davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1914-11-14
NEW YORK COTTON.

New York. Nov. a-Fhs Neg York cotton sx-
change WiIpreSume its functions - Monday morn
ing and trading viii begin At the usual hour.
This determination Of the board Of mhnagsn vas
the result Of 4 meeting held this morniIg- The
announcement vas reesiTed on the hOor o n eI-
change with unanimous acclaim and satifActioh-
Bids for seats, On the exchange during the fore
noon rose NdSSs0o with ofsrinEs Of linited num-
Der at Sll 0Oo and holders demanding higher prices
Limited contract trading Is slEEested hy the
management, no new trades being looked upon
with favor in December and the new Federal
regulation bill goes into effect In February its
provisions will be Anticipated and observed By the
adoption Of the new contract provided In the new
rules for trading in January and in the months
ne New ORLEANS eottud exchange aIso win re-
sumo operations on Monday following G/resolution
passed today by its board a Manager.
With the Liverpool exchange already in operation
the cotton markets Of the world are now on the
eve Of establishing market for raw material which
viii extend throughout the remainder Of the sea-
son.
The worlds bankers hereafter VIII have standard
prices upon which to base loans and discounts on
paper based on cotton and on cotton goods. The
worlds spinners win have q pTice basis through
their output can be safely made and their pur-
chasing power largely increased without denAnds
for capital involving full inIeEtmeat In raW ma
terial Speculation and investment win supple-
naent for actual demand for material and mini
mize tbe Emount Necessary for carrying the sur
plus Il the crop into smother season. r..--.-..
Today's actual markets were ven steady with
quotations perhaps the highest since the low levels
Of a month ago. Contract markets were quiet,
Liverpool quoting middHng cotton at ASsd with
sales oS 700 bales, MEyJune futures in that mar
kst were quiet, closing At 4ae3+d for niddling
In New York unofficial quotations for DecembG
delivery were made at 80 bid TO T.53 asked.
ballot was held today through which z, 80
bales Of December contracts were iEquidated. OF
this amount l,9o bales were sold b. tndiTiduais
and firms and q 30 bales by the new cotton trad-
ing corporation in liquidation Of contracts taken
over for final disposition. P1ces rEnged from l2c
TO Isl the last being the minimum price agreed
upon for the settlement
The Washington herald., 1914-11-14

tries this week, compared With Gl6oos bushels III
Iretiona week, and 2ten bushels for a llks Dsrios
cable from Liverpool which probably pls IN
tended 70 drive the holders q wheat 10 the unltet
States into line claimed that India would ahiI
more freely and that next weeks outuHrd move
ment is Dlaeed at Boao bulhelN That counlrl
being an Englirh possession, Great Britain VII
pay higher prices for its grain than any other i'm
porting nation can aford 10 pay.
The claim made. b. ths agricultural bureaus o.
Western Canada that the wheat n country elesa'
tors. As well a. on the flrns is down 70 bed rook
il shown b. the small rDoeipts at wmnipeE, d
the total there today being only 81 cars, comparec
with - can for The corresponding day last year.
Winnipeg rsported excellent business IN easn
wheat on export account today. Liverpool was
unchsnred for futures while spot was unchAnSel
to la higher Export sa1es Of wheat IN ~
positions were 2uooooo bushels, ineludins so.aol
bushels At Chicago
Bear in wheat continue to sell frosly cn ever
hard spot developed and in the sbsencs Of out
sids buying thers il but course for, prizes for
futures and that Is downward. Speculation Is
snail but the cash trade continues on an almost
unheard Of scale. II is believed that the open
and that forsignen are the largest owners o. that
option. Corn was II 70 Sc lower In sympathy
with the decline In wheat, coupled with the ex-
eeIlent weather for The curing Of the new crop.
as well as for field work and noEenenti Ths heavy
and general rains in A1entinA which are tasoraois
for the gT0Wing crop was also taetor In ne loeai
market
oats closed With Losses Of Y to Ne The weak
ness toward the close Of the day was in sym-
PATTY with the break in wheat. the market On
the whole showing considerable independent strength
Cash trade fairly active with sales OF lI5.oo
bushels, Of which 900 bushels were for export.
power while the offerings Werf larger. Prices
were lower with grain. The buying was led hy
brokers believed TO be acting for the larger pack
ers. The cash trade was fair. Close:
The Washington herald., 1914-11-14
WEEKLY REVIEW OF TRADE
Export Trade Only Shows Growth but Optimism Is Evden,
IN All Marts Money Is Distinctly Easier andlnaugura-
ton of Federal Reserve Bank System Monday
VIII Improve Conditions Greatly.

