davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04

c,tc bevc sent out checks in nnai SCI
Element Of profits 20 the participant
In the svndicate. Total profits 20 ,he
underwriters. including n previous u''-
trihution amounted to 81 per cent
Through the reorganization the com
nanv's 6xed charges have been reduced
70 I, gag 600. against net earnings a.
tho rate Of nearly three tunes w"
amount. and cash In it's treasury ~ '"'
start totalled ss,00O,ooo.
General Electric. Reports were cur
rent Yesterday that this company
...king IN borrow $12.00O,OOO TO rem
hur.e itself for advances to numoeI
of nublic utility concerns on contracts
made with them. Inquiry in banking
circles brought forth the information
that IL new note issue is contem-
Mated il has not yet taken dennite
form. II was not denied, however, mat
q plan Of this character was under cor,
.;dera,;on On a turnover OF 4,o0o
shares the transactions in the STOCK
vosterday showed "A net loss for the DAY
Of 2 points, the closing price being 100
bethlehem Steel.-A sharp break IN
the "B" stock in yesterdays final nour
of trading carried it down 10 soH,
net loss Of 7 points. The only appar-
emit cause for the violent decline was
the formal announcement that tne
members Of the syndicate which under,
wrote the recent issue OF S30,00o,o00
new preferred stock have been called
upon to take up more than 30 per cent
OF the issue. On the curb markt this
stock closed at 927s, compared with
Tuesdays last sale price Of 96%.
General Petroleum.-Gross profits for
the fiscal year ended June 30. 1917, ac--
cording to the companys first annual
report, issued yesterday, amounted TO
$4,884,8 89. Trading profits after sell
ing and market expenses were s4,72S,-
GIT, and net operating income after ex-
penses and taxes was $4,27S,043. After
deducting interest charges, deprecia-
ton, etc, net income for the year to-
tailed S2,343,668, equal to $3.50 a share
on the Sl3, 400, 200 common stock. Profit
and loss surplus was s2,47e,S46.
Keystone Tire and Rubber.-For tho
year ended June 80. 1917, the company's
gross sales were S2,75l, 269; merchan-
disc costs and expenses amounted to
s2,l57 ,249, and net profits were 1884,,
020. Cash on hand as of June 80 to-
tailed s575,760, compared with s526,S60
as Of December 81, 1915.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04
Dividends

hidysie Steel Ordnanes.-Re Regular quar-.
terly dividend Of $3.50 a share, payable No
yember to stockholders Of record October 20
Brooklyn City Railroad. Regular quarter.
ly dividend OF ga per cent, payable October
10 TO stockholders OF record October 3.
Consolidation Coal - Regular quarterly
dividend Of $3.50 a shnre. payable October 81
TO stockholders Of record October 20.
faiardo Susar.-Regular quarterly diyi.
dend OF - per cent, payable November / to
stockholders Of record October 20.
Homestaks Minins.-Regular monthly divi.
dend OF % cents a share. PAYABLE October II
10 stocKholders or record October 20.
Midwest RsfninS.-RegulaI quarterly diyi.
dend Of per cent, or 81 per share. psyabl.
November 20 stockholders Of record Octo-
Der 49, WV
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04
News Digest


Paris Bourse.-PARIS, Oct. 3-Trad-
ing vas very quiet on the Bourse TO-
day.
Three per cent rentes. so francs. 20
confines for cash.
Exchange on London. 81 francs 10
centimes.
Five per cent loan So francs IS CEN
times.
London Stocks Firm.-LOND0N Oct.
3.-The stock market was quietly firm.
scandinavian bonds were in good de-
mand. Argentine rails and Grand Trunk
shares recovered. but British funds
were dull on the new war bonds. The
favorite rubbers and oils were active
Marconis were a feature of the trading.
especially the American issues. which
changed hands freely over par. There
were more markings than usual in the
low priced American rails.
London Money Msrket.-LONDON,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04
Current

The abov. rates express the cost Of
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling at, say, s4.75t. The intrinsic
parity is S4.S6ts per pound. Thus, you
say either that pounds are az discount
or that dollars are at premium, which
is owing to the fact that in England
the demand for dollars with which 10
settle accounts in this country is great
or than the demand IN this country
for pounds with which TO settle &C.
counts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04
Money and Credit

Banks showed greater liberslity in
their offerings of call money yesterday
and the ruling rate fell to Az per cent,
compared with on Tuesday and re-
cent high of per cent Some money
was loaned on a per cent basis.
Bankers expressed relief at the sat
isfactory manner in which the general
money market passed through the crit
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04

The showing is less favorable than
appears on the surface, owing to the
fact that taxes are omitted from the
compilation. The tax item appears
only in the commerce commissions
complete aggregate of monthly earn
ings. In the month Of June the
taxes of all the roads included in
the statement increased s2,9l2,000,
or % per cent, over year ago.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04
The Dollar in Foreign Exchange.

