davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1917-06-23
u. S. Treasury Finances

Washington, June 22.-Condition of
the United States Treasury at close to-
day showed: Net balance in general
fund. S334,463. 1872; total receipts, S.
355.057; total payments, S6,603,677.
The surplus this fiscal year is S74,-
5e9. .449, against a deficit Of S26. .S0O,077
last year, exclusive of Panama Canal
and public debt transactions.
New-York tribune., 1917-06-23
Fridqy, JUne q, 1917

Wall Street seems determined TO
be optimistic regarding the stock
market no matter what happens.
Three months ago a proposal to place
the railroads and coal mines under
government control probably would
have caused a serious decline IN
prices. Now it is accepted as mat
ter of course. One hears the argu-
ment in brokerage houses that such
action would exert a favorable influ-
ence on prices, since industry IS badly
hampered by lack of adequate sup
niles of coal and transportation, and
the plan, if adopted, might solve the
nroblem. Whether that is true or
not. the fact remains that the STOCK
market has displayed surprising
strength in the last two days, the
rails sharing the advance with the
industrials. Nor are traders much
worried about the price discussion, or
if they are there are no visible signs
10 show it. Most persons IN the
financial district believe that the gov
ernment would and will get the com
modities which it requires, partlc-
ularly steel and copper, at prices
below those obtaining in the open
markets. But the shares of the com
panies producing such things have
not been affected so far, though estl-
mates of the amount of government
reouirements are being constantly
revised upward. Currently the best
opinion seem to be that at least Az
per cent of the steel output OF the
country will be required for war pur-
noses. Should low prices be named
for that much tonnage, as seems
nrobable. estimates of the earnings
of the steel companies will have 10
undergo considerable revision. II
maximum prices for steel products
sbould be fixed for all consumers, as
was proposed in Washington during
the day. the effect upon earnings
would be still more pronounced, un-
less the authorities should be unex-
pectedly liberal. 1t is considered un-
likely, however, that profits Will be
cut down to anything like a normal
basis as long as the war lasts. If
the net earnings of the Steel Cor
poration in 1917 should be only half
as much as has been estimated, they
would still be three and one-halt
times as large as in the last full year
Of peace. The trader on the long
side finds much comfort in such re-
Elections as that.
New-York tribune., 1917-06-23
New York
Stock Exchange Firm Reorganizes

Stock Exchange FIRM KeorBanILes'-
The New York Stock Exchange firm OF
Thompson. Shonnard g. Co. has been
dissolved and new partnership
formed under the name of Shonnard,
Mills & Co. The members of the new
firm are Horatio s. Shonnard, member or
the New York Cotton Exchange; j. h.
G. Mills. member of the Stock Ex-
change. and F. c. Thompson. j. b.
Thomson has retired.
New-York tribune., 1917-06-23

in financial circles. The heavy Liberty
Loan payments and the record interest
and dividend disbursements are eX-
pected to impose an abnormal pressure
on banking funds. Whether the banks
will be able TO take care Of the un-
usually large demand on their re-
sources without forcing money rates
above current levels remains a ques-
tion. The gold being brought IN from
Canada will go a long way toward cas-
ing the situation.
Local banks have continued their re
discount operations at the Federal Re
serve Bank of New York this week al
though not on the heavy scale OF las
week.
Ruling rates on money yesterday
compared with a year ago, were as fol-
lows:
New-York tribune., 1917-06-23