New York. Nov. 1z-Dun's Review to
morrow viii say:
Trade. except for export, shows little
growth. and the output OF important In
dustries Is stu much below the normal.
yet the Improvement In business senti-
ment, that has been 30 marked during
the last two weeks, Is expanding steadily
and has been strengthened greatly by
the Developments Of the last few days
The machinery OF the markets Is be-
ing repaired rapidly. and with the i'm
mense increase In exports, which tends
to restore a normal trade balance, and
the better control now being exercised,
the foreign exchange market II ap-
preaching q point where II Is no longer
a serious menace.
Money Is becoming distinctly easier,
and the reduction In the amount OF legal
reserve as q result Of the operation Of
the Federal reserve bank system in New
York alone viii release about ti0oooo.oro
gold. Clearinghouse certificates and
emergency currency are being retired
rapidly. Further restrictions are remov-
ed In stock trading, NRd curb quotations
are now published, all ,of which srS-
gests the early resumption Of business
on the exchange itself.
CAS- to trade conditions, on one hand,
In all departments where there is q
foreign war demand tor Iooospuits Ano
war supplies. there Is large activity. On
the othet hand. in all departments de-
pending solely on domestic demand.
there Il greater or less eurtaiiment, the
result FIRST Of the checking of enter
prise on account of the doubts produced
by war. and second OF the depleted -pur-
chasing ability Of the railroads. Rail-
road gross earnings during October de-
creased l2.3 per cent The iron and steel
output Is at about the lowest record
point, but q more hopeful sentiment pre-
walls. The wooden and cotton mills are
running fairly well, chiefly ON foreign
orders. the domestic demand being very
irregular. Wool Is hrm on supply con-
ditions. The war demand for shoes keeps
up. The foreign call for wheat has es-
tablished export figures in excess Of last
year. Winter wheat weather Is excellent.
The outlook for cotton is improved. and
the local cotton exchange is to be open
ed next week"
The Washington herald., 1914-11-14
OIL STOCKS.
Punished By ". B. Hibbs 4 %.
NEW YORK PRODUCE.

New York, Nov. B.-MLLFEED-F1at; demand
light. Spring bran. in loopOund sacks MS, to ar
riVe; standard middlings, to arrive. 800; Western
red dog $50; winter wheat, IN lm-pound SACKS. tc
arrive 5.7OE city bran, in bulk. S.n
RYE FLOUR-Strong; trade hindered. Good tc
choice, 5soa5.S.
CORNAIEAL-F1at; trade d moderate. Kiln
dried for export. $40. in sacks; coarse meal. in
bags L6z1.S
BUCKwHEAT FLoUR-stsady; choice solds In
small lots at 24Oa265.
HAY-ReceiVts, So tons; weak; demand is quiet.
Prime timothy, Is; No. ! timothy. In; No. Z
l.lo: No. ), LOO.
sTRAWLReceipts.. 50 tons; finn; trade light.
Long rye quoted at 65S75
PoRK-Steady; light tTade. Mesa. H-maZL9
family. Aooz2650; elear, 2ool5l0.
BEEF-slOW, scarce. PScket. 3.UG2Loi family.
&.0z5m
LARD-Iuesular; business limited. Prime West
EN-, u.s5; refined cuutinent l2E; South AnGican,
l26; refined BTRziliAn, in keEs. B66i beef stearne.
3; lard stearine, dull; New Tork, u&-
The Washington herald., 1914-11-14
BANK NOW OCCUPIES
IT'S NEW QUARTERS
Officials Of Washington and souE.ern
Meet with Many Evidsness Of
Kindness on Renewal

