davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-04
Money and Credit

Call money was more plentiful yes
terday, and although the demand in
creased slightly, the market ruled easy
throughout. The bulk of loans was
made at 2I5 per cent, but final offer
ings were at 2i4 per cent.
Offerings Of time funds also in
creased somewhat as the result Of the
return flow of money paid out by the
banks over the year end. The demands
Of borrowers were not at all insistent,
in fact bankers in some cases were
complaining because there was not
more money wanted, and yet there were
indications that some large industrial
borrowers were inclined to look upon
the present as "A favorable time to
obtain funds, which they expect to use
within the next two or three months.
Indeed, the greater part of the Dor
rowing was for these longer periods.
Ruling rates on money yesterday,
compared with year ago. were as
follows:
Vesterday Year ago
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-04
Relevant
Information

Midyale Steel and Ordnance Com
pany.-The long-awaited Mdvale divi-
dend WAS announced yesterday, the d.
rectors declaring a quarterly payment
of $3.50 a share. The par value of the
stock is $50, so that it has been placed
on a II per cent annual basis. The
companys income account for 1916 de
cember estimated), showed gross earn
ings of S3S06l ,276, subsidiary company
charges S549,797. balance S37,511,479,
depreciation S3,525,579, bond interest
Sl,Sl6,736, and surplus after charges
$32, ,164. The latter is equal TO
Sl6.0S per share on the SlO0,O0O,OOO
capital stock. The favorable feature Of
the report was the rising tendency Of
the earnings each quarter. For the first
quarter the surplus was S6.363,76 for
the second quarter $s,398, O68, for the
third quarter $9,5l5,66s, and for the
fourth quarter sl3,233,976. The earn
ings by quarters for 1916 we're:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-04

Marine insurance has been the
special offgrowth Of international
commerce, and this trade has been
truly international in its scope.
Apart from the fact that the war
has seriously interfered with marine
insurance, it has been responsible
for many problems which are likely
to engage the attention Of courts all
over the world for a decade after the
war. Two judgments rendered in
England show the intricacies and
complexities Of the situation. In one
case, a cargo Of British-Owned lin
seeds in British bottoms bound for
Hamburg for a German customer,
was diverted TO a British port a day
or two after the outbreak Of the war.
The owners Of the ship simply
obeyed the orders Of the British gov
eminent. The cargo was brought to
Liverpool and sold for less amount
than would have been realized had
It been delivered 10 the German Gus
toner at Hamburg. The suit was
that the venture" was frustrated
and the court awarded damages to
the plaintiff. In the other case, a
British company that had diamonds
with German customers and could
obtain no remittance during the
course Of the war, sued the insur-
ance company. The appeal court
held that the plaintiffs had no claim,
because it was not proved that the
diamonds were lost. The curious
situation is that cargo British-owned,
lying at Liverpool, was held a total
loss; while diamonds British-owned,
lying in Germany, were not. The ex-
PLANTATION is that in the one case the
insurance company agreed 10 under
write the venture; and to be re-
sponsible for the delivery Of the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-04
u. S. Treasury Finances

Washington. Jan. S.-The condition
OF the United States Treasury at the
close Of business to-day was: Net bal
ance in general fund, S1t4,599,419;
fetal ordinary receipts. S2,078677; total
ordinary payments, $3,137,s52.
The deficit this fiscal year is S122.-
o31, 1866, against deficit of S49,435,7 no
last year exclusive of Panama Canal
ard public debt transactions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-04

goods in Hamburg-which was not
possible on account of the war. In
the other case, the insurance COM
pany agreed to recoup the loss by
theft or any other accident; the
plaintiffs, as we'll as the insurance
company, were we'll aware of the fact
that the cargo was not lost and was
in the hands of the German GUS
toners.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-04
Yesterday. Year ago
.t-oL > o.

