davidaulloa/AmericanStories huggingface dataset:
The sun., 1918-08-10
FINANCIAL NOTES.

nrace China Company. a corporation OF
Delaware with $500. 900 capital, has been
formed to represent tho interests OF W. r.
trace g. Co, of which Il is to be
SUBSIDIARY, In the Far Eastern Republic.
The State Bank OF New York has in
600. 00o '''' ''''''''' ~ Vs.
:. Coverly, Sprr,o- G Krake, Inc. OF New
lork have hcop Nartered in Albany and
VII do brokeIagn business. The dlrec-
VIZ Uic are W. %. Coverly. II. Spencer and
The syndicate headed ny Harris, Forbes
q 90" the First National Bank OF New
hGtk and Iadenburg, Thalmann & Co,
which recently offered the $40. 900 900 Du,
nnesno Light Company three year 8 per
notes have been sold.
inc Federal reserve board has admitted
- Its system the Jefferson Trust Com
phhy OF Hoboken. with resources Of $780,
,bp and the Rosstord Savings Bank OF
The Cerro de Pasco Mining Company
rt1auced In July 5.sss 900 pounds Of cop.
paT compared with 5.s7t,0oo pounds In
Tho Ray Consolidated Copper Company
r.r..fts for the second quarter Of tho cur
re- year net operating pronts Of s2,ls2,.
quartcr
In July the Ins2,-~~sQ Copper Company
produced 1000, or0 pourS Of copper, com
p'ten With io.soooo0 pounds in June.
dured n July 100000 pounds OF copper
hhn 1000 300 pounds In june.
In the eve months ended May n net
tlfninss ~ the waiworth Manufscturina
nThE"hy of Boston amounted TO $SfA,b66
ne ny. months earnings were at the rate
OF s2sa7 900 nor snnunl. which would com
i4ssis.
The sun., 1918-08-10
FIRMER TONE MARKS
TRADING ON CURB
War Order Shares Most Prom
inent and Maintain Early
Advances.

A hrrner tone marked the trading In
the market for curb securities yesterday,
the main factor of tho trading being the
news of the allied successes in the
Picardy and Flanders front. The war
order shares were the most prominent
and maintained the early advances.
while the rest OF the list generally re-
acted and lost most OF the improvements
recorded at TIE opening. Price move
ments were still within narrow limits
but there were a few exceptions.
Aetna Explosives sold fractionally
higher at TIE opening. with renewed re-
ports OF larger earnings for the company.
Wright Martin Aircraft and the other
war stocks were steady There was a
coed demand for Maxim Munitions on
reports of new large war contracts
Chevrolet was a firm spot, rising several
points and within easy reaching dis
lance OF its high price for the present
year. TIE other motors were dull and
reacted following early strength.
Houston Oil was the most prominent
Of the independent oil stocks, falling
more than a point after advancing in the
early trading. Sinclair OIL warrants
and Sinclair Gulf were active after being
dormant for some time and registered
substantial gains over the preceding
quotations. The speclalties were quiet
active and steady with the exception of
Penn Seaboard, which was several points
lower compared with last weeks closing
quotation.
Mining stocks We're dull.
Bonds were active and firm.
Total sales and range OF prices follow
The sun., 1918-08-10
WARBURG LEAVES
RESERVE BOARD
New York Banker Will Take
Long Vacation Before Max
ing New Connections.
Special Despatch to The Sun.

WASHINGTON. Aug. Paul NJ. War
burg, vice-governor OF the Federal Re-
serve Board and one Of the trainers OF
the Federal reserve act and much other
important legislation. will leave the
Government service tomorrow. MIR.
Warhurg's term expires and he will not
be reappointed. 1t Is probable that let
tiers exchanged between the President
and Mr.. Warbury will be made public
tomorrow. in them Mr.. Warburg ex-
pressed frankly his view that members
Of the board should not be reappointed.
1t Is known that the President in ac-
cepting his wishes paid high Tsrtbute to
Mr.. Warburg's service and ability.
There is little question In well informed
circles here that Mr.. Warburg was one
of the ablest men ever connected with
Government finance. He was a part.
ner in Kuhn, Loeb & Co. before coming
to Washington a member of the Re-
serve Board after aiding In framing the
act. He was responsible for many OF
the war measures taken to safeguard
the national finances which have made
| 1t possible for the Government to &C.
complish the greatest financing tasks In
| history without serious effects. 1t was
| largely through his efforts that bankers
acceptances and trade acceptances were
| established and gold was concentrated
| in the Federal reserve banks Since
this country entered the war Mr.. War.
burg has worked consistently for cur
tailment of non-essential credit and fol
national saving to meet the extraordi
| nary demands OF war.
| Mr.. Warbur; organized and was chair
man of the first Capital Issues Commit
| tee which brought all czptal issue!
under Government supervision. He wa.
largely responsible for the creation o
the War Finance Corporation and tn,
new Capital Issues Committee. He wa!
one OF the moving spirits in all of thu
| activities OF the board.
| Mr.. Warburg said to-day that he hat
made no plans for the future. He vii
take a long vacation before establishin,
new financial connections
The sun., 1918-08-10
NEW COPPER PRICE APPROVED
WIN No ~ Cents a Pound Until
Nov. l--Conditions Imposed.

