davidaulloa/AmericanStories huggingface dataset:
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1918-04-19
GERMANS HELD IN CHECK AT ALL POINTS,

Tho Germans have been driven
from Senat wood and the French
have reached the outskirts Of Cas-
tel and progress also was made
south Of castel. Five hundred
prisoners, including fifteen officers,
were captured by the French.
Italian troops have been sent TO
tho western front to aid the en-
battied allied troops against the
Germans.
New-York tribune., 1918-01-24
Dividends Declared

American Bank Note COMPANY Dividend
OF Il per cent on the common stock, payable
February Is to stock of record February i.
Diamond Match Com2any.-Re Regular quar-
tery dividend of , per cent. PAYABLE March
10 to stock of record February IS.
Esmond Mills.-Regular quarterly dividend
OF y per cent on the preferred stock, also
dividend of li2 per cent the common
stock. both payable February to stock o.
record January II.
Franklin Company Regular semi-annusl
dividend of 81 per share. payable February
to stock of record January 22
Lowell Electric Light Congratulations
terly dividend OF s.. 80 per share payable
February to stock of record January "a
keystone Watch Case Company.-R Regular
quarterly dividend of lie per cent payable
fepruary TO stock of record January %
;, Norfolk Western Regular quarterly
dividend OF IA per cent on the common
stock, payable March - to stock Of record
February 2S.
!: fittsburgh Oil 4 Cas- Regular quarterly
dividend of per cent payable February 10
10 stock OF record January 81.
>, Pennsylvanla Railroad Regular quarterly
dividend of ~. per cent. payable February
% TO stock of record February l.
Standard Millirg.-Regular quarterly divi-
dend OF = Fer cent on it's preferred STOCK
payable February 28 to stock of record FED
ruary Is.
Tobacco Products Cornors Dividend o. o.
Si;"v share on the common stock. payGois
February 10 10 stock of record February =.
Ampara Mining.-Regular quarterly d'v'.
dend of 3 per cent. payable February "
stock of record January 81.
Canada Cement Company Regular guar
terry dividend OF Ia per cent on the pf~
ferred stock. payable February i6.
Howard-Smith Paper Company. Ltd
Regular quarterly dividcrd of , per cent On On
the common stock. payable February ~
stock of record January .6.
New-York tribune., 1918-01-24
Stock Exchange to
Remain Closed on
Heatless MONDAYS
Arrangement Made With
Banks Not to Disturb
Call Loans

Governors Of the New York Stock
Exchange at a special meeting yester-
day voted to keep the exchange closed
on the remaining Mondays falling
under the Fuel Administrators holiday
closing order. This decision was
reached when it was found possible to
make arrangements with the banks
whereby call loans will be carried over
the Mondays on which the exchange is
closed. The banks, governor Of the
exchange said, were Influenced to agree
to this arrangement because easier
rates for money promise to continue
over the next few weeks.
The explanation offered for keeping
ceding Friday and the succeeding Mon
day call money was at per cent
on those days. Yesterday the rate
eased off to 21z per cent. due. bankers
stated. to the receipt Of funds here
from the interior and increased gov
ernment deposits. Other reasons as
signed were that the health of the
DTOkerS on Lne eNCndNge ana tHelr
partners and customers would be need
lessly endangered by keeping open.
With many lights out in corridors and
Railways in the big Office buildings of
the financial district it was also feared
that the criminal element of the city
would be attracted below the dead
line" and that valuable securities
might be stolen as result of the un-
usual conditions
The board of managers of the Cof-
fee and Sugar Exchange also decided
to observe the heatless Monday rul.
ing. Managers Of the Produce and
Cotton exchanges will probably close,
although definite action has not yet
been taken. The Consolidated Stock
Exchange has announced that it will be
shut down.
Although the New York Curb Market
Association conducts it's activities in
the open air on Broad Street and is not
affected by the heatless Monday regula-
tion it was stated that there would
be no attempt to keep that market open
in view of the fact that the Stock Ex-
change had decided to close.
New-York tribune., 1918-01-24
Relevant Comment
Patriotism Mlscarrics

