davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21
Bethlehem Steel Pays
Regular Dividend
On Class B Stock
Initial Dividend on New Pre-
ferred Issue Also
Declared

In addition to declaring the regular
quarterly dividend Of pa per cent on
the Class A common stock, directors Of
the Bethlehem Steel Corporation yes
terday disbursed the same amount on
the Class B common stock. An initial
quarterly dividend of 2 per cent on the
new 8 per cent preferred stock was
also declared.
The Bethlehem Steel Corporation,
like other steel companies, Is feeling
the effect of the shortage OF railroad
cars and equipment, Z. G. Grace. presl..
dent. stated. following the meeting OF
the board. This, he said, is interfering
TO some extent with the shipment of
raw materials to the company's mills.
The only way in which the steel COM
NAMES can obtain real relief from the
present situation, according to Mr..
Grace, is through strict embargo on
the transportation of products not es-
sential to the conduct of the war. The
lack OF railroad facilities, ne said, IS
particularly felt in the shipment Of
coal and other fuel.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21
Federal Reserve Notes
Increase Currency Total

WASHINGTON, Nov. 20.-Rapid rise
in the amount of currency in circula-
ton was shown tonight in a report by
the Controller Of the Currency, John
SHELTON Williams, that two-thirds of
the outstanding currency consists Of
national bank and Federal Reserve
notes, issued during the year ended
October 81.
OF the 81, 100000 currency in the
United States on that date, $l,30l,0OO,-
600 consisted of those two classes Of
notes issued within the year by the
Controller. The larger proportion, or
100000, was Federal Reserve
notes and S325.000,O00 was in national
bank notes. The total of both kinds Of
notes outstanding was l,644, 100000.
Mr.. Williams explained that the
large increase, $685., 900, during the
year in the amount Of Federal Reserve
notes outstanding is due mainly to the
issuance OF Federal Reserve notes
against the deposit of gold or gold
certificates with the Federal Reserve
agents, the amount of gold and gold
certificates so held October 81. 1917,
being approximately s600,000,0 00.'
During the year the Controllers
Office redeemed and destroyed 1884,
100000 of currency.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21
Relevant Facts
Owens Bottle Machine Company.-This

Owens Bottle Machine Company.-This
company's report for the fiscal year
ended September 80 shows operating
earnings Of s2,s15,769. against s2,344.-
1871 the previous year. Other income, in
GLIDING dividends and interest on stocks
and bonds owned, brought the 1917 rev.
enues up to s4,936,005. an increase of
S499 800. From this there was deduct
cd $780,, 1886 for expenses and $4,000
for estimated war taxes, leaving sur
plus of $685., O69. This, after allowing
for dividends on the preferred stock,
was equivalent TO sS.57. or 4l.5 per cert,
share on the S9,584,875 common stock.
which has a par value of s25 share.
Directors OF the company at a meeting
in Toledo yesterday declared an extra
dividend Of per cent on the common
stock, in addition TO the regular quar-
terly dividends of "a per cent on the
preferred and 3 per cent on the COM
mon.
Chicago & Eastern Illinois. Under
an order of the court in the foreclosure
suit BROUGHT by the Central Trust Com
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21
Industrial Alcohol
Subsidiary Is Put
On Peace Basis
Curtis Bay Chemical Company
Reorganized With Big
Capital

The United States Industrial Alcohol
Company has reorganized one Of lis
subsidiary concerns, the Curtis Bay
Chemical Company. into a new corpo-
ration known as the United States In
dustrial Chemical Company. The re-
organization is part of the holding
company's programme to establish a
market for its products in times OF
peace.
Since the war began the company
has enjoyed much prosperity, due
largely to the demand for ingredients
used in the manufacture of high eX-
plosives. Among these has been
acetone, the base Of cOrdite. which has
been sold in large quantities TO Great
Britain. The company's contract with
the British government, which recent
ly expired, was not renewed, according
TO officials, because no agreement
could be reached on the price.
With the expiration of this contract
directors of the holding corporation
decided to reorganize its Curtis Bay
subsidiary, whose plant is located near
Baltimore, so that il would be in
position TO manufacture by-products
that will be in demand when the war
is over. It is believed that among
these will be substantial amount of
potash.
In the reorganization of the Curtis
Bay Chemical Company into the
United States Industrial Chemical
Company concern with only a noni-
nal capital has been changed into q
corporation with an authorized capi-
talization of s6,000000 first preferred
stock, 100000 second preferred and
$780, 900 shares of common of no par
value.
The directors of the new company
include G.. S. Brewster, William p.
Coe, +. W. Harden, W. s. Kies. A. II.
Larkin. p. J. Mcintosh. II S. Rubens.
K. p. Tinsley and NJ. c. Whitaker. With
the exception Of the last named, all
these men are also listed as directors
Of the United States Industrial Alco-
hol Company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21
The Dollar in Foreign Exchange

