davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-10

THE TRUST COMPANY OF CUBA, DON
iciled IN Havana, as Trustee, notifies ihs
owners or holders Of the Mortgage BonI
Series ~ and B. issued By the CUBAN
PORTS COMPANY, under Trust DEEDS ei
ecuted on March II, and July ], 1911, -
fore the Notary Of this city, Pelsyo GSret
First: That Article one Of IN. Law 4
July -, 1917, confers on the Presldent
the Republic. IN so FAR rs he should oes.
II proper and convenient the authority "
decide and settle all questions pendlns y
reference to the CUBAN PORTS COY
PANY and its Mortgage Creditors upon ".
conditions expressed IN said Aru'le a..
among others especially the transfer -,
Republic Of cuba Of all or a part OF ".
assets Of the Company, upon the terms
be agreed and the acceptance as exclus.,
guarantee for tho payment OF any Nnot ...
that may b~ allowed in favor or the ps' 80,
OF Fifty Per Cent OF tbs amount OF Wv
Port Dues, %,
Second: Ths, the Pre-iden, Of tbs =.
public I'm DEGREES Number lOZt or JuI ~,
1917. published in this Gszstts OF hu. -
/. 1917, has ordered that within tns
OF two months counting from the prom,
cation OF that Decree all those VINO snos.
5. or consider themselves comprises a.
said Article one OF the Law OF Jpy :,
1917. present their Documentary clsIn'
the Secretary OF the President
Third: That. IN order 70 pass vala I,
lutions concerning the points mentlohe1Ii
so far as they may AFFECT the Bondno..Ss,,,s.
or IN order 70 adopt any ~ the rsso'Sn ~.
10 which Article Thirty-two Of the -
Of Bond Issue dated July l, 1911, qs0 IA
before refers, the Trustee hereby e,,,.
the holders or owners OF the Norn1,,
Bonds mentioned, Series a ara "A
hold general extraordinary ine,ts
the ninth day OF october NEXT AZ thiL,,i,,f
NJ in the Principal Hall Of the eg,a,'
which the Trustee occupies IN ~ Msss
or Cbispo Street Number tlt'y- thI''
this cry Of Havana. and ,,..,,-f
Fourth: That, at said General Mss,.,1.
the rules established BY Article, Ln
one 10 Thlrty-siN OF the Deed OF ;s,r
1911 shall be observed In 50 tar 40 w.
may be applicable 10 the Aeetng-
Havana, cuba, September ), lsiL,I
THE TRUST COMPANY OF COpH
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-10

Corporate financing of all kinds
last month aggregated S165,000,0O0,
compared with S15O,OOO,OO0 in July
and S8O,O0O,OOO in August, 1916.
The preponderance of notes in the
total Of new issues is seen from the
fact that short term obligations
amounted in all to S106,000,000, or
approximately 65 per cent Of the ag-
gregate. In the first eight months
Of the year to date American cor
porations have issued $1,325,000,000
in new securities, which included
S242, leo, 900 in railroad notes, $751;
$4,000 in industrial notes, $221,-
100000 in industrial bonds and
100000 in industrial stock.
Since the United States entered the
war the great bulk of the new
financing has been of the short term
character, as is indicated by the Au-
gust and July returns.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-10
A Vicious Cycle Averted

In times of peace the unfettered law
cf supply and demand is the best regu-
lator of the prices and production of
most articles of merchandise. The
country may well congratulate itself,
however, that the government was
alert to the fact that such was not the
case in the present crisis. Increases
of 400 per cent in the commodities pur-
chased most heavily by the railroads,
coincident with unprecedented agita-
ton for higher wages, made it impera-
tive that the railroads should demand
conspicuous increases in freight rates
if compelled to pay these excessive
prices. And if the railroads had been
permitted TO increase freight rates, this
would have caused a further increase
in the prices of such bulky commodl-
ties as coal, iron and steel. This, IN
turn, would have meant a renewed de-
mand for higher freight rates. There
would have been a vicious circle OF
price imitation, which would have
made efficient preparation for war
impossible. The United States would
have been defeated at the very
beginning of the conflict. By refus-
ing any considerable increase in
freight rates. however, it is possible
to keep the selling price of commodi-
ties within reasonable bounds. By
fixing fair prices for commodities,
moreover, the railroads can continue
to operate at profit without higher
freight rates. Furthermore. with
fcight rates and commodity prices on
N reasonable basis, many private con-
Germs can continue in business whose
commercial existence would have
been strangled otheryise.-A lerdnder
H1,niIfon Instituted
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-10
The Governments Way Of
Marketing the Wheat Crop
Grain Dealers in the West Cooperate with Food Control
Board in Friendly Spirit-Federal Reserve
Banks Provide Funds

