davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-12

s7e.77f s435.445 s35s.e74

These statistics, considered IN con-
junction with others, indicate that
if payment for Allied purchases in
this market were made solely out
Of the proceeds of the credit avail
able TO the Allies through an OK
change of securities with the Ameri-
can government, the three billions
would be exhausted within six
months unless there should he some
radical change i'm the situation
meanwhile. as. for instance, the FIX
ing of maximum prices on their pur-
chaSos here. The figures also show
the reason for the shipment Of near
~ S50,0OO,00O of British gold TO
this country IN the Last three days.
The Allies have already received
from the United States government
1925. 100000, possibly more. Most
if not all of this money has already
teen spent. In addition, the Allies
have collateral loans outstanding
with American banks aggregating.
according to reliable estimates, not
less than S5OO.OOO,OOO, which are to
be paid off out of the proceeds of
the credits advanced by the govern
ment. These two items thus ac-
count for SS25,OOO,OOO Of the S3,O00,-
100000. leaving a balance Of $2175.-
100000. That. it Will be seen, Is
lust about enough to cover the eX-
port balance for six months at the
March rate. and, meantime, prices
are rising rapidly and it is expected
that shipments will increase.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-12
Dividends

Central Aguirrs Sugar Compsnis'.-n,.,. I.
dividend Of $40 share. payable 'u'' I"
stock Of record May q.
Cosden & Co.-Quarterly dividend o. n,
cent. payable June TO stock OF fe'''s -
IS. l..
Manhattan Regular quarterly -,
dend OF per cent on the common ssySN -
able June TO stock Of record May IL
Hart, Schsffner & MARI Regan -
terly dividend Of I per cent on the CO..
stock. payable June ] 70 stock OF
May 10. ~.
Colorado Power. Regular ausrxIy a..
payable June ID 20 stock Of record An I
and ., OF per cent on the common II ~
payable July rs to stock Ct record June ."
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-12

High prices for labor and ma
,erials continue TO act as damper
on activity in the building trades.
Reports from 100 cities show that
the estimated value of buildings TO
he erected under permits issued in
March was S77.283. 800. q decrease
of about 10 per cent compared with
the corresponding month last year.
Allowing for the increase in costs,
the figures indicate an actual de-
crease of something like 40 per cent
in new construction. The decrease
!. most notable in the large centres.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-12

ances as an aid to trade had done me-
TO put dollar exchange firmly on "
map.
London's claims as the financial en-
tire of the world, said Mr. heerr
sprang from the English discount nr'
ket. at has been computed he sA
that London receives annually NOR
than SlO.000,000 from exporters snc u
porters as a commission for bsns'n
acceptances. II the American os1in
continue further adoption Of bssitn
accoptances they viii receive TIE q
operation Of exporters and imporisns
the United States and thus earn iF'
OF this immense income
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-12

decline was accomnli shed on mod
crate amount of bushes. and was at
trbutcd 60 'hc unfavorablc adWccs
from pc'rocrad A. csterday's low rate
rublce were at discount OF approx
uafe.v .0 per cent.
Ofhcr foreign exchange rates moved
narrowly. with francs and sterling firm
Tha large gold import have helped 20
strengthen the undcrfonc Of tho stcr-
nc market
Closing ratce yesterday. compared
with q week ago. are given IN the table
below. American bankers have sus-
pended all dealing M German and
Austrian exchange. so that daily quo
tutons for either marks or kroncn are
40 .ouccr available.
Week
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-12

Universal dissatisfaction would
probably be the result Of a perfectly
EQUITABLE tax" remarked a banker.
AS nearly everybody seems to be
dissatisfied with the governments
taxation programme, am beginning
10 believe that it is not so incquita-
ole after all. Besides. perfection
cannot be expected i'm a war cmer-
gency measure
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-12
{ urrcnt

The above rates express the cost Of
foreign money i'm terms Of the Ameri-
can dollar. You buy an English pound
sterling at. say, SI75i2. The intrinsic
parity is $4S6ts per pound. Thus, you
saw either that pounds arc 1T dis
count or that dollars are at a pre-
MUM. which ia owing TO the fact that
I'm England the demand for dollars
With which to settle accounts in this
country is greater than tho demand in
this country for pounds with which TO
settle accounts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-12
News Digest
Foreign
Trading Light on London Exchange

