davidaulloa/AmericanStories huggingface dataset:
Evening star., 1919-05-11
LIVE STOCK MARKETS.

BALTIMORE. Md, May 10.-All at
tractive fat cattle arriving along the
wharves are meeting with prompt
sale, and the general market is steady.
Quotations today:
Beef cattle-Young. fat steers. In
prime condition, weighing 1000 to
Loo pounds. per pound, 11a12; steers
Weighing under 1000 pounds. per
POUND, 9a10; oxen. per pound, 7a9:
cows. in good order. per pound. 7aS;
cows. poor to medium grades. per
pound. 4a6, fresh cows with calf, per
head 50.0Ga75.00.
Lambs and sheep-Choice fat
sheep. per pound, 10al2; fair to good
sheep. per pound. 7a1O; inferior
rough sheep. per head, 3.00a5.00: old
bucks. as to quality and condition.
per pound. Gas; spring lambs, fat. 40
to As pounds. per pound. 19a20:
spring lambs. poor to fair, per pound.
17a1S.
Calves-Choice handy weight veals.
per pound. 15a; choice heavy fat
veals. per pound. Is; good veals, per
pound. 14a15; heavy, sm6oth, fat
calves, per head. 16.ooa22.O0: heavy
or rough calves, per head. 15.0oa18 90;
small. thin calves, per head. S.00a12.00
live pigs-pigs. as to size and con-
dition. per head. 350a5.o0; shoats, as
to size, per head, 6.O0a9.00.
NEW YORK, May 1O.--Beeves-Re-
ceipts, $50: no trading.
Calves-Receipts. 500. quiet; no
prime offered; veals, 1925.
Sheep and lambs-Receipts, $50,
irregular: sheep. 7.5oa11.75; culls. 500
a7.oo: lambs. 1s.ooa1s.25: culls, 1o.ooa
1900.
Hoss-Recetpts..7.43o.4 4o~tradinE.
Evening star., 1919-05-11
MARKET WATCHES STEEL
BETTER TONE IN COPPER

NEW YORK. May 1o.-Following
the failure of the steel producers to
meet the terms of the representatives
of the railroad administration at the
what are considered by trade au
thorities as essentially open market
conditions prevail at the present time.
Interests here show great enthusiasm
at the outlook since 1t has been OFF,
cially stated that no further price
conferences will be held. The rail-
road administration is ready to open
competitive bids on 100000 tons of
steel rails at once: Opinion here
seems to view as doubtful lowering
costs continue high.
Regarding an upward trend Of prices
there is more divergence Of views.
Buying of iron and steel during
light except for sheets and wire
products. where there is reported to
be fairly-brisk demand. Pig iron
buying is light and limited to I'M
mediate shipment on small lots:
pgei It ise Is that fs ne w
improve from now on. Steel ingot
production for April amounted to
2,239,711 tons, the lowest since jan
uary. 1918. when 2,2os,s45 tons We're
against s.oso,2s2 gross tons in March.
The copper market has shoEn
much stronger tone during the past
few days. One interest in the trade
estimates that during the week just
passed 100000 pounds of the red
metal have been sold.
range Is from 4.85 to 5 cents per
pound, New York. The price of
spelter, East st. Louis, is around 6.95
cents per pound for prompt shipment.
There has been no change in the tin
market here. :
Evening star., 1919-05-11
LATEST WALL STREET NEWS.

per cent stock when the back dividends
are all paid off. and we don't know
when and how this is to be done.
Financial News Bulletin-High-
priced specialties with attractive earn
ing power and a strong financial pO-
sition are going out of the market into
the hands of investors and others who
are willing to bank on the future and
hold for two or three years. There are
increasing signs of growing number
of wealthy people who are seeking pur-
chases of that character, and the sup
ply of such stocks in the oil, shipping,
sugar and food groups is diminishing.
There exists considerable difference
of opinion as to the markets techni-
cal position. Some of the largest
houses are going on record that is now
more vulnerable than for many weeks
and this should inspire ultra-conserva-
tism in making new commitments. In
other responsible channels we find a
feeling that while some of the spec
cialties are probably dangerously ele-
waited, the rails and their affiliated Sc
curities are attractive and safe at
present prices.
A good deal of bullish gossip is de-
veloping in connection with the grange
and hard coal roads as we'll as in re-
gard to the oilers of the southwest.
Northern Pacific, Union Pacific, Read
ing and Lehigh Valley are being
recommended by conservative chan
nels. 1t is stated in specialist circles
that these stocks reflect considerable
shortage and also foreign buying.
Copper trade conditions may improve
with proper settlement of steel affairs,
says a leading institution. Dividends
of more copper companies would be
passed If there were no hopes of bet
terment during the current year. Cop
per metal is extremely cheap in re-
lation to the cost of other commodities.
Childs-Infuential selling In the
stock market was very much in evil
dence late yesterday and in conversa-
tive circles opinion is freely conserva-
many of the industrial shares is like
declining movements. We again advise
caution in following the buying side
Of the industrial stock list.
Whitney-Last January and February
when prices were at bottom was time to
throw discretion to the winds. right
now the best and only advice one
should give after the market has taken
on such rapid strides is prudence. For
the long trend Of the market Is still
upward, but don't climb for these
rapid firing stocks, as a reversal can
easily take place. Therefore It is wise
to let the other fellow buy the indus
trials stocks while you accept profits
and buy once more on good setbacks.
The steel stocks as soon as they get
the desired setback will be included
in the group Of purchases. Railroads,
especially low-priced ones. and copper
stocks should again be purchased on
the setbacks.
Evening star., 1919-05-11

