davidaulloa/AmericanStories huggingface dataset:
Evening star., 1920-10-17
NEW YORK BANK STATEMENT.

NEW YORK, October 16-The ac-
tual condition of clearing house banks
and trust companies for the week
shows that they hold S26,256,02O re-
serve in excess of legal requirements.
This is a decrease of $9,943,960 from
last week.
The statement follows: Loans, dis
counts, etc, s5,495,s65,o 900; increase.
$42,166,0 900. Cash in own vaults, mem
bers federal reserve bank, $94,369, 900 !;
increase, s909,O00. Reserve in federal
reserve bank of member banks, $572,-
10000; increase, s3,377.000. Reserve
in own vaults, state banks and trust
companies, sS,sSs,000; decrease, s145,-
900. Reserve in depositaries. state
decrease, s4s4.000. Net demand de-
posits, s4,254. 4.50s, 200; increase, $685.
$4,000; United States deposits deduct
ed, S11O,76S, 600 Time deposits, $751;
$4,000: increase, s1O,3S5.000. Circula-
ton, $34,725,000; increase, $4,000.
Aggregate reserve, $500, ,473.000. Ex-
cess reserve, SET, ,020; decrease, So
943,960. Summary of state banks and
trust companies in greater New York,
not included in clearing house state
ment: Loans, discounts. etc, $61S,-
451 900; increase. s71S.100. Gold, ST.
954,4OO; decrease. $4,000. Currency
and bank notes, s17,S34,7O0: increase.
S794,7O0 Deposits with federal re-
serve bank, New York, $54,311,200; in
crease, $3,450,s00. Total deposits, s634,-
921 400; increase, $500. 400. Eliminating
and other banks and trust companies
in New York city and United States
deposits, $5S4,463,00e; increase, $685.
500 Cash in vaults of banks, $26,-
SS1,1O0. Cash in vaults of trust COM
panies, $53,229,200.
Evening star., 1920-10-17
LOGIC OF RAIL SITUATION
FAVORS CONSOLIDATION
Allen B. Forbes Gives Views on
Credit and Merger of
Units.

In the annual report of the railroad
committee of the Investment Bank
ers' Association, presented at the Bos-
ton meeting, Allen B. Forbes, of Har-
Iri, Forbes & Co, chairman of the
committee, declared that sound prin-
iciples Of finance required the estab-
llishment of the credit of the railroads
on such basis that they be able to
capital requirements through the sale
of stock, as well as bonds. He said,
further:
'Those railroads which have Salts
factorily met their financial require
ments since the enactment of the
most part those which have had in
ldependently credit which has made
lit possible.
| "A moments reflection, however,
ishows the combined railroad service
lof the country is rendered by a COM
not in that happy position. The serv-
lice they render, however, is vital to
the country''s needs. How shall rail-
road credit as a whole be sustained
and a general credit for railroad Sc
curities be created. which will make
essary funds to give the service which
the country requires and demands?
''The logic Of the situation unmis-
takably points toward consultations
where economies can be effected and
the satisfactory handling of traffic
promoted. While in the Judgment of
the committee the law has wisely
made such consultations permissiva
rather than compulsory. sound husi-
ness judgment will perceive the bust
ness opportunities and can be relied
on to bring about this logical solu-
tion Of many of the problems in
Evening star., 1920-10-17
BY l. A. FLEMING.

The American Bankers Association
held it's 1905 convention in the City
OF Washington, District of Columb bia
ing as it does so per cent of the
banking capital of the United States
in its membership, returns to Wash
ington after fifteen years stronger
than ever, with delegates numbering
thousands of the leading financial
men of this nation, deep thinkers on
problems of finance and economy.
trade and commerce.
The local bankers organization eX-
tends a welcoming hand. now as it
did then; it has made all arrangements
for the comfort. convenience and en-.
tertainment of the delegates and
those who accompany them to the
National Capital. The hotels of the
city have reserved the needed accom-
modations, and everything is in readi-
ness for the deliberations of the
greatest body of organized bankers
in the world
physically and otherwise since 1905;
then we had a banking capital. sur
plus and undivided profits of S17,39S.-
00U. deposits of St7.9TS.09o and loans
of S37.17S. GEO. These figures are as
of May %. 1905.
Banking Statistics.
Making a comparison OF the nearest
date in the same month i'll 1929, say
May 4. the totals are. capital, surplus
and undivided profits. S35,I57. $40: de-
posits total, S179.091,4S2. and loans of
$11S.770.227.
National banks, between the dates
named. increased their deposits nearly
400 per cent trust companies, over 500
per cent and the savings banks nearly
ten fold.
Washington made ats greatest in
crease numerically during the war and
naturally its material growth during the
same period, and it has retained both
to a large degree, the loss in added pop
ulation being most marked.
As an evidence of the growth during
the greater part of the war and the
share of business retained today, the
deposits of the banks Of this city are
Evening star., 1920-10-17
MARKET SHOWS DEMAND
FOR WHITE POTATOES
Price of "Spuds'' Advances IS
Cents a Bushel-Other
Quotations.

