davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-04-19
BANKING HOURS FROM "a. N. I0SP.M
SAFE DEPOSIT VAULTS 8A.M. 10 MIDNIGHT
Reading Reports
Increase in Profits

The Reading Company. which owns
all the stock of the Philadelphia &
Reading Railway Company and of the
Philadelphia & Reading Coal and Iron
Company, in it's report for the 1917
calendar year, issued yesterday, shows
total receipts of $15,814239. compared
with S15,179.258 the previous year.
Last years income was derived from
dividends, s12.418,995; rental of equip
ment, $3,096,351; rentals from other
property, s298,892.
In previous years the companys an
nual reports have been for the twelve
months ended June 80, and because
OF the change to the calendar year
report for the eighteen months ended
December 81 last is also contained IN
the statement sent to stockholders yes
terday. The balance carried to proht
and loss at the end of the year was
$30,749,065. The surplus available for
dividends totalled S15,301 ,84S.
Fixed charges absorbed $5,915,925 OF
last years income and further de-
duction of $118.072 was made for CON
tlngent" expenses, leaving surplus
of S9,78O,242, which, after allowing for
the annual dividend requirements OF
per cent each on the first and second
preferred stock issues, was equivalent
to 997 per cent on the $4,000, 900 COM
mon stock, compared with 9.63 per
cent earned in the 1916 calendar year.
Gross operating revenues OF the
Philadelphia & Reading Railway Com
pany for 1917 were S66,s31 1898, COM
pared with S60,452 1863 the previous,
year. Operating expenses increased
S11 ,819,825, and taxes were s3O7,lOo
higher. AS a result operating lncomee
amounted to S1S,091 sol, decrease Oh
5,745,435. Little assistance was re-
ceived from the item "non-operat'ng
income" as the balance before hxea
charges, amounting to S1S94z.4'4.,
showed a loss compared with 1916 OF
S5,754,4S0 After deductions for IN
terest and other fixed charges there
was a surplus of $S,5O0,649, which was
reduced to $4.715,26S by an appropra.
tion of $3,7S5,3S0 for investment III
physical property"
The profit and loss statement OF thO
company indicated that it turned over
to the Reading Company during sns nc
eighteen months ended December ..
last, $10,620,425 in dividends. Jus'
how much of the surplus of the rnIla
delphia & Reading Coal and Iron Iom ,1nx
pany was taken over by the holai''
company was not divulged.
Total receipts of the Coal and iIS' nos
Company last year were S49. .S9e'sVH
compared with 42,7O1 .06l in 1915 -. ~
cost the company $43.30s,941 to hano'Ss
Its business so. that the operalln4
profit amounted to $6,5S7 ,966. compare
with S3,099.755 the previous year. Inv
surplus after fixed charges. taxes, IN
terest, etc, for 1917 was s5,436,6SS' AZ
increase of S297o243
New-York tribune., 1918-04-19

Domestic

City Bank Sues for s14o.0oo.-NEw
ARK, n. j., April 18. = Tho Nat;nna1 !
City Bank of New York is 1ut'af n1a;vt;r
IN suit on trial here to-dav hefore
Judge Haight in the Federal Conrt te
recover $4,000 from the Mutual Tr,st ~
Company, of Orange. L. Recenshnro
of Bound Brook, special deputv stato
bank examiner. and Roymavber of
"estheld. assistant to Regensburp' are
co-defendants. 81 "ie
The defendant trust company wos
wrecked some time ago by Edwin II
Hatch, then vice-presdent and general
manager, who is now in the state
prison for the offence Subsequent to
Hatch's Imprisonment it was found that
subordinate, evidently working in co..
operation with him, had over-certifed
certificates of deposit as collateral for
loans which had been made through
the National City Bank of New YORK
to the amount of $4,000.
Approve Utility Issue.-TRENToN
N. j.: April 18.-Approval was given by
the State Board of Public Utility Com.
missioners to-day for the issue of
$4,000 of capital stock and $4,000 Of
first mortgage bonds. instead of Sc. 900
of capital stock and $500 of bonds
applied for by the West Monmouth
Water Company, to reimburse it's treas
ury for expenditures for capital ac-
count.
New-York tribune., 1918-04-19