Exchange moved sharply against
Italy yesterday, the rate rising to a
new low record of 1913 lire to the dol
lar. Offerings of lire were not heavy,
the market continuing its decline
largely as the result of the absence OF
buying power. Foreign exchange brok-
ers said the possibility of the Ieutonlc
forces breaking through the present
line of Italian defence was the princl-
pal cause OF the fresh unsettlement IN
the market for lire.
Rates on the Scandinavian countries
were easier. Swedish crowns declined
I cent TO AZ cents. Spanish pesetas
were firmer at 1856 cents. Francs and
sterling rates held steady.
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 quota
tons for either marks or kronen are
no longer available.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21
Other Cities

Wool Trade Association Meets
BOSTON, Nov. 20.-The question OF
an adequate wool supply, particularly
with reference to government needs,
was discussed informally at the an
nual meeting of the Boston Wool
Trade Association to-day. A commit
tee Of twelve, with Frank W. Halo
we'll as chairman, was appointed to
look into the matter and make for
NAL report at later meeting. Abra-
ham Koshland was elected president Of
the association.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21
Mining Interests
Said to Oppose
Deal in Silver

Western mining interests, il was
stated here yesterday, are dissatisfied
with the tentative price announced in
connection with the governments ne
gotiations for 100,000OOC ounces of the
1918 silver output of American smelt-
ers. 1t is understood that opposition
from this quarter is holding up the
closing of the contract. The price men,
toned in the preliminary negotiations
between the government and the smelt-
ing interests is said to be So cents, New
York, and So cents, San Francisco. Mint
officials are expected to visit New York
shortly to confer with silver smelling
interests here.
Bar silver was quoted in the local
market yesterday at S5L cents an
ounce, off 4 from Monday.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21

Further progress was made yes
terday in the recovering movement
in stock prices. With the railway
shares leading, the entire list en-
joyed vigorous upturn on SUD-
staptial increase in activity, the
more representative of the standard
railway and industrial issues at
their best figures Of the day show
ing gains of 1 to points above the
Monday closing. The rise estab-
lished the whole list at the highest
prices reached since the decline Of
a fortnight ago. The Tribune's av-
erage Of fifteen railroad stocks at
the close yesterday stood at Clio,
I'D 81 points from the low record
of the year, 1882. The average OF
twelve industrial stocks closed at
1856, compared with low record
of 1928. These figures compare
with 1920 a year ago for the rail-
road average and 109.40 for the in
dustrial average. The popular eX-
PLANTATION for the recovery in stock
prices is found in the technical posi-
ton of the market rather than IN
the current news developments.
Close observers Of the market have
insisted for several days that the
drastic decline of a fortnight ago
had produced an "oversold condi-
tion," to use the Wall Street express
sion; that is to say, short interest
of considerable proportions had
been built up that in due course of
time would be translated into buy
ing power of no little Importance.
Whether this is the true explanation
of the movement is not important.
What is important is the fact that
for a week or so there has been an
increasing disposition on the part OF
the small investor to buy stocks of
good standing and substantial earn
ing power. Many commission houses
have reported the heaviest small lot
business in months. This buying, it
would seem, has developed because
of the growing belief that many Sc
curities have been selling below
their intrinsic values as a result of
the unreasoning fear Of former
holders, who hastily threw them
overheard in the wild markets OF a
few weeks ago. AS regards the
railroad situation, the feeling has
become more and more pronounced
in Wall Street that ultimately the
Interstate Commerce Commission
will grant the railroads a fair meas
ure Of relief in the shape of in
creased freight rates. The argu-
ments on both sides Of the case are
in and the matter is now before the
commission for its final decision.
1t is a reasonable assumption that
the board will not delay its decision
any longer than is necessary in view
of the general situation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21

