davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-02-07
Midvale Steel Puts
$27, 800, ,27O Aside
For War Taxes
Balance for Year Is Equal to
$17.12 a Share on the
Common Stock

The Midyale Steel and Ordnance
Company, according to preliminary
report for 1917, made public yesterday,
showed net earnings Of S34,235,503,
after all deductions, including SGT,
360,270 reserved for Federal taxes. In
1916 the company's net profits were
$32,214,724.
Earnings last year, before tax allow
ances, amounted to S71,264,560. COM
pared with $37,417,113 the previous
year. The 1917 balance available for
dividends was equal to $17.12 share
on the $100,000,000 outstanding, stock
$3.50 par value), against s16.1o share
earned in 1916.
For the quarter ended December 81
the net earnings were $1S,393, ,6O5, COM
pared with $18,045,082 the previous
quarter. The balance, after taxes, fixed
charges and depreciation, was $40 ,882,-
OFT, against s8,o39,285 the previous
quarter.
New-York tribune., 1918-02-07
Chalmers Motor Co.
Reduces Common Stock

Stockholders of the Chalmers Motor
Corporation, at the annual meeting
held yesterday, voted to reduce the
authorized common stock from 532 900
shares of no par value to 100000. The
$4,000 shares involved consisted Of
authorized stock in the treasury which
had been unissued. The fiscal year of
the corporation has been changed from
the calendar year to the year ending
July 81.
The following board Of directors was
elected: Jules S. Bache, J. Horace
Harding, Hugh Chalmers, Henry E..
Butler George c. Van Tuy, jr, Jo-
seph II. Clark and w. ?. kiser.
New-York tribune., 1918-02-07
Winchester Arms Company
Renews $8,OOO,OOO Notes

=, Arrangements have been made bv
the Winchester Repeating Arms Cory NY
pany pany to pay off one-half of it's s1s.oOn :
ooo two-year 5 per cent notes ,JGoi wh;oh
mature on March /. The rema;n;rn
so;,'VoV,ooo, 90 1t was learned yesterdav
will wia, De III renewed for one year at 7 ner
veH.; me new notes have been under
pll..en p oy group of New York and
nuhi;c hIH' smha" nankefs and will be offered for
992. g ie" DAYS at
undn ine dneune. present outstanding notes were
h'dv'wr'teen h"d', r. I IN 1916 by Kidder, Pea
auoyx, oOoy - 6 20. ihe company now has
half its March maturity. W meet
New-York tribune., 1918-02-07
New York
General du Pont Sued in Stock De;

NeHeId di uu IOHt oueu IN StOCk Deal.
General T. Coleman du Pont, powder
manufacturer and hotel owner. was
sued in the Supreme Court yesterday
for S343,000 for breach of an agree
ment in a transaction involving $40
shares of the Vulcan Steel Products
Company. Otto Katfka, the plaintiff.
alleged that General du Pont entered
into an agreement with him to buy $40
of the 1000 shares issued by the Vul-
can company, all of which were owned
by kaffka. The plaintiff sIy; he sod
the shares subject to certain condi-
tons, which General du Pont declined
to carry out.
Telephone Syndicate DissoIved.-The
syndicate which underwrote the $40
100000 of oneyear per cent notes
of the American Telephone & Tele
graph Company has been dissolved and
the checks have been mailed to the
participants by J. 2. Morgan & Co.
The profit to the underwriters is said
to have been in the neighborhood of
l per cent.
Bank Merger Approved.-The pro-
posed merger of the Bank of the Nc
tropolis with the Bank of the Manhat-
tan Company, at meetings of stock
holders of both institutions. Stock
holders of the latter bank held SEN
arate meeting to pass upon the cues
ton of increasing the capital stock from
S2,O5O,O0O to $2,50OO0O, and to vote
upon an increase in the number of di-
rectors from twelve to fourteen. Both
provisions were approved.
Argentina Develops Financial Ma
chincry-Sigmund Metz assistant man
aager of the foreign department Of the
Guaranty Trust Company, in an address
last night before the Finance Forum
OF the American Institute Of Banking
SAID that through arrangements with
the United States and Great Britain
for stabilizing exchange Argentina has
shown disposition to accommodate her
war. 8
THE Argentine is entering unon +.
new era of democracy and Justice and
her flnanciers are keenly alive to Tho
necessity of making the existing fnsn
cial machinery adequate to the develop
ment of their country's resources NJ,
Metz said :" l.
Plans are under way for the Gro.
ton OF special institutions to deal 80
the financing of specific branches 's'f of
economic activity. 1t is understood ~ -. :
the government is also consider;n-, '.ia 4L y
creation of Bank of the Rig. P.s ine
which, by providing proper discount fa ,
New-York tribune., 1918-02-07
Bank Stocks Strong

