davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-17
State Banks Are
Ready to Join
Reserve System
Prompt Response to Call OF
President Expected in
This City

State banks and trust companies in
greater New York which have not al
ready made application TO join the
Federal Reserve system are expected
10 do 30 In the near future. Executive
officers Of many of these institutions
said yesterday that President wilson's
call for the mobilization OF all the
nations gold reserves under the
supervision of the Reserve Board will
undoubtedly hasten action that has
been considered for several weeks past.
The Mercantile Trust and Deposit
Company Immediately fell into line
Yesterday with the announcement that
the board Of directors had voted
unanimously in favor Of joining. This
institution was organized on May l
last, and now has deposits in excess
Of S6, zoo. 000 Il has a capital OF ST.
100000 and surplus and undivided
profits account of S52l 500. I. A.
Austin, president, said that the board
was influenced in its decision TO enter
the Reserve System not only by patri-
otto motives, but also 70 derive the
advantages Of being a member Of the
Federal Reserve system.
Providence Bank Joins
The Industrial Trust Company OF
Providence, R. l., it was announced
here, has also decided to join. This
institution with assets Of approx
mately s7O.0O0,0O0. is the largest state
bank in Rhode Island and one Of the
largest in New England. 1t is the first
trust company in that state to ally
itself with the Reserve system.
To act on the appeal of President
Wilson, a special meeting Of the di-
rectors of the private international
banking firm of W. R. Grace & Co.
was called this afternoon. The di-
rectors unanimously voted the firm
join the Federal Reserve system.
Among the state institutions in the
financial district that meet in the near
future TO discuss similar action are
the Farmers Loan and Trust Company,
the Columbia rust Company, the En-
pire Trust Company. the Scandinavian
Trust Company. the Union Trust Com
pany and the United States Mortgage
and Trust Company. Smaller banks in
other sections of the city contemplate
doing likewise.
Cause for Objection Removed
Few Of the state banks and trust
companies now raise objections 20
coming under the same jurisdiction as
the national banks as the recent
amendments to the Federal Reserve
act. chief of which is the clause per-
hitting state institutions to retain
their interlocking directorates, re-
moved their principal cause for not
wishing to become members of the
system.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-17
French Government
Pays OFF $4,000, 900

The loan OF approximately $4,000
600. made by J. and W. Seligman & Co
in October, 1916, TO the French govern
ment, secured by st. Louis & San Fran
cisco Railroad securities, 1t was an
nounced yesterday, has been paid of
The funds 10 meet this maturity, 1t Is
understood were supplied from the ad'
vance to France by this government.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-17
Current

The above rates express the cost Of
foreign money in terms Of the Ameri-
can dollar. You buy an English pound
sterling at, say $4.75}s The intrinsic
parity is $4S65s per pound. Thus, you
say either that pounds are az discount
or that dollars are at premium, which
IS owing to the fact that IN England
the demand for dollars with which to
settle accounts in this country is great
or than the demand IN this country
for pounds with which 70 settle &C.
counts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-17
Yesterday. Year ago

Commercial Psper.-Trsding IN com
mercial paper vas light yesterday, with
most of the business moving on a basis
of 5I2 per cent.
Official rates Of discount for each OF
the twelve Federal districts are as fol-
loue.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-17
Cuba Seeking
Gold From u. s.
Asks Reserve Board for
Help in Financing
Sugar Crop

Cuban financial authorities have ap
proached members Of the Federal re
serve Board at Washington with u
view TO obtaining permission for inc
ehinment Ct considerable amounts OF
cold 70 the island for the purpose OF
bolninc the banks there TO finance inc
now crop Of cane sugar. So far noth-
ING has come of the negotiations
ol,bouqh the Cuban bankers are SAID
to be hopeful.
II was stated here yesterday that IN
pinch Cuba might be able to take
care Of financing the crop OUT OF us
own resources, but t is believed lne
situation could be better met were so.u
,IIowed 70 90 - the island. Az tn v
present time the embargo placed on an
goId eYports from the United states
nrcvents the Cuban bankers from tah-
innq metal from this country, as ,ney
80 been accustomed TO do IN o'her
years.
Confident Of Aid
The Cuban financial authorities. VINO
arc looking TO this country for imam
cial aid in carrying the sugar crop
until it can be marketed are conVihceu'
ii is said that both the United states
and Great Britain, as the prihclpal
buvers of the Cuban crop, will see thelr
wav clear to extend the help required
The new Cuban sugar crop VIII Ae-
gregate approximately 3,OOo,ooo IONS
according to an estimate mace mere
vesterday. 1t will be worth at preseni,;
1rices in excess Of s30O,OOo,OOo: UnuL
The planters are able to cash tnelr
holdings Of sugar the crop will have 70
be financed By the Cuban banks Las,
vear many millions in gold was shippeu
TO Cuba for that purpose.
American Gold Blockaded
Local bankers in discussing the imam
cial situation in Cuba called attention
10 the fac; that the Cuban government
has in force an embargo on all exports
Of gold. bullion and currency. II Is
stated that a large amount OF American
gold certificates which are in circula-
lion in Cuba have. By virtue of this EN-
largo. been lost 20 the United states
until such time as Cuba sees nj 20 III
the ban on exports of currency.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-17
Finance Economics
u.,, crprrr OFFICE: Telephone;
MIL. Building. Is Broad St. Hanover cole

