davidaulloa/AmericanStories huggingface dataset:
The sun., 1918-08-16
Wolf of Wall street Back.

The temperance OF the Wolf of Wall
street In some Of his old haunts in the
financial section after an enforced alb
sence OF many months was accepted as
favorable omen by the more supersti-
tiously inclined. for the traditional en-.
envy or both bulls and bears has in the
past been the instrument OF powerful
market forces. And from the VOLTS af
fluent appearance. his Punishment from
tne FERTILE Held hereabout did not re-
riously weaken his financial resources.
for he was seen travelling in a luxuri-
Gus motor car. and apparently he was
thoroughly satisfied with the trend of
events. II was gossiped in certain cir
cles that the Wolf was connected WITH
the recent fluctuations in st. Paul.
though 1t could not be learned for whom
ne was operating. In the heydey Of his
popularity In the Street the Wolf was
frequently used by a wealthy manipula-
tor as his stock market representative,
The sun., 1918-08-16
UTILITY OWNERS TO
FIGHT FOR RAISE
Contest Is to Be Made %,
Higher Rates in Major
ity Of States.

A nation wide organization com,o,,s
Of more than one hundred representatlv.
public utility managers has been FORMED
by the National Public Utilities Gov,
mittee to keep the authorities at Wash
hgton informed relative to the enor,.
being made by the public service corno.
rations for relief through Increased ra,o,
for their services.
Members OF the National Public rem
ties Committee are also members Of the
new organization. which consists q,
eight regional committees, twenty.eirh,
tate committees and insular committees
In the Philippines and Porto Rico
The Investment Bankers Association
will cooperate with the regional ana
State copmittees in presenting 70 Stats
and municipal authorities the problem,
of the public utility companies Ths
committee will also report to tn, national
committee what companies arc In need
of relief.
With regard to the possibility ,ha,
President Wilson may look into the pub.
lie utility situation the national com.
mittee says:
The action of the President 10
awaited with serious concern. If II Is
favorable, long step will have been
taken toward the protection of one OF
the country's largest industries il It ia
unfavorable, continued effort must be
made for relief until the people at large
understand that the national welfare
and the nations success in the war de.
pend upon fair treatment of business
whether II be affiliated with a public
interest or controlled entirely by ind.
vidual investors"
The sun., 1918-08-16
Prohibition,

Although the United oates Govern.
ment has not passed any laws prohibit
Ing the consumption Of alcoholic liquors
or, speculation In securities, a broker
pointed out yesterday that the various
edicts issued by the authorities are having
the same effect as it prohibition had
been adopted. This broker said specula-
ton In stocks Is not prohibited. but
brokers cannot obtain the money nec-
essary to speculate. He added that the
drinking Of beer Is not forbidden. but
the breweriee cannot get all the coal
they want, while the distilleries cannot
purchase grain for the manufacture OF
spirits.
The sun., 1918-08-16
Interboroush and Con. Gas.

News from Washington that the Capt.
considered the application OF the Inter-
borough Rapid Transit Company's re-
funding plans called attention to the
pressing necessity OF that corporation
for financial aid. It can be stated that
tho Interborough was the subject of the
recent conference between w. p. G..
Harding. chairman OF the War Finance
Corporation Mayor Hylan and local
financiers. but that nothing tangible re-
suited from this meeting. In connection
with the difficulty the Interborough Is
experiencing the case OF another New
York public utility the Consolidated
Gas Company, is worth noting. ConsoH-
dated Goa instead Of soaking financial
The sun., 1918-08-16
EXCHANGE TO REMvEsT.
Will Sell Tax Exempt Bonds Il
Buy New Issue.

All OF the working capital of the New
York Stock Exchange which was in
vested in tax exempt 315 per cent. Lib
erty bonds of the first Liberty loan has
been released for investment in bonds
of the fourth issue. according to an
nouncement made yesterday that the
board Of governors had authorized the
sale of the bonds now held.
The reason given for the move is that
IL will set an example which 1t Is de-
sired to have other firms, individuals
institutions and corporations follow in
selling their tax exempt bonds and pur-
chase an equal amount of the new issue
which will not contain the tax exemp-
ton clause. The selling of the bonds
had no effect on the price, for again
yesterday the 3ss duplicated their high
record Of 100.0S several times.
The sun., 1918-08-16
The Paper panies.

