davidaulloa/AmericanStories huggingface dataset:
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1918-07-17

The Young Peoples Rcd Cross So
cfecy- Of tho s.. Stephens church hclc
their regular T1cetinE Inst evening in
tho pa-lnrs OF the church The evening
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1918-07-17
FRUIT IS A SUCCESS

~. ryb"'iy lh.., "rruItl Hearts" thriving
';tm. 1'rat'S why II WAS An ln,mrdlhI"
Surc"s%. rnndy coated. fruit flavor u
At your d"alrr>-Jc.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1918-07-17

was devoted 20 sewing and knitting for
our boys in tn" service.
New-York tribune., 1918-05-18
Steel Institute

The fourteenth annual meeting of the
American Iron and Steel Institute will
be held in the grand ballroom of the
Waldorf-Astoria Friday, May 81, it was
announced yesterday. There will be
forenoon. afternoon and evening ses-
sions. The papers to be presented at
the meeting will be as follows:
Address of the president, Ebert H
Gary, of New York.
"The Electric Steel Plant at South
Chicago" T. w. Robinson, vice-presi-
dent of Illinois Steel Company, Chi
"The Design of the Modern Blast
Furnace Stack" j. G. West, jr, gen.
eral superintendent blast furnaces
Jones & Laughlin Steel Comnanv
Pittsburgh.
"The Modern By-Product Coke Oven
and Its By-Products," W. H. Blauvelt
consulting engineer, Semet- -Solvay Com.
pany, Syracuse, N. Y.
Effect of Phosphorus in Soft Acid
and Basic Open-Hearth Steels," J. S
Unger, manager central research bu-
1reau, Carnegie Steel Company, Pitts
burgh.
"Conservation of rro-Manganese. .
papers to be arranged for by G. A
Buck, vice-president Bethlehem Steel
Company.
Relation of the Trade Papers tc
the Iron and Steel Industry" Bertram
5. Stevenson, M. A. Hanna & Co.. Pitts.
burgh.
New-York tribune., 1918-05-18
Progress Made in
Big Shipping Deal
With British Firm
Important Changes in Inter.
national Mercantile
Marine Likely

P. A. S. Franklin, president of the
International Mercantile Marine Com
pany, yesterday clarified the vagueness
of his statement Thursday that nego-ti-
ations were still under way to dispose
of the ships of the company which fly
English flags to a British syndicate.
satisfactory progress is being made, "
he said, at the conclusion of a special
meeting of the directors.
Though no details of the plan now
under discussion were made public, it
is expected that, if the present offer
Of British interests is accepted, it will
result in a revamping of International
Mercantile Marines financial structure,
which would mean the entire wiping
out of the present holding corporation
and the formation of new company
which would operate only vessels flying
the Stars and Stripes. This view was
expressed by an interest of the COM
months ago to dispose of the British
ships.
The terms of the present offer, it is
understood, are likely to prove accept
able to the American directors as GER
tain barriers, which sidetracked the
deal six months ago are said to exist no
longer. The money consideration in
both propositions is said to aggregate
$125,OO0, 900, an amount sufficient to
pay off the company's per cent bonds,
which are callable at Ito, take up the
preferred stock at par and in addition
clear up the back dividends on the pre-
ferred, now equal to SGT share.
The lines that would be affected by
transfer of ownership to British in
terests are the Atlantic Transport, the
White Star, the Oceanic Steam Naviga-
tion Company, Ltd, the British and
Oceanic Steamship Company, Ltd, the
Atlantic Transport Company, Ltd, and
Frederick Leyland & Co., Ltd. Sale of
these properties would leave the At
lantic Transport Company, of West
Virginia, as the nucleus of a new
American company.
Trading in the Marine shares on the
Stock Exchange yesterday attracted at
tention because they advanced buoy
antly, while the rest of the market was
reactionary. The preferred sold as high
as 1924 and closed at 1904 for net
gain of 5 points: The common stock
after selling up to 29h ended the day
at 28%, which was 2B points above
Thursdays last sale. The company's 6
per cent bonds were also heavily traded
in on scale upward. Opening at 81
they advanced at the close to 97Z,
compared with Thursdays last quota:
tion of SO.
New-York tribune., 1918-05-18
Million in Gold Sent
Here by Canada

