davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13
Bond,
Foreign Holdings of
SteelComrnon Increase
Canadian and West Indian
Purchases Account for
Gain

Owing largely to buying by Canadian
interests, foreign holdings of the
United States Steel Corporation COM
mon stock on March 81 were 1916
shares larger than on December 81,
1917. West Indian purchases also con-
tributed to this expansion. The num-
Der of shares of common stock held
in England at the end of the first
quarter Of 1918 stood at 1885 against
1904 at the close of last year.
Germany's holdings Of Steel common,
according to the latest tabulation,
amounted to only 467 shares, against
612 three months ago and 1888 shares
prior to the war. German holdings Of
the preferred before the war totalled
1886 shares, compared with only 876
shares at the end of March.
On March 81 the total foreign hold
ings of the Steel Corporations COM
mon stock aggregated 4S5,706 shares,
or $3.50 per cent of the outstanding
issue, compared with 4S4,190 shares. or
900 per cent, OH DcCeHDcr 81. Inc
number of preferred shares held abroad
was 140,19S shares, compared with 14O.-
OF shares at the end Of 1917.
For more than two years after the
outbreak of the war Europe was a
heavy seller of both the common and
preferred. The common holdings de-
clined from 1,274,247 shares on June
80, 1915, to 477,109 shares on Septem-
Der 80, 1917, while the preferred hold
lnSs in the same period declined from
1892 shares to 140, 039 shares.
Based on the amount of the common
stock held by brokers and investors, the
comparative figures since December 81.
1916, indicate that an increasing num-
Der of small investors are putting the
stock away in strong boxes as a per
manent income yielder. At the end of
l9l6 brokers held 1880, 436 shares, or
1904 per cent, of the entire number of
shares outstanding, and investors held
2,l32, 5S9 shares, or 41.95 per cent. Cor
responding figures for a year later
showed 2,365,261 shares, or 1853 per
cent, held by brokers and 2,7l776l
shares, or 53.47 per cent, in investors
hands. At the end of the March quar-
ter brokers held 2,262,5SO shares. or
44.51 per cent, of the total number Of
shares and investors 2,S2O,445 shares
or o5.49 per cent, of the issue,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13
New York
Receiver for Stock Exchanpe

Receiver for Stock Exchange Firm
Judge Learned Hand, in the United
States District Court, yesterday ap
pointed Sllas w. Rowland receiver for
the Stock Exchange firm of Morgan,
Iruett " Co., whose suspension from
the exchange was announced last Mon
day. The assignment was made to f.
L. Perlne, of 149 Broadway 1t is esti-
mated the firm has an equity Of 500
600 IN securities pledged on loans.
Soldiers Deposits Not Taxable.-The
tax ordinarily imposed by the French
government upon the estates of de-
ceased persons will not be applied in
the case of deposits with French banks
made by American soldiers, according
to information received by the Guar
anty Trust Company from it's Paris
office. In the event of the death of an
American soldier who has deposited
money with a French bank transfer
OF funds to the United States will he
made as soon as the military status of
the deceased soldier has been certified
by his commanding officer
Cotton Exchange Membership Sold
The New York Cotton Exchange men,
bership of the late A. S. Ranlett has
been purchased by j. A. Hartcorn for
$12,500, the same price as the last previ-
GUS sale.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13
Fear of Shortages
Stimulates Buyinq
But Government Operations
Are Still Dominating
Trade

