davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-10-28
FINANCE AND TRADE IN
MARKETS OF THE WORLD

borrowings are supposed to be transferred
to New York 1t is reported that this con-
dition prompted the New York bankers to
advise Secretary Shaw against treasury
measures that would make large additions
to New York bank reserves at present, as
it was believed the result would be to ia
cilitate an export movement of gold and
thus go to the relief of foreign money
markets rather than ours. An alternative
which was adopted of stimulating bank
note issues which are available for the cir
culation. but not for bank reserves was
regarded as better adapted to the needs
of the present situation. Rates for call
loans have declined in New York this week.
but rates on time loans have been firmly
held at per cent. and for some periods
premium There has been renewal of the
demand from the interior both west and
south to meet harvesting needs.
1t is not believed that adequate provision
is yet made for the remaining needs Of
foreign money markets before the end Of
the year. The possible necessity of liquida-
ton of securities to meet the situation has
a natural effect in hating speculation.
The bond market has been dull and ir-
regular.
United States bonds were unchanged on
call.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-10-28
NEW YORK BANKS.

NEW YORK, October 27.-The Financier
says this week:
Expectations on Friday that this weeks
official statement Of the New York as
ISOLATED banks would shoy a serious i'm
pairment of surplus reserve-as the result
Of a large loss in cash and a considerable
expansion OF loans and. consequently, Of
deposits and Of reserve requirements-were
not realized, because, instead Of an in
crease, there was an important contraction
in loans. Therefore, though the cash de-
creased, the deposits and reserve require
ments were also diminished and hence the
reduction In surplus was comparatively I'M
important 1t seems quite probable that
the decrease of 20025, 300 in loans shown
last week was due to extensive liquidation
in this item in this as well as in the
previous week, because of the severe ten
sion in discounts in London, which was
directly reflected In our stock market. The
foreign loans that were repaid in the Brit
ish capital were most likely replaced in
New York, but largely with institutions
other than banks so that such replacement
was not shown in the statement, this ex-
hibit embracing only operations of the
banks. The cash loss indicated by the
bank return was $7,435.9OO; this loss re-
suited chiefly from the movement hence
of currency to the interior which has been
In progress with gradually accelerating
force for the last fortnight. The offsets
TO the drain were comparatively light, in
SiuuH6 oil arrival Ol Oilo ana Cnreo-Quafl6T
millions gold from Europe and the return
Of one million from Canada: the transfer
hither of three millions from San Francisco
on Friday representing Australian gold.
counted for only one day in the bank aver
ages. Deposits decreased, $27, 634 500; this
Is $173,3O0 more than the sum of the con-
traction in loans and the loss of cash, so
that the statement showed a good proof.
The required reserve against general de-
posits was reduced s6,9OS,625 deducting
which from the decrease in cash left $527,-
2I5 as the reduction in surplus reserve to
$o,673,575 Computed upon the basis of de-
posts less those of s23,642, 600 public
funds-which it may be noted, were 81, 1885,
400 below those of the previous week-the
surplus is $11,5S4,325. The daily average
OF bank clearings last week was s344, OOO,-
OIO against S343, 100000 in the previous
week; clearings on Saturday rejecting FRI
days business were 1926, 997, $40. Com
PARSONS of loans by individual banks show
that six institutions reduced this item
$lS,UoO,COO; eight banks lost $1,000 COO net
cash.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-10-28
STOCKS IN LONDON.

