davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-05-12
NEW YORK BANK STATEMENT.

NEW YORK. May 1.-THE actual
condition Of clearing house banks and
trust companies for the week shows
that they hold O2,s07.73O reserve in
excess of legal requirements. This is
an increase of s65,60s.150 from last
week
The statement follows:
Actual condition
,na Leans s,;e4aPss etc. '4'ss7sl ooo
Cash In own vaults: Members fed
eral reserve banks (a), sos, O41 900: in
crease. $2.475. 900.
Reserve in federal reserve bank Of
member banks, $562.112,ooo; increase.
Reserve in own vaults. state banks
and trust companies CO., $17,546, 600
increase, 100000.
Reserve in depositaries. state bank.
crease. $4,000.
met demand deposits, $3.843,47s, 900;
decrease. sl44.313.OoO.
Net time deposits. s177.o5s. 900: de-
Circulation. saese1 900; increase
$34O.OO0.
Specie included in (a) and tb). ST.
$4,000.
l: S: deposits deducted, s524.s7!, 900.
Aggregate reserve. S5S7.549.o00; ex.
cess reserve. $1o2.so7.73o; increase
fS5.6os.150.
Summary of state banks and trus,
companies IN Greater New York, not
Included in clearing house statement:
Loans. discounts. etc. STA, FOG, 800; in.
crease. S2,51S,500.
Specie. s13.3Ss. 900: decrease. s74s,4oo
Legal tenders, $S5.946.s00; decrease
100000.
Total deposits. $500, sss,1oo; decrease
S2.373.10o.
Banks. cash in vault, $14,420.2O0.
Trust companies. cash in vault, 1914 :,
si4.7O0.
NEW YORK. May 11.-Mercantile pa
per. four months. 6 per cent; 81,
months. s per cent Sterling-Sixty
day bills. 4.72Z; commercial sixty-da,
bills on banks. 4.72: commercial sixty
day bills. 4.71A: demand, 4.75k; cables
4,76 1-l6. Francs-Demand. 5.71X; ca
bies. 5.69A. Guilders-Demand, 4sA
cables. 48k. Lire-Demand. 9.04h; ca
bies. 9.o3. Rubles-Demand. 15h ca
bles. IA, nominal Bar silver. 1914
Mexican dollars. II. Government bonds
heavy; railroad bonds. steady.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-05-12
LIVE STOCK MARKETS.

CHICAGO. May 11.-Hogs-Receipts
$4,000 head; weak. Bulk, 17.5oa17.s0
light. 17.35a17.s5; mixed. 17.2ba17 go:
heavy. 16..40a17.S0; rough. 16.4oa16.75;
pigs, 14.25a17.30.
Cattle-Receipts. 1000 head: steady.
Native steers. 1000a17.50: stockers and
feeders, S.90a12.75: cows and heifers,
6SOal4.lO; calves. s.00al4.00.
Sheep-Receipts, 1000 head; steady.
Sheep, IL. 50a16.60 lambs. 15.50a2e.s0.
NEW YORK. May 11.-Beeves-Re-
ceipts, $50 head: no trading.
Calves-Receipts. 954 head; easy.
Veals. ll.50a15.25: culls. 10.00a11.00.
Sheep and Lambs-Receipts. 1890
head: steady. Clipped sheep. 1925:
clipped lambs. 1900; wool lambs. COCOA
2150; Pennsylvania springers. 23.o0.
Hogs-Receipts. 1900 head; weak 1t
1875: roughs, 1915.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-05-12
Will Forward Mail to Soldier.

Announcement has been made by the
Post ONCE Department that registered
mail from Canada to persons in this coun-
try connected with military organisations.
arriving after the departure Of the ad-
dressee. will be forwarded upon the re-
ceipt Of 70 cents In stamps The article
will be dispatched as ordinary mail II the
stamps are not obtained.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-05-12
many SPECIAL ISSUES
REACH YEARS RECORD
Wave of Bullish Enthusiasm Makes
Last Week One Of Busiest on
Stock Market.

