davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10
Tuesday, October ., 1917

The financial world is passing
through one of the periods OF tor
pidity which it is likely to encoun-
ter with increasing frequency as the
war goes on and great government
loans follow one another in quick
succession. Except for spasmodic
activity on the Stock Exchange
everything is at standstill, Just
as it was during the last loan cam
raign. As to whether the closing
Of the subscription books to the pres
ent national issue will be succeeded
by resumption of activity in the
other fields Of finance is ques-
ton in which Wall Street is much
concerned. From the middle Of
June to the first of October con
siderable new corporate financing
was done, though, of course, not so
much as might have taken place I'M
der normal conditions. At the same
time. interest in the stock market
revived to some extent, and the vol
ume of trading was maintained at a
reasonably high level. a good many
Wall Street persons are expecting a
repetition Of this experience after
the first of November, but there
appears to be little ground for hope
that their expectations will be re
allied. In the first place, 1t is prob
able that the interval between this
loan and the next will be much
shorter than the one between the
first and second loans. The next
campaign may be started very
shortly after the present one has
come 10 an end. In the second place,
much free capital and future say
ings will have been absorbed by the
government. making it the more diff
ficult TO finance new enterprises or
T. float loans for the extension Of
existing ones. 1t will he hard
enough to secure funds for neces-
sary refunding operations, and the
cost will be almost prohibitive. That
is plain, not only from the expert
ence of last summer, but from the
fact that, though hundreds, if not
thousands, of seasoned investment
securities of unquestioned sound
ness are now to be had at prices
which yield big returns, the demand
remains at a minimum-indeed, one
might almost say that there is nc
demand at all. And the same things
that will tend to restrict the volume
of corporate financing will operate
also to restrain the development OF
anything like a big speculation in
existing securities.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10

work in aid of the agricultural WORK OF D,
the territory during the year oPee.a'
attention has been given to aiding 'n'n'-
ers TO find profitable markets Tor ,nel,
products. one Of the results mas Deen
10 encourage farmers to produce III
larger quantities products when tney
have been able to market succeSs'u'i!
thus increasing the volume oil our
traffic. The relatively low price OF farm
lands in proportion to their produetiVs,
value in many parts Of the south ana
the climatic advantages of the territory i,1n
offer strong inducements for the migra-
ton of farmers from more denseiy. pop
ulated and less favored parts oil the
country"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10

A rather dull session on the
Stock Exchange was enlivened tow
ard the close by a sharp decline
in prices, which affected practically
the whole list. In many cases the
declines were fractional, but losses
of several points were not uncom-
mon. Several explanations were ad-
vanced to account for the break,
among them the assertion that the
professional operators and pools had
again engineered a drive against
values, and another, that big inter
ests were again pressing their
stocks for sale. Such operations are
hard 10 trace, but it is not az all
impossible that both of these things
were factors in the slump. If they
we're, those who are responsible are,
to say the least, unpatriotic. The
middle Of a government loan cam
paign is hardly the time to destroy
,alues. and, incidentally, upset con-
huence in the cOuntry's financial
stability.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10
Bonds for Investment
Harris, Forbes & Co.
Pine Street. Corner william
NEW YORK
Rail Earnings Decline
August Reports Show Un'
favorable Turn

WASHINGTON, Oct Q. A slishi
falling off in railroad earnings fer the
month of August is indicated by pre-
liminary reports from 1873 OF the cher
railroads Of the country 70 the Inter
state Commerce Commission. Thirty
three roads are vet 70 be heard irom
New revenues for August were ss',.
1l3,l75, compared with $s6,3l5.i2'
August, 1916. Gross receipts, ho"eFeii'
increased approximately S52,gOO,syv'
reaching total Of 1922. l03,oi5. In'
difference in net revenues was u.'
wholly 10 increased operating eXpehsnssss
which snow jump from si63,sloss.-
year ago 20 sl97 1870 ALB last Angus.
Western roads showed deeres" ""
revenues OF approximately S2'oVV,VV.'
Eastern roads showed revenues OF AZ
proximately the same a. last yes
while Southern roads increased tn'"
net revenues by 100000
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10
Silver Under 80 Cents
Now IS 7-S Cents Below Re-
cent High Record