WARRINGTON. Aug. 9.-Prehdent Will
son to-day approved continuance to
November 1 of the existing maximum
price of 26 cents per pound for copper,
as agreed to by the price fixing COM
rn'ttee OF tho War Industries Board and
copper producera
Tho price Is subject to additional
charges on copper shapes approved
June 5.
The conditions imposed on producers
In fixing this price are that wages will
not be reduced, that the Government,
the American public and the allied Gov
ernments will be sold to at the price,
that spectators will not be permitted
TO handle any Of the output and that
the production will be maintained as
nigh as possible during the war
The sun., 1918-08-10
FURTHER RECOVERY
IN COTTON PRICES
December Contracts Sell Up to
$3.50, an Advance of AL
most S. a Bale.

There was a further sharp recovery in
the cotton market yesterday. December
contracts. for instance, sold UP to 2S.90c.
making an advance of nearly IS bale
from the closing figure Of Thursday and
a rally to within 10 points of the high
record established during the trading of
Tuesday. That delivery closed at 2sS4c.
and the general list closed steady at a
net advance OF IS to SO points.
The strength evidently resulted from
renewed covering by midweek sellers
who were disappointed by the weather
news and the failure of hedge selling to
accompany the reports of increased new
crop offerings Business was not active
At times indeed the market was quiet
and narrow but seemed very sensitive
to buying orders and closed within a few
points Of the best. First prices were "a
to 40 points higher on unfavorable crop
reports from Texas.
According to private advices the re-
cent light showers had failed 10 improve
crop conditions. and rains now would be
too late to help the situation materially
in some sections. The dry Western belt
forecast ser"oj to stimulate the buying
movement there was probably lit
Tie buying Tor southern mlIl account anu
by houses with Liverpool connections
during the earlier trading on the
whole. however. the bulk of the business
was believed to be for the account OF
local traders. influenced by the fear OF
further reduction in crop estimates
and the very encouraging character OF
the war news The larger exports re-
ported for the day was also a factor in
the late trading. when october contracts
sold at 29.30c.. or 100 points net higher
and IFS points above the low level OF
Thursday morning.
Week end statistics OF TIE New York
The sun., 1918-08-10
ARGENTINE GOVERNMENT
go iptern,i Gold lean 1910

Mcssrs J. p. Morgan & Co. are In.
structel TO give motto" that they are pre-
pared to receive Tenders for the amortt2a-
tlon on LIST September. 1915, Of $4,000
Argentine gold pesos say 10000 nominal
OF the above loaa.
Tenders for sale OF bonds with Coupons
due LIST March, 1919. Mt price to ia
tated In the Tender, must be lodged not
later than ~ o'clock noon on 18th August,
1918, with Messrs, j. p. Morgan Co, 3
Wall Street. New York, who will announce
the result OF the Tenders as soon there
after as possible.
Tenders will be received also in Paris
by the Banque de Paris ct des Pays Bias,
in London by Messrs. Barring Brothers Y
Co. Ltd, and in Buenos Aires by the
Credito Publico NaciOhal
Each bond has 4 par value Of 1918 U
Gold Dollars. and Tenders must he made
at n fiat price under par expressed in doll
lars per bond,
Tender must be made on n form obtain
able on application, and must be securely
enc losed In mn envelope marked Tender OF
Argentine Government per cent Internal
Gold Loan 1909 Bonds for redemption"
Forms Of Tender may he obtained on ap.
pIcatiun 10 Messrs. j. =. Morgan Co, 20
Wall street. New York. who reserve the
right TO reject all or any Tenders.
Dated New York. 20 July. 1913.
The sun., 1918-08-10
PRODUCE MARKETS,
REiNS Am pEAS

