davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15
chicago and North Western Railway {

NOTICE OF ANNUAL MEt -,
The Annual Meeting OF the StocAh0Dt1.'f 80.
OF the Chicago and North western ~
way Company will be held a. th- on1Ss q
the company 1926 West Jackson Bou. .'s,,,..
In the city OF Chicago. Illinois. on t.,o,x
day. October 10. 1916. az eleven "a
A. NJ. for the election ~ Drectou a,
the transaction OF such other ols4"e"
may come before said meeting. ,,.s.v
Transfer books Will be closed on Mo..,.-..,
September IS. 1916. - the close OF o.s'Irr ~.
on that day. and viii be rcopenca 9"
day october 20. 1916.
Dated. September I. 1916 -,
RICHARD n. ASHTON. Presoe"-
JOHN u. CALDWELL. secretary
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15

The above rates express the cost OF
foreign money in terms of the Amerl-
can dollar. You buy an English pound
sterling for s4.75%; the intrinsic par
ity is s4.S65s per pound. Thus, you
say either that pounds are at dis
count or that dollars are at premium,
which is owing to the fact that IN Eng
land the demand for dollars with
which TO settle accounts in this coun-
try 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, 1916-09-15
LEGAL NOTICE.

STATE OF NEW YoRK-oFFlcE "
TEE SECRETARY OF STAT ~.
1T is HEREBY CERTIFIED Lna.
trademark "GEAREASE." OF sN.1 =,
Finch Company. was this day pisS'e. ..
n!e IN this onice. The principal p.Aos =,
business OF said Company Is locats,,,
No l65 Broadway. Borough 81 MsnnsN
city. County and state Of New YORK =,
WITNESS my hand and the 80. a,
ofnce OF the Secretary OF st-' IN
fseal1 tho CIV OF Albany. this ih.rus's..
day OF August. one thousand
hundred and sixteen
& w TAFT.
Second Deputy Secretary or So
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15
INVESTMENT SECURITIES
FINANCIAL MEETINGS.
CHICAGO, SAINT PAUL. MINNEAPoL''
AND OMAHA RAILWAY ".

NOTICE or ANNUAL MEETING
The Annual Meeting OF the StocNho.o.',.
OF tho Chicago. Saint Paul, Mlhnesks
and Omaha Railway Company VIII - - -
AT the Office OF the company, IN me 90 -
Hudson, Wisconsin. on Friday. Ocioge.
1916. at nino o'clock a. n. ,or the &C.,. -
Of directors and the TRANSACTION o.
other business as may come ue'o''
meeting uo,.
Transfer books will be closed or ~ !,
day. September IS. 1915. az the c.os.,,i
business on that day. and viii be reops"'S
on Saturday. October q. 1915.
Dated, September Z. 1916 ,
JAMES T. CLARK, P@es'deh@
JOHN d. CALDWELL, Secretary
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15
Thursday, September II, 1916.


