davidaulloa/AmericanStories huggingface dataset:
Evening star., 1914-07-26
COTTON MARKETS.
NEW YORK.

NEW YORK. July 25-Pronounced
weakness developed in the cotton market
this morning as a result Of decidedly
lower cables, reports Of good rains in
Texas and the gravity of the Austria
Servian situation. The opening was Is
to 20 points lower and from this level
the market sold off a couple of points
1t gradually hardened until at the close
it was steady and 13 to Is points net
lower.
The Texas showers furnished quite a
controversy, as some private dispatches
reported rather general rainfall over that
state and Oklahoma, while others in
sisted that precipitation was light, es-
pecially in the largest producing sections
of the state. Omcial weather details
an average of .39-inch and points in
Oklahoma with an average of .25-inch.
AS the government forecast was for
partly cloudy conditions in the western
belt over Sunday, omitting any reference
to possible showers. a better feeling took
possession Of the market after the early
break. being emphasized later by some
foreign buying and a report that Servia
had decided to agree to the Austrian
was also influenced by the report of a
Memphis crop expert who made condi-
tions 79.1 against IS last month and SIS
a year ago. The government ten-yeal
average July % is so. a southern crop
reporting association was also rumored
to have made conditions slightly under
7S.5. Most of the reports from the east
ern belt continued favorable and some
advices from Georgia said the movement
would be early.
The close was very steady at a net
decline of Z to pOintS.
Evening star., 1914-07-26
LONDON MARKET.

LONDON. July 25.-Fears that the Aus
tro-Servian toruble will involve Eu-
rope, and the confirmed rumor Of Rus
sian mobilization caused panic conditions
on the stock exchange during the fore
noon session. Everybody offered stocks
without finding buyers and the declines
registered were out of proportion to the
stocks changing hands.
Consols slumped Ia per cent to T3A.
rallied to "A. but again dropped in the
last hour to 13as.
The closing was at the lowest with
AuStro-Hungarian bonds and Rio Tintos
showing three points loss. All other is
sues were sympathetically weak. and al
though a fraction over the worst, the
closing was nervous and unsettled over
the uncertainty as to what was to hap
pen before Monday and the settlement
commencing then.
Money was dearer while discounts
hardened on the possibility of higher
bank rate if war breaks out.
American securities opened weak. with
prices 4 to 211 per cent off. The decline
was led by Canadian Pacific. which was
affected by contine1tai selling.
Later the market hardened somewhat.
but the close was unsettled with prices
u to 2 points under the New York clos
ing of yesterday. Consols for money.
73sss 7assss for the account. 1875: Pennsylvania.
55lk: United States Steel, 59%-
Bar silver weak: n lid per ounce;
money, 2; discount rates, short bills.
2Aa2n: three months, 21sa3.
Evening star., 1914-07-26
New York Bank Statement.

NEW YORK, July 25.-The statement
of the actual condition of clearing house
banks and trust companies for the week
shows that they hold sc. 113, 30 reserve
in excess OF legal requirements This is
an increase of $i.o62,o"o from last week.
The statement folloWs
Actual condition:
Loans, s2.o51. 5000; increase. 49,
Specie. $685.. .a5i 900; increase. S5.s,9, ,OOO.
Legal tenders, Ssl.92o.0Co; increase. S.
Net deposits, sl.oSs,al5,ooo: increase.
Circulation, s41,734.ooo; decrease, $751;
OO0.
Banks cash reserve in vault. $685.
6lU.VpV
Trust companies cash reserve in vault.
$1i. .2j3.OCt.
Aggregate cash reserve. s467 .s79. 900
Excess lawful reserve, S26, %, 100; in
crease, SiOt2.OG-
Trust companies reserve with clearing
house members carrying - per cent cash
reserve, $6i,.32,rp.
Summary of state banks and trust
companies in Greater New York. not
included in clearing house statement.
Loans and investments, SJ.3,051 800 /;
decrease. S5.S5i.S0O.
Gold. S42, .3l, 100; decrease. S524,200.
Currency and bank notes, ss.S0s. 700;
decrease. Sl09,S00
Total deposits, ss52.335. 900; decrease,
S4,993.500.
Mercantile paper, Az as. Sterling ex-
change firm; for siXty-day bills, 1850;
for demand. 4SS.t5. Commercial bills.
484A. Bar silver, sax. Mexican dollars,
road bonds heavy.
Call money nominal: no loans. Time
loans strong; sixty days, ga az: ninety
days. sAa31a; six months, 4a4h.
Evening star., 1914-07-26
RuYs BAY TRADE SCHOONER.
Cant Leonard Obtains Control of the
Emma A. Faulkner.

