davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-25
CHICAGO GRAIN.

CHICAGO, May 24.-Increasingly un-
favorable prospects in southern and
western Kansas carried the wheat
market today upgrade. Closing prices
were firm, at an advance of / to 1Aa
IL over last night. Corn finished un-
changed to Is higher. oats varying
from shade off to Il up, and pro-
visions strung out from Is decline to
an upturn of 5.
incessant dry weather and fore
cast of more started wheat shorts to
buying. New investors also took q
hand, making liberal volume OF bust
ness much in contrast with the usual
weekend curtailment. Bulls were es-
pecially impressed by statements that
100000 acres in southwest Kansas
were in critical condition. with each
day charging the damage and making
the danger worse.
Signs of a substantial falling off in
the United States visible supply total
discouraged the bear side In, wheat,
and SO did word that exporters had
disposed Of little new winter. Re-
duced estimates from Oklahoma and
less promising reports from Missouri
market at no time had any important
reaction.
Export clearances of wheat and -four
equaled $4,000 bushels. Primary re-
ceipts of wheat were 489, 900 bushels
year ago, 3O3, 900 bushels.
In the corn pit selling by cash
houses and news of heavier country
offerings Offset the bullish action of
wheat. Weather conditions favored
ened oats.
Provision trade was only local. The
one noticeable feature was an erratic
dip of 15c in May pork.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-25
COTTON MARKETS.
NEW YORK.

NEW YORK, May 24.-The cotton mar
ket showed renewed strength during to-
days trading, and while prices eased
Of from the best under realizing the
close was steady and from / to points
net higher. The market opened steady
nj an advance of TO y points In response
To higher cables than expected, rumors
that the report of the National Ginners
Association would show a condition OF
T9.S per cent. or barely equal to the ten.
year average. and an increase In acreage
of per cent and covering by some OF
yesterdays late sellers. The market me,
4 good deal of long cotton at an advance
as well as some selling encouraged BY
prospects for more favorable weather
but after some hesitation prices worked
up TO a net advance of from to points
with October contracts making new high
ground for the season The publication
of private crop report compiled by a
prominent Memphis authority for loca
firm making the condition S'.1 per cent
was partly offset by the fact that 1,
showed an acreage increase of less than
heavier offerings after ii o'clock and
or points except in the case of May
which held We'll up to the top. Private re.
ports from the eastern belt indicated
further rains and South Carolina adj
vices said that the drought was now
completely broken. Complaints OF low
night temperatures We're received from
the central belt. however and continued
nervousness as To the crop outlook was
apparent. notws thstanding the prospects
for generally clear and warmer weather
over sunday
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-25
e 3: <; :; z z Z: :: e 2:,
4lace and So MONEY
TO loan approved city
real estate security.
JESSE l.. HFTSkEII. 1903 III st. NV.

Virginia and Maryland win meet, to OBJ
tain their consent and financial Coop
Grafton to make this project "A certainty.
The word Maryland appears on twenty
six of the nlilestones. and the word Viz
ginia' appears on fourteen of them; each
OF those states will show sufficient pride
to preserve their name, so long ago en- :
graved by Washington on those land
marks.
There are some few citizens Of Wash
ington who have sought out Tor their own
amusement the locations of al of these
stones, but il is doubtful whether single
visitor to the capital of this great nation
has ever been around the limits. The
automobile world should express itself
alphabetically upon this subject, and see to
il that every congressman attention De
directly called to consider il as of the
utmost importance. Where nature has
done so much to beautify the surround
inss Of the city, it should he supplement
ed by enough energy to make this an ac
complished fact.
This is subject that the commission
of fine arts can well take up. Fountains
can be made a feature of the artist c
development around these milestones.
arches with suitable inscriptions can he
placed at intervals: each of the four
corners could be made commemorative
monument: while there is room for much
latitude in working out the details OF
this subject.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-25
TO HONOR VICE PRESIDENT.
Reception and Banquet Planned for
Him and Mrs. Marshall.