The price of commercial bar silver
broke under 90 cents an ounce in the
local market yesterday, when the Of
fetal quotation WAS established at s9Ss
cents. a decline Of Il cent from Mon
dav. Silver is now down lS3. cents
from the high record Of S1oSia, made
two weeks ago.
Bullion dealers expressed the opinion
Yesterday that the resales of the metal
BIZ the Chinese, a development which
has been an important factor In fore
mo the price down. were probably n
rejection of the general economic un-
settlement produced in China by the
floods. which are reported TO be the
most serious in years.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10
Net Earnings of
Colorado Fuel
Nearly Doubled
Balance Of $3,979,469 for
Company Which Had
Deficit in 1915

The Colorado Fuel and Iron Company.
Rockefeller property, fell barely
short of doubling its net earnings in
the fiscal year ended June 30 last. The
annual report, issued yesterday. dis
closed net of $S,233,31S, compared with
s4,346,0S5 in 1916 and $1.765,O5S in 1915.
Gross revenues for the fiscal period
aggregated $40 .004.Ss6, against $685.
sos in 1916. OF this total $685.. 157
came from the operations Of the iron
department and sll.322.729 from the
fuel department. The balance, after
payment OF interest, taxes and depre-
citation charges, was $3,979.i69, com
pared with s2,145,S46 in 1916 and a
deficit Of s334,66l in 1915.
The surplus after the preferred divi-
dends amounted to s3,2l9, i69, against
N.545,s46 the preceding twelve months.
Following is a statement of the COM
pany's production in tons, compared
with 1916:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10
Kathodion Bronze Fails
Bankruptcy Petition Recalls
1915 Curb Sensation

Back in 1915 the stock Of the katn-
odion Bronze Works skyrocketed on
the curb market within few weeks
from 81 70 SOS snare on reports OF
"big war orders" that were never SUB
staStiated. The subaequeit decline was
oi,nost 90 sensational as the rise
Yesterday an Involuntary petition in
bankruptcy was filed against the com
pany in the Federal Court ne asses eoo
we're given as $4,000. liabilities $4,000
and contingent liabilities $4,000
Several weeks ago the stock ceased
TO be quoted on the curb market.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10
Other Cities

Higher Rates for Grain and Grain
Products Suspended WASHINGTON,
Oct. "a proposed increase of Ga
cents q hundred pounds on grain and
grain products from Louisville and
East st. Louis TO Florida points was
suspended to-day by the Interstate
Commerce Commission until February
5 next.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10
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. s4.75n. The intrinsic
parity is $4S65s per pound. Thus. you
saw either that pounds are AZ discount
or that dollars are a premium, which
IS owing to the fact that IN England
the demand for dollars with which to
settle accounts in this country is great
er than the demand in this country
for pounds with which TO settle &C.
counts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10
Elections

Elton Parks yesterday was elected a
director Of the Maxwell Motor Com
psny to succeed George II. Burr.
International Nickel. Announcement
was made yesterday Of the resignation
of A. II. Mcneil as president of the
company to join the staff of General
Foulois, who is in charge of aviation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10

"The property of the citizens Of
the United States is estimated at
s225,OOO,OOO,OOO. The income of the
United States is about $40,000,000,-
600. When we compare these fig
ures with those of the nations
abroad, we ought to be ashamed of
having TO work so hard to raise
this money the Liberty Loan for
our government. Thomas W. La
mont.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10
The Dollar in Foreign Exchange

Foreign exchange rates fuctuated
within narrow limits in the local mar
ket Yesterday. Russian rubles were
slightly easier a. 1874 cents. Dutch
ruilders continued to display strength
at 43l2 cents for cables.
Closing rates yesterday, compared
with week ago. aie 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, 1917-10-10
Relevant Facts

