davidaulloa/AmericanStories huggingface dataset:
The Dickinson press., 1916-11-18
SURE OF SEAT IN HOUSE

Miss Rankin's Election to Congress
Beyond Doubt.
Helena, Mont, Nov. 13.-The Repub-
licans of Montana have elected the
chief justice, the superintendent of
schools, the clerk of the supreme
court and the public utilities commits
sioner, but the other state Offices be-
low lieutenant governor will remain
in doubt until the official count. The
election Of Miss Jeanette Rankin,
D">t ':coS - nc, 49, ---..l
doubt, as also is the reelection Of Con-
gresham Evans. Senator Myers,
Democrat, and Governor Stewart,
were reelected.
The constitutional am endment for
statewide prohibition was defeated.
The Dickinson press., 1916-11-18
CHICAGO Live Stock.

Chicago, Nov. Notwithstanding
$4,000; native beef cattle, @ 90;
Western steers, $6.60@1o.25; stockers
and feeders, $4.75@7.9o; COWS and
heifers, $3.75@9.50; calves, $3.50
1900. Hogs-Receipts, $4,000; light,
$s.7609.90; mixed, $9.35010.15; heavy
$s.65@1o.15; rough, $9.65@S.70; pigs,
$6.750s.6o. sheep-Receipts, $4,000;
wsthers, $4,000; lambs, 50. 00@11
The Dickinson press., 1916-11-18
Hughes Gains in California,

Los Angeles, CAL, Nov. ia net
gain of 100 votes was made by Charles
e. Hughes in the first days official
count Of the presidential vote. TWEEN
ty-two errors were discovered, result
ing in Hughes gain of $50 votes, loss
Of fifteen and President Wilson's loss
Of ffty-five, giving the Republican
candidate a net gain of 100.
The Dickinson press., 1916-11-18
Nine Hurled to Death.

Vancouver, B. c., Nov. 14.-Plunging
through the gates protecting a draw,
opened to allow a tug to pass, a Van
couver-Ladner Jitney, driven by
George Smith, carried nine people to
death. Smith was driving to Vancou-
YER at high speed and the supposition
is that in the frosty air the windshield
became clouded and he failed to see
the warning lights.
The Dickinson press., 1916-11-18
WILSON GET} NORTH DAKOTA

Republicans Secure State and Con.
gressionaI Tickets.
Fargo, N. D., Nov. 13.-With prac-
tically complete returns President
Wilson has a lead over Judge Hughes
of more than 800 votes. For United
States senator McCumber defeated
Burke by a majority in excess of 49,
900, while Frazier, Republican candi-
date for governor, defeated Macarthur
by about 4 to /. The delegation in the
lower house of congress remains I'M
changed. The Dickinson normal
school amendment carried by a large
majority.
The Dickinson press., 1916-11-18
MINNEAPOLIS Grain.

Minneapolis, Nov. 14.-Wheat-Dec.,
$1.94h; May, $1.95%; July, $1.S7k.
Cash close on track-No. 1 hard,
$780, No. 1 northern, ST.
94h @1.97B; No. 2 northern, $1.S9B@
1861; Nc. 3, $1.6sA @1.91h. Corn
No. 8 yellow, 94k@ 95kc; No. 4,
90hc. Oats-No. 8 white, 54% @55c.
Flax-s2.S2@2.S6k.
The Dickinson press., 1916-11-18
Duluth Wheat and Flax.

Duluth, Nov. 14.-Wheat-On track
and to arrive: No. 1 hard, $1.99K; No.
1 northern, $1.96@1.99k; No. 2 north
ern, $1.96@1.9Sh; No. g., $1.84k@
1881. Flax-On track and to arrive,
$2.87.
The Dickinson press., 1916-11-18
South St. Paul Live Stock.

South St. Paul, Nov. 14.-Cattle-
Receipts, 4,2O0; steers, $4.50@1O.2b;
COWS and heifers, $3.25@7.5o; calves,
S. .0O@11.O0; stockers and feeders,
$4.25@7.5O. Hogs-Receipts, 1880;
range, $s.75@9.50. Sheep-Receipts,
1,160; lambs, $6.50@11.00; wethers,
$5.50@S.25; ewes, $3.00@6.75.
The Dickinson press., 1916-11-18
Chicago Grain and Provisions.