Liberty Loan 81 and per cents
fluctuated widely again yesterday
on active trading. The market ten
denotes of the two issues were di-
rectly opposite to what they were
on Monday, when the As dropped
TO 81. The 31Ss sold off, declining
at the close to SO, loss Of slightly
less than Il from the day before.
The Is opened at $3.50, unchanged
from Mondays close, and rose to
97.74. A house which specializes
in the United States government IS
sues has this to say of the current
market movements Of the 31ss
and Is:
"Tnstead Of theorizing upon the
question Of why the market for
Liberty bonds is quoted at prices
below par, we are surprised that the
price holds up as we'll as it does. In
our opinion, the characteristics of
the 3hs, coupled with their smaller
volume, will give them better mar
ket at a higher price level than the
Is, for the present at least. Pend
ing ultimate absorption Of these
government loans by the investment
public, we will likely witness quota
tons at variable discount figures
following allotments TO subscribers
to each successive loan. The extent
to which these fluctuations develop
will be absolutely dependent upon
supply and demand, which, in turn,
will be influenced by the terms and
rate Of interest affixed TO future
conversion issues"
The fall in the price Of the war
loan issues has brought the sugges-
ton from several quarters that a
fund be established to support the
market. Bankers generally are OPP
posed 30 any such a step being
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21
Money and Credit

With the money pool out of the mar
ket for the time being as lender Of
funds, call loans were firmly estab-
lished on a per cent basis at the
Stock Exchange yesterday, the bulk of
the t25,O0O,OOO put out yesterday being
placed on that basis. Only a small
amount was loaned at AZ per cent.
Offerings Of fixed date funds contin-
ued light and rates were firmly main
tanned. Brokers quoted 5h per cent
for sixty-day loans against industrial
securities, 81 to So per cent for
ninety days, four, five and six months.
Only a small amount of new business
was placed.
Ruling rates for money YESTERDAY,
compared with a year ago, were as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21

Outstanding loans Of stock ex-
changes are now said to be the
smallest in months. This is not sur
prising in view of the liquidation
that has taken place in the securi-
ties market. In this connection the
results obtained from a canvass
made of four large Wall Street COM
mission houses are interesting. They
show that the loans Of these houses
are now about 65 per cent under
the maximum loans outstanding
during the bull campaigns Of 1915
and 1916. One house reported a
reduction in its loans from S25, 0OO,-
600 to 81, 100000. The conclusion
that one would naturally draw from
these loan figures is that the total
of outstanding margin accounts IS
but a fraction Of what it was few
months ago.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21
FINANCIAL MEETlN'o

New York. November ~. ~. soidsif
The annual meeting Of the "rsleefsp.
Of the Southern and Atlantv rxecau~
Company will be held AT va Va Brcsdt1
in the city Of New York. on n, q
December s. 1917. at 500 o'cic,cs ssetors
the election OF Directors and Ian Of -
Election and for the transssuh sfcr =
other business as may eoih' .,s-
meeting. s.~sl
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21
DIVIDEND NOTICES
cfNNO DE- plSCO COPPER CORPORAL"

Novanber iith. AZ ,sf
quarterly dividend NO. y ., Is cssy
share and an extra dividend ol,.i sisef
per share on the outstanding - psysss
OF the Company has been decls,n,s, q
on December list. 1917. 20 stoeAN s,snN
record at the close OF business -
2srd. 1917 -. cciv'nes
checks will be mailed By the Lcai
Trust Company. Dividend pisou ir,....sufk
II. Esk MOLLER'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21
News Digest
Foreign

London Stock Market Fim.-LON-
DON, Nov. 2O.-With the possible early
issue Of portion of the French loan,
the imminence of another colonial loan
and so many short-term government
issues available, the gilt-edged section
of the Stock Exchange maintained sur.
prising frmness to-day and reflected
the confden. feeling over the confer
ences proceeding with the Allied VS.
itors. There were dealings in the new
war bonds at par and numerous trans
actions in she'll oils, rubber and indus
trial shares at steady prices.
Paris Bourse.-PARIS, Nov. 20.-The
Bourse was quiet to-day. Three per
cent rentes were quoted at SO francs
rs centimcs for cash. Exchange on
London was quoted at 2728, and the
new per cent loan at 1915.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21
United States Trust Co
To Join Federal Reserve