This outburst Of activity and the
resulting price recovery may prove
unfortunate, since it was based on
news the import of which cannot
now be gauged. If traders have
overemphasized it's Importance, it
is to be expected that a reaction
quite as extensive as yesterdays
recovery will ensue. Speculation
based on fluctuations in the tide of
the great battle is hazardous. 1t
must be said, however, that even if
the gains made yesterday should
not be held there is little danger at
present of serious slump in the
market. Apparently nothing but
an overwhelming German victory
could cause crisis now. Stocks
have been overliquidated.
New-York tribune., 1918-04-19
Sumatra ex-Dividend Monday

The rise of 1ss points in American
Sumatra Tobacco yesterday to 81 at
tracted attention to the fact that this
stock will sell ex dividend on Monday
the new quarterly rate of 2 per cent
Brokers who claim to have authentic
information on the affairs of the COM
pany are still optimistic as to it's fut-
ure. Yesterdays advance may have
been accelerated somewhat by the COW
ering of shorts who do not wish to
paw the dividend.
New-York tribune., 1918-04-19
Would Compress Cotton

WASHINGTON, April 1s.-sugges-
tions that the railroad administration
require that all cotton offered for shin
ment be compressed to a density of
SS pounds a cubic foot probably will
be acted on, it was said to-day. as
soon as Secretary McAdoo returns from
the West.
The plan has the approval of the
Shipping Board, the Department of
Agriculture and many commercial or
carnations. 1t is claimed that if nut
into operation it would reduce from
10000 to 5000 the number of freight
cars necessary to move the annual
cotton crop.
New-York tribune., 1918-04-19

This has been the argument of
those who have taken an optimistic
view of the stock market in the try
ing days since the Germans started
the great drive: "Stocks do not go
down on extremely adverse news,
which shows that the market is
oversold; therefore, when favorable
news is received q general recOv-
cry is to be expected" The action
of the market yesterday appeared
to bear out this view, for the report
that the French were "heavily en-
gagged in the northern battle area"
stirred the market into activity
such as has not been witnessed for
several weeks. There was a rush
to buy stocks, not only by traders
who had previously sold short in
anticipation Of fall, but by others
who, for the first time since the
drive began, were willing to make
commitments on the long side.
Steel common was the pivot on which
the market swung in the advanc-
ing movement. Trading in this is
sue was almost as large in volume
as the total transactions in all
stocks in many recent sessions. The
rise was almost uninterrupted, and
the price advanced to the highest
point touched since the early part
of March. The momentum devel-
oped by this issue was quite extfaor-
dinary when contrasted with it's
recent stolidity, and lent strength
to the rest of the list. Some stocks
closed at prices we'll above those
prevailing before the drive was
started.
New-York tribune., 1918-04-19
The Dollar in Foreign Exchange

Exchange rates on Spain broke
sharply in the local market yesterday,
pesetas selling off 2 cents to 26% on
comparatively heavy offerings. Brokers
said the decline was a natural reaction
following the sensational advance in
pesetas earlier in the week, when they
sold up to 31A cents.
Italian exchange was lower, but sterl-
ing and francs maintain a firm under
tone. Scandinavian rates were un-
changed
Closing rates yesterday, compared
with a week ago, follow:
(Quoted dollars to the pound.)
New-York tribune., 1918-04-19
Current

The above rates express the cost Of
foreign money in terms of the Ameri-
can dollar You buy an English pound
sterling at, say, s4.75ss. The intrinsic
parity is s4.S6ss per pound. Thus you
say either that pounds are at discount
or that dollars are at a premium, which
is owing to the fact that in England
the demand for dollars with which to
settle accounts in this country is greater
than the demand in this country for
pounds with which to settle accounts in
England.
New-York tribune., 1918-04-19
Erie's "Other Income"

