davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-01

The stock market is so extremely
dull that Wall Street has plenty of
time to think of other things. Part
Of it is devoted to discussion Of what
viii be done with the American and
neutral securities which are held
here for account of the Allies, mostly
fer Great Britain. No authoritative
figures are available, but it is reli-
ably estimated that the total value
Of such securities placed with the
Allies fiscal agents in New York is
not far short of $2,50O,0OO,00O. OF
this amount approximately $1,000
100000 has been pledged as collat-
nal for various loans which have
been offered to the public, and a
much smaller amount has been used
as collateral for bankers credits.
This leaves about S1,000,000,000 Of
such securities available to be util-
lied as the financial authorities Of
the Allied governments see fit.
One conjecture is that as the
United States government is pre-
pared to provide the Allies with all
the credit they may require for pur-
chases in this country, the securities
may be sold in the local market-the
only one which could possibly absorb
them-as rapidly as conditions per-
nit. The funds derived from their
sale, it is suggested, would be util-
lied to correct exchange rates on the
European. neutral and South Amer
lean countries, which generally are
at such a discount as seriously TO re-
duce the purchasing power Of the
pound sterling.
Another suggestion is that since
the cause which impelled British au-
thorities to mobilize these securities
no longer exists, they might be re-
turned and redistributed among their
owners. Neither Of these things,
however, is likely to happen. From
authoritative sources it is learned
that no plans involving either the
sale Of the securities or their return
to original holders abroad are under
consideration. They will in all
probability be held here as provi-
sion against future contingencies and
will not be utilized, save perhaps in
snail amounts as collateral for tenn
pcrary loans, to be repaid out of the
proceeds of the credits granted by
this government. 1t is pointed out
trait the sale Of any large amount of
the securities, under existing condi-
tions, would be apt TO depress stock
prices and thereby disconcert plans
for the huge financial operations
under way.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-01

Powder Earnings
Take Big Slump
Hercules Co. Now Working
on Lower-Priced Contracts
for Military Explosives

A big slump in the earnings OF the
Hercules Powder Company is reported
for the first quarter of this gear as
compared with the corresponding quar-
ter Of 1916. and further declines are
in prospect. I'm a statement accom-
panying the report the management
explained that the comparatively poor
showing was due to completion Of the
early and more profitable contracts for
military explosives and the beginning
of manufacture on lower priced con-
tracts
Gross receipts were Sl3.5iS.6l0, com
pared with $I2.306.298 in the CORE
spending quarter Of last year. Net
earnings from all sources after deduct
ING all expenses were 81. S5S,931, against
s4.94I.235 in the first three months Of
1916. The surplus Of $l,765,3l2 after
deducting the reserves Of preferred
dividends. was equivalent 20 $24.6S
share earned during the quarter on
1850 shares Of common stock, com
pared with $3.50 a share earned in the
Corresponding period Of 1916.
The company's statement explaining
the drop in net earnings does not say
whether the lower priced contracts on
which the corporation is now working
are for the United States government.
II does say, however, that profits arc
much less than in me spondIng
period Of last year and higher than
can be expected in subsequent quarters
Of this year Provision has been made
for corporation income. munitions and
excess profit taxes under existing
laws"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-01
u. S. Treasury Finances

Washington, April 3o.-The condition
OF the United States Treasury at the
close to-day showed: Net balance in
general fund, s15s,62e,343; total re-
ceipts. S9,2t1,569; total payments, S.
359,81o.
The deficit this fiscal year is $751;
1897, against a deficit of SAG 1892
last year. exclusive OF Panama Canal
and public debt transactions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-01

Commercial Paper.-Firmness con-
tinues to characterize this market de-
spite an Increase in offerings. City in
stitutions are heavier buyers of com
mercal paper. Rates for the best
paper are 4% to per cent.
Official rates Of discount OF each Of
the twelve Federal districts are as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-01
Dividends

Boston Elevsted.-Divdend OF 80 cents a
share. payable May 10 TO stock of record
Nav .
Idaho Power.-Re Regular quarterly dividend
OF IA per cent on the preferred stock. pay
| able May /.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-01
Dutch Tonnage

