davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25
The Trade Outlook

"Dun's Review" says: Actual and
prospective regulation Of COMMODITY
nriees has remained the dominating
factor in many industries and IN
securities markets, and in certain raw
materials and manufactured products
decisive readjustment has resulted
from other than official action. In con-
trast to the former rapid and practi-
cally general upturn, more recesslo1s
than advances now appear in wholesale
quotations, and the possibilities OF fur-
Their downward revisions enter largely
into calculations. Where continued
Welding is foreshadowed, either be-
cause of accumulations Of supplies or
for different reasons, buyers are not
disposed to operate except at conces-
sions by sellers, and where there is un-
certainty as to the changes to be ell
fected, as in steel and iron, new pusi-
ness is still waiting.
Increasing caution in entering upon
forward engagements has become
more conspicuous feature; yet the
abatement of the rush TO CONTRACT
ahead at almost any figure has mace
the situation more wholesome, and IL
is an indication Of confidence IN the
future that comparatively few canceiia-
of orders are reported. With the crops
turning out better than previously
seemed likely, and with farm staples
bringing highly remunerative prices
the purchasing power in the agricultural
regions shows no diminution, and in
the large industrial centres it is well
sustained by full employment Of labor
at record wages.
"The scarcity Of skilled hands, and
the strikes at scattered points, still act
as a brake on manufacturing, and the
chief problem confronting most produc-
ers, as it has been for some time, IS
the difficulty Of making deliveries with
the desired promptness. Improvement
in transportation conditions has faclli-
tated shipments and gross railroad
earnings, 1877 per cent in excess OF last
years for two weeks Of August, reflect
the heavy volume of traffic, while bank
clearings continue 10 set new prece-
dents for this period"
"Bradstreet's" says: Cautious buy
ing, governmental price-hxing, export
embargoes, more or less economlzlns
on the part of the public, high prices,
labor unrest, and shifting Of demand
from ordinary to war lines do not ad-
nit of regular business having keen
edge. Bat, despite this or that un-
settling element, the broad swing is
toward progress, and trade news GER
tainly is more favorable than other
wise, while crop reports keep getting
better, and industrial activity is as
marked as ever, with collections rang
ing from fair 70 good.
Numerous markets have witnessed
the presence of large numbers of visit
ing buyers, whose purchases of staple
articles have rendered house trade
more active, especially at centres that
cater to the crop-growing regions, and
in this respect the West overshadows
the East. Incidentally, the consensus
Of opinion is that for the coming fail
trade will be Of large proportions, and
at the same time orders for goods that
are essential to the holidays are COM
| ing out"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25
Bethlehem Steel
Will Issue 8 P. G..
Preferred Stock
Bankers Agree to Under
write Block of $50, 900, 900
to Provide Working Capital

Details of financial plan for the
Bethlehem Steel Corporation, under
which s3o,0OO,Ooo new working capital
will be raised to aid the company in
completing government contracts, were
agreed upon yesterday between rep
resentatives Of the Guaranty Trust
Company, the Bankers Trust Com
pany and ]. & W. Seligman & Co.
This group Of bankers will act as the
underwriters Of the offering.
The plan, which will be presented to
the Bethlehem Steel board of direct
ors, at meeting on Monday for ratifi-
cation, calls for the issuance of $780,
100000 new 8 per cent cumulative
preferred stock. This will be convert
ible into the present Class B common
stock, at SIS share, and will be Of
fered to both the Class A and COM
mon stock holders at par. There is out
standing S45,000,000 of the Class B
common stock, and sl4,s62, 900 Of the
Class A common stock. There is also
an issue Of s14,90s,000 per cent nom
cumulative preferred stock.
Will Take Priority
The new preferred stock, therefore,
will take priority ever the existing is
sue. It is expected that in the plan
for offering the new stock a clause will
be incorporated so that control of the
Bethlehem company will remain with
Charles NJ. Schwab and his associates.
This was done in January, when the
directors adopted plan providing for
an increase in the common stock from
S15,O0O,000 TO s6O,0O0000 by the dis
tribution Of 200 per cent stock divi-
dend and the offering of the remaining
S15000,0 900 to stockholders at par. The
new Glass B common was the same
as the old, except that it does not
carry voting power.
To Strengthen Finances
Bankers connected with the new
financing plan explained yesterday
that the Bethlehem company was not
in immediate need of funds, but that
is wished to place itself in strong
financial position to take care of
large amount of expected government
war contracts.
When it first began to be rumored in
the financial district that the company
was contemplating new financing the
Class B stock sold around 100. 1t
closed yesterday at 110s.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25
New York

