davidaulloa/AmericanStories huggingface dataset:
Evening star., 1912-11-24
CHICAGO PRODUCE.

CHICAGO, November 23.-Army move
ments in Germany, Austria and Russia
ket closed strong at advance OF v to
xaA net.
Corn finished 14aas to y higher. and
oats, with a gain Of hah to Aa&. Latest
Cling from ~ decline to rise Of %.
Estimates indicating that the winter
wheat acreage Of the United States
amounted to Z per cent less than the
total of year ago furnished help to
the bulls Shippers took interest also in
statements that the Dakotas and Min
nesota had already marketed about an
entire normal crop and were In a posi-
ton now to hold back.
May wheat swung from S0x. to ,9Ok
With last sales 'ssax I'd 9paSSeAQstkrs, bsi.a
Evening star., 1912-11-24
Prevailing Rates Not High.

Prevailing rates for su.h loans are
not. however. abnormally high, judged by
the quotations. which have obtained be-
fore at this season OF the year, and there
Is no reason 10 believe that undue strin-
gency will develop here unless the for
eign markets should become very greatly
disturbed causing interest rates abroad 10
advance in a marked degree There is
no reason, however, to look for such a
development at this time. Retail trad,
continues excellent. Wage earners are
we'll employed at relatively high wages
and there is an actual dearth of labor in
some of the great manufacturing centers
OF the west so that IL Is even difficu I
for manufacturers to operate their plants
at capacity in order to fill the great vol
ume of orders on their books. The iron
and steel industry Is exceptionally active.
and some Of the great mills are booked
with sufficient orders to insure good bust
ness for six months to come. About S125-
0Oo.U0 disbursed in November interest
and dividend obligations. and with the
turn of the year fully $225,000.O00 more
viii be paid out for the half-yearly in
terest and dividend requirements-with
the public optimistic and looking for
ward to good times during l913''
What is of large importance in any
consideration of security market tenden-
cies and likelihood has to do with the po-
sition Of individuals. In Wall street at
ever. the fact that two determined fac
uons are discernible. The Standar9 Oil
crowd have whipped of sudden from
their bearishness-and up to election they
were violently hopeless-till now they are
become the oracular leaders OK ;pptir1is-
Evening star., 1912-11-24
NEW ORLEANS.

NEW ORLEANS, November 23.-Bulis
continued In control Of the cotton mar
ket this week. The net results were
gains of 76 to SO points on the trading
highest prices were II to 81 points over
last weeks close; at the lowest they were
Is to II over.
More or less manipulation by the bulls
was in evidence this week. Bearish fea-
lures that came up were practically ig-
nored. Good weather conditions. the huge
movement, the complaint of the lack OF
a fresh spot demand, the disposition to
increase the size of crop estimates. the
larger returns than expected, the census
Balkan situation all availed the short
side nothing. The bulls based their cam
paign entirely on good trade conditions
and evidenced willingness to buy. Mill
takings for the week were $4,000 bales,
against 345.OO0 this week last year. The
census returns showing 10.291. .431 bales
of cotton ginned up to November IA, were
called bearish, but they did not affect
prices unfavorably.
In the spot market prices advanced
11A last week. Sales Of spot amounted
to 626O bales, against 3.77O last week
and 27SS this week last year.
Cotton futures opened steady at an
advance of 5 to 10 points, in sympathy
with the advance in the New York mar
ket Gables were no better than due. and
the weather map was extremely favor
able, with forecast for continued fair
weather Sunday. The market closed firm
at a net advance of 10 to IL points.
Right after the opening nervous shorts
bought covers freely. Toward the mid
die Of the morning fresh long buying en-
tered the market. Some gossip was to
the effect that leading bull interests were
buying back cotton they sold yesterday.
Late in the morning buying continued
and the market developed decided
strength.
Spot cotton firm. u up. Middling. 12h;
sales on spot, 1.13O bales. To arrive.
$50 bales
Closing futures = November, 1885: De-
cember. 1857: January. 1883; March,
12 90: May, 1919: July, 1883.
Evening star., 1912-11-24
C0TTONSEED OIL.