Washington, April 3O-The follow
ing statement showing the growth of
the Dutch merchant marine and giving
statistics of Dutch trading steamships
as on January 1 in each of the years
1913 to 1917, has been received here:
Number Number Total
&c ~
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-01
Monday, April so, 1917

Sales of stock on the New York
Stock Exchange totalled $4,000
shares, the smallest turnover in any
full session since February IA.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-01

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, 1917-05-01
Money and Credit

The volume Of business doing in time
loans secured by brokers' Stock Ex-
change collateral is extremely limited.
Inactivity in the stock market has re-
suited in restricting the demand for
new loans, but the tone holds firm, ow
ing TO the scarcity of offerings. Rates
Yesterday on loans based on mixture
of railway and industrial securities as
collateral were unchanged from last
week, ranging from TO Az per cent
for all maturities. Rates on loans
based on industrial securities alone
were quoted A.. TO So per cent.
At the Stock Exchange call money
loaned mostly at pa per cent, or I'M
changed from the ruling rate last Fri
day. The days high rate was Pa per
cent.
Ruling rates on money yesterday,
compared with a year ago, were as fol-
lows;
Yesterday. YeaEyego.
Call money. 2I41o Z/21o
Time money (mixed collateraD:
90 days. ..... q % 20
90 days.. 4lA9o 3493I2Ho
months.... 4I4'o 3H@3Ha1o
5 TO G mos. 4I49S 314@3R%
Bank Clesrings.-The days clearings
at New York and other cities:
Exchanges. Balances
New York. 1898, Oef ,420 $36,6t4,6oo
Boston .... 30.556,e59 5,503,23
Chicago ...... Se.S42.478 6.873,424
pbiIsdelphia 52,257,s25 4,455,006
81 LOUIS. 23,7s6,328 5,232,212
Sub-Treasury.-New fork pahks ios'
N Sub-Trcasury $3,432,s50.
silyer-Bars in London, 37i, cents;
New York, TAN cents; Mexican doiisrs'
564 cents.
Boston Bank Statement.-The weekly
statement Of the Boston banks DIS
closed a decrease Of s7,ibs,ooo IN sur
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-01
Current

The above rates express the cost of
foreign money in terms of the Amerl-
can dollar. You buy an English pound
sterling at, say, sac. The intrinsic
parity is s4S6Ss per pound. Thus, you
say either that pounds are 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, 1917-05-01
News Digest
Foreign

London Market Quiet. London, April
30.-In view of to-morrow's holiday,
business on the Stock Exchange was
small, and chiefly in the war loan'
Argentine rails and oil shares, at
steady prices. Brazilian issues we're
better on the sharp recovery IN OK
change. while Mexicans were firm on
more favorable Mexican reports. In
dustrial and speculative shares were
dull, pending the publication of budget
details. American securities varied
little from parity and closed quiet.
Money was in fair demand, with 3's
per cent the ruling rate. Discount
rates a shade easier. Short bills, "A
per cent; three months bills, ! 1916
per cent.
Paris Bourse. Paris, April 3O.-Trsd-
ing was dull on the Bourse to-day.
Three per cent rentes, 81 francs %
centimes for cash. Exchange on Lon
don, 81 francs Is centimes. Five per
cent loan, IS francs IS centimes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-01

Gold Currents.-Gold coin TO the
amount Of $4,000 was withdrawn from
the Sub-Treasury yesterday for ship
ment 70 Cuba.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-01
Many State Banks
Ready to Go Into
Reserve System
Passage of Amendment
Broadening Scope of
Law Is Awaited