Rising prices are having less effect
on civilian purchases than the evident
fear of short supply of goods. ac.
cordlng to the weekly trade summa-
rics. AS a result, many reports dis
close heavy buying, not only for i'm
mediate delivery, but for future shin.
ment as we'll.
governmental operations are be-
coming increasingly dominant" saws
bradstreets, "these being clearly re-
Elected, either in the form of aetna, do
mand or the exercise of priority rights
on goods already in existence, or on
shipments being made. New priority
regulations promulgated this week in.
dictate how the trends are WORKING ho
sides which the pressure on the ;ron
and steel industry for supplies cer-
talnly foreshadows but scant sunnl;os
1or civilian consumption. In textiles
especially wool lines, the fact that the
government comes first is LEADING n
the cancellation of orders placed soma
time ago by civilians.
War needs naturally grow at n croa+
rate. and industrial operations in lines
essential to them continue to cxnand
Wholesale trade in staple commodities
IS probably as active as could be cx-
pected, seeing that supplies are short
that quotations are Unfortunately high
ana that the government gives some in
dication Of eventually extending a firm
grasp over the price situation in manv
INES or manufacture"
In the great farming regions md in
the larger industrial centres. where In.
Dor is fully employed at the hiphcst
wages known, the position of trade is
encouraging, according to r. G.. Dun &,
GO. 1t is pointed out, however. TINT i
Is clearer now than at any prcvious
period that business IL dominated hv
war conditions, and in leading branches
without exception, government activ;,
ties overshadow all other consjdera.
tons Not only is ordinary manufact-
uring lcsscning steadily but n further
curtailment OF outputs for ciy; l|,n
uses Is said to DO inevitable,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13

at the special meeting. The anron.
ment says that "the purpose Of as:'
committee is to endeavor to eou;ts Ing
adjust the relative interests of th thu ~
bienture bondholders and stockhoIaooss. '
IN such a manner that there shall alIe T.
ten e4es ayallable for the benefit Of Of
Of the 100000 shares of Island "a HIraon
Transport Corporation stock >" and
value s2,4oo,oo0) now held in p PAL
treasury of the Metropolitan p.. vac
ieum Corporation. which could h. , na;.
to the stockholders in liouidat;onp a a
used for the reorganization and o. o.
velopment of the company's remain; IN,
m puupere,es under er new lev. and efficient
themselves might later determine s'u "as
we now propose if possible to ..s ana
tam and disclose other property w. f..
the benefit of the stockholders A0s
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13
Wool Market Dull

BOSTON, April 1.-THE o0'
cial Bulletin" will say to-mol'o",'x .u.
"With all their wool n0'u' ~
whether on spot or to arrive oas. .,,of
the government, practically n0' s i
was accomplished here in the w. s..ps
wool trading during the week, ,ch ~
for small trade in noiis. s"sineS
firmer. There was very lit1ie, havins
in the West, the Boston traau .rnaeat
agreed not to buy until the sos.s 10 ~
decided its course with refere"e'
latest offers of stocks. ..a ia
Manufacturers arc confroh ".ss.ntisa
the necessity Of giving their ,' se ID
almost wholly to governmen.. .J,s sa ~
civilian deliveries are to De us'-
cordingly for several months
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13
"Nothing From Nothing"

Washington advices to the effect
that Herbert C. Hoover, Federal Food
Administrator, was seeking to curb the
speculative activities of private wire
houses in corn and oats caused no per-
turbation in the local trade yesterday.
1t was asserted that large scale opera
tions in the grain markets had ceased
many months ago. 1t was denied that
there had been any "bucketing" of or
!ders, as charged. The manager of one
house who was asked what effect the
hoover request would have on the bust
ness of his concern remarked that ct
you take nothing from nothing YOU
have nothing" His house, he said. had
been doing nothing in the grain market
Tor weeks. Many other wire houses are
SAID to be in the same nositian
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13
Gas Companies Seek Relief

But despite the fact that the English
electricity companies arc generally pay
ing smaller dividends than before the
war, their POSITION is prosperous as
compared with their competitors in the
gas field. The gas companies have had
their expenses largely added to- and
each increase has involved reduction
of dividend. This process has gone so
far that the English companies have
decided to go before Parliament for
relief,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13

ANDREW J. MCCORMACK AuctIore.r
REGULAR AUCTION SALE.
STOCKS AND BONDS,
BY ADRIAN II. MULLER Il SON,
OFFICE. SIS WILLIAM ST.
WEDNESDAY, APRIL II, 1913.
at 1890 o'clock, at tho
EXCHANGE SALESROOM.
NOS IA and ls VESEY STREET.
For Account of Trustee
1s sns Gray National Telautograph Co.
snr. Greenwich Casino Assn.
~ shs. Leighton Parlor Sleeping Car
- shs. New Haven Folding Chair Co.
.. 20 shs Southern Minnesota r. r. CO.
]z,eVO Associate Proprletcrs OF the Town
OF Lancsboro. Mimi, CIT. OF Trust.
For Account OF Whom II May Concern.
is shs. National Liberty Insurance Co.
SsS'""" international Cotton Mills Corpn
Syndicate Full Paid Parttcipa lion
Certf
$4,000 Middlctown Il ONION r.. r. Adjust
rnent ca Bonds, 1888.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13

