davidaulloa/AmericanStories huggingface dataset:
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-02-04
OVER II MILLION SPENT
IN RELIEF BY RED CROSS

WASHINGTON, Feb. An ac-
counting Of American Red ross war
council appropriations made public
Sunday night at headquarters here
shows that up 10 Jan. 9. there had
been appropriated from the war
fund 77,S43,43 every dollar of
which was for some form of relief
at home or abroad. All administIp-
ton expenses in the United States
are paid out OF general funs. large
IN from membership dues and for
this purpose $1,2S9,292 had been ap-
propriateG This with $31S.0OO
drawn from miscellaneous funds for
various purposes. made a grand to-
tai OF s7s,45O,727 appropriated for
all purposes.
or S44.657,795 withdrawn for for
eign relief work SS05O0.0OO went 10
France and OF S23.343.171 for the
purchase of supplies. more than So
Gee. 600 was for France. Relief in
that country includes work with the
armies and among sick and wounded
soldiers and families behind the
lines. maintenance of hospitals. re-
construction. service. rest and well
fare service with the American ex-
peditionary forces and the prison.
ers. casualty and information ser
vice.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-02-04
ENSIGN KILLS SELF

NEW YORK. Feb. 4. Ensign
Reuben Titus. 8 Z years old. United
States naval reserves. died in the
marine hospital on Staten island
sunday from a bullet wound i'm the
head. self-inhiCted a few hours be-
fore at his home His widow told
the police that she knew of no rea-
son for the act, but that the officer
had spent much time lately working
on some sort of invention
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-02-04

These are all odd pieces from bed
room suites, and are positively re-
duced 500.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-02-04

We positively have one of a kind
only of the above-dOn't overlook
these bargains.
New-York tribune., 1918-06-08
Puget Sound Notes
On Sale Next Week
$12,0oo,oo0 Offering Is Mos.
Important Flotation Since
the Liberty Loan

Plans are nearing completion, it was
learned yesterday, for a public Offering
Of $12,000,000 three-year per cent
mortgage notes of the Puget Sound
Traction, Light e. Power Company by
syndicate, consisting of Harris,
Forbes & Co., Lee, Higginson e. Co.
and Estabrook e. Co., Of Boston. The
notes, it is expected, will be formally
placed on sale early next week.
The purpose of the issue, which has
the approval of the Capital Issues
Committee, it is understood, is to re-
fund certain outstanding obligations
maturing during the next twelve
months, the largest Of which is an is
sue of $S,O57,OOO per cent fve-year
mortgage gold bonds, due February /,
1919. The forthcoming offering is the
most important since the flotation of
the third Liberty loan.
The Puget Sound Traction, Light &
Power Company, through ownership OF
control of subsidiary properties, does
substantially all the electric street and
interurbaa railway and the greater
part of tho commercial electric lighting
and power business in the Puget Sound
district, including the cities of Seattle,
Tacoma, Dellingham and Everett, Wash,
Of the $34 921 600 outstanding stock,
900 is common and $14,793,600 is
preferred.
New-York tribune., 1918-06-08

