davidaulloa/AmericanStories huggingface dataset:
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-04-30
May Sales Linen Department

Buy household linens now and save none Retail prices
right at this lower than present wholesale prices
Plans were made months ago this great May Sale
position to offer dependable linens at less than market
prices.
Stevens Dons Pure Linen Towelng, bleached and
beached at zoe, 21c, 24c and Csc.
Half Linen Crash blue border excellent weare very special
at 15c yard
10 Pieces Pure Linen Twill Crash half beached worth soc
yard. Special at 24c yard.
1890 Hemmed Half Linen Huck Towels very absorbent and
certainly very much less than actual value today While 20
dozen last will sell this towel at 35c EACH $500 dozen
Linen Hemsitched Towels plain fancy borders all
sizes and worth double present prices 75 S5c S9c ST.
Sis to $500 each.
Mercerzed Damasks
The wise housewife using good quality of mercerzei
damak and conserving linens which time goes Will be-
almost priceless Foreseeng the present situation
chased heavily year and able TO offer values equal
to anything shown for several years past
We quote few special numbers only:
So inch Mercerized Dsmask 75c value, at 59c yard.
81 inch Mercerzed Damask, s9c value at Sc yard
20 inch Mereerzed Darnask 81 90 value, 75c yard
Imported Damasks
As handsome as any linen, wash and iron PERFECTLY.
y inch, si.25 quality, at $1.oo yard
y inch, $50 quality $1.25 yard
Napkins 10 match 22x22 nch at $2sS and $3.50 dozen
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-04-30
Very Special

Yards heavy unbeached Cotton D2maSk y inch vide
will wear like IRON cheaper than muslin, al 3ec yard
Brown or Eru Art Linens for table runners piano scarfs
doies ETC. all wanted widths and qualities.
IS inch 35c Soc 65c 20 inch 4oc 45e 55c; = inch
at Soc; u inch 65c d inch at Toe; 80 inch al 9Oc
These linens are very today and you will be particularly
we'll pleased with qualities and prices
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-04-30
MAY Sales in Notions

Betting st i6c 10 20C
Curved and straight.
klcmcnt shields az f3c Pair
Flesh color. silk lined
Nu-e-ra &c a Pair
You can sew 10 m the mid
nile.
Quality First at t5c, f5c, 100
New-York tribune., 1918-05-05
News Digest
New York

Stock Exchange News.-The weekly
bulletin of the Stock Exchange yester-
day contained the following announce
ments: Dissolutions of partnerships
N. l.. Carpenter & Co., r. II. Thomas
& Co., Gay & Goepel. Sternberger, Sim
& Co., Richmond & Myles, Peck, Ras
m,s G. Truesdale, Baruch Brothers.
New partncrships-N. l.. Carpenter &
Co., Charles r. Gray & Co., Grunthal,
Lilienthal G. Co.. II. Hentz & Co., Peck
g. Co. Change in firm names-Petti-
grew, Bright & Co. to Elmer h. Bright
& Co. Changes in firms-W. J. Woll-
man & Co., Walter w. Hess admitted; /;
Arthur Upper g. Co., Joseph ]. Nc
Cam admitted; William Morris lmbrie
& CO., Charles G. West, jr., and Waldo
s, Kendall admitted; Tucker, Anthony
& Co., Clement K. Ford retired; Glenn
ent, Curtis g. Co., Frederick C.. Aldrich
retired; Keen g. Ward, Charles r.
Vogel and F. Leigh. Richmond. jr., ad-
mitted; Moore & sSchley, L. Martin
Richmond, Arthur Myles and Evander
B. Schley admitted; H. P. Goldschmidt
& Co., Julius Bliss admitted.
Steel Company Calls Stock.-The Lu-
kens Steel Company has called for re-
tirement all of it's outstanding per
cent cumulative preferred stock at a
price not exceeding $103 share, plus
accrued dividends.
New-York tribune., 1918-05-05
Dividends
Regular Declarations

