davidaulloa/AmericanStories huggingface dataset:
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-08-24

Wha'eR7 G-.2tta0s on Changer
~ $751; Aug. %. 1916
t2-~ aHs eHod not to thrash
'aaa- st~r
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-08-24

Score by innings: r.
Cleveland .............200 Dol oo0-s
Boston ...............o0 600 500 4l'-T
Summary: Two base hits--Turner
Lewis. Ruth. Three base hit--Gandil
stolen hases-Speaker, ONeill. Sacri-
fee htte-WaIker. Hooper. Double
plays--Wamhy to Chapman to Gandil:
Klepfer to O'Neill TO Gandil. Bases on
balls-On Boehling, /; off Coveleskic.
?. off Leonard, 2: off Gould. !: off KEEP
fer. 2. Hits-On Boehlins, in Ia
innings: off Coveleskie in 3: of
Leonard. s In 7; off Ruth. in 3; Off
Klerfer, in "a Hit by pitcher
BY Boehling. Cwalker). Struck out
BY Leonard, 8: by Ruth. 2. Passsd
balls--CarriRan ~. UmpIres-Evans
and O'Loughlin. Time--2:05.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-08-24
Totals ......35 3 "a IS ]
sRatted for Klepfer in ninth.

'"Batted for Carrigan in seventh,
Slated for Leonard in seventh.
IRAN for shorten in seventh.
xRan for Thomas In seventh.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21
BIG GAIN IN OUTPUT
OF STEEL FOR EXPORT
1915 Total Exceeds Previous
Year by SIP Per Cent.

The production OF blooms. billets
and other steel for export In 1915
showed an increase OF 5l1.94 per cent
over 1914, according to the iron and
steel statistical report of the Ameri-
can Iron and Steel Institute. covering
operations in the United States last
year.
Production of pig iron of all grades
Is placed at 29,Jl6,2l3 tons, an in
crease OF 2s.22 per cent over 1914;
steel ingots and castings. 32,l5l ,036
tons, an increase OF 1914 per cent;
rolled iron and steel rails. an In
crease Of 1892 per cent; plates. 1919
per cent; merchant bars, 63.70 per
cent; rolled forging billets, 1928 per
cent.
The total Of blast furnaces In the
country is given as 4i9. with a total
capacity Of 45,7l6.325 tons annually.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21
DRIGGS.SEABURY
BREAKS IL POINTS
Interesting Explanation Attrib-
uted TO a Director.

Shares Of the Driggs-Seabury Ord
nance Company. which on Monday sold
as high as 1l9% following publication
of an enthusiastic description of the
advantages OF the Lewis machine gun,
broke violently yeste rday from an open
ing price Of 10S 70 95. The close Tues
day was 1l2. Yesterdays net decline,
therefore, was II points. The following
statement was attributed TO director
of the company by Dow, Jones & Co.'s
news agency apropos OF the market
action of tho stock:
A director OF the Driggs-Seabury Ord
nance Company says he is as unable TO ex-
plain the decline Of II points in the quota
ton Of that company's stock to-day as he
was To explain the recent rise. He asserted
positively that neither movement was due
70 operations Of 'insider.'
IL is stated that one house which Is
credited with having sold large amount Of
tho stock Just before the dividend was
passed did not dispose OF q share.
The director in question said that ship
ments OF Lewis machine guns were going
forward regularly at the rate Of twenty five
day, and that satisfactory progress on
the filling Of the order for field guns being
executed at the Sharon plant was being
made.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21
NAVY FIRST IN
STEEL MARKET
Leading Companies Give
Notice Government Con-
tracts Will Be Favored.

Announcement has been made by both
the United States Steel Corporation and
the Bethlehem Steel Company that all
government work will receive prefer
ence over contracts from other custom
ers, more especially orders for steel re-
duired for the building of ordnance
and battleships, and that such orders
will be booked at market prices, i. e.,
the official base, without premiums OF
any kind.
The Carnegie Steel Company has
likewise notified customers that the
United States government will be given
reasonably first choice" on contracts
for steel needed to carry out its naval
programme. Independent manufacture
ers of plates in Eastern Pennsylvania
are expected to take the same stand.
II is estimated that plate mills could
book orders to-day. had they the ca
pacity. for between 100000 and 100000
tons more of marine steel.
An indication Of the enormous press
uro for ship plates, or, indeed, for any
kind Of plates, for the construction Of
tanks, locomotive and other boilers and
for structural purposes is the sale
made by the Lukens Steel Company in
the last two days of all the odds and
ends of plates carried on to Philadel-
phia yards, said to amount to several
thousand tons, at 6 cents per pound.
The recent contracts for ship plates
calling for deliveries for the second
half Of next year have been made at 4
cents per Round, (. o. b. mill. Foreign
governments, especially Italy and
Japan, are still endeavoring to place
contracts for marine plates with
American mills for any delivery for
which orders will be accepted.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21
ALLIED COPPER DEAL
ABOUT TO BE CLOSED
Huge Tonnage of the Metal To
Be Taken for 1917 Delivery.

