Muncie Post-Democrat, Muncie, Delaware County, 5 August 1921 — Page 3
Friday August 5,1921
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NEWS OF THE FINANCIAL AND INDUSTRIAL WORLD
1 Pi’esidcnt Harding’s announcerac it of a comprehensiive' financial i>lan for Hie disposal of pending railroad 'questions, for handling prohlefti's relating to the exportation of cotton and for rural credit generally, has been the leading constructive element in this Week’s development. The plan, announced, will put no new raiiV5ad burden on the Treasury Department except that of temporary financing, but should result in relieving the railroads to. a very considerable extent. What railroad investors think of the suggestion is shown fey the renewed strength of the rails and the fact that the public is again exhibiting genuine interest in them The announcement furnishes additional evidence of the President’s disposition to do what is feasible in aid of business. Preparing for Better Trade That the country is preparing for a very much better trade situation in the autumn there pan be no question, This is the general opinion both of industrial and commercial authorities, practically all of whom are agreed that indications now favor a distinct oven if modest upturn in the volume of business at the opening of the coming autumn. It is not to be denied that in the meantime there is still more or less adjustment to be effected in certain lines before the situation can be regarded as normal; additional j dividend suspensions this week make this clear. It should be remembered, however, that these are merely the leftover results of past depression which is now made known. Both in: the steel and leather business the outlook for the coming months is decidedly improved. In other lines also the better conditions which had been developed during the spring have been maintained. This is notable in textiles and other immediately consumable goods. Revival of building is responsible for better demand for cer-! tain classes of steel products and if • present expectations are realized the railroads, which consume nearly 50 per cent of the steel output, ought shortly to be in a position to materially increase their orders. Strength of American Position Figures complied by the Federal Reserve Board show that decided progress has been made in restoring a normal position in banking and currency. This progress compares most favorably with what has been done in other countries, the United States standing almost alone in its sucess in restoring a sounder financial position. Wage and other industrial figures also show that costs of manufacturing are being reduced, and although costs of production are still too high, particularly in the labor item, they are receding. The result ‘-^uM he + o place TT - !L 1
where fdreigb products Mv6 m #e#rs past held their ground. The supposed advantage obtained by countries of low exchange will not be permanent. American exporters may therefore safely look forward to early restoration of their foreign business on a moderate scale provided that satisfactory erctiit is extended to buyers in other countries. The furnishing of such credit still remains one of the principal problems to be disposed cf. Clearing Up Difficulties Completion of the sugar financing for Cuba Cane during the past week ifl i:i0 first ini port ant step toward definitely ending the difficulties which have grown out of the Cuban sugar crisis. That Govern .lent assistance of some sort in aye be needed before' there is complete Restoration of normal conditions in Cuba is the prevailing belief. This, however, is now in a fair way to be afforded, the Government furnishing at least a general moral support for American bankers in the advances which they are expected to make to the Cuban Government. At the same time action of a number of the stronger banks in definitely writing off losses and adjusting relations with concerns which have been in difficulties is tending to create a much more stable commercial situation than has existed for a good while. If President Harding’s plans for tax reform can be nut into effect without too much delay, the opening of autumn and the realization of the proceeds of abundant crops should combine with the improved situation in general business to start the community toward prosperous conditions. An unfoi'tunate feature of the past week was a small new crop of dividend suspensions or reductions. Market Review and Outlook The upward movement ot the rails, consequent upon the good news of the Government’s financing plan, has been in a measure offset by reactions of prices industrial shares, particularly in some few issues that have occupied a more or less vulnerable position. Weak spots must necessarily crop out occasionally under present Conditions, but these are gradually growing less and less and the foundation is undoubtedly being laid for higher prices when the vacation period j is over.. Plentiful supplies of money ' are always an incentive for pool managers to advance their favorites and before many months history is bound to repeat itself in this respect. There is no expectation that the market will be anything like a runaway affair, but with the outstanding bear account well extended, liquidation at an end, low pri' , ' ,t - foT* '^ost stocks and, last bu 4- ' '>"« is
