davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06
CORN PRICES THIS WEEK
AIMED AT THE ZENITH

CHICAGO, July 5.-Corn prices have
aimed at the zenith this week, in
fluenced largely by the fact that the
value of hogs rose again and again
above all previous records. Compared
with a week ago corn quotations to-
day are 81 to 9H up. oats have gain
ed u toa2h and provisions. 80 to 80.
Although the effect Of the signing of
the peace treaty seemed at first to
have been fully discounted by the
corn trade, it soon became evident
that one Of the most vital aspects
was still to be dealt With. Indications
that export business in provisions
would be enlarged we're quickly re-
fiected by urgent demand for hogs. a
demand which In turn lifted sharply
the cost OF corn. Besides. rainless hot
weather was a source Of anxiety.
while at the same time, broadening
out Of European demand seemed to
have virtually put out of question any
likelihood Of big shipments OF corn
to the United States from Argentina.
Feverish buying of corn here was the
result until holidays forced a stop.
An unlocked for increase of the Wis
ible supply prevented oats from SYM
pathizing more with the advance of
corn.
Jumps in provisions were in re-
Spouse to the export outlook and to
the record-smashing behavior of the
log market
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06
NEW YORK BANK STATEMENT.

NEW YORK, July 5.-The following
is the report of the actual condition
Of the national banks for the week
ending today:
Loans, discounts. etc. s5.011. 433. 900;
increase. 500. $4,000
Cash in own vaults: Members fed
eral reserve banks. $92,972.00O; de-
crease, $4,000.
Reserve in federal reserve bank of
member banks, $518, 760, 900; decrease,
$54,436.000.
Reserve in own vaults: State banks
and trust companies. $12,117, 900; in
crease. $25S,O00
Reserve in depositaries: State
banks and trust companies. $11,473,-
900; decrease. $4S4.00o.
Net demand deposits, $4042535,OOO;
increase, s23, 464, 900. United States
deposits deducted. $25s,09s,ooo.
Time deposits. s169.665.OOO; in
crease, $12,565.O00.
Circulation. s37,s76.ooo: decrease
$4,000.
Aggregate reserve, $542,35e,0oo.
Excess reserve, $6.433.7O0: decrease
S.. 643,4 So.
Summary of state banks and trust
companies in Greater New York not
included in clearing house statement:
Loans. discounts, etc. $S11,22O,4O0;
increase, se.3Ss,100.
Gold, $S.47S.700; decrease, 1926, 900.
Currency and bank notes, $17,1S9.-
500: increase. $563,400.
Deposits with federal reserve bank,
New York. $70.224.700; increase. $177.-
200.
Total deposits. $s5s.745, 500; in
crease, S13,s61,0
Banks cash in vault. $21.s1e.2oo.
Trust companies cash in vault, s74,-
073.s00.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06
LIVE STOCK MARKET.

BALTIMORE, July 5.-Live cattle
receipts are running light and prices
today at Light street wharf ranged
as follows:
Beef cattle-Youpg fat steers, in
prime condition. weighing 1000 to
100 pounds, per ID. 11a12; steers
weighing under 1000 pounds. per h..
7a9; large young cows. in good order.
per h.. 7aS; cows. poor to medium
grades. per h.. 4a6; fresh cows. with
calves. per head. $50 to SIS.
Lambs and sheep-Choice fat sheep,
per h.. 7aS: fair to good sheep. per
H.. SAT: inferior rough sheep. per
head, 3a5: old bucks, as to quality
and condition. per h.. CAT: spring
lambs. fat, per h., 16a17: spring
lambs. poor to fair. per h.. Halls
Calves-Choice handy weight veals
18a1sh; good veals. per h.. 17ha1S:
heavy. smooth. fat calves. per head,
$25 to $50; heavy or rough calves,
per head $50 to $25; small thin calves,
per head, $40 to SIS.
Live pigs-As to size and condition,
apiece. $3.50 to IS; shoats. as to size,
apiece. Sc to 50.
NEW YORK. July 5.-Beeves-Re-
9.25: fair to choice cows, 800a125O.
Calves-Receipts. $50 head: steady;
common to prime veals, 1S.0Oa22. 90 ;
cuIls, 14.00a17.00.
Sheep and lambs-Receipts, $500
head: weak: sheep, 800: culIs, 500:
lambs. 17.0oa1s.25; Virginia lambs,
Hogs-Receipts. 1870 head; steady
at 22.25; roughs, 1925.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06
RELAXED MONEY RATES
STRENGTHENING FACTOR

