davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-05-17
Dividends
Extras

Extras
Cambria Steel Company.-An extra
dividend of K per cent has been de-
clared in addition to the quarterly
dividend of 1ia per cent, both payable
June Is to stockholders of record
May 81.
Ohio Oil Company.-Extra dividend
of $4.75 per share in addition to the
regular quarterly dividend of S1.25 per
share has been declared, both payable
June 20 to stockholders Of record
| May %.
Quaker Oats Co1npany.-Extra divi-
dend of l per cent on the common in
addition to the regular quarterly divi-
dend of 8 per cent, both payable July
Is to stockholders of record July /;
also tho regular quarterly dividend of
II per cent OH the preferred stock.
payable August 81 to stockholders Of
record August i.
Globe OIL Company.-An extra divi-
| dend of per cent has been declared in
addition to the regular monthly divi-
dend of Il per cent, payable June 10
to stockholders of record May %.
Regular Declarations
British-American Tobacco Company
| income tax.
California Packing Company.--Quar,erly
dividend of 13 per cent on tho prctorrc,l
stock payable July l to stockholders Of rec
ord June Is.
Cudahy Packing Company.-Quarterlyd div
idrnd of Y. per cent on the rreferred
stock. payable juno Is to s.ockh.idrrs of
Davis-Daly Copper company.-1n1ti.l div
idcnd of soc per share, payable. June % 70
stockholders Of record June 3.
Fairbanks. Morse & Co.-Quarterly divi-
dend of Y per cent on the preferred stock.
payable June ! to stockholders of record
May 81.
Federal Mining & Smelling Companv.-
Quarterly dividend of IA per cent ua the
preferred stock, payable June Is to stock
holders of record May 25.
Mid-Continent Consolidated Oil & Utili-
ties Company Quarterly dividend of soc
per share, payable June / to Stockholders
Of record May Is.
Montreal Cotton Company.-Quar.erly .,,v-
idends OF IA per cent on the preferred an.i
per cent on the common stocks, payable
June 10 to stockholders of record May 81.
Philadelphia Electric Quarterly
dividend Of lA per cent, payable June Is.
Solar Refining Company.-Scmi-annu
oividead OF 50 per share, payable from l9l s
earnings on June 20 to stockholders Of rec
ord May 81.
WESTINGHOUSE. Church. Kerr & Co.-Quar-
teriy dividends of 13a per cent on the
preferred and IA per cent on the common
stocks. both payable June 10 to stockholders
OF record June /.
United States Gypsum Company.-ouar-
teriy dividend OF ! u per cent on the pre-
ferred stock. payable June 80 to stockholders
of record June 20.
United States Industrial Alcohol Com
pany;-Quarterly dividend of 81 per share.
payable June IA TO stockholders of record
May a8.
New-York tribune., 1918-05-17
The Dollar in Foreign Exchange

Neutral exchanges continued to dis
play strength yesterday, with the rate
on Switzerland going to 3.9s francs to
the dollar for cable transfers. new
high record for the war period. Bro
kcrs reported short supply Of Swiss
bills. due mainly to the heavy falling
off in American, exports to Switzerland.
Exchange on Holland rose sharply also
and guilders touched 5OA cents for
cables. which was the highest on rec
ord Scandinavian rates advanced.
Other rates showed no important
change from the preceding day.
Closing rates yesterday, compared
with a week ago, follow:
Quoted dollars to the pound.)
New-York tribune., 1918-05-17
A prominent Stock Exchange firm
has this to say about the market,