Price initiation is exercising more
important influence on business every
day. Sixty four Of the commodities
included in a representative list OF
Wholesale prices advanced this week.
many reaching new high levels; nor
is there anything in sight to indicate
that the top has been reached. Dis
cussing the situation, "Dun's Re-
view" says:
Notwithstanding the rapid and
practically unchecked rise for many
months. noteworthy advances IN raw
materials and partially manufactured
and finished products continue, ana
that even more striking Levels may
conceivably be reached Is everywhere
considered That such facts appear
IS not surprising, however. for gov
ernment and other demands upon the
country's leading Industries are IN
creasingly importunate ana the grow
ing shortage of supphes' win |ne
steadily enhanced costs OF produc-
ton. have naturally accentuated the
strength of commodities. Reaction
has not illogically occurred IN some
quarters from time to time, but IL
hos centred mainly in speculative
channels and more IS heard each
week of the reluctance OF manuiact-
urers TO sell, either because their
plants are taxed 20 the utmost ca
pacity and night work Is necessary
or through the belief that the mar
kets must inevitably 90 still higher.
The labor scarcity, which is likely
70 become intensified as men are
withdrawn from productive enter
prise. and the strikes at scattered
points. impose restraint upon indus
trial activities, while deliveries are
DELAYED By the continued drawbacks
in transportation and better than
regular list quotations are frequently
offered IN cases where rush snip
ments are required. Yet there is
accumulating evidence that the cX
treme prices ere curtailing purchases
By consumers, both OF essentials and
Injuries. and though the recent de-
velopment Of seasonable tempera-
tures over a wide area has proved
distinct stimulus to retail branches,
general distributive trade is clearly
in lesscncd volume. The practice OF
economy and rctrenchmen. is spread
irC, but consumption remains notably
large under the conditions, and the
Improvement in wheat crop prospects
has strengthened confidence IN the
business outlook. The cotton situa-
tion. on the other hand. leaves much
% he desired. as reports 20 this
Journal testify.
New-York tribune., 1917-06-23
Dividends

Baltimore & Ohio Railroad. - Regular
semi-annual dividends OF 2i. per cent on the
common and > per cen. on the preferred
stock. payable TO stock Of record July n.
Mortgage Bond Company.-R Regular quar-
terly dividend of ! q per cent, payable June
30 to stock OF record June %.
Columbia Trust Company Regular quar-
terly dividend OF 30 per cent. payable June
30 to stock OF record June %.
Chicago, Ind. 6 Louisville Regular semi
annual dividends OF ia, per cent on the COM
mon stock and 81, per cent on the preferred.
both payable June % 10 stock Of record
June Il.
Argonaut Consolidated Mining Company
Extra dividend OF 2l2 cents a share in sddi-
ton TO regular quarterly dividend OF cents
a share. payable July is TO stock Of record
June &c.
Tonopah Mining Company Regular quar-
terly dividend OF rs per cent. payable July
81 TO stock Of record June 30
Great Lakes Steamship Company. Regu-
lar quarterly dividend Of ? per cent and an
extra dividend Of per cent.
Osccola Consolidated Mining Company
Quarterly dividend Of So a share. payable
July 81 TO stock OF record June 30
ST. Msry's Mineral Land Company. -Divi-
dcnd of 81 a share. payable June -.
Champion Copper Company Of
$40 share.
Battery Park National Rank. Dividend Of
3 per cent and an extra dividend Of per
New-York tribune., 1917-06-23
News Digest
Foreign

Securities in London Firmer. Lon
don. June p. The stock market de-
veloped a firmer undertone to-day. with
more activity in gilt-edged securities,
while Brazilian issues were strong on
the improved exchange situation. Rus
SLAMS were decidedly better on a more
optimistic view of the outlook and Mex
lean National rails were hrmer. Iron,
steel and oil stocks were firm, but rub
bers and shippings were dull. Ameri-
can securities. after adjustment to par
itV. closed dull.
New-York tribune., 1917-06-23

The foregoing message presumably be-
came confused in transmission. and the word
board" should read bank" The New
York Federal Reserve Bank probably has
been designated 20 act for the National Bank
of Argentina in the same capacity as il now
represents the Bank Of England in the
United States.
New-York tribune., 1917-06-23
Elections

George c. Van Tuyl. jr.. president of
the Metropolitan Trust Company, has
been elected TO the board OF directors
of the Leslie-Judge Company
New-York tribune., 1917-06-23
Argentine Bank To Be
Represented in the u. S.

