davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-04

Exceptions to the general trend OF
prices were the automobile shares,
which displayed pronounced weak
ness. Continued pressure against
Studebaker was a disturbing influ-
ence on the motor issues as group.
Studebaker itself, on dealings of
$4,000 shares, dropped from 66% to
Co.'s. the latter a new low record
for the movement, comparing with
high this year of 1101a and high in
1915 of 1875. Shares of the Saxon
Motor Company, which recently de-
ferred its dividend, lost 37s points,
Chandler Motor 2 points and Max
well Motor ~ points. The Street is
still mystifed over the persistent
selling of Studebaker. Interests con-
nected with the banking control of
the property have reiterated that the
selling has come from purely pro-
fessional" sources, but the movement
has been so pronounced as to cause a
great deal Of apprehension among
holders Of the stock. So far no Of
fetal word has come from the man.
agement of the Studebaker Corpora
ton regarding the present financial
status of the company. Looking at
the motor car business as a whole, 1t
is generally admitted that the IN
dustry, so far as the manufacture OF
pleasure vehicles is concerned, was
dealt hard blow by the entrance OF
the United States into the war.
Now the process of shifting this
huge industry to war basis is tax
ING place. Automobile manufactur-
crs generally hope that the war de-
mand for trucks and airplane motors
will take up the plant capacity made
idle by the falling off in the demand
for pleasure cars. The next six
months will prove whether this is
the correct view or not. In the
meantime the motor shares are
faring rather badly at the hands of
the professional traders, who find
them a convenient medium for specu-
lating on the short side Of the
market.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-04
Other Cities

Surety Bond Protects Kansas City
Reserve Bank. The Federal Reserve
Bank of Kansas City has made arrange
mcnts with surety company for pro-
lection against possible loss of the Sc
curities which are to be put up by the
banks in that district as collateral for
the money subscribed by them to the
Liberty Loan. A bond of s20,0O0.OOO,
covering each of eight 'custodians in
the sum of s2,500,000. has been spe-
cially prepared for the purpose. and
protects the bank not only against dis
honesty on the part of the custodans
but against practically all other eventu-
alities.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-04
Northwest Crop
Prospect Almost
Without a Flaw
Danger of Hot Winds" Is Past
and Black Rus" Visitation
Not Likely
Minneapolis, July 3.

Rarely has there been finer crop
prospect than is existent in the
Northwest as July comes in. 1t IS
doubtful indeed if there has ever
been a better July l condition. Corn
is in fine stand from Iowa and West
ern Wisconsin, through Northern Ne
braska and in South Dakota. Wheat
is firm in stand over Minnesota,
North Dakota and South Dakota.
Crops of oats, barley and potatoes
are on acreages larger by far than
last year. There is big flaxseed
acreage in Western North Dakota
and Eastern Montana, which is look
ing well.
The adverse factors are the cut
ting down by 20 to 80 per cent of
the rye crop by lack of sufficient
rainfall and cold nights earlier in
the season. Relative to the whole
crop of the Northwest this is
minor matter.
1t may be said that Southern Min
nesota, Northern Iowa, all of South
Dakota and the southern half of
North Dakota will stand to mid-July
without more rain. Northern North
Dakota-meaning the country above
the Northern Pacific main line
across that state, the Great North
ern main line, further up, and the
500 lines territory in Northwestern
North Dakota, the Soo's wheat line
from Kenmare to Thief River Falls
and all the little Great Northern
stubs that run from the Grand
Forks Minot main line up to the
Canadian border-is in territory
where more rain would be welcomed.
With reasonably cool weather this
country can 60 at least two weeks
yet, however, before there will be
any need of rain in degree TO
cause fears of material damage.
It would be too much to expect
uniformly perfect conditions over
the l,000-mile stretch of country
from east to west to which refer
ence has been made. 1t is common to
find too much moisture in the Red
River Valley, which is heavy, rich
soil territory, when conditions on the
Missouri slope are just right, and
contrariwise to find the Red River
Valley in good condition and the
western slope too dry. Never year
passes without such differences. But
conditions this year on the whole
show less variation than in former
years.
The big adverse factors in past
seasons have been hot winds in June
in South Dakota, a danger now
passed safely; rust in North Dakota
always a possibility, but extremely
unlikely to develop this year, because
there has been no excess rainfall and
no "muggy" days to cause it-and
always, of course, the possibility Of
\ wet harvest.
OF dangers to come, no man can
prophesy, but of the crop, as a
whole, on July 1, relative to its stand
and ability to maintain it, rarely in
deed has there been any season more
promising.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-04
News Digest
Foreign