The stock market ended an extreme
ly busy week as 1t began, on wave
of bullfsh enthusiasm which carried
numerous special issues to highest
levels of the year.
There were some offsetting features,
such as the relative heaviness Of rails
and coppers, but these were more than
overbalanced by the strength in all
other quarters of the list.
United States Steel was again in the
forefront. advancing from its low of
a07M to 10sx, within a small fraction
Of its current maximum, closing vir-
$ually at its best.
: Oils, sugars, tobaccos and shippings.
the latter represented by Marine pre-
ferred were the other copspicuously
strong features. retaining the better
part of their gains Of l X to points
.Distillers' Securities was second In
nctivity to steel at an extreme advance
'of points.
The new liberty AZ per cent bonds
continued to fall, declining from Fri
days low of $40 to 1920. OF the
older liberay issues. the first As equaled
1.-THE years low at 1854, the second As
also showing heaviness. Total bond
sales (par value) aggregated S3.750,O00
An actual loan increase of about
SOS 100000 and an expansion of more
than s65 200, 900 in excess reserves were
the noteworthy features of the weekly
bank statement.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-05-12
DRY GOODS MARKET.

NEW YORK. May 1l-Yarns here to-
day ruled steady. Burlaps were quiet
Linens were firm. with trading light.
Ribbons advanced 10 per cent. Mills
began to do business on print cloths Al
prices nearer the low levels reached In
secondhand trading.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-05-12
BANKS RESOURCES GAIN.
Twelve Federal Reserves' Show
Weeks Increase.

Resources of the twelve federal re-
serve banks increased 4.472. 900 dur
ing last week. and gold reserves in
creased $23.159.000. the reserve boards
weekly financial statement showed last
night.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-05-12
NEW YORK PRODUCE.

NEW YORK. May 11.-Corn-Spot
steady; kiln dried No. 3 yellow. 1.6o. and
No. 1 yellow. 1.5o. cost and freight New
York. Oats-Spot weak: natural, So
ass. Lard-Weak: middle west. 25.<6
a25.50. Evaporated apples-Quiet.
Prunes-Firm. Apricots and Peaches
Quiet Raisins-Firm. Other articles
unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-05-12
To Supply Timber for Airplanes.

In order to supply timber for use in
the construction Of airplanes for the
United States, the President has with
drawn from settlement, sale or entry a
tract Of land. 312 square miles in area. ex-
tending ten miles back from the tide line
around Lituya bay In Alaska.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-05-12
Explanation Sought.

How are we to explain a fortnight's
10 to 20 point break on the one accession
and on the other rise in a long list Of
stocks of to IL per cent above last
weeks closing level and of to 20 pei
cent above the low prices of 1918
reached as a rule in January? To ex'
plain the contrast, one must look away
from Wall street.
What was the actual situation at tn.
end Of last October? Cadorna's arm.
were invading Italy. A few weeks be-
fore. the bolshevik cabal had seizet
control of Russia. with results which
were even then apparent. Signs 'wert
multiplying that the railways were
getting into a hopeless traffic condition
with no one able to say what action the
government would take. The shortnes,
of the American wheat crop was known
1t had just become clear how heavy {
hand Congress would lay in it's income
and excess-prof1ts taxes; no one coulC
guess how they would be financed. Or
top of all, 1t was known that the banks
had taken three to four hundreds OF
millions Of the war bonds on their owr
account, and that the money market
would be proportionately handicapped
: The Present Situation.
To what extent the apprehension
aroused by these enthusiastically the
every one knows There was reason
for misgiving; the November stock
market was a true prophet. What
then. of the present situation? The
war situation. after six weeks Of great
anxiety. seems at last to be turning
many is pinned to her positions, has
failed completely in her latest western
drive. and the market, which refused
to lapse into alarm in the days of Hin
is possibly shaping it's present course
in line with the visibiy bridghter pros
poets.
Austria, too, seems now to be blocked
on the italian front, and II Germany
has seized Russia she is now learning
and that she cannot get the wheat for
which she broke her treaty. The rail.
roads have gone into government con-
troll, but under auspices and conditions
unexpectedly fair.
The heavy tax payments are nearer
now than they were in October; but
at least they have been provided for
The third war loan has been closed
with the great bulk of the subscription
taken by individual applicants. notably
in the west. and with the banks en-
gagged on their own account far less
deeply than in the second loan. On tor
of all, the winter wheat. for which the
season was opening most discourag.
ingly last autumn, is pushing to har.
vest under absolutely ideal weather
conditions. and with the possibility OF
another billion-bushel total wheat
crop.
The contrast is sufficiently convincing
Whether it means continuance Of this
weeks rapid advance in prices on the
stock exchange is another matter. RED.
uisitions on the money market viii
be very great in the next six weeks
A bumper crop will Itself draw heavily
on such facilities, and the drain of 8
speculative rise in stocks is tradition
ally great. But the stock market, aft
err all, habitually reflects cheerful de.
velopments in the general situation ir
advance of their occurrence. The situa.
ton itself will usually go on brighten
ing after the rise in stocks has ceased
Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-05-12
Weekly Financial Review.

