davidaulloa/AmericanStories huggingface dataset:
Evening star., 1916-05-14

Net gains of s5.6oo.oo in gold. $780,
900 in earning assets and $7.e00.o00 in
net bank deposits of the federal re-
serve banks are shown in the boards
weekly statement of the condition of
reserve banks, issued yesterday. Earning
assets of the banks stand at 800 per
cent of the paid-in capital. as COM
pared with 1S9 per cent three months
ago. The New York, Philadelphia and
Minneapolis banks reported the larg-
est net gains in deposits.
The amount of discounted bills on
hand was approximately s2o,o00.0O0, a
decrease of SO per cent since the be-
ginning of the year, but acceptances
on hand have more than doubled dur
ing this period The statement shows:
RESOURCES.
Gold coin and certificates in vault. s23s 4s5 900
Gold settlement fund ............. II 911 900
Gold redemL ton fund with United
States treA 'urer. 1.i7S.0O0
Total gold reserve. e.............. 1872 ia 900
Legal tender notes. silver. etc.. 1927 900
Total reserve e.................... $500 101 900
Bills discounted and bought:
Maturities-
Within ten days. $6so2 900
Evening star., 1916-05-14
COTTON MARKETS.
NEW YORK.

NEW YORK. May 13.-The cotton
market was comparatively quiet this
ing accounts had probably been evened
up during yesterdays trading and.
with many brokers making final plans
for paradins this afternoon. business
was naturally restricted. After selling
at 1901 on the call. July contracts
eased off to 1888. but steadied later,
closing at 1898. with the general list
closing steady at net advance of 3
to points.
The market opened steady at an ad-
vance of to 8 points in response to
relatively firm cables. October con-
tracts sold at 1915 and December at
1923 on the call; there seemed to be
some buying here by houses with Liv-
ever. demand was limited. while re-
dictionary sentiment was encouraged to
some extent by less favorable views
OF immediate peace prospects cabled
here from London. the rather bearish
weekend figures and the falling off in
domestic mill consumption for the
month of April. as compared with
March. These features, however, did
selling and. after easing off to 1906
for october and 1919 for December,
or about to 3 points under last night 9
closing hgures. prices steadied a
Trading was very quiet after the first
hour. The census figures indicated
that domestic consumption for the
month of April amounted to 602, 1852
bales, including 1926 bales of linters,
compayed with 694.530 bales. including
sO.9O5 bales of linters. for the previous
month. The consumption, including e
linters, for April last wear was ,554
bales There was little change in the
character of crop news reaching here
from the south. with continued COM
plants of droughty conditions coming
from Georgia and the Carolinas. while
the official forecasts were for general
ly fair weather over the belt
A private cable from Liverpool re-
ported firm market with very little
Offering Reviews of the domestic
goods trade indicated continued ac-
tivity and with labor troubles out of
the way, local bulls are predicting very
heavy consumption figures for the
month of May. ! Port receipts today
23.24s bales: for the season. 6.75S.9OS.
Exports today, 26.12I: for the season,
1862, PA. Stock Il625SO
Evening star., 1916-05-14

Continental-C Commercial Bank of Chicago
says: The federal reserve bank. with
gold imports and foreign credits, has Gre
ated more than $4,000. 100000 of idle
credit. to the detriment Of the earnings
of banks Rates are the lowest in the
history Of the country. The system is
good and / believe in it,
Public utility earnings the country
over are satisfactory. Increases in earn
ings are generally reported. but the pub
lie is slow in taking investment interest.
American Graphophone made approx
mately $2,000.000 last year and the gross
sales have increased so per cent for the
first quarter of the present month.
Lanston carried about s365,O00 to profit
for the last year.
In ten years Atchison has increased its
mileage 33 per cent while net earnings
after taxes have increased II per cent.
Willys-Overland are said to be shipping
1000 cars day.
The New York stock market has been
stronger in the last few days than for
weeks past. and the shorts were run in
at big loss. Evidently big people were
back of the boom. A submarine sensa-
ton might change it all Peace talk is
not given any credit on Wall street.
Evening star., 1916-05-14
NEW ORLEANS.

