davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-07

o26.4O5, and profit and loss surplus, IN
Guiding the pervious surplus, was si,-
los, 1888, against ss62,529 year ago.
Studebaker OBSERVATION-DISCLOSURES
are scheduled to meet to-day for diyi-
dend action. The steady decline OF the
stock over the past few months mas leo
10 the belief in the Street that the
present rate of 10 per cent Will De
lowered substantially. There was no
great activity in the stock on the Elk
change, about 1900 shares changing
hands. The closing price was 0S7'
of n.
Canada Copper Corporation;:-A spe-
cial meeting of stockholders mas oeeh
called for August 20 TO authorize the
issuance of S2,500,000 ten-year per
cent frs. mortgage sinking fund con-
vertible bonds. dated January l, 1918.
Shareholders will also act on propo-
sition TO increase the authorized
amount Of stock to the extent or l,OOU,-
600 shares, s33,333 of which Will be
for corporate purposes. The company
held for conversion and the balance
now has an authorized capital OF l.
0OO. 900 shares, SIS par value, Of which
g40, ADA are OUTSTANDING. iAS ~
will be used 70 cover the development
of the recently acquired Columbia Cop
per Company, including the installa-
ton of 3,000-ton mill.
Utility Companies Ask Higher Rates.
The Missouri Association OF Public
Utilities has filed an application with
the State Public Service Commission
for issuance of a blanket order author
ling an increase in rates. Three hun
bred and three public utility companies,
are represented in the association
which argues that in the last few months
the price Of coal has risen AZ per cent
and that the cost of labor and ma.
tcrial in the same time has advanced
1856 per cent.
Panama Canal Tolls.-In the month
of June tolls collected from vessels
using the canal amounted to S5l8,6Ol,
as reported by Governor Harding to the
Secretary of War. One hundred and
twenty-five ships passed through the
canal, Of which forty-five were Ameri-
can and seventy British.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-07
Bethlehem Steel May
Issue Short Term Notes

Reports in the financial district yes
terday that the Bethlehem Steel Cor
poration is considering a plan to issue
s20,OO0,O0O additional "B" common
stock TO raise new working capital were
denied by bankers who were associated
in the offering last February of $780,
100000 OF the company's two-year
notes. The purpose of this issue was
TO provide funds for completing the
troublesome Russian munitions con-
tract.
1t was not denied, however, that in
the event that sufficient advances are
not forthcoming from the United States
government on its contracts TO the
company resort may be made to an
issue of short term notes to carry on
this work.
Bethlehem "B" shares were subjected
to pressure yesterday on the reports of
a new stock issue. The stock sold as
low as l26 and closed at 1858, net
decline for the day of IL. points.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-07
Japanese Buy
Securities Here
Want Credit in India to
Check Gold Shipments
From u. S.

Japan Is drawing gold out Of the
United States largely because her mer-
chants and manufacturers need the
metal to ship to India to pay for cotton
bought there. If Great Britain could
arrange suitable credits in India for
Japan the necessity Of gold shipments
from Japan to India would be eliminat-
ed and gold exports from the United
States 10 Japan would practically
cease. This opinion was expressed
yesterday by X. j. Imanishi, manager
of the New York agency of the Bank Of
Taiwan (Formosa), one of the largest
japanese banking institutions.
Gold Exports May Continue
The Bank Of Taiwan, acting for jap
anese exporters, has been heavy ship
per of gold from the United States to
Japan in recent months. Since June l
it has shipped upwards of Sl5,000,00O
in the metal to the Far East. How
much longer the movement will con-
tinue cannot be stated definitely, &C
cording to Mr.. ImanShi, although he
DtlltNtS lHhL the JAPANESE
is willing TO check it if other means
can be found whereby Japan can pay
what she owes on balance in India.
Japan's imports of cotton from India
approximate value of about 200,-
100000 yen, or slo0,000,o0o q year. Or
dinarily this could be paid through
the ordinary exchange channels. The
war has changed all thos, however, and
the japanese merchant, like the Ameri-
can, has to settle his debts in India
with gold.
Buying Securities Here
The gold that Japan is withdrawing
from this market is obtained here
through the accumulation of large Jap
anese credits as a result Of the heavy
balance of trade now running in favor
of that country. By no means is the
entire balance owing Japan being set
tied through gold exports. Mr.. Imam
ishi said yesterday that his bank had
bought in the last two months approx
mately s5,0O0,000 of securities in the
American market, including Anglo
French IS and other high interest
yielding foreign government securities.
The bonds are bought for Japanese in
terests.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-07
Every One Has $46.53
That Was the Per Capita
Money Distribution Aug. l

