davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20

Russian Money Market Washing
ton, April ~. The Commerce Depart
mcnt to-day made public dispatch
from American Consul David b. Mac
Gowan, at Moscow, which said:
"As was TO be expected. the Russian
money market in 1916. as in 1915 and
the latter half of 1914, was under the
influence Of the demands of the Treas
ury for war funds. The year closed
with quotations of 5A per cent at
Pctrograd and Of 81. to 5l4 at Moscow
for solid commercial paper.
"Up to December II Petrograd banks
had discontinued 5 per cent short term
treasury notes 20 the amount Of .l40,-
100000 rubles, equal at the official ex-
change rate to about 1871. 1905 900 and
At present market rates to about $500
600 900. The year closed with slight
demand for credit on the part Of small
and medium sized concerns, owing 20
the abundance Of the circulation me-
oium.
"On the other hand, the demand on
the part of large firms and stock com
panies was brisk. These large dis
counts represented transactions in cot
ton. petroleum. tobacco. sugar. forestry
products ard other articles Of primary
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20
News Digest
Foreign

Stocks in London More Active. Lon
don, April 19-The stock market was
strengthened by the war news again TO.
day, and values of investment stocks
continued to appreciate on fair buying
of the limited amount of stock avail
able. The war loan progressed steadily,
followed by Argentine rails and foreign
issues generally. Shipping shares reg
istered good gains. and the mining sec
tion was quietly firm, with base metal
shares the feature. Is fact, the whole
speculative section was more active
than for some time past American Sc
curities we're occasionally supported at
steady prices.
Money conditions were sitter and
supplies are shrinking. Discount rates
were firm. Money was quoted at IA
per cent. Discount rates: Short bills,
46s@44 per cent; three-month bills,
1905 per cent. Gold premiums at
Lisbon, S4.00.
Paris Bourse. Paris, April 10
Prices were steady on the Bourse to-
dav. Three per cent rentes, 81 francs
Is centimes for cash; exchange en- Lon
don. p francs 1872 confines; . per
cent loan. SO francs SO centimes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20
New York
Consolidated Stock Exchange Nomi

Consolidated Stock Exchange Nomi-
nations. Frank Howell was nomi'
mated for president Of the Consolidated
Stock Exchange on the regular ticket
yesterday to succeed NJ. h. De Aguero
The election will be held May Ii. Fol
lowing are the regular nominees: First
vice-president. William s. Silkworth
second president, O'Connor de
Cordova; treasurer, Marcus Helm;
chairman, Valentine Mott; members
of the board of governors to serve
two years, R. W. Belts, John d. Dau-
tel, c. II. Delamater, Frederick W
Droge. r. Tracy Falk, James A. GillIes,
Warren f. Scoville, William Specht
Mortimer II. Wager AID l.. b. Wilson;
member of board Of governors to serve
one year, c. II. Badeu.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20
Millions in Securities Transferred.

As result of the merger of the two
institutions. the Aston Trust Company
Yesterday removed from its banking
quarters at Fifth Avenue and Thirty
sixth Street to the Bankers Trust Com
pany vaults. Is Wall Street. millions
Of dollars worth Of securities.
These were moved in the armed van
Of the Bankers Trust Company under
heavy guard Both trust companies
were protected by hold-up policies to
the amount Of several million dollars.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20

industrial and commercial Importance,
a. we'll as military stores. There was
a tendency 20 hold securities and
realty, the former at falling prices IN
many eases, the latter usually a. rising
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20
Mexican Currency
On Bargain Counter

A New York brokerage house an
nounced yesterday it had 100000
pesos (S5OO,OOO) Mexican paper cur
rency to sell at cents and 6 mills per
peso. The currency was issued year
ago by the Mexican provisional govern
ment at a rate of 10 cents American
money per peso. The authorized issue
amounted to 5OOOOO,OOO pesos, having
a face value of so cents TO the peso.
The money was engraved here by the
American Bank Note Company and the
bills were known as infalsilicables be-
cause they could not be counterfeited'
There are now only SO,OOOO00 pesos OF
the original issue outstanding.
Dr.. Caturegli, financial agent of the
Mexican government in this city. said
yesterday that Mexico had nothing
whatever 90 do with the sale Of the
money here and that it was merely an
effort to create speculative interest IN
the peso bills.
In order to prevent copper from leav-
ing the country, a bill for the with
drawal of the circulation Of copper
money and the substitution of nickel
has been introduced in the Portuguese
Parliament.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20
u. S. Treasury Finances

Washington, April l9.-Condition of
the United States Treasury at close to-
DAY showed: Net balance in general
fund S7e.867, 202; total receipts, S3,572,-
2e3: total payments. s1.S34.5f4.
The deficit this fiscal year is VIA
e06, sos against deficit Of s65.8S2,370
last year. exclusive of Panama Canal
and public debt transactions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20

per cent, the highest level touched
since the fore part Of February, was
associated with the announcement OF
the Offering of 500, GOO of United
States government ~ per cent certif-
Gates Of indebtedness FOR subscription
bv member hanks of tho Federal Re
serve system. This means that sur
plus reserves Of member banks will be
called into use TO take up the offering.
While there was no excitement in the
money market yesterday as result Of
this development rates for time funds
as well as call money were pcrccptbly
hrmer. The whole market has been
gradually stifcuing for a week or more
in anticipation of the impending gov
eminent borrowing operations.
Money on time was not so plentiful
and borrowers were bidding per cent
for five and six months loans against
a mixture Of railroad and industrial
securities as collateral. For all indus
trial collateral loans the rate is 4i2
per cent for the longer maturtics.
Ruling rates on money yesterday,
compared with a year ago, were as fol-
lows:
Xcc4orda. Year
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20
FINANCIAL MEBiNo


Inspiration Consolidate" ,,grTlN6
NOTICE OF ANNIAi, nat the -
Notice is hereby gwen ,tsrs Of ~
Needing OF che stoes vcopper go
S "a. " wa nSi' Street Ass rS DAY q -
i BIZ al Two o'clock p, ~ IS "a,
sCiion Of any and all iaeletis I
come before tho mee''ns -
clartion Of directors a., h. closed . q
The transfer books WI ts ~ April =, s
.o'clock =. ". on Thufs'ss. o'clocf
and will be reopened a. .,s a
on TUESDAY. April e. LIEN. Ssc's~'
49,. vo,k March %. 1911.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20
Money and Credit

Call money rose 20 per cent. on the
Stock Exchange yesterday, closing at
~ per cent. Most of the days loans.
however were made on "A basis OF 2is
per cent. or the same rate as on the
day before. The rise in the rate TO ,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20

The above rates cNprcss The COST OF
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling for S475&i, the intrinsic par
~ is $fS6Ss per pound. Thus, you
say either that pounds arc at a dis
count or that dollars are at a pre-
MUM, which is owing to the fact that
in England the demand for dollars
with which to settle accounts in this
country is greater than the demand in
this country for pounds with which to
settle accounts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20

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, 1917-04-20
Tucsdav. April 10, 1917

Contradistinct price tendencies, re
sulting from the days exchange of
counters between those who make a
living out Of fluctuations on the stock
market. served to emphasize the con
fusion Of opinion in Wall Street as
10 how various types Of securities arc
likely to be affected 10y the momcn-
tous events which arc taking place at
home and abroad. The most pro
nouuccd weakness was developed m
shipping shares. The end Of abnor-
nal profits for the international
Mercantile Marine Company is
thought to bc i'm sight, and specula-
ton i'm those issues is now prediCatcd
al least as much on estimates Of the
price warranted 10y accumulated
profits as on prospects for the future.
Greater weakness was displayed IN
quotations on the shares of the
American shipping companies than
ir the Marine issues, evidently on the
/ theory that the worst has already
( happened 10 the latter, whereas the
others may have TO face government
CCnscription. and, in the course of a
few months, perhaps severe competi-
ton. with consequent reduction IN
rates and profits. The latter con
tingency seems rather remote, but II
is not improbable that the govern
mcnt will decide TO follow the OK
ample Of Great Britain and com
mandccr American tonnage. Motor
stocks followed much the same
course as the shipping shares, and
for the same reason that has been
responsible for their weakness i'm
other recent sessions belief that
heavy taxation Will produce a ma
I tion-widc spirit Of economy, and so
reduce the market for pleasure cars.
| H. contrast with the weakness of
, such issues was the general improve
meut i'm other industrial stocks, par
ticularly the iron, steel and equip
mcnt issues. I'm the latter group
only five issues cut Of twenty-siX
dealt i'm recorded losses, all the
others advancing fractionally.
Save for sharp decline in New
Haven, brought about by the propo-
sal to issue $5O,OOO,OOO additional
preferred stock 10 pay Indebtedness,
there was little Of interest in the
movement of railroad shares, losses
about balancing gains, but that sec
ton Of the market nevertheless dis
played greater activity than usual.
Transactions were more than double
those of the preceding session. The
highly favorable report Of the South
crn Pacific for 1916 had little effect
on the market for that issue, for the
reason that it had already been dis
counted, and traders were thinking
mere Of current earnings and pros
poets for higher rates,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20

