davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-09-29
Relevant Comment
Wall Street Quiet, but Expectant

wall OtIeet Qulet, Dut EXpeCt0nt
While the opening day of the fourth
Liberty loan campaign saw no elabor-
ate ceremonies in the financial district,
nevertheless Wall Street was busy pre-
pairing for the big doings that may be
expected during the next three weeks.
Workers throughout the morning were
busily engaged in mounting two of
Uncle Sans three-inch naval guns on
both sides OF the Sub Treasury steps.
These will be used on Monday and sue
ceeding days to emphasize in a small
way for the benefit of the crowds that
will gather at noon-time what is going
on now in France and Belgium AS
the important events scheduled for the
day were held further up few bankers
were seen at their desks, but Wall
Street was keyed up to high pitch of
enthusiasm in anticipation Of the rush
expected in putting over the greatest
financial feat in the history of the
world
New-York tribune., 1918-09-29

Wall Street is almost unanimous
j. of the opinion that were it not for
the restraints imposed by the short
age of funds for speculation the
stock market would be very active,
even during the Liberty Loan cam
laign. Therefore it is debating with
more than perfunctory interest the
question of whether the successful
ilotation of the loan will be followed
by greater ease in money conditions,
and consequently by more liberal
attitude on the part of the banks
toward Stock Exchange loans. A
good many observers hold that this
viii be the case. They believe that
With the loan out of the way the
banks will be in a position to in
crease the markets money ration,
more especially as the peak of the
crop movement will have been
passed and the scores of millions
now employed for that purpose re-
leased for other uses. 1t is possible
Ihat this view is well founded, but
the chances are that, unless there
should be developments on the bat
lie fronts that bring peace much
nearer than it now seems to be, the
Janks will not let down the bars. In
financing the war loan the banks
will be put under an unprecedented
strain. Already they have begun to
resort more freely to the great
reservoir of credit provided by the
Federal Reserve Bank, the increase
in bills discounted and bought by
the local institution last week
amounting to more than $4,000, 900,
the total now standing at S832,937,-
346. And large as this total seems,
it is practically certain to expand
enormously in the next few weeks:
A prominent banker said yesterday
chat he would not be surprised if it
we're almost doubled. That being
the case, the banks are likely to
continue the cautious policy that
has guided them for several months,
until the end Of the war is in sight.
Moreover, it should be remembered
that the curtailment of Stock Ex-
change loans was not effected as
measure to meet a temporary condi-
ton; on the contrary, it was part of
a broad general plan to restrict the
expansion of non-essential credits
for the duration Of the war. The
situation is aptly phrased by Stock
Exchange house, which says that,
While funds may be unexpectedly
provided with which to finance a
further rise the advance
must necessarily be either of small
extent or, if of magnitude, Of short
duration" Meanwhile the steady
buying of stocks for investment
seems to be putting the market in
on unusually strong position.
New-York tribune., 1918-09-29
How the Hun
Cot Strangle Hold

How did Germany obtain the strangle
hold? Largely because we did not un-
derstand th:tt there was such thing
as economic patriotism, which is
summed up by NJ. Hauser as:
"a way of buying, Of selling, and
even of making money, which is of ad-
vantage to the community"
This way" applies to- consumer
producer, capitalist, employer and
worker, as shown by the following
brief extracts from Al. Hausers
treatise:
The consumer-In war time the
state, representing the nation, is by
the force of things the CHIEF buyer.
To buy what is not absolutely neces-
sary is to compete with the state-to
drive prices up.
Peace will for many years resemble
war Gin the state control of raw ma
terals, shipping, etc., and during
this period of national reconstruction
the individual consumer should avoid
competing with the great national
consumed.
The producer-There will be
hierarchy Of wants to satisfy.
Let US in the first instance manufact-
ure the essential products-and in
large quantities.
Before the war there was a some
what prevalent disposition among
certain of our producers to produce
little in order to make large profits
on small number of products.
Their calculations were akin to those
of wicked fathers who restricted the
number of their children. We shall
need many children, and we shall
need also many products
The trader-He is the man who
buys to resell. His conscience is
New-York tribune., 1918-09-29
johnson Warns Against
Unfounded Reports

Walter l.. johnson, president of the
New York Cotton Exchange, issued a
letter yesterday to all newspaper rep
resentatives on the exchange calling
attention to the warning against Civ
ing credence to unauthorized reports
purporting to come from the cotton
committee appointed by President Will
son, and asking that the press assist
the committee and the exchange by re-
iuslng to give publicity to any reports
New-York tribune., 1918-09-29
The Dollar in Foreign Exchange

