davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-17
IMPORTS OF TROPICAL
PRODUCTS INCREASE
Washington, November l6.

The growing dependence of the
United States on tropical countries for
many foodstuffs and a large variety Of
raw materials is brought out by the
Department of Commerce in its analy-
sis of the import trade of the country
for the last fiscal year. More than a
billion dollars worth of tropical prod
ucts were brought into the country dur
ing that period. When compared with
the fiscal year 1895, just twenty-one
years ago, imports from the tropical
countries showed an increase during
the fiscal year 1916 Of approximately
200 per cent. The increase from 1895
to 1905 was about s2o2 900 900; from
1905 TO 1915. approximately 5000, ooo.-
600, and in the single year from 1915
TO 1916 the increase was greater than
for the ten years from 1895 TO 1905.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-17
Blaming All Upon
The Railroads Might
Tip the Frying Pan
Pittsburgh, November II.

Several private conferences Of large
shippers were held this week prelimi-
nary 10 the hearing scheduled TO be
held in Washington on Friday and Sat
urday. with the view to formulating
suggestions which might be presented
for the relief of the traffic situation.
These conferences were informal, and
al one of them the head of the largest
industrial concern Of its kind in the
United States which for years has
been a chief factor in the domestic
trade and which since the war has in
creased its export business uttered a
word OF caution against pressing the
case TOO strongly against the railroads.
lie first pointed out that not single
pated the expansion in trade nor ade-
quately gagged existing conditions. He
referred to the enormous increase IN
new construction, especially in the
steel trade, which had been stimulated
and only made possible by the abnor-
nal profits on export business, but
which at the same time had aggravated
the general situation by absorbing la
Dor, material and transportation that
might otherwise have been available
for the country.
His strongest point, however, was
that II the railroads were pressed too
hard before the Washington authori-
ties the effect would be to encourage
the agitation for government owner
ship. This. in his opinion, would be
like jumping from the frying pan into
he FIRE, because the government is no.
toriously lax in anticipating the future
and invariably waits for crisis or a
series Of crises before taking action 10
provide relief. He cited the financial
disturbances which occurred before
real work was started on the Federal
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-17
Thursday, November is, 1916.

If American labor had not the IN
telligence to seize its opportunity
and raise the price of what it has to
sell it would be idle to talk of send
ing American products forth to COM
pete with the merchandise of other
people in the markets of the world,
and we should never have been able
to expand our exports TO their pres
ent amazing proportions. lntelll-
gence has its price, like everything
else. And if American labor had
the restraint to forego the immedi-
ate benefit Of high wages for the
sake of an easy transition from war
to peace conditions it would be more
restrained than capital, which aban-
dons itself to the temptation of fan
tastic profits and leaves the future
to belong to itself. Neither labor
nor capital is deeply concerned about
what is to come after; all that we
can do is to trust their joint intel
ligence to make the best of whatever
happens. Only the idea Of strug-
gle between labor and capital is ON
nous. Readjustments entail strife
and bitterness, but thought of war
between these two factors of pro-
duction, all labor arrayed on one
side and all capital on the other, is
dreary nonsense. 1t was a thing
much discussed fifteen years ago,
when huge industrial consultations
were taking place. Many argued
then that the strongest justification
of that movement was that 1t
strengthened capital for the impend-
ing conflict with labor. The conflict
never came. Instead, labor and cap
ital agreed, and the consumer paid,
as he should and always does. That
is what a consumer is for.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-17
Austro-H Hungarian Six
Per Cent Loan at 1910

Berlin, Nov. 16 via wireless to Say
ville).-The forthcoming Austro- Hun
garian per cent war loan, according
to the Overseas News Agency, will DE
issued at 1910. The 5is per cent loan,
redeemable at 105 in two years, will
be issued at SO. The subscriptions for
these loans will run from November %
until December 81.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-17
U. S. Treasury Finances

Washington, Nov. l6.-The condition
Of the United States Treasury at the
close of business to-day was: Net bal
ance in general fund, 1888 ,s61 ,44S; total
ordinary receipts, $685. total or
binary payments, s3.185,172.
The deficit this fiscal year is $685.
397. against a deficit of s50,3l4,50 last
year, exclusive of Panama Canal and
public debt transactions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-17
Bank of France.-Weekly statement

