davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-07-12

There was q slight decrease in
manufacturing activity in May, ac-
cording to statistics just issued by
the New York State Department of
Labor, for the number of employees
On the payrolls Of 1,648 factories COW
cred by the figures was slightly
smaller than the number employed in
April. In comparison with year
before, however, the statistics show
an increase of % per cent. In view
Of the heavy losses throught the
draft, this is a remarkable exhibit,
and indicates plainly that the indus
tries in this state must have re-
cruited much labor from the farms
and from industrial plants in other
states. 1t is not surprising, consid-
ering the keenness Of the competition
for labor, that the percentage Of in
crease in the total of wages paid
should have been more than ten
times as great as the gain in the
number of employees. The fact that
wages increased 26.5 per cent, how
ever, would seem to indicate that
labor has profited more since we en-
tered the war than has industry.
Certainly there has been no CORE
spending general increase in indus
trial profits.
New-York tribune., 1918-07-12
Many Bank s Fail
To Subscribe for
41-2P.C.Certi6cates
Federal Reserve Bank Will
Publish List of Institutions
Aiding Government

Only SIS per cent of the 1,O45 bank
ing institutions in the Federal Reserve
District of New York responded to the
urgent plea made BY Secretary of the
Treasury McAdoo for subscriptions to
the recent issue of $3.50 100000 of az
per cent certificates of indebtedness.
In other words, according to figures
prepared by the Federal Reserve Bank
of New York, slightly more than half
of the banks in this district did their
share in supporting the government in
its latest bit of war financing. Most
of the delinquent banks were country
institutions.
The summary Of the subscriptions re-
ceived in this district for the issue
of certificates dated June 25, 1918, and
due October "a, 1918, being the first is
sue in anticipation of the Fourth Lib
erty Loan, follows:
New-York tribune., 1918-07-12
Corporate Returns

canadian Car and Foundry Company.
Report of operations for the seven
months ended April 80. 1913. disclose 9
Profits amounting to $29I7.OO4. De-
probation, etc, totallcd s3l322f ard
interest was s426,746, leaving a sur
plus, before war taxes were deducted
OF S2l77,034 The previous surplus
was $2,84O,063, bringing the total sur
Plus to s5,0l7, ,097.
Minneapolis & ST. Louis Railroad
Company.-Gross earnings for Nav
were 1921 ,524, compared with S906 $50
1or the corresponding month of last
year Dehclt after taxes totalled S48,-
IL. against a surplus for the same
eeflod Il OF the preceding year of $780,
64l. Total deficit amounted to $500.
cross earnings for the first FIVE months
OF the current year were S4,452
which compares with s4,2O3 ,12O for the
hrst five months of 1917. Net after
taxes was $260,747, compared with
s9lo, l22 for the corresponding months
OF the year before. Total income for
the period totalled $464,695
5. 5. kresge Company. - Sales for
June amounted to s2,9o7.273, an in
crease over the same period of the
previous year of S510759. Sales for
the first half of 1918 were S15.638, ,292
which compares with $13,2l7,263 for
the first six months of the preceding
year. an increase of $2,421 ,Ol9.
Tennessee Power Company. Renort
for May shows gross earnings of $751;
6:2, an increase over the same month
OF last year of S12,63O. Net revenue
vas S74,490, which compares with S70.-
331 for the sponding period of the
year before. After interest. etc. of
s52,951, surplus amounted to S2l'539,
Gross revenue for the twelve months
erded May 81 last was s2.021352
against sl,866,776 for he preceding
twelve months. Net earnings totalled
$'o5,4'9, compared with sl37073 Tor
the same months of the previous wear.
lIterest, etc, was $630,377, leaving sur.
PHYS PHYS for ao the twelve months period Of
New-York tribune., 1918-07-12
Wheat Area in India

The area under wheat cultivation
IN India at the end of April this year
was 35,3ss,0o0 acres, according to the
Indian Department Of Statistics. The
probable yield is 10,130.OO tons.
against 2o,46l 900 acres and 1927 900
tons reported in an earlier forecast.
Crop conditions are said to be good in
most districts.
New-York tribune., 1918-07-12
Benjamin Franklin says:
"WetgAy qaf5tion5 ak far dfAJr-
ate aDJwt1J.
Problems

n person is often confronted with
problems Of investmens-qucstions
OF the management Of property or
doubts concerning the disposition
of his estate.
ANY depositor Of the Franflm
21N5t Company, may bring such
problems to the company's officers
with the assurance that he vii re-
ceive the wise, mature and kindly
counsel Of men who have made
these matters life study.
We take pride in helping the small
account TO grow and invite accounts
OF $500. and over.
Send for our booklet " SmaN .4scs4r,s."
New-York tribune., 1918-07-12
Rice Acreage Increases
That in Three States Exceeds
1917 Total for u. s.

