davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1914-11-18
EXCHANGE UP ON
STOCK PURCHASES
Banking Houses Bringing Home
Securities That Have Been
Carried in Europe.

Heavy buying of exchange yesterday
particularly Of cable sterling by
houses that deal in stocks between
New York and London-sen rates up
briskly. and cables closed at 1888 and
demand at 1874. French cables closed
at 512i2 and demand checks at 5.134.
Marks were $685. for cnecks and SG y
for cables. or about as low as they
have been at any time since the war
began. The par of exchange in their
case is about S$l cents higher
Demand for exchange was created
mainly by the necessity for taking up
stocks which have been carried in Lon
don since the last days of July, when
the settlement occurred. Money rates
there. with the exception of a few
days at the beginning of the war, have
been uniformly easier than they have
been in New York, and exchange has
ruled so high here until recently that
manifestly the cheapest thing TO do
was to carry stocks on the other side
rather than bring them over. The
terms Of the Stock Exchange adjust
ment in London, however, now put a
premium on bringing purposes across
the water.
On Monday one of the best known
banking houses in the Street was Of
fering cables rather freely, but yester-
day there was no supply from that
source. and with no let-up in the de-
uand prices naturally advanced
Cotton bills are coming into the mar
20 i'm gradually increasing numbers,
g I,r
helping 10 stimulate buying both
abroad and here. Yesterday there was
reported the first shipment of cotton
direct 10 Germany since the war began,
a cargo of 5000 bales, destined for
Bremen. The cotton went in an Amer
lean ship. with the consignor accom-
panying IL. Insurance on the vessel
was written by the government bureau
in Washington, which limits its risks
20 100000 in the case of each vessel.
The cargo was covered by American
underwriting firms. since British firms
are not permitted to protect ships or
cargoes against capture by British
forces.
The reported action of the British
government in declaring the North Sea
military area. as well as the pro-
claiming of copper and oil strictly con-
traband. had no marked effect on eX-
change yesterday. the general senti-
ment being that there was nothing in
the news so unexpected that 1t need
change policies.
Marine underwriters said that British
war risk rates had declined recently,
since the Emdens capture and the bot
Ting up Of the Koenigsberg. The Eng5
lish governments flat rate of , guineas
clio per cent?. which covered the
war risk 20 any destination, was like
wise reduced slightly.
New-York tribune., 1914-11-18

although it's foreign trade has been
hurt by the war.
The Criswold Manufacturing Com
pauy. of Erie. Penn, Of which Marvin
s. Griswold lis president, is eNperleh-
cine better trade. and present indica
tions are that November sales viii he
ahead of what they were In October
although that is usually the company 3
best month.
"We have observed lately" says Ed
ward Brunhof, head Of the Brunhoh
Manufacturing Company. Cincinnati.
"that business is improving gradually
and nicely For q time we were not
running our factory on Saturday. hut
We are no wworking six days OF the
week again. and feel confident that the
Improvement has come to stay. We
have not laid of anybody; on tho con-
trary, I'm some departments we are
hiring additional help"
VI. Hosler, president Of the Moslor
Safe Company, Hamilton, Ohio, says:
"Our present business conditions are
far from unsatisfactory. as we have
noted a marked increase in our sales
during October aud November. We are
and have been for some time past very
optimistic for the future trade condi-
tions in this country, so much so that
we are no wmaking preparations TO
take care of very extended volume OF
business during the coming year
A better feeling is also in evidence
in the steel trade. which is usually re
garded as an accurate barometer OF
business. A week or two ago some
plants were operating not much more
than 25 per cent of capacity. Now the
average is between 30 and 10 per cent,
and it Is expected to 20 higher
Orders we're more numerous and
there is better demand for exports
Steel men are more cheerful than they
have been at any time since hostilitics
in Europe began. Easier money condi-
tions. the establishment Of the Federal
Reserve banks, resumption of several
minor security markets, reopening OF
the Cotton Exchange and a better de-
mand for securities, followed by higher
prices. are among the Developments
that have helped to turn business SEN
timent for the better.
New-York tribune., 1914-11-18
BOOST BUSINESS
AT LUNCHE0NS
Fifth Avenue Association Starts
Series of Round Table Talks
on Prosperity.

