davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-03-05
NEW YORK BANKS.

NEW YORK, March 4-The statement
Of clearing house banks for the week
shows that the banks hold $3S, $4,000
more than the requirements OF the 20
per cent reserve rule. This is de-
crease of s1.S93.000 in the proportions
ate cash reserve as compared with last
week.
The statement follows:
Daily average:
Loans. s1,327,999.s00; increase, $685.
Specie, ss07,6 400; increase, s2,1ss.-
200
Legal tenders, s7s,5s44oo; decrease.
. Deposits ; re- s1,s7o,s11,soo; increase. ST.
Circulation. s4e.7os.s 800; increase. s4s,-
500.
Reserve. sss1,1s2, 800; increase, $685.
20Q.
Reserve required. ss42,727,soo: in
Surplus, s3s,465, 900; decrease, $685.
900.
United States deposits included, ST.
$4,000; decrease, s25,100
Actual condition:
Loans. s1,334 ,549, 500; increase, $685.
OOO; specie, 1907, 1888. 200; decrease, ST.
211,3O
Legal tenders, 7s.1so. 700: decrease, ST.
$4,000.
Deposits. s1.s74.ess, 800; increase, So
Circulation, s46,747 600; decrease, s51 300
Reserve. $780, SIS, 800; decrease, Sc, O95, 600.
Reserve required. s34S, 672225; increase,
$1,336,O 15.
Surplus, $3.50, s4ee75: decrease, M.4s1 .e75.
United States deposits included, 81 1885,
500; decrease, $50, 800
Summary of state banks and trust COM
panies in Greater New York not report
Ing to the New York clearing house:
Loans, 1.113. 2e1 200; increase, 81, $50, 300
Specie, $116.214, 500: increase. 1888, 100.
., asg gal tenders. sao'7s2eOo; decrease.
Total st ioS deposits. s1.oOs,oes,7oo increase
Money, on call: nominal; time loans,
90 days. 3a3A: six months. 31sa3N.
The Financier will say:
Instead of gain of something like S5.-
tons Of the week indicated, the New
York clearing house banks, in their
statement Of March 4, disclosed de-
crease of $3.095, 600 in specie and legaqs
me loan item is increasing gradually. the
gain last week over the preceding week
having been $9.951. 900. The expansion of
loans was responsible for a rise of So
1880 in deposits, and the increased re-
serve requirements, coupled with the loss
in cash. brought about a decrease of $4,-
43l,675 in reserve, bringing the surplus
above the p per cent minimum to $685.
S46,675. which. however, is much above
the average for this season. The figures
above are based on the report of actual
conditions Of the banks The statement
OF averages did not differ much in the
amount of the loan increase, although in
this computat ton the banks made a gain
of about $4,000 in cash. while deposits
rose $11 100000. The decrease in reserve
according to the statement of averages
was only 81. 49,, 800, and the average sur
plus stands at $3S, 365, 600 The summary
or the trust companies and other outside
institutions for the week revealed an in
crease of about S2,25O,OOO in loans. a.
small decrease in cash and an expansion
of So, 161 800 in net deposits
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-03-05
NEW ORLEANS.

