davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-17
FOREIGN MARKETS.

LONDON. December 16-During the
week the stock market was a shade more
active. with a Steadier undertone, and the
closing today showed a good, general i'm
provement. The agreement between the
rail men and the railroads removed the
uncertainty which had overshadowed the
market for months and stimulated more
confident operations in British stot X.
home rails naturally approaching the
most. but even consols gained "a Of a
point. although both sect onS closed be-
low the best on fears of revival of trou-
BILE in the coal trade Several attractive
UP. but the So. 100000 Canadian North
ern railway and the $12. JOO,uO Brazilian
issues were left largely in the hands OF
the underwriters. Foreign securities were
cry in Japanese bonds due to bear COW
ering. Copper shares continued buoyant
on the rise in the price of metal and
strong Paris and New York support
Amalgamated shares leading. with an adj
vance of > points
American rails were distinctly frmer on
the Hadley report. professional buying
and the rise in the price of steel prod
ucts- Local operators covered moder-
ately and despite occasional setbacES
the market closed steady and from tc
7 points higher than a week ago. United
States Steel shares were the leading fea-
ture.
The diminishing supplies of money ne
England during the week. The bank is
also doing good discount business in
January bills al per cent. and this. with
the expected Argentina gold demand, in
dicates a strngency in money for some
time.
Money and discount rates were firm to-
day.
Trading was quiet and a cheerful tone
prevailed on the stock exchange. A small
failure the outcome of the recent settled
menI did not affect the markets and
prices generally hardened. Copper. omni-
bus and shipping shares were the fea-
lures.
American securities opened steady, with
prices about unchanged. Later the mar
ket advanced under the lead of United
States Steel. The closing was steady
with values ranging from unchanged to a
point higher than yesterdays New York
closing.
PARIS. December 16--Prices are gen.
orally firm on the bOurse today.
BERLIN. December 16.-Trading was
dull, but prices were firm on the bourse
today.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-17
CHICAGO GRAIN.

CHICAGO, December 16-Despite help
full news from many sources, better har-
vest weather in the Argentine sent the
wheat market today TO lower level
The close here was easy at Il TO Y under
the figures of twenty-four hours before
Corn finished a sixteen to 70 higher
than last night, oats shade down and
hog products varying from unaltered
prices to a decline of Zoe.
Partly Offsetting the improved weather
for the wheat harvest in the Argentine
were reduced estimates of the surplus
which would be available for export from
that country. The bulls obtained some
engagement, too. from the fact that
receipts of spring wheat this side of the
Canadian line were little lighter than Il
year ago, but the arrivals at Winnipeg
told different story, being quadruple the
figures of twelve months back
Whether the big movement northwest is
about at an end or not. however, there
was no doubt, apparently. that cash
wheat demand was picking up Not only
here, but at Minneapolis. Omaha and
Kansas City millers We're buying. Never
theless the idea that with good weather
the Argentine might after all yield more
than was being figured upon turned
sentiment at last definitely TO the bear
side. Between the opening and the close
May ranged from 9Sl2 to 99ls. with last
sales 3ss4 a loss of a net.
Rough weather over most of the belt
had bullish effect on corn. Besides.
there was an official prediction that relief
need not be expected within the next
thirty-six hours. May fluctuated from
c37sa64 to GAS. closing steady shade net
higher at 641s Cash grades were not
freely offered. No. yellow brought
GOS4a61 for new.
Though firm most of the day with
corn. the oats market dropped in the end,
as result of the downturn of wheat.
The fact that primary receipts were run
ming large was also an influence tending
TO-. hot
prices touched for May were 40 and 4S&,
with the close at the last-named level,
net decline of a shade.
Provisions were little disposed to sas
owing to the possibility that the action OF
the British government in shutting out
bids from the larger American packers
might lead to a similar course by other
nations. AS a result pork tonight was
7ka10 cents less expensive, but lard and
ribs had not eased off beyond 2h al the
most
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-17
NEW YORK PRODUCE.

