davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1918-08-29
Time for New Appeal
In Godsol Case Extended

Justice Bailey, OF the District su-
preme Court. yesterday granted an
extension of time on the application
of District Attorney Laskey In the
matter Of preparing an appeal to the
Court of Appeals from Justice
Gould's order releasing Frank J.
Godsol, whose extradition to France
Is sought by the French Ambassa-
dor. Under the terms of the courts
extension. the government will have
until October Is in which to COM
plete its appeal.
The Washington herald., 1918-08-29
MRS. ROSES WILL FILED.

Mrs. Elizabeth Rose. who died here
August 20 last. left q will dated oc-
tober 2. 1917, In which relatives in
scotland are the principal benefi-
ciaries Of q small estate. =
The only local beneficiaries are
John Slattery, who Is given 5000: Mrs.
Agnes Mentally, 800, and John B.
Dickman. Of Washington, who Is
given $50 and named as executor Of
the estate.
The Washington herald., 1918-08-29
ARMIES OF ALLIES
PRESS FORWARD ON
SOMME FOR GAINS
CONTINUED FROM PAGE ONE.

CONTINUED FROM PAGE ONE.
and have captured the villages Of
Boiry-Notre Dame and Pelves.
"A number OF prisoners have been
taken by US in the course of these
operations.
I'VE have advanced our line during
the day north of LOGON Flanders)."
The Washington herald., 1918-08-29
Admiral Wilson Takes
Command of Battleship

Vice Admiral Dewitt Coffman, now
In command OF battleship force .,
Atlantic fleet, will become command
ant Of tht fifth naval district, with
headquarters at Norfolk, Va, and
Rear Admiral Henry B. Wilson has
been designated to succeed him IN
the battleship command. which car
ries with It the rank OF vice admiral.
Secretary Daniels made this an
nouncement yesterday.
Admiral Wilson, who IL now in COM
mand Of the United States naval
forces In French waters. will continue
on this duty for the present, the sec
retary stated.
The Washington herald., 1918-08-29
Canadian Indians
Object to Draft

Ottawa. Ont. Aug. 2s.-The coun-
Gil of the Six Nations has insisted,
as allies of England. that the
Canadian government has no power
to enforce conscription of the In
dams, but declares they will reg
lister themselves at the Brantford
reserve.
The Washington herald., 1918-08-29
0bsolte Warship
Raises Potatoes

London. Aug. 2s.-At one Of the
British naval bases an old warship
awaiting breaking up Is doing its
bit by aiding potato production.
Where . famous admiral once trod
the Quarterdeck Is now covered
With soil wherein the rspudr nour-
The Washington herald., 1918-08-29
Germans Use Leaves
As Ersatz for Hay

Amsterdam. Aug. 2s.-School chill
dren in Munich are employed in their
spare time stripping trees and bushes
in public parks so the leaves may
be converted into a substitute for
hay. which is lacking in Germany.
The Washington herald., 1918-08-29

Funeral services for Alexander '
Wagner were held at $50 O'Clock u
morning at St Mary's CathoI
Church, Rev. Louis Smet pastor. of
ciating.
The Washington herald., 1918-08-29

Hazel Virginia Roles. months cid
daughter Of Mr.. and Mrs. Edo
Roles. died today at her psrents' resi
dence, lol7 Queen street
The Washington herald., 1918-08-29

The body OF Douglas r Roszel wfs
was drowned while bathing yesterd4
morning. viii - shipped tou1nrro4
morning TO Markharu. Fsoouier Com
ty. Va. for burial. -
New-York tribune., 1918-09-22
Need of Marking
Off Export Business

Of the associations which have al
ready served notice on the Federal
Trade Commission that they purpose to
function under the Webb law, it has
been noticed that sufficient care re-
garding the legal form of the organ.
ization has not been taken. In some
instances, it is said, the line between
the domestic business and the export
business has not been drawn distinctly
enough. The Webb law specifically
states that it affects only corporations
or associations dealing solely in export
trade. A corporation that sells. in for
eign countries and in the American
dependencies, for example, is not
looked upon as engaged solely In ex-
port trade, as commerce with American
possessions is considered in law as
"trade within the United States" Com
petent observers say that, unless cor
rectcd, such oversights are likely to
cause trouble when in the future a
concern may cite the Webb law as a
defence of certain of its acts in viola
tlon of the antitrust laws.
Where a corporation is engaged in
both domestic and foreign business
students CT the law declare that they
should make the export side of the
business into separate legal entity.
Where group of competing corpora
tions combine. new entity is auto
New-York tribune., 1918-09-22
FINANCIAL MEETINGS
SOUTHERN PACIFIC COMPANY
NOTICE OF MEETING.
100 broadway. New York N Y