Buenos Ayres. Argentine Republic,
June 22-The National Bank of Argen-
tina has designated the Federal Re
serve Board as its representative in the
United States.
New-York tribune., 1917-06-23
Relevant Facts

General Gas & Electric.-This
company, operating plants in Ohio,
New York. Pennsylvania, New Jer-
sey and Vermont, has sent a notice
to holders of its 7 per cent cumula-
tive preferred stockholders a week in
advance of the regular dividend meet
ing that because of the extraordinary
car shortage the company will have 20
pass the dividend. This dividend has
been paid regularly during the last
five years.
The company has its own coal mine
and if sufficient cars could be obtained,
and deliveries assured within moGcr-
ately reasonable time, it is stated that
the dividend could be paid. Tn Of
ficials of the company are convinced
that drastic government action IS
necessary to relieve the situation.
Larger Coal Company Dividends
The Lehigh Valley Coal Sales Com
pany has declared quarterly dividend
Of per cent. payable July 9. THIS
places the stock on Is per cent divi-
dend basis, compared with the previous
rate of 10 per cent year. The Mary
land Coal Company, Of West Virginia,
declared an extra dividend of per
cent, payable September !.
American Real Estate Company
The reorganization committee yes
terday notified owners of bonds and
claims deposited with it that the total
sum subscribed under the proposed
plan of readiuStment. dated January
%. 1917. amounting to s6Sl 1926, is in
sufficient to carry the plan into effect.
The committee therefore has aban-
doned the plan.
The liquidation of assets must now
proceed through the receivers. The
committee will continue, however, TO
represent all depositing creditors in
connection with the reccivership suit
and the receiving and distribution Of
dividends as paid out of the estate by
the receivers.
The committee states its opinion
that a vigorous policy of liquidation
must be pursued and it will make il
general policy 10 consent, subject
to court orders, TO all sales recon-
mended by the receivers.
Chicago & Eastern Illinois Chicago,
June 22.-All obstacles in the way of
reorganization of the Chicago & East
ern Illinois Railroad. now in receiver
ship, appears to be removed by a de-
cision of the Federal Court.
Federal Judge Carpenter upheld the
contention of the Central Trust Com
pany that the bonds of the Chicago
& Indiana Coal Railway Company were
lien only upon the coal railroad and
disagreed with the claim of the Metro
politGn Trust Company, Of New York,
representing the coal road bondholders,
that their bonds were a lien over the
property of the Chicago G. Eastern
Illinois and its after-acquired property.
New-York tribune., 1917-06-23

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., 1917-06-23

Paris Bourse Paris. June 22.-
Prices were heavy on the Bourse to-
dav. Three per cent rentes. 60 francs
for cash. Exchange on London. q
francs Is centimes. Five per cent loan,
IS francs 20 centimes.
New-York tribune., 1917-06-23

Gold Currents.-The largest arrival
of gold in any one day since the cur
rent movement began reached here yes
terday. when s24 $4,000 was broughl IN
from Canada and deposited at the f., eo-
eral Reserve Bank of New lorK' DlS
brought the total for this week up 10
S72.931 900, and since the hrst OF Vhe
wear to S454, 900. Since January J.
1915. imports from all sources nave
aggregated S1,605, 900.
When gold shipments from Canada
were resumed on Monday OF TINS week
il was stated on high authority thaV
oonroximately $lO0.c00,000 would be
bronqbt in at this time. 1t was learned
Yesterday that arrangements had been
rodo tentatively 20 ship more of the
metal and that the total on the cur
rent movement might reach SloV'-
100000.
Rank CIearings.-With the special
financial operations a factor. and the
rapid rise in commodity prices contln-
uing. bank clearings at Leading centres
this week closely approached the year
HIGHEST record, the total. as reported TO
"Drn's Review" being S5,946, ,3SS.11l J.
acoinst the unequalled figures OF 50,
95G. .Gq3 .297 in the week ending February
8 Not at this period in any other year
have the present exchanges been
matched. and there appears an increase
Of 400 per cent, in comparison with the
earoe week of 1916. and of 1929 pei
cent. cent as eontrasted with 1915. TIL,
aggregate at New York is the second
LARGEST Of the current year, and IS al
and lTr 1898 per cent, respectively, greater !
than at this time in 1916 and l9l9
while the gains outside the metropolis
arc 39.2 and SO per cent.
! London Money Market.-London, June
22,-Money is still tight, and discount
rates closed frmer. Money quoted at
| to 4ls per cert; discount rates, short
/ and three months bills. Az per cent;
/ gold premiums at Lisbon, 80.
New-York tribune., 1917-06-23

