davidaulloa/AmericanStories huggingface dataset:
The Yale expositor., 1916-02-03

All debts against Jacob Vanclief
please send to A. Gilbert, 300 Hudson
street, Buffalo, N. Y. 44-4
The Yale expositor., 1916-02-03

The ladies of the M. T.. church will
serve a 25ct supper in Fead's new house
one week from Friday.
The Yale expositor., 1916-02-03


Mrs. w. L. Rub is at Caro- on few
weeks visit with her sister, Mrs. Beck
ton.
Mrs. K. w. Farley was at Richmond
over Sunday attending the funeral of a
relative.
Il. w. Fellows, of the Marlette Gran.
tie 81 Marble Works, was In Yale last
Thursday.
ID. G. Finlayson went to Lincoln in
the north part of the state last Satur-
day on business trip.
Born to the wife of Lew Richardson
on Saturday, Jan. 30, daughter. Their
friends are offering congratulations.
e. X. Card attended the poultry show
at Detroit last week. Mr.. Card is a
breeder of pure-bred chickens and
Belgian hares. His yards are located
on Park avenue.
The Yale expositor., 1916-02-03
A Complete Surprise.

Mr.. and Mrs. James Ross were com
pletely taken upawares when friends
and neighbors numbering thirty gath.
cred at their home on Wednesday even
ing last to spend few hours with
them.
Mr.. and Mrs. Ross are deal entertain
ers and the time passed very quickly
and pleasantly. Music and pedro were
INDUCED in until late hour, when an
oyster supper was served in the dining
room, after which all took their depart
uTe, thanking the host and hostess for
their efforts TO entertain which made
the evening one long to be remem-
bered
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-21
FRENCH SEEK PAPER
SUPPLY IN CANADA
Partisan Syndicate Prepared to
Buy Quebec Plant

A French syndicate Of Partisan
newspaper publishers is seeking the
purchase of a 100000 paper-mak-
ing plant owned by New York inter
ests and located in the Province OF
Quebec, Canada, at the junction of he
ST Lawrence and Jacques Cartier
rivers.
The plant is the property of the
Donnacona Paper Company, and has
been in operation two years. 1t has
valuable waterpower, some 6, 10 horse
power of which has been developed,
and holds timber lands in the heart
of the Quebec forests aggregatlng
228.OO0 acres. The total output on
November 1 will be 100 tons Of news
print daily.
The syndicate endeavored recently
Ito purchase the Remington Paper and
Power Company's property in st. Law
renee County, this state, but was out
bid by Sears Roebuck interests. While
the production of the Canadian plant
is not so great as that of the Remng-
ton company, its location is considered
more satisfactory to the French, Who
would be enabled to load their paper
into vessels at their own docks and
ship direct to Rouen, France, without
breaking bottom.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-21
Finance Economics

ternational trade because war cannot
wait for delivery or stop to higglt
over prices. 1t is true Of domestic
trade for psychological reasons
"Dun's Review" this week says:
Maintenance of consumptive de-
mands in unparalleled volume,
with costs rising rapidly, continues
one of the most remarkable feat
ures of the times. Each week
prices, already at an extreme posi-
ton. go still higher, and the ad-
vances embrace a wide range OF
commodities; yet current and for
ward purchasing is undated, and
competitive bidding again accent
yates the strength of many mar
kets. II remains the exception
where the seller seeks the buyer,
and some manufacturers have
withdrawn quotations entirely as
a means of checking the influx OF
orders, which cannot be filled for
months to come, or which they are
not inclined to accept lest prices
change to their disadvantage.
The more they buy the higher
the price and the higher the price
the more they buy. 1t is a mad
time. City jewellers clamor for
an embargo on the export of
wheat and representatives Of the
Administration 60 about in the
rural places Boosting that cheap
commodity credit" has been made
accessible to the farmer so that he
may hold his crops for fair price.
What is a fair price? The situa-
ton contains everything but pathos.
There is nobody to be sorry for. In
the cities there are no breadbnes
In place of them are automobile
taking their turns to
receive the makers output as fast
as it will dry. Automobiles do not
have to be sold, either. They are
bought.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-21
NEW EXPORT RECORD
MADE IN SEPTEMBER
Shipments Reach S512,S47,957
Imports Fall Off -
From Tho Tribune Bureau ]

