davidaulloa/AmericanStories huggingface dataset:
The Alaska daily empire., 1916-10-05
COPPER MARKET IS BOOMING IN
 UNITED STATES
Forty Per Cent. of the Pro- duCtion For Next Year is Already NegO-
 tiated For

BOSTON, Get. 5.-since the first of the year, including the current AS, 100000 pound sale, Great Bri- tain and her allies. France, Italy and Russia, have taken out of the mar ket about 920,OOO,OOO pounds of cop per. England in January bought 12O, 100000 pounds for delivery this year. at an average of % cents a pound. France in April, bought 1OO.OOOOOO pounds, for which she is understood to have paid 2 cents.
 Following the French order came a contract placed by Great Britain for herself and allies for 2OO,OOO- GOO pounds. Since then Russia, to- gether with France and Italy, have purchased about 52,OOO,OOO pounds. The aggregate of all these sales has called for thae expenditure ofd about S28O, 100000. J. p. Morgan & Co.,. conducted the negotiations on be- half of Great Britain and her Al. lies.
 The current transaction of 44S,- 100000 pounds will take practically one.fourth of the copper, it is esti- mated. that American mines will produce in 1917. In connection with this sale and the large transactions closed with domestic consumers and individual foreign ammunition manufacturers. approximately 70 per cent of the copper this country will produce in 1917 has already been sold
The Alaska daily empire., 1916-10-05
woMAN's SOCIAL UNION.

The Womans Social Union will meet with Mrs. John Scott, GIG East Street. Friday afternoon at o'clock.
The Alaska daily empire., 1916-10-05

Give US your next order for trans. fer work or coal. Juneau Transfer Company. Phone 4s.
The Alaska daily empire., 1916-10-05
CROWN PRINCE
 DENIES ALLIES
 CAN MAKE CAIN
Is Certain Ententes on Somme Cannot Break Through Front on
 the River
HAS BEEN REINFORCED

BERLIN. Oct. 5.-The latest fight ing on the Somme evidently has not shaken the confidence of Ger man military leaders in their abil- ity to prevent the breach of their line. The Berliner Taggeblatt's special war correspondent interview ed Grown Prince Rupprecht os Ba- varia, commander of the German forces on the Somme Tuesday
 The Crown Prince is quoted as having said that since the often sive started the Entente Allies had gained some ground. but there could be no thought of this decisiyely changing the situation.
 "It is impossible to predict how things will so hereafter" said the Price. but one thing is certain, namely that we have everything thoroughly prepared that we are able to keep the situation with equanimity, whatever somes. The offensive will certainly not reach an early end.
 Expects Heavy Offensive
 "We can reckon upon an oflen- sive of great strength and with heavy attacks, accompanied by an enormous expediture Of ammunition. But we have taken precautions. Our artillery has been reinforced, and likewise our aeroplane corps and our fliers have had line successes in the last few days. Although they have had hard fighting against increased numbers, they are doing exceptionally we'll Our artillery de- rives advantages from the success full work of the aeroplanes, after having formerly been much exposed to observation by hostile ayiators.
 "Our troops have been striking with the utmost strength and the enemy has found the nut too hard to crack. It is my distinct opinion that the enemy is trying to force a decision at this spot and during the year, and he has not yet sue ceeded. He will have to put up with a winter campaign and con tinue his fighting next year"
The Alaska daily empire., 1916-10-05
NEW PRINTER IN TOWN

A new printer arrived in Ju- neau this afternoon and about the first utterance made was whoop for "copy." This printer is a nine and a half pounder and he arrived to gladden. the new papa and mama, Mir. and Mrs Carl C.. Johnson. MT. Johnson is one of the typists on The Empire and Mrs. Johnson was a well known young lady of Seattle.
The Alaska daily empire., 1916-10-05

Fl. T. Booth. representing the Nor thern Bond & Mortgage Company of Seattle of which John G. Price, for merly of Alaska, is president, and Mrs. Booth arrived on the Spokane and are ct the New Cain Hotel.
The Alaska daily empire., 1916-10-05

Fresh and Olympia and Eastern Seal Shipt" Oysters, $1.OO quart, soc pint. Also fresh Eastern oysters on shell and oyster cocktails at J. Raymond's, Phone 17S. If.
The Alaska daily empire., 1916-10-05

