davidaulloa/AmericanStories huggingface dataset:
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-11-21

and Ottumwa are shaky and may MOI
attempt to go thru another season
Mason City fans have denied this re.
port. but no word has come from OF.
| tumwa as to the course to be, pursued
by the hackers Of the Infants during
the late days Of the 1916 season. 1t IL
said. however, that Ottumwa has not
shown disposition to quit.
President Justice does not expect the
withdrawal Of more than one team, il
is said and the team referred too
probably is Muscatine. 1t is under
stood that Dubuque stands ready &c
take over the first franchise surrend-
cred in the Central association.
May Mean New Organization.
Should the four clubs mentioned dc
the unexpected and surrender their
franchises. it is likely that new or
ganiza ton will be formed, and this
may be the fusion of Central associa
tion and Three-I league clubs. The
older organization has had hard work
weathering the storm for several years
and 1t is rumored that several clubs
are ready to retire. 1t may be that
the Three-I will find itself in pre-
dicament far worse than any possible
in the Iowa organization. and the sur
vivors of the wreck. which may follow,
may seek haven in the Central. 1t
has been argued by many good base
ball men that an organization COM
posed of the better TOWNS of the two
leagues would be much preferred to a
continuance of either of the present
organizations. The mileage, of course.
would be greater. but the drawing
power also would be greatly increased.
Cedar Rapids Loses Money.
Cedar Rapids passed thru one of the
worst years in its baseball history in
1916. The average attendance at Cedar
Rapids in years past has been $4,000.
and one year the total mounted to So
900. but the past season only $4,000
fans saw the Bunnies in action. As 4
result of this decline in patronage the
Cedar Rapids club lost $4,000 last sea-
son, according to report recently
given out by the directors. Tagging
interest and mediocre team are given
as the causes for the failing patronage
Cedar Rapids, however. will retain its
franchise. as will Marshalltown, Wa
terloo and Clinton. 1t is believed that
Fort Dodge, Mason City. and possibly
Ottumwa will also ante up when the
time comes. with Muscatine as the
most likely club to retire, and Dubuque
as the new member to take the place
of the Muskies.
! Campaign at Mason City.
Word came from Mason City late
Monday that campaign soon would
be under way TO dispose of q sufficient
number of book tickets to insure the
success of a team in that city next
year 1t was said that Mason City
had no intention of surrendering it's
franchise and it is believed Fort Dodge
will follow the Mason City plan of SELL
ing book tickets to raise necessary
funds TO finance a team.
1t is the opinion of those close in
touch with the situation that the sea-
son Of 1917 will find the association in
tact. with possibly one berth TO fill.
Two Players Returned.
The national commission has an
nounced the return of Shortstop
Runser and Outfielder Reinhart,
drafted from the Muscatine club. to
the Muscatine reserve list No reason
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-11-21

Consultation Sale.
Combination sale at Laurel Saturday.
Nov. rs. ~ head of cattle, including
twenty e0O-pound cattle.-Advertise
ment.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-11-21

was given for the surrender Of these
players by the clubs exsrcisinK the
draft XII
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-25
AMPLE GOLD TO MEET
AFTER.WAR DRAIN
Country Will Be Equal to Emer-
ngecy, Saws A. G. Miller

Indianapolis, Oct. 24.-The man.
agement of the gold supply Of the coun-
try to meet the foreign drain which is
expected after the close of the war was
discussed to-day by A. c. Miller, of
Washington, a member of the Federal
Reserve Board, before the Indiana State
Bankers Association. He expressed
the opinion that the United States will
be able to meet all demands which will
be made without serious difficulties or
disarrangement of the system in this
country.
Mr.. Miller said questions which will
arise after the war are, Where is the
gold to come from and what is the
process by which it will be obtained'
He continued:
"Gold lost by the banks to meet the
foreign demand would be replaced by
modelling a part of the present float
ing supply of the community into their
hands. This process would be facili-
tated by the ease with which Federal
Reserve notes could be issued to fill the
void created by the withdrawal of gold
or other forms Of currency"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-25

BETTER TERMS FOR
NEW BRITISH LOAN
Issue May Be $500, 100000, to
Run Three and Five Years

