davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-02-27
Cigar Stores Profits Larger
Earned $9.41 a Share on Com
mon Stock in 1917

Net profits of the United Ciga1
Stores Company and its subsidiaries
Tor 1917 amounted to SO, ,423. .50l, an IN
crease of s363,56s over the previous
year. The annual report issued yes
terday showed that s55o,o00 was SET
aside for war taxes, leaving balance
OF s2,S73,501. which. after payment o.
s316,s90 in preferred dividends, wss
equal to s9.4l share on the s27, ,lOS,'
ooo common stock, compared WI"
$1,000 share earned in 1916
Gross sales of the company last yes.
were $42,SS4,000 a gain of s7.oI4,vs
over 1916. Business in the same store;
that were in operation in 1916 showea
an increase Of S4,S63 coo The com.
pany now has in operation .23l stofss
and agencies.
New-York tribune., 1918-02-27

1916. Net income was s4,o32, ,024, com.
pared with S4.1I7,993 for the previous
year. Preferred dividends amouated
to $2.519.454, a decline OF $129. .541 ovel
a year ago. Surplus was S2,4l3,570
equal to S13.4S per share, compared
with S1.469,99 for 1916.
Bell Telephone Company of Penn
sylvania. - The report for the year
ended December 81 last shows gross
earnings of S23, ,925 ,240. compared with
$22 2,7o9,l83 for 1915. Net earnings wers
$4,S72,2 ,235. compared with S5,976.774 for
a. year ago. Balance was S4,10S.726
compared with S5,354 1872 for the pre-
vlous year. Dividends amounted to
S3,599,962, compared with S3.6OO0Ss
for 1916. Surplus was $50S, 764, COM
pared with S1,754.243 for a year ago.
Norfolk & Western Railway Company.
A preliminary report covering the
operations of the Norfolk G. Western
Railway Company for the 1917 calen-
dar year shows a surplus after charges
amounting to SIS S,946,l37. a decrease Of
S2,853.937. Allowing for dividend re-
quirements on the preferred stock
the balance available for the Sl2O.445f
400 common is equal to Sl4.96 a share.
In 1916 the road earned $3.50 On the
common stock.
New-York tribune., 1918-02-27
Third Av. Railway
Defaults Interest
On Income Bonds
No Surplus Income Avail
able to. Meet Payment
on Large Issue

Directors of the Third Avenue Rail
way Company, at meeting yesterday,
adopted resolution passing the semi
annual interest due April on the $22,-
$4,000 adjustment 5 per cent income
bonds. The resolution stated that
"therc is no available surplus income
of the period of six months ended De-
cember 81, 1917, applicable to the pay
ment Of the interest"
This statement was borne out by the
six months income account which
showed deficit after all charges
amounting to 500. .014. Had the interest
on>the adjustment bonds been declared
the deficit would have been in excess of
100000. The January deficit amounted
to $103, ,905, compared with deficit of
$50 for the corresponding month Of
1917. The January and seven months
earnings compare as follows:
New-York tribune., 1918-02-27
Relevant Comment
American Sumatra Goes Higher

American Sumatra Tobacco common
auded to It's reputation as a volatile
speciality by rising 4A points, to 94%.
yesterday, thereby establishing a new
nigh record. The stock has beenAclimb-
ing steadily since the fin of the wear
ana recently the fluctuations have been
so violent as TO give rise to renorts
."aC ,ne hoatlng supply had been cor
nefed, to all intcnts and purposes
O"quesllonably strong pool has been
Wofhlng II the stock for several weeks
men Sumatra was introduced to trad
IN on the big board, in May, last wear
II came out at the modest price Of 40
low lgure not reached since that time
H. sold as high as 6212 in December
Since January it has risen more than
90 points without an appreciable set
oack to speak of. There are outstand-
'ng 6,S0O.00O shares of common stock
on winch dividends are now being paid
at thc annual rate of per cent. pre-
Ierred per cent cumulative stock to
'nc amount of S2,000,00O is also out
stanalng. The company was organized
in 1910 and owns tobacco nlantations
IN Georgia, Florida, Connecticut and
massachusetts,, aggregating in all 35.149
acres. In the four-year period from
1914 to 1917 the company earned on
average Of 7.73 per cent wear on thn
common stock
New-York tribune., 1918-02-27
Elections

