davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1917-07-19
New Financing
Hits Stock of
General Electric
Delaware & Hudson Shares
Also Weaken Because of
Short-Term Loan

General Electric stock declined
sharply yesterday on the announcement
that the company had arranged loan
for sl5.000,000 for three years, "to
provide for the demand of a largely
increased business" The shares were
selling at their lowest quotation for the
day at the close, the net loss being Az
points. The new notes, it is expected,
will be offered to investors on 6h
per cent basis.
A statement issued by the company
expla med that it had expended nearly
100000 upon additional plant facili-
ties during the year 1916, and like
expenditures for the present year will
be considerably greater. Apart from
this, its inventories have naturally
greatly increased, and the slowing
down of collections in the existing un-
settled conditions will result in more
than normal increase in its accounts
receivable.
"The quick assets of the company,
as shown by its last annual report,
eACluulHS StCuIlblSs, diiOuhNSu " "S''
100000. Against this, it had indebted
ness, excluding current liabilities, of
S12,0O0,O00."
A drop of 2 points in Delaware e.
Hudson stock, at 1l212. took place on
the report that this road had sold S9,-
100000 of three-year per cent notes
to banking syndicate headed by Kuhn,
Loeb & Co.
Other short-term financing in pros
pect is that which must be done by the
Chicago e. Western Indiana Railroad,
to take care of Sl3,935,OO0 of two-year
per cent notes maturing September
l next. j. P. Morgan G. Co. and others,
it is reported, will make the road a
loan sufficient to meet this maturity.
New-York tribune., 1917-07-19
News Digest
Foreign

Investment Issues Strong in London.
-LTdon, July 1S.-Money was easy
to-day and discounts were dull. In the
stock market renewed strength was
shown by glt-edged issues on invest
ment buying. Argentine rails were
buoyant on rumors of increased freight
charges. The market in general was
cheerful. Russians were exceptions,
being influenced by the latest news and
the sharp rise in exchange. Most Of
the speculative issues were firm. Ca
madam silver mines were prominent.
There were occasional sales of low
priced American stocks.
Bar silver, 40 15-l6d an ounce. Money,
3iaG4 per cent. Discount rates: Short
bills. 4% per cent; three months bills,
413-16 per cent Gold premium at
Lisbon, 5000.
Paris Market Firm.-Paris, July IS.
Prices were firm on the Bourse to-
day. Three per cent rentes 90 francs
20 centimes for cash. Exchange on
London 81 francs IS centimes. Five
per cent loan IS francs 30 centimes.
New-York tribune., 1917-07-19
The Dollar in Foreign Exchange

Russian exchange developed pro-
nounced weakness in the local market
yesterday, rubles declining to new
low record of 21.25 cents and closing
at 21.55 cents. Bankers reported only
a slight increase in the volume of
ruble bills offering and attributed 'he
decline more to the sentimental effect
of the late developments in the Russian
political situation.
Other exchange rates were firmly
maintained as a rule, with the excep-
tion of Swiss francs, which declined
fractionally.
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, so that daily quo
tations for either marks or kronen are
no longer available.
Il.
New-York tribune., 1917-07-19
Bankers Discuss
Spanish Exchange

Washington, July 1s.-The high pre-
MUM of the Spanish peseta over the
American dollar in foreign exchange,
due, it is believed to artificial methods
employed by the Spanish government
and Spanish bankers, was the subject
Of a conference to-day among Federal
reserve officials and New York bankers.
No corrective procedure was decided
on, but the question will continue un-
der investigation.
New-York tribune., 1917-07-19
Money and Credit

Although money rates were firmly
maintained yesterday the local market
was quieter and fluctuations were much
less erratic. The ruling for call money
at the Stock Exchange was 6 per cent,
though at one time it dropped as low
as 31a per cent.
In the market for time loans based
on Stock Exchange collateral there WAS
a moderate demand, particularly in the
longer maturities.
Ruling rates OF money yesterday,
compared with year ago, were as fol-
lows:
Yesterday. Year ago.
Call money. so ga:
Time money (mixed collateraD:
60 days.. 4La% 3Ia@3A%
80 days.. 4La@474% 334@4 %
months. 4La@474% 4 %
8 TO mos. 434@5 % 4 @4l4%
Commercial Paper.-Rstes were un-
changed yesterday at AZ TO per cent,
with a fair amount Of business doing.
Oficisl rates Of discount OF each Of
New-York tribune., 1917-07-19
Relevant Facts

