davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-08-31
Trade Dominated
By War Demands
Sentiment Conservative Under
Government Pressure for
More Supplies

War needs are dominating trade and
with the government insisting upon
larger and larger supplies of essen
tials sentiment is becoming move con-
servative, it is stated in "Bradstl sets"
report for the week. Complaints from
ought-stricken sections of the south
west are another depressing factor.
With the government extend Z its
buying, civilian wants are getting less
attention. Consumption requirements
are heavy and supplies are light. and
all around activity would reign we're
it not for imperative needs Of war.
Merchants having goods to sell Sc
lcct their customers. while others less
favorably circumstanced find that re-
strictions Of one kind or another crimp
operations and smaller dealers expert
ence difficulty in carrying sizable
stocks, this situation being lue to high
prices and inability to procure full
credit facilities.
However. the broad tendency is to
there's being enough uncertainty anead
tc cause chariness. LuXuries are
eschewed, though some centres speak
of enlarged demand for holiday goods.
The ban against automobile pleasure
trips, the continuous divertng OF men
from less essential occupations to war
lines, and ritual denials OF fuel or
materials 10 nonesseUtial pursui 5, are
concomitunts Of the war While ar
rangements to provide funds fo war
comforts are we'll patronized he or
dinary summer resorts ar devoid of
much customary patronage aud, as an
indication OF the psychological trends
of the times. it is to be noted that
little interest is evinced in baseball
Credits are restricted except where
war enterprises are concerned, and
outstanding of resources in preparation
for the fourth Liberty Loan is general.
Extraordinary activity, producing rel
atively marvellous results. prevails in
conditions have rendered it impossible
for the steel industry to cope with the
imperative war demand and. despite
eXhortations. bituminous coal miners
have permitted outputs to dwindle
An extraordinarily heavy movement
of wheat is under way, in watch respect
the Great Lakes are aiding in IN; rked
degree. Crop tidings are spot, I'd
"Dun's Review" says that whl the
virtual ending Of the vacation season
mas resulted in some stimulus to retail
sumers is plainly toward the cultail-
mcnt of personal expenditures. and the
purchasing power will be further less
encd when the new draft legislaj ION
becomes effective. What is os more
farrcachirg significance is t. addi-
tional drain that will be made IpoA the
already depleted supplies OF LABOR, and
the maintenance of high rate of man
ufacturng is one of the most formid-
able problems being cncounte ed,
New-York tribune., 1918-08-31
Question for Governments

MONTREAL, Aug. 3O-The American
and Canadian governments, and not the
international Joint Waterways Com
mission. should settle the question as
to whether the south branch of the
Long Sault River should be damned by
a submerged weir las proposed by the
st. Lawrence River Power Company.
Hugh Guthrie. Canada's Solicitor Cen
cral, said to-day. The construction Of
the dam is. sought to increase power
facilities of the American Aluminium
Company. which is supplying aluminium
to Allied governments for war pur-
poses. In Canada it is said the dam
would violate the International treaty.
New-York tribune., 1918-08-31
Regular Declarations

Consolidated Gas, Electric Light and
Power COmpany.-Quarterly dividend
of per cent on common stock. payable
October to stockholders Of record
September il.
Ell Paso Electric Company.-Ouarter-
ly dividend OF $3.50 per share on the
common stock, payable September 16
to stockholders OF record September 3.
Galveston Houston Electric Company.
Semi-annual dividend Of 50 on the
preferred stock, payable September 16
to stockholders of record September 3.
Liggett & Myers Tobacco Company
Dividend of q per cent on preferred
stock, payable October 1 to stockh OLD
ers of record September 16.
Stutz Motor Car Company of America.
Quarterly dividend Of s125, payable
October to stockholders of record
September 16.
Page Steel and Wire Company.-
Semi-annual dividends of SO on first
preferred and $3.50 on second pre-
ferred, both payable October 81.
Sears, Roebuck & Co.-Quarterly
dividend of $1.75 on preferred stock,
payable October to stockholders of
record September Ia.
New-York tribune., 1918-08-31
News Digest
Foreign

