davidaulloa/AmericanStories huggingface dataset:
Evening star., 1912-07-21
NEW YORK BANKS.

NEW YORK, July 2O.-The statement
of the actual condition of clearing
the banks hold s1s,165.sOO reserve in
excess of legal requirements. This Is
an increase of $s.459,250 in the proper
tionate cash reserve, as compared with
last week.
The statement follows, daily average:
Loans, $2.03s.s65.000; decrease. $751;
42s, 200.
Specie. ss5s.1so.oOo; increase, s7.1s7.-
600
LIE Legal sao tenders. sss.is4,ooo; increase.
Net deposits. s1.soa,157,o 900; decrease,
Circulation. ,45.s42,ooe; decrease.
Banks cash reserve in vault. $751;
$4,000.
Trust companies cash reserve in vault,
$74.4s2.o0o.
Aggregate cash reserve, $442,324,00o.
Excess lawful reserve, $15.659,15O; in
crease, $13.0S4.500.
Trust companies reserve, with clear
ing house members carrying rs per
cent cash reserve, $67.339.000.
Actual condition: Loans, $2,OS5, 93S, 600;
decrease, SIS. 14.OOO.
Specie. 1857 .O99. 600: increase, $1,000, 600.
Legal tenders. sss.57e.ooo; decrease,
Net deposits. si.soo 900: decrease,
Circulation. s4s.oss,ooo; decrease,
S33, ,0OO
Banks cash reserve in vault. $367.-
10000.
Trust companies cash reserve in vault,
Aggregate cash reserve, $445. .675O0O.
Excess lawful reserve, $19. 165 800; in
crease. SIS, ass, $50.
Trust companies reserve with clearing
house members carrying 25 per cent cash
reserve. $40. 500 OOO.
Summary of state banks and trust
companies in Greater New York not re-
porting TO the New York clearing house:
Loans. $612. OBJ. 700; decrease, 81 .944 TOO.
Specie. $6I $40 800; increase, s136 500
Legal tenders, ss,3s3 600; decrease.
Sl44. 100
Total deposits. SOL, ,s9s.sOo; decrease,
S4,0l3,G)0
The Financier will say:
The flow of cash toward New York,
which has been rather heavy during the
past week. has placed the New York
banks in a much stronger position the
increase in their reserve, according to
the report made Saturday, having been
sS.4Ja2Jo. which makes the surplus above
the 25 per cent requirement $19 1855, 500
The banks seem 10 be pursuing a policy
or conservatism. as indicated by a fur
ther reduction of $15. 5.1HWO in loans The
tchanges above are based on the report OF
actual condition. The statement figured
on the basis Of average daily returns was
even more striking than the actual con-
dftlon report, loans having shown a de-
crease Of nearly $2S. 100000. while cash
increased $500, co. Loans were contract
ed. $l4, 600. The result was an ex.
pansion Of S13.OS4. 500 in reserve the sur
plus on the average calculation standing
at 1853, 100. The successful effort which
the New York banks have made in
strengthening their cash position is very
timely In view of the coming crop re-
qufrements. not only from the United
states. but western Canada as we'll I'm
mistakable indications exist that money
ought shortly to move to a higher level"
Evening star., 1912-07-21
COFFEE FUTURES.

NEW YORK. July D.-Cofee fu,ures
opened barely steady at a decline Of : 10
10 points under scattering local liauida-
ton and in sympathy with rather easier
French cables There seemed to be very
Few buyers around the ring at the start
but demand was stimulated later in ,he
morning by rumors of frost in Sac Paulo
and the market advanced sharply. with
the close steady at net advance OF 4 to
8 points Sales, $500 bags. July. 1900:
August, 1907 September 1913: October
Ii. 20: November 1927: December 1874 !:
January, 1898: February. 1894; March.
l3.4 ~: April. 13.46: May and June 13 As.
Havre, Y lower: Hamburg UNCHANGED :
Rio unchanged: Santos quiet; As 80 lower
At $3.50; Is unchanged. Brazilian port
receipts. $4,000. against 51OOO last year.
Jundihy receipts. 1900. against ~ 400.
Spot cofYee-Quiet: Rio Is. 14A Santos
Is, 16. Mild coffee quiet: Cordova, I6a
lS1. nominal.
Evening star., 1912-07-21
NEW YORK CATTLE.

