davidaulloa/AmericanStories huggingface dataset:
The Bridgeport evening farmer., 1917-06-15

enough to such labor saving instruments international
courts and the other necessary tools for composing world diff
ferences Of policy and opinion.
Dr. Moore is entirely right. is biological
sy except possibly in the that do yet
enough to avoid it. defect education bioogicay
caused except in the Of congenta
he capacity to know there The failure less of
omission; defect in training which be corrected
The Bridgeport evening farmer., 1917-06-15
CUT OUT PROPOSED
DRY LEGISLATION

Fredericton, N. June Ia
proposed amendment to the prohlol-
ton law, under which no liquors could
be shipped into the province of New
Brunswick for personal use, wae with
drawn in the legislature tcMy Dy
direction of government leaders.
The Bridgeport evening farmer., 1917-06-15
Yale Students To
Join Harvard Corps

Cambridge, Mass, June 15-One
hundred Yale students will join the
Harvard reserve officers corps here on
June 26, 1T was announced today. The
Yale contingent will bring the total
enlistment Of the camp to nearly ], 400.
The Bridgeport evening farmer., 1917-06-15
Che DmRead CO
Eska6kIxheT 1857
Special Sale Of Children's Dress
Ginghams and and Chambrays


The materials Of these pretty little frocks the
neat checks and stripes, with few plain colored
chambrays which are always in favor for practical
school frocks. They are neatly trimmed and are in
such styles as the little wearers will be pleased to
adapt. Former prices 80 and $1.95.
At S100 to close out
Sizes to Il years.
Saturday morning.
Novelty Silk Hose
Special for Saturday only
Stripes Plain colors, openwork
Rack and white White,
Gray,
Wy '"4o "A4'o' Pearl,
Navy and white, Bronze.
White and black Silver,
Tuxedo tan.
Regular price $125 no--1A.,-- A11g
$l.00 $1.00
floor
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-14
Exports of Food
Continue Heavy
Nearly 100000, Lbs.
of Meats Shipped Abroad
in Last Fiscal Year

Foodstuffs continue to move out Of
the United States in enormous guam
titles. A compilation by the National
City Bank of New York shows that
the quantity Of meats and meat prod
ucts exported from the United States
in the fiscal year 1917 aggregated near
ly 2,000,OO0,O0O pounds, against 1885,
100000 pounds in 1914, the year prior
to the war, while the quantity of bread
stuffs exported in 1917 was 357, 100000
bushels, against 152,OOOOO0 in 1914.
The largest increase Of exports oc-
Cured in fresh beef, Of which the
quantity exported in 1917 was 1877
100000 pounds, against 23l 100000 in
1916 and 100000 pounds in the fiscal
year 1914. OF canned beef the guam
tity in 1917 was 68,000,000 pounds,
against 100000 in 1915 and $780,
900 pounds in 1914. OF bacon the ex-
ports of 1917 were 667,000,0o0 pounds,
against 5sO,OO0,OO0 in 1916 and 1884,
900 900 pounds in 1914, and Of ham
and shoulders 267,0OO,OOO pounds,
against 282,OOO,OOO in 1915 and 1861
600, 900 pounds in 1914. Lard shows a
slight decrease in expectation, being
445. 100000 pounds in 1917, against
4S2, 00O, 900 in 1914, while neutral lard,
lard compounds and oleo oil also
showed a slight decrease. The ex-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-14
Finance Economics
WALL STREET OFFICES Telsphonsi
Mills Building, l6 Broad s. Hanover e6lt

settling international balances. 1t is
pointed out that for some time past
Great Britain has exercised great
care with regard to the amount of
gold allowed to be exported. More
over, it is stated that so long as
America was a neutral the British
financial authorities refrained from
suggesting that exports of gold from
the United States be curtailed, as
that course is always distasteful to
any great monetary centre. 1t is not
as though the gold shipments from
the United States arose directly
through the indebtedness of America
to the countries whence the gold is
shipped. Rather it is a question of
the adverse trade balance against
the Allies as a whole producing con-
ditions in the international exchange
markets which offer a profit to such
gold shipments from the United
States as a purely exchange opera
ton. "The Statist" argues in con-
clusion that inasmuch as the net re-
suit is to bring increased strain upon
London, which already has had to
bear the brunt of the financing of
the war, the matter is one which re-
quires careful consideration.
Bankers here have given the mat
ter serious thought for some time
past. Several weeks ago even the au-
thorities at Washington interested
themselves In the heavy outflow of
gold to Japan, that country having
imported upward of S40,000,000 in
the course of four or five months.
But nothing has been done here so
far toward checking the movement.
The difficulty Of solving the problem
of settling the international balances
without gold shipments is obvious.
Nevertheless, it is believed that if
the war continues long enough some
action to this end will have to be
taken.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-14
Expands Banking
Operations Abroad

