davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1917-04-13
Cereals, in Dizzy
Flight, Sell at
Record Prices
Lively Competition Between
Millers and Exporters for
Wheat Offerings

Chicago, April I2.-Amazine flights
took place today in prices for wheat
and corn. Demand for cash wheat was
so urgent. especially from export ana
milling interests, that May deilVery
rose lie above Yesterdays nnlsh' lar
surpassing all previous top records
The market closed excited at sc 70 "'2c
not advance. with May at 81 . = 70
Sis and July at $l.S9 to Sl8?'t.
Corn gained 6l4c to 7Ac, oats e TO = !
H27sc and provisions l5c TO 32c:
Persistent buying and lack Of oher-
ings characterized the wheat marAel
except during brief period at the out
set. when rains IN the Southwest tenn
porarily eascd down new crop deH'.
cries. Later, however, the attention OF
traders centred almost wholly on lndl-
cations of sharp competition between
ecaboard interests and representatives
Of domestic -four manufacturers. IN
this connection. II was SAID, exporters
are doing business on much larger
scale than current estimates wouId
imply. Rumors that foreign govern
ments were purchasing received special
notice. whereas reports OF peace moves
including word OF supposed oyertures
by Bulgaria, Tor separate leiul9 Scci''NN
to be completely ignored.
Highest prices OF the day IN the
wheat nit we're reached in the last ff-
teen minutes In the final transactions
the market reacted little, but nor
vousness was hardly any, If at all.
abated. Bulls contcnded that this
country had but Scanty supplies, the
movement of which was restricted by
lack Of sufficient cars, and that a world
scarcity OF breadstufs was now recog-
nized by all
Corn at first was the leader in the
inward movement of prices. Its ad-
vance was based on reports that scores
Of distillories would be exclusively
used for the manufacture Of denatured
alcohol, needed for military explosives.
There were also advices Of probable
broad demand from Great Britain for
corn shipments from the United States.
New-York tribune., 1917-04-13
Other Cities
lie Shipments.

Anthracite Shipments. = WllHes-
Barre, Penn, April l2.-In the ship
ments Of anthracite for March. 1917,
the collieries Of this region established
a new record with a total so close TO
100000 tons that 2J0 more cars would
have brought the shipments UP TO that
figure. The total actually reached was
G.os9.C75 tons, an increase over Feoru-
airy Of I,sl0,6i3 tons. or 35 per cent
and over March, 1916, o. 3Gl,12i tons.
or "A per cent. The highest record
previously made was IL October 1912
wnen 6.6o3.GO7 tons were shipped.
This record was exceeded BY the ship
mcnts for March by 306,OC5 tons.
New-York tribune., 1917-04-13
Relevant Facts

Rock Island Directors Of tho CHI
cago, Rock Island & Pacific Railway
Company. at a meeting yesterday, gave
formal expression of their approval OF
Z plan TO complete the reorganization
of the road by reincorporating under
the same charter. Stockholders are
urged to take similar action by the
Joint reorganization committee which
states:
"Under the plan it is optional either
TO reorganize under the present char
ter or to form new corporation. In
the former case statutes require sixty
days notice of meeting TO authorize
"a stock increase. The committee deems
II desirable to set this formality in mo-
tion so that the present charter may
be ready for use in the near future if it
should be decided to reorganize under
the same
New-York tribune., 1917-04-13
Money and Credit

Money on time continues firm, with
the tendency most pronounced In the
longer maturities. The whole money
market is now controlled by considera-
tions arising out Of the governments
huge financing programme. Banking in
stitutions arc Withholding offerings for
long periods, while there is no dis
position on the part Of borrowers 10
increase their commitments for any
maturities. Loans based on industrial
securities as collateral are now quoted
IN the local market az AZ TO A.. per
cent for six months, the highest rate
.n weeks. while for four months the
quotation is AZ per cent. Rates for
loans on mixture OF railway and in
dustrisl securities arc quoted slightly
higher at 3si 20 4 per cent for sixty
and ninety days, per cent for four
New-York tribune., 1917-04-13
Dividends

Eastman kodak.-Extra dividend Of per
cent on the common stock. payable June TO
stockholders Of record April 80.
Federal Sugar Refining Regular quarter,
ly dividend OF IT,. per cent on the preierre1
stock. payable April 50 TO stock oil record
April -.
Electric Bond 4 Share. Regular quarterly
di,idcrts of /. peg cent ON its preferred
stock. payable May 8 20 stock Of record ApIH
lN aud uf PEI ,eAt ON the common ',och'
payable April !, to stock oi record apr" ~
Superior Copper. Dividend Of 81. payable
April 80 10 stock OF record Aprl 10.
!. e.. Brill Regular quarterly dividend OF
per cent on preferred STOCK. payable May
TO stock OF record April y.
wayland oil 4 Gss.-Regular semi-snnual
New-York tribune., 1917-04-13
Thursday, April II, 1917

