davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-02-14
Currency Shortage Relieved

Slackening of activity in many lines
of business, plus steady addition to
the volume in circulation, has tended
to relieve the shortage of one and two
dollar bills which around Christmas
time hampered trade. Of late the large
banks of the city have so increased
their supply of the small denomination
bills as to be able to turn in several
hundred thousand dollars worth in ex-
change for $50 and $1OO bills. This
has helped to ease up the pressure at
the local Sub-Treasury, on which there
has been heavy drain for zones" and
"twos" for several months.
New-York tribune., 1918-02-14
Dollar in Foreign Exchange

An Increase n The offerings of Ital-
ian lire bills caused decline in the
rate yesterday to 1858 for checks. The
rest of the foreign exchange market
was dull, with no important change in
rates.
Closing rates yesterday, compared
with week ago, are given in the table
below American bankers have sus
pended all dealings in German and Aus.
trlan exchange, so that daily quotations
tor either marks or kronen are no
longer available.
Aol I.n
New-York tribune., 1918-02-14
WILLIAM CRAMP s. SONS SHIP Ann
ENGINE BITJD[NC CO

SINKING FUND NOTICE.
FIDELITY TRUST COMPANY Cformerl,
The Fidelity Insurance, Trust and San
Deposit Company. Trustee under Mortgag,
of the William Cramp * Sons Ship and En-.
gine Building Company dated March /.
1899, invites tenders or proposals for bond
Issued under said Mortgage TO be sur.
rendered for redemption: proposals to b.
opened and awards made on February Ii.
1918, at u o'clock NJ.
FIDELITY TRUST COMPANY. Tr,,s,ss
325-331 Chestnut St, Philadelphia
WM. 2. GEST President
January oS. 1913
New-York tribune., 1918-02-14
Corporation Returns

Ienerai Cigar Company.-The com.
pany reports gross earnings for the
year ended December 81 of S4.520
compared with S4,553,6 ,656 for 1916
Total income amounted to s1,61O.36O
against s1,491,298 for the previous
year. Dividends were s1,O74,16O. the
same as year ago. Surplus was S267
o61, compared with S239. .7O5 for 1e1s
Chicago Consolidated Brewing and
Mating Company.-The annual re.
port tor the year ended September 90
shows profits OF $446,927. comnared
with S479,638 for 1916. Total income "a
amounted to $460,2O3, compared with
$4oo,307 for year ago. General er'
penses were $392,83 compared With
$437,321 for the previous year. Net
proilts amounted to $67367, compared
with $49,666 for 1916.
bonner Steel Company.-Net earn
lngs TOR 1917, $2,631,7O5. comnared
WIN Sl,lo6,O58 in 1916. The surplus
a1ter interest and dividend deductions .
was S1,o6O,4o3, against S547,463 the
General Railway Signal Comn.nv
Neo ~, oo. earnings IN 1917 aggregated
ssd,oo69o4: compared with 1854 $50 in
1915. Allowing for dividends on ~ the m
preferred stock, the balance of earn
'ngs available for the $3,OOO,O0O com.
mon stock was equal to s2O.39 a
snare against S4.26 share in 1915.
pittsburgh Steel Company.-For the
slN TX months ended December 81 last
ICON cnn conlpanys sales were s20,862,315
profits were s3,256.206 AGAINST 5' s5 oo7 tSe'
III .the year before. The con,na vu,oa1
allowed S2,l28,122 for war taxes
New-York tribune., 1918-02-14

