davidaulloa/AmericanStories huggingface dataset:
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1917-12-08
NORTHUMBERLAND HELP.

MEN or women; spare time; copy names
and addresses; pays you 81 to So eV-
enings; send 20 cents for guarantee
contract. National Sales Service Co.
Springfield. III.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1917-12-08
CONTRACTORS, AND BUILDERS.
CIVIL ENGINEERS.

~~-~~~----~~~-~~7~~--->7 --7----~->---
CIVIL Engineer-Walter n. Schroeder,
civil engineer; surveys, maps, plats,
drawings; $40 Safety Bldg. phone 6y.
ENGINEERING and Mechanical Drafts
man: patent office drawings, design
ing, surveys. maps; II years expert
enee A H, Weaver, S01 Fifteenth
street
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1917-12-08
LODGE DIRECTORY.

L0BGE UiREGIUk1=
~~~~---~~>--~~>--~~~~~-~s~
Masonic.
Masonic Temple. Eighteenth street and
Fifth avenue.
THE STATED MEETING OF TRIO
- Lodge No. 81, \. f. * a NJ.
~Nw will be held on the first Thurs
"a X day of each month, 1870 p. m.
~N Special for work of f, c. de-
gree, Thursday, Dec. Is, at 1890, at
Ionic hail. H. 3. HeFpeiinck, W. M;
4. l.. Hubbard, secretary.
u. 8. w. v.
SIBONEY BAY CAMP NO. 8, u. s. w. ",
meets the first and third Thursday OF
each month at p. IA, at Memorial
hall q. p. Garrison, commander; L.
M Titterington, adjutant
6. 4. IL.
BUFORD POST, 243, Is. a r., meets
regularly on the second and fourth
Saturday evenings of each month at
1880, in Memorial hail, at the court
house. c. II. Church. commander; w.
II. Carpenter. ad1utant.
y. of v.
H. c. CLEAVELAND CAMP NO. 3i5,
Sous of Neterans-Meets on second
and fourth Tuesday evenings of each
month at S o'clock in Memorial hall
at the court house. l.. L. Harms.
commander; Eugene Johnson, secre-
.tary.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1917-12-08

Clerk of Probate Court
Dated at Rock Island. ILL.,. Dec. 8, 1917
Stafford. Schoede q Stafford, attor-
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1917-12-08

NEW. modern. i've room bungalow;
easy monthly payments; Thirty fourth
street and Nineteenth avenue. Call
H. L 2943-Y
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1917-12-08

greenhouses In +, T. For information
see j. kilcoin. Phone r. ]. 1851 or
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1917-12-08

APARTMENT; three rooms. all mod
erns furnished; good location, refer
ences. Call r. l. Sussex
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1917-12-08

LOTS, between TweRry-ninth and Thir-
ty first avenues on Eleventh street.
Inquire for terms. Fred A. Dasso.
Rnnna z 1 IiAq
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1917-12-08

TBAM good horses. also wagon; cheap.
1874 Second avenue.
WRITING desk. mahogany, with chair;
teenth street Phone r. l. 26S9.
WALL cabinets. for clothing or wo-
mems store; one hundred feet, IN sec
tons; plain glass and mirror slide
doors Address Snap" care Argus.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1917-12-08
FOR sAhE-CITY PROPERTY.

HOUSE: seven rooms: modern; two
story; at less than cost; built three
years; payment OF $1,000 or $1,000 re-
quired. Don't phone. Gail at 1888
Twentieth avenue.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1917-12-08

LOTS; easy terms: IN Pardon Bros.
additions, Thirty-hfth sise and
Eighteenth avenue and Thkty eighth
street, Nineteenth avenue, block from
car Phone r. l. 1884 or *. |. 1895.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-08
Street Railway Traffic
Shows Steady Increase
Gain in Revenues for April
Amounted to About $250,000

Street railways operated in New
York City during the month of April
carried a total of l68,202,150 revenue
passengers. This, according to a re-
port issued by the Public Service Com
mission, was an increase Of 4,460,997
over the figures for April, 1916. The
total revenue from passenger trans
portation for the month was SS,333, O6l.
against Ss,082, 1919 for April. 1915, show
ing an increase of S250.S62. The total
operating revenue amounted TO $780,
9l9, against s8,479,693 in the CORE
spending period Of 1916.
