davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-09-26
Relevant Comment
American Mailing Dividend Passed

American Mailing Dividend Passed
American Mailing directors yester-
day voted to discontinue dividends on
the first preferred stock, which have
been paid at the rate of III per cent
quarterly since November, 1917. The
uring malt, in accordance with the rul-
ing of the food administration, and, as
plans are nearing completion providing
for the liquidation of the company, 1t
was deemed wise to conserve the re-
naming assets for liquidation pur-
poses. The dissolution plan is being
handled by a special committee headed
by William Forbes Morgan.
American Ice Dividend Explained
Commenting yesterday on the dec
laration Of an extra dividend Of l per
cent on the preferred stock of the
American Ice Company, in addition to
the regular quarterly distribution Of
IA per cent, President Wesley M. Oler
said: "This extra dividend was de-
clared so as to bring the total amount
paid to stockholder in the present
fiscal year up to per cent, the rate
to which the stock is entitled. During
the first three fourths of the year the
company paid 4 per cent quarterly,
or at the rate of 5 per cent annually"
Taxes from the High Seas
Shipping companies, having pros
pered greatly from the urbrecedentedly
high ocean freight rates, are paying big
war taxes. An example is furnished
in the case of steamship concern
which has headquarters in Boston. Last
year this company, which has capital
stock outstanding Of s1,000,0OO, paid
the government $1,200.000 in taxes, or
at the rate of S120 a share.
Will Discuss Copper Prices
Copper producing interests are plan
ming an informal conference to talk
over the matter of a new price sched-
ule. A meeting will be held in Wash
ington the middle of next month, when
the War Industries Board will take up
the question: of copper prices. The
present price of 2612 cents pound is
effective until November /.
New-York tribune., 1918-09-26
New York

New Harvester Stock Certificates
hlsted-The governing committee Of
the Stock Exchange yesterday admitted
TO trading $60000,00O temporary Ger
titicates representing the preferred
stock of the recently merged Inter
national Harvester companies and
SSo,OO0,00O certificates representing the
common stock. There was also ad
mitted to list 100000 additional pre-
ferred stock of the Weyman- Bruton
Company
New-York tribune., 1918-09-26
Coffee, Sugar, Tea and Cot.
tonseed Oil


Sugar, granulated. per b.. "a,
Coffee. Rio No. Z, per b.. ga ss. @'
Cottonseed oil, per lb ~
Coffee Futures.-Price fluctuations
in the market yesterday were un;u.
portant, prices opening and CLOSING
unchanged to decline of 4 points
Transactions were confined to tho
March and July positions. with mod.
crate switching of December and March
to later months. Rio spots were r.
reis lower, Santos unchanged and
futures so to 100 reis lower. Pio ex.
change on London has declined IN
about the low point reached early N
the summer
During the afternoon the food ad.
ministration at Washington sent thu
following telegram to the Coffee Fx.
change: "The attention of the coffee
trade is called to rule No. 234 Of n.
War Trade Board, dated September 10
and effective October /, 1918 that i'm.
port license numbers will in the futnr.
be accepted by United States consuls
at the port Of shipment only on direc.
information from the War Trade Board
either by cable at the licensees er.
pense or by mail as directed. Consular
agents are not permitted to accent
license numbers furnished them by
shippers as they have heretofore done
Importers who wish their numbers
cabled should Immediately arrange
with the Bureau OF Imports, War
Trade Board, Washington, for this ser.
vice"
New-York tribune., 1918-09-26
Finance . Economics
WALL STREET: OFFICE:
Mills Building, is Broad ST..

