davidaulloa/AmericanStories huggingface dataset:
The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1918-08-02

the help of Americans.
while American Intervention is a
fact" he writes, they are unframed
and inexperienced. Their numbers
are exaggerated by half, but they
were sufficient to allow General Foch
to take the initiative"
kina Sees Moving Pictures.
WITH THE ITALIAN ARMIES,
Aug, king Victor Emmanuel to-
day viewed motion pictures taken
on various British fronts and re-
ceived a personal message from King
George.
Three British motor lorries have
arrived here to show the Italian
armies what British transport serv-
ice is doing on other fronts.
Battle is Raging.
[By Lowell Mellett, United Press
staff Correspondent
WITH THE FRENCH ARMIES IN
THE FIELD, Aug. Gees p. m.) -
The battle within the Marine pocket
which began growing in violence
again yesterday morning, is still rag
ing as this is cabled.
Loss of the important heights Of
the Grand RoZoy is causing the
enemy to fall back with the French
and British in hot pursuit.
After fierce combats the allies oc-
cupied Hartennes-Et-Taux village and
wood (seven miles south of Soissons)
and Coutremin Ga mile south of
Hartennes-E t-Taux). Saponay (seyen
miles southeast of Recommendations
and a mile and a half northwest of
Fere En- Tardenois) is still violently
contested, but the French hold Ra-
perie, just north of Saponay.
South of the Ourcq the enemy re-
sistance is becoming more feeble.
French and American troops have
conquered the thickets and woods
north of the Goussancourt-Coulo
road
On the eastern portion of the
battlefield, the poilus have arrived at
the outskirts of Villers-Agron, and
have captured Forty Ia mile north
east of Villers-Agron) and the wood
a mile east of Romigny 1.-TWO miles
northeast of Forzy).
The French have also occupied the
hill and small wood northeast and
north of Romigny.
The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1918-08-02
Germans Still Retreatina.

IBy John De Gandt, United Press Staff
Correspondent
PARIS, Aug. IA p. m.)-New al
lied progress on the fifteen mile front
between Fere En- Tardenois and Vile
En- Tardenois, was reported today.
How extensive this was, could not
The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1918-08-02
Gouseaneourt Captured.

LONDON, Aug. 2.-Q:15 p. M
Allied troops have captured Gaussan-
court, north of Meuniere wood and are
advancing steadily north of Gierges
(three miles west of Meuniere), it
was learned this afternoon.
The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1918-08-02
Late Market Quotations
Chicago Produce.


CHICAGO, Aug. 2.-Butter-Crean
cry extras 4S1sc; creamery STANDARD
431sc; dairy extras. 41@421ac; dairy
firsts. 10000.
: Eggs Ordinary firsts, S5@36Bc
firsts, 37@38c.
Cheese-Twins, 24@24hc; Youp
Americas. 25@ @26c.
Potatoes-Receipts, 20 cars. vi
ginias, per barrel, $5.25@5.5O; me-
potatoes, $2.50@2.75.
Live poultry - Fowls, 2903Oc
ducks, 24c; geese, 16c; spring chics
ems, 32c; turkeys. 30c-
st. Louis Horses and Mules.
ST. LOUIS, Mo-. Aug. Horses
Attendance at the auction was no
large and was composed almost AID
gether OF southerners. The lack "
eastern grades of horses and the bid
chunks, hot weather and work horse1
were still selling on par with Tuesl
days decline. Good draft horses 81
1000 pounds and up are finding I
ready market, but not many of thesa
kinds are getting in at this time
Demand for southerners was again
strong and these horses brough!
good prices.
Draft horses, extra $500. .s23o@2s9
Eastern chunks ........... 150@1Si
Farm mares. southern type 1259ls5
Southern horses, choice -. 115@1SO
Southern horses, medium :. G561M
Southern horses, cheap -. ESQ 50
Plugs .................. 800. 100 q
Mules-Fair run of mules got in
and the general trade was littls
weaker on ali grades. Big, rugged
mules and good miners are selling
right along. but the medium and out
classed stuff are not bringing good
results. There is little or no demand
for pitters.
The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1918-08-02
ALLIED AID
FOR RUSSIA

Continued from page IL
The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1918-08-02