FAGS f
Weekly Marketgram
United States Bureau of Markets and Crop Estimates Washington, D. C. For week ending August 3, 1921, Grain Good export business in wheat was the principal factor in the week’s markets. Falling off in export demand on July 28th together with exceptionally hgavy receipts and an unsettled cash market resulted in a lower trend until August 1. On August 1 and 2 there was a firm undertone but sentiment was mixed and the extreme advances were not maintained. Lack of public buying was another factor in the market’s weakness. Corn prices followed the lead of wheat and a lower trend was in evidence most of jthe week. Corn export inquiry developed toward the end. Rains have checked crop deterioration. In Chicago cash market No. 2 red winter wheat closed $1.22; No. 2 hard at $1.23; No. 3 mixed corn at 58c; No. 3 yellow at 59c No. 2 new white oats at 34c. For the week Chicago September wheat dropped 3%c closing at $1.23%; September corn dropped 2% closing at 58%c. Minneapolis September wheat dropped 2c closing at $1.29%. Kansas City September wheat dropped 5c closing at $1.12%. Chicago December wheat closed at $1.29%. Kansas City December wheat close at $1.16%. Dairy Products Butter market very firm. Demand active for best grades which have been short because of hot weather .defects. Receipts show slight shrinka.ge. Storage holdings increasing moderately but the shortage under a year ago is now over 8,000,000 pounds. Prices of 92 score; New York 45c; Chicago 43c; Philadelphia 44%c; Boston 45c. Hay ! Timothy market rather firm on the ' higher grades because of light offer- 1 ings. Good demand at Chicago and Minneapolis. Poor hay selling slowly on all markets. Prairies in good supply with market easy. Alfalfa receipts 'ligiljt but deni and, 1 linfitec l L Qupted August 3rd, No. 1 timothy New York $33, Philadelphia $25, Chicago $20, Minneapolis $18.50, Atlanta $27, Cincinnati $21. No. 1 alfalfa Memphis $21.50, Kansas City $18.50, Omaha, $16.50. No. 1 prairie Chicago $17.50 Minneapolis $14.50. Feed Mill feed demand inactive. Cottonseed meal offerings unchanged. Very little buying of new crop meal at $3-4 per ton discount under prevailing quotations. A few markets report jobbers selling a car occasionally to the country trade and going short. Linseed meal and gluten feed firm. Hominy feed dull. Flour middlings and red dog in better supply. Bran demand very light. Quoted August 3rd. Bran $14, middlings $14.50, flour middlings $20, Minneapolis; new thirty six per cent cottonseed meal $41 northeastern markets; linseed meal $40.50 Minneapolis, $44 Chicago; yellow hominy feed $24 Chicago; No. 1 alfalfa meal $18.50 Kansas City. Livestock and Meats Chicago livestock, hogs about steady compared with week ago, having declined about a quarter the last three days. Yearling steers up 20-40c, better grades heavy steers 25c. Cows and
heifers and feeder cattle about steady. Veal calves down 50c-$l. Fat and feeding lambs 50c-$l higher, yearlings and ewes steady to slightly lower. August 3rd Chicago prices; hogs, top $11.55, bulk of sales $9.55-11.40; medium and good beef steers $7.259.65; butcher cows and heifers $3.758.75; feeder steers $4.75-7.25; light and medium weight veal calves $8.25--10; fat lambs $8.75-10.75; feeding lambs $6.50-7.75; yearlings $6-8.25; fat ewes $3.25-5.25. Stocker and feeder shipments from 11 important markets during the week ending July 29 were; cattle and calves 28,747; hogs 2,161; sheep 41,592. Better gradqs of western dressed fresh beef at eastern markets up 50c ower grades down 50c-$l; veal down 11-2; lamb unevenly higher; mutton $1 lower on better grades; pork gencrilly $1 higher. August 3rd. prices ?ood grade meats; beef $15.50-17; zeal $14 7 17; lamb $20-24; mutton ;i5-16; light pork loins $25-28; heavy
loins $18-22.
A “Pig” In the Bed. Many words in everyday use have quite another meaning in remote corners of the country. An auction is a dirty or untidy place; and some rustics, when unwell, tell you that they feel '‘comical.” A pig or piggy is a hot-water bottle—hence the story of the traveler who returned to civilization with a tale that in Northumberland the people slept with a pig in the bed for warmth.—-London Express.
Great Man's Queer Fancy. Daniel Webster had a curious fancy for painting the faces of his cattle. One week the poor beasts would walk around with blue faces, and the next would appear with red ones. The effect was so novel that it pleased him, and from that time forth he changed the color whenever he had a few minutes to spare, anc]^would laugh heartily at the astonishment of his friends when they saw the queer-looking beasts.
Austria’s Salt Monopoly. The Austrian monopoly on salt ruined all the salt Industries for a period of 146 years. There are no data up to the time of the partitioning of Poland, but it can safely he said that the saltmines of Galicia supplied about 100,000 tons of salt yearly, Wielieczka about 24,000 tons and Bochnia 17.000 tons. There were no other salt mines in Poland in the year 1772.—•Baltimore American.