In England apparently a number
Of persons in their intense desire
to help the government win the war
have taken to burning the divi-
dend coupons on their British war
loan holdings in the belief that
by SO doing they are rendering
the country great service by leaving
the money in the government treasury.
In fact, this has been done on such u
scale that finally the British financial
authorities have issued statement
pointing out that the only results Of
burning the coupons is to deprive ones
self of the dividends earned, to prevent
the government from using the money
for ten years, to give those concerned
in keeping the accounts great deal Of
trouble, and to complicate the accounts.
"If bondholders desire to make o
gift to the government" the statement
says, their proper course is to advise
the chief accountant of the Bank of
England of their wish, and they will be
provided with forms which will enable
them to direct their dividends to the
Secretary of the Treasury"
New-York tribune., 1918-01-24
Mutual Relations"
Established With
The Bank of Japan
Federal Reserve Bank of New
York Makes New FOREIGN
Connection

arrangements have been concluded
between the Federal Reserve Bank ~
New York and the Bank Of Janar f.,
the establishment Of mutual business
relations. Similar action was talon
several months ago between .be ,o..,
Reserve Bank and the Bank os Fnc
land' A statement issued by the Re.
serve Bank regarding the Bank -
Japan pointed out that both jnet;+u
tions have felt it desirable to establish
mutual relations $50 as to come 70
general understanding with resnect -
'he monetary movements during and
after the war and to confer with each
o1her as occasion may require"
The new relationship, it was stated
was effected following recent negotia.
tions with Baron Tanetaro Megata
financial and economic commissioner Of
the Imperial japanese government, and
Mr.. Itsuo Hamaoka, of the Bank of
Japan, and is in line with the General
policy adopted some time ago by the
Federal Reserve Board.
Section, IA, paragraph (e), of the
Federal Reserve act auth orizes any
Federal Reserve bank, with the con-
sent of the Federal Reserve Board. 10
"open and maintain banking accounts
in foreign countries. wheresoever it
may deem best, for the purpose of pur-
chasing, selling and collecting bills Of
exchange, and to buy and sell, with o,
without its Endorsement. through such
or agencies, bills of ex-
change arising out of actual COM
mercial transactions, and to open and
maintain banking accounts for such
foreign correspondents or agencies"
The increasing trade between the
United States and Japan has resulted
IN more important financial trans
actions between the two countries.
Japanese merchants have been accum..-
lating large bank balances in this coun-
try owing to the embargo on exports Of
gold by the United States government.
These balances have become so large,
in fact, that recently Japan agreed to
loan to Great Britain S40,0O0,000.
New-York tribune., 1918-01-24

WASHINGTON. Jan. %. - Cotton
ginned prior to January 16 amounted
to lo,569,475 running bales, counting
round as half bales and excluding lin
tiers, the Census Bureau announced.
Round bales included numbered 1885,
o72 and sea island Ss.747 bales. Last
year to January Is ginnings amounted
to 11.137.712 bales, including $4,000
island.
Ginnings to January IS this wear bv
states follow: Alabama, 4S9,5S5; Ari-
zzona, 1880; Arkansas, s6s. .4ss; Cali
fornia 1867; Florida, 1925; Georgia,
1.1S1,590; Louisiana, 60S,0Ss; Missis,
sippi. S1s,3o4; Missouri, 46,l2o: North
Carolina. 5s1, ,o45; Oklahoma. so7.0Ss.
South Carolina, 1,162.356; Tennessee
2o3,2l9; Texas, 2,997,s95; Virginia. 1s.
655; all other states. 3,96S
Glnnings Of sea island by states.
Florida, 36,se2; Georgia, 45.s5I sni
South Carolina, 6,234. "'io
New-York tribune., 1918-01-24
News Digest
Foreign

