davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-05-27

Developments in the theatre of
war were not such as to cause any
important change in the market, al
though there were many indications
that large interests are proceeding
more cautiously in the face of the
impending resumption of the Ger
man military effort to break through
to the Channel ports. The bond
market reflected little of the uncer-
tainty shown in stocks. Investment
bankers reported a healthy demand
for the better class of investment
securities, with prices firm and
higher. There were few new Of
ferings during the week, the most
important of which was that of the
Federal farm loan bank bonds,
which have commanded a ready
market. At the end of the week a
substantial part of the $4,000, 900
of these bonds offered by the syn
dicate Of bankers have been sold.
That there is a good demand for
high interest bearing short term
notes was shown by the quick alb.
sorption of small issue of z per
cent industrial notes. Municipal
bonds were active and firm, with
New York City issues selling on an
income basis of 4.55 per cent, COM
pared with s per cent early in the
year. Foreign government bonds
continued to display strong tone.
New-York tribune., 1918-05-27
BY Francis II. Sisson

Vice President Guaranty Trust Conn.,
pamy Of Ncao York
TRANSPORTATION circles re-
ceived two shocks during the
past week, the full effects of
which have not yet been determined.
The first came with the announce
rent of the railroad administrator
that it had approved total capital ex
penditures Of over $937, 100000 for
the railroads during the current
year. The second came with the or
der removing from their positions the
presidents of the various lines pend
ing reorganization under Federal di-
rection.
The long arm of the government
has reached cut in two important
directions to finance and control the
transportation system of the coun-
try, and the business community is
naturally filled with queries as to the
purpose and effect of it all.
The first question which naturally
suggests itself is as to whether the
amount appropriated is adequate to
the needs of the roads. The prevail
ing and not unnatural opinion un-
doubtedly is that the amount is fairly
liberal In view of the difficulty in
obtaining labor and materials, as
we'll as capital, at this time, and that
it will at least go long way toward
placing the roads in a better position
to be able to handle the immense
volume of traffic which they are now
called upon to handle, if they can
succeed in spending that amount of
money this year.
1t is to be borne in mind that the
approval of the budgets of the roads
by the railroad administration. does
not in any case mean that the gov
ernment has arranged to furnish the
money for this purpose, although it
has promised to do so to some extent.
The individual roads were all asked
to make up their budgets for i'm
provements in accordance with cer-
tain principles laid down in Mr.. Nc
Adoo's General Order No. IL, and
these were reduced somewhat by the
regional directors and somewhat
moro in many cases by the Division
OF Capital Expenditures under Judge
Lovett's direction in the light of the
needs of the railroad system as a
whole, as contrasted with the condi-
tions that presented themselves to
the management of the individual
roads.
Recommendations
From Each Road
The roads were asked to make
their recommendations regardless of
any ideas as to where the money was
coming from, and the approval of
the expenditures has been made also
somewhat independently of such con-
siderations. In spite of this fact,
after most Of the budgets had been
approved, the Director General is
sued a circular to the roads directing
them to make reports at once as to
whether they were proceeding with
all practicable expedition to con-
struct and put in operation all addi-
tions and betterments which had
been approved. If they were not
prosecuting the work vigorously they
were asked to give the reasons why.
and in case they did not have on
hand or had arranged for the neces-
sary funds to carry out the work so
approved they were asked to make a
report at once to John Shelton Will
Jams, director Of the division of
finance, stating their financial needs
to enable them to complete the work
expeditiously. This certainly indi-
Gates the intention of the admins
New-York tribune., 1918-05-27


Another unsettling influence in
the market last week was the sud-
den removal by Director General
McAdoo of railroad presidents as
operating officials. This drastic step,
taken with view toward increasing
efficiency of operation of the coun-
try's transportation, while criticised
III many quarters, was generally rec
ognlzed as a necessary war meas
ure. Nevertheless, it created some
thing of, an unfavorable feeling
among holders of railroad securi-
ties that caused some selling in this
department of the market.
New-York tribune., 1918-05-27
Curb Market

Note.-The Tribune assumes no response
bility for the accuracy or authenticity of curb
market quotations. Transactions and prices
for the week ended May 25 were reported as
follows
New-York tribune., 1918-05-27
State

looo Weeks = 1913 =
oaies tUOO omltted). close. High. Low.
9 do Canal 41as 1864 1oe 1o6 los
AZ Va df IS Brown Bros c. 40 So 40
New-York tribune., 1918-05-27
Bonds

