Newspaper Page Text
THIS SECTION CONTAINS 38 COLUMNS OF QUALITY WANT ADS
I 5B5 I ?fb lHasfimciton Beralfcr | Qu^ea |
SECTION TWO-PAGE 9. ~ WASHINGTON, D. C., THURSDAY, JULY 7, 1921. PAGE 9?SECIION TWOs:
" ' ' i 1
tariff battle i
to begin today
on house floor
Fordney Bill Will Face
Two Minority Reports.
G. O. P. IN CAUCUS
Decides Program of Action on
Measure Hailed as Prosperity
Representative Fordney, of Michigan.
chairman of the Ways and
Means Committee, filed a majority
report with the House following a
meeting of the full committee at
which the hill as introduced last
week was formally approved. Representative
Martin, of Louisiana.
Democrat, joined with the Republicans
of the committee in approving
G. O. P. in Caoeva.
Representative Garner, of Texas,
ranking Democrat in the absence
of Representative Kitchin. of North
Carolina, whose health will keep
him out of the tariff debate, was
granted until midnight last night j
Co present a minority report on behalf
of the Democrats of the com- ;
The minority report of Representative
Frcar, of Wisconsin. Republican.
which was made public yesterday.
also was flled.
Representative Garrett sought to
raise a point of order against the |
filing of the majority report, but j
this was overruled by Speaker Gillet.
and Fordney informed the
House that debate would begin today.
Republicans of the House met in
caucus last night to complete the j
program for the consideration of j
Fordney's report predicted the 1
tariff legislation will do much to
relieve the present industrial situ- 1
"The reason for tariff revision at :
this time is well known." he said.
"The present law is wholly inad~- !
quate. Its failure is recognized beyond
dispute. The prophecies of its |
proponents have proven false. The j
frarrers of the act of 1913 have contended
that lower rates would re~duce
production costs and enable;
Americans to capture foreign trade ,
with resulting industrial activity
and general prosperity. - - .
See* Good Reaalti.
"From the date of the enactment
of the low rates, however, until
the outbreak of the war in Europe,
exports not only did not increase,
but declined with rapidity and
alarming regularity, while imports
taersased. America did not capture
foreign markets, but foreigners captared
American marketa Industry
languished and unemployment prevailed.
"The enactment of the bill herein
recommended will do much to relieve
the present situation. Rates'
of duty are proposed which will per- i
rait the products of American labor
to compete with foreign gcods in
the American markets without sac- i
rittcing the American standards of
Irregular Price Movements
Include Establishment of
New Low Records.
NEW YORK. July S?Therp was a
rood volume of business on the curb '
market today, but price movements
were Irregular and included declines
in some issues to new low records
or the lowest records reached in a
long period. Stocks that had been
active Ui previous trading were under
pressure and were supplied in
large blocks at concessions among
them being Carlight_,which ranged
during the afternoon from 1.00 to 1
75 cents a share. A number of other
industrials that were prominent features
of the market in other times
also hold to sucli low levels as to
almost completely wipe out their
market values. Interest was attached
to the trading in some of the
domestic oil stocks, among them
Merritt Oil. which was in good demand
at a moderately higher l*vel,
being one of the stocks to respond
to the tariff changes which according
to some trade interest should be
of benefit to domestic producers.
Cities service was weak in the
early trading falling from 111 to
109. but more than recovered its loss
on an upward movement In the
afternoon Maracaibo also showed
'strength and after declining to 20
had a vigorous rally. Mexico Oil,
of the low-priced issues, fell
from 55 to 39 on a single transaction.
International Petroleum was
ivr y'e"*ing from 12H to II.
Glen Alden Coal was traded in on
* J***? sc?'* yielding from 37% to
I- .1 from It* low level
in the afternoon. The sugar stocks
,n Increased demand. Sweets
Company and United Retail Candy
1 Todd Shipbuilding
..old at 10*. Heyden Chemlcal
was traded In at 1%.
metal market. eUn^Tf
TmR,^1^ 4 -A "harp ?.