Nipissing Mines.-Annual report for the
year ended December 81. 1916. shows net
income Of Sl.S05. 243. equal 70 Sl.50 a share
on l. POO. 900 shares Of capital stock.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20

Sub Treasury. -- New York banks
lost 70 Sub-Treasury S2,042,711.
Silver.-Bars in London 37}s pence;
New York. 745s cents; Mexican dollars,
5G7s cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20
Corporation Returns

New York. Susouehanna & Western Rail
road Report for the year ended December
a. 1916. compares a. follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20
1oner fmixcd collateral) :

Commercial Paper-Businoss is quiet
with small amount OF paper moving
at ~ per cent for the best regular
maturitics.
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, 1917-04-20
EXPRESS Business Increases

"A decrease in earnings for the
TRANSPORTATION of mail was more than
offset By an increase in express earn
ings which accrued during the last SIX
months of the year from new and
more favorable contract with wells
Fargo & Co. and an increase IN the
volume of express business. The COM
bined increase in mail and express
revenues compared W 4 the previous
year was SAL. OPS"
The Southern PaclA-s balance sheet
as of December 81, 1916, compared with
June 80, 1916. shows a total corporate
surplus of S2lO,276.762, an increase OF
s1sl43.I32. Cash amounted TO Sl2,ll4,-
ESQ. against SI3,52S 1902.
The report says that the eight-hour
law will increase by Sl,75O,OOO TO
50 600 900 the wages paid to small
number of employees and will be far
reaching in its ultimate effect.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20
Bank of England Reports for III

week show an increase Of 9l33,700 in
gold holdings. Proportion of reserves
10 liabilities now stands at 1914 per
cent. against 1919 per cent a week ago.
Nthnr chnnrne Wnrn.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20
Passenger Earnings Drop

Mr.. Kruttschnitt says in part in his
remarks to stockholders:
"The revenue from freight traffic IN
creased s26.129,277. The volume was
augmented by business formerly ham
died by steamships, operating via the
Isthmus OF Tehuantepec and the Pan
ANA Canal, which have been tempo
rarily diverted to more profitable trans
atlantic service; and the European war
has stimulated demand for the prod
ucts of mines and agriculture which
has resulted in prosperity in all lines
of cndeavor, in addition to which con-
siderable revenue accrued from the
TRANSPORTATION of supplies for the
troops encamped along the Mexican
border.
Revenue from passenger business
reflects decrease of s4,944,954, COM
pared with the calendar year 1918, IN
which extraordinary travel was stimu-
lated by the California expositions. 1t
is estimated that the competition OF
automobiles deprived your company's
lines of earnings in excess of $1,000
900. On the other hand, revenue of
approximately s1,l5O,OOo was derived
from the transportation of troops TO,
from and between points adjacent to
the Mexican borer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20
Relevant Facts


