davidaulloa/AmericanStories huggingface dataset:
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-11-20
SAILORS in WATER
; DAYS AND NIGHTS
By ASSOCIATED PRESS

A Brazilian Port, Nov. 19.-The
loss of the American whaler Alice
Knowles, 302 tons gross was reported
on the arrival here today of the
American schooner Fred W. Thurlow
The Thurlow rescued two Portuguese
sailors on September 7th. They re-
ported they had been in the water for
three days and nights, holding to part
of the life boat
The Alice Knowles was wrecked in
hurricane on the light of Septem-
Der 3rd All the crew, including
Captain Hegarty and the captains
young son, were washed overheard
when the vessel capsized.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-11-20
Y. M. c. A. WAR WORK
FUND OF $ MILLION
HAS BEEN RAISED

New York, Nov. 19.-The Y.
NJ. c. A. fund of thirty-five
millions to provide for soldiers
and sailors of America and her
allies, has been raised, it was an
nounced tonight by George w.
Perkins, chairman of the finance
committee of the war work coun-
Gil.
While final figures are not to be
available before Wednesday, Per-
kins stated reports from various
parts of the country left no doubt
the full amount and probably mare
has been contributed.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-11-20
Shippers Sharp Ruse
Fooled U-Boat Commander

using material almost non-compusti-
BILE, but which produced heavy smoke.
When the submarine came close
the steamer was stopped. The cap
tain told the U-boat commander he
carried explosives and that on ac-
count of the fire he was about to
abandon ship. The submarine imme-
diately departed, it's commander evi-
immin>nt.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-11-20
In Ne,U York
Sho1Os a Marked Decrease

board, "a man who lost his job
through drink was not able to get
another one for six weeks or so. So
ne stayed drunk during that time.
NOW, an habitual drunkard loses his
job on Saturday, sobers up and gets
a new one Monday. The result of in
dlrect prohibition is that no one
drinks SO much, and habitual drunk
ARDS are regarded with less toler-
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-11-20
NEW PLAN SECURES
DEPOSITS OF CITY

Banks of the city may deposit cer-
tificates of deposit with the city COM
missioners in lieu of making the Gus
tomary guaranty bond to secure de-
posits, as has been the case in the
past. This was authorized by the
city commissioners &. the meeting
yesterday, and during the meeting
announcement was made that one
bank the American National had de-
posted certificates valued at $65OOO
to secure city funds.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-11-20
BY Associated Press

An Atlantic Port, Nov. 19.-Fires
kindled on the matches of an Ameri-
can freighter saved it from subma-
rine attack recently, according to of.
ficer of the steamer, which arrived
here yesterday. Shortly aftar Ieav-
ing a European port, a U-ho.+ was
observed approaching. The canta;n
ordered small blazes on the hatches
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-11-20
By ASSOCIATED PRESS

New York, Nov. 19.-Drunkenness
has decreased greatly in New York
because of the demand for labor
caused by the war and indirect" pro-
hibition, according to conclusions
reached by officials of the board of
inebriety and hospital authorities,
made public today.
"Under former conditions said
Charles Samson, secretary of the
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-11-20
LLOYD-GEORGE REPORTS
SINKING OF FIVE SUBS,

London, Nov. 19.-Five German
submarines were destroyed on Sat-
urday. Premier Lloyd George made
this announcement today in the
house of commons
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-11-20
MAJOR RICHARD WIEL
DIES AT WHEELER OF
CASE OF PNEUMONIA
BY ASSOCIATED PRESS

Macon, Ca, Nov. 19.-Major Rich
ard We'll, chief of medical staff, camp
Wheeleh base hospital, is dead from
pneumonia. The body will be shipped
to New York tonight.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-11-20
GEORGIA GOVERNOR
ON CAMP CONDITION

Savannah Nov 10 - T~--o--~' ~
Dorsey, of Georgia, declared here to-
day tnat deEelUpl.t.iv pas - -:
among the men at Camp Wheeler,
which had caused the death of ten
within the last forty eight hours, was
from lack of oercoats and blankets,
and that the real seat of trouble was
in Washington. 1t was not at Camp
Wheeler or from Georgia conditions.
ANOTHER FLORIDA BOY
VICTIM OF PNEUMONIA.
Atlanta, Ga, Nov. 20-The Camp
Wheeler dead of pneumonia, arc:
Ephraim T. McCurley, of Opp, Ala,
and Eugene Eubanks, of Boar. Ala.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-11-20
7 II E w E A T H E r .

