davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06
New York

Brings Foreclosure Suit Against
Traction COmpany.-A foreclosure suit
was brought in the Federal Court yes
terday BY the Central Trust Company
Of New York, AS trustee. against the
Fort Wayne & Northern Indiana Trac-
ton Company, because of default in
the payment OF interest due on first
and refunding mortgage bonds amount
ing 70 1921, 900. The defendant COM
pany deposited as security for a mort
gage, made in 1919, S2,S50,0O0 of the
first and refunding twenty-year gold
bonds with unmatured coupons at
tachcd. These bonds were by agree
ment with the mortgage later on
pledged with the Central Trust Com
psny as seclrity for the payment Of
principal and interest Of its ilye-year
collateral trust notes.
Cleveland Electric Bonds Sold.-The
entire amount of approximately $4.-
100000 first mortgage 5 per cent bonds
of the Cleveland Electric Illuminating
Company has been sold, according to an
announcement made yesterday by
Spencer Trask & Co. and the National
City Company.
r. J. Kent Given Leave Of Absence
The Bankers Trust Company issued a
statement yesterday saying that Fred
|. Kent has not resigned as yice-prcsi-
dent OF that institution in order TO
assist the Federal Reserve Board in
connection with its control of the for
eign exchange transactions of the
country. The bank states that Mr.. Kent
has been allowed leave of absence in
order TO give him the time necessary
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06
Money and Credit

The banks loaned freely at the
Stock Exchange yesterday, and the rul-
ing rate for call money was reduced to
81 per cent, with a high of per cent
Tuesday the ruling rate was per cent;
Somewhat larger offerings OF tXed
date funds were reported in the market
Yesterday. Some business was done IN
loans based on industrial securities al
81, per cent for sixty and ninety-day
periods. -, ,.. II
Announcement from Washington OF
general increases in discount rates IN
practicallr all parts Of the country was
without influence in tho open market
at this centre.
Ruling rates for money yesterday
compared with year ago were as FOL
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06
News Digest
Foreign

Presidents Message Cheers.-LON-
DON, Dec. 5.--Thc stock market was
chcered by President Wilson's mes
sage. which stimulated gilt-cdged Sc
curities, but the volume of business
was only moderate. because money is
being diverted to war bonds. Spanish
bonds we're strong features, and oil,
shipping and industrial stocks were
firm, while the other sections were
quiet.
Paris Bourse.-PARIS. Dec. 5.--Trad-
ing was quiet on the Bourse to-day.
Three per cent rentes, 90 francs 90 CEN
times for cash. Exchange on London,
81 francs 2li2 confines. Five per cent
loan, 81 francs 50 centimes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06

Bewildering fluctuations in prices
featured the most exciting day on the
Stock Exchange in several weeks.
The session began with stocks under
pressure Of heavy professional sell
irg. a continuation of the movement
started late Tuesday, when traders
placed an unfavorable Interpretation
upon the Presidents remarks con-
corning profteering. Weakness pre-
vailed throughout the first two
hours. Several issues, notable
among them United States Steel,
made new low records for the year.
The turn came shortly after noon,
when the text Of the annual report
of the Secretary of the Treasury
reached Wall Street. Two parts Of
Mr.. McAdoo's report appeared to be
Of outstanding Importance to stock
market traders. The first was the
statement that "the general economy
of the country should be permitted
to adjust itself TO the new revenue
laws before consideration should be
given TO the imposition of additional
tax burdens" and the second the
announcement that constructive
measures through which essential
credits may be provided for those in
dustries and enterprises in the coun-
try essential to the efficient and sue
cessful conduct Of the war" are un-
der consideration. These sections OF
the report were hailed with enthu-
siasm, the declining tendency was
arrested, and a rally ensued. The
market had quoted down again, and
was fuctuating inactively within
narrow limits when the most I'M
portant news Of the day reached the
Street.-The special report to Con-
gress of the Interstate Commerce
Commission. There was much con-
fusion for time as TO the meaning
of the commissions recommends
items. and the market made little or
nc response to the news for nearly
a half hour after it had been pub
Ished. But when tr"ders had de-
cided that government ownership
was not involved, and that under
either of the proposals advanced by
the commission shareholders would
be likely to fare at least as well as
can be expected under the conditions
which obtain at present another
wave of buying swept over the mar
ket. The first issue to respond was
New Haven, which is in such posi-
ton that neither government opera
ton nor government ownership holds
apy terrors for it, but in q few
minutes the whole market began To
swing upward under the leadership
Of the rails. Not only was there a
rush to cover by those who had
previously sold short in anticipation
Of a decline, but substantial buying
for long account and even some OF an
investment character were in eyi-
dence. The extent Of the recovery
may be Judged from the fact that
after heavy early losses me average
rrice of fifteen representative rail-
read stocks closed with a net ad-
vance of more than two points. The
strength of the market at the close
is indicated by the following table
which shows the last sales and bid
and asked prices Of number OF
railroad and industrial stocks:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06
TO THE HOLDERS OF
RAILWAY STEEL.SPRlNC COMPANY
U.atrobe PlanD First Mortgage Sc. Gsl
Bonds dated January !, 1905
REDEMPTION NOTICE.