ued yesterday as the outstanding feat
ire of the money market. As result
Of this loans on time against Stock
Exchange collateral displayed firmness,
with rates for practically oil periods
ruling at 5i2 to per cent.
Ruling rates for money yesterday,
compared with year ago, were as fol-
lows
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-17
Cause for Objection Removed
News Digest
Foreign

Paris Bourse. PARIS. Oct 10
Trading was active on the Bourse to-
day. Three per cent rentes, 81 francs
20 confines for cash. Exchange on
London. 81 france 18 confines. Five
per cent loan, SO francs 10 centimes.
London Market Quiet.
Oct. l6.-Money was in fair supply and
discount rates were steady to-day. The
stock market was quietly firm. with
most of the business in the foreign
sections. in which low priced oils, in
dustrals and Marconis were promi-
nent. Java rubber stocks were easy
owing TO the controversy with Hol-
land. Argentine rails and Russian is
sues were better and gilt-edged securi-
ties were maintained. Americans were
weak in sympathy with Wall Street.
Only few of the low priced shares
we're dealt in.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-17
New York
Sev York Central Note SyndiS

New York Central Note Syndicate
Dissolved syndicate headed by ).
2. Morgan & Co.. which underworld the
Of Inc New York Central Railroad, re-
Gently sold privately, has been dis
solved.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-17
w;ro;, Resigns from Erie Board
Elections

Francis 5. Dewey has been elected a
member of the executive committee OF
the New England Telephone and Tele-
Graph Company, in place Of the late
Noses G.. Parker.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-17
Money and Credit

There was an abundant supply OF call
money available at the Stock Exchange
Yesterday. and the bulk of the business
was done on 81 per cent basis. The
closing rate was per cent.
The inadequate supply of credit ae-
commodstion for fixed periods contin-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-17
ANDREW J. MCCORMACK. Auctioneer.
REGULAR AUCTION SALE,
STOCKS AND BONDS,
BY ADRIAN IL. MI ILER & son,
OFFICE. SO. % WILLIAM ST,
MIDNI~nAN OH L. Ialr

STOCKS AND BONDS,
BY ADRIAN II. Nj ILER son,
OFFICE. SO % WILLIAM ST,
WEDNESDAY. OCT. II. 1917,
az H. 30 o'clock. az the
EXCHANGE SALESROOM
NOS q AND rs EESEY STREET.
For Account ~ Trustee
s.. 900 Chicago & Erie h. Co. Non Cum.
GScone sec MIG. Bonds. 1882.
For Account ~ Whom Il May Concern.
l.21l shs Spokane < Inland Empire r. r.
prefd.
$50 shs Spokane & rnland Empire R. r.
10. 900 shs. High Grade copper Mining a
Leasing 90.
100 shs. Urban Water supply Co.
1000 shs Southern Oh s. Chemical Co.
LOO shs East Coast Navigation Co.. Inc.
prefd.
SIC. 900 island OF & Transport Corpn. Tenn
porary LIST Lien Coll 20 Gold Notes.
1920.
a. 600 shs. Island OF & Transport Corpn.
1880 shs Metropolitan Petroleum Corpn.
so shs Stuyverant Insurance Co.
70 shs Security Bank.
900 shs. Sabans Grande Honduras Min
lng Co.
1900 shs senorito Copper Corpn. Com
mon CT u Deposit
100 shs. United Light & Railways Co.
common.
100 .hs Colorado Power Co. common.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-17
10 THE HOLDERS AND OwSEks on
THE OUTSTANDING FIRST Moh,,
CAGE COLLATERAL TRUST COLI
BONDS OF THE UNITED NAIth
Am LIGHT COMPANY.

