davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-07-14
Chain of Cotton 'ss
Warehouses; Want
Government Help
Plan to Save Planters From
Losses Due to Over
supply

The establishment of chain of cot
ton warehouses, financed in part by
the government, will be proposed bv
special committee Of the National As
sociation of Cotton Manufacturers at a
meeting IN Washington on July IT, An
ofhclal announcement yesterday stated
that such an arrangement would offer
less expensive and more efficient means
of accomplishing the end sought by
Southern interests who recently sug,
gested the formation of the United
States Cotton Corporation. This latter
proposal was embodied in a resolution
passed at meeting sponsored by the
Texas Bankers Association held in New
Orleans on July 5. The resolution
said:
BE it resolved, that this meeting peti-
ton the President and the Congress of
the United States to create a CORPORA
tion to be known as the United States
cotton Corporation. with power to buy
Tor the United States government such
cotton as may be offered for sale with
OUT other vallable buyers at a price to
be now fixed by the President of the
United States"
Following the passage of this resolu-
ton a committee of growers and bank
ers, representing all the cotton states.
was appointed, under the chairmanship
o Of W. W. Woodson, president Of the he
Texas Bankers Association. This com
mittee will meet with the representa-
t.ves Of the NATIONAL Association of
cotton cotton Manufacturers at the con-
terence in Washington this week
The committee of the Cotton Mann
facturcrs' Association proposes that in
stead of the actual purchase by the
government of the bulk of the cotton
crop 1t purchase or build, at cost of
perhaps S20,000,0Oo, a chain of ware.
houses to be located in the cotton shin
ping and consuming centres, such ware
houses to be constructed under the
onited states warehouse act. 1t is also
negotiable warehouse receipts for the
cotton stored, guaranteeing both weight
ana m grade; These receipts, tits pointed
lateral and could be used as a basis for
bankers and trade acceptances.
New York will be represented at tbe
Washington conference by Theodore +,
Burton. president of the Merchants' M. -
tionaa Bank Albert Breton vice.prssi,
New-York tribune., 1918-07-14
Corporate Returns

y, United Light & Railways Comnanv
ms company reports for the twelve
months ended May 81, 1918. that II E
gross gross Increased s1,121,119, and Id net ,ef
after after taxes ak decreased s14e,s49. Surplus
did Iea = .rna cnarges decreased s1o3,43s. It
~ W. a gross business of $8,1S1,144.
-Tb;s Mestern aaa, Union Telegraph Company.
state Con,nla CIpnrpany reports to the Inter
crease of sl,o2o,o73 in its gross far all Mr. IN, T.
a sn's year, but its net operating reve Mas
nue. decreased s473,791. and it's ans.. onse-
atang aral income decreased s55e, ,2s1, pts IT,
so9ss so9 IL 10r tive months totalled $34,s24.
ooz' an increase of s5,312,140 ''-4'
comns american Telephone and telegram
end"1 S"%gany i reports or for the six months hs
charges '"ne of ss 81 ssa 19ds dS surplus after
SSS, ,494 in the corresponding nsrod slS, ~
New-York tribune., 1918-07-14

government absorbed the proce.a.
instead of allowing them to bs ~;
trlbuted to private interests
Something then should be do..
about it, only who shall do it. Cas
the manufacturers accomplish .,~
good result by refusing the p,;...
that buyers stand ready to nav,
What will the wholesaler who ~.
the goods be likely to do with tbsn,
And what will the wholesaler ~.
did not get the goods at the nr;...
he was willing to pay do withou.
them? And his customers? Az
the consumers? And if the cor
sumer can have the goods at lov
Price, how is consumption to be ~.
stricted so that there remain ovo,
something for the soldiers n 40.
and wear? If the goods are bela
cheap, they will not go round: wba,
is the man willing to pay, but m.
able to get the goods likely to do,
The prices that were held down .,
the first stage will not stay down
The Syracuse coke producers ara
charging this year Sl1 for the coks
that last year | bought for Sc. What
if they still allowed it to ME for So
Bless them; but would this make 70,
economy in fuel? And if they re-.
frain from making me pay s11, will
the other fuel men charge me less
than So or 50 for the hard coal,
Why shall the coke people distrib.
ute driblets of gifts about to fav.
ored consumers? Pay higher wages,
But their competitors don't do it:
and this is no way to limit consump.
tion in general or to get coal to the
ships. follow another plan with
my potatoes. What is the use?
The truth must be frankly recog.
nized that these high prices are a
general tax upon the public col.
lected by the profteers-inevitably
and not unwisely collected, if we
are still to abide by our policy Of
making prices high. But, like other
taxes, they are quite unwisely left
in the hands of the collecting agents.
The manufacturers could accomplish
nothing good by refusing the mar
gins-should and will collect them.
We're there danger that they
would not, we, having arranged the
price imitation, would have to CON-
pei them. The only question is
whether they shall retain the gain
that wisely they cannot forego COL
lecting. 1t is wicked of them if they
do-preferring to buy bonds in
stead of paying profit taxes-there
being no requirement that they pay
over? And so far as there is no re-
quirement that they pay over, shall
the final verdict be one of guilt or
of stupidity? And whose, then, the
guilt-or whose the stupidity?
New-York tribune., 1918-07-14
Dividends