Public Offering Of the new collateral
loan to Great Britain will probably be
made next week. The amount is e1-
pected to be 100000, 900. The de-
tails, though not yet officially an
nouneed, are practically all known.
The loan will have two maturities.
Part Of It will run for five years, the
remainder for three years 1t 10 likely
that the loan will be about equally
divided between the maturities.
Rat, of interest will be s per cent,
but the price at which the securities
will be offered publicly will be shaded
somewhat, so that tho yield will be
slightly higher than the return on the
$3.50, 100000 per cent British loan
placed here in August. Those notes
were sold q. 90, to yield trihe over
5a per cent. They were underwritten
at SO and accrued interest.
The new loan, 1t Is understood, Will
be secured by q lower ratio Of Amer
lean collateral than the last Secur-
tiles Of neutral countries, which have
already been approved by members OF
J. p. Morgan & Co.. In London. viii
probably fo:m tho bulk Of The col
lateral. The August loan was backed
BY three groups Of securities, having
an aggregate value Of t3oo,ooo,ooo, OF
which 500, 100000 was Americana
s1oo,ooo,ooo Canadians" and the re-
naming s1oo,oOo,ooo bonds Of Argen-
tina, Chile, Norway, Sweden, switzer-
land. Denmark and Holland.
Russia Attended To
Although the total Of foreign loans
taken by American investors since the
war started will soon reach the W.
900, 900, 900 mark, tho end is by no
means In sight. Even with the formal
announcement Of tho new British loan
imminent, negotiations are going on
for another 100000 advance to
Russia. 1t was learned yesterday that
this loan will take the, form OF bank
ing transaction. There will be no pub
lie offering.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-25
GERMANY TAKES
STEPS TO MEET
PEACE PROBLEMS
Preparing for Economic
Readjustment-Live Stock
Supply Increases
By ERNST KAHN.
IBy Wireless to The Tribune. hs sayrillel
Berlin. October "a.

by Wireless TO The Tribune. Wa Say'Hei
Berlin, October "a.
Germany is preparing for the day
when peace will compel a readJust-
ment of the empires whole economic
structure. Already the government,
recognizing the problems that must
be met, has appointed a special COM
mission, whose task will be to
smooth the transition from war to
peace. The problems of this com
mission will be: (a) How to find
employment for the millions of Ger
man soldiers released from military
service; (b) how to provide raw ma
terial for German industries, and
(c) how to put abundant credit at
the disposal of the middle classes.
Even the most optimistic financial
authorities were surprised at the
prodigious demand for the fifth Ger
man war loan. Total subscriptions
aggregated 10,750,oO0,0O0 marks.
Statistics Of individual subscribers
attest to the genuineness Of these
figures; 100000 persons partici-
pated in the offering. In contrast
to the English method, the German
banks never subscribe for war loans.
The life of the coal syndicate,
which was nearing expiration, has
been renewed until 1922. 1t now
controls practically the whole coal
industry in the empire, including
the governmental mines. Prussia
has purchased one Of the largest
coal properties in Germany, and is
now the strongest member of the
syndicate. The whole transaction is
typical of the governments liking
for industrial combinations.
AS a consequence Of the better
fodder crop, livestock supplies are
rapidly growing. On September l
there were 17,250,000 pigs in Ger
many, against 13,25O,OOO in April.
The supply, however, is still far
short of the 21,750,00O pigs owned
in September, 1914. Cattle, too, are
increasing, with a gain of 417,00O
head since April. Milk and meat
production is still poor, in conse-
quence of last years crop failure.
A combination of leading financial
interests has founded potato-grow.
ing company, with purpose of in
creasing the production Of this sta
pie.
Chemical companies are prosper
ing. Twenty important concerns in
this business earned profits Of 14l,-
100000 marks last year, against
107,00O,O00 the preceding year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-25
LONDON BEARISH
ON WAR NEWS
Viscount Grey's Speech
Is Interpreted in
Two Ways
By FRANCIS W. HIRST.
m r.his 4, Tha TYfbuns1