WASHINGTON, Aug. 6.-Money in
circulation in the United States, the
Treasury Departments circulation
statement to-day shows, reached new
high record August I. The total on
that date was S4,S52, 094, 1853, an in
crease of nearly % per cent within a
year. This includes gold, silver and
all forms of currency, but does not in
clude money in the Treasury, which
would bring the total up to s5,5l3,-
292,S94.
The per capita circulation August l
was s46.53. Within a year the per
capita circulation has shown the phe-
nomenal increase of S7.53, which is a
record.
The amount of gold in the Treasury
and In circulation was s3,0S6,2l8,49S
an increase of s5S6,000,0O0 within the
year and of approximately $1,000, 00o,-
900 since the European war started.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-07
LOANABLE CREDIT (MILLIONS)


If there is so much money available
TO borrowers, the question arises, Why
did call money rates rise to 10 per cent
in the middle of July?
In the first place, some banks which
have always prided themselves upon
their ability to pass through all kinds
of financial storms without seeking
assistance from other credit institu-
tions, showed a prejudice against Dor
rowing from the Federal Reserve
Bank But secondly, and more impor-
tant, too little of the paper held by
New York banks could be pledged at
the Reserve bank, which does not lend
on maturities exceeding three months.
American merchants will have to give
up the custom of making their promis-
sorry notes run from four to six months
if they wish to obtain the most favor
able terms Of credit.-A leIdnder
Hamilton Institute.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-07
Current Comment
Confidence Returning

Business confidence took turn for
the better after the second week Of
July, owing to the promising govern
ment harvest forecast and a sub
stantial decline in money rates after
the mid-year financial strain.
In many lines of trade there has
been a tendency TO hold back owing
to uncertainty regarding CONSUMPTION
and government intentions regarding
prices and profits. A summer lull,
more noticeable than last year, has re-
suited. A favorable factor which is
little appreciated by business men lex
cept technical students of banking
conditions) is the increased financial
power which the Reserve banks have
gained through the operation of the
recent Reserve act amendment. Be-
fore this act the loanable credit of
the Reserve banks was only about
S5O0,0O0,0OO. whereas now 1t is three
times that amount.
IOANARIE CREDIT (MIIIIONSl
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-07
Dividends

international Niekel.--Regulsr auar'eru
dividend OF $3.50 a share on the eommo.
stock. payable September ! To stoekho''e''
OF record August IS. ,,
Crescent Pipe Llne.-Rsgular qusr,sru
dividend OF IS cents . share. payable s.s
tember Is TO stockholders OF record nv
gust % a.,
HARRISON Walker Rsfraetoriss.-
quarterly dividend of n per cent ana -.
cent extra on the common stock sha
regular quarterly IA per cent divideno o"
the preferred stock. ,.,
J. I. Case Thrashins Msehine.-kesu..sss
quarterly dividend OF Ia per cent on "
preferred stock, payable October to s''SA'
holders Of record September 10.
Lit Brothers OBSERVATION-DISCLOSURES -
dividend of per cent and an extra !. CIV, !.
dend Of ~. per cent. payable August !"
stockheldsrs Of record August 70.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-07
Canada May Float a
War Loan in the Fall

TORONTO, Aug. Cit is doubtful,
according to "The Monetary Times"
whether the 100000, 900 Canadian loan
foated in the United States will obvi-
ate the necessity of another domestic
war loan late this fall. Larger Dor
rowing in the United States might
have postponed our fourth internal war
loan until January, February or even
March. As it is the strength Of the
Canadian investor may have to be test
ed again in November.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-07
The Dollar in Foreign Exchange

