davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-02-20
WEEKLY FISCAL STATEMENT -
OF FEDERAL RESERVE SYSTEM

An increase Of about 100000 in re-
serves Of the federal reserve banks
during the past week IL shown in
statement Of the banks condition Feb
ruary 10. issued yesterday by the re-
serve board. 1t shows:
RESOURCES.
Gold coin and certificates in vault $2ss .sse .ooo
Gold settlement fund .............. S1,64S,OOl
Gold redemption fund with the
U. 3. treasurer ............... 1,SVO,UU
Total so,d reserve. ,sss, 81 900
Legal tender notes, silver, etc.. Is. ia 600
Total reserve ............ ss5e. sol 900
Bills discounted and bought:
within 10 days. ss.es7. ooe
From II to 80 days. 1911. 900
From q to 90 da1s. 1905. 0o9
Total .......................... So. s14, 600
Municipal warrants . . 24.ee4, 900
Total earning asset. .......... 500 zoo, 900
Federal reserve notes (net)...... 2s,57e, 900
Due from federal reserve banks
All other resources ............... 1926, 900
Total resources ............... ssoe. ISL 900
LIABILITIES.
Capital paid in ....... $54, 1856 900
Government deposits ............ 28,946, 900
Reserve deposits (net) .......... 416, 400, 900
Federal reserve notes met ....... 9,080, 900
All other liabilities ..-......... 100000
Total liabilities ............... $500. 551 900
note liabilities -: 1885,
note liabilities. ........:..:..... so1x
Cash reserve against net deposit liabili-
ties after setting aside 10 per cent
gold reserve against aggregate net liza
bilities on federal reserve notes in
circulation .....:................... $685.
Richmond Bank Report.
Resources and liabilities Of the fed
eral reserve bank OF Richmond are as
follows:
RESOURCES
Gold coin and certificates in vault. a. 661 600
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-02-20
Stock Market Is Depressed
by International Relations

NEW YORK, February 1s.-Foreign
affairs again obtruded themselves in this
weeks dull and irregular market. Re-
vival of diplomatic discussions with Ger
many over the new submarine policy
proposed by that country and its prin-
cipal ally. thereby delaying settlement
Of the Lusitania controversy. caused
fresh misgivinss. which were further
complicated by the attitude Of the Scan
dinavian countries in their relations with
Great Britain.
This was partly offset by Russia's re-
ported victory in Asia Minor and by
authoritative denial Of any intention by
the British treasury to unload American
securities on this market.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-02-20
COTTON MARKETS.
NEW YORK.

NEW YORK, February 1s.-Reports
that the south was selling hedges both
here and in New Orleans checked an
early rally in the cotton market, and
prices broke sharply in the late trad
ing, with July contracts selling of to
last Thursday and about II points
under last nights closing figures. That
delivery closed at 11.81, with the gen
eral list closing steady at a net de-
cline Of is to II points. Reports from
Washington that alleged bearish actfv-
tiles on the New York Cotton Ex-
change were to be Investigated by the
Department Of Justice may possibly
have contributed to the nervousness of
the market late in the morning. but
local traders considered the decline
chiefly due to apprehensions of in
creased spot offerings.
The market showed a pretty steady
tone during the early trading. and
there appeared to be quite a reaction
airy feeling around the ring. Liverpool
was lower than due, but this was at
tributed to hedging of cotton bought
by the continent in the southwest yes
terday, and after opening 4 to points
lower the market here steadied on COW
ering and scattered buying for rally.
After the heavy liquidation and severe
break earlier in the week local traders
seemed to look for some improvement
in prices before the holiday next Tues
day. and the early advance carried
March up to 11.50, May to liza and
July to 11.95. or within 2 or 3 points
of last nights closing figures. This
improvement encountered active SELL
ing by houses with southwestern con-
nections. however. and as soon as these
offerings began to come on the market
there was a renewal of local liquida-
ton, which included some reselling by
early buyers. March sold of to 11.34.
or within 2 points of Thursdays low
level, while May broke to 11.60 and
October to 1900. Last prices were at
practically the lowest.
Washington advices reporting that
the House committee on agriculture had
approved the bill re-enacting the cot
ton futures law with amendments to
section II. which might be acted upon
by the House in the near future, at
tracted considerable attention, but
were considered hardly a factor in the
immediate market. Port receipts to-
day, s2,5ao bales: for the season, 3
season. 3.2s2,476; stock, 1,6S6,15S.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-02-20

steady and Russian exchange improved
materially. Guilders or exchange on
Holland were in further demand at an
increased premium. Weekly returns
of the British and French banks
showed strengthening of gold hold
ings and liability reserves.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-02-20
WEEKS RANGE OF PRICES.
Corrected to the Close Of Business February -,
at the Office of The Evening Star.
Railway and Miscellaneous Shares.

closing
1914
to -
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-02-20
NEW ORLEANS.

