davidaulloa/AmericanStories huggingface dataset:
The sun., 1918-07-03
BETHLEHEM STEEL
LOAN Is PROPOSED
Corporation Contcmplates New
Bond Issue of About
S5O,OOO,OOO.
TO REDEEM 1919 NOTES
Part of Sum to Be Used for
Extensions and Work
ing Capital.
TO REDEEM 1919 NOTES

New financing which is expected to
approximate s5O.ooo,ooo is under con-
sideration by the Bethlehem Steel Cor
poration officials and the corporation s
bankers Although the corporation sold
$3o,o00,0o0 OF s per cent. preferred stock
.ess than year ago 1t now finds 1t ex-
pedient to approach the money counter
again owing to the necessity of provid-
ing for $50, 900 of two-year notes
maturing in February, 1919; securing
funds for the completion Of permanent
extensions and additional working cap
ital.
Before the new financing can be for
mally announced 1t Is understood that
approval will have to be obtained from
the authorities at Washington. and It
Is even expected that direct aid may
have to he furnished by the War
Finance Corporation in handling what
ever new Offering may be decided upon
owing to the unusual conditions that ex-
ist in the security markets as result
of the war.
The new financing may not be as
large as expected at this time, because
the Bethlehem Steel holds S36,500, 900
of British treasury bills, which mature
on February l, 1919, when the two
year notes must be paid. These bills
are now part security for the two-year
note issue. together with s25,000,000 Of
Bethlehem Steel 5 per cent. bonds. The
new note offering. however, is expected
to have as part collateral the Bethlehem
Steel per cent. bonds. which are now
UP as security for the notes maturing
next year.
The Guaranty Trust Company and the
Bankers Trust Company are expected to
be the heads OF whatever syndicate ia
organized to float the new note Offering.
These two institutions were the man
ayers OF a large syndicate which placed
$50. 200, 900 OF two year notes with In
vestors more than eighteen months ago,
when the corporation found II necessary
to secure funds in order TO complete its
Russian munitions contracts. about
which difficulties and delays had arisen.
When in August the corporation sold
sac, 00,0 5000 Of s per cent. preferred stock
the Guaranty Trust Company, Bankers
Trust Company and J. w. Seligman
& Co headed the syndicate OF under
writer's. who had to take up about 80 per
cent. of the offering which was not alb
sorhed by shareholders.
When II became known in the financial
district yesterday that the Bethlehem
Steel Corporation proposed to do new
financing there were substantial offerings
Of the "B" stock. which declined about
a point and closed near the low figure.
Rumors that the company contem-
plated selling some new securities were
heard as early as last May, but these
seemed to have been dispersed when the
directors on May declared the regular
quarterly dividend of $3.50 share each
on the a. and "B" stocks.
The sun., 1918-07-03
REPORT OF THE CONDITION OF
THE BANK OF AMERICA

at the close OF business on the goth day OF
Iune. 1918
RESOURCES
The sun., 1918-07-03
DIVIDENDS AND INTEREST.


savings Banks.
The sun., 1918-07-03
DIVIDENDS PAID OUT
OF 1915 EARNINGS
Great Northern Iron Ore Prom
critics Draw Upon Undis-
tributcd Receipts.