American La France Fire Engine Com
pany.-Quartery dividend of l Il per cent on
the common stock payable May Is to stock
holders of record May 8.
American Radiator Company.-Quarterly
dividend of per cent on the common stock,
payable June 20 to stockholders of record
June 20 also, the regular quarterly dividend
of 1s4 per cent on the preferred stock. paya-
BILE May Is to stockholders of record May Z.
American Railways Company.-Quarterly
dividend of l q per cent on the preferred
stock. PAYABLE May Is to stockholders of rec
ord May s.
Cedar Rapids Manufacturing Company
Quarterly dividend of three-fourths OF ] per
cent, PAYABLE May Is to stockholders of rec
ord April 80.
Fort Dodge Des Mones & Southern Rail-
way Compary.-Quartarly dividends of ! u
per cent on the common and l$4 per cent on
the preferred stock, payable May l to stock
holders of record April 20.
Foundation Company.-Quarterly dividend
of 81 per share on the common stock. paya-
BILE June Is to stockholders of record June ],
and the regular quarterly dividend of per
cent on the preferred stock. payable May Is
to stockholders of record May 8.
Montreal Lirht, Heat & Power Company
Quarterly dividend OF . per cent, payable
May Is to stockholders of record April 80,
Porto Rican American Tobacco Company
Quarterly dividend of per cent. payable In
scrip June to stockholders of record May 10.
]. G. White Co., Inc.-Quarterly divi-
dend of ! u per cent on the preferred stock.
payable June l to stockholders Of record
May Is.
J. C. White Engineering Corporation
Quarterly dividend of ] u per cent on the
preferred stock, payable June l to stock
holders of record May l5.
]. G. White Management Corporation
Quarterly dividend of ia per cent on tho
preferred stock. payable june l to stock
holders of record May Is.
New-York tribune., 1918-05-05
Government Active i'm
Cotton Goods Market
Sellers Are Cautious in Max.
ing Sales for Long Future
Delivery

Mills and selling agents have re-
malned out of the cotton goods mar
kets on any lines of merchandise the
government will require and which are
being allotted and secured as rapidly
as possible. The small volume of
trading among second hands has been
on lower levels in gray goods lines
and some sheetings, and there has also
been disposition to sell small quanti-
ties Of finished goods bought largely
for speculative profit. The increas-
ing requirements of the government
as we'll as the constant discussion of
price fixing, tend to make all sellers
cautious in the matter of sales for
long future delivery. The government
has been buying spot stocks of under
wear and other goods wanted urgent
iy and larger orders for many lines
are being arranged for contract de-
livery.
Finished goods lines, such as GIN
ghams, prints, colored cottons and
bleached goods hold very firm in first
hands and closer attention is being
is estimated that nearly half the knit
goods industry is now engaged on war
orders of one kind or another, and in
general cotton goods lines more ma
chinery is being allotted steadily on
government work. The presence of
many cotton manufacturers in town to
attend conventions, has led to consid-
cradle discussion Of the limited pro-
duction due to labor scarcity. Cotton
duck manufacturers report that they
are unable to operate to more than so
per cent full efficiency, because of
this trouble.
New-York tribune., 1918-05-05

tain franchises to build railroads to
the seashore and harbor necessary to
cheaper the cost of transportation.
French capitalists refused to run the
risk of building the railroads to the
seacoast and the harbor The action
Francaise" "a Paris newspaper) even
dared to print novel insinuating that
the German concerns were agencies Of
espionage, and this malicious lie has
been repeated many times since the
outbreak of the present war. Finally,
contract for building the ironwork to
French firms.
Resents Brutal" Treatment
Still more brutal was the treatment
accorded to the concern engaged in
working the Quenza mine in Algiers.
The fact that German firms, Krupp and
Thyssen, were interested in that enter
prise was sufficient to cause malicious
campaign by the French press. The
Paris government did not grant
franchise for the construction of
railroad, and finally insisted on the
admission Of French capital to the
mining concern. At a meeting of the
said that no German ought to be al
lowed to join French colonial syndi-
cate. Behind the Sand of most of the
Frenchmen was jingoism, but even
Jaures, who aimed at the establishment
of friendly relations between Germany
and France, approved the discrimina-
ton against Germans, "to avoid fric-
ticn"
And the German government did not
accord it's full assistance to the Ger
man pioneers of economic development,
although it is one of the chief duties
of the diplomatists to open foreign
countries to our enterprising capital
sts.
New-York tribune., 1918-05-05
Foreign Government Accounts Large,
Liberty Loan the Feature