NOTICE rs HEREBY GIVEN. a. provits.
nv Article " OF the Mortgage dated jas
f. 1905. made by the Railway Steel-spraf
Company 70 the Standard Trus, compa,Y
OF New York. Trustee. Guaranty Trrr
Company OF New York. successor. TIA,
tho Railway steel-spring Company 70
redeem all OF It's outstanding Firs, Ner'
eaee Five Per Cent Gold Bonds ia.
,robe Plant. issued under said hortgis',
on Jan. /, 1918. al one Hundred and Fis'
Per Cent Q05es) % the face va!1e there
OF. with accrued interest thereon 70 Jas.
1915. said bonds will be redeemed At ~
Coupon Department ~ the Cuatsnu
T-ust Company OK New York. 40 Broad.
way, New York City. and should have A.
tAched coupons due Jan. Z, 1915, are;
which date Interest will cease.
HALFWAY STEEL-SPRTNG COMPANY
By +. T. FITZPATRICK. PRESSES;
Dated New York city. Nov. II. 1917.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06
Exchange Officials
Keep Closer Watch
On Short Selling

The decline in security prices on
Tuesday following publication Of the
Presidents message led TO greater
activity yesterday on the part Of the
Stock Exchange authorities. who are
directing their efforts toward the pre-
vention Of what they designate vicious
hort selling.
While no statement was made public,
was learned that the operations Of
q well-known Spectator were given
peeial attention. Il was understood
hat reports were circulated from this
source before the opening Of the mar
ket that a bear drive would be made
on steel.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06
Cotton Men to Confer
On Textile Problems

BOSTON, Dec. 5.--Preliminary plans
for two important meetings are an
ncunccd BIZ the National Association
of Cotton Manufacturers for the new
wear. The first will be conference
on "War Problems in the Textile In
dustry." to be held in Boston on Jan
uary is. RE second will be tho annual
meeting Of the association, held in the
past in this city, but transferred for
the new year 10 New York. Il viii be
held May /, and 3, at the Hotel Bilt-
mora
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06
American WoO'en Company
(Mas.aehusetts Coporation)
nINInEND

Notice r. hereby given that diNdead q
cns Doilar and Seveuty-Tlve Csnts GLIB
per share on the Preferred stock and Z
dividend OF one Dollar and Iweniy-flt'
Cent? Cii.25) per share on the Con r.
stock OF this Company VIII be PAD on S.-
IS. 1918, TO stockholders OF record DEC L.
1917. -,
Transfer books viii be closed a. ne zoe
OF busineSs Dec. -. 1917. and VII % y
opsned al the opening ~ business Dec. u
1917 WV. n. DWELif, TEoassf6
Rnsfnn. Mass.. Dec. 5. l9ll.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06
Elections

T. II. Brownwell, director and men.
Der of the Executive Committee Of 4,
American Smelling & Refining Coz.
pany and the American smeltes s..
curities Company, has been elected ,
vice-president Of both companies.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06

FL. Dame, formerly vice-presidsct d.
the Central States Electric Co7en,
ton. has been elected president Of ds
company to succeed George A. Callivv
who resigned 10 become vice-presltsr.
Of the American Writing Paper Con.
pany. r. p. Stevens has been electss
a director in place Of Mr Galliver
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06
,vEpIc,> sNrrr cOMPANY.

Memphis, Tenn, peceino ?, go
Dividends % ~ o on The Preie,, styvygi.
and 20 on tho Common stock OF 49, a.
CAN SNUFF COMPANY wtre to.es s,,.ss.
cls-ed payable January :, 1915 70 '.s,,s,
holders 81 record ~ tho close 81 ols,,l
December u 1871 Checks VII pe
Transfer books wlil remain oneh
n J. FINCH Tseas1fe'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06
IHr AMhR,cAN to ,,,','.' w.