ANDREW J. MCCORMACK. Auctioneer
REGULAR AUCTION SALE,
STOCKS AND DONDs.
BY ADRIAN II. MULLER & SON,
OFFICE. 55 WILLIAM ST.
WEDNESDAY, JUNE II. 1918.
at 1870 o'clock, at the
EXCHANGE SALESROOM.
NOS. IA and Is VESEY STREET.
For Account OF Executors.
$500 Brooklyn city p r lst Mtg. sx
Bonds 1941
$1,000 Brooklyn city & Newtown r. a.
Consld. 1st Mtg. SO Bond. f93s
3 shs. Brooklyn Union Gas Co.
shs. Globe & Rutgers Fire Insur-
ance Co.
shs. Empire 8: Bay State Telegraph
! SIN Hutchins Securities Co. prefd.
shs. Consolidated Gas Co
ST5 shs. Brooklyn City r. r Co.
For Account of Guardian.
28 shs. c. G. Gunther's Sons Ist prefd
shs. c. c.. Gunther's Sons common
For Account Of ADMINISTRATIVE.
$500 Middlesex Banking Co. 1st Mtg. So
Bonds. $210 paid on acct.
f10o Ecuardorian Corpn.. Ltd. LIST Deb
SO Bond.
8 shs Intertype corpn. common.
For Account of Whom Il May Concern
kee, together with all rights Of
holder in shares OF First Savings s.
Trust Co. milwaukee,.
115 shs. The Del Norte Co., Eau CiaiRs.
so shs. es-Bernent-Po Co. prefd.
70 shs. Pratt & Whitney Co. prefd.
800 shs. American Coal Co. Of Allie
$4,000 Toledo. peoria & Western R. R. lst
Mtg 40 Bonds. 1917, ctf OF De-
post.
$1,000 Chicago. Rock Island & Pacific
-. Rwy. .aenl. Mtg. 4eo Regsta. Bond:
Bonds. 1925. Ctf. Of Deposit.
so shs. Throggs Neck Realty Co.
New-York tribune., 1918-06-08
Banks Meeting
Tax Payments
Without Strain,
Local Institutions Lend
Nearly $2O,O0O,OOO on
Time During Week

That New York City banks have so
strengthened their cash position in re-
cent weeks that the heavy demands Of
the Federal tax paying period are be-
ing met with comparative ease was in
dcated yesterday, when it became
known that somc Of the largest insti-
tutions in the financial district have
loaned out money on time secured by
Stock Exchange collateral on the heav-
lest scale since last fall.
1t was estimated in money market
circles that this week between $15,-
100000 and $20,O0O,00O has been loaned
by the banks for fixed periods on
stock market securities, most of it for
periods running from thirty to ninety
days. Rates on such loans have ranged
from 512 to per cent. The more lib
eral offerings by the banks, it was as
serted, has absorbed a considerable
part of the demand for accommodation
Of this kind from Stock Exchange
houses which heretofore have had to
finance their market operations
through the medium of call loans.
Have Held Back for Months
The fact that the banks have again
become active in the time loan market
was looked upon yesterday as rehec-
tion of confidence on the part of the
leading financial authorities in Wall
L.
ing period between now and June Is,
the last day on which the Federal taxes
can be paid in. will be carried without
imposing undue strain upon banking
resources. Since the latter part of
1917 the banks have carefully refrained
from increasing their commitments in
time loans secured by the deposit of
Stock Exchange collateral for the rea-
view of the impending demand for
funds by the government. Apparently
now the bankers are Of the opinion
that they will be able to meet the tax
payments and the government with
drawals without difficulty and are find
ing it possible to lend assistance to
Stock Exchange houses which are in
need of time loans.
Tax Money Redeposited
The Treasury Departm ent, the Fed
eral Reserve authorities and the banks
are all cooperating in every way pos
sible in order to distribute the burden
of the taxpaying period 1t has so
been arranged that taxes paid in are
being almost Immediately distributed
among the banks in the form of gov
ernment deposits, against which the
banks are not required to carry re-
serve. The transfer Of deposits from
private to government account through
the taxpaying process naturally re
duces the legal reserve requirements
of the various banks and thereby ex-
pands by just SO much the lending ca
pacity Of tho banks
The opinion was expressed yesterday
that, while there will probably be no
ease in money rates to speak of for
some weeks, the danger of any squeczes
such as have been experienced in other
times is small, SO we'll are the plans for
meeting the burden working out.
New-York tribune., 1918-06-08
Bonds
Outlook for Crops
Unusually Bright
Shortage of Labor Constitutes
Farmers Only Real
COMPLAINT