James +. Sullivan has been elected a
director of the Lehigh Coal and Navi-
gation Company, succeeding the late
Richard Y. Cook.
A. c. Weed has been elected vice
president and treasurer of the Borne.
Scrymser Company. succeeding T. G.
Sullivan, and Benjamin L. Armstrong
was "; elected director to fill vacancy
fhlllp 1. Neon succeeds Mr. Weed as
secretary and takes the place of r. G
Sullivan on the board of directors.
William E. Cable, jr., has been ap-
POINTED cashier of the Hanover Ma
tional Bank, succeeding Elmer F VIII.
taker, resigned, and Henry p. Turn
bull was elected a e-president.
~ Bentley II. Stevenson, formerly with
Toole, Henry e. Co.. has becors asso
clated with Maury, Rogers & Auchin-
New-York tribune., 1918-02-27
New York

A. and p. Earnings Large Earn
ings of the Great Atlantic and Pacific
Tea Company for the forty ght weeks
of the fiscal year from March 81, 1917,
to January 26 last aggregated SILL
S6S,4oS, an increase of 1922 per cent
compared with the corresponding
period of the preceding year The
sales Of the company from March l,
1916, to January l, 1917. from 2,7O2
stores amounted to s59, ,683,396, COM
pared with $100,952,026 from 3,73O
STORES from March /, 1917, to January
/, 1913.
New-York tribune., 1918-02-27
Japan's Balances Large

Japanese balances here are still suf
fciently large to make possible further
large dollar advances to the Allies. 1t
was estimated yesterday that govern
ment and private Japanese balances
here approXimated $10O,0OO.0OO at the
present time. A considerable portion
OF TINS has been invested in American
securities. The Japanese government
postal savings bank, which had on
March 81, 1917, total deposits of ap-
proximately S12O,0oO,000, on which Il
pays about 4 per cent interest. has in
vested a large portion Of these funds
IN securities in this market at prices
yielding anywhere from to G per cent.
New-York tribune., 1918-02-27
Money and Credit

Call money ruled at per cent at
the Stock Exchange yesterday. though
the rate was as high as per cent,
closing at that figure. The increasing
irmness was attributed to fresh with
drawals Of government deposits and
to payments in anticipation of the GER
tihcates of Indebtedness issue.
The market for fixed date funds con-
tinued only nominal affair yester-
day owing to the unwillingness of the
banks to increase their time commit
ments. Rates were quoted firmly at
per cent.
Ruling rates for money yesterday,
New-York tribune., 1918-02-27
News Digest
orelgn

London Market Steady.-LONDON,
Feb. 26.-The sales Of national war
bonds last week amounted to over e21,-
100000, which, with the liquidation of
some deceased estates, accounts for the
dulness of gilt-edged securities on the
Stock Exchange. The market otherwise
was steady to-day, with colonial bonds
and rubber and shipping shares in good
request, and there was continued buy
ing OF oil stocks and Australian mines.
Paris Bourse.-PARIS, Feb 20
Trading on the Bourse to-day was ir-
regular. Three per cent rentes sold at
81 francs SO centimes for cash Ex-
change on London was 27 francs 1872
confines. Five per cent loan was
quoted at 81 francs S5 centimes.
New-York tribune., 1918-02-27
Investigating Aetna Explosives

The affairs of the Aetna Explosives
Company, Inc, are being investigated
by j. G. w. Seligman & Co., with a
view to preparing a reorganization
plan. 1t was learned yesterday that the
bankers have been 30 favorably inn
pressed with the improvement in the
company's condition under Receiver
Benjamin Odcl's management that
they have practically decided to 70
ahead with their plans. The receivers
report, covering the period from April
20, 1917, to December 81, showed net
profits of S3,393 ,349 after deduction of
war taxes
New-York tribune., 1918-02-27
Slow to Exchange

