davidaulloa/AmericanStories huggingface dataset:
The Nashville globe. [volume] (Nashville, Tenn.) 1906-193?, 1918-04-19
nEAUTY
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Black and White Ointment-Removes
Freckles, Tan; Heals PimpIes,
Risings, Sun Burn.
BIeaches. Dark or SalloW Skin,
Making 1t Soft, Fair Bright.
BY Mail, rs Cents.

BY Mail, rs Cents.
Black and White Ointment (for
white or colored folks) easily
bleaches dark, sallow or blotchy skin,
clearing your skin of all risings,
bumps, pimples, blackheads, wrinkles,
tan or freckles'-giving you clear,
soft, fair, light, bright complexiont
quickly stops and heals sun burn.
Black and White Ointment is exqui-
site, soft, but not sticky and is SUI.
perior to all other skin preparations
It heals as well as beaches. SolT
on a money-back guarantee, only
Csc (stamps or. COIN sent by mail.
or if you send 81 for four boxes of
Black and White Ointment, Csc
cake of Black and White Soap in
cluded free. Address Plough Chemi-
cal Co., Dept, NJ, Memphis, Tenn.
Agents Make an Easy Living.
representing us. Write for special
deal. Black and White Ointment
sold everywhere.
The Nashville globe. [volume] (Nashville, Tenn.) 1906-193?, 1918-04-19

The Alternatives are scared and
'ae Negatives are frightened for the
coming High School Debate.
The Nashville globe. [volume] (Nashville, Tenn.) 1906-193?, 1918-04-19

Mrs. Cora Douglass of East Nash
vile was the guest Of Mr.. and Mrs.
Lewis Davis Sunday, April IA. 1918,
at As Robinson street.
The Nashville globe. [volume] (Nashville, Tenn.) 1906-193?, 1918-04-19

Miss H. Parthenia Page, who has
been very sick, is slowly convalesc-
ing.
The Nashville globe. [volume] (Nashville, Tenn.) 1906-193?, 1918-04-19

Miss Matte Moore has the goods
for the debate.
The Nashville globe. [volume] (Nashville, Tenn.) 1906-193?, 1918-04-19

Hear Miss Mabel MeGavoek in
Pearl Debate.
The Nashville globe. [volume] (Nashville, Tenn.) 1906-193?, 1918-04-19

The best Debate in Pearl High
history.
The Nashville globe. [volume] (Nashville, Tenn.) 1906-193?, 1918-04-19

Miss Tiny cIendenins will surprise
the audience.
The Nashville globe. [volume] (Nashville, Tenn.) 1906-193?, 1918-04-19

Which side are you on. the Cherry
or the White.
The Nashville globe. [volume] (Nashville, Tenn.) 1906-193?, 1918-04-19

Frank Jones debates like Fisk
boy.
The Nashville globe. [volume] (Nashville, Tenn.) 1906-193?, 1918-04-19

James Hall debates like an orator
of experience.
The Nashville globe. [volume] (Nashville, Tenn.) 1906-193?, 1918-04-19

Don't miss the Pearl High Debate.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-16

Stock and bond brokers will con-
template the record Of their 1915
affluence, rs disclosed in the income
tax returns, with feelings akin to
those Of a prodigal musing over
the days of bygone prosperity. For
1916 was the banner year in Wall
Street, year In which one-eighth
Of per cent, multiplied more
times than ever before in Stock
Exchange history. brought fat living
to those who shared the proceeds.
In 1916 transactions per broker on
the Stock Exchange appropriated
2O7. 900 shares; in 1917 they we're
only 165,000 shares, and unless
there should be an unexpected in
crease in the volume of trading
they will fall short of 10000
shares this year. 1t is thin fare.
Bond brokers on the Stock Ex-
change may do better, owing to
relatively large dealings in the
Liberty issues. But other bond
brokers are even worse off than
stock brokers. One outside bond
house boosted recently that it was
doing as much as IL per cent. of
a normal volume of business.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-16
Domestic Dyes Not Guaranteed

