davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-30
u. S. to Insist
Allies Use Loans
For War Purposes
Must Be for Military and
Not Political or Ter
ritorial Aims
fstaf Correspondence

WASHINGTON, Oct. 29.-It was
learned at the Treasury Department
to-day that in granting loans to
Americas associates in the war against
Germany there has been only one con-
sideration-that Of the military uses
to which the money would be put. 1t
is now being considered, it was said,
whether there should be a political
consideration also, to discover whether
the military operations have political
or territorial aims.
This question has arisen in the case
of Greece, inquiries being made as to
the objects of the desired loan. In this
connection it was stated that Great
Britain would be asked as to the
amount of financial assistance Britain
proposes to give to the Athens govern
ment.
Greece, it was learned, cannot give
effective military aid to the alliance
against Germany unless she receives
money with which to complete her
mobilization and equip her army. 1t is
political or territorial character
Premier Venizelos has secured from
England and France for Greece's CO.
operation in the war, nor to what eX-
tent Greece will participate in the
Macedonian campaign. These ques-
tons will be cleared up before loan
is granted to Greece.
There is also before the Treasury
DEPARTMENT the Ouestion of a loan 10
China. In this case, also, the depart
ment will determine before granting
the loan whether the money is to be
devoted to military or political uses.
In view of the fact that every dollar
available will be needed for prosecut-
ing the war against Germany, it is
thought likely that all loans advanced
by the United States to the various
belligerents will be conditioned upon
promises that they will be applied TO
military and not to political ends.
Lord Reading is advising the Treas
ury Department in the mater of loans,
and has access to the British govern
ment's information, which may be de-
sired by the United States in relation
to loans to all the European Allies.
1t is a question, however, whether
either England or Japan will influence
this governments decision regarding
the prospective loan to China. Japan
is understood to object to the granting
of loan by the United States 70 China
unless this country joins the four
power loan group Great Britain,
France, Japan and Russia, but there
is no inclination on the part of high
officials here to take that step.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-30

The success Of the second Liberty
Loan is to be measured quite as much
by the way in which the offering was
subscribed as by the amount placed
at the disposal of the government.
While statistics showing exactly how
he bonds will be distributed will not
be available for some time, it seems
apparent that the number of sub
scribers to the loan was much larger
than to the first issue, and informa-
ton at hand indicates that only a
relatively small proportion of the
f1otation will find permanent lodg-
ment in the banks. One institution
which took huge block of the bonds
stated that so per cent of its sub
scription was for the account of GUS
toners and 20 per cent for the insti-
tuition itself. Another estimated that
its customers had applied for more
than 80 per cent of the total amount
subscribed by the bank. Two large
national banks each made the di-
vision 70 per cent for their customers
and 80 per cent for themselves. In
every case it was stated that belated
subscriptions were still pouring in,
which would further reduce the
amounts taken by the banks for their
own account. These may or may not
be typical cases; and even assuming
that they are, the variations are too
great to permit the drawing Of gen.
eral conclusions from the figures.
Bankers are of the opinion, however,
that the larger financial institutions,
such as the ones for which the
figures are given, entered relatively
greater subscriptions for themselves
than the smaller institutions, and it
is, therefore, reasonably sure that
the average for all banks was sub
stantially smaller than the highest
percentages named above. Assuming
a subscription of five billions, the al
lotment will be four billions. mas
much as the banks will fill all sub
scriptions entered by their customers
before taking any for themselves, it
will be seen that when the operation
is completed only a relatively small
amount of the bonds will be left on
their hands.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-30
Shortage of Pennies
Impedes Business
MINIS Work Night and Day;
Bank Allotments Limited
to $50

