davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-05-19
Japanese Shipbuilding
Industry Is Active

According to the Japanese Gazette"
seventy-two merchant vessels were
built in Japan under the shipbuildng
encouragement law during the fiscal
year ending March 81, with an aggre-
gate of 332,617 tons. OF this number
thirteen vessels, representing over 3d.
900 tons. have been sold to the entente
powers, leaving 50 vessels of over
250,000 tons. The department of COM
munications estimated that vessels
built during the fiscal year would
amount to little over 100000 tons,
and appropriated $3.50, 900 yen ($3,250,-
0o0) as o grant in aid in accordance
with the shipbuilding encouragement
law. AS thirteen vssels, representing
$4,000 tons, were sold to Japan's allies,
the authorities paid 100000 yen iS2,-
740,000) as q subsidy to the various
shipbuilding companies for the So yes
sells, aggregating 250D00 tons.
New-York tribune., 1918-05-19
Money and Credit

Loans and discounts Of the local
banks contracted s1s,2s5,ooo last week
to $4,57s,42s,ooo. according to yester-
days Clearing House statement, while
surplus reserves decreased $40, ,s9s, 600
to $46,is9,b4o. United States goyern-
ment deposits decreased about $1e,oo0,-
600, standing at s5l4,17s,ooo ,gat the
close Of the week.
The Federal Reserve Bank of New
York reported a decsessS Of approx
n,ately 100000 900 10 tbs gold settlement
fund. due to the movement Of funds to
New-York tribune., 1918-05-19
Relevant Comment
Marine Shares Mount Higher

International Mercantile Marine
shares yesterday continued the sem
sational advance begun Friday, follow
ing announcement by P. A. S. Franklin,
president of the company, that satis-
factory progress was being made in the
negotiations looking to the sale of the
British properties to an English fnan-
cial syndicate. The preferred stock,
which made gain of points in Fri
days trading, jumped 4 points higher
yesterday, and closed at 1885 for net
gain of 23s. The common, after selling
as high as 30%, ended the short ses-
sion at 3OM, up 1ss.
New-York tribune., 1918-05-19
Regular Declarations

Copper Range COmpany.-Quarterly divi-
dend of $1.50 per share, payable June 10 to
stockholders of record May %.
Lanston Monptype Machine Company
Quarterly dividend of " per cent, payable
May 81 to stockholders of record May Il.
Nash Motors Company.-Dividend of SIS
per share on the common stock. payable May
81 to stockholders of record May 90
Ogilvie Flour Mills Company.-Quarterly
dividend of 1a4 per cent on the preferred
stock, payable June / to stockholders OF rec
ord May %.
Republic Rubber Corporation.-Quarter
dividend of Ia per cent on the preferred
stock. payable June ! to stockholders of rec
ord May 20
United Paperboard Company.-Quartery
dividend of IA per cent on the preferred
stock, payable July Is to stockholders of rec
ord July l.
New-York tribune., 1918-05-19
Elections

Lewis E. Waring has been elected
vice president of the Wharton & North
ern Railroad, succeeding Harry F. Ems
ley, chief counsel for the company and
for the Wharton Steel Company. re-
signed. Mr.. Waring was also appointed
assistant to the president Of the Whar-
ton Steel Company.
c. A. Hunter, jr.. has been appointed
sales manager of the investment secu-
rites department Of J. B. Harris & Co.
New-York tribune., 1918-05-19
FINANCIAL MEETINGS
THE NEW YORK AND HARLEM
RAILROAD COMPANY

New York, N Y, April 22, 1919.
NOTICE is HEREBY GIVEN that the
Eighty eighth Annual Meeting Of THO
Stockholders OF The New York and Har.
Directors and the transaction of such
other business as may be brought before
the meeting, will be held At the office Of
the company, in Grand Central Terminal.
in the City of New York, on Tuesday. the
21st day Of May, 1918.
The Poll will be open At IL O'Clock Noon
after.
The Transfer Books will be closed ut >
o'clock P. M. on Wednesday. the 1st day
ing. Of Wednesday. the 22nd day of May.
DWIGHT w. pARDEE. Secretary.
New-York tribune., 1918-05-19
New York

