davidaulloa/AmericanStories huggingface dataset:
World's cresset. [volume] (JAH-ville [Colony], Fowler, Mo.) 1891-19??, 1913-09-25

resting N " r; nn Whu IN
to he a. follower of the meek and
lowly Nazarine But nov we
come to the point in question =
The strong who are to Dear the
infer m mites of the week is the
man who is strong in the Lord
and the power of his might,
Please read.
World's cresset. [volume] (JAH-ville [Colony], Fowler, Mo.) 1891-19??, 1913-09-25

Published Every Thursday.
Evening star., 1913-03-02
COTTON MARKETS.
NEW YORK.

NEW YORK, March 1.-The cotton
market showed renewed steadiness early
today, but later declined under realizing.
and closed easy at a net loss of from
to o points.
The market opened steady at an ad-
vance of one point to a decline or one
point, and shortly after the call sold
from four to five points net higher on
covering and moderate support from local
bulls. Relatively steady cables undoubt-
edly helped the advance. which was also
promoted by favorable advices from the
dry goods trade, reports of too much
rain i'm the south and bullish private GIN
ming figures. There was no aggressive
demand. however. and as realizing
checked the advance, offerings became a
little more general with Wall street and
uptown interests considerable sellers i'm
the late trading. Closing prices were at
the lowest of the day. Private cables
from Liverpool reported a quiet Saturday
market. and trading here was generally
very quiet. Following yesterdays activ-
ity In March, there was comparatively
little business in that delivery this morn
ing. although it was rumored that further
notices would probably be issued Monday.
Cotton-Spot closed quiet: middling up
lands, 12.7O: middling golf, 1895; sales,
none, cotton futures closed easy
Evening star., 1913-03-02
CHICAGO GRAIN.
NEW YORK, March /.

CHICAGO, March abundance of
moisture. good snow covering and temper
atures mild enough to allow the soil to get
the full benefit gave wheat prices today
a tendency to fall. The market closed
weak isa14 to l4aas under last night Corn
showed net decline of LAS to "a and
oats a drop of 4. In provisions there was
a setback of 2Ie TO 10c.
Flattering prospects in the American
winter crop belt quickly turned the at
that told of decreasing stocks at Liver
pool and of reduced acreage in Rouman mia
and Bulgaria. Moreover. export bids were
out of line and there was word of free
offerings by Argentina. In consequence
an upturn at the start was soon more
than offset
Diminishing receipts both northwest and
southwest proved insufficient to bring
about any material rally. 1t was noticed
however, that bottom prices reached were
but little below those of the day before
Primary receipts amounted to 624. .OOl
bushels. against $4,000 bushels a year
ago: seaboard clearances of wheat anC
flour eQualed 5000 bushels.
Corn received only meager support. Il
was estimated that not TO exceed - pei
cent of the immense stock on sidetracks
here had been sold to shippers. Sym.
pathy swayed oa.s to the bear side with
corn. Both cereals finished at inside fig.
ureS
Larger receipts of hogs eased provi-
sions. Nevertheless holders continued tt
realize profits and We're helped by fair
demand
Evening star., 1913-03-02

S.S74.O00
00O
Banks cash reserve in vault. s346.-
019, 900.
Trust companies cash reserve in
vault s66.970,000.
Aggregate cash reserve. 4l2.9S9, 900.
Excess lawful reserve, s2,69o.250; de-
crease $1O.483, 400.
Trust companies reserve with clear
ing house members carrying 20 per
cent cash reserve. S53, ,474.000.
Summary. of state banks and trust
companies in Greater New York not in
cIuded i'm clearing house statement: =
Loans So74 129 800: decrease. Si,9D. Sp.
Specie, S6o. $500; increase So6l .Uo.
Legal tenders, S1,I19.Joo; decrease.
S125 800.
Money on call nominal; no loans.
Prime mercantile paper. per cent.
Sterling exchange steady, with actual
business i'm bankers bills at 4S32o for
sixtv-dav bills and AT 49,. 80 for demand.
Commercial bills. 4S2s4
The Financier SAYS today:
..The principal feature of the statement
of the New York clearing house banks
for the week ending March was an up-
expected decrease of SS,66l.0 900 i'm cash.
Loans expanded 81. .Sa3, 600. owing doubt
less TO the March dividend and interest
period.
..The effect of the increase in loans and
the loss in cash was to bring about
expansion of SSSI4,oo0 In deposits. which
n itself called for additional reserve re-
shrinkage of So 4sc;, 400 i'm surplus re-
serve the present excess above the -
per cent minimum standing at S2,6N,2I
1T is not likely that the reserve will re-
main at this low hgure, but Tor the pres
ent ii indicates that unless the banks
further increase their cash holdings
firmer money rates are not at all un-
likely.
Evening star., 1913-03-02
LONDON STOCK MARKET
Clearing of War Clouds HELPS
Trading on All European
B0urSeS.