Arrangements have been completed
by Canadian financial interests for the
shipment of gold to New York for the
purpose of adjusting the abnormal ex-
change situation. The first shipment,
$1,0O0,000 in metal, is expected to ar
rive here to-day from Montreal. 1t is
understood that the gold is to be sent
to New York with the understanding
that it will be returned to Canada
within a year.
For several months past the ex-
change situation between Canada and
the United States has been strongly in
favor of this country and New York
funds at Montreal have ruled at a
premium Of as high as per cent. Yes
terday the premium was 1 1882 per
cent. Several delegations of Canadian
bankers have visited Washington in an
effort to obtain a credit as one way of
adjusting the situation, but so far no
advance of this nature has been made,
with the result that small amount of
gold is now being shipped here as a
temporary measure.
The following Toronto dispatch ap-
peared on financial news ticker yes
terday:
s"Sir Thomas White, Canadian Minister
of Finance, who is here to resume his
duties at Ottawa following a series Of
conferences at Washington with
United States officials and Lord Read
ing, British Ambassador, states that
he secured permission from the Capt.
tai Issues and Priorities Board for
the issuance Of certain Canadian Sc
curities in New York. He also had con-
ferences with the British War Mission.
as the result of which it is possible
that large additional war contracts for
munitions and other supplies will be
placed in Canada. He stated that the
present financing of Allied purchases
IN Canada amounts to S25,0O0,000
covering munitions, shipbuilding and
other accounts, as we'll as the $40,-
100000 contract for cheese, to which
must be added at a later date the
financing of the western wheat crop
movement. He said good progress was
being made in connection with the re-
adjustment of the United States
Canada exchange problem"
New-York tribune., 1918-05-18
Relevant Comment
About Goal Week"

Although the piers are handling on
an average Of 100 cars of hard coal
daily, "Saward's," the new coal trade
weekly, states in its current issue that
this tonnage is being absorbed without
having any appreciable effect in salts
flying the local demand. Belief is ex-
pressed in the statement frequently
heard that the situation is even tighter
now than in March, and April. Com
menting on the fuel administrations
action in designating the first week in
June as "coal week." the publication
says, the announcement came as a
shock to the trade. "On first thought"
it adds, "the proposition has it's humor-
Gus aspects, but clear understanding
of just what it is desired to accom-
plish shows that coal week. must be
taken with all seriousness. The ad-
ministration has two main objects in
view, first, to stimulate buying in sec
tions where the public has been back
ward in placing orders, and, second, to
learn the probable requirements of the
different states and communities"
New-York tribune., 1918-05-18
Civilian Buyers
Brushed Aside as
Govt Needs Grow
Trade Is Active, but Supplies
Are Not Equal to
Demand