Chicago, Nov. 14.-Wheat-Dec.,
$1.S6; May, $1.91; July, $1.59A. Corn
Dec, 95%c; May, 96hc; July, $3.50.
Oats-Dec., 57%c; May, 61Rc. Pork
jan, $27.30. Butter-Creameries,
38h 036Mc. Eggs-35@36c. Poultry
Fowls, 14hc; springs, tic.
The Dickinson press., 1916-11-18
GRAIN AND PROVISION PRICES
St. Paul Grain.

st. Paul, Nov. 14.-Wheat-No. 1
hard, $1.9SH@ 2.O1h; No. 1 northern,
$1.94B @1.99A. Corn 94k @95k.
Oats-54% @55c. Barley-80c@$1.16.
Rye-$1.44@1.45. Flax-$2.S2@2.S6k.
The Dickinson press., 1916-11-18
Specialist
For His Sixth Year in North Dakota
Does Not Use Surgery

Will be at
st. Charles Hotel, Saturday, Nov. Is.
Office Hours 9 a. m. to 5 D.. m.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-24

fact, the list of stocks in the COL
lateral behind the loan contains none
of the big speculative leaders in the
present market. United States Steel
common is conspicuous by its abb
sence. About the only important in
dustrial common stock in the list is
American Sugar. Most of the other
industrial stocks are in the preferred
class. On the other hand, there are
such well known railway shares in
the list as Union Pacific, Baltimore
& Ohio and New York Central, Penn
sylvania and Northern Pacific, which
have enjoyed relatively small ad-
vances. While Steel has been ad-
vancing IS points, Union Pacific has
moved up 8 points, New York Cen
trail 4, and Baltimore G. Ohio ..
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-24
The Dollar IN Foreign Exchange

Fluctuations IN the foreign exchange
market during the week were, as
rule. narrow and bore no special out
ward significance. Sterling rates were
again maintained at the so-called peg
prices, with practically no changes OF
Importance. French bills continued to
display frmness. while German eN-
change exhibited a somewhat better
tone, selling from 69', cents to 7o's
cents for four marks In the middle
Of the week Russian exchange deveI-
oped, strength, but large part Of the
advance was subsequently lost.
II you calculate the cost Of the dol
lar in terms Of foreign money that Is
As II you were buying dollars with
pounds. marks or francs its value at
the close Of last week as compared
with year ago would be about as
follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-24
Federal Reserve Banks.

Washington, Sept. %. An increase
for the week Of about 81 100000 in the
banks combined gold reserves and of
about S750,0OO in the aggregate cash
reserves is indicated by the weekly
hank statement OF the Federal Reserve
Board. made public to-day. Consider
able shiftings Of gold between the
banks are shown to have taken place
during the last week. largely through
transfers on the books OF the Gold
Settlement Fund. Gains Of gold are
reported by the New York, Philadel-
rhia and San Francisco banks. In the
case of the New York bank the gain in
gold reserve is due in part to increased
deposits and the liquidation OF accept
ances and Treasury notes.
Transactions in United States Sc
curities are reported by three banks,
resulting in an increase Of $685., 900
in the amount Of United States bonds
and decrease Of 100000 in the
amount of one-year Treasury notes
held.
Government deposits show a net de
crease for the week Of about S250,000
New York and St. Louis reporting con
siderable Withdrawals Of government
funds. Net member bank deposits in
creased over 100000. the larger gain
reported by the New York bank being
offset 70 some extent by substantial net
Withdrawals from the Chicago and
Dallas banks.
Federal reserve bank notes in circu-
lation decreased about 100000 during
the week. Federal reserve agents re-
port a total Of 5000 ,77sOOO net Of notes
issued, an increase Of S7,2iS 900 for the
week. Against this total they hold
Sl93.110,0O0 Of gold and 1881 600 Of
paper The banks reports indicate II
total circulation of Federal reserve
notes Of Sl91 $4,000. Their aggregate
liabilities on notes issued by the
agents is stated as Sl4,605,000.
The Federal Reserve Boards state
ment of the combined resources and
liabilities of the twelve reserve banks
on September 10 follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-24
KANSAS CITY THE
MECCA FOR BANKERS
American Association Will Be in
Session This Week.

Important banking and financial de-
yelopment Of the last year will come
up for discussion at the annual conven-
ton Of the American Bankers Associa-
ton which will open Monday at Kansas
City. The meeting will continue in ses-
sion for the remainder of the week.
New York bankers who are members
of the association left yesterday on n
special train over the Pennsylvania
road to attend the convention. There
were about $50 in the delegation The
same train also carried delegations OF
bankers from Connecticut, New Jersey
and Pennsylvania.
The membership Of the association is
now over $4,000, all sections of the
country being represented, and the at
tendance at the meeting this year is eX-
pocted to be usually large.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-24
Sl5,OOO,O00 FRENCH
CREDIT COMPLETED
Bankers Announce Closing of
the Participation Syndicate.