NEW YORK, November 23-Cottonseed
oil was quiet. but after showing steady
feeling at the start, owing to the firmness
late positions eased OF a little under
profit taking. closing one point higher to
four lower. Prime crude, 514ah2O; prime
summer yellow spot. 6.19a6.35; November,
go; December, 819; January. 8.23: Feb
ruary, 6.25: March, 632: April. 634: May
$40. Prime winter yellow, 630a7 90:
prime summer white, 63Oa8.75.
Evening star., 1912-11-24
CONDITION OF TREASURY

The condition of the United State
Treasury at the beginning of busine3
yesterday was: Working balance, $92, ISt
2S7; in banks and Philippine treasury
S32, ,O19, ,101: total of general fund, $lfS
Coz. .93S; disbursements, s.. 125, 1856
The deficit this fiscal year Is 50. 1o3. ~
as against a deficit Of s24, ,303 lag
year. y
The figures for receipts, disbursemeTe
and deficit exclude Panama canal at'
public debt transactions. u
Evening star., 1912-11-24
FUNDS ARE SCARCE
General Business Takes
Money From Wall Street.
DEMAND Is VERY HEAVY
Boom Throughout Country Takes
Every Spare Dollar From Bankers.
STOCK MARKET DEADLOCKED
Substantial Reaction From High
Prices Reached Six Weeks Ago
Sets In.
DEMAND Is VERY HEAVY
STOCK MARKET DEADLOCKED
BY w. q. NICHOLAS.

NEW YORK. November o3.-We are a
tremendously rich country and general
business is booming as never before
That is why Wall street is poor, and
also the main reason why the stock mar
ket is not booming. Legitimate business
demands and takes every spare dollar
there is. leaving nothing for Wall street
to expand on. Spectators and stock
gamblers have to wait. The banks would
like to accommodate 1.-The street." but
until the demand for legitimate purposes
relaxes somewhat the stock market will
have to wait. That appears to be the
conclusion which has forced Itself upon
traders and the long list of commission
houses and brokers. They are complain
ing bitterly that there isn't enough do
ing on the stock exchange to pay Office
expenses That is a dreadful condition
for Wall street to be in, 1t forces a cur
tailment of the expenses of high living,
unless the automobile people, the trades
men, landlords and hotel proprietors ex-
tend credit Indefinitely. These are GER
tainly hard times for the high-fying
shoestringer who has to make show in
the millionaire class.
The stock market for several weeks has
been in a deadIocked condition. There
has been substantial reaction from the
high prices reached six weeks ago or
such a matter, and on the decline there
has been going on a large but very
Iquiet absorption of securities by people
who think they know when to buy, but
who never know when to let go when
prices go against them only a few points.
A smashing break in quotations would
probably compel big liquidation, but no
pressure or bad news or diScouragement
seems able to bring about any material
collapseeand there the market holds. 1t
lis a very unsatisfactory state for those
who make a living by sweeping f1uctua-
tions such as induce general public par
ticipation. With call money command
ing 51a to per cent in any amount the
bankers will loan, inducements to specu-
late are not of a nature to appeal to the
experienced small and middle class trader
who knows what it is to pay carrying
charges on non-dividend paying shares,
or on stocks that earn only partly
enough to pay these charges. Hence the
policy of waiting until the demands OF
legitimate business relax somewhat so
that the spectators may have another
chance. The tonnage being carried by
railroads at the present writing is the
largest in history and it shows small
signs of letting up. The pressure OF
railroad traffic is fair index to the
general business conditions of the whole
country. To the casual observer high
pressure in manufacturing, transportation
and the merchandising industry is splen-
did testimony of the wonderfully pros
porous condition of the country at large
further for an explanation of stock mar
ket stagnation. Tight money is likely
to be the keynote of market dullness for
some weeks TO come. - .
Evening star., 1912-11-24
HITS MARKET HERE
Conditions on Foreign Ex-
changes Reflected in America
BROKERS ENJOY FOOT BALL
Absence of Large Number of Traders
at Yesterdays Session.
PRESSURE FELT AT CLOSING
Prices Fail to Lowest of Day in
Final Hour-Coppers Heavy
Throughout.
BROKERS ENJOY FOOT BALL
PRESSURE FELT AT CLOSING