Rubber-Using Insects. When Para rubber trees are tapped, after the gum has run into receptacles and stiffened a species of large black ant is accustomed to cut out piece? of the rubber and carry them away. Bees also find use for India rubber, and some species in South America actually cut the bark of trees that produce resinous substances in order to cause a flow of the sap. The guih is employed by the bees as a readymade wax for their nests.
FREE “Do you write any free verse?” “Yes, no editor will pay me fot it.”
PITY THE POET Editor — I can’t use your poem, but you might leave your address. Poet—!f you don’t take the poem I shan’t have any address,
VJN >K~i Tofc.
BILLY WILLIE. Lillie Willie kissed & maiden Maid from Boston, by the bay. Willie’s lips by. frost were bitten— For him it was a chilly day.
MYSTERY SOLVED Mrs. A.: You say you kept a cook for a whole month. How in the world did you manage it? Mrs. V/.: We were cruising on a houseboat and she couldn’t swim.
NOT EXACTLY ECONOMICAL Has your wife any idea of the use- of money? I should say not; she has an idea that I have a five-foot shelf of bank books.
GOING DOWN. Johnnie: Say, pop, can anybody go to heaven in an aeroplane? Pop: Not by going up, Johnnie.
A CLOSE DIAGNOSIS Doctor — I don’t like your heart action. You have had some trouble with angina pectoris. Young Mzn ( s h e e p I shiy) —You’re partly right, doctor, only that ain’t her name.
SHE KNEW. He: Yes, if there is anything in a person, travel will bring it out. She: Yes, indeed, especially ocean travel.
TAKES WORK. The world owes e v.e r y man a living. Maybe. But you’ve got to b e persistent if you want to collect.
GROW PURPLE VETCH \ FOR VALUABLE SEED Advantages of .Crop Have Been Known for Years. %
IN THE CHILDLESS ERA. Going to the circus? Yes. I don’t want to, of course, but I’ll have to take my v/ife’a dog.
ALL PROMISED. He: Can’t you spare me a kiss? S h e : You’ll have to ask Fred, ; I ’ v e promised them all to him.
It Is Not as Popular in N .Northern States as Common Variety, WBjch Is Hardier and Has Become Established as Forage. (Prepared by the United States Department of Agriculture.) Due largely to the intermediary efforts of the United States Department of Agriculture, 2,400 acres of purple vetch is reported as being grown this year for seed in northwestern California for use in the orchards of the southern part of the state, where it has proven a superior green-manure crop. The superiority of purple vetch in California for green manure lies in the /act that it makes more growth during the winter months and can be turned under earlier than otimr legume crops. Purple .vetch was first brought to this country from Italy in 1899 and its advantages have been appreciated for
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A Field of Purple Vetch. a number of years, but it was not possible to introduce it extensively because of scarcity of seed. In tlite region where it was most valuable it has not been feasible to raise purple vetch in large quantities because of climatic conditions. In the North, on the other hand, the seed can he grown successfully, but there the purple vetch is not in as great favor for forage as common vetch,..which is hardier and has become established in popuiariiy. To make a bridge between the two geographically distant localities has been the work of a number of years of the department exports, ssary to demonstrate .■pie vetch in the ouuiii, ii(a....i*.■ i'dfrLo induce northern farmers to substitute it to some extent for their customary crops. This latter was difficult, because purple vetch was not quoted in the market, and also because, where a sale was effected, farmers were tempted to sell their entire stock, reserving no seed to maintain or extend the acreage. The assistance of a large California 1 fruit growers’ association was enlisted, and last year 500 acres were grown under guarantee, a large portion of the yield being kept for seed. This year northwestern California and Oregon farmers will receive 14% cents a pound for purple vetch seed, which should give them from $150 to $200 per acre in addition to the straw. From now on it is expected sufficient seed will be available for all needs.
VALUE OF UNDRAWN POULTRY
Experiments Conducted by Department of Agriculture Show Birds Spoil Less Quickly. Poultrymen still discuss the relative merits of drawn ami undrawn poultry. Practice varies in different communities. Opening the body undoubtedly exposes the internal surface to the air which always contains mi-cro-organisms, and thus may hasten decomposition; but it should be remembered also that the viscera decompose more rapidly than other parts of the body, and if left they may taint or infect the rest of the bird. In elaborate experiments with drawn, partly drawn, and undrawn poultry, conducted by the United States Department of Agriculture, it was found that undrawn birds spoil least quickly, and partly drawn ones less quickly than the fully drawn ones from which, not only the viscera, but also the heads and feet, have been removed.
