Newspapers / Greensboro Daily News (Greensboro, … / April 11, 1921, edition 1 / Page 1
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V 0R0 DAILY NEW low Want Alt thm ISews About Buiinett Kad the Ad Daily r i r. I 'l RTxxiv NO. 84 CNTKBKn AS SF.rONIi CLASS MATTER Trujfrni'ykK. ibkksiwuo. s j GREENSBORO. N. C, MONDAY MORNING, APRIL 11. 1921 IUU.Y ON".T. IT.00 ru YtAI DUT AND IUNUAI. uo rU PRICE FIVE CENTS WILL BE WATTS ffiJOT IN 1922 oaething Of Governor's In arts Exterminator Role. i0S WAST0 GET OFF Lson Seemed To Have a ffjtts Obsession For Weeks jfter His inauguration. f 1920 TOBACCO CROP Product off rMlh Ag ivrrnmen S a. 10.(MM.WM) Pounds on i Yled That Nlatlat.cs Too Greensboro amount of Tbt Crwohboro Dally Nest Bureau. 80a Mm'iiHiits National Bank Bldf. Br W. T. HOST. ,.uih ADril 10. "Elimination of ppftll, tne mosquru-B, ..uiM.iia, Mitel of society." Bruce Craven, nitwBDaperH niHiiKnama, aim ,or With them the tomtits of poii L Governor Morrison s inn. Brougni a vmi . k.ra until ihf iiiflprtn Tr r iljlliaor " ,,Eh- una wumr.i uul ... .... .....e, IE lU i it til very clear to the Raleigh jdi If it is too esoteric for the fel- ielwhre. The governor nas m jdwccesafully the realm of Joseph. lUteiman. Henot t larkson nas hit excellency who Joseph waa. -otdbuilding Oovernor Morrison has tllowed J. Caesar ana tne ln- nen Of me Appian v iw iei uy The Mosaic establishment or a M Khool system is more than jterpftrted by the Charlotte states- and the making or watts kins ittiid up against what happened Ml Daivd or Taft. And now the ntor makes an unlicensed Incur into the dominion of the late Burroughs. That gentleman I Mperflcial study of birds and and reptiles. But Governor q has made an exhaustive re- rct He hasn't the patience of Mr. irrwfhi. The old gentleman saw In lomething of Deity. Governor ion wiii eliminate them. They the devil most Satanic. That's thoroughness does. SsTirtheless, there are enough of to make the gubernatorial life tble. They have Infected so others that Morrison friends had been declared by this great snlttt and snake-killer, the finest tin earth, turn out to be just com- titmice. They are actually mos- iota, gnats, snakes and tomtits to ne a year ago were big contribu te the Morrison campaign fund. Witts the Unite Next Yemr. TtJeh makes the introductory re- iu to thj Monday morning sermon. Witts appointment is suing to fur- tat Republican campaign issue rur. It will supply the antl i fiction talking atid writing mi , too. From all sections of the eome evidences that not very e willing for the Watts appoint to ft ind as ther express. on of thj ant Democracy which now hap-' t be Impersonated by Governor jrini the letter-writing campaign Messrs. Watts and Maxwell. 'fP Mori lson refrained from tiQ( the public the letters that he i' la support of both. He is a Mfeace. If he were not he would itlck down to old Trinity and nake .Bruce Craven over the With it It is Droner to suDDose Craven is a snake, because. Ilk? e certainly eats 'em alive. Vft the head is a mighty good te bean a snake. Consequently, Mr Morrison will not ask any l Insects and insectivorous birds Mi h would eliminate to show him rniulles which have been received w dallies have been sent. And ! eome of the governor's most de- onaiapeens hn;e r-een mailed ihe - One of them writes: "I never och about Watts except what SOOUt him. whlrh In mnh th I ewer heard." That's what as- the folks away from Kaleigh 'd not comnrehenri Thev had Governor Morrison delivering on Watts. It was Imnossfhle ise the annnintment with the 'Wtton of the Morrison appointee. Wt To -Get OIT.H -ay or two prior to the Inau- Ue faithful Mnrriunn nr4 ftipped the Dally News bureau off " or all administration "V Th r.