davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-09-18
Anxious Over Rubber Situation

Reports from London indicate that
tho position of the rubber plantation
industry is causing considerable
anxiety both there and in the East.
The curtalment Of rubber exports to
the United States is the principal
cause of the difficulty, although back
of this lies the lack of tonnage to
transport the crude rubber to market.
Says "The London Times" in this con-
nection: owe have repeatedly empha-
sized the necessity of recognizing the
factors which, SO long as the war lasts,
must tend to make the position of the
rubber industry increasingly difficult,
and though 1t may become easier later
it would be foolish to expect a return
Of that degree of prosperity which was
one of the remarkable features of the
rubber industry in peace time, and
even, indeed, during the earlier period
of the war, before the shipping posi-
tion presented the problems it presents
to day"
New-York tribune., 1918-09-18
N. Y. Chamber Assails
War.Revenue Bill

Declaring the new war revenue bill to
be dangerous to the future financial op-
era.1ons Of the government and express
ing the fear that it will seriously in
terfere with production the coming
year, the Committee on State and Mu
nlcipal Taxation Of the Chamber of
Commerce of the State of New York. in
report submitted yesterday, appealed
to President Wilson and Congrnss 10
amend the bill immediately.
The committees report will be pre.
sentcd to the chambr for action at its
monthly meeting, on October 3.
The committee declared that the
measure, which calls for an increase of
100 per cent in taxation over the nre-
ceding year, is unprecedented in the
history of nations. The report points
out that while England, after four
years of war, is only attempting to
raise Is er cent of its war revenues
by taxation, the United States, in the
second year Of its participation in the
war, desires to raise 33 1-3 per cent or
more Of its expenditures by taxation
New-York tribune., 1918-09-18
Dividend Rate Increased

Directors of the American Agricult
ural Chemical Company, by declaring
yesterday quarterly dividend Of =
per cent on the common stock, in
creased the rate to an per cent an
nual basis. The last previous ouarter-
ly disbursement was u per cent. The
current declaration is payable October
10 to stock of record September 26.
The board elected George B. Burton
and Thomas A. Dee vice presidents of
the company. w. ". Baker, because Of
Ill health, resigned as vice president.
but continues as director. J. Cameron
Bradley was appointed assistant secre-
tary.
New-York tribune., 1918-09-18
TO THE HOLDERS OF
RAILWAY STEEL SPRING COMPANY
NINteT-CCean PLAINLY
Ist Mortgage 90 Gold Bonds,
Dated October l. 1911.

iEI4DfNII ION NOTICE.
NOTICE Is HEREBY GIVEN as nroviaea
IN Article of the mortgage dated October
l. 1sll, made By the Railway Steel Spring
company TO the Standard Trust Company of
New York. Trustee, Guaranty Trust Com
pany or New York. Successor, that the Ran
way Steel-Spring Company will redeem ali O.
rs Outstanding First Mortgage 5ot 20 yeal
Gold Bonds unterOcean Plant) issued under
SAD SAD morisage. m on October l, 1913, at one
nonureu o and I'VE per cent. G05eo) of the face
70 october l., 1918. Said bonds will be re-
deemed at the Coupon Department Of the
guaranty Trust Company OF New York 40
broadway New York City and should have
attached coupons due October i. 1918 after
which date interest will cease.
RAILWAY STEEL-SPRINC, COMpA%y
BY f. r. FITZPATRICK. President
Dated New York City. August l6, 1915
New-York tribune., 1918-09-18
More Crude From Independents

According to advices from Kansas
City, an arrangement has been made
whereby Independent oil refining com
panles in the mid-continent field are to
be allotted an additional 10000 barrels
or crude oil day. 1t is understood
that the agreement will run for a
period of month and half. This
follows demand by the independents
tor additional supplies out of produc
ton and surplus stocks of crude in
that territory 1t is said that approx
mately 10000 900 barrels of crude ara
in storage in the mid-continent district
at the present time.
New-York tribune., 1918-09-18
Dividends
Extras