BALTIMORE. October 16.-White
potato receipts have been liberal this
week, the demand is good and the
price advanced 25 cents hundred
pounds over last week. No. 1 stock
IS now being quoted at 200 and 225:
Nos. and bring from Is to 1.5o
per hundred pounds. Receipts of fancy
bright sweets are light and the de-
mand steady at $50 to 3.75 per bar
rel, but more liberal receipts are look
so 1of next week, with possible drop
IN price. Vans are bringing $50 to
800 barrel: white Nos. 2 and of both
sell at LOO to 200 per barrel
native and nearby vegetables in
ample supply, but the general tone of
the market is steady under fair de-
mand. Green and stringless beans
advanced 10 cents per bushel, now
bringing LOO and 1.10. and limas are
in good demand at 2.75 and 325 per
bushel and 20 per pound. hulled. Cab
page is selling well at Loo to 500 per
100 head. Corn is nearing the end of
the season and is quoted at 20 to IS
dozen. The supply of apples is more
than ample for present trade wants
and is lower and easier
Packed fruit Is commanding most
attention, and the demand is only for
soft eating varieties: hard cooking
fruit shows slow sale ann is not want
ed. Standard no packed brands bring
$50 to 500 per barrel. while No. 2
sells at $50 to $50. There is still q
good demand for fancy stock peaches
at IS to 1.5o per basket and 150 to
800 bushel.
OF course. fresh nearby eggs re-
ceipts continue to run light. and the
demand is keeping pace with this
character Of stock; the market is
steady at SO dozen. Receipts Of live
poultry the past few days have been
more liberal and prices on springers
show a decline. large fat birds being
quoted at 80 pound. while thin ones
only bring IS. Old hens hold up we'll
at 80 to -, with White Leghorns quot
ed at 50. Old roosters. are plentiful
at 20 and 81; young ducks in fair'de-
mand at 2S to 80 pound. Good de-
mand for both young and old turkeys
if large and fat at so to 50 a pound,
but shipment Of small birds is not ad-
visable.
Evening star., 1920-10-17
FEED MARKET WEAK.
for Higher Prices Ii
Main Feature in Grain.

The feed market was weak and un-
settled during the week ended yes
terday. according to the weekly mar
ket report Of the United States bu-
reau Of markets. There was better
inquiry for bran.
Rutter markets opened the week
with prices down about cents, and
considerable Danish butter moved
during low prices. Net changes for
the week. were comparatively slight
among live stock and meats.
Producers agitation for higher
prices was the main feature of the
week in grain. Continued apathy
prevails in, the cotton market for
fabrtcs. II ID stated.
Potato markets were irregular; ap-
pie prices fairly steady; onion prices
showed little change; cabbage mar
kets irregular: Virginia yellow sweet
potatoes fairly steady.
Evening star., 1920-10-17

satisfactory for both the Lanston and
Mergenthaler shareholders.
There is small pressure elsewhere,
holders who have carried utilities not
being disposed to part with them at the
present market price.
Some local bonds are selling at at
tractive prices: others are out OF line
with New York averages.
Money is still close locally. although
most of the demands OF merchants and
business men are cared for Mortgage
money is not offered at all freely.
Business is only moderate, the weather
being rather warm for this season Of the
year.
The advent Of $500 people in attend
e. A convention and their entertain
ment should be a great assistance to To-
cal business
Evening star., 1920-10-17
'EPosITs OF TRUST COMPANIES.
Grand total. $l62. .92O,1cO $s5 5,37O,53t
France and Great Britain Pay.