London, Oct. 24.-Inf1uenced BY
the Rumanian news, Stock Ex-
change depression lowered prices to-
day. Viscount Grey's speech, while
indorsing Lloyd Georges interview,
softens it's effect on neutrals by in
d;cating his acceptance OF the idea
that after the war peace may be
guaranteed by a league Of the pow
ers. The language of the speech is
ambiguous. Some think it points
to a long war Of exhaustion and at
triton; others think it is intended
to expedite peace.
Probably it is a fair inference
that the British government is most
insistent on guarantees for the
future and is not disposed to back
extravagant demands.
The fall of Constanza probably
means fresh supplies Of oil and
wheat for tho Central Powers, but
this years Rumanian harvest 10 not
very good, and the Constanza depots
may have been depleted.
The young rubber companies got
a small concession from tho excess
profits tax, but are not satisfied
with it.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-25
Relev ant
Information

Bethlehem Steel.-The common stock,
on a turnover of 1880 shares, made g
new high when It sold up to 629. IL
closed at Gle, an advance Of 81 points
In 1915 the company earned 112.49 per
cent on its s14,S62,0OO Of common
against $3.50 per cent in 1914. Divi-
dends are now being paid at the rate
of $50 a year on the common stock
There Is s14,90s, 900 of per cent cumu-
latiye preferred outstanding. At the
end Of last year the company an
nounced it had s175,432,S95 in orders
on hand. most Of which were for mu-
nitions of war for the Allies. Since
then so much now business has been
taken on that In August 1t was estl'
mated that the total orders booked by
the Bethlehem aggregated s300,OOO,OOO
I. was said at the time that it would
take two years to fill them. In Septem-
Der an unofficial estimate placed net
earnings for the current year at Soo'-
100000, or s4O0 per share. The COM
pany has an extensive extension and
improvement programme laid out, in
volving an expenditure Of $70,000,00O
during the next three years.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-25
Argentine Loan Nearly Ready

Recent discussions concerning q loan
to the Argentine will enter the stage
of active negotiations by tho end of
the week. The amount has been esti-
mated as high as 100000. The
best information now is that it will
not be so large, probably s75,oOO,OOO,
but not under 100000. The hoped
for South American financing has for
its purpose the consolidation of the
short term loans placed here which
mature over the next four years. They
total approximately s7o,0oo,ooo.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-25
Money and Credit

Money on call at the New York Stock
Exchange was easier, with a ruling
rate Of ~ per cent, compared with
~ on Monday.
Tho market for time funds on brok-
srs' Stock Exchange collateral con-
tinues dull and easy. Transactions
consist mainly Of renewals. new bust
ness being extremely light. There was
no Quotabie change In rates yesterday.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-25

stock. payable November Is to s'o'A '"
ord October 81. .rsrssfs
Karninistiquia Power.-ReSuisi ee,sserrt
dividend OF IL per cent on the p's
stock. payable November 10 to ''o'A
Miehissn stamping.-stoek diyios.x
23Si-a per cent. increasing the o sns AS.
capital stock from 100000 to W sA;S5e<
Ontario Steel.-Regular quarsfv st pa
OF IN per cent on the preferIeo or
able November is 70 stock OF
Der 81. .-,.,s II ~
cent on the common stock. payable
airy 10. n,ddert :
Mas. Consolidated Mlnins. ~ TIA 8
81 a share. payable November 10 70 W.
record October 81.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-25

Weakness both in the Anglo
French 5 per cent External Loan
and in the British governments b
per cent Secured Notes was owing
not to the fact of a second collateral
loan being imminent, but to the
probability that it would be offered
AZ a price to yield higher rate Of
interest. II is an extraordinary
fact that Great Britain is still able
TO borrow in this country at lower
rate of interest than at home. She
is paying per cent on her new ex-
ckequer bonds. Her per cent notes
are selling here above 80, to yield
about 5 1-3 per cent. The 6 per
cent exchequer bonds are, of course,
unsecured, and the 5 per cent notes
selling in this market to yield 1-3
per cent are secured by gilt-edged
collateral; but if you raise the ques-
ton of intrinsic quality, surely the
unsecured obligation of the British
Empire ought to be as good for a
British subject as secured note for
an American investor. The rate of
interest is rising in the world. That
is what is happening. The normal
effect Of that phenomenon is to
cause a fall in the principal value
of old securities bearing lower rates
OF interest. They decline until the
net yield Of, say, 5 per cent issue
is equal to that Of the new 6 per
cent issue. English buyers Of war
loans are largely protected against
loss in principal from a rise in the
rate Of interest by an undertaking
On the part of the government to re-
fund old loans into new higher in
terest bearing loans pound for
pound. There is no sucn protection
Of foreign holders of war loans. II
the rate Of interest rises the prin-
cipal value Of their holdings will
fall. That is why short dated loans,
maturing in two TO five years, are so
highly preferred. Loss by a rise in
the prevailing interest rate cannot
affect them very much, because they
are so soon redeemable at par.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-25
New York