War News Helps London Stocks
London. July 3.-The stock market re-
opened cheerfully to-day on the favor
able war developments since the last
session. Gilt edged securities all hard
ened, with Russian bonds firm features.
but Chinese were weak. and Argentine
rails and shipping shares were subject
ed to further realizing. The buying of
mines and industrials was good under
the lead of Russians, but American Sc
curities were marked lower in conse-
quence of the rate decisions effect on
Wall Street.
Paris Bourse.-Paris, July 3.-Trad-
ing was quiet on the Bourse to-day.
Three per cent rentes, 90 francs 20
confines for cash. Exchange on Lon
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-04

cents, compared with 2l.90 the day be-
fore. Swiss francs displayed pro-
nounced frmness. rising 20 a rate OF
4.7C to the dollar, compared with i.Sl
on Monday. This was a new high rec
ord for the war period. Exchange rates
on London, Paris and Rome were prac-
tically unchanged.
Closing rates yesterday, compared
with a week ago, are given in the table
below. American bankers have sus-
pended all 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, 1917-07-04
Elections

Frederick c. Schwedman yesterday
was elected a vice-president Of the Ma
tional City Bank. The following pro-
motions were announced: Franklin 5.
Rooms, Farris Campbell and Hilary W.
Lucke, appointed assistant cashiers,
and Edward +. Regain. Charles V. Shee-
han. Joseph r. Wilson. jr., and John C..
Emison, appointed assistant managers
Of the foreign department.
o. II. Wharton has been elected pres
ident Of the Crucible Steel Company.
He was formerly assistant 20 the pres
dent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-04
Argentina's Meat Plants

Recently published statistics relating
to the Province of Buenos Aires, Ar
gentina, show ten meat freezing estab-
lishments as operating in that province.
During 1916, according to the same
statistics, these ten establishments
slaughtered 1,925.281 head Of bovine
cattle, e,334,937 sheep and 1896 pigs.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-04

The above rates express the cost OF
foreign money in terms OF the Amer,
can dollar. You buy an English pound
sterling at, say, s4.75s. The intrinsic
parity is s4.s6&s per pound. Thus you
say either that pounds are at DIS
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, 1917-07-04


ANDREW J. MCCORMACK. Auct!ons''
REGULAR AUCTION SALE
STOCKS And BONDS,
BY ADRIAN II. MULLER & son
OFFICE 80. 50 WILLIAM ST
THURSDAY, JULY ;, 1911,
at 1880 o'clock. az the
EXCHANGE SALESRoOM
mos Ia AND Is VESEY STREET
For Account o. EIecrtor
30 shs Market 4 Fulton Natl Bank
For Accom-, o. Trustee
sls LAWYERS Title & Tru1t Go
$40 900 Union Pacific r. r. Is, Mtge n
g. ,. e. Bds. 1887.
For Account o. Whom II Nav Concsra
% shs. Central sugar COrpn. prefered
10 shs Central Sugar CoTp1 co1mon
100 shs. MestcheSter Fire Insurance 90
7sS shS. Plsuk;nton Arcade 60. ls IfH.Te'
- shs. United Wine & Trading GO
IS shs American Exchange cigar GO cra,N
2 shs American Exchange cigar 90. pr.s
100 shs. California Petroleum torp1 con.y.-
/ 600 shs We,tlaufer -Lorrain Silver Mne "
10 shs Missouri Pacific Rgy. Co CelIl II
Co. Ctf o. Dep ASsmt. unpaid
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-04

Daily Bond Buyer" says: MANY
counties, cities and towns have
offered bonds with no success, and
thus the construction of various
public works, dependent upon these
bond sales for expense funds, has
been delayed, and in some instances
abandoned. Furthermore, the out
look does not promise an early i'm
provement, but indicates that all
public borrowing arranged for some
little time to come must be at rates
considerably higher than munich
palities have become accustomed to
paying for several years"
In the iron and steel trade all
eyes are focused on Washington for
guidance in an unprecedented situa-
ton Of market extravagances and
war complications. individual poll
cies of further buying and selling"
says "The Iron Trade Review"
chang upon surer grasp OF both
form and substance of approaching
Federal procedure. This week has
intensified rather than ameliorated
the uncertainty and cross currents
into which the industry has been
plunged. With harmony yet to be
brought into the Presidents own
Cabinet as to the proper course of
action toward the basic materials OF
industry, the outlook is most OBJ
scure at best. What appeared to be
in the case of coal-and, as follows,
of coke-the establishment of a
precedent applicable to iron and
steel has resulted only in new diff
ferences over the shades of au-
thority of advisory boards and the
legal limits of collective adjust
ments."
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-04
Nav Railroad Earnings