NEW YORK. December i6.-Flour
Steady. with a small iobbng trade: spring
patents. .OOa5.3n: winter straights. 1. 10sl
40: winter patents, 4.3,a4.1 20; spring
clears, 4.1fa4.31; winter extras No, l,
2. 70a3 so; winter extras No. - :: .,Ia:t. e.,
Kansas straights 4.5Oa4. 40: receipts. >.
GO barrels: shipments. 2l,262 barrels. Rye
flour quiet; fair to good. i.1tai.95: choice
to fancy. !.Uoaa.2O Buckwheat flour
quiet: 2.55a2.G5 per 100 lbs
Cornmeal-Steady: fine white and yell
low. 1'Na1.65; coarse, 1.:E1a16U: kiln
dried. 3.65a:,.7..
Rye-Steady; No. 9. 81 c. i. f. Buffalo to
arrive.
Barley-Steady; mailing. 1.1sa1o5 C. t. f.
Buffalo.
Wheat-Spot barely steady: No red.
Hiss elevator, export basis, and 9S$s f. o,
b. af1oat; No. l northern Duluth. IBIS
f. o. b. a1oat. Future market was easy
early on the cables and reports of more
favorable weather in Argentina. but raj
lied on small northwest receipts and
private estimates veducing the Argentine
exportable surplus. closing net unchans-
ed. December closed ?TH: May. 1.o21sa
1.G.$s closed 1N3L; receipts, 42,cul
bushels: shipments. 3J7S9 bushels
Corn-Spot firm: export, new, 7oi4 f. o.
b. af1Oat. Future market was nominal.
Receipts, ~, $50 bushels: shipments, 1896
bushels.
Oats-Spot steady: standard white, -
in elevator: No. >, 5l1a; Nos 3 and T. a.
and natural white and white clipped, '211sa
81 on track. Futures market was nomi-
nal. Receipts. 3s.125 bushels.
Hay-Firm; prime, nominal; No. /, !. 2oa
1.:0: No. >. 1.10a1.1I; No. 3. ?5a1.m
Hops-Steady: state. common to choice.
1911: :0a56; 1910. nominal; Pacific coast,
1911. 45a5O: 1910. nominal
Hides-Firm; Central America, 81; Bo-
gotta. 22ka23la.
Leather-Steady; hemlock firsts. 25a27
seconds. 2+a26; thirds. 21a22; rejects. II.
Pork-Steady: mess, 11.25al7.1o: family.
10. 0oa2oW; short clear. l7.2oa1s.'.
Beef-Firm; mess. 13.wala.3e: family
14.3Oa150O; beef hams, 29.Wa31.OD.
Cut enthusiastically; picked bellies. ten
to fourteen pounds, 9l4 picked hams. lila
ia.
Lard-Easy; middle west. prime, 31Oa
$40: refined barely steady: continent,
ia.
Tallow-steady; prime city hhds., 81:
country, 37sa6as
Cottonseed oil = Irregular: prime crude
low. 90 bid; December, a.;3a5.3a: Jan
| uary. 533a5.34: February, 53ga5. 40;
March, 5.43a5.43; April, 5.46a5.47.
Petroleum-Steady: refined New York.
Philadelphia, Dbl, 49, Philadelphia bulk
3.S5
Wool-Steady; domestic fleece, XXX Ohio
Rosin-Firm; strained common to good,
6.65
Turpentine-Quiet: machine. bbls., %.
Rice--Firm; domestic. 3a5; Patna. 1a6A
MOlaSses-Firm; New Orleans open ket-
tie 35a5O.
Raw sugar-Nomnal: muscovado, 8!
test. 4.37; centrifugal, 96 test. 4.S7: mo-
lasses sugar, 81 test, ALI; refined sugar
quiet; cut loaf, $50; crushed, 645; mole
A. 6.10: cubes 600: \NNN powdered
$50: powdered, 80; fine graduated > -;
diamond A. $50: confeotioners' \, $50;
No. !. $50: No =. 500: No. >. so: No. 4,
5.45; No. ). 80; No g. :.35: No. I, 30;
No. 8, 5.25: No. .. go; No. 10. 5.15; No.
II. 80; No. II. 5O5: No. IL, 800; No IA,
800.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-17
COTTON MARKETS.
NEW YORK.