No. Ill III 10 strhus' f,;f
NeV Ycrk. nesrrl - p -
A 5lrldsrt 4 I've LGs bee1 oec1e. rs
tho ygsserr-f stock Il To AmcficAa I.ssss.s-- Z
PAW payahis Jsnuary :. 1915, 70 sc, n, 80
fcoorl a. ne close q business Dsoen'0
'Hs'A' VIA 70 ~ ". HICKS frss'fr
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06
croRop ". HEIuE COMPANY:

IN MN Az. New YORK DC. ,, =. 20
Dividends OF one and thres-qn1i- - a.
cont on mo Preferred stock aud Two -,
one Half Per Cent and an extra ~ a.
Cent on the Common stock 81 "eois'.r,A
Helms Company were this DAY 49,, n
payable January .. 1915 10 sioc no
record Al the close % business w.
-. 1917. Checks Wiii be mailed -.
y ID. CHRISTIAN. Scc'y q -
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06
Current

The above rates express the cost Of
foreign money in terms OF the Ameri-
can dollar You buy an English pound
sterling at, say, s4.75is. The intrinsic
parity is 81 $685. per pound. Thus, you
say either that pounds are at discount
or that dollars are at a premium, 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 coun-
try for pounds with which TO settle
accounts IN England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06
DIVIDEND NOTICES
BETHLEHEM STEEL CoRPoRATIoN.
Noiice OF Dividends on Preferred, comn'i
nnd (la.a Is Common stock.

The gi.5 dividend upon me Son ~
iohsm steel Corporation, which was q,
clared November %, 1917 and ne ieI.
lnstalmsnt Of iNT, u the seven ger e..
dividend upon tho Seven per cent Nes'
Cumulative Preferred stock % The Corre,,s,
tlon, which was declared on Jahusy ,; 4;
1917. Will be payable on January w,
"a the respective holders % record Of ~.
stock at three o'clock p. n. On DeeenS'
IS. 1917.
Checks will be mailed.
u. n. JONES. Seereii7'
pafef December ]. l9ll.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06
AMERICAN CAN co.

A dividend Of 37i57 per cent has ceee "
clared upon the Preferred stock OF ms -
many, this being final payment OF aeee s-
istei deferred dividends, payable Dtcems =.
s0th. 1911. 20 Stockholders Of record a. ~,
close of business December lltns IL ~
Transfer books will remain open Cn''N
X. N. IsM0S,
Se--efary & Treasg;G.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06
p IoRuIARp COMPANY.

New York. December etn !. pr,
Dividends OF Si7j per share on w. =, ~
ferred stock and g. 90 per shns .'s.rss,f
Common stock % z Lorillard ~. ~
have been declared payable Jsnu 49, 80
1915. 70 stockholders Of record ~ 'Hs-hs,ss
OF business december i5th, 1914
will be mailed. 49,. -....arer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06
AMERICAN CAN co.

4 quarterly dividend Of ons ana - 4,
quarters per cent has been declared upoo ~
Preferred Stock Of this Company plsss-i
January End, iefs. 10 Stockholders OF To- "a;
~ the close OF business December lssS.. ~.
Transfer Booas viii remain open Wv
X, II. IsM0N,
e..-starr 9 IreasufeI.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06
MEETINGS

sSrr n" %r,y T H%iposM plPasrn r.
vin ~ he'd Al ~ cioe. No ~ iI
New York cy. o. THURSDAY. 'ecsn's -
a. . c'ccSk T. n. for the eir1nea - -
acion ~ such other eusinsss 20 nay
"'''' ne nesting uEax.s srnAuA 80
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06

Charles II. Ewing has been slset!
vice-pres,dent in charge Of operates, d.
the Philadelphia & Reading Rsiv,,
Company, and F. 81. Falck has been ~.
pointed general maneger.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06
The Dollar in Foreign Exchange

Exchange rates moved sluggishly in
a quiet market yesterday. The prin-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06
Corporation Returns
Missouri, Kansas & TeII