There is always a point at which
people stop thinking about the stocE
market and abandon themselves t.
the feeling of it. The sense of val
ues is then utterly lost, and specu
lation proceeds in a headlong man
ner to its climax. That is pure
folly and deserves it's fate. But
here is a situation in which people
act by feeling, not because they pre-
fer that mode of conduct, but be-
cause thinking fails. The sense OF
values is gone. 1t was not volun-
tarily abandoned. 1t was swamped
From now on" says a house that
still obeys the conservative instinct
there will be more profit made from
the study of facts than from putting
| confidence in every rumor." But
what can one do with the facts!
Rumors seem cheap and tawdry be-
side the facts. Fancy the price of
Bethlehem Steel being affected by
rumors of a deal! The stock is
earning somewhere between 5000
and $500 a share, possibly more.
Until the war it had never received
a dividend. People repeat rumors
only by force of habit, without hear
ing them really. The facts are too
distracting. Rumors are like the
tinkling of brass. They are not IN
the least needed to account for a
sensational rise in the price of this
or that corporation, which, having
paid off all money borrowed, having
redeemed as much of its funded
debt as it could lay hands upon, and
having availed itself of discounts for
cash on all purchases of material,
still finds itself in possession Of $40
or $50 share profit on the common
stock. This has happened to cor
porations that had resigned them
selves to poverty. 1t has happened
to directors to whom the thought OF
dividends on the preferred stock was
a nightmare, and the idea of divi-
dends at any rate on the common
would have seemed wild and chimeri-
cal. They have spent profits IN
every other way they could, ever on
new property as fast as it could be
built. and there has been yet an in
credible remainder. 1t is very
strange. Now, from the other side
the difficulty is to determine what a
stock is worth to which something
like this has happened. You can't?
1t may continue to happen for SIX
months, a year, two years, or 1t may
stop in sixty days. What will hap
pen after the war nobody knows. In
the mean time, the value of money
is falling so fast Chat being the
converse of the rise in prices that
while the directors hold the profits
in their hands, debating what dispo-
sition to make of them, they shrink.
When prices are rising, money is the
worst thing to have. The sooner
YOU exchange it for something else
the better. But that is argument
aside. The point is that the facts
on which people buy and sell stocks
are so unrelated TO experience that
values cannot be nationally con-
strued. You cannot say what any
thing is worth. That being true,
and credit being cheap and very
abundant, there is imminent danger
of a speculation on the Stock Ex-
change so wild and delirious as IN
itself to become forever unique. 1t
is TO be hoped that this will not hap
pen. but there are already symptoms
and unless the bankers can increase
the volume of their selling the mar
ket may get out Of hand unexpect-
eddy.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15

recent arrivals and is having difficulty
in taking care Of the metal.
The Sub-Treasury transferred $780,
900 to New Orleans yesterday for the
account OF local hanks.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15
Gold Movements.-A consignment Of

Gold Movements.-A consignment Of
s10,000,000 in gold from Canada arrived
at Philadelphia for the account OF ].
=. Morgan e. Co., making $4,000, 900
that has gone there since the current
movement began and s29i,00O0 600 that
has been received in this country alto
gether since early May. Thus far this
week $4,000, 900 in the metal has come
from Canada. 1t is presumed that the
latest shipment Of sl0,000,00o was sent
to Philadclphi. because the local Assay
Oales has bssn literally svsmpsd By
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15

gan syndicate, on private terms;
this report was ornamented by the
suggestion that the stock would be
turned over to the United States
Steel Corporation at cost and dis
tributed by it to the common share
holders as a 10 per cent dividend
cut Of war profits. Whether any of
this be true or not, it is a fairly
competent deduction that before this
rise began in Steel common some
thing was done to remove from the
market the overhanging weight of
foreign holdings.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15

The monthly bulletin of the Egypu'.,
Ministry of Agriculture. dated Ausu'
3, gives the present condition OF -,
cotton crop in Lower Egypt, as : ~
cent above the average, while ths'
Upper Egypt is ! per cent below !"
ayerage.-The London Times
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15
Money and Credit

Money on call at the New York Stock
Exchange was eighty easier. Most of
the loans we're placed at 2% per cent,
compared with 3 per cent the day pre-
cedng
Renewed frmness marks trading in
time money. AS the result of grow
ing demand for industrial money, the
rate for over the year commitments
has been marked up TO Az per cent,
at which transactions are being made.
Mixed money shows no quotable
change, the rates being 3@3h per cent
for sixty days. 3hG3ha per cent for
ninety days, Sh@3a. per cent for four
months, 3A for five and six months.
Commercial Paper.-A frmer feeling
prevails in commercial paper circles.
Institutions are inclined to hold off for
higher rates. Transactions, however
are being made at the former rates of
91hG4 per cent for prime regular ma
turtles.
Official rates Of discount at each OF
the twelve Federal districts are as
follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15

A rise of more than 800 a share
in the price of General Motors in
two days, on transactions of 600
shares, is evidence that the stock is
concentrated in so few hands as to
be practically cornered, which is a
condition that might forbid its re-
naming listed. The fluctuations are
without intrinsic meaning. A stock
cannot be worth 500 per share
more on Thursday than on Tues
day except for purposes of ex-
ploitation. 1t is easy TO guess why
the price Of General Motors is be-
ing marked up in this way. 1t is to
establish a basis of valuation for the
new shares to be exchanged for
these, in the proportion Ct perhaps
ten TO one; and the reason for in
creasing the shares tenfold is to re-
duce the selling price per share, so
that people can afford to speculate
in it on margin with brokers.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15
New York

