davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1917-09-25
SMOKES FOR SAMMEES
FUNDS GROW RAPIDLY
Money Pouring in to Provide To-
bacco for Soldiers-Christmas
Gifts Now Wanted

Money is pouring into the tobacco tund
f,r American soldiers of the Emergency Aid
Committee. of which Mrs. Walter > Ihon-
ton has charge. Mrs. Edward Browning
treasurer of the tobacco committee so tar
has received se1te.1O. and the stream SHOWS
no signs OF diminishing. -,
The second collection from the united
.,,igar stores. which will be made today. IS
expected 10 yield largely. The stores invite
smokers TO deposit thetr certihcates IN
special boxes The committee collects these
.nd the limited Cigar Stores Company re-
deems them In cash, which is used to pur-
chase more tobacco. - ,...s
Among the large contributors TO the tund
,,sterdav were the Philadelphia Club, $40O,
aud Daniel H. Carstairs. 500.
Contributions 10 Christmas Gift Fund for
American Soldiers and sailors are Ssseu
h,. Mrs samuel Bell, Jr.. chairman of the
committee in charge Of the fund. Brightly
coIored cretonne bags, ten by eighteen
Inches and all sorts OF giits TO put IN
them, as well as money 20 buy gifts, are
wanted.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1917-09-25

MRTALLURGICAL CHEMIST WANTED
For gray iron foundry; one familiar
with the mixing and melting OF gray
iron in air furnaces and cupolas for
high-grade machinery castings. In an
swerins, state expeTienee and salary
Pa.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1917-09-25
Noted PRESBYTERIAN Visits President

WASHINGTON. Sept. 25.--The Rev. DR..
John NJ Wells moderator Of the Presby-
terian Church conference committee OF the
Southern Presbyterian Church. paid his re-
spects to President Wilson at the White
House today.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1917-09-25

CHOCOLATE CoArERs. experienced. Apply
Acker. 121 n. sth.
COOK AND DOWNSTAIRS WORK. experienced,
whitGi references required. 1918 W. LchiEh
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1917-09-25
PERSONALS

AFTER THIS DATE I will not be responsible
for any bills unless contracted by myselt. Ar
thur j. Frank. 1900 ". Walker st.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1917-09-25
STEAMBOATS,
FAMILY EXCURSIONS
IRON STR. THOMAS CLYDE
STEAMBOATS,

10 AOouSIANh hEACH
stopping AZ Chester 100 miIea for "A.
salt water sathing. plenty tables and bsnchss
= ysrs Refund frig. SOC. Chlls.sn % 10, sSa
Leave Arch 81. wharf DailY so A II
Sunday A. III
hen Phene. r9rke. Ias,
JANIS F. OTIS. naaagsr Antb sh
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1917-09-25

1 p. m, parents residence, 2 New 81 st.. Flor
enre NJ J, Int Odd Fellows Gem.
zBGL.--Ssept. 2e,. NJ MATtLDA. widow ot
George Zell. Relatives and friends invited TO
funeral services. residence Of son-in-law, Gar
rett Kirk, Llanerch. Del. CO.. Pa. We'd
y. m. Int. private.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1917-09-25

HELP wANTED-FEMALE
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1917-09-25
HELP wArrrD--M1,-I
oos..nvsd from Pr,r.ai.. !. -

earn outside electricai eges Of IA
Wy "m' Foster. 1905 Sgnsst,r1gction Ias w.,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-15
Maxwell Motor Co.
Passes Dividends
Directors Decide to Suspend
Payments on Common and
Second Preferred

At a meeting Of the board Of direct
ors of the Maxwell Motors Company
held Yesterday, it was decided to pass
the dividends on the common and sec
ond preferred stocks. Dividends on
these issues were begun on October z
1916, when quarterly disbursements OF
2Ik per cent and IA per cent, respec-
t;velv were declared. These rates have
been paid up to the present time.
After the meeting director stated
that. while "the company's financial
position was sound, it was necessary to
build I'D a surplus to meet Federal tax
alton. and this could be done only by
curtailing disbursements to the share
holders"
The action of the board caused no
surprise in Wall Street. which had an
ticipated the passing of the dividends
and declines in both issues have dis
counted the news, at least in part. The
common closed yesterday at 32b. and
the last sale of the second preferred
was at 244. The common sold as high
as 80 in 1916, but the second preferred
never went above 6Sla, which was in
1915.
Capitalization of the Maxwell Motor
Company is divided as follows: First
preferred per cent cumulative stock,
s13.9l5,142; 6 per cent non-cumulatlve
second preferred, s10,127, 46S, and COM
mon stock, Sl2,778,058.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-15
Current Comment
Nothing to Fear