The first of series of informal
roundtable talks on prosperity and the
boost New York" idea was held at
the Fifth Avenue Association yester-
day Prominent business men along
Fifth ay., as well as in other parts Of
the city, took part in the discussion.
Robert Grier Cooke, president of the
association, was empowered 70 appoint
committee 10 arrange for similar
luncheons. probably once month,
through the winter.
Mr. Cooke addressed the meeting.
and other speakers were J. VI. Gliding,
of J. NJ Gliding & Co. Ii. A. Bliss,
general manager of the Gorham Com
pany; 5. C. Henderschodt, of the New
York Edison Company; A. r. Parsons,
of Douglas L. Gilman & Co., real es-
tate and insurance, 42l Madison av.;
Washington +. Connor and Henry VI.
Toch, of Toch Brothers, of 320 Fifth av.
After the war broke out" said Mr..
Cooke" there was a shock 20 the whole
world, which undoubtedly accentuated
the prevailing business depression. We
have been regaining our poise since
and there are many indications of a
revival In business I'M many directions.
The Federal Reserve banks opened
yesterday, as ala the cotton EAcnAn re.
The country's export trade seems 20 be
in the incipient stages of a boom. The
securities markets have been gaining
strength, so that it is not improbable
that the Stock Exchanges might be
opened.
"The savings banks eased up on the
rule of sixty days notice for the with
drawal Of the depositors' money. In
vestment bankers i'm convention I'm
Philadelphia last week were most op-
timistic Likewise the Mayors of many
cities, assembled there for the consid-
Grafton of the relations Of public utili-
ties and municipalities, expressed con-
siderable confidence as 20 the outlook
in their parts of the world.
"While admitting that in a good
many localities business is below nor
NAL, the general tone of affairs is op-
timistic and courageous. Returning
cheerfulness rapidly overtiows into ac-
tion. Therefore, We have every reason
for cultivating such a spirit"
New-York tribune., 1914-11-18
BRITAIN BUYS BACK LINEN
France Orders 100000
Sweaters for Men at Front.

Philadelphia. Nov. II Orders for
more than $l.O00000 worth Of linen 10
be used in making soldiers uniforms
and orders for 100000 sweater coats
for men at the front have been re-
ceived here from England and France.
A large proportion Of the linen which
will be sent TO England in fulflment of
this order was purchased in the British
Isles by American merchants prior 20
the outbreak Of war.
Philadelphia tradesmcn declared to-
day i'm explanation of England's linen
orders that the British supply Of flax
was greatly reduced by the war and
that is why that country is compelled
to buy back at an increased price
goods sent here several months ago and
kept i'm storage since. More than 200,-
600 yards Of linen will be taken out OF
bond Immediately and re-shipped to
England.
The French order for sweater coats
will keep several mills mere busy for
az least two or three months. The
prices under the present order, dealers
say. are much better than those OBJ
tanned when France ordered 100000
such articles month ago.
New-York tribune., 1914-11-18
Canvass Shows General
Satisfaction in All
Lines of Industry.
BOOM FOLLOWS
NEW BANK SYSTEM
Business Revival Reflected in
Resumption of Mills and
Buying of Materials.