Growth in war business, broader de-
mand for civilian goods, improved re-
tail trade and further ease in trans
rortation stand out as the principal
features of the general trade situation,
according to "Bradstreet's Review"
"Governmental operations" it states,
ranging from the construction Of
ordnance plants, ships and warehouses
down to the buying of the most COM
mon products, figure to a greater ex-
tent than heretofore. AS the govern
ment buys, as it continues to COM
mandeer goods in being or in prospect,
various kinds of supplies for nom
militant consumers necessarily grow
scarcer. In short, the country's move
ments are being adjusted to true
war basis, and with few signs of fric-
ton. Thus it eventuates that final dis
tributers, fearing bare shelves, are
shopping more frequently, are unde-
tered by high prices from buying such
quantities of staple goods as they can
acquire, and therefore a season of the
year that usually sees midsummer
dulness in the larger lines now gives
off manifestations Of unwonted ac-
tivity. Sales are far ahead of those
made at this time in any previous
year.
warmer weather has stimulated
business in seasonable merchandise,
and it is evident that most of the buy
ing proceeds from the war enriched
classes, whether engaged directly or
as replacement units matters little so
Tar as spending power goes. On the
other hand, those deemed wealthy
are reported economizing. Drygoods,
snoes, heavy clothing, groceries, pro-
visions and drugs lead in point of ac-
tivity. While price fixing and fear of
attracting the governments attention
restrict speculation in general or
cause complaint about freedom of &C.
tion, it is noteworthy that scarcity of
cotton and woollen fabrics for civilian
uses has superinduced to a good deal
of intertrading between dealers, each
recurring transaction presumably
bearing an additional price impost."
According to "Dun's Review" the
labor question, both in it's relation to
trade and manufacturing and in its
bearing on agriculture, is one of the
most perplexing problems being en-
countered. and the shifting of men to
the more imperative occupations is be-
coming a more imperative expedient
as additional numbers are called to
the colors. "That outputs for strictly
civilian uses are lcssening steadily"
1T says, us not surprising, with greater
concentration on war work made neces-
sary, and the knowledge that the
paucity of supplies of manyamaterials
and products will later be Intensified
has a stimulating effect on forward de-
mands and a strengthening influence
OH prices"
New-York tribune., 1918-05-18
Petroleum Output Lags

Crude petroleum production during
the month Of April in the Kansas and
Oklahoma producing areas declined,
compared with March, but was sub
stantially larger than the output in
April, 1917. according to the monthly
compilation of 1.-THE Oil City Derrick" !"
Receipts of crude oil from the wells in
these states in April amounted to H.
l50,862 barrels. a decrease of 515,186
barrels compared with the March run.
The daily average Of the pipe line re-
ceipts for the month was 371,694 bar
rels, against 376,324 barrels in March.
In April, 1917, the pipe line runs
amounted in the aggregate to 9,796 ,636
barrels. daily average Of 326, $50 bar
rels.
The April runs from the fields east of
the Mississippi and those of the mid
continent were 14,012,973 barrels, and in
March the total was 14,553,436 barrels.
difference of 540.463 barrels. The
daily average shows very little change.
owing to April having one less business
day, the average for March being 460. :
72S barrels and that for April 4s7, ,O9o
barrels.
New-York tribune., 1918-05-18
Colorado & Southern
Earnings Larger

The Colorado and Southern Railway
lines line reports gross revenues of $751;
685,81O for 1917, compared with SIG,
469,278 in 1915, and net revenue Of
$7,OS9,509, compared with $6,383,946 the
preceding year. After dividends and
other charges there was a surplus of
S2,64O,O93, compared with $1,993,574 in
1916.
The report says that on account of
drouth conditions there was an unusual
movement of live stock over its lines,
principally out of west Texas. The
company handled 21,00O cars of stock
taken from this territory. 1t is asserted
that it will take many years fully to
recover and restock the pastures
abandoned
New-York tribune., 1918-05-18
City Bonds Stronger

New York City bonds have showed a
strong tone in recent days in response
to a broadening inquiry. Prices of
various issues are now to points
above the low level of the year. The
most active issue, has been the AIS of
97%, to yield 4.62 New city issues may
be expected in due course, Governor
Whitman having signed last week the
bill authorizing the city to borrow $15,-
100000 in excess of the debt limit re-
strictions during each year of the war
and for one year after the termination
of the War
New-York tribune., 1918-05-18

ANDREW J. MCCORMACK, Auctioneer
REGULAR AUCTION SALE,
STOCKS AND BONDS.
by ADRIAN H. MULLER s. SON.
OFFICE. 55 WILL al ST
WEDN ESDAY, MAY 22, 1918,
EXCHANGE SALESROOM,
NOS. "a and 16 VESEY STREET.
FoE Account OF Executors.
4 500 shs. Horn Silver Mines Co.
~ shs. A. T. De La Mare Co. Inc
For Account of Whom It Nav Concern
73 shs. w. II. Miner Chocolate co.
common. -
SoO shs. Sawyer Shipyards Corpn. prefd,
500 shs Sawyer Shipyards Corpn. com.
mon.
100 shs Lufkins Salvage & Shipping
$1,000 7 ,...i Valley Gas G. Coke Co 1st s
f. SO Bond. 1895.
1900 shs Railways Company General.
80 shs. Hudson County Consumers
Brewing Co.
Sc shs. Consumers Pie Baking Co.
73 shs. Consumers Pie Baking Co.
10 shs. Excelsior Brewing Co.
New-York tribune., 1918-05-18
Long Island r. r. Gains

The income statement of the Long
Island Railroad Company for the year
ended December 81. 1917, as reported
yesterday. showed operating revenues
of $17,286,178, compared with $14,971,-
838 the preceding year. Despite an
increase of $2,033,32S in operating ex-
penses and an advance of s58,o50 in
taxes and uncollectible revenues, the
years operating income Of $4,379, ,807
was still $222,962 above the 1916 show
ing. The 1917 surplus, after fixed
charges, was $869,690, compared with
s241. .735 the preceding year.
New-York tribune., 1918-05-18
Dividends
Extras

Extras
Essex COmpany.-An extra dividend
of SIS per share has been declared in
addition to the regular semi-annual
dividend Of So per share, both payable
June to stockholders of record May g..
Standard Oil Company Of Ohio
Extra dividend of 81 per share in addi-
tion to the regular quarterly dividend
of So per share has been declared, both
payable July l to stockholders Of
record May 81.
Chesebrough Manufacturing Com
pany.-An extra dividend Of so cents
per share and the regular quarterly
dividend of So per share. both payable
June 20 to stockholders of record
June l.
Regular Declarations
West Penn Traction & Water Power Com
par,y.-Quarterly dividend of TX per cent on
the preferred stock. payable June Is to
stockholders of record June 1.
Acme Tea Company.-Quarterly dividend
Of $1.75 per share on the first preferred
| stock. payable June l to stockholders Of
record May 90.
Crucible Steel Company.-Quarterly divi-
dend of TX per cent on the preferred stock,
payable June 20 to stockholders of record
June 10.
Quarterly dividend of TX per cent on the
preferred stock, payable June l to stock
holders of record May 20.
Great Northern Paper Company.-Diyidend
of $3.50 per share, payable June l to stock
holders of record May 25.
Independent Brewing Company.-Quarterly
dividend of " of / per cent on the com
mon stock, payable June Is to stockholders
of record May 81 and the regular dividend
of La per cent on the preferred stock. paw
ass ssls n. Nay 81 to stockholders of record
Iron Cap Copper Company.-Dividend of
25 cents per share. payable June J. to stock
holders of record May 20.
Mexican Petroleum Company, Ltd.-ouar-
terly dividend of 50 per share on the pre-
fsrred e.s stock ., payable July to stockholders
terly dividend of 50 per share on the com.
mon Stock payable one-half in cash and
one-haf in United States Liberty bonds
of the second issue. July 10, to stockholders
of record June Is.
idend OF ~ per cent on the preferred stock,
payable June ! to stockholders of record
May 81. - 'e'''o
Northern Texas Electric Company.-ouar.
tcrly dividend of 81 per share on the com.
of record May 16.
Pan-American Petroleum & Tranxnor,
Company.-Q Quarterly dividend of $l.75 Der
share ON the preferred stock. payable July
to stockholders of record JUNE Is. and the
ON tho common stock. payable one-half in
casn and one-half in Liberty bonds Of the
sec"na issue, on July 10, to stockholders Of
record June Is.
Wisconsin, Minnesota Light & Power
company Quarterly dividend of 1A per
cent on the preferred stock, payable June
l 10 stockholders of record May 20.
Northern Ohio Electric Corporation. Quar-.
tery dividend of 11a per cent on the pre-
Ierred stock, payable June / to stockholders
New-York tribune., 1918-05-18

