davidaulloa/AmericanStories huggingface dataset:
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1915-06-30

3s Silk Suits formerly S25 to $780, 5Oao Off
SIS White Golfne Suits OBSERVATION-DISCLOSURES. SS95
$3.50 Palm Beach Suits Observation-Disclosures. $685.
1915 Palm Beach Suits S59S
SIS to $50 Cloth Suits, S.
S25 Cloth Suits, S795
SIS Cloth Dresses, S69S
$3.50 Gone Coats, white colors S49S
SO White ChinchiIa Coats S698
SIS $50 White Chinchilla Coats So rs and S1295
SO to SIS Cloth Coats, S49S
s. Silk Taffeta Skirts, S3.98
S. 80 Black Navy and Check Cloth Skirts So SO
So $3.50 Gofne Skirts white colors So 80 and 81 SO
SIPS White Ratine Skirts, all sizes soc
$3.50 White Ratne Gabardne and Novelty Tub Skirts 81 SO
$500 White Ratne Gabardine and Novelty Tub Skirts
Choice of all Formal Evening Dresses worth to $50 $500
S25 $50 Silk Taffete and Crepe Dresses S149S
$500 White Lingerie Dresses SS.95
So to $3.50 Colored Tub Dresses. So SO
$40 to $3.50 Coored Tub Dresses .............S69
Table Misses 81 90 Waists 30c
Table of Fresh New S100 Waists soc
Table of Fresh New $3.50 Waists CSC
Table of Fine Lingerie 81 90 Waists SO
Table, Lingerie and Silk Waists $3.50 value SO
Fine Organdy Wolfe Waists 90 to 81 90
Fashiou Reieus
Evening star., 1915-03-07

the railroads are now permitted to I'm
pose an appreciable burden on domestic
trade?
Six hundred and eighty answered that
the increased cost of freight Is not ap-
preciable Twenty answered the In
creased cost of freight has checked
business.
money is cheap, credit is subnormal.'
Is this true of your section or can the
average borrower obtain the money he
requires with the usual facility. Three
hundred and ninety-three answered
credit is closely scrut!nized. Three
hundred and seventeen answered IA
cilities about as usual. Fifty-eight an
swered accommodation unusually abund-
ant.
s. Are people generally disposed to
economize and If so Is this economy
caused by reduced earning power or
increased thriftiness and sobriety OF
thought and living? Qf it be true that
"F;conomy is wealth" this is the most
important of all the questions sub
Four hundred and ffty-eight answer
ed economy general from necessity.
One hundred and eighty-four answered
economy general from choice One hun,
dred and four answered no unusual
economy noticeable.
I, what, in your opinion, is the out
look for American business during the
one hundred and sixty answered dis
coura ring. One hundred and twenty
one answered Normal. Four hundred and
twenty answered encouraging
Conclusions Based on Inquiry.
From the answers it is plain that job
bers and distributors generally have
Evening star., 1915-03-07

small stocks of goods on hand and
need supplies; that Of such persons as
are able to save. the majority are not
investing; that unemployment is un-
usually large; that the $50 increase in
railroad rates has not affected business
adversely; that the supply of money
is normal, but credit is closely scrutin-
ized: that economy is becoming gem
and that the general outlook is en-
couraging.
The writers include bank presidents,
railroad presidents, heads Of iron and
steel mills, farmers, lumber merchants,
paper makers, publishers. miners,
wholesale grocers, glove manufactur-
ers, heads of insurance companies,
lawyers. retired capitalists, makers of
sewing machines, firearms. stoves, pull
leys, agricultural implements. break
fast foods. rope. twine. pins. carriages,
automobiles. furniture. -four. electric
cranes. screws, millinery. bridges,
pianos, office appliances. pharmaceuti-
cal preparations: heads of telephone
and telegraph companies, sugar mills,
distillers, breweries, woolen mills. cot
ton mills. cotton seed mills, gas plants.
dealers in lumber, coke. pig iron, gem
eral merchandise, sand and gravel,
valves, varnishes. drills, stationery. ce-
ment, plate glass, ink, asphalt, leather.
railroad experts consulting engineers,
land agents physicians. sugar planters,
hotel owners. car manufacturers
wholesale druggists. etc, etc.
the detail with which the respondents
analyze affairs in their territory, and
illustrate their observations that the
reader gets the full significance OF this
Evening star., 1915-03-07
Market Unable to Withstand
Moderate Pressure Exerted
Against Leading Ones.
DEMAND SEEMS STRONG
FOR INVESTMENT ISSUES
News of Iron and Steel Industry Ac-
cepted as a Favorable
Trade Augury.

