davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-17
10 Industrial & Mining Stocks

The contrast is striking. The IN
dividual changes in the railroad
group are unimportant. The aver
age price of the fourteen issues
slightly advanced. The losses IN the
the industrial and mining group are
very severe. The average loss IN
this group Of sixteen stocks was l51R
nnints
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-17
News Digest
Foreign

London Stock Market Cheerful
London, Dec. l6.-Money was in fair
demand to-day. Discounts were quiet.
The stock market was more cheerful
than for some time past on the war
news. Most sections record gains.
Consols we're per cent higher and
the war loans showed hardening ten
dency.
Home rails were feature, running
more than a point higher, and other
prices for the most part moved up
ward in sympathy. Shipping shares,
city service securities and American
Marconi stocks made the best showing
in the industrial section. Dealings,
however. were only moderate.
American securities were in GOOD
demand at the low prices. The United
States Steel stocks were the frmest.
Money, "A per cent Discount rates,
short and three-month bills, 5is95S
per cent. Gold premiums at Lisbon,
1900.
Paris Market Firm Paris. Dec. rs.
Prices were firm on the Bourse to-
day. Three per cent rentes, so francs
80 confines, ex coupon. Exchange on
London, 27 francs 81 y confines. Five
per cent loan, SO francs Is confines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-17
DIVIDEND NOTICES
U. s. Treasury Finances

\ .'1.ngtou, Dec. i6.-The condition
.aiisd States Treasury az the
=. VI business to-day was: Net bal
~ "a general fund, $40, 1886;
! urinary receipts, $3.50, 1886; 20.
~ s'.s'ssry payments, S2,79S,38s. The
az. MS fiscal year is st13,762.7e7.
.slS. Mr. d'aeit Of S52, is5,3SO last year,
a, Ave OF Panama Canal and public
:" nsnssetlons.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-17

German exchange rates tended to
decline yesterday and marks went to
II for four, compared with a high of
rs on Friday. Vienna kronen were also
lower. Yesterdays closing rates, COM
pared with week ago, follow:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-17

The area sown to wheat this season
in New South Wales. Australia, is OFF,
sally estimated at a,52i,000 acres.
against 5,l7l,s last year, or a de-
crease Of i2h per cent
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-17

The possibility Of producing pig iron
in New Zealand on a large scale is be-
ing thoroughly studied by the suthori-
ties az well IS by private interests, ae-
cording to a report from Consul Gem
eral Alfred A. Winslow, al Auckland.
1t is proposed to use electricity for
this purpose instead of coal. There is
an ample supply Of iron orc in various
forms, and plenty OF water power that
may be developed easily TO supply cleo
tricity at an exceedingly low figure.
The report OF the chief engineer OF the
New Zealand government states that
matters are being we'll organized with
the idea Of entering upon this in
dustry on short notice a. soon as plans
are completed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-17

gained from the Sub-Tressury, fl,-
76s,0O0
Silver.-Bars in Lordon, SO 1916
pence; New York, 1874 cents; Mexican
dollars. 500 cents
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-17

Below ia 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, 1916-12-17

The statement disclosed further I'M
movement in the condition Of the
Clearing House institutions. The sur
plus reserve was increased $50 0,OoO'
bringing the item to ,s4,447,OoO. Two
weeks ago the surplus over legal re-
serve requirements stood at S4l 100000
An increase OF s12,O00,0OO in loans
WAS something Of surprise, IN view OF
the heavy stock market liquidation
during the week. Syndicate operations
were apparently on scale large
enough 20 offset the contraction OF
Stock Exchange loans.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-17
New York Federal Reserve

Nelo York, December 10.
Tho condition of the Federal Reserve
Rank of New York at the close of bust
ness Friday, compared with tho preVi-
Gus week, follows;
RESOURCES
Dec. IS. Dec. \.
Gold reserve. .s151 ,376,o62 S148'oTo'l2o
Legal tender .oo, oos
money .. 4792,073 1,3O2,2oo
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-17
Saturday, December 10, 1916

