davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-28
To Raise Rates
On Export Steel
To Pacific Coast
New Schedules Will Apply to
Chicago, Pittsburgh and
Other Eastern Points

Washington, Feb. q. - Increased
freight rates on iron and steel from
Chicago, Pittsburgh and other points in
the East to Pacific Coast terminals for
export were authorized to-day by the
Interstate Commerce Commission.
The increases authorized are from
30 cents, the present rate, to 40 cents
from Chicago, and from AZ to 45 cents
from Pittsburgh. The rates will be-
come effective April 2, and apply TO
shipments destined for Japan, China
and Manila.
With the authorization of these in
creases the rates on iron and steel from
producing points TO the Orient by way
of Pacific ports will be approximately
~ cents higher per hundred pounds
than the rates by way of New York.
1.-THE quicker service, reduced war
risks and lower insurance rates" reads
the commissions decision. tend, how
ever. to equalize the rate disadvantage.
Chicago, with the proposed rate of 40
cents, would get through rate TO the
Orient via the Pacific Coast ports OF
$3.50, or five cents less than Pittsburgh
would pay via the Pacific Coast ports"
Little, II any, diversion of this traffic
from Pacific Coast ports TO Atlantic
ports is anticipated by the commission
because of the increased rate.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-28
Japanese Cruisers
Bring Russian Gold

Three Japanese cruisers, it was
learned yesterday, transported the
S100,000000 consignment of Russian
gold which arrived recently at Van
couver, and was thence forwarded by
rail to Ottawa, Canada. Three repre-
sentatives Of the Russian governments
Department of Finance, it is under
stood, accompanied the gold on its
long journey from Petrograd.
This is the second time japanese
cruisers have been employed TO carry
gold from Russia, s5O,00000O of the
metal having been brought over in
that manner last year.
Part of this last shipment from Rus
STA was included in the recent con-
signment of s49,500,000 received by
]. P. Morgan & Co. from Ottawa.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-28
Dividends

Central Leather.-Regular quarterly uivi-
dend of Ia per cent on the preferred STOCK
navable April . to stock Of record March ,.
L. S. Industrial Alcohol.-Regular quar-
terly dividend of ia per cent on the pre-
ferred stock. payable April 10.
Railway Steel Spring. Regular quarterly
dividend of IA per cent on the common
stock payable March 80 10 stock OF RECORD
March Is. and regular quarterly dividend oil
IA, per cent on the preferred stock, paysDle
March 20 10 stock Of record March D.
Packard Motor Car.-Regular quarterly
dividend of ia per cent on the preferred
stock. payable March - TO stock of record
February 70.
La Belle Iron Works.-Re dividend Of
per cent and an extra dividend OF : per
cent.
Pettibone- Mulliken. - Regular quarterly
dividend of ia per cent on the first pre-
ferred and fs4 per cent on the second pre-
ierred. payable April to stock of record
March H.
COMPUTING Tab ula tin e. Recording. Regular
quarterly dividend of ] per cent, payable
April 10 10 stock of record March %.
st. Joseph. South Bend & Southern Rail.
rosd.-Regular semi-annual dividends OF "a
per cent on the preferred and l per cent on
The common stock. payable March 10 TO stock
Of record March 10.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-28
The Dollar in Foreign Exchange

An abrupt break in exchange on
Italy carried the value of the lire in
the local market to a rate requiring
1855 lire to equal one American dol
lar, against a normal rate of 51S125.
This was new low record.
Lire closed on Monday at 7.47. ltal-
ian exchange has shown increasing de-
moralizaton here during the last few
weeks, mainly because Italy has been
making large purchases here, while
her sales in this market have been
entirely inadequate as an Offset.
The rest of the market was dull and
rates moved narrowly as general
thing. Marks were steady.
Closing rates yesterday, compared
with week ago, were as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-28
Active Securities
Stocks
Try The Associated Pressl
Wall Street, February 2

