davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-03-01
Railroad Earnings

Combined operating revenues Of 1856
roads reporting to the Interstate Com
mercc Commission aggregated $2SS,
lo3 .445 in December last, compared with
s267, SAT $50 in the corresponding month
of 1916. Operating expenses for the
month totalled $21780o,210, compared
with s1S2,116,o75 in December 1916
Railway operating income amounted to
s51 o33,S44. against s72.Se4 o67 in De
cember, 1916. For the full twelve
months of 1917 combined railway opcr-
ating revenues of these roads amounted
to So 3,492, 6,961. against S., 5,144.432. .321
in 1916; operating expenses, $2.477,,
as So, against S2.05S,S 500 .265 in 1916;
railway operating income, SS3o. o.315.145,
against $947. .S07. .19S in 1916. The oper-
ating revenue per mile IN 1917 was
$4,346, against $4,97G in 1916.
New-York tribune., 1918-03-01
Standard Oil Of
California Makes
Gain in Output
Net Earnings for 1917 Show
Drop, Owing to Big
War Taxes

The Standard Oil Company Of Cali
fornia reported yesterday for 1917 net
earnings of $1S,649,6 $50, equal to S1s.77
a share on 500, ,373,311 outstanding cap
ital stock, compared with S23.62 a share
earned on $7l.529.9S3 capital stock in
1916. Last years net earnings, the
report stated, vera after deduction
charges of S5,9S7,326 and Federal taxes
estimated at S5,83O11G.
During 1917 the company drilled and
completed 12O wells. 1t added to it's
holdings by purchase and lease 1896
acres of developed properties, which at
the time of purchase were producing
about 1000 barrels a day, and which
has since been increased to 5000 bar
feis day. Gross production OF crude
on last year amounted to 1926. .5SS
barrels, compared with 14,177124 bar
rels in 1916.
New-York tribune., 1918-03-01

Because it is the first report issued
since the railroads were taken over
by the government the Pennsylvania
Railroads statement for the month
of January is of unusual interest
The showing was so bad that it
would undoubtedly have a serious
effect upon the stock market II rail-
road earnings reports were market
factor, which they are not, and VIII
not be as long as the government re-
tains control. The Pennsylvania sys-
tenn sustained an abnormally heavy
decrease in earnings, while expenses
expanded even more rapidly than IN
preceding months. The result was a
deficit of S5,940,S47. Undoubtedly
much of this decrease was due to
paralyzation resulting from the eX-
thaordinarily severe weather encoun-
tared IN that month.
New-York tribune., 1918-03-01
Lackawanna Steel in
1917 Earned Over
$19,O0O,OO0 Net
Balance After Tax Deduc-
tions Was Equal to
$45.S9 a Share

The Lackawanna Steel Company dur
ing 1917 rolled UP net earnings Of
$19,793,917, an increase of S3,703,0 ,059
over the previous year. This figure,
the annual report points out, repre-
sents what remained after all taxes,
including excess profits taxes and
other expenses, except renewal exper
ditures and other appropriations for
the year were deducted.
The balance available for dividends
last year amounted to $l6.106,976, equal
to $45S9 a share on the company's
$35,096,500 outstanding stock, COM
pared with S3431 share earned in
1915. Untitled orders on the company's
books on December 81, last. totalled
73l ,526 tons, compared with 81 ,126
tons shown at the close of the previous
year.
New-York tribune., 1918-03-01
Recommend s p. G.
Dividend on Pitts.
Coal Common
Company ard Subsidiaries
Earned $1A,O76,S
in 1917

PITTSBURGH, Feb. 28.--Unanimous
accommodation that dividend of s
per cent upon the common stock OF
the company be paid out of the earn
ings of 1917 was made by the executive
committee Of the board of directors OF
the Pittsburgh Coal Company at a
meeting held here to-day. The recon-
mendation will como before the full
board Of directors at a meeting to be
held March 13. If approved. it was
announced the dividend would be paid
in amounts OF Il per cent. on April
25, july 25, October 20 and January
25 1919
The net earnings of the company, in
cluding, all subsidiaries, was an
nounccd in report for the year Of
1917, made public by the executive
committee, as $14, ,O76,S52. Gross re-
ceipts were SCOOPS, ,017.02.
New-York tribune., 1918-03-01
Paraguay Pays It's Interest
South American Republic De-
faulted on Bonds Year Ago