Financial Editor of The Tribune.
Sir: l have read with considerable
interest the remarks of the editor of
"The American Wool and Cotton Re-
porter" recently printed in The Trib-
une.
note his objection TO the practice in
retail establishments of stating to con-
sumers that fabric colors cannot be
guaranteed" This store is ono Of those
retail establishments.
But for the benefit Of "The Ameri-
can Wool and Cotton Reporter" let
me say that have on my desk an in
voice Of coat 1t is Of coat that
is supposed to be of good quality. 1t
is made by one Of the best and most
favorably known makers of women's
wear in America.
1t is stamped: ION account Of the
dye situation me mills will not guar
antee colors, and neither can we, nor
should you" Does THE American
Wool and Cotton Reporter" ask the
retail establish ents to go behind the
mill and behind 3hc manufacturer and
assume Iuo resp ouelulIIIy VI guar dA-
teeing colors--alse why is the fault
placed at the door of the retailer?
Or read this on the invoice of a rep
resentative mid-Western hat manufact-
urer:
lowing to the unprecedented condi-
tions existing in the hat manufacturing
industry, the dyestutfs which are being
used by the manufacturers are the
very best obtainable, but the colors
cannot be guaranteed"
Does that look like the retailer
should be made the goat for this be-
lief in regard to dyes?
suggest that "The American Wool
and Cotton Reporter" do a little mis-
sionary work in the manufacturers
field.
Every retailer is willing to pass on
to the consumer any guarantee that he
receives from q reputable manufact-
urer. And the reputable retailer is
combining his purchases to the repu-
table jobber and manufacturer.
II. LESLIE WILDEY.
Graetsinger, Iowa, June 8. 1918.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-16
Stock and Bond Averages
STOCKS
Wool Supply for
Army May Be Short

BOSTON, June 15.-The editor Of
"The American Wool and Cotton Re-
porter" in review Of the woollen situa-
ton for The Tribune, to-day said:
Something which concerns the whole
country is the matter of the supply of
wool. This is causing considerable
anxiety not only to mill men, who un-
derstand the situation, but also to
others. There is large indicated sup
ply. but this is not good basis for
believing that this supply will be suf-
icient for all, or even enough to meet
the army demand. There is much un-
certainty as to how much of the new
clip will become available. There arr
reports that many growers are dissat-
lsf1ed with prices that have been fixed,
and that, even if the whole supply be-
comes available eventually, it will take
more time than usual to obtain it,
which will tend to upset the situation
somewhat.
Upon the imports of wool for the
rest of the year 1918 the situation
largely depends. 1t can scarcely be ex-
pected that manufacturers will wish to
end the year with no surplus for future
operation. 1t seems almost impossible
to indicate what supply of wool can be
mad for ordinary cloth production un-
til census of the wool supply is taken.
When the quantity is definitely known,
together with all of the detailed quail
ties, it will be easier to indicate what
fabrics can be made. and what the sup
ply OF wool can be for ordinary dis
tribution. The spirit of conservation
is working down to buyers and it can
safely be said that cloth is not going
to be distributed in large quantities Il
there IS little prospect Of any further
supply being obtained. A wholesale
clothing house in New York has sent
out g booklet to retail clothiers con-
tanning articles on the situation and
also letters from mills and mill repre-.
sentatives. stating that they cannot
produce for the civilian trade the
amount of goods desired This whole
sale house urges that clothiers take
concerted action through the War In
dustries Board and then through the
obtaining wool from Australia if pos
sible."
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-16
SAVINGS BANKS

income of 81 .041 ,601 was accounted for.
Preferred dividends paid during this
period totalled s7200O0, compared with
s645,862 for tie year before. Common
dividends amounted to S3s59Ss, leaving
a deficit for the year Of Se4,385. against
a surplus of S238,594 for the previous
year. Gross earnings for the SUBJ
sidiary companies for the same period
were sf2157.121, which compare with
S9,620.216 for the fiscal year ended
1917. Expenses and taxes amounted to
ss.562.6s9, against s6.323 400 for the
wear previous. After rentals of $780,
909. balance was 1881 522. to which
accrued interest OF s76.574 was added,
bringing the total income to s3.44S.096,
compared with S3.090,876 for the pre-
ceding year. Dividends amounted to
S1.792 356. leavin~ surplus for the
fiscal year of s1.265.769.
Cuba Railroad Company.-Gross earn
ings for April totalled S1,214.240, COM
pared with s520.5S4 for the correspond
ing month Of last year. Net earnings
were S494.106, against s201,547 for
April of the previous year. Surplus
after charges for the month amounted
to S390,097 Gross earnings for the
ten months ended April 80 last were
S9395,65S. which compare with $685.
sls for the same months of 1877. Net
was s3,O24.395. compared with sl,403.-
s45 for the corresponding period Of
the preceding year. Surr'us for the
ten months was S1,9T91S5. against
S495.785 for the same months of the
previous year, an increase of s47s.40
Mountain States Telephone and Tel.
egraph Company.-The annual state
ment for the calendar year 1917 dis
closes gross earnings of sl0352.652.
Operating income tota'led s2.623,0S3.
Gross income amounted to. S2.732,602
and surplus, after rents, dividends,
ETC., was $4,000.
Ventura Consolidated Oil Fields
Report for the year ended December
81, 1917, for the company and sub
salaries shows revenue Of s66s,6s&,
compared with S44s.951 for the pre-
vious year. Expenditures were $685.
719, leaving gross profit for the year
of $465.365, which compares with $685.
500 for the preceding year. Other in
come was S44S,219, against s294,13l for
the year previous. Total income was
$910.a12. from which general expenses
of sl50,313 were deducted. Net profit
amounted to 1921 $50. compared with
S3l1 .636 for the year before Surplus
Tor the period totailed s29S.S82.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-16
Corporate Returns
Canada Steamship Lines. Ltd.-Tbs

