davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-23
The Dollar in Foreign Exchange

Foreign exchange operators were in
terested yesterday in the strength OF
Swiss francs, which rose to 5.o7A for
cables, compared with 5.11 the day be-
fore. Some local importing houses were
quite heavy buyers Of exchange on
Switzerland. This was the principal
reason for the upturn.
Russian rubles were slightly easier
at 27.75 cents yesterday. The Spanish
rate holds strong and points to further
gold exports to that country. Exchange
rates on London and Paris were q shade
easier.
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.
Week
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-23
w alth NJ r k e t. and L

shops and thirty at the BALDWIN ho''
motive Works. Philadelphia.
The Altoona shops, in addition 10 con'
structng 2i5 locomotives for the lIneS
cast. on the 1913 programme nave un-
COMPLETED orders for 1870 on the W
programme. and will also build thirty
heavy passenger engines for the lines
west. during the present year. inns
brings the total locomotives at present
ON order at Altoona to 455, numoer
more than sufficient to keep the loco
motive shops running to fuliest ca
pacity during the remainder OF t"e
present year and during 1918.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-23
News Digest
Foreign

London, May 22.-The stock market
was quietly firm. The chief features
were Brazilian issues on the improving
exchange situation and broadening
demand Rubber shares, the war loan
and most of the Allied stocks were
steady, while industrals and home rails
were increasingly active. American Sc
curities were dull, but firm.
The Stock Exchange will be closed
next Monday, and the Baltic Exchange
Saturday and Monday, Whitsuntide
holidays.
Paris Bourse.-Paris, May 22.-Trad-
ing was quiet on the Bourse to-day.
Three per cent rentes, 81 francs 30
centimes for cash; exchange on Lon
don, 27 francs Is confines; per cent
loan, 81 francs 10 centimes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-23
ReAexes Of War

The necessity of strict economy IN
the use of fuel, owing to its scarcity,
has led to a decision to concentrate
diamond cutting and polishing in TWEEN
ty-four of the most important factories
in Amsterdam. This will close about
eighty smaller establishments. 1t is
explained that the Netherlands gov
eminent had directed that reduction
be made of % per cent in the use of
coal by every diamond factory, and
that the diamond factories were con-
sdered as a unit, and therefore a con-
centration of work that would reduce
the use of coal by % per cent would
conform to the spirit of the govern
ment order. 1t is further explained
that the closing of the eighty smaller
factories will not deprive any workmen
of employment. but that they Will SIM
ply be concentrated in the twenty-four
larger factories. Such concentration
would not be practicable in normal
times. but under present conditions,
with the war preventing purchases by
some countries and reducing the ship
ping to an important market ike the
United States. production of polished
diamonds is much restricted. The num-
Der of unemployed in the diamond in
dustry in Amsterdam increased from
1888 az the end of 1916 TO 5,372 in the
middle of April. 1917, in total of
about 1880 workmen. During 1916
the number had steadily declined from
1866 at the beginning of the year, but
the intensified German submarine war
fare, by stopping Dutch shipping. in
creased the number of unemployed un-
til it is now at higher point than at
any time since the autumn of 1915.
The value of the declared exports
from the Nottingham England con-
sular district to the United States for
the quarter ended March 81, 1917,
amounted to S2,625,S33, decrease OF
s624,525 as compared with the CORE
spending period of 1916. Practically
all of the decrease was due 10 the
smaller exports Of cotton and silk nets,
attributed to the fact that manufact-
urers of these products have been en-
gagged during the last three months in
filling government contracts.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-23
Other Cities

Boston & Maine Notes Extended
Boston, May 22.-James Fl. Hustis,
temporary receiver of the Boston &
Maine Railroad, was authorized by Fed
eral Judge Morton to-day to agree to a
years extension of lightweight prom
issory notes Of the Fitchburg Railroad,
aggregating S757,577 and due January
/ next. The notes were given to the
Boston e. Maine TO reimburse it for
permanent improvements on the Fitch
burg road. operated under lease. Mr..
Hustis set forth that it would be I'M
wise to sell the notes in the open mar
ket at the present time.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-23