-ar , ... Harris Now Denies Slaying Of Elwell Ii New developments have followed the alleged confession by Roy Harris, In Buffalo, N. Y., that he aided In the murder of Joseph Bowne Elwell, wealthy New York clubman and bridge whist expert, last June. Harris, ar rested on a forgery charge, readily confessed, according to the Buffalo po lice, that he and a pal. "Bill" Dun can, were hired by a woman to slay the wealthy clubman. He alleged that the woman, a "Mr.s. Falrchlld," prom ised both of them $6,000 to carry out "the job." Yesterday, however. Har ils "confessed" again, this time that his first "confession" was not true. AMERICA WILL REJECT Tl T, !Jf klckln Watt downstairs, or oirictly, by telling "Watts ' to vt at ti,. ,ki.. F'1 ' never was used. But riTMeac, otftrn was overwhelming. , n Visitors would come from Kllce o? the eovernor with a tts storv Th.r. ,t. ' ret progressive scheme for :i 'MhlBist like Watts. To a biu fallow. J-.. - tt-. -w.: ' " "it "z frthlnf, he sometimes be'ievef I'ta aolnc anythlna; else." I' Vovernnr . """ession the first few weeks. I.TTlrtd out to anybody wh t J Watts. He was not unlike I Tllsed her real beau aim Th. r..n,,.... hu4 "'cantatlons ,a.i..,t ,,,, ..h i to -I.. u j-... I.,. T. ' Morrison was lo t. 11 ' ft- orr I e int wan to I ntead. Watts w JUo Gveror .Morr.son s.u.l fv"r 'tth. "Kreatesf deartme,,! I '1""";;: to be created for th.. studi ;U';1" ' Allies Want To Wash Their Hands Of the Whole Affair. THIS VIEW UNACCEPTABLE United States Insists On Consid ering It With Other Peace Matters. A PRINCIPLE IS INVOLVED Iluffhra Contends Not Only For Inter nntlonnllMtlon Of Ynn, But Also a For Kecoarnltion Of America's Hi Kl.t a As Belligerent. Daily Kewi Bureau and Telegraph Offlc, The Rlgn Bulldlns 'Bf Lrtaaed Wlr.) By C. W. GILBERT. (1'opyrifbt, 1921. by Philadelphia Puhllf Ledger.) Washington. Anril 10. The position of the French government In Its lat est note to this country that the Yap dispute should be settled direct be tween this country and Japan will not be acceptable to the United States. This note was dispatched from Paris prior to the receipt of the latest Hughes note on Yap. But it expresses the real desire of allied nations to wash their hands of the whole dis pute. The same Idea is voiced in allied diplomatic circles here. . The Yap question is an embarrassing one for England and France because they were bound by treaty before this coun try entered the war to give certain German possessions in the Pacific to Japan. The league of nations In awarding Yap to Japan merely car ried out lts conception of that understanding. France and England now hope that Japan will yield to this country's de sire to see Yap Internationalized. And special reasons for that international ization exist now which may de termine Japan to yield which did not exist when the mandate for the islands was given to the Mikado's govern ment. The recent tentative agree ment for the disposition of the Ger man cables centering in Yap leaves three nations in control of the cables landing at that point this country, Japan and Holland It is not impos sible that Japan may see that force of this situation and the embarrass ment in which her resistance to this country's desire will place Great BrllAin and France and for these rea sons consent to international izat ion. At least that Is the evident hope of Europe A Principle Involved. But the settlement of the Yap dis pute will not clear the atmosphere Viat Mr H ughes In his recent note, which was an International bombshell, contended for was not merely inter nat tonaliza t ion of Yap, but the ac ceptance of a principle, namely that this country hail rights as a belliKT ent i h;i t had not lapsed and that t hnse rights hal ben ipnord in 1 he set tlement of a variet y of quest ions and that such seitleutnt was con sen u e n 1 1 y from our point of o-w null and void Y a p and t f i II unt ru t in dinr.