davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-05-11
The Dollar in Foreign Exchange

Rates moved against Italy in the
local foreign exchange market, when
lire at 9.03 to the dollar cqualled the
recent low record level. Recent reports
that the Italian government was buying
lire bills in New York in an effort to
stabilize the rate are branded as with
out basis in fact in important banking
quarters. 1t is asserted that Italy has
insufficient credits to undertake such a
programme. 1t is insisted that the only
way Italy can maintain her exchange
rate here and in London would be to
obtain large credits and to curtail her
imports.
Exchange on Switzerland was strong
yesterday, with Swiss francs selling at
All to the dollar for cables, new high
record. The supply of Swiss bills is cx-
tremcly small. The same is true OF
bills drawn on Holland and the Dutch
guildcr rate set new high record Of
40 cents for cables.
Exchange on London was quoted in
the Paris market yesterday at 27 francs
25la confines.
Closing rates yesterday, compared
with a week ago. follow:
Quoted dollars to the pound.)
New-York tribune., 1918-05-11
May Advance Interest Rate

1t was reported yesterday that the
Bank for Savings may increase its in
terest rate on deposits from 31s per
cent to per cent when the trustees
meet for dividend action next month.
Fairly heavy Withdrawals by investors
in the third Liberty Loan was cited as
evidence that an advance was justified.
Should the Bank for Savings take this
step it is likely that other savings in
stitutlons now paying 312 per cent
would follow, with the likelihood that
additional government war loans lie
ahead.
New-York tribune., 1918-05-11
Coppers Lag Behind

The way the copper stocks have
failed to share in the big advance made
by the steel shares this week has been
a disappointment to those who had
hoped they would sell higher. Under
the influence of the unfavorable report
issued yesterday by the Utah company,
closing prices showed that Anaconda
and Chino were the only members of
the copper group that enjoyed rise,
and in these instances the gains we're
only fractional. The poor showing
made by Utah was partially explained
by rising costs of operation, while
higher taxes were also a contributing
factor
New-York tribune., 1918-05-11
TEXAS PACIFIC COAL AND OIL CON-
PANY

formerly Texas & Pacific Coal Company.
An increase of the capital stock from
100000 to $1,000. .G03 authorized a.
the annual meeting OF stockholders held
April 18th. 1918. and has just been ap-
proved by the Capital Issues Committee
The directors have determined to onef
the now stock pro rata TO the stockhoideis
of record at the close OF business on MAJ
18th, 1918. for subscription at par, payspx.s
500 on before June 3rd. 1918, and SVs
on or before September 30th. 1918.
Warrants Will be mailed as soon 81 pos'
sible after May 18th
EDGAR l. MARsToNi President
New-York tribune., 1918-05-11
Corporate Returns

