davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-03-09
Cash Showing by Banks.
PRODUCE MARKET.
CHICAGO.

CHICAGO, March s.-Wheat specu.
latorS gave evidence today of con-
siderable bearish feeling based on a
theory that very large farm reserves
would be shown in the official report
Que Monday. Closing prices were un-
settled, Aa. to y under last might
Corn finished HaN to y down. and
oats OF \ to AaS. In provisions the
outcome was to 20 decline.
Besides the idea. OF liberal supplies
back on the farms, the bulls had to
contend with big receipts at Minne-
apoiis ana Duluth, and with notice that
country points southwest were prepar-
ing to make increased shipments In
consequence Of the ideal outlook for
crops. Experts who have gone over
the best sections of Kansas since the
aisappearance of the snow reported
abundance of moisture in the soil. with
the plant well rooted and in no danger
OF high winds later
Absence Of foreign demand tondad
further to pull down wheat. The situa-
ton In this respect was made more EN-
phatlc by statements that much Of the
recent export business had been merely
the filling out Of old contracts.
Urinary arrivals OF wheat were
$4,000 bushels, against Al, 900 bushels
q year ago. Seaboard clearances of
wheat and corn eQualed $4,000 bushels.
There was no snap to the buying side
OF corn. Weather reports suggested
lighter feeding and better Conditions
Tor hauling. Purchasers also had mis-
g1yings IN regard to the government
report Talk OF enlarged acreage had
weakening effect on oats.
Chances Of an increased run OF hogs
next week cut some figure in lowering
the provision market. Most Of, the
selling, however, came from longs In
tent On realizing profits.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-03-09
NEW YORK BANKS.

NEW YORK, March s-The statement
Of the actual condition of clearing house
banks and trust companies for the week
shows that they hold $S.374, go reserve in
excess of legal requirements. This Is an
increase Of sos 900 from last week.
The statement follows:
Actual condition
Loans, 81 .955, 346, 600; decrease, $23. o10.-
Specie. sa2s 0os, 900: decrease. A.e62, 600
! Legal tenders. $s25o6.ooo: increase.
Net deposits. 1880. 2sscco: decrease,
Circulation. $4&ss2ooo: decrease. s11e.
600.
600
Trust companies cash reserve In vault.
Aggregate cash reserve, $4oS. GO. 600
( Excess lawful reserve, $3,374,2JO; in
crease. 1884 900.
Trust companies with clearing house
members carrying % per cent cash re-
serve. $50 go, 600.
Summary of state banks and trust COM
poniee In Greater New York. not inciud-
ed in clearing house statement:
Loans. SEp,314 500 increase, $o,is60o0'
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-03-09
NEW ORLEANS.

NEW ORLEANS. March S-Bears Wers
aggressive in the cotton market TODAY
and trading was featured by strong
growth Of sentiment in favor Of the short
side. Yet, in spite of this, prices at their
lowest were only 6 to points under
Yesterdays closing level. Bulls offered
the market no support ana the Duyns
came almost entirely from sellers OF tne
earlier part Of the week who were salts
fed with their profits and desired TO
cover over Sunday.
with July at 11.90 and May threatening
the 12-cent mark. buying for short &C,
count was SO heavy that the downward
movement was checked and reaction to
within a point or two OF yesterday
close brought about. Some selling was
based on a weakness In the STOCK mar
ket and some also on disappointing cables;
The market opened steady. uncnanseo
last prices Of yesterday. The close was
at a net loss Of to points.
The weather map showed rains only in
Texas, where complaint OF too little mois-
points in Louisiana and Mississippi tndi-
Gated that cotton farmers had begun
planting their corn and that much OF
their cotton land was ready for the seed.
Spot cotton-Quiet, unchanged; mid
ding. 12.: sales on the spot, 41s bales;
Closing futures: March, 12.17: April.
|12.O5: MAY, 1905; July. 1902: August.
11.S9; September, 1852; October, 11.41;
December, 11.42.
cotton market were brought about on the
closing session. The net result for the
week was a loss of to IA points At
their lowest prices were to IL points un-
prices were reached Tuesday. when
the market sold Is to 10 points over the
closing level Of last week. The range OF
prices was q to 81 points.
Weakness on the week-en session was
due to bearish sentiment in regard to the
new crop outlook. Reports from many
sections Of the belt indicated that farm
work was well ahead; cotton planting
made good progress In Texas ana COTTON
farmers in both Louisiana ana MISSISSIPPI
commenced to put corn into the ground
Claims of a great increase In the use OF
fertilizers and Of q material increase, In
acreage stimulated short selling in the fu-
ture market. Weather conditions, on the
whole. were favorable. although at the
end of the week a portion OF the belt
would have found rain OF advantage. ow-
ing to the drying out Of the top SOIL
The bears were also helped by light
demand for actual cotton and the sx-
os sma export
during the week amounting to only 81, 5S1
bales, against 3O5 986 bales this week last
year. Hester put mill takings at only
264, O00bales, against $4,000 this week
asst year. AT the same Tune tue puit Sue
pointed out that the visible supply showed
decrease for the week of l02.295 bales
against q decrease this week last year vO1
only 620O6 bales, and that the visible
supply had sunk to 4.083. eco bales
against 4,77e4 AT year ago.
in the spot department prices were un
changed the week through, middling clos
| ing at 121s, against 12k last week. and
| 10 9-18 this week last year. Sales on thu
srot amounted to LISA bales. against 53St
| last week and 1O.35O this week last year
Sales to arrive amounted to 2,O59 bales
against 5,393 last week and 1870 this
week last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-03-09
LONDON STOCK MARKET
Early Display Of Strength, But
Lower Prices Develop .
Before Closing.

