expenses. Total operating
revenues in 1921 were $S4,924.227.
compared with s94.S19.755 in 1920.
After payment of operating expenses,
taxes. hire of equipment and rentals.
the net operating income was s12.-
S05,667. against a deficit i'll 1920 of
S655,10
Evening star., 1922-06-10
TROPICAL SUIT SALES BIG.

NEW YORK. J1,ne 10-Sales of mo-
hair and tropical weight suits have
made up a large portion of trade in
mems wear recently. 1t is still very
early in the season. hut number of
retailers say sales of these garments
greatly exceed the quantity disposed
of in the same period last year. Both
manufacturers and retailers look for
Il big season. The aim of the current
sales compaign in this type of cloth
ing is to sell the customer two suits
instead of one. \ price for two suits
is featured. and the advantage of
having both a light and dark mo-
hair or tropical is explained. 1t is
said that the adoption of this idea
has helped materially in increasing
sales volume.
Evening star., 1922-06-10
DIVIDENDS.
SPORT SKIRT RUSH ORDERS.

NEW YORK. June l0.-Now that
rush vacation time is only a few
weeks away. retail buyers are send
ing in orders for sport skirts that
in many cases specify rush deliveries.
Demand for white skirts is said 10 he
especially strong, particularly in
flannel. plain and novelty satins.
ratine. etc. Models developed IN
cIepes. angora, eponge and home
spun materials are also in wide IA
vor. Checked and striped skirts in a
variety of materials are moving we'll.
from all accounts. Simplicity is the
rule. both in line and trimming. Sim
pie button and pocket treatments
lin many models. while other make
use of pl"ats to add To their attraC-
tiVeneSs
Evening star., 1922-06-10
WEEKS FINANCIAL MARKETS
REFLECT TEXTREME POOL ACTIONS
Sharp Break in Stocks Reveals Abuse Of
Easy Credit Conditions and Over
Discounting Trade Recoveries.

| governments October report. The
| estimate of 6.50O.000 bales as the total
| of the 1921 crop was completely falsi-
| fed in the end. The actual yield was
approximately 100000 bales But
| the astonishing thing is that calcula-
| tions Of demand and supply should
have absorbed this large addition 10
| last years crop. as 1t appeared in
October. 1921, and should have fixed
as the proper selling basis upon
| eight months ago.
To justify this 1t must be shown
either that consumption has increased
| or that supplies actual and prospec-
/ tive, have considerably decreased. As
| matter of fact, consumption re-
! quirements have been restricted dur
ing the last six months by strikes at
the New England mills. and while
| exports OF cotton have increased, il is
not expected that world supplies will
| get down to normal before midsum-
| mer.
Wheat Market Adjustment.
The wheat market is in a very diff
| ferent position. Prices during ihe
! last week touched the lowest since
| midwinter: they completed a loss Of
| fully three-quarters of the entire rise
| since January. This decline WAS the
markets adjustment to the disCOve ry
, that. after all. the 1922 crop WAS not
/ gong 10 De snort, as was IOrtCdsltu
up to two months ago. The govern
ment figures for June for"sha dowing
combined winter and spring wheat
| harvest of S5i.060, 000 bushels - an
outturn well above the average
showed that this revision of opinion
| was very necessary.
! But just as the cotton trade IS in
! danger of placing TOO much depend
! ence upon a possible new crop de-
! ficiency, so the grain trade is not un-
likely TO exaggerate the importance
( of the increase III the new crop iId!-
/ cations.
! The sharp break in stocks at the
close OF the week came after re-
I peated proof that the market WAS no
! longer responsive to falling money
/ rates and cheerful business reports
/ II was plain enough evidence that
| the Wall street pools had carried their
| activities to an extreme in the cam
| paigns of April and May. abusing tha
! opportunities afforded by the easy
! credit conditions and over. srn..u.
! ing the trade recovery both that
| which had occurred and which was
| likely to occur.
IGopyrirht 1922
Evening star., 1922-06-10
VACATION DRESSES MOVING.

NEW YORK. June IO.-With ap-
proach of end Of school year an i'm
proved demand has been noted here
for play dresses for little girls. The
most active call Il is reported. is for
so-called bloomrr dresses. Bulk OF
demand for these is for sizes run
ming up to eight and ten years al
though good business is also re-
ported in the twelve-year- size.
They are made of gingham, cham
bray and other fabrics of a sturdy
nature, with sprinkling of Gre
tonnes In the other types of dresses,
dimities organdies and swisses have
been selling well. SO far. colored
play dresses appear to have done
better than white ones. In the
"dressier" models. however. whites
show up strongly.
Evening star., 1922-06-10
NEW YORK RESERVE BANK.