The general satisfaction OF manu-
lecturers and business interests over
the outcome OF the recent election.
with the benefits expected to grow
cat Of the operation Of the new bank
sg system. are shown in n canvass Of
various trades ov the United Cigar
stores Company Of America, con
Ioled by George J. Whela. and his
associates Replies received from let
tcrs sent 20 piano makers, copper re
fnerS. rubber manufacturers. builders.
tool and machine manufacturers, etct
gll beSneak a growing spirit OF OPIUM
ism which is already reflected IN an
increase in working hours, the result
of renewed buying on the part OF cuS'
tor.ers.
81 am glad TO state" says Edward
H. Harkimau. president Of the Onase
Is Baker Company Buffalo piano man
utacturers, "that, since september 10:
this factory has been very busy, and
we have been compelled 20 double the
force Of our mechanics IN our piano
department. Our payroll each week Is
Just double what it was two mon'hS
ago. During the very bad tunes IN
June. July and August, instead OF SIT
ting down and bemoaning our rave;
we kept plugging away. advertising ana
writing our custzmcrs, and when the
war came. instead Of talking war,
we talked selling pianos have the
Greatest homes I'm the world for big
business for the year 1915. and we are
doing everything we possibly can TO
mike the business.
Charles Z. Hildreth general manager
of The National Machine Tool Illd-
.,.' Association, Worcester, Mass,
saws the demand made upon the ma
chime tool industry for l4-inch, 10
inch and iS-inch lathes has practically
cleaned the country out Of these Sues
Of machines Some 2,OOO nave pee"
sold 10 be shipped abroad.
"Tbis we regard as having so de-
n,eted the supply" says Mr.. Hlldreth'
afbst II is more than likely TO stlmu,
lsto the demand on the part OF genera
buvers TO get their orders IN as cary
.s nossible. in order not 10 nave 10
,yait too long for deliveries.
I'VE are all greatly encouraged oy
the effect that the recent electloh mas
had on banking and industrlal interests
We know that the new cutehC! Dit -
reing looked forward to as sone'h.ne
that rs gong 10 nave W. '..
eect for good. We are much ehcouI- ,ll.
eced n believe that the bottom has now
feen reached. and that 1915 vii see an
upward movement
Here are some other expressions on
the improved outlook for the future;
Walter /. Willis, secretary OF the
Chamber Of Commerce Of the Borough
of Queens: "While several OF the large
industries ~ the Queens section OF the
citv have been affected by the war Such
as large copper refining works rubber
works, etc, yet the oest evidence thge ,bie
mart of New York City, is the report OF
lie manufacturing and industrial com
rnittee Of the Chamber, made on Octo-
Der T. which shows that great many
new industries have located IN Queens
within the last few months. The build
ing development of the borough IS also
New-York tribune., 1914-11-18
BUYING WAR HORSES HERE
Millions Of Dollars Worth
Under Contract for Allies.

East ST. Louis. H.. Nov. H. Horses
and mules valued at S2499.O 600 have
been shipped from the National Stock
Yards here to the French and British
governments since the war began. ac-
cording TO statement given out at
the yards to-day The English have
bought 1920 horses and the French
7,476. The average price has been 5000
head. Contracts have been let for
5000 70 1900 additional animals, TO be
shipped from East ST. Louis, Okla
homa City, Little Rock, Memphis and
Fort Worth.
New-York tribune., 1914-11-18

though apparently we had forgotten It.
are bound We have, and shall have,
moro and more as our new understand.
ings ripon, common discipline OF
patriotic purpose. We shall advance,
and advance together, with new
spirit, n new enthusiasm, a new cordi-
slity of spirited cooperation. 10 ia
an inspiring prospect. Our task is
henceforth to work not for any single
interest, but for all the interests Of
the country as united whole.
A Time of Healing.
"The future will be very different
from the past, which we shall present
ly look back upon, ! venture to say, as
if upon bad dream. The future will
be different in action and different IN
spirit, time Of healing, because n
time OF just dealing and cooperation
between men made equal before the
law in fact as well as in name. am
speaking Of this because the new bank
ing system seems 70 me 20 symbolic
all Of IL. The opening Of the Federal
Reserve banks seems TO me 10 be the
principal agency we have created Tor
the emancipation We seek. The 10Th oi
November, 1914, will be notable as
making the time when we were best
able to realize just what had happened
ain the anxious times through which
we have been passing you have, my
dear Mr.. Secretary, been able 20 do
many noteworthy things TO strengthen
and facilitate the business operations
of the country. Henceforth you have a
new instrument at hand which will
render many parts Of your task easy
/ heartily congratulate you upon the
part you yourself have played in rs
conception and creation, and upon the
successful completion Of the difficult
work Of organization. A new day has
dawrtd for the beloved country, whose
lasting prosperity and happiness we 50
earnestly desire"
New-York tribune., 1914-11-18


