Muncie Post-Democrat, Muncie, Delaware County, 22 April 1921 — Page 4

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FRIDAY, APRIL 22, 1921

The Railroad Situation; Exports and Finance

The constructive and helpful mes-' sage to business contained in President Harding’s opening address to Congress on Tuesday last shows that prompt and vigorous effort is to be made to remove some of the handicaps under which domestic commerce is struggling. The message is to be highly commended for its conservative tone and for pointing out the need of remedies to be adopted to bring back to normal conditions. This will necessa fily take time as the problems to be solved are serious, but we are moving in the right direction. Such a prospect and the evident intent of Congress to act promptly as well as a somewhat further brightening of the industrial prospect have made the week a more hopeful one in financial circles. Latest advices from Great Britain regarding the threatened tieup of the transportation interests to aid the striking miners, are also more reassuring and hope is now held out that the labor question on the other side will soon be settled. Steel Price Revisions The most striking industrial development in the past week has unquestionably been the revision of steel prices by the U. S. Steel Corporation to an extent varying from about 10 to about 18 per cent of the prices which have been maintained during the past two years. The level of values still remains slightly higher than the figures set by the independents while in some lines, notably rails and wire nails, there is no reduction. Nevertheless the price cut is sufficient to bring the prices of the Steel Corporation into harmony with the average level established for wholesale prices as a whole so far as index numbers indicate. This revision of prices is not isolated, but is only one of several other steps in important lines of industry which point to a definite settling of the business structure upon a new basis. Demand has notably increased in the automobile trade, while textile industries continue to show further growth in activity. The Railroad Situation It continues to be true that the railroad situation is the sorest spot in the president business organism. President Harding in his address to Congress rightly referred to it as a general source of difficulty and indicated the necessitv of reducing both rates and expenses. The current earnings J statements issued by the roads show a general deficit of over $7,000,000 for the month of February, while the statement issued by even the Northern Pacific Company shows a net reduction of over two-thirds from the surplus earnings (after dividends) of a year ago. Freight movements have not improved in any considerable measure. Now that the Railroad Labor Board, however, has abrogated the national wage agreements the way should be paved for a return to more normal conditions. At any rate the cutlook is decidedly more hopeful and the Board is to be commended for its prompt action. Federal Legislation President Harding’s message wisely emphasizes revenue revision as the foremost business of Congress although it holds out little hope of any actual lightening of taxes save through the repeal of the excess profits tax. Senator Smoot, however, has brought forward a plan for a simple sales tax with a rate possibly as low as 1 per cent which he believes will provide a substantial amount of revenue. According to the figures given by President Harding internal revenue receipts must not be allowed to fall below $4,000,000,000, which is practically their present yield, so that whatever is done in the way of a sales tax would practically have to take the place of the income received from excess profits taxes at the present time. There might be a certain relief due to reduction of Federal appropriations consequent upon a policy of economy which although widely advocated seems to have only very moderate prospects of success. The introduction of the emergency tariff and anti-dumping bill has been practically simultaneous with the offering of similar bills in Great Britain, so that a basis for tariff warfare has apnarently been laid. Public and Private Interest Rates Adoption by the British Treasury of the plan of placing Treasury biil through bidding rather than through distribution at a fixed rate of interest is by some believed to foreshadow a reduction of rates for such bills which would be tantamount to the lowering of the level of interest in the British market. The expected cut in the Bank rate has not materialized, a fact which is ascribed by some to the disturbed conditions growing out of the strike threat. Meantime the increase of the Federal Reserve System’s ratio and the continuous importation of gold have caused im-

provement in the reserve position of the country and give assurance of easier credit conditions provided that the liquidation of loans proceeds. As to whether the current increase of gold holdings can or will lead to a general reduction of discount rates in this country there is difference of opinion with no definite indications thus far, although the lowering by the Boston Reserve Bank of its rate to 6 per cent is encouraging. Immovement in the quotation of foreign exchanges has been chiefly due to the better prospects for a settlement of industrial difficulties. Market Review and Outlook Trading during the week has been m a moderate basis witfi attention •hiefly concentrated upon a few groups of issues. There has been a pretty general disposition to sell the •teels, oils and tobaccos, while a more r’avorable attitude has been adopted toward shipping and copper stocks ind a number of industrial shares vhich had previously been roughly landled. Little or no change has ocurred in general conditions. As is veil known, a considerable portion of the daily transactions are among mofessional traders who for the most oart are still bearishly inclined. The tact, however, that bad news no longer makes any deep indentation on values is shown by the conspicuous strength in the coppers. With the nines closed down and dividends in nost instances passed, the situation ould scarcely be more discouraging. Nevertheless there seems to be a demand for the shares of the leading :opper companies by those who are taking a long look ahead. This is the nroper view to take with respect to the entire market. It is freely conceded that there are a number of discouraging features with which the market has to contend, but it is only i question of time before these will disappear. Jt should be borne in mind that the stock market has a habit of discounting nearly everything six months in advance.