NEW YORK. July 20.-Beeves-Receipts.
III head No trading: feeling unchanged.
tive sides. Texas. beef. to 10.
Calves-Receipts. 1913 head. Feeling
hrm: common to prime veals, 100 10
.N62ls per 100 lbs; culls. 600 to ESQ.
CITY dressed veais steady at Is to 151z;
country dressed do, 10 to 1914.
Sheep and lambs-Receipts. 77Oo Sheen
steady: prime lambs firm. others steady.
All sold. Sheep, 800 to 425: lambs ! 5n
TO S25: culls, 40
Hog+Receipts. 1.659: only few head
on sale. Feeling steady
Evening star., 1912-07-21
KANSAS CITY CATTLE.

KANSAS CITY. July 2O.-Cattle-Re-
ceipts. 800 head, including 400 southerns
market steady: dressed beef and export
steers, 5.75aS5O: stockers and feeders,
4. 2oa7OO; southern steers, 4.25a7. 90: south
ern cows, 3.25a5.35: native cows, 3.25a
$50: native heifers, 4.J0a&75: bulls, g. "a
a5.25: calves. 4.jOaS5.
Hogs-Receipts, 5000 head; market SC
higher; bulk of sales. 7.35a7.6 90: heavy,
7.sOa7.45; packers and butchers, 7.35a
7.GO; lights, 7.4Oa7 .6o; pigs. 5.5Oa675
Sheep-Receipts none; market steady:
lambs, 5.50a7.OO; yearlings, 4.5Oa5.OO:
wethers. 4.O0a4.75; ewes. 3.J0aA25; stock
erS and feeders, 2.5Oa3.5O.
Evening star., 1912-07-21
CHICAGO CATTLE.

CHICAGO, July 2O.-Close: Cattle-Re-
ceipts, 200 head: market dull and un-
changed; beeves, 55Oa9 45; Texas steers
+.Na1-O: western steers, 5.SCa7. so;
stockers and feeders, 3S5a6.5O: cows and
heifers. 2.6Oa15O; calves, 55OaS.5O.
Hogs-Receipts. 5000 head. marke,
active and generally &c higher; light
7.+0a7.9O; mixed, 7.35a7 80; heavy. 715a
I.tO; rough, 7.15a7.335; pigs. 5.9Oa7. 55 bulk
OF sales. 755a7 So
Sheep-Receipts, 1000 head: marke,
steady; native. 3.2Oa5.25:> western, 3.4Oa
80: yearlings. 4.15a6.65; lambs, native
4.23aI. 10; western, i2oa1 40.
Evening star., 1912-07-21
FRUIT MARKET.

NEW YORK, July 20.-ENaporated ap-
Piles steady: fancy. 9Aa1OA: choice, Sa9:
prime. 7Aa7A.
Prunes-Steady; CALIFORNIA;, 3Aa91x up
to 3O-4Os: Oregons. 6i5a9k.
Apricots-FYrm: choice, 11ha12; extra
choice. l2al21s; fancy. 13a14.
Peaches-Quiet: choice, 611a62x; extra
choice. 7a7h: fancy. T1aa9.
Raisins-Barely steady; loose Musca-
tells. 5a6a.: choice to fancy seeded. 6a.a
7a seedless, 5ha61s; London layers, 1.4Oa
.46.
Evening star., 1912-07-21
LONDON WOOL SALES.

LONDON, July 2O.-The offerings at tho
wool auction sales today were principally
cross-breds and amounted to 9..53 bales.
All grades were quickly sold AT firm
rates to the home trade and America.
The few merinos offered We're taken for
France. American purchases to date are
estimated at 600 bales. Next week
So, 200 bales will be offered. Today's sales
follow: New South Wales. 700 bales;
secured. Is 3dals Sd; greasy. 6lada11sd.
Queensland, 200 bales; secured. Is 2da1s
1Od Victoria, 700 bales: greasy. 7dals
211d. West Australia 100 bales: greasy.
s11da1slxd. New Zealand, $500 bales:
secured Is 3dals 9Isd greasy, 612da1s I'd.
Evening star., 1912-07-21

brought to a realization that speculation
Is help instead Of q harm to them,
and that their crops were carried by
speculative capital through the period
from harvest to delivery to the ultimate
consumer and that withdrawal Of such
speculative capital would subject the
market price to painful Irregularities
that it would place the producer at the
mercy of circumstances. The same argu-
ment applies to cotton, and for that mat
ter to every commodity or property sold
for future delivery. 1t is an old SUBJ
times
Evening star., 1912-07-21
CONDITION OF TREASURY.