Argentine Gold Shipments - With
drawals of gold yesterday for shipment
TO Argentina amounted to $1,000, 900.
bringing the total of the movement to
date to $8,500,000. The National CITY
Bank is sending 81 900 900 and the Ma
tional Bank of Commerce 100000.
Bankers are looking for the shipment
Of upward of s20,000000 in all.
Gold is going forward to Argentina
for the reason that the South American
republic is selling more merchandise in
the United States than we are selling
there. With the balance Of trade run
ming against US the available supply of
exchange bills on Argentina is INSULT
cient TO meet the demands of American
merchants DESTROYS of making payment
for goods bought. This has sent the eY-
change rate to a level which makes it
more profitable TO pay in gold. Ex-
change moved further in favor of Ar
gentina yesterday. Under normal con-
ditions the Argentina gold peso has a
value Of s964s quoted in American cur
rency. Yesterday its value was s97s7.
Imports into the United States from
all Of South America in the nine
months ended September exceeded the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-17
Relevant
Information

Chesapeake & Ohio.-Dividends were
resumed yesterday on the $62, 1872, 500
common stock outstanding with the
declaration of per cent. Announce
ment was made after the close of the
stock market. The stock closed J =
points up on the day at GA after an
early advance to 6Sla. The last previ-
Gus payment was / per cent in DeceIn-
Der, 1914. Resumption of dividends
had been foreshadowed by the im-
provement in the company's earnings.
In the fiscal year ended June 80 last
the road reported net equal to 1926
per cent on the stock, compared with
4.25 per cent the year before. In the
three months of the new year ended
With September earnings have been
running at an annual rate OF 1884 per
cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-17
Current

The above rates express the cost c.
foreign money in terms of the Amerl-
can dollar. You buy an English pound
sterling for s4.75ts; the intrinsic par
ity is s4s65s per pound. Thus, you
say either that pounds are at a ais
count or that dollars are at pre-
MUM, which is owing to the fact thai
in England the demand for dollars
with which to settle accounts in this
country is greater than the demand in
this country for pounds with which to
settle accounts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-17
Money and Credit

Money on call at the New York Stock
Exchange ruled at pa per cent yester-
day, against 21s the day before. Some
loans were placed at 212 per cent.
The tone of the market for time
funds on brokers' Stock Exchange COL
lateral continues firm. Industrial loans
are in more demand and the rate for
three and four months money is 31s
per cent bid. Mixed money Is ) per
cent for sixty days, 3h per cent Tor
ninety days and four months.
Ruling rates on money yesterday
compared with a year ago, were as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-17

movement Of goods in the opposite d.
rection by sl59.1O7, 703. This, COM
pared with balance of trade in favor
Of South America in the nine months
ended September. 1915, OF sf26,9O6,O26.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-17
The Dollar in Foreign Exchange

Russian loan reports helped ruble ex-
change yesterday, which recovered TO
SO.S5. compared with 1896 the day be-
fore. Exchange on Argentina con-
tinued strong. The rest of the market
YVES featureless.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-17

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, 1916-11-17
FURNACE FIRES
GOING OUT FOR
WANT OF FUEL
Unless Relief Is Prompt
Large Pittsburgh Plants
Will Have to Close
Phtsburgh, November IS.

HiSVN|UNG AfDfrHtV'f ~
The seriousness of the fuel and traf-
fic situation is indicated by the state
ment that unless speedy relief comes
several of the largest industrial plants
in this district will be compelled TO
close down for lack of fuel. This con-
dition is ascribed solely to a lack Of
railroad cars. The Steel Corporation
has sufficient labor TO operate its own
coal mines, and the Pittsburgh Coal
Company. from which the Steel Cor
poration obtains a large part OF ~
rncl has the labor and capacity for
increasing output. Both compani"s
have boats which ply the Monongahela
and Ohio rivers and which carry Goa.
from mine 10 docks, but the absence
OF railroad cars to carry the fuel the
omparatively short distance to points
of ultimate consumption has threatened
an immediate famine unless prompt
relief is afforded, and that is not in
sight at the moment.
Trenchinx Upon Reserves
Nearly all the big industrial con-
Germs have been trenching upon their
stock piles of fuel during the last few
weeks of freight congestion, and some
of the largest industrial companies
have been trying to replenish these
stocks, but thus far without success.
One independent steel company, which
owns its own coal mines in this district,
recently contracted for $4,000 tons Of
coal in the outside market as a safe
guard against inadequate labor and
transportation facilities over the win
ter months. Another large industrial
concern, which owns its own mines and
which supplements its fuel require
ments with natural gas, produced from
it's own wells and carried through its
own pipe line system, has been. a pur-
chaser of coal in the open market,
paying current high prices. Under
normal conditions the capacity OF this
company's mines is at least 20 per cent
in excess of it's ordinary requirements.
1t has been forced to go into the open
market and buy coal, first because of
shortage of miners to operate its mines
even to 20 per cent of capacity. and,
second, because of the shortage OF cars
or 20 the irregularity in the supply of
cars, which enforces intermittent min
ing operations, the company having TO
storage room at its mines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-17

Republic Iron & Steel.-The directors
of this company cleared up the last of
the back dividends on the s25,000,O00
of 7 per cent cumulative preferred
stock Yesterday by the declaration of
4 per cent in addition to the regular
disbursement of IA per cent. The
s27.191 900 of common stock is now in
a position to share in the company
profits, which have been steadily climb
ing as a result of the boom in the iron
and steel industry. According to the
latest available report, Republic WAS
earning at the rate of 1898 per cent
wear on its common stock after al
lowing for preferred dividends. TINS
compared with $50 per cent IN 1913
and a fraction of per cent IN 1911.
Over period of sixteen years the
company has shown average ANIMAL
earnings Of 215 per cent on the com
mon. The stock was strong yesterday,
advancing rs points to a new high
record Of S6a. on heavy dealings.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-17
Commercial Paper.-This market

Commercial Paper.-This market was
dull Yesterday and without special
feature. Offerings are still scarce and
the volume of business is therefore
light. The best names are moving at
So per cent.
Official rates Of discount at each Of
the twelve Federal districts are as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-17
FOREIGN TRADE
CORPORATION TO
BUILD0WN SHIPS
Observation-Disclosures
Associated Firms Buy
NY. Shipbuilding

The American international Corpora
ton, organ zee about a year ago to
promote forS e. trade. has entered
the shipbuilding business. 1t has been
prompted TO do so for the following
reasons: Scarcity of ships, laws re-
Gently enacted abroad restricting sale
of ships, increasing scarcity of labor
abroad and rising wages, congestion
of foreign shipyards and scarcity Of
materials.
The corporation. Charles A. Stone,
president. announced yesterday. to-
gether with the international Mercan-
tile Marine Company, W. r. Grace e.
Co., and the Pacific Mail Steamship
Company. mas purchased the New York
Shipbuilding Company.
sI5,OO0,O 900 Deal
Transfer of the physical properties
of the shiptuilding concern to the new
owners. it is reported, will involve a
constipation of approximately sl5,-
100000. There will be no change in
the working management Of the COM
pany. IL is proposed to organize
new corporation. which will take over
the assets and property. The majority
interest in this corporation will be
owned by the American international
Corporation and the companies asso-
ciated with it. It is possible that
portion of the stock Of the new cor
poration will be offered later for public
subscription.
The New York Shipbuilding Com
pany at its plant at Camden, n. j., is
equipped for the building of steel YES
sells, both mercantile and war, and also
for constructing various essentials 10
shipbuilding. such as marine engines
and boilers. It's present capacity is
100000 tons per annum. II is expected
that these facilities will be used in
increasing the American owned feet
of the International Mercantile Marine
Company, which is planning an extern
sive construction programme.
Plant To Be Enlarged.
The company now has contracts
which will fill the present capacity Of
the yards through 1917. improvements
and extensions are planned which will
materially increase the capacity of the
wards. In order to assist in meeting
tho requirements of the governments
construction programme, it is said, a
certain amount of government work. if
offered, will probably be taken by the
new company. although the demands
for the renewals Of the fleets of the
companies purchasing the yards. to-
gcther with private business now on
hand and in contemplation. will, it is
estimated. use the entire capacity OF
the yards and proposed extensions for
the next five years.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-17

