davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11
ELECTION SWAPS
LONDON MARKET
Britain's Free Traders and
Peace Men Welcome
Wilson'S Victory
Bv FRANCIS w. HIRST
TRy Csbls 70 The Tribune

London. Nov. 10.-Italian ex-
change is improving, the rise in sill
YER suggesting an improved politl-
cal situation in the Far East. The
American market fluctuated with
the dramatic movement Of your
election figures.
On the whole, free traders and
peace men welcome Wilson's return,
but there is very little craftsmanship
or excitement about the result, as
nobody could predict what course
either candidate would adopt toward
the war and peace questions, which
alone matter much here.
The consol market is firmer. Po-
tato prices are lower, on fears that
the supply will be Communicated,
but fish, bread and bacon remain
very high.
There is a sharp distinction be-
tween the results on the different
classes Of labor. Thus, ordinary
labor is hard hit, but munition
wages moro than compensate for
the rise In prices. The silver, sill
yer plate and jewelry trades are
working at high pressure to fulfil
the luxury demands Of the prosper
GUS munition workers. In these CEN
tres the shopkeeperj are clamoring
for supplies. The women generally
have more money, and are spending
more than ever before.
Strike troubles in Australia are
giving some anxiety. The complete
political collapse Of Premier Hughes
was anticipated. This was knock
out blow for our after-war tariff
mongers.
A letter from Birch Crisp will ap-
pear tomorrow advocating a war
loan with a compulsory rate of in
terest.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11

In Dun's list Of 331 commodities
there were "a price changes during
the week, of which 70 were advances
and only 10 declines. "In some
branches an undercurrent Of hest
fancy is manifest" says that agen-
cy's Weekly Review OF Trade, "be-
cause Of the phenomenal rise in
prices. Such instances remain the
exception, however, and in many
cases the rapidly advancing costs,
with prospects of still higher levels,
act as a stimulus to even larger pur-
chasing" That is psychological
and has happened several times be-
fore, when the vendors Of goods, who
have TO buy them first, began to feel
uneasy. Such prices as they would
have TO charge would surely check
demand from the ultimate consumer.
But as yet there is no evidence OF
the retail demand having been seri-
ously or even perceptibly touched.
Retailers are doing an enormous
business, and the portents are en-
couraging. Nugent's Bulletin, the
national organ Of the ready-to-wear
garment trade, says record busi-
ness is expected this year in holiday
merchandise. and manufacturers are
making Special numbers" TO meet
il. Attention is called TO models for
the FLORIDA tourist trade" and 70
things under the head Of "Sport
Wear" This reminds US that very
large amount of pleasure money is
now being spent in this country
which before the war was spent in
Europe.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11
The Farm Loan Act

Washington, Nov. l0.-Herbert Quick,
address to-day before the annual con-
ference Of county agent leaders en-
ployed jointly by the agricultural col
leges Of the country and the Depart
ment OF Agriculture declared the farm
loan act would be administered In the
interests of actual farming and actual
farmers, and not in the interest OF
landlordism or tenancy. he described
the rural credits plan as "a system not
for losning government money to farm
ers, but system By which the farmer
is afforded the opportunity Of borrow
ing from investors on security"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11
Finance Economics

manner. For time it appeared a.
most TO have ceased, while pur-
chases were heavily increased IN Ar
gentina and Australia. Shipments
from those countries have been ris-
ing, while those from the North
American continent have been rela-
lively falling. Shipments, of course,
are not conclusive evidence of what
has been done. Wheat may be
bought and held either under option
or in storage with title. Once 1t was
thought that the foreign buyers, act
ing with one intelligence, had sud
denly sold lot of optioned wheat
at Chicago to break the price, which
might easily have been true. The
individual speculator has been
matched against an official purchas-
ing commission endowed with the
British trading instinct. 1t is
new experience. The rise in the
price Of wheat this week has been
accompanied by rumors Of renewed
activity on the part Of British
agents, whose purchases in the last
few days are estimated at 8 or 8
million bushels. One reason as
signed for this buying is fear Of an
embargo on American exports That
would seem hardly an imminent
thing. Since the first Of July wheat
exports from North America have
been 1873 million bushels, against III
million in the corresponding time of
last year. 1t is estimated that this
country alone could spare only 100
million bushels. OF American and
Canadian wheat together this con-
tinent could possibly spare 100000
600 bushels, or a little more than
twice what has been already shipped.
The amount that has passed TO for
eign buyers under contract is an
other matter. There is no way of
estimating it.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11
Demanding q Blacklist
From The Monetary Times