The rumormongers made a full
day Of it. For the most part move
ments of prices on the Stock EX-
change were influenced by a large
variety Of wild, unverifed reports.
The Street heard early in the
day that Germany was about TO
make peace overtures to this coun-
try. Subsequently report spread
that United States naval forces, op-
Grating Somewhere at sea- had
sunk two German submarines and
DESTROYED a commerce raider. As II
this were not enough for a single
day to satisfy the most voraclous
appetite, a rumor came from the
floor Of the exchange in the after
room before the close that the Kaiser
had been assassinated. The news
didn't reach the ticker, but neverthc-
less spread rapidly.
New-York tribune., 1917-04-13
Cal. & Hecla Earnings
Jump to 500 a Share
Average Received for l9l6Cop
per Output IS. .48c

On production OF 1916, ,24o pounds
Of refined copper last year the Calumet
& Hccia Mining Company, one Of the
richest producers in tho world, earned
s1OO.O1 share on the 100000 shares
of outstanding capital. according to the
annual report issued yesterday. This
compared With S63.53 a share earned
on the same stock In 1915.
The price received for the copper
produced in 1916 varied from 22ia cents
to 35is cents a pound. with an average
price of 25.48 cents. against 1911 cents
in 1913. Costs last year averaged ll.63
cents a pound. compared with 9.33 cents
in 1918 and ll.35 cents in 1914.
Dividends of SIS share were paid
during the year. calling for the distri-
button Of S7,5OO,00O, compared with S5,-
OOO. 900 in 1915.
New-York tribune., 1917-04-13
Dollar in Foreign Exchange

Exchange rates on London, Paris and
Rome declined slightly yesterday owing
to absence Of demand Dealings in the
whole foreign exchange market were
much restricted. Brokers are waiting
to sec how the United States govern
ment's financial plans to grant assist
ance to the Allies work out. Francs,
which were quoted at $50 to the dollar
Wednesday, closed at 5.71 yesterday.
Demand sterling declined j to $L75i3
Russian rubles were a small fraction
higher at 1915 cents.
Closing rates yesterday, compared
with a week ago, are given in the table
below. American bankers have sus-
pended all dealings in German and
Austrian exchange, so that daily quo
tations for either marks or kronen are
no longer available.
Wool
New-York tribune., 1917-04-13
News Digest
Foreign

British War Bonds Steadierr Lon
don. April 12.-Ihe effect Of the pros
pective issue of Treasury bills was
only temporary on the Stock Exchange
to-da, and the investment section dis
playcd renewed steadiness under fair
outside demand, the war loan touching
95Is. South American securities were
good, especially Peruvians. and ship
ping shares were supported from the
provinces. Some uncertainty was dis
plaved by Brazilian issues. In the in
duStrials American Marconls were
easy under profit taking. The low
priced American securities were IN re-
ouest at hardening prices and the
other shares in this section were
in marked sympathy with Wall Street.
The supply of money was plentiful,
New-York tribune., 1917-04-13
Elections

+. P. Tinsley was elected vice-presi-
dent OF the American International
Corporation at the annual election Of
officers Cecil Page and Thomas W.
Streeter were elected. respectively, sec
rotary and treasurer 10 succeed Mr..
Tiusley.
L. h. Sheridan. president Of the Al
lied Machinery Company. and Harris
ID. II. Connick. who was construction
expert of the San Francisco Exposi-
tion. were also made vice presidents.
New-York tribune., 1917-04-13

OF all the crop of rumors the day
brought forth, the one that held the
most interest was that having to do
with peace. Wall Street is in some
thing Of a quandary now as to
whether peace would he favorable
or the reverse, so far as its imme-
diate effect on stock prices Is con-
ccrncd. Every one admits that in
the long run the restoration Of peace
would be a good thing for the stock
market, but there is not so much as
surancc as to the immediate market
effect. However, it seems likely that
the market will have to adjust itself
to intensified war before it will have
to face peace. Conditions mean
while may change so radically as to
make speculation about that event
futile.
New-York tribune., 1917-04-13

sterling for $47Ja.. the intrinsic par
itv is s4S6ts per pound. Thus. you
say either that pounds are at dis
count or that dollars are at pre-
MUM, which is owing to the fact that
in England the demand for dollars
with which to settle accounts in this
country is greater than the demand in
this country for pounds with which -
settle accounts in England.
New-York tribune., 1917-04-13
Coastwise Lines
Double Profits
On 1916 Shipping
Atlantic, Gulf and West
Indies Subsidiaries Earn
$1O,OOO,O0O Net