Trading Light on London Exchange.
London. May 1.-THE Stock En-
change closed the week With a good
undertonc, but business was smaller.
Glt-edge and Colonials were steady,
while Grand Trunks showed frmness.
Mexican and Brazilian securities were
higher. but Russians weakened further.
Speculative issues were generally dull.
International Mercantile Marine stocks
were strong among the shipping group.
American securities ruled quiet and
featureless.
Money was quiet and easier. Dis
counts firm. Russian exchange showed
further decline. Money was quoted at
32.N4 per cent; discount rates for
short bills, 4ll-l6 per cent; three
month bills, AZ per cent. Gold pre-
miums at Lisbon, 50.
Paris Bourse.-Paris. May l1.-Prices
we're heavy on the Bourse to-day.
Three per cent rentes, 81 francs 40 cen
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-12

The only interesting feature Of an
otherwise listless market was the
continued selling of investment Sc
curities. Pressure of that sort ac-
counted for most Of the declines IN
the last hour of trading.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-12
The Dollar in Foreign Exchange

Attention Of foreign exchange brok-
crs yesterday was centred upon the pro
nounced weakness Of Russian exchange.
the rublo declining 20 a new low record
OF $3.50 cents. compared with 26.65
cents the day before. net loss Of
m>Ss than cent TO the unit. The
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-12

Below is ven 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, 1917-05-12
Utilities Companies Cooperate

As to public utilities, the cooperation
Of the executives OF the leading COM
panies is being sought Among off
cials who have already been in con-
ference with the publicity committee
are George Il. Cortelyou. president OF
the Consolidated Gas Company, and
Theodore ?. Shonts, president Of the
Interborough Rapid Transit Company.
For the committee on professions, Vic
tor Morawetz has been suggested as
chairman.
The suggested membership Of the
trust company committee consists of
James y. Wallace. +. b. Maynard, +. G.
Merrill. Howard Bayne and II. +.
Cooper. Other probable appointments
are:
Railroad committee A. s. Smith,
chairman; +. d. Underwood, w II.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-12
Friday NaY ~. 1911

statistics Of the foreign commerce
of the United States in March give
our trade with the Allies a. follows
1000 omitted
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-12

Lanston Monoiype Machine. Report for
the fiscal year ended February 2S. 1917
shows net earnings after depreciation equiva-
lent 90 Sl-.G6 share on $4,000 shares Of
capital stock. compared with $40 in the
previous year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-12

times for cash; exchange on London
p francs is centimes . per cent loan
s. francs 90 Confines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-12
Corporation Returns

81. Louis-San Francisco Railway Income
account for the three months ended March
81. 1884, compares a. follows with tho CORE
spending period in 1916.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-12

Commercial Paper."The mafhcI Was
quiet but firm. with most Of the bust
ness moving on per cent basis.
Country institutions were reported TO
have entered the market as the buyers
Of moderate amounts OF paper
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, 1917-05-12
New York
Brokerage Firm Bankrupt

Brokerage Firm Bankrupt. An IN
voluntary petition in bankruptcy was
fled yesterday in the United States
District Court against the firm Of Car
roll, Felter G. Co., stock brokers, nam
ing liabilities of $4,000 and assets Of
81 800. The firm was organized in 0c-
tober. 1915, and has been engaged in
dealing in unlisted securities. special
ling in small oil companies stock. II
has also promoted several small oil
companies. and has branch Offices in
Baltimore, Boston, Wilmington and
Philadelphia.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-12

h in for available wen
las the
the United Kingdom hnnkne volume
1000 600 bee"
the steel making facilities and further are being made mont"
chart from The Iron TndRe
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-12

Anthracite Shipments. The ship
ments Of anthracite for April. re-
ported to the Anthracite Bureau of In
formation at Wilkes Barre. amounted
to 1892 .299 tons. as compared with g.
gSq,O75 tons in March of this year and
with 4.526,7S tons in April, 1915. The
decrease in April as compared with the
preceding month was due principally to
the observance by the mine workers OF
non-legal holidays during the first ten
days in April. whereby for that period
with two Sundays deducted, not more
than five full working days were MADE.
There were five Sundays in this snort
month. and these. with the holiday idle
ness. reduced the total working days IN
the month to twenty-five. whereas IN
March there were twenty-seven full
working days. the largest number pos
sible in any one month. The shorter
working time in April would account
for "A reduction of approximately 10
per cent. or about l,250000 tons from
the record made in March. The actual
decrease was l,396.776 tons, or 20 per
cent. In spite Of this decrease in the
SHIPMENTS for April the total ship
ments for the first four months show
an increase over the CORES ondng
period of 1916 of l,463,7i0 tons. the
figure for the two years being, re-
spectiyely. 23.700,53l tons and 22.236,-
19l tons.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-12
Driggs-Seaburv Ordnance. ID