Washington, April 3O.-Assurances
have been received by the Federal Re-
serve Board from scores Of state banks
and trust companies throughout the
country that they will enter the Fed
eral Reserve system upon the passage
of amendments broadening the scope
Of the law, now before Congress.
At least twenty Of the largest trust
companies and state banks have sig
nifed their intention of joining the
system if the amendments pass. The
amendments have been favorably re-
ported and their passage appears likely
Hundreds Of smaller banks have indi-
Gated they will follow the large insti-
tutions into the system. In Arkansas
alone, it is said, virtually every one OF
the $50 state banks is ready to join.
The largest state banks and trust
companies reported to be ready to join
the reserve system are in New York
Chicago, St. Louis, Kansas City, San
Francisco. Detroit, Milwaukee, Atlanta
Seattle, Spokane and Portland.
Not All Are Wanted
Less than fifty state banks and trust
companies have joined the system dur
ing the three years of its existence.
All national banks under the law auto
matically passed to membership, and,
il addition, approximately one hundred
state banks and trust companies took
national bank charters to come into the
system.
Approximately $500 banks now are
in the system. and the number Of state
banks and tryst companies, including
private institutions outside, totals
about $4,000. Not all those would join,
nor would all be wanted, but indica-
tons are that the strongest and most
desirable Of the entire group will make
application for membership. Resources
Of the system, already approximately
$4,000. 100000, would be more than
doubled.
Proposed Changes in Law
Amendments designed TO bring in the
state banks and trust companies would
liberaize the existing law in many par
ticulars. Chief of these are provisions
to make it possible for such institu-
tions to withdraw from the system
should they desire to do so and placing
in the hands of the board the conduct
Of examinations for entry. At present
these examinations are conducted un-
der the direction of the Controller of
the Currency.
Other amendments provide for a
modification of the regulations govern
ing interlocking directories so far as
new institutions arc concerned, the es-
tablishment of branch Federal Reserve
banks and minor changes. The estab-
lishment of branch banks in many
cities throughout the United States is
anticipated by the board should the
amendments pass, and is regarded as
highly desirable in the campaign to
bring the Inside banks into the sys-
tenn.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-01

plus reserves Loans and discounts
increased $1,3l1.0O0.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-01
Fractional Lot Service

Orders executed in any amour, Of Stocks
and Bonds for cash.
We carry 10, 20 or 50 share lots Of sea
,oned. safe stocks, dealt IN on any Of tho
Exchanges, on margin.
On the Consolidated Exchange all our
orders, reports and quotations are transmitted
by signal, afording instantaneous service.
Certified accountants statement Of audit
Of our books published quarterly.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-01
CHELDcK-MonGAM
g. Company NV

Members
NEW YORK STOCK EXCHANGE.
40 Broadway. New York
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-01

Bank Clearings.-The days clearings
II New York and other cities:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-01

Silver-Bars in London, S1h cents'
New York, TAN cents; Mexican doiisrs'
J6&t cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-01

Boston Bank Statement.-Ihe weekly
statement of the Boston banks as
closed a decrease OF S1,lbt,o0V IN sur
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-01

Sub-Treasuy.-New York banks lost
10 Sub-Trcasury $3,4S2,S50.
Arizona republican., 1917-12-02
NEWSbOYS ARE
 GUESTS 1T ''Y''

Almost every newsboy in town was included in the list of youngsters en- tertained at the Y. M. c. A. last even- ing at a special program prepared for their benefit. The boys were treated to the use of the gymnasium and the swimming pool besides engaging in a number of games.
 Last night was also stunt night for the association boys, including all be- tween the sges of 10 and 16 years, in- elusive, sasenging to the association. A part of Sss program consisted of an indoor bas~2N Nl game and other gym nasium stunts, followed by a Christ mas story by Physical Instructor G. E. Simmons and a weiner roast in the educational rooms and an aquatic meet.
 | The program was largely for the purpose of getting the boys lined up for the special public exhibition to be given in the gymnasium on December IA. All classes and all members of the association will participate in this pro- gram which will comprise a nullber oi interesting features. Scout drills and an aquatic meet are expected to be of particular interest.
Arizona republican., 1917-12-02
SPARTAN WORDS
 FATHERS N0TE

Leaving today to join the Second Kentucky Infantry, Charles Marshall, deputy collector of internal revenue for this district, will serve his country in the same regiment with three of his brothers, all under the age of twenty one. A fourth brother is in the navy, The Second Kentucky is at present stationed at Camp Shirley, Mississippi, and in it are many relatives and old time friends of young Marshall The southerner has made his headquarters in this city for the past four years in which he has been in government ser vice. Since the outbreak of the war he has been considering whether or not he should enlist and had fully made up his mind toward this end when he learned that his brothers had followed the same course. He immediately pre- pared to join their regiment that they might take their chances together across the sea.
 He advised his father, Ben Marshall of Frankfort, of his plans and the reply rom the Kentucky tax commissioner and highly cherished by his son will be among the few papers he will carry with him to the front.
 Regarding your future. I would sug- gest that your first duty is to your
 