LONDON. March a-The stock market
after an early display OF strength closed
today weak and heavy and generally low.
err Peace prospects and continued In
vestment purchases by large interests
strengthened the market at the begin
ming of the week and further splendid
trafac reports in the foreign rails Sec
ton and the successful placing of some
new issues eheered sentiment until the
announcement Of the proposed armament
and taxation increases on the continent
checked the upward tendency.
Preparations in Berlin for loan issues
created a monetary stringency in that
center and brought heavy selling pres
sure against consols and Canadian Pa
cific in this market. The weakness spread
to other sections. and although the amount
Of stock offered locally was small, the
tone became quite depressed at the end
of the week Fears Of increases in the
British army and navy estimates accent
uated the decline in consols. which fell
one per cent. Home rails continued un-
settled owing to labor troubles. but ship
ping shares were well supported at
higher level, which were comparatively
steady on Paris support.
american SSCuilIAcS uNoAANS0 40 so
middle Of the week on the rise In copper
metal and favorable trade advices, but
later sagged under Wall street and Be
lin selling and the gold exports to Eu-
rope. The closing tone was easy and
prices were from unchanged to five points
lower.
The money market, becoming uneasy
over the continental stringency, raised
discounts nearer the bank rate. The poor
weekly return of the Bank of England
and the temperance of Germany as a
buyer Of bar gold here. together with the
scarcity Of cash supplies through the
tax collections. again necessitated modi-
fcation Of views regarding an early re-
duction Of the bank rate.
PARIS, March 8.-Trading was quiet
and prices were steady on the bourse
today.
BERLIN, March 8.-The bourse was
ment in money conditions and reports
of gold purchases In New York.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-03-09
CONDITION OF TREASURY.

The condition Of the United States
Treasury at the beginning Of business
yesterday was:
and Philippine treasury. $43. 4O2.617. Total
in the general fund. $149,074. O7O. Re-
ceipts yesterday. $1.1S7, 216; disburse-
ments. $2,O612t1. The surplus this fisca!
year is Sc. S29.542. as against dencit OF
Sia l20. aG4 last year The figures for re-
ceipts, disbursements. ETC.. exclude Pam
anna canal and public debt transactions.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-03-09
COTTON MARKETS.
NEW YORK.

NEW YORK, March S.-The cotton
market was rather weak and unsettled
today and selling seemed to be more
general and aggressive than at any time
since the January break. Covering and
trade buying checked the declines, but
caused only slight rallies, and the close
was barely steady at q net decline OF 4
to z points. The market opened steady
ing. any apparent attention to somewhat
better cables than expected, favorable re-
views of the dry goods trade, and steady
overnight spot advances from the south.
Offerings became heavy right after the
call and the market soon turned weak.
Rather freer selling Of March created an
unfavorable impression as to the spot
situation, even though March maintained
its premium. and during the middle OF
the morning old crop positions showed q
relatively weak, as in bearish quarters
there seems to be q preference for sales
of that position. Owing to moderate
trade buying. the new crop sold only 9
points under the closing figures OF yes
terday and below 11.S0 for May. a pretty
active demand developed. This seemed
to be mostly in the way of covering, but
as prices steadied from the lowest there
was also considerable trade buyink, with
last prices showing a recovery or some 9
around the ring did not suggest any fresh
feature in the news to account for the
increased aggressiveness OF sellers, but
bears were said to he basing their opera
lions on q favorable view OF the new
crop outlook. unsettled financial condi-
tons abroad, the continued slack spot
demand and the absence OF any Inn
portant bull speculation. The failure OF
a Savannah spot firm. rumors regarding
which had reached the trade earlier IN
the week, was officially announced In
New York this morning, but was not a
factor in the trading. Private wires re-
porting q decline of V to 3-16 in spots at
Memphis no doubt contributed 70 the
decline. Foreign houses were moderate
buyers.
The cottonseed oil market was quiet.
but prices were steady on small offerings,
flrmness in hog products, and in the alb
sence Of pressure against crude closing
net unchanged to 2 points advance. Prime
crude, 5.27a5.33; prime summer. yellow.
spot. 6.3Sa8 As; March and April. 6.3S;
May, Gal; June, al: July, 6. 46: August
and September. 8.84; October. 6.32; prime
winter, yellow, 64Oa7OO; prime summer,
white. 6. 6Oa7 90. - 95ss
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-03-09
LONDON WOOL MARKET.