Sub Treasury. - New YorS hanks
gained from the Sub-Treasury 81
$4,000.
Silver.-Bars in London, "a pence;
New York, 71as cents; Mexican dollars,
50.
Bank of England.-Reported de-
crease for the week in gold coin and
bullion holdings of s1S,S10. Proportion
of reserve to liabilities is now 22.54 per
cent, against 1913 last week Other
changes reported for the present week
are as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-17
Finance Economics
GARET GARRETT, Editor

WALL STREET OFFICE: Ielelno e.iI
Mills Building, Is Broad s.. ianoo- ~
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-17
Bank of England.-Reported 4.

The detailed statement compares as
follows with the same week last year:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-17
Dividing the Blame

AS invariably happens in a situation
like the present one, the responsibility
is divided. Last year, with the large
surplus of idle equipment and with
the advance in cost of new equipment,
the railroads did not foresee anything
resembling the huge volume of traffic
now thrust upon them. They also
shared a common opinion that if the
European war should suddenly cease
there would be a decline in the cost OF
steel cars. And besides, after the ex-
perience of 1914 they did not have the
surplus funds to tie up in new rolling
stock which might not be needed. They
have now rushed into the market for
new cars, but there is no assurance of
delivery for months to come For two
weeks past railroad traffic men have
been working from twelve TO fifteen
hours day and seven days a week in
a personal effort to obtain cooperation
from shippers to relieve the situation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-17

Corn Products Refining. is
sues were strong and active yesterday,
the common advancing AZ points to
23ls on a turnover of $4,000 shares,
and the preferred PA points to lo2h.
The company is facing dissolution. The
Corn Product. Company, the National
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-17

Union Bag & Paper.-The directors
voted Yesterday an initial quarterly
dividend of u per cent on the Sl0,-
900, 900 Of new stock ISSUED under the
recently adopted reorganization. This
stock took the place OF sll 100000 oil
preferred and s16,O00,OO0 of common,
holders of the old preferred getting
$4,000, 900 of the new stock and hold
ers of the old common the remaining
81. O0O, 900. Last month it was stated
unofficially that earnings of the com
pany were running at rate in excess
of $4,000 q month. In the first six
months of the year the company
showed net Of more than 100000.
In the fiscal year ended January 81
last the company on the old basis OF
capitalization reported a deficit OF 1884,
$50. In 1915 3.33 per cent was earned
on the old preferred and nothing on
the common. Announcement was made
yesterday that the dividend just de-
clared would be paid only to stock
holders who have agreed to. the re-
organization. The new stock declined
47s points, the old preferred s and the
old common y.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-17
Cooperation Lacking

Thus far this cooperation has been
lacking. Cars are not unloaded prompt
ly when hey arrive at destination and
warehouse facilities for storinL mer-
chandise at consignee's risk is not
available, and probably this method OF
relief would not be practicable even If
storage facilities could be obtained.
As an instance of how cars fail to
return TO their own district when they
get away from a given system, the
story is related that two months ago,
az the urgent request of New England
manufacturers. the Bessemer road
loaded fifty of it's hopper cars with
coal and sent them East. These cars
have not yet been returned TO the Bes-
semer road, and the latter has been
deprived of their service in the ore
trade between the lakes and the Pitts
burgh furnaces at time when the need
IS greatest.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-17
Bank Exchanges.-The day

"l5-d day paper.
The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1916-09-18
GERMAN COMPOSER OF JAP
NATIONAL ANTHEM ~ DEAD