Morgan, Truett & Co. Schedules
A schedule of the assets and liabilities
of Morgan, Truett g. Co., members Of
the Stock Exchange, filed in the United
States District Court. shows liabilities
of $360,641 and assets of $379,140. The
firm made an assignment on April 8
and was subsequently put in bank
ruptcy.
New-York tribune., 1918-05-19
News Digest
Foreign

Paris Bourse Dull.-PARIS, May 18.
on the Bourse was dull to-
day. The market was closed on Mon
day. Three per cent rentes were
quoted to-day at So francs for cash; ex-
change on London was quoted at 27
francs 16 centimes, and the per cent
loan at 81 francs 70 centimes.
New-York tribune., 1918-05-19

the interior reserve districts. Tho
statement of the local bank last week
showed decrease of approximately
s75,oOO,o0o in bills discounted and
bought, indicating less rediscounting on
the part Of member institutions.
The actual condition Of member
banks shown by the Clearing House
statement yesterday follows:
Loans, discounts, invest
,srnents, etc. ....... .$4,579. .42e, 900
Cash in vaults of Federal
Reserve members. ..... 1O4,79O. 900
Reserve in Federal Re-
serve banks. s........... 3o6,s15,ooo
Cash in vaults of state
banks and trust COM
panies ................ 16,35e,oo0
Reserve in repositories. 8,233.ooO
met demand deposits. -. $3.50, ,458, 900
Net time deposits. s........ 17O,918,OOO
Circulation .............. 36,7t2,0 600
Aggregate reserve. 531.5O4. 600
Excess reserve. .......... 46,199, $40
*United States deposits deducted
$514,178,00O.
The changes from week ago we're:
Loans and discounts Dec SIG, zoe, 900
Cash in vaults of Fed
eral Reserve mem
perS dec. 3,I5 600
Reserve in Federal Re-
serve banks. ......... Dec. 55,1 ,197, 900
Reserve in vaults of
state banks and trust
companies ...........Dec 100000
Reserve in repositories Inc. $4,000
Net demand deposits. Inc. 6,9eO,OOO
Net time deposits. Dec. 100000
Circulation -........... Inc. $1,000
Aggregate reserve. 80. Dec. 56,O45, 900
Excess reserve. dec. 1O,696,OOO
Bank Acceptances.-The market was
quiet yesterday and rates were un-
changed, as follows:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent. Per cent. Per cent.
E G Bile
m m ber
banks. :. .4A@4 4Is@4fs 44s@4A
E igible
ber banks4A@41s 4%@414 4%@4Is
Ineligible
bank bills.54@4s4 5l4@4s4 5I4@4a4
For delivery within thirty days:
Per cent.
Eligible member banks. ....... 4E2
Eligible non-1nember banks. -. 4sa
Ineligible bank bills. 6
Discount Rates.-The following table
gives the current rates of the twelve
Federal Reserye banks on commercial
New-York tribune., 1918-05-19
Dividends
Extras

T. H. Symington Company.-An ex-
ira dividend of per cent on account
of accumulated dividends on the pre-
ferred stock has been declared, in ad-
dition to the regular quarterly dividend
of per cent on the preferred stock,
both PAYABLE May 15
New-York tribune., 1918-05-19