Cant. Leonard Of Cambridge, Nd. in
the past week purchased the schooner
Emma A. Faulkner from Capt. Larimore
and others and has taken possession OIL
the vessel. The Faulkner is vessel OF
81 gross tons register and was built at
Tilghmans Island. Nd, in 1901. She Is
ia feet long, 23.1 feet beam and 6.3
feet deep. Baltimore Is her hailng port.
The Faulkner has been employed In gen
eral freighting service on Chesapeake
hay and its tributaries and 1t is under
stood her new owner will keep her in the
bay traffic.
Sales of vessel property employed on
Chesapeake bay and it's tributaries. re-
Gently made, were recorded in the GUS
tomhouse at Baltimore in the past week,
as follows:
steamer city of Milford. 179 tons. from
John d. Mock to J. w. R. Crawford,
5000.
schooner Thomas J. Seward, sixty-six
tons. from Fora c. Brinsfield to George
w. Woolford. $3.50.
Schooner Lucinda, nine tons, from
Charles Craig Fears to Edward c. Os-
bourne, $26O. ,,,,,,
SJoop Lille nine tons, from William 8.
covinpton to Benjamin 7. Harrison, 50.
The City of Milford. one OF the vessels
sold was formerly employed on route
IN the Potomac river. In recent years
sha has been running from Annapolis to
the eastern shore of Maryland.
Evening star., 1914-07-26
Among Cutter Service Men.

Capt. Commandant Z. p. Bertholf of
the revenue cutter service is In New
York on business connected with the
service.
Capt. w. E. V. Jacobs in charge Of
personnel and operations of the serv-
ice. was in Philadelphia yesterday on
official business and will be at his desk
In the Treasury Department tomorrow
First Lieut.. B. H. Camden. ordnance
officer. on duty at this city for the past
two years or longer. has been ordered
to the cutter Window. on the Galveston
station. His successor In charge of
ordnance work Of the service has not
yet been selected.
Second Lieut.. william Williams has
recovered from a recent operation on
his throat and Is again on duty In the
department.
Constructor F. A. Hunnewell is alb
sent from his desk in the bureau OF
construction and repair on twenty
days leave OF absence.
Capt. de Otte, now on duty as in
spector in the life saving service. with
headquarters at Salisbury. Nd. was a
visitor to the division of the service,
Treasury Department, in the past
week.
Evening star., 1914-07-26
TO PAINT POLICE STEAMER.
Phillips Will Receive Coating Of
Worm-Resisting Mixture.

To clean and paint the hull with a
borer worm-resistig compound. the Vir-
,inia fisheries police steamer Phillips,
which has been at this city for sew
eral weeks undergoing a general over
hauling, is out on the marine railway
at Regan's boatyard. The vessel will
be ready to put overheard early in the
coming week, and she will then leave
for her headquarters at the mouth of
the river.
Renairs to the hull Of the river
schooner Five Sisters. which has been
nut on the marine railway at the Alex
andria shipyard. have been completed
and she has been put overheard. and
10 living at Alexandria loading mer-
chandise for Aqua creek. Va. While
On the railway the hull of the Five
Sisters was calked and the vessel put
in condition for fall service on the
Potomac. The river schooner Silver
star Ia at the Alexandria shipyard to
receive hull repairs. and on their com
pletion she will return to general
freighting work.
A soon as repairs to the railway at
Benefits boatyard. foot of 11th street
southwest. are completed. brick-carry-
ing lighters owned by John Miller &.
Co Of this city will be hauled out to
be rebuilt.
Evening star., 1914-07-26
CHICAGO GRAIN.