The Mercantile Bank of the Ameri-
cas-, Inc, which has been registered and
doing business in Venezuela for year
and half through agents, is opening
its own Office in Maracaibo, and has
also taken steps to organize a subsid-
larry bank in that country, with head
quarters at Caracas.
Other branches will be opened in
Genoa, Italy, and Barcelona. Spain. The
business Of the new Offices will be con-
Quoted along the same lines as that Of
the branches and subsidiary banks
already established in Paris. France;
Peru, Nicaragua and Ecuador.
Brown Brothers & Co, j. & w. Sc
ligman & Co., the Guaranty Trust Com
pany and interests associated with the
National Shawmut Bank of Boston and
the Anglo-London-Psris National Bank
of San Francisco are behind the Mer-
camille Bank Of the Americas.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-14
News Digest
Foreign

London Stocks Firm.--L0NDON,
Aug. l3.-The stock market was firm
to-day on light trading. The Az per
cent war loan receded on increased Of
ferings. Other issues were supported.
Colonials were in good demand at
higher quotations, and neutral stocks
were inclined to stiffen. Russians
were steadier and in better demand, on
account of the more hopeful outlook.
Oils were strong, with an active in
quiry. Lower-priced shares, brew
cries and certain munitions issues de-
veloped renewed activity at higher
prices. Rubbers were steady. Money
was in liberal supply Discounts were
quiet. Money, 3% per cent. Discount
rates--Short bills, IA per cent; three
months bills, 1915 per cent Gold
premiums at Lisbon, 5000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-14
Relevant Facts

Nevada Consolidated Copper.-Net
profits amounting to s3,3l0,s99 were
earned by the company in the three
months ended June 80 last, according
to the quarterly report issued yester-
day. In the corresponding period OF
1916 the company reported net profits
of s4,509,51O. The surplus shown for
the last quarter was at an annual rate
of $3.50 a share on s9,997,28 capital
stock Of S. per value.
Excluding the item of depreciation,
she cost of producing copper last quar-
ter was 1919 cents pound, compared
with 1915 cents for the previous quar-
ter. No copper available for delivery
remained unsold on June 30.
There was included in the operating
expenses of the June quarter s178,297,
which represented accrued county, state,
state bullion and Federal income taxes.
No estimated deductions were made OF
the contemplated excess profits taxes.
S. W. Eccles, president Of the company,
issued a statement to stockholders call
ing attention to the fact that the net
earnings for the year will be substan-
tally less than the aggregate Of quar-
terly earnings, because the excess profit
tax, when fixed by Congress, will have
TO be deducted.
General Motors.-The word was passed
around brokerage Offices yesterday that
the shorts in this stock would be chased
10 cover before the closing gong on the
Stock Exchange rang. The tip appar-
emily made good, for at the close OF the
market the net advance for the day
was AS points. That there is still a
heavy short interest in the stock was
indicated by the fact that it commanded
a substantial premium in the loan crowd.
Last week the shares sold off heavily
on reports of pending financing. This,
however, was denied.
Great Northern.-The First National
Bank announced yesterday that the
500 100000 notes purchased from the
Great Northern last week were so heav-
ily oversubscribed that allotments were
made on a basis OF 80 per cent OF sub
scriptions.
United States Light ana Heat.-Net
shipments billed for the fiscal year
ended June 80, 1917, amounted 70 49,
0l7,S74, an increase of sl,266,5o9 over
the preceding year, and manufacturing
profit totalled S45S,l63 a gain of s27l,-
SOB. Operating income, after expenses,
was sS5,O21, compared with a deficit OF
s2ll 1897 as of June 80, 1916, and sur
plus amounted to s4,Ss5, against a de-
felt Of 1881 1913 a year ago.
Thomas Iron Company.-For the year
ended June 80, 1917, the company's rev
enue from sales amounted TO s2,837 ,433,
compared with s2,42s,777 in the pre-
vious year. Gross profits were S85,07l
and gross income totalled S269,770. Sur
plus after interest and dividends to-
tailed s184,873, compared with S72,5l3
as of June 30, 1916.
Canadian Northern.-Directors yes
terday declared a 2 per cent dividend
on the company's preferred stock for
the six months ended June 30 and a
dividend Of 2l5 per cent on the COM
mon stock for the quarter ended June
30, payable October / to stockholders
of record Of September 1.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-14
Dividends

