davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03
u. S. Industrial
Alcohol Co. Cuts
A 81 P. Melon
Board Expects to Maintain
Dividend at Is Per Cent
Even in Peace Time

Directors Of the United States In
dustrial Alcohol Company yesterday
voted the long awaited melon cutting
on the s12,OOO,000 of common stock
by declaring two cash dividends OF
Is per cent each, one for 1915 and
the other for the current year.
It was announced that the company
expects the dividends can be main
tanned at the rate of l6 per cent
year in the future. These are the
first dividends that nave been paid
by the company on its junior shares.
Horatio S. Rubens, chairman OF the
board Of directors, in announcing the
action taken at the meeting said:
at is recognized that the stock
holders of the U. S. Industrial Aico-
hol Company have been very patient
in awaiting the declaration Of the
dividend policy of the company.
During the last lew years it has
been necessary to provide additional
plants and equipment to take care Of
the company's rapidly expanding bust
ness. The board of directors deemed
it wise to pay for these out Of earn
ings rather than TO create obligations
Of a more or less permanent character.
The company's building and develop
ment programme has now been practi-
cally completed.
Indebtedness Wiped Out
"The floating indebtedness Of the
company has been extinguished and the
output for the current year has been
satisfactorily and firmly sold. The
company has set aside out Of earn
ings for the first half Of 1917 the sum
of S1,500000 as reserve TO cover
Federal Corporation taxes.
at has therefore been decided TO de-
clare a dividend of rate which 1t now
seems reasonable to expect can pc
maintained under after-the-war condi-
tions, owing 70 the entry Of the COM
many and its various subsidiaries into
additional fields Of production which
promise to be profitable under peace
conditions.
Accordingly. cash dividend OF 10
per cent has been declared out OF sur
plus accumulated prior to December
81, 1916, for the year 1916, to be PAID
on October TO stockholders Of record
on August 20, and dividend of 10 per
cent for the year 1917 to be paid on
December l to stockholders OF record
on October 20.
ct has been deemed advisable to de.
fer consideration for the time being or
the accumulated surplus OF the
company"
Big War Business
Earnings of the company have been
greatly increased by the war demand
for alcohol for the manufacture OF ex.
plosives. making possible the payment
of the dividends declared yesterday
on the common stock. Last year the
Industrial Alcohol company earned 80
per cent on its common, against IL per
cent in 1915 and per cent in 1914
The stock, which sold at $15 a share in
1914, sold up to $40 in 1915, and has
recently been selling above Sl5O
share. Yesterday it touched $l67
prior to the meeting Of the directors.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03
National Bank
Resources Now
Top l6 Billions
Reserves on June 20 Exceed
Legal Requirements by
$s42,OOO,000

Washington, Aug. 2.-Resourees Of
the national banks at the last call
June 20, reached the highest figures
ever recorded, Controller Williams an
nounced tonight, totalling slS,161,-
100000, or s2,224,OoO,00o more than
June 80, 1916.
Deposits in national banks, s12,7e9'-
100000, increased during the year 70
the extent of 1913, 100000, but fell
1906 900, 900 below the figures Of May
1 last, the last previous call. The re-
duction Is primarily due, il is thought.
TO Liberty Loan financing. Other re-
turns show:
Loans and discounts totallins 49,
s16, 100000, an increase Of N,lSS,-
100000 during the year; bills payable
and rediscounts, 1871 100000, an in
crease of 1903, 100000; United States
bonds held by banks, s9O5, 5000, 900, an In
crease of s174,0OO,OOO; specie and legal
tenders on hand, sl,482, 100000, an in
crease Of s2S,oOO,0o0; bonds and Sc
curities other than those Of govern
ments, s1,s43 ,O0O, 900, an increase of
sS15,oOo,0Oo.
Reserves, shown for the last time
under the old conditions. which per-
mitted banks TO carry q portion Of re-
serves with other than Federal Re-
serve banks, totalled s2,310,000,000, an
increase of $234,000,000, and s842S-
900, 900 more than minimum require
ments.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03
Statement About
Canadian Notes

The following statement was given
out yesterday by J. P. Morgan g. Co:
J.P. Morgan & Co., who with Brown
Bros. 6: Co. and Harris, Forbes Co. are
the syndicate managers of the group IN
Guiding the First National Bank, New
York City: National City Company, New
York City; Guaranty Trust Company OF
New York. Bankers Trust Company, Bank
~ Montreal and VIM. A. Read & Co..
which offered publicly $1OO.o0O,oOO Do
minion Of Canada two-year per cent
gold notes, sent out last night notice 70
syndicate members stating that subscrip-
tions had been received in sufficient volume
TO relieve entirely the syndicate members
from liability as participants. IL is stated
that allotment notices will be sent out in a
few days.
Inquiries at the Offices of the Morgan
firm were met with refusal to state
whether or not this announcement
m eant. as might be inferred, that the
loan had been fully subscribed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03
Swedish Interests in Siberia

