davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-03-02

S253.703 for 1916. Dividends amounted
to $Sl,90s. Surplus was S159,19S com
pared with $253,70 for the previous
year
S. S. kresge Company.-Sales for
the year ended December 81 last
amounted to $3O,O9O,7 200, compared with
$26.39S,54S for 1916. Net earnings
were S1.860,988, or S17.20 share. com
pared with S2,129,34S, equal to S1es9
a share, for the year before Dividends
were $4,000. compared with S427, 800
for the previous year. Surplus was
Sl,320,9S8, compared with S1,701,s48
for 1916.
Oklahoma Natural Gas COMPANY
Report for the year ended December
81. 1917. shows a balance of S1e135
after dividends of S557 ,266 had been
deducted. Surplus amounted to $573,-
lOl, compared with S39O.636 for 1916.
Canadian Pacific
Net NEUTRALITY-SUSPICIOUS.. t.167,ee3 2431 AIS
Buffalo & Susauehanna
January gross ...... S193.664 S130 7O7
Net ................ ~. .544 27.406
surplus ............. 5 POS 68 481
Cleveland Electric Illuminating Company
1918 1917
January gross ....... $794.3 .3o9 sso2. SOP
Net ....-.....-..... 2o2, ,d70 16+ 8oS
surplus ............. 111,053 81 700
Twelve mos gross. -. 7.O55.694 524o3 325
Net ................. 2,O55.6o4 2O46 .Ooo
surplus .'......,... e31,o75 1850 ass
New-York tribune., 1918-03-02

Silver.--Bars in London were quoted
at 4212d, unchanged; New York, S5Ac,
unchanged; Mexican dollars, Csc, un-
changed.
Bank CIearings. bank clear
ings this week at the principal cities in
the country amounted to s4,576,430,- :
ISL, according to K. G. Dun e. Co., q
New-York tribune., 1918-03-02
Money and Credit

Pronounced frmness characterized
dealings in the call money market at
the Stock Exchange yesterday, all loans
being placed on a fat 6 per cent basis
compared with 51a on Thursday The
bankers money committee was active
and loaned substantial amount during
the course Of the day. The strength
of the call money position was attrib-
uted to the heavy repayments by the
banks Of government deposits and sub
scriptions to the certificates of indebt-
edness, which, it was believed, would
be reflected in reduction in the Clear
ing House surplus reserve.
Practically no funds were offered in
the market for fixed maturities yes
terday and rates remained unaltered at
per cent. A few renewals were re
ported at this figure.
Ruling rates for money yesterday,
compared with year ago, were as fol-
lows:
Yesterday. Year ago.
New-York tribune., 1918-03-02

I me above rates express the cost Of
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling at, say, S4.75{SS. The intrinsic
parity is $4.S63s per pound. Thus you
say either that pounds are at a discount
or that dollars arc at a premium. which
IS owing to the facy rnat in England
the demand Tor 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., 1918-03-02
New York

Pittsburgh. Shawmut & Northern
Protective Committee.-A protective
committee, composed OF c. A. Austin,
chairman; Charles S. Sargent, jr, Ed
ward K. Tinker and John l.. Kemmerer,
has been appointed for the receivers
certificates of the railroad The COM
mittee requests holders of the certif-
icates to deposit them and urges that
the contemplated extension to be asked
on the payment due yesterday be not
accented
New-York tribune., 1918-03-02

There is no mystery about the
particularly bad January report of
tie Pennsylvania Railroad when it
is read in connection with statistics
published by "The Railway Age
Gazette" showing the effects Of
weather on transportation. The
storm reduction in the average
tonnage carried a freight train
vas, on the Maryland division, 36
.fer cent; on the Philadelphia divi
Son, % per cent; on the Middle
division, IT per cent, and on the
Pittsburgh division, 3S per cent.
New-York tribune., 1918-03-02

class of work insures a supply of
fabrics not greatly below normal. In
his comment on the financial situation
Mr.. Jay confirms the statement recent
ly made that Withdrawals of funds by
out of-town banks in connection with
subscriptions for certificates of ndebt
edness were responsible for the heavy
reduction in excess reserves OF the
local clearing house banks.
New-York tribune., 1918-03-02

Commercial Paper-This market was
quiet yesterday, with rates holding at
5 z to per cent
Discount Rates.-Ofic:al rates o.
discount for each of the twelve Fed
eral districts are as follows
New-York tribune., 1918-03-02