Coal Situation Serious.-The anthra-
cite situation is daily becoming more
strained, according to "The Coal Trade
Journal" and so far as the trade can
see there is no hope Of relief before
the close of the lake season early in
December. That will divert a consider
able tonnage eastward. It will no doubt
afford a measure of relief to this mar
ket and other points that can be freely
reached by rail, but it is doubtful II
much extra tonnage can be diverted to
New England because Of transportation
obstacles. Prices at the local ports, as
we'll as on line shipments, have ad-
vanced fully so cents in the last week.
Frisco Reorganization. & W.
Seligman e. Co. and Speyer & Co., re-
organization managers of the st. Louis
& San Francisco, announced yesterday
that the new company will probably be
ready to issue its temporary securities
on November s.
United Alloy Steel Election. Edward
A. Langenbach, president Of the Barber
Manufacturing Company, has been
elected chairman of the board. Harry
Ross Jones has been made president,
f. f. Rogers vice-president and f. l..
Hang secretary and treasurer. The
board of directors consists of the fore
going and William II. Woodin, Z. II.
Wells. H. A. Colby, Bayard Dominick
and John w. Prentiss. The last two
represent the bankers in the new cor
poration, while the others are heads OF
concerns which are regular customers.
American Hide and Leather.-Follow-
inc n meeting of the board of directors
yesterday reorganization plans were
declared to be at deadlock. 7. S.
Haight said that no readjustment plan
was feasible which was not approved
with substantial unanimity by the
shareholders" The company's poor
earnings for the September quarter,
made public yesterday, were attributed
to lack Of war orders" The earnings
were the poorest shown for any quar-
ter since the beginning Of the war.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-25
Dividends
Regular

Greene Consolidated Copper. Regular
quarterly dividend OF 81 q share.
National City Bank.--Regular scmi-annual
dividend OF per cent. payable November
to stock Of record October 26.
Illinois Traction.-Rcgular quarterly divi.
dend OF y Of / per cent on the common
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-25
CORN PRODUCTS
MAY BE SPLIT
INTO 4 UNITS
Government Plan for Dis
solving Combine To Be
Presented Next Week

Plans for dissolving the Corn Prod
ucts Refining Company, as they are e1-
pected to be outlined in a decree to be
filed by the government in Judge
Hands court a week from to-day, it is
learned from authoritative sources, In
volve the creating Of four units to take
over the assets Of the present corpora
ton.
Present stockholders, II Is said, will
be enjoined from holding securities in
more than one unit. In that way it is
hoped that each of the four units will
become strictly independent and
thrown into absolute competition with
the other three.
In working out a plan for dissolving
the Corn Products combine the govern
ment officials, It is declared, have been
guided by a desire to avoid all grounds
for such criticism ~ has been pro-
voked by the apparent failure Of dis
solution proceedings both in the case
Of the Standard Oil Company and the
American Tobacco Company to bring
about the kind Of competition desired.
What steps the Corn Products off,
cials have taken to comply with the
order of the court that the company be
dissolved as a trust operating in re-
straint Of trade have not yet been made
public. At special meeting Of the
directors held last June it was unani-
mously decided to appeal the dissolu-
tion decision.
Federal Trade Commission to Act
Any plan which the company may
submit as we'll as that drawn up by the
government will have to go before the
Federal Trade Commission for ap-
proval and then be reported back to the
court for confirmation. 1t will be the
first dissolution problem to come up
before the Trade Commission for de-
cision.
The properties owned and operated
by the Corn Products Company are the
Argo plant, near Chicago, with capac-
ity for grinding 10000 bushels Of corn
a day; the Edgewater plant, on the
Hudson River, with a capacity Of 3d.
600 bushels; another of the same ca
pacity at Pekin, H.; two smaller syrup
plants, one located at Granite City
H., and the other at Davenport, Iowa,
and starch works at Oswego, N. Y.
Details as to how 1t is proposed to
group these different properties into
four units are awaited with interest
During the hearing Of the suit
against the company it was brought out
in the evidence that its total assets had
an approximate value Of s20,00O,OOO.
The authorized capital stock of the
company consists of s5O,OoO,o0O COM
mon and s3O,OOO,oOO preferred, practi-
cally all Of which is outstanding, while
upward of ss,OOO,OOo bonds have been
issued.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-25
Tuesday, October 81, 1916.