Ajax Rubber.-The company re-
ports for the six months ended June 80
last net earnings amounting to S1,257,-
46l. Sales increased 59.O7 per cent
compared with the corresponding
period of 1916. In a letter issued ID
the stockholders Horace De Lisser,
chairman of the board, says:
This increase has not oeen occa-
stoned because of war conditions, for We
have taken no business, nor have we
bid for any, from either our own or
foreign governments. At no time dur
ing this year have our factory facilities
been equal to the demand for the COM
pany's products, and on June 80 we were
behind orders of over $4,000 castings
and $4,000 inner tubes. Both of our
plants, at Trenton and Racine, have
worked twenty-four hours daily since
January |. We are carrying fairly
large stocks of crude materials, and
our supplies for the balance of the re-
naming six months of this fiscal year
have all been contracted for at figures
far below present market prices
Denver & Rio Grande RaiIroad.-
Buying of the company's securities
yesterday, causing sharp squirt in
prices, gave rise to reports that some
sort of adjustment might be reached
In the roads legal fight over the West
ern Pacific bond guarantee. On deal
ings of 500 shares the common stock
rose y points to 9ls, while the pre-
ferred on a turnover of 5000 shares
gained 34 points to IVA. The Denver
& Rio Grande refunding per cent
bonds sold from 50l2 TO SO.
Maxwell MOtors.-The common stock
sold yesterday at the lowest price since
1915, touching 3l%, and closing at
80 Y, ne; loss Of "a points. Dealings
were unusually heavy, amounting 10
$4,000 shares. The company is still
paying dividends on Maxwell common
at the rate of 10 per cent n year. At
yesterdays low price the dividend
yield on the common issue was ap-
proximately 81 per cent. The board of
directors will meet for quarterly
dividend action on the common stock
next month.
Ohio Cities Gas.-DirectoT> have de-
clared a common cash dividend'of sl.o5
share on the new stock. when issued.
payable September TO stockholders OF
record August 10. This distribution is
equai 70 per cent for the quarter on
the new stock, the par value of which f!
is $25.
Columbia Gas iand EIectric.-Con- ,
soiidated gross earnings for June, in |
Guiding income of subsidiary prop |
critics, amounted to S762,992, which |
was moro than % per cent in excess
New-York tribune., 1917-07-19
ss

action expensive. but certain American
importers of raw materials have had 10
make a choice between shipping tne
gold or going out of business.
The Exchange Situation
The facts about the Indian exchange
situation are interesting. In norman
times India usually exports more 'han
she imports. The balance then has 10
he Maid in shipments Of gold, shipments
of silver or in the transfer OF FUNDS on
India usually obtained by sales OF the
so-cailed India Council bills, made py
the India Council in London. Since tne
war began. however, gold shipments
from England have not been permlttea'
while the high price CT silver mas 'enu,
ed TO restrict shipments OF TINS meta'
THE use of the third mode of remit
.snce the council bills, has been avail
abIe hut the exports of India have IN
creased so greatly that the British gov.
eminent has had TO limit the amount
of hills sold in order 70 avoid exhaust
inc the funds available in the treasury
of India. Various arbitrary limits nave
baen set the amount now being about
12O, 100000 rupees week. ms Has
nroved insufficient, and the demand Tor
exchange on India from all over the
world has sent rupees to the neaVy
premium. .o
Traders in neutral countries. espe-
ciaIlv the United States, have been par
ticularly hard hit, owing to their IN
ability to make remittance TO lndia via
the usual London channels. This start
ed the silver export movement from the
United States early this year, wnich
has now been checked by the BrltisI
Government. and will likely be followed
now by the export of gold on a consid-
erable scale.
New-York tribune., 1917-07-19
Current

The above rates express the cost OF
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling at, say, s4.7512. The intrinsic
parity is s4.s6ss 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 to
settle accounts in England.
New-York tribune., 1917-07-19

Of gross revenues, ',,sss.': tss 's''t = a:.',
1916. Despite an ,;ss expeasst -
per cent in operating income, ~
Ss5 ss ;sF9as, q ,5aSsss ss' showed i's:. e.: g:
prr were sVss sssS. % 400 compared mall s i
year ago, resulting i, rSieh ss'
in surplus earn'"s
$leS,66S.
New-York tribune., 1917-07-19
Wednesday, July 1S, 1917