LONDON. March S.-There were II .194
bales offered at the wool auction sales to-
day. Demand was strong, especially from
the home trade. and prices were arm.
Best greasy merinos realized Is ID and
is Id Heavy crossbreds were occasional
ly irregular. Americans took few lots
Of Punta Arenas at per cent advance.
Next week so $50 bales will be offered.
Today's sales follow:
New South Wales. 2, 300 bales: secured.
Ia 1Ikda2s I'D; greasy, S4da1s Cd. Queens
land. 400 bales: secured, Is 1da2s gid
greasy, 1Odals. Victoria, 800 bales:
greasy, 9,1da1s 2tad. South Australia, 100
bales: greasy. 1Oda1s Id. West Australia,
40U bales; greasy. 05fda1s Sd. New ZeA-
lanr, 400 bales; secured, Is 7da1s lid;
greasy. T1hda1s Sd. Punta arenas, 8, 400
bales; greasy. 7Hda1s Nd
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-03-09
specie, $685. 7S8900; increase. 1855 100.
Oh Legal tenders, 81. 7e1, 100; decrease. ST..

Legal tenders. s7.7e1. TOO; decrease, ,17,-
Total deposits. ses2el4soo; decrease,
Prime mercantile paper, 81 to 5h Der
cent; sterling exchange firm with actual
business In bankers bills at 1896 for
s1xty-day bills and at 487 95 for demand.
Commercial bills. 4S2%; bar silver. 54N :
Mexican dollars, 4S: governments bonds,
steady; railroad bonds, weak
Money on call, nominal: no loans.
Time loans strong; 90 days and 90 DAYS
and months, per cent.
The Financier says:
The exact position Of the New York
clearing house banks at the close Of the
week ending March 8 could be determined
TO better advantage II definite knowledge
existed as to how much OF the $4,000 600
OF current gold imports counted In the
weekly return. The report Of the banks,
based on actual condition, shows that the
decrease in specie and legals during the
week was 81. 367, 600. The preliminary re-
turns Indicated q drift OF interior funds
to this center, SO that the loss OF gold
on export account probably figures to
some extent in the statement.
1.-The banks succeeded In offsettfng the
loss OF cash, so far as reserve require
|ments are concerned, by drastic
reduction Of $28,5a0.0 900 in l0anss which
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-03-09
NEW YORK CATTLE.

NEW YORK, March &-Beeves; re-
ceipts, 1,160 head; nomina1ly steady;
dressed beef, firm: native sides, 10ska1311z
Texas beef, 9a101a.
Calves-Steady: receipts. 313 head ::
veals, 9.O0a125I; culls, 6.00aS50: city
dressed veals, 15a1S: country dressed.
11ha16.
Sheep and lambs-Nominally firm: re-
ceipts, 1913 head: dressed mutton, Sally:
dressed lambs. 121za16.
Hogs-Steady: receipts. 2.5F head:
prime Pennsylvania hogs, $40.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-03-09
CHICAGO CATTLE MARKET.

CHICAGO, March S.-Cattle--steady;
receipts. 200 head: beeves. 7.25a9. 80;
Texas steers, 5.5Oa8 so; stockers and feed
ers. 6.25a8.25; cows and heifers. 3.6Oa
$40; calves, 7.00a11O0.
Hogs-Steady; receipts, $4,000 head;
light, 66Oa8 921k: one load OF fancy early
al 100: mixed, 8.5Oa885; heavy, 8.35a8.8O;
rough, 635a850 pigs, 8.65aS.70; bulk of
sales, S.66a6.0O
Sheep and lambs-Strong; receipts. 1000
head: native, 6.1Oa7.1O: yearlings, lisa
8 30: native lambs. SO0a0.1O.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-03-09
NEW YORK DRY GOODS.

