davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-09-17

IL per cent on the preferred stock, both
payable October Is to stockholders of record
October l.
Canada Cement Company.-Quarterly divi-
dend of ] =. per cent on common stock, pay
able October l6 to stockholders of record Sep
tember 80.
Gould Manufacturing Company. Ltd
Quarterly dividends of y per cent on the
common and IA per cent on the preferred
stock. both payable October l to stockholders
of record September 90.
Kaufman Department Stores, Inc.-Quar-
terly dividend of $1.75 per share on the pre-
terred stock. payable October l to stockhold-
ers of record September 20.
Ottawa Light, Heat Power COMPANY
Ltd-Quarterly dividend of 112 per cent
payable October l to stockholders of record
September 20.
West indies Electric Company. Ltd.-Ouar-
terly dividend of a per cent. payable Octo-
Der to stockholders OF record September 90.
New-York tribune., 1918-09-17
50
glS
- Commodities

overnight failed to cause much alarm.
as the season is far advanced. II ia
believed that nothing short of seyera
freeze will now seriously hurt corn. ex-
cept in a few localities, and the trade
was more concerned over the question
OF large receipts.
1t was said that the placing Of EN-.
bargoes against shipments to leading
Southwestern markets may divert corn
to Chicago. The visible supply de-
creased $4,000, 900 bushels for she week.
and the total was 5,1S1 600, against =.
$4,000 last year.
Yes'days Previous Year
New York: close. close ago
Corn. No. 2 yellow.s1.7s34 $685. 500 ~
Chicago:
September .-...... 1879 1.5a5s
october ..-..... 1852 1.o2Ie
Oats.-The oats market showed a
very steady undertone throughout the
day and closed with net gains of ssc
to 5sc. Receipts were liberal but Of
fers were we'll take~ and it was said
that exporters had made fairly good
purchases for prompt shipment, while
government buyers were believed to be
in the market. The visible increased
PTS, 900 bushels for the week and the
ICtdl vas - ~ o,DJp, against II, ,JS ,UUD
last week, and 108l8,000 last wear
The local cash market was firm; STAN
dard quoted at SIC; No. white, sec:
No. 3 white, Size; No. white, Sic:
ordinary clipped white, S2ls to S3hc.
all elevator.
Yesterdays Previous Yeav
New York: close close ago
Oats. No. 3 white. STE 81 $50
Chicago:
September ........ .71s4 i've .57y
October ....-...- .725s .72ls
Rye.-Market steady.
Yesterdays Previous Year
New York: close close avc
Cash, No. . West. SIZE s1.72 sfe3
Flour and Meal.-Quotation we're:
Ies'day's Previous Year
New York: close close. ago
Flour. Mimi. spg. pats1t.oo s1f.oo s,3.a3
Cornmeal. yellow gran $50 $50 5000
Rye flour, choice e.... e.25 9.25 1928
sKiln dried
New-York tribune., 1918-09-17
In d u s trial
Cotton