Holders Of the s5,oOo,ooo Swiss gov
ernment notes, who have been asked
by Lee, Higginson & Co., as paying
agents, to accept United States Treas
ufy certificates of Indebtedness in lieu
OF the principal, which falls due Fri
oay' have not yet responded in large
measure to the request, which was IS
Sued TO AID this government in it's next
nlperty Loan campaign. The maturing
n noles are part of total issue of SIS
100000, of which S5,0OO,OO0 fell dne
New-York tribune., 1918-02-27
Other Cities
Box Company Increases CAN'T

TRENTON, N. j., Feb. 26.-The Mengal
Box Company, the registered office of
which is at Is Montgomery Street
Jersey City, to-day filed an amended
certlhcate in the Office of Secretary
from S6,0OO,O0O to $40 900, 900 The Ger.
tlticate is signed by c. c. Mengal. as
president, and II. p. Roberts, as secre-
tary of the company
New-York tribune., 1918-02-27
The Dollar in Foreign Exchange

Exchange rates moved narrowly as a
rule in the local market Yesterday.
Italian lire were steady. Bankers
quoted rate of Is cents for rubles,
but actually no open market for Rus
sian exchange exists here, owing to
the chaotic conditions now prevailing
in that country.
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., 1918-02-27
PrOspers Despite Voorhees, Days.

Following meeting Of the directors
of the lnterborough Rapid Transit
Company yesterday afternoon state
ment was issued showing that the earn
ings for the current quarter, March es-
timated, were approximately $500,0
IN excess of the dividend require
ments, Notwithstanding the extremely
inclcment weather during January and
February and the numerous holidays
and voorhees, and heatless days oc-
curing during said PERIOD it was
announced that the earnings estimate
was made after allowing for tax de-
ductions.
New-York tribune., 1918-02-27

The directors at yesterdays meeting
voted to set aside S494 1886 out of the
six months income for improvements
and betterments. No part Of this sum,
however, is to be used for construction
or purchase of additional lines.
Since the Third Avenue was so hard
hit by the strike on its lines in 1916 its
earnings have failed to recover to any
marked extent. In the fall of that year
the dividend was passed, and none has
been paid since.
New-York tribune., 1918-02-27
Current

The above rates express the cost Of
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling at, say, $4.75l's. The intrinsic
parity is $4.S69s per pound. Thus you
say either that pounds are at discount
or that dollars are at a premium. which
is owing to the fac, mat in England
the demand for dollars with which to
settle accounts in this country is greater
than the demand in this country for
pounds with which to settle accounts in
England.
New-York tribune., 1918-02-27

In banking circles it is predicted
that money rates will hold firm until
after the third Liberty Loan IS
hoated. The current issues of Ger
titicates OF Indebtedness are absorb
ING large sums, which, while they
arc returned to the banks in the
form of government deposits, never
theless in the course of shifting
cause temporary strains. Call
money rates are holding in this mar
kct at 4 to per cent at the present
time, with 6 per cent apparently the
dead line beyond which tho bankers
committee, with its 100000, 600 pool
to draw upon, will not permit the
rate to go. A year ago, when the
country was not at war, call money
was loaning in New York at IA to
. per cent. For several weeks there
has been only a semblance of a mar
ket for time money owing to the un-
willingness of most of the large
banks to increase their fixed com
mitments.
New-York tribune., 1918-02-27

A cartoon in an evening paper
pictures American Business as
selfshly erecting office buildings at
d time when labor is urgently needed
Tor the production Of war goods.
"Bradstreet's," which deals in facts
and has no artistic temperament,
reports that building operations in
January We're the smallest in ten
years, the estimated value of pro-
jected structures amounting to S26,-
545, 1888, compared with $57,344,419
in the corresponding month year
before. And prices meanwhile had
risen something like 20 per cent.
New-York tribune., 1918-02-27
Corporation Returns

Deere Co. Total earnings for the
e5l.129. compared with s47 7sS os1 e. for
New-York tribune., 1918-02-27

Commercial Papcr.-This market con-
tinues on 512 to G per cent basis for
the best regular maturites, without
much business moving.
Discount Rates.-Oiicial rates Of
discount for eacn OF the twelve Fed.
eral districts are as follows:
New-York tribune., 1918-02-27
Japanese Credit for France?

