davidaulloa/AmericanStories huggingface dataset:
Evening star., 1915-01-30
SEES GREATER DEFICIT
Representative Broussard Urges Re.
peal Of Free Sugar Clause
in Tariff Act.

A greater deficit than that which
now threatens the Treasury surely will
occur unless the free sugar clause Of
the train act is repealed, according to
Representative Broussard OF Louisiana,
who introduced a resolution today to
effect the repeal
Mr.. Broussard was one of the few
democrats who voted against the I'm
derwood bill because It reduced the
tariff on sugar. Louisiana's great prod
uct, and provided for its free entry on
and after May 1. 1916.
Said Mr.. Broussard today:
Unless my resolution become law.
on May 1, 1916. practically $52.ooo.0oo
derived from the sugar duty will be
added to the present deficit. The war
tax soon will expire SO that the s54,-
100000 yield for 1915 will disappear
and the $4,000. 900 deficit will be In
creased further by that sum. To sum-
xnarize: Should the same deficiency oc-
cur In 1916 as is pending In 1915. there
will be added to the eighty million de-
fciency the further deficiencies due to
the expiration of the war tax law,
yielding S54.00O.00o, and a still further
defnciency after May. 1916. of S52.000.-
600 derived from the sugar duty. The
situation is appalling"
Evening star., 1915-01-30
New York Bank Statement.

NEW YORK, January 30.-The state-
ment of the actual condition Of clear
ing house banks and trust companies
for the week shows that they hold
$144,259,93O reserve in excess Of legal
requirements. This Is an increase OF
S1,237,140 over last week.
The statement follows:
Actual condition
Loans. etc. .224.ooo: increase.
$21.011 900.
Reserve in own vaults ',s7o.5s2. 900:
increase,
Reserve in federal reserve bank, $1os.-
2S6,000: decrease, $4.753.000.
Reserve In other depositaries, s32.-
075,000: increase. $372,000.
Net demand deposits. ss.122.5s1. 900:
Net time deposits. .so.s77.ooo: In
crease, $1.451,000.
Circulation. $41.4as.ooo: decrease ST.
100000.
Aggregate reserve. $51o.923.ooo.
Excess reserve. $144.25s.sso; increase,
Summary of state banks and trust
companies in Great New York not in
cluded in clearing house statement.
Loans. etc. s554.327,soo: decrease.
Specie, $4s.14e,7 700; decrease, 5000. 900.
Legal tenders, $1o.ss2.soo; increase.
Total deposits. ss6o.oo7.loo; decrease.
$155, 800.
S41,600
Trust companies cash reserve in
vaults. $43.1s3.400.
Mercantile paper. sha4: sterling OK
change, easy; so day bills, 4.8275: for
silver, 4sM: Mexican dollars. s7K !;
government bonds. steady; railroad
bonds, irregular.
sof which $2sa,144.ooo is specie.
Evening star., 1915-01-30
WEATHER..
Unsettled, With Rain or Snow Late
Tonight or Sunday.

