davidaulloa/AmericanStories huggingface dataset:
Evening star., 1915-05-23
BANK AND TRUST STOCKS.
Financial Notes.

Rumors of an anti-American demon
sions in the New York stock market at
the close yesterday.
Savings are increasing all over the
United States. coincident with a great
influx of money and credit from Eu-
rope. With the industry of peace at
low ebb, this money plethora is
pressing for returns. with the result
that high grade bonds are yielding
smaller returns and are in good de-
mand.
Speculation is rife with the non war
order policy of the United States Steel
Corporation. There is strong I'M
preston that prior knowledge of large
domestic and South American orders
pending has Influenced the manage
ment or the corporation to hold itself
in readiness for contingencies Latest
hints indicate. also, that army and
navy orders from the government are
probable.
Wall street declares that a pool. head
ed by George w. Perkins. is responsible
for the rise in values of Crucible Steel.
Chino Copper dividend will be in
creased this week to So rate.
Chesapeake and Ohio's surplus at the
close of the present fiscal year is esti-
mated at about S2.600,00o. To May 10,
the company hauled 30.0O0.0OO bushels
of grain and $4,000 head of horses to
Newport News for export. Most of
this traffic has been delivered in cars
Of other roads. and the per diem charge
has sapped the profit to a large eX-
tent.
Bethlehem Steel Company's orders for
war material, past and present, are
said to total about So. 100000.
Lloyds Bank. second largest in Eng
land, will open savings departments in
its $50 branches, to encourage thrift.
Other banks will probably follow this
example
Evening star., 1915-05-23
NEW YORK COFFEE,

NEW YORK. May 22-The n1arke,
for coffee futures was very quiet to.
day, bur after opening unchanged to Z
points higher prices advanced quite
sharply on a little European buying in
the absence of prompt sellers. The
small interior Santos receipts probabl,
served to check offerings and inspired
a little demand. but sales were re-
ported of only 2.250 bags, The marke,
closed at a net advance of 10 to Il
points. May. 5-55 June, SOS; July, $50
August, S.64; September. $50; October
sT2, November. 6.15. December. SIS
January. s.s4: February. $50. March
S 95. April 7.d3.
Spot quiet, Rio No. I, ~ Santos No
4, ga.
Milreis prices were unchanged and
the rate of Rio exchange on London
was uncha angel. Receipts at the two
Brazilian ports, 10000 bags Jundiahy
receipts. 900 Victoria cleared $1,000
bags for New York
Evening star., 1915-05-23
COTTON MARKETS.
NEW YORK.

NEW YORK, May 22.-Rather a
sharp reaction followed an early ad,
vance In the cotton market today. and
the close was easy at a net decline or
to 10 points.
Reports of unsettled weather in the
south and complaints that the renewed
rain was delaying crop progress. par
ticularly in Oklahoma. probably ac-
counted for part of the early buying.
The market opened at an advance OF )
to points and sold about to points
net higher shortly after the call on
covering and local bull support The
irmness Of the early stock market may
have contributed to the advance. and
there were reports of a little southern
buying through southern spot houses,
which was supposed to be undoing
hedges against sales of actual. The de-
mand, however, was limited, and the
advance was checked just above 10
cents for October by sea ttered really
ing for over the week end, while SELL
bearish view of the visible supply
figures and private predictions for
clearing weather in the south: The
official forecast indicated clearing
ern belt after further showers to-
night. but was generally unsettled
weather today and tomorrow in west
ern sections Closing prices were the
lowest of the day. with active months
showing reactions of some IA or 10
points from the best. There were no
cables, as Liverpool was closed today
and will remain closed Monday. and
general business here continued very
quiet The visible supply showed a de-
crease of S3.s63 bales for the week
comparing with a decrease of 133.764
for the same week last year. and spin
uers' takings were placed at only
203.264 bales against 213.475 last year.
The amount Of cotton on shipboard
awaiting clearance. however, was re-
ported considerably in excess of last
year Today's port receipts. 1s.1s7
bales: exports. 45,462: stock, 1.153.742.
Seasons receipts. 1o.3oo,7Ss bales; ex-
norris 76T4561
Evening star., 1915-05-23
NEW ORLEANS.

