davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-02-19
COTTON MARKET.
NEW YORK.

NEW YORK. February 1S.-Realizing
caused a reaction following the initial Ad-
vance in the cotton market today. but
the loss was more than recovered and the
market closed firm at q net advance OF
3a17 points. the old crop being relatively
firm on rumors that leading interests
were preparing to demand delivery on
March contracts and predictions OF small
er receipts next week.
The market opened steady at an ad
vance Of l0a14 points on the old crop and
of 5 points on new crop positions, the
former being Influenced by better cables
than expected, a bullish construction OF
the week end figures and covering, while
the new crop " as relatively easy owing to
reports Of good rains In tn. southwest
Sentiment was still very nervous and un-
settled over the possibility that the Scott
bill might be passed by the Senate. al
though private reports claimed such an
outcome was unlikely and this probably
increased the disposition to take profits
at the initial advance or above II cents
for May. At any rate offerings became
quite heavy shortly after the call and
prices eased of in consequence with the
old crop selling down to within or
points OF last nights finals, while the new
crop broke to a net loss Of or points.
Small estimates for Mondays receipts at
leading points, reports that southern spot
buyers were in New York looking over
the local stock. rumOrs that at least 5O,-
600 bales We're to be shipped out OF here
to various continental points within the
next thirty days and reports that leading
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-02-19
CHICAGO GRAIN.

CHICAGO. February lS.-Confronted BY
assertions that the quarantine against
bubonic plague might put stop to ship
ments from Russia the wheat market to-
day took an upward turn. Closing prices
were q shade to Y higher than twenty
four hours previous. The outcome in
corn was a net advance Of Il. and for
oats a gain of Nan. Final changes left
hog products within "a either way from
last nights figures.
spreading to Russian seacoast cities
proved more than sufficient to offset so
far as the wheat market was concerned
the effect Of further rain and SNOWFALL IN
tho American southwest Gomparatively
seriously worried about the plague ham,
perinx European business to any alarm
ing extent. Nevertheless the stories on the
subject. though admitted to be of grape
vine character. hurried along considerable
covering by short sellers The bulls were
aided by predictions OF lighter world
shipments. and by belief that q decrease
would appear In the total stock at Liver
pool -
ing. resulted from the absence Of any m
proyement in the call for cash wheat
Under such circumstances the market
closed under the top prices OF the ses-
sion and with the tone triie easy. May
ranged from 9Oxa9OA to 91h. with last
sales u up at 91Aa91ss.
Corn ruled q little higher on account OF
wet weather and the wheat advance. May
f1uctuated from 43& to 49lL and In the
end was steady. with May u up at 80
Cash corn was hrm. No. 2 yellow closed
at 47ha4S.
Covering by some Of the larger shorts
helped up the price Of oats. May varied
from 311s to 50 and finished v net higher
at 31N.
Trade in provisions consisted IN the
main Of selling on the part OF. packers
and Of purchases by stock yards Mlen who
were counting that the wet weather
throughout the day the poise resulting
was practically und1turbed
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-02-19

loaded down with easy money as pre-
1iminary to "disclpine," a treatment
sometimes accorded to individuals or
syndicates who get too chesty Aor the
peace and comfort of the ruling powers
This particular party VIII cut an I'M
portant Inquire in the billion-dollar copper
merger when it is organized later on
(after the Supreme Court hands down
decisions in the STANDARD OIL and 10
bacco trust cases>. The ta... is that
the combination is already trying 10
dictate the terms upon when lis great
HOLDINGS of copper producing and smelt-
ing properties are to go into the amalsa-
nation. and that it has become necessary
to subject them TO trimming in order
to bring them within the bounds OF
bility TO the story. 1t is estimated that
the banks of New York and New Eng
and hold a billion dollars worth OF
copper stocks as collateral on loans. A
two-cent cut in the price of copper
metal might precpitate the general de-
mand for the repayment Of consider
able percentage Of the money thus Dor
rowed, which would inevitably be fol-
lowed by smash in the stock market
The effect on the general market might
only be temporary. but while it lasted
it m ght hurt.
The possibility OF such a disaster is one
of the things that is hanging over the
stock market at this moment. 1t Is in
banking world a feature OF caution and
conservatism. The great syndicates are
getting themselves strong In cash and into
a position where they can take care OF
themselves in case of squalls.
Dull for Mining Stocks.
Mining promoters are crossing a weary
desert stretch, natural sequence Of
government raids Of many Of the get
rich-quick concerns that for two or three
years preyed on a gullible public which
does not easily discriminate between
worthless and meritorious schemes. The
mining industry Is a legitimate business
in which hundreds Of millions OF dollars
are invested and out Of which great sums
of money are being honestly made every
year. Mining development Is proceeding
at wonderful rate and along legitimate
lines. Reputable concerns that specialize
mining stocks will in the end be bene-
flied by the wiping out Of the irresponsi-
BILE crowd OF sharps here In Boston and
out at the mines. 1t is quite possible
that next spring and summer will wit
ness a sensational boom In the stocks OF
the Porcupine district north of the Co.
bait camp and that q number of bonanza
mines will be uncovered. This can hard
ly help but be accompanied by the manu-
facture and sale Of another big mass Of
worthless stuff against which the general
these purely speculative enterprises are
already being advertised. Some of them
may have merit, but the chances are a
hundred to one that everybody who in
vests money in glitteringiy advertised
Porcupine stocks will get stung.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-02-19
FOREIGN MARKETS.
BOSTON, February IS.

