davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-07-23

in the market for about 10000 cars, but
few orders have actually been placed
since July l. French railways want l4,e0o
tons more of rails. and other export
rail inquiries amount to about 1bo,0oV
tons for Canada, Europe and South
Africa.
In Market for Rails.
The Canadian Pacific Railroad Com
pany. to meet the pressing need of the
British government for rails. has
gathered 10000 tons from sidings and
elsewhere and is seeking to place con-
tracts for new rails with American
mills. Dominion rail mills also are
trying to sublet orders for rails taken
last year from American railroads with
manufacturers in this country.
Evidence of reviving interest in steel
buildings and bridge work is shown in
thirty new inquiries calling for about
10000 to 10000 tons of steel but the
contracts actually closed thus far this
month require only 10000 tons of steel
shapes. The Erie, the Illinois Central
and the Chicago and Western Indiana
roads have placed orders for bridge
work calling for 1900 tons of steel,
while the Southern railway, the Balti
more and Ohio and the Boston and
Maine railroad companies are in the
market for small bridges requiring
about $500 tons of steel.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-07-23
WEEKS RANGE OF PRICES.
Corrected to the Close of Business July %, a,
the Office Of The Evening Star.
Railway and Miscellaneous Shares.

following closing
and net of
ando
to date
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-07-23
NEW ORLEANS.

NEW ORLEANS. July 22.-Continued
wet weather east of the Mississippi
river gave the cotton market steadi-
ness on the weekend session and put
prices to points above the level of
Yesterdays last quotations. The i'm
provement was well maintained, the
market closing very steady at a net
advance of to points.
Cables were not high enough and
around the opening trading months
lost point The weather map indi-
Gated considerable rain in the eastern
belt and the forecast promised local
showers for all of the eastern section.
This stimulated fresh long buying and
started covering movement among
shorts. Only slender offerings met
the demand and prices advanced.
Rains in Texas and lower tempera-
lures in the western belt generally
were considered favorable, but their
influence was lost in what were con-
sidered damaging rains in the eastern
portions of the cotton region It was
almost entirely weather market, al
though gossip was that the spot de-
mand was again good, but was being
met by very scanty supplies
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-07-23
BIG REIMBURSEMENT
IN STOCK MARKET
Professionals Are Forcing
Quotations Down to a Net
Income Basis.
HEAVY GOLD SHIPMENTS
NOT YET AT THE CLIMAX
Bankers Expect Another $500, 0O0,'
600 to Be Sent to United States
From Europe.

NEW YORK, July 22.-All indica-
tions point to the fact that for several
weeks past the New York stock mar
ket has been undergoing a gradual re-
adjustment. not only in it's technical
position, but in sentiment as well. Cold
facts, which have been brought to light
by the official reports and statements
of many of our important industrial
corporations. have necessitated an
abrupt ravaluation of the stocks of
these companies. In the final analysis
it is net earnings which determine
values. and many investors who have
apparently ignored this important fea-
ture in times past have learned some
costly lessons in consequence.
It Is very evident, also, that for the
time being the general public is out
of the stock market. and that the
price movements are the reflection of
the contending efforts of professional
operators.
Marines and Motors Weak.
The marine and motor stocks have
been weak and have shown heavy re-
actions; the bulk of the war shares
have been under heavy pressure; the
copper and other metal shares have
Joined in the downward procession: and
still opinions differ as to whether the
selling movement has yet spent It's
force Prominent brokers express the
opinion that the selling has been over
done and that the. declines that have
been scored are not justified by the
present condition of things.
There is no denying the fact that the
country is in very prosperous condl-
ton and the feeling now prevails that
prosperity will continue long after the
declaration of peace. as many of our
biggest industries would Immediately
benefit by the cessation of the hostill-
ties abroad. The war has brought
about inflated prices in many COM
modities, and these high prices for raw
materials are tending to prevent legiti-
mate industrial expansion. The rail-
roads. for instance, are not expanding
because they find the price of steel too
high. Other important industries are
not expanding because they believe
they can do so to better advantage
after the commodity markets have re-
acted. as of course they will when the
war is over,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-07-23
Rails Persistently Heavy.

