davidaulloa/AmericanStories huggingface dataset:
Norwich bulletin., 1916-07-29
ATTORNEYS -AT-LAW
YESTERDAYS RESULTS,

National League. Boston g. Chicago | Philadelphia 3, Pittsburgh 2. Nev York 3. ciacianatl g. Io inninss,l
 American League. New York 5. Chicago 3. st. Louis 8. Philadelphia G. Detroit 8. Washington Q. Boston g. CleTea1d 2,
 International League. Montreal 10. Rochester l. Richmond Providence rain Toronto 3. Bufalo ?. Second gamel Newark Baltimore postponed
 Eastern League. Har+ford 3. Worcester f. Springfield g. Lowell 3. Lynn 1, Portland 3.
 American AssoerzJion. Al Kansas City ?. 3lneaDolls 2. At Milwaukee Q St Paul G. Al Indianapolis Louisville rain.
 scuthsrn Association. At Atlanta l. New Orleans 8. At Nashville l, Memphis O. At Nashville q. Memphis o. t5econd gannesl At Chattanooga 5. Little Rock 6, GAMES SCHEDULED TODAY
 National Lca1us st Louis at Boston.
 Chicago at Philadelphia
 Cincinnati at Brooklyn.
 American League. Boston Detroit. New York rt ST. L~uis
 Philadelphia a- Chicago.
 Washington at Cleveland
 Eastern LeaIus Hartford as Sur-lEle-l. Bri5gyp. Tt Lynn.
 Lawrence at Worcester.
 New London at New Haven.
 Portland at Lowell
 Other Games. Ashland a. State Hospital
 SUNDAY Cz@Es
 National Leaaue No games scheduled.
 American Leaagla. i Boston at Detroit. New York at St. Louis
 Philadelphia at Chicago
 Washington at Cleveland
 Eastern League. No games scheduled.
Norwich bulletin., 1916-07-29
New York (N)
Cincinnati (N)

tz) None out when winning run scored. (xx) Batted for Griffith in 9th.
 (z} Bated for DIichelI in 9th
 Score by innings: Cincinnati ...t....o 0 0 0 o-2 New York -.......0 Q 0 Q 0 0 1-2 Two base hits. Chase StoneI bases Rousch Doyle, Burns ?, Robertson
Norwich bulletin., 1916-07-29
Lowell
SprIugHeld
Totals
Score by Innings:

Lowell ....-........0 G-3 Springfield ..........9 c x-9
 Two base hits. O'Connen. Three base hits, Ham mond Hickey.
Norwich bulletin., 1916-07-29
Lawrence
BrIdgepot
Totals 26 5 27 12 OI

Score by innings: Lawrence ...-.......1 0 x-3 Bridgeport ..-.......O 0 o %
 Two base hits. Murphy. sascrifce hits, Ostcr- Ersl LDEEstreet.
Norwich bulletin., 1916-07-29

Failure to pass the Robins in the West has made Boston fans lose some of their confidence in the Braves.
Norwich bulletin., 1916-07-29

When Griffith tried to land Sam Crawford recently Hugh Jennings demanded Eddie Foster in exchange. Nothing doing
Norwich bulletin., 1916-07-29

The Phfllies are due for a winning drive. Pat Moran is well satisfied with the teams present position in the National League race.
 Maybe the owners of the Washing ton club will sell their stock before next year. Clark Griffith, by the way, is the largest individual stocBholder.
Norwich bulletin., 1916-07-29
REGISTRARS NOTICE

The Registrars of Voters of the Town of Ledyard will be in session at the Town Clerks Office on Friday, Aug. 4th and 11th, between the hours of 12 noon and 9 p. n., each day, to revise the caucus lists of said Town and to add to such lists the names of all legal voters who shall apply and be found eligible to be added 10 such lists.
 GEO. A. MONTGOMERY,
 BILLINGS T. AVERY,
 Registrars of Voters. Dated at LeGyard, Conn, July 27th, 1916. jy29d
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-27

Now, it will be seen that the prices
at which we were selling food to
Europe as recently as last June were
in the average lower than in the
corresponding month Of the year be-
fore, whereas the prices for induj-
trial merchandise had enormously IN
creased. The supply Of foodstutfs
was abundant; the demand, large as
it was, could be supplied without
rise in prices. Our industrial re-
sources, on the other hand, were
overwhelmed by the demands made
upon them. Output could not be IN
creased as fast as the goods were
wanted. Therefore prices rose. 1t
ic likely that they will continue to
rise, and it is very probable, too'
that in the next twelve months the
prices at which we shall sell food
to Europe will be higher, owing, as
always, to the relation between sup
Fly and demand.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-27
Cost Of one dollar.
British Loan Books Closed.

