davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-16

ANDREW j. MCCORMACK Auctlons.r
REGULAR AUCTION SALE.
STOCKS AND BONDS.
By ADRIAN H. MULLER a son,
OFFICE. 40. 51 WILLIAM ST
WEDNESDAY. JUNE 20. 1917,
~ Il 30 o'clOck az the
EXCHANGE SALFSEOOM
Nos. u AND Is NESEY STREET
For Account ~ Trustees.
Ia shs. Allcock Manufacturing CO.
As shs Brandreth Company
For Account Of Title Guarantee & Trust
Co. Trustee 81 Charlotte F.. Kellogs
The Little Rock Lode, Survey No. a.
Mount Snenels Mining District
Ouray County. Colorado
The Little Rose Lode survey No. So
Mount Snenels Mining District.
Ouray County. Colorado
The IdleNilde Lode. Survey No AZ. Noun,
SneNels Mining District. ouray
County. Colorado
The Bessie Bascom Lode Survey No 40.
Mount Sncnels Mining District
Ouray County. Colorado
The Buckley Boy Lode. survey No. ~.
Mount S1eneis Mining District.
Ouray county. Colorado
For Account ~ Whom lt Nay Concern
500 shs. Chicago q Eastern Illinois r
r. prefd.. old stock
$50 shs Sinclair Central American on
Corpn.
40 shs Somaj Realty Co. Inc
$50 900 North Augusta Land 60 Let M'g
&c Bonds. May. 1917. coupon on
1000 shs. Alpha Oh & Cas- GO.
900 shs National Cash Voucher Corpn
prefd
500 shs National Cash Voucher corpr
common.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-16

Gates of indebtedness at the local in
s.itution. By so doing the subscribing
banks will be credited with interest on
their allotments of Liberty bonds from
June Is at the rate Of 3 u per cent; IN
other words, their investment IS auto
matically changed from 3 or 81 per
cent Treasury certificate 20 ga per
cent United States government bond.
Acting on the suggestion OF the
Clearing House Committee, additional
banks settled their Clearing House bal
ances through the Federal Reserve
Bank of New York. II was stated that
nineteen member banks did this direct
~ yeste rday and eight indirectly. This
method of settling balances obviates
the danger of transferring large
amounts of cash through the streets.
was made that $1,000.
900 of $40 participation certificates MAD
been sold bv the Federal Reserve Bank.
of which $4,000 were disposed OF
Yesterday.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-16

on the preferred stock. payable July
stock Of record June 20.
California Packing Corporation Regular
quarterly dividend of sl75 n share on me
preferred stock payable July p 20 stock o.
record June -.
Wilson & Co.-Regular quarterly CIV
dend OF Ia, per cent on the preferred stofs'
payable July 20 stock Of record June %
Manhattan Shirt.-Regular quarterly diyi'
dend of 3. per cent on its preferred stoes'
payable July > 20 stock Of record June %
National Paper & Type.-Quarterly diI.
dend of per cent on the common ana "
regular Ia, per cent on the preferred ''oce;
both payable July Is 70 stock Of feoo''
June 30.
Shattuck Arizona Copper. Regular qsai
terly dividend OF 80 cents and and extra o'.I
dend OF - cents. both payable July ~
stock OF record June 30.
CrowelI & Thurlow.-D Dividend Of w
share. payable June 30 70 stock OF rec'''
June 20.
Columbu. Railway & Power & Light.
Regular quarterly dividend OF l'3 per
an TIE preferred stock a. payable Jug
20 stock OF record June -.
Kaufman Department stores.-k 800
quarterly dividend Of Nl.to on we pi. -.
STOCK, payaple july ~ '-NN'
20. II.
Chalmers Oil and Gas.-Regular aussr'e,l
diyidcnd Of . per cent on the preieii,.
stock. payable July 10 stotk OF reoof' jun
20. ,-
Ro,aI Dutch shell.-Final dividend OF - !.
per cent. making total declara'iop' 10Y w
year OF IS per cent 5000
American Machine and Foundry.-piyieeeno9l
OF , per cent, payable july u ~
record July !. ,,,-
Coal and Iron National Bsnk.-Resa "a,
quarterly dividend Of , per cent ana -
cent extra. payable July 10 stock oil
June b.
New England oil and Pipe Line-hesos ..
Quarterly dividend OF Is. per cent on the -
ferred stock. payable July 20 STOCK oi
June 20 ,,,.
General American Tank Car Corp. 49,.
lar quarterly dividend Of y. per cent on ~.
first and second preferred stocks pom p 80
able July TO stock OF record June -v'
Rel Te,ephone Of Cansds.--Regular GUS.
,erIv dividend Of per cent, payable july -
TO stock OF record June 80 -,
Interstate Railways Regular sen'i,an.nHSs
dividend Of 3 per cent on the preisrren
navable July 10 stock OF record June ~
c,,ho.Uydroeen Of America. - keyu,s,
s.r,i-annual dividend Of 30 per cent on =,
preferred stock. payable July 10 s'''N
record June 20. s,.
Emigrant Industrial savings Bank.-,e ~,
annual dividend at the rate OF per ''"'
annum. .,.
Arkansas Light and Power. Regular as srs-
terly dividend Of IA, per cent on tne ...rd
ferred stock. payable July to stock OIL wv
June 10.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-16
Lack of Shipping Holds
Back Canada's Export Trade