Trustees of the Great Northern Iron
ore Properties, according to the annual
report issued yesterday. had to draw upon
undistributed receipts to the extent of S2-
26O.40S i'm order to pay the 81 so disbursed
last year on the 100000 certificates of
beneficial interest. In fact. no distribu-
tons were received from the proprietary
companies during the year.
Inc trustees made this explanation
OF the failure to receive moneys from
the proprietary companies: They are
reserving funds to meet such needs as
may develop, this being necessary, due
TO uncertainty of the tax situation and
possible cancellation of some leases. in
which latter case It might be necessary
to resume mining operations"
The payment of the dividends reduced
the undistrbuted receipts to s2,O7s,775
at the close of the year. At the same
time the balance sheet showed current
assets 100000 in excess Of all current
liabilities, of which SS,344722 was in
the form of cash. In addition the prop
critics had a surplus at the close OF thu
year of s79.979,5 64. Barring further re-
ceipts from the proprietary companies,
the trustees have available for distribu-
ton this year an amount equal to $13S
on each OF the 1900, 900 outstanding GER
tificates
Regarding the leases contaminated in
1917 the trustees. Louis w. Hill, James
N. Hill and Edward T. Nichols. say in
part: During the year, the proprietary
companies made leases covering an i'm
portant proportion OF their remaining ore
reserves and developed mines. The prin-
cfpal leases were with the Inter-S. ate
Iron Company. a subsidiary of the Jones
& Laughliu Steel Company Of Pittsburg
Pa. and Hanna ore Mining Com
pany, a corporation organized by VI. A.
Hanna * Co. of Cleveland. Ohio. and
controlled by a syndicate OF ore consum-
ing interests.
'In addition to the royalties to be
paid, the Interstate Iron Company has
reimbursed and the Hanna Ore Mining
Company will reimburse the proprietary
companies for all moneys expended by
them on account of the development Of
the leased properties and for taxes, and
have purchased the buildings, structures
and equipment thereon.
'ThrouC the leases made in this and
previous years the companies have dis
posed OF their developed mines Except
their interest in the North star Hill and
Walker mines. now idle) and on July /,
1917, withdrew from mining activity {:
however. there remain quite a large num-
Der of properties which have not yet been
developed. Whether these will be leased
to outside interests. or will be opened and
operated directly by the companies will
depend upon future conditions"
The sun., 1918-07-03
RECEIVER FOR PIPE COMPANY.
No Actual Insolvency shown. hut
Business Conducted at Loss.

Vice Chancellor Stevens, in Newark
yesterday. appointed Frank p, McDer-
mott of Jersey city the New Jersey re-
ceiyer for the American Pipe and Con-
Struction Company, n $4,000, 900 corpora
ton with seventeen subsidiary utility
companies In south Jersey and Pennsyl-
vania.
The Vice-Chancellor held that the cor
poration had committed no definite acts
Of insolvency. but said he would appoint
q receiver on the theory that the bust
ness was being conducted at a steady
loss to stockholders. The fact that a bill
was filed IN the Federal court In Penn
sylvania September 2, 1917. with the
corporations consent. he said. virtually
meant that the concern had suspended
management OF its business from that
time.
During that time" he added. at has
exercised control over none of It's assets
except In so far as stockholders and d.
rectors may have been permitted to ratify
or oppose the receivers acts"
The sun., 1918-07-03
LONDON MARKET.

LONDON. July Apart from the exc
cution OF moderate accumulation OF In
vestment orders, which kept the gilt
edged securities firm, the stock market
was generally dun to-day. Money was
easier with the turn OF the half year but
the public and dealers alike appear TO be
waiting for clearing 0f the war and po-
litical situations in Various directions
Grand Trunk, home rails and oil shares
advanced slightly and Mexican issues
finished easy.
Money, per cent. Discount rates
Short bills, 3la per cent three months
bills, 3 ais per cent Gold premiums at
Lisbon, 1900 Consols for money, &c
British = per cent loan, 1875 British
I IL per cent. loan, 99A.
The sun., 1918-07-03
NEW YORK MAKES RECORD.
States Receipts and Expenditures
Largest in Its History.

ALBANY, July New York States
receipts and expenditures for the fiscal
year which ended June 80 were TIE
largest In the States history Comptrol-
Ter Travis announced tonight. The re-
ceipts totalled s76,3O0.OOO. nearly $751;
0OO. 900 more than in the previous year
Expenditures. increasing $4,000. 900, ag-
gregated s74,600,000.
Some of the larger sources of revenue
were New corporations. 3 per cent.
tax, s14,769.275: general corporation
tax, $4,000, 900; transfer tax. s11,433,-
400: stock transfer tax, s5,312,0S2, and
new investment tax, s1.430.4Si.
Budget appropriations for this year
total $sl,525,27l. with estimated re-
ceipts of $S2,797,25S
The sun., 1918-07-03
TO GET LOAN FROM U. S.
View Orleans Railway and Light
Co. Promised 100000.