has this to say about the market,
Allied preparations to meet the
Of the Allied commanders in feeling
battle moves Of tho tn. &c German rn1s'aSGrS birS
command, served to restore conf
dence here and inspired a moro
hopeful outlook. Overweenine con-
fidence, however, is not warranted bv
conditions existing to-day, and set
backs are to be expected and pro-.
vided against. The price movement
has been rapid-most too rapid. in
fact. A slowing down in the pace
is to be expected, If not actually to
be desired. The war is not ending.
1t will not be won or lost on the
present front in France. As for the
United States, we are Just getting
into 1t on large scale. We must
prSpare for reverses while hoping
and striving for victory. Otherwise
we may find the market, and public
confidence as we'll, undermined and
demora!ized by unexpected disaster
to our forces on land or sea. Steadi-
ness is the quality most to be de-
sired at this time, In the markets no
less than in the country at largo.
This is sound advice. It is easy to
be overconfdent when prices are
rising, but it is better to be cautious
when there are SO many uncertain
ties to be met as may lie in the
immediate future.
New-York tribune., 1918-05-17
Commodities
/ N q u S trial
Cotton


After several days of rapid declines
the price of cotton climbed i; .sterday.
July contracts sold up to 25.75c, or rs
points net higher than Wednesday. and
closed at 25.4Sc. Although toward the
close the market became conspicuously
nervous and irregular, the general list
closed at a net advance Of rs to So
points.
Cotton men found it difficult to ex-
plain the shift in the price trend, which
was in the face Of continued favorable
weather conditions in the South. The
selling of the two previous days, it was
contended, had discounted the immedi-
ate influence of improved crop condi-
tions. The advance reflected a firm
technical condition Of the market.
Few outsiders participated in the
ously thin. Members of the Cotton Ex-
change complained that prices dropped
W, en- they wanted to sell and spurted
when they desired to buy, indicating
how restricted t. 6 trading was. 1t was
generally agreed that the fluctuations
OF the market had no special relation to
the news Of the day.
Relatively steady Liverpool cables
helped the market here 1T the opening,
when 1T rose from IL to 25 points. An
evident scarcity of contracts induced
some SOM: shorts to cover, and promptly ac-
tive months began to sell 70 to 70
points net higher and 90 to 95 points
above the low level cf Wednesday.
Later in the day the market became
erratic, and the last price showed re-
actions of about % to 45 points.
Official reports from the Southern
markets indicated larger volume of
business than for some time past Gal
weston reported sales of 2,493 bales at
unchanged price and Houston. 1901
bales at a gain Of so points. No exports
were reported yesterday
Yester- Day Year
New-York tribune., 1918-05-17
New York
Smear Accent,,cos cols I'll,

Sugar Acceptances Sold-The recent
offering of acceptances, amounting to
" 2,SO0,O 900, drawn under the S1O0,0O0.-
600 revolving credit created to finance
this years Cuban sugar crop, it was
announced yesterday, had been sold in
the open market. The total call was
for S4,000.000, Of which 81 100000 was
advanced by members of the syndicate
on notes.
New-York tribune., 1918-05-17

borrowers who lave nothing to offer
as collateral but industrial securities
is regarded as extremely important
from the stock market point of view.
only a httle money is being offered
by. the banks for fixed periods and
rates are unchanged at per cent.
hullng rates for money yesterday,
compared with year ago, were as
follows:
Yesterday. Year ago.
Per cent. Per cent.
Call money:
On On n, mixed I< collateral. 5Ns pa
Time money (mixed collatcraD:
Sixty days. 6 424@5
Ninety days. ........ 6 43A@5
Four months. 6 43l@5
Five to six months. 6 1906
Commercial Paper.-This market con
tinues quiet, with small volume of
discountng being done at per cent
Tor four to six months bills.
Bank Acceptances.-Th demand for
acceptances is quite active. Yesterday
the second offering of acceptances,
amounting to $2.So0,Ooo, arising out of
the Cuban sugar credit. was disposed
of in the open market. They were
readily. taken, chiefly by local banks
Rates for acceptances were unchanged,
as follows:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent Per cent. Per cent.
E i g b lie
m m ber
banks. .4R@4 4ll@4Ls 4It@4Is
E ig Bile
non-mem-
Der banks.4I4@4Is 42a@4I4 4is@4h
eligible
bank bills.5L4@424 5A@424 6I4@494
For delivery within thirty days:
Per cent.
Eligible member banks. .......... 4Ia
Eligible non-member banks. ... 45a
Ineligible bank bills.
Discount Eates.-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., 1918-05-17