CHICAGO, July 25.-Frantic buying OF
wheat today resulted from the war scare.
The excitement. however, was chiens
confined to a few minutes at the starr;
when reports that Servia wouio at steu
had not had sufficient time to take erect
After an advance that on some safes
almost touched cents bushei, me
market closed unsettled at a rise OF i7s.I
IL to Halls net. Corn finished n 10
above last night, and oa.s 70 oa, rn,e
scored a gain that varied from 10 l. n.
It seemed as if every trader In the wheas
pit had orders to buy at the Hrst .ap ~
the bell Spectators who were snoa 10,
made the widest efforts to put an III IN
mediate stop to losses. and there wei 70
MANY other traders hardly less eager u
grab at what was fancied to oe, per,
haps, the greatest chance tnat puiis .ns r
received since the Franco-Prussian wal, Wal,
The possibility of the Cnlteo states ,stnrfs D
to Europe on a scale maybe never peiole re
eoualed kept most of the attentlon o.
the pit even after the news cahe e1.ia
the worst of the crisis between ser Id
and Austria appeared e 10 De az aenand n for
vhaat did much to cool off enthusiasts
Who could see only one side 10 the iia, ma
ket. In the final dealings 10
some heed was given to assertioi.s si,a :.
the American spring crop wa wa that the
i,neaos+ ansau IN North Dakota would be ten ten
days day earlier than in the year wheh '''e
plague caused ruin. nd also re-
corn climbed with wheat anu a,so 80
snoOdad o0ls 'N TO the need of continued gen
spanqadi spal raips Trading at no time however.
sra sbowed a anything like the volume % or the eSe
Element that was witnessed III IN ~ e q
wheat crowd. Hedging safes taxe1v weak
new crop made oats reia'''eA'
'hSoash Sot much influence of the war war tax aie
msnt sn Of strength semed to be the oati9p a 3pe
for diminished isfsrn spaeLi paeking centers next
ueek
Evening star., 1914-07-26
COFFEE MARKET.

NEW YORK. July 25.-An easier tone
appeared in the coffee market today. and
prices were lower as result of the un-
settled political conditions abroad. easier
cost and freight offers. and moderate SELL
ing by trade interests. The opening was
5 to 6 points lower. and final prices
showed Z to points net decline. Sales,
%, 100 bags. about half switches. July.
$40; August. s.13; September. so: Oc-
$50; January, 8.64: March, S.73; May,
S.S1.
Spot coffee dull; Rio No. Z. S&; Santos
No. 4, 11M: Havre unchanged to v franc
lower; Hamburg, " to y pfennig lower;
Rio unchanged Brazilian receipts. 1900
bags; Jundiahy. 1900 bags. Today's
santos cable reported As unchanged; fu-
lures IS to 100 reis lower; Sac Paulo re-
ceipts, $4,000 bags.
Evening star., 1914-07-26
of the eastern roads in dollars will
amount to about $4,000. 900. In addi-

of the eastern roads in dollars Will
amount to about SIS, 100000. In addt-
ton to this, the decision would point
out certain charges that are now being
waived which should and must be OBJ
served by the railroads. since they rep
pers and are thus discrimination
against smaller shippers. BY making
these charges the railroads will. the
commissioners figure, save an addi-
tional $25.000,000 per year, making In
this way total increase in net reVe-
nue. of $40.000,000, or within $1O,0OO,Oo0
of the full amount that it was figured
would accrue through the horizontal
rise of per cent in all freight rates
The commissioners will decide that the
railroads must abandon all concessions
to large shippers whether in the nature
of spotting cars or other expedients
for granting favors. These special con-
cessions were originally granted for
the purpose of getting business from
competitors by enterprising railroad Of
ficials. While the railroads granting
these concessions would not cut their
charges, they would nevertheless. give
additional traffic facilities that consti-
tuted a distinct inducement to ship
1t did not take long for a competing
line to learn of the facilities granted
and to promptly duplicate them. Thus
| the efficiency of these concessions as
method of producing new business
failed. But having once started to name
them, and as all competitors had
promptly followed suit. no road felt it
could take the initiative in abandoning
practice which obviously was doing
agreeable to all roads to discontinue the
mr. a
Evening star., 1914-07-26
NEW YORK PRODUCE.
NEW YORK. July 25-Flour-ouiet b
GENERAL.)
NEW YORK. July 25.