Union Bag and Paper Co.-Stock-
holders at special meeting yesterday
adopted the plan OF reorganization
calling for the incorporation of a new
company TO be known as the Union
Bag and Paper Corporation. This con-
Germ will have capitalization of S10,-
100000. which will be issued to present
stockholders in the proportion of eight
shares of new stock for eleven shares
of preferred and one share of new
for eight shares of old common. It wa,
also voted to purchase the entire CAPT.
tai stock Of the Regal Bag and Paper
Company for 100000, or at the rate
of 500 a share. A statement of opera
tons for the six months ended July
81 follows: Net after repairs and main
tenance, $74l,025; profit, S541 ,042.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15

Below is given the current exchange
value Of foreign money in dollars and
cents, together with the intrinsic gold
parity az calculated by the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15
The Dollar in Foreign Exchange

Further improvement was noted IN
French exchange. Cable francs sold
up to 5.S4a.. The rest Of the market
was practically unchanged.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15
Proposed Coffee and Sugar Clearing

Observation-Disclosures of the Coffee
and Sugar Exchange will vote Septem-
Der IS on amendments to the consti-
tuition permitting the organization OF
two clearing associations for the clear
ance of future contracts.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15

On the Consolidated Exchange New
high records were made by United
States Steel common. which sold ut
1914; Reading, which touched Ila&.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15

Bank of England.-The weekly state
ment shows decrease in gold coin and
bullion holdings of f645,S50. Proper
ton of reserve to liabilities is now
$3.50 per cent, against 1886 last week.
Other changes reported for the present
,veek follow.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15

There is reason TO believe that the
campaign now being conducted on
the bull side Of United States Steel
common was very skilfully planned.
On perpendicular rise Of more than
20 points there has been no evidence
Of foreign liquidation, and yet there
had been a very large amount OF
Steel common in Great Britain, none
Of which turned up in the collateral
pawned here 20 secure the last $780,
OOO, 900 British loan. Prior to that
transaction it was rumored in Wall
Street that 100000 shares of Steel
common had been taken over
from foreign bolders By q Nor
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15
Transfer of Stock Exchange Seat.

Transfer OF Stock Exchange Seat
The membership of Edward b. Swinney
has been transferred to Frank T.. Bliss,
of the same firm. Howard NJ. Schmeltz
and Lawrence d. Alexander have been
elected members of the exchange.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15
Federal
Sugar
Refining

The past two years have
brought unprecedented pros
pcrity to sugar producers and
rchncrS.
The securities of producing
companies have discounted
great part of this prosperity
bv advancing in value from
100 to 500 per cent.
The refining companies have
i'm a ike or even greater de
gree benefited by the pho
nomcnal demand from Great
Britain and France; the Sc
curitics of these companies
are selling far below their in
trinSic values.
Our special circular on Fed
cral Sugar Refining Company
contains potent reasons why we
recommend this stock as
desirable investment and one
with excellent prospects for
material enhancement in mar
ket price.
Ask for Il 40
Gilbert Elliott &CO.
Specialists
u Pine St., NJ Y. Tel. John 62l0
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15

Bank of France.-The Bank, in its
weekly statement to-day, reports the
following changes for the week:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15
Finance Economics

GARET GARRETT, Editor.
WALL STREET OFFICE: Telephone;
Mills Building, 10 Broad St. Hanover ooI''
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15

Sub-Treasury. New York banks
gained from the Sub-Treasury s12,
051, 900.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15
Maturity in days.
Exchanges. Balances

Bank Exchanges.-The days clear
ings at New York and other cities:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15

Silver.-Bars in London, 1924 pence.
Bars in New York, 6Si4 cents. Mexican
dollars, 52lz0 5512 cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15

The detailed statement compares as
follows with the same week a year ago:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15
Daily Imports and Exports.