London Market Improved. ON,
Aug. 30.-The stock market open d
quiet, but later the excellent news
from the Western front stimulate
trading, particularly in gilt-cdgco and
securities. French 5s
were very strong on the continuous rise
in the value of the franc and Russians
were distinctly frmer on expectations
Of important developments. Shipping
stocks were active at improving quota
tions under the lead Of Cunards. In
dustrial shares were also good feat
ures. Money was in good demand.
Paris Market Firm.-PARIS, Aug. 80.
Prices were firm on the Bourse to-
day. Three per cent rcntes sold at 63
francs 80 centimes for cash. Exchange
on London was 26 francs 25 centimes.
Five per cent loan brought 81 francs
80 centimcs.
New-York tribune., 1918-08-31

A fairly steady investment de-
mand has been in evidence for sew
eral weeks, and doubtless has con-
tributed importantly to the gradual
rise Of prices and the general
strength of the market. But to say
that buying by investors has out
weighed speculation in volume-in
other words, that speculative trans
actions were of small volume in
relation to the total turnover-as
has been intimated frequently of
late, is absurd. A curve of the
volume of investment purchases
would not move from peaks to deep
hollows from day to day, as has
been the case with the curve of
Stock Exchange transactions. Much
Of the comment on this question
has been on par with that of one
writer who said, in substance, that
the McGarrah statement had caused
speculators to sell the stocks they
had purchased in anticipation of an
advance because they failed to real
ize that buying in the last few
weeks had been for investment!
The movement of exchange rates
on Paris toward the normal is pro-
crossing rapidly. The dollar yes
terday could purchase only 5.451A
francs, compared with 5.71 at the
beginning of the present month.
The franc is still at considerable
discount, as the intrinsic relation
of the dollar to the French unit is
5.18A. The present rate on francs
Is the highest since June, 1915,
when the great flood of war buying
In this country disrupted the cx-
change market. At one time the
market was so adverse to France
that a dollar would buy 6.09h
francs. That placed French money
at a discount of 20 per cent in New
York. The present effort to cor
rect the disparity, which we'll in
formed bankers say is being made
by the Treasury Department in con-
nection with the InterAllied Finan-
cial Committee, is expected to con-
tinue until the premium on the
dollar is reduced to per cent. Ster
ling exchange has been kept at this
level for more than two years.
American exports to France in the
last fiscal year exceeded $900,-
100000. A discount of 20 per cent
in the exchange rate of francs on
this volume of business would
amount to $180,OO0,0OO, whereas
a discount of 2 per cent would be
only $18,OO0,O00. Stabilizing the
franc not only increases the pur-
chasing power Of the French gov
ernment in this country, but also
lessons the amount of loans which
the United States will have to ad-
vance to France.
New-York tribune., 1918-08-31

Bank Clearings.-Unusually heavy
payments through the banks and active
business throughout the country con-
tinue to be reflected by Clearing House
transactions. total exchanges this week
at the principal cities OF the United
amounting to $5,517.728,652, the largest
ever reported for this period. This
total exceeds that Of this week last
year by 15.4 per cent, and the aggregate
of the corresponding week in 1916 by
47.3 per cent.
Average daily bank exchanges for the
year to date. compared with last year,
New-York tribune., 1918-08-31
Railroad Contract Believed Approved
Hope for Russia Deferred

Advocates of positive Allied eco
nomc policy in respect to Russia arc
now losing faith in their hope that the
announcement of a workable programme
was at hand. The magnitude of d
thoroughgoing plan to relieve Russia
of industrial and agricultural stagna-
ton, the unsettled political situation in
the former realm Of the late Gar and
conflicting expert advice have been de-
laying q solution. The only means Of
shipping goods 10 the distraught coun-
try until next spring, it il said, is via
Vladvostok, as the northern routes
directly to Russia would probably be
closed by winter conditions to ships
that might leave here this autumn.
New-York tribune., 1918-08-31
?
BENNETT SURPRISING COFFEE COxs
PAW A SV1-

To Holders of Five-Year six D..
General Mortgage Gold Bonds. iss,sa '.n' en
der and secured by findenture dated Narrh rn
NOTICE is HEREBY GIVEN tbs. T.,
accordance with the provisions Of Art,c,.
Third Of said indenture dated March ',..s ,s
1915. and pursuant to the direction th.r"
under Of bennett Surpa ssinK Coffea ro,S
pany' aoove-inentioned Five-Year Six psr
Cent General Mortgage Gold Ronds a..
standing in coupon form, bearins th. Vu, ~,
lowing distinctive numbers, have bss,
drawn by lot by the undersigned as Trn,'
tees. under sad Indenture. for redempton
on oeptenper nd 1918. out Of moneys on
New-York tribune., 1918-08-31