AUTHORITIES TELL HOW TO MAKE ICELESS REFRIGERATORS

Columbus, Ohio, April 10—Iceless refrigerators! Sounds interesting doesn’t it with the price of ice constantly mounting? The Home Economics Department it Ohio State has devised a practical and easily made iceless ice-plant which can be used successfully in the home, on camping trips, or whereiver artificial cooling is necessary. A frame of any desired height is made with shelves on the inside. The outside of the frame is covered with doth of some heavy variety like canton flannel and a pan is placed under the frame and another on top. Water is placed in the top pan and the ends of cloth covering the frame are eroersed in it. The bottom pan is used to catch the water which slowly works its way downward in the cloth' just as oil rises through a lamp wick. The rapid evaporaion of the water in the cloth covering the frame as it works downward cools the inside of the frame to several degrees below that of the outside air and thus provides effective refrigeration. The entire outfit costs comparatively little. Another form of an iceless refrigerator which has been made in the Ceramics Department of the university consists of an earthen bowl inside of a larger bowl. In the inside bowl the material to be cooled is placed. The inside of this inner bowl is glazed to make it waterproof. On the other hand the outer bowl is left unglazed and is filled with water which slowly evaporates through the porous earthenware and thus cools the material in the inner bowl. How cold the temperature in the inner bow? becomes depends on the heat and humidity of the climate. In India for example it can be brought near freezing.

HAS HAD ENOUGH m Clinton, N. J.—The Reformatory here as better than a home with any husband on earth in the opinion of Mrs. Emma J. Priesa, who is held on a charge of bigamy. “I’ve had three husbands, but I’d rather be here than with the best man who ever lived,” she said.

MOTHER’S SACRIFICE

London—Called to a pond near her home Mrs. Florence Gibson found her three-year old son Albert in the water. In trying to rescue him she slipped into the water and was drowned. The boy was dragged out by a bystander, but died soon afterwards.

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(RIGID SCIENTIFIC TEST APPLIED TO MILLIONS OF BUSHELS OF SPOT GRAIN

CHICAGO.—Thirty thousand cars of grain have been inspected in a single month by the Illinois State Grain Department at Chicago, its record day’s work, according to a report just issued, being 2,520 cars. I This department, with its corps of scientific grain testers, prepares samples for sale on the Chicago 1 Board of Trade where 400,000,000 bushels of cash grain on tracks or in elevators for immediate delivery are bought and sold annually, i This tremendous cash grain department, together with the futures market which provides hedging, or grain insurance, represents a seventy-three year evolution in grain marketing. Leading economists, including Herbert Hoover, have characterized the board as the ; most economical food marketing machinery in the world. In the face of attacks upon the futures market by organizers, thousands of members of farmers’ societies ecently have adopted resolutions opposing legislation destroying hedginp’ at least, until a Hnnt p-rnin

FLASHING

marketing system can be built up as a possible substitute. Bankers, business men, agriculturalists and grain experts told Congress that legislation destroying the exchanges would be “a blow to the nation’s industrial and economic structure” and both producer and consumer would s-jffer.

HELP BOOST POST-DEMOCRAT SUBSCRIPTION

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M i i i m I 1 I 1 I 1 g 1 g 1 1 I fc'.vi m

We have a suggestion to make to the live democrats of Muncie and Delaware county which, if carried out with the right kind of enthusiasm and concerted effort, will add thousands of names to the Post-Democrat’s subscription list. [ Our plan is for those democrats who can afford it, to order and pay for a certain number of subscriptions to this paper, to be sent to individuals who would be benefitted by the wholesome truths published weekly in its columns. There are thousands of men out of work in Muncie at the present time. These men are having a hard time of it finding money to buy the necessities of life, consequently it is impossible for many of them to take the paper at this time. Later, when the factories resume work, these men will not find it a hardship to pay the two dollars

subscription price.

