davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08
Canada Wants q Blacklist.

Attention has been called In these
columns to the fact that blacklist Of
enemy firms has not been established
in Canada. 1t will be reeolleeted that
more than two months ago the British
government established a blacklist OF
United States firms with which citizens
Of the United Kingdom were forbidden
to trade. Much unfavorable comment
has been heard because Canada as yet
has failed to follow the example. As
il is illegal and undesirable for citizens
OF Great Britain to trade with these
enemy firms, it is equally undesirable
for Canadians to trade with them. The
attention OF the authorities at Ottawa
has been called to this matter, and IL
is pleasing 70 know that they are Civ
ing IL consideration. IL Is scarcely too
much to hope and anticipate that the
Dominion, as q unit Of the British En-
pire, will fall into line in this I'M
portant matter as IL has done In others.
The Monetary Times (Canada).
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08
EMMA COPPER ROW
AROUSES CURB MEN
Adds Impetus to Movement to
ReOrganize Market.

Events OF the last week on the
Broad Street curb market in connec-
ton with transactions in Emma Cop
per issues have so incensed inAuen-
tial members Of the New York Curb
Market Association that steps in the
direction of reorganization will
probably be taken sooner than ex-
pected.
f. r. Mccormick, chairman of the
association and also of the special
committee appointed last spring to
draw up a readjustment programme,
said yesterday that while none Of
the recognized curb traders has been
connected with the alleged short
selling in the Emma stocks, the whole
affair has undoubtedly reacted I'M
favorably on the entire outside mar
ket. The principal figure in the trans
actions has been George Graham
Rice, who is now known as pro-
moter of mining stocks. Rice is not
a member of the Curb Market Asso-
citation.
The unfavorable publicity given the
affairs of the curb last week, in Mr..
McCormick's opinion, has added much
force to arguments that the mem
bers of the association should be seq
regated from open air traders who
have no other apparent financial back
ing than their own word.
There will be a meeting of the spe-
cial committee, of which Mr.. McCor-
mick is chairman, on Wednesday to
take up anew the plan that was temp
orarily abandoned early in the sum-
mer owing 70 the opposition of fifty
Stock Exchange firms who have their
own representatives on the Broad
Street market. This plan, among other
things, provided that the members OF
the association should trade under o
roof, have ticker service similar to
that on which Stock Exchange trans
actions are transmitted and that the
rules of membership should be more
stringent.
Opposition from Stock Exchange
sources to the efforts of the curb au-
thorities to improve trading conditions
in the securities that are not listed on
the "big board" is expected to develop
again. No official explanation was ever
given by the Stock Exchange firms 70,
their objections to the plan TO take the
curb indoors. It is now the intention
of the Mccormick committee to have
these objections brought to the at
tention of the public.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08
LABOR TROUBLES
BEGIN in JAPAN
Organization of Workers
Difficult, Owing to Small
Industrial Units.