The above rates express the cost OF
foreign money in terms of the Ameri.
can dollar. You buy an English pound
sterling at. say. *4.75k. The intrinsic
parity is s4s6Ss per pound. Thus, you
say either that pounds are at dis
count or that dollars are at 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. [volume] (New York [N.Y.]) 1866-1924, 1917-05-23
Pennsylvania Places
Orders for Locomotives

Orders for the construction of 275
new locomotives have been placed on
behalf of the Pennsylvania Railroad
lines east of Pittsburgh. OF this num-
Der, 1863 are for requirements and
106 will be additions to the motive
power equipment of the lines east.
The total estimated cost of the new
locomotives is in excess of $l4.200,000
OF the entire 275 new locomotives, 245
will be constructed at the Altoona
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-23
New York
Bank TO Pay Interest on Balances

Bank 10 Pay Interest on Balances
Directors of the Chemical National
Bank. one of the oldest institutions in
the city, announced yesterday that here
after the bank will pay interest on
bank balances, time deposits and spe-
cial and reserve accounts. This de-
cision was reached after a thorough
consideration of the changed financial
conditions brought about by the war,
which will call for the placing Of gov
eminent deposits on an interest basis.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-23
Kansas City Southern
Reports Gain in Net

Gross revenue of the Kansas City
Southern Railway Company, including
subsidiaries. in 1916, amounted to SILL
2S9, 1924, according to the annual report
issued yesterday, compared with S10,-
O76,169, an increase of sl,213,154. Net
revenues were S4,506,624, an increase
Of s636,409 over 1915.
Total investments of the company at
the end of 1916 were carried on the
balance sheet at Sl05,116,762, an in
crease of 81 $685. 34 over 1915.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-23
Money and Credit

Time money continued dull and easy
in the local market yesterday. Sup
plies Of funds were substantially aug
mented by fresh offerings by the banks.
while demand showed no corresponding
broadening despite the activity in the
stock market Mixed collateral loans
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-23
Bill Modelling Gold Becomes Law

Albany, May 22.-The Marshall bill,
passed with view to assisting Fed
eral authorities to mobilize the gold IN
this state for war purposes, has been
signed by Governor Whitman. 1t per-
mits banks and trust companies TO de-
post with the Federal Reserve Bank
sli Of their legal reserve in excess OF a
and 8 per cent, respectively. OF their
total deposits. The reserve which banks
and trust companies, especially in large
cities, were required to hold was much
larger under the former law.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-23
To the Holders Of Seven Per Csst
Cumulative Adjustment Mortgage
Gold Bonds
The Denver and Rio Crande
Railroad Company
ts.ued under the Mortgage dated Nr T.
1912. 10 The New York Trust esess"'
As Trustee:


as Trustee:
The District Court Of the uni'eo s..'
for the Southern District OF New i"'
having on May II. 1917. directed '''s
ment for mors than s37.l72.oeo ass'''
The Denver and Rio Grsnde Railroad w
many in favor OF The Equitable Trus' 70"
many OF New York. IS Trustee oi
mortgage securing the First MofHsU
Per Cent. Thirty-year Gold Bonds o.
ern Pacific Railway Company IL
utmost importance tina. the holders u y.
Bonds above mentioned be in q pos'''''
take prompt and united action. " n''"
.ary. 60 protect their interest IN INV
erty and 10 conserve the ssse" "
Denver and Rio Grande Railroad 'o~r
spplicable 10 the payment OF tns
TO tina, end the undersigned n.'
san,ed N act as a COMMITTEES for the wv
srs ~ the Bonds above mentioned W..
a Deposit Agreement no" IN '0'
proparation which will shorty % !.
Win The New York Trust compas, =.
n.no.,,orv o, which due notice WI
given by publication.
New York. May p. 1911
JOHN b. DENNIs'
ALONzO POTTER.
OTTO T.. Bt>SAhp'
ALBERT STRAUSS,
COMMITTEE
r L. sTowELL.
Secretary. -. r,,,
>, Broad street. New YORK ~
ruF WV YORK TRUST coMPAs.
lhh NJ" Depositsr'
% Broad street. New York Guy
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-23