Announcement yesterday that an
offer of $305 share has been made
for the stock of the Market and Fulton
National Bank served to draw attea-
tion to the appreciation in bank and
trust company stock values since the
first of the year. This has been
brought about no doubt by the ex-
tremely favorable statenents of their
condition at the close of 1917. Stock
of the Guaranty Trust Company, which
about month ago was quoted at 2e5,
is now $40 bid. The price of National
City Bank stock in the same period has
jumped from 365 to 400.
New-York tribune., 1918-02-07
Swedish Railroads Place
Rail Orders in Cerms,,,

The Stockholm Aftonbladetn sto+o.
'"a' 'he directors of the Swedish State
railroads are negotiating with the
Stahlwerksverband a. G. in Germany
foi the delivery of $4,000 tons of rails
for price of s6,l64ooo. The cond;-
ticns of payment stipulate that ba1f nf
the amount be paid upon the signinc ~
the contract and the remainder to he
paid when the deliveries take nlacs e
which will be one third of the nrda,
during during each of the years 1918, 1919 and
New-York tribune., 1918-02-07
Local Committees on
Capital Issues in Eight
Districts Appointed
Many Proposed Offerings OF
Securities Submitted for
Approval

WASHINGTON, Feb. 6.-Committees
on local capital issues in eight Federal
Reserve districts have been appointed
and approved by the Federal Reserve
Board, it was announced to- day, and
the boards central committee is at
work on applications for approval of
proposed securities issues.
A few stock and bond issues have
been approved and number sent to
local committees for further investiga-
ton. Most of those given the central
committees approval were for funding
or refunding of debts, and involved no
plans for construction or extension of
industries.
Without expressing definite opinion
on some proposed issues, the Reserve
Boards committee has been able to
induce industries or cities to recon-
slider their plans. 1t was made known
to-day that no public announcement of
either approval or disapproval of is
sues will be made, in order to inter
fere with private financial plans as
little as possible
New-York tribune., 1918-02-07
News Digest
Foreign

London Buys Shipping Shares at
Rising Prices.-LONDON, Feb. g.
The stock market displayed good tone
to-day. with a fair business in invest
ment stocks, but the principal interest
was in mining and oil shares, which
were active and firm under broaden
ing demand. Shipping shares were
freely bought at rising prices, but for
eigners were quiet and Russians neg
lected
Money was plentiful owing to matur-
ing Treasury bills, which exceed the
weekly sales. Discount rates we're
quiet.
Paris Bourse.-PARIS, Feb. g.
Trading was quiet on the Bourse to-
day. Three per cent rentcs, 81 francs
so centimes for cash. Exchange on
London, q francs 1872 centimes. Five
per cent loan, 81 francs SIS centimes.
New-York tribune., 1918-02-07
Dollar in Foreign Exchange

Narrow fluctuations were the rule
in the foreign exchange market yes
terday. Rates on Paris yielded slight
ly on increased offerings. There was
no change in sterling.
Closing rates yesterday, compared
with week ago, are given in the table
below. American bankers have sus-
pended all dealings in German and Aus
trian exchange, SO that daily quotations
for either marks or kronen are no
longer available.
New-York tribune., 1918-02-07
Imports from Isle of Pines

