davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-07-10

ton at $4,000 bales, against 10000 this
week last year, and the bulls Immediately
claimed that no serious curtailment had
been brought about.
Much interest was attached to the stin
rise in silver in London, for it was felt
that the higher price for pure white
metal would greatly stimulate the de-
mand for the finished cotton goods, es-
pecially in Manchester.
The outside public was In the market
more than for several months past This
made the lack OF professional interest in
the new crop situation all the more pro-
nounced. 1t was estimated that large
planting and spinning interests In the
south were heavy buyers OF October all
week through.
Buying by outsiders put the market
up to it's highest Friday. SO far
as the new crop months was concerned.
July sold at the highest when the mar
ket opened. Liquidation afterward held
the price about a dollar bale down
from the highest.
In the spot market prices first adj
vanced 1-16, but lost the advance and
closed unchanged, middling being quot
ed at 14N against IAN last week and
IL sis this week last year. Sales on
the spot amounted to 1,142 bales,
against 1900 last week and 1850 this
week last year. Sales to arrive amount
ed to 70 bales. against 200 last week
and 1892 this week last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-07-10
new YORK PRODUCE.

NEW YORK. July ?.-Fiour-unset-
eatents, 5,4oa5.7o; winter straights.
spras Clears wintsT Winter
No. /. s.75ass0; winter extras. No 2.
3.50a3.65; Kansas straights. 4.65a4.a5.
Receipts. 1870 barrels; shipments.
415a440: choice to fancy. 4.a5a4.50.
low. 1.4Oa1.4s: coarse. I.s5a1.4o; kiln
dried. 3.25a3.40.
Wheat-Spot. strong; Nc. 2 red. LII u.
elf. to arrive: No. ! northern. 1.27A,
fob. canal boat Options: Wheat was
strong and higher on the government
In check by profit-taking and reports
Of good showers over a large area In
the northwest. closing at 2hc net adj
vance. July. LII %a1.12; closed. LIZ;
December. I.OsN a1.loE; closed. 1.loN.
Receipts. 1880 bushels; shipments.
15,49J bushels.
Corn-spot. steady; No. 2. ssA.
;. s.. lob. So to arrive. option market was was
without transactions. closing unchanged
to u net lower. July closed, 81 ~ I;
September. 6S%; December. S7h. Re-
ceipts: 1850 bushels; shipments. 2.sss
bushels. -
Oats-spot. firmer: mixed. % to 81
pounds. nominal. Natural white. 26 to
81 pounds. 461s to AN: clipped white. "a
bushels: shipments, 2.2s6 bushels.
Hay-Firm: prime. 1.221za1.25: No. l.
1.1711a1.2O: No. .. 1.12ha1-111s; No. 3. LOO.
Hops-Easy; state common to choice
1909, 2la23; 1903, nominal; Pacific coast
1909. Halo; 1905. nominal.
Hides-Easy; Central America. 21ha22;
Bogota, 2la22.
Leather-Dun: hemloek first. 25a27:
seconds. 2oa2a; thirds. l9a22: rejects, 19a
Pork-Firm; mess. 25sOaos. 90; family,
26OOa26.5O; short clear, 245Oa26.OO
Peef-Firm: mess. 1a50al6O; family
19.5Oa20O0: beef hams, 24.00a26.O0.
Cut meats-Steady: picked bellies, 10 to
IA pounds. 171sa19; picked hams. 16a1611.
Lard-Quiet; middle west prime, l2Ooa
1215; refined, steady: continent. 1880;
Taliow-Steady; prime city hogsheads.
ca; country. 6Aa6ss.
Cottonseed oil-Steady: prime crude
southeast. nominal; prime summer yell
Der. 7.33a7.3J: November, 677a87s; De-
cember. 6.5Sa86O.
Petroleum-Steady. refined New York.
bbls.. 7.6o; refined New York. bulk. 4.i5;
Philadelphia. bbls., les; Philadelphia.
bulk. AS.
wool-ouiet; domestic fleece. s2aas
Rosin-steady; strained. common to
good. $50.
Rice-Steady; domestic, 214a6; patna,
5ha8.
enthusiastically: New Orleans. open
kettle. 32a42
Raw sugar-Firm: muscovado. 50 test
8e3: centrifugal. % test. 4.33; molasses
sugar. 50 test. 3.5S.
Refined sugar-steady: cut loaf. sos
crushed. 5.s5: mold A. $50: cubes. $40
xxx. powdered. $50: powdered. 525
graduated. SIS; diamond A, J-15; con.
fectioners' A. 4.95; No. I. 40; No. 2
ass: No. 3. 40: No: =. 475: No: 8: 40
No. s. 4.63: No. I. 4.60: No. g. ASS: No. o
40; No. 10. 4.45; No IL, 40: No. IL. 4.35
No. II. 40: No. II, 40.
Potatoes-Steady: Long Island and Jer.
sey, per Dbl. I. 25a1.62.
Cabbages-Steady; unchanged.
Freights and peanuts-Unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-07-10
PENNSY REDUCING CREWS,
- gs
Traffic Conditions Declared Not TO
Warrant So Large a Force.