Improvement in specialties was not
shared by rails, which were persistent
1y heavy in the face of only moderate
offerings For want of a more definite
or obvious reason the lethargy of the
railway group was attributed to fears
of further foreign liquida ton. This
feeling was heightened by the receipt
OF additional large amounts of Aneri-
can stocks and bonds from abroad.
United states Steel also manifested
some restraint. IDLY for Tn. same
cause. and for the added reason that in
few. If any.Fesponsible quarters is an
extra dividend disbursement looked for
at next weeks quarterly meeting. 1t is
virtually a foregone conclusion, how
ever, that the statement then to be is
sued will show earnings of not less
than 30 per cent on the common stock.
Steel Earnings Are Big.
The em;nently satisfactory state of
the steel industry was demonstrated by
the semi-annual report of the Repub-
lie Iron and Steel Company, whose
earnings for that period increased four
fold over the first half of 1915, with a
like gain in surplus. II is interesting
to note that these increases resulted
from commercial demand. and not from
the sale of war products.
Abnormal rates for money of the pre-
ceding week were speedily corrected.
June railroad earnings, soon forthcom-
ing. doubtless will compare favorabIy
with recent months, general trade re-
ports continue encouraging and exports
have lost none of their extraordinary
volume.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-07-23

Pennsylvania mines last year yield
ed 246, 75T, 7s4 tons Of coal.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-07-23
Sales of Steel for Export
Heavy; Inquiries Numerous

NEW YORK. July 22-Large sales
of semi-hnished steel for export were
made this week and new inquiries are
more pressing than for several weeks
past. Russia is negotiating for 10000
tons more OF rails with an eastern
mill and has divided contract for
$4,000 tons of barbed wire among three
indepe adeut mills at Pittsburgh and
at Youngstown. Ohio.
Other export sales include 10000
tons Of billets sold by New York
commercial interest and 5000 tons of
sheet bars 5000 tons of billets and
1000 tons Of plates sold by Pittsburgh
mills for shipment TO Great Britain
and France One contract for 80. 900
tons OF forging bilIets has been taken
by a Chicago steel company for the
making Of war munitions
Other Large Inquiries.
Great Britain. through America
representative. is asking for 10000
tons of three-and one -quarter-inch
bars; France wants 100000 tons of
shell steel and 10000 beams; Canada is
in the market for Is. 900 to 10000 tons
of structural steel. besides bars and
plates; Greece is asking for prices on
10000 tons of bar; Italy and Iapan
continue pressingly in the market for
steel plates, and Italy also wants more
biliets and bars. amounting to about
$4,000 tons.
Agricultural implement manufactur-
ers have placed additional contracts for
soft steel bars for shipment up 10
July. 1917. Total bar purchases by
farming machinery makers now are
said to be fully 200.o tons.
Domestic railroads have placed sup
Elementary orders for $4,000 tons OF
, rails and are showing a little more in
T, terest in rolling stock, with inquiries
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-07-23
Do Not Expect Passage.

Local bankers, while they have con-
sidered. informally. the two bills re-
Gently introduced in the House. convert
ing to the District assets of box renters
in safety deposit vaults and cash in
bank, where no transactions have been
recorded in three years, do not be-
lieve that either can become a law.
Not infrequently people are away
from their home city for three years,
and frequently safety boxes and saw
years.
Even if the measures should be
enacted. bankers believe they would be
easily rendered void.
Credits account for interest would
make the balances of absent depos-
itors alive, while arrangements could
be made with absent safety deposit Gus
toners to have a deputy open a box
every two years or oftener if necessary.
Municipals Will Be Wanted.
There is sure to be a good demand
for municipal bond issues from this
time on, and also state issues, where it
is possible to bid on them.
The increased normal and also sur
tax in connection with the income tax
is sure to give added value to the tax
free securities. The added tax may also
lead 30 considerable shifting of invest
ments in strong boxes.
When the financial history of 1915 is
written it will go down on record as the
greatest in American history from the
standpoint of shifting of investments
liquidation by Great Britain. France
and some other nations, enormous SELL
ing of American securities and a home
owner ship of millions of dollars worth
of bonds and shares that have long
rested in foreign iron boxes.
In the first half of 1916 $3.50, 900. 900
of railroad and industrial securities
were issued and absorbed by investors.
Gates w. McGarragh, president of
the Mechanics and Metals Bank of New
York city, points out the fact that the
quantity of securities that is being abb
sorbed by the American public is testi-
mony of unmistakable kind regarding
the nations growth in wealth. \ SUBJ
stantial percentage of the securities
have been of Industrial stocks, but a
large percentage has been of railroad
and industrial bonds and short-term
notes.
so long as steady absorption of
high grade securities goes on one need
feel little concern for the soundness of
the financial situation"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-07-23
q. S. Steel Real Leader.

