davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-05-28
COFFEE MARKET.

NEW YORK. May 27.-There was a
renewal of liquidation in the market
for coffee futures here this morning,
which was probably promoted by the
sharp break reported in milreis prices
at Rio. The selling was not as active
as 1t was earlier in the week. however.
while 1t also seemed to be coming from
other sources, and after opening at a
decline Of to Q points. with September
selling at SIS and December at $40.
prices rallied slightly on covering and
a revival Of peace rumors September
sold at S.57 and December at s.71 in
the later trading. with the market clos
ing to points net lower. Sales.
23,260 May. s.3s: July. s.44: August.
$50: September, $50: October. s.64:
November. s.6s; December, s.72: Janu-
ary, SIT; February. s.s2; March. SIS:
April s.s3.
Spot coffee-Quiet: Rio rs. az San
tos, 10. 10x. No fresh cost and freight
offers were reported. The ofiicial cable
reported q decline of 275 refs at Rio
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-05-28
BANKS MAKE NEW RECORD.
Resources Greater Than Ever, Con
troller's Statement Shows.

The controller of the currency yes
terday gave out a statement showing
the condition of all national banks in
the central reserve and reserve cities
on May !. The statement says:
THE abstract Of condition OF an ma !,
tional banks in the central reserve ahu
reserve cities as of May l shows that
their resources have reached another
hieh-water mark, total on resources SOW P De
crease of s25s, 100000 over the call OF
March Z.
The deposits in these national banks
were $685., 100000. an increase OF
s24e. 600, 900, while loans and discounts
increased only s4s,ooo.o 900. or from 81
ia, 900. 900 to s4.212.ooo.ooo. on May J.:
"In the central reserve cities OF New
York. Chicago and st. Louis deposits
increased $1ss. oo0. 900, while there was
an actual reduction in loans for the
period Of more than $4,000. 600.
"In reserve cities deposits increased
ss2. 600. 900, while loans Increased
$4,000, 900"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-05-28
NEW YORK BANKS.

NEW YORK, May 27-Todays bank
statement showed actual conditions as
Loans. etc. ss.4o2,ss5,ooo: increase
S22,se0.000. car.
Reserve In own vaults, of which 1885,
s65. 600 is in specie, $419,S15,0o0; de-
crease. $13.366.000.
Reserve in federal reserve bank
s162. 964. 900: increase. $2.341 900.
Reserve in other depositaries, $751;
30s, 900; increase. $45s.000.
Net demand deposits, $3,36s,6o1,o0o;
increase, $10.764.000.
Net time deposits. s1s1.272.ooo; in
crease. $1,000
$4,000.
Excess reserve; $64,s75,350; decrease
1,ss0.960.
Summary of state banks and trust
companies in greater New York not in
Guided in clearing house statement:
Loans, etc, $72s.06o.s00; increase,
2.309.900.
Legal tenders. $s.1o5.soo: decrease,
Total deposits. sse1.sos.4oo; increase,
s1.563.400.
Banks cash reserve in vault. s11.-
$4,000.
Trust companies cash reserve. in
vault. $59,1S0,000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-05-28
CHICAGO GRAIN.

CHICAGO. May 27.-Rains in Okla
homa and Kansas turned prices of
wheat today swiftly downgrade. The
close. although unsettled. was 2% to
2%a2A net lower, with July at 1.O9h
and September at 1.10A. Corn lost u
to 1 II. and oats Aass to III. In pro-
visions the outcome varied from 10 de-
cline to rise of Is.
Rushes to sell wheat began as soon
as the market opened. For while,
however, some leading concerns took
the position that at least in Oklahoma
the rains were apparently not heavy
enough to give more than a slight
measure of relief from the long-con-
tinued drought. Later information.
nevertheless. showed that more mois-
ture had been supplied than was in
dicated by first reports. The conse-
auence was greater impetus to the
downward swing of the market, es-
pecially in the last hour Of the session:
Announcements that 100000 bushels Of
wheat to come to Chicago had been
purchased in Omaha tended further to
emphasize the weakness here.
Peace talk was said by some authori-
ties to have operated as a factor today
on the bear side in wheat. How far,
II at all. this was true seemed to be
largely guesswork. On the other hand.
there seemed to be little or no doubt
that TOT tne Time Delns inc eApoFt CELL
for United States had been reduced to
q minimum. The total sales to Europe
today were estimated at 100000 BUSH
els, almost wholly from Manitoba.
Corn weakened with wheat and as a
result of the rains in the southwest.
Sales of $4,000 bushels to exporters
helped somewhat to check the decline.
Oats gave way, owing to breaks in the
value of other grain. The most active
selling was in the May delivery and
came chiefly from the recent bull
leader.
Packers buying of lard and ribs
tended to rally the provision market
after quotations had suffered an early
setback. The temporary weakness ap-
peared to be due In the main to a fall
ing off in provision shipments as COM
pared with last weeks total.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-05-28
SUGAR MARKET.

