davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-10-17

Butter, Cheese and Eggs
BUTTER.-Receints resterdan

BUTTER.-Receipts yesterday. S.76a
pigs. Creamery, higher than extras,
lb., eO12M. Gle; extras, 90 score. 60c
trsts, IS to 81 score, 81 L a 5912c; sec
onds, SO to 81 score, 81 L q SIC; thirds.
5o9 54c; unsalted higher than extras,
o2ln, 81 &c; extras. s1a 81 re; firsts
SO z "a sole; seconds, 500 5Sc; State
dairy tubs. finest. $50 591sc: good to
prime, $50 SIC; common to fair, 47Ic
54c; renovated. extras. SLIGO SIC:
firsts, 49G SOC; lower grades, 43M4sc:
imitation creamery, tirsts, 45046c;
ladies'. current make, frsts, II lzfd42c:
seconds, 4oc; lower grades, $50 SO 12c:
packing stock, current make, Nc. / -.
4o@ 4o12c; No. 2, 39lsc; lower grades,
sea 39c
Cheese. Receipts yesterday. 4.49e
boxes. State, whole milk. fresh fats,
specials, colored, lb. $50 3S12c; white,
S3@o5 &c; average run, colored, So izr.
white, 32@3215c; lowe~ grades, 29.d
S2c; twins, specials, $50 331zc; average
run, S2hc; flats, held, specials, soid
SIC; average run, 29o. Sic; twins, held.
specials, 3oG3 SIC; average run, 2eG
s!S; 3 Wisconsin, ", whole milk, twins
held, 31a.32c; single daisies, fresh,
35c; Young Americas, held, S0: :@32c;
state skins. specials, 241s a 251sc:
prime to choice, 23(d 24c; fair to good
2o@22c; lower grades, sG1sc.
Eggs. Receipts yesterday were 9,s52
packages. Fresh gathered extras, per
dozen, 57@5Sc; extra frsts. 54@ sos.
firsts,. 52@ 53c; seconds, 49d sic; poor
to fair, 42@48c; dirties. No 1, 45to
46c; No. 2, and poorer, 4oGl44c; checks.
good to choice. dry, 40@42c; undal
grades, 3oG3ec; refrigerator. snecjsl
marks. fancy. charges paid, 45646Lsc:
seconds, charges paid. 42.@44c.
under grades. 5000; state, Pennsvl,
vaia and nearby Western hennerv.
whites, fine to fancy, $40. S5c: ord
nary to prime, 650s0c; gathered
whites, ordinary to fine. e2d s2e:
pacihc Coast whites. frsts to finest.
nc; Western and Southern gathered.
whltes' 62(o,77c; state, Pennsylvania
ana hearoy hennery, browns, 601d 63c
gathered brown and mixed color-
5OO)SSc.
New-York tribune., 1918-10-17
In d u s trial
Cotton

he cotton market was irregular yes
terday, with business restricted by the
disposition to wait for war and political
developments. Under these conditions
comparatively small orders were suf-
ticient to swing prices one way or the
other, and after selling at 3O.10 early
December advanced to 31~51, closing at
steady, bu. net unchanged to % points
lower.
The market was weak during the
early trading under scattering liquida
ton, Liverpool and Southern selling.
by reports Of continued favorable
weather in the South and belief that
the crop is still making. On the de-.
cline. however, trade buying appeared
accompanied by reports that spinners
had buying orders around the ring to
fix prices in the neighborhood Of 80
cents for December. This was con-
nected with the fact that 30 cents is the
raw material value used as basis in
t'zing the cotton goods prices now pre-
valling. and there were also reports
that Southern spot holders we're show
ing disposition to sell less freely
The market frmed up in consequence,
with December and January recovering
to just about Tuesdays closing figures,
while October sold Ii points and spring
months Is to II points net higher.
Wall Street buying, which had been
feature on the rallies Of Tuesday, was
not in evidence at the start, but was
one of the factors in the afternoon ad-
vance. This buying was probably pro
noted by rumors of peace demonstra-
tlons all over Germany. Reports of a
tropical storm suggesting heavy rains
on the Texas coast attracted little at
tention. According to a Memphis re-
port the weather during the last week
was 70 per cent favorable to the final
crop and so per cent favorable to pick
ing and ginning. Southern spot mar
kets as officially reported were un-
changed to SO points lower. Houston
reported sales of 1923 bales at de-
cline Of rs points to 31.75 for middlinr
The range of prices follows:
New-York tribune., 1918-10-17
Steel Production Is
Still Far Behind
u. S. War Demands

