davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-06-04
Finance Economies

The action OF the stock market
yesterday was much more interest
ing than would appear from casual
inspection of the record of transac-
tions 1t was interesting more for
what didn't happen than for what
did, for ordinarily shock such as
was impaired by the startling news
that German submarines were oper-
ating off the American coast could
have caused serious upset on the
exchange. Many brokers and trad
ers were, in fact, much surprised by
the steadiness Of prices. There was
no unsettlement. Instead, the mar
ket sustained the shock in remark
able manner, majority of the ac-
tive issues closing higher than on
Saturday. When the reports-much
exaggerated-were first flashed
around the Street, traders hastily
dumped stocks in large volumes, be-
sides selling heavily short in antici-
patton of a severe slump. Prices i'm
mediately began to recede, and
within short time the leading is
sues had lost from one to four
points. But there the decline
halted, for the only sellers apparent
ly were those professionals who act
first and consider at leisure. Yes
terday the sellers found that on
every reaction the demand for
stocks increased, and as result
many Of those who sold stocks ear
lier in the day repurchased them
when it was seen that the decline
had been definitely checked. There
was no indication Of outside lioui
dation, which Is the only thing the
market has to fear in it's present
oversold condition. The movement
Of prices furnished a good demon
stration of the fact that the market
has again worked into very strong
position-a position In which it is
likely to show great resistance to
pressure such as it was subjected to
during brief period, of yesterdays
session.
New-York tribune., 1918-06-04

In connection with the foregoing
figures, it was explained that the earn
ings of the British companies repre-
sent only the dividends paid in to the
parent corporation which owns all the
capital stock of it's subsidiaries, with
the exception of Frederick Leyland &
Company, Ltd. of which about AZ Der
cent of the preferred shares and 90
per cent of the common shares are
owned by the international Mercantile
Marine Company.
The estimated 1917 surplus was
equivalent to 2140 per cent on the
New-York tribune., 1918-06-04
American Telephone & TELEGRAPH ca

a dividend of Two Dollars per share VIII
be paid on Monday. July Is. 1919
stockholders of record at the close Of busF
ness on Thursday. June 90. 1918.
G. u. MILNE. Treasured
New-York tribune., 1918-06-04

The municipal bond market is in
an unique position. The demand
for municipals is so pressing that
prices have gone up while other in
vestment securities have been tend
ing downward. For more than a.
year there has been a steady alb
sorption of the higher class issues,
so that the shelves of the dealers
are now practically bare of them.
The inquiry for municipals has be-
come much keener in the last two
weeks, owing to the certainty that
income taxes will be heavily in
creased, which makes these securi-
ties especially attractive to the large
investor because of the exemption
from taxation of income derived
from investment in them. Compare
lively few new issues are being mar
keted, the ban on capital applica
t1ons for non-essential purposes hav-
ing restricted the output. Accord
ing to "The Daily Bond Buyer" sales
OF permanent state and municipal
bonds in the five months ended Nav
81 were only $11O,350,921, the
smallest amount marketed in anv
corresponding period for more than
decade. In the first five months
of 1915 sales of such securities
totalled 259,988,8O6.
New-York tribune., 1918-06-04
CH EsAPEAKF 4 QUO RlTIW4Y 90

= broadway, New York. May ~. isit.
DIVIDEND of TWO PER CENT. W
.ne , capital stock OF the Company has as.vs "a
aaS oeen declared. payable June "a ttss5f ts;f
transfer books will not close.
Nnechs VIII be mailed TO stockhc;R
al the addresses recorded on the bocks
the Company
New-York tribune., 1918-06-04
CARL REM1NGroN. secretasy:
AMERICAN CAN co.

quarterly dividend OF one ard tnlysss ~
Preferred Stock OF this Company. payeesss
July LIST. 1918. to Stockholders OF recoges.
me me close OF business June l4th. ~ ~
transfer Books wsI remain open. Cne
mailed. r. H ISMoN.
Secretary g. Treasure
New-York tribune., 1918-06-04

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., 1918-06-04
LIGGETr q MYERS TOBACCO GO.