: Santa Cecilia Sugar Company
plan of rcadjustment announced yes
tcrday provides for the formation Of
a new company TO acquire the property.
business and assets of the present cor
poration with an authorized capital as
follows: Seven hundred and fifty thou
sand first mortgage ten-year per cent
sinking fund bondss; 100000 7 per
cent cumulative preferred stock and
Sl,75O,OO0 common stock. Holders Of
the bonds of the old company will re-
cc~ new bonds at par and 21s per
cent in cash for their present hold
ings. Preferred stockholders will re-
ceve for each 500 OF old stock
Sl2O in new preferred stock and $50
in new common.
National Lead Company. President
Edward J. Cornish, addressing the
stockholders at the annual meeting yes
terday, said that while all the sub
salaries were doing we'll, they had not
as yet been called upon for dividends.
"Those companies" said Mr. Cornish,
"are trying to make some money to re-
place their water with real assets
Referring to the United States Steel
Cartridge Company, which has orders
from the Allies, he stated that
increased cost of materials, higher
taxes and government regulation made
it difficult to predict what the COM
pany's net earnings will be. The COM
pany, he admitted, is not doing so well
as had been expected.
New York. New Haven & Hartford
Announcement yesterday that the COM
pany had petitioned the General Assem-
blv of the State of Connecticut Tor
ncrmission to issue $5O,OOO,OOO per
cent cumulative preferred stock took
Wall Street by surprise, as 1t had been
previously intimated in banking quar-
ters close to the road that this method
of financing its needs probably would
not be adopted The stock was weak
selling down 37s points, to 1914. The
determination to issue new stock and
not bonds to permanently finance the
company's estimated needs OF S2o,oOo'-
900 was attributed not only to the
present condition OF the investment
market but to the improved condition
of the property as well. While no de-
tails of the terms at which the new
stock will be offered are yet available
it is understood that present stock
holders will be asked to subscribe in
proportion to their holdings.
Republic Iron & Steel. - Following
the announcement Of John A. Topping,
chairman of the board, that the COM
pany would issue quarterly statements,
a report for the quarter ended March
81 was made public yesterday. This
showed net earnings of S6,557,5l5 and
a balance available for dividends
amounting to S4,346,927. The surplus
for the common stock was $1,000 3H
equal to 1893 per cent on the amount
outstanding Untitled orders on hand
March 81 for finished and unfinished
products totalled 593,Ol9 tons, compared
with 6l7,95O tons on December 81, 1916.
j. W. Deetrick, who has been general
manager Of the company at Youngs-
town, Ohio. was elected a vice-president
at Yesterdays meeting Mr.. Deetrick
49,. LIZ nnndn a dirncfnr
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20

In spite of the fact that thousands
of workers engaged in the manu-
facture Of munitions for the Allies
have recently been released as CON
tracts We're completed, the shortage
o. labor is apparently no less pro-
nounced than it was when The mum
tiCns business was at the peak of its
prosperity. All those released were
Immediately absorbed by other in
dustries, and still there were not
enough workers to meet the demand.
There are indications that the short
age, which has been aggravated by
iAeiliciency resulting from the great
prosperity Of the workers and by
the reduction Of hours Of labor in
many lines of industry, may be felt
even more keenly than in the past in
the metal trades if the volunteer
system of recruiting our military
forces should be tried out. Every
man who drops such work to Join the
army means just so much of a re
dUction in the working forces, be-
cause there is no way Of replacing
him. Even if il were possible to do
50, however, it would take a long
time to train the new worker to his
job. A letter received by The Iron
Age" from a New England concern
illustrates the point. 1t follows:
A year ago we took on a couple
OF contracts for making shrapnel.
10 took Us four or five months 90
get the necessary experience, so
that wo could turn them ont in
large quantities. Operations in Ger
tain departments were harder than
IN others. The foremen of those
two departments are leaving US his
week. one 10 20 into the navy and
the other into aviation service.
These particular two men are
worth mere 20 our government end
TO us IN making shrapnel or shells
than in almost any other position
IN which they could be placed.
Some arrangement should be made
so that, IN case we took on govern
ment contracts, men with spccial
knowledge who have already volu.-
tcercd or gone into the navy or
other arms Of the service should be
should be ordered back where their
knowledge and experience would be
OF the greatest value.
Other companies which produce
war supplies have had similar ex-
periences. That is why many indus
trial leaders favor selective conscrip-
ton.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20

Arizona Power Annual report Tor the
year ended December 81. 1916. including the
Prescott Gas & Electric Company. compares
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20
ID y !
Over Over Ovcr

Clcarings The days clearings at
New York and other cities:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20

Bank of France.-The Bank Of France
reports the following changes in its
N.ecklv refmrn in francs:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20
Southern Pacific
Gets More Work
Out of Its Cars
Earnings for 1916 Show
Large Gain, Despite
Shortage of Equipment