Observers of the state of trade in
the United States agree that the DOM
inant factors are unusually favorable
crop prospects and the rapid success
sion with which fundamental changes
are being made to put the country
more completely on a war basis.
"Govcrnment domination Of a myriad
of lines of industry and trade and al
most unanimously favorable crop re-
ports are the two great outstanding
features of the situation" the weekly
review OF Bradstreet's says. "Govern-
ment Communicating Of the iron and
steel, wool and heavy leather outputs
are accomplished facts, and further ex-
tension of its control Of manufactured
textiles and of food supplies and
prices seems inevitable.
"Great basic changes are therefore
proceeding under the new and fast
moving monopolization of human ac-
tivities, directly or indirectly, in the
war. Man power is being taken up
steadily and rapidly by the second
draft, and the attraction of female
labor into lines formerly monopolized
by men is growing apace. The results
are the increasing difficulty attending
the obtaining of supplies of goods or
raw materials for civilian use, while
at the same time largely increased
earning capacity of women puts added
strain upon supplies of goods suitable
for the latter"
In diagnosing these conditions,
"Dun's Review" says: "Seldom has the
nations agriculture outlook matched
the present brilliant promise, and the
question of success or failure of the
crops this year is obviously one of
vital Importance. The almost, ideal
crop weather, continuing unbroken
prospect, not only of earlier harvests
than usual, but also of yields ap-
preaching the maximum, if not exceed
ing it, and labor shortage constitutes
about the only element of serious
complaint in the great farming regions.
"The distinction between essential
and non essential industrial outputs,
while not yet fully determined, is now
more clearly defined, and some of the
works not heretofore engaged on gov
ernment requirements have hastened
to enter the field to forestall possible
shHtdowns. Through this process, or
from the requisitioning of earnestly
needed raw materials and finished
products, the limits on strictly civilian
business are being drawn closer, and
in the comparatively few cases where
reserve stocks are available in first
and second hands there is extreme
caution in accepting orders from COM
mercial channels, because of impend-
ing calls for supplies from govern
mental sources"
New-York tribune., 1918-06-08
Fires Here Aid Kaiser
Fifteen Hundred Fires Dailv De
lay Manufactures

LITTLE ROCK, Ark, June 7.-"The
number of fires that are traceable to
the Kaiser's agents has been overes-
timated," said Wilbur Z. Mallalieu.
general manager of the National Board
of Fire Writers, in an address here
day before the annual convention
OF the National Editorial Association.
"but,' he added, "the number of fires
lively for the Kaiser can easily be
stated. 1t averages $500 a day.
II want to tell you that the destruc-
ton of Hun bombing plane, which
would kill our boys directly, is of
hardly more Importance than the pre-
ventlon OF factory fires which would
kill them indirectly through depriving
them of the means of defence" Mr.,
Mailalieu urged greater use of pre-
ventive measures.
New-York tribune., 1918-06-08
Elections

Leroy A. Manchester, attorney for
the Youngstown Sheet and Tube Com
pany, has been elected secretary of
that concern.
George II. Prince, chairman of the
board of directors of the Merchants
National Bank of 81. Paul, and Harry
T. Ramsdell, president of the Manu-
facturers and Traders National Bank
Of Buffalo, have been elected directors
OF the American Foreign Banking Cor
poration of New York.
Frank Trumbull has been elected
president of the Chesapeake e. Ohio
hallway Company, succeeding George
w. Stevens, who was appointed Fed
eral manager of the road. Mr.. Trum-
bull retains his office as chairman of
the beard. aieq~~s Wickham, Whit
aker, Wall and Caples have resigned
as vice-presidents to take up the duties
OF assistants to the Federal manager.
+. II. Davis and C. E. Graham were
elected vice presidents to fill two of
the vacancies.
New-York tribune., 1918-06-08
Regular Declarations