Trustees of the United States Trust
Company of New York, at a special
meeting yesterday. voted to make ap-
plication for membership in the Fed
eral Reserve system. The bank has a
capital of 100000 and deposits Of
about $4,000 900.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21

pany in behalf of owners of Chicago q
Eastern Illinois per cent purehase
money first lien coal bonds the trust
company is applying SLOPE, 500 received
from Receiver Keller in reduction OF
the amount found due to the bondhoid-
ers by the court. The committee TOT
the holders of these bonds, Of which
George c. Van Tuyl. jr., is chairman,
will make a partial distribution TO
holders of Metropolitan Trust Company
certificates of deposit Of these bonds
70 the extent of $40 per $1,000 bond
Cleveland Bonds Offered Here.-City
of Cleveland a.. per cent bonds are
being offered in this market TO the
amount of 100000 by Harris, Forbes
& Co. The offering is made for the two
issues on a 455 and 400 per cent bass,
the lowest price in recent years for this
municipality.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21
Current

foreign money in terms OF the Ameri-
can dollar. You buy an English pound
sterling at, say, S4.75i. The intrinsic
parity is S4.S69s per pound. Thus, you
say either that pounds are at a discount
or that dollars are at a premium, 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 coun-
try for pounds with which to settle
accounts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21

taken, pointing out that it is to the
best interests of everybody to let
the bonds seek their own level in a
free and open market.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21

CERTIFICATE OF MEMBERsHPp, ,iis:s
9sl3. issued by the New lo.ls,. y
Exchange March 3. 1872, 20 - .peS
Hunter. having been lost or misia,0 . w.
ton has been made 20 the bosts .,r.ss, =.
terested are hereby notified 20 Sues ss'
within the next six weeks WY
certificate should not be issuro. -.,e,sr7.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21

London Money Market.-LONDON,
Nov. 2O.-Money was quiet at 4 per
cent. Discount rates: Short bills, 4es
per cent; three-month bills, 4% per
cent. Gold premiums at Lisbon, 10000.
Russian exchange was easy.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21
New York
Bronx County's First $1,000, 900 Cor.

Bronx COunty's FIRST sl,voV,VVo cor
porstion.-The first corporation to be
capitalized at 81 100000 in Bronx Coun-
ty is the C. D. Jackson & Co, Inc,
papers for which were filed In the
County Clerks Office yesterday by Ed
litz g. Hulse, attorneys.
The corporation deals in the impor-
tation and carving of marble, at Lo-
Gust Avenue and 140th Street, The
Bronx. The corporation papers were
filed In Albany on November o, 1917;
Shares to the amount of 10000, at 500
each, have been issued. The amount OF
capital invested is given as Sooo,ooo,
has taken over c. D. Jackson Co.,
which was a co-partnership. There are
five directors-Carl D. Jackson. Eva +.
Jackson. Frank A. Matter, Leonard u.
Daniels and Gustave f. Strauss.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21
MjIIiken Brothers (IncNlanlM

To the Holders OF Ten Year sir re- Co.. -
Gold Notes OF Milliken Brothers p.,I
porsted) issued under IndenIarss ,nIIr,s
December 90, 1913, between H n,,
Brothers UncOrporsted) and uy, 49,.
Trust Company OF New York. ao'
tional scrip therefor; ,,risss,
Notice is hereby given th@l 70
Brothers Incorporated has electeo Ne.
deem and pay all the aboye-mentio1sss 49,, ea
and scrip on December /. 1914 sho 80 ara
said date there will become and oe v.v
payable az Guaranty Trust COMPANY ~. y.
York. 40 Broadway, New tofH 49,. - h.
principal Of all said Notes ana seiP Pa.
Interest accrued thereon az said az A., ..
ment OF matured coupons and a.. ,,s.r,o,
registered will be made 20 the Deafe, M,
and payment OF registered Noes - ,ts.-.i
will be made 20 the registered o"ns,s 70
in each case upon surrender nj ,Ss.,sss |
gether. in the CO Sc OF Notes, WIN S'
maturing after December /, ~" ,,.yrs- \
Holders o, Notes o, scrip VINO ussa 49,. rsy
ceiye payment thereof prior 70 said cav ~
upon surrender OF their Notes Nlsss,r,s
December I, 1917. and suoseque1t .ys ,iss
or OF their scrip az said once ~ -. raJ-
on or after october -, 1871 49, :, ~, \
ment OF the principal Of such No.e' -, ~ |
with interes, az the rate Or tiN pe'
annum 20 the date % payment. .,,rsl
MlllIKek BROTHERS, (IkCOHPVhlIW,
By G.. r. CLACk, ssff: ii
Dated. New York. october ~ ~,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21
Cotton Exchange Membership Sold

