davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-02

39i4Gi1c thirds. 3sT2ac: creamery. IN
sailed, higher than extras. asa ISLE extras.
i4Q iiiac. frsts, i2iad+3i.c, seconds. ioi7
Ni2 state dairy, tubs. finest. e 4 i5c. good
to prime, 40ll iliac. common TO fair, 3Si-0
39i.c: renovated, extras. foizd4ir, hrsts,
39M i0c lower sradcs, 36ieG58lec, imita-
ton creamery. frsts, 3sa3S'sc ladies, cur
rent make. frsts, 37d37isc seconds, 36'sc;
lower grades. 55aasc packing stock, cut-
rent make. No I. 56izc: No .. 35l. Bee /.
lower grades, 3tW 35c.
Chest Receipts, 3.iis boxes. state
whole milk. fats. fresh. co'ored. specials. per
II. 24d 2iiac; white specials. ga 2N4c
coloEed. average run, 23h@ 23a4c; white,
average run, 2}i4 q 23a4c; prime 20 choice,
22Gi &c lower grades. ia nc. twins
cisls. .37ic. colored, average run, 25iim
23i.c, white. average run. q "a n 23lac;
twins and fats. held, special, an 2ilac 4.
single daisies, 25c double dsisiSs -i'2c d.
Wisconsin, whole milk, fancy twins. white,
fresh. 23l. -3'4c cololed, 23i4 n @'sic .
single daisie-. fresh. 232s n Z5c double
daisies. 24iA62r.c Young Americas, 25',
n 2sc state. skins, twins and fat. held spe-
cials. l7l26IlSc. fats. fresh. specials. la
l1s.c; twins and cheidar-, fresh. 'Tecials.
l7Ml7a.c fats, prime 10 choice. l5ieN
l6l2c twins and cheidars. prime 70 choice,
l5iaq lsi2c. fair to good, ia l5c lower
grades, ga lie.
Eggs.-Receirts, 1856 cases. Fresh gath
cred, extras. per dozen. i4G ijc extra firsts,
4od f3c frsts, 5H64lc, seconds, Goa 3Sc !.
thirds and poorer. aga Csc dirties, No 1,
34d35c; No and poorer, 260 33c checks.
good 10 choice, dry. 3l@ 32c; undargrades,
25Ni ace refrigerator. special marks, fauc",
storage and insurance paid. 3ad tec frsts.
3sd 3siZc: seconds. 3SN 2Iizc: refrigerator.
state. whites, ia i}c state. PeHns. lyaria
and nearby Western. hsnnery whites, fine 70
fancy. 5ld5ic, ordinary to good. i2N SEC /:
gathered whites, good 10 fine, aga SOC poor
10 fair. 36d i0c; Western and Southern,
gathered whites. 35d i6c state, Pernsyi-
vanis and nearby, hennery browns, asa l'c ::
gathered browns and mlxsd coIors. $50 i5c.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-02
The Dollar in Foreign Exchange

While dealings in foreign exchange
yesterday were almost at a s,andstill
there was some recovery noted in ru-
b.os. The collapse in Russian exchange,
which carried the quotation for rubles
down to l7iz cents for cables cor dis
count Of about 81 per cent from nor
mali, was the outstanding feature Of
the foreign exchange market all week.
in explanation Of the movement experts
said tha. m addition TO active selling
by spectators, whose activities were
encouraged by the unsettled political
and economic conditions m Russia,
there had been selling by bankers who
held considerable amounts Of rubles
taken IN payment Tor supplies sold 70
Russia. Japanese interests especially
have been wont 10 dispose Of their hold
ings Of Russian bills in exchange for
dollar credits, the latter being used to
obtain gold Tor shipment 70 Yokohama.
Il YOU calculate the cost of the dollar
in terms Of foreign money-that Is, as
A. you were buying dollars with pounds,
marks or franc. its value az the close
OF last week, as compared with year
ago. would be about a. follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-02
Russia's Platinum Production

The production Of platinum IN the
Ural district in Russia in 1915 IS e'o'
mated by a CORES ondent Of The Lon
don Mining journal at only 1854
troy ounces, against 10I774 ounces IN
1918; l56.77i ounces in 1914, 1882
ounces IN 1913 and 1881 ounces in
1919 TIE decrease last year extended
70 nearly all the districts, but was most
marked on the Demidov estates and me
Shuvaloy rlacers. The shortage OF Ia
Dor has been one OF the causes OF me
Jorrosee Tho TACT that all crude pla~
tinum is now requisitioned by the gov
eminent has led, it is believed, 70 the
concealment Of some quantities, so that
the figures given are below the real
OUTPUT. 4 considerable quantity OF
crude plstinum is understood 20 be held
by Russian banks, which advanced
money 70 the producers before the
metal was taken by the government.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-02
Cotton Goods Trade