Just as the subject of American
railroad credit begins definitely to
lie recognized as a national problem
the problem being how TO save the
investors faith in American railway
investments-the thing itself is un-
expectedly put to a violent test and
stands it very well. The faith is
great. Confidence in the quoted
values Of securities was deeply
shaken last week. Enormous liquida-
tion occurred on the Stock Exchange.
Out of the confusion a striking fact
gradually emerged. Railroad stocks
we're strong. They were not for sale
at any sacrifice. Several actually
advanced. The weeks net price
changes, gain or loss from the close
Of the week before, arc shown below
for fourteen representative railroad
stocks and sixteen representative IN
dustrial and mining stocks:
- e
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-17
WANT $4,000

= -erp ptnt s-d fr o-der in hend at rs
Fo'1 n c.1-srs rkrd n.l'l AID over Tor
-. e. after ne VA
WI so preferred interest tnd are 70 -
~ a. u0res alflar.t before division oi
i-esg Nu mr1H Bank references " hs-
.oclsls Principals wishing t-A yarlcAsfA
L b0I lyo. lcll.e Oroc
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-17

Union Paci6c.-This was one OF the
strongest Of the railway stocks yester-
day, advancing 2 points TO 1861 on
dealings of 10000 shares. On the
weeks dealings Union gained la
points. Its low for the period was
l42'2. This compares with a high for
the year of l53s made last month, and
a low OF 1924 made in April. Union
Pacific Is earning nearly II per cent on
the S222.29l 900 of common stock at the
present and paying per cent in divi-
bends. Net earnings in the fiscal year
ended June 30 last were at an annual
rate of 1866 per cent on the common.
The last annual report showed that the
Union Pacific Company owned $685.
55f OF stocks and bonds representing
investments in affiliated companies and
Sl92,l75,53l in securities of other COM
panies, total Of Abb ,Oss. Income
from these investments amounted to
SlO,86O,S75 and the average yield on all
investments was ~ per cent Last
year the income from investments was
about % per cent OF the net income
available for dividends, so that large
part OF Unions dividends are earned
independently OF transportation opera
tons. For example, last year the In
come from investments was sufficient to
pay the 4 per cent preferred dividends
amounting to s3,9s1, 74o, after which
there remained s6,s79,lS5 for common
stock dividends.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-17
Corporation Returns

Toledo. Peoria & Westsrn.-Report for the
year ended June 80. 1916. compares as fol-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-17

There are those who maintain that
railroad credit needs TO be saved
from utter prostration. They prove
il statistically. There are those who
say, on the opposite hand, that rail
road credit was never so good as now
is the case. And they can prove it
statistically. The disagreement is
in the angle of view. The railroad
PEOPLE are looking to the future. The
others are thinking Of the present.
Both are right. Perhaps never be-
fore was railroad credit morally and
actually higher than at the present
time. Yet, the problems of the fut-
ure arc going to be very troublesome.
The investor, in any case, is well
protected. If regulation fails, the
alternative is government owner
ship, and that is something that con-
Germs the investor less than the pub
lie. The investor would be bought
out. The public would have to pay.
In the meantime, enough intelligence
has been developed by friction of
ideas and prejudice to guarantee
not only the solvency of the Ameri-
can railroad system so long as it re-
mains in private hands, but 4 rea-
sonable margin of profit. The gov
eminent is committed to the PROPOSE
ton that to keep rates at level
10 yield fair returns on the capital
invested, with a surplus over for i'm
provements, is a matter of public
policy.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-17

rectors want the present dividend doubled
70 $50. but the minority stockholders still
insist that II is foolishness to permit such
small number as 10000 share, to repre-
sent the division Of $4,000. 900 in prop
erty having a manufacturing capacity one
quarter that OF the Steel Corporation, with
It's more than billion Of debt and pre-
ferred stock and 5.oso.OoO shares of COM
mon.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-17

