davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-11-19
BY I. A. FLEMING.

The enormous advances in the cost
of copper, iron, steel and OF every
metal and other properties entering
into the cost of construction of street
railway equipment, power house. tracks.
electric equipment etc, etc, Will GER
tainly have to be considered in any
plan for reproduction valuation Of the
public utility corporations.
When these properties were con-
structed, and during the periods OF
maintenance, copper probably was sell
ing around 16 to Is cents pound.
Today it is a scarce article, COM
paratively, with the powers of Europe
destroying it and putting it into en-
ployment almost as fast as 1t can be
produced, and the market price today
is 80 cents a pound, and advancing.
All other materials used in construc-
ton. and the labor that produces are
very much higher today than ever be-
fore; wood and steel are more costly,
pig iron has advanced enormously, car
wheels are more expensive, and wire
and copper cables also.
When the test case Of the appraise-
ment of physical value and reproduc-
ton estimates are brought before the
court the chances are that the market
values of date will have to be consid-
cred in reproduction costs and in tan
gible physical value.
These facts encourage street rail-
road men and officers of the gas corpo-
rations. as we'll as telephone and cleo
trio light company officials. to believe
that when the final appraisements are
made they will not show very much
difference between capitalization and
the utility commissions figures.
A Wild Market.
Never before has Washington been
so greatly interested in the New YORK
stock market
In the days when senators and repre-
sentatives took fiers in thousands oil
shares, the aggregate business to the
credit of the city probably was larger
but today there are more people inter
ested in speculation, investment, ETC.
than ever before.
One brokerage house has five wires
direct to Wall street: one a quad, used
! in sending orders and receiving reports
of execution at one and the same tHie
used for nothing else. This multi
nlicity of service is not sufnclent 10
handle the business, although were the
! transactions all in large lots, instead
I of such multitude of odd lots, reports
| could be quickly given to selling Or
ders.
| 1t is a broad. public market. Infla-
| ton Of prices is the order of the day.
| The public is following the market
because of large earnings and ex.
pectancy of increases in values anG
dividends 1t has made much money
| and 1t wants more.
| In their efforts to prevent oyerspec.
ulation many large interests. banking
| and security. took the market in hant
and brought about the price reaction
| following the announcement Of Mr.
/ Wilson'S reelection, but though they
! tried to restrain speculation the public
would not be denied, and again domi.
mated. There are but few industrials
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-11-19
East and West Battle.

According to reports current in the
financial district. the opposing elements
in this weeks furiously active market
were composed of eastern traders or
professionals, who seemed DESTROYS of
effectng lower prices, and western or
interior speculative interests, who were
strongly committed to higher values
The net result was almost wholly in
favor of the latter contingent. a great
er number of new records and substan-
tial gains having been made than at
any similar period since the inception
of the war.
An overwhelming percentage of the
trading centered around the steel and
copper shares, the latter being the out
standing features of the final three ses-
sions, in which daily transactions aver
aged or exceeded 100000 shares. The
abaorrnally prosperous conditions at
tending the metal industry are too well
known to require specification. 1t suf-
fees to say that all available supplies
of copper for the next half year are al
ready marketed to domestic and for
eign consumers. chiefly the latter. at
prices seldom if ever before quoted.
Conditions scarcely less favorable ap-
ply to manufactured steel and iron.
leading mills continuing to- operate at
full capacity on a further upward re-
vision of price schedules. The event Of
the week In this connection was the
additional fve-dollar advance in steel
rails.
Shares of various other compan mics
operating on war or peace bases moved
forward with issues having no definite
classification. all as the result of re-
narkable earnings. Numerous new, in
creased and extra dividends were de-
clared and holders of other stocks,
notably the more active industrials. are
expected to receive like benefits before
the end of the year.
Renewal OF antagonism between or
ganized labor and railroad executives
over the eight-hour law accounted
more than any other factor for the
comparative heaviness of railway
shares. Developments of cheerful i'm
port were not altogether lacking, how
ever, these being seen in the restora-
ton of Chesapeake and Ohio to fair
dividend status and the approaching
discharge OF the Rock Island receiver
ship.
New foreign undertakings also mark
ed the busy week, including large
unsecured Russian credit. loans for al
deviation purposes to French munich
palities and small loan by an in
terror financial institution to the Chi
nese government. Negotiations also
are proceeding for a large unsecured
loan on short-term basis 10 Great
Britain.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-11-19
| Will Buy