The publisher is making a special club rate of $1.50 a year for five or more yearly subscriptions paid in advance. At the top of the editorial column appears a blank club subscription form. If you have interest enough in a worthy cause to do your bit toward enlarging the Post-Democrat’s sphere of influence, fill out the blank and enclose a check covering the amount required to pay for the number of subscriptions ordered, and mail to the Muncie Post-Demo< tet. We will pledge you that every dollar sent in will be used in f Fling'to our

subscription list.

Do you remember how you cussed during the last campaign because there was no democratic newspaper here to refute, the flood of republican misrepresentations? Now is the time for you to do your part toward the establishment of a newspaper that will tell the truth to the people of Muncie and Delaware county. Without the undivided support of Delaware county democracy, no democrat newspaper can exist in Muncie. Without a strong newspaper democracy here has no chance to win in the coming city election or any other election in the future. It will not cost you much to stand sponsor for the sending of the Post-Democrat to five, ten or twenty persons for one year.

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The republican line is already wavering in Muncie. The PostDemocrat has a campaign mapped out that will command the attention of republicans as well as democrats. Do your part. Mail it

in today.

IT’S A FISH STORY New Haven—The first fish story comes from Frank L. Wentworth, a rural mail carrier of Winster. He says he started the trout fishing with the opening of the season during a snow storm, but neither he nor the fish minded the sno\y, and he brought back eight speckled beauties.

40 YEARS A WINE-TASTER London—William Pheysey, who was appointed official wine-taster at $7,500 a year under the last budget, has resigned on account of ill health. He said wine tasting is not a healthy occupation. He has been at it for 40 years. He has a son who has been a wine-taster for 20 years.

77 YEARS AN ODDFELLOW London—John Robinson of Sherwood Lodge, Nottingham Order of .Odd Fellows, was presented with a '-wallet of treasury notes on the occasion of his 100th birthday and his 77th year of membership of the lodge.

GAY PARASOLS Paris—Gay flowered chintz is used for the latest thing in Paris parasols. They are all the rage.

AN OASIS Baltimore—Secretaries and attaches of the British Embassy at Baltimore have just received eight barrels and 52 cases of pre-war liquor. As an embassy is technically on foreign soil, nothing can be done about it.

Travel Transport Topics

Conducted by Goodrich

The automobile industry is getting back to normalcy at a “full speed ahead” clip. It is making up for lost time. Already there is a shortage of many makes of cars.. A manufacturer of one of the most popular medium priced cars has just issued this statement. “The sale of our cars for delivery in April, May and June is far in excess of any year previous in our history.” Better buy that new car early.

There are three great days in Man’s life. The day he puts on his first pair ff long trousers, the day he gets marked for the first time and the Great Day—when he makes his first public appearance behind a steering wheel. After that he experiences all the joys and woes of motoring—the first long tour, traffic cops, tire trouble and all the rest

There are 12,000 consolidated rural schools in operation in the United States; and fully half the vehicles used in transporting children to and from them are motor driven. The motor bus is fast replacing the horseIrawn vehicle because of its superiority—regularity, speed and general comfort.

Distinguishing Lamb From Mutton

Unless the housewife knows the difference between lamb and mutton, which few housewives do, she is apt to get mutton when she thinks she is purchasing lamb, say marketing experts of the Bureau of Markets, United States Department of Agriculture. Not only will she get meat of inferior quality, but she may pay lamb prices for the carcasses of yearlings and sheep, the wholesale prices of which are considerably lower than for lamb. On March 24, lambs weighing from 84 pounds down sold on the Chicago market for $9 to $10.85 per 100 pounds; yearlings $7.50 to $9.50, wethers $6 to $7.25, ewes $4.75 to $6.50. These figures show an average difference of $3.78 between mature sheep and lambs. On the same date good dressed lamb sold on the New York wholesale meat market for 18 to 21 cents per pound, good dressed yearlings for 16 to 18 cents and good mutton for 13 to 14 cents. In other words, the average wholesale price of good lamb was 2% cents per pound higher than for good yearlings, and 6 cents higher than good mutton. With such a difference in price between mutton and lamb it is vastly to the financial interest of the housewife to be able to recognize the various kinds of meat, and the following pointers by Bureau of Markets dressed meat experts may help her to do so. Distinctive Points of Mutton Carcasses Generally speaking, a mutton carcass is heavier than one of lamb./The color of the meat is one of the best indications of age. The lean meat of lamb ranges from pink to light red, but as the animal grows older the color of the meat turns to a deeper red. This is also true of the thin strips of lean meat covering certain portions of the outside of the carcass. The bones in lamb are smaller in proportion to the meat and usually present a reddish appearance. The bones in a matured sheep are not only larger but whiter and more flinty both in appearance and texture. If the whole carcass can be seen the ribs in a matured sheep will show a much more pronounced spring or bow, whereas those of a lamb are straighter, giving the side of the carcass a