Washington, Oct. 2O.-Septen.ber
added a new record to the export trade
Of the United States. Shipments
reached s512,S47,957, or 100000
more than August, when the export
trade passed the 5OO,OO0,OOO mark.
Commerce officials are now looking
for the export balance to reach total
of almost 100000 for the cur
rent fiscal year. The favorable bal
ance for September was s2O0,OOO,Opo
greater than for the corresponding
month of 1915, and s332,OOO,OOO more
than 1914. The twelve months TO Sep
TENDER 80 show favorable trade bal
ance of s2,664179,316, compared with
81, 496, 1921 last year and S3i2,7l4,-
$40 in 1914.
Exports for twelve months ended
with September were $4,971 ,945,8S as
against S3,177, ,1Si in the preceding
twelve months and an annual average
of s2,453, OOO,OOO in the five years pre-
ceding 1876. Exports of domestic
products in September were larger
than those for the entire fiscal year
1875.
September imports fell off sharply,
having been sl64,12s,604 in value, or
less by s35.OO0,OO0 than those Of Au-
gust and $50. OOO, 900 than those Of June.
For the year ended September imports
totalled s2,3O7, 766,567, compared with
1851 ,29s, 913 last year and an annual
average Of sl,725, 100000 for 19ll-15.
OF the months imports, 7l.3 per cent
entered free of duty, compared with
7l.6 per cent in September, 1915.
Net inward gold movement aggre-
gated ss5,7l3,799 for the month and
si56, ,344 for the twelve months.
September gold imports were $32.562,-
$40, against sac, O62, 4i9 last year. Gold
exports were s6,s49,l4i, against ST.
033,990 last year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-21

ings in this country since the war
started, it will be found, are rapidly
approaching the two-billion-dollar mark,
including sums loaned to neutral coun-
tries.
Argentina Expected to Act
Conferences recently "mong the
American group Of bankers who have
loaned the Argentine approximately
s7o,0O0,000 since the war began, indi-
cate tina: the refunding Of these opera
tions is likely to take place in the near
future. The obligations mature over
the next four years.
Since the new government in the
South American republic has announced
that it favors a consolidation loan,
bankers here are moro confident that q
plan calling for the issuance Of long
term securities will be agreed upon
Argentina, it is expected, will ask fol-
loan of approximately S1o0,O00,0oo.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-21
Australasian Wool Trade

The season Of 1875 was one OF
exceptional prosperity for the sheep
and wool industry Of Australasia, and
the outlook for the 1857 season is
even better. according to consular ad-
vices. During the year ended June 80
Australasia exported l.s07,979 bales (of
500 pounds) of the 1875 clip, valued
at s145.525 ,53s. against l,544,799 bales
Of the 19l4-15 clip. valued at s96,077,-
100, and 1,96sSls OF the 1914 clip,
valued at s126,9i5,O62. or these ship
ments New Zealand contributed 1884,.
sci bales in 1875. 32l.927 bales in
l914-'l5 and 1867 bales in 1914.
New Zealand supplied but per cent
CT the 1.l4l,6 500 bales of merino wool
Of the 1875 clip that were exported
from Australasia. but furnished 81 per
cent of the crossbred and all strong
woods. IL is estimated that American
buyers took $4,000 bales OF the New
Zealand clip for the season l9i5-'l6.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-21
LONDON LOOKS
WITH FAVOR ON
M'KENNAPOLICY
Treasury Bonds at 6 Per
Cent Regarded in
Better Light
By FRANCIS W. HIRST
nv Cable 10 The Tribune