London Stocks Steadier; but Dull
LONDON, Jan. 23.-The stock market
continued quiet to-day, with a steadier
tone in the gilt-edged section and a
hardening in Argentine and home rails.
Consols lost another fraction and Rus
slams were heavy, but South American
mines were active and there was a good
demand for industrials. The other Sec
tions were dull.
Paris Bourse.-PARIS, Jap. %
Trading on the Bourse was stagnant to-
day. Three per cent rentes, SO francs
for cash. Exchange on London, 81
francs 16 centimes. Five per cent loan,
SO francs so centimes.
London Money Market.-LONDON,
Jan. 23.-Money was in better demand
and discount rates quiet. Money quoted
at Z per cent. Discount rates-Short
bills, 31-32 per cent; three month
bills, 1872 per cent. Gold premiums
at Lisbon, 1000.
New-York tribune., 1918-01-24
Italy Stops Hemp Speculation

In order to stop the speculation in
raw hemp in Italy, which had reached
stage where it endangered ltaly's es
tablished trade, a recent decree Of the
Italian government divides hemp into
six classes and fixes the maximum
price which may be charged for the
highest grade at $50 lire, equivalent in
American exchange OF the day 70 32i2
cents per pound.
In 1914, according to n consular re-
port, the best Bologna hemp sold for
100 hire per quintal, equal al that time
to ST cents American currency per
pound. Since that time it has risen
in successive stages to 150. POO, 300,
400. 500. 600 lire. until last month ore
lot changed hands at zoo lire per
quintal. Many holders were holding
for 1000 lire per quintal of 2205
pounds, but the decree stops this.
Much of this hemp is sold to American
importers
New-York tribune., 1918-01-24
The Imitation Hazard

Judges OF business conditions have
pointed out the prominence of the Gin
flation hazard" at this time Of rush
orders, high prices and huge govern
ment contracts. 1t is probable that
this hazard will loom larger as The
year advances, although the most in
teliigent business men everywhere sec
the need for caution a~d are planning
scco-.dingly: -IvcUs Faro Neradn
National bGaIe of San francisco.
New-York tribune., 1918-01-24

is difficult to see where this can be i'm

is difficult to see where this can be i'm
proved
1t may be said there is fear Of
shortage Of gasolene. There is none
yet, and will not be if the producers can
get the material to drill with. Wise dis
tribution Of material and regulation
Of the consumption of gasolene and
fuel oil, if it is discovered that the
government needs for army and navy re-
quire it are proper subjects for gov
ernmental control; but the fixing of
prices, interference with the present
method Of production, field operations,
pipe line transportation or refining
would be mistake Give the produc-
ers the material and the territory for
development and they will supply all
the petroleum needed.
New-York tribune., 1918-01-24
The Dollar in Foreign Exchange

In the foreign exchange market yes
terday the principal development was a
slightly easier tone in Italian lire
which declined to rate of S.4324 to
the dollar. Sterling and franc rates
were unchanged.
Closing rates yesterday, compared
with week ago, are given in the table
below. American bankers have sus-
pended all dealings in German and
Austrian exchange, so that daily quo
tatlons for either marks or xronen are
no longer available
Quoted dollars to the pound.A
New-York tribune., 1918-01-24
Other Cities

Mining Congress Advocates Dollar
Silver.--DENVER, Jan ga govern
ment fixed price Of 81 an ounce for
silver was advocated before the Colo
RADIO Chapter of the American Mining
Congress and the Colorado Metal Min
ing Association to-day by Governor e.
l. Boyle of Nevada. Such a price. the
Executive said, would reopen old mines
and cause new ones to be opened.
New-York tribune., 1918-01-24
Finance Economics
Telephone,
Hanover 661A

