davidaulloa/AmericanStories huggingface dataset:
French Broad hustler. [volume] (Hendersonville, N.C.) 1916-1919, 1917-10-11
POLICE FIND 10 QUARTS BOOZE.
Raid House at End of North Main st.
No Arrests Are Made.

Policeman Garren found ten quarts
of liquor at the home or a negro at
the end of North Main street last night
when he made a raid in that section.
No arrests were made, but a strict
search is now being made for the
party to whom the whiskey belonged.
French Broad hustler. [volume] (Hendersonville, N.C.) 1916-1919, 1917-10-11
FEB ARLEDGE SELLS HOME.

Property on South Main st. Changes
Hands at God Price.
Zeb Arledge has sold his home on
South Main street to a minister from
soewhere in Georgia, who will live
here with his family.
French Broad hustler. [volume] (Hendersonville, N.C.) 1916-1919, 1917-10-11

FOR SALE-At a Bargain-a First
class Franklin stove, slightly used.
Phone 253. 1O-11-1tc
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-20
The Sugar Shortage

The shortage of sugar supplies in
this section is due largely TO the
heavier Cuban sugar shipments 20 Eu-
rope. according TO Frank c. Lowry, sales
manager oe the Federal Sugar Refining
Company.
Current stocks of sugar in the
United States and Cuba together" said
Mr.. Lowry yesterday, amount to &c.
O32 tons, as against 200,s44 tons at this
time last year, a decrease Of 1882
tons. This explains the existence OF
the highest prices for sugar since the
Civil War, and the shortage Of stocks
is explained by several factors. The
most important is the export to date
by Cuba OF 263.Gi7 more tons Of sugar
90 the United Kingdom than in 1916
and 207 ,543 tons less to the ports OF
the United States north of Hatteras.
u equipments to New Orleans increased
s4.SS4 tons, and the new Savannah Sugar
Refinery az Savannah gave that port
gain Of 1882 tons. On top of this,
consumption of sugar in the United
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-20
Finance Economics
WALL STREET OFFICE Tesphonst
Mills Building, 10 Broad St Hanover 6h
the price Of everything and Of really
depressing the value Of a country's
Telephones
Hanover @1l

the price Of everything and Of really
depressing the value Of country's
money, in particular its fiduciary
circulation.
"That is undoubtedly what is hap
pening with Great Britain, ourselves
and the other Allies, and there is
not complete satisfaction in know
ing that it is happening to a far
more serious degree to Germany and
her allies, the German mark being
worth scarcely 80 cents on the dol
lar in the neutral markets, and the
Austrian krone being down in COM
pany with the Russian ruble. The
Allies and ourselves have not yet
apparently made any attempt to off
set the big balances piling up
against them, which will make their
war materials cost much more than
they ought to cost. 1t seems un-
likely that we will go on much fur
Their without creating buying credits
in the neutral nations In some one
Of several feasible ways, to keep up
the value of our money in trading
with them"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-20
British Treasury
Bills Sold on a
Per Cent Basis
First Issue of Notes Put Out
by j: P. Morgan & Co.
Due Tomorrow

The sale of ninety day British Treas
ury bills in this market was resumed
yesterday by ]. P. Morgan & Co., as
agents of the government of Great Brit
ain. The rate established on this
weeks offering of 100000 was per
cent, an increase of per cent over the
last previous offering made just before
the second Liberty Loan campaign was
launched.
When the Morgan firm began offering
these bills under authority from the
Treasury. Department. three months
ago, it was stipulated that the offer
ings in any one week should be limited
to $4,000, 900, and that the total out
standing at any one time shouldd not
exceed $150,000,000. =.
The first S15,00O,000 instalment OF
the bills natures tomorrow. While
applications for the new Offering were
received yesterday, the notes Will be
dated as of to-day, so that their ma
turity ninety days hence will not fall
on Sunday. The purpose of these OF.
ferings. as announced at the time OF
the sale of the first s15,0OO,OO0 block
of notes, is to retire call loans obtained
by the British government IN TINS
market.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-20
Industrial Growth
Shown by Exports
Value of Manufactures Sent
Abroad This Year Quad
ruples That of 1914