Advices from Toxic that Japan is
about to extend to France credit Of
50,000,000 yen ($25,0o0,000) could not
be confirmed in local Japanese financial
circles yesterday Akira Den. the ac-
credited financial representative of the
imperial Japanese government in New
York, aaid he had received no informa-
ton from his government Of such ne
gotiations. Officials of the Yokohama
Specie Bank also had no knowledge Of
such credit arrangement being made
According to the Wall Street report,
the details of the loan to France had
not been completed, and it was not
known whether the advance would be
in the nature of a dollar or yen credit
Recently Great Britain obtained a $780,
100000 credit in dollars from Japan,
payable in New York
New-York tribune., 1918-02-27
One Per Cent Equals $4,000 600

The premium that Canadian inter
ests have been compelled to pay of
late for exchange on New York is said
to have cost them at the rate of SIS, ,00O,-
600 year. 1t is expected, however,
that the exchange situation will be
adjusted now that the Canadian Pre-
micr and other representatives. arc in
Washington for the purpose of laying
the matter before the United States
Treasury officials.
New-York tribune., 1918-02-27

and was paid in March, 1916 In view
of the prevailing heavy discount OF
American money in the Swiss markets
the Swiss government stands to make
substantial profit in paying off the
notes maturing this week, as the obi
cation is payable in dollars.
New-York tribune., 1918-02-27

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., 1918-02-27
ANDREW I. MCCORMICK. Auctioneer
REGULAR AUCTION SALE,
STOCKS AND BONDS,
By ADRIAN II. MULLER & son,
OFFICE. 55 WILLIAM ST
WEDNESDAY. FEBRUARY %, 1918,

EN- CHANGE SALFSROOM.


EXCHANGE SALFSROOM
NOS. II and is VESEY STREET
For Account Of Whom i Ma Concern.
5000 600 Chicago &, Eastern Illinois R P
Co. Refdg. & Irnpt .. c Bonds
due July |, 1855, July 1914 and
subsequent coupons attached
1000 shs. City Investing Co. common.
6S4 shs. Richmond Hill Investment Co.
shs. Land &s River Co. ist pretd
2l shs Land &, River Co. I'd pref6
and $3.50 Is scrip.
10 shs Land & River Co. Sd prefd.
and S54.16 % scrip.
20 shs Land & River Co common.
900 shs. Kniokerbocker Wyoming on
Co. common.
797 shs Keystone Chemical Supply Co
IS shs. Bristol Chemical Works Inc
4o3 shs Tower Manufacturing & Nov.
city Co.
300 shs Knickerbocker Wyoming OF
Co. prefd
300 shs. Knic6erbocker wyoming OF
Co common.
10 shs. United Gas & Electric Corpn
1st prefd.
POO shs. Parke. Davis & Co.
20 shs. National Bank Of Commercs
Detroit. Mich.
$4,000 Second Avenue II. r Co fy
Consld- p. c. Bonds, 194s CT Q.
Deposit.
5000 shs. Marquette OIL Co,
200 shs. Hudson Companies prefd
10000 shs. Matthews Iron & Steel %.
379 shs. Associated Blue Book PA.
licatlons. y Corporation coInaN.
100 Shs. Associated Blue Book Pub
lications. \ Corporation. p7efd.
New-York tribune., 1918-02-27
Discuss New Havcn's Problem

Directors of the New York, New
Haycn & Hartford Railroad met yes
tcrday. Among the matters under dis
cusson were the companys financial
requirements in the current wear.
which are estimated at S63. 900 900. The
principal item is the $45 900 900 note
issue maturing on May |. In addition
1T has been estimated that $4,000. 900
will be needed to cover other REQUIRE
mcnts. 1t is expected that nothing
definite will be done toward providing
tor thc May / note maturity until the
railroad bill now before Congress has
become law.
New-York tribune., 1918-02-27