Guayaquil & Quito Railway.-Judge
Augustus n. Hand, of the Federal Dis
trict Court of New York, yesterday
dismissed the suit brought against
Speyer e. Co. and the United States
Mortgage & Trust Company by Erskine
Hewitt on behalf of himself and all
other bondholders of the Guayaquil &
Quito Railway The action, which was
filed on January 2, 1899, was designed
to impress lien upon moneys in the
possession of Speyer & Co. The litiga-
ton grew out of contracts made by the
government of Ecuador in 1897 and
1898 for the construction Of railroad
from the port OF Guayaquil, in that
country, to Quito. In Diminishing the
suit Judge Hand said that the COM
plainant must seek relief ain the tribu-
nails Of Ecuador, where the contract
was made, or by diplomatic interven-
ton"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25
Dividends

Railway Steel Spring.-Regular quarterly
dividend of IA per cent on the common
stock. payable September % 10 stockholders
OF record September IS. and regular quarterly
dividend of ia per cent the preferred
stock. payable September 20 to stockholders
Of record September 5.
Yukon Alaska Trust-Regular quarterly
dividend of 81 on shares OF beneficial inter
est, payable September % TO stockholders Of
record September Z
General Chemical.-Reguar quarterly divi-
dend Of ! u per cent on the preferred stock
payable October ! 10 stockholders Of record
September is.
Childs Company.-Regular quarterly divi-
dends Of ia per cent on the preferred and
IL per cent on the common stocks, both
dividends payable September 10 TO stockhold-
ers Of record September !.
American Gas.-Regular quarterly dividend
Of per cent payable September l TO stock
holders OF record August p.
Standard Gas & Electric.-Regular quar-
tery dividend Of y per cent on the pre-
ferred stock, payable September Is 10 stock
holders of record August 81.
Pennsylvania Water & Power.-Regular
quarterly dividend Of a per cent, payable
October l to stockholders of record Septem-
Der 10.
Globe Soap.-Regular quarterly dividend Of
IL per cent on the common first, second and
special preferred stocks. all payable Sept.m-
Der 10 10 stockholders Of record August 81.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25
News Digest
Foreign

London Market Strong.-LoNDoN,
Aug. 24.-The stock market had good
tone to-day Bonds were wanted, and
the demand equalled the supply. Colo
NAL bonds eased off following the offer
ing of the new Australian f4,500,000
512 per cent debentures at 9Sh. Bra
lillian issues receded, influenced by the
rate of exchange. Argentine naviga-
ton stocks are strong, and it was Off
cially stated that Argentine owners will
dispose of their holdings TO Allied in
terests. Aluminium and Oriental Tele-
phone shares were buoyant, Mexican
railways advanced Argentine rails
strengthened and oils were active.
Paris Bourse.-PARIS, Aug. 24.-The
Bourse was calm to-day and prices
were unchanged. Three per cent rentes,
90 francs 80 confines for cash. Ex-
change on London, 81 francs IS CEN
times. Five per cent loan, 81 francs
so centimes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25

Wall Street was decidedly more
cheerful after it had read the morn
ing paper, partly because of the de-
feat of the La Toilette amendment to
the tax bill, but more because of the
Presidents liberality toward the an
thracite producers. Traders are now
hopeful that similar iberality will be
displayed toward the copper and steel
makers, which accounts for the fact
that these issues were almost as
strong as the shares of the anthra-
cite roads.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25
Little Demand for Wool

BOSTON, Aug. 24.-"The Commercial
Bulletin" will say tomorrow: Demand
for wool was comparatively light dur
ing the last week, although prices were
firm. Doubtless the fact that the gov
eminent has reached the purchasing
point has had a queting effect, al
though it probably is true that the
mills generally are we'll covered against
current needs.
"The mills report fair business on
light weight initial orders and this
business has been reflected more or
less in the yarn and tops markets.
Buying in the West has been both scat
tered and limited"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25

cable communication with that country
was shut off, brokers expressed the
belief that the days fluctuations we're
mostly unrelated to any actual COM
mel cial transactions.
No changes of Importance were re-
ported in rates of exchange on other
countries, business being on the same
restricted scale as it has been all week.
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 quota
tons for either marks or kronen are
no longer available.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25
The Dollar in Foreign Exchange.