A Special Meeting Of the Stockholders o.
the Southern Pacific Company viii be hela
at the office of this Company in Anchorage,
Jefferson County, Kentucky, on Wednesday.
October 9, 1918, at II o'clock noon stand
ard time, for the following purposes, viz
To authorize, approve and ratify CA tho
execution and delivery Of d contract or con-
tracts between this Company separately or
Jointly with any one or more or ali Of its
proprietary and affiliated companies as
party or parties of the first part and the
United States. or its representative. as
party of the second part. relating TO the
compensation to be paid for the possession,
use and control of the railroad and system
of transportation. and its appurtenances, Of
this Company and of such of its propre-
tary and affiliated companies IL arv as
shall be parties TO such contract, and to the
operation, maintenance and return of such
properties. and to any her matter con-
nected with or growing out of Tho taking
over Of the said properties by the President
of the United States, and Cd any action o.
the Board of Directors OF this Company In
respect thereto; TO authorize the sa 4 Board
% to alter, amend add to such con-
tract, CD 10 collect the compensa tion tc bs
paid under such contract, and. II said con-
tract be joint, 20 agree with the other
companies parties thereto to tho division
OF said compensa ton. and to take ali such
other and further action the said Board
shall deem necessary to secure adequate
compensation, proper use, operafi and
maintenance, and a timely return Of tas
properties SO taken over; and generally 20
consider and act upon any and al questions
and matters incidental to the purposes
aforesaid or growing out OF the Aforesaid
Federal Control of properties of This COM
pany and It's proprietary and affiliated COM
panieS.
For the purposes of the meeting the books
for the transfer of stock will be closed at 3
o'clock +. NJ, Tuesday. September "A. lsls,
and viii be rcopened AT 10 o'clock d. u.
Thursday. October 20. 1918.
BY order of the Board OF Directors.
HUGH NELL. Secretary.
New-York tribune., 1918-09-22
Slump i'm Cotton
Follows Price
Fixing Report
Market Breaks $50 Points
on Proposed Control
of Staple

The report from Washington that
President Wilson had told Southern
Senators in conference that the Ad-
ministration purposed to fix the price
of cotton and control it's distribution
yesterday caused flood of selling in
the New York Cotton Exchange, and
prices fell off 143 to 15O points to a
level cents a pound below that
which prevailed recently when the end
August crop indications were pub
lished. The latest advice from the
capital shattered the hopes of the
traders that protracted investigation
of the cotton situation might delay
price stabilization until after the pres
ent crop was marketed.
BY steady liquidation the traders ex-
pressed their belief in the correctness
Of the report, although it was reported
around the ring that Senator Smith, of
South Carolina, who acted as spokcs-
man for the Southern delegation at the
interview at the White House this
week, had told member of the Cotton
Exchange over the long distance tcle-
phone, yesterday morning that price
fixing was not discussed at the con-
ference, at which the problems of dis
trlbution and of consumption of the
low grades of cotton were considered
Absorption with the prospects of
paternalism in cotton was so complete
in the exchange yesterday that the
traders ignored the reports of low
temperatures and light to heavy frosts
coming from seven stations in northern
and western Mississippi and Tennessee.
Normally they would have been con-
ducive to rise in prices. The general
disposition, however, was to even up
commitments with the long interest
showing relative weakness or nervous
ness.
The local market for spot cotton was
steady and l3O points lower at 1855
for middling upland; sales nil. The
prices in the Southern spot markets
were as follows:
Galveston steady, unchanged at 335;
sales 335 bales. New Orleans dull, un-
changed at 1915; sales 954 bales.
Savannah nominal, unchanged at 32c;
sales $50 bales. Wilmington steady.
100 lower at $3.50; sales nil. Augusta
steady, l13 lower at 30.S7; sales ISL
bales. Memphis steady, unchanged at
$3.50; sales 1000 bales Houston
steady, 1875 points lower at 31.75; sales
6.403 bales. Little Rock steady, un-
changed at $3.50; sales 76 bales.
A comparison of prices follows:
New-York tribune., 1918-09-22
Regular Declarations