". P. jerks has purchased for another
the Cotton Exchange membership OF
w. P. Mckenzie, and W. McCabe has
purchased the seat of c. Hatch. Each
membership was sold for $4,000, de-
cline Of $1,000 from the previous sale.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21

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, 1917-11-21

amount plus the cost Of shipment be-
ing charged to the member banks ac-
count. Shipments OF gold, gold GER
tifcates. silver certificates and iegal
tender notes may be made to the bank
either By express or registered mail for
credit of the member banks account or
for exchange for Federal Reserve notes
The bank will pay transportation
CHARGES on gold or gold certificates,
whether fit or unfit for circulation, ana
also furnish free of expense the Fed
eral Reserve notes in exchange.
Bank of Germany.-The statement Oh
the Imperial Bank of Germany as OF
November Is shows the following
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21

Commercial Paper-Buying OF com
mercial paper was light yesterday, and
rates we're firm at 51a TO So per cent.
Official rates Of discount for each Of
the twelve Federal districts are as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21

Sub Treasury. - New York banks
gained from the Sub-Treasury s1,O21,-
900.
Silver.-Bars in London, 43Hd, a de-
crease of I'D; New York, s5Ac, off
nc; Mexican dollars, e5Kc, down &c.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21
New Currency Shipm.

NtW CUrTtHCy DHIp1ntHt NuIcb.-HB
result of the increased postage rates
the Federal Reserve Bank has issued to
member banks a revised circular on
currency shipments. The new circular
says that supply Of Federal Reserve
notes in denominations of s., $40, $40,
$50 and 500 is kept on hand by the
bank and will be shipped to member
banks on request in such denomina-
tons as may be required, the face
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-11-21
.Days-
1-nr OrnrlOrnr

Bank Clearings-The days clearings
AZ Nov, York and nthnr cities.
The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1917-04-07
EVER SAl|vATED BY
CALOMEL? H0RR|BLEt
Calomel is quicksilver and acts
like dynamite on
your liver.

Calomel loses you a dayi You
know what calomel is. It's mer-
curry; quicksilver. Calomel is dam
gerous. 1t crashes into sour bile
like dynamite, ,cramping and sick
ening you. Calomel attacks the
bones and should never be put into
your system.
When you feel bilious, sluggish,
constipated and all knocked out and
believe you need dose of dangerous
calomel just remember that your
druggist sells for so cents large
bottle Of Dodson's Liver Tone, which
is entirely vegetable and pleasant to
take and is perfect substitute for
calomel. 1t is guaranteed to start
your liver without stirring you up
inside, and can not salivate.
Don't take calomel! It makes Won
sick the next day; it loses you days
work. Dodson's Liver Tone straight
ems you right up and you feel great
Give ii to the children because it is
perfectly harmless and doesn't grippe
The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1917-04-07
Bad Couxhg Feverish, GrippvY

You need DIR. Kings New Discovery
to stop that cold, the soothing balsam
ingredients heal the irritated men,
branes, soothe the sore throat, the an
tiseptic qualities kill the germ and YOUR
cold is quickly relieved. DIR. Kings
New Discovery has for 4S years been
the standard remedy for coughs and
colds In thousands of homes. Get a
bottle today and have it handy in your
medicine chest for coughs. colds, Group
grippe and all bronchiol affections. At
your druggist, SOC. -Adv-2.