Special Dispatch to The Star.
BERKELEY SPRINGS, w. Va, May
24.-Arrangements have been completed
for the reception to Vice President and
Mrs. Marshall here May 81 and June I.
and it is expected Berkeley Springs will
at that time have 10000 visitors. The
Vice President and Mrs. Marshall are
expected to arrive Saturday noon. They
will rest during the afternoon Satur-
day night. to 10 o'clock, an informal
banquet will be given in their honor in
the ballroom of the Hotel Dunn. Every
person in town will be privileged to meet
the Vice President formally. Sunday
morning Mr.. Marshall will speak in the
Presbyterian Church on 1.-The Man of
Galilee." Sunday afternoon there will be
grove, at which the Vice President and
other distinguished visitors will speak.
1t is expected that the town will be law
ishly decorated in honor of the visit of
the Vice President.
Vice President and Mrs. Marshall will
be the guests of Rev. A. ID. Sutherland
pastor Of the Presbyterian Church. who
was once their pastor at Indianapolis.
Upon their arrival they will be taken to
the cottage of Maj Thomas Defrees.
U. S. A. Maj Defrees will have as his
house guests on this occasion Senator
Mark Smith of Arizona, Senator Kern of
Indiana, Senator Chiffon of West Viz
ginia and Judge J. NJ. Woods of Mar
tinsburg, w. Va.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-25
NEW YORK PRODUCE.

NEW YORK, May 24.-F1our-Quiet but
firm.
Rye four-Firm.
Cornmeal-Firm.
Rye-Steady: No. = western. sS1s C. l. +.
New York export.
Barley-Quiet.
Wheat-Spot firm: No red, nominal:
No. l northern Duluth. 1.O1A +. o. b.
afioat. Futures were advanced sharply
today by a renewal Of bad crop news
from Kansas and Oklahoma. May. lOOls
July, 9s7s: September, 973s.
Corn-Spot steady; export. 851s nominal
Z. o. b. af1oat.
Oats-Spot firm.
Hay-Quiet.
Hops-Quiet.
Hides-Steady
Leather-Steady.
Pork-Quiet.
Beef-Quiet.
Cut enthusiastically.
Lard-Firm. Middle west. IL 1ja1l25;
refined steady; compound steady.
TallOw-Steady.
Cottonseed oil-Ffrm. Prime summer
yellow. .7.OS bid; May, ITO; July, 7.15;
September. 7.24.
Petroleum-Steady.
Wool-Steady.
Rosin-Quiet.
Turpentine-Steady. Machine. barrels.
41k
Rice-Steady.
Molasses-Steady.
Raw sugar-Steady; muscovado. 2.75a
go; centrifugal, 3.25a3.3O; molasses, 2.5Oa
$50; refined steady.
Potatoes and cabbages-Steady and I'M
changed.
Freights and peanuts-Unchanged
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-25
STEEL ORDERS PILE UP
Decided Improvement in New
Business Noted During
the Week.

NEW YORK, May IA decided i'm
provement was noted this week in the
new orders booked for rolled steel
products. but the increased activity. in not
a few lines was accompanied by conces-
sions in prices for third-quarter deliv-
cry This was especially notable in sheet
and tin bars. billets and black and gal
vanized sheets. For early delivery, how
ever. prices were much better sustained.
Although new business was larger In
volume specifications exceeded new or
ders largely and shipments were greater
than specifications. Among recent sales
reported were 25OOO tons tin plate bars.
10000 tons steel bars to implement max
ers, 1900 tons cold rolled shafting to au-
tomobile manufacturers and 10000 tons
steel plate to shipyards.
Railroads placed larger orders for
equipment, including 25.OOO tons rails.
6,O72 cars. sixty-three locomotives and
5000 tons structural steel work. mainly
for bridges.
The main feature in steel building work
was the numerous small orders placed for
manufacturing plants. In the aggregate
the tonnage was encouraging-about 81
600 tons. Lower prices for pig iron
brought some increase in business. The
decline in prices was % to 80 cents per
ton.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-25
To Make Upper Potomac Navigable.

Special nispatch TO The Star.
CUMBERLAND, Md, MAY pa meet
ing of citizens In the interest OF the gov
eminent project to make the Potomac
river navigable was held at the Cum
berland city hall yesterday A motion
was offered by William &. Devecmon that
Mayor Young communicate with the geo
logical departments of Mary land, Nirgini /.
and West Virginia requesting informa
ton in detail as to tonnage that would
be offered to be shipped to tidewater
over the proposed waterway. The meet
ing was called at the instance of the
committee named by Col. Langfitt of the
United States board of engineers. who re-
Gently visited Cumberland TO launch the
project.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-25
CHOICE FOR STATE SENATOR.
William F. Holmead Selected by
Prince Georges County Democrats.
pecial Dispatch to The Star