NEW YORK. March 6.-Some reac-
ton from yesterdays strong undertonc
was manifested by today'S stock mar
ket. trading in the short session being
generally a the expense of quoted val
ucs- Dealings were restricted to a de
gree by the storm, which cut off com
munication with interior points. Trad
ers as Il whole were again committed
to the short side. but were cautious ill
their attitude.
Shares of the 500" road were al
most the only railway issues to make
further Improvement. most of the Pa
cifics. trunk lines and granSers being
under moCc crate pressure. Some OF the
high-priced specialties. including Amer
lean Tobacco. Liegctt & Myers and
Lorillard, were strong. The peculiar
character of the movement i'll dormant
issues was seen in Il ltpoint gain for
Harvester Corporation common ana a
decline of ~. points for the preferred.
American Locomotive preferred, Win
a drop of 3 points. and Pressed Steel
Car common and preferred. each OF
which fell 2 points. met their new MN :
imum prices. American W oolen ana
Mexican Petroleum displayed some
weakness the entire list showing
heayiness at the end.
Evening star., 1915-03-07
CHICAGO GRAIN.

CHICAGO. March 6-Unabated for
eign buying tended today TO dispel
dread of flood Of Russian wheat
through the Bosporus and helped
bring about strong market here.
Prices closed steady at 21s to ga net
advance. Other gains were: Corn. q
to %.a5s: oats. u to 5sal, and provi-
sions. I0a12ia 10 25.
Export business in wheat today.
which was said to aggregate at least
only by seaboard cities. but also by
Chicago. st Louis. Kansas City, Du-
1uth and Winnipeg In addition to
spot cash purchasing, the July deliv-
cry. as well as the May option. was
HberaIly taken on foreign account.
Heretofore, as a rule, Europeans have
confined their future trading to May.
Confidence among wheat buyers be-
gan with announcement that quota
tions at Liverpool were firm. and was
notably increased by private advices
here from f-trograd saying il was un-
true that great shipments would be
made from Russia soon as the
Dardanelies were open. In this con-
nection. persistent demand from Italy
and other Mediterranean countries was
regarded by bulls as extremely signif-
cant. especially in view of fresh un-
easiness about the Balkan states. Tn
favorable weather in Argentina and
the Punjab assisted in preventing any
lasting interruption of the days ad-
vance.
Scantiness of receipts had strength
ening effect on corn So. too, did the
wheat bulge. Nevertheless, there war
enough bearish sentiment in the pit to
enlarge offerings whenever the ascent
appeared throughout the session. II
was said that even without any fresh
call they would be kept busy for some
time f1lling present contracts to shiE
to the seaboard.
Higher prices for hogs and grain
made provisions climb. The bulk OF
the buying came from shorts.
Evening star., 1915-03-07
COFFEE MARKET.

Ne" YORK, March S.-The market
for coffee futures opened steady at a
decline OF / point to an advance of
points on the continued steadiness
of Brazil and some renewed demand
from houses with European connec-
tions. Prices later eased of under real
izing and some renewed liquidation OF
the near months. however, with the
close net points lower to 2 points
higher. Sales. $3.50 bags; March. 5S8;
April. 5.7s: May. 5.82; June. 5.84; July,
October. T.05: November. I'll; Decem-
ber. 71s: January, 7.22.
spot-Quiet; Rio, No. Z. ~; Santos,
No. 4. 9ss.
Rio exchange on London was Nd
higher and milreis prices were un-
changed. Brazilian port receipts, 49,
900 bags; Jundiahy. 1900 bags. Rio
reported a clearance of 1000 bags and
Santos of 108, 900 bags for New York.
Evening star., 1915-03-07
NEW YORK PRODUCE.