me removal Of the washiuetsn A
southern Bank to its new quarters. a.
joining the New willard HotSI 4 j.
street. was the source Of many pIes-ant
svidanceB Of kindlinsss ana rood vin
yesterday to the presidsnt and stsR of
Although the announcements of tho
banks intended removal from fts sorns-
what cramped quartsrS In q gtraef e
It's new homo had been made vsrV osfaa-
", the spacious once was Kay With au-
perb baskets OF flowers sent In By ds-
positorA
A great many friends Of the bank ard
its oficers and directors called 10 ufsh
the bank good luck. Among the alstfn-
guished visitors were Sir Georgs Paish
and Basil R. Blackett Of the Britiah
treasury. Although both men have an
exceptionally wide knoWisdge Of bank
architecture and arrangsmsnt they Wsrs
loud In their praise Of the graoeful ara
pleasing effect OF the banks Appearance.
One OF the oft-repeated phrases waD
welcome back home" given to PEesf-
dent TAFT In ailusion to the. fact that
while manager Of the international Bank
ing Corporation he had occupied the sams
premises four years ago. Nsa
The Washington herald., 1914-11-14
FRIDAY, 18th, WALL
STREETS LUCKY DAY
Heavy Business Done in Securities.
Curb Market Formally Opens
Next Monday.

New York. Nov. 12-Friday. the thir.
teenth. proved to be Wall Streets lucky
day. For the irst time since the blight
Of war fell over the financial world,
there was optimism. cheer. and most i'm
portant OF all, actual business done in
securities today in the banks and broker
age Offices. The sunshine Of confidence
broke through the gloom Of despair and
everybody In the financial district cheer
ed up.
The curb association that meets in the
middle OF Broad street decided in the
early morning to have a formal and ON
cal opening at 10 q. m, but on second
thought OF the day and date they voted
70 postpone the ceremonies until Mon
day. Nevertheless. the brokers plunged
In for the biggest days business In un-
listed stocks they have had in three
months. but every man crossed his fin
gers to guard against the hoodoo's return.
Standard on shares were the favorites
for trading, closely followed by mining
shares and industriaIs like Cigar Stores
and Riker-Hegeman. The tendency Of
prices was decidedly upward and there
was actual demand for stocks.
Over In narrow New street, where the
gutter market does its scalplng business,
Inefe were reports or transactions, with
real money passing, in various stock
exchange securities, which are supposed
not to be sold by board members under
closing prices OF July 30 United States
Steel common. the last day the exchange
was open, was quoted at 505s. Since then.
IN New street, It has sold down TO 81.
but today there were bids OF 475S re-
ported. lN
Governors Of the cotton exchange voted
at noon to open their exchange Monday
at 10 a m
Investment bankers and brokers re-
ported the most encouraging demand for
securities they have experienced In a
long time. Public Utility stocks and
bonds were noticeably the favorites and
a great variety OF them were negotiated
over the counter and by telephone.
Money rates were easier and borrowers
had less difficulty in securing accommo-
dation.
Bid and asked prices on the curb follow:
American Marconi. -HSa2N-
Anglo American on, 15a15lz.
Atlantic Refg.. +esa5os.
Braden, 5Ia5lz.
British American Tobacco. new, l5hal6.
British Columbia Copper. ha1-
Consolidated Arizona, pSAsk-
Continental OIL, 15a2o.
The Washington herald., 1914-11-14

