The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1914-05-30
STOCK MARKET
SLOW ANDDULL
Canadian Pacific IN Decline.
Reading and Mop
Show Strength.
TREASURY WRITES BANKS
'D.tailed Daily Reports in June.
Washington cIeaninss Gln-Lo-
cal Bank Optimistie-
Nv w. sTEALEY.

Ne Inactivity preceding today's holi-
day was manifest on the New York
Stock Exchange yesterday.
Another poor day was encountered.
ssIes amounting 10 1ls,e0.
Tne market held fairly steady In the
face of adverse news.
canadian Pacific was made the basis
II : bear attack on the sinking Of the
Eerarress of ireland. The stock has been
vary strong this week. closing Thursday
II 10 81 It closed down 31-4 points yes
ssr.zy.
reading and Missouri Pacific were
strong spots in the market Reading
closing 1856 Missouri Pacific closed at
isS-4 a gain over Thursday. In the
hone that the company gdii be able to
arrange its financing due Monday.
on moderate amount OF activity, the
market during the morning generally was
easy all around. The enthusiasm in re-
gard to Mexican mediation seemed to be
uubsiding and the announcement that
M Wilson will insist on trust legisla-
tisn at this session was not calculated
to enthuse the bulls.
Some small further engagements Of
gold for export were announced, but had
NO effect on prices There has been no
liquidation of Importance, but the market
ruled slightly below last nights close.
Treasury Asks Information.
The Treasury Department has mailed
to national banks throughout the country
hank forms, which must be hlled In dur
ing every day of next month
II Is stated in the form that the data is
desired primarily for the benefit Of the
reserve banks now in process of organ
ixation
The daily statements, which must be
made under oath, will entail considerable
additional labor upon the banks.
The number of items and the amount,
for example, must include the following.
among others: Checks on own banks re-
eeived for deposit over counter, checks
on other local banks received for deposit
over the counter; checks and drafts on
outside banks received over the counter
for deposit; checks on local banks re-
ceived over counter in payment OF ma
turing notes and drafts and checks not
collected through the clearing house;
checks on outside banks as above; specie,
national bank notes, United States notes
and Treasury notes received locally over
! the counter for deposit and received over
counter In payment of maturing notes
or in payment of drafts and checks not
collected through clearing house and re-
ceived in payment of clearing house BAL
ences.
In addition each bank must render daily
data, itemized by States. on specie, ma
tjonal bank notes United States and
Treasury notes; checks and drafts on
local banks and drawees; on outside cities
and towns; foreign exchange; checks and
drafts drawn each day by the bank for
exchange to customers and correspond
.nts; on banks bankers and trust COM
panies in other cities and towns, and
amounts shipped to outside correspond |
ants.
Commercial Nationals View.
There are many things in the outlook
which Indicate that an interesting change
Is near at hand with prospects Of bet
ter business. greater investment. conf !
: So ara increased optimism among the |
asopia gllerally," Gays the Commercial
National Bank in its digest of trade con-
Lfas lssued yesterday
Use ement continues:
'Ti Up prospects are brilliant. and |
ar'saSs ~ signs fail there is reason to |
Hsii, nat the country will have a I
sufnper cid of wheat this season. with |
: sadSs. cory foreign demand for what |
ever Surplus there is to spare. This will |
aisar aa important addition to the ma
titn' wsalth. and will have an i'm
n'erse influence upon business revival |
zl-1 tue things which make for |
the prosperity of tire RAILROADS.. There
never was a year when crop conditions |
were more favorable than they are to-
day. and while great deal may happen |
to change the situation between now
and harvest. the point to remember Is /
that the outlook is full of promise.
This is highly encouraging at time
when people are apt to take a gloomy I
sfsw of the outlook merely because Of i
The disappointing things that have hap
pened and are really past and gone. The
-sart is that good deal of bad news has
been discounted, and there il no reason
Why people should live in the past and
disregard what is ahead. The chances
are thar the Mexican situation VIII be
sleared up satisfactorily before very
long Occasional setbacks may be en-
sountered and the peace delegates may
have difficult task. But in the nature
Of things. the situation in Mexico can
not continue indefinitely and II the rebel
rorces gain few more victories 1t is
seasonable to expect that Gen. Huerta