The above rates express the cost Of
foreign money in terms Of the Ameri-
can dollar. You buy an English pound
sterling at, say, s4.75ss. The intrinsic
parity is $4.S6M per pound. Thus you
say either that pounds are at discount
or that dollars are at premium, which
the demand for dollars with which to
settle accounts in this country is greater
than the demand in this country for
pounds with which to settle accounts in
England.
New-York tribune., 1918-05-18
New Municipal Financing

Increasing activity in municipal
financing is expected as number of
states and cities are reported to have
made application to the Capital Issues
Committee for approval of new issues
Announcement was made yesterday
that William R. Compton Company
Halsey,. Stuard & Co., R. w
Bank and Trust Company, of New Or
leans, are members of syndicate
which has purchased and will shortly
offer for sale $3,000,0O0 State of Mis-
sissippi 5A per cent bonds.
New-York tribune., 1918-05-18
News Digest &.
Foreign

- London Exchange Quiet.-LONDON,
May 17.-Money was in ample supply
to-day. Discounts were easy. The vol
ume of business in the stock market
was small, but there were several good
features. The war loans were fore
most, being Influenced by the belief
that money would soon be cheaper.
Bank and insurance securities rose on
renewed inquiries. The favorite min
ing shares were lively. African land
stocks were in demand. Shipping
stocks hardened, and oils were firm.
Paris Bourse Firm-PARIS, May II.
Prices were firm on the Bourse to-
day. Three per cent rentes brought So
was quoted at 27 francs 15h centimes.
Five per cent loan sold at 81 francs
70 centimes.
New-York tribune., 1918-05-18
More Silver to India

The local Assay Office has shipped
$1,oOO,0O0 worth of silver to India this
week. The latest consignments, to-
gether with those made last week
bring the total shipments from New
York to $3,000,000. Melting down OF
silver dollars under the terms of the
Pittrnan act has been resumed at the
Assay Office and further shipments OF
silver to the Far East are being ar
ranged.
New-York tribune., 1918-05-18
Holding Up C. & O. Dividends

Failure of the Chesapeake & Ohio
directors to declare the usual semi
annual dividend at their meeting on
Thursday caused inquiries to be made
as to whether action had been post
poned. At the Offices of the road it
was said yesterday that the matter was
held in allegiance. while negotiations
were still under way with the govern
ment on the companys contract. The
semi-annual dividend of per cent, due
at this time, is payable regularly in
June.
New-York tribune., 1918-05-18
---
FINANCIAL MEETINGS
st. Louis. No. May 18th. 1919
SPECIAL MEETING OF STOCKHOLDERS
at the close of business May lot
LIGGETT & MYERS TOBACCO co

LIGGETT & MYERS TOBACCO co.
meeting OF the stockholders OF Ligssts q
Myers Tobacco Co. will be held q y
principal Office. Is Exchange Place, JesSg
City. New Jersey. at IL o'clock A. -. - -
Tuesday. June 18th. 1918, for the pursc
OF considering and acting upon the s,- oss
ton Of amending the Certificate OF lnCs
poration OF the Company SO as to incrss.~
Its capital stock BY the issue OF Twsny,x ~
one Million, Four Hundred and Ntnety2s.
Thousand, Four Hundred Dollars ~
4s6. 100000 OF Common Stock 3, with -
same rights to dividends and upon Houssss
tion as the present issued common stsfs ~
but without voting powers. ana tor or.ss<-
purpose of empowering the Board OF ssssa
tors to issue such increased stock slss
such terms and conditions as II may ass
proper. -
The transfer books OF preferrso - -,
common stock will be closed Tor tno
poses OF this meeting from o'clock ~
May ssth. 1915. to 10 o'clock A. NJ.
19th, 1918. 81 &
BY order of the Board of pfrsctosa
E. H. THuRSToN. eeces e
New-York tribune., 1918-05-18
New York
Iational Board of Fire Underwrite,

to Meet May 23.-At the ffty-second
annual meeting Of the National Board
of Fire Underwriters at the Hotel AS
tor on May 23, it was announced yes
terday that work in connection with
government activities would be report
ed fully. The programme will include
an address by R. M. Bissell of Hart
ford, president of the Board, who has
devoted large share of his time dur
ing the past year to work in Washing
ton
New-York tribune., 1918-05-18
Liverjool Cotton Statistics