A we'll known Canadian investment
house, which has been corresponding
for many years with one Of the banking
firms now on the British blacklist of
United States firms, recently sold some
securities TO that firm. Their attention
was drawn TO the fact that thi. firm 1.
on the blacklist, q fact Of which they
were unaware. The investment house
communicated with "The Monetary
Times" asking as to their position in
the matter. We were obliged to in
form them that their sale of bonds TO
this enemy firm was quite legal, as
there is no blacklist in Canada. The
bond house representative expressed
surprise at this and added that his firm
had deleted the name Of the enemy firm
from their mailing lists, and did not in
tend to trade further with such a firm.
More than three months ago the
British government established black
list of United States firms, with which
citizens Of the United Kingdom were
forbidden to trade. Canada has failed
as yet TO follow the example. Action
should have been taken by the Domin-
ion government Immediately upon the
receipt OF the official blacklist from the
Imperial government. II il 10 illegal
and undesirable for citizens OF Great
Britain to trade with these enemy
firms. surely it is equally undesirable
for Canadians to trade with them. Yet.
trading is being done with some of the
firms. There is no blacklist in Canada.
What sort OF business morals are We
cultiysting In these days Of vari
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11
Dividends

American Express.-Regular auartefv s.
dend of $50 a share and an extra awe.
OF 81. payable January 70 stock OF f~'''
November 20.
Philadelphia. Germantown I Nensi
acknowledgements quarterly DIVIDEND -
per cent. payable December 70 ss0sA
record November 20.
Pittsburgh. Bessemer & Lake Ers--ns ~.
lar semi-annunl dividend Of per eens % -
preferred stock. payable December !" '">'
of record November IS.
Alabama Great Southern. -Diyidena |" II
per cent and | per cent extra on w
nary stock. payable December y 20 s'o'
record December also dividend OF
cent and !, OF ! per cent extra or tns -.
ferred stock. payable February - 70 w.
of record January %. 1917.
White Motor.-Qusrtsrly dividend -
a share, payable December 81 TO stock
ord December Is. This places tns ~,
an 5 per cent basis. an increase o.
cent.
Pratt 4 whitnsy.-Quarterly d"osA,s
Il, per cent on the preferred stosk. ptss
November 10 TO stock OF record So's"
Chestnut Hill RsiIrosd.-Rssul,r ea.r
dividend Of y. per cent. payaps Ds
10 stock OF record November ".
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11
CANADA SPENDING
$lS,000,000 A MONTH
Total Debt of Dominion In.
creases S2OO.OOO,OOO In a Year

Ottawa, Ont, Nov. 10.-Canada's war
expenditures during the seven months
ended October 81 last aggregated
nearly s127,0oO,ooo, or an average Of
more than s1s,Ooo,0oo monthly, accord
ing to figures issued here to-day.
The Dominion's total net debt on
October 81 was approximately $685.
$4,000, as compared with s492,528,OO0
a year ago.
The revenues for the seven months
amounted to 1921, 74s,OOO, as compared
with S7,6s4,OO during the correspond
ing period in 1915. October's revenues
totalled about s1s,158,000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11
MORE SUITS TO TEST
ADAMSON LAW FILED
Rock Island and Louisville q
Nashville Take Action

Additional Injunction suits Tor tne
purpose OF testing the constitutionai-
itv OF tb. Adamson law fixing an eight
hour workday for trainmen were MED
Yesterday, ono by tho Chicago ROCK
Island & Pacific and another by the
1or;sv;Il. a. Nashville. The former
road. represented by Jacob NJ. Dickin-
son. receiver. brought action IN ohl-
cago and the latter in Louisville nc
cording to advices from Chicago MI
sowalI vice-president of the Chicago
Milwaukee e. st. Paul. states that al
railroads Of the country. which nave
not already done so are considering
filing similar suits.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11
DIVIDEND NOTICES
SOUTHERN PACIFIC COMPANY