Pierce-Arrow Motor Company.-Op
Grating profit for the quarter ended
March 21 last amounted to So 1926, ,552
After depreciation, war taxes and in
terest totaling Sl.094,685, a net
profit of $1,231,S67 was accounted for.
Preferred dividends were 100000.
The balance available for common divi
dends was S1,031,S67, which is equal
to s4.l2 per share on 100000 common
shares outstanding. Common dividends
were $312,50o. leaving surplus for
the quarter of S719,367.
Cuba Railroad.-Thc company re-
ports gross earnings for March of ST.
233,5O3, an increase of s1,OO3,396 over
the corresponding month of last
year. Operating expenses were S745.-
457, leaving net earnings of $4SS046.
Surplus for the month amounted to
$392,260. Gross earnings for the nine
months ended March 81 totalled S8,-
181,416, against $4,562,0 ,033 for the same
months Of the preceding year. Net
was $2,53O,28S, Surplus after charges
for the people amounted to S1,580,OS8.
Carolina, Clinchfield & Ohio Railway
Company.-Annual report for the year
ended December 81. 1917 shows total
operating revenue of S4.2S5,39O against
s3276,SS7 for 1915. Net operating
revenue amounted to $685.
O8O. an increase of $30O,872 over the
previous year Balance, after taxes,
totalled $1,6O8,203, compared with ST.
378.928 Gross income was $2.231, 1924
an increase of $4O6,770 over the pre-
ccding year. Surplus after charges
for the year amounted to S899,794.
Northern Ontario Light and Power
Company.-Gross earnings for the first
quarter of 1918 were $23o,212, an in
crease of $10,372 over the correspond
ing quarter of 1917. Net earnings
amounted to S171,458, compared with
year before. Surplus for the quarter
was $102,869
Seaboard Air Line Railway Company
The pamphlet report for the year ended
December 81 last shows operating rev.
enue of s30,345,146. After operating
expenses of $21,717,178 were deduced,
net operating revenue amounted to
S8,627,968, compared with 1852, $50
Taxes, etc, totalled S1,390,O87, against
$1,223 ,581 for the previous year. Other
income was 39l,375, bringing the total
income to S7,629,256, which compares
with $7,889,431 for the year before. In
interest, rents, etc., were $6,9O8,615,
against S6,499,623 for 1916. Allowing
for dividends on the per cent pre-
ferred stock, earnings were equal to So
per share on the $23,S94,10O 4 per cent
preferred stock outstanding, COM
pared with the common stock of
1916, which was equal to SLIT per
share. Surplus totalled $72O,641.
Lehigh & New England Railroad Com.
pany.-Report for the year ended De-
cember 81 last shows total operating
revenue Of $3,566,56 an increase OF
S620,235 over the previous year. Sur
plus income after charges amounted ia
$685. Balance after expenses and
taxes totalled $1,171 1868.
Colorado Power COmpany
New-York tribune., 1918-05-11
a Compulsory Loan

The New Zealand Parliament has
passed finance bill which includes a
novel clause. Persons who are able to
subscribe and don't will be compelled
to do so and will only get 8 per cent
instead of the full Az. In addition
the amount of their income tax.
There is nothing oppressive in COM
pulsory loan, if equitably assessed; but
it would surely be better to obtain the
amount by taxation.-Common Sense,
London.
New-York tribune., 1918-05-11
"A Cent-a-Gallon
So5rcerer"
Financial Editor Of The Tr;h,no

f'nanc'ai Editor of The Tribune.
Sir: | was very much interested in
your story, "Tne Amazing Tale Of a
Cent-a-Gallon Sorcerer"
About 1890 man by the name of
Enricht appeared in Chicago with
samples of artificial stone, which were
very beautiful. A number of my friends
became interested and raised $50, 900
to buy the secret of manufacturing this
stone, and to start = factory, expecting
New-York tribune., 1918-05-11
o Power Company
Large Manganese Profits

The increasing expectation of man
ganese ore from Brazil to the United
States during the last few years has
netted very great profits to certain
Brazilian manganese companies. One
company that is perhaps the largest
individual firm engaged in the manga.
nese business and under contract with
important American steel mills has
declared the following dividends dur
ing the last four years: 1914, S21O, 1000:
1915, s1.820.0oo; 1915, $2,100,000, and
1917, $1,980,000.
New-York tribune., 1918-05-11
Seaboard Net Decreases

The Seaboard Air Line Railway Com
pany reported yesterday for 1917 gross
operating revenues of s3O,345,14s. com
pared with s26,ls4,4S7 in 1916. and net
operating revenues of ss,627,9e8, com
pared with sS.652.560. The surplus of
s72o,641, after allowing for dividends
on the per cent preferred stock. was
equal to SO share on the S23,e94 100
of per cent preferred outstanding.
New-York tribune., 1918-05-11
Regular Declarations

International Cotton Mills. Quarterly
dividend Of u per cent on the preferred
stock and a dividend of per cent on the
OF record May l6
Maxwell Motor Company.-Quarteriy diyi-
dend OF 4 per cent on the first preferred
stock. payable in scrip on July / TO stock
holders Of record June IA.
Mtastssippi Valley Trust Coeapauy.--Dtv,.
dend Of - per share on stAesrspitsl etock.
New-York tribune., 1918-05-11