NEW YORK, May 27.-The local mar
there were no further sales reported
spot prices were nominally unchanged
at 6M for Cubas cost and freight. equal
to $50 for centrifugal and $50 for mo-
lasses. The undertone was Arm and
holders were asking ~ for June ship
ment, but buyers were inclined to hold
off until after the holidays.
In refined there was a fair business
reported, owing to the continued IA
vorable weather. and prices were
steadily held at recent levels Of 7.65
to 775 for fine granulated.
Futures were quiet. with trading
mostly in the way Of evening up. clos
ing prices ranging from l point ad-
vance to points decline. July sold
from BAT to SIS. closing 646: Septsm-
Der. $50 to $40, closing 5.4s; Decem-
Der, $40 to sos, closing 5.07.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-05-28
LIVE STOCK MARKETS.
NEW YORK.

NEW YORK May 27.-Beeves-Re-
ceipts. 2s3 head; no trading.
Calves-Receipts. II head: no trad
ing.
Sheep and lambs-Receipts. 1,14(
head; no trading.
Hogs-Receipts. s32 head: no trading
CHICAGO. May 27.-Hogs-Receipts
900 head: steady. Bulk. 9.65as.75
light. s15as.75; mixed. s.40as.s5; heavy
s.soaeso rough, s.30as.45: pigs. 7.25a
$40.
Cattle-Receipts. 100 head; steady
native beef cattle. s.30a10.75; stockers
and feeders. 6.15a9.00: cows and heif-
ers, 460a9.75: calves. S.25a11.25.
Sheep-Receipts. 1000 head: steady
wethers. 7.30as.30: ewes, 5.50as.15;
lambs, s.4oa12.35.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-05-28
new YORK PRODUCE.

NEW YORK. May 27.-Flour-Dull
Wheat-Spot weak No. durum. 1.22
No. 2 hard. 1.21; No. northern Duluth
1928, and No. 1 northern Manitoba. ! 2,
fob. New York Futures easy; May
1.15A.
.Corn-Spot weak; No. yellow. 81 y
elf New York.
Oats-Spot weak: standard Al Hay
Firm. Hops-Steady. Hides~Firm
Leather-weak. Pork-Unsettled. Beef
Steady. Lard-Easy; middle west
12S0a12.90.
Tallow-Quiet Wool-Firm. Rice
Firm. Molasses-Steady.
Evaporated apples Dull. Prunes-
Firm Apricots and peaches-Quiet but
frm Raisins-Qufet
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-05-28
WEEKLY FISCAL STATEMENT
OF FEDERAL RESERVE SYSTEM

An increase of approximately $17.-
100000 in total resources Of federal re-
serve banks during the week ending
May rs is shown in the boards weekly
statement. issued yesterday. The
statement shows:
RESOURCES
Gold coin and certificates In vault. .Sc4o 1855 900
Gold settlement fund .............. 81, o81 900
Gold redemption fund with Omitted
States treasurer ................. 2lss, 900
Total gold reserve. 1887 1870 900
Legal tender notes. silver. ETC.. 21e72. 600
Total reserve .................S3 $3.50 III 900
Bills discounted and bought:
Maturities-
Within 10 days ............... $9471 900
From II to 80 days .......... 1904 600
From 81 to so days ......... 2,74s,0OO
From 81 to 90 days -......... 1922 600
Over 80 days observation-disclosures. $685.. 0OO
Total Observation-Disclosures. Sta. 07s. 600
Investments:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-05-28
TREASURY STATEMENT.

The condition of the United States
Treasury yesterday was: Net balance
in general fund. s1So.s64.ss4; total re.
ceipts. S2.5S3.S55: total payments. ST..
6s0.413.
The deficit this fiscal year is s4s,52s.-
243, against a deficit of S107.263, 1873
last year. exclusive of Panama canal
and public debt transactions.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-05-28
| Will Sell