The financial district gave itself up
unequivocally yesterday to putting the
third Liberty Loan cover the top" in
this district. All other matters were
set aside When the Liberty Loan Com
mittee announced shortly after the
noon hour that New York had passed
it's minimum quota of s9o0,0o0o00 the
size of the subscriptions that kept roll
ing in indicated that this figure would
be considerably exceeded when the COM
nlete tabulations were made. In one
BROKE Brokerage Office prize Of 800 bond
was offered to the one who could guess
nearest the total for the nation, as we'll
as for the New York district.
New-York tribune., 1918-05-05
The Dollar in Foreign Exchange

Pronounced weakness of italian ex-
change in the New York and London
markets during the past week indicated
the need of larger Italian credits to
pay for that country's heavy imports
from the United States and Great Brit
ain. Exchange on Rome fell to a new
low record for the war period, the rate
being equivalent to 9.03 lire to the
dollar. compared with a normal ex-
change value of 5.18H lire to the dol
lar.
In connection with the great decline
in Italian exchange the National City
Bank of New York says in its May re-
view:
"A glance at the records of trade be-
tween the United States and Italy will
show why exchange rates between
these countries are demoralized. For
the eight months ended with February
exports from this country to Italy ag-
gregated 1921, 1896, ,704, while imports
from Italy aggregated $2o,611,7s9. For
the corresponding months of the pre-
vious year exports were s228,2s2,8l0
and imports $32, 2,116,16S. and in 1915-I6
our exports were s1s1 1861 1870 and i'm
ports S34 ,3f3 ,6S4. For the month of Feb
ruary last our exports were $38,178,-
sS6, as compared with $16,68l, ,106 last
year, and our imports $1,000 ,902, as
compared with $2,351, 1897. 1t will be
seen that Italy has been steadily and
heavily increasing her purchases in this
market and at the same time sending
us fewer and fewer goods.
III Italy had favorable balances in
her trade with other countries thcy
might be converted by arbitrage trans
actions to Offset these adverse balances
here, but she has none that can be so
used. Italians in this country are
steady buyers Of Italian exchange, but
their remittanccs will not take care of
situation like this. The United States
government has loaned important sums
to Italy, but not enough to balance the
New-York tribune., 1918-05-05
Distillers Again Advances

Distillers Securities advanced yester-
day to 52A, within " Of the previous
high for 1918. Strength in the stock
was was said to be predcated on expected
favorable dividend action at the di-
rectors' meeting scheduled to be held on
Wedne sday of this week. Three months
ago the directors, in addition to the
regular quarterly dividend of one-ha!!f
of per cent, declared an extra diyi-
dcnd of j ~ pes cent. Members of tho
board have recently placed themselves
on record as saying tha; mis- rata W. ula
Reports that the extra payment would
be Increased were not credited in these
quarters. The company has purchased
the Wooner distillery, at Peoria, ILL.,,
which is expected to increase its pro-
New-York tribune., 1918-05-05
FINANCIAL MEETINGS
THE NEW YORK AND HARLEM
RAILROAD COMPANY.

