davidaulloa/AmericanStories huggingface dataset:
Evening star., 1909-01-24
new YORK BANKS.

NEW YORK. January 23.-The state
ment of clearing house banks for the
week shows that the banks hold $50 1897,
45O more than the requirements Of the %
per cent reserve rule. This is an in
crease of 81. 799. 275 in the proportionate
cash reserve as compared with last week.
The statement follows:
Loans. 81. .335. .045. 900; increase, S., ,9S5, 300
Deposits, $1,417, 776.2 200; increase, $1s,-
316. 500.
Circulation, $40. 113 900; decrease, s321,-
Legal tenders, 1879, 400: decrease, ST.
379 100
Specie. $3O2, s52. 100; increase. S9.5O7. 500.
Reserve, 1884. .S31 500; increase. IS, 12S, 400
Reserve required, 1854. $50; Increase,
So, 025.
Surplus. $3o.as7, 45O; increase, s4.799 o75,
Ex-U. S. deposits $31,942.2 275: increase,
81. 432 800.
The percentage of actual reserve of the
clearing house banks today was 27.4O.
The statement of banks and trust COM
panies of Greater New York not reporting
to the clearing house shows that these in
stitutions have aggregate deposits of
81. .175, 69O, 800, total cash on hand $11S-
GS3, 400. and loans amounting to 81 ,O43, ,37O,-
700.
Money on call nominal. Time loans soft :
sixty days, 2A to 21s per cent and ninety
days. ~ to 3 per cent; six months. to
81 per cent
Close: Prime mercantile paper. 3k to
per cent. Sterling exchange firm, with
actual business in bankers bills at
4.S4Sja4. S49o for sixty days and at 4.S73Oa
4.S13J for demand. Commercial bills
4.s45sa4,s4a4. Bar silver. 01h. Mexican
dollars, 44la. Government bonds steady
Railroad bonds firm.
The F'inancier will say:
The statement of the Associated Ranks
of the city of New York for the week
ending January 23 showed. as a general
feature, the continuation of the flow of
funds to this center. the gain being de-
rived chiefly from the interior. although
the banks in their operations with the
Treasury for the past six or seven days
have gained several million dollars The
increase in cash reported by the banks
for the week ending Saturday, taking
the statement of actual conditions as a
basis of computation, was T.1GS 100. and
since loans remain almost stationary,
showing q slight decrease of only 5000 100
the bulk of the cash gain went to swell
the surplus reserve. bringing that item to
$50, ,922,275, the largest reported at this
season for many years.
The summary Of the state banks and
trust companies in Greater New York not
reporting to the New York clearing house
indicates that there has been switching
of loans from the banks to the latter
institutions during the week. The gan
in loans. mainly by the trust companies
has been $6.S4O, 800. while the net deposits
of these institutions rose $12. 1913 1GO. The
gain in cash of $3,0OO.00 reported by the
trust companies was due mainly to the
fact that these companies will be COM
PEELED by law to increase February l
their minimum cash reserve in vaults Is
per cent.
1t is interesting to note that the trust
Evening star., 1909-01-24
Country Making Progress.

The substantial fact, however, remains
unaltered that the country Is making
progress in steady and careful way to-
ward a period of greater prosperity. and
that so far as the security market is con-
cerned the rate of distribution still easily
maintained by large number of stand
ard stocks Is greater than that which
can be obtained by lending money in the
open financial market.
1t has always been the case in the past
and Is likely TO be in the future that
unless investors are confronted under
such, circumstances with fears and ap-
prehensions of further business troubles
and disasters they will be slow to sell
securities that they own. and will even
be inclined 10 add to their investment
holdings, rightly believing that they can
find no more profitable way of employ
ing idle funds.
The week has been pretty nearly de-
void of important financial or business
incidents. slow decline has been no.
ticed In the price of copper metal, and
although better business is reported in
certain lines Of the iron and steel trade
other lines are still dull
Evening star., 1909-01-24
FOREIGN MARKETS.