LONDON. February 1S.-During the
week the stock market was less active
with a reactionary tendency, and at the
close values were below the best. Con-
fident anticipation OF q reduction in the
bank rate, owing to the improved none
tary situation. caused a steady advance
until Wednesday. especially in investment
securities. but the actual reduction in
the bank rate to 3h per cent was follow
ew by general realizing, which, to-
gether with the reaction in the American
section, and unfavorable political news
from the far east. made the closing COM
parattvely depressed. Home rails, which
were the most active throughout the
week, recovered sharply today on good
traffic reports and better trade prospects.
Since the reduction in the bank rate dis
count rates have hardened, the market
recognizing that the tax collections will
create moderate money squeeze, and
the ear-marking Of gold for India will
continue for a time.
American securities were depressed by
professional profit-taking and fears of
an unfavorable decision in the rate cases,
while prospective new issues of bonds
operate aga INST fresh business.
Renewed Wall street support today,
however. caused fair recovery and
made he cl, sing firm, with final rates
from two points higher to two lower than
last Saturday.
Money was temporarily plentiful today.
but discount rates were higher on fears
Of an early stringency in the market.
The stock market was fairly active with
a cheerful tone, repurchases and in
vestment buying hardened British securi-
ties and foreign stocks were helped by
the reduction In the German Bank rate.
American securities advanced at the
opening and later became firm on cover
ing. The closing was firm with prices
from u to V higher than yesterdays
New York closing.
PARIS. February 18.-Prices were Sen-
orally firm on the bourse today.
BERLIN. February N-Tradin: was
more active on the bourse today. Cana
dian Pacific was strong.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-02-19
Treasury Statement.

At the beginning OF business yesterday
the condition OF the United States Treas
ury was:
Working balance in Treasury Offices
2SO35.O13.
In banks and Philippine treasury. $50,
434,511
The total balance in general fund was
$S4. 4SS. $50.
Ordinary receipts yesterday were ST.,
s4l.657. with ordinary disbursements Of
81, 133, $50.
The deficit to date this fiscal year If
81, .21S, as against 25616. 72S at this
time last year.
These figures exclude Panama cana
and public debt transactions.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-02-19
NEW YORK CATTLE.

NEW YORK. February 1S-Beeves-
Receipts, 1855 head; nominaily steady.
Cables unchanged. Exports. 1902 cattle,
/, go sheep and 1.56a quarters OF beef.
Calves-Receipts. go head: market
steady. Veals. 800 to 1919. Dressed
calves slow; city dressed veals. 10y to
l6,a: country dressed. 10 to IA.
Sheep and lambs-Receipts. 5,644 head:
market easy: good lambs, 625; good
ewes, 400.
Hogs-Receipts, 1914 head: market firm.
Good medium weights, so.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-02-19
Days News Favorable.