NEW YORK. July 5.-Trading in
stocks this week was limited to four
full sessions. but in that compare
lively short time the market evinced
further activity and strength after a
temporary setback. caused by higher
rates for call money.
With the advent Of the new fiscal
wear effecting the release Of large
sums of interest and dividend funds
money rates relaxed and the market
rebounded vigorously. many new high
levels for the year or longer period
being made.
Strength was most pronounced in
the various groups OF peace indus
trials, those being again taken up by
largely as a result of better trade
conditions.
Authoritative advices from leading
centers indicated further increase of
production of steel and iron and
Che coming weeks tonnage state
ment of the United States Steel Cor
poration is likely to emphasize this
Improvement.
Shares of the many commodities
which are likely to derive greater
benefits from the reopening of world
trade were conspicuous in the weeks
wider operations but rails were again
handicapped by delay in the promo
ton of constructive legislation at
Washington.
to South America and Europe. chiefly
Spain, and weakness of exchange
rates on London exerted no adverse
influence on securities but pointed to
the need Of remedial measures by in
ternational bankers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06
OUTLOOK CHEERS
BUSINESS WORLD
Drift of Financial Tides
Strongly Toward Wide
Prosperity Is Claim.
REVIEW OF WEEKS TRADE

Special Dispatch TO The Star.
NEW YORK, July 1.-The drift OF
the business and financial tides is still
strongly toward the shore of nation
wide prosperity. The undertow Of
hesitation becomes constantly less
gripping Almost everywhere a dis
position to take a cheerful view of
the future. despite admitted uncer-
tainties in the international situation,
is in evidence.
In many lines of business the only
limitation on the volume of trade is
that imposed by shortages of goods
In most other lines a rising tendency
is to be observed. And there is eX-
American business activity, now
slantinG upward, will rise at an acute
angle to a point Indicating new rec
ord volume when the European de-
mand for our products needed for re-
construction begins to develop. The
only thing that is holding back that
demand is lack of the credits, which
are even now under discussion by the
country's leading bankers. It is sig
nifcant that one contract calling for
"A minimum expenditure of 500, 0Oo. 600
for reconstruction work in one of the
devastated areas of France has al
ready been signed by American in
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06

showing a disposition 20 operate eau
tiously, although they are placing
orders in good volume.
Owing to the changed labor condi-
tions, manufacturers are demanding
and getting Six weeks time from the
booking of the order to the delivery
of the merchandise. From early or
ders it Is believed that coats and
dresses will lead suits in sales this
fall. =.
Some mems clothing manufacturers
are said to be asking an advance from
their customers on the prices at which
orders for fall garments were taken
in April and May. They say that ad-
vancing labor costs have eaten up
their profits and that if they deliver
goods at the order price they will ac-
tuaily lose money on the seasons bus
mess. Buyers resent such a policy
and serious disputes and possibly law
suits are likely to ensue.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06
Domestic Needs a Factor.

