davidaulloa/AmericanStories huggingface dataset:
Evening star., 1915-12-19
7oreign Affairs OvershadoW
:aNeWs of Domestic Business

NEW YORK. December 1s.-Foreign
affairs dwarfed domestic considera-
tons in this weeks market, the possi-
HE rupture of relations between Wash
ington and Vienna being the most
Compelling feature. Coincident with
this development was the severe break
III German and Austrian exchanges,
Quotations on Berlin and Vienna fall
fng to lowest rates ever known here,
and the announcement Of the British
treasury of its intention to control
american securities, thereby adding to
the weight of foreign liquidation in
this market.
n.Further reason for caution was found
hh the dissolution of the syndicate
ssas 1hn qsi.
Al mood of offerings of this issue. the
Mice falling . Is points under that paid
vi the syndicate.
T.. Bonds in Some Demand.
IThere was partial readjustment of
this condition later in the week. the
bonds finding some favor In the In
vsstment division.
1.-THE decline in exchange on the CEN
tral European powers was attended by
much conjecture respecting economic
taneous advance in rates on Amster-
Gam and the Scandinavian capitals
strengthened the belief prevalent in
many quarters that the more urgent
NEEDS of the Teutonic allies are being
met through those mediums.
4, Reliable data. including bank clear
ing and reports of mercantile agencies.
rsfiect the rising tide Of domestic busi-
Hess activity. which is receiving addi-
tiDnal stimulus from the retail holiday
demand. Exports of foodstufs and
Mar supplies show some diminution by
reason OF the railroad embargo, but
continued on a phenomenal scale
4 Menace Of Railway Strikes.
1.-The threatened strike of the railway
brotherhoods at Chicago was soon set-
tied. but the Significance of this Incl
dfnt In its general application to the
labor problem was not altogether ig-
uored
Industrial conditions remain highly
satisfactory. steel mills booking orders
ftito the third quarter of the coming
year. Demand for such products as
copper. lead and other metals shows
little abatement. while oils. raw and
refined, scared to unprecedented prices
Money was inclined to harden slightly,
despite the coming disbursements Of
interest and dividends. Financial In
stitutions will enter the new year with
Almost the largest reserves in their
history.
Evening star., 1915-12-19
Fabricated Steel Orders.

Fabricated structural steel contracts
were heavy-over $4,000 tons-includ-
ing 30,500 tons for New York subways.
10000 tons for an elevated road In
Brooklyn, 3,400 tons for buildings and
1900 tons for a power station in West
Virginia for the American Gas and
Electric Company.
Evening star., 1915-12-19
DRY GOODS MARKET.

NEW YORK, December 10.-Cotton
goods and yarns were steady today.
Knit goods were in active demand.
Mems wear and dress goods were flrm.
Buylaps Wsya high and 1xm; iNnaps nym,
Evening star., 1915-12-19

Gold coin and certificates in the
vaults of federal revenue banks in
creased about s5.500,000 during the
past week, according to a statement
of the banks condition December II,
issued Yesterday by the federal reserve
board. 1t shows:
RESOURCES
Gold coin and certificates in vault. .$25s. .sss ooo
Goid Gold ssst,emsh redemption ' f"nd with United
States treasurer ..........-. l,le4,VoV
Total gold reserve. 1884, ,SS7. 600
Lesai.tender notes, silver, etc.,. 26.97s 900
Total reserve. .sss1, ,ses, 600
Bills discounted and bought: o
Maturities: Within 10 days....... $6.142 0Oo
From II to 80 days. 12.31o OW o
From 81 to 60 days. ........... 1s.190,0 ,00o
From 81 to 80 days. ............ II. i94 COO
Over 30 days. Observation-Disclosures. 1881. 600
Total So, ,s96, 600
Investments: U. S. bonds. .......... 1a.Sss. .o .ooo
Federal reserve notes-net. ......... 2O,93a 600
Due from federal reserve banks-net. p .331 900
All other resources. s.................. 4,322,ooo
Total resources. .,4ss, ,27s, 600
LIABILITIES.
can;ta1 maid $54 400. 900
Reserre denosts"net as7 $4,000
AZ peeai Other resi iIabilities. 7oss0Oo
Total H,h;,tie. $4s9 276, 600
Cold reserve against net liabilities. $3.50
Cash reserve against net liabilities. s9lTo
Cash reserve against net deposit la
biities after setting aside 40 per
cent gold reserve against net
amount Of federal reserve notes in
circuiat tfon .-.-'".' o0-'7o
Richmond District Bank.
Statement of resources and liabilities
of the federal reserve bank at Rich
mond are:
RESOURCES
Gold coin and certificates in vault. $4,000
Evening star., 1915-12-19
Public Interest in Trading Ap-
pears to Be Almost Wholly
.s,
Lacking.
BUSINESS REPORTS SHOW
CONTINUANCE OF ACTIVITY
New Financing in Prospect Both for
Foreign and Domestic
81 Interests.