NEW ORLEANS, March 4.-Spot cot
ton, quiet, unchanged; middling. IA 9-16.
1900 VA '''' @i' wv '' ~
Futures opened steady. 3 points up on
the old-crop deliveries and 2 points off
on the new. Soon after the call the old
crops stood 5 points up. and the new
crops up. compared with yesterday s
last prices; but this small advance
brought out selling orders all around the
ring again and the market quickly re-
spondcd to the pressure, the list losing
S to 10 points from the high levels. The
selling appeared to be of a manipulative
character. At the end of the first half
hour Of business the list was 5 to 6 points
down from yesterdays close.
The market was more or less unsettled
flicting rlmors from Washington regard
ing an extra session of Congress. Prices
at their lowest were to 8 points under
yesterdays close At II o'clock the mar
ket commenced to do little better on
the knowledge that Congress was adj
journing without any action on the Scott
bill. In the last half hour Of trading a
good demand came from shorts and prices
were put to within to 5 points of yes
terday's final quotations. The close was
steady at a net decline Of l to ) points.
Closing bids:
March, 1924; April. 1888: May, 14.41:
July. 1+49; August, 1873; October, 1851;
December, 12.47.
gain on the old crop months of Z to 10
points and net loss on the new crops
of IS points. In the early part of the
week the new crops displayed more
strength than the old, but later the old
crops were affected by talk of bull
campaign in the summer positions. while
the new crops were held down by talk of
large acreage. The high prices of the
week was reached Wednesday, when the
old crops were IS points UP and the new
were Is to Ia up. The low prices on the
old crops were made Monday, when they
close; the low prices on the new crops
were made Saturday, when they were
Is to Is points under last weeks last quo
tations. The range OF the list as a whole
was over % to A. points.
The week was broken up by the hol-
day Tuesday and interests in the legiti-
mate features OF the market were les
sened by the contest in Congress over
the Scott bill. The trade did not breathe
freely until Congress adjourned without
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-03-05
NEW YORK PRODUCE.

NEW YORK. March 4-Flour-Quiet
and about steady; spring patents. A.9Oa
SIS; winter straights, 3.90a4.0O: winter
patents. 42Oa4.5O; spring clears. 3.90a
4.25; winter extras No. ], 3.25a3.5O; win
ter extras No. 2. S.1Oa3.25. Kansas
straights. 42Oa4.35. Receipts. 2O,267 BUSH
els; shipments. 22,391 bushels.
Rye fiour-Firm fair to good. 4.2Oa4 30:
choice to fancy, 4.4Oa4.55.
Buckwheat fiour-Nominal
Buckwheat-Quiet: American SO C. !. +.
New York: Canadian So C. If. New York
for export.
Cornmeal-Steady: fine white and yell
low, 1-15a1.20: coarse, 1.1oa112' kiln
dried. $50.
Rye-DuIl; No. 2, So (. o. b. New York.
Barley-Steady; mailing, 1.Ooa105 C. 1.
T. New York
Wheat-Spot firm; No. red. e4a. ele-
vator. and 951a t. OBJ. afioat: No. l north
market was easy early on the cables.
but rallied sharply on q buliish private
report on farm reserves and strength In
the outside markets. closing SaA net
higher. May, ssaW i-1S, closed 96.s:
1880 1880 bushels: shipments. 4s.21s bushels.
Corn-Spot steady; No. 2. 5111, I. Q. b.
afioat. Futures market was without
transactions, closing unchanged: May,
5512; receipts. 61.S70 bushels; shipments,
81, 2S9 bushels.
Oats-Spot steady; standard white. 35:
No. .. 351a; No. 3. 34h: No. 4. "a. Futures
market was without transactions, closing
nominal. Receipts. 35.075 bushels:
Hay-Quiet: prime, LOS: NO. l. LOO;
No. ., 80: No. 3, 75aS5.
Hops-Quiet; state common to choice
1910, 25a29; 1909 1Sa21: Pacific coast 1910.
1sa21: 1909. Hall.
Hides-ouiet; Central America 2o&;
Bogota, 21l4a22H.
253s: seconds. 2lNas3; thirds 1916;
rejects, 16a17.
Pork-Firm: mess. 49, nominal: fam
lily. % .OOa23.0O short clear, 19.O0a21 90.
lily. 15.OOa1650; beef hams. 27Ooa29.O0
Cut meats-Steady: picked bellies, 10
to IA lbs. 12a13 picked hams, L..
Lard-F'irm; middle west prime. asa
tallow. unsettled: prime. city. hhds.. Ga
country, 61sa7.
Petroleum-Steady; refined, New York.
bbls.. TAO: refined New York. bulk. $50;
philadelphia, bbls.. 40; Philadelphia.
Wool-ouiet; domestic fleece. Xxx
Ohio, 31a32.
Rosin..steady; strained common to
urpentlne-steady: machine bbls.
Rice--steady; domestice. saa5,l; Pat
ma, 5lsa6.
enthusiastically: New Orleans open
kettle, 30a50.
Raw Sugar-Weak; Muscovado, 50 test.
S.17; centrifugal, 90 test. 3.67; mo-
lasses sugar, 50 test, 2.92
Refined sugar Quiet; cut loaf. $50:
crushed, $40: mold "a" sos: cubes. AS;
xxx powdered, 4.S5; powdered. 4.S0;
granuated, 40. diamond "a" 40: con-
fectioners' a." ASS; No. I. 4.55; No. 2.
I so; No. 3. 4:45: No. 4. 40; No: ;. 4:35;
No. 6, 40; No. Z. 4.25; No. =. 40; No.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-03-05
new YORK FRUIT.