Moler-Many Wall street operators
we're of the opinion after the close vi
the market yesterday that the present
heavy demand for stocks could not go
or without the market developing an
overbought position and reactlng
sharply from it with the occurrence of
something to check the buying and
rrecipitate general proflt-tak1ng
movement.
While there was nothing apparent in
the technical speculative position last
night or in the condition of the local
money market to indicate such an oc-
currence early next week, it would
now merely seem the part or prudence
to realize some profits.
Even though the bull movement IN
many of the industrial stocks, notably
the oils, shipping, leather. food and
other miscellaneous specialties is not
considered to have reached the culm1-
mating stage as yet, it would be well
to be in a position to take advantage
Of such a probable setback coming In
the market now at any time, as with
sentiment so confident. it is usually
the unexpected that happens in the
stock market at such time when there
are practically no bears left. even
among the professional trading ele-
ment.
Logan and-Bryan say: The over
bought condition in the industrial sec
ton is now becoming very apparent
and / see some good selling of stocks
being conducted at this level. ! again
advise the reduction of long lines or
industrials'
E. H. Pulsifer-While continuing to
maintain a bullish position on the
stock market. it is noteworthy that
good many experienced operators are
now putting themselves into state
of preparedness for one to take adVan-
tage of sudden. sharp reaction with
an equally swift recovery. Sentiment Is
bullish on the steel group, snlpplhs
shares and leather securities.
Morse-The market is dangerously
extended in more than one direction.
Selling Saturday in the stocks that
have been leaders was better than the
buying in many cases and the best we
may ask now is a diversion OF interest
from the oil groups, railroads ana IN
dustrials of merit that have not SO
far participated much in the improve
ment.
Very heavy profit taking in the In
dustrials has been attracting much
attention. When the first real selling
comes in to such a market it will GER
tainly make a reaction on the same
grand scale as the speculation that mas
been on the long side. No time Tor any
man to get in with small margins.
Can has been so conspicuously heaVy
that it seems it must be about ready
for one of it's old style moves upward
would take profits in Marines, espe-
cially the preferred: At 120 1t Is not
far from its likely full price for 3
Evening star., 1919-05-11
BRITISH EXPORT RULING
PUTS UP PRICE OF SILVER

NEW YORK, May 10.-Removal by
the British government Of silver ex-
port restrictions resulted in another
sharp advance Of the metal in this
market today. bar silver rising to
$1.11 an ounce against yesterdays
price Of $1.o5A and $1.01h the be-
ginning of the week. when the Fed
eral Reserve Board lifted the ban
against exports from this country.
Metal brokers reported very un-
settled market in London. due mainly
to heavy purchases of silver for In
dia, China and the Scandinavian
countries.
In the orient silver issued mainly
for coinage. but in northern Europe,
where the supply has been: very
small since the outbreak OF the war.
tts chief use Is for commercial pur.
pOH0S,
Evening star., 1919-05-11
DAIRY MARKETS.