New York. y. Y, April %. 1913
NOTICE IS HEREBY GIVEN that tbs
Eighty eighth Annual Me citing OF tho
Stockholders of The New York and Har-
lem Railroad Company. for he election Of
Directors and the transaction OF such
other business as may be brought before
the meeting, viii be held the Office Of
the company, in Grand Central Terininal,
In the City Of New York. Tuesday. the
2lst day Of May. 1918.
The Poll will be open at IL O'Clock Noon
and continue open for two hours there
after.
The Transfer Books will be closed at 3
o'clock 2. NJ. on Wednesday, the LIST day
of May. 1918, and re-opered on the morn
ing of Wednesday, the 22nd day OF May.
1918.
DWIGHT w PARDEE, Secretary.
New-York tribune., 1918-05-05

,rade account. The Italian government
mas taken several steps to regulate the
s.eua''on' as by requiring all exchange
transactions to be subject to the super
VISION OF a government board and re-
Gently forbidding transactions in fut-
ures' The latter creates very serious
obstacle to trade. An American ex-
porter taking an order in Italy to-day
VIII base his prices upon the relation
or the lire to the dollar but he will not
dare to take an order in terms of lire
unless at the time of taking the order
ne can arrange for converting lire into
dollars.
IT is perfectly evident that Italy
cannot continue to buy in this country
as she has been buying in the last wear
unless credits are created here by
which payments can be made, and in
the present state of affairs there is
only one possible source for such cred
it's"
While the rate on Italy was declining
Swiss and Dutch exchange continued
to advance, and in both cases new high
records were established. Spanish ex-
change, the other neutral exchange
that has been giving trouble owing to
ITS present high level. was firm. The
United States government, it is report
ed, is carrying on negotiations with
several countries looking to the sup
port of dollar exchange. Last week
another large credit was obtained from
Argentina to correct the exchange stu-
alton with that country, while similar
operation is about to be arranged with
Peru.
If you calculate the cost of the dollar
in terms of foreign money at par value
that is, as if you were buying dollars
with pounds, marks or francs-its
value at the close of last week, as COM
pared with a year ago, would be about
as follows:
New-York tribune., 1918-05-05
More Money in Circulation
Total in Country on May l
Was Sc. .954.63O

WASHINGTON. May 4.-On May /
the general stock of money in the
United States amounted to s6.540,95 y
$50. as compared with $5.414,96l ,0l5
on May l, 1917. the Treasury Depart
ment announced to-day.
Money in circulation on May
totalled S6,318. .546,7l7, as compared
with $5,240 ,261,50l on April l and S4,-
736,S41,960 on May l, 1917 Based on
the estimated population yof the coun-
try - 105,581, 900 - the Treasury De-
partment estimated the circulation Of
money per capita aggregated $50.37.
New-York tribune., 1918-05-05
duction of industrial alcohol by 1900,
600 gallons a month.
Fire Hits International Paper

Announcement that one of the mills
of the International Paper Company
had been destroyed by fire at loss of
more than 100000 induced some SELL
ing in the common stock yesterday, the
closing price of 38 being one point
lower than Fridays last sale. AS a re-
suit of the favorable showing made in
the annual report recently issued, pre-
dictions have been made that the junior
shares would soon be placed on a divi-
dend paying basis. 1t was said that di-
rcctors would meet this week to con-
slider the matter. Whether the fire at
Watertown will delay definite action
New-York tribune., 1918-05-05
Marine Becomes Active

After period during which the price
trend has been downward Marine pre-
ferred became more active yesterday
and the stock advanced to S7N, but
failed to hold its maximum gain, clos
ing at S7A for a net rise of only one
laration of SIS extra dividend by the
board it is said that there has been a
fair amount of short selling in this is
sue. Marines rise in the last two days
has been attributed more to short COW
ering than to long buying.
New-York tribune., 1918-05-05
Relevant Comment
Victor Decree Called Formal