For the district of Columbia, unset
tied, with rain or snow late tonight or
Sunday, warmer: temperature tonight
about rs degrees; moderate east to
southeast winds.
The Pacific low pressure continues.
but now with rising tendency, ana
the area of low pressure has advanced
eastward over the plains states, with
the center of depression over COLORADO.
Over the eastern half Of the country
high pressure continues, 30 that gem
Pacific states eastward into the Missis-
sippi and Ohio valleys. with heavy
rains and SHOWS in Arizona and Cali
fornia. over the eastern portion Of the
1t is decidedly colder in New Eng
land, with severe cold wave over the
northern portion, and somewhat colder
in the middle Atlantic states and the
Rocky mountains temperatures are
higher. decidedly 30 in the central val
leys, the gulf and the plains states.
There will be snow over the north
ern, snow or rain over the central and
rain over the southern districts east OF
the Mississippi river tonight and SUM-
day with rising temperatures.
The winds along the New England
coming southeast: on the middle Allan
tic coast moderate east to southeast
on the south Atlantic coast moderate
northeast to east; on the east gulf
coast moderate east to southeast, prob
ably becoming fresh over west portion.
Records for Twenty-Four Hours.
The following were the readings OF
the Thermometer and barometer al
the weather bureau for the twenty-fouI
hours beginning at pm. yesterday:
Observation-Disclosures 4 pm, SO; {
pm, 80; IL midnight, 26. Today, am.
%; s am. IS; IL noon. 25; 2 p.m.. 80;
Maximum, 36. at pm. yesterday: mini.
mum, 18. at am. today.
mperature same date last year
Maximum. 72; minimum, 49.
Barometer-Y esterday, 1 pm.. 3O.28;
pm. 3O.33: IL midnight. 30.38. Today
am. 30.46; s am. 1862; IL noon
30.51; 2 PM, 3047.
Tide Tables.
Today-Low tide, 1859 am and 1:53
p.m.: high tide, 1894 am. and 7.4s pm.
Tomorrow-Low tide, 2:34 am. and
2:3s Pm; high tide, SIT am. and 1882
pm.
The Sun and Moon.
Today-Sun rose, 7:07 a-m.; sun sets,
5:19 pm.
Tomorrow-Sun rises, 1907 a.m.; sun
sets. $50 pm.
Moon-Full moon, 1888 pm.
Weather in Various Citiea
Evening star., 1915-01-30
COTTON MARKETS.
NEW YORK.

NEW YORK. January so.-Unexpect-
ed firmness in the Liverpool market
which not only failed to follow yes
terday's local decline, but closed at a
net advance on some positions. caused
considerable covering at the opening OF
the cotton market here today and first
prices were to 9 points higher. New
Orleans. however. was relatively easy
and sent selling orders here. while
there was also some further Wall
street liquidation, and prices eased OFF
to within = or points Of last nights
closing figures during the early trad
ing. Liverpool cables attributed the
firmness there to continental buying
and an absence of hedge selling.
Futures opened steady. March. 8.55
April, $50; May, $50: June. $50; July
s.ss: October. s.22; November. s.25: De.
cember, 9.31.
Futures closed steady. February
s23; March. S.48: May. S.76; July. S.S7;
August. s.O4: September. s.11; October
9.1s; December. s.a2.
Spot cotton. quiet. Mddling upland
S.45. Sales, none.
Evening star., 1915-01-30
new YORK DAIRY MARKET.

NEW YORK. January 3o.-Butter-
Firm; receipts. 5.713 tubs. Creamery
extras (92 score), 33k: creamery firsts,
3Oh asa; seconds. 2sa30.
Cheese-Steady: receipts. 1851 boxes.
State, whole milk, winter. export
type, average fancy. 141aa15.
Eggs Irregular; receipts. 5.Sss.
Fresh gathered. extra fine. SO: extra
firsts, 81: flrsts. 30a30k: seconds. 2sEa
29h: state, Pennsylvania and nearby
hennery whites, fine to fancy. "a: do.
gathered whites. 31a33: do, hennery
browns. 32a32h: do. gathered browns
and mixed colors. 30a31.
Live poultry - Steady: western
chickens, 15a16; fowls. 17a17h; tur-
keys. 14a16.
Dressed poultry Quiet; western
roasting chickens. 17a21; fresh fowls.
l13ha1S; turkeys, 14a22.
Evening star., 1915-01-30
Minimum PRICES NOT
TOPR0TECT BANK LOANS
Ample Time Has Been Given B0r.
rowers to Make Necessary
Adjustments.
Local Securities Steady-Munsey
Trust Company in New York.
Important Financial Notes.
By I. A. FLEMING.

1t would seem as II the time has
passed when minimum prices, save In
rare occasions, should be fixed with IN
tent to protect loans made on securi-
ties before the outbreak of the Euro
pean war. Holders OF stocks have had
six months in which to make their ad-
justments, and either pay their loans
in full or give further protection to
their collateral. Failure to have made
these arrangements would seem to IN
dicate inability to do so, and minimum
prices at figures above the margin OF
protection can have no reassuring ei-
feet either on the owner OF STOCK OF
holder Of collateral so protected.
Minimum prices have most excel
lent effect in checking bears from
pounding this or that stock: they stand
as a practial safeguard against inter-
national news of a decidedly unfavor-
able character, should such unfortunate
happenings occur.
For a time their chief purpose was to
protect loans. hold prices steady and
give investors and SPECTATORS time to
make adjustments to meet the emer-
gency so Unexpectedly developed.
The New York Stock Exchange mas
shown it's intention to disregard seri-
ous breaks and bad local news. In the
speedy reduction of the minimum
price on Steel common shares during
the past week from 4S to 43 to 40 and
again today to 80, ten points in four
days.
loans are not being protected to any
extent by the governors of the great
est exchange.
Evening star., 1915-01-30
CHICAGO DAIRY MARKET.