Spectators sold rubles early yester-
day, believing that the news from Rus
ia would have a tendency 20 weaken
the position Of that country ex-
change, which II did; but the rate sub
sequsntiy recovered somewhat on the
announcement that the United States
had made loan Of 800, 900, 900 20 tho
government at Petrograd. A. all deal
lngs in rublss are now subject 20 cen
soYship By the Russian government and
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25
Friday, August 81, 1917

In view Of the drastic reduction Of
luminous prices, the schedule
named for the anthracite producers
came as a decidedly agreeable sur
prise. Instead Of great cut, which
had been expected, the situation was
left much as it was before. Since
Washington has repeatedly asserted
that the government intended to fix
rrices which would be fair to pro-
Queer and consumer alike the con-
clusion is that the anthracite oper-
ators were not only holding prices
down to a fair basis, but were
actually so jealous Of the consumers
interests that for some grades of
their product they were asking less
than a fair price. The prices named
by the President were practically the
same as those which the operators
have been charging, and in one or
two instances they are higher.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25

Naturally, the market responded
favorably to the news, with the coal
ers, which have been very weak Of
late, leading an advance embracing
nearly all the active stocks. While
the volume of trading was but little
more than half as large as that re-
ported for the preceding session,
there was a notable absence Of
liquidation, such as was encountered
Thursday.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25
DIVIDEND NOTICES
c,x,Sr. COPPER Co

TIL. Board OF directors Of the 1,
Cananea Copper Company has oe,s csp.
dividend % s. 90 per share upon, "a p,f
ital Stock OF the par value OF "a d,
share. payable on August -, "a AZ ths
close Of business At 800 oe.eek .,Yriia.sd
wednesday, August IS. 1917. I hs .in,s
is PAYABLE only upon the $4,000 sh i.t Al
which the Capital Stock Is dl..,.S TIER
stockholders who have not eon nn - yslgs
should do so without delay IN orusr sty.
they may receive their divideno yns,l
The transfer books will not ~
New York, July IS. 1911, --..ursf
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25
Russia Boosts Railway Rates

The Provisional Government at Pet
rograd has decided to increase passen-
ger tariffs on the railroads so per cent
and freight tariffs 200 per cent.-Com-
merce Report.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25
.na
FINANCIAL MEETlNdS

THE ANNUAL MEETING os Iii -
b.IS az The otficss Of the COMPANY 70 ,iis
West sam street. Manhattan, on "a n.
day OF september, 1911. al II o'eloSnn, ,se,srs
for the purpose OF electing nNe ,ch stssr
OF the Company and transseuhs s.sers ~
business as may legAlly eoh''
Tn, transfer books will Be close .esssa
o'elock September 7th. 1917, ana hit
AZ IL o'clock noon. september is..ssss.
W. K LOwTHER, sso
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25
Current

The above rates express the cost OF
foreign money in terms OF the Amerl--
can dollar. You buy an English pound
sterling at, say, s4.75h. The intrinsic
parity is s4.S65s per pound. Thus, you
say either that pounds are at 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
err 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, 1917-08-25
ANDREW J. MecoRM,l.A.ccKE:. Agf.l0''"

ANDREW J. MCCORMACK, Avetioa'"
REGULAR AUCTION sALb
STOCKS AND BONDS, sox
BY ADRIAN II. MULLER so''
OFFICE no. 55 WILLIAM 81.
WEDNESDAY. AUGUST 20, III"
at 1880 o'clock, az the
EXCHANGE SALESRo0a;sr
NOS. IA AND IS VESEN sIkbE"
For Account Of Executors ,,
20 shs. United Railways
Co. common. ,Nu.s,l.
phia prefd. psu..,l.
:5 shs Taxi Service CO. OF fhi'
phia common. n.,ost
10 shs New Maiden Lane sais wv
Co. r....,-
For Account Of Whom II May C'1cs oys.
s25, 900 Lehlgh Power Securltes
Coll Trust GO Bonds ls.. c,,Oa
$50 shs. Lehigh Power SecurItes ,,,N
60 sbs Indus,rlsl Finance Corpn p,,
5000 shs. Tennessee Lumber O'''
Corpn. common.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25
Bonds