Negotiations for the purchase by the
Allies of more than 100000 900 pounds
of American copper for delivery in 1917
have reached stage where an early
announcement is expected, according to
gossip in the metal trade.
J. p. Morgan e. Co. are handling the
transaction. 1t is expected that sew
eral companies will participate.
Difficulty in arranging a price salts
factory to the purchasers is understood
to have delayed the closing of the con-
tract. Yesterday it was reported that
a price of around 26 cents a pound had
been practically settled upon. This
compares with price on copper for
November and December delivery of %
cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21
BANKERS ABANDON
MUNITIONS PROJECT
Turn S4O,OOO,OOO Shrapnel Con-
tract Over to the Baldwin Co.

A powerful group of Wall Street
bankers, who soon after the outbreak OF
the European war organized the Eddy
stone Ammunition Corporation, to man
ufacture munitions for the Allies, has
turned over a S4O,000,OOO shrapnel con-
tract with the Russian government to
the Baldwin Locomotive Works for COM
pletion. The moving spirit in the for
nation of the ammunition concern was
A. H. Wiggin, president Of the Chase
National Bank.
The Baldwin company takes over the
contract on a cost percentage basis
The bankers are relieved of their OBJ
legations under a S10,00O,OOO bond
which obligated them to furnish funds
to complete the order. The signatures
on this document were understood TO
have been guaranteed by J. P. Morgan
& Co. The ammunition company had
a nominal capital of $4,000.
By turning over the contract to the
Baldwin company the bankers forego
any profit that may accrue from Its
completion. On the other hand, they
are no longer liable for the delays that
influenced them to abandon the making
OF ammunition. Trouble was expert
enced by the Eddystone company in the
execution of the contract right from the
start. A. result Of inspections by
Russia's representatives here, numerous
changes had to be made in specltica-
tons.
Finally the bankers, when Russia
requested a further bond to cover the
completion Of the contract, declared
that they did not care to go through
with it. The Russian government
thereupon suggested that the contract
be given to the Baldwin Locomotive
Works. This was agreeable to the
Eddystone stockholders.
II is understood that the original
contract with the Eddystone company
called for a percentage profit OF IL
per cent on the gross contract, and 1t
is believed the Baldwin company takes
over the business at around the same
figure.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21

In the last hour, after nominal
weakness through the whole active
list under the selling principally of
Wall Street commission houses, cop
per shares began suddenly to be
bought. The stock upon which the
buying converged was Anaconda.
This probably was not a sponta-
neous development. II might be
called demonstration" designed TO
attract the attention Of buyers who
are reached through the eyes. Some
times it is very effective to make
one group of stocks conspcuously
strong in a weak market. At al
events, the buying Of copper shares
attracted an extravagant amount Of
attention and changed the tone Of
the market at the end. There is
highly concentrated speculative in
terest in copper shares. Attempts
20 broaden it have been singularly
bafled. The imagination has been
cheated by realities, and people, j,
may have been. observed, are dis
trustful Of realities in speculation.
News of the placing Of enormous
foreign contracts was not unex-
pected.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21
such letters as the following, which