8 ' reported in Lona.
f>? in. 5' .*PO' be'ng quoted
Hi im . futures at ?171 10s:
sales 100 tons and 360 tons. Spot
standard copper la 5s lower at ?7* <
and futures 2s Id lower, at ?72 2a i
?: 1#f ,on? ?"d 150 tons.
-SrWf - .r,han*'d. ?* ?75
pl0?. Spot lead M unchanged at ft* i
?? and spelter 10. higher, at ?21 ,
Further Government Ai
of Growing Priv
(By The WuklBKton
The proposals of various plans to
facilitate export trade continue to
receive a large amount of consideration
both by bankers and Congress.
Efforts to organize a farmers
export corporation with means
to extend credit amounting to hundreds
of millions of dollars keep
the subject constantly agitated in
A review of presetit agencies,
government and private, shows a
considerable volume of present and
prospective bnslness. A year ago
the revival of the War Finance
Corporation was urged, largely on
behalf of farmers, as the best
ADTAJTCZS TO* EXPOIT AJTVOUVCEO I
. Dite' Amount vbH
April 13 2 000 04
April 18 * W
*,,r " 2.000 01
J 2 i<w?
Total, a* anno,,Ared I17.28&.0I
Othef / advances have been ap-;
proved or are in process of con- j
sideratfon to assist in the exportation
of milk, canncd foods, coal,
packing: products and hides.
To estimate the importance of
this amount of aid for export movements
it may he compared with the
war-tike loans of war
To public utilities
On warehouse receipts
The cattle loans were widely dis-?
tributed over the southwest cattle:
country in Texas. New Mexico.!
Kansas and Nebraska. Efforts to j
liquidate these loans were largely!
suecess/ul since only about 10 per j
cent was unpaid on November 30 i
(irain. flour and foodstuffs..
The loans on warehouse receipts}
were mainly to the United States i
Grain Corporation, which received
$25,000,000. the rest going to the
New York C&nners' Warehouse
Company. whu?fc received $211,500.
The _ corporation rendered other
services in inspiring- confidence, by
the purchase of government securities
to provide support during period
of liquidation and by acting j
as a clearing house for the con-i
sideration of many problems of
commerce that did not find expres- j
sion in financial dealings.
The corporation had a paid In
capital of $500,000,000 subscribed j
by the government and was au- [
export trade ft nan
Name of bank.
American Foreign Banking Corporation
Aaia Banking Corporation
French-American Banking Corporation
International Banking Corporation
Mercantile Bank of America
Park Cnion Foreign Bunkins Corporation
Discount Corporation of New York...
First Federal Foreign Banking Association...
Federal International Corporation
International Acceptance Bank
In addition to the above may be
mentioned the Foreign Financing
Corporation, yet in process of organization.
with a projected capital
The recent report of the operations
of export associations organized
under the Webb-Pomercne act
as administered by the Federal
Trade Commission furnishes some
interesting comparisons. The Webb
tfet was passed April 10. 1918, to
permit concerns to combine for foreign
trading without becoming violators
of the anti-trust acts. Up
to the end of the fiscal year ending;
January 30. 1319, some ninety-two
concerns filed statements, representing
members numbering 84"0
firms. The summary of export
business done for the calendar year
1920. just announced, is $221,000,000.
Thig includes the business of fortyeight
associations exporting to
nearly all parts of the world.
