davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-02-18
NEW YORK PRODUCE.

Quiet and lower to sell. Spring patents.
5. 1Oa535: winter straights, 4.25a4.40; WIN
ter patents. 4.5oa4.so: spring clears. 4.2oa
ter extras No. 2. 3.55a3.65; Kansas
straights, 4.75a490 Receipts, 16,SO7
barrels: shipments. 1900 barrels.
Rye four-Steady: fair to good. ASA
1876: choice to fancy, 5O0a5.25.
Buckwheat fiour-Steady; 2.9O per 100
pounds.
Cornmeal-Quiet; fine white and yellow.
1.65a1.7O; coarse, 1.55a1.6 80; kiln dried,
$3.50.
Rye-Quiet: No. ?, 81 elf Buffalo.
Barley-Quiet; mailing, 1.22a1.35 elf.
Buffalo.
Wheat-spot easy; No. red, 1.O1s4
elevator export basis and 1.O3A TO. o.
afioat: No. l northern Duluth, 1.191z fob
afloat.
Futures market was easy under liquida-
ton due to lower cables. favorable Argen-
tine news, large receipts and weak out
side markets, closing at " to 70 net de-
July closed. LOO. Receipts. 41,OOO bushels.
Corn-Spot easy; export, Tx fob
afioat Futures market was nominal
Receipts, 1875 bushels; shipments. 1917
bushels.
Oats-Spot easy; standard white, COZ
in elevator: No. =. COZ; Nos. 3 and 4. co.
natural white and white clipped. 60a60E
on track. Futures market was nominal
Receipts, 64,O50 bushels.
Hay-Firm; prime. 135: No. l, 1.Soa
1.35; No. 2, 1.15a1.20 No. 3. LOS.
Hops-Steady; state, common to choice,
1911, 45a54; 1870 nominal: Pacific coast,
1911, 4OaE1; 1910. nominal.
Hides-Steady; Central America, %; Bo-
gotta, 2312a241e.
Leather-Firm; hemlock firsts. 25a27;
seconds. 2ia26; thirds, 2la22; rejects, Ii.
Pork-Steady; mess, 17.J0a17.75; family,
10. OOa2s.O0; short clear. 17.GOa1S.5O.
Beef-Steady; mess. locals 50: family,
a. 5Oa15OO; beef hams, 27.5Oa29.5O.
Cut meats-Quiet: picked bellies. 10 to
IA pounds, 9h; picked hams. II.
Lard-Easy; middle west prime, S.SOa
$50; refined easy; continent. 9.25; South
America, 1910; compound, 6Sa7h.
Tallow-Quiet: prime city hogsheads.
g. special, 61k; country, 5&a6A.
Cottonseed oil-Steady; prime crude
southeast. 4.54a4.6O: prime summer yell
low. 5;52a5e 80: February yso, o. S;eoa Is 81
Petroleum-Steady; refined, New York
barrels, $40; refined. New York bulk.
400; Philadelphia, barrels. $40; Phila-
delphia bulk. 400.
3Oa31.
Rosin-Steady; strained. common to
Turpentine-steady machine barrels.
Rce-steady; domestic, saa51A; Patna.
61sa6la.
enthusiastically; New Orleans open
kettle, 35aoO.
Raw sugar-Firm muscovado, SO: test.
43O; centrifugal. &c. test, $50; molasses
sugar. 50: test. 4.O5
Refined sugar-Steady: cut lo>f, ego;
crushed, $50: mold A. els; cubes, sos;
xxx powdered, 5.95; powdered, $40;
formulated fine, $50: diamond A, $50;
confectioners' A, 5.65; No. l. SOS; No. 2,
SEQ: No. 3, 5.55: No. 4, $50; No. 5, 5.45;
No. 8, $40; No: I: 535; No. 8: $50; No.
9. SOS: No. 10. $40: NO. H. DO; NO. L.
$40; No. 10, 5.O7; No. IA. sos
Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-02-18
Condition Of the Treasury.

At the beginning Of business yester-
day the condition Of the United states
Treasury was:
Working balance in Treasury offices.
SIS, 1885, 64.
In banks and Philippine treasury,
35.926,784.
The total balance in general fund was
$119.128.424.
Ordinary receipts yesterday were
$3.071 .944.
With ordinary disbursements of $2.-
454,049.
The deficit to date this fiscal year is
S24. 880.957.
As against a deficit of $4,O2O,4SI at
this time last year.
These figures exclude Panama canal
and public debt transactions,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-02-18
Chicago Cattle Receipts.