DIVIDEND no. II.
A QUARTERLY DIVIDEND Of One Del.
lar and Fifty Cents Si.50D per share On the
Capital Stock OF this Company has hsse
declared payable at the Tressurer's oees,
No. 1856 Broadway. New York, n. T. o.
January ?. 1917. TO stockholders Of fsess1
at 3 o'clock p. NJ. on wednesday. Ssvsn-
Der 20, 1916. The stock transfer books VII
not be closed for the payment 81 this tivi.
dend. Cheques will be mailed only 10
stockholders who have FLED rsrmssss.
dividend orders
November O. 1915
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11
Steel Orders at
Water Mark

The United States Steel Corpora
ton had more untitled business on its
books at the close Of October than at
the end of any previous month in It's
existence. Orders on which deliveries
were still to be made, on October 81,
according to statement issued by
the company yesterday, amounted to
10,Ol5,260 tons. The previous high
record was s,s97,798 tons, on May 81
Of this year. The increase over the
September total was 492,676 tons.
This increase in untitled orders has
taken place despite the fact that ship
ments since the early summer months
have been on an ascending scale. In
July and August they fell as low as
10000 tons a day, or at an approx
mate rate of 100000 tons a month,
but in September the deliveries got
up as high as $4,000 tons day, and
in October they averaged about $4,000
tons day.
Daily shipments last month indicate
deliveries of nearly 100000 tons
annually. The gain in untitled orders
was at the rate of 1900 tons daily in
excess Of shipments. Therefore, it
appears, new orders were received at
the rate Of 72,700 tons a day. The
record Of the Steel Corporations I'M
filed orders at the end Of each month
since the beginning Of the European
war follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11
OODS AND SHORTAGE
OF CROPS HIT NJ, n. 9 1.
oss in Gross and Net Earnings
penorted by Receiver

In sharp contrast to the showing
made by other railroads for the hscai
YEAR ended June 80 last, the missouri
Kansas & Texas lines reported heavy
losses in both gross and net earnings
In tho eompany's annual report {. H.
schaf. receiver, attributes the failing
~, IN revenues to tho crop shortage IN
Texas and Oklahoma and the Interrupt
ton TO trafslc from heavy rainfaiis and
Aoods. The results for the year are
unmarried below:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11

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
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, 1916-11-11
UNITED STATES EXPRESS C0RAM.
Rector Street, New yoSk.

November 10, 1914
Pursuant to a resolution of the Board o.
Directors OF the United states Erpce
Company, notice IL hereby given that
third and partial distribution OF the %.
sets OF this Company, amounting 70 ~
per share. will be made November .sc
1915. 10 the Shareholders OF record ~
the 18th day Of November, 1915 Chsen
will be mailed.
transfer Books OF the Company ~
close at IL O'Clock noon. November ttA
and reopen December LIST. 1916.
r. II. MORGAN. JR.. Treasurer
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11
FINANCIAL MEETINGS
TO THE STOCKHOLDERS OF IhE p
PRE- RAILWAY APPLIANCE

Notice is hereby given that the snsss
meeting Of the stockholders OF the bmone
Railway Appliance Corporation VI
held al the Office OF the company, 10.
Wall Street. in the Borough OF ksnnstu.
City, County and state OF New ie'h -
the goth day OF November ise
O'clock p. ~. for the purpose Of slsestss
directors for the ensuing year and fof '.
transaction OF such other business % MAJ
come before the meeting. ..,.
Dated, New York. November l, lsle
THOMAS J. BOYLE, seerstsV
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11
The Dollar in Foreign Exchange

Russian rubles declined again. toucn-
ing n new low record for the movement
at %. 90 cents. The close was 1910, on
10 points from Thursday. The move
ment was accompanied by rumors OF a
hitch in the new Russian loan.
German exchange continued easy
check marks declining to 6s%. Italian
lire recovered sharply. Sterling rates
were firm.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11
Henry CIews & ca,

IL. 10. -. u and - BROAD ST
MEMBERS Y. y. STOCK EXCHANGE
Stocks. Bond' and Investment ssrsdts
bong hit and sold on commission. Also esr.s
on conservative terms. Deposit Aeessss, -.
served subject to check a, sight.
Interest paid on daily balances.
BRANCH OFFICES
500 Fifth Ave. s53 Third Az.
1924 Broadway 90 WARE. g.
IS Union Square is Court ST. Ban.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11