Consolidated income account OF all
the subsidiaries Of the Atlantic, Gulf
and West Indies Steamship Lines, IN
Guiding the Clyde, Mallory and New
York and Cuba Mail steamship compa-
MES. shows operating revenues aGg7'-
eating S35,i75.969 in 1916, against
$2I.400,I74 In the preceding year. Ife
net income reached sl0.765, ,602, an in
crease of s5,559.5lG over 1915. The bal
ance Of s7,4SJ,672 after payment Of the
preferred dividends was equivalent to
s5O.O2 share earned on 1861
shares Of the holding corporation S
common stock outstanding, compared
with $l7.13 a share the preceding
year.
Galcn l.. Stenc, president Of 'He
company, in his remarks 10 stocHholL-
ers, says that during the year the
corporation sold two Of its ships for
$1,I46,OOO net. These vessels were
carried on the books a. S35s 900. SO
that the transaction netted profit Of
s7Ss, 900. During the same period the
company built seven new steamships,
costing over s2,7OO,OOO. OF these four
have been chartered 70 the Clyde
Steamship Company and two others TO
the New York and Cuba Mail Steam
ship Company.
New Vessels Ordered
Two additional freight vcssels,
costing <55OOOO apiece, will be de'iT-
cred October next. During the last
month the company has placed an or
der with the Newport News Yard cor
two large froighters, suitable for for
eign trade, for delivery in 1913, az a
cost Of approximately $1,25O,000 each.
When all Of these ships have been de-
hvcred the company will own feet
Of fourteen freight ships Of o7cr
$4,000 IONS dead weight.
Announcement is made that two
combined fast freight and passenger
steamships. costing approximately
sl,5O0,OO0 each, arc now being built
by the Cramp Yard at Philadelphia
for the New York and Cuba Mail
Steamship Company for service be-
tween New York and Havana.
Lines 10 BE Merged
Stockholders of the Atlantic. Gulf
and West Indies Steamship Lines will
be asked at the annual meeting on
April "a to vote on a proposal to con-
soldatc the present company with the
Clyde, Mallory. Porto Rico and Cuba
Mail Steamship Companies. The board
of directors approved such mercer
carly this month. The companies
named arc already controlled through
stocl, ownership BY the Atlantic Gulf
Lines.
New-York tribune., 1917-04-13
Western Trade
Unaffected by Poor
Wheat Outlook
Volume Of Business in Nebraska
and Kansas Is Well
Maintained
'spe-ih 70 Ths TIltl.sl
.Sioty CitV, Iona, April II.

Business conditions in Kansas and
Nebraska. so far. DO not seem TO have
been affected by the unfavorabIe out
look for the winter wheat crop. There
is a general consciousness in this part
Of the country that this year OF all
years. the future Of business viii be
shaped in A large measure by the com
irr harvest, and yet confidence IN the
situation is strong. and money is 30
abundant that buying in all lines keeps
up on a liberal scale. Business men
generally seem to be unafraid.
The check. ~ It comes. will be un-
favorable weather for planting ana
farm work. It will not be the fault Of
the men in the West this year II crops
arc not abundant. since everybody Is
planting something, from onions and
lettuce in the back yard to the greatest
acreage that has ever been seeded to
New-York tribune., 1917-04-13

In view Of the momentous develop
mcnts from day TO day. it is curious
that the stock market should re
spond to mere rumors which origi-
nate no one knows where and which
no one really believes.
New-York tribune., 1917-04-13

Below is given the current exchange
value Of foreign money in dollars and
cents, together with the intrinsic gold
parity, as calculated by tho United
States Mint:
New-York tribune., 1917-04-13
New York
S,ock Exchange Seats Low G

Stock Exchange Seats Lower.--Ihfee
New York Stock Exchange member
ships were sold yesterday for sol 900
each, a decline OF $4,000 from the last
previous sale. The purchasers were
George ". L. La Branch, Daniel W.
Gurnett and John r Ogden. Elmer H..
Bright and Edmund W. Nash have been
elected members of the Exchange.
New-York tribune., 1917-04-13

with 3l@ per cent the ruling rate. Dis
count rates we're steady pending the
issue Of Treasury bills. Short bills
we're quoted at Az and three months
bills at 4i2N45s per cent. Gold pre-
MUM at Lisbon, 81.
New-York tribune., 1917-04-13