Canada Steamship Lines. Ltd.-The
annual report for the year ended De-
cember 81, 1917. shows gross earnings
Of $13, 533,816, from which expenses Of
$9,509,952 were deducted. leaving net
earnings of S4,023,9 1854, which compare
With 81 o59,545 for the preceding year.
After interest, depreciation, ETC.. of
$l,545,463 and war taxes of $30O,oOO.
surplus amounted to s2,178.401, aga INST
$2,391,027 for the year before. Pre-
ferred dividends paid during the year
totalled $875,OOO, compared with $685.
$50 for 1916. Balance for the year was
$1,303, 401. against 81, 734.77S for the
previous year. decrease of $431,377.
Jones Brothers Tea Company.-Sales
for May amounted to 1,166, POT, an in
crease of $142,013 over the correspond
ing period of last year. Sales for the
first five months Of 1918 were $5,427,-
900, compared with $4,544,2S3 for the
same months of 1917.
Middle West Utilities.-The company
reports total income for the fiscal year
ended April 80 last of s1,955.2IO.
against $1,824,069 for the preceding
fiscal year. After expenses, taxes, etc.
of $238,236 and interest of $675,372. net
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-16
Shipbuilding Profits Larger

The net income of the New York
Shlpbuilding Company for 1917
amounted to ss6s,sl5 and the profit
and loss surplus was $l,791.449, com
pared with $38,350 on December Al.
1915, according to the annual report is.
sued yesterday. No provision for Fed.
eral taxes was contained in the state.
ment.
Marvin A. Neeland. president. briefly
reviewed the work at the Camden
yards in connection with government
contracts and said that the cost nins
Zee contracts had permitted a better
utilization Of the capacity of the plant
BILE. R''ei-
Four additional ways, capable Of
building 1,000-foot merchants vssssIs
he said, have been practically com.
plotted, $1,400,0o0 has been spent on
extensions to shops and WAYS. and
stlll greater expansions are planned.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-16

Sentiment was formerly potent in
fuence in exchange rates. but latterly
those who have to do with exchange
! have become skeptical. Cold facts are
necessary as factors in the market
now. The fact that Sir Thomas
White had got permission in Washing
ton to float loan on the open market
in the United States will evidently
not influence the exchange situation
until the loan itself becomes an &C.
complished fact.
under wav which will ultimately have
marked affect on exchange between
Canada and the United States. One Of
these is the placing of large war or
ders in Canada by the United States.
The volume of these has rapidly
mounted in the last two months. When
these contracts are delivered the
monetary returns from them will
create a demand for Canadian funds in
New York that should effectively lower
the premium on New York funds
One Of the prevailing influences on
the exchange situation is the amount
OF Canadian funds held by United
States interests in Canadian banks.
These funds are largely an accumula-
ton OF money from branches of United
States manufacturing concerns operat-
Ing in the country. Whenever the
premium on New York funds declines
process Of transfer of Canadian
money into United States money sets
in, and the result is stiffening Of
New York funds.
Change Expected in Fall
Fundamental financial conditions in
Canada remain secure. The Ottawa
government has gold coin and specie
In reserve of s121 100000 against it's
totes in circulation in Canada. which
amount to $76,6Oo.o0o. Since crop
conditions in the Canadian West were
reported rs unfavorable, conditions
have entirely changed. and farmers Of
the West. with their Is to 20 per cent
Increase in acreage Of wheat. are now
duction of 1915, when the wheat yield
Of all Canada was 100000 bushels
With the price of No. l Northern
wheat fixed at 1921 a bushel, q good
crop will represent an enormous asset
to Canada. Bradstreet's trade review
OF Canada this week end shows that
throughout the country wholesale and
retail trade is we'll in advance of q
year ago, when the volume Of bust
ness was liberal. The large loan cor
porations report that Western farmers
on large scale. Old mortgages are
being rapidly paid off. Up-to-date ma
chinery has been and is being installed
throughout the country and high CLASS
livestock herds are being established,
with view to developing mixed farm
ing. Manufacturing is at capacity in
practically all branches. The people
Of Canada are spending freely, yet are
able to save, as is indicated by the I'M
precedented savings deposits in all
Canadian banks.
The rate of exchange may remain
rather severely against Canada for
time, but indications are strong that
the situation will materially improve
In the autumn.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-16
Control of Gold
Shipments Will Aid
Canada Exchange
u. S. War Orders in the
Dominion May Also
Change Rate
Especial Correspondence of The Tribuns)
TORONTO, June 16.-The premium