Local rains Tuesday, except fair south
portion, colder northwest portion. Wed
nesday, fair northwest Winds.
Highest temperature yesterday, OF de-
orees; lowest, 55 degrees.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1917-11-20

Continued on Page Three)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-20
Republic Iron
And Steel Earns
S43.26f for Common
Nine Months Report Favor
able, Despite Heavy
Charges for Taxes

Ont Of total income Of s23 ,502,52l for
the first nine months OF the current
year the Republic Iron and Steel Com
many has laid aside SS,636,60 to cover
the full estimated amount Of accrued
excess profits and income tax Tor inc
wear to date, according to an offcial
statement issued yesterday by John A.
Topping, president Of the corporation.
Net profits available for DIVIDENDS
were s13.o45,33s. and after allowing Tor
the dividends on the preferred. the bal
,nce available for the s27 ,l91 900 COM
mon stock was equivalent to S43.26 a
share. During the nine months perlou
the company expended S2'4o low io'
maintenance charges and repairs
In his remarks TO the stocKholaers
Mr. Topping said: Ia,
"This statement is submitted in lieu
NJ the usual quarterly statement for
tho period ended September ~, III I. 10
clarity operating results to dste. ne
net profits applicable to DIVIDENDS LOT
the quarter ended September 81 ~ =
calculated on the previous basis OF &C
counting. would have been $685., 40
The foregoing statement is subject 10
adjustment at the end of the year
when accounts are finally audited. Our
fscal wear ends December 81, and the
annual report will be published prior
TO the annual meeting, which occurs IN
April."
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-20
National Bank
Resources Now
Sl6,543,OOO,OO0
Deposits Increase in Spite
of Heavy Withdrawals
for Loan Payments

WASHINGTON, Oct. Ie.-Resources
OF national banks, notwithstanding the
governments great programme OF war
financing. again have exceeded their
previous record. Controller Williams
announced tonight that total resources
on September IL, the date Of the last
bank call. we're s16.543, 900.
"If $4,000 100000 of deposits should
be withdrawn from the national banks
of the country the Controller said,
"their deposits would still be $780,
100000 greater than they were at this
time in 1918, the year before the out
break of the European war.
cit is also significant that while the
national banks of the country have as
sisted so largely in the financing OF
the first Liberty Loan, involving TO a
certain extent the withdrawal of de
posts, their deposits. as compared
with May last, before the Liberty
Loan was announced. show an actual
increase Of Sl54, 100000
Deposits are Sl,s72, 100000 greater
than on September u. 1916
Total deposits are given as 1924
100000 These figures include only
national banks and are independent OF
savings banks, trust companies and
other similar institutions
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-20
Friday, October 10, 1917

The recovery in prices on the Stock
Exchange, and the improvement in
sentiment which has been generated
thereby, undoubtedly has a tendency
70 stimulate subscriptions to the Lib
erty Loan. The abrupt change IN
the course of the market came SO
opportunity that there is some dis
position to attribute the upturn to
supporting orders entered by large
banking interests with that object IN
view. There Is no evidence to show
that this Is true, however. On the
contrary, the improvement seems to
je for the most part merely nat
ural reaction from a declining move
ment which had gone too far. The
market was in what is technically de-
scribed as an "oversold" condition.
The short interest was too large, and
Liquidation of speculative holdings
had reached a point where the weaker
interests had been shaken out. There
fore, when frightened investors
ceased to press securities for sale re
rardless of intrinsic values, re-
bound was inevitable. 1t has been
assisted not only by short covering
and speculative buying for long &C
count. but also 10 a considerable eX-
tent by purchases by bargain hunters
and bv some of those investors who
had sacrificed their stocks when
crash seemed imminent, and who now
take a saner view Of the situation. 1t
is probable that improvement in
prospects for the Liberty Loan has
helped the stock market quite as
much as improvement in the market
has helped the loan.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-20
Trade Reviving
AS Situation Clears