The above rates express the cost of
foreign money in terms of the Ameri-
can dollar, You buy an English pound
sterling at, say, SATISFY. The intrjn H.,
parity IS s4:;S6% per pound. Thus Won
say either that pounds are at discount
or that dollars are at q premium. which
IS owing to the fact that in Enpland
the demand for dollars with which tn
settle accounts in this country is greater
than the demand in this country for
pounds with which to settle accounts in
England. N'.s' ~
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13
The Dollar in Foreign Exchange

Spanish exchange displayed pro-
nounced strength in yesterdays mar
ket, pesetas advancing to a new high
record for the war period at 274O cents,
compared with $3.50 cents on Thurs
day. The upturn here followed a SIM
liar movement in the London market.
Italian exchange was slightly easier
at $3.50 for checks. Sterling and francs
were firm.
Closing rates yesterday, compared
with week ago, follow:
Quoted dollars to the pound.)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13
News Digest
Foreign

London Market Checrful.-LONDON
April 12.-While there was little dis
position to do business over the week
end, the stock market to-day main
tanned a cheerful tone Consols i'm
proved, and the war loan and other
investment stocks. were firmly main
tanned on light buying. Tin mines
continued in favor, and Spanish bonds
were the strongest features on the low
exchange rate. Shipping shares were
easy, while the other sections were
dull
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13
Relevant Comment
U. S. Steel Builds Gun Plant

This weeks somewhat cryptic an
nouncement in "The Iron Age" that a
great interest not now engaged on
guns" is likely to undertake the manu-
facture of 16-inch howitzers for the
government may be explained by the
following paragraph from the last an
nual report of the United States Steel
Corporation: During the latter part
of the year (1917) the construction of
gun forging plant was started; also
the enlargement of the works Of the
National Tube Company for the manu-
facture of torpedo air TASKS forgings
and the installation of machinery and
equipment in the armor plate depart-
ment for the production of recuperator
forglngs for heavy guns. All of this
and much other work was undertaken
at the urgent request of the United
States government" Extensions and
equipment now being made at the Ala
bama plants of the Tennessee Coal,
Iron & Railroad Company, the South
ern subsidiary Of the Steel CORPORA
ton, are said to call for the expendi-
ture of about $3o,000OOO.
Utilities in England
Public utilities companies in this
country are having so much trouble
because of increasing costs of opera
ton and their inability to increase
rates proportionately that the expert
ence of some of the British concerns
OF this character is of special interest
In the case of electric lighting and
power companies in England eleven
out of fourteen of the largest have
during the past year made smaller divi-
dend disbursements than in 1913, the
last pre-war year, while only two have
been able to increase their dividends.
The other company, the County of
London, has been able to pay per
cent regularly during the period. But
as compared with 1916 seven companies
have increased their distributions and
the other companies have maintained
the return to shareholders at the 1916
level. These fluctuations in dividends
are said to reflect fairly the general
experience o. electricity undertakings
IN England. Generally speaking, the
amount OF electricity sold in that coun-
try in 1917 was increased, and the per-
centage increase in quantity repre-
sents in some cases approximately the
increase in profits.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13

all the other officers being as
sistant Trust Officers. The per-
sonal Trust business of this
Company is growing, viz, as ex-
ecutor, trustee, guardian, etc.
Accounts received suitable for
a Trust Company; interest is
paid on balances.
Subscriptions received for
Third Liberty Loan.
Offer for sale War Savings
Stamps and Smileage Books.
40 BROADWAY (Sinser Buildins)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13
Distillers Leads the Market

FOR the second time this week the
turnover in Distillers securities yester-
day exceeded that of United States
Steel common. Distillers furnished the
outstanding feature of the whole mar
ket' advancing to 457s, new high price
tor the movement, and an advance from
Thursday of 39s points Forty thou
sand shares made the market in the
stock. Pool operations are held re-
sponslble for the current activity and
strength IN Distillers shares, based. ap-
parently, on the prosperous condition
OF the company's affairs, as disclosed
recently at the annual meeting of the
sstoeKholders. Distillers S per cent
oo7a were also strong. advancing from
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13

London Money Market. - LONDON.
April 12.-Money was easy to obtain
at per cent, while discount rates
were weak, short and three months
bills bringing 1916 per cent. Gold
premium at Lisbon. 1870.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13

The war finance corporation bill
having passed, those who supported
it by ridiculing the attacks made on
the ground that the bill would result
in serious imitation are now more
frank. One brokerage house which
secuted the idea that there would be
initiation if the bill were enacted re-
marks casually in it's latest market
letter that "the legal basis for the
inf1ationary process now having been
provided, we await the need for, and
the technical machinery for, it's en-.
forcement."
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13

Below is given the current exchane.
value of foreign money in dolla,s and
cents, together with the intrinsic gold
parity, as calculated by the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13

Bank Clearings. - The days bank
clearings at New York and other cities:
Exchanges. Balances
New York. .$516,669, 1923 $62 900, 776
Boston. ........ 46,5O6,676 7,O36,654
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13
Extras
Regular Declarations

Luther Manufacturing Company.--Quar.
tcrly dividend of s per cent, payable Mnw !
to stockholders Of record April II.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13

try totalled 5000, e1o,51s, an increase
OF 20 per cent compared with the cor
responding week of 1917, according to
r. G. Dun & Co.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13

Silver.-Bar silver in London was
46Ad. unchanged; New York, 93ssc, I'M
changed; Mexican dollars, 75c, un-
changed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13
Dividends
Regular Declarations

!, Eik Basin Petroleum Company--Qunrterly
dividend dv,aend OF "a per cent. payable May / to
Havana Electric ny.-Sem;-ann,o,
dividends OF 80 per share on the preferred
ana Is per share on the common stock, pay
25. " Ae'o'u april
=, New York & Honduras Rosario Mining
Company-Q Quarterly dividend of per cent
on the capita! stock and II distribution from
the amortization fund equal to 2 per cent Of
the capital stock. both payable April 30 to
stockholders of record April 90 ~
Extras
Stafford Cotton Mills Corporation
An extra dividend of / u per cent has
been declared, in addition to the reru-
lar quarterly dividend Of - per cent.
record April II.
REGULAR DecIarat;or.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13
Metropolitan Petroleum's Troubles

Troubles of the stockholders OF y.
metropolitan Petroleum Corporation
Will have complete airing on April
20 when special meeting has been
called for the single purpose of
thrashing out all the differences of the
various factions. An attorney for ona
OF the parties said yesterday "hall
has been hired" to take care of the
disgruntled shareholders who have
charges to make. The story of tho
Metropolitan Petroleum Corporations
fiasco is long one, the main point Of
contention of the complaining stock
holders being that the best part of the
company's property and its ono bio
producing we'll were transferred ;ls
legally to another company. the Island
on and Transport Corporation, in en-
change for $250,00o cash and $4,000.
600 shares of the Island Oil. A stock.
holders committee headed by Charles
Z. Matchett has sent out notices to nil
shareholders urging their attendance
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13

A compilation made by a news
agency indicates that brokers' loans
at present are only 60 per cent of
normal, and 33 per cent of the maxi
mum reached at the peak of the stock
market boom in the fall of 1916. This
is a good gauge of the technical
strength of the market, and suggests
that stocks now are more strongly
held than they have been for long
time. The stock books of the United
States Steel Corporation give similar
testimony, for whereas So per cent
of the stock was in brokers' names
on December 81, 1916, on March 81
this year only al per cent of the
stock was so held.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13

Sub-Treasury.-The banks lost to the
Sub-Treasury yesterday $72S,0OO.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13

German Bank Statement.-The state
ment of the Imperial Bank of Germany
for the week ended April 6 shows the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13
Money and Credit

After the bulk of the demand for call
money had been satisfied yesterday at
AZ per cent the rate declined sharply.
closing at per cent. Most of the davis
business was in the form Of renewals.
The market for fixed date funds
closed with no change in fundamental
conditions. Some small loans were re-
ported at 81 per cent for thirty-d
PERIODS, but the regular maturities
were firmly maintained at per cent
bid p ~0''S
Ruling. rates for money yesterday,
compared with year ago, were as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13

