davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16
New York
Public Utility Mergers.

Public Utility Mergers Announce
ment was made yesterday by Bonbright
q Co., Inc, and W. 5. Barstow e. Co.
Inc, of important mergers OF public
utility companies in Pennsylvania. con-
trolled by the Eastern Power and Light
Corporation.
BY merger Of the Metropolitan Elec-
trio Company, of Reading, Penn, the
Edison Electric Illuminating Company,
of Lebanon, Penn, and the Lebanon
Valley Electric Light Company, a new
company, known as the Metropolitan
Edison Company, was formed. The
Metropolitan Edison Company also ac-
quired the entire outstanding common
stock of the Pennsylvania Utilities
Company, which does practically all
the gas and electric light and power
business in Easton. Nazareth and
Stroudsburg, Penn, and Phillipsburg,
y. j. The Guaranty Trust Company, of
New York. and Messrs. Reilly, Brock
e. Co.. of Philadelphia, have purchased
$780, 900 first and refunding per
cent fve-year bonds of Metropolitan
Edison Company and Messrs. Reilly,
Brock & Co. have purchased $3.50, 900
one-ycar per cent notes Of Metropol-
itan Edison Company
The Reading Transit and Light Com
pany, the United Traction Company
and the Front & Fifth Streets Railway
Company, all of Reading, Penn, and the
Boyertown & Pottstown Railway Com
pauy. the Birdsboro Street Railway
Company and the Reading & Womels-
dorf Railway Company, all OF which
are connecting lines Of the Reading
Street Railway system. were merged
in a new company, to be known as the
Reading Transit and Light Company.
Bonbright & Co. Inc, have purchased
S2.300.000 two-year 6 per cent notes OF
the Reading Transit and Light Com
pany.
Libcray Loan acknowledgements
atiyes of 1900 foreign language or
are expected TO be present
this afternoon at conference in the
Broadway Central Hotel TO discuss
plans for assisting in the second Lib
erty Loan campaign.
This meeting Will be the first OF it's
kind 70 be held in this city since the
outbreak OF the war The speakers
will include Hans Rieg. chief Of the
foreign language division OF the
United States Treasury Department;
Strong governor Of the Fed
era, Reserve Bank of New York: Guy
Emerson, director of publicity for the
Liberty Loan Committee, and Joseph
Hartigan, assistant director.
The meeting was called at the sug-
ges,ion Of Oscar A. Price, general d.
rector OF publicity, with headquarters
at Washington.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16

lateral, over to those whom thcv
owe. The latter will go to Reserve
Bank through their local bank and
get such money as they will need.
we feel that the government has
done enough for the cotton farmers
by placing plenty of money at their
disposal to enable them to hold it off
the market and market it as the de-
mand calls for it at profitable
price. The next move is that of the
farmer, using the means at his dis
poSal and using business judgment
IN pricing and marketing. This
places the cotton, wheat or corn
grower, those producing non-per 4
able products, on the same basis as
the manufacturer, who has his
warehouses and money valuable to
prevent forced or sacrificed sale of
his products. There is considerable
difference in depending upon an
other and in doing what is needed
ourselves"
If the plan succeeds the country
at large ought to benefit from the
increased thrift and financial indie
pendence of the Southern cotton
grower. The development of the
Texas programme will therefore be
watched with interest.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16
Other Cities

Drygoods Shipments Heavy.-CHI-
CAGO. Sept. l5.-Marshall Field & Co..
in their weekly review Of the drygoods
trade. say:
Current wholesale shipments of dry
goods are running ahead of the cor
responding period Of 1916. The vol
ume Of road sales for both immediate
and future delivery is considerably
larger than in the same period last
wear. Customers have been in the mar
ket in about equal numbers"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16
Steel Prices Sag
In Absence of
Export Buying
Government Makes Pur-
chases of She'll Bars and
Ship Plates

