davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-02
Corn.

Prices for the year have averaged
above normal level, the crop of 1912
having been overestimated, and receipts
consequently inadequate. The high esti-
mates Of farm reserves on March ! turned
out 10 be cxaggeratons. and while prices
did not advance materially the market
held strong. In the late spring and early
summer there was considerable feverish-
ness. but on active demand and light sup
plies prices kept at a high level. and the
drop on the July report was brief. The
August report gave added strength to
prices, and there was an upward tendency
ON large deals until into the fan. when
there was q short check, due 10 realizing.
After the September report there was
much unloading, selling being Increased BY
importations from the Argentine. The
october report revived bullish sentiment.
but Il was checked by importations, al
though some of the Argentine corn was
not in good condition. A period Of spas
modic price changes followed until the
November report with continued light re-
ceipts at interior points. made short sellers
uneasy. as prices continued 10 tend up
ward Toward the close of the year there
were irregular and nervous price changes
but less activity, and when primary re-
cepts began to grow under heavy husking
returns there was less anxiety over De
cember contracts.
The result of the years developments
makes il plain that the consumption Of
corn in this country has grown far be-
vond the most optimistic estimates. and
at present there are Western points
where at the same price as wheat the
coarsor grain is hard to obtain. With
the reserve from 1911 and the crop Of
1912 inadequate for current needs. II is
easy 10 see that crop Of S.OOO'OOO.0OO
bushels I'm 1914 will be none too large
spot corn's highest WAS Soc. in Septem-
ber and its lowest SIC I'm January.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-02

ana mining companies nave either re-
duced their dividends or passed them al
together. while this has been the case
with but eight public utility stocks On
the other hand. there have been twent,-
four initial dividends paid by public utl-
ity companies and twenty-five cases OF
increased rates among them during the
year. When IL is borne I'm mind that the
investor buys for income. these figures
are of deep significance.
I'm view OF the doubt that is felt re-
garding the industrial outlook. il is OF
interest to recall compilations showing
the effects on earnings OF the business
depression that followed the panic Of 1907.
Comprehensive statistics show that dur
Ing the year tho net earnings Of steam
railroads decreased about 20 per cent
those OF representative industrias de-
creased about 20 per cent; whereas the
net returns OF gas and electric companies
gained about : per cent
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-02
Spencer Trask & Co.

Lack OF confidence was the keynote OF
the investment markets OF 1913. Wars and
threats OF wars caused widespread hoard
Ing, new borrowings by every government,
municipality and corporate enterprise
from China TO Peru depressed the prices
OF older issues. while political uncertain
ties produced an eager bidding for gold
abroad and In our own country q sharp
contraction in trade. This contraction
was due largely to the unknown effects
of the tariff, the fear that the new cur
rency bill would embody theories Of a
highly dangerous character. the Mexican
embrogliO and the apprehension of a radi-
cal attitude of the administration toward
the trust problem. Truly the path of the
investor has been rough.
What is going TO smooth IL? As the
year closes ii is receiving help from sew
eral quarters. Peace has at last settled
on the Balkans, the large military powers
of Europe are too busy preparing new
budgets to think OF new wars, and the
belief is gaining ground that the situa-
ton in Mexico will not call for our active
Intervention. Foreign manufacturers have
shown no inclination to food our markets
with Their wares: the federal reserve act
promises to give us the elastic currency
for which we have been praying for the
last quarter Of century, and so far as IT
has been able to do so the administration
has shown. particularly of late, the inten-
ton Of giving the trusts square deal
On account of the Improvement in senti-
ment which these events are producing,
and with easier financial conditions re-
sulting from the slackening in trade. the
investor now finds himself I'm position TO
secure high grade bonds on a basis pre-
viously ruling for securities Of very sec
ondary grade. This is his great oppor-
tUnity-not perhaps for instantaneous
profit, but for ultimate profit we are sure.
EUGENE j. KOOP.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-02
BANKS BUY MORE
PUBLIC UTILITIES
Big Gain in These Holdings as
Compared with Municipal
and Railroad Bonds.
BY BONBRIGHT 4 co.