The South American republic of
Paraguay has resumed the payment Of
interest on it's external debt. Informa-
ton 10 this effect has been received by
the Council of Foreign Bondholders Of
London. A remittance of g2,945 has just
been forwarded to London from Para
quay, representing the first monthly
payment. Paraguay fell into de
fault January. 1917, much to the
surprise of the bondholders, since
the amount required to meet the
coupon was relatively small. The
amount of bonds outstanding, pract-
caly all of which are held il England.
is e7l4,OO0 which bear per cent inter
est There is now in arrears about
e32, 900. The sinking fund payments
have been suspended since January,
1913.
New-York tribune., 1918-03-01
Current

The above rates express The cost Of
foreign money in terms Of the Amcri-
can dollar. You buy an English pound
sterling at say, s4,75l's. The intrinsic
parity is $4.SG3s per pound. Thus you
say either that pounds are at discount
or that dollars ere at a premium, which
is owing to The fac. rnac 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., 1918-03-01
The Dollar in Foreign Exchange

Exchange moved sharply against
Italy yesterday, the lire rate falling to
SO for sight drafts, the lowest in
several weeks. Offerings of lire bills
were substantially heavier Exchange
on Holland continued to display
strength. The rest of the market
showed no important changes:
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., 1918-03-01
No Dividend Action
Taken as Yet by
St. Paul Directors
Board Awaiting Outcoms
Of Pending Railroad
Legislation

H. f. Byram, president of the Chi
cago, Milwaukee & ST. Paul Railway
Company, after the regular monthly
meeting of the directors yesterday an
nounced that no action had been taken
with respect to the declaration Of
quarterly dividends on either the pre-
ferred or common stock. His state
ment differed from that made by him
a month ago, in which he said that
'dlvldcnd action had been deferred. y
While Nh. Byram declined to go into
any explanation of the reasons why
mo action" was taken at yeste rday' S
meeting, it was learned from a mem
Der Of the board that it was definitely
decided not to consider the question
of dividends until the pending railroad
bill had been passed by both houses
of Congress. Therefore it is not to be
assumed according to The Tribunc's
informant. that eithcr the preferred
or common dividend has been passed" ,"
despite tho fact that such declarations
have heretofore been made in. Febru-
airy, payable on March L.
Big Drop in 1917 Income
Wall Streets deduction was that the
directors are awaiting definite figures
on the governments tabulation of the
average met railway operating in
come" for the three year period ended
June 80, 1917. From the con- pany's own
reports, this average amounts to S27-
1891. sufficient to meet all dividend
requirements for ono year at the cur
rent rate, with slight margin re
naming. For the calendar year 1911
however, tho preferred dividend was
barely earned, according to a statcme Mt
made by President Byram following
the directors meeting on February /.
FOR the twelve months ended De
cember 81 the company reported gross
revenues Of Sll3. 739, ,202, an increase
Of S3.129.513, while the wears opcrat-
ing income Of S22.026,026 was $685.
1872 less than that in 1916
Shares Hold Fairly Stroug
Announcement that no dividend ac-
ton had boon taken at Yesterday
meeting came after tho close of the
stock market. Both the preferred and
common shares were strong throughout
the session, a reaction at the close not
being sufficient to wipe out the earlier
Ealf'S. ne common closed at 10 4, OF
= points higher, and the last sale OF
tho preferred was at II, a net advance
of half 4 point.
Mr.. Byram said that conditions in
the ST. Paul's territory had shown
marked Improvement since his last triT
to New York, early last month This
he pointed out, had been reflected il
froer movement Of cars and heavier
shipments Of corn to the large Western
terminals, who're the danger of injury
because Of weather. conditions in the
country districts had been greatly
minimi2cd.
New-York tribune., 1918-03-01
American Sumatra's Earnings Big