Formal announcement was made yes
terday by j. P. Morgan & Co., syndi-
cate managers Of the s25O,oOO,O0 8
per cent British note offering, that the
subscription books had been closed at
noon. While no Official figures were
made public concerning the amount of
the oyersubscription, it was learned
that il was SO substantial that con-
siderable reduction in the allotments
will have to be made.
The allotments will be sent out to-
morrow night il the clerks of the Nor
gan firm, working up to late last night
and all day to-day. are able TO COM
plete their tasks op schedule time.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-27
EXCHANGE OF GOODS :.
ONLY HALF BY SEA
Other Half Is Snapped Across
Imaginary Land Boundaries.

O. P. Austin, statistieian OF the Tor
eien trade department OF the National
CITY Bank of New York, has presented
world trade figures msrshalled in q
new formation. He says that only
about one-half of the worlds interna-
tional trade crosses the oceans. the re-
mainder occurring among the countries
of the respective grand divisions. In
a recent lecture before the banks class
in international trade and commercial
geography. he stated that Of the &c.
600 .OO0. 900 worth Of international
trade of the countries forming the
North American continent about two
thirds is intercontinental and about
onc-third intracontinental-or among
the countries forming the continent.
OF the $4,000, 100000 worth of in
ternational trade Of the European
countries about go per cent occurs be-
tween those countries and only about
40 per cent with other grand divisions.
OF the $4,000, 900 worth Of the in
ternational trade of Asia about 55 per
cent is intercontinental and about 45
per cent intrscontinental-or among
Asiatic countries themselves.
In the case of South America, whose
international trade is about 81 900. ooO,-
900, over 90 per cent is with other
continents, and this is equally true Of
the trade Of Africa and Oceania, which
amounts TO about $1,000, 100000 each
all of these figures relating to trade
under normal conditions and not that
of the present time.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-27

hold in his discretion a part of the
short crop now coming forward, un-
til it can be sold at fair price"
The opinion of Southerner as to a
fair price for cotton is worthless. 1t
has no stopping place. Sully was
the only Northern person who ever
had the faintest notion of even q
reasonable price. He went bank
rupt, presumably because he was
ahead of his time; he came before
the Federal Reserve Bank System
and before Mr.. McAdoo.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-27

its military requirements, fearing Il
scarcity, leaving a reduced supply
tor civil consumption. If the gov
eminent has not done this II mas
been very inefficient.
1t is interesting TO compare the
average prices of the principal ar
ticles of American export, June,
1915, with June, 1916, in order 20
see in what things the rise had been
most pronounced up to that time
The figures follow, in two groups,
namely, foodstuffs and industrial
merchandise.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-27

The wonder is not that prices are
high and rising but that imperlsh-
able commodities are for sale at all.
The cheapest thing in the country IS
the credit with which TO carry
commodities, that is, to hold them OIL
the market until the price is higher.
In the week just closed cotton went
tc 16 cents a pound, which is high
price. a dear price, fancy and
ecstatic price; and yet it is not high
enough for the seller. A circular on
commodity loans has been issued oy
the Governor of the Federal Reserve
Bank of Texas. He says: Under
the terms of the Federal Reserve
Act we are not permitted to dis
count notes secured by commodities
when the notes are made by those
purchasing the commidty for specu-
lative or investment purposes, but
we fully realize that II our co'Vo"
is all thrown on the market for sale
as soon as it is ginned the price
will be abnormally and unduly de-
messed. and we therefore offer the
facilities of the Federal Reserve
Rank of Dallas to its member banks
in order that they may be able 10
assist their customers in holding
their product and supplying the
market with only an amount which
il can readily absorb at FAR
price" You could not phrase a
stronger invitation to employ the re-
sources of the Federal Reserve Bank
System in commodity speculation
without reminding even Mr.. McAdoo
Of appearances. The world IS con-
Stunning cotton faster than it is be-
ing produced, and the price on that
account is rising very fast, but the
planter. with nearly 100000 bales
already stored with cheap Federal
Reserve credit, is invited TO with
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-27
Current

The above rates express the cost of
foreign money In terms of the Ameri-
can dollar. You buy an English pound
sterling for S475N; the intrinsic par
ity is S4.S69s per pound Thus, you
say either that pounds are at a dis
count or that dollars are at a premium,
which is owing to the fact that in Eng
land the demand for dollars with which
to settle accounts in this country is
greater than the demand in this coun-
try for pounds with which to settle
accounts in England
If you calculate the cost of the dol
lar in terms of foreign money-that
is, as if you we're buying dollars with
pounds, marks or francs-its value
yesterday and a year ago would be
about as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-27
The British Stomach.