OF the 1s6 railroads having annual
gross revenues of upward of sl,OOO,OOO
scventy-two have made returns TO the
Interstate Commerce Commission for
May, which compare with earnings OF
the same roads for May, 1916, as fol-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-04
Yesterday

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:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-04
The Dollar in Foreign Exchange

Russian exchange declined again yes
terday, ruble cables falling to 2l.S5
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-04

Cotton Goods Trade Slow in Eng
land.-Manchester, July 3.-Conditions
very difficult and progress generally
slow. but there has been fair turn
over in clothes in small lots. Yarns
are we'll held and business is limited
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-04
Money and Credit

A further easing of money rates was
in evidence in the local market yester-
day. At the Stock Exchange a large
volume of business in call loans was
transacted on a 3i2 per cent basis,
while the rate dropped as low as 3 per
cent in the afternoon. This compared
with per cent last week, when the
stringency in the local money market
reached its height.
Time loans against Stock Exchange
collateral were quoted at substantial
concessions, with mixed loans offered
at AZ to AZ per cent for thirty days
10 FIVE months. Six months maturities
were Az TO 5 per cent. Rates for IN.
dustrial collateral loans were quoted
!. to u per cent above those Tor
mixed
Gates w. McGarrah, president of the
Mechanics and Metals National Bank,
in discussing the money situation,
says:
at is a matter of vast importance TO
the entire country that Liberty Loan
and July interest payments thus lar
have been negotiated without financial
disturbance and without stringency in
the money markets. Notwithstanding
the many financial developments since
our entrance into the war, commercial
borrowers throughout the country have
not been in any way Inconvenience
through lack of ample funds for their
needs at moderate rates. That lntri-
cate apparatus known as our banking
and credit system has been supple
mented by the Federal Reserve system;
it will be observed from the statements
made to the Controller of the Cur
rency, particularly by the large hnan-
cial institutions, that many Of them
have made full and free use of the re-
/ discount facilities. In order that they
might in turn render every possible as
sistance to the government in its
financing, and at the same time con-
| tinue as helpful as possible 10 the COM
mercial interests Of the country"
Ruling rates OF money yesterday
compared with a year ago, were as fol
lows:
Yesterday Year ago
Call money. 3Ia4o 294'o
Time money mixed collateraD:
60 days. ... 4Ia@424oo 3I2@334%
90 days.. 4I2@434'O 3Ia@334%
months. 4Ia@434% 3s4%
to 6 mos. 4Ia@5 % 334%
Commercial Paper-A fair amount
Of business was transacted yesterday
on per cent basis.
Official rates Of discount of each of
the twelve Federal districts are as fol
I lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-04
W. {. Langley & Go.
Investments
lis Broadway, New York City
TO THE HOLDERS OF The
FIRST MORTGAGE ~ BONDS
OF THE TOLEDO, PEORIA 4 WEsTERN
RAILWAY On


A receiver having been appointed for ID,
Railway Co and default having been mas.
in the payment OF the principal and intefet
du. July list 1917. on the above mentions.
bonds. the undersigned owning or represent
Ing large amount OF the outstanding boats
have constituted themselves COMMITTEES e
represent the First Mortgage honihoders
The Committee believe that n large ma
iority Of the bonds are promptly deposlisi
il may be possible for q plan of r"organin.
ton Of the property 20 be- consumms'e.
without foreclosure.
II bonds are not deposited and the prtf'
erty is sold under foreclosure. such hone
holders will receive only their pro rata shaii
Of the amount realized.
Bondholders are requested % deposit tier
bonds at once with the Farmers Loan 4
Trust Company. p William street. Ma
York CITY. Bonds will be received for o.
posit without penalty up TO ami ihcsans
July 18th. 1917.
THOMAS DENNY,
ADRIAN IsELIN. JR,
HENRY II. McHAkG,
Committee.
JOHN NJ SHEDD, Counsel
EDWIN GIBBS. Secretary.
% william Street, New York Chy'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-04
Modern Trus, Company Service
| metropolitan Trust 20.
! c.oro, {. Van Tuyi. Jr.. President
go WALL STREET

don, 81 francs Is confines. FIVE per
cent loan, So francs 35 centimes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-04
New York
I'd Sugar Exchange Member