The cotton market showed continued
nervousness yesterday, but trading was
much less active, and prices ruled
steadier after the big break of late last
week. October contracts. sold off to
32.S9c at the start, but rallied to 33 365c
and closed at 1890, with the general
list closing barely steady, net points
lower to IL points higher.
The action of the market suggested
that long contracts disturbed by the
price-fxing statement of last Friday
had been pretty we'll liquidated before
the close Of Saturday and that little or
no change had occurred in the attitude
Of Southern spot holders. There was
little scattered Southern selling at
times during the day, but it was not
active enough to make any material
impression on the market and covering
was promoted by prospects for abnor-
mally early frost in Western belt sec
tions, as we'll as by the i proved tech
nical position. The Austrian peace
overture seemed to be regarded with
skeptlclsm and was not an important
factor, but. if anything, increased the
disposition to even up short commit
ments.
Liverpool showed the full maximum
daily movement, prices there being 100
points net lower at the hour of the
local opening, later showing very slight
rallies. Houses with Liverpool connec-
tions were sellers here at the opening,
which was barely steady at a decline
OF 27 to 35 points, and active months
showed net losses of 40 to AZ points
during the early trading. These early
offerings were soon absorbed, and the
Western belt forecast was followed by
more active covering. with active
months selling Z to 75 points above the
low level Of the morning and 25 to 81
points net higher. The advance was
then checked by realizing and later
fluctuations were irregular
Much of the business was attributed
to further evening up Of commitments
pending developments in connection
with the pricefxing proposal, the out
come of frost predictions and possibly
better line on the attitude of the
Central European powers on the peace
question.
There appeared to be no real appre-
henslon Of killing temperatures in the
South so carly in the season, but it
was believed that the lower temper
atures would check any growth pro
noted by recent rains in the Southwest
and render it less likely to reach ma
turity. Exports for the day were TO-
SCI bales. Southern spot markets as
officially reported were unchanged to
so points lower. A comparison of
prices follows:
New-York tribune., 1918-09-17
Dividends
Extras
Torrington

Torrington Company.-An extra
dividend Of / per cent on the common
stock has been declared, in addition to
the regular quarterly dividend Of 3 per
cent, both payable October 10 to stock
holders OF record September 21.
Prairie Oil and Gas Company-Ex-
ira dividend Of 81 per share in addition
to the regular quarterly dividend of So
per share, both payable October 81 to
stockholders of record September so.
United Verde Extension Mining Com
pany.-An extra dividend of 25 cents
per share has been declared in addi-
ton to the regular quarterly dividend
OF SO cents, both payable November l
to stockholders Of record October 8.
New-York tribune., 1918-09-17
New Zealanders Urged
10 Eschew Luxuries
While Imports of Alcoholic
Drinks Increase, Receipts of
Essentials Lessen

Prosperous times in New Zealand
have so greatly increased the consump-
tions of luxuries that the acting Min
lster of Finance has urged people to
economlze IN every way possible as re-
CARDS non-essentials Statistics re-
garding imports for the first four
months of 1918 would indicate that
while consumption of alcoholic drinks
is being discouraged in the United
States and Canada, it is increasing at
the antipodes.
From January to April 80 last. COM
pared with the corresponding 1917
period. imports of brandy into New
Zealand increased 21.92O gallons, i'm
ports of gin and schnapps increased "a,
25o, imports of whskey increased 154,-
500 and imports of still wine 12,416.
On the other hand there was a de-
crease on value basis of SITS 900 in
hardware imports. of $685. in machin
cry imports. of S96,692 in drapery I'M
ports, Of $e3,56S in crockery i'm ports
of $63,692 in textiles and of S527,9 ,976
in wooden products.
New-York tribune., 1918-09-17
Unlawful Practices by
Roads in Handling Eggs

WASHINGTON, Sept. 16.-Practices
Of carriers in the handling of eggs in
less than carload shipments are held
unlawful and unreasonable in a report
made to the Interstate Commerce
Commission by Henry Cuthill, ex-
aminer in the case of the National
Poultry, Butter and Egg Association
against the New York Central and
other railroads. The practices speci-
fed as unlawful include the payment
of damages only on broken eggs in
excess of 5 per cent, refusal to be re-
sponsible for damages to contents
where there is no external evidence
of damage, and denial of the right
of the consign to make examination
CT shipments before delivery.
New-York tribune., 1918-09-17
News Digest
Foreign

London Market Quiet. LONDON,
Sept. 16.-The Austro-H Hungarian peace
note did not affect the financial district
to-day. The belief prevails that moth
ing will come of it. Business on the
Stock Exchange was quiet. with good
undertone. There was renewed support
for consols and other Allied bonds. but
home rails weakened on account of the
labor situation. Oil and mining shares
were firm. Russian shares were dull
Money was in good supply and dis
counts were quiet. The Treasury an
noupces a new issue of three and six
month Treasury notes for tomorrow at
the unchanged rate Of 3h per cent.
New-York tribune., 1918-09-17
C. & w. I. Note Situation