People will not be reasonable when
their stomachs are touched. The
rise in food prices is now really be-
ginning in Great Britain, and every
body is denounced for 1.-THE British
Government, the American specula-
tors, the forestallers at Liverpool,
the people who waste and the people
who save, all Unfortunately. M.
Pretyman, vice-president of the Lon
don Board of Trade, has had the
great moral hardihood to point out
that what really governs prices Is
the relation of supply to demand,
and that prices now are high be-
cause there is a great demand and a
diminished supply, owing partly to
acts of Providence governing the
production of cereals in the world
this year, and, for the rest, to the
conditions created by man in going
to war. Nobody will listen. That is
economic, wherein people are sup
posed to think, whereas the dearness
of food is a thing they feel. Even
SC sane an observer as the London
Statist prefers TO carry on the dis
cussion in the sphere of feeling. 1t
attacks the London spectators:
Will the present withholders OF
imported wheat within the Lon
don area be discovered to have
got home with their seven or
eight shillings per quarter profit,
or will they be caught with some
100000 quarters of wheat unsal-
able within some shillings Of what
they gave for them, plus ware
house or carrying charges" in
CURED since the acquisition?
But behind this London corner,
"The Statist" wishes to believe, is the
American Spectator who has cap
tured the whole American visible
supply, and, "who is not much con-
cerned to export, but is determined
to drive up prices in America itself"
"The Statist" continues:
The Official crop report Of the
9th inst. is a shrek of panic over
the deficiency in the new wheat
harvest of the United States.
Even the "bulls" do not entirely
credit II. Still, there it is, and
merchants may even claim to be
patriotic in putting such a price
on produce as must needs serve
10 check waste and impose, so to
speak, a system of bread tickets.
This is amazing and ill-temperei
nonsense. The American visible sur
plus has not been captured by any,
body. 1t is for sale. There is not
a great deal of it. The grievance Of
"The Statist" is that it is not for sale
at low price. If the editor of "The
Statist" will stop feeling and begin to
think he will find the statistical ex-
PLANTATION of the rise in grain prices.
The production of cereals in the
whole world last year exceeded both
expectation and probability. In con-
sequence of this phenomenon food
prices were prevented from rising
as they would normally have been
expected TO do with half the world
engaged in war. This is the year Of
compensation. The production of
cereals is below normal, and food
prices, therefore, will be higher.
Spectators have had no more to DO
with II really than the British gov
ernment-perhaps less, for the Brit
ish government undoubtedly has
bought a great deal of grain beyond
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-27
The Dollar in Foreign Exchange

The important feature of the foreign
exchange situation last week was a
moderate improvement in the position
of Russian rubles. German marks
were weak. French and English ex-
change was well maintained and very
steady. Rates closed as under:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-27
10000 omitted.

It is difficult TO analyze in the weeks
changes the effect of the 2500Oo,0OO
British loan. There was a decrease
of nearly S3O.OO0,OOO in time deposits,
and an increase of S45,500,0O0 in de-
n1ond deposits. The difference repre-
sents an increase in total deposits of
S15,5OO,0OO. OF this increase in de-
posts, one-third were from accretions
Of reserve money, and two-thirds from
an expansion Of loans.
Federal Reserve Bank of New York.
The statement of condition at the
close of business Friday last week and
Friday of the week before, follows.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-27
Canadian Temperament.

Il is no new indictment 20 say that
the Canadian manufacturer is chroni-
cslly conservative in business. Every
body admits that he IS much behind his
American competitor IN assuming risks,
even when the probability of success
amounts almost to certainty. The
Canadians policy makes for steady
progress, but in a country Of great op-
portunities the hydrocarbons man is
likely TO be left far behind. The United
States experienced a long period OF
almost continuous prosperity while
Canada. industrislly. had her ups and
downs. That prosperity has inspired
confidence and optimism and a will
ingness TO take chances. The Canadian
West has produced type somewhat
similar TO the American. but the East
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-27

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, 1916-08-27

Sub-Trsasury. -- New York banks
lost TO the Sub-Treasury s6s0,000.
Siver.-Bars in London, 31h pence.
Bars in New York, 66S cents. Next
can dollars, 50M@ 54T cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-27
Economic Awareness.