Sub Treasury.-New York banks
lost to Sub-Treasury S3l, 900.
S;lver-Bars in London. 397s pence;
New York. 1914 cents; Mexican dollars,
6l5s cents.
New-York tribune., 1917-06-23
Commercial Paper.

Commercial Paper.-This market was
strong yesterday, and moderate vol
ume Of business was transacted on
~ per cent basis for the best regular
Official rates of discount of each. OF
the twelve Federal districts are as fol-
lows:
New-York tribune., 1917-06-23
Important Changes in the
Federal Reserve Act

TIME Federal Reserve Act has been changed
i materially by the amendments that, by the
Presidents signature, became part of the law
une u, 1917.
These new amendments designed to
increase the power and to broaden the scope of
the Federal Reserve Act. They affect, among
other things, bank and trade acceptances, the
issue of Federal Reserve notes, the reserves of
member banks, and the admission Of state banks
and trust companies to the Federal Reserve
System.
A booklet containing digest of the law
amended, together with synopsis and the full
text of the recent amendments, has just been IS
sued BY this company and may be had on request
Guaranty Trust Company Of New York
40 Broadway
FIFTH AVE OFFICE LONDON
& 4rdsr 3.ionhsd
Capital and Surplus $40,000,00O
New-York tribune., 1917-06-23

General Motors Corpossaos =, ,hs 4
quarterly dividends OF J per cen, sen,,.r,sd .r n
mon and Il. per cent on the prs.srd Jurl
PAYABLE August / to holders oil '''''N
New-York tribune., 1917-06-23

Fidelity Trust Company 90,
d.nd OF . per cent. payable july
New-York tribune., 1917-06-23
Significant Relations
Money and Prices:
Stock of money gold in the country. q.

Money and Prices
gold in the s30887272 s233Gel834
Nearest srcio
,,. .. Al, national banks ss,75toooooo s7eoe oOoooo
To e, national
barkva deposit with
banls ''o<ooooOoo lIooOooOCo
Ratio of his 10
dcpostH o
n.,o,,t Of Fedora, Reserve banks ss67s4sooo ss5s75Soo
The liability for notes, net. 43o24ooo 100000
Theirs gold against deposits
nd
Y~tera
price OF railroad stocks 1902
Average Of
Food Of (Annali index before A,v,,
number S(9s+4 e|oooS 165830
Producton Juncl M.yl .,.,,
L. 11Se65S 1263063
1923 ff165
Active cotton spudes 90 .ss,so ss25ss5e saaos s1a
Wheacro bushels. 1020OOOO0
Corn busheI 25o324000 1000
bales linters).... 1155oS+4 1068173
Distribution
Ne shortage of freight cars. 105l27
Net surplus of freight
f,Sf'wr.s d'"ess from ,e,-
c .,,,,,,. cssiiss! 1875. q,ias% isS -
ss1s sss S:e. " The s Tsss before 5 f:sr Yea tSs..
Bank cearings T2tooo +272'
Commercial failures 12so Loos 1882
New-York tribune., 1917-06-23

International Mercantile n W." "a.
annual dividend OF per een' q" =
ferred. payable August ! 10 ''''S v
July l6.
New-York tribune., 1917-06-23