NEW YORK, November 23.-European
sentiment largely governed operations on
the stock exchange today. Rumors of
mobilization Of troops by Austria and
Russia seemed to overshadow reports
that peace negotiations between Turkey
and the Balkan allies were being re-
sumed. and the uneasiness which was
reflected in the course of foreign markets
had its effect here.
The. market responded the more readily
to this influence on account Of the con-
tinued lack of developments at home on
which to base speculations. Operations
were held in check, moreover by the
fact that at the opening of next week
will be announced the award in the arbi-
tration of the eastern locomotive engi-
'neers' demands. Such Importance has
been attached to the decision in this case
that operators are disposed to act eau
tiously pending announcement Of the
award.
Traders See Foot Ball Game.
Absence Of large number Of traders
who had gone to New Haven to attend
the foot ball game was another factor
which decreased speculative activity, and
the action of the market gave evidence
of the circumscribed character Of the pro-
fessional dealings.
Responding to the lower level of Amer
leans in London, prices eased off at the
opening, although only a few issues de-
clined as much as point Stocks with
International markets were the most
prominent in the early trading. Before
the end of the first hour the list recov-
cred, but toward the close pressure was
rav,n -n6 nd fol fn hn -ncf
The coppers were heavy throughout, and
in the late selling Union Pacific and
Reading lost a point.
Showing of Bank Statement.
The bank statement showed, in the
actual table, a cash loss of 81, 700, 600,
which was somewhat larger than had
been indicated by known movements Of
currency.
The bond market was irregular, with
an easier trend Total sales, par value,
$6UO,OOO.
United States 2s declined 1s on call
on the week.
Evening star., 1912-11-24
KANSAS CITY CATTLE.

KANSAS CITY. November 23-Cattle-
Receipts. 900 head. including 300 head
south4rns: market unchanged.
Hoo Receipts, $500 head; market 5
to 10 lower: bulk of sales. 7.5Oa7 IS !;
heavy. T.65a7.7O; packers and butchers,
5I5A7 iQ3 flight Z, AQa7, COS SpiSA, &25a1p0s |
Evening star., 1912-11-24
Banks Stood Resolute.

What conspicuously looms in this
money market situation is the devoted
way in which the banks of this country
have resolutely stood in the interest of
straightforward business-there has been
at no time anywhere aught else than en-
ergetic effort upon the part of ouf banks
10 withstand and Offset the sudden and
savage augmentation of European de-
mand-and customers here have been
cared for SO CONSIDERABLY as to make
this in every way an exceptional epoch.
In recent times important banks have
grown closer and closer in their intimacy,
not only with their customers individual
ly. but have developed plans and process
es for the general beiterment of every
interest with which they are allied. Take
for example what representative OF the
ultra conservative banks of New York
does in the way of providing guidance
through providing information and advice
TO customers-the detailed review of the
business and financial outlook issued peri
odically by the Fourth National Bank of
this city. In that banks current review
il is said
As soon as bountiful harvests were
assured the momentum toward improved
trade conditions gained headway and
prosperity found indication in the expan-
sion OF bank clearings. summary of
the important factors governing the pres
ent outlook includes increased monthly
earnings by the railroads. weekly gains
in bank clearings in many of the large
cities averaging 30 or 80 per cent enor-
nous purchases of equipment by the rail-
roads. as indicated by October orders
for nearly 10000 cars and 575OO tons
OF rails; the record-breaking eastbound
shipments of grain from Chicago, and
the unprecedented movement of grain TO
primary points. the heaviest demand upon
railroad facilities witnessed in five years
and the largest business on the books OF
the steel-making companies seen since
1897. With the country doing such an
active business II is natural for the bor-
rowing demand TO broaden and for both
call and time loan rates to advance mod
erately.
Evening star., 1912-11-24
WEEKS RANGE OF PRICES
Corrected to the Close of Business November % at
the New York Stock Exchange.


to
Evening star., 1912-11-24
LONDON WOOL SALES.

LONDON, November 23.-The fifth i
ries of the wool auction sales will 1
opened next Tuesday and the closing /,
scheduled for December .. During ii
first week 81 800 bales will be offered. ]
Evening star., 1912-11-24
New York Mining Stocks.
NEW YORK METAL MARKET.

NEW YORK. November 23.-The metal
markets were dull and practically nomi-
nal Lake and electrolytic copper, l7.02h
a17.S7h: casting, 17.a5Afno1hps.ss 81. 81 !
Evening star., 1912-11-24

TO s2.14. closed NAN over: st night. at
Longs sold provisions early. but later
the war news ,deli1inated, the market.
Nearby delivery. Of pork made sths chief
Evening star., 1912-11-24

snap to the buying of corn. Fine
weather seemed to make little im-
preston. May fluctuated between 47M
and 4S. closing Arm, n net higher. at 4s.
casa gFede4 were eaAy 40. b yeuoH ". Ms
Inet. anoted. ..,as.a s2s x.c,t:l.pys, SID.
Evening star., 1912-11-24
LONDON STOCK MARKET
Engagement of Gold for Amer
ica Creates Temporary
Uneasiness in Street.