NEW YORK. March 4.-Evaporated ap-
pies are firm with small stocks and an
improved export demand. On the spot
fancy is quoted at I2%4a13; choice, l.;
prime. 11ka11s.; cold storage, Sa1O1..
Prunes are scare and Arm, quotations
range from 61la11A for CALIFORNIA; UP to
3O-4Os and 1112a12 for Oregons from 5Os
to Dos.
Apricots are firm with an increasing de.
mand and small offerings. Choice, Is;
extra choice. 1315a13A; fancy, I3%a14.
Peaches are steady with little better
demand: choice. 7AaIla; extra choice, 7lsa
81: fancy, SAa9.
Raisins are firm. but inactive; loose
Muscatels arc quoted at 5Aa614: choice to
fancy seeded. 64a71s; seedless, 4s4a6; Lon
don layers, /. Da1.45.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-03-05
Treasury Statement.

At the beginning Of business Yesterday
the condition of the United States Treas
ury was:
Working balance in Treasury offices.
$2S, 734, go; in banks and Philippine treas
ury So oil .209: the total balance in gen
eral fund was $50, 423S3l; ordinary re-
ceipts Friday were S2,05t.H21 with or
binary disbursements of S2,o26513.
The deficit to date this fiscal year Ia
80 sos SAL as against So, So, $40 at this
time last year.
These figures exclude Panama canal
and public debt transactions.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-03-05
New York Mining Stocks.
Deutsche Bank Report.
BOSTON, March 4
NEW YORK. March 4.

BERLIN, March 4.-The Deutsche
Banks annual report shows a total turn
over of 1i2,OO0,o0O,O00 marks, quick as
sets of 1,235. 900, 900. deposits OF .53I 600 :
Ho and balance OF profits of 36,OOO, $50,
equivalent TO about S7,2j0,OO0.
After writing or about 2,00oOOO marks
transferring to the reserve 10000 and
distributing a dividend of 12s per cent,
100000 Of profits are carried forward.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-03-05
NEW YORK CATTLE MARKET.

NEW YORK, March 4.-Beeves-Re-
ceipts, / ,491 head; no trade; feeling steady.
Dressed beef firm; 9Aa1Ol2. Exports to-
morrow. S2S head cattle, 6l0 head sheep
and 1,22S quarters of beef.
Calves-Receipts, 400 head: nomnally
steady. Dressed calves steady: city
dressed veals. 12a16; country-dressed, Ga
1917.
Sheep and lambs-Receipts 4,724 head;
market quiet. but steady to firm. Sheep
(ewes), 3OOa4.5O; lambs. J.JOa6.4J.
Hogs-Receipts. 99S head; steady mar
ket. Pigs sold at 7.75.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-03-05
METAL MARKET.