BUILDS WEEVIL-PROOF CRIB
FORTUNE FOR TWO BOOKS London—Two first edition copies of Bunyan’s “Pilgrim’s Progress,” dated 1678, were sold here for $12,500 for the pair.
Southern Farmer Demonstrates How Log Building Can Be Made Secure Against Insects. The county agent, of Taylor county, Fla., reports that one farmer in his community has worked out a way by which a log con crib can be made practically air-tight to guard the .corn against weevils. This farmer put three or four inches of dirt on the floor and covered it with another floor. The walls were covered with rougli lumber, and the cracks outside were filled with clay. The door facings were padded with, cloth and the door made of two layers of cypress lumber, with a piece of paper roofing between. This arrangement! cost about $10, in addition to the farmer’s labor. Others in this neighborhood are building cribs in the same way.
j v BRIDAL SUPERSTITION s If you marry in fawn color you will cross the ocean once. < \ Bad luck to cut up your wadding dress. Keep it for luck. z If a bride tears her bridal dress, it; is a sign of much, trouble. / i ^ To he married in a dress tliat has been torn or has hole in it is disastrous. \ i For the groom to .step on the bride’s dress is an omen of ill to her from his hand.. — \ f In Japan a bride find groom must not wear garments of purple, or their love will, soon fade. , i If the brides’ dress, on hor way to fhe altar, catches on anything so as to detain her it is a bad amen. If you hold a wedding dreiss on your lap for five minutes you will be a bride in a year, and if you make.a wish it will come true. _ l If the bride wears some article at the altar worn by her own mother at the altar she will insure a long married life to herself. In Russia, when a girl in moderate ! circumstances is to be married, her. girl friends sew her trousseau. An. omen has it that “a stitch pulled out brings the bride bad luck,” and 'it sometimes happens that a jealous helper will sew wrongly and then pull out the stitches to avenge herself on #.the bride. ^ OBSERVATIONS. / l It is not until late in. life | ? that one discovers bow little 4 i\ there is to miss by living in the t .country. ? v Jf a man is deeply interested i in anything he caa’t be lazy. t ~ ? One wise way of rearing chil- | dren is without too many “don’t f do thats.” | Last man appointed on a comI mittee never expects to pay | much attention to it. The best i “committees” are composed of \ one.
GERMAN BEACH OUTFIT
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BTjTCHER ADVERTISES INSPECTED MEAT
Slillil
SALT
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"Father of the Automobile?" This title was given to Gottlieb Daimler, who constructed the first gasoline engine automobile.
Salt and hot water will thaw a frozen drain pipe. , Salt added to snow makes the mixture colder. ^ i r Salt spread in black beetle haunts will kill the pests.
Salt will remove stains from delicate china dishes. Salt thrown on a fire will extinguish a burning chimney. / Warm water and salt will relieve itching chilblains. , Salt Avill quickly clean a discolored bath or enameled utensil. A lump of salt placed in the sink will keep the drain wholesome. Salt added to the rinsing wate£ prevents the clothes from freezing. Salt placed ih the frying pan will prevent the sputtering of hot grease. Salt thrown ort the fire once a day prevents the'accumulation of soot in the flues. Salt sprinkled over carpets before sweeping preserves the colors and keeps away moths. , „ / STARS AND STRIPES " “Women run an Oklahoma town,” saj 7 s a headline. Well, how does that town differ from any other? There are only two kinds of men \Vho do not understand women—the married men and the single men. There’s a lot of scientific advice about kissing BUT—all it tells is when NOT to. “It takes three generations to make a gentleman, but only one chorus girl to break him. Figures Ue—but nqt when they are in the modern one-piece bathing suits.
GEMS OF THOUGHT All the scholastic scaffolding falls, as a ruined edifice before, one single word, faith.—Napoleon. However learned or eloquent, man knows nothing truly that he has not learned from experience.—Wieland. If people tried half as hard to be happy as they do to become rich we would have very few miserable people.—Louis M. Notkin. Whatever of goodness emanates from the soul gathers its soft h#iio in the eyes; and if tiie heart be a lurking place of crime, the eyes are sure to betray the secret.—F. Saunders.
Reduced to Minimum. English paper: “I found Mr. Cartwright considerably aged. His one black hair is very gray.”
/». ji |1|_OTCTS America and France have nothing on Germany when it comes to beach costumes, as may be judged by a glance at this outfit seen at a bathing resort there. Of course, the outer garment of net lace is discarded before the lady enters tiie water—if she ever does.