Driggs-Seabury Ordnance. Duvttors
Of the company yestert1J res5:s -:ray-
ments of dividends ~ abs c., non
stock by declaring a qva-t@'iv (! :jibu-
tion Of y per cent ne fampany
passed dividends on this issue in July.
1916. owing to delays in munidons de
liyeries and heavy increases in the
prices of raw materials
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-12

Silver. Bars in London. "I1s cents;
New York. 74"s cents; Mexican dollars,
573s cents.
Gold Movements An additional
S1S.4O0.OOO of bar gold arrived here
from Canada yesterday and was de-
positcd al the Sub-Treasury 60 the
credit Of J. 2. Morgan q Co. fiscal
agents Of the British government.
This. with the gold received on
Wednesday and Thursday brought the
arrivals for the three days TO $4,000,
600. Since the first OF the year gold
imports INTO the United States from all
sources have amounted TO S3S-,0OO.0OO.
and since January ]. 1918. TO >l.320.-
100000
The Sub-Troasury yesterday trans
forrcd S2.400.00O by telegraph 20 san
Francisco. Local bankers are shipping
that amount of gold TO Japan by the
next steamship. Gold to the amount
of $1,000 900 was withdrawn. for which
the destination was withheld
Weeks Money Currents. Indications
arc that the S4SO00.O00 brought m
from Canada this week has materially
helped the cash position of the local
banks Reported movements Of cur
rcncy during tho week point TO "a cash
gain by the banks of about $4,000, 600.
on operations with the interior the
banks lost approximately S2.000,00u.
Total gold exports amounted 10 $40
$1,000 During the week the Federal
Reserve Banks debit balances at thc
Clearing House amounted TO S251ll To-
COO. while its credit balances totallcd
S1O.3sl 900. or balance against tho
local banks Of S14.910.0O0
Bank Clearings for the Week. Total
banking clcariugs at the leading cen
tres Of the country during the week
aggregated S5,0i9.I51.60', according TO
II. G.. Dun d Co.. an increase Of 21f
per cent over the corresponding week
Of 1916 and 5G.3 per cent over 1915.
Bank of Germany. Berlin. via Lon
don. May 1.-THE statement Of the
Imperial Bank Of Germany, issued May
Z, shows the following changes, in
marks:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-12
Virginian Railway Company. q

Nirginian Railway Company. Gross
earnings for 1916. as shown in the an
Iual report issued yesterday. were S.
455.964. compared with S6.252,014 i'm
1910. The increase in expenses and
taxes was much smaller than the gain
In operating revenues, with the result
that income from operations rose ST.
21qG13 TO S3,SO0,7OG. an increase of
lightly more than 80 per cent. Net
income was $2,479456. against Sl,652.-
lI3 i'm 1918. After allowing for per
cent dividends on the preferred stock
this was equivalent TO 3.4 per cent on
the common stock outstanding.
Eastman Kodak. Total net profits
for the year ended December 81, 1916,
including earnings Of subsidiary com
rauics. amounted to Sl7.2o9 ,206, gain
of Sl.547.753 over 1919. Dividend dis
burscments on the preferred shares to-
tailed $685., 942, leaving a balance avail
able for the l95.328 shares Of common
stock of S16.9l9,2Gl, equal 10 S86.62 a
share.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-12

Silver Bars in London. @77s cents;
New York. 745s cents; Mexican dollars,
57's cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-12
Bank Clearings.-Th day. clearing

Sub-Treasury. - New York banks
lost TO the Sub Treasury $3.o36,000.
Evening journal., 1917-03-12
EVEN IF BOOTS COST
$50. HE'LL have Them