-g.iid of If tlu- V Big Losses Revealed In Reports Of Roads For February. GENERAL SURVEY IS MADE Railroad Problem One Of Most Serious Before the New Administration. RATE REVISION PROPOSED iteprescntiitlve Wright Will Ask ( on grreim To Restore Old Hstetv s High Hales Are Preventing: Shipment. Dull Nf Bureau and Telegraph Offlre. Tli Rixn Building (Bf Leaaed Wire) By THEOIIOHE Til. I. KM. Washington, April 10. Serious oper ating losses of the railroads for the month ol February are shown in re ports filed by the carriers with the In terstate Commerce commission, and it it apparent that the railroad problem is one of the most serious before the new administration. A survey of the situation made to nighi by the Association of Hail way Executives, based on the data sub mitted to the commission and the bal ance sheets of the carriers, says t hat the railroads of the country suffered a deficit in February of $7,205,000, while 106 of the '00 roads reporting to th commission failed to earn their ex penses and taxes. Sixteen of the roads leporting oper ating losses were in the southern dis trict. When Congress reconvenes tomorrow Representative Wright, of Georgia, will offer a bill directing the railroads to restore the freight and pussoniser rates that were in effect before the Esch- Cummins transportation act became effective. This would set aside the U5 to 30 per cent Increases authorized by the commission last fall. The bill will stipulate that for 1 months the old rates shall obtain and meanwhile the Interstate Commerce commission shall order an entire read justment of rates, taking Into consld oration present living costs, wages, ex cess overhead expenses and other oper atlng elements This readjustment would go into effect a year hence. Representative Wright says his bl Is antagonistic neither to labor nor the carriers, but that present rates are too high and the railroads are losing money under them because of stagna tion In freight traffic and a slack pas senger traffic. He cites various prod ucts, grown in the southern states and elsewhere, which cannot be marketed because the freight rates are all out of proportion to normal selling prices. Hoover Takes Same View. The argument of Judge Wright that the roads are losing money would seem to be borne out by the survey of the roads themselves tonight. Only a few days ago, incidentally. Secretary Her bert Hoover said that there was "some thins; wrong with transportation" and business Is suffering; because of high freight charges, which hurt the roads as well as the public. That President Harding must discuss the railroad situation In his message and thereafter movo for some readjust ment is taken for granted here. It Is rrlvately admitted In both administra tion and business circles that things cannot go on as they are. It looks like a cut In wages must come; also a cut In operating expenses elsewhere, a lopping off of fat salaries and the elimination of all useless overhead. Figures carried In the survey of the railroad executives, which are declared to be obtained from reports now filed with the commerce commission say (hat the 200 roads reporting represent a mileage of 235.562 miles. Of the 106 roads reporting that they failed to earn their expanses 46 were in the eastern. 16 in the southern and 44 in the west ern district. as a result of the deficit It Is said the carriers fell short $63,604,000 of earning the amount which it was es timated they would under the increas ed rates fixed by the Interstate Com merce commission in accordance with the transportation act. This act di rected the commission to establish rates which would yield to the car riers a return of 6 per cent of their tentative value fixed for rate making purposes by the commission. Total operating revenues for Feb ruary were $406,658,000, or a decrease of 4 1-2 per cent compared with those for the same month In 1920. while total operating expenses were $385. 878.000. or a dlcrease of 7 1-2 per cent compared with February one year ago. The net railway operating deficit, how ever, was reduced 56 1-2 per cent com pared with that for February. 1920. at which time there was a deficit of $16,561,000. Katlmatea Fall Far fthorl. iMiring the six months the increased rates have been effective, having gone into fffnet on August 26. last, the net railway operating income of the car riers has totaled $218,311,800. which would be at the annual rate of return JUDGE J. C. PRITCHARD PASSES AWAY AFTER Judge Jeter Conley Pritchard, Whose Death Occurred At Asheville Yesterday Morning Death Of Distinguished Jurist Occurred Early Sunday. DEATH NOT UNEXPECTED Judge Pritchard Was One Of the Most Prominent Citi zens In the State. TWO TERMS IN THE SENATE New Vnrk. April 1".