NEW YORK, December 16.-An active
covering movement developed in the cot
ton market during today's early trading.
but after the more urgent demand from
shorts had been supplied the market
eased OF with the close barely steady.
although last prices still showed gain
of from . to Z points compared with
last night The opening was steady at
an advance of : points on December, but
generally unchanged to ; points lower
In sympathy with rather heavy Liver
pool cables. There were lot of over
night buying orders around the ring
however. inspired partly. no doubt, by
the bullish weekend figures and the
Steadiness of the southern spot markets
late yesterday, and prices soon firmed
up. with the market for time reflect
ing scare of shorts. which sent the
active months about to IL points net
the low records of the week. Stop-loss
orders were uncovered on the advance
and there was buying by spot people, as
well as by shorts. but after the morA
urgent covering had been supplied the
market turned easier on realizing In
connection with local selling for a turn,
which seemed to be encouraged by ex-
pectations that any advance at this time
would bring out heavier offerings of spot
cotton from the interior The close was
IL to IL points off from the best on the
active months. December was relatively
quiet all day and the fluctuations in that
month We're less violent than in the later
deliveries. suggesting compare lively
smaller speculative interest According to
the visible supply figures OF the New York
cotton exchange. the visible supply of
American cotton increased only $4,000
bales for the week. against an increase
of 214,OOO bales for the same week last
year, while the visible supply Of all
growths Is now only 16s. 600 bales in ex-
cess of last season.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-17

country. That used to be the case largely
when it was the habit in every COM
munity to trade through the New York
Stock Exchange upon margin. meaning
by part, and generally a petty part, pay
ment. Stocks so held We're, of course,
nervously held. dangerously held. were
subject to raids and other manipulative
performances-most of which were coldly
aimed to do stockholders harm. In Il
material way, therefore. q market start
ing up now will not be so Disadvantage
as formerly by weak accounts which
could be harried into liquidation.
In other ways the market Is more
satisfactorily situated for broadening
and Strengthening. OF exceptional conse-
sequence is the fact that millionaire
leaders who for more than year have
been ostentatiously holding aloof from
any relation with the market are known
to have become large recent purchasers
This particularly applies to Tn ted states
Steel. One banker is known to have
bought $1,000 shares of Steel common
during the present week. A millionaire
miner who used to be a United States
senator tells friends that he himself
bought 10000. Such leaders are good
leaders for market-when you can
be sure that they are leading. In this
particular instance I don't believe there
is doubt about it. Insiders are talking
of a fifteen point rise for Steel common.
There ought to be five.
United States Steel shares cannot be
buoyant all by themselves.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-17
NEW ORLEANS.