NEW ORLEANS. La. May 22.-
While cotton was steady in the early
trading today and went to an advance
Of 5 to 6 points. it developed weakness
late in the session. net decline of
to 10 points on the most active months
and closed at loss of to Z points
It was not an active session. trading
being restricted to some extent by the
holidays in Liverpool.
The war activity in Italy was the
main influence in the early trading
and some buying was caused by the
large mill takings for the week
273 900 bales, against 161. 900 this week
last year Exports for the week of
1883 bales. against so.es3 this week
last year. also excited favorable COM
ment. Shorts bought covers around the
opening. but when the covering move
ment ended the market lacked sup
port and prices dropped. A little later
what looked like liquidation of long
cotton started and under the offerings
prices quickly fell to a level IA to 16
points down from the best.
Evening star., 1915-05-23
PROVISION MARKET.

NEW YORK, May o-Flour-Firmly
held Rye flour-Quiet, Cornmeal-
Steady Rye-Steady. Barley-Quiet.
Wheat-Spot irregular; No, = red, 81
and No. . hard. 1.63A elf. track: No. l
northern Duluth, Isl, and No. ] north
ern Manitoba. 1.61 u elf. Buffalo. Flu
lures easy; May. 1.57l2.
Corn-Spot easy; No. yellow, IS
prompt shipment.
Oats-Spot steady. Feed-Steady. Hay
Barely steady. Hops-Quiet. Hides
Steady. Leathe-Firm. Pork-steady
Beef-Steady. Lard-Weak middle west
9.45a9.55. Tallow-Quiet Wool-Steady
Rosin-Quiet. Turpentine-Easy: ma
chine barrels, ~. Rice-Quiet. Mo-
lasses-Steady.
Evening star., 1915-05-23
Growing Demand for Steel

According 20 reliable reports from the
S'eei trade consumption Of steel is
csily growing, the United States Steel
corporation Is working AZ the rate Of
40 per cent of its capacity, and price.
81 steel products have had important
increases in recent weeks our con-
per production is being consumed not
only abroad, but by our home manu-
facturers al prices much higher than
have prevailed for many years Our
national products continue 10 be ship
red abroad in volume never eaIIalsd
before We no longer are apprehen-
Sivs concerning the return OF Ameri-
can securities We can pay for them
with the utmost ease from our balance
of trade and payment of this kind is
sure and valuable and adds as surely 10
our national wealth as though We re-
ceived pay in gold The fear is now
being expressed in some quarters that
- our secukjues are rapidly coming to
Evening star., 1915-05-23
Condition of the Treasury.

The condition of the United States
Treasury at the close of business yes
terday was:
452: total receipts. se.1l2,7S3: total pay
ments, s2.34s,510.
The deficit this fiscal year is Sfo7,-
070,664. against a deficit of $40,007.771
last year. exclusive of Panama canal
and public debt transa ctions.
Evening star., 1915-05-23
CoTTONSEED OIL.

NEW YORK. May 22-Cottonseed oil
was quiet. with prices shade higher
on covering of July shorts and light
offerings generally Outside trade
showed little interest. Final prices
were unchanged to four points higher
Prime crude, 547a5.6o prime summer
yellow. $40: May, 6.3s: June. 6.46: July
$50: August, SIS. September. SIS; Oc-
tober. s.s7 November. 6.72; December.
6.73: prime winter yellow and summer
MhitA. 6.AA
Evening star., 1915-05-23
CHICAGO LIVE STOCK.