NEW YORK. March 8.-Jobbers are do.
ing an active wash fabrics trade and
white goods are In better demand. Re
taiIers are asking for summer underwear
more urgently, and the hosiery demand
quest, but the mills are not quoting fol
late deliveries, owing to the labor trou.
h1eae -.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-03-09
PRESSURE IS NOTED
Heaviness Of Foreign Markets
Felt in New York.
HIGH MONEY Is FEARED
Failure Of Prussia's Loan Offering
Regarded as Indication.
LOSSES IN TOBACCO STOCKS
Rumors Regarding Attorney Gem
erals Action Against Big Corpora
lions Having an Effect.
HIGH MONEY IS FEARED
LOSSES IN TOBACCO STOCKS

NEW YORK, March S.-Securities were
under constant pressure during the two
hours Of trading today. The heaviness of
the principal foreign markets was re-
hected here in sharp declines among both
investment and speculative stocks. The
virtual failure Of the Prussian govern
ment's loan offering yesterday depressed
European markets. and, sentimentally,
was an influence here. Bankers held that
the tendency would be toward the MAIN
tenance OF high rates abroad, with the
prospect Of further calls upon this
center.
Hartman Interests in Limelight.
The unfavorable effect of this influence
upon the stock market was heightened
by other considerations. The recent indi-
cations that the drafting of new plan
for dissolution of the Hartman proper
ties might be necessary have given rise
to conjecture whether Union Pacific
would fare so well as under the plan first
adopted. That stock was under heavy
pressure and broke to 1905, its lowest
price since 1908.
There were more rumors In circulation
regarding the prospects for action by the
new Attorney General against large cor
porations. particularly tobacco and oil
companies. In spite Of the fact that
there appeared to be no foundation for
the rumors. the stocks continued their re-
cent rapid decline. Losses among the to-
bacco stocks ran from to Ii points.
Standard Oil of New Jersey broke %
points more.
Cash Showing by Banks.
The bank statement revealed the ex-
pected cash loss Of over $4,000 but
there was scaling down Of loans Of $685.
100000. and the slender margin of excess
reserves reported last week was slightly
increased
Bonds maintained their declining ten
Qency. Total sales, par value, N,376.OOO.
United States bonds unchanged on the
week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-03-09
NEW YORK.

NEW YORK, March s.-Flour-ouiet
Rye f1our-Quiet
Buckwheat fiour-Dull.
CornmealSteady.
Rye-Quiet
Barley-Quiet
Wheat-Spot steady: No.2 red, 1.0s.
elevator, and III fob, affoat. nominal :
No. I northern Duluth. s9%. fob. afloat
Futures easy under liquidation for over
the government report and on evidences
OF pressure Of spring wheat Offerings
from the northwest closing II net
lower May. 81 9-16a97A; closed, s7N;
July closed. 81; September closed, S..
Bonded wheat, May and July, 96K.
Corn-Spot steady; export. 57L, fob.
afioat.s
.Oats-Spot steady.
Hay---Steady.
Hope-Quiet.
Hides-Steady 5
Leather-Firm
Pork-Firm.
Beef-Steady.
Cut meats-Firm.
refined barely steady: compound steady.
Tallow-Quiet.
Cottonseed oil-Quiet; prime crude.
627a5.33: prime summer yellow, SPOT
s-ssaS.45; May. s.41; July. s-4s; septem-
Petroleum--steady.
Wool-Steady.
Rosin--Firm.
Turpentine-ouiet: machine. bbls.
43h.
Rice-Steady.
ENTHUSIASTICALLY.
Raw sugar-Steady: musceyado, So
test, 500: centrifugal. 96 test, 354;
molasses. 50 test. 2.7s; refined steady.
Potatoes and enthusiastically and
unchanged Freights and peanuts un.
changed.
Evaporated apples--ouiet
Prunes-Steady.
Apricots-Firm.
Peaches-Quiet.
Raisins-Dull and easy.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-03-09

ind
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-03-09
Greatest Market In the World.

Together. the stock exchange and its
allied banking connections compose the
greatest market in the world for stocks
ard bonds. BY reason Of this it IL the
natural center for capital accommodations
and fox the lcpIn0tioR and Carrying out
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-03-09

in turn brought about a shrinkage OF
So, $4,000 in deposits. thus decreasing
reserve requirements to an amount APP
proximately equal to the loss in cash.
AS a matter Of fact, excess reserve rose
$6S40OO. making the present surplus
above the 25 per cent minimum. 1884,
go A continued gold export movement
will, Of course. act directly on the New
York bank position and on money rates."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-03-09
Sentiment Reflected in Market.