NEW ORLEANS. December I6.-Couon
futures opened steady at decline of ::
TO points on poor cables. The close
was steady at net decline of l to
the early trading. Immediately after
the call the market became very active
and prices hardened. There was a big
5emand for contracts. which the ring was
Enable TO meet. Rumors said that shorts
were covering heavily. Prices spurted
upward until at the end of the first half
hour of business they were - TO IL
points over yesterdays close. Bulls
were not aggressive and the market had
a very healthy look There seemed to be
an entire absence of manipulation
Toward the middle OF the morning longs
were pront- kers and from then on Of
ferings from this source increased. to-
gether with fresh selling for short ac-
count. Buyers of the earlier part of the
week evidently thought IL wise to take
advantage Of the hard spot to even up
over. Sunday. The advance was
checked and reaction started that final-
" became net decline. for late in the
morning all of the rise was gone and the
most active months We're under yester-
days final prices.
Spot cotton steady: 1-16 up; middling
"a: sales on the spot, :S1 bales; to ar
i've. 100
Cotton futures closed steady: Decem-
GER. 3.O1; January. 9ol March. ?.o6; May
s.I3: July. 81; August, 92o: October.
NEW ORLE.AN december I6.-The
net results OF the 5 trading in cot
ton advance - to % points.
The low prices were made Monday and
the high prices Saturd Iy: at the highest
the trading months We're :S3 10 - points
over last weeks close. and at the lowest
they were II To "a under. From the low
est to the highest there a rise of ~
to CT points.
The low prices of the week immed teiy
followed the government crop estimate
Of 14,Ss-,.8O bales. Shorts started to re-
alize at those levels. aud their buying
increased the week grew older. From
the middle of the week on the market
had very good tone. and steady buying
was In evidence
Late iii the week the market was helped
by the very large mill takings, Hester
putting them at i3l 900 bales against
5000 this week last year
The governments estimate of li.SsI.
Io of JT-pound gross weight was disap-
pointing TO the less conservative element
on the bear side Some of the buying
was traced 10 disappointment over this
estimate.
In the srot department prices first lost
one-elshth or a cent pound and then
advanced three-sixteenths. middling clos
ms at 9!4.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-17
STUDENTS IN DISGRACE.
Young Russians of High Rank Ar
rested for Theft.
,ecial CableSrain TO The star.

Special CableSram The star.
ST. PETERSBURG, December ia
university student and-still higher in
the rank of honor according to Rus
sian fdeas-a student OF the military
academy have been arrested for sue
cessful thefts at the Guards stores. a
cooperative undertaking for the best
classes of society only. Both youths.
who belong to good families, had been
in the habit of manipulating the pay
checks stamped by the cashier on
which the goods are handed over the
counter After making purchases for
large sums-oVer $500 i'm one Casa
small separate purchase WAS made and
the necessary figure inserted to cover the
large purchase.
Another trick was more easily ois-
covered Here the prisoner he'd SIM
ply rubbed out the original inquire ana
substituted higher one. The interest
attaching to the thefts is only ac-
counted for by the rank of life to which
the prisoners belong.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-17
The World of Finance and Trade.
Washington; New York; London
NEW YORK BANKS.

NEW YORK. December 1G.-The state
ment of clearing house banks for the
week shows that the banks hold $15,41l,-
$50 reserve in excess of legal require
mentS. This is an increase of So 1S9, $50
in the proportionate cash reserve as COM
pared with last week
The statement follows;
Daily average:
Loans, 81, A4, 600; decrease ST.
SI4Ns,.
Specie. $3l1 .7G4, 600: increase. $5Ol9,OOO
Legal tenders. Ss4042,co0; increase. S.
SIX coo
Net deposits, s1,e7o,oia,ooo; decrease.
Circulation. $51os0 900; increase. SEQ,
coo
Banks cash reserve in vault. $33;t3os,
eco
Trust companies cash reserve in vault
Stin 4.iS tn0
Aggregate cash reserve, $685.. O60oO.
Excess lawful reserve, So so: in
crease SlO.7S9 S.N'.
Trust companies reserve with clearing
house members carrying - per cent cash
reserve. S.v,.1:i,i,;HO.
Actual condition:
Loans S1.S1o.n:'7.,so. increase $12.o,6. 900:
specie S314.oS2.No, increase S6.6S6,GOJ: le-
gal tenders $S1.341 ,m.O. increase S2.EG coo;
net deposits 1.Eo. :;44.c0o. increase ST.
:'3.0oo: circulation S:h.92o.0o. decrease
SS'c.Nlo: banks cash in vault. $3.50. 335 OGO:
trust companies cash reserve in vault,
or; 0's'; excess lawful reserve S15.627 400.
increase S333i 100: trust companies re-
serve with clearing house members carry
ing % per cent cash reserve. S1o.911 ,oO.
Summary of state Danks and trust COM
panies in Greater New York not reporting
to the New York clearing house,
Loans $61S,J41 1Hi, decrease $13Sf.30O;
specie $6si. Dos. 800. increase 30. 100: legal
tenders S11 400. increase $yi6,WO. TO-
tai deposits $61t, $4,000, decrease $6,13J.-
100
The Financer will say:
\ further rapid recovery in cash, due
to receipts from the interior and spe
cial operations brought about an in
crease of $3,931.15O in the excess
serve account of the New York clear
ing house banks for the Week ending
Saturday, the present surplus above the
- per cent minimum standing at $l5.
So, 400. Loans, after Il continuous con-
traction which has amounted On the
present movement to something like
the current week of S12.916.000. and
this. together with the gain of $685..
600 in cash. resulted i'll an addition OF
ST.. $4,000 to net deposits. The In
creased reserve requirement. due to
larger deposits, had the effect of counter
acting in part the cash gain, but. as
already indicated, the surplus rose near
ly four million dollars.
1t will he realized therefore. that
fears of money stringency and the
proba bilty of gold imports are tenn
porarily at an end. The separate report
of the trust companies of New York
for the current week showed very
moderate changes. loans having ex
banded approximately 100000. and
cash little more than one-ha1f mil
lion Net deposits of the trust COM
panies fell three and one-third millions.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-17
WHOLESALE MARKET REPORT.