William p. Bonbright G. Co., syndl-
cate managers, announced yesterday
the closing Of the American syndicate
participating in the Sl5,OOO,O0O French
credit arranged by them last week.
Like the two earlier credits of similar
amounts negotiated by the banking
firm in conjunction with the Bankers
Trust COMPANY, the lean is 20 be utll-
lied by drafts drawn by French bank
ing houses on American banks.
The drafts are then either held by
the banks themselves or sold, or, If de-
sired. they may be redscounted in the
Federal Reserve banks. The proceeds
then are available in dollars and will
be expended only for American prod
ucts exported to France. The drafts
and their three renewals run for one
year. and their payment at maturity Is
provided for not only by tho obligation
of the French banks drawing the
drafts, but also by pledge to Bonbright
& Co. Of French government one-year
notes Of. identical maturities. Their
official statement is offered
Owing to the form Of credit, represented
a. it Is by bank drafts and not by defni-
tive securities. the credit will be entirely
supplied by American banks. and there
will be no public Offering or distribution
The drafts are an attractive form or
liquid Investment for the principal Ameri-
can banks owing 10 their availability for
rediscount in the Federal Reserv, System.
The American managers report that the
credit was much oversubscribcd.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-24
AMERICA EQUlPPING
WORLDS RAILROADS
Car and Locomotive Builders
Swamped by Foreign Orders.

Announcement in The Tribune last
rr;dov that the steel mills Of the
country are confronted with proSpee-
tive orders from the Allied govern
ments Of approximately 100000 TONS
the bulk Of which is intended for the
manufacture Of railroad equipment
has brought forth an interesting ex-
PLANTATION of the big increase IN Tor
eign inquiries. This is made by
Charles VI. Muchnic, manager OF the
foreign department of the American
Locomotive Company.
while the Entente Powers, SAID
MIR. Muchnic yesterday, were sup
piled with enough railroad equip
ment TO carry them through the early
period of war. the terrific wear and
tear caused by the transportation OF
troops and the conversion of practi-
cally Ill the equipment plants into
makers of munitions exclusively have
compelled the Allies. particularly
France and Russia. to come to Amer
lean manufacturers for large num-
bers of locomotives and cars, as well
as rails and other railroad supplies"
Mr.. Muchnic estimated that the
total foreign inquiries pending in this
market, in addition TO orders already
placed. have q value of between $llO,-
COO,OOO and S125, 100000 Besides France
and Russia, Finland and Spain want
large tonnages of railroad equipment
from American manufacturers.
The American Locomotive Com
pany's expert predicted that the for
eign demand for our railroad equip.
ment will continue for at least year
after the end Of the war. In the in
term, he said, Belgium probably will
be added to the list of Allied coun-
tries to enter this market as buyers
OF locomotives, cars and supplies, as
the Germans wrought destruction OF
the railroads and Communicated much
Of the equipment when they entered
the country. Germany must be driven
out of Belgium and Northern France,
however. before this new influx of
orders will he felt, Mr.. Muchnc said.
Concerning post-bellum conditions he
added:
within a year or two after the
war is ended Europe should be able
to provide most of its own equip
ment. but American manufacturers
need not fear any great slackening in
the foreign demand. because new mar
kets are constantly opening up in
South America. China and Africa.
Sales to those countries, in my opinion,
will prove TO be an important Offset
TO the loss Of business that must
necessarily follow a cessation Of hos
tilities in Europe"
In addition to the unprecedented
foreign demand for railroad equip
ment, domestic business. Mr.. Much
ric said. has shown big improve
ment during the past few months.
With their record earnings the equip
mcut companies are placing them
selves in an excellent position to
meet foreign competition after the
war.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-24

rorrow or next year. 1t is one
thing to a man Of thirty and an
other to a man of sixty. There is
no such thing as a present genera
ton definitely distinguished from a
future generation. People are con-
tinuous. When the war ends peo-
pie all together will begin to pay for
it, provided it is not too much TO
pay. The only certainty is that they
will not pay more than they can
afford to pay. If the load of de-
ferred war cost becomes too great
it will not be paid. Moreover, II 1t
were too great the creditor could
rot afford to exact payment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-24
OF
PACIFIC RATES
Slump Salutes the Happy
Restoration of the
American Flag.
Washington, September q.