NEW YORK. June 1o.-The state
ment Of condition of the Federal
Reserve Bank of New York at the
close of business June : shows:
Total gold reserves. S1.111 .S9s. 500 "a
total reserves. s1.l96.295,2j3 bills
discounted. secured by government
war obligations for members. S23.-
214.49..65: all others. Sl6.O2S.e20.7S;
bills bought in open market. $37.-
910,455.41. total bills on hand, ST.
2l3.113.90: total earning assets. S269.-
04l.423.90: uncollected items. Sl0l.-
154.046.13: due to members. reserve
account. s743.lSS.45S.04; total deposits.
s713.126. 1853: federal reserve notes
in actual circulation. s520.152,3 ,312;
ratio of total reserves TO deposits and
federal reserve notes liabilities COM
bined, $50 per cent.
Evening star., 1922-06-10
BIG GAME CAPTURES.

REGINA, Saskatchewan. juno -
The total number of big game ami
mails taken last year in the province
compared with 2200 in 1920. Last
year there were but 400 moose cap
tured. as against 1900 the previous
year. Season for prairie chicken this
year will be for a month instead of
the customary two weeks. and the
shooting of partridge, prohibited for
many years, will be allowed. Beavers
are becoming so plentiful in the
northern part of the province that
the council at Dundurn has decleared
open season on animals.
Evening star., 1922-06-10
HEAVIER PAY ENVELOPES MARK
WEEKS INDUSTRIAL SITUATION
Wage Increases in Many and Widely Sepa-
rated Sections of Country-Strike
Conditions Clearing Up.

attributed to the fact that the warm
weather has drawn the public to out
door rather than indoor attrac-
tions. and large manufacturers, well
financed. are preparing to meet an in
creased demand for equipment in the
fall.
The metal trades are extremely
active and the mines are finding new
markets for their products in the
paint and roofing trades.
Railroad shops all over the country
are showing increased activity and
larger pay rolls. for the railroads are
fighting for freight and finding
freight to fight for.
Evening star., 1922-06-10
WOOL PRICES MAINTAINED
Sellers Are Unwilling to Max
Slightest Concessions.

BOSTON, June 10 tSpecfaD.-CoH.
siderable foreign wool is being takei
out OF bond here. Prices were MAIN
tainsd today. with sellers unwilling
To make the slightest. concessions
New York. ohio and Pennsylvania
d-laines were more active. VIII
prices ranging from 50 10 % cent?
for New York and Michigan and from
81 Ia IS cents a pound for Ohio ant
PeunsylvaEi3 clips.
In the west the new clip is moN!ni
steadily, with no break in prices.
Evening star., 1922-06-10
DRY GOODS ACTIVE.
Traders, However, Are Inclined tt
Act With Caution.

NEW YORK. June 10 Especially Il
good volume Of business was in evil
dence in the cotton cloth market to-
DAY. but much of il was due to COW
rriug operations over the week end
In the present state OF the raw cot
ton market traders were inclined Il
act with caution. Prices maintained
their better tones, especially for th'
vida print cloth constructions. Sheet
ings also were strong. but trading II
paiaina checks, drills. twills and fine
count goods was not of heavy pro
portions.
The raw silk market was dull. with
business confined 10 filling in orders
rejecting inactivity in orienta
ccuterS.
Evening star., 1922-06-10
NOVELTY JEWELRY SOUGHT.

NEW YORK, June 10-Novelty jew
elry is about the most active division
of jewelry trade. Articles enjoying
a ready sale are earrings, bracelets.
pendants and genuine and imitation
pearl and bead necklaces. Bracelets
set with marcasite. a mineral cut
with facets and as brilliant as a dia-
mond, are we'll received. Necklaces
are sold usually in sets with earrings
and bracelets to match. Some colors
being favored are real and imitation
amber. imitation jet and real onyx
and lapis-lazuli "a rich blue stone).
There is interest in fad colors, as
tangerine. or bright yellow and brick
red. Preparations for autumn season
are under way in manufacturing
trade
Evening star., 1922-06-10
REAL AMERICAN CREW,

NEW YORK. June 10.-The boast OF
having crews 100 per cent American
has been realized only in part. they
being denominated white-washed citi-
zens or paturalized foreigners. To
Offset this claim. Capt. Robert Hud-
gins of the steamer Lake Agonak of
the Baltimore and Carolina Steam
ship, Is the commander of a crew of
native Americans. His articles show
that they hail from South Carolina to
Connecticut and from New Jersey to
Arizona.
Evening star., 1922-06-10
NOTICEABLE QUIET
IN LOCAL MARKEl
Short Session and Bankers
Convention Limit Days
Trading.