London, Oct. 20.-Reginald Nc
Kenna's speech last night shows his
confidence in the ability of Great
Britain to finance the war, and com
plimented Parliament on its readi'
ness to vote for war taxation. HIS
explanation that the success of the
6 per cent bonds and their accepta-
bility abroad had justified the issue
at that rate had the effect to-day
of dispelling what dissatisfaction
existed.
The Treasury has made compare
lively few technical mistakes. Its
failure has been as department
for the control of finances, but that
dates from pre-war days.
A general weakening of stock ex-
change prices is foreseen by your
correspondent, who regards the
bond issue as an occasion rather
than a cause. Price making is diff
cult in some sections and often bar
gains are required for negotiation
.Jobbers cannot depend on free bank
ing support. -,
Tomorrow Common Sense" Will
publish an interview with a leading
metallurgist, warning the City that
il will lose it's position as the centre
of mining finance if the war income
tax continues to be applied to min
ing profts-which. of course, In
clude return capital to the investor
Apparently some $500 mining vent
ures have had their chief offices II
London.
Americans arriving here all say
that the Presidential election is ar
absolutely open event. The attitude
of the two candidates toward the
war is pulling the English news
papers. who do not know which tc
back. The Mexican interests, OF
course, favor Mr.. Hughes.
The boot trade here is fully occu'
pied with war orders. The cotton
hosiery manufacturers are now pro
tected from American invasion by
the prohibition Of imports. The
chemical and tinplate trades are
complaining against the export reg
ulations.
Lead products have fallen 20 per
cent from their recent record prices.
The prices of vegetable oils and
edible fats are rising. Cotton oil is
in great demand.
American small tools are becom-
ing common, but are considered less
durable than those made at nome
The demand for bicycles in China
and Japan is growing.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-21
MIR. LOREE SEES
A TRADE CRISIS
AFTER THE WAR
Building of Home De-
fences May Act as
Partial Offset

Gold imports for the fiscal year 1917
are likely to exceed exports by s600,0O0,-
600, L. F. Loree, president of the Della
ware and Hudson Railroad, stated in
an address made yesterday before
members Of the Merchants Associa-
ton. The visible supply Of gold in
this country, Mr.. Loree said, has in
creased over 35 per cent, or from ST.
S87 900 on August /, 1914, to ST.
55O,000,O00 on August 20, 1915. Dur
ing the same time the four principal
banks of Europe, the quasi-govern-
mental banks Of England, France, Rus
STA and Germany, using every practical
artifice to attract gold to their vaults
and to build up their reserves, have
received barely enough to make up for
payments necessary to be made in gold,
even under the present abnormal re-
strictions. These four banks held ST.
570,OO0,0 900 in gold at the beginning OF
the period, and s2,600,O00,O00 at its
close.
With regard to the probable effect
of this change in the credit situation
of this country Mr.. Loree said:
The average annual value Of the wheat
and wheat -four exported from the United
States during the decade from 1905 to
1914, inclusive, was $106.S44.324. At 5
per cent per annum, the yearly interest on
the S3,l65. 100000. which represents TO
date the total of securities repurchased
and Of loans TO foreign countries, would
amount to s15S, 900. Therefore. these
repurchases and loan fiotations have done
much more TO create a permanently IA
vorable trade balance than results from all
the labor and capital heretofore employed
in the production Of the annual surplus
over the requirements Of domestic con-
sumers Of wheat and wheat -four.
At this moment American industry
so Mr.. Loree stated-is abnormally
stimulated by foreign demand, due
largely to the buying of war supplies,
and although
IL u true lflht many OF INC muHiNlOu plAub9
are operating under contracts seeming to
require their full operation for periods run
ming far into the future. he is little versed
in the ways of trade who docs not compre-
bend that the dawn of peace will be the
signal for the cancellation Of most Of these
contracts either arbitrarily. where that is
possible. or upon terms where arbitrary
cancellation has been successfully guarded
against. In either case the effect upon TIE
labor employed will be the same its en-
ployment, along with that OF much q the
capital by which 1t has been made fecund.
will be no more.
In the determination OF the United
States government TO strengthen it's
military and naval defences Mr.. Loree
sees a means TO countersct, in part at
least, the difficulties to be apprehended
from a sudden slump in the demand for
war materials from the European bel
1 ligerents
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-21
Relevant
Information