~ Hercules Powder Company
terly dividend of ia per cent IN ~uar- l
le aerred stock, payable August * p't r.
s'ockholders of record August s. "
Pittsburgh Oil and Gas Coun
quarterly dividend of sl.5O sbsro
payable August Is to stockholders of
record July 81. '0'"efs Oh
p Nashville, Chattanooga & St. Iou;s
haiiway.-Semi-an annual dividend - is e1f
per cent, payable August / to stool
holders of record July %.
Public Service Investment Comna,v
..-Quarterly dividend of sl.5o ON any y
lelred stock, payable August / to stpcL
holders of record July II. S''oA-
National Carbon Company.-ouarter
ly dividends Of per cent on nrefa. go .ei ,
I, Stock "a and 81 on common, both pavable
July ~ to stock of record Aupust
New-York tribune., 1918-07-14
Anthracite Output Maintained

The output of anthracite is being
we'll maintained, according to figures
compiled by the Anthracite Bureau of
Information in Philadelphia. Ship
ments for June amounted 10 6.s67 $50
long tons, compared with 6,SS7 ,256
tons in May and with 7,O49, ,O37 tons in
June, 1917. The average daily ship
mcnts last month were 274,707 tons,
compared with 264,S94 the month pre-
ccding and 271,117 in June a year ago.
"The effect of the labor soalcity" says
the bureau, "is. however, being in
creasingly telt, as shown i'll the COM
rarisons OF the shipments Of domestic
sizes, practically all of which are from
fresh mined COAL In June, 1917, the
shipments of domestic sizes, including
pea coal, amounted to 4,7s1 ,969 tons;
in June of this year they fell to 4,49S,-
976 tons, decrease of 2S2,993 tons, or
about 100000 tons more than the total
decrease last month, as compared with
year ago"
New-York tribune., 1918-07-14
ss Wealth Markets and Commerce

dealers may buy and sell as in the
past, except that cable transfers can
not be sold under the rate established
by the division of foreign exchanges
from time to time. The Federal Re-
serve Board, of course, does not guar
antee a continuance of the Italian in
stitute in the market for the purchase
of lire, nor does it guarantee any
transactions which American dealers
may undertake under the new arrange
ment. It's functions in assisting in
this matter are simply advisory.
f, Early in the week an increased de-
mand for guilders sent the rate on AM
sterdam above so cents, but subse-
quently it eased off again. Scandina-
Wan rates were steady. Rates on Paris
and London continued firm.
If you calculate the cost of the dol
lar in terms of foreign money at par
value-that is, IL you were buying dol
lars with pounds, marks or francs-its
value at the close of last week, as
compared with year ago, would be
about as follows:
New-York tribune., 1918-07-14
Economics
Telephones:
Hanover 6514

productive fields, where its employ
ment will result in augmcnting the
national resources
All of which is of vital interest
to Wall Street, in view of the fact
that in the April bulletin referred
to in Governor Harding's letter,
the board definitely classified loans
for purchasing or carrying stocks
and bonds-that is, loans for specu-
lation-as non-essential. That is
something which those who con-
tend that an irresistible bull move
ment is impending would do we'll to
bear in mind.
New-York tribune., 1918-07-14
Relevant Comment
Next Liberty Loan Payment july IS

Next s Liberty Loan Payment July 1s
The Federal Reserve Bank of New
York has notified the banks through
out the district. and also individual
subscribers to the third Liberty Loan,
that the next instalment on account
OF subscriptions will be due on July
10. The lnstalment will amount to 35
per cent. The banks have also been
notified that payment in full NAV be-
made by remitting the rs per cent re-
naming unpaid on subscriptions, to-
gether with the accrued interest on
the amount unpaid from Nay 9, 1918.
AS payments cannot be accepted be-
tween insta lment dates, no full pay
ments can be made between JULY is
and August Is. The banks may use
the Treasury certificates Of indebted
ness of the issue of April %. 1918.
maturing July ~ls, 1918, in making
payments
New-York tribune., 1918-07-14
Considering New Packing Issue