NEW ORLEANS. February 10
Heavy selling. based on -unfavorable
comment regarding international poll
tics. depressed cotton to new low
levels for the present downward move
ment in the trading of the markets
short session here today. After a
period of comparative steadiness in the
early trading, the market suddenly
weakened under a flood of offerings and
broke a dollar a bale on the old crop
months. The new crops were some
what steadier.
Around the opening prices were 6
to points off. in response to lower
cables than due, but this loss was soon
recovered and the most active months
were sent to points over yesterdays
last quotations on realizing by shorts
With hardly any warning the ring was
filled with selling orders and in a few
minutes time the old crops were 20 to
q points down from yesterdays close.
while the new crops were Is down. No
further disposition to recover or to
react from the decline was shown. all
though shorts took profits freely in the
last few minutes of trading. The close
was at a net loss for the session of IA
to 90 points. The market officially was
toned easy on the close.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-02-20
LIVE STOCK MARKETS.
NEW YORK.

NEW YORK, February 1s.-Beeves-
Receipts, 800 head; no trading.
Calves-Receipts. Els head: steady.
Veals, 9.00a13.00; culls, 8.0Oa8.50.
Sheep and lambs-Receipts. 448 head;
no trading.
Hogs-Receipts. 1.44s head; no trad
ing.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-02-20
EVANGELICAL AND OTHERWISE

to February IA. 1916. the gross earnings
gross for the corresponding period of
the previous fiscal year Of $e,733.051. or
6.s9 per cent.
Federal Reserve Act.
In addition to the changes in the law
which the federal reserve board has
recommended to Congress. two new
amendments have been proposed, one Of
which would bring the federal reserve
banks in direct competition with the
member banks. one thing not contem-
plated by the trainers Of the measure
nor desired by the member banks. This
Smith of Texas.
1t provides that. in addition to the
powers they now possess every federal
reserve bank shall have the power, under
such rules and regulations as may be
prescribed by the federal reserve board.
to buy. discount and sell. from or to anv
bank, firm. corporation or individual.
notes. drafts and bills Of exchange, OF
the kinds and maturities made eligible
by the federal reserve board for redis-
count. with or without the Endorsement
of member bank. etc. etc.
This would make the regional bank a
direct competitor in the market for loans
and paper.
per-
| MISSILE for any national banking asso.
ciaton other than in a central reserve
city to make loans secured by improved
and unincumbered real estate in its
FEDERAL reserve district. not longer than
nve years maturity. and to not more
than 80 per cent Of the actual value OF
the property offered as security. A
lint of rs per cent of capital and sur
plus. or one-third it's time deposits. Is
made as to the amount that may be sc
loaned.
The only change in the phrasing of
the proposed amendment and the orig
fnal text Is that in the former the term
improved and unincumbered real
estate" is substituted for improved
and unincumbered farm land"
Local Securities.
The Washington stock and bond mar.
ket is acting in a manner to strengthen
Investments in these securities. Some
| of the high-grade bonds are now held
| so high in price that further advances
are scarcely probable. notably Wash
ington Gas Is at 107. and Capital Trac.
ton 5s at 1878. Other issues are still
selling at prices that make them at
! tractfve to investors.
The stock list is strong and steady
What little weakness there was in Capt.
tai Traction shares has ended and thu
| stock is not to be had under SSL. Rail
way shares are acting well and thu
same is true Of Washington Gas. which
has responded to the good earnings o.
| the company.
| Mergenthaler should benefit from thu
! clean competition Of the new interest,
back of the Intertype Company, a com
| petition which. it is believed. will no
be pushed with certain unpleasant fea
! lures such as attended the Ritter man
agement OF the corporation.
| LanSton Monotype ought to do better
| in response to net earnings outside o.
regular business Of 100000 in 1914 ant
| a fine American trade in the monotypes
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-02-20
| Will Buy

70 Capital Traction at SSH.
10 Wash. Ry. & Elec. pfd. 1t 81 q eK div.
2S Wash. Ry. & Elec. com. at 80 ex 61v.
2S Warrington Gas at 1914.
rs Georgetown Gas at 81.
MerGenthaler Mt 166.
s Lanst0n at 67h.
10 National Savings and Trust at 36T.
10 Munsey Trust At 84h.
10 N. and w. Steamboat at 152.
100 Washington Baseball Club at Is.
Is (any partl Grnphoph0ne pfd.
70 (nny partD Graph0phone com.
Subject to previous acceptance or
cancellation. All executions for cash.
Buying and selling orders on all listed
stocks and bonds solicited.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-02-20
Mexico Again a Factor.