The decree issued Friday by Judge
Hand in the Federal District Court of
New York declaring the Victor Talking
Machine Company a combination in
restraint of trade will effect no change
in the present management and con-
duct of the company, according to an
official, who was quoted Yesterday in
Philadelphia as saying: THE action
Friday was formal one, necessary to
close discussion which had been
pending for some time. More than a
year ago the government suggested
that we were doing business in viola
tion of the Sherman law in respect to
retail prices. On May 20, 1917, we
addressed letters to all our trade noti
flying them that the contracts which
were Objectionable to the government
would no longer be effective. There
fore, while there had been no action
in court UP to that time, it was neces-
sary to get definite ruling in order
to close the discussion"
Foreign Government Accounts Larger
An increase of approximately s11,-
100000 in the item "foreign govern
ment accounts" in the liability column
of the Federal Reserve Bank of New
York statement for the week is un-
derstood to represent deposits that
have been made to the credit of the
Argentine account with that institution
by American importers in connection
with the new credit arrangement en-
tered into between the two govern
ments. This item now totals $83, 1885,
New-York tribune., 1918-05-05

Bank Clearings. days bank
clearlngs at New York and other cities
were:
Exchanges. Balances.
New York. go. 1856, ,916,678 $68,499,73
Boston. n........ 44,831,8 o,646,542
Philadelphia... 59,84o,979 14,O69, ,662
Silyer.-Bar silver in London was
49sd, unchanged; New York, 99hc,
unchanged; Mexican dollars, 77c, un,
changed.
Sub -Treasury.-The banks lost to the
Sub-Treasury yesterday $799,0oO
Bank Acceptances.-Rate were un
changed yesterday as follows:
sno+ - Thirty Sixty Ninety
spot de- days. days. days.
livery: Per cent. Per cent. Per cent
e b. lie
banks; 1904 4A@41s 4a@4a
E | & b e
Der banks.4as@4a 4sa@414 1s@4s
Inelig ible
bank bills5A@4s4 sA@4s4 sA@4M
For delivery within thirty days:
Per cent.
Eligible member banks .... 4N
Eligible non-member banks. go. 45a
Ineligible bank bills.
Bank notes in Circulation. - The
monthly statement of the Controller
of the Currency shows that on Nav l
there were s6S6,099,360 national bank
notes outstanding secured by United
States government bonds, compared
with 664,245,44S on May /, 1917.
London Money Market.-LONDON,
May 4.-Money was easy at 2A per cent
to-day. Short bills were discounted at
312 per cent; three months bills at
9-16 per cent. Gold premium at Lis
bon 10000
New-York tribune., 1918-05-05
Money and Credit

= It funds to the interior on
n "a y L'herty Loan subscriptions
i13s.. g operations caused heavy de-
sn IS urplus reserves of the Clear
~ banks last week. The state
~ Yesterday showed "a surplus
reserve requirements of s37,-
oeerease Of s34,5os.410 COM
i wssk ago. Loans and dis
N stkd sl4.G85,o 900 to total
New-York tribune., 1918-05-05
Federal Reserve Banks

Of tho wo,vo Eodoro posou
o nea ssvoooo the last week. and bills discounted
acc0rdlng 10 weekly
eaa The banks condition the
RESOURCES
Gold coin certificates in sassaooo May ;Bs2oa AB9 Is Zoo
Gold R.
1oid with foreign agencies 52500O0o
Total gold
Gold with e62296Ooo
Gold redemption fund 2454,000 2398500o
Legal tender notes. silver ETC. 6394500o
Total s1seessooo $ssoe45ooo
Bills Observation-Disclosures,
Bills bought in 29IO29OoO 3o2,o99OoO
hand. $10471000 $,20458700O
term eurie.
United States securities 3146Ooo 374o70o
All other earning assets 2537000 2,722000
earning ......... s125o5esooo s28ee2ooo
aO314OO0
Oncoleced Items 3996s5,oo0 378,5310O0
Five per cent fund against
era Reserve Bank $4,000
All other resources $4,000
Total $354eo2aooo s5eesssooo
LIABILITIES
paid s75o4eooo s74esaooo
Surplus 13340O0
deposits ......,....... 7ssssooo 1aosesooo
Due member
Collection items 2575e30oo
other deposits including form govt credits
s1se75e2oo0
edera reserve NOTES in actual circulation 1556660O00
All 9th other 2 liabilities assoooo @ 7ss5 600
Total liabilities ss548o2aooo sa5eesssooo
Ratio OF gold reserves to net and
Ratio of total note lab-
comblned cent.
New-York tribune., 1918-05-05