Emerging suddenly from the rut
in which the whole market had been
moving for some days, International
Mercantile Marine preferred became
exceedingly active yesterday after
noon and rose to JOG, the highest
point reached since early summer.
Those who were familiar with the
recent history of this stock hardly
bothered to look for an explanation
of the squirt. Obviously, the "deal
on" sign had been hung out again.
This was the "news" as printed on
the ticker:
Negotiations for the sale of the
British subsidiaries of the Interna-
tional Marine Company are rapidly
coming to q head, and it is learned
in official circles that definite an
nouncement regarding the consum-
nation of the transaction can be cx-
pected by October Is. Details con-
corning the plan are not available,
practically all the difficulties which
stood in the way of the completion
of the deal have been overcome"
The only confirmation" obtained
yesterday was statement by one
of the directors that "the affairs of
the company might be taken out of
the realm Of argument" before long.
1t is to be hoped that they will, for
they certainly have been in the
"realm of argument" long enough.
But the report is so strikingly SIM
liar to many others which have
preceded it that it was not accepted
at it's face value. On numerous oc-
casions in the last five months these
reports have been given circulation,
but in each case, after a substantial
rise in the price of the stock, the
expected announcement that the
deal had been completed failed to
materialize, whereupon prices would
recede and the issue would then lie
dormant until new crop of rumors
was sown.
Thus, on May IS, the negotiations
were proceeding satisfactorily"
and day or two later they were
virtually completed" On May %,
however, there had been mo fur
ther developments" and the market
quieted down. Then, at the close
of the month, the preferred enjoyed
another sensational rise, to the ac-
compartment Of statement by the
president of the company that nego-
tiations were still going on, but "the
matter has not yet been definitely
closed" A day or two later it was
that "a plan for selling the
assets is practically ready for an
There followed a re-
ported "hitch in the negotiations"
and a reaction in the stock. A lit
tie later real slump came, thus
completing the cycle and making it
possible to start the movement all
over again.
1t would be tiresome to recount
all the similar swings in Marine pre-
ferred; it is only necessary to say
that each time the movement has
been accompanied by a flood of ap-
parently inspired gossip, calculated
to create the maximum speculative
interest in the stock. The eve of
Liberty Loan campaign is no time
for another Marine episode, and it
is to be hoped that if the report
published yesterday is without foun-
dation it will be officially denied,
or, if it is true, that it will be Of
ficially confirmed.
New-York tribune., 1918-09-26
Butter, Cheese and Eggs

Butter.-Receipts to-day were 7,143
packages Creamery, higher than ex-
tras, pound, 62h M63c; extras, 92 score,
81 12 M62c; frsts, 80 to 81 score, $50
Gle; seconds. 83 to 81 score, 53M58c;
thirds, Asa SIC; unsalted, higher than
extras. 641s G65c; extras. 631a064c;
trsts, 60G63c; seconds, 55(059c; state
dairy, tubs, finest, 601s@61c; good to
prime, 564l60c; common to fair, 46Cd
soc; renovated, extras, 49i165Oc;
tirsts, 4S@49c; lower grades, 43047c;
imitation creamery. firsts, 45M46c; la
dies, current make. tirsts, 421a@y43c;
seconds, &c; lower grades, 39Gl
gore; packing stock. current make,
No. ], 4lc; No. 9, 4O(a 4O1ac; lower
grades, 37a 3912c.
boxes State, whole milk. fresh fats.
specials, colored, lb, 29A a 30c; white
29@ Soc: average run, colored. 291ac;
white, 29hc; lower grades, goa 29c;
twins, specials, 29G3 average run,
z9.d2912c; lower grades, 26(0 281ac;
Wisconsin, single daisies, 3O031c;
double daisies, 30c; Young Americas,
3O1aM31c; state, skins, specials. 231s
G12412c; prime to choice. 22@23c: fair
to good, l9@21c; lower grades, sQl7c.
Eggs.-Receipts to-day as reported
by the New York Mercantile Exchange
were 1912 packages Fresh gathered
extras, per dozen, 53@54c; extra frsts,
5l(952c: tirsts, Asa soc; seconds, 44@
4Ic; under grades, 40@43c; state,
pennsylvania and fresh gathered dir
ties, No. l, 40M4lc; No. and poorer,
36n S9c: fresh gathered checks, good to
choice, dry. 36@37c; under grades, 80
(a3oc; refrigerator, special marks,
charges paid, 431a@441sc; seconds,
charges paid, 42@43c; state, Pennsyl-
New-York tribune., 1918-09-26
Gulf States Co. Changes