Despite the publicity that has been
given the affairs Of the Chicago &
Western Indiana Railroad through the
failure of J. P. Morgan G. Co. and the
railroad administration to reach an
agreement for refunding the issue of
$15,0O0,000 one-year per cent notes
that fell due September l, it is limited
that new developments may arise in
the near future that may ultimately
result in an extension. This would pre-
vent the sale of the $21OOO,0OO of
bonds held as collateral behind the
notes.
New-York tribune., 1918-09-17

The above rates express the cost of
foreign money in terms of the Ameri
can dollar. You buy an English pound
sterling at. say, $4.75eo. The intrinsic
parity is S4.Se5s per pound. Thus YOU
say either that pounds are at dis
count or that dollars are at premium,
which is owing to the fact that In Enr,
land the demand for dollars with which
to settle accounts in this country is.
greater than the demand in this coun
try Tor pounds with which to settle ac.
counts in England.
New-York tribune., 1918-09-17
Telephone
Hanover 0S14

government requirements as we'll as for
their own commercial clients, it ap-
pears very unlikely that any broaden
ing demand will be experienced in the
near future"
Rates yesterday we're as follows:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent. Per cent. Fer cent.
E igible
mem ber
banks. =. .4I4@4 4as@4IA 43a@4A
f 6 bl lie
non-mem-
Der banks.4A@4Is 4ss@als 42a@4a
n el igible
bank blls5M@4 6M@42l 514@4s4
For delivery within thirty days:
Per cent.
Eligible member banks ........ aye
Eligible non-member banks ..... 15s
Ineligible bank bills. s............
Discount Rates.-Tha following table
gives the current rates of the twelve
Federal Reserve banks on commercial
paper on all periods up to ninety days:
New-York tribune., 1918-09-17
FINANCIAL MEETINGS
SOUTHERN PACIFIC COMPANY
No VF OF N EEL Nc.
los Broadway. New York. y. r,

y, y.
A Special Meeting OF the Stockholders Of
the southern Pacific Company Will be heid
at he office of this Company in Anchorage
october 3, 1918, at l2 o clock noon, stand'
ard time for the following purposes, viz.
To authorize. approve and ratify % tina
execution and delivery Of q contract or con-
tracts between this Company separately or
Jointly with any more all OF lug
proprietary and affiliated companies as
party or parties OF the first part. and tno
United States. its representative, a.
party Of the second part. relating TO tns
compensation to be paid for the possession
use and control of the railroad and system
OF transportation. and its appurtenances, OF
this Company and Of such OF its propFie-
tary and affiliated companies II any, a.
shall be parties to such contract, and to ing
operation, maintenance and return OK suen
properties. and to any other matter con-
nected with or growing out OF tho taklnS
over OF the said properties by the Presioenss
OF the United States and CD any action oh
the Board OF Directors OF this Company -
respect thereto; TO authorize the said boAlo
~ TO after amend or add TO sacn - oo, hs
tract, % to collect the compensation 10 ~
paid under such contract and. II said CON
tract be joint. to agree with the ot'o
companies parties thereto as 10 the division
OF said compensation. and 70 take al suS.s
other and further action the said bosis
shall deem necessary 10 secure adeousS
compensation, proper use, operation ~
maintenance, and timely return OF 20
properties so taken over; and senersliy "a
consider and act upon any and all ques.o.ss
and matters incidental 10 the putposI
aforesaid or growing out OF the atotesr Sm
Federal Control OF properties of this com.
pany and It's proprietary and affiliated 0'''
panles. 81.
For the purpose, Of the me Getting the bocAss
for the transfer OF stock viii be closed ,s,s a,
O'Clock +. NJ. Tuesday, September ~ ~, AZ,
an and will he reopened at 10 O'Clock a
Thursday. October 10. 1918.
By order OF the Board of Directorl-
HUGH NELL SecsssssH
New-York tribune., 1918-09-17
> u s t e n a n c e
Cereals