At the beginning of business yesterday
the condition OF the United States Treas
ury was: Working balance in Treasury
offices, $0S, ,1O4 776; in banks and Philip
pine treasury, x36.272, ,88S: the total OF
the general fund was S159. 4s0 S35; receipts
yesterday were $2303, 772: disbursements
were 81 .027 ,961: the deficit to date this
fiscal year is 81. 339 $40. as against a def
icit of SIS, eos 947 at this time last year.
The figures exclude Panama canal and
public debt transactions.
Evening star., 1912-07-21
COTTONSEED OIL.

NEW YORK. July 20.-After opening q
little steadier with lard products. cotton
seed oil eased of under profit taking and
closed generally points net higher to 3
lower. July. 645a6.40: August. 6.56a8 5S;
September. 667a6.68: October. 6.6Sa6. 20:
November, 634a6.37. Prime crude. nom-
insl: do. summer yellow. 6.20a6.6O; do.
wintsr yellow. 6.50a7.7S; do. summer
white, 65Oa7.75.
Evening star., 1912-07-21
DRY GOODS MARKET.
BOSTON. July 20.

NEW YORK, July W.-The cotton goods
markets rule firm. with the demand mod.
crate. Staple dress goods are to be open
ed for spring Monday at advances rang.
Ing from IL to 10 per cent. Cotton yarns
are irmer, with trade light
Evening star., 1912-07-21
new YORK METAL MARKETS

NEW YORK, July 2O.-The metal mar
kets were generally dull and nominal.
Lake copper. 17Aa17h: electrolytic. 17ha
1Tk: casting, 181sa17. Iron steady: No.
! foundry. 16.0Oa16.50: No. northern.
1b.50a16O0; southern grades unchanged.
Evening star., 1912-07-21
The World of Finance and Trade.
Washington; New York; London
LONDON STOCK MARKET
With Few Exceptions Prices
Show Substantial Shrink
age for the Week.

LONDON, July 2O.-The stock market
still suffers from a combination of weak
ening influences, and with but few ex-
ceptions prices show a further substantial
shrinkage for the week. The slump or IL
points in consols to the lowest point
reached in eighty-six years overshadoWed
everything and impaired gloom and
sagging tendency to the other gilt-edged
shares. The chief reasons for the decline
in the premier British security appear
to be the liquidation of estates, cash sell
ing to exchange into securities yielding
q higher rate of interest, the large
amount of new issues, a number of which
are coming out daily, and disappointment
over the government not taking steps
to check the decline in British credit.
News Of the bombardment of the Dar-
danelles, with Its possible complications
put the finishing touch to the depression,
and although consols closed a fraction
above the lowest, they were one and q
quarter points lower than a week ago.
Home rails spurted on the good dividend
declared by the Metropolitan District rail-
way, but they eased off when the lower
Great Eastern railway distribution was
announced
Evening star., 1912-07-21
COTTON FUTURES.

NEW YORK. July 20.-Cotton-Spot
closed quiet; middiing uplands. 12 so: do,
gulf, 1906. No sales.
Cotton futures closed steady.
Evening star., 1912-07-21

BERLIN, July 2O.-Trading was more
active on the bourse today. American
securities closed firm
Evening star., 1912-07-21
WEEKS RANGE OF PRICES
Corrected to the Close of Business July 20 at the
New York Stock Exchange.

following prices
dua
last High
10
Evening star., 1912-07-21
Good Crop Prospects.