LONDON. January 23.-Ciood investment
business on the stock exchange kent the
markets steady during the past week, the
new issues monopolizinS attention The
Russian loan was largely oversubscribed.
but II has since lost it's premium. now
thai the SSO0t0 COO Canadian government
loan at 3a4 per cent Is available and
with the prospective SJ0.OO0, 900 issue Of
Argentine . per cent bonds there is not
much chance of broadening business in
the low-priced shares. Japanese bonds,
however. improved on the good budget
figures and various home rails found sup
port OH the declaration of dividends,
bus consois finished Is lower on the
week
The monetary situation operates against
fresh speculative engagements and al
though larger supplies are anticipated
with the release of the funds that have
accumulated in Paris for the Russian
loan. both professionals and outsiders are
holding off owing to the present scarcity
of cash kaffirs declined at the week.
end on floods in the mining districts
American securities were dull and un-
decided during the week. but values were
not allowed to decline far, and with
the announcement that the Erie bond
issue would be allowed, together with
good buying of United States Steel the
market finished steady at from | to 2
points higher than last Saturday.
BERLIN. January 23.-The tone on the
bourse today was heavy. American Sc
curities were lower on the advices from
New York.
PARIS, January o3-Prices on the
bourse today were slightly weaker. The
private rate OF discount is "a per cent
. decrease Of N Per cent
Evening star., 1909-01-24
WEEKEND IRREGULAR
Final Advances and Declines
Equally Scattered.
NO GREAT DECLINES SHOWN
Liquidating Tendency Carried
Prices Downward.
LOCAL FRACTIONS FEATURES
Decrease in Bank Loans Only Sur
prise in Statement-Haltin Dis
position Of the Market
LOCAL FRACTIONS FEATURES
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, January 23.-Prices of
stocks moved today in a highly irregular
way. They were generally strong at first
under the leadership of a brisk rise In
the American cotton oil common and all
the so-cal1ed fertilizer shares. which was
attended with the same rumors regard
ing consolidation of the chief fertilizer
manufacturing company as those which
have been long heard in the financial
district. 1t is still understood. however.
that there is no intention of placing the
American Oil Company in the proposed
new fertilizer combination, and the strong
probability is that the companys stock
has advanced for the reason connected
or thought TO be connected with the pros
perity of It's own business proper.
In a short time after the opening the
general market displayed signs of weak
ness, and although no great declines were
shown, a liquidating tendency set in
which carried prices. as a whole below
those recorded at the close of business
yesterday. From this level recovery
occurred before the end of the stock ex-
change session which left final advances
and declines about equally scattered.
The feature of the market toward the
close was a decided advance In the Inter
borough Metropolitan bonds and in all the
local traction issues. An explanation COM
monty offered for the heaviness of the
market in the second hour was the cabled
report that the English allotments to the
new Russian loan were selling I'm London
at discount slightly larger than that
quoted FRIDAY,
Evening star., 1909-01-24
LONDON WOOL,

LONDON, January 23.-At the wool
auction sales today 1000 bales were Of
lfered. All sections competed eagerly,
and firm prices ruled. Best greases
merinos. sold better than recently, Ameri-
cans taking crossbreds freely. Home
traders paid Is 11ad for choice washed
lambs wool and Is Sd for choice greasy
Next week $1,000 bales will be offered
Today's sales. follow:
New South Wales. 400 bales: secured
lid a Is sgd; greasy. 412d Is 2lsd
Queensland 1000 bales; secured Is is
Sad: greasy. I'd Is I'd. Victoria, 600
bales: secured Sgd Is Sd: greasy, 61ad
ais Sd. South Australia, 100 bales; greasy
41ad Is 1Ad. West Australia. loo
bales; greasy. 5d 10hd. New Zealand.
.. 800 bales: greasy. 4Md Is 1lkd. Cape
of Good Hope and Natal. 1000 bales
secured. 9d a Is 61ad; greasy. 31ad cad.
Evening star., 1909-01-24

companies report gain in cash carried
as deposits in other banks and trust COM
panies of $13.6s1. 700. 1t is quite probable
that the greater part of the latter item
will be transferred next week to their
own vaults. Government deposits in the
New York banks decreased last week
S1.697, 100. and stand at present only a
little In excess of 1924. 800. as compared
with about $4,000. 900 one year ago
Evening star., 1909-01-24
NEW YORK DRY GOODS.