NOTICE rs HEREBY GIVEN mat ppl.
suant % the terms Of the Collateral Erp"
Indenture, hereinafter mentioned, ths %.
derslgued. The United Water anc Lis
company. intends 20 ard VII redeem arc
nav on November T. 1917. a, .o5Ss - thsF
par value. plus accrued interest. a. os,.
standing First Mortgage Couaiersl lfp,'
Gold Bonds q said Company. dated Nay \,
1907, issued under the trust indentufs .,
even date made by the said Iompsny ~
The Farmers Loan and Trust COMPANY "
Trustee.
To effect such redemption. ,he uncss
sgned will. on November 1. 1911 throess
Us redemption agent. The Farmers 80
and Trust Company. Trustee. under re-
collateral indenture az the once OF
Trust Company. at q william street
The city Of New York. y Y, pay 70 -
holder or registered owner II each @,
bonds upon presentation and surrsnd
such bonds and all unmatured eolpo.s
the principal thereof together WIN -
Interest then accrued and unpaid theree.,
AL said bonds will cease 20 draw int's
on November /. 1911 and ne coupons '''
seQuently maturing vii. be void
Dated at the City of New York, ~ ."
Sepfsinhsr ieth 1917 IAN.
THE UNITED WATER AND LIGHT CO.
PANY. BY ROY LOWE. Prssidsnl
b G. HOylS. Secretary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-17

Pelow is given the current exchange
value of foreign money in dollars and
cents, together with the intrinsic gold
rarity, as calculated by She United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-17

The steady, long continued attri-
ton Of values had produced an at
mosphere of gloom in Wall Street
which eliminated, for the time being
at least. in the attack of nerves"
which upset the market on Monday.
As commonly happens under such
conditions, the reaction went quite
as far in the opposite direction, and
the Street was buoyantly optimistic
for a change. Reports that drastic
action would be taken by the gov
ernors OF the Stock Exchange, which
had been accepted seriously the day
before, and were, in fact. respon-
sible in large degree for the slump
which took place then, were
waived with less consideration than
they really deserved. The result was
a sharp recovery in prices, in nu-
merous instances quite as extensive
Is Vie 4cSStc SNSbi4ilCh III LAN PAN
ceding session. Though the i'm
provement was general, it was espe-
cially marked in the steel and equip
ment issues. United States Steel
common made net advance Of 81
points, compared with net loss Of
o. noints Monday. ReDublc Iron
and Steel was up 324 points, Beth
lehem B a like amount, Baldwin
Locomotive 81 and American Loco
motive PIP points. More than third
Of the total trading was in these five
issues, mainly in Steel common and
Bethlehem B. The Gary statement,
expressing satisfaction with the
prices fixed for steel products, was a
factor in this section Of the market.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-17

While investment buying played a
part in the days recovery, it was,
after all, important mainly because
of the sentimental influence which it
exerted. Dealings were still largely
IN the hands Of the professional trad
ers, and the so-called big interests.
4 sustaining influence was found in
covering by traders who had pre-
viously sold short for the fall, but
much more important than this was
the heavy buying which was said to
have been effected for large institu-
tons and individuals who had for
some time been working on the other
side of the market. 1t may be that
this is only a passing phase, and thai
the support was given merely be
cause of the scare which the Street
received on Monday; but if 1t shoulC
develop that these same big inter
ests" have decided to postpone In
definitely further liquidation Of then
holdings. then one of the chief causes
of the declining market which has
been witnessed for weeks will have
been removed. No doubt liquidation
of small holdings will continue for g
time; but much Of this has been pro.
duced by the effects of heavy selling
on the part Of the "big interests,
and il the one comes TO an end the
other may gradually subside. 1t is
an interesting theme for speculation
but predictions must be held in abey-
ance.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-17

9WI(Hs Names
3.I z ,H
sss'',:s;
sass.ss' sses
~
Y
~
>%
S -
I'M
The Man W/
Without q i
country
D, ~. >.1 I,-,n.d bic
ao,,ntr, n 1907 Until
Al = 1s63 he never
III H. o g bio
IL o.4oroJ ~. &C the
o.4 +arr;bI. n,,n;sb-
-. - ;oa;o+ed ON
1
vOrt1; = -. dsar.ot
IL 60 &c tho
W H.
90 49, - D..
=. ,.,,r
~ ''+ ia o. ,,.;o
''''' '''
10 'li0ii Gnu '''' IGt'' ~
i0J
i'o''' YOU
~ may &c " ''i AL
WITHOUT g. q I0Ui'', -
u - WIN
Duy NiOe,'y D0 ~
preserve - N''' 80
|
Buy Liberty bonoS ana
preserve our country
United States Govern
,..9 SD in and ds" %sl.:ei.. oi
r., no.
payable seml-annu-
any
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-17
Corporation Returns