CHICAGO. February 17.-Cattle-Re-
CENTS 800 head; market steady. Beeves,
4.70aS.50; Texas steers. 4. 60a5.75; west
ern steers, 4.S5a7.O0: stockers and feed
ers, 380a6.15: cows and heifers. 2.1Oa
$50: calves, 5.75a8.25.
Hogs-Receipts, 10000 head; market
Zoe higher. Light, 5.a5a6321.; mixed.
5.e5a6.32k: heavy. 600a6.35; rough.
6.o0a6.10; pigs, 425a5.90; bulk of sales,
6.20a6. 90
'Sheep--Receipts. 1000 head: market
steady Native, 3.55a4.85: western. 3.60a
4.40a6.90; western. 4.75aS.so.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-02-18
ACTIVITY IN BONDS
investments Being Made on a
Large Scale.
SAFES ACROSS COUNTERS
Effect of Political Agitation in Max
ing of Prices.
BIG INTERESTS WATCHFUL
Bearish Sentiment in Wall Street
SAFES -ACR0sS COUNTERS
BIG INTERESTS wATcHFUL
Bearish Sentiment in Wall Street
Growing Stronger-Rumors About
Tobacco-Big Crops Predicted.
BY w. G. NICHOLAS.

Special Dispatch to The Star.
NEW YORK, February 17.-This is
bond market rather than a stock market
Activity ccnters- largely in the senior
class of securities. Savings banks, in
suTance companies. trustees and wealthy
people are putting their substantial sur
plus into bonds, and transactions are on
large scale This does not appear so
much in the buying and selling on the
exchanges. as across the counters of
banks and underwriting concerns. There
has been no attempt to put up the prices
the money that is offered and do no
hsgCling. The statesmen have the goods
on their shelves and are only too willing
to tighten the load, lest the market get
away from them. Despite the, activity,
the manufacturers and statesmen of bonds
have a feeling that the market is none
too broad or deep or strong. and that
they are following a policy Of prudence
by taking advantage of every oppOrtu-
nifty when presented. Since'the begin
ming of the year new issues of bonds
have been very heavy, and the stuff is
still coming out in torrents. 1t has long
to whether a boom in the bond market
preceded one i'm the stock market, or
whether stocks took the precedence in
that sort of a demonstration. The issue
is settled for this year at least. We are
having our big bond market and the
other is yet to come-aSSuming that we
are ever again to see wild speculation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-02-18

CHICAGO. February IA sharp
break in prices for wheat occurred today
as a result Of shipments being made
from Argentina and because of heavy
United States. The c.ose was weak. =
to 1c under last night. Corn finished
u to ssaa4 down. oats off IS to Is and hog
products less costly by a shade to 2Oc.
cline of 4as from the recent high point
of the market. Only one rally took place
during the session, and that one proved
feeble. Buenos Aires dispatches told OF
greatly increased exports and promised
further gain next week. cable to
a Chicago house estimated the Argentine
surplus at S0,000.000 bushels. Bearish
sentiment grew rapidly with the an
nouncement that primary receipts for
the week i'm the United States had
reached over 100000 bushels. a total
nearly twice the figures of year ago..
In the last part of the day, when the
bulls were just beginning to catch their
breath. another blow came I'm the form Of
had put the Minnesota crop 2O.OO0.OOO
bushels too low and that shipments from
the rural districts would be liberal for
month yet at least. Between the open
to 1.O1asah. with concluding sales 1.00Ssa
u, exactly 1c down compared with twen-
ty-four hours before.
Longs appeared to be selling out corn.
The buying was OF a scattered sort,
mainly covering on the part of the shorts.
and had little power to sustain the mar
ket. Shipping call was poor. May fiu$1l
ated from 67ia to GS14aA. closing Weak
at the first named level, decline of 2saa.
net Cash grades were depressed, espe-
cially for the cheaper kinds No. . yell
low was not quoted.
Commission concerns pounded down
oats The incentive was for the most
part Of the weakness Of other grain.
Upper and lower limits touched by May
turned out to be 521aa5s and 521k, with
In evidence i'm provision pit. Higher
prices for hogs failed to offset the weak
ness that ensued. In consequence, the
end Of the day left pork 10 to 20 lower.
and lard and ribs easier a shade to IN
Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-02-18
COTTON MARKETS.