Westmoreland Coal Company.-An
extra dividend Of ~ per cent, payable
in third Liberty Loan Az bonds at par,
has been declared, in addition to the
regular cash quarterly dividend of 2la
per cent both payable October to
stockholders of record September II.
Texas Pacific Coal and Oil Company.
An extra dividend OF per cent, pay
able October 80 to stockholders Of rec
ord October 19, in addition to the rceu-
lar quarterly dividend OF Ia per cent,
payable September 80 to stockholders
of record September 10.
New-York tribune., 1918-09-18
Mexican Petroleum Tn

Inc persistent strength in Mexican
petroleum in the face of more or less
unsettlement elsewhere in the stock
list is attracting attention. Yesterday
the stock advanced from 101 to 10., the
latter beng new high record for the
year and net gain of PA points. A
quarterly dividend Of 2 per cent which
recently came off the stock has now
Dcen more than recovered. Dealings in
Mexican Petroleum yesterday amounted
to 10000 shares. making it, next to
united States Steel common, the most
active issue on the list,
New-York tribune., 1918-09-18
The Dollar in Foreign Exchange

AS a result of the continued political
and military indications which bank
crs believe show that the "invinci
bilty" Of the Central Powers is a myth
and that the war may end compara
lively soon decisvcly in favor of the
Entente Allies and tho United States
rates on neutral countries yesterday
moved further in favor Of this coun-
try. Rates on London remained steady,
and those on Paris showed a frmer
tendency.
Closing rates yesterday compared
with n week ago follow.
Quoted dollars to the pound)
New-York tribune., 1918-09-18
Peru Issues Bank Notes
Against Dollar Excha

LIMA Peru, Sept. 1.-THE Peruvian
government to-day promulgated tha
revised monetary law authorizing tn.
issue Of s15,ooo,ooo in ban, 1919 40
against dollar or pound sterl;nc notes da
Ioslts in New York and London IS bsrq's ue-
This is virtually the same arranhs ranhs'
T ment as that effected between ""sea r.
United States and Argentina. and nro7 w
Vldes all exchange TRANSACTIONS ~ ~
be on the basis of s5O1A to thu Pers 5arSe
wan. van pound for cable transfers on New
New-York tribune., 1918-09-18
Expect Roads to Accept Contract

Acceptance Of the standard railroad
contract by the Chicago e. North West
ern system was regarded in the tinan-
cial district yesterday as a favorable
augury. 1t is believed that other i'm
portant roads will take similar action
IN the near future. Final hearings De-
tween Representatives of the carriers
ana the railroad administration over
certain notifications that are desired
are beng held this week in Washing
ton' and when these are terminated
quicker progress is anticipated
New-York tribune., 1918-09-18
General Motors Weakcns

AT its low Of 11OM General Motors
yesterday was within 3ls points of the
low price for 1918. Before the close,
however, the stock recovered to 11334
n net loss of q points on the day. The
early selling followed shortly after an
announcement that special meeting
Of Chevrolet stockholders had been
called for October II, for the purpose
of outlining a plan to dissolve the
company, which involves distribu-
tion of the General Motors stock in
it's treasury, so that shareholders will
receive one and one seventh shares Of
General Motors for each share Of
Chevrolet
New-York tribune., 1918-09-18

Relevant Comment
Hope for Change in Bond Tax

Although the House voted down yes
tcrday the proposal to strike from the
new revenue bill the provision to tax
the income from new issues Of state
and municipal bonds, investmen.
bankers are still hopeful that the
Senate will take action favorable to
their interests. They argue that as
the tax is not retroactive it would be
unfair to discriminate against future
offerings. The Senate, it is believed.
will see tho wisdom Of the investors'
viewpoint.
New-York tribune., 1918-09-18
STOCKHOLDERS Mrrr1va