- The marine telephone cahle 1 1 a. I heel L - u the Ma., had It all the se.sion and hi. nam. I 7,, u the bill across Hut , ,7"' tll the law waa enacted Kr "rpo,ei of --ner t became plain bom a revenue ' Vt iarge-stze.1 .ner:n 1 iPP"M vr' feature ne.. t " revenue meat ' hu ""Wi. h" n"!h'nS ,0 prevent tj" revenue and p.. III,.., 1 hi Ul' K"r,-Tnor think t'.. 87 '''trd him need .. ni. .HColonel Watts tu he-.l tl-. SJ la. , ei. r- " f'.r he tfild wTT urder e t . ta. 11 . mat rU. torr .,'"' th. t or bite Mm as h, aT. "" htm to kno, n 'o.d h 1 shall Kna In VS'I.'U. 'i '. sf I' ly the I nite.l Fhould --.-p.-n In other w rea d : ' v w a : n i of T J .- ' ' o r , f - r e n HSc. I.I!.' ' ' ttuir!-. . r. . Kni;'. nl - ' 'Continued Un I'aice Three ) TO FORM4I.I.V OI'K TOIMV itimumvK phonf: bi.i: first sub til link Hi.- 1'nited States with tulia will he Inr mally opened tomorrow niRht. when I' resident Hardin talks from Wash-ing-ton to . President Menocal in l!a v ana The Washington end of the npeinna will he un.ler the auspu-es ,.f the Na tiimal I'resf cluh and will he held in the I'an-Anien.-an huihliriK In addi thin to the President, nienihers of tin Press club enter'aln as their kii.sis Secretary Hutches. Secretary Mellon. Secretary Weeks. Secretary Henhy. the i'il,..n minister anil other p r. on i ne n ! Served Short and I. una Term Follow Inflr Capture of Slate By Populists and Republicans sturdy Son of the Mountnlns. (IT AMOrlttMl rrwa Asheville. April 10, Federal Judge Jeter Conley Pritchard, of the United States circuit court for the fourth dis trict, died here this morning at 6 o'clock, following- an illness of several months. Death of the famous Jurist was due directly to pneumonia, which developed Thursday and served to ttn- Kravate his previous physical affile Hons. He was In his 6-lth year. For more than 48 hours previous to his death he had been unconscious and while medical experts exerted every effort to save his life, the disease con tinued to fasten its grip While his death was not unexpected this morn ins;, it was a great shock lo members of the family who had kept constant viKll at his bedside. The funeral services will bo held Tuesday afternoon at 3 o'clock from the First Baptist church of this city of which the distinguished Jurist had long been a leading member. The body will lie in state from 11am. to 1 p. m. Tuesday. Rev. Or. W. F. Pow ell, pastor of the church, will have charge of the services and he will be assisted by several other well known divines. Pnnse for 10 Mluutea. It is being planned here today to have all business In the city stopped for 10 minutes as the funeral service oca In. in token of loving respect for the dead official. Messages have been pouring In here today from all sections of the United States expressing sorrow at Judge Prltchard's death. Judge Pritchard. son of Wm. H Pritchard, was born In Joiiesboro Tenn., April 12, 1857, his father being of Irish and Welsh ancestry, and hi mother, Elisabeth Browne, of Irish parentage. - Facing the problem of obtaining an education during the trying days of reconstruction In the south, and fol lowing the death of his father at Mo bile. Ala., his mother Instilled Into his mind and heart those stern precepts of morality by which he has ever been governed. Judge Pritchard, yet In his teens, walked 15 miles across the mountains of east Tennessee and wes tern North Carolina to Bakersvllle where. .arrred- with .. nU ,4 nothing more save the clothe he wore. Eking out his subsistence through toll In the Drlnt shop by day, a desire to achieve fame prompted him to by night search such text books as were ob tainable. Entered Polities In lStn. It was then that he received the at tention of statesmen in North Caro lina and identifying himself with the