davidaulloa/AmericanStories huggingface dataset:
Norwich bulletin., 1917-02-26
FINANCIAL AND COMMERCIAL
SATURDAYS MARKET. Opened Active But Steadily Declined During the Session.

New Yorke Feb. 24.-For want of g more specific or definite reason, the
 market was generally attributed 9te latest developments across the water. The most drastic measures taken by the British government excited some apprehension in speculative circles and gave an excuse for the early Sefback,
 which ranged from to 1-2 points in shippings oils and other industrials and specialties which may be affected by the British embargo
 There was some activity at the open ing, altogether at the expense of quot ed values, but dealings dwindled stead fly thereafter. U. S. Steel, which yield ed point at it's worst, and the metals furnished their usual large quota to the meagre turnover of 154 ,000 shares. Rails were utterly neglected, except for a moderate reversal in Union Pa cific and a further recovery in New Haven.
 Short covering, which became gen. eral in the last half hour, resulted in more or less complete recoveries with substantial gains in a. few specialties, notably Pittsburgh Coal, General Mo tors. Central Leather, Pressed Steel Car. Butte and Superior and Utah
 The bank statement proved to be widely out of line with forecasts, act ual loans showing only a nominal in crease. with a small gain in reserves. " SS6 0HO u0Ws Ocdr1uS upon cial and mercantile conditions referred more directly to traffic congestion and the inability of manufacturers to ob- tain raw materials. Purchasing power also suffered some curtaiHment by req son of the greater living costs.
 Another break in Italian exchange, with fires at 7.43 was the only inci- dent in the market for foreign remit tances.
 Bonds were irregular, mainly in con- sequence of a further shading of the international group. Total sales, par value, aggregated $1, ,565, ,O00.
 United States fours and Panama threes advanced 1-2 per cent. on call during the week.
Norwich bulletin., 1917-02-26


 NEVER, since the Civil War has the price level in this country shot up with such prodigious speed as in the last few months. The excitement of the present war at first made us forget our anxiety about the high cost of living" But recently the war itself has re-introduced the problem and re- aroused our interest in 1t. In Europe the price levels of various countries Professor cassel of Sweden found that by April last, prices in Russia had risen since the war began by 165 per cent, in Germany, III per cent, in France, S7 per cent, fin England 66 per cent and even in neutral Sweden, 46 per cent. The price level in the United States had at that time risen, accord ing to Dun's Index Number, only 19 United States have continued to rise until they are now 40 per cent. more than before the war. Undoubtedly European prices have continued their much sleeper ascent.
 The price level depends on certain fundamental factors: the quantity of money, the superstructure of credit built on this money foundation, the velocities of circulation of the money and the credit, and the quantity of goods brought to market.
 These are the only proximate causes. Myriads of other cauSes-war, tariffs, antitrust laws, trusts, trade unions, gold discoveries, rapid transportation, shortened hours, advertising, waste of natural resources, etc, may affect the high cost of living. either upward or downward, but as I have shown else where, these causes are anterior to, and act only through, money, cpedit, velocities, or goods.
 To the question, which of these fun damental factors is, or are, responsible for the sudden uprising of prices in the last few months. I would reply that the chief causes both abroad and at home are CD growing scarcity of goods and CD growing abundance of money. Apparently the more import ant of these two is, even in Europe, the growing abundance of money. To put it in a nutshell, the whole world is now suffering acutely from war in- flation. In belligerent countries, this imitation has been chiefly in the form of paper money issues, while in neutral countries it has been chiefly in the form of gold imports. The gold flow ing to neutral countries, like Sweden and the United States. is gold dis placed by paper money in belligerent countries and attracted to neutrals be- cause the belligerents could not export other goods than gold.
 Professor Cassel has shown that, in
Norwich bulletin., 1917-02-26
CLEVELAND PAYS s15,ooo
 FOR SMOKEY JOE
Former Red Sox HurIer Returns to the
 Game After Years Rest.