D-,,l-- y y % I-FsS I-NB.
Notce IS hereby given that the Annual
.neeting of the stockholders of Ths Consou-
Gated Progressive OIL Corporation will be
neid I at the Offices Of the Company. 80
broad ~, New York city. Friday. Novern
Der s. 1918. The books Of the Corporation
permanently close for subscription to treas
gry stock Monday. September 30. 1918
BOOKS closed for transfer of all stock
wednesday, October so. 1918, and reopen
Tor transfer Friday. November IS 1918.
A: u FOkAN. Secretary {. Treasurer
New-York tribune., 1918-09-18
Telephone
Hanover 6St4

bills and three month bills, 3 1912 per
cent. Gold premiums at Lisbon re-
manned 1870.
Bank Clearings.-Bank clcarings yes
terday in New York and other cities
were:
Exchanges. Balances
New York $3.50, ,929, ,8Ot S49,O97, ,761
Boston .... 48,796,574 6,533,97S
Philadelphia. 66,872,443 1882, 13S
Sub-Treasury. The banks lost
SS44,o00 to the Sub Treasury yestcr
day.
Silver.-London, 49hd, unchanged;
New York. 101 Mc, unchanged; Mexican
dollars, 7Sc, unchanged.
New-York tribune., 1918-09-18
Elections

c.. S. Jennison has been elected
president of the Dayton Production
Company. '''''
r, Kendric W. Taylor has Joined the
FRANK Herman Advertising Agency.
George B. Burton and Thomas
Doe nave been elected vice-presidents
OF the American Agricultural Chemical
Company j. ID. Bradley was appointed
assistant secretary. Mr.. Doe retains
his position as treasurer.
New-York tribune., 1918-09-18
American Sumatra Tobacco

American Sumatra Tobacco common
sold down to 1o59s yesterday. That is
the lowest price for the issue in weeks.
AS recently as May "a it was selling in
the market at 145, the high record
prce. Traders in Sumatra have had
plenty OF action this year, for the stock
sold around GO in January. Last year
1T started in May at 80. Like many of
the other pool stocks, Sumatra is now
sufferlng because the so-called insiders
have not been able to get the bankin~
credit sufficient to keep the churn
going.
New-York tribune., 1918-09-18
Increases

American Agricultural Chemical Com
pany.-The regular quarterly dividend
has been increased from l Il per cent to
per cent, payable October Is to stock
holders of record September 26. The
regular quarterly dividend Of IA per
cent on the preferred stock was also
declared, payable October Is to stock
holders Of record Septemher 26
New-York tribune., 1918-09-18
HARPER,S WEEKLY

STOCKHOLDERS MEETING.
PURSUANT 10 resolution passed BY ma
torty of Board or Directors of above com
pany, meeting OF stockholders Of said com
psny VIII be held at 20 Fifth Avenue on
October lst 1918, at noon. for purpose Of
dissolVing company.
WALTER S. ROGERS. Secretary.
New-York tribune., 1918-09-18
To Hear Harvester Merger Plan

Application for approval of the mer-
ger of tho international Harvester
Company of New Jersey and the Inter
national Harvester Corporation has
been filed with the Public Utility Com
missioners of New Jersey and will be
heard by them in Newark on Scptem-
per lS. The plan was unanimously in
dorsed by the stockholders on Septem-
Der TO-
New-York tribune., 1918-09-18

TIE above rates express The cost of
foreign money in terms of the Areri
can dollar. You buy an English pound
sterling at. sey, s4.7560. The intrinsic
parity is s4.SG9s per pound. Thus Won
say either that pounds are at a dis
count or that dollars are at premium,
which is owing to the fact tbat in Emo,
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., 1918-09-18
New York

American Mailing Stock Deposits
The committee representing the pre-
ferred stock holders of the American
Mating Company. announced yester-
day that 81, 900 shares had been de-
posted under the liquidation plan. 4
total of 10000 shares is required.
New-York tribune., 1918-09-18
News Digest
Foreign
London Market E.sfe,