NEW YORK, January 23.-Dry goods
jobbers closed a good week for this period
of. their spring season. In the primary
market there has been further harden
ing in cotton goods values and more busi-
ness Is being done. Yarns are steadier,
but are still offered at low figures. Fall
ginghams and fannelettes are now gen.
orally opened for the coming season.. The
linen trade is active. Burlaps are In
slightly better call. but at very low
prices.
Evening star., 1909-01-24
Bank Statement Unimportant.

The weekly bank statement was re-
garded as important neither in It's actual
nor average figures. The results accord
ing to both methods of compilation were
nearly the same, increases respective
ly of $4.7O0OO0 and s.. 500, 900 being shown
in the surplus reserve.
The supply of bank cash again heav
lily Increased in both returns, and the
only surprising feature of the exhibit in
any direction was decrease in the bank
loans. although it had been supposed
that the trust companies had, for rea-
sons that are matters of common knowl-
edge. temporarily transferred many Of
their loans to bank 1edgers. The LOCAL
state banks and trust companies them
selves exhibited an increase in loans for
the week Of $6.S0D.00e.
Speculative activity in the security
market has remained almost at dead
center through the present week, al
though in the later portion of the week
the underlying tendency of the market
TO advance was somewhat more definite
ly exhibited than II was previously. Ever
since the rapid upward movement in
prices eliminated about. a month and
half ago the market has assumed a halt
ing and hesitating attitude. which soon
induced. as was inevitable, utterance
OF pessimistic opinions on the part of
great number of habitual professional
operatOrS i'm stocks
Evening star., 1909-01-24

FOR SALE-OWNER WILL SELL AT BAR.
gain shares of stock in a local industrial plant
VIII bear close investigation. Box 1O2. Star
once tal07ts
Evening star., 1909-01-24
The World of Finance and Trade.
Washington; New York; London.
Washington Stock EXCHANGE.

Sales.-Regular call. II O'Clock noon-Capital
Traction IS. $1,000 at 49, 81 .OOO at 1l6, 81 600
at ll5a+. $500 at 115a..
$500 at SSi4.
Washington Rwy. and Elec com. at 41is
at s6a1. 80 at sess. 50 at sSa 8 at ssh, :
at $751;
Bell Telephone OF Pa. at 103. at 103. 10
at 1921.
Mergenthsler Linotype. S at 20sA,. 10 at 2OsA.
Mitchell Mining. 1000 at n. 500 at 3-16.
219E.
National Savings and Trust. 10 at 1871. 10
at 1913.
Union Savings Bank, 10 at 23O
Real Estate Title. at So.
After call-Capital Traction. 10 at 1872.
Mitchell Mining. 100 at 316.
Mergenthaler Linotype. 10 at 2OA
National Metropolitan Bank. 10 at 2l9l2.
United States Trust 10 at 1O111.
Evening star., 1909-01-24

NEVADA MINES.
The bullion output for 1909 will show an
enormous Increase. Agents wanted in Wash
fngton and vicinity to sell mining stocks Lib.
ja22-3t '' ''
Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-12-18
LOCAL FINANCIAL NEWS.