New York is feeling seriously a
shortage Of small currency that Is
country wide in its scope. The minis
are working twenty-four hours day
to meet the demand, but no relief IS
expected until after the first Of the
year.
At the present time the shortage OF
pennies is causing a great deal Of
trouble for merchants. and small deaf
ers. officials Of the United States Sub
Treasury said yesterday that owing to
the short supply of the copper coins
it had been necessary to restrict the
amount of pennies allotted to any one
bank to $50.
Heretofore banks in getting pennies
for their clients uptown have been
able to withdraw about as much as
they needed. Some uptown department
stores have been known to draw on
downtown banks for as much as $4,000
in pennies in single lot, the banks
getting the coin from the Sub-Treas-
ury.
Nickels and dimes are also in short
supply, but the situation is not so serl-
Gus as is the case with pennies. There
is also a shortage of small bills, singles
and two-dollar denominations which
has bothered banks and business
houses in this part of the country
many months. Steps are being taken
now to split up bank notes into small
denominations in order to relieve the
shortage.
The explanation for the shortage in
small metallic currency, and in paper
money, too, for that matter, is found.
the Sub Treasury officials say, in the
increased turn over of business, higher
prices and possibly some boarding Of
change to pay taxes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-30
Monday, October 29, 1917

For the first time in many weeks
war news exercised dominating in
fiuence on the stock market. Most
traders had expected a strong mar
ket at the beginning of the week,
when it became certain that the Lib
erty Loan had "gone over" Indeed,
it was this feeling which caused the
sharp upturn of prices on Saturday,
when many spectators bought stocks
on the theory that a rise would sure
" follow the successful closing OF the
loan campaign. News of the misfor-
tune that had befallen the Italian
army produced a quick change in
sentiment, however, and a sharp
break in prices resulted. From the
outset the market was under attack
by professional traders, who sold
short in anticipation of fall; but
the downward trend was accentuated
by the dumping of stocks purchased
at the end of last week. A certain
amount of selling by investors, who
apparently feared that the Italian
crisis might mean prolongaton Of
the war, was also an adverse factor.
Selling by the so-called "big inter-
ests" was not in evidence. Wall
Street had feared that liquidation Of
this character, which had been main
ly responsible for the decline in
prices extending over the last two
months, had been suspended only
while the loan was being floated, and
would be resumed as soon as that
operation was completed, but no such
movement developed. One man of
great wealth said he had stopped
selling for the reason that to let go
at prices which now prevail would
entail considerable sacrifice.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-30
The Dollar In Foreign Exchange

Italian lire weakened to 791 to the
dollar in the local foreign exchange
market on news of the defeat of Italy's
military forces. The rate on Saturday
was 1852 lire to the dollar.
There was another spectacular ad-
vance in rates on the neutral countries
of Northern Europe. Holland guilders
rose to 45 " cents, compared with 431
last week. Exchange on Sweden jumped
IA cents per crown to 40A cents, a
new high record for the war period.
Copenhagen crowns rose from 1914 to
34A cents. Exchange brokers reported
shortage in supply of Scandinavian
and Dutch exchange, owing to the
rigid export embargoes now enforced
against those countries by the United
States and Great Britain.
Closing rates yesterday, compared
with a week ago, are given in the table
below. American bankers have sus-
pended all dealings in German and
Austrian exchange, 30 that daily quota
tions for either marks or kronen are
no longer available.
lQusted doliarx TO fhe poundl
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-30
Money and Credit

Money market conditions showed lit
tie or no change on the resumption Of
business yesterday. So far as could
be seen from outward observance the
closing of the Liberty Loan campaign
was without immediate effect on rates.
Indications, however, point TO a some
what frmer market between now and
the middle of November. when the first
big payment must be made on the new
war loan subscriptions.
In the market for fixed date loans
there was considerable renewing of
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-30
Boston Elevated Ry.
Passes Its Dividend

BOSTON, Oct. 29.-Directors of the
Boston Elevated Railway Company,
which operates the elevated. subway
and most OF the surface car systems
in Boston, to-day passed the regular
quarterly div dend. Stockholders this
year have received 81 per cent in divi-
dends. Previous TO 1913 per cent
had been paid for many years.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-30

The above rates express the cost of
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling at, say, s4.75h. The intrinsic
parity is s4.s6ss per pound. Thus, you
say either that pounds are at discount
or that dollars are at premium. which
is owing to the fact that in England
the demand for dollars with which to
settle accounts in this countery 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, 1917-10-30
u. S. Steel Directors
To Take Action on
Dividends To-day