NEW YORK. February 1.-THE cotton
market was less active today, and there
was less excitement. but fluctuations con-
tinued very. nervous and irregular, and
after having shown net advance Of
about to 10 points. the market weak
ened in the late trading with the close
barely steady, net 1 point lower to 3
points higher.
The market opened steady at an ad-
vance of 4a9 points on overnight COW
ering orders. and in sympathy with rather
steadier cables Fluctuations were irreg-
uar from the start, but the market during
the middle Of the morning developed a
considerably steady undertone owing to
the failure Of southern spot advices to
indicate any general weakening among
interior holders and rumors that leading
bull interests were working to regain
control Of the old crop situation. Prices
sold up to net advance of about to 10
points on this rally. with May touching
1921 and July 1929, or some 10 to 20
but in the last half hour of offering be-
came heavier again, and the market closed
within a point or two of the lowest.
Very unfavorable reports concerning the
proba biity of a national coal strike In
Great Britain exerted a disturbing in
fiuence on the market Private cables
stated, however, that the Lancashire cot.
ton mills had a reserve supply or coal
sufficient to meet fully months neeos,
and the somewhat steadier ruling of the
Liverpool market helped to offset the IN
favorable labor news during the early
ira ding. Private advices from Memphis
claimed slack spot demand and freer
interior offerings, but advices were re-
ceived from several eastern belt points
reporting that eastern spinners had been
good buyers on the decline, and that
holders were not meeting the Dreak IN
futures.
Cotton-Spot closed quiet; middling
uplands. 1926; middling gulf 1857 NO
sales. Cotton futures closed barely
ste Nv
Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-02-18
NEW ORLEANS.

NEW ORLEANS. February 17.-Cot-
ton futures opened steady. at an ad-
vance of to 5 points. Cables were
none too good. but there was no pres
sure on the market in the early trad
ing. and shorts were inclined to even
up over the week end. The weather
map was wet and the indications were
for unsettled weather for the cotton
belt for over Sunday. This gave the
market sVeadiness. The market was
quiet. but very steady throughout the
entire session, as shorts took profits
on rather a large scale. even when
prices were advancing. Bulls made no
effort to put prices up. but allowed
the market to take care OF itself Al
the highest of the day prices were .
to 10 points over yesterdays final quo
tations. The market closed steady at
an advance of 3 to s points
Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-02-18
Watching Attitude of Those Who
Control Steel.
AIRS ARE DISAPPOINTED
Woeful Predictions Falsified-Rail
ways Undertake Betterments.
Business Conditions Improve.
BY n. ALLOWAY.

COPYRIGHT. 1912 II. g. HOPPER n "
NEW YORK, February lit is not
often that the professional SPECTATORS of
Wall street are agreed as they are now
for actually at present they are come
into almost perfect harmony upon one
point. And that is that the security mar
ket's immediate future depends upon a
single stock. its fluctuations and the at
titude of the not always unified groups
OF financierS who control the property
The stock, not strangely, is Steel Trust
common. 1t is assumed that in active
concert they who direct the operations
of the company can dominate it's market
ccurse-it has been their habit often to
do that Yet it becomes known lately
that there are possible official Emergencies
these days. that there are radical dis
agreements upon some policies that may
be regarded as almost elemental.
No secrecy wraps away from the pub
lie what are the views and cOunselS of
one 1nsfder-the one who on memorable
past occasions has proved himself the
corporations master-J. Pierpont Morgan
He always stands foursquare. knowing
not one thing of the art of lodging. ''But
what's the use of fighting if you can COM
promise-at a profit? is doctrine very
dear to the heart of certain Tor uncertain)
confreres in this chief of American in
dustrial undertakings, and their voices.
though sunk to whispers, may none the
less be heard suggesting that there should
be practice of more diplomacy than re-
Gently practiced. They insist upon CLASH
flying every criticism as an attack, every
independent move as "politics"-and their
tied, all politics uppressed-diplomati-
cally
Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-02-18
Iron and Steel Stocks.