The following table shows the sales,
last price and high and low for 1918
of all bonds dealt in on the New York
Stock Exchange during the week ended
Saturday.
New-York tribune., 1918-05-27
Bonds

Sales s ! 600 omitted. Open. High. Low. chre '
is .chi-w CHI 1nd sd s. 5s. ss ss ssN ssN ss ss
476 Can Govt 5s s6zz e5N e6 A.
s Erie SO 1915. 81 81 81 ! az
10 Gen 81 62a n. 1o1 toos4 1oozs- w
3 phil Elec 6s i 93Is 90 DOS ls
Pr & Gam rs 10. 1Oos2 1oos1 1ooaa p
sdo rs 1920. 1O1% tO1 1o1
30 1s !S2l 1o1N 101H 10fML "
Is do Is 1923 1o2H ioe% i09z4 aa
80 rus Gov 5iss... Il" az dn "a
Is yves Ely 8. wi $685. ssss ss,a -
.unli.t.d. tsell cent. per .h.r.
New-York tribune., 1918-05-27

Prospect of an extensive enlarge
ment of the Federal taxation pro-
gramme, mainly through an upward
revision of the present income and
excess profits taxes, was held large
ly responsible last week for the re-
dictionary tendency displayed in the
security markets, where the price
trend was toward lower levels. The
revival of tax discussion in Wash
ington with an estimate by the ma
jority leader of Congress that 49,
600, 100000 might have to be raised
through taxation to meet the coun-
try's war needs created considerable
unsettlement in financial circles and
caused some selling of stocks, with
the result that prices yielded sub
stantially. The character of the
trading in the stock market under
went considerable change. The pub
lie, which participated to such q
large degree in the rising market
of fortnight ago, appeared to have
become more cautious and conser-
vative in extending it's commit
ments. Accordingly, the volume of
trading fell off quite sharply, and
toward the end of the week the mar
ket developed into more or less of
q professional affair.
New-York tribune., 1918-05-27

The question of taxes is, of
course, one that vitally concerns all
holders of corporate securities. If
there is to be any great increase in
the present schedules, that, of
course, will mean necessarily re-
adjustment of corporation finances
to meet the new demands, and with
higher taxes impending the fresh
uncertainty of whether the new
rates can be met without seriously
impairing dividend surpluses is
stock market factor that cannot be
overlooked. AS matters now stand
the annual reports of corporations
engaged in the various essential in
dustries have shown a fair margin
between the amount set aside to
meet the war taxes and dividend
balances. Stock market values have
lately taken cognizance of this.
Now, however, the market is to be
called upon to face new revenue
legislation, and until it has been
completed and the uncertainty re-
moved there is bound to be more or
less unsettlement. Very few per-
sons really think that Congress will
attempt to increase war taxation to
a point where it will yield the $8,-
O00,000,000 reported in the Wash
ington advices. Rather a compro-
mise is expected at lower figure.
The one certainty in the taxation
situation seems to be that business
will be called upon to turn over a
larger share of profits to the gov
ernment.
New-York tribune., 1918-05-27

Vice President Guaranty Trust Conn.,
pany Of Ncw York
New-York tribune., 1918-05-27

Increased tension developed in the
local money market toward the
close OF the week, when the govern
ment made heavy withdrawals re-
ducing its deposits with local banks
by approximately s140, 900, 900. The
cali money rate at the Stock Ex-
change rose to 6 per cent on Fri
cay, compared with AZ to s per
cent earlier in the week. The banks
made no change in their policy of
restricting offerings of fixed date
funds, and the rate for this class of
credit accommodation was firmly
held at 6 per cent. Bankers do not
The sun., 1918-11-30
KENT ATTACK STIRS
PORTUGUESE ANGER
Members of Chamber Of Com
merce Here Resent Slurs
Made in Article.
PROTEST MADE TO LISBON
Troops Sent to Aid Allies
Shown to Have Received Of
fetal British Praise.