| New York. Nov. -Bradstreet's tompF-
row win say:
"optimistic sentiments continue tc
spread, without however. greatly quick
ening the pulse beat Of purely domestic
trade. In fact large basic developments,
those that eugur well for the future, are
more prominent than are actual domestic
orders, which continue to appear At 3
slow gait. and aside from the stimulus
afforded to certain lines by foreign buy
Ing. the pace OF industrial operations Il
very slow.
but clouds are passing from financial
skies; the actual Inauguration OF the Fed
eral Reserve Banking system on Monday
next makes for q further rise In optimism.
money 10 easier. foreign exchange is
again at, or close TO, normal clearing
house certificates are being retired, the
Influences generated by huge exports are
expected 10 offset unfavorable effects OF
potential LIQUIDATION by foreign holders
of American securities, resumption OF
trading In and enlarged exports OF cotton
tend to dispel depression In the South,
while high prices for cereals make for
better collections and large bank deposits
In surplus growing regions. in which sec
tions funds will be spent when fan farm
work Is finished. restrictions upon trading
In stocks and bonds are being removed.
and. all in all. the signs points to q
rather distinctively forward movement.
at the same time lack Of employment
divests many Of purchasing power. and
this fact coupled with unseasonably
warm weather. retards retail trade. which
In turn, renders recorders negligible at q
season when there should be a large
movement from jobbers. However. stocks
are not extraordinarily heavy. thanks to
d long prActiced policy Of buying for I'M
mediate needs. On the other hand. there
are enough checireins covering credit
conditions and backward demand caused
by unreasonable weather to maintain
conservatism in various lines, including
building, railway buying and commit
ments for spring. business for that period
being 6low to come out. Incidentally,
holiday orders are light. except in some
Of the cereal crop regions, and In those
centers trade IN this respect Is increas-
ing, the volume being In excess Of last
year"
The Washington herald., 1914-11-14
REAL ESTATE TRANSFERS.

So rs It z 4 pt II 3-AMos, Henry P ct uI
Lula to Jacob N Stein. 80. subject to right OF
81 "a 80 S ii i. ; g. a-ARMoUR. Rob. to ia, 3 3
Lanbis SO
tlso4os Q st nwl
So ss6 Ii lo-BYERs. Jno s ct W Man 10
Dan1 A Sullivan SO sub to right Of way
tcor 10Th & d sts SCI /
So 2S5 1t IL Padsworth-BEYER, Victor tr under
will Of Hattie Belmont and Everett Mad
dox lAgetee under aid win TO Thurston II
TrueWOrthy so r $3.50
So I5 It iSs-cIARK. Mlry W ct viz Austin
to Howard NJ Etehison SO
tIsth & RiEEs SIS nWl 70
81 ssI It 50 biz 4 wash'n Hts-rrcHIsoN,
Howard ct uT ClHra K to MHry W Clark SO
IN Of st. W Of 18th st nw) II
So IS 1t l<-sEms to JnO T Knott so n A.zo
ClSth & RIGS SITS nwl u
So 100 1t 2IFIsHER. Fannie to Dan1 Frssmln
So SIS pts org Its 4 S-FowIEA Edw e1r
under win Of MargarethA weidsmAnn to Casario
FalcoDs 500 sub to- rsht Of way
So s53 pt org Its Is is-FoRsr. Morris ct VI
Clara to Purity Paper Bottle Co s tr e.op
CSEl Cap sO 3
Good Hope Pk orE Its to 4. u-GREEN.
oai.n Z TO Martha A MaySs so u
So ~ 1t lS-KELLY. Frank B Ct VI csrris n TO
Harry Wilson SO trust 500
(Fla ave bet l3th q lAh 81 uWl -
So $50 Il ia Lanier Hts-OBRIEN, Margaret A
10 Chas W King Jr so
On Of Lanier Pi, W Of Ontario I'd nWl N
So E3 1t bEk Buena vistA-PARKER, saIlis N
own night to Chas II Armstrong so
lcor 18th 4 Frankfort sts eel 81
So 80 It e-SIM0Ns. Theodore 7 q NJ Mahsl q
TO Jno Garter so u 900
chs 10th 1t nWl sl
Sc 5Ss II sec Bany Fsm-sowERBUTTs.
Elizabeth ct al heirs. etc sanT sovsrbutts 10
Arthur Dorsey so 81
So &ll y blk InEieside-sTEIE. Jacob N to
Henry Amos 80 SUB to right Of way 4 core
lnsnts
On q Pk I'd, W q 18Th st ux) 0l
So 20 west pt Il 6-sPRINGMAN. Elizabeth oil
10 GnstETs " Forsbs1 SO
(Rear q bet eth 4 IN Sts GHl 8I
So BR Its 10 q blk . Col Hs-TAILAYERRo,
Sydney 10 Helen N q Juliet Wmians
joint tenants 80 covenants & tr a.0o
On Of Euelid 4, W of uth q nv1 oil
81 0B It q bIk Whitney Cloas-TERRELL, Wm
; n Ct ux Laura to REGINALD 3 Fsnnar us y |
GUs
On z kenyon It, \ q Waraz 4 Hsl ~
The Washington herald., 1914-11-14
HOUSECLEANNG
TIME In WALL STREET