Rmihilcan Darty. began a career, the prominence and limitations of which were, only stopped by his calling to a reward for servlcea rendered humanity- .... Enterln Dolltlcs ne waa eiectea to the North Carolina house of represen tatives from Mad son county in isst and again In 1887. Pursuing his method of home study until master of Black stone and legal procedure he obtained law license in 1887. In 1888 he was nominated as re publican candidate for lieutenant gov ernor of this state. He then became the caucus nominee of his party for the senate of the United 8tates. and was re-elcted to the legislature In 1891. He was elected for a two-year term to the United States senate. In 1895, which he served, and was elected to the six-year term Jn 1897 which he also served. The establishment of the farmers al liance at this time and its coalition with the popullBt party brought about a change In the political situation and he succeeded in consolidating the faction Into a co-operative campaign and the state went Republican. On April 1. 1903, he was appointed by President Theodore Roosevelt to the Supreme court bench of the Dis trict of Columbia. Upon the death of Judge Slmonton. the rrealdent ad vanced Judge Pritchard to the Judge ship of the United States circuit court for the fourth district. April 9, 1904. which position ho held until his death. As national committeeman and as federal Judge the Jurist received na tional note and In the campaign last fall was prominently mentioned for vice-president of the United States, and at the Republican national con vention was given a complimentary He is survived by his widow. a daughter, wife of Thomas A. Rollins; . l)r Arthur l aoncnui fifcMSaai -t"VK,t-'. III J" v - t ' f I: . ; ? . f - e J"l( ' Momentous Session of Congress Opens Today Peace With Germany, Solution Of Railroad Problem, the Tariff, Tax Schedules and Other Questions To Be Considered. Hundreds Of Nominations Will Be Received By Senate From, the President This Week. ' ill ussdius tami Washington. April 10. The new Re publican administration will get under full headway tomorrow when the 87th American Congress convene at noon for the extraordinary session called a few weeks ago by President Harding. The program tomorrow la expected to be limited to the usual opening for malities, including the adoption of res olution providing for a Joint session Tuesday to hear the President' address and for organisation werk. Committees of leaders, al vitt. -,. appointed JOj morrow to notify th Preeident of tne assembling of Congress, , .. . Domestic needs, including tarifl and tax revision, are expected to be empha sised by President Harding Tuesday, but he also Is said to be planning a considerable discussion of International Questions. Republicans prominent In Congress received reports tonight that he would state with considerable defl- nlteness his attitude toward the pro losal to eatabltrh peace with Germany by congressional action. Tomorrow s program call for reaa- ing in both bodies of the President proclamation calling the extra session and for election of officer. Speaekr Olllett Is to be re-elected In the house after the call of the roll by .tate. Committee lstes also are to be adopted, with Representative Mondell, of Wyoming, to continue a majority leader and Representative Kltcnin. or North Carolina, succeeding the late Champ Clark as minority leader. The usual opening nooa oi diub ana resolutions Is due tomorrow In tne house, but not until Tuesday in tne senate. The first legislative achievement promises to be. enactment of Ihe emer gency tariff bill, vetoed at the last e slon by President Wilson. This I to h Introduced In the house tomorrow and reported during the day of Tues day. It will be taken up lor aeoate Wednesday, and Republican leaders will press for a final vote before tne week-end. Senate leaders also will press the measure, hoping to got it Into the President' hand by next week Work In the senate will begin on th $26,000,000 Panama treaty probably Tuesday. Taken up