Nine Points of the Law. It has been said that success in litigation requires a good deal of patience, a good deal of money, a good cause, a good lawyer, a good counsel, good witnesses, a good jury, a good Judge, and, last hut not least, good luck. But the saying is really a part of the proverb which says that “possession is nine points of - the law,” and that anybody is welcome to the tenth iL they can get anything out of it.
/ Sculpture of Poe. O-ihf Mjorkman, American-Scandl-n,avian sculptor, has created an inv* pressionistic sculpture of Edgar Allan Poe, with the raven hovering over the head of the great American poet. It Is considered one of the most remarkable conceptions of the subject—Argonaut. Evolution of the Harp. The modern harp has been evolved from types found among the Egyptians, Assyrians, .Hebrews, and various Celtic nations. No doubt the harp originated in the archery of olden times, hnd the twang of tbe released bow string.
“Government inspection is your pro . tection, ’ announces a butchering company in Boise City, Idaho, recently. “Look for the Government inspection stamp upon every side of beef, pork, or mutton from which your order is cut. Let it be your guide when buying meat. It symbolizes and guarantees purity and cleanliness. It insures you clean meat from healthy animals.” When laws were enacted several years ago providing for inspection of drugs, produce, and foods generally —especially meats—there was considerable resentment for a while among dealers; but that is seldom encountered nowadays. The modern business man not only obeys the Federal laws, but advertises the fact to assure his customers that the thing he sells is pure, clean, and out of a sanitary plant. Each piece of meat permitted to go into intei’state commerce is marked' “U. S. inspected and passed,” and every can of meat, “U. S. inspected and passed by Department of Agriculture,” assuring the consumer that the product is from animals inspected by the Government, in a sanitary establishment, and that it is sound, healthful, and otherwise fit for food, and that it did not contain any prohibited dyes, chemicals, or preservatives at the time it left the place oD manufacture. Every packing plant doing an interstate or foreign business in meats must operate under inspection. Inspectors are placed in it to see that it is kept in a sanitary condition. Every animal brought to it for slaughter is inspected by an inspector of the Bureau of Animal Industry of the United States Department of Agriculture. If any meat or product is found to be unwholesome or otherwise unfit for food it is condemned and can not be used for human food. All animals are killed under the eyes of the inspectors, and every carcass receives a post-mortem examination to detect any evidence of disease that might have escaped the ante-mortem inspector. Eyery piece of meat when ready to be shipped is stamped under the supervision of a representative of _ the Bui'eau ci Animal Industry, and that stamp carries with it to the consumer an assurance of wholesomeness. Every animal brought into the United States and every one shipped is inspected by the bureau. Dentist’s Memoria!. It is a far cry from the powdered hen-bane seeds, the incantations and pain, the gold rings and ox teeth of the forgotten past to the work of a modern dental surgeon, but like his predecessors in the profession, the modern operator leaves behind him his monument. It may be a cross of gold which he erects to his memory as a product of his mechanical skill, or maybe he has taught the children of the world the secrets of health or the esthetic value of a pleasing smile. —Ex'change.
Common Sense as Ballast. Science is a. good piece of furtirtrrre/ , for a man to have In an upper chamber provided he has common sense on the ground floor.—Oliver Wendell' Holmes.
KELP BOOST POST-DEMOCRAT SUBSCRIPTION H We have a suggestion to make tt> the live democrats of Muncie fc| fcnd Delaware county which, if carried out with the right kind of enM thusiasm and concerted effort, will add thousands of names to the M 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 H individuals who would be benefitted by' the wholesome truths pubH lished weekly in its columns. % There are thousands of mfen out of work in Muncie at the present H 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 \i 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 p 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 h| check covering the amount required to pay for the number of sub- ® scriptions ordered, and mail to the Muncie Post-Democrat. We will H pledge you that every dollar sent in will be used in adding to our W, subscription list. || Do you remember how you cussed during the last campaign bell cause there was no democratic newspaper here to refute the flood of H republican misrepresentations? Now is the time for you to do your H part toward the establishment of a newspaper that will tell the truth H 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 news- ^ paper democracy here has no chance to win in the coming city elecp tion or any other election in the future. It will not cost you much to stand spqnsor for the sending of H the Post-Democrat to five, ten or twenty persons for one year. P The republican line is already wavering in Muncie. The Postil Democrat has a campaign mapped out that will command the atH tention of republicans as well as democrats. Do your part. Mail it Pj in today. If.VA mum
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