Joe Wood. who because of salary differences refused to play with the Boston American league club last year, was sold to the Cleveland American league club by Boston today for $15,- 900.
 It was a straight sale and other players were involved. Robert McRoy, business manager of the Cleveland club, came to New York and made the deal with Harry H. Frazee. the new Boston owner. Wood will go to Cleve- land Monday to sign a contract. He has not pitched since 1915, when he was troubled with a sore shoulder which caused the differences between him and the Boston management.
 Woods remarkable pitching in 1912 helped the Red Sox to win the Ameri- can league pennant, also to whip the Giants in the worlds series. He won 34 games and lost five, but in 1913 he discovered that his arm had lost its strength. Yet when his contract ex- pired he refused a cut and turned down an offer of s5.000 for 1916. As the Red Sox would not yield an inch Wood remained idle He maintains that the rest was benefit and that he can display his old effectiveness. Wood will be 28 years old in October and has been in the American league since 1908. If he makes good the Clevelands should be prominent fac tors when the pennant race ends next fall
Norwich bulletin., 1917-02-26

country, the price level and the cost of living in the United States Urlll rise as a consequence. On this balig we may roughly forecast a probable further rise of prices in the immedl- ate future for our money fin cirCulr- ton is still increasing.
 Bankers should take an especial iua terest in the causation SO plainly ll- lustrated in these two sets of curves. although as yet there is almost up realization in this country that Te are suffering from a gold deluge. Il is significant that Sweden has alre1dU taken a radical and epOch-malciug step toward protecting hersen from the flood of gold, namely by 8topp.ur its importation, through refusal Of the State Bank to accept it in payment for its notes at the former legal rate.
 I shall not attempt here to elaborutc my own view of the appropriate rcur- edy-"stabilizing the dollar" by Cvir- tually) increasing it's weight from time to time to offset the depreciation of gold. I hope within the year tr publish a book on the subject. may take this oportunity, however. tn say that have recently received sev- eraI letters. including two from prom inent bankers. expressing new Inter est in this proposal.
 If there were space ] would dll- CUES the problem Of the super structure of credit and the importance of avoiding, by keeping up the ratel of bank discount, its too rapid growth. Otherwise the rise of prices win Toe apt to end in a disastrous crigss
 At the close of the war there wIl undoubtedly be a great revival of In- terest in the problem Of money nnN monetary standards. Thl8 WlI hr
 to the paper money rre1tnrrIr abroad and the gold predicament lel-.
Norwich bulletin., 1917-02-26
EAST SIDE ITEMS
Patriotic Exercises at Bridge School on Washington's Birthday - Mrs. Lucy Bromley Active at 61.

An interesting program was carried out in the Bridge school Washirgtor's 5 Birthday. All the grades assembled in follows: Song. Mt. Vernon Bells. by school: reading, Life of Washington. Beatrice Freeman: George Washing ton, Edward Antoof1an. George Turner. Chester Pike and Ellsworth Geib; Something Better, Helen Dcnnison: Iris Splendid to Live So Bravely, by grades five and six; Battle Hymn of the Republic. school; A Loyal Little Day, Anne Rarron; Arostic Washing ton, grades three and four; February Twenty-second, grades one and two;
 George Washington, Joseph Holland;
Norwich bulletin., 1917-02-26

Starting with a small percentage of the players, William Donovan. the manager. led the march of the Yam kees to Georgia Saturday afternoon, vania station, where the party entra1n- ed for Macon. the training camp.
 Those who left besides Donovan were Captain T. L. Huston, part own ing for ball players; Harry Sparrow, business managers three playerS-Ray Caldwell, George Mogridge and Alex ander Ferguson, all pitchers-Charley cubs trainer. James Duggan. Several newspaper representatives accompan- led the little squad.
 Giants Bound for Marlin.
 Awaiting at St. Louis the first squad of the New York Giants who started Texas, Friday morning. were players Tesreau. Witter. Holke. Shefner. Rit- ter, Josefson, Bars, Morisette and Middleton. Corcoran joined the first Buffalo. With the men who. left New York, McCarty. Sendberg. Kocher, Way. vinal. Schupp. Smith. Harschar. Stryker. Schacht. Hoyt and the rest of there will be more than SC players and others who will invade Marlin this af- ternoon. They will be joined by more ployers who went to the training camp squad are regulars-Tesreau. Schupp. Kauff. McCarty. Holke. Benton and Red Murray.
 Drill sergeants Accompany Teams
 Expert drill sergeants of the United States army will accompany the eight clubs of the American League to spring training camps as military in- structors if application to be made to government officials by B. B. Johnson. president of the league, is granted. MT. Johnson. in making the announce ment Saturday, said Captain T. L. Huston, one of the owners of the New York club. had suggested that fur loughs might be granted these ser geants to permit them to go with the teams. The club owners, MT. Johnson
Norwich bulletin., 1917-02-26
ANNUAL INDOOR SHOOT
 OF NATfNAL GUARD
To Be Held During the First Three
 Weeks in April.