Republic Iron and Steel has been one
Of the weak stocks under continuous pres
sure In the days when the market man
agement of that stock lay with the late
John w Gates he could do most any
thing lie wanted to with it-stir it up into
"A wild turmoil OF activity. get the public
interested and unload any sized line he
might desire. Those were the days when
the Pittsburgh and Chicago plungers liked
10 rock the boat in storms on the stock
exchange Most of them have been ship
wrecked or else have died. Their places
have not been filled. There are no more
days; five-hundred-
thousand-share days are regarded as sat
isfactory. or at least eudurable. 1t SO
happened that some OF the insiders In
Republic Iron and Steel were determined
10 unload. and there was no market 1or
their stuff Down went the price nearly
Sl5 a share The breath of speculative
life was blown into Bethlehem Steel
through the medium of palpable pub
lcity and the insiders who wanted TO
convert some of their certncates INTO
coin did not succeed. Owners of shares
I'm many other independent companies
would like to find a market for their
holdings. but on looking over the field
they are obliged to admit the hopeless
ness of any such undertaking: conse-
ouentIy nearly all of the iron and steel
stocks have gone to Sleep"
big Steel Is the only exception. Any
body can get in and out of United states
Steel within moderate distance of what
ever the ruling quotation is. Wholesale
liquidation would of course smash the
stock as it has done before, and the whole
market would go, with 1t. That no sucn
calamity has yet occurred borders on the
marvellous and tells wonderful story
OF the endurance and courage OF the
great army of investors. for industrial
conditions are certainly full of discour-
agement and the outlook blue.
Reports About Tobacco Magnates.
In inner circles TIE story is current
Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-02-18
BALTIMORE.

Special Dispatch to The Star.
BALTIMORE. Nd, February H.
Wheat-Dull and easy; spot contract.
9SA; spot, No. red western, 90; Febru-
arv. 9SA; March, -.,N: May. 1.Oo1e; steam
er. No. 2 red. 95A; receipts, 900 bushels.
Corn-Easier; spot contract. 607s Feb
ruary, S9E: March. 7Oss: April, 71H:
steamer, mixed, 67as; receipts. 1873, $50
bushels
asked: standard white. OK asked; No.
white, 57h asked; receipts. 3.423
bushels.
Rye-Dull: No. 2. western domestic, LOO
asked; receipts, 100 bushels.
Hay-Firm: No. ] timothy, unchanged:
No. clover mixed. unchanged. Grain
freights firm; steam to Liverpool, per
bushel, unchanged; Cork, for orders, per
quarter. unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-02-18
Big Crops Predicted.

Railroad presidents, interior bankers and
the great mass Of business and personal
correspondents from the western and
southwestern part of the country unite
in saying that soil and weather condi-
tions give promise of bunker winter
wheat crop and other farm productions
an immense agricultural ter
ritory Brilliant crop reports from the
northwest are regarded as premature and
carry slight weight.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-02-18
The World of Finance and Trade.
Washington; New York; London.

built up the tobacco monopoly are work.
ing upon another grand plan Of con-
solidation. to take the place Of the old.
Reports have been going the rounds and
finding their way into the newspapers
that James B. Duke. founder of the
tobacco trust. has nuarreled with his asso-
ciates. and will conduct a bitter com
petition against them, the battle-ground
being two continents and most OF the
rest of the world. Those best lin the
know" say there is not the slightest
foundat ton for the talk Of actual friction
in this group of multi-millionaires, who
have grown rich together, and whose IN
terests are closely interviewer. The report
which finds credence among those who
should be best informed is that Mr.. Duke
in breaking away from American Tobacco
and assuming the presidency Of the Brit
ISL American Tobacco Company Is SIM
ply engaged in the construction OF raft
upon which to float the fragments Of the
American tobacco trust and Join the
pieces together again under the protec-
ton and direction Of the foreign corpora
ton. There is nothing in the tobacco
business too big for Mr.. Duke and his
associates to take on.
For years they have dominated the
trade Of America, and within the COM
paratively recent past have gained a pow
erful foothold in Great Britain ana III
Europe. 1t is, therefore. not unreal Tor
this crowd to conceive of and carry INTO
execution an ambitious plan for the con-
centration of the tobacco interests In
more solidified form than ever before-big-
before the Washington government start
ed in to bust the trust" When Thornas
+. Ryan. Anthony Brady, Oliver Payne,
the Whitney heirs and all that crowd
really 60 to pieces in factional dispute
millennial days will surely be dawning.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-02-18
A New Sect.

From Puck. :
''Wombat is a Professionalism"
''What on earth is a professionalism!
"A man who believes he's bound to get
run oyer some day By an automobile"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-02-18
,Bearish Sentiment Stronger.