Dulness was the principal feature
OF last weeks dealings in the foreign
exchange market. Some of the neutral
exchanges displayed an easier ten
6cncy as 3 result of the Allied sue
cesses, but the movements were not
sufficiently lavge to be of much signitl-
canoe. Rates on London and Paris
continued firm.
A. moderate decline in Swedish eX-
change in The middle of the week was
attributed to reports OF an impending
loan by Sweden to Great Britain.
If you calculate the cost of the dol
lar in terms Of foreign money at par
value--that is, if you were buying dol
lars with pounds, marks or francs--its
value at the close of last week, as COM
pared with year ago. would be about
as follows:
New-York tribune., 1918-09-29
New York Air Brakes War Work

The New York Air Brake Company
is understood to be working on prac-
tically a 100 per cent war basis. Un-
filled orders on hand of approximately
$3O,00O,oOo we're unofficially reported
yesterday. In the regular line of pro-
duc.ion the company has contracts
from the government calling for air
brakes for $4,000 freight cars, which is
more than three times larger than any
order ever booked before. The com
pany is also making gun carriages for
rs nm. guns, steel shells OF the rs and
l55 nm. sizes and cartridges Tor the
75's, as we'll as fuses. Both gross and
net earnings for the first six months of
the current year are understood to
have been in excess OF those for the
corresponding period of 1917. when 1879
per cent was earned on the 100000
capital stock.
New-York tribune., 1918-09-29

easy when he has loyalty served his
customer and when his nrofit has not
EXCEEDED the legitimate limit.
these negative virtues will no
longer suffice. To regard competition
as struggle between Frencbmen ~
the national market is puerjle and
dangerous game. What yo, gain
from q compatriot competitor Odds
nothlng to the national wealth Eo,.
thla sterile competition on the home
market must be substituted collective
competition on the foreign market
Inc capitalist-Of ali patriotisms
that Of the money box is the most -
rare. "'oo1
Capitalists who refused to nlacs
ineir money at the service Of French
business and who, seduced bv y
hlgher yield, intrusted it to Cerno.,
oanKs' were preparing death for orr
11oiolers as unconsciously but as sure
~ as the manufacturer who ,Isad
German dyes. 'o 0Seu
10 not think, therefore, that money
should not be invested in otbar "1aoy +se
french state securities, 't" hot
WIN WIN, every very security which he puts
.i1 now much do you bring in % sho1iJ
alsU so ask, OF what use are youao
me employer and the worker-I,
uneGlence to an inborn prejudice tbe
:*ot tAer OF pre-war days saw an enernS7
-; 80 inacnlnery and creator Of roiseryy iy
a; learna nndenslye = rs production. He has
New-York tribune., 1918-09-29
Italy Has New Fertilizer

l'al'an manufacturers are turn;no
out new fertilizer, called tetranbos.
phate' which, according to technical
experts, is equally as good as, if not
oeeter than, some of the phosphates
that have been in use for wears. The
new fertilizer is made by special
treatment of natural phosphate rock
powder.
New-York tribune., 1918-09-29
Must Remember
Civic Duty

I, ms. IN few words, is Professor
hauSer's new economic creed:
whether you buy or sell, produce
or save, distribute or earn wages. at
every hour when you work and make
up Your accounts never for~st .''aov '.n',
are doing an act of cit;zensbS;o. ~
never forget that in enrichine vo,,r.
SELL citizen, you must also enrich
That is the mentality in which 70
race the future. Remember that Won
cannot thrive unless The state thrivesN
ana that the success Of the state de-
penis on your patriotism.
Not only in war, that is simple
enough out IN every sphere of peace
time trading and industry
New-York tribune., 1918-09-29

Bank Ciearlngs.-Bank ciearings yes
rerday in New York and other cities
we're:
iaaI iEaxasIhaangss.;o 81 Sslanses;
Philadelphia 63,491 0s6 1929, ,723
Sub-Treasury. The banks lost
100000 to the Sub-Treasury yesterday.
Silver-London, 491a, unchanged;
New York. 101 1sc, unchanged; Mexican
dollars, 7Sc, unchanged.
London Money Market.--LONDON.
Sept. 28.-Money, per cent Discount
New-York tribune., 1918-09-29
How Wall Street
Works THINKS
and Talks

This new booklet - veritablv
pocket dictionary of the Sfocl
Market--contains a fund OF usfful
information for the investor .,
trader who is already ''in the mar.
ket,' or who contemplates the bnv
New-York tribune., 1918-09-29
Money and Credit