There were also the weekend state
ments of the mercantile agencies confirm
ing other statements reporting increasing
optimism in that trade on the exceptional
crop prospects.
Foreign markets seemed to have recov-
cred from the unsettlement caused by
latest developments in the Italo-Turksh
war, and consols hardened in London
where our stocks manifested some irregu-
larity.
Actual bank loans decreased over $15.-
OOO,O0O, with a cash gain of $500. .OOO
and a reserve increase of practically
$S,JOO.OuO, bringing the excess cash re-
serves up to $19.OOO0OO. compared with a
deficit two weeks ago.
United States government bonds were
unchanged on the week.
Evening star., 1912-07-21

BERLIN.

PARIS, July 20.-Prices were firm or
the bourse today.
Evening star., 1912-07-21
LOSES FIRM TONE
HeavineSs and DuIIneSS at
Weekend Session.
STEEL SHARES ARE WEAK
Other Leaders Also Show Consider.
able Dropping Tendency.
OPTIMISM IS ON INCREASE
Statements of Mercantile Agencies
Show Exceptional Crop
Prospects.
STEEL SHARES ARE WEAK
OPTIMISM IS ON INCREASE

NEW YORK. July 2O-Heaviness and
dullness attended today's two-hour ses-
sion on the stock exchange. The list
seemed to have lost some Of its recent
firm Lndertone several of the standard
issues rejecting degree of pressure.
Steel shares were inclined to sag, but
no more so than such other leaders as
Reading, Union Pacific and Amalgamated
Copper In fact. the dropping tendency
probably resulted as much from neglect
or Indifference by the professional ele-
ment as from any other cause. General
news was meager, but mostly favorable
One of the largest Of the steel corpora
tions subsidiaries issued notice of 81 per
ton advance next week In wire and allied
products. while makers of wrought iron
pipe were reported to have withdrawn
quotations on pending orders, preliminary
to a general rise in prices.
Evening star., 1912-07-21

II you want work read the want col
umns Of The Star.
Evening star., 1912-07-21
American Section Bright.

The American section provided the
bright spot of the week. Good crop news,
the improved New York bank statement
and Wall street support induced local
buying and prices closed at gains rang
ing from 1 to points.
The money market Is fairly supplied
with funds, but discount rates remain
firm, owing to the number of finance bills
being placed here, especially from New
York.
Evening star., 1912-07-21
Market Dull, But Steadier.

The stock market was dull but steadier.
Consols hardened on light buying. copper
shares were active and dearer, and Mexi-
can rails were supported. Turkish and
Japanese bonds closed a shade easier.
American securities opened steady and
about unchanged. Trading was light and
prices moved irregularly. Erie shares
were firm and higher on the announce
ment of the traffic arrangement with the
Baltimore and Ohio. The closing was
steady with prices ranging from " above
to n below Fridays New York closing.
Evening star., 1912-07-21
New York Bonds.

sales for the day. 81. 800 shares.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-02-13

the fact that the convention viii meet
in Philadelphia February 20.
senator Bowers moved that his bill
authorizing the county OF Culpeper to
hold an election on the question of
borrowing money for the Improvement
of roads in Catalpn magisterial dis
trict. In that county, nc taken out OF
It's order and passed. Tho const!tu-
u Al second and third readings were
dispensed with and the bill was
passed.
TO Investigate Institutions.
A joint resolution was reported from
the House and adopted providing for
the appointment OF q joint committee
composed OF two members and ono
Senator to investigate all institutions
now asking for appropriations to find
out II these institutions are economic
ally administered. and to report their
finds to the next General Assembly
The committee is to draw no pay Tor
its services other than sum sufficient
for It's expenses.
Another House resolution asked the
concurrence OF the Senate In the ap-
pointment OF joint committee Of
three. two from the HOUSE and one
from the Senate. to examine into the
administration OF the epilcptic colony
IN Amherst county. and report why
that institution costs one-third more
TO maintain than any OF the other
State hospitals. Senators Tavenner
and Gravatt. speaking 10 the rcsolu-
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-02-13