Apart from the sharp rise in Scan
dinavian exchange, mention of which
is made in another column. there was
not much feature to the local foreign
exchange market yesterday. Sterling
and franc rates were shade easier.
Closing -ates yesterday. compared
with week ago, all given in the table
below American bankers have gus
pended all dealings in German and
Austrian exchange, 20 that daily quota
lions for either marks or kronen are
no longer available.
(Quoted dollars 10 The nnundl
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04
Elections

Stockholders Of the Minneapolis l.
st. Louis Railroad Company, at the
annual meeting, elected F. S. Let's, +.
A. Chamberlain and +. f. Kenaston new
directors.
John VI. Dennis and Robert D. Hop
kins have been elected directors Of the
baltimore Tube Company, 70 succeed
Henry VI. Keith and Edward S. Hyde,
resigned
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04
Finance Economics
VAIL STREET Telephonsi
Mills Building. ID Broad St Hanover COL
Telephones
Hanover 6S1t

ical first of the month period, when the
heavy quarterly disbursements in
creased the strain on banking re-
sources. Little concern is now felt for
the remainder of the. year. The ma
chnery is handy for large additional
credits at moments notice, and the
system instituted for Immediately re-
depositjng in the banks the install
ments on the government loan will
likely prevent anything more than
slight disturbances in the market.
In the time loan market yesterday
The demand was light. There was,
however. nc increase in offerings to
speak Of. and as result rates showed
no important change.
Ruling rates for monay yesterday,
compared with year ago, were as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04
DIVIDEND NOTICES
MIDvALE STEEL AND ORDNANCE COM

DIVIDEND 40.
At a meeting OK the Board Of Directors
OF Midvale steel and Ordnance Company.
held Wednesday. October 3. 1917 q quar-
tcrIy dividend OF one Dollar and Fifty
cents Isl so per share was declared. psys-
bile November !. 1917. 20 stockholders Of
record 81 close 81 business October 90 1871.
Books Will remain open.
VIM h. DICKSON. Treasurer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04
Exchange Rates
On Scandinavian
Countries Jump
Export Embargo Declared
by Great Britain Ex-
cites Market

Announcement Of Great Britain's
sweeping embargo on all exports to the
neutral countries Of Northern Europe
brought a quick response in the local
foreign exchange market yesterday
when the exchange value Of Swedish.
Norwegian and Dsnish crowns rose
sharply TO the highest levels Of the war
period.
The greatest advance occurred in
Swedish crowns, the rate on Stockholm
jumping forward to level which made
them worth 37h cents. compared with
a normal par value of 26.s0 cents. The
advance from Tuesdays quotation
amounted to ~ cents. Norwegian
crowns were nearly a cent higher at
1910. while the Copenhagen rate ad-
vanced y cents.
Importers Find Offerings Light :
Dealers in foreign exchange asserted
that the supply of exchange on Sweden
fell far short of the demand. II was
stated by one international banker that
American importers of Swedish goods
who tried TO buy 100000 crowns found
it impossible to obtain that amount at
any price. It was explained that the
latest British order would tend to cur
tail further the available supply of
Scandinavian exchange and. as result.
little improvement in the situation
could be expected. Scandinavian ex-
change rates in London yesterday as
cabled 10 New York were even higher
than the local rates.
Some banks here which bought Scan
dinavian exchange at lower figures last
week are reported to have made big
profits out of the rise in rates. One
house, for instance, is known to have
cashed in a profit of 1000 on a $4,000
transaction in Swedish exchange.
Gold Exports Not Likely
Under normal conditions. with the
Scandinavian exchanges at their pres
ent levels, American importers of goods
from those countries would find il more
profitable 20 ship gold in order to make
payment than TO buy exchange. As
matters stand, however, this is not pos
sible, first. because none of the Scan
dinavian countries want gold, and, sec
ond, because both Great Britain and
the United States are discouraging
such movements of the metal.
Exchange brokers pointed out that it
is likely. in view OF the rigid restric-
tons imposed by Britain and the
United States on exports of commod-
tiles TO the scandinavian countries, that
those countries in turn may stop the
shipment of goods in this direction.
This would have the effect of reducing
foreign exchange operations between
the two countries to a minimum.
Federal Exchange Bureau Urged
number of American importing
houses doing business with the North
ern European neutrals have lately
urged the Treasury Department at
Washington to organize Federal for
eign exchange bureau whose purpose
would be to stabilize the American dol
lar in these countries. The attitude Of
the authorities at Washington in the
past has been TO let the exchange mar
kets take their normal courses
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04
Porphy ries' August Production.

