davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-11
BIG TIME IN WHEELING.
State to Celebrate Fiftieth Ami
versary Week of June Is.

Special Dispatch to The Stare
WHEELING, w. Va, May lO-Ar-
rangements have been completed for the
big weeks celebration in this city Of the
fiftieth anniversary OF the birth OF West
Virginia. The affair will take place the
week Of June Is and it will be the great
est celebration Of any kind ever held in
the state.
The complete daily program is as fol-
lows: Two aeroplane fights. with vol
planning. trick flying and many sensational
features: education exhibit gathered from
schools OF state: horticultural and birds Of
West Virginia exhibit; Baltimore and
Ohio. old and modern equipment. a great
curiosity, with the first train ever run in
West Virginia on exhibition; exposition
showing manufactured products OF state,
with products of manufacture; hippo
drome events; chariot, Roman standing
and other racing events; auto races and
fire runs.
In addition to the daily events there
will be feature events on different DAYS.
embracing historical pageants and indus.
trial parades. military drills, fireworks
and public speeches.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-11
KANSAS CITY.

KANSAS CITY. Mo-, May 1o-Close:
Cattle-Receipts. 90 head: no southerns
steady: dressed beef and export steers
6.o0as6j fair to good. I.3,,aS.0D: south
ern steers, 6vta7. 10: southern cows T. 5Oa
-: bulls. J.15a1.2J: calves. 6.na 1000.
Hogs-Receipts, LEO head. steady
bulk Of sales. 2Jas.3J: heavy. seas -,
packers and butchers. SOFAS. 3oia; lights
S.25aS3J: pigs. 6.JOaI.O
Sheep-Receipts, 1000 head steady
Colorado lambs. 6.50sas ~: yeariings. Il 90
aI.25; wethers. 5.25a6Jo; ewes. 5.DOa
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-11
Memphis Exchange Suspends Phillips

MEMPHIS. Tenn, May 1O.-The board
of directors OF the Memphis Cotton En-
change today ordered the suspension of
VIII Phillips, junior member OF the
Martin Phillips cotton firm which failed
after the mysterious disappearance of
its president, Joseph W. Martin, In Lon
don j. A. Ely junior member of the
Iesser-Ely cotton firm, was expelled
from the exchange. Leo Lesser. the
firms president, recently disappeared.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-11
Renewed Hesitation Follows
Prospect of Peace in
Europe.
GOLD is SENT ABROAD,
NOT LIKELY TO RETURN
Relations of Government to Business
Shown by Closing of Tex
tile Mills.

. NEW YORK, May 10.-New York in
fommon with all world markets. felt the
benefit Of the smoothing of difficulties In
The way OF European peace by Monte
hegro's submission of Scutari to the dis
Sosal of the powers. but that this par
ticular step was not considered con-
elusive was shown ny the moderate effect
produced on markets and by the renewed
hesitation later.
Other symptoms proved that financial
strain. whether due 10 the political sit
sation. to preparations for increased
rmaments or to credit initiation in bust
:sess. was unrelieved Engagements of
gold in New York for shipment to Paris
were made to the amount of ss.OUoOGo.
The Bank of Frances holdings, de-
epte New Yorks shipments earlier in
ehe year. still remain lower than in
January. French rentes. also, have sold
q large government loan is the depress-
fng influence.
Flotation of a Brazilian loan in Lon
don involves Withdrawals from that mar
ket. and Berlin is engaged with further
preparations for the addition to the
war chest" With accumulation of gold
thus promised by the central banking
institutions abroad. little prospect is of
fered of return 10 New York of gold
sent from here.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-11
Out of Prison for Funeral.

LEAVENWORTH. Kan, May 10.-On
a special permit granted by Attorney
General McReynolds, Mrs. Emma Con-.
a federal prisoner serving a three
year sentence in the Kansas state
penitentiary at Lansing, departed to-
day In charge OF a woman guard to
attend the funeral of her husband in
NacO. Ariz Word OF her husbands
death was received yesterdN.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-11
TREASURY STATEMENT.
NEW YORK. May 10.