There were 109,07 crates of citrous
fruits valued at $196,326 invoiced at the
American consular agency at Santa Fe,
Isle of Pines, Cuba, eor the United
States during 1917. Among the other
items with their value we're: Pineap-
pies, s3,372; peppers, s52,o32; eggplants,
S6,06S, and tomatoes, 1868.
New-York tribune., 1918-02-07
Listing of Stocks Dependent
On Reserve Boards Approval

The governing committee of the
Stock Exchange at meeting yeste rday
gave its Endorsement of the appoint
ment of a capital issues committee by
the Federal Reserve Board by adopting
a resolution requiring as condition of
new listings that they first be approved
by that committee,
New-York tribune., 1918-02-07
Current

The above rates express the cost of
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling at, saA $4.75,s. The intrinsic
parity is $4.S63s per pounds Thus you
say either that pounds are at discount
or that dollars are at premium, which
is owing to the fact that in England
the demand for dollars with which to
than the demand in this country for
pounds with which to settle accounts in
England
New-York tribune., 1918-02-07
Extra Dividends

Riordan Pulp and Paper Company
An extra dividend Of 1 per cent has
been declared, in addition to the reg
ular quarterly dividend of y per cent
on the common stock. both payable
February 10 to stock of record Febru-
ary II.
New-York tribune., 1918-02-07
Corporation Returns

keystone Telephone Co.-The company re.
ports gross earnings of 1888. .269 for the
year ended December 81, compared with
$1,470,143 for a year ago. Net after taxes
was s747,449. compared with s72s.323 for
last year. Surplus after charges was sA2..
17S. compared with s399,82 for the previous
New-York tribune., 1918-02-07
Mailing Plants to Close

While officials of the American Malt
ing Company denied yesterday reports
that the corporation would liquldate,
interests close to the management ad-
mitted that such move might be
made before long. Several of the COM
pany's plants will be closed down this
month, and it is doubtful whether they
will be started up again. At the pres
ont time the company has approx
mately 100000 bushels of malt and
barley which has been sold for future
delivery. This will probably all be de-
livered by next summer, and the trans
action is expected to net the company
about $5,00O,000 cash. In the event
that the directors do decide to liqul-
date, it is understood that the various
plants would either be sold or rented
to the brewers. Any plan for l.quidat-
ing the company would provide for TAX
ing care of the back dividends on the
preferred stock, it is said. The pre-
ferred stock advanced again yesterday,
rising to 587b. Not all the advance
was held, however, for the quotation
subsequently fell back to 56a, where
it showed net gain of Il Of point.
The Offering of $20,000,000 Of reve-
nue. bills by New York City to-day is
expected to bring out at least one syn
dicate bid. Of the bills to be sold,
$10,0OO,O0O mature May 10 and 10000
900 May 20. Two weeks ago an issue
of S5.O00,00O of bills was sold on an
average interest basis of 452 per cent.
New-York tribune., 1918-02-07
porphyry Copper Output Falls

Unfavorable weather conditions in
terfered seriously with operations of
the porphyry copper companies in jan
uary. causing combined output to fall
to 35,161 ,244 pounds, the lowest since
March. 1917. This figure, however, was
1,423,801 pounds ahead of the COM
bined production of these companies in
January, 1917. The Utah Copper Com
pany produced only 13,5o0,O00 pounds
of copper last month, which was
smaller than any month in 1917, with
the exception of February. Chino's out
put was 503,878 pounds under the De
cen,ber total, but substantially ahead
of the figures reported year ago. Jan
uary output of the Ray Consolidated
ran 10000 pounds better than Decem-
Der and 131, $40 pounds ahead of year
New-York tribune., 1918-02-07
Minneapolis & st. Louis
Federal Light & Traction
American Wringer Company.-T