Mexican affairs were once more sum-
ciently alarming to leave their impress
upon the shares of companies having i'm
portant interests In that republic. In
timations Of an early collapse Of the
de facto government. partly by reason
of its inability to secure financial sup
port. occasioned no surprise in well in
formed circles.
Domestic political developments also
entered into the reckoning, as was evil
denced by the apathy Of the investment
public Nevertheless. new financial un-
dertakings were contaminated and ad-
ditional projects Of this character are
under way. including Industrial COM
mersial mergers.
General trade conditions were main
tanned at a high level of prosperity.
Inquiry for steel and iron as we'll AS
copper and other metals was undated,
with further upward price revision for
these products. Currently. copper
shares and allied stocks were unusual
ly active. with numerous high quota
tiouB.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-02-20
CHICAGO.

CHICAGO. February 1s.-Hogs-Re-
ceipts. $1,000 head; weak: bulk. s.10a
saw s. 7'ssas,Io: rough 7esas,Io. To- nias'
626a7.40.
Cattle-Receipts. 400 head; steady;
native beef cattle. s.6oas.65; stockers
and feeders. 5.50a7.26: cows and heif-
ers. 3.15as.20: calves, S.75aI1.O0.
Sheep-Receipts. 1000 head; weak
wethers, 7.75as.35; ewes, S.60aS26;
lambs. s.00a11.50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-02-20
FINANCIAL.
Money to Loan

Secured by First Deed OF Trust Real Estate.
Prevailing interest and commission.
Joseph |. Weller. GA FIST. NV.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-02-20
Show q Firner Urdertone.

Rails and other standard issues SUI
fersd from the neglect of recent weeks.
but denoted 4 firmer undertons in tho
later dealings. Gross earnings OF the
leading carriers for January and the
current month indicate 4 continuance
Of the remarkable net returns reported
In the latter part Of 1915.
weakness Of rates to Germany was
the Interesting development Of the
week in foreign exchange. Remit
tances TO London and Paris were
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-02-20
Southern Railway Earnings.

The gross earnings of the Southern
Railway Company for the second week
in February were $1,312,346 as compared
with S1,137.63O for the corresponding
week Of last year. an increase of s174,65e.
or 1885 per cent.
For the fiscal year from July !. 1915.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-02-20

to February IA. 1916. the gross earnings
were $42.412.477. an increase over the
gross for the corresponding period of
6.S9 per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-02-20
BY I. A. FLEMING.

The United States Steel Corporation
will not have to undertake any new
financing to pay for the $22,Soo.ooo OF
Its first mortgage per cents pur-
chased through J. P. Morgan from
Great Britain. Tho last statement OF
the corporation showed that 1t had
the enormous sum Of SOS, 600, 900 cash
in banks.
The first mortgage Steel IS are the
bonds turned over to Andrew Carnegie
and his associates for their holdings
that went into the Steel Corporation
and are ahead Of the Steel 5s, which
are now selling on Wall street around
The Snowflake herald., 1916-10-20

"Baughn is square"
The Snowflake herald., 1916-10-20

legislature, sent to Montgomery
Ward & Company Of Chicago, or
to some other foreign house fur
nishing printed supplies, for
cards announcing his candidacy.
After running around the
county some, Mr.. Flake has
probably come to the conclusion
that he has hard race on his
hands and that after his defeat
at the election his fifty cents
saved will buy as much as any
fifty cents earned.
We certainly commend him,
as we do all good citizens, in his
efforts toward economy, reali-
zing as we do the value of fifty
cents.
A careful reading of the cards
reveals the union label" print
ed thereon which, of course, is
intended to catch the eyes of
Winslow's voters belonging to
labor organizations. That is the
funny feature of the cards, as
we have known for years of Mr..
Flakes apathy toward labor
unions and secret societies OF
all kinds having for their motto
the welfare Of their members.
In view of his utterances in both
public and private it is the best
joke Of the campaign to now
find Flake making use Of the
Union Label, thinking to catch
votes thereby.
The Snowflake herald., 1916-10-20
: forest Officers Hold
Ranger FfeetinG