Relevant Comment
Capital Issues Committee Busy

The local committee appointed by the
Federal Reserve Board to assist the
capital issues committee in passing
upon new financing by corporations,
states and municipalities has received
applications for issues amounting to
between $5O,0o0,00O and 100000, 900, it
was stated at the Federal Reserve
Bank of New York yesterday. The ap-
plications to date are all from public
utility companies.
The members of the local commit
tee include Frederick Strauss, of ]. e.
W. Seligman g. Co.; Charles A. Stone,
president of the American Intcrna-
tional Corporation, and John R. Nor
ron, president of the Atlas Portland
Cement Company. Affiliated with this
committee is another group of bank
ers and corporation officials and di-
rectors. who will act in an advisory
capacity.
The main committee has already ap-
proved four of the applications sub
mitted to it by the central organiza-
tion at Washington. Three or four
applications are still pending.
New-York tribune., 1918-02-14
Elections

). N. Conyngham has been elected
director of the National Biscuit Com
pany, succeeding F. w. Waller. re-
signed. H. J. Horne has been elected
fuel agent for the American Wooleu
COMPANY,
New-York tribune., 1918-02-14
Telephone.
Hanover W14

l-32 per cent; three-month bills,
1-16 per cent. Gold premiums at
Lisbon, 1000.
Sub-Treasury.-The banks gained
$4,159,595 from the ub-Treasury yes
terday.
Silver.-Bars in London were quoted
at 42A d, decline of I'D; New York,
$3.50, down &c; Mexican dollars, 6S
cents. unchanged.
Commercial Paper.-This market was
firm yesterday, with the best regular
maturities quoted at 51a to per cent
Discount Rates.-Official rates of
discount for each Of the twelve Fed
eral districts arc as follows.
New-York tribune., 1918-02-14
Finance CO. Economics
WALL STREET. OFFICE,
Mills Building. 15 Broad st.

Though the planting season is
still some weeks ahead, it is already
apparent that 1918 crop production
may fall considerably short of re-
quirements. There is a serious pos
sibility that we shall, year hence,
experience something approaching a
real famine. It was doubtless reali-
zation Of this situation that prompt
ed the introduction in Congress
yesterday Of two bills to amend the
food control act by increasing the
price for wheat guaranteed under
that measure. 1t will be recalled
that the act stipulated that the
minimum price for the 1918 wheat
crop should be 50 a bushel. Now
one Senator wants to increase the
price to $3.50 and another to $2.75
bushel in order to insure adequate
production. An increase in the
minimum might produce this result,
but it is by no means certain that
it would.
The problem is, fundamentally,
one of labor supply. It is not
exaggeration to say that the short
age of farm labor is alarming. This
shortage was produced in two ways.
There has been a great rush of
labor to the industrial centres,
where competition for workers has
forced wage rates up to fantastic
levels, and the drift is still from
the farm to the factory. On top
Of this, thousands Of experienced
farmhands have enlisted, and others
who might otherwise have been
available to take their places have
necessarily been taken in the draft.
New-York tribune., 1918-02-14

The above rates express the cost Of
foreign money in terms of the Ameri-
can dollar: You buy an English pound
sterling at, say, $4.75I5. The intrinsic
parity is $4.S6as per pound. 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
settle accounts in this country is greater
than the demand in this countrv for
pounds with which to settle accounts in
England, III
New-York tribune., 1918-02-14
Russian Currency in Demand.

Advices from Petrcgrad that Russia
has formally withdrawn from the war
brought no response in the market for
Russian exchange. Rates for rubles
remained unchanged at 13 to 13 Id
cents, and only small amount of busi-
ness was transacted. Brokers, how
ever, reported a substantial volume of
activity in Russian currency. Bankers
here have been buying the Russian
paper money in China and Japan at Z
and cents to the ruble, and selling
the notes here at considerable profit
to people who are willing to gamble on
an appreciation in the value of the
paper. One broker quoted a price of
3 Ia cents per ruble for the Russian
currency, for delivery in six to eight
weeks, or ten cents per ruble for i'm
mediate delivery. 1t is reported that
the English government has instructed
its bankers to refuse to. finance pur-
chases of the Russian government
notes in the Far East
New-York tribune., 1918-02-14

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., 1918-02-14
Sugar Loan Progressing