The New Orleans Railway and Light
Company has been promised a direct
'oan n 100000 by the War Finance
Corporation to reimburse the company
'or necessary expenditures. provided the
holders of the $4,000, 900 of two year de-
hentures which matured June l last. eN-
change them for new one year per cent,
notes as called for in the company's ex-
tension plan.
D. Curran. president OF the COM
psny, says that more than so per cent
~ the dehcnture holders have deposited
heir securities under the plan, but in
order that the money may be available
Ia the company as soon as possible he
urges the other owners of the debentures
20 deposit them under the plan.
The sun., 1918-07-03
I. =. Arrange- for Rupee Exchange

WAsHrNGToN, july 2-ArranRements
have been made through the Treasury
Department with the British Govern
ment under which the supply of rupee
exchange to finance American Ciyil and
military business in Indian exports has
been secured. The price fixed is 1913
cents per rupee for topographic transfer
and the Federal Reserve Board viii adj
minister the exchange
The sun., 1918-07-03
STEEL MEN TO CONFER.
with War Hoard VIII Fix Price,
on Several Product.

WASHINGTON. July "A meeting here
oe,ween a Joint committee of the War
industries Board and the steel manu-
iscturers has been called for tomorrow
10 consider establishing prices for stee,
raiis, steel and malleable iron castings
wire rope. bar iron, chain and several
other commodities. Up to this time the
Government has not acted in the direc-
uon or liking prices on these products.
railroads originally requested that no
action De taken on the price of steel
rshs. Now that the roads have passed
,n.o the control of the Government so
far as operation is concerned a reo,,est
has been made that a definite price bo
established.
The sun., 1918-07-03

NAsHGNGToN. July State banking
Institutions admitted to membership In
The Federal Reserve system to-day in
Guided the Fifth Avenue Bank of New
York with resources of S22,S73 900. and
the Wachovia Bank and Trust Company
m W,nston-Salem. n. c.. with resources
Of tl6S92,0OO.
The sun., 1918-07-03

WAsHINGToN, July q Expansion OF
the grain corporation to cover all
cereals under the new name OF tho
Cereal Division has been made the
Food Administration announced TODAY.
The reorganization was occasioned by
the alterations made in milling plans
for next year.
The sun., 1918-07-03
PRICE OF COPPER RAISED.
War hoard increases Rate to 40
Cents n Pound.

MAsHiNGroN, July 1.-The price OF
copper has been fixed at 26 cents a
pound. an advance of az cents over the
former price, the War Industries Board
tonight announced.
Inc new price. which is subject to the
approval OF President Wilson. went into
erect to-day and will continue until Au-
gust >.
The sun., 1918-07-03
PARIS MARKET.

PARIS, July Grading was quiet on
the bourse to-day. Three per cent,
rentes. 80 francs % confines for cash.
Exchange on London, 81 francs IS CEN
times. Five per cent loan. IS francs 81
confines
The sun., 1918-07-03
Custom House ReceiDt,.

Receipts for duties at the Custom
House Yesterday were s571 ,SO346, OF
which $l95,49247 was for merchandise
withdrawn from bonded warehouses and
S376.ll0.9s for recent importations.
The sun., 1918-07-03
JONESBROS. TEACO. INC.

At meeting OF the Board of Direc-
tors, held today, a dividend OF fifty cents
$50 cents) a share was declared on the
Common Stock, payable July 18th, 1918,
TO stockholders OF record July |. 1918.
ALBERT DOERLE, Secretary.
June 25, 1913.
The sun., 1918-07-03
KELLY-sPRINeFlELD TIRE co.

4 quarterly dividend Of one dollar 81 OOl
per share on the common stock OF this
Company has been declared, payable Al.
the close OF business July Is. 1913
= A SEAMAS secretary
New YORK. July =. 1918
The sun., 1918-07-03
OUT OF TOWN MARKETS
CHICAGO.