NEW ORLEANS, La, May 13.-The
cotton market barely moved today,
main Influences being conflicting and
traders being more disposed to even up
over the week end than to enlarge their
holdings. Cables were much better
than due, but their effect was offset
by disappointment over the showing of
the census bureaus monthly mill sta
tistics. on the first call prices rose
) to points. but almost Immediately
sagged off. At the lowest of the morn
ing the most active months were only
to points under yesterdays fnal
figures. The close was steady, un-
changed to points up net.
Bulls expected the figures on Ameri-
can mill consumption for April to favor
them strongly, but. instead. there was
a falling off compared to March both on
cotton and on linters. The large
stocks IN mill warehouses also excited
unfavorable comment.
Weather conditions over the belt were
generally considered very favorable.
although bulls claimed rain was needed
over a portion of the cotton country.
Evening star., 1916-05-14
NEW YORK BANKS.

NEW YORK. May 13.-Today's bank
statement showed actual conditions as
follows:
Loans. etc. ss.s7o.s5s,ooO; increase
$30,575 900.
Reserve in own vaults. of which $780,
621 900 is specie. s443,269.000; decrease
S1.l31 900.
Reserve in federal reserve bank. $685.
053, 900: increase, S35S,000.
Reserve in other depositaries, 355,954.-
900; decrease, s1.203.000.
Net demand deposits. $3.343.293.oo0
Met Net time deposits; deposits. s17s,sos.ooo in
crease, $4,000.
Circulation, s31,730,000. increase
$4,000.
Aggregate reserve. s664.276.O0O.
Excess reserve. sSs.7S7,2s0; decrease
S7,114,910.
Summary of state banks and trust COM
panies in Greater New York not in
| cluded in clearing house statement:
Loans. etc, s715.561.200: decrease, ST.
599,7OO
Specie. s6o.1ss.40o: increase, s756.2oo.
Legal tenders, $9,24S.600 increase
$2O9. 700.
Total deposits. sso.sss. 200; increase.
$2,561,1OO.
Banks cash reserve in vault. s12,112,-
40t.
Trust companies cash reserve in vault
$57,275,600
Evening star., 1916-05-14
l Will Sell

$1,000 Washington Gas So mt IO71s.
$4,000 c. e. & CT. Falls Land SO at fOh.
$1,000 Wash. Ry. Elec. SO at SOFA.
$1,000 Potomac Consld.. SO mt TOOst.
$3.50 Pot. & Ches. Steamboat Sc.
2S Capital Traction at 01.
100 Wash. Rwy. & Elec. com. at s41s.
= Wash. RSvy. & EIec. pfd. at 81.
10 Wash. Nir. Rwy. com. ibid wantedDs
200 Washington Utilities at -.
80 Washington Gas at s712.
Z Georgetown Gna mt 12S.
3Ls Pot. & Ches. Steamboat pfd.
Is MerGenthaler Linotype at 1874.
25 Lanston at ~
10 Farm. & Mech. Nat. Bank st 247.
30 Continental Trust at 1871.
10 Munsey Trust at 961a.
500 (any part) Miller Train Control
10 Gayety Theater at 1521a.
100 American Paper Gan at 3.
ESQ Oklahoma OIL Ibid wantedD.
100 Washington Investment at 20.
s GraphOphOne pfd. at 133.
2OO Tripure Water Systems at 13-
s Bachelor Realty COrpn. ibid Ssante4Ds
100 Washington Baseball Club mt y.
Evening star., 1916-05-14

took contracts for $4,000 tons of stand
ard and light sections. about 1900
tons of which were at the higher
prices established May /.
Fifteen thousand tons were for In
dustrial roads subsidiary to the United
States Steel Corporation. The loco
motive shops secured orders for 10
engines, sixty of which are for the
Boston and Maine and seventy-five for
the PennsyIvania; 200 more are under
negotiation. including seventy for the
Lehigh Valley railroad. The car shops
received orders for 436 cars. and be-
tween 5000 and 1000 more are pend
ing. one-third of which only are for
domestic roads
Evening star., 1916-05-14
Orders for Structural Steel.