WASHINGTON, Oct. 1s. - Improve
ment in the steel situation is shown
by survey just completed for Steel
Administrator Replogle. Of the War
Industries Board. but in disclosing this
to-day officials Of the board said pro-
duction still was far behind war de-
mands and the outlook for supplies for
non-war industries for tho remainder
of the war was not bright.
Pig iron IL now being produced in
tho United States at the rate Of more
than 100000 tons year and steel
plates at the rate Of nearly six million
tons. both records in the industry. The
plate production is more than 10000
tons week greater than ever before.
Production Of all steel is running at
ne rate OF only Irroximately SO, ,0o0,-
coo tons year. however, and the de-
mands Of the government and the
600.
New-York tribune., 1918-10-17
Italian Cold Storage
Facilities To Be ENLARGED

The Italian Commission for Cold
Storage Facilities has recommended to
the government that immediate meas
ures be taken for increasing the na-
tional cold-storage plants to conserve
the large quantities of meat and food
products that are now being imported
into italy and that will be imported
after the war. 1t is announced that the
Minister Of the Interior has ordered
an examination of all the refrigsratSsss
.acilties in Italy, with view to DO
sermin'ng the needs for new ixstssia~
Sons - Conadiax Deyustsw1mt Of
F,adeSdnd Commerce.
New-York tribune., 1918-10-17
> II S t e n q nee
Cereals

Wheat.-The most conspicuous feat
ure in the wheat position is the steady
increase in supplies. According ~
Bradstreet's visible, stocks in the total
United States increased 5,3os. 600
bushels for the week and the total is
now 112,o57,ooo bushels, against 15-
955,o0o last year. Canada also in
creased 1888, 900 bushels, and the total
stocks in North America are 1881 ooo
bushels, compared with 3e,ele.ooo last
year. Aside from these totals +hers
are great quantities or woear IN cow
Try elevators and at mills which yb;I.
sney are causing some congo stion. are
most gratifying when Compared with
the condition and outlook which rra'
vailed year ago. pAe
Corn.-The technical position OF the
corn corn market has apparently been re-
lieveo by the active covering of the
past TWO days and consequentlys the
el.usuon presents q weaker aspect and
prices were more susceptible to de-
pressing influences. Around the open
ing there was further hesitation on
'he part of sellers, owing to the re-
cent show of strength as result OF
the announcement that the government
EAs IN the market for export corn.
Government agents, however. were not
'd'spesed to take an aggressive stand
New-York tribune., 1918-10-17
Trade Favors Canada
Balance With United States
Shows Marked Improvement

Especial Correspondence Of The Tribune)
TORONTO, Oct. 16.-Recently there
has been a notable improvement from
the Canadian standpoint in trade rela-
tions between the United States and
the Dominion. During the first seven
months of 1918 imports from the
United States decreased no less than
S34, 100000. while imports increased
S26.215,0O0, making an aggregate i'm
provement of no less than SCI 900 900.
The reduction in imports was very
marked in July, being 100000, while
exports increased nearly million.
The Improvement is bound to continue
as deliveries of war materials proceed
and as grains move across the ocean
for settlement in New York.
New-York tribune., 1918-10-17
News Digest
Foreign

