davidaulloa/AmericanStories huggingface dataset:
The day book. [volume] (Chicago, Ill.) 1911-1917, 1917-01-09
ALL CLEAR ON. "GoLD COAST
ACCOMPLISHMENTS WATCH

Many ,pOncemen, several keystone
comedy cops and an army of serv-
ants are lying in wait along the Lake
Shore drive fearful of another visit
from the CLOSING hour bandits"
Strange to say, not even single
hairpin was stolen on the gold
coast" yesterday.
Meanwhile Cap Russell is busy
finger-printing every crook to whom
he has been properly introduced.
Nothing doing in that line. The dis
covery that the bandits consumed
some Of David B. Jones imported
champagne during the raid on his
home has led to a new theory. Pos
sibly the 1 a. m. closing law is being
enforced so rigidly on the North Side
that it is necessary for the thirsty
buns to get their early morning
drinks from the Lake Shore private
saloons after they are hustled away
from North Clark street.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-06

sought that has moved the German
government to press at this junct-
ure for the opening Of peace con-
ference and of peace negotiations.
The strong probability on many
grounds-not all Of which can be
given hereof the correctness Of
this conclusion lends particular in
terest to an inquiry as to the true
situation in Germany with respect
to the existing supply of foodstuffs,
for if this supply is actually made
quate TO feed the population until
new crops can be harvested, it is evil
dent that, whatever may come Of the
present peace tentatives, the Euro
pean war must be ended before the
coming summer-By Arthur Rich
mond Marsh, in "The Economic
World"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-06
EQUITABLE TRUST COMPANY
VOTES TO DOUBLE CAPITAL

Trustees Of the Equitable Trust
Company yesterday formally voted an
increase In the capital stock from 49,
100000 10 s6,OOO,OOO. Stockholders at
special meeting called for January
% are expected to ratify the increase.
The new stock is to be offered to
shareholders at $3.50 share. In view
Of the fact that the present stock is
selling In the neighborhood of $575 a
share, the privilege OF subscribing to
the new stock carries with it valuable
subscription rights.
Besides the 100000 new capital
Equitable Trust trustees have voted to
add Sl,500,000 to surplus account,
bringing that item up to S11,55O,OOO.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-06
LONDON READY
TO MEET WAR
LOAN APPEAL
Official Announcement or
New Issue on January
II Is Made
By FRANCIS W. HlRST
lBy Cabs TO The Trbunsl

London, January E.
The new war loan, it is officially
announced, will be issued January
II.
Suspension of Treasury bill sales
following that of 6 per cent eX-
chequer bonds was proof that new
appeal for war funds would be forth
coming Immediately. 1t is obviously
desirable that a large proportion of
the present floating debt should be
funded, as a new crop of financial
difficulties will spring up everywhere
after the conclusion of peace.
Psychological conditions are much
more favorable to the funding Of the
loan now than they were last autumn.
The German peace overtures and the
evident growing desire for the end of
the war In the Central Empires,
coupled with recent ministerial
speeches, have dispelled the autumnal
theory that the war might last two
or three years longer.
Altogether. the tone of the Stock
Exchange is rather optimistic, and
there is less expectation of drastic
economic measures. The newspapers
arc attributing the troubles of Ger
many to the pulverizing effect of its
general mobilization law, and agri-
cultural ministers here are declaring
publicly that Britain has gone too
far in depicting farm labor.
Efforts are being made to increase
pig raising among the laboring
classes. The practice had been dis
couraged by local government regu-
lations and sanitary inspectors.
The newspapers report that
heavy duty on grain exports may be
substituted for the proposed Argen-
tine embargo. This plan, according 10
yesterday evenings standard" Is
expected TO bring down local prices,
while leaving the prices for export
ers practically without change" The
paper adds that the effect upon earn
ings of railway companies would be
adverse. though less serious than the
effect Of total prohibition.
The British experiment in export
duties during the Boer War, when
the government imposed an export
duty on coal, proved a political fail
ure, as the tax was very unpopular
in the coal districts.
A leading manufacturer in the
motor trade declared to-day that "the
British motor industry has actually
been placed upon solid rock by the
cataclysm of the last two and a half
years" although the manufacture
of pleasure vehicles had temporarily
come to stop.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-06
Money and Credit