The position Of trade and industry
has not been measured by the recent
downward trend of security prices, &C
cording to "Dun's Review" 1t notes
that there have been more points Of
gain than OF loss in the general situa-
ton, and adds:
Where the outlook has been made
clearer by the partial or complete re-
covery of doubts about commodity
prices there has come an immediate
strengthening OF sentiment and some
revival of activity, and, where other
uncertainties have been lessened or
eliminated, progress has been resumed
with vlgor.
yet of the competitive and excited
bidding which was so conspicuous a
feature year ago there IS now a
wholesome absence, and It IL highly
reassuring that. while many buyers
operate more freely and with greater
confidence, conservatism shows no
abatement. With business coming more
closely under the domination of war
conditions, and with the extensive Fed
eral financing in progress. speculative
tendencies are nearly everywhere being
discouraged"
"Bradstreet's" says that trade re-
ports are more irregular this week.
"The Wholesale and jobbing trade is
good" il continues. but there is evil
dence of more caution as regards dis
tant buying. and retail trade reports
are somewhat slower. Il is pointed
out that in the Pacific Northwest &C
tivity in numbering and shipbuilding is
being retarded by strikes. The reasons
for the ouieter tone in retail cenSes
are found mainly in the interest ex-
cited by the second Liberty Loan bond
cola
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-20
Taxes Cut Profits
OF General Chemical
Earns $3O.62 on Common
Stock in First Nine
Months of Year

Total profits Of the General Chemical
Company for the nine months ended
September 80 last, after allowing for
approximately s1,5oO,ooo In Federal
ta1es, amounted to 1929. 7s9. compared
with s9,18s,13S for tho corresponding
period Of 1915. Had no allowance been
made for excess profits levies the de-
crease would have been about 100000.
For the nine months Of tho current
year there was set aside 1925, 900 as an
insurance fund. No charge Of this kind
WAS made in the corresponding period
last year. There was no change in the
depreciation charge Of 81 100000. After
allowing for preferred dividends OF
s6s4,373 the balance OF s4,s17,415 was
equal TO s3062 a share on the sl5,732,-
900 common stock, compared with $50 a
share earned year ago. The net sur
plus after all charges for the nine
months amounted to S3,873, 400. a de-
crease of s2,370,32s.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-20
Active Securities
Stocks


by Inc A.SbclAtcI lEtrsl
Equipments and other issues com
prising the more important shares
were again the conspicuous features OF
strong and active stock market
Rails and the securities Of other COM
panes which derive less direct benefit
from wars demands also moved for
ward, though more deliberately.
The strength Of the war group was
chiefly due TO an increasing recognition
of tho advantageous position occupied
by some Of these stocks in connection
with new and very large contracts.
Bethlehem Steels retained their lead
Of the previous day, the old common
stock adding 81 points at its best TO
its recent gain, while the new issue
rose to s7&s, making q maximum ad-
vance Of almost 20 points from its
minimum of the early week.
United States Steel's extreme ad'
vance was only IL points to 1868
but all this was lost in the more gen
eral realizing of the last hour, final
quotations in many instances being l
TO 3 points under highest levels.
Shippings came in for much atten-
ton at gains Of to points, and nu-
merous specialties showed equal ad-
vances, while the list was at its best
including tobaccos. feathers, oils, fer
tilizers and sugars.
Coppers and several Of the gas
stocks manifested additional reaction
airy tendencies, this condition being
overcome in part later. The movement
OF rails was irregular, st. Paul pre-
ferred rallying Ga points, while the
common and other grangers, as well as
Pacfics, were susceptible to moderate
offerings.
Bonds were hesitant and limited as
to dealings. Liberty 312s followed the
narrow range of 1910 to 9e.72. United
States bonds (old issues) were I'M
changed on call, the Panama coupon
50 rising q per cent on sales.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-20
Japan Seeking
Blast Furnaces
One Plant Already Purchased
and Negotiations Are I'm
der Way for Others

In local iron and steel trade circles
much interest was manifested yester-
day in reports that Japanese oteel men
are now seeking to buy up American
blast furnaces. The opinion was ex-
pressed that the Japanese would have
to pay huge prices for such plants II
they wanted them, owing to the great
demand for pig iron. the product OF
the bias. furnaces. 1t was stated that
ono furnace has already been pur-
chased by the Japanese. Some others
are under negotiation. The purchase
Of the blast furnaces requires their
demolition and transportation TO Japan
for erection there.
In August interests in India bought
a blast furnace. and it Is now being
taken down and shipped TO The Far
East.
The American embargo on iron and
steel exports has made it necessary for
the Far Eastern countries as well as
other foreign importers of such prod
ucts to make their own.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-20
Nov.r,ber 1 TO stockholders Of record octo-