Subscribe for The Gate Citx.
New-York tribune., 1918-06-10

fcally, 57,721,719 pounds were i'm
ported in March, 1917. at a valuation
of $4,265, ,531, and in March, 1918, 21,-
S66,482 were imported at valuation
of $2,792,562. Similarly, the imports
of CASTLE soap in March, 1913. were
hardly more than one-seventh of those
of March, 1917, yet the money value
exceeded one-third. In March, 1917, 49,
3O2 pounds of CASTLE soap, valued at
1855 pounds, valued at ,566, in March
of this year.
In the case of exports the same fnan-
cial phenomena exist. Somewhat less
than twice as much bacon was exported
in this March as last, yet the increase
In money value was more than three
and one-half times. In March, 1917,
67,501,712 pounds of bacon, valued at
$1,000 ,431, were exported, against 1861
603,947 pounds, valued at $43,302,355,
in March, 1918.
Instability is one of the outstanding
characteristics of the wartime for
eign trade. Other forces than the law
of supply and demand determine to
great extent which commodities shall
be sent across the seas in large
quantities and which in small. Strik-
ing as is comparison of the month
preceding the entrance Of the United
States into the war with correspond
ing month after nearly year CT strife,
it does not show as radical changes as
a comparison of March, 1913, with
March, 1914, would
The pressing side of this condition
of flux from the point of view of in
terests associated with foreign trade
is not so much how things have gone,
as whittier are they drifting Specu-
lation on this subject entails excep-
tional hazards, but the one conclusion
that is inescapable is that conditions
will neither remain as they are at
present nor revert to those that existed
prior to the swapping of the bonds Of
international friendship in 1914. After
the war conditions will not place the
same restrictions on trade between
nations as are now fixed by military
needs. Moreover, the tastes, the
capacities, the mode of living, the
forms of government and the methods
of production will be so different after
the, war than they we're in the ante
bellum days that restoration of the
good old times" Whatever they were.
is impossible-and undesirable.
New-York tribune., 1918-06-10
Dealers Scramble
For Small Supplies
OF Non-Essentials

WASHINGTON, June 9.-Curtail
ment of the production Of less essential
articles has greatly stimulated the de-
mand for them. The monthly business
conditions report Of the Federal Re-
serve Board, issued tonight, says re-
tail dealers and consumers clamor for
supplies before they are exhausted and
place abnormally large orders which
manufacturers in most cases are un-l
able to fill. This has been true par
tcularly Of the demand for pianos,
talking machines and other musical in
struments.
Business conditions throughout the
country continue healthy, with war or
ders tending more and more to crowd
out orders for civilian consumption.
BY districts the report shows the fol-
lowing conditions:
Boston.-General business good, in
dustries busy, money rates slight de-
crease.
New York--Business and industries
very active, imports much restricted
money rates no material change.
Philadelphia - Business conditions
good. industries very busy, foreign
trade large, labor supply inadequate.
Cleveland Business satisfactory.
labor scarce and wages going up.
Atlanta Business good, labor scarce
and we'll paid.
Chicago-Business conditions good,
most industries running at capacity,
money rates firm.
st. Louis-Business excellent. indus
tries generally active, labor conditions
improving.
Observation-Disclosures good, labor
conditions fair.
Dallas--General business satisfac-
tory, marked scarcity Of labor
San Francisco-Business active, for
eign trade large. labor conditions more
settled.
New-York tribune., 1918-06-10
War Fixes New Schedule
For Articles Of Commerce
Martial Needs and Shortage of Tonnage Radically Re-
arrange the Relative Importance of Commodities
That Are Battered in Foreign Trade

news print paper and mola5s.s. The
effect of the Allies attempt to feed
themselves in spite of the inten-
sifed submarine warfare is shown in
the dominance of foodstuffs among the
increases in exports. Generally speak
ing, the list of increases certainly in
cludcs genuine rock bottom essentials.
Among the decreases the following
stood out: Freight cars, animal hair,
iron ore, pig iron, Woodworking ma
chinery, radiators, rails of stael, oil
cake and oilcake meal, corn oil, plas-
ter, beverages, distilled spirits, manu-
features of wax, timber, zinc and spell
ter. In this list it is plain that the
influence of the war was equally felt, in
some cases directly and others indi-
rectly. In many instances the fact of
American belligerency necessitated
large consumption of the commodities
at home and thereby automa tically re-
duced the amount available for ex
port. Moreover, through its system of
licensing exports the United States
government was able to dictate as to
how the very limited cargo space avail
able could be used most effectively to-
ward the winning of the war
In the commodities where the guam
titles exported or imported in 1918
fuctuated greatly from the 1917 stand
ard the difference in money value was
often less striking. This is because
of the general rise in prices. For ex-
ample, tho import of soya beans in
March, 1918, was hardly more than one
third of that of March, 1917, yet the
money value exceeded one-half. Speci-
New-York tribune., 1918-06-10