- LONDON, October 27.-The monetary
situation was the dominating influence on
the stock exchange during the week. The
possibility OF the gold reserve being de-
pleted, combined with fears Of another
increase in the Bank Of Englands rate of
discount. caused much apprehension among
the smaller SPECTATORS. who hastily sold
prior to the settlement, rather than pay
stiff rates, to 8 per cent. for loans to
carry over their commitments Consequent
ly, the movement of prices was downward
till the completion of the settlement, Fri
day, when the monetary prospects bright
ened considerably, the per cent bank rate
proving effective in stopping the American
gold demand and precluding the possibility
of continental gold purchases, while the
gradual influx of gold, combined with the
probability of the Bank of England secur-
ing the 100000 available next week. en-
couraged the market considerably. Gilt
edged securities advanced, and home rails,
which were proving attractive to investors,
jumped up smartly. The week closeu with
prices frmer than tor some time past.
Mexican rails were the feature of the week,
with a sharp rise, due to the Unexpectedly
good dividends
Foreigners generally were firmer at the
weekend, owing to the discount rate of
the Bank of France remaining unchanged
Russian bonds improved to 6M per cent dis
count, while Japanese bonds benefited by
the statement of M. Takahashl, the Japa-
nese financial agent, on the finances of
Japan.
Americans appear to have felt the mon
etary pinch more than other securities. A
large portion of the account was shifted
to New York by sales before the settlement
but much nervousness was displayed here
in handling the remainder, and although
Secretary Shaw's announcement of assist
ance to the market caused a temporary
rally it failed to stay the downward move
ND rot ft,fcb bod t1o ool-
one to two points lower. a portion of the
earlier decline being wiped out by todays
rally.
Kaffirs, after a dull week. showed signs
of recovery. Diamond mines continued ac-
tive, the new Vaal river showing net gain
of six points.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-10-28
Draining the Zuyder Zee.


The dream of the Hollander-the recla-
nation of the Zuyder Zee-is now ap-
preaching realization, we are told by an
editorial writer in Engtneering-that is,
legislation looking toward the beginning of
work has now been secured. The Zuyder
Zee is nearly one-sixth as large as the
whole of Holland, and enough Of 1t will be
turned into dry land to make the country
larger by one-eighth. This huge drain
age scheme has been under discussion TWEEN
ty years, during which time the plans have
been considerably altered and modified.
Says the paper named above:
THE present Zuyder Zee Is the outcome
Of number Of floods, the area which 1t
now comprises having originally been firm
land. with only moderate-sized lake; but
the North sea by degrees swemped the
whole district, Its ravages. of which &C
counts are recorded as far back as one hun
dred years before Christ, eliminating in
the floods Of ITO, 1277, 1887 1887 and 1852.
It has long been the ambition Of the Dutch
to restore their country to what may be
considered its original size, and in some
thirty years they hope to have comprised
1t. The area of Holland at present is about
5000 square kilometers (about 10000
square miles), and that Of the Zuyder Zee
Q. $50 square kilometers; the depth varies
from about II feet to about 20 feet at the
deepest; It Is proposed to leave lake of
some / 200 square kilometers, but the rest,
excepting. OF course, the necessary canals.
Will, ACCORDING 10 the present plan, De trans
formed into marsh land. The first and
most vital part of the work Is the con-
struction Of a dam, nearly twenty miles
long, proceeding from Ewgk, in North Hol-
land, by way of the island OF Wieringen,
to Piaam. in Fiegland. This dam. which,
it Is calculated, will take some eight years
to complete, will turn the Zuyder Zee into
lake. The breadth of this dam. 10 feet
above the level Of the sea, will be thirty
feet, and on its inner slope it ia proposed
to construct a double-lined railway and a
roadway twenty feet broad. It goes with
out saying that this will be q very diff
cult dam to build, considering the always
present risk of floods and the power of the
breakers. simultaneously with the work on
the dam, the canalizaton of the area in
side 1t will be taken in hand. The laying
dry of the area to be reclaimed will. ac-
cording to the present calculations. extend
over some twenty-four years, and will be
done piece by piece. 1t not being considered
advisable to 60 ahead with second piece
until the first has been covered with vege-
tation. The Dutch have immense expert
ence In this kind Of work. and have always
acquitted themselves exceedingly well. The
cost of the whole undertaking IL calculated
at about R12600.o00, but In spite Of this
heavy expenditure. the undertaking win no
accidents befall IL.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-10-28
Money! in London.