Western Union Telegraph. - Gross
revenues for the first nine months OF
the current year september estimated)
totalled S57,32O,2O3, compared with
si5,789,770 in the corresponding period
of last year. Net after taxes amounted
to 1882 ll, an increase OF S1,l9O, 62l,
and surplus after interest charges, etc.
was SO 500 ,i24, against 50 ,i09, 1903 for
the nine months ended September 30,
1916.
Pittsburgh Steel. Sales for the year
ended June 30, 1917, were S33 1883,
an increase of s11,21S,O4S over the pre-
ceding year. After allowing s1.5O7 .279
as reserve for depreciation and deple-
tion and sl,s23. 54s for estimated war
profits taxes there remained net profits
Of s7,Sll.4i4. gain Of s3.247,377 over
1916.
Atchison, Topeka < Santa Re. Ad-
vices from Topeka, Kan, stated yester-
day that +. P. Ripley. president Of the
Atchison system. will be reelected by
the board Of directors, following the
annual meeting of the stockholders 20
be held October %. II had been ru-
mored that Mr. Ripley would retire
from active railroading
Tobacco Products. - The executive
committee OF the Tobacco Products Cor
poration recommended yesterday an
initial dividend of Sl.50 a share on the
common stock 70 be paid November IS
10 stock OF record November |.
American Foreign Banking Corpora
ton. stockholders at special meet
ing yesterday voted unanimously to
increase the stock from 100000 70
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10
London Money Market.
Reserve Banks Resources More Than

a Billion.-For the first time IN IT'S his
tory the resources OF the Federal re,
eorve Bank Of New York have crossed
the billion-dol mark. The total an
rounced Yesterday was s1,024,000, 900.
II was exclaimed that this sum includes
1924 600 600 Of Federal Reserve notes,
against which there is held a like
amount OF gold and commercial paper.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10
News Digest
Foreign
Chem Money Helps London Market.

Cheap Money Helps London mafSe''
LONDON, Oct. 9.-The war news ana
cheap money continue the chief FAC
tors on the Stock Exchange. The mar
ket to-day was generally firm, with
large business in British funds, home
rails and copper and Marconi shares
+bo nrincipal features Rubber stocks
,yere irregular and foreign issues were
inclined to dulness, but Cuban Ports
were firm and dearer
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10

Argentine wool advances cons'sh'
TO new high record prices. Recsn"'
$4,000 pounds Of the new clip "e
sold on basis Of sl.35 per pound.
is reported that Japan contemplate -,
purchase of 10000 bales Of Austfsi'''
wool.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10

The average annual earnings o. the
employees of the company. excepting
managing officials. increased from 1858
in the year ended June 30, 1916, 10
N,l79 in the year ended June 30, 1917.
Wage increases granted during the
period added approximately s225,O00 to
the monthly payroll of the company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10
Air Brake Profits Drop
Westinghouse Company Re-
norts Sharp Decline in Net

Net profits of the Westinghouse Air
Brake Company fell off sharply in the
fiscal year ended July 81 last, accord
ing to the annual report issued yes
terdav. which showed total of $6,-
3Ss.463. compared with s9,396,lo3 in
1916. This was equivalent 10 sli.65 a
share earned on s2s.S6S.2OO capital
stock of $50 par value share, as com
pared with 1882 a share the preced-
ing year on $l9,63S, 1867 capital.
The consolidated surplus account
compares with the preceding year as
follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10

Commercial Paper.-Activity in COM
mercial paper was on q somewhat ex-
banded scale yesterday. Country insti..
tutions were reported as substantial
buyers. Rates were firmly maintained
around ga 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, 1917-10-10

below is given the current exchange
value Of foreign money in dollars and
cents. together with tho intrinsic GOLD
rarity, as calculated by the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10
Gets Reserve Bank.

Cincinnati bets Reserve DAMN.
WASHINGTON, Oct. g. Establishment
at Cincinnati of branch of the Fed
eral Reserve Bank of Cleveland was
authorized to-day by the Federal Re
serve Board.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10
New York

Steel Men Confer.-Following a con-
ference yesterday in the Offices OF the
United States Steel Corporation, prom
inent steel men left in the afternoon
for Washington, where meetings will be
held to day and probably tomorrow
with government officials.
Among those who made the trip were
the original members of the sub-corn-
mittee Of the Council Of National De-
fence on iron and steel, including f. h.
Gary, chairman, and James A. Farrell,
president, of the United States Steel
Corporation; John A. Topping, presi-
dent of the Republic Iron and Steel
Company; f. A. s. Clarke, president OF
the Lackawanna Steel Company; A. I:
Dinkey. president of the Midvale Steel
and Ordnance Company; +. u. Trace
president of the Bethlehem Steel Cor
poration; Willis l.. King, vlce-presi =
dent Of the Jones e. Laughlin Steel
Company; II. G.. Dalton, OF Plckands.
Mather g. Co.. and James A. Burden, OF
the Burden Iron Company.
Mr.. Gary said that yesterdays con-
ference was general discussion OF
conditions prevailing in the iron and
steel industry.
Brooklyn Sugar Plant Closed.-The
Brooklyn plant of the American Sugar
Refining Company was closed yester-
day. The men claimed they were laid
of because Of shortage of raw ma
terial arising out of the general ship
ping situation and that more than
1000 of their number were out Of work.
A statement issued by the company
said the closing was the usual seasonal
one for repairs looking toward in
creased mechanical efficiency and that
all except about 200 employees had been
retained on the payroll. The employees
said signs were posted at the plant
last week announcing the factory would
be closed for two months.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10