NEW YORK, May 0.-Butter-Low-
er; receipts. 14.515 packages. Creamery.
higher than extras, 591aa60: creamery.
extras (92 score). SO: f1rsts. 571sa5S1z !;
packing stock, current make, No. 2.
431sa44.
Eggs-Firm; receipts. 32.1s4 cases.
Fresh gathered extras, 4Sha49; fresh
gathered firsts. northern section. 45ka
Al; do, southern section, 45a46; state,
Pennsylvania and nearby western hem
merry whites. fine to fancy. SO: state,
Pennsylvania and nearby hennery
whites, ordinary to prime. 4Sa52: state.
Pennsylvania and nearby hennery
browns. 46a50; do, gathered browns and
mixed colors, 44a4S.
Cheese - Irregular; receipts, 4,215
boxes. State, whole milk. flats, current
make specials, 32Aa32h: do. average
run. 81,
Evening star., 1919-05-11

demand for notes is reported from
western centers, and demand has i'm
proved in New York banks.
eoually ouiet for the same reason.
Fifteen to sixty day prime trade
acceptances are quoted at and 5H
per cent; sixty to ninety days. and
5h per cent: indorsed trade accept
ances, Az per cent. all maturities.
Business failures for the week were
OK There were 80 last week, 211 In
the like week of 1918, 2S1 in 1917,
347 in 1915 and 344 in 1915.
Evening star., 1919-05-11
BUSINESS. SHOWS
STEADY PROGRESS
Commodity Prices Rated
Strong and Pronounced In
crease in Building Noted.
WEEKS NEWS REASSURlNG
Special Dispatch to The Star.

Special Dispatch to The Star.
. NEW YORK, May 10.-Business
went steadily forward during the
week. Wholesale and jobbing showed
continued expansion. Commodity
Prices generally were strong. and a
pronounced increase in building ac-
tivity was noted. The general news
of the week was reassuring. indicat-
ing further stability and security
of economic conditions favorable to
business development. The slump in
the mercurial speculative markets is
attributed to too hasty advance in
those markets. an advance which had
outstripped the general business con
ditions.
The feature of the week as far as
the big metal industries is concerned.
was the failure of government au
thorities and producers representa-
tives to reach an agreement as to
prices. This indicates the complete
collapse of Secretary Redfeld's plan
to stabilize prices for iron and steel.
and for many other basic commodities
as well.
Evening star., 1919-05-11
NEW CREDIT FOR FRANCE.
Addition of Fifty Million Makes
Total of $2,8O2, Az, 900.

Establishment of new credit OF
$50,000,0OO in favor Of France was
announced yesterday by the Treasury.
This makes Frances total credit from
the United States $2,S02,477, 900, and
credits for all the allies $9,288, 1929, 600.
Evening star., 1919-05-11
Cotton Market Irregular.
Commercial Paper Dull.

The commercial paper market fell
to extreme dullness. which brokers
variously attributed to the small
supply Of paper. to the frm call
money rate, and to the victory loan
campaign. and banks were too much
concerned about that operation and
its outcome to be interested in paper.
The rate continues easy. 1t is quot
ed by some brokers. at 6Aa51a per
cent. though an increasing amount
of paper is moving at S per cent.
There is more paper at that rate now
than there was a week ago. 1t Is
the belief in some quarters that on
Monday a great deal Of paper now
marked 5A and 51s per cent will drop
to S and 5A, as the competition of
the victory loan will be out Of the
way and the banks will know their
position.
Evening star., 1919-05-11
Business Not in Need of Money,

The low rates for commercial paper
now prevailing have not induced any
more borrowing. Business firms do
not seem to be interested In the rate.
They simply do not need the money.
Paper is moving freely; in fact,
brokers cauuot hold 1t long. A big
Evening star., 1919-05-11
Public Utility Situation.

There are 273 cities of more than
$4,000 population in the United States.
and in 1S6 of these cities increased
fares for street car traffic have been
granted. twenty -four have positively
refused to permit an increase and
Shirty-seven applications are being
considered. The zone system has been
Installed in a number of cities, also
the plus l cent for transfers.
\ The street railroads of the country,
Sike other utilities, seem to have been
choked by the demands of labor.
which they have been forced to yield
20. on one side. and the inability on
ehe other, under commission and util-
increased cost. In like manner the
railroads of the country are today in
O sad plight.
It is not pleasant to read that the
BROOKLYN Rapid Transit Company.
New York Railways, Second Avenue
Railway. Manhattan and Queens
County Traction Corporation and
scores of others throughout the coun-
try are in the hands of receivers. nor
1s IL In the slightest satisfactory to
therein.
The st. Louis. Detroit. New Orleans.
Providence. Birmingham, Memphis,
lowell. Mass. Des Moines, Lawrence,
Mass. Fort Wayne. Ind: Binghamton,
~. T.. and Montgomery. Ala. street
railway systems are likewise tied up
sn the hands of receivers, showing that
the advances in street car fares have
not kept step with the increases in
wages and the added cost of every
thing that Is needed in road opera
tton.
1t would also seem to be out of the
question for the appraisements of
1915 to stand as a factor in making
rates at this time. for 1916-19l7 costs
nave been greatly surpassed in the
excessive prices of today.
Hallway Common Dividend.
II is more than possible that the
washington Railway and Electric
Company will pass the regular quar-
terly dividend due June l, ANY
declaration in the face of the strenu-
GUS pleas for relief to the utilities
commission. by representatives Of the
company. would certainly create an
Gnfavorable impression. Such a dis
Vribution would call for an expendi-
ture of $s1.250. if made on the usual
liz of ! per cent basis.
1t is unfortunate for shareholders
" hen dividends have to be passed
II cuts off income that had been
eounted on and frequently creates dis
comfiture on the part of women as
well as men.
1t may be that the directors may
see their way clear to making some
distribution, although even that is
6oubtful.
Action on the Potomac Electric Com
pany's refusal to put into effect lower
4 rates for its current may be expected
hkrom the court before very long. and
Sullno 0tl haVAEaD.4mDosfsnt
Evening star., 1919-05-11
FINANCIAL.