New York bankers and -efners have
subscribed $60,Oo0,oo0 to the Cuban
sugar loan, it was stated yesterday at
the Office Of the International Sugar
Committee.
Boston, Chicago, Philadelphia and
New Orleans interests are expected to
contribute within a short time enough
to make up the full 100000 900 loan
being sought by the Cuban sugar
growers
New-York tribune., 1918-02-14

London Money Market.-LONDON
Feb. 13.-Russian exchange dea,;ncs
have ceased, but transactions occur
ring in ruble notes show heavy de-
probation.
Money was in good demand at az
per cent.
Discount rates steady. Short bills.
New-York tribune., 1918-02-14
Extra Dividends

Pittsburgh Brewing Company.-An
extra dividend of 1a per cent on the
preferred stock has been declared in
addition to the regular quarterly divl-
dend of y per cent, payable February
Is to the stock of record February IL.
Cerro de Pasco Copper Company
The company has declared an extra
dividend of 25 cents a share IN
addition to the regular quarterly
dividend OF 81 a share, both payable
March l to stock of record February
%.
Ohio Oil Company.-An extra dvi'
dend of $4.75 share has been de-
clared, in addition to the regular
quarterly dividend of sl.25, both pay
able March 20 to stock of record FED
ruary 10.
New-York tribune., 1918-02-14
Money and Credit

On the resumption Of activity in the
call money market yesterday rates dis
played pronounced frmness, with prac-
tically all loans being placed on per
cent basis, compared with Az per cent
at the close last Friday. Banks were
less liberal with their offerings and
there was some calling of loans.
Banks were reluctant to put out
money for fixed periods, and rates held
firm at per cent bid for all maturities
on Industrial securities as collateral.
Loans on mixture Of railway and in
dustrial securities were UNCHANGED. at
5& to per cent.
Ruling rates for money yesterday.
compared with year ago. were as fol-
lows:
Yesterday. Year ago.
Call money. so 2L,%
Ilme money (mixed collateraD:
Sixty days. 534eo 4@4Ls%
Ninety days. 5s4eo 4@4Ia
-Four months. 5a4@6% 4@4E%
Five to six months 5a4@6% 4@4I21o
New-York tribune., 1918-02-14

1t is to be doubted whether the
farmer could bid enough for labor
even with the price of wheat at
$2.75 and other products in proper
ton, to turn the tide of labor back
to the farm. What is more likely is
that as the competition for labor
increased, industry would bid stil
higher prices for it-prices high
enough to keep it. If that should
be the case, the net result would be
an increase in commodity prices,
with no increase in the output
either Of manufactured goods or
agricultural products. Moreover,
If there should be a great and un-
controlled movement Of labor from
factory to farm. a condition quite
as serious as that now confronting
farmers would be produced in other
fields. It is evident that since there
is not enough labor to keep produc-
ton in all lines up to the presen,
level, redistribution is inevitable.
Drastic measures may be necessary
to bring it about.
New-York tribune., 1918-02-14

Liberty a per cent bonds yester-
day sold at 94.7O, a new low record.
At that price they yield more than
a a per cent, and that would appear
to make the issuance of the forth
coming loan on Az per cent
basis an extremely difficult opera
ton. 1t, therefore, seems probable
that the rate will have to be fixed
at h per cent, which is the one
most bankers favor If the Secre
tary of the Treasury should decide
that AZ is the proper rate, the out
standing loan might rally sharply,
since it carries the privilege of con-
version into the next issue at par.
The fact that the bonds are selling
on such high yield basis may, un-
fortunately, restrict the distribution
of the $3,000,000,000 of Treasury
certificates of Indebtedness to be is
sued in anticipation of the next loan.
These certificates, like the outstand-
ing bonds, can be converted at par,
but they bear only 4 per cent in
terest. The investor who contem-
plates the purchase Of a converti-
BILE security, therefore, may prefer
to put his funds into Liberty 4s
rather than the certificates, since he
can realize better return in that
way.
Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1918-06-21
SPRUCE RAILROAD is
PUSHED SOUTHWEST
FROM YsQUNIA BAY