NEW YORK. July 25-Flour-ouiet bu,
firm. ee' oo'
Rye flour-Quiet.
I, Cornmeal-Firm
Rye-Firm; No. west. GO cif Nou
York export. hard
Barley-Quiet.
Wheat-Spot strong: new No . a3.
and new No. red, 9214; July Shipment
elf New York, No. l northern Dnluth'
i,Ooa4, and No. l northern Manitoba.
l,Na4, fob. atioat. Futures strong and
higher on the European political situa-
tion: July. Hls: September, 92M.
Corn-Spot firm: No. veIIow so1h
eff to arrive. 1-'
Oats-Spot easy; standard white. 44ha
-; NO. ., +ialo; fancy clipped white,
Hay-Firm.
Hops-Quiet.
Enthusiastically.
Leather-Firm
Pork-Unsettled
Beef-Quiet.
Cut enthusiastically
Lard nsettled; refined easy: continent,
lc-''o: South America, 11.O5; compound
barely steady
Tallow-Dull
Wool-Steady
Rosin-Quiet
Turpentine-Steady.
Rice-Steady
Molasses-Quet
Evening star., 1914-07-26
Northern Central Declares Dividend

BALTIMORE, Md. July 25.-The
Northern Central Railway Company
has declared a stock dividend of 40 per
cent. payable August 5. to holders OF
record August 3. There has also been de-
payable August "a, to holders of record
August 3. This is taken to mean that the
lease of the Northern Central by the
Pennsylvania Railroad Company has been
consummated. There will be distributed
on each share $50 as per the stock divi-
dend. S. per share for the cash dividend
Of 10 per cent. and accrued dividends at
the rate of per cent per annum. or
about $500 on each present share for the
three-and-a-half years from January 1.
1911. The par value of the stock is $50.
Evening star., 1914-07-26
Comment on claflin Failure.

Considerable dissatisfaction has devel-
oped throughout the country in the set
tIement of the tangled affairs of the de-
funct Claf1in company. 1t has now be-
come evident that the smaller interior
banks are unwilling to cooperate with
the big banks in the money centers in the
reorganization of the business. but will
work independently of them. Many
small banks feel aggrieved that the pa
per was recommended and bought for
them by their New York correspondents
now that they have found out the amount
outstanding and that most of its repre-
sents renewals of old obligations. They
believe that it was passed on to them
by those who knew that the house had
been in deep water for three years or
more Investigation now shows that the
Claflin company put out a much larger
volume of paper than was justified in
any combination of circumstances. Some
banks are exceedingly heavy holders of
the paper and are not unnaturally biased
in their attitude by this fact The worst
feature appears to be that the banks did
not exercise common everyday banking
prudence before taking the thousands
upon thousands of dollars of the Claf1in
obligations. They were anxious to secure
the paper, and 1t appears there has been
a complete absence of proper inveStiga-
ton. 1t is safe to say that not one of the
500 or SO banks throughout the country
that hold Claflin paper had any idea of
the volume of the obligations outstanding
or the character of the paper. Then,
again, too large proportion of the Claf-
lin obligations consisted of indorsed ac-
commodation paper, and did not grow out
of "a commercial transaction involving
the shipping and delivery of goods. 1t is
held in some quarters that the Clafin
paper will pay less than 80 cents on the
dollar w. S. COUSINS.
Evening star., 1914-07-26
TREASURY STATEMENT.

The condition of the United States
Treasury at the beginning Of business
yesterday was:
Net balance in general fund. s14s 167.-
621; total receipts Friday. S2.5D.6S9 total
payments Friday, s., 4S2. .922.
The surplus this fiscal year Is S5.osS. :
III. against a deficit of $12,I9o.o22 last
year, exclusive of Panama canal and
public debt transactions.
Evening star., 1914-07-26
CHICAGO LIVE STOCK.