Clearing House Statement.-The act
nal condition Of the New York Clearing
House banks on Saturday was as fol-
lowe.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-17

its market value that might be
earning 100 per cent and paying
%. Several months ago banks that
lend money on Stock Exchange col
lateral began to bear down on indus
trial stocks, requiring larger mar
gins and higher rates of interest
than on railroad stocks. That was
one thing that caused money TO be-
come Unexpectedly scarce. Brokers
had plenty of collateral and the
banks had plenty Of funds, but the
brokers collateral consisted very
largely Of industrial stocks on which
bankers were increasingly disin-
clined to lend freely. One Of the
largest Wall Street banks for many
weeks had loaned money on indus
trial collateral on what il called "an
overnight peace basis" which meant
that it would lend only 40 or 80 per
cent Of the market value of a war
stock, though it was still willing to
lend up to so per cent Of the market
value of a railroad stock. The eX-
PLANTATION of this so-called discrimi-
nation is simple. 1t goes back to
the primary question Of railroad
credit. The banker has more conf
dence in railroad securities than in
eny other kind. He shows it on
these occasions. So does the inves-
tor; so do the spectators.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-17
Bank EIchanges.-The days clear

mrs at New York and other cities;
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-09-12
CHAPTER MN.


Now that / had accepted Mrs. Frank
lynS invitation, l commenced to feel
frightened. l had taken the first step
in asserting myself-my right to live as
other Young people lived. Then 1 wond-
cred what l should do if Clifford
changed his mind, and should not wish
me to go, even after what he had
said!
l determined to go anyway. And il
he were cross why, the story in the
magazine said that "the woman always
had TO pay" If necessary, 1 would
pay.
Woman's Eternal Interest.
After hanging up the receiver, at
once looked over my wardrobe. l had
been i'll SO long; had been out in So
ciety so little, that I feared l should
have nothing quite suitable for the din.
ner. But l found white crepe dress
l had bought in Paris, and had worn
but two or three times, quite in style
for Glendale, 1t had been an extreme
style when bought it, but was very be-
coming, l should need new gloves.
slippers, and some other things; so l
immediately dressed for the street. l
called Mandy and told her to bring the
baby and we would dc the marketing
first; then would 60 on to the stores.
"That s right, honey, Go buy some
thin, 70 amt had no pritty things in
long time. !"
"I'm going to a dinner party, Man,
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-09-12
CLIFFORD AS A CONNOIssEUR OF FASHIONS
Jane Phelps

dy! \ real party" 1 couldn't help
being happy over the prospect and /
must tell some one.
That's right, honey. that's right" "
l kept busy all day-so busy 1 did
not have time to think very much about
Clifford s refusal to go; and no time at
all to grieve over it.
"Well, what have You been doing all
day9" he asked when he came in. "Ly-
ing down. You look very well tonight, -
he looked at me critically.
Lying down.n l repeated. 81
should say not! I've been as busy as a
bee all day. l told Mrs. Graknlyn
would dine with them when she insist
ed upon by coming after told her you
had an engagement. And as L have
been nowhere in so long. had to attend
to my clothes"
"0h, l see,'
81 went down town and did some er.
rands. 1 bought some new gloves and
slippers and things. And oh. Clifford,
nearly forgot, had to charge them,
1 didn't have enough money to get
what l needed"
"Charge theml Who told you YOU
could charge things to mes You're get.
ting mighty independent. Dom YOU
ever do such a thing again without ask.
ing my permission! :" His voice was
harsh and angry.
Petty Tyranny.
had risen to get my purchases TO
show him, but at his angry tone and
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-09-12

tive. he was displeased. Yet had 1 ask
wards l sat down again. Ny pleasure
In the dainty trifles was completely
spoiled. Clifford was neither poor nor
ungenerous; but he wanted to be cou-
suited about everything that was done.
Because L had acted on my own initia-
ed him to go with me. he would have
refused. | sighed as thought how i'm
possible 1t was to please him.
What do You intend to wear to this
grand affair to which YOU are going
without your husband'" he asked after
few minutes.
Paris"
eco put it onl Why didn't YOU con-
suit met l don't propose to have nv
wife going out looking like a frump.
If 1t is out of style, you can stay al
home.'
'.Oh, it's all right for Glendaleiv
exclaimed. L was frightened lest he
might forbid me to go. "Don't YOU
remember how advanced it was-ex-
treme, almost'"
Well, don't stand talkingl Go pue
it on. 1 m the best Judge as to wheth.
er 1t is all right for you to wear.''
l had been pleased as child that
he had wanted to see me in the dress:
but now was chilled and frightened.
suppose he made it an excuse to forbid
me to goi
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-09-12
Governor Appoints
These As Delegates