Large orders are still being placed
for extensions to manufacturing plants
and railroads are placing bridge or
ders with a more liberal hand. The
fabricating shops booked contracts for
nearly $4,000 tons of steel during the
second week of May. and submitted
tenders on an equal tonnage. Other
work is in sight which will call for
io5.OOO tons of steel. of which $4,000
tons is for projects in the New York
metropolitan district
Buying of pig iron amounted to
about 100000 tons, three-fourths of
which was for foundry grades for do
mestic consumers. Small sales of
steelmaking and special iron were
made for export to the Mediterranean.
Mexico and South America.
Evening star., 1916-05-14
NEW YORK PRODUCE.

NEW YORK. May 13-Flour--Dull.
Wheat-Spot steady: No. 1 durum
1904: No. hard, 1861 No. l north
toba, 134h, f. o. b. New York
Futures steady. May. 1.24.
Corn-Spot steady; No. 2, yellow.
SSls c. j. f. New York.
Oats-Spot quiet Hay-Quiet. Hops
Steady Hides-F'irm Leather-Firm.
Pork-Steady Beef-Quiet. Lard
Firm; middle west, 13.10a1320. Tallow-
Steady Wool-Steady. Rice-Firm.
Molasses-Firm
Steady. Apricots-Dull. Peaches-Firn1.
Raisins-Quiet
Evening star., 1916-05-14
TREASURY STATEMENT.

Tho condition of the United States
Treasury yesterday: Net balance in
general fund. s123.716.s03; total re-
ceipts, $2.696.616; total payments. $4.-
0S7,S74.
538 against a deficit Of $111.362,4s3 last
year. exclusive of Panama canal and
public debt transactions.
Evening star., 1916-05-14
Unlisted Institutions.

There are quite a number of institu
tions that have not listed their Sc
curities on the local stock exchange
the most prominent Of these being the
Munsey Trust Company, Franklin Ma
tional and Du Pont National.
Comparative statistics OF book val J.
ues a YEAR ago are not at hand and the
valuations are therefore gwen win
out those of year ago, and are also
for each 500 of capital irrespective
of par value of the shares:
BOOK VALUES OF BANKS NOT LISTED OK
Evening star., 1916-05-14
Checks at Par.

with the 18th of June checks drawn
on banks that are members of the
federal reserve system will pass cur
rent anywhere at face value.
After months of trying. the federal
reserve board has at last perfected a
system that will do the work. The re-
serve board Is convinced that the ad-
vantages OF par collections are more
valuable more real than the bank ing
fraternity. afraid of losing exchange
profits, might admit.
Nor is the plan obligatory on mem
ber banks-they do not have to join
in the movement unless 1t is so sue
cessfuI for those who do that other
banks will want it's advantages
The regional bank will undertake the
collection of all checks sent to il by
members-it must do it. therein being
the only compulsion. The only obliga-
ton on member banks is that they pay
checks drawn on them at par. 1t may
be that the federal reserve board will
vet make it compulsory on all member
banks to 1oin this collection system.
Members will be required to main
tain a balance to care for their collec-
tions over and above reserves.
Banks may ship currency, If desired.
to meet obligations.
In time it is within possibilities that
the reserve system will make all COL
Ilections for members and non-members
a
Evening star., 1916-05-14
CHICAGO.

CHICAGO. May Hogs-Receipts
5000 head: strong. Bulk, 10.00alo.1o;
light, 965a1015: mixed, ?.1Oalo,2o;
heavy. e65a10.20; rough, 9.65a9.So; pigs.
140a9.50.
Cattle-Receipts. 100 head; strong:
native beef cattle. 7.90a10.l0: stockers
and feeders. 5.90as.s0: cows and heifers.
435a9.5O: calves. 1.00a10.50.
Sheep-Receipts. 1000 head: firm:
wethers. 7.35ae70: ewes. 5.o0a9.50;
lambs, s.50a12.25.
Evening star., 1916-05-14
/ Will Buy

rs Capital Traction af SSH.
10 Wash. Ry. & Elec. pfd. mt 81.
80 Warrington Gas Mt s6A.
3 Lanston at s6.
70 Franklin Nat. Bank at t3O1a.
10 Continental Trust mt 12S.
1000 Oklahoma OIL.
so Ala. Coal and Iron com.
Exclusive of commissions Subject
to previous acceptance or cancellation.
Bonds plus accured interest All exc
cutions for cash.
Evening star., 1916-05-14
Warning Nations in Europe
Place Big Orders for Steel