Sub-Treasury. - New YORK banks
gained from the Sub-Treasury $4,000.
Silver BARS in London, 45lad. down
I'D: New York, $3.50, decrease oil
l2c: Mexican dollars. 67%c, off nc.
London Money Market. - LONDON,
Oct. 9.-Money was in smaller supply
at 4 per cent, owing to increased ap-
plications for the new war bonds. DIS
count rates were steadier. short bills
being quoted at 424 per cent and three
months paper AT 4's per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10
-Days-

Bank Clearings.-The days clearings
at New York and other cities:
Exchanges. Balances.
New York. s650.2e5. 436 $54,SS6 $500
Boston. 3e.372,963 1857 ,e46
Philadelphia. 52,475,200 7,oi9,742
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10
Finance Economics
Telephones
Hanover eBll

compared with a year ago, were as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10

ton. stockholders at a special meet
ing yesterday voted unanimously to
increase the stock from 100000 70
50 .500.00O.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-10

Surplus.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-09-27
INSANE IMMIGRANT
KILLS POLICEMAN
Priddey, Resident of Quebec,
Had Been Ordered De-
ported by Inspectors
SECOND OFFICER
is BADLY WOUNDED
and Fired Five Shots Monogue,
Slain Instantly at Newport, Former
" Lived in Burlington.

ST. JOHNSBURY, Sept 27.-One man
was killed and two seriously wounded in
shooting affray at the Newport House at
Newport when a Canadian immigrant
resisted the immigration officers Robert
j. Priddey, about 30, claiming to be a
resident of Quebec, was rejected by the
immigration inspectors on the ground of
insanity and ordered deported. He refused
to 20.
The officers forced an entrance to his
rooms at the hotel about clock yester-
day afternoon and were taking him to
the train As they reached the office OF
the hotel the man drew a small automatic
revolver and fired five shots
j p Monogue, traffic policeman, who
was assisting the inspectors, was instantly
killed, the bullet severng the jugular
VEN =. j. McDermott, 35, chief immi
grafton officer, was shot through the arm
and side His condition is serious 4
guest at the hotel whose name could no
be learned, was slightly wounded
I Priddey was taken to Orleans count,
jail at Newport.
The dead man had been in Ncwpor
but short time His home was in
New York town where he has a wife, tw,
sons and a daughter He was about 5
years old One son is at Camp Deven@
Aver. Mass The family had lived il
Burlington many years.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-09-27
ACIDS IN STOMACH
SOUR THE FOOD AND
CAUSE INDIGESTION
"Papes Diapepsin'' fixes sour, gassy
upset stomachs in five
minutes.

You don t know what upset your
stomach which portion of the food
did the damage-do YOU? Well don t
bother. If your stomach is in revolt /;
If sick, gassy. and upset, and what you
just ate has fermentcd and turned
sour, head dizzy and aches; belch
gases and acids and eructatc undi-
gested food; breath foul, tongue coat
ed-just take little Papc 5 Diapepsin
to neutralizc aeiditv and in five min
utes you wonder what became Of the
indigestion and distress.
Millions Of men and women TO-DAY
know that it is needless to have dys
pepsia. a little Diapepsin occasionally
keeps the stomach swectencd, and they
eat their favorite foods without fear
If your stomach. doesn' t take care
of your liberal limit without rebel
lion; if your food is damage instea,
of a help, remember the quickest
surest, most harmless antacid is Pape :
Diapepsin, which costs only fifty cent
for large case at drug stores 1t :
truly wonderful stops food sour
ing and sets things straight, SO gcntl,
and easily that it is really astonish
ing. Your stomach will digest you
meals if you keep acids neutralized.-
Adv.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-09-27
.SUPT. ]. n. BARSS
TO LEAVE VERMONT
Superintendent of Industrial School to
Have Charge of Institution in
Shawridge, P. @,