Wheat.-The visible supply of wheat
IN the United States made a record
gain last week, the total increase over
the previous week being II ASP 900
bushels. The total visible is now 67,-
464, 600 bushels, compared with $780,
OOO last year.
The movement has been of such
great volume that storage facilities are
being taxed and railroad embargoes
arc being placed against some of the
Western markets which give evidence
Of congestion.
With the price of wheat fixed by the
government there has been no incen-
tive for farmers to hold; in fact,
holding policy now would mean loss
in weight in tho grain and also interest
on the money involved.
The milling demand has been less &C
tive of late owing to the fact that the
Piled with flour. and so far the gov
ernment has been showing preference
for the expectation Of wheat, owing to
greater facility in loading.
Shipments continue of fair volume,
but stocks are larger at leading ship
ping points, Atlantic and Gulf ports
now holding 1O,191 900 bushels of the
visible supply The food administra-
ton, which recently stopped buying
export WneH on d lree-On-DOdrd DaSlS,
has revised its ruling and will now
make purchases under certain condi-
tlons.
Corn.-The corn market was nervous
and feverish. but after declining Is
to 17sc. prices rallied soon, and at the
close the old crop months were to
&c. net higher, while November was
lac. lower. Reports of frost in por-
tions of the Northwestern belt and
predictions of even colder weather
New-York tribune., 1918-09-17
Margarine Making to Suspend

Holland was large producer of
margarine before the war, but this in
dustry has languished because it has
been impossible of late to import some
necessary materials. Materials on
hand two months ago totalled about
io'elS long tons, and when that supply
suspend. r
New-York tribune., 1918-09-17
LEHIGH VALLEY COAr saIEs Co

ley Coal Sales Company have declared a div
idend Of Two Dollars per share. payable
october lst. 1918, to those stockholders OF
the company who are holders, of full l-share
certificates of stock, registered on the com
panys books at the close Of business Sep
ember 18th, 1918 Checks will be mailed
w. ]. BURTON Treasurer
New-York tribune., 1918-09-17
Cottonseed Oil.-The market W
Livestock, Meats, Provisions

Following are yesterdays prices. compared With
those Of year ago:
Yesterday. year :ge
100 ID $3.50 @slS.75 $3.50 6sI55a
Dressed beef sides.
Live veals. best.
100 lb ........l5.00 q Il 90 1900 a i7O
Dressed veals, city.
ID --.--..-.... IA % .55 % % rs
Live ewes. 100 ID 800 q I2.5o 500 q IiSo
Vim, prime. 100 ID. 800 q 1873 1900 q 1855
Dressed mutton. ID I7,2s q 7.2s 7.23 8 1y
Hogs. 100 ID. 2o.5O q 2l.OO 1900 q 1910
Dressed hogs. ba-
Mess pork. bb. 800 q 47.50 47.o0 q
Mess beet. Dbl. $500 q $500 1900 q 5000
Lard. Middle West
lb ............. .272so q 27.a5o z42oo q 7Asn
New-York tribune., 1918-09-17
NIPIssING MINES COMPANY, LTD.

September 1lth 1918
The Board of Directors has today de-
clared a regular quarterly dividend of Five
per cent. and Five Per cent. extra PAYABLE
october 2lst, 1918, to shareholders of record
as of September Goth. 1918 The transfer
books will close September Goth, 1918. and
reopen October 18th, 1918
z. c. PFEIFFER. Treasurer
New-York tribune., 1918-09-17
Finance Economics
WALL STREET OFFICE:
Mills Building, IS Wall st.