Combined copper production Of the
porphyry companies for the month Of
August totalled 39,s09 ,632 pounds, de
crease OF 722, 1892 pounds compared with
July. June production totalled 4i,566,-
$50 pounds. May output was 4l.234,572
pounds, and April 3S,236,302 pounds.
While Utah's August output showed
a gain OF 66S,s5s pounds over the
month preceding, Chino, Ray and Ne
vada all registered declines, compared
with July A monthly comparison Of
production follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04
New York

Receivers Tor Chemical Noncerh.-
John ". Herbert and Frank II. Plat.
were appointed yesterday by Judge
Charles ". Hough, of the Fedora Dis.
tr.ct Court, as receivers Of the Federal
Dyestuff and Chemical Corporation,
with a joint bond of $4,000. The ac-
ton in which they were appointed was
brought by the Genital Foundry Com
pany.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04
Life Insurance Company Dissolved

An order dissolving the Eastern Life
Insurance Company, New York cor
poration. was signed yesterday by Jus
tice Tierney. Of the Supreme Court. in
proceedings brought in the name Of the
people of the State of New York to
wind up the affairs of the company.
1906 and ceased to transact active bust
in 1911. II has no assets. The officers
were John S. Hanson, president; Her
bert Reeves. vice-president; james c.
Green. treasurer. and Charles A. An
derson SECRETARY
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04
Federal Exchange Bureau Urged
Relevant Facts

Dividend Disbursements.-The Lind
say Light Company has declared an e1-
ira dividend Of II per cent on the
common stock, in addition TO the regu-
lar quarterly dividends Of 3 per cent
on the common and IA per cent on the
preferred stock. payable November 30
to stockholders Of record November l..
These dividends are the same as those
paid three months ago.
Directors of the American Light and
Traction Company have declared the
regularly quarterly dividends Of IN
per cent on the the preferred stock
and 2i1 per cent in cash on the COM
mon stock; also a stock dividend OF
on per cent on the common shares,
payable November to stockholders OF
record October 10.
Pere Marquette Railroads. regu-
lar quarterly dividend of IA per cent
has been declared by this company on
the prior preference stock. payable No
yember | TO stockholders of record 0c-
tober IS. This is the first regular
quarterly dividend declared since the
reorganization of the company. On Au-
gust | last a distribution of Sl.66 2-3
was made, covering an irregular Pc
Rod.
JS W. Seligman & Co., Robert Win
throp g. Co. and Kidder, Peabody Co.,
managers of the reorganization syndl-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04

Oct. 3. Money was in better demand,
the ruling rate being per cent. Dis
count rates: Short bills. ~ per cent,
three months bills, 1915 per cent.
Gold premium at Lisbon. 5000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04
American Telephone & Telegraph Co..

4 dividend q Two Dollars per share Will
be paid on Monday. october IS. 1917. TO
stockholders Of record az the close Of bus-
ress on Saturday. September 2s.-Isl7
G. u. MILNE. Treasurer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04

Sub-Treasury. - New York banks
gained from the Sub-1reasury 81
10000.
Silver.--Bars in London, Ard. un-
changed; New York, $3.50, unchanged;
Mexican dollars, tic. unchanged.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04
Ir,,;,,,;o, Consolidated Copper Co.