Corporation Returns
Grand Trunk Railway Of Canada
1914 1916
aueust gross Goa. 900 1.o40. 23o
Net .... 2i6,7o0 sos. $50
Grand Trunk Western
1917 1916.
Auc,st gross ........ $4,000 fi72 400
N.f $3.50 - 700
Detroit. Grand Haven & Milwaukee
1917 1916.
Angus, gross .... S58. 300 $50 900
\ef ,defcitl - 1850 ~. 400
Surplus.
Philadelphia Rapid Transit
1917. 1915.
September gross .... S2.4le.5ST 2.2eo 900
Net earnings. ......,.. l,OSo,<ao l,Vlo,<fo
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-17
New Stock Issue for Tobacco Con

New Stock Issue for Tobacco 'o",'
pany.-Stockholders Of the K. j.
REYNOLDS Tobacco Company VII! vote
at a special meeting in Jersey CITY or
November OF proposition TO IN
crease the stock from S2O,OOO,OOO 20
$4,000. 600 At present the, company
has sl0.000,000 common and slV,OoV',,
900 7 per cent cumulative preIe ee,,
stock. or the new stock $40. OOoVVo VIII -
be preferred and s1O,OoO'ooo Class d
common stock. without voting power.
Tba new stock. il was announced, would
he issued las and when needed
Virgin Resigns from Erie Board
Albert II. Wiggin. president OF the
Chase National Bank, and recently, APP
pointed fuel administrator, of the New
York district. has resigned as dIrec-
tor Of the Erie Railroad Company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-17

Sub-Treasury.-New York banks lost
70 the Sub-Treasury sS9.19S,o0O.
Silver.-Bars In London, 1880, down
g New York, s57sc. off &c; Mexican
dollars, SAC, a decrease OF sc.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-17
--Days-
Over Over Over

Bank Clearings.-The days clearings
at New York and other cities:
Exchanges. Balances:
New York. S805. 023,S72 S68,lIO,oEI
Ros4on ~ 51,515.681 5,e15,849
Philadelphia oe.4s9'oNo ''''0'''
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-17

Because it is a y. S. Gov
eminent Bond.
Because you owe It to
your country.
Because it will help win
the war.
Because it will bring
victorious peace near
cr.
Because it is the safest
of all investments.
Because it earns 40 in
terest.
Because it can be had in
any amount-S5O up.
Because payment can be
made in installments.
Because your bond prob
ably will grow in value.
Because you can market
your bonds quickly.
Because your investment
is the best in the world.
Every consideration
of prudence and thrift,
every call of patriotism,
leads you to the same
conclusion
Buy a u. S. GoUern.
ment Bond of the
Secon nd Liberty
Loan To-day!
Liberty Loan
Committee
Second Federal Re,eoe District
l2O Broadway, N. Y.
This space contributed by
Frederic H. Hatch & Co.
Carl H. Pforzheimer & CO.
John Muir & Co.
Chisholm & Chapman.
Coggeshall & Hicks.
Knautb, Naehod & kuhne.
George H. Burr & Co.
Liggett & Drexel.
Joseph & Wiener.
A. A. Housman & Co.
Union Trust Co.
r. c. Mesargel & Co.
ARRIMAN NATIONAL Ban
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-01-08
AMERICAN SHIPPING not Using
CANAL ASFOREIGN Lines ARE

Shipping men or Honolulu. today
we're greatly interested In reports from
Panama that United States coastwise
vessels are not using the canal as
much as before. A despatch from Pa.
mama to the New York World, dated
November II and printed In The De-
cember issue, says foreign vessels are
using the Big Ditch" IN greatly In
creasing numbers Ia contrast to the
decrease IN American bottoms.
only five United States coastwise
vessels used the canal during octo-
Der,n says the despatch, -and one Of
these. the Wasp. was Of only $50 net
tons During November. to date, only
three coastwfse vessels have used the
canal, but one Of them made the return
passage also.
'Coastwise vessels have used the
canal In diminishing numbers from
the very first
During the first SIX months the
canal was opened 70 commercial traf.
re. United States coastwise vessels
we're slightly over 81 per cent OF
al that made use 81 the reduced time
and lower expenses OF the new route.
AT the end Of the first year Of canal
operation he number Of United
States coastNIts vessels had fallen
10 only little over 80 per cent Of all
The shipping that passed through.
During the second fiscal year that
~ canal vas open 70 transit Of com
Mefciai vessels the United States
co1etWIsc vessels we're fewer In mum
|1r than diIrinr the first year.
An E1EI MII1Erf1hlnoicn
prior - The opening q the canal
4 was widely assumed that sailing
.|'Is could not use Il 70 advantage.
Some 81 SAILING ships have used the
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-01-08
VIRTUES or THE LEMON