OF the total number Of passengers
carried in April the Hudson e. Manhat-
tan Co. shows 6,Ol6,34S; the INTERIOR
ough, Subway Division, 37,826,l00, and
the Elevated Division 29,734,529. The
Brooklyn Rapid Transit Company in
al. its connections carried 46,80O,Ol9
passengers and the Manhattan surface
roads 32,122,337, of which the New York
Railways carried 20,576,77l. The num-
Der of transfers collected by all COM
panies in April was 28,437 1926, which
shows decrease of 93S,397 from the
corresponding month in 1916. The
total of taxes paid by the street rail-
ways for the month amounted TO $685.
go. against S5i5, s94 for April, 1916.
The foregoing figures are exclusive
Of four small companies, the combined
passenger fare collections of which
average about $4,000 a month.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-08
Steel Exports

II Is an attractive idea that demand
for steel banks up during periods of
light buying. but such a contention is
hardly tenable. Il il certainly out Of
the question to make any such essump-
ton on the part Of the neutral coun-
tries, for their requirements were in
creasing at such a rapid rate before
the war that By now, if it is merely
question of the lapse Of time, they
would be inconceivably great. The
rapidity Of the rate Of increase before
the war is not generally realized. The
total iron and steel exports of the
three great exporting countries in
1913 amounted 10 more than 100000
tons, against 100000 tons ten years
earlier. Of course, in each case there
were some other exporting countries,
while on the other hand there was
tonnage included in the total that
went from one producing country %
another; but it Is safe 90 assert that
the buying by neutral countries more
than doubled in the decade. At least
an additional five years record will
have been made before the war is
over. As one canno, take the figures
above cited as indicative of what is 70
occur, they can be taken Only as a
suggestion that II favorable condi-
tions obtain the neutral countries can
find good use for a great deal of steel
after the war. II Is question OF
ability 20 finance. Now the alterna-
tons of heavy and light steel demand
in the United States are due chiefly
70 cur expanding too much at one
time and by our setting our houses in
order in the other time, 50 that we
can make a fresh start. A period OF
economy precedes period Of activity.
The neutral5 are forced 20 pass
through this period Of economy now
and should De IN position 10 take hold
when the war ends. The limitation
will undoubtedly be found in shipping
before 70 is found in credit. While the
British insist that the submarine cans
not win the war for Germany, it must
be remembered that the last resort
would be the use of all the worlds
merchant shipping 10 work for tho
war, leaving no vessels in neutral
trade, and az best the worlds mer-
chant shipping at the close Of the war
will be altogether inadequate for tho
worlds normal trade. A great deal Of
vessel capacity viii be required when
peace is declared. % take the soldiers
and the implements Of war back home,
and a long time will be required for
this tremendous task There will be
10 opportunity for the neutrals sud-
denly TO make up for lost time.
Rather, the trade will gradually in
crease over period Of years. The
United States will have % consume its
steel itself very largely Immediately
after the war the export business in.
creasing from year 20 year-lron Age.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-08
Women as Car Operators

It has been said that the greatest sac
rfce that this country will have %
make for tho war greater by far than
the sacrifice of wealth or COMFORTS
sacrifice OF habit. Whether this is lit
orally true or not, there can be no
doubt that the disturbance Of orderly
routine of life which is even now be-
ing forced upon tho nation will be
sweeping. b. far the major part oe
humanity objects inst.nctiyely 70
change-even the change for the better
when long s.andng ideas must be
uprooted. This attitude more than any
other has prevented the introduction Of
women conductors on the electric rail-
ways of this country in times Of labor
being run and q conductor had 10 be
combined acrobat, bin collector and
police officer, as well as change
clerk. women conductors were an
absolute impossi5.li,y, but the gen.