Expressing Indignation at the slurs
cast upon the Portuguese army and
the part it played in the last German
offensive in Flanders. representative
Portuguese citizens met yesterday at
the Portuguese Chamber OF Commerce
to protest against baseless SANDERS on
their mother country and to take ac-
ton against their further dissemina-
ton.
The feelings of the local Portuguese
were aroused over the reference that
had been made in an article by Frank
r. Kent, managing editor of the Balti-
more Sun, in which the Portuguese
army was characterized as "heing the
limit" and that an entire division OF
them when the BoChe launched his at
tack "sjreaked it for the rear, leaving
n gap in the line through which the
Boche poured like a torrent and nearly
gave him the Channel ports"
Lieut.. Monteiro Comes. military at
tache Of the Portuguese mission in this
country, told how Courageously the
little republics soldiers conduct ed
themselves in the face of overwhelm-
ing odds at the points Of the battle
front where he was assigned last
spring and called upon those present
to take vigorous action expressing
their resentment at the charges OF cow
ard!rc made against a brave army that
admittedly had done as much proper
tionately az any Of the allied forces.
John &. da Silva, a local exporter,
In refuting the charges quoted from
numerous sources. including leading
allied publications, to show that the
facts proved Mr.. kent's statement to
be absolutely false. He directed atten-
ton TO a tribute paid the Portuguese
army i'm the London Gazette. the Of
fiCial British publication. in which 1t
was said that more .hau a third of
the entire Portuguese eXpeditionary
force has been fighting with the great
est Gallantry.
THE officers have proved themselves
The sun., 1918-11-30
WOMAN DISAPPEARS
FROM SOUND LINER
Letter She Was Asked to Mail
Is Received.

NEWPORT. II L.. Nov 29.-Nystery
surrounding the disappearance Of q
young woman while on her way from
New York to Fan River on the Fall
River Line steamboat Priscilla last
sunday night dcepened to-day with tho
insertion of an advertisement i'm tho
local newspapers by a heavily yelled
woman who touk great pains TO con-
ccal her identity. The advertisement
read
"A lady travelling from New York
on Sunday, 2lth November, asked
some one to post letter for her at
Newport. This letter has been re-
ceived. y great benefit would be COM
ferred on family who are worried If
letter would communicate the circum-
stances"
The woman's disappearance was dis
covered when the steamboat reached
Fall River. In her stateroom was
found her steamship ticket, rail-
road ticket. some New York elevated
railway tickets and some wearing APP
parel. Some of the articles bore the
name III. Holden
The police were called upon to in
vestigate and were able to learn that
the missing passenger approached an
other woman on the steamboat and
gave her n letter to he mailed in New
port. Since that time all trace OF her
has been lost.
The sun., 1918-11-30
ALIEN STOCK TEST
CASE Is POSTPONED
Botany Worsted Mills Suit to
Decide Legality of Gus
tOdian's Seizures.
PLEADS TREATY RIGHTS
StOehr Says Action Is in NiO-
latiOn Of "Friendly Ma
tions" Agreement.
PLEADS TREATY RIGHTS

Argument on the petition of Max w.
Stoehr for an injunction to restrain A.
Mitchell Palmer, Alien Property Gus
todian, from selling two-thirds OF the
stock of the $l,000,0O Botany Worsted
Mills, Passaic. n. j., to Americans,
was postponed yesterday to December
! by Judge John. c. Knox in the Fed
eral District Court. The Botany mills
were taken by the Government as the
property of German aliens.
Stoehr alleges that the seizure vio-
lated the constitutional provision
against the taking Of PROPERTY without
due process of law. He asserted In a
complaint filed Tuesday that the pro-
posed sale to Americans would violate
treaties with friendly nations. \ sup
Elemental 'bfll filed Wednesday as
serted that under the trading with the
enemy law the suit automatically put
off the sale, which is scheduled for
December Il, until the litigation Is
decided.
Francis G. Caffey, United States At
torney, asked for a postponement yes
terday. He said the plaintiffs supple
mental complain. contained new mat
Ter 10 winch the Government nad not
prepared it's answer.
Louis Marshall. counsel for Stoehr,
said the supplemental bill did not
change the form of the litigation.
which he described as an effort to
Illustrate an attempt to destroy
property worth millions belonging to
citizens OF the United States, in an
irregular, unlawful and unconstitu
tional way
Stoehr, a naturalized citizen. sues as
a stakeholder of Stoehr & Sons. Inc.
and as such the holder OF Il beneficial
interest in 20.590 shares Of the stock
Of the Botany Worsted Mills. IT is
asserted that this stock was owned by
Americans. He asks that the company
be returned to its stockholders
The suit will serve to determine the
constitutionality Of tho seizure of
$500, 100000 worth OF property 10y the
Allen Property Custodian under the
trading with the enemy law, and his
right TO sell these properties at sales
from which ali but Americans of
proved loyalty are barred
The sun., 1918-11-30
SURPRISE NEAR IN B. R. T. QUIZ
Lewis to Produce. New Proof'' at
Wreck Hearing.