The stock market suffered what
Stock Exchange traders diagnosed
as a Wilson SILVER. But the stock
market now is thing that shivers
very easily. 1t is not sick; it is only
stuffed. So much blood has gone to
its stomach to attend to the business
of digesting profits that its exterior
is extremely sensitive. Tactic SEN
sations are imagined when there has
been nothing to produce them. A
sensation of shivering may be
ascribed to fall in temperature, as
one says, on going into the air after
a very heavy meal, that it seems to
have turned cold, whereas the tenn
perature is the same as before. The
stock market is overnourished. 1t
is fat and body conscious. 1t fears
for its health, and has a morbid In
terest in its own symptoms.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-25
Other Cities
Flour Prices |

Flour Prices Up Again.-Minneapolis;
Mimi, Oct. 24.-Flour prices continued
TO rise here to-day. Fancy patents were
quoted at 80 barrel, an increase OF
10 cents over yesterday. First clears
sold at $500, an increase Of 30 cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-25

Japan's milling industry 10 making
steady progress; her annual import OF
-four before the Russo-Japanese War
was valued at 100000, whereas she
is now able TO export the commodity
In an increasing amount each year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-25
The Dollar in Foreign Exchange

Exchange on Vienna went to a new
low record when kronen checks sold at
1872, compared with 11.9S the day be-
fore. Marks were slightly easier. Swiss
exchange continued strong, checks ad-
vancing from 5.27A to 6.26. There was
no change in sterling.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-25
News Digest
Foreign

London Markets.-London, Oct. a.
Government disbursements increased
the supplies Of money to-day. Discount
rates were steady.
The near Eastern war news keeps the
stock market dull and easy. Gilt-edged
securities lost a fraction to-day on
moderate sales, and Rumanian oil
stocks were weak as a result Of the
setback in the Dobrudja. There was
little disposition to operate anywhere
except in the American section, which
was the bright spot, with good bust
ness in low priced shares and United
States Steel. Brazilian bonds were
frmer.
Money, s per cent; discount rates,
short and three month bills, 81 to
SIS per cent; gold premiums at Lisbon,
$500.
Paris Bourse.-Paris, Oct. 24.-Trad-
ing was quiet on the Bourse to-day.
Three per cent rentes, 81 francs 10
confines for cash; exchange on Lon
don, q francs S1h confines; per
cent loan 90 francs
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-25

The above rates express theMSt OF
foreign money In terms Of theSf4heri-
can dollar. You buy an English pound
sterling for 34.75ii; the intrinsic par
ity Is s4s6% 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 10 greater than the demand In
this country for pounds with which to
settle accounts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-25
New Railway Head. -St. Joseph,

New Railway Head.-St. Joseph, Mo-,
Oct. PAT meeting OF the directors
of the st. Joseph & Grand Island Rail-
way to-day +. +. Calvin, of Omaha.
president Of the Union Pacific, was
made president. G. G. Lacy, of st. Jo-
seph, retiring president, was elected
vice president and was made treasurer.
Alexander Millar, of New York, was
elected secretary, and f. Stenger was
reelected general manager.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-25
boston Coppers.-Boston,

Boston COppers.-Boston, Oct. ~
Taking profits from the advance which
had carried copper shares within a
point of the years highest average I'M
settled the local market to-day. Recess
sions set in at midday and caused q
marking down Of most issues. The close
was colorless. Copper Range, I'M;
Allouez, 70; CRANKY, 9Ih; Old Domin-
ion, 20.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-25
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, 1916-10-25

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: