davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-06-21
Regular Declarations

American Screw Company.-Quarterly div
idend OF TX per cent payable June 20 to
stockholders of record June 90
Brooklyn Trust Company.-Qu Quarterly divi-
oend OF per cent. payable July 1.
Columbia Trust Company.--Quarterly divi-
dend of 31s per cent, payable June 20 to
stockholders OF record June 81.
Creamery Package Company.-Quarterly
dividends Of 1s per cent on the common
and preferred stocks. both payable July 10
to stockholders of record July l.
Dodge Manufacturing Company.-Quarter-
stock. payable July to stockholders Of rec
ord June %: Also. the regular quarterly
dividend Of 1A per cent on the preferred,
payable July to stockholders Of record
June o.
Equitable Trust Company.--ouarterly divi-
dend of per cent, payable June 30 to stock
holders of record June II.
Gorham Manufacturing Compnny.-Quar-
terly dividend Of / " per cent on the pre-
ferred stock. payable July TO stockholders
of record June %.
CRANKY Consolidated Mining. Smelling a
Power Company.-Quarterly dividend of Au-
gust to stockholders of record July 19.
dividend Of so cents per share, payable July
10 to Stockholders of record June Is.
Hendee Manufacturing Corpary.-ouar.
terly dividend of ~ per cent on the nre-
ferred stock. payable July l to stockholiers
of record June 20.
Indiana Pipe Line Company..-Quarterly
to stockholders Of record July 20.
Laurentide Company.--Quarterly dividend
OF 25s per cent on the common stock. payx.
Bile July to stockholders of record June as,
National Shawmut Bank.-Quartsrly diyi.
dend OF 2h per cent, payable July / "a
stockholders OF record June 90.
Merchants National Bank.--Semi-annua,
dividend OF per cent. payable July e
ness June 81. D'''
;, L:wyers Mortgage Company.--Quarterly
uivfdend OF per cent. payable June 90 e
stockholders of record June 20.
Northern Pacific Railway Company
Quarterly dividend Of Ia per cent. u.vshIs
AuEust I 70 stockholdees c{ rocorti jnlx a
New-York tribune., 1918-06-21
u. s. Will Get
Large Credits in
Chile and cru
Negotiations for Loans Ag-
gregating $50,000,0
Nearing Conclusion

Negotiations are nearing the final
stage, it was learned yesterday, for a
financial arrangement between the
United States and the South American
republics of Chile and Peru, under the
terms of which the latter governments
are to advance substantial credits to
this country. While official Informs
ton as to the amount of the credits
is not yet available, it is understood
that the total will approximate $780,
100000.
The funds advanced to the United
States by Chile and Peru by virtue
of the agreement will be used, it is
asserted, for the purpose Of stabilizing
exchange. The American dollar is at
a heavy discount in both South Ameri-
can countries. In the case Of Chile
the dollar is worth As per cent less
than it's normal value.
The Chilean and Peruvian credits to
be obtained by the United States will
be similar in most respects to those
that have been arranged with Argcn-
tina. Under the terms Of q $40000,-
UUU CIeOlC aUVduCSQ u tuo OHlLSO
States by Argentina recently American
importers who purchased goods in Ar
gentina made deposit with the Fed
eral Reserve Bank of New York for the
account of the Argentine government
which in turn paid the Argentine ex-
porter in paper pesos issued by the
conversion bureau in Buenos Ayres
against the New York deposit.
Similarly, in the case of the Chilean
and Peruvian credits now being ar
ranged, it is understood that gold will
be deposited with tho local reserve
bank to the credit Of those governments
This arrangement would eliminate the
necessity Of exporting gold from the
United States and at the same time
makes it possible for the American i'm
porter Of goods from the South
American countries to obtain funds for
making remittance without paying un-
duly high exchange rates.
Announcement was recently made in
Washington that steps were being
taken to stabilize exchange rates be-
tween the United States and all the
South American countries.
New-York tribune., 1918-06-21
Business on the Pacific Coast

Business conditions in San Francisco
continue good. The retailers all re-
port considerable increase in cash re-
ceipts, although the volume is not
much above last year. Wages arc
high and money is being spent freely
by employees; but salaried people, on
the one hand, and those who are we'll
10 do, on the other hand, are practising
increasing economies, the latter affect
ing perceptibly dealers in luxuries.
Wholesalers have also shown an in
crease over 1917, although merchan-
disc is difficult to obtain, and much of
the output is either being taken for
government use or otherwise restricted: ;:
however, retailers have fortunately
been we'll stocked
The labor problem in all lines is
growing more acute.
Collections are good.--WeUs Fnr0o
Nevada National Bonhe of San Fran
cisco.
New-York tribune., 1918-06-21

Plan to Establish
Credit University
Universal Military Training
and Better Tax Laws Also
Favored by Association

Especial Correspondence TO The TrituncJ
CHICAGO, June 20.--A comprehen-
sivc plan for the establishment of a
national university Of credit education
to be known as the National Institute
OF Credit and for which the prelimi-
nary steps already have been taken was
the feature of to-day's sessions of the
convention OF the National Association
Of Credit Men.
The plans for the university have
been formulated by a special commit
tee under the Craftsmanship Of David
E. Golieb, Of New York, who has been
berg, sirector Of the department Of
finance, New York University School
of Commerce, and other educators.
The scheme is toy confer degrees upon
those completing the curriculum by the
various separate schools to be estab-
lished throughout the country and
which will create a new standard Of
efficiency among credit men.
The convention also adopted reso-
luton creating a committee to confer
with government officials in amending
the present income tax and excess
profits tax acts.
The credit mems association was
largely instrumental in securing the
adoption of the Federal Reserve Bank
law and expects to exert wide influ-
ence upon new national tax legislation
through its committee, which it was
clearly defined is to be actuated by
patriotic motives alone and sugges-
tions Of which will seek to distribute
more evenly the burdens Of war taxa
tion.
A resolution fof national system of
highways also was adopted, the idea
being to crehte such system of high
ways for automobile freight traffic as
shall relieve the manufacturers Of the
country and shall make up In part for
the additional burden placed upon the
railroads.
The convention also went overwhelm.
<ingly on record in favor Of universal
military training.
The principal address Of the day was
by Professor W. A. Scott, dean Of the
University of Wisconsin. who spoke
upon "Comercial Credit: It's Place and
Importance in National Development
c. E. Thomas, of New York, chairman
OF the committee on foreign credits
rendered report in which it was
1resentatives hereafter be enabled
through legislation, to furnish credit
Information to American merchants
The. trade acceptance also came uI
again for discussion, and T. N. Shep
herd, representing the Chamber o,
Commerce of the United States a
Washington, delivered a pregnant ad
dress of inspiration on "The Future
Outlook for American Business"
Tonight the Robert Morris Club
forming the bankers section of the
credit men, held dinner, which was
addressed by Professor Scott and BY
Luclus W. Teter. chief of the regional
pian Pa Tor war industries of the Chicago
district John Burke, Treasurer Of thf
United States, will address to-dav's
session OF the convention, and the cleo.
ton of officers and directors will take
New-York tribune., 1918-06-21
Relevant Comment
B. R. L. Stock Breaks

Brooklyn Rapid Transit stock broke
= points on the Stock Exchange in the
first hour of trading yesterday. II
opened at DO, off IA points. and an
lmmedlately succeeding sales dropped
TO 3oH, the lowest price for tho issue
since last December, when it touched
80 .on the general market decline. Sell
ing or b. r: T. stock yesterday no doubt
represented liquidation as we'll as spec
ulative offerings. The basis for the
selling Sc was furnished in the terms of
the financial arrangement, under which
sne company will be provided with
FUNDS to take care Of its July ! note
maturity. m That makes it imperative
tnat the company omit dividends on
'he capital stock while the new notes
are outstanding, in order to conserve
cash and to avoid the sale of additional
securities during the life of the notes.
Passing of Dividends
The Brooklyn Rapid Transit Com
pany has been paying dividends on it's
sI4,455,159 outstanding capital stock at
the annual rate of per cent since
1913. In 1913 51a per cent was maid
and from 1911 to 1912, inclusive. the
stockholders received 5 per cent. Pass
ing. OF the dividends, as will be required
under the new financial arrangement.
VIII mean the first break in the divi-
dend record of the company since 1909
3 per cent having been paid in that
year.
New-York tribune., 1918-06-21
Kahn II, Spain to
Arrange Credit?

Pronounced weakness Of Spanish ex-
change in this market yesterday gave
rise to reports in local foreign ex-
change circles that either an Allied or
an American credit would shortly be
arranged in Spain for the purpose of
stabilizing exchange rates. Spanish
pesetas declined about cent to 27.3O
cents, the lowest rate touched in sew
eral weeks. In some quarters it was
thought not improbable that OTo
Kahn. member of the firm of Khhn,
Loeb & Co., who is now in Spain, had
gone there for the purpose of under
taking negotiations on behalf Of the
United States for a credit advance
from Spain.
New-York tribune., 1918-06-21

commercial paper remained quiet and
rates were steady at per cent.
Bank Acceptances.-An active de-
mand was reported for bank accept
ances yesterday. The following rates
We're quoted:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent. Per cent. Per cent.
E gible
m am ber
banks. .4A@4 4h@4h 4.@4I4
E igible
non-mem-
Der banks4n @41s 42a@4l4 4ls s@4a
n eligible
bank bills.5I4@4s4, 5M@4a4 5I4@4s4
For delivery within thirty days:
Per cent.
Eligible member banks ........ 41a
Eligible non member banks. 80. 4sa
Ineligible bank illsa..........
Discount Rates.-Tne 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., 1918-06-21
More Gold From Canada

The Federal Reserve Bank of New
York announced yesterday the recent
OF $4,000, 900 in gold bars from Ottawa,
making the total amount imported in
the present movement $4,000, 900. It
Is not expected that there will be any
further shipments of this character re.
cciyed at this time.
New-York tribune., 1918-06-21
The Dollar in Foreign Exchange

Weakness of Spanish exchange was
feature of the foreign exchange mar
down to 2730 cents, decline of /
cent. In exchange circles the weak
ness was attributed to reports that a
credit will be obtained in Spain to
stabilize the value of the dollar there.
Other exchange rates moved narrow
H.. Francs and sterling were steady.
Closing rates yesterday, compared
with week ago, follow:
Quoted. dollars to the pound.)
New-York tribune., 1918-06-21

London Money Market.-LONDON,
June 20.--Money was firm at 2M per
cent to-day. Short bills we're dis
counted at 1852 per cent; three
months bills at 31s per cent. Gold
premiums at Lisbon, 10000.
New-York tribune., 1918-06-21

Sub-Treasury.-The banks lost to the
Sub-Treasury yesterday $1,390,0o0.
Silver-Bar silver in London was
4sBd, unchanged; New York, 991sc,
unchanged; Mexican dollars, TIC, un-
changed
Bank of England.-LONDON, June
2o.-The Bank Of England, in its weekly
statement, re ports ans increase Of
2327, ,401 in gold holdings. The proper
tion of reserve to liabilities stands at
1877 per cent. compared with 1888 per
cent week ago. The statement, with
the changes from last week. follows:
New-York tribune., 1918-06-21
News Digest
Foreign

London MEket Firm.--LONDON.
June 20.~~The tone of the stock market
to-day was good on encouraging news
as to the war situation, but gilt-edged
stocks were slower because of higher
interest rates. Home railway stocks
were given the most support because
of dividend anticjpations. Japanese
bonds we're dull. Armament, engineer
ing and Grand Trunk stocks were most
active and strong. De Beers main
tanned its strength on dividend of
25 shillings. including bonus.
Paris Bourse.-PARIS, juno Co.
Trading was limited on the Bourse to-
day. Three per cent rentes were quoted
at So francs 45 centimes; per cent
loan, 80 francs 15 centimes.
New-York tribune., 1918-06-21
Specials

Cities Service.-The company has
declared special dividend of three
quarters OF l per cent in stock on the
stockholders of record July 15; also.
the regular monthly dividends of one
half of l per cent on the common and
preferred stocks, both payable August
l to stockholders of record July Is.
New-York tribune., 1918-06-21
Japan's Trade Expandinv

Japan foreign trade Is running into
pig figures again this year, according
to the Japanese foreign trade summary
covering the month of April and the
nrst tour months Of the current year,
issued yesterday by Akira Den. fnan-
cal representative Of the Japanese GOV
eminent in New York. Total exports
and imports Of the island empire in the
nfsr tour months of the year approx
mated in value $3.50, .0OOs Compared
with $360,000,000 for the corresponding
period of 1917. The excess of exports
over imports for the four months was
$oU,o0O, against an excess of exports
IN the corresponding period of last
year of $80,0O0,OOO. April exports and
imports of Japan aggregated total
value of $110,000,000, against $96,OOO.
oOO in April, 1917. Imports exceeded
exports by S2,8oo,oOo during the month.
Another Marine Rumor
During the forenoon yesterday a
prominent Stock Exchange house
bought 10000 shares of international
mercantile Marine preferred on scale
up. In brokerage circles there was an
unconflrmed report that the British
government has increased it's so-called
Blue Book schedule of ocean freight
rates. which applies to all British yes
sells requisitioned for government pur-
poses. The regular monthly meeting Of
directors scheduled tQ take place dur
ing the afternoon was postponed until
to-day, owing to the absence of Presi-
dent +. A. s. Franklin in Washington.
General Motors at a Premium
Shorts in General Motors are paving
high for their temerity. Not only has
the. stock moved against them for sew
eral days, but, what is more, the issue
commands premium Of u of | per
cent cen, share in the stock loan crowd.
This means that the trader who is
short of General Motors has to pay $50
per 100 shares day to borrow the
stock to make delivery with. Motors
moved higher. again yesterday, touch
ing l39A and closing at 1391a for d
net gain of Y points. The stock at its
present price shows an advance Of
about. 20 points from the level Of q
month ago.
New-York tribune., 1918-06-21

Bank Clearings.-Bank clearings yes
terday in New York and other cities
We're:
Exchanges. Balances.
New York. 1851 .857 ,o98 $75,ee2,273
Boston ....... e7,25o3ee 1878, ,5se
Philadelphia. 83,176.460 1916, 1926
New-York tribune., 1918-06-21
New York

New Orleans Railway & Light
Financing.-D. u. Curran, president Of
the New Orleans Railway & Light
Company, has addressed letter to
holders Of tho two-ys, ,r per cent gold
debentures maturing June l last, ad-
vising them that directors have au-
thorized an issue Of $A,000,0OO one
year per cent notes, dated June /,
1918, callable at 100 and interest on
issue is for the purpose Of refunding
the per cent debenturen that r1atured
June 1, 1918. This company made ap-
plication to the War Finance Corpora
tion for assistance In meeting it's
maturity, but was denied aid.
New-York tribune., 1918-06-21
Easier Call Money

The government withdrew funds
from It's deposit account with the banks
yesterday. The withdrawal was not
sufficiently large to embarrass the
banks in any way, however, and call
money rates displayed pronounced
ease, getting down to per cent at the
close of the day. This was the lowest
rate for call money since April.
New-York tribune., 1918-06-21
Money and Credit

The banks were more liberal with
their offerings Of call money at the
Stock Exchange yesterday and the rul-
ing rates were S TO 51s per cent, a de-
cline of l per cent, compared with
Wednesday. In tho afternoon, zen
the bulk of the demand had been az is
fed, the rate dropped to per cent,
where it closed.
A moderate amount Of money was
loaned by the banks for ninety days at
6 per cent. The demand continued ac-
tive, with borrowers bidding per cent
for all maturities on industrial col
lateral
Ruling rates for money yesterday,
compared with year ago, were as
follows:
Yesterday. Year ago.
Per cent. Per cent
Call money:
On mixed collateral S s.
On industrial col't1 Ea 6N
Time money (mixed collateral).
Sixty days ........ SN@6 6@5M
Ninety days, ..... 534@6 $685.
Four months ..... 634@6 $685.
Five to SIX months. 5349D6 $685.
Commercial Pspsr.--The market for
New-York tribune., 1918-06-21

Bank of Germany.-BERL1N, June 10
(via London) The statement Of the
Imperial German Bank, issued June is,
showed the following changes, in
rnur1,a.
New-York tribune., 1918-06-21

commercial paper remained quiet and
rates were steady at 6 per cent.
New-York tribune., 1918-06-21

Bank of France.-PARIs. June 90
The Bank Of France statement, with
the changes from last week, follows, in
New-York tribune., 1918-06-21
On mixed collateral S s
On industrial col't1 5La 6Na

Commercial Pspsr.--The market for
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-10-27
COAST ARTILLERY
/ EXPECTS SAILING ORDERS

Roanoke. Va, Oct. 2s.-T h e
Eleventh coast artillery company
commanded by Captain reyton Jar
nison. and composed almost entirely
Of Roanoke boys, has received orders
tai laEa-4t -4.af4F422a- Monroe e.
diately to prepare for overseas ser
vice according 10 information re-
ceived here last night After being
mustered into federal service last
spring the company was sent Ches-
ter, Pa, for guard duty. 1t was res
Gently ordered to Gilmerton. Va.
II is said that a battalion is to be
formed of the five Virginia artillery
companies which were organized less
than a year ago. TWO of these com :
panies are from RichTn ond. ono from
Bristol. ono from South Boston and
one from Roanoke.
It was learned some time ago that
mebers OF the Eleventh from this
city were chatting under their assign
ment 10 guard duty around the NUM-
ton plants and iron works al Chester,
The members considered that they
were entitled TO participate in the
hig works over there" and 1t is
understood that the moving orders of
last night were received with shouts
of approval
No intimation of the time whom this
been given out but II Is understood
that il will take some days to whip
the proposed new battalion into shape.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-10-27
Army TRAININGS MEN
FOR TRUCK DRIVERS
Aftfr-Mar Transportation Demands
Arr Expected to Provide Them
@ Abundant Employment,

When the war liz over. America will
have an enormous number Of trained
truck men. These soldiers, trained at
the front, will have gone through ex-
perfenccs SURPRISING any that are pos
4Shae upon the American road, ana
their very training at the war front
will make them invaluable operators
IN Americas raridfy growing system
- rural express delivery
EnxreSt J. Alvin. general manager
~ the United States Motor Truck
company. Of Cincinnati, believes that
every one OF these men will find a
position Immediately upon their re-
turn. as he has found more and more
evidence q tate that the motor truck
business af,eY the war throughout
the t'n.se<s Stses Will surpas.s the
fondest eSpee Is tiens Of the optimist
of today MIR Alvin called attention
many mon rs age TO the fact that all
OF the thousands upon thousands OF
motor trucks that are now being pur-
chased for the war front will not be
returned to America, but will he util-
ICED In the reconstruction of France
and Belgium. American demands will
have TO be met. and as this IL done
positions will be provided for all of
the trained motor-truck men from
the European fronts as fast as they
return
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-10-27
MEN WHO 'TDAT ON JOB" TO
he REPORTED As SISCkfIi'

Portsmouth VA Oct. &c --~ Every
omployer Of the city is 10 he asked
10 furnish To the local exemption
board the names or every man on his
payroll who does not work forty four
hours a week, and this Information IS
TO De used iff ssf efftsft f, Place every
u able bodied man In Portsmouth In
IsAtther the work or fight class Thi@
action was decided upon at a meet
linz last night Of The committee ap-
h SCENTED yesterday afternoon following
afhe gathering held in the council
aG1Snmber, when General Marshall told
4 Npxenfy or more representative ciii-
&D619 OF Portsponfh that II this city
N wanted the benefit OF improvements
TIfebOsed to be made by the govern
IN a0nt at a cost of $40 600, 900 il must
u S1fnIkh its share OF the labor neces-
#2mFY TO carry on the work.
@&ENG, ID. Lamson. Of the navy yard
\ ~ IL prornipent labor leader Of
S3ISfo city, was the author of the reso-
Y 41nn which. when made effective,
"a h a means OF checking up AL
&AoBe who are considered slack
n and the latter. upon the ruling
No exemption board. may be re-
6 either 70 put in their full
~ 70 TO Camp Lee and be in
into thu military service OF
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-10-27
CONvTCrS WHO ESCAPED
GIVEN YEAR ON ROAR

- EAHntoH, Va, Oct 2g.--IFa HE case
Of the Commonwealth against II. 4.
1ummert, Robert Cohen. Orvilie
le<hcoe and Hillard Knox. all indict-
"a for feionionsfy escaping from the
state lime-grinding plant, during the
day plead guilty in the circuit court
and were each sentenced TO n term
Of one year on the road force at the
plant
When the escape was made Lethcoe
WAS serving an li-year sentence and
his time would have expired July j.
1921. Cohen was In for fifteen years,
tho expiration Of his term being on
June 10. 1895: Mummert serving
thirteen years. would have been libe-
rated March 2. 1927; Knox would
have completed his fouryear term
On March Is, 1921.
While the men were sentenced ia
terms ending on-the aforesaid dates.
49At with good behavior. they would
AAd had about three months of each
Sear served cut off their sentence.
The courts decision adds another
rear to each mans time.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-10-27
RED CROSS SENDS RELIEF
TO ARCHANGEL DISTRICT

Washington, Oct. 26.~-Red Cross
Headquarters has received a cable re-
port from the Red Cross mission
which reached the northern part OF
Russia a few weeks ago stating that
it has sent a shipload of food, med :
ieines and other supplies to outlying
parts Of the Archangei district which
had to be reached before winter set
in The need Of promM relief for
the inhabitants of towns along the
coast OF the White sea and on the
kola peninsula, many of whom are
facing starvation, was found to be
imperative. Scurvy has broken out
among the people at these places,
adding 10 the general distress.
The towns to which the relief ex-
petition has been sent are virtually
isolated from the outside world be-
cause of the treacherous coastline,
shifting sandbars and uncharted wa
ters. An exceptionally early frost,
even for that part of the world. ruin
ed the harvests which were expected
TO improve conditions. Statements
printed in Russian. explaining the
work Of the Red Cross, will be dis
tributed among the inlIa bitants The
mission is preparing to send relief to
other parts of the Archangei district