1t Is understood that the Capital
Issues Committee is now considering
the application of the Cuiahy Packing
Company for permission 70 issue $10,-
0oo,o ,ooo tive-year per cent notes.
PROVISIONS of the issue are said TO call
tor q sinking fund, which will retire
60 per cent of the notes at lO1; also
that net quick assets must at all times
be equivalent to 200 per cent OF the
amount of notes outstanding.
New-York tribune., 1918-07-14
Food Canning at Bermuda

Bermudians have imported machinery
from the United States to complete
a plant on the Magnolia Farm near
Hamilton for canning vegetables, fish
and lobster. The principal product
will be tomatoes. The factory can
fill 10000 cans day
New-York tribune., 1918-07-14
Sumatra Shares Weaker

The downward trend in the price of
American Sumatra Tobacco continued
yesterday. The stock sold as low as
1884 and closed at l23i4. for net
less of 3A points. According to COM
mission house gossip, one large holder
of the stock has liquidated about half
his holdings at big profit. American
Sumatra created sensation in May,
when 1t climbed from low of 97ss
to 14n
New-York tribune., 1918-07-14
Telephone Profits Larger

Gross income Of the American Tele-
phone and Telegraph Company for the
half year ended June 80, June figures
estimated, amounted to s29, ,497 ,261.
contrasted with an average of $26,812.-
096 for the six months ended June 30
1917, and 1916. After deducting ex-
penses and interest charges there was
surplus available for dividends of
$2l ,683,010, compared with $19,383, ,494.
the half-year average for the CORE
spending period of the two previous
years.
The report of the companies COM
prising the Bell Telephone system for
the six months ended June 80 compared
with the average for the corresponding
periods of 1915 and 1917 as follows:
First half Av first half
Total operating rev s155, ,25s. .ooo s13s. qss ssz
Operating expenses 108, ,393, 900 oO817 28a
Net operat. rev.. S4e, s63, 900 s45.s71 500
Balance after taxes 35,498, 900 sc. 663 177
other income 4,415,ooo 3.769, ,7so
Gross income. 49,. s39, ,e13, 900 $40 .4ao e57
Interest, rents. etc. 100000 1891 'o82
Net income 49,. s26, ,eo1 900 s2a. SAL .o75
Dividends ......... 100000 1852. SOP
Surplus ........ $71o1,o00 s1o.843.573
sOne month estimated
New-York tribune., 1918-07-14
Britain's Public Debt

-. In the first eight months of the war
donb,a9 tne pa9''c de deb. of Great Britain almost
es5a eSHoed. ood ooo On August l. 1914 it totalled
;ipoa,uoo,uoo; = a. the end Of March, 1918,
by the end of June this vesr = VILE a
mQzs than S6,2QQ. 900 900. ~ ~ was
New-York tribune., 1918-07-14
Assyrians, Not Syrians

In special dispatch to The Tribune
from a Chicago correspondent it was
stated that freas B. Snyder, chairman
OF the National Association of Credit
Men, had disclosed "a conspiracy on the
part or Syrian merchants in the United
states to defraud creditors, to spread
the seeds of disloyalty in America, Mex
leo, Canada, ETC." This was in error.
lnasmuch as Mr.. Snyder's reference was
not to Syrian but to 41ssyrian mer-
New-York tribune., 1918-07-14
Fear Effects of Eliminating
Thru Export Bills of Ladine

Especial Correspondence Of The Trtbune)
CHICAGO, July 13.-Chicago bankers
are highly concerned over the prospec
tive change eliminating through export
bills OF lading from Chicago and sub
stituting domestic bills to seaports and
exports bills from there This would
prevent local trading in export bills of
ladlng drawn on New York and other
ports.
New-York tribune., 1918-07-14
Money and Credit

The Clearing House statement yes
terday disclosed an increase of $780,
$4,000 in surplus reserves, which now
stand at $56,262,47O. Loans and dis
counts increased $62, 1855 900 to s4,44o,-
$4,000. United States government de-
posits totalled 1858, 1000 at the close
of the week. compared with 1855, $40 900
a week ago.
The figures of the Federal Reserve
Bank of New York, as of July IL, show
that the banks last week heavily dis
counted bills with the reserve institu-
ton. The total of bills discounted and
bought by the bank totalled s526,256,-
S44, compared with s474,43S, 900 the
preceding week.
The actual condition of member
banks shown by the Clearing House
statement yesterday follows:
New-York tribune., 1918-07-14

gent gent in charge of the foreign exchsnoo
department. of the Guaranty Trust 7 Tnt"ange @oa;
pany' @ and Eugene V. R. Thaver. nresi Tes-
oeht OF the Chase National Bank p'es'-
New-York tribune., 1918-07-14