Paris Bourse - Paris, April u. -
Prices were quiet and unchanged on
the Bourse to-day. Three per cent
rcntes. 81 francs 50 centimes for cash;
exchange on London, 27 francs 22 2
ccntimes; 5 per cent loan, So francs 45
New-York tribune., 1917-04-13
The Press Agent Wins

Now and then the press agent
does his work 50 we'll that TO refuse
recognition would be to withhold
from the world information Of in
terest to everyone, as for instance
the following:
PUBLIC UTILITIES IN POTATOES
"In order to assist their employees
i'm the high cost of living, Henry L..
Doherty & Co. are now conducting
a survey Of the various public utility
properties operated by them with a
view to occupying vacant ground IN
the raising of potatoes, to be dis
posed Of to employees at cost. The
Bureau of Plant Industry of the Dc
partment of Agriculture at Wash
ington has suggested that the work
when possible be done in connection
with farms on shares, and this solu-
ton is being considered when pos
sible. The Agricultural Depart
ment Of the State Of New York IS
going to detail an investigator on
this work. The Southern properties
report that it is too late for Irish
potatoes, but that sweet potatoes can
be grown successfully, and sold in
exchange for the ordinary variety"
New-York tribune., 1917-04-13

w York and other cities:

Sub-Treasury. - New York banks
los. TO Sub-Treasury S23o,555.
Silver Bars in London, 36's pence:
New York, 1874 cents; Mexican dollars,
So. cents.
New-York tribune., 1917-04-13
War Taken Calmly

The war is. Of course. the other great
factor in the business outlook, but it Is
so shroudcd with uncertainty that para
6ozically enough. the average dealer
takes IT with calmness and shapes hls
2ctions from day to day az events and
conditions may dictate. All sorts Of
prophccics are rife as to the probable
effect Of war on business. but none OF
them seem to have influenced action in
any way. because the business world
recognizes that it will be period OF
constant and changing adaptation 70
equally constantly changing conditions
Interest in war Of course goes deeper
than the thought involved in mere busi'
ness calculations. Inherently, the West
loves peace and loathes war. but be-
vond that is the matter Of fact rccogni-
tior of the supreme import Of the pres
cnt conflict and its tremendous mean
ing to tho generations yet to come.
No Price on Success
There is deep consciousness that
We arc confronting one OF those rare
crises in human history that demand
the utmost resolution, and that success
must be purchased at any price no
matter what it cost This feeling Is
one that does not seek expression IN
words, but it is ready to back W ITS
actions with all means in its power.
It is a feeling which is influencing
great many of those accompaniments Of
social and business life which VIC are
ant TO reckon as essential but which
need some trying and crucial moment
70 demonstrate as being merely the
suits and trappings Of more elemental
things.
New-York tribune., 1917-04-13
Current

The above rates express the cost Of
foreign money in terms Of the Ameri-
can dollar. You buy an English pound
New-York tribune., 1917-04-13

Following is comparison OF the de-
tailed statement with that Of the CORE
sponding week of 1876:
New-York tribune., 1917-04-13

United Railways & Electric Company
of Baltimore.-Reports for 1916 gross
earnings Of s9.9l4,O5l. compared with
$9,02s,144 in 1915. Net earnings were
$3,S55,559. against $4,sS5,4i5 the pre-
ceding year The balance Of S1,213I7l.
after preferred dividends, was equal TO
1896 share earned on the common
stock, compared with SO a share in
1915.
New-York tribune., 1917-04-13

Bank of England.-This weeks state
mcnt shows an increase Of 4240Io5 in
gold. while the proportion Of reserves
TO liabilities now stands at 1919 per
cent. against 1911 a week ago. Changes
i'm the principal items from last week
F,1fc,-.
New-York tribune., 1917-04-13

Bank of France. The weekly state
meut discloscs the following changes,
i'm francs:
New-York tribune., 1917-04-13
Brokerage Firm Pays Bonus. I'm.

ployes Of Chisholm G Chapman. IN ac-
cordancc with the firms profit sharing
plan, have received bonus equal TO a
two months salary. The bonls Is for
a sly months Dcriod.
New-York tribune., 1917-04-13

Prices on the exchange we're
.trong during the greater part of
The ,c,siou-the range was substan
TALLY higher at the closc-and this
was attributed by some TO the peace
rumors. but more plausible cx-
planation ascribed the movement to
the passing whims of the handful
Of professional operators making the
bulk of the market. The public is
sUll apathetic, at least 50 far a
actual participation is concerned.
New-York tribune., 1917-04-13

dividend Of 3 per cent or u, vr.,srd IS
payablc May 10 20 stock o. cn ~
also a dividend of : per ,es :, ,to<t
mon stock. payable June II
ord Juns ].
New-York tribune., 1917-04-13