BEAUMONT, Tex, July 11.-Rice
acreage in the South this year totals
1,130,717 acres, compared with 978,1O7
year ago, according to the prelimin-
ary estimate of the Rice Millers' Asso-
cation. Texas, Louisiana and Arkan-
sas acreage exceeds that of the whole
country in 1917.
New-York tribune., 1918-07-12
Total subscribers. 633
Reserve Banks Formal Statement

Reserve Banks Formal Statement
A formal statement issued at the
Federal Reserve Bank of New York
yesterday said:
"In view Of the published request of
the Secretary of the Treasury, asking
all banks and trust companies through
out the country to cooperate with the
fiscal programme of the government by
setting aside p per cent of their gross
resources every two weeks for the pur-
pose of purchasing short term certif-
Gates of Indebtedness issued by the
Treasury Department. the Federal Re-
serve Bank of New York, in conjunc-
tion with most of the Federal reserve
banks of other districts. has cons dered
it appropriate to forward to the banks
of the district lists of all the banking
institutions that subscribe to such GER
titicates OF indebtedness.
"These lists will be published from
time to time shortly after each issue
of certificates and will contain state
ment of the amounts actually sub
scrbed for each issue by the institu-
tions. The purpose of the publication
will be not only to stimulate subscrip-
tions to the certificates, but also to af-
ford to each institution that is sub
scribing regularly to the certificates in
formation as to the part being played
by all the other institutions in our dis
trict.
Probable Effect of Publication
"The publication of the list will also
doubtless have the effect which is very
much desired, of lmpressing upon the
mercantile and other users Of banking
credit the necessity for curtailing as
rigidly as possible their own use of
such credit at their local institutions,
IN order that the government may have
sufficient money in hand to conduct
the war.
''Although the resources of the NUT
ual savings banks located in this dis
trlct have not been included in max
ing up the aggregate quota, and the
savings banks themselves have not been
ailotted any quotas, many of them,
appreciating that these certificates of
the government, having short maturi-
ties and bearing interest at the rate
OF Az per cent per annum, are ex-
tremely valuable investments for say
lngs banks, have voluntarily subscribed
Tor considerable amounts, and such
banks consequently have been included
in the list of subscribers.
"ln addition to the above there are
doubtless many individuals and non
banking corporations that purchase the
certificates indirectly through the me-
dlum of The banks and this course is
urged upon all those desiring to make
short-time investments for their sur
plus funds or preparatory investments
in anticipation of their subscriptions
to the fourth Liberty Loan"
1he opinion was expressed in Fed
era Reserve Bank circles yesterday
Ihat there VIII be much broader par
ticipation by the banks in this district
IN the new issue of certificates of in
debtedness, subscriptions for which are
now open.
New-York tribune., 1918-07-12

A decidedly encouraging part of
the bureaus report is that which
shows large increases in the number
of workers employed by essential in
dustries. Thus factories classified
under the heading firearms, tools
and cutlery" increased their forces
by 75.4 per cent during the year-at
an increase of 1884 per cent in
wages-while makers of pig iron and
rolling mill products employed per
cent more workers, boat and ship
building companies increased their
staffs by 51.3 per cent, and machin-
cry makers employed ii per cent
more men. A number of the indus
tries generally regarded as non-es
sential suffered severe losses in the
number of workers employed.
New-York tribune., 1918-07-12
The Dollar in Foreig. Exchange

Exchange rates moved narrowly in
the local market yesterday. Dutch
guilders continued firm at 52ls cents
for Amsterdam cable transfers. Scan
dinavian rates were steady. Francs
and sterling rates were firm
Closing rates yesterday, compared
with /. week ago, follow:
Quoted dollars to the pound.>
New-York tribune., 1918-07-12

The 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% The intrinsic
parity is s4.S6Ss per pound. Thus you
say either that pounds are at 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 ac-
counts in England.
New-York tribune., 1918-07-12
Wealth Markets and Commerce
Finance
WALL STREET OFFICE:
Mills Building. Is Broad st.