District Attorney Lewis. busily en-
gagged in Brooklyn upon questions re-
lating to the =. Il. T. train wreck in
vestigation, declared yesterday that
new proof" would furnish a surprise
at the John Doc hearing before Mayor
Hylan on Monday morning.
The witnesses called for that ses-
sion include Timothy :. Williams,
president of the B. II. T., and other
officials of the company. Their testi-
mony will probably close the hearings
The matter will then be placed in
Mayor Hylan's hands.
The Grand Jury's session was short
yesterday Among those who testified
were Wilbur Lewis and Joseph Nc
Cam, instructors of motormen, and
John Talbot, u train dispatcher.
The sun., 1918-11-30
FEW USED THE SAFETY ISLES.
Harriss Ordered Removal Because
They Hindered Traffic.

Tho removal Of the safety isles in
Fifth avenue at Forty-second ana
Forty-third streets was due to a
request by John \. Harriss.
Special Deputy Police Commissioner
in charge OF traffic, i devel-
oped yesterday in the traffic court
DR.. Harriss's office is at Fifth avenue
and 'Forty-thrd street. and after
watching n few million pedestrians
from his office windows he came to
the conclusion that they did not use
the isles sufficiently to warrant their
retention.
When traffic was flowing north and
south on the avenue, Commissioner
Harriss said he noticed that the
crowds overfiowed into the travelled
part Of the'roadway. leaving passages
just wide enough for one line Of vehi-
Giles in each direction. They impeded
the fiexibility of traffic during pa
rades too, he said.
II was announced that the white
safety line at Fifth avenue and Forty
second street would be adopted in
other localities about the city.
The sun., 1918-11-30
END STATE DEFENCE
WORK DECEMBER 10
Troops on Guard at Vital
Points Will Be Withdrawn
Tomorrow.
Speridl DesprtcA 70 TIE SrN-

ALBANY, Nov. 29.-The State Couu.
Gil of Defence will wind up its work
December 10 and will stop all eXpendi .
lures December /. At the request OF
the Washington authorities the divi-
sion of information will be continued
until July !. The Bureau OF the
Americaniza:ion VI Aliens is TO be ON
tinued until July ! under the State
Department of Education.
Troops which have been guarding
the railroads. canals, New York city
water supply and other vital points
will be withdrawn December /.
There Is a balance of $155. 900 OF the
$1,000. 900 appropriated by the Legisla-
ture for the defense council More
than half, or s5s5.000. was spent for
the pay and equipment of the Ma
tional Guard and the New York
Guard. Other expenditures We're as
follows: Military census, $50, 900 !;
Pinkerton Detectives, $4,000: equip
ping chaplains of the National Guard
regiments, $4,000: New York City
Labor Clearing House, $4,000. and
for the administrative expenses of the
council. $4,000.
the Adiutant Generals Department
expenditures were as follows:
Equipment Of troops, 1856, 900; pay
of troops, s350.000; for preparing
Camp Whitman for troops, $40, 900 f;
for state Arsenal. $4,000: for labora-
tory and serums for soldiers, $4,000
for Resource Mobilization Bureau,
$4,000; for Adjutant Generals office.
SOS, 900; for Division Headquarters,
SC 900. This totals $4,000 and the
expenditure of the balance OF this
fund has been authorized.
There was an appropria ton Of
100000 for the State Food Supply
Commission, which ended It's activities
last winter with balance of $2ss, 900
which has been turned over To the
State Food Commission.
The sun., 1918-11-30
Jews Deny Enmity to Poles.

A statement denying that the Jews
are lin any way unfriendly TO Polish
independence" was issued yesterday
by Julian W. Mack, president OF the
Zionist Organization OF America, and
Louis Marshall, head of the American
Jewish Committee. in answer to one
made public by the Polish National
Department, which asserted that they
were dlscrediting the reports OF
pogroms against the Jews in Poland
and demanding the appointment OF a
commission to investigate. Mr.. Mack
and Mr.. Marshall said their organiza-
tons welcomed the appointment OF
such a commission.
The sun., 1918-11-30