81. Louis. Mo. May q. isls,
dividend OF one and three -quassssu
per cent q y qs) has been declared on ~
rreferred stock OF Liggett & Myers ~
nacro Company. payable July lst, 1913. y
stochhoiders Of record a the close OF ows
mailed.
New-York tribune., 1918-06-04
More Sugar Acceptances on Market

Announcement was made yesterday
that a further offering of acceptances.
amounting to $1,0OO,oo0, drawn under
the credit granted by the banking syn-
dlcate which is financing the Cuban
sugar crop, will take place to-morrc W.
New-York tribune., 1918-06-04

If the action of the Director Gen
eral in limiting the rate the xail-
roads will pay for bank loans to 6
per cent is intended to apply only
to short advances, there can be no
serious objection to it, though some
banks say it is unfair to ask them
to make loans while railroad bal
ances carried with them are being
reduced. But if the ruling is in
tended to cover one and two year
loans, 1t is a very different matter,
for the effect may be to divert funds
that might be loaned to the carriers
to other enterprises. Sound public
utility and industrial corporations
are willing to pay and 8, and even
$ per cent for one and two year
money, because such rates are
necessary to attract capital. The
banks are not likely to provide funds
for the railroads at 6 per cent when
there is demand for all they can
supply at more remunerative rates.
1T is easy to say that the railroads
shall not pay more than per cent"
banker remarked yesterday, "but
1t will not be easy to induce the
banks to loan them money at that
rate, except for short periods"
Fixing an arbitrary rate on war
loans is possible because patriotism
is the controlling factor, and the
people will buy bonds regardless of
the yield, but that element does not
enter into corporate financing. The
rates for such loans are fixed in the
open markets for corporate secu-
rites"
New-York tribune., 1918-06-04
Liberty AIS at New Low.

The Az per cent bonds of the third
Liberty loan sold down to $3.50 at the
New-York tribune., 1918-06-04

their fixed date commitments, and as
a result the market for time loans
continued at standstill. Most of the
business done consisted of the renewal
of maturing loans The demand for
time loans continues heavy, with bor-
rowers bidding 6 per cent for all ma
turtles.
Ruling rates for money yesterday.
compared with year ago. were as fol-
lows:
Yesterday. Year age.
Per cent Per cent
Call money:
On mixed collateral
On industrial col't'l 5Ia 4Ia
Time money (mixed collateraD:
Sixty days. s......... 6 4 @4H
Ninety days ........ 6 IVA @4lA
Four months. 6 4Il043l
Five to six months 6 4l2043A
Commercial Paper-This market was
quiet, with rates holding steady around
6 per cent for the best regular maturi-
ties.
Bank Acceptances "A substantial
business was reported yesterday in
eligible member bills, but rates we're
unchanged, as follows
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent. Per cent. Per cent.
E i e b lie
IN m bel
banks. 44@4 4ls@4Is .4h@4M
E igi lie
non-mem
Der banks 4I4@4Ia 41@414 4%@4A
Ineligible
bank bills.5A@4s4 5I4@424 5I4@4s4
For delivery within thirty days:
Per cent.
Eligible member banks ........ 4Ia
Eligible non-member banks. 45a
Ineligible bank bills s........6 6
Discount Rates.-The following table
gives the surrent rates of the twelve
Federal Reserve banks on commercial
paper on all periods UP to ninety days:
New-York tribune., 1918-06-04
Gross earnings latter

Gross earnings (after
providing for British
excess profits duty)
also miscellaneous
earnings and insur-
ance fund surplus
for the year. 49,. s57, ,254,s1s s8s, 44o, ,725
Deduct:
Gross operating and
general expenses, in
cludnG IT, S. in
come tax and excess
profits tax and Brit
ish income tax also
interest debert-
ure bonds of subsid
iary companies .. 80 959O,54S 55.C61353
Net earnings, before
providing for inter
cst on l. NJ. M. Co.
bonds and dcprccia-
ton on steamers. s17,os4.26e s3a, ,3ss, ,a72
Interest on I. NJ NJ.
Co bonds ...... 2363.46O 3.1et. .533
Total ..........'. $4,000. 300 $50, ,784
Depreciation on steam
ers .............. 4,23o,2e5 4,1ee.4ss
Net result st1,o7o.543 $2e ,o27 ,2e5
New-York tribune., 1918-06-04

Silver-Bar silver in London was
48bd, unchanged; New York, 9912c, un-
changed; Mexican dollars, tic. un-
changed.
Sub-Treasury-The banks lost to the
Sub-Treasury yesterday $4,000.
London Money Market. - LONDON,
June 3.-Money was firm at per cent
to-day. Short bills were discounted at
3h per cent; three-month bills at 9-16
per cent. Gold premiums at Lisbon,
1870.
New-York tribune., 1918-06-04