There has undoubtedly been change
for the better in Wall street sentiment
since Mr. Wilson has taken hold and in
dicated in general way his plans Of ac-
ton.
He has the good will OF everybody. and
1t is the profound hope Of nine out OF ten
persons you speak to that he will make q
success of the White House job. His
belief that civilized people only need to
be shown the way to develop community
of interest theories into working form
have made quite a hit There Is seeming
ly nothing vicious" about the man, as
the gentleman from South Carolina
would say. The start-off Of the new adj
ministration has made very much bet
ter impression among business men ana
leaders of finance and enterprise than
had been expected. The feeling finds ex-
preston in the stock market and in the
offices Of people of consequence.
OF course, the impending tariff revision
will engross thought In the industrial
quarters from now. The announced pro-
gram to confine legislation to revision
alone is very comforting thought in the
business world To hold down the actual
work in Congress by naming only two
committees Of the House is q token OF
the earnestness Of the leaders In wash
ington to carry out a campaign promise
by getting through with that troublesome
feature Of legislation in the shortest pos
sible time. The theory Is now broadly
held in the financial district that the
special session OF Congress viii be able
to complete its task and adjourn by the
LIST of August. That will give four
months for consideration and action on
the complex questions which will arise.
The makeup OF the ways and means
committee would seem to insure desire
on the part of a majority OF that body
to promote radical action. Having built
fence around itself, Congress cannot
well take up the income tax issue In
connection with tariff. a fact which will
doubtless expedite the final votes. Wall
street is also pleased with that develop
ment.
The agitation in Washington and Al
bany particularly Albany against ne
and banking district has already brought
about q number Of reforms and promises
of reforms in Objectionable methods
There has been a general awakening to
the fact that there may have been good
ground for criticism and complaint about
some Of these practices. Also that In
order to recover the confidence and good
will of the public and get 1t back into
the market again honesty and fair play
would be a good thing to try. After the
lambs have had their ears clipped. their
tails cut of, eyes gouged out. tongues
iacerated, they naturally keep out OF the
paths where this would happen. 1t Is the
same with the countless army OF victims
who have been trimmed in Wall street
during the last twelve or fifteen years
known In any stock market. The lambs
who have gone through the experience
might not entirely heal up or forget theti
| mLtilation, but new lambs are born every
minute, and may be expected to go un'
| suspectingly to the butchers parlor.
Il :
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-08-17

surely haze dropped # mi" his bottle Il cold coffee
noon that day
order picker after all pictured myself prisoner
nr life bound in embroidery floss Our At its
height, and worked till eleven 'clocl, every night
cciving yecntsor supper money and no overtime pay
THEN caught sight d d blue patch Of sky through
cllink ny cell The sales manager t. me one
morning and said should spend two Or three hours
day fafnarizng myself with prices, asking II !
would like 60 TO Texas for the firm
should have gone to Texas and sat on cactuses for
the remainder OF my life, preference staying IN that
order picking room, and told him
For that reason guess he elected TO make city
salesman instead, and sent Frank down to Texas
recalled that grandfather had started IN llte sell
ing hardware to the Indians, and deduced that was
born salesman When the men came III from the road
around Christmas time glanced at all Of them with
superior eye feeling that had more culture than any:
the degree Mason who laughed too loud
and was one my rivals the city doing business OF
hundred thousand dollars year in the Loop section
Ny number seven hat became too small for me.
said goodby the order room boys, and started out
with sckly yellow pasteboard boxes bulglng with
samples, black book containing the addresses OF
about seventy customers my territory. the North
Side and whole OF blank pages gaping tor more
names.
While my salary had been raised only to dollars
a week, was allowed fifty cents day Tor cartare and
promised commission if did something phenomenal.
went out with all the hope of ignorance; only to find
with Of those who had been customers years past
and had hate silks and statesmen through
series Of unsatisfactory dealings.
On the third day found one woman in little fancy
goods shop Polish section and would have gathered
her nv if she hadn't been volli1nnous and
greasy. | never could pronounce her name without
stopping for breath between syables and then 1t al
ways sounded like two gruns and a | believe
she was Hungarian Spitz. Anyway, actually sold her
an order amounting something less than three dollars
and in my Joy threw a color card (which found later
had tried for work out OF every new sales
man who had been tried out the North Side.
At the end of week presume scraped up ten dol
lars worth of business. suppose here should tell of
pull off any, | tried conscientiouslv sell
thing to ANYBODY for several weeks. Then my grit be-
came less gritty and though | continued making the