Under the stimulation of high
prices oil producers have made re-
markable record in the last six
months. Though handicapped by
shortage of labor and supplies and
by the fact that the fields were prac-
tically blockaded as a result Of the
severe weather prevailing in Janu-
ary and February, the number Of
new wells completed in the first six
months of the year was, according
to "The Oil City Derrick" no less
than II, 1888, compared with 10,1S0 in
the corresponding period of 1917.
From these wells 760,052 barrels of
oil were obtained, a very consider
able addition to our annual output.
An encouraging feature of the sta
tistics is that operations at the end
Of the period were expanding stead
lily, the number Of completions in
June establishing a new record. Oil
trade authorities believe that, barring
unforeseen developments, 1918 will
be the banner year, both in respect
to the number of new wells COM
pleted and the quantity of new pro-
duction. The figures are interesting
in connection with the much debated
question Of the adequacy of the oil
supply, inasmuch as they indicate
that production will probably be sus-
tained at or close to the peak estab-
lished last year.
"The Derrick's" statistics also
show clearly the hazardous character
of the business. OF the II 1888 wells
completed, 1852, or more than 25 per
cent, were dry, and the money spent
in sinking them was lost. In the
corresponding period year before
about 20 per cent of completions
were failures and the year before
that between Is and 20 per cent. In
We stors would do we'll to bear these
figures in mind when they are So
licited to buy stock in new ventures
that, as the promoters always
claim, are sure to prove big pro-
duceJs.
New-York tribune., 1918-07-12
Economics
Teleph one:
Hanover GSt4

market. Rates yesterday were as fol-
lows:
Thirty Sixty Ninety
Spot de- days. days. days
livery: Per cent. Per cent Per cent.
E gible
m g m ber
banks. 4a@4 4N@4h 4h@44
E ! glib le
non-mem-
Der banks.4A@4Is 4h@4I4 47s@4h
n el igi bl e
bank bills.54@4a4 514@4s4 5A@4s4
For delivery within thirty days:
Per cent
Eligible member banks ........ dlH
Eligible non-mcmber banks. ..... 45a
Ineligible bank hills. 6
New-York tribune., 1918-07-12
Relevant Comment
Expects Strong Money Demand

Gates w. McGarrah, president of the
Mechanics and Metals National Bank,
believes the fact that the business Of
the country is being carried on under
the heavy stress of an enormous vol
ume, together with the promise of rec
ord crops, indicates, from a BANKING
viewpoint. strong demand for moneV
IN the months ahead. "The United
states treasury is borrowing extern
sNeIy, he says, "on certificates of in
ueptedncss, and will continue to do so
until the fourth Liberty Loan is offered
It would seem, therefore. the part of
wisdom for bankers to study the roner
SITUATION with the utmost care and act
courageously, but with caution"
cause of Weakness Unexplained
From the opening of the market to
the close yesterday the Street searched
Tor a satisfactory explanation for the
weakness of stocks, but in vain. All
day long the question most heard in
commission houses was. "Why is the
market going DOWN." Some brokers
said there was nervousness over the I'M
minence of the German drive. Others
SAID folks were becoming frightened
over the tax prospects. Still others
SAID that certain operator generally
considered as a plunger, had found him
self carrying more long stock than was
comfortable, so he proceeded to unload
oO,oOO to 100000 shares. The one ont
standing fact was that stocks Went
down easily, and there seemed to be H.
tie support in the way of buying power
Car and Foundry Settlement
According to Nathaniel Curry. nres;.
dent of the Canadian Car and Foundrv
Company, an amicable settlement has
Deen reached between the two groups
that have been canvassing for proxias
70 De voted at the annual meeting nex+
MONDAY. lhe shareholders committee
"hlch recently issued a circular charo'
ing mlsmanagement, may nominate
three directors, who will probably he a
nlchs LAWRENCE, already director.
senator beaublen, of Montreal. and =
Teward' n trustee of the EQUITABLE
alus' company. The company's state
nGenU nn lor ohe seven months ended April
~, ioN uea yesterday, showed a surplus
pe1ole tax deductions amounting 10 81
I'o34, compared with Sl.413009 g.,
the year ended December a loe+ 't
ordnance Inquiry From L. S. Steel
The ordnance department of the
United States Steel Corporation has
issued inquiries for upward of four
nundTed machine tools for the new
Neville Island gun and projectile plant
that is now being built for the govern
ment. The Midvale Steel and Ordnance
Company, which is to build howitzer
pant at Nlcetown, Philadelphia. has not
yeC closed on about one hundred and
.weh.y machine tools and twenty-seven
eral weeks ago. 9N'A1 0eV-
New-York tribune., 1918-07-12