Discount Rates.-The following table
gives the surrent rates of the twelve
Federal Reserve banks on commercial
paper on all periods up to ninety days:
The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1918-06-01
Juror Wanted Chance

Many jurors summoned to try a
murder case in Reno asked to be ex-
cused on various grounds. One jur-
or told the court that he thought he
should be excused because his wife
and family had just left for San
Francisco, to be gone for two weeks.
He said it would be a great hardship
on him to be locked up at that par
ticular time.
The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1918-06-01
LIQUOR Pays Big Tax

Total net revenue derived last year
from licenses of all classes amounted
to $2O4. .814.45 according to figures
prepared by F. N. Fletcher, secre-
tary of the State tax commission.
The bulk of the revenue was derived
from the sale of liquor licenses total
ing $168. .483.60. In Esmeralda Coun-
ty total licenses collected amounted
to So, 400. of which 81. $40 was contri-
buted by the liquor interests.
The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1918-06-01

Retrenchment will be the burden
of the song of the new Tonopah
school trustees in the direction and
management of school funds this
year. To this end the board will sift
from the curriculum all the non-
essentials and cling strictly to the
fundamentals and in this way it is
believed the board will be able to
save $4,000. This will mean the
dropping of possibly four instruct
ors and will eliminate music, science
and some other subjects.
The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1918-06-01

Director General McAdoo's order
ing curtailment of transcontinental
passenger schedules from Chicago
west. effective on June 2. will save
II, ,728. 900 train miles a year by
eliminating competition and cutting
down running schedules. The cur
tailment, with reductions previously
made. are expected to result in saw
ing of about SIS. .000. .000ayear I'm
der the new arrangement the Santa
Fe will be the principal road carrying
passenger traffic from Chicago to
Los Angeles, the Chicago and North
western, Union Pacific and Southern
Pacific to San Francisco. the Burling-
ton and Northern Pacific to Portland,
Or, and the Chicago. Milwaukee and
st. Paul to Seattle. Fast trains will
make the trip to all four Pacific
Coast terminals in 72 hours and sec
ondary trains in rs hours. Extra
fares will be eliminated.
The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1918-06-01
NEVADA PRESS COMMENT


Tonopah Times: Nearly everybody
can give. offhand. some good reason
why Germany ought to be licked.
There are plenty of reasons. But
there's one fundamental reason that
some Americans haven't yet got
clearly in mind. 1t was we'll ex-
pressed by Major General j. Franklin
Bell in a speech in New York the
other day:
Nothing on the face of the earth
but unconditional surrender will con-
vince the German of to-day that he
is not only unable but unfit to domi-
nate the earth. He has got to be
conquered; he has got to be brought
to his knees as suppliant for mercy.
Otherwise he will claim that he has
been successful, and there is no tell
ing what the result will be-"
That's gospel truth. We have
been misled more or less by words
and names. 1t isn't the Kaiser
we're fighting. It's the German ma
ton. That nation has as yet shown
no sign of repentance. no conscious
ness of crime. no suspicion that it is
not a race of super-men.
What we are fighting for is to
knock the idea of superiority out of
the head of the average German.
The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1918-06-01

Albert B. Karns has been appoint
ed postmaster at Carson by Presi
dent Wilson and his name has gone
to the Senate for confirmation. Fol
the past six years Karns has beer
chief deputy in the Office of the Uni
ted States Marshal and in taking th'
civil service examination for post
master ranked highest in class o
nine.
The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1918-06-01
Nevada State News