NEW YORK, December 1S.-Today's 8
market was in the main a repetition of
recent dull and irregular sessions.
operations being in very moderate vol
ume and consisting largely of a clos
ing of outstanding contracts. Public
interest was altogether lacking. aside
from a fair inquiry for certain invest
ment issues. including the Anglo
French bonds.
United States Steel was the most
active feature, though showing some
h4aviness Other prominent issues in
Guided American Smelling. Republic
From and Steel, Studebaker and Bald
win Locomotive.
Texas Company. L. S. Industrial AL
cohol, Virginia Coal. Iron and Coke and
aafew others of that class were sub
stantialIy higher, but the movement in
these issues was without material ef-
feet elsewhere.
Rails Firm, But Dull.
Rails were fairly firm, but dull, ex-
ceptions to the general strangth in that
division being manifested by New York
Central and Pennsylvania. Dealings
fell away perceptibly in the final hour.
rSh pAASSS ShouSu AidStioHdhy 1IOHl
their best. Total sales amounted to
$4,000 shares.
Weekend reports dealt mainly with
the sustained activity in many lines Of
business and gave promise of a further
upward revision in prices of many in
dustries now in great demand. There
were reports of additional large orders
of copper for export, but these were
not reflected in the course of copper
Shares.
Negotiations having for their end the
placing of additional foreign credits in
this market were under consideration,
and 1t is believed that some Of the more
important railways and Industrial cor
porations are soon to engage in new
Financing.
4, Look for European Selling.
Bankers with foreign connections
were quoted as expecting further Eu-
ropean liquidation of American stocks
and bonds. as result OF the British
governments plan to control those Sc
curities. The market for exchange was
aKain irregular, guilders receding
slightly. likewise marks. while sterling
and francs were firm.
The features of the bank statement
fheiuded an expansion of loans by
about s2S.000.000, and contraction Of
reserves of slightly more than $780,
0eg000
4unds were irregular. with total sales
Mr. value) of $1,S35, 900.
United States registered Is advanced
fper cent on call during the week.
Evening star., 1915-12-19
FINANCIAL.
I Will Sell

$4,000 Washington Gas 81 at 1O6.
&25.O0O Wash. Ry. and E1ec. ~ mt s1N.
81 900 Potomac Con. 81 mt loo.
10 Capital Traction at S6k ex div.
50 Wash. Rwy. pfd. mt -.
Is Wash. Rwy. com. at S5.
~ Washington GAS at 20.
Is Georgetown Gas.
100 Wnshington Utilities Co. at 2211.
10 Mergnnthaier.
50 Lanston.
s American Security and Trust at 10.
30 Munsey Trust at G6L.
70 Continental Trust at 1I.A.
20 Wash. 4 Southern Bank at 9lN.
10 y. 4 W. Steamboat at 1Ss.
1000 Miller Train Control at IS eentos
Is Gayety Theater at 40.
3 Columbia Hotel Co. (bid waatedD.
5000 Oklahoma OIL at I2L ceata.
Evening star., 1915-12-19

South Africa is expected to become
one of the great beef-producing coun-
tries Of the world -
Evening star., 1915-12-19
/ Will Buy

6O Capital Traction Mt SO ex div.
l5 Wash. Rwy. pfd. Rt 81.
. Wash. Rwy. com. mt S3az.
- Warrington Gas mt -.
IS Georgetown Gas mt 81.
10 MerEanthRler.
IS LnnstOn mt az.
10 Munsey Trust at 83.
rs Washington Baseball Club at 10z.
25 tany parb GRAPHIC. com. at 139h.
25 tany pRrtD GRAPHIC. pfd. Mt 146.
1000 Oklahoma Oil at cents.
Subject to previous acceptance or
cancellation. All executions for cash.
Buying and selling orders on all listed
stocks and bonds solicited.
Deliveries for cash Mt your own hank.
Evening star., 1915-12-19
WEEKS RANGE OF PRICES.
Corrected to the Close of Business December Is,
at the Office of The Evening Star.
Railway and Miscellaneous Shares.

closing
andn Of
to late
Evening star., 1915-12-19
THOMAS L. HUME, Broker
14lO G Street. H'sI1 s.., Tel. M. 1916.