81 900 Capital Traction SO Mt 1OsLa.
$4,000 c. c. & CT. Falls Land SO Mt -.
$1,000 Wash. Rwy. & EIec. 40 mt SOa.
$4,000 Potomac Consld. 81 mt 1OOa4.
50 Capital Traction at S1k.
100 Wash. Ry. & Elec. com. ut ~ ex div.
100 Wash. Ry. & Flee. pfd. at ~ ex div.
80 Washington Utilities ibid wantedD.
so Washington Gas at IS.
40 Wash. vir. Rwy. com. ibid wantedD.
10 Georgetown Gas at 10.
Is MerKenthaler at 1913.
Is LanstOn at II.
10 Farm. 4 Mech. Nat. Bank mt 247h.
100 Continental Trust AT $50.
10 Munsey Trust at 96M.
1000 Miller Train Control ibid wantedDs
10 Gayety Theater at 152.
Is American Paper Can at SIG.
5000 Oklahoma OIL ibid wantedD.
2-1O GraphOphOne pfd. at 1872.
200 Tripure Water Systems at 1914.
100 Warrington Baseball at q.
100 Warrington Investment Mt 20.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-05-28
COTTON MARKETS.
NEW YORK,

NEW YORK. May. 27-An early de-
cline carried July contracts off to 1856
in the cotton market here today or
| into new low ground for the movement.
| but rallies followed, with July selling
up to 80 and closing at 1918. The
general list closed steady at net ad-
vance of to ! points.
Relatively easy cables and the con-
tinued favorable character of weather
and crop reports seemed responsible
| for considerable scattered selling at
the opening, and first prices were 5
to Z points lower. July was relatively
easy. selling 10 points under last night 8
closing figures right after call, but
after showing net loss of some to Z
points. new crop months were steadied
| by a renewal of trade and investment
buying. The buying of this sort has
developed each time the market has
worked below 1880 for October dur
ing the past two or three days. and it's
appearance again this morning served
TO stimulate covering for over the
| week end July also steadied. and the
general list worked about to 8 points
net higher during the late trading
when some fresh buying was en-
couraged by revival of peace rumors
inspired by summary of an inter
view with Ambassador Gerard as pub
ilshed in one of the continental pa
pers. The demand was not particu-
F! larly active or general. but the market
closed within point or two Of the
| best. October rallied from 1277. the
early low point. to 1921. while Deem
Der sold up from 1892 to 1908 The
early decline in July was accompanied
by reports that southern spot inter
ests had sold July contracts here
earlier in the week as a hedge against
high-grade cotton. and the slight in
crease reported in New York ware
, house stocks for the day was supposed
| to reflect increased movement Of
cotton in this direction The rumor
was that the July hedges had been
SOLD when that month was selling on
even terms with October and that the
COTTON might be delivered should trade
buying of high grades fail to improve
private crop report published shortly
AFTER the close indicated an increase
OF s3 per cent in acreage and placed
the condition at ia per cent.
Port receipts today 9o41 bales: for
the season: s.963.s93 bales; exports to-
day, I'll bales: for the season. 1850,
452 bales; stock. 11135Ia haIas
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-05-28
| Will Buy

70 Capital Traction at SO.
2s WASH Ry. & Elec. pfd. Mt SIA ex div.
Is Wash. Ry. & Flee. com. Mt IS en- div.
~ Warrington Gas mt u.
u :-Rnst0n mt S5L2.
Is Franklin National Bnnk at 100.
10 McLachlen Bank Cor. (Oner wantedD.
10 Continental Trust at 10.
5000 Oklahoma OIL Mt ~ cents.
50 (any partD American vanadium Co.
Exclusive of commissions. Subject
to previous acceptance or cancellation.
Bonds plus ACQUIRED interest. All exs-
cutions for cash.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-05-28
NEW ORLEANS.

NEW ORLEANS. May 27.-After an
early decline today the cotton market
stinened on peace talk and rose to a
level to points above yesterday
nnal prices and closed at a net ad-
vance of to points 1t was tvn-
ical week -end session. with trading
small and the majority of traders in
c1ined to even up. The only period of
activity was toward the close, follow
ing the rumored prediction of an early
European peace by a prominent Amer.
lean official abroad
Around the opening the market was
heavy. under the influence of a Lower
Liverpool than due and what mos,
traders called perfect weather over the
cotton country. Early prices were nj
decline Of to points, and the loxa
was widened to to points by the
forecast of fair weather for practicaliy
the entire cotton region.
The large mill takings for the week
10000 bales of American. against
$4,000 bales this week last year
caused considerable comment. but led
to little buying. A somewhat steadie1
feeling was noted in the spot depart
ment. and the market officially war
quoted unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-05-28
Totals. ss5 s74 900 81 SIG. 900 s1o7, 1879 100