Simultaneous announcement that
several corporations will shortly
bring out issues of short term Sc
curities has led to general discus
sion of the possibility that there may
soon be a rush of corporate financ-
ing. Such a development does not
seem likely, however. The time is
not propitious, though conditions
are pretty sure to be even less favor
able a month hence than they are
now. The sale of new corporate Sc
curities henceforth will be practica-
BILE only in the intervals between
flotations of government bonds, and
then in limited amounts. Within
a few weeks the next Liberty Loan
campaign will be in full swing.
1t is true that there has recently
been some improvement in the de-
mand for investment securities, but
even so, the market does not seem
broad enough to absorb any consid-
cradle number of new offerings. 1t
is significant that so strong con-
Germ as the General Electric Com
pany has fixed the rate Of interest
on the Forthcoming note issue at 6
per cent, while the notes may be
offered on a 6A per cent basis.
New-York tribune., 1917-07-19

New offerings, other than those
necessary for refunding purposes,
will probably be confined, for the
greater part, to those companies
which, for one reason or another,
are in urgent need of money, for
the simple reason that only the most
pressing demands can be satisfied.
Luckily, there are comparatively
few companies requiring funds at
this time. The extraordinary pros
perity which has prevailed for the
last two years or more has enabled
many industrial concerns which
normally might be expected to make
demands on the money market to
build up huge cash reserves, and
they are, therefore, in comfort
able position, regardless of conditions
in the investment markets. Not a
little criticism has been made Of the
directorates of various corporations
for their failure to adopt more lib
eral policies in the matter of divi-
dend disbursements. The wisdom
of conservatism in this respect is
now being amply vindicated.
1t is said that a good many manu-
facturers require large amounts Of
money just now, because, owing to
traffic congestion, the embargo and
other things, deliveries have been
held up. This does not mean, as
has been suggested, that such COM
panies will have to float securities.
1t is rather matter of bank credit.
1t happens, fortunately, that no
great amount of refunding is in
prospect in the immediate future.
Corporate maturities in August will
be less than $30,000,000, while in
September between S50,000,000 and
sec, 100000 will fall due. A consid-
cradle portion of the securities
maturing in those months will, how
ever, be retired.
The extent to which railway
ret earnings will be increased by
war economy measures, such as the
curtailment of passenger service,
cannot be measured as yet, but it
will be very large, as is evident
from some figures given out by Fair
fax Harrison, chairman of the Rail-
way War Board. He reports that
the saving in transportation will
amount to 16,267,02S passenger
miles-that is, the equivalent of
transporting 16,267,02S passengers
one mile. The saving of coal alone
will amount to 100000 tons, and
that is by no means the most i'm
portant item. Elimination of un-
necessary passenger trains not only
reduces consumption of wages, fuel
and other supplies, but it makes
available for freight service much
needed equipment and the labor to
man it.
New-York tribune., 1917-07-19
Elections

Charles J. McDermott yesterday was
elected a director of the Metropolitan
Trust Company, to fill vacancy in the
board.
New-York tribune., 1917-07-19

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., 1917-07-19

Sub-Treasury. - New York banks
gained from the Sub-Treasury S2,
8S2,530.
Silver.-Bars in London, 40Ad, of
3-16d; New York, SOA cents, off q
cent; Mexican dollars, SO cents, off Il
cent.
Gold Currents.-The Sub-Treasury
transferred yesterday 100000 by tel
egraph to San Francisco on the account
of local banks.
New-York tribune., 1917-07-19

Columbia Gas land EIectric.-Con-
soiidated gross earnings for June, in
ciuding income of subs bsidiary prop
critics. amounted to S762.992, which
was moro than % per cent in excess
New-York tribune., 1917-07-19
the twelve Federal districts are as fol-
lows:
DAYS
Over Over Over

Bank Clearings.-The days clearings
at New York and other cities:
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1917-04-29
AMERICAS ACTION
POPULAR IN BURMA

Professor Lee Howard, an instructor
in the Baptist college at Rangoon,
Burma, is a visitor in town, stopping
to see his brother. Joseph Howard
instructor in chemistry at the State
University.
Professor Howard left Rangoon on
February 10, spending over two
months making the journey to Seattle
due to delays in travel and precautions
taken on account OF the war. He is
on his way to visit relatives in Ne
braska and Illinois. He stated that
the feeling in Burma was decidedly
antagonistic to- Americans because OF
the strong British sentiment prevail
ing and would hardly dare to return
had not the United States entered the
war on the side of the entente
Mr.. Howard is accompanied on his
trip by his wife ana child.
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1917-04-29
HIGH SCHOOL BOY
DIES IN HOSPITAL
George Addison Child Vic
tim of Dread Disease.