Tie Directors have this day declared a
df,ilend of s. 90 per share. payable Monday.
O.torer 20 1917 Co stockholders OF record
n. 1900 O'Clock J.. NJ. Thursday OCTOBER H.
New York. September a. 1917
J. ". ALLEN, Treasurer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04

Below is given the current exchange
value of foreign money in dollars and
cents, together with the intrinsic gold
rarity, as calculated by the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04

Liberty Loan 312 per cent bonds
sold on the stock exchange as low
as 99.SS. This price compares with
the high record of 10000, made last
week, prior to October /, when the
bonds were being bought by people
of means to avoid paying the state
tax. Heavy sales at the present time
are attributed to selling by invest
ors. who must dispose of the old in
order to buy the new As. 1t is likely
that there will be active trading in
the Liberty 31as from now on until
the closing of the offering of the As.
Buying by wealthy investors, who
look upon the 312 per cent bonds as
an extremely cheap taX-eXempt Sc
curity, is expected to continue.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04

Gross operating revenues of fifty
two railroads in August, as reported
to the Interstate Commerce Commits
sion, aggregated 136,1S5,25O, an in
crease Of s15,9lS,OO0, or Is per- cent,
over the corresponding month of
1916. Net revenues, as result of
the increase in operating expenses,
decreased $72,305 to $44,S82, $50.
The following table shows the earn
ing figures for the fifty-two roads
for August and the first eight
months of the current year, with the
changes from the corresponding peri
cd of 1916:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04
Wednesday, October s, 1917.

The improvement that has &C.
CURED in the money situation in the
last day or two has so far brought
no response in the stock market.
Stocks have continued their declin-
ing movement, with only temporary
and unimportant rallies. Offerings
are not heavy as compared with
what they have been in the past.
The trouble is that there is no in
centive TO buy stocks at this time
because Of many uncertainties. The
Street is still puzzled over how the
excess profits tax is to work out. The
price fixing programme, as regards
copper. iron, steel and coal, all ba-
sic commodities, is still far from
completed. despite the fact that the
prices have been officially announced.
These industries are in state of
confusion and business is reported
at a standstill. Then there are the
railroad earnings, which are not
making the sort of showing that
would induce buying for investment
The professionals who make their
livelihood by scalping profits have
long found it to their advantage to
play the short side, and their selling
for the decline continues as the chief
unsettling factor in the market, al
though there is no doubt considerable
liquidation taking place.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04

Wall Street has been so depressed
of late over the action of the security
markets, the impending heavy war
taxation and other equally unfavor-
able developments that it has APP
parently lost sight of the fact that
the greatest food and fodder crops
the country has ever raised are now
practically made, and, therefore, are
safe from adverse weather condl-
tions. That this is the case is indi-
Gated in the latest government
weather report, which announces
that nearly all the corn is safe from
serious frost damage in the northern
tier of states and harvesting has
been begun. In other words, this
means that this years crop of corn
will exceed the 1916 yield by at
least 100000 bushels, bringing
the total we'll above the three-blll-
ion bushel mark. At the same time
ploughing and seeding Of the winter
grains is proceeding in a satisfact-
DRY manner in practically all sec
tons of the country. 1t is esti-
mated that one-half Of the winter
wheat land has been planted in
Kansas, and in Missouri about 70
per cent of the wheat land has been
prepared and 20 per cent sown. In
many districts the acreage of win
ter wheat has been substantially in
creased, indicating that the wheat
farmer has not been discouraged by
the price fixed by the government.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04
Yesterday. Year ago
Commercial Paper.-This market was

IOmmerclaI Paper.-I MS mHrKtt WIS
quiet yesterday, with a moderate
amount of business moving around 5A
per cent. Some paper has changed
hands on per cent basis, but the
average rate is below that level.
Official rates of discount for each Of
the twelve Federal district. are as fol-
lows.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-04

Bank Clearings-The days clearings
at New York and other cities:
Pine Bluff daily graphic., 1917-10-27
TURNER BEDDING
 FACTORY EXPANDS

The Turner Bedding factory has se- cured the old plant of the McDaniel- Baughm&n Lumber company, which has been idle for several years, and will remove its machinery and offices to that place in about six weeks. Ad- ditional machinery, for the nlanufac- ture of excelsior for the trade, will be installed, and other facilities increas- ed. The result will be to practically double the number of employees, which is now ten, and greatly increase the output of the plant, now about. 300 cotton and excelsior mattresses a week.
 Our reason for the change" said J. c. Turner yesterday, "are that we need more room, and principally be- cause the new site is located on the railroad, and is nearer our supply of cotton, pine and willow, used in manu- featuring excelsior, which we will ship in carload lots"
 The Turner Bedding factory was es- tablished here about 15 years ago by II. K. Turner, who is assisted in the management by his son, J. c. Turner
 No disposition has yet been made of the present location of the factory, at Twelfth avenue and State street. but it probably will be sold or leased for another business.
Pine Bluff daily graphic., 1917-10-27
OUR BANK RESOURCES UlNIMPAlRED.