There was an abundant supply OF
money on call AT tho New York Stock
Exchange yesterday, and the ruling
rate held unchanged at PA per cent.
Some loans were made as low as 3.
The market for time funds on brok-
ers Stock Exchange collateral was
again easy, with the demand still re
stricted. With the return Of the divi-
dend and interest money disbursement
over the turn Of the year lending insti
tutions have on hand large supplies OF
credit accommodation, and the COM
bined offerings have been sufficient to
bring about a considerable relaxation
in rates. Interest centres chiefly in
loans based on industrial collateral,
which are now quoted at 81 per cent
for sixty days and 90 per cent to 4
per cent for ninety days, four, FIVE and
six months. Loans OF mixed money are
nominsIy quoted at fractional recess
sions.
Ruling rates on money yesterday.
compared with year ago, were as fol-
lows:
Yesterday, Year ago.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-06
Peace Before Summer

A Ii the available evidence indi-
"A Gates that as things now
stand. the imminent threat to Ger
many's ability TO continue the war
for a long time to come is to be
found not in a dangerous weaken
ing Of her military force and re-
sources, but in an impending and
now governmentally perceived in
Of foodstuffs to carry the
country through to the next seasons
crops. /. is here, if anywhere, that
the overriding necessity must be
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-06
Corporation Returns

ANDREW J. MCCORMACK. Auctloneer.
REGULAR AUCTION SALE,
STOCKS AND BONDS,
By ADRIAN n. MULLER & son,
OFFICE. no. 80 WILLIAM ST.
WEDNESDAY, JANUARY 10, 1917.
at 1880 o'clock, a. the
EXCHANGE SALESROOM.
FOR ACCOUNT OF GUARDIAN
II shs. Continental < Commercial
Natl Bank OF Chicago.
FOR ACCOUNT OF EXECUTORS
so shs. Terry Tench & Proctor Mil
ing Co.
30 shs. Town & Country Estates
30 shs. Telepost Company
20 shs. Telepost Company v r. g.
10 shs American Telegraphone Co
shs. Century opera co.
20 shs. Helena s. Livingston Smelling
q Reduction Co.
10 shs. International p. A Y. r. Tram
car 60. preid.
10 shs Pearson Publishing Co. prefd
fshs. Pearson Publishing Co. COM
mon.
FOR ACCT. OF WHOM 1T MAY CONCERN.
shs. Sanborn Map Co.
~ shs. Wolverine Lubricants Co
90 shs. Wsnder-Heinemsnn Hat Co.
s. 900 Swiss Confederation Sc Bond 1919
81. 900 United states steel COrpn. Sc.
r. Bonds 1853.
5000 Pacific Gas & Electric co. GenI
Refcg SO Bonds. 1912.
$50 600 Oakland Railways Ges Coll Trust
Note7. due June ~ 1913. Interest
I'm default since June ~ 1915
500 shs Pacific Gas & Electric co. LIST
prcfd.
$1,000 Fort Dodge. Dss Moines & South
ern r. X LIST Mtge. IS Bonds. 1914
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-06

The above rates express the cost OF
foreign money in terms Of the Ameri-
can dollar. You buy an English pound
sterling for s4.75&; the intrinsic par
ity is 34.S6bs per pound. Thus, you
say either that pounds are at dis
count or that dollars are at pro-
MUM, which is owing TO the fact that
in England the demand for dollarA
with which TO settle accounts in this
country is greater than the demand in
this country for pounds with which TO
settle accounts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-06
News Digest
Foreign

Money Abundant In London. - Lon
don, Jan. 5.-Money is abundant now
that the sale Of Treasury bills has been
stopped. The discount business IL dis
organized and rates are easy, but there
is a growing belief in certain quarters
that the bank rate will not be reduced.
A cheerful tone prevailed on the
stock Exchange, but business was
small pending the new loan. BANK
shares we're supported on dividend
prospects, Chinese bonds were good on
reports OF increased maritime customs
and Grand Trunks we're firm. The war
loan and most Of the issues in the gilt
edged section hardened. American Sc,
curities were irregular, with a limited
business.
Money was quoted at AZ per cent.
Discount rates-Short bills, . per cent;
three months bills, 5d5b per cent
Gold premiums at Lisbon, 80.
Paris Bourse.-Paris, Jan. 5.--Prices
were firm on the Bourse to-day. Three
per cent rentes, 81 francs for cash;
exchange on London, 81 francs 81 n
confines; per cent loan, SO francs 40
confines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-06
Relevant
Information