Trading in bonds on the New York
Stock Exchange Friday amounted to
s2,s71,ooo, against s2,462, 900 Thurs
day, s2,3sl,O00 a week ago and s2,64l.-
900 a year ago. From January | to
date, s622,4S2,oOO, against s676, $4,000
in 1916.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25

Commercial Paper.-The market was
quiet, the banks restricting their pur-
chases to trade acceptances and com
mercial bills maturing at early dates,
and thus being available for rediseount
at the Federal Reserve Bank. For six
months paper a rate Of 5 per cent is
still quoted.
Oficial rates Of discount for each OF
the twelve Federal districts are as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25
Money and Credit

Call money ruled unchanged from
the day before at 8 per cent, the supply
Of funds at that figure being more than
ample TO meet the demands of borrow
ers.
The inquiry for time loans was not
urgent, a fact which met with the en-
tire approval Of bankers, who have not
altered their position any in regard to
putting out funds for extended periods
pending the forthcoming war financing
which 1t Is expected will shortly be
announced from Washington. Rates
were maintained at previous levels.
Ruling rates for money yesterday,
compared with a year ago, were as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25
Week

Below is given the current exchange
valSe Of foreign money in dollars and
cents, together with the intrinsic gold
parity, as calculated by the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25

Nassau County Bonds Bring Premi-
um.-Redmond & Co. have been
awarded s573,00O Nassau County, New
York, Az per cent refunding bonds,
paying a premium of $4,000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25

silver.-Bsrs In London, 44%d, IN
changed; New York, Ssh, an increase
Of &c; Mexican dollars, sec, up hc.
Sub-Treasury.-New York banks lost
10 the Sub-Treasury $4,000.
LONDON, Aug. 24-Money was in
ample supply at 80 per cent Discount
rates were steady, short bills being
quoted AZ ~ per cent and three
months bills at 1916 per cent. Gold
premium at Lisbon, 5000.
Bank OF Bombay Reduces Rate
BOMBAY. Aug. 24.--The rate of dis
count Of the Bank Of Bombay was re-
duced from 10 per cent to-day.
Gold Currents.-The Sub-Treasury
has transferred 81 ,5sl, 900 in gold 70
San Francisco, on account Of an equal
amount Of gold for shipment 20 Japan.
Gold bars amounting 20 100000 have
been Withdrawn from the Assay Once
for shipment 20 Chile.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25

Bank Clearings.-The days elearings
at New York and other cities:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25

Continued on page Q
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-25

Sub-Treasuy.-New York banks lost
10 the Sub-Treasury $4,000.
Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1917-04-13
BRICKYARDS

April l1.-Mr. and Mrs. NJ. NJ. Will
liams returned home Tuesday from
Florida, where they spent the winter.
Elisha Bryant Of Parkertown visit
ed few days last week at the home
of Mr.. and Mrs. T. Birch.
Miss Wayne Nauretz and brother
of Green Prairie visited Sunday at the
home Of Mr.. and Mrs. VIM. Manbeck.
Mrs. J. Stevens entered st. Gabriel's
hospital at Little Falls Monday, where
she will receive medical treatment.
Mr.. and Mrs. E. Vanzile and son
Donald and daughter Elaine of Little
Falls visited at the E. A. Savage home
Sunday.
Rev. G. Hall Of Little Falls held a
religious meeting at the home Of E. O.
Westberg Tuesday evening.
Mr. and Mrs. s. Geek entertained a
number Of friends at supper Tuesday
evening.
Mr.. and Mrs. o. F.. Lindquist and
Elmer Peterson of Little Falls visited
Tuesday at G. A. Lindquists.
Mrs. T.. Birch and daughter Bessie
visited SATURDAY. at the home of Mrs.
G. Sprandel, Of Little Falls.
Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1917-04-13
SEPARATE PEACE REPELlED
nFATHERLAND" PARTY IN RUS
STA STRONGLY AGAINST IT.
Would Be Menace to Liberty and
Strong Support Of War With Ger.
many 10 Urged.