Sub-Trea asury.-The banks lost to the
Sub-Treasury yesterday $113,000.
Silver.-Bar silver in London was
4S%d, unchanged; New York, 99hc, un-
changed; Mexican dollars, 77c. un-
changed
Bank of England.-LONDON May 49,
The Bank Of England showed an in
crease in gold during the week of
S342,684. Proportion of reserve to liza
bilities is now 1922 per cent, against
1918 per cent week ago. The state
ment with the chanQes folloWs:
New-York tribune., 1918-05-17

Stock Exchange Seats Lower.-The
Stock Exchange membership of Fred
erlck Il; Tate was transferred yester-
DAY to Thomas T. Nelson for $53 900, off
S2,OOO from the last previous sale.
New-York tribune., 1918-05-17
Livestock Dealers Hold Conventi

LIVESTOCK Dealers Hold Convention.
"A three-day convention of the Ma
tional Livestock Exchange began yes
terday with lunch at the Hotel Nc
A'pin, which was followed by bust
ness session. Twenty-four leading rep
resentatives of the trade made five
minute talks. Herbert Hoover, Fed
eral Food Administrator, may speak be-
fore the delegates to-day.
New-York tribune., 1918-05-17


part of the financial community has
little faith in the market. Ordi-
narily, when prices start to climb
as they have been climbing for the
past ten days and trading is grow
ing steadily in Volume Wall Street
seethes with enthusiasm, talks opti
mistically of a bull market and can
see nothing ahead but profits. Now
it is skeptical-so skcptical that most
brokers are advising their clients
to be extremely cautious about MAX
ing commitments at this time. The
odd thing is that most of those who
take this position are firmly con-
vinced that values are greater than
prices, in many cases; only they do
not believe in the stability of the
present movement. Inquiry among
number of brokers yesterday
failed to develop a single case in
which it was not believed that the
market had gone up either too fast
or too far, or both. The movement,
as one declared, was apparently
engineered by large interests in the
beginning, but it had quickly
reached a stage where a big "out-
side" following had been attracted.
Orders, he said, were piling in from
all parts Of the country, from little
and big spectators, many of whom
had not been in the market since the
elimination of the great bull market
in December, 1916, and who were
showing signs of being stampeded
into an orgy of speculation similar
to that which ended so disastrouslv
when Germany made her so-called
"peace proposals."
The thing that seems to bother
brokers most is the money situation.
Temporarily, there is enough to
meet requirements, but it is prac-
tically all call money and that is a
thing to worry about. ''If the mar
ket should continue in it's present
course for week or ten days longer
we should have a speculative posi-
ton comparable with that existing
early in the fall of 1916" the head
o. large commission house re-
marked. "Also we should have
every ten share speculator in the
country in the market; every one who
could would be excitedly buying
stocks, just as a substantial advance
guard of them are buying now,
without reason or regard for values,
and solely because prices are rising.
Then, suppose that Washington
should decide that this is not the
proper time for the country to in
dulge in an extravagant speculation
in stocks, and the Reserve Board
should definitely demand that the
banks take the action recently sug-
gested by it-that is, sharply reduce
Or eliminate loans for stock specu-
latlon. What would happen then?"
The question suggested the answer;
and while it is a hypothetical ques-
ton it is. nevertheless one with
which brokers and spectators must
concern themselves.
New-York tribune., 1918-05-17

London Money Market.-LONDON,
May 16...M oney was easy at 2h per
cent. Discount rates were: Short bills,
31a per cent; three months bills, 8 9-16
per cent. Gold premium at Lisbon was
1870.
New-York tribune., 1918-05-17
Yester- Day Year
Metals