Wonderful development Of the coun-
try's industries is indicated by the ex-
ports of manufactures in 1917. COM
pared with the figures for 1914. accord
ing to the National City Bank. Manu-
features exported in the nine months
of 1917, for which figures are now avail
able. are more than four times as great
in value as in the corresponding months
of 1914. Finished manufactures ready
for consumption exported in the nine
months ended with September, 1917,
amount to s2,O63 100000 against 1885,
100000 in the corresponding months Of
1914. Manufactures for use in man
ufacturing are $685.. 100000, against
1852 .OOO, 900 in the corresponding
months of 1914. Thus the total OF
manufactures exported in nine months
of 1917 is s3,O2O,OOO,OOO. against s72s,.
OOO. 900 in the corresponding months or
1914.
while this large increase" says
statement prepared by the bank, "oc-
ours TO a great extent in strictly war
material. it also applies to large pro-
norton of the classes of goods pro-
duced by our manufacturers. Iron and
steel manufactures as whole, for eX-
annie. show a total export value in
the eight months ended with August,
1917, of $803,767 900, against Sl40, 246,-
600 in the corresponding months OF
1914, being thus six times as much In
value in 1917 as in 1914. Manufactures
of cotton show in the eight months
of 1917 total exports, S9l,9O7 900,
against S34,02S,000 in the correspond
ing months of 1914, having thus a
little more trcbled in value of exports
in the period in question. Cars and
carriages. including in this term
freight and passenger. cars for rail
ways. automobiles both freight and
passenger, aeroplanes, motorcycles and
bicycles show a total for the eight
months of 1917 of 11,073, 900, against
$50 1861 900 in 1914, having thus nearly
quadrupled in value in the period
under consideration. Copper of all
sorts exported in the eight months OF
1917 was S249, $4,000, against sS9,713,-
900 in the corresponding months OF
1914, having practically trebled In
Ndlue IN lUe NHIct-y year pcIlOus bSabhNA
and manufactures thereof more than
doubled in the period in question, hav-
ing been in the eight months of 1917
$76,303 900, against S35,49l,0O0 in the
corresponding months Of 1914. Paper
and manufactures thereof exported in
the eight months of 1917 amounted to
$26, S4l 900, against $13,337 900 in 1914.
Tinplate showed a total in 1917 of
$24,211 900. against s2,950,000 in the
corresponding months of 1914. Re-
fined sugar, which has seldom formed
an important factor in the export
trade, showed for the eight months Of
1917 exports amounting to S4s,42l 900,
against $2S95,000 in the corresponding
months of 1914. The wood and lum-
Der industry is apparently the only one
of the great manufacturing industries
which has not prospered as a result
OF the war, the total value of wood and
thereof exported in the
eight months of 1917 having been but
SAL ,s32 900, against $6l ,279,000 in the
corresponding months of 1914"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-20

Yesterdays session on the Stock
Exchange was the most interesting
one in more than a week, though
the interest all centred in the last
of fifteen minutes of trading. Up
to that time dealings had been in
small volume, and with the excep-
ton of a rather sensational break in
Delaware & Hudson, stocks had
f1uctuated within narrow limits,
with the tone rather strong. About
a quarter of an hour before the
close, however, the market assumed
a decidedly animated appearance,
especially in the railroad section Of
the list. Prospects for early relief
in the form of higher freight rates,
certainty that the brotherhoods will
not strike, reports that the govern
ment will adopt Mr.. Amster's sug-
gestion to advance funds to the car
riers, and the fact that. for the time
being at least there is no pressure
to sell the rails, made the outlook
for the carriers seem rather more
favorable than 1t has been for some
time, so that some Of those who had
gone short 81 railroad stocks, in
anticipation Of a further decline in
prices, decided to buy back. They
Unexpectedly found the market in
an oversold condition and in the en-
suing scramble to cover prices were
run up rapidly-almost sensation
ally In some instances. One broker
had stop loss order on Union Pa
cifc at 115%, but the stock climbed
so swiftly that he was unable to get
it at that price, though it had sold
under 113 short time before. This
issue, which led the advance, sold
as high as 11713 and closed at
116H, but when the gong sounded
the end of the days trading the
offering price of the stock had
jumped to 120. The upward move
ment of other railroad stocks was
not so pronounced, but most Of the
active ones gained a point or more.
Apparently a large short interest
had been built up in spite of Of
fetal supervision Of such transac-
tons.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-20
Money Goes to
5Per Cent; Pool
Stops Lending
High Rate for Call Loans
Expected to Attract
Outside Funds

