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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Nov 21, 1921
Page
9
The holiday trade outlook is brighter as retailers expect a steadier volume than last year with prices adjusted to reasonable levels. Factories run near full capacity yet still struggle to cover costs. railroads lead wage cuts and rate reductions to ease expenses. Financial markets show cautious optimism with tax relief and bond demand shaping credit costs.
Judge Gary of the Steel Corporation says steel demand has more than doubled in the last 90 days and predicts a return to large prosperity soon. The claim carries weight given his industry ties, though critics want exact production figures and prior levels. The piece notes broader gains in textile demand from longer skirts and cotton use, plus looming cotton supply questions tied to the 1921 crop and boll weevil impact.
The Washington Post reports Winchester Virginia that Robert Conrad post of the American Legion has closed a deal to buy a large brick building on North Main Street for 36000, with Marshall Baker owner deducting 12000 from the price. W A Baker was reelected post commander. Three Boy Scout troops will be allowed to use the building as before.
The 36th anniversary of St Pauls Methodist Episcopal Church dedication was observed with services led by Rev Dr Francis B Hayley. Rev Dr Charles L Pate preached the anniversary sermon in Baltimore. The church's canon was built under Rev Dr Joseph B Stitt. Terminal gridironers beat Roland Athletic 30 to 0 for 160 pound title. standout defense and a 46 yard TD run highlighted the win.
Special to The Washington Post. Exports of cotton and cottonseed oil rose in October while breadstuffs meat and dairy products and mineral oils fell versus October of 1920. Cotton exports reached 874000 bales valued at 96082000, and cottonseed oil 10000000 pounds valued at 926000. Wheat exports dropped to 18000000 bushels worth 23900000. In Crisfield Maryland, Thomas H Muldourn aged 66 died after long illness. he was a veteran passenger conductor for the N Y P & N railroad since 1884. He is survived by a widow and two daughters.
Paul S. Reinsch says the Chinese Bankers Association offered to pay interest on two China loans from American banks but seeks principal extension. He notes a broad popular movement pushing provincial and national restructuring led by chambers of commerce and educational and industrial groups in Shanghai. The public opposes further foreign commitments until internal reforms finish. The Pacific development loan and related revenues are tied to an American consortium, raising fears of international control. The government may renegotiate the loan, but the people would oppose such a commitment.
London stocks show mixed gains as gilt edged issues attract buyers while rail shares falter amid talks on reduced freight rates. Armaments drift lower after disarmament proposals. Royal Dutch shifts to potential in script dividends. petroleum exports and rubber sector movements shape late rally.
Paris financial circles report continued low sentiment as Berlin’s influence and the reparations commission’s slow progress dampen activity. Bond prices fluctuated with limited demand while the Credit Nationale long-term loans showed modest revival.
The Post's campaign to award fifteen automobiles and other prizes continues as official counting begins after mail-in votes arrive. Auditors will open the sealed ballot box tomorrow noon and publish results soon, with many candidates already awaiting word and supporters watching for the final tally.
Berlin reports a shift toward consolidations and merges as major concerns plan fusions and absorptions. Hamburg America and Lloyds lines weigh a hatchet buryment, while Schwartzkopf and Hartmann steer toward a union. Strong gains and foreign interest accompany this industrial consolidation trend.
congressional leaders warned adjourment hoped by Thanksgiving hinged on Senate and House approval of the conference report on the tax bill by Wednesday night. The House planned to take up the report today while the Senate debated the Ford Newberry election contest with little chance of a decision this week.
William W. Evans and Mrs Ella M Morrt of Pennsylvania wed at the home of Reverend G A Ray in Amherst. Walter Hil and Miss Pattnabett Bell of Lynchbute were married by Reverend J T Ward at the Methodist Protestant parsonage.
London reports the Sunday Times editorial warns that without U S leadership in world finance a catastrophe looms. It cites Germany's January 16 payment issue and urges America to follow the Bank of England in mobilizing gold to back loans and stabilize credit amid looming European insolvencies.
The Virginia obituary roundup reports multiple deaths on November 20 across Clifton Forge Winchester and Richmond. Notables include Mrs H S Jones of Clifton Forge widow and mother of one, and Confederate veteran Humphries aged 86, with funeral plans in Clifton Forge. Other notices honor James T Grubbs of Richmond who served in the Stonewall brigade and Corps James M West of Morristown Tennessee, both buried or honored in nearby cities.
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