davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-01-22

that stocks were shrinking in a decided
manner at many important points. Spot
people reported continued good demand
for actual cotton, but that offerings
were by no means free. Recent rains in
Texas, relieving the drought situation,
was bearish gossip. No great amount of
selling was encouraged by this, however.
The market closed steady at a net adj
vance of to points, except on August,
which closed at Yesterdays last prices
1875; March, 1906; May, 1925: July.
1885; August, 1475; October, 1341.
The cotton market was quiet through
the week and no price changes Of i'm
portance took place The net results
trading months. The close was almost
at the top. the highest prices Of the
week being made late in the session Sat
urday. At the highest the market was
to 10 points over last weeks close.
the trading months were sale points
under last weeks final quotations. From
the lowest to the highest there was a
range of 18a23 points. Early in the week
of bales of contracts to dispose of, and
this selling caused the low prices OF the
week. The market quickly recovered
from this liquidation, and. In fact. act
| ually advanced on the tail end OF It.
The meeting of the South Carolina
spinners Tuesday. at which they voted
to curtail their output from April to
September, was also hailed as a very un-
favorable feature by the bears. From
the middle of the week, however. the
market exhibited much strength and
gradually recovered and finally made a
small net advance.
Heavy exports. lighter movement to
ports decreases in stocks In the interior
and publish work and statistics generally
were principally responsible for the rise.
ON Thursday exports were twice as heavy
as receipts. stocks at thirty county
towns in the interior lost $4,000 bales
during the week end. The loss made
stocks at these points smaller than they
were a year ago. Spinners' takings Tor
the week were 5000 bales larger than
they were this week last year and 5000
larger than in this week two years ago:
On the week end q moderate amount of
investment buying was in evidence. In
the spot market prices lost
last week and Is this week last year.
Sales on the spot amounted to $3.50 bales.
last year: sales to arrive amounted to
5000 bales. and 2,150 this week last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-01-22
COTTON MARKET.
NEW YORK.

NEW YORK. January 21.-The cotton
market was very quiet today. but prices
ruled steady on scattered covering for
over the census report. with the close
steady at q net advance of 2ab points.
The market opened steady at unchanged
prices to an advance Of 1 point, which
was about in line with the cables and
showed very little feature during the
morning. Prices held a point or two
over the closing figures Of last night,
until just before the close. when demand
became little more active, probably re-
aecting a little squirt OF covering and
receipts at leading points. 1t appeared
that there was considerable confusion Of
opinion as to the probable showing Of
the census report next Monday. which
may affect estimates Of the total COM
mercial crop I'd the extent of 300. 900 or
10000 bales. Private estimates as to
the ginning for the last period range from
about 125. 900 to 100000 bales. with an
average view probably around 10000.
Uncertainty as to the official showing
probably contributed to the lack Of gem
eral business today. and it also seemed
that recent small buyers were inclined to
pool to make a firmer showing following
the late advance here Friday, bullish
weekend figures and bullish southern
spot advices. Reviews of the domestic
dry goods trade showed no material
change in the situation for the week. and
curtailment of manufacture is still con-
sidered inevitable so far as the mills Of
this country are concerned, but 1t was re-
ported that 1900 bales were on ship
board not yet cleared Friday night, conn
pairing with $4,000 last year. so that
there appeared no prospect and imme-
date falling off in the exports. The
weekly consumption of British mills dur
ing December is estimated at 1900 bales.
against 10000 the previous month. and
the combined consumption of British and
mills at 179, 900 bales per week,
against 10000 for the same month last
year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-01-22
new YORK PRODUCE.