The Gulf States Steel Company an
nounced yesterday that in order to
ment it has suspended it's large export
business and its domestic barbed wire
business. Other business has been sub
stltutcd at an operating loss largely due
to fixed prices and increases of 100 per
cent in freight rates on furnace raw
materials and the heavier cost of labor
These were named as the prin-
clpal factors accounting for the small
net earnings for August amounting to
$72,24O before taxes. Operating income
Tor the eight months ended August 81
before taxes was $1,475.827.
New-York tribune., 1918-09-26
News Digest
Foreign

London Exchange Quiet.-LONDON
Sept. 25.-Moncy was in strong de-
mand on the market to-day and
discounts were steady. The Stock
Exchange was generally quiet
with confident undertone. Home
rails recovered on the prospect of an
carly termination of the railroad
strike. Gilt edged securities were
maintained. Land shares and ship
ping and engineering stocks brought
the best prices. OF the other sections
Mexican securities received the most
attention.
Paris Bourse Steady.--PARIS, Sept
25.-Prlces were steady on the Bourse
to-day. Three per cent rentes brought
63 francs for cash. Exchange on
London was at 26 francs centimes.
Five per cent loan sold at SO francs 25
Centimes.
New-York tribune., 1918-09-26
Wsggin Succeeds Frew
In Clearing House

At the annual meeting of the New
York Clearing House Association, to be
held next week Tuesday, Albert H. Wig.
Gin, Of the Chase National Bank, will
be elected chairman of the Clearing
House committee to succeed Walter f.
Frcw, of the Corn Exchange Bank, who
has held that place for the last year.
The change will be in keeping with the
custom Of the Clearing House Associa-
tion to rotate the office annually.
New-York tribune., 1918-09-26
Other Cities
PENNSYLVANIA Railroad Meeting {

Fennsylvania Railroad Meeting Called.
-PHlLADELPHlA,S Sept 25.-The di-
rectors of the Pennsylvania Railroad
Company to-day issued d call for a
special meeting of stockholders on Oc-
tooer 80 to act on the agreement with
the government and others matters
growing out of the Federal control of
the companvS property.
New-York tribune., 1918-09-26
ANACONDA Copper MINING co.

A. broadway, New York. Sept. "a, 1915
The Board Of Directors OF the Anaconds
copper Mining Company has declared =
dividend of Two Dollars (S200) per shafs
upon its Capital Stock of the par value o.
so0 per share, payable oil November e:
1918. to the holders OF such shares OF
record at the close of business at IL O'CLOCK
Noon, on Saturday. October ~. 1915.
The dividend is payable only upon 'ns
SoO shares into which the Capital Stock
now divided.
All stockholders who have not conveItea
thelr holdings into shares Of $50 par Vsiu'.
should do 80 without delay in order 'ns'
they may receive their dividend prompus'
A. II. AfELIN, Secretar'
New-York tribune., 1918-09-26
Livestock, Meats, Provisions

FOLLOWING yesterdays pEiccs compared VIII
those OF year ago:
Yesterday. A year aso
100 ID ...... .sI4.25 @sI8.5o $3.50 asI5zo
Dressed beef sides.
ID ..-.,.-.-,... ~ q 20 .iS q .23
100 ID ........ 1900 a 2foo 1900 a 100
Drcssea -ea.s. city
Live ewes. 100 10 800 q 1850 $50 q iI5O
Lambs. fair 10
prime. 100 ID. 100 q 1880 1900 a 1915
Dressed mutton. Ii 10 a .2i Is a II
Dressed lambs. ID 20 a 80 20 a rs
ilogs. 100 ID. ....20.25 a 20.50 1910 a -
Dressed logs. ba-
con- Id 49,. .2et40 .2s, 257s0 .Sl,
Ness pork bbl. $500 O $3.50 800 a 475o
Mess less BEEF. b6l: $500 q $500 2sOe 8 5000
ID ........... IS SOC a 26. .soc 25.4oc a 25.5oc
New-York tribune., 1918-09-26
DIVIDEND NOTICES
lhe American Agricultural
Chemical Company
NeW YOrk Snr1ter1hl