In the total exports were included
a great variety of products.
steel, copper, cement, lumber, foodstuffs.
machinery, etc. In working
out plans for selling abroad the
industries concerned have been led
to co-operate in many particulars
in surveying the foreign markets;
Good Rains in Western Belt
Have Little Effect on
CHICAGO. July 6.? Good rains
fell over the greater part of the
Northwest and In Montana and Nt^
braska. hut had little effect on the
grain markets, although the dTought
had been effectively broken. A small
decline In wheat early was taken
advantage of by strong commission
houses to buy freely, which absorbed
the surplus In the pit. and a sharp
upturn followed that carried values
well above yesterday's finish. The
upturn was not surprising to many
in the trade, however, as the outside
trade remains very light and
the market rallies quickly after
breaks when amy good buying appears.
while the bulges fall to hold
for the same reason. Threshing returns
on winter wheat continue disappointing
and the quality is none
ton good, due to the he** at the
erflleal period, so fhat much lightweight
grain Is reported In sonv
sections. Export demand was better.
with Germany Iji the market
on a credit basis. The government
report will be issued Friday and
ls_e*l>?cted to show a smaller yield
S LARGE SUMS
id Questioned in View
means of maintaining the volume
of exports at something near w?r
The corporation was revived by
Congressional resolution by ConKress
on January 4 and its activities
since have been largely confined
to aiding in the export of
farm products. While all the details
of its' operations are not made
public due to the policy of preserving
the confidential nature of individual
trade Information, the announcements
thus far made give
seme idea as to how the corporation
Y THE ViB FIWAJrCJ: COIMIIIIO*.
jo Coadeaaad milk sad milk products
Cottoa, 15.000 bales
? Cottoa, 3ft.000 bale*
Cottoa. 6,000 bsles
A Railroad csrs
operations of the corporation during
the first period of Its activity
under Its wartime powers. The
totals of the advances made and
balances outstanding at the time of
the last annua) report were as follows:
1\>ul advances. No*. 1 ???
36 "OT.^iO 21.132.0U6
;; 2?:?14:?7I H8.M1
.. 4S.S47.0..4 42.0MW1
.. ?3:>3.061 404 ' .
last, and most of these have been
settled since, in spite of the unfavorable
conditions In the livestock
The exports involved in tne aavances
for this purpose are shown
in the following
""*1111. 0.322.117 ^
thorixed to Issue bonds secured by
Us own assests. Only one ISuue of
$206,000,000 was made on April
1919, and retired April 1. 19-0.
Amendment of the War Finance
Corporation act has been suggested
to make its requirements more
favorable to the borrower and to
enable K to serve the purposes for
which several other proposed governmental
export agencies are deThe
development of priTate foreign
trade financing corporations Is
indicated hy the list gathered by
the Federal Reserve Board which
is as follows:
Capital, surplu* ?nd . At. unii.idetl
SA :i04 ?3r?
#100 ?r. 41.4M.4H
S'JJJ'S 7 22.978.190
i># 2.S11.166 9.236.W7
in establishing rcpresentatives and
in adopting uniform trade methods.
An important feature has been
developed in the form of un'f?r
trade-marks. At first n\ere
much objection by the older firms
to anything to take the Pla<? ?f
their individual marks. The ?< ?* tapes
of one trade-mark for advertising
abroad prevailed, however,
and there are now a large number
of joint brand names in use-cover
Ing such products as steel, paper,
lumber, meat and milkMost
bankers and manufacturers
insist that permanent improvements
In-American export trade must be
worked out by private industries
with th* minimum of government
intervention. The Webb act export
associations combined ?,th
financial organizations to P^vWe
credit for sufficiently lone periods
yfTers a way for those who prefer
tlTheP,fact that exports of many
agricultural products did not share
in the general decline of exports
in Mav compared to April 'bis year
may in some degree be attributed
to the activity of the agencies
mentioned. Cotton exports increased
In May over April by 157.000 bales.
than suggested a month ago on both
winter and spring wheats. Cables
indicate that the European wheat
crop this season is 120.000 to 160.000
bushels in excess of la=t year.
Corn and oats were lower early,
but rallied quickly on scattered
buying There was some selling of
July and buying of September corn
by a local cash and elevator interest
which put the July to a discount.
The greater part of Illinois.