AS7sd, unchanged; New York, 996sc,
unchanged; Mexican dollars. TIC, un-
changed.
London Money Market-LONDON
July 13.-Money was steady at pa per
cent. Discount rates were: Short bills
and three months bills, 1882 per cent
Gold premiums at Lisbon stood at 1870.
New-York tribune., 1918-07-14

Discount Rates.--The following table
gives the current rates of the twelve
Federal Reserve banks on commercial
paper on all periods up to ninety days:
New-York tribune., 1918-07-14

PRESUMABLY monopoles have government absorbed tba ~
IN mlnd the larger gains That instead of allowing to
monopoly makes possible tributed to private interests
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1918-04-26
Prove What swamp-Root WIN Ds
foy You

Send ten cents to DIR. Kllmer a
Co. Binghamton. ~. Y, for a sample
sire bottle. IL win convince anyone
You will also receive booklet Of
valuable information. telling about
tho kidneys and bladder When
writing. 10 sure and mention The
Seattle Star. Dept Y. Medium and
large sta bottle. for sale at all drug
stores.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1918-04-26

brought into the Shipbuildcrs' league
IL was decided Thursday. II is pos
sible that a ruling may be made per.
hitting men employed in the yards
for IS days To play.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1918-04-26
NO MORE
FOOT MISERY
lCE-MINT
A NEW DISCOVERY - sTors
SORENESS AND COnNs
PAIL or

Iust a touch or two with ice-mint
aud your cornH.aud foot troubles arc
ended IL takes N. soreness night
out. then tho corn or calloua uhrlNcls
and iifta off.
No matter what YOU have tried or
how many times you have been dia-
appointed. here ~ real hClp for you
al last.
You viii never have 10 cut corn
again or bother with bungllng tape
o. plastrrs.
Hard corns. Hoft corrs or corn :
between the tors Just Hhrivcl up aud
ift off SO easy. Ito wonderful You
feel no pam or horonrsa. when ap-
plying lce-nint or hfirrwafd, II
doesn't even iFritatr the akin.
This new discover. made from a
Japanese product. 20 certainly magic 81
al the way IL draws out inflamria =
ton from . pair OF wollen. burning.
aching feet ir~-mint impartA Huch
a delightful cooling. roothinE feeling
t. the feet that u 1uNt makes YOU
Sigh with relief 10 10 tho real Japan
csc secret for fine. healthy little feet.
AZ ln greatly appreciated By women
who wear high heel shoes. u sbEo-
lutriy prevents foot odnfA. and keeps
them sweet and comfortable.
IL costs little. and VIII give your
poor. tired. suffering. swollen fec
the treat OF their lives. Sold and
recommended hy good druggists
every here.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1918-04-26

is n widow. A nclrhbor had Just re.
cciycd two loads OF two grades OF
wood. and grandmother wanted two
loads Of tho second grade. The man
who took my orrier said he could not
deliver II within two weeks.
Last Monday ! phoned 10 sce what
day Il would be delivered. The man
said IL would be- delivered this week.
lis uho near the top OF the ilat?' !
asked.
"Yes. Her wood will bc sent be.
fore the end Of the week"
I.ast nlght phoned again.
we can't find your order" the
man said.
went 10 the office stuart said
he had no record of tho order. There
are four or five men In tho office.
All Of them take orders. stuart nnid
| could not have ordered Sl.sh wood
when I HaId | did. because IL had adj.
vanccd Co st75. lie said lac would
take my order and treat u aA "A new
one. making me wait three weeks
more for the wood and charging ~
more.
told stuart | gave tho order
day or 30 after the ncighbor received
her second load. lio wanted her
name. I couldn't spell %. No looked II
up In tho directory and pointed Il out
to him. lie looked thru HIS file and
said 10 had no record OF "A delivery
to the neighbor. lie smiled vietofi.
ously.
showed him the reccipted bill for
the delivery.
but we have that In another part
Of our fiic." no explained. after look
lng carefully.
That's your mistake. not mine"
said You said last rlght you didn't
make the delivery. This ~ the see
ond mistake l'vc found In your file. %
Stuart then took mo by tho arm
and pushed mo thru tho door.
There's another widow living
across the street from grandmother.
She claims she was phe victim of the
same kind Of deal with Bryant'H.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1918-04-26
BOIL ERMAKERS VOTE
ON MOONEY STRIKE