Of the next Liberty Loan the greater
will be the chances for placing it
with the maximum of success. 1t
goes without saying that any loan
the government may offer will be
fully subscribed, but the measure of
success will be the extent of the pop
ular response-the extent to which
1t is taken by the people and kept
out of the banks, whose resources
should not be tied up permanently
it it is possible to avoid doing so.
The next loan is sure to be bulky, and
should be offered when labor is
working six days a week for indus
try that Is making profits on the
scale that prevailed before the re-
cent shutdown.
New-York tribune., 1918-01-24
What Corporations Must Earn
To Make Stocks Worth Par

The annual report Of the Commits
sioner Of Internal Revenue. in explain
ing the manner Of arriving at the
capital stock tax levied on corpora
tions and Joint stock companies last
year, offers some interesting statistics
on the earning capacity of various busi-
ness and industrial enterprises For ex-
ample. it was found upon examination
of the returns of net income of large
number of different classes of corpo
rations listed on an exchange that they
had to earn approximately the fol-
lowing rates in order to make their
stock worth par:
Banking: Per Cent.
New-York tribune., 1918-01-24
Phones "Phoney" Orders

Information reached the Stock Ex-
change yesterday that on Monday some
unknown person called up the branch
Offices of two members of the exchange
and. gave them orders to buy certain
shares, using the name of another
Stock Exchange house. Officials of the
exchange pointed out that this is re-
curing means of attempting to In
huencc the market, and dealers in
securities should exercise caution in
honoring such orders.
New-York tribune., 1918-01-24
Second Liberty Loan
Nearly All Paid In

WASHINGTON, Jan. 23.-All except
s15,O00,OOO of the s3,SOS, ,oC0 900 total
of the second Liberty Loan had been
paid into the Treasury to-day, and
reported tomorrow. The collections
have been $3,793,000 900.
Receipts from war savings and
thrift stamps have been s24,335, 900.
New-York tribune., 1918-01-24
Marine Shares or Again

A sharp reaction in international
Mercantile Marine preferred in yester-
days late trading was accompanied by
reports that negotiations understood
to have been under way between the
company and British syndicate for
the sale to the latter of the ships
flying the British flag have been aban-
doned. The amount named in the pro-
posed transaction was $25,0O0,0OO. No
official statement that the negotiations
were under way was ever issued by the
company. Marine preferred, which sold
as high as 917s in the morning trad
ing, broke toward the close to 887, a
net loss Of 22s points.
New-York tribune., 1918-01-24

Bank Clearings.-New York, ex-
changes, s521, ,7O9,317; balances, s45,-
270,139.
Silver.-Bars in London, 437sd; un-
changed. New York, 877sc; unchanged.
Mexican dollars, Tic; unchanged.
Sub-Treasury.--New York banks lost
to the SubTreasury S2,0O2,00O.
New-York tribune., 1918-01-24

The above rates express the cost Of
foreign money in terms Of the Amcri
can dollar. You buy an English pound
sterling at, say, s4.75l's. The intrinsic
parity is $4.S6@s per pound Thus, YOU
say either that pounds are at a dis
count or that dollars are at a premium,
which Is owing to the fact that in Eng
iand the demand for dollars with which
to settle accounts in this country ;s
greater than the demand in this coun-
try for pounds with which to settle &C.
counts in EnrIand
New-York tribune., 1918-01-24
Extra Dividends
Alaska p

Alaska Packers Associaton.-Th
company declared a special dividend Of
$40 per share and a dividend of s.
from Insurance fund interest income,
IN addition to the regular quarterly
dividend of 81 per share, all payable
February to stock Of record Janu-
airy 81.
New-York tribune., 1918-01-24

Soldier Brokers' Dues Remitted.-At
d meeting of the governing committee
CT the Stock Exchange yesterday
resolution was adopted remitting the
annual dues of members who are alone
ir business and are in the active mill
tary or naval service Of the United
States.
New-York tribune., 1918-01-24
New York
Stock Exchange Iistinos