1t is related that three blind men.
coming unexpectedly upon an ele-
phant, fell to quarrelling as to what
II was. One grasped leg, and de-
clared 1T was tree; the second
selzed its tail, and stoutly main
tanned that it was only stick. and
the third, feeling its trunk, as
serted it was snake. Wall Street
observers are like the blind men and
the elephant in that they are hope
lessly at variance as to the causes of
the splurge in the stock market. One
maintains that it is victory" mar
ket; another that people all at once
discovered that prices and values
were out Of line, and promptly be-
gan to 'rectify the discrepancy by
buying stocks; and still another that
the market was Engineered" by big
interests for reasons undisclosed.
but presumably for the purpose of
unloading stocks at higher prices,
only to .repurchase them at lower
levels later on.
Which of these opinions, if any, is
the right one. we do not pretend to
know; but it may be that all the
things mentioned played part in
the rapid creation of speculative
position larger than any existing
since the process of market defation
began toward the end of 1916. Prob
ably the movement had it's inception
IN concerted buying by important
financial interests; certainly it was
no spontaneous development. 1t is
regarded as significant that the
banks, which had been restricting
stock loans, for some reason appar-
emily threw off restrictions and let
the market have all the money it
needed. And when that happened
the market was in a position where
comparatively little real buying
exerted a controlling influence on
prices, owing to the remarkably
strong technical position that had
been built up. Once started, the
victory" idea no doubt helped ma
terially in giving the movement fur
ther impetus, and it, is also certain
that realization that values were out
of line with prices contributed to
the advances in some cases. These
factors, however, in the main were
responsible only for the initial i'm
pulses of what appeared in the be-
ginning to be a moderate and we'll
justified advance, but which expand
ed with incredible swiftness into an
orgy Of speculation The thing was
carried to absurd lengths until
Thursday. Stocks were put up rap
idly, under pool operations, on the
widest rumors. One issue advanced
Is points on reports of a merger
that were quickly denied, and held
nearly half of the gain. Another
made an advance nearly as sensa-
tional for no particular reason other
than that traders were willing to
buy anything that showed signs of
moving. And some issues that
might have consistently enjoyed an
advance on real merit We're almost
neglected.
The rise in the last three weeks
has brought the average of thirty
representative industrial stocks up
to within five points of the, level at
which it stood a year ago. That is
a remarkable recovery when it is
considered that meanwhile all the
corporations have been subjected to
enormous tax levies, and many of
them to price fixing and other regu7
lations undreamed Of when we en-
tered the war. The extent of the
gains from the low prices of. 1917
and from the prices prevailing on
April 81 are shown in the following
table: .S'
New-York tribune., 1918-05-19

Poulsen Wireless.-The corporation
has called for payment at 10 and ac-
crued interest until July their 5 per
cent bonds, due 1850, amounting to
$500, 900, according to an announcement
made yesterday by Mcdonnell & Co.
New-York tribune., 1918-05-19
The Dollar in Foreign Exchange

for Dutch and Swiss ex-
change in this market continued to ex-
ceed the supply last week, with the
result that rates for bills drawn on
these countries rose in striking man.
ner and were established at new high
records for the war period. Dutch
guilders sold to 81 cents toward the
end of the week, which compared with
481s cents a week ago. The normal
exchange value of the guilder is 40.2
cents. The rate on Switzerland went
to the equivalent of 1856 francs to the
dollar, establishing the value of the
Swiss franc at approximately 26 cents,
compared with par exchange value
of 1913 cents.
Foreign exchange bankers said that
the rising strength of exchange on
Holland was due partly to operations
in the market for the account of the
American Red Cross. The available
supply of guilders here has been much
reduced by the falling off of American
exports to Holland, and as "a result
any slight increase in the demand for
guilder exchange tends to advance the
rate sharply.*eAt the same time it must
be remembered that the rate for guild
ers here is. following the rate in Lon
day, where" much broader and more
important market exists for Dutch
exchange. The decline in Swiss ex-
change is due to similar influences
although day to day dealings in Swiss
francs in this market are comparatively
small.
j. Italian exchange rates hardened
somewhat last week on the announce
ment that the United States had ad-
vanced another $l0O,000,O00 credit to
italy. Lire eased off again later, how
ever, and closed around 9.o3. Exchange
on London and Paris has ruled steady.
An interesting development during
the week was the completion of ar
raneements between the United States
and the Greek government for the ad-
vance to the latter of 100000, 900
franc credit to be used as basis for
currency circulation in Greece.
+. II you calculate the cost Of the dol
lar in terms OF foreign money at par
New-York tribune., 1918-05-19

invoice and declared to in the proper
form will be strictly enforced in re-
spect to all shipments of goods to
Australia dutiable at ad valorem rates
invoiced after June 80 next.
New-York tribune., 1918-05-19
Wealth Markets 90 X