CHICAGO, January 80. - Butter -
Higher. creamery, "a to sla31H.
EgEs-Lower; receipts, 4.O64 cases; at
mark, cases included. 24a2s; ordinary
firsts, 27a2S: ffrsts, 20.
Potatoes - Unchanged: receipts, 20
cars.
Poultry-Alive lower: springs. 15h
fowls, IA.
Evening star., 1915-01-30
CLOSING IS FIRM,
TRADING MODERATE
Supporting Orders Steady the
Market After Early
Hesitation.

NEW YORK, January 3o.-Some OF
the ground lost in yesterdays liquidat-
ing movement was regained today, but
the undertone was frequently uncer-
tain. Trading was moderate, with signs
Of substantial support and short COW
erings.
United States Steel common was al
most neglected after some early deal
ings. which included one lot of 1.1o0
shares, all at the minimum price.
New Haven rose over two points
above its minimum of 40 and more
prominent issues finished the brief ses-
sion with gains of point or more over
yesterdays final figures.
Sears-Roebuck led the special group
with further advance of almost five
points in anticipation of favorable div
idend action later in the day.
The closing was firm.
Bonds were steady.
at the opening of today's stock market,
the undertone showing firmness after
some brief hesitation.
Substantial Fractional Gains.
Hartman issues. Reading, Northern
Pacific and New Haven showed substan-
tial fractional gains on light trading.
Canadian Pacific, which opened at
point loss, repeating yesterdays low
price, soon recovered and made further
headway.
United States Steel was not quoted in
the initial dealings, but later block of
1.1oo shares changed hands at 40, its
minimum
Republic Steel preferred lost almost
3 points and American Express fell 5 to
80. Its minimum. Sears-Roebuck rose
more than 4 points
Evening star., 1915-01-30
Sugar Market Is Active.

NEW YORK, January 3o.-The sugar
futures market opened firm at q to 6
point advance. Trading was very active
mand from trade interests and some
speculative buying. The closing was
firm at 3 to 8 points advance. with sales
1850 tons. February. 3.26; May, 3.4s:
June. $50: July. 35s; September. 3.69.
The spot market was strong. No sales.
Centrifugal. 40; molasses, 3.43. Refined.
steady.
Evening star., 1915-01-30
NEW ORLEANS.

NEW ORLEANS. January 3o.-Bet-
te- cables than due caused rise of 8
to points in the price of cotton on the
opening call today. but the gain was
met by heavy selling. coming chiefly
from short interests. and. quick re-
action followed. Half an hour after
the opening the market was l point
under yesterdays close.
Futures opened steady; March, $50:
May. s4e; July. s.e2; October. $50: De-
Spot cotton-Quiet; safes on the spot.
|2.65; to arrive, 7.05; good ordinary.
s 5-1S; strict good ordinary. 1916:
low middling. 5-16: strict low mid
ding, 11-16: middling. 8 1-16; strict
middling. 5-16: good middling. 8
11-16; strict good middling. Lie.
The small mill takings for the week,
$4,000 bales, encourage selling, but
he market at its lowest was only to
3 points under yesterdays close. Late
in the morning scalping shorts bought
covers and the market quickly rose to
net advance of 4 to points,
Futures closed steady at a net ad-
vance of l to 4 points.
Evening star., 1915-01-30
SHARP WHEAT UPTURN ON
CHICAGO 'CHANGE TODAY
War Prices Tighten Up Decidedly
Higher Than Any
Time Yet.

