davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-08-06
the list. except August, which was l down


net.
Toward the middle Of the morning the
market suddenly strengthened. Heavy
buyine orders were scattered about the
ring and before shorts could realize what
was going on the market was q dollar
a bale up from the lowest. Short cover
ing started in, and before 1t was over
the new crops were SO points. or over
dollar and a half q bale, UP from the
lowest. The bull leader in New York
acknowledged to being a heavy buyer ana
stated In kilograms to friends here that
he, had replaced cotton sold out yester-
day. Toward noon the market became
Quiet and prices eased off somewhat
The close was steady. Spot cotton quiet,
unchanged: middling, 12b; sales on the
spot, 40 bales; to arrive, none.
Closing bid-August. 11.97; September.
1133: October. 1I20: December. 11.2O:
January, 11.23; March, I.33: May, 11.43.
The net results of the week In the cot
ton market were an advance or 30 to 81
points The high prices Of the week were
made Friday and the low prices Monday.
At the lowest the trading months were
IL to 13 points under last weeks close:
at the highest they were 70 to So points
over.
Manipulation played an important part
in the market this week. In the early
part the inclination was to sag on under
sition of the market was weak and large
operators took advantage Of 1t to bring
about one Of the most spectacular de-
clnes seen for many months. October
sank to new low levels for the season.
at 1911 Monday, but Friday sold At
II .6& or about 90 points higher.
This advance was made possible By the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-08-06
Interior Demands Heavy.

The efforts that were made about a
year ago and for six months thereafter
to curtail interior loans on farm develop
ment, while apparently successful in a
way, seem to have left the banks over
extended in that quarter after all. The
farm land boom loans were only par
TALLY liquidated. 1t would seem. and now
the banks throughout the western country
and the south as well find themselves
obliged to call upon the fiscal centers ear
lier than usual and in larger amounts
than usual to meet local requirements
for crop-moving and other purposes. East
ern banks are getting in shape to stand a
larger drain than ordinarily, although
they do not anticipate anything serious
They are still flush with funds, which are
on call for unlimited amounts. The time
money rate has been hardening for some
time back, but there is no end of accom-
modations offered to anybody and every
body who will use the money to buy
are both supplied by the same interests.
There is nothing bullish in this
The severe decline Of cotton is one OF
the factors contributing to the unsatis
factory state of the stock market Cotton
spectators suffered immense losses, and
to protect themselves they have been
obliged to part with securities in no small
volume. Lquidating pressure from that
quarter mas neipeO OepFeSS the securities
market and add to the sense Of uneasi-
ness. Wall street, which has rather
frowned on cotton speculation at high
prices. is now expressing the hope lat
the decline is over and that values may
be established and maintained at SUBJ
stantial recovery. The country has been
educated to high prices for the great
southern staple and anything under Is
cents for next years crop would be
looked upon as unfortunate for the peo-
pie as whole.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-08-06
NEW YORK FRUIT.

NEW YORK, August 5-Evaporated
apples are largely nominal. but very
firm; on the spot fancy are quoted at
18a19; choice, 16A. Prunes were firm.
but the demand Is less active: quota
tions range from 9a16h for CALIFORNIA;.
up to 3O-4Os, and 113za14% for Oregons
from SOS to zoos. Apricots are firm
with a fair tobbing demand; choice.
14%a15; extra choice, 151ka16; fancy.
16hal7. Peaches are quiet and firm;
choice, 10a101s; extra choice. 11ailia;
fancy, 11ha12.
Raisins are quiet and steady; loose
muscatels are quoted at 6Aa7; choice
to fancy seeded, Sa9: seedless, bza7:
London layers, 1.40a145.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-08-06
FINANCIAL.
The
American Tobacco
Company
Forty-YeaF Six Per Cent Gold Bonds.
To the Holders of the Forfy-Year SIX
Per Cent Gold Bonds of THE AMER
ICAN TOBACCO COMPANY.