HARRISBURG. Pa. July 9-The Penn
sylvania Railroad Company today reduc-
ed the number of freight crews in active
service on both the Philadelphia and mid
die divisions and Is preparing to reducs
the time i'm the extensive shops in this
city.
On the middle division twenty-six crews
VIII be laid of on Monday. twelve rum
ming from Harrisburg. twelve from AL
toona, one from Tyrone and one from
Huntingdon. Three crews were laid OFT
on the Philadelphia division. I'm addition
to three laid OF some days ago.
Orders were given to store twenty-four
engines on the middle division and twenty
have already been stored on the Phfla-
delphia division. On July II four pref
erenoe crews viii be restored. Reduce
lions in the number OF engineers were
made and firemen and trainmen laid
OF.
The reductions are due to traffic condi-
tions, which do not warrant the force
carried lately.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-07-10

NEW YORK, July 9.-The market fol
coffee futures opened firm at unchanged
prices to an advance of points in re-
Spouse to higher European and Brazilian
markets. There was some reaiizing al
the advance. but trade interests were
buyers and prices improved during ...e
morning with the close steady at ne!
gain of 4a7 points. Sales were reported
Of 22.7b0 bags. Closing bids follow: July
6.S5; August $50; September. 100; Octo.
ber. 6.95; November and December. 100;
January. 7.O4; February, 7.05: March
7.O6: April. 7.O7; May. 7O8; June. 100.
Havre was 4 franc higher; Hamburg
was unchanged to " pfennig higher
Rio advanced 30 refs to 4$675 for IS
Santos was firm. As, 4$4OO; rs. $500
Brazilian exchange On London. 1-a2d
higher at 1eAd. Receipts at the tw.
Brazilian ports, 5000 bags. against
1000 last year Jundiahy receipts, 1890.
against ~. 100 last year. New York ware
house deliveries yesterday, 1649 bags.
Spot-Steady; Rio No. Z. T-16; Santos
No 4. 9h. Mild. steady; Cerdova, l0a
121s.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-07-10

true OF iron is also true Of "copper" Pro-
ducttpn OF copper metal has outrun con-
sumption. although Is per cent more
copper Is used now than five years ago.
Railroad Tonnage Heavy.
Railroad tonnage is very nearly top
notch, taking the country as whole, and
the outlook for agriculture is the har-
vestfng Of the largest aggregate crops
ever known. despite some damage to
winter wheat and threatened injury to q
considerable area OF spring wheat. We
are q larger and richer country than
ever and there is and has been no valid
ground for the punishment that has been
financial powers displeased because they
could not have their own way in every
thing.
Fhe forging tells the story of the
stock market and affords an explanation
tor the stupendous shrinkags that has
lamitous has actually happened. The
inturioue events have proved to be imagi-
nary. Those disturbing and distracting
features which have been SO much talked
OF were absolutely lacking in substance
when 1t comes to close analysis.
The resumption OF gold imports was
quite q shock to bearish sentiment. It
was something entirely unlocked for. The
ment of the international balance so as
to run in favor Of the United States
smacked almost of treason. It had been
given out often and emphatically that
the United States was hopelessly in debt
to the old world. and yet here we see
phenomenon Of Europe actually sending
In the yellow metal to settle balances
In our favor.
Europe Buying Of o..
Not only is that the case, but the rec
ords Of the Treasury Department show
that we were able during the last year
to pay more for impprtations than ever
before. Manifestly Europe has also been
buying things Of us. and the signs are
that there has been going on during the
long decline tremendous foreign abb
sorption of American securities. enough
e more than counterhalance adverse
The death of Chief Justice Fuller was
used az q club to hammer the stock mar
ket. Wild-eyed spectators went ABOUT
pen, noW that that the Supreme s COURT N was
crippled IN its membership. Not for a
day or two did calm visit their troubled
souls, and then only when informed that
1t was In the power of the President to
make appointments and convene the Sem
ate In extraordinary session to confirm
them-this without waiting for the re-
converting Of Congress in December. In
asmuch as the Supreme Court recess will
not be over until the middle of October
II was finally decided with reluctance
that the country might survive the lack
Of a full bench a few weeks longer.
The statisticians find that authority
was obtained from stockholders during
the first half year to float s.. S45. OOO. 600
in stocks and bonds. as against $1.40O.-
OO0, 600 a year ago. Not all Of this great
amount has been marketed. corporation
arrangements finding the time unfavor-
able for hotatiOns. The stuff will come
out. however. as fast as new money can
be obtained.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-07-10
CHICAGO GRAIN.