WdU Street, Fe0rudry Il.
Apprehension arising from the
strained relations between Washington
and Berlin was again the overshadow-
ing feature of the stock market. Low
est prices prevailed in the later deal
ings.
Trading was narrow and moderate at
all periods Of the session, except on a
temporary rebound Of prices in the
first hour, when the usual speculative
favorites displayed fair degree of
animation. With the cessation of short
covering prices fell back again, rails
losing ground with less stable isues.
United States Steel was absorbed in
round amounts during the forenoon,
and was sold with equal freedom later,
fuctuating between 109is and 10S, and
closing at 1885, net loss of q point.
Other steel shares were more irregular,
Crucible Steel, for example, making a
net loss of small fraction after rising
2 points.
Coppers were steady at the outset on
an active demand for the metal, but
yielded l TO = points with Central
Leather, oils, motors and their Access
series and various unclassitied stocks
on comparatively small offerings.
Shippings lost . to 3 points after
early gains, and Industrial Alcohol
made an extreme reversal of 33s. The
early strength of sugars and fertiliz-
ers was dssipated in the general set
back of the last hour.
Rails were more active, but almost
wholly at the expense of quoted values,
New Haven losing 2ls points on re-
ports of an approaching change of cx-
ecutive management, with to almost
2 points for coalers, the leading Pa
cites and Chicago & Northwestern.
Recurrent weakness in international
issues induced an irregular tone to the
bond list. United States bonds we're
unchanged on call.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-28
Relevant
Information
New Orleans, Texas & Mexico Rail-

New Orleans, Texas & Mexico Rail-
way.-An initial payment Of ~ per
cent has been declared by the directors
on the $15,l58,000 income mortgage
bonds. The distribution will be made
on April /, and is at the rate of 3 per
cent per year. The company reports
for the six months ended December 81
gross earnings of s3,990,179, compared
with $2,624,096 in the corresponding
reriod Of 1915. Net earnings amounted
to sl,755,iO against s676.694. After
all charges surplus of si,29s,7l9 re-
NAMED, as against $242,253 in the cor
responding six months OF 1915.
Kennecott Copper. - After ycster-
days meeting Of the directors. when
the regular quarterly dividend was de-
clared, President Stephen Burch an
nounced that cash copper and securi-
ties on hand now amount to over $685.
10000. After the payment of the divi-
dend declared the company will still
have a balance of approximately s21,-
0O0, 600. Kennecott shares after selling
up 10 45% yesterday reacted to AN,
closing with a net loss Of y on turn
over Of III 400 shares.
Weyman. Bruton. company's re.
port for the year ended December 81
last shows net earnings OF sl.44s.7Il,
against 81 .27ly;72 In 1915 and SI.l9S,
923 In 1914. The balance sysilsble for
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-28
New York
E,nelled from Curb Association.-W

ExpelIed from Curb AssocIatI0n.-W
c. Ralston. a former president of the
San Francisco Mining Exchange. and
at one time an assistant United States
treasurer at San Francisco. has been
suspended from membership in the
New York Curb Market Association
nendipg an investigation of the rea-
sons for his failure to receive certain
securities as directed by the board OF
representatives.
Mr.. Ralston refused to divulge the
name of a client interested in the
transactions. and because of this action
he was suspended on the charge that
he had technically violated the BUSH
ness ethics of the Curb Market Asso-
citation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-28
Tuesday, February 97, 1917

Foreign trade statistics plainly
point TO the probability that if the
war continues this country will have
TO provide Canada with credit In
much larger amounts than 1t has IN
the past. Since the closing of the
London market TO outside loans COM
PEELED us to assume the role OF bank
or to the Dominion, the Canadian
government and the provinces and
municipalities have borrowed APP
proximately $500, 100000 in this mar
ket, of which about S170,0OO,OOO-
less than half the favorable bal
ance in trade with the Dominion
was advanced to 1916. 1t is proba-
he, however, that we have really
loaned our neighbor more than ap-
rears in the record, through private
subscriptions to the war loans. Sir
Edmund Walker, president of the
Canadian Bank of Commerce, in dis
cussing the remarkable financial
achievements of the Canadian peo-
pie in the last two years, said the
other day: eve must remember that
in all of these loans our United
States friends came in to a great ex-
tent, and we will find when the war
is over that many of the bonds we
think we have taken at home have
been taken by United States invest
ors."
The participation of American in
vestors in Canadian internal war
loans no doubt explains the proposal
to make the next one payable IN
gold either in New York or Mon
treal, at the option of the holder, and
gives warrant for the assumption
that large part of the loan will
be placed in this market.
That will be only beginning,
however, if Canadian estimates of
the demand on this market should
prove accurate, for the export bal
ance with the Dominion is now run
hing at the rate of about S450,000,-
coo year, and we shall be expected
to provide sufficient credit to finance
at least two-thirds of it. Fortunate
liz. credit conditions in this country
ere so easy that the task should pre-
sent little or no difficulty.
The extent of the prosperity pre-
vailing in the belligerent countries
as the result of initiation and the
great volume of war order business
is clearly reflected in the commercial
mortality record. The number of
failures in the United Kingdom in
1916 was much smaller than in any
year since the records were first
compiled, in 1888. The heaviest de-
oreases in the number of insolven-
cies were reported by the jewelry,
drapery, furniture, grocery and pro-
visions trades. 1t is for the goo
handled by such concerns that the
workers spend the larger portion of
their earnings, which were larger
last year than ever before in the
history of British industry.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-28