NE" YORK. May 13.--Agents OF the
entente allied governments have sue
ceeded during the week in placing con-
tracts with American mills for a little
more than 100000 tons of blooms and
mound steel bars for the manufacture
o: projectiles in Europe
Tne significant fact is that all of the
shipments are TO be made this year
and lJ0,0O tons additional are under
negotiation for shipment in 1916 but
only about 100.0 900 tons are said TO be
available for export in the next seven
months. The sales made were largely
Tor the French government but 30 900
tons were for direct export TO Russia
and $4,000 tons to Italy. II is under
stood that about half OF this steel viii
b" furnished by the steel corpora tion
snd the other half by four independent
mills.
April's Untitled Tonnage.
The april statement of untitled tom
mage by the United States Steel Cor
po-ation last Wednesday indicated that
ocw orders taken exceeded shipments
by 1892 tons per day. Shipments
were estimated at the rate of $4,000
tons per day. and new business at the
pate OF 10,Gi2 tons per day. Output of
Ngots and rolled steel products were
Utmost 900 tons less than in March.
The railroads are placing liberal
orders for motive power. and bridges.
put contracts for rails and cars are
p1ldu IL proportion. Ths rail mills
Evening star., 1916-05-14
WEEKLY FISCAL STATEMENT
OF FEDERAL RESERVE SYSTEM

From eleven to thirty days. Is, 600
From thirty-one to sixty days. 26,ll4WW
From sixty-one to ninety days.. IA S95,VW
Over ninety days. 2,SOOVOV
Total. $es, EOS, 900
Investments
United States bonds. ............. $51, ,26S GOO
One-year United States Treasury
nottes xS SsS' H0E
Total earning assets. .s1e4, 500, 900
Federal reserve notes. net. $26, ,053, 600
Due from federal reserve banks. net. 10. 752, 900
All other resources. 1891. 600
Total resources. 1881, ,1ss, 600
LIABILITIES.
Capital paid $54 $50, 900
Government deposits ........, as, ,153, 900
Reserve deposits net et........... 427. $40. 900
Federal reserve notes, net. ....... S.402. 600
lation .................. 1,751,oo0
All other liabilities. ies........... 227, 900
Total liabilities. 1881. 1884, 600
Gold reserve. against net deposit and note liza
bilities. 6S.1 per cent.
Cash reserve against net deposit and note liza
bilites. 69.s 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. 70.4 per cent
Evening star., 1916-05-14
LIVE STOCK MARKETS.
NEW YORK.

NEW YORK. May Beeves-Re-
ceipts. 2S3 head: no trading. Calves
Receipts, 223; steady: veals. 1l.15;
culls, 500.
Sheep and lambs-Receipts, $50 head;
firm: clipped lambs. 1910
Hogs-Receipts. 1892: no trading.
Evening star., 1916-05-14
HoOK VALUES OF BANKS NOT LISTED OK
STOCK EXCHANGE.
Comparative Deposits.

The table showing the deposits of the
banks of Washington at the close of
business May /. compared with the de-
posts at the cloIe Of business March
Evening star., 1916-05-14
Dry Goods Market Suspended.

NEW YORK. May 13.-The prepared
ness parade in this city caused the sus-
pension of business in dry goods mar
kets today.
Evening star., 1916-05-14
Financial Notes.