BrookI,n Union Gs.-Regulsr oSD.,s<s
dividend Of ~ per cent, payable
t 70 s,ocEbolders OF record September 10 n,
California Packing CorporAusSs., 90 y
quarterly dividend Of 50 cens ,h,r IS :
common stock. payable
stockholders Of record August o. r.<slr
Federal Mining & smelunsrt Go y
quarterly dividend Of Il. rer - Is y
preferred stock, payable sep sS
stockholders Of record August % sdSssi
White Motor.-Regular aHar~i ~ shoI6s
OF 81. payable September -
OF record September To- ,,, ~
Chestnut Hill Railroad SslH1.,nss
dend OF Ia per cent psyaoe
20 stockholders OF record Augus' .a.,i
plvmouth Rubber.-ouarterly c" 20 ~
Ia per cent, payable Septsmps'
holders of record August % ..,ssp
Philadelphia. Germantown Int. ps,ss
Quarterly dividend OF : PEI - rrSord "
September 10 stockholders VI
gust 20. s,5Sssi
Aems T...-ResulAr quarterly ca so
~ nsr cent on the first preies'ssT rssr
n.yable August 81 TO stoekhoide" "
August 20. ..,l, ~
Pabst Brewing Regular aus..red snst
I.nJ ~ ~ per cent on the pref. a ~
nayable September Is TO stoekhO'''
ord Septembr 9. Rasf
New Market Manufacturing. spl :
quarterly dividend Of ~ peIsshl< Ave-
extra dividend Of 3 yer cent p',sS
is 10 stockholders Of record A~
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-14
New York

Pig Iron Production.-Output of all
kinds of pig iron in the first half of
the current year, as announced by the
American Iron and Steel Institute,
amounted to I9,258,235 tons, compared
with 19,Sl5,275 tons for the second half
of 1916, and l9,619,522 for the first six
months Of last year. Pennsylvania
was the largest producer in the first
half of this year, with an output Of
7.790,5l4 tons, and Ohio second, with
426e.T08 tons
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-14

Decrease.
The first group, though almost entirely
composed of brewing companies, also
includes distilleries. Brewery COM
panies on the whole have not yet suf-
fered severely from restrictive legis-
lation. The increase under canals, etc,
is largely due to the great improve
ment shown in the report of the Man
chester Ship Canal. Electric lighting
companies, which showed a small de-
crease in the aggregate a year ago,
have done a little better. despite the
summer time act, but gas companies
have not Jared so well. The iron and
steel group continues to benefit from
war conditions, as would be expected.
The land companies show substan-
tial improvement, largely owing TO the
good results shown by the Australian
and New Zealand companies. The
motor and cycle group shows a small
falling Off, after an increase Of Ash
per cent year ago. The great de-
mand for nitrate for explosive pur-
poses has been the salvation OF the
nitrate industry, the profits Of the
twenty-one companies showing an in.
crease of 100 per cent. A year ago the
TOTAL pIOHNS OF lHe same COLhpaHAeS Cc-
clned to 3sh per cent.
The oil group shows a falling of
after an increase Of Is per cent last
year. Shipping companies profits have
increased by only 1914 per cent, but
this follows last years advance of
104 per cent. Nor is this an accurate
index 70 the measure Of prosperity en-
joyed oy shipowners, for the amounts
reserved for depreciation before stat
ing profits are probably on larger
scale than ever. Moreover, many COM
panies are small private concerns,
whose accounts are not open to the
public eve. The plantation group con-
tinues TO go ahead, but both telegraph
and tramways show a decline. In
vestment trust companies and water
works have recovered most OF last
years declines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-14
Extra Burlington
Dividend Comes
AS a Surprise
Directors Declare 10 Per
Cent Distribution Out of
Accumulated Earnings