II the testimony Of the SiciliaR CT
trus Chamber is given due considera-
ton in determining the status OF q
lemon, 1t deserves an important place
in the list Of first aids. According to
the authority mentioned, the lemon
aids are chiefly medicinal and ny
gienic. Its juice Is Of value In treat
ing diphtheria and govt. For ordin-
airy colds It Is great specific. It win
cure slight wounds and chilblafns.
The juice Of several lemons taken
every day will help to cure rheuma.
tism and prove an antidote for dia.
betes; small slices applied to corns
win ease the pain.
As q cleasning agent and beautifier,
the reputation of the lemon scars still
higher. The Juice whitens the hands,
improves the complexion, helps, II
anything can, to remove freckles. In
the culinary department it ranks with
salt and sugar in general Usefulness,
and as q furniture polish its oil is
beyond reproach. Popular Science
Monthly.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-01-08

SONOMA Is ALSO
"a HOURS LATE

One day late, probably due to the
same head winds which delayed the
Makura "a hours, the Oceanic liner
Sonoma win. not arrive until 10
o'clock Wednesday morning from sgd
ney and Pago-Pago, according to a
wireless reaching the shipping de-
partment Of C. Brewer & Company,
Ltd, the local agency, today from the
steamer.
No reason for the delay is given in
the wireless |.
Passengers for Honolulu coming ON
the Sononia are six first cabin, three
second and three steersge. Mail is
nine bags, and cargo 20 TONS The
liner will dock at Pier and leave
about p. M. for San Francisco.
The wireless reports that q steerage
passenger named William Gales died
Sunday Of nephritis and was buried at
sea.
Freight leaving from Honolulu in
the SonoIna win tbe approximately
$50 tons. II win include $50 tons Of
sugar. 700 cases Of canned pines,
hides, rice and other cargo. There Is
plenty Of room out for passengers and
only few are booked at the local
agency.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-01-08
STORMS BUCKED
BY SHIMPO MARI

Reporting gales at sea from Yoko-
hama here so severe that they opened
the seams on her boat deck. the o. s.
K. chartered freighter Shimpo Maru.
Capt T. Okuda. arrived This morning
from the Orient. bringing $40 tons Of
general cargo TO Honolulu. ranging
from misc. shoyn, rice and beans to
general merchandise. She was off
port at $780,
Four days of strong winds and
heavy seas were bucked by the Shin
DO after leaving Yokohama December
"a. She also met storms from Kobe to
Yokohama. So far as could be learn
ed no damage was done the. steamer
or cargo by the storms Cargo for
San Francisco Is 1900 tons, according
to Pursef s. TamakL
The Shimpo win not call here again,
according to her purser. She viii
probably be placed on the run direct
from Yokohama to San Francisco with
freight. Her owner Is the Kishimeto
Kisen Kaisha, which chartered her for
one year, beginning December Is, to
the Osaka Shpsen Kaisha. The
freighter locked at Pier is and wants
TO leave at O'Clock tonight for San
Francisco.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-01-08
Sugar 5.36cts
Henry Waterhouse Trust Co.
ltd.
Members Honolulu Stock and Bond
Exchange
Fort and Merchant Streets
TeIephcne 1903
90 NOT CUT YOUR SLEEP

DR.. Richard Clarke Cabot, who Is
devoting years ripened by experience
to the education Of the public In
hygiene, says that we do not sleep
enough, most of US, and urges us to
see to It that we get all the sleep we
need, which Is, he elucidates, aas
much as you can soak up in "a hours. :
John Jones, who knows that Napoleon
customarily got along with four hours
slumber out OF "a, viii hurrah when
he reads this and lay him down for
twice the emperor's allowance. And he
will be right in doing so. Who knows
but that the Corsican would have con-
quered all Europe il he had rested
longer? At any rate, it would have
taken him more time to do It, would
It not? And thus, his career would
have extended and perhaps the un.
fortunate denouement on st. Helena
would have been ayerted. The fac.
ulty of mapping for few minutes Is
so valuable that II ought to be en-
eouraged. The real reason why some
persons sleep in church Is not found
in the soporific quality Of the sermon.
but In the fact that they need not fear
a rude awakening. Dozers should
never be laughed at. Put yourself In
his snooze. We do not need the eight.
hour day half SO badiy-as we need the
eight-hour night-New York Sun.