George Addison Child, second son of
Mrs. Matte Fl. Child of 32S South
Fourth street, west, died early Satur-
day morning at st. Patrick's hospital
after having been seriously i'll for two
weeks with spinal meningitis. George
Child was born at Echo Mimi. June
-. 1900. and moved with his mother
to Hamilton i" 1910, coming to Mis-
soula five years ago. He is survived
by his mother. a sister and four broth =
ers.
George Child was a student at the
Missoula county high school, being /,
member of the junior class. He was
also a member of the Church OF the
Holy Spirit in this city.
Funeral services will be held al
10:3 tomorrow morning from the resi-
dence at 32S South Fourth street. Rev
II. S. Galley will be in charge. Inter
ment will be in Missoula cemetery.
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1917-04-29
Fly SWATTHNG FUTILE
! IN SUMNER; Do It NOW
Only Time to Conquer
House-Fly Pest Is to Pre-
vent His Coming.
FIGHT PROPAGATION
Cleanup Campaign, lnsti-
tuted Now, Will Help
Matters Greatly.

swat the fly early and frequently
and keep at it, is the new slogan in
the Missoula campaign against the
house fly pest. During the past few
days the spring warmth has brought
forth n few specimens from their hid
ing places. Sentiment regarding the
drOwsy. homelike atmosphere produced
by their subdued buZzine should be
banished and the fly swatter placed
ready for instant action. for one fly in
April may mean several million in
June.
FIX swatting campaigns. of them
selves. are not sufficient for the elimi-
nation OF flies writes Earnest A.
Sweet. former assistant surgeon of the
United States public health service.
in a pamphlet on the transmission of
disease by fMns. Usually they are in
auguratcd only at the height Of the fly
season when a pcrceptible diminution
in the number of insects present is
not possible. If instituted during the
early spring months, when the insects
from which the millions of others are
to be derived are few in number some
benefit may follow. particularly if pre-
cautiOnary measures are also exercised
in regard to breeding places. II the
energy displayed in late season fly
killing campaigns could only be d.
rected into proper channels during the
early spring months. and iflhc people
would realize that strict cleanliness
and the immediate destruction Of all
filth and garbage are essential
throughout the year. the fly problem
would be largely solved"
IAN ounce of prevention Is worth a
pound of cure is q maxim especially
applicable to Il fly determination cam
paign. Within a few days the weather
will be warmer and fly propagation
will begin. The individuals which
have managed to keep alive all winter
will deposit their spring batch of eggs
and the eggs deposited last fail will
hatch. Careful work in cleaning and
disinfecting outhouses, barns, garbage
repositories and manure at the pres
cnt time is of more value than weeks
of work in June and July.
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1917-04-29
Is Years Ago
What Missoula Was Doing
Quarter-C Century Ago.
(From the Mfssoula Gazette Of Friday
April 20. 1922

(From the Mfssouia Gazette Of Friday.
April 20. 1922
Hon. w. NJ. Bickford says the dis
continuance of Fort Missoula and es-
tablishment of a military post at Hell
ena Is BY no means as settled fact as
seems to be generally supposed Mr..
Bickford has received a letter from L.
s. Senator Sanders in which he says.
II am assured that theresis no DISPOSE
ton to interfere with Fort Missoula
nor Fort Keogh. The question is simply
whether Montana shall continue to
hold the troops that have heretofore
been kept there or whether they shall
go to new post. and the choice is be-
tween Spokane Falls and Helena
II the people of Missoula want a
road to the F1athead country, let them
stand in with Missoula people and the
road will be built.
The tennis and la crosse clubs will
soon be actively at work.
Major Catiin has just received from
George l.. Shook the stuffed skin of a
magnificent mountain lion, recently
killed up the Bitter Root by Mr.. Shook.
The skin is to be mounted.
The play of Ole Olson, presented at
the opera house last night, was a high
7, ly satisfactory affair and was played
to crowded house. The play is not
as good as Yon Yonson. There is more
clap trap and horse play about it and
the story is not as interesting, but the
company is strong one and particu-
larry adapted to the work they have in
hand. No better music than that made
by the Swedish lady quartette was ever
heard here.
Mr.. and Mrs. c. f. Beckwith re-
turned this morning from their Cali
fornia trip. MIR. and Mrs. Mcleod are
still detained by the illness of their
son.
Fire was discovered in the second
story of the clothing department of the
Missoula Mercantile company last
night about 1870 and for a moment it
looked as though the city was going to
have a very big blaze. The blaze was
discovered in time. however, and
number of willing hands gained access
20 the premises and promptly annihi-
lated the conflagration before the de-
l'artment arrived.
A. b. Cook is a pretty good fireman
after all. He is not much stuck on
RAINING to CONGREGATIONS, but when he
las to he gets there every time. He
rendered valuable assistance at the
NJ. NJ. fire last night and today he is
sIorting u new hat in compensation
therefor.
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1917-04-29
10y William Brady, N. d.