Directors Of the Chicago, Burlington
& Quincy Railroad declared an extra
dividend of 10 per cent yesterday in
addition to the regular quarterly dis
bursement Of 2 per cent.
The Great Northern and Northern
Pacific systems will be the chief BEN
ficiaries of the melon cutting through
ownership of practically all the Bur-
lington's s110,S39,1O0 capital stock.
Each company will get approximately
s5,5OO,OOO from the extra distribution.
Action Puzzles Wall Street
Wall Street was at a loss to inter
pret the action of the Burlington
board, taken at this time. According
to one report the melon cutting was
decided upon to circumvent any action
the government might take relative to
the taxation Of the undivided SURPRISES
of corporations. In semi-oficial quar-
ters, however, it was said that the ex-
ira dividend had been under considera-
ton during the last two or three years,
in view of the company's large accumu-
lation of earnings.
Surplus Exceeds 5000, 100000
On December d, 1915, the date Of the
last annual report, the Burlington had
a total corporate surplus Of s203,o90,-
255. Current assets amounted to $751;
696,37s, of which s19,s4s,41s was repre-
sented by cash. Time deposits totslled
s12,346,500; loans and bills receivable,
S4,318,s01; miscellaneous accounts re-
ceivable, S2,9OO,22O, and materials and
supplies, s7,571,6l1. Against the total
assets there were only S11,422,263 Of
current liabilities.
Gross earnings Of the road since the
beginning of 1917 have shown consist
ent increases month by month over
the previous year. The total for the
FIVE months ended with May, s49,108,-
ESQ, compared with S41,s16,892 for the
corresponding period Of 1915. Net
amounted to sl5,359,3lS, against s14,-
979,9s9.
Hill Roads Shares Up
The action of the Burlington board
was followed by substantial advances
in the shares of the Great Northern
and Northern Pacific on the Stock Ex-
change. The former closed at 107, a
rise of points, while Northern Pa
cifc advanced IL TO 1034s.
Northern Pacific has outstanding
s24s, 100000 stock, and Great Northern
s249,476,s50 preferred stock. Practi-
cally all the Burlington's stock is de-
posted behind the collateral per cent
bonds of the two controlling roads.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-14
Japan Ships Gold to India

Large amounts Of gold are now being
shipped from Japan to India, according
to Samuel Montagu & Co., English
bullion dealers. So far upward of S.
O00, 900 of the metal has been shipped
The gold that is going to India is metal
that was originally imported by japan
from the United States.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-14
Boston Bank Statement.-The weekly
The Dollar in Foreign Exchange

A sharp decline in Swiss exchange,
which has been displaying unusual
strength lately, was the principal feat
u7e OF the foreign exchange market
yesterday. Swiss francs went to AS.
Russian rubles held at Fl cents. Sean
didavian rates were higher.
Closing rates yesterday, compared
with a week ago, are given in the table
below. American bankers have sus-
pended all dealings in German and
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-14
Industrial Profits
In Great Britain
Show Great Rise
Latest Reports Indicate Average
Increase of 10 per Cent
for the Year
From Tbs Economist, London)

(Pron, Tbs Economist, London)
Although only a proportion Of the
commerce of Great Britain is repre-
sented by joint-stock undertakings,
certain amount of light on the vexed
question Of profits and profteering is
shed by an examination Of the results
published by industrial companies. For
many years past it has been our prac-
tice to represent in a quarterly article
q statistical analysis Of the results dis
closed in the reports of various COM
panies published in the three months,
the figures being derived from a table
published in "The Economist" each
week. In this article the statistics for
the past twelve months are combined,
but it should be borne in mind that
they refer to reports which have actu-
ally been published since the end Of
June, 1915, and therefore cover q period
of over two years, as some companies
are prompt and others the reverse in
presenting their accounts.
During the past quarter the reports
Of $50 companies have been analysed,
showing profits Of f29,17s,7oo, or an
increase Of nearly II per cent over the
profits disclosed by the same compa-
MES during the corresponding period Of
1918. Tho following table summarizes
tho results Of our quarterly investiga-
tons during the past twelve months:
Net Profits (Aftsr Payment Of Debenturs
Interest, Ete.).
Reports
Published in Year
No. Of Ended
1916. Cos. June 30. 1917. Increase Pet
Sd quarter 1879 f13.35s,s3s f2.e1s,764 27e
4th quarter 1886 15,767,53s 2,StS.1s3 2i.5
1917
Is quarter 253 2s,s1s.e7o a54a.sss 100
81 quarter $50 2e.s22.7H s,of3,t74 IA
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-14
ReorgsnizsdOu
The Wabash Pittsburgh Iermln
Railway Company