The above rates express the cost of
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling at. say, s4.756O. The intrl lsic
parity is s4.865s per pound. Thus you
say either that pounds are at :. dis
count or that dollars'are at a pre- mum
which is owing to the fact that H. Eng
land the demand for dollars with which
to settle accounts in this country
greater than the demand in this cou
try for pounds with which to settle a,
counts in England.
New-York tribune., 1918-08-31
ANDREW j. MCCORMACK. Auctioneer
REGULAR AUCTION SALE
STOCKS AND BONDS.
BY ADRIAN ii. MULLER & SON,
OFFICE. 55 WILLIAM ST,
WEDNESDAY, SEPT. 4, 1918,
at l2:3O O'CLOCK. at the

at l2:3O O'CLOCK. at the
EXCHANGE SALESROOM,
NOS. IA AND 16 VESEY STREET
For Account Of Whom II May Concern.
1000 shs. Chicago & Eastern Illinois r.
r. prefd
1000 shs. Chicago 6, Eastern Illinois R.
r. common.
1o,ooo p. Lorilard Co ~ Bonds. 1914.
i0,00G Liggett & Myers Tobacco Co IL
Bonds. l944.
$500 shs. Knox Terpezone Co.
1000 Federal Dyestun e. Chemical Corpn.
list Mtg. 60 Notes
40 shs. international Nickel Co. COM
mon.
$1,000 United States 2d Liberty Loan ~
Bond.
New-York tribune., 1918-08-31
Nova Scotia's Apple Crop

At Halifax it is estimated that the
apple crop of Nova Scotia this year will
range from 100000 to 100000 barrels.
The average yield is between 100000
and 100000 barrels. Last years
crop was $4,000 In 1911 it totalled
800 900
New-York tribune., 1918-08-31
Relevant Comment
Lehigh Valley Bonds in Demand

Perhaps no better illustration has
mand for high grade investment issues
than the success which attended the
offering this week Of S15,O00000 ten
year per cent bonds Of the Lehigh
Valley Railroad. The issue was three
times ovcrsubscribed before it was for
mally offered and yesterday, when the
bonds "when issued" were traded in
for the first time on the Stock EN-
change, they sold as high as 80 and
closed at 9S'2. compared with the offer
ing price Of 97l2. The days turnover
amounted to $627 900.
Status of State and Municipal Issues
The excitement that prevailed in in
vestmcnt circles a few weeks ago over
the possibility that tax exempt munich
pal and state issues may be placed in
the taxable class seems to have subsid
ed to a consiGcra bic degree. Owing to
the protests that have poured into
Washington from all parts of the coun-
try, there is growing feeling that the
status Of this form of security will re-
main unchanged. Attorneys for the
Investment Bankers Association re
CCutlN TenucTcO an OPINION lndL IL
would be unconstitutional to place
these securities in the taxable class.
September Disbursements
September dividend and interest dis
bursements by American corporations
will aggregate approximately $245 OOO.-
600, according to the compilation of
"'Thc Journal Of Commerce." This will
compare with $157 68S 63l paid out in
September, 1917. The increase over a
year ago will be due to the fact that
the United States government will dis
burse S8S,612,9l7 in interest on the
Liberty Loan Az per cent bonds The
United States Steel Corporation will
pay to its stockholders $21 ,4O2 $50 in
dividends for the quarter.
Railroad Contract Believed Approved
Reports were current in brokerage
Offices yesterday that the Director Gen
cral of Railroads had given final ap-
proval 20 the standard railroad CON
tract and that public announcement of
that important fact would be made
early next week. In the late afternoon
trading a demonstration Of strength
was given on the Stock Exchange in
the lowpriced railway stocks. the r.a-
son given being that the railroad ad-
lninstration would give preferential
treatment to the so-called less prosper
Gus roads Southern Railway and st.
Paul issues advanced sharply, the for
mer showing a net gain of 4 and the
latter Of ] "a.
New-York tribune., 1918-08-31
Glasgow Exports Decrease

Trade restrictions made necessary by
war conditions have caused great de-
crease in shipments from Glasgow to
lie United States The total value of
clared exports for the three months
nded June so, 1918. was s1,0S2,6 !;
compared with s2,6SS,424 for the cor
1917 period:
New-York tribune., 1918-08-31