The virtual cutting Off Of tho steel
export market and the light buying OF
all products by domestic consumers for
many weeks is reflected in a further
settling of prices for semi-fnished steel
in the Central West, where open hearth
billets are selling in small lots at sos
and open hearth ingots at $50, deliv-
cred. There is also evidence of an
easier tone in steel bars, tank plates
and sheets. 1t is notable. however, that
the decline in prices is due TO resale
offerings rather than TO any anxiety
by the mill operators to take orders.
Agricultural implement makers are
showing more interest in bars for de-
livery in the first half OF next year
Producers generally are reluctant TO
name prices, but one Eastern maker 10
reported to have accepted some bust
ness and one large producer has taken
care of regular customers require
ments at 3h cents for shipment over
the last quarter Of this year, while
other producers are still asking to
Az cents pound
Shell Steel Purchases Heavy
Government buying continues to be
the handspring of activity throughout
the industry, and the prospect is that
heavy purchases of shell steel will be
made by the United States and the Al
lied governments in the near future.
Nearly all of the output of large sizes
l., - - l.
vana is already being taken for mu-
nitions. The Navy Department has or
dered 1000 tons Of black sheets and
1000 tons Of steel rivets. The Army
Department is buying 5000 kegs Of
railroad spikes and 100000 tie plates
for the American railway in France.
Orders fer 100000 bolts and for a
large tonnage of shafting also are
about to be distributed by the govern
ment.
To Build Ships for Italy
Eastern Pennsylvania mills have re-
ceived additional heavy specifications
for ship plates from the Emergency
Fleet Corporation. japanese shipping
interests have flally secured licenses
for the export of structural steel shapes,
but ship plates for the Orient are be-
ing stored in the hope of eventual ship
ment. The American international
Corporation is in the market for 2l,-
600 tons of steel bars, plates and
shapes for eight ships to be built for
Italy.
In structural lines the main feature
of interest IS the placing of contract
for 1900 tons of fabricated steel
shapes for buildings to be used for
storage by the American army in
France, and bids are being taken on &c.
600 tons Of shapes for thirtytwo more
steel buildings for the same purpose.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16
R Wealth Mark and s

such business as "busincss az usual"
under var conditions, and we must ad-
Just our minds TO inevitable sacrifices
and new savings in order TO meet the
changed conditions. Unnecessary ex-
penditure or waste in any form under
such conditions Is both unpatriotc and
unceonomic, and must be eliminated IL
we are 70 exercise our best efforts 70
shorten the war, and its terrible de-
struction Of life and property be thus
brought to the specdest possible close.
The burden Of war cannot be light
one and must be shared by nllr
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16
News Digest
Foreign

Submits Scheme for Dealings in Cot
ton Futures. LONDON, Sept. 15.-The
Control Board has placed before the
British Board of Trade for approval
scheme for the rcopening Of the cotton
futures market, according to the cor
respondent at Manchester of THE Lon
don Times" If the suggestion is
adopted dealings in futures will begin
October !. without drastic limitations in
all the months from January TO August.
The basis will be good middling instead
Of middling and no tenders will be al
lowed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16
Prairie Oil Pays
81 Extra Dividend

INDEPENDENCE, Kan, Sept. 10
The Prairie Oil and Gas Company to-
day declared quarterly dividend of
SO a share and an extra dividend OF 81
share, payable October 81.
The Prairie Pipe Line Company, an
auxiliary company, declared quar-
terly dividend of IS share and an
extra dividend Of IS a share, payable
October 81.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16
Relevant Facts

Chandler Motor. F. c. Chandler
president, in an interview yesterday
was quoted as saying that his company
was never in a sounder financial condi-
ton and has no intention of issuing
new stock or new securities of any KIND.
He stated that the company was en-
tirely out of debt. has large balance
and is doing good business. Earnings
I'D to September /, he said, were equal
| to s2S share. There is no reason
why the present rate of dividend can
not be continued" he concluded.
Electric Storage Battery. - Herbert
Lloyd. president, announced yesterday
that the company had sold to Brown
BROTHERS e. Co. and Cassatt, Of PhlIa-
delphia. s2.OO0,OOO per cent notes,
dated October /. maturing sl.OOOOOO
on October I. 1913, and Sl,OOOOOO on
October I. 1919. The proceeds from
the sale of the notes will be used 70
nav off all existing indebtedness and TO
provide capital for carrying out govern
ment contracts during 1918. The banK-
ers are Offering the notes at ~ 2 ana
interest. Robert X. Cassatt has oeeh
elected n director of the company 70
succeed william d. Winsor.
Federal Mining and Smelling. The
company reports for the quarter ended
Julv 81 net earnings of SS36,o2l. COM
pared with 1892 .29l for tho correspond
ing period a year ago and S49s,946 ior
the three months ended April 30. Nct
profit for the July quarter was s'o3'2i'
an increase of $4S4,990 over a year ago
International & Great Northern. -
GENERATING revenues for the year ended
Juno 30 last amounted TO sll,sl9,628,
AGAINST s9,A20.291 in 1916. Operating
income totalled s3,254,324. an increase
of sl.594.916. The final surplus for the
wear was 1892 500. In the 1916 fiscal
year the company reported a deficit OF
S293,070.
Cranky Mining, Smelling and Power.
Production Of copper for the month
Of August AMOUNTED 70 3,s36,770 pounds,
compared with 2,147ss6 in July, $780,
929 in June and 3,2lS,847 in August,
1914
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16
National Bank Call