Quotations given below are Tor large
lots. Jobbers' prices are higher.
EGGS-Nearby FRESH Virginia, 2sa3o.
West Virginia and southwest Virginia.
21a2S; Tennessee. 2ta2s
BUTTER-E lain fancy, 3Staa39: western
firsts, 36l2a37ia: seconds, 33la34is.
cHEESE-New York state factory. new.
15laalG.
POULTRY-Chickens. per H.. II:
hens Der ID. IL: roosters. per ID, =.
turkeys, per H., 1oal6; ducks, per ID, la
DRESSED PoULTRY-Hens. choice.
per H., I2al2ia; chickens. per H., i3a14:
ROSTERS. per h.. 9a1o: turkeys. per H.. lJ
ais: ducks per 10. lIa15; geese. per H..
l1al3: capons. Id. average. per ID. lsaa0;
capons. small. per H.. loal6
GAME Rabbits. per doz, lcoa %:
doz. 2.ooa2-25; No per doz. l25ai.'
nheasants. each. :0a15; squirrel each.
Gas. wild turkey. each. per Id. 2oa22.
VEGETABLES-Potat Michigan
state. per sack. 2;s'a2-1o; sweet IN. CD
ner bbi. 25a.a3 p: vans IN CD per Dbl.
2eoa2i 20: cabbages, 100 lbs. l.25al 80;
brussels sIrouts. per quart. Sa12le:
onions PER bushel. I. l5al.35; caulfiower.
per bbl, 2Ua3.oo: eggplant. Florida, per
craze. :,J0a4oo; lettuce, per basket. l.50a
800: string beans, per okt, s.ooaoo w;
celery. l.D0a1.1o.
GREEN FRUITS-AppIes. per Dbl.
o5a4.5o: oranges. California, per box.
3paa3D: Florida oranges, 80 to
800; tangerines. per strap. 4.0OaJ.oO;
lemons. per box, f0oa5.oo; grape
fruit. per box. 45Ga5.25; pineapples. / GOA
2o5: squash. per Dbl. 15al.00: pears.
Keifer, IGal.o3 per Dbl: cranberries, ~
quart boxes }.25a:.5o: per hbl-. 9.2oa1o.25.
HAY AND STRAW-Hay, western.
No. i. o35Oa.4.0o; No. ., 2200a22.5U:
mixed hay iS0Oa22.o0: straw. rye.
bale, l5.0oa17.0o; machine thrash l3.Ooa
400: straw, wheat, per ton, 9.Ooae 90
straw. oat. per ton. 11-0oal2.O0.
LIVE STOCK-Sheep. Fer H.. 2a3Ss:
ambs, spring, per lb-. 5a515; calves.
choice per h., 1leas: medium, per lb., a.
GRAIN Wheat. Few, per bu., 3oa3-:
corn. shelled. old. per BIT, i6as3; new,
COATS: ear. per bbl-. old, 3.JoafW new. per
Dbl, :,.00a3.50: oats. western white.
No. =. per bu.. 5aa-s; oats, mixed. per
bu.. 3la55; bran. per ton, 300; mid
WOOL AND HlDES-Wool. washed.
.-ee of burrs. per h.. 2Ia25: wool. I'M
washed, per h.. 20; hides, dry. per ID.
lJai6; green hides. ill.,, IL: calfSHin, sreen.
each. l.23a1.50
SEEDS-Red clover. per bu-, Ia
IL -: alsike clover. per bu-, 11'odl2 -;
white clover, per bu., 15ooa20.Oo; GRIM
son clover. 475a5.O0; timothy. per bu..
Z 6OaS 90; blue grass, per bu.. 3. 2oa3 40;
redtop grass 17.o0al9.Oo per LOO lbs; AL
falfs per bu.. 6OoaIOO.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-17