In consequence of Il being Saturda,
together with the absence from the &C
of more than $50 Of washington's lead
ing bankers, who are attending N
fourth annual convention Of the Distric
of Columbia Bankers Association a
Hot Springs. n noticeable quiet preva 'e
throughout the local financial dis;r.c
today.
The Treasury issued a call. payafl
June l3, for 20 Der cent Of funds stand
ing to the credit OF federal rese-v
! banks. arising from the purchase =
| Treasury certificates of indeptedn' 81
series D, 1922. dated April Is.
international Exchange Bank.
At the annual meeting OF the sto 4
holders Of the International ENcns <
Bank he'd recently all OF the old g.
rector weres were reelected.
At . directors meeting on Thursca.
the following officers were chosen :
SchidvOne. president. Dr. ". H PIyi
peri. vice president. F. l. Neubeck. id
toruey, +. j. Kaufman. Jr.. cash .
and 4. &. Mdchler, assistant cashier
Hillary 4. Ofutt. il. cashier OF -,
District National Bank. was elected I
! III! liie NatsItN OI l!it DpaIu ol "
rectOrS,
Dividend Declared.
Directors Of the Bank of Sayif z
and Commerce have declared 4,
regular semi-aunual dividend OF 4
cent. payable July ! to shareholder
Of record June 20.
| Personal Mention.
W. {. Hanson, president of n
WASHINGTON Association OF Cred
Men. left for Indianapolis, where. Z;
! conlany with l.. B. Adams of L. 3
| 4 dams Company, former president .
! the association. he viii represent III
! EssA.I2 2tou Association at the all
nual con ention this week Of the Va
! tIouai Association \ Of Credit Men.
Mir. Hanson expects to bring bal
| from indianapolis some ideas for Is
| in conjunction with an enlarged
| credit interchange bureau which n!
Washing on Association Of CTcul
N-n hope to establish in the near u
! turc ioF the benefit Of Washingtol
wholesalers. manufacturers and bank
ers.
Evening star., 1922-06-10
SOME HEN IN OHIO.

TOLEDO Ohio. June I'D. c. 1'ecli
Of No. 36+0 WHY'S Parkway, in shuf'
fling up his flock Of poultry recently,
discovered a douhie-action hen. the ONLY
one of its kind i'm the egg production
business. he believes. The hen IN ques
,inn laid an egg Of unusual proper
tions "A few days ago. In breaking the
ela- Mrs. Deck found a second egg, su'.
rounded by albumen. inclosed III the
Shell.
Evening star., 1922-06-10
THINKS COTTON TOO HIGH.

NEW YORK. June lO.-Present raw
cotton and primary cotton goods
prices arc regarded as too speculative
for safe operation by the head of one
of the best known cotton goods con-
yerting houses here. His contracts
for future delivery of gray goods are
smaller than at this time last year.
and at present he is out of the gray
goods market entirely. He feels that
if prices are advanced much further
there will be a sharp reaction. which
may. however. be delayed until later
in tha year.
Evening star., 1922-06-10
$1,O00.O0O RENT BY CANDY.

NEW YORK. June l0.-The Goody
Shops. controlled by COSTS Talks. have
leased. through local brokers. the six
story building on Broadway through
to Trinity place, containing approxi-
mately 5000 square feet on a floor.
and will occupy three floors of the
building as a confectionery shop and
tea room. two of the floors being store
floors, one on a level with Broadway
and one on a level with Trinity place.
The lease is for twenty-one years at
a rental in excess of 100000.
Evening star., 1922-06-10
MAY MERGE WITH C. G. A.

ST LOUIS. June 10.-DefiNtc steps
toward dissolution of railroad re-
ceivership of the NJ. X. and T. have
been taken. according TO information
obtained from a high railroad Off
cial The dissolution. he added. WAS
regarded in railroad circles as Il fore
runner TO a merger Of yhe road with
the Chicago and Alton within thirty
days. RumorS regarding suSn n mcr-
ger have been denied by rail officials
Evening star., 1922-06-10
OIL PRODUCTION DROPS.

NEW YORK. June l0.-Atlantic Gui
oil nroduced 6a5. .532 barrels of oil In
Nav. compared with l,O55.325 barreis
in April shipments amounted 10
l.3-7.lG0 barrels, most OF when cams
from storage and purchases. the
concern is the Mexican subsidiary 81
the Atlantic Gulf and West Indies
steamship lines.
Evening star., 1922-06-10
TO SURVEY IRON DEPOSITS.

VICTORIA. y. T.. June 1o.-A sur
yey of the IRON ore deposits of BIT
isli Columbia * to be commenced ihr
summer. The Canadian geological survey
branch mas agreed to undertake th''
work in cooperation with the proNh'
cisl department of mines. The object
To obtain conclusive Information As "a
tEe possibility of this province sup.
norting a large capacity iron and steel
,.i..
Evening star., 1922-06-10
RECORD FOR PERISHABLEs.

PHILADELPHIA. Pa. June 10.-The
Pennsylvania railroad during Nav
handled more perishable freight. con-
ssting of fruit, vegetables and other
foodstuffs, than in any other month
in the company's history. The num-
Der of cars of such feight handled in
that month was 81 per cent greater
than in May. 1921.
Evening star., 1922-06-10
COTTON SEED OIL WEAK.

NEW YORK. June 10.-The cotton
summer yellow, 1850 bid: prime
crude nominal; June. 11.o0; July.
n.53: August. 11.61; September.
1161: October. 11.07; November. 9.s7:
December, 9.S6; total sales, 1900
barrels.