Geneva Cutlery Corporation Dividend O.
$3.50 a share the preferred stock. payable
October l to stockholders OF record Septen-
Der %.
Taylor Wharton Iron & Steel Company
Dividend of per cent on the common stock;
payable October l to stockholders of recofo
September "A.
Central Union Trust Company.-Q
dividend OF u per cent, payable October
to stockholders of record September 20.
Citizens National Bank.-Quarterly dfl'
dend of 212 per cent, payable October 70
stockholders of record September %.
Kansas Gas & ElectriS Company.-Quar'
terly dividend of ls. per cent on the pre-
ferred stock. payable October l to stockhod-
ers of record September q.
National Park Bank.-Quarterly DIVIDEND
of per cent, payable October l to stoeH-
holders of record September 20.
Triumph Oil & Refining Company;,,-
Monthly dividend of Il per cent payable
October 3 to stockholders Of record Septeai'
Der %.
Union Carbide Company.-Qusrterly diVF
dend of per cent, payable October l.
Western Electric Company. Qusrte1y
dividends of $3.50 share on the common
and ll2 per cent on the preferred stocss;
both payable September 80 to stockholders o.
record September u
New-York tribune., 1918-09-22
Relevant Comment
Harvester Dividend a Helm

Declaration of a common dividend
of s1.5O a share by the new Interna-
tional Harvester Company will work
out to the advantage Of the stockhold-
ers of the international Harvester
Company of New Jersey and the Inter
national Harvester Corporation, now
merged. On the basis of the exchange
of stock of these two concerns into the
new it is figured out that the dividend
Just declared If continued quarterly,
will be equivalent to So a share. Under
the exchange arrangement common
holders of the International Harvester
Company Of New Jersey received one
and one-third shares of new common
for each share of common turned in.
In the case of the International Har-
vester Corporation it is the first divi-
dend the junior shareholders have re-
ceived since 1914.
New-York tribune., 1918-09-22
Streetcar Disputes Not
Federal Court Matte,

COLUMBUS, Ohio, Sept. 21.-Juris-
dlction Of the Federal courts to decide
rate controversies between municipali
ties and street railway companies oper-
atlQg under franchise is denied bv
Federal Judge Westenhaven, of Cleve-
land, III decision handed down here
to-day. The court refused an iniunc-
ton to the Columbus Railway. Power
u Light Company to prevent the citv
OF Columbus interfering with the com
pany raising fares to S cents cash and
| cent for transfers from the franchise
rate OF eight tickets for 25 cents and
Tree transfers. Following an award of
increased wages to company employees
by the Federal War Labor Board in
settlement of strike, the street rail-
way sought TO abandon its franchise
raised the fares and applied to the
Federal courts for an injunction to
prevent the city from interfering.
Pending the court decisions and act
ing upon advice Of the City Attorney.
thousands of car patrons have been
riding free, it is said.
New-York tribune., 1918-09-22
why it should not be used to restore
the dollar to par in the neutral mar
kets.
Money and Credit

The local banks strengthened their
cash position last week in the face of
a large expansion in the loan account.
The weekly statement of the Clearing
House issued yesterday disclosed ex-
cess reserves of s65 5,535, 40, an increase
of $40, ,5S0,950 over week ago. Aggre-
gate reserves increased $43,076,000 to a
total of 1851 ,OS6,000.
Loans and discounts of the banks ex-
panded $72,64S,0O to a total of $4,5S9,-
o22,Q00. Net demand deposits increased
S22,S62.o00 during the week United
States government deposits increased
from s1S1. 1.o16,o00 to $253,21S,O00.
Discount Rates.-Ths following table
gives the current rates Of the twelve
Federal Reserve banks on commerc nl
paper on all periods up to nnety day ys:
New-York tribune., 1918-09-22
New York Firms
Under the Webb Law

Among the associations which have,
IN accordance with the law, filed re-
ports of the nature of their business
with the Federal Trade Commission,
are the following New York busi
nesses: the Allied Sugar Machinery
Corporation, the Allied Construction
Machinery Corporation, the Allied Ma
c:hlnery Company of America, the
American international Steel Corpora
ton, the American Steel Export Com
pany, the American Steel Export Com
pany's Brazilian Corporation, the Au-
tomobile Products Corporation, F.
Cranz, Inc; Cranz Importating Com
pany, Dodge & Seymour, Export Trade
Association, Factory Products Export
Corporation, Galban Noecker &, Co.,
Inc; international Clearing House
Of New York, Inc; Manufacture
els' Agents Company, Inc; Markt &
Hammacher Company, Mexican Import
ing & Exporting Corporation; Muller,
Maclean e. Co, Inc; Semtec, Ltd; W.
}: Sparks & Co.; Sydney Ross Company,
ton; Deco Company; De Lima, Correa
4 Cortissoz, Inc; European & Far
Eastern Sales Company, Farjarde
Bros. & Co., Galena Signal Oil Com
pany Of Brazil, Helsam Company, Par
sons d Whittemore, Texas Company,
Zaldo Martinez Export Company,
Inc, and Zocola Company.
In commenting on the reports sub
mltted by the foregoing and other as
sociations, a representative of the Ex-
port Division of the Federal Trade
Commission said to the "Tribune:"
The list of names of those who have
submitted reports is made public, ire
spectlve of whether they are 'associa-
tons within the meaning of the act,
as defined therein. 1t has been noted
that many reports have by filed by
.assoclations,' which do not purport to
be organized for the sole purpose of
engaging in exporting to foreign coun-
tries. Whether or not such associa-
tlons actually engage solely in export
trade will be matter of proof, when
the activities of a given association
is being considered"
Inasmuch as the American Govern
ment and the Allies are the purchasers
of nearly the whole of the outputs of
American factories the opportunity for
free trading in foreign countries ap-
parently will be small as long as
the war lasts, especially in view of
the rigorous restrictions and in
hlbitions placed upon foreign COM
merce by the War Trade Board. In
fact because of war conditions the
Webb law now allows virtually nothing
more to be done than could be done
before the act was passed. The Webb
law was designed primarily for after
the war business.
New-York tribune., 1918-09-22
Organization Problems
Now Being Solved