The above rates express the cost Of
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling for s4.75%; the intrinsic par
ity is s4.S65s per pound. Thus, you
say either that pounds arc at a dis
count or that dollars are at pre-
MUM, which is owing to the fact that
in England the demand for dollars
with which 20 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, 1917-02-28
News Digest
Foreign

Nancy Easy in London Following
Loan Success.-London, Feb. 27.-The
action of the Bank of England in re-
ducing rates one-half of per cent, at
which il has been taking spare bal
ances from the clearing banks, is a
natural sequence of the huge amount
of money coming in from the war loan.
The money market is specializing
whether this foreshadows reduction
in the bank rate and an early issue
of treasury bills at lower rate
of interest. Undoubtedly the govern
ment's future borrowing Will be based
on the success of the loan just issued,
and interest rates will not be as high
as heretofore. Money rates to-day were
little altered, but discounts were easy:
The success of the loan and GOOD
war news gave the stock market
cheerful undertone, but did not in
crease business, which was moderate
Rubber and oil shares, the old war
loan and a few gilt edged securities
hardened, but the other sections were
irregular. Shipping shares were dull
and Cunards declined q fraction. Amer
lean securities were undecided.
Money. "a per cent. Discount rates,
short and three months bills. 5hd5L
per cent. Gold premiums at Lisbon,
5000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-28

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, 1917-02-28

New York, II cents; Mexican dollars
59ss cents.
Gold Currents.-Gold Withdrawals at
the Sub-Treasury for export yesterday
included sl,350,0O0 taken for shipment
to South America and sl22,0OO fer
Spain. Exchange rates strongly favor
both Of these countries. Bankers said
yesterday that further exports of gold
from the United States to Japan would
likely be made, as japan was again
building up large favorable balance
in her trade relations with this coun-
try.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-28

dividends on the common stock Issue
was s1,126,7l1, equal to 24.49 per cent
on s4,6O0,000 outstanding, compared
with PATS per cent earned on $4,000
900 in 1915.
Anaconda Copper. - Announcement
was made yesterday that the company
SIS ,000,O 900 two-year gold notes dated
March /, 1915. will all be paid of to-
morrow on maturity. The notes were
put out 20 axe over the holdings OF the
United Metals Selling Company, the
Greene Cananes and Inspiration Con-
soldated stock owned by the Amalga-
mated Copper Company. and to furnish
about s6,000,00O cash Tor improvements
at the two Anaconda copper treatment
works in Montana, to construct the new
zinc plant in Montana and tire copper
smelter at Miami, Ariz. Action OF the
company in voting to pay of the notes
out of earnings was not unexpected, IN
view of the strong cash position OF
Anaconda. Earnings of the company
last year were estimated at about $50
a share on an output of 332,OO0,ooo
pounds of copper.
Illinois Central. - This road has
placed orders for seventy-iiye locomo-
tives costing about 100000, including
twenty passenger and twenty switch
engines, from the American Locomotive
Works, and thirty-fve freight engines
from the Baldwin works, to be delly-
cred by fall. Passenger engines which
cost $4,000 two years ago now cost
about $4,000, and President Markham
says the orders involve twice as much
money as they would have sixteen
months ago.
Union Pacific. systems report
for January disclosed an increase OF
s1,O79,573 in gross earnings, but owing
to larger gain in the expense account
net earnings decreased s97,5O7, com
pared with the corresponding month Of
1916. Unions increase in operating ex-
penscs was due in part to the higher
maintenance charges, but the largest
rise was in transportation costs. This
item was 31.S per cent greater than in
January last year.
New York Railways.-Directors of
the company, at meeting yesterday
voted TO pass the interest due April |
on the s3O,626,977 adjustment income
per cent bonds. Last August the di-
rectors declared 1881 for each $1,000
bond as the amount of interest payable
October ]. This payment was from the
earnings for the six months ended June
80, 1916. This compared with $3.50
paid for the corresponding period IN
1915. This company's earnings fell of
substantially during the traction strike
last fall, and it is understood that this
was the reason for the action OF the
directors in failing to declare the April
l interest.
Shipping Interests Subscribe TO Brit
ish War Loan.-Among the subscribers
to the last British war loan were the
White Star Line and the Leyland
Steamship Line, subsidiaries of the
international Mercantile Marine Com
pany. II is stated that each of the
companies subscribed for SlO,OOO,OOO,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-28