LONDON. October N.-Money was still
scarce in the market today, but was OBJ
tainable at slightly easier rates. Discounts
were firm on further exports of gold to
Egypt.
Trading on the stock exchange continued
cheerful, with good Investment purchases
of home rails, which Impaired steadiness to
the rest of the market. Consols were main
tanned.
Foreigners were quietly firm.
Americans were well supported for New
York and local account.
Baltimore and Ohio, Union Pacific and
Canadian Pacific led the advance The
market closed steady at about the best quo
tations of the day.
In the mining market Vail river was
again two points dearer.
Japanese imperial skies of 1904 closed at
1O1A
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-10-28
COTTON MARKETS.

NEW ORLEANS, La. October N.-Cot-
ton-Spot closed easy, Mc lower; middling.
10 9-16c Sales were 1925 bales on the spot
and 800 to arrive. Futures opened barely
steady, to points net lower. In addi-
ton to prospects Of good weather over Sun
day, considerable selling at the opening
and last nights visible figures helped to
put the market down. 1t was steadied
somewhat by weekend coverings. The
close was barely steady, II to 10 points
under yesterday.
NEW ORLEANS, La, October N.-Cot-
ton-Futures closed barely steady.
January, 1924: February, 1880; March.
1914; April 1910; May, 1887; June. .1O.62;
July, 1865; October, 1925 bid; November,
1913 bid; December, 1918 bid.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-10-28
FOREIGN BoURsEs.

BERLIN, October 27.-Prices on the
bourse today were easy, on account of
monthly settlement.
PARIS, October 27.-On the bourse to-
day a rumor that an attempt had been
made on the life Of Emperor Nicholas and
the death of L. Leon, a speculator on
large scale, adversely affected prices Rus
sian imperial tours closed at 700 and
Russian bonds Of 1904 at 485.OO
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-10-28
NEW YORK DRY GOODS.

NEW YORK, October 27.-Large sales Of
white goods have been made recently in
the dry goods market and fine cotton mills
are taking orders for a year and a half
ahead. Linens are much flrmer in the pri-
mary market. Burlaps have been selling
better. The general outlook is still very
good and prices are quite independent of the
price of raw materials owing to the short
age of supply in most lines.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-10-28
METAL MARKET QUIET.

NEW YORK, October 27.-The metal
markets were quiet in the absence Of cables.
but prices were firmly held. Spot tin was
quoted at 4265 bid. 1885 asked. Lake cop
per was quiet at 21.75a22.50; electrolytic at
p. 5Oa22 co. and casting at 21.25a21.75. Lead
was quiet and unchanged at 6.76ab.95, and
smelter at 62Oa6.30. Iron was arm and un.
changed,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-10-28
Ent,tled to Honorable Mention.

"Of course. it's natural to abuse the
weather man, but I've never seen one who
wasn't a pretty decent sort of fellow.
Take our forecaster, for instance. He has
one trait that has endeared him to every
body who knows him."
whats thatf'
"He never says. 7 told you so.'"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-10-28
NEW ORLEANS COTTON.

NEW ORLEANS, La, October 81
Weeks exports: Wheat. 23s.70O bushels;
corn, 351 961 bushels oats, 1850 bushels;
-four, 1921 sacks
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-10-28
Was a Downward Week.

At the opening of this week there was
spasmodic recovery from the demorallzed
break in prices at the close of last week.
After that a gradual settling to a lower
level developed, which carried prices on
diminishing volume of business back to the
neighborhood of last Saturdays prices.
Mondays strong recovery owed much to
phe demands from an uncovered short in
tereSt and to the market maneuverS of OPP
orators strong enough to contest the posi-
ton of the shorts and profit at their eX-
pense. At the recovery profit-taking de-
veloped on the part of those who had Sc
cured stocks the break or who had
bought on Friday Saturday of last week,
with the purpose of supporting the market
against Generalization without desiring
TO retain their holdings.
The course of foreign money markets has
sent stocks into this market for sale, and
also for domestic account. Large opera
tors have been out of the market, and
banking interests were credited with sem
timent adverse to present speculative &C
tivity. When prices advanced they met
free offerings. There was evidence of sup
port also on any considerable declines.
These manifestations were regarded as de-
signed to maintain the market in sus-
pended condition and to keep speculation
quiet. The desire to await the passing
of the elections was in part the supposed
motive for this attitude. as 1t was sup
posed to be for the laying aside for the
present of some of the important financial
projects affecting railroad systems which
were relied upon to stimulate speculative
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-10-28
Market for the Week Had a
Downward Trend.
SOME LIQUIDATION TODAY
Rank Statement Will Take Some More
Explanation.
MONEY MARKET STILL ACTIVE
Signs That Powerful Interests Are
Steadying the Exchange TIL
After the Elections.