am convinced that neither the bust
ness man, farmer nor laborer has any
thing to fear from price making in
Washington. If such power is gen.
orally given by Congress | am satisfied
il will only be exercised to correct
abuses and in cases necessary in prose-
cutting the war, and not to disturb
trade. ANY one who is doing a legiti-
mate business has, in my opinion, no
occasion for worry on this score. From
information which | received | am sat
isfed that the Allies will get what food
they need from this country regardless
of the submarines. Also, am satisfied
that the food embargo which our gov
eminent has placed on shipments to
neutrals will be very effective in bring
ing Germany 10 terms. Her only hope
in this regard is through Russia, and
doubt if she will get very material re-
lief there. Business conditions are
good, crops throughout the United
States generally will be sufficient, and
see nothing in the immediate future
which need give any one serious con-
Germ, outside Of the possible loss Of life
TO our men who will be in the field
+. w. Decker, president Northwest
ern National Bank of Minneapolis.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-15
Relevant Facts

Ray Consolidated Copper.-Net oper-
ating profits for the quarter ended June
80 last amounted to S3,664,83 COM
pared with s3,226,749 in the correspond
ing period of 1915 Gross income was
s3,679,s98, equivalent to $3.50 a share
on s15,771,79 capital stock, or at the
annual rate of 1892 share. Profits
for the quarter were based on 27.562
cents a pound for copper, compared
with 26.s19 cents in the first quarter
this year. The average cost per pound
Of all copper produced was 1922 cents,
compared with 11.048 in the preceding
three months. The company set $685.
200 to cover county, state and Federal
taxes.
Bethlehem Steel Corporation.-On a
turnover Of $4,000 shares Bethlehem
Steel "B" declined Az points yesterday
at the Stock Exchange. More was heard
Of impending financing by the company.
The directors met yesterday, but took
no action. 1t is reported in Wall Street
that the Bethlehem corporation needs
s50,000,00 in new capital to carry on
the business it is nov handling. When
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-15
Pittsburgh Exchange
Says Action Was Due
To Misunderstanding

PITTSBURGH, Aug. 14.-Early this
morning, without word of explanation,
the Western Union Telegraph Company
removed from the floor of the Pitts
burgh Stock Exchange the New York
stock ticker which has been continu-
ously in use there for many years. Off
Gals Of the exchange are reticent in
discussing the incident. They believe
the action was based upon misunder-
standing.
Some time ago New York Stock Ex-
change authorities informed lessees Of
tickers here that there was ground for
the belief Of unauthorized use of quo
tatons and suggested strict observance
of terms on which ticker service is
furnished. The local Stock Exchange
received a similar letter. 1t was not
promptly acknowledged in the absence
of the secretary, who was away on a
vacation, and was temporarily over
looked by other officials. The opinion
is expressed that the removal of the
ticker was one way of treating an ap-
parent discourtesy which was wholly
unintentional.
President John B. Barbour and Secre-
tary Charles J. Holman left for New
York tonight to try 10 straighten out
the misunderstanding with the New
York Stock Exchange authorities.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-15
Movement of
Freight to Russia
Being Facilitated
Supply Commission Adopts
New Regulations Govern
ing Private Shipments

Action has been taken by the Rus
sian Supply Commission toward facili-
tating the movement of private freight
shipments from the United States to
Russia. The American-Russian Cham
Der of Commerce announced yesterday
that new regulations have been estab-
lished in connection with the allot-
ment of space for private freight pur-
chased in this country by Russian
manufacturers.
All American firms which have re-
ceived orders from Russian manu-
facturers or from governmental insti-
tutions In Russia and which have re-
ceived official permits from Petrograd
authorizing the shipment Of such goods
TO Russia will hereafter be expected
TO file applications regarding such
shipments with the newly organized
special department of private industry
and commerce of the Russian Supply
Commission.
No private merchandise will be
shipped to Russia without official per-
mits issued in Petrograd TO the Rus
sian firms which have purchased goods
in the United States. This new pro-
cedure applies TO private freight con-
tracted for by Russian manufacturers
or governmental institutions in Rus
STA. II does not apply 20 contracts
entered into with the Russian Supply
Commission in this country.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-15
Money Will Go Higher