during the special senate session last month, the senate is under agreement to reach A final vote April 10, with ratification gener ally predicted. A hard fight, however, 1 In prospect, despite President Hard lna'a request tor ratification. It la planned to have moat of th dsbat In Dublin. . . Hundreds ef "nomlnaflons are ex pected to b received this week by the senats from President Harding: Many reoess appointments are to be Included. Among these i the nomination of former Representative Each, of W consln. to the Interstate Comrrterce commission. The diplomatic list Is rcheduled to be headed by George Har vey, of New York, for ambassador to Great Britain. Committee reorganisation ol the sen ate as well as th house I to be ar ranged tomorrow, with Republican rep. reentutlon greatly Increased. Fsw chairmanship In either body will be affected. Doaens of unimportant senate committees, with perquisite cf patron age, are to be abolished. Committee work I to bo begun Im mediately on a number of subjects, In cluding tariff and tax revision, and the American Import valuation, the antl dumping and soldier bonus bills. To expedite the program, th senats finance com-nlttees will start hearing this week on Internal revenue revision, headed y the sales tax proposition. Resolutions lo establish a budget sys tem and to reclarairy federal employes are also to be pressed at once. While the house la engaged largely with fiscal legislation, the senate will work on the Colombian treaty and aft erward take up the Immigration bill, which waa vetoed at the last session. The Knox por.ee resolution and other I toposala for bringing about peaoe also (Contlnusd on page six.) . MR. BUTLERTO ACTAS Leaves Washington Today To Attend Funeral Of Judge Pritchard At Asheville. HARDING SENDS MESSAGE three s lieorge M.. and Attorney Prit. hard, and a sister. Mrs ris. all of Asheville. ' imorrow for Asheville, V... ash i i a: t" ! I,.' IT" H d e ,.f the 1'ri re, t,,r i.f t Mi.' At .1,1 .1. .1. r r t y Te.ep!, ials A.hlr.se! rv Marks. pr I)r I.. S. li..v n Aiiierh an unn.i president of th. and Telegraph will, udent I HAI1II AI.S ARK KI.ATKII OVER l OttHIMIT PAPKH'S Sl' ESS lril !t Dll,lf Urwt- iroerrl.M 1921. b, rtnlaoein,. r... Paris. April 111 Pari rei nil today oer Ihe I first Issue of the i-uiiiinunl Internationale, attain t, the eltv and siihurhs of ulation' of 111" ' is pr ,1a s and ' h "tint I'll I pe ! ,le hire .mil. f .mtii 11 ii 1 i al'.i-.l r-i-i I the Germans Het J It would haw - on the cred till t Pt it. the mo.,uii'.e?. n - ami Itrtic- Oaw k ra t Jt'.vernot. 1- .t tn d0 will Mine r.m rrrait By M1 Apr" I n. Km i r n I ', itJay feiir r. ! ' nil i e T K ,, Monda . 1 err.p--raturt-Ka .i and nrr, T.j. Mav fi w 1 1 N r i ft i k h t n i ii i i k f ;r:.. i ove-r to m f h. .r : : 'hiring tr ;.r,v.(' f,,r mil ;,..! I.,- i.MliH'l-l- '1 . pr " r " h " which ha.l hr Otllr Nt bHfweW al Ttlrapti OnV& Tbt itlw Kuildloc fBr Umm4 Wlrtl Wanhlnjf ton. April 10. Former Sen ator Marlon Butler will leave here to- where h will act an hunorary pallbearer at the fu neral of Judge Jeter C. I'ritchard Mn I'rltrhard requested Mr. Hutler Hi art in thiH capacity and in a telegram to night he accepted and wired hi con- I dolence to the widow of th dlitin- radlcals arej(tulhed Jurist. F-wn that the! I'remdent Harding alio telegraphed a mfmK f aympatpv ta Mm. i-rncn-ard. an fnllowa: 1 hive learned with ileep regret of (he death of Judge I'rltuhard. whom 1 held in great respect and high regard I'ieape a pt annu ranee f vrry gen uine Hympathy and know that many of hif coiinlrynien feel a nhare in th great loo hl death bringn to h Mate and ountry " The rnr-siiage went hy former Senator Bu'ler read "I am deeply dtiT rented at Judge tl II. led in t ;i ! jour na in t the people j ruiiii'ii! Alleged Slayer Of Elwell Says He Wanted To Learn Of His Wife Was "True Blue." HE FOUND THAT SHE WAS liable f.. detinitei .1 tin Pn r h a rd s has deaih. The federal l',st one p.ire.t jiiisee anil Judl snd , of Bhtly ' IT II I I HMH (,T Kill agMiiam