Probably there is no class OF investors
in the country more capable and careful
in the selection of investments than bank
ing officers. and last months annual re-
port OF tie Controller of the Currency
shows that the banks throughout the
country increased their holdings OF pup
lie utility bonds le,a per cent WITHIN me
year These holdings showed 4 gam Oh
81 per cent En- two years. period during
which bank investments IN municrals III
creased less than one-third OF per cent
and those in railroad bonds actually de-
creased ~ per cent. These plain hsureS
dealing with capital actually invested tell
hotter than anything else OF the GROWING
ah.orption OF public Utility bonds. Dur
ing 1918 practically no increases OF I'M
portance were. made IN the DIVIDENDS %
railronds: and. with the exception OF
standard OH stocks. only very t'W
smone representative industrials. In TACT.
ror,v.two prominent railroad, industrial
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-02
DISCUSSION OF THE
NEW CURRENCY LAW
Federal Reserve Bill Has Rem
edied Defective Method OF
Check Collection.
By J. HOWARD WOLFE,
Secretary Of the Clearing House section OF
tine American Bankers Association.

The new bill is the first constructive
banking measure To recognize the impor-
tant part played by checks and drafts in
the financial machinery of the country.
The history Of banking has always been
a history Of note issue. and II is not SUI
prising that the greater part OF the re
cent discussion and criticism Of the bill
while II was in the process Of making
should have revolved around the function
OF note issue. While this function IL of
vital importance. the fact remains that
for every dollar Of federal reserve notes
used TO pay debts there will be $50 OF
deposit currency" or checks employed.
The events of 1907 gave shape to the
new bill, and one OF the experiences which
the general public remembers more dis
tinctly than any other. perhaps. Is that
the check collection machinery absolutely
broke down at that time, thus destroying
what would otherwise have been an inn
mense relief when specie was i'm such de-
mand. But where checks were collected
and liquidated according to scientific
methods, as. for example, in the Boston
and Kansas city clearing houses, no such
confusion resulted. We are not SUI
prised therefore. TO lind that the new
bill provides proper machinery for the
collection OF checks. which. when it IS
put into operation. will prevent further
disturbances i'm that direction
The exchange charge abuse has also
been corrected. While this charge. which
Is a just and proper one under certain
conditions. is continued, it is to he regu-
lated by the rulings OF the Federal Re
serve Board which will not only prevent
improper charges. but will have a ten
dency TO put them where they belong
At the present time the depostor I'm the
country bank pays no exchange, as d
rule. this charge being placed against TIE
city bank by the country bank, the city
bank. I'm turn, passing it along to the
city depositor The Federal Reserve
Board may fix the rate TO be charged by
member banks for renting and also the
rates which the member banks ma!
charge their depositors to cover actual
expenses" This will probably nullify al
rates now fixed by clearing house asso'
Citations. and the effect will be similar t6
that of railroad rates now subject to the
rulings of the Interstate Commerce Com
mission.
The federal reserve bill has corrected
what has been one Of the greatest defects
i'm our present banking systematic ar
chaic and unscientific method of cheek
collection.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-02
For the Future.

in the general liquidation during this
slump a large fresh short interest was
created. and although there are still pre-
dictions OF ll-cent cotton. IL should be re-
membered that prices here are below a
parity with Southern spot markets. and
on lp;urn o. a sharp nature is not an i'm
possibility. especially n the ginning fig
ures. due on January s. show heavy
falling Of from the December IS figures
as compared with the same period in
previous years.
There is a general feeling % optimism
IN the market tased on the belief that
ue business outlook Is better than many
pe0Glo would like TO have the general
prbiic think The change I'm sentiment
regarding the administration and the
Idea that many Of the bear elements nave
beer discounted also lead TO hopcfnl
views Of worlds cotton requirements for
Tie year and a belief that l2-cent cotton
will not be dear when consumption IS con-
sidcrcd
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-02
with Third Large Crop in
Succession Prices
Hold High.
GOOD PROFITS
FOR PLANTERS
Still King" as a Moneymaking
Crop-EnormouS Export Fig
ures-Some Sharp Changes.