NEW YORK. March 4.-The metal mar
ket was dull and nominally unchanged. as
usual Saturday. Lake copper, 12.62isa
I2S7s: electolytic, 12.31izaA2.5O, and cast
ing. 1o.ooa12.35. Tin, 39.75a4O.5o Lead,
4 40a4.5O; spelter. 5.65aJ.75. Anthony,
cooksons, 90Oa9.JO. Iron steady, I'M
changed.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-03-05
D|SL|KED IN STREET
News of Extra Session Causes
Stock Prices to Slump.
SOME NEW LOW LEVELS
New York Central Below Last Years
Bottom Price.
BANKS SHOW CASH LOSS
Statement Is Utterly at Variance
With the Forecast-Heavy
Increase in Loans.

NEW YORK. March 4.-The eyes Of
the financial community were again TO-
cussed on Washington today. The prog
ress Of events at that center was watched
with the keenest interest, although the
prospects Of an extra session of Congress
seemed to excite less apprehension.
Extreme dizziness prevailed throughout
the stock market session, which was
characterized at times by an undertone
Of strength. London prices for our Sc
curities closed generally higher. and this
advantage was more than sustained at
the opening of the local market There
was little disposition to carry this gain
to great lengths. however. and the net
result was rather negligible.
That the big banking interests are in
no wise disturbed by recent develop
ments was again attested today by the
purchase for international account of
80. 200. 600 first mortgage per cent bonds
of the Puget Sound division OF the St.
Paul road
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-03-05
FOREIGN MARKETS.

LONDON, March 4.-During the week
on the stock exchange the demand for in
yestment issues broadened and prices
were firmer and higher, but business
slackened in the speculative section and
a weaker tendency developed. Expecta-
tons Of an easier monetary situation and
lower discount rates as result of ship
ments of gold from Brazil were the chief
incentives for a steady advance in all
gilt-edged securities, consols leading the
British shares with an advance of over
q point, mainly on large purchases Tor
helped home Mexican and Canadian rail-
ways, but weakness In Paris caused for
eign bonds and kaffirs to sag. Rubber
shares started with small boom, but
general profit taking at the week end
wiped out the earlier gains
American securities have not yet re-
covered from the freight rate ruling, and
with uncertainty regarding the Supreme
Court decisions in the trust cases, the
market showed little recuperative power.
Prices closed from one point higher to
four lower than last week.
Discount rates have weakened gradual
ly on Brazilian gold shipments to Lon
don, and an early reduction in the bank
rate is expected.
Money and discount rates were quiet
today.
The stock market was dull and irregu-
lar Consols declined on realizing, but
home rails were quiet and steady and
Central American bonds closed firm and
higher
American securities opened steady and
q fraction higher. During the short ses-
sion covering caused additional gains,
with United States Steel leading on fore
casts of favorable statement of un-
filled orders The closing was steady
y above parity.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-03-05

8, 416: No. 10, 40: No. IL, 4.O5; No. II,
400; No. 13, 1896; No. IA, 3.95.
Potatoes-Weak.
Cabbages-Quiet: prices unchanged.
Freights and peanuts-Unchanged.
Cottonseed oil-With the exception o.
the October position the market was
higher on covering OF shorts. scarcity OF
crude offerings, local professional sup
port, and in sympathy with the strength
Of lard. Futures generally closed to g
points net higher. March, 677a6.s1: April.
6.7Sa6S4: May. 6.ssa690; June. 690a6.97:
July, 6.9Sa7.O0: prime crude. 5I3a5-So.
prime summer yellow. 6.75a7 90; prime
winter yellow, 6.9Oa7.25; prime summer
white, SJa7.2 IS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-03-05
WEEKS RANGE OF PRICES
Corrected to the Close of Business March 4 at
the New York Stock Exchange.
Railway and Miscellaneous Shares.


and the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-03-05
Shares Have Been Weak.