Anaconda Copper-Selling ex the
regular quarterly dividend, Anaconda
the most active Of the copper issues
yesterday, closed nearly point up on
a turnover of 22,4OO shares. The COM
pany is paying dividends at the rate
of IS year on the S116,562,OOO OF
$50 par value capital stock outstand-
ing. Anaconda now produces copper
at an average cost of 10 cents a pound,
so that its profits a share on 2c-cent
metal, the present level Of the mar
ket, may Be estimated at approximately
S25 a share. Output last year was
254,311,000 pounds. A new monthly
record for production was set in April
last, when 33,3O0,OOO pounds came
from the Anaconda properties. In the
summer output fell off to around 2S,-
600, 900 pounds a month, but is again
amounting, with 29,4O0,O00 pounds in
September. The company has recently
added a new zinc concentration % its
property which, with units already IN
operation, will bring Anaconda's out
put of spelter up to 100000 pounds
a year, making it the premier producer
of the high grade metal. New zinc
properties in Idaho and California
have been quietly acquired to feed the
new smelter.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-21

The above rates express the cost OF
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling for s4.75it, the intrinsic par
ity is s4.S69s per pound. Thus, you
say either that pounds are at dis
count or that dollars are at pre-
MUM, which is owing to the fact that
in England the demand for dollars
with which to settle accounts in this
country is greater than the demand in
this country for pounds with which to
settle accounts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-21
japanese Shipping Profits

Directors Of the Togo Kisen Kaisha.
one Of the largest Of the japanese ship
ping lines, at a meeting held recently
in Yokohama recommended a dividend
Mt the rate Of 10 per cent per annum
for the first half Of the current fiscal
year. Net profits of the company, which
operates several steamers on the Pa
cifc, amounted to 81 $685. 1896 in the half
year, compared with $503,2l5 in the
preceding six months. The company has
set aside $498,600 for the payment of
accounts due 10 shipbuilding yards.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-21
New York
Toledo & Ohio Central Loses SUIT ~

Toledo & Ohio Central Loses oSsr,i
A verdict for Sl,547,9s2 was le..srday
in the Supreme Court cIsntrsl
against the Toledo & ohio, cssriss
H. Ha ssSyn. Richard IL HigSi1s: rs. an. :s. ID
s. Wing. The verdict is the ,SsJersi
large one that has been r,si,sin .
against tho railway company "; W su,r.
few weeks growing out q ctontinsu.sl
antee OF the bonds OF The SSn"i IN tts
s SEs d eSpi yesterday had l's s, Ss'
Of the coal company, with ~ To
$1,000 each. The guarantee. VI.
bonds by the railway Snrrooposa
given in connection with prsf
Combination of coal prodTe,nsfi ecaIb
critics in Michigan. The Federa' r S.iA
decided that the combination trust
violation of the sherman ,silvss
law, and this was used by the
Coutinv.s ON PsSs Is, cow
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-21
Henry CIews & Co,

II. 10. is. II and 10 BROAD ST.
MEMBERS v. Y. STOCK EXCHANGE
Stocks, Bonds and lnve,tmen, SeeuriSs,
bought and sold on commission. Also earned
on conservative terms. Deposit Accounts re.
ceived subject to check at sight.
Interest paid on daily balances.
BRANCH OFFICES
500 Fifth Ave. s53 Third Ave-
1922 Broadway s6 Warren q,
so Union Square Is Court St, Bkyn
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-21