more compact and less distended appearance. One of the standard methods of distinguishing lamb from mutton is to inspect the first or ankle joint of the front leg. In dressing a lamb the knuckle, or end of the shank bone, is broken off and the end of the bone presents a ridged and porous appearance. This is soft and moist to the touch and carries a decidedly red color. As the animal grows older the bone becomes harder and whitpr and the knuckle becomes more firmly attached to the bone. This is the condition during the yearling stage. The knuckle still breaks off but when this occurs the end of the shank bone presents a hard, rough appearance and has lost much of its red color. When the lamb has passed through the yearling stage and has become a sheep the bone has become so ossified or hardened that knuckle no longer breaks off the end of. the bone and separation of the foot from the shank is made at the ankle joint. Thereafter the knuckle normally form the extreme end of the foreleg and presents a hard, smooth, white surface with two prominent polished ridges. In the case of mutton the knuckle is frequently broken off by mechanical means in order to give the carcass a resemblance to yearling or lamb, but in these instances the bones are decidedly jagged and . splintered and lack the redness which is characteristic of lamb and yearling carcasses. It requires some study and applicaclasses and grades of dressed meat, Ision to learn to distinguish the various but everyone whose duty it is to provide wholesome, nutritious meat for family consumption and to provide it economically should be able to distinguish good meat from the of medium or inferior quality, whether it is seen in the packing house cooler, on the butcher’s block, or in the home.

WOULDN’T RISK BOOTS Vienna.—A ten-inch snowfall, with a high temperature, made Vienna a quagmire of slush. The drains choked and roads became impassable for foot passengers. Soldiers were employed to clean the streets, as the ordinary cleaners refused to jeopardize their only pair of boots. NO KNITTING FOR JURORS London—Rules are being formulated for women jurors. One of them is that they cannot knit while hearing evidence in a case. Th& attention of one judge was called to a woman juror knitting, and he told her it was a breach of court etiquette.

There is nothing so annoying and discouraging to the man who is learning to drive his new car than the “road hog.” And he is equally disgusting to the experienced motorist. And road hogs are not confined to the ranks of passenger car drivers; truck drivers are often guilty of hogging the road. Courtesy is one of the first requisites of car driving. Give the other fellow plenty of room—it may keep him out of the ditch.

San Francisco used a number of signs such as the following in a recent safety-first campaign: “When you are in the morgue it is of little importance to you whose fault it was.” “Remember, pedestrian—better lose a, minute than a leg.” “Remember, mot-orist-drive with both hands if you expect to live and marry her!”

Members of the Tin Can Tourists of the World, an organization of auto camping tourists, who returned from Florida to points in the middle west, report that Indiana roads are in the best shape of any roads they traveled. The Hoosier State is famous for its gravel roads which are kept in an excellent state of repair. Indiana is adding hundreds of miles of concrete and brick highways.

The extent of the business, practice^ or profession of automobile theft in' the cities of the state of New York is indicated by the information bureau of the State Conference of Mayors of New York. During 1920, a total of 7,005 automobiles were stolen in the cities alone. Of this number 3,996 were recovered by the police.

The cost of hauling to and from railroad stations forms a large part of the nation’s transportation bill and is considered by experts as the weak point in the transportation system of the United States. Store-door delivery service is considered the only means of relief from the excessive cost of terminal hauling. The motor truck promises to play an important part in the establishment of a system of store-door delivery.

