davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-09
The Dollar in Foreign Exchange

Quiet prevailed in the foreign ex-
change market last week and rate
changes were small and of little sig
nlhcance. The principal DEVELOPMENT
Of marketwise interest was the an
nouncement that steps have finallv
been taken with the aid of the Federal
Reserve authorities for the stabiliza-
ton of the Italian exchange situation.
Granting Of larger credits to Italv nv
the government Is expected to play an
important part in fixing the rate for
lire around 90. Bankers express con-
fidence that the lire rate can be kept
at that level without difficulty.
Spanish exchange continued to dis
play firmness. American dollars are
quoted at a discount of more than 80
per cent In Spain. the rate being in
the neighborhood of 9.51 pesetas to
the dollar. compared with the par or
normal rate of 5.1sh pesetas.
The American credit recently OBJ
tanned from Argentine has been ex-
hausted, it developed last week, and no
more offerings of Argentine exchange
are being made by the Federal Reserve
Bank of New York. 1t is understood
that negotiations for additional credits
will be made on behalf of this country.
If you calculate the cost of the dol
lar in terms of foreign money at par
value--that is, if you were buying dol
lars with pounds, marks or francs-its
value at the close of last week, as COM
pared with year ago, would be about
as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-09

A mere glance at this table will
make it perfectly clear that war
earnings have not been fully-in
fact, only slightly-capitalized by
the stock market in the form of
higher prices. And it is equally
clear that, having failed to rise in
prices as earnings, considered alone,
would have warranted, it is not a
foregone conclusion, as many sup
pose it to be, that severe reductions
of earnings will bring correspond
ingly severe reductions in prices.
Moreover, there is to be considered
the disposition of the profits. In
many cases the directors of indus
trial enterprises have been remark
ably conservative in the matter of
dividends, with the result that much
of the surplus profits have been re-
tanned in the form of current assets
or have been used in the construc-
ton of new plants and other addi-
tons to productive power. It is not
intended to suggest by these statet
ments that prices will not work low
er. They may easily do SO. But the
facts presented will have an impor-
tant bearing on the future of the
market and thew shOu1d NOT he over
looked.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-09
Dividends
Regular Declarations

Atlantic Coast Line Company of Connect.
cut.-Quarterly dividend Of $1.5O a share.
payable June 10.
Brazilian Traction. Light s. Power Com
the preferred stock, payable July / to stock
holders of record June 49,
Canadian Locomotive Compary.-Quarter
ly dividends of l q per cent on tho preferred
ana "a per cent on the common stocks both
payable July 1 to stockholders Of record
June 15
Cclluloid Company.-Quarterly dividend ~
per cent, payable June 20 to stockholders
of record June a.
Chicago, Burlington & Quincy Railroad
Company. Quarterly dividend of 2 ner cent
June 10. ASSoiu
. Fonda, Johnstown & Gloversville Railroad
Company.-Quarterly dividend of ~ per
cent on the preferred stock, payable june *
to stockholders of record June 10.
Globe-Wernicke Company.-Ouarter,v d,v,-
, uama oi 2 per cent on the common stock.
May 81. "a record
:. lngersoll-Rand Company. - Semi.annra,
dividend OF per cent on the preferred
stock, payable July to stockholders Of rac-
ord June IS. ~ ieo-
Manila Electric Railroad & Lighting Cor.
p porn dividend Of $3.50 a
snare. payable July l to stockholders Of rec-
ord June IS. - rec
Ottawa Traction Company. 49, Quarterly
dividend of per cent. payable july to to
stockholders of record June 49,
r. J: Reynolds Tobacco Companv-or.r
terly dividends OF 3 per cent on the comuann
s sh payable In scrip. and 1s. per cent on
the preferred stock, both payable Julv ~
stockholders of record June Fl. !"
Union Carbide Company.--Quarterly div,-
dend OF per cent. payable July /.
=, Utah Power & Light Company.-ouar+er.
~ dividend of ! u per cent on the prcferra5
stock; payable July to stockholders Of req ,
Wheeling Steel Iron Communicates.
terly dividend of 2 per cent payable Wv :
Minerals Separation North American Gov.
t'on.-Diyidend Of 50 per share in Iih-
er.y ponds. of which $3.50 per share will rev.
resent return of capital assets and SO csnts
p'ads snare e,arn,ngs. The distribution will be
OF record on May 49, e1' 'eS
Dominion Power & Transmission COMPANY
-Quarteriy dividend of per cent on the
common stock. payable June is TO stockhold
ers of record May 81 ''o'"'0ia'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-09
News Digest
Other Cities