IMItl. i v u. -' "' ' ,.n. A,,' ! ' ' ' '''-' ':' . sda 1'' i, n r.l ,s ppi Ti ll:,: s- K'...r..la an I ' i.rtini fa : r with i is -d . :t,g "Hi Buffalo. N- Y.. April 10 Hoy Harrla.l held here by the police on hti oonfea- alon that ha waa concerned In th murder of Joseph li. Elwell In New York laat June, today confessed that his story Is not true. The prisoner had been questioned for two hours by Dis trict Attorney Moore, at the end of which time he made a statement ad mitting that his original declaration wum false. Harris alleged as his reasons for the hoax that he had been separated from hi n wife and had met her again only last we-! and desired to know whether whe would be staunch to him were he m iter i nun trouble. He said that If she U;n not proved "to al and true blue," he would have gone to th electric li:r without regret. Ilrirrifi confessed the hoax to Detect ive Oswald, of the New York force Os w aid says It was through the wife that the prisoner s tale was disproved. He took the wnma n out to th out ing polU-e station where the man was If,, ked Up let them talk for an hoti r or so HetrriH had init- t h I Ins wife nas at M "a' h- ri ties. Oi.t., during the planning f t He K ! murder, while sh.. rift ta ret nhe was with him In New V ' k t hat !.. She said she ga ve '-n, Im i T ltd, i g ;f t of sock a at t hat WALL STREET LOSSES NOT HEAVY BUT THERE IS I 1 , d Krt a biTthtUy present last two t'Mirs of so"ks " said . ,7.' " V7.w " "","r tomtit i -that w)t,. .ar.p,n, , of hi adT ;r. 1'air M.in'la an-! Tues ' .si: e t.-m pera u re i Monijay iair not mu.h terr.perat-re. Tuesday fa r r.s jr. ' eat" 4 l j a . , ; ia s a V - n a tTi'f raf -irs t a F.a and Tu'da iri Ve ! r ris- . i ' rr. p n-l-ived. I'l.tt ::ad ' said y a th r:s. ith hesita- t tfe was In ftt ' said swald aught me T-e . e a 4 Harris a h .tt.s fe.ture. Declines Very Mild In Propor tion To the Bad News. FUTURE LOOKS BRIGHTER Resistance To Pressure Showa the Presence Of Unmls takable Strength. A BULL MARKET IS NEAR Observer reel That Tarsi la the Market la Itete About th R Of This Month Hnrdlr' Polley To Have Welbt. New York, April 10. Reaction from the bullish sentiment of March con tinued during the pat week with but a brief Interlude, but losaej wer not heavy. In proportion to tho burden of bad new which th stock market had to bear during th week, Includ ing many passed dividend and th Hrltlsh coal strike, together with th threatened strike of th transportation and shipping worker, th decline were very mild. A a result th pros pect may be said to have Improved con siderably aince the resistance offered to the pressure showed th presenoe of unmistakable underlying strength. Th market had definitely emerged Into a trading area and th session had become extremely dull with sale on Friday leu than 400,000 hare or near a low record for the year, Many characteristic of the tall-end of a bear market were visible daring th week. There 1 little doubt but that a good deal of quiet accumulation 1 go ing on, both for Investment aad for the pool activities which are a pre liminary to an upturn Just . a tbaar raid on Individual Issues usually ueber . In a period of declining price. , Indication ar that th market will oontlnu to work a little lower dur Ing th next fsw week, with oeoa. slonal rallle a the market become oversold. Just when th turn for th better will come. I, of course, a diffi cult question. Wall street observer who hold that w ar fast approaching a bull market of modest proportion, feel that th turn I du about th end of thta month or In th first week of May, . Fatar Peasloas Taeortala. ,. Sentiment I still sharply divided an th fture of th market, however. On of the big bear house of -till and lliO I still unreservedly bearish! la fact, it can see no bright ray anywhere on the economic horlson, 'It I truo, of oourse. that all eorte of opinion ar necessary to make .a market. There ar many cloud and some of them ar very dark one In th financial sky. but th situation I not so gloomy as th bear would have the