There is a growing demand in the
Dominion that the natural resources
of the country be developed at home,
and American companies will find it in
creasingly difficult. in the face of hos
tile popular sentiment and perhaps of
restrictive legislation. to secure raw
materials in Canada to supply manu-
featuring plants in the United States.
Those manufacturing establishments
which are dependent upon supplies
from Canada must locate on this side
Of the boundary. Canadians are deter
mined that their natural resources
shall no longer be exploited for the
chief benefit Of foreign manufacturing
plants
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-27
KS WFAITH MARKETS AND COMMERCE @
during the past six months and %,
builders for s9,2os cars.

uutWb tne pnrb SIX months and "a,
builders for 1929 cars.
War prosperity is wonderful tbi,.
The price Of copper is consider.a 49,.
nal at about II cents a pound M.
ing the two years OF war over loooan
900 pounds Of copper were sold ahro,s
at prices ranging from "a to "a es,,.
The German cartel system l.,
done wonders in the upbuildIng Of y.
eign trade. The merchants OF air..
nations have been encouraged BY t5s;,
governments TO the same end. Ir.-
can business has been fed with . 49,
of encouraging information by on. 4.
psrtment Of the government and h.p
back from using it 70 the best sS,,,.
tage by another. Now, after v,,.
bought experience and many hearinu
and more inquiries. our busine. M,
are, perhaps, to be graeiousIy o,
grudgingly permitted to employ u.
common sense method Of cooperatior
other nations have been effectively "a.
ing for years. 1t is about time "vs,.
boten" was deleted from many an
American trade regulatory statute.
The British government has ordered
the winding up Of 27s alien business,,
under the trading with the enemy
amendment act. A vacuum 10 be filed
by somebody.
There is a big difference in Ii.
yield per acre gathered from the pter.
mig carefully planted in selected soil
and sfterward scientifically cultivated
and the dollar scattered layishly whs,.
ever the fashion Of the moment may
lead the sower. Once it was Venezusla
then the Orient Now South Amenea
with Argentina the fayorite.
When the Arctic whalers transferred
their trade to the Antarctic Grsa,
Britain obtained control Of the vhol.
Of that trade by giving out Licenses
This carried with it a command over
an important supply Of glyeerine, an
essential ingredient in the manufact-
ure of the explosive cordte. In re-
turn for supplies of coal and other
necessaries of their business the
licenses were Endorsed with the cOndi-
ton that the product Of the catch be
sold in the United Kingdom. Result:
England has received this year 100000
barrels of whale oil, one-tenth ot
which was glycerine.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-27
discount rates in each Of the twelve
Federal Reserve districts are:

Bank Exchanges.-The days clear
ings at New York and other cities;
Exchanges. Balances.
New York. O.. .sl60,079,332 3l,734,s52
Boston ...... 24.96l,948 sa,444,1Sl
Philadelphia 35,465,4l6 s4,423,77l
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-27
Federal Reserve Banks.

Washington, Aug. 26.-Ths earning
assets Of the twelve Federal Reserve
banks, according to the weekly report
of the Federal Reserve Board, IN
creased during the week more than
SO 400, 900, while the banks aggregate
cash reserves decreased about $780,
600 and the gold reserves declined
more than 100000.
OF the total decrease in reserve
considerable portion was transfers.
TO the Treasury and 10 Federal Re-
serve agents to redeem Federal Re
serve notes and to decrease the banks
liabilities on notes outstanding. Inc
amount OF paid-in capital shows an
increase of over s25o,O00, largely the
result of increased capitalization Of
member banks in the Eastern districts.
Earning assets aggregate at present
over sl92, 10000 or 947 per cent OF
the total paid-in capital, as against 81"
ner cent the week before. OF the total
earning assets aceeptances constitute
42.s per cent; United States bonds, 24S
per cent; warrants, l45 per cent; dis
counts, AL per cent, and Treasury
notes, 4.3 per cent
Federal Reserve bank notes in cir
culation decreased slightly during the
week. Federal Reserve agents report
the issue to the banks of sl79,sSs,OOO
net of Federal Reserve notes, an In
crease of S3,2ls.OOO for the week
Against this total they hold $l6SS54-
600 Of gold and $17,04S,000 Of paper
The banks report $156,345,OOO Of Fed
eral Reserve notes in actual eireula'
ton and aggregate net liabilities Of
s13, 733, 900 on notes issued to them Oy
the agents.
The Reserve Boards statement OF
the condition of the Reserve Banks Az
gust % follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-27