American Wringer Company.-The
company's annual report for 1917 shows
gross earnings of s263,936, compared
with s262.085 for last year. The surplus
after dividends and other expenes was
$4,000, compared with $4,000 For the
previous year. Total surplus was $780,.
900, compared with S165,000 a year ag&
New-York tribune., 1918-02-07

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., 1918-02-07
Days

discount for each Of the twelve Fed
eral districts arc as follows.
New-York tribune., 1918-02-07

Outside interest in the stock mar
ket Jagged perceptibly yesterday, but
the professional traders gave an
other exhibition of their control over
the movements of certain of the in
dustrial specialties. The perform
ance of the so-called pool issues was
all the more striking because of the
increasing irregularity in the price
range of the standard railroad and
industrial shares. The latter gener-
ally lost ground, with United States
Steel common, the leader on last
weeks strong upward movement,
falling back nearly a point. The
failure of the representative invest
ment and speculative issues to hold
higher course, however, did not pre-
vent a sharp rise in a number of the
specialties. Shipping stocks were
strong as a group under the leader
ship of International Mercantile
Marine preferred and Atlantic, Gulf
& West Indies, the former moving
up 31a points and the latter ~. In
quiry made among Wall Street COM
mission houses developed the fact
that public participation in the mar
ket continues at low ebb.
In Stock Exchange circles there is
a disposition to attach more impor-
tance to the unfavorable state of the
country's industrial machine, which
is steadily slowing down despite the
efforts of the various governmental
bodies to speed up production. 1t is
now generally recognized in the
financial district that the current
quarter in point of earnings will be
the poorest for many of the large in
dustrial corporations in great
many months. This was mentioned
yesterday as an unfavorable inf1u-
ence on stock market prices. The
iron and steel trade summaries for
January indicate how seriously the
railroad congestion and fuel short
age have hampered operations in that
basic industry. The January output
of pig iron was shown to have been
the smallest since the spring of 1915,
while estimates for the current
month to date indicate even worse
showing. The pig iron situation is
said to be also extremely unsatisfac-
tory, from the financial point of
view. Many bills are falling due be-
fore the iron has been delivered,
owing to the enforced delay in trans
portation, and consumers have
naturally in such cases refused to
make remittance. Under such cir
cumstances producers Of pig iron or
their agents find themselves in a
position where they must carry the
obligations of their customers. This
is one Of the many ramifcations of
the general dislocation of industry
through the breakdown of the coun-
try's transportation system.
The food administration seeks to
|
New-York tribune., 1918-02-07
Significant Relations
Money and Prices:

Money and Prices:
Stock OF money gold the country $3o43sa43 s286a41o
Nearest pcod
of
ills discount 1au u~t
sssssssooo s7o7s1sooo s 80
900
Total gold reserve 7770220o0
Average price OF 10 railroad stocks 9!oO 9211 1104
IL industrial
numb tes " .""' ss4s The 3 2sss7 :a A' s15s
2s27 A'iis 1855
Production:
Untitled u s. Steel ORDERS o"s sssis sss7ce 11s 1s47:ss
Pig iron daily averaged tons s2ss 1oS'sss Aisss ioss3sss
~he Tn Zero Crop bushels $4,000 ssssisoo
OATS crop bushe, ''''''''.' eos4s4oo 2566,e27ooo
C"ton p o ' hs ''''''''''.' loosooVo 251.S37o0o
- ~ ''''''' oS4S"oo 11,449e30
Distribution: decrease from LAST ~
Tn5? %1wF week f last sI-I ssn 10
N7ras.
oos' rahroao earnings. 420o
Hsssse decrease lat-ye.
Rank clearnps
General:
Act cott6 %
(Dun's) ~ ''|S4os5
u.'u.. 1,178 year
'God held by Reserve against circulation n :.
iund beginning June 23 1917 comparn
New-York tribune., 1918-02-07

Total. .$4, ,966, ,878,6o4 $4,4es, ,06o,871
Per capita circulation on February
was $47.23, compared with $3.50
year ago, $3S.67 in 1916 and S34.71 in
1913.
New-York tribune., 1918-02-07