ment of all State institutions (not dc
Phrtmenta) by committee OF three
members. was reported from tho FL
nance committee. Tho Times D ispatch
yesterday stated that this woull be
done. The resolution was agreed TO.
Mr.. Sutphln offered resolution pro-
vldins for an Investigation OF tho az
fairs OF the Mount Vernon Ladies' Az
socintion-its entrance fees to the tomb
OF Wa shington. its surplus. Its officers
and employees and their salaries, and
what contracts It has with any electric
railroad or steamboat company.
Pdblic Wants Inquiry.
Speaking to his resolution, Mt. Sut.
phin set forth some OF the matters al
ready presented 10 the Committee on
Public Property. He was Informed, ne
said. that an admission fee OF IS cents
is charged. and that there Is some con-
necion with the company operating
the only boat which Is allowed to land
at Mount Vernon. A demand for an
investigation had como from ell over
the United States. Tho management
had said when It had $4,000 surplus 1t
would abandon tho fec but did not do
so.
Mr.. Oliver moved to rotor the resolu.
ton to the Committee on General Laws
Although Mount Vernon was In his
county, he had never heard OF such q
look into the affair before voting for
such resolution. It was referred to
the committee by vote OF i2 to "a
a resolution wns carried appropriat-
Ing s24b to pay the expenses OF the
Joint committee which notified Sena-
tors Martin and Swanson OF their cleo
ton.
Tho Speaker appointed Messrs. Mil
stead. Land, Richardson, Ut2 and Burt
committee TO make arrangements for
the reception of Governor Judson Har
mon, OF Ohio.
Prohibition Once More.
The calendar being reached, MIR Jor :
dan made his daily motion to take up
tho prohibition enabling act out of its
order He said he did SO In tho face
OF severe criticism. hut felt lie was
backed by many people.
Mr. oliver regretted to again resist r.
motion made on three successive Leg
islative dayt, when the premier COM
mittecs OF the House had reported the
bill adversely. Now, he said. the advo-
Gates of the measure propose 10 amend
the rules for the specific purpose OF
having the matter up.
The Speaker put tho motion to take
the bin up out OF Its order. and, iudg-
ing by the volume OF sound declared
1t lost. 1t evidently did not at that
moment occur to Mr.. Jordan that un-
less nc secured roll cali and n ma
jority for the third successive time tho
rule prepared to handle this one case
would not apply.
Treating BilI pnsscs.
The antitreating bill was first on
the calendar Captain John A Curtis
moved that the bill he dismissed He
did not TANK Mr.. F'itzhugh, the patron,
meant IL seriously Last summer on
4. hshing trip TO Cape Charles the
people OF that town locked to the
boat like black ducks TO get a drink
when they found That liquor Was
aboard. He hoped rho House would
not put the white men OF to-day on
the sar,e Level with free nigEcrs be-
tore the war"
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-02-13

the aggregate ossessm ents by tho com
mission when any county Is paying too
much or too little. This will eQual!za
assessments. while protaotlng every
community by giving 1t day In court,
should ii desire to contest any change
made by the commission.
70. 1t will prevent tho assessment
or cHaggerate taxes on real and per-
sonHl property in excess OF tho amount
now levied. SO that ali tho increases
In valuation must go to a reduction
OF tho tax rate
&c. Tho bill provides that the vel
uauon of the property OF public SER
vice corporations be eQualized with
that OF private citizens. and that no
Increase DO mado In tho taxes OF In
dlviduale or IN the assessment of their
property without liko increase in the
valuation or taxes of corporations.
After 1919 the railroads and like cor
poratons Will be assessed by a now
board, 20 consist OF the Tax Commits
sion, except the Mineral Assessor tho
Corporation Commission, tho Governor
and tho Auditor of Public Accounts,
'If this bin Is passed. It cannot fail
TO reduce the taxes OF every citizen
who is now paying more than his part
of the taxes 1t VIII bring the thirty
clgh. counties which are now an ex-
penSe TO tho State, to a fair valuation.
and 1t will equallze assessments
throughout the State. Ii Will open the
way to segregation. which Is a de-
srable goal of tax reform. SegreSa-
ton. as has been demonstrated, is now
an lmpossibil!ty without grave damage
to many localities. 1t VIII practically
bankrupt every o!ty In tho state. and
will involve a modification OF every
tax rate in the State, thus creating
condition OF utter financial chaos"
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-02-13