In the recent decision of the Supreme Court
Of the United States In the action brought by
the United States of America against The
American Tobacco Company and others direc-
lions given that proceedings be had Tor
the purpose of ascertaining and determining
upon some plan or method OF dissolving the
continuation and OF recreating out Of the ele-
ments now composing 1t. a new condition which
shall be honestly in harmony with and not re-
pugnant to the law, without unnecessary INJURY
to the public the rights Of private property
and at the request Of the holders OF large
amount of the Forty-Year Six Per Cent colo
Bonds of The American Tobacco Company. issued
under and secured by the deed of trust dated
October 20. i0o4 under which the Guaranty
Trust Company of New York is the Successor
Trustee. the undersigned have consented to act
a committee for the protection OF the inter-
ests of all of the holders OF said bonds who shall
become parties to agreement now in course OF
prepare ton TO be dated July %. 1911.
Holders of said Six Per Cent Gold Bonds are
hereby requested to deposit their said bonds
with all unmatured coupons. II coupon bonds'
with the GUARANTY TRUST COMPANY OF
NEW YORK, IS Nassau Street, New York City.
the depository to be named in said agreement
which will issue therefor negotiable certificates
Of deposit All registered bonds must be accom-
panied by powers OF attorney to transfer them to
the committee.
period of six months for the accomplishment or
Its directions. In view of the shortness of this
period of time and the many things to be DONE
the Committee deems immediate and concerted
action essential for the protection of the inter
ests Of the bondholders and 1t therefore re-
quests that said bonds he deposited at once, but
not later than AUGUST IS, 1911.
Copies of the deposit agreement may be Oh
tanned and after July 81. 1911. from the de-
pcs'tary from the secretary OF the committee.
Application will be made to list the certificates
Of deposit issued by the committee upon the
New York Stock Exchange.
Dated July %. 1911.
ALEXANDER J. HEMPHILL.
Chairman;
r. DE WITT CUYLER,
ROWLAND DAVIS,
J. HORACE HARDING,
ALBERT III. WIGGIN,
Committee.
LEWIS B. FRANKLIN. Secretary.
% Nassau ST., New York City.
MORGAN ]. o'BRIEN. Counsel.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-08-06
COTTON MARKETS.
NEW YORK.

NEW YORK. August 5-The cotton
market was very nervous and I'M
settled following the sensational fiuctu-
atoms Of yesterday. Early weakness
rumors Of tropical storm heading to-
ward New Orleans, but reports that the
weather bureau knew nothing of such
development caused renewed selling
in the last half hour. and the market
closed feverish, with prices 2 points to
Z points lower, August being points
lower and the more active new crop
months unchanged to points higher
than yesterday. The opening was steady
at decline Of 7a12 points. and during
net loss of about rs points on August
and of Is to Is points on later posi-
lions. under a renewal Of yesterday 8
late selling movement and bear pres
December contracts OF to lilo. or
about SO to 81 points below the high
levels reached yesterday morning, and
it seemed that the market felt more
certain than ever that the advance OF
from 80 to 100 points eliminating yester'
day had been merely quick bull raid.
But there was good buying on a scale
down. partly from trade interests, whose
crop reports were said to be growing
less favorable, and following a rumor
that a tropical storm was heading toward
the belt from Cube there was active COW
ering. Prices shot up very rapidly, with
October selling as high as n.3s and De-
cember 1137. With the market plainly
nervous and apprehensive by following
reports that the weather bureau knew
nothing Of such q storm, offerings again
became heavy and the market eased of
from the best, with October closing at
about LIB There were no cables from
Liverpool. owing to the holiday in that
market, and Liverpool will remain closed
until Tuesday. Otherwise the news SEEM
ed about the same as recently, with pri-
yate crop reports more or less conflicting,
and the weather showing no material
change. Reviews Of the trade situation
continued to reflect heavy curtailment
among mills, but better demand for
goods was reported from merchants in
the west and southwest
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-08-06

running in Of an extensive short interest
No new crop or trade developments came
to light to put the market up.
The weather of the week was mainly
favorable. Some complaint of damage by
army worms was heard.
In the spot market prices lost y Of a
cent, middling closing at 12ls, against
12S last week and 147s this week last
year Sales on the spot amounted to
912 bales, against 1857 last week and 4,62J
this week last year; sales to arrive
amounted to 800 bales. against 81 last
week and DOT this week last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-08-06
CATTLE MARKETS.
9 CHICAGO.