The condition OF the United States
Treasury at the beginning OF business
yesterday was: Working balance sfat :
6Di, 4S.,: in banks and Philippine treas
ury. s8.6ls.O4o, total OF general fund.
$12s <ri. oss,: receipts Friday x2.215
Sol: disbursements, Si.442.a9
The surplus this fiscal year is SIS OSS :
4.o. as against a deficit of SD 7Y5 S.;t
last year. The figures for receipts. dis
bursements. surplus and deficit exclude
Panama canal and public debt trans
actions.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-11
NEW ORLEANS.

NEW ORLEANS. May 10.-With Liver
pool closed for triple holidays the local
cotton market was dull today, although
IL had a good tone and moderate buying
served 10 bring about moderate ad-
vance The opening was steady. one
point up TO one point down, compared
with the last quotations of yesterday.
The weather map was clear and dry,
substantiating complaints of drouth in the
casters belt. The posting OF the forecast
prediqnHg fair weather for Sunday over
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-11
Appraisal of Chinaware Modified.

To meet the objections of Jules JUS
serand. the French ambassador, Secre-
tary McAdoo has modified the American
plan of appraising china from Limoges,
France. to provide a sliding scale OF
y.,ues for white china based upon the
character and value OF the decoration.
The new plan has the approval of the
trina Importers Association of New
York and is understood TO be satisfactory
IN the Limoges Chamber OF Commerce
and the French exporters.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-11
CHICAGO.

CHICAGO. NAV 1O.Close: Hogs-Re-
feipts. 5000 head steady to shade high
er: bulk of sales. s-Ioas50: light S3Oa
s5S: mixed. S25aS.55; heavy, 7.?las.J0;
rough, 7@5aS.15; pigs 6.JOaS.3J
cattle-Receipts, loo head: mainly
steady: beeves. 7.10as.90: Texas steers
6.7oaI.75: stockers and feeders 5SIa7 81:
cows and heifers. 3.9oa1.90: calves, 6JOa
p61.
Sheep-Receipts. loo head: steady to
strong: native J-i5a6.SJ: yearlings
G3Ja7 JU: lambs native D. lOaSi5
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-11
Rural Commission in italy,

GENOA. Italy, May 10.-Most of the
members of the American commission
to investigate the European rural CO.
operative credit system arrived here
today, and left almost Immediately for
Rome. The rest of the members will
land at Naples and proceed to Rome
from there.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-11
LIVE STOCK MARKETS.
NEW YORK.

NEW YORK, May 10.-Beeves-Re-
cedpts. 52S head: unchanged Dressed
cattle.
Calves-Receipts. IA head: weak. Vir-
ginia veals sold at S.75: country dressed
do. 10 to IL.
Sheep and lambs-Recepts. 4,7i3 head;
steady. Clipped sheep sold at 400 to 5.65:
clipped lambs. 80 to s.25: prime Mary
land spring lambs. 10j0.
Hogs-Receipts. 2,05i head: state hogs
sold at $40
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-11
DRY GOODS MARKET.

NEW YORK. May 1O.-Cotton goods
markets were steadier. JObbers report
moderate demand for wash fabrics
SILK ribbons and underwear and hosiery
are active. Linens are quiet.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-11
Gossip over Reamys Liquidation.

One Of the bits Of gossip afioat in Wall
street is to the effect that Norman B.
Ream has been liquidating several cart
loads Of stocks and getting himself
"strong in cash. a process which he
usually follows, when the situation does
not suit him. Mr.. Ream is one Of the
wealthfest men In the United States.
fact known to comparatively few. He
was one Of the late Mr.. Morgan S closest
personal friends, and was called into the
confidential counsels of the great banker
more than any other man. One OF Mr.:
Ream's specialtes is the. direction OF
finance committees of leading corpora
tons in which he is large stakeholder.
His field Of activity in this direction is
varied, and includes Chicago, Burlington
and Quincy, National Biscuit. Pullman.
Erie, Baltimore and Ohio, United States
Steel, the Clinchville Coal road, First
National Bank OF Chicago, Harvester and
about thirty others He is well toward
the front in the list of twelve capitalists
in the directorates of corporations that
represent stock and bonded capitaliza-
ton Of more than $8OOO.O0OOO0. In con-
junction with Robert T. Lincoln he ad-
ministered the fifty million-dollar estate
of the late George NJ. Pullman. Mr..
Ream is believed to be worth around oHi
on the Chicako Board Of Trade In 1881.
49, In 1885 he helped P. d. Armour
bust the famous Harper wheat cor
ner. Mr.. Ream Is personally a striking
figure. being almost a giant In stature.
and like many other prominent finan-
ciers shuns nOtOriety.
The government report on winter wheat
fulfilled every favorable expectation and
the outlook for other farm crops is for
stupendous agricultural production. Bank
ers are already wondering where the
money to finance the crops is to come
FROM and railroads are in a Quandary as
to whether they will have cars enough
for the traffic. If Wall street conditions
were normal the crop prospects already
in view would advance the stock market
sensa tionally. Wiseacres in the street
are saying that the longer bull cam
paign is delayed the higher and faster
prices will go. This opinion is generally
prevalent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-11
WEEKS RANGE OF PRICES
Corrected to the Close of Business May 10 at the
New York Stock Exchange.