Meanwhile deferred domestic require
ments will almost certainly come on the
markets in such volume as to sustain
prosperity on the present basis at least.
once the railroad muddle is cleared, the
basic trades which find in the carriers
their largest customers may be expected
to recume operations on a normal basis
They are now the only important lag
CARDS in the business procession. And
even the steel industry is showing signs
of impending revival
In Wall street the boom has gained
fresh impetus. In the face of a recur-
renee of the money stringency stocks
advanced this week. and when money
rates finally reached a normal level the
speculation in industrial shares was
promptly resumed on a large scale, the
average price of thirty leading indus
trial issues reaching a new high record
for all past time at the end of the trad
ing Iyefk
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06
Love and Common Sense.

From the Chicago Journal.
NO, Herbert" she said. in a low
tone, "it is impossible. fear to trust
my future with you"
"And whyr'
"I have watched your conduct very
closely. 1t lacks the mark Of such de-
votion as my soul Graves"
do l not come to see you four
nights in the week."
Yes. but l have detected a calcu1at-
ing selfishness in your nature which
fear"
What do you mean?"
you have never yet failed to leave
in time to catch the last bus"
But that 10 only common sense"
Il know II H. HarbeEt and. theee-
koxe. It Is not loGnS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06
BY I. A. FLEMING.

Verify the New York stock market
Is setting its own pace, and each day
the market is a law unto itself, wip-
ing out presidents after the manner
of the nations executive.
Heretofore, with a two or three
day holiday around July 4. with the
attendant heat and that tired feel
ing, brokers welcomed spasm of
dizziness. evened up their records and
with the office force made Il grand
outing. while their customers were in
the habit of evening up trades, and,
with a clean sheet, rest over the holt
day period, leaving the market to do
the same.
Thursday. July 3. however. the buy
ing power of the market was at its
height for the day of the bull move
'nant, leaving the high of June far
in the rear. with the buying power
seemingly ineNhaustihle.
Some daring spectators have taken
the short side now and then on the
well known theory that what goes
up will come down" 4 text that has
been used frequently with rare sue
cess. but which for the time being
seems to he a bit shaky. for the adj
Nanclng trend is continuous almost,
and the dips must be caught instantly
or the chance to cover is gone.
no one viii deny thai conditions
have been unsettled not only in this
country, but the world over, and yet
there is the most unhcunhed conf
dence in the future OF The United
states, and this. with the great album
dance of money and the new seasons
crop OF spectators and investors, is
putting the stock list higher and
hieher-that is. the INDUSTRIES -with
food, steelS and equipment shares
leading the way with = pcrsistency
that is new even to an ciIt.r!sr
The speculative element has never
doubted that Germany NvoIld sign
the treaty; nor does it question ra,i-
fication by the big states rs well as
by. Germany herself
They admit that prices are high. but
they claim that there is small chance
of reduction and see in every new or
der the coming of big business and
the prosperity of America
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06
Crisis at Hand.

In more than one city the situation
has approached state of crisis. The
results can easily be such that the
reaction upon our financial and indus
trial position may SAVIOR of disaster.
An investment running into the bill
lions is not to be trif1ed with, par
ticularly when its serious impair
ment means a blow. directly or in
directly. at the savings Of the peo-
given a shock that will check the
essential development Of utilities for
0eaw to come. thus depriving the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06
Professional Troubles.

From the Boston Transcript
Whatever became OF that patient
of yours you were telling me about
last falT'
"Oh. he's got a complaint now that's
giving me great deal of trouble"
Indeed. What is it?"
Its about the amount of my bill
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06
Women's Apparel in Demand.

Manufacturers of women's wearing
apparel report that the fall business
booked during June was the largest
for that month in their experience.
The majority of the buyers for re-
tail stores are expected in the mar
ket next week and the weeks follow
ing, and many manufacturers predict
factories will be sold up completely
by September l. Early buyers COM
plain Of the high prices and ara,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06
Figures Showing Better Outlook.