The dealing in gas stock at the meet
ing today of the stock exchange served to
give considerable body to the record Of
transactions. 1t lad an additional inter-
est, due not only to the higher levels
reached in the prices, but also to the
fact that the trading was more general
than has been the case for some days
back.
The stock brought from 1925 to T2ss per
share. The principal buyer bid 721s for
500 shares. but there was no offering of a
block Of that size or, in fact, of any size
except of quotation lots of twenty-five
shares each. There was one exception
when the principal buyer offered for sale
12S shares, which he also bid for and pur-
chased at 721s. At the close the bid for
the stock was 721s and the asking price
72ss.
Announcements Of bank dividends, as
usual at this time Of the year, continue to
be plentiful. quarterly per cent divi-
dend has been declared by the American
Bank; per cent quarterly by the
Commercial. and a semi-annual of per
cent by the Bank Of Washington.
In the bank list the transactions were
no. numerous. Ten shares of the Com
mercfal Bank sold for 1874, and the same
bid repeated sent the asking price to 1851
Yesterday the bid was 1870 and the asking
price 1874. The bid for the Capital Bank
also rose from 205. which was yesterdays
figure, to 2OS1s, but there was no offering
for less than 212
A bid of POI was made for seven shares
OF the stock of the Metropolitan Bank,
but no change was made in the figures
for a quotation lot of ten shares.
Some Graphophone preferred stock
changed hands on about the same level
as of recent days, and the quotations
were about the same at the close of the
trading as they were the day before. A
but there was little disposition among
holders to sell their stock. It is thought
the annual report of the company may
show Improvement in the business OF the
company.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-12-18
GRAIN MARKETS.

CHICAGO, December 1S.-For the third
consecutive day wheat for December de-
livery established a new high mark for
the crop when 1t sold here today at
$1.174 per bushel. Other deliveries.
however, failed to show the strength of
1.-THE current month and during early trad
ing ranged considerably below the final
figures Of the previous session. Light re-
ceipts in the northwest were chiefly re-
sponsible for the firmness of the Deem
Der option.
The market opened barely steady, de-
spite a sensational advance of 11h to
11Ac at Buenos Aires initial quotations
being a shade higher to Aaas lower. with
December at 1.16A and May at I1211 to
LIB After selling of to 1.16a the price
of the December delivery was quickly
bid up to 1.17N by shorts. May. however,
sold off to 1.12.
belt caused renewed liquidation in the
corn pit, which resulted In further de-
clines. Support was extremely meager.
Prices at the start were unchanged to
3sah lower. with May at 65sa657s Later
the May option sold off to 65A.
Oats were dull and weak. The heavi-
ness of corn was a leading factor. The
May delivery opened y to u lower at
4411a443s, and sold off to 44ssa44k.
Provisions were weak early in the day
OWING 10 llDeFaI safes Dy commission
houses and packers. The selling was in
spired to some extent by larger receipts
of live hogs here than had been esti-
mated. Prices at the opening were 2laa
10 lower.
Extreme bullishness marked wheat
trading during the final half of the day.
the bulge at Buenos Aires being the chief
inspiration. Late in the session Decem-
Der advanced to 1.19 and May to LIN
The market closed excited and strong
with prices almost at the top, Decem-
Der being up 2B at liz and May up la
lis at la.
The advance in wheat caused a little
firmer corn feeling during the final half
of the day. but all of the early loss was
not regained. The close was steady with
May 1saA lower at 651aa65ss.
Close: Wheat-Decensber 119: Nav
LA; July. 1O4.
Corn-December. 61b: May, 651sa655s;
July. 65A.
oats-December. 43A: May. 44N; July,
42S.
Rye-Cash. 77s: December, 76; May,
79aSO.
Bariey-Cash, 53a7O
Timothy-March, 3.95 to 4O5
Clover-March. 1928.
Pork-January, 21.97k; May, % o.; July,
21.95.
I.ard-January. 1890; December, 1900:
May, 1895; July, 1900.
Ribs-January. 11-9O; May. 11.47h; July,
11.471s.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-12-18
WEEK ENDING DECEMBER Is, %

President Taft nominated Judge Horace
H. Lurton Of the sixth United States cir
cult court as associate justice of the SUI
preme Court and Judge George H. Car
penter of the city courts OF Chicago as
federal judge in that city: the President
returned to Washington from New Haven
and later left for Watertown, Conn.,, to
attend the funeral of his sister-in-law
Secretary MacVeagh, announced the de-
tails Of the enforcement Of the new cor
Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-12-18
LONDON MARKET.
,ecial Cablegram to The Star.