The above rates express the cost OF
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling at, say, $4.75Ss. The intrinsic
parity is s4.S65s per pound. Thus you
say either that pounds are at discount
or that dollars are at premium, 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., 1918-05-05

OF s4,5oo,972,oo0. Net demand deposits
increased $55,052,o0o to total of
SATISFIED, 900. United States govern
ment deposits with the local banks de-
creased from SS5S.469 900 to s294.e96.-
600 during the week.
The Federal Reserve Bank of New
York increased its gold reserve from
s663.554,7S4 10 $690,S32,554 last week.
Bills discounted and bought decreased
approximately 5000, 900.
The actual condition of member
banks shown by the Clearing House
statement yesterday follows:
Loans, discounts, invest
ments, etc. c...........$ .$4, SOC, ,972, 600
Cash in vaults of Federal
Reserve members .., 1C5, see. 900
Reserve in Federal Re-
serve banks ........ 515.64o. 600
Cash IN vaults of state
banks and trust COM
panies Observation-Disclosures. 1895, 900
Reserve in repositories. 1868, 900
%Net demand deposits... 3,787, 7,7e1 900
Net time deposits. 182,831 900
Circulation ............. 1921 900
Aggregate reserve. 640,931 900
Excess reserve. e........... 37,199,S3O
$united States deposits deducted,
1924 ,00o
The changes from week ago were:
Loans and discounts. :. Dec S14,685, 900
Cash in vaults of Fed
eral Reserve men,
bers ................. Dec. CSC, 900
Reserve in Federal Re-
serve banks Dec. o6.o94. 600
Reserve in vaults of
state banks and trust
companies Dec $4,000
Reserve in repositories Dec $4,000
Net demand deposits. Inc. 55,052, 900
Net time deposits. Inc. 64o. 900
circulation ............ Inc. $4,000
aggregate reserve. Dec. 27,41O,OOO
Excess reserve. ....... Dec. 34,5O6,41O
Discount Rates.-The following table
gives the current rates of the twelve
Federal Reserve banls on commercial
paper on all periods I'D to ninety days:
------ Maturity ----,
Within Is days, 16 81
including men, to to
Der banks COL SO 90
lateral notes. days days
New-York tribune., 1918-05-05

Discount Rates.-The following table
gives the current rates of the twelve
Federal Reserve banEs on CONNIE rcial
paper on all periods I'D to ninety DAYS:
New-York tribune., 1918-05-05

4Gold
anks
according
a statement The banks condition business nigh
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1918-06-24
LIGHT PLANT MEN
GET WAGE RAISE

e. M. Campbell, heading commit
tee representing the South Side I'm
provement association, appeared be-
fore the Board of Works Monday and
asked the installation of hydrant at
South Eighth and N streets.
After discussing the question OF the
need of hydrant branch at that
point. the board finally decided that
the hydrant should be placed there as
the city was anticipating including the
Bealview addition with the city limits.
Superintendent Dillon asked for a
raise of wages for his employees at the
last meeting. The board ordered
wages Of the employees raised two and
one-half cents on the hour. The en-
ployes of the plant are now receiving
27M and 80 cents an hour.
The assignment of the contract for
the improvement of South Eighth
street was completed by City Attorney
Robbins and endorsed by the board.
c. NJ. Kirkpatrick, who was awarded
the city contract for that piece of
work, appeared and made the assign
ment to Mcnamara, a contractor from
Indianapolis who was awarded the
county contract by the commissioners
Saturday week
Kirkpatrick stated that when he
completed his work in this county he
would retire from the contracting bust
ness He said he had been in bust
ness over 20 years.