Stock Exchange Listings.-The fol-
lowing securities were admitted to trad
ing by the Stock Exchange governing
committee at a meeting yesterday:
$10,151 200 additional capital stock of
the General Electric Company, $780, 900
additional first mortgage per cent
bonds of the Lexington & Eastern Rail-
way Company, $1,750,O0O additional
common stock of the Ohio Cities Gas
COmnanv
New-York tribune., 1918-01-24

Standard Oil of Indiana.=The COM
rany has declared an extra dividend OF
3 per cent, in addition to the regular
quarterly dividend of per cent, both
payable February % to stock Of record
February 4.
New-York tribune., 1918-01-24

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., 1918-01-24

The plan proposed by Mr.. Morse
has not been considered by the New
York or other Federal Reserve banks,
as far as could be learned in the
financial district yesterday, but it
was enthusiastically indorsed by
some prominent bankers. The ad-
vantages which would accrue from
the adoption of this scheme are i'm
portant. The burden of financing
the governments needs until it is
deemed wise to bring out the next
issue of Liberty bonds would be dis
tributed evenly and in such Il man.
ner as to cause the least possible
monetary disturbance. Ankby rea-
son of that fact much larger total
of certificates of indebtedness could
be placed, which means that f1ota-
tlon of the loan could be deferred
until conditions were more propi-
tious. 1t is obvious that the greater
the distance between the present in
dustrial disturbance and the Offering
New-York tribune., 1918-01-24
eUY-sELL

MIDWEST REFINING CO.
MERRITT Oil CORPORATION
ELK BASIN PETROLEUM CO.
INTERN ATtON'L PETROLEUM
IMPERIAL OIL CO., LTD.
LORlTOS OlIFlEL DS, LTD.
SAPULPA REFINING CO.
HOUSTON OIL CO.
PORT LOBOS PETROLEUM
NATIONAL FUEL GAS CO.
NORTHWEST OIL CO.
COSOEN AND CO.
BONDS STOCK
CARL H.PFORZHEIMER RICO.
Dealers in Standard OIL Securities
Phsno 1860 i-2-s-% Broad. rs broad st.. N. Y.
New-York tribune., 1918-01-24
Money and Credit

The distinctly easier tone in the
call money market yesterday was trace
able to the fresh deposit of United
States government funds with the local
banks from the proceeds of the latest
sale Of Treasury certificates of indebt-
edness. The rate on call loans at the
Stock Exchange dropped as low as 21a
per cent, the lowest level in weeks,
which compared with ruling rate Of 6
per cent the day before. Most of the
loans were placed on per cent
basis, however.
The easier feeling in call money did
not extend to the market for fixed date
funds, rates for which were firmly
maintained.
Ruling rates for money yesterday,
compared with q year ago, were as fol-
lows:
Yesterday. Year ago.
Call money. so 3po
Time money (mixed collateral):
Sixty days. s......... 534oo 2L2@234%
Ninety days. ...... 5s49o 2a4oo
Four months. s.... 5a49o 2s4@3%
Five to six months 5349o 80
Commercial Paper.-This market was
quiet yesterday, rates holding firm at
61a to So per cent for the best regu-
lar maturites.
Official rates Of discount for each Of
the twelve Federal districts are as fol-
lows:
New-York tribune., 1918-01-24
Acid Contract Under Discussion

Denial was made in official quarters
yesterday that an adjustment of the
sulphurc acid contract between the
Tennessee Copper Company and the
international Agricultural Corporation
had been effected. A report stated that
under the new arrangement the copper
company will receive considerably
larger profits than heretofore from it's
sales of acid to the fertilizer concern.
A director of the Tennessee Copper
Company stated that no adjustment
had been made, but he admitted that
one was under consideration.
New-York tribune., 1918-01-24
Purpose Of Federal
Control Is Asked
By Oil Producers
Industry. They Contend, l
Doing Its Best to Serve
Government Needs
By F. H. Taylor.