Cn1cAGo,, q. GAG ,,s5er 5e1y bulk. ss5asao; light.
SOD ooo heau, nz ,nixeds s. s.45a9OO: heavy. s-3oa
sSS sSSa9oS rough %'xsa piss sasss Steady
'Cattle-Receipts. 20" head; e9aa o. s..a staci.
beeves, 76oa1ooo: steers IS. oa"as cnas and heif-
ers; rssb;een@Receipts, s 1000 head; steadg: lS;
shean 5.15a5so; yearlings' 9''ao''''
lamhs G.OoaSOo.
Evening star., 1914-07-26
Railroad News Depressing.

Circumstantial reports alleging tGe de-
cision in the eastern freight rate case
would be rendered in an unfavorable form
caused weakness during the week The
New Haven suit. runors of an official IN
quiry into Rock Island affairs, the steps
taken to push trust legislation and the
failure TO confirm the remaining members
of the federal reserve board We're mar
shaled as related factors.
The Servian crisis confirmed indications
of foreign strain long in evidence, such
as persistent liquidation of our securi-
ties, withdrawal of gold in their payment
and huge accumulations OF gold in the
reservoirs of government banks. These
financial preparations appeared to Imply
a. safeguard against war. Their de-
pressing influence was aggravated by un-
easiness in London over the Ulster sit
uation.
Abandonment of the Rock Island reor-
ganization and the commerce board 3
structures in the New Haven report
bought further pressure from foreign
holders of American securities. The
shme was true of Union Paclflcs dlstri-
tlltion of Baltimore and Ohio. Questions
OF dividend maintenance hurt special
stocks, notably those likely to be affect
ed by the rate decision.
Offsets We're not sufficient to counter
act the depression Reports OF wheat
Iamage persisted. the idle freight car
surplus increased. steel Improvement was
no more than held and the price of cop
per metal sagged- The western rail-
roads wage dispute in mediation caused
additional anxiety.
The abundant wheat outgo, however.
gave impressive evidence of our abun-
dance and others needs.
Evening star., 1914-07-26
DRY GOODS MARKET.

NEW YORK, July eo-cotton goods
were quiet today. Burlaps were more NOR
active with linens STEADY. ,a,aa aaah1 ho"ebt
aat as we,, as usual at this time Of the year.
Evening star., 1914-07-26
Structural Steel Orders.

The most encouraging feature in the
steel trade from local standpoint was
the relief of the money market expe-
rienced in the acceptance of building
loans-Ionr discountenanced by a number
OF New York financial institutions. Con-
sequently. contracts held in allegiance
for some tine were placed for ten apart
meat houses and loft buildings In fact,
structural contracts in the eastern terri
tory generally were larger, including
5000 tons for the Newark subway ter
minal, 5000 tons for the Brooklyn ele-
waited improvements, 5000 tons for mu-
nicipai piers i'll Philadelphia and 800
tons for New York buildings.
More small railroad bridge orders also
were placed calling for about 1900 tons
of shapes. Bids We're also finally taken
on 1soOp to 1900 tons for a railroad
bridge over the Ohio at Metropolis, and
the prospective Chesapeake and Ohio
bridge over the Ohio at Portsmouth was
definitely located: plans for the latter
will call for 1900 TO 10000 tons.
Railroad equipment orders We're again
light. The only rail contracts were 400
tons for the New York municipal rail-
Ways and 900 for the Richmond, Fred
ericksbur., and Potomac. The Chicago
Great Western ordered 800 and the Erie
900 cars The Southern Pacific ordered
thirty locomotives. St Louis. Browns
VILE and Mexico authorized twenty To-
comotives and Si5 cars. Merchant Car
builders and railroads bought more steel
bars plates and shapes estimated at 80,
go tons
Evening star., 1914-07-26
FOREIGN B0URsEs.