CHICAGO, July 2.-Trade in Carbide
broadened again to-day and good de-
mand advanced the stock to 55&. II
eased Off to IS at close. showing net
advance to a point and a quarter. Lind
say Light and Shipbuilding off y point.
Bonds Quiet Summary
The sun., 1918-07-03
Can. northern s-curi,i.. Placed.

The syndicate eaded by William \,
Read & Co, which purchased $4,000, 900
of Canadian Northern equipment trust
company certificates, has placed all the
securities with investors.
The sun., 1918-07-03

WAsHINGToN, July 1.-THE first of the
las locomotives ordered by the Rail-
road Administration in May has been
completed and is ready for inspection.
1t was announced to-day II at the Bald
win Locomotive Works was the first OF
the builders TO finish an engine.
The sun., 1918-07-03

Notice Is hereby given that a meeting ~
the stockholders Of the +. \. NATFFTCS
co, Inc, will be held at the once OF the
company go W. A2nd Street New York
CITY, on the 18th day OF July. 1918, at -
NJ O'Clock for the purpose of eIcCting six
directors for tho ensuing year and two in
sprctors Of election to serve at the next
annual meeting and for the transaction of
such other business as may properly come
before said meeting Transfer hooks VIII
BE- closed from June 2lst, 1918
J. II. WALSH. Secretary.
The sun., 1918-07-03

\ " Corner BrO8d and NrCh StTeets,
Philadelphia, June u, 1918.
The Directors have this day declared a
quarterly dividend of two per cent 81 90
per share), payable July Is, 1918. to stock
holders Of record at the C.ose OF business
June 80. 1915 Checks will he mailed
l ". MORRlS rreAsMrer.
The sun., 1918-07-03
Minneapolis Grain Market.

MINNEAPoris. July Corn No 3
yellow, SI.55@ l65. oats. NO white,
1874 m7ihc. Flour unchanged. Bran
1870.
The sun., 1918-07-03
BOSTON.

BosToN. July Firm tone to copper
shares on moderately active trading
price changes generally higher Other
departments less active and steady,
summary.
The sun., 1918-07-03
uTSG,RI, LADIES AID SOCIETY

NOTICE rs hofebN glNen, tNat Al a
Special Meeting OF the members of INN
garia Ladies' Aid Society. held at the
Hotel Savoy. saith Street and 5th Avenue
New York city. on the 18TH day OF June
1915 at u. NJ, the following resolution
was duly adopted:
RESOLVED. that this corpora tlon
rhanse its name from the present name. to
wit Hungaria Ladies Ala Society to
United Ladies' Aid Society"
Dated. New York. June -, 1915
HUNGARIA LADIES AID SOCIETY,
Nv Mrs " HTRSH, President
LAURA KLEINM ANN. Secretary
The sun., 1918-07-03
UNITED GAS & ELECTRIC COMPANY
81 RrondwnN. New York

81 broadway. New York
The Board OF Directors has this day de-
Ci1red tn" regular seLui- annual dividend Of
two and one-haif per cent. (. y ~ ON the
outstanding preferred capital stock ~ the
company. payable July -, 1915, to stock
holders Of record June -, 1915. Dividend
checks Will be- mailed
J. 4. MckENNA. Secretary.
The sun., 1918-07-03
PHILADELPHIA.

PHILADELPHIA. July 2,--F'irmer tone
in market, due to Improvement In general
market at New York. summary
The sun., 1918-07-03
BALTIMORE.