LONDON, November 2S.-The engage
ment Of gold Thursday for shipment to
New York created temporary uneasiness
in Lombard street until it was recognized
that the purchase was a special trans
action and did not foreshadow a large
demand. The rise in exchange rates
since then has dispersed earlier fears.
and although there may be demand for
part Of the gold arriving Monday. which
is estimated at s5.OOO.GOO. the belief is
will not be heavy and that London will
see the end Of the year without higher
bank rate.
The Balkan situation continues the
chief influence on the stock market, which
after a generally steady week closed ir-
regular and uncertain. The relaxation
of the Austro-Servian tension in the mid
die of the week and the negotiations for
an armiStice created a better feeling both
here and on the continent and induced
more confident buying, which carried last
weeks rise still further.
Home Rails Move Upward.
Home rails were prominent in the up
ward movement. but the resumption of
hostilities, together with revived uneasi-
ness due to the mobilizing Of the armies
Of Austria and Russia, caused general
selling for profits and most Of the earlier
improvement disappeared.
American securities started steady at q
higher range of prices, but the interest
gradually slackened in sympathy with
the uncertain course of Wall street and
final quotations we're again fractionally
lower on the week
PARIS.
PARIS, November 23.-The bourse
closed steady after an easy opening to-
day.
BERLIN. !
BERLIN, November 23.-Poiitical rumors
caused weaker prices on the bOurse to-
day.
Evening star., 1912-11-24
PARTNER WANTEDi

With few thousand dollars TO omen Offices ~,
conduct an investment, banking business Al
ganize and reorganixe small and large corpol
lions OF merit and dispose of their ses.uritl,k
This praposition will appeal the man look IA.
Tor a high-class and very profitable businaa
Address BOX $685. Star Office Y
Evening star., 1912-11-24

BROKER OR SALESN NE
cessful corporation paying I2@s yearly "a,
operative installment home-building plan meat
ing with tremendous success. We own Gail
1ornia realty worth S275.OD Send for bookIsS
Big commissions. Write now. CITY Bulders
Investment Co.. Title Insurance bldg. Los Al
Evening star., 1912-11-24
MONEyRATESA ANNOY
Financial Conditions Only Ele-
ment Against Buoyancy.
FOREIGN BANKERS HARD HIT
Owe Heavily in America and on
Verge of Hysteria.
CARE FOR CUSTOMERS HERE
Banks of This Country Resolutely
Stand for straightforward
Business Methods.
CARE FOR CUSTOMERS HERE
BY 81. ALLOWAY.

NEW YORK, November 23.-Money con-
ditions are the only assertive element
ranged against security market buoyancy.
Severe declines are nowhere registered;
the handicap for general business Is not
yet actually operative; but there is In
the air feeling of certainty that stiff
fer rates and restrictive conditions are
at hand in the stock market. Bankers of
consequence do not talk to this effect
specifically, urgently; but between the
lines of all that is said in higher bank
ing circles there may be discerned the
feeling. the Indication, that raised inter-
est rates, lessened loan accommodations,
are probable.
Harvesting the country's phenomenal
crops has reauisitioned financial accom-
mediation beyond any recent record; and
transportation charges reach such tre-
mendous heights that cash advances from
the east to the west have demanded
funds in stupenduous volume. All this,
however would have been readily accom-
modated and without the pressure of any
depressing influence in eastern banking
circles had there not of sudden inter-
vened the enormity of the Turkish war.
Prior to the integrity outbreak of the Bal
kan allies there was no Speck in the imam
cial sky that any of the professional
astrologers felt worthy of even scant con-
Sideration OF a sudden all that was
changed at every European money lend
ing center-for victories piled on victories
against the glutton ottoman borrower had
quick and terrific effect upon the money
nerve everywhere. Europe owed America
heaps of money. America for Its own
crop accommodation prepared to draw
Evening star., 1912-11-24

BERLIN, November 23.-Poiitical rumors
caused weaker prices on the bourse to-
day.
Evening star., 1912-11-24
Europe Owes Heavily Here.

AT Paris, at Berlin, at Vienna and
Frankfort. quite as aggressively as at
London. every International banker plung-
ing himself into anti-American hysteria.
If this country were to insist upon the
return of what was owed abroad there
could be nothing short of panic at every
foreign capital. Therefore every govern
mental bank fastened to lift its discount
rates and interest charges. America
could afford to be patient, even careless
ii may be: for the first time in all his
tory there was finally established one
single creditor nation for all the world
and this one America.
AS result our bank managers can
reap larger interest returns-are able TO
accommodate International correspon-
dents-are lifted to higher power; but CO.
incidentally some penalty is paid here
for instead of ease in our own money
market we have relative stringency. And
in this-however large and powerfully it
tion-our own country pays temporarily.
We do not yet f>>ye tight money in the
sense that ordinarily is told by that
phrase; but here is a tightness which is
quite as real in being prospective as II 1t
were already operative. The American
security market. indeed, is held back by
no other reason (or at least by no other
commeasura BILE reason) than that our
money market Is balking-not because of
home conditions-simply and only because
we are accommodating European exigen-
cies.
Evening star., 1912-11-24
Money to Loan

Secured by First Deed of Trust ON Real Estat4
Prevailing interest and commission
Joseph |. Weller, 6o2 F St. NV
Evening star., 1912-11-24
Home Rails Move Upward.
PARIS.
BERLIN.