CHICAGO, August 5.-Close: Cattle
Receipts, 300: market steady; beeves,
5OOaT IS; Texas steers. 44Oa61O; western
steers, 4.OOa6 10; stOckers and feeders.
3.oOa5.35; cows and heifers. 21Oa5.85;
calves. 550a775.
Hogs-Receipts. 10000: market weak TO
mixed. 6.s5a7 go; heavy, 6.6Oa75O rough,
6.60a6 85; good to choice heavy, 6.S5a7.5 80;
pigs, 5.S5a7.45; bulk of sales. Z. 1Oa7.45
Sheep-Receipts, 5000; market weak;
native 2.25a4 %; western. 25Oa4 10; year
lngs, 3.75a4 so; lambs, native, 3.I5a6.9O;
western, 4.25a7 90.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-08-06
| he.
American Tobacco
Company
Four Per Cent Gold Bonds.

Gold Bonds Of THE AMERICAN TO-
BACCO COMPANY
Iseued under Trust Indenture dated October 70.
1904. of which the Guaranty Trust Company Of
N. Y. is the Successor Trustee)
AND
To the Holders of the Fffty-Year Four
Per Cent Gold Bonds of CONSOLE
DATED TOBACCO COMPANY
ISSUED under Indenture to Morton Trust Co.
dated June Is. 1901, Of which the Guaranty
Trust Company Of n. Y. Is the Successor Trus
tee).
fits decision in the suit brought by the United
States against The American Tobacco Company
and others. has directed that proceedings be had
in the Circuit Court Of the United States for the
purpose of ascertaining and determining upor
eca.e plan method Of dissolving the combina
ton. and Of recreating. out of the elements now
composing 1t. new condition. which shah bs
honestly in harmony with and not repugnant tt
the law. These proceedings must necessarily
affect the interest of every holder Of the Sc
curities OF The American Tobacco Company and
Of every holder Of the bonds Of the Consolidated
Tobacco Company. The undersigned have con
scented, at the request of the holders Of a mum
Der OF the Four Per Cent Gold Bonds of The
American Tobacco Company, to act as a Com
mittee Tor the protection of the interests Of al
holders OF the said bonds. and Of all holders Of
the outstanding Fifty-Year -Four Per Cent Cole
Bonds of the Consolidated Tobacco Company
who shall become parties to an agreement now
in course OF preparation, to be dat ted July IS
1911.
Holders OF the said bonds are requested t.
deposit the with the Guaranty Trust Com
psny Of New York 2s Nassau Street New Yorl
City, the depostary to be named in said agree
-
Of deposit therefor. All registered bonds mus
be properly Endorsed in blank.
The Corlmittee believes that the Interests
both of the holders Of the Four Per- Cent Bond
Of The American Tobacco Company and of tn
-Four Per Cent Gold Bonds of the Consolidate,
Tobacco Company demand that measures h
promptly taken for their protection. The de
cisicn of the Supreme Court indicates that tn
proceedings must be completed and their Dur
poses substantially accomplished within ST,
months. Immediate action is therefore abso
lutely necessary. and the Committee request
that the said bonds be deposited at once De
posits will be received up to and including tn
18TH DAY OF AUGUST, 1911.
Copies OF the deposit agreement may be ha,
on and after July 81. 1911. from the GUARAN
TT TRUST COMPANY, or from the Secretary O
the Committee II is the intention Of the Com
mfttee to make application to have the Ger
tihcates Of deposit issued by the COMMITTEE
listed upon the New York Stock Exchange,
Dated New York. July 2s. 1911.
CHARLES HI. sABIN,
Chnirman,
PHILIP LEHMAN,
j. r. McALLISTER,
SAMUEL McROBERTS,
SAMUEL SLOAN,
Committee.
2. j. a. SUTTON.
Secretary,
d Nassau Street, New York.
EvARTS, CHOATE & SHERMAN,
JOSEPH III. CHOATE,
Counsel.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-08-06
NEW YORK.

NEW YORK, August b.-Beeves-Re-
ceipts. 217S; no trade In live cattle; feel
ing steady; dressed beef firm; exports,
SIT cattle and 1,290 quarters Of beef.
Calves-Receipts. 80 head: market
steady: veals, $50 to $50; culls, 500 to
800; common westerns, AIS; dressed
calves, steady to firm: city-dressed veals,
II to IS; country dressed Sta to Ii.
Sheep and lambs-Receipts, 64O8 head
seventeen ears on sale; sheep slow, lambs
steady; sheep. 200 to $50; lambs, 4.5O to
100; culls, 400.
Hogs-Receipts, 1874; feeling weak.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-08-06
NEW ORLEANS.

