davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-09-15
FOREIGN EXCHANGE

NEW YORK. Sept i5.--The market for
foreign exchange on moderate volume OF
business was irregular in the frst hour OF
business today None OF the changes was
OF importance Sterling held steady at
475% for demand and +76 7-ls for cables.
Slight recessions from Thursdays hnal
rates took place in French and italian ex-
change while rubles, Scandinavian kroner
and reichsmarlIs were slightly Lrmer
Quotations were: franc cables 5SS,
checks 5.S5%: reichsmarks cables 6g13-le,
checks 69% lire cables 6.45, checks 6.t5 u {;
Swiss cables 5.32, checks 5.32%; Vienna
cables 1202 checks 12.0o; scandinavian
kroner cables $3.50. checks 1850; pesetas
cables 20.1s, checks 2o.l3; guilder cables
4oN. checks 4o&; ruble cables H%.
checks 31%.
Long sterling was nominally unchanged
at 4.71A for slxty-day bills and 4ssM for
ninety-day bills.
Around midday the market generally
was inactive without quotable change from
the early rates with the exception of French
exchange and rubles. The last-nentioned
improved further to 31.90 for cables and
$3.50 for checks On the other hand.
franc cables reacted to 5.S5h and checks
to 5.s6h.
A further advance In rubles In mid
afternoon was attributed to buying by a
prominent financial institution Cables rose
to 32.20 and checks to 32.10. Sterling was
fully steady al 4.76% for demand and
47eh for cables. French exchange con-
tinued rather heavy at 5.sSS for cables
and 5.sek for checks The other markets
were very dun and lacked interest
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-09-15
MIDVALE STEEL AGAIN
LEADS CURB TRADING
Many Stocks Are in Good De-
mand-Motor Issues Gen.
orally Weak

NEW YORK. Sept. 15.-Trading on the
Broad Street Curb was much of the same
character as II was on the Stock Exchange
There was selling OF large bloc. at inter
walls during the day by interests supposed
10 be identified with corporation manage
ments. but the supply was balanced by a
broad general demand with the public buy
Ing stocks. which seemed TO outsiders to be
at low levels and have good merit
There was heavy trading again in Md
vale Steel. which. after reacting from 72A
70 70A. rallied TO TAN. Hall Signal moved
up / point to ~ and American Interna-
tional Corporation was trade In from 50 to
G9h. Charcoal Iron common and preferred
was In good demand with sales Of the
common stock at and sk.
II is intended TO recognise at the oc-
tober meeting the rights OF the common
ntock TO participation in the heavy earnings
with the declaration of q 2b per cent stock
dividends. after q small accumulation Of
preferred dividends has been disposed Of
The earnings Of the company are running
~ the rate OF 10 per cent per annum ON
1he common stock.
Motor stock. we're generally weak with
United Motors declining from 60 to 66M.
General Motors new stock. when issued,
which opened at loo declined to lb0, and
Chsvfolet yielded from 215h TO al2.
Metropolitan Petroleum was the strong
81 Of the independent oil stocks. selling
et 16h and 1sx,
Nipissing. which was the strongest of
the mining stocks yesterday, opened at s%
and declined to sh.
Aetna Explosives sold at 1oh and 10,
Dubmarine at SEA TO 80 and American
Writing Paper at ~ to bh.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-09-15
Financial Briefs

