davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-15
Finance Economics
Telephone:
Hanover 6JlA

whole industrial fabric when peace
is restored.
And even the stock market is in
better position to withstand the
"shock of peace" than it was a while
ago. That is not to say that there
will not be further reactions when
the hoped-for event at last comes
to pass, but any one who expects
the general level of industrial stock
prices to slide down to the pre-war
level is more than likely to be disap-
pointed. Wall Street has long boast
ed that the stock market discounts
events in advance. That process
was at least we'll started when the
German government. in writing the
note proposing peace negotiations,
incidentally wrote the obituary of
the boom in war stocks.
One might go on endlessly record
ing the infinite list Of factors which
tend to prove that we are
so situated as to bear with n mini
mum of discomfort any pressure that
American business may have to sus-
tain. but what has been said will
suffice.
Though it is wise to make ready
for any unfavorable developments
which may come, there does not APP
pear to be much cause for alarm.
And, no matter what happens, we
shall emerge from the war period
with advantages which could not
have been acquired in the ordinary
course Of events for many years.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-15
CANADA MAY BUILD UP
MERCHANT MARINE

A shipbuildng industry may be e'-
teblished in Canada this year. says
"The Monetary Times" The Canadian
government. with a view 10 granting
aid 10 this industry. has obtained Of
fers for the building OF different
classes OF ships, but these were un-
satisfactory. A subsidy equivalent to
the difference in cost of construction
as between British and Canadian ship
yards appears to have been under con-
side-ation. A. present, however, prices
arc nj such a high level rs to make aid
on that principle unsatisfactory. This
is one of the difficulties at present un-
der consideration by the government
which promises to bring before Par
lament a measure for the encourage
meut OF shipbulding with a view to
increasing the available tonnage. Ac-
cording to the Deputy Minister Of
Marine and Fisheries. the average
value of the vessels on the register OF
the Dominion ct the end of 1914 was
$50 ton, and on this basis the value
Of the net registered tonnage of Can
ada at that date would be S27.972,66O.
The new tonnage constructed in 1917
was 1896 tons, valued at $40 a ton,
or S1.950,57O At present Canadian
shipyards in Quebec, Montreal. Col
lingwood and at other points are busy
but only at Collingwood are CONNER
cial vessels being built
British Columbia has already enact
cd legislation TO encourage the build
ing and operating of British Columbi a
ocean carriers. This measure provides
for the lending Of 80 per cent Of the
cost upon vessels hereafter built in
the province and used exclusively in
carrying products 70 and from British
Columbia ports. The loan shall not
be for more than 80 per cent of the
ascertained value of the vessel, con-
struction Of which shall be commenced
and completed within twelve months
Of the coming into force of the act,
and used for the carriage OF freghts
upon ocean routes. Loans are to bear
interest at the rate OF 6 per cent,
payable half yearly.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-15
COLT DISCUSSES u. S.
RUBBER FINANCING

Colonel Samuel p. Colt, president OF
the United States Rubber Company
has issued an Official statement bear
ing on the financial position OF the
corporation. the common stock OF
which broke points Saturday. He
says, in part:
81 have been informed that the sell
ing was due 10 hssty reading and
misunderstanding Of one or Two para
graphs in the letter Of the company
to the bankers in connection with the
S60,O00000 new per cent first ana
refurding bonds Of our company.
ut is clearly set forth in the letter
that. with the proceeds Of the new
bond issue fully applied to the ac-
counts Of the United States Rubber
Company and its subsidiaries, the
quick assets. over and above all LA
biities. az Of October 81 last other
than the new bonds and the undls-
turbed issues Of the General Rubber
Company and the Canadian Corsoli-
dated Rubber Company would have
been S8l 1863, 4O2, and the same condi-
tons prevail to-day.
"The statement Of earnings in the
letter, for the fiscal year ended De-
comber 81 last, showed net returns Of
s12,5OO,OO as compared with SILL
539,313. for 1915. The facts are that
the 1916 earnings applicable 70 the
common stock were nearly double the
highest rate Of dividend ever paid on
the common stock. which was per
cent. 1t is evident from this showing
that there can be no question about
the continuance Of the preferred diyi-
dends, and. Furthermore, that, even
with only normal conditions. the com
pany will be able to earn a substan-
tial return on the common stock.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-15
New Edison Company