This announcement is Of especial sig
nificance because of the recent weakness
of st. Paul shares. accompanied by ru-
mors of a possible dividend reduction.
Today's announcement may be regarded
as putting a temporary quietus on such
reports.
abundance of money and easier discounts
In London, which is likely to give rise
to a renewal of the early weeks reports
Of a further reduction in the bank rate
before the end of the month.
London and Paris bankers are reported
to have some more American financing
under cons deration. the details Of which
are likely to become public in the COM
ing week.
Imports of dry goods and merchandise
for the week were about 100000 below
those of the previous week. but slightly In
excess of the same week Of 1910. The to-
tai since January / falls short of last
years imports for the corresponding Pc
Rod by over $17,O0O.OOO.
Early Gains Are Lost.
The stock market lost all it's early
gains in the final hour, when 1t became
almost certain that an extra session of
Congress would be called. New York Cen
trail fell below its bottom prices of last
year, and new low records for the pres
emit movement were numerous There
were some recoveries at the close, which
was moderately active and unsettled
For the first time In many weeks the
bank statement was utterly at variance
with forecasts. Instead of an expected
gain in cash, the actual table showed
loss of over S3,O0O,OOO. The actual loan
Increase of about $1OO0O.OOO occasioned
no surprise because of the uncertainties
involved In the heavy March 1 dividend
and interest disbursements. The actual
total cash reserve of the banks is now
. cent last week.
Bonds were fairly steady on moderate
dealings. United States government As
lost u per cent on the week. Total sales
par value, $1,376,0OO.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-03-05

BERLIN. March 4.-Trading was quiet
but prices were firm on the bourse to-
day.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-03-05

PARIS. March 4.-Prices were steady
on the bourse today.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-03-05
WORLD STILL WAGS
Railroads Not Ruined by Deci-
sion on Freight Rates.
FAILED TO SCARE PUBLIC
Regard It as Government Endorse.
ment Of Their Securities.
OFFICIALS ARE WAKING UP
Panic Having Failed to Materialize,
They Are Easily Adjusting
Themselves to Conditions.
FAILED TO SCARE PUBLIC
OFFICIALS ARE WAKING UP

,ondence Of The Star.

Special Correspondence Of The Star.
NEW YORK, March 4, 1911.
When It came to picking up the wreck
age occasioned by the stock market COL
lhion with the interstate commerce rate
decision, it was fosind that nobody was
hurt excepting those who sold the market
short. and a lot Of Engllshmen who had
deluded themselves with the notion that
the United States government was about
to conf1scate the railroads. 1t has been
ascertained that very few stockholders of
record were panic bitten. or had permitted
themselves to be In the slightest degree
demoralized.
It was quite an effort for the railroad
presidents and attorneys who had been
preaching calamity to get of their perch
and readjust themselves to actualities.
They kept up the chorus Of lamentations
for few days, and then suddenly awoke
to the consciousness that the threatened
deluge he'd not taken place according to
their announced program, and that no.
body was being seriously disturbed by
what had happened in Washington.
Then began a change in the spirit OF
the output, and now the railroad men are
becoming recOnciled to the decision and
are preparing themselves to face a world
that is not quite as frowning as they had
expected.
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1911-11-06
A Delicate Problem.

Parson Johnson, an evangelist OF
color, was caught hugging one of the
finest eve lambs of the congregation,
who was very popular young lady.
and it created quite stir. SO Brud-
der Johnson was brought up for trial
"You have seen these great pictures.
| suppose. so you know dat de great
Shepherd am always pictured with
lamb in his arms" said Brudder John
son.
'Yes, sab, pahson. dat am So" nd-
mitted Deacon Jones.
"Den, Brudder Jones. what am
wrong in the shepherd Of dis flock
having a lamb in his armsT
This was too much for Brudder
Jones. so he proposed that the people
have call meeting that afternoon.
After the point was discussed at the
afternoon meeting the following reso-
luton was adopted:
"Resolved. Dat for de future peace
of de congregation dc next time Brud-
der Johnson feels called on to take Il
lamb oh de flock in his arms he pick
out Il ram lamb."-Stoutsville (MoJ
Banner.
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1911-11-06
SOMEBODY MISTAKEN.