Especial Correspondence of The Tribuns)
TORONTO. Juno 15.-The premium
on New York funds over Canadian
funds is returning toward the 2 per
cent mark. Recently a recession had
occurred from per cent premium
on the dollar to per cent. The
normal rate of exchange between the
two countries in past years showed
small fraction in favor of New
York funds with a reversal to q
moderate premium on Canadian funds
when the Canadian crops were being
moved out Of the country in the late
autumn. This movement affected New
York funds, because settlements were
made in New York by Great Britain.
to which consumer the grain has been
consigned. The upward movement Of
New York funds has created. some
surprise, in view of recent efforts on
the part of Canadian authorities to
correct the exchange situation.
In ordinary times the shipment of
100000 in gold from Canada to the
United States within fortnight
would have helped to correct exchange.
The consignment Of that amount re-
Gently, however, appeared ineffective.
This is because the nations are dealing
in terms of hundreds of millions now
instead Of millions. 1t was thought in
some circles that the restrictions on
imports of luxuries and other nom
essentials into Canada, as recently
enacted by an Order in Council at
Ottawa would have an effect in right
ing exchange, because the heavy ex
States over exports to the United
States has been largely responsible
for the adverse exchange rate.
Further, the prohibition Of exports of
gold and silver bars, bullion or coin
without a special license from Ottawa
was authorized in order to help correct
exchange. Heretofore, gold has been
leaking out of the Canada to other
countries than the United States
through private sources. The pro-
hibition will have the effect Of
strengthening Canada's gold resources.
1t will not involve a cessation of ship.
enable the Ottawa government to
direct any exports of gold. AS mat
ter of fact, the United States is IN
likely to be the only country to which
gold will be shipped in the future, and
it is not improbable that larger con-
signments than hitherto will be for
warded.
Restrictions Will Help
In time it is inevitable that the
control of god shipments will help
Canadian exchange in New York. 1t
is estimated in Ottawa that an annual
saving of S10,000,000 to SIS 100000
will be made as result of the fore
going import restrictions. Hence, in
time the restriction will be a factor
in correcting exchange on New York.
The restrictions include among other
things, automobiles costing above
81 200 f. o. b. various fruits and vege
tables, of which Canada imports large
quantities. and certain drug products.
Some idea of the manner in which
Canada's imports have increased since
1918 (the bulk of imports latterly has
tome from the United States) is indi-
lated in the following table:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-16
New Bank Notes Soon Ready

, The new small denomination Fedora,
Keserve bank notes that are to sun
pant the silver certificates now be-
ing Withdrawn from circulation are
early next month. Orders have haen
placed for printing 100000, 900 of the
reserve bank notes of 81 ,denominat;on
and $bo,000,O00 Of 81 denomination
The designs for the new notes wers
approved recently. The new notes
VIII be allotted to the several Federal
Reserve banks upon pro rata bas;s
previously determined, with RESPECT
20 the printing Of notes of IS denomi.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-16
The Dollar in Foreign Exchange