CHICAGO, January so.-War prices
for wheat frightened up today decided
lily higher than any time yet. May de-
livery sold at $1.52, jump Of ~ COM
pared with last night. Wheat for spot
cash was still more expensive, reach
ing $1.52h for the ordinary contract
grades, No. red. and No. hard. Clos
Il ing quotations were strong at within
"A cent of the top figures Of the day.
The highest previous level for May
| wheat was on January 2S-$1.56N.
During the Franco-Prussian war wheat
went to s1.61. but except during few
artificial corners there has been no
other time when wheat was so high as
today since the close of the American
civil war.
Calling out Of italian military re-
serves and the denying Of peace
rumors were followed by a sharp
upturn today in the price Of wheat
There was but little for sale at tho start.
and there was an advance Of more than
2 cents a bushel before offerings became
at all numerous. Wet weather in Argen-
tina was of some influence against the
bears.
Opening prices. which ranged from the
\ setIic DIS last IhSHt " "6ASAS "SA .
followed by a reaction, with the market
steadying about l cent above last night
Corn Rises With Wheat.
Corn rose with wheat. Country offer
ings to arrive were light After opening
a shade Off to y up. prices scored a
moderate further gain.
Demand for oats was active on the
part of commission houses. Sellers ap-
peared to be in decided minority, and
quotations rose accordingly.
Provisions averaged lower. The mar
ket was bearishly affected by unexpected
deliveries Of lard on speculative contracts.
Later the strength of wheat export
demand here led to a fresh upturn that
helped carry May delivery to a new
high war record-S1.52 a busheL The
close was strong at an advance OF Ia
to 81 over last night.
Corn sales to the seaboard and the
foreign call for oats brought about
afterward a decided further advance.
The close was strong at 16s to 1hsa1az
net advance.
Wheat-No. 2 red, 1.4911ka1. .521s; No. 2
Cor corn-No: 5s;e a., yellow. 7sHa74H; No. 4
oats-No. 9 white. 57Aa5sh; No. 4
white, 571aa58.
Rye-No. 3. 1.25.
Barley, 77aSS.-
Timothy, 6.O0a75o. sESI
Clover. 12.50a15.Oo. iSN .-
Pork, 170Oa1&6
Lard, HOO.
Ribs, 9.25a10.O0.
Evening star., 1915-01-30
"Get-Together" Dinner February IL

The "gst-together" dinner to be held
by the Retail Merchants Association
il to be at the Commercial Club the
evening OF February II. according to
an announcement made today by the
committee arranging the affair. The
committee held q meeting at noon and
discussed plans for the dinner.
Evening star., 1915-01-30
LIVERPOOL.

LIVERPOOL, January 3O-Cotton-
Spot; steady; good middling. 5.35: mid.
1000 bales: speculation and export
200 bales Receipts. 23.259 bales Fu-
lures were very steady; May and June
4.ss: July and August. 1896: August and
September, 4.99k: October and Novem-
ber. 507: January and February 5.I2;
March and April, 5.14.
Evening star., 1915-01-30
NEW YORK.

NEW YORK, January 3o.-Flour-Un-
settled.
Pork-Unsettled family. 22.00a24.o0 ;
short clear, 19.00a22.50.
Beef-Steady.
Lard-Easy middle west. 1o.s0a10.so.
Enthusiastically.
Hay-Steady.
Hides-Quiet.
Leather-Firnl.
Coffee-Rio No. :, sA. Futures steady.
March, 614; May. 6.33.
Evening star., 1915-01-30
l WILL SELL

| WILL SELL
5000 Wash. Gas SO at 105.
81 1000 Georgetown Gas 50 at 1O2N.
$1,000 Wash. Rwy. 4 Elec. 40 at 81.
$4,000 Potomac Consld. SO at 90A.
80 Cap. Traction stock at 94N.
IS wash. Rwy. Dfd. at SS1z.
50 Wash. Gas ut ~ ex div.
10 MerKenthaler at 1855.
Is Lanston at q.
Ii HeuFich's Brewing at 137k.
20 Wash. 4 S0uthern Bank at 1OO3<.
30 Franklfn Nat. Bank at ITO.
10 Continental Trust At 119.
s Potomac Fire Ins. At 2S.
100 Real Estate Trust (bld wanted).
l WILL BUY
10 MePHenthaler at $50.
80 Washington Gas at 70 ex div.
$4,000 Potomac COnsld. SGd at 995s.
Is Cap. Traction at 921s.
IS Wash. Rsvy. pfd. at 841x.
10 n. h w. Steamboat at 173.
10 Lanston at 81.
Subject to previous acceptance or can
collation.. All executions for cash. Buy
ing and selling orders on all listet
stocks and bonds solicited.
Deliveries for cash at your own bank.
THOMAS L. HUME, Broker,
1910 G st. Rooms 9-11. Tel. NJ. 1346.
Evening star., 1915-01-30
LONDON MONEY.