Call money on the Stock Exchange
rose from 4 to 5 per cent late yester-
day, the highest rate touched in more
than a month. This movement coin
cided with reports that the so-called
money pool" formed by leading Wall
Street banking interests to stabilize
money rates during the trying period
of the Liberty Loap campaign had
ceased, for the time being, to take an
active part in the local money market
Inquiry made in banking circles yes
terday following the rise in the call
rate developed the fact that the bank
ing interests behind the S2OO,OOO,OOo
money pool are not disposed to put out
additional funds at prevailing levels,
inasmuch as the strain arising out OF
the second Liberty Loan campaign has
passed. It is understood, however, that
the pool still stands ready to step into
the call money market and prevent any
squeeze such as might conceivably oc-
cur. Early in September, when the
pool became active in tho money mar
ket, it was asserted that the bankers
were prepared to keep rates from going
above per cent. That has been &C
complished, and all during the, fiots-
ton of the loan, in October, the call
rate at the exchange was kept at per
cent, and lower at times.
The money pool, it is understood, has
during the course Of its brief existence
as a money market aid put out upward
of S135, 100000 in loans i'll this market.
1t has at its disposal S200,O0O,OO0 TO
draw on in the event of emergency.
In the call money market at the
Stock Exchange yesterday S20,00O,OOO
was loaned. OF this Sl3,0O0,O00 was
placed at 4 per cent and S5,0OO,OOO at
) per cent. The rise in the rate came
in the closing hour and a half, when
the banks suddenly withdrew their Of
ferings at per cent and asked o per
cent.
The opinion was expressed in bank
ing circles that probably one of the
purposes of the sudden rise in the call
rate was to attract banking funds to
New York from the interior, thus re-
lieving to some extent the pressure on
local banks.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-20

An interesting feature of the
sharp upturn in stocks was that it
conceded with an equally sharp rise
in call money, which was advanced
from A per cent, where it has been
"pegged" for about month, to 5
per cent. Ordinarily this might
have caused some selling Of stocks,
but its influence as a market factor
was offset by the excited buying of
the Shorts" 1t is hardly likely
that there would have been much
response to the change in the call
rate, however, because the Specula-
tive position on the "bull" side of
the maket is not large. Wall Street
will not worry much about money
as long as the money committee
carries out its intention of keeping
the price, for call loans at 6 per cent
or lower. Bankers do not expect
the rate to 90 much above 8 per
cent unless trading on the Stock
Exchange should become decidedly
more active than it has been for the
last week or ten days.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-20
Dividends

Ohio Ou.-Regulsr quarterly diy1e -. :
Sl.25 and an extra Of $40 paysol. z
Der 20 to stockholders Of record No'e"''
Erie & Pittsburgh Railroad. RegolM n
terly dividend Of = per cent p<y No.
cember 10 TO stockholders OF recoru Wv
Der 80. ,,...I
Moline Plov.-RegulAr quarterly dr -.
of Ia per cent on the first prefere' -.
PAYABLE December / TO stockholders Oh ''N
November II. ,..,
White Motor.-Rssulsr quarterly WV
OF 81 E share. IS
s.H. Kre.s-Regular quarterly di'ioss,.
~ per cent on the preferred stoek r.
January / to stockholders OF reco''
Der 20.
Hackenssck water.-Regulsr sen' ~
dividend of per cent on the oo,. - sd,
preferred stock, payable Deceriper
holders of record November 20
Mobile & Birmingham Railroad ~
semi-annual dividend Of per cen. ~ 49,
preferred stock. payable January ! % ,Es
holders Of record December /. D0'A
December I and reopen January - -,
Philadelphia Eleetrie.--Regular go
dividend of q per cent paysole %
to stockholders Of record November 90
Alberta Pacific Gr.in.--EHtrs dlT,as .
is per cent, payable in the Victory - ~, sr,i
addition TO the regular dividend OF pa
for the year. ..,
PHILADELPHIA. Germantown %jS
Rsilrosd.-Usual quarterly dividend Of
cent, payable December I.
indianapolis Street Rzilvsy'-Usis jsrs
annual dividend Of per cent ps'~'
AIRY |. S<,b
Chestnut Hill Railroad. Regular ~
dividend OF / = per cent, payable
to stockholders Of record November .,s
Northern Ohio Electric. -Regular ss.sssrrr
dividend Of Ia per cent on tns sLs,r 4
stock, payable December / TO stoeA'V
record November 20.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-20