FINANCIAL MEETINGS
Us
.rAT nTRA

SPECIAL MEETING or STOCKHOLDERS
OF Modern Tool x Machine Works ,aiS 'lNSs
viii be held on the 2oth day Of July. INV. NV
At 7. M.. at the office of the comp CoWp",,is,s. "a
IA Worth Street. New York city Ro, Rol in in.
purpose OF voting upon proposition oao az 90
crease its capital stock from S-V'V'V
500 600 par value $5 per share.
Dated, y. Y. July 10Th. 1918: ....t
JOSEPH SUROWIEC. Presios"~
JOSEPH KOPRON. Secretary
MAXWELL LUSTIG. Counsel
New-York tribune., 1918-07-12

Discount Rates.-The 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., 1918-07-12

Below is given the current exchange
value Of foreign money III dollars and
cents, together with the intrinsic gold
parity. as calculated by The United
States Mint:
New-York tribune., 1918-07-12
CROCKER- WHEELER COMPANY.
Ampere, New Jer.ey.

At meeting on July 9. 1913. the Dirso'
tors declared the regular quarterly o's,. W.
dends of 4 @ on the Preferred and ~
on the Common Stock. payable July l''As
1913.
Z. LANG. Secretary
New-York tribune., 1918-07-12
DIVIDEND NOTICES
UNITED FRUIT COMPANY
DIVIDEND No. "a

quarterly dividend OF Two per cent
(two dollars per share) on the capta
stock OF this Company has been declared
payable on July 18th. 1913. 10 stockhoid'
ers OF record "a, the close Of business
June 20. 1913
JOHN W. DAMON. Treasurer.
New-York tribune., 1918-07-12
Call money:

Commercial Paper.-The demand for
commercial paper has slackened Rates
yesterday were unchanged at 6 per
cent for the best regular maturitics.
Bank Acceptances.-A fairly large
volume OF business is moving in this
New-York tribune., 1918-07-12

- Bank of Paris.-PARIS, July IL
The weekly statement of the Bank of
France. with the changes from week
ago, follows, in francs
Gold 80. 5,434,795,0OO Inc. 10000
Silver 2eS,316,o00 Inc 100000
CircI'n ..29,A34. 1885, 600 Inc. 1922. 900
Gen. dep. .36,071 $4,000 Inc 131,18e, 900
Bills dis. 1895, $4,000 Dec. .133.54o 600
lreas.dcp 24,443,000 Dec. 1925, 900
London Money Market.-LONDON
July 1l.-Money was firm at 2az per
cent. Discount rates were: Short bills
and three-month bills, 1882 per cent
Gold premiums at Lisbon stood at 1870.
New-York tribune., 1918-07-12

Silver.-Bar silver in London was
4o sd, unchanged; New York, 991sc,
unchanged; Mexican dollars, 77c, un-
changed.
Sub-Treasury.-The banks lost to the
Sub-Treasury yesterday $2,534, 900.
Bank of England.-LONDON, July
ll.--The weekly statement of the Bank
OF England showed an increase in gold
holdings of 9634, ,459. The proportion
OF reserves to liabilities now stands at
l6.40 per cent, compared with 1913
last week. The statement, with the
changes from last week, follows:
New-York tribune., 1918-07-12
Money and Credit

Money rates were firmly maintained
yesterday. At the Stock Exchange the
ruling rates were unchanged at s to
6l2 per cent. Banks restricted their
offerings, owing to the heavy with
drawals of government funds made
during the course of the day.
The time money market continues
dull, with only a small amount of
money offering. Rates were steady
yesterday.
Ruling rates for money yesterday,
compared with year ago. were as
follows:
Yesterday. Year ago.
Per cent. Per cent.
The Catholic bulletin. [volume] (St. Paul, Minn.) 1911-1995, 1918-10-05
ARCHBISHOP. KEANE'S ADDRESS