NEW YORK. March 6.-Flour-Quie1.
Rye fiour-Dull.
Buckwheat f1our-Dull.
Buckwheat-Steady.
Cornmeal-Steady.
Rye-Steady; No. western, 1.2o C. L
+. New York.
Barley-Steady.
Wheat-Spot strong; No. red, 1.52,
and No. 2 hard, 1-535 all rail C. /. {.
track export; No. l northern Duluth,
1.48, and No. l northern Manitoba, 1.52z
C. /. f. Buffalo. Futures steady. May,
1.49A.
C. /. f. to arrive.
Oats-Spot steady: standard. 611s:
No white, 81; fancy clipped white. 6sa
Ga
Hay-Firm.
Hops-Quiet.
American, so.
Leather-Firm.
Pork-Steady.
Beef-Quiet.
Lard-Firm: middle west. 99oa10.00.
TalloW-Steady.
wool-Steady.
Rosin-Quiet.
Turpentine-Steady.
Rice-Firm.
ENTHUSIASTICALLY.
Evaporated apples-Quiet.
Prunes-DulI.
Apricots-Steady.
Peaches-Firm.
Raisins-Quiet.
Evening star., 1915-03-07

Tust companies are objecting to nav
ing their field of operations invaded ny
members of the federal reserve syseeni'
The American Bankers journal soee
SO far as to suggest that trust com
panies appeal to legislatures OF .he
various states that are now In session
for protection of their right
That members of the fedora al~reserve
system will take advantage of the pro-
visions of the law, more or less freeiy'
is evident from the fact that two ma
tional banks of this city have nieo
their applica tions: one has beep grant
ed the right to act as executor, admin
istrator, registrar, etc, and the other
expects the approval OF Its appiiea'ioi'
in the immediate future.
The question of the conflict OF ioeal
laws. in so far as the District OF 90
lumbia is concerned. is one of consid
erable interest. Under the Diserict
code a trust company cannot pc Or
ganized unless a capital OF at leaSt one
million dollars has been arranged.
Permission has been granted, tnroush II
the Richmond regional bank, with the
approval of the federal reserve poard'
for an institution of less cap'tai >
above the s1.00O,00O mark, to exercise
these functions.
Sentiment of the federal reserve
board has been tested in the matter
and the theory advanced ls that tne
federal reserve law overrules the pro-
visions of the District code. Congress
being the author of both the reserve
law and the code.
Another provision of the code OF the
District as to trust companies reaulnes Is
of the trust companies be carried with
the controller of the currency as
surety for trusts which they may as
sumo.
given mortgages on certain properties
as their quota of surety. while others
have deposited bonds and other securl-
ties.
serve board may lodge in the member
banks the right to do a trust company
business. some trust company omciais
believe that the courts are likely to
The former claim to believe that the
federal reserve law will be found 70
cover this feature of the case, as well
as the capital provisions.
The>Beef Barons.
From time to time much has been
heard of the--"beef barons" and the
packers trust" said to be in busi-
ness for the express purpose OF get
ting all the profit possible out Of the
meat business at the expense OF the
people.
In this connection the March circular
of the National City Bank of New
York, edited by the late director OF the
mint, George E. Roberts, has this
'ather interesting comment: 49,
"Since January 1, 1915, five OF the
largest companies in the packing in.
iustry have reported gross sales of
s1.1s4.12l.44s and profits Of s21.7n;- II.
The combined capital Of the companies
was $292,000.000 and the earnings on
the investment IA per cent. Their
bonded debts at the beginning OF the
year totaled $65, 100000 and their bills
:The average profit on dressed beef f
last year, computed at the rate OF
profit on all sales, was one-quarter OF
a cent pound. a fact inconceivable to
many people. because they do not ap-
preciate that a very small PERCENTAGE
Of profit on an immense business may
weld a large profit in the aggregate.
"The lawyers Of the Department tn IT,. OF
gin of profits, they were interested in
whether or not there had been con-
Evening star., 1915-03-07
Conditions in United States
Reviewed by Harris, Win
throp & Co., New York.
ANSWERS TO QUERIES
IN INDUSTRIAL WORLD
Views Of 1000 Operators Obtained,
and Conclusions Drawn Are En-.
braced in Published Circular.