YARDvILLE, N. j.. March l2.-Al-
though they may cost him $50 a pair,
Edward L. Cross, of Yardville, is not
going to be denied the pleasure of
wearing old-fashioned high-top leather
boots
Twenty-Five years ago most of the
cobblers in central Jersey towns did a
thriving business making these boots,
but when Cross endeavored to order a
pair this year, none of the shoemakers.
owing to the high cost of leather, would
undertake the job.
81 was determined TO have those new
boots said Cross, relating the expert
ence. $50 I went to a wholesale leather
dealer and bought enough calfskin at
what they claimed was the wholesale
price to make me what ! wanted. II
cost almost enough to put set of tires
on an automobile.
Il have contracted with a shoemaker
70 build these boots, and I'll feel like a
boy when / get them"
Evening journal., 1917-03-12
POCOMOKE CITY KICKS
over MAIL Route CHANCE

PoCOMOKE CITY. Nd. March H.
Because the Federal Postal authori-
ties are about to change the mail SER
vice between this city and Snow Hill.
the county seat, 13 miles away, the
lawyers of this place and of Snow
Hill, are wrathful.
The Government will discontinue on
July 1, a service which has made II
possible to mail letter here for Snow
Hill and receive a reply the same day
Under the proposed new service IL
4 will take at least two days to accom-
plish the same feat, but 1t Will give
some of the small towns north of
Snow Hill the advantage of having
their letters delivered in Baltimore
early in the morning following the
/ day they are mailed.
The Board of Trade and many indi-
viduals of this town are at work on
petitions which will be forwarded TO
Washington. II is probable that a
committee Of the Board OF Trade will
be appointed to so TO the capitol city
to register a kick before the proper
authorities I'm person.
Evening journal., 1917-03-12
U-Boafs on Way to Our Coast, Will
Appear in Days, Declare Navy Mer

opinion Of naval authorities in Wash
ington. German submarines will ap-
pear off the Atlantic coast and in the
Gulf Of Mexico, ready to pounce upon
the shipping that attempts to leave
American ports.
/ This is the explanation given for the
sudden cessation Of the sinking Of
merchant vessels during the last week.
II is pointed out that the last reported
activities of the submarines occurred
on February 26, the day on which
President Wilson made his armed
neutrality declaration. According to
this view. as soon as the President an
nounced his intention of using armed
force. the submarines were notified by
wireless to proceed to their stations
in American waters, which had been
assigned before they were sent to sea-
Germany always in the past made It
a rule to strike the quickest and most
sensational blow possible as soon as
war with any power became inevitable.
This was her course in Belgium and
in Rumania, and there is every reason
TO believe that she will repeat it in
the case of the United States.
The submarine is the most effective
weapon which she can employ against
us at the beginning of hostiities.
Moreover, her U-boats operating in
American waters will be able to do
infinitely more damage to the com
merce upon which England depends
than if they restricted their activities
to the blockade zone. There they have
to contend with thousands Of British
patrol boats, while in American wa
ters there are less than fifty United
states destroyers, supplemented by the
small number Of British cruisers
which came to light during the U-53's
exploits.
And in the event Of a declaration
of war either by the United States oi
Germany, the damage that the L.
boats can do will not be limited tC
the destruction of vessels. Germany
throughout the war has shown hel
utter contempt for the rules Of in
ternational war, which forbids the
shelling of unfortifed towns.
Armed with six-inch guns, the sub
marines will be able to lie safely a.
sea and pour explosive shells into th'
scores of unfortihed towns and vii
lages along the Atlantic coast and
in the Gulf Of Mexico.
The only other explanation Offered
for the sudden cessation Of U-boa
activities is a dispatch from BerliI
that they have all returned to Helgo
81 land for fuel and new supplies. Blu
it is pointed out that this evidentl.
e inspired statement is absurd and OBJ
Evening journal., 1917-03-12

viously a blind Germany would never
attempt to bring her entire fleet of
submarines through the British mine
fields and past the British North Sea
patrol at one time. They sneak in.
one by one. travelling submerged for
the greater part of the distance and
taking every precaution to avoid de-
lection.
According to calculations the first
of the U-boats should reach Amer
lean waters within IL days after they
leave the blockade zone. The Deutsch-
land took 10 days for the trip. but she
started from Hamburg and had to run
a large part OF the distance around
the British Isles submerged and at
low speed. II they got their orders
on the Goth. this should bring them
off the Atlantic coast about the 10th
Of March.
II is generally believed that bases
at which they can replenish their sup
plies have been established in the
West Indies, Mexico and at desolate
points along the Atlantic coast
The signal for them to begin action
will be the declaration by Germany
of a blockade zone in American wa
ters similar TO that established
around the British Isles. This decla-
ration, il is believed, will come as
soon as the President issues orders tC
provide guns and gunners for Amer
lean vessels.
Evening journal., 1917-03-12
Labor Congress Will Decide on
Duty of Workers TO the Nation