ideal leaders and have clearly studied
French and British methods to the best
Of purpose" He showed whore Gen.
Haig In a despatch published in the
London Gazette October 20. describing
the services rendered by the Portu-
guese troops, expresses his admiration
for their courageousness and fOrti;ude.
Many more references to the same eff
feet were quoted from newspapers,
notably the London Times. the LONDON
Post, the Paris Figaro, LIndCpcndencc
Beige and Others
The following resolution was drafted
and sent in the form OF telegram to
the Portuguese Minister at Washing
ton and cabled To the Department Of
Foreign Affairs at Lisbon.
THE undersigned members of the
Portuguese colony in New York re-
spectfully urge your immediate action
on the gross insults directed against
Portugal and its army by Frank Il
Kent in the Baltimore sun, and fea-
tured in yesterdays New York Amer
team"
1t was signed by John C. da Silva,
Santos Fernandes, Lieut.. Monteiro
Comes, J. G. Valente Perfeito and \.
S. Gonnea.
A committee headed by J. G. da
Silva was appointed to take up the
matter Of presenting the facts to the
public.
Charles 7. Brown. a lawyer, of 10
Wall street, long n friend of the Portu-
guese, telling of a recent visit to
Portugal. related how high praise had
been given by the American Minister
at Lisbon TO the Portuguese soldier,
and how he had been assured that
our Government appreciative of the
bravery displayed by Portugals army.
desired TO help the Portuguese by all
possible means.
The sun., 1918-11-30
GUARDING AGAINST EPIDEMICS.
Gov. Mccall Urges Precautions to
Bar Out Malndies From Europe,

Boston, Nov. 29.-Thorough prep
aration for combating possible cpl
denies Of diseases which may be
brought back from Europe by rcturp-
ing soldiers was urged by Governor
Mccall to-day in a message to DIR.
Eugene r. Kelley. State Commissioner
OF Health.
Il understand" the Governor said
that the bubonic plague. meningitis.
cholera aud some other diseases likely
to become epidemic are more or less
prevalent in Europe 1t seems to me
TO be- vital that we should prepare
ourselves as far as we can for any
invasion of these diseases. | shall
write to the authorities at Washing
ton to take every precaution To- pre-
vent any of these diseases from being
brought back by any OF our men"
The sun., 1918-11-30
SCHOONER WRECKED; o SAVED.
New York Lumber ship strikes
Cape Ann Rocks.

GLOUCESTER. Mass, Nov 29.-The
three masted schooner Harold r..
Cousens was wrecked to-day at
Braces Cove Cape Ann. Capt. Carey
and his crew of eight men We're
rescued. The schooner probably will
be q total loss. She was bound from
St. John, n. b.. for New York with
spruce lumber
Soon after leaving ST. John Saturday.
Capt Carey said. he ran into a success
sion of gales and snowstorms. The
schooner was beaten about and yes
terday sprang a leak. Just before day
light she struck.
The Harold II. Cousens IL OF $40
tons gross and is owned in New York.
The sun., 1918-11-30
2 BILLIONS FOR U. S. FIGHTERS.
Enormous sum spent for Army and
Navy in One Year.

WAsHrNGroN, Nov, 29.--It cost So
5000, 900 to run the American Army
during the year ended June 80. sl.36S,-
900 900 for the navy and 1876, 900 900
for the civil Government proper. The
Shipping Board spent s962.OoO,OOO and
S1S1, 900 was paid in pensions.
These figures are given to-day by
the annual report of John Burke.
Treasurer Of the United States, to Sec
rotary McAdoo. The report showed
the public debt on June 80 was s12,-
296 100000.
The sun., 1918-11-30
RECEIVERS FROM HER WOUND.
Miss Eleanor Brannnn Resumes
Work with v. NJ. c. A.


Eleanor Doddridge Brannan, a
daughter Of Dr. John Winters Bran
nan, president of Bellevue and Allied
Hospitals and granddaughter Of the
late Charles A. Dana. has recovered
from the shrapnel wound she received
when serving as AY. NJ. c. A. worker
with the American troops in the Yer
dun-Argonne sector in the final days
of the war, according to cablegram
received here last night
Tho message explained that Miss
Brannan had been wounded when
serving hot chocolate to soldiers in
action against the retreating Germans
November 2. Her injuries proved
slight and she has since been dis
charged from a hospital and assigned
TO work in England
The sun., 1918-11-30
Grip Kills 10000 In So. Africa.

CAPE TowN. Nov. 29.-Viscount Bux-
ton. Governor General of South Africa,
said to-day that the number of deaths
from influenza among Europeans and
natives OF South Africa was estimated
The sun., 1918-11-30
Army Selects Motor Repair shops.

WAsHINGToN, Nov. 29.--Army motor
repair shops at Baltimore, san An
tonic. Tex, and Atlanta are to be re-
tanned as permanent establishments
when the army has been reduced to it's
peace time basis. The other repair
plHcos, such MS those at FL Paso. Tex:
Rochester, y. Y. and other cities will
be closed as soon as practicable.