War is hard to define. 1t is so
farreaching that it defies definition.
Instead of being hedged in by limits,
it is expansive and stretches its in
huence everywhere.
When the European war started few
people confidently thought, for ex-
ample, that the United States would
be drawn into it. But in the nature
of things sparks of the great Euro
pean bonfire blew westward across the
Atlantic, and finally America became a
belligerent.
The ramifcations Of Americas war
status seem unending. When the
United States severed friendly rela-
tions with Germany not only her own
national life was colored by the act,
but also the being of every other ma
ton with which America has relations
was at least slightly altered.
Specific data about specific things
give reality to these gensralities
about war-and help define it. The
statistics of the foreign trade of the
United States offer precise illustra-
tions of the changes the war has
ordered. A comparison of the record
for the month of March, 1918, with
March, 1917, regarded as q sample, re-
veals adjustments that are striking. In
this case the relative Importance Of
the various commodities that figure
New-York tribune., 1918-06-10

rency in the republics to the south
is notoriously unstable. Argentina
and Peru, however, seem to have
quite satisfactory monetary systems.
The fact that the dollar is at a
discount would point to an i'm
provement in the proportion be-
tween our currency and values in
those countries as compared to the
United States. This will be easily
understood to have been the case
in reality, if it is considered that
these countries have exported more
or have obtained higher prices for
their exports and simultaneously re-
stricted their imports; thus, having
growing resources at their disposal
for the development of their natural
wealth. This process has in various
instances reached a level where the
claims on the United States could
no longer be converted into the local
currency at a profitable level, and
other means had to be devised to re-
store the proportion to a level where
by the credit balances created by ex-
port Of merchandise would repre-
sent a large equivalent in local cur
rency of the exporting country.
This could only be accomplished by
means that would tend to diminish
the relative value of the local cur
rency; in other words, to increase
the proportion between currency
and value in the country, so that a
larger amount of currency would
cover the same values.
These endeavors have led to a
definite arrangement between Ar
gentina and the United States gov
ernment, feature Of which con-
sists in the waving Of the require
ment that gold be deposited here, as
was done on previous occasions, and
the acceptance Of currency deposits
withdrawable in gold at the option
of the Argentine government after
the conclusion of the war. There
against it the Banco de la Nacion
pays to exporters the equivalent of
the funds deposited here, less a COM
mission of 8 per cent. In other
words, Argentina consents to let
merchandise leave the country with
out receiving any presently tangible
equivalent in return. That is, it
consents to modification of the
proportion between it's values and
its currency by which credit takes
the place of actual value. There is
also an arrangement between Argen-
tina and France and England, un-
der which credit is given to the lat
ter two nations up to 100000, 900
pesos in gold, against purchases of
cereals, two-year treasury bills be-
ing deposited in the Argentina le-
cations at Paris and London up to
the amounts availed of under this
credit.
New-York tribune., 1918-06-10
in foreign trade was greatly upset, bu
the aggregates were little changed.

in foreign trade was greatly upset but
the aggregates were little changed.
For example, in March, 1918, the
monthly excess of exports over IMPORTS
as reported in the monthly summary
Of foreign commerce of the United
States, was S2S3,72S,56o, against $685.
s29.o74 in March, 1917. Moreover, the
total exports and total imports ap-
proach a parity. The exports in March
this year reached $553,9Sb,69s, COM
pared with 1881, ,o43,o91 in March of
last year. And the imports in March,
1918, were s242, ,214,o17, against s27o,-
257,139 in March, 1917.
But though the aggregates were
nearly the same, the practical differ
ences were immense. The exporter
whose business was cut in half perhaps
got little satisfaction from knowing
that the grand total foreign business
of the country remained the same. On
the other hand, the foreign trade house
whose business doubled very likely was
not disturbed over the thought that it's
gain probably meant that another firm
which dealt in different commodities
lost an equal amount.
In a list of the commodities that
showed the widest fuctuation between
the peace month and the spording
war month Of this year there were far
more decreases than increases, indicat-
ing that where there were gains they
were so large that they overbalanced a
larger number of declines.
More than two-thirds Of the COM
modities On the imports list of huc-
tuations declined. The following, how
ever, showed large increases: Corn,
oats, rice, fertilizer, sisal grass, bags
of jute, burlaps, figs, rails for rail-
roads, cocoanut oils, platinum, bulbs
and roots for plants, silk cocoons and
CASTLE soap. The reason why these
commodities should be imported in
greater quantities than normally seems
self-evident in virtually every case.
Substantial decreases were shown by
these commodities: Unmanufactured
cotton goods, yarns, hides and skins.
pork, precious stones, mother of-pearl
shells, mushrooms and furniture.
Even these few examples indicate that
the general tendency was to decrease
the imports of the less essentials. Con-
troll over shipping by the United States
and the Allies of course was a potent
influence in drawing the line between
the more essential and the less essen
tial.
The changes wrought by the war
on exports are no less striking. In
creases in the quantity of exports of
the following commodities were feat
ures: Barley, cornmeal and corn
flour, oatmeal and rolled oats, rye -four,
wheat -four, rice, candles, wood alco-
hol, sulphate Of copper, window glass,
hides and skins, iron ore, horseshoes,
cotton gins, sheet iron, canned beef,
fresh beef, bacon, picked and cured
beef. butter, condensed and evaporated
milk. animal oils. gasolene. residuum.
New-York tribune., 1918-06-10
Australian Barley
For the Japanese