Great Britain is banker, purse
bearer and purveyor. She is fnan-
cially responsible for the cause of
the Entente Alliance. She COM
mands its gold and parcels it out in
the neutral countries, in a manner
best calculated to keep interest rates
low and bank credit abundant. She
has the power to let and hinder
trade; therefore, she controls it. She
buys the wheat for all. She buys
most of the ammunition that has
to be bought in neutral countries,
besides selling a great deal of her
own. She shops for her allies and
lends to her allies. They owe her
already more than $4,000, GOO.
That is for goods which she has
either furnished directly out of her
own surplus production or bought
fer their account in the neutral coun-
tries. AS banker, she takes the
promissory notes Of her allies and
sells her own credit in foreign lands
AS merchant, she uses her own credit
in foreign lands to buy goods which
are supplied to the Allies on credit
that is, on their promissory notes
II is an extraordinary business. Two
Of her allies have been borrowing or
their own account besides. They are
Russia and France. But the amount
of all their borrowing here is small
in contrast with the enormous ad
vances made to them by Great Brit
ain.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-21
Frida,s October 20, 1916

When Mr.. McKenna, Chancellor OF
the British Exchequer, says eve he
NAV mean either England alone or
England and her allies. On being
criticised Thursday in the House of
Commons for what has seemed to
many people the financial extrava-
gance of a 6 per cent rate of inter
est at home, he said: at must be
remembered that we have to pay
considerable amount day by day in
the United States. At present we
have to find 100000 for every
working day" He must have meant
in that case the Entente Alliance, and
not the English people alone. Ac-
cording to the Chancellor's own lat
est estimate, the war is costing Great
Britain five million sterling a day
(S25, 000,000). This includes ad-
vances of IA million pounds sterling
a day (s6,25O,OOO) by Great Britain
to her allies. Thus, the net cost of
the war to Great Britain, according
to the most recent figures, was 81
million pounds sterling day. That
would be S1S,750,000. To suppose
that on this basis her own expendi-
lures in the United States were $10,-
100000 a day would seem absurd.
Obviously, the sum of $1O,OOO,OOO
day mentioned by Mr.. McKenna as
having to be found daily to pay for
war goods in the United States rep
resents the aggregate OF the Allies
buying. That would check up with
the figures of our export trade. In
August our exports to England,
France, Russia in Europe and Italy
were S315,000,000, and our imports
from the same countries were only
S4O,OO0,000. That is to say, we sold
to those countries in August S275,-
100000 more goods than we bought
from them, which is very close to
S1O,OO0,0O0 each working day.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-21
ANDREW J. MCCORMACK, Auction.sr,
REGULAR AUCTION SALE,
STOCKS AND BONDS,
BY ADRIAN ii. MULLER s son,
OFFICE, NO. So WILLIAM ST
WEDNESDAY OCT 25 1914