It is announced that the Abakansk
Iron Works in Siberia have been pur-
chased by a Swedish financial group
These iron works are situated near
Minissinsk on the upper Yenisci
River and had been abandoned owing to
the lack of sufficient capital and means
Of transport. 1t is the intention OF the
purchasers to enlarge the works con-
siderably and to install the necessary
equipment for the manufacture of agrl-
cultural implements and machines on
a large scale. The Atchinsk- Minissinsk
Railway, which is now nearing COM
pletion, passes close TO the works. The
Abakan deposits from which the iron
ore will be obtained have been worked
in a desultory way since 1885. These
deposits are said to contain 100000
tons of ore. The ores are magnetic
and yield So per cent Of iron. The
Abakan River affords excellent facili-
ties for the transport Of the ores and
coking coal is also close at hand.
Coal from the Kuznetsk basin can also
be utilized.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03
Liverpool Cotton statistics.-Ltver
New York

Stock Exchange Seat Sold.--The
membership Of James A. Taylor has
been sold TO William B. Nash for
$4,000, unchanged from the last pre-
vious sale. The following substitutes
of members have been authorized as a
result Of the amendment to the con-
stitution relating to members who have
been called to the colors: Frank J.
Murphy in place of Fred L. Richards. Of
J. S. Bache & Co.; James B. Thomas
in place of Devices ". 'Dilworth, Of
Davies, Thomas & Co.; Thomas II.
rockingham in place Of Fuller Potter,
of Potter, Choate G. Prentice.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03
French Bank Dividend

The general council Of the Bank ..
France has declared dividend for ,,s
first half Of the present year OF va
free Of tax-that is, at the same rs..
as for the corresponding period OF Ias'
year. The dividend will be PAID !"
33. 500 shareholders, representing ~.
900, 900 shares. The sum due TO w.
state on the results of the hall yes,
working is about $5,000,ooo: tns
amount set aside By the bank with IN.
French Treasury for agricultural es
its is raised to $<0,o00.ooo n.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03
Iron Shortage Feared

San Francisco, Aug. Am iron and
steel shortage, already felt in the oil
districts of the state where it is i'm
possible to obtain material for con-
struction work, will become acute
in the Pacific states about the first
Of next year, according to report
published to-day by committee OF
manufacturers Of the California Coun-
Gil of Defence.
Remedies suggested included the
placing of an immediate embargo on
expectation of scrap iron to China and
japan
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03
Dividends

Standard Oil Of Californin--Reguar quar-
terly dividend OF $3.50 a share. payable Sep
TENDER is to stockholders OF record August
Is.
Maine Central Regular quarterly dividend
OF sl.25 on preferred. payable September
TO stockholders of record August Is.
Black and White Cab.-Dividend Of 81 a
share on the common stock and the regular
quarterly dividend of Ia. per cent on the
preferred stock.
General Observation-Disclosures OF s. a
share. payable September l TO stockholders
of record August 10.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03
2.e6t.OOC
The Dollar in Foreign Exchange

Neutral exchange rates rose sharply
again yesterday. Exchange on Sweden
went to 33& cents, up q from
Wednesday, and the highest level in
many months. The Norwegian rate
advanced to 30A cents. The rest of
the market was firm.
Closing rates yesterday, compared
with a week ago, are given in the table
below. American bankers have sus-
pended all dealings in German and
Austrian exchange, so that daily quo
tations for either marks or kronen are
no longer available.
Week
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03
Other Cities

Joins Federal Reserve System.-Bos-
ton, Mass. Aug. 2.-The Fitchburg
Bank and Trust Company, one of
the largest trust companies in the
western part of Massachusetts,, has
joined the Federal Reserve System.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03
Relevant Facts
Virginia Carolina Chemical. - This

Virginia Carolina Chemical. - This
company reports for its fiscal year
ended March 81 last net earnings of
$685. 49, contrasted with s5,427,467
for the previous year. Fixed charges
consumed s1,24S,S63 of the years net
and preferred dividends $l,6OO,944,
leaving a surplus Of s3,O55,442, equal
to 1901 a share on s27,9S4,4OO COM
mon stock, compared with slO.39 share
earned in the 1916 fiscal period. The
income accounts of the last two years
compare as follows:
1917. 1916.
Net earnings .....s5,so5, 24s s5,4N,4
Interest and disc'nt. 1,248,863 1,16o,2es
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03
Money andCredit

Quiet conditions prevailed in the
money market yesterday. Trading in
time loans based on Stock Exchange
collateral was light, with the general
situation showing no material change
from Wednesday. Borrowers are anx-
ious TO fill their requirements for over
the year, but loans of this maturity
are not offered literally by the banks,
which prefer the short maturities. In
money market circles much interest
VAS aroused over the advices from
Washington that the next instalment
of the Liberty Loan will not be made
until November. In the meantime the
banks are expected to be called on to
absorb a large amount of certificates
of Indebtedness issued by the Secretary
of the Treasury.
Call money at the Stock Exchange
was offered in more than sufficient vol
ume to meet the needs Of dull stock
market, rates ruling at 21s per cent,
with a low Of II per cent.
Ruling rates for money yesterday,
compared with year ago, were as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03

The proportion of the banks reserve
to liability this week is 1853 per cent;
last week it was 1886 per cent. The
rate of discount remained at per cent.
Bank Of France.-Paris, Aug. q
The weekly statement of the Bank of
France shows the following changes
in francs.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03

bonds-the faith and credit of the
United States-is a perfect security
IL the people make it so. The bonds
are good if the people are good.
There is no other answer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03
News Digest
Foreign

London Market Cheerful-London
Aug. 1.-The stock market was quiet
but cheerful to-day. Consols repre-
sented the chief movement In the gilt
edged section and hardened fraction.
Scandinavian stocks we're firm features
on the exchange position. Several IN
dustrial and shipping shares were sup
ported and advanced, but the other sec
tons we're inactive.
Paris Bourse.-Paris, Aug. 2~--Trad-
ing was quiet on the Bourse yo-day.
Three per cent rentes were quoted 81
francs ID centimes for cash; exchange
on London 81 francs is confines; five
per cent loan 81 francs 80 centimes.
Liverpool Cotton Statistics~--Ltver-
pool, Aug. 2.--Weekly cotton statistics;
Imports 1900 bales, American 1000;
stock $4,000, American $4,000; for
warded $4,000, American $4,000; no ex-
port; total sales $4,000, American
10000
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03

Gold Currents. 49, The Sub-Treasury
transferred Sl,163,0o0 by telegraph tt
San Francisco yesterday on account OF
the Shipment Of equal amount of gold
to Japan. Exports of the metal to
japan this week have approximate
$1,000 900, the heaviest movement in
many weeks.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03

Commercial Paper.-Such business as
was transacted yesterday was placed on
a per cent basis.
Official rates of discount of each Of
the twelve Federal districts are as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03

Chicago, Aug. 2-The Chicago Board
Of Trade and Stock Exchange voted 70
day to close Saturday In honor OF the
National Army day parade. First place
In the parade will be given to army
registrants holding No. 25S, the first
number drawn. Military organizations,
student officers from the Fort Sheridan
training camp, jackies from the Great
Lakes Naval Training station and Ma
tional Guard units also will be in line.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03

Sub-Treasury.-New York banks lost
to the Sub Treasury s884,00O.
Silver.-Bars In London, 40dsd; New
York, 80 cents; Mexican dollars, 62 =
cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03

London Money Market.-London, Aug.
2.-Money was plentiful at per cent
and discount rates were steady, short
bills being quoted at 4A per cent and
three months bills at 1916 per cent.
Cold premiums at Lisbon, 80.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03

the army draft. A large number OF
men have been summoned to appear
tomorrow.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03
American Steel Foundries.-Direct-
pittsbnrgh & West Virginia Railway

Company.SInitial Dividend-Directors
at meeting yesterday declared an mi
tial dividend of "a per cent on the
preferred stock for the quarter ended
June 80. The disbursement is payable
September to stockholders Of record
August %.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03
Northern Ohio Traction and Light

Company. - Gross earnings for the
twelve months ended June 30 totalled
IS. S64 ,695, against S4,5l3,599 the previ-
Gus year. Net earnings after operat-
ing expenses and taxes were s2,l9I5oo'
an increase of S219,S40. The net earn
ings were approximately three and one,
quarter times the company's annual
bond interest charges.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-03

Sears ROebuck. - Sales for July
amounted to sll,63l, 764, an increase Of
l5.49 per cent over the same month in
1916. For the first seven months Of
this year sales totalled ss6,525,20l q
gain of 27.33 per cent
The day book. [volume] (Chicago, Ill.) 1911-1917, 1917-03-08
MOTION. PICTURE ACTRESS SAY rs SHE SOLD
HER YOUTH FOR $50 IA WEEK
MOTION

.
The day book. [volume] (Chicago, Ill.) 1911-1917, 1917-03-08

annul a-eoRtraet. which binds her to
act for the one producing firm until
she is. q.
Miss MeLaren is only II now. She
is one of the newest and most pop
ular Of screen actresses,
The day book. [volume] (Chicago, Ill.) 1911-1917, 1917-03-08

University City, CAL, March g.
Because she says she sold her youth
for $50 a week, Miss Mary McLaren,
youthful star Of the .photoplays, has
brought suit against the Universal
Film Company She is seeking to-
Proletarec. [volume] (Chicago, Ill.) 1906-19??, 1917-04-17
kajZerjeVa Obl1uba.

POro6ali smo re, da je nemSki kajzer oblju-
bill pc vOjni nekatere ustavne reforme. Glavno
gre IN uvedbo sploSae volilne pravice IA pruski
dezelni zbOr in "a nekatere izpremembe v sestavi
pruske gosposke bornice.
Naravno je ,da ie nemsko t~asopisie veiko
razpravljalo o kajzerjevem pismu. V presojanjm
Niljemove obljube pa nj nikakrsnega edinstva.
RadikalneiSi listi, med mimi tudi nekateri libe-
ralni, MISC pray mic zadovoljni, ia Sc odlaSajo re-
forme ma dobo po vOjni. Ia to nezadovoljnos l.
nnio gotovo tehtne razlge. Obljmbe in izponitve
so v politiki sploh razlicne reel, V monarhiGui po-
litiki pa ST. posebno. Tudi nemSki kajzer ina ko-
pico dolgov ma ~obljubah, XII Jill ie ae Storil, in tn
iii take so med mimi, XII Sc titejo pruskega dezel-
mega zbOra.
Kakino earancijo more DAFT goSpod Viliem
Hohen2ollern narodu, da bo niegova beseda topot
wee ~zalegla, kakor V p~rejSniih ~SluGajih? Dial ie OBJ
ljuho - to je vSe. In to ie V resnici zelo malo.
llodimO reSni, pa So vpraSa jmO, ma kakSen
naGin So mOraio izveSti obliubljene reforme?
Pc vojni Sc lahko razpusti pruski dezelni
zlor in r~azpiSeio Sc move volitve. Ali V tenn sluGa-
in bo Viljem gotovo "konstitucionalen' to Sc
pravi: Ravnal sc no po zakonu. Volitve Sc razpi-
Sejo pc Sedanji volilni pravici. Rezultat bo Ia, da
bo novi dezelni zbOr seStavljen priblizno tako ka-
Proletarec. [volume] (Chicago, Ill.) 1906-19??, 1917-04-17

kOr sedanji. Mogoce je, da pride par mandatOv
wee V socialisticne roke; toliko Jill ne more priti,
da hi ~odloeali, ker ie to pc sedanji reakcionarni
razredni volilni pravici nemogoce.
Novemu deaelnemu zboru lahko prcdlozi ce-
sarieva vlada reformo volilne pravice. Toda kaj,
ce le nazadnjaSka vetma dezelncga zbora ne
spreime! Tedaj Sc lahko zopet pricne stara igra,
XII ie bila pred vojno.
Ali bo incl gospod Viliem toliko oilotno-
sti, da Sc tedaj postavi profit deIelncmu 2boru, da
ga razpusti in da aktroira SploSno vollno pra-
vicO?
Gotovo, lahko hi to storil. Ampak bilo hi
'neAakonito". Bila hi "revolucija cd zgoraj. y
bill hi StatsStrajk.' GoSpod kaizcr hi incl dvojno
pot odprto IA TO. Ena hi bila Ia. da cnoStavno
dekretira SploSno volilmo pravico in razpiSe VOLT
We ma ME podlagi. Druga hi bila la, da hi dial va
limo rcformo ma splCSno glaSovanje. Da hi bHa
tedaj s~prejeta, je gotovo.
Ampak oboje hi bilo nezakonito.
Seveda hi bilo opraviceno, kajti kajzer hi Sc
lahko skliceval ma TO, da izpolnjuje zelio ljudstvo.
kljub tenm hi bio nezakomito, torej revolucionar-
no.
Ali jc pricakovati cd Viliema toliko revoIu.
cionarne odlocnOSti?
Zdi Sc, da je radikalnejSi clement ma Mem
Proletarec. [volume] (Chicago, Ill.) 1906-19??, 1917-04-17

skem ne pricakujejO, in cato so nezadovoljni z cd
~laSanjem do casa po vojni.
Ako ne hi priSel pritisk od zgoraj, bi bilo tre-
la pritiska od spodaj, da ST izvrSe take reforme
To Sc pravi:: &c ne hi bilo vladnega StatsStraj.
ka, hi morala bti ljudska revolta. Razume Sc, ola
hi mogla biti revolucija lie tedaj uspeSna, &c bi
Sc lahko opirala ma zadostno moe. In ce hi bilo Ia
ko, So najbrie ne hi zadovoliila 2 volilno reformo
IA pruSki dczelni zDor, ampak hi zahtevala toll
ko, da sc goSpodu kajzerju Sc nikdar nj sanjala
izpoInitev takih zahtev.
&c Sc premisliio NiljemOve obljube 5 tega sta
liSca, jc zelo raznmljivo, da ne morajo zelo zado-
v%olJcvati Onih, XII hi res radi vidcli uresniGenje re-
form. Ravmo odlaSanje Jim mora ajboli jemati
v~eSelJe. kajti pravzaprav hi bila Ncdanja doba
naJprimerncjSa IN demokratizacijo Ako hi cesar
ska vlada sedaj n~aStopila $ Svoiim programom in
zahtevala, da Sc takoj izvrSi, hi moral gospodje
%Junkerji pokazati svoio pravo barvo. Oni, XII so
tako lojalni, da ie njihov zaStopnik V pruSkem
dezelnem zboru dejal: Cesar mora imeti we'd
no tohko moci, da odpoSlje lajtnanta z desetimi
mozmi, da razlenO parliament hi moral tedaj
pokazati, kako dalec sega praktiGno njih lojal-
most. kajzer hi tedaj vidcl, ce mora poslati laii-
nanta Z dcSetimi mozmi, da zatrc upor iunkerjev
roper njegovo in ljudSko zahtevo.
Proletarec. [volume] (Chicago, Ill.) 1906-19??, 1917-04-17

Najbrze sedaj ne bi bio treba lajtnanta, kai-
ii V sedanji dObi Sc gospOdje yelezeljarji ne hi
upali vprico vsega narOda pOkazati nelojalnosti
in nastopiti proti eesarski zahtevi. Spustili hi v
dezelnem zboru nekOliko gOvoranc o nevarnosti
take "radikalne" izpremembe, ampak zee bi Jill
njegovo veli6anstvO poklicelo k sebi, kakOr je le-
ia 1906. Franc Joaef poklical zastopnike avstrij-
ske g~osposke zbornice, XII kmalu napravili svoj
poklOn.
&c mine vOjna, mine pa tudi ia lepa prilika,
ze cato, ker mine sedanji 'BlTgfrieden" in Sc NJ
bodo ~junkerji wee cutili vezane ma nacelo nestran-
karstva.
Medtcm RO ie ma emf strani nezadOvOljnost z
odlaSanjem reform, ie pa VISA reakcija nezadOvolj-
ma ze Z obljubo in kritizira nameravane izpre-
membe, kakor da so %najmanje takO dalekOsezne,
kakor ruska rcvolucija. IL teh kritik je jasno spo-
znati, da bOdo vSi nazadnjaki, ce prideio reforme
res kdaj ma dnevni red, vodili profit MIN najbolj
zagrizenO opoziciio in upajo, da jh prepreGijo.
kaj Stori kajzer tedaj?
Sedaj, sedaj hi bill cas-! Polozaj je IN radi
vojne nenormalen. A tudi to, kar obljubnie kai
ger, jc "a NemGijo nenormalnO. Nenormalne reel
Sc pa najbolje izvrSe V nenormalnem casu. &c ne,
povzrotiio prcialislei same nenormalen cas-, mai
brle takega, ia ne DO incl Viliem veselja cd
MEGA.
Proletarec. [volume] (Chicago, Ill.) 1906-19??, 1917-04-17

emo in goSpodarsko zaS6to delavnega ljudstva. IA
ko kakor il 10 predpisujejo social:,ti6na nateln
Da pa more imeti njen trud, XII ga otezGavajo ne
normalne razrnere, kaj uspeha, mora predvsem
skrbeti "a >voje ~ojacanje. Organizacija in zopet
organizacija - TO je najnuineiSa naloga stranke :
nulna V mir1i, Sc boil pa V vojni. Vsi uSpehi so ODD
vi>ni cd organfzacije.