Said Bonds so drawn for redemption viii
be paid al any time the Office OF the
company, 60 Broad Street. New York City
bonds with all coupons maturing subs.
quent to March lst, 1918. at par and In.
terest accrued to the date of presentation
II presented on or before September lst
1918. II presented on or after September
lst, 1918. with interest to and inclusive
of September list, 1918, after which date
interest will cease.
Dated August 21st, 1918
JOHN SCHOLL
FRANK D. WHITE.
JOHN B. ODONOHUE.
Trustees
New-York tribune., 1918-08-31
Elections

K. c. Warner has been elected con-
troller of the Standard Oil Company Of
California.
Barclay Durham. formerly sales man
ager of Robinson Roders Company, Inc,
has become established with Dunham
& Co.
{. Douglass Green has been admitted
to a membership in the New York Stock
Exchange firm of Gray G. Wilmerding.
New-York tribune., 1918-08-31
COUPONS

AMERICAN HIDE s LEATHER CO,
Coupon No. 80. due Sept. !. 1918, on u,a. "a.
first Mortgage Bonds OF the American n'ui ~
& Leather Company. Will be paia on r.nst nns
after September by the Equitaoie ils,' ~,
Company OF New York. 35-37 Wall Stree
New York. GEORGE a. HILL. treasure
New-York tribune., 1918-08-31
Steel Company Gets Government

Steel Company Gets Government
Aid. The Trumbul Steel Company.
according to adviccs from Sharon,
Penn, has been granted permission by
me capital Issues Committee to Issue
SZ'ooV,ooO additional common sto, K.
whlch ~ part of an authorizations of
3s,ooo'OOo approved several months
ago. The proceeds from the sale Of
the new stock are intended for current
needs. Stockholders will be entitled
to subacribe to the extent Of one u ird
OF their present holdings.
New-York tribune., 1918-08-31
New York

Aetna Explosives Sells 5000, 600
Pounds of Acid.-Judgc Julius NJ.
Mayer, of the Federal Court of New
York, yesterday authorized Benjamin
b. Odell and George c. Holt, receivers
for the Aetna Explosives Compa y,
Inc, to enter. into n contract with the
United States government for the sale
OF 100000 pounds Of picric acid Of
which 100000 pounds will be taken
by France.
New-York tribune., 1918-08-31
Consolidated Exchange

Unit of trade on this exchange. 10 shares
transactions and prices yesterday for the
more active shares follow:
Salcs Onen. Nirh Lou. 1.,t
500 Am Sum Tob. ..123aA 1925 1928. les
80 Anaconda Cop. 68l, 6s4 67s4 es
ISGo ISso 6"awn 3 u e. Loco. 95Ls e3Is e2s e3A
$50 Int NJ Mar pf.. 1o1a4 1O3Na 1otoa ,O21aa
800 Southern Ry. 24a, 253g 24I, 25as
1909 u Steel. ..... ilOII, itOl, 1885, 110Ia
'UNITED STATES BONDS.
$500 Liberty 3lss.1o2A4 1o2 "a 1902 % 1902. 40
ilsa23o ls2o do LIST 4s. 1926 1926 $500 $500
,3o" ,3o" 90 "a 49, 9o02 1918 o502 o5.;-
az" fd 90 "a -. s5o8 $3.50 e5.08 95.4O
'pricaa include interest
New-York tribune., 1918-08-31
DIVIDEND NOTICES
UNITED DRUG COMPANY
Common Stock Dividend No. Z

The Directors Of United Drug Co. have
declared a quarterly dividend Of 1Ho on
the common stock Of United Drug Co.. pay
able October /. 1918. TO stockholders OF
record September Is. 1918.
JAMES c. MCCORMICK. Treasurer.
Boston August 81 1918
New-York tribune., 1918-08-31
Dividends
Extras

Standard Oil Cloth Company.--Extra
dlvidend Of per cent on common stock
and also regular quarterly dividends of
| per cent on common and 134 per cent
each on Class A and B preferred stocks,
all payable October to stockh olders
of record September Is.
Tidewater Oil Company.-Extra divi-
dend of 3 per cent. in addition to regu-
lar quarterly dividend of . per cent,
both payable September 80 to stock
holders of record September II.
New-York tribune., 1918-08-31

London Money Rates. - LONDON,
Aug. 3o.-Money was unchanged at
per cent. Discount rates were: Short
and three-month bills. 1882 per cent.
Gold premiums at Lisbon remained
10000
New-York tribune., 1918-08-31
Curb Market

No'e.-Ihe Tribune assumes no RESPONSE
r''fy fer the accuracy or authenticity of curb
market quotations. Transactions and prices
friday wert reported as follows:
New-York tribune., 1918-08-31
Money and Credit