Definite evidence of the turn for the
better in the iron and steel industry
was furnished this week in the Iron
Age, figures showing that the daily
average output of pig iron for June
was 70,495 tons, contraSted with S.
o02 tons in May. This gain in output
was the first check to a steady decline
in the daily average from the high
point reached in September, 1918.
Although the trade normally would
now look for midsummer dullness,
indications point to a more active
market and predictions are heard
that the mills will be operating at
full capacity by September. The
boom in the oil regions continues to
be an important factor in the present
demand for tubular goods. Some of
the pipe mills have booked so much
business ahead that they are an
nouncing only regular Gus tomers will
be served.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06
Diplomacy.

From the Yonkers Statesman.
Travelling alone this trip, boss?"
said the Pullman porter.
Yes. George" replied the little
man. But why do you call me
boss? The last time I was on your
train you called me chief"
Yes, boss; but your wife was with
you then, and l had a suspicion she
would feel hurt to hear me call you
boss"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06
The Great Difficulty,

From the Detroit Free Press.
'Is it hard to write for the news
papers and the magazines" asked the
sweet young thing.
Not at ALL" replied the writer.
".But It 10 hard to get thu editors to
buy your stuff"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06
Wooden Goods Trade.

Deliveries rather than sales were
the main concern of the wooden goods
trade. OF the new goods for spring
the tropical cloths led the field. Max
ers of such goods have shown q dis
position to open their lines for next
spring as early as possible and are.
booking a good sized business. Prices
generally are above those of last
year and buyers are ordering freely
despite the advances. In regular
cloths there is said TO be more quiet"
placing Of orders for next spring, as
the time for beginning to produce
such fabrics approaches. The treas
urer of n leading mill concern said
that his organizations production up
to next February was completely sold.
Mill agents do not care to admit that
they are taking orders for next spring
now. but buyers say they have been
able to place such orders in fair guam
titles at high prices.
Manufacturers of mems and wom--
ems apparel say that deliveries of
cloth from the mills are improving,
but that the cutting of fall orders at
the beginning of the season will re-
suit in a great scarcity about Oc-
tober. Jobbers continue to advance
their prices. It is said that they are
getting $3.50 for a certain cloth
made by the American WOODEN Conn
many, which that concern sold at
'S2.S71h at the beginning Of the fall
selling season.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06
Wants New Assignment.

Harry v. Haynes. president Of the
Farmers and Mechanics National Bank.
chairman of the program committee Of
the recent convention. has received
much communication for the success
and work of the meeting and the excel
lence of the various numbers.
He took occasion at the convention to
lay his wires for a different assignment
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06

70 further the work. started at the
convention. OF uniform accounting
methods, that the best methods may
lie made available to all banks. Mr..
IsVans' symposium was clearly one
a.; the most Interesting features OF the
late convention.
Du Points in Oil Industry.
Having made so much money during
nc war and in everything they have
touched the du Pont interests are now
attracted toward the oil industry, in the
loI,e of making a few more fortunes out
of the ground.
Alexis /. du Pont and Charles A Pat
tersop, vice president and general man
b ,er Of tho E. L du Point dc Nen1ours
C1mpauA WIN SYtge6eec L. Wolfe and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06
Private Capital Needed.

Much of the matter contained in the
issue of the Federal Reserve Board
Bulletin for July relates to two i'm
portant questions which have been
before the board during the month
the problem of export financing and
the raising of the embargo on gold
and foreign exchange. With refer
ence TO the question of export f1nanc-
ing, the board calls attention first OF
all to the fact that the oversight and
direction of this matter has passed
from the hands of the government to
that of private interests and must
be carried forward by the latter. 1t
says:
With the determination on the
part of the government that 1t will
not continue the large participation
in export trade financing undertaken
during the war, but will leave this
field to be developed by private en-
henceforward call for the assumption
of full responsibility on the part OF
financiers and business men who must
recognize that the war period in our
foreign business has ended. The war
period in expectation comes TO q
close when government support OF
foreign trade is removed and when
business is left to maintain itself
upon its own basis.
THE view of the board is that the
matter of providing long-term ad-
vances for Europe presents an in
vestment rather than a banking
problem; that the necessary funds
must therefore come from the invest
ment market. The question how to
to investors is. therefore, the imme-
date and practical problem OF the
moment in connection with the fnanc-
ing of the business"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06
DEALERS TAKE NOTE
OF U.S.PEACE POLICY