ton, stated that the administration
OF the epiIcptic colony was as EN-.
cicnt and economical as that OF the
other institutions. and that the ap-
parent higher cost OF upkcep per
capita was due TO the fact that j,
had fewer inmates at present. inn pro
portion TO It's fixed equipment, than
the institutions with which II was
compared They saw no need for an
Investigating committee and look ed
upon 1t as a needless expense. The
Senate voted to refer the resolution
to the Committee on Public Institu-
tons.
Washington Junket Cost s"f5.
joint resolution wa5 reported from
the House authorizing the issuing OF
warrants in favor of "A local bnnk.
amounting to $2i5. for advancing thu
expenses OF the joint committees APP
pointed TO inform Senators Swanson
and Martin OF their election. The cx.
pense Is equally divided between the
Iousc and the Senate. Upon motion
the resolution was unanimously adopt-
cd.
After advancing g. large number OF
Senate and House bills the Senate
adjourned at 2:l5.
House Bills E:ngronsed.
Tho following House bills were ad.
vanced from their second reading and
ordered enSrosscd.
To amend the Code OF Virginia in
relation to the approval OF title te
real estate for public uacs
To require the licensing and ade-
quate inspection and supervision Of
persons and corporations conducting
maternity hospitala and lying-in
asylums.
To extend the time for collecting
taxes accounted for by the city and
county treasurer. and not returned
delinquent.
rations with reference to the decrease
Of outstanding capital stock
TO protect fish in the waters of
Roanoke city. Roanoke and Mont
somery counties.
To amend the act prohibiting the
killing OF fish in Clinch River. in the
county OF Russell. with dynamite or
cirer explosives and poisons.
To give courts of equity jurisdic-
ton to remove clouds from title to
real cstate where the complainant
is not In possession, or where the
complainant has the equitable right to
the legal title.
To amend an act approved February
81, 1898. providing for a road law for
Spotsylvania county.
To amend the law providing for
tho opening and working of roads. apd
the erection and maintenance of
bridges in the county OF Culpeper.
To authorize the town of Eastville
Northampton county. to Issue bonds
and to borrow money for the purpose
~ paying the balance due TOR COM
plotting the work Of macadcmi5ing the
roads or streets through that town.
To amend tho charter OF the city
CT Roanoke.
To amend the act providing for the
issuing of county bonds for permanent
road or bridge Improvement in tho
T. aeistcrial districts of the counties
OF the State.
To authorize, the town of Cape
Charles. Northampton county, to Issue
bonds and borrow money thereon fot
the purpose OF erecting and operating
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-02-13
MAY AMEND RULES
. FOR JORDAN BILL
toontinued from arst pag..)

(Cont1nueG from hrst paEe.)
methods OF institutions receiving State
money. The Weaver resolution to
this effect was approved yesterday by
Doth houses. Its expenditures are
30 be limited to actual expenses.
The State Epiplcptic Colony. which
aas been the target FOR Al good deal
1f criticism got It's share again yes
.erday III the House. captain Wissler
:he Republican floor leader offered a
resolution to have a committee TO as.
certain why 1t Is that the per capita
cost o. inmates OF the colony Is
Greater IN that al the hospitals foi
the insuny. fl was adopted by the
AouAe which voted by one majority
not 10 send it to the Committee on
schools and Colleges hui III the Senate
IT was apparently buried in The Com
mIttec on Pubiic Institutions and Ed
Ic1ticu.
.sno,tct resolution Of inquiry, this
Zinc into lilo aHails of the Mount
.'egnon I,sdtos Association, to ascer-
tain It's connection If amy. with the
4trambout ana electric lines, was Of
erred in the llouse by Mir. Sutph!n,
out went 10 the Committee on Cen
ernl Laws
Tho House voted 10 Begin afternoon
sessions ueX, Monday, the chair to be
vacated at o'clock each day TO be
resumed AZ I.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-02-13
eLa~4F.

Fifth from which is was takon. It
is now proposed to take Tazewell.
Bland and Giles out OF tie Ninth and
put them In tho Sixth. In an inter-
View yesterday Senator Featherston
was quoted as saying thta this redis-
trictins plan would imperil Dome
cratic chances In the Sixth without
materially strengthening Democratic
chances in the Ninth. While Mr, Glass's
district Is to set tho three Southwest
counties, 1T Is to lose Halifax, and win
give tho Sixth shoostring territory.
one county wide. except whero Mont
gomory and Floyd como together, and