ANDREW J. MCCORMACK. Aqcuonee''
pEC;1fIAR AUCTION SALE
STOCKS AND BoNDs~ cox
BY ADRIAN II. MT wiIffAS ST. ST.
WEDNESDAY. FEBRUARY rs. lsi"
an 1890 o'clock, At the
EXCHANGE SALESRoOM;
NOS. II AND 10 EE shn
For Account Of Executors,
20 shs German American banh'
s shs. Atlantic National e SAN Co
.hs German Alliance lnsurshes
u shs Fidelity-Phenix FiIe lunssco
10 shs German Amerlogpi oniSstion CO.,
Is shs North America hiquio~N0"
Is s sSs, wall street Exchange Building
Assn. V. T. c. -, Re
fl5 shs Title Guarantee g. Irus' w.
100 shs Lincoln Trust 90
Sa shs Rank Of the Metropolis
qe0 ans Hudson Companies preio.
ia shs Lawyers Title g. Trust 90
sh Brooklyn Academy OF Nus
.oo ans Pacific Coast co. comuioh'
'Vy T Sr'' Account Of Administrators.
shs standard Cordage CO. ,.r,
10 shs Chestnut Ridge r., X OF "a.
so shs n Y. & Penn br'0N'
=, oo0 I asr,S & Accident Lloyds cti
Ia shs Greenlawn Cemetery. t..oms
., d dS0 Sn,,,stock Tunnel co. ~ lnco"'
,.o iSH aSuanaiuato Reduction & Mines
,ss ooo sSs Tonopah Bonanza Nin'hs
Ass,nt No unpaid ,t.,ratof
pteht tide and interest OF adnl' n ~ Us.
"'e"' ~ NJ (. Josephthah IN ana xir.
tate Of John James 0iSssoh ace
~. 81 assignment recorded IN LII.
~ sur,ogates' Court OF ~ Y. SV pss.
=, Iibct ll0 Of eonveyanees
sV" n, Whom II May Conee
TOT ~ sanborn Map Co. -, co.
saS nv international Light foN' non..
'''VS shs KraJewski-Pesant Corph
go oon irr,nton. Lakewood SeseoA ,sii,
'-'VVV Isl Mtg. So BIDS. 1910. jan
S S lanes Eversrds Brews,ies q.
,oS M,ssourl Metals Corpn. LIST MIS-
'i''VVV cold Bonds 1895. -, MINK
AZ ~ cltizens Central Nat n"
az shs. German American bsns =,
~ 80 rifle Guarantee Tro" .e,s
"a ma American WOODEN % Tssterr
ia rs New York. ontar'o
On shs pennsyivsnia r. r. 20 Mtss
g, oeo rs, tied states Rubber 20
49, 40, Rds due Dec. !. isls, r. r.
- sns puffafo & SusQuehshhs
CorpA e-Ase~eAh
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-28
Commercial Paper.-Many Of

Commercial Paper.-Many Of the
local banks have practically withdrawn
from the market for commercial paper.
Interior institutions are buying in fair
volume, with Chicago banks taking the
lead. The market displayed renewed
irmness and may now be said TO be
established on a AZ per cent basis for
prime regular maturities.
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, 1917-02-28

Paris Bourse.-Paris, Feb. 27.-Trad-
ing was quiet on the Bourse to-day.
Three per cent rentes, 81 francs 70
oentimes for cash. Exchange on Lon
don, q francs s2la confines: Five per
cent loan, 81 francs IS centimes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-28
Money and Credit

Money rates are holding firm, with
only a moderate amount of business
moving. Lenders and borrowers are
proceeding cautiously and this makes
for increasing dulness in the market
FOR time money. Rates are fractionally
higher, with loans based on industrial
collateral quoted at Az per cent for
sixty and ninety days and ~ per cent
for four, five and six months. Mixed
money is quoted at 4 per cent for sixty
and ninety days, and 4 to Az per cent
for four, five and six months.
There is an abundance of money on
call offered on the Stock Exchange from
day TO day, and the rate yesterday
ruled unchanged at 2A per cent. Some
loans were placed as low as per cent.
Ruling rates on money yesterday
compared with year ago, were as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-28