With little interruption. despite in
cessant selling for profits, and on a
steadily increasing volume OF opera
tions, this weeks stock market regis
tered many high records for the year.
while here and there actual new maxi
NUNS were established.
Better war news. the vote of con-
fdence extended to the British minis
try. exceptional crop prospects and the
encouraging Industrial outlook were
) among the factors which contributed
in large measure to the substantial
upswing.
These developments were reinforced
by technical conditions. most of which
favored forward movement. The sue
cess of the liberty loan, which exceed
ed the most sanSuine expectations in
its broad distribution, made available
an enormous amount of capital previ-
ously held in reserve. With the steel
industry getting into it's war stride.
Sthe dominance of that group was re-
garded as a matter of course.
United States Steel furnished not
fewer than 100000 shares to the
weeks total Of about $500. 900, making
m extreme gain of 12 points.
Heaviness of liberty bonds including
the Ans at discount of lab per cent
was without appreciate effect in the
Investment market. Italian rates at the
new low of 9.04k and the strength OF
Swiss remittances were the confusing
developments in the foreign exchange
market.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-05-12
| Will Sell

$1,000 Potomac Consld. SO ut %.
IS, 900 Am. Graphophone so At 81.
81 600 Wash. Gas SO at 81.
s Capital Traction Mt SO.
25 Wash. Rwy. & Elec. com. ut So.
as Wash. Rwy. & Elec. pfd. Mt 6S.
100 Wash.-Va. Rwy. COM.
100 Wash.-va. RWy. pfd.
800 Warrington Utilities at 10.
IL Washington Gas at J0h.
/ Mergenthaler Mt 11Oh.
20 Lanston at 81.
20 Munsey Trust Co. Ibid wantedD.
80 Continental Trust Co. ut 11S1s.
8 Riggs Nat. Bank at 462h.
10 FRANKLIN Nat. Bank at 18TH.
50 Exchange Blk. of Wash.
100 Central Savings Bank.
40 Northwest Savings Bank ut 1854.
1000 Miller Train Control.
100 American Paper Can (bid wanted).
50 Buell. Signal Il Train ut IN.
900 Pioche Mines Co. ut 90.
500 Celestine OIL Co.
80 National Union Inns. ut q.
1 Golden Il Co. at 60.
100 Safety First Appliance Ibid wtd.).
Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-05-12

The Pennsylvania railroad now has
in its service more than $500 women.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-05-12

Your liberty bond is lonesome with.
out your income tax receipt
Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-05-12
WEEKS RANGE OF PRICES ON new YORK STOCK MARKET
Railway and Miscellaneous Shares.

and M
Eg GtwekT each
d
Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-05-12
Wall Streets Precedent.

For such an expectation, Wall street
had the precedent of the market i'm
mediately following the subscription
to the second war loan. The lists clos
ed on October 81; in the following
ton broke out in both stock and bond
markets. With trading nearly twice
as large as the week before, prices of
active stocks fell to II points. the
Steel shares leading, with decline of
liz The downward movement was
repeated in the ensuing week; it led
the way to the highly demoralized
market of December. Why did not this
weeks market do the same? How far
it failed to do SO the following table
shows. comparing yesterdays high
prices with last weeks closing and
with the low prices of the year. mostly
reached in January:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-05-12
WAR LOANS SEQUEL
AS seen I'm STREET"
Last November's Break and Last
Weeks Advance and What
They Reflect.

Special Dispatch to The Star.
NEW YORK, May 1.-The remarka-
BILE advance on the stock exchange
this week has attracted unusually
wide attention. For the interest taken
in the movement, both in and out OF
Wall street, there were some special
reasons. To begin with, no one had
been at all sure what would happen
on the stock exchange when the sub
scription lists to the liberty loan should
close.
The war situation of itself was an
uncertain enough consideration. but 1t
was only one. An immense part OF the
country's available capital was about
to be "ear-marked," SO to speak,
against the three to four billion dol
lars payable on the war loan. Before
these huge payments could have been
completed the income and excess
profits tax payments would fall due
in June, and they would call for at
least another S3.O00,OO0,000 slice of
capital With the money market thus
apparently tied hand and foot. there
was ground for predicting a fall In
stocks.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-05-12
| Will Buy

2 Capital Traction at ssh.
Is Wash. RWy. & Elec. pfd. ut g..
20 Washington Gas at 5SN.
/ 100 Celestine Oil.
1000 Miller Train Control.
Exclusive of commissions. Subject to
previous acceptance or cancellation.
Bonds plus accrued interest. All exc
cutions for cash. Deliveries for cash
Mt your own bank.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-05-12
In the Matter of Overdrafts.