The Home Savings Branches
of the American Security &
Trust Co. are conveniently To-
cated-conserving time for the
neixhborhood business man as
we'll as the householder.
This, in conjunction with our
convenient banking hours at
pay day periods, is ono of the
many features of service ex-
tended our patrons.
Evening star., 1919-05-11
MONEY IN CIRCULATION IS
NOW AT HIGH RECORD MARK
Busy Stock Market and Big Victory, Note
; Campaign Financed With Ease-Lib-
erty Bonds Functioning as Cash.
Wild Speculation in Stocks.

effect on the affairs of the Washing.
ton Railway and Electric Company.
Evening star., 1919-05-11
Textiles Active and Strong.

In the main textile markets have
been active and strong. Some of the
larger buyers are still holding off
because OF the advance. being espe-
cially cautious about far-disrcnt com
| mitments. but smaller jobbers still
are buying freely of many lines. The
great number of small orders for i'm
mediate delivery. and their diversified
character are regarded as Indicating a
great need Of all kinds of goods in
| retali circles. Large orders also have
oeen falrly numerous. and some mills
are said to have sold their output for
the next five months
The green coffee market has been
featured by large dealings in mild
grades at advancing prices. Brazilian
grades were fairly active early in the
week, but subsequently became o,,iet
However. prices have generally re-
NAMED firm. in spite of the fact that
futures broke sharply after reaching
new high levels early in the week.
Raw sugar purchases included AS
600 bags Cubas and about 1890 tons
porto Ricos, st. Croix and Venezuelas
ne 'uoan crop movement showed
substantial enlargement, and clear
ances for both the United States and
Europe were much heavier, the total
oeing 1896 tons. the largest on rec
ORD Export inquiries are still numer-
Gus, but refiners are not accepting or
"'' i'eeiN, as tney Will De required
to ship 100000 tons to the royal com
mission every month, beginning MAY
10. In addition they will refine So, 900
tons OF raws to be turned over nv
the commission.
Jump in Shoe Prices.
AS result of advances in the
wholesale prices of shoes-announced
by manufacturers the public will have
&c tc pay from 80 cents to 81 more for
IT'S next fall and winter footwear
WITHIN the last few days the larger
manufacturers have issued new lists
becoming effective Immediately. which
advanced prices on practically all
grades OF shoes from 25 to so cents
a pair.
The so-called luxury trades .auto.
moplles and accessories and jewelry-
snow no dininution of buying and. in
deed. the former lines are reported SUI
Iering more from retarded deliveries
than from any other troubles. Other
ilnes that seem to have been favorabIy
Influenced of late are carpets. rugs and
furniture, which are reported selling
well. with nearly two years of restrict
ed buying seeking expression and fac
tories well provided with orders.
Corn market conditions have been so
peculiar, with so many complications.
1t was small wonder that excitement
and confusion prevailed throughout the
week. AS matter of fact the position
ls SO abnormal as to create innumer-
able violent changes that were often
fictitious and devoid Of Significance. In
the judgement of conservative dealers
this was particularly true Of the 10
Evening star., 1919-05-11
No Radical Change Noted.