Bank Clearings.-Th days clearings
It New York and other cities:
New-York tribune., 1917-06-23

cent. both payable July to stock OF y
June Fl.
New-York tribune., 1917-06-23

Baltimore & Ohio Railroad Regular
semi-annual dividends OF 2i. per cent on the
common and per cent on the preferred
stock. payable 10 stock Of record July p.
New-York tribune., 1917-06-23

Mortgage Bond Company Regular quar-
,erly dividend of -. per cent. payable June
30 TO stock OF record June y.
New-York tribune., 1917-06-23

Over Over Over
10 or 10 up 80 up 60 up
nn- L. On "a 81 70 90
New-York tribune., 1917-06-23

Columbia Trust Company.-Rc Regular quar-
terly dividend OF 3i2 per cent. payable June
30 to stock OF record June 20.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-11-11

NOTES FROM CAMP
TAYLOR
IltCInltIon1I News service ;

LtCrnational News Service:
CAMP TAYLOR, Louisville. KY.
Nov. 1O.-"Airing day in the camp
here brings many picturesque sights
and gives the great army home the
appearance o. a GYPSY camp.
On a bright sunshiny day all Of
the bedding is taken out. The
blankets and mattresses are spread
out on every hillside. Cleanliness
is one OF the first rules OF Camp
Taylor.
The camp is losing much Of the
"newness" in its appearance. The
drafted soldiers have been here long
enough 90 march and act like train
ed men. although many heads were
turned as the third battalion Of the
10th United States infantry march
ed in from Fort Harrison. II is re-
ported that the regulars will iii out
battalions Of draft soldiers.
The battalion Of Negro troops
which Will go 20 France shortly aft
or they arrive in camp. for work
behind the lines, will be named the
5O7th service battalion. A skeleton
organization is now being formed.
An epidemic OF measles. chiefly
among Kentucky soldiers, has caus-
ed thS 336th infantry 20 be quar-
antined one case developed into
pneumonia and the Kentucky boy
who was affected died. other cases
are well i'm hand.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-11-11
MICHIGAN'S SEED CORN
SURVEY SHOWS ENOUGH
FOR ONE COUNTY ONLY
News-Times Special Service

news INES NflffiHl service
EAST LANSING, Mich. Nov. 10.
The special corps Of the states
leading corn growers and county
agricultural agents which for the
past two months has been conduct
ing a seed corn survey OF the state
for the Michigan Agricultural col
lege. has reported that its search
thus far has located but 1850
bushels-or barely enough 10 plant
single county. The state, TO plant
even as great an acreage as waN
grown this year must have at least
40. 500 bushels by next spring.
In their seed corn hunt the
scouts" visited every corn-growing
county in the state and got into d.
rect touch with the farmers them
selves. Such as possessed corn suit
able for seed were listed. The corn
so held totaled just 1856 bushels,
the quantity reported.
There is no doubt many farms
were missed and that there is con-
siderable quantity Of seed corn in
the state that has not been report
ed" said Prof ]. T. Cox, under
whose direction the survey was con-
Quoted. but even if the most liberal
kind of an allowance is made for
these. the shortage is still great If
there is 20 times as much corn as
has been found we still lack 10000
bushels.
cit is certain there is not nearly
enough corn being properly handled
TO insure a supply TO plant next
springs crop. It is highly import
ant that all corn mature enough to
grow be properly stored for seed
purposes. Corn in the dent will
make good seed if it is cured where
it will dry quickly and thoroughly
before IL is frozen"
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-11-11
SHOPLIFTERS GET 90
DAYS AND 500 FINE
News-Times Special Service