Owing TO the fact that many Cana
dian manufacturers are busy making
munitions, while there has been great
shortage of labor in other industries
as result Of enlistment of employees,
i. has often been found impossible to
get Canadian manufacturers to accept
orders for export. Lack of shipping
facilities has also in some cases pre-
vented the acceptance of export orders.
Nevertheless, number OF important
orders have been filled. ut Is rather
discouraging to Canadian Trade Com
missioners," says the annual review of
the Commercial Intelligence Service.
ito find that when, after great deal
of trouble. they are able TO offer Cana
dian manufacturers reliable orders
running into very large amounts no
one will accept them"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-16
Other Cities


Wool Market Less Active Boston;
lime l5.-Business in the Boston wool
market has been less active during the
last week, according TO THE CONNER
cial Bulletin The market, however,
is strong and the strength OF the sit
uation appears to be dictated more by
the West than the East. Operations
in the West are going forward steadily
at slightly higher prices.
Manufacturers are generally we'll
employed and are devoting more and
more time 10 government contracts.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-16
NOTICE Of a Special Meeting OF the stock.
holders of the Duplex filtefss>ystem,
Inc, to be held on June 2lst, 1911.

Pursuant to call by the President, ,r..
cial meeting Of the stockholders Of the
Duplex Filters system. Inc, viii he held
at tho office Of the Company. No $50 East
l33rd Street In the Borough n Msnhst-
tan. city 81 New York az n o'clock A ".
on Thursday. June 2ist 1911 said meet
ing to take the place OF the postponed
annual meeting ~ the Company FOR the
following purposes
l. To elect directors OF the Company ior
the ensuing year. including any vacancy
that may exist by reason ~ resignation
from the present Board.
2 To receive the reports 81 the executiy.
officers Of the Company for the fiscal year
last past.
2. To transact any and all further bust
ness that may be necessary or desirable IN
connection with said Compsny
Dated. June eth. 1917.
WILLIAM ]. ATWOOD Secretary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-16
The Dollar in Foreign Exchange

New high records were made yester-
day by Spanish and Swiss exchange
rates. Pesetas went to 1855 cents.
while Swiss francs were quoted at 4.9S
to the dollar. Sight ruble drafts on
Petrograd broke to new low record Of
22.95 cents. The rest of the market
was steady and dull.
Closing rates yesterday. compared
with week ago, are given in the table
below. American bankers have sus-
pended all dealings in German and
Austrian exchange, so that daily quo
tations for either marks or kronen are
no longer available.
Week
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-16

can dollar. You buy an English pound
sterling at, say, s4.75It. The intrinsic
parity il s4.ssss per pound. Thus, you
saw either that pounds arc at dis
count or that dollars are at 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, 1917-06-16
Current Comment