BERLIN, July 25.-Weekly statement
Imperial Bank of Germany:
Cash in hand increased 600 marks.
Loans decreased 100000 marks.
Discounts decreased sJ6. 159. .00O marks.
Treasury bills decreased 1926, 600
marks.
Notes in circulation decreased 1O3.
669, 600 marks.
Deposits increased 1923. 600 marks.
Gold in hand increased II. 7S5. 600 marks.
Curb prices after the close of the regu-
lar market improved on reports from
Vienna and Frankfort that Servia in
Exchange on London. 20 marks 52Ik
pfennigs. Money. 2; private discount. 3.
PARIS, July 25.-The bourse was de-
moralized today. Many stocks We're Of
fered without buyers. No official quo
tations were made for numerous shares
Three per cent rentes closed 7s francs
Exchange on London, % francs 10 CEN
times; private discount rate ~ per cent.
Evening star., 1914-07-26

The tenth session Of the Prehistorique
Congress de France will be held at
Anillac from August o to %, under the
presidency of M. Pages-Allary.
Evening star., 1914-07-26

DR.. F. W. Dyson. astronomer royal OF
Great Britain. has been elected a cor
respondent Of the Paris Academy oe
Sciences in the section OF astronomy.
Evening star., 1914-07-26
STRIFE OVER HOME RULE
AWAITS DEVELOPMENTS
Much Depends on Meeting of Irish
National Party Monday,
It Il Said.

LONDON. July 25.-Since the failure
VI ehe conference on the Ulster situa
uoh between the leaders of the yarious
ponueai parties at Buckingham Palace
poiiticfans have turned their attention
to the next step TO be taken in the bor,.
rule controversy.
Premier Asquith and the other members
OF the cabinet remained in town for the
greater part of today and several COM
munications passed between King George
and the premier. but no meetings were
held
1t is understood that much depends on
tionai party Monday when the Irish
members of parliament will decide what
attitude they are going to adopt toward
the bill to amend the Irish home rule
Bill Up ON Tuesday.
The amending bill comes up for dis
cusSion Tuesday in the house of COM
mons Many of them consider that as
the Ulster unionists rejected the offer OF
settlement. embodied in the amending
bill as originally introduced, thei bill
should be withdrawn and the home rule
Dill allowed to become law under the
operation OF the parliament act
The government. however is general
~ expected to urge the passage of the
second reading of the amending bill
as amended by the house of lords SO
that it may be restored to its original
condition in committee. This il is
pointed out. would give another chance
Ior discussion. with the possibility of
reaching an agreement. Few, however,
expect this step to be successful
The unionists meanwhile are prepar-
ing for a general election in the belief
that failing a settlement by consent
Premier Asquith will advise the disso-
luton of parliament
Evening star., 1914-07-26
WEEKS RANGE OF PRICES
Corrected to the Close of Business July Is at the
New York Stock Exchange.
Railway and Miscellaneous Shares.

following closing pst oe
to
Evening star., 1914-07-26
NEW YORK, July %.
BOSTON, July 70.

Albert X. Fisher has been elected presi-
dent of the American Ornithologist
Union for the coming year.
Evening star., 1914-07-26
THE YEAR 1914 TO DATE
ON LOCAL STOCK EXCHANGE

following by W Hbbs
inclusive anda also he prices:
Evening star., 1914-07-26
Domestic News overshadowed.

Little of interest was noted in domestic
affairs. aside from the announcement of
further gold engagements for export to
Paris next week. These were not unex-
pected. in view of a further rise in ex-
change. and substantial additions to the
gold ordered in the last few days are al
together probable.
Mercantile trade reports presented the
usual mixed aspects, with increased
optimism respecting the fall outlook
Local banks scored an actual cash gain
of SS,00O.GOJ with a further Strengthening
of their reserves.
Bonds We're heavy. in keeping with the
movement in shares. Total sales (par
vaIuep. 81 $1,000.
United States coupon As gained IL per
cent and Panama coupon IS y per cent
on call, while Panama registered IS de-
clined /. per cent.
Evening star., 1914-07-26
NEW ORLEANS.

Spot steady. unchanged. Midd
Sales. 1852 bales.