Some justification was found yester-
day for the recent sensational Use in
American Sumatra shares by publlca-
ton of the company's report for the
siX months ended January 81, showing
$1l.45 a share earned on the $6,813,300
common stock in that period. In the
report the company called attention TO
the fact that the major portion of its
1917 crop, although sold by contract,
because the tobacco is in process of
curing and packing in the company s
warehouses. BY July 81 next, the cnd
OF the fiscal year, the greater portion
Of the crop will be billed in accordance
with contracts
New-York tribune., 1918-03-01
Exchange Ruling Puzzles

Further discussion in brokerage cir
cles yesterday of the Stock Exchange
ruling intended to prevent the circula-
ton Of harmful rumors that might ar
tifcially affect the course of stock mar
ket prices was that the suggestion for
such action had come from Washing
ton. The best information regarding
the action of the exchange was to the
effect that Washington had particularly
in mind rumors relating to army move
ments and sinkings by mines and sub
marines.
New-York tribune., 1918-03-01

Relevant Comment
Schwab's Remarks Cause Selling

Bethlehem "B" shares were subjected
TO considerable selling pressure yester-
day, following the statement of Charles
NJ Schwab at dinner Wednesda
night that the company's profits on its
gross business were going to be cut
down from 9 per cent in 1917 to
per cent or II per cent this year
Nearly $4,000 shares changed hands
with the low price of the day, rs is
being recorded on the tape at the close
This was a net decline Of IS points
New-York tribune., 1918-03-01
Money and Credit

Frnncss characterized the dealings
III call money yesterday, most Of the
loans at the Stock Exchange being
placed at 5 Il per cent, compared with
) on Wednesday.
There was no change in the position
Of the market for fixed date funds, rates
holding steady.
Ruling rates for money yesterday.
compared with year ago, were as fol-
lows:
New-York tribune., 1918-03-01

Considering the heavy losses in
working forces Through enlistment
and the draft. and the general COM
plant of labor shortage, the forces
OF industrial establishments are re-
markably we'll maintained-probably
at the expense of our farmers. Re-
ports to the Federal Bureau of Labor
statistics show that five of the thir-
teen industries from which returns
were received mad larger working
forces last December than in the
corresponding month a year before.
The increase amounted to nearly 16
per cent for the mems ready-made
clothing trade and was rather more
than 5 per cent in the iron and steel
trade. 1t is significant, moreover,
that ten Of the thirteen industries
succeeded in increasing their forces
in December, as compared with the
number on the payrolls a month be-
fore. while losses in each of the three
industries whose forces were reduced
amounted to only fraction Of ]
per cent. 1t is interesting to note
that wage payments were somewhat
reduced in one or two industries, but
in most cases, even where a reduc-
ton in the number of employees was
reported, the payroll was larger. No
change in the sapidity of the general
advance of wages can be found in
these figures.
New-York tribune., 1918-03-01
Corn Products Report Out To-day

The annual report Of the Corn Prod
ucts Refining Company viii probably
be issued to-day. Earnings available
for the $49,777333 common stock are
expected to equal about 90 per cent on
that issue, compared with per cent
earned in 1910. The final figures may
show that the last quarters earnings
we're better than for the previous quar-
ters, as the company during the nine
months period earned at an annual
rate OF about 10 per cent on the junior
sharcs. The common stock was par
selling up to 35$l and closing at 50 A1s
net gain Of = points.
New-York tribune., 1918-03-01