Coffee and Sugar Exchange Member
ships Miller & Co. have pur-
chased the New York Coffee and Sugar
Exchange membership Of Harry 5.
Morris for s4,l50, an advance OF sloo
over the previous sale.
Southern Pacific Loses Subtitle United
States Circuit Court Of Appeals. in ma
jority opinion by Judges Ward and Rogers:
rendered yesterday. affirmed the decree OF
Judge Chatfield requiring the Southern Pa
cifc Company to deliver to the minority stock;
holders Of the Houston Texas Central
Railway Company their proportionate share
of the stock of the recognized company and
of the dividends collected thereon. upon pay
ment of s26 a share and interest from Feb
ruary 10, 1891. Judge Hough filed dissent
ing opinion.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-04

Commercial Paper.-A fair amount
Of business was transacted yesterday
on a per cent basis.
Official rates of discount of each Of
the twelve Federal districts are as fol
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-04

Silver.-Bsrs in London, 3911d; New
York. 777s cents; Mexican dollars, 61k
cents.
Sub-TreAsury.-New York banks lost
to Sub-Tressury s2,656,000.
Gold Currents. - The Sub-Treasury
has transferred sl,9S5,570 in gold to
San Francisco. on account of like
amount of gold exports to Japan. Gold
coin amounting TO sl,5l0,6S5 was with
drawn from the Sub-Tressury, OF which
81 100000 was for shipment to South
America.
London Money Naturalization,
July money, 3G4 per cent; dis
count rates. short bills. AZ per cent;
three months bills. 1916 per cent;
gold premium at Lisbon, $500.
The day book. [volume] (Chicago, Ill.) 1911-1917, 1917-01-19
WEEGHMAN TIRES OF BEING
GOAT OF BASEBALL
BY Mark Shields

PRESIDENT Weeghmdn OF the CUBS,
aroused at the way his ball players
have been returning unsigned con-
tracts, is out with hot statement
to the effect that he will not be made
the goat in the strike of the Baseball
Players Fraternity. Weeghman
gives some. facts and figures tending
to justify him in cutting salaries, and
comments on the ability Of at least
one athlete-Jimmy Archer.
But Weeghman does not go to the
real root of the question. The Chi
cago team has been the goat of the
National league for some time
Weeghman's fellow magnates are
responsible for this condition.
In the days Of Charles Webb Muir
ply, when that person became I'M
popular with his associates, the Cubs
began to be the goats. Murphy de-
posed Evers as manager. Immedia-
ateIy there was a howl from SELF
righteous magnates of the league
and Murphy was compelled to send
EYers to Boston.
At every session of the league
Murphy was up for panning, and
the magnates delighted in washing
their soiled linen with c. Webb as
the unshrinkable soap.
Naturally, the players saw the
trend of affairs. So did the people
who promoted the Federal league.
The players realized that Murphy
was not in right and felt they would
not be harshly dealt with for trying
to run a rinkaboo. And during this
time Murphy had salary roll that
would have made some of his tight
Wad pals sick. His athletes were
well paid.
Along came the Federal league and
picked on the Cubs. The players
were not Hard to influence.
Last season, when joe Tinker had
the. combined Fed and National
The day book. [volume] (Chicago, Ill.) 1911-1917, 1917-01-19

on the Cubs, but forced them to
come within the 21-player limit.
They took no cognizance Of the fact
that Tinker had about so athletes
men with signed cOntracts-on his
roll at the start of the season.
There was also something that
amounted to more than suspicion
that President Ebbetts of the Dodg-
ers was spreading the information
that Joe Tinker would be OUsted as
Cub manager League rules do not
allow a club owner to interfere in
any way with a player under con-
tract to another club, but the league
has always dealt -leniently with any
offenses against the Cubs.
Undoubtedly if a strike actually
comes, the Cubs will be the goats,
but Weeghman has the owners of
his own leagueto thank for the con-
Archer received $500 last season.
His contract this year called for
1900. He returned it unsigned.
Now Weeghman has sent him anoth-
er paper with even smaller figures
and points out that Jim hit .220 last
year and played in but 81 games. He
was paid for all the time he was on
the bench injured.
And, to show that he is'trying to
be fair, Weeghman, has doubled Mike
Prendergast's salary, which last
season was 81, 500. PTendergast was
a better pitcher than Seaton, Law
ender or Hendrix, each of whom re-
cefVed at least $4,000 more than =
Mikes stipend in 1916.
Weeghman also points out that
Archer was slowing up so much that
he was thrown out at first base on a
single to right field. The Cub boss
shouldn't make cracks like that I'M
less he is ready to fire Archer out
right.
Taking it by and large, Wsegh-
man iS Justified in some of his pIIts
The Detroit times., 1917-07-25
rN WnLIE STAR lINE4