Arrangements recently completed for
the sterilization of Italian exchange,
which for several months had displayed
pronounced weakness, began to bring
results last week in the form Of sub
stantial improvement In the quoted
rates for Italian lire bills in this
market. Previous to- making effective
the new plan lire touched a low record
level of GIT. Last week they rallied to
500 and closed strong.
The Federal Reserve Board has
played an important part in bringing
about the improved position Of Italian
exchange. That body has enjoined
banks from making sales Of lire ex-
change to or purchases from foreign
ers. which Is tending to force the
market for Italian bills into the hands
Of the National Exchange Institute of
Italy, an agency created by the Italian
government for the express purpose Of
stabilizing italian currency In foreign
markets. At the present time the In
stitute has representative here who
is conducting all dealings with bankers
on it's behalf.
1t is understood that temporary
credits have been made to Italy by the
United States government, with the re-
suit that the supply Of lire bills has
decreased substantially in the past
week. Falling off in the available sup
ply Of Italian exchange has been, as
matter Of fact, the principal factor in
bringing about the Improvement in the
rate.
Importation Of $15.ooo.ooo Of gold
from Ottawa, Canada, last week from
the Bank of England's special deposit
DRY suggested the possibility Of
large movement of the metal in this
direction on British government &C
count. 1t developed, however, that this
was a special transaction and had
nothing to do with exchange.
Much interest was manifested in ex-
change circles at the announcement
from Washington that arrangements
have been completed for the stabiiza-
ton of the dollar in the South Amer
ican markets. Details of the plan
adopted have been withheld by Secre-
tary of the Treasury McAdoo on the
ground that publication would give aid
and comfort to the enemy. That steps
have been taken to stabilize the ex-
change value of the dollar is par
ticularly important to firms doing
business with Chile, the discount on
the American dollar in that market
having gone to As per cent.
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 COM
pared with a year ago, would be about
as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-16
Money and Credit

The Clearing House statement is
sued yesterday showed a number Of
large changes due to the shifting Of
funds incidental to the payment of the
Federal taxes. Loans and discounts Of
the banks increased $1O3,0oo,00o, while
net demand deposits increased $83,000,-
900. United States government de-
posits increased approximately 45,O00,-
900.
The Federal Reserve Bank statement
disclosed an increase Of approximately
Soo,oooo,oOo in the gold settlement fund.
Gold carried with foreign agencies de-
creased more than $5,oOo,0oO, as a re-
suit Of last weeks gold imports from
Canada.
The actual condition Of member
banks shown by the Clearing House
statement yeste rday follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-16
Republic Steel Moves Tn

Republic Iron and Steel shares moved
up on active buying yesterday from
STA to e0h, with the closing trans
action at 80, net gain Of 2N points.
1t was reported that a new pool was
formed in the stock on Friday. In this
connection publicity was given the cur
rent financial condition of the com
pany, the statement being made that
at the close of 1917 current asset.
totalled s2s,100,0o0, exclusive Of prop
erty account, which was estimated at
$40, 767 900.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-16
ssemi-snnual dividends due on tho nre.
1erred stocks at this time. This action
was deferred last week. ''Ss'o"
Senator Owen Still Behind Rill

>, Hearings are still being held before
me Banking and Currency COMMITTEES
E o. sne Senate; at Washington. on the
t HSen 81. pr; which would proxide for
change bank controlled bv the I1n;ts ~
States government. Senator Owen hes
1een pushing the bill for MANY month tt q
despite opposition from members "a ~ :
the Federal Reserve Board and iead-
ing bankers, who insist that such an
IN is not needed. So far ohlv
me advocateS Of the bill have Appeared
petore the Senate committee, so that
out one side Of the question has besn
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-16
Armour Debentures All Sold

Word reached the financial district
from Chicago yesterday that the $780,
100000 convertible 6 per cent debens-
ures Of Armour & Co., which were
offered to the public on Friday. had
I'LL been sold. It was stated that The
subscription books were closed at 10
O'clock yesterday morning and that
many requests for subscriptions had
been refused. The bonds mature in
series Of $1o,000,00O each between 1918
and 1924, to yield on an average of
about 71S nor cant
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-16

The government during the coming
week. it was reported yesterday, will
advance to the Chicago, Rock Island 4
Pacific Railway 90 per cent Of its al
lotted compensation, based on the av-
erage net earnings for the three years
ended June 80 last. According to esti-
mates the amount will figure out to
be about $13,950,000. If the expected
happens directors will probably meet
shortly thereafter and declare the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-16
Relevant Comment
Offering Of Utility Bonds

A campaign to sell publicity issues
Of a long-term character will be
launched by the National City Com
pany this week in an Offering Of ST.
100000 6 per cent bonds Of the San
Joaquin Light and Power Company.
The bonds. which do not mature until
August /, 1850. will be offered at IS
to yield about 6% per cent. The com
pany serves q population Of some
$4,000 people in the San Joaquin Val
ley Of California.