Iowa, Indiana and Ohio remain dry,
while temperatures are still rather
high, but so far there are very
few complaints. Country offerings
were only fair, and Eastern demand
glow, with the movement holding
up very well. There was some betterment
In cash grain price* as compared
with the July.
Provisions .were Arm for lard and
easier for ribs, but the market acted
rather firm with a .fair class of
Opes High taw Cl?e
1.18 1.19 1.15 117*
Sept. ...144% 1.18% 1H
Uec 1.18% l.?% 1.15%
Jl.lr SO .80% .58% ,59%
Kept. ... .58% .80% -37% 5#%
Dec 58% ? -51% S?l4
J.ly 34% .85%- .84% .*4%
flept. ... ?% -87% -88% .87%
Dei. .... 88% .89% M% -S?%
Opan Hick Low Closr
Sept. ... 10.00 1100 10.S2 11.00
Sept. ?.. 10.40 10:50 tp.ao Hi.50
(Turaisbad by W. 9, Kibbs k Co.. asastbars
Chicago Board tf TradsJ
1 ' n ^
Guaranty Trust Co. I
Tfce GHiutr Trm?? CwfUr
of *Vw Ywk ka. a M??mri
itateMOt, u ( Jim*
akawla* ? ? ! immwm ? IT* MJSMI.
with capital, aanrtaa
mmd mmdlrtie* rrrfli tMR|n.
lac lumsnM aaJ depaaMa
af W4.4?*T*JS. Sabataatlal ]
Kiirllnu arc utit la the ?apaar'*
rHlwMati with the f*4rral
Rtwm Baak, mw ??*?.
Katies MMI1WI, aa naM'r4
with |W.I?M4Mt 'aa Fchraarr
w a' thla )f?r, the lute af
thr raafur't last ?re?laaa
ataleaarat. and frtwil ea.aland- j
laic aMrftaam la *tw lark,aa<
fartln aB?a at W*MTT.W,
aa eeaaaared with K8.MW1MS ]
oa Frhraary K> The ?? " af
aallTlM pr.BU af WMMTXM
la arrlral at after flarftag at
tftetalMi laaaaa ail aettlas
aalde itatfwa (ar fatave saaUaCeaaparattve
Ifina af the aailrMed
pnlta aeraaat af (he ,
eaafaaji aa e( Jaae M. far the
past three jeara are (Iraa aa '
Jaae M. IN*. ..24 1
Jaae SO, 1*18 4,4TU)TUI ,
Jaae 3*. 111).. 1.MS.M1.S1
Thr atateaaeat ahowa each reaaareea
COTTON CONTINUES j
1 DULL AND LOWER;
Reactionary Movement at Liv. '
erpool and Fresh Hedge <
NEW YORK. July 6.?There was a
I dull and lower cottoi* market here i
mainly from the effects of some '
reactionary movement at Liverpool ,
from profit-taking: there and also I
some- fresh hedge selling. Futures )
there closed quiet and steady at a ,
net decline of 7 to 10 English points. 1
against what should have been unchanged
quotations to have met our ,
! closing prices of yesterday. Private
| cables simply sai^ that the better
weather and crop news from this
| side had inuenced the set-back from i
I the marked strength and fcharp ad- j
vance which had developed in the j
: market yesterday. Here traders fol- ,
I lowed the l^verpool fluctuations and ,
; sold contracts freely from the open- ,
ing. in liquidating purchases made ,
yesterday while others who had ,
covered on the advance then were ,
putting out fresh lines of shorts.
The maximum decline in prices !
h re ranged from 18 to 22 points,
from yesterday's closing during the
forenoon with July going off to 11.66 ;
against 12.41 for October of the new |
crop, December. 12.88, and January ;
12.>8. The weekly government '
! weather and crop bulletin issued at j
noon was generally regarded as the j
most favorable rej ort issued so far'
for the season, and as the weather j
over most sections of the cotton
belt continues in the main all that
could be desired for the proper development
of the crop there was a |
I good deal of selling when this report
came out. There were also
notices issued for the delivery of
about 2,000 bales of cotton on July |
contracts. This weakened the July '
option and its price went off the
most. In the last hour the market
was rallied on some new buying I
! from local and Wall Street commis- }
j sion houses influenced mainly by
j the sharp rally in the stock market..