That the government survey
ors working on the railroad pro-
jact south of Waldport have
reached a point near Heceta
Head lighthouse on the coast Of
Lane county and are running a
line down the coast, presumably
to the Siuslaw and possibly
further south, was tn = informa-
Ition given out by John wBerg-
man, the. Florence banker, in
Eugene yesterday.
Mr.. Bergman says tha t 25
teams left Cuchman, on the
Coos Bay branch of the South
arn Pacific, few days ago for
the scene of operations in the
northwestern part of Lane
county.
The government is now con-
structing the road in a southerly
direction from Yaqunia bay to-
ward the Waldport country, and
1t is believed that 1t will be
pushed on down the coast into
other spruce districts.
Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1918-06-21
FIEGLES CREEK

County Assessor Schwartz
was sizing us up last week.
Will Kessi went to Toledo last
week.
Frank Mulvany has leased the
NJ. e. Walker stock ranch, which
includes the c. F. Lindley home
stead, for three years.
Mrs. Kessi and Miss Rush en-
tertained at Sunday dinner in
honor of Mr.. and Mrs. Will Rush
and family.
A gentleman from Montana
was looking over the Chas,
Boies Homestead from a busi-
ness standpoint. accompanied
by Corvallis real estate men.
Frank Mulvany was shearing
sheep for |. r. Payne this week.
A gentle rain Thursday night
is helpful to our tardy gardens.
Figures won't lie," was
proven the Sth as the eclipse OF
the sun was pulled of per schad
ule. OF course it was not total
but 1t made a fair stagger in that
direction. One could see that
great things were taking place.
Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1918-06-21
cHlTWooD

George Reid returned to Port
land a few days ago, after at
tending his mothers funeral
here. 'ttf
Mrs. Titus Kurtichanov had
the misfortune to get her arm
broke one day last week. Her
daughter, Mrs. Phillips, of
Silverton, is helping to take care
of her. ""'''-'"
Mrs. Emma Wood left kere
Wednesday morning to visit
some of. her relatives l-ar Al
bany. - ".a .. .H ..
| G. l.. Lands came in from
Portland Saturday. '..
Emma and J." ! Wilson came
down from the jungles Saturday
returning Sua ..y.
James Slyh and Dudley Hen
ry are working for G. T. Smith.
Card of Thanks-Mrs. Chas.
Satter wishes to thank all of the
neighbors and friends for their
kindness during the sickness
and death of her mother, Mrs.
Thos. Reid.
Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1918-06-21
BAYvIEW

Bert Twombly was taken
seriously i'll last Thursday night
but is reported better.
Mr.. and Mrs. Geo. Stephens
were visitors at the d. M. Hend-
erickson ranch last Sunday.
Mr.. and Mrs. Anderson from
Utah, visited several days at tn Z
X. Hendrickson home last week.
Mr.. Olson of Linville passed
through Bayview last Sunday.
Conrad Thompson was cal
ler at the Oakland ranch last
Tuesday.
At the school meeting last
Monday the following officers
were elected for this district:
Mrs. Geo. Stephens clerk, and
Dan Hendrickson director.
They are progressing nicely
with the new railroad. They are
making a 40 foot cut next TO the
bay and are about ready to drive
Ipiing across Oakland's meadow
Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1918-06-21
MILLER CAMPS TO
j. TO RESUME LOGGING