Now York, september II, lslf
A quarterly dividend of one and ne-hai
per cent q y ca on the Preferred Stock Of
this Company (No. 53l. and quarterly
dividend Of two per cent (2:o) on the Com
mon Stock (No. 2S) have been declared
payable October 18th. 1913. TO stockholders
or record at the close of business On Thurs
day, September 10Th, 1918
THOMAS A. DOE. Treasurer
New-York tribune., 1918-09-26

The above rates express the cost OF
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling at. say. sa.7560. The intrinsic
parity is s4.3G3s per pound. Thus you
say either that pounds arc at a dis
count or that dollars a:c at 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 &C.
counts in England.
New-York tribune., 1918-09-26
Cottonseed Oil Futures

Cottonseed Oil Futures-The market
was without new feature. contracts be-
lng entirely nominal. while in the cash
positions operations were again of
hand-to- mouth character A fair trade
was said to be going on in crude oil
IN the South, but it will be some weeks
before the new crop refined oil will he
available here.
New-York tribune., 1918-09-26
, Commodities :

vania ana nearby Western henn.rv
whites, fine to fancy, 65G68c ordinary
to prime, 45C64c; gathered whites. or,
dlnary to fine, 45M65c; Western ana
Southern gathered whites, 45dsoe.
state, Pennsylvania and nearby ben',
merry browns, 54M57c; gathered brow
and mixed colors, 46ld sc. '"n
New-York tribune., 1918-09-26
CLEVELAND, CINCINNATI. CHlCA'V
s. ST. LOUIS RY. co.

Grand Central TerMInAI, n,f
New York, Sept. Il. lsts, l,s,,.
Conditioned on the approval OF the ~
tor General Of Railroads being gSsTTtJI pTtJi
PER CENT. (si.a5 per share) on the 'ss i.
ferred stock OF this Company has psea a,si
clared payable on Monday. Oct, 2lst, 2so.a ~, !,
TO stockholders OF record at me ei0's
business on Tuesday. Oct. LIST. lsls.
MILTON S. BARGER. Treasure.
New-York tribune., 1918-09-26
DIVIDEND NO. l4s M
THE HANOVER FIRE INSURANCE w.

New fork, sept II ..,,rs
At meeting Of the Board Of DiTectSrs1s S.s
held this day. Quarterly Dividend o, ot,,r.S, I'd
and One-half q ~ Per Cent. was 1esaa.' nssss Of
payable October lst. 1918, at the Oln'ee IN.
"a & 36 Pine Street. TO stockholoe's' s's,s
record at close of business Sept. 2Sro s.,h
Transfer books to be closed from Sept,
TO Oct. lst, 1913, both dates inclcsNe-
q s JARVIS. Secrelel!'
New-York tribune., 1918-09-26
INTERNATIONAL PAPER cOMP,AaMM

Now 1OTK, SeptelHNe NeI -0',.-sA
The Board of Directors have declsa, ops-
regular quarterly dividend OF one ans.r,si anS
capital stock of this Company. psiTa pis.iiaa
October 18th. 1913. TO preferred stocAnns.ts. nsts.
ers of record at the close OF business
Der 9TH, 1918. ..,,
New-York tribune., 1918-09-26
UNITED STATES
COMPANY

A regular dividend OF one per cent. az
an extra dividend OF one-haif OF orc psii
cent. has been declared on the Cap.,s,
Stock OF this Company. payable Nopen'ysus ~
LIST, 1918, TO stockholders of record a. ~
close OF business on October 18th, 1919
\. II. CAMPBELL. Treasure
New-York tribune., 1918-09-26
Hay and Straw

Yesterday
(Per tom year ago
large bales. $4,000 $500 s24.ooa2s.uo
No. cloved mxd 35.oo@36.O0 2oooG22.M
Rye straw. No l 10000 1900 =
New-York tribune., 1918-09-26
> u s t e n a n c e
Cereals