A letter from a Western CORE
spondent remarks that the saving
of coal on heatless Mondays was
meagre. and cites the experience Of
q large department store, which
consumes an average of $50 tons
of coal daily. On heatless Mondays
its consumption dropped to 1875 tons
and on Tuesdays it rose to 160 tons,
the net saving being five tons. And
the weekly sales decreased more
than 100000, or over $4,000 a
ton of coal saved.
New-York tribune., 1918-03-02

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., 1918-03-02

ANDREW ]. MCCORMACK. Auctioneer
REGULAR AUCTION SALE.
STOCKS AND BONDS.
BY ADRIAN II. MULLER & son.
wEDSEsDAY. ED \? MARcm Ist1n NJ 6, 1918.
at 12:3o O'Clock. at the
EXCHANGE SAJESROOM
Nos IA and 16 NESEY STREET.
For Account of Executor
$50 shs. BROOKLYN Jockey Club
shs' s S9okey Ss,k'1s Siuh: duarez' a,s S A.
30 shs Metropolitan Jockey Club.
so shs Westchester Racing Assn.
$4,000 Metro9olitan ''ockey club Sc
100 shs. w. G. & L. q Murphy Co.,
For Account of Whom Tt MAY Concern.
$50 shs. Lawyers Title &. Trust Co.
90 shs. Derwont Realty Corpn.
$4,000 Chicago & Northwestern Ry. Gcnl.
Mtg ~ Regstd. Bonds 1887, un-
$500 Lggett & Myers Tobacco Co SCI.
Regstd. Bond. 1851.
$4,000 Island on & Transport Co. 7sa Coll.
Trust Notes. 1920
ss5,ooo tennessee Rwy. CO. 1st Mtg. Sc.
Bonds Ponds Sept: 1911. coupon on,
$4,000 Note New River Coal & Coke Co.
dated June 4. 1910. payable 4
months: endorsed by p. b. scand-
rett e Bird NJ. Robinson.
"A shs. Hartford Steam Boiler Inspec~
ton & Insurance co.
"A shs. Columbia Knickerbocker Trust
o. f6PHeHrlal Gus.
shs. Metropolitan Bank.
1000 shs Mogul Mining Co.
$50 shs. New Utah Bingham Mining
Co. last assmt. &c. per share unpaid
500 shs. New Utah Bingham Mining Co
last assmt. Sc. per share unpaid.
rs shs. Federal Co. Inc. prefd
For Account Of James ". Ballard, Receiver
OF The keystone Guard
$50, 900 susquehanna Coal & Coke Co.
Bonds.
entire assets of the Audubon National
Bank Of n. Y. including stocks
bonds. notes & accounts receivable,
judgments. chooses in action &.
records of the Bank, directed to be
sold by the United States District
Court for the Southern District OF
New York.
New-York tribune., 1918-03-02
Big Explosive Business

"The continuation of the European
war; says the report, "has made it
necessary to count as more or less
permanent the large volume of busi-
ness developed by Z. |. du Pont de
Nemours g. Co. since the year 1914
Though military powder orders will
undoubtedly decrease at a no distant
date, the directors believe that the
company has established a volume OF
business for the future that will pre-
vent a return to the comnarativelv
small transactions of the years prior
to 1914.
AT the beginning of our military
powder expansion, continuation of the
war and OF war orders, was condition
of extreme doubt. 1t was, therefore,
necessary to ask compensation com
mcnsurate with business hazardous
both IN manufacture and Likelihood of
It's continuation. The fact that the
performance of our employees under
difficult conditions was extremely salts
factory has entitled the company to
the large compensation earned, and our
customers among the warning nations
OF Europe do not begrudge us the re-
are grateful for the good service that
has been rendered them. A large part
of the profits arising from the mil
itary business of recent years has been
reinvested in the expansion of the
companys affairs. so tha. to- DAYS prof
It's must be measured in comparison to
capital Employed exclusive Of good
VIII, of $40. 1000, as against a total
OF Sol 300, 900 prior to 1914
During the past summer negot,a-
tons were entered for the erection OF
large powder factories for the United
states government. On October -
these negotiations eliminated in an
order from the Ordnance Department
of the United States Army for the con
stfuction and operation of two or moro
plants whose aggregate capacity was
substantially that Of our existing fac
tories. Shortly after the placing OF
TINS order the Secretary of War re-
4ucsted halt in proceedings until the
details of the contract could be care
fully examined by him. This examina-
ton resulted in cancellation of the
original order, allotting work on one
OF the two proposed plants to othe,
contractors, and on January 80, 1918. 3
new contract was entered into with the
du Font Engineering Company, a sub
sidlary Of +. |. du Pont de Nemours &
Co.. to construct the second plant.
During the period that has elapsed
since the breaking of relations with the
German government our company has
prepared to meet demands for increa sed
production of explosives. Elaborate
and careful examination was made in
search of available sites for powder
factories, so that when the government
was ready we were in position to sup.
Eest two admirable sites, both of which
nave been selected for government fac
torles-with consequent saving of time
IN the meantime very large increase
has been made in our own productive
capacity of military powders. This in.
crease equals 40 per cent of the com.
bined capacity of the above ec
Two new factories now being construct.
cd for the governments"
New-York tribune., 1918-03-02
L. S. Steel Bond Drawing