WASHINGTON, Sept. l5.-The Con-
troller Of the Currency to-day issued
call for the condition of all national
banks of the United States at the close
Of business Tuesday, September IL.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16

Efforts toward stabilizing the
price Of cotton appear to be making
progress. The Southern cotton
farmer is beginning to realize the
Importance Of such action. The
point made is that If the farmers
throughout the entire cotton-grow-
ing regions viii recognize their op-
portunity to market their cotton
slowly and not, as i'm former years,
rush 1t upon the market, they will
re able to maintain q good, profit
able price for the staple. And the
cotton grower, who, in other years
When depression overlook the cot
Ton trade, usually had to call upon
me government TO help him out, is
now more inclined and better pre-
pared to help himself. From Texas
.ne representative Of a large organ
iEatlon Of farmers sends word that
II Is no longer the policy of the
committee Of the farmers to depend
upon the national government for
any aid in stabilizing the price Of
cotton. Texas has a commission
which is now at work appealing to
me farmers Of the state to hold their
cotton for the minimum price.
iexas now has a supply Of ware
houses, and those farmers who are
N debt will be requested to place
lheir bales Of cotton in the ware
houses and turn the receipts, as col
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16
Nations Financing
Must Come First,
Says c. H. Sabir,
Government Board to Pass
on Priority of Security
Offerings Suggested

Charles II. Sabin, president of the
Guaranty Trust Company. in a state
ment issued yesterday, suggests the
advisability Of the formation of Fed
eral commission TO pass upon the
priority Of public security offerings in
order that the government may have
the right of way in financing the war.
There is one phase Of government
financing 20 meet the needs of war"
said Mr.. Sabin, (which must not
be ignored if it is to be attended with
the largest possible measure of sue.
cess, and that is the elimination of
competition for the government issues
as they are offered. TO meet the press
ing demands of the war the government
should have the right OF way of its de-
mands Tor labor, capital and materials;
and everything possible which means
competition with these demands should
be eliminated or at least postponed.
Country's Business Is War
"The country's business to-day is
war, and every proposition should be
measured by the standards of its ne
cessities. Only as it's successful prose
cution is furthered can any venture be
justified. Both public and private needs
and undertakings which are not abso-
lutely essential should be held in abey-
ance, and no new financing encouraged
which does not meet an absolute and
Immediate need.
municipalities, corporations and in
dividuals should all be guided by this
major consideration and should subject
every proposition 10 the close analysis
of war requirements.
at may even he necessary a form a
government board to pass on the pri-
GRITTY Of public financial offerings, the
same as in the fields of transportation
and production. In order to perform
our successful part in the war, there
must be continuous new financing in
transportation and industrial fields 20
enable these important military aids to
render The service demanded by them
The investment market should be kept
open 10 their requirements as far as
possible.
New Savings Are Needed
at is increasingly manifest that new
government financing must be met out
Of new savings, and not out of the liuui-
Gation of existing securities or through
withdrawal of bank deposits. which
would Of necessity cripple the business
and industrial world There can be no
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16
Current
The above rates express the COS. OF

The above rates express the cost OF
foreign money IN terms OF the Amen.
can dollar. You buy an English pound
sterling at, say, S475Aa The intrinsic
MARTY i S4S6s per pound Thus, you
saw either that pounds are at q discount
or that dollars are at premium. which
is owing 10 the fact that In England
,be demand for dollars with which TO
settle accounts in this country is great
or than the demand in this country
for pounds with which to settle ae-
counts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16
Saturday, September IS, 1917