Foreign
Paris Market Quiet.-PARIS, Oct.
1G.-Trading was quiet on the Bourse
to-day. Three per cent rentes. 81
francs for cash. Exchange on London,
26 francs centimes. Five per cent
loan, 80 francs 80 centimes.
Strong Undertonc in London.-ION-
DON, Oct. l6.-Money was in good de-
mand to-day and discounts were steady.
here was q good undertone on the
stock Exchange, but business was mod
crate owing to disposition to await
developments. French and Mexican
stocks were the best Of the foreign
securities. Shipping stocks were active
owing to strong revival of rumors re-
gardlng new control. Gilt edge British
securities were steady, with the OK
ception of consols, which wcro slightly
easier.
New-York tribune., 1918-10-17
Burns Bros Melon

It has usually been the habit of pro-
fessional Wall Street to take profits
when the good news is out" on the
theory that the stock market generally
discounts in advance important divi-
dend declarations. On the official au-
nouncement yesterday that directors
Of Burns Brothers had declared a quar-
terly dividend Of 21s per cent payable
in common stock the shares already
issued advanced to the new high record
price of 1601a, and closed half point
up Mt 1591a. 1t is assumed that the
coal company will continue the stock
dividends on the Junior shares until
the total reaches 40 per cent, the ap-
prcximate equivalent of s3,OOO,0O0 of
common stock still>in the treasury.
New-York tribune., 1918-10-17
Borrowing for Liberty

THE board of governors New York Stock Exchange
voted yesterday to borrow $10o0O0O investment in
the bonds Of the fourth Liberty This action was un
precedented in the history of the institution the officials
felt that the present situation called drastic measures To
obtain the needed funds they their that
the obligation would be met at it's present bor
rowing was made necessary owing to the that all the
working capital Of the exchange already in the new
bonds
New-York tribune., 1918-10-17

The above rates express the cost of
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling at. say. $4.7545. The intrinsic
parity is s4.s6ss per pound. Thus you
say either that pounds are at a dis
count or that dollars are at a premium,
which is owing to the fact that in Eng
land the demand for dollars with which
to settle accounts in this country is
greater than the demand in this coun-
try for pounds with which to settle &C
counts in England.
New-York tribune., 1918-10-17
A Liberty Bond Swindler

Banks we're warned yesterday by
George w. Ely, secretary Of the Stock
Exchange, to guard against the opera
tions of an alleged swindler in Liberty
bonds whose practice has been to rep
resent himself us member of some
firm. The activities of the individual
were described by Mr.. Ely thus: "tIc
telephones a bank giving orders to de
liver Liberty bonds and stating that he
will send messenger to receive them.
He then sends boy with letter
written on paper bearing tho firms
name with a forged signature of the
firm"
New-York tribune., 1918-10-17
Norwegian Budget
Extraordinary

The Norwegian extraordinary budget
for 191s-'19 amounts to $3.50, 200, 900
crowns (S75, 1000 000). Last year it was
ls63,.5oo,oOo crowns ($53,ooo ooQoO). The
mliitary committee has suggested using
3,50O,000 crowns for repairs of the
navy. The government has in all voted
21,6oo,O0O crowns (s5,762, ,0oO) for neu
trality purposes.
New-York tribune., 1918-10-17