NEW YORK October 21.-Transactions
were not large in the two hours session or
the stock market today. The market was
under pressure for time during the hrst
hour, apparently of speculative liquldation'
but this was completed before the appear
ance of the bank statement, and AFTER the
publication of that buying orders materlai-
lied especially in U. S.. steel, and prices
were bid up sharply.
The closing was in consequence strong
but only moderately active. The bank re-
turn shows reduction of $2I 1874 800 in the
deposit item and of this upward of 100000
600 is in the credit account. How the
clearing house institutions were able TO
effect this showing was the subject OF
mystified comment. The fact has been well
known that heavy payments were being
made this week of maturing loans in Lon
DON and it has been assumed that borrow
ing being done in New YORK with
which to meet these obligations IL mas
been reported that single stock eXchanse
house purchased $20OOO,OO0 of sterling eX-
change bills this week for this purpose.
A possible explanation of the failure OF
the foreign exchange operations to anect
the loan item of the banks les IN the
suggestion that payments of the London
obligations not completed in time
to inquire in this weeks bank statement,
pending the arrival securities shipped
from abroad, but will be thrown over into
future statements. 1t is not believed that
the weeks liquidation of securities will ac-
count for the $50, 200 600 loan reduction,
and it is assumed that other institutions,
especially the trust companies, have taken
over credits to a large extent from the
banks Three-fourths of the total loan re-
duction is accounted for in the returns or
three of the largest banks.
The time money market was reported
strong today, but money brokers reported
that funds were offering again against ster-
ling loans The foreign exchange mar
ket was again weak and discounts eased
in London. The Bank of England shipped
s1,215.OOO to Egypt, but consignment of
over five million of South African gold
arrived in England
Total sales of bonds today reached a par
value of S642 600
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-10-28
Checking Gold Exports.

maturing finance bills are also causing
pressure for their liquidation, and these
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1906-07-26
DEAD NEGRO FOUND.

A dead negro was found Sunday
morning lying on his side of the ILL.,
nols Central railroad track at West
bis head mashed and one shoulder and
arm badly bruised.
The supposition is that the negro
had fallen asleep on the track and a
train struck hin. The man is a vel
low negro, about % Or % years old
and is unknown az West.
1t snot generally known, but never
theless a fact, that there are people
still living who can remember the time
when tomatoes were raised merely for
their beauty as we now raise roses.
| While its beauty was admired it was
considered like the poisonous oak,
dangerous to even handle except by
dark complicated" persons. Years
OF acqnalntanceship, however, wore
of its superstition and few fool
hards" actually owned up to having
tasted the fruit. From this small be-
ginning has gradually grown use
that makes today an industry with a
combined capital Of over thirty mil
lion dollars, which disburses millions
OF dollars to its employees each year
and aggregates an output Of two
hundred and forty million cans.
A. G. Blanchard, the genial cotton
oil man, of Belzoni, visited Lexington,
the home Of his childhood, Monday.
Mrs. Mike Mitterreiter left Thurs
day for two weeks visit to relatives
and friends in Lexington.-Water
Valley Itemizer.
W. G. Sheehy, of Sarasota, Florida,
is visiting the old home at Bowling
Green.
John NJ. Howard, of Durant, is So
journing at Battle Creek, Mich.
j. A, Steele and charming daugh-
ter, Miss Lille, of Acona, made Du-
rant a visit today,
c. A. Weston, of Bowling Green,
visited Lexington today.
Mr.. and Mrs. ], E. Gwin, of Wyatt's,
and Mr.. and ]. D. Gwin, of Tchula,
came over on the noon train.
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1906-07-26
SUMMARY OF WEATHER BULLETIN
FOR WEEK ENDING JULY q.