Orange. y. j.. Jan. IA. For the pur-
pose Of manufacturing phonograph cab
inets a corporation 10 be known as the
Wisconsin Cabinet and Panel Company
has been organized with a capital Of
100000. Thomas A. Edison has been
chosen As president Of the new com
pany, and his son. Charles Edison, is
chairman Of the board of directors.
The principal Office will be located at
the Edison plant, in West Orange.
while the factory will be located at
New London. Wis.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-15
Another Lesson
In Speculation

Wild speculation in war stocks is
over, in the opinion Of the First Ma
tional Bank Of Philadelphia.
The terrific losses sustained by spec
ulstors through the unprecedented
liquidation of securities in the last
three or four weeks, this institution
says, have been of real value in en-
phasizing the hazards Of an abnormal
situation. 1t maintains that:
Such reaction was bound to come. al
though il is always difficult TO convince
people who are specializing in sunshine
that hailstones and thunder showers arc
possible This development has brought
tho whole nation 10 its senses. in emphs-
sizing the truth that what goes up must
come down. The inherent strength OF the
situation was shown by the absence Of
failures and the slight effect upon interest
rates.
Continued inflow OF foreign gold is
strengthening the reserve position OF the
nation, but adding materially 10 the dir
fculties Of avoiding imitation. The indica-
tons are. however. that interest rates will
rule somewhat frmer. but there viii be
plenty Of losnable funds fo- legitimate
borrowers. II would be absurd largely TO
increase the supply available for borrowers
upon speculative collateral. The day Of
war-share exploitation has passed. The
indications are that IL will not soon. II
ever. return. hopeful sign has been the
admirable strength OF the bond market
This has been quite as pronounced As the
weakness OF the war shares The public
is leaving stocks. promising large Yields.
and putting its money into bonds. where
the safety Of nrincinaI "a ..suroJ
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-15
Norway's Shipping Investments

The capitalization OF shipping COM
panies formed in Norway in the first
nine months Of 1916 is placed At SAB
$4,000. Consul General T.. Ilaldeman
Dennis. writing from Christiania, also
reports the formation OF the follow
ing companies in the ninth months
period ended September so: Banks,
S17 .52S,O00; industrial companies, 49,
40S, 1000; mining companies, S2,139.000;
insurance companies. A,325O0O; other
commercial enterprises, S3,315.o00 In
addition. S6,16i,000 have been invested
I'm public loans.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-15
Chile to Engrave
Own Bank Notes

The CHILEAN government has estab-
lished works for the manufacture Of
bank notes, paper currency, postage
stamps, etc. The machinery was OBJ
tanned in England, under the advice
Of Thomas Macdonald, technical expert
OF the Bank Of England. The govern
ment will not now be required to buy
its notes and stamps from the United
States as hitherto.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-15
New Firm Member

Franklin A. Plummer. who has been
member OF the Stock Exchange since
1913, has become a member OF the firm
Of William c. Sheldon & Co.. of II
Broadway, and. beginning this morning,
will be the representative Of that firm
on the floor Of the exchange. The
present members Of William c. Shell
don & Co. are George r. Sheldon. for
mer treasurer of the Republican Ma
tional Committee; William s. P. Prem
tice and William c. Sheldon.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-15
DISSOLUTION NOTICE

NOTICE IS HEREBY GTvES THAI .,r Ss
co-partnership lately eNs,l1k seans
Clarence Z. Chapman. idoyd ,H.,oissd -
S sne isth Gina dav Of January by nlutg.,is - =
sent. An dsbts owing to ne az 4
said co-partners and al demand. ' soy =
partnership are 90 be presented ipsrossl
said partners az Nassau Wy saf
OF Uhom Is authorized 10 settle ="
due 10 and by the said hrm. 80. al;
Dated. New York January ls,.puAN
CLARENCE d ,hei
LLOYD W. SEAMAN
ARTHUR % BALLAhlN
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-15
Co.pARrNERsHIP NOTICE