To all outward appearances yes
terday's financial markets attached
little Importance to the Austrian
peace move. The Vienna proposal
was considered interesting, but was
generally looked upon as part of
the new German peace offensive.
Perhaps in it's stolidity to the strik-
ing news the stock market was re-
flecting the general feeling in the
Street that the peace move of the
Central Powers would be promptly
rejected Stocks moved sluggishly,
and apart from some further liqui-
dation in the specialties, the trend
was not clearly defined. 1t was
such market as we have been ex-
periencing for several weeks; one
that gave evidence of unsettlement
over the money market outlook and
little else. In the market for for
eign exchange there was a slight
decline in the rates on some of the
neutral countries, but the move
ment here was not sufficiently pro-
nouhced TO be significant. The cot
ton market regarded the Austrian
peace move with skepticism. Bank
ers were almost unanimously of
the opinion that the proposal was
merely German propaganda.
In exercising its supervision over
the capital market in this Federal
Reserve District, the Capital Issues
Committee is now weekly passing
upon an average Of fifty applica
tions for permission to issue new
securities. These applications come
from corporations and municipali-
ties. Approval is granted in only
such cases where the financing is
essential. And at the present time
practically all rev financing is tenn
porarily held up at the request of
| the local committee pending the
hotation of the fourth Liberty
Loan. The Capital Issues Commit
tee Of the Philadelphia Federal Re-
serve District, in stating it's position
with regard to new financing, says
much that is pointed and that is
equally applicable in all the other
districts. municipalities" it says,
"must curtail their improvements.
The building Of new roads and
streets may be justified by only two
reasons: (D Military necessity; (2)
/ the most imperative economic neces-
sity. Measurably the same princi-
/ Piles hold good as to town halls, Ii
braries, streets, roads, sewers and
bridges. New schoolhouses, eminent
ly desirable in times of peace, are in
many instances unjustifable under
existing circumstances. These can
wait, that our armies may have the
support of all our resources. Except
temporary structures, England has
not erected a schoolhouse since
August, 1914. San Francisco re-
Gently reduced it's budget of 49,
100000 for new schoolhouses to
$435, 1000. Cleveland has followed
the same course. 1t is the belief of
the committee that only by subor-
dinating local and personal interest
to government needs and encour-
aging the most rigid economy in
general expenditures can the ma
tion hope to bear it's great share in
the financial burden of the struggle
and mobilize sufficient capital, labor
and material to win success. We
must not compete with the govern
ment for any Of these necessaries,
nor hinder it from getting what it
requires. The paramount demand,
therefore, is immediate and univer-
New-York tribune., 1918-09-17

Silvcr.-London, 49Hd, unchanged;
New York. 101 Mc, Unchanged; Mexican
dollars, 7Sc, unchanged.
Sub-Treasury. The banks lost
$4,000 to the Sub Treasury yesterday.
London Money Ratcs.--LONDON,
Sept. 14.-Money was unchanged at 3
per cent. Discount rates we're: Short
and three months bills 1872 per cent.
Gold premium at Lisbon remained
New-York tribune., 1918-09-17
DIVIDEND NOTICES
'EXAS PACIFIC COAL AND OH, COW
pANX

"A Broad Street
New York, September 16, 1918
The Board of Directors has declared the
regular quarterly dividend of one and one
half per cent q 129o) on the capital stock
OF this company, payable September go
1918. to stockholders of record at the close
of business. September 10. 1918, and
dividend of five per cent $50 on the
capital stock Of this company, payable
october 80, 1918. TO stockholders Of record
at the close of business October 10. 1918
The transfer books will not close
EDGAR l.. MARSTON. Treasurer.
New-York tribune., 1918-09-17
Reduction

Utah Consolidated Mining Com
pany.-The quarterly dividend has
been reduced from so cents per share
to % cents, payable September 80 to
stockholders of record September 21.
New-York tribune., 1918-09-17
The Dollar in Foreign Exchange