Silver.-Bars in London. SAX pence;
New York, 717s cents; Mexican dollars,
65%.
Discussing the current strength OF
bar silver, Wagel says the heavy ex-
ports from China TO India delayed
the advance in the value Of the metal
for the last FIVE months. The inevita-
BILE has happened, and China has now
not enough Of the white metal. Chin
csc exchanges, which remained for long
below parity, are now above parity. In
spite OF the large importations into In
dia, demand from India is as large a.
ever; the total of rupees in Indian cur
rency reserve remains stationary, in
spite Of the enormous amounts coined.
European coinage demand will take
years before il is satisfied. England,
France and Russia have been buying
large amounts.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11

Since a Royal British Commission
in October took charge Of the prob
lem Of keeping the Entente Alliance
in wheat. eliminating the indepen-
dent dealers and spectators. the
foreign buying in the American and
Canadian markets has been con-
Quoted in much more scientific
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11
UNDERWOOD TYPEwRTrER q

The Underwood Typewriter GO: hn "
clared the regular quarterly diyidencs
1919 on the preferred stock. and
the common stock. payable January !. iH''
to stock Of record December 20, 1918
DE WITT BERGEN. Treasursf
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11
Other Cities

Sea Island Cotton Sells at so Cents
Savannah, Nov. 10.-Sea island cotton
was sold in Savannah to-day at 30 cents
a pound. This is the highest price ever
paid for the staple in the memory OF
the local cotton exchange.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11

Below i. 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, 1916-11-11
X wFAITH MARKETS AND COMMERCE @

at a level which make il profitable TO
ship tho metal. Argentina has sold the
United State, more than we have sold
her, and the balance OF trade Is strong
" in her favor.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11

ANDREW J. MCCORMACK. Auetls,,,,
REGULAR AUCTION SALE,
STOCKS AND BONDS,
BY ADRIAN II. MULLER 8 son
OFFICE, no. SIS WILLIAM n.
"WEDNESDAY, NOV. IS, ieie
a. 1880 O'Clock. at the
EXCHANGE SALEeRoCN,
NOS IL AND ~ vEsEY STREET.
FOR ACCT. OF WHOM 1T MAY coNc1au
5000 shs. United Railways InysstU0t
Co. Of San Francisco common
800 shs Euclid Heights Realty Co esn.
mon.
$4,000 Note OF Euclid Heights Rssit, o.
dated Mar Is. 1908. payable o. On
before Mar Is. 1907. Interest ~
50 shs. Deep We'll water Co.
2 shs. Securities Company Of MI
$4,000 STANDARD Milling 60. 81 cssN
BIDS. 1925. Temporary CIT
900 shs Summit Mining Co
$4,000 Yolo Water & Power Co. let nss
SO BIDS. 1852.
$40, 900 Second Avenue r. n. SCI r. esivss
Gifts. due Oct, 1914.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11
NATIONAL BISCUIT COMPANY

18th THE Board Of pinsstsn N
o.r.r..eo declared the seveat-Gfh -
r"ttHntS seeuiive qcsrehy tiutss< dos
DIVIDEND and three ozrsn ,iN ~ 90
on the Preferred Capital stock oi,ss CeeDssT. pSes
November 18th, 1915, to rocksolesr Of rseost = ~
close OF bcsis ess November i4h. 1918. rnsssf 49,
will not 10 closed. @. r. VILLA. A. -
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11
Gold to Arsentlna.-Bankers predict

Gold to Arsentlns.-Bankers predict
a substantial outflow OF gold to Argen-
tina. Already steamship space has
been engaged. and insurance placed on
between $4,000 900 and $4,000, 900 of the
metal which will 20 out on steamers
leaving New York November Is and rs.
Last week about 100000 went to
Buenos Ayres Exchange rates are now
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11
CORPORATION Returns

Ann Arbor Railrssd.-Report for usr,n~
ended June 80, 1915. shows surplus si ~
Of $500. 900, equal to $50 per cent on ss 80 &
900 preferred stock. against z.9i ~
the previous year. Tha report eo"S'
folloua. satl
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11