The fouSfth annual indoor rife match for organizations of the Con necticut National Guard will be held during the three weeks from April 2 ~ April 21. Each organization will shoot the match on it's own indoor range and each company of Coast Artillery, Infantry and Troop of Cavalry armed with the rifle will enter a team of ten principals and two al- ternates.
 To the orga anization of any claZs making the largest aggregate score suitable prize will be awarded and to each principal medals will be given. Prizes will be also awarded in each of three classes. The shield for the state indoor regimerraI or coast defense competition will be awarded to the regiment or coast de- fense company whose average score is highest.
Norwich bulletin., 1917-02-26


 Unless a Pawcatucl suspect ca1se fs diagnosed as smallpox, the school of Stonington will resume sessions today. MT. LittlefieId has introduced an act in the house 02propriating $3.000 for the reconstruction of a highway in South Kingston.
 William CruInb, died at his home in Saturday, in his eighty-fifth year He leaves son. George Crumb. An adjourned session of the super for court for Washington county will convene in Westerly Tuesday. Twenty seven cases are assigned for trial
 The Fifth company, Westerly, re- quires forty more recruits to bring the command up to the baximum. There is lots of patriotic talk in Westerly. Dr. E. c. Bass. of Providence, was the speaker of the union service in Calvary Baptist church Sunday evea- ing. Topic. Conversion, was based on the text from John 3-7: Ye must be born again.
 The Rhode Island senate Judiciary committee has voted to report favor sett Electric Lighting company, of which the Westerly Light and Power company is subsidiary. to increase it's capital stock from 5000 0to SIP, 900.
 The Industrial Trust company, Rhode Islands biggest bank. with a excess of s6s. s.OoO. .o0o and total net de- posits of about s5s, s,0o0,00O. The latter is an increase of more than S3.o00, coo during the past year. Its surplus and profits of more than $4.297. GOO are far above it's capital stock.
 Bail of $o.000 was dcfaulted in the case of Harry A. Chippendale when his case was called in the South dis trict court, Providence. He is charged with false pretense in connection with jitney bonds, and the bail was fur nished by Mary F. Moulton. A copius for his arrest was issued. Chippen- dale has a crime record in eastern Connecticut.
 The highway commissioner has made public the report of the bureau of public roads of the federal department Of agriculture, prepared by an expert who visited Westerly last July. The sum of $60,00O is recommended for the budget of 1917. which will place the highways in good condition, and after that the sum of $20,000 annually is recommended
 Resolutions have been adopted by the Westerly town uounciI and West erly Board of Trade, urging the pass- age by the general assembly, the bill pending which provides for alternate sessions of the superior court for Washington county. The matter will be given a public hearing Tuesday. It is understood that the towns of South Kingston and Narragansett, are op- posed to regular sessions of the court in Westerly.
Norwich bulletin., 1917-02-26
WHY ICE PRICE
 MAY GO HIGHER Labor and Material Cost More This
 Year.

The price of ice will probably be raised this year to meet the in creased cost of production. ice deal CTS say. says the Hartford Times. They are unable to state what the price will be. as it will not be fixed until March 1. nor are they willing to say definite ly that there will be an increase. The present price is >25 cents a hunrded pounds for the large orders of stores and 40 cents a hundred pounds for family use.
 In the past year the cost of har- vesting and delivering the ice has advanced ore-third, it is said. Es- inmates of the cost for one ton can- not he obtained, as the figures have not yet been complied The labor cost. the principal item in harvest ing, has advanced from F 1-2 and 20 cents an hour to 25 and 30 cents
 The cost of delivery has ad- vanced at the same rate. Oats have gone from 42 to 45 cents a bushel to 90 cents. Buffalo feed now costs s4s ton. as compared with BPS last year. and molasses feed $44, as compared with $26. The cost of harness and of wagons has advanced about B per cent The 'seuIea s5pnf 6q p9SIeuosIp sBM sIInS about SIP a week for a driver to $15 a week.
Norwich bulletin., 1917-02-26
rwo Reeord, lRroksn.