NNffITliNNs ANI Pc Nl'tNNf 10y AFA
Fundamental conditions in the
s,sncial markets have not greatly
.nonced during the last week and
.ts same influence, principally those
or;sipg out of the governments war
srance and taxation programme,
nave continued to dominate the sit
cation. Securities have been unset
,lod with further liquidation in both
,,o,ks and bonds. In the money
r,rket rates for day to day funds
lave been firmly maintained at >
nsr cent. while loans for fixed pc
rio5s were quoted at 5 to 6 per cent.
I,6;cations are that money will con-
,irue firm for many weeks to come
~ st least until after the strain Of
The Liberty Loan hotation and crop
moving has passed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16
Cost Of one dollar

Closing rates yesterday, compared
with week ago, are given n the table
below. American bankers have sus-
pended all dealings in German and
Austrian exchange, so that daily quota
tons for either marks oc kronen are
no longer available.
Ignotpd dollars TO the pound)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16

London Money Market.-LONDON,
Sept. l5.-Bar silver, BID per ounce.
Money, 3%, per cent. Discount rates
Short bills, 4a per cent; three-months'
bills, 4 1916 per cent. Gold premium
at Lisbon. 5000
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16
Week

Below il 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:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16

The majority Of standard rail-
road shares are now selling i'm the
r,rket around the low levels cstab-
vsbe5 in the war panic of 1914, when
Wall Street, in the few days prior
=, the closing OF the exchange, was
literally de'uged by the offerings
that came from ell parts Of the
world. Since then the railroads
have made q great deal of history.
They have passed through a period
Of rising prosperity in which record
cross and net earnings were estab-
Fsbed. In recent months increased
operatirc charges due TO the high
labor and material costs have made
large irroais upon gross revenues.
Moreover. the transportation ma
chine has been operating at top
speed so long now that equipment
has detericrated and the rising cost
Of capital has made it extremely
EXPENSIVE 10 borrow money with
which to buy new rolling stock.
These are the principal factors in
the railroad situation at the moment
and explain in q measure why rail
road shares have been liluida.ed by
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16
Money and Credit

Clearing House Statement. L ae
Clearing House banks lost $ll'fl'iy-V
i'm the surplus reserve account IaS'
week, the total excess. over IegaL
serye reuircments falling to >'o,oS4',,
4I6. Loans and discounts were reduced
S25,7g7.OOO. United States government
deposits were reported at Sl55'2oV'VVV'
The weekly statement was as loi-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16

Bank Clcarings.--The days clearings
Mt Now York ard other cities:
Exchanges. Balances.
New York. $685., ,222 S34.460. 77e
Philadelphia -. 7,950592 1,284,070
Silver.-Bars in London, sid, un-
changed; New York, $l.00i2, un-
changed; Mexican dollars, soc, un-
changed.
Sub Treasury. New York banks
gained from the Sub-Treasury ST.,
J23,O00.
Acceptance Rates.-Current bid prices
for prime acceptances are as follows:
Spot delivery: 80 days 60 days 80 days
Eligible member
banks ana. 3as% 3as'o 39s%
Eligible nom
member banks ass'o ass9o sss%
Ineligible bank
bills .."..,. 4Iapo 424Po 4a4%
For delivery within 80 days:
Eligible member banks. 33aoo
Eligible non-member banks.... a %
Ineligible bank bills......... 8 %
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16
Federal Reserve Banks

WASHINGTON Sept gold Of Federal Reserve pam
rcread apprmaey 100000 the last week Inc
~ tho close Of business eptember compared with the previous
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16
New Savings Are Needed

at il increasingly manifest that new
government financing must be met out
Of new savings, and not out of the liqui-
Gation Of existing securities or through
withdrawal of bank deposits, which
would Of necessity cripple the business
and industrial world, There can be no
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16

Bank Clcarings.--The days clearings
Mt Now York ard other cities:
Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1917-12-28
WINTER GRAIN SHOWS GAIN
Wisconsin Farmers Sow $4,000 Acres
of Wheat or An Increase of II
Per Cent Over Last Year.