BEANS AND PEAS-Recclp's .SOi
hays = beans, $50 bags Pea BEANS
Mnnchurian. 1890: 'oscorrones Chilean
uli'5I -; pea choice. sll7j; medium,
MIA. '2.:5; small white, California. sle -:
Tepsry california. tl?m rs; rtote-
nash!; JspancFe, ,l2gl22S, Dntfuku.
dll75; Kintoki. Manchurinn, s7g5GS;
yellow eye. $1,000; white kidney. choice
i:.a5 T K; "e''' M,noh Sm%'S $3.50:
cnhalioro. chilean, SEIZE IS; Burrlto
chilean s. 5o'.S7'; Bayou, Chilean. $3.50
.s5S eranh"rry Manchgrian, round
blask, SOUTH Amsrisan siFoo o. 5 o. ptak
GH sSsTa asas scn "1 I iao ID.
SIZE; green. California, Ho0lo 25;
Chilean, sa5oma75; Japanese. 500 ass;
sjasE GyG California 39 SD Ritz ye Nav
churlan, smell 81; large. s7,ci975o
crsnm:ry. 'sher than extras, per H..
~ ~ "is" Gh!T c"ts 81 sG % Z, ''sS
onds tS3 TO 81 scoreD. 42T4SAc.; thirds.
4oHtlc,; creamery, unsuiteh, higher than
H.i9 q lec,; seconds, i2qt+c. state dairy,
| tubs, finest. 4ic; good to prime. 42l2 u
Aisc,; common to fair, sSHf12c.: reno
E owsl s shfa ssst ntst 'OT
! cry. hrsts, rs u Il soc: ladies', current make
hrsts, 37d 3Sc, seconds, 1914 q acc; lower
grsHass' 81 pS'' nacNSS sSo's H., SSt a5s
| lower grades, S3asic.
CHEEsE-Receipls, sia3 boxes. state
whole milk. fresh, hats specials, coior'd
| run colored. 25ap2iTc.; white, g5N.i.Ir.i
lower grades, 2l02i%c.; twins. specials
&c. GyySrSsES run; 9SuGS .t;e' ,2 w :,
double .,
consin, whole milk, fresh. twins, 4sJ ga &c.
snele daisies ?5h g 26'. doubt Gat'i.F
prime to choice, NV a bye fair to good
| liql7c,; lower grades. JTl3c
COTTONSEED OIL-Market still neg
| lected by trade and was entirely nom!na
| in absence of transactions.
EGGS - Receipts. $3.50 cases Frcsf
| gathered extras. dozen. 4744Sc,: regular
packed. extra hrsts. "A n sc. hrsts, $94
! No. !, S5 a soc; No = and pooret 26h
3lc.; checks, good to choice, dry. $laf3a.:
vania and nearby Western, hennery whites
hne to fancy, 5Sn60c. ordinary TO prime
| 4S957o: gathered whitesL ordin1rv {,
rne, Asa SIC, Western and Southern, gath
| and nearby houncry browns, - = &c,
| gathered browns nnd mixed colo"s, 3Sg+Sc
FLOUR AND MEAI,-Goyernlnent lmsi,
| sll26Gl1.40. White corn -four. marke
quiet, S5G6.5O per 100 lbs, Barley flour
| Rye hour quiet fair to good, $3.50 Bl0
| choice TO fancy. S1O.65Gll,25 Jute spot ant
to arrive. Cornmeal dull; yellow, granu
lated. S,7oQ4s5; white, graduated, s5U
525 Feed-Western unsettled; bran. lo
| h. sacks, $40; standard mlddlings, do, 81
TO arrive. OH meal, s6i in 100 ID. sacks
FRUITS. DRIED--APPLEs-E porated
State, choice, per ib'' ib'a U lSc.' prime
l3h4lIc.
FRUITS, PERSONALITIES -Transpar
emit, Duchess or Gravenstein, bib, SlRG
Red Ast.sehan, s44b; common. s2Hs.5O
red or ~ a hand picked, basket, Sl.6OG
eSO:, windfalls. 5oc. g$i. PEARs-Bell
Dbl, s416, basket. sl50T2; Bartlett, bhl
s7qs,5O basket. s2'925O; clapp's ia
vorite, bbl., sSQ750: basket, s2R225
Watermelon, Dbl, sac $40; basket. SIS.
2; Flemish Beauty, Dbl, s3d5; basket
si.?5Ql, ecs0ter. Dbl. $685.; basket
| $l.e5ql.76S sugar, Dbl, t4b; baske
The sun., 1918-08-10
INTERIOR RECEIPTS
MiIIer's" Outlook.
speciai Despatch 10 THE Sun.