CHICAGO. May 22-Hogs-Receipts,
1000 head: weak. Bulk. 7.55a770;
light, 7.40a775, mixed. 7.35a7.7O; heavy.
7.15a766; rough. 715a130; pigs. 6.00a
735
Cattle-Receipts. 100 head: steady
Native beef steers. 6.90a9.25: western
steers, 635aS.00 cows and heifers, 325
a870 calves. 6.50a950.
Sheep-Receipts. 1000 head steady.
Sheep, 7.40aS.40. lambs, 7.75a10.15.
Evening star., 1915-05-23
FINANCIAL.
S AND SO MONEY
to Loan on D. G. Real Estate
JESSE l.. HEISkELL. 1903 II u. Nv.
| WILL SELL

$4.OOO Georgetown Gas So at l0l. :
S:.OOO Washington tsss SO at 1854
S1.OOO Potomac COnsld. SC at 1O0tr.
S:,OOO &. 4 y. Tel. list So of Va. at 0Ssk.
Is Washington Rwy. pfd. at 81 Ais.
10 Washington las at sSp.
- NerRenfhaler at is5.
; LanstOn af 81.
: National Bank Of WashinGt0n at A.
3 Munsey Trust at O6.
70 Wash. and Southern Bank at 100.
10 Continental Trust st 40.
100 Washington Baseball Club At 1Oaa.
i5 \. and W. Steamboat at ITO.
70 Heurich's Brewing at l0@.
70 Graphophone pfd. At ~.
30 tiraphophone com. Mt rs.
| WILL BUY
10 Capital Traction fsny part, at e7sh.
Is Washtngton Rwy. pfd. at s4se.
~ Mashtnkton Gas at -.
10 Mergenthalcr at IS3.
10 LanstOD at R0
50 Farmers and Mechanics Bank At 2lS.
10 American mt. Rank mt Ise.
> Nat. Bank of Wash. mt 2OS.
IS L. s. Trust mt ~.
10 y. and ". Steamboat at 155.
100 Washington Baseball Club at II
p Graphophone pfd. at S314.
25 GraphOphOne com. at 5Ol.
Subject to previous acceptance or
cancellation. All executions for cash.
Buying and selling orders on all listed
stocks and bonds solicited.
Deliveries for cash at your own bank.
THOMAS L. HUME, Broker,
1410 9 st. Rooms 9-11. Tel. NJ. 1346.
Evening star., 1915-05-23
RANKS SHOW INCREASES.
New York and Chicago Loans Are
Greater BY $72,OOO,O00.

Loans and discounts of national banks
In New York and Chicago Increased
more than s7..00o.0oo in the period be-
tween March and May l. according
to an announcement yesterday by the
Evening star., 1915-05-23

regions. have an assured future and are
good fields for enterprise.
England is the chief example Of a
country that has prospered in the role Of
promoter, organizer and capitalist"
Book Values
The book value of Washington bank
stocks. based on condition May 4. and
on last sale of the Stock Exchange. as
compiled by Crane, Paris & Co, fol-
lows:
Evening star., 1915-05-23
TUMBLE IN GRAIN PRICES
Reports of Italy's Warlike Attitude
Has Depressing Effect in
Chicago.

CHICAGO. May 2o.-Action by King
Victor Emmanuel which seemed to i'm
ply that Italy regarded herself ~
already at war made wheat prices
tumble today. notwithstanding an early
advance. There was an unsettled close,
Is to " under last night Corn
finished 3 to Z down: oats. u or to
ls up, and provisions at ~ to loh de-
cline.
Despite the fact that in the first half
OF the session crop damage reports
had led to excited buying of wheat. q
flood of holdings swept into the pit
when announcement was made that
the Italian king had signed a measure
comforting on his ministers extraor-
dinary powers lasting for the dura-
tion of the war" On the downturn
that quickly followed in values the
sellers We're said to have included not
only spectators, but elevator people.
millers and farmers as well. Opinions
from leading expert that Kansas crop
damage had been overdrawn contribut-
ed more or less to the rout of the
bulls.
Reports of Seeding Unfavorable.
Assertions that late seeding through
out southern Illinois had been virtual
ly a total failure were chiefly instru-
mental in bringing about the wave Of
buying with which the market began.
Besides, it was said most of the Ar
gentine reserve stock had already been
shipped or arranged for. and that signs
pointed to a decrease in the domestic
visible supply total Monday.
Corn advanced and then receded In
company with wheat. Excellent hsld
conditions tended to accelerate the
final downward action of the market.
Oats proved relatively firmer than
corn The reason appeared to be COW
ering by prominent shorts
Provisions lacked support. Lower
prices for hogs made buyers lag.
Evening star., 1915-05-23
NEW YORK LIVE STOCK.