such letters as the following, which
il quotes:
Owing to the fact that our en-
tire output up to the beginning OF
next year is contracted for, we re-
gret that we cannot at this time
comply with your request to sub
nit samples and quote prices. We
cannot consider the question OF
taking on any new accounts at
present.
The Museum reads the manu-
facturer lecture on the subject;
This particular letter was writ
ten by a textile manufacturer IN
the United States TO a prominent
importer in South America, whose
dealings had heretofore been with
European manufacturers. And the
manufacturer who wrote the letter
happens to be one who has been
predicting a big slump after the
war. Without questioning for
moment the accuracy of the manu-
facturer's statement, it is to be
wondered whether he considered
the probability that several months
might elapse before any definite
business could be developed with
his South American correspondent,
by which time, if his prediction was
fulfilled, he might be very glad to
welcome some new accounts. Here
was an opportunity to make pro-
vision against the effects of the
slump which the manufacturer ex-
poets.
There is yet something to be said
for the unresponsive manufacturer
His problems are immediate. He
is about to be swamped with the
business that has overtaken him al
ready. Samples for foreign markets
require time and thought, and as
for prices O., how shall any one
quote prices for year hence? The
effort to develop a foreign trade by
persuasion and propa-
eanda will be baffled in many direc-
tions. If it succeeds at all it will
be remarkable, for one cannot by
recall an instance in which
any people has ever built up a for
eign trade except by force of neces-
sity. 1t has been sometimes the ne
cessity Of finding other places in the
sun for a surplus population, trade
following; it has been sometimes the
necessity of finding investment for
surplus wealth, trade following
again. and it has been sometimes
the simple vital necessity Of ex-
changing a surplus Of goods in one
kind for a surplus Of goods in an
ether kind, and that is trade itself
We lack any of these incentives
Foreign trade is desirable and per-
haps profitable, but not in any ABB
solute sense necessary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21
Wednesday, September 90, 1916.

The stock market boils merrily,
and will some time boil over, as
everyone knows from forgotten eX-
perience. The walls of the cauldron
are imagination; the fuel is cheap
money. The content is a magical
substance Of which there has never
once been enough. 1t is transmit
able into anything in the world one
wants, and human wants are un-
limited. The delusion is that the
containing walls can be wished
higher and higher while the fire Is
made hotter and hotter, until at last
there will be for every man his own
measure running over. This has
never happened, and never will, but
faith in the unattainable is without
end.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21
LABOR DISTURBS
LONDON MARKETS
Conversion of United
States Investors Re-
garded as Slow.
BY FRANCIS W. HIRST.
[By Cable 10 Ths Tribune

London, Sept. 20.-Controversies
between capital and labor have un'
settled the stock markets and the in,-
pending issue of the French loan "
Paris does not help our securities,
but in any case the sagging tendency
would be almost irresistible when the
output of paper securities is so enoc-
mously in excess of the normal de-
mand. However, it is satisfactory to
see the small investors demand fo-
war saving certificates steadily grow
ing to quite a substantial volume.
Henry p. Davison's interview
cabled here, deals Interestingly with
the capacity of America to under
take further large commitments. He
insists foreign loans are a novelty
and that the process Of converting
American finance from a national to
an international outlook must be
slow, as Americans are only slowly
realizing the assistance which for
eign loans give TO foreign commerce.
Dawson Warns of Future.
In spite, therefore, of the crafty
ing success of the Anglo-French
loans, he warns us not to be too sure
of further large aids.
Some experts here think that the
United States is perilously prosper
Gus, and that your condition requires
more severe banking diet. | have
been discussing the iron trade with
Sir Hugh Bell, the great Mlddles-
brough ironmaster, who is also Lord
Lieutenant of the North Riding of
Yorkshire. He has become more
strongly opposed to state socialism
ard red tape than ever.
In a recent letter to Hodge, the
neo-protectionist Labor member, ne
estimates the value of the British
iron trade rose from $3.50 ,000,000 in
1907 to $500, 100000 in 1913. He
adds: This trade is of the utmost
Importance; possessing such great
vitality it does not appear to me to
need much fostering care.
81 hope | do not undervalue the
services which have been rendered
by the government departments
when / say that in my opinion the
less they interfere with the iron
trade the more likely it will be to
continue to prosper"
Predicts Free Trade Victory.
1t is quite likely, in my judgment
that the spirit of free trade and Of
free speech will prove invincible, and
that red tape will be thrown off after
the war amid great rejoicings.
Raymond Asquith's death in TIE
field as a lieutenant reminds one
that the Premier has conspicuously
declined any privileges for his tai
ented sons. recollect Raymond's
appearance as a Balliol scholar at
oxford. His cynical vein brought
about the paradox that he became
celebrated both at the Union and in
select societies, where his sayings
and verses were circulated. He was
an ingenious scholar, a moderately
successful lawyer and a gallant SOL
der.
AS a politician I doubt if ne had
his fathers qualities, but as judge
his wit would certainly have supei-
seeded that of Justice Darling.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21