CHAPMAN. CARMAN ~ usrsfr
OF Nov York stock fA..
'N"" New YORK.. January l'.n.,. ~.
The undersigned bes 30 a'.,s,, snir
they have formed a. 90 p'fin.''F
the firm name - my 4 20.
CHAPMAN. CARMAN \ '..sirts
10 carry on = geueral infe''.' --,-ri sos
and the purchase ana -ai'' ''
OF stocks and bonds -ty,pvAN
LOUIS p. CARMAN.,n
ARTHUR d. BALLARD
Telephone Rector $50.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-15
FINANCIAL MEETINGS


THE NNNTAL MEETING. OF ss bs.f r
boidsrs ~ this Compsn, s.c'st
the g.nd dav ~ January. "a he er
poration. 81 Wall stree. NeN, .i-'.i-s .
SS2 s% York for the purpose OF ~. i, ~
,, I'M siections of stockho.der' UTE ,s.,s
ensuing year and receiving al ~
upou the reports ot mo .'-ss,
-. ,ra,sarfion % such other 9ls-s
sne s,ne-i, come before The meeiN'
D''N'' TOiIs n srEIE. -ecre>
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-15

The Chinese Postofice dealt with
77S.000,OO0 articles OF mail matter in
the year l9l5-an increase OF 10000. 900
upon the figures for the previous year
over 100000 parcels we're transmitted,
and the total value OF the money orders
issued va. over s25,OO0,O00
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-15

A bill has been introdced in the Aus
tralian Parliament making provision
for women domiciled in Australia 20
marry soldiers at the front. The bill
was desired By several Australian
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-15
ReAexes Of War

The "Berliner Tageblatt7 calls at
tention TO the announcement OF fur
ther increases in the capital Of various
Austro-Hungarisn banks, saying that
this IS mo accident" but due to "thc
well considered intention Of creating
the resources for the new tasks in the
East" The latest increases OF capital
are on the part Of concerns which have
recently been linked onto the Aus
trian Creditanstalt and the Vienna
Bankyerein, to form a new "Austro-
Hungarian Orient group" This il
syndicate which is said, in the first
place, to be concerning itself exclu-
sively with concessions of all kinds in
Turkey, while the members Of the
group retain freedom with regard TO
current banking business and the es-
tablishment OF branches OF their banks
in Turkey. The syndicate has entered
into agreement with the House OF
Rothschild and is said to have been
already very active in Turkey.
New proclamstions issued by the
German government on Christmas Eve
put an end to all ordinary trading in
secondhand clothes, underclothing and
boots, and establish a system of boot
tickets The old clothes business is in
effect transferred 20 the local authori-
ties, and they arc required to hand
over to the Imperial Clothing Office
all parts Of uniforms, one-third Of the
clothing or boots which they buy. and
all purchases OF clothing or boots
which cannot be repaired for further
use. Ordinary boots and shoes will in
future be obtainable only by tickets,
but il is provided that luxury foot
wear" description which includes
various kinds Of patent leather and
other ornamental boots. dancing shoes,
slippers and riding boots partly made
Of patent leather-may be purchased
on exhibition Of a certificate that the
purchaser has sold or given away a
pair of shoes or boots with real leather
soles which has been worn but is still
wearable.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-15

womcn's organizations on the ground
that the duration of the war was great
Is disturbing the normal course of en-
gagements 1t was argued that pro-
longed absences made for uncertainty
and that immediate marriage, where de-
sired would make the position of the
woman secure and entitle her to the
usual separation allowances. Very
many hundreds Of Australian soldiers
have married English girls while in
England. A desire was expressed also
by soldiers. who did not expect to be
away from home so long when they en-
listed. The example of the French law
was much quoted in the controversy.
The japanese are not great bread
eaters, on account Of their dislike for
butter, but By degrees the consumption
is increasing, as their children are be-
ing taught to eat bread after it has
been slightly sweetened with n coating
OF syrup. However, Consul General
George II. Scidmore, at Yokohama, re-
ports that japanese dealers are not
importing much -four from America at
present. because the war has made the
price almost prohibitivc.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-15

New Zealsnd's war expenditure is
now 81, o00. 900 q month.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-15
Must Watch Changes Closely

Every business Of pith and moment
and wide. extended interests must nee
essarily take some thought Of the NOR
row, especially if that business be a
manufacturing one, with much capital
invested in a plant which a radical
change in demand for the articles it
makes may render entirely worthless
There are many millions OF dollars in
vested and many thousand men en-
ployed in the manufacture and sale in
this country of what are known as
sporting goods" comprising principal
ly the implements Of hunting and fish
Ing. The future OF such business de-
ponds entirely upon the existence OF
wild game and fish. This study Of such
future is beset with most complex and
conflicting problems, which illustrate
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-29
HELP WIN THE WAR.