Wall Street has wondered at the ad-
vance In paper stocks in the face of
heavy shrinkage Of earnings of these
companies. and the explanation may be
In the fact that the large paper concerns
are making big strides in a number OF
by-products, which eventually should
prove profitable. The most important IL
the manufacture OF chloride and chlorine
which are made from hitherto waste ma.
terial OF the paper mills. and some OF
the companies are even producing the
finished chloroform and ether. Those
who are making the latter products re-
ceive more money than the mills which
make only the raw chloride, but both
products are bringing In profits from
what was formerly sheer waste.
The sun., 1918-08-16
DIVIDENDS DISCONTINUED.
New York Transportation to Con.
serve Cash Holdings.

The New York Transportation Com.
pany has discontinued for the present
the usual quarterly dividend upon the
capital stock. according to an announce
ment made following a meeting OF the
board of directors.
The statement given out declares that
the earnings OF the company are in a
healthy condition. but "in view OF tire
desirability Of completing from funds on
hand certain needed Improvements al
ready under way, and in view Of the
heavy and growing increase In operating
expenses on account of the war. II was
deemed advisable to conserve Temporal
rily the cash resources of the company
The sun., 1918-08-16
McAdoo Grants Court Review.

contrary to the impression In the
financial district that the conference be
tween Drector-General McAdoo and the
railroad representatives Wednesday was
fruitless 1t can be said that Mr., McAdoo
granted IN principle a number of i'm
portant points One Is that the roads
may retain the right OF appealing to the
courts for adjustment OF any difficulties
instead of leaving the Interstate Com
merce Commission as the final arbi-
TRAITOR, And It is also gratifying to rail-
road interests that the Director General
promised speedy decision on the briefs
which he asked for not later than next
Monday. Pending his announcement
next week, the formation of the COM
mittee to deal with the under main
tanned roads and the committee on de-
TTeciation have postponed meeting,
though they will begin work as soon as
the standard rental contract question is
settled. 1t is the general opinion of
railroad men that important progress
was achieved at the Wednesday confer
ence, though the rail stocks took little
notice OF this marketwisA.
The sun., 1918-08-16

Although no official announcement has
been made. it can be stated on reliable
authority that the American Can Com
pany will pay its $4,000. 900 notes matur-
Ing August 2l In cash. 1t Is also quite
certain that the remaining 80. 900. 900 OF
Can obligations maturing in successive
months will be paid out Of the earnings,
for, barring unforeseen developments,
the company's present financial position
makes the possibility of extending rhe
notes or seeking new banking assistance
improbable.
The sun., 1918-08-16
METAL MARKET.

For the time being there will DO no
copper available for consumers who can
not get acquisitions or priority orders.
As it is necessary to be in war work to
obtain these. no outside consumer can
purchase the metal until the supply In.
creases. Demands for war purposes are
taking care OF the entire production OF
the couptry. The prospects are that this
will continue for another month or so, as
no substantial gains are expected to be
made in the output Of the mines
Aug. Is. Aug IA,
Bid. Asked. Bid. Asked
The sun., 1918-08-16
ARGENTINE REPUBLIC.
CITY OF BUENOS AIRES.
SANITARY WORKS OF THE NATION

oTars arc Invi..d TO- IN 800, r,'o'I
OF plant for manufacturing sulphuric
acid, in accordance with the conditions
which may be consulted by interested
parties, in the Consulate General OF the
Argentine Republic in the City OF Nav
York, ~ Battery Place, Room 2.7 on
working days from 10 tin 4.
Offers must be presented In the once
~ the Secretary of the Council OF Public
Works OF the Nation, in the City of
buenos Aires, before 40 p. NJ, on the
SIN day of November next, on which day
and hour they will be opened in the pres
.nce OF the Interested parties who may
wish 10 attend on that occasion.
,,,, L cELAsco, Pro Secretary.
The sun., 1918-08-16
HARDING REAPPOINTED.
Named to serve Another Year as
Federal Reserve Head.
Special Despatch to TnE srx.

WAsHlNGToH, Aug I5.--President
Wilson to-day reappointed W. p. q.
Harding as Governor Of the Federal Re
serve Board for period of one year. or
until otherwise ordered. Since the ere.
alton of the board 1t has been customary
to name one OF its members as Gov.
ernor each year for n one year term.
Gov Harding was first appointed I'M
August. 1916. and has served ever since,
this being his third term.
The sun., 1918-08-16

aid, is in remarkable financial condi-
ton. it's net liquid assets being in the
neighborhood Of $30,000,o00. OF this
aggregate the gas company has some
$4,000. 900 current assets, including APP
proximately 100000 In Liberty bonds,
the New York Edison contributes about
SIP, 900. 900 and other subsidiaries make
up the balance,
The sun., 1918-08-16

The reason behind the selling of the
industrial stocks is mainly the lack. OF
sufficient money to finance an extended
rise in securities at this time. though In
banking circles II Is believed that the
money market will be greatly improved
by early September. when there may be
another bulge In prices. At present the
stringency IL illustrated by the fact that
the bankers money committee was called
upon for approximately S25,000.0 900 of
call funds yesterday and that the POOLS
assistance will have to be relied upon
until current Governmental financial OPP
creations are concluded. There was 340,-
100000 withdrawn from the banks
Thursday and the Federal Reserve au-
thorities served notice on the banks that
S75.000,000 more would be. withdrawn
to-day. This situation. in conjunction
with the severe taxation programme now
under discussion at the capital. is be-
lieved to have Induced the selling OF
stocks
The sun., 1918-08-16
REPUBLICA ARGENTINA

OBRAS SANITARIAS DE La NACION.
Construction de una fabrica de Acido
sulfurico.
Llamase q licitacion para la construc-
eion de una fabrica de acido sulfIrico, de
acuerdo con ell plicgo de condolences que
Consulate General de la Republica Argen-
tina en- la ciudad de Sueva York, IT Bat
terry Place, Room 227. todos los dias hablles
de 10 D. m.
Las propuestas deberan presentarse en- la
secretaria del Directorio de las Obras Sani-
tarias de la Nacion, en- la ciudad de
Buenos Aires, Capital de la Rsp1blica Ar
gentina, antes de las 8 y "a p. m. del dia
de Noviembre proximo fecha y bora en-
que seran abertas. en- presencia de los
interesados que concurran al acto.
L. CELASCO, Prosecretario.
Buenos Aires, I de JUNO de 1918.
The sun., 1918-08-16
ELECTS NEW vICE-PREsIDENT.
Cspndinn Pacific Railway Names
W. X. Machines.

MONTREAL. Aug. 15.--George y Bos.
worth has resigned as vice-pres.dent Of
the Canadian Pacific Railway to become
chairman Of the Canadian Pacific
Ocean Service. Ltd. He will be sue.
ceeded by William r. Machines, effec.
tive September /.
The sun., 1918-08-16
GOSSIP OF WALL STREET.
Selling the Industrials.

In the railroads there has been liduida-
ton Of some speculative holdings In the
lndustrials this week. Those who have
released stocks accomplished their OPP
erations skilfully, for houses usually
we'll qualified to Judge of important SELL
ing have persistently denied any liqui-
dalton OF consequence. 1t is the opinion
Of a banker. however. whose sources Of
Information are of the first class that
while the rails were being marked up
under the stimulation OF Director General
McAdoo's return to active work the OPP
portunity of selling the industrials was
made good use Of by some big traders.
The sun., 1918-08-16
NEW YORK STOCK EXCHANGE PRICES.
Thursday, August Is, 1918.

pays sales ..................... q
ear TO date. 81
The sun., 1918-08-16

NoteOdd lot transactions in separate
were made at prices outside of the regular full
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-04-16
NEW YORK COTTON.