Boston & Maine Railroad Hearing,
BOSTON, June S.-Plans for increas-
ing the operating capacity and general
efficiency of the Boston & Maine Rail-
read. particularly at the Western gate
ways, were discussed to-day at con-
ference attended by James H. Hustis,
receiver for the road, and George W.
Anderson, Interstate Commerce Com
missioner. Mr.. Hustis was au.horized
by the director general of railroads
to start the work Immediately and to
call on the government for whatever
funds might be needed to complete it
quickly. The improvements. which
will include extra equipment, are
planned especially to facilitate the
movement of coal into New England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-09
Relevant Comment
Marine Preferred Neglected

international Merchantile Marine
PREFERRED usually one of the most &C.
tive issues on the Stock Exchange.
olo not open yesterday until nearly
1890 O'Clock. On total turnover Of
NIUE more than 5000 shares, the
stock showed a final fuctuation Of
only an eighth Of point. Just week
ago the stock had one of it's most
erratlc days. Closing on the previous
gay at 1o4%, 1t rose during the first
nan hoor to 1922, and within a few
minutes dropped back to 1O4. Yester-
cant. in view of the recent crit;c;sm
due to the lack of definite inform .ui1 ~,
concerning the pending negotiations
for the sale of the British ships.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-09
Treasury Melts Down
100000 Silver Dollars

WASHINGTON, June s.-American
silver dollars now have been trans
formed in rupees of British India. and
other small coins used to pay Indian
soldiers. In exchange, the United
States government has obtained a
quantity of rupee credit, or foreign
exchange. for use Of importers in pay
ing their debts in India. About 81.
100000 silver dollars now have been
melted into bullion under the recent
silver bill, according to Treasury re-
port to-day, and most Of this has been
shipped to India.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-09

and Charles L. Tarber, of Dallas, Tex,
represented the shippers; Theodore q.
Burton, John E. Bouden. of New Or
leans, and E. L. Rice, of Memphis, rep
resented the bankers. Mr.. Bouden. In
contrast to other Southern representa-
tives present, offered no objection to a
genuinely radical departure in cotton
financing methods. Beverly D. Harris,
vice-president Of the National City
Bank; Albert Breton, of the Guaranty
Trust Company; F. A Goodhue, of the
First National Bank Of Boston, and ].
W. Farrell, Of Smithers & Co.. were
also among those present. A luncheon
followed the discussion.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-09
Dividends Passed

Edmunds & Jones Corporation.-The
directors of the company have passed
the quarterly dividend on the common
stock. The last two payments were
70 cents per share for each payment
The company has 10000 shares Of com
mon stock outstanding, and prior to
december III 1917 the quarterly rate
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-09
Kennecott's Output props

A sharp decrease in production was
shown in the figures of the Kenne-
colt Copper Corporation for Nav made
public yesterday. The output. amount.
ing to only 100000 pounds, was tho
smallest for any month for the Last
three years. Compared with April. there
was decrease of 100000 pounds
while In May, 1917, the production to,
tailed 100000 pounds. Last months
heavy decline was attributed to snow
slides in Alaska, which carried down
portions Of the tramway connectinr
the mines with the mill. Tramway re.
pairs have just been completed and
me u mines are again in operation. The
Kennecott, produced 6,75s,o00 pounds
OF copper in May, compared With
l,722 900 pounds in April, and 675o 'Coo
pounds u MAJ eYAax am
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-09
Steel Men to Go West

Judge E. H. Gary. chairman of the
Steel Corporations finance committee
and other steel men, are expected to
pc IN Duluth on June IL, where thew
WI! hold conferences with CONNER,
cal bodies which are working for the
elimination Of the Pittsburgh plus
freight price, as applied to basic steel
ana products made in the Duluth dis
trict. 1t is expected that satisfac-
tory agreement will be reached
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-09
Money and Credit