In the complete pamphlet report of
the Erie Railroad for 1917 to be issued
as soon as the company has drawn up
its contract with the Director General
under the plan of government con.
troll, it is understood that "non-oper-
ating income" amounting to Ss,686,OO
will be shown. This, it will be seen
will be the deciding factor in enabling
the company to report q surplus for
the year of about $500,00O instead of
deficit of nearly s5,000,0OO, as the
increase in other income amounts to
S4,93l, 900. The reason for the big in
crease in the latter item is found in
contribution of $6,O00,0OO in divi-
dends from the Pennsylvania Coal
Company, which is owned by the Erie,
but which it is not allowed to operate
directly under decisions Of the United
States Supreme Court.
New-York tribune., 1918-04-19
Bill to Fix Price
Of Cotton Introduced

WASHINGTON, April 1S.-A bill to
fix the maximum price for raw cotton.
when sold by the producer or dealer
to the manufacturer, at 90 cents a
pound during the war was introduced
to-day by Representative Emerson. of
Ohio. 1t proposes that the President
may reduce or raise the price in his
discretion.
New-York tribune., 1918-04-19
MIR. Schwab's Birthday Present

Charles NJ Schwab's appointment to
the position of director general of the
Emergency Fleet Corporation was in
the nature of birthday present for
the head of the Bethlehem Steel Cor
poration. For it was just ffty-six
years ago yesterday that he was born
in Williamsbu Penn, about seventy
miles from Gettysburg, which was to
take large chapter in American his
tory fifteen months later,
New-York tribune., 1918-04-19
The Market Doubts 1t

If the New Haven stockholders are
hopeful of resumption of dividends,
as was indicated by the discussion at
the annual meeting, this did not reflect
yesterday in the action of the stock.
New Haven was extremely quiet, with
800 shares changing hands at 2S1A, an
advance from Wednesdays close. of z.
New-York tribune., 1918-04-19

London Money Market.-LONDON
April 1S.-Money was abundant, rul-
ing at PA per cent Discount rates
were quiet, with short bills at 3ha per
cent and threemonths' bills at 31a Der
per cent. Gold premium at Lisbon,
10000
New-York tribune., 1918-04-19
- - 49, ---------------~
DIVIDEND NOTICES

PACIFIC POWER & LIGHT CO-
PORTLAND, OREGON. ~,o n.
STOCK DIVIDEND NJ cne
The regular quarterly dividend 0, Yi ,hs
and three quarters u%Ss) per cent eent.Mp on u 4
Preferred Stock OF PACIFIC PoMs nay
LIGHT COMPANY has been deciarsur ursrord
able May l, 1918, 10 stockholders OF osa,s
at tho close of business April q ,,.r.
GEORGE r. NEVINS. Tressu1'
New-York tribune., 1918-04-19
unchanged; Mexican dollars, TIC, un-
changed.
Sub-Treasury.-Thc banks lost to
the Sub-Treasury yesterday 100000.

0r'c 0''O ef1Su1y VesteTuay $553,UUU.
Gold from Canada.-7The Liberty Ma
tional Bank has received from cor
respondent bank in Canada s12O,OOO in
gold bars, with the request that it be
converted into American double eagles,
the coin to be held here subject to the
disposition of the Canadian institu-
ton. A similar transaction occurred
several months ago.
Bank of England Statement.--LON-
DON, April 1S.-The weekly statement
OF the Bank of England showed an in
crease of 4561 in gold holdings. The
proportion of reserves to liabilities
now stands at 17.H per cent, COM
pared with $500 week ago. The state
ment, with the changes from last
week follows:
New-York tribune., 1918-04-19

some wen
Say, What does
this Government ex-
pect, anyway? It's
piling taxes on us,
hampering our busi-
ness, taking our
profits, and asking
us to buy bonds,
bonds, and still more
bonds. When is this
thing going to end?"
When you hear
anybody talking in
that strain, give him
this to think about:
1T isn't a question
of what the Govern
ment wants. It's a ques-
ton of what YOU want
what YOU expect.
DO you expect to
have any business, any
home, any family, any
country, after the WARP
DO you think the
Government ought to
coddle you and consider
your feelings and in
terests, or get busy and
whip the Germans as
quickly as possible?
"Over in Belgium
and France there are
thousands of men who
can't even find the place
where their business was
located who don't
know where their fam
lies are. Over there
men are dying for the
sacred cause of liberty
and justice, and asking
no reward but a hero s
grave.
Cant you think that
the first and only duty
of our Government is
to stop this frightful
slaughter. this waste of
blood and treasure?
What do your tenn
porary interests amount
to as against the victory
of our army, the per-
manent safety of Amer
lean business, the pres
ervation of human lib
erty and civilizationp"
All true Americans
should answer these ques-
tions honestly.
We must all put self
behind us and back our
Government, our soldiers
and sailors with all the
dollars we can possibly
get together UNTIL WE
WIN THE WAR.
fI!lu.
New-York tribune., 1918-04-19

