davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press., 1917-11-05

1HE GUNEkN kNT neeGS farmers as
well as fighters. Two million three
hundred thousand acres of Oregon 81
California railroad Co. grant lands
to be opened for homestends and
sale. Title revested in United States.
CS1taininG some of the best land left
in United States. Large copyrighted
map, showing lands by sections. and
full description, by counties, post
paid, 81. Grant Land Locating Co.,
Box 610, Portland. Ore.
Imperial Valley press., 1917-11-05

Don Palmaree, Holtville star half
back, who was injured seriously in
the Central-Holtville game, and who
was reported much improved last
week, is in bad condition as the result
of serious strain sustained in a Hal
lowe'en excursion at Hotville.
Imperial Valley press., 1917-11-05

Billy Silver, in the st. Thomas hos
pital with broken leg, held court
yesterday. The following guests Wis
tied the hospital to pay their respects
TO the vanquished business manager
Iof Lower California's leading news
paper, The Vanguard: Captains Holt
man and Hodgson; Lieutenant Smith,
u. S. A.; H. S. t"Caseyp Abbott;
Frank W. Roach, editor Calexico
Chronicle; Joseph Lee, Albert Pedrin,
Imperial Valley press., 1917-11-05

No intimation has ben given by Di-
rector Holt that he will relinquish the
duties of director in the near future,
and the other directors state that they
hope he will listen to them and re-
Inounce his intention of resigning.
Imperial Valley press., 1917-11-05
News In Brief

Mr.. and Mrs. G. E. Scott spent Sun
day with Mrs. Sott's parents, Assem-
blyman and Mrs. r. E. Wills at Braw-
ley.
Imperial Valley press., 1917-11-05
GRAIN MARKET

The following grain prices are fur
nished daily by the Los Angeles Grain
Exchange in the 1. w Hellman build
ing. All quotations are on basis
of ready shipment or in transit and
are sacked unless otherwise specific ed
All commodities are quoted f. o. b. Los
Angeles on lots of 100 tons or more.
Imperial Valley press., 1917-11-05

The ladies of st. Mary's church
will meet at the home of Mrs. Pau
line DAILY, 562 Olive street, this even
ing for the Bazaar. By mistake a
notice has appeared in the local papers
announcing the Bazaar for the 7th and
Sth of November. 1t should have
read the 7th and 8th of December.
Imperial Valley press., 1917-11-05
HAY PRICES,

Lois Angeles, Oct. 4.-The following
are Wholesale prices, to the grower f.
o. b. Lois Angeles, per ton, in car
load lots Handling charges and COM
mission must be added for prices to
the consumers:
Imperial Valley press., 1917-11-05

Mr.. and Mrs. Ernest Ward of Holt
vile have leased the Thompson place
east of Ell Centro.
Imperial Valley press., 1917-11-05

Mr.. and Mrs. George Sanger of
Long eBach have come Ell Centre
to live, having leased house on Holt
avenue.
Imperial Valley press., 1917-11-05
POULTRY,
Prices Paid to Producers,
EGGS.

(By Pricate Wire)
Los Angeles, Oct. 4.-Extras, 40:
case count, 4S; pullets, 431a.
Imperial Valley press., 1917-11-05

Brawley is arranging for King
Cotton carnival, in which the Foley
& Burke shows are to be a feaure.
Imperial Valley press., 1917-11-05

A family of four narrowly escaped
injury this morning when rear
wheel of Ford in which they were
riding came off while they were trav-
cling at the rate. of about thirty miles
an hour. The car swerved into the
ditch between Ell Centre and Impe-
rial
Imperial Valley press., 1917-11-05

Phone Your wants 90 fhe rruss
and get quick results.
Imperial Valley press., 1917-11-05

Dave Matlock is now stationed at
Calipatria by Sheriff Applestill, fol-
lowing the petition of people of that
town for a permanent officer.
Imperial Valley press., 1917-11-05
FOR SALE on EXUHANGE.