LONDON. March 1.-The week onened
dull on the stock exchange. but the
market later gathered strength and closed
generally higher. The Improvement in
the continental situation, through reports
of the early reduction of the armies of
Austria and Russia and the belief that
Turkish peace negotiations were pending.
stimulated the speculative and investment
sections and at the same time revived
discussion in the money market of a
possible reduction in the bank rate.
Large institutions, which held off for q
considerable period. are now buying ia
vorite gilt-edged securities as we'll as
some new issues. Continental support
appears to be more confident. and al
though the prospects of large new fiota-
tions with the conclusion of peace checks
any material improvement, the undertone
is generally better. The fact that only
a small bull account was open at the
settlement assisted the improvement.
Mexican shares were benefited by the
belief in early peace in Mexico, but home
rails were occasionally disturbed by labor
troubles. Shipping shares and oil stocks
were good features in the miscellaneous
section.
American securities sagged in the mid
die of the week. owing to the uncertainties
Of the coming administration program.
Later prices improved in sympathy with
the rest Of the market and the better
Mexican outlook, and closed from un-
changed to 3 points higher
PARIS. March 1.-Prices were firm on
the bourse today.
BERLIN, March, 1.-Prices were firm
on the bourse today.
Evening star., 1913-03-02
NEW ORLEANS.

NEW ORLEANS, March 1.-The week
end on the cotton market was nervous.
In the early trading prices were above
yesterdays close, but later they were un-
der. With these changes the range was
only Is to 16 points. The opening was
steady, at an advance of ! to points on
good cables and poor weather over the
cotton belt. little after the opening
the trading months were 3 to ) points
up. which was the highest level of the
session. Bears increased their offerings
on cable messages from London. stating
that Lancashire was facing another labor
crisis and on reports from Texas that
planting had already begun i'm the ear
large sections of that state. PesSimism in
the stock market was also reelected in
cotton.
Pressure was held on the market until
prices were to IL points under yester-
days close. In the last hour of business
shorts took profits over the week end
and more than offset liquidation from the
long side. The close was steady, at d
net decline of to 4 points. Bearish
pressure was in evidence from the OPEN
ing. holding prices down from making a
full response to the higher Liverpool
market than due and preventing buying
on bullish private estimates of the
amount of cotton ginned up to the end Of
February. One of these estimates put
the total amount of cotton ginned. in
cludins linters at 13.SOO,OO0 bales. and
caused great deal of bullish comment
Spot unchanged and quiet: spot. .12Ia
sales OH the spot. $50 bales: to arrive lis
Closing futures: March, 1221 April
12.1s: May. 12.16; July, 12.6; August
11.&; September. 1l.61; October. II 40;
December. II 80.
The cotton market was quiet this week
Prices moved within a narrow range and
did not favor either bulls or bears to any
decided extent. The close was at a net
gain Of 2 to II points. The high prices
were made Friday and the low pricac
Tuesday. At the highest the trading
months were 20 to 30 points over last
weeks close: at the lowest, they were 9
to points under. The range was % to
80 points. Except for while around the
opening of the week the long side was
more aggressive than the short and prices
We're Kept at a small advance above the
level of last weeks close
On the whole. the volume of trade was
small and operators on both sides were
plainly waiting for decided developments
regarding the new crop situation. Plant
ing was reported begun in the earliest
sections of Texas and from most parts OF
the belt satisfactory progress with crops
was claimed.
Evening star., 1913-03-02
doesn't look nice for stocks to break
to 10 points between sales.
Underwriting Syndicates Suffer.