Commercial Paper.-Some Of the
larger banks are beginning to manifest
more interest in commercial paper now
that a good deal of the money paid out
for interest and dividends is returning
on deposit. The amount Of funds seek
ing this hind Of investment, however
has not enlarged sufficiently to have
any effect on ruling rates, 4 per cent
still being about the minimum at which
the best paper is moving.
OAicial rates OF discount at each OF
the twelve Federal districts are as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-04
.s3s,oe1,276 $37,5t1,47e

IOIaI ..,..... .Yoo,UO ,ZTO 9oT'o TITS
The Midyale company was organized
in October, 1915, by William e. Corey
and others. It acquired all of the cap
itsl stock of the Coatesvlle PENN
Rolling Mill Company, the Worth
Brothers Company, the Midvals Steel
Company and the Remington Arms
Company of Delaware. The company,
together with the Remington Arms
Union Metallic Cartridge Company, Sc
cured a contract to manufacture 2,00O,-
900 rifles for Great Britain, but recently
entered into an agreement under which
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-04
The Dollar In Foreign Exchange

Weakness in rubles. which declined
from 1880 to 1855 in the absence Of
any buying OF consequence, was the
principal change noted yesterday in the
market for foreign exchange. There
was a perfunctory sort OF inquiry for
demand sterling at steady quotations,
hut brokers said there was little in
curry for future bills, the uncertainty
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-04
Current

The above rates express the cost OF
foreign money in terms OF the Ameri'
can dollar. You buy an English pound
sterling for s4.75it; the intrinsic par
ity is S4S6Fs per pound. Thus, you
say either that pounds are at dis.
count or that dollars are at a pre-
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, 1917-01-04

over developments In Europe causing a
feeling OF hesitation on all sides.
Closing quotations yesterday and q
week ago we're:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-04

Below is given the current exchange
value Of foreign money in dollars and
cents, together with the intrinsic gold
parity, as calculated by the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-04
Chemical Company Re6nanced.-'

Chemical Company Refinanced.-The
Calico Chemical Company, Of Bound
Brook. \. J.. has been refinanced by
the stock Exchange firm of Swartwout
& Appenzellar through the issuance of
100000 8 per cent cumulative pre-
ferred stock and S250.000 OF notes.
Richard H. Swartwout and Wellington
T.. Bull have been made directors.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-04
Corporation Returns

Washington, Jan. "a slight de-
crease In railroad net operating rev.
enue for November, the first In more
than two years, is indicated by prelm-
mary statistics made public to-day by
the Interstate Commerce Commission.
The first ifty-fve roads to report
showed a falling off Of a little more
than a million dollars, but il is at
tributed to the liberal policy of ex-
penditures which accompanies the in
grease In business. Officials believe
the indicated drop for November will
not alter the prospects for a billion
dollar year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-04
Wednesday, January 5, 1917

From the text Of the British Chan
cellor's budget speech a fortnight
ago it is possible to construct sta
tistical picture of Great Britan's
expenditures. The figures are a
strain upon the financial sense.
Pursebearer, banker, vender and
carrier for the anti-Teutonic ALI
ance. Great Britain's expenditures
in the last month Of 1916 were run
ningi
At the rate
per year OF
For war purposes 1852, $4,000
For interest on debt and
civil services ........ l'lo l'oOV'000
Total ...St26S3,75 10000
There is one very important de-
duction. England's loans to her
allies are running at the rate OF
$4,000. 900. 900 a year. The expendi-
lures of Great Britain alone, there
fore. are at the rate Of $9,68S,OO
900 a year, net. She has to raise the
money she lends to her allies; she
hopes to get it back At the begin
ming of the war the public debt OF
Great Britain was S9,595,OOO,OOO.
Bv the end Of March next it will be
s19.350, 100000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-04

il is relieved OF all responsibility out
is manufacturing the pieces under the
supervision of the British authorities.
United States Steel-On turn
over OF more than 100000 shares, Steel
common rose bss points yesterday, to
I15. This advance followed a gain OF
3 points on Tuesday, making total
rise OF SIS points so far this week. The
persistent buying OF the shares
strengthened the belief in Wall Street
that it is the intention of the d.
rectors to declare a larger extra divi-
dend for the last quarter than for the
quarter Immediately preceding. The
strong position OF the company is COM
mented on by Dow, Jones g. Co. as
follows:
"The United States Steel Corporation
spent about s6O,OOO.oOO for new steel
construction last year, compared with
S15,337,432 in 1915 and S23,l7l,0l3 in
1914. Expenditures would have been
larger il more workmen had been avail
able. Since organization United States
Steel has spent approximately $780,
100000 for new construction, a figure
100000 in excess OF the par value
of the common stock"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-04
Other Cities