LONDON Market Easier. = LONDON
Sept 17.-The stock market was quiet
today. Gilt-edged securities cased a
fraction from lack of support and
neutral stocks were weak on tho ;m-
sTovement in exchange on London.
MHrconi stocks were active and rub
Der and shipping shares rallied. Far
Eastern securities were the best feat
ures. Money was plentiful.
New-York tribune., 1918-09-18
DIVIDEND NOTICES
The American Agricultural
Chemical Cornnanv

New York, September II, Iels
quarterly dividend OF one and one-half
per cent q 3aSo) on the Preferred Stock %
THIS Company (No. SD, and g. quarterly
dividend Of tw? per cent (29o) on the Com
mon Stock (No. 2S) have been declared.
payaoie october 18th, 1918. to stockholders
Of record at the close of business on Thurs
day, September 2Sth, 1918
THOMAS A DOE Treasurer
New-York tribune., 1918-09-18
French Can Export Walnuts

A ministerial decree of the French
government on September l author
lied the expectation of walnuts of the
1917 crop to the United States and
England. but the embargo on this
years crop remains in force.
New-York tribune., 1918-09-18
Railway Steel Spring Company,
80 Church Street New York CitI,

quarterly dividend Of &C one ''AS AND
THREE QUARTERS PER CENT N4%)
has this day been declared on tho PRE-
EERFED STOCK Of this Company. paya-
record September e. 1913.
The Transfer Books VIII not be closed
Checks Will be mailed by Bankers Trust
Company.
E. MCCORMICK, Treasurer.
New-York tribune., 1918-09-18
DIVIDEND NOTICES
TEXAS PACIFIC COAL AND OIL CON
rANX
n Broad Strett,
n g u y Ork Sprterr, har- flf 1

New York. September IS, 1918.
The Board OF Directors has declared the
regulSr quarterly dividend Of one ard one
half per cent GnGe) on the capital stocs
OF this company, payable ScpteIn her SO.
1918, TO stockholders OF record at the close
or business September Is, 1913. and
A dividend OF 1--WE per cent go on tns
capital stock OF this company, payaos
october 80. 1918, TO stockholders o. record
at the close Of business October ~. 1915
The transfer books viii not close
EDGAR l. MARSTON. Treasurer
New-York tribune., 1918-09-18
Finance = Economics
WALL STREET OFFICE: Teenhone
Mills Building, Wall St. Hanover 6st4

Having ignored the Austrian
peace note as market factor,
traders found in the Administra-
tons quick rejection of the pro-
posal no excuse either for buying
or selling stocks. A rumor that the
Kaiser had abdicated caused a brief
furry, but aside from that war
news" played no part in the days
market. The restraining influence
was the stringent money control,
and that is likely to continue as
the preponderant factor for a con-
siderable period, perhaps until the
war is over. Stock market interests
have the comfort of knowing the
worst, however, since it is regarded
as highly improbable that restric-
tions on Stock Exchange loans will
be made more drastic than those
which have already been applied.
New-York tribune., 1918-09-18
Railway Steel Spring Company.

- -11u1 c7E orr7e-. -VcW IoTK Oily.
August 8. 1918
\ quarterly dividend OF ONt. AND ONE
QUARTER PER CENT. O4es) has this
day been declared on the COMMON STOCK |
of this Company. payable September 80.
1873 to Stockholders OF record September
16, 1918.
The Transfer Books Will not be closed.
Checks Will be mailed by Bankers Trust
Company
New-York tribune., 1918-09-18
Export Oil Price Advanced

The Standard Oil Company OF New
York yesterday announced an advance
OF oo points in refined petroleum in
cases a Sc. 1or export, making the price
1925 cents PEI gallon.
New-York tribune., 1918-09-18
ANDREW J. MCCORMACK, Auctioncer.
REGULAR AUCTION SALE
STOCKS AND BONDS.
BY ADRIAN III. MULLER e. son,
OFFICE. 90 WILLIAM ST.
WEDNESDAY SEPT ~ Iof9