Madison-The farmers of Wiscon-
sin have sown 10000 acres of winter
wheat. this fall, compared to 1000
planted a year ago, an increase of II
per cent But for unfavorable weather
at seeding time and the press of other
fall work, very much larger acreage
would have been planted. Many farm
ers who were unable to sow winter
wheat are making plans to put in
spring wheat
The condition of winter wheat in the
state Dec. was go per cent of normal
compared to SO per cent year ago
and ten-year average of SO. About
473,0OO acres of rye have been plant
ed in the state compared to 100000
lcres a year ago. or an increase of 6
per cent The condition of the crop
on Dec. / was 92 per cent of normal,
compared to 95 per cent year ago
and 95 the ten-year average.
The acreage planted to both winter
wheat and rye is steadily increasing in
Wisconsin. In 1909, when the, last
United States census was taken, the
acreage of rye in the state was re-
ported to be $4,000 acres and of win
ter wheat, $4,000 acres.
Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1917-12-28
CHANGE MADE IN
MARRIAGE LAWS
PERSONS DESIRING LICENSES
MUST POST NAMES BEFORE
PERMITS ARE ISSUED.
REQUIRE FIVE DAYS NOTICE
Any One Having Sufficient Reason
May File objection With the
Probate Court New Law
Goes Into Effect Jan. 1.

Madison-Under new regulations eff
fective JAM 1, radical changes have
been made in the cases of those re-
Quiring marriage licenses. This law.
sponsored by Senator Bray of Osh-
kosh, calls for the posting Of names
of persons desiring licenses for five
days prior to their issuance. The
names must be posted in conspicu-
Gus place in the clerks office.
Any one is at liberty to read the
names posted, and if the whim strikes
their fancy, petition the Probate court,
giving the grounds for the objections
If found valid, the court must issue
an order for the parties to show cause
why they should be given marriage
license. It must be refused if the OBJ
jections are found valid.
The county clerk is required to
keep docket of all information and
proceedings in each case.
Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1917-12-28
ACCiDENTSARE FALLING OFF
Commission Show Big Reduction
During Past Few Months.

Madison-A remarkable reduction in
the number Of accidents in Wisconsin
during the last few months is disclosed
in statistics made public by the indus
trial commission. George p. Ham
brecht, chairman Of the commission,
attributed this mainly to the drive for
safety which the commission has been
making.
About the middle of last Jxly the
commission reorganized it's safety de-
partment and placed S. j. Williams in
charge Since that time careful anal
Uses have been made of all accidents
and suggestions have been offered to
employers to prevent similar ones
Special efforts have been made to in
terest foremen and shop superintend-
ents. The deputies of the commission
have held conferences with foremen in
large plants, and number of address
es on safety have been made.
During each of the first seven
months of this year, when the COM.
mission had no safety organization to
speak of, accidents were materially
higher than in the corresponding
months in 1916.
Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1917-12-28
ASKS VOTE FOR SOLDIERS
Gov. Phillip Will Ask Legislature to
Grant Wisconsin Boys Abroad
Right to Cast Ballot.

Madison-Gov. Philip will ask the
legislature at the special session to
pass a law giving Wisconsin soldiers
abroad the right to vote.
The governor has sent for copies of
the New York and Canadian laws on
the subject. It will be necessary to
get the consent of the war department.
Secretary McAdoo has been asked
by Gov Philip to allow the Wiscon-
sin soldiers whose only income is
their pay and who bought Liberty
bonds to cancel their subscriptions.
During his recent visit to Waco the
governor found that when some of the
men had made the payments on their
bonds and other necessary expendi-
lures they had no money left.
Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1917-12-28
OBJECTS TO PAYING LICENSE
Attorney General Owen Rules That An
Auto Hearse Is Classed Same
AS Any Other Automobile.

Madison Auto hearses should be
classified as automobiles and be re-
CURED to pay license fee. This is
the opinion of Attorney General Wal
ter Owen to Secretary of State
Merlin Hull
G. B. Jackson of Rio protested
against being required to pay license
fee of SIS upon his auto hearse which
has Ford chassis The protest was
forwarded by the secretary of state
to the attorney general for instruction
on the statute.
ut is absolutely established in this
state that a horse-drawn hearse is a
wagon think, too, it must be conced-
ed that horseless carriage is an au-
tomobile and from that we conclude
that an auto-hearse is an automobile.
If the running gear of Mr.. Jackson's
hearse had the usual top or super
structure, no one would hesitate. to
call at an automobile. 1t is in fact an
automobile and limited to special use,
and he is not required to pay great
er license. fee than is the owner of a
roadster or touring car.