CHIcAso. Aug. 9.--Modorn MHler says
plouahing for winter wheat has been re-
tared in many sections by the UNIT con-
dition of ground as the result OF severe
drought. aiillers and grain men In the
Southwest report farmers anxious to
proyide the acreage requested by the
Food Administration. Harvesting and
threshing are under way in the Northwest
and little wheat and oats will be stacked
Wheat is being sold from the machine
as In the winter wheat belt Movement
of wheat will continue up to the capac'
ity of the railways. Reports to tho
Modern Muller indicate that the ho
wave has badly damaged corn in man,
localities
The sun., 1918-08-10

Coffee Cables-Rio was le5 res higher for Is
at 5S65. Exchange unchanged at le1d. Re
ceipts 5000 bags and stock 66s, 900 bags.
In Santos spots were UNCHANGED at 5000
Fut,'-"s 25 to 10 reis lower. Receipts 1900
bag stock 2,794, 900 bags.
Pc, y;s at ports %. 900 bags, against 81 900
last year and 81, 900 two years ago. Sac PaulO
had 1900 against Is, 900 and IS, 600. and Jun
diahy %, 900 against 90 900 and $4,000 bags, re-
spectiyely.
The weather in Sac Paulo was fine In two
districts frosty in one showery in one and
cloudy in one Temperatures, IS to 6S degrees.
brazilian coffee statistics:
The sun., 1918-08-10
PAPERBoARD PROFITS DROP.
Decrease From ss2s.111 Net in
1919 to S1A7,O1s in 1917.

United Paperboard Company, Inc.
shows a sharp falling off In net profits
for the year ended May rs according to
the annual report issued yesterday. Net
profits after charges, depreciation, &c,
were Sl+7,al3. This compared with
$S2s,1ll In the preceding year.
Total mill earnings for the year were
S15,471, against $1.937.33s. but despite
the decrease In earnings there was IA
small advance In tax payments After
preferred dividends the balance avail
able for the common stock was only
$62.737, against s724,439 in the year
ended May 20, 1917. The company
starts its new fiscal year with profit
and loss surplus of s1,055,043 and a
working capital In excess of $500, 900.
The sun., 1918-08-10
PARIS MARKET.

PARIS, Aug. 9.-Trading was active on
the Bourse to-day Three per cent
rentes. 81 franc IS confines for cash.
Exchange on London, 81 francs 10 CEN
times Five per cent loan. 81 francs
go centime6
The sun., 1918-08-10
1000 BOND statesmen IN WAR.
Four Die iu Service, Says Invest
ment Bankers, Bulletin,

More than 1000 former bond sales
men associated wit, members Of the
Investment BankL.J Association Of
America have enlisted in the fighting
forces Of the United States according
to tho associations August Bulletin,
published yesterday. Four have died in
the service.
In this publication 1t Is also stated
that Provost Marshal General Crowder
In answer to numerous inquiries on the
status OF bond statesmen ruled that they
were not included within tho work or
fight" regulations.
The sun., 1918-08-10
COTTON STATISTICS.

Liverpool Cahlcs-Spot cotton Cu"t wlddlins
ia 1oints lower AZ 20 ih good midllnc, II
n"in's lower NJ 81 I'D. Sales. LoN. all Amer.
I'an. Imports, 1Jo. NIL American. Futures
n"n| quiet but steady nj an advance uf 30
y points Closed fcycri>h at net ;hvaUce If
g ~ 90 points. AuTust ." I'D : ScptcInhcr
Hlhoi October. q Gjd N"vcmlcr ~ iid /:
l"rcm'cr, 2l@Ai, Mdhrhcsur--Iat tru
cloths In good demand
The sun., 1918-08-10
Exports From New York.