Gray cotton goods marke'5 have been
weak for several days, and prices are
down more than ! cent yard on some
If the staple constructions OF PRINT
cloths. This is more than TIE average
decline. however, and is not fully re-
Aected even in lightweight sneetlnss.
Yarn markets also continue easy with
nrices sagciAg The jobbing trade of
HE country reports a good movement
Of merchandise on rast orders, but job
bers as a rule are OF buying freely az
this time. Retail rade in large cen
TIE, shows a distinct trend 10 econon1l-
cal buylnc on the part Of consumers.
Government cotton goods orders con-
,inua large, and they are taking up
substantial part OF the output OF the
mills for the balance Of this year and
veil into next year on some cloths. EX-
mort trade is fair, but not as active as q
month ago
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-02

The enorm Gus accrot!on Of war eX-
pcnditures, the tenor OF the Con
gressional debates on war profits
and taxes, President Wilson's reply
to the Pope's peace note and in
Gubitable signs that monetary condi-
tons are likely to work less advan-
tageously to borrowers were the
principal factors of busy week in
the stock market
Shares of the munitions and equip,
ment companies suffered a setback
of ) to 10 points. The remainder Of
the list suffered correspondngly
and the average of prices fell to
lowest levels Of recent months, while
in some instances minimum quota
tons Of the year were reached. An
overwhelming proportion Of the sell
ing was professional, but the steady
recession finally brought out invest
ment incubation.
United States Steels huge turn
ever for the week. which approx
mated 100000 shares, TO the accom-
paniment Of net decline of s points
was the oyershadowing feature.
That stock not only failed 10 regain
any of its AZ per cent dividend, but
closed virtually at the lowest level.
The same causes that prompted
the outpouring of Steel presented
themselves for consideration in con-
nection with other industrials.
Bethlehem Steers reversal became
more severe after publication Of the
terms of the company's new hnonc-
ing, which bear significantly upon
similar projects now under consider
alton.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-02
Saturday. September /. 1917

The fall season opens with large
employment for money in prospect.
Demands upon the banking facilities
Of the country between now and the
new year are certain to be heavy.
Great crops have been produced, and
owing to the high prices at which
grain and cotton will be moved from
the farm into channels Of conSump-
ton more money and credit will be
required to handle a given quantity
than in ordinary years. The amount
that will be required to finance the
industries will also be larger than
usual because of the high costs Of
materials and labor; and likewise
the large stocks of goods merchants
are taking on in anticipation Of an
active trade during the winter
months will run into unusual values.
Finally. there will be the new Lib
erty Loan calling for an unprece-
denied sum. Altogether, these de-
mands look formidable, and unques-
tionably they mean that the bankers
must be fully alive to the big task
ahead of them. Ii means, for one
thing. that they probably will have
to make intelligent use Of the facili-
ties which the Federal Reserve Sys-
TEN places at their disposal The
Federal Reserve banks, with their
enormous gold reserves, are in strong
position to do their part by dis
counting commercial bills for mem
her banks to the extent Of hundreds
Of millions Of dollars. In this way
all of the legitimate money require
ments arising in connection with the
large fall business now in sight can
be met by a shifting of credit within
the country and that credit will be-
come Self-liquidating.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-02
Business Waits
On Price Fixing
Manufacturers Set Aside
Reserves to Meet Possible
Losses on Materials