Old clothes are valuable VIII
buy old clothing. furniture and 9TH
er articles TO sell for the benefit of
Red Cross and Y. w. c. a. call Mrs.
Ella Sholly. 33S y. Olive e. Home
1926. ADV 277-tf
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-29
AT THE AUDITORIUM.

Men of the Desert" featuring
Jack Gardner, is shown at the Audi
forum today. Some of the most
sanguinary feuds in America have
been fought out, not in the noun
tains of the south, but on the deserts
of the great west. where cattlemen
and sheep me- often dealt out
death to each Cti Ter. Such a feud
is in progress between the men OF
the desert when Jack, a nomadic
cowboy. wanders into the scene. lie
is outspoken against the outlawry,
and the sheriff, in jest, hands him
his badge and asks him if he can
90 any better Jack accepts the
challenge and arrests one Of the
most recent slayers. The latter =
companions Immediately storm the
jail and rescue him and in the fight
Jack is desperately wounded. lie is
found half dead by May, a girl of
the ranch. who hides him in an isO-
lated hut while she nurses him back
to health. He is attacked again by
the feu6ists but he and the girl
escape.
Love. Laugh and Lather." a two
reel comedy, and the Pathe news
Of the latest events of interest are
also on the bill. On Sundays bill
are Billy West. impersonator OF
Charlie Chaplin, in a two-reeI COM
edy. The Hobo "One Dollars
Worth" a two-reel picture from o,
Henry's story. Mutt and JEFF; The
Red Ace" the thrilling serial, and
the Pathe news.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-29
BALL MAGNATES DISCUSS
EFFECT OF RAIL CONTROL

CHICAGO. Dec. 29.-OmciaIs of
the two major league baseball clubs
Of this city Friday discussed the
probable effect government control
OF the railroads would have on
spring training and the regular
schedule OF games during the sea-
son.
While radical changes are look
ed for by the baseball men in hand
ling the teams on the part of the
rSilrcdds. il was said that the new
order of things would not seriously
disarrange plans OF the Chicago Ma
tionals 10 condition in Pasadena.
Cal. or curtail the training trip Of
the White SON in Texas.
Railroad traffic officials who are
Interested in baseball pointed out
that the players may experience
some Inconvenience on Ions jour
neys, as the number of passenger
trains and sleeping cars i'm all prob
ability would be reduced and in
many instances dining car service
curtaned. eating ratons being sub
stituted.
The question 81 rates was dis
cussed but no one was able 70 say
whether the teams would continue
~ receive the benefit OF party rates
or would be compelled 20 pay fun
tariffs.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-29
U. OF P. CHESS PLAYERS
WIN RICE TROPHY
4 x X X X X X X = X X X X X

NEW YORK, Dec. 29.-Chess
players of the University of Penn
sylvania, by defeating the team rep
resenting the College Of the City of
New York three games 70 one in
the final round of the 18th annual
tournament of the Triangular Col
lege Chess league Friday won per-
manent possession of the Rice
trophy Pennsylvania has won the
trophy three years in succession.
The standing Of the teams in the
tournament was:
Pennsylvania, ID 20 ID: City
college. 1 to 1; Cornell, - TO
I 1-2
The suggestion of Column bia
Harvard, Yale and Princeton To play
a match on 10 boards in New York
in January or February was accept
ed.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-29
URGE ATHLETICS
Be MAINTAINED
College Heads Endorse ReSO-
buttons to Continue An
Sports.