Wharf foot OF griswold 49, Eastsrn
time Por the Flats Tashmco Park and
Port Huron way ports steamers leave
Detroit daily. except SuudRy as a. m
2 30 p m and , sundays 80 a. m
and $50 D. m sunday only extra
steamer f1r the Flats. rashmoo Park
and Algonac. 3 m For Toledo and
Sugar Island steamer leaves daily 80
q m and ma. sundays. for Toledo
Island. $50 a. co.. $50 a. ma. 50 D. m
and =. M
The Detroit times., 1917-07-25
&c MhlstIe RrInas BOZ
BY Po

LOGANSPORT. Ind, July -
Jimmy Slagie. aged four. had been
missing from his home here an day
Neighb0rs Joined Ia the search, and
later Mrs Slaglo notified The police
The siren whistle az the electric
lighr plant which is blown when "a
fire alarm is turned IN 90 notify be-
people 90 shut oG tho wgter was
used IN an effort 10 arouse the citi-
zeny
soon the new paper offices and
police headquarters We're sWamped
with calls 10 know the meaning OF
Tho extended blow ng ~ tho whistle.
They were notified that tbo Slagle
boy was lost. and 70 general search
OF the city began Toward inine
Jimmy walked into FIRE station In
The business pari Of lhe city quilting
wagon behind him ia said hc
heard the whistle and wanted 20
know about the FIRE
The Detroit times., 1917-07-25
In the Religious World
HIS OTHER NAME is LOVE

vanity OF being able to conform TO
fashion. and OF having the expert
ence 10 brag about TO less fortunate
neighbors. The sheer foolishness
and emptiness OF much OF the life
OF the times that Is consuming the
spirit blood OF people for whom
their Maker planned better things.
Is enough TO make the angels weep
At least the world is being sobered
by the war that is stripping civili-
cation Of many OF It's vain trappings
The Fat and the Lean
The world requires no proof OF its
own deep dissatisfaction with Itself
In serious mood men and women
viii frankly confess that they and
their neighbors are spirit sick, spirit
hungry. and spirit thirsty II is try.
ing 10 satisfy us profound moods by
gratifying It's empty desires. There
fore. the pencil OF unrest has writ
ten its ugly lines upon the faces
that We see all about us.
I We are living In a day OF fat cir
cumstances and lean souls. We are
feeding our bodies luxuriously and
starving our spirits miserably. The
husks OF materialism are no food for
the man whom God has made a liv-
ing spirit In His own image. We
need tremendously 10 hear this wise
word from the ancient Hebrew writ
ings, Eat we that which Is good
and let your soul delight itself in
fatness." Better big life in a lit
tie house than a little life in a big
house. Richness and largeness OF
spirit are more TO be desired than
any OF the blessings OF estate. There
are too many "Tomlinsons OF Berk-
ley-sq," who live the conventional
round. but never grow a soul that
even Satan can respect.
The Long Look
lie who lives life or the spirit
should have the patience OF the
truly spiritual. The monkeys are de
epised OF the jungle folk because
they are always in hurry. and can
not plan for more than day al a
time All strong creatures win their
/, souls In patience. God shows His
Godship BY His willingness TO wait
He Is never in a hurry. the eternal
years are His. The Proverb has IL
Gods payday Is sure. but IT does
not always come on Saturday" All
90 His plans include two worlds
Russia and Rome are but incidents
with Him 20 whom a thousand years
are as day Looking backward
from heavens battlements we may
discern meaning in our present
world affection that justifes the en-
tire cost There was comfort for
ancient Israel, and for all others to-
day. who in hard circumstances
would live the serene life OF the
spirit. in the promise OF better
day in the unseen future when the