simultaneously with the publication
of an optimistic report on transpaeis,
shipping by the Bureau Of Foreign and
Domestic Commerce Of the Depar,rsr,
of Commerce. the United States con.
sulsr official at Hong Kong writes Of
serious Generalization in shipping con.
dtions in Far Eastern waters.
This report of the Bureau Of FOREIGN
and Domestic Commerce characterize.
the recent purchase Of three large shin,
by the Pacific Mail Steamship Compauv
as marking "the turning point in III.
fortunes Of American shipping on IN.
Pacific" As to the future Of American
shipping in those waters the bureau /.
not so sure. whether American shin.
ping viii fully regain It's former stand.
ing on the Pacific cannot now be def.
nitely foretold.' it says. but there !,
no further danger of the flag disappear.
ing in that quarter"
But freight rates in the Pacific ar.
rot what they were a few months ago.
As more ships have entered the servie.
the volume OF freight moving hs,
slackened. The United States eonsr.
lar Office at Hong Kong, in discussing
this phase of the situation. calls stter.
ton to the sharp decline IN tran,
pacific freight rates IN August. when
rates comparable with those obtained
previous TO the war were quoted Gen.
eral business slackness IN the Far
East" it said, due to some extent 10
the high value Of silver exchange.
which prevents the sale Of Chinese
products abroad to advantage, has re.
suited in a marked decrease in the
movement Of produce As usual under
such circumstances the subsidized jap
snese lines have cut rates. Several
large tramp steamers have come into
the market for cargoes. and additional
tonnage has been offered from other
sources. The result has been a gen
ersl collapse in rates eastward. which
is likely 10 obtain until some Of the
tonnage now in service on the Pacific
is transferred 20 other routes and
until change in the silver situation
permits q renewal Of active export TO
the United States and Canada. Rates
from Hong Kong and China ports TO the
United States and Canadian overland
common points al the present time ale
omen and competitive"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-24

The above rates express the cost OF
foreign money in terms OF the Ameri-
can dollar. You buy an English pound
sterling for s4.75ii; the intrinsic par
ity is s4.s65s per pound. Thus, you
sag either that pounds ere at dis
count or that dollars arc At n premium,
which is owing TO the fact that in Eng
land the demand for dollars with
which to settle accounts in this couu-
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, 1916-09-24
Sweden's Lumber Industry.

Lumber, wood pulp and their manu-
features make up nearly half the total
exports Of Sweden. The state-owned
forests show net profit of approx
mately 100000. The Swedish lum-
bering industry ~ conducted scientil-
cally and is under rigid supervision.
Timber cutting for sale may not be
undertaken before the state foresters
have marked each tree ripe for sale,
and only a certain rumber are marked,
so as not to endanger the future Of the
industry
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-24

Curiously enough the beginning Of
the current upturn in the stock mar
ket, with It's accompanying large eX-
pansion in speculative activity, dates
hack 20 mid-August, when the $780,
100000 British loan was brought out.
The coincidence is interesting. or
The $500, 900, 900 collateral pledged
behind the loan, S1O0,000,0O0 con-
sisted Of American railroad and in
dustrial stocks and bonds. The pawn
ing Of these securities took them of
the market temporarily. The British
IN the terms Of the loan retained the
right Of substitution. In other
words, they could withdraw such col
lateral as they might wish TO sell and
substitute other collateral for it. No
one but the bankers can say whether
this has been done. As matter Of
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-24

The present bull campaign in the
stock market is now entering upon
It's second month. II seems to gather
momentum as it proceeds. Million
share days are no longer a novelty.
There have been fifteen consecutive
sessions in which dealings have eX-
oeeded the million share mark. The
average price Of the leading indus
trial shares has risen from 95 TO 10l {;
the rails from 1l9 TO 122. Some Of
the more important industrials have
registered extreme gains. United
States Steel. for instance, has risen
more than 25 points within period
Of four weeks.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-24
Total mdse. 81, Osi. 500, 73i siss, s72, 322

While extravaganza usually accom-
panies national prosperity even in war
time. monthly bank statements show
that the Canadians have saved a good
share of their war profits. On Au-
gust 81, 1915. the chartered banks held
deposits by the public aggregating ST.
026. SOP 800. On July 81, 1916, those de-
posts amounted to l,22l ,322,l07. In
the intervening eleven months the peo-
pie of the Dominion increased their
deposits with the banks by Sl9i,7i9,30Y
in addition to paying up the first war
loan Of Sl00,000,00O Part Of the gain
was derived from the loan itself, be-
cause the money was spent IN Canada
for supplies and services.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-24