The ]. B. Miller Logging
Camps expect to begin putting
in logs again tomorrow, after a
shut down of about a month
while the track was being ex-
tended farther into the timber.
The extension consisted of 1900
feet OF standard guage road.
The construction work was quite
heavy as several large cuts and
fills had to be made, and one
long, high trestle built. The road
is steadily climbing, and will
soon drop over the summit and
down into the Siletz valley. The
end of the road is now within
about two miles and a half of
the Siletz Agency.
The new road will be given its
first tryout tomorrow, and Mon
day everything will be in full
swing. They are now logging in
some excellent timber, mostly
fir, and Mr.. Miller says he can
put out twenty car loads q day.
Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1918-06-21

came to where the: boys w9re
putting in a bridge over Horse
Creek and had to unhitch his
team and put them across the
canyon. The road crew then
helped him put the wagon &C
cross on the bridge stringers.
Mr.. Henshaw volunteered the
boys a days help on the road
and Mrs. Henshaw visited with
Mrs. S. J. Stewart during the
day.
| A bunch of Harlan bear hunt
ers namely Lester, E. R. and
Leonard Grant came over and
put in one faithful day helping
us hunt a bear. But the bear
must have had a telepathic mes
sage. Any how, none of us got
a swat ut him. "'..'..' '..t. ' .
t. Several of us went down on
Big Elk to the Scarth sale We'd
nesday. a's.&9.'> 80. =
w. R. Moore made a trip to
Toledo this week. q 90
! CIV. Brown, ]. w. Davenport
and Dad Moore are hauling their
mohair. ''', 90 > go :
Mrs. Emma Applet of Salado
smiled ON us all during~'the
week. ..
Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1918-06-21
PROCLAMATION

The President Of the United
States has called on the people
of the nation to indicate. their
self denial by pledging them
selves on June 2Sth to purchase
War Saving Stamps for the re-
mainder of the year. ..
In order that the citizens Of
this city may not fall behind
other communities in responding
to the call, | hereby proclaim
Friday, June 2Sth, as War Saw
ings Day for the City Of Toledo,
upon which day all persons shall
give their pledges for the War
Savings Stamps, at such time
and places and in such manner
Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1918-06-21
ONA

The Helping Hand Club met
at the home Of Mrs. John Gull
liams on South Bever Saturday
afternoon, June Is. Eight mem
bers were present and one visit
or, Mrs. Reisinger, of Newport.
1t was decided by the meE .bers
present to send the constitution
and bylaws OF he club to tie
State Federation Of Women's
Clubs. A very pleasant after
noon was enjoyed by ali. .'
Mrs. Hester Coovert called at
the Rhoades nome on Upper
Beaver Wednesday Afternoon.
! MIS-. Faye Wolfersrerger,
Free Commons, and Mrs. Harry
Goldworthy attended the dance
at Newport Saturday night.
Mr.. and Mrs. FranH l!Cnt-
sucker and Private Blaisdell Of
3ay View and Miss Meta and
Helen Phelps attended the pro-
gram and picnic at Fool Slough
Sunday.
Mr.. and Mrs. Chauncy Oh
mart and sons and r. w. ON
mart were guests at the Woods
home Sunday.
Mrs. Harry Goldworthy re-
turned to her home in Portland
Sunday afer a very short visit
at the home Of her uncle, l.. NJ.
Commons.
The regular annual school
meeting was held Monday, June
~. S. A. Holmgreen was re-
elected clerk and A. H. Phelps
reelected director.
Miss Belle Schr eder of Oys-
tar City visited at the Commons
,hcme the first of the week.
George Bunnel from Canada
visited his brother c. S. Bunnel
IA few days last week.
Grandma Guilliams has been
vry sick the past few days.
J. r. Coovert, A. w. Weber.
&C. S. Bunnel, and c. r. Phelps
were 'rading in Newport Wid-
nesday. 80 .ai. ..'' s.
Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1918-06-21
.-W.S.S.-
ELK CITY

Things are booming in Elk
City. The Hawkins mill is work
ing full time, the logging and
piling camps are working every
available mann. '~-t.- .',
Elk City can boast of being a
shipyard. Capt. Norton has a
big scow under construction, the
dimensions are 20 by 60 by Az
feet, which he says will be used
to haul wood and lumber to
Newport. He expects to have it
in the water in about a week.
Ed. Taylor and Earl Lang are
doing the work.
Mrs. Earl Lang and Mrs. H. A
Norton left Tuesday for Port.
land, to visit Mrs. Norton'S
youngest brother who is station.
ed at Camp Lewis.
Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1918-06-21
IS MORE REGISTER
.t, g. IN THIS COUNTY