The first triple alliance, so-called, was that concluLed between England, Sweden and Holland, in 1868, to pro- tect the Spanish Netherlands against the encroachments of the French.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-29
Tuesday, November 20, 1916

We have the perfect instance OF
what awkwardness, confusion and
hitter misunderstanding may result
from lack of cooperation. Wall
Street launches propaganda on be-
half Of foreign borrowers, who
theaten to overwhelm our banking
system with gold unless we agree to
give them credit on easier terms.
The climax comes in the form OF an
announcement that a private bank
ing firm is authorized by the British
government to print and float unse-
cured Treasury bills among the Amer
lean banks. That is amazing. The
amount proposed to be issued is in
determinate. 1t may be 100000
600. II may be ten times that
amount. The financial community
is filed with vague uneasiness. The
belligerents are now going to finance
their buying Of war merchandise In
this country az they finance it at
home; that La 10 say, by printing a
substitute for money and circulating
It through the American banking
system.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-29
Relevant
Information

Corn Products.-Shares Of the Corn
Products Company were among the few
industrial issues that closed with net
gains yesterday. The common. on deal
ings of $500 shares, went as high as
q and closed fraction up at rs. The
preferred advanced y TO 108A. For
tho first time since its organization
this company is showing appreciable
earnings on common shares. From the
statement Of earnings already reported
by the company for the nine ssonths
ended September 30. it is estimated
that more than So a share will be
earned on the common in 1915, after
allowing per cent on the preferred.
In 1915 earnings for the common we're
about 81 per share. Prior to 1915 the
common had practically no earning
power. Dividends on the s30,000,000
preferred, which Is per cent cumu-
lative stock. have been paid at the rate
of per cent year for a number of
years. Accrued dividends on this issue
now amount to about 10 per cent, or
s5,700,000. A plan for recapitalizing
the company In connection with the
elimination Of the preferred dividends
In arrears and effecting a reduction In
the total amount of stock outstanding
has been suggested from time TO time.
Some plan of reorganization seems
likely to be brought about as a result
OF the dissolution decree secured by
the government in its suit against the
company under the antitrust law.
Texas Company.-Dealings in Texas
Company stock totalled approximately
1000 shares yesterday. with q net de-
cline Of ~ points at 231.
This is one Of the leading indie
pendent producers of the country and
is engaged in the transportation,
manufacture. purchase and sale Of pc
troleum and It's products. The COM
pany owns and operates extensive re-
fineries, pipe lines, tank cars and tank
steamers. It's principal properties are
located in the Texas. Oklahoma and
Louisiana oil fields. There Is 44,400,-
600 outstanding OF an authorized stock
issue of s55 ,OOO.OO0 The dividend was
advanced In 1914 from 81 per cent to
10 per cent, the present rate. At
recent meeting of tho company il was
voted 70 issue an additional 10000 900
OF stock. making up the full amount
This is being sold TO the
stockholders at par. In the year ended
June 30 last the company earned 4I.49
per cent on the stock outstanding, COM
pared with 2l.3l per cent in 1915 and
2O62 in 1914. After dividends and
other charges s1o,54s, 900 was added 10
surplus, against s3,39S,S27 the year
before.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-29
ROCK ISLAND PLAN IS
MODIFIED BY COMMITTEE
Chicago Interests Want Pre-
ferred Stock Callable at 105

Seward Prosser, chairman Of the re-
committee of the Chicago,
Rock Island q Pacific Railway, issued
the following statement yesterday:
An informal conference was held to-day
between Frederick w. Scott, Harry Bron-
ner. James A. Patten and Charles G.
Dawes and the representatives of the reor-
ganization committee of the Chicago. Rock
leland & Pacific Railway. The conference
resulted in a completed understanding be-
tween the interests represented. and - q
result these gentlemen announced their in
tention Of depositing the stock which they
own and represent with the reorganization
committee under the plan. The reorganiza-
ton committee has agreed. pursuant to the
request OF these gentlemen, who represent
important stock holdings in the Rock Isl
and. TO modify their plan so that the per
cent preferred stock given in exchange for
new money be callable at los. and that the
6 per cent preferred stock, payable to the
present holders of debentures, be retirable
at 1902. The committee representing the
debentures of the Chicago, Rock Island &
Pacific Railway Company has given notice
10 Receiver Dickinson. pursuant TO agree
n1ent, advising that the committee will upon
November 30 request the Bankers Trust
Company's trustees OF the debentures 70
declare the principal due. This is another
step in the direction of completing the
plan of reorganization.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-29