November / to stockholders Of record oc'o-
Der %.
American Water Works q Electrtc.--hegu
lar quarterly dividend Of ~. per cent on ,n'
cumulative first preferred stock. payable no
yenber 26 to stockholders Of record NoVeih-
Der 20.
Columbia Gas & Eleetric--Regular quar-
terly dividend Of 81 q share. payable woven
Der is to stockholders Of record OCTOBER d.
CIInchA,Id Coal Corporation Quarterly
dividend of per cent, payable November l.
CASTOR. williams & Wigmore-Resuiar
quarterly dividend Of 81 share. psysole
November Is to stockholders OF record no
vember !.
Trenton Potteries.-Regular quarterly div',
d.nd Of II per cent and the usual extra OF
81 NJ / Der cent on the preferred STOCK pay
sble october % TO stockholders OF record DC
tober IS.
r. w. Gossard & Co.-R.rular auarseriy
dividend OF ~. per cent on the preierrea
stock. payable October % 20 stockholders Of
record October %.
Lehigh Valley Transit.-Resular quarterly
dividend OF ! 4 per cent
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-20

This is an average advance OF
more than 912 points. Part Of it was
wiped out by the profit taking which
came toward the close of the day, but
most Of it was held. While the rest
Of the market has improved, the
gains have not been so large as those
exhibited by the steel group, except
in shipping shares, some Of which
have moved almost as sensationally
rs Bethlehem. Two factors making
for particular strength in steel is
sues are reports that large govern
ment orders which are expected to
prove remunerative have been placed,
and the statement issued by the Re
public Iron and Steel Company for
the nine months ended September 30.
This report shows that the earnings
e the Republic will be enormous,
even after the payment Of excess
profits and other taxes, and should
prove reassurlng 10 those VINO nave
feared that little would be left for
the stockholders after the govern
ment had taken its share. AS near
" as one can judge from the report,
earnings after taxes, depreciation,
etc, in the quarter were at the an
nual rate Of about % per cent on the
common stock. For the full year they
will, Of course, be much larger than
;hat-probably twice as great-and
it is quite as likely that earnings will
improve as that they will decline IN
the future 1t must be remembered
that steel trade authorities have
stated that the prices fixed by the
government will enable them to earn
satisfactory profits.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-20

Drygoods Situation.-CHICAGO, Oct.
19.-Discussing the drygoods situation.
John V. Farrell Co. say: "Customers'
commitments for spring are much
heavier than a year ago, collections are
better and more customers are in the
market. The cotton market continues
firm and Is advancing all along the line.
The leading brand OF wide sheeting'
has been advanced by mills 2a cents
a yard, and the tendency among retail,
ers is to buy liberal quantities Of wool
staple dress fabrics for spring delivery
The British government has guaranteed
fax spinners a price Of about Sl25 a
ton on Russian fax until March l, 1919,
which fixes the market on materials
manufactured from raw flax"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-20
Relevant Facts

Marine Shares Buoyant.-The COM
men and preferred shares OF the Inter
national Mercantile Marine Company
were unusually active yesterday, with
the closing prices showing substantial
gains over the closing sales Of the
previous day. Marine common closed
at 26h, up IA, and the preferred at
ss%. net gain of 3ss points. With
the advance the Street heard rumors
that the company contemplates making
a payment to the preferred share hold
ers on account of back dividends. These
were not confirmed.
Chicago, Milwaukee & st. Paul.
After an extensive trip over the st.
Paul lines east of the Missouri River
President Byram says: General bust
ness and prospects along our lines are
beginning TO show a noticeable change
for the better. The last month shows
some improvement In traffic as a whole.
Tonnage IN coal, lumber, livestock and
general merchandise shows slight i'm
provement, and grain will soon begin
TO move in earnest. With the entrance
of the United States into the war at
"a time when the worlds farm produc-
ton scarcely su;fieed Cor normal needs,
the problem of holding in check the
prices Of food and other absolute
necessities presented itself as one OF
the most difficult the government had
to face. The supply Of goods IS wholly
inadequate, for men and capital are
withdrawn from normal channels OF
production, and their withdrawal seri-
ously cripples and curtails productive
capacity"
Zig Block OF Liberty 81 Per Cent
Bonds Soda block Of 100000 Of
the first Liberty Loan sold on the
Stock Exchange yesterday at 1912.
This is the largest single transaction
In this issue since it was admitted to
trading. Previous government issues,
however, have changed hands in blocks
OF this size
Extra Stock Dividends Declared.-Di-
rectors of the American Brass Com
pany, In addition to declaring the reg
ular quarterly dividend OF Z per cent,
have ordered an extra disbursement
of $3.50 share, payable November 10 to
stockholders of record October 81. In
the preceding quarter an extra dividend
of IL per cent was declared.
The Ohio Cities Gas Company has
declared a stock dividend of per cent,
payable in common stock on February
to stockholders OF record January
IS. and also the regular quarterly cash
dividend Of per cent on the common
shares, payable December ! to stock
holders Of record November 10.
An extra dividend Of 2 per cent has
been declared by the Union Bag and
Paper Company, payable in Liberty
Loan bonds on November 10 to stock
holders of record November 8.
Columbia Gas and Electric.-The
September report shows an increase
Of s125,798 In gross revenues, which to-
tailed s732,727. and net earnings after
expenses were s4e4,sS2, or sl73,6l9 in
excess of those in the corresponding
month a year ago. After deducting in
terest charges, etc, surplus earnings
totalled s146,292, an increase OF slIO,-
$50 over September, 1916.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-20
Elections