Considering the obstacles, of
which an inadequate money supply
is the most prominent, that stand in
the way of big speculative move
ment, the stock market is remark
ably broad and active. More issues
have been traded in this week than
in any preceding period this year,
while new high prices for not few
stocks have been made nearly every
day. For time trading attention
centred chiefly on the petroleum,
shipping and railroad shares, but
there has been a gradual extension
of interest to others rs the convic-
tion gained ground that this group
would benefit by the ending of the
war and that one would suffer
heavy curtailment of profits upon
the restoration of peace. Yesterday
it was the motor and tire stocks
that attracted most attention. the
market registering emphatically the
majority opinion among traders that
these issues are Ill the peace class
Trading in them was unusually
heavy, and prices rose from one to
approximately four points, whereas
the average price of fifty represent
ative issues gained only a quarter
of one point. At SOTO, however,
this average stands at the peak of
the year. 1t is probably true that
the motor and tire companies will
fare better in peace than in war, al
though it remains to be seen how
such companies will make out on the
huge war orders they have booked.
Investors may be uncertain as to
the future of stocks, but there
seems to be little division of opin-
ion as to the effects of peace on
bonds. In spite of the fact that the
investment machinery Of the coun-
try has been devoted almost wholly
to the flotation of the Liberty
Loan, the demand for corporation,
industrials, foreign government
and municipal bonds has increased
steadily, and prices have worked
gradually upward. In the last ten
days the average price Of twenty
five preventative issues has ad-
vanced about y points, while the
turnover has increased heavily. In
the last five days the average sales,
excluding United States government
bonds, which are affected by special
conditions, were $4,346,600, against
S2,796,000 in the five days preced-
ing.
New-York tribune., 1918-10-17

The leading authority Of the, steel
trade, '"The Iron Age" makes some
interesting comment on the pros
poets for the steel producers in the
event of sudden cessation Of hos
tiities. That possibility, it asserts,
has been widely discussed, but with
out disturbing conclusions, for the
reason that the concensus of trade
opinion is that "apart from shell
steel, in which an early peace would
cause some cancellations, the mate
rials now most in demand would
show no great falling off. Govern
ment shipbuilding would go on and
rail and railroad equipment con-
tracts would keep many mills busy
for months" AS for cancellations,
this publication goes on to say that
under cancellation clauses govern
ment munition contracts could be cut
down and the manufacturers reim-
,bursed, yet 1t ls pointed out that in
good many cases manufacturers
made plant extensions for war work
without any guaranty Of reimburse
ment. In any event, compensating
payments by the government would
not keep workers employed, and it is
conceded that in some lines an early
peace would cause unsettlement and
a process Of readjustment.
With the whole metal working in
dustry SO largely serving the gov
ernment, the bid for pease has had no
effect on production, though undeni-
ably it has caused many manufact-
urers to think more sharply concern
ing plans FOR the transition period.
The existence Of government price
fixing machinery is counted on to sta
bi1ize the market when war demand
falls off, but there has b.en some
evidence this week, particularly in
pig iron and in old material, that
buyers recognize the entrance Of new
possibilities into the situation.
Meanwhile, the peace offensive
has failed to diminish the efforts of
producers to speed up their plants.
New-York tribune., 1918-10-17

The Federal Reserve Bank Of New
York has put in force the following
schedule of rediscoulic rates which ap-
ply to bankers acceptances: Maturities
up to Is days, per cent; 16 to 60
days, inclusive, AZ per cent; 81 to 30
days, inclusive, ~ pev cent.
Bank Clear1ngs.-Bank clearings yes
terday in New York and other cities
we're:
Exchanges. Balances.
New York go. $685. ,4052ot $71,342, 1884
Philadelphia. 82,533,648 t6,791,583
Silver.-London, 4eAd, unchanged;
New York. 101 Mc, unchanged; Mexican
dollars, 7sc, unchanged.
Sub-Treasury. The banks lost
S127,00O to the Sub-Treasury yesterday.
New-York tribune., 1918-10-17
Relevant Comment
Ice Stocks Strong

Aided by an admittedly heavy short
interest, American Ice common held
strong throughout yesterdays market
and closed ~ points up at 44%, Il new
high record price. The preferred stock
was also strong, ending the day at 54M,
gnet advance of 8. Connected with the
rise there was a revival of the report,
yeccntly denied, that merger between
this company and another ice concern
is being planned.
New-York tribune., 1918-10-17
Mexican Petroleum Crosses $50
Opening Up Mexico

announcement was made yesterday
that the American Smelling and Refin-
ing Company has started extensive de-
veleopment work on four new silver
and lead mining properties recently
acquired in Mexico. According to the
present programme the company plans
to spend approximately $4,OO0,O0O on
This work. A group of officials will
Leave shortly for a six weeks trip
through Mexico for the purpose Of
getting first hand information rela-
tive to conditions there. At the pres
ent time one of the principal problems
in Mexico is the inability to obtain
adequate transportation facilities. Tho
company has already bought consid-
cradle rolling stock for its own use
but there is still a shortage.
New-York tribune., 1918-10-17
Coffee, Sugar, Tea and Cot.
tonseed Oil
Current A year