Below IS given the current exchange
value of foreign money in dollats and
cents, together with the intrinsic gold
parity, as calculated by the United
States Mint:
New-York tribune., 1918-04-19
News Digest
Foreign

London Market Cheerful.-LoNDoN
Aprll apr; lS.LThe stock market main
tanned cheerful tone to-day. and in
vestment issues retained their firm
sale, and lost eight points. Tin mines
responded to an upward movement in
the metal and shipping stocks were re-
narder Elsewhere the market was
quietly steady. was
~ Paris Bourse.-PARIs. April 49,
iradlng was quiet on the Bourse TO-
DAY. Three per cent rentes So Francs
! ~ centlmes for cash. Exchange on
London, ~ francs 16 centimes. Five
per cent loan, 88 francs IS centimes
British Imports Larger.-LoNDoN.
April 18.-The Board Of Trade figures
Tor March show an increase in imnorts
OF i26090,O00 over last year and q do.
crease in exports Of 48, ,1O9, 900. The nr;n-
clpaI c increases in imports were: Food
+ 100000; raw materials. 1000. .ooo
0ao 0o "hich lci cotton accounted for $1,000,
900 The chief decreases in exnorts
were in manufactured articles -
New-York tribune., 1918-04-19
Money and Credit

The banks were less liberal in their
offerings of call money at the Stock
Exchange yesterday owing to with
drawals of government deposits at this
centre. Call money opened at per
cent and renewed at that figure, later
easing off to q, after the bulk of the
demand had been met. The ruling rate
was per cent, compared with 31a on
Wednesday.
Conditions in the market for fixed
date funds showed no important change
yesterday. A small amount of money
was placed for sixty and ninety day
periods at 6 per cent, against indus
trial collateral Banks continue to
restrict offerings.
Ruling rates for money yesterday,
compared with year ago, were as fol-
lows:
Yesterday. Year ago.
Call monev Per E cent Per Per cent
Time money (mixed collateraD:
Sixty days. 6 3M@4
Ninety days. 6 1904
Four months. q
to months. ..... 6 q @4N
Commercial Paper.-Only a small
amount of business is being done in
this market. Prime paper at four to
six months maturity is being discount
ed at per cent, with local institu-
tions practically out of the market
Out of-town banks are doing most of
the business.
Bank Acceptances.-An active mar
ket continues in bank acceptances with
rates steady. as follows:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent Per cent Per cent.
E Bile
:, banks b Ks ':l ;: .44@4 4.@4a 4a @4a
E igib bl
Der banks.4h@4Is 4"@4A 4A@4h
bank blls.5A@4a4 sA@4M 5M@4M
For delivery within thirty days:
Per cent.
Eligible member banks....... 45z
Eligible non-member banks.... 431
Ineligible bank bills.
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:
----------- Maturity ---------------,
Within Is days 16 e1
including mem to to
Der banks' col co 90
lateral notes days davs
inclusive. inclusive.
boston... 4M 434
view YORK. 434 4a4
PhIla...... 434 43A
Cleveland. az 43a 1sn
Richmond. 4l4 43a 4s[
A@.ahta'.. 4M 434
Chicago. q 4sa
~. ~ LOUIS. . 4M 434
Minn.... q 4M
Kan City. a 43M a..
Dallas..... q 434
San Fran. 4A 43h
Bank Clearings.-The days bank
clearings at New York and other cities:
Exchanges. Balances.
New York. .$57e, ,322,42 $58, ,oe5
Boston ........ 58,148,273 15,074. .3e9
Philadelphia :. 61,372,34o 11,s57.816
Silver.--Bnr silver in london was
TAd. unchanged; New York, 95ssc,
New-York tribune., 1918-04-19