Because of this fact, many business
units which expect to take advantage
of the Webo law deem it unnecessary
to file reports of their intention with
the Federal Trade Commission at the
present time. They argue that since
the new machinery can not be used un-
til the war is over, it is unnecessary
to construct the formal instruments
at this time
mining the methods of trade interests
which may develop into associations
that will cover whole industries. does
not preclude active preparation. 1t de-
ters the units from organizing for
mally, but the formalities constitute
merely the legal recognition of an
effected arrangement. The important
work of reorganization and negotiation
among competitors is now going on.
Business men hail the present time
as an era of good feeling among COM
pettors, who are drawn together by the
common purpose of helping America
to crush the common national enemy.
This of all time. they argue, is the time
to discuss and prepare for cooperation
in foreign trade. 1t is held that after
the war, if nothing is done until that
time in preparation for foreign trade,
the old doubts and enmities within in
dustrles may arise and cooperation
rendered more difficult, if not impos-
sible.
To a very large extent, therefore,
parleys are now being held in in
dustrial and trade centres of this
country between competitors. The
business units are working on blue
prints, as it were, for the foreign trade
structures they purpose to build as
soon as peace comes. Such questions
as whether a single association shall
cover all the units of an industry or
whether they shall be several as
sociations with price agreements among
themselves. which of existing selling
organizations in foreign countries shall
be dropped and which retained. shall
goods sold in foreign countries through
t3e Webb law associations be sold out
right by manufacturers TO the associa-
tons or merely consigned to them-arc
the kinds of basic business problems
which are now being COPIED with. When
they are settled, all that will remain
will be the legal task of Incorporating. #
the association decides to take the form
OF corporation and then fling a re-
port as to the nature of the association
with the Federal Trade Commission.
New-York tribune., 1918-09-22
The Dollar in Foreign Exchange

Net changes in the exchange rates
on foreign countries in the week end
ed yesterday were unusually slight. AL
though the neutrals fuctuated up and
down, all except Switzerland and Spain
are at the same level as week ago.
Swiss francs, whose tendency was
weak, declined most notably. The
dollar would buy 4.44 Swiss francs
yesterday, against 4.33 the previous
Saturday. Pending the official an
nouncement of the details Of the
American credit arranged in Spain.
fates on Madrlu continued to be easv.
STERLING and French exchange re-
NAMED almost absolutely stable dur
ing the week. At the beginning of
the week the neutrals were Weak. whon
Austria Hungary sent out her offer for
confidential and non binding inter
change. of views: but they trmed up
when it became known that the Allies
would promptly reject the proffer.
The volume of trading in exchange
during the week was relatively light
and short covering was a factor in the
daily fluctuations. The transfer of a
part OF the funds held in this city bv
Individual Japanese bankers to the
imperial government of japan was an
Important development of the week.
ne Nippon bankers were credited with
balances in Japan for their New York
funds, which they were unable to shin
on account of the American embargo
on the export of gold.
IT you calculate the cost of the dol
lar in terms of foreign money at par
value-that is, if you were buying dol
lars with pounds, marks or francs--its
value at the close of last week, as com
pared with year ago, would be about
as follows:
New-York tribune., 1918-09-22
Price Level at New High
Commodities Up SO Per Cent
in Four Years