This world war will be won only by
a prosperous America. When the rail
roads are not prosperous the country
at large has never enjoyed healthy con-
ditions commercially. Any industry
which cannot or is not permitted to in
crease the selling price Of its wares, so
a. to approximately Offset the increased
costs of production, cannot contribute
to the general prosperity. There are
some railroad companies which can for
a while survive the increased expenses
with which they are confronted, but no
firm or corporation can be deemed sue
cessful if its expenses are TO be largely
increased from time TO time by Con-
gressional laws, by laws of the various
states and by the laws of supply and
demand without readjustment of income
to outgo-B. L. IVincheH, Director Of
Traffic Union Pacific System.
Revival of security trading reflects
the increased confidence Of the public
in the outlook for business in this coun-
try during the war period. An i'm
portant factor has been the immense
orders given out by the government for
supplies and war material. This is
cash business of the best sort, and is
apparently limited only by the capacity
of great plants to turn out the work in
the required time. These orders have,
of course, preference over all other
kinds of business, and may result in re-
tarding the delivery of the material or
dered by private consumers. The delay
is natural under the circumstances, and
every effort will be made to push pro-
duction in all lines. There is apparent
basis, therefore. for the opinion eX-
pressed by Sir George Paish. the Lon
don economist, who predicted that the
immediate effect of the declaration of
war upon American trade and prosper
ty would be highly beneficial, owing to
the great spending power of the people,
in consequence of the release of enor-
nous government orders. Similar ex-
pressions have come from financial and
industrial leaders in this country, who
see greatly increased activity in manu-
featuring and commercial lines in con-
sequence Of American participation in
the world war.-WHliGm 4. Lar.
President First National Bank Of
Philadelphia.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-16
Money and Credit

TIE heavy transfer Of banking funds
incidental 20 the closing Of the Liberty
Loan subscription books and the 2 per
cent payment due on the loan put a
pressure on the local money market
Yesterday that caused call loans at the
Stock Exchange 20 rise 10 8 per cent.
This about equslled the high rate for
the year. Many banks called loans and
the turnover in the call money market
Sss the largest in years, brokers es-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-16
u. S. Treasury Finances

Washington, June l5.-Condition Of
the United States Treasury at close
to-day showed: Net balance in general
fund, 1888, ,7o3; total receipts. s12,-
356.724; total payments. Se,423.567.
The deficit this fiscal year is s14,152
22a. against a deficit Of s42. 1874 last
year. exclusive Of Panama Canal and
public debt transactions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-16

The machinery Of the New York
Stock Exchange was utilized in a
very unpatriotic way when, an hour
after the subscription books were
closed, the Liberty Loan bonds were
sold below par on a when issued
basis. The Stock Exchange as an In
stitution is not to blame for that. It's
function is merely to provide a we'll
regulated market for trading in Sc
curities. Members of the board are
lust as indignant as outsiders over
the unpatriotic transaction. Never
theless, it has become a popular habit
tn denounce the exchange on every
conceivable occasion, and unfair
critics will no doubt seize what
appears TO be an opportunity
10 make another attack, even
though in this case it would not be
justified. However, the fact remains
that some one who was long of bonds
and short of patriotism is now short
of the bonds below par, for their
sale at this time is at least technl-
cally a short sale. If, as seems GER
tain. there has been a great oversub-
scription to the loan, and allotments
are cut down, the sellers may have
to 90 into the market and buy back
part of what they have sold, In order
to make delivery. The break in the
price of the bonds below par at this
time was variously ascribed to an
attempt by short interests to weaken
the general market, to some one VINO
had bought the bonds for the purpose
of getting a little free advertising as
a patriot and to a pro-German who
had purchased them with the deliber-
ate intention Of selling to break the
price as soon as opportunity af-
forded. Whatever the explanation,
there can be no doubt that the one
who sold them is altogether lacking
in patriotism. 1t would be interest
ing to know who that individual is.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-16
FINANCIAL MEETINGS
GREENE CANANEA GOLFER co.

NOTICE or ANNUAL MEbilN1
Notice is hereby given that the Annual
Meeting OF the stockholders ~ the Gr,ens
,he office OF the Company. - Broadway
New York. y Y. on Monday. the eigh-
tenth day Of June 1917. at twelve o'clock
noon. for the transaction Of any and al
bnsiriess that may come before the meet
ing Including the election OF three direc.
tors 10 hold Office FOR three years.
The transfer books Of the Company will
not close but only stockholders Of record
as az o'clock z. NJ. Friday. Hay 25. 1911.
will be entitled 20 vote az this meeting
BY order OF the Board Of Directors.
J. W. ALLEN Secretary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-16

timating that approximately s6O,oOO,ooO
having been placed during the course
of the day. The bulk of the loans was
arranged by Stock Exchange houses
whose outstanding loans had been
called. making necessary the shifting of
the burden elsewhere.
The market for time loans based on
Stock Exchange collateral was at a
standstill. with rates unchanged at
to per cent, depending upon maturity
and the character of the collateral.
Closing rates on money yesterday
compared with year ago, were as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-16
ReAexes Of War