Commercial Paper.-The tendency in
this market was easier yesterday for
the first time in a week, and brokers
were inclined to hold paper for a., per
cent. although the bulk OF the business
continued to move at per cent.
Official rates of discount of each Of
the twelve Federal districts are as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-23

One striking thing about the mar
ket of the last day or two has been
the drying up Of liquidating sales.
Thus far the fotation of the Liberty
Loan has failed TO produce the stock
market selling that had been pre-
dicted in many quarters, and aside
from the sacrifice of a number of
high priced railways and industrials
week or two ago. the movement
has not assumed important proper
tons. In the bond market, however,
this kind of selling has been promi-
nont and still continues. As regards
The present state of the stock mar
ket, one wonders how much longer
prices will have to mount before the
public comes in.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-23

Below is gwen 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, 1917-05-23
On Money NJ

London Money MarKet.-Londoh,
Nav 22.-Money was in better demand
to day in preparation for the transfer
of the funds of the recent war loan
call from the banks 70 the Bank of
England. Discount rates were quiet.
Money, 31s to 4 per cent; discount
rates, short bills, 11-16 cents; three
months bills, 4A per cent; gold pre-
MUM at Lisbon, So.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-23
Tuesday. Nay %, 1917

Ii will not be surprising if the
Liberty Loan should be heavily over
subscribed, though, unfortunately. 1t
is by no means certain that 1t will
all be taken by private investors.
The surprising thing is that, in view
of the vast wealth Of the country
and Of the long period of wide
spread prosperity through which
we have passed, it should be nee
essary to conduct the greatest
financial campaign in history to
"put over" loan Of $1,000
CO0.000. That is less than l per
cent Of the national wealth. 1t is
the equivalent Of the income of the
country for only two weeks. 1t is
no more than the extra profit made
nv American industry on exports to
Europe since the war began, merely
through higher prices, without
counting the enormous profits accru-
ing from increased sales. That the
American people need so much urg-
ing to give so little is discouraging;
but it should be remembered that
much the same thing happened IN
ENGLAND when the first big war loan
was offered in that country, because
tie public did not realize the i'm
portance of subscribing and had to
be educated to the idea of buying
government securities. They had a
thorough schooling before the last
British loan was offered, and the re-
suit was a tremendous response, even
from those who had never owned a
bond before. In France the public
had been accustomed to buying gov
eminent securities for many years,
so that it was said nearly every
wage Garner was a bondholder.
Therefore the French people re-
sponded much more readily to the
governments appeal for funds, just
as they periodically surrendered
gold when the state asked them to
do so. These things suggest the
probability that the next loan ope-
ration of this government will be
much more successful than the first.
The second instalment Of the five
billions may be offered at no distant
date. Already s7OO,0O0,000 has
been advanced to our allies, while
military expenditures of this gov
eminent have been on a large and
steadily increasing scale.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-23

The rise in stock prices made
further notable progress yesterday.
Many issues, among them United
States Steel common, whose per-
Torrance is perhaps the most i'm
ptessive feature Of the current
movement, were established at new
tops for the year. Steel, after early
irregularity, rapidly advanced in
the closing hour to 1878 for net
gain of more than a point on a turn
over in excess of 100000 shares.
Rails did better, too, although in
this part of the trading list is still
hesitant and backward compared
with the industrials. Copper shares
came in for more attention from the
speculative element, probably be-
cause of the growing feeling that
the government in its war purchases
will allow the producers and refners
a fair and reasonable margin of
profit, reports to the contrary not
withstanding. Although the general
trend of stocks was Enthusiastically
upward yesterday, there were signs
of the beginning Of readjustment
process that is to be expected, in
view of the extra advance. In less
than a week many stocks are up
five, six and ten points. United
States Steel common is more than
ten points above its price of a
week ago. Traders are talking of
natural reaction before the rise
could go much further, arguing that
a consolidation of the new position
was needed TO strengthen the mar
ket fabric. Unquestionably a large
portion Of the short interest built
up during the prolonged decline of
the last month has been wiped out,
and the long position probably much
extended. Whether this condition
will continue for long remains to
be seen.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-23