Terse, frank. timely comment New York
Stock Exchange securities Is contained In
THE ODD LOT REVIEW. Published by John
Muir a Co. Send for free sample copies.
II broadway. New York City.
Evening star., 1915-12-19
NEW ORLEANS.

NEW ORLEANS. December 17.-Cov-
erinR by recent sellers. expectations
Of reaction from the long decline and
bullish comment regarding ginning re-
turns gave the cotton market here to-
day a Arm undertone and brought about
a rise of over a dollar bale. 1t was
a lively session for the week end and
a large volume of business was done
First prices were about points up
and Immediately after the call the ad-
vance was widened to II to IL points.
There was little pause in the improve
nent in values until the rise on the
active months was about 20 points.
Here offerings from scalping longs
temporarily checked the h advanss 1sas,s weps eus
reached. when prices stood at a net
gain Of 81 to % points. ..'.T. Jn,s nerofe saeie
and last prices were II to 1S points
over yesterdays Anal figures.
Cables were better than due. Spot
houses were buyers and New York for
while was large purchaser IN this this
"a Ia that spot owners were selling very
little in spite of good demand.
Evening star., 1915-12-19
COTTON MARKETS.
NEW YORK.

NEW YORK, December 1S.-There
was an advance Of approximately 81
bale in the cotton market here this
morning. with March contracts selling
up to 12.19 and closing at 1918. Last
prices were generally 4 to 5 points off
from the best under realizing. with the
close barely stady at a net advance OF
Is to % points.
The market opened steady at an ad-
vance Of 2 to 10 points in response to
relatively steady cables. Offerings ap-
peared to be very light and scattering
after the heavy liquidation OF the past
week. and the market improved after
the opening on covering or a renewa!
Of bull support. Some four or five of
the more prominent brokers were
credited with purchases aggregating
fully $4,000 bales during the first hour
of trading and nothing more than
slight recessions occurred until jan
uary contracts had sold UP to 11.s0,
May to 1914 and July to 12.57 late in
the morning. Realizing then became
more active and much of the days
trading was attributed to disposition
to even up commitments for over the
weekend or the approaching holiday.
Private cables reported a small steady
market in Liverpool and houses with
Liverpool connections were not much
in evidence around the local ring.
There was nothing in the talk here
to indicate any change OF sentiment as
to the probable showing of the census
report Monday, which will give the
amount Of cotton ginned prior to De-
cember 13, but bullish reports from the
domestic goods market and reiterated
claims Of frmness among interior spot
holders doubtless encouraged the ad-
vance. It is rumored that both the
southern and western long interest has
been very greatly reduced during the
past few days and the improved tech
nical position of the market was sup
posed to be reflected in the compare
lively small offerings encountered on
this mornings advance.
Ideas as to the amount OF cotton
ginned for the first period in Decem-
Der ranged from about $4,000 to 65O:-
900 bales. Reports that some authori-
ties in the southwest were reducing
their estimates of the crop tended to
offset the more liberal estimates OF
the ginning figures. however, and the
trade paid little attention to the small
er amount of cotton on shtpboard.
which was estimated at 117,15l bales
against 317.23s at the same time last
year. Port receipts today. 2s.616 bales
for the season. 3.7S2.7o0: exports to-
day. l7,121; for the season, 2,115,035;
port stock, 1,642,734.
Evening star., 1915-12-19
Steel Plants Still Unable
K to Accept Orders Offered

fNEW YORK. December 1S.-The
achievements of the steel plants since
December l have been little less than
marvellous. The average daily output
Of ingots this week established a new
high record The new Duluth plant Of
the Steel Corporation has been casting
ihgots for a week and the outpu, help
70 to make the record making plant
Performance possible.
tSpeciisations poured in as never be-
fore and rolling schedules are now
complete for many weeks. Freight
congestion on the seaboard is b4Rjn-
uiHg to curtail manufacturing activi-
t5es In the east. but has not affected
plants in the central west.
/, Unable to Accept Orders.
gcf aggregate orders in the last four
teks were smaller than those placed
n the four preceding weeks, 1t was
IL because the mills could not accent
r enormous tenders. The smaller rail-
id equipment buying was gratifying
III the mills. Contracts were placed for
FI1,500 tons rails. for LIS cars and for
~ locomotives. The rail orders in
Tuded $1,000 tons for France, 1000
tSas for the Clevsr Leaf. Aoeo tons 1oI
Evening star., 1915-12-19
WEEKLY FISCAL STATEMENT
OF FEEDER AL RESERVE SYSTEM