Balloting on the proposed protest
strike out or sympathy for Thomas
]. Mooney. condemned San Francisco
labor leader. was begun at a special
meeting OF the Bollcrmakers', Iron
Shlpbuilders' and Helpers union. No.
l0i. In Forcsters' hul. Thursday
night. Several days viii elapse he.
fore complete vote can be taken.
The result OF Thursdays meeting Is
said to have favored the May dom.
onstration in behalf OF Mooney.
Tho S.S00.ton Western Queen, Skin.
nor & Eddy ship. was turned over TO
shipping board representatives
Thursday.
She Is the eighth ship to he deliv.
cred to the government for the new
yenr and brings the total tonnage
delivered by Skinner & Eddy up 10
II 900.
Tho trial trip was made O'Clock
Thursday. with Capt Buck" Bailey
In charge. The Western Queen is
the last OF tho comma ndeered ships.
Hcnceforth skinner d Eddy Will
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1918-04-26

build direct government contract YES
sells.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1918-04-26

4th-PAINLESS METHODS. Thi. is matter
OF first importance to you. If you thought that you
had to 60 through lot Of torture in order to have
dental work done you would very likely postpone
month to month. And we can't say that we would
blame you much either.
But we have robbed the dental chair of its ter
rors. We have brought system of painless dem
tistry to such point of perfection that
able to perform practically any and all kinds of
dental work without hurting the patient bit
5th-SANrTATION Our offices are model
of modern sanitation We have spent a great deal
of money on this feature alone. All instruments
are thoroughly sterilized by the most improved
methods. All operators and attendants are CARRIED
in spotless white at al times.
6th-IRONCLAD GUARANTEE OF Salts
FACTION. All work that leaves this office is
guaranteed with IN ronclad guarantee of satisfac-
ton which is signed by the operator who did the
work, and also BY l. r. Clark DDS, owner me-
manager Of this office, who Is thoroughly response
bic.
This guarantee means just what it says-sh2U
if, for any reason, your work does not give you
entire satisfaction, come back to US and we will
make it right.
7th-DESIRE TO PLEASE AND SATISFY
YOU. This Is an important matter. We regard
reputation As worth more to US than your dol
lars Be assured, then, that we are going to 90 the
limit to please and satisfy you when you come here
for dental work
We are depending on you to recommend your
friends to US when they in need of dental
ice In fact this has been one of the important fac.
tors in the building up of our business
Give this matter careful thought right now as
you reading this announcement. Isn't It about
time that you gave yourself the advantage of good
set of teeth?
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1918-04-26
Nav We Have the Pleasure
Of a Call From You Tomorrow?

We ould greatly appreciate the opportunity of having
OF dentists look teeth for His
expert and thorough knowledge OU enable him in few
minutes to give thorough diagnosis of Just at the
matter lifh eef-Uhaf be done to
then, right and also ha the cost of the t0 be to
you.
And Uery that by doing this .uW be
forming of the most beneficial services possible to your
self.
Bad teeth are a mighty dangerous thing to haUe.
you realized just hoD much harm it possible for de-
cayed teeth to do to Would be doWn Of
flee right after eight o'clock tomorrow morning.
DO YOU KNOW that decayed teeth many forms
of diseaseson,e seriousbu that
serious indeed and far reaching their effects? Probably
don't knoW this certainly IUould pern, your
self to be afflicted With bad teeth Uery long.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1918-04-26
Shipyard and
Waterfront
News & Notes
CAPT. GIBSON WILL BE
MADE MASTER OF SHIP

Capt. ]. s. Gibson. prominent Seat.
tic business man. and president of
the international Stevedoring Co.
will be appointed master OF n Skin.
ncr & Eddy vessel TO be completed
and ready for sea about June /. The
vessel viii be named the West Alsek.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1918-04-26
4O5 Third Avenue
DONATE AMBUlANCES

Pacific Coast fircmen are donating
three equipped ambulanccs for use
In France. Chief Stctson has issued
the call for fircmcn In Washington
state. and has asked that each fire
man mail him check for nj least
81. The ambulance will cost s. .00o
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1918-04-26
EVERYBODY Satisfied With
This Kidney Medicine

In the trade there are many msdi'
cinoH for sale. but considering all OF
them. ther. Is not remedy that en-.
joys n better reputation or has met
with better success Ia the treatment
of the troubles for which n IL intend.
sd than rr. Knmcrs swamp Root.
II has been. . succeaFfuf ard eatis.
factory seller with W. Tor twelve
years. and my experience IN selling
II has been very favorable
Very truly yours.
pfTTMEE's MISSION PHARMACY
Per Adolph Dittmrr.
August I'd. 1917. Orange. Calf.