Silver.-Bars in London, 373s pence;
New York, 74ts cents; Mexican dollars,
5Sis cents.
Sub-Treasury. - New York banks
lost to Sub Treasury s5,05S,00O.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-23
ANDREW r. McCoRMAck. sues,''
REGULAR AUCTION nN"''
STOCKS And BOSDs sox
By ADRIAN u. MllLhh 81
OFFICE no. 50 WILL ,o,r

ANDREW =. NcCoRMASn' Gig
REGILAR AUCTION sNb]'
STOCKS AND BONDS. sox
nv ADRIAN ~. MULLER = ~"
Hrrirr 40 IS WILLIAM ST.
WED>EsDAy. MAY %. III"
AZ 1890 O'Clock. a. the
EXCHANGE sALESRO0M;
NOS. IL AND Is NbsEf .
FOR Account OF EAesutors O.
Il shs Remington TypeN'''
81 shA American car
co. prefd. =. CO
5000 central II X. OF. -
Ntg Sc, BIDS. 1881 30
5000 New York A hop"N"
For Account OF Trustees - n
,ss.hs THE uaitlne 60. tof y.
For Account OF whom {, May .o ,sss g.
Is, Mtg Sc, BIDS. isst
SO .hs. Deep We'll water 20 ~
5000 shs. Argcnaut consolids'so
10 s ,hs W %inni.ooa Club. A'sm' '
IS shs. James Eysr.rds sc~sss
100 shs Mutual Trust CO.
go 900 Mutual rrus, Co. Orange y =
.,,U, % Mutual trust Co. orsnse "
Ct0 OF Deposit esss
100 shs. Northern Pacinc ~
mon TT. cts -..,,s fsn-
500 shs' Chalmers Motor Corp
porary CIT. ccmmen ,..sses<s
IS shs 'stuyvessnt Ere M
50 shs. white Rock Mineral ~
Co common ~
81 900 Atlantic Mutual fnnursne"
OF 1917. .s> Z ~
900 Mutual Trust Co. orsns~ 3
Ctf. OF Deposit r
$50. goo Mutual Trust Co. oFe
Ctf Of Deposit W
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-23

were quoted at TO "a per cent ior
all maturtics.
At the Stock Exchange call money
was in liberal supply at pa per cent,
the ruling rate for the day.
Ruling rates on money yesterday
compared with year ago, were as ioi-
lows: .,
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1917-11-09
Final Clean Up Sale In
Summer Goods.

An opportunity to save. The remaining
portion of our strictly summer wear will
be sold at great saving. These goods
were contracted for at about old prices,
and were priced accordingly, but to clean
up and make room we will offer further
reductions on the following goods:
Ladies white canvas pumps and oxfords.
Misses white canvas pumps and Oxfords.
Childrens white canvas sandals.
Mems white canvas oxfords.
Ladies tan pumps, regular SIS value,
at So.
Ladies bronze pumps. regular SIS value,
at So.
Mems and boys oxford in patent, gun
metal and tan calf, 10 per cent off price.
Ladies white shirtwaists regular 79c
value, at SOC.
Ladies colored stripe skirts, regular 81 so
value, at 75c.
Ladies plain white skirts. regular SIPS
to $3.50, at CSC.
Ladies colored silk waists, regular $3.50
value, at 81,
Ladies wash silk waistsin stripes, regu-
lar So value. at $3.50.
S2,inch wool serge. regular &c quality,
at SOC.
36-inch all-wool serge. regular S5c quail
ity, at 75c.
Clean up in figured voiles and batistes.
Lot figured voiles, regular 15c and 18c
quality at IL 1-2c.
Lot of figured voiles, regular 15c quality,
at 12c.
Lot of figured voiles, regular Csc quality,
at 10c.
Screen doors will be sold at great re-
auctions
Washing machine. worth $f25O, for $40.
W. HICKS,
aug 24-tf Rockville. Md.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1917-11-09
Tuesdays Election