The directors OF the Page Detroit Motor
Company are expected to meet in Detroit
In q few days to recommend to the stock
holders the sale of t1,600,e00 preferred
stock. The proceeds are 70 be used to
enlarge the compaDy's plant so as to enable
1t to manufacture its own motors and all
steel parts.
Chicago Board OF Trade membership
has been sold for $4,000, an advance of $500
over the last sale.
900 from the banks on Thursday, reducing
cash net loss since Friday to s22,O11 900
The New York Stock Exchange has ad-
mitted 10 dealings the capital stock Of the
Saxon Motor Car Corporation. It's abbrevia-
tion will be "sN." The Barrett Companys
preferred and common stocks also have
been admitted TO dealings on the exchange
Their abbreviation viii be ''BY." The pre-
ferred and common stocks OF the American
Coal Products Company have been removed
from the list.
The New York City Railways report for
June earnings of all underground surface
and elevated roads. including the Hudson
and Manhatten. but exclusive Of four small
companies, shows total operating revenue
Of $s.sl6,30l, an increase of $es5,3o3 over
June, 1918. The net increased $S54.762 to
$S,500.s32.
The total operating revenue OF l6g
steam railroads for the month Of July was
sass, ,795.674, an increase of $42,S49,Oa3
over the same month last year. Net rev.
enue increased S1s.e+o,e01, to s10l. .ss6, ,s3l.
A. L. Humphrey. vice president and gen.
eral manager Of the Westinghouse Air
Brake Company. has been elected a mem.
Der of the board of directors and executive
committee Of the Union Switch and Signal
Company.
There win be no meeting of the directors
OF the Crucible Steel Company In Pitts.
burgh today The board is scheduled to
meet on Monday.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-09-15
LAKE SUPERIOR is MOST ACTIVE HERE
AND ADVANCES TO TOP MARK FOR YEAR
No News TO Account for Strength and Activity of Stool
but Opinion Is Growing That Philadelphia Will Get
More Representation on Board

The opinion is srovtns IN the s.,.., A..
first part Of October PhiladeiphIa v,i, NE
additional representation ON the NJ tsm
directors This city is really eu,,,,.vs "
more representation. IN view az 49,. y
that the holdings hare have bss, nu
greatly increased since the start o. S SI
European war ut
q half during the morning. this - nH
complished on the turnover OF tnlv : Nc ~
moro than 1900 shares. Pennsylvan,s MN pw
road gained fraction early, but Ia, ,,s,- ~
before midday. Philadelphia ce,,,,en .nn
cumulative preferred sold up a fun ,ss,lo
Philsdelphla Rapid Transit trust cers,sr. y.
rose slightly. while Union Traction was ny
changed w.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-09-15
Spot Wheat Easy at Liverpool

LIVERPOOL. Sept. I5.-spot wheat was
easy today. with No. Chicago quoted las
AND and No hard winter at las I'd. a
decline OF "a; No, Northern Manitoba
las Sd. loss Of AND. and No. Northern
Manitoba. l4s I'd. drop of Cd No. 2
red winter was quoted at 14s "a. The
stock Of No. Northern Manitoba is ex.
hausted. Corn was easy. with American
mixed Id lower at los sd, while plate
showed loss Of I'd at los Cd Flour was
Is lower at 5iS
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-09-15
GOVERNMENT BONDS
DIVIDENDS DECLARED

rssylsr saerisry q IL per cent UPON SrsYsss3A
noidhcrfs Of record ssptembar 10. Checks VIII 6s
ssS, regular quarterly Of if.k5 Per snare al
y ae ss5 sam2s t'sss sayaels October i' 70 siaes
~ S-.sns' 40 - rss',a. q. esa,P.sy sssass
..ss 81; J; s,.|;.:i ~ ,';:|s 5s.;t..' !;
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-09-15
Bank. Gain s24O1s,7s1 on Currency Movement

significant of
os by the clearing house banks ncident with ooo
in
Of
from
o1Iooo The
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-09-15
Sugar Futures

NEW YORK. Sept i6.--The market for
sugar futures thia morning opened quiet
but steady, with first prices showing an
advance OF 20 points. Sales on the call
were 400 tons. Sentiment seemed 70 be
more Or less unsettled due 70 the irregular
spot market
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-09-15
NEW YORK COFFEE MARKET

NEW YORK. Sept i5.-The ccfree NJ.
tst opened steady December sold At seic
of 2: March at s1bc. on q. and May s,e
on 6. The sales on the Gall were soss
bags
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-09-15