Editor Mirror: 1t seems almost un-
necessary TO me, that l should ask
space in your columns, in which to
defend my veracity to Marion people.
since l have lived and worked among
them for twenty of the best years of
my life, yet II may not be untimely
for me to offer a brief explanation in
reply to Mr.. Jacoby's reluctant at
tack upon me in your issue of Friday
last, regarding my account of the in
terview he had with me some time
ago.
The 'scurrilous letter" to which he
refers was a simple statement Of what
he said to me concerning the shop
men running the schools. A number
cf my friends in Marion, who are in
terested, both in the shop people, and
in educational matters, recently ask
ed me to give them q written state
ment Of the remark that Mr.. Jacoby
made to me, and l did so. Mr. Jacoby
quoted my letter correctly. 1t was
his own exact statement to me, made
not only once, but repeated by way Of
emphasis.
He neglected to say that Mr.. Hill.
then president of the board of educa-
tion was also present at this inter-
View as well as Mr.. Briggs.
| cannot say for certainty that
these to gentlemen heard Mr.. Jacoby's
remark as they had risen to leave
the room and We're moving toward the
door as he finished his statement to
ME, but he spoke in loud tones and
II is my opinion that both gentlemen
heard him declare that the shopmen
we're not going to run the schools an
other year.
Mr.. Jacoby is also mistaken in his
statement concerning my salary after
my removal from the principalship, as
II was reduced as may be seen upon
examination of the clerks books.
AS to my resignation from the Mar
lon schools, will say that on account
Of sickness in my family | was COM
PEELED to be at home and / resigned
instead of asking leave of absence
solely on account of Mr.. Jacoby's at
titude towards me.
Most sincerely yours,
LAURA j. TREESE.
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1911-11-06
Platform of Principles.

I will stand for the following pro-
positions:
1. Concentration. elimination Of
sinecures and reduction of expense OF
government-for the short ballot.
2. Simplicity equality and removal
of barriers to the normal develop
ment of the people
3. Placing within the reach OF
the people the powers of conserva-
tive application OF direct legislation,
the initiative and the referendum.
4. Clearing the way for the COM
mission plan Of municipal govern
ment..
5. The submission of a prohibi-
tory and license proposition on the
liquor question separate from the
new constitution.
6. UNFOLDING the Smith one per
cent. tax law.
This law may need no constitutions
al support but It is highly important
that once 1t is established 1t should
be upheld.
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1911-11-06


"Fix me up. will you. mister?" asked
the stranger bearing evidence OF q
fight as he entered the drug store.
The drug clerk gave him bracer
affixed the court plaster. used the per-
oxide where necessary and turned out
the patient looking pretty well. The
stranger thanked the drug clerk aud
started away.
"Twenty-hvc cents" said the clerk
peremptorily.
-wh.what?' asked the other
"You didn't use to charge anything for
n little 'tention like this"
81 have TO charge now. though. OK.
planned the clerk. "The costiof mate
rails Is going up"
"Well. war certainly is becoming
more and more expensive murmurcd
the stranger. pulling out the coin
Buffalo Express.
The Marion daily mirror. (Marion, Ohio) 1892-1912, 1911-11-06
MIR. Jacoby,s Reply.

Editor of Mirror / have read the
letter submitted TO you by Miss Laura
j. Treese. am glad to
know that l correctly quoted her. She
Is right to know that correctly quot
ed her She is right in saying that
she resigned on account of sickness
In her family, and l did not mean to
infer otherwise. did not mem
tion Mr. Hill in my article because
he says personally to me that he did
not hear the remark attributed to me
by Miss Treese, and that he was not
present during our entire cOnVersa-
ton Mr.. Briggs and l entered and
left the room together, and he was
present during the whole conversation.
Miss Treese whom / have always es-
teemed highly is surely mistaken
about the matter. and l am sorry to
have had to involve her but felt that
IN justice TO myself a denial was not
improper.
Yours truly,
j. WILBUR JACOBY.