The conditions in relation to wool
supplies are such, writes London cor
respondent, that they leave no doubt
as to the necessity for government
control of all raw material in or
which may arrive in England, though
circumstances are so apt TO change
that the precise purposes for which
the consumption Of wool should be
permitted may have to be altered from
time to time. In view of shipping
problems the building up of reserves
to provide against military require
ments is imperative. After q careful
investigation of the position, both as
regards present supplies of wool IN
this country, whether in its raw state
o. any process of manufacture, and
what is likely TO arrive inside this
year, il has been calculated that there
will be available wool which will b.
sufficient to find employment for about
only one-third Of the machinery OH
civilian work. In other words, about
so per cent of machinery will be en-
ployed on British government work,
and for the remaining 80 per cent the
prospect is that the wool which can be
spared, after providing for military re-
quirements, will keep only one-thrd Of
it employed.
According to the officers Of the Ex-
port Association of Canada, the nego-
tation of an enlarged Franco Canadian
treaty of commerce is one of the prob
able events of the near future, and it
is conceivable that the new instrument
may be evolved from negotiations con-
Quoted Jointly with France by the gov
ernments of the British Empire. The
French government has recently init
mated its intention of formally de-
nouncing all existing French treaties
of commerce. the Canadian treaty be-
ing one Of them.
The British Minister Of Munitions
has announced that, in view of the sit
uation created by the entry of the
United States of America into the war,
the War Cabinet have decided that 1t
is no longer necessary to proceed with
the erection of the large explosive fac
tory now under construction near Bris-
toll. Instructions have accordingly
been issued that steps are to be taken
10 bring the work to an end as soon as
possible, due regard being had to the
question of creating as little hardship
and dslocation among the workmen
and supplies as circumstances will al
low.
The Telegram" of Amsterdam
learns from the frontier that of over /
15O mn ryorkmen and workwomen en- i
ployed at Krupp's factories at Essen /
40 900 are Poles. mainly from the War
saw district. The German military au-
thority iustifes their compulslon on /
the ground that Poland is an indie
pendent State and an ally Of the Cen
trail PAYERS.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-16
Dividends

American Seeding Machine.-Regular quar-
terly dividend OF L per cent on the pre-
ferred and | per cent on the common stocks.
both dividends payable July 10 10 stock Of
record June 30.
Prairie Pipe Line.-Reguar quarterly
dividend Of SIS a share. payable July 81 20
stock of record June 30.
Victor Talking Machine. Regular quar-
terly dividends of Ia. per cent on the pre-
ferred and per cent on the common stocks,
both payable July II to stock of record
June 30.
Library Bureau.-Dividend Of per cent
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-16

There can be no doubt that the
aiberty Loan has been a success;
perhaps the final figures will prove
that it has been even more of popu-
lar success than was. indicated by
preliminary reports. 1t is probable,
however, that a considerable part of
the loan will remain in the banks, at
least temporarily. But regardless of
whether that turns out to be the case,
the fact remains that the response to
the governments appeal for funds
was much better than was made In
other belligerent countries on their
first offerings. The latest reports in
dicate that approximately 100000
separate applications were received
for the Liberty Bonds. That, rough
", would indicate that 21s per cent
of the people had participated in the
loan. The number of subscriptions
to the first British war loan was only
100000, indicating that only fifth
of / per cent of the population had
entered subscriptions, while to the
first German war loan only LIT ,235
subscriptions were received, indicat-
ing response from IL per cent OF
the people. The experience of those
countries augurs well for the success
of future loans in this country. By
the time the last British war loan
was offered the nation was so aroused
to the necessity of subscription that
no less than 100000 people came
forward, while to the fourth German
loan there were 5,279, 900 subscribers
No doubt we shall make a similar
showing when the next issue is
brought forth, especially since we
shall have the advantage of thor
ough organization to begin with and
will avoid the numerous and obvious
mistakes which were made in the
handling of this operation and which
initiated against its success.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-16
New York
Elected Members of Stock Exchange.