Barrett Company.-Quarterly dividend Of
IA per cent on the common stock, payable
July to stockholders of record June IS; also
the regular quarterly dividend of l q per cent
on the preferred stock, payable July IS to
stockholders of record july l.
Library Bureau Company.---Cuarteriy div.
oends OF l per cent on the common ana :
per cent on the preferred stock. both payable
july to stockholders of record June 20
Franklin Trust Company.--Quarterly diyi'
dend OF per cent payable June 80 TO stock
holders of record June %.
Columbia Graphophone Manufacturing
company ny.IQuarterly dividend OF ~ pc,
cent on the common stock. payable July
70 stockholders of record June II.
Cuba Cane Sugar Corporstion.-Quarssrss .
oiViaend OF IA per cent, payable July "
s'ockhoiders OF record June is.
Duiuth-superior Traction Company-ousr-
terly dividends OF 81 share the eona-
mon and preferred stocks, both payable July
TO stockholders of record June Is.
Little Schuylklll Navigation, Railroad =
Goal Conpany.-S Senai-annual dividend OF ~
per cent, payable July i5 to stockholders Of
record June II.
Manati Sugar Compnny.-Quarterly dsva'
oeha of 94 per cent on the preferred stock
payable July l TO stockholders OF record
June Is.
Pettioone-Mulliken Company. - ousrtsrg
dividends of l% per cent on the first ana
sSSo so preferred STOCKS, both payable JuN
TO stockholders of record June 20.
Twin City Rapid Transit Cempzny.-ousr
terly dividend of $l.76 a share on the pre-
terred stock. payable July . to stockhosdsD
of record June Is.
Stutz Motor Car Company of America. n
Quarterly dividend of si.25 a share. pe$
able July to stockholders os record June -
=, California Petroleum Coinpany.--Qunsesz4
aiViaend OF Ia per cent on the prefegs
stock, payable July - stockhold&p = -
New-York tribune., 1918-06-08
Copper Output Larger

All of the so-called porphyry copper
producing companies with the excep-
ton of Chino turned out larger ton
mage of refined metal in May Utah's
total was 1S,2O0,Oo0 pounds for the
month, compared with 16,690,o0o in
April. Nevada Consolidated increased
its output by 100000 pounds, while
Rays production increased from 1885,
600 to 8,120,0C0 Chino produced
5,9S7,34o, against 6,290,5l3 pounds in
April and 1888, ,o46 in March.
New-York tribune., 1918-06-08
DIVIDEND NOTICES
DIVIDEND NOTICES
UNITED LIGHT AND
RAILWAYS COMPANY
Chicago
Davenport Grand Rapids
Preferred Stock Dividend No. 81
Common Stock Dividend No. ID

The Board of Directors have declared
dividend of one and one-half Il y 90 per
cent. the First Preferred Stock. and
dividend of one (tga) per cent. on the Com
mon Stock. payable out OF the surplus earn
15 1918.
First Preferred and Common Stock trans
fer books VIII reopen for transfer Of stock
certificates ct the opening Of business June
IT, 1918.
New-York tribune., 1918-06-08
Money and Credit

There was a somewhat more liberal
supply of call money at the Stock Ex
change yesterday, where the ruling
rate on mixed collateral loans was 5lh
per cent, compared with on Thurs
day.
Banks continued to make larger
offerings of fixed date funds and some
thirty-day loans on mixed collateral
were reported to have been placed at
512 per cent.
Ruling rates for money yesterday,
compared with a year ago, were as fol-
lows:
Yesterday. Year ago.
Per cent. Per cent.
Call money:
On mixed collateral 5Ia 3s4
On industrial col'tl- 6 4i4
Time money (mixed collateraD:
Sixty days........ 534@6 4La@4A
Ninety days. 6A@e 4L2@4a4
Four months. ..... 5a4@6 4I2@434
Five to six months 63l@6 4Lo@43h
six months paper is being discounted
in fair volume at 6 per cent.
Bank Acceptances.-There was
broad demand for bank acceptances
yesterday at the following rates:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent. Per cent. Per cent.
E i e Bile
m m ber
banks: .4I4@4 4h@4h 4A@4Is
E g b le
nOn-mem
Der banks @4Is 4aa@4I4 4h@4A
Inelig ible
bank bills5A@424 5A@4s4 6M@4a4
For delivery within thirty days:
Per cent.
Eligible member banks. ........ 4La
Eligible non-member banks..... 45a
Ineligible bank bills. 6
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., 1918-06-08
New York