Although the japanese manufacturing
industry has entered upon the phase OF
modern evolution, the labor movement
there has been slow in its progress and
limited in its extent. Now. however,
signs are appearing that the japanese
laborer, like his Occidental brother, Is
becoming FESTIVE under the new order
of things and Is beginning 20 learn the
importance Of organization.
Recently in an article appearing in
the Japanese section Of "The London
Times" DR.. Kumazo Kutawa set forth
some interesting facts bearing on the
growth OF the movement in Japan.
Owing to the low standard of living, the
claims OF the japanese in regard 70
wages were until recently moderate,
but since the Russian war, on account
of the rapid progress of the nation and
a financial policy which does not hesi-
tate to levy heavy tax on the con-
sumner, the enhancement OF the cost OF
living has been great, while the in
crease Of wages has been less in pro-
portion. This has given birth 90 an
tagonism between capital and labor,
and labor movement has made its APP
pearance as a natural consequence.
The chief difficulty the japanese
labor agitators have been confronted
with in spreading their propaganda has
been the character Of japanese indus
trial life. DR.. Kutawa says:
Japan Is still a land of small industries,
where the concentration Of factories Is at
an early stage. According To official sta
statistics in 1909 the total number OF fac
tories employing over five hands was 1898,
and the woYkpeople in these factories
i,0l2.3i3. six failures, which stand in
a leading position in relation to our ex-
port industries, are conducted on . small
scale In cotton weaving the number OF
mechanical looms u very few, while domes-
tic industry and small manufacturers pre-
dominate. Assuming that the growth OF
the labor movement keeps pace with in
dustrial concentration il is no wonder that
the movement is but poorly developed In
Japan.
More women than men are employed
in Japanese industries, and this Is
given by DR.. Kutara as another Ies-
son why the labor movement in that
country is still in a primitive stage.
The movement is also under legal re-
strictions, there being a "peace pres
ervation law" in Japan which prohibits
any strike, whether carried on through
violence or intimidation, under penalty
Of Imprisonment or fine. This law has
been vigorously enforced OF late, DR..
Kutara says, because the government
has become alarmed over the tendency
of the times.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08
GOLD RESERVES IN
GERMANY INCREASE
Note Circulation Is Covered to
Extent of 81 Per Cent.

Berlin, Oct. Z (by wireless to Say
vile, n. Y)-"Recent publications by
central banks of issue In belligerent
countries show interesting develop
ments since the beginning of the war;
says the Overseas News Agency. AT
the end Of July, 1914. the circulation
OF banknotes. covered by gold reserves.
was 500 per cent BY the Russian State
Bank, 62 per cent. by the Bank Of
France. and only 43.1 per cent by the
German Reichsbank. During the war,
however. the relation has changed com
pletely.
"While the German gold reserve has
increased uninterruptedly, the Russian
and French gains have been slower in
proportion to the increase in the cir
culation Of notes. Thus, the Russian
proportion in March, 1915, was only 80
per cent, and since the middle Of the
same year It has been lower than the
Reichsbank At the end Of August,
1916, 34.2 per cent of the notes of the
Reichsbank were covered by gold, while
the Bank of France had only 25.S per
cent and the Russian State Bank 22.6
per cent.
"The proportion in the case Of the
Reichsbank increased further during
September and reached SO per cent on
September %. The proportion of the
Bank of France declined further, and
on October was at 24.5 per cent.
Germany, although cut of from
gold importations, still has vast gold
reserve. The amount of coined gold
in circulation is estimated at 100000
600 marks, in addition to which large
quantities are in possession of private
citizens"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08
The Dollar in Foreign Exchange.

Stagnation again characterized the
week in the foreign exchange market.
Sterling rates were unchanged from
the preceding week with London sight
drafts holding at Ash. A continu-
ance of the firm tone displayed by
French exchange was again associated
with the success attending the offering
Of the s5000O,OO0 City of Paris loan.
Exchange on Berlin, after dip early
in the week, left off fraction above 10
cents and Austrian kronen moved in
sympathy with marks. Russian rubles
were easier. Neutral exchanges were
quiet with a tendency toward ease in
scandinavian remittances.
If you calculate the cost Of the dol
lar in terms of foreign money-that Is,
as if you were buying dollars with
pounds, marks or francs-its value at
the close of last week as compared
with year ago would be about as
follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08
CHESAPEAKE 3 OHIO
EARNS 10 PER CENT
Gross Revenues for 1916 In
crease Nearly S9,000,000.

The annual report of the Chesapeake
& Ohio Railway, made public yester-
day, showed that in the year ended
June 80 last the company earned a sur
plus after charges Of S6,S79,2l6, equal
to 1896 per cent on the S62, 792,6OO
stock outstanding, an increase of ST.
2l5,679 over the previous year, when
424 per cent was earned on the same
stock.
Gross earnings last year increased
ss,774,975, or 1924 per cent, and net
operating income was 4O.7 per cent
larger than in 1915. There was a net
increase of ss,77O,6OS in the interest
bearing debt outstanding. In the last
fiscal year the percentage amount Of
return upon the total property invest
ment from transportation operations
was $40 per cent, compared with 400
per cent in 1915. The income account
for the year compares with 1915 as
follows: -
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08

It is no comfort to the Spectator,
trading in war profits and gambling
upon the duration of the war, TO
near that the economic future of his
country will be not adversely affect
ed. 1t is the immediate future of
the stock market he is thinking Of,
or the earnings in the next six
months Of the steel, copper and mu-
ritions making corporations whose
shares he holds for rise. The eco
nomic future of the country will take
care Of itself. He will know what
u do with that as it develops. War
thrust amazing prosperity upon the
neutrals, especially the United
States. but at first it was a calam-
ity and produced panic on all the
gtock exchanges of the world. One
who had held stocks for the after
effects might have gone bankrupt
for his theory. In the same way,
eneculator who should hold stocks
through the adjustments incident to
the worlds return TO q state OF
peace might ultimately arrive at
proft-providcd he had oeen able 70
hold them.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08
agriculture Quebec's Bent.

10 the Financial Editor:
Ny sttention has been called 20 the
tuele which appeared in your issue
u September %, entitled "Quebec, the
hleh Stacker" by Mr.. S. Roy Weaver,
VI Toronto. This article is very mis-
'aeing Mr. Weaver speaks Of the in
eeased afiuenee Of Quebec as due to
zoe war Fully 90 per cent Of the peo-
pc OF Quebec are farmers and the re
sander engaged in industrial and other
pursuits, but so unlike Is the industrial
,eNus'lon in Montreal 10 that Of the
'''ihee Of Ontario that comparisons
0uious. Quebec will never take the
"'e Of Ontario in manufacturing.
1 people Of Quebec are bent upon
reui'ure, and it is only the estab.
-''hg Of large corporations like the
~. aoien Pacific and others in Montreal
h. really gives the Province Of Que
a. MY claim 10 industrial largeness
us,, any manufacturing develop
l. Goes take place in Quebec il will
whss manufacturing Of food products,
ni,s1 are the natural outcome Of
a. and dairy farming. have had
hon 'sasure Of studying this question
ali very angle, and have striven at

, ss, az an Englishman, 70 keep
VI any petty quibbling and bias.
ra.. HENRY W. KING.
toronto. Sept. IS. 1918.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08

that Europe, our principal customer
for merchandise. though she might
want even mere goods than in time
Of peace, would want different
things on different terms. There is
equal certainty that after the war
Europe, though she may continue TO
want a great many goods, will want
different things on different terms.
but whereas. in war, her wants
were imperative, so that she had to
buy goods wherever there was a
surplus and pay any price to obtain
them, in the new time of peace, on
the contrary, she will be able to
choose, to bargain and to wait. Com
Ietition will have been restored in
the world.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08


There was once an exceptional
man in Wall Street, a member Of
the New York Stock Exchange, who
admitted all that could be said in
theory to justify "short selling"
and yet protested against it for
moral reasons. Where ones profit
is there ones heart is also. A man
who had sold what he did not own
that is, one who had borrowed stocks
TO sell for fall-could not help
wishing for calamitous things 10
happen. He would view events in
the light Of his own profits. To a
nan short of stocks on August /,
1914, the news that Europe had en-
tered a state of war was good
news" Prices would fall and he
would make large gains. Well, the
converse of this is that all who have
capitalized the prosperity derived
from Europe's blood necessities al
most cannot hear rumOrs of peace
without mixed feelings. VIII not
rrices fall on peace? That is the
first question. No normal person,
tol the sake Of his own profits,
would consciously or deliberately
Prefer a state of war to continue,
and vet it will be an effort for him
TO reconcile himself, not TO the idea
Of peace, mind you, but the probable
effect of peace upon his immediate
prosperity.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08