TO HOLDERS OF INTERIM cEhin
GATES REPRESENTING PREfEhir
AND COMMON STOCK OF To-
PITTSBURGH & WEST FlS'pH
RAILWAY COMPANY;
NOTICE IS HEREBY GIVEN nn
Dernitive Certificates, representing .n,
ferred and Common Stock OF The rI."s.rs
& West Virginia Railway Compeny :. Il.
FOR by the Interim Certificates lssVe,u g.,.s
REORGANIZATION Committee OF Ihe =,
Pittsburgh Terminal Railway S9mp "a
ready for distribution 70 the holders \.
Interim Certificates upon press,n'e .,i.,,s
their Interim Certificates, properly VA va
in blank, az the Office Of the - N
TRUST COMPANY OF NEW dVn ne,
"a Wall Street, New York CRY J..- "a,
Certificates are desired Ia names ot s.1.
those in which the Interim y. =. ~,
stand, proper transfer stamps mun .. n,s
nished. and signatures 10 assisnin'H
be guaranteed. .,..s
II is reques-ed that the soove
be made as promptly as poss'o's'
Dated. August 3. 1911
J n. WALLACE, chatm"
GORDON ABBOTT,
HARRY BRoSSER,
JAMES c. CHAPLIN,
HALEY FISKE,
CLARENCE L. HARrEh
WILLIAM X. NIoHoLso"
RICHARD sUTRo,
MEIGs II. wHAPLEs'
ASA S. WING,
for the Reorgan1a'DH Go
wabash Pittsburgh Terminal hAh" s.,a
pany, under Plan and Agree"'A"
June IS, 1918. as amended
BY CENTRAL TRUST coRANI :. ,,s
NEW YORK. pep0'""
BY E. FRANCIS HYDE. vice-Pr'''1
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-14

The above rates express the cost CT
foreign money in terms Of the Ameri--
can dollar. You buy an English pound
sterling at, say, s4.75s. The intrinsic
parity is s4865s per pound. Thus, you
say either that pounds are at a dis
count or that dollars are at a 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 70
settle accounts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-14

Financial opinion in London at the
present time favors joint action
being taken to check the heavy out
flow of gold from the United States.
1t is pointed out that what is re-
ouired is that America and Great
Britain should mutually decide to
pursue such course in the matter
of the settlement of international
balances as shall be most helpful to
the financial conduct of the war,
having regard to the possibility Of
its long continuance. In the last few
months shipments of the metal from
this country to Japan and Spain in
particular have run into tens of
millions of dollars. The outward
movement has at times exceeded the
influx. England is naturally anxious,
because the great bulk of the gold
we have imported has been shipped
here on British account. The sug-
gestion that a brake be placed on
our gold exports has lately been
made in local financial circles, so that
the London point Of view is of spe-
cial interest at this time.
The matter of regulating the gold
flow constitutes one of the most vital
questions affecting the entire financ-
ing of the war, in the opinion OF
"The Statist," of London, which
says:
While on the one hand Germany
has boarded her metal in the vaults
of the Reichsbank, the Allies have
not hesitated to meet the require
ments Of the neutrals in the matter
Of gold. Thus, before the United
States came into the war we know
that upward of G2oo,ooo,0oO in gold
was shipped by Europe to that coun-
try, while the extent to which some
of the smaller neutrals acquired the
metal may be gathered from the fact
that, as compared with three years
ago, the Dutch Banks store OF the
metal has increased from about sl3,-
100000 to G52, 100000, and the hold
ing of the Bank Of Spain from f22,-
100000 to f64, 900, 900, while the total
holding by the Swiss Bank has in
creased from just under 100000
TO we'll over sl5,5oo, 900. Even down
to the present time we are still send
ing gold to the United States, but
and this is the point we would en-
phasize-the United States is still
exporting the yellow metal freely to
Spain, Switzerland and other direc-
lions, with the result that as fast as
the Allies send her gold it is leaving
the country again. Meanwhile Ger
many, although she has scarcely
trenched on her great store Of gold
at the Reichsbank, is now actually
Communicating jewelry throughout
the country, thus showing the i'm
mense store which she sets not
merely upon her holding Of gold
during the war, but upon the state
in which she finds herself in that
matter after the war comes to an
end.
In view Of these facts, "The
Statist" asks If it is not time that
the United States and Great Britain,
az the Allied bankers, come TO some
clear understanding with regard to
A.. n.,t W ha piaved nv gold in
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-14
Other Cities

Further Rise in Crude Oil.-PITTS-
BURGH, Aug. 13.-Pennsylvania crude
oil to-day reached the highest price in
more than twenty years, when the
South Penn Oil Company announced an
advance of Is cents, making the quo
tation for that grade 1925. Other
grades of crude oil were advanced to
the following quotations: Mercer
black, 1928; Corning, $3.50; Cabell,
s2.47; Somerset, $3.50, and England,
sll0