Bank Clearings. DAY, bank
clearings at New York and other cities
were:
Exchanges. Balances.
New York. .$640, ,9s6,502 $66,305, ,608
Boston. 61,oo6, 1o4 s,307,417
Silver.-Bar silver in London was
49hd, unchanged; New York, 99Ac,
unchanged; Mexican dollars, TIC, un-
changed.
Sub-Treasury.-The banks lost to the
Sub-Treasury yesterday $2,325,00o.
Bank Exchanges.-Ban clearings this
this week at the principal cities of the
New-York tribune., 1918-05-11
FINANCIAL MEETINGS
NOTICE OF MEETING OF srOcKHoLD.
ERS of CENTURY, RI1II4DIN(f COMPANl

NOTICE OF MEETING OF STOCKH0LD0.
PLEASE TAKE NOTICE that meeting
of the stockholders of CENTURY BUILD,
ING COMPANY, a corporation organissses
under the laws OF New York. will be neic
at the Office OF George w. Alger, NO. ::
Wall Street. Room no. in the Borough o.
Manhattan. City of New York, on tbs soIn
day of May. 1915, at 200 F. NJ, for ths
the corporation be forthwith dissolved and
to take action upon a resolution OF ~
directors. adopted at a meeting OF ,as
Board OF Directors, held the 10Th Gay
Of April, 1918. advising such dissolution
Dated, April TO- 1918
LEON MARIE,
President
DORA p FOSTER.
Secretary
New-York tribune., 1918-05-11
News Digest
Foreign

London Market Strong. = LONDON,
May 10.--Therc was a good tone to the
stock market, due to naval and mill
tary news, which encouraged demand
for investment securities. Interest in
mining shares centred in speculative
tins. Industrials were firm and active
in spots. Oils irregular. Rubber
shares were heavy, owing to the un-
satisfactory outlook for the industry
Paris Bourse.-PARIS, May 10
Trading was quiet on the Bourse to-
day. Three per cent rentes, So francs
Is centimes for cash; per cent loan,
81 francs 60 centimes.
New-York tribune., 1918-05-11
Dividends
Specials

Specials
Atlas Powder Company.-A special
Red Cross dividend of per cent on the
common stock has been declared. pay
able May 18 to stockholders of record
May 10.
Ludlow Manufacturing Associates.-
Special dividend of 81, in addition to
the regular quarterly dividend of 81
per share, both payable June to stock
holders of record May /.
New-York tribune., 1918-05-11

ANDREW ]. MCCORMACK. Aucticneer.
REGULAR AUCTION SALE.
STOCKS AND BONDS,
BY ADRIAN II. MULLER & SON.
OFFICE. 50 WILLIAM ST.
WEDNESDAY. MAY Is 1918.
at 1890 o'clock. at the
ENCHANGE SALEsRoOM.
NOS. IA and Is NESEY STREET
For Account of Executor
25 shs. Metropolitan Trust Co.
80 shs. Mortgage Bond Co.
$40 shs. Buffalo. Rochester &. Pittsburgh
Ry. common.
200 shs. Queens County Water Co.
J SO 2-3 shs. Norumbega co.
$4,000 Third Avenue r. r. lst Refdg. Mtg.
4eo Bonds 1880.
$1,000 Brooklyn Rapid Transit So Mtg.
Bonds. 1915.
$4,000 BROOKLYN Union Elevated R. R. lst
Mtg 80 Bonds. 1880
$4,000 Queens County Water Co. SO Bonds.
$4,000 Texas & Pacific Ry. lst Mtg. 81
Bonds, 1000
$4,000 n Nefdg ufg Ontario sr Rssos wssssn e, Sy
'' consId, lst Mtg. n sds 519SBoIsn Bonda ~. Il
$50 900 Ann Arbor K. r. lst Mtg. 4ss
For Account of Trustee.
~ shs. Columbian Insurance Co.
so keokuk & Hamilton Bridge CO.
80 shs. knickerbocker Anthracite Coal
10 shs. National Arms Co of Brooklyn.
500 shs. New England Petroleum Co
35 shs. y. y. & Amador Silver Min.
ing Co.
$50 shs. The Widow McClintock OIL Co.
25 shs. United States Metal Products
Co. prefd.
For Account of Whom It May Concern
shs American Light & Traction Co.
common.
2o shs. McCrory Stores Corpn. prefd.
30 shs. National Bank of Cuba.
20 shs Western Maryland Rwy. Co.
LIST profd.
shs. Brunswick Balke- collender Ce
prefd.
so shs, South Bethlehem Brewing Co.
nrefl.
New-York tribune., 1918-05-11
Current