Wheat.-The movement of wheat at
interior points is beginning to show
the effects of the embargoes under
the permit system. At least, receipts
were about 100000 bushels less than
, last week, although on the whole the
movement continues abnormally large.
Tremendous stocks are being built up
at the primary markets, and it is ex-
pected that within short time the
visible supply figures will exceed any
previous. record. 1t is believed that
much of this wheat will be carried
throughout the winter. The export
movement continues Of fair proper
tlons, with weekly shipments running
in the neighborhood Of 100000 bush
els, and this is expected to be enlarged
as the tonnage situation improves
Weather conditions have been excep-
tionally favorable for starting the new
winter wheat crop. and a very large
acreage is anticipated.
Corn.-Underlying sentiment in the
corn market leaned more to the bull
side on the theory that the technical
position had been materially strength
ened by recent heavy selling. More
over, the movement at interior points
have given evidence Of falling off, and
tirmer Buyers were inclined to be eau
tious, however, and throughout the
greater part of the day the market
was feverish, running up toward the
close, with final quotations / Il to l sc
net higher The trade at large is not
disposed to look for any prolonged
curtailmcnt of the movement, and the
new crop is expected to be on the
market earlier than usual. The weekly
t1or. k,-1 Lott ,,,J; ,,i
little or no serious damage by last
weeks frost, although it is said that
ripening has been somewhat retarded
Yes'day's Previou, Year
Corn: m" No. '; yellow sfis4 si% s2.s
Chicago:
SsSs%bef Ss'ssSf .::.::: 1:as 49, 1:zs's 1:ss's
Oats.-The oats market was steady
to firm, closing with net gains Of 11c
to &c. The buying was less aggressive,
however. Advices from the West indi-
Gated further inquiry from exporters,
but it was the impression here that ex-
port buyers were not disposed to pay
higher prices.
Nav v., Yesterdays Previous Yea,
Oats. No. white. iG So sI .s5H .seI. sso,
Chicago:
Se3s%5sf Ssssssf :::: ::::::: = e :73ss :73ss
Rye.-Market steady
Yesterdays Previous Yea,
New York: close. close ago
Cash, No. West. .S1.72 S172 s1.e8
Flour and Meal.-Quotations we're:
Yes'day's Previous Yeas
Flour. Minn sps. patsi5oo s1'oo fooe' SEES sSS
Cornmeal yellow, gran $50 4.5o 1000
Rye -four, choice..... 900 800 1890
skin dried
New-York tribune., 1918-09-26
American Telephone & Telegraph |"

a dividend OF Two Dollars per shsasts b
be paid on Tuesday. October 10, Sutt-
ness on Friday, September 90. 1918.
G. D. MILNE. Trsas"
New-York tribune., 1918-09-26
The Dollar in Foreign Exchange

Fluctuations in foreign exchange
rates were extremely narrow ycster-
day. and the volume of trading was
light. Francs were a trihe tirmer and
reutrals were steady. Rates on Lon
don were unchanged.
Closing rates yesterday compared
with week ago follow:
Quoted dollars to the pound.l
New-York tribune., 1918-09-26
Telephone
Hanover 6St4

Federal Reserve banks on commercial
paper for all periods up to ninety days:
New-York tribune., 1918-09-26
Money and Credit

The bankers money committee put
out a moderate amount of call funds
on the Stock Exchange. Rates were
unchanged yesterday at 6 to 61a per
cent.
The market for fixed date funds con-
tinued deadlocked. No new money is
being offered by the banks and matur-
ing loans are being paid off as they
come due. Borrowers arc bidding to
61s per cent for time money without
obtaining funds, owing to the policy of
the banks of not increasing their time
commitments at this time
Ruling rates for money yesterday,
compared with year ago, were as
follows:
Yesterday. Year ago.
Per cent. Per cent.
New-York tribune., 1918-09-26