Our weekly DON’T—Don’t drive on a retarded spagk! This is one of the most prolific causes of engine overheating. The cause is obvious, the explosion takes place when a maximum of the sylinder wall is uncovered instead of the minimum, as is the case when the ignition takes place at the upper dead center, the piston being at the top of its stroke. By keeping this in mind the car owner will lengthen the life of his engine.

- — - — - — ■ ■ ■■■■— Old Man Luck and Jimmy Murphy Are Real Buddies

1 NDIANAPOLIS, IND.—From the de-^ , lightful hubub of Los Angeles

comes the announcement that Jimmy Murphy, one of the youngest of the prominent gasoline charioteers, will drive a Duesenberg in the International 500-mile race to be waged over the bricks of the Indianapolis Motor Speedway, Monday, May 30. Murphy was fourth last year in a Duesenberg and wants another chance at the fat purse which is hung up each year at the great Indianapolis event. Murphy is a careful, consistent driver and although his car was miles per hour slower than several other mounts in last year’s event he was ever in the running, plugging along, nursing the speed and endurance of his car into a first-division

position.

The youthful driver learned many of his racing tricks from the world’s speed king, Tommy Milton, formerly with Duesenberg, but who is now piloting a Durant Special. And havng followed Milton through his rac-

ina' teens it was not unusual to see him. make him a favorite.

him trail to the finish line just a short space behind Milton last May. Murphy has the distinction of his first winning being a championship race, when he swirled around the boards of the Los Angeles Speedway at the rate of 103.2 miles per hour in a non-stop drive a little more than a year ago. He bested a field of classy drivers and his skill has been a subject of discussion and consideration ever since. He demonstrated in that race that “Old Man Luck,” a valuable companion in racing, was with him, for, while attempting to turn an extra lap after getting the checkered flag, he ran Out of gasoline and had to walk home from the back stretch. Murphy has a big following in Indianapolis and around every course for that matter. His genial disposition, determination to win, and a kindly word for all who work with

HARDER TO HANDLE New York—Women as clients of an attorney should be charged more than men, according to an argument presented before Surrogate Cohalan by Hugo Wintner as referee in a proceeding by an attorney who wanted $17,500 for his services. The widow contended $5,000 was enough.

DRY FOURTEEN YEARS Paris—The Abbe Moreux, a leading French scientist and director of Bourges Observatory, predicts that the next fourteen years will be dry. He says that dry and wet periods alternate, each lasting about seventeen years in Western Europe. The wet and dry periods, he considers, correspond to the average number of spots on the sun, and by means of diagrams he shows that the sun spot curve and the rain curve at Paris for for the last hundred years seem to bear some relation to each other.

DECK SAFES’ FOR JEWELS

Paris—Government tests were held in the Seine of a fireproof, watertight buoyant safe, which may be installed in French mail steamers. Letters, passengers’ jewelry and other valuables would be placed in the chest, which would be kept on the deck and would float if the ship went down.

LIBERTY CURTAILED

New York—Natives of the Belgian Congo are as strong for personal liberty as are certain individuals in this country in the Volstead era. In their case, however, they are rebelling against the prohibition of cannabalism by the authorities. “They practice more concealment, but they eat each other as much as ever,” said the Rev. Roger S. Guptill on his arrival here from a mission to the Congo.

LIBERTYSTRAND

THEATRE Sunday, Mon. and Tues.

THEATRE 4—DAYS—4 Starting Sunday

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Columbia Theatre I! STAR THEATRE

4 Days Com. Sunday, April 24. MONTE BLUE In Paramount’s Magnificent Production of “THE KENTUCKIANS” From the Famous Novel by John Fox, Jr. A Romance of Fued in the Blue Ridge Hills and of Love in the Blue Grass Capital —Extra Added Attraction— Christie Comedy “WEDDING BLUES” Thursday, Friday and Saturday DOROTHY GISH in “THE GHOST in the GARRET”

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4 Days, Com. Sunday, April 24. Here We Are Folks! The Big* Broadway Hit You Have Been Waiting for All Season. , Marty and Dorothy Arnold's NORTHLAND BEAUTIES In the Biggest Musical Comedy of the Year “CATCHING UP” A Real Miniature “Follies” from Girls to Giggles —Extra Added Attraction— “THE PALACE OF DARKENED WINDOWS” With An All Star Cast The Most Gripping Mystery Drama Ever Screened Coming Thursday “MYSTA” The Moon Girl and .Other New Features

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