I This rally continued until nearly all'
of the 1 os8 of the forenoon In the)
| general contract list had been recovered.
Southern spot markets were quiet
today and mostly unchanged. Export
clearance since last Friday j
have been very heavy. They have j
been due to the fulfillment of con- j
tracts for shipments for July. They |
amount to 95.000 bales so far this
! week against 40,067 for the whole
of this week last year. There were i
sorc-i favorable showers for the crop
in parts of Georgia and aTso in
Jacksonville and at a few points in
South Carolina. It was cloudy in i
those sections and also in parts of
Northwest Texas. Elsewhere skies
were generally c4ear and while tem- !
peratures were high they were of
the seasonal average for July
weather in the cotton belt. The receivership
for a small textile company
at Lowell. Mass., reported this
afternoon only received passing at- I
tention. As a nule reports from the
dry goods district are now showing
some improvement over the recent
dull and saggy conditions.
High Low Chne
Jnly 11.86 11.66 11.88^11.81
Oct 12.57 12.88 1 J. 12. r.2
Dee 13.03 12.83 12.97<*:2,08
Jan 18.19 12.94 13.06fc-t?07
The market closed steady.
rruraiahed by W. B. Hi** ft Co.. members
Hew York Cotton Exchange, i
IW. B. HIBBSII
New York Stock Exchange ,
Boston Stock Exchange
Philadelphia Stock Exchange
Washington Stock Exchange
New York Cotton Exchange
Chicago Board of Trade
'New York Curb Market Association
' % I
Washington, tK C.
' ' i' ' ' ' i i imi aa
-v. r , '
. jr. ?. -?
i - ? ;
KANSAS BODY ASKS [
CUT IN INTERSTATE 1
RATES ON GRAINS t
_ ' 11
Delegation Says Exces- n
sive Charges Add to De- j
plorable Condition. I
PREPARE PETITION *
tleed to Present Paper of *
State's Public Utilities in i
Next Few Days. t
Substantial redactions 1b Inter- g
rtate railroad ratea on rraln. grain <j
products and hay from the Middle
RTeetern States was asked by the
Kansas delegation in Congress yes- 1
erday. ' t
A petition of th'e public utilitiea f
commission of the State in behalf t
>f the grain and hay shippers ask- ^
ng reduction was filed and Clyde J
W. Reed, chairman of the coramis- j
lion, will present the appeal for t
educed rates before the Federal *
Commission in the next few days. '
"The critical situation which f
the grain, hay and livestock ship- ,
>ers And themselves certainly need* .
no atatement for emphasis." the
Kansas delegation in Congress ^
wrote the Interstate Commerce .
Commission. "It is a matter of
creat and grave national concern,
rhe farmers' products are back to
the prewar level, which is true of c
no other group of commodities. 1
Adding tremendously to the deplor- 1
fcble condition in the agricultural 4
lection is the ruinous burden of c
the freight charge which in many *
u-ases is actually prohibitive. The 1
Kansas wheat crop has Just been
harvested and the bulk of the movement
must take placc within ninety r
lays. Early relief in the matter of i
rrei^ht rates is imperative." t
M. & T. L. Railroad \
Secures Obligation \
The Interstate Commerce Com- |
mission yesterday granted authority y
to the Minneapolis and St. I?uis ]
Railroad Company to issue $714,000 ,
in 5 per cent gold bonds. The rail- i
road had requested $2.OS*.000 for \
the purpose of reimbursing Its
treasury for expenditures made for
retirement of equipment obligations i
ind for additions to roadway and i
? V. ' . s.