rAibllo think. There really ar occasional rift of untight and th outlook seems very muoh like that of September and October, 1111. or April, 19J0, just be fore the two deluge earn, only ia re- ' serve. Then the bull could see no cloud anywhere, although In on cor ner of th picture th cyclone was forming. Today there la light, really bright new In th day to day events, but every straw point which way the wind I blowing and It feels Ilk a soft, warm wind. I It Is worth while pointing out at this tlm that Oovernor Harding, of th federal rsserv system, and various big banker ar quit optimistic a to th futurs. not rampantly so, b It ald, but oonasrvatlvaly. A considerable proportion of th financial community refuses to see th basl of thslr faith. Just about a year ago another' section . of Wall street could not ses reason for apprehension. But why worry? Th lough may not b paased but th county I beyond the middle of It. While th rut of th passage I being negotiated, th apaoulatlv fraternity 111 probably be at the expense . of commissions, but th old well estab lished securities, bought at or nsar' preaent prices, will produce a hand some profit some of tiles duy. , Beginning tomorrow It la likely that an influence which up to thl tlm ha been merely lentimental and conlec. tural will become a . potent factor In the eommerolal.and financial lit ot the nation. President Harding will ' ad dress th 7th Congrea , In special meeting -tomorrow. It I expected and ' ha been widely predicted In Washing ton circle that especial attention will be given to the nation' economic prob lems and that the railroad particul arly will be eoneldered. There seem little queitloa that th administration I keenly lensltlve to th demand of business, big and little, for obstruc tive activity In the matter of tax, th tariff, the railroad, a broad financial policy, funding of various debt Item, to. T Hare Treeaewdoa la . The tm.nitniik In!.,.... , I . - www yrwil- elea or efforts to meet th needs and demand of th country will hav on the security market I obvlou. It -will have it harmful feature In the expectation of all sort of "help" from Waablngton, whether by farmers or -ootton grower of exporter or special iann oenenciaries. Tner will prob ably be too great a reliance oa govern mental agency, to little of self-reliance. . As for new, th past week ha been an eventful one: but o far a stock price ar concerned It ha don very little. Quotation ahew up rather tr- ' regularly, with th entire list looking decidedly ragged. The copper enjoy ed a good apurt during th week and there were advance In th special ties: but th t eel a many of the oil most of th rails, th sugar and son of ihe miscellaneous Industrial gross declined substantially There are several disquieting ele mente In ihe current situation. Chief among them Is Ihe strike of th triple alliance la (treat Britain, the trane portatlon. ahipplng and mining union, with a total of about 4.0,00 member scheduled to begin next Tueeday at midnight. So far oa'y cotton respond ed to Ita Influence here, not even sterl ing exchange suffering mors than a negligible decline. But it Is frsught wnn many aerlou possibilities and th Mnanriai community s living In hope that some settlement will be ieoie.1 -i nere sre oinera. however, believe the ahnwdnwn wlih i-k come sooner or later and that England had better fight it out now. For la some respects ihe same problem affects America, chiefly In the railroads, and the reeulte of the British strike would be tery potent In dictating th course of unionism here. There Is little sew In regard t th nnanrtal aspects of th Inlernatlens po.mcai situation. The Hushce to Foreign Minlsle- Von Ultaoni been variously Interpreted Premier Vivianl. treerSms le toward some arrs.ir.st resetfltlll tb tCoattaued o peg s'x-J th of- vh nuet al nets has Former ferns ! ea page ,iX , :r. rr
Greensboro Daily News (Greensboro, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
April 11, 1921, edition 1
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