Soffee. Rio No. Z. per rb- b-.-~- 1oss So
Cottonseed oil. per b. b.. f7.5o
Coffee Futures--The market ruled
generally dull, but with buyers ar
maximum prices and no sellers
Prices opened and closed unchanged.
The new regulations regarding govern
ment control of imports has caused
more or less confusion in the trade
and it now develops that licenses 20
import cannot be secured at present
so that all business is blocked for the
time being, until the new plan to have
the Sugar Equalization Board issue pe--
mits is In operation.
Spots of Santos and mild coffees nye
very firm at unchanged prices. and
fair business is reported in MID
through commission houses. Milds are
still below a parity with the bstfa,.
grade of Santos and are in p-,od 40,
mand. There were sales reportea ef
Rio rs at l0fsc to 10%c
New-York tribune., 1918-10-17
Yesterdays Tues Yt

The local market for spot cotton
was quiet and unchanged at 1920 for
nlddllng upland, compared with 2S.45
for the year before. There were no
sales of spot. Southern spot markets
follow: -''''A Il %
Galveston steady, 25 points lower at
81: 25; sales 9S2 bales.
~ New Orleans quiet, unchanged at
3O.75; sales 222 bales.
Mobile dull. 25 points lower at % 75-
sales five bales,
NJ Savannah steady, 25 points lower at
30c; sales 308 bales.
Norfolk steady, 20 points lower at
30c; sales 1852 bales
Baltimore nominal, SO points lower
at .31-25; sales nil
Augusta quiet, 81 points lower at
3O.18; sales 679 bales.
Memphis steady. unchanged at s1.5p;
sales 1900 bales
. Houston steady, % points lower at
317b; sales A,528 bales.
Little Rock quiet, unchanged at
31.5o; sales 47s bales.
Cotton statistics follows
Yesterday Last wk. Lass yr
Exports season. 74o,so2 ess.7s 1.oss.ses ss,ses
US. port stocks t,1o5.37a 1857. .s5e sss,47o
interior rcpts. 24.2oO 25.so2 $500
Interior shipmts. 1860 2o,7ss 'o9s so'o9s
NJ X. arrivals. 1852 1858 4.oe7
Liverpool cables: Spot cotton. quiet;
IA points lower at 2223 for middline
and PITT for good middling. Sales.
1000. American, 1000. Imports, nil.
futures opened steady, unchanged to
points lower. Closed very steady at
a net advance of points to a decline
OF II points. Oct. 22.33; Nov, 2l.52;
pee, 2085; Jan. 2O-35; Feb, 1890.
quiet. '
New-York tribune., 1918-10-17
- Commodities -