Two college records were broken on Saturday afternoon khen Wesleyan de- feated Amherst swimmers by a single point. the final score being 27 to ss in favor of the Red and Black.
 Amherst won the relay race. while Cowies took first place in the 220- yard swim for. the visitors. -af -s
 Captain Turner broke the record made by him last year in the 40-yard swim, doing the event in 19 s2-5 sec- onds, Instead of 90. flat. as before. Bar roVE nzaae =5a feel .ta. khe plunge e, compared with the Former record bf 57 feet.
Norwich bulletin., 1917-02-26

His chart, copied herewith from Journal of the (British) Royal r. homie Society, shows thlg very clear indeed.
 have constructed correspond curves in this country, one trncinr quantity of money in circulation fI the money in the United State orlr of the United States Treasury arl others Dun's Index Number of ulIc." These also show e striking aaHr elism, especially after the war boa when imitation became the dom.n U. factor. We can in fact trace Che cio resemblance between the two curu almost point by point and can 1cl ... monetary cause and the price en This lag ig usually between two and three months. That iH. within two ar three months after gold enters Ono
Norwich bulletin., 1917-02-26
CARPENTER JOINS RANKS
 OF THE HAS BEENS
Frenchnaan is Slow In Actions and
 Lacks Endurance.

Cigarette smoking, life in the trenches and wounds received in ae- ropIane combats, according to recent reports received from Paris, have made the condition of Georges Carpen- ter such that he would have trouble getting into condition for a real bout inside of six months. A recent inter view from United Press representa- tive in Paris quoted Carpenter as say ing he would not be able to fight in this country within four mont%5.
 Carpenters appearance, while os- tensibly for the purpose of raising
Norwich bulletin., 1917-02-26

visiting in Jewett City Thursday.
 John F. Ford is removing hiG tooI1 from the fee pond on Fox Hii1. The houses being filled to capacity with fine ice.
 A number of East Side people al- tended the Washington supper iu thc Central Baptist church Thursday sv- ening.
Norwich bulletin., 1917-02-26
GOVERNMENT PLEASED WITH
 RESULTS OF RIFLE TOURNEY
One Hundred and Fifty Men at Tar gets at One Time and 15oo Shot Away so0.ooo Rounds of Ammuni- tion in IS Days.
By Peter F. Carney

Editor National Sports Syndicate
 When the United States government of IS men each to the National Rifle Association tournament in Florida re- gently it brought home the idea of preparedness most wildly. These Union and Alaska and they shot away 800, ,0e0 rounds of ammunition in Is days. This is an average of one shot a minute on every one of the 159 tar gets for every 4 hours of the shoot.
 The Florida rife range is the second largest in America It is eight miles south of Jacksonville and comprises 100 acres of level ground. There were about 1500 rifle shots in the camp, ci- shot at a time. The 15o targets were arranged in sections Of 50. and were at three distances. 200. 500 and 100 yards. The firing was to the north and the bullets after passing through their way into the woods.
 The shooting began at e.30 every and continued until dusk. Naturally it was quite 2 mixed coll daily. There was the trim easterner, all business. who entered the spirit of rifle shooting as he would his own business. Then there was the west Ssess Sreesy @ and with a glad hand for srsus: sv. eryone. He took everything in a mat ter of fact way-and shot we'll, too.
 There was a chap from Juneau, Alaska, with a heavy gold chain stud ded with natural nuggets, and he told stories of Alaska fin which there was more truth than fiction. All in all it oflcers assert that the result justffes the conducting of the event. The men home and carried the gospel of preparedness. rifle and other kinds of shooting with them. The Florida did more to popularize rifle shooting than anything that has been done in America in years.
Norwich bulletin., 1917-02-26
MURLINS GETTING BUSY
 FOR COMING SEASON
Send Out Contracts to Squad of 17 and Expects to Have Men all Signed Up March i - Manager Murphy Looks For Fine Season.


 The first important step in the de- velopment of winning New Haven baseball club taken Saturday night when Owner James Collins sent out F contracts to his players and nov awaits their return. All signed con- tracts must be in his possession on March 1 or they arc not valid. Almost all of these men were signed last sea- son and it is expected there will be no trouble regarding the signing this year.
 Danny Murphy. the former star of the Athletics, and who managed the New Haven club last summer and incidentally played second base ir emergencies, visited Owner Collin early last week and affixed his sig nature. Then he went back to his home in Norwich and will return Of and on until the regular time set for reporting. which is May 1.
 Danny Murphy. in speaking over the home @ here said Saturday night: HE
 .'T can't say great deal about the baseball situation now. With the eight club proposition in effect this sum- mer. that's going to make a big hffer- hns has sent out the contracts. ] signed up early last week. The report ing date should find a likely looking flock from which to build a good team and I shouldn't be surprised if old New Haven was right up at the top all the time.
 aT am feeling fine, but do not think I will play much this summer. My knee still bothers me but not so much that I can't play, but Owner ColIins wants me to direct the team from the bench and I figure to spend about alT my time there. New Haven has wanted a good bah club for several years and this year I think the place will own one."
Norwich bulletin., 1917-02-26
WESTERLY AND VICINITY
Recent Real Estate Transfers Chcenpox and varolod cases-Death of William Crumb, s4EHsrry A. Chip pendale With Eastern Connecticut Criminal Record De faults $2,O00 Bail