FOR EXCHANGE-Will swap 30 acres
good soft cultivated land, fully wa
ter-stocked, 2 miles from town, TO
rs good cows. Liens Agency. Ore
gon Hotel Bldg.
ATTENTION--If you want TO sell Ul
exchange your farms send to M
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-30
Cotton Market Quiet
Trading Light and Prices
High, but Not Firm

Fall River, Mass, April 29.-Trading
in the cotton goods markets last week
was comparatively quiet. For the most
part the factors confined their pur.
ohases TO spots and nearby deliveries
and were content TO await future de-
velopments. No efforts were made by
millmen to influence buyers. Printers
and converters bought in fair quantity
of wide goods. Manufacturers Of
twills, sateens and specialties report
that a moderate amount of business
was done. The situation in fine goods
was fair. The raw cotton market held
firm and high
While prices on cotton goods are
high, they are not so firm as they were
a few weeks ago. The cotton yarn mar
kets have been only moderately active.
The one feature of the week was the
voluntary raise of 10 per cent in wages
for the operatives OF the American
Printing Company, controlled by NJ. c..
ID. Borden & Sons, Worth Street, New
York. IL is expected that the Fall
River Iron Works Company, a property
of the Bordens. will follow suit.
The total sales of cloth during the
week are estimated at 100000 pieces, OF
which about 10000 are spots. The week
closed with the demand quiet and
prices high, but not firm.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-30

have saved cars during our car famine
of the winter there is no way of esti-
mating. England, however. with the
task of carrying meat enough TO supply
not only herself, but France and Italy
as well, did some figuring, and found
that the cubic contents of refrigerator
space on steamers were double the
quantity of meat actually transported.
Some of the refrigerator space was
diverted to other purposes. but there
was enough of surplus left TO point
moral. Taking this lesson to heart,
some Englishmen are talking Of i'm
porting only meat from which the bones
have been removed-a procedure which
would have saved the space of 100000
tons last year. The Importance of beef
transport lies in the conclusion of
European military commanders that
frozen beef, as opposed to fresh killed,
is an almost indispensable foodstuf for
armies.-The Nations Business.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-30
New Bank to Subscribe
Capital to War Loan
Mercantile Trust and Deposit
Company Opens To-day

Announcement of the opening to-day
of the newly organized Mercantile
Trust and Deposit Company, is &C
companied by the statement that one
Of the first acts of the board of
directors will be to pass resolutions
authorizing the investment Of the
banks entire capital in the United
States 3 per cent certificates OF IN
debtedness. later to be converted into
bonds of the Liberty Loan of 1917.
The new trust company is capitalized
at $l,000,000 and starts in business
with a surplus fund of 100000. The
president is Chellis p. Austen. formerly
vice-president of the Columbia Trust
Company. Other officers are Charles
u. Makepeace, ce-president and sec
rotary: John A. Burns, assistant secre-
tary, and Cornelius J. Murray, assistant
treasurer.
The executive committee consists of
Henry S. Bowers, Frank +. d. Close,
Herbert +. Howell. f. ID. Jay, Samuel
II. Miller and Charles S. Sargent, jr.
Other directors are Elliott Averett,
Edward J. Barber, Delos W. Cooke, C..
c. Du Bots, Frederick F. Fitzpatrick,
William Giblin. A. B. Horn, James w.
Johnston, Bertram Lord, Elgood c..
Lufkn, Theodore F. Merseles, Albert
c. Milbank. Sherburne Prescott. Jack
son l.. Reynolds, Harvey ID. Gibson,
John McHugh and Thomas Hildt.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-30

The effect Of the success attending
the British war loan of a few weeks
ago on the market value Of high
class investment securities in the
London market is interesting. Fig
ures which have just reached this
side show that 3S7 representative is
sues increased G16.9S9,000 in their
aggregate market value, which now
stands at s2,669,377,OO0, in a single
month. These are securities, both
stocks and bonds, listed on the Lon
don Stock Exchange. There has
been an almost steady decline in
these securities since the beginning
of the war, and last months up
turn was one of the few that have
taken place. London attributes the
improvement to the stimulating ef-
feet Of the war loan subscription.
British, colonial and foreign govern
ment issues underwent considerable
betterment. The American stocks
and bonds quoted in London declined
slightly.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-30
Higher Fuel Cost
A Big Item