Loans and discounts of the banks de-
creased s11 500 900 last week, according
to the Clearing House statement issued
yesterday, while surplus reserves in
creased s11.165,2so Net demand de-
posits increased s13,267 900 to a total
of s3,737 $4,000. United States gov
eminent deposits decreased s55,SS1 900
last week, standing at $272,177,0OO at
the close.
The Federal Reserve Bank of New
York increased its gold settlement fund
last week by approximately $685.
100000. Bills discounted and bought
aggregated $592,67S,243, compared With
$64l ,694,946 the week before.
The actual condition of member
banks shown by the Clearing House
statement yesterday follows:
Loans. discounts, invest
ments' etc. ..:...- .s44ss, $4,000
Cash in vaults Of Federal
Reserve members. 1900. 1Oo677. 600
Reserve in Federal Re-
serve banks. ........... $4,000 900
Cash in vaults Of state
, banks and trust COM
panies ...:....:....... 15,1s1ooo
Reserve In repositories. o.171 600
NET demand deposits. 90. 3737. a84 600
met time deposits. ...... 1929 600
Circulation .........> 37164 coo
Aggregate reserve. .~.. 64O.44o 90
Excess reserve. 44,118,210
@United States deposits deducted
&272, 147, 900.
The changes from a week ago were:
Loans and discounts. Dec. $1,000 900
Cash in vaults Of Fed
eral Reserve men,
Reserve in Federal Re-
serve banks. ....... .Inc. 19,1Baooo
Reserve in vaults Of
state banks and trust
companies Dec 1885,. COO
Reserve in repositories. Inc. 100000
Net demand deposits. Inc. f3,26z, 900
Net time deposits. .. Dec. 1925, 600
Circulation. Dec. $4,000
Aggregate reserve. ..Inc. 1926, COO
Excess reserve. Inc. lilies, 2S0
piseaunA- Ratsssss2hA4 zoa1axtns sshis
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-09
Extras

Loew's Theatres Company.-An ex-
ira dividend of one-half of i per cent
In addition to the regular quarterly
dividend Of per cent, both pavabie
July to stockholders Of record
June 20,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-09

The above rates express the cost Of
foreign money In terms Of the Ameri-
can dollar. You buy an English pound
sterling at, say, $4.75M. The intrinsic
parity is $4.S6% per pound. Thus you
say either that pounds are ut dis
count or that dollars are at a premium,
which is owing to the fact that in Eng
land the demand for dollars with which
to settle accounts in this country is
greater than the demand in this coun-
try for pounds with which to settle &C.
eounts n Euelsnd.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-09

gives the current rates of the twelve
Federal Reserve banks on commercial
paper on all periods up to ninety days:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-09

London Money Market.-LONDON.
June 8.-Money was easy at PIX per
cent Discount rates were: Short
bills, 81 per cent; three-month
bills, gle per cent; old premium at
Lisbon was 10000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-09


seeking
enable profits
The the of last
night follows
RESOURCES
May
in $463622o00 $45677O0O
4H6I5Ooo 42oSaUOO
52500C00
Total by e32o/hooo SSo''S'4o"
Gold with 958zooVo
Gold 28,431,o00 27993oO
Total gold reserves. ..... 1e1e203ooo s1e17s2eooo
578S3oVo
rot., r.s.r 1e77724ooo s1e757oeooo
- oa4 $4,000 s97,357ooo
Bills go 5aoooo 256373oo0
BINS oougnt IN open market. -
ro4. >,. 12a3o34ooo s1,15s7soooo
11n;+.d s.a % @ - trrn .ecnt,.. 64s420oo
United States governlt short securities
All other earning assets o0roo0 ''o0'0
Total earning ooooloooo ~,oo'oS"V"
Due 100000 1efe4Coo
Uncoleed 4OO924O00 4273300O
Total deductions gross dpos 1000
Five per cent redemption fund against Fed - oo.
era Reserve Bank $4,000 626o00
All other resources $4,000
Total 37117o3ooo $368s3oo0oo
LIABILITIES
cspi. paid ,n s7554eooo
Surplus 1,134Oo0
Government deposits ., 179,876oo0 166,19too0
Due member a.oorn 44o413mo
Collection items
Other deposits credits 1oe4aoo
Total 1e7ssesooo s1ee4745o 900
eserve NOTES in actual circulation 639579O0o
Az net net liability eesoooo aa24oco
1' "'' ""0'A'ies'' 6855O0o 55S3O00
A~' '"0"'es " 3711,7o3ooo 100000
~ % ea reserves to net deposit
combined, 592 befor
total Reserve lbi
ties combined, 610 Weekbe " $500
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-09

Bank Clearings.-The days bank
clearings at New York were: Balances,
s9S1'667,e52, and exchanges, $685.
352.
Silver.-Bar silver in London was
As7sd, unchanged; New York. 99hc, un-
changed; Mexican dollars, TIC. un-
changed.
Sub-Treasury. - The banks gained
from the Sub-Treasury yesterday ST.
460,011.
Bank Acceptances.-Rates were un-
changed yesterday, as follows:
Thirty Sixty Ninety
livery: Per cent. Per cent. Per cent.
E e IDLE
banks: .4A@4 4a@4h 4h@4h
E i g Bile
non-mem-
Der banks.4h@41s 425@4l4 4h@4h
Ineligible
bank bills.5A@4s4 5A@4s4 6M@4sz
For delivery within thirty days:
Per cent.
Eligible member banks. ~
Eligible non-member banks. 4ss
Ineligible bank bills. ......6
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-09