The world now is widely adjusted
TO a state Of war. The process OF
readiustment to state Of peace VIII
entail terrific confusion. The com
roercial and financial panic pro-
duced by the shock Of war at hrst
was not owing to any definite mis-
conception of probabilities, not TO
any suggestion that Europe's de-
mands upon our surplus resources
would be lessened, nor to any
thought of bankruptcy among the
bclligerents. Most people thought
+ would be a short war, and those
who thought differently could see
very clearly that the greatest neut-
nal country on earth would have an
unlimited war market for its goods
Yet there was panic. II was owing
first. 10 the fear of sudden transit
t;ons. and, secondly, 10 the certainty
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08
Saturday, October :, 1916.

On Friday Wall Street was sud
denly confronted with a thought Of
peace. The head of a large trust
company, after a conference with
some equally important financial in
terests," sent for the reporters and
impressed them with the rumor that
Ambassador Gerard, now on his way
10 Washington from Berlin, was
bringing peace overtures from the
German government The stock
market suffered a decline. 1t was
not severe, but it was significant. The
thought Of peace was not susceptible
Of bullish construction. That was
clear. Before the opening of the
stock market on Saturday the emf
rent bankers anonymous communi-
cation to the reporters had been dis
credited, in Wall Street and at
Washington. Also, people were re-
minded that, even II IT were true
that peace proposals were on their
way to Washington, they were pro-
posals merely, and no implications
Of peace Immediately or necessarily
arose. On Saturday the stock mar
ket rallied. 1t did not become buoy
ant. But it recovered from the
START it had felt. This, too. was
significant The thought of war con-
tinuing was susceptible of bullish
Interpretation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08

Ii is we'll to remember, when talk
ing of trade conditions after the
war, first, that during the war
American trade has been enormous
ly expanded as in vacuum, because
there has been no competition, and,
second, that the actual productive
power of Europe, by all indications,
has been increased to a point never
touched in times of peace.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08

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.S6S per pound. Thus. you
say either that pounds are at a dis
count or that dollars are at pre-
MUM, which Is owing to the fact tha'
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, 1916-10-08

Wall Streets ambiguous attitude
toward peace is convincingly ex-
pressed by THE New York Tines:
Peace should be sought at the earli-
est possible date, even though it
would mean grave consequences to
business, but happily we can look
forward to peace without fearing
the effects upon this country's eco
monte future"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08

or the scale Of her present buying.
And that every one knows. 1t was
something that seemed almost too
delicate for international discussion.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08
Ghosts.

To the Financial Editor;
Many readers of your page would
mention of K. X. cripples
like II. X. & r. Monthly earnings now
over 100000 and per cent bonds
selling at 80! There are others. Spe-
c:al reasons may forbid mention at
this time. Would affect Wall Street
bulls like the ghost in Macbeth" /
suppose, is the best reason.
THOMAS BURNS.
New York, Sept. 20, 1916.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08
Broadway Central
Bank
957} Broad1eay, at 9th 81.

2574 Broad7cay, at 9th 81.
A commercial institution OF the Upper
West Side. Independent, Progressive. has
had wonderful growth. Enlarged and
now occupies three floors. Ofen ex-
ceptional facilities for checking accounts.
interest deposit, and general banking
business. Foreign and Domestic e..
change and letters of credit issued. Fire
and burglar proof Safe Deposit and
Silver Storage Vaults. Keep your &C.
count in the Broadway Central Benk.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08

Gold reserve against net deposit anu
note liabilities, 700 per cent.
Cash reserve against net deposit and
note liabilities, 73.5 per cent.
Cash reserve against net deposit liza
bilties after setting aside 40 per cent
gold reserve against aggregate net La
bilities on Federal Reserve notes in
circulation, ZAP per cent.
In the above statement the principal
items compare with a year ago as fol-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08

Below is given the current exchange
value of foreign money in dollars and
cents, together with the intrinsic gold
parity, AS calculated by the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08
BUSINESS TROUBLES