The following is a list of those
who nave became u years OF
age since June 5th, 1917, and
who were registered on the 5th
of this month. 1t is expected
that these men will soon be ex-
amined and classified by the To-
cal board.
Those registering are as fol-
lows:
Henry John Stocker, Newport.
William Aaron Kessi. Harlan.
John Wesley Davenport. Toledo.
Walter Leon Devaney, Newport.
Basil Lutey, Toledo.
Eugene Howard Emerson, Winant.
Bruno Rydzeski, Taft.
Leroy Phillips, Ona.
Rowland Robert Rowland, South
Beach.
Pete Peterson, Toledo. T.
Roy Shelley, Tidewater.
Alvin Cook, Chitwood.
William Thomas Burton, Otis.
Dewey Earl Gibson, Silverton.
Joseph Henry Johnson, Waldport.
Thomas Earl Weltin, Eddyville.
Anlrew Jarvis George, Spokane Wn.
Alexander julie Thompson. Toledo.
Levi w. Hunt, Eddyyille.
Stanley Ross Anderson, Toledo.
Owen Rudolph Buse, Newport.
julius Leland Wakefield, Eddyville.
Antoine Wisniewski, Taft.
Elwood A. Towner, Siletz.
Fred Linden McCaulou, Toledo.
Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1918-06-21
GLEN

This Las been At Home week
for Glen. The Brown family
were visited by Mr.. and Mrs.
Ira st. John and daughters of
Shedd Oregon.
Mrs. AL Martin and children
OF Toledo and Mr.. and Mrs.
John Davenport and twin babies
pre at the J. w. Davenport
place.
Mrs. Perl Williams and little
folks are at the VIM. Sharp
home and Mr.. and Mrs. AL
Felch are entertaining Their
daughter and Mrs. England OF
Newberg.
Miss Edith Davenport Louis
and Jessie Brown attended
Harlan Grange Saturday.
VIM. Simpson Dorsie Roches.
ter George Lang and a gentle.
man whose name we did not
learn motored out to the Moore
ranch Thursday.
Mr.. and Mrs. Jesse Davenport
Mrs. Ella Brown, Louis Jessie
and Miss Lettie Brown ant
Miss Edith Davenport attended
the dance at Harlan Friday
night and report a good time.
The j. r. Watkins man made
the first trip over the new Horse
Creek road Wednesday coming
over from the Beaver Greek
country.
Mr.. Henshaw formerly O
resident Of this place years age
Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1918-06-21
SEVERAL AUTO ACCIDENTS

There were several auto ac-
cidents recorded in this county
the first of the week, several of
which might have resulted much
more seriously than they did.
Wheeler Cline went over a
grade near Eddyville Sunday and
turned his car upside down. His
own little boy and another boy,
Curt Wheeler, wers riding in the
car, and all escaped injury.
Orrin Lyday of Kings Var,
,capsized while speeding on the
beach. Several were in the car
but all escaped injury, though
the car was pretty badly wreck
ed. ......' .. .... ,
! Walter Cline INST with an acci-
dent Sunday, while driving near
Tum Tum. He sustained a bro
ken wrist and it is reported that
the car is a complrte wreck.
Chris Larsen, of Siletz was
run into Sunday, while driving
on the Pioneer Mt. road. Nj.
Larson's car was quite badly
jammed, as was also the other
car, which was driven by Valley
parties.
! Seth Rowe ran out of the road
and upset while going to New
port Tuesday. TIL accident hap
Ipened near the II. II. Williams
place. Mr.. Rowe was accom-
panied by his family, and FORUM
ately no one was hurt