The interior improvements that have
been under way for some time past on
the United States Savings Bank building
have been completed and the bank now is
housed splendidly.
Seven national banks were organized
last week with a capital in the aggregate
Of $25o,oo0. All minimum capitalization
but ono one-hundred-th d-thousand-dollar In
stitution.
, Arthur Reynolds. vice president. of-the
Evening star., 1916-05-14
WEEKS RANGE OF PRICES.
Correcte dto the Cose of Business May Is, at
the Office of The Evening Star.
Railway and Mi.eell.neou. Shares.

lowest and closing prices
week 1914 and
he 5tod
Evening star., 1916-05-14
Diplomatic Troubles Figure
as Factor in Stock Market

NEW YORK, May 13.-Passing of the
crisis with Germany and increasing
tension in the Mexican situation were
the conflicting elements around which
this weeks stock market most often
revolved Early dealings reflected
greater caution on the part of the
speculative public. but this feeling was
lost in wave of bullish enthusiasm
yesterday and today when Specialties
ana war contract issues. particularly
the automobile stocks, rose in spectacu-
lar fashion.
There was far better inquiry
throughout the week for rails of yari-
GUS classes, the low-priced issues
notably Rock Island and former Gould
shares, suggesting steady accumula-
Evening star., 1916-05-14
Peace Talk Discredited.

There wss little in the movement Of
foreign exchange TO give credence to
peace talk Easing Of sterling rates.
which caused a renewal of gold i'm
ports from Canada. and the strength
q renittances to Germany, which NAV
nave been the consequence of further
selling OF American securities fo- leu
toflc interests, were the contrasting
features Of that market
Bank ciearinSs continued TO keep UP
with the increase Of railroad tonnage
and expansion Of general business. The
financial embarrassment of a well
known local merchandising concern
was the occasion Of much surprise be-
cause ITS failure seemed 10 result from
causes IN no sense symptonatic of gem
e-al conditions.
There was some hardening Of money
rates for long time accc-nruoda+ions n
change attributed to the approach of a
season tEat is expected TO increase ner-
camille cemands at Leading centers of
trade
Evening star., 1916-05-14
MOTORS IN LEAD
At SHORT SESSION
Preparedness" Sounds Key
note in New York Stock
Market.
RAILS SHOW STRENGTH
IN THE CLOSING TRADES
Western Union Leads in the Utility
Group. Gaining More Than
Three Points.

NEW YORK. May 13.-Preparedness
seemed TO sound the keynote of today
short but active session. stocks of COM
panies which are likely 10 benefit by
national emergency measures being
the strongest features. Included among
these were the motors. Studebaker be-
ing the most active issue. with an ex-
treme advance of points, to 14l. with
for General Motors, at 460. and 10
for Willys- Overland. at go.
Crucible Steel. Baldwin Locomotive
and other industrial and equipment
shares coming within the scope of war
contract issues were higher by / to 3
points. Overnight developments were
helpful to the Mexican group. those
issues displaying marked firmnesS.
Short covering in various other spe-
cialties served to raise the general
level of prices materially above the
corresponding period of the previous
week
Evening star., 1916-05-14

THOMAS L. HUME, Broker
1410G Street, Rooms seS' Tel. M. l346
Money to Loan

Secured by First Deed Of Trust Real Estate.
Prevailing interest and commission.
Joseph l. Weller. GA F St. NV.
Evening star., 1916-05-14
Gains Made by Metals.

United States Steel and coppers fol-
lowed the general trend in moderate
degree and the usual unclassifed stocks
made irregular gains. Total sales of
stocks amounted to 1000 shares
Routine news was of the familiar
weekend character, including reviews
OF the mercantile agencies. a desultory
market for foreign exchange, francs
hardening fraction, while marks
yielded some of their recent strength
An actual loan increase of S3O57 ). 900.
a moderate cash loss and a further
contra ctLnJI in. reserves bringing ex-
cess reserves TO below sS9,00OOOO as
against Sl13. 100000 a year ago. were
the striking items contained in the
weekly bank statement
Bords were firm, but lacked especial
features. Total sales (par valued
$l.S3O.oOO. United States bonds were
unchanged on call during the week
Evening star., 1916-05-14
Who's Usurious NoWp