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., 1918-05-19

1t will be noted that substantial
part of the recovery has come in the
last three weeks. The advance has
been even more precipitate than the
decline. That is why SO many brok-
ers say that the market has been
going too fast. r
New-York tribune., 1918-05-19

Australian Trade Rules.-The official
representative in New York of the
Department of Trade and Customs of
the Commonwealth of Australia an
nounced yesterday that he has received
word from the Controller General Of
Customs for Australia to the effect
that compliance with the order requir-
ing the domestic Omitted States of
America) value of the goods at the
date of invoice to be shown on the
New-York tribune., 1918-05-19

The above rates express the cost Of
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling at, say, $4.75ss. The intrinsic
parity is $4.S65s per pound. Thus you
say either that pounds are at discount
or that dollars are at premium, which
is owing to the fact that 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., 1918-05-19
Federal Reserve Banks

WASHINGTON. May 18A pronounced qndaing
oped Federal
Gold in
cold settlement fund 4a8337000 437A44O00
e0d with foreign agencies 5250Oo00
Total gold held $e50366000 S97o524oW
Gold with Federal $s8502700o
oold redemption 275S400O
Total gold sss44o4ooo s,sss 1885 900
Total ss52712oo 100000
Bill. discounted 93eN41Ooc
Bills bought in 279886O00 286O360oo
bills on hand $1,122,151ooo s1,225o77ooo
United
United States
All other earning 1844oo0
earning assets ....... s237727ooo s1s7s7eeooo
que from Federal 18s20oo 6,494ooo
oncoected items
Total deductions S3925o9OOO
Five redem fund against Fed.
- era Reserve $4,000 100000
All other resources
To" resources $s57a555ooo $a7724e5ooo
LIABILITIES
Capital paid in.............. s75,s16ooo s7511eooo
Surplus 1,134ooo 1,134OoO
Government deposits 48753O00 13852eOO0
Due 461138oO0 154e137ooo
Collection ms ........,.... 282,475OOO 3oo773 600
oer deposits including form govt credits 114596Oo
Total e06 eeo o0o 90 1o7 oso ~
Federal
Federal Reserve Bank notes in circulat ~ 'No0
Al, afS ber rapi,5y ph;it 100000
~ ~ ''''':''''''''''''''''' 12,821,0oo 11,e97oo0
10'ai liabilities ss57a,855coo ss7724ss 900
; s,6 OF sG reserves to net de os Federal
pei cehI week Deore
al4 OF total reserves to net lab
oo.A per week
New-York tribune., 1918-05-19

Sub-Treasury.-The banks lost to the
SubTreasury yesterday $4,000.
Silver.-Bar silver in London was
4S%d, unchanged; New York, 991ac, un-
changed; Mexican dollars, 77c, un-
changed,
LONDON, May 18.-Money was easy
at 21A per cent. Discount rates were:
Short bills, 312 per cent; three months
bills, 9-16 per cent. Gold premium at
Lisbon was quoted at 10000.
New-York tribune., 1918-05-19

Bank Clearings.--The days bank clear
ings at New York and other cities were:
Exchanges. Balances.
New York. ~. ~. $64e, ,582, ,539 $45, ,154, 1888
Boston. Z. ...... 55,738,e35 1871, ,18O
Philadelphia. 6a,779,876 13,515,e6o
New-York tribune., 1918-05-19

Discount Rates.-The following table
gives the current rates of the twelve
Federal Reserve banks on commercial
paper on all periods up to ninety days:
New-York tribune., 1918-05-19

H1NGToN May 1sA pronounced liqndating
Federal bills
1000 to s122ooo0oo Gold Increased
New-York tribune., 1918-05-19

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
Statos Mint.
Pine Bluff daily graphic., 1918-05-08
Cocoanut Oil Makes
 A Splendid Shampoo