Although loans and discounts of the
Clearing House banks decreased $14,-
$4,000 last week, the statement issued
yesterday showed falling off in the
cash reserves amounting to $18,7O9, ,440,
reducing that item to $46,825,73O. Net
demand deposits increased $22,02O,000.
United States government deposits
with the banks decreased from $685.
218,00O to $171,6O0,000 during the week.
The Federal Reserve Bank of New
York reported an increase of about
$33,000,000 in rediscounts and advances
against United States obligations. Ac-
ceptances bought increased $24,000000.
Bank Acceptances.-Rates yesterday
we're unchanged, as follows:
Thirty Sixty Ninety
SPOT de- days. days. days.
livery: Per cent. Per cent. Per cent.
i gibl C
m e m Der
banks. .414@4 49s@414 49s@4A
Il igiblc
non-mem-
Der banks.4l4@41s 4ss@4h 4sa@4A
Ineligible
bank bills.s14@4 sA@424 54@4s4
For delivery within thirty days:
Per cent
Eligible member banks. 4L2
Eligible nonmember banks. 45s
Ineligible bank bills. .......... 6
Discount Rates.-The following table
gives the current rates of the twelve
Federal Reserve banks on commercial
paper for all periods up to ninety days:
New-York tribune., 1918-09-29

ing of secur-
tiles. It out-
| j n e 5 the
basic princi.
p ! { a n d
operation Of
financial and
m ark ct Gus
toms, usages,
methods and
t r a d i n z
| u les de.
scribes tech
nical matters
in a plain un-
q e 8 { q N a
New-York tribune., 1918-09-29

The above rates express the cost OF
foreign money in terms of the Ameri-
can dollar. You buy IN English pound
sterling at. say, $4.756o. The 'ntrinsic
parity is s4.9e5s per pound. Thus you
say either that pounds are at dis
count or chat dollars are at premium,
which is owing to the fact that in Eng,
land the demand for dollars with which
to settle accounts in this country is
greater than the demand in this coun-
try for pounds with which to settle &C.
counts in England
New-York tribune., 1918-09-29
New York

Bank Opens New Branch.-The Ma
tional Bank of South Africa has cabled
from the head Office to r. E. Saunders,
the New York agent. that the bank has
opened branch at Broken Hill, North
ern RhodeSia.
New-York tribune., 1918-09-29
News Digest


Foreign
Paris BOurse.-PARIS, Sept. Is
The Bulgarian peace offer caused a
strong upward trend on the Paris
BourSe to-day. Certain securities, in
Guiding Rumanian petroleum stocks and
Serbian issues, advanced so to 100
francs.
New-York tribune., 1918-09-29
New Economic
Code for Future

around trade and industry-not only in
belligerent countries, but in neutra
lands, practically all of which have felt
the effect Of war. The future requires
that we shall adopt a new economic
code, and we could not do better than
take to heart the lesson conveyed by
NJ. Henri Hauser, professor at Dijon
University, in an article just published
in ola France Nouvelle," the periodical
Of the Union Francaise.
This, he says, was our former code:
ITO produce, to save, to buy, to
sell--in short, to enrich ones self
these we're the essential articles of
the economic catechism. 1t mattered
little whether the struggle was at
times acute between those who had
need to buy and those who had need
to sell, between the workers and the
givers of work. 1t was generally ad-
mitted that this struggle was beneii-
cial and that, by the mysterious Writ
lie of free competition, the most
fierce antagonisms were resolved into
divine harmonies.
For most economists it was the
conflict of interests that was to create
peace, order and in consequence the
happiness of all. They were, of
course, good patriots.
"'The best made article and the
cheapest, that is the one to buy
they said In buying it, even if it
comes from abroad, in preference 10
an article less good and more ex-
pensive, the citizen enriches his
country, because he brings to it, at
a low price, new value
'And it was added: From this
mutual exchange Of services between
peoples peace will be born. Har-
mony within, harmony without. En-
rich yourself, and you will then be
not only good citizen but good
citizen of the world"
Peace was not the result, but war
because one Of the players OF "Free
Competition" Germany - could no:
"play the game" 1t is surely not neces-
sary to recall the story of Germany's
peaceful penetration" the vital links
in home industries held by the Huns
the industries crippled and finally ex-
terminated.
New-York tribune., 1918-09-29

regarding , the committees plans except
Sucm y, as may be issued by Thomas
"aIKer Page or Charles J. Rrand
New-York tribune., 1918-09-29

rates: Short and three months bills,
1882 per cent. Gold premium at Lis
bon, 10000.
New-York tribune., 1918-09-29

able way-and contains definitions
of over 300 market words, terms
and phrases many of which are
commonly misunderstood by ths
inexperienced. The coupon below
is for your convcnience-fill II
in-mail to our Office. 80 Broad
Street, New York-and this inter.
esting 6s-page booklet will be sent
without obligation to you.
New-York tribune., 1918-09-29
Patriotism Will Be AS Necessary
In Reconstruction as in War
French Economist Says the Trade Order Changes and
Buying in Cheapest Market Is Against National Welfare
and Aided Germany in Destroying Rivals