4 seasonal lull in business and in
dusty has been accentuated this year
BY the waiting attitude OF those di-
rsctly interested n government price
frrg. according 70 Pierre Jay. chair
nan Of the Federal Reserve Bank Of
New York. IN his monthly review OF
business conditions for this Reserve
district Manufacturer for the most
rsr.. the reuort states. are buying raw
materials only lu quantities suhclent
. care Tor orders IN hand, while there
tss been general adoption OF the prsc-
tee Of setting aside special reserves 70
-es- po5s bic losses OCcssloned bE
changes IN price levels or Curtsll-
-ent Of the demand for factory prod
Gcts dur.&c and after the war.
Trade and industry says the re-
port aye thus being adjusted 10 war
conditions IN surprisingly ready man
rer. Decreased buying Of steel prod
st's by private interests has made for
EASIER corl.--0rs r1 the steel trade, a
& indicated 1y the decrease Of unified
orders OF he Steel Corporation 10 10
Ml54 tons, the lowest since October,
,1l6. win further decrease expected
DUNG Au~.s.
80 a...-.;e. to.
L'O'' 'l'ud''O" i"pio'.'
5y ra-ors. cooperation the rail
ioaos erected reduction IN car snort
'se I'. -3'.'-' on Nay 70 $50 on
a.sls' - mis- IS N we -ace OF uhPIssC-
49, - -.a.-s 40. s -
ard ne. railway earnings. Lessened
i,,iyi-v IN srcb lines as building ma
isrisls lr.rs.rr consumption work. fur
,.grs --..s5-s1 ,,,s-rlr,-r+s CIVILIAN
t.,,,r- .r,,~-->-... l.c bas hermit.
Z; -rs-,tsr ~ rsbor and supplies to
t'.sr ,-4g..r.es or o+rar branches Of
ne sa~s ,~E1,-rg. I'M which activity
iss ircres.eg Tebo~ conditions in this
ts,ric. arc lees acute than IN past
months -srer+ IS IN fsrr, labor.
Wages ss continued 20 advance and
,npor,s-- s-r.ss have heer avoided,
'.e ,r~nov,s-+ ov-cntIon being the
strike NJ e~~D1ovee 81 sb,nbuildlng
Plants. gl,rL ,e ro.g in nroqrese.
"0v,-c m nlsr.od acreage m this
i.s,r,c. a. sbo..,s ,,o-,,sI burner crops
n hav. ro+.toes and vegetables are
expected Wheat. oats. harley and rye
win also ..eId well bu4 the corn crop
Is eyuer.rI e. he o,l,- -sir Tho frul+
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-02
Rate Increases Suspended
Order Applies to Many Arti-
cIes in Eastern Territory

WASHINGTON. Sept. l. Proposed
commodity rate increases of all sorts
throughout the East were disposed of
temporarily to-day by the Interstate
Commerce Commission with blanket
order suspending the operation OF the
rates until December 50. 4 selected
list OF articles was excluded. Most Of
the proposed increases were slated 20
become effective to-day or within few
days.
Bv its exclusion Of the selected list
the commission in effect temporarily
approved of increased rates on alco'
hol. aluminium. coal and coke, fertilizer
material. grain and grain products
iron ore. iron and steel articles, pig
: iron. leather, lime, livestock, lumber
and logs. meat. petroleum and rs prod
ucts. packing house products and sugar
The proposed increases cover numer,
Gus individual cases on practically al
railroads in the eastern section OF the
country. and for the most part are
small b. its suspension of the pro
nosed rates in a blanket order me
commission is following out It's po!lccy
of granting no further increases IN
rates until such increases have been
carefully investigated.
proposed increase Of cent per
hundred pounds in the rate on flour
and other grain. products from Mime
apolis and points taking the same rates
70 Chicago and other Lake Michigan
norris for transportation to eastern
destinations via the Great Lakes, which
was 70 have become effective to-day
wss also suspended b. the Interstate
Commerce Commission until Decenlpe'
"a pending investigation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-02
Steel Industry
Takes Initiative
To Lower Prices
Government Action Antici.
pated by Reductions in
Pittsburgh Schedules