Exports from New York yesterday In
cluded: Oats. 45,l27 bu. -four, 12,57l
bbls rye -four. 43,02S bills bacons
1.15s,6Sl lbs, ; peas, 6,397 bu.; beans.
S7.Sl3 bu.; corn meal. 1888 bbls, ;
beef, l,4l0 bbls. lard, 4,039.206 lbs.
The sun., 1918-08-10

Receipts for duties at the Custom
House yesterday wern S43A 21g.4N of
which Sl52,Ia6,ls was for merchandise
withdrawn from bonded warehouses
and S2S54S3.22 for recent lupurlatious
The sun., 1918-08-10
Minneapolis Grain Market.

MINNEAPoLIs, Aug. Cash wheat
No. ! northern, old, $2,S2. Corn. No.
yellow. s1,70G1.75. Oats. No 3 white
IS q 6shc. Flax, $43l u 94S4h, Bran
s2e.3l. Flour unchanged,
The sun., 1918-08-10
nE>pER.o> nRIlH,E coMrA>N

SINKING fINp.
THIS Is To CERTIFY THAT al drd,"- y
irr 'hrld this c';hlN asr uf August. ''lc, q
ia our presence. at tn. oH' " of ia, D"ntral
I.nlnn Trust Company Of >"w h".l, at
eleven u'ciu.N In the morning, thc iu'inN-
ing sryiuty.iSr bonds Il tho IlLNbl.t-
son RRlDGE COMPANY, VIZ, uau.hsrs
The sun., 1918-08-10
Pennsylvania Crude OIL Market.

OIL CITY, Pa, Aug. s.--CredIt bal
snces, 81. Runs, SS.575 barrels: average,
o. IN Shipments 64,449; average
The sun., 1918-08-10

CHICAGO.

CHICAGO. Aug. ?.--Swft in good de-
mand, with prices showing a gain of
about points. Chicago Pneumatic Tool
gained n point. Cudahy, Peoples Gas
and Montgomery Ward preferred easier.
Bonds dun. Summary:
The sun., 1918-08-10
OUT OF TOWN MARKETS
PHILADELPHIA.

PHILADELPHIA. Aug. 9.-Firmer tone,
with righer range at New York as a fac
tor in strengthening local market. Sum-
mary:
The sun., 1918-08-10
pORCUpINE.
MONTREAL CLOSING.
LIVE STOCK MARKET.

BEEVES- Receipts. 1880 head; - cars
sn np to Grazing s was soa4 almost pt a. hosHy
steers were entirely nominal ari .t"i
steady: all other cattle uneyen'y lower.
dinlrv to fair steers sod 5000 ri7.25
prr l0o !b- hula $G.7il, 10 90; cows 49,
n les. Dressed ue-; SLOW at i6H ~
pc 10. for common to prime native sldss.
CALVES Receipts, 65s mead. 2tl on
sale: Marke' ,qUlr: @nt stHnIr Cc,a"%nn
slof1o.5O; l,l-lmrs, IS. comnon TO far
westerns. si5o% ILL.,. Drcssed rhveo
s!Sw city r, ar'a r'i!. s;ss'0 FER '0
sHEEr AND LANBs-Receipts. 2,alo
head; -. cars on sole. including late ar
. ,,,sIs TmuFstay sheep 'tsadyy; gss:.mnee
tewesl, .S1l2,jn per 100 lbs, culls. 81;
lambs, flS11s: rul's, SO. Dressed mutton
s,GSdy at S: ,1 pei In S....e9 ssnss
SLOW; ordinary t" prims do, asSf9c.
HoGs-noce'p,.. 7.sio head: nalt car
ana Philadelphia hogs sold 'co.7t per 400
lbs: roughs. $lS.25.
h. average. $50 IS, : rourlr $50. VS.c6,
kerns Commission Co: Pennsylvania
hogs l65, s-o.7b.
Live Stock Market. In Other Cities.
CHICAGO. Aug. 9.-IIoEs- Receipts.
1000; market Fenerally s,s4dy i, s :s
cquall!ng the high record. Butchers,
$ii9iI33@Iia9o llgh',, SEQ z 20; passing,
sales, SIS 10 u 1885; pigs, good and choice,
.rsy tS SoS mq n5S ,, gen
mon and md @raIq'3' s,6a i, Iiu,eI"r
a a6r. a GS"' ca npa hSSt sig oec, ni
feeders good. choice and fancy, 500
Is inferior, common and medium, 81 80
6t all nj o
The sun., 1918-08-10
BOSTON.