NEW YORK, July 5.-With peace a
reality, the financial community set
tied down this week to more earnest
consideration of the important role
which the United States must in
evitably play in the great era of re-
construction and expansion.
That this country's finished indus
trial products are to figure actively
in the immediate rebuilding of the
devastated sections of Europe was
shown by the placing of orders and
contracts running into hundreds of
millions of dollars.
Quite apart from this condition.
leading domestic mills are reported to
be running at IS per cent increased
production over June and fully so per
cent increase over the preceding
month.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06
Exchange of Views.

Joshua Evans jr., of the Riggs Ma
ctal Bank will endeavor later on
10 have periodical conferences with
the LEADING accountants and workers
of the different banks. in an effort
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06
NEW YORK STOCK MARKET
:. SHOWS CONFIDENCE IN u. S. A.
Goes Its Own Way, Regardless of Prece-
dent and Record of Years.
Other Matters. =.

f. r. Rich, the two latter oil men, have
Incorporated the Atlas Petroleum Com
pany, with capital of 100000 and
ready to add millions more if needed.
The new company has seven produce
ing wells and 80, 900 acres in West Vir-
ginia and Texas.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06

Col. William C. Littlebrandt, 18th
Cavalry. commanding ofiicer at Camp
McClenand, Annisto0> Ala has died
at CHATTANOOGA
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06
Wants Moral Support

The moral support of the q. 8.
government in this movement to pro-
vide markets for American goods and
work for American workingmen and
women is all that will be sought"
said Senator Edge. land the plan will
be of such a nature that a business
like government should be glad to
lend its moral support
The only reason why this con-
templated bill for financing has not
yet been introduced is because we
are seeking the best method to pre-
clude government investments. gov
eminent participation, government
underwriting. government guarantee
or government control, yet at the
same time to make it a plan of such
real. intrinsic value that the govern
ment Will be glad to lend its moral
support. Big business is no more
interested. proportionately. in the
plan than little business: American
business as a whole, from the laborer
who produces the raw materials from
the earth to the fnancier who handles
the banking end of the business enter
prlses involved. is vitality interested.
The ramifications of the circle at in
terest are innumerable. and include
even the sailors and stokers of the
ships which will form the American
merchant marine to transport American
goods to foreign ports"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-07-06
Want Change of Management.

The plight Of the Washington Rail-
way and Electric Company does not
seem likely to be relieved in the i'm
mediate future. The utility commits
sion has so far been unable to see
ITS way to further increases in fares,
while the matter of the price for cur
rent from the Potomac Electric Power
Company is still held in allegiance
some OF the holders of preferred
STOCK, and probably common as well,
feel that with a change of manage
ment the chances for obtaining recog-
milton of the needs of the CORPORATION
might be solved, that the people as a
whole might take a more friendly
view OF conditions and that the utiI-
1ty,r commission would thereby be
willing to give the needed assistance
The management has of late been
making every effort TO win favor with
the public, and it is not the record
OF today that has cost the company
friends.
Stockholders claim that conservative
management might have avoided
much of the trouble that has come
upon the company. That economies,
less payments to the common share
holders in dividends and the courage
when not earned would have left the
company in better position to meet
the era of high costs, which give no
promise of abatement.
There can be no change of control
or in the directory. without the con-
sem of the present board. until the
annual meeting, the third Saturday in
January. 1920.
AT that time there is sure to be
large meeting, unless conditions
change for the better. in contradis-
'inction to gatherings of directors and
officers and perfunctory routine pro-
ceedings, for which the shareholders
baye heretofore been to blame. in not
looking after their own interests.