NEW YORK Sept bankers are becoming slightly apprehonsve
liberal
of
. o
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-09-15
FINANCIAL NEWS
PUBLIC DEMAND ABSORBS ALL STOCKS .
SOLD BY BIG INTERESTS IN NEW YORK
Commission Houses Exert All Influence They Can in In
ducing Customers to Sell Long Account and
Restrict New Purchases
HIGH Points in Today's Financial Nelos

Stock market continued
York
Line declared dvend foreign
drcrsosed nearly a billion and a half in moahs
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-09-15
WHEAT ENDS FIRMER
IN ERRATIC MARKET
Covering by Shorts, Strength in
Cash Article and Heavy Ex-
port Sales Boost Prices
aRAIN BELT WEATHER CONDITIONS

CHlCAGO, sept. 1b.-Ihe weather tore-
II2S.TEsir and ,ontIn,s,sd s,,sa, cscn & toIlss,,n, ,n
,Sls;.al"IIs; and scsi tsSiishti sgTOss6ly
sssgrdsy, fair. and warmer 80. -.
warmer sToTs,pd nsrih and wesi1 satordss. fair and
Iows-Falr tonight. frost, warmer w.s,i
Ssris bsssss s'sd and So"is% -rnis ;saish.
S,Srsssa and Kan.a,-Enh topisht. fol-
siswf, i s.us 'ts.s gsssssa,sTs. s,Ss''''"''
CHICAGO. Sept. i5-The wheat market
today was an erratic affair. but II closed
frmer on covering by shorts strength in
tho cash article and sales OF about 10000
bushels for export. outside interest was
smaller and II was suggested that many
holders had become tired and let go OF their
lines for the purpose Of taking hand In
the big Gull speculation In stocks at New
York.
In the early dealings covering strength
ened prices and there also was some buying
through commission houses. but because Of
a lack OF support the market turned weak.
Later there was an Improvement
Clearances Of wheat and -four from the
United States for this week amounted to
96O5.607 bushels. against 7.44O,74o bushels
year ago. for the season they amount
to S9.SS4,592 bushels. compared with 50,-
Oi3,861 bushels last year
Exports from Argentina for the week
were $4,000 bushels and from Australia
about 875, 600 bushels.
The Modern Miller reported a rapid en-
largement OF plowing In the soft winter
wheat states There is not a uniform dis
tribution of good seed wheat and late seed
ing this year win be n factor to offset the
present Indications of below normal acre
age. The movement OF wheat is checked by
a scarcity of cars. Heavy purchases of
coast wheat have been made for the Mid
die States.
Owing 10 the break here. the market at
Liverpool was easy. The demand from
millers there was small because of the
strike of mill hands, Offerings from Ar
gentina were freeF and a decline of rs Cd
occurred in freight rates in the country, to
142s Cd.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-09-15
NEW YORK. Sept. l5.


o n
in
realizing
Most Importance activities
year Of 1tsx made in May and selling the highest touched
o Of
in Of
nway shares
deman
in
los near ali his gain.
which Of heavy realizing moved 1854 high
Of minor
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-09-15
Reserve Banks Discount Rates

up to so days; over so to 90, ( per cent; 40
TO 80 ~ per cent; over 90. 3 per cent NS-'' w
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-09-15

There win be no meeting of the directors
OF the Crucible Steel Company In Pitts
burgh today. The board is scheduled 70
meet on Monday.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-09-15

The New York Subtreasury gained 1884,
900 from the banks on Thursday, reducing
cash net loss since Friday to $22,011, ,000.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-09-15

A Chicago Board OF Trade membership
has been sold for $4,000. an advance of $500
over the last sale.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-09-15