With q total production last year est-
,.,cd az over ii.3eo.Oco bales, based on
ne governments estimate OF December
90 ~ 'la6-7.Oo5 bales, exclusive Of linters,
,bs second largest crop OF record. ana
.he third IN succession OF series OF
~scord breaking crops in process OF har-
.,stinc-in spite OF this fact. prices have
',,ied hich throughout the year. and the
,.,fst tradings were under excited ana
,.-,ous conditions. one feature Of the
,.sr.. business was the boom in prices.
oh,cb ran from late In July until the end
~ October and amounted TO more than
.,~ce cents q pound AS the earliest har-
vesiing did not begin until this rise was
VOL established. the early harvesters
-soned an advantage Of practically $40 a
hale and the farm average on November
, was over IS cents a pound. against
,aoc in 1912. SIC i'm 1911 and fve-year
average Of TIC.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-02
Some Big Figures.

The value Of the crop in the export
trade was 500 i3A0el from January TO
december =. which has been exceeded only
ev the exports for the same term OF
1919 when they were 1851. 1S6. SCI The total
value OF the cotton crop Of 1912. including
the seed and Sea Island. was 500 oOo
against SS5s.S4OO00 In 1911 and $3.50 10000 in
iq,0 and the crops for the three years
we're 10000. l4.O9l000 and l6,l09.ooo re-
spectivelv. making an aggregate OF a.
1900 bales OF 500 pounds each. or 200
an 10, hounds of cotton, of which only
l-Dcu bales were I'm the worlds visible
supply Al the end Of the last cotton year
on August 81. 1918
While these figures are stupendous'
they are equalled by the cOnsumptive re-
nuirencnts. A against "a 1912 crop OF
liegm0 bales. the takings by spinners
aggregated Tor the season 100000 bales
o. American 5.S35,S3o being taken by
American mills. compared with 4'4io.WO
consumed by English mills and l'S""'
by German spinners.
The Census Bureau estimates the to'dl
number OF active cotton spindles in the
world for the year ended August 81 as
ic.ss2C0o am increase of 3L77,Oo. or oo.'
per cent. in the last thirteen years the
total in the United Sttaes being S2.l4s6l"
on increase OF 566.92s over 1872 Domestic
Manufactured cotton to the value OF So
1851. the greatest amount in American
history was exported. including 444.72s'-iI
square yards Of cotton cloth but against
this there were imported foreign manu-
featured cotton goods aggregaung 500
g1- a. in ya1ue
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-02
REVIEW OF THE
CROP MARKETS
Small Changes in Wheat
ValueS-COrn and Oats
Touch High Figures.
Wheat.

There was little incentive for active
peculation in wheat IN the year just
closed. operators most OF the time werc
apathetic. and price changes were COM
oarstively small and kept close 10 a par
With international values. Fear OF dis
iurbsnces due 20 tariff changes were In
large measure responsible for this con-
aiuon, and for some time after the year
began trading was practically confined 10
sealpers. with the specializing puolic
looking on. but doing nothing. Weather
conditions ana crop prospects, with pos
s9iiiles OF huge exportsble surplus in
nesArgentine, however. caused an era Of
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-02
More Gold and Fewer Checks

lBy Telegraph to The Tribune.
Denver. Dec. 3l.-The Denver bank
clearings show s12,OO0OO0 decrease in the
year. The Denver mint report SHOWS that
Colon ado leads the world in bullion re-
ccived and coinage.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-02
Oats.

As with corn. the prevailing prices
for oafs have ruled at level too hish
for The buying element. and for much
the same reason the crop OF 1912 was
the predicted falling on
an cousumption expected from the IN
crease I'm automobile traffic failing 10
sho,y and the crop reports being unsat-
refractory. There was a heavy export
movement. mainly In Canadian oa's'
which did not affect this market Dry
o,d hot weather resulted In the August
report being bullish. but the buying ele-
-, was forced To be conservative by
fear of al influx OF Canadian oats. DC
casiopaly there was pressure TO sell
bu, on the whole the tendency for the
ar was conservative. with no impor~
tapt declines in values. The October
renori had slight weakening iendenecSHo,
80 IL suggested crop OF l'i--i"o,voV
I,sLels which was an increase osrl
nTeyious figures The high spo' pIlSt,
was soc. IN September. anu the lowest
42Ac, in March
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-02
THE TICKER'S RECORD FOR 1918.

1913 amounted TO
shares as 1299279 during the year s2 Below
low the active stocks
VIII shares during the year to-
other Interesting data
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-01-02
How the Market Acted.