Among the largest issues maturing in
June is the s24.S45.000 extended notes CT
the Missouri Pacific railroad On June
Is an issue of s13.973,O 900 convertible de-
bentures of the Delaware and Hudson
railroad becomes due In the industrial
Issues 100000 Sulzberger & Sons de-
bentures must be met June !. Other
maturing issues in large amounts are
$4,000, 900 Cumberland corporation notes,
$3,4S4.000 New Orleans Railway and
Light Company three-year debentures,
and 100000 Grand Rapids railway
first mortgage bonds. W. S. COUSINS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-05-28
Firmness of Tone Toward
Great Britain Influences
Stock Exchange Prices.
SOME OF LEADING ISSUES
SHOW LOSS FOR THE WEEK
General Business News Conservative
in Tone and Banks Report
Loan Expansion.

NEW YORK May 27.-The mphatic
language employed by the State Depart
uaent In its protest over mail seizures to
Great Britain and France afforded an
excuse. il not an actual reason. for the
exchange.
Important rails broke l to 212 points.
var Issues and affiliated shares. includ-
ing motors and metals were lower by 2
10 almost points. with substantial re-
eessions in Mexicans Mercantile Marine,
United Fruit and miscellaneous descrip-
tons.
Reading not only effaced all its 10
the minimum Of l00M showed a net loss
tor that period Of almost points. OF all
the old-time favorites and speculative
leaders: United States Steel was the only ly
issue to maintain some semblance OF
steadiness, yielding only fraction
News Advices Conservative.
General news advices were of a more
conservative tenor. including the reports
Of the mercantile agencies. which indi-
Gated a reaction from the recent high
pressure in many lines of industry. Cables
from neutral sources, reiterating rumors
trade report Of imports and exports con-
stituted the other market factors. Total
sales of stocks amounted to 215.000
shares.
For the sixth successive week the clear
ing house statement disclosed a further
contraction Of reserves. this weeks de-
crease of virtually s12.000.0o0 drawing
the total actual excess reserves down to
about $65 1000. 900. This compares with a
total of .s126.0O0.000 the latter part of
March. $154.000.000 the first week of
the year and $22O,oo0.0o0 the middle of
last September
Large Loan Expansion.
This weeks statement also showed a
loan expansion Of almost $23.0o0.000 and
cash loss of approximately $4,000. 900.
These wide changes reflected recent syn
dictate operations connected with new
financing.
Todays bond market was irregular on
nominal dealings with total sales, par
value. of $1.710.000
The general trend Of government issues
during the week was lower. declines on
call extending from u to y Of one per
cent. but with little actual trading.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-05-28
THOMAS L. HUME, Broker
l4l2 G Street. Tel. M. 1916

and of $500 in the rate of Rio ex.
change on London. Santos was un.
chaneed. Brazilian port receipts,
II 900 bags: Jundiahy 1000 bags.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-05-28

cal conventions, the results OF which are
likely to be more or less accurately fore
Swallowed in the market OF the next
fortnight.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-05-28
WEEKS RANGE OF PRICES.
Corrected to the Close of Business May u, at
the Office of The Evening Star.
Railway and Miscellaneous Shares.


he year19 to
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-05-28
Steel Mill Books Filled
Despite Slump in Orders

NEW YORK. May 27.-Orders for
rolled products taken by the steel mills
since the list of May have fallen off Is
! to 20 per cent. as compared with the
April bookings. but business is still In
excess of mill capacity. In some lines.
notably in wire products the smaller
orders being taken are due more to the
refusal of the mills to accept contracts
because of oversold capacity. rather
than to any important decrease in de-
mand from consumers.
1t is estimated that the United States
Steel Corporations untitled orders this
month will be increased between $780,
900 to 1f5.000 tons as compared with an
average monthly increase of more than
100000 tons since the first of January.
Export Orders Heavy.
Export traffic continued heavy during
the week. and several large contracts
for war munitions are still pending.
Among the large contracts closed were
$4,000 tons bullets for France. 10000
tons of rounds for Italy and another
large contract of rifles for Russia. ia
pan is still in the market for 10000
tons of wire rods Italy wants $4,000
tons of rails and $4,000 tons of blooms
anu TouHuS rance Is Stlli negotiating
for barbed wire and semi-finished steel
to the extent of $4,000 tons. The lower
ocean freight rates and the larger num-
Der of steamships available are stimu-
lating the demand for shipment to
nearly all foreign countries. Japan has
taken several thousand more boxes of
tinplate, Russia has bought 5000 tons
of hematite iron. Italy has taken 5000
tons of Bessemer iron. and South
America. japan and Mediterranean
countries about 5000 tons of special
foundry iron.
Steel for Projectiles.
Domestic manufacturers of projectiles
have exercised options on 10000 tons
of steel rounds and forgings. indicating
that some of the orders for shells for
Great Britain, France and Russia have
been closed. Japan has also taken
about 1000 tons of ship plates for
early 1917 shipment, and is anxiously
seeking 5000 tons additional
Shipyards on the Pacific coast have
placed orders for 10000 tons of marine
plates for shipment over the second
half of 1917 Railroad activity was
principally notable in purchases of mo-
tive power. Domestic roads ordered
eighty-six locomotives, and inquiries
are in the market for 275 more from
the same source. Foreign inquiries
amount to 1000 engines, including 500
for Russia.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-05-28
Industrials Are Backward,