The United States reclamation service
is charged with charging dry farmer
one per cent a month interest on an un-
paid water account of S232.12, unpaid
because the farmers crop had been de-
stroyed the previous year.
The voucher of the reclamation service
has been sent to the F'inancier of New
York and is causing some fun among
national bankers recalling the controller
of the currencys charges against them.
Evening star., 1916-05-14
Rock Island Prominent

In the case of Rock Island the demand
probably resulted from the belief that
the eompany's financial prospects JUS
iIfy an early discharge of the receiver
Reading and Canadian Pacific featured
me investment group, the former being
iited 20 the highest price in it's history.
The one anomalous feature was
nffed States Steel which continued
10 lag in the face of its brilliant ApriI
tonnage statement. showing an in
crease over the same month Of las
year of no less than 1856 per cent Other
industrials of the same class Were re-
tarded by the slGggishness of steel. but
metals held firm. although some abate-
mtnt OF the recent demand for copper
was reported
Evening star., 1916-05-14
Rails to the Front.

Rails were variable for a time. but
came forward later. Reading record
ing new high record on its two-point
advance to 907s. New Haven and Big
Four" were in further demand and
shares of the cotton roads were favor
ably affected by earnings of the South
ern railway system. Low-p priced rails
including Rock Island. Missouri Pacific
and Wabash. denoted continued alb
sorption.
Western Union was strongest of the
utility group. rising more than points
on unofficial estimates of record break
ing earnings Shipping shares were
backward, Mercantile Marine preferred
showing some pressure. but United
Fruit made a nominal gain
The Julesburg grit-advocate., 1916-10-19
Meterman q msdsrn Atlas.

Got any old thing you want lifted I
A piano. gas range, front stoop, wood
shed, bureau or mortgage. or Q relative
who's overstaying his leave, or any
thing like thatl If you have, Just write
to Frank Green, motorman at the car
barns, and he'll not only lift them, but
toss them any place you say. The
other day he lifted q horse weighing
1850 pounds, about 20 feet In the air.
Frank, who weighs only 1876 pounds.
did the lifting with the assistance of
derrick. He placed a canvas belt
around the astonished horse, connect
ed with a belt that circled his own
waist. and then stepping into frame
rigged up for the occasion and con-
nected with the derrick, gave the sig
nal for the derrick men to haul away,
the horses dead weight being suspend
ed from the motorman's waist. "Did
you do 1t on a bet?" Green was asked.
"Nix. I did 1t just for fun. like to
lift heavy things. Little things like
wagons and motor cars blocking the
tracks don't bother me. I just toss
'em to one side."-New York Letter to
the Pittsburgh Dispatch.
The Julesburg grit-advocate., 1916-10-19
Worlds Greatest Banana Zone.

Costa Rica, the greatest banana
country Of the western hemisphere,
produces more punches Of the fruit
Of the Musa Sapientium than any
other single country on the American
continent. 1t exports from 10000, 900
to 12.OOOOOO punches. Nearly 000
square miles Of land are included In
the banana zone, though not all this
tract Is under cultivation. During the
past few years there seems to b q
falling of in the yield Of the banana,
due partly to q disease whose origin
and elimination are yet unsolved
problems, although the subject of
much scientific study and investiga-
tion. Nevertheless new plantations
are being made at various points In
the fruit districts, while much Of the
abandoned lands are being planted In
cacao. This latter product is thriving
splendidly.
The Julesburg grit-advocate., 1916-10-19
Education In South China.

Literacy among the people of South
China Is considerably greater than
among those of the North. Claim is
advanced In Canton that nearly all the
children of Cantonese parentage, ex-
cept those Of the large boat popula-
ton, receive sufficient schooling to en-
able them to learn to read, whereas in
the North Of China 1t Is unusual to
find q family the children of which
are all placed In school. The native
newspaper Is read by a considerably
larger number than the list of sub
scribers to that paper would make it
appear. In and about Shanghai pa
pers are sold two and three times
over. Collectors 60 about gather
ing up the newspapers Of the previous
days issue, redistributing them among
the lower class Of population. 1t is
said that they are then further dis
tributed by being sent out to the vii
lagos and country sections, where they
are sold for fraction of q cent apiece.