(copydsht, 1914, by @. N. Keys. New York;
In the last week Of october the head of
a big bond house in New York was asked
whether his house had done very much
in that month.
''Oh, yes" he said, I'VE have been very
busy. We have been housecleaning."
The phrase describes very accurately
the activities of the whole financial
world during part of September and the
1901 has there been a period in any re-
spect like this period. Up to the close
of business In July these great bond
houses, which do both a wholesale and
retail business in bonds, had been active
Their big organizations, embracing In a
great many cases scores Of agents ana
salesmen throughout this country and
Europe, had been selling in small
amounts the bonds underwritten In large
amounts by the home office. There had
been no particular occasion to stop the
rush Of work in order to attend to various
other matters Of business that accum-
ulate during the manifold activities Of
such an organization.
The banks have been loaning quite
freely to all these houses In order to en-
able them TO carry their bond business.
There had been nothing more than the
ordinary scrutiny when such houses had
made applications for loans in large and
small amounts on the securities which
they handle. When the wheels Of finance
ceased to revolve the selling organiza-
tons Of these houses were stopped dead.
In most cases salesmen were called in
and In many cases they were laid on,
either entirely or on half pay, or were
given extended holidays. The real busl-
ness Of the big bond houses became a
series Of negotiations with the banks in
respect to loans, margins, and other de-
tails Of the banking business. Even In
this department there was not much &C.
tiyity, for the simple reason that the
banks did not azk for additional margins,
for the deposit Of additional securities
The Washington herald., 1914-11-14
DONCS OF SOCIETY.
CONTINUED FROM PAGE FouR.

L r
ter Of Mr.. and Mre Samuel walker
formerly OF this city and now residing
In Seattle. WASH. ana Mr.. Henry D
Henols. also OF Seattle. where the cou
pie win live.
Capt Wright Smith. U. s. A.. and Mrs
Smith. win be at the Hotel PoEhatar
during their stay In the city.
Mrs. Clement A. y. FIasIer. wife oi
Col Fiasler, entertained at a luncheon
and card party yesterday for Mrs. Fin
ley, wife Of Col. Finley. The other guests
were Mrs Anfell. Mrs Butler, Mrs. Hun
ton. Mrs. Woodruff. Mrs. Leitch. and
Mrs. Armstrong.
Mr.. John Barrett. director general Of
the Pan-American Union, entertained Al
luncheon yesterday at the Shoreham
when his guests were the Minister Of
Guatemala, the Minister OF Nicaragua.
the Minister Of Costa Rica, the Minister
Of Honduras. Hon. J. q. calvo. former
Minister from Costa Rica; Mr.. William
Heinke, Mr.. Justice Medal. and Mr..
Yanes, assistant director general Of the
Pan-American Union
The first Of the Saturday night dances
OF the Washington Country Club in
Virginia WIN be held November q.
The other dates selected are December
5 and 70 and January 3
Mr.. and Mrs. George Grant Porter, Of
New York. will be at the Hotel Powhatan
for several months before leaving for the
South.
Mrs. z. B. Grandin and daughter, Miss
Alice Grandin. Of Washington, are stop
ping in New York City.
Mr.. George s. Cooper. Mr.. J. n. Doran,
Mr.. and Mrs. F. Conway, Mr.. L w. Cha
ney, Mr.. and Mrs. C. II. Thomas. and
Mr.. A de Gurrowski, Of Washington,
are at the Navarro Hotel, New York
The Edgswood Dramatic Society will
give Hazel Kirke" at the Gonzasa Play
house. in North Capitol and streets, on
Thursday evening. November 10. for the
benefit Of a scholarship for blind students
In Trinity College. -.
A bazaar for the relief OF the Belgians
will be held this afternoon from to Z
o'clock at the home OF Mrs. Wilmot Har-
ris. 3OoI Dent place. This bazaar Is the
result Of the work and enthusiasm OF the
young daughters OF several prominent
Georgetown families
The Washington herald., 1914-11-14
NEW YORK MONEY.