Southern Railway. Stockholders of
the company, at a meeting held in
Richmond, Va, yesterday formally APP
proved the creation OF new refund
ing and improvement mortgage provid-
Ing for a maximum bond issue OF
$500 100000. The plan provides for
the exchange of Series "a" of the new
bonds bearing AZ per cent interest
and maturing in 1899 for the outstand-
ing development and general Is, and
Series "B" Of the new bonds, bearing
3 per cent interest for the develop
ment and general As in the company's
treasury.
F. W. WoOlworth Company Sales
Of the F. W. Woolworth Company for
December, as announced yesterday,
we're S13,636,513, compared with sl2,-
1885 in the corresponding month OF
1915, an increase Of 81 ,441.917, or 1882
per cent or this gain 1914 ,494, or 400
per cent, came from the old stores.
For the twelve months the sales were
SS7,082, 513, compared with $75,973,6l5
for the full year Of 1915, an increase
OF 81, 109, 400, or 1902 per cent. Sales
during the twelve months Just ended
we're the largest on record. comparing
with S60557,767 in 1912, the first year
the company was formed. There is
S5O,0OO.O0O Of Woolworth common out
standing and s13,0OO,O00 per cent
cumulative preferred. In its balance
sheet the company carries its good will
as an asset worth s50,000,000.
-Shefield.-Th directors Of this
company voted yesterday a quarterly
dividend Of z per cent on the sl0,-
100000 common stock outstanding, plac-
ing that issue on a per cent annual
basis. This is the first disbursement
on the common since December, 1910.
In that year : per cent was paid. The
company has never paid more than
per cent year in regular cash divi-
dends on the junior stock issue. Earn
ings for the fiscal year ended Novem-
Der 80 last have been unoficially esti-
mated at an equivalent of about Is per
cent on the common. Last year earn
ings on the common amounted to 0.53
per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-06

The statement that the rolling
stock, roads, rails, sleepers and bal
last of the 1856 miles Of railroad
in Germany will be practically re-
newed has a great significance with
respect TO the future of the steel
trade. This renewal will furnish
industries connected with railroad
building in Germany employment
for several years; this overhauling
will be an asset. Out of the 7,000,-
600 tons of iron and steel which
Germany exported in 1913, 100000
tons were in rails and other rail-
road supplies valued at S26,077 ,45O
about rs per cent Of the total ex-
ports Of the United States in 1918.
The work of overhauling is not likely
to take more than Germany's normal
exports, and, as this step is proposed
to provide employment in the indus
try, we are safe in assuming that
Germany does not propose 70 i'm
port materials from the United
States or from other countries. This
is a point worth the careful consid-
Grafton Of the iron and steel trade in
the United States.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-06
UNITED RAILROADS OF SAN FRANCISCO
-Four Per Cent. Sinking Fund Gold Bonds, Due 1927
To N. Holders Of Four Per Sinking Fund Gold Bonds due 1871
of UNITED RAILROADS OF SAN FRANCISCO:


A. N. request Of large OF the holders OF the above Bonds
h defined 70 assent to the provisions Of the Reorganization Pan
dacd Senmber r. the undersigned have agreed 10 act as %
,re for the protection OF the holders OF sac bon
Since the announcement of the Plan OF September 9 members
carefully studied the FRANCISCO
situation as Reorganization Plan referred to and
with committee While
ftv annreciatnp the desire or the Reoganauo
~ make fair readiustmcn has been our judgment ts inc TAI
involves sacrifices -Four Per Cent bondhouets nue. gea
than either the Of the Company or the Posn OF %
Per Cent Bonds and that the assent OF su uO'
M pde the plan heretofore could not be secured
;uIar dated December 1910 that the deposit or assent OF me ne
r amount Of bonds had secured and that It was the enu
The REORGANIZATION abandon the Plan and e unless
more than majority OF bonds deposited on or oo January
1917 confirms OF earlier judgment ms
rcn together with pending default the Four fe cent o
and Tho institution proceedings on one OF INC SNARE
that the holders or Bonus CO.
operate for protection of their interests :. p,
failure the RcorSanHdn I
dated Srncber D. 1916 believe important that Teou''
nj the Capitalization the Railroads Company be MADE ana po
through friendly negotiation and cooperation WIN inc AS
alton Committee therefore imperative that deposs DC ~
tiatc1v made with the depostaes named oeo" - -
All bonds so deposited be in negotiable form and mus o
m. October 1916 subsequent coupons ertcates or D
viii be issued and application will be made list them on the Ne" l
Stock Exchange due course c,.i -L...i. nh
Deposit Agreement being prepared and will be led shortly VIVA
On. denotaes This will provide substantially at %
sv deposior shall bound by the terms OF any n OF
ner ~ Reorganization Reimbursement made approved by ms N
- he shall have opportunity withdraw without pena ONO
than the nayment OF prorata share Of the expenses not e
$1,000 per bond. -
New York. January O. 1917
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-06
Other Cities