An exceedingly interesting debate oc-
Cured in the Senate last Wednesday
on the introduction of Senate bill 1895,
sponsored by the controller Of the cur
rency. An amendment placing the re-
sponsibility for losses by a bank as a
result of overdrafts on the officials
granting 1t. or on the teller paying the
check without sufficient funds back of
it, was offered.
It was provided in the original bill
that: THE officers of national banking
associations shall present in writing
at each meeting of the board of direc-
tors list of overdrafts made or al
lowed since the last meeting OF the
board, which list shall be noted on the
minutes of the meeting and filed as a
record of the association"
Senator Smoot led the debate. and. be-
ing overdrafts. even citing cases where
length how overdrafts occurred. how
they were part and parcel of the bank
ing business and liable to occur fire.
quently without loss or chance of loss
He explained the difficulty in avoid
ing overdrafts even citing cases where
damage suits have been prevented by
payment of overdrafts.
There Is always the possibility of
error in keeping balances, even though
rare. for the average methods Of a
bank are vastly superior to private &C
counting, ana an OVerQraft turned
down might lead to a suit for damages
as a result of credit questioned.
Senator Gallinger became quite in
terested and suggested that the pro-
posed legislation seemed to be "a d.
rect invitation of people to make
overdrafts."
Senators Fall, Kenyon, Townsend and
Page continued debate, replied to by
Senator Shafroth, on the amended bill
placing responsibility on officers and
tellers, and just before the vote Senator
Smoet went on record as believing
that the Senate Is convinced that such
legislation Is uncalled for" And the
bill was defeated.
Reference was also made to the large
number Of financial bills on the calen-
dar.
The senators appeared to maintain
the contention that national banks
should not be amenable to state laws.
Canot Regulate Charges.
The ruling of the Attorney General to
the effect that the federal reserve law
can exercise no restrictions as to COL
lections of state banks or otherwise.
unless voluntarily agreed to. prevents
the Federal Reserve Board from regu-
lating exchange charges, but the priv
Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-05-12
Local Banking Rumors.

For the last ninety days the city has
been hearing reports of new banking
propositions, big new buildings plan
ned with a bank on the main moor,
with a modicum of truth and bunch
of possibilities in the rumors.
From the many rumors one fact
stands out plainly and is individually
supported by evidence; namely. that an
application for a charter for the Lib
erty National Bank was filed with the
controller of the currency. and that
A. G. Chaplain was one OF the leading
incorporators.
1t is also authoritatively stated that
it will be necessary for the incorpora-
tors to select some other name. which
would lead to the belief that the LIB
erty Savings Bank had maintained its
right to the name, Liberty"
Just where the new national bank
will be located is as much a mystery as
other facts connected Herewith.
Rumors have also included a new
building to be erected at 18th and I
streets northwest and a building ad-
joining the Federal National Bank on
the south and east.
Today a fresh rumor was placed in
anty Trust Company of New York
would be the occupant Of the banking
floor of the 18th and street structure
and that it would also own the build
ing.
If there is any foundation of fact for
this story, the question of the con-
struction of the building or Of getting
material and labor will not deter erec-
ton. 1t is said that the Guaranty
Trust Company desires to be represent
ed in the National Capital.
The daily banner. (Cambridge, Md.) 1897-2008, 1918-05-15
The Old Lady Talks
On Little Willie

(By Edith Barnard Delano, of The
Vigilantes.)
The Old Lady had been to town
why, Mother, you're later than US
ual," said her daughter-in-law. 81
was getting worried"
The Old Lady laughed. Eyes,
know. That's what brought me home
my knowing how my children
think I'm not old enough to be out
alone. But Mary, l stopped to lis
Bonds and Savings Stamps-and
lands, I could be there yet. Mary
there was one boy there-white OF
face he was, and his cheek was twit-
ching like my Johns used to when
something was worrying him. L got
a brother over there said he, as
was blown to pieces day before yes
terday. And, say, can't wait to
get there! Gee, but 1 want to get
there quick! You know we just got
ia get Willie!'
And, Mary" said the Old Lady,
cit come over me then and there
what that boy said is true for every
man and woman in this country! We
just got to get Willie! Whether we
get him by buying bonds or planting
potaters or by flying or shooting or
knitting, we got to get Willie! It's
personal matter now with every
living soul of US; and I've always
noticed that when fights a person
al one, there's likely to be more
black eyes handed around than when
the fights just just an Irish
mans fight, fought for the sake O
fighting. Time was, in this country,
when the fight over there was no
more'n any other great big disaster
that makes everybody shake their
heads and say amt it awful and why
The daily banner. (Cambridge, Md.) 1897-2008, 1918-05-15
What London Spends on Meat