United States Steel was the real
leader. trading in that stock represent
ing about 90 per cent of the whole. at
an extreme advance OF Is, most of
which was retained. There was a bet
ter tone to shares of the independent
steel companies, notably Lacka wanna and
Republic. together with Colorado Fuel
and American Car.
Rails were again relegated to place
of minor Importance. even the invest
ment issues moving sluggishly- Read
ing closed with a fractional gain, but
Wisconsin Central forfeited four points
of its recent advance. Shipping shares
also were backward. with no material
price changes. Total sales of stocks
amounted to 900 shares.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-07-23

Heavy gold imports arriving in New
York from London-directly and indi-
rectly-may be considered the most
important feature of the financial sit
uation The indirect" importation is
that which comes from or through
Canada, and includes that which was
formerly stored at ottawa by the rep
resentatives of the Bank of England
aid that which is brought to Halifax
by British ships and forwarded by spe-
cial train TO New York. One consign-
ment on this style last week amount
ed to 100000 900.
It is conservatively estimated that
since May the British government has
ly 5000, 900 in the yellow metal
Even with all this, New York bankers
are of the opinion that the movement
has by no, means reached its climax
and that az much more of the precious
metal will reach us from foreign ports
When we consider the fact that since
the war in Europe began the gold re-
serve of the German Reichsbank in
creased 81 per cent, of the Bank of
England 1876 per cent, the Russian I'm
perial Bank 10 per cent and the Bank
of France Is per cent, the manner in
which Great Britain and her allies have
been able to mobilize the vast amounts
prise and admiration to our bankers
The tremendous movement of gold to
this country, past and in prospect,
naturally is having important influence
in strengthening the credit of the al
lied nations here The heavy borrow
ings by the various nations have been
bolstered up by the gold reserve con-
centrated here, and continued ship
ments make easier the process of plac-
ing other loans.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-07-23
Banks Gain in Cash.

The bank statement reflected a sub
stantial cash gain. the actual increase
Of about s15.5O0.OoO being in excess of
all estimates, while loans showed fur
Their contraction. with an increase of
almost $4,000 200 in reserves, bringing
the total excess up to s10S.000, 900,
against s53.546.o00 two weeks ago.
Weekly reports of the mercantile
agencies were of confident tenor. the
only discouraging note coming from
that portion of the south which recent
ly experienced severe storms. In dry
goods lines the volume of distribution
shows an increase.
Bonds were steady today on nominal
trading. International issues were
nrmer. Total sales tpar value), $685.,
900.
United States bonds were unchanged
on call during the week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-07-23
Money in Increased Demand.

The demand for money has been in
creasing and, while the high rates for
time loans established in the early part
of last week did not remain per-
n1anently, leading bankers have not
vet changed their views relative to
tbe probability of paratively strin-
gent monetary conditions in the near
future.
This in spite of the federal reserve
hank resources, which. according to
last Saturdays statement of the con-
troller of the currency, are being used
to an ever increasing degree by the
national bank members in the United
States The movement toward higher
rates is natural at a time when
American financiers are being re-
ouested to make large advances to
European governments and private
borrowers on very remunerative terms,
and when immense blocks of foreign
owned American securities are being
sold in this country because of the tax
which the British government has just
imposed upon incomes derived from
American securities which have not
been deposited under the mobilization
plan" These stock offerings, amount
ing in all to hundreds of millions of
dollars. have been quickly absorbed.
Money Dear in London.
Action Of the Bank Of England last
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-07-23
l Will Buy

s.. 900 metropolitan n. n. So ut 10A%.
20 Capital Traction at sSA.
IS Washington Ry. 4 Elec. pfd. at sO11Sl
- Warrington Gas at 7SA eK div.
10 Munsey Trust (any part).
1000 Oklahoma OIL.
10 GraphOph'e pfd. (any part) at 1855.
10 GrnphOph'e com. (any part) At 16S. ,
Exclusive of commissions. subjec0I
to previous acceptance or cancellation&,
Bonds plus accrued interest All exec,
cutions for cash. =
Deliveries for cash at your own bankh
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-07-23
FINANCIAL,
| Will Sell