Late ir the week there was no radi-
cal change In the general situation.
Inere was the same remarkable un-
settlement, prices still advancing and
receding In striking way. Frequently
there was conspicuous weakness with
bears
Aggressive selling was accelerated
by the exceedingly favorable report on
the wheat crop and also by the report
of large importations from Canada. De-
spite this shorts soon attempted to
cover and, finding offerings small, part
Of the decline was recovered. Buying
was stimulated by insignificant pri-
mary receipts and sharp advance in
cash markets.
Great confusion and hesitancy have
obtained in the wheat trade Existing
conditions have been so conflicting and
abnormal as to create extraordinary
nervousness and unsettlement among
dealers generally. So much bewilder-
ment has prevailed that virtually all
concerned have considered it danger
GUS to attempt to do noteworthy busi-
ing developments.
Because of the limited receipts and
the huge exports there was another
enormous reduction in the visible
supply 900 bushels - leaving
only 49,5ea,eoO bushels. At this rate
most no visible supply by the time
new wheat begins to arrive freely.
There also Is another important
feature to be considered at this juno
ture. namely. the nearness of the new
crop. This is particularly important
in view of the fact that the yield
will be by. far the biggest on record.
Cotton Market Irregular.
The cotton market was irregular
and unsettled throughout the week.
with mixed trading. due to the con-
fiicting factors which developed.
causing a confusion of ideas on the
markets Immediate tendency among
the trading element. There was a
sharp decline after the resumption
of business on Wednesday. followiT <
Tuesdays holiday. from the develop
ment of unexpected weakness on the
Liverpool market causing the spread
Of considerable liquidation by local.
Wall street and New Orleans traders.
This continued until Thursday after
noon and resulted In sending prices
off seventy points for May contracts
from the closing prices of last Sat
urday to fifty for July and forty to
thirty for the new crop months from
October to January: inclusive.
Evening star., 1919-05-11
Untitled Steel Tonnage.

Late Saturday afternoon the steel
corporation reported a decrease of
10000 tons in the untitled orders on
it's books as of May /.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-04-11
ReDLacen,ents

MAJOR baseball just beginning
AA league play had something Of value to the
There has been slump minor league INDUSTRY for three
the who looked the veldt
s"arming back where they left Off
For
twenty two have been baseball the y If this
for
only short distance to travel as stars
QEPLACENENTS wiH be rcpamcns
~ although
should +. has
fourshcd-pdrty because baseball
seemed bring breath from home
England and Golf
LNNGI,AND has of
IL veterans cftVarlon. Ray. Braid, Tayor-hc
But she has hardly
S,cc-thc bulk of her athletes taking aviation
o n rtwhn
form is nodded built 1t will
the colony for
golf her older menwh her four between
forty eight.
AND BY 1920 the
~ have passed since Britain pc" ont oa title making
greatness
Dcchanty.
that lived Rha includes Dechanty
and ready for international fireworks There
to
this opinion
margin, another slight
At least furry fyweght will be needed settle
debate.
r. BGowdy Alexander both The highest
II. ball player Eddie Grant captain of infantry.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-04-11
THREE PENN CREWS
HAVE SHORT DRILL
Quakers Row on Severn River
Soon After Reaching
Annapolis
VII PRACTICE T0nhY
PRACTICE
TODAY
WILL

Annapolis, Nd. April II. - Coach
Wright and the University of Penn
sylvania oarsmen. who will race against
the midshipmen on Saturday. reached
Annanolis little after o clock ycster :
day afternoon. and all three crews were
on the water for brief period.
The intense rivalry between the Navy
and Penn crews is easily discernible.
Last year the main crews split even on
the two races. and Wright has cx-
pressed his belief that this year his
crews will sweep the river.
Conditions were perfect yesterday, but
rain is threatened. Both Coaches Glen .
don and Wright were wishing for it to
come so that it might clear up by Sat
urday. The races will start about 4
o'clock Saturday afternoon. the fresh :
men race first and the varsity last. the
starts being about twenty minutes
apart.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-04-11
BIG LEAGUE SCOUTS
NOW ACTIVE COMBMG
SOUTH FOR RECRUITS
Crop Unusually Large and Thousands OF Soldiers Nit
Loads of Experience Training Hard in Hopes
Z OF Being Discouered by SleuthS
by ROBERT W. MAXWELL
sports Editor Evening Public LedGer

Chariot y. c. April II.
the fol cIco
individuals buSiy
fitting o this looking tn" but
performing under the big The
baseball training faithfully all the South
hoping be discovered
the youthful phcnoms had chance
In closely
promising il this Instead of
looking the talent other big
and grabbing hcy looking kid who
has
likely looking player breaking tn" fences in som"
the high school, lc
gyen up andd indeed
the player limit bcfor" May l and some
Of Yankees. Braves Detroit
players who will be turned loose aud it is
wise all of the line the
asked the be claimed or deals
putt through add the payroll.
charlotte. h-
Il in the PhHS
toOmJScn Snpcrfa0Hs
1Ienf