The British commercial attache at
Yokahama has stated that owing to
decreased production of barley in
Japan, due to the cultivation of more
wheat acreage, there is demand for
Australian barley. Purchasers for
Japan have been very active in these
markets of late. The fact that some
have expressed willingness to take
malt in preference to barley bears out
the belief that the japanese breweries
desire to augment their stocks of ma><
The restricted shipping, however, pre-
vents any considerable volume moving.
Commerce Reports.
New-York tribune., 1918-06-10
FINANCIAL MEETINGS
POTASH ExrRAcrIox coRpoK.r,

NOTICE is hereby given that at a sps.
cial meeting OF the stockholders of tn
POTASH EXTRACTION CORPORATIos
will be held at Room TO. No. Recto.
Street. New York City, on June 2Sth. 1918
at 1890 O'Clock in the forenoon. for tht
purpose of voting on a proposal to incresg
the authorized capital stock of the corpors
ton from one thousand shares of the pu
value OF One Hundred Dollars tSl0o.@
each to two thousand shares OF the Pc
value Of Ono Hundred Dollars ts1 Vi
each, and the transaction of such othE
business as may properly come before SEX
meeting
ByyOrder o, the Board of Directors.
GEO. T. BISHOP.
President.
Dated June 9th. 1918.
New-York tribune., 1918-06-10

1t is striking commentary on the
inherent strength of the financial
situation that the banks were able
last week for the first time this year
to make liberal offerings of fixed
date loans on Stock Exchange COL
lateral. That the banks could re-
lease between 100000 and $780,
100000 for this purpose indicates
how well the plans for meeting the
huge burden of the Federal tax pay
ing period, already on us, are being
handled by the banks and the Treas
ury. Last weeks time loans were
placed for the most part on a basis
Of 5A to 6 per cent, depending upon
the character of the collateral, and
the maturities ranged from thirty to
ninety days. Release of such large
amount of banking funds for Sc
curity market and other uses marks
new policy on the part of local
banks, which for several months
have restricted all offerings of time
funds and made it necessary for the
Wall Street stock market to borrow
on call. Transfer of bank deposits
from private to government account
through payment Of Federal taxes
by private individuals and corpora
tions has to degree helped the
money situation in that it has re-
duced the reserve requirements of
the banks, for under the special ar
rangement now in operation as a
war measure the banks are not re-
quired to carry reserves against
United States government deposits.
Call money at the Stock Exchange
last week ruled at about S per cent,
with increasing frmness toward the
end of the week. A good demand
continued for bank acceptances and
rates were steady.
New-York tribune., 1918-06-10
The Dollar in South America

Wars effect on the foreign ex-
change rates between the United
States and South America has been
striking. In virtually all of the
countries in the Southern Hemi
sphere the dollar is at discount,
and in several instances the cur
New-York tribune., 1918-06-10
Curb Market

Note-The Tribune assumes no response
bilty for the accuracy or authenticity of curb
market quotations. Transactions and prices
for the week ended June were reported
folows
New-York tribune., 1918-06-10