The closing market for the week in call
money found no important change in the
situation. Offerings by the banks were
about on the same scale as the preced-
ing day and rates remained firm at 6 to
61a per cent. Much of the business
consisted of renewals. The money
committee placed some money in the
market, although its operations were
not so large as on recently preceding
days.
Trading in the market for fixed date
funds continued at almost q complete
standstill. Borrowers are bidding to
Sh per cent for all dates, but the banks
refuse to depart from their policy Of
restricting offerings Of time money.
Ruling rates for money yesterday.
compared with year ago, we're as
follows:
Yerterday. Year ago
Per cent. Per cent.
New-York tribune., 1918-08-31

The third installment OF 90 OF the eign'
per cent dividend upon the Eight per I'm, I'm.
Cumulative Convertible Preferred stocn
and the third instalment Of iS'c OF ,ne
seven per cent dividend upon the Seven sever,
Per Cent. Non Cumulative Preterreo s.o.n 800
of Bethlehem Steel Corporation whicn ~ -
dividend upon the common Stock and lass lass
y Common Stock OF the Corporation ~n,eh
was declared or July %, 1918, VIII De ,,. paa.
able on October /. 1913. TO the resp.u''rss ~
holders of record Of said four ciesses y.
stock a. the clos. Of business on Septempei,
eo' iS. isis: ''' the fourth instalnent Of said said
dividends on said Eight Per Cent cumu,
lative Convertible Preferred stock a.. ana p-.. =.
said Seven Per Cent Non ol'I 1a,,,,.ry :.
sit,o isIs to 'pl ths respcc.ve holders Of r.esre
thereof AZ the close Of business on Deceh''
Der 10. 1918.
checks will be mailed ,,,.
Dated New York. September I. 1917.
b. II. JONES. Secretary
New-York tribune., 1918-08-31

Sales. Open. High. Low -"
250OO tLone Star Con AZ AZ
200 Louisiana Cons. y y -? Al,
1000 'fMarsh Min. AZ AZ "a
leo Magma Copper 81 81 81 -
2l0o +Mohican ,ap) IS Is ~ az
1900 'tMother Lode. "a 35 81 ~,
200 200 NUT :sI. MSLpf 2 ,2's 3 S
10000 'Onondaga M. 2sa 27s 2's Il.
5000 Pacific TunRst 1is Ia .,s ~
900 'Ray Here Min. AZ AZ ~ ss
400 chichester c.. SO SO 80 a
$500 tRochester M. "a "a s. ~.
250O Seneca Cop Cp. 1f'e i2l4 ne II
500 'Silver Els Sil. - Il 80 4"
1000 sfSiiver Pick. 4
700 Stand Silv-Ld. Is - "a
5000 Stewart ...... ~ t3 " tft.
1000 'tSucccss Mng.. 11tc 1iI2 7ile ~
c750 Tonopah Exten. 1la l9s a,..e ess
100 'Tonopah Mng. 2ss ga Ks 20
1000 'tTroy-Ariz 80. 10 10 "
80 United Eastern. rs "a
1900 stU 5 Id & Zc. y 23 - -
1000 ~4Ward NJ & NJ II IL ~
1900 West End Con. 81 81 81 IS
252oO VIII Caps NJ Co. - 10 10
1000 +Wls c Ext p)
1000 Wilbert Ming
New-York tribune., 1918-08-31

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., 1918-08-31
s t.ndard Oil Stocks
Other Oil Stocks

Saie1. Omen Hi,b your y.A
1000 "+Am Vent Oil.
1900 sBarnett &C /. Il y y
5000 - Bost-Wyo o.. 16 1e is ~"
100 'Cosdcn & Co.. 65a 6sa 6s5 as
906 Crystal o (ap) ~ 1Lo 1ie ~
1000 'fEsm Oil Cor
200 'Fedcral Oil. . 1aA -. 10. IS.
800 'Glenrock OIL 31a 3lo az az
400 "Globe Oil.
SEQ Houston Oil 70 1884, 7s 1884,
400 limp Con Oil r - =
5000 'Island & 3T 3ia 3is 81,
100 KINNEY OIL. "a "a 81 81
500 Met Pet. ... IA 1L 81. "
1900 'fMidwest Oil 81 81 e6 e6
1900 "tNorthw Oil SO SO So So
100 Okla Pr & r. 6Ia e7a g.. g..
1900 Okm Pr & r. ~, 2sa 23s q,
1000 tOmar o & g. % % % %
900 Seq O Il R. =. p ,S 2
so TSouthwcst Oil As 46 45 IS
2l00 +Stanton Oil ia ia ~, 17e
$500 "Tex d R n n ty
10000 'tTux Star Oil 81, 2tf,
500 sUn w Oil new IL Il y it
600 'vic Oil NV stk 2Ia 2ss 2(sz 2ss
New-York tribune., 1918-08-31