Grand total. $l6a.s20.1e0 $s5,s70.5se
France and Great Britain Pay.
The Anglo-French loan of $780,
0O0. 600, made to the governmen nts
named at a time when they sorely
States had not entered the world
conf1agration, has been liquidated in
full.
1t was made five years ago, and
at the time every effort was made
by opponents of the allied govern
ments to defeat the loan, to decry
it as loan that would never be
met, if made. etc.
A number of economic writer's. look
point than w. J. Bryan, regret that
it was necessary for Great Britain
and France to buy exchange at this
time. with the exchange rate so ad-
verse to the nations named.
In normal times a French franc
was the equivalent of 1913 cents
American; now it is cents The
pound. $4.S7 about the normal value.
was around $3.50. breaking to the
for the very purpose of paying the
obligations settled on Friday.
National City Bank View.
Commenting on this subject, the Ma
tional City Bank has this to say:
'The factois that the best interests
of all countries would have been
of the Anglo-French loan for another
five-year period. 1t would have as
sisted France in her recovery and
helped England to extend more credit
to continental Europe, and have
served both ways in getting the world
Evening star., 1920-10-17
Brazil TO BOOST TRADE.

RIO DE JANIERO. October 16.-Au-
thority to establish free zones (bond-
ed warehouses} in various ports of
Brazil is requested by President Pes
soa in q message to Congress. The
president said that the system had
proved very successful in other coun-
tries. and he was sure that it would
help to develop Brazilian commerce
and to cheaper the cost of living in
Brazil.
Evening star., 1920-10-17
IRON AND STEEL unable
TO COMPETE ABROAD
Adverse Exchange Factor in Mar
kets-Cut Prices in
Copper.

NEW YORK. October 16-That iron
and steel products cannot compete
abroad at this time, as result of ad-
vers" exchange and keen competition
from British, Belgian and German
sources, was the opinion expressed in
export circles lately. Overseas demand,
as with the trend in the domestic mar
ket, is stagnant. Prices continue to look
down, but more radical price cuts are
held up by makers to protect old con-
tracts. Production is near normal and
shipments as well, but new buying is
so Per cent lower
Foreign Demand Drops.
Foreign trade in pig iron has tapered
down to almost ins gnif1cant proportions.
AS with steel, buying of iron. by both
overseas and domestic consumers, re-
mains extremely dul, and prices rule
easy, though the decline has not bee>
|eFe, as furnaces are sold far ahead.
Buying of coke is very light but prices
remain stiff, as car placements and out
put are much lower
The only business being done in COP
per is by smaller agencies in the open
trade, who have cut prices to a level
below II centsA Buying is limited. as
consumers appear to be well covered and
the makers have withdrawn from the
market. Temporarily stating that they
cannot compete with the low quotations
without heavy losses They are cutting
operations 30 per cent. Production last
month was reported to he at least H.
100000 pounds below that in August
and further curtailment is expected this
month.
Effect of British Coal Strike.
The critical development in the
British coal strike has resulted in un-
usual depression here, enhanced by
slack demand and large stocks, and the
market went off cents to the lowest
level since pre-war days-39 cents a
pound.
Lead continues weak, owing to alb
sence of business aspects of industrial
conditions in the British Isles Moder-
ate selling here for Amsterdam account
resulted from financial readjustments
NOW proceeding in The Netherlands
Evening star., 1920-10-17

A Cold taken in the fall OF the
year. with the severe winter
months pending, causes great
apprehension, and justly so.
To get the best results take
"Seventy-seven" at the first
sneeze or shiver.
If you wait till your bones
ache. it may take longer.
nDoctor's Book in English,
French, Spanish, Portuguese or
German, on the treatment of
Every living thing" mailed
free.
''77'' for sale at all Drug and Country Stores.
Humphreys Homeo. Medicine Co., 156 William
Street. New York.
Evening star., 1920-10-17
NEW YORK DRY GOODS.

NEW YORK, October 16.-The print
cloth and sheeting markets were low
er today, resulting in more active in
quiries by prospective buyers. Yarns
also were lower and knit goods re-
manned inactive. Burlaps continued
weak. Reports from abroad indi-
Gated a reduction of 25 per cent in
Belfast linens.
Current prices are: Print cloths,
2S-in. 64x64s, 91a; 64N6ns, .; 3Sh in.
64x64s. 1111 brown sheetinss. south
ern standards. 10, nominal; tickings.
S-oz., 35 and 40: denms, 2.20s, indigo,
321a; staple ginghams. eastern, 20;
southern, Is: prints. unreviSed, %;
dress ginghams. 25a271a.
Evening star., 1920-10-17

choice. per pound, Is to 1871: or
binary to medium, per pound. IL to Is:
heavy, smooth. fat, per head, 5000 to
$500; rough. per head. 1900 to $500;
common. thin. per head. 1890 to 1900;
Sheep-No. l, per pound, s: old
bucks. per pound, 5; common, per
pound. to 3; lambs, spring, choice.
l3 to 1872: fair to good. per pound.
10 to IL; common, thin, per pound,
( to 8.
Hogs-Straight. per pound, 16; sows.
as to quality. per pound. 10 to 10;
stays and boars, per pound. to g.
Live pigs, as to size and quality per
pound, IL to Is; shoats, as to size ana
quality, per pound, IL to 10.
Evening star., 1920-10-17
LIVE STOCK MARKET.