NEW YORK, May 22-Beeves-Re-
ceipts, +2% head: no trading.
Calves-Receipts, 3l5 head no trad
ing.
sheer and lambs-Receipts. 2.5S%
head. lambs. irregular: sheep. weak;
Maryland spring lambs sold at $12 per
$50
Hoss-Receipts. 2.oS3 head; no trad
inr
Evening star., 1915-05-23

, controller of the currency.
St Louis showed a decrease of bout
81. 900, 900.
Total deposits in all three cities
showed an increase in the same period
of more than $245, 100000
Evening star., 1915-05-23
MARKET RECEIVERS
FROM RECENT PANIC
Brief Disturbance Caused by
Complicated Conditions
Leaves No Trace.
u. S. PROVIDED AGAINST
ANY FINANCIAL FURRY
Crop Prospects Reported as Excel
lent-Growing Demand for Steel.
Money Plentiful.
ia Correspondence Of The Star

Special 6orrc sprndsnre Of The Star
NEW YORK. May c2.-UalI street
is now firmly convinced that II
has found its hearings. despite the Sc
rious complications which so recently
threatened to embarrass the security
markets and which in reality were the
immediate cause of short but inde-
cisive panic in the week before last
Wall street is now basing its founda
tions of security on two Fundamental
propositions: The first. that war with
Germany, under present conditions. is
an impossibilty; the second. that even
in such contingency, there can be no
serious disturbance to our financial
commercial and Industrial position.
When the war broke out in Europe last
August it found the international finan-
ciaI mechanism totally unprepared for
such an emergency. and it was only by
heroic efforts that equilibrium in this
respect was restored. Since that time
the United States has materially
strengthened her financial status: she
has the added benefit of the new federal
reserve system, and is not likely to be
embarrassed by any sudden furry in the
money markets, nor even by an unwar-
ranted depression in the price of Sc
curities. Though in many sections OF
the country there is a feeling of great
uncertainty as to the course of events
IN the immediate future, the situation
is not one that calls for alarm. especial
" in so far it affects the business and
investment situation. Taking the case
of the security markets. we must not
forget at the start the unusual decline
that has already taken place there in
the last few weeks. This decline rep
resents from FIVE to fifteen points in
our standard and usually stable securi-
ties and from twenty to thirty points in
many of our Industrial stocks which
have recently become active by reason
of increased business largely on ac-
count of war orders.
Evening star., 1915-05-23

See here. Harold. you have green
hair on your coat"
We'll. my dear, I called on you Mon.
day night"
But wore purple hair Monday
night"-PittshusEh Post
Evening star., 1915-05-23

Il suppose the price of New England
pies will go up, won't it," Yes. be-
iieve the war affects hardware in all
its various forms. Life.
Evening star., 1915-05-23
STATEMENT BY BANKS
IN RESERVE SYSTEM
Resources and Liabilities as Report.
ed at Close of Business
May 81.