WEDNESDAY, OCT rs, 1915,
at 1880 O'clock az the
EXCHANGE SALESROOM
NOS. "a AND Is VESEY STREET.
FOR ACCOUNT OF EXECUTORS
$4,000 Atlas Portland Cement Co. LIST Mtr.
go s. f. BIDS. 1925.
$4,000 Brooklyn Heights r. r. ist Mtg.
SO BIDS. 1871.
5 shs. Alaska Klondyk. Gold Mining
IS shs. Yukon. Cariboo. British colum.
bia, Gold Mining Development Co.
20 shs. International Eleyatins Co.
so shs. United Yukon Co. Ltd.
6 shs Peoples Trust Co, Brooklyn
s shs. Quantuck Water Works Co.
IT2 shs Farweli Consolidated Mining Co.
S26 shs. Adams Prospecting Co.
rs shs. Mecox Bay oyster Co. Ltd.
rs shs. Nicaragua Trading co:
FOR ACCOUNT OF TRUSTEES
$4,000 Fentress Coal & Coke Co. LIST N,S
SO BIDS. 1926.
200 shs. Pennsylvania CenTnt Co
FOR ACCOUNT OF ADMINISTRATOR
200 shs. Majestic Mines y.
800 shs. Horn Silver Minitg Co.
50 shs Keokuk & Des Moines Rvy.
Prefd.
shs. Michigan Central R.R
100 shs. Hooking Valley Products Co
V. T. c.
$1,000 southern Pacific Co. "a Bond. 1913.
FOR ACCT OF WHOM IT MAY CONCERN
200 shs. United States Finishing Co.
Common.
IS shs. Canadian Top Co.
q shs. Unity Building Trust
80 shs. Sheepshead Bay Speedway
Corpn. Common.
1851 Texas < Pacific Ry. LIST Mtg Bond
Scrip.
sl5s Texas & Pacific Ry. % Mtg. Bond
Scrip.
100 shs Urban Water Supply co.
$50 shs. Urban Water supply Co.
20 shs. Standard Paint Co
FOR ACCOUNT OF TRUSTEES
80 shs. South Mills Co. O.. -.
1000 shs. Sabula & Marion Rgy Con-
struction Co. Scrip Stock iowa.
720 shs. Northern Pacific r. Il. Common
500 shs. Milwaukee Iron Co. (Nisc),
1856 Missouri, Kansas & Texas Rny. "a
Mtg. Income Bond Scrip.
1000 shs. Bonanza & Union Tunnel
Mining Co. (N ".
100 shs. West Side Elevated Patentss
Rwy. Co. OF y. Y city Common d.
80 shs. West Side Elevated Patented
Rwy Co. OF y. Y city Prefd.
500 shs. Des Moines Valley K K Co
Gowa).
SIS shs. National Trust Co. OF y. 7.
$641.66 West Virginia Scrip.
1900 shs. Minnesota Railway ConsifVe'
ton Co. (Minn).
Trust CT. for 640I5. 600 Interest In Hast
ings & Dakota Rwy. co.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-21

In few months more, at the rate
at which it has been going, Great
Britain will be selling more than she
buys. She will be lending more to
her allies than she borrows on her
own credit in neutral countries. She
will have the balance on the right
side Of the books, and of all the ca
lamities that have happened to Ger
many this will be the very worst.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-21
DIVIDEND NOTICES.
THE TRENTON PoTTERIEs co.

ITtHtuHl y u - 10 WV
DIVIDEND NO. ST.
At meeting OF the Board Of Direc.on
held this day, a dividend Of ONE AM :
HALF PER CENT GiaS) was declared :.
the Non-Cumulative Preferred Stock OF tss
Company. payable october rs, 1917 =,
stockholders OF record at o'clock :. n.
october 10, 1916. Transfer Books 90 w
close.
c. f. LAYTON. Secretary & Treasurer
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-21

more than $4,000 900, according to the
estimate Of Dow, Jones e. Co.
The Dollar in Foreign Exchange

Rates on both London and far''
hardened slightly yesterday on further
gold imports and definite reports re-
earding new credits. Italian exchange
on the other hand, was very weak WIN
lire checks dropping to 6.52, compared
with 6.494 on Thursday.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-21

There has been much conjecture as
TO the amount of securities "mobil-
lied" by the British Treasury to be
sold or pawned in foreign countries
for the purpose Of financing imports.
AS collateral for the s250,000,000
loan placed here last summer secur-
tiles to the value Of $300,000,000
were pledged, consisting one-third Of
American things, one-third of Cana
dian things and the remainder Of the
issues of neutral governments.
Whether this transaction made seri-
Gus iAroads upon the British govern
msnt's resources in negotiable securi-
ties, called. out Of the hands of Brit
ish investors, no one knew. Accord
ing 10 the conservative Bankers
Magazine" it did not. In the Sep
TENDER number appears the definite
statement that afterward the gov
eminent still had securities 10 the
value of $4,000, OO0,0o0 Of charac-
ter negotiable in neutral countries,
meaning, Of course, in the United
States principally. Immediate and
arbitrary jurisdiction over that
amount Of neutrality-suspicious.
evidences Of wealth in all parts Of
the world-has never existed before
in the hands Of government, syndi-
cate or individual. II is another
item in the list Of incredible things.