OIL Editor, The OIL City Derrick
T NTIL some definite information
of the plans Of the Fuel Ad-
ministrator relative to the con-
New-York tribune., 1918-01-24
Fuller Utilization of Credit

Lewis E. Pierson. chairman of the
board, of the Irving National Bank,
makes the following SUGGESTIONS in this
connection: "That the Treasury Depart
ment might require that each and
every manufacturer first should use
his own credit, giving trade acceptances
for raw or other materials purchased,
before calling upon the government for
additional financing. That in cases in
which the government has already au-
thorized certain advances which are
found insufficient for the full purpose
contemplated in the contract the con-
Germ should be required to utilize it's
commercial credit through the giving
of trade acceptances before requesting
additional funds from the government.
By treating the situation in this way
the high class of credit of these indus
tries will serve purpose which other
wise would be served by money pro-
vided through the sale of Liberty
bonds, and the money thus released
would be available for other war pur-
poses. in the treatment of which COM
mercial credit could not be used ef-
fectively."
New-York tribune., 1918-01-24
Urges Use of Acceptances

The American Trade Acceptance
Council believes that now the time is
ripe for an aggressive campaign in
bringing about a greater use of trade
acceptances as credit instrument.
The council has already suggested to
the authorities in Washington that the
the granting of advances to manufact-
urers and contractors doing govern
ment work, should adopt the poncy of
refusing to approve advance payments
until the applicant has availed of his
own credit by resort to trade accept
ances in the purchase Of raw materials.
New-York tribune., 1918-01-24
Corporation Returns
Twin City Rapid Transit Companv
Cotton Ginning

Balance
Free trader-journal. (Ottawa, Ill.) 1916-1920, 1918-07-31
COUNTRY SCHOOLS
CLEAR Sl423 FOR
RED CROSS FUNDS
COUNTY SUPERINTENDENT FOS.
TER REPORTS ON RECEIPTS or
GRADUATION EXERCISES -
$353.67 TO READERS FUND.

The financial report of the La Salla
county country schools graduation ex-
ercises has just been completed by
County Superintendent w. Il. Foster.
showing a total amount of S1.71f.02
cleared by these exercises and 1858 81
was turned into The supplementary
reader fund.
Fhe amount turned into The Red
Cross fund is one of the largest
amounts ever cleared for Red Cross
purposes by one project. and Is more
than $4,000 more than the amount
cleared by the La Sale county page
ant. Each school was allowed to pick
out the Red Cross organization its
money was TO 20 to- and the money
was paid by Mr.. Foster to that or
gani4ation The Ottawa Red Cross
| organization has received $50 60 from
this fund
The money was taken In a. thu
| graduation exercises on % cent ad
! mission fees. which would bring tn,
! total number Of people attending hes,
| exercises in the neighborhood of 6
/ 600. Al some OF the schools. ic,
cream and cake were served folowin!
| the exercises which helped to swell
: the fund considerably.
The report in full reads.
/ Not rnrnipts from tha fpi1au-i,
Free trader-journal. (Ottawa, Ill.) 1916-1920, 1918-07-31
SON OF H0RSEMAN
ARRESTED FOR Thief 7

Accused by John Puios, Il Streator
restaurant keeper OF trying to divest
him OF a watch and chaiu but deny
ing the charge, Harry Lacey aged 80,
son OF we'll known La Sale horse
buyer, today was locked in the county
Jail under $500 bonds 70 await the
action OF the next grand jury.
|. Lacey was arrested shortly after
warrants were issued for him and was
given a preliminary hearing before
Magistrate Bean, who ordered him
committed 10 the Ottawa Jail He was
brought 10 Ottawa this morning by
Deputy Sheriff Goebel, and because
of his failure to obtain bonds, he vii
remain a prisoner until the grand lur'
meets,