Election of Federal Reserve Bank
Directors. Washington, Jan. 3.-Fed-
eral Reserve Bank directors whose
terms expired January have been re-
elected, the board announced to-day,
with few exceptions.
William A. Heath and f.. T. Meredith
have been appointed by the board 70
serve two and three years, respectively,
as new directors in the Chicago bank
New directors, elected By the banks
themselves, are: Thomas W. Farnham.
of Now Haven. for the Boston bank;
r. p. Wright, Of Erie, Penn. for Cleve-
land; join W. Blodgett. of Grand
Rapids, Mich. for Chicago; Samuel r.
Ziegler, Of Albion, Ill. for St. Louis.
and Harry W. Gibson, Of Muskogee,
Okla, elected to fill vacancy at Kan
sas City.
Boston tOppers.-Boston. Jan. s.
Many of the copper and zinc stocks
scored gains of several points on the
local market to-day. Trading was mod
crate throughout the session, with the
close higher. Copper Range, 67H: Al
louez, 81; Old Dominion, GAY; Osce-
ola, IS.
Oil Prices Still Climbing. Independ-
encc, Kan. Jan. 3. Another advance
OF 10 cents a barrel in the price Of
crude oil was posted here to-day by
the Prairie Oil and Gas Company. max
ing the price $3.50. The latest increase
IS the sixth of a similar amount since
November 90
Hawaiian Sugar Crop Short.-Wash-
lngton. Jan. B. Hawaii produced SO ,237
tons less sugar in 1916 than in the
previous year. despite an increased
area planted to cane sugar. Returns
20 the Department of Agriculture show
that the years output vas approx
mately 592,763 tons. The decreased
production was due TO a lower yield
Of cane an acre and a smaller average
Of sugar 4 ton of cana
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-04

Bond House Gives Bonuses. Spencer
Trask e. Co. have distributed among
employees in their various Offices p
bonus of from 80 per cent to 100 per
cent on yearly salaries, depending upon
position, responsibilities and length OF
service. The profit sharing plan was
inaugurated thirty-fve years ago.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-04

Sub-Treasury. - New York banks
gained from the Sub-Treasury ST.
$4,000.
silver.-Bars in London. 36lz pence;
New York. 1888 cents; Mexican dollars.
5S1s cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-04
News Digest
Foreign

London Uncertain over Bank Rate
London, Jan. 3.-Money was a shade
harder and discount rates we're dull
to-day.
There is much uncertainty regard
ing the bank rate tomorrow, and IN
view Of the pressure Of work at the
central and other institutions any
alteration may be postponed for a
week. The stock market had a strong
undertone, but there was little business
transacted except in the war loan,
which was active around SO. The Sc
cret of the new loan is well kept, and
dealers are discussing its possible
terms; but they are only able 70 agree
that the amount will be unlimited IN
view Of the large amount Of convert
.ible securities available. Standard
issues and gilt edged securities were
dull but firm, and Argentine, Russian
and rubber stocks hardened. Amerl-
can shares were idly steady.
Money was quoted at Z per cent;
discount rates: short and three month
bills, SO TO 55s per cent; gold pre-
miums at Lisbon, so.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-04

Customs Revenues of China Increase.
Picking, China, Jan. 3.-The mari
time customs revenue in 1916 totalled
s35, 100000 gold. This was an increase
Of 81 100000 over the amount collected
in 1915. All foreign obligations Sc
cured on the revenue were fully met
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-04

Bank Clearings.-The days clearings
ut New York and other cities:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-04
Chile Appoints Guaranty Trust Com

Chile Appoints Guaranty Trust Com
pany Depository. The Guaranty Trust
Company of New York has been ap-
pointed one of the official foreign de
positories Of the Chilean government.
Only two other financial institutions
have this privilege the Bank of Eng
land and n. NJ. Rothschild & Sons, of
London. These repositories are all
under the direct supervision Of the
Gaia de Emission. the department which
controls the issue Of Chilean legal ten
der against coin deposited abroad
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-04

