davidaulloa/AmericanStories huggingface dataset:
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1917-04-02
WANTEDrFen1a1e Help

WaETE D-E1porienced !&lp In our alteration room.
x. sp-2-g
WhHTED-G!rl for Iens<SI houserork. Nat phons
la'l-I. Mrs. Geo. LsSspAFcinO 100 Water g.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1917-04-02
MISCELLANEOUS

SELL ME YOUR c,t HOME FOR CASH.
YOU PROBABLY WANT TO BUILD IN
THE SUBURBS AEptHEED SPOT MONEY
TO SWING THE pEhr. I'll HELP YOU.
WRITE ME- TODAY: -
John HENRY.
INTEL :GEHcsR OFFICE.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-13
A Premium on Cash

While Russian exchange was de-
Ginning TO a new low record for the
war period Of $3.50 cents to the
ruble. foreign money brokers in the
fiancial district quoted cash rubles
in the form of Russian government
bank notes at the equivalent of 80
cents. In other words ruble paper
currency in New York commanded a
~ emium of 615 cents over ruble ex-
change on Petrograd.
It the offices of Zimmerman e.
forshay, foreign exchange bankers,
it was explained that the Discrepancy
between the exchange rate on rubles
ard the cash value of the paper cur
relicy was due to the fact that the
floating supply of cash rubles is ex-
tremely limited owing to the action
Of the Russian government in pro-
hibiting the shipment Of paper
money out of the country.
The bankers stated that a sub
stantial demand for Russian govern
ment bank notes has grown up here
lately. Large amounts of 100 ruble
notes and less have been sold to Rus
SLAMS and others who intend to 90 TO
Pussia after the war. Believing in
the future rehabilitation of Russian
frances these persons have bought
the bank notes in hopes that later on
they will pass at their face value of
5l.2 cents.
The persistent decline in ruble ex-
change has carried the rate now to a
point where the Russian unit is at
discount of more than 80 per cent.
Recently on the news that the Rus
sian Provisional Government had the
situation well in hand rubles recov-
cred 10 above % cents from a low
record of 25%. Lately they have
displayed pronounced weakness again
and, although the news of the last
few days has not been of a character
TO cause any fresh apprehension over
the trend of affairs in Russia, the
ruble rate has been forced down
steadily. Foreign exchange bankers
we're unable TO explain the fresh
weakness yesterday aside from at
/ tributing it 10 nervousness over the
J Russian situation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-13

Looking back over the statistical
record of the last thirty months, one
sees in every direction valleys and
peaks representing, first, extreme de-
preston Immediately following the
outbreak of war in Europe, and then
TIE extreme prosperity and imitation
which now obtain. Nothing in the
record is more striking than the
course of cotton prices through the
war period. In the fall of 1914 few
could see anything but disaster for
the industry. The foreign markets
were shut off and so far as the South
could see there was no prospect that
tfeie would be anything like a nor
NAL demand for the staple as long as
, the war lasted. In order to save the
planters from bankruptcy the forma-
ton of a great gold pool of 100000
600 was deemed necessary. 1t was
never utilized. Meanwhile, spot cot
ton sold for about cents q pound
less than the cost of producing it.
Now it sells at % cents pound and
there is discussion Of the advisability
of taking measures to prevent fur
! thcr rise in prices.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-13
Dividends

Great Northern Iron Ore Properties.-
Dividend Of 30 cents share, payable July ~
= stock Of record June 20.
Whit. Motor.-Re Regular quarterly dividend
OF 81 n share. payable July ! 70 stock OF
record June Is.
National Licorice Regular quarterly divi-
dend Of y per cent on the preferred STOCK
payable June 30 TO stock Of record June ..
Motor Products Corporation. - Regular
quarterly dividend Of 81 a share, payable
! July TO stock Of record June 20.
Toronto. Hamilton & Bufalo.-Dividend Of
! II. per cent payable July TO stock OF rec
ord June ~.
Merchants Dispatch Transportation.-Divi
dend Of 2i2 per cent. payable June - 10
stock Of record June Is.
American Gas & Eieotric.-Regulsr quar-
terly dividend of 2is per cent and an extra
! o. . per cent on the common stock. also the
regular quarterly dividend of Y per cent on
the preferred stock. Common dividends are
payable July . 10 stock Of record June ~ ::
! preferred, August 1 to stock Of record July
| IS
Kanawha & Michigan Regular quarterly
| dividend of I. per cent, payable June 81 10
stock OF record June 20.
Certain-Teed Products Corporation.-Divi-
dend Of sl75 on the first and second pre-
fcrred stock, payable July to stock Of record
June %.
Sloss-Shefield Steel & Iron Regular quar-
terly dividend OF IA. per cent on the pre-
ferred stock. payable July ! TO stock of
record June IS.
Northwestern Yeast. Regular quarterly
dividend Of per cent and an extra of 3 per
cent. both payable June Is TO stock of record
June ..
United Fruit Regular quarterly dividend
Of g.. payable July II 10 stock of record
June %.
Imperial Tobacoo.-Interim dividend Of II
per cent on its common stock. payable June
| -.
New York, Chicago & St. Louis Railroad -
Usual semi-annual dividend of 2i5 per cent
OF it's second preferred stock payable July
70 holders of record June 20.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-13
Silver and Lead Higher