The United States Steel Corporation
directors meet to-day to act on the
quarterly dividends. The quarterly
operating statement will also be issued.
Recent estimates have put net earn
ings for the September quarter at
$3.50, 100000 TO sl40,000.OO0 before
taxes. In the June quarter net
amounted TO sl44,000,000 before taxes.
Steel common was weak yesterday, de-
clining SIS points. TO 1854. on a turn
over of 231,0 shares.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-30
Money Changers Rushed

LONDON, Oct. Is. 49, The busiest
money changing Office in the world is
at Victoria Station, where soldiers on
leave receive English money for French.
Nearly every day it is more than $780,
900. Since the opening OF the Office
two and half years ago more than
Sl5, 900, 900 has been changed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-30
ATLANTIC MUTUALINsURANcloa
Atlantic Building,
Noe. - and 81 Wall Strset
New York. October Il, m.
Special Notice TO Hoidsrs Il
n>=&IAaat>a Al PxaAts

Special Notice 90 hoidsrS q
Certificates OF Profits.
The outstanding certificates Of pru6t 4
the issues Of 1913, 1918 and l9it Viii = y
deemed and paid 10 ths holders shsrelus
tAsir legal representa- uves 90 and IN
THURSDAY, November l, lel7, from WA
date all interest thereon will ossss; ths ~
sihoates 70 be produced a. The time q ~
msnt and Cancelled.
A dividend OF interest Of Eve psr ossk
tbsinS at the rate Of SIX per cent rss -
num), on the certificates Of profits VI =
Year, 1918, 1918 and 1914 will b paid n =
holders thereof, or 70 their legal ferrssssk
Gves, on and after 1hurSday, Novemb9
1917. Checks for the dividend OF lntas1
will b mailed In accordance With maikse
orders 70 those who have flsd sueh eet9
With the Company..
Tho transfer books Win b clossA hpu
October II, 1917. 70 Novsmbsr ., ls3. -
inclusive.
BIZ order OF the Board Of Trustees.
q. STANTON FLOYD-JONRs, ssesstaq.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-30
Henry CIews & Co,

II. 10, is. II and 10 BROAD ST.
MEMBERS n. Y. STOCK ExCHASa,
Stocks, Bond, and Investment Ssui<.
bought and sold on commission. Also esmd
on conservative terms. Depo,it AessuS
received subject to check a, sight.
Interest paid on daily balances.
BRANCH OFFICES
SGT Fifth Ave. 959 Third A
1922 Broadway % Warnk
IS Union Square rs Court St. Dk,r
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-30
News Digest
Foreign

Italian News Affects London Stosr
Adyersely.-LONDON, Oct. 29.-h
Italian news checked the recent ir'
ness on the Stock Exchange to-day q.
caused a sagging tendency in gilt-ed:e
securities and speculative favonxs
There was no pressure to sell, howes'iJ
and the declines mostly represents
precautionary marking down Of quot
lions. The effect was softened BY ms
splendid result Of the American LID
erty Loan and the market closed above
the lowest. Russian issues we're better
and Scandinavian shares and nini,t
and oil stocks were steady. but Span"
securities were weak.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-30
Dividends

Buckeye Pipe Line.-ResalAr sE,iej
dividend Of 81 a share and an extra 49,
Of $3.50, payable December 10 10 s''
Of record November "a.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-30
New York
British Treasury Bills Again

British Treasury Bills Again VAL
j. P. Morgan e. Co. announced yss's'
day they would make no offering
British Treasury bills this week. ~
is the third consecutive week in v'n
none of these bills has been onsn
here. IL is understood that up 70
present time about sl00,000,JOO otp
$3.50, 100000 made available for ose
ing in this market had been PLACED
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-30

London Money Market.-LOND0N,
Oct. 29.-Money WAS in fair supply at
per cent. Discount rates-Short
bills, AS per cent; three months bills,
Az per cent. Gold premiums at Lis
bon. 90.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-30
Relevant Facts