Underwriting syndicates have not Jared
very we'll in some of their recent ven
lures and this division of Wall street
industry iS worse than stagnant. Very
few new f1otations are announced and
they are unimportant for the most part.
The uncertainties and general feeling of
uneasiness in the stock market extended
to bonds and corporation notes. The
companies that were first in the field
with their issues got the best of it, and
are correspondingly happy
New Workers in and out of Wall street
are puzzled over the move by George
Gould to blockade the construction OF
the subways for which arrangements had
been all but completed. Just what he
is trying to get at has not yet been made
clear. The statement that it iS move
by Gould to get even with Mr. Morgan
for some fancied affront does not satisfy
curiosity. 1t doesn't go far enough. 1t
may be assumed that Mr.. Gould is not
actuated entirely by revenge. 1t Is the
dollar which usually inspires him to legal
action of such Importance as this last
move of his seems to be. TO deliberately
step in and inconvenience a community
of 100000 people is play which does
not add to the popularity of Jay Gould s
eldest son.
At the low level of prices reached early
in the week an average decline of about
13 points had taken place in rails and
Is points in industrials.
Evening star., 1913-03-02
COFFEE FUTURES.

NEW YORK. March 1.-Coffee futures
opened steady at an advance of , points
on March and l point on April but gen
orally unchanged to points lower. Eu-
rOpean cables were little better than
due and there was some little covering
of near months. but later positions were
Influenced by continued scattering liaui-
dation and the market eased off during
the morning with the close steady at a
net decline of Gao points. The coffee ex-
change has discontinued reporting the
amount of sales. March, 19O: April
1902: MAY, II. "A: June, 12.2o; July l3.26:
August. 12.32: September. 1239; October.
1921; November. 1928; December. lo.Is;
January, 1919; February. 1919
Spot coffee-Dull; Rio as 12ss; Santos
As. 14l4; mild coffee dull; Cordova. 15a17
nominal.
Havre unchanged to 4 franc lower:
Hamburg unchanged to !. pfg lower;
Rio unchanged; Santos As, 80 reis lower
at 1880; Is unchanged. Brazilian port
receipts. 14,0OO bags. against a holiday
last year. Jundiahy receipts, 1900 bags,
against holiday last year New York
warehouse deliveries, 15.7 753 bags, against
1O,3O2 last year.
Evening star., 1913-03-02
NEW YORK PRODUCE.

NEW YORK, March 1.-Flour-Dull AMI
unchanged: spring patents. 4.4Oa4.65: win
ter straights, 450a4.6O; winter patents,
4. 1OaJ. 10: spring clears .2Jai3o; winter
extras. No. /, 3.90a4. Ia: winter extras No.
. 3SOa3 30: Kansas straights, 4.10a425.
Rye four-Steady; fair to good, 3eOa
3.S5; choice to fancy, 3.9Oa4O0.
Buckwheat fiour-Dull. 2.25a2.35 per 1CO
pounds.
Cornmeal-Steady; fine white and yel-
3.15.
Rye-Steady; No. 2 western. 66 elf
Buffalo.
Barley-Quiet; feeding. 5oa. elf. New
York: mailing, 55a58 elf. Buffalo.
Wheat-Spot steady; No. 2 red, 1.O9ls
nominal elevator. and 1.11a nominal TO. b.
af1oat; No. 1 northern Duluth. 1.01M fob.
afloat. Futures steady in absence of sell
ing pressure and in sympathy with out
side markets. closing unchanged to Il
net lower. May, % 15-16a99 3-16; closed
9S 1915; July closed. 9S: September, g67s
Bonded wheat-May closed 97ss asked
July 972s asked; receipts 1900 bushels.
shipments, 6.OC0 bushels.
Corn-Spot firm; export, 5i4 f. o. b.
afioat Receipts. $4,000 bushels; ship
ment 81 900 bushels.
Oats-Spot steady: standard white, 80.
nominal: No. 3. 3S1s: No. 4. 37a3s: natural
white. 81 to 50: white clipped. 311s to Al,
all on track.
Feed-Quiet: western spring bran. 1CO-
pound sacks. 22OO: standard mddling.
lO0-pound sacks. 22.25: city, 1o0-pound
sacks, 23.00.
Hay-Quiet: prime, 97la: No 1, 1.O0a
los: No ., S5a95; No. 3. 75aSO.
Hops-Steady: state common to choice,
1872 2Oa2I; 1911. 10a15; Pacific coast,
1912, 16a22: 1911, 12a16.
Hides = Firm: Central America, 3OL
Bogota. 29a4 4a30A
Leather-Steady: hemlock firsts. 2Sa29;
seconds. 27a2S; thirds, 24a25: rejects. 10
a20.
Pork - Firm: mess. 21.O0a21 80: family,
80 5Oa24J0 short clear. 21.O0a222.5 so
Beef = Firm: mess. 19O}a20.O0; family,
%. .OOa14 co: beef hams. 32.OOa34.O0.
Cut meats-Firm; picked bellies, 10 to
Evening star., 1913-03-02
Hope Tax Plan Will Garry.