J. P. Morgan e. Co.. as sinking fund
trustees, have just completed the sixth
annual drawing of bonds for the sink
ing fund OF the United States Steel
Corporation ten to sixty year per
cent sinking fund gold bonds. There
have been drawn for redemption 81 .S34,-
900 bonds at 10 and interest on May l.
Prior to April /, 1913, the Steel CO.
poration purchased these bonds for the
sinking fund, but since that date the
requirements haze been met by draw
ing the bonds at premium of 10 per
cent by lot. The bonds purchased and
those drawn by lot to date amount to
S21 ,S35 900, so that the amount now
outstanding is SITS, ,165, 900. AS pro
vided in the indcnture dated April |.
1908, the sinking fund trustees receive
in addition to the interest on the bonds
an annual payment from the Steel Cor
poration Of 1901 600 to be applied
toward their redemption.
New-York tribune., 1918-03-02
United Fruit Company Anticipates

Note PAYMENT company has au-
thoriZed its bankers, Lee, Higgnson
& Co.. to anticipate payment of its
S10,000,o00 notes, due May /, provided
the proceeds are used to buy United
States Treasury certificates of indebt-
edness issued in anticipation of the
neXt Liberty Loan
New-York tribune., 1918-03-02

decrease of SO per cent compared with
q year ago.
Bank Clearings.-The days bank
clcarings at New York and other
cities were:
Exchanges. Balances.
New York 80. $685. 1927, ,029 S81,776,652
Boston. 45,129,759 6632. .220
Chicago. o.... 1o0,4s9,e0l 82o4,843
St Louis. ...... 26.524,602 66O6, ,381
!. Sub-Treasury.-Thc banks lost S155,-
600 to the SubTreasury yesterday.
Bank of Francc.-PARIS. Feb. 90
The weekly statement of the Bank Of
France, with the changes from the pre-
ceding week follows, in francs:
Gold =. $3.50, $4,000 Inc. 1,511,C0o
silvcr.. 256, $4,000 Inc. t,415,ooo
Circula n 24,2O8, ,2o2, 600 Inc 322, ,02o,0Oo
Gen dep 2,eOo, 10000 Dec. 26.873.CO0
Try dep. 52,11Sooo Inc. 32933, 600
Bills dis. 2,431. 600 Inc 361 600
ADV, etc. 1,149,963o0O Dec. 42,193,Cco
London Money Market. - LONDON.
March 1.-Money was in plentiful sup
ply at per cent. Discounts were easy,
with short and three months bills
quoted at Is per cent.
The Dollar in Foreign Exchange
Exchange moved sharply against Italy
again yesterday, the rate falling to S.S6
lire to the dollar for checks, compared
with SO the preceding day. This is
the lowest the lire rate has touched
in several weeks. Selling of lire bills
from London was reported as one of
the contrIbutory influences in forcing
the rate lower.
Other exchange rates were little
changed, with fair amount of business
being done.
Closing rates yesterday, compared
with week ago are given in the taDle
below. American bankers have sus-
pended all dealings in German and Aus
trian exchange, SO that daily quotations
for either marks or kronen are TO
longer available
Quoted dollars to the pound.)
New-York tribune., 1918-03-02
Indorses Capital Issues Committee