eral introduction Of prepayment cars
eliminated the three frst-mention-
ed duties. To-day there exists Moth
ing 20 prevent the employment OF
women on the rear platform except the
mental attitude c. public that has be-
core accustomed 20 rendering fares
on electric cars 20 men.-EiectT-tc
Rci'WGy Journal
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-08
A Menace to Cotton

An effective order Of quarantine
against the pink boil worm is pro-
nosed bv the United States Department
~ Agriculture. An emergency appro'
rriation Of 100000 for carrying on the
work is asked by Congress. The PINK
boll worm, which was introduced lA'o
the Laguna district Of Mexico from
Eovnt last year, has been spreading
ont IFS activities until it covers an area
81 more than 1900 square miles. II
was pointed out last fall that the PINK
boil worm is the most dangerous men
ace the cotton crop OF this country
has ever faced. II is more destructive
than the boil weevil itself, which since
its introduction from Mexico some
twenty years ago has steadily advanced
from the borders Of Texas until 1t has
almost reached the Atlantic seaooard'
leaving a trail of destruction IN us
wake. Methods Of combating the POI
weevil have been successfully uhueL-
taken in a degree, although an en-
nous loss 20 the cotton C4'P -.
South has occurred, and 1t IS necessary
70 use more vigllant metnoas even
Year 10 combat the ravages Of the pest;
Had effective measures been adopted
to quarantine against the weeyii ~n n:
i first made its appearance at the RIO
Grande. it is considered likely that tae
invasion could have been stopped on
the Texas border. Effort will now pe
made 20 prevent the introduction OF
the more destructive pink boil worm.
One of the propositions is 70 create
cotton-free zone from fifty to a nun
dred miles wide in Texas next TO the
Mexican border. A quarantine against
the importation OF foreign cottonseed
has been in effect for some time, and
il is hoped that by cooperation with
Mexican authorities the pest may be
shut out Of this country and its ex-
termination in Mexico brought about
Manufacturers Record.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-08

stantly, being currently estimated at
four times as much as had been cab
culated when we entered the war.
"The Iron Age" states that delayed
deliveries Of materials have forced
some plants below so per cent of
operating schedule, and that car
builders are getting only slightly
more than one-quarter of the steel
which they require.
This extraordinary situation ade-
quately explains the horizontal rise
in prices shown in the chart and the
runaway market for steel products.
II is no wonder that steel makers
have been able to exact from private
consumers almost any price which
they cared to name. Just the other
day pig iron sold at three times the
price received for steel billets at one
time in 1914, and the end of the rise
- ilOb NCL III olSHN. ~ - pp4 INA
that one consumer recently made an
unsuccessful bid of $3.50 a ton for a
steel product which sold for $50 a
ton in 1913. Others are paying from
$170 to 5000 for the same product.
The exaction of such exorbitant
prices as these can hardly be justl-
fled, even in the face of the fact that
demand has far outrun supply. It
is to be hoped that when the price
muddle is cleared up provision will
have been made for protection Of the
private consumer, as well as the gov
eminent. Steel consumers should
not be compelled to pay prices which
represent exorbitant profits for the
steel makers any more than the gov
eminent should.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-08
Saturday, July 7, 1917

Though stock prices were adverse
ly affected almost throughout the
last week because of constant
pressure eXerted by traders who,
finding little resistance, sold heavily
short for a fall, there is nothing to
indicate that public confidence in Sc
curity values was disturbed in the
least. In a few cases, such as
Studebaker, some real liquidation &C
Cured, but in a general way it may
be said that Outside" trading, while
relatively small in volume, contrib
uted quite as much to the construc-
tive as to the destructive side of the
market. This was made plain not
only by testimony of several i'm
portant commission houses but by
the record of dealings in odd lots,
which to a considerable extent rep
resent purchases by small investors.
The Odd Lot Review" reports that
there were 65 per cent more buyers
than sellers, and that 80 per cent
more stock was bought than was sold
during the week. Moreover, the
volume of trading in small lots was
better maintained than the total
volume of dealings. That has been
the case for some time past. In the
month Of June, for example, total
transactions were 35 per cent smaller
than in May, whereas transactions in
odd lots decreased only 25 per cent.
A significant fact is that the opti-
mism among small investors extends
throughout the country.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-08
More Wages Paid
Out in May, Though
Workers Are Fewer
New York State Labor Bureau
Returns Reflect Great Indus
trial Activity

Wages paid out to workers in New
York State in May were larger by
S1a per cent than in April, though the
number of employees was less by nearly
l per cent. With the exception OF that
for March this year the May payroll
was greater than in any month since
the New York State Department OF
Labor began to publish monthly re-
turns on employment. Increased OPP
eratious in many of the leading indus
tries, overtime employment ard IN
creases in wage rates were FACTORS con
tributing 10 the enlargement OF the
amount paid TO workers. >,
The returns received represent all OF
the important manufacturing lndus-
tries and localities in the state. Nine
Of the eleven industrial groups re-
ported an increased amount OF wages
Five only of these nine reported an IN
crease in number of employees, the re-
naming four reporting a loss; Two OF
the groups-printing and clothing re
ported losses in employees and in wages.
Each of the industrial groups displayed
greater activity in May. 1917, than IN
the same month of last year, the m
crease in number of employees for oil
industries combined being 8 per cent
and in amount of wages q per cent
Corresponding increases over May,
1915, we're "a and 81 per cent, respec-
lively. r..
The average per capita earnings for
one week in May, 1917, OF all employees
Including both sexes, were Sl6l5. as
against $3.50 in April. The average
per capita earnings for one week IN
Nav. 1915, were s1424, and in May,
1915, they were Sl2.74.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-08
New Reserve
Rule Expands
Bank Surplus
Local Institutions Hold
$178,63S,67O in Excess of
Legal Requirements

The New York Clearing House in its
weekly statement, issued yesterday, re-
ported excess reserves over legal re-
quirements of S27s,452, 800, an increase
of S173, 63s,G70 over the preceding week,
making the surplus the largest in the
history of the local banking institu-
tons. The largest previous surplus
was S224,l22, 300, held in the week Of
September II, 1915.
In the present instance the sudden
expansion in the excess reserves OF the
Clearing House banks is explained by
the lowering during the week just
ended Of the reserve requirements
under the recent amendments TO the
Federal Reserve act. Under the old act
the members of the Federal Reserve
system in Central Reserve cities were
compelled 10 maintain their reserves at
Is per cent of demand deposits. AS a
result of the amendment which is now
in operation the banks have to keep re-
serves of only 10 per cent. This
amounts to a reduction of 5 per cent in
legal reserve requirements. Accord
ingly, there has been released approx
mately s112,o00,000 in funds of local
member banks which heretofore have
heen maintained as portion of their
reserves.
Decrease In Loans
The balance of the increase in sur
plus reserves was explained by the re-
lease of funds which had been tempo
rarily tied up as q result of the Liberty
Loan payment and the half yearly divi-
dend and interest disbursements. Loans
and discounts of the Clearing House
banks last week decreased $30,278, 900,
while net demand deposits increased
$751; $4,000 TO a total Of S3.5SS, $685. 900.
The United States government now has
on deposit with New York Clearing
House banks total of $3.50, 066,OO0.
In banking circles it was predicted
yesterday that the large increase in the
surplus reserves would be an important
factor in forcing money rates down.
National Banks Lose Deposits
Returns of the national banks to the
Controller of the Currency as Of June
90 show a general reduction in deposits
compared with the previous bank call
of May l. Out Of thirty banks in the
country with gross deposits of over
$4,000, 1000 losses in deposits were re-
ported by twenty-four. OF the six re-
porting gains. four were in New York
City. The following statement in
cludes national banks showing deposits
Of $50 100000 or more on June 20, COM
pared with the corresponding date OF
last year:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-08

In spite of all efforts to keep the
production of steel at the maximum,
so that war needs may be met with
out starving the industries to which
an ample supply of steel is essential,
the output of pig iron shows ten
dency to decline. Per diem produc-
ton in June was 109,002 gross tons,
against 110,238 tons in April and
111,165 tons in March. Notwith-
standing the fact that many new
furnaces have blown in meanwhile,
the June output was, as will be seen
from a glance at the chart on the OPP
posite page, only slightly larger than
that of the corresponding month
year ago, while for the first half OF
this wear the total output was about
$50. 600 less than in the like period OF
1916 and approximately 100000 less
than in the closing half of last year.
This deficiency was due in consider
able measure to the paralysis of rail-
way traffic witnessed in the first two
months of the year. When the worst
of the car shortage had passed
production was speeded up immedi-
ately, and prospects that the maxi
mum output of existing plant ca
pacity might be attained seemed
bright for a time. Then the iron
makers encountered another diff
culty-a serious shortage Of coke.
The extent to which this affected out
put may be judged from the statistl-
cal record. which shows that while
nine new furnaces were blown IN
during the month the average daily
OUTPUT was 300 tons less than the
daily capacity of furnaces in blast
on June 1. The daily capacity on
July l was 1875 tons, but the
coke shortage may make the reallza-
ton much less than that.
If the requirements of war steel
had not been superimposed upon
demand already in excess of the sup
NV the slackening in the output OF
/ iron might not have caused much dis
tress but as it is the situation be-
comes more serious day by day, ag-
gravated as it is by the fact that the
Governments needs are growing con-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-08
The Dollar in Foreign Exchange

The outstanding feature of the
weeks dealings in the local foreign
exchange market was the abrupt de-
cline in Russian exchange. Despite the
resumption of the Russian offensive in
Galicia rubles dropped on light trading
10 a new low record Of 2l.60 cents early
in the week. This compared with
normal exchange value of 5l.2 cents.
Toward the end of the week there was
a slight improvement to 22.25 cents on
rumors that preparations were under
way for granting substantial credits to
the Russian government. The persis-
tent weakness of Russian exchange Is
due largely 20 the narrowness Of the
market. There is scarcely any demand
at all and il requires only light offer
ings TO depress the value OF the ruble.
French exchange was weak for a
time in the middle of the week when
check francs dropped from 5.75 70 the
dollar 10 $40, but there was a quick
recovery on the announcement that the
United States had granted another
Sl00,000,000 credit 10 France. Sterling
rates were firm as fresh arrivals Of
gold were announced. Since the cur
rent movement began early in June the
British government has shipped US
S127OO0,0OO from Canada and more is
expected.
Exchange on Switzerland and the
Scandinavian countries held steady
most of the week. Spanish pesetas
were firm. Exchange still favors Japan
and there were fresh gold engagements
for Japanese, account IL is stated on
excellent authority that the accumula-
ton Of gold in Japan is giving the
financial authorities there no little diff
Guilty in finding means for its employ
ment. Before the United States entered
the war Japan acted in a limited capac-
ity as the Allies banker by floating
loans, but with the United States ac-
lively in the war there seems to be no
further need to call upon Nippon. II
is expected that this will cause a stag
nancy in the japanese money market,
and it is one of the problems which is
causing the empires bankers no little
concern.
II you calculate the cost of the dollar
in terms Of foreign money-that is, as
II you were buying dollars with pounds,
marks or francs-its value at the close
Of last week, as compared with a year
ego, would be about as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-08
illogical" Rates
Being Ironed Out
Interstate Commerce Com.
mission Rules on Schedules
in Central Territory

Washington, July by disallow-
ing Encouragement of freight classif-
cations in what is known as Central
Freight Association territory, the In
terstate Commerce Commission to-day
suspended proposed higher rates in
Michigan. Indiana, Ohio, New York,
Pennsylvania and West Virginia, but
granted a percentage OF increase. -.
Through adjustments Of illogical
ratings the commission suggested new
tariffs allowing. the railroad men esti-
mate, a raise Of per cent on classes
of freight constituting 25 per cent oil
the tonnage in this district.
Commissioner McChord, who wrote
the decision, declared to-day that the
increase in revenue is purely incl
dental. The main question involved
he said. was the dwelling Of rates
found inconsistent. While increases
are permitted in certain zones de-
scribed in the decision, carriers in Ger
tain other sections are, adversely az
feeted.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-07-08

indirectly, plus a fair return upon the
requisite investment. Thus the cost OF
coal represents the miners wages plus
the amortization Of the capital invested
in the mine. The cost OF steel is the
cost of the labor directly employed IN
Us manufacture. interest and deprecia-
ton on the cost Of the works and the
cost of the pig iron, coke, limestone
and other things used in making Il,
which cost is in turn dependent upon
the same factors namely, wages and
interest In the long run, under nor
nal conditions, this cost is equated in
the average price over series Of years.
II, for instance. the average price OF
steel for, say. five years nrior to 1915
has been P, the present price should be
p plus the ascertained advance in wages
since 1915. The same statement is
true of wheat. corn, cotton, paper or
any other commodity the production OF
which has been responsive 10 the law
Of supply and demand as expressed in
the market price.-Commerce and
Finance.