J. E. Perry, president Of the Wharton
Steel Company, and l.. f. Waring, OF
Chandler Bros. g. Co., have been elected
directors of the Wharton & Northern
Railroad Company.
Frederick T. Walker has been APP
pointed manager of the New York
agency OF the Royal Bank Of Canada.
James J. Hoey has been elected sec
ond vce-president of the Continental
Insurance Company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-20
Boston Wool Market

BOSTON, Oct. 19.-Less business
was accomplished in the wool market
this week than for several weeks, al
though there appeared TO be a better
interest. Prices were very firm and
medium woods a bit stronger, accord
ing to "The Commercial Bulletin"
The committee on wool supply OF
the Council of National Defence. which
will handle the 100000 bales promised
for government use from Australia,
will not, II is reported. receive offer
ings from the American trade after
October ~.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-20

ANDREW J. MCCORMACK. Auciion,.
REGULAR AUCTION SALE.
STOCKS AND BONDS,
BY ADRIAN "A. MILLER a son.
OFFICE 40. 30 WILLIAM 81,
WEDNESDAY. OCT. "a, 1917
~ 1870 o'clock, a. ne
EXCHANGE sALEsROOM
NOS. - AND 10 EES-Y STREET =
For Acct. OF Public Adm.nls,rstor \.
4shs. New York Pc Baking CO.
For Account o, lvecu'o:A
2shs. Bryant Park bank
For Account u whom y Aay ConeHa
s shs. Mechanics Bank. BROOKLYN.
10 shs. Hanover National Bank
sc chs. Security Bank
1000 shs. Southern on & Chemical Q.
400 shs. East Coast Naylgatea o.
Inc. preff.
100 shs. Urban water supply CO.
$4,000 Island Oh 8 Iransp0r. Corpn. zen
porary lst Lien Coll. 20 Cold N''''
1920.
10000 shs Island OIL & Trsnspor, corpn.
1880 chs. Metropolitan Petroleum Co'''
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-20
The Dollar in Foreign Exchange

Reports Of further Russian reverses
in the Gulf of Riga were followed yes
terday by another drop in the value Of
Russian rubles in this market. They
sold as low as 1873. cents, against 141s
Thursday The rest Of the market was
quiet and showed no important change.
Closing rates yesterday, compared
with a week sgo, an given in the table
below. American bankers have cus-
pended ali dealings in German and
Austrian exchange, 20 that daily quota
tions for either marks or kronen are
no longer available.
Quoted dollars TO the pound =,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-20
Exchange Membership Higher

Prices for Stock Exchange member
ships took a sudden jump yesterday
when two seats were sold for 1000
each. an overnight advance of $4,000.
On Thursday a sale of seat was re-
ported at $4,000. The buyers in yes
terday's transactions were Alfred NJ
Leopold and Charles Morgan.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-20

Quotations for Stock Exchange
seats are quite as volatile as those
Tor some of the more sensational
speculative favorites. Thursday
morning, when the recovery in prices
Lad barely started, seat changed
hands at $4,000. Twenty-four hours
later the market price had risen to
$4,000. 1t is a curious fact that
brokers' seem TO choose the worst pos
sible market In which to dispose of
their principal asset.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-20
DIVIDEND NOTICES
TILE TRENTON POrrERIEs co.

Trenton. Y. J.. oct u.s. 1911
Dividend 80 II.
r,setfrr II the Board OF Dirsc,o''
hsiG thi, dav- A dividend n one Az.
3T;F.EKLF PEP CENT Na9sl and I,
additional ONE-HALF PER cENr ~
va. declared on the Cumulative y,
ferred stock OF the Company. pAySe.s %
IS 1917. 90 stockholders u record
o clock p. VI. Oct. IS, 1917. Transfer o'''
w g. = LAYTON, Secretary 3 Treasure