The weekly statement Of resources
and liabilities of the federal reserve
banks at Richmond at close of busi-
ness May II is as follows:
RESOURCES
Gold coin and certificates. ........... $7.I72,oOO
Legal tender notes: silver certificates
snd subsidiary coin. INSTRUMENTATION. $4,000
Bills discounted and loans. 7,191 COO
Investments 1000
Due from other federal reserve banks
net ..................... 1,465.Ooo
All other resources ................ 5000
Total resources .................$ .$15,s77,ooo
LIABILITIES
Reserve deposits Observation-Disclosures. So. c49, 900
Federal reserve notes in circulation
net amount ..................... 1890. 900
Capital paid in Observation-Disclosures. 3,344, 900
All other liabilities ................. $1,000
Total liabilities ....................$l5 .$l5,977,OOO
Gold coin and certificates in the hands
of the twelve federal reserve banks in
creased during the past week more than
100000, according to the statement Of
their condition May II. 1t shows:
RESOURCES.
Gold coin and certificates. ......... $24S, $40. 600
Legal tender notes. silver certificates
and subsidiary coin -............... go SS2, 900
Total ................. go, 2os, 900
Bills discounted and loans:
Maturites within so days. 13, $50. .0O0
Maturites within 10 days. IL, $4,000
Other Observation-Disclosures. S.32J, 600
Total Observation-Disclosures. "A, ,626. 600
Investments Observation-Disclosures. %, 342, 600
Due from other federal reserve
banks:
Items In transit 6.650,OOO
All other resources ............. l1.6AS,OOO
Total resources Observation-Disclosures $362 474 600
LIABILITIES.
Capital paid Observation-Disclosures. in $54, ,Is5, coo
Reserve deposits Observation-Disclosures. 295, ,OSs, 900
me, liability, ........... 1o,s5s 900
All other liabilities s.............. 2,442,O0O
Total liabilities ...............-$ $362. .474. 900
Gold reserve against net liabilities S1.31o
Cash reserve against liabilities 1910
Cash against liabilities after
setting aside 40 per cent gold
serve against net amount Of federal
reserve notes In circulation. 95.6To
Evening star., 1915-05-23
WEEKS RANGE OF PRICES.
Corrected to the Close of Business May % al
the Office of The Evening Star.
Railway and Miscellaneous Shares.

following
Exchange andv
Ito
Evening star., 1915-05-23

II pays to read the want columns of
The Star. Hundreds Of situations are
hlled through them.
Evening star., 1915-05-23
Trading classed as Sluggish.

Trading in the first part of the week
was however. inclined to be somewhat
sluggish and entirely without the sup
port of the general investing public.
which showed disposition to await
developments in the matter of our note
to Berlin. Thus on Tuesday the total
market for stocks was but slightly in
excess of 100000 shares and on We'd
nesday the same condition prevailed.
When compared with the million share
sessions which have grown to become
the rule and not the exception. this is
q decided falling off. but Wall street is
convinced that this is but temporary
situation.
There has been very decided reduc-
tion of foreign selling of American Sc
curities, Notwithstanding that investors
in the European belligerent countries
are sti1l holding a large quantity of
American stocks and bonds for which
there is ready market here at this
time. Germany alone is said TO be hold
ing one thousand million dollars worth
and should war break out between the
two nations the rules of warfare would
prohibit further trading, so that these
securities would be. for the length OF
the war period, entirely removed from
the investment markets. Reports were
current in the early part of the week
that large German interests in America
had received very unsettling reports
from Berlin. but this was denied in
authoritative quarters.
Evening star., 1915-05-23
Crop Prospects Excellent.