A further halt in prices probably ac-
counted for the relative backwardness of
standard industrials. Diminution of
home demand for fabricated steel and
iron was Offset. however. by further
contracts from the entente. large orders
being placed. according to reports for
England, France and Italy
Coppers and metals in general were re-
strained by sharp drop in the London
market. that center also reporting an
f1llment of China's requirements from
our governments large reserves in Ma
Mia.
Developments of the week abroad in
GLIDING the proposed new British budget
and the decision of that government to
impose an additional tax on foreign
securities bore pertinently upon the
portability of fresh liquidation of
our stocks. French financial interests are
proceeding with plans to mobilize for
eign securities owned in that country
preliminary to a new loan or credit here.
Colds influence Small.
The new inflow of gold from Canada to
this center. approximatine almost 800
100000 to date. has had only slight
effect in steadying the sterling rate.
Francs and lires also shaded to levels
which indicated the advisability Of
further remedial measures
Wall street Is beginning to evince a
lively interest In the forthcoming politi-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-05-28

Figures compiled by Italy show that
the world produced 4.000.000,000 BUSH
els Of wheat last year. an increase OF
fore
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-05-28
Hughes & Dier
Bankers and Brokers.
Hughes & DER Building,
1435 Walnut Street.
Philadelphia
Money to Loan

Secured by First Deed Of Trust Real Estate.
Prevailing interest and commission.
Joseph |. Weller. ga F St. NV.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-05-28

roll call Of prosperity in the coming
months. While the government crop
report for May forecasted 500. 600, 900
oushel crop of winter wheat. compared
with 6s3.00o.000 bushels last year, the
s sincs M ga1a be larger ger than any year
prices this will mean another golden
harvest for the American farmer who
must now be recognised as belonging
to the first class of successful business
men.
In addition to providing for their
current necessities, with a few luxuries
thrown In, the farmers have consider
able supplies of wheat on hand. which
.ney are likely to market at an aver
age price considerably above that
which usually prevails. Many farmers
have paid off all their MORTGAGES and
are otherwise out Of debt. and most of
them. according to reports. are enjoy
ing a luxury which was beyond their
reacn prior to the good times of the
last Few years. 1t will be several weeks
before it will be possible to estimate
the total value of this years crops but
there is reason to believe that the high
SOIL Will more than compensate for any
reduction in the volume of any par
ticular crop.
New Financing Needed.
Despite the varying opinions and
speculat1ons relative to business and
financial conditions after the war in
Europe. there seems to be complete
unanimity on one point. and that is
the extensive development of American
industrial and commercial organiza-
lions in order to meet the haayv de-
mands of the worlds markets. Many
or these organizations have get to test
the possibilities of the channels of
public Investment; and many would fill
larger place in the commercial de-
velopment of the country aud reap
larger profits were they fully alive to
the resources that are awaiting them
on satisfactory conditions. During the
past two months the American invest
ing PUBLIC has been introduced to mill
lions upon millions of dollars worth of
new industrial securities, and the avid
ity with which they have absorbed
them proves. beyond question their
readiness to invest in a sterling prop
osition- Prominent f1nanciers and lead
ers of business say that they can see
the beginning of a new era in these
cooperative Observation-Disclosures tend
encies
Bond and note issues of the leading
railroad and industrial corporations
maturing in June, according to the
usual monthly compilation of the Jour
n na1 OF H., commerce M aggregate ss5.374.-
curities maturing in any month this
year. The previous month the aggre
gate was $71.s16.0OO. whereas a year
ago in June the total was $107,439, 100.
The maturing Indebtedness Of railroad
companies for June represents S67,-
$4,000. leaving a balance of Sl7,912.O0O
for industrial concerns to liquidate.
June Figures Compared.
The maturities for June compare with
similar figures for the preceding month
and for June of last year as follows:
SUMMARY OF MATURITIEs.