wheat in home bins, and they, cannot
store il in city or country elevators
longer than thirty days, which IS the
limit for all. Country elevator dealers
in wheat will not have marginal pront
specified, but if they expect to retain
their licenses they must be reasonable
The government will name the diner,,
ence in values between the standard
grades and will try to make fair price
or sample wheat.
Grain trade practices and devices are
being utilized to n large extent by the
Food Administrator Board, apart from
the hedging or speculative features,
and the grain trade is trying TO CO.
operate to make the plan successful,
without much encouragement TO De
found in precedent as similar attempts
by other countries in the past have
proved futile, if not costly.
Mr.. Hoover's attitude is so friendly,
the keynote of his plan being cooper
alton, in and out of conference, and
there is so much more speculation in
coarse grains, corn and oats than pre-
viously, with promise of enlarging cash
, grain business, that the trade feels
better under the new order of things
than it had hoped to. Hoover has
picked out associates and assistants
who command the confidence he him
self inspires. They know their bust
ness, proved their ability by success
In il and sacrificed themselves for the
sake of the country and the cause.
Some Dealers Retire
A few prominent young grain men
have retired temporarily, some com
mission houses have reduced their
working forces, but in the main there
is not much difference in the Board
of Trades appearance, except the
silence of the wheat pit.
The wheat price commission appears
to have made the best practicable COM
promise in the pull and haul between
producer and consumer in naming 1920
at Chicago for No. Northern wheat of
1878 crop. A farm price of close to
81 assured for two seasons will con-
trast with $3.50 as the December l
wheat average value last year, and with
90 cents average for two preceding
years, with rs cents for 1912 and 1913.
with STA cents average for 1910 and
1911 and with 95 cents for 1908 and
1909. The average price OF No. l
Northern spring wheat in the Chicago
market during the last ten years was
sips a bushel. During the same period
the average price paid 10 producers
was approximately SLOT bushel. The
highest price paid to the producer was
in June. 1917, when the average was
S249. There was a minimum Of 70
cents a bushel paid to the farmer in
, December, 1912.
In England it has been lately fig
ured that the cost Of growing an acre
Of wheat has risen AZ per cent between
1918 and 1917. With us that increase
has been unquestionably larger. but it
is assuredly we'll short of the 10 per
cent increase in price allowed over
the 1913 quotation.
The following table. subject to cor
rection when official reports are re-
ceiyed. has been compiled by lead
ing Chicago export grain firm to show
the prices TO be paid at the principal
markets:
DARK HARD WINTER-DARK NORTHERN
SpurN-c AMpL-p DIFpFrM
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-10

One of the most interesting feat
ures of the investment market in re-
cent days has been the increasing
inquiry for municipal securities. A
fairly good demand has sprung up
from private investors, estates and
institutions. The demand has been
stimulated in part by the indications
that income from future govern
ment loans Eill be taxable. More
over, many municipal issues late
ly have reached prices ruling
at the outbreak of the war. In
regard to the basis of future war
financing by the government, the
passage during the week by the
House Of the war credits bill au-
thorizing S11,53S,945,0OO in bonds
and certificates indicates what is to
be expected. The bill, which is now
up for action by the Senate, au-
thorizes the issuance of convertible
4 per cent bonds, subject to super
taxes and war profits taxes. Of this
total, S4,OOO,OOO,OOO is for new loans
to the Allies and S3,0O0,000,000 to
convert the 31a per cent loan al
ready authorized. 1t is quite APP
parent that if future government
loans are made taxable, such tax
exempt securities as are obtainable
will be in great demand. The chief
/ factor which has initiated against
the standing of municipal securities
in recent months has been the pos
/ sibility that the government may re-
woke the exemption of such bonds
I from Federal income taxation. This
point has not been settled yet. Sales
Of new issues Of municipal bonds
have also expanded of late. During
the month of August the aggregate
Of long term bonds of this character
foated in the United States was
$26,593, 1922, compared with $25,l37,-
9O2 in the corresponding month of
1916 and $22,97O,0OO in August,
1915.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-10
Monday, September 10, 1911?