Forest officers of the Sitgreaves
National Forest held a meeting
at the Cienega Los Burros last
ing from the 7th to 18th. AL
though the meeting was attended
by almost continuous rain it was
in every way highly successful
from the Forest Service stand
point. The various policies that
tend to improve conditions on
the Forest for the stockmen,
settler and lumberman w er e
thoroughly discussed as we'll as
all phases of Forest admins
tration.
The District Office at Albu-
querque was represented by W.
H. Gill, who is in charge IF the
Office of Geography. The local
officers present were Supervisor
Pitchlynn, Assistant Kenner c.
Kartchner, Paul Roberts of the
Grazing Reconnaissance Party, and
Rangers Owens, F. R. Wigley,
V. D. Smith, D. E. Slosser, j. l..
Hall, j. Clark Owens, Jr., L. &.
Gardner and J. L. Hughes.
The evenings during the meet
ing were given over to features
OF a social nature. Although no
ladies were present it is under
stood that dancing was a favor
ite diversion. Rangers Kartch-
ner and Gardner supplied music.
Local Forest officers plan to
hold similar meetings every
year if possible.
The Snowflake herald., 1916-10-20
NOTED AVIATOR WILL
Be AT STATE FAIR

To those who have watched
aviators into the clouds and have
waited for an opportunity to do
the same, the announcement
that Harvey Crawford, the Pa
cifc Coast aviator will be at the
Arizona State Fair, November
18th to 18th, will be an agreea-
bic surprise. A surprise because
this is the first trip Crawford
has made away from California,
as he was instructing the Aero
Squadron of that state the last
anyone heard of him, and an
agreeable surprise, as he is the
builder and owner of a passen-
ger machine that he will bring
with him on this trip.
The time has past when we
were contented to take our
thrills at second hand. To stand
on a fair grounds and watch
the aviator fly away. Now we
wish to experience the same
sensations that have become SO
common to him. The easy rise,
the rush of air as the machine
spirals up mi up. The heave
of the machine as the pilot
banks" stif1y to the right or
left. The earthward swoop as
we descend and finally to enjoy
the looks of admiration from
our less nervy friends as we
step from the machine.
Crawford has been carrying
passengers on the Coast for the
past two years and, be it said
to his credit, he has never had
a serious accident OF any Klnd.
He is admitted to be the most
careful aviator of the Aero Club
of America that is, when he
has a passenger. When up by
himself it is a different matter.
Then he is the worst ool-hyer"
in the country. He loops the
loop, flies up-side-down, does
the side slip and jelly roll and
every other stunt that any other
aviator has ever attempt
ed. These things he will do
at the Arizona State Fair when
he is not carrying passengers.
The Snowflake herald., 1916-10-20
High Cost of Living

Apparently the democratic ora
tors have forgotten all about
the high cost of living they were
to have reduced four years ago,
as nothing is said on the subject
now.
But the living expenses are
still going up and we haYe no
democratic guarantee in this
campaign that they will ever
stop. The end does not seem
to be in view and Pres. Wilson
has not thought to ask what
would you have done? If the
costs continue to rise the cry
will soon be, what can we do?'
Even the politicians are be-
coming effected. For instance:
To make a saving of about fifty
cents in his compaign expenses,
O. D. Flake, democratic candi-
date for representative in the
The Snowflake herald., 1916-10-20
St. Joseph

Joseph C. Hanson was a visitor
IN the southern part of the coun-
~ the first of the week.
Mrs. Joseph Facer has been
sneDding a few days in Hol-
brook with relatives and friends.
Mr.. and Mrs. George Bailey
have moved in from Cedar
Springs. They have rented Ben
Hunts house for the winter.
John McLaws, Ben Hunt, Ed
ma Hanson and RoIlin Tanner
came down from Holbrook Sun
day to spend the day with home
folks.
Walter McLaWs came home
about ten days ago and it was
feared he had typhoid fever, but
he is much improved and we
hope to see him soon "fording"
around again. Miss Lillian Streit
Of Winslow has acted as nurse
during Mr.. McLaws' sickness.
The Snowflake herald., 1916-10-20
Lakeside

A fine baby girl arrived at the
home of Mr.. and Mrs. Riley
Gardner on Oct. 4th.
Over four inches of rain fell
here between Oct. 5th and 18th.
The sun is now shining forth in
IIOf its fall glory.
Farmers who raised cane"
IN this vicinity this year hauled
their cane to Pinola Farm where
Bishop Prat Larson made it into
agOod grade of molasses.
Wallace Larson returned Sun
DAY from Holbrook where he
mad been for supplies. He en-
cOuntered much mud and suffered
more from "riled feelings"
Mrs. A. P. Larson entertained
The Mutual officers Oct. the 9Th.
OaInty refreshments were serv-
ed and all who attended voted
MRS. Larson a "tip-top" enter
tainer.
VIM. Morgan and family ex-
pVct to leave for Phoenix next
week to spend the winter. The
family will hereafter make their
permanent home in Holbrook
u out will spend the summer at
rlelr ranch six miles east of
lakeside. Mr.. Morgan recently
S0Id his place here to Frank
Ovens.
The Snowflake herald., 1916-10-20
Pinedale