Starting with an acreage about mill
ion In excess Of the PREVIOUS crop favor
able weather conditions. a comparatively
small area Of abandonment and trade
conditions which gave rise 10 estimates
that prices would fan below 10 cents. pos
gibly 10 cents. bears had things all their
own way until late in July. when period
OF hot. DRY weather set in which ma
feriaily reduced the possibilities of the
crop in the Western and central belt
and started a wave OF speculative buy
inc which sent prices up from II cents 70
over 1874. cents, with the trade greatly
excited. This condition continued until
Labor Day. when rains sent prices down
d little. but more had crop reports started
them up again. the range going over Il
cents for some deliveries. Spinners both
hero end abroad became scared and
made such calls for actual supplies right
through the advance that nearly one
third Of the crop was sold ahead. either
direct or through hedging operations.
Conditions were such that when specuia-
tors began 20 liquidate. about the middle
of November. they only forced prices off
about a cent. hut just then a couple Of
excessive estimates from good authorities
e., traders guessing by the size of the
crop they predicted. and after a little
hold-of the market began to slump.
The governments December crop fig
ures caused a slight rally, but the ginning
figures Of the 18th showed such a big
yield that the bottom fell out Of the mar
ket. and the lowest levels since July
we're reached. with sentiment changed
around 60 the bear side.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1914-04-29
Woman Attacked by Negro.

Petersburg, Va. April ga dar-
ing negro, who is well-known to the
police, called at the home Of Mrs
Mizelle on Har;ing street on Monday
night to see woman who is employ
ed as a servant in the Mizelle home,
and upon being informed that tine
girl was not there, he became enraged
and threw Mrs. Mizelle aside and en-
tered the house. Mrs. Mizelle In
falling struck against the door fac
ing and was somewhat hurt besides
being terribly frightened. She scream
ed for help and the negro ram off and
his not been seen since. His cap
ture, however, is inevitable, and un-
loubtedly severe punishment will be
melted out to him.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1914-04-29
COURT. MARTIAL COMPLETED.
Accused Musicians Plead Not Guilty
to Charges of INSTRUMENTATION
And Mutiny.

Richmond, Va, April 29-The court
martial of members of the Blues
Band on charges of insubordination,
mutiny and refusal to obey orders,
preferred by Major E. w. Bowles,
commanding the Blues battalion has
been completed. The Fittings OF the
court will be forwarded to Governor
Stuart and will not be made public
until the chief executive has passed
on them.
All of the musicians entered pleas
of not guilty. Officers of the band told
the court that they lid not regard the
order to report at the armory on the
night of February 2 when the Blues
gave a dance in honor of the Vir-
ginia Military cadets, as a military
one.
They regarded it, they said, as re-
quest, and it was brought out in the
testimony that the order was not IN
written form but was a verbal one de-
livered by Major Bowles to Sergeant
Slaughter to be delivered by Slaugh-
ter to Bamimaster Colivata.. Both
Drum Major Cans and Bandmaster
Colivata told the court they would
have had the band present had it been
for military duty.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1914-04-29

. NEWS OF THE OLD DOMINION :
Observation-Disclosures EIl
AINsLIE DEFEATS UMLAUF.
Carries Every Ward in Landslide
Total Vote Cast 8,167.

Richmond, Va, April 29.-Polhng
more than twce the vote Of his oppon-
ent, Mayor George Ainslie was nominl-
ated in the city primary yesterday
to succeed himself in office, by a
clear majority Of 2,736 votes. The
Ainslie landslide took the city COM
pletely by surprise, the size of the
surplus exceeding by at least l,2oo
votes the claims made by his campaign
managers on the eve or the election.
The mayor carried every precinct
in the city except the second and third
precincts in Clay Ward. His strength
in Councilman Umlauf's own terri
tory was the marvel of election day.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1914-04-29
HELPLESS As BABY
Down in Mind Unable to Work,
and What Helped Her.