Discount Rates.--.rhc following table
gives the current rates of the twelve
Federal Reserve banks-frst. on com
mercial paper for all periods IN to fif-
teen days and on sixteen to ninety dav
paper; second, the rates for rediscounts
OF loans secured by United States gov
eminent notes or bonds:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13
Fulton TRUSTEE.
of New York

has no Trust Officer.
the President occu-
pying that position :
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13

4uIet Yesterday. Rates were firm at 6
per cent for the best regular maturi-
ties. NA
BANK Acceptances.-The demand for
acceptances was small and rates were
unchanged, as follows:
Thirty Sixty Ninety
opot de- days. days. DAYS.
- livery: Per cent. Per cent. Per cent.
E IDLE o"''
m m Der
banks :. .4A@4 4AM4a H. mAa
E igible VIZ eS4'
non men,
Der banks.4h@4lA 4LM4h dLmaA
Ineligible
bank bills5A@424 5A@4a4 5M@4sh
FOR delivery within thirty days:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-13
Commercial Goyernm't

Bank Exchanges. 49, Clearinxn this
week at the principal cities Of tho coun-
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-01-20
EIKs.

The Benevolent and Protective Or
der OF Elks was founded on the 18TH
day Of February, 1858, and will cels-
brate it's hfiteth anniversary next
month.
The wonderful benevolence, Of this
order may be partially estimated from
It's responses to tho demand OF the
present war conditions rs shown ~
the Eaks war fu0d relief The grand
lodge has called upon the subordinate
lodges and received responses as foI-
lowe: For the erection OF a base nos
pital at the University OF Nrg MA
$4,000 For the erection az a base
hospital At the University of oregon.
$4,000 For The erection OF hos
piial al Boston fer the treatment O.
wounded soldiers returned from me
front s250,00o, For two base hospital"
in France now Ia active service. cost
and maintenance not ssg ertainahle.
For Reconstruction hospital IL
course OF erection 10 be used 10y the
government, entire cost $3.50 zoe. This
is the frat OF lis character In the
country. For liberty bonds, 81 0o0,-
eco; for Red Cross, 100000; for
Y. ". c. A.. &So .000. There are over
three hundred Elks' homes new In use
by the Red Cross. There are over
z0.0eo Eiks In the service, and many
home guard companies of Eiks in va
rious parts OF the country.
The grand exalted ruler OF the u +.
O. E is Fred Harper. under whose
administration the order is extending
Its powers and influence throughout
The country.
Richmond lodge. No, as, b. +. O. IT,,
conducts their lodge and home at the
corner of Eleventh and Marshall
streets. Thos. II. Garnet il exalted
ruler and W r Harwooa is secrs-
kary. The order is stInctiy fraternot
"Recogn.zing the duty that every man
owes to society and 10 his fellow, and
actuate5 bv a desire 10 ASS IN max
ing the world better and more cheer
fui place IN which 10 Live, few men,
Atty years ago. effected its organiza
ton, and chose rs its motto Charity
Justice. Brother1y Love Fidelity
There are 1885 subordinate lodges
ana a mem bership Of SOC, 900. Rich
mlond lodge, No. As, was instituted
May 3. 1858.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-01-20

Dixie aerie, 3Ss, ". O. F., met In
regular session on the first Thurs
day In January and installed the fol-
lowing officers for the ensuing twelve
months: David O'Neil. president:
Ldnwood Rowiett, vice president: w.
r. sullivan. recording secretary: q.
J. Hirshberg. financial secretary:
Joseph Purvis. chaplain; Arthur
Beck, conductor: Bud Fisher. out
side guard; VIM. Krouse, inner
guard; Joseph Baker. trustee: Felix
Bashon, treasurer; Charles Peoples,
past worthy president.
At this meeting the Aerie present
ed Brother Peoples with a handsome
diamond emblem ring as a token of
appreciation for the services 80 ably
rendered by him during the past year
as presiding officer OF the aeris.
The year 1917 concluded a won
derfully successful chapter in the
history OF 3sS. Many new members
mad been enrolled and the general
condition OF the aerie was reported
to be most satisfactory.