Among the principal items ac-
counting for this great addition to
the outlay of the railroads is coal,
which will undoubtedly cost the rail
roads from so cents to 81 ton more
than it cost the carriers in 1916.
This will add from $100,000,000 to
$120,000,000 to railroad expenses. It
is estimated that the eight-hour law
will add S60,000,000 to the wages re-
ceived by. the trainmen, and that
other employees will secure an in
crease of about S40,000,000 in wages.
Steel rails have increased in price
$40 a ton, adding S30,O00,000 to ex-
penses. Locomotives have risen 90
per cent in cost; passenger coaches
and freight cars 80 per cent in price;
and if the carriers make only normal
additions to their rolling stock dur
ing the present year their outlay will
be nearly S200,000,000 more than
it would have been at 1915 prices,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-30
Few Roads Prepared
For Future Demands

The railroads in the United States,
with the exception Of these operated
by a limited number Of especially
favored companies, are not in posi-
ton adequately to meet present and
future demands. The revenues of
the carriers during 1913, 1914 and
most of 1915 were so low as to pre-
vent the railroads from making nor
nal additions to equipment, ter
minals and other facilities, and when
the great increase in traffic came
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-30

The difficulty that bankers are
meeting in disposing of corporate
mortgage issues of good standing is
illustrated by the under-subscrip-
ton of the S25, 100000 issue of Chi
cago, Milwaukee & st. Paul Railway
AIS. The bonds were offered in
January to the public at 96lk, and
have since been selling nearly 10
points under that level. The syndi-
cate that underworld the financing
is dissolved to-day, and it is under
stood that only about 60 per cent of
the loans have been sold, leaving the
remaining 40 per cent, or SIC, 900, 900,
TO be taken up by the members of the
syndicate. Municipal issues have
moved irregularly. On the weeks
operations the New York City AIS
sold up 2 points TO 107, which COM
pares with a high for the year OF
1l0h and low of 105. The AIS Of
1868, on the other hand, declined Ia
points to 1861, which compares
with a high for the year Of 110%
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-30

followed by the Interstate Commerce
Commission and by the several state
authorities that regulate railroad
rates, if the industrial progress of
the United States is to continue I'M
abated and if the problems of ma
tional defence are to be successfully
solved.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-30
and Com m e r G e

higher charges is urscientihc, out Is
made practically unavoidable because
of the necessity of acting promptly
to increase railroad revenues.
We're the carriers required to re-
adjust generally their many thou-
sands of tariffs and to select par
ticular articles and classes of freight
for higher rates, and were the com
mission to grant hearings to the
thousands of shippers affected by
the individual rate increases sug-
gested by the carriers, the railroads
would probably not secure additional
revenues before the Germans had
teen forced back across the Rhlne'
nor before the solvency of the rail-
roads had become as unstable as are
tho nresent foundations of autocracy
The prompt increase in rates Will
undoubtedly meet with some opposi-
ton. Nobody welcomes higher
freight rates nor increased expenses
in any form. 1t may be noted, how
ever. that a large share of the ship
pers and of the commercial organlza-
tons is not opposing the proposed
increase in freight rates. They real
A.. +bo roiIroads must have
larger revenues in order to MAINTAIN
the credit that will enable them to
secure the capital required to pro-
vide the country with necessary
transportation facilities. The more
farsighted shippers and business or
carnations perceive that for the
country as a whole adequate railroad
facilities are far more important
than are minimum freight rates
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-30
BY EMORY r. JOHNSON, Phi. d., Sc. d.,
Professor of Transportation and Com
merce, University Of Pennsylvania

THOR nearly a year the people OF
X the United States have been
suffering from a serious
shortage of railroad facilities. In
spite of the extraordinary measures
taken by the railroads to meet the
situation, the need for cars, ter
minals and transportation services in
general has been only partially met.
The experience Of the last year con-
clusively shows the necessity for
larger investment in railroad trans
portation facilities.
The demands made upon the rail-
roads during the coming year will
exceed those of the last
twelve months. Three patent facts
make this certain: The transporta
ton Of troops, munitions and mill
tary supplies will add largely to the
traffic Of the railroads and create an
entirely new demand for the equip
ment of the carriers. Moreover,
preference must be given military
traffic over all other tonnage offered
the railroads, the effect of which will
necessarily be to hold back and delay
the movement of commercial ton
mage. A third element in the situa-
ton is the necessary readjustment of
industry required to adopt produc-
tons to war needs. The location of
production and the currents of rail-
road tonnage must be shifted, and
transportation services will have to
be rearranged to correspond to
changed conditions of production.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-30