$4,000 r. & c. Steamboat SD at IS. ;
81 600 Potomac Consol. Sc at 101N
$1,000 Wash. Ry. & Elec. Sc ut sch.
Is Capital Traction at ssh.
so Wash. Ry. & E1ec. com. Mt 62h.
IS Wash. Ry. & Elec. pfd. at S1N.
60 Washington Utilities at 20.
Is Washington Gas ut 7614 ex div.
II Georgetown Gas ibid wRntedD.
10 Wash. Vir. Ry. com. Ibid wanted)s
10 MerRenthaler at 1875.
Is LRnston mt 81.
100 Munsey Trust at ~.
20 Real Estate Trust At ~.
Is Exchange Bank Of Wash. at 1914
100 American Paper Can at 81.
1000 Oklahoma OIL common at 12h.
500 Miller Train Control At an.
100 Witt-WHl Motor Co. Ibid wantedJ \
10 Northwest Savings Bank Mt 1Oaz.
4 J. injury Dove CO. Mt SO.
10 Gayety Theater Mt .16O.
q Connecticut Pie at Is.
75 Washington Investment Co. ut rs.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-07-23

At the top of the 'Annalist's" recent
article about restrictions on life tn~
surance during war times was this
heading:
Bisbee daily review., 1916-05-02
DON'T SUFFER
 WITH NEURALGIA
Musterole Gives Delicious Comfor

When those sharp pains 90 shooting through your head, when your skull seems as if it would split. just rub lit. tle MUSTEROLE on the temples anc neck. It draws out the inflammation soothes away the pain-gives quici relief
 MUSTEROLE is a clean, white oint. ment, made with oil of mustard. Better than a mustard plaster and does not blis' teri
 Doctors and nurses frankly recon mend MUSTEROLE for Sore Throat Bronchitis, Group. Stiff Neck, Asthma Neuralgia, Congestion, Pleurisy, Rheu- rnatism, Lumbago, Pains and Aches oi the Back or Joints, Sprains, Sore Mus cles. Bruises, Chl6lains. Frosted Feet Colds of the Chest Git often prevents Pneumonia).
 At your druggists, in 25c and soc jars and a special large hospital size for S2S0
 Be sure you get the genuine MUS TEROLE. Refuse imitations-get what you ask for. The Musterole Company Cleveland, Ohio.
Bisbee daily review., 1916-05-02
RICHARDSON BACK.

"The town of Miami is a wonder from many different angles" said Sec retary Richardson, of the local Y. NJ. C. A. who has just returned to the district from trip to the mining town of Gila county. While there the Sec retary conferred with General Man ager Gottsberger. of the Miami Cop por Company. which has appropriated S75.0OO for the erection of Y. NJ. c. A building. According 10 the Bisbee man Inc plans contemplate a very complete plant in every detail. Rich ardson declared he had never been in town before where there were so many restaurants, where the rOoming houses were all crowded to capacity and where there were no first class hotel accommodations.
Bisbee daily review., 1916-05-02
MORE sPEEoERs ARRESTED.

The police drag net of speeders Sunday and yesterday resulted in an even dozen being told to report to the city magistrate and contribute to the city treasury. The sum of s7.50 was he fine in each case. Still there is more 10 follow if the speeding does not stop.
Bisbee daily review., 1916-05-02
AT THE COPPER QUEEN.

J. B. Cooper, Los Angeles; w E Farland. La Porte, Ind; R. B. Abrams, San Francisco; l.. A. Durham, Phoe- nix; R. E. Black ,El Paso; c. L Mitchell Topeka; Otto A. Meyer. St Joe. Mo; W. P. Schenck;, Cananea; T. P. Weber, Phoenix; R. L. Rain forth and wife. San Francisco; l.. Sen sheimer, San Francisco; Mrs. l.. Pur- dy. San Diego Mrs. w. c. Futile San Diego.
Bisbee daily review., 1916-05-02
NEW FLOWER SHOP OPENS MAY 6

l.. Phillips, an experienced florist from the east. will open a first class flower shop on May 6, on Main street opposite the Johnson hotel, accupy- ing half of the store now occupied by Mrs J. i. Norris. Millinery and Art Shop. He will carry all kinds of flow CTS and blooming plants in season and will make speciality of funeral work
 (Advertisement)
Bisbee daily review., 1916-05-02
DIED OF PNEUMONIA.

A Mexican named, Antonio Gonza- les was found dead in his house In UDper Brewery Gulch. He was found sitting on the floor an examination by hte physicians showed that he had died of pneumonia. He was buried by the county.
Bisbee daily review., 1916-05-02
HERE FROM LOS ANGELES.

Walter Fife, the representative of the Finniean Brown Hide company of Los Angeles, is in the city for few days and will make a shipment of hides from here within the next few days He purchased all of the animal hides of the local butchers.
Bisbee daily review., 1916-05-02
WILL GO TO DOUGLAS.