80, ooo
S, so,a ; sessmsa. .una sa '''''''''''''' ssS 600
-----
Total gold reserve. $15515,000
Legal tender notes, silver etc.. 5000
Total reserve Observation-Disclosures. SIS 900
Bills discounted and bought:
Commercial paper ............. $71160O0
Bankers acceptances ... $1,000
Total Observation-Disclosures. ST,766 900
---------
Investments:
Municipal warrants ... $4,000
met ..................... 1928 900
All other resources " 74000
------------
Evening star., 1915-12-19

rainy day, for insurance against polit-
ical and labor troubles etc, etc.
1t is said the realization of the object
of the thrift campaign means a larger
and more splendid country; industries
more efficiently managed: better house
keeping, better business and better
banks.
One hundred new school banks will be
established in New York city alone. j,
is reported.
The Washington times., 1915-06-03
ElkS To Plan For
Orphan Outing
Expected That More Than 1000
Will Attend Gathering At Glen
Echo Iune IT.

Final arrangements will be made at a
meeting of the Elks' orphan committee
tonight for the annual outing OF Or
phans at Glen Echo. June Il. Arrange
ments for the outing are in the hands
of this committee. the chairman OF
which Is E. j. Murphy.
Plans are being made to entertain
from 1000 to 1,40O at the outing. The
management of Glen Echo has donated
the use of all amusements free 10 the
orphans. The Elks' committee will ar
range to have its own commissary on
hand to see that the children have a
good lunch and plenty of candy, fruit.
Ice cream. and picnic drinks. A hospital
tent under the direction Of the corps
OF Elks' physicians will be on hand -
treat the children If they eat or driAk
too much.
Special cars in charge of Elks' COM
mittees will go to the door or the near
est point to each asylum and collect the
children, returning them at night to
the same point. Each committee will
have supervision of the children as
signed to it. aiding the attendants Of
the children in looking after them. All
cars carrying orphans to the outing Will
60 straight through to Glen Echo and
return so that changes of cars VIII not
be necessary.
The Washington times., 1915-06-03
THE SMALL SCHOOL BUILDINGS

The attack made by Superintend-
ent Of Schools Thurston, at mass
meeting in Chevy Chase last even
ing, against the policy of building
eight-room schools in Washington,
will bring hearty amens from many
sections Of Washington. Dozens OF
these eight-room buildings, Of COM
parative recent construction, already
are overcrowded.
Washington is the only city Of
any size that has not long since
abandoned this policy. It was tried
in some cities where congested
streets or poor police protection
made travel dangerous for children.
But it was soon found that the
slight advantage of having some
pupils a few blocks nearer the
schools did not compensate for the
lack of facilities made possible by a
larger school unit, and for the in
creased expense of the eight-room
building,
The Washington times., 1915-06-03

in such market conditions, than
wheat at perhaps go cents.
So the country would have been
today hard up and depressed, con-
fronting the prospect of very small
wheat crop. The surplus carried
over from last year would likely
have prevented excessive price infla-
ton Immediately; but If 1t did that,
it would have added to the serious
ness Of the blow at wheat raising,
with the result that by 1915 there
would have been a deficient crop,
very high prices--and nobody but
the American consumer to pay
them.
In shorty the whole wheat bust
ness would have been demoralized
and it would have pulled other busi-
ness into the muck. Merely because
a policy of ron-interference with
natural conditions was adopted, we
have had the benefit Of the vast ex-
ports, have encouraged the produc-
tion of another huge crop this year,
and have now the prospect that
wheat will sell from the 1915 yield
at moderate prices. The market is
decidedly bearish, and there is rea-
son to anticipate that it will con-
tinue so. The Dardanelles' opening
is likely to come in time to affect
the coming crops position seriously
while all the rest of the world is
producing as much wheat as pos.
sible.
Last winter there was demand
that the Government buy and ware.
house cotton, Of which there was q
huge surplus, and at the same time
that it embargo wheat, Of which
there was also a huge surplus
Neither policy was adopted. Com.
mon sense and economic law are
now vindicated, in the spectacle OF
cotton going up again to very re.
spectacle figures, and of wheat 20.
ing down to similarly logical ones
1t would be fine thing if the ad
vocates of legislative remedies fol
ali the ills Of the economic system
could be compelled to take note Of
the facts in these two cases. Il
might help steady the boat mex
time somebody wanted to rock it.
The Washington times., 1915-06-03