Almost every one expects that the
Interstate Commerce Commission
will act fayorably upon the rail
roads application for higher rates,
though few anticipate that they will
get all they have asked for. If the
general expectation is warranted,
the future earnings Of the roads arc
assured. Yet in spite of the fact
that the average Of a group of high
Grade rails is now many points be-
low the high level of 1913, they still
play a minor part in the market,
contributing from day to day an
average of but little more than 10
per cent Of the total dealings.
New-York tribune., 1917-04-13

Official rates OF discount OF each Of
the twelve Federal districts are IS fo'-
lows:
New-York tribune., 1917-04-13

months and -. per cent for FIVE and
six months.
While banks are displaying less lib
crafty IN their offerings Of time funds
they have become more active lenders
in the call money market. which ac-
counts for the extremely easy tone
prevalent there. The ruling rate has
remained unchanged now for more
than a week at 2i4 per cent, despite
the declaration Of war. The inactivity
of the stock market is factor which
has worked to restrict borrowing oper-
ations on call.
Ruling rates on money yesterday,
compared with a year ago, were as fol-
lows:
New-York tribune., 1917-04-13

Hathaway Manufacturing Company.
This company, which manufactures
cotton and silk goods, its main plant
being located at New Bedford. Mass,
has declared a stock dividend of 100
per cent by increasing the capital
stock from 100000 to sl6OO.OOO
Yokohama Special Bank. limited
Reports for the six months ended De-
ccmber 81 last: Gross profits Of 3O,-
239,9I3 yen JSl51l9,956), against l9,-
5j9.O2l yen lS9,779,5lO) in the CORE.
spending period Of 1915. The balance
available COR dividends was 2,Os2 ,00l
yen tSl,0il POO, compared with l,19s,-
093 yen tSs99 9046) in 1915.
New-York tribune., 1917-04-13

-d4A AiNhNf , - l. = o
Time money (mixed collatcral):
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1917-03-03

From the Senate: Senate report of
the committee on appropriations and
financia! affairs on so much of the
Governors message as, relates to the
Budget system, reporting that the rec
ommendations of the Governor have
been followed Ivy this committee in re-
porting all matters referred for its con-
sideration, and that this document be
placed on file.
In the Senate, report read and ac-
cepted.
In the House. accepted in concur
renee.
From the Senate: Report of the COM
mittee on appropriations and financial
affairs on Resolve in favor of Hillcrest
hospital. reporting Ought not to pass"
In the Senate, report read and &C.
copied.
In the House accepted in concur
renee.
From the Senate: Report of the COM
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1917-03-03
BRINGS HUN MEDAL THAT
SIGNALIZED NATIONS JOY
OVER LUSITANIA MURDERS

The Lusitania medal which ap-
peared in German cities soon after the
sinking of the great Cunard Line
steamship. in which more than 100
Americans lost their lives. again be-
comes a thing Of marked interest be-
cause Of the likelihood that the Prus-
slams in the near future will have
struck off a similar medal to comment
crate the sinking of some American
ship.
The original Lusitania medal, was
brought to this country by Miss Ethel
Taylor. Of No. 554 Fifth avenue. New
York City There were reports here
at the time Of the tragedy that the
medal made its appearance in Berlin
even before the Lusitania had beeen
torpdoed by a murderous German u
boat commander, but the Germans de-
MED this.
This medal has been. struck in Ger
many with the object of keeping alive
in German hearts the recollection Of
the glorious achievement" Of the
German navy in deliberately destroy
ing an unarmed passenger ship, to-
gether with 1893 non combatants,
men. women and children.
On the diverse, under the legend
mo contraband" (Keine bannware),
there is a representation Of the Lusi-
tania sinking. The designer has put
in guns and aeroplanes, which, as was
certified by United States government
officials after inspection. the Lusitan-
ia did not carry. but has conveniently
omitted to put in the women and chill
dren. which the world knows she did
carry.
On the reverse, under the legend
Business above alr' (Geschaft uber
alles). the figure Of Death sits at the
booking office of the Cunard Line and
gives out tickets to passengers who
refuse to heed the warning against
submarines given by German. This
picture seeks apparently to PROFOUND
the theory that if murderer warns
his victim of his intention the guilt
Of the crime will rest with the victim,
not with the murdered.
The lettering on the diverse. diEect-
ly beneath the representation Of the
vessel sinking. reads: 1.-THE great
steamship Lusitania sunk by a Ger
man submarine May 5, 1915"