New Hork, Nov. I2-Ths local money market Ia,
definitely entered upon a stage Of aI-around re
laxAtion In few instances call money TeneWah
have been marked down from Per cent 70 81 De
charge. But other lenders are shortly expected
to follow suit and place the ean market on
general 81 per cent basis.
Honey hroken declare that new strict call noneJ
could Be secured at even per cent II there va,
any demand for IT, but borrowers naturally hesitatI
to enter into such commitments until condition,
show . Ereater impF0Vement. In the time moueJ
market Ar1l and March mzturities have been
reduced from 81 per cent to Sx per cent
The trend Of Commercial paper rates eontinns.
downward. Their range extends from Ek per cent
to 81 per cent for prime names. the maturity
being the Determining factor. Therg b No abaie
ment IN the Absorption By the local institutious
Note brokers have br1nched out into the banl
accsptAnee business. and are Offering bills st
rates nnCing as low PER cent, according to thr
standing Of the accspting bank Or hanldng hcusA
The Washington herald., 1914-11-14
CHICAGO GRAIN MARKET.

Chicago, Nov. I5-The Yankee farmer couttnues TO
nave clear road in the export wheat business
Argentina shipped only 900 bu hels this week.
which is merely handful compared with the ship
ment Of $500 bushel. from that country for tbs
corresponding period last year. There IL now N
20 900 bushels Of wheat which represents. II Is
bslieEed all the grain in the open" therA
great deal Of it Is TO be sold for export.
The Washington herald., 1914-11-14
0. 5. Lift Ban on Book.

It has just become known here that
the present administration Of the Navy
Department has admitted to the ships
libaries of the feet a book on the
Philippines written by Judge James H.
Blount This book, which attracted
some attention q few years because Of
the virulence Of the authors attack on
william H. Taft's work as govefnoy-gen-
eraI Of the Philippines. was barred from
the navy on this account by the former
administration.
The Washington herald., 1914-11-14
Catholic o. Fets Postponed.

The jubilee celebration OF the twenty
fifth anniversary OF Catholic University,
which was to be quietly observed At the
university in Brookland yesterday, has
been postponed until May. 1915, in order
that the three American cardinals. Far
ley. o'Connell and Gibbons, may attend.
Representatives OF all the big universities
OF the country will be invited, and there
Will be q grand reunion of the alumni
The Washington herald., 1914-11-14
Plaza Commissioners Meet.

Attorney General Gregory and the new
Iy appointed plaza awards commission
met yesterday. The Attorney General
gave his opinion as to the duties OF the
are expected to be in the Southern
Building.
The Washington herald., 1914-11-14
WASHINGTON PRODUCE.

Quotations given below are for largs lots q sood
marketable Eoods only. Jobbers' pries ars hiehg
Lower n1des may b sold for lesA Fancy BoodI
Commanded higher prices.
Although there was apparent Hghter receipts q
liFs stock and poultry yesterday and hiEh rricl
peE1ilsd gsnenIE, ths na-kst vas quiet Ms