Stocks displayed a greater ten
dency toward irregularlty yesterday,
but the movement was not considered
particularly significant nor express
sivo of Wall Street sentiment, owing
to the professional character of the
bulk of the dealings. The turnover
of business was somewhat less than
the preceding day, and while many
of the industrial specialties showed
losses Of q point or SO at the end Of
the session the more representative
issues, like Steel common and the
rails, left off with only fractional
changes. 1t was quite evident that
the trading element was waiting for
q fresh stimulus to activity, while
the outside public showed no more
disposition to participate in the deal
ings than it has for some time past.
The days news was apparently not
q factor in influencing price move
ments at the exchange. The market
now seems to have reached a stage
that is producing increasing caution
among traders, owing to their ina
bility to determine whether the rise
tAat has extended from the first of
the year is to continue further. The
majority of stocks now show rccov-
cries of IS to 90 points from the low
levels reached on the December de
cline.
New-York tribune., 1918-03-01
Dividends
Extras

Extras
Interlake Steamship Company.--An
extra dividend of 2 per cent has been
declared, in addition to the regular
quarterly dividend Of ? per cent, both
payable April l to stockholders of rec
ord March 20.
New-York tribune., 1918-03-01

Soutn Ienn Oh tompany.-Net earn
lngs for the year ended December 81
last were $6,l07.123, compared witt
T4,Tl9.0S9 for 1916. Dividends amount
ca to @4,c0o,oo the same as in 1916
Surplus was S2,107, 1923, compared witt
$745,0S9 for the previous year.
stern Brothers. -- The company re-
ports total income for the wear endef
january 81. 1913. OF STOP All, compared
with $9ls,1CS for the previous year
Net profits amounted to S4O0,6G3, com
pared with S537 ,6l3 for a year ago
surplus was S3G5,S73. compared witt
S537, ,5l3 for the previous year.
United Gas Improvement Company
Prellmlnary report for the year ended
December 81 last shows total income OF
Ss.loo'144, compared with 50 440,55 fol
l9lo. Net income was S5,9l5,505, com
parcd with S7'269,33l the year before
Dividends amounted to S4.5S2. 1855. com.
pared with S4,44O ,236 for the nrevions
year. Surplus was Sl,332. $50. com.
pared with 81 1926, ,095 for 1916.
Aurora, Elgin & Chicago Railroad
! ne company reports gross earnings
lor the year ended December 81 last
OF T2,1sl ,SfS, compared with S2,056,3 1862
for 1916. Net earnings amounted tr
me previous year. Surplus was S9S.-
2'I, compared with $l72,5S3 for ycal
ago.
Imperial Tobacco Company. The an.
rual report for the year ended Oc-
tcocr 81 last shows net trading profit
OF a3,o38,539, compared with SO 912 .6S5
Tor the previous year. Balance amount.
ed to 81 ,4SS,539, compared with s2,3lO.-
$335 for 1916. Dividends and customers
bonus were 60 ,239 $50, compared with
-, ,2o-i ,o34 for year ago. Surplus was
1z49,0Oi, compared with G75, sol for
1916.
Penn Seaboard Steel Corporations
Net earnings Tor the year ended De
cember 81, 1917, show Sl045 .021
Gross sales amounted to S1O.5l4. .49T
Dividends were $240,000
1918 1917
January gross. Sl23.4OH $3I7,0le
4Net '...'.''.''. iSe,S0, li0. 705
surplus '.-.'..'.' lOb,3So Gi,9Ql
Alabama Power Company
1918 1qf7
January gross 49,. $2o5,322 >l5s.52s
y months gross. 2.liS,952 l.596'oSS
Net ............. 1,3l1. 196 9SS.6T5
Aurora. Elen & Chicago r. r. Company
1917 folc
pccember gross SlS6,o9l $l76.57l
t's'., tssn ''''..'' 4d,3-e 53.3ls
"u' pi"s t''.'''''' -'"p- 1896
Chicago. indianapolis & Louisville
III, 1915
december gross $,ep,23t $705,3l5
Nc0 ~ '......' iS5'5ol 80 S7S
~ "'oh'h9 gross 2'i1l,S l,S@S S.200,275
.>e' .'''.' -'o'''oe" 2,So5.670
Northern ON" traction y Light Company
1919 1917
January January Eross 99i- 80 $i90.3S0
N'l . ''.'..''''' !. go 207 .62S
H"rp'"s ',''''''' to''S 1880
Maine Central
,9lS 19l7
}anuary nay EroSa''.' $a2l. 81 Sg4t.o47
Ae"e'e ',''''''' @oV' o'o 1929
Buffalo, Rochester g. Pittsburgh
1918 1917
January gross S .0Si.Ttl 81 .Os5 ooo
Deficit after taNes 1854 l67SSo
New-York tribune., 1918-03-01

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., 1918-03-01
Yesterday. Ycarann.