LONDON, Sept. 8. - If the problems
Of war have proved overwhelming IN
their magnitude, how can one describe
adequately those of the period that Will
follow close on it's heels?
Reconstruction-tha is the simple
name given to the task set US during
the days Of transition from war to
peace, task that means the rebuild
ing of all those things material that
have been laid waste; the replacing OF
millions of soldiers in the ranks of
labor; the reestablishment of trades
and industries injured or extermi
nated so that they may provide en-
ployment; the efow of women to
their proper spheres Of activity; the
rcforging of swords into the plough
shares from which they were magically
created to meet the German menace.
These problems are largely the ma
terial points of reconstruction. Heaven
knows they are great enough, but their
solution requires the consideration OF
hidden danger which is equally
menacing. Very few people have been
able to visualize the war, and the more
one reads of reconstruction plans the
more one realizes that the minds are
equally few which can grasp the vast
ness of the problems ahead.
One thing stands out clearly. II we
attempt to face these problems as we
would have faced them in the days of
old, We shall fail in our task, hope
lessly and irredeemably.
To-day-and it is already late-we
must complete our mental reconstruc-
tion-to fit ourselves to meet the new
time with new mentality.
New-York tribune., 1918-09-29

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., 1918-09-29
Cost of one dollar

Closing rates yesterday compared
with q week ago follow:
Quoted dollars to the pound.>
New Britain herald., 1918-03-07
GRAY HAIR BECOMES
 DARK AND BEAUTIFUL
Look years younger! Try Grandma's 5 recipe of Sage and Sulphur
 and nobody will know.

Almost everyone knows that Sage Tea and Sulphur, properly com pounded, brings back the natural color and lustre to the hair when faded, streaked or gray. Years ago the only way to get this mixture was to make it at home, which is mussy and troublesome.
 Nowadays we simply ask at any drug store for "Wyeth's Sage and SuI- phur Compound You will get a large bottle of this old-time recipe improved by the addition of other in- gradients, at very little cost. Every body uses this preparation now, be- cause no one can possibly tell that you darkened your hair, as it does it so naturally and evenly. You damp en a sponge or soft brush with it, and draw this through your hair taking one small strand at a time; by morn ing the gray hair disappears and aft CT another application or two, your hair becomes beautifully dark, thick and glossy and you look years young CT. Wyeth's Sage and Sulphur Com pound is a delightful toilet requisite It is not intended for the cure. miti- gation or prevention of disease.
New Britain herald., 1918-03-07
CONVENTION COMMITTEES.

he New Britain people who will e part in the state conference of k1ties and correction in this city, making plans for that conferences Ach will be held on April 21 to 23. following committees have been Ipinted: Publicity H. V. Camp, les Vance, J. B. Comstock, J. l.. He, H. E. Erwin, A. F. Magnel1 E. Irving, J. W. Roche; reception nfttee, ". C. Hungerford, J. T.. sters, Mayor George A. Quigley, ,. ". A. Cook, Rev. E. D. Cross, 5. P. Daly, Rev. J. J. Fitzgerald, }. Lucyan Bojnowski, Rev. Dr. G. c. Hill, Rev. Leo Sullivan; com lee on place of meeting. w. l.. sch. W. k. Atwood, w. E. Beers, 4. J. w. Denton, Principal French, lest N. Humphrey, George Levitt, SP. Shade; committee on ushers information E. O. Shjerdan, Hrge H. Dyson, Marshall r. Cook; mittee on hospitality, Mrs. H. M #es, Mrs. W. F. Brooks, Mrs. Ira Hicks, Mrs. J. H. Kirkham, Mrs AIacom ber, Mrs. M. K. Pasco, Mrs. S. Porter, Mrs. I. F. Russell, Mrs. ! Swarsky, Mrs. Marcus White, Miss #l M Beale
New Britain herald., 1918-03-07
Y. NJ. c. A. GYM. GRASSES.