81, 900 Chevy Chase to CT. r. Land SO.
is Cnpital Traction mt 81.
70 Wash. Rwy. 4 Elec. pfd. Mt S1k eX.
Is Washington Gas Mt 20.
rs Georgetown Gas at 20.
25 LansfOn mt S6A eX.
10 Franklin National Bank ut I32.
Gayety Theater.
10 Ontario Apartment at 20.
S Connecticut Pie Co.
EXCLUSIVE of commissions. Subject to
previous acceptance or cancellation.
Bonds plus accrued interest All exc
cutions for cash. -
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-11-19
WEEKLY FISCAL STATEMENT
OF FEDERAL RESERVE SYSTEM

The federal reserve boards statement
of combined resources and liabilities OF
| the twelve federal reserve banks at the
| close of business Friday follows:
RESOURCES.
Gold coin and certificates in vault saa3 Al 900
God settlement fund ........-..... 14o,S.l ,ooO
Cold redemption fund with L. $. ,s, ooo
'reasurer i'''o''''"V
Total gold reserve s4a5. s45. 900
| Legal tender notes silver, etc.. l6.5SO. 600
Total reserve ......s 452. 90 900
Five per. cent redemption fund .-ooo,
against federal reserve bank notes. 41o,oOo
Bills discounted and bought;
From II to 40 days.......... -. 242 900
From 81 TO ,a days 45aSo 900
From I'll to 80 days. @9.aai.Wo
Over 90 days ................ 1.5o3. 900
Total ACKNOWLEDGEMENTS. .s1l7, 4as 900
Investments:
United States bonds ........... a9.1l5. 900
One-ycar L. s. Treasury notes.. 11.161.GOO
Municipal warrants ............ 1887 900
Total earning assets ........ .S1S6 372 900
Federal reserve notes tnetl. 14.256.0o0
nett ........r..... 5a.77s. 900
All other resources .......... GEL 900
Total resources s7l9 II I 900
LIABILITIES.
Capital paid in ......s 55, 1o4 900
Gnvernment deposits -.-.-.-...... 25.1I1 900
Member bank deposits met. go 254 900
Federal reserve notes tnet). 14,46S. 900
Federal reserve bank notes in circu-
lation Observation-Disclosures. 1.n3O.0O
All other liabilities ............... $40. 900
Total liabilities SITS. OF 900
Gold reserve against net deposit and note Lin
biities. 12.3 per cent
Cash reserve against net deposit and note liza
hilities. 151 per cent.
Cash reserve against net deposit liabilities
after setting aside 40 per cent gold reserve
! against aggregate net liabilities federal re-
serve notes in circulation. 16.0 per cent.
Richmond Bank Statement.
Resources and liabilities of the federal
reserve bank of the fifth district, which
includes the District of Columbia:
RESOURCES.
Gold coin and certificates in vault. SAT- ,00o
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-11-19
WEEKS RANGE OF PRICES.
Corrected to the Close of Business November
Is, at the Office of The Evening Star.
Railway and Miscellaneous Shares.

closing
and of
to date
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-11-19
-IWM Sell

81 900 C. C. to CT. Falls SO at 45.
$1,000 Metropolitan n. r. Sc At 1857 y.
81 900 Potomac Consolidated so at 1O9,
80 Capital Traction at 64H.
80 Wash. Rwy. & Eiec. com. At 81 ex.
rs Wash. Rwy. Il Elec. pfd. 1t 81 eK.
400 Warrington Utilities tbid wante1).
% Warrington Gas at TN.
Is Georgetown Gas mt 90.
10 Mergenthaler at $50. .
25 Lanston at 70 ex.
10 Continental Trust ut liz.
10 Munsey Trust at O3.
so Northwest Savings Bank at o.
$50 American Paper Can at GA.
1000 Oklahoma OIL common at 12la.
500 Miller Train Control.
100 Warrington Base Ball at 1874.
Gayety Theater Mt 1851.
IS keDesayN Apt. House mt "a.
40 Cranda1l Amusement Co. at -.
81 J.. Maury Dove Co. ibid wantedb.
Paradise Orchard Co. ibid wantedD.
80 Congress Hall Hotel Co.
rs Russell Ice Cream.
5 Columbia Hotel At 100.
so Greene Consolidated Copper.
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1916-04-07
The Remarkable Trip
of Two Barrels of Flour

In Farm and Preside, the nat
ional farm paper publised in
Springfield, Ohio, is the following
illustration of the cheapness of
steamship and railroad transporta-
ton before the present conflict.
The story went that man in Min
neapolis bought, at one of the great
mills in that Touring capital of the
world, two barrels of flour. One
barrel he ordered put on a dray
and delivered to his home in the
outlying part of Minneapolis; the
other he put into car that was
being loaded for seaboard, steam
ship, and Liverpool. He kept tabs
on the expense of both deliveries,
and when they had been made
found that it had cost him a triae
mere to deliver the barrel by dray
in Minneapolis than the barrel that
went 1000 miles by rail and
steamship to Liverpool!' 1t is
needless to add that this was "be-
fore the war"
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1916-04-07
1 GENERAL SURVEY Qr
THE WAR
SATURDAY..