The above rates express the cost Of
foreign money in terms OF the Ameri-
can dollar You buy an English pound
sterling for $i.753i; the intrinsic par
ity is 4.S6Ss per pound. Thus, you
sag either that pounds are at dis
count or that dollars arc at premium,
which is owing to the fact that in Eng
land the demand for dollars with
which to settle accounts in this coun-
try 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, 1916-09-21

There is less manipulation IN the
market than is commonly supposed.
There is hardly any necessity for II.
The natural market is so wide and
deep and credulous that enormous
quantities of stock may be bought
or sold without art, subtlety or prep
aration. Much that is mistaken for
manipulation is but the manifesto
ton of sudden impulses on the part
Of very rich spectators, whose oper-
ations are often, one is tempted to
say. generally. as tickle, irrational
and unprecedented as those of
brokers' 1OO-share client. Much Of
1t. therefore, is mere gambling. The
oddly of the present Stock Exchange
performance is that nobody pre-
tends to be acting on the sense Of
values. To ask what a stock is
worth is a social offence. This is
true not only Of the special things in
which war profits are incalculable
until they are made, but also of i'm
portant securities whose earnings
are susceptible of statistical COM
parison. If you hear man denounc-
ing the speculation in Steel common
you have only to ask him what to his
conservative mind would seem a fair
price for the stock, all things consid-
cred, and he is at a loss how to an
swer. A price is not to be discussed
in that way at all. 1t is something
you see. If you see it, it is so. There
Is no other test.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21
New York

Midvalc Steel Company.-At meeting
of directors yesterday there took place
discussion of plans for providing ad-
ditional manufacturing equipment in
connection with the governments naval
programme.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21

Striking evidence Of the fact that
the limits Of industrial capacity have
begun 10 be touched Is contained in a
recent bulletin from the Commercial
Museum Of Philadelphia. Efforts TO
pave the way for new outlets abroad
are frequently rendered futile by
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21
LEGAL NOTICE

sr1TE OF NEw YoRiK. sS1ryars
STU ,,!F \ SECRETARY or t,,iSsr l -.
IT II + Is HEREBY cEn q !. 4 -
, T1Ssn GS@p.nS Va: ms Il:,,S s.s
S sIs m .H, cr said said company y w,
City &c 'S county and s s.st' s ss :. ~
WI once Of the sscrs secret, ;,as IA
rs.all the city OF Aipsr thsss
''e""' day OF August. one
hundred and sixteen TAFT. 80
sseend DEPUTY ssess n
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21
The Dollar in Foreign Exchange

The foreign remittance market was
quiet, with no changes in rates Of i'm
portance. Russian rubles advanced
small fraction.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21
Money Market Comment.-GatesW W.

McGarrah, president Of the Mechanics
and Metals National Bank, says:
Money conditions continue easy, and
we arc inclined 10 the opinion that there
can be no notable advance in rates so
long as gold pours into tho United
States from Europe. For twenty weeks
past gold has besa sent hither from
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21

Each day this week there has been
heavy selling by commission houses
and individual spectators in the
first. second and third rows. The
buying has come from further back,
and the power Of it has been surpris-
ing. The idea that a reaction In
prices must occur seizes possession
Of the mind. Underlying it is the
temptation to take profits. Brokers
have openly encouraged such selling.
partly because it is prudent techn'-
cal practice and partly for reasons
known best to brokers. Getting out
and getting in again keeps the mar
ket safe" and has the advantage
besides of producing commissions.
The man who has sold his stocks for
n reaction is impatient to be in again.
He talks of the folly of those who
expect a tree to grow quite TO
heaven without stopping to put forth
branches. He is a roaring bear with
out teeth or claws; he is a bear with
horns and hoofs. He can stand 1t
only a little while, and generally he
gets in again at higher prices, con-
soling himself with the thought that
he can make up what he has lost by
increasing his commitments.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21

Below is given the current exchange
value of foreign money in dollars and
cents. together with the intrinsic gold
parity as calculated by the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21

Such fluctuations as have occurred
in the shares Of the Driggs-Seabury
Ordnance Company in the last few
weeks are not in themselves impor-
tant, but they are symptomatic and
perhaps premonitory.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21
News Digest
Foreign