on the buying side and the price they
were willing to paw for corn was ahou
6 cents under the market The i'm
preston gained ground that If the
government intends to support prices
it will have to make actual purchase
of corn, as receipts continue llbera
and new corn is practically ready for
market. This theory seemed to give
more courage to bears, and the genss
tional rumors from abroad resardin.
political conditions IN Germany causso
renewed pressure during the afternooi
and prices broke about cents frcri
the top, closing with net losses o.
5as to SAC. On mature consideration
the trade was not disposed to antici-
the tonnage situation and the pressure
Of wheat for shipment as we'll as the
fact that large amount Argentine
corn is coming to Anne. a for re
expectation, were believed TO be
against much new business at thi@
time.
Yes'day's Previous
s~ No. yeo~ s7 i.s7s ssSa flsss 500 g.
Chicago:
psssDsber s1ss ffz5ss isfss i.l4,s
Osts.-An export demand for oat
was again lacking and, recelnts
were quite liberal the market re
sponded readily to the weakness IN
corn, closing with net losses of Is
TO 2asc. The cash position was easier
and the government demand has been
less active. Sentiment in the market
was considerably confused, and while
there was fair demand at times from,
commission houses, cash interests
seemed to favor the selling side.
Yesterdays Previous
New York: close. close Year ago
Oats, No. white. .7s 70 SIS
Chicago:
November ~~...-~. ~esss osls
December ~---.~... 1854 .e77s ST.
Rye.-Market steady.
Yes days Previous
Cash. No. West. Sly s1.77 s1.s7
Flour and Neutrality-suspicious. were:
Yesterdays Previous
New York: close close. Year ago.
Flour, Mimi, spg pat 5000 stf.oo $3.50
CornIneal. vel. gran. 4.o7ls $50 1875
Rye flour. choice 800 600 1o.25
Kiln dried
New-York tribune., 1918-10-17
Another Marine Yarn

Just before the close of yesterdays
stock market International Mercantile
Marine preferred which had advanced
to 1919, a new high on the present
movement, suffered sinking spell
and broke hurriedly to '1l8 before sup
port appeared. The setback was prob
ably partially explained by the appear
ance of story after three o'clock that
"the much discussed sale of 100 In
British syndicate not only has not been
concluded, but there are doubts in the
minds of some people familiar with
the existing situation as to whether
the sale will ever take place" The
yarn was not generally credited, how
ever, and the impression in we'll in
formed circles was that the deal will
ultimately go through along the lines
now contemplated. Marine common
was more active than for some time
and sold as high as 33, new high for
the year. At 80, the closing sale, the
stock was up ] II points. The preferred
ended the session at 1885, net gain
of Il IS Directors meet this afternoon
Mexican Petroleum Crosses $50
Wall Street is yet to find satisfac-
tory explanation for the swift rise in
Mexican Petroleum stock. Yesterday
the stock kept up it's spectacular per-
formance by soaring to 152, new high
record for all time. After setting that
figure it promptly reacted to 147as
where it showed net gain of 27s
points. Earlier in the day it had sold
at 143. The turnover in the stock was
approximately $4,000 shares. The great
activity and wide range of fluctuations
of Mexican Petroleum have attracted
a large speculative following in that
issue and the Street is full Of extraya-
CANT tips. regarding it, And still no
one has yet been found who can tell
why the stock is moving upward SO fast
and so far
New-York tribune., 1918-10-17

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., 1918-10-17

Commercial Paper.-Only q compare
lively small amount of paper is moving.
The rate rs steady around 6 per cent.
Bank Acceptances.-Rate yesterday
were unchanged as follows:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent.Per cent.Per cent
E igiblc
IN nj bcr
ba .xs. .AA@4 43s@4A 42s@4H
E igible
mem
Der banks.414@41a 49a@4s 4ss@4h
Ineligible
bank bills.sL4@4 5M@434 5I4@424
For delivery within thirty days:
Per cent.
Eligible member banks ..... 4I2
Eligible non-member banks. .... 45s
Ineligible bank bills. 6
New-York tribune., 1918-10-17
Corporate Returns

American Window Glass Company
Report for the year ended August 81
shows total income of s5,875,952, which
compares with s5,011,769 for the pre-
ceding year. After deductions of s279,-
219 balance amounted to s5,596. .733.
aganct 81 7O7,630. Preferred dividend
were $279,6oo, leaving a surplus of
New-York tribune., 1918-10-17
Dollar in Foreign Exchange

Swiss exchange continued to decline
in this market, the rate falling to a
level Of 5.04 francs to the dollar, with
late recovery. Other neutral ex-
changes rallied after early weakness.
Closing rates yesterday, compared
with week ago, follow:
Quoted dollars to the pound>