LONDON, January 3o.-Bar silver,
22hd per ounce: money. l per cent.
per cent; three-month. 1lsa1 9-1s Per
cent
Evening star., 1915-01-30
Washington Stock Exchange.

SALES.
Washington Railway pfd.. at IS, 10 at IS.
District National Bank, 2 at 1856.
After call-wsshinston Railway Il, $1,000 at
81, 81 coo at 81.
Capital Traction Is, $500 at 1861, $1,000 at
106h
Washington Railway pfd., . at IS.
Washington Railway CON-, at 81.
Bid and Asked Prices.
Evening star., 1915-01-30
new YORK METAL MARKET.

NEW YORK, January 30.-Copper
drm: electroiytic, 1475: casting, 14.50a
l<S21z Iron unchanged
Evening star., 1915-01-30
NEW Yc- ~-nCK MARKET.

members New York stock Exchange,
Washington Stock Exchange and Chi
caEo Board Of Trade
Evening star., 1915-01-30
PURCHASES Of SHIPS
Matter Of THE. FUTURE

State Department oficials today de-
ernment Of ships Of the European
belligerents had not become q SUBJ
ject Of formal or official negotiation.
They pointed out there had been no
announcement from the administration
as to whether IL was intended to con-
fne purchases to neutral ships or
buying any Of those interned.
Until the bill pending in Congress is
disposed Of and the administration
finally decides on a policy. officials
think protests by any Of the belliger-
ents would not be opportune. There
has been, however. fntimation In an
informal way from Great Britain and
France against any wholesale purchase
Of German and Austrian ships.
Subject Of Conference.
At a conference recently between
Secretary Bryan and Sir Cecil SPRING
nection with the Dacia case. the am
bassador is understood to have told
the Secretary the Dacia case must not
be confused with the general principle
Of transfer of flag. as that would In
and Austrian vessels. a situation on
which Great Britain could not look
with complacence.
Sir Cecil Spring-Rice later made a
memorandum Of that conversation.
which he sent to the London foreign
said TO day. to report that Great
Britain had served formal notice that
1t would object to the passage of the
pending shipping bill.
Evening star., 1915-01-30
NEW YORK COTTON.

Quotations furnished BY ". b. Hibbs o..
Cotton Exchange and Chicago Board Of Trade
Evening star., 1915-01-30
Has No Formal Notice.

At the State Department today 1t was
made clear that no such formal notice
had been received, and that the United
States, in advance Of decision as to
where 1t might make its purchases,
was not constituting informal sugges-
tions as in any way altering previously
accepted rules OF international law.
considers that both Great Britain and
France have acauiesced in the right Of
neutrals to purchase belligerent ships,
in good faith.
Evening star., 1915-01-30
New Steel Minimum Price,

In the face of the continued downward
trend Of United States Steel common
stock since the suspension Of it's divi-
dend was announced a few days ago,
the governors of the New York Stock
Exchange established at the close of the
market today a new minimum price Of
SO, at which the stock may be traded
in. The previous minimum was 40.
This Is reduction of 10 points in the
established minimum within the week.
Evening star., 1915-01-30
London Wool Sales Postponed.

LONDON, January 3o.-Today's ses-
sion of the Nnpl auction sales was
postponed on a hunt Of fog.
Evening star., 1915-01-30
BALTIMORE.