Kerr Lake Mines, Ltd. - Total re-
ceipts for the fiscal year ended August
81 amounted to $65O041, compared With
$666,441 for the preceding year. Ex
penses, taxes, etc, totalled s55,041.
against $21,175. Surplus was s595,141'
making a total surplus of S6O2 900
from which dividends of 100000 were
deducted, leaving a profit and loss sur.
plus of $1,000.
New-York tribune., 1918-09-26

Sub-Treasury. The banks lost
$261,OOO to the Sub-Treasury yesterday.
Silver.-London 49k, unchanged;
New York. 1011 1sc, unchangcd; Mexican
dollars, 7Sc, unchanged.
London Money Market.-LONDON,
Sept. 2o.-Money was firm at per cent
Discount rates were short and three
month bills 3 1872 per cent. Gold
premiums at Lisbon were 10000.
New-York tribune., 1918-09-26

Bank ClearIngs.-Bank clearings yes
terday in New York and other cities
were:
Exchanges: BALANCES:
New York. 49,. $533,795,619 $60,989,854
Philadelphia. 66,395,e19 12,560,996
New-York tribune., 1918-09-26
On mixed collateral s 4
On industrial c'l'tI. 6Ia

Call money:
On mixed collateral s 4
On industrial c'ltl. 6H
Time money (mixed collateraD:
Sixty days ........ 6 5La@6
Ninety days ...... s 5Ia@6
Four months ...... 6 5lA@6
Five to six months. 6 5R@6
Commercial Paper.-The demand for
commercial paper has fallen off. Rates,
however, remain firm around per cent
Bank Acceptances.-A larger volume
Of bills is moving, but the demand is
light Rates yesterday were as fol-
lows:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent. Per cent Per cent.
Z igi bic
banks. :. .4A@4 47s@4I4 4ss@44
+ i gible
nonmem
Der banks.414@41s 4aa@4h 4as@4ss
Ineligible
bank bills.5A@4 64@424 5I4@424
For delivery within thirty days:
Per cent
Eligible member banks. ......... AZ,
Eligible non-membcr banks. asa
Ineligible bank bills
Discount Rates.-The following table
gives the current rates of the twelve
New-York tribune., 1918-09-26

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., 1918-09-26
Corporate Returns

Kerr Lake Mining Company, Ltd
Total income for the year ended Au-
gust 81 last was $2,394.218. which
compares with S1,909,46 for the year
before. After expenses, etc, of S721,
902, balance amounted to S1,672,316
Dividends were $650,000, leaving a sur
plus of 81 1,022,316.
Niagara, Lockport & Ontario Power Com
New-York tribune., 1918-09-26

Oats.-The oats market was steady
to firm, closing with net gains Of y C
TO &c. The buying was less aggressive,
however. Advices from the West indi-
Gated further inquiry from exporters,
but it was the impression here that ex-
port buyers were not disposed to pay
h jphar Dricpc
New-York tribune., 1918-09-26

Discount Rates.--The following table
gives the current rates of the twelve
New-York tribune., 1918-09-26

Commercial Paper.-The demand for
commercial paper has fallen off. Rates,
however, remain firm around 6 per cent
The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1918-10-25

Men swho know Mr.. Herbert Hoover
closely say that he is always care1ui
and cautious and conservative In
every statement that he makes.
!; So when Mr.. Hoover comes out
with the remark that American peo'
ple can save a million American lives
by saving food. every boy and girl
and man and woman In this country
ought to stop and listen and think.
Mr.. Hoover lived for years IN
Europe. He was in the middle OF the
war for three years. He has just re-
turned from a trip to France. he is
lin as good a position to give war
dope" as almost anybody In this
country. And he says that the war
can be won next year.
/, But there is big IF"
"If," says Mr.. Hoover, eff the Amer
lean people, out Of their food econo
mics, will save the food necessary tt
maintain the strength Of the armies
and allied civil populations
But it," he says further, by faii
/ IRE to save food and enable th'
United States to increase by one
third it's food shipments to France
the war Is prolonged to 1920, the ma
ton is warned it will cost an add
tional million American lives.