NEW YORK. Dec. 29.-That ath-
ietics In every form conducive TO
preserving all that y stimulating
and productive OF physical develop
ment among the students in Amerl-
can college should be encouraged
and maintained was the unanimous
opinion OF the delegates 20 the 18th
annual convention Of the National
Collegiate Athletic association.
which was held here Friday.
Col Palmer r. Pierce, u. s. 3,
president Of the association, presid-
ed at the three sessions. the last
OF which ended near midnight and
representative Of more than so
universities and colleges took part
IN the discussions during the day.
Letters from Sec'y Of War Baker
and Sec'y OF the Navy Daniels were
read at t'-e afternoon session and
tonight by a unanimous. the follow
ing recommendation were adopted:
Resolved. That we recommend TO
all educational institutions collegi-
ate and secondary:
"First. that athletic sports be
made subservient to the work Of
military preparation. and be made
therefore an essential factor in mill
itary training.
Second. That intercollegiate and
lnterschOlastic schedules be arrang-
ed for so long a time and so far as
national and local conditions permit
and that all possible encouragement
be given 10 the development OF in
tra-mural sports with view 20 pro-
noting the participation Of all stu
dents.
Third, That professional coach
ing and expenses incidental there
10 be reduced 10 a minimum
Fourth. That there be no pre-
season coaching or practice. no
scouting except at public inter
collegiate contest and no training
table
Fifth. That the number OF Off
Gals at intercollegiate games and
their fees be kept as low as pos
siblc
sixth. That this association re-
afirms its belief in the eligibility
rules which it has already endorsed.
including the freshman rule. and
therefore recommends that there be
no lowering OF eligibility standards
during the present crisis"
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-29
"OA Lady 81"

Sweetly Old-fashioned, with pi-
quaint flavor and gentle humanness
spread all through it, the offering
at the Oliver theater last evening
is one which those who seek a
breath of freshness in the drama
dare not miss. IL is fortunate for
South Bend theatergoers n odd
Lady 81 Rachel CrOthers spark
lingly human little comedy, is 10
be presented again this afternoon
and evening. This fact accounts
for the unfortunately small audience
at Friday evenings performance.
Today's audiences should be larger.
II is a long time since any play
which dips so deeply into the heart
springs of emotion has been pre-
scented at the Oliver. In plot it is
unique, in Characterization rare, the
settings faithfully, and one feels
justified in saying. tenderly. old
fashioned. and the spirit that per-
yades the whole production binds
il into the most appealing little
comedy ina ginable.
Emma Dunn, in the lead as Angie,
and Ray l. Royce. as Abe. are re-
sponsible for two fine bits Of char
acterizatiOn. Both are given plenty
of opportunity and not e few Of the
finest effects are due To- the skill Of
these two players. VINO in reality
are co-stars. for Royce is no less
ckilful with his opportunities than
Miss Damn.
The entire supporting company is
admirable. a vivid piece of char
acter work is presented by Viva
ogden in the role OF Nancy. the
spitdre spinster. and Mrs. Norris.
Miss Sinclair. Miss Bates and May
Gayler are equally successful in ere
ating very amusing as we'll as very
human personalities. Marie Pecheur
and Irving Mitchell were very con-
Nincing ami interesting young lovers
and Louis Fierce and Thomas
Shearer fitted in admirably If one
is thinking Of seeing a play. WELL
he ought net TO miss "Old Lady 81"
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-29
HELD FOR USING MAILS
IN RACE TIP SCHEME

NEW ORLEANS. Dec. 29.-James
r. Cotton of Galesburg. H.. arrest
ed here by postofiice inspectors.
charged with using the mails TO de
fraud i'm an alleged horse race tip
ping scheme. Friday was held under
$1,000 bond by United States Com
missioner Browne for trial i'm feder-
al court. Postal officials charged
Cotton forged the names of G. Win
frey and j. b. Goodman, horse own
ers now racing al the Shrewsbury
track TO letters sent 10 persons in
various parts of the country offer
ing TO sell tips" on horses racing
here.
The stewards of the Shrewsbury
track today ruled Cotton off the
turf for life
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-29
At THE OLIVER.

Where there's a viii there is "a
way TO do your bit for your coun-
~, however handicapped by lack
II opportunity many a person may
seem to be. Sometimes such heroic
achievements are brought TO light
II people who seemed so little able
achieve that the rest OF us are
iogged into activity. The latest case
n point is that OF d little French
-irl Marie Pecheur, who. with no
other asset than knowledge OF
English and a good pronunciation.
-ook upon herself the burden Of
airing for a crippled soldier who
spoke her beloved French and who
-ound himself homeless and help
-. --io,.. ..-I.inl Il