The total operating revenue OF l6s
steam railroads for the month Of July was
sass, ,795,674, an increase of S42.S49,0e3
over the same month last year. Net rev.
enue increased S1s.e4o.e01, to s10l, ,ss6, ,s3l.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1916-10-04
CAMPAIGN STARTS OCTOBER IS
30 90 %% 80 90 80
COMMERCIAL CLUB is IN RING
FIVE TEAMS SEEK NEW MEMBERS

Friday. october Is. will be Mem
harship Day in the Pendleton Com
mercial Club and for few hours on
that memorable occasion it may be
well for local businessmen who do
not belong to the organization to
take to the deep, tall timber. other
wise they will have conferred upon
them the honor Of belonging to the
towns working association and OF
thereby helping along in movements
FOR the community advancement.
In carrying out the membership
campaign five teams have been Sc
lected, each under a captain, and
these teams will compete to see which
one has a free dinner on the evening
of october Is. Half the expense or
this dinner is to be borne by the club,
so per cent Of the remaining half is to
be paid for by the team getting the
fewest members, % per cent by the
team making the next poorest show;
ing; Is per cent by the next team
10 per cent by the fourth team, The
team getting the most members will
be admitted to the banquet board
without charge.
All campaigning for members is to
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1916-10-04
AGAIN
CATCHES FIRE
Men Who Purchased Salvage from
Recent Grain Warehouse Blaze at
Adams stand to lose Heavily.

Those who purchased the salvage
from the recent big grain warehouse
fire at Adams bid fair to lose heavily
as result of the hard wind storm
Of few weeks ago. The wind fan
ned the fire that was still in the
wheat and it has been burning ever
since, A great deal OF the wheat that
was but little damaged oy the original
fire is now worthless entirely or bad
ly smoked and scorched.
The salvaged grain was sold by the
insurance companies to II W. Collins
Of this city for approximately S73,-
600 but il is understood he was rep.
resenting Portland parties. Had the
fire not been famed up again the
buyers would doubtless have come out
of their bargain with a good margin
Of profit
The original fire was put out ap-
parently by water and there was lit
tie indication of much fire left in the
immense pile Of wheat until the
heavy wind storm came. Ever since
the wheat has been smoldering and
heavy smoke is still rising from it.
Men have been engaged in resack-
ing the salvage for several weeks and
a good many thousand sacks have al
ready been hauled away. Most of it,
however, will not be good for any
thing but chicken, sneep and hog
feed, It is said
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1916-10-04

thy Hon Joshua W. Alexander. of
Mo, Chairman House Merchant;
Marine Committee.)
The shipping act is one of the great
achievements of the present admins.
ration and Of the slXty-fourth con
Lress.
The effort Ia enact legislation to
provide larger facilities for our rap.
IDLY growing foreign commerce began
soon after the beginning Of the war
in Europe. II the administration ship
purchase bill had been enacted into
law In September or October, 1914, 1t
would have been possible to add 100
vessels Of 10000 gross tons to our
american merchant marine for tho
overseas trade Those vessels would
have cost then not more than forty
ia fifty million dollars; now they
would he worth more than one hun
tred millions of dollars, and the bene-
fits to our foreign commerce would
have been incalculable in the immense
saving in foreign rates on wheat cot
ton. and all other commodities enter
ing into our export trade and upon
which the ocean freight rates have ad-
vanced from 500 to 1000 per cent In
the last two years. That bill was fill
hustered to death in the United states
fcnate by the republicans with the aid
Of a few democrats.
The shipping net is framed alonS
much broader lines. The ship pur-
chase bill was an emergency measures,
the shipping act is intended to be-
rome n permanent measure, and while
many OF It's provisions may be
amended from time to time as expert
ence may prove wise. 1t laws the foun.
dations broad and deep for an AM
erican merchant marine.
II will be the first time in our his
tory that n governmental agency has
been created whose business It will be
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1916-10-04
Bolin Will Is Filed