Wide fluctuations in the foreign
exchange market, such as have been
witnessed recently, theaten to dis
turb seriously American export
trade. AS "The Americas" points
out, the rise and fall of the foreign
exchanges ordinarily is confined to
small fractions Of l per cent of the
money involved, whereas of late
overnight movements have occurred
that are six hundred times the
normal fluctuations. The wide
differences in values" the publica-
ton states, "are, of course, primari-
ly due to the abnormally great bal
ances of trade that nations are hav-
ing in commerce with each other.
In times Of normal commerce no
two nations ever ship to each other
exactly the same worth Of mer-
chandise. But the differences have
never Before been as great as they
are right now, as a result Of lack Of
ocean transportation, regulation by
different nations of their exports
and imports, and the financial ar
rangements between Allied bellig-
erents by which they sell each other
on credit and so have not anything
with which to settle enormous bal
ances In trade with neutrals, who
expect 10 be paid at once for the
goods bought Of them.
"This obviously is a serious de-
velopment," "The Americas" con
tinues, because. "when a country's
money is depressed abroad on the
exchange markets it works out in
trade that foreign buyers Of the ex-
ports Of that country have TO pay
more in their own money for 'ex-
change used in settling the bill than
they would have to pay for the same
goods, sold at the same price, by ex-
porters Of another country whose
money is not depressed as much.
II becomes that much Of handicap
TO foreign sales, though the exporter
gets the value Of his goods. All
importers Of country whose
money is depressed abroad have TO
pay more in their own money for
what they import. And thus de-
preston Of foreign exchanges has
the mechanical effect Of making all
imports :ost more, finally Of raising
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-20
Norwegian Bankers
Buying British Notes

Norwegian banking institutions have
in the past few days bought consider
able amounts of United Kingdom of
Great Britain and Ireland So per cent
notes in this market. One bank alone
is said to have taken as a short term
investment approximately $l,000,O00 OF
these notes. which run from one TO
three years.
Bankers TO whose attention this de-
velopment was brought yesterday at
tached some political significance to
the purchases, pointing out chat IL in
dicated for one thing that important
Norwegian interests apparently do no,
fear being drawn into the war on the
side OF Germany. as has been reported
Of late. Norway, 1t was pointed out,
Is strongly pro-Ally.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-20
Liberty Bonds
Sell Down as
Deliveries Begin
Full Paid Subscriptions in
This District Amount to
1881, 9l9,866

With the beginning of deliveries OF
the new Liberty Loan 4 per cent bonds
through the banks yesterday offerings
of those securities increased material
ly on the Stock Exchange, and the price
continued to decline, falling to 81, or
a discount Of SO per 500 bond. Sales
at the low quotation aggregated $780,
600. but with a subsistence Of selling
pressure the quotation rallied to $3.50
at the close. Altogether, about ST.
eO). 600 Of the 4 per cents changed
hands.
The 3ls per cent issue was also
weak, selling as low as $500, decline
of about y point, on transactions ag-
gregating in the neighborhood Of
s1,175,OOO.
Many persons, it was said in banking
circles, bought the IS out Of patriot
ism and intended to sell as soon as
deliveries were made. The az per cent
loan, bankers said, was in good demand
from wealthy investors, owing to the
tax exempt feature.
How Payments Were Made
Out Of a total of SEAS, 239 $50 paid In
to the Federal Reserve Bank of New
York on account of the last Liberty
Loan subscriptions in this district,
.ssl,91s,866 represented payment in
full for the bonds, according to an
announcement made yesterday. Pay
ments received in full by banks amount
ed to sSo7,S5S,486. OF the total pay
ments made to date S6s7,7i1,746 was
in the form of book credits; s15S,972,-
600 in Treasury certificates of indebt-
cdness and $1O7, 526 ,234 in cash.
Against the subscriptions a total of
Sl,O62,91S individual pieces have been
delivered, for a total value of $685.
S93,S50. That the loan was popular
with the small investors in this district
Is seen from the fact that the total of
bonds in $50 denomination delivered
aggregated 569,635, with face value
of s2S,4s1,75 OF bonds in 500 de-
nomination 337,o46, Of value Of $685.
704,e00 have been delivered. The fol-
lowing table shows the form and
amounts of the deliveries of the 4 per
cent bonds made so far:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-20
Relevant Facts
Revenues of Telephone Companies