PARIS, November 23.-The bourse
closed steady after an easy opening to-
Evening star., 1912-11-24
Closing Stock List.

NEW YORK, November 2S.
Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1912-06-08

twenty story buildings want telephone
rates reduced.
Clayton e. Crafts. the well.known
attorney, has at all times big army
of friends and admirers in Chicago
who wish him we'll In everything he
undertakes.
Does the telephone company or the
aldermen run Chicago?
~
William L. O'Connell Ii making one
Of the best County Treasures Cook
County has ever had. He is an able,
conscientious and energetic public
ofYlcial.
This IL a good year to infuse new
blood into the Municipal Court.
Judge Charles A. Williams 10 max.
Ing . hne record on the Municipal
Court bench. It 10 able and conscien.
tious men like Williams that the peo.
pie need on the bench.
~
John A. Polka, the we'll known real
esate man and West Side Republican,
would make a splendid City Clerk.
The nomination Of former United
States Senator Albert J. Hopkins for
Vice President Ia being talked Of by
many prominent Republicans.
Walter e. Schmidt has made fine
record as County Assessor and is de.
serving Of q reelection.
Ross G. Hall is a Democratic leader
who enjoys at all times the confidence
and highest esteem Of the rank and
file Of the party.
~6
Judge John e. Owens popularity In
Chicago reaches every part Of the city.
The Republicans couldn't name
better man for City Treasurer next
spring than william Kolacek.
The Democratic voters made good
choice when they nominated Spencer
Ward for Chief Justice Of the Mu.
nicipal Court. lie is qualified in every
Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1912-06-08

behind him, the wish Of every one Of
his big army Of admirers is that
enough Democratic legislators will be
elected to place him where he belongs.
~GA
The easiest and quickest cleaning
preparation in the market today Is the
Pride Of the Bar. For polishing cop.
per, brass, zinc, nickel, bar fixtures
and general household articles 1t has
no equal. ]. c. Paul & Co., are the
sole manufacturers Of this great
cleanser.
The telephone company may have
silenced some Of the kicks about tick.
tick phones, but the people are not
satisfied and demand lower rates.
~9A
John A. Mahoney is q winner for
Municipal Judge.
Hugh J. Kearns has made splendid
record as an attorney and he would
serve the people well as Municipal
Judge.
Judge Thomas F.. Scully Is daily
adding to his big army of friends by
his fine record on the Municipal Court
bench.
The big department store Of W.
Kolacek and company, 2030.2042 Mil.
waukee avenue, has no peer Of It's kind
In Chicago. It Is essentially store for
everybody. Highest qualities and low.
est prices.
No bsetse piass II Ohiea0e for PIC.
nics. festivals and parties Of ali kinds
than g. James Kolsss beautiful Elec.
tic PARK. at the corner Of Irving Part
boulsvard and Northwest 6lth street.
People looking for q beautiful homo
in . pretty. healthful and convenient
location should pay Q visit to beauti.
full Albany Park, the largest subdi.
vision ever laid out at any one tlne
In Chicago. II 10 located right at -
terminal station Of the Ravenswood
branch Of the Northwestern Elevated
Railroad. with tho Kedsie and Law.
renee stations on the property. Fur.
ther Information can be had at tho Of.
nee Of M. J, Faherty. real estate and
han avenues or NJ Ksdsie and Nast.
wood avenues.
~
Ra1espA oelsaee. Sae NsetA clask
Pliesa. Ho(bsuuhsrs. Nuaoehea. nusr.
es,iSaSss Drouhsua n CSae.se e.
a. n -. tn sna>aap.s.t "a -.
Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1912-06-08
way for the position and deserves to

way for the position and deserves to
be elected.
More men like Joseph c. Blaha are
needed in the Legislature. His clean,
able and energetic record reflects
credit upon the voters Of the Nine.
teenth District.
II there IL one man who IL fitted to
represent Illinois in the United States
Senate that man IL Col. James Hamil.
ton Lewis. With q united Democracy