war was brought close to our
shores last week by the appearance
Of German submarine raiders off the
Atlantic Coast, but apart from caus-
ing temporary furry in the Sc
curity markets early in the week the
effect of the latest spectacular feat
OF the U-boats was of little impor-
tance marketwise. Vastly greater
Importance was attached to the
news from France that the German
drive to the Marine was slowing
down and the equilibrium between
the German forces on the one side
and the Allies on the other had been
reestablished. Toward the end of
the week the advices that American
marines and other military units
had been thrown into the battle line
occasioned much interest in financial
quarters, where it is being realized
more and more that the successful
outcome of the war depends pri-
nlarily on our aid. Stock prices last
week fluctuated without definite
trend in response to the operations
of professional traders, whose trad
ing commitments were made without
much regard to what happened in
the news. There was no evidence Of
liquidation. Fresh signs of buying
of investment securities we're to be
seen, however, and the general feel
ing among spectators and investors
alike was one of quiet confidence.
Prospects of heavy increase in the
tax programme continue to worry
Wall Street, although there is a
feeling of relief that the matter is
to be taken up and thrashed out by
Congress as soon as possible. Finan-
cial interests may appear to COM
plain of heavier tax levies, although
really everybody has expected
large increase as matter of course.
Investment bonds displayed con-
fident tone last week, although there
was only a moderate volume of ac-
tivity. High grade railway issues
were in fair demand, while inquiry
for tax exempt municipals continued
to broaden. Liberty Loan as and
AIS sold at new low records in the
middle Of the week, with a subse-
quent rally toward the close. For
eign government issues were steady.
There is evidence Of increasing ac-
tivity among bankers to bring out
new issues Of securities, and several
small offerings of public utility
notes were made during the course
of the week. This week further Of
ferings are expected. AS indicating
the broadening of public interest in
bonds and other investment securi-
ties, it is worth noting that trading
in bonds on the New York Stock Ex-
change in May was more active than
in any month since December, 1908.
Of course, the Liberty Loan bonds
accounted for large portion Of the
total turnover in listed bonds, al
though there was at the same time
fairly broad market for railway
and miscellaneous bonds. New York
City bonds continue in active de-
mand by investors, who consider
them attractive because Of their tax
exempt feature.
New-York tribune., 1918-06-10
Industrials

Sales.
c6So0 aetna Explos.
$50 Am 3 Mig Co.
5 *Blumenthal Co
600 Bra Tob Reg.
1900 B-A Tob Coup.
500 *Burns Br Ice.
500 Scar 1t & Pwr
500 Carwen Steel.
100 Charc I Co pf.
$500 Chev NJ c w i.
80 *City Ser old. :.
6110 *Cupr En- Sui.
1900 *Cuprite Sulph.
1900 Curtiss Aero. :
1875 *East Vend Co
45O *Electric Gun.
800 Emerson Phon.
2S0 +Gil SAT r w i
1850 Keystone T& r.
so "Lima loc new
200 *Man Transit.
424 Marconi of Am
5000 *Maxim Nun. i.
800 Nor A P & P.
25 7Pittsbgh Rolls
1000 *Poulson Wirel
100 *Reo Motors E.
100 *Rep Mot Trk.
1900 Smith Mot Tr.
125 *St Jos Lead. i.
1900 *Standard Mot.
$500 Submarine BIT. .
10000 "Thio Co of A.
1900 "United Motors
1900 W S Aircr Cor
$3.50 *U S L & H. i.
5000 u S Stmsh Co.
1890 +Wrt-Mar Air.
New-York tribune., 1918-06-10
Bonds

Nj
Sales 1000 omitted. Open High Low. sass
s14 "A T&T 1-y SIS wi 1884 ee34 eeM 49,
6.7 Chicago Elec 6s. 25 IS 25 -
22O "Can Gov 5s. -. 9e7s s5zs s6l4+ u
455 Fed Farm L 5s. 1902 10tH to2
81 'Gen Ell 6 p n. 1oozs 10os4 fooH -
'Phla Ell SIS W SO SO 90
7"Proc 4 G Is 22.1ofHa tof 1olN
10 IN Cen 2-y n ssla ssM sSM+ ~
"Rus Gov 61ss. 38 3s 50 -
unlisted. tSeli cents per share.
New-York tribune., 1918-06-10
Sp
$1,260,00O
Utica Gas & Electric Co

Refunding Extension Mortgage $50 Gold Bonds
l.
Interest pableJan and IN
calabk Central Trustee o
Mortg now cosedex 70
PROVISIONS.-Exmp romN County and Municipal
Personal
Is N
D.
nE entire and
located IN
o
all opinion of
limited in duration
April
Gross Earnings S2,r717o753
operating Expenses and LAKES 19a255zz
Bonded rent issue
the Interest
cinvetme
outstanding bonds
last nine Aprl
las the
Of both and electricity have increased
10 inestme
Price 89a and interest; yielding about 567%
Complete Cirulro Request
Harris, Forbes & Company
Pine Street. William, New York
orntte
b the
legality Opinion No. A4s5 SgnD Reserve