bANGoR-A l. ifessc: l. lf'sse. 1870 Bw'y.
nIRinNGuA,f rari.ls 60. Miss Lish1oo,. $50
cIiNrftNooGA Rolor, Schwartz 60. II
rthwaia. Is D. H.d o. 10Th nour
CHICAGO y siege a Bros 4 lfsyiland spring
cntis. ] " "a A. on ho0r
FoRr WAYNE wof 4 D,ssaur; II II Grotisndlck; ;
INDIANA i'ENN.-s " Rose W Rose: u = 10Th
JonNsrOWV PENN-W Nathan & Bro: g Ma
than Us T. 2sih ST. Room 1905.
JollNSrOWN. TrNN-Geo Il Kline. q Kline. % w
KANSAS CIfY -spaldins Cloak Co; s
llnk, W 2.d st 5th noor.
NAsllvilLE- Rich. schwartz 4 Joseph: NJ l.
s,hwauk. rs = 22d st. 10Th floor
OMAHA l. nfandcs a sons. Dsnior'h; q;
PfTrsnrRGH FRANK 4 seder: Herstan.
..,.s co,.s ~ ~ av ION noot A. --r.,. ..
SCRANTON Scranton Dyguo1s Co. Mr. Erlich, u
lfth ST. Room 1905
ST rACI.-rusc6 Bros Nclser. plush coat.
ST Paul Nanheimer Bros. kaufman. 1870
SAN fRANcIsCo Prayer Co: l. Grossmsn: 200
wATERTowN. y -'1onEs". VI 4 Long. 90 "
$50 81" 9th hoor w,,,,,
BoSToN II II White Co. Mrs Hirsch. 40 an Ir
HIRNlNGIIAM rau,ian Co. Miss Lsbroot: 753
DENVER. Golden Easlc D7sood, Co. II E Bsu-
man. Al1 fth ~. Room lN9s
. ~
rIfrsBtRGu Franz 4 seder: NJ" Griffin. Mr.
Frank jobs. so ifh ay loh floor
Dresses.
BOSTON Jordan Marsh Co. Mr. Jury. 81 Union
DE 'yER-Go.dcr Eagle D G Co. II Bnuman. sl5
KANSAS CRY Mo spa'dns CLOAK Co. Fink
MflnlIls- -Bi5 DocE Mercantile Co. lrr. Landrcs
OMAHA J. Brandes 4 sons. u l. Danfor,h. 1851
RocSFoRD. iLL-w Martin. II l. woriham 60
sCRANToN. PENN Scranton d G Co: Mr. Erllch
pITrsBrrGlI-fr \ sedcr. II Her,eln. 40
ST rAtlEIrs''h Hros. Nciscr. Jobs. W 22d st.
Sth foor
MEMPHIS Br Block Mercantile Co. Mr. Landres
EoCKFoRD. iLIl-w $ Martin: II l. wortham 50
wATEHT6WN. y Y-'Iongs"; A Long. so W
boston Jordan Marsh Co: Mr. Fuller 81 Union
rITfsBj ron Levin Neiman CO. II Koch. 40 On
Gloves.
BoSroN-iorlan Marsh Go. NJ Williams. 81 Union
CniCAGO So. Klein. A spuker. 1861 Roadway.
oililA. .Bursc,, Nash Go. Ms, " o MaIl,y. 1888
Lace, and Embroldsrls.
BosToN-.w A Bacon. Mss sherman. 81 Union
cGicAGo Sol Klein. A spakr 1851 Broadway.
cIIICAGo-L Klcine. Mrs weius.eln. 81 Union 50.
Mems and Boys wear.
BosToN-Jordau Marsh Co. Mr. CLARK. boys
,,f,,,,i,,i,,,,,; lligI so. ny hoof ,.,.-.,.-
c.t.ig. D. 2.d o. I0,h floor
PITTSBURGH kaufman Depf store. l. pOHcrs
New-York tribune., 1914-11-18
WHAT THE BUYERS
WILL LOOK AT TO-DA Y

the cloak and suit trade. Very. rev
fancies are being shown. as IL looNS
like n staple season.
Black evening dresses win Jst
trimmings will be shown extensively
for the coming season.
A prominent suit manufacture hu5 n
adopted the method Of labelling az
his garments "Made and Created III Inr
L. S. A." II is his intention 10 celIy
out the idea that American cTeat,ons c,,.,i,s
will predominate, and that al. ia Ju'''
will be made Of American materials
silk stocking manufacturers are loon, '' 'a
ING forward to a big season, as SprIhs
skirts will be worn above the shoe-
tons.
New-York tribune., 1914-11-18
PARCELS TO FRANCE AGAIN
Postal Service Is Resumed
but Not to War Zone.