BOSTON, Aug. 9.--Trading in light vol
ume, with copper shares displaying firm
tone and changes fractionally higher.
Summary:
The sun., 1918-08-10
BALTIMORE.

BALTIMORE. Aug. 9.--Market continued
dull with slight change in quotations.
summary:
The sun., 1918-08-10
Hf)\I-
PITTSBURG.

plTTsEUEG, Aug. 9.--Flrm tone to
prices, with trading in small volume
Summary:
The sun., 1918-08-10

sa7594.e5; Jersey. round. No. /. Dbl. 50, 50
q3.75; Giants, No. !, &3q3.50; round. No.
500; Giants i6b 10 bag. s8.5O@s75; $50 10.
bag, ss25T3.4o; No. 2, per Dbl. or bag,
s.i56i 2.:t; Delaware and Marylsnd. Dbl,
81 o0J3.50 Eastern Shore, $i.5o44; Vir-
Gin!a, sl25d3.75: Southern, culls. so q
75c.; sweet potatoes, Jersey. old, basket
s1.'0Q2.5o; Eastern Shore, yellow, Dbl, 81
S5I7; North Carolina and Georgia, No. 2
sl.25g3; yams. Southern. white, Dbl. 81
Imperial Valley press., 1918-08-02
SIGNAL CORPS NEEDS
SKILLED MECH ANlCS

Men experienced in automobile driv-
ing, construction and repair, carpen-
try, electrical wiring, equipmn. and
line construction, map making, me-
chanical drawing or radio communlca-
ton may file applications for service
in the Signal Corps with the NJ itary
Bureau of the University of Califor-
MIA, Alumni Secretary's office, ia
California Hall, Berkeley. Under GER
tain conditions, draft registrants will
be accepted and inducted into serv-
ice. The Signal Corps is an excellent
field for trained men between the
ages of 18 and 40, offering exception
al opportunities in the way of genu-
inc service, according to the Military
Bureau
Imperial Valley press., 1918-08-02
TO ADVERTISE for lost Article
TO assume that the finder is hon
si--which is usually true.

shooting at gulls or empty bottles.
"By this time the submarine e'i-
IDENTIFY had reache dthe extreme out
ward point of her voyage, and we start
ed on our return trip to Helig3'ana.
Three Norwegian ships were stopped
for the purpose OF obtaining Iresh
food. Soon after this there was much
excitement when it was ascertai1ed
that there was a British submarine
in our vicinity. By listening, the
crew could hear the enemy subna-
rlne, and the Germans feared she was
ec ing to attack US. We submerged
aId evntually lodged the British yes-
sci.
THE U-boat was equipped with p1w-
'crfui wireless apparatus, and each
evening, providing the weather and
other conditions were favorable, the
German commander remained on the
waters surface in wireless communi-
cation with his base"
! The British captain finally arrived
in Heligoland, and afterwards was
transferred to Brandenburg. >Eventu
ally he was taken to Switzerland ane
released, reaching England on june
10.
And now the captain is getting ready
TO 20 10 sea again.
Imperial Valley press., 1918-08-02
WAUKEE TO
BUILD THIRTEEN
STEEL VESSELS
(By Associated Press)

Milwaukee, Wis, Aug. 1.-The ship
building industry in Milwaukee has
been revived with the organization of
the Fabricated Ships Corporation,
capitalized at 100000, and already
the government has awarded contracts
for thirteen steel ships, most of which
will be 172 feet long and have 80 feet
beam.
Tn new shipyard, which is an out
growth of the Newton & Coddjngton
Engineering Company interests, will
have 1000 feet water frontage. es-
pecialy adapted for construction of
launching ways and for fitting up
wharves. Construction of plants,
tracks, derricks and warehouses will
be pushed forward rapidly.
The contracts awarded the new
shipbuilding firm are for nine mine
planters and four river transports.
The first ship is to be delivered by
May l, 1919, and one is to be t1rned
out every thirty days thereafter until
the contract is completed. From Mil
waukee the ships will steam down the
Great Lakes and through the We'll
land canal, thence b the st. l.awrenc
river to the Atlantic coast, where they
will be placed in coast defense and
general utility service.