London Money Markct-London Feb.
2G.-Money was in better demand
and discount rates were steady. Money
3 per cent; discount ratcs-short and
three months bills, 35s per cent; gold
uranium at Lisbon. 10000
New-York tribune., 1918-02-27

Slver.-Bars in London were quoted
at ~ cd, unchanged New York, 85kc
unchanged; Mexican dollars, csc, un-
changed
New-York tribune., 1918-02-27

lO,vc.
New-York tribune., 1918-02-27

Yesterday. Year ago
Call money..,... 49o go
New-York tribune., 1918-02-27

Sub Trcasury.-The banks lost s595
OOO to the Sub-Treasury Yesterday.
The Greeneville daily sun. (Greeneville, Tenn.) 1918-1920, 1918-11-23
Secretary McAdoo Resigns
His Resignation Has Been Accepted

WASHINGTON, Nov. 12.-Wiliam Gibbs
McAdoo, secretary Of the treasury, director-gen-
9ra of railroads and often discussed as one Of the
presidential possibilities Of 1920 has resigned his
office to return to private business
President Wilson has accepted his resignation.
Mr. McAdoo will give up the Treasury portfolio
as soon as successor has been selected. He
wishes to lay down his work as director-general
Of railroads by January 1st, but will remain if the
President has not then chosen successor.
Upon the new secretary of the treasury, who
ever he may be, will devolve the task of financing
the nation through tn etransiton period of peace,
which probably will include at least two more lib
arty loans and possibly also further revision OF
the system of war taxation.
Letters between President Wilson and Mr.. Nc
Adoo, made public today with the announcement
of the resignation, give Mr.. McAdoo's reasons
for leaving the cabinet solely as necessity for
his personal fortune and express the
Presidents deep regret at losing his son-ln-law
from his official family
The Greeneville daily sun. (Greeneville, Tenn.) 1918-1920, 1918-11-23
Over $4,000 Deaths and 10000
Wounded Americans During War

WASHINGTON, Nov 23.-There were over
$4,000 deaths of American soldiers during the
war, and nearly 100000 men were wounded
These figures were given by Chief of Staff March
today at the press conference, at which he re
vealed the following divisions slated for early re-
turn to the United States: Eightyfourth, 86th
87th nine regiments Of coast artillery, two field
artillery brgades, besides aero squadrons from
England. General Pershing was ordered this
week to send home to the extent Of available
transportation such units as are not needed for
army of occupation. These branches are rail
road artillery army artillery, gas tank and air
service and skeletons of certain divisions used in
replacement
The Greeneville daily sun. (Greeneville, Tenn.) 1918-1920, 1918-11-23
Senate Bill Urges
Trial Of Kaiser
By World Court

WASHINGTON, Nov. 28.-An in
ternational court to try the former
kaiser of Germany, William Hohen-
zollern, is proposed by Senator Poin-
dexter of Washington.
Under this plan the great powers
united for the prosecution of the war
and the saving of civilization would
convene an eminent International tri-
bunal, bring the former kaiser before
it, and then try him like criminal
for his crimes and outrages' against
humankind.
Senator Poindexter holds that not
only could such court be provided,
but its DEGREES could be enforced.
The Greeneville daily sun. (Greeneville, Tenn.) 1918-1920, 1918-11-23
Secretary McAdoo's Successor Is Being
Discussed Garter Glass, of Virginia,
Heads List of Possibilities
(By The United Press. J

WASHINGTON, Nov. 23-With Representa-
tive Carter Glass, of Virginia, exponent Of Fed
eral reserve and farm loan boards a leading can
didate the slate for secretary of the treasury to
succeed VIM. G. McAdoo, chief interest centered
today in the railroad situation There is much
talk of Bernard Baruch as director-general of
railroads, but there is also strong intimaton to-
day that determined effort will be made by
stockholders and anti-government control ele-
ments to have the president return the roads to
private control now, before they are further
scrambled.
The Greeneville daily sun. (Greeneville, Tenn.) 1918-1920, 1918-11-23
Last Important City In Belgium
Soon to Be In British Hand.