the year
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-11

TO EVERY STOCK AND BOND BROKER. ALL
over the world who Is real live wire com
municate with the Texas Stock Exchange,
Commonwealth National Bank building. Dallas,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-11
Restricted Money in Future.

These indications of restricted money
supplies in the future are little calculated
to relieve the prostration of investment
demand for new security issues. which
is keeping up with the difficulty for rail-
road and corporations of procuring need
ed capital. Thus. urgent necessity also
spurred the railroads to secure in
creased freight rates. which assumed
definite form during the week. Besides
the adjustment of prices to the basis of
increased investment return, various
stocks are affected by the question raised
Of ability TO maintain dividends even at
present rates.
Relations of government to business
were kept in view by the explanation
given for closing down of textile mills
and for some industrial dividend reduc-
tons This explanation was the uncer-
tain conditions under prospective tariff
changes. The trouble over the Union
Pacific dissolution plan came under this
general topic. as did the measures direct
ed against the New Haven system and
the announced intention of the Depart
ment Of Justice to take further steps I'M
der the antitrust law against certain
coal roads.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-11
RATE RAISE PLEA
FACTOR IN MARKET
Eastern Railroads. Appeal a
Stock Consideration Over
shadoWing Other Issues.
HARTMAN PUZZLE FOR
"GIANTS" OF STREET
New England Hardest Hit in Price
Slunps-Crop Outlook Fore
casts Rapid Rise Later.
BY W. G.. NICHOLAS,
Special Correspondence OF The Star.

Special Correspondence OF The Star.
NEW YORK, May 10, 1913.
A factor OF first Importance has been in
troduced into the stock market situation
py the eastern railroads in petitioning the
interstate commerce commission for an
increase OF 3 per cent In freight rates.
The petition will be filed Monday, May
IL, and an early date for a hearing asked
Tor The hope Of railroads and Wall
street is that decision may be handed
down near the beginning of the next
fiscal year-July 1. The record Of earn
ings and expenses for the past three
years will be presented by the railroads.
to the case will be placed at the disposal
Of the commissioners
Most of the essential facts were
brought out at the hearings in the wage
arbitrations of the engineers and fire.
men. and have only to be crystallized and
brought down to date 1t is expected
that the figures will show that since the
railroads were denied the right to adj
vance rates three years ago their annual
expenses have increased approximately
$65. 100000 to $7O,OO0.OOO, while their In
crease of net earnings has been small,
Gross traffic has increased to a monu-
mental total, but net profits on the busi-
ness have not kept pace with the gross.
Expenses have eaten up the velvet
and left the transportation companies in
the hole. Excepting in the cases OF a
few rich systems they have not been able
to keep up with the increasing demands
Of the public. The result in many In
stances is already seen in loss of efici-
ency. The roads are down to the bone
in the matter Of cash. and their credit
has suffered correspondingly. Impair
ment Of borrowing power has extended
to the strong roads. and new capital can
only be had by the best of them on a
S per cent basis.
The three years experience under exist
ing rate conditions has established the
fact that the railroads have been getting
the worst OF 1t.
1t Is understood that majority of the
ffty-two railroads who join in the petit
ton to the commission were strongly in
favor of asking for a 10 per cent raise,
and only consented to the smaller figure
by the argument that if that much was
demanded they would probably get moth
ing. This contest for the right of rail-
roads to earn money enough to pay their
way will soon overshadow tariff and
other issues as stock market news, ma
terial.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-11
Steel Contract Specifications.