The price for high grade spelter was
fixed yesterday by the government for
the next four months at IL cents, it is
understood. This is the same quota
ton which has obtained for the last
four months.
tanned for the last four months.
In East st. Louis spelter, in which
the price is unregulated, there has been
a rise over the last fortnight. The
price rose from 61A cents q pound and
now huctuates close to Tx cents. The
former lower price heightened the de-
mand by inducing consumers to stock
up with the metal and also decreased
the demand by impelling high cost pro-
ducers to shut down their plants. Gov
ernment orders have also been factor
in boosting the price, according to men
in the trade.
that the price-fixing committee at
Washington may allow higher price
next Wednesday. when the question
comes up for consideration. Students
of the industry assert that a rising
cost of production makes price higher
than the present 231a cents logical.
Meantime all elements in the copper
trade are m2rKlng tune until the mat
ter is decided.
After having been weak for some
time an improvement in the price of
lead stands out among the features of
the metals market. The reasons for
the. upward trend, according to the
trade, are labor shortage in the West
and the fact that production OF the
metal is not advancing as rapidly as
was expected.
Current prices for the principal
metals, compared with those prevailing
year ago, follow:
Current A year
price. ago.
Pig iron, Bessemer,
Pittsburgh .........* *s36.45 s4A95
Copper, electrolytic, lb #.2ol2 .32N
Tin, lb. 1.C5 .e6
Lead, lb. ............ .07 .10ll
Spelter, East St. Louis,
ID. ................. .07 is .09Ls
~GOyerr mont rr;coc
New-York tribune., 1918-05-17

Liverpool Exchange Open.-LIvER-
POOL. May 16.-The Cotton Exchange
here will not be closed tomorrow, as
previously announced.
New-York tribune., 1918-05-17
News Digest
London

London Market Firm. LONDON
May 16:.While awaiting the develop
ment of the German offensive the tone
OF the stock market is confident, and
to-day home and investment issues
were firm, with a scarcity of available
securities.
New-York tribune., 1918-05-17
Marine Deal in Statu Quo

t,l. Reports current for several days
that Important developments we're
pending in the affairs of the Inter
national Mercantile Marine Company
saw the light of day yesterday in
printed statements that tha negotia.
tions for the sale of the ships flyinc
the British flag to an English financial
syndicate had been revived Follow
ing meeting of the Marine directors
held after the close of the stock mar,
ket, +: A. S. Franklin, president. said
that the deal was no nearer consum- .
nation than it has been for several
weeks past. "We are negotiating with
British interests for the sale Of thn
English boats" he added, "but up to
the present time nothing definite has as
been determined in this matter, The
negotiations which were begun s;v
months or more ago have never been
dropped. but just when the transaction
will be concluded 1 am unable to state
at present" The Marine shares wore
among the most active of those traded \
IN yesterday. Opening at 96k. The
preferred advanced to 98as. but in tho tho
selling wave that occurred in the las
hour it dropped back to o5 end closed
at 95A for net advance Of no;nt
The last sale of the common was at Il.
257s, also up 1. "''' az
New-York tribune., 1918-05-17
NASHVILLE RAILWAY x LIInh
pbi,,delnhia baltimore & Washins'

ton Railroad.-The company repong
operating revenue for the csiengsS;
wear of 1917 of $33,212, ,403, compare
with S25,546,424 for 1916. operssss,ss. sss
expenses were S24 ,58S, ,24d, against sis.
GEO, 0,2s4 for the previous year. iax a. a.
cruals and uncollectible revenue a..
tailed si,214 ,504. leaving operating ,sss -
come of s7,409 ,653. Other incomss asa s for
sl.345,e4i, compared with l,sy 90. ..sye ags
the preceding year: Deductions The ths
$3,747,191, against S3,5ol,z2 ies sss.
previous year. Dividends were s,tbs ~
220, an increase OF Sl5-9eS oss "a.
year before. Surplus announces as - the
192,542, compared with si7s,SVo ZOE ~
previous year.
New-York tribune., 1918-05-17

Bank Clearings.-Thed days bank clear
ings at New York and other cities were !:
Exchanges. Balances.
New York. .S712, 2,847, ,439 S61, ,645, 1886
Boston ........ 53,292,Ot2 7,236,691
Chicago ....... 85,055,541 1852. .665
New-York tribune., 1918-05-17
Baldwin and Midvale React