AT request of the internationa
farm congress, Governor Withycombt
has today appointed the following mer
to act as delegates from Oregon. to at
tend the eleventh annual meeting OF
the international farm congress to bt
held at FL Paso, Texas, October II tC
26, 1916:
W. l.. Boise, Portland.
VIM. H. Colvig, Portland.
VIM. Constantine, Portland.
VIM. II. Daughtrey, Portland.
Jesse Edwards, Newberg.
VIM. Hanley,. Burns.
A. H. Lea, Salem.
Mark A. Mayer, Portland.
o. NJ. Plummer, Portland.
C. S. Hudson, Bend.
Judd Fish, The Dales.
Fred N. Wallace, Tumalo.
Guy LaFollette, Prinevillc.
w. j. Furnish, Portland.
Wesley O. Smith, Klamath Falls.
John II. Lewis, Salem.
DR.. H. w. Coe, Portland.
Fl. C. Levens, Burns.
W. J. Townley, Union.
j. +. Blanchard, Prineville.
O. Laurgaard, Portland.
Vernon A. Forbes, Bend.
J. n. Williamson, Prineville
r. n. Stanfield, Stanfield.
+. S. Stanley, Portland.
j. T. Hinklc, Hermiston.
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-09-12
CAMPAIGN WHISPERS

Charles Fairbanks is man of sense, whose
discourse gives delight. leaned against
his cow-lot fence, and talked with him all
night said, Il wish you would discuss the
issues Of the day." and, with no sign of
futile fuss, he spoke while this way 81
voice my views at your behest-my words
come from my heart; think chin whiskers
are the best, viewed as work of art. 1t is
a awhiskery campaign that now pervades the
land; and whiskers fancy, whiskers plain,
are seen on every hand So far as Whiskers
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-09-12
The TATTLER

x \: X !, X x x I: X X i: X x X
Hop pickers were feeling more cheer
full last night.
Every fire is considered "mys-
terious" by somebody.
Th1re s nothing deadly dull about the
meetings of the state emergency board
You may have observed that the most
of the kicking about high taxes is done
by people who have the most money to
pay 'em with.
Everybody says business is showing
signs of IMP, oyement.
Speaking of signs, town rounder
whose attention was called to a "no
credit notice said he didn t believe in
'em.
There are individuals who in attempt
ing to whistle an old familiar air pro-
duce ar entirely new tune. This tip is
given freely to the aspiring song writer.
Aspiring candidates are beginning to
ask rneir friends if they we heard any
thing.
County Clerk Boyer is somewhat of
linguist. He carried on an animated
conversation with four deaf mutes yes.
terday all at one time.
Excellent shows are reported at all
the theatres.
y town crouch suggests a DINNER
ordinance for some of the girls gowns.
Bowlers are beginning to get the
kinks out of their backs.
The Sells-Floto show is dated in at
Portland, and some Salem kids. with
one eye on the first day of school, are
rondering what's going to happen.
At least two-thirds of the population
has the coming state fair in mind.
\ bunch of gas and a little old Ford
Give some folks reason for thanking the
Lord.
Even the blind may know when the
fruit preserving season is on, because
the stove handle is sticky.
Willamette valley folks don't talk
weather great deal. When the wealth
er's good there are no words to de-
scribe it adequately, and when it's bad
it 5 worse.
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-09-12

concerned, each man must dree his weird and some
say they would be derned before they wear beard
and bunch of hay, to every zephyr flung
and there the orioles in May build nests and their
young. do not favor drastic laws govern whiskernes
let men still grow upon their jaws and chins their patch
of greens. If laws passed boards to kill we'd
surely take it hard let whiskers flourish as they wbut
sideboards should be barred"
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-09-12