sThe Present and the. Future Of
American Business is the title Of an
impressive fifty-two-page publication
gotten out by Harris, winthrop & Co.
of No. Is Wall street. It Is not the
work of ono man but 700.and those 700
the leaders of thought and action in
tho large affairs Of industry In the
United States.
In the introduction to the book Har-
ris, Winthrop & Co. confess they were
puzzled by the problems and paradoxes
of commerce and finance that con-
fronted the business world owing to
the war. At the beginning Of the
gigantic conflict the universal BELIEF
was that six months of such enormous
expenditure and destruction as the
struggle entailed would destroy trade.
paralyze finance and bring world
wide ruin. Instead there came after a
few months of general Generalization
an unexampled ease OF money here and
abroad, a renewal Of commercial actlv-
ity, q tremendous demand for certain
commodities and an advance IN the
values of many securities.
Was the improvement logical or
merely an inversion of cause and ef-
feet? There could be no denial OF the
and activity in America. but there was
doubt as to its stability. With no prec-
edent to guide them in judging the
question, they sought counsel OF 2,oo0
men who by their constructive work
in the fields Of industry and finance
have proved themselves leaders.
To these men they put seven ques-
tions, the answers to which would
make clear actual conditions through
ont the United States and forecast, SO
far as is humanity possible at the pres
ent moment. the outlook for the future
The answers are tabulated under
seven geographical divisions comprising
the middle Atlantic states. the New
| England states, the central western
and Rocky mountain states, the north
western states, the Pacific states. the
south Atlantic states and the south
| western states. 1t Is possible. therefore.
general or whether 1t affects only Ger
tain sections of the nation and If so to
what degree.
Questions and Answers.
The questions and the answers were
as follows:
! 1. Have jobbers and distributors in
your section large or small stocks of
goods at present?
Fifty-five answered large. Six hundred
and forty-six answered small.
9. Are those VINO are aDlo 10 SAves III.
yestine their savings or allowing them
| TO accumulate in the banks?
Two hundred and sixty answered in
vesting -Four hundred and forty-one
answered not investing.
3. Is tho unemployment of labor in
your section unusually large for the
| season?
One hundred and twenty-nine an
swered unusually small. One hundred
and thirty-seven answered about as
usual Four hundred and thirty-fve
answered unusually large.
I. Do the higher freight rates which
Evening star., 1915-03-07

Do c;f,c "A and Atchison 4s have been
standing this foreign selling very well
and some large blocks have recently
changed hands.
March Disbursements, $116, ,459,36S.
Interest and dividend disbursements
this month will amount to $116,45s,Sos'
according to compilations made by the
journal Of Commerce. This compares
with sl22,O35,357 in March q year ago.
81 the grand total dividends Will con
tribute $54,359, 1868, decrease OF s1O,-
1q5.989. owing to the fact that many
cornorations nave either omitted or re-
duced payments to stockholders For
the first time in a number OF years the
tinted states Steel Corporation VIII
wake no disbursements to the holders
of common stock. A year ago the cor
poration paid out $685.. .78l, or - per
cent Interest payments will approx
mate $62,100,000 against $67.6OO,Ooo IN
the same month year ago, account ..
the increase being due to new BOND
and note issues The city Of New York
will disburse in tho way of interest
s1O. .o0O, 900 Besides, 1t will pay out $S,-
oO0. 900. representing maturing revenue
A summary Of the March dividends.
with comparisons with the same month
a year ago, follows:
railroads 29,776.eH $SS. 299. ~
Street railways ........ 2,166,sOO 2, $50
i"'a' ". S. COUSINS.
Evening star., 1915-03-07
Recoveries in Grain Market.