Allow for the fact that owing to
the stamp tax and to the moral dis
approval of the Stock Exchange
there is less pure swapping of stocks
between professional traders on the
floor than was formerly included in
the record of million-share days, and
the assertion will stand that the
stock market of the last two weeks
has been the widest and biggest in
the history of Wall Street. The big
gest stock has furnished the most eX-
element, namely, United States
Steel common. Never before was
there such market in one stock, on
the New York Stock Exchange or
perhaps anywhere else in the world,
as existed last week in Steel COM
mon. This has to be proved not by
the transactions alone, which were
IL million shares, nor by the rise in
the price, which was 914 points, but
nv the testimony of those who were
in it and who by long experience
know a market by sense Of feeling.
There was a market on which you
could buy or sell at any time prac-
tically an unlimited quantity Of stock
without let or hindrance. II was,
in fact, what your Stock Exchange
expert calls a natural market. That
is one which is neither created nor
influenced by manipulation; it is one
produced entirely by the rational,
irrational. conscious and unconscious
reactions of thousands Of people with
their attention focused on one daz-
cling and rapidly revolving object. it
is a much more fascinating thing TO
watch than a hand made market,
which is a game between the manip-
ulator on one side and the public ON
the other. II is a game in which
the gambling public always loses.
More important is the fact that it is
game in which the manipulation
ultimately loses, too. There is no
profit in gambling. Therefore, the
distinction between a natural and a
manipulated stock market is tech
nical and not moral. Gambling in
one will ultimately be as Improbable
as in the other. And this present
natural stock market has its full con-
tent of pure gambling.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-24
LEGAL NOTICE.

STATE or HEW YOKK-OFFICE or
TIT fECrETAHT or STATE. s..
90 Is H.hEBI CERTIFIED. int ~
frsds-mara 'GEAEEAhE.f - swan 4
Finch f9mpsny. VAS this day PLACED on
dc in fhs onrr Tho principal place Of
busirsrs ~ rald Company ia l0csfed -
20 80 Tf1adaay Borough ~ Manhattan.
cry. C1lriy and state ~ New York
KITaEf1 rV haud and tho zeal -
once ~ fhe secretary u state a.
fs4alI flr Cfy - Albany. Ibis fhirile'h
osY - August one th0urand nine
hundred sn4 sixteen.
o. ~ TAFT.
gsrorG Ifyafy fecrsfars - hfsfe
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-24
Diamond Industry Reviving.

There are indications of an early re-
viyal of the South African diamond in
dustry, which has been closed down
since the beginning Of the war. The
directors Of the Premier Mine. near
Pretoria, recently decided TO start
work again on n small scale, limited TO
about % per cent Of the normal OPP
crationA
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-24

Representative Of the Entente
Popers are buying horses a. National
rtoekyards. Illinois. ~ the rate Of 800
q ueek Since the war started u Is
animated hat 2I9.O00 horses have been
sold 20 the Allies. a. 8 cost Of $780,
90. 600.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-24

The increase Of t14,255,ooO in the
loan item was not unexpected in view
II the large scale of activity in the
stock market during the week As 4
natter Of fact. larger increase would
rot have surprised. An increase of So
$4,000 in surplus reserves was the
largest since July l..
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-24

Below is given the current exchange
value Of foreign money in dollars ami
cents, together with the intrinsic gold
parity as calculated By the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-24
DIVIDEND NOTICES.
IRVING NATIONAL BANK, NEW Jun"

Vow York. septembcr l'i''
The Board OF Directors m', "a
d,y declared quarterly dN'', .s-
of Two Per Centum & - ." NJ,
capital stock of this bAnk r.. Ft hooks
October I'd. 1910. Transfer r 9''I
will remain closed from o''lo. -
p. NJ, September 1iSL 10 .o,o
O'Clock A. ", October ID Nv
IF. Bouker, Cashier
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-24
BUILDING COSTS
ARE DISREGARDED
Large Orders for Structural
Steel Placed at Higher Prices.

Building costs are disregsrded %
those manufacturers who are 50 del
uged with orders that they are forced
to make extensions TO their plants ana
the demand for structural steel keeps
on the increase, with prices tending
steadily upward.
Additional contracts placed ior
structural shapes in the lastweeS rep
resent about $4,000 tons, which BRING
the total of September orders 80 Tar
up to approximately 100000 tons.
These orders are for building material
wanted for plant extension, bridge
building and the construction Of co"
and ore docks.
Railroads arc paying record prices
for new equipment Fifty-ton cars
which a year or so ago were selling oe'
low 81 600 each, are not according 70
report. obtainable now below S-'lv'
This increase results largely from |"
advance in the price Of steel pla'"
during the last year from Sl.5o TO ;"
more per 100 pounds.