' - & afcV i&ixaL
KEET TOPICS I
market* recovery, always furih
addH impetus to the ffrneral
>?ement. Louisville and Nash"e
advanced ? points wltMn ?
lef period during the second hour
uching US, and thereby eetabiithZ
a new high record for the year
li? stock sold up to 111 in an- i
:ipation of action by the director
June 1? in calling a special meetg
to vote on an increase of $58.0.000
r? the capital stock. After
at action was announced the stock
acted, but up to the close year-day
had re cow red to 112. The
tcrftate Commerce Commission ha^
t to decide how much of addi)nal
stock the company may ise
In th? form of a dividend. The 1
iximum would be 73 ? per cent on
e outs tannins capitalisation. Atntic
Coast Line stock advanced 2%
ints while Louisville was going
?. The former owns more than
Per cent of the Louisville stock
ffect of Continued Reinvestment
of Midyear Funds
Makes Itself Felt.
July (.?The effect J
continued reinvestment of mid- j
'*r income was noted fn the bond
arket today. Testerdsy the de- M
land was more particularly for
gh-grade railroad issues, but to- j
iy the buying movement spread
it to embrace speculative rails an
ell. The movement toward higher j
ices In the Issres was concurrent 1
ith a r^marka^le demand for railtad
stocks at much higher prices, j
ftturally the efTect of the rise in 1 '
ock *'as seen nrst and most clearin
the convertible bonds. Narthn
Pacific-Great Northern joint
-es were again active and sold at
i. The Great Northern 7s. Series
into which the joint 6*^8 are
?nvertible. sold aw high at >7*4.
tnns>Ivania general 4*2s advancea
f ill point, to 77U.
Transa-tions during the first hour 1
ere heavy, totaling mere than
I.OOOJlOfl. but this pace becam?* 1
uch slower later in the day. War
>nds did not account for so large
percentage jf the sales as they j
Id on Tuesday. Tne most active
ascription was the Victory 4*?s
hich sold within a narrow range j
T yesterday's closing. The active 1
pmand for Victory ?\s dwindled,'
ver night, and the Liberty 34r
fcame a feature In their stead
he 3*4s advanced more than 50
'Tits on the $100 bonC.
of 150 Ye
Paul Revere?how he
spread the alarm to e
was in April, 1775. It
Boston papers would
the shake of a little la
ge would be in each li
ce of 150 years in the
Extra" on the midr
ir doors as once did
the. breathless shout o
d the courier ? multi]
-increased his speed a
jo without newspapers
t on4y of events at hom<
t concerns us just as vi
t have to do with the
)ne of us.
g a new, better and 1
that would add immea<
eing; or some better n
ing?but we would r
joon. It keeps our info
liings we need in ord<
1 useful life in this ag
ge of the advertising?
WILL OPEN DRIVE
Chamber of Commerce
And M. and M. Unite
To Obtain Site.
NEED IS DEPICTED
Harper Announces Business
Men Interested May Underwrite
Bartons men contetnplatinr u
auditorium In Washington, with a
seating capacity of i.OOO people, decided
yesterday to double their
committee personnel. In the hope
of forming; a corporation for the
immediate purchase of a site. The
a< was taken by represent at Ires
of tlie Merchants and Manufacturcrs'
Association and the Chamber of
Commerce at a meet in* yesterday
afternoon in the Homer Building.
Robert N. Harper, who presided,
announced that business men of the
cltv who feel the need of an auditorium
will be given the chance i
underwrite the proposition.
Several jsites were considered. Including
the Emery Building, at First
and B streets northwest, and s *ite
at Virginia avenue and B atrcet
Charles J. Columbus, secretaij of
the Merchants and Manufactufcrs*
Association, declared last night that
never in the history of Washing^0"
has there been greater need for a
business m^n's auditorium. He predicted
In Cable Rate to Brazil
NEW YORK. July ?.?A reduction
of 11 cents a word In the rale
from New York to Braill Is announced
bv All America Cables. Inr .
as effective beginning tomorrow
(July 1(. The new rate of S4 cents
a word, a cut from ' cents. applies
to messilees for both the company's
stations at Bio de Janeiro an>l
Santo*, and is In direct line with
its policy of providing for the
cablinc public of the three Americas
th*- maximum of service for the
minimum of cost. Officials of All
America Cable*. Inc.. believe that
the reduction of 11 cents a wori
will be a distinct stimulus to tradrelations
between the United State*
'v * '
TIMELY WALL S7
NEW YORK. July After * brief a
erlod of hesitancy, during which nli
he Mexican oil stocks sustained nv
urther heavy losses. (he whole mar- v|]
et Started upward and continued br
hat trend without serious Interrup- tot
ion right Op to the close. Th- ini
et reiult vas nina of 1 to S point* Ti
Pread over a broad liat of slocks tic
nd even greater advancea In spa- on
ial issues which had harbored a In
urge short interest. Each group ?0
ad its leader. It was Baldwin in th
he equipments. Louisville and Nash- re
Hie in the rails. Studebaker in the te
notoia. and Crucible In the steels In
The Hill road stocks cable into ye
irominence In the afternoon. Aft.-r tit
tiling as low as 87*, in the early ?u
rading. Mexican petroleum re- mi
'OUflded about ten points. Pan Aifcer- th
can lecovered more than 8 points lai
rom the Iowa of the flrat hour, po
>n the whole, the rally was tht up
i road est Wall Street has wltneased (?
Ince the end of the seven weeks'
A rise In Studebaker appeals to
be imagination -of traders just as
trongly as decline In Mexican Peroleum
did In reverse fashion beore
that atock was segregated from
he general industrial list. Studelaker
was the stock which started E
oday's sharp rally. I? the early
rading. while the average Indusrial
atock was scarcely doing fracionally
better. Studebaker wa>
ihowing the effects of a big denand.
When It broke away and
limbed rapidly, the rest of the list
ollowed along. One of the reasons of
Vhy -he shorts have not been able v<
o attain complete success in theii
ittacks on this stock lies in the m
'ery. substantial fact that the Stu- n
lebaker Company is manufacturing hi
ind selling cars. It was reported dl
oday that the company sold 451
ars in the New Tork district dur- ol
ng June, as compared with eighty- W
wo in June. 19-0. Kales In this
l'V,,r.'.C- durin* 'h,> ?'"< ?<* month. *
>f 19-0 totaled 1.659. compared with v
9*?0 corresponding period of jt
In point of activity today's stock j'
narket was in pronounced contrast og
?'tth yestercay's. Sales during the A
Irst two hours were greater than r<
n the entire Tuesday session. It p,
F-as around the end of the first ?
ur that individual transactions
>egan to run into big figures. The *
ictlve industrials came out on the
tape in long strings, and la B<* m
blocks of low-priced issues were s,
Sken at rising prices. The 'mar- a
1 was running into the kind of dl
volume which some observers con- d<
Jider the signal for a change of w
lirectlon - 0|
,.Th? r,u' ln Ix>u,*ville and Nash- ?'
rule Railroad stock was one of those- h,
unexpected developments whlcff al- T
hough unrelated to the motives for a
U'Y E heard the storv of
tered out of Boston and
lesex village, etc. That 1
1-night job. Today the
s on their presses and in
he whole thrilling messa
i well known county.
This represents the adva n
int business of spreading
The cry of '"Extra ?
rings startled folk to the
d of a horse's hoofs and
. Papers have supplante
ffectiveness many times:old.
-low far back we would j
d remain in ignorance no
id?but also of much tha
ws of the very things tha
I, everv-dav life of each (
somebody might be sellin
Dmical food; or a utensil
a our comfort and well-b
or making shoes or cloth
Modern advertising is a 1
up-to-date on the many t!
a profitable, happy and
3o you take full advanta