News of the day was of character
calculated to make for improvement, in
tie market. Reduction OF the German
bank rate was accepted as a natural re-
suit of the similar action taken earlier
in the week by the Bank Of England. and
served to recall renewed attention to the
ease of money conditions at the German
capital.
A more important factor, however, In
making for greater confidence here was
the resumption of dividend on Southern
railway preferred. This was accepted as
inherent proof that the most powerful
American banking interests feel reason
ably assured of future conditions. Inter-
national banking houses received 1ntima-
tions of the practical completion of the
Southern Pacific financing in Paris, and
announcement to that effect is probable
during the coming week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-02-19
STOCKS IN DEMAND
Steady Buying Forces Prices
to a Higher Level.
MARKET NEWS FAVORABLE
Cut in German Discount Rate Cause
of Satisfaction.
SOUTHERN DIVIDEND PLEASES
Accepted as Proof That Powerful
Banking Interests Feel Assured
Of the Future.
MARKET NEWS FAVORABLE
SOUTHERN DIVIDEND PLEASES

NEW YORK, February 1S.-Steady
buying during today's brief session OF the
stock market resulted in marked improve
ment throughout the list and recovery of
tile greater part of the losses sustained
during the nidweek recession. Trading
was unusually large for the weeks end.
and the upward movement embraced not
only the active issues but most OF the
less important ones as well.
TIL. greatest activity was again In Read
Ing. the Harrimans and L. S. Steel. The
buying of these stocks was considered as
technically good by Observers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-02-19
Showing of the Banks.

The usual contradiction of conditions
was shown in the weekly bank statement
wherein average loans increased
s1,e5aoOO, with an actual decrease of
s4.~0oOO. The actual cash gain of
E;.t0o.cuO was below the most conservative
estimates, but the statement as whole
was of a negative character. The trust
companies and state banks indirectly al
iIiated with the clearing house. reported
All increase of S12, 2236,OOO ia loans, with a
aominal cash gain.
The new issue of Az per cent New York
city bonds today touched their highest
price, selling at 1o2. The general bond
market was firm. Total sales. par value,
sl,s1.,uD. United States government .s
advanced Il on call on the week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-02-19
METAL MARKET.

NEW YORK, February 1s.-The metal
markets We're dull and nominally UNI
changed in the absence Of exchanges.
Lake copper. 12.e2.aa12. STU; electrolytic.
L.. 11salo 6ois. and casting at 12.00al2. %.
Ttr unsettled, 4400aA5.0O. Lead. 4.40a4.5O
and spelter. 5.5Oa5.6O. Iron unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-02-19
PASSING OF GOULDS
George J. Did Not Care to Face
Rockefeller Opposition.
NOT GOOD AS A MANAGER
Missouri Pacific Failed to Keep Pace
With Progress.
COPPER SITUATION Is RAD
Worlds Markets Overloaded and
Production Is Greatly in Ex-
cess Of Consumption.
COPPER SITUATION IS RIA.
Special Correspondence of The Star.

Special Correspondence or The Star.
NEW YORK, February is, 1911.
The news event of the week was
the formal surrender of George j.
Gould to the banking interests rep
resented by Kuhn, Loeb & Co.,
aided and abetted by John d.
Rockefeller. This event marks the pass
ing of the Gould control of a great rail-
road system which has been in the fam
lily for thirty-two years. 1t is the last
important property over which George
Gould had physical and financial direc-
ton, and he will now probably join the
army of rich and seniretired multi
millionaires, although he will retain
official connection with a number OF
properties in which he has investments.
Wall street was particularly interested
in the last chapter in the Gould tragedy
as much on sentimental account as be-
cause Of the actual retirement OF the
present head of the Gould family from
the practical manipulation and manage
ment of a railroad system.
George Gould has not ben a good man
ager of railroads and he was not a good
manager of Western Inion-that Is, not
good manager for his associate stock
holders in these various enterprises. The
family fortune may have Increased
during his years of trusteeship of the
family dynasty but he would have been
worth dollars where he is worth cents
today if he had adopted progressive
tactics instead of a parsmoniOus and
wholly selfish Dpficy
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-02-19
NEW YORK FRUIT MARKET.