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. [volume] (New York [N.Y.]) 1866-1924, 1918-06-09
Federal Reserve Banks

WASHINGTON SAn Of
enable profits
the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-06-09

Market Barometers
Stock Exchange Transactions

Stocks
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1918-07-31
FIGHT FOR stRGY.
MOST BITTER Of
BIC OFFENSIVE
FOURTH PRUSSIAN GUARDS CUT
TO PIECES AND RUGGED AMER.
ICAN FARMERS WIN GOAL AT.
TER DESPERATE STRUGGLE.

WITH THE AMERICAN ARMIES
in The Field, July 30-The German
crown prince hurled the Fourth Prus-
sian Guards, one of the '|ace' di-
visions of the German army, against
he rugged American farmers at
Sergy today in an attempt to check
their advances, but the crack Ameri-
can troops hurled the Prussians
across the Ourcq and continued to
push forward.
Late today this famous division is
broken and the American farmers are
in full possession of Sergy and much
ground beyond the village. Standing
out from the fighting along the Ourcq
is the bitter struggle for Sergy,
which has been retaken nine times
since Sunday morning. To reach this
town the Americans waded deep
across the Ourcq and advanced up
the opposite bank in a hail of mach
inc gun fire. They rushed the ma
chine gun positions, swept over them
and took the town, our artillery aid
ing in holding off Boches.
Then the Prussion Guards came up.
Behind a German barrage they drove
the Americans from the town; the
latter called for artillery assistance
ano returned to the attack fighting
through the streets and behind crum-
hled walls Enemy machine guns
had been placed behind barricades of
debris and in the ruined church, and
he machine gun and shrapnel fire
was so heavy the Americans were
forced to lay in the streets close to
the curling, seeking even that shallow
protection. The Prussion Guards re-
turned to the attack four times Sun
day and each time took the town, only
to be driven out soon afterwards by
the Americans. The fifth attack was
final, the doughboys driving off the
Guards earlp Monday morning in
spite a vigorous defense offered.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1918-07-31
.3rd, but this date has not been diff
initely fixed upon.
MAI. WASH SAYS NO WORD
OF PROTEST REACHED HIM
Continued From Page one.)

1t Souther Field as certainly should
have been done, in his opinion. The
most probable cause for the. apparent
oversight in not sending Major Wash
a copy of the resolutions is found
in the fact that they were prepared
by R. L. Maynard, copies being fur
nished each congregation and Sun
day school here, no copy being sent
the commander at Souther Field,
course, until after the resolutions had
Leen acted upon by those protesting
against Sunday baseball
There was no especial person Sc
lected to present the resolutions to
Major Wash after their adoption by
the various bodies to which they were
submitted, and in this way, it is
presumed, the duty of furnishing a
copy to Major Wash of the resolut-
tons was overlooked.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1918-07-31
HAMMER FAILED
TO ARRIVE TODAY

The patriotic speaking that was to
have taken place here tonight at the
courthouse has been postponed, owing
10 the fact that D. L. Hammer, the
speaker of the occasion, failed to ar
rive. Mr.. Hammer is the personal r.
resentative of J. W. Harahan, region
al railroad director for this district,
and is making a tour of the district
delivering patriotic talks before rail-
road men and others. 1t is anticipat-
ed today that he will speak at Amer
icus next Saturday afternoon, August
New-York tribune., 1918-03-09
Goethals and Stettinius
In Baker War Council

WASHINGTON, March 8.-Reorgan-
ization of the War Departments War
Council was announced to-day by the
War Department, with Major General
March, acting chief of staff, in the
place formerly filled by General Bliss
and with Major General Goethals, act
ing quartermaster general, and Edward
R. Stettnius, surveyor of purchases
added to the personnel.
1t was stated by Secretary Baker
when the War Council was organized
that he probaly would make changes
in the personnel from time to time
and also that members of the council
would be relieved at intervals to go tc
the war zone.
The addition of General Goethals
and Mr.. Stettinius is in line with the
policy Of having every important divi
sion Of the department represented ir
the daily conferences of the council
General Goethals is in active charge Of
the distribution of army supplies. The
work of obatining delivery of these
supplies has been delegated principal,
to Mr.. Stettinius
General Goethals's new duties, it i:
stated, will not result in the appoint
ment of any new head, acting OR other
wise, for the Quartermaster Corps.
New-York tribune., 1918-03-09
Capt. Vernon Castle
Left All to Wife
Aviator's Will Reveals Love
for Her and Realization
of Peril