Although the general investment
market continues in a state of dull
ness, pending the flotation of the
next instalment of the Liberty Loan,
due within the course of the next
month or so, the adjustment of
values to changing conditions in
money and finance is still going for
ward. The great amount of new
note issues brought out during the
last two months at unusually at
tractive rates of interest is offering
strong competition to the old line in
vestments, and will likely continue
to do so. This accounts in part for
the gradual, though none the less
steady, downward movement in mar
ket prices of long term bonds, al
though, of course, the huge war
financing programme laid out by the
government is the chief adverse in
fluence. Liquidation in this part of
the security market, while not so
striking as that which has gone on
in the last two weeks in railroad
stocks, is nevertheless an accurate
reflection of the general feeling of
uncertainty that is entertained on
practically all sides. The whole in
vestment market is in a state of
flux, and it seems a safe prediction
that further farreaching changes in
values are in store before the end of
the war arrives.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-10
Trend Of Business

The commercial and industrial out.
look is good, fundamental factors ex-
hibiting many more gains than losses
The general trend is toward conserva.
tism and reductions in volume are
more in evidence than for some time
Business men are giving their attention
chiefly TO three elements of the situs.
ton, labor, prices and transportation
and it is gratifying to be able to re-
port that at least in the last-named
factor there appears to be every indca-
ion of early relief.-Fronkin National
Bank of Philadelphia.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-10
From Trade Journals
Railroad Efficiency

The entrance of the country into the
war, however, afrording, as it did, the
opportunity TO operate the railways as
a single system and to appeal 20 the
individual arrangements, the employees
and the patrons of the railways on
patriotic grounds TO cooperate vigor-
ously in Increasing their efficiency, has
enabled some remarkable Improvements
in the use of engines and cars to be
made II the railways handle rela-
lively as much freight traffic in each
remaining month of the calendar year
1917 with each locomotive and car, as
the improvement in their performance
in April, May and June indicates that
they will, they will make a record far
surprising their best past performance.
We estimate that with each freight loco
motive they will handle 1l,447,000 ton
miles in 1917, which will be 2Sl1 per
cent more than in the fiscal year 1916;
90 per cent more than in the fiscal
year 1915; AZ per cent more than in
.he fiscal year 1918 and 77l2 per cent
more than in the fiscal year 1908. We
estimate that they will handle $4,000
ton miles with each freight car in 1917.
This will be 81 per cent more than was
handled in the fiscal year 1916; SO per
cent more than in the fiscal year 1915;
II per cent more than in the fiscal year
1913 and 70 per cent more than in the
fiscal year 1908.
Of all the concerns which have in
creased their efficiency in the cause OF
winning the war the railways probably
iin po lT much larger ne amount mo of traic
with each freight locomotive and each
freight car than was ever done before
in their own history or that of any
other railway system in the world
RnillrnaL a ne Gn-ette
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-10

ton whether this will continue when
the country resumes freer and broader
industrial and commercial operations
after the war. However, a cash
basis persisted in for so long a period
cannot fail to have a salutary effect
on the future business life of the
country, especially in combating the
old evil of looking first to the terms of
payment and only secondarily to the
quality of the goods when purchasing.
The present curtailments of credit, by
which is meant the giving and taking
of promissory notes rather than book
credit, also bring the Russian market
closer to the American home market
and European markets in general, and
thus can only be welcomed by Amer
lean business interests.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-10

Money rates stiffened again last
week, following the sharp reduction
in the bank SURPRISES in the pre-
ceding week. At the Stock Exchange
the rate for demand loans, which are
used mainly in financing stock mar
ket operations, rose to 6 per cent,
and remained there until the banks
had partially repaired the inroads
made upon their reserve resources.
Loans for fixed periods were also
higher, while in the commercial
paper market the hardening ten
dency was noticed. Although it was
reported that gold imports from
Canada on British account might be
resumed to ease the situation here,
the Treasury authorities at Wash
ington eased matters greatly by de-
posting fresh funds in the local
banks estimated at somewhere be-
tween $75,000,000 and $100,000,000.
This aid is, of course, only tempo
rary, and the money market seems
to be confronted with a situation in
which government Withdrawals and
deposits will cause alternating pc
RODS of stringency and ease. AT
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-10

Britain; this year the respective qu
titles were $3.50 and l0,0OS bales '.,,,.
Judging from present eonu'S Ia.
japanese goods will be ape " ~
their ground against British tor 80,
years after the war, but very Keen 80
petition is expected. japanese
spinning mills In and about SnA ~
will show great activity, while 20
will be a great development IN 80
prises under Anglo-Chinese ms
ment. The Anglo-Jspanese rivaIi
stimulate Chinese spinners' aha
proposed revision Of the Chinese
toms duties, when carried ouS -
lead to the increased activity OF
merchants"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-10
DIVIDEND NOTICES.
National Conduit and Cable Co., lAt'

The Board Of Directors Of the N',0D.
Conduit & Cable Co. Inc, to-day "a,
a quarterly dividend Of One Dollar u,
per share upon It's outstanding C,0,y
Stock, payable october 18th, TO s'0'A1 60.
ers OF record at the close OF business
TENDER 18th. Transfer books VIII nov 9'.
NJ. A. HOWARD. seers'"'
September 7th. 1917.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-10

Finance Economics
STREET OFFICER Teephonsi
Mills Building 10 Broad St. Hanover 0N

best, it seems certain that money
rates will be firm throughout the
fall months, what with the govern
ment's borrowing operations and the
heavy demands for crop moving pur-
poses.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-10
r>,rrn nvr,oon CORPORATION

Preferred Capital stock Diyidend 4.
Common Capital stock Di'idena ,Sor,
A dividend OF Sl.75 per snare "a o.,
sum set aside for the payment OF pe,.,.ry.l
share FOR the wear isi7) on the FlIeel.r. !,
stock and $3.50 per .har. on the SS.9c InlTsa
stock OF this Corporation has been 60.
payable october I. 1911. 70 sioGhhSy seq
record at the close OF business fraN'
TENDER "a. 1911. =, .tos,t
The Transfer books VIII not % S.w Ton
Trust Company OF New YORK. r.,,,f
DE WITT CLINTON JONES, Irea'S'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-10
Domestic Mills Come First

The government has n right to order
from store any wheat regardless OF
ownership, which fact should be con-
sidered by shippers in request lot
storage arrangements. There is no
possible way whereby consideration can
he given by the government TO dealers
owning high-priced wheat. There are
over 1000 -four mills in the United
States, of which 1900 have capacity
Of 100 barrels or over.
Domestic trade will receive first con-
sideration because, for one thing, 1t is
desired TO mill in this country as much
as possible of the wheat allotted TO the
Allies. Mr.. Hoover probably will de-
termine how much, If any, can be
spared for the neutral countries.
Each zone having -four mills has a
millers' committee, and there is CEN
trail millers' committee, headed by
James F. Bell, of Minneapolis, asso-
ciated with whom are eight other lead
ing millers, representing all large -four
producing sections. 1t remains 70 be
seen how far price control will be
needed, if at all, beyond the mills.
Elevator owners must make weekly
reports of purchases, shipments and
stocks in store. Country elevator lines
must license each house. It is not ex-
pected that wheat mixing will be al
lowed. Mr. Barnes and his aids will
probably settle any dockage questions.
Large Movement Expected
A big movement Of wheat is looked
for, limited only by the car supply,
which is becoming distressingly short
in some localities. Thrashing of wheat
both from shock and stack is more gen
eral in the winter wheat belt and
thrashing operations are under way in
the spring wheat belt. Farmers are
not expected to attempt to hold their
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-10
Chicago, September z.

Trading in wheat futures ended In
the United States on August % and In
Canada on August 81. The price OF the
1917 crop has been fixed at $3.50 a
bushel, Chicago, and of the 1918 crop at
81. Canada has taken similar action
for its present crop.
Wheat prices at other United States
markets are established according to
set Of diferentials, which are theoreti-
cally the differences in freight rates,
but the management OF the Chicago
Board of Trade protested against them
as being so excessive as to divert ship
ments to other primary grain centres
lnd TO seaboard cities. Fixing Of the
price for next years crop Is regarded
by many as a mistake, favoring the 10
per cent Of producers as against the 20
per cent of consumers. This, however,
is a time of heroic measures, and even
II peace comes in the next few months
the government can give its wheat
away, even il it cannot sell 1t.
There is no open buying of wheat
on the Board of Trade by the Food
Administration Grain Corporation. All
wheat that arrives is placed In store
and receipts for it delivered to the
government buyer, who pays for it. 1t
is expected that both the regular pub
lie and private elevators will be used
a. necessity requires, receipts in the
private warehouses being safeguarded
Storage rates are to be the same as at
present and are 70 be paid by the gov
crnment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-10
Plan OF Control


Briefly summarized, the new plan
covering wheat and rye is as follows
The United States Food Administration
Grain Corporation, with headquarters in
New York, does all the buying, and, hav'
ing bought, all the selling. The country Is
divided into fourteen zones, IN each OF
which, embracing several states, the
Grain Corporation has an office, al
under the direct supervision of Herbert
C.. Hoover, national food administrator
julius II. Barnes, head of the s5O'ooo''
600 CORPORATION, and his staff have
worked out all details of the wheat
control plan. Agencies of the Grain
CORPORATION are located at every port
and every primary market, every ter
minal and elevator station.
The sales of wheat will be confined
LARGELY to the wheat already delivered
into elevators designated by such agen'
cies, the government only paying tor
such wheat after the grain has actually
been delivered into the designated ele'
vators and in exchange for warehouse
receipts.
The grain receivers will do business
about as usual. Commissions are to be
per cent, as at present. There Is to
be only one price for standard grades
with differentals for the others. MIL
lers are to have rs cents barrel profit
on -four and 80 cents ton profit on the
offal. Mills which DO not take out
licenses will have hard time to get
wheat. Country elevators must else
The Washington herald., 1917-07-22

DR.. Louis Schultess has been added
to the temporary staff of the Swiss
Legation and the additions to the list
of the Danish Legation staff are: Mr..
]. f. Boggild. commercial adviser. and
Mrs. Boggild, and Mrs. n. v. Boeg.
commercial secretary, and Mrs. Boeg,
temporarily attached.
Mr.. Albert BlanChet has been ap-
pointed secretary of the Haitian Le-
Ection and ne and Mrs. BIanchet are
residing al 1910 street. Mr.. Maurice
MenOs, the former secretary of the
legation, has been detached.
Mr. Christie D. Kaneff, attache at
the Bulge rian Legation, has been de-
tachcd. Mr.. Louis Leclercq has been
appointed first secretary Of the Bel
gian Legation.
Gen. Vignal, military attache OF the
French Embassy, and Mime. Vignal
have taken an apartment in the st.
Nicholas The naval attache. Com
mander de Blanpre, and Nine. de
Blanpre. have moved from the High
lands to 1920 Twenty-third street, and
Lieut.. de Vaisseau de Chivigne, as
sistant naval attache, who has re-
Gently come to Washington, has quar-
tiers at 1908 Columbia road. NJ. de Sar-
tiges, third secretary of the embassy,
who has been absent, has returned to
Washington.
The Counselor of the Swedish Lega-
ton, Baron Akerhcim, and Baroness
Akerheim, who have been at zoos o
street for the early summer. have
moved to Beverly Courts, 1875 Co.
lumbia road.
The Washington herald., 1917-07-22
Weddings.

The Marquis of Carlsbrook prince
Alexander of Battenberg until King
George abolished German titles in the
royal family and lady Irene Denison.
only daughter of the Earl of Loundes-
borough, were married Thursday in
the chapel of st. James Palace Lon
don.
The King. Queen and other members
of the royal family attended the we'd
wing.
The bridegroom is the eldest son Of
Princess Beatrice. King Georges
youngest aupt.
Not in a long time had there been
such an assemblage of members OF
the royal family, every member now
in London being present in the flower
decked chapel.
The ceremony was shorn of much of
its splendor owing to the war bride
carrying no bouquet and dispensing
with bridesmaids.
Mrs Jennie Lorell Walters, daugh-
ter of the late Mr.. and Mrs. Milton T.