NEW YORK. February 1s-Evaporated
apples firmly held with small offerings.
On the spot fancy are quoted at 121sa13:
choice. 11a11k: prime, 1o&aios; cold
fair jobbing demand. Quotations range
from 6Aal1N for CALIFORNIA; up to 80 los
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-02-19
New York Mining Stocks,

The electorate OF Russell county, Va :,
has voted for two-hundred- and-seventy-
NEUTRALITY-SUSPICIOUS. bond issue for good
roads. The election was carried by a
large majority. Within The last year
Russell county voted $4,000 to good
roada
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-02-19

and 9Aa11M for Oregons from eOs to 30s.
Apricots move slowly at steady prices.
Choice, Is: extra choice, 1Sisa13Z; fancy
13Za14. Peaches are barely steady on
reports of more liberal offers from the
coast. Choice. 1la7,s; extra choice. TIA
81: fancy. SAa9. Raisins are quiet, but
firm. Loose muscatels are quoted at 5ka
81: choice to fancy seeded. 8AaTis: seed
less, 4%a6; London layers, l.40a1.45.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-02-19

interests were prepared to take up cotton
on March contracts impaired hrmer
tone to the later trading however. and
near positions made new high ground for
the rally in the late trading with the
close only a point or two off from the
best. Business was only moderately
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-02-19
WEEKS RANGE OF PRICES
Corrected to the Close of Business February 18 al
the New York Stock Exchange.
Railway and Miscellaneous Shares.


to
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-02-19

It pays to read the want columns Of
Tho Star Hundreds Of situations are
filled through them.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-02-19
Condition Not Kept UP.

When Jay Gould obtained control OF
the Iron Mountain and Missouri Pacific
systems from the Garrison and Allan
families of ST. Louis, the two lines were
about the best in the west. They have
never been as good since as they were
when he took hold of them. The elder
Gould used the roads for the enrichment
of himself and Russell Sage by building,
buying and leasing other lines and ex-
tensions personally and working them
off on the Missouri Pacific, under such
terms and conditions that the parent
could stand. me instance will serve
as an illustrations:
After he got his hands on the Iron
Mountain and Missouri Pacific he person
ally built about 1000 feet Of track con-
Meeting the two terminals in St Louis,
which he turned over to the Missouri Pa
cific under an agreement whereby tAe
railroad company was to pay him 81 per
car for all cars hauled over the connect
ing one-thousand-foot link. 1t is estimated
that between 5000 to 1900 cars day had
been hauled across this little bit Of track
for thirty years, netting the estate over
100000 a year on an orig nal invest
ment Of about 100000. Missouri Pacific
and its controlled lines have been phe-
nOmenally productive COW for the Gould
family to milk. although the properties
themselves have been starved to death
The management has been directly con-
trary to modern ideas of railroad man
agement, and everything that the Goulds
sponsored or were responsible for fell
into disrepute in consequence. They have
and nobody in Wall street or out OF it is
sorry
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-02-19

A sinister suspicion exists In tho street
that an important combination - being
The Leavenworth echo. [volume] (Leavenworth, Wash.) 1904-current, 1911-09-08
Successful tyen If Materially Won

He tried to tell his love to her,
But every time she baked.
And then he took his pass book out;
He won-his money talked.
The Leavenworth echo. [volume] (Leavenworth, Wash.) 1904-current, 1911-09-08
a When the Hens Roost Hight

Poultrymen as a rule object to hav-
ing their hens roost too high, but they
could have no objection to those Bos-
ton hens roosting on top of one of the
highest hotels in that city, through
they may be the highest ROSTERS in the
world. An employee of the hotel has
been keeping having no objection to
those Boston hens on the roof Of the
hotel. Located in the very center of
the city, the birds thrive and lay well,
and flock of young chicks is being
raised to keep up the supply of hens.
If hens ought to thrive anywhere they
ought to thrive where they can get
plenty Of table scraps, for they are the
best ration for laying hens that can be
and refuse leavings from a
large hotel must be enormous. No
need to feed the hens anything but
label scraps. And just think OF the
perfectly fresh eggs that the guests can
have. The guest would not need to-
inquire if the eggs were perfectly fresh,
for he might hear the hens cackle
over the egg that was cooked for his
breakfast.
The Leavenworth echo. [volume] (Leavenworth, Wash.) 1904-current, 1911-09-08
Water for Poultry

When there is no running water for
the flock the water should be changed
at least twice a day. If you don't
think chickens appreciate a cold drink
on hot day, just leave supply Of
warm water beside the cold and see
which they will drink; they will leave
the warm for the cold every time.
Another thing have noticed; ne
glect to keep your layers supplied with
cold water and see how quickly the
quality of your eggs depreciates.
l have seen eggs that were spoiled
when laid, because they came from an
overheated hen, and want to say right
here that the keeping of an egg should
begin before it is laid; that proper care
of the hen is necessary if an egg is to
be kept any length of time. -Agricul-
tural Epitomist.
The Leavenworth echo. [volume] (Leavenworth, Wash.) 1904-current, 1911-09-08
FARMERS VS.. SPECTATORS
Why Tax Reform Is Popular With Farmers,
Merchants, MiIlmen and Wageworkers