Dankfuptcy Peduoa.
TiLIPPO MEssuRf Of eocs First s,. fc,mery
a wholesale srocer. has a.sd a gsvtion. With us-
hilities ~ SelA6 ard assets. ,kpofs the cred
tors are the Guaranty Trust Co. Sls5: the slsts
Bank, N.ll3: h. hcmsc Co. Brooklyn. SILVA
and GiAcoEao Gotta N.iso.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08
Money and Credit

The actual condition of the New York
Clearing House banks on Saturday was
as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08
Finance Economics

GARET GARRETT Editor.
WALL STREET OFFICE: Telephone:
Mills Building, Broad ST. Hanover G5lA.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08

tween the banks are shown, largely the
result Of transfers on the books of the
Gold Settlement Fund. Boston reports
a decrease Of over S6,O00,O00 in It's gold
reserve, which is due in part to net
Withdrawals Of government and mem
Der bank deposits, the building UP Of
large favorable balances in account
with other Federal Reserve banks, and
the transfer of gold TO the agent.
The Federal Reserve Boards state
ment yesterday Of the combined re-
sources and liabilities of the twelve
Federal Reserve banks on October 6
follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08

New York Federal Reserve.-The
condition of the Federal Reserve Bank
of New York at the close of business
Friday, compared with the previous
week, follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08

10 the Sub-Treasury $4,000.
Silver.-Bars in London, 32h pence;
here in New York, 63A cents; Mexican
dollars, 52hG55h.
The Gold Import Problem.-Accord-
ing TO the Wagel bullion circular, the
problem Of gold is agitating bankers
both here and in England. 1t is not at
all unlikely that some attempt may be
made to stop further imports of gold
into this country.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08
RESOURCES.
In Money:

In Money:
OC ,o,, IL '....... $685., e2e, 900
Cola scttlcment fund. ..... tfe,441,ooo
~ s Treasurer...... 100000
Total cold reserve. 1886 ,977, COO
N' a,c '....... 1891, GOO
Total reserve.....s4o $500, e6s, 900
Five per cent redemption
fund against Fed. Res.
Bank notes. T0O0'o0o
In Rills Discounted:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-08

Sub-Treasury.-NeW lorK Danks Il
TO the Sub-Treasury $4,000.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1916-08-08
YANK CLAIMS ARE
RATIFIED, REPORT
Treaties Formed to Promote Closer
Relations Between Americas Ac-
cepted by Costa Rica.

Washington. Aug. 8.-Costa Rica has
ratified the four Pan-American treat
les on pecuniary claims, patents, trade
marks and copyrights, according to
advices to Secretary MCAdoo, as presi-
dent of the international high commits
sion, formed to promote closer rela-
tions between Latin-American repub-
lies and the United States.
These treaties were signed by dele
gates to the fourth Pan-American
conference in 1910, were ratified by
the United States and endorsed at the
recent meeting of the high commits
sion in Buenos Aires. They have been
ratified by about half the Latin
American countries. Most Importance
is attached to the treaty on pecuniary
claims because it provides an eXpedi-
tious method for the settlement of dis
putes between the governments and
foreign corporations.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1916-08-08
PLAN FOR SALE OF
BASEBALL TICKETS

Request of Moline fans for 10-cent
baseball is to be granted. This was
decided at a meeting held last eve
ming at the Moline club, when some
forty loyal boosters for everything
that is good for Moline agreed to
serve as team captains and conduct a
campaign for the sale of books at IS
each, each book to contain fifty cou-
pons that will admit to games yet to
be played this season, and also to
games in 1917.
Each of these team captains is now
busy enlisting the services of work
ers. Each team will consist of at
least five men, including the captain,
and the campaign for the disposal of
5 900 season books will be officially
launched next Monday, August IA, at
a noon luncheon to be served at the
Moline club, at which all workers will
assemble to receive final instructions.