BALTIMORE. July Trading quiet and
prices steady, but not much changed.
Summary:
The sun., 1918-07-03
DIVIDEND NOTICE OF
AMERICAN LIGHT TRACTION COW
PANA

The Board Of Directors of the above
Company at meeting held July End.
lqiS declared CASH dividend of Il o.
on the Preferred stock. CASH dividend
81 ~ e. on the Common stock and divi-
deni at the rate n > - shares Of Common
stock on every one hundred l00D shares
~ Common stock gutStanding. all payable
August LIST. 1915 Sp&
The Transfer Books viii close II 90
O'Clock = NJ. on July nth. 1919. and will
reopen At 1000 o'clock \. NJ. on July
29th, 1918.
9 y JELI.IFFE. Secretary.
The sun., 1918-07-03
Banking Facilities for Americans Serving Abroad

The Farmers Loan and Trust Company
1872 William Street, New York
Branch Office: AS Fifth Avenue. at 4lst Street
LONDON
l6PaD Mall, East. S. W. IT, 70 Old Broad Street. E. G. T.
PARIS BORDEAUX
n Boulevard Haus,mnn Cous du Chapeau Rouge
Two Special Agencies in the War Zone
Convenient to the United States Army Camps
This Company offers its services for all banking
transactions American officers and enlisted
ing here in France.
The Company has been designated Depository Of
Public Moneys in New York. London and Paris by the
United States Treasury Department.
Member Federal NeD Clearing House
The sun., 1918-07-03
DIVIDENDS AND INTEREST.
To the Holders Of stock Trust Certificates
for Preferred stock of the
INTERNATIONAL MERCANTILE


Notice Is hereby given 10 holders OF out
standing stock trust certificates for Pre-.
ferred stock Of the International MerCan-
tile Marine Company to present their cs'-
tifCates at the Agency Of the Voting Trus
tees, 81 Newark street. Hohoken. y. j.. TO
he exchanged for dehnitive stock OF the
Company.
Pursuant to the foregoing notice the
undersigned, as Agents for the Voting
Trustees. viii he prepared, on and after
August LIST. 1918 to distribute the dividend
of 2ro to holders of Preferred Stock issued
in exchange for stock Trust Certificates
who file mailing Instructions with us.
THE NEW WORK TRUST co.
For Voting Trustees
New York. June slst 1918
The sun., 1918-07-03
$5,OOO,OOO
Canadian Northern Railway
Equipment Trust SO Gold Certificates
OerIeS "A, IJIO
ISSUED UNDER THE PHILADELPHIA PLAN
Dated July I, 1918
Due Annually l9io-I92S

1 Due Annually
Raiudy
railway
300 With this railway
usually large nstanents principal l5 for each the first two
500 been
a
all
o o
The sun., 1918-07-03
American Telephone & Telegraph Co


Coupons from these Bonds, payable by
their rrms ON July I. 1915 at the ofiice OF
the Treasurer OF tn" Company In New
York will bee paid by tn" Bankers Trust
Company, II Wall Street
q u MILNE. Treasurer
Evening capital and Maryland gazette. (Annapolis, Md.) 1910-1922, 1918-11-09
AMERICAN RED CROSS
TO LOCATE WOUNDED

Announcement was made by the
American Red Cross in New York city
that it has been designated as "the
only relief society authorized to un-
dertake the work of locating and adj
ministering to the American wound
ed who have been removed to the var
ious hospitals in France" This or
der" the announcement continues,
was issued (by General Pershing)
following the receipt of many applica-
tions from militarized civilians ask
ing permission to visit wounded Amer
leans who are undergoing treatment
in French hospitals. 1t is designed
to conform to the policy adopted to
centralize the activities of relief or
CARNATIONS overseas and to facilitate
the most necessary work of the Amer
lean Red Cross with the Army in
France 1t was added that systema-
tization of work in the $500 French
hospitals involved already is under
way, and also that the Red Cross War
Council has appropriated $3,475,000 to
meet the estimated expenses of the
operation of the Bureau of Camp Serv-
ice for the six months ending Decem-
Der 81, next.
Evening capital and Maryland gazette. (Annapolis, Md.) 1910-1922, 1918-11-09
GENERAL PETAIN
OF FRENCH FORCES
PAYS Tribute To American Welfare
Workers In His Com
maud