London Stock Market.-London, Sept.
2O.-Money was in better demand and
discount rates were steady to-day. The
Treasury gathered G25,OOO,OOO by vari-
GUS short-term issues last week.
The stock market continued dull. In
vestment business was checked by the
approaching French loan, the unsettled
railway dispute and the fact that money
will be required for commercial under
takings during the fall. Rubber shares
and foreign rails attracted attention,
but foreign bonds and the war loan
dropped and American securities were
neglected.
Money, Az per cent; discount rates,
short and three months bills, 5is to
5Ss per cent; gold premium at Lisbon,
$500.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21
Fractional Lot Service

Orders executed in any amount Of
Stocks and Bonds for cash.
We carry 10. 20 or so share lots of
seasoned. safe stocks. dealt in on any
of the Exchanges. on margin.
On the Consolidated Exchange all
our orders, reports and quotations are
transmitted by signal, afording in
Simultaneous service.
Certified accountants statement of
audit Of our books published quar-
terly.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21
FINANCIAL MEETINGS ,s a
CHICAGO. SAINT PAUL; MN iSeo co
An OMAHA KAILN ~

NOTICE or ANNUAL $50
The Annual Meeting u ~, ins Nss.i;l
q, the Chicago. SAINT Fa-. IN = Z
and omaha Railway Comp4"', /, M CO,
AZ the office ~ the COMPANY. " O,,c,e
Hudson. Wisconsin. on Z fiass', M -
1915. az nine O'Clock \. 81 ,.. 80, q, .
OF directors and the ush.as'' h ~ .
other business IS may eo"'
meeting. 40, D.. closed o,
transfer books vii ne ne -
DAY. September Il. lFl' III = rts5''
' gus S 49, Octo1lr 81. 1915
D"''N' k,iEs T. CLARK. - -
,o,,.. SKlpWELL. secrets..--,. q
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21

Chlcnxn and North Me'ItInr -

NOTICE OF ANNUAL S,..k,f- :
The Annual Meeting = %, v,ssrs =
a, the Chicago and Nofii., :, ~ &,
yyav company will be hf.i - - 3D..
the company. 80 West Js,,s,Nsl,s = ".
in the civ OF Chicago. l..''' ,isyss
dav october 70. 1910, a, nir.sisr
IN Tor the election OF 49,
~. Or transaction Of such o ins,
may come before said ine's..t 20 -
transfer books will b. 49,. >, -
September IS. 1919. n. M he rsopsnsd .
.dav. October 20. 1915. ..,s
Dated. september si,s.roy rr,es
RICHARD n Alshtsy,'y,, i,r 4
John d. CALDWELL 500 4 :,
Ncw YORK. sePi.is'sis, ,s:s..
The Annual Meeting OF IN c0utl
NJ The NAssAKEAG Le.N.ss q NJ
INC.. will be held az the g., YORK 4
thornton. - Bros twsy. Ne" ~ "A
Tmesdev' october "a, 1913 -, n. n
IN. election OF directors - a, "a
Ear vn And such other business ,s.',.,,ns :,
sriv he brough, before ne .np s.ort
cry W ALoNZo Po1ILE
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21
Money andCredit

Money on call at the New York Stock
Exchange ruled at pa per cent.
The market for time funds on
brokers' Stock Exchange collateral re-
mains quiet with a continuance Of the
easier tendency.
Ruling rates on money yesterday
with a year ago were as
follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21
Bank Exchanges.-The days clea
ings at New York and other cities:

SUFFICIENTLY. = New York banks
gained from Sub-Treasury $4,000.
Silver.-Bars In London. 32s
pence; here in New York, 6sts cents;
Mexican dollars, 52h a55A cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21

Public Service Corporation Of New
Jersey.-Directors have authorized the
issue of 100000 Of the recent in
crease Of s25,OO0.0oO in the eompany's
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21
Daily Imports and Exports.

Daily imports and exports Of general
merchandise at the Port of New York
were:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21

Guaranty Trust Company.--Arthur B.
Hatcher. who for the last several
years has been secretary 10 president
Charles II. Sabin. has been appointed
assistant 20 the president.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-21

Paris Bourse. Sept. 90
Trading was quiet on the Bourse to-
day. Three per cent rentes, 81 francs
65 confines for cash; exchange on
London, q francs 80 confines; per
cent loan, 90 francs.