NEW ORLEANS. August 5.-Cotton fu-
lures opened easier at loss of to 8
points. Short selling was free on the first
call and Immediately after. but the mar
ket did not respond to the pressure any
too well. owing to the demand for covers
over the week end from shorts who sold
yesterday. August was weak, and at the
end Of the first half hour of covering had
lost 23 points from yesterdays close on
what looked like liquidation Of long cot
points and then reacted, at the end of the
first half-hour of business standing
point up to 2 points down, compared with
yesterdays close. The weather map was
called favorable. The close was steady
at q not advance az ~ to IL points On
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-08-06
New York Mining Stocks.
DRY GOODS MARKET.
NEW YORK, August s

NEW YORK, August 5-The cotton
goods markets were quiet and moderately
steady during the day. Linens are in
better request from the retail trade.
Burlaps are steady and buyers are watch
ing the course of the free list bill in
Congress. and are placing their incoming
merchandise in bond. Fine white cottonS
for s. ring are being sold more freely.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-08-06
Noted Mining Engineer Dead.
NEW YORK, Aueust 8.
BOSTON, August 5.

CHICAGO, H., August t.-Frederick
Howard, noted mining engineer. died
here today, aged fifty-nine years. How
ard was graduated from West Point Mill
tary Academy, later practicing law in
syracuse. n. r. from whence he moved to
Kansas City, Mo.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-08-06
FINANCIAL.
The
American Tobacco
Company
PREFERRED STOCK
To the Holders of Preferred Stock
Of THE AMERICAN TOBACCO COM
PANY:
] he

IN view Of the direction in the recent decision
of the Supreme Court of the United States in
the suit brought by the United States Of Amer
lea against The American Tobacco Company and
others. that proceedings be had for the purpose
Of ascertaining and determining upon some plan
or method Of dissolving the combination and OF
recreating out of the elements now composing
II new condition which shall be honestly In
harmony with and not repugnant to the law
without unnecessary injury to the public or the
rights of private property. and at the request OF
the holders of large amount Of the preferred
stock Of said The American Tobacco Company,
the undersigned hive consented to act as a COM
mittee for the protection of the interests Of all
OF the holders of said preferred stock who shall
become parties to agreement now IN course
OF preparation to be dated July %. 1911.
Holders Of said preferred stock are re-
quested to deposit their certificates on before
AUGUST Is, 1911, with CENTRAL TRUST
COMPANY OF NEW YORK. 81 Wall Street.
New York City. the depository to be named in
said agreement, which will issue transferable
certificates Of deposit therefor. All certificates
must be properly Endorsed in blank and bear all
stock transfer stamps required by the laws of
the State of New York.
As the opinion of the Supreme Court directs
that period of six months be allowed for the
accomplishment of the purposes above stated
the interests of the holders Of said preferred
stock demand. in the judgment of the Commit
tee, immediate and concerted action for their
protection. and the Committee urges the neces-
sity Of an Immediate deposit of said stock
Copies Of the deposit agreement may be OBJ
tained on and after July 81, 1911. from the de-
positary or from the Secretary of the Committee.
Application will be made to list the certificates
Of deposit issued by the Committee upon the
New York Stock Exchange.
Dated July 2S, 1911.
j. 2. WALLACE.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-08-06

Miss Elizabeth Woodland. eighty-four
years old. died at the home Of her niece.
Mrs Charles Willis. in Island Creek
Neck. Talbot county, Nd, Thursday of
general debility
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-08-06
WEEKS RANGE OF PRICES
Corrected to the Close of Business August at the
New York Stock Exchange.
Railway and Miscellaneous Shares,

The following
for
date
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-08-06
lation are daily becoming less. Every
thing that is good in the situation has
been virtually discounted by present


Railroad earnings are now being COM
pared with those Of the lean months of
last year. and even then the figures are
not always reassuring. The period Of
contraction is still with us. The swelling
movement of wholesale business revival
which everybody hoped for is not yet felt.
Talk Is hopeful as expressed in the flood
of interviews and statements from big
men, but the facts are not encouraging
To be sure, nation Of 100. 900, 600 peo-
pie. in the daily effort to live, do huge
volume of business among themselves,
but there is no enthusiasm about it. no
blithesomeness and verve 1t is just a
day-by-day, hand-to-mouth program, and
the inertia Of the stock market is a re-
Election of prevailing nationwide senti-
ment The variations which occur in the
routine are not Of the sunshiny kind.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-08-06
Overlooking Bull Party.