Commercial Paper.-Quiet conditions
prevailed in this market yesterday, with
rates holding steady at per cent for
the best regular maturites.
Bank Acceptances. A somewhat
broader demand was noted for bank ac-
ceptances. Purchases by the banks for
investment are somewhat larger. Rates
yesterday were unchanged, as follows:
Thirty Sixty Ninety
Spot de- days. days days.
livery: Per cent. Per cent. Ter cent.
Ell igible
banks. .4N@4 4ss@4l4 4ss@4M
Eligible
Der bank..4N@4/s 47s@4a 4as@4a
eligible
bank bills.s4@4 sA@4s4 5I4@4sz
For delivery within thirty days:
Per cent.
Eligible member banks .4N,
Eligible non-member banks 4sa
Ineligible bank bills
Bank Clearinxs.-Bank clearings in
New York and other cities were:
Exchanges. Balances
New York. -. .$51s,22s, 1876 $e2, 1876, ,s77
Boston .-... 36,043,732 $3.50. .4O1
SiIver.-London, 49Hd, unchanged;
New York, 1ol Nc, unchanged; Mexican
dollars. 7sMc, unchanged.
6nb-TYeasary. -- The banks gained
$4,000 from the Sub Treasury yee-
telday.
Discount kstes.--Ths following table
gives the current r.tsa Of the twelve
New-York tribune., 1918-08-31
lndustrials

Sales. Onen rI;ch
'2"" 90" aetna "a Explos-. 1924 ttas 1872 1ias
10o 90 Bran Tob reg. 1s ts is 1ss
800 do coup. go. 18 18 17aL 1e
1900 'Burnrite r. 3ls ~ ~ a..
Goo Burns Bros Ice 3sla 3sss asis 3aIs
100 Car l. P. pa 2La 2la 81.
1000 Chevrolet Mot. 1872 1872 12ei+ 100
100 'Cuprte Sulph II p 2
200 Emerson Phon. IA w ~. 1Iss
2300 Grape Ola - 2, u - I
$500 do pref . 2Ia oaa 2lE o}s
1000 Marconi of Am. 3le az 3Is q
iyn0 In0 NJ NJ y AZ e.. + q .5/4 3L4 3Is 3Ie
159" y S,,,i.,, 0n,polag 4oIe 49,! 45l2 45I:
,oo s"i'n St mot r.. y tx -
ao9 aoe sTp sl,' ht t ctfs We 17I2 ne w:
oo0o c'1o InloEen 5Ie 5Ia 5L2 5E
19oo 19oo y united Motors a2Is 32Zs 32s 32sl
dGnn "o ~ . Stmp 90. oN4 6N 6Is 6N
1000 "WriHht-M A Cp Sla s3a e3s 8as
800 World + Cp vic "a u "
New-York tribune., 1918-08-31

Federal Reserve banks on commercial
paper on all periods up to ninety day.:
New-York tribune., 1918-08-31
The Dollar in Foreign Exchange

Further reduction of the discount on
francs featured the foreign exchange
market yesterday. The rate on cables
moved from $50 to 5.4513, the most
favorable to France since June, 1915.
Rates on London were steady, and the
tendency Of neutrals was easier.
Closing rates yesterday compared
with a week ago, follow:
Quoted dollars to the pound.)
New-York tribune., 1918-08-31

BETHLEHEM STEEL CORPORATION.
Notice of Dividends on Eight Per cens.
Cumulative Convertible Preferred St0ck'
Seven Per Cent. Non-Cumulative re
ferred stock: Common Stock ana Cias'
II Common stock
New-York tribune., 1918-08-31
Bonds

ENLISTED. tsell eents Per shass
New-York tribune., 1918-08-31

Commercial Paper.-Quiet conditions
prevailed In this market yesterday, with
rates holding steady at per cent for
the best regular maturites.
New-York tribune., 1918-08-31

6nb.TSeasury. - The banks gained
ez1!,ooo from the Sub-Treasury yes
to-day