The will Of the late ]. A. Boln of
Ukiah was admitted to probate yes
terday afternoon. The estate is val
ued at about $4,000. Five dollars
each is left to the following children:
George w. Of Nye, Fred OF Pendieton.
Es ella Irene Dupew of Ritter, Alfred
Lester, Emil Hurst, Frace Bell,
Blanche Margaret and Louis Clark, all
of ukiah. The balance is left to the
widow for her use curing her life
time. The widow is named as execut-
rix. 7. P. Gilliland, ]. e. Sharp and
j. A. Yeager have been appointed ap-
praisers
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1916-10-04
LOCAL MONEY PUT
UP TO HELP OUT
WILSON CAMPAIGN

= Wall street is not putting up I
= any money for the Wilson cam I
= paign and is sending no Golden
= Specials out west TO convert the
= heather to the ways of democ- 4
= racy, so it is necessary for COM Z
. mon people to finance the cam Z
= paign.' This is the slogan of Z
= a local committee, headed by
= w n. Matlock, that is raising Z
. a portion of the statewide fund Z
= for the presidential campaign. =
= For several days past contri- =
= buttons have been flowing in
= upon the committee, the sums =
= ranging from 81 up to $40. How
= ever with the very large fund
= available in the Hughes camp, =
= because of corporate support =
= II Is desired to raise as much
= money as possible for the Will =
= son fight in oregon. According =
= ly any Wilson supporter or SYM
. pathizer is invited to contribute
= to the fund. In any sum, large =
= or small, The money is to be
= forwarded to Portland tomorrow
= or the next day and therefore =
= early action is desired. Contri- =
. buttons may be mailed to w. N, =
. Matlock or handed to that gen =
= tleman at his office on Court =
q street. .
. Other members of the finance =
= committee are Norborne Berke .
= ley. J r. Raley, Manuel Fried =
= ly II. G. Blydensteln and J, S =
=. Johns. y
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1916-10-04
COSTLY CHRISTMAS
LATEST PREDICTION
Price of Trees Goes SlCy-ROcketing-
Raisin shortage Is Imminent. wal.
nuts and Almonds Scarce, sugar
High.

PORTLAND, Oct, 4-The high
cost of Chris.mas is predicted. Deal
ers said 1t would be the costliest
Christmas in the nations history. The
price of Christmas trees is sky-rocket-
ing. The Greek raisin market is clos
ed, California dealers have formed a
combine and a raisin shortage is inn
minent Walnuts jumped five cents
per pound and may be unob. b.ainable
by December, Almonds are scarce.
Christmas candies hit record-break-
ing prices on account of sugar costs
GranberrieS are higher,
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1916-10-04
HERMISTON HOME IS
DESTROYED BY FIRE
T.. Adams Residence and It's Oon-
tents Are Total Loss from Blaze Of
Mysterious Origin.
(East oregonian Special

HERMIsToN. Ore, Oct 4.-Fire
which broke out yesterday morning
at two o'clock, completely destroyed
the residence of f, Adams on East
Main street. The building was u sol
I'D mass Of of-flames before an alarm was
turned IN, and the building and its
contents were a total loss. The blaze
was OF mysterious origin and had 1t
not been tor the warning given by the
small pet terrier of the family, Mrs
Adams and baby. who were the only
occupants of the house at the time
Mr. Adams being away in the wheat
fields, would undoubtedly have lost
their lives.
The loss on the building is covered
by insurance,
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1916-10-04