The above rates express the cost Of
foreign money in terms of the Amerl-
can dollar. You buy an English pound
sterling at say. s4.752s. The intrinsic
parity is $4.S69s 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., 1918-05-11
payable July / to stockholders d -
June So

June SO. -
Royal Dutch Petroleum Conpauy ~
dend of l6 per cent will be p.io 8
Equitable Trust Company on ~. . .i
stockholders of record May Il InS
to S2.40 for each American share
Royal Mail Eteamship Compsrys--Anv
of per cent for the year 1917
Snversmiths Conpany.-Quarssrv Nv
dends OF 2 per cent on the cosnnon - -.
per cent on the preferred stock. oosn
BILE May Is to stockholders OF record ~ 5
United Cigar Stores Company suls.v,sd
dividend Of ia. per cent on the rrefezs.S
payable June is to stockholders Oh s''
May 81.
American rhrsAa Csmpany.--..eru,srssss.. rurss.r,.S
dividend of 2is per cent on the
stock. payable June l.
f:.r,sr,i Cie.r cnsp.ny.-ousxozH o.
dend Of S1.T6 Per share On the
stock. payable Juns ! -
xennra- &Av-9A
New-York tribune., 1918-05-11
Another Steel Rumor

A running mate for the Baldwin
Midvale-du Pont story yesterday was
a report that the United States Steel
Corporation had bought and paid for
the Crucible Steel Company more
than two years ago"
New-York tribune., 1918-05-11

country amounted to s5,515,237,SS7, an
increase of 90 per cent compared with
year ago, according to r. G.. Dun &
co. In many cities new high record
clearings were reported.
London Money Market. - LONDON,
May 10.-Money was in better demand
at 2's per cent. Discounts were
steadier. Short bills. 31a per cent;
three month bills. 1916 per cent Gold
premiums at Lisbon, 1870.
New-York tribune., 1918-05-11
Stock and Bond Averages
Stocks
Relevant Comment
Du Points Buying Baldwin:

Unconfrmcd reports that the du
Pont interests have been accumulatng
Baldwin Locomotive stock through
open market purchases for the purpose
Of bringing about a merger of the Mid
vale Steel and Ordnance Company and
the Baldwin were held responsible in
the street yesterday for the strength
displayed by the shares of those cor
porations. Baldwin rose to 871s n
new high record for the year, and
closed . points up at 85A, with a
turnover of $4,000 shares. Midvale was
more modest and registered net gain
of only onchalf point on dealings Of
10000 shares. The reports in circu-
lation were not much more than new
versions of a story oft repeated in the
financial district in recent months that
the du Points were buying control of
the Baldwin Locomotive property.
Those who took stock in the new
rumors pointed out that the Baldwin
and Midvale companies have been
brought into close relationship through
the tranaction whereby the Eddystone
Munition Company's buildings are now
under lease by the Midvale corporation
from the Baldwin company. A royalty
of 81 is being paid, it is asserted, to
the Baldwin on each rifle made at the
Eddystone plant by the Midvalc.
New-York tribune., 1918-05-11
Philippine Commerce

Foreign commerce of the Philippine
Islands is steadily expanding. A COM
pilation made by the National Bank
of Commerce shows that the total i'm
ports into the islands in 1917 amounted
to S65,796,826, the largest on record,
and an increase of $20,U00,000 over the
1915 total. The cotton trade reached
remarkably high values, while iron and
steel made a large gain. The export
trade in 1917 totalled value of $685.
654, ,307, an increase of $26,0OO,0O0 over
the 1916 figures. Of this increase $780,
100000 was in the single item of
Manila hemp, which dominated the ISL
ands' export trade as never before, and
represented practically half Of the
total for the year. High prices stimu-
lated production, and the quantity ex-
ported increased from $4,000 long
tons in 1916 to $4,000 in 1917. Ship
ments to the United States amounted
to $4,000 tons. Exports OF cocoanut
oil almost trebled in quantity Ex-
ports of sugar amounted to 2O3, 900
long tons
New-York tribune., 1918-05-11
Elections

R. A. Fairborn has been elected q
director of the Central Foundry Com
pany to succeed August Heckscher. re.
signed.
New-York tribune., 1918-05-11
THE NEW YORK AND HARLEM
RAILROAD COMPANY.

