davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27
Paul Warburg, in
City, Silent About
Government Loan
United States q Per Cent
Bonds Are Weak-Bank-
ers Await New Issue

Paul Warburg. member of the Fed
eral Reserve Board, arrived in the city
Yesterday from Washington, and MS
presence in the financial district gave
rise to the report that the government
intended to take immediate steps tow
ard the issuance of bonds to meet the
cost Of war preparations now under
way.
Bankers with whom Mr.. Warburg had
luncheon stated, however, that the SUD
ject Of government financing did no,
come I'D for formal discussion, ana
Mr.. Warburg himself RETAINED from
making any comment for publication"
Leading bankers frankly admlt'eu
Yesterday that they were not only
amazed. but greatly disappointed over
the seeming disinclnation of the Al
ministration. so far, to take them ih'o
;,s confidence as to the amount ana
nature of the financing when Is ho"
generally believed TO be inevitable
l.. s. Bonds Decline
While the condition of the money
market is such that it is not expected
the government will have any diiiicul'y
in obtaining all the funds it needs tne
bankers contend that loan amounting
70 as much as 81 ,OOO, OOO,O 900, the amount
frequently suggested of late as neces-
sarv TO cope with the present emer-
gency. would probably have the ehec'
of stifening money rates somewhat es-
necially if an issue of that size should
be announced Unexpectedly.
United States government per cent
registered bonds developed unlocked
for weakness on the Stock Exchange
Yesterday, selling off IA points, to
1917, and in some quarters this was
interpreted to mean that a new issue OF
securities might be announced by the
Treasury Department at Washington
sooner than generally anticipated.
French Loan Absorbed
Subscriptions TO the new sl00,00O,OOO
loan extended TO France by the syndi-
cate headed by j. p. Morgan e. Co. have
been in sufficient volume, it was stated
yesterday, to relieve those who partici-
pated in its fotation Of their response
bility as underwriters.
China May Get Funds
New York bankers in the so-called
six-power group stated that they had
not received any official advices from
Washington that the Administration
would refuse to approve their partlci-
patton in a reorganization Of Chnas
finances, based on the terms of the old
agreement, to the exclusion OF Ger
many. II. P. Dawson, Of j. p. Morgan
& Co., said: Jacob Schiff and myself
called on Secretary Lansing at the
State Department last week and pre-
scented a memorandum relative 70 the
Chinese loan situation. Up to the pres
ent time have not received any official
word from the State Department as to
what disposition will be made of the
matter"
The plan Of financing China, which
the international group Of bankers
would revive, provides for a loan of
S12b 600 900.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27

been forwarded to Cuba and South
America.
1t was learned yesterday that some
of the gold which has been shipped into
Mexico, apparently for German account,
has gone forward for payroll purposes.
One shipment of $4,000 for payroll ac-
count was maze last week, and recently
$4,000 was shipped to Mexico for this
purpose.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27
Money and Credit

Money rates showed practically no
change from the close last week. de-
spite the unfavorable statement Of the
Clearing House banks Time funds
we're in slightly better demand and the
tone was a trife steader. This applied
more particularly to loans based on in
dustrial securities as collateral. Six
months loans were made at TO Az
per cent. Loans on a mixture Of rail-
way and industrial securities were
slightly more active, largely as re-
suit Of speculation in the rails.
Most Of the days loans Of money on
call we're placed at "a per cent, or
slight fraction under Fridays closing
level.
Ruling rates on money yesterday,
compared with wear ago. were as fol-
lows:
Yesterday. Year ago
Call money. 2A1o 2 %
Time money mixed colla.craD:
60 days.". 3H@3}4s 2HG2A%
80 days... 3R@3A% 2}4@3 %
months. 3]4@4 % 3 %
10 6 mos. 4Po 3 %
Commercial Paper. - Offerings con-
tinue in small volume. Nominally the
msrke, shows no change from the rates
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27

The above rates express the cost OF
foreign money In terms Of the Ameri-
can dollar. You buy an English pound
sterling for s4.75n; the intrinsic par
ity is s4.S6Ss per pound. Thus. you
say either that pounds are at a 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, 1917-03-27
The Dollar In Foreign Exchange