present affairs and even the ultimate
destiny Of Germany that there would
be every reason for her ambassador
to be dispatched to the White House,
not to ask what the United States
was going to do, but to suggest
what Germany would do If only an
opportunity were offered her to do
it.
For everybody-German German
American or American--there is
that much ground for cheer in the
visit of the German ambassador
yesterday to the Chief Magistrate Of
this nation on the eve Of his re-
joinder to the unsatisfactory and in
sufferable explanation by the Berlin
foreign Office of the repeated
slaughter Of American citizens while
in the exercise Of their rights under
the laws of nations and the rules OF
war.
The Washington times., 1915-06-03
THE RAILROADS POSITION

The situation of the railroads is
nominally improving somewhat, but
the most recent statement from the
statistical bureau of the Interstate
Commerce Commission is not reflec-
tive of the general improvement of
business that is reported from all
parts of the country. Operating
revenues during April were set
down as 100000 less than for the
same month a year ago; but a re-
duction of $6,OO0,OOO in operating
expenses made it possible to show
an increase of almost $4,000,000 in
the net.
For the ten months Of the fiscal
year beginning last July, it is shown
that operating revenues lost about
$S0,000,00O as compared to the cor
responding period of the preceding
year; but operating expenses were
reduced almost as much, leaving the
net almost precisely the same in
both years.
There are signs that in the last
few months distinct improvement
in railroad conditions has been TAX
ing place, but thus far it is not much
shown in the figures. Business is a
good deal better than it was for a
time after the European war broke
out; it is returning somewhat to the
normal. Comparisons with a year
ago are not quite fair presentation
because since a year ago the busi-
ness has had to go through and re-
cover from the great slump that fol-
lowed the outbreak of the war and
the cessation, for instance, Of the
movement of cotton in the South
The really important significance OF
the figures now published is that
business has got back to about its
normal posture as of the time be-
fore the war. Had there been nc
war it would not have suffered the
extraordinary depression of last au
tumn; but the fact that it is so gooc
today as the figures show, indicates
that the great recuperative powers
of the country's business organism
have been exerted in an amazing
measure. There is every reason tc
believe, in view Of the rapid recov.
cry, that there will be continuation
Of improvement for an indefinite
period, and that the war, which
caused an immediate slackening, will
at length produce an opposite effect
The Washington times., 1915-06-03
Thousands in New York
Working on War Orders

NEW YORK. June S.-Twenty-five
thousand men are working in the big
manufacturing plants of Long Island
City and other sections of Queens max =
ing war materials for the allies and
Germany. The materials for the Ger
mans. it is said, are shipped to South
America and then reshipped to neu-
tral European ports, whence they are
smuggled into Germany.
The materials include everything
from first-aid-to-the-in injured kits 20
shells and shoes. Officials OF none of
the plants will admit that they were
hlling war orders but 1T was learned
Queens is making materials for some
of the armies.
The Washington times., 1915-06-03
FILLING THE SHIP VOID

Nature abhors a vacuum; and so
does economics. A real demand for
something in the business world is
likely to be provided without very
long delay, once the existence Of the
demand is made quite certain. There
are accumulating evidences that this
economic law is working toward
provision of ships for the foreign
trade of, this country.
From Pittsburgh comes announce
ment, for instance, that contracts
have been made this week by one
steel concern for turning out the
steel for eight big vessels that are
to be constructed in American yards.
1t has been dawning on the public
mind for some time past that Amer
lean ship constructors are expert
encing a revival in their business
that is one of the significant devel-
opments of the times. The expla-
nation is not far to seek.
1t costs more to build ships in this
country than abroad; but it does not
cost so much more than it formerly
did, because of the tariff adjustments
that have admitted materials for
shipbuilding free. That is one element
The other is that foreign shipyards
are overtaxed taking care of the
naval requirements of the warning
countries, and are practically out of
the competition for general business
The merchant marine Of the world
has been drawn upon in a measure
that can only be conjectured, but
that is very large, to provide trans
ports, naval auxiliaries, colliers, and
the like. There is, in short, a world
wide need for ships that has made il
possible to bring American ship.
yards into a state of unwonted &C.
tivity simply because the world is
able to pay more for ships than il
formerly could pay.