These deeds of transfer of real es-
 tate have been recorded in the office of Everett E. Whipple. town clerk of
 Westerly, since last reported in The
 Bulletin: Giuseppe Gallucio to Maria
 Rose Gallucio. undivided one-haif in
 terest in house and lot with side of
 Pleasant street; Henry F. Hughes ct al to Theodore P1umm. lot west side East avenue; B. Frank Clark to Max Novogroski, two lots north side Att lantic avenue. Pleasant View; William
 Mfnchen to Louis Si1yerstein, house and lot east side Main street; Frances C. Griscom to Ethel Burnet. right of way near Misquanicut Golf club; Cur tis F. Kingsbury to Ethel Burnet, lot adjoining Misquamicut Golf club; Cur tis F. kingsbury to Ethel Burnet, lot near Misquamicut Golf club; Jesse Wilkes to Sarah J. Wilkes, house and lot East Side George street; Franklin D. Lawson to Olga Brings Seyerina i've lots at Musicolony; Franklin D. lawson to Margaret Reyes. two lots at Musicolony; Phebe W. P. Buffum to Arthur L. Perry. lot adjoining land of grantor: Charles D. Livingstone ct al. to Hobart T. Livingstone. ct ux. house and lot at School and Spring streets; Daniel H. Hall ct al to Albert T. Hall ct al. land adjoining River Bend cemetery, lot adjoining Rose house, and lot adjoining land of Ed ward B. Kenyon; AlZada Saunders to Carrie L. Saunders. lot north side At lantic avenue.
 There are several cases of alleged chicken-pox and some varieIoid in Westerly, sbut it is still an unsoIved question whether there are any cases of real dangerous smallpox. Lyman Edwards of Old Lyme who is sick with smallpox states that he contracted the disease in Westerly and not in Ston- ington, as was at first stated. He had been visiting in Westerly and not in Stonington. From the same source where MT. Edwards contracted the dis ease, whatever it is. at least one other has been in contact with the same per sons as had MT. Edwards has some eruptive disease, that one physician believes to be chicken-pox; another is of opinion that it is smallpox This later case was reported to pr. Cong don, health officer of the town of tSon- ington, and after investisation he made report to Dr. John T. Black, sec retary of the Connecticut state board of health. and it's executive officer. asking him to come to Pawcatuck and the case.
 Just as soon as Dr. Congdon learned der Quarant;nue. and he is satisfied that this mans disease and that of MT. of Old Lyme. are identical The Pawcatuck man is employed at the Cottrell plant and was at his work all last week. and just as soon as he noted the eruption he reported the condition to a Westerly physician. He was not sick, but was anxious to know just what the eruption indicated, for
Norwich bulletin., 1917-02-26
MONEY.

New York, Feb. 4.-Mercantile pa- per 4@z 1-4; sterling, 60 day bills 472, commercial SO day bills on banks 472, commercial 60 day bills All 3-4, de- mand 47540, cahSes 4.76 7-16; francs, demand 5.s5 1-S, cables 5.S4 1-s: marks, demand 6s 1-S, cables 6s IA; kronen. demand HOS, cables 1112; guilders. demand 90 1-2, cables 40 9-16; fires, demand TAI, cables TAO 1-4: rubles, demand 1885, cables 2s.45: bar silver 77 3-s; Mexican dollars 5s 3-4; government bonds weak; railroad bonds irregular.
Norwich bulletin., 1917-02-26
FIVE HAVE NOT
 SIGNED WITH PITTSBURGH
Signature to 1917 Contract-Drey- fuss Not Worried Over Delay.

Pittsburgh. Pa. Feb. 25.-Five mem bers of the Pittsburgh National league baseball club have failed so far to sign their 1917 contracts. according to an announcement by President Barney Dreyfuss. Among them are Honus Wagner. the veteran shortstop. and Max Carey, star outfielder. Wagner seldom returns his contract until sew eral days after the players depart on the spring training trip, so President Dreyfuss does not view his delay with concern