The miners on the Comstock have
been granted an increase Of wages.
making the rate S. per day.
The entire business section of Cali
ente, Nevada. railroad and mining
town in the southern portion of Ne
vada, was nearly wiped out by fire
early Friday morning.
The Silver Peak Railroad Company
has applied to the State Railroad
Commission for permission to lift its
19 miles of track in Esmeralda Coun-
ty. The request was denied for 20
days. during which the application
will be investigated by the commits
sion.
Stephen Racko, an Austrian. who
was shot by Don Cole in Las Vegas
a few days ago, has died as result
of his injuries. Racko is said to have
attacked Cole with a butcher knife.
Cole surrendered after the shooting
and is being held for a preliminary
hearing.
Ranchers in the vicinity of Yering-
ton are predicting a shortage of po-
tatoes this year as most of the fields
formerly planted in potatoes have
been planted with grain. High
prices for potatoes are predicted.
Big crops of wheat and alfalfa will
be harvested this year.
A. Grant Miller, twice the candi-
date of the Socialist party for United
States Senator. has announced that
he is considering seeking the Repub-
lican nomination for that Office this
year and added that he probably
would make a definite announcement
within the next two weeks.
Clarence D. Van Duzer. for two
terms representative of Nevada in
the lower House of Congress. but
who has since been residing in the
East. has come into his own through
fortunate investment in oil lands.
Ia subscribing for hi third Liberty
Loan bonds he did not forget Nevada.
creditlng $500 worth to Humboldt
County. where he was district attor-
ney before becoming Congressman.
The city councils of Reno and
Sparks and the county liquor board
will probably be asked to close the
saloons between IL o'clock Saturday
night and 6 O'Clock Monday morning.
from June Is to October 1, according
to members of the executive commit
tee of the Washoe County Council of
Defense. This action. if taken. will
be at the request of the stockmen
and ranchers of the county and will
be in compliance with the resolutions
passed by that section at the recent
War Conference.
The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1918-06-01

The motorist may take hint from
steam boiler engineers by mixing a
little glycerine with the cooling
water to prevent the formulation of
scale, in which capacity it is said to
be very efficacious. The glycerine
should be used in proportions of half
a pint to each five gallons of water.
The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1918-06-01
SUNDAY SALOON CLOSING
FAILS OF APPROVAL
Wage Schedule for Farm Labor
Deemed Inadvisable by
Various Committees

Joint committees appointed by the
farmers and stockgrowers' section of
the war conference recently held In
Reno and the union labor section
have decided it inadvisable. at this
time, to make any wage schedule for
farm labor in Nevada and do not con-
slider that the liquor question should
be taken up at this time.
The letter of the committees.
signed by Jay H. Clemons. c. H.
Duborg and John w. Brooks, is as
follows:
"A committee appointed by the
farmers and live stock producers to
meet like committee from the Ia
Dor unions to work in conjunction
with the State Council of Defense 10
any matter that will assist the pro-
ducers in obtaining sufficient labor
to harvest their crops and care for
their live stock, has taken up in de-
tail the resolutions passed by the
farmers and live stock men in con-
ference held in Reno May II. 1918,
and wish to make the following re-
port:
'First-That the plan of county
organization and distribution of farm
labor is approved.
"Second-We do not consider it
advisable at this time to make any
schedule for farm labor through
out the State of Nevada.
''Third-We think it impracticable
to enforce the owners. proprietors
or managers of hotels. lodging houses
and saloons. to report daily the names
of all men frequenting their places
during working day hours.
"Fourth-We do not consider that
the liquor question should be taken
up at this time. only in such farm
communities where it is found to be
absolutely detrimental to the har-
yesting of crops.
.Fifth-We approve of sections
five, six and seven of the resolutions
as passed by the conference referred
to-"
Section four, which the committees
declined to endorse. reads:
Resolved. That thecounty councils
of defense in each agricultural coun-
ty be requested to consider as a war
measure the proposition of securing
the closing of saloons between the
hours of IL o'clock midnight on each
Saturday night until 6 o'clock the
following Monday morning between
June Is and October l."
Sections five, six and seven. ap-
proved, are as follows:
Section 5. That no able-bodied
man be sentenced for vagrancy until
he has refused an opportunity for
legitimate work; but that such law
be strictly applied to all able-bodied
loafers. idlers and FOUNDERS regard
less of other distinctions.
Section 6. That the State and
county councils of defense be charged
with the duty of securing the re-
quired action by county and munich
pal officials to put this plan into eff
feet.
Section That the State council
of defense be requested to take such
further action as it may deem neces-
sary to make effective the recon-
mendations contained in this report"
The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1918-06-01

Subscribe for the SENTINEL.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1918-10-17
--.{e,; BUYIIBERTY BONDS N%
Anent "Killing Jiu- Jitsu."