The feeling that has prevailed
throughout the steel industry for sew
eral weeks that Washington action gov
erning prices will be radical found
expression in further concessions in
prices of s. 10 So a ton on semi-fnished
steel and Of So 70 81 ton on steel
making pig iron in the Pittsburgh dis
trict last week. In other sections sell
ers were more reserved and disposed
to await developments, but there were
rumors of concessions Of several dol
lars ton being made on Southern iron
for shipment into the Southwest.
Buyers Are Restrained
1t is pointed out that prices recently
accepted as the market rate on semi
and fully finished steel products for
relatively carly shipment are really an
abnormal overgrowth, the clearing away
of which will be healthful. The bulk
of the great tonnage sold by steel mills
has been on contracts for future deliv-
erv at much lower prices. The mills,
il is reported, re making no effort TO
sell; in fact, they are still restraining
BUYERS of nearly all products. current
business. even including government.
orders. is scarcely equal to one'ha't OF
mill capacity, and, with shipments OIL
nearly 80 per cent of capacity, the IN
flled tonnage carried by all OF the
large companies is being reduced stead
lily. s.u,.
The EXPORT embargo has ehectualy
checked shipments OF steel p!ates' oS'
mall dificulty is met in securing IL
.anses for shipments of steel shapes,
Some new sales being made even for
shipment to Japan. New inquiries Tor
tank ard ship plate in the last tew
davs have amounted 20 100 600 tons, IN
cIuding nearly $4,000 tons, mainly for
o,,oort "a Janan. Sales Of tank plate
have been made at eight cents pound
a decline of two cents d pound from
recent sales.
More Ship Contracts Placed
The Emergency Fleet Corporation nsS
nlaced contracts for additional faprl-
Gated steel ships, the majority win tne
American international Corporatioh'
the rest with the Submarine Boat Com,
pany, requiring in all $4,000 tons OF
steel plates and shapes. The snip
building contracts awarded to the Har-
imam interests will require $4,000 tons
Of steel. or a total Of i5S.ooo TONS TO
he delivered in the next twelve 20
eighteen months II is understood ma,
most of this material will pc furnished
by indenendent mills, as the Inlteh
states steel Corporation has alresoy
furnished more than t~o-thirdS OF al
the government orders nere'oioIe
placed. ra
Cd contracts by the Emergency tleet
CORPORATION continue - place numer-
Gus orders for machinery and machine
tools.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-02

4 slight revival in the demand for
municipal and state securities IS re-
ported by Investment bankers, but
otherwise the bond market presents
much the same one-sided appearance
as it has shown for a number Of
weeks. That Is, there is an almost
complete absence of demand, and a
constant, though fortunately not eH-
tcnsive. selling movement. The re-
suit is that when such securities are
pressed for sale the price Is marked
down. This process has been gong
on practically without interruption
since early in the year. The move
roert he's not attained sensational
proportions at any time, but the de-
cline over the period has been very
substsntisl-so substantial, indeed,
that many good bonds are selling at
prjces which could not fail to at
tract the bargain hunters under
ether conditions. The average price
of ten high grade bonds-nlne rali-
roads and one municipal-shows a
net loss since the end Of January OF
more than 10 points, and now stands
a, the lowest level touched IN twenty
wears, save in the midst of the panic
Of 1907. when the average dropped
about a half-point lower than It IS al
nrcSent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-02

The above rates express the cost OF
foreign money m terms OF the Ameri-
can dollar You buy an English pound
sterling al. saw S4.751. The intrinsic
rayitv is s4s6ts per pound Thus. you
saw either that mounds are AZ a discount
or that dollars aye al a premium, which
* owing 10 the fact that in England
the demand for dollars with which 70
settle accounts in this country is great
or than the demand in this country
for pounds with which to settle ae-
counts IN England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-02
July Earnings of
M, K. e. T. Increase

VET income NJ the Missouri, Kansas
y Texas lines for July. as reported BY
ts. receiver, Charles L. Schaf, wa
rsooA'8, an increase over July last
&c, ,. OF Sl5l,50o. The company's opeT D..
ting revenues showed an increase Of
,,Ooo'Oo4 for the month, compared with
), year ago, while the increase IN opor-
Ing expenses was S274,l14. The net
s,oa operations for the seven months
soeo July 81 last was only sl4l sos,
sgS u. with S230l 1916 reported for
' corresponding period in 1916
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-02