OFFICE. 90 WILLIAM ST.
WEDNESDAY, SEPT. 18, 1918,
at 1890 o'clock, at the
EXCHANGE SALESROOM
nos II AND 1s VESEY STREET.
For Account Of Executors.
zoo shs. Brooklyn Union Gas Co.
700 shs. Royal Baking Powder Co. prefd
38 shs Title Guarantee & Trust Co.
100 shs. Concy Island & Brooklyn r. r.
80 shs. Haytian-America Corpn. prefd
l21a shs. Haytiar- American Corpn Ordi-
nary common.
% shs. Haytian- American Corporation
Founders.
For Account of Whom 1t May Concern
shs. United Gas d Electric Cnrpn.
tConn.) 1st prefd.
shs. United Gas & Electric Corpn
Comm I'd prefd.
$4,000 Commonwealth Power Co. of Ne
braslka 1st Mtg. so Bds.. 1914.
500 shs. Kensington Gold Mines Co.
$4,000 kensington Gold Mines Co. 60
Convt. Notes
40 shs. international Nickel Co. com
$1,000 United States "a Liberty Loan 4es
Bond.
20 shs. City Investing Co. common.
shs. Amin Realty Co
shs. Madison Safe Deposit Co.
shS. Lincoln Trust Co.
slo'ooo Nassau Electric r. X. list Consd.
Mtg. 40 Bonds. 1851.
4oo shs. Chalmers Motor Corpn. COM
mon.
$4,000 Note made by e. E. Johnston. due
and protested Nov. Is, 1917. with
interest Ydea st, at It., 6ga, together with $1,000
Note OF Philippine Cocoanut Prod
ucts Corpn. (now known as Cocoa
nut Products CorpnD. dated Sept
20, 1916, with interest
New-York tribune., 1918-09-18

Unfortunately, many other busi-
nesses have no such consolation,
for the credit situation is becoming
strained and there is good reason
for believing all the non-essential
businesses may be put on thin
credit rations in the near future.
The rediscount and acceptance &C
count of the local Federal Reserve
Bank alone shows an expansion of
nearly so per cent in the last two
months, and many Of the banks are
loath to further exercise the re-
discount privilege except in cases
where the credits are absolutely
essential to the prosecution Of the
war. But the demands upon the
bankers are increasing every day,
and the problem is therefore reach
ing an acute stage. One of the
most astute bankers in this city
said yesterday that the banks must
either adopt a policy of unlimited
imitation, thereby causing an un-
paralleled rise in wages and COM
modify prices, and thus create
situation that might bring disaster
at the close of the war, or they
must pare non-essential loans to
the bone. And his institution, he
said, regarded any policy leading
to further imitation as too unsound
to be countenanced. So far there
has been much discussion of the
question Of curtailing loans, but,
aside from the stock market re-
strictions, not a great deal of ac-
ton. The matter may come to an
issue in the very near future. Non
essential businesses would do we'll
to prepare for such contingency.
New-York tribune., 1918-09-18

Paris Market Quiet. - PARIS, Sent.
l7.-Trading was quiet on tho Bourse
to-day. Three per cent rentes sold at
63 francs 45 centimes; exchange on
london was % francs centimes:
per cent loan brought SO francs 10
ccntimcy.
New-York tribune., 1918-09-18
Officc of The United Gas Imnroxement Co

Uhfcc OF The United Gas Improvement 10
n. w. Corner Broad and Arch streets
Philadelphia, sept. II. lsls
The Directors have this day declared -
quarterly dividend OF Two per cent 81 ~
per share) payable October l5, 1918.
stockholders OF record at the close of pasa. paa
ness Sept. 80, 1913. Checks will be maile~
!. w. NORRIS, Treasures
New-York tribune., 1918-09-18
Money and Credit