Central Leather.-This stock was
next to United States Steel in activity.
On transactions OF nearly $4,000 shares
it registered a gain Of points, closing
at 95ls. Gossip in brokerage offices
connected the advance with reports
that the company had closed a large
order with foreign government. Ru-
mors were also heard Of further extra
dividend payments. The company has
$50 ,701 900 common stock outstanding.
The common was placed on a regular o
per cent basis in December, when di-
rectors increased the rate from 81 to
s1.25 quarterly. In September an extra
dividend Of per cent was paid, and
in November per cent extra was de-
clared. On the basis Of the earnings
reported through the September quar-
ter, Central Leather should show a
surplus for the full year ended De-
cember 81 equivalent to nearly "a per
cent on the junior issue. In 1915 1882
per cent was earned for the common
stock.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-04

Paris Bourse Actiye.-Paris, Jan. g.
Trading was active on the Bourse TO-
day.. Three per cent rentes, 81 francs
90 confines for cash Exchange or
London. p francs S1i2 confines
Five per cent loan, IS francs 80 cen
times.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-04
Finance Economics

WALL STREET OFFICES Telephones
Mills Building, 1t Broad St. Hanover 6SlA
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1917-07-12
DEATH OF MRS. MARIE KRENsEN.
Resident of Kenosha for the Past Four
Years Died at Home of Her
Son Sunday Morning.

Mrs. Maria Kressin, aged 63 years,
widow of the late August Kressin, and
a resident Of Kenosha for the past four
years, died at the home of her son, No,
465 West street, at an early hour Sun
Gay morning, following an extended i'll
ness. Mrs. Kressin was native of
Germany where she was born February
il, 1854 She had lived in this coun-
try for many years and for the past
four years had made her home with
her son in Kenosha. Surviving are
four sons-Robert and August Kress-
IN Of Kenosha, Leonard Kressin of Chip
pewa Falls, and Theodore Kressin of
Hutchinson, Mimi, and one daughter,
Mrs. A. E. ken, of Kenosha.
Funeral services will be held from
the German Lutheran church at $50
Q 'elock Tuesday afternoon, with in
terment at Green Ridge.
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1917-07-12
Troop Train
Excites Wonder
Eight Hundred Army Engineers Hest
tate for a Few Minutes i'll
Kenosha This Morning.

Eight hundred men in khaki making
up whole division of Uncle Sam S
army of engineers, passed through Ke-
posha just after eight O'Clock this
morning on special train of ten cars
bound for Sparta where the engineering
forces Of the government are being
mobilized, With flags waving and with
soldiers singing the arrival of the
soldiers caused lot of speculation.
The train stopped just long enough to
change orGers and then the soldiers
hurried along to camp. The men were
brought f ON Fl Sheridan where they
had been gathered from various parts
of the country. 1T was one of the high
grade divisions Of Uncle Sans en-
cheering corps. Many people living
along the railway in the north part of
the city believed that the Kenosha
companies had received a hurried call
to go to Camp Douglas. "No such
ueko was the comment of the local
officers OF the companies.
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1917-07-12
KENoSHA AIDS SERBIA.
City Contributes Large Sum to Relieve
Suffering canpatriots in War
Ridden Country On Balkan


Front.
"Come over into Mac donis end help
us. This call, coming TO NeroSba as
It did to the Apostle Pau. SO many cen
turtles ago, met with noble response
from the local public ON Saturday
morning and afternoon. The tag day
for the Franco Serbian Field Hospital
of America, conducted under the eff
cient leadership of DIR. and Mrs. Paul
Yeftich, late of the war zone, was an
unqualified success and brought highly
gratifying results to collectors and con-
tributors alike The feminist compa-
MES of Kenosha and Racine were in
action all day and managed to mobi-
lie some three hundred and fifty iron
men, to relieve the valiant but van
pushed soldiers of Serbia, now dying
by the thousands because they do not
have the hospital facilities to save the
shattered lives still left to them.
The money collected in this way
will be used to provide ambulances,
nurses, and surgeons, for the Franco
Serbian Field Hospital of America, To-
Gated on the Macedonian frontier. The
institution is already doing q noble
work in the war-ridden country but its
possibilities will be greatly enlarged
by the funds now under solicitation
throughout the United States. The raw
ages of the Serbian fever as well as
expected military operations in the
Balkans will make new demands on the
hospital. Tt is hoped that the money
now IN the process of collection will be
put to immediate use in the purchase
OF adequate supplies and the employ
ment OF medical attendants, in order
that Serbia may be at least partially
renovated for the German drives, ex-
pected at any moment as counter-at-
tacks to the allied action along the Rus
sian and French fronts.
That the generosity of Kenosha was
not unappreciated is evidenced by the
following communication from DR.. and
Mrs. 4eftich, the officials in charge of
the campaign here:
: 10 the People of Kenosha:
con behalf of the Franco Serbian
Field Hospital of America we desire to.
extend our most sincere thanks to the
Mayo and general public of your city
for their chiValrous and charitable re-
spouse to our country's appeals for
aid. We are very grateful for the sum
OF $35o.75 collected on YOU streets on
Saturday and wish to assure you that
1t will go at once to the relief of the
Serbian soldiers on the Macedonian
front.
"Signed,
Margaret and Paul Yeftich. -
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1917-07-12
ACADEMY ALLEYS ROBBED.
Burglar smashes Window With a Brick
and Loots Cash Register With
Disappointing Results