Spectators constantly attempt to
discredit tax reform, alleging that it
will be Of little benefit to farmers. I
give below some figures from Whatcom
county which illustrates the great and
constantly increasing benefits which
tax reform will confer on all classes Of
producers.
AT the present time we have in
Whatcom county about 10 acres of
stump land to one of cleared land.
Hence we can lower taxes on cleared
land 10 cents for every cent we raise
taxes on stump land, and still have
the same amount of revenue. When
land is all cleared the total valuation
of the county will have been so much
increased that the rate of the levy Will
not need to be increased. Vancouver,
B. C., has exempted all buildings from
taxation yet has not raised the rate
which has for years be 20 mills on the
dollar.
Suppose farmer has 40 acres of
which acres are now cleared; that
under the present system, taxes are So
an acre on his cleared land and go
cents an acre on his stump land; and
that we raise the tax on stump land IS
cents per acre, thus enabling US to
lower taxes on cleared land 10 times as
much or 81 so an acre.
The farmers 1911 tax account will
stand:-
1911 taxes under presend system:-
IS acres stump land at 60c $21
acres cleared at $500 10
Total 1911 tax under present -
system $31
1911 taxes under proposed SYSTEM
IS acres stump land at 75c $25.25
) acres cleared at SOC $50
Total 1911 tax under propos----
ed system $27.75
farmers annual gain in 1911 $3.25
This does not seem very important,
but next year it will be better; for the
farmer will clear up more land, while
the spectators land will stay wild.
By 1916 the farmer will have cleared
up 10 acres and so his tax account for
1916 will stand as follows:
The Leavenworth echo. [volume] (Leavenworth, Wash.) 1904-current, 1911-09-08
farmers 1916 taxes under preser

farmers 1916 taxes under presen
system:-
Is acres stump land 60c SIS
IS acres cleared land at So sc
farmers total 1916 tax under -
present system $45
farmers 1916 tax under proposed
system:-
25 acres stump land at 75c S18.75
IS acres cleared land at soc $50
Farmers total 1916 tax under
proposed system S26.25
Farmers annual gain in 1916 S18.75
By 1921 the farmer will have all his
land cleared and so his tax account for
1921 will stand:-
Farmers 1921 taxes under present
system:-
40 acres cleared at so $50
Farmers 1921 taxes under proposed
system:---
40 acres cleared at SOC $40
Farmers annual gain on and after
1921, 500.
Everyone who expects to clear his
land favors tax reform. In other words
when we quit fning farmers and mill
men for developing the resources Of
the state we will make it SO desirable
for the farmer to clear up his stump
land, and for the mill men too, and
manufacturer to operate his plant, that
our Puget Sound country will become
the garden spot of the world. When
it pays better to clear up land than to
hold it out OF use, there will be a ire
mendous demand for labor at fair wages
and tee wage worker will create another
demand for manufactured articles.
Prosperous farmers and busy wage
workers will create a paradise for mer-
chants. In British Columbia no mill,
factory or logging outfit pays cent of
taxes; but wild land pays an annual fine
of forty mills more than adjoining i'm
proved land; wild land averaging some
four or five times as much taxes per
acre as does adjacent highly improved
land. By exempting factories from
taxation, we not only encourage pay
rolls, but are able to more effectually
discourage discourage speculation
Let US exempt COWS and levy spec
ial tax on stumps; let US exempt fact
cries and levy special tax on vacant
lots; let US exempt small homes and
collect so cents per thousand on tim
Der as it is cut,
The Leavenworth echo. [volume] (Leavenworth, Wash.) 1904-current, 1911-09-08
Concerning tomatoes

Wash, mash and boil till tender with
two tablespoons of salt and half a
bushel OF tomatoes. These may be
the inferior ones, not choice enough to
can. After cooking let them cool and
rub through seive; return to the fire
and boil until thick. When nearly
done add half an ounce each Of ground
cloves, cinnamon and black pepper,
two pounds of sugar and one quart of
good vinegar. Cook fifteen minutes,
bottle hot and seal.
The ground spices make it dark,
but give better favor than where
whole spices are used.
Never put any water into tomatoes
when making catsup or chill sauce, for
if they are properly mashed at first they
will not need it.