! New York. April Is One OF the
most sensational breaks in the his
I tory of the cotton market occurred
today when under tremendous selling
from Wall street. the south and Liver
pool prices were forced down about
Z 50 a bale from Saturdays close max
. ing A drop of about S26 bale from
the nigh point Of the season eatab-
/ nshed on Arrl 4, In the early trad
ing a much better feeling prevailed
and drst prices we're to IS points
higher. because the spot article had
not followed the hrcah IN futures to
the extent that had been expected. AZ
ter prices had made further gains, a
biz drop occurred
II was estimated that EnCliah sell
ing orders during the forenoon were
close to 100 600 bales. Much OF the
liquidation was believed TO represent
bun holdings which the Liverpool
market was unable to take within the
roaxlnum range limit OF 100 English
points on this break July was car
red down 20 1919 and October to
$500 or SO 70 f19 points below Satur-
day close. The excitement then sub
sided To some extent and there were
rallies Of - 10 80 points early in the
afternoon on local and Wail street
covering Toward mid afternoon the
tnro again became decidedly weak the
/ market continuing its course down
ward until the close
In the hual hour there was a dcluEe
If selling from all quarters, July
summed 10 2s.b9 or 21s points Of from
the high point Of the forenoon Al 4
net. loss of Ia points. from SATURDAY 3
close While the pressure of offerings
cam" chief against the old CROP posi-
lions October broke ISL points from
/ the high level ~ the morning and t42
Saturday = LAT
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-04-16

vantage NJ tire chang in conditions
on the Chicago board of trade.
oats showed a stronger tone and
there was az advance of 4 in the
premiums in tire sample market, be-
lievsd to hc reelection or cash sales
to the government during tho latter
part Of last week. Sentiment was
quite bearish early. but it was at
least partially changed later There
was an absence OF export demand for
this grain and IL was reported that Of
ters to the cast from outside markets
were made as low as II cents over
Chicago MAY, although this was rela-
lively lower than they could be laid
down there. basis on No. white at 6
cents over the May in the sample mar
knt,
Large exports ~ hog products which
represe nted an accumulation Of meats
and lard, probably shipped sometime
ago and not previously reported, more
than offset the effect OF large receipts
of hoEs and OF declined Of Is cents
IN tho prices AT the yards
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-04-16
Ills "Home- University
How "Pem" kept pace
with his friend "Stan"

WHEN Pemberton Hoyt and STAN
w ley Hudson finished up at high
school, Penn" had to go to
work, so he got job with an export
house while Stan" started on the
first lap of his college course.
But the lads liked each other so well
mat they kept in touch and when Stan
happened to come home the first thing
he did WAS to look up Penn
And Penn was always welcome at the
Hudson home. They all liked him. even
lS-year-old Grace, but recently the
head of the house had been interest
ed in seeing how Perm "sized-up" with
Stan after the latter had been a couple
% years at college
So when Stan came home on Decor
alton Day Penn was invited to din
ner, and of course they talked about
he War. Penn was exempt because
he was sole support OF his mother.
sisters and young brother and Stan
had tried to enlist but he was a slim
I Jim and had been turned down as
too light to fight. He didn't believe it
though and hoped they'd take him
Vet. That night at dinner he said:
Gee Whiz! ] hope they'll re-vamp
their old exemption rules so that ]
can get look in"
Maybe YOU will yet" said Penn
! and don't | wish ! was foot-loose
| and wouldn't it be great if We could
both go together"
1t sure would" said Stan. but
we're both corrailed al present About
all We can do is to read the war news.
! That's what used to think" re
piled Perm; but ] got tired of the
daily sec-saw of advance and retreat
on four or five fronts and 7 said to
myself I believe III branch out bit
and study war in general and tho
European War in particular"
Is that So" asked Mr. Hudson.
How did you go about il %
We'll" answered Penn. lin the first
place read up on war in general--its
causes including economic. political.
social and religious factors: its social
effects-mostly injurious; the rules of
war in theory and practice; alien
enemies; treaties; contraband of war:
right of search; neutrality and so on. ."
Well well" said stan you did
some digging, didn't you?"
"Ye s, little" Penn replied but
the vein kept opening up and pretty
soon I found myself plumb up against
international law and read a lot bout
that"
And what then o. asked Mrs. Hud-
son
Well the next thing was to get a
line on the different warning nations
not only the half dozen big ones.
but Belgium, the Balkan States and
far-away Japan"
And then 80 queried Mr.. Hudson
Then Penn added Il got down
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-04-16
Quotations by MILLER a CO., Members
New York Cotton ExckBnsen
CHICAGO Gns5n MAnkIr.
NJ JOSEPH y. rRtTCHARp.