General Potain, the field command
er of the French forces. who hurled
back the Germans from Paris as he
did from Verdun, has paid enthusiast
tic tribute to the aid rendered by
American welfare workers in the
forces under his command, in a state
ment just made public.
1--WE canno. appreciate too highly
the precious services rendered to US
by the Foyers du Soldat," says Gen
eral Potain, referring to the hut or
ganization financed by the American
Y. NJ c. A. which supplies half of the
workers.
''They have not only assured 10 our
soldiers as much of physical comfort
as possible, under the present circum-
stances. but they have also been a
tremendous moral comfort and sup
port"
The Foyers do the same services
for the French Army exclusively as
are performed for the American fight
ers by the Y NJ c. A, the X. of c.,
the Jewish Welfare Board and the
Salvation Army.
Evening capital and Maryland gazette. (Annapolis, Md.) 1910-1922, 1918-11-09
WAR ORPHANS
VI AS XMAS GIFTS

Adopt a Christmas Gift War Or
phan!"
This is the slogan of a campaign
which The Stars and Stripes has in
augurated to accomplish, between now
and Christmas, the adoption of at least
500 child mascots by the A. E. F. units
and members-a campaign to secure
food, clothing, comfort, schooling for
500 little French children whose
fathers have paid the supreme price
for liberty, says the official newspaper
of the A. z. F. in its edition of October
IS. a COPY of which has been sent the
Capital by Private A. r. White, of An
napolis.
I'VE are out to give at least 500 lit
the French boys and girls "a Christ
mas present which will last a whole
year.
1--WE have these children listed, pho
tographed, investigated by the Ameri-
can Red Cross-all ready for adoption.
And we offer them to the o. d. Santa
Clauses from overseas-Five Hundred
Christmas Gift War Orphans At 500
France Each.
Get out the old Who's Who in This
War and enter the A. E. F. as phil
anthropist.
1.-THE A. E. F. got a smile on its face
tIfis week, a paternal twinkle in its
eye, and beamed all over. 1t went
into it's inside pocket and came out
with more francs than you would ever
think it had if you've tried to float a
prepay day loan lately.
LAS an amateur Santa Claus and
fairy godfather to the war orphans
of France it did itself proud. To the
appeal of The Stars and Stripes for
Christmas l-the-year-around aid for
children whose fathers gave up their
lives in this war, for children rendered
homeless by the Hun, the response
was lusty and eloquent.
when all the adoptions received
had been tabulated and counted, when
all the hearty expressions of good will
and we'll wishes had been read and
noted, it was found that 100 fatherless
little children had found parrains in
the A. E. F. and wouldn't have to
worry about the wherewithal for their
daily bread for a full year. Also, it
was found that all previous weekly
records for the number of adoptions
had been broken and that the half way
mark to the 500-by- Christmas goal
which we had set was already near at
tainment"
Evening capital and Maryland gazette. (Annapolis, Md.) 1910-1922, 1918-11-09
NEW MESS KIT FOR
BOYS over THERE"
Lower Pan Also Designed To Hold
More Chicken 4 La
Casserole

That the boys over There" are
still fond of leafs" is shown by the
following from STARS and Stripes"
their official organ published in
France by the American Expeditionary
Forces:
There is new mess kit
''It has two oval pans, like the old
mess kit, but both pans are deeper.
THE lower pan-with draught of
almost two inches-will hold whop-
ping ladle full of soup or stew, or all
that even the most altruistic mess SER
geant would allow TO be loaded into
it. The lid part has a depth of over
half an inch and a wide, sharply turn
ed edge all around that is guaranteed
to prevent even peas and other rolling
vegetables from sliding off when a
reasonable angle is maintained.
"A major in the equipment bureau of
the Ordnance Department designed the
new mess kit after observing company
messes at the front. He says that Mr..
Hoover might object to the big holding
capacity, and the dry cleaners union
might denounce the non-spilling, nom
splashing rims that keep gravies from
splitting on to doughboys' laps, but he
is confident that the divisions now get
ting the kits will be envied by the men
who are still using the old magical
and juggler outfits"