Not so much was heard yesterday
OF the reported merger of Baldwin
and Mldvale. This may have been due
TO the absence Of buying orders in
both stocks after they had followed
up Wednesdays sensational rise by
another sharp upturn in the early
trading. In the last hour heavy
enough liquidation broke out in Bald
WIN to wipe out all the earlier gain
with the closing price off from the
preceding days close The stock after
selling to new high for the move
ment of 1919, dropped back to 95 4
ana closed at 957s, for net loss of
rs points: The selling in Midvale,
however, did not carry the price below
Wednesdays last sale. The stock
alter al l, selling as high as 61 dropped
New-York tribune., 1918-05-17
@ Wealth Markets and Commerce
Market Barometers
Stock Exchange Transactions

Stocks
Rail- Other All
roads. stocks. stocks.
Yesterday. $4,000 1.584,3CO 1903, 200
Day before 239,6OO 997,70O 1,227, 500
Week ago.. 16s,2oO $4,000 1,1o4,eo0
Year ago. 91,7OO 9O7, 600 100000
January 1 to date:
1918. .6,6e2, ,2GO 45,361 300 52,023, 100
1917. 100000 62,o6A6OO 71,329,500
1916. s,993,o0o 58,558,600 07,451, 900
Bonds
Day Year
Yesterday. before. before.
U. S. gov.$5, ,822, 600 $4,643,0O0
Rails. e45,O0O $4,000 $1,17O,OOO
Others. 1,645,o00 2,448,o0O $4,000
All bonds $4,000 1884, 600 3,O09, 600
January to date:
1918. 1917.
U. S. gov'nts 1881 ,225, GOO $235,000
Railroads. .... 65,532,C 14O029, 900
Others. ....... 13o,242, 900 29o,746, 900
All bonds. .... 526,e99,0o0 431,01o,oo0
New-York tribune., 1918-05-17

Discount Rates.-Thc 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., 1918-05-17
= u S t e n a n e

Government prices.
New-York tribune., 1918-05-17
Merger Report D;sclaimed

From Philadelphia, whence official
iirtormation on Baldwin should come,
1T was stated yesterday that the re,
port that the .Midvale Steel and
ordnance Company had acquired con-
trol OF the Baldwin Locomotive Works
was dlsclalmed. y A prominent New
aork banker also asserted that the
report was without foundation.
New-York tribune., 1918-05-17

Continued on Page IL. Column 7
New-York tribune., 1918-05-17
Finance Economics

w ALL ~ lREEi ofFlNt: Telephonc
ILLS Building, Is Broad st. ranover 651A
New-York tribune., 1918-05-17

Per cent
Eligible member banks. ....... 4lA
Eligible non-member banks 80. 45a
Ineligible bank bills. 6
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1918-10-21
FROM ocean
TO OCEAN
Women Praise Lydia E. Pink.
hams Vegetable Compound
for Health Restored.

In almost every neighborhood in
America are ONE who have tried
this standard remedy for female ills
and know its worth.
Athol, Mass.--"Lvdia E. Pinkham's
Vegetable Compound has done me q
world of good. ] suffered from a weak
ness and q great deal Of pain every
month and nothing brought me any re-
lief until / tried this famous medicine.
l am q different woman since | took it
and want others who suffer to know
about il. Mrs. ARTHUR LAWSON, $50
Cottage ST., Athol, Mass.
San Francisco, Cal. TEL was in avery
weak nervous condition, having suffered
terribly from a female trouble for over
FIVE years. Ihad taken all kinds of med
icine and had many different doctors
and they all said / would have to be
operated on, but Lydia e. Pinkham's
Vegetable Compound cured me entirely
and now l am q strong well woman"
Mrs. HI. ROSSKAMP, 1447 Devisadero
St., San Francisco, Cal.
For special advice in regard to such
ailments write Lydia E. Pinkham Med
icine Co., Lynn, Mass. The result of
its many years experience Ia at your
service.
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1918-10-21