"Get your man before he gets you. 1t
make no difference how you get him so
long as you put him out of business"
That is the working principle of kill
ing iiu iitsu." which has been instituted
as part of the military course of instruc-
ton of the war department commission
on Training Camp Activities. Employed
by the Japanese during the Russian war,
killing jiu iitsu" is. to be taught every
American soldier as soon az the teach
ing organization is completed and ex-
tended to all the environments and army
posts. The training camp commission
has assigned number of experts in jiu
iitsu to several camps and additional in
structors to be appointed soon.
If you are stronger than your oppo-
nent SO much the better if you know jim
jitsu," explained one of the training camp
commissions instructors IF YOU are
weak physically you may overcome a
giant if you know the tricks 1t is the
exercise of surprise. In iiu jitsu any sort
of blow is considered fair. The Who'll
idea is to go and get your man before
he gets YOU
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1918-10-17
DADCNSGy[N|hE|
QA|QY TAl[
SNOBBISH TURTLE,
s. NAQN @Agkl1eQNeR

"Well," said the turtle, as he looked
about him, this flower show seems to
be all right. l won't say too much
about it, for it wouldn't do to praise it
up too highly until I. was here long
enough to know that ] was speaking
truly about it.
But think it must be good flower
show and only one where fine flowers
are shown, as well as fine vegetable
gardens are exhibited, for my master
would certainly never let me come to
common show. No indeed''
So the turtle talked to himself. Now
the turtles name was Percy, and he
was very valuable turtle. He was
in beautiful garden-not a real out
of-doors garden, but the kind of sam
pie garden which they have at a flower
show.
They have samples of everything
| which have to do with flowers at a
| flower show For instance, there are
| little gardens, laid 'out with flower
| beds, paths, fountains, just as they
would be in really big gardens.
| There are simple gardens, and elab-
crate gardens, and samples of trees,
shrubs and all sorts of flowers.
Now Percy was in very fine sam
| pie garden. 1t had paths, and rocks
behind which water ran. And it had
beautiful beds of flowers and sun.
dial.
81 believe" said Percy, the turtle
to himself, that am becoming bored
smooth paths, these flowers, this wa
ter and these rocks. Even the sun
dial is annoying to me. I would like
to have a change"
SO as Percy thought about chang
he decided he would see what he coult
do about having one.
'T'll start off at once" he said, ant
off he wandered. He went along
: part of the building where there wer
, not many people. For the flower shoy
| was being held in a great building.
He saw a garden of vegetables an
said to himself: This will be a grea
change, and that is what / need
, change of air and scene"
p OF course he was right in one wa
? and wrong in another, for the air i
: the building where the flower sho'
a was being held was about the sam
where the flower gardens We're an
where the vegetable gardens were.
But he was right in one way, it
true, for he had been living in fiowt
garden and this was a vegetable ga
: den.
How do you do, plants?" he sal
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1918-10-17
Little Benny's
Note Book
By LEE PAPE

Company B had a parade yestidday,
General Skinny Martin and the rest of
us officers marching in frunt ard Private
Persey Viewer marching in the reer all
by himself, being the ony private, and all
of a suddin kaptin Sam Cross looked err
round, saying Hay, look wat our privates
doing
And us officers all looked erround and
wat was Persey doing but setting on the
cerb about half block back, proving
us officers had jest bin wawking by our
selves vile we thawt we was leeding a
perrade. And we all went back to ware
Persey was, Genrel Skinny Martin say
ing, Hay, good mite. G WIZ, don't you
know you're spelling this parade? ! com
mand you to get up and martch.
I've resigned, sed Private Viewer
The doose you have, sed Genrel Mar
tin.
The heck you have, sed the rest of US
officers.
/ amt going to be the ony private.
I've resigned, and I'm going TO stay re-
signed till I'm a officer sed Persey.
Men, let's have a consultation. sed
Genrel Skinny Martin. WITCH us officers
went off a little ways and started to do
Kernel Pubs Simkins saying, G WIZ
gosh, heck, if we make him a officer there
wont be enything but officers in the
/ compinny, and that's agenst the law.
There awt to be at leest one private in
every compinny, sed Lootenant Leroy
Shooster.
| tell you wat, lets jest make him a
sargent, sed Lootenant Ed. Wernick
Being fine ideer. and we all went back
to ware Persey was still setting on the
eerb, Genrel Skinny Martin holding one
hand up in the air and saying, Private
Viewer, heerby thusly promote you K
a sargent. all sargents wawk in the reer
And Compinny B started to martcf
agen, Persey still wawking by himsel
back in the reer, looking as if he nit,
resign agen soon.