vERGENNES, Sept 81. = Announce
ment was made yesterday that j. n Barss
had presented to Commissioner of State
institutions John E. Weeks of Middle
bury his resignation as superintendent of
the state industrial school here, to take a
position as superintendent of the boys
home at Shawbridge, Que Mr. Barss
will leave with his family the latter part
of October and will assume his new duties
November /.
Mr. Barss became superintendent Of
,, the school at Vergennes 10 years ago last
August The boys home is the outgrowtl
of the juvenile court of Montreal anC
was established about nine years ago TIL,
board of trustees is composed Of about 2
men of prominence and their ambition i
to develop an efficient plant for the re
generation and right training of boys tina
have been deprived of a right hom
influence
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-09-27
DEATH OF GEORGE F. GooDELL
Bellows Falls Undertaken Had Lived in
That Village % Years.

BELLOWS FALLS, Sept % George
f. Goodel, for many years prominent
business man of Bellows Falls, died late
Monday night at his home on Cherry
street Mr. Goodell was born January
l6, 1860, in Westminster West, son of
Frazer and Sarah Goodell. He came to
this village % years ago where he worked
for II years for the Chase Furniture com.
pany. both in the furniture and under
taking departments.
About two years ago he opened store
in company with his sister, Miss Abbie
Goodell, under the firm name of Goodel
& Goodell, continuing the undertaking
business In 1897 he married Ida b
Rhodes who died in 1903 Besides his
sister he leaves his mother who is near
" 80 years old.
! The funeral will be held at o'clocl
Friday afternoon in the UniversaIis
church The knights of Pythias vii
have charge of the service at the grave
The escort will be composed OF tn
Knights OF Pythias and the Odd Fellows
organizations. Rev F. L. Leavitt 0
Worcester. Mass, former pastor here
will oficiate Burial viii be in Oak Hi
cemetery.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1917-09-27
HENRY BOND HEADS
VERMONT BAPTISTS
Brattleboro Man Chosen President of
State Convention = Meeting Next
Year in Bennington.

RICHFORD, Sept. 27.-The report of
DR.. W. A. Dawson of Burlington, secre-
tary Of the Vermont Baptist conven-
ton, presented in the 93d annual meet
ing, paid tribute to the memory of the
late Dr. H. D. Holton of Brattleboro, for
mer president of the convention and
member of the executive committee
The work among the various churches
of the state was given in detail In
some cases permanent pastors have
been placed, others are being sup
piled temporarily, some have federated
with other churches and such action
is recommended in other eases One
pastor has resigned to enter the United
States navy. During the\ year G6
churches have been aided directly
The secretary has delivered 1S5
sermons, held 2S3 conferences, travelled
by team or automobile 6,536 miles and
by train 900 miles. 4 decided III
crease to the permanent and trust
fund was reported. The total received
during the year was $19,7 46.
There have been 6l6 additions to tho
churches by baptism, the largest mum
Der since 1876, and the total churcl
membership is 9,944, the largest sine,
1914. DR.. Dawson recommended the
employment of special WORKER
for Sunday schools and young people Z
societies. He also recommended tina
the convention cooperate with thu
churches in increasing salaries on TIL,
basis of dollar for dollar so that tn
minimum salary of any pastor in tn
the state should be 500 and house am
that with this object i'll view tn
churches be asked to contribute ST pc
resident member for convention worl
during the year.
At the meeting in the afternoon tn
following officers were elected by tn
state convention: President, Henri
Bond of Brattleboro; first vice pres
dent, L. B. Bailey of Burlington SEE
ond vice president, Mrs. John
Greenwood of Chester; clerk, Rev +,
H. Blackburn of Fair Haven.
The following officers of the Histor
cal society were elected: Presiden
Rev Henry Croker of Chester; vic
president, W. W. Stiekney; sccretar,
treasurer and librarian, Rev. w. H. De
Jardine of Saxtons River.
1t was voted to hold the next al
nual session in Bennington. Rev.