West indicate some frming up In rates
in the near future. Such changes are
Of seasonal character. but most OF
the large banks are well loaded up, due
to the demand for money, business al
ways being active at this time OF the
year. Brokers are calling for larger
margins. on account Of the higher
prices OF stocks, not from a preeau-
tionary measure. but rs simple busi-
ness proposition. Discount rates on
call remain steady, at 4 per cent, with
81 TO 4 per cent on commercial paper
and ~. 70 per cent over the counter.
Savings banks report a good incresse
from the date Of the last call, and de-
posits at all of the principal financial
centres have advanced very materially.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-29

The method Is 10 Be more lax in
this country than at home, for,
whereas the British Treasury regu-
larly publishes a cumulative state
ment Of its growing debt showing
Row many bills are outstanding,
there is to be apparently no means of
knowing at any given time how many
Treasury bills have been sold to
American banks. 1t is to be left en-
tirely in the discretion Of bankers, as,
indeed, it might be, provided bank
ers were collectively responsible for
the state Of credit. They are not.
Each banker is for himself, subject
to the temptation to make his assets
earn dividends and chargeable only
for the solvency Of his own institu-
ton. When he talks about it he
naIvely and unawares advertises his
collective responsibility. Mr.. Davi-
son goes about making speeches, say
ing that if we do not give our Eu-
ropean customers credit on easier
terms they will gorge us with gold,
and that we cannot prevent the build
ing of a dangerous credit structure
upon gold. Fancy bankers subscrib-
ing to the proposition that they are
collectively powerless to control
credit imitation. If the gold is al
lowed to come in it will perforce pro-
duce imitation, as if it were the gold
that loaned itself into credit, bank
ers standing helplessly by, protesting
their inability TO stop the thing. And
yet what Mr.. Dawson says is main
ly true. What he predicts would
happen, not because of being inevi-
table, but because there is no col
lective responsibility among Ameri-
can bankers for the state of Ameri-
can credit.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-29
The Dollar in Foreign Exchange

Further declines were registered in
Teutonic and Russian exchanges yes
terday. German marks dropped to
now low record OF 67h cents for four.
compared with 67ts the day before.
Vienna exchange went 70 lilo cents,
compared with 1l.75. The decline in
Russian bills carried rubles to 29.S5
cents, against 1920 the day before.
Slight declines also were noted in
sterling bills, with sight drafts on Lon
don closing at s4.75 Ole. Italian lire
dropped to e.7SA, against close the
day before Of e.72.
Higher money rates was one OF the
chief influences governing movements
In this market
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-29
DIVIDEND PASSED ON
ACCOUNT OF STRIKE
Third Avenue System Loses ST.
$4,000 Net Income In 4 Months

Directors Of the Third Avenue Rail-
way system yesterday passed the quar-
terly dividend Of per cent on the COM
pany's stock. Following the meeting,
President F. w. Whitridge issued the
following:
The statement for four months shows
that there is in the operating revenue de-
crease Of 81 .433.92l and that there Is a de-
crease in the net income Of sl.2S2,l54. This
latter sum may be estimated 10 be the net
cost Of what the strike has cost the Third
Avenue Railway during the last four
months. That performance is practically
over.
The service on all the lines under the jur-
isdction OF the Third Avenue Railway Com
pany Is now normal except in the town OF
Yonkers. where the service Is between 80
and 60 per cent normal
Income report for the month and
four months ended October 81 com
pares as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-29
Finance Economics
GARET GARRETT Editor
WALL STREET OFFICE; Telephone'
Bull Broad 81 Hanover 6bl%

desirable that a limit should be set
upon our exports of merchandise to
foreign countries, because, after we
have begun to export one-tenth Of our
total production and prices have wild
ly advanced, a point is near, if not
already reached, at which e profits
are illusory and the trade becomes
more liability than an asset. To
determine such limit reason should
be invoked, whereas suddenly the
ma ter Is cast into the field of emo
tional consideration and a contro-
versy arises in which each side &C
cuses the other of unreason, bias and
political intrigue.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-29
New York