The administration committee of the
American Bankers Association came
out yesterday with strong indorse-
mcnt Of the work of the capital issues
committee of the Federal Reserve
Board. The resolution adopted said ::
"Whereas, the Secretary of che Treas
ury requested the Federal Reserve
Board to take up the question Of a
limitation of the issues Of new securi-
ties throughout the United States along
the lines of the conservation Of capital
for the prosecution of the war that is
to say, to limit so far as possible the
issue of new securities for non-cssen-
tial purposes, in order that essential
financing, including the government
financing itself, can be made possible
and whereas, pursuant thereto, the
Federal Reserve Board has named Mr..
Warburg, Mr.. Delano and Mr.. Hamlln
on a committee to be known as the
capital issues committee, now, there
fore be it resolved. that we. the admin
istrative committee of the American
Bankers Assocition, arc in full accord
with this movement and give 1T our
hearty and unqualified support, and
further, that we recommend to the
members of the American Bankers As
sociation that they also extend their
hearty support in carrying out the pur-
poses for which the capital issues
committee was appointed.
New-York tribune., 1918-03-02
Heavy Shri11kage
In Profits of Bic
Powder Makers
Du Pont, de Nemours & Co.
Show Earnings Of $780,
1882 for 1917

Earnings of T. I. du Pont de Ne
mours & Co. fell off sharply in 1917
according to the annual report issued
yesterday, showing profits of $49,112
952, equal to approximately IL per
cent on the capitalization of S119744,-
5S2 In 1916 profits of the corpora
tion amounted to $S2,O13,019 or about
6S per cent on the same capitalization.
OF the total earnings for the year the
report says that $50, 100000, or 80 per
cent is credited to savings resulting
from improved methods of manufacture
of military powder The du Points are
the largest producers of explosives in
the country and are employed on large
contracts for the United States and the
Allies. The report asserts that the
corporation has been able to offer its
products to the government at prices
substantially lower than those Of pre-
war times, although the cost of raw
materials has increased much more
than 100 per cent.
The balance sheet Of the company
shows cash, accounts receivable, ma
terials and finished products of Sl45,-
02S,674, compared with S92325, ,lO3 at
the close Of 1916 Investments in short
term notes and quickly marketable
securities arc given at S30,679 1856,
against $57,172 $40 the year before.
Securities held for permanent invest
ment amounting to S16.S85, ,O99 show a
shrinkage from 1916 of nearly $40 .OOO,-
600. Total assets are estimated at S263,
393 ,195. against S217,851,6 $40 at the end
of 1916. The company paid 81 per
cent in dividends last year This com
pared with 100 per cent in 1916 and
80 per cent in 1915
The report shows that the company
bought $3.50, 900 of the first Liberty
Loan bonds and $40, ,407 900 of the sec
ond loan offering.
Now Making Dyes
Emphasis is laid in the report to the
entrance of the company into the dye
manufacturing industry. A number OF
important dyes are already being man
ufactured and it is expected that large
quantities Of these products will have
been turned out before the annua
meeting of the stockholders takes
place. This business is closely alliet
to that of the manufacture of explo
slves and the company expects it will
substitute in a substantial manner
the loss of the military business afte,
tn war.
Purchases of nitrate lands in Chile
have been made to such an extent, the
report states, that it is expected tht
company will soon be in a position tc
produce all the nitrate used by it il
normal times. The opinion is expressed
that the numerous enterprises in which
the company is interested warrant the
continued expectation that the is pei
cent dividend declared last year car
be maintained under normal conditions
after the War
New-York tribune., 1918-03-02

Imitation, contemporary solemn
ly informs us, is nothing but a
theory; so why be concerned about
it? But commodity prices perverse-
ly keep on rising with the expansion
in the volume of currency and
credit, the currency of business.
New-York tribune., 1918-03-02

body has repeatedly expressed itself
in a similar manner.
The bank does not subscribe to
the cheerful view that stocks are
bound to go up as result Of the in
flation which would be created un-
der the bill, believing that there are
more who hold this view "than there
are who understand that to what
ever extent the act has influence
upon industrial conditions it will
increase the amount the govern
ment must raise by taxation and
loans"
New-York tribune., 1918-03-02
Little Corporate Financing

Corporate financing in February ag-
gregated s62 1000, 900, compared with
S250000,00O in the corresp spending
month of 1917 The large decrease was
due to the pronounced restriction Of
corporate borrowing of all kinds owing
to the war demands of the government
on the capital market. OF the new
securities issued las. month approx
mately S45 100000 were in the form of
short term notes. The average interest
rate on the notes sold during the
month was around per cent
New-York tribune., 1918-03-02

London Money Market. - LONDON.
March Money was in plentiful sup
ply at 3 per cent. Discounts were easy,
with short and three months bills
quoted at 33s per cont
New-York tribune., 1918-03-02

Sub-Treasury.-The banks lost s155,-
600 to the SubTreasury yesterday.
New-York tribune., 1918-03-02

Bank of Francc.-PARIS, Feb 90
The weekly statement of the Bank of
France, with the changes from the pre-
cedng week follows. in francs:
Evening journal., 1918-12-06
ACCUSED POLICEMAN
HASSECONDHEARING
Chester Scandal Aire d
Again With Defendant
on Witness Stand
WILMINGTON GIRL
IS CONCERNED

CHESTER.n Pa, Dec. 6.-Hearing OF
testimony in the Chester police scandal,
resulting from the outgrowth Of an al
legged assault Of a Wilmington girl in
DeshOng Park, was resumed yesterday.
Patrolman Samuel Scott, charged with
neglect OF duty, refusal TO make an ar
rest and conduct unbec0ming an officer,
was the principal witness in his de-
fense. lie admitted he was told in a
restaurant that a crime had been com
mitted and a commotion was going on
nearby, in Crosby street, and after go
ing TO the scene neglected 10 make an
investigation.
The effort TO inject the alleged ne
glect OF duties OF Patrolman John Cos
grove and Mounted Officer Arnold Nc
Neil in the hearing was temporarily
shelved by Mayor Mcdowell. who said:
I'VE haven't reached that yet. II may
come later"
John Vance, chief OF police, showed
an unwillingness 10 testify Several
times Mayor Mcdowell sent messenger
out for the police chief, until the
order was finally sent that he must NOS
delay his visitation any longer. The
chief took the witness stand and gave
Scott a "clean bill OF health" regarding
his abilities as an officer.
Decision was reserved by Council until
next Mondays session.
Evening journal., 1918-12-06
BIBLE CLASSES GIVE SOCIAL,

The Philathea Bible Glass and the
Baraca Bible Glass OF Union M. 4.
Church met last night.at the home OF
Mrs. Robert Delaha. No. 6i8 North Har-
rison street. The meeting was well at
tended, about 40 persons being present.
The Baraca Glass wrote number
Of letters 10 the members Of the class
who are In service overseas. The reg
ular business meeting was held Rob-
ert Delaha presided over this class.
Election OF officers resulted as fol-
lows: President, Mrs. Edward Layton ;
vice-prssident, Miss Gertrude Carter;
treasurer, Miss Bessie Jones; secretary,
Miss NJ. Gertrude Carter; chairman
membership. Miss Anna Hanley; chair
man Of devotional committee. Mrs.
Harry Wilson; chairman or sewing cir
Gle, Mrs. Anna Stroup; chairman Of
class, Miss Marion Gossan.
The next meeting will be held on
January 2
Evening journal., 1918-12-06
TEACHING ENGLISH
TO FOREIGNERS
DR.. H. H. Coldberger Tells
OF Best Methods En-
ployed Elsewhere
TALKS TONIGHT OF
ADVANCED WORK

DR.. Henry H. Goldberger. Of Columbia
University, instructed the Americaniza-
tion Institute In his second lecture in
the High School Annex last night, on
The elementary lessons in teaching
English to foreigners. Tonight he VIII
develop the method for more advanced
work and win take up the teaching Of
reading.
DR.. Clifford j. Scott introduced E. e.
Back, chairman Of the Pennsylvania
Americanization committee, who an
nounced that at the request Of his COM
mittee DR.. Goldberger had promised to
prepare a course Of lessons in English
for the Americanization work In Penn
sylvania. He also spoke OF the duty Of
America to see that the boys Of foreign
extraction, who had proved themselves
such true Americans with the Pershing
forces should have good American
homes to come back TO.
Dr.. G0ldberger recommended the
Gouin method. in the first lessons. It
does away with the need for an inter
prefer. He warned against keeping up
this method beyond the first few weeks,
as IL would lead the foreigner 10 acquire
an unnatural set form OF speaking On
tt4o cAntHA AC NA4tANictQ llc IdlIp Up
ton lessons.
This method consists Of few short
sentences about a central subject that
can easily be acted out or shown by OBJ
jects. Each sentence must contain only
one thought, and must suggest the
thought OF the next sentence. First
teacher and then pupils read and act
out the lesson repeatedly until It is
memorized
The speaker condemned the teaching
OF vocabularles Of individual words, and
the translation method, as not giving
the student sufficient associations to re-
member the words or to use them in
speech. He objected TO spending much
time upon securing great purity Of ac-
cent from the average pupil. II bored
the adult students, and they would stop
coming TO the night school, One adult
foreigner told him. "In our shop. they
let you speak English any way you
want to so long as you don't cuss."