UPPER MARLBORO. May PA
conference of organization democrats
was held this afternoon at a Washing
ton hotel. when J. Enos Ray, jr, state
auditor and chairman of the county
central committee. announced his re-
tirement as a candidate for the state
senate from Prince George county
The conference was continuation
of the meeting held Saturday OF last
week, and was for the purpose of al
lowing representatives from every dis
trict in the county to decide between
William F. Holmead of Kent distr ct.
president of the board of county COM
missioners, and Ogle Marbury of Lau-
rel, democratic floor leader in the Leg
islature Of 1912. A majority of the
delegates to the conference favored Mr..
ganization candidate for the state SEN
ate was made unan nous.
The representatives present at the
conference Were: Laurel, NJ. J. CHE;
Evansville. Benedict j. Gallant: River
dale, Brice Bowie; Hyattsvilie. Will
Ray. jr.: Bladensburg. Richard T.
Whitley: Kent, Clarence NJ. Roberts:
Seat Pleasant, George N Palmer,
Bowie c. 0. Clark Wildwood. Frank p.
Hurd; Marlboro. 4. L Brooke Spaud-
ings. Richard J. Swami: Oxon Hill,
w liam Marden: Nottingham. II. HI.
Sasscer. jr.; Aquasco. Henry Brady;
Brandy wine A. T. Robinson: Queen
Anne. G. C. D. Townshend: Piscataway,
Hunter Edelen and Surratts, Thomas
II. Lyons. 1t was stated that the con
ference took no action regarding the of
fees of registrar. of wills and sheriff.
for which there are several candidates
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-25
NEW YORK BANKS.
BOSTON. May q.

NEW YORK, May 24-The statement
of the actual condition OF the clearing
house banks and trust companies for
the week shows that they hold $27.-
2ss.4oo reserve in excess Of legal re-
quirements. This is an increase OF
s1,719.OOO from last week.
The statement follows.
Actual condition:
Loans. 1921. $4,000; increase, ST.
Specie. ss4o.5ss,ooo; increase. $780,
Legal tenders. ss4.sa4.ooo; increase.
Net deposits. s1.771.s24.ooo; increase,
$4.998,0OO.
Circulation. s4s.s42.ooo: increase.
Banks cash reserve in vault. 1885,
$50, 900.
Trust companies cash reserve in
Aggregate cash reserve, s425,4o3. 900.
Excess lawful reserve, 81, 296, 400
increase. $1.719.O00.
Trust companies reserve with clear
ing house members CARRYING 20 per
.ent cash reserve, $50 ,491 900.
summary of state banks and trus,
companies in Greater ew York. not in
cluded in clearing house statement:
Loans, $5Ss.295,300; decrease. $2.619,-
Specie. sss.41s. 100; increase, ,45 700.
Legal tenders. ss.15s.2oo; increase,
$48900.
Total deposits. $645. sss. 400; decrease,
81. 672.5O0.
The Fnancier says today: 9TH,
statement of the clearing house banks
Of the city of New York for the week
ending May "a was rather colorless il
its showings. The sale OF $45, 600 OK
city bonds and the continued gold ex
ports were regarded as certain to af.
feet the condition Of the banks, but thu
only changes of note were an increase
of 1894. 600 in loans. an increase OF
81 lao. 900 in cash and an expansion OF
about $5.OOO.OOO in deposits. The result
of the operations named was to increase
excess reserve by $1.719.OOO, bringine
the surplus above the required 25 pei
cent minimum to $27. Dos. 400
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-25

and offerings from satisfied longs IN
creased, with the result that prices
were put down until they were up
to down: compared with YESTERDAY
last quotations. The close was steady.
at net gain of 3 points to net loss
of points.
Bulls put out much gossip during the
morning calling attention to the fact
the belt were down around fifty de-
grees while In Alabama they went as
low as forty-eight, but at no time did
real buying power develop. Bears call
ed the forecast of fair weather for
practically the entire belt very favor
able.
Spot cotton quiet. unchanged; mid
ding, u 7-16: sales on the spot, 430
bales; to arrive. eos.
Futures closed: January. 11.32: March,
1913: August. ITO; September. 11.4S:
October. 11.3O; December, 1923.
The net results of the weeks trading
in cotton were an advance of Is to %
points. The high prices We're made
Thursday and the low prices Monday.
At the highest the trading months
We're % to % points over last week $
closing; at the lowest they We're l to
3 points under. The range of prices
was % 10 80 points.
BuIlish aggressiveness put the market
up this week. Certain powerful inter-
ests entered into operations looking
toward the liquidation Of the extensive
short interest with considerable de-
gree of success. At the end of the week
the weaker short element had been
covered at a loss. The short interest
that remained appeared to be strong
and proof against manipulative at
tackS.
Weather conditions on the whole
were called very favorable. Toward
the end of the week temperatures were
low. but earlier weather was warm
enough to bring late planted seed up
quickly and to cause good growth on
young plants. Determined buying by
bulls Offset the favorable features in
the weather and caused weaker shorts
to liquidate
In the spot department prices gained
one-eighth of cent. middling closing
at IL 7-16, against IL 5-16 last week
and IL 1116 this week last year. Sales
on the spot amounted to 2.762 bales.
against LII last week and 1888 this
week last year. Sales to arrive amount
ed to 1889 bales, against 2.461 last
week and 1885 this week last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-25
NEW YORK COFFEE.

NEW YORK, May 24.-Coffee futures
opened steady at unchanged prices to a
decline of seven points in response to
rather disappointing cables. Offerings
were very light, however. and the market
steadied up during the morning on a
little further support from bulIish sources
or covering of shorts. A sale Of June in
the absence OF prompt buyers sent that
position off to loss of nine points at
the close, but the final tone was steady.
Sales-21 $50 bags. May. 1925; June, 1888 !:
July, 11.O1: September. H.2O; October
11.21; December, 1I23; January, ll24;
March, lbs.
Spot coffee quiet. Rio. IS 11aad; San
tos, As 13ssd. Mild coffee quiet Cordova,
Halt nominal.
Havre unchanged. Hamburg unchang-
ed to Il pfennig lower Rio, % reis
higher at $500. Santos, 30 higher: Is,
6$75O; is, $500. Brazilian port receipts,
$4,000, against 1000 last year. Jundiahy
receipts. 5000. against 5000 last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-25
NEW ORLEANS.

NEW ORLEANS, La. May 24.-The
cotton market today again displayed
the nervous feeling it had in the early
part OF the week. Bulls were more
satisfied to take their profits than to
carry their cotton over Sunday and
This. coupled with a moderate amount
OF fresh short selling, principally from
the scalping element, worked against
values In the face of reports of cold
weather over considerable portion of
the belt.
The opening was steady at an ad-
vance of to points on good cables
and low temperatures Good rains in
the Atlantics. In sections that still
needed moisture, balanced to some ex-
tent the cold weather talk Around
the middle of the morning, after one
points over yesterdays close. At this
level ring traders sold short for turn
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-25
CATTLE MARKETS.
NEW YORK.

NEW YORK, May 24.-Beeves-Re-
ceipts 675 head; none on sale; feeling I'M
changed. Dressed beef slow at II to Ii
cents per pound for native sides. Exports
today, $50 cattle and 20 sheep.
Calves-Receipts, AZ head; none on sale;
fee ing nominally steady. City dressed
veals, Hail.; country dressed do, l3alo
Sheep and lambs-Weak: receipts, 2,4IA
head: sheep and lambs weak; sheep.
4OOa5 so; culls, go: choice wethers. 60
lambs, 7.O0a7 40; spring lambs S.OOa9.62la
few head, $40.
Hogs-Receipts. 1,743 head; none on sale;
feeling nominaIly steady.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-25
TREASURY STATEMENT,
NEW YORK, May q.

The cond ton Of the United States
Treasury at tho beginning of business
Yesterday was: Working balance. $780,
2s3. 1874: in banks and Philippine treasury,
$40. Az. SIG: total Of general fund. $132,
201 ST.; receipts yesterday. 2.279, 632; dis
bursements. 81 ,OS7 $50. The surplus this
fiscal year is $i.s47.S99, as against a
deficit of SD 26O.s7S last year. The fig
ures for receipts. disbursements. ETC., ex-
clude Panama canal and public debt
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-25
CHICAGO.

CHICAGO, May A.-Close-Hogs. steady
receipts. 1900 head; bulk of sales, S.55a
$50; light, S.40aS.621s: mixed. S.35aS. 62l2
heavy, 8.O5aS.5I1s; rough, S.05aS.2O; pigs.
6.5OaS 80
Cattle-Slow; receipts, 400 head; beeves
7.1OaS.S5: Texas steers, 6.75a7.70: stock
ers and feeders, 5.SOaS-O0: sows and
heifers. 3.S0a7.30; calves, 7.25a10.O0.
Sheep-Receipts, LOCO head: slow and
prices steady; native. 5.25a6.O0; year
lings, 6.OOa6.6O; lambs, native, 5.75a7. 60
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-25
KANSAS CITY.