From the tenor Of advices several cities
are hoping that the SulZer proposition to
double the transfer tax on stocks will
carry. In such an event they will eX-
pect to draw away from New York a
considerable portion of the business 1t
now gets from the public. for. Of course,
buyers. sellers and spectators would be
called on to bear the burden. 1t is rather
amusing to see how the stock exchange
has awakened to the need of doing sOme
thin to appease q public clamor for a
new deal. 1t has been law unto itself
for great many wears. and does not like
the feel of the lash. 1t has been running
blindy to a fall, and 1t is now in process
of getting what it was not looking for,
but what is properly coming to it. The
chances are that in the future the ex-
change will be more tolerant of the fair
demands of business
The long list of so-called new indus
| trials have had quite hard time of
| 1t the last fortnight. Banks have been
| openly discriminating against them and
| their stocks and bonds have been thrown
out of the envelope" without much re-
gard as to who might be behind them.
| The breaks in not few of these strange
| issues have been serious. but happily the
public has not been as bad sufferer as
might have been the case If the dis
| tribution had gone further. Fortunately
for the public, the promoters of most of
| these schemes put the price OF the goods
so high at the beginning that buyers
We're not attracted and kept away. 1t
| thus transpired that when the general
| market break set In insiders still had the
| load. Ii was not until the big decline
| had proceeded for a good while that the
| outside holders realized that there had
| been nothing doing on the down turn in
| their specialties.
| The next impulse was 10 take advan-
/ tage OF the seeming strength and get
| out. The bulk of publicly held stocks In
| these new things was not large. but it
| looked like all avalanche to the insiders,
| who had to take back the certificates In
| order to keep their interests protected
| and save themselves from looking ridicu-
| lous.
| Recent breaks in the prices of these
| fantastic new issues have been quite Sc
| we're. however. and il is likely to be some
time before any part of the lost ground
is recovered. Their prestige is gone. 1t
Evening star., 1913-03-02
LIVERPOOL.

LIVERPOOL. March 1.-Cotton-Spot
quiet; prices easier: American middling
fair, 741; good middling, 7.07: middling
G.So: low middling, 6.67 good ordinary,
6.33; ordinary. $50. Sales, 5000 bales
including 300 for speculation and export
and 500 American. Receipts $4,000 in
Guiding 10000 American. Futures opened
qriet and steady and closed quiet and
steady. March. go: March and April
6.5s1a: April and May. 6.5S12; May and
June. 6.5S1a; June and July, 6.57: July
and August. 6.531.; August and Septem-
ber. g. 431a: September and October, 6.30la
October and November, 6.221a; November
and December, go: December and Janu-
airy, 6.19; January and February, 6.1S.
Evening star., 1913-03-02
CATTLE MARKETS.
NEW YORK.