CHICAGO, July 9.-Only bread and seed
left In one state. half crop in another
such were among the differences drawn
significance of the government report as
to the coming yield Of wheat as affected
by drought. In a while of excitement
gains OF as much as SIC q bushel were
made on SOME sales. compared with
last nights prices. but the close found
the market comparatively steady at q
net advance of 2h to &c. So many people
figured on q sympathetic advance In corn
that the result Of their action was almost
rally. Oats. however. finished Aassc to
Nc higher. Provisions also were in the
TIC.
part Of eleventh hour investors than
seemed to have been expected. PROFIT
taking BY longs and covering by shorts
made up bulk of business, though. that
has not often been equaled on a short
day. Light but widespread rain in the
northwest. where the drought has been
worst. did much to temper the effect
Of tina government figures Forecast of
cooler weather had a similar influence.
Cash wheat buyers failed to follow the
advance. but millers said the flour trade
had been helped.
A sharp bulge at Liverpool was largely
responsible for the general buying at the
outset. One OF the results of today's
basis of prices was to stimulate OFFER
ings OF wheat from the country. notably
Illinois and the southwest No CORE
spending increase In demand by shippers
here was noted. There was one cheerful
note. A dispatch from Texas said thresh-
Ing there was about completed, with the
best yield in thirty years. September
ranged from 1.O3as to los. and closed
2Sa2h up at 1.04h to 1.OA1sa1. 04A.
Pressure of selling in corn was direct
ed chiefly against December and May op-
lions September fuctated between COY
and 61%. closing " lower, at coy a6ON.
The cash market was easy. No. 2 yellow
closed at 62A.
After a general rush to cover oats
lapsed into a local scalping affair. For
September the high and low points of
the day were 40 and 39A. with the close
at S91ka39S. which was AaN above last
nights final price.
Hog products We're sharply higher early
with offerings limited. but outside pack
ers came on the market as heavy sellers.
All that was maintained of the advance
till the end was an average of a nickel
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-07-10
FOREIGN MARKETS.

LONDON, July 9.-During the week
the stock market suffered much liquida-
ton In connection with q reported failure
In Paris. which affected practically all
sections. and in the absence of fresh out
side support values sagged all round until
the week end. when moderate buying and
parted a stronger tone. Fears of gold ex-
ports and slight hardening In money
rates. however. checked any substantial
advance.
American securities lost two to four
points early In the week on continued
bear pressure. but recovered on the an
nouncement of gold engagement and the
maintenance of various dividends To-
day. however, the bad government report
on crops brought q fresh break, and I'M
der renewed liquidation the market closed
uncertain and from one to four points
under last Saturday.
The money market showed a quick
change upon the appearance of an Amer
lean and continental gold demand. Dis
count rates advanced sharply on the gold
announcement for New York, which was
considered as a special transaction for
stock exchange purposes. but the belief
mand for gold will commence earlier than
usual and absorb the bulk of the weekly
arrivals available In the open market,
although the exchange rates at present
are against profitable transactions.
Money was in moderate supply and
good demand today. Discount rates were
firm.
Trading was generally quiet on the
stock exchange. British securities and
foreign bonds showed fair strength, but
copper shares and American rails were
weak. The latter opened fiat on the
government crop report and the pros
poets of poor New York bank state
ment Later prices hardened slightly on
a few covering orders, but the market
closed uncertain.
BERLIN. July 9.-Prices were weak on
the b0urse today, following the receipt
Of unfavorable New York advices.
PARIS, July 9.-Prices opened weak,
but closed Arm on the bourse today.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-07-10
The World of Finance and Trade.
Washington; New York; London
new YORK BANKS.