KANSAS CITY, No, May 24-Cattle-
Receipts, 300 head, including 100 south
ems; steady; dressed beef and export
steers, 7.75aS.60; fair to good, 725a7 10;
southern steers, 5.75a7.50; southern
cows, 4.5oa7.OO; bulls, 5.75a725; calves
6.5Oa1O.O0.
Hogs-Receipts, 1900 head: weak:
bulk. S.45a8.55; heavy. S.4Oas. 52115: packers
and butchers, S.45aS. 30; light, S.5Oas. 571s
pigs. 7.25a7.75.
Sheep-Receipts, none; steady to strong;
Colorado lambs, 7.00aS.65: yearlings,
5.50a7.00; wethers. 4.5oas.50; ewes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-25

creasing reluctance has marked the he
naVior OF the quiet rich, who comnosed
; patrons of the ulti-millionaire banx-
r. ts muses. ana their immediate hackers.
- no" with great reluctance that a
majority OF the banking institutions will
venture to sponsor fresh stocks or bonds
OF magnitude. Clearer proof OF loss Of
oio-time confidence in the financial adj
T 1aee OF ao leaders could not be given.
10 better feeling, but the wisest among
the students and practitioners of high
ana low finance admit they are at sea and
can give no theories or counsel that
might De considered satisfactory or con-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-25

Confidence in the wheat crop prospect
is held high by the rapid marketing of old
wheat. Primary receipts, as well as ex-
ports, hold at an enormous figure. Liqui-
dalton of domestic bank loans is ex-
pected to go hand in hand with this
movement.
New orders for steel products still halt
hut copper exports are well sustained
Contracted bank clearings point to di-
ininished commercial activity and the
fresh accession to the idle freight car sur
plus gains added force in view of the
heavy gain movement.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-25
Matter of State Pride.

Paris is demolishing her walls around
the city TO make parks and a boundary
boulevard and other cities are doing sim
liar work An effort will be made this
coming winter, when the legislatures of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-25
DRY GOODS MARKET.

NEW YORK, May 4.-The cotton goods
market closed strong. with the demand
broad for convertibles and cloths for the
manufacturing trades. Wool markets are
steady. Underwear and hosiery are in
good demand for spot use.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-25
WEEKS RANGE OF PRICES
Corrected to the Close of Business May "a at tn
New York Stock Exchange.

following highest and closing prices
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-25
Business World Is Wrestling
With Problem of Financing
Its Industries.
CREDIT is OVERREACHED
BY CITIES AND STATES
Ask More Money Than Is Justified
by the Present Banking
Situation.

NEW YORK. May 4.-While the stock
market itself was almost idle all of to-
day, with price fluctuations narrow and
shifting the financial world was pre-
occupied with the problem of supplying
requirements for new capital. Neither the
New York city bond sale nor the Chinese
loan issue abroad proved sufficiently con-
elusive to resolve the doubt as to def1ni-
tive basis on which the investment de-
,nand for capital is TO adjust itself.
The good features claimed for both is
sues did not alter the fact that they failed
TO awaken speculative enthusiasm or to
stimulate investment demand.
Chinese Loan Goes Begging.
The statement of the New York city
controller that the state of public credit
all over the country proves that cities
and states are spending more money than
the available credit justifes was con-
sidered significant. The Chinese loan, a
= per cent bond offered at 90. and under
stood to yield but ~ to China. offers
small incentive to competition by less
prodigal borrowers.
Conditions in the foreign exchange mar
ket point conclusively to foreign in
fluences as to the source of the strain.
The stringency in the capital market
proves trying to corporation borrowers
with maturing obligations. Many of these
are impending. the fruit of the policy
of short term borrowing pursued for
several years past. Severe declines in
spots in the securities market find an
explanation in the difficulties in meeting
this situation
The peculiar sensitiveness in the mar
ket to the Union Pacific dissolution is
due to the necessity of finding resources
at such time to take over the holdings
of Southern Pacific.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-25

Unofficial declarations that settle
ment had at last been reached in the
negotiations for segregation Of the Har-
rfman system in compliance with the SUI
preme Courts mandate stimulated the
stock market. Gossip on the exchange
was to the effect that the segregation plan
provided for cancellation Of the $126. 600.
900 of Southern Pacific stock held by
Union Pacific in return for which Union
Pacific would receive control of Central
Pacific with cash and bonds having an
additional value of $4,000. 600 The stock
exchange house which was the largest
buyer of Union Pacific made the state
1nent that the full plan OF segregation
will be issued next Tuesday"
No authoritative confirmation Of these
reports was to be had. The statement
was made by a representative of the
banking interests which have acted as
fiscal agents for the Hartman roads
that he knew of no settlement in the mat
ter. The response of the stock market,
however, was emphatic.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-25

If you want work. read the want coll
umns of The Star.