Pere Marquette.-Gross operating
revenues for the six months period
ended September 30, 1917, were $l2,-
117,0SS, an increase of sS41,47 over
the corresponding period year ago.
Expenses for operation increased $780,
7SS to sS,11S,203, and gross income, in
GLIDING incorporating income, totalled
s4,O74,O79, a gain of s3S9,973. Surplus
after interest charges was 1894, $50,
an increase Of S1S9,667.
Computing Tabulating Recording
Net earnings for the nine months ended
September 80, 1917, after allowing for
maintenance, depreciation, etc, amount
ed TO s1,201 ,2S3, compared with $685.
729 in the corresponding period of last
wear. The balance after interest charges
totalled S93S,900, an increase OF $751;
$40.
Computing Tabulating Recording
Company.-Net earnings for the nine
months ended September 80 last were
$I,2O1, 283, an increase of s165,554 over
the corresponding period of the pre-
vious year. Interest charges were
$685., 1874, leaving surplus of $938,S99,
compared with S777,351 year ago.
New York Telephone. 49, September
gross earnings Of the company, as re-
ported to the Interstate Commerce
Commission, we're S5,1O4,623, an in
crease of S341,216 over the showing
made a year ago. Operating income
amounted to S1,360,579. a decrease of
$685. 1902. The operating income for the
nine months of the current year was
S13,073, 400, an increase of S524,796.
Hendee Manufacturing Company. -
For the fiscal year ended August 81
the company showed net profits of
S539,755, an increase of S329,775 over
the preceding year. Dividends paid on
the preferred stock amounted to Sl54,-
O56. and $4,000 was set aside for
sinking fund. This left surplus of
S235,702.
Georgia Southern & Florida Railway.
Gross operating earnings for the
fiscal year ended June 80 last were
81, 797 ,563, against s2,445,4OS the pre-
vious year. The surplus available for
dividends on the common stock was
s353,352, equivalent to Sl7.66 share
on the 100000 common stock out
standing, compared with $685. a share
earned in the 1916 fiscal year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-30

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, 1917-10-30
Investment Bankers Conventisa. :

The sixth annual convention o.
Investment Bankers Association :.
America will be held in Baltlmon :
November u, - and Ia. The CON-.
ton headquarters will be estsp,',~
on the second floor OF the Hotel Dc"
dare
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-30

Paris BOurse.-PARIS, Oct y
Trading was quiet on the Bourss "
day. Three per cent rentes, 81 frshs
25 confines for cash. Exchange y
London, n francs i8 centimes NV
per cent loan, IS francs 20 centima
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-30

Commercial Paper.-Rates were quot
ed in this market yesterday at 5ls to
5$. per cent, with not much business
moving.
Official rates of discount for each of
the twelv, Federal districts are as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-30

Boston Bank Statement.-The weekly
statement of the Boston banks showed
an increase of s5,999,o0 in loans. Cash
increased $4,000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-30

Sub-Treasury. - New York banks
lost to the Sub-Treasury s5S4,oOo.
Silver-Bars in London, 43d, an ad-
vance of sd; New York, S4%c, up
1i1c: Mexican dollars, 65c, an increase
of &c.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-30

outstanding commitments, while some
four months maturities were placed
at 6,a per cent Banks continued
to restrict their offerings for the
reason that they are still unable to
figure out to certainty the extent Of
the drain of the Liberty Loan payments
on their resources.
At the Stock Exchange yesterday
call money was in fairly abundant sup
ply at per cent, the same as on Fri
day of last week.
Ruling rates for money yesterday,
compared with year ago. were as fol-
lows:
Yesterday. Year ago.
Call money!. 40 224%
Time money (mixed collateraD:
so days. 5H@5Ia%s 3 %
80 days.. 6H@5La96 3H@31a%
months. ... 52@5a46 3I4@3ga%
to 6 mos. 51a@5sA% 3I4@3Ia%
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-30
Price of Bullion Rises

1.-THE supply of gold held by the
japanese government and the Bank of
Japan increased Sl4000,000 during the
first half of September, and on Sep
tember 10, 1917, amounted to S500,000,-
900. Somewhat over half of the total
fs273000,000) is on deposit in foreign
countries. The larger part of the ag-
gregate holdings both in Japan and
foreign countries (s346,000,000) is in
possession of the Bank Of Japan.
"A remarkable rise in the bullion
value of gold is reported. One momme
of gold (0l2057 troy ounce is quoted
at $40 yen, while its mint value is
only yen. In a statement issued by
the Bank of Japan this abnormal sit
ustion is attributed in part to the re-
cent embargo decree. While the prac-
tIce of melting gold coin was made
Illegal in 1906, the order contained
no penal provision, and was therefore
not strictly enforced. The new decree
makes the penalty for this action the
same as for the unlicensed exporta-
ton Of gold"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-30
Corporation Returns