Missouri, Kansas & Texas
1917. 1915.
October sros5 ....,..s4.tso,87e $685.. gig
Net after taxes. s25,767 i,o95,oeo
ST. Louis-Ssn Francisco
1917. 1916.
October gross .s5,e7t.st3 s5.i5s.l 62
Net after taxes. ...... f.s75.2s2 1,S4Lee3
Canadian Pacific
1917. 1915.
October gross ......Si4,733,74 si3.237 ,oSS
Net ................ 5,o54,7o2 5.674,739
New York, Chicago & St Louis
1917. 1916.
October gross ........si. 546.355 Si.425,s6i
Net alter taxes. 299.732 2to.6eS
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06
BETHLEHEM STEEL CoRPoRATIoS,
Notice OF Dividend on Eight FER oe'
1urauIa.fxe Convertible Preferred stoeA

Cumulative Convertible Preferred c'ees
The &C., dividend upon the bighi FI -. !,
Cumulative Convertible Preferred s'oe. !.
Bethlehem steel Corporation. wnleh ~
daciared November 20. 1917, will be ~
able on January .. 1915. 20 the respeS.N
holders OF record OF said STOCK AZ u"
o'clock Z. " on December Is, 1911
Guaranty Trust Company Of New u
tho record holder OF the entire issue ., ~
Preferred stock, will pay. on JsnusI.
the Full Paid Subscription Reeeip,.
three o'clock l.. ~. on December 10 ~. y.
the amounts which Il shall reeeiFs
spect OF the shares represented !"
Subscription Receipts.
Checks will 10 mailed.
GUARANTY TRUST CoHPASr " b
NEW YORK.
Dated December I, 1917
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06

Below is given the current exchange
value of foreign money in dollars and
cents, together with the intrinsic COLO
parity, as calculated by the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06


are assured Of fair treatment,
The Federal Reserve Board has
approved an advance in discount
rates of half Of l per cent, "to dis
courage imitation and promote sound
business conditions" The board
must be optimistic indeed if it hopes
to discourage initiation merely by in.
creasing the price for commercial
money half of l per cent. Initiation
is one of the most serious problems
with which the country is con-
fronted, and it is also about the only
che in which to arouse either public
or official interest. Perhaps if the
Federal Reserve Board were 10 take
up the problem in large way, as 1t
should, instead Of adopting such
lame expedients as a trifing adj
vance in discount rates, it might suc-
coed in accomplishing something
really worth while toward checking
imitation, if it really wants to do
that. Probably it doesn't. Less than a
year ago members of the board were
urging the centrnlization Of money
cold nc n measure IN nrevent initiation
of bank credits. The recent public ut
terances of some members of the
board would seem TO indicate that
they are now advocating the same
thing for exactly the opposite rea-
son-that gold can be used more eff
fectively for such expansion if mob.
;ilZed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06
Relevant Facts

November interpretations. - Papers
filed in the principal states for new
companies with a capital Of 100000
or over for the month of November
involved a total of 1871 400, &C
cording TO the compilation of "The
Journal Of Commerce" This Is the
largest total for this particular month
in a number of years. a year ago new
interpretations totalled S275,66s, 500.
Total interpretations for the year to
date amount TO $500, 100000, com
pared with s2,43s, 100000 in 1916 and
1921, 100000 in 1915. Since the be-
ginning of the war new oil and gas
companies involving a capitalization Of
s1,34s,0s5.O00 have been incorporated
in the United States.
New Oil and Gas Companies
Charters taken out Tor oil and gas
companies in the month Of Novem-
Der, according to tabulation pre-
pared By "The Oil Trade Journal"
represent a total authorized capital
cation Of approximately Sl2o,0o0,0oo,
covering about 40 new companies.
November Mining Diyidends.-Divi-
derds paid by American mining cor
porations in November amounted to
$9.697 1873, compared with Sl2,245,27o,
according to "Thc Engineering and
Mining Journal" For the eleven
months of the current year, payments
aggregated $lsS,s98,S $50.
Julius Kayser & Co.-Ihe annual
report issued yesterday showed net
profits for the wear ended August 81
last Of S17S1.197. sThis was after de-
Quoting $4,000 for Federal income
and excess profits taxes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06

20 advise with the Federal Ressr
Board.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06

Commercial Papcr.-Rates were IN
changed yesterday at 5la 20 50 per
cent for The best regular matuTitie5.
Official rates Of discount for each Of
The twelve Federal districts arc as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06

provements and betterments made
by the President during the period
Of his operation could be paid for by
the carrier upon return to it of the
property after expiration of that pc
Rod" Under either proposal-and
it seems likely that one or the other
will be adopted-the stockholders
are assured Of fair treatment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06