The foreign exchange market was
dull yesterday and rate changes were
narrow as a rule. Italian lire declined
fraction to III to the dollar Marks
were slightly easier. Sterling rates
were steady on the arrival Of 100000
of British gold from Canada.
Closing rates yesterday, compared
with a week ago, were as follows:
4.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27
Australia's Trade in 1916

The foreign commerce Of Australia
during 1916, as regards both imports
and exports, holds the record for the
last four years. Comparative figures
follow:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27

Below is given the current exchange
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, 1917-03-27
The New York Central kailros' 81

New York. March s'rw,sr.
A Dividend Of one dollar ana csrla
ave cents (si.2s) per share on ,ns ,..eisrss
stock OF this Company has oess 81. Of ~
PAYABLE May 1. 1915. az me ORA sf ~
Treasurer 60 stockholders OF
close " business April = ~ r.,s.sfcf
INWARD l.. RoSSlrEh' Nv
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27
Corporation Returns

Bessemer & Lake Erie Railroad.-Anuual
report for the year ended December 81. 1916,
shows net earnings OF $4.s53.0G equal 10
97O.6i per cent on $500 900 capital stock,
compared with 1924 per cent earned in
1915.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27
Relevant Facts


road.-F'or the month of February
gross operating revenues of 81 1914 95
are reported, this being an increase Of
s947,464 compared with the CORE
spending month Of 1916 Operating in
come totalled s3,656,176, an increase of
S242, 406. For the eight months of the
fiscal year ended February % gross
revenues were S101, 740,955, an increase
of S14,463,075 over the corresponding
period of 1915. Operating income to-
tailed S35,S23,927, an increase of ST.
S5O,636. The percentage of return on
property investment for the twelve
months ended February % was 500 per
cent. compared with 547 per cent for
the corresponding period of 1916.
Chicago Railways Company.-Sur-
face railways Of the city of Chicago re-
port for the fiscal year ended January
81 last gross revenues of s34,789,636
and net revenues Of s13,046,114, which,
under the unfcation ordinance was
divided, 1882 SOS going to the Chicago
Railways Company and S5,2lS,445 to
the Chicago City Railways Company.
Net income of the Chicago Railways
Company, after all deductions,
amounted to s77s,1O5. an increase OF
SJ47,533 over the preceding year.
Ohio Cities Gas.-This was one OF
the specialties that moved vigorously
against the general market current
yesterday, closing sla points up at 100,
after selling as high as 1874. Total
dealings Appropriated $4,000 shares.
The stock sold as low as 81 last month.
There is s9,OO2,1OO (par s1OO) Of 50
per cent cumulative preferred and So
O91. 800 Of common (par $3.50 outstand-
ing. Full dividends are being paid on
the preferred and 10 per cent a year
on the common. In January the COM
pany declared in addition to the regu-
lar disbursement on the common an
extra dividend of Y per cent The
company is a holding corporation. Its
subsidiaries operate gas and oil prop
critics located in Ohio and West Nir-
ginia.
Bethlehem Steel.-The corporation
yesterday fled formal notice with the
Secretary of State at Trenton, y. d.
that the S45,O0O,OOO Class B stock is
sued in accordance with the amended
charter has been fully paid in; that
$40. 900. 900 of this stock was issued as
a stock dividend and that S15,000,OO0
was paid in cash. The Fidelity Trust
Company Of New Jersey filed the GER
tfcate as the New Jersey agent Of the
company.
New Haven Financing .-Applicatio
of the New Haven Railroad to the
Public Utilities Commission of Con-
necticut for permission to issue $780,
100000 one-year notes is a prelim-
mary step in the financing of the COM
panys obligations which mature May
l. These consist of s25,OOO,O 900 of the
New Ravens own notes and $4,000
600 of notes of the New England Navi-
cation Company.
Steamship Company Increases Capt.
tal.-Trenton, n. j., March 2;.-The A.
II. Bull Steamship Company, of New
ark, has filed a certificate with the Sec
rotary of State showing an increase of
capital stock from $4,000 900 to $4,000
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27
LrHIGu VALLEY RAILROAD oo o. iin'

Philadelphia. MAfgh - y.r
The Board Of DE~-on . ne 49, l..-.,-e
Railroad Company have ts ~ 81, ~ ~
on.rt.rIv dividend q tso and oas-ss, "a
ror 81 Is pc .harcl - Is Pssf''I,ss,, , 20 ~
,,orkheldsr, Il rs,'oud. Marh 81 ~ ~
euartrrly dividend o. i've sne oas.ss s "a y
loo Sis por shArel oa ~ oooH ,si- -,
,tockholders o. ruci. Mavh o.
pAyAhle April ~. 1917.
Cherks viii be mailed -,.,, rr-~nw
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27