he prepared for the ministry, recog-
nized the brilliant talents, the lofty
aim and the spiritual vigor which
marked him out to inspire, to lead, to
govern. a.assa..
lAt his ordination ne was assigned
to, the Cathedral, and until his death
he remained associated with vt as as
sistant, rector or PASTOR
In June, 1862, moved by zeal for
souls and love of country, he enlisted
in the 5th Minnesota Volunteer In
fantry, and in brief term of service
in the South he won for himself that
gratitude and admiration of officers
and soldiers which made him the idol
and the hero of the Old Guard till
this day.
On his return from the South his
soul was panied with the obtrusiye-
ness, the prejudices and vices of in.
temperance which menaced the very
existence of most of the young COM
munities in this new country. He or
ganized a crusade which swept over
the entire West like a purifying fire
famed by his irresistible eloquence.
Within a very short time prosperous
Communities and happy homes greeted
Father Ireland everywhere. In CO.
operation with jealous bishops and
priests whom he moved to action he
established temperance societies
Everywhere and he was in time ac-
Eclaimed the temperance apostle OF
America. He carried the war into the
halls of legislation and was largely
Instrumental in bringing about the
beneficent restrictions of high license
| He brought the Council of Baltimore
representative Of, and speaking fol
| 1.-THE Church in this. Country, to endorse
HIS condemnation of the pernicious
activities, and the bold obtrusiVeness
| of the liquor Interests, and his cru
sade for total abstinence He secured
| for the movement the high approval
and solemn blessing of the Supreme
Pontiff.
| The great work he did in associa
tfon with Bishop Spalding for Cath
olici Colonization is well known. From
hundreds of happy homes in the
Northwest, prosperous largely through
his foresight, his labors and his sacri
fees, earnest prayers are ascending
to the throne of God for him at thi.
hour.
In the early years Of his episcopati
/ Catholics gave little promise of in
i Ifiuencing the thought or life of th,
country at large. They were compare
D lively strong numerically and grow
ing through immigration, but Cathc
lie bodies held too tenaciously to lth
custons and traditions of the coun
4 tries from which they came. go.
The Catholic bulletin. [volume] (St. Paul, Minn.) 1911-1995, 1918-10-05

George B. Mundelein of Chicago, and
by the celebrant of the Mass
At the close of the services, as the
body was being carried out, the choir
sang the Miserere and the Benedictus.
The honorary pallbearers were: Revs.
P. O'Neill, E. Vinas, S. M; ]. Rynda,
V. Nelles, o. F. M; F. x. Bajec, and
T. F. Gleeson The active pallbear-
ers were: Messrs. T. D. O'Brien,
Albert Schaller, John ]. Regan, f.
Schlick, w. D. Dwyer, E. W. Buckley,
NJ H. Foley, and Francis w. Sullivan.
The funeral cortege formed outside
the Cathedral and the body of the
deceased Archbishop was taken to
Calvary cemetery and there laid to
rest by the side of his two predeces-
sors, Bishops Cretin and Grace, The
visiting prelates and, clergy proceeded
to the cemetery in automobiles. The
procession passed down Summit
Avenue to Lexington Boulevard and
thence to the cemetery. At the grave
a choir of twenty seminarians sang
the last prayers.
The Catholic bulletin. [volume] (St. Paul, Minn.) 1911-1995, 1918-10-05
MOST REVEREND ARCHBISHOP
KEANE OF DUBUQUE DELIV-
Erred EULoGY OF LATE PRE-:
LATE-REviEW OF HIS LIFE
AND WORK.

20 Lord, Thou hast tried me, and
hast known; me. ''''--( (Ps.. .13S, 1.lats-s d.
Reverence for his person, and the
custom Of the Church, demand that
some words be spoken at this time in
the presence of all that remains on
earth of Archbishop Ireland. regret,
as you must, that the celebrant of
the Mass feels too deeply touched by
sense of loss to undertake the deli
cate Office to which / have been sum-
moned. A friendship of most intimate
character, such as between brothers,
was, one of the joys of both their lives
from boyhood till death parted them
for a while. My own: predecessor, of
sanity memory, his felloW-soldier in
SO many conflicts for Church and
Country, might do Justice to this oc-
casion, had God spared him for this
hour. I
It would not be easy for any. one to
bring. into orderly review the strik-
ing events of a life distinguished by
such rare talents, such strenuous en-
deavor, such high IDEAL such splendid
achievement. 1t would be impossible
for any one to tell to your satisfaction
what he was to many of you who
knew his rare excellence by. long and
frequent intercourse; to- this city
which he loved and served SO long
and well, and which gained in fame
by the Incorporation of its name in his
official title; to- this Northwest where
/ for half a century he has been. a leader
| in all that made for the best forms
of Christian citizenship. to the Coun
ltry generally whose life, religious, so
cial and political, has been powerfully
influenced by his labors and life. The
manifestations of sorrow seen here
and witnessed to throughout the coun
try by the national press. speak Of .
sense of loss, which is genuine anl
universal. " Il. I .I. !.
| Archbishop Ireland was given a Ions
life for the great work to which God.
Providencet called him, He passed hi:
eightieth birthday the I 11thg of Septem
ber, He was ordained. to the Hol!
Priesthood on, December 21st, 1861
and fourteen years later, to the day
he was consecrated a bishop.
/ He brought to the. work of his svoca
tion very exceptional gifts. He had ;
splendid mind. Al very remarkabl,
memory, and a physique equal to th,
tremendous demands of very, grea
zeal and zest for work. His mas
i tiers IN the French schools, In swhicl