tons, including payments of the final
nStalment on the Liberty Loan issue.
The latter at the close Of business yes
terday amounted, according to officials
OF the Federal Reserve Bank, TO about
S24,O0O000, none Of which had been re-
distributed among the banks as govern
ment deposits. The banks here, how
ever, hold Sl56,797 900 Of government
money on deposit, against sll9 sos, 900 a
week ago, the increase being due partly
TO the fact that most of the funds paid
into the Federal Reserve Bank on sub
scriptions TO government certificates of
Indebtedness, amounting to about $685.
100000, were redistributed.
Government deposits in the Federal
Reserve Bank increased from S2,S02,28l
to s36,246,1l6 during the week. Loans
and discounts of the Clearing House
banks increased sS5, 900. The re-
port follows:
Loans and discounts. S3,8s3, 308,C0
Cash in vaults of Fed.
Res. members. 79.7e20oO
Reserve in Fed Res. Bank 3I6,075,0o0
Reserve in vaults of state
banks ard trust cos. 11i,i78.000
Reserve in repositories. 75,260,0oo
Net demand deposits. 3,542 ,054.00o
Net time deposits. ...... 204,338Ooo
Circulation ............. 31.146, coo
Aggregate reserve. ..... sos $4,000
Excess reserve. .......... 12,3O7,9O0
Not counted as reserve. limited
States deposits deducted, sl5S, $4,000.
The changes from a week ago we're:
Loans and dlscounts....In Inc S95,312,COo
Cash In vaults of Fed. Res.
members ............Dec 6,o28.OO0
Res. in Fed. Res. Bank. Dec. 47,S06,oo0
Reserve in vaults Of state
banks and trust cos. Dec. 3.295o0o
Reserve 10 repositories. Dec. 7,456,0C0
Net demand deposits. Dec. 6,455.0oo
Net time deposits. $4,000
Circulation ............lnc. $4,000
Aggregate reserve. Dec. 57,957,OO0
Excess reserve. .........Dcc 56,469,020
Acceptance Rstes.-Current bid prices
a'l l'i tL.It 1iNf ttHl4N'S olt 40 AOlADNc'
Spot delivery: 80 days co days 80 days
Eligible member
banks ....... 33soo 33soo 33soo
Eligible non
member banks a5s's a5s'o ass's
Ineligible bank
bills ......... Az'o 4s49o 474'o
For delivery within 80 days;
Eligible member banks......... 334oo
Eligible non-member banks..... q %
Ineligible bank bills......... 5 %
London Money Market.-LONDON.
Sept. Closing; Bar silver, 46d per
ounce; money, 3a4 per cent. Discount
rates-Short bills, a.. per cent; three
months. 1916 per cent. Gold pre-
MUM at Lisbon, %.
Silyer.-The quotation for bar silver
IN the local market remained firm At
90@a cents per ounce. Mexican dollars
vr.5 30 at
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-02
Commodities
us t e = a n c e
Cereals

The Chicago Board Of Trade was tho
only speculative market of importance
open Yesterday, but trading in various
grains was limited, especially in wheat.
IN which all future dealings are
now prohibited. The exchange was
adjourned half an hour before the usual
Saturday closing time out OF respect
10 the memory Of J. c. F. Merrill. late
secretary. Grain dealers at both Chi
cago and St. Louis were reported 10
be dissatisfied with the price fixed for
wheat by the government and 1t is eX-
rected protests will be made. The
Chicago dealers claim that under the
differential as announced that market
would get no wheat.
Canadian exports Of wheat and -four
from the beginning OF the Canadian
cereal year 10 July 81 have aggregated
155. 600 bushels. against 265,8ls,OOO
bushels for the corresponding period
last year.
Corn.-This market vas weaker and a. ore
time l lac net lower, although the close was a
shade steadier at &C 10 lac net decline.
There vas good deal Of evening up during
the day, and while some low temperature.
were reported in the Northwest the trade did
no, appear 10 be fearful OF any frost over N.
holidays in the big producing states. The
only strength shown in the market was
around the opening. when prices advanced
&c over the previous night. chiefly on cover
ing orders.
Sentiment was not strong as IN the last
few days. although the cash situation re-.
NAMED rather firm. There were reports OF
favorable conditions in both Illinois and Ne
brsska. and while the Oklahoma State report
made the condition a.. against - in August,
the crop suggestion was for 52,S00.0 900 bush
els, or about 90 000 900 over the last govern
ment estimate The local cash market was
closed
Prices cor1pzre as follows
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-02
Costo Of one dollar

Closing rates yesterday, compared
with d week ego, are given = the table
below American bankers have sus-
pended al dealings in German and
Austrian exchange, so that daily quota
tions for either marks or kronen are
no longer available.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-02
Prices comrare Is follons:
Produce Markets-Current

Rult.r.-Receipts, 1908 rackages. Cream
cry, higher than sStrhs. per h. i3i. n 4ike
extras ,a2 scorel. 45i.c. frsts Oss 70 81
score. ri.d43c. seconds (s3 TO 81 scorsl.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-02

Below is given tho 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, 1917-09-02

Oats.-The market closely followed corn,
opening a trine higher. hen declining lc
bushel. after which there was slight rally
on covering py shorts. with final prices sc
20 &c net lower. The recent high cash
prices have attracted increased country OF
ferings, and this accounted for some Of the
commission house selling, as u vas expected
that cash premiums would be reduced. There
were deliveries of IS, 600 bushels at Chicago.
although none had been expected. IL was
estimated that in the closing days of the
week upward OF 100000 bushels Of oats
were sold for export. No business was
transacted in the local cash market yester-
day
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-02

Federal Reserve Banks

WASHINGTON of Federal Reserve banks decreased
approximately The condition of the banks
the close of compared with the week
folio