't4.asn Ap~I 1a.--The visible sup
ply Of wheat IN The United states is
row re- CSC p1n bushels sh, OF the com
paratNe period ~ 1917
Following thc decrease in the Wis bic
suppiy Of whoat a.l week there we're
losses I'm corn ara rye during the same
time. The former stocks IN the United
States decreased 900 bushels and the
latter showed Iosa of $4,000 bush
els While those decreases we're both
sm all conditions would have looked
more promising had they ahGwcd 10
creases Instead Of losses.
There we've many consI 1Yrert mo-
tices of foreign sh ,pn1erts ~ corn
received On the hoard If trade today
and these Will come forward ~ r4pid-
u cars can he Furnished 70 NrtnG
lt IN. Hedging sales were again in
evidence and these trapsac lions viii
doubtless become a great part Of tho
market ard II viii give the producer
% this grain chance 20 take aA~
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-04-16

10 the Great War itself / read about
the underlying causes which I learn
ed about definitely for the first time I"
Well. what were they" asked
Stan.
Penn laughed and said Now you're
inviting a pretty long story COVERING
national antagonisms. pan Germanisn
military alliances, the Morocco dis
pute, tho Dual Alliance, the Triple En-
tente, colonial expansion. the Russo
Japanese War. the Turco- Italian War.
the Revolution of the Young Turks
IT a long story and you better call II
movies"
That's so. wen skip" said Stan.
Then he said to his sister, Get your
things on, Grace" and as he was
about to rise his father exclaimed:
Hold on a minute. Say. Penn, where
did you get all that war done: IT
would be good stun for Stan or any
one else for that matter. l know you
started out 10 try and keep up with
him when he went to the university
and you had to go to work. but you've
certainly got a scoop on war-stufY,
Where'd you get it alp"
Il got II at my university. or II you
prefer, out of my circle OF knowledge
which is another name for my encyclo-
paedia-ny New International En-
cyCiopaedia"
Well, it's certainly international. .
said Mr., Hudson
Yes" added Penn. and it's inter
every-thine-else for it dips into about
everything anybody wants to know.
the college student, or graduate, the
professional or business man. and II
is big help to the young folks in
their school work"
Il believe III get it for Grace and
the rest of us" said Mr.. Hudson. look
ing around the board
To which Penn quickly added
Z QUILL make no mistake, for when I
started ont to try and keep pace with
Stan ! looked around pretty carefully
for home university and decided that
The New international filled the bill
and I got ton instalm ents-which
made it easy. And lot of others are
doing the same thing. | reckon
What Penn and others found in The
New International Encyclopaedia
about war in general. about the pres
emf warning nations and the great con-
fict itself, would fill book-one
book OF the many thousands whose
essential knowledge has been sum
married. nnd assembled into "a vol.
umes treating 10000 subjects--s0. 900
more than any other encyc1onacdja
We give YOU only a hint about il here
Let us send you our so-page Hlustrat
cd Book. showing Specimen pages.
Engravings Plates in Color, Maps and
so on,
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-04-16
Mothers Friend
in Every home


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This splendid PREPARATION may be
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The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-04-16

&$ 1.lverpool. April t5.--Spot cotton
rs quiet today on the basis or % 36d
Enr middlins. OLD contract. decline
g% 102 points while good rnidding new
sScntracts was % points lower ~
A4,ssd The sales were . Geo bales
including 4. o0p ba les American. The
,aooeipes were 10000 bales. NJ which
ITO were American. The market Tor
'4&w futures contracts opened unset
33a6 NJ decline Of 50 points and
stosed easy VT net loss ~ 100 points
&NOid contract spot prices were.
XM<rie2r rriddlinE far. 2457d ~nod
|lS1dditnG, 13s4d: uiddliur IS sd. low
S1AAdlinE, 3snd; niddltnE. @5.56d low
kx34d: good ordirsry. 81 SD and crdj-
aAry. 2i-5id.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-04-16

- York. April l5.--Mor@r on call
#4no stock exchange opened a 2f-
cont; high. per cent, low. So
EN3ont: close. per cent Most Of
nay.s loans were made M . ne~
Time money At tho opening ~
week was unchanged A iittle
aawa was dcre fer thirty days at
Der cent: other~ ise there was hut
movement Rates on aduxtrEsi
qrAl per cent on Ali fnatur.tics
N&hfrty days 20 six months, and
1xed collateral =. 9s per cent for
and NINETY days and per cent
our. ave and six months.
Ennttfe paper was bought SPAR
- this and other marketa