Silver.-Bars in London, Add; down
Ad. New York, S6Bc; decline of
nc. Mexican dollars, 6SAc; decline
OF &c.
Sub-Treasury.-New York banks
gained from the Sub-Trcasury $4,000.
Money in Circulation.-WASH
TON. Feb. 6.--Moncy in circulation in
the United States on February COM
pared with q wear AGO as follows:
New-York tribune., 1918-02-07

Bank Clearings.-The days bank
clearings at New York and other
cities were:
Exchanges. Balances.
New York. -. $624,275,702 $49,402, ,696
Baltimore 6.303,352 1,117,1o6
Boston ....... 39.668,722 5.628,096
Philadelphia 41,e62,463 4,352,6oe
New-York tribune., 1918-02-07

The food administration seeks to
eliminate speculation in green coffee
by prohibiting dealings above 81
cents pound for Type No. z on
spot months. The practical effect Of
this is to add coffee to the lengthen-
ing list of commodities prices for
which have been fixed. There are
still other important food products
and basic raw materials which un-
doubtedly will be added to the list as
time goes on and it becomes neces-
sary to check prohteering. Perhaps
the administration may yet see the
expediency of doing something to
prevent any further giddy flights in
the price of cotton, and also put an
end to the steady marking up of quo
tations for cotton goods.
New-York tribune., 1918-02-07

The latest foreign trade figures
covering the complete year of 1917
are interesting, but the statistical
increase of $749,823,00O in the total
of our exports is not as favorable as
might be inferred, for the reason
that it represents greater value for
the goods shipped abroad, due to the
rise in commodity prices rather than
any marked increase in the quantity
of goods exported. The total exports
for the twelve months aggregated a
value of $6,231 ,243,O0O, against s5,-
481 100000 in 1916. Our imports
for the same period were $685.
ACT, 900, an increase over 1916 of
$560,816,000. December exports ag-
gregated value Of $593,863, 900, an
increase of about Is per cent over the
corresponding month Of 1916.
Daily capital journal. (Salem, Oregon) 1903-1919, 1918-01-22
Many Delegates Have Not Yet
Arrived in PetrOgrad Is
Latest Report
TROTSKY WILL APPEAL
TO ALL ALLIED NATIONS
Murder of Former Ministers
Is Officially Explained As
Work of Fanatics
BY Joseph shaplen
Omitted Press Staff Correspondent

Omitted Press Staff Correspondent
Petrograd, Jan. 22.-The all Russian
convention of workmen and soldiers so.
viets, which is presumably to form the
future government of Russia, now that
the constituent assembly is dissolved,
was delayed in its meeting today. Not
all delegates have arrived and until the
complete membership is here the sit
uation will mark time.
Foreign Minister Trotsky and other
members of the Russian peace delega-
tlon weresexpected back this week from
Brest-Litovsk. 1t was asserted TODAY
that Trotsky would address another aps
peal to the allies outlining the progress
made at Brest-Litovsk and urging them
again to join in general peace negotia-
tions.
The murder of Former Ministers Ko-
kOshEin and Shingareff was officially
announced today as the work of Bolshe
wiki fanatics who were stirred to a
frenzy by appeals of number of mem
bers of the Baltic fleet, just arrived
that they take the fate of those oppos
ing them into their own hands.
Daily capital journal. (Salem, Oregon) 1903-1919, 1918-01-22
Chinese Killed Sailor
On U. 5. GunbOat