Under the direction of Physical Director Warren S. Slater, the gym classes at the Y. M. C. A. will be re- sumed next week after several weeks interference. The classes will meet up as follows: On Monday afternoon the High school class; Monday night, Elm ployed Class A; Thursday night Elm p1oyed Class B, and on Saturday morn ing the Junior class. A conference of managers will be held on Thursday evening along with MT. Slater to dis cusS plans for a six weeks indoor baseball league which was had last year at the end of the basketball sea son and which worked out success fully.
New Britain herald., 1918-03-07
GARDEN APPLICANTS
A1ity Citizens Have Already Sought tEtnd Allotment on Which to Raise Own Crops This Year.

f1tty applications have already been received for the city garden P.ots' People are not being scared orr by a little snow, as it certainly will be short lived at this late date. Miss Curtin, secretary of the conn., rnattee' Is classifying the names as fast a, they come in, and the applications Will De taken up in the order they are received, so the prime importance or getting ones name in early is ap- parent Treasurer George F. Spear, who was delegated by the committee to communicate with Philip Corbin and request the use of his extensive tract of land again for gardening pur- poses. received a prompt reply today rom MT Corbin, who is out of town, gladly offering the committee the use of his lands. Anyone, who has any land to offer, even a vacant lot, is requested to communicate with Chairman George K. Macauley of the garden plot committee.
New Britain herald., 1918-03-07
DANCE AND
 WHIST AT THE ELKS'
lierS and Sailors To Be Made Hap- py By Proceeds of Affair
 Tomorrow Evening.

hundreds are expected to attend
 whist and dance of the Sunshine |ety tomorrow evening at the Ellzs' he on Washington street, the pro- fs of which will be devoted to the Hers and sailors fund. Elabor- preparations to entertain one of largest social gatherings of the E have been made and a banner bng is anticipated.
 Sun for young and old will be pro- Rd. Dancing will be enjoyed from s'clock until midnight and whist begin promptly at 8 o'clock. s8ch will be served from to 7:3O aaock-
 8he combination of the Sunshine Rety and the worthiness of the Sse for which the event will be an will, no doubt, ensure the suc- s of the undertaking. The Sun se society in the past has braveIy formed the noble task of Tighten the burdens of the afflicted at be. Carrying sunshine to Uncle ks boys afioat and ashore is a venture but will be carried out h equal success.
New Britain herald., 1918-03-07
RATHER MILD HELL
Sergeant ParIxer'S CabIegram Said Nothing About Visit to Lower Re- gions "SomcUhcrc in France

Clayton A. Parker of Win street, to- cay repudiated the story published in an evening paper last night about his son Sergeant Luther J. Parker. a member of Troop E, now known as the 101st Machine Gun company, having been through battle which is described as Hell Fire"
 MT. Parker did receive cable gram from his son, in reply to a let ter sent him concerning some pack ages sent to France. It read as fol- lows: Just returned from the trenches. Mailed packages received"
 Nothing further was contained in the cablegram.
New Britain herald., 1918-03-07
VIOLATES POSTAL REGULATIONS

Postm aster Delaney has been noti- fled that many persons are forward ing letters to the Red Cross in Switzerland, with inclosures to be forwarded to friends in enemy coun- tries, which is strictly against the law Another law that is being broken, is the mailing of matches, al cohol, infiammable goods, and food stuffs. These goods will be confis- cated if detected, and the public is warned to adhere to the law in re- gard to them.
New Britain herald., 1918-03-07
wkirrs stree

AE1l their son. Es1cGN4N 'ls I .| l&sk N one of the first local BoyS to land French territory with the Amcri- forces in France. He writes that has been transferred from trench sy to the Headquarters Company. An address will be delivered by B. Ekernfan under the auspices of the HpIe Zion organization at a mass setiRg to be held in Talmud Torah II, Saturday evening at 8 o'clock. Engagements have been made to have er speakers present.
 sdr. and Mrs. James M. Burdick, of Camp street, left this morning for hannah, Ga, and St. Augustine, Fla. by had planned to visit their son, United States Balloon school, but
 was recently moved from Macon, 5, to Omaha, Ncb.
 Frank Nair through his counsel, atge F. B. Rungerford has brought 8 against his brother, Louis Nai*, A $2o0. The writ is returnable in # city court. Anson A, and Grov- AT. Hall, through Judge s. Russell
 Elk, have sued the Ridgewood Real NCo. for $500 on a bill of s424.
 Bog Warden John Coffey is con- @ting a vigorous campaign on dogs Mning loose about the city. Yester- # eight canines were placed in the # pound back of police headqua1
New Britain herald., 1918-03-07
HIGH SCHOOL NOTES

on Monday of next week |tions for class night speakers for senior class will be held. Two ekers are to be chosen from the |or class, and informal ballotins lone of the five will be taken each BaEoting for the class orator be held on Monday, on Tuesday prophet, on Wednesday for bhetess, on Thursday for historian on Friday for writer of the class On the following Monday, for baiioting for all will be taken.