News shines Special Service:
LAPORTE, Ind, Nov. 10.-UpOn
their pleas OF guilty, Judge James
+. Ganaher, in the LapOrte circuit
court, sentenced Mrs. A. G. Miller
and Mrs. Ralph Heick OF South
Bend each to 90 days in the county
Jail and to pay fines OF 800 and
S25. respectively. The women were
arrested two weeks ago after they
had stolen more than $500 worth
Of goods from the counters.of eight
IaDOrte merchants during The rush
shopping hours. The women wept
Historically when they were sem
fenced. The losses of the merchants
were made good and they consented
70 the light sentences.
Lloyd Travener OF South Bend.
charged with automobile stealing in
Laporte. pleaded guilty and was sem
fenced by Judge Gallaher to Jeffer-
SOnville for an indetermiuate term
OF from six months 10 FIVE years.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-11-11
LODGE PROTEST.

COPENHAGEN, Nov. 10.-The
English. French, Italian and Rus
sian ministers here have lodged a
protest with the foreign secretary
against certain statements in an ar
ticle which appeared a few days ago
in the government newspaper Poll
tiken The article, it was alleged,
insinuated that one of the military
attaches at Copenhagen was in
volved in espionage work in Ger
many on behalf of the entente. Ac-
cording to the conservative news
paper Holding Avis. "the ministers
informed the foreign secretary that
If a similar thing happened again.
the Politiken would not be allowed
to enter any entente country. and its
country, and its foreign correspond
ents would be expelled"
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-11-11
SEED CORN VITAL IN
PLANS FOR NEXT YEAR

international News Service;
INDIANAPOLIS. Nov. 10. - The
selection OF seed corn has become a
vital problem in the plans for in
creasing the Indiana corn crops
next season.
During the summer experts from
Purdue university travelled over the
state. selecting fields Of good corn
TO be used for seed. The early
frost ruined much Of this corn.
George c. Bryant, government crop
observer. estimates that not more
than 20 percent OF the entire crop
Is NJ for seed corn. Out OF this 90
900 900 bushels must be selected
. GOO .OOe bushels for next year.
The state food production and
conservation committee urges farm
ers to use the greatest care in Sc
Iecting seed corn.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-11-11
WAGE INCREASE GIVEN
IN MINERS CONTRACTS

TERRE HAUTE. Ind. Nov. 10
Wage increases provided by the
national fuel administration were
written into the contract between
the miners of district number II,
United Mine Workers OF America
and the Indiana Bituminous Opera
tors association. All workers share
in the advance which provides pen
alties in event Of failure 70 keep IN
production OF fuel.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-11-11
SUPPRESS PLEASURE RIDING

LONDON, Nov. 10.-The complete
suppression of pleasure riding by
automobile. and the restriction of
gasoline consumption to strictly
necessar-- Nov. 1, il will be Illegal
for any automobile owner 10 drive
his car merely for his private con-
venience.
If a policeman sees an automobile
standing outside a hotel or theater,
il will be his duty TO find the owner
and investigate the use which he is
making OF his car. If the car is be-
ing used for any purposes other than
those provided in the new regula-
items, the owner will be prosecuted
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-11-11
DEBT HEAVY.

ATHENS. Nov. 10.-Nearly all Of
Turkeys annual revenue is now TAX
en- up by the payment OF interest on
her national debt. according TO the
report of the Turkish minister Of
finance in the course of the debate
in the Turkish parliament on the
budget for 1917. The total debt
was given as 2sIOOO,OOO francs on
which the interest charges arr 49,
600 900 francs. The total revenue for
next year IS estimated at only 1s,-
100000 francs.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-11-11
FIRE THREATENS TO WIPE
OUT THE WHOLE TOWN

NEW ROCHELLE, y. Y, Nov. 10.
Fire in the business section early
today destroyed several buildings
and created a damage estimated at
more than 100000. The blaze for
time threatened the entire town.
Scantily clad guests at the Central
hotel were forced 10 abandon their
effects in their hasty flights TO safe
ty. Flying embers set fire TO a
number of residences wherein many
tenants had narrow escapes.
The Mount Vernon fire depart
ment Joined in the battle against the
flames and after four hours the fire
was brought under control.