If you want to keep your hair in good condition, be careful what you wash it with.
 Most soaps and prepared shampoos contain too much alkali This dries the scalp, makes the hair brittle, and is very harmful: Just plain mulsihed cocoanut oil (which is pure and entirely grease less), is much better than the most ex- pensive soap or anything else you can use for. shampooing, as this can't pos- sibly injure the hair.
 Simply moisten your hair with water and rub it in. One or two teaspoonfuls will make an abundance of rich, creamy father, and cleanses the hair and scalp thoroughly. The father rinses out cas- fly and removes every particle of dust, dirt, dandruff and excessive oil. The hair dries quickly and evenly, and it leaves t fine and silky, bright, fluffy and easy to manage.
 You can get mulsihed cocoanut oil at most any drug store. It is very cheap, and a few ounces is enough to last everyone in the family for months.
Pine Bluff daily graphic., 1918-05-08
36 ARKANSAS MEN ARE GRADUATES Of
 TRAINING CAMP Luen Saunders, Former Pine Bluff Man, to Get
 Commission.

Leon Springs, Texas, May 7.-Thlr- ty-six Arkansas men were graduated from the officers training camp just closed at Camp Stanley, and are ellgl- ble for appointment as second lieuten. ants when needed. The list includes Luen Saunders of Little Rock, former ly of Pine Bluff.
 The list follows: Albert Bevans Newport; Cecil Blalr, Conway; Law renee Bradley, Little Rock; Jesse H. Burr, Lurton; J. T. Campbell, Noun tain View; Marion F. Cato, Fort Smith; F. E. Chowning, Rison; Robt S. Christian, Little Rock; Alfred l.. Cobb, Paris; Nl w. Denly, Little Rock; i; Harold R Dever, Little Rock; George K. Dodd, Russellville; John H. Ed mond, Texarkana; Cecil A. Gage, JonesIboro; J. T. Gentry, Hope, Ben R. Hamilton, Little Rock; Howard D. Jackson, Little Rock; William A. Law renee, Little Rock; Thos. T. Mardis, Paragould; Henri R. Maurice, Fort Smith; Stickney Meek. Little Rock k; Robert Moore, Texarkana Gilbert T. Offenhauser, Texarkana; Harry A. Rauch, Little Rock; Opie H. Reid, Bonneville; w. l.. Schuh, Paragould; ;; Ben Smith, Little Rock; w. w. Stepp, Atkins; Audrey Strait, Morrilton; Tee Terrell, Donaldson; Ira Titus, Mena Hobson Vandiver, Harrisburg; Marvin Ward, IBlytheville; w. wv. Watkins, Bellville.
Pine Bluff daily graphic., 1918-05-08
EVEN CROSS, SICK CHILDREN LOVE
 SYRUP OF fIGS
If Feyerisll, Bilious, Constipated Give Fruit Laxative at
 Once.

Don't scold your fretful, peevish |child. See if tongue is coated; this lis sure sign it's little stomach, liv- Ter and bowels are clogged with sour waste.
 When listless, pale, fewerish, full |of cold, breath bad, throat sore, doesn't eat, sleep or act naturally, has stomach-ache, indigestion, diarr- |hoea, give teaspoonful of Cali fornia Syrup of Figs" and in a few hours all the foul waste. the sour bile and fermentating food passes out of the bowels and you have a we'll and playful child again. Child ren love this harmless fruit laxa' tive" and mothers can rest easy af- ter giving it, because it never fails to make their little "insides" clean and sweet.
 Keep it handy, Mother! A little given ta9ay saves d sick child tomor- row, but get the genuine. Ask your druggist for, a bottle of California Syrup of Figs,' which has directions ] for baOies, children of all ages and for grown-ups plainly on the bottle, Remember there are counterfe;ts sold here, so surely look and see that yours is made by the "Califor' mia Pig Syrup Colrpany."' Hand back with contempt any other fig syrup.--Advt.
Pine Bluff daily graphic., 1918-05-08
4 ID GRADUATE FROM P B. HIGH
 SCHOOL MAY 23
Attorney Daniel Taylor Will Deliver Commencement
 Address.