Daily imports and exports of general
merchandise at the Port OF New York
were:
Putnam patriot., 1916-06-09
NORTH WOODSTOCK

Miss Josephine Sweet entertained the mem bers of d young ladies' club to which she belongs on Tuesday after. noon and all had a delightful time.
 Mrs. Ida Adams, who for some time made her home here, died recently in a hospital in Worcester, having had pheumonin. Her late husband was Il Mason and for several years past his widow has been an inmate of the NJ a. sonic Home in Charlton.
 Poles are being erected in the village for electric light service. The men do- ing the work are boarding with Mrs. Frank Skinner.
 Woodstock Grange observed Chil- dren's Night on Tuesday evening Four schools were represented and gave Il very enjoyable program of music, drills and recitations. Refreshments were served.
 Lyman Hubbard and Joseph Hen. ries, members of the Senior class Of N oodstock Academy, were guests at Connecticut Agricultural College last Saturday and Sunday.
 This Misses Bishop have come from Boston for the summer.
 Mrs. l.. J. Leavitl and dlug hter Der nice were week end guests of Charles White and family of Uxbridge.
 Henry Spencer and wife have been spending several days with Hiram Jordan and wife.
Putnam patriot., 1916-06-09
WOODSTOCK

Much sympathy is felt in Wood stock for the Mcclellan family beca use of the very sudden death in Haverhil of Percy Mcclellan, leaving wife and six young children. Burial was in the Woodstock Hill cemetery Monday af- ternoon.
 The body tof Sanford Fisher who died at the soldiers home was brought 10 Woodstock for burlal Wednesday He was brother of Mrs. Woodward and his only daughter, Mrs. Emma Estes, was in town for the burial.
 Friday evening the Christian En. deavor society will give reception to the choir in the chapel.
 Mrs. Grace Church White was in town Sunday with her husband and three children.
 The c. W. Bowen family are at Bald Hill for the season.
 Mrs. Clarence Taber was home over Sunday.
 Next Sunday will be observed as Academy Sunday and Children's Day services will be held June 18th.
 Master Thufston Child from Stan. ford is visiting his grandparents,
 A fine Banjo at third of it's real value at Shaw's. adv
 A very attractive line of Silver and Cut Glass can oe seen at Shawis. adv
Putnam patriot., 1916-06-09
EAST PUTNAM

Frank Smith and sons spent Memo rial Day in Kiilingly.
 MT and Mrs. Brown of killingly were guests of MT. and Mrs. Cady re- gently.
 Floyd Bowen, wife and daughter Marion called on o. w. Torrey and wife Tuesday.
 Mrs. Arthur Cutler and family spent Memorial Day in Putnam.
 J. A. Chapman and Adin Chapman and wife were iE Southbridge and Charlton Tuesday.
 l.. C. Burrill and wife and Miss Clara Burrill called on Henry Baker and wife Sunday afternoon. MT. and Mrs. Baker welcomed little son to their home Memorial Day.
 Mrs. Ernest Torrey called on Miss Addie Holland Friday.
 Mrs. George BurrilI called on Mrs. Olin Torrey recently.
 Asa Ross and wife of Putnam were guests of Fred Babbitt and wife Sun day afternoon.
 Frank Larrow and wife received q well filled June box one evening last week. A very enjoyable evening was spent with them.
Putnam patriot., 1916-06-09
EAST WOODSTOCK

Mrs. Sarah Morse of Providence is spending few weeks with Mrs. Jane Perry who is slightly more comfort able.
 Mrs. N. T. White is teaching the Red White school for the remainder of the term.
 It is reported that Clifford Farrows is moving into the Darling house.
 Mrs. Roscoe Alton is entertaining her sister from Kansas.
 Mrs. J. NJ. Paine and Miss Carrie Lewis spent last week at Valley side.
 Alan Upham Of Boston has been spending vacation at his home here.
 The annual thank offering meeting will be held Tn the chapel, June 14th, at 2.30 o'clock. Mrs William Carr of Poquonock, vice. president of the Home Missionary Union of Connecticut will be the speaker of the afternoon. Ladies Of other auxilaries in town are cor. dially invited to attend.
 Mir. and Mrs. l.. H. Linderman en- tertained MT. and Mrs. Ernest Hib- bard and daughter Edna. Mrs. Louise Child and sons, Cedric and Wallace al dinner on Sunday It being MT. Linderman's birthday.
 A meeting of the Community Cercle will be held next Wednesday evening. Mr. Stock well will give an address.
 Miss Julia May recently spent a week with her sister, Mrs. Anna May in Newton, Mss.
Putnam patriot., 1916-06-09
SUFFRAGE NOTES