The weather Of the past week, like
that of the preceding week, was most
ly cloudy with daily showers and
moderate temperature.
There was little variation in the
temperature from day to day, maxi
mum temperatures generally ranging
from 85 to 81 degrees and minimum
temperatures were little below 70
degrees over the northern half Of the
State and slightly above 70 degree
over the southern half. The mean
temperature for the State for the
week was from one to two degrees
below the normal
Showers were quite general over
the State on each day, except Friday
and Sunday, when they We're light and
scattered. As a rule tbs heaviest
rains fell Monday, but in many locali-
ties the showers on Tuesday were al
so heavy and on three other days dur
ing the week local showers in excess
Of one inch were reported. While
there are a few counties in which the
rainfall for the week was deficient,
the average for the State was much
above the normal amount. Dry
weather and sunshine are now needed.
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1906-07-26

Holmes County has sustained Al
Eirreparable loss in the death Of thi.
splendid citizen, which sad event GO.
Cured at his residencem the city d
Lexington, on Wednesday morning
last.
For some time Col. Hooker had not
been in the best Of health, bat his
family and friends did not expect his
death. On Monday morning before,
Col. Hooker was stricken with an at
tack Of apopleyy, and became uncon-
scious from the beginning, and never
regained consciousness Every art or
device known to the medical fraterni.
ty was employed to restore him, but
to no avail.
Col. Hooker was about 56 years of
age; was born and reared in Holmes
County, and was personally known to
every man and woman in the county.
He entered the practise Of law in his
early manhood, and by close applica-
tion, he rapidly rose TO distraction,
and for years was universally regard,
ed rs one Of the ablest and Nest bril-
liant lawyers of the State. His prac-
tice was large and successful, and
enabled him to retire several years
ago. Since that time he has devoted
himself to his private affairs, and to
the management of the Bank Of
Holmes County, Of which institution
he was president, ana had been since
its establishment. lie was q man Of
affairs, of sound. business sagacity,
and was at all times thoroughly mas.
ter Of himself. As a citizen, he was
without reproach, enjoying the fullest
confidence of all with whom he came
in contact. He was a man of his word
which he considered bis bond. Nc
man is ever known to have imputed
to him dishonest or improper motives
His name was a synonym Of honor
integrity and uprightness. He was
an affectionate husband. an indulgent
and tender father, d devoted friend
an honest man, a public spirited citi.
zen, courtly gent nan and q faith.
full member Of the Baptist Church
He will be greatly missed in the com.
nunity.
His remains were followed to the
Odd Fellows Cemetery Thursday by a
large coneourse of people, as an evil
denee of the high esteem in which he
was held. He was Mason Of high
standing. Our sincere sympathies
are extended to his widow and chill
dren in their great atlliction.
The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1906-07-26
LOCAL & GENERAL
KEEPS CLOSE WATCH.

Prof. W. N, Bamberge, the gov
ernment boil weevil expert, who has
been on an inspection tour through
| the southwestern section of the state
reports that the weevil has not YET
crossed from the Louisiana shore and
while the farmers are feeling hopeful
that there will be no invasion by the
pest this year, at the same time they
realize that its coming is inevitable
and are making their plans accord
ingly.
Prof. Bamberge comedies with the
view of Prof. Glenn w. Herrick, the
state entomologist, that it would be
impossible for the weevil to cause any
great amount of damage to the crop
of the present season, regardless of
the rapidity of its spread after reach.
ing the state, for the development of
the crop is well advanced, During
the present crop over 200 Mississippi
farmers, chiefly in the southern
counties, have adopted the cultured
method Of cotton growing recon-
mended by the government, and with
in the next ten days or two weeks
open bolls will commence to make
their appearance on these farms,
while the general crop will be in the
early stages of maturity by the goth
of August.
Prof. Bamberge will not venture a
prediction as to the probable path to
be followed by the weevil after it
reaches the State. Ordinarily, how
ever, it would be expected to traverse
the line Of the river and thus invade
the delta counties, where the bulk of
Mississippls crop is grown, afterwards
spreading into the hill counties.