NEW YORK, July 9.-The statement Of
clearing house banks for the week Gave
days. shows that the banks hold ST..
326. $50 more than the requirements OF
the % per cent reserve rule. This is q
decrease OF 1881 800 in the proportionats
week.
The statement follows:
Loans, $1.2oS. O15. 600; decrease. 1854,
Deposits. u.1s4.57s. 400: decrease. s2s..
Circulation. $4s. All. 900; increase. s54. 800
Legal tenders. $50. 77o.e 200; decrease. ST.
Specie. sac. es4. 100: decrease. s11 .a14, 600
Reserve, 1901. 460. 900: decrease. $13,617.-
Reserve required. $685. 14s. $50; decrease,
s.. 925, 100.
Surplus. s11. s2s $50: decrease 81 .5s1. 800
Ex-United States deposits, $11, 75S, O75
decrease. $7.684. TOO.
The percentage Of actual reserve OF
the clearing house banks today was
1865.
The statement Of banks and trust COM
panies of Greater New York not report
ing to the clearing house shows:
Loans. $1.147'S $4,000; decrease. $27.a74.-
Specie. 1921. 100. 100: decrease. 1921. 600
., Legal ;aa tenders. s22.o76.7oo increase,
IOtdi uepOSlts, $1,<4S,S5S,8OO decrease
$41. 1895. 200.
The Financier will say.
An amazing discrepancy marked the
publication of the statement of the AS
ISOLATED banks of the city of New York
for the week ending Saturday, based or
the statement of averages and on the
actual conditions of the institution. In
the average statement the loss In specie
and legals was reported at thirteen and
one-half millions. loans were reported as
having decreased seven and one-half mil
lions. while deposits fell $23, 100, 400 The
result of these operations were to re-
duce the reserve on all deposits by
81. sol, 800, making the surplus reserve
$11 .326.550. The statement Of actual con-
ditiOns showed a decrease of $24O21 ,1OO
in loans. an increase Of 1885,, 400 in cash
and decrease Of $24. 742, 900 In deposits.
The gain In cash and the decrease in de-
posits brought up the cash reserve S1O.-
OBS. 800. making the present surplus above
the Is per cent minimum, SIS, 739 100
There Is no explanation to reconcile this
conflicting statement, but as a Natter OF
fact the report of actual conditions prob
ably more clearly defines the real posi-
ton of the banks. The summary of state
banks and trust companies not reporting
to the New York clearing house showed
an enormous decrease Of $27.347. 100 in
loans, a contraction Of SIS, OU3, 800 in de-
posits and an increase Of aNOut three
millions In cash. The trust company
position Is. therefore, stronger.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-07-10
Heiskell s. Mcleran,
l4O3 III st. II. w.
DU POINT SURE OF REELECTION
APPOINTMENT of Davis to Treasury
Unites Factions. iy

Special Dispatch to The Star. n
WILMINGTON, Del, July 9.-The an
nouncement today of the appointment by
the President of Frank H. Davis OF
Dover, Del, to be deputy first auditor
of the Treasury Department was re-
ceived with satisfaction by Delaware re-
publicans generally. -, 80
Mr.. Davis. who was defeated for at
torney general at the 1908 election. was
backed for the place by Senators du
Pont and Richardson and Representative
Head. He succeeds s. John Abbott OF
Milford. Del, resigned. sra3 ct
The appointment will have the eject or
solidifying republicans throughout Della
ware Senator du Points reelection by
the legislature to be elected in November
is now assured. noB
The appointee Is q well known lawyer
and is the son of Dr. William F. DAVIS
Of Dover He is thirty-six years old snd
unmarried. III 1ud
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-07-10
New York Fruit Market.

NEW YORK. July 9.-Evaporated ap-
Piles are quiet and steady with a small
Jobbing business: On the spot fancy Ii
quoted at 1OAa11h: choice. Ska0; prime
7a7ls: common to fair. 8a6A.
Prunes are firm on reports of q small
stock and better export demand. Quo,
tations range from 3a9A for Californias
up to 3O-4Os, and 41sa9] for Oregons.
Apricots are In slow demand, but prices
are steady. Choice. 8ka1OA; extra choice,
loyal; fancy, 1OAa12k
Peaches are quiet and easy: choice
01saGx; extra choice, 7a7h; fancy. TIA
N.
Raistns are dull and UNCHANGED. Loose
museatels are quoted at 3Ha5N; choice to
fancy seeded. 4%a6z; seedless, 3XaA1k
London layers, 1.2Oa1.25.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-07-10

PARKERsBURG. w. Va. July 8.-No
tice that a motion would be made in the
circuit court here next Tuesday for the
appointment of receiver for the West
Virginia Western Telephone Company. ar
independent telephone concern Of this
city, was served today. The motion will
be made by A. C. Davis, former general
manager Of the company, which is capt.
talixed at 100000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-07-10
COTTON MARKETS.
NEW YORK.