TOXIC. Sept. 1s..--Franz Eckert,
composer of tho music OF the Japa-
nese national anthem. Ii dead. The
authorship OF the "Kimigayo," Ja-
pans Star Spangled Banner. is dis
puted. but Japanese authorities ad-
NIT this Tenton had claim upon
the songs composition.
Eckert, 1t Is known here today,
died recently In Seoul. Korea lie
was e.. When foreign music first
was introduced Into Japan In 1877
he was one or the leaders in cstab-
fishing its popularity In Tokyo and
other leading cities OF the Empire.
At first Eckert was attached to
the navy office but later was arans-
ferred to court. where he succeed
ed an American named Fcnton AZ
chief of the Western music OF the
court.
In 1879 number OF compositions,
from which one was TO be selected
as the national air Of japan. were
submitted TO the court of musicians.
The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1916-09-18
4. s. WAR DEPARTMENT.
SENDS DOCTOR TO SIAM

TOXIC. Japan. Sept. lS~-Dr. n.
w. Mendelson Of New York city Is
on his way from here 10 Siam today
~ representative Of the United
States war department. 70 take the
lazinesH ont OF the Siamesc by klil-
ms off their over supply OF hook:
worms The government or siam
asked him To do II.
After investigating the cause Of
so much laginess In Siam the gov
eminent decided Il was the hook
worm that caused II and asked the
war department to send a doctor 10
set tho country right with industry
and energy.
Or. Mendclson was one OF tho
American physician sent to serbiat 20
fight the typhus epidemic early In
1915. After the fail OF belgrade ne
made the retreat across Serbia with
the regiment to which he was at
taehed.
The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1916-09-18

a viewpoint of public support. Most
CT the owners and managers made
similar expressins. Waco and
Shreveport led in gate receipts.
Beaumont and Fort Worth showed
some improvement in 1916 over
previous years. it was said.
A. ID. Dolson, representing the Gal
weston club, said following the meet
ing that it Is not certain that the
Island City will have a team next
year, as there has been decided
apathy on the part of Galveston fans.
He said 4 meeting will be held this
week to take action on the matter.
The following officers attended
the meeting: Walter Morris and
#. NJ. Weaver of Fort Worth, own
ers of the Painters; Joe Gardner OF
Dallas, owner of the Giants; Ed
Stedman of Beaumont, owner of the
Oilers; Owner Benson of the Bron-
chos of San Antonio; Doak Roberts,
end Otto Sens, manager of the Hous-
ten Buffaloes; w. A. Sullivan OF
Shreveport. secretary of the Gassers
club; Ellis Hardy OF Waco, mana
ger of the Navigators, and II. r.
r. B. Williamson and A. d. Dolson
OF Galveston, representing the own
ers of the Pirates.
The Fort Worth and Waco men
departed yesterday afternoon on in,
terurban cars. Others left on night
trains.
The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1916-09-18
GLASS OF SALTS
CLEANS KIDNEYS
III Your Back Hurts or Bladder
Bothers You, Drink Lots
of Water.

When your kidneys hurt and your
back feels sore, don't get scared and
proceed to load your stomach with
lot of drugs that excite the kidneys
and irritate the entire urinary
tract. Keep your kidneys clean like
you keep your bowels clean. by
flushing them with mild, harmless
salts which removes the body's uri-
nous waste and stimulates them to
their normal activity. The function
of the kidneys is to filter the blood.
In "a hours they strain from 1t 500
grains of acid and waste, so we can
readily understand the vital impor-
lance of keeping the kidneys active.
Drink lots of water--you can't
drink too much; also get from any
pharmacist about four ounces of Jad
Salts; take a tablespoonful in glass
OF water before breakfast each morn
ing for a few days and your kidneys
will act fine. This famous salts Is
made from the acid of grapes and
lemon juice, combined with ithia, !
and has been used for generations
to clean and stimulate clogged kid
neys: also To neutralize the acids in
urine so IL no longer is source OF |
irritation, thus ending bladder weak
ness.
Jad Salts is in expensive; cannot
injure; makes a delightful effer-
vescent Whitewater drink which ey-
eryone should take nov and then /
to Keep their kidneys clean and ne
tive Try this. also keep Up The WI
ter drinking. and no doubt you viii
wonder what became OF your kidney /
trouble and backsihe.-(ady.)