A decrease in specifications on steel
contracts to a rate considerably below
shipments was reported. following the
entry into force of higher contract
prices.
A falling off in the United States Steel
Corporations tonnage. disclosed in the
monthly statement. had been generally
roreseen although the shrinkage was
Unexpectedly large. Coppers were help
I'd by tine April decrease in stocks of
the metal.
The governments estimate of bumper
winter wheat crop is supplemented by
reports of q forward condition of plant
ting of spring wheat and favorable
weather conditions for all crops. This
IS expected to prompt a liquidation of
grain reserves. which would effectually
relieve the heavy loan expansion of
western banks.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-11
Low Records Look Strange.

Several low price records were made
were sold at figures that looked strange.
in view of past chartings. New York Gen.
trail broke through par (99a4). Pennsyl-
vania went under Ill, New Haven struck
1G2h. Union Pacific descended to 1867,
Southern Pacific to 93,2. Baltimore and
Ohio to 97A, Atchison to 99A, Louisville
and Nashville to 131. The market action
was full of contradictions and vagaries.
A process of stern readjustment of values
has been carried on. New York Central.
which has long been popularity recognized
as one Of the gilt-edged things. and has
been maintained on a basis that yielded
only about to Az per cent on the in
vestment. finally sought and found )
per cent level. at par-quite a novelty.
and also shock. New Haven. formerly
10 per cent dividend payer and for
many years the lordly dispenser of per
cent (of which 1t earned to & per cent?
among 1900 to 14,OCO shareholders, ad-
mits an inevitable reduction in dividends
AN imminent misfortune which has been
discounted In a straightaWay decline of
$40 share in a few Weeks-days, almost.
The story of the mismanagement of the
great New England system is filling acres
of newspaper space. although 1t was
years before any of them dared to publish
the glaring facts. The New Haven stood
as monument of stability and a fixed
insurance of permanent income to thou
sands.
New England has been hard hit in the
course of the past generation. 1t suffered
staggering losses in the bankruptcies that
overwhelmed Union Pacific, Atchison and
Northern Pacific. among other great en-
terprises. Thousands were frozen out !;
other thousands paid assessments,
stuck it OUT and got back their money.
Only the end of a bank account and the
foreclosure of the old homestead can
-
easter" who invests his money in stocks
and is recipient of dividends on them
in season and out for decades.
mentioned have only been paralleled in
part In recent years. New Haven setting
the example. Thehecent gamble in Wall
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-11

street has been as to extent of the sacri-
flee inflicted on the trustful yankees.
But to Offset their terrible losses of the
past. New Englanders can point with sat
isfaction and pride to fabulous dividends
distributed among shareholders in Hecla
Copper and the Bell Telephone through
more than a generation. United Fruit
is another more recent bonanza. So after
all, New England is in shape to stand
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-05-11
Pacific Dissolution a Hard Nut.

The Union Pacific-Southern Pacific puz-
as ever. 1t is one thing for the Supreme
Court to decree a total dissolution Of a
billion dollar property that has been
peacefully blended for years, and quite
another thing to do it without virtual
confscation-a fact which has at last
sunk deep into the Washington under
taking since the Attorneys General OF two
administrations futilely attempted the
solution. To avoid a repetition Of the
Standard Oil and Tobacco trust fiascos is
the chief ambition of the Department Of
Justice. Fear that he may not be en-
tirely able to do SO Is the fly in Mr.. Nc
Reynolds ointment. il is said. Mean
time,. the problem remains unsOlved and
Wall street is guessing Its head off and
gambling wildly and 'blindly on re-
suits. One mans guess seems to be as
good as another's. If Chairman Lovett.
Mr.. McReynolds or any Of the multi
millionaires and high-browed lawyers
more than the farmers boy, they have
not as yet told anybody. At the same
time there are rumors af1oat to the effect
that an impregnably powerful combina-
gether to save the situation If the
real necessity should arise-a combine
strong enough, so gossip has 1t, to raise
SIG, 100000 as easily as the average cit
iZen can raise a s. bill. There is an
element Of FEASIBILITY about this story
to command a certain amount of respect
among those who can figure
no other way of solving the queer
enigma.
Nothing has SO upset Wall street as
this Hartman railroad puzzle. 1t is one
of the principal factors that has delayed
a resumption of speculative activity in
the stock market. The specter is con-
stantly before traders of a deluge Of
countless millions of dollars worth of
stocks being dumped upon a helpless and
panic-stricken situation by reason of
the collapse of all efforts to solve a
seemingly unsolvable proposition. The
men who may finally take the problem of
adjustment into their own strong and
capable hands are less concerned, how
ever. than the nerve-shaken light
weights.
The real giants of the street are some
times slow to act, but they are depend
able in emergencies. They and their
kind have stopped many panics in the
past and may be relied upon to prevent
further catastrophes in the business
world. But how do you know" asks
the skeptic. by the same rule Of faith
that inspired the man to bet that the
sun would rise tomorrow morninE-it AL
ways had risen," answered the wise
Jackson County journal. (Sylva, N.C.) 19??-19??, 1913-12-05
JUST A word