Gentleman from Georgia, 70 inches
tall. weighs 1As pounds. Ten years ago
he moved south from Vermont, and
at that time he weighed 1870 pounds.
He Is 81. He has the Florida COM
Observation-Disclosures. muddy skin, very
white whites" in his eyes. His clothes
flap about his ungainly frame. He APP
pears listless and stupid. He is mo
account" and his place in Georgia has
gone to the bow bows because he is
too blamed lazy to take care of it.
Yet his pulse is rapid, and not lazy
mans pulse at all.
The gentleman has tried everything
he could buy for weakness, languor,
that tired feeling. neuralgia, general
misery. rheumatism, liver complaint,
stomach trouble. backache, kidney
trouble, nervous dyspepsia. constipa-
ton. catarrh, weak eyes and run down
condition. all OF which ailments he
says he has had since he moved to
Georgia.
Clinical examination with the man
stripped, of course. Heart and lungs
negative. Abdominal organs negative.
Urinalysis negative. Is he u mailing
erer?,, No, the blood count shows only
100000 red corpuscles per cubic mil
limeter, whereas there should be at
least q million and a half more
Ever have dew itch?"
The patient seems not to UNDER
stand. Ever have dew itch?" we re.
peat.
"Oh. you mean toe itch. Yes Had
y for quite q spcll-..that was soon
after / moved south"
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1917-04-29
WILL EXAMINE NURSES.

Helena, April 2S.-Lydia r. NanLe-
vance, secretary of the Montana State
Board of Examiners for Nurses, has
announced that it's annual meeting will
be held in Helena on June l., l3, and
IL. At this time examinations will be
conducted for nurses. Applications
must be filed 80 days before the date
OF examination.
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1917-04-29
eEOElL SELLS HORSES.

Morris Bedell recently returned from
the Blackfoot valley where he pur-
chased several span 'of horses. One
of these teams has been sold to the
Great Western Sugar company. These
horses are four and five years old and
the two tipped the beam at 5000
pounds.
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1917-04-29
New Silk Gloves

Women who excellent
o be
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1917-04-29
SPORTS Hats at DOnOhue'S

The GROWING touch of sports wear is the hat,
and uncommonly chic they are, too. Every
poneee and jersey suit will find its affinity in
silk or straw hat of some bright color for the
newest shades have been brought out in sports
millinery. There are large, medium and small
sizes in the array of sports hats, and no one
dominates over all others, for each is the pre-
ferred of some discriminating woman. Straw
and silk combinations are all good and in some
way each has been made new. The showing
is at its best now-Second Floor.
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1917-04-29
WANTS GRAIN KEPT
FOR USE AS FOOD

Helena, April Ex-senator T. J..
Walsh of Montana in a letter to the
Rev. DR.. n. II. Burdick of Helena, de-
clares that the consumption of cereal
grains at this time for the production
of alcoholic beverages is an indcfen-
sibie waste"
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1917-04-29
Wonderful Silk Skirtings $l.98

This showing of
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1917-04-29
More New POCketb00kS

Recent express shipments have enlarged our show
ngs of pocket books until have the best hereabous
are told. New pressed calf in gray brown, tan,
green and black silk bags in apple green gold old
blue and maize in beaded designs that the last word
from the eastern centers.
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1917-04-29
New Jewelry Just In

Metal grdes, with all colors of stones in real
o. Oriental designs: Priced $3.50 to $3.50
Beads, in cut jet, amber pearls en- In &
and colored shapes priced from wv ~ w
Ear bobs in pearl jet, jade and r()c IN e
Oriental designs in newest shapes; at, wv ~ ~
brooches In jets cameo ana
n ssos e* of a t1s svc ss rsss. Csc $3.50