In Maryland. from incomplete returns.
Hugh A. McMullen. Democrat, is victor by
1900 plurality. The State Senate will
stand IA Democrats and IS Republicans
The House Of Delegates will be AZ Democrats
and SIS Republicans. Having majority
in the two houses of 6 votes. the Republi-
cans will elect State Treasurer. They
will also be able to pass bill annexing
without referendum portion of Baltimore
and Anne Arundel counties to the city of
Baltimore. which was an issue in the cam
paien favored by the Republican party.
New York City elected Hylan mayor, a
Tammany Democrat, by 147 ,975, the largest
plurality ever given mayoralty candidate
in that city. defeating Mitchell, fusion
candidate, backed by Roosevelt, Taft, Root
and other men prominent in politics and
the entire press of the city except Hurst s
paper. 1t was most bitterly fought cam
paign. The suffragists received majority
in the State of New York of more than 100,-
600. Not long ago they were defeated by
a majority of 100000.
In Ohio the prohibitionists and suffraeists
were badly defeated.
Virginia gave Davis, Democrat, for Gov
ernor its usual majority of 10000 votes.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1917-11-09
Segregation Laws Are Declared
Void.

Compulsory separation of the negro and
white races in residential districts is
violation Of the Constitution. the Supreme
Court held on Monday last in unanimous
opinion declaring invalid the Louisville, Ky,
segregation ordinance.
The measure, which prohibited persons
Of either race moving into blocks in which
a majority of residents were Of the oppo-
site color, is similar to ordinances now in
effect in st. Louis. Baltimore, Richmond.
and many other Southern cities.
Such laws, the court decided, would not
prevent the amalgamation of the races as
was claimed by the Louisville authorities,
or prevent race conflicts.
Desirable as this is and important as is
the preservation Of the public peace" said
the opinion. this aim cannot be accom-
plished by laws or ordinances which deny
rights created or protected by the Federal
Constitution"
Laws providing for the separation of
races in public conveyances and in the
public schools where equal privileges are
given. the court pointed out have been up
held. but it asserted that such legislation
must have its limitations and can not be
sustained where the exercise of authority
exceeds restraints Of the Constitution.
The courts action was reversal of the
lower court which held the ordinance to be
q reasonable exercise of State police pow
ers. The ordinance was enacted in 1914
q and the case was argued twice in the
Supreme Court.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1917-11-09
FOR SALE.

The undersigned. as administrator Of
George Burnap Bartlett, deceased. offers
at private sale at the late residence of
said deceased the Bartlett farm, about
one mile west of Gaithersbure, the follow
ing described property:
Wagon and combination body. light
two-horse wagon. horse wagon. hay
rake. four-horse springtooth harrow. 2
three-horse plows, cultivator riding corn
pillow. double shovel pillow. single shovel
pillow, grass mower. double set Of harness,
lead harness, top buggy. sleigh. road cart.
and other farming implements, rs shocks
Of fodder, so barrels OF corn, and small
lot Of Irish potatoes.
TERMS OF SALE:-Credit Of 6 months
will be given.
G. W. B. BARTLETT.
nov 2-4t Administrator
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1917-11-09
Notice 10 Creditors.

NOTICE is hereby given that the sub
scriber has obtained from the Orphans
Court of Montgomery county, Md, letters
testamentary on the personal estate of
THOMAS W. SMILLIE,
late of said county, deceased. All persons
having claims against said deceased are
hereby warned to exhibit the same, with
the vouchers thereof. to the subscriber, on
or before the 23rd day of April, 1918 !:
otherwise they may. by law. be excluded
from all benefit of said estate All per-
sons indebted to said estate are requested
to make immediate payment. Given under
my hand this 23rd day of October, 1917.
LYDIA E. SMILLIE.
oct 26-6t Executrix