So far as activity is concerned,
the bond market continues to mark
time pending the formal announce
ment Of the details of the impending
government fotation, while in the
meantime prices are gradually work
ing lower on the average. During
the week Just ended transactions on
the exchange in railway and miscel-
laneous bonds fell off somewhat from
the preceding week, while govern
ment issues were more actively dealt
in. Combined transactions both on
the exchange and over the counter
were considerably under the figure
that might be expected we're it not
for the imminence of the govern
nent's record breaking loan opera
ton. Bond dealers, while by no
means pessimistic of the future, re-
ported practically no improvement in
the inquiry for first class investment
issues, and the absence Of a support
ing demand resulted in prices seek
ing lower levels. Quotations are now
the lowest in months, and there is
not much hope Of improvement until
the government war loan is disposed
Of. At any rate, bond men look for
no substantial change in the situa-
ton until that is out of the way.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-30
Needed Capital
Is Withheld

If the net returns from railroad
investments during the last hve
wears had been equal to or in excess
of the returns received from busl-
ness generally, it can hardly be
doubted that enough capital would
have been devoted to railway con-
struction to have insured at least the
normal growth of tracks and ter
minals. The fact that the capital
needed for railroad development has
not been secured, and that the coun-
try is at present suffering greatly
from the inability of carriers by rail-
to perform the transportation ser
vices needed by the public proves
conclusiveIy that the government
should allow the carriers higher
rates and increased revenues.
This action by the government
should be taken not because of the
necessities of the carriers, but be-
cause more transportation facilities
are needed to enable business to be
carried on successfully, and to enable
the government to secure without
difficulty or without question the
transportation services essential to
military and naval preparedness and
efficiency. A liberal policy must be
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-30
Why the Railroads Should Get
An Increase in Freight Rates
Not Because of Their Own Necessities but Because Greater
Transportation Facilities Must Be Provided to Insure
Military and Naval Efficiency and to Prevent
Abatement of Industrial Activity-lncrease
Should Be Based on Seective Con
scrption Of Commodities

will continue to be rendered while
the war lasts, will give the carriers
large gross revenues, but will neither
necessarily nor probably give them
large net earnings unless there is a
considerable increase in rates. The
railroads as well as everybody else
are experiencing a great addition to
expenses caused by the rise in wages,
the greatly enhanced price of fuel,
supplies and equipment, and the new
levies of taxes that have been made,
and are about to be made, to secure
funds to prepare for the war and to
carry on the conflict.
Most of the railroads in the United
States did not feel the full force Of
rising prices until the close of 1916.
The contracts for coal, rails and
equipment delivered in 1916 were, in
large part, made in 1915, or early in
1916, before prices had reached the
high tide now attained. At the
present time, however, the railroads
are paying 1917 prices for what they
purchase. Conservative estimates of
the increase in expenses Of the rail
roads for the current year run from
S4OO,O 100000 to S5OO,OOO,OO0.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-30
FINANCIAL MEETINGS

Tn. Annual Meeting Of the s,sSnvril
OF the STANDARD GAS LIontp VA /
heid At the once OF the Comsspy,
No. sos. No. 100 East 18th suss,ssSll
York city, on wednesday. May s,n,o me-
~ o'clock 81, for the electiea - W.
and the transaction Of such SiEsF
as may come before the meeting ..tseo<
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-30
DIVIDEND NOTICES
The Cleveland ! PI.t.earsh. T. = ~
OFFICE or IHhNs VI /,