Argentina wheat exports IN 1916 were
z,276,O tons, against ZHJG.O00 tons IN
1915; corn, 2,E65 900. against 4.300O 900,
and linseed, CO.., 300 tons, against 1914
900 In 1916.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27

Gold Currents.-Gold imports from
Canada were resumed yesterday after
lapse Of fortnight, with the arrival
Of s5,OO0,000 in bars. The metal was
deposited at the United States Assay
Office to the account of J. P. Morgan
g. Co. Gold imports this month have
amounted to s66,7OO,OOO and since the
beginning of the year to S225,7OO,OO
Boston Bank Statement.-The weekly
return of the Boston banks disclosed
a decrease Of s2,353OOO in surplus re-
serves. Loans and discounts increased
$1,565,OOO.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27

Steamship Company Increases Capt.
tal.-Trenton, n. j., March 2j.-The A.
II. Bull Steamship Company, of New
ark, has filed certificate with the Sec
rotary of State showing an increase of
capital stock from 100000 to s5,000,-
600.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27

Paris Bourse.-Paris. March 20
Trading was quiet on the Bourse to-
day. Three per cent rentes, 81 francs
80 confines for cash; exchange on Lon
don, 81 francs 50 confines; per cent
loan, IS francs % centimes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27

Lord Rhondda, the Welsh coal baron.
few days ago presided at the laying
Of the foundation stone in England OF
the first Of a number Of piggerles to
be erected in the coal mine country.
The scheme, he said, was started on
an excellent basis-that of the CO.
operative system whereby waste ma
terials from GOLFERS cottages would
be collected for feeding the pigs. With
a view TO giving the scheme a good
start, he said he would make a gift of
ten pure bred young pigs. Replying
to vote of thanks, he said that by
breeding and feeding pigs and grow
ing potatoes they were doing a great
work in combating the submarine
menace, as in this way human food
could be procured more quickly than in
any other.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27
New York

Clearing Through Federal Reserve
Bank.-The latest local financial insti-
tuition to adopt the plan of clearing
through the New York Federal Reserve
Bank is the Broadway Trust Company.
This brings the number so f'r up to
eight. The others are the American
Exchange National. the Liberty Ma
tional. the Corn Exchange, the Sea
board National. the Garfield National,
the Irving National and the Nassau Ma
tonal Bank of Brooklyn.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27

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, 1917-03-27
Bank CIearings.-Ths days clearing

Sub Treasury. - New York banks
lost to Sub-Treasury s1,S26,00O.
Silver.-Bars in London, ssh pence;
New York, 717s cents; Mexican dollars,
5j1a cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27
News Digest
Foreign


New War Bonds Weak in London
Market.-London, March 26.-The war
news gave the stock market gen.
orally cheerful tone to-day. Interest
centred in the dealings in the new 5
per cent war loan, which commenced at
953s, changed hands freely down to s41s
and closed at 90. The market other
wise was quiet. Rubber stocks contin-
ued active and firm, Brazilians i'm
proved further and shipping shares
were steady, while business in Kaffirs
showed signs of reviving. American
securities were neglected. Money was
plentiful. Discount rates were quiet
pending the actual issue Of tenders for
Treasury bills.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27

prevailing at the close Of last week,
with prime regular maturities ruling at
4 to Az per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27

New Bond Issue Authoritative
American Type Founders Company has
authorized the issuance Of 100000 6
per cent sinking fund bonds, due May
1, 1887. Holders of common stock of
record March 20 may subscribe to the
new bonds at par to the extent of 20
per cent of their holdings. A scrip
dividend of . per cent has been de-
clared on the $4,000 common stock
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27
Wilson & chardon
DIVIDENDS
UNITED FRUIT comPa"'
nI,InENn No. II

Dividend NJ. -
A quarterly dividend Of Two pe,s..t
1.-TWO dollars per sharel on ,.sI.reS
stock Of this Company has nee' snoitsr,
payable on April ~ 1871 10 -. v,rss
Of record A. the close OF pus''''
"a. 1911. -.
The transfer books do not .o ,,t
John ". DAMON, b'e
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27
ReAexes Of War

Sir Robert Borden. Canadian Pre-
mler, on arriving in London to attend
the War Cabinets conference with the
premers OF the overseas dominions,
said that more than 100000 men and
women are now working in the produc-
ton of munitions in Canada. OF
finances he said: Before the war our
borrowings were in London. and fnan-
cial authorities would have secuted the
idea that loan of S2O,O00,0OO could
be raised in our Dominion. For two
years We have not approached the Lon
don market, and our loans, placed in
Canada, have brought subscriptions ex-
ceeding S300,000.000 more than double
the amount asked for. For various pa
triotic purposes relating TO the war the
Canadian people have made voluntary
contributions aggregatng about $780,
100000. Besides, our own unprecedent-
ed expenditure, provision has been
made in Canada to assist British
finances TO the extent of S25O,O0O,0OO
used in payment for munitions. Of
this sum, S15O,OOO,OOO came from the
Federal treasury and SlO0,O00,OOO was
provided by the Canadian banks"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27

A further important development of
British enterprise in Italy has recent
ly been arranged. Sir Vincent Call
lard and +. Barker, directors of Wick
ers, Ltd, the big English munitions
manufacturers, have been elected di-
rectors of the Societa per lie Imprese
Idrauliche ed Elettriche del Tirso and
of the Societa per lie Ferbe Idrauliche
della Sils, in which companies the
Banca Commercials Italiana and its in
dustrial group are largely interested
The object of the two companies to
whom special concessions have been
made by the Italian government. is the
development Of hydro-electric power
for industrial purposes, and also for
agricultural irrigation in Sardinia and
the Southern provinces Of Italy. Hydro
electric power stations will be erected
to develop the power Of the rivers
Tirso, in Sardinia, and Sila, in Gala
bria. The two companies have already
begun work on an ambitious pro-
gramme. in the words of a London
newspaper "the arrangement may be
regarded as the driving of another nail
in the coffin of German penetration IN
Italy"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27
Transfer Tax Hearing Postponed

Information was received yesterday by
officials of the Stock Exchange that the
joint hearing scheduled to be held at
Albany next Tuesday on the bill pro-
viding for an increase in the stock
transfer tax from y to 81 per hun
dred shares has been indefinitely post
nnnpd
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27

Commercial Paper. -- Offerings con-
tinue in smaI volume. Nominally the
market shows no change from the rates
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27

Carbon Steel. Dividend Of s per cent on
the first preferred stock. payable per cent
on March 30 TO stock OF record March 26 and
4 per cent on September % to stock OF rec
ord September 25.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-27
French Loan Absorbed

Subscriptions TO the new slOO,OOOOOO
loan extended to France by the syndi-
cate headed by J. p. Morgan & Co. have
been in sufficient volume, it was stated
yesterday, to relieve those who partici-
pated in its fotation Of their response
hilitv as underNriters.
The Bridgeport evening farmer., 1917-10-22
ROLE OF MEDIATOR
 FOR MAYOR WILSON

At the request of the bayonet ztraighteners o fthe Remington Arms who. are at present on strike Mayor Clifford B Wilson will act as media tor and mal1e an effort to persuade the superintendent of the factory to hold a >conference with the men.
 According to Business Agent Samuel Levitt Of the machinists' union the mayor made an effort yesterday to get In touch with H. H. Pinneyso of the Remington Arms O.. but MT. Pinney was not in the city and 1t was also learned that he would probably return on Monday. Mayor Wilson will then in behalf of the strikers visit, Mir. Pinney and attempt to effect con- cfliafiou
The Bridgeport evening farmer., 1917-10-22
TO HELP RELIEVE
 SHORTAGE OF COAL

Anticipating a coal shortage and great suffering among the poorer peo- pie during the coming winter, the Bridgeport Hydraulic Co. is consider ing making use of timber from it's vast woodlands. It is suggested that city laborers cut the trees and chop the wood at the city yard. where supplies may be had at a moderate cost to needy families
The Bridgeport evening farmer., 1917-10-22
SWALLOWS POISON.

Mary Morgan is at the Bridgeport hospital suffering from poison self ad- ministsred during a quarrel with her husband. Felix Morgan. at their home. 10 Harvey street Saturday night Her condition is reported as fairs with chance for recovery. Mrs. Morgan swallowed several bichloride of mercury tabIets.
The Bridgeport evening farmer., 1917-10-22
REYBURN ABSENT.

Robert H. Reyburn of 829 Park avenue has been listed by the officers of the 102d U.- s. Infantry, in the san- itary corps of which he is a private. as absent without leave.
The Bridgeport evening farmer., 1917-10-22

Rudolph c. Mertens, who was Wheelsman on Dewey's flagship Olym- pia during the battle of Manila Bay, died at Charleston, S. C., aged 52.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-03-15
SUPREME COCRT MAY
DECIDE: CASE ON MONDAY

Washington March 1.-THE with
drawal from Washington OF the chiefs
of the big four railway brotherh hoods
has transferred the center of inter
est In the threatened railway strike
TO the metropolis where tomorrow
morning conferences between the
labor leaders and the railway man
ayers Will begin. Administration Of
ficials. hopeful that out OF the present
ominous situation some solution may
be found will bring pressure to bear
on both sides of the controversy
upon the men TO avoid precipitates
action and upon the railway man
ayers to effect concessions.
Great Apprehension Felt.
Nevertheless there is great appre-
henxion here. The brotherhood chiefs
have let ii be understood that they
are not In any mood for compromise.
The railway managers fully under
stand that the railway men cannot
force strike when war is imminent
and have with them the same general
public sentiment.
Meanwhile the decision OF the sd
preme court is hanging Are. II the
Adamson law should be declared I'M
constitutional the brotherhoods are
expected TO call general strike at
once. The decision is expected next
Monday. but there Is no certainty that
il will be Forthcoming. That furnishes
another problem for the administra-
ton.
The brotherhood chiefs admitted
last night before leaving for New
York that they were not now empow-
cred to call q general strike without
referendum. They say. however.
that they will have the backing of 80
per cent Of the workers In the event
they suggest a strike and the referen-
dunn is called
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-03-15
BLUES ENTRA|N FOR
THEIR TRIP HOME
Signal Corps and Field Hospital Are
Likewise Oh Way Back to
Old Virginia.

The First Virginia squadron of cav
airy, under command OF Captain John
A. Cutchins. left San Antonio, Tex.
yesterday on their trip back to Rich
mond. Entraining at the same time
were the Signal corps and Field hos
pital. The Blues and Signal corps
will conn directly to Richmond, the
Field hospital going to its home sta
ton. East Radford. for muster out.
On Tuesday Company A, of Engt-
neers. boarded their train at Fort Sam
Houston, Tex, for Richmond. The
command Is in charge OF Captain W.
F. r. Griffith, and is bringing back
sixty six men, sixteen horses and full
equipment. On their arrival in the
city II is believed that the command.
with the Signal corps, will be quar-
tered In the Grays' armory.
Captain Cutchins has requested
General Sale to obtain permission for
the men 10 use tho Administration
building at the fair grounds. while
the Blues are awaiting muster out
He requested this in order that the
men may be convenient to the horses
which will be chartered in the
grounds. II has been pointed out that
the large building. while ample for the
needs OF the men. is not heated, and
1t would be uncomfortable for the
troops.
As yet no arrangements have been
made by the war department for
handling the troops OF their arrival
and yesterday General Sale wired the
department of the East to arrange for
taking care OF the men, and sending
mastering officers here 10 have charge
Of returning the commands to the ma
tionai guard status II is expected
that the troops will reach the city
the early part OF the week.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-03-15
APPEAL ALLOWED IN
LUNENBURC CASE

The supreme court of appeals of
Virginia yesterday granted writ OF
error and supersedeas to c. y. Aber-
nathy in his case against the En-
poria Manufacturing company. on ap-
peal from the circuit court of Lunen-
burg county. In the case the plain
tiff on appeal is endeavoring TO re-
cover damages for 205.000 feet OF lum-
Der. which he claims was destroyed
when a spark from a locomotive of
the defendant set fire to the property.
In the case of W. r. Heath against
Gordon and Hume. the court refused
an appeal. The defendants on appeal
instituted suit in the court Of law
and chancery of Norfolk city to re-
cover commissions on property OF
Heath, the sale of which they claimed
responsibility. The court rendered the
verdict In their favor. and Heath then
appealed to the supreme court.