A naval encounter in the North Sea
has resulted in the sinking OF thf
German raider Grief by the BTltlsf
armed merchantmen Alcantara, yes
sci in the government service Whlcf
herself sunk by torpedo. Inc en-
counter took place February %.
Verdun has been set on fire by
shells from German artillery engage,
in a. duel with the big French guns
saws the Berlin war Office. Both Parl;
and Berlin agree that the situation
north of the fortress is unchanged
Heavy gurfire is reported in The
Woevre, TO the southeast.
The Russian offensive is beins
strongly pressed along the Whole Ions
eastern battle line. The cars forces
in the north are driving against The
Germans on the front nearest the
east Prussian border. Petrogra
claims the enemy has been beatei
back below Dvinsk. At JacobStadt
where the Germans are making coun
ter attacks in an effort to restore
their broken line, fresh Siberian
troops are being used in the Russian
drives.
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1916-04-07
Maryland Farms

90 acre dairy farm, medium clay
land, free from stone, good s room
house, nice shade, plenty fruit
cow barn for 20 COWS, Silo, horse
barn, implement sheds, granaries,
poultv house, other ourbuilding,
about 65 acr"s under cultivation
fronting on macadam road, 2'milt
from railroad station and town of
2GG0. Good land and produces
good crops. Price $40, 100000.
viii divide to suit purchaser.
120 acres, nice lana, IS acres
under pillow, 6 room house. plenty
fruit, 5 miles from Salisbury, tim
Der worth about $4,000. Price
$3500,O0, easy terms. AZ acres, 5
room house, plenty fruit, 4 miles
to station town. Price 100000.
IS acres, 4 room house, 20 acres
under pillow. Price 100000. Write
for catalogue.
Figgs & Humes,
211 N. Division St.,
box sow Salisbury, Md.
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1916-04-07
MONDAY.

The loss OF life on the channe
steamship Sussex. which met disaster
on Friday, is likely to be close to 100
All Americans are known to be safe
Washington takes a grave view OF
the attack on the Sussex, and also
of the reported torpedoing of the
British horse ship Englishman. TIE:
persons are reported dead from the
Englishman. Four Americans are
missing. Discussion of a possible
break with Germany has been renew
ed.
A violent bombardment by the Ger
mans on the DouaumCnt-Faux front
north of Verdun, is in progress. The
British have destroyed 100 yards o.
German trenches.
The car has gone to the western
battle front of Russia, where his ar
mics are driving against the German:
at three points. The Germans asser
that the losses of the Russians in theil
new offensive have been enormous.
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1916-04-07
WEDN ESDAY.

Vienna reports an air raid on Ven
ice, but indicates the damage done
was unimportant. Hard fighting has
won back for the Italians the position
recently lost near Corr. The Italian;
made 302 prisoners.>
Germans announce gains along
mile front at Malancourt, nine mile:
northwest of Verdun. French ofiicla
reports say French troops carried bJ
attack part of the forest of Avocourt
which was captured by the Germans
Athens advices report Greece a:
much stirred over Mondays German
air raid on Salonika, which led to bit
ter comment in press and chamber
Twenty persons were killed In tbs
raid.
Petrograd reports say furious can
nonading is taking place en- the DVinsF
front and German counter attacks
we're repulsed. The Russians capture
ed another town in their drive aga ms
the Turks in the Caucasus.
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1916-04-07
Home Sweet Home

The author of that favorite song,
"Home. Sweet Home" knew what
he was about when he wrote the
words and set to music the s9nu
ment so grandly expressed iii h t
song. for no matter where people
NAV 90 and no matter what n" y
be their surrounding, there is lo''s-
ing for home be it palace, a hut or
cabin. 1t is mighty good thnS
to have a home and still better to
be able to return to it, because lie
would not be worth living without
home and friends and nelghborS.
TO be sure it is natural for people
to make occasional trips. A change
of scenery and climate and all that
are at times necessary, bat when
the average person is away on a
Journey. be it brief or extended,
there is the satisfactory of knowing
that at the appointed jtime the re-
turn trip home will he made. 1t
is in our home communities that
our friends reside, who are interest
ed in our welfare, friends who re-
ioice with us in days of prosperity
and who sympathize with US in the
DAYS of adversity.- Clifton Forge
Review
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1916-04-07
THURSDAY.