New York, N. Y, April 20. lsIE
NOTICE is HEREBY GIVEN that ~ tns
Eighty eighth Annual Meeting OF 70
Stockholders OF The New York and hsts
lem Railroad Company. for she election 3
Directors and the transaction OK .s.s suss
other business as may be brought oel@s
the meeting. will be held at the once y
the company. in Grand Central Terminss.
in the City OF New York. on TUESDAY w
21st day OF May. 1918.
The Poll will be open at II O'CLOCK sA 49,.
and continue open for two hours In's'
after
The Transfer Books Will be closed y ~
o'clock p. NJ. on Wednesday, tho iH 49, ~
OF May, 1918, and re-opened on the w ~,
ing Of Wednesday, the 22nd DAY VI ~'
DWIGHT ". PARpEE. secstasy.
New-York tribune., 1918-05-11
Money and Credit

Call money ruled at pei cent at the
Stock Exchange yesterday, although
toward the close of the market, when
the bulk of the demand had been salts
fed, the rate declined to per cent
The turnover of funds was fairly
large.
The market for fixed date funds con-
tinued quiet, with very little business
being done. Borrowers are bidding 6
per cent for all maturities, but the
banks are restricting their offerings.
Ruling rates for money yesterday,
compared with year ago, were as fol
lows:
Yesterday. Year agc.
Per cent. Per cent
Oal money .......... "a
Time money (mixed collateraD:
Sixty days. 6 434@5
Ninety days. ........ 6 434@5
Four months. 6 1905
Five to six months. 434@5
for four to six months paper was re-
ported yesterday at per cent.
Bank Acceptances.-Ther was mod
crate increase IN activity, but rates
were unchanged, as follows:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent. Per cent. Per cent
E g b e
m m Der
banks. .4A@4 AIl@4lA 4h@4a
E igi ID e
non men,
Der banks.4I4@4Is 43a@4M 4h h@4rs
Ineligible
bank bills.51 @4s4 sM@4s4 5A@4M
For delivery within thirty days:
Per cent.
Eligible member banks ...... AZ
Eligible non-member banks. 80. 45a
Ineligible bank bills. 6
Discount Rates.-The following table
gives the current rates of the twelve
Federal Reserve banks on commercial
paper on all periods I'D to ninety days:
-------- Maturity -0
Within Is days, 16 81
including men, to to
New-York tribune., 1918-05-11
Market Barometers
Stock Exchange transactions

Stocks
Rail Other All
roads. stocks. stocks.
Yesterday. 163, 600 1881, 100 1,244,700
Day before. 166.200 $4,000 1,104,8o0
Week ago. 26,7OO 312,700 339,400
Year ago. 64,100 357, 400 421,500
January I to date:
1918. ID. 5,628,5OO 40,468, 100 46,096, 500
1917. :. .8,012,7OO 60,486, 100 68,498,800
1915. 8, 8,184,3OO 56,O39,5OO 64,222, 300
Bonds
Day Year
Yesterday. before. before.
Gov'nts. $a,032. GOO $1,467 900 -----
Rails. -. 556OC0 1000 1901 900
Others. 100000 100000 1,405,0o0
All bonds 10. 10000 4,O54,0O0 2,206,000
January to date:
1913. 1917.
Governments .$3o5, 100000 $235,0oo
Railroads 49,. 62, $4,000 135,47t 900
Others. 121,803,000 2,551 900
All bonds. 80. 493, 1911 900 411,727,ooo
New-York tribune., 1918-05-11

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., 1918-05-11

The New York Central Railroad ~
New York. May 10. isaes a
For the purpose OF "a Special Nee',-ss ,s--ss,ck
the Stockholders of this Company, ffh
will be held at Albany. y. y. june e,,ss1 80
1918. the stock transfer books wiz Ds - -
at 3 p. M.. May 18th, 1918, and VIZ
opened at 10 A M. June 9th, ls.e.
BY order of the Board OF birecto
EDWARD L. ROSSTTER. Treasu
New-York tribune., 1918-05-11