War demands. which long ago virtu-
ally swept the market bare of SPOT cop
per, are rapidly diminishing the mar
ket supplies Of silver and lead. Bar
silver yesterday rose 70 n cents an
ounce. an advance Of 2is cents over
the price in the early part of the
month and within , cents of the eX-
IRENE high price of last February.
Quotations for lead varied. some pro-
ducers asking l2l2 cents pound, the
highest price for thirty years, al
though II cents was quoted by the
more extensive dealers.
The entrance of this country into the
war has given additional impetus TO
the inquiry for all the baser metals.
but lead has been among the last 10
feel the effect of this stimulus
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-13
We Must
"The World Must
Be Made Safe
For Democracy"

The right IS more precious than
peace. and we shall hsh, Tor h.
things which we have Away. earned
nearest our hearis-tor democracy,
for the RICH, Of those who subml, to
authority to have a voice IN their
own governments, for the rights and
liberties of small nations. for a uni.
yersal dominion Of right by such
concer, of free peoples as shall bring
peace and safety to all nations and
make the world itself at last free"
To such a task We can dedicate
our lives and our fortunes. everything
that we are and everything tha, W.
have. with the pride OF those who
know that the day has come When
America is privileged to spend her
blood and her might for the principle,
that gave her birth and happiness and
the peace which she has treasured
For these things we can afford to
pour out blood and treasure. For
these are the things We have always
professed to desire. and unle" W.
pour out blood and treasure now and
succeed. we may never be able to
unite or show conquerlng force again
in the great cause of human liberty.
The DAY has come to conquer or sub
NIT. If the forces of autocrscy can
divide US they will overcome US; #
we stand together. victory IS certain
and the liberty which victory will
secure.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-13
Active Securities
Stocks
IRv HE Asso.iated Pressl


Trading proceeded with greater eau
ton in the stock market, logical re-
suit of latest factors in the general
financial situation. Foremost among
these were the sitter money rates and
the more conservative attitude main
tanned by local banks in accepting col
lateral for loans.
Prices were uncertain at the outset,
but became tirmer almost immediate
ly. only TO fall back before the end OF
the first hour At midday another
rally was in order. the movement at
tanning wider proportions on the
strength OF rails.
Transcontinentals, grangers, coalers
and minor Western and Southwestern
issues figured among the active rails
al extreme gains of to 212 points.
Pacific Mail featured the steamship
shares at a further advance Of ?
points.
Best quotations were made in the
final hour, but the movement was
again subject to proit-taking at that
stage. United States Steel. which fell
to l29s on the liberal offerings OF
the forenoon, rallied TO 1914. and
closed at 1905. net gain of a OF
a point. Bethlehem Steel new stock
and Lackawanna Steel made extreme
gains OF IL to 3 points and Savage
Arms, one Of the inactive munitions,
made net gain of S points at IS.
Industrial Alcohol and United Cigar
Stores were among the strongest is
sues at the finish. the former making
up much of Mondays severe decline
Motors. oils and sugars were back
ward throughout the session.
Bonds were inclined to droop, Pa
cities showing some irregularity with
ow-priced convertibles. United States
bonds were unchanged on call, but the
coupon IS fell q per cent on single
sale.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-13
80 wealth Markets and Com C e
Patriotism of the
Railroads Attacked
Clifford Thorne Hears "Jingle
of the Dollar" in Plea
for Higher Rates