This is not the height of the bowl
ng season A burglar who robbed the
Academy alleys on Saturday night dis
covered this fact For a lot of labor
and an added eli .nce of arrest and
prosecution he burglarized the alleys
and for all his trouble got the magni-
feient sum of thirty cents. Entrance to
the building was made by hurting a
brick through one of the side windows
and once in the building the burglar
made straight for the cash register
He managed to open it and got the
small change. The police were noti-
fed of the burglary On Sunday, but as
yet no suspects have been arrested
The brick which went through the
window is the only clew.
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1917-07-12
RESIDENT FOR TWENTY YEARS
Knud Jensen, Long Time Resident Of
Kenosha, Died at Home on Strong
Street This Morning.

Death came quietly to Knud Jensen at
his home on Strong 1treet this morn
ing, ending a life of more than twenty
years acticity as a useful citizen of
Kenosha. The deceased was Dane
by birth, having been born in Denmark,
May 1856; more than thirty years ago
he came to America and twenty-five
years ago became citizen of Kenosha.
He has been employed for many years
as a Waterman at the Vincent Award
eompany's plant and was considered
one of the most trustworthy employees
of the concern.
Knud Jensen was married. His
wife died in 1910 but three children,
two daughters and son, are left to
mourn their father. The funeral SER
vices are to be held from the home at
Two thirty Monday afternoon after
which interment will be made at the
Green Ridge cemetery.
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1917-07-12
Dog Bites Boy
Meets Immediate Death
Eugene Bench, Twelve Year Old, Is
Bitten on the Foot but Wound
is not Considered Serious.

Eugene Bench, twelve years of age,
residing at % North Main street, is the
most recent victim of the dogs in Ke-
nosha. He was bitten by a dog over
on Sherida Road on Saturday, the dog
planting his teeth in the boys foot.
He was hurried to the offices of DR..
NJ. A. Bernstein where the wound was
eauterized 1t is not thought that the
dog way suffering from rabies, but the
owner Of it declared that he did not
want to take any chances and asked
the police to kill it Immediately, Police
Officer Kramer oficiated at the execn-
ton. The boy had little more than
scratch on his foot and il is not
expected that he will have any
trouble with it.
The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1917-07-12

Margaret and Paul Yeftich. ,
U. OF w. PRESS RuREAu

Astronomical data for July, 1917,
furnished by the Washburn Observa-
tory.
The bright planets are absent or al
most lost to view as regards the even
ing sky during the present month.
Mercury passes through superior con
junction July IL and so will not be
visible at all. Venus is slowly emerg-
ing from the bright light of the sun to
become the evening star, but at the
close OF the month will set only little
later than one hour after the sun. On
July 4 the planet passes by Saturn a
little over one degree to the north.
Saturn is losing its conspicuous DO
sition IN the western sky and on July
] sets by 9 o 'clock, behind the north
western horizon. The observer in the
early morning hours will find the bright
Planets, Jupiter and Mars, rising above
the northwestern horizon. The former
appears first and is the most conspicu-
Gus star in the morning sky.
There will be total eclipse of the
moon July 4 visible in all the great
land regions of the world except North
America. There will also be a slight
partial eclipse of the sun July 10, in
visible in the northern hemisphere.
The principal fixed stars visible
through the month in the evening hours
are as follows; To the west, Arcturus
and spica; near the meridian, Antares;
to the east, Vega and Affair.