Cortelyou Heads New Gas Associa-
tion.-Announcemcnt that the Ameri-
can Gas Institute and the National
Commercial Gas Association have been
amalgamated, with George B. Cortel-
you, president Of the Consolidated Gas
| Company of New York. as president,
was made here yesterday. The new
organization will be known as the
American Gas Association.
Mr. Cortelyou, addressing the new
association in convention here, said it
would endeavor "to keep step with
other legions of American business in
support of the government and of our
! fighting men across the sea-"
Production of Bituminous Coal In
creases.-During the week ended May
25 the production of bituminous coal
reached new high level, with total
output of II ,S11 900 short tons, ap-
proximately 100000 tons more than
was produced in the preceding week,
according to tho current issue of "The
Coal Age" Anthracite shipments
amounted to 40,752 cars, slight fall
ing off.
Bank Increases Capital.-At special
meeting of stockholders of the York
vile Bank yesterday it was voted to
increase the capital stock from $780,
900 to 100000 in order to secure mem
bership in the Federal Reserve system
Stock Exchange Seats Higher.-The
membership of Robert W. Locke has
been transferred to Matthew J. Hoey
for S55,000, an increase of $4,000 over
the last previous sale.
New-York tribune., 1918-06-08
Increases

Canadian Converters Company.-The
quarterly dividend of / per cent has
teen increased to IA per cent, putting
the stock on per cent basis.
New-York tribune., 1918-06-08
Dividends
Extras

Youngstown Sheet ard Tube Com
paRy.-An extra dividend of per cent
on the common stock has been declared
in addition to the regular quarterly
dividend Of 1% per cent on the pre-
ferrcd stock.
New-York tribune., 1918-06-08

Of rates on the government issues
and not downward revision of Yields
on corporate bonds.
New-York tribune., 1918-06-08

Silver-Bar silver in London was
4S75d, unchanged; New York. 991ac, un-
changed; Mexican dollars, TIC, un-
changed
New-York tribune., 1918-06-08
Other Cities

Hampden Railroad Boston & Maine
Suit.-SPRINGFIELD, Mass, June T.
After testimony by Attorney Henry w.
Ely, who told of conversations with
Charles S. Mellen, the president of the
Boston & Maine Railroad, concerning
the construction Of the Hampden Rail
road, the plaintiff to-day rested it's
case in the $4,000,00O suit of the
Hampden Railroad Corporal lion against
the Boston & Maine corporation to in
struction account. Attorney Civ testi-
fed that the late Ralph D. Gellett,
president of the Hampden Railroad
| Corporation and of the Woronoco Con-
structlon Company, which built the
road, participated in these conversa-
tions. The witness said that Mr.. Mel
len ordered work on the Hampden road
to begin toward Athol Junction, cut
ting off entirely the proposed branch
to Chicopec Falls.
In the opening statement for the
Boston & Maine Railroad William H.
McClintock, attorney for the Boston &
Maine, said that the promoters did
not build the road along the route
agreed upon from Bondsvillc to Chico
pee Falls, where a connecting line
was to be built to Holyoke, and that
the route selected and the cost Of
construction were unreasonably expen-
sive. The trial will be resumed Mon
day.
Receiver Appointed for Long Branch
Observation-Disclosures, N. j., June 7.
On application of Thomas G. Patten,
of New York, main stockholdar m the
New York G. Long Branch Steamboat
Company, operator of steamboats, from
Long Branch to New York, the Federal
Court to-day named Edward r. Slocum,
Jr., of Long Branch, temporary re-
ceivcr. Patten claims that the com
pany had been operating three boats.
Two were removed from service, and
later the United States government
took over the remaining one at $50 a
day.
Wool Clip Movement Eastward
BOSTON, June 1.-THE Commercial
Bulletin" will say tomorrow:
Slowly and with some uncertainty
the wool clip of the country is moving
eastward to the consuming centres. es.
peclally wherever the clip is subject to
purchase since the terms upon which
1T can be purchased under the govern.
ment plan have not been clearly un-
derstood by many of the country deal
ers. who have On that account hest
tated about putting their money into
the staple upon an uncertain basis
Consignments from the tcrrit,ry sec
uons are being accepted steadily. The
government machinery :or handling
the wool in the centres of Distribution
Is being augmented more or less stead
lily, as necessity requires"
New-York tribune., 1918-06-08
News Digest
Foreign

London Board Cheerful.-LONDON
June 7.-On the Stock Exchange the
sentiment was cheerful. Home funds
were quieter and steady and foreign
ers were firm. The feature among the
latter was a squirt of three points in
Port of Para bonds, due to an impend-
ing payment Of interest. Oils particu-
larly the smaller priced ones, were
strong and active Miscellaneous min
ing shares had good places in the trad
ing.
Paris Bourse Quict.--PAR1S, June T.
Trading was very quiet on the
Boursc to-day. Three per cent rentes
brought 66 francs for cash. Exchange
on London was quoted ct 81 francs 1G
centimes. Five per cent loan sold at
IS francs.
New-York tribune., 1918-06-08
gELEY-splINcEsElD TlaE CO.