. Summit Point, w. Va.-hl,s. Anna
Belle Emey, of this place, says: 81 SUI
tered Tor Is years with an awful pain in
my right side, caused from woHanly
trouble, and doctored lots for if, but with
out success. | suffered so very much,
that | became down in mind, and as help
less as baby. was instile worst kind
OF shape. Was unable tc dc any work.
! began taking Cardui, the womar's
tonic, and got relief from the very first
dose. BY The time had taken IL boz
Ties, my health was Completely restored.
am now IS years years old, but feel as
good as | did when only 16.
Cardui Certainly saved ME from, losing
my mind, ard | feel it my duty to speak
in its favor. wish | had some power
over poor, suffering women, and could
make them know the gooG it would do
thenl.''
Ifyou suffer from any of ti1e ailments
peculiar to women, if will Certainly be
worth your while to give Cardui trial.
It has been helping weak women for
more than so years, and will help you,
loo.
Try Cardui. Your druggist sells il.
WRITE 10: Chattanooga Medicine Co.. Ladies'
Advisory DEPT. Chattanooga Tenn. for S,eei:y
LssfractionJ on your case and 6+-page book. Home
Treatment for Women." in plain wrapper. NC. l2I
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1914-04-29
CAMPAIGN IN THE NINTH.
Strenuous Efforts Being Made
TO Have Citizens Qualify
To Vote.

Bristol, Va, April 29.-The Demo
Gratis Of the 9th Congressional Dis
trict Of Virginia, which embraces a
part Of Bristol, are making careful
preparations for the fall campaign,
with the hope Of redeeming the dis
trict, which has now been held by
the Republicans through Congress
man c. Bascomb Slemp and his faith
err, the late Colonel Campbell Slemp,
for many years. The Democrats are
expecting Siemp not to again be in
the rare, he having r1iore than once
declared his purpose not to run.
The matter that now concerns both
parties most, as indicated by Repun-
lican activities and by lengthy con-
ference held here between members OF
the democratic committee and county
chairmen concerns the payment Of poll
taxes. The voters have only until
May 1, to qualify by paying their poi
taxes. During the next two Gays
strenuous effort will be put forth with
the hope of qualifying all voters OF
either party.
The Republicans are at the disad-
vantage this year of not knowing lor
certain whether it IS going to be pes
sible to bring about working ar
rangement between them and the
.progressives. Both are agreed that
success depends upon whether or not
they unite against democracy.
r. Tate Irvine, the Democratic
nominee for congress, has been in
Kentucky for few days, having been
called to that state on account of the
death of his father.
The Republican convention to no1ni-
nate a candidate will not be held until
July 8. Many express the belief that
Slemp will again be nominated.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1914-04-29
ASHORE ON THE COAST.
Life-Savers Board Vessel, But Crew
Refuses to Leave.

Norfolk, Va, April ga ship re-
ported as the British steamer Argo,
Captain James, from Progresso, for
Philadelphia, went ashore last night
off Oregon Inlet, on the North Caro-
lima coast in heavy fog. Life-savers
boarded her little before midnight.
According to a message received
by Observer NewsotrS at Cape Henry
over the coast guard wires, the crew
refused to leave their ship. There is
a chopp y sea running and the steamer
is we'll on the beach. Wreckers will
leave here in the morning 20 go to her
assistance
One message identified the craft
as the British steamer Arrow, but no
such boat appears in Lloyd's marine
register.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1914-04-29
CONFEDERATE VETERANS REUNION.
JACKSONVILLE, FL ORIDA

Tickets on sale May 3, 4, 5, 9Th and 7th good re-
turning to reach destination prior to midnight May
18th, 1914.
Extension may be obtained by deposit of ticket
with Special agent q East Forsythe ST.. Jackson
VILE Fla not later than May l5,a 1914 upon pay
ment of fee of SOC. .e."."l
Stopovers allowed in both directions. --
Side-trps from Jacksonville at Ne1ylow rates to !
all Florida, Georgia and Alabama points by apply
ing Atlantic Coast Line Ticket office, l3S West Bay
street jacksonville Fla Tickets on sale May 9Th to
10th limited to June End, 1914
A splendid chance to visit Florida at unusually low
rates Three trains daily, 3.22 P. NJ, 9:57 P. NJ,
4:37 A. NJ. Daily.
For any information, address
GEO. P. JAMES, D. P. Agent
1906 New York Ave. Washington, D. c.
ATLANTIC COAST LINE
STANDARD Railroad of the South.)