Special Cabegram to The Star.
LONDON, December 1S.-Trading was
nfeless on the stock exchange today. but
the tone remained firm. with prices show
ing Il number of gains over yesterday
Consols were unchanged. but home rails
and mine shares showed fractional i'm
provement.
In money there was a somewhat easier
tendency. discounts declining to 1915
per cent. At Berlin a decline Of "a OF
per cent occurred. and Vienna an advance
of h.
Paris exchange on London quarter CEN
time higher at Is francs % centimes. Ber-
lin rate. quarter pfennig higher, at 20
marks A. pfennigs.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-12-18
Bank Statement.
BALTIMORE GRAIN.
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE. Nd. December 1S-WHEAT-
Easier; spot contract. T1.2lh; spot No red
ceipts, 2.776 bushels; southern on grade,
1.13La1.2l.
CORN-Easier: spot contract. 65La6JA: year
65Ha65%: January. 65ha65E: February fSf3a
66,. March, 66A aG6.f: steamer mixed. G2A; re-
ceipts, 154 1877 bushels; exports, II, 143 bushels.
southern white corn. 82lsa65; southern yellow
corn, 62h a64I.
OATS-Easier: No. white. so; No. 3 white
4sa49: No. mixed, 47aa4s; receipts ,75o
bushels.
RYE-Dull: No. 2 western domestic, SU1saS1:
receipts, 1870 bushels.
= HAY-Ffrm, unchanged.
GRAIN FRElGHTS-Dull, unchangel
Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-12-18
Treasury Statement.

Inc condition OF the Treasury at the beginning
OF business today as follows:
TRUST FUNDS
sIold coin .$s76 OsO $50
silver ooihrs :.:.--............. 4S9. O66. 600
si,ver oonafs OF 1880 1891 600
silver cefuncates outstanding 4S9, 066 600
GENERAL FUND
STANDARD silver dollars in general fund $517,325
SuIrsnt liabilities; 100. 80, 800
Working balance In Treasury Offices % 5SI 59S
In banks to credit of treasurer of
the Y. s.. .:............... 1921, 7oa
Suosiaiary silver coin ----......... 1855. 269
ninos COIN $1,000. 1907 DAT
Iotai balance IN general fund. 20, 13S, 1873
Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-12-18
Washington Stock Excnange.

Sales.-Regular call. IL O'Clock noon-Capital
Traction is. $500 at 113h
Potomac Electric Cons. S. 81, 900 at 1902
Washington Cas- % at 72ss Is at 72M, 25
at 72As, 3 at 72as. 10 at 72ik. rs at 72A Is
at 12A % at 72h. p at 72A % at 72h,
Commercial National Bank. 10 at 1914.
Graphophone pfd., 10 at 8s, 10 at 3O3s 10 at
81, 10 at 304s. 10 at 3Oh, 10 at 3O1&. 10 at 8OM
After call-Potomac Electric Cons. IS, 81, 600
at 1O2 81. 900 at lO2.
Washington Rwy. and Elec pfd 10 at o.
20 aft 9lA
Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-12-18
STOCKS ARE STRONG
Half Dozen Issues Show Par
ticuIar Strength.
DISTRIBUTION Is NARROW
Railways Lead in the Weekend
Dealings.
UNDERGONE CONTINUES FIRM
Substantial Increases in Railroad
Earnings-Gratifying
Trade Reports.

Special Dispatch to The Star.
NEW YORK. December 1S.-Strength
was again characteristic of the stock mar
net for the greater part of the forenoon
session. Particular strength was shown
by a half dozen issues, notably Louisville
anu Nashville. Atlantic Coast Line, Con-
solidated Gas, United States Rubber. Peo-
pies Gas and Baltimore and Ohio. Other
standard issues WIRE firm but not such
active features of interest. On the whole
the market was narrr 81 in respect to the
distribution of business and very firm as
regards the general tone.
4here was nothing novel to be cited in
&C injection with the particular or general
price movements. The course of Louis
Vile and Nashville and Atlantic Coast
Line since the increase of the Louisville
dividend. as contrasted with the behavior
of other stocks after similar developments
in the last few months. betokens a de-
cided change in the market.
For the present the improvement IN
sentiment and the position of stocks is
sufficient to account for the character OF
tie daily dealings.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-12-18
COTTON MARKETS.