Though there has been some DISPOSE
tion TO accept private modified reports
of the crop prospects. instead of the
glowing presentation made by the gov
eminent few weeks ago, we are
again face TO face with the promise of
bumper harvests-and at a time when
prices are unusually high. One i'm
portant estimator this week makes the
claim that 100000 900 should be de-
Quoted from the governments estimate
of 5S3, 100000 bushels for winter wheat
IL is well TO remember, however, tI.at
the government is usually highly con-
servatIve in the estimates that appear
early IN the season. and that final
production almost always exceeds the
nrst predictions. Last years harvest
~ viii be remembered. was over So
100000 bushels in excess OF the Nav
estimate Before the end of the month
the winter wheat harvesting will have
begun and the weather conditions
throughout the grain belt have been
IDEAL for this process Many reports
OF insect damage and other handicaps
10 the growing wheat have been re-
ceived in the east, but this is the sea-
son OF the year when the crop re-
porters invent their fake stories about
the killing of the wheat crop, and we
must look for just such reports at this
particular time. The chances are how :
ever, that the wheat crop of 1915 Will
exceed last years record breaker.
oprlhS "neat has been sOwn under
more favora BILE conditions and all other
spring-sown crops are now in the
ground with everything to favor their
growth The next government report
on the condition Of cotton will be is
sued at noon June !, and will show
ibe CONDITION OF the crop MAY %
BESIDES the report on cotton due June
!. from the Department of Agriculture
mere VIII appear at 2:I5 pm June s
the grain report of conditions as of
June ! The scope of insect damage
since the report of May l condition
VIII ne reported in this report on win
Ter wheat In addition to that the
acreage OF spring wheat. oats and bar
lt$ VIII be given. The condition of all
nc large gram crops, excepting corn
VIII fol the first tune this season ha
aNailab4e Tor comparison at one time
J ms VIII be the ID ST report on Winter
"heat before harvest begins in me
south west
Reports from cotton districts in the
south are highly sncourtging cottoo
- being shipped abroad in double tba
quantity pf one year ago and A larper
amount Is beng used hy our bone
manufacturers than one wear ,go
Rains in the eastern part or the ,n,
ton belt have put cotton and othe,
crops IN splendid shape. and the sourh
ern farmers have diversified their oner-
atoms more than ever before Tbs
acreage planted In cotton has NOT bssn
reduced as much was expected due
10 the high prices realized in Ann
Which encouraged the farmers IN 90
'fease the amount of their late plan,.
Evening star., 1915-05-23

frances s1oo.ooo.ooo gold transfer to
the Bank of England with establishment
of a 5000 600. 900 credit, was utilized to re-
nit gold 10 New York from Ottawa. Ad-
ditional gold direct from France and a
shipment from Japan also were announc-
ed, but the feeling grows that new and
larger credits will have to be placed here
II foreign exchange is not to become ut
terly demoralizsd.
Foreign sales OF American securities
still press on the New York market, but
without appreciable effect, although inter
national bonds al times moved heavily
New South American credits were sought
here. with negotiations still in progress
Reports show but slight effect on plac-
ing Of orders in any industry because OF
tho chance of a rupture with Germa n.y.
In fact, the United States Steel Corpora
lions output at this time is over Is per
cent Of capacity. compared to 40 per cent
early in the year.
Winter wheat shows severe deteriora
ton In certain sections. but nothing short
Of extraordinary weather conditions Is
likely TO prevent an enormous yield OF
this and other foodstuffs.
Indefinite prolongation Of the war
seemed to be the prospect read in the
military news by dispassionate observers.
The Appeal. [volume] (Saint Paul, Minn. ;) 1889-19??, 1915-04-10
WARDEN's POLICY KINDNESS
New Head of Atlanta Prison Outlaws
Lash and Dungeon.

New Head of Atlanta Prison Outlaws
Lash and Dungeon.
Atlanta. Ga.-Prison dungeons and
cat-o'-nine-tails treatment will be out
lawed by the new warden of the fed
eral prison here, Fred Zerbst. ex-dep-
uty warden of the federal prison at
LeavenWorth. Kan, who took charge
April !. Mr.. Zerbst said that all of the
federal prisons had abolished the old
time corrective methods and that his
policy would be to win over the prison
ers through kind treatment.
"The best way to treat these. men is
to appeal to their manhood and sense
Of right" he declared. 1.-The whipping
post and the black hole are relics of
the past The new plan calls for close
confinement as the usual punishment
for fnfraction of rules, and l feel sure
this will accomplish more than any
other method"
In his trip through the prison Mr..
Zerbst kept his eye open for the dun.
geon" which Julian Hawthorne and
other prisoners described, but he de.
clared after his first tour that he had
failed to locate it. Warden Meyer
whose position Mr.. Zerbst takes, has
maintained all along that there was NO
such place, and he has challenged his
foes to find it.