Sub Treasury. - New York banks
gained from the Sub-Treasury ST.
100000.
Silver.-Bars in London, 424d, IN
changed; New York. $3.50, unchanged;
Mexican dollars, G5Ac. unchanged.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-06

London Money Market.-LOND0N,
Dec. 5.-Money was in better supply at
ga per cent. Discount rates; Short
bills, 4 5-s per cent; three-month bills,
a.. per cent. Cold premium at Lisbon,
100.
Evening star., 1917-04-15
LONDON PAPER EULOGIES
U. S. AMBASSADOR PAGE
His Address to Pilgrims Club Classed
as Remarkably Eloquent,
Thoughtful and Sincere"

LONDON. April Is. 3:O5 am-The
Sunday Observer, under large head
line entitled "The American Ambassa =
dor" says:
The address of the American am
bassador to the Pilgrims Club was an
oration SO altogether remarkable, so
eloquent, thoughtful and sincere that
1t riveted the attention of its hearers
and moved them to unbounded enthus-
iasm at the close. No speech more
worthy of the world crisis has been
made on this side of the Atlantic since
the war began. and we only wish that
the ambassadors words will be re-
printed and distributed by the million
copies in our country and his own.
For here is one rare statesman who
understands both nations and can so
express what he knows as to help them
understand each other. No successor
to Lowell could have done more; first.
to prevent friction from leading to dis
aster, and then to bring about an
epoch making brotherhood which
means the turning point for civiliza-
tion. When Ambassador Page came here
he was little known. 1t fell to his lot
to take more momentous part in the
worlds affairs than the most famous
in the long line of American ambas-
sadors.
Through infinitely trying circum-
stances of stress, difficulty and doubt
he never failed in tact or wisdom. He
never made a false step or uttered a
extent to which the respect. confidence
and liking which he began to win from
the first have ripened amongst us into
a grateful admiration and affection"
Evening star., 1917-04-15
OBJECTS TO CONSUMPTION.
Woman Member of Colorado Senate
Protests Compulsory Military Service

A protest against any idea the gov
eTnment may have for ccnscripting
men into the army is voiced in a state
ment made public last night by Mps.
Helen Ring Robinson. democratic men,
ber of the state senate of Colorado,
who is visiting this city.
I'VE voting women in the west have
been greatly disturbed over the War
Departments suggestion that our boys
shall be drafted forthwith for this war.
We are willing to give them. yes. but
we are not yet willing to see them re-
duced to tho level of European con-
scripts. That seems to us too much
like the prussianism we are in this
war to oppose. too much like trying to
cast out the devil in the name of the
devil.
Mr. Wilson himself furnished US our
platform when he said that we were
going into this war because of the de-
struction of human life. not over prop
erty rights. BY the same token. before
we yield to the conScription of life we
demand the conscription of property
for this war. The superfiuous millions
of Mr. Rockefeller. for instance, should
be conscripted for the country's use
ahead of the life of the young lad
whose life is all he has.
The west will certainly oppose the
conscription of men unless accom-
panied by the conscription of money.
Evening star., 1917-04-15
NOTED BELGIAN ARCHITECT
LECTURE IN CAPITAL
Prof. Victor Horta of Royal Acad-
emy of Belgium to Speak
at G. w. U.

Prof. Victor Horta. famous Belgian
architect. director of the Royal Acad-
emy of Fine Arts of Brussels. and mem
Der of the Royal Academy of Belgium,
will lecture May IS and l6 in the
Medical School building of George
Washington University. 1925 II street
northwest, under auspices of the uni
versity.
Prof. Horta is dean of the Royal
School of Fine Arts of Brussels, knight
Of the Order of Leopold. and officer of
the Crown of Italy. He is travelling un-
der the auspices and personal recon-
mendation of the state minister and the
minister Of Justice of Belgium.
He has had charge of many notable
works. including the Maison du Peuple
at Brussels. the Central Stores and
Bakery Of the cooperative works at
Brussels. the great fashion shops of
werp the Grand Bazaar at Brussels, the
Bazaar International at Frankfurt-on-
Main. Germany; the Chateau de Chem
bley, near Nancy. France. and the Cha
teau and House Solway at Brussels At
the outbreak of the war he was in
charge of the construction Of the Great
Central railroad station at Brussels
and OF the General Hospital at Brussels
AS director of the Ecole Royale de
Beaux Arts, he has been assigned by
the burgomaster of Brussels to renew
completely the program Of the fine arts
teaching in Brussels.