Through the courtesy of the pastor, Rev. J. R. Miller, the Methodist Church at West Thompson was the meeting place for suffrage gathering, Tuesday evening, June 9th. Parties came bv automobile from Putnam and Woodstock to assist. The speakers were Mir. and Mrs. Walter J Bartlett and Attorney Erie Ii. Johnson of Put. nam. Miss ,Insa HinTiehs of Wood stock sang several delightful solos ac- companied by Miss Ethel Spauldiag At the close of the addresses there were informal remarks by Mrs k. k. Rollins, president Of the Woodstock E. F. L., Miss Katherine Byne of Put nam, F. w. Barber, Miss Nellie l.. Bloxham aud.others.
 A meeting Of the Putnam Equal Franchise League was held in Odd Fellows Hall, June 2nd, to discuss the use of the school vote by the women of Putnam. The speakers were Mrs. Elvira A Barber and Erie h. Johnson.
 Mrs. George II Day of Hartford took part in the demonstration on June 7th, at the opening of the Re publican National Convention, Chi eago which she will describe in re- port at the County Suffrage Confer ence in Putnam, June 17th.
 Mrs, Robinson, president of the Danielson League, mas invited mem beFs of the Putnam League to attend meeting ot the home of Mrs Daniel. son, l76 Main street, this Friday even- ing at s o'clock. MT. and Mrs. Levi Goodrich of Washington state will speak on the good accomplished by Equal Suffrage in that state.
Putnam patriot., 1916-06-09
No TICE:

The legal voters of the City of Put. nam are hereby warned to meet in d SPEClALCITY MEETING, at the Municipal Building. on Church street in said Putnam, on Tuesday, June 2Dlh, 1916, al g o'clock in the forenoon, , then ana there to act upon the follow ing matters:
 |. To see if the City will vote to an. propriste the sum of Six Thousand Five Hundred and Fifty Dollars tS6 ,55Oi for the purposes hereinafter set forth, and instruct the City FfeSs urer 10 borrow in the name of the City a sufficient sum to meet said ap. propriation until other provision for the same is made; the purposes of said appropriation being as follows;
 Five Thousand Dollars tS5,o0Ol thereof To be appropriated to extend and compietei the Improvement of Providence street, from School street westerly to Woodstock avenue.
 Five Hundred Dollars S50ol thereof to be appropriated to lay sewer on South Main street, for distance of aeeut e hundred and thirty d30l feet Southerly from the intersection of south Main and Grove streets; 10 lay a sewer on Mechanics street, for dis. tance Of about eighty ls0A feet north efy from ihe present end ef sewer, and to tay a sewer on Providence street for distance of about one hun. dfed t1uo1 leet westerly from the in- tef>ec1on of Providence and Lamont streets.
 Nine Hundred and FiftY Dollars lS95ul of said sum to be appropriated 10 install concrete eurbing, laN eohble guttefs, and grade the following streets and parts of streets: the wes. tetly side Of Wilkinson street, from the soulherly line of Betham Estate to southerly line of land of George E, Brousseau; the westerly side of May. nard street between Providence street and Woodstock avenue; the southerly side Of Providence street, east of the Railroad bridge, adjoining land Of the Town of Putnam; and the notherly side of Providence street, westerly from Peters brook to Woodstock ave nue.
 One Hundred Dollars tSl00) of said sum 10 be appropriated to purchase for The Highway Department Of the City of Putnam kettle and outfit for re pairing bituminous roads.
 ,. fo do any other business proper to be done at said meeting.
 The vote will be by ballot. Those in favor of the appropriation will cast a ballot with the woro "Y ESn written or printed thereon. Those opposed will cast ballot with the word "NON written or printed thereon. The polls will remain open from a. m. to D. in.
 Dated At Putnam, Conn, this 9th day of June, 1916.
 Per order Of the Common Council,
 THOMAS F. RYAN,
 City Clerk