Rules Against Use of Word Saw
ings" bv National Banks--Albany, \.
Y, Jan. National banks are not au-
thorized by the Federal Reserve act
to use the words Savings depart
ment" or similar terms to designate
departments operated along the lines
OF savings banks, according to an opin-
ion handed down to-day by Attorney
General Egburt +. Woodbury.. The
use of the term savings the Attor-
ney General held, would constitute an
invasion of the province of the saw
ings bank.
MANY national banks. particularly IN
New York City, have insugurated saw
ings account plans, paying interest
upon deposits in excess Of certain
fixed amounts. Special departments
have been organized for this purpose
and many banks attempted to use the
term Savings" 10 designate these
branches. In order TO justify the use
OF this term they invoked the aid or
the Federal Reserve act, which. they
claimed. superseded the prohibition IN
the state Banking law against the use
Of the word Savings" by any instltu-
ton other than a savings bank.
The Attorney General ruled that the
Federal Reserve act did not supersede
the State Banking law in this particu-
lar. He has notified the State Bank
ing Department that il is its duty to
enforce the prohibition Of the state
Ian.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-06
The Dollar in Foreign Exchange

Strength of sterling exchange was
the feature of yesterdays foreign ex-
change market Demand sterling went
to 4.75%. compared with 4.75il the day
before. Francs we're steady. Exchange
en- Berlin eased Off.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-06

NOTICE is hereby given that the annual
meeting OF the stockholders OF The Realty
Mercantile Credit Association. Inc. viii be
held al the Office OF the Company 80. 80
West 42nd Street. Borough OF Manhattan,
civ OF New York on Saturday, the goth
day OF January. 1917. at II o'clock noon, for
Tho purpose Of electing i've directors for the
ensuing year. and for the transaction OF
such other business as may properly como
before said meeting. The polls viii remain
open for one hour.
Dated. New York city. y. T., January
9Th. 1917. H. &. Davidson, President.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-06
Friday, January 5, 1917

The success Of the new British loan
is said to be assured, because the
government has left the banks with
nothing else to invest in. The bank
deposits have doubled; and the gov
crnment has prohibited new issues
Of capital, not only of foreign and
colonial investments, but also for
home industries. Of the total CAPT
tai issue of S1,395,OOO,0O0 in the
first six months of 1916, all but $780,
100000 was infested in government
loans: even this small amount was
in industries almost directly con-
nected with war supplies. But 1t
will be very unwise to draw false
differences. The increased deposits
in England, as in all belligerent
countries, do not consist of savings,
as in normal years; practically all
the total are composed of issues OF
government paper. There will,
however, be one result; instead of
banks having on deposit short term
paper, participation in the loan will
mean that they will have long term
bonds in their vaults. This substi-
tuition will be beneficial in SO far as
it will reduce the circulation and
frequent transfer, which Is init
nlately connected with short term
papers like treasury bills and ex-
chequer bonds. Fresh money to
meet expenditure will, Of course,
come out Of the actual earnings of
the country-all the labor and CAPT
tai of the country being devoted to
the production necessary for the
carrying on of the campaign. Usu-
ally funding short term obligations
resulted in a saving Of interest TO
the government. On this occasion
even that benefit would be unavail-
able. But there will be one decided
advantage, the currency problem
will be very much simplifed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-06
y. G n GARpINER. secrstary.
WELLS FARGO & COMPANY
Special Dividend

New York. Dec IS 1916.
The Board o. Directors have this day declared
sne,isl dividend o. SIS Is per share upon ths
csDta stock Il this Company. out o. surplus iunos
N lie Company. payable At the Office o. INC
Company. 81 Broadway. New YORK CIV on Sane-
close of business on January s. 1917. Tho Trans
f,r Books will close al the close Of business %
January 3. 1911. and 10 reopeued on January ~.
1917 Checas will De mailed.
pll, OF SlOIe5. $50 90. It owned IN investnnnt
Securities S246T7. 06442. Its income from In
restment securities during the preceding se5en
yean was SS9l397i.iS or nearly SlOOoOOo IN
e1o,ss OF tho sum REQUIRED Tor the payment OF this
special dividend
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-06
Yesterday. Year ago,

Commercial Paper.-Ths commercial
paper market is moro active and de-
cidedly easier as result of the eager
ness Of institutions TO purchase paper.
Rates for prime regular dates are
quoted 80 "a per cent, with not few
transactions at the lower figure. Some
paper is being held for even lower
prices, but so far no actual transac-
lions have been reported on this basis.
At Chicago commercial paper houses
report an easier trend in the money
market, with the going rate per cent,
against slightly higher rates prevailing
week ago.
Official rates Of discount at each OF
the twelve Federal districts are as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-06
WEALTH MARKETS AND CO nj nj Z ~

Reserve Board has approved a rate OF
31a per cent for all mAturities Of trade
acceptances not exceeding ninety days
for the Federal Reserve Bank OF st.
Louis
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-06
FINANCIAL MEETINGS
NOTICE OF ANNUAL MEETING OF
PREMIER MOTOR CORPORATIONS
\ 4

THE ANNUAL MEETING 81 the stock
holders Of this company viii be held on
the 20th day Of January. 1917, at 2 O'Clock
In the afternoon a. the once OF the cor
poratlon. 81 Wall street. New York city
New York, for the purpose OF electing 4
Board Of Directors. two inspectors TO
serve at all elections OF stockholders dur
ing the ensuing year and receiving and
acting upon the reports Of the oficers and
FOR the transaction OF such other business
as may properly come before the meeting.
Dated January ., 1917.
G. r. JENSEN. Secretary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-06
DIVIDEND NOTICES
WELLS FARGO g. COMPANY
Regular Dividend

New York. Der %. 1915.
r,. Ro,,d Of Directors have this dag declared
di,,dsnd o. $500 per share upon the eAV'4
stock OF this Company. out OF surplus car ia,s
90 ,h. Al, norths ending December 81 lfio.
u,y,hio on January 90 1917. 20 the once OF u'
go8'psny' ST Broadway. New York cry. TO ''ocS
Sodsr, o, record at the close Of business 1n'u,
ary 3. 1917 Tho Transfer Books Hui 80 - -
a.. cios. N, business on January 5. 1917. ana -
rso,e1eI on January q. 1917. checks VIII -
mailed .,D,,,,~p so..+,r,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-06
METROPOLITAN TRUST COMPANY

The annual meeting OF the Stockholders
OF this Company for the election OF Direc-
tors will be held az the once OF the Com
many so Wall street. at twelve o'clock
noon on the seventeenth day OF January
1914 Tho STOCK transfer books will be
closed at 2 r. NJ. January 6th, and re-
opened al 10 A. NJ. January 18th. 1911
GEORGE n. HARTMANN. Secretary.
New York, January 9th. 1917.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-06

Below is given the current exchanges
value 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, 1917-01-06

Bank EXchanges.-The aggregate Of
bank exchanges this week at the lead
ing cities in the United States, accord
ing TO Dun's Review, amounted TO So
0S6,275,000, an increase of 1873 per cent
as compared with the same week last
year and OF $50 per cent as contrasted
with the corresponding week IN 1915.
ST. Louis Acceptance Rate Changed.
Washington. Jan 6.-TAs Federal
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-06

Great stress Is laid on the in
crease in the deposits Of our banks.
The unqualified statement is made
that it measures our great pros
perity. But it is extraordinary that
banks throughout the world should
have had increases in deposits. Ger
many has had no foreign trade. Her
industries and manufactures are de-
voted to war purposes. There it
would seem that bank deposits should
have decreased. Instead, the de-
posts and current assets Of the SIX
leading banks increased from 4,914,-
100000 marks in 1913 to S,706, 000,-
900 marks at the close of 1915. Note
circulation advanced from $500, 000,-
900 marks to 6,918,O00,OOO marks, and
there was an increase in cash in
hand during the same period Of
2.7O0,000,000 marks. Advances in
creased 800, 100000 marks. To judge
from these figures that Germany has
had an unparalleled prosperity
would be simply absurd. All the
banks Of almost every country in
the world, especially those of the
belligerent countries, show extraor-
binary increases in deposits. A num-
Der Of factors have to be consid-
cred before the banking figures are
made to yield certain conclusions,
The facts that we have exported
commodities, and that we have had
great part of our foreign securities
held abroad returned are more con-
elusive proofs of our prosperity than
the mere increase in deposits. An
increase in deposits largely signifies
simply the credits granted, both to
our manufacturers and the foreign
governments.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-06

The annual meeting Of the stoekno,sIsT
or the Hamilton Fire Insurance N2.tsrs
will be held az its once Monday; 80. p
Sth. 1917. az p. NJ, for the ele -
as may coma before the mseins.
ARTHUR LENSSEN. JR- eeEo@