Washington, Jan. 22.-Firing by Chi
nese on the United States gunboat Mo,
nocacy which resulted in killing one
American sailor and badly wounding
two others, was made the subject of
protest to the Chinese government to-
Gay by American Minister Reinsch.
The attack on the American vessel
took place, according to official advices
today on the Yangtse river, fifty miles
above Yochow. 1t is believed revolu-
tionary forces were responsible and the
Chinese government will be called upon
to run down and punish the offenders.
The navy also received a report on the
incident in the following message:
"0n January IL, the U. S. Gunboat
while cruising about fifty
miles above Yochow, on the Yangtse
river, was fired on by entrenehed Chi
nese and was hit a number of times.
H. L. o O'Brien, chief yeoman, was ia
tally injured, and W. N. Donnelly, sea
man, slightly wounded. The fire was
by the Monocacy and settled.
sit is believed the Chinese were ban
dts or revolutionists.
In some quarters it was thought, how
sveg. that the Ghanese may have believ-
ed they were firing on japanese boat.
Daily capital journal. (Salem, Oregon) 1903-1919, 1918-01-22
Washington Soldier
Killed In Battle;
Pershing'S Death List

Washington, Jan. 22.-Corporal Wal.
ter Roberts was killed in infantry ae-
ton on the French front Sunday, Gen.
eral Pershing cabled the war depart
ment today.
The cabled report did not state where
the action occurred or how extensive
it was. It is assumed to have been one
of the patrol conflicts American for
ees training in the front line trenches
are having frequently with the Germans
Roberts mother is Mrs. Kate Roberts,
Hartline, Wash.
Eight deaths from natural causes were
also reported by Pershing.
Corporal Frank L. Coffman, Freeport
Pa, was killed in railroad accident.
The other deaths follow:
Private David NJ. Wooridge, Corning,
Cal.
Corporal Fps Jones, Indianola, Miss.
Private John Wesmer, LeMars, Iowa
Private Russell R. Owens, of Ray
mond, Wash.
Private Floyd DeBOlt, of Adrian,
Wash.
Private Archie A. Randall, CAROLS,
Wash.
Corporal Ernest L. Neyman, West
Point, Miss.
Private Howard L. Botkin, Nampa,
Idaho.
Daily capital journal. (Salem, Oregon) 1903-1919, 1918-01-22
By Joseph s4laplen

Omitted Press staff correspondent
Copyright, 1918, by the United Press)
Petrograd, Jan. %. - New Russia
wants recognition from the peoples of
the world more than the governments
of the world She looks forward hope
fully to a world proletariat which will
combine to stop wars slaughter and
eradicate all causes for future war.
The Bolsheviki ministry of foreign
affairs thus outlined Russia IS view
point in a special statement for the
United Press today, signed by Under
Foreign Minister Salkind in the alb
sence from Petrograd of Foreign Min
lister Trotsky.
"The Russian people hitherto in all
ages have been ruled from above" he
declared "Now they rule themselves
They will stand and fight against all
foes wherever found, with full pride
in the consequences of having contrib
uted an immortal page to the history
of mankind.
The government of the soviet of
the people 8 commissaries, which is a
government of workers, the peasants
and the soldiers, 'is net concerned
with obtaining official recognition
from foreign powers" the foreign of
flee statement to the United Press as
Daily capital journal. (Salem, Oregon) 1903-1919, 1918-01-22
NOT SEEKING RECOGNITION
or GOVERNMENTS BUT or
DEMOCRACIES or WORLD

Iserted. FThe republic of the United
Soviets appeals primarily not to gov
Iernments, but to the peoples of the
world whom it seeks to unite with the
purpose of ending the world slaughter
and eradicating the causes of war,
namely, imperialism and ambition
which in one form or another animate
all governments as at present consti-
tuted.
"Any recognition which foreign gov
ernments bestow upon the present Rus
sian government will be welcome, prin
cipally as testimony of the power, the
frankness, the undisguised purposes Of
the Russian revolution. We are not con
cerned in old diplomatic usages. Ours
is a first-time history government
government of the exploited and op-
pressed.
"We can hope to succeed, 1ot in
proportion as we are recognized by
the foreign offices of other countries,
but in proportion as we receive the
active support of the proletariat of the
democracies of the world.
eff any governments willingly rec
ognize the historical importance and
the grandeur of a republic being born
in the midst of the ruins of an ex-
ternal and civil war, the peoples Of
Russia will be glad to receive that
recognition.