0s Cleveland. O.. April 18Th ~, ",
DIVIDEND NoTIcE--The rss"R noe
,crly dividend Of iAe. on ne se<l
Guaranteed Stock. and lss on ,.ss,s a.
Guaranteed Retirement stoch 81 ,s IA =
pany, payable June LIST. 1917 wa .fscs>1
on and after that date AZ 'ns "a O.
Messrs. Winslow. Lanier - s,,dsfe[
record at the close OF business ss.urcc
1917 J. =. hLVco, -
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-30

and a low of 1861. Municipalities
are still experiencing difficulty in
raising new funds. During the last
week the city of Erie, Penn, offered
100000 of per cent bonds and re-
ceived only one bid. A small issue
was sold in Chicago at an unusually
low price to yield something more
than Az per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-30
Space Saving

importance when cars and steamers be-
come scarce. As an art it's practice is
still altogether too much neglected
The extent to which good loading would
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-30

which were the prices paid for most
cars and locomotives received In
1916. The increase in taxes can only
be- estimated; it can hardly be less
than S20,000,000 to $30,00O,0OO.
These figures are based upon price
conditions of the present moment. 1t
is probable that the expense curve
will rise rather than fall as the year
passes.
The increase of 10 per cent in
freight rates requested by the car
riers will possibly add $300,000,O0O to
freight revenues. If the higher
rates were made to apply to all
traffic without exception, the addi-
tional revenues would exceed the fig
ure just named, but the proposed in
crease cannot be made to apply with
out exception. The rates on coal,
coke and iron ore in some districts
are to be exempted from the rise.
Moreover, the increase will not ap-
ply to such items as .demurrage,
charges for weighing, for icing, and
for other special services. 1t is also
to be noted that the increase must
be so made as to avoid unreasonable
discrimination, and this will neces-
state numerous exceptions to fiat
horizontal increase.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-30

during and with the progress Of 1916
the railways of the country were I'M
prepared to perform the services de
manded by the public. A period Of
car shortage cnsued which became
severe in September, 1916, and has
not yet ended.
The gross earnings of the rail-
roads became large in 1916 and the
net revenues were also much greater
than they had been during the pre-
ceding three years. The favorable
showing as to net revenues in 1915
may, however, easily be mlsunder-
stood. The railroads sought during
that year to make their net reve-
nues as large as possible because dur
ing the preceding period of business
depression they had been drawing
upon surplus and needed net income to
restore their credit. Expenditures
were strictly limited and net reve-
nues were made to seem relatively
large because Of the postponement of
purchases. On account Of the war
it was impossible to get locomotives,
cars and rails promptly; labor and
materials for construction work were
scarce, and interest rates were high
on the capital required for better
ments and extensions. Conditions
during the last year have suggested
caution in outlay whether for pur-
chases of equipment or for starting
new construction. At the same time
the country was never in such an i'm
perative need of railway expansion
and extension as it has been during
the last year and is at the present
time.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-30
Prompt Action
Is Necessary

The theoretically best method Of
securing added railway revenues
would not be to lift rates horizontally
but to make a "selective conscrip-
ton" of such commodities and such
classes of freight as could pay in
creased rates with the least burden
to industry and to producers and
consumers. The drafting of all ar
ticles Of freight without reference TO
their ability to carry the burden Of
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-30
Monday, April so, 1917

The expected happened in the local
money market last week. Rates stiff
fened perceptibly; persons who
would borrow on time or have their
paper discounted were compelled to
pay substantially higher prices for
the accommodation. A month ago
loans based on the best Of stock eX-
change securities as collateral run
ming from sixty days to six months,
the usual maturities, could be OBJ
tanned with comparative ease at local
institutions at 312 to 4 per cent
Last week an average of AK per cent
was quoted. In the field of COM
mercial discounts, which is of more
Importance, discount rates on COM
mercial bills which ruled around a
to Az per cent in the early days Of
the current month hardened to 4% to
5 per cent. Two words express the
controlling influences in the whole
market-war financing. Even call
money has been affected temporarily
and rates in the middle of the week
went to per cent, the highest since
the peace panic" Of December.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-30

Large Gross Earnings
Are in Prospect
The large traffic that is now being
offered TO the railroads, and which
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-30
Wuv Loans

l. he Franklin Irut Company
has issued a booklet entitled
WAR Loans OF THE UNITED
STATES AND ITS ALLIES, con-
tanning a brief description Of the
principal bond issues Of the Allied
governments and tabulated analysis
of the resources and debts Of the
principal nations.
This booklet will prove Of in
tcrest to all who expect to subscribe
for the new Unned StAte5 bond5,
and copy will gladly be sent upon
request.
We will receive subscriptions for
the new bonds and attend to eli
details, without charge.