Grain markets made some recovery
from their recent steady declines on
Increased buying by European inter-
ests. Foreign exchange was dull re-
mittances to London and the continent
remaining almost unchanged.
The measure of the demand Tor IN
yestment issues was seen in the clos
ing of the new St. Paul bond issue at
a profit to the underwriters and par
ticipants Trade reports indicate
better condition in the main. with some
backwardness at eastern and southern
points.
Financial operations of the week
were primarily responsible for the
large actual expansion of bank loans
which exceeded S32.000.000, while the
cash holdings were slightly increased
Excess reserves were contracted. how
ever. to the extent of over s5,O00,OOO.
Bonds were steady. with total sales
(par value) s1.59s.000. Panama reg
istered IS advanced Is per cent on the
week
Evening star., 1915-03-07
TREASURY STATEMENT.

The condieon Of the United States
Treasury at the beginning of business
yesterday was:
Net balance in general fund. s44,914,-
CO.
Total receipts. s1.9s1.l64.
Total payments, S2,0SS,0S9.
The deficit this fiscal year is sS0, ,963,
6s,, against a deficit of $26.652,365 last
year, exclusive of Panama canal and
public debt transactions.
Evening star., 1915-03-07
CHICAGO.

CHICAGO. March s-Hogs-Receipts,
5000 head; weak; bulk. 6.s0a690; light,
6.e5as.s5; mixed. s.s5as.95; heavy. 640a
$50; rough. 6.40a6.55; pigs, 5.5Oa66O
Cattle-Receipts. 300 head; steady:
native steers. 5.s5a3-15: cows and heif-
ers. 3.50a7.70: calves. 6.75a1O25.
Sheep-Recefpts, 900 head; strong:
sheep. 7.0oa7.90: yearlings. 775a8.S5:
lambs, 7.75a375
Evening star., 1915-03-07
LIVE STOCK MARKETS.
NEW YORK.

NEW YORK, March s.-Beeves-Re-
ceipts. 3o5 head; steady; common to
92 head; steady: veals, 9OOal 800.
Sheep and lambs-receipts, 1.136 head:
no trading. Hogs = Receipts. 1.235
head, steady; heavy Illinois hogs, 1885:
rpughs 625
Evening star., 1915-03-07
Superstrict.
New Haven Register

From the New Haven Register.
1T understand the Blanks are strict
vegetarians."
strict, l should say they are Why,
they won't even let their children eas
animal crackers.
Evening star., 1915-03-07
New York's Need.

From the Newburg Journal.
Billy Sunday says he can wake up
New York. That will never be neces.
sary. What New York needs is some.
thing to put her to sleep. She needs
a narcotic more than a stimulant.
Evening star., 1915-03-07
DRY GOODS MARKET.

NEW YORK, March 6.-Cotton goods
ruled steady today with moderate
trade. Yarns were dull. Dry goods inn
ports were declining. Linens were firm.
Burlaps were higher. Business in mems
wear was better for the week.
Evening star., 1915-03-07
Market Firmer and Quieter.