Until such time as the government
will be paying out money more freely,
accumulative effect of financing large
government contracts simultaneously
with crop movement and the issue Of
new Liberty Loan, money will COM
mand higher rates Of interest. These
government contractors now are pur-
chasing raw material, paying for labor,
and in many instances building special
plants and equipment from which they
will receive little return until finished
goods are ready for delivery through
the government. From this source the
general demand for funds is unusually
large for this season.-Ralph Uan
Vechten, Vice-president, Continental
and Commercial National Bank of
Chicago.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-15
Steel and Iron
Production Show
Heavy Increases
u. S. Steel Corporation Con-
tributes 44.4 Per Cent of
Country's Entire Output

Production of pig iron in this coun-
try in 1915, according to statistics COM
piled by the American Iron and Steel
Institute. reached total Of 39,434,797
tons gross, an increase Of over $685.
5S4 tons over 1915. The production of
steel ingots was 42,773,6so tons, or
l0,622,644 tons more than in 1915.
These figures represent an increase Of
1882 per cent and 1904 per cent re-
spectively. Production of rolled iron
and steel was 32,38O,3s9 gross tons, an
increase of 7,9S7,456 tons.
Shipments of iron ore last year in
creased 19,3S5,715 tons, or 41.o1 per
cent, the total being 66,6S5,466 tons.
Total production, 75,5O0,000 tons,
showed an increase over the year be-
fore of ls,973,510 tons, or 35.97 per
cent.
Production of coal was 597,474,00O
net tons and of coke 54,325000 net
tons, increases of 65,S54,513 and 12,-
$3.50 tons, respectively, over 1915.
At the close Of the year there were
94o Dlast furnaces completed, compared
with 446 on June 80, 1915. In the first
half of the year $50 were in oper-
alton and in the second half 81.
On December 81 last blast furnaces
with an annual capacity of 1851 900 tons
were under construction. The number
of active steel works last year was $40,
and the annual capacity Of completed
steel furnaces and convertibles on De-
cember 81 was 49,6l3,S88 gross tons,
compared with 45,757,780 tons in 1915.
Open hearth steel furnaces December
81, 1916, totalled 1888, with an annual
capacity of 36,s27,i60 gross tons,
against 178 plants, with 3O,7s8, $50 gross
tons capacity, in 1915.
There were 2,S54,5l8 gross tons of
rails produced last year, compared with
2,204,203 in 1915, 1,945,095 in 1914 and
3 ,502,78 in 1918.
The United States Steel Corporation,
the report shows, was last year pro-
ducing 44.4 rer cent Of all the iron and
steel products being turned out by the
entire industry in the country. This
compares with 5l.3 per cent in 1902 and
Ali per cent in 1910.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-15
Silent" Warning
Helps Shorts in
General Motors
Stock Exchange Disap.
proves Of Tactics Used
to Advance Stock

When General Motors stock opened
up 81 points yesterday, at 1T, as the
result Of what is believed to have been
a we'll planned maneuvre to trap a
large short interest, the authorities of
the Stock Exchange felt constrained TO
take unofficial" action. Certain COM
mission houses, which were known to
have called in, after the close Monday,
stock they had previously loaned
freely, received a Silent" warning
from the governing board Of the ex-
change not to participate in any move
ment to maintain the price Of the
shares artificially. 1t was suggested
that it would be for the "best inter-
ests of all concerned" il those firms
which had loaned large supply of
the stock to the shorts would stop call
ing it in.
Shorts Are Encouraged
The recent short selling of General
Motors shares, according to gen.
orally accepted report which went the
rounds Of Wall Street circles yester-
day, has been mostly for the account
of interests dissatisfied with the man.
agement. and officials of the company,
it is said, encouraged this selling by
lending the stock freely for several
days. But on Monday, when, it is esti-
mated, the short interest had sold be-
tween 10000 and $4,000 shares, the
lenders of the stock instructed the COM
mission houses through which they
were operating to demand its return.
The shorts, in consequence, began
bidding briskly for the General Motors
while the market was still in session
Monday, the quotation moving up over
points on the day, and after the close
they paid as high as 81 share pre-
MUM for the privilege Of borrowing
the shares.
Price Falls, Then Reacts
Following the action taken by the
exchange yesterday. the stock price fell
back to l13&, and the stock loaned
"fat" Renewed efforts of the shorts
to cover late in the session sent the
price up again to 1851 at the close. a
net gain Of 4 points. Over 10000
shares were traded in.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-15
Wealth Markets and G n, m e r ce

the report first came out, few weeks
ago, that the company needed funds II
was said that only about $l2,OOO,0OO
was required.
Indian NEUTRALITY-SUSPICIOUS. have de-
clared a dividend of per cent on the
preferred stock, payable September 10
to stockholders of record September l.
This distribution covers the accumu-
lated dividends at the rate of IN per
cent quarterly for the three months
ended December is, 1916; March 10 anc
June 10, 1917, and the regular diVidena
Of 1A per cent due September Is, 1917.
All accumulated dividends on the pre-
ferred shares have now been paid. To-
tai dividends paid during the current
year on the preferred stock amounted
TO AZ per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-15
Ticker Service
Is Removed From
Pittsburgh Board
Action Taken to Check
Operations of Bucket
Shops

The official ticker service Of the New
York Stock Exchange has been removed
from the Pittsburgh Stock Exchange by
the Western Union Telegraph Company,
No official statement on this action was
issued by the local exchange authorities
here, but it was learned that it was in
line with the campaign to withhold
quotations so far as it is possible from
bucket shops.
1t was pointed out in this connection,
however, that no specific charge was
made that the Pittsburgh exchange
had supplied New York Stock Exchange
prices to the bucket shops. From Pitts
burgh, however, It was reported that
there is q public gallery in the local
exchange from which it would be pos
sible for the quotations to be taken as
they were posted on the floor,
Several bucket shops in the Pitts
burgh district, it was stated, have been
getting quotations from some source
apd detectives from the Chicago Board
of Trade have been in Pittsburgh in
vestigating. Several officials of the
Pittsburgh Stock Exchange are mem
bers Of the local exchange.
For the past two years the New York
Stock Exchange has been conducting an
energetic campaign for the elimination
of bucket shops throughout the coun-
try. The State Of Pennsylvania has
been the chief centre Of their activities
in this direction. The Pittsburgh Con-
solidated and Produce Exchange was
closed several months ago on charges
Of bucket shop connections.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-15
News Digest
Foreign

Good Tone in London.-LONDON'
Aug. 14.-The stock market had a good
tone to-day, but trading was quiet,
apart from some activity in miscel-
laneous speculative shares. Bonds
were maintained and Mexican stocks
and railways showed renewed strength
on favorable political and financial re-
ports. The high price of silver en-
courages the belief in an impending
revival in Spanish securities. The gen.
eral strike movement on South Ameri-
can railroads and news that the strike
was growing more serious depressed
the shares of the roads affected. The
other South American groups were
steady.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-15
Sustaining Forces

Among the rank and file Of business
men throughout the country the GER
tainty Of a great harvest has given
sustained confidence which nothing else
can match. There Is no desire any
where 10 minimize the seriousness Of
the situation which confronts US. But
in all the weller Of war, of coming
heavy burdens Of added expenses, Of
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-15

the uncertainty as to when peace, and
consequent readjustment, will come,
there are two factors upon which the
average man leans in condolences cur
rency system which he believes will be
equal to any occasion and an abundant
harvest, ever the sustaining force of
prosperity.-Archer Wall Douglas,
in The Nations Business.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-15
Dividends

General Electric.-Regular quarterly diT-
dend of 50, payable October Is 10 stockhold-
ers Of record September Is.
Atlantic Rehning.-Regular quarterly divi-
dend Of 5 per cent, payable September IS 10
stockholders of record August 20.
Union Tank Line.-Regular semi-annual
dividend Of $3.50 a share, payable September
25 TO stockholders Of record August 30.
Standard MillinR.-Regular quarterly divi-
dend of ! = per cent on the preferred stock.
payable August 81 TO stockholders Of record
August 81.
North Pennsylvania Railroad Regular
quarterly dividend Of per cent. payable Au-
gust % to stockholders Of record August Is.
Federal Sugar misunderstanding quarter
ly dividend Of ia per cent on the common
stock. payable September 10 to stockholders
of record September r.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-15

Prices on the Stock Exchange
made little or no response to Pope
Benedict's peace proposals. Stocks
moved erratically under other in
fuences, with gains and losses about
evenly balanced at the end of the
session. The markets apathetic re-
ception Of the news may be ac-
counted for mainly by the fact that
deflation which resulted from the
December and February breaks
partially discounted any adverse in
fluence which might accompany the
restoration of peace. Besides, there
are many who now believe that the
REIMBURSEMENT to peace conditions
would be no more violent than the
readjustment to war, such as bust
ness in this country now faces.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-15
The Dollar in Foreign Exchange

Russian exchange developed weak
ness again yesterday, rubles falling to
a new low record Of 20h cents. In
creased offerings were responsible for
the movement
Rates on the Scandinavian countries
were strong, with Stockholm crowns
going to 33A cents. Swiss francs were
easier.
Closing rates yesterday. compared
with a week ago, are given in the table
below. American bankers have sus-
pended ell dealings in German and
Austrian exchange, so that daily quo
tations for either marks or kronen are
no longer available.
Uaak
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-15
Japanese Toy Trade Grows

The trade in Japanese toys has late
ly increased tremendously, and toy
buyers state that probably the Japanese
will keep up this increased trade in
toys of the lower grade, even after the
end of the war. Toys can be produced
cheaply in Japan, because labor and
other conditions permit them to be
turned out at low cost. A skilled
Japanese toymaker, so it is said. re-
ceives a wage of only 81 cents a day
Christiance Science Monitor.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-15

In the two months ended June 80
there was a decrease of 71,4S3, or
not far short of so per cent, in the
untitled car acquisitions on American
railroads. During the period the
volume of traffic increased consider
ably, while additions to rolling stock
were small. The improvement in the
car situation, therefore, may be at
tributed largely to the development
of greater efficiency in the handling
of freight. If, under the direction Of
the Railroad War Board, transporta-
ton efficiency should continue to in
crease as it has since the United
States entered the war, six months
hence it will no longer be possible to
say that the railroads are under
equipped. Incidentally, railroad
operating income will show astonish-
ing improvement even over the re-
markable figures issued currently by
the Interstate Commerce Commits
sion.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-15
New York

Cotton Exchange Seat Sold.-Webb
Floyd, of S. NJ. Void & Co., has pur-
chased for a client the New York Cot
ton Exchange membership of Walter NJ
Sternberger, of Sternberger, Sim &
Co., for S14,500, an advance Of $500
over the previous sale.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-15
Tennessee Borrows Here

The National City Company and
Redmond & Co. announce an offering
of $1,000, 900 one-year per cent notes
of the State of Tennessee. The issue
is being offered by the bankers at a
price to yield about Abs per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-15
British Commerce In July

LONDON, Aug. 1.-THE British
Board of Trade figures issued to-day
show imports in July of soc, lS2, 400 and
exports of $40, S33,635.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-15
exchange Intrinsi

The above rates express the cost CT
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling at, say, s4.75Is. The intrinsic
parity is s4.86ts per pound. Thus, you
say either that pounds are at n 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 70
settle accounts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-15
Other Cities

Capital Stock Increased.-PORT-
land, Me-, Aug 14.-Stockholders of the
Midwest Refining Company at a spe-
cial meeting, voted to increase the COM
panys capital stock from S2O,00O,OOO to
$50 600 900.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-15
Elections

Marvin A. Neeland was elected presi-
dent of the New York Shipbuilding Cor
poration yesterday at a special meet
ing Of the board of directors. The for
mer president, S. NJ. Knox, resigned to
assume the position Of chairman Of the
board in place of George ]. Baldwin,
who resigned and was elected chairman
of the executive committee. At the
same time the executive committee was
increased from three to FIVE members
and now consists of George J. Bald
win, chairman; l.. H. Sherman, P. A.
s. Franklin, S. NJ. Knox and Marvin A.
Neeland.
Frank S. Cannon, of New York, has
been elected president of the Savannah
& Atlanta Railway Company, to sue
coed John II. Hunter, who has been
made vice-president. James lmbrie re-
mains chairman of the board.