The general level of prices, as meas
ured by Dun's index number of whole
sale commodity quotations, is now
nearly % per cent higher than at the
outbreak of the war. The new hich
level attained on September i was
S22332.SS2. This represents a rise Of O a
per cent above the former record fig
ure of $3.50 .575, established on july I. .
Compared with $215.O1O of Septcm-
bcr l, 1917. however, an advance of So
per cent was shown. The rise in the
September l index number, it was
pointed out. would have been higher
had it not been for decline of 2.5
per cent In the hrcadstufs total, which
fell from SOL .620 to S5O211
New-York tribune., 1918-09-22
Commission Pledges
Aid to Business

The Federal Trade Commission.
which strongly recommended to Con,
gress the passage of the Webb act,
VIII strive to have the law carried out
IN accordance with the spirit with
which it was written. 1t purposes to
AID business concerns and grouns
which want to combine for foreign
trade, and desires to stimulate com
merce after the war in any way it can.
Asked what the policy of the commits
sion VIII be In the matter of aiding as
sociations that desire to come under
the Webb law, John Franklin Fort. one
of the members of the Federal Trade
Commission and former Governor of
New Jersey, told The Tribune:
Very much will depend upon care
full compliance of the act in the mat
ter of formation of associations for
foreign trade under the act, and great
care IN forming the associations must
be taken to see that they are to be en-
gagged solely in export trade, otherwise
they may get into difficulty under the
sherman law. 1t is the purpose Of the
Federal Trade Commission to be as
helpful to the business interests in
this regard as possible. We will rem
DER all the assistance that we can"
The Webb law strike at the keynote
OF the future of American foreign
trade. Those who think it is panacea
are bound to be disappointed. Its real
effect is to remove the fetters from the
American exporter and to set his
energies free.
New-York tribune., 1918-09-22
Labor Shortage Hits Conners

shortage of labor is hurting manv Of
the copper producing companies Tha
problem is particularly acute in tho
Lake Superior country. An cxample of
us eHect on output is seen in the re-
duction of 100000 pounds in the con-
Ter I production of the rich Calumet and
,nec,a ,! properties during August. The
p,ppuuGtion lupu;1; OF this company and its
S1a SuoS,u1arles oon last month aggregated TO-,
oao ao'ooo pounds, compared with 14.949-
600 pounds during March. the 4'naoi nj.
VIE peak
New-York tribune., 1918-09-22
Surveying Copper Conditions

copper producers point out that the
'a'i'ng OF of production as a result
OF the labor scarcity hurts in more
ways than one. In the first place it
reduces the amount of copper available
lor war purposes. Secondly, costs
mount as production falls. In the
Inlrd Itnlrd place, gross revenues decline.
copper companies are therefore watch
ing with keen interest the result of
me canvass of the Department of Labor
%nlch at the instance of the Ordnance
department. is sending questionnaires
70 tne various companies with view
TO determining how they are being
New-York tribune., 1918-09-22
Extras

Bank of Manhattan Company-An
extra dividend of 80 cents share N
addition to the quarterly dividend OF
81 share. both payable October to
stockholders of record September %
Ogilvie Flour Mills. Ltd Extra diyi-
dend OF Is per cent on the common
stock in addition to the regular guar
terly dividend of per cent, both pay
able October l to stockholders of rec
ord September 27.
New-York tribune., 1918-09-22
Boston Notes Sold Here Privately

The City Of Boston offered in this
market last Thursday s2,5oo,Ooo notes
maturing November is, but none of
the bids received was acceptable. On
Friday the notes were taken by a pri-
,vate banking firm on 4.4O per cent
basis. On the same day the City of
Worcester sold 100000 short term
notes on a 4.19 per cent basis, The
New-York tribune., 1918-09-22
Higher Fares Allowed

WASHINGTON, Spet. q. - Permis-
sion to increase passenger rates to a
~ cent per mile basis was given the
ONO Electric Railway Company to-day
oy the Interstate Commerce Commits
sion. lhe increase affects rates be-
mantown, Dayton, Columbus. Zanes.
VILE, Newark, Springfield, Lima and
Toledo, Ohio, and Richmond, Union
City and Fort Wayne. Ind.
New-York tribune., 1918-09-22
Dividends
Specials

Great Western Sugar Company
special dividend of 10 per cent has
been declared in addition to the regu-
lar quarterly dividend of IL per cent
on the common and preferred stocks.
all payable October to stockholders oil
record September Is.
New-York tribune., 1918-09-22
Argentine Beef Shipments

During the first half of this year
Argentina shipped 20 other countries
2,811,343 quarters, as against 2,5ll Avn
but exports of chilled beef lquarters
totalled only 2S,544. compaked WIZ
amounted to 454, 1855 csrcassel, as eolss'.
pared with 665. 5.797, and of frdzen iar,sg
to 93,842, as against 2S7.0S2 Aast yesA