Washington, June l2.-Hearings on
the application of the railroads Of the
country for a Is per cent horizontal
raise in freight rates were closed to-day
by the Interstate Commerce Commits
sion. After three weeks OF testimony
and argument the commission has eigh-
teen days to reach a decision.
A Is per cent freight rate advance
would mean in round numbers $780,
900 900 annually, according to figures OF
the shippers, and would affect virtually
every big industry in the country.
The carriers have rested their case
on the statement that increased labor
costs due TO the Adamson law and
higher costs of materials, fuel and sup
plies have created an emergency.
Shippers have submitted data de-
signed to show that the earnings OF the
roads are on an increase, and that the
wear. 1917 will be the best in history
except 1916, which was the peak period
of railway earnings and admitted to be
abnormal. They contend that carriers
handling two-thirds OF the traftic are
in prosperous financial condition.
Clifford Thorne, chief counsel for the
shippers, told the commission that IN
the patriotic utterances OF the carriers
counsel he "heard the jingle of the
dollar"
During this war" he said, at is es-
sential that the owners of our railroads
should remember that the war is not a
money-making enterprise. To-day Is a
most unfortunate time TO force another
tax burden on producers and consum
ers. Two-thirds of the traffic in the
United States is being handled by COM
panics having 81 900, 100000 surplus.
an the midst of one of their most
PROSPEROUS years the carriers are try
inc to force an added tax on the public
in the name of patriotism. AS Mr: Pat
terson. of the Pennsylvania Railroad,
pronounces that word | can hear the
Jingle of the dollar.
"The increase in wages due 20 the
Adamson law amounts TO 100 per cent
of their total revenue. And the day
after the Supreme Court sustained me
law these railroads asked an increase
of Is per cent in freight revenue.
ALLOWING these advanced wage costs
and for increased prices OF material
fuel and supplies. the railroads OF the
country will have larger net revenue
this year than any previous year eX-
cept 1916. In February the blockade
severe weather, embragoes and other
factors caused an apparent emergency
But in March and April net earnings
have increased tremendously. The
emergency has passed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-13
u. s. Treasury Finances

Washington, June l2.-Condition OF
the United States Treasury at close to-
DIV showed: Ne, balance in general
fund. s34e,451,tet; total receipts, ST.
6e2. 1892: total payments, S5,8t1,e28. The
deficit this fiscal year is s28,853, 1855,
against a deficit of s3e.701,o27 last
year, exclusive Of Panama Canal and
other transactions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-13
News Digest
Foreign

Stock Market in London Cheerful
London, June l2.-The Chancellor's
statement concerning the increased
cost of war failed TO disturb senti-
ment Markets were quiet and cheer
full. with git-edge securities showing
a hardening tendency. Spanish bonds,
Mexican rails and Argentine issues
were best of the foreign section, while
oils and industrials were steadily
supported. Russian securities remain
weak. The American department
ruled quiet, with prices irregular.
London Money Market.-London, June
- Money in increased supply. Dis
count. rates easy. Money. 4G4h per
cent. Discount rates - Short bills,
4 ll-l6 per cent; three months bills,
Az per cent. Gold premiums at Lis
bon, IS.
Paris Bourse.-Paris, June l2.-
Trading was quiet on the Bourse to-
day. Three per cent rentes, 81 francs
confines for cash; exchange on
London. u francs Is centimes; s per
cent loan, IS francs confines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-13
The Dollar in Foreign Exchange

Extreme weakness in Russian ex-
change furnished the outstanding feat
ure in the local market yesterday.
Rubles dropped to low record of $3.50
cents, closing at 1890. Pesetas dis
played pronounced strength and closed
at 1885 cents, a new high record. The
rest Of the market was quiet, with rates
steady as a rule.
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, 1917-06-13
Tuesday, June II, 1917

Hearings on the application of the
railroads for an increase of 10 per
cent in freight rates have come 10 an
end. The Interstate Commerce Com
mission now has in hand tons OF
figures and graphic exhibits offered
in evidence by both sides-the ship
pers and the railroads. The argu-
nients of the railroads, in the main,
have been supported by citation OF
the same sort of facts, statistics and
direful opinions as were presented on
former occasions when higher rates
were sought, and have been met by
about the same arguments which the
shippers have used heretofore. If,
as the railroads contended at the out
set. the application for higher rates
was made because revenues must be
increased to meet a national emer-
gency, it would seem that a good
deal of ground covered before has
needlessly been gone over again in
the hearings just finished. The es-
sential points in the issue raised by
the present crisis seem to have been
obscured a good part of the time by
a great deal of detailed discussion Of
facts with which the Commerce Com
mission was perfectly familiar be-
fore the hearings began. Wall Street
is expecting an early decision-the
tentative order fixes July ! as the
date on which the increase, If
granted, will become operative-but
if such expectation is realized it will
probably be because the commission
finds a verdict without bordering too
deeply over the mass of evidence
which has been piled upon it.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-13
Teleph one:
Hanover 65l4

time loans based on Stock Exchange
collateral quotations were advanced y
per cent all around. Loans on indus
trial securities were actually placed on
a per cent basis. while the nominal
quotation for mixed collateral loans
was ~ per cent.
Lenders are influenced in their att
tude by the impending payments OF
subscriptions TO the Liberty Loan. A
successful ho;ation Of the loan in a
popular way. IL is pointed out. would
relieve the situation. rs the banks IN
that case would not he burdened with
carrying a large unsuhscribcd balance
An interesting feature of the local
money market as il now stands Is the
fact that any further rise in money
rates is likely 70 bring offerings OF
money from interior institutions. TINS
is one Of the automatic checks that
normally tend TO keep rates down
down here. Besides this. it is a well
known fact that gold imports will be
resumed Immediately the need arises.
Great Britain can ship in gold from
C.nada in twelve hours at the most,
and the understanding is that this will
be done if money rates here warrant
it.
Call money at the Stock Exchange
was in liberal supply yesterday: Many
institutions which have withdrawn
from the time money market for the
time being were lenders on call. The
ruling rate was AZ per cent, the same
as the preceding day.
Closing rates on money yesterday,
compared with year ago, were as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-13
Relevant Facts

White Star Line.-The report OF the
Oceanic Steam Navigation Company
White Star Line for the last year
shows a profit Of g2,402,7 5s, after pro-
viding for deferred repairs and con-
tingent liabilities, including excess
profit taxation. and adding interest on
investments and transfer fees. The
profit represents an increase of f434,473
over that for 1915, which was more
than double that for 1914
To the profit of 1916 there has 10 be
added fl56.768 brought forward, and
after deducting debenture interest, di-
rectors' fees. income tax and deprecla-
ton, transferring s250,000 10 general re-
serve, s550.000 TO the general purposes
fund and making a donation of 10000
TO the staff approximation fund, there
remains at the credit of profit and loss
81 .050,63 Dividends amounting TO
e750,000. equivalent 10 20 per cent on
the capital Of the company, have been
paid. leaving a balance of f300,636 TO
be carried forward, as compared with
sl56,76S brought in.
Carolina & Iadkin River Railway
Company.-A committee of which Alvin
w. Krech is chairman and Samuel
Armstrong, of 81 Wall Street, secre-
tary, has been formed for the protec-
ton OF the interests OF holders OF the
company's bonds. interest on which
was defaulted June /. and requests de-
posts OF such bonds, for which nego-
table receipts will be issued, pending
the formulation of a reorganization or
some other nrOtectiVe plan
Pittsburgh. Youngstown & Ashtabula
Railway. Gross operating revenues for
the year ended December 81, 1916,
amounting to Ss.057 $50, were sl,lsl 1852
higher than in the year preceding.
This gain was all lost to net earnings
through an increase in operating ex-
pcnses, net revenues totalling $685.
412, a decrease of sl50.686. Surplus
after taxes, etc. was s2.33l ,457, COM
pared with S2,543.670 in 1915.
Shattuck Arizona Copper. -Produc-
tion for May amounted to 1885, $50
pound Of copper, 233,1l pounds Of lead,
23.14l ounces of silver and 1877 ounces
of gold. In April the company pro-
duced 1,482 ,232 pounds of copper. 1884,
979 pounds of lead. 1928 ounces of
Chile Copper.-The company's output
of copper in May totalled 8,250,000
pounds, compared with S,o2S.000 pounds
produced in April and s,7l4,000 pounds
in March. In May, 1915, the company
produced 1864, 900 pounds.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-13
Money and Credit

Money rates tended 20 work higher
in the local market again yesterday.
Banking institutions continued TO re-
strict offerings, and in the case Of
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-13
Current

The above rates express the cost of
foreign money in terms Of the Ameri-
can dollar. You buy an English pound
sterling at, say. S4.75h. The intrinsic
parity is s4S6S per pound. Thus, you
say either that pounds are Mt n dis
count or that dollars are at a 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 to
settle accounts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-13
DO YOUR SHARE BY BUYING
A BOND.

REMEMBER THAT BESIDES
DOING A PATRIOTIC DUTY
YOU ARE. ALSO SAFE
GUARDING YOUR HOME
AND FAMILY.
We may not be able 10 physically
hchL but each one Of US IS dble IN
our individual nay 10 furnish am
muniiion BY subscription TO the Lib
crty Loan.
EVERY AMERICAN. NATIVE
BORN OR NATURALlZED,
SHOULD BE WILLING 70
MAKE EVERY SACRIFICE
TO SECURE THESE RE.
SUITS. WE CANNOT ARM
AND MAINTAIN OUR sol
DIERS WITHOUT MONEY.
EVERY MAN AND WOMAN
IN THE. COUNTRY WHO IS
ABLE TO BUY a LIBERTY
BOND AND DOES NOT DO SO
Is LENDING COMFORT TO
THE ENEMY.
This appeal to your patriotism
IS issued under the auspices Of the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-13
NEW YORK STOCK EXCHANGE
TRANSACTIONS

lh1.NC-tt lO.No
Rail- Other AL
roads. stocks. stocks.
Observation-Disclosures 609,900 721,400
Day before. 1880 $4,000 e74,2O0
Week ago. Holiday. Holiday. Holiday.
Year ago. .20I,500 $4,000 576,40O
January to date:
1917. ..10,011.7 700 go, 1870, 400 90. 1872, 100
1916. 1855, 400 e5, 428.7 700 77.7e7, 100
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-13

Below is gwen tho current exchange
value of foreign money in dollars and
cents, together with the intrinsic gold
parity. az calculated by the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-13

Commercial Paper.-Stagnation pre-
vailed yesterday in the commercial
paper market. with local institutions
doing comparatively little. Rates held
at per cent for the best regular matu-
rites.
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, 1917-06-13
u. S. Steel to
Pay So Extra
Dividend in July
Total Disbursements for
Quarter Will Amount to
Nearly $33,OOO,0OO

Directors Of the United States Steel
Corporation have decided to declare an
other extra dividend of per cent on
the common stock in addition TO the
regular quarterly disbursements of a
per cent on the preferred and "a per
cent on the common at the July meet
ing of the board. This fact was made
known yesterday after the close of the
stock market, along with the announce
ment that the directors had declared an
extra dividend of ! per cent on the
common stock, payable July %, the pur-
pose Of which is TO enable the common
stockholders to contribute TO the Red
Cross relief fund.
Generous Policy Pursued
Total dividend disbursements out of
earnings of the current quarter Will
therefore amount TO S32 ,990,790. the
largest in the history Of the corpora
ton. The distribution will be as fol-
lows:
Regular for the quarter:
Preferred, IA per cent. S6,304,e19
Common, IL per cent.... 6,353,781
Extra dividends:
Common, 3 per cent...... 15,249,O75
do, l per cent (Red Cross 5,083,02
Total .............. 1872, $50, 300
The action of the Steel directors in
adopting resolutions favoring the dec
laration of dividends at the coming
meeting at the same rate as in the pre-
ceding quarter was not unexpected IN
Wall Street. The corporation has been
liberal in sharing its prosperity with
its stockholders. and the indications
that in the current quarter the net
earnings will approximate Sl25,OO0,OO0
70 $3.50, 900 have given rise 10 be-
lief that no reduction in dividends was
&c be expected at the present time.
Earnings Are Phenomenal
Earnings of the Steel Corporation in
the first quarter of 1917 totalled Sll3,-
l2l.Ols. which set a new record. Re-
cent forecasts have fixed the figure for
the current three months ending June
80 S15,000,000 higher. although this is
subject to downward revision owing TO
the fact that the Steel Corporation has
accepted considerable government busi-
ness at prices substantially under the
open market prices.
Comment was made yesterday on the
fact that the Steel Corporation was pill
ing up earnings at such rateas TO en-
able il to disburse nearly S33,0000O0 IN
one quarter. increase wages OF It's en-
ployes four times ir little more than
year and make large appropriations for
extensions and betterments. This week
the directors announced an appropria-
ton of Sll 900 900 for extension OF sub
sidiary properties in Alabama.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-06-13

Sub-Treasury.-New York banks lost
TO Sub-Treasury s2,240,000.
Silver. - Bars in London, 80 Lie
pence; New York. II cents; Mexican
dollars, 59la cents.
Bank Of Germany.-Berlin via Lon
dom, June 12-The statement of the
Imperial Bank of Germany, issued June
7, shows the following changes, in
rLc.