Elected Members OF Stock EAchahge.
james II. Goes and Lyman ID: Smith
have been elected members of the New
York Stock Exchange.
The following seats have been posted
for transfer on the New York Stock
Exchange: James d. W. Cutting 20
Marshall n. Russell and Robert C..
Winmill TO Ralph NJ Stuart-W ortley.
The consideration in both cases was
e5s 200
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-16
Nor1cE Is HEREBY GIyEN NV THE

NOTICE IS HEREBY GIVEN THAT THE
annual meeting OF the stockholders %
the Trans Oceanic Trading Co. Inc. VIII
be held al tho Office OF the company az
90 West street. Boro Of Manhattan. New
York city. on the End day Of July. 1917.
at o'clock Z. 81. FOR the purpose o.
electing three directors for the ensuing
year aud for the transaction 81 such oiner
bueipsss az may be brought before The
meeting. including the approval ana Iatlh'
cation OF all actions OF the Board ot Dlrec-
tors during the past year
w. X LEECH, Assistant secretary
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-16
Days
Over Over Over
Is or sup 30 up so up
OaSo en- IN on

Exchanges. balances.
New York. 1854. 03t ,546 s63,64S,26S
Boston. ...... 48,533,141 1o,6S8,487
Philadelphia. 7o,113,7o2 12,484,S52
Sub.Treasury.-New York banks lost
TO Sub-Treasury s5,765,OoO.
SiIver.-Bars in London, 20 lis
pence; New York, II cents; Mexican
dollars, 597s cents.
Gold Evports.-Japanese bankers ar
ranged yesterday with the local Sub
Treasury for the transfer of Sl,2O0,000
to San Francisco by telegraph. This
amount of gold will be forwarded to
Toxic by the next steamship leaving
| the Pacific Coast. Gold shipments TO
Japan, including this latest engage
ment, have amounted to more than
| Sl0,000,000 since June |.
| Gold coin TO the amount OF 100000
was withdrawn from the SubTreasury
yesterday for shipment to Cuba.
I Bank Exchanges. Clearing House
| transactions this week at the principal
/ cities in the United States show sub
/ stantial gains over corresponding Pc
RODS of preceding years. According TO
/ r. G.. Dun & Co., the total this week
was s5,471,480,742, an increase OF 3l.5
/ per cent compared with the correspond
! ing week last year and 95.5 per cent
more than the corresponding period
( two years ago.
Weeks Currency Movements.-Vlsi-
! Bile movements of currency this week
point to a heavy loss in cash by the
| local banks as a result of the Liberty
Loan operations. Exact figures are not
available, however, owing to the great
interchange of credits between local
banking institutions and the Federal
, Reserve Bank.
Brazil Issues More Paper Money
By a decree signed by the President
of Brazil on May 9 last, the Secretary
Of the Treasury is authorized to issue
an additional 20,000,000 milrels ts4,-
100000 United States gold at exchange
of 12d.) of Treasury notes, in accord
ance with the law OF August Is. 1910,
which sanctioned a total issue OF 35O.-
100000 milreis (SS4,000,0O0) for (a)
liouidating the compromises OF the
Treasury prior to 1915, (b) meeting the
deficits of the budget. (c) providing
aid and preventive measures against
drouth and cd assisting the Banco do
Brazil with funds at B per cent to de.
velop its operations OF discount and
rediscount, etc. OF the total amount
authorized. 315,000,000 milreis (S75,-
coo .OOO) has now been issued. With
This latest issue the amount of paper
money in circulation IN Brazil now
reaches the total of 1,l57 ,527, 725
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-16
Canada Answers
The Worlds Cry
For More Ships
The Industry Is Flourishing
and Promises to Continue
So After War Ends
By MARK WORKMAN,
President, Dominion Steel Corporation

President. Dominion Steel Corporation
Montreal, June II.
Mr.. Lloyd Georges famous cpl
gram with regard to the primary
requisite for a successful prosecution
of the war hips, more ships, and
still more ships"-has been followed
ty an almost feverish activity IN the
shipbuliding industry. In England,
where the need was most quickly and
acutely realized, strenuous efforts
were made to increase the output
of the yards, and the results OBJ
tanned by an intelligent study OF the
situation and the application of pro-
eressive methods were beyond the
highest expectations. In the United
States the utmost pressure has been
placed on its capacity, and one reads
almost daily of new interpretations
to promote further extension of the
industry.
The neighboring Dominion of Can
ada, without any flourish of trum-
pets, has grasped the opportunity in
a businesslike manner, and the ex-
tenu of the shipbuilding industry in
chat country will come as a surprise
tc many.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-16
TO THE STOCKHOLDERS or
unITJS-HA AVOID 90.

Notice il hereby given mat meerIns
Of the stockholders for the electlon o.
Offices and directors and the transactl9n
OF such other business as may pfopeiy
81 Vanderbilt Avenue. Room 700 New fofA
CITY. at n O'Clock In the morning On
Tuesday June 70. 1917.
FREDERIC MARTIN, Secretary