A quarterly dividend OF one dollar and fifty
cents (s1.5o) per share on the Six Per Cent.
Preferred Stock Of this Company has been
declared. payable July l. 1918. TO sJockhcld-
ers Of record at the close OF business June
Is. 1918.
F. A SEAMAN, Secretary.
New York. June 4. 1918.
New-York tribune., 1918-06-08
Sub-Treasury.-The banks lost to
the Sub-Treasury yesterday $4,000.

Bank Clearings.-Banke exchanges at
the principal cities in the country this
week aggregated s5,73e,2Ss,2S2, accord
ing to R. G. Dun & Co., an increase Of
5 per cent, compared with the corre-
spending period Of 1917.
London Money Market. LONDON,
June 7.-Money was firm at 2A per
cent. Discount rates we're: Short bills.
31s per cent; three months bills,
3 9-16 per cent. Gold premium at Lis
bon was at 1870.
New-York tribune., 1918-06-08
Relevant Comment
New Haven to Sell Notes.

According to Boston advices the
New Haven Railroad has arranged for
an issue of S4,ooo,ooO of equipment
trust certificates to pay for rolling
stock purchased some time ago. No
details as to how the certificates are
to be sold or the rate of interest and
maturity have been given out. 1t is
stated, however, that the rate will
probably be around 6 per cent.
New-York tribune., 1918-06-08
The Dollar in Foreign Exchange

were steady at the socalled "peg"
level of oil for checks. Swiss ex-
change was fractionally higher. An
increased demand for Spanish pesetas
sent the rate forward.
Closing rates yesterday, compared
with week ago, follow:
Quoted dollars to the pound.)
Week
Yesterday. ago.
Sterling, demand. -. .$4753s $4.75h
Sterling, sixty days. 4.73 4.72
Sterling, cables. ..... 4.?6ft 4.70h
Sterling, ninety days.. 4.71M 40
Quoted units to the dollar)
Francs, checks. ....... 5.715a 6.71N
Francs, cables. ....... 5.70Is $40
Lire, checks. ......... 9.11 9.11
Lire, cables. ........... 9.09 9.09
Swiss, checks. 3.97 4.06
Swiss, cables. 392 4O1
Quoted cents to the unit.)
Guilders, checks. ..... .5oIa .4el4
Gulders, cables. ..... 81 .493A
Rubles, cables ......., 1925 1925
Stockholm, kr., checks ..34.0O $3.50
Copenhagen, kr., ch'ks.31.00 30.85
Pesetas, checks. ..... 28.40 1920
A'S'N" 40 &tfSi lHa CUIICut 0KCQAnR0
value of foreign money in dollars and
cents, together with the intrinsic gold
parity, as calculated by the United
States Mint:
Current
exchange Intrinsic
value. value.
Pounds, sterling. .....$4.75as s4.8esa
Francs ............... 0.174 0.19.3
Guilders ............. 0.4e.75 o.4o.2
Rubles .............. 0.13.25 O.51 q
Lire, checks. ....... Off, 25 O.1o.3
Crowns (Denmark)... O.3O. 80 O.26. g.
Crowns (Sweden)..... O.34. 90 O.26.8l
The above rates express the cost Of
foreign money in terms of the Ameri-
can dollar. You buy an English round
sterling at, say, s4.75%. The intrinsic
parity is s4.s69s per pound. Thus you
say either that pounds are at dis |
count or that dollars are at a premium.
which is owing to the fact that in Eng
land the demand for dollars with which I
to settle accounts in this country is
greater than the demand in this coun.
try for pounds with which to settle &C.
counts in England.