Commercial Paper.-~Brokers contin-
ucd to quote 5is to G per cent for the
best regular maturities.
Discount Ratcs.-OHic.al rates OF
discount for eacn Of the twelve Fed.
cral districts arc as follows:
New-York tribune., 1918-03-01
n. Y. Air Brake
Ready to Work
On u. S. Contracts
Company's Earnings Fall
Of With Completion of
Foreign Orders

Earnings Of the New York Air Brake
Company fell sharply in 1917. Accord
ing TO the annual report issued yester-
Gay, they amounted to S1,S93,825. COM
pared with @S,214,962 in 1916. This was
equivalent to 1898 per cent earned on
the $1o,000,O00 capital stock outstand-
ing. compared with S215 the preceding
year. Gross business of the company
aggregated $1o157, ,o37, compared with
$24,015,103.
In explaining the heavy decrease in
earnings c. A. starbuck, president of
the company, said that the corporation
completed its large British and French
government war contracts for shell
cases and other munitions in January,
1917. Between the completion Of those
contracts and the receipt Of the orders
from the United States government for
gun carriages and other war materials
in November nine months elapsed, so
that it was not until toward the close
of the year that the profits from the
latter contracts began to be reflected
in the earning figures.
New Plants Completed
The company row has on hand NUM-
ton orders for the United States gov
crnment TO value of over $500 900.
Contracts for air brakes amount to ap-
proNmately S600O,o 600 Of the muni-
ton contracts some OF them run into
1920. The company has just completed
several new buildings ON its property
at Watertown, n. Y. I nc government
will retain ownership OF the gun shop.
while the other munton buildings
will revert to the company after the
completion Of the contracts At the
present time the company has $500
men at work in its plant. This number
will be increased to 1000 by April t
The report calls attention to the fact
that the company has made material
advances in the price of air brakes,
which Went into effect January | last
What Income Account Showed
The consolidated income account
shows manufacturing, labor and ma
terial costs and factory expense Of
S7.792. .145 in 1917. Income and muni-
ton taxes covering business in 1916
amounted TO S1,09O,350. Dividends de
olared out Of the 1915 surplus aggrc-
gated 81 936.980 On December 81 last
the company had cash on hand of 81
02I956, compared with S4,s5S.319 at
the close of tho preceding year. The
United States government advanced tho
company last year S2.567.25O on account
of war contracts. The reserve for de-
probation was 81 .001 or.
In connection with thc recent action
Of the company in declaring dividends
at the regular annual rate of 20 per
cent MFR. Starbuck says that in view Of
the large amount of orders now on the
books and others in prospect the di-
,rectors were warranted in believing
that the company will be able to main
tain this rate.
New-York tribune., 1918-03-01

Bank of Germany-AMSTERDAM
Feb 28.-The statement of the I'm
perial German Bank issued February %
shows the following increases, in
New-York tribune., 1918-03-01
Dbys

sub-1rrasury. The banks lost s4,-
al 900 10 the Sub b-Trcasury yesterday
Gilyer.~~Bars in London were quoted
at 12Ad, unchanged; New York, s5Mc,
New-York tribune., 1918-03-01

Bank of ngland.-LONDON. Feb. 2S.
The weekly statement of the Bank OF
England shows a decrease of &SS1,431
in gold holdings, as compared with the
preceding week. The proportion of re-
serves to liabilities now stands at 1924
per cent, compared with 1902 last week
The statement, with the changes from
New-York tribune., 1918-03-01

unchangcd Mexican dollars. Csc, de-
crease of &c
New-York tribune., 1918-03-01

Bank Clearings.-The DAYS bank
clearings at New York and other
cities were:
New-York tribune., 1918-03-01
Corporation Returns