Mr.. Woods of Holbrook was
here one day last week.
We are enjoying fine weather
after a seige of wind and rain.
Jim Thomas, who has had
typhoid fever, is up again and
able to run his Overland.
Our school is in good running
order under the able manage
ment of Mr.. Day of Utah and
Miss Estelle Webb.
James Scott of this place is
having fine new home built to
replace the one that was burned
down some time ago.
Frank Webb of Tucson who
came to visit relatives and friends
here a few weeks ago is talking
of locating his family in Snow
flake.
We have been favored with a
visit from Mr.. Matthews of Hol-
brook. He and his companion
spent a few days with us and
went for a hunt with L. H.
Brewer and A. Hancock.
The Snowflake herald., 1916-10-20
ShumWay

charles Ballard of Snowflake
..sapbt |,,g over a load of wheat to
olr plrIn mill Tuesday.
'' los Hanson of St. Joseph and
o's 'Y5 Smith Of Snowflake were
D,1 .ers as home missionaries last
Sunday
uoIbrook first of the week
y 5.nr Ll . load of supplies for the
nsrbam l-.1[ Bros. store here.
c;os Smith was over from
u,1brook Tuesday purchasing
,orp ,lc Of our seemingly inhaustl-
b. supply of home grown TO-
n2t0eS.
Tam Tanner and wife of Snow
al . motored to Shumway the
a",t aa4 Of the week and took back
WITH ,ltf them a jitney load of flour
from our grist mill.
,rosors HAYNES and West mo-
+orsd over from Snowflake last
orJav 22.J the former in the inter
a.t of the Religion Class and the
latter in the interest of the
Snowflake Herald.
The Snowflake herald., 1916-10-20
News Items From Our Correspondents

of Heber, was in town during
the week.
Levi Hancock, merchant of
Taylor and Pinedale, was here
buying a new stock Wednesday.
John Adair, prominent cattle
man of Plnetop, was in town the
first of the week experimenting
the sale of his steers.
Ira Wakefield of Taylor shipped
several car loads of steers to
Denver this week, the cattle
being purchased from local stock
men.
Abe Amos, stockman, from
the southern part of the county,
spent the first of the week in
town looking after his business
affairs.
Fay Gardner Feeple was hot
footing around town Tuesday
looking for lost voters. At the
time of going to press he was
still in pursuit.
Judge Thorwald Larson and a
few other democratic politicians
made a trip over to Winslow
Tuesday to meet some of the
voters of the metropolis.
Sixteen sheep belonging to
Hess & Newman were killed
Tuesday by a train in the west
end of town as the herd was
crossing the railroad on the way
to the stock yards.
County Fair Commissioner F.
j. Willis of Linden was in town
Wednesday with his collection
Of farm exhibits which he was
shipping to Prescott to the
Northern Arizona Fair.
C. C. Bryant was here the
first of the week disposing of a
bunch of steers. Thirty-four
dollars a head is the prevailing
price for yearlings and Charley
has returned to the ranch to
roundup another bunch.
Jonn A. Freeman and o. D.
Flake of Snowflake, candidates
and would-be office-holders, were
in town Sunday looking their
best and smiling some, evidently
intending thereby to please some
of the voters.
Chas. r. Bryant and Burton
Smith made a hurried trip to
town from Walker Wednesday,
Charley being in quest Of a mar
riage license. Burton came along
to keep his nerve braced up
and guide the Ford.
The Snowflake herald., 1916-10-20

LOST Mare and colt. Mare,
dark sorrel, branded H 2 on left
shoulder and brand on left thigh.
Colt, roan-not branded. Lost
near Taylor. Notify Jess Jack
son, Pinedale.
The Snowflake herald., 1916-10-20

Joseph Turley of Woodruff ar
ived in town Wednesday to do
the plastering of the rooms of
K. c.. Karchner S new residence.
The Snowflake herald., 1916-10-20

See Bushman's supply Of out
ings-colors, white and cream,
pink, brown, blue and grey.
The Snowflake herald., 1916-10-20
Itinerary of County
Republican Candidates

The republican county candi-
dates will be at the following,
places and on dates given below
to address the voters:
The Snowflake herald., 1916-10-20

Get your roofing paper now
before the rainy season starts in.
Attractive prices, at Wetzler's.