Bank CIearIngs.-The dav's bark
clearngs at New York and other cit;es.
-, Exchanges Balances.
New York. $579,322.425 asa s11 noS
Boston ....... Sc, 6,14s,273 1904, ,3ee
Philadelphia 61,372,349 11,e57,816
Silver.~-Bnr silver in London WAS
TMd. unchanged; New York, 95s.c.
New-York tribune., 1918-04-19
Market Baroneters
Stock Exchange Transaction,

January I to date:
Milford chronicle., 1918-03-15
HARRINGTON

The Rev. D. H. Hargis. D vii
preach az Metropolitan NJ f. Church or
sunday. March H. 1918. at D. m. Omar.
vited 'OU' Is M
Mrs. Xix Long has returned from Nor
'oiA' al which place she visited her broth :
er' who is in the NAVY.
Frank Thomas is SPENDING ,b. -.
WIN nus daughter, Bertha. at Camden
y D. -Sne has been quite in for sevar.l
esAs' her many friends are hopine
Tor her recovery. pms
Mony enjoyed the lecture. IT'S 1.o,-
way 10 Tipperary'. given BY J. HarvaS
burgess, on Wednesday evening Tbis
lecture is very popular.
= surprise party was rendered Rola,5
N'ottS on Monday evening. the 80
sIoi being his bis birthday. A nlasso.,
evening was spent. ''''-''''
Miss Cathell Ward spent tho ~.
at Hobbs and Ross Lane emu
mss MS Minnie Price spent SATURDAY q.
!, ne "'nd storm. on sunday. did Soma
!, I,'''''se IN this section. Roofs -
o,o"n on ourbuildings and fod5er 80,
down, window panes blov-, 80
and trees uprooted ''o"n out
MT ana Mrs. Phillip Cheezp,, o.,.
'1l'ea y. their second wedding anni,.as'.. 80
family reunion held at the hor,e /,
~ ~. anu Mrs William Cheezum A. ~
'O,,' on Friday. March Sth
reverend W. L. Jumn h.s
l, sues' OF his sister Mrs Cooper ~ M s.,e
-. - The theme OF his sern,o- - .
Su"1ay y will be Parents" At ,hs ,e' mex neA'
IN n Church, and an Eastsr ~ s1- ION
,pee,9I n so' delivered by the pastor after tSa
~ Ia. are cordially invited. u"u'ay'
The twenty-eighth weda,,~
vas ooSsrSaS Saa birthday Of Mrs. Alice H. Res,
'',S ~. birthday cards were recs,vea a. Is
Mr. and Mrs. Wallace Norsa.', sSSavSa.
'rice. Gnu with Mrs. Anna
,,a.. s.is' NoFa6eck OF Dover has ha.,
Z 9osse,'u Ross NV ", l. Jump visited rehati,os
: N0sS Lane the first Of the " wesl- ,S'A''Ves
Milford chronicle., 1918-03-15
HARBEsON.