Despite the tremendous govern anental financiering program, our banks stand up well. Their resour- ces exceed any previous record c' strength. Total resources at the iast bank call was more than 161s billion dollars.
 i. If $5.000, 100000 of deposits should be withdrawn from the national banks of the country" said Comptr:r Ter Williams, 'tleir deposits would still be $2S6,000.0O0 greater than they were at this time in 1913, the year 5i fore the outbreak of the European war;"
 National banks assisted wonder. fully in financing the first Liberty loan, which involved to certain ex- tent the withdrawal of deposits; yet the deposits of these banks. compared with May 1. last before the first Lib erty loan was announced, show an actual increase of 4.0Oo.000. It is a fact that bank deposits are $1.S72.' 100000 greater than on September < 12; 1916. this being only in nati9ha
Pine Bluff daily graphic., 1917-10-27
WAR PLANTS IN PEACE TIME.

Fears that when neace comes the capacity of industrial plants in war work will be far beyond the demands, has frequently occurred to business men. The steel and munitions plants of the country have Tad to increase their capacities enormously with productive machinery in order to make material that will not be made after the war. Liberal allowances < for depreciation naturally results. and undoubtedly is lesitimatc,. though the treasury department has announc- ed that some such depreciation IS for the purpose of lodging taxes.
 Concerns building big plants for governmental service will have white elephants on their hands after the war is over; that's evidently why they are trying to set all their cost now out of the price charged for their products.
Pine Bluff daily graphic., 1917-10-27
STATE PROPERTY VALUES INCREASE '
 NEARLY $75,M9M

Little Rock, Oct. 26.-From rspan received the Arkansas tax commssA estimates that the increased asses ments this year over last year WI be nearly $75,000.000. Of 57 counaa heard from the total increase is sSlI S47,S47. an average o: sl,0S5,o@. M IS counties to be heard from folloI' Eentcn, Carroll, Conway, Cralshaa Crawford, Franklin. Fulton, Garlla Independence, lizard. Lee, Logan, M ison, Prairie. Scot, Washlnga White and Yell. .,s
 Counties reportins yesterday m low: Faulkner county. assessnsh 1916. S3,63O,135; 1917, $4,O7o,M; U increase of $446,,0SG. Crittenaa county, assessment, 1916. ssSlsiss,' s 1917, $11.566.730: an increase ol N 74S,273.
Pine Bluff daily graphic., 1917-10-27
NOW WE HAVE A DYESTUFFS
 INDUSTRY.


 We all remember, when the war broke out, how forcefully it was brought home to us tkat we had been getting practically all our dyes from Germany and that we were hard put for dyes that would defy the laun- dry.
 It appears that even the sticking quality of the colors in the Stars and Stripes depended upon German dyes. Tio situation is now changed. We have quite live dyCteuffg industry at present-one developed since the war.
 In 1914 there wery only seven dye stuffs plants in the country, with 52S employees and an annual output worth only $1,126.699.
 But for the seven months ending with July our exports of dyestuff3 amounted to sS,432,39s. It would seem that today not only have wo enougn domestic dyes to supply our needs, but We are also exporting dyes.
Pine Bluff daily graphic., 1917-10-27
COTTON AT 53 CENTS.

Forrest City, Ark, Oct. 25.-John TanAersley, the Johnson township farmer who has been marketing sta pie cotton this season. with unusual success beat his own record here Wednesday when he sold two bales to the Fussell-G m-Alderson com pany, receiving for the lint 5S per pound--one of the bales weighed 526, and the other weighed 522. for which Tankcrsley received total of $ooo. A. Later Tankerslcy solo four or five 100-pound sacks of seed to farmer friends ut 600 per hundred.