BALTIMORE. Md, October 10
Arrivals of live cattle along the
wharves are light, but there has been
a free run of cattle at the stockyards,
where the market has ruled easier.
Prices today at Light street wharf:
Beef cattle-First quality. per
pound II to l2; mAdium. per pound.
s TO lG: bulls as to qnality. per pound,
j to I. cows as to quality, per pound,
4 TO I; thin steers, per pound, to Z;
o-an as TO quality. per pound. to 8.
Milk cows-Choice to fancy. per
head. 6a00 to 5000; common to fair.
per head, S0.o0 to 5000. Calves, veal,
Evening star., 1920-10-17
CANADA FUEL CONTROL.

OTTAWA. Ontario. October 16.-Fuel
control regulations similar to those
enforced in Canada throughout the
winter Of 1918 have been issued by
the board of railway commissioners
acting for the federal government.
The order regulates the amount Of
available coal to be allotted to each
province and to Individual consumers.
Evening star., 1920-10-17
RECOVERY FROM SLUMP.
Stocks in Amsterdam Regain Big
Percentage of Losses.

1eTceuIdSe OF Losses.
AMSTERDAM, October 16.-Stocks
have regained large percentage of
the losses suffered during the recent
slump on the bourse. Royal Dutch
petroleum reached 812 today, a gain
of about fifty points over Recent
buyers have made millions of guild
ers in the furry.
Evening star., 1920-10-17
COMPARISONS IN STATISTICS
OF BANKING IN THE DISTRICT
"A. B. A. Met Here In 19O5-Growth of
/ Local Institutions Between Then and
Now-Thrift Essential to Trade.

shown as of November 10. 1915. and
September s. 1920. being the latest date
of cali by the controller of the cur
rency.
Evening star., 1920-10-17
RANGE OF MARKET AVERAGES.


stocks dealt the New Stock
Friday October The of
aevit of the market
Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1920-08-24
Il FAVOR GOING IN. :"

of
There be doubt of where he stands
what he will do when Atoh republicans who oppose
Will
SON others mulated league equally there
breach and Wilson the league which cannot be
willing interpretations which will
make plain what everybody else knows
to that override the constitution
Still there be misunderstanding OF Governor Cox position
even among republicans plainly Il favor
Harding stand? Out OF the labyrinth Of
meaningless which he used to state his position anyone
the League not? The New York
opponent league praises the speech
ting The New York Tribune the
ay clearly declared favor Of
the league reservations 1t all depends whether
the hand Murray Crane and
Lodge on the other Harding himself irreoute He
doesn't He to please.
distinction the wavering doubecrossng position OF the
republican candidate how refreshing Governor Cox
going He believes the place of the United
the head Of this the greatest humanitarian movement
establishment of Christianity and he emphaticay states his
position his party the dominant issue of this campaign
Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1920-08-24
HOW ABOUT JONES?

One of the wlful men, Of the democratic sena
tors has up he has been promptly and prec
lately bowled over by his constituents
vardaman Of Mississippi Hardck of Georgia. Gore OF Okla
homa in the fist of his constituents.
Reed Missouri repudaed by the state convention of his
subsequently be sewed out by the national party at
denounced the democrats
every convention his and bitterly condemned by his
state convention.
Smith of Georgia sought complimentary favore son. vote in
presidential preference primary econs the best he could
third place taender in the field of
three candidates.
Kirby of Arkansas Rather Kirby for
from all by the of ndg
constituents who do not forget! ~
Will Senator Jones remembered the patriotic republic
this the democrats in democratic statei Or will
they nominate Jones and make to defeat him with
ocrati
Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1920-08-24