NEW YORK, December 1s-The cotton
market opened steady at a decline of 1
to points in response to somewhat dis
appointing cables. Trading was quiet.
but the news, aside from the Liverpool
showing, was considered encouraging,
owing to the favorable accounts from
the dry goods trade and reports of stead
mess in the interior markets, and shortly
after the opening prices here worked up
to a net advance of about 6 to points on
covering and bull support. The official Ma
tional Ginners' figures confirmed yester-
days report of $4,000 bales ginned to
December ID.
Futures opened steady: December. 14.75
bid; January. 1890: March. 1927; April,
Is. 4Oa15.42: May. 1851; July, 1887; Au-
gust. 1873; September. 13.96a13 80; Octo-
Der. 13A.
Futures closed steady Closing bids:
December. 1888: January. 1493: Febru-
airy. 1872: March. 1881: April, 1913:
May. 1880; June. 1880: July, 1850: Au-
gust. 1882: September, 1897; October.
13.4O
Spot closed quiet; middling uplands.
io.iO: middling gulf, 1875; sales, 100
Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-12-18
NEW YORK STOCK MARKET.

Furnished by w. B. Hibbs & Co., bank
ers and brokers. Hibbs building. members
New York Stock Exchange, Washington
Stock Exchange and Chicago Board OF
Trade
Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-12-18
In the District.

The House began the consideration OF
the District appropriation bill, which was
reported from committee heavily cut The
Commissioners sent to Congress the bill
to close up certain stores on Sunday.
President Taft was reelected and At
torney General Wickersham was added as
new member to the board Of trustees OF
the Carnegie Institution of Washington
at the annual meeting in the new admin
istration building. Chang Yin Tang, the
diplomatic representative OF China ar
rived. The forty-th1rd annual convention
of the American Institute of Architects
and the fifth annual show Of the WASH
ington Cat Club were held. Nathan
Straus offered to erect a milk pasteuriza-
ton plant in Washington. DR.. Thomas
Jonnesco, the famous Roumanian surgeon,
discoverer of stovaine, the new anesthe-
tic, arrived and was presented to the
President. kev. DR.. Thomas j. Shahan
was formally invested with the robes of
a monsignOr and domestic prelate OF the
pontifcal household at the Catholic Uni
versity. Mrs. Carrie A. Nation was fined
500 for smashing up the bar at the
Union station. Benjamin Lenovitz. pro-
prietor of the Farmers and Merchants
Hotel, was sentenced for keeping q dis
orderly house to serve six months in jail
and to pay a fine Of $500. William John
son was sentenced to serve four years and
six months in the penitentiary for shoot
ing Burill Johnson. While lighting her
pipe, Catherine Myers, eighty-fve years
twenty-five years of age, and John T.
Lynch. forty-five years of age, COM
mitted suicide. Among those who died
were Gen. William Wade Dudley, Col.
Phil Thompson, DR.. Louis Calvert Mill
burn and James Johnson.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-12-18

Miss Mary c. Boward and Harry L.
Bower. both Of Hagerstown, Md, were
married in that city by Rev. DR.. Kieffer.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-12-18
Liverpool Cotton Prices.

LIVERPOOL. December 1&-ClosinR:
Cotton-Spot dull; prices points lower:
American middling, fair, $50; good mid
ding, S13; middling, sol; low middling,.
1.91; good ordinary, 1855: ordinary, 40.
The sales of the day We're 5000 bales, of
wnicn 3O were for speculation and ex-
port. and included $500 American Re-
ceipts. 1890 bales. all American. Futures
opened quiet and steady. and closed quiet
December. 7.SOh; Overwhelmingly
1-SO11: January-February. 1891; Febru-
ary-March. 7.S7: March-April, 1901;
April-May, 1924; May-June. 1914:
June-July. 1874; July-August. 7921h: Au-
gust-September, 1851; September-Oc-
tober. 7-L31z, October-November, 6Y3:
November 6S5h.