 can render the greatest service. If in the opinion of your supeior officers, you are more valuable in your present position, you should stay; but if in their opinion you could render greater service with gun, you should immed- lately enlist" wrote the father to his son.
 Do as you conclude to be your du- ty and my approval is full and com plete. I know that my boys are not bred to be slackers and will do their part in these great times of peril and uncetainty.
 May God bless and protect you in your daily walks, may He guide your footsteps that temptation will not over take you and should you be called to the front, may He give you wisdom, strength and courage to acquit your self as an American should, as a Ken tuckian will and as a Marshall must.
 Lovingly,
 Father"
Arizona republican., 1917-12-02
ARIZONA REPUBLICAN, SUNDAY MORNING.
CHANDLER SHOP
 |S AGAIN ROBBED

Burglars believe that practice makes perfect in the case of the Leader store at Chandler, belonging to Joseph Fried berg. Believing this to be true they are practicing on the store regularly, the fourth successful practice in a year having taken place this week, Friday, when the store was robbed of goods valued at $100. It looks as though any burglar feeling in need of anything which the enterprising Chandler mer chant handles, simply goes to the store and does his bit in practice, hoping for ultimate perfection in some really big burgeling job on a bank or something
 The fourth successful robbery of the Chandler store took place at about o'clock Friday morning. A large show window was smashed in and it's con- tents taken. The night watchman passed the store shortly before o'clock and again at o'clock, on the latter trip finding the broken window which was not in that condition when he first walked by.
Arizona republican., 1917-12-02

one of the largest investment bank ing houses in the United States. He has already opened exceptionally well equipped offices in Rooms 2O3 and 204, Stroud building, 27 North Central avenue. The opening of these offices, MT. Green says, in- augurates a new era for Arizona investors by placing them on the same basis with the investors of the long established financial centers or the east.
 Next to the J. P. Morgan house, that of Andrews & Co, is the larg- est in the world handling industrial securities" said MT. Green yester- day. Andrews & Company are not promoters. They handle nothing but high grade, dividend paying indus trial securities in companies which they have refinanced by buying out right a complete issue of stock with their own capital This stock is set aside until the company has placed itself on dividend paying basis be- fore Andrews & Co. offer the se curities to their clients. In this way the investors interests are safe | guarded and the element of risk al most entirely removed. Some of the recent issues have been the Saxon Motor company, the Hupmobile company, the Diamond Goodrich Tire company and many other successful industrials. Al, drews x Co. claim that in their Is years of business, not a single in- vestor has made a loss on any in vestment offered or sold by them al the original offering. They have gradually built up a. clientele ex- tending from coast to coast anC have more than 100000 customers or their books, a large percentage O whom are living comfortably on thu income from Andrews & Co. in vestments."
 r Andrews and Company recent, opened offices in Seattle, Portland and Salt Lake. Mr. Green was of fered the management of either o these but he chose Phoenix as tn most promising for his persona success.
Arizona republican., 1917-12-02

tack upon a people who hate the al- liance with Germany and who would gladly break that alliance if they had the power to do so.
 'tWe know that Bulgarian and Turk ish officials are increasingly friendly towards the United States as they be- come dissatisfied and even hostile to German rule. This is tendency to be encouraged rather than discouraged"
Arizona republican., 1917-12-02
ELKSMEMOR|AL
 SERVICE TO BE THIS AT TERNOON