NEW YORK. July 9.-Realizing for
over the weekend was the chief feature
In the cotton market today, but the Of
ferings were well absorbed at a moderate
decline, and in the late trading prices
were steady with the close net 2 points
higher to points lower.
The opening was steady at an advance
Of points to a decline of 2 points, July
being higher on a little covering. while
other positions showed an easier tend
ency 40 q result Of somewhat better
weather map and realizing for over Sum
day following the advances of the last
two or three days. AS there was very
little scattering long interest in July that
position was relatively steady, but fol-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-07-10
Manchester Cloth Market.

MANCHESTER, July 9.-Only a mis-
celianeous business occurred for the
smaller markets for cloths at about cur
rent prices, buyers for India and China
still holding OF pending more definite
crop news. Yarns are In poor demand
and irregular. Some spinners accept oc-
casiohally. lower. prices, but the majority
adhere to previous quotations.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-07-10
NEW YORK LIVE STOCK.

NEW YORK, July 9.-Beeves-Rsceipts
1,O06 Nothing doing In live cattle; feel
ing steady. Dressed beef slow. Exports,
1O5 cattle and 2.414 quarters Of beef
Calves-Receipts, 80; quiet; veals.
s. to 5000; dressed calves, steady
at yesterdays quotations.
Sheep and lambs-Receipts. 5.132; sheep,
steady; lambs weak ito Is cents lower.
Common TO good sheep. 500 to 40;
lambs, $50 to S.75: mainly, IT'S to 7S5.
Hogs-Receipts, 1856; nominalIy steady.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-07-10

NEW YORK. July 0.-The cotton goods
market was fairly steady for the day.
but trading was light on prints. Gtng-
hams and colored cottons. On gray
goods more pressure to sell was evident.
Linens rule firm. Burlaps have sold more
freely. Fine cottons arc steady.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-07-10

Albert Deibert the eleven-year-old son
of Hiram Deibert Of Elkton, Nd, was
drowned In Little Elk creek. near Del
bert's boat yards He went in bathing
and got beyond his depth
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-07-10

Figures for July ] Compared With
Four-Year Average.

The following shows the condition July
1 and comparisons Of various crops not
previously announced by the department:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-07-10

Rufus b. White Of Port Deposit. Nd,
died at the City Hospital at Frederick
Thursday of paralysis. He was sixty
three years old.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-07-10
Strength Surprising in View of
Bad Crop Report.
WEAK ACCOUNTS SOLD OUT
Benefits of Recent Forced Liquida.
ton Are Shown.
Their Necessities Create an Absorb.
ing Power for Many Offered
Securities.

NEW YORK, July 9.-Prices OF stocks
advanced today in face of the showing
Of the government crop report on spring
wheat The stock market thus deter
mined the resisting power which 1t has
developed by the course Of liquidation OF
weak speculative accounts to which 1t
has been subjected and by the building
up Of a short interest of sufficient dimen-
sions to afford an effective absorptive
power by its necessities.
The movement of the price Of wheat
today left no room for doubt that the
speculation had failed to appraise ade-
quately the amount of damage, disclosed
by the government report. to spring
wheat. The compromising advantage OF
the good promise of the winter wheat
and the news today of showers in the
drought-stricken territory did not prevent
sensational advances in the price of the
cereal.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-07-10
WEEKS RANGE OF PRICES
Corrected to the Close of Business July at the
New York Stock Exchange.


highest
of
and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-07-10
Lost Power on Stocks.

The subject had lost its power, how
ever. to induce effective liquidation OF
stocks Outside the wheat market the
stock market had the corn crop promise
as an additional factor of amelioration
to consider. The crop report as a whole.
however, was admittedly an unfavorable
factor on stock market values, and was
disregarded.
The circumstances of yesterday offered
a contrast with the disregard paid by
the stock market during the first SIX
months Of the year to the series of divi-
dend increases, except to take advantage
of the opportunities afforded to push the
liquidation of stocks. Only fractional por-
tons of the days extreme gains were
sacrificed In the taking Of the days
profits by the room traders.