The sunday school for Beaver Dam
church has elected officers for the ensu-
ing year as follows: Superintendent.
/ Hynson 3. Davidson; assistant superiu-
-endent. Charles a. Davidson; secretary.
Mrs Meta Mason; treasurer. Mrs. Geo.
A Rust; organist, Miss Alberta Torberr
Teachers-Lawrence Mason. Beatrice
Davidson. Alberta Torbert. Elsie David
son. Charles Davidson. Mrs. Delema
Steward. Riley Rogers. Jessie Ennis. and
/ George Torbert
Mrs Laura Holland ANA daughter Miss
Eugenia spent saturday and sunday with
Mrs Edward Veasey.
Mrs Margaret Burton and Miss Olive
Nessey are sepnding d while with their
brothers. Edward and Harry Veasey.
MI and Mrs. Harry Rust, Sheridan
warrington and William Steward have
returned home after spending a few days
in Philadelphia
Misses Jessie Ennis and Alberta Tor
bert spent sunday with Miss Elsie Keep
pie.
Mr. and Mrs John veasey entertained
many Of their friends at supper on sat
llfiay IN honor Of their daughter. Mrs.
kendal Warrington.
Inere viii be Christian Endeavor SER
vices sunday evening. Ted By Frank Cow
erdale. followed by preaching Al eight
o'clock.
ne terrible wind storm on sunday did
much damage around this vicinity II
blew TWO large trees down in from of i
"a ward Naushan's house. and they fell
'n the house, knocking the chimney down
ana damaging the third story. Mrs. Mar
sSret Vaughan. who is very sick. was
moved 10 The late home Of Edward War
insion while her home was being re-
,aired.
haipn Rus spent the weekend with his
'arents' Ar. and Mrs. G. A. Rust.
WHY'S Phillips Of Lewes. spent Sa-ur- ,
ay and sunday with his aunt Mrs Jobn !
casey. +
Nr. ana Mrs Benjamin Chamberlain '
n'ertalned the formers sister and fam 7
y Of Carksville last week.
The Christian Endeavor Society was re-
-ganized with the following officers for v
le ensuing year: President, Mrs. Riley }
ogerS; vice president. Lawrence Mason. Il
-creisry, Myrtle Veasey; treasurer Meta
ason; corresponding secretary, Mrs. II. ir
Mirch. Of
Joseph Paynter has been spending 81
W days with his wife. IA
a Red Cross Society was organized last
luFSday afternoon. They now have Ia
'enN members and hope TO get many IN
pre-. EaeF will hold a meeting al the q
me Of Mrs. J. Houston Dodd Friday da
-ernoon and hope to have their mater
oy that time. Everybody is invited to bu
me-
Milford chronicle., 1918-03-15
MILLsBoRo.

or ana Mrs. ". J. p. White we're
Y Philadelphia few days recently ar
tending the funeral o. his sister Arrs
Nirginis Lee Strumpf. The b,5v v,,s
Drought 10 Frankford on Monday for
burial '''
On sunday. during violent nina
storm, a chimney on the home Of C;a,rgs
e Gordy caught fire. but the bl,za 49,
eNiinguished before damage Was d.
Another Ere was found in a nieco os
woodland near the dupont ho,,le,-,.,,
anu owned BY Coulter Truitt. bu, IL 49,
was gotten under control befors s,-sas go
ing far. S4'' e''u
Mrs Sallie Belts Daisey was ho,.
On short visit from Wiluineto, az
nrst Of the week.
since Howard H. Williams. so-r,a-
Z. ....N ..i'o''a4 o. this school, was called for
,'''''@'aIy service. the high school has
zen without a teacher. On Tuesday
l-'-s''a steele a West Chester graduate
- ose' tne afrairs Of the school. ana
lnlng IS progressing as usual
Is' Cara Young returned from Phil
aoe1phia on Saturday night. after bsv-
,hs spent few days in that oItv yvit,
her husband "l'h
Al the last meeting Of the oaic,.,
BOARD Of. Grace N. E Church wh,ch
vas held on Monday night. John r NJ NJ
Zee was chosen lay delegate and Eu,toh
=. Carey alternate. to the sass,o, -
" ilInington Conference, which co,,,a,,s
N lover on March goth. II vas 49,
Voted that letters be sent to he se,s,,.
ana representative Of this digtrict ~.
g tnat they give their support "a ~
referendum prohibition bill.
Milford chronicle., 1918-03-15
GLENDALE NEWS.
By @Bright Eyes.S

~ - tieSter Daniels IS on the sick list
Mr. and Ms. Leonard ClendanisJ Iii III
s,gg sys9,a. party at their hOme on saturday
daughter Elsie. All are jnI,itas '''e''
r, A shadow social win be given in U-b,,.
ces5s 1's, tnursday sn evening. March p. Pro
ess eeeos for the benefit OF the SUNDAY school tS
M Mr . .nS nfse e., attendance is desired.
Charles Ritter are the rues,s - =, l,u M MS
Mrs. Harry Jester this week ~ ana
Philadelphia. ''eu ron
Of I've. Cas'n Williams and Walter Marker
their parents. eHu with
~ t"e e, party given at the home Of Mr
'!u MS Walter Sheperd was 49, -
me Ladies' Aid gave the pastor ., o,.
town a birthday marty sa+s,-,. -I.o. " Our
Many Many attended and the pastor rscn9,',; ,.sn,;
''"ny very acceptable gifts e''su