Discount Rates.-The following table
gives the current rates of the twelve
Federal Reserve banks on CONNIE rcial
paper on all periods up to ninety days:
New-York tribune., 1918-05-11

A Wall Street person who lives
gorgeously on as little as one-eighth
of l per cent was complaining bit
terly. Prices, he said, were outrage
ous-not stock prices, for he was
hullish, but commodity prices.
Why he exclaimed, "the cost of
living has gotten so high that it
takes all one can make to live: The
grocery bill is double what it used to
De. So also the butchers bill, and
the bills of all the other tradesmen.
1T costs more even to get to and from
work. Last month my taxi bill was
more than $160, twice as much as I
mad to pay a year or two ago!" It
would be interesting to know lust
how much of the complaint against
the high cost Of living is comparable
with that of the broker. James J.
hiil was right when he said the trou-
Bile lay almost as much in the cost
Of high living as the high cost Of
living.
Lincoln County times. (Jerome, Idaho) 1911-1919, 1918-04-18
HEALTH OF TROOPS GOOD
AT CANTONMENT CAMPS
Report to Surgeon General Shows
Health Conditions Good i'm
Army Camps

The health of troops in the United
States continues very good, accord
ing to recent report to the Surgeon
General of the Army by the Division
of Field sanitation. Admission. nom
effective and death rates are some
what higher than last report, due
chiefly to prevalence of influenza and
bronchitis with complicationg pneu-
monia, in many of our northern
camps.
National Guard camps. as group,
continue very remarkably low rates.
Very few cases of measles and men,
ingitis have occurred
National Army camps continue tc
have high sick rates as compared
with camps of other groups, though
the rates are lower than last report
Scattering cases of measles are re
portd from all camps
Lincoln County times. (Jerome, Idaho) 1911-1919, 1918-04-18
MILNER DAM HEAVILY
GUARDED THIS SUMMER
any Kind or Kodaks Are Pro-
hibited in that Region

An extra force of guards has been
placed on the Miner dam and vicin-
ity to scrutinize carefully aN persons
who wander in that direction. The
rules are more stringent than ever,
and lettering is absolutely prohibit
ed
Prominent notices have been post
ed at various places approaching the
dam, which contain the following in
junction anod admonition:
Don't loiter around here 1t is ex-
tremely dangerous to do SO. as the
guard may become suspicious of you
and treat you as an enemy of the
government. If you are loyal to the
government you will obey this no
tice. for this is war measure taken
for your own protection. So don't
argue; it won't do you any good"
Lincoln County times. (Jerome, Idaho) 1911-1919, 1918-04-18
Nearly Bleeds to Death

Raymond Hall. bachelor farmer
residing near Tuttle, would have bled
to death one night last week had it
not been for the timely appearance
of Dr. Lamb, who happened to be
passing his place about IL p. m. Hall
was washing some clothes with a
glass washboard. when the wash
board broke and the glass gashed his
wrist. severing an artery. He man
aged to put a compress around his
arm and thus reduced the loss of
blood. but when the doctor came
along he had just sufficient strength
to stand in the road and wave a sig
nal and then tainted away. He was
brought TO Gooding and is now slow
ly recovering his rength.-Goodins
Leader.
Lincoln County times. (Jerome, Idaho) 1911-1919, 1918-04-18
: Is OFFERED
TO THE GOVERNMENT
Desirable Stock at Boston May
lie Used for Military
Purposes

J government may take over all
pot wool In the east for mill
purposes. The Boston dealers
Offered all their stock and
hg its acceptance trading has
j. The following telegram was
I'D from Boston:
\ request of General Goethals
pol trade of Boston has unani-
4 agreed to offer all woods they
5 the government on the basis
lays prices. and to stop all
I till details are arranged and
zion given as % what lots the
ment wants. They also agree
no woods on the sheeps'
latter part OF the telegram is
1icular interest to wool grow
this section. as II means the
the present. of efforts to con-
tor the 1918 clip. Gradually
Sernment appears to be taking
EE1o control the distribution OF
e. this country, and in the opin-
soome dealers II Is only ques-
time before there is Federai
z5rice Oh the commodity.