NEW YORK, March l--Beeves-Re-
ceipts. 1913 head. None on sale; feeling
nominally steady. Dressed beef-Un-
changed. at 10 to IL per pound for native
sides: Texas beef. 8 to 1Oh-
Calves-Receipts. 1O2 head; none on
sale; feeling weak. City dressed veals.
10 to 1S: country dressed do, 111a to 16.
Sheep and lambs-Receipts. 1904 head;
none on sale; feeling steady: dressed
lambs. 12 to 141s; dressed mutton, 8 to IL.
Hogs-Receipts. 2.SO3 head: none on sale
feeling nominally steady, 10 to 151a.
Evening star., 1913-03-02
NEW YORK BANKS.

NEW YORK, March 1.-The statement
of the actual condition of the clearing
house banks and trust companies for
the week shows that they hold s.
69O25O reserve in excess of legal res
ouirements. This is decrease of
$10 483, 400 from last week.
The statement follows:
Actual condition:
Loans, $1.97S.856.000; increase. s11,-
S93, 900.
757. 900
Legal tenders. sS2.231,000; increase.
$4,000.
Evening star., 1913-03-02
KANSAS CITY.

KANSAS CITY. March Cattle
steady: receipts. 100 head. including 200
head of southerns; native steers. I. 7.5Oa9 90:
southern steers. 6.75aSOO southern cows
and heifers, 4.25a7.OO bulls, 5.25a7 90;
calves, q. .JOa1O.W
Hogs-Lower; receipts. 500 head: bulk.
S.15aS.20; heavy. S.1OaS15: packers and
butchers. S.15aS.25; light, S.20as.30: pigs
1.OOa7.5O
Sheep-Strong: receipts. none: muttons,
f. 75a6 40; Colorado lambs. 7.8OaS So; range
wethers and yearlngs, 5.50a5.70; range
ewes, 4.OOa6.OO.
Evening star., 1913-03-02
An Exception.

From Harpers Weekly.
How did you find the roads up around
Jingleville Corners? asked Bilkins az
Slathersberry. who had just returned
from motor trip >.
.Oh | wasn't particularly stuck on
them" said Slathersberry.
Really? said Blkins. We'll. / guegs
you're the only man that wasn't. l was
stuck on 'em for a whole day last year."
Evening star., 1913-03-02
pounds. 13sla14A; picked hams, l4

Lard-Steady; middle west prime, 10 sSa
1O05: refined steady; continent. II 90;
South America, 1898; compound. Irsao.
Tailow-Quiet: prime city hogsheads,
eK: country, 5:4a6ls.
cottonseed Oil-Quiet; prime crude
southeast, 52Oa527; prime summer vel
low. 635ae 43; March. 6.36; May, 6S6;
Petroleum-Steady; refined. New York,
barrels $50: refined, New York. bulk,
4.S5; Philadelphia. barrels, $50; do, bulk,
4.S5.
Wool-Steady; domestic fleece Xxx Ohio,
31a32. ..
Rosin-Steady; standard common to
good, $50
45la.
6Aa6a4.
Molasses-Steady; New Orleans, open
kettle. 35a55.
Raw Sugar-Firm: muscovado. SO test.
sO4; centrifugal. ae test. S.54; molasses
sugar, 50 test 2.79; refined steady; cut
loaf. 515: crushed. sos: mold A. 40;
cubes, 4.6O; xxx powdered, $50; pow
dered, 445; granulated, fine, 4.35: diamond
A, 4.3o.
Evening star., 1913-03-02
CONDITION OF TREASURY.
BOSTON. March 1,

The condition of the United States
Treasury at the beginning of business
yesterday was:
working balance. SIS, ,355 1856 In banks
and Philippine treasury. $43.973, 712. Total
of general fund. $147. .O36. .6SS. Receipts
yesterday. 81, 420. .966: disbursements, $3,-
S12,95S. The surplus this fiscal year is
81 .37S. .6O9 as against deficit of $50 &c.,.
s25 last year.
The figures for receipts. disbursements.
ETC.. exclude Panama canal and public
debt transactions. a
Evening star., 1913-03-02
CHICAGO.