More confident sentiment was re-
dected in the firmer and quieter stock
market this week. There was evident
ly less fear of this country becoming
involved with belligerent governments
on account of reprisals affecting our
commerce. Official optimism at Wash
ington over Germany's reply to this
government and the chances of Brit
ish concessions helped this feeling. On
the other hand the British plan to
interdict German sea trade and the at
tempt to open the Dardanelles had the
effect of increasing belief in rumors of
peace prospects Speedy disproval of
some of these rumors esta ablished their
purely conjectural nature.
Wheats violent tumble was affected
tndifferently by fears of interrupted
shipments through war measures and of
release Of Russian shipments and by
rumors of cancellation of export orders
on peace prospects. Foreign trade gem
orally was decidedly affected by these
influences. February's fourth week
trade balance showing marked de-
crease from preceding weeks, while for
eign exchange rates stiffened There
ties from abroad: private banking
credits to foreigners and offerings of
new German war loan notes were re-
ported at Chicago and other western
points. Several small imports of gold
were received and more of the precious
metal is now in transit from Japan.
Evening star., 1915-03-07
COTTON MARKETS.
NEW YORK.

NEW YORK, March 6.-The cotton
market showed increasing f1rmness today.
with business moro active and general
than for some time past me ciose % was
\ The market opened steady, at an ad-
vance of to 3 points, in response to
relatively firm Liverpool cables and over
night buying orders, inspired by the nrm-
ness Of yesterday, the large spinners
takings for the week and the continued
steadiness of the southern spot markets.
There was enough realizing to cause
some little irregularity right after the
call but there was very little cotton Tor
sale, and prices soon became nrmer. Dc
mand seemed to broaden as the market
worked higher, and in addition to cover
ing there was considerable buying by
houses with southern. Wall street and
western connections. Active months sold
IA to II points net higher In the late
9.07, or 81 points above the low level
reached on the break early in the week,
while October touched 9.32, or within 1s
points of the seasons high record. The
buying seemed to be encouraged by the
absence Of hedge selling, reports Of a
good spot demand in the southern mar
kets and bullish advices as to new crop
prospects, which included statements that
sales of fertilizer tags in Georgia were
running far behind last years hgures.
Reports that steamer with cotton
from Galveston to Rotterdam had been
stopped by British warships appeared
to attract little attention. and senti-
ment as to shipping conditions seemed
to be somewhat less apprehensive.
Some traders are predicting great
Increase in f>Shi pments of cotton to Rus
sia should the Dardanelles be opened
by the allies, while unfavorable Brit
ish trade returns as to Exports were
offset by reports that Manchester was
very actively employed on heavy army
orders.
NEW ORLEANS.
NEW ORLEANS. La. March 6.-Cot-
ton bulged sharply. on the weekend
session. standing IS to Is points over
FRIDAYS last prices at the highest and
closing at q net gain of 10 to 13 points.
Peace rumors were the strongest in
fIuence in the trading, although a ru-
NOR that the allies would put cotton
back on the non-contraband list caused
no little buying. Reports that spot
shorts were having a hard time cover
ing commitments in Texas, which ad-
yancinR prices In that state seemed to
confirm, also had something to do with
the strength of the market, as did a
alta attstical estimate showing that over
25 per cent of the cotton acreage of
last season would go into grains this
season.
Stop-loss orders in considerable volume
were reached on the short side and
bears showed no aggressiveness at any
time in spite of the advantage given
them by high insurance rates on ship.
ments to Europe and predictions OF
heavy tenders on contracts in both
American markets in May.
Evening star., 1915-03-07
WEEKS RANGE OF PRICES
Corrected to the Close of Business March at
the New York Stock Exchange.
Railway and Miscellaneous Shares.

shows the weeks highest lowest yo
1914 and
Evening star., 1915-03-07
Metal News Is Favorable.

Favorable trade augurics Were orawn
from iron and steel news. showing i'll
crease in February production, and
March 1 furnace capacity further ex-
panded. The months enlarged steel
shipments, with lesSened rate of new
bookings forecast z smaller increase in
United States Steers untitled orders than
last month. The rate of new bookings
for March also is in question. The price
of refined copper rose again A luli was
reported in western freight tonnage, and
January earrings pointed TO the severe
economies in force.
Adjournment Of Congress WAS a ia
vorable influence. Argument for western
2eiGht increase and Missouri's refusal
to allow 1&-cent fare entered into
calculations. Default of the Western
Pacific railroad was without effect on
the general bond market. which was
broad and showed strong undertone.