All classes are put on dead level
by the British Food Controller, whose
weekly ration card allows the pur-
chase of only fifteen ounces of but
cher's meat. 1t will be ten ounces
next month. Nobody, whether dray-
man, duke, or dairyman, can get a
whit more LAS far as feeding goes
I'm for France declared Tommy
home on leave.
But all grades of society are ac-
cepting the drastic regulations with
out a whimper. Says leading jour-
nal of fashion, Really, you know,
the Rhondda one-and-threepence
worth a week-(thirty cents)-is
hardly what you'd call slap up
feed, is it,"
However, 'slong as it'll help to
win the war, what does anything
matter; and 'cording to the s'tistics,
we've positively never been so heal
thy. Doctors are gettin' simply fed
up with no one having indigestion
any more, while even the vets. are
feelin' the draught since they did the
poor darling dogs out of their little
bit of steak, and humans now con-
sumo even the horsef1esh.'
The daily banner. (Cambridge, Md.) 1897-2008, 1918-05-15
GERALDINE FARRAR
IS GUEST AT MEADE
Negro Troops Sing Weird Melodies
In Glare of Hugh BoniireS, While
$4,000 Look On.

Camp Meade, Md, May IL The
Seventy-ninth Division-the "Llber-
ty Boys''-sat around two furious
bonfires last night and sang, whis-
tied shouted and smoked. Some
restless spirits, who had no place on
the program, danced weird dances
before the fires and left behind an
impression which many will remem-
Der long after they have forgotten all
about the formal wrestling and box
ing. Another soldier with his sig
nal flags stood before the fire and
wig-wagged Victory" That was
not on the program, either.
The fires threw a bright red glow
upon every cheek, and there were no
less than 10000 persons there with
cheeks to be Illuminated and with
eyes to sparkle. A dozen bands
played "The Star-Spangled Banner"
and the thousands of soldiers and the
hundreds of visitors sang. 1t was
not on the program for them to sing,
but they just went ahead with
determination and without any
hesitation even when gentle shower
fell upon the throngs. There amid
the throng was no less a singer than
Geraldine Farrar, who was the Spe-
cial guest of the Three Hundred and
Tenth Field Artillery, the Maryland
county unit.
A battery of acytelene lights help
ed the boxers and wrestlers to see
one another and helped in way for
the crowds stretched back for hun
dreds of yards or more to glimpse
the pink backs of the contestants.
Out of the dense blackness came
the voice of thousands Of negro sol
diers, who started off without the
music. They began with some Eth
opian piece that no one of another
race could dare initiate. A thunder
of applause came from the darkness
and the negroes sang some more.
Heavy, low clouds made it black
night One of the most striking eff
fects was that of hundreds of men
lighting matches for their cigarettes.
The flashes on the distant rims of
the natural amphitheater seemed
like the work of lightning bugs. The
pleasing smell of wet pine burning
filed the air.
As for music, a dozen industrious
bands gave plenty of it. Kenneth
Clark, the camp song director, loom
ed up out of the darkness standing
on the back seat of an automobile
that moved from one regiment to an
other while spotlight kept him in
view. He would start up one crowd
and then hurry off to get another
crowd going. The light would lose
him and he would seem to disappear
but when the glare was focused on
him again he would apparently
spring into life again After the
bOnfires died down the regiments
marched off to quarters and then the
officers of every unit held dance.
There were dances in a dozen of the
Y. NJ. C. A. buildings and merriment
and gaiety throughout the whole
camp: The rain when it fell came SO
gently that no one seemed to notice
10 Odsenfs gave u ID rainceats to
their lady guests AMI nobody suffer
ed from the showers A hundred or
more automobiles carried the guests
from the bonfires to the dances. The
division staff officers had their dance
in the big auditorium and had many
prominent guests from Baltimore
and Washington