LIVERPOOL, May 17.-Weekly cot
ton statistics: Imports, $4,000 bales;
American, none; stock; $4,000; Ameri-
can, 100000; forwarded, $4,000; Ameri-
can, 10000; exports, none; sales, 5000;
American, $500; afloat, 100000; Ameri-
can, $4,000.
New-York tribune., 1918-05-18

The precipitate rise in stock prices
was checked yesterday, though trad
ing continued on broad scale. The
market became irregular. While
there were further gains in some is
sues, on the whole stocks were de-
cidedly weaker. This reactionary
tendency was really the best thing
that could have happened, for had
the headlong advance continued there
is little doubt that a severe slump
would have occurred on the first bad
news. Much of the buying in the
last week has been based on no better
foundation than that prices were
rising; in other words, traders and
the so-called "outside public" were
simply gambling. Yesterdays pause
discouraged such transactions and
caused not little profit taking,
which has at least put the market in
a stronger technical position. There
was much short selling in anticipa-
tion of decline, which also will op-
crate as a sustaining influence in
case the market should suddenly be
called upon to face disturbing news.
New-York tribune., 1918-05-18
The Dollar in Foreign Exchange

Pronounced strength of Swiss ex-
change furnished the outstanding feat
ure of dull market yesterday. The
Swiss rate went to 3.94 francs to the
dollar, compared with 3.9S the day be-
fore. Dutch guilders also made new
high record at 81 cents for cable
transfers. Other rates showed no i'm
portant change.
Closing rates yesterday, compared
with a week ago, follow:
Quoted dollars to the pound.l
New-York tribune., 1918-05-18

Discount Rates.-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., 1918-05-18

Market Barometers
Stock Exchange Transactions

Stocks
Rail- Other All
roads. stocks. stocks.
Yesterday. 147,7O0 922, 100 1,069,8 300
Day before 218,9O0 1,584,300 1908, 200
Week ago.. 163,60o 1,os1,100 1,244,70o
Year ago.. 128,300 778,400 906,700
January 1 to date:
1918. VI. {, ,soe, 900 46,2e4,ooo 53,103, 900
1917. &, 200 63,742,0OO 72,231 600
1915. 9,441 900 59,262, 100 68,704, 900
Bonds
Day Year
Yesterday. before. before.
U. S. gov.s4, 1856 900 $5,822, 900 ----
Rails. -. 465,O0O 845, 600 $1,520,00
Others. 3,6e4,cO0 1,645,000 $4,000
All bonds 8.295, 900 $4,000 100000
January to date:
1918. 1917.
U. s. gov'nts. 1886, ,361 900 $235, 900
Railroads. ..... 65,9s7 900 141,54s,00o
Others. ...... 133,936, 900 2e2, ,332, 900
All bonds. ..... 533.294, 900 434,116,oo0
New-York tribune., 1918-05-18
Money and Credit

. Call money was in fair supply at the
Stock Exchange yesterday at s to 6h
per cent. There was active renewal
business. o a.
Little change was noted in the mar
ket for fixed date funds. Inst;tut;on.
were not disposed to place anv nav
money on time. and what business was
done was restricted to renewals at 6
Per cent for thirty-day and six-day
loans ON Industrial securities az col
lateral. W.
Kuling, rates for money yesterday.
compared with a year ago, were as
Yesterday. Year ago.
rsu Per cent. Per cent.
New-York tribune., 1918-05-18

Below is given the current exchange
value of foreign money in dollars and
cents, together with the intrinsic gold
parity, as calculated by the United
States Mint:
New-York tribune., 1918-05-18

Bank Clearings.--The days bank clear
ings at New York and other cities were
Exchanges. Balances.
New York. $608, ,023, ,658 $46824,O74
Boston. ........ 56,139,271 9,718,698
Philadelphia. e6,63s,204 12o22,058