South Penn Oh Company earn
lAgs 1or the year ended December 81
last were $6,l07,1.233, compared witt
~ ,f49.OS9 for 1916. Dividends amount
Cd to %4,C00,0O0, the same as in 1916
surplus was $2,107,723, compared with
:. 1A9. .0A9 Tor tic nreNious vear
New-York tribune., 1918-03-01
Imperial Tobacco Company. al
Penn Seaboard Steel Corporation.

Net earnings for the year ended De
cember 81, 1917, show S1.O45. .02l.
Gross sales amounted to Sit, .49T.
Dividends were $24O.O0O.
America. [volume] (Cleveland, Ohio) 1905-current, 1918-08-10
SPIONAJUL CFA MAI PUTER-
MICA UNEALTA A KAISERULU|.
Documente seerete, pub|icate pentru prima data.
De: HERMAN BERNSTEIN
(Urmare.)
RUSH GERMANIZATI CA PROPA-
GANDINTI AL KALNERNIEI


campane sisteatica de Introduce inormat grese
h tara char avoru dictatorior in
ceputa Apologsti apaaor oshevilor
propaganda or In oc pedeze guveru
bohevlkst oul descreda pedeaz
guveui Sovietuor ncercnd pc popor
ru cea in aevar sovetue eprezna poporu rusesc
sVeurie constitute guvernl representative din tara.
Cva American al fost in Russia mAntnut relat
oshevk rentors pedeze penru idea
St rnnat Russia facindo prada usOara
german.
Spre marea Ruor isl tara uni dintre
Americana rup reatle Bohevik Bosh
wiki ogane or oficoase presa Soveturor denta
rica 81 atacat pc presedintele Statelor Unite.
Aces Amercani Mocova cind Sovieturle
la meagul Presedneu Wilson cxprma smpata pentru
poporul unanmitatc adopa umitoae 81 abuzva
lutte Ei MOcova cnd sovurior
tee Statelor Unite 81 ntule Pre-
or din Petrogad declaat puc resoua soveturo
a fost palma data Prcsedintclu Statelor Unite
ATTACH PIE WILSON.
in l6 Ianuare zarul Pacea Naunior oganl
uror sa Lcatorior Soldaor deputator tarani pubc
nemese pentru distrrea anseee germanc
asupra presedintelui Wilson.
vorbirea presedmtelui Wilson:
Aceasta poporului Dupa vedc
amas prostra far nc ator ata putere nuncoase
Gemanie ma 81 fndurae Pueea apa
ente guduta 81 totus suetu or suberv E
e in prncipu fc in actune Convngerea dr9p
onorab pentru acccpa spusa franc
poae vedea largma vederior lor generosatea spirit
patia univcrsaa umana tre stepe admiratia cau
zat compuna idealu Tor atu
Dupa aceia continue:
Aceste lea de curnd cetateanul Woodrow wilson
capul execntv al capitalization IS.
lYs uma)
America. [volume] (Cleveland, Ohio) 1905-current, 1918-08-10
AlIATII vICToRIoSI CTS
TIGA TEREN NOU.

.LONDRA, Aug. Q. - Trupele
engleze in avintul lor de fnaintarc
al ofensivei lor de pc frontal din
Picaalia, an avansat fata de vestc
in Flandra.
Progresul inceput de doua mile
pc un front de 8 mile dealungul
partii de sudvest a salientului din
Flandra, a fost raportat de oficiul
de razboi englez deodata ell captu-
rarea cinci safe.
Prin niste telegrame neofocioase
s'a westit capturarea Morlancour-
.tului >Si sosirea cavaleriei engleze
la junctiunea della Chaulnes. Acea-
sta representa- un nou cistig de 4
mile in decursul zilei de astazi 81
face ca patrundcrea aliatilor sa
trcaca della 8 mile la IL mile.