Bearish sentiment is growing stronger
and rather more aggressive. The argu-
ment is used with considerable effect that
most ;of the good points in the market
have been discounted. and that when
actiop really comes of moment the
trend will be downward. There is weight
10 this presentment. yet somehow the
foundations of values do not yield to any
extent under pressure. For one reason,
there is d strange scarcity of stocks
within borrowing reach of the short
sellers. and unless they can borrow the
stocks with which to make deliveries on
their short sales they c"rner them
selves and place themselves at the
mercy of the various people they intend
ed TO mulct. The swing of prices has
been within very narrow range, and
has given to neither side important ad-
vantage. The scalpers have had the
stage pretty we'll to themselves and have
been reasonably content with the capture
% the elusive fractions. No; so with
the spectators. They lose money i'll
these narrow trif1ing markets. Unless
they can take a position, they are
like boat at sea without sails, rudder
or anchor, and are as much at the
mercy of the gadfiys on the exchange
as the variest novice. Several times the
market has been tested in a fairly large
way, with a view to breaking prices and
starting a bear campaign. Each time 1t
looks as IL the effort might be crowned
with success: each time failure has re-
suited except in. the cases of some OF
the minor speciaities, which we're found
without support.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-02-18
Effect of Political Talk,

Discussion in Wall street has been di-
vided between the very big things on
one side and trivialities on the other
with the latter taking the. lead in the
matter of surface interest aroused. Big
of course, and it will continue to do SO.
at least until after the two conventions.
and even then. until after events take
such form as to cast a shadow Of safe
prophecy ahead. There is no getting
away from the fact that the coming pres
idential election, taken in conjunction
with tariff revision and agitation against
combinations of capital, will continue to
play an important part in the making OF
prices. not only of commodities, but
stocks. Those who would seek to ignore
or belittle the Importance and Significance
Of political forGfs. operating market-wise.
are only deceiving themselves, and that
Is species of folly sensible people try
to avoid.
For the moment representatives, of the
great interests are doing no more. than
they can help Part of them have gone
away on their winter vacations. but by
far the larger number remain in or with
IN easy reach of New York. Their money
bags are here, and it is just as we'll not
to stray too far from the base Of supply.
Truth is a great many men of affairs in
the business world, and in banking,
realize that a mighty revolution is going
on-more or less peacefully. and without
the shedding of blood or destruction of
property, but resistlessly as the move
ment of the spheres. They are watching
the action of these forces with undisguis-
ed anxiety and solicitude. They feel
that they are coming out all right, but
that it ia nevertheless a good time to stay
around where their principal interests lie
just to be on. hand I'm case something
might happen and rescue parties be need
ed for salvage work.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-02-18
Railway and Miscellaneous Shares.

The following table shows highest
Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-02-18
Ranking in Some Bosoms.

Thus it develops that the outspoken re-
Spouse that Mr. Morgan dictated to the
government suit for the company's disso-
luton rankles in some official bosoms,
and it is because this is suspected by
common looms into the consequential
place of being the very test spot for the
whole market. Its strength commune
Gates firmneSs to the rest of the list; it's
weakness upsets confidence all around.
At various times this week there have
pending in this particular. One day saw
the Steel, quotation down a couple of
points. and on the day following it's tend
ency appeared to be toward further re-
ceSsfOn; but of a sudden it plucked up
fresh vigor, approaching buoyancy This
quotation seesaw has been accompanied
by daily trading on a scale far beyond
the total Of any other stock-approximat-
ing even as much as 50 per cent of all
other stocks in aggregate combined.
Up to this time it is either partys fight
-scant glory belonging to defender or
assailant, for defense tactics have not
been supplemented by anything agrees
sive beyond mere effort to prevent a de-
cline. while they who have been assailing
seem indisposed Tor it may be they are
unable) to follow up an advantage. But
men of long experience in Wall street
realize that there is more under the sur
lace IMAM caSual observers may detect;
and such watchers of the situation are
alertly eXpectant day by day of some
outburst that, one way or the other. will
be vigorous aplenty, and bring sequeis
that will make quick market history. If
they who should play fair with Mr.. Nor
gan do play fair, and If there be no be-
trayal of the attitude his comprehension
and his courage dictated the outlook
need have no terror for the investor.
But to be fair or not to be-thats the
question. 1t will be Standard Oil that
gives the answer