Revenues of Telephone Companies
Operating revenues of sixty telephone
companies for the month Of June, as
compiled by the bureau Of statistics Of
the Interstate Commerce Commission,
amounted to 26,S29,s41, an increase of
s2,7s0,414 over the corresponding
month Of 1916.
Expenses consumed sl7,89s,6Sl Of
their total gross, or s2,366,O73 more
than in June, 1916. Taxes required
S1.6Cs. 769, an increase of 1856, 489.
Taking into account these deductions
and minor items, the operating income
of the sixty companies for June last
was S6,704,018 a gain Of $685., 64o over
the previous year.
The number of company stations in
service at the end of June was 7,437,-
578, against 6,847,646 at the close of
June, 1916.
Curtiss Aeroplsne and Motor.-Gross
sales of the company for the nine
months ended September 80 totalled
S9,95O,2 divided as follows: Aero.
planes, S6,5SS,sO6; aeroplane parts.
81, 433, 101; motors, s1,4O5,6S9; motor
parts, s495,715; miscellaneous, $685.
$50. After allowing for discounts, com
missions, manufacturing costs, selling
and general expenses, there was a bal
ance Of s1,94s,579, which was increased
to S2,102,032 by the addition of $751;
453 of other income. The surplus, after
deductions for royalties and interest
charges was 1881 $3.50. No allowance
was made in the report for war taxes.
kennecott's Utah Holdings. - The
Kennecott Copper Company, it is es-
timated, has recently increased its
holdings of Utah Copper Company
stocks to the extent of $4,000 shares.
and now probably holds in the neigh
borhood of $4,000 shares, or approx
mately 40 per cent of Utah's 1924 ,490
outstanding shares. Kennecott owned
100000 shares Of Utah on May 1, 1917.
Jewel Tea-Total sales for the four
weeks ended November 8 were s1,2OS,-
401, an increase Of S.42 per cent over
the corresponding four weeks in 1916.
Sales for the forty-four weeks ended
November totalled s12,S77 ,525, a gain
of 27.2l per cent over the correspond
ing period year ago.
Calumet & HecIa.-Copper produc-
ton in October, including output of
subsidiary mines, totalled 12,265,3SO
pounds. From January to October
81 output Of copper was 32,453, 1866
pounds.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-20
Money and Credit

A firmer tone developed in the local
money market yesterday, and while
most of the days call loans were
made on the Stock Exchange at per
cent, the rate in the afternoon jumped
to per cent on the withdrawal OF
offerings by the leading banks.
Offerings Of fixed date funds con-
tinued light at the beginning OF the
new business week and rates were
firmly maintained. Loans on industrial
securities were quoted yesterday at 81
per cent for sixty days, 512 to 5A per
cent for ninety days, four, Ave and six
months.
Ruling rates for money yesterday,
compared with a year ago, were as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-20
w ealth' Nj r * e t S q n q <

States during the first hall of 1917, the
latest figures made up, showed an addl-
ton of 100000 tons, as compared with
the corresponding portion OF last year.
This was due in part to larger amount
of canning and preserving, and in part
possibly, TO boarding.
AT present there are about 1000
tons Of refined sugar In storage in New
York that we're purchased last April
for the Russian government, and which
have since been piling up storage
charges Of between $4,000 and $4,000
month. ...
THE government authorities are now
endeavoring to secure legal authority
to commander this sugar and release
Il to the public, as it would be OF ma
terial help in the present situation"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-20
Stocks in East Decrease

Stocks in East Decrease
The total decrease in the stocks Of
crude petroleum for the divisions rep
resented amounted to SS6,750 barrels,
of which 4s0.41S barrels were reported
in the Mid-Continent fields. Stocks
held by the Eastern lines were re-
ported as 1884, 1853 barrels, showing a
decrease from the September figures
of 453,005 barrels. Stocks Of Penn
sylvania crude were reduced 350,619
barrels; those OF Kentucky $500 bar
rels, and MidContinent crude held In
the Eastern lines declined 219,503 bar
rels. There was an increase of Lima
stocks of 1905 barrels. and of Illi-
'nois crude held in the East of l05,712
barrels. Illinois stocks as reported by
the Illinois Pipe Line showed a gain
of 1858 barrels. as compared with
the September figures. Stocks held on
private tank farms and leases in the
Mid-Continent are estimated at 49,
100000 barrels, the estimate showing
an increase of 100000 barrels from
the figures for September