Canadian Northern
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1917-07-30
LOOK AT YOUR TONGUE!
is IT BROAD, WHITE, FLABBY?
YOUR BLOOD NEEDS zIRON!
When Your Tongue Is White and Flabby, 1t Is Sign
That You Are Anemic and That Your Blood
Needs Zron Iron Tonic, For the Benefit
of Your Weakened System.
Look at your tongue in the mirror!

ought be pointed, pink, clean
If is broad white
that blood lacks
that needs iron to bring
blood
prescribed by the physicians
When feel tired
rheumatic gastric
hah
Zn the habformng
SAFE reliable tonic remedygood for children
Mr. L. Poston, of Lille writes: Some
with something like dumb chls
clammy ached
appetite wasn't good afraid
to do the Spring the
until felt much Better stronger began did
have of the chlls think
SPECIAL
and give fair trial according directions the bottle IT,
bottle find
the druggist and he will refund what
so there why he should This offer
10 tue lrst trlal oorte-
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1917-07-30
KEPT Her AWAKE
The Terrible Pains in Back and
Sides. Cardui Gave Relief.

MarksviIle, La.--Mrs. Alice Johnson,
of this place, writes: "For one year |
suffered with an awful misery in my back
and sides. My left side was hurting me
all the time. The misery was something
awful.
Icould not do anything, not even sleep
at night. 1t kept me awake most of the
night j. took different medicines, but
nothing did me any good or relieved me
until took Cardui :.
was not able TO do any of my work
for one year and got worse all the time,
was confined to my bed off and on. got
so bad with my back that when Istooped
down | was not able to straighten up
again !. decided would try Cardui
-. BY time had taken the entire bottle
| was feeling pretty good and could
straighten up and my pains were nearly
all gone.
| shall always praise Cardui. con-
tinued taking it until was strong and
we'll" Ifyou suffer from pains due to
female complaints, Cardui may be just
what you need. Thousands Of women
who once suffered in this way now praise
Cardti for their present good health.
Give it trial. NC-18
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1917-07-30
TIDE OF BATTLE SETS IN AGAINST KAISER
As ENTENTE STRIKES TELLING BLOWS
Germans On Defensive In All Sectors
Except Where Recent Detection
OF Russian Units Enables
Them to Advance
Gupation of Athens.

euDation of Athens.
A brilliant British campaign in
Mesopotamia accomplished the cap
ture of Kut-El-Amara, in February,
and of Bagdad, terminus of the Berlin
to-Bagdad railway, in March. The
capture of Bagdad had deep moral
effect in the Orient, particularly in
Arabia, where many natives revolted
from Turkish rule.
Russians operating In Persia, took
Hamadan; and further north. in Turk
ish Armenia, Russians captured Van.
In the Holy Land, the British opened
new era in the history of the East
Their advance has carried them nearly
. GAIA. Their objective is Jerusalem,
which the Turks were reported in June
to have partly evacuated.
Except for submarine operations,
naval writer's have found little to
engage their attention during the past
year.
Germany continues to rely on u
boats. This policy led to unrestricted
warfare which drew the United States
into the conflict
U-boats destroyed an estimated gross
tcnage of more than 100000 during
the year. This included 100000 fy-
ing the British flag, sunk from Febru-
airy % to July 1.
Americas destroyer flotilla arried in
British waters in May. Without the
loss Of ship or a man, American
warships conveyed the first American
troops to France. Two submarine at,
tacks were made on the transports. At
least one u-boat was sunk American
warships took over from British ana
French vessels the patrol of American
coasts. Brazil added her navy to ours
in South American waters.
Cities from Bagdad to London have
been subjected to air raids, notable at
tacks being those by German Zeppe-
Inns and airplanes on London. In five
attacks on England in May, June and
July, 29S persons were killed and 863
injured