The sinking Of three more British
steamships is announced by London
Another attempt by German aVl
ators to attack Salonika has been
thwarted. Greece has protested tc
the central powers.
Five small Italian towns were rad
ed by Austrian aeroplanes. Little dam
age was done.
Efforts by the crown princes troops
to retake positions lost to the French
in Avocourt wood, northwest of Yer
dun, were repulsed, with heavy losses
Paris says. French aviators have
again bombarded railroad stations in
the region CT Metz, the base for the
German offensive at Verdun. Paris
reports renewed German activity
south of the river somme.
Rains and melting snow are inter
sering with the Russian offensive, TINS
Germans are believed to be planning
T. land and sea attack on Riga.
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1916-04-07
TUESDAY,.

Two Americans aboard the British
steamship Manchester Engineer, SUM
on her way from this city to Man
chester, declare that the vessel wa:
torpedoed without warning.
Bitter fighting is again taking place
along the Austro-Italian front. Tie
Austrians launched an attack on Va
Piccolo, taking trench, but the Ital
ian forces reconquered the position
and took Austrian trenches elsewhere
Lively fighting has developed on the
Franco-Belgian front, Berlin announc
es. The British for several days have
been attacking the German line, which
has been pierced at several points
according to London official state
ments.
In the Verdun sector the Germans
have increased the big gun fire ives
of the Meuse, south of Ma.incourt.
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1916-04-07
Guarding The Treasure

Writing on the natural wealth OF
the United States, Albert w. At
wood, in the Saturday Evening
Post, gives impressive figures. Our
soil, says Mr.. Atwood, is the most
productive in the world. We raise
more wheat than any other nation;
a sixth more than Russia, our near
est rival. Three-fourths of all the
corn raised in the world is grown
on American farms. We are faI
ahead in cotton, producing two
thirds of worlds supply.
We have sufficient iron for cen
turies to come-about seventy-five
billion tons. This country turns
out as much steel in a year as
Great Britain, France and Ger
many combind. We supply 60 pei
cent.of the worlds yield of copper
The United States possesses 60 to
70 per cent. of all the coal deposits
of the world. Our total wealth,
exclusive of Alaska Porto Rico anc
Hawaii, is computed at two hun
dred and twenty billion dollars.
1t is reckoned that our gold sup
ply equals that of France and
Russia communicative nations that
have made speciality of occumulat-
ing gold. We have as, much gold
as Great Britain, Germany and all
the other belligerents put together,
excepting France and Russia.
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1916-04-07
HeadWaters

The warm days we have been
having make us feel like spring has
come.
Miss Rose kincaid is visiting her
sister, Mrs O. +. Burns.
Miss Lizzie Marshall spent Sun
day with Miss Henrietta Rogers.
John Warner has come to spend
some time with his son, G.. b.
Warner.
Mrs. O. R. McCray and Mrs. l..
NJ. Simmons visited Mrs. McCray's
mother, VINO is on the sick list.
Messrs Charles and Archie Hodge
have returned from w. Va. where
they have been for some time.
P. V. Hupman, O. E. Burns and
Taylor Reynolds spent Friday
fishing. but on account of the
weather they did not have much
luck.
O. r. McCray, U. S fire guard
has begun partrolllng now.
Bad colds and grip are still
among us. Those on the sick list
are Mrs. John L. Armstrong, Mrs.
| i. B. Warner, Mrs 0. P. Simmons
and Walter Hodge
Dennis Reynolds has been very
sick, but is improving.
We are sorry to learn that the
month of pay school ends Thurs
day We are planning an all day
affair for the close of school with
dinner on the ground.
Charles Campbell made a bus
mess trip to Williamsville the first
of the week.
Among the business visitors to
Headwaters Saturday were Ben
Armstrong and his father, Harvey
Whistlemen and Roy Hupman.
Clare Wilfong, of Mcdowell, is
visiting his cousin, Mrs. B. S. Rey-
nolds.
D B. CARRIER, of Bridgewater,
preached at the church of the
Brethren Saturday and Sunday
afternoon.,~ He also assisted in
organizing Sunday School.
Ami Armstrong and Sam Arm
strnng were the guests of their
sister, iMrs. O. R. McCray this
week.
John Simmons went to see his
mother, who has been sick for
some time. His son, Charles, has
measles.
Measles seems to be raging in
our community. Allen Stuart,
jim OWNS family anil George
Hodges family have all had it.
Mrs. George Hodge, who has
been sick for some time is improv-
ing.
Cam Crummett has been on the
sick list for some time.
Mrs. O. R. McCray and Miss
Geneva Jones spent a day this
week with John E. Armstrong and
O. D. Simmons.
| Pod Vino
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1916-04-07
A Shortage In Paper