The will of Captain Vernon Castle,
killed while flying in Texas a short
time ago, was made public by William
Klein, attorney for Mrs. Irene Castle,
yesterday. 1t discloses the fact that
the former dancing man of Broadway
was well aware of the danger that lay
before him when he left the ballroom
floor for the uncertainties of the air.
In the preamble to the will, which
was executed on September 28, 1915,
Captain Castle added to the usual
statement as to his being mindful of
the uncertainties of life, Especially as
l am about to enter the English army"
There is nothing in the will to dis
close the exact amount of the estate
left by the flying man. At the height
of his career as a dancer his income
was estimated at an enormous figure.
some placing his yearly earnings as
high as S750,000. Just what property
he did leave Mr.. Klein said he could
not make known at this time, at least
vantage of the opportunity to express
his love for his wife and to give to
her the credit he felt was her due for
his success in his professional life.
After providing for the payment of
his debts and funeral expenses from
his estate, Captain Castle left his en-
: tire estate to his wife, mot only as a
token of my deep love and sincere al
fection for said dearly beloved wife,
but also in grateful recognition of the
happiness which l have enjoyed in her
society during all our welded life and
the great assistance which she has
during all that time rendered to me in
my professional work and career.
"In so disposng of my property"
the will continues, 81 am not unmind-
full of my beloved parents and other
kinfolks and my many friends, and it
j is my desire that out of my personal
effects some token of my love and
affection be given by my wife to each
! of them SO far as possible in accord
ance with wishes expressed during my
lifetime or as her discretion Dictates
Permission for publication of the
will was given by Mrs. Castle, who is
now in Havana, Cuba, recuperatine
from the shock incident to the death
of her husband. Mr.. Klein said that
it would be offered for probate soon.
New-York tribune., 1918-03-09
Woman Killed by
Drop of Elevator
Mrs. Florence Van Buren's 8 Skull
fractured When Car Falls
Few Feet
By BRIGGS

An elevator which fell few feet and
them came to a stop without any great
jar on the bumpers just below the
first floor of the Wyoming Apartments
Seventh Avenue and Fifty-fifth Street
was responsible for the death of Mrs
Florence Van Buren,, of SIS West Sew.
entyfrst Street, shortly after midnight
yesterday Mrs. Van Buren's skull was
fractured.
Mrs. Van Buren had spent the evening
with Mr.. and Mrs. Frederick G. Potter
and boarded the elevator at the fifth
floor to go down to her automobile
The car was in charge Of Frank Bishop
of S79 Seventh Avenue.
Hallway between the first and sec.
ond floors the car hung for a moment
and then dropped to the bumpers. Mrs
Van Buren was dead when a physician
reached her.
Her husband, Thomas Bradhead Var
buren, died in 1915. He was a silk i'm.
porter for many years His father
the late General Thomas B. Van Buren
was once Minister to China. A son
David Van Buren,, who is in war scrv
ice, and daughter, Mrs. II. C. Rich
ard, of $40 Park Avenue, survive her
New-York tribune., 1918-03-09
staff Coyycspondeuce7

HICKSVlLLE, L. l., March S.
Quite a crowd followed Superinten-
dent F'rcel Of the S. P. c. A. to the
Hicksvile dcepo this afternoon and saw
him and his little black bag off for the
city on the 1906. 1t was the bag that
Hicksville was interested in mostly
There was $420 of good Nassau County
money in it that Nassau County would
never see again.
The loss of the S42O turned out to be
the big thrill of the day, although the
village had risen in high expectation
that the names Of the acrobatic million.
aires who arc supposed to have back
fipped out of windows to liberty last
Sunday when Constable John Bosch
closed in on the cockhght at Bayville
Casino would be spoken right out in
court.
But no sch thing. All Hicksville
saw was one deep dyed Hicksvillan
after another stepping forward to say
Guilty" and add to pile Of $40 bills
that was growing under the watchful
eye Of Justice Steincrt until there were
fortytwo of them.
From the pockets of grooms and
hostlers and gardeners on estates here
abouts the money came. Being charged
only with having been spectators at the
sanguinary show in Bayville, and hav-
ing professional interests to conserve,
they paid without comment
Thrills Are Yet to Come
However, the thrills we're only post
poned. Robert Duval and Wallace Col
Inns, representing the three imprc
surios who, Constable Bosch dcposes