Special Dispatch to The Star.
BALTIMORE, January 30 Wheat -
Strong; spot No. red. Isl; spot No. 3
red western, 1.55: January No. red.
LIS; February No. 2 red. Isl; March
No. red. 1.52: steamer No. red, 1.46;
receipts, 229,124 bushels; exports, 49,
$50 bushels.
Corn-Firm: spot contract, s0ss; jan
uary, SOS; February, SOS: steamer
mixed, 1875; receipts, 143,4S6 bushels;
exports, 42,S57 bushels.
Oats-Firmer; standard white. 81; No
3 white, 60h; receipts. 337,044 bushels;
exports. 34s,449 bushels.
Rye-Firmer: No. 2 western export,
132a1.33: receipts, 1876 bushels; ex-
ports. $4,000 bushels.
Hay-Steady: No. I timothy un-
changed, No. / clover mixed unchanged.
Grain freights-Firm; steam to Liver
pool per bushel unchanged, picked
ports per quarter unchanged.
Evening star., 1915-01-30
LIVERPOOL.

LIVERPOOL, January 30.-Wheat-
Spot No Manitoba, 12s I'd; No. 2, 12s
SID; No. 2 hard winter, 12s 415d;
futures nominal.
Corn-Spot American mixed. new, Is
91ad; old, Is lid; February, Is Sd /;
March, Is 3D.
Evening star., 1915-01-30
:. & o. Bond Issue.

It is stated that the Baltimore and
Ohio Railroad Company will not bring
out a new bond issue for some weeks.
The company has $35.oo0.ooo Az per
cent short term notes maturing June l.,
1915, to take care os and it Is under
stood that plans are being made for
financing to the amount of $40.000,00
to s50,000.000. The present Is an es-
pecially desirable time for high-grade
financing. with money decidedly easy
and in plentiful supply.
Evening star., 1915-01-30
CURB STOCKS.

Quotations furnished by ". B. Hibbs d o.,
members New York Stock Exchange.
Evening star., 1915-01-30

to S50,000,000 The present Is an es-
pecially desirable time for high-grade
financing, with money decidedly easy
and in plentiful supply.
Financial Notes.
The first 1915 CALI on banks IN the
federal reserve system for a statement
of their condition may be expected in
the near future. Six or more are pre-
dicted for the year.
United Cigar Stores Company OF New
Jersey directors declared a SO per cent
dividend on the common stock. showing
that the smoke industry has prospered
even In war times.
Condition Of the Steel Corporations
business shows little improvement Pro-
duction is about SO per cent of capacity.
Poor business has made the railroads
economize in upkeep and extensions, and
the rail orders have not been large.
Disbursements exceeded the receipts in
the conduct of the governments finances
January % by s1.11o.oo0. making the
deficit for January to that date &c.,
$50. and for the fiscal year to that date
Ss0.184,43S. as compared with $40.S35,538
at the corresponding date last fiscal year.
The federal reserve board Is urging
bankers to secure statements of con-
dition from applicants for loans. and
" IoI~dEu sdiuO W IcSlOHAl DdnkS
when rendering the paper for redis-
count. The law enforcing this action
will not be effective for some time, but
the board let 1t be known by cir
cular that such action was desirable.
Frank A. Munsey Is to open the Mum
sey Trust Company in New York city,
with Offices at West 40th street.
Lehigh Valley earnings for the six
months ended with December showed
an operating revenue decrease of $312,-
129, and the reduction was held with
in this sum by reason of lessened ex-
penditurss for maintenance and equip
nent
Local Securities.
Railway common continues to be the
leader in interest on the local ex-
change. although there is more busi-
ness being done in the preferred. The
latter sold at IS and a small amount
of preferred at 81. A sale of District
National Bank stock was made at 1876,
but for only a small lot.
Traction IS were firm at 1861 and
Railway Is at 81.
Evening star., 1915-01-30
DIRECTORS:

George w. Gray
william D. Hoover
George Howard
Reginald S. Huidekoper
o. H. P. johnson
Thomas r. Jones
Victor Kaufman
Evening star., 1915-01-30

For the District Of Columbia, unset
tied, with rain or snow late tonight or
Sunday, warmer: temperature tonight
about rs degrees: moderate east to
southeast winds.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1915-08-01

Qh | I
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1915-08-01

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