Of the day, Later they bought the
heavy hogs at their own figurse,
which in general were around loo
lower at the opening and fully 25c
lower at the close.
Shippers had need for but a few
hogs, and did not compete actively
with the packers for the light hogs
on sale, and steady prices was the
best reported for the lighter grades.
In general good hogs were steady.
with others ranging down to loo
25c lower. Top hogs sold at $3.50
and the bulk as moved at $16.75@
1900.
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1918-10-21
EPIDEMIC RACES IN PERSIA

Thousands Of People Afflicted With
Spanish Influenza.
New York, Oct. 19.-Supplementing
advices announced by the State de.
partment Oct. 4 that Spanish inluen-
"a was raging in Teheran, Persia. the
American committee for Armenian
and Syrian relief received information
that more than half of the population
of 10000 at Kasbin, 80 miles north,
west of Teheran, have been incapaci.
tated by the epidemic.
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1918-10-21
Butter, Eggs and Poultry.

Minneapolis, Oct. 20. = BUTTER
Extras, soc; extra firsts. 5219c; firsts.
51hc; seconds, 50hc; dairies, 43c:
packing stock, 39c.
EGGS-Fresh prime firsts. new
cases, free from rots, small, dirties
and checks out, per doz. 4Sc; current
receipts, rots out, $13.65; checks and
seconds, doz, soc; dirties, caEdled,
doz, 35c; quotations on eggs include
cases.
Live POULTRY-Turkeys, fat, 10
lbs and over, soc; thin, small, 10612c;
cripples and culls, unstable; ROSTERS,
1Sc; ducks, 1Sc; geese, lib, lac; hens,
4 lbs and over, 23c; hens. 3 to 4 lbs,
zoe; hens, under 3 lbs, 1Sc: springs
all weights, 23c; ~guineas. young, doz,
$500; guineas, old. dog. $500.
The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1918-10-21
Competent London Critics Do
Not Consider German Col
lapse Imminent.
RETIRE IN GOOD ORDER
Should Mar End Quickly IL Is Be-
Iioved IL viii BE Through
Political and Moral
Factors.

London, Oct. 19.-Competent circles
here express the opinion that IL the
wal is brought to a quick conclusion
1t will be through political and moral
factors, and not military.
It was pointed out that the German
position on the Western front ann
be termed perilous, although at GER
tain points every changing front may
render some small positions dangerous
at times.
This view, which has been held by
many experts for some time, has been
strengthened by the German retreat
to the Hunding line, which Is con
sidered one of the most successful re-
treats of the war from the enemy
viewpoint.
German Losses Comparatively Small.
With the Americans and French
pushing hard on this front, the Ger
nan doubtless were forced to retreat
faster than they had planned, but they
lost comparatively few prisoners and
guns for such a large operation.
1t was pointed out that the start.
ling transformation OF the whole mill.
tary situation in the past few weeks
might lead TO the impression that the
German armies were faced with disas
ter and Oh the point OF collapse, but
II was stated that there was nothing
In the Western situation to justify
such a view.
IL is not expected that the enemy
will be able to hold the Hunding line
long. This line runs from south oil
st. Quentin along the Serre to where
the river turns abruptly southwark
thence acros country to the Aisne tC
the Argonne. The dent the Allies are
making in the line south OF Senses
makes this line untenable.
In this connection 1t is pointed out
that the Germans are fighting well i'm
mediately south of the Sensee, for tn,
dual purpose OF holding up as long al
possible the Allied advance toward tn,
important city of Valenciennes, and Il
keep the Allies from further driving
In a salient that would make thu
Hunding line impossible for the en-
envy.
In demonstrating these facts mill
tary experts are one in the opinion
that the Germans M longer will b
able to withstand the onslaught wit
their weakened divisions, tired troop
and scanty reserves, but to traine
militarists signs of a German collaps
or evidence on which to base hig
hopes of trapping a huge body of tn
enemy are invisible.