The destruction of hops by fire does not mean the loss
of much money it would if the price was higher
which is consong the loser Another fact is that their
destruction does not interfere with the Oregon breweres
as much as it would have done year ago.
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-09-12

All things are possible, except, per-
haps to make a lion of man who
has already made an ass of himself.
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-09-12

If the Bugarians Germans and Austrians have as hard
time getting the bear loose those down about
Eureka are having they have hopeless job However
they do have to wait for the to be right to work
at it. The moon is always right for war.
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-09-12

Now it is Johnny Bulls turn to have labor strike, as
the railway men have decided to strike September II un-
less their pay raised the price of food lowered Not
only are they striking for increase of wages but are de-
mandne that this increase begin on July first of this
wear The leader of the union says the willing to
work at the old wage if the government will see that the
price of provisions is reduced to practically what 1t was
before the war The strike far is confined to Wales,
hut if the demands of the men are granted it said
it will become general 1t rains but it pours is an
axiom England is we'll acquainted with.
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-09-12
- Editorial Page of "The Capital Jouna" [===E==

Rev. Thomas Jenkins, an Episcopalian minister of
Portland in sermon Sunday startled his congregation
destined to disappear" He called attention to the fact
that the scriptures give two versions of the ten COM
mandments which differ widely in the provlsos that had
mode of life that has nothing in common with the
modern for the most part and merely cumbersome
relics of another age He will find many disagree with
him the ideas of revision They recognize the things
that the Rev. Mr. Jenkins calls attention to- but they
hesitate about making changes They say and with much
foundation for the idea that if changes made how
much change be permitted and where will the changes
stop? If the text of the Bible may be altered why not
alter it anywhere? Why not each denomination alter it
as fit? True the Bible has been revised but there
many who question the right of any mortal to
change alter revise in anyway Like every other ques
ton there are those who directly opposite in their
opinions this and Mr. jenkins has started
thing that will cause unlimited discussion.
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-09-12

The New York railway managers ridiculed the strike
at first saving they had the situation well in hand and that
service would not be hampered apprecaby yet with the
strike only four days old the police report traffic as al
most suspended the surface lines And the trouble has
only fairly begun
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-09-12

Clifford Pnchot comes out for Hughes this should help
some in carrying Oregon for Wilson.
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-09-12

Willamette valley folks don't talk
weather great deal. When the wealth
er's good there are no words to de-
scribe it adequately, and when it's bad
it 5 worse.
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-09-12

International Paper stock reached record price in
the New York stock market Friday jumping nearly four
points, and total of points during the week. This
is pretty good evidence that the paper companies are
making most unusual profits and spectators want to
get in on division of the plumber.
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-09-12

Even the blind may know when the
fruit preserving season is ON. because
the stove handle is sticky.
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-09-12

Portland will lay the stone of its big auditorium
next Thursday and has planned great celebration for
the occasion. Among the features is parade with the
Third Oregon participating and there will also be wei
come home to the boys at the time The welcoming
of the Third Regiment boys will include free theaters and
many other nice things including any thing anyone can
think of to make the occasion memorable one Tor the
Third This feature gives it satet wide character and
will cause many from the outside districts to visit the city
on the day. the whole state is desrous of expressing It's
appreciation of the Oregon boys quick response to the
cali of their country The affair begins at 2 o'clock
Thursday afternoon giveing all the valley chance to get
there at the opening and it will be there.
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-09-12

The latest move of the republican campaign managers
is to insist that all college get in and work for
Hughes by explaining to common folks how they should
VOTE Perhaps college better citizens and more
capable of advising those who have not attended college
as to their duties as citizens, but from Missouri
The average farmer give the general of college
information about politics than that class ever
had will have The farmer reads and gets information
while the college man nine times out of ten thinks his
education completed when he graduates. 1t is real!
thoughtful though in the republican managers to think
of the benighted farmer and other non-college bred
citizens who need to be told how to vote.
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-09-12

(TOmOrrOw-Anticipation.)