A commodity even 50 indirectly
related to the demands of war as
paper is showing the prevailing
tendencies to such a degree as SER
i"usly to embarrass publishers
Tie higher price of paper stock and
the difficulty of obtaining it at all
in England was chief factor in
the discontinuance in March of the
London daily Standard, after a
career of sixty years, for a con-
siderable portion of which it was
the most important organ of the
riddle classes in England. In
America the demand for paper has
been increasing for six months as a
result of general business activity
At the same time, supplies used in
its manufacture have been decreas
ed by war conditions, and in some
cases have almost been shut off
The supply of old rags is affected
by tie cutting off of the importa-
tions from the European peasAntry
and by the demand for the making
of guncotton. The chemicals used
in bleaching the paper produced
by sulphuric acid and alum are be
ing devoured by the manufacturers
of explosives, while imoorta'ions
of jute have fallen eff until the
price is doubled. Ar embargo has
been placed on shipments of wood
pulp from Norway and Sweden,
while Canada stopped ;.c.ess to il
vast resources some time ago The
newspaper publisher is, in ED,
hard hit by war conditions III many
other items of supplies besides the
basic one of paper stock Practically
everything going into the manu-.
facture Of a daily newspaper has
increased in price from 10 to Sc
per cent inks, owing to the adj
vance in the cost ri acids and
dyes, from 800 to 1000 per cent;
type, owing to the higher cost Of
lead, tin and antimnny-even rub
Der and felt blankets wrapped
around the press rollers add their
quota to the increased "cost-of-
living" of the metropolitan daily
From The Progress of the
World" in the American Review
of Reviews for April, 1916.
Mosans Dyspepsia Cure
nigests what you eat.
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1916-04-07
Armstrong

We are having some fine spring
weather. Farmers have thrir
alarm clocks set for 4 o'clock a. III.
This community was visited by a
very severe electrical storm last
week, and very strong wind. A
man by the name of Campbell. who
is doing work for the Millboro Lum-
Der Company is 'shantying" near
one of the company's camps, had
part of bis camp destroyed by a
falling tree while the storm was at
Its worst. His wife and sister-in
law, and two children were in one
end of the camp but escaped UNI
hurt.
Ewing Dever, who is filing at
camp for the NJ l.. C. met with
a very painful accident the other
day: He was splitting some wood
for the stove in his filing shack
when his AK glanced and caught his
right foot cutting a cash about 4
inches long, ri ght to the bone. Dr.
Faircloth was called and put d
stitches in the cut. and he is getting
along all right.
Cecil Granfeld has been suffering
with rheumatism for couple OF
year.
Albert Pritt, who has been work
ing at camp 7, has gone home to
commence farming.
Harry Simmons was promoted to
company scaler.
Forest Pritt is driving team at
camp Z.
Russell Simmons made business
trip to Hotchkiss yesterday.
Mr.. Alexander, the general man
ager of the NJ. L, c., and Arch
Revercomb attended court in
Staunton and brought team of
fine horses back with them.
| suppose the eastern part of
Highland will soon have a railroad,
the company has started their road
that way. They are nearing the
Scotchtown Draft, and now Will
Evansville will soon hear the engl-
neer blow his whistle. The rock
oak bark will soon peel the COM
pany has lots of bark to peel this
spring. Pat
Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1916-04-07
Administrators Sale

As administrator of Homer 7. Hull,
deceased, will, on FRIDAY the 21st day
of April. 1916 at the residence of Mrs.
Jacob n. Hull, near Vanaerpool, Va i,
offer for sale at public au ton. the fol-
lowing personal property: 20 good ewes
and their lambs, one buck, one good
COW and heifer calf, ole two year old
heifer will be fresh May 1st. 2 two year
heifers, brood SOW, four good shoats,
20 nice chickens, 900 lbs of hog meat,
four gallons of lard, lot of canned
fruit, IA bushels of potatoes, some corn,
one hot gnr.
TENSION purcha les amounting to
s. and under cash VIII be required Oyer
that amount neg otiab!e note sati,fActori
~ endorsed due in six months after date
with interest from date.
Respectfully,
Morton Hull, admir- of
Homer T. Hull. deceased