New Company Takes Over Mills &
GLIB Assets.-In an order made yester-
day in the Federal District Court Judge
Julius NJ. Mayer granted permission to
B. W. Jones, who represented the re-
organization committee in the purchase
of the assets of Mills & Glib, to assign
and transfer the assets to the NJ. g. G..
Properties Company, Inc. which has
been organized to continue the bust
ness. The new company, as assignee
of the claims and suits held and
brought by Mills & Glib, is authorized
in the order to continue the proceed
ings In the name of Receivers Poor and
or in its own name.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-29
LARGE GAIN MADE BY
MINNEAPOLIS 9 ST. LOUIS

Gross receipts Of the Minneapolis &
St Louis Railroad for the year ended
June 80 last, as shown In the COM
pany's annual report were s10,72l,-
512, an increase Of s6o9,537 over the
previous year. Operating income
amounted to s3,229.511. a gain of
s4s6,S07. The years surplus after
charges was s652,245, equal to 1914 per
cent on s6,264,77O preferred stock out
standing. against 80 per cent earned
on 1888, 0e0 preferred stock In 1915.
A summary Of the 1915 income COM
pared with the previous year follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-29

A certain moral responsibility for
the safe and sane conduct Of Ameri-
can banking has been conferred,
however, upon the Federal Reserve
Board at Washington. It's powers
actually are very limited. 1t can i'm
pound gold so long as the bankers
individually are willing to let go Of
the precious metal, but it cannot con-
troll what 1t has impounded, for the
bankers have the right to demand
their gold back. Therefore, the Fed
eral Reserve Board, like the bankers
collectively, is powerless to prevent
foreign gold from being used as the
basis for a dangerous credit expan-
sion. But still it has some moral
power, and this it exercises suddenly
in a way to discredit the propaganda
launched by Wall Street on behalf
of our foreign borrowers. 1t ex-
presses openly and publicly its mis-
givings as to the flotation Of British
and French Treasury bills to an IN
determinate amount, much to the
surprise and dismay Of Wall Street.
II goes further. II warns the pri-
vate investor against an overenthus-
iastic and unthoughtful participation
in the war loans Of belligerent coun-
tries, especially the unsecured ones,
saying at the same time in effect that
Il exceeds its powers TO discuss the
position of the private investor at all
and disclsiming any intention TO re-
fleet upon the credit Of foreign coun-
tries. The effect is very unfortu-
nate. First, the bankers who had
been intending to float the Treasury
bills are put upon the defensive, and,
secondly, doubts are created In the
public mind toward foreign war
loans.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-29
Food Conservation

Exports Of cheese from Switzerland
for the first half of 1915 were only "a
5ss 900 pounds, compared with 44,s1l,-
900 pounds for the corresponding
period in 1915. This falling off, to-
gether with a decrease in exports OF
chocolate and condensed milk, is at
tributed to the policy Of the Swiss gov
eminent to conserve the nations food
supplies.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-29
.SUSPENDS MONEY
ORDER SERVICE.
Am. Express Co. Will Make
Remittances to Germany
Hereafter by Wireless

The American Express Company an
nounced yesterday that, owing TO the
uncertainties of the mail service TO
Germany and Allied countries, it would
be necessary to suspend the forward
ing of remittances in that manner.
From now until the end Of the war
the company will use wireless for
transfer of funds Of these countries.
An official statement sent to all
agents and correspondents Of the COM
pany said:
As Il seems 10 be quite definitely estab-
lished that, under prevailing conditions, re-
mittances by mail to the Teutonie Allied
countries cannot be effected with any de-
gree of certainty. and since a continuance
Of this business would only result in dis
satisfaction and disappointment TO our
patrons, we have decided for the time being,
or until more normal conditions are re-
stored, not 10 undertake 10 effect payment
of foreign money orders or mail transfers
destined TO Germany. Austia-Hunsary,
Bulgaria or Turkey.
Until recently the company has been
taking chances with the British censor
ship and has been partially successful
In getting money orders into Germany.
Lately, however, so much difhculty has
been encountered as 70 render 10 utter
ly impossible to depend on the mail
service.
In substituting the wireless as the
only sure means Of getting funds into
Germany the express company is fol-
lowing the example Of Wall Street
banking houses with Teutonic connec-
tions, which long ago were compelled
to abandon the use of the malls be-
cause Of the stringency Of the British
blockade and censorship.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-29