Quiet prevailed in the local foreign
exchange market yesterday, with rates
moving within narrow limits. Italian
lire were lower, despite announcement
that the United States government had
advanced another 100000. 900 to Italy's
credit. Neutral exchanges were steady.
Closing rates yesterday, compared
with a week ago, are given in the table
below. American bankers have sus-
pended ell dealings in German and
Austrian exchange, so that daily quo
tations for either marks or kronen are
no longer available.
Week
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-07

tom, representative Of the Canadian
Northern shareholders, and a third ar
bitrator tc be appointed by the other
two. While the present proposals
shelve, for the time being, the COM
plete solution of the railroad problem
and satisfies the popular demand that
no more financial assistance be given
the Canadian Northern Railway, it will
remain for new Parliament to con-
slider the Drayton-Acworth troubles,
having in view at the same time the
rapidly increasing national debt
Monetary Times.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-07
Current
ax,baono Iptripc

The above rates express the cost of
foreign money in terms of the Ameri
can dollar. You buy an English pound
sterling at. say, s4.79n. The intrinsic
parity is s4.s6ts per pound. Thus, you
say either that pounds are at dis
count or that dollars are at a pre-
MUM. which is owing TO the fact that
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, 1917-08-07
Magazines for Soldiers

. Wall Street men are requested by
the American Red Cross TO save cur
rent periodicals for shipment to our
soldiers in France. They will be re-
eeived each noon at the Red Cross
room, 80 Broadway.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-07
News Digest
Foreign

Paris Bourse-Paris, Aug. 6.-Trsding
was quiet on the Bourse to-day. Three
per cent rentes, 81 francs 80 centime,
for cash. Exchange on London, q
francs 10 confines. Five per cent loan,
81 francs 55 confines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-07

Gold Currents.-Gold to the amount
of s1,645,000 was received yesterday
from Canada at the Philadelphia Mint
for the account of j. P. Morgan e. Co.
This completes the movement. Ship
ments on the current movement now
amount to sl4,O45,OO0. Since January
/, 1915, total imports Of gold aggregate
672776O00
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-07

Boston Bank Statement.-The weekly
statement of the Boston banks dis
closed a decrease of s7,55S,0OO in loans
and discounts. The cash surplus with
the Federal Reserve Bank decreased
$685. 900 from the preceding week.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-07

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: Current
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-07

Sub Treasury. - New York banks
lost to the Sub-Treasury $4,000.
Silver.-Bars in London, Aid; New
York. 500 cents; Mexican dollars, 62ss
cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-07
Money and Credit

Despite the improvement in the cash
position of the local banks. as indi-
Gated in the Saturday bank statement
no important change was reported in
money rates in the local market yes
terday. Lending institutions, as a rule,
continued to restrict their offerings,
particularly for the longer maturities.
Loans secured by a mixture of railway
and industrial collateral were quoted
at Az to AZ per cent.
Call money at the Stock Exchange
was in liberal supply, with most of the
days business being done on 2 per
cent basis, compared with 2h per cent
on Friday.
Ruling rates for money yesterday,
compared with a year ago, were as fol-
lnxte.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-07

Bank Clearings.-The days clearings
at New York and other cities:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-07

Commercial Paper. - Trading was
quiet yesterday, with the rate holding
at per cent for the best regular ma
turtles.
Official rates of discount of each of
the twelve Federal districts are as fol-
lows:
The Bridgeport evening farmer. [volume] (Bridgeport, Conn.) 1866-1917, 1917-09-21
TEUTON DIVISIONS
USED UP RAPIDLY

Grand Headquarters of the French
Army in France, Sept. 21--(By the
Associated Press.) Thirty-five Ger
man divisions have been engaged in
the fighting in Flanders during the
course of the six weeks from July 18
to Aug. 20, eight Of which are still
in the front line. Nineteen Of the
drawn and are now undergoing re-
formation in rest camps, the other
eight being assigned to defend quiet
sectors along the fighting front and
elsewhere.
The average duration of the occu-
patton off ront trenches by German
divisions before their withdrawal is
only eight days, in which time the
casualties became so heavy that their
retirement is compulsory.
During a similar period Of the Som
me battle a year ago, thirty -four Ger
man divisions were engaged, twenty
two of which were withdrawn as a
consequence of casualties after twelve
days fighting. During the Verdun
fighting, which began on Aug. 20, ten
German divisions, including four re-
serve divisions, were withdrawn af-
ter fighting from a minimum of two
days to a maximum of four days.
Eight Of these divisions were regard !
ed as exhausted. Six new divisions,
which replaced them, now occupy the
line.
The Bridgeport evening farmer. [volume] (Bridgeport, Conn.) 1866-1917, 1917-09-21
BRITISH ADVANCE
FRACTION OF MILE,
GERMANY ADMITS

Berlin. Sept. FL, via London.-Bri-
tish troops at Passchendaele and Che
luve1t. on the Belgian front, at times
yesterday pressed forward for a dis
tance of more than two-thirds of a
mile. says the official statement is
sued today by the sierman general
staff. West of Passchendaele the
British were pressed back by coun-
ter attack. North of the Menin-
Ypresroad portion of the terrain
remained in the hands of the Bri-
tish.
The statement also says that after
fluctuating fighting between Lange-
marck and Hollebeke the British wers
able to advance for a depth Of two
thirds Of a mile.
General Ludenldorff reports that in
all the other sectors the English, sus-
tanning heavy losses, were thrown
back into the crater field. sAll the VII
lagos in the lighting. zone are declared
to he in German possession. German
troops, it is announced, successfully
withstood the first day of the third
battle Of Flanders.
The Bridgeport evening farmer. [volume] (Bridgeport, Conn.) 1866-1917, 1917-09-21
christmas Bells Will
Be Peace Bells, /" Member
Of Reichstag Declares

Copenhagen, Sept. 21-The Polsti-
ken today prints an interview with
Herr Leube, liberal member of the
German refchstag in which he says he
is convinced that the German reply
to the peace note of Pope Benedict,
which was unanimously adopted, will
be couched In terms in accordance
with the peace resolution passed by
the reichstag majority on July 19.
Herr Leube declares that he and
most Of the German liberals and SO.
cialists consider that the annexation
of Belgium or the exercise of control
over it would be stupid. eff we took
Belgium" he continues, 1--WE would
have to give it rs Representatives in
the reichstag, and it is not difficult to
imagine what troubles those 25 would
cause the government"
The German reply to the pope, Herr
Leube believes, will promote the bring
Ing about of peace. @'I am convinced
that the Christmas bells will be peace
bells,'' he declared.
The Bridgeport evening farmer. [volume] (Bridgeport, Conn.) 1866-1917, 1917-09-21
LIBERTY BONDS FOR
RRIDGEPORTERS WHO
GET FIRST GERMANS

The first citizen of Bridgeport In
the national army, who captures
German, will be presented with a
500 Liberty bond by James j.
Leon, of AZ Clarence street, a
Bridgeport business man.
In addition, a $50 Liberty bond
will be paid by Mr.. Leon to the
first citizen of Bridgeport who en-
ters Berlin with the American
troops.
He himself is a member of the
national army and will leave for
Aver, Mass, Oct. 4. He is now
winding up his business affairs.
tI am authorized. besides, to
promise 500 on behalf of Moe Alb
alan, 1134 State street." said Mr..
Leon today, 'tto the first Bridgeport
resident of Syrian extraction who
captures a German. There are
many persons of the race in the
national army.
I'm going to make an effort to
be the man to get the first German,
myself he said. eff I should be
| the lucky soldier I'll turn my prizes
l. over to the Red Cross
His offers are secured by prop
| erty in this city, Mr.. Leon said.
The Bridgeport evening farmer. [volume] (Bridgeport, Conn.) 1866-1917, 1917-09-21

AS result of strike troubles with
the hatters in Danbury, Judge Curtis
of the superior court has granted a
temporary injunction restraining
members Of Hatmakers' Union No. 10,
from congregating in front Of fac
tories controlled by the United States
Hat Co. and threatening employees.
Papers in the Injunction proceedings
were filed today in the superior court.
Among those restrained are Presi-
dent Cornelius McCue of the union,
Secretary and Treasurer Hugh Shall
voy, jeremiah ,ScuIly and John OfHara
of the executive board and Martin
Lawlor of New York. Property in
The Bridgeport evening farmer. [volume] (Bridgeport, Conn.) 1866-1917, 1917-09-21
LINEMAN JUMPS
FROM TRUCK IN
NICK OF Time
Deserts Tower Repair Car as
Trolley Pushes It Nearly
Into River.
NEW BRIDGE FENCE
SMASHED BY AUTO
Trolley Motorman Declares
Brakes on Electric Fail.
ed to Work.

The presence of mind Of George
Dugan. a 1ineman, 27 years, of Cliff
ford street, saved him from being
precipitated into the waters of the
river and perhaps
drowned at O'Clock this morning,
when trolley car crashed into the
auto-toWer truck on the top of which
he was standing.
Dugan leaped from the tower plat
form to safety as the auto, after tear
ing away about 20 feet of the tempor-
ary wooden fence started to tumble
into the waters Of the PeQuonnoclz
river from the new Stanford avenue
bridge. Fred Kennedy, the driver of
the truck. jumped from his seat to the
roadway. and picked up Dugan who
was knocked unconscious when he
struck on the warrenite and suffered
a fracture of the wrist.
The truck in it's flight from the
bridge struck one of the remaining
stable posts, from which the wood
fencing had been torn away. and the
rear wheel became firmly locked to
the post Held in this position it was
suspended in midair over the waters
of the river until the wrecking crew
from the company removed it to a
place of safety.
Dugan, according to the police, was
arranging wires over the bridge from
the tower top and the driver of ma.
chine was at the wheel. An electric
coming from Milford over theeznew
bridge was unable to stop, the motor.
man alleging that his air brakes fail.
ed to work. The trolley struck-the
truck from the rear with such vio'
lence that the truck shot across the
bridge and through the tenporar!
wooden fence. The old half of tn,
bridge has been completely removed
Kennedy seeing 90 danger, yelled tt
Dugan and jumped out of his seat
Dugan noting the trucks course ant
the fact that he would be thrown
from the tower, which even then wa
inclining beneath. his feet, into thu
river. leaped to the bridge.
DR.. Ewald OIsson found Dugal
badly dazed. wrist fractured ant
his body painfully bruised. The ply
sician removed the injured man to tn
Bridgeport hospital in the emergenc,
ambulance. Kennedy was unfurt
The broken bridge fencing was re-
paired after tie automobile had beel
taken from its suspended position.
The Bridgeport evening farmer. [volume] (Bridgeport, Conn.) 1866-1917, 1917-09-21
SUPERIOR COURT GRANTS
INJUNCTION RESTRAINING
|HATTERS FROM PlCkETlNGI

Danbury belonging to Shalvoy has
been attached.
The company claims it recently toolxi
Ger the plants of the Frank H. Leai
Co., John w. Green & Son, Harry Nc
.Lachlan and S. A. G. Hat Co. 1t isl
alleged the union men conspired tot
prevent the operation of the plants
by congregating in front of the shops,
hurting vile names at employees and
beating some of those who remained
at work. It is declared that as the
police force of Danbury is too small
to cope with these large GATHERINGS
that serious riots are threatened In
addition to the injunction DAMAGES e;
5000 se SaA
The Bridgeport evening farmer. [volume] (Bridgeport, Conn.) 1866-1917, 1917-09-21
GERMANY PRODIGAL OF HUMAN
LIFE IN EFFORT TO HOLD LINES

ing the afternoon and evening his cas-
ualties were unusually great.
THE clear light of the latter part of
the day enabled our troops to obtain
warming of impending attacks and in
every case the advancing lines of Ger
man infantry were destroyed by the
concentrated fire from our rifles, ma
chine guns and artillery.
1.-THE obstinacy with which the en-
eny constantly repeated his attacks
only added to his losses without re-
covering fors him any of the valuable
ground which we had won.
Exhausted by his previous efforts
te enemy made no counter attacks
during the night, and our troops were
able to consolidate the positions UNI
disturbed.
sour own losses in the battle are
light.
"In the course of the night small
hostile attacks were driven off west OF
Havincourt and west Of Lens
The Bridgeport evening farmer. [volume] (Bridgeport, Conn.) 1866-1917, 1917-09-21


London, Sept. 21AField Marshal
Haig in later reports regarding the
British offensive on the Belgian front,
ito the east of Ypres.. yesterday. when
the British troops pushed through the
German lines for distance Of more
than a mile, says that the complete
ness of the British success is confirm
ed by detailed accounts of the. battle.
The Brisssh war office, after the re-
fceipts of Field Marshal Haig's report.
to-day issued this bulletin:
More detailed accounts Of yester-
days battle confirm the completeness
Of our success. During the evening
local attacks delivered by US in the
vicinity of Tower hamlets end north
east Of Langemarck cleared up a
number of strong points and conplet-
led the capture Of our objectfves In
these localities
'sIt is no< established that in the
many counter attacks delivered by
EconsiderabIe forcAs OF the enemy dur