BLEWETT PLANT
HAS DONE WELL

Encouraged by the success OF
this years business, the Blewett
Harvester Co. is now at work
enlarging its plant on West
Court street. Work underway
at present includes the con-
struction Of a lumber shed 80 by
100 feet in dimension. This
shed will be used for the pur-
pose Of housing material and
will relieve the congestion In
the company's main building
Though final plans have no!
yet been worked out 1t is the In
tention Of the company TO erect
n foundry building this fall.
Plans for this and for the output
for next year will be discussed
at a trustees meeting to be held
shortly.
The company is now starting
work on the 1917 output, the
blacksmithing work being all
that is under way at present.
The plant is atso doing some
custom work.
The annual meeting of the
stockholders or the company
will be held Tuesday october
10.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1916-10-04

he confined to the one day, Friday
october Is and some lively work is
expected
The teams as selected last night are
as follows.
Rev. }, E Snyder, Captain; George
c. Baer. H. G Blydenstein. w. f
Brock. D b. Hill, W. Z. Lowell. G. NJ.
Rice, j. F. Robinson and T. j. Twee-
dy.
Marion Jack. captain: +. W. Lamp
kin, Edmund Mahie. Z. P. Marshall,
Z. Murphy, T. f. O'Brien, Mark Pat
ton, Roy W. Ritner, S. r Thompson
and W. L. Thompson.
}. V Tallman. captain; Reuben
Alexander, {. NJ. Blsnop, Fred Bloch.
J. n, Burgess. W. j. Clarke. Frank S.
Curl G. W. Phelps, f. w. Steiwer, DR..
l. L Temple
K. f. Chloupek, captain; f. E.
Cleaver Leon Cohen, II. w Collins
John Dickson, Lee Drake, H. d.
Gray C. H. Marsh, c. H. Penland, ].
H. Sturgis
c. p. A. Lonergan, captain. DR.. F.
E. Boyden NJ. r. Chessman, A. II.
Cox, George a. Hartman, DR.. NJ. s
Kern, \. J McAllister. D. H. Nelson.
j. f. Montgomery J. r. Raley.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1916-10-04
Sentence Suspended on Boys.

The four small boys who purloned
some oranges and peanuts from the
George Demott store recently were
this morning taken before County
Judge Marsh by Juvenile Officer John
HALEY and they were there given
stern lectures and some good advice
by those officials. Upon their prom
ise to reform their ways, sentence was
suspended and they were permitted
to so AT liberty as long as their be-
haVior is above reproach.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1916-10-04
AUTHOR OF SHIPPING LAW
EXPLAINS ITS WORKINGS

to supervise and care for our water
borne commerce.
A shipping board of five members
Is created. not more than three OF
whom shall belong to the same poll
tical party, to be appointed by the
president and by and with the advise
and consent of the senate. The first
commissioners shall continue in office
for terms of two. three. four, five and
six years Their successors shall con-
tinue in office for terms of six years.
No member of the board shall he in
the employ of, or hold any official
relation to any common carrier by
water, ~ be pecuniearlly interested
therein.
The board, with the approval of the
president, is authorized to have con-
structed. and equipped in American
shipyards and navy yards or else.
where, giving preference other things
being equal, to domestic shipyards,
or to purchase lease, or charter yes.
sells suitable MS far as the CONNER
cial requirements of the marine trade
cf the United States may permit, for
use as naval auxiliarics or army trans
ports. or for other naval or military
purposes. Limitations are placed on
the vessels that may he purchased.
For instance vessels engaged in the
foreign or domestic trade of the Uni
ted States; and vessels under the flag
of foreign countries engaged in war
may not be purchased. leased or char.
tered. The president may transfer to
the board such vessels belonging to
the war or navy department as are
suitable for commercial use, also the
vessels belonging to the Panama rail-
road company
When the United States is at war.
or during national emergency no
CONTINUED on Page 81
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1916-10-04
TERAUCHI IS NAMED
JAPANESE PREMIER

TOXIC. oct. Field Marshal
Terauchi has been appointed prime
minister succeeding Marquis Okuma.
He was formerly governor general Of
Korea.
japanese leaders ravoring a strong
military policy supported Terauchl
the upper parliament house urged
his appointment japanese writer's
called the new premier the champion
OF a strong expansion policy. particu-
larry resrding China. one newspa
per predicted Terauchis appointment.
means that the japanese army woulu
soon be en- route TO Peking.