Memorial services of Phoenix lodge of Elks will be held this afternoon at 2 o'clock in the Elks theater audito- rum. open to the general public as well as to members of the order. The doors of the theater will open at 2 o'clock and members of Phoenix lodge No. 339 and visiting Elks will gather In the lodge quarters at 2:30 o'clock to attend in a body.
 There is no more impressive lodge ritual than the annual memorial serv- ices of the Elks and this year a pro- gram of exceptional interest has been arranged. The three members of the local lodge who have died since the last annual memorial services are A. B. KellOg, E. B. O'Neill and Christy Mackin and their memory will be es- pecially eulogized. The program for the services is as follows: Introductory music. NH in the Forest. .... Rich Elenburg charm DAmour. .........C Carl Boehm
 Orchestra Religioso March. Paris Chambers Opening Ceremonies
 Exalted Ruler, H. B. Cassidy Opening Ode.
 Invocation Brother Bertram R. Cocks Air from Neundorffs Opera Hamlin .................... Arr. Roberts Roll Call of the Absent. Turn Back the Universe and Give Me Yesterday ...... Ernest R. Ball
 Billy Cochran Altar Exercises
 Exalted Ruler and Officers 'I Mourn as a Dove. .,.... (From St. Peter) by Benedict
 Mrs. Doane Merrill Eulogy
 Brother Mulford Vipdsor Yunoa
 Lodge No. 476 The Rosary .Nevi1
 Brother F. J. Myers
 Closing Ode.
 Closing.
 Benediction.
 Exit Morch, National Emblem. .... bdBley Orchestra under the leadership o1 Brother Walter Boothman, Danbury Conn. Lodge No. 12O.
Arizona republican., 1917-12-02
FALSTON CLEW
 RUMOR STARTS

Satisfied with the result of their search and investigation in connection with the disappearance of Kenneth c. Falston the twentieth of last month, Roy Morrell. constable of the east pre- cinct and Mike Strathy of the city po- lice, intimated last evening that their day had not been wasted. Although they have not yet recovered the body of the missing man, their efforts have not been unavailing to a certain extent, for details that they believe will tend toward unraveling the mystery were worked out yesterday.
 The search was confined to the Ari- zona canal on Saturday and for many hours Morrell and Strathy worked on the canal in rowboats.
 The dragging of the canal did not reveal the body.
 The search will be continued today.
Arizona republican., 1917-12-02

into the hands of the Berlin officials, in the opinion of pr. William E. Strong, editorial secretary of the American board of commissioners for foreign mis- sions.
 ''Why the United States should de- clare war upon either Turkey or Bull garia is incomprehensible to those who know anything of the internal situa- tion of those two countries" said a statement issued by pr. Strong tonight. Both of the countries are as much
Arizona republican., 1917-12-02
NOTE SUIT LOST
 IN LOCAL COURT

A jury in Judge Lyman's court re-
 turned a verdict for the defendant in
 the suit on note brought by Dr. William
 G. Lentz, who sought to recover s3,500 from l.. D. LanderS Landers gave a promissory note of $500 secured by 1,750 shares of stock in the Non Electric Fan company once issued tp A. H. Weber who resold the
 note to Dr. Lentz for S2,500. The doc tor alleged that he had been de- frauded.
 Landers testified that he had been deceived into buying the stock for which he gave the note, but declared that Lentz knew that the stock was worthless.
Arizona republican., 1917-12-02
DR: NORTON LOSES
 HIS DODGE AUTO

While Dr. J. c. Norton was in his office last evening some one drove off in his Dodge car. The doctor believes that the person who took the car evil dently mistook it for another machine because the tonneau was filled with some jute bags full of grain whose presence would preclude the possibility Of a joy riding party. The cars num- Der Is 15,959 and was supplied with five cord tires. It was left near the Fleming block at o'clock last evening and was missing at o'clock
Arizona republican., 1917-12-02

under the control of Germany as are Belgium and Poland
 Those who have come out of Turkey during the last few months give only one testimony, and that is to the effect that Turkey is heartily tired of the domination of Germany. Even the leaders recognize that they went into this war not for any possible gain to Turkey but with the every opportunity of losing everything.
 Tt would be cruel to make an at
Arizona republican., 1917-12-02
ANDREWS & C0.
 BRANCH IN CITY

Charles R. Green, for three years business manager of The Arizona Republican, which position he re- linquished six years ago to assume the management of the Pasadena News, has returned to Phoenix as the representative of Andrews &
 Company of New York and Chicago.
Arizona republican., 1917-12-02

Do not wait till tomorrow-phone that WANT AID to The Republican and dispose of or get what you want.
Arizona republican., 1917-12-02
TURKS ARE TIRED
 IF GERMAN RULE

rRepubtican A. D. Leased Wlre1 BOSTON, Dec 1.-The Turks are
 heartily tired of German rule. and a declaration of war by the United States against Turkey now wtmh be playing