CHICAGO. March 1.-Hogs-Weak; re-
ceipts. 1900 head; light, S.2oaS5O; mixed
8.2)aSjO; heavy. S.O5aS.45: rough, S.O5a
sd; pigs 6JOaS.25; bulk of sales, S.35a
8.4j.
Cattle-Slow: receipts. 300; beeves
6.S5a9.OO: Texas steers, 5.2Oa6.O0; stock
ers and feeders, 815aS.1O; cows and
heifers, 3.25a7.5O; calves, 100 a 1880.
Sheep--Unsteady; receipts, 500 head !;
native, 5.o5a6S5; yearlings, 6.75a 90; ma
tive lambs, 1.4OaS.65.
Evening star., 1913-03-02
Otherwise Stock Market Has
a CoI0rIess Day.
DRIFTING UNTIL MARCH a
Wall Street Disposed to Idle Pending
Inauguration.
CONCERN OVER PUJO REPORT
But This Also Will Be Allowed to
Rest Until New Administration
Comes In.

NEW YORK, March 1.-EXcept for the
strength of the copper group, in which
gains ran 10 over two points. the move
Inent of stocks today was insignificant.
There was some selling early in the ses-
sion by room traders, on account of the
governments suit against Corn Products.
news of which reached the street some
time i'm advance of the actual filing of the
suit and the recommendation of the Pujo
money trust committee.
Corn Products stocks held fairly
steady. The preferred. which broke over
4 points yesterday. declined liz today, but
later rallied to point over the previous
close. The movement in the common was
fractional
Evening star., 1913-03-02
DRY GOODS MARKET.

NEW YORK. March 1.-Cotton good.
markets rule steady Linens are seiIins
actively for spot and fall delivery. Under.
wear lines are active for spring Yarn.
are somewhat easier
Evening star., 1913-03-02
The Immortal Eight.

From the Chicago Record Herald.
Some time in the distant future some-
body may suggest a reunion Of the Taft
electors who pulled through in 1912.
Evening star., 1913-03-02

She Gn the theater)-Does my feather
spoil Your view?
lie tsitting behind herJ-Oh. no, madam.
I've cut ii off.-London Opinion.
Evening star., 1913-03-02
Waiting on Wilson.

The report of the Pujo committee had
not been digcsted thoroughly enough for
formation of conclusions upon which to
base speculative action.
While some recommendations OF the
committee were regarded as of charac-
ter to give Wall street deep concern
should Congress consider seriously the en-
actment of such legislation there was a
disposition to dismiss this and all other
political considerations for the present
until the new administration is at work.
Evening star., 1913-03-02
Bank Cash Losses Heavy.

The bank statement was decidedly un-
favorable, revealing a cash loss in the ac-
tuaI table of SS661 600 an amount con-
siderably in excess of estimates. The sur
plus reserve was all but wiped out. being
cut down to S2.60.O0o. This condltlon
probably is a temporary one. however.
Bonds were steady Wabash As were
exceptionally strong. Total sales (par
value), $4,000.
United States IS declined a on call on
the week.
Evening star., 1913-03-02
WEEKS RANGE OF PRICES
Corrected to the Close of Business February 28 at
the New York Stock Exchange.


10 ate
Evening star., 1913-03-02
Influences Against Market.

The killing of Madero. the Withholding
of decision in the Minnesota rate case,
the objection to the Union Pacific disso-
luton plan by the California railroad
commission, the obstruction to the New
York subway contracts and the appeal
to eastern railroad trainmen to organ
ize for a coming struggle for a wage in
crease-all these incidents converged on
the weak market at the opening of the
week and seemed to exhaust the pres
ent factors of depression.
News of European politics. while of no
great direct effect upon New York stocks,
was a powerful underlying influence by
reason of it's vital bearing upon the
whole financial problem
New York was called upon for only
small additional gold shipments to Ar
gentina. The relief was timely. in view
of heavy acquisitions by interior banks.
Berlin made high bids. however, for
money in New York. Bank reserves, as
shown by the returns to the controller
now being compiled. are unusually low
for the season, and it is agreed call for
ga ltiouS procedure