tor Harding's labored fumblinv
evasive speech of acceptance Gu ~
nor Cox's clear and straight-forw.".
declaration Of principles came ~.
breath Of cool air on a muegv do.
Personally, l cannot indorso H.,
ernor Cox's attitude on the leapuo y.
nations. On that issue I acooS.
Senator Johnson's courageous n.y.
statesmanlike views. might prefo.
one of Senator Harding's position =.
the league to the stand taken nv o..
ernor Cox If l only knew which ono
was his real position and that ~
would not shift it to catch evo,,.
passing breeze Of supposed popu,ar
favor. But while I cannot follow CO..
ernor Cox on this issue I am No,
suaded that he does not occunv ~.
untenable Wilson position; that bo !.
not an impossibilist. l believe tb.,
if he is elected he will seek to ascor
tain and to put into effect "by and
with consent of the senate" the ran,
will and moral convictions of n.
American people in the matter ~
some international agreement to put
an end to war so far as may be.
Holding as do that my duties and
obligations as citizen are para.
mount to my duties and obligations
as q party man l have concluded IN
support the Democratic national ticket
in this campaign. shall continue IA
affiliate with the Republican party.
but cannot in good conscience
support for president q candidate Who
was not the real choice of his party
and whom ! regard as unworthy and
unfit to be the chief executive Of this
nation by the tests of ability, public
policies , official record and independ.
ence of character.
Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1920-08-24

Lumber Production Below Normal.
The West Coast Lumbermen's Asso-
citation reports that for the week end
ing July "a, lumber production in
Oregon and Washington was 20 pev
cent below normal; orders were 20
per cent below production and 10 per
cent above shipments. Car supply
was approximately 33 per cent Of re-.
quirements.
Mill stock. throughout the terri
tory, range from rs to As per cent
above normal. One hundred twenty
nine mills reporting to the West
Coast Lumbermen's association on
the weeks operations show q total
production Of 72,947, 4sS feet. The
volume of new business taken totaled
6s.6s7.507 feet.
Shipments totaled 51.200.532 feat,
of which 36,s00,000 feet represented
the movement by rail. Local deliver
les averaged slightly above normal
with 4.1SS.15s feet: domestic car
goes 6.0eA,267.
Unshipped balance for transe9n-
tinental rail trade 226,120.o00 tees.
approximately 1904 carloadA W.
shipped domestic cargoes s2,o72,k4t
feet. Unshippsd export e6,1sA45%
feet. Total oil unshipped business
3E3,a66,969 feet.
Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1920-08-24

so why did he vote twice in the senate
for the Lodge reservations, when and
how was he persuaded against them
and why is Senator Johnson support
ing him?
Senator Harding seems to have
shifted from the untenable ground
that the federal constitution provides
for party government. However. he
still assures the country that if elected
he will give it party government. But
the senator does not mean by party
government what the people under
stand it to mean. He does not be-
lieve in the right of the rank and file
of the party to express itself in the
+ only way in which it can express
Itself effectively, namely in the selec-
ton of candidates and the formation
of party policies.
If Senator Harding sincerely be-
lieved in party government he would
have refused nomination at the
hands of a bOss-controlled convention
when it was clear before that conven-
ton met that another than he was
the real choice of the rank and file
of the party and that Senator Hard
ing, himself, was the choice of only
a mere handful.
How can Senator Harding honestly
proclaim himself in favor Of party
government when he is opposed to
the direct primary, which is the only
instrument the members of a party
have to express their will?
What Senator Harding believes in
, is not party government, but boss
control. He has the Mark Hanna
conception of party. He looks upon
the Republican senate cabal as the
Republican hosts and deceives him
self that when Senators Smoot and
Watson and Lodge. Murray Crane.
James Hemingway and Colonel Har-
vey met privately in a room in the
Blackstone hotel at o'clock in the
morning to decide upon him as the
candidate and to determine his pol
icies the Republican party was as
sembled together for solemn delibera-
ton.
There is nothing in the record and
personality of the Republican candi-
date to attract the independent
and progressive voter. He repels the
thinking liberal in. every test. And
this record and personality make It
impossible for one who cherishes the
memory of the Progressive party and
is proud Of what it stood for and
accomplished. to support for president
the man who DETAINED and villihed
that party and declared that when
the Progressives came back into the
Republican party they would have to
come ON their knees" How can q
progressive who was privileged to
march ahead under the leadership Of
Theodore Roosevelt, the greatest
man of his generation, now be content
to turn back and stumble along In
the dark behind the man Who called
Theodore Roosevelt the Aaron Burr
Of the Republican party"
Governor Cox, the Democratic can
didate, 10 in distinct contrast to
Senator Harding. Az chief executive
Of Ohio for three terms he has fine
record Of an affirmative character
along progressive lines. After Sena-