great many stocks with long records as
dividend payers can be bought on an in
come basis of Il to per cent This Il A
very good yield on the investment. and
beats bonds and savings banks > TO 4
points. As the stock market is always
here. investors who put their surplus into
active stocks that pay their way take
small risks. This is not the kind of
business which makes loud impress. but
where it is continually going on the ef-
feet is felt. 1t makes a backbone for the
market and goes long way toward sus-
tanning prices and imparting genuine sta
to
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-17
NEW YORK FRUIT.

NEW YORK, December 16.-Evaporaled
apples are dull and unchanged and prices
are largely nominal; on the spot fancy are
quoted at 10a1O12: choice, S$4 asa: prime.
SlaaS7s. Prunes are firm with very light
offerings from the coast; quotations range
from J1Ra1l for CALIFORNIA; up to 40-ots
and 1Olha12 for Oregons. Apricots are
quiet and steady: choice. l3aloh.; extra
choice 1ea16ta: fancy. 11a1S Peaches
are in poor demand, but prices are steady
choice 11Aal1la; extra choice. 11a4al2;
fancy. 12Hal2ai. Raisins are in wait
ing position with prices steady; loose
muscatels are quoted at 1s.a1; choice to
fancy seeded. 7aaSA seedless, Gar; Lon
don layers !. 4Oal.f
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-17
Lehigh Valley Active.

Lehigh Valley was unusually active. and
during the second hour supplanted L. S.
Steel as the market favorite. The price
vas marked up 29s to ISIS, in connection
with the report that at the annual meet
ing next month plans would be made for
segregation of the assets and an extra
distribution among the shareholders.
Predictions of d large cash gain by the
banks this week were borne out by the
Clearing house statement, the actual gain
amounting TO nearly S9.000.0Go. The most
striking feature of the report was the
loan item, which in the average table
showed decrease of SIT. S14.0D. and I'm
the actual statement an increase of near
iy S11,UO.GH The change reflected the
heavy demand for cash at the end of the
week. which probably was due largely to
stock exchange requirements and dividend
payments.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-12-17
NEW YORK CATTLE.

NEW YORK, December l6.-Beeves-
Receipts .J02 head; no trading feel
ing unchanged. Dressed beef steady at
Sa1o1h for native sides. Exports. S6i
cattle.
Calves Receipts, 4J3 head: market
steady No state veals offered; Indiana
calves sold at 4a9. City dressed veals
Halo uer III: country dressed. do 9a12i@
Sheep and lamhs-Receipts. 1.6f; head
sheep steady: lambs. loal1 CHER Com
mon to good sheep sold at 2.J0a362ia;
fair to prime lambs, 6aG. 10
Hogs-Receipts. 1,tSS. Feel rs nom
inally lower.