Postmaster Morgan announced last
night that the parcel post service 70
France has been resumed.
But until further notice no packages
can be accepted for addresses in the
departments of Aisne. Ardcnnes, Aube.
Cote dor, Doubs, Haute-Marne, Hau-e-
Saonne. Jura. Marne, Meurthe ct No
selle. Meuse, Nievre, Nord. Disc. Pas
de-Calais, Seine-et-Marne. Somme, Nos-
gos and Yonne.
New-York tribune., 1914-11-18
New YOrk's Reserve Bank
Deposits Now Total
$l0S,000, 900.
FEDERAL BOARD TO
WATCH DISCOUNTS
Demand for Emergency Cur
rency Nearly Over-SIo'-
100000 Still Due.

The reserves Of the member banks
NJ the Federal He(serye Bank OF New
York continued to flow in at the head
quarters. at 81 Cedar ST.. yesterday
hut i'm much smaller volume than on
,bo opering day. Governor Strong an
nounced after the close OF business
hours tnat only S5,O0O000 had been re
coived and that there were ninety
tbroe of the 4S0 banks of the "a ne
scrye District still TO be heard from
What proportion Of yesterdays reserve
tr,nsfors was in gold was not AIS
closed except that S450,OOO IN gold
coin was deposited at the SUD IeaS-
ury. ....-o ---.-.... ,r,,s-
fcrred 10 the New cork Reserve banN
Monday. the total now stands al oNe' Se
S1O4 500 600, which, added to inc 3D.
32t ql0 capital stock. gives the banh 10
do, aqprepatc resources OF close ~
s10s 600 GOO. Governor strong Salu
yesterday that IL was Impossible 10 eS
innate the amount of reserves tnal WIZ
ultimately come 10 the central bank
becauso each member bank bases us
calculation on its deposits as OF NO
vombcr is.
Clearing House Exchange.
The reserves received yesterday came
from upstate banks, either by mail or
registered mail. largely m money o.
email denominations. Three more
counterfeit bills were detected IN the
counting process in addition 70 the
two ON Monday. The counterieits re-
ccived Yesterday were $40 bills. Sew
eral of the banks included in their re
serves national bank notes. which are
70 he retired under the rev law.
Tho New York Reserve Bank made
lie frs+ exchange through the Clearing
House Yesterday. IL brought Sl3.OOO
ir checks and had against II Sl,OOO'-.
o00. resulting i'm a debit balance ol
SqS7O0O The banks rumber IN the
Clearing House is l20. Beginning
Saturday the Clearing House state
rnent will be changed 20 conform 10
the recent amendment 20 the co7s'Itu-
'iou lowering the reserves Of the mem
Der national and state banks 20 IL per
cent and Of the trust companies 10 -
ner cent The alteration was mace 10
conform with The reserve act and the
now state banking law.
Transfers Of reserves 20 the reserve
banks has as vet had 20 noticeable et-
feet on conditions iY the local money
market Its Influence annears 10 nave
been more than cou"tcracted by the
lower reserve requirements now M
force. as reflected in the easier rates.
Cali money we lert yesterday az
oe~ cent on ordinary collateral
New-York tribune., 1914-11-18
War Helps Sugar Trade,

Owing to the war in Europe inSa'rs ~ -.
ing the refined sugar trade the DIX Dls,,v ,,
iinery of the National Sugar Oouu'faao f',o.
in Yonkers. which closed a month 's"
will reopen to-day. IA.
Employment will be gwen 600 naac n..s
Ordinarily the refinery never ryVpt, ,,p,,o,
after shutting down at the eonelss'~ 4
of the summer rush until Feorus,y ~
but as the suPar-consuming arml. %.
Europe have made a big gap IN .ns Ma
fined supply the National company
New-York tribune., 1914-11-18
Millions in Stamps Shipped