Potrograd, April 12.-"The party Of
tho fatherland and of the army"
which includes most of the Petrograd
garrison, has adopted resolution
strongly supporting the war, asserting
that separate peace would threat.
en- Russian liberty.
1--WE urge the continuance Of the
war to a victorious conclusion" reads
the resolution, namely, a peace re-
storing the ancient frontiers of Russia
and free Poland, including the Ger
man and Russian territory.
Against Shameful Peace.
"A peace without the consent Of
the Allies would be shameful, would
threaten Russian liberty, would brand
US with disgrace and treason; separ-
ate us from England and republican
France, from Belgium, Serbia, Monte
negro and Roumania which have suf-
fered devastation in behalf of their
friends, and make us perjurers to our
solemn oaths to free Poland"
Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1917-04-13
EAST DARLING

April 10.-April has been month of
happenings for years as far as Darling
is concerned. During the month o.
April in 1896 fifteen head. of cattle be-
longing to G.. w. Bergstrom were kill
I'D on the railway track; April 10, 1905,
Annie Kintop was murdered; April 10,
1904, the Darling postoffce was es-
Hablished; April 10, 1905, work was
started on the construction Of the
Darling depot; in April, 1892, the big
gcst food of the Elk river occurred;
April 3, 1898 the Swedish Lutheran
church was organized here.
The Ladies, Aid had a successful So
cial at the Swedish Lutheran church
Monday evening.
The river is lower now so that the
bridges are all safe this spring.
Emil Olson and Charles E. Anderson
shipped carload of hay to Minneapo-
lis
A brother to Ole Gullison, who was
killed in a railway accident in Wash
7ngton was a foreman on the Great
Northern railway. Both Of his legs
were cut off, according to reports, and
he died about an hour after the acct
dent occurred.
Mrs Augusta Lindahl, who has been
Ill., is well again.
The Rich Park Farmer is seeding
wheat this week.
Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1917-04-13

well also deserve the patronage Of ev-
cry live citizen on the occasion Of their
first appearance. EVERYBODY be a
"sport' and show their appreciation
Of real benefit to the town. --~.--~--,:s {
Ed Hodorff of Dir vile was here on
business Wednesday.
Jake Thoen of Graham was a ROYAL
ton business visitor Wednesday. i
G: Fl. Boyce shipped a carload of
stock to Duluth this week. -:
T: c. Wing Of st. Cloud was here
Wednesday on business.
DIR. John Watson of Holdingford
was here Wednesday enroute home
from Little Falls, where he has been
attending the medical convention.
Grace Church Guild met with Mrs.
E. j. McCollum Wednesday. The years
business was reported and officers for
the coming year elected.
Tuesday evening party of high
school students gave Beth and Mable
Carnes surprise party. Games and
dancing provided entertainment and
the young people enjoyed a very hap
Ply evening,
Funeral Of the late William Baker Of
Rice will take place Thursday after
noon from his nome at Rice. The Ma
sons Of Royalton will be in charge.
Mr.. Baker had many friends in and
about this section Of the country who
extend very sincere sympathy to Mrs.
Baker and the other members of his
family.
G: w. Bouck has again been very i'll
in st. Paul. Last report, however,
stated that he was some better.
Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1917-04-13
tie Falls to resume studies lat the bus

tie Falls to resume studies lat the bus
mess college.
Several Of our farmers took stock
to Bowlus and Holdingford Monday.
Mrs. Herman Bergstrom arrived on
Friday from Minneapolis fer visit
with her parents, Mr.. and Mrs. Peter
Peterson.
Miss Clara Lofstedt returned from
Minneapolis last week, where she las
been employed.
Leo, the little son of Mr.. and Mrs.
John Hedin, is on the sick list at this
writing.
The auction sale held at the Peter
Viehauser home last Thursday was a
success and we'll attended. Mr.. and
Mrs. Viehauser will move to our vii
lage, where he will have charge Of the
garage and repair shop.
The schools of former districts No.
% and 81 were closed the past week on
account of the bad condition Of the
roads.
Miss Anna Lund left for Minneapo-
lis Thursday, where she will enter a
hospital for medical attention.
Helmer Olson left for Little Falls
Monday to resume high school studies,
after enjoying his Easter vacation at
home.
Mrs. L. Bergman returned Friday
from short visit at Minneapolis.
Miss Matte Larsen spent her East
or vacation at her home in Elm Dale.
Mr.. and Mrs. ALT Holman returned
the past week from an extended visit
with relatives at Princeton and Mime
apolis.
Miss Alma Peterson left for Mime
apolis Thursday, where she will spend
a short time with relatives.
Mrs. Chas. Swedback left Tuesday
for Rochester, where she will enter a