Henry Williams, second assistant cashier of the Bank of Bisbee. has re signed his position with the Bank of Bisbee. has resigned his position and will leave soon for Douglas where he will assume the position as chief clerk for James Douglas in his office there. He has disposed of his residence in Tombstone Canyon. His place will be filled by H. Cline of the We'll Fargo National Bank of San Francisco.
Bisbee daily review., 1916-05-02
VISITED TOMBSTONE.

| W Wallace and family spent yes terday in Tombstone on a short visit Mir. Wallace was called there on mat ters Of business and his wife paid visit to her sisters. Mrs. Joseph Me Pherson and Mrs. Nellie Dalgelish.
Bisbee daily review., 1916-05-02
INJUNCTION CASE TODAY.

The application of William Truax for an injunction against the boycott or picketing against the English Kit chen by the Bisbee Cooks and Walters Union will be heard in Tombstone this morning before Judge Lockwood of the Superior Court. The attorneys and witnesses on both sides left for the county seat early this morn ing.
Bisbee daily review., 1916-05-02
WERE IN CITY.

County Recorder. Owen E. Murphy. and Supervisor John Rock were in the city Sunday on their way 10 Tomb stone. They had just completed a trip 10 the various precincts of the county where the recorder was delivering the registration supplies to the registrar ton officers so that they could begin work yesterday.
Bisbee daily review., 1916-05-02
BROKE INTO SHOP.

Three Mexican boys of tender age were brought into the police court yesterday and given good lecture by Judge Totman. They were caught with considerable copper wire that they had stolen from the City Black smith Shop. This being their first offense they were allowed to go.
Bisbee daily review., 1916-05-02
ARRIVES FROM TOMBSTONE.

Mrs. C. W. Hicks arrived from Tombstone last evening and will again take up her residence in this city after an absence of over a year. NIT. Hicks is the secretary of the Commonwealth Extension Mining Company and Is now stationed here.
Bisbee daily review., 1916-05-02
COUNTRY CLUB INVITED.

Officers of the Twenty-second United States infantry and their ladies have extended an invitation to all members of the Warren country club to attend hop" at the Army pavilion at Douglas Friday evening. May ,. The dance is informal and will begin at S:30 o'clock.
Bisbee daily review., 1916-05-02
IS THROWN FROM WAGON.

Mrs. James Dwyer. of Moon Can yon, was quiet badly injured yester- day morning. when she was thrown from a wagon. Her left shoulder was dislocated and she suffered number of bruises. The team which she was driving became manageable and ran away, throwing her out.
Bisbee daily review., 1916-05-02
FROM TOMBSTONE.

Mrs. C. w. Hicks arrived from Tombstone last evening and will again take up her residence in this city, after an absence of over a year. MT. Hicks is the secretary of the Com monwealth Extension Mining company and is now stationed here.
Bisbee daily review., 1916-05-02
BOWLING

Assistant Secretary Mitchell re
 rorts the bowling alleys at the Y. NJ
 c. A. have undergone thorough smoothing and blaming and that they
 gre probably the best allies now ''in these parts" The alleys now are
 idle. anent the meningitis quarantine. and the Bisbee-Douglas matches have
 been indefinitely postponed.
Bisbee daily review., 1916-05-02
AT THE COUNTRY CLUB

Miss Lydia Sloane and Miss Ann Biehler were hostesses at luncheon at the country club Friday afternoon, after which the guests passed the day at golf and tennis.
Bisbee daily review., 1916-05-02

Dr Edward Colman. Osteopath and Chiropractor Nervousness and rheu- matism speciality. Office in Hughe- Block, opposite Y. NJ c. A. 274 Advertisement )
Bisbee daily review., 1916-05-02
WERE IN TOMBSTONE.

Mayor I. c. D. Adams, Councilman Robert Hennesey and City Physician Herendeen went over to the county seat yesterday to confer with the Beard of Supervisors about the estab- lishment of the Bacteriological Labor atory here. The Board promised to help out in the matter to the extent of $50.
Bisbee daily review., 1916-05-02
INFANT DIES.

Hugh, the seventeen months old
 child of MT. and Mrs. Harry Sealey, of School Hill. died yesterday morn ing after an illness of several days.
 The funeral service will be held from the Catholic church this afternoon at two o'clock. The sympathy of the entire community is extended to the parents in the hour of their irretriev- able loss.