Under the pressure OF necessity the
Southern Pacific Company last year
made two freight cars do as much work
as three did in 1915, and thereby rolled
mp the greatest gross earnings IN the
history Of the system. The statement
Of 1916 operations, made yesterday IN
compliance with the Interstate Com
rncrcc Commissions order that railroad
reports conform 10 the calendar year,
shows gross revenues of Sl63,f2I,f2",
exceeding the previous calendar year
by $50, 959.5l7. or 147l per cent. Net
earnings. after taxes, were S52,0OS,2oo,
an increase Of s8.497,753. or 1913 per
cent. over 1918. The surplus, after ali
charges, Of s3f,i65,32s. compares with
S27, 26s, 0O1 in 1918, and was equivalent
to Sl263 share earned on 2,128,223
shares of capital stock, compared with
$40 share earned in 1915.
Large Gain in Train Load
ne ENtIdEf lftlkhA Aihii ivhh hoN''N'
by the Southern Pacific last year was
the highest on record, being $3.50 tons.
an increase over the previous year of
71.5O tons, or 1883 per cent. julius
Kruttschnitt, chairman Of the executive
committee, says that traffic condi-
tions brought about largely by the war
drew many of the company's freight
cars to the Atlantic seaboard territory
and there were fewer cars on the
Southern Pacific lines, yet by better
loading and movement the company
handled 43.45 per cent greater ton
mileage of revenue freight than IN
1915.
On December 81, 1916, the principal
OF advances 70 the Southern Pacific
Railroad Company of Mexico amounted
to $40, 1897 943. Increases in wage agree
mcnts made during 1915 and wages
paid employees while serving in the Ma
tional Guard on the Mexican border
caused an increase in operating OK
pcnscs Of Sl,365,5l5.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-20

Other companies which produce
war supplies have had similar ex-
periences. That is why many indus
trial leaders favor selective conscrip-
ton.
Mountain Home Republican. [volume] (Mountain Home, Idaho) 1915-1946, 1917-11-17
Serial 01601S.
NOTICE FOR PUBLICATION

Department of the Interior, U. S
Land Office at Boise, Idaho November
7. 1917.
Notice is hereby given that Clay
Groefsema, of MountainhOme, Idaho
who on May 2, 1914, made Home
stead Entry, No. 016018, for NV a
SWA, S42 SWA, Section 81, anG
NWA NWA, Section %, Township
South, Range East, Boise Nerd.
ian, has filed notice of intention tC
make Three-year proof to establish
claim to the land above described
before w. c. HOWE, United States
Commissioner, at his office, at Noun
tainhome, Idaho, on the goth day OF
December, 1917.
Claimant names as witnesses:
Charles Boncher, Ernest Burg
hart, Harry l.. Sites, John Groefse
ma, all of Mountainhome, Idaho.
FRANK S. HER,
Register
November 10 Dec. s.
Mountain Home Republican. [volume] (Mountain Home, Idaho) 1915-1946, 1917-11-17

Township South, Range East,
Boise Meridian and the timber there
on, under the provisions Of the act OF
Jane 3 1878, and acts Gmcndatory.
known ais the Timber and Stone
Lev, at such value as might be
fixed b. appraisement, and that pur-
81 mt TO such APPLICATION, the land and
timber thereon have been appraised
TWO Hundred Twenty Dollars the
timber estimated 1000 posts at 5
cents each, 500 and the land
$4,000; that said applicant will offer
maj proof in support Of his applica-
ton and sworn statement on the
20th day Of December 1917 before
w, c. HOWE, United States Commits
sioner at his office, at Mountainous
Idaho,
Any person is at liberty to protest
this purchase before entry or indi-
cate a contest at any time before
patent issues, by filing a corroborated
affidavit in this office, alleging facts
which would defeat the entry.
FRANK S. HER,
Get. 8, Dec Register
Mountain Home Republican. [volume] (Mountain Home, Idaho) 1915-1946, 1917-11-17
Serial 011903
NOTICE FOR PUBLICATION
Nov. 3 Dec. 1

Department of the Interior, U. S,
Land Office at Boise, Idaho, October
20, 1917.
Notice is hereby given that Andrew
Baker, assignee of Glenn e Messin-
ger, Meridian Idaho, who, on Deem
Der 8, 1911, made Desert Land Entry,
No. 0119O3, for S12SEA, Section 20,
and NRNEA . Section %, Town
ship ! South, Range East, Boise
Meridian, has filed notice of intention
to make Final Proof under Paragraph
3 Act March A. 1915, to establish
claim to the land above described
before Register and Receiver at the
United States Land Office, at Boise,
Idaho, on the 18th day OF December
1917.
Claimant names as witnesses:
Frank Martin of Bennett Idaho.
George w Hunt, of Bennett, Idaho.
Andrew Richie. of Boise, Idaho.
Lee Braber of Bennett, Idaho
FRANK S. HER,
Register,
Nov. Dec L.