Copper shares toward the end of
the week were heavy, which perhaps
would not have been noticed or
minded, seeing that the general mar
ket was heavy, except for the fact
that special efforts were made to
stimulate favorable interest in them.
"Coppers," that is to say, are unre-
sponsive to bullish comment and IN
formation. This is owing partly 70
the elevation at which they are SELL
ing and partly TO the human dis
trust of all concealed things. The
conner metal market is something
the outsider is not suffered to know
much about. There are no statistics;
they have been discontinued. Cop
per may be correctly reported by the
producing company as sold, and yet
il NAV not have been bought by any
consumer. 1t may be truthfuily said
that copper is withheld from the
market. It may be truthfully de-
MED at the same time. 1t may DE
both true and untrue. 1t may be I'M
true in respect of the producing
companies and true in respect of the
companies that own the producing
companies, or of interests related
thereto.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-27

Movement of Specie.-Imports OF
specie at the Port of New York for
the week ended August 25 were: Gold,
s4S9. 4S0 and silver 1898, sol. making a
total of SSSS,Os1, against a total OF
sS10,131 for the preceding week and
$685., 063 in the corresponding week
last year. Since January / the i'm
ports of specie amounted to s74,ob5,-
6O7, against s36,542, 226 in the CORE
spending period a year ago.
Exports of specie were: Silver,
s7l4,e52 and gold s1,6o3,242, against a
total of S2,153,435 gold and silver last
week, and S1,427,294 in the same week
of last year Since January l the ex-
merits of gold amounted to S69,747,OO7
and silver SIS, $40, against s9,2O4,-
ass gold and s26,5S9,sSl silver in 1915.
Bank of Germany Return.-Berlin,
via London, Aug. 26.-The statement OF
the Imperial BANK OF neilhshg, iSSue"
August %, shows the following changes
lin marks: Total coin and bullion,
decreased, $4,000; gold increased $780,
coo; Treasury notes decreased 24.352,-
600; notes of other banks increased
100000; bills discounted decreased
59,7e7 600; advances decreased 1885,
900; investments increased $4,000;
other securities decreased $4,000;
notes in circulation decreased $685.
600; deposits increased 2o,049,00o;
other liabilities decreased 39,359,ooo
Total gold holdings, 2,468,5e2,ooo
marks.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-27
Saturday, August 26, 1916.

At another weeks close the stock
market was still divided between a
variety of irresistible reasons why
prices should rise and a few very
important economic reasons why
they should not. Steel common, hav-
ing had its head for two days, ad-
vanced to within a fraction Of par,
where naturally there was much
temptation 10 sell. Every holder in
the world could sell at a profit, no
matter where or when he had bought
the stock. Under such proft-taking
the price fell back. If speculation
should be relieved Of the restraints
which for so long have been imposed
upon it, its most aggressive emo
tons no doubt would converge upon
Steel common. 1t is the largest
single symbol of the kind Of pros
perity we are having.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-27
Finance Economics

GARET GARRETT, Editor.
STREET OFFICE: Telephones:
Mills Building Is Broad St Hanover COLA
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-27

Trust Comprehensive condition Of
the trust companies of greater New
York is reported by the Banking De
partment as of the end OF last week
as follows:
Loans and
inv. ....St,e71 ,os5 500 Dec.st1,72s,ooo
Gold .. 135,20e,2oo Inc. 2,o47,3 300
Currency
and blk.
bills &C.. 23,431 300 Inc. 5,693,2Oo
Deposits. 1880, 2s4, 100 Dec. 11,275.7O0
Reserve on
deposit. 349,37o,3oo Inc. 2,1776oo
Percentage of reserve, 22.6 per cent,
against 22.7 per cent.
Foreign Bank Rates.-Following are
the official rates of discount at the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-27

The British government has ordered
the winding up Of 27s alien business.,
under the trading with the enemy
amendment act. A vacuum TO be filed
by somebody.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-27

Federal Reserve Discounts.-ohicial