Quiet prevailed in the money mar
ket yesterday. At the Stock Exchange
call money ruled at 6 to 61s per cent.
unchanged from Monday. Only mod
crate volume Of business was trans
acted.
Offerings Of fixed date funds are
practically nil. Borrowers are offer
ing to 6hs per cent for all maturities.
but are unable to obtain accommoda-
tion.. The banks simply have not the
funds necessary to make such advances
in view Of the impending needs Of the
Liberty Loan campaign.
Ruling rates for money yesterday,
compared with year ago, we're as
follows:
Yesterday. Year ago.
Per cent. Per cent.
Call money:
a. q
New-York tribune., 1918-09-18
BANK REPORTS
REPORT or THE CONDITION OF
THE. BANK OF AMERICA

at At the close Of business on the 10th day ~
RESOURCES:
Stock and bond investments, viz.
Public securities, market value 50 5n- fs,.n
PriVate securities market value 2as5 n5I m
Real estate owned ....... o0o 6oo m
Loans and discounts secured bv '''0V
bond and mortgage. deed or
"snes "ar7s aeaI sd estate co.latel 100000
7nd "ih9r collateral ..;.,:.;-..... 12.22s.oss42
chased rot secured by collateral s,7ss,54s52
Dna sros,, ......... 2i.5a
banks banks and bankers. l,5252.7oa
Slto,o Si,5 ... =. :. 6o4,70s.4O
the Laws of the United StatAs 55ee25oo
Cash items viz
Exchanges a n d
checks for next
days clearings. S15 .eSo1a792
Other cash items 405.S52.13
Due from tho Federal Reserve
csiaI Bank Of New York........... 2.5ss7sc7s
Accrued interest not entered on
books at close OF business on
above date..........-....... 7:70ooc
Total ......,............... 4s.S7s2ssss
LIABILITIES
Capital stock ............... 1880 900 %
Surplus:
Surplus fund M ss. .ooo. ooo No
Undivided profits. 762.S02e0
,,o,. -------- s.7s2so2sp
deposits
Due New York
State savings
banks ......... :35eos622I
Other deposits
cured by
pledge of assets. 100000
Deposits subject
to check. 49,. 1891 e65sl
Demand certif-
Gates Of deposit. 4o7os
Cashiers checks
outstanding, in
cluding similar
checks of other
officers ...... 57.02s33
Certified checks. 1878. 3Ss4O
Unpaid dividends ll71OO
Due trust com
panies. banks
and bankers. 5I70.s75.+7
Total deposits ....... 4I445so6la
Other liabilities. viz:
r for
taxes ;........ s11.22l3s
Accrued interest
not entered on
books at close
of business on
above date. S6400 %
Estimated un
earned discounts 117Ol2OO
------- I64.6S3.Ss
4ota! '''-..' '..->.......-.. s4e. 1878. .235 ss
New-York tribune., 1918-09-18

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., 1918-09-18

Commercial Papcr.-.Quiet buying of
commercial paper continues on a per
cent discount basis.
Bank Acceptances-The demand for
bank acceptances is only moderate.
Rates yesterday were unchanged, as
follows:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent. Per cent. Fer cent,
E ieible
me M ber
banks. .4I4@4 43s@4I4 49s@4A
f igib Bile
non-mem
Der banks4A@ @41s 42s@4h 43s@4s
eligible
bank bills5A@4 64@4M 5l@4sz
For delivery within thirty days:
Per cent
Eligible member banks. .4H
Eligible non-member banks. .... A5a
Ineligible bank bills. s
Discount Rates.-Tha following table
gives the current rates Of the twelve
Federal Reserve banks on commercial
paper ON all periods up to ninety days:
New-York tribune., 1918-09-18

London Money Rates. - LONDON
Sept. 17.-Money was unchanged at
per cent Discount rates were: Short
New-York tribune., 1918-09-18

Commercial Papcr.-Quiet buying O
CONNIE rcial paper continues on a pc
cent discount basis.
New-York tribune., 1918-09-18

az INC oIose ol business on The 10Th day ~
September, 1918: u
RESOURCES: