davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-05-08
FINANCIAL MEETINGS
THE LAKE ERIE AND WEsrrpr
RAILROAD COMPANY

peoria, HI, April 81 3est
NOTICE IS HEREBY GIVEN ths, !.
special meeting OF the stockholders of II.
Lake Erie and Western Railroad Ga
pany has been called and Will be- be;S'r a., =
the Company's principal Office in the e., :
Of Peoria, ILL.,, on "Wednesday. ths 81
day of May. 1918, at IL o'clock roou' q, 4,
the purpose of authorizing the executicp : :
a contract between the United Hsatss ! !
America and The Lake Erie and Wes,,s :
Railroad Company for the possession, ss
and control of its transportation proo..,
under and pursuant to an act Of conrrs
entitled, AN Act making approprisia,,
for the support Of the Army for tie A.
year ending June thirtieth, nineteen tr.
dred and seventeen, and for other ~,
poses" approved August 29th, 1915 ~
another act of Congress entitled, aAa h
to provide for the operation Of trauspo,;
tion systems while under Federal control %
the just compensation of their owness 81
for other purposes" approved March III
1913. and for the purpose OF considssh,
and acting upon all matters and Tim
incident to Federal possession. use. corts
and operation of said Company's trsasps
tation property.
BY order of the Board of Direction
DWIGHT w. PARDEE, SecretaYy
New-York tribune., 1918-05-08
Relevant Comment
U. S. Steel Again Sets Pace

United States Steel common stock
set the pace in the market again yes
terday. The momentum of that issue
was irresistible. Floor traders who
fought the advance for while and
made no progress at all finally de-
cided it best to go with the current
And as was the case on Monday, the
markets. speculative leader steadily
forged ahead all day long, closing right
and a net gain of 3A points. In re-
cent years it has been said that "as
Steel goes SO goes the market" That
was demonstrated yesterday beyond
the measure of a doubt, for the mar
ket's premier speculative stock carried
the whole list forward, and at the close
of the session gains of l to points
were common.
New-York tribune., 1918-05-08
Streetcars in the Iron CITY

The Peoples National Bank of Pitts
burgh points out in its current month
ly letter that the receivership of the
Pittsburgh Railways system, which oc-
Cured the latter part of April, is not
symptomatic of general financial CON
ditions in that community. "The Phil
adelphia Company, which owns the
Pittsburgh Railways" says the letter,
us one of the largest and most com
prehensive public utility concerns in
the United States. While the Pitts
burgh Railways bulks large in it's ac-
tlvities, it has from the start been the
least profitable unit in the system, and
In recent years, if it's equipment and
property generally had been main
tanned at maximum efficiency. the com
pany would have shown a greater loss
IN net income than revealed during
1917 and the first quarter of 1918. The
default in interest on some of the un-
DERIVING bonds last January prepared
the local financial public for the inev-
liable. The increase in passenger
fares which became effective recently
did not cover the deficit, hence the re-,
ceivership, which will necessarily re-
suit in reorganization, an event plainly
fOrcSeen for wears past"
New-York tribune., 1918-05-08
Money and Credit

A frmer tone developed in the call
money market at the Stock Exchange
yesterday, the ruling rate advancing to
6 per cent, compared with on Monday.
At the opening offerings of call funds
were meagre and the bankers COM
mittee loaned small amount of money.
Subsequently offerings increased and
the market closed at per cent. The
increasing firmness displayed was at
tributed to larger government with
drawals.
The market for fixed-rate funds
showed no change, rates for the regu-
lar securities holding firm around 6
per cent, with offerings extremely linn
tied.
Ruling rates for money yesterday,
compared with year ago, were as fol-
lows:
Yesterday. Year ago.
Call money .......... Fer 6 ssnt' 5Ss 5% cent
Time money (mixed collateraD:
Sixty days. 6 4Ia@4s4
Ninety days........ 6 4L2@4a4
Four months. ..... 6 AH@5
Five to six months. 6 4H@5
Commercial Paper.-Price paper of
four to six months maturity is being
discounted in fair volume at 6 per cent.
Bank Acceptances.-The demand for
bank acceptances continues active. but
rates are unchanged, as follows:
Thirty Sixty Ninety
spot dea days. days. days.
livery: Per cent. Per cent. Per cent
Eligible
m m Der
banks; ..4s@4 414@4Ls 4h@4h
e igible
non men,
Der banks.43s@4h 43S@4l4 Ah@4h
Ineligible
bank bills.sl4@4sz s14@4s4 5N@4M
New-York tribune., 1918-05-08
News Digest
Foreign

London Market Firm, but Qulet
LONDON, May THE stock mar.
was firm throughout There, W. :.
scarcity Of home securities. wnien ..s =
stricted business. Mining shares c,s. W.
buoyant under the leadership OF ~
ishings. Russian descriptions rees r.s,s
increased attention. Metal induss''s -
were in good demand. Otis steen II q
vanced points. Oils ruled ACTIVE s.
higher. Rubber shares quiet.
Paris Bourse.-PARIS, May 7.--As q,
ing was active on the Bourse t0Il H
Three per cent rentes, 30 irsns II
centimes for cash; per cent iosA' !.
francs 55 centimes.
New-York tribune., 1918-05-08
The New York Central Railroad I.

<1lSdliS, May 4, lsl1
NOTICE is Hereby GIVEN that ns
cial meeting of the Stockholders It III
New York Central Railroad Compav i,
been called and will be held at th ccs.
pany's principal office in the Union Dse.
Albany. n. Y. on Wednesday. the sN dJ
of June, 1918. at 12 o'clock noon, fu d
purpose Of authorizing the executirn 4 {
contract between the United States Of ana.
lea and The New York Central Ra.saa
Company for the possession, use and On.
troll of its transportation property Under ~
pursuant to an act OF Congress entitled IL
Act making appropriations for tho suwm
OF the Army for the fiscal year ending jus
thirtieth. nineteen hundred and seventies.
and for other purposes" approved Awx
2sth. 1916. and another act OF Congress e,
titled An Act 10 provide for the opersh7
of transportation systems while under Fs-
eral control. for the just compensation
their owners, and for other purposesa "
proved March 2lst. 1918. and for ths Er
pose of considering and acting upon d
matters and things incident to Fsdet
possession. use. control and operation Of ~
Colnpany's transportation property.
BY order of the Board of Directors
DWIGHT w. PARDEE, Secreta1.
New-York tribune., 1918-05-08
Peru to Increase Currency

LIMA, Peru, May 1.-The govern
ment has introduced in the Senate q
bill authorizing Peruvian banks to Is.
sue 100000 soils of circulating notes.
guaranteed to the extent Of 40 per
cent by gold held by the banks and GO
per cent by gold in the Federal Re-
serve Bank Of New York. The Federal
Reserve Bank will ship gold bullion
to Peru under an agreement reached
between the Peruvian and American
governments
New-York tribune., 1918-05-08
New York

Sugar Acceptances Go Quisnau. aoa :.
The initial Offering of s6,sbsvn~ca W rs
ceptances drawn under the slou.S,sh i
Cuban sugar credit made yestsros d
the selling syndicate CONSISTING ss.,l w
National City Company. serHs : nrss
Scholle e. Co., Solomon Bros. 9 a
ler and f. S. Smither & Go. -
in less than two hours.
City Sells More Notes. n,
learned in the financial distna
terday that the City OF New lctr st,,ise
Gently sold S5,0o0,o00 notes, mssfS "a
in July, on 4.6s per cent pa:,@ -.
proceeds were used for refundins
poses.
South Dakota Bonds Bought lhsssssst hs
Harris. Forbes & TO-, the Cohsesn;se1 he.s;se1
and Commercial Trust and -
Bank and Halsey, Stuart z !. ~ M ~ =
Chicago. have purchased s7
State Of South Dakets bondA
New-York tribune., 1918-05-08
THE NEW YORK AND HARLEM
RAILRO SD COMPANY.

New York. \. Y, april ~, lsIs
NOTICE IS HEREBY GIVEN that a
Eighty eighth Annual Meeting Of h
Stockholders of The New York and Hn.
lem Railroad Company. for the election {!
Directors and the transaction Of SUI
other business as may be brought Dtles
the meeting. will be held at the once 4
the company. in Grand Central TermnEs =.
in the City of New York, on TUESDAY y
21st day OF May. 1918.
The Poll will be open at IL O'CLOCK Noo'
and continue open for two hours tuev
after.
The Transfer Books will be clossd . :
o'clock p. NJ. on Wednesday. the IL ~ ~
Of May. 1918, and re-opened on the ms.s ss.s
ing of Wednesday. she 22nd day oI As'
1918.
DWIGHT w. PARDEE, Secretsu
New-York tribune., 1918-05-08
Complete Loan Reports Due Tomorrow

Tomorrow an issue of $500,0O0, 900
of per cent United States certificates
OF indebtedness falls due. They are the
last issue of 4s which were put out to
anticipate the third Liberty Loan.
There are four other issues of loan
certificates outstanding, all of which
bear intereset at the rate of 41a per
cent. Certificates issued in anticipa-
tion of taxes, however, of which there
are more than $1,400,0O0,000 outstand-
ing, all bear interest at the rate of 4
per cent. The banks tomorrow also
have to make an accounting to the
Federal Reserve banks for their loan
subscriptions. They are permitted to
use the certificates falling due to settle
the initial payments on the bonds.
New-York tribune., 1918-05-08
"Small Fry" Show Interest

Buying of Steel yesterday was de-
scribed as being of particularly good"
quality. By that was meant that the
sources of origin of the purchasing
orders were strongly backed At the
same time activity among small trad
ers in Steel was reported. 1t was as
serted that one of the so-called odd-lot
houses that makes it point to cater
to the whims of the "small fry" specu-
New-York tribune., 1918-05-08
TO THE STOCKHOLDERS OF
THE REALTY MERCANTILE CRWn
Association INC

YOU WILL PLEASE TAKE NOTICE
that q special meeting OF the STOCKHOLDERS
OF this corporation will be held Ct tas
office of the corporation. No. 33 West t!uc
Street, Borough OF Manhattan, City Of sss
York, on the 21st day of May. 1915, q u
o'clock noon. for the purpose Of tkS
action upon the proposal to reclasstfy "
preferred capital stock of the COMPANY ~
changing the designation. terms, cond'uo1
and the amount in each class thefem Y
set forth in the circular letter to Fccx
holders bearing even date herewith ~
for such other business may iaNsl
be transacted at the meeting.
Dated, New York, May 7th. 1913
By order Of the Board Of DirectosA
RICHARD EYRE, Presid9t
New-York tribune., 1918-05-08

ANDREW ]. MCCORMACK. Arcs,---S
REGULAR AUCTION sATr''
STOCKS AND BONDS.
BY ADRIAN H. MULLER 4 Gov
OFFICE. 55 WILLIAM sT
WEDNESDAY. MAY s, 1911
at 1890 o'clock, at the
EXCHANGE SALESROOM
NOS. IA and is vESEY STREET
For Account of Whom 1t Nav Cone.
80 shs. National Bank OF Cuha
$4,000 New Jersey Gas Co. Isl H.. =
Bonds, 1910. $ q
300 shs. New York -Oklahema IN =.
Is shs. The Celtic Real Estats ~ ~
1900 shs. Railways Company Censr.,
500 shs. Railways Company GensrsI
100 shs. Railways Company Genesl
$4,000 2Sth e. 29th Streets Crosstovn 5
Co. 1st Mtge. so Bds.-sa. IA ~ 3
on account (Ctfs. of Deposit.
New-York tribune., 1918-05-08
STANDARD MILLING COMPANY

COMMON STOCK DIVTDEND No ,
M y. y. City, April 24th, 1915.
t.dh dne third installment OF Two Per Cent.
SSssp =. .. tIss In cash and "a in stock) of the
r. rnsne ier Cent. tsFe) dividend upon the
common Stock OF the Standard Milling
Ssto,mnpany ION which was declared on October
1913. to the Common Stockho,ders 81 recnrS
~ the Close OF business on May 2lst 1918.
Shecks and certificates will be mailed.
JOS. a. KNOX, Treasurer.
New-York tribune., 1918-05-08

FINANCIAL MEETINGS

THE ANNUAL MEETING CT THE STOCK.
holders OF the STANpARp GAS LIGHT
VIII be held al the Office of the Company
Eocfn No. 2o6. No ia0 East 18th Street.
New York city, on "Wednesday. May ssh.
1918. at f2 o'clock NJ. for tho election OF
Directors and the transaction OF such other
business may come before the meeting,
JOHN E. SANBQAN. Secretary.
New-York tribune., 1918-05-08

The above rates express the cost OF
foreign money in terms of the .Ameri-
csn dollar. You buy an English pound
sterling at, say. s4.75as. The intrinsic
parity is s4.865s per pound. Thus you
say either that pounds are at discount
or that dollars are at a premium, which
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., 1918-05-08
STANDARD MILLING COMPANY

PKEFEKKED STOCK DIVIDEND No a
~. Y. City. April 24th, l9i8
The Board of Directors Of Standard Min.
ing Company. have this day declared !
quarterly dividend of One and One Hail
Per Cent. 0z%) upon the Preferred STOCK
OF this Company. payable cut OF the earn.
ings for tho current fiscal year on NAV
S1st. 1918, to Preferred Stockholders al
record at the close OF business on May 81 lst
1918. JOS A KNOX. Treasurer.
New-York tribune., 1918-05-08
----------
DIVIDEND NOTICES
THE noApn or nrp,,,.rona :.

THE BOARD OF DIRECTORS OF THE
American Cotton OIL Company on Nav ?
lsls. declared a sem-annual dividend OF
,hree per cent. upon the Preferred Stock.
ana quarterly dividend OF one per cent
upon the Common Stock OF the Company.
both payable June i, 1918. at the Bankine
nouse OF Winsiow, Lanler g. Co., SO Cedar
street. New York City. to holders of record
oI kuch stock at the close OF business on
May is, 1918. va
The Stock Transfer Book. OF the Com.
pany Will not be closed ~
RANDOLPH CATLIN Secretary
New-York tribune., 1918-05-08
Stock and Bond Averages

lators and investors had put in orders
during the course Of the day for ap-
proximately $4,000 shares Of Steel. In
some quarters this was accepted to
indicate an increasing participation in
the market on the part Of the public.
New-York tribune., 1918-05-08
New Liberty Bonds To Be Listed

1t is expected that trading in the
new Liberty AZ per cent bonds will
begin on the Stock Exchange Friday.
This is made practicable by the fact
that tomorrow $500,000,000 of per
cent OF United States Treasury certifi,
Gates of Indebtedness, the last put out
to anticipate the third Liberty Loan.
will mature. The first instalment on
the bonds was fixed at minimum of
per cent, but preparations are being
made at the Federal Reserve Bank to
handle large number of payments in
full.
New-York tribune., 1918-05-08

The 1917 surplus available for div
idends was equal to S11S9 share on
the Northern Pacific's $248, 900 900 cap
ital stock, compared with $10.86 a share
earned in 1916. julie M Hannaford,
president of the road, said in the re-
port that 10 per cent of last years
gain in operating revenues accrued
during the first six months.
"These figures" he added, "show con-
clusiyely that the increase in revenues
was largely from transportation other
than crop movements. The increase
came largely from lumber and other
forest products and from manufactured
goods, especially of iron and steel. The
movement of munitions and govern
ment freight, large quantities of export
freight and the diversion of food
products from ocean routes via the
Pacific to the Atlantic and export from
there account for large part of the
increase"
In reference to the placing. Of the
road under Federal control, Mr.. Hanna
ford said: "The results Of your corn-
pany Tor the three-year period ended
June oo, 1917, were such that the gov
ernment guaranty provides an amount
suHiclent 10 pay expenses, taxes, in
terest on bonds and other fixed charges
ana per cent dividend upon the
STOCK. as at present, with a substantial
margin in addition. A contract will
IN due time, be completed between the
government and your company to make
enective the provisions Of the govern.
ment guaranty"
New-York tribune., 1918-05-08
OFFICE OF
THE NIAGARA FAILS pOuEp r,o

10 Broad ST. New York, May I. 19Is
a, meeting cs the Board Of Directors
Q! this Company. held on the 7th day Of
the capital stock OF the Company was de- n"
ciared from the surplus net profits. payable
on the lst day of July. 1915. to stockhold
cts 81 record az the close Of business on
the 18th .day of June, 1918. VII
II. l., IOyEr Af.r Sae~o.,
New-York tribune., 1918-05-08
The Dollar in Foreign Exchan9.

Exchange on Switzerland continued
to display strength yesterday, Swiss
francs advancing to 4.19 for checks, a
new high record. Italian lire were
easier again at 900 for checks. The rest
Of the market was unchanged.
Paris exchange on London yesterday
was q francs 1914 confines, a decline
Of u centime.
Closing rates yesterday, compared
with a week ago. follow:
Quoted dollars to the pound.)
New-York tribune., 1918-05-08
Government Freight
Swells the Northern
Pacific Income
Surplus in 1917 Exceeds That
Of Previous Year, Report
Shows

An increase of $6,11O,397 in nom
operating income enabled the Northern
Pacific Railway in 1917. to gain $685.
676 in surplus available for dividends.
The annual report issued yesterday
showed an increase of S7,944,383 in
gross operating revenues. but there
was loss of $3,524,182 in operating
income because of an increase of $11,-
468,565 in operating expenses and
taxes.
The increase in incorporating income
was due principally to the declaration
last fall of an extra dividend of 10 rer
cent by the Chicago, Burlington &
Quincy Railroad. AS the owner of $685.
s06,750 of the Burlington's capital stock
the Northern Pacitic's share of the ex-
ira dividend disbursement amounted to
$5,3s0,67 The 1917 income compares
with the preceding year as follows:
New-York tribune., 1918-05-08

Discount Rates.-Thc following table
gives the current rates of the twelve
Federal Reserve banEs on commercial
paper on all periods I'D to ninety days:
New-York tribune., 1918-05-08

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., 1918-05-08

Current reports indicate that the
volume Of retail mercantile trade
has not been materially affected by
the thrift campaign that has been
going on for nearly year. The de-
mand for spring and summer milli-
merry is unabated. Expensive shoes
cannot be made fast enough to meet
the call for them-the higher they
go in price the greater the demand.
Articles of luxury move from pro-
ducer to consumer with scarcely a
pause on the journey. 1t is the
natural result of inflated wages in a
nation that has never learned to save
and is slow to understand the ne
cessity Of self-denial. Yet there is
possibility of change in this re-
spect, speedier than could have been
expected, before it was realized that
the country had responded in an
astonishing way to the governments
third appeal for war funds. While
definite statistics are not yet avail
able, it is probable that at least
100000 subscriptions were made
through the purchase of coupon
books or upon other weekly or
monthly payment plans. That means
that millions Of people will have to
save a definite amount out of each
weeks earnings, and that, in turn,
means that retail trade is going to
be affected. Personal economies ON
such large scale as they will be
practised during the next year can
hardly fail to result in sharp cur
tailment Of the sales of all articles
of luxury.
New-York tribune., 1918-05-08

Finance Economics

The impulse given to the stock
market by the success of the Liberty
Loan carried through yesterday; in
fact, the advancing movement
gained momentum, while the volume
Of trading expanded considerably,
the total turnover being the largest
In several weeks. United States
Steel common was again the centre
of interest, advancing 81 points
and closing at the high point-the
second successive day in which that
has happened. Transactions in this
issue reached 289, 1900 shares, sub
stantially more than the total deal
ings in all stocks in many recent ses-
sions. 1t was highly encouraging
exhibition, and yet there was moth
ing to indicate that public interest
in the market has been greatly
stimulated by the more or less spec
tacular rise Of the market leader and
the strength impaired to other
stocks by it's performance. Here and
there it was reported that "out-
siders" were making inquiries, but
apparently all but a comparatively
small part of the trading came from
what one broker described as "pro-
fessional and semi-professional"
traders. He found much cheer in
that because even the "semi-profes-
sionals" have been noticeably absent
in the last three or four months.
New-York tribune., 1918-05-08
For delivery within thirty days:

ct CcNC,
Eligible member banks ..... 4N2
Eligible non-member banks..... 45a
Ineligible bank bills. 6
New-York tribune., 1918-05-08

Silver.-Bar silver in London was
49Md, unchanged; New York, 99Ac,
unchanged; Mexican dollars, TIC, un-
changed.
Sub-Treasury.-The banks lost to the
Sub-Treasury Yesterday $4,000.
New-York tribune., 1918-05-08
inclusive. inclusive

Bank Clearings.-The days. bank
clearings at New York and other cities
were:
Exchanges. Balances.
New York. 80. .$603, ,632,613 $47 SOP, ,eS9
Boston. ....... 49,863,91S 8O53,3o4
Philadelphia. 56,371,933 11,798,872
New-York tribune., 1918-05-08
Market Barometers
Stock Exchange Transactions

Januufy ] 60 daCe:
1918. .. C, 5,o4e,3oo 37,77e,ooo 42,s25, 300
1872. .7,6108OO 59,O4O,4 400 66,651 200
1915. ..7,a1e,7oo 64,sse,ooo .e2,7o2, ZOO
Bonds
Day Year
Yesterday. before. before.
Gov'nts. $3,218,OOO $1,896,0Oo
Rails.... $4,000 443,ooo $1,18e, 900
Others. 1,277,00O 1,157,0oO 100000
All bonds 5,184,o0o 3,496,000 100000
La prensa. [volume] (San Antonio, Tex.) 1913-1962, 1918-07-26
HA CONTLNUADO
Ia RETLRADA
ALEMANA
Al Norte del Marne ante
Ia preston de las tro-
pas franco americans

CON Ell EJERCITO AMERICA
NO EN- Ell FRENTE DEL MARINE,
Julio 25.-Las tropas franco-ameri-
cans avanzarcn su Inca e<ta mana
ma al norte del rio Marine, mas firme-
mente. Los alemanes han continuado
81 movimiento de retirada hacla el
norte.
Los franceses Y los americanos
tambien han hecho avances en- otros
sectores de csc irente de batalla de
cincuenta y cinco millas que compren
de Ell saliente del Marne. Los alema-
mes han estado resistiendo con obsti-
naci6n tenaZ, cast todos los ataques
de los aliados, pero siempre han re-
tirado 81 Inca en- algunos punros.
Las tropas a!iadas en- el terreno que
Sc halla al norte de Chateau-Thierry
estan ahora prestando memo aten-
ci6n Z la destruction de los nidos de
ametrailadoras enemigaS Y cstari
avanzando su Inca cntera. Solamen-
re peqleHos dest2camentos Sc estan
dcjando para Impair el terreno de
SOS r:iCS.
La prensa. [volume] (San Antonio, Tex.) 1913-1962, 1918-07-26

NADIA resisteacia alemana Y Ia quebra-
ia topografia del terreno, constitu-
yen dos obstacQlos para el c!srre de
las tenazas en- el otro iaGo de! TRAN
guIo, pero Ia firme preston de los
ejercitoS aliados csta hacienda que
las masas enemigas desalojen rapida-
meate esa area de terreno.
Los informes indican que el Alto
Mando alenan ha emp.eado hasta
&!ho-a SeSenta Y cuatro divisioneS en-
a lucha que Sc dcsarrolla en- csc fren-
&c y que representa- parte dc los CRU
pos de ejGrcitos alemanes que Ocup&n
e! frente de FIandes 4 Ia AlSac;a.
Esas sesenta Y cuatro divisiones cons-
tituyen cast Ia tercera parte del efec-
two disponi5le de AIemania.
En- los circulos autorizados de esta
capital. Sc eypreSa la opinion de que
Alemania ha llegado va a 10 que pu-
diera rramarse, emprender Ia cueSta-
baio de 81 poder en- Electives.