NEW YORK. January 21.-F1our-Dull
and lower to effect sales. Spring pat
ents, 52Oa5.50; winter straights, 4.25a4.35;
winter patents. 4.45a4.S5: spring clea s,
4. 1Oa4. 40: winter extras, No l, S.4Oa3. 70;
winter extras No. 2. 3.25a3.4O: Kansas
straights, 4.6Oa4.75: recei4ts, 28.555 bar
rels; shipments. 80 $50 barrels.
rive fiour-Firm: fair to good, 4.20a4.35;
choice to fancy. 4.4Oa4.6O.
Buckwheat flour-Quiet. American, Y
c. /. T. New York; Canadian, ssh c. /. +.
New York for export.
Observation-Disclosures: 2.25 per 100 pounds.
Cornmeal-Steady: fine white and yell
low Local 25; coarse, 1.15a1.2O; kiln dried.
2.s5.
Barley-steady; mailing. esa1.oo CT. +.
Buffalo.
vator and g9ss I. O. b. afloat: No. north
ern Duluth, 1.22A I. o. b. afioat Futures
market was steadier early on the cables,
but declined under liquidation and on the
weakness in the outside markets. closing
unchanged to y net lower; May
1.Os 1s-16a1 .04s: closed 1.oh: July: l.oIss
al O3A: closed 1903. Receipts, 5000 BUSH
els: shipments, 3.O55 bushels.
Corn-Spot. easy: new No. 2, 55A I. o. b.
afioat. Futures market was without
transactions. closing at net decline.
May closed 50. Receipts, 1880 bushels;
shipments, 1876 bushels.
Oats-Spot, quiet; standard white. 38k;
No 2, 80: No. 3. 3S1s: No. 4, 37h Fu-
lures market was without transactions,
closing unchanged. January closed 38A |:
May. 4OA; July, 40h. Receipts. 1O2, 175
bushels; shipments. 27O1.
Hay-Firm; prime, LIZA; No. /, 1.O5a
1.O7s; No. 2. 95: No. 3. so.
Hops-Firm: state common to choice,
1910. 24a29; 1909. 17a20: Pacific coast, 1910.
1Sa22. 1909. 13a16.
Hides-Dull: Central America 21Z: Bo-
gotta, %.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-01-22
COFFEE MARKET.

NEW YORK, January M.-The market
for coffee futures opened weak at a de-
cline of 1Oa34 points under renewal OF
general liquidation. local bear pressure
and stop-loss selling. There was nothing
in the Brazilian news. apparently, to en-
courage the selling movement, but the
European markets were both weak, and
while there was a rally of from 10 to
20. points here during the middle of the
morning on realizing by recent sellers
and some support from trade interests,
the market weakened again in the later
trading with September contracts selling
at 1890, or ITO points below the recent
high record The close was called steady,
but last prices showed q net loss of from
% to Al points. Sales were reported of
$1,000 bags. January. 1921; February,
1921; March, April and May. 1898; June,
1922; July, 1880; August. 1877; Septem-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-01-22
seconds. 21ha2s; thirds. 1920: rejects

seconds. 21ha2s: thirds. 1920: rejects
1Ba17.
Pork-Barely steady; mess, 22.25a2c So
family, 23.50a25.O0; short clears. COCOA
200.
Beef-Steady: mess, 14Ooa14.5o; family
18.50a17.O 90: beef hams. 255Oa27. 80.
Cut enthusiastically; picked bellies, 1C
to IA pounds. 12Aa1sN; picked hams
LAR Lard- B rel .o steady: middle ives,
tinent, 1910; South America, 1165;
compound, S5fasA.
Tallow-Quiet; prime city hogs heads,
7-16: country, 7a7M.
Cotton seed oil-Steady: prime crude
southeast. 6.13; prime summer. yellow,
7.27a7 IS; January, 7.27a7.s1: February,
7.27a7.30; March. 7.27a72S: April, 7.27a
7.3O: May. 7.3Oa7.31.
Petroleum-Steady; refined, New York;
barrels. 7.40: refined, New York bulk,
$50: Philadelphia barrels, 7.4O; Phila-
delphia bulk. 400.
rd aSyiq s5asssG strained common to
Turpentine Quiet: machine barrels.
s5k.
Rice-steady; domestic. 2Aa5A; Patna,
51sa6.
Molasses-steady; New Orleans. open
Raw sugar-ouiet: Muscovado. SO test.
2.98: centrifugal. 90 test, 3.4S: molasses
sugar. 50 test 2.73
Refined sugar-Steady; cut loaf, $50;
crushed, $40; mold A, sos: cubes. 4.95;
xxx, powered. 485; powered. $50;
granulated, 40; diamond A, 40; con-
Petitioners A. AIS; No. l. ,4:55: No.2,
40; No. 3. AS: No. 4, 4.4O: No. 5. 4.35;
No. 6. 4.30; No. Z. 4.25: No. s, 400: No.
Q. 4.15: No. 10. 40: No. II. 4O5: No. II,
400: No. Is, 1896: No. IA, 3.95.
Potatoes and cabbages-Quiet and I'M
changed.
Freights and peanuts-Unchanged
Cottonseed oil was barely steady for
spot. but futures were a shade higher on
lighter offerings Of crude and commission
house buying of late months Futures
closed las points net higher. January,
727a7.31: February, 7.27a7.3O: March.
727a7.28; April. 727a7.30; May. 7.30a7. 81.
Prime crude, 6.13: do. summer yellow.
7.27a735; prime winter yellow, 7.75a8.25;
prime summer white, 7.7OaS.OO.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-01-22
Study Of Foreign Trade.

/ The years export figures are being CIV
en- unusually close study and analysis at
this time. The expectation Of our prod
ucts to the extent OF 81 ,9O0,OO0'OOO in one
year strikes people as q stupendously i'm
pressive feature and not at all In harmony
with the lugubrious tale that has been SO
popular the last six months about the
countrys impoverished state and about
the hard times that are bearing down on
the nation. OF this export total cotton
with it's foreign sale Of five hundred and
thirty million dollars worth of the staple
heads the list In connection with these
in scrutiny Of the huge crop statistics and
of the fact that 25,O00000 to 100000 Of
our population are engaged In or depend
ent upon agriculture for q living. It Is
noted among other things that wheat and
oats have recovered about 10 cents q
bushel in market price from the depres-
sion Of late autumn and that corn is up B
cents or more bushel. Nothing seems to
be the matter with the farmer when he
can get 81 q bushel for wheat. or with
planters when they can sell their cotton at
14k cents to Is cents pound for the
crop.
Standard OIL interests. while not quite as
cheerful as some of the other big powers,
notably the Morgan party. seem to be
reconciled to the hopeful view. Standard
Oil people have become obsessed with the
theory that the whole welfare of the
country depends upon a favorable SUI
preme Court decision In their great pend
ing trust case and that IL they do not
get it everything will go to the bow vows.
gerated view Of the Importance OF this de-
cision and that the republic will not be
seriously affected no matter which way
the cat may jump.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-01-22
New York Mining Stocks.
NEW YORK, January p.
new YORK BANKS.
NEW YORK, January 81.
BOSTON. January 81.

NEW YORK. January 21.-The state
ment OF clearing house banks for the
week shows that the banks hold $50, O9S,
675 more than the requirements of the
% per cent reserve rule. This is an in
| crease of So, TOO. 425 in the proportional
cash reserve as compared with last week
The statement follows. Daily averages
Loans. $1.24o.s11.0OQ: increase. SIS.
Specie. $276 $50. 600: increase. $1s,s52. 800
Legal tenders. $74.451. 800: increase. ST.
Deposits. 1920. ose. 100: increase. $40.
OS2, 100.
Circulation. s47.41s.soo: increase. s1o4.
Reserve. a51.1o7.7 100; increase. 49,
Reserve required. $685. $50: increase
$11, 270.9OO
Surplus. $50. O9s. 675: increase, $500. 4as
Elk United States deposits included. 81,
| 500. 200; increase, $1S,SOO.
Actual condition.:
Loans. $1.253, 9O5. 800: increase, $2O.OSS
500.
Specie. $3.50, 524. 200; increase. Sl2,s1s 100
Legal tenders. s7o, 206. 700; increase. $751;.
800.
Elk deposits. sl.27415s.s 500: increase. $50.
939, 900.
Circulation. s47.54s. 400: increase. s172.
500.
Reserve, $751;. $40. soe: increase. $1s.s5e
Reserve required, ss1s,5ss. $50: increase
| $S,2S6975.
Surplus. $50, oso. 45e; increase, s5.42, osl
Elk United States deposits included. 81.
| 61S.6OO; increase. $1,000.
Summary of state banks and trust com
panies I'm Greater New York not report
ing to the New York clearing house:
| Loans. 81 LOSS. 43O, 700; increase, 1921.
800.
| Specie, $l14.396, 600: decrease, $512,2OO.
l Legal tenders, O.64S. 400; increase, $63,
Total o; deposits. sl.1s7.27osoo: increase
The Financier will say:
\ The feature of the statement OF the
associated banks of New York for thu
week ending January Fl was the con
the cash gain for the week, taking the
statement of actual conditions as q basis
having amounted to $13, $4,000 which
was q little heavier than earlier est
mates had foreshadowed. The loan ex
ransion for the week was $50, OSS 500
| This was brought about by several financ
ing operations, and reflects also the plac
ing or large bond issues, etc. AS q result
or the loan expansion and cash gain de-
posats increased $32,9S9. 100. and as thi:
expansion In surplus was only s.. 421 OPS
| making that item stand at present al
$39, 2S2, 40. which. Of course. is far above
the average at this season and with
| PoaSxoiy ohe VI Two exceptioHS me nlSn
est for any period at such an early sea.
son OF the year. The statement Of aver
ages issued Saturday indicated q gain Of
approximately $20.OOO.0OO in cash. and q
gain in reserve of Sc, TOO. 425, making the
surplus. figured on basis of averages
$50. OBS 675. The summary of trust com.
panies and other outside institutions
showed a gain of $1.2JOO0O in loans and
an increase of little over $4,000, 600 In
| deposits. The pending sales of $00, 0O0, OOC
! of New York city bonds together with
other financial operations, may make q
/ decided change in the next Forthcoming
| statement of the banks"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-01-22
SCRAMBLE FOR CASH
Railroads Intend to Borrow
While Money Is in Sight.
FORGET THEIR LATE GLOOM
Going Ahead With Plans Regardless
of Rate Decision.
RICH MEN BUYING STOCKS
Optimism Appears to Have Taken
Place Of Recent Pessimistic
Views Of Situation.
RICH MEN BUYING STOCKS
By w. G. Nicholas.
cial Correspondence Of The Star.

NEW YORK, January q, 1911.
With the inflow Of a mighty flood of
money. the financiers behind the great
railroad and Industrial corporations are
preparing to grab OF all they can Of the
swelling accumulation. Cash is coming
into New York at the rate of 100000
to $15,O0O,OOO a week, and those who can
get in on it are willing, ready and able
to prevent rust from thickening on the
gold or mold to destroy the paper cur
rency.
The railroads are not going to wait
for the decision Of the interstate COM
merce commission, and the industrials
are discovering that they have possibly
overestimated the Importance of Supreme
Court action on the Tobacco, Standard
Oil and anthracite coal trust cases.
1t came as kind of surprise to the
captains Of high finance to realize that
the railroads had been doing without
the increase in freight rates that was
being demanded, and that they had grown
in wealth and power for many years
without the increase which is now being
asked as absolutely necessary to the
well-being of the railroad business. Hav-
ing gone ahead without this added $751;
OOO.OUO a year, it dawns upon them that
they may be able to carry freight and
passengers in the future as they have
done in the past,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-01-22
Condition Of the Treasury.

At the beginning Of business yesterday
the condition Of the United States Treas
ury was:
Working balance In Treasury onices
$21 zoe. 6IS.
In banks and Philippine treasury, $685..
746 $50.
The total balance In general fund was
SS2.053. ia.
Ordinary receipts yesterday were s..
260EI, with disbursements of 81 400 S33
The deficit to date this fiscal year Is
80. 1896 as against $26.6O5.385 at this
time last year.
These figures exclude Panama canal and
public debt transactions.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-01-22
MARKET LACKS LIFE
Trading Perfunctory and
Range of Prices Narrow.
BEAR PRESSURE IS FELT
Disclosed in Downward Tendency of
Many Active Issues.
LONDON LEVEL IS LOWER
Germany Expected to Be a Bidder
for Large Consignment of
Gold Due Monday.

NEW YORK, January 21.-Tradng in
stocks today was altogether perfunctory.
with a continuance OF the recent irregu-
lar tendency. Business was narrow and
light. most Of the active issues rejecting
degree of bear pressure Aside from
the early strength Of st. Paul and smart
advances in Erie issues, such improve
ment as the list displayed was In the
more inactive issues. The closing was
generally heavy and unsettled.
London sent over a lower range Of
prices for our securities and the news
from that center indicated an easier tone
to discounts. A large consignment of
South African gold is awaited in London
Monday, with some probability that Ger
many will bid for considerable portion.
Improvement Is Sentimental.
The usual weekly advices from the COM
mercial agencies and other sources OF
trade information practically agreed that
the Improvement in business is sentiment
al rather than actual, and that it finds its
chief support in the easier financial situa-
ton.
An unexpected development of the day
was the announcement by the American
Steel and Wire Company. one OF the
leading subsidiaries of the L. s. Steel Cor
poration, that 1T had advanced the price
of its products 81 per ton. This is in
striking contrast to recent action by the
corporation and independent manufac-
turers. most of whom have been steadily
revising their schedules downward.
Large Gain in Cash.
The weekly bank statement fulfilled
popular expectations SO far as the cash
gain was concerned, that item in the
actual table showing an increase of
almost S14,OOO,OOO. The enormous in
crease of saO.0OOO0O In loans furnished
surprise. however. and was probably
traceable to one or more Of the many
financial announcements made by rail-
roads and industrial corporations in the
course OF the week. Reserves of the clear
ing house banks are still so strong, how
ever. as to Offset any drain on those in
situations by similar financing in moder-
ate volume during the next few months.
The bond market was irregular. Total
sales, par value, $2.O5O.O00
Z. S. IS advanced x on call on the
week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-01-22

Der. 1868; October, 1888; November
1850; December. 1O.43.
Havre was q and / franc lower. Ham
burg was 1 to IL pfennigs lower The
Rio market was unquoted. owing to the
holiday yesterday. Santos, unchanged
As, $500; Is. $1,000: receipts at the two
Brazilian ports, 1000 bags, against
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-01-22
Zinc Mining Pays

$14.255.0l5 was paid Joplin district mine own:
ers In 1910 for the 345 600 tons OF zinc and
lead produced; 1911 looks like record breaker
both in tonnage and value. and big dividends
will be earned by all good mines.
small company with rich ore deposits proved
up now offers a limited amount of its stock at
an attractive price to raise funds to put Its
mine on q producing basis. and we recommend
this stock to any one having money available.
Particulars on request.
THE LYON INVESTMENT CO.,
Mine Operators and Brokers. Joplin, Mo.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-01-22
NEW ORLEANS.

NEW ORLEANS, January 21.-Spot
cotton firm, unchanged: middling. IA 1916;
sales, 40 bales; to arrive. 15O bales.
The market was steady at the highest
levels of the week during the greater
part of the short week and session. Buy
ing was stimulated, by interior reports
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-01-22
WEEKS RANGE OF PRICES
Corrected to the Close of Business January ~ at
the New York Stock Exchange.



and Of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-01-22

has been giving his almost undivided at
tention to his own personal business. and
although regular atten %ina upon a ae Of
wore. He is very little in evidence these
days. r,,,-
W. X. Vanderbilt came over from Eu-
rope the other day and Is supposed TO
be personally directing the new financing
plans Of the New York Central and also
to be personally taking a leading part
in important deals with the Pennsylvania:
This deal may include the taking over OF
CentraIs interest in Norfolk and West
ern, and hooking up of that system with
the Panhandle, giving to the Pennsylva-
mia a southern tidewater outlet, and con-
Meeting the southeast with new trunk
lire to Chicago AND st. Louis. 1t 10 an
old scheme which is being rehashed with
considerable energy. It looks good on
dress narade
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-01-22

II you want work read the want col
umns of The Star.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-01-22
Are Out After Money.

At any rate, they are going to borrow
all the money they can while 1t is within
reach They are working hard to make
hay while the sun shines, and to harvest
that same hay. Wall street Is full Of
plans for bond and stock fiotations, and
they are being put through regardless OF
interstate commerce commissions, gu
preme Court decisions. all kinds of polit-
ical attack and Of activity on the part
of Attorney General Wickersham and his
staff Of earnest reformers and law en-
forcers.
This demonstration of confidence in the
future Of the country and in the stability
and intrinsic value of their own proper
ties now being given by the men of larger
caliber in the financial and business
world is inspiring great deal of buying
OF stocks and bonds. The gospel of pes
simism has been preached SO long and
SO loud and SO earnestly by men in high
places that it had produced a tremen-
dously depressing effect upon the public
mind. II looks almost as though this
weight Of woe is in process of being lift
ed and that We are struggling hard to
emerge from gloom into sunshine-real
sunshine. There have been so many false
starts, however. that 1t may be well to
wait awhile before banking too heavily
on this immediate uplift theory.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-01-22
Wealthy Men Buying Stocks.

1t Is q fact, however. that since the
beginning Of the new year a great many
wealthy men who are in close touch with
banking institutions and with the bank
ing situation and attitude of the powers
that be have been buying stocks freely.
They have taken on larger lines Of Sc
curities than at any time in two years.
Men who have been keeping out of the
market altogether. or else dipping In very
lightly have bought 5000 shares, 10000
shares or 5000 shares, with something
Of their old-time spirit, apparently not
the securities with the idea OF q big
upward movement some time during the
next six months or a year.
Rejecting somewhat this newborn
spirit Of cheerfulness, q remark dropped
by former Secretary of the Treasury Ly-
man ]. Gage. who Is temporarily sojourn-
Ing In New York mixing with his old
friends and absorbing local financial COL
or as expressed by the most important
people in the street. Mr.. Gage is quoted
by friend as giving utterance to a very
cheerful line of talk and Of prophesying
among other things that Steel common
will be on q or 7 per cent basis before
the end of the calendar year. Considering
the prevailing opinion on Steel just now,
some" and as representing about the
highest type Of faith in the future. Mr..
Gage does not seem to think it will be in
the power of politicians to do serious
harm to business or to retard progress.
Mr.. Gage is well qualified to pass judg-
Ing been actively on the stage Of large af-
fairs for half century and being always
an observer on the front seat when not
himself participant