The stock market Is not to be allowed
to go to pieces or to become badly de-
moralized. Nevertheless. 1t costs lot
Of money to prevent prices from finding
level many points below the current
range. Every time rally is engineered
the bull party has to take over a lot of
stocks A multitude Of alert people stand
ready to supply the demand. Stocks are
daily becoming more CONGRATULATIONS
is to say, the floating supply. That this
floating supply is large is shown by bank
statements of loans An undue proper
ton Of bank funds find employment in
Wall Street. and the banking situation
is extremely sensitive to developments in
the stock market. 1t would hardly be
proper to describe the existing relations
between the banks and stock market as
dangerous. but they might easily become
SO in the event of anything like a catas-
trophe in the business or political world.
AS long as matters run along smoothly
all is WELL Stormy weather would lead
to such shortening of sail that the
stock market could hardly escape a big
slump. The market price of most of the
railroad and Industrial shares is now
high. Dividends are barely earned in
many cases, and then only ct tho ex-
pense Of plant and unwise economies in
operation. Inducements to buy for speou-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-08-06
UNLOAD ON MARKET
Bull Traders Become Discour-
aged by Its Dizziness.
BANKS AGAIN TO RESCUE
Cannot Afford to Permit Much I'm.
pairment of Values.
BUSINESS FAILS TO BOOM
Conditions Not Bad, But They Are
Not What Spectators Had Been
Led to Expect.
BUSINESS FAILS TO BOOM
By W. G. Nicholas.
Special Correspondence Of The Star.

Special Correspondence Of The Star
NEW YORK. August 5, 1911.
Disappointed at the failure Of bull news.
bull talk and ordinary machine methods
OF cheap manipulation to put up the stock
market, great many traders who had
been favoring the long side unloaded their
stocks the middle of the week and the
whole list eased off two or three points.
For a time it looked as though there
was going to be widespread liquidation,
but the banking interests. as usual, came
to the rescue, being influenced to take
this position largely by a desire to keep
their stock exchange collateral unimpair-
ed as to price. AS before stated in these
letters, New York banks are loaded to
the guards with Wall street loans back
ed by stocks and bonds traded in on the
New York Stock Exchange. and il they
were obliged to call any considerable part
OF these loans or ask for "sweetenings"
OF securities in the envelope there would
be liquidation on a scale that would
break the market all to pieces. This is
one OF the things that is fairly under
stood in the street and has been one OF
the reasons why values have been held
so strongly and the market given an ap-
pearance Of bedrock stability. 1t has
looked as though the Ice night be thirty
feet thick. whereas in point Of fact 1t
has been very thin in places and full Of
airholes
1t has become a sort Of a superstition
that prices could not be broken and that
anybody who dared think otherwise was
guilty Of treason against the existing
order OF things in Wall street. There
being no apparent inducement to buy.
and the rank and file of traders being
afraid to sell. the market became stag
na.nt and commission houses and broker
age houses went on a starvation summer
basis. There was nothing doing. Bull
news was preached from every Office in
Wall street, through the columns of every
newspaper and screamed from the house
tops Nobody appeared to hear or care
a continental. The market refused posi-
lively to be talked into activity unless
orders accompanied the conversation. It
could not be Christian Scienced and peo-
pie got sick and tired of the farce.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-08-06

FREDERICK STRAUSS,
CHARLES ID. NORTON,
HARRY BRONNER,
ERNEST ISELIN,
Committee.
F. L. BABC0CK, Secretary
"a Wall Street, New York City.
ADRIAN Fl. LARKIN Counsel
The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1911-06-09
LONDON PAPER COMMENTS ON
DEFINITION OF MONROE
DOCTRINE

London, June 2.-The Spectator
comments on the endorsement of the
Monroe doctrine by Sir Edward Grey,
the British foreign secretary, in his
speech at the dinner of the Pilgrims
society last Tuesday night as express
in the universal feeling of English
men on the subject.
In his speech Sir Edward defined
the Monroe doctrine as meaning that
no European nation could acquire
more territory on the American con-
tinent and added: "Our policy is in
full accord with that doctrine"
The Spectator points out that the
maintenance of the Monroe doctrine
necessitates the development by the
United States of naval and military
strength equal to the carrying out of
the responsibility she assumes.