1t is not unwise for American
banks to buy British and French
Treasury bills The only question is
as 70 the extent TO which their funds
should be employed in that way, and
this, one would think, might have
been a matter Of quiet understand.
ing between the Federal Reserve
Board on one side, and, say, 100 re-
sponsible bankers on the other. II
is not improper TO say what the Fed
ersl Reserve Board has said about
the participation Of the private In
weston In foreign war loans. The
question there is as TO the time and
manner Of saying Il Above all, II Il
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-29
WHEAT FALLS
AS DELIVERIES
DRAW NEAR
Enormous Selling in Chi
cago Suggests Difficulties
in Handling Cash Grain
Chicnoo. November 2S

Chicago, November 2S.
Spectators who have been hoping to
realize 81 or even as high as SO a
bushel for wheat bought on margins
were thrown into q panic to-day, when
In the last hour Of trading prices
tumbled to the extent of over 10 cents q
bushel.
When the excitement attending the
close, which was about the widest ever
witnessed on the Board Of Trade, had
died down, traders who had not COM
pletely lost control Of their faculties
endeavored 70 sift out from bewilder-
ing mass Of rumors Of q nature to dis
turb the equilibrium Of the market the
real reason for the extraordinary
slump.
Uppsrmost in the minds Of those who
NAV be considered tho best judges Of
market conditions WAS the fact that
next Friday win be the first day for
making deliveries Of wheat on Deem
Der contracts, and many million bush
els OF the actual grain now stored in
elevators here are then expected to
change hands.
While those who bought December
contracts with the intention of taking
in the grain on delivery presumably
had made the necessary arrangements
with the banks to finance such pur-
chases, there was a feeling In some
quarters that the statement issued BY
the Federal Reserve Board cautioning
against investments in short term notes
issued by foreign governments may
have seriously upset plans for fnanc-
ing purchases of wheat for the account
Of the Allies.
Railroad Embargo Serious
Also there was sudden realization
that notices, which have been given
out by one railroad after another Of
late, that grain shipments for the pres
ent could not be accepted virtually
amounted to an embargo on grain ship
ments to the seaboard, and the conse-
quences implied by this state of affairs
il 1t should continue for long took on
a serious aspect
The selling suggested that dealers
who had bought wheat for shipment
next month had become fearful Of be-
ing able to ship 1t out, and, therefore,
made a rush to liquidate their hold
ings rather than run the risk of pay
ing storage and insurance charges for
an indefinite period pending the lift
ing of the embargo by the railroads.
German submarine activities pos
sibly influenced selling on the part OF
many who were fearful lest the sink
Ing of more ships might result IN a
further lessening Of vessel room at
the seaboard, and thus further curtail
exports.
Partial rallies In the last few min
utes Of trading were probably due to
covering Of short sales showing I'M
usually large profits quickly made. On
the final transactions the December
was selling anywhere from s1.e6 to
sl.67 and the May from sL74b to
s1.75, with the market as a whole
ranging from to 7S cents a bushel
under Mondays close.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-29

The above rates express the cost OF
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling for .4.75tsj the intrinsic par.
ity is s4.S6$ 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 thi'
country is greater than the demand in
this country for pounds with which u
settle accounts In England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-29
Missouri Pacific Plan Operative

Kuhn, Loeb & CO., reorganization man.
ayers Of the Missouri Pacific Railway
and the st. Louis, Iron Mountain &
Southern, announced yesterday that
the plan of reorganization had been
declared operative. Further deposits of
securities, however, will be received up
TO January 5, 1917.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-29

Italian ships Of over 800 tons are TO
pay tax Of one-tenth of per cent Of
their value in order TO constitute a
prize fund for the crews of the Italian
merchant vessels who defend their
ships from the attacks of enemy war
ships.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-29
Dividends

Haskell 4 Barker C2r.-initisl quarterly
dividend OF IS cents a share. payable Jsnu-
airy TO stock OF record December Is.
Buffalo d Susquehsnna Railroad Corpsra-
tion.-Dividend Of 3 per cent on the common