Shipping Interests Subscribe TO Brit
ish War Loan.-Among the subscribers
to the last British war loan were the
White Star Line and the Leyland
Steamship Line, subsidiaries of the
International Mercantile Marine Com
pany. II is stated that each of the
companies subscribed for SlO,OOO,OOO,
or a total of 20,000,00O.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-28

Sub Treasury. - New York bank,
gained from ub.TressUry S2.9Z9 900.
Silver. Bars Ia London. 37n pence,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-28

dividends on the common stock issue
was sl,126,7ll, equal to 24.49 per cent
on s4,6O0,OOO outstanding, compared
with PATS per cent earned on Sf,OOo'-
600 in 1915.
Denver labor bulletin., 1917-10-06
c. F. & |. DID NOT
AGREE TO TERMS
WITH THE UNION
FALSE REPORTS IN DAILY
PAPERS STIRS COLO
RADIO LABOR.
No Explanation Made as to How
Report Originated of Success
full Conference With Rookie
feller in New York.

There has been no agreement
reached between the Colorado Fuel
and Iron company and the United
Mine Workers of America. Stories
were printed in all the Denver daily
papers Wednesday that James F.
Moran and John McLennan were hold
ing conferences with John d. Rookie
Teller. Jr., in New York. and that the
principal owner of the C. F. & l. had
decided to sign an agreement with the
union.
Just how this story was furnished
the press is not explained. Moran and
McLennan returned to Denver from
the East Wednesday morning. One of
the evening papers said the story had
been officially given out by the Colo
RADIO industrial commission, which
purported to have received a wire
from New York.
Thursdays Times contained the fol-
lowing statement from Jesse F. We'll
born. president of the Colorado Fuel
& Iron company:
There is no negotiation, either in
New York or elsewhere, for contract
between the Colorado Fuel and Iron
company and the United Mine Work
ers of America. and as both Messrs.
Moran and McLennan are now in Colo
RADIO. they cannot at this time be IN
conference with Mr.. Rockefeller IN
New York, as was reported in yester-
davis papers"
When questioned by a Times report
er at the Oxford hotel in Denver;
Thursday, Moran admitted that he and
McIennan had not held a conference
in New York with young Rockefeller,
but saw Starr J. Murphy, attorney for
Rockefeller.
There was keen disappointment ex-
pressed among labor men generally
and miners when they learned there
was no truth in the published accounts
of an agreement being reached,
The industrial commission of Colo
rado. Thursday afternoon. issued the
following statement, signed by the
chairman:
"Our attention has been called to
an article published in the evening
napers of yesterday to the effect that
the Industrial commission has received
communication from Mr.. Moran and
Mr.. McIennan stating that Mr.. Rocke-
fallcr had agreed. on behalf of the
Colorado Fuel and Iron company, to
Recognize the United Mine Workers of
America. The articles published were
entirely untrue. as no member of this
commission has received any such
communication. nor has anv member
of the commission received lnforma-
ton on the subject other than the
newspaper articles above mentioned.
These articles have caused great
many inquiries and as the matter is
one of considerable public interest. the
commission has thought best to make
this statement of facts.
THE INDUSTRIAL COMMISSION
OF COZ JORADO
"Bv HIRAM f HILTS. Chairman"
Denver, Colo. Oct. 4, 1917.
Denver labor bulletin., 1917-10-06
BUILDING RECORD
SEPTEMBER SHOWS TOTAL OF
S654,41O IN NEW STRUCTURES.
Total Building Operations in Denver
for First Nine Months of 1917
Give Increase over Last Lear.

Industrial activities and advances in
the artistic development of Denver's
parks has set new record of building
operations for the month of Septem-
Der. Permits issued by the building
inspection department of Denver show
contemplated structures and other op-
erations for the month amounting to
1854 4,410. This is S2S2,050 more than
for September, 1916, when permits
issued amounted to S3T2,360.
Total operations for the first nine
months in 1917 aggregate S3,596,750
as against ,720 for similar pc
riod in 1916, giving an increase of
S459,030. September's building op-
erations show nearly rs per cent in
crease over the permits issued for the
corresponding month last year.
Included in September's building cal
endar is a permit for a 100000 struc-
ture for the Queen of Heaven orphan
age, the Thatcher monument for $780,
600, the Standley Memorial hall for
$4,000, the International Rubber COM
pany's new unit for 100000, charg-
ing station for the Linde Air Products
company at cost of $4,000. and two
brick factories at a cost of $780, 900.
Fourteen brick residences were erected
at cost of $50, 800. ffty-three brick
garages at cost of S55,500 and alter
ations and additions to sixty-eight
buildings at cost of So, $50.