Washington. Nov. 17.-Thirty-two
tons Of postage stamps for the holiday
rush, valued az more than SS.000000.
were on their way to-day from Wash
ington % postofIices throughout the
country Move than $2,4O0.0OO were
sent 20 Philadelphia, 81 ,422, $50 to 40
postoffices in the South and Middle
West. $4,07l 900 20 New York. and the
remainder. S56l. .494. 20 347 postofices
In the South and West.
New-York tribune., 1914-11-18
Suit for $4,000 Dismissed.

Justice Guy dismissed yesterday the
suit brought by james H. Birch, car
riage builder of Burlington. y. j.,
against Farson, Son & Co.. bond bro
kers 20 recover $4,000 paid for Color
ado Irrigation bonds sold by the de-
PENDANTS. Birch. in his action, alleged
fraud and misrepresentation in the
sale of the bonds.
New-York tribune., 1914-11-18
Distribute New Phone Books

The New York Telephone Company
was busy yesterday distributing the
s55,O 900 telephone books that are re-
quired by the New York City. West
chester. New Jersey and Long Island
divisions. The new directories con-
tain an additional 20O0O names Of city
subscribers. The added circulation is
New-York tribune., 1914-11-18
PRESIDENT SEES
BUSINESS IMPROVE
Continued from page |

wear. The legislation of the last year
and a half has in very large mas ure
done away with these things IN
their correction. suspicion and I'll Will
will pass away For not only nave
these things been righted, but new
things have been put into action when
are sure 90 prove the instruments OF 4
new life. in which the mists and dis
tempers which have so embarrassed US
will be cleared away; the wrongs ana
Misunderstanding corrected when
have brought diStrust upon so many
honest men uniustly. That Is the main
ground of my own satisfaction.
"Thc tariff has been recast with a
view to supporting the government
rather than supporting the favored
benehciaries of the government. A
system of banking and currency issues
has been created which puts credit
within the reach of every man who can
show a going business; and the super
vision and control of the system Is IN
the hands of responsible agency OF
the government itself. A trade tri-
bunal has been created in which those
who attempt unjust and oppressive
practices in business can be brought
10 book. Labor has been made some
thing else in the view of the law than
mere mercantile commodity, some
thing human and linked with the priv
ileges of life itself. The soil has
everywhere been laid bare out of which
monopoly is slowly TO be eradicated.
And undoubtedly the means by which
credit has been set free is at the heart
Of all these things, IS the keyplece OF
the whole structure.
New-York tribune., 1914-11-18
The Psychological Moment.

This is the more significant be-
cause of its opportunities. 1t is
brought to its final accomplishment
just as it is most imperatively needed.
The war which has involved the whole
of the heart of Europe has made II
necessary that the United States
should mobilize its resources in the
most effective way possible and make
her credit and her usefulness good
for the service of the whole world. 1t
has created, too, special difficulties,
peculiar situations, 20 be dealt with,
like the great embarrassment in sell
ing our immense cotton crop, which
all the world needs, but against which,
for the time being, the markets of the
world are in danger of being artif-
cially shut. That situation the bank
ers of the country are meeting so far
as possible in a businesslike fashion
and in the spirit of the new time which
is opening before US. The railroads
of the country are almost as much
affected, not so much because their
business is curtailed as because their
credit is called in question by doubt as
20 their earning capacity There is
10 other interest so central 70 the
business welfare of the country as
this. No doubt in the light of the new
day, with its new Understandings the
problems of the railroads will also be
metand dealt with in a spirit of can
dor and justice
For the future is clear and bright
with promise of thebest things. While
there was agitation and suspicion and
distrust and bitter complaint Of wrong.
groups and classes were at war with
one another, and did not see that their
interests were common and suffered
only when separated and brought into
conflict. Fundamental wrongs once
richted, as they may now easily and
quickly be, all differences will clear
a,vav kNa ara oil in tho anna hoot