Weakness in some of the neutral ex-
changes yesterday was looked upon as
reflection of the news of the Austrian
peace move. Rates moved against
Switzerland, Holland and the Scan
dinavian countries, but the tendency
was not pronounced and declines were
not large. Allied exchanges continued
to display firm tone.
Closing rates yesterday compared
with a weel. ago follow:
Quoted dollars to the pound,)
New-York tribune., 1918-09-17
GENERAL CHEMICAL Cnvp.~v

20 Broad Street, New York, August 20, 1913
Inc regular Quarterly Dividend of one
and half per cent. Niago) will be paid
october |, 1918, to Preferred Stock holders
OF record at p NJ. September II, 1918
LANCASTER MORGAN. Treasurer.
New-York tribune., 1918-09-17

Below is given the current exchange
value of foreign money in dollars ana
cents, together with the intrinsic gold
parity. as calculated by the United
States Mint:
New-York tribune., 1918-09-17
New York

Barrett Company Merger Approved.
Stockholders of the Barrett Com
pany at a special meeting in Jersey
City yesterday approved the plan pro-
vidng for the consolidation of the sub
sldiary properties
New-York tribune., 1918-09-17
United States Rubber Financing

Plans Delayed.-Officials of the United
States Rubber Company have received
definite word from the Capital Issues
Committee at Washington that, in pur-
suancc of the policy recently adopted,
it will not allow the proposed refund
ing of $9,00O,0O0 notes of the General
Rubber Company, maturing December
1, until after the fourth Liberty Loan
has been hOated
New-York tribune., 1918-09-17
Bank Acceptances.-This n

cent discount basis.
Bank Acceptances.-This market is
quiet. Rates remain steady. A dealer
in bank acceptances said yesterday:
"The supply of new bills during the
last few weeks in the open market has
consistently outrun the demand The
Volume of acceptances arising from the
movement of crops has shown steady
increase, while the demand for bills
has been rather spasmodc and has
come principally from few institu-
tions throughout the country that had
special funds on hand. The general
run of institutions that usually are
buyers of bills have been completely
out of the market, and with the steady
demand which is being experienced by
banking Institutions generally for
New-York tribune., 1918-09-17
Bank Reserves Low

Surplus reserves of the local banks
are very low. The Saturday statement
disclosed the smallest total, with one
exception, in several years. 1t also ex-
planned why the banks have had to
husband their resources during recent
weeks and have been compelled to re-
duce their allotments for stock market
purposes. This is the time of year. of
course, when the demand on banking
resources is heavy, for there is the
moving of the crops to be financed, in
addition to taking care of the ordinary
needs of business. And this year there
is supcrimposed the huge burden of
meeting the governments demands for
funds for war purpOSes.
New-York tribune., 1918-09-17
w g alth Mark is and c.
Relevant Comment
Third Avenue Interest Passed

The difficulties traction companies
arc experiencing in meeting their
financial requirements were again
brought to attention yesterday by the
announcement that the sem-annual in
tercst on the adjustment income 5 per
cent bonds Of the Third Avenue Rail
way Company for the six months ended
June 80 had been passed. Payment of
the coupons would have been due on
October /. The action of the directors
has been discounted for some time by
the selling price of the bonds on the
Stock Exchange. Following the Of
fetal statement Of the company, how
ever, they lost q point, closing at 80
on turnover of only $4,000.
New-York tribune., 1918-09-17
Corporate Returns

New York Telephone Company
June gross ....... S5.415. .244 Inc s30s74
Net oper. revenue 1.723.4 .466 Dec. 207.65o
Net after taxes. 1,275. 139 Dec. 3o5,8s4
Six months gross 81 ,62e ,e44 Inc 1.s32.672
Net oper. revenue 10. 1872 2eO Dec. .097. aga
Net after taxes =. 7,31O564 Dec 18o4o45
Newport News & Hampton Railway, Gas
Electric
july gross ....... s2o4,e46 Inc. Vs6ss
Net earnings 800. 67,8S7 Inc o,267
Surplus af. charges 36,27O Inc 3679