Twenty-eight girls and 13 boys will be graduated from the Pine Bluff High school on the night of May 23 Examinations will begin Friday and end the following Friday.
 Attorney Daniel Taylor will deliver the commencement address. The pro- gram will consist of piano solo by Miss Leslie Imon, reading by Miss Ida Sheppard, Senior class boys quar- tet, which will sing, Keep the Home Fires Burning;;" violin solo by Miss Nancy Farrar, and the class song tc the tune of "There's a Long, Long Trail" Rev. J. E. Cox will deliver the invocation and Rev. E. F Steel the benediction WF Coleman, member ot the school board, will present the di- plomas sae
 Following are officers and members of the class:
 Emily Russell, president; Mary Nc Gaughy, vice president; Frank Toney secretary and treasurer; Eugenis Ezell, Harry Smith, Gilbert Bays, liar ry Stewart, Milo Tedstrom, Mary Elm ma Miller, Elton Moseley, Lyra Mac Shaw, Albert Alexander, Elizabeth Cross, Thelma Daniels, Pearl Rosen berg, Nancy Farrar, Ida Sheppard Louise Haynes, Flora Myers, Joe Nc Cain, Ruth Jeffcoat, Ruth Harrell, Mil dred Mcdonald, Mary Collins, Ethe Berry, Crystal Mcdaniel, Leslie Imon Jessie Owen, 'Willeene Alexander, Frank Morris, Clarisse Kessler, Bryar Mead, Homer Dodds, Hughlette Cole man, Richard 'Flournoy, Susie Hall Roland Ingram, Annie Klie, Mamie Bellingrath, lsola Darlington and Ma, 1 Ware.
Pine Bluff daily graphic., 1918-05-08
Hopes Women Will
 Adopt This Habit
 As We'll As Men
Glass of hot water each morn- ing helps us look and feel
 clean, sweet, fresh.

Happy, bright, alert-vigorious and vivacious-a good clear skin; Q natural, rosy complexion and free dom from illness are assured only by clean, healthy blood If only every woman and likewise every man could realize the wonders of the morning inside bath, what a gratifying change would take place.
 anaemic-lopking men, women and girls with pastry or muddy complex ions: instead of the multitudes of nerve wrecks," ''rundowns," "brain flags" and pessimists we should see a viriie, optimistic throng of rosy checked people everywhere.
 An inside bath is had by drinking each morning before breakfast, a glass of real hot water with d tea spoonful of limestone phosphate in it to wash from the stomach, liver, kid neys and ten yards of bowels the previous days indigsstible waste sour lamentations and poisons, thus cleansing, sweetening and freshening the entire ailmentary canal before putting more food into the stomach
 Those subject to sick headache hiliousness, nasty breath, rheumatism colds; and particularly those who have a pallid. sallow complexion and who are constipated very often, are urged to obtain a quarter pound of limestone phosphate at the drug store which will cost but a trifle but is sufficient to demonstrate the quick and remarkable change in both health and appearance awaiting those who practice internal sanita- tiOn. We must remember that inside cleanliness is more important than outside, because the skin does not absorb impurities to contaminate the blood, while the pores in the thirty feet of bowels do.-Advt
Pine Bluff daily graphic., 1918-05-08
FROUG BUYS STOCK OF
 LITTI E ROCK STORE

Louis Froug of the Froug Depart ment store of Pine Bluff put one over" on Little Rock merchants when he purchased the entire $2S, 900 stocN of the Leader company of Little Rock and will place it on sale in the local store at bargain prices. ,Mr. Frous said this deal will bring to the wom en of Pine Bluff the greatest spread of bargains ever offered" as he pur- chased the big stock at price based on last years market. the Leader company having contracted for this merchandise IS months ago, when prices were far below those of today. Several Little Rock companies t"ied to get the stock, but MT. Froug was given preference. The merchandise has arrived and will be put on sale Thursday.