LONDON, Nov 23.-Liege, the last important
city in Belgium to be repatriated is expected
soon to be in allied hands The British were last
reported within less than twenty miles Of that
place. They have passed through Namur The
occupation of Luxembourg s.rapidly being com
pleted by the Americans who are nearing Rhen.
ish Prussia The French already have foothold
in the latter province at Saarbrucken and have
entered Saargemund, near the junction of the
boundaries of Rhenish Prussia and Rhenish-
Baair ,e-ss.--
The Greeneville daily sun. (Greeneville, Tenn.) 1918-1920, 1918-11-23
Freedom For Schleswig- -Holstein Will Be
One of the Demands of President Wilson
AT the Peace Table.

WASHINGTON, Nov. 29-Freedom for
Schleswig- -Holstein, which was wrested from
Denmark by Germany in 1866, will be one of the
specific demands Of President Wilson at the
peace table Answer the call Of native Danes
both in SchlesWg and the United States, the pres
ident has assured these peoples that the wrong
done them by Germany shall be rghted. The
presidents position was outlined in a letter to
Rev. K. c. Bodholdt of Racine, Wis, made pub
Iic today, replying to a petition recently pre-
5ented by American citizens from SchlesWig and
others of Danish descent.
The Greeneville daily sun. (Greeneville, Tenn.) 1918-1920, 1918-11-23
Provides For Mail
OF Freed Yanks

WASHINGTON, Nov. 23.-Ameri-
cans who have been held in German
prison. camps, but who are now re-
turning to the A, Eff, according to
the provisions of the armistice, here
after will receive their mail through
the regular overseas postal service,
the war department announced 10.
day.
As fast as reports are received on
the return of these men, relatives will
be informed by the department as to
their addresses. The words "'For-
merly a prisoner of war in Ger
many" must be inscribed on every
piece aof mail which they receive.
The Greeneville daily sun. (Greeneville, Tenn.) 1918-1920, 1918-11-23
Hundreds Killed
In Blast German
Munitions Trains

LONDON, Nov. 23.-An explosion
of munitions trains at the station Of
Hamont, in Belgium, Thursday was
the cause of casualties estimated to
be- between 1900 and 1000. One
hundred and fifty dead already have
been counted, according to a Cen
trail News dispatch from Amsterdam
The injured are being taken to Bu-
del, Holland,
1t is reported that the cause of the
disaster was bonfire built by chill
dren. ~.
The Greeneville daily sun. (Greeneville, Tenn.) 1918-1920, 1918-11-23
Pershing Asks That Thirty Divisions
Remain Overseas For the Present
(By The United Press. }

WASHINGTON Nov. 23.-About thirty di-
visions, around 100000 men, may constitute
the American portion Of the associated army Of
occupation in the west if present plans carry.
General Pershing, it is understood today, cabled
recommendations that about thirty divisions
should remain abroad for the present This would
free about 700 900 men for return to this country
The Greeneville daily sun. (Greeneville, Tenn.) 1918-1920, 1918-11-23
Former Kaiser
Has Influenza

LONDON, Nov. 29.-Germany's
former ruler, William Hohenzollern,
has been taken seriously i'll with the
influenza, according 10 an Amster-
dam dispatch to the Express. An.
other Amsterdam report says the ex-
kaiser's suite, including Admiral Pla-
ton, has returned to Germany by way
of Oldenzaal..
The Greeneville daily sun. (Greeneville, Tenn.) 1918-1920, 1918-11-23
Japan Is Hoping For Big Place In the Sun
Asa Result of the Coming Peace Confer
ence.
CBx The United Pres..l }

WASHINGTON, Nov 23.-Japan hopes for
big place in the sun as a result of world peace
conference, according to diplomats today. The
Mkado, it is believed, plans not only to seek the
retention of Kiao-Chau and other German island
possessions of the Pacific now under the Japanese
flag, but also expects world recognition, special
trade and economic privileges in China and ST.
IBERIA.