The statement Of the untitled ton
mage Of the United States Steel Cor
poration as Of October 81 was re-
oeived with intense surprise, partly
because Wall Street had forgotten
TO put itself in q state of agitated
expectancy and partly because the
orders on the books had risen above
ten million tons for the first time
in the history of the business. The
amazing contrast between the pres
ent condition and that of two years
ago must be visuslized to be appre-
ciated:
On October 81, 1914, the untitled
orders on the books Of the United
States Steel Corporation were
s,4ef,oe7 tons.
The price OF steel billets was then
SIG per ton.
On October 81, 1916, the untitled
orders on the books of the United
States Steel Corporation were
1o,o15,260 tons.
The price Of steel billets now is
$50 per ton.
The increase of untitled tonnage
during October was owing to heavy
new bookings, and not TO falling
off in shipments, as is sometimes
the case. Shipments during Octo-
Der were at the rate Of $4,000 tons
a day, which is a rise of about 49,
900 tons a day over those of mid
summer, when heat and bodily in
ertia caused the output to fall. II
the average profit per ton is $50,
as is estimated, the earnings Of the
Steel Corporation during October
were at the rate Of 81 1000 day.
1t seems incredible.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11
New York

State of Trade. "Bradstreet's' says
that while naturally responding to and
sharing in the political excitement rul-
ing this week, trade and industry dis
play no real check to the long con-
tinued steady surge forward in demand.
The effect OF car shortages, which have
curtailed or delayed the movement OF
coal, lumber and grain, as we'll as un..
Reproduction Of materials, are indeed
much more often mentioned as draw
backs than is political excitement, and
where conservatism is reported in fut-
ure ordering it is based more on ex,
IRENE price advances than on political
DEVELOPMENTS.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11
Friday, November 10, 1916

Suspense st an end, the stock
market may be supposed definitely
to have entered the post-election
phase; and if you will suppose, be-
sides, that the result of the election
was a matter TO alter the value OF
securities it remains to be recorded
that the country's choice of Mr..
Wilson was construed favorably IN
respect of all the copper stocks,
which advanced as a group; both
favorably and unfavorably IN re-
spect of the equipment stocks, some
Of which advanced while others de-
clined; favorably for all the motor
stocks that were dealt in, because
they advanced; both favorably and
unfavorably again in respect OF the
steel and iron stocks, some of which
closed higher and others lower; un-
favorably in respect Of Industrial
Alcohol, favorably in respect OF
American Can common, and 80 on.
The case fails. The stock market
had not been in suspense over the
outcome Of the election. The people
who deal In it had bean, for purely
emotional reasons, and when 1t was
over they returned to eonsidera-
tons which might nationally affect
the value Of securities. For exam
pie, the strength Of the copper
stocks was naturally owing TO rise
in the price of the metal to above
81 cents q pound-the highest price
Of this economic era. At that price
apparently there is less copper COM
ing above ground than is wanted,
and the profits Of the producing
companies are almost unbelievable.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11

Boston COppers.-Boston, Nov. TO-
With sales Of spot copper metal re-
ported at a price of 32A cents pound,
high record for recent years, the
local market for copper shares ad-
vanced sharply to-day. The gains
made in early trading were established
by the later transactions, the market
closing firm. Copper Range, I4l2;
Allouez, 72A; Cranky, 96A; Old DOM
inion, 1914.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11
Record Beet Sugar Complaining

Record Beet Sugar Crop.-Washing-
ton. Nov. 1O.-This seasons beet suga:
production in the United States was
the largest ever recorded. Sugar bee:
acreage and tonnage of beets harvested
made record. Preliminary returns
from nearly all operating beet sugar
factories. announced to-day by the De-
partment of Agriculture, places pro-
duction at 9ls,800 tons. the acreage at
CSC. 900 and beets used for sugar $751;
600 tons. Beet sugar production this
year exceeds the record by 44,600 tons.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11

Gold to Spain.-Gold to the amount
Of $4,000 was withdrawn from the
Sub-Treasury yesterday for export to
Spain.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11
American Railway Association

American Railway Association to
Meet Here.-The country's car shortage
situation will be taken up by the Amer
lean Railway Association at its semi
annual meeting, which, it was an
nounced here yesterday, will be held IN
this city on November 10 instead Of IN
Denver as originally planned.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-11

The Weeks Money Currents.-The
reported movements Of currency this
week indicate a loss in cash by the
banks of about s4,5Oo,00o, according to
Dow, Jones e. Co. The loss TO the IN
terror was s3,e70,0Oo.