effect of the entrance of women into
mems trades.
All who know the American labor
movement know the conclusions Of the
congress will be largely influenced by
the personal attitude OF Samuel Camp
ers.
Throughout the war Gompers has
maintained an answering position. He
has refused to permit the American
labor movement to be exploited for ad-
vantage OF the belligerents. Above all,
he has insisted that labor's power and
| influence must not be used 10 em-
barrass the United States in its deal
ings with other nations or in all rea-
sonable steps toward preparedness. He
has thrown all the weight of his in
fluence into the scales against the
many attempts to commit the Amer
ican labor movement TO pacifism.
When German agents attempted to
cause strikes in American munitions
plants, it was GOmpers who uncovered
the plot. When German agents tried
to cause strikes on the docks of New
York and thus create a practical em-
barge, GOmpers exposed the plot.
But this does not mean that Comp
ers is simply going to wave the flag.
1t is we'll known he is angry at at
tempts that have been made under the
guise of war legislation to deprive
workers Of important rights. Bill have
been introduced. which would have
made a strike in any factory crime,
and that would have made it impos-
sible to secure wage increases during
war times, no matter how fast prices
might rise.
He and other labor leaders have also
been keenly alive to those who expect
to make war source of large profits
as many American capitalists did dur
ing the Civil and Spanish Wars. This
they are prepared to resist to the ut
termost.
Evening journal., 1917-03-12
BY BASIL NJ. MANLY.

WASHINGTON, ID. C., March 12. -
The purpose of the great labor con-
gress Samuel Gompers, president of
the American Federation of Labor, has
called to meet in Washington, today,
is TO formulate labor's duty to the
nation as well as the nations duty to
labor.
Il can be promised that it will not
be a pacifist demonstration, although
there are many pacidsts and pro-Ger-
mans among the labor leaders, who
will undoubtedly make a large noise.
But it can be safely predicted that
when the tumult is over and the
fighting pacifists have ceased to crate,
the overwhelming sentiment of the
congress will be true-blue American.
Such, at any rate, is the opinion Of
those who are thought to know the
American labor movement.
The congress is being called so
American labor will not be caught by
a declaration Of war in the position
of the German labor movement, which,
swept off its feet by the sudden call of
the kaiser has seen its liberties ruth
lesslv crushed until today the German
workers stand as the slaves Of the
state.
Nor does American labor propose to
be caught in the hopelessly divided
condition of the British labor move
ment at the start of the war, when
those who saw war was inevitable
could not act to secure for the work
ers guarantees from the Government
to which they we're entitled.
The leaders believe labor should
now map out plans by which the great
est efficiency can be secured for the
nation, and by which also the advan-
tages and liberties which have been
won by generations of struggle shall
be protected from unnecessary sacrl'
fees to war conditions.
They have collected the results ol
the investigations made in the muni
tions plants of Great Britain as tC
hours and wages and also have studied
British legislation with regard to pro
visions for families of privates DRAFTED
into the service of the nation, and tn
Evening journal., 1917-03-12
Takes S653 OR MORE
TO DRESS A WOMAN
PROPERLY This Year
BY The United Press.

bl Inc 1nteu lIehes
CHICAGO. March 12.-Even when
the high cost OF living Is what 1t Is,
here's the Fashion Art League OF
America taking the JOY out of life to-
day with the cheering news that the
wife must spend 1858 for clothes IL
she's to be properly dressed this
year The leagues fashion show open
ed here today and that was one OF
the first things sprung.
The list does not include house
dresses or lounging robes or anything
like that: just outdoor necessities.
Here's the CHASTITY array; ! tailored
gown. SIS. tailored topcoat. $3.50;
/ afternoon gown. S11O; 2 waists for
suit. $40; evening gown. S135;
pairs of shoes and / pair slippers
S24; 2 hats, $35; corset, SS; pairs
gloves Sc; nderclothing. $780, stock
ings. 500. And that's the very Lowest
you can get it, IL your wife's going C
look like anything at all. the League
, says.