To our good friends, our custom
ers:-A true word about the Carver
wagon.
We have it in stock. 1t is the
very last lick of the hammer in
wagondom for these mountains. as
you farmers and lumber haulers
are finding out.
Why nearly everybody knows
the Carver-the yellow wagon trim
med in black. 1t is clipper and
beautiful as a canary bird. 1t has
the smooth, gliding motion of a
tiger and the strength of a leviathan.
1t is made by honest O: r. Carver
Of Morristown, from sunny Tennes-
see limestone second growth tim
berthe best for wagons on the
planet. Nuf sed!
We are now in position to sell
you the Carver right. Did you say
you wished to pay the cash down
for the Carver or buy it on time?
Well, that's with you. Well accom-
modate you.
We sell the Thornhill and the
Birdsell and the Spach-All we'll
known and all tip-top wagons OF
their kind. Easy terms.
RANGES.
We are the only merchants in
Jackson county who carry Coles
Hot Blast Ranges.
! If your wife contemplates pur:
chasing range-the greatest labor
tsaser and worry eliminator known
to housekeeping. tell her to please
in her own self defense, call ane
i see our lines. Other merchant.
carry nice ranges but we carry twt
Especial lines-the Coles Hot Bias
Jackson County journal. (Sylva, N.C.) 19??-19??, 1913-12-05

z +.
Arthur Cowan Of Webster was IN
town Wednesday Of this week.
John Alley of Webster was IN
town Wednesday on business.
Bunyan Ashe and H lizard Gid
ney were in Asheville the last of
last week.
C. F. Rhinehart returned home
Sunday afternoon from Atlanta, Ga
B. Norton of Norton was in the
city this week.
Miss Allison of Bankers Creek was
in the city Wednesday.
Mr.. and Mrs. J. j. Kincaid of
Asheville, spent Thanksgiving with
friends in Dillsboro,
The ladies of the Methodist church
will Conduct bazaar at NJ. Buchan-
an & Sons. Hardware Store, begin
ming Wednesday,, at which time
they will offer some attractive ar
ticles of needlecraft for the holidays.
Good things to eat will also be on
sale. The money derived will be
for the benefit of the Methodist
church.
j. S. Calhoun and family arrived
from Brevard this week and will
make Sylvia their home. They will
occupy the M. Buchanan place on
the Webster road.
B. C. Grindstaff of Asheville has
been in the city this week on bust
ness.
J.B. Keener has been doing a lot
of work toward improving the ap-
pearance and convenience of the
Hooper Drug Company's store.
Prof. O. S. Dean was here last
week on business.
Mrs. C. ". DeDnin9 wos hostess
On Thursday latter Tic evening
service) to a few especially invited
guests in honor of Miss Lucy Grind
staff from Sylvia, who is spending
the holidays with Mrs. Gearge Sand
lin at the home of Mrs. j. H. Dit
more. The sole entert ainment wa!
several charming piano selections
by Miss Grindstaff. An elegan
salad was served. Those present
besides Miss Grindstaff, were Mis-
Bertha Mari, Mrs. j. H. Ditmore
Mrs George Sandlin, Wade Mar
and R. M. Gantt-Bryson Cit,
Times.
Jackson County journal. (Sylva, N.C.) 19??-19??, 1913-12-05
MEETS TODAY.

The Community Betterment
Club" will meet at the school house
Friday afternoon at 3 o'clock Dedem-
Der 5th 1913. All members are URGED
to be pretent. The mothers are es-
pecially asked to attend.