davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-09-12

Secretary McAdoo's proposal to
temporarily exempt from Federal
taxation individual holdings Of the
various Liberty bonds up to a total
of $4,000 is subject to the same
criticism that has been applied to
the first loan, namely, that it favors
the investor of large income at the
expense of the nation as a whole.
But it must be remembered that the
task of distributing the forthcoming
issue, which is expected to be the
largest loan ever floated, is one
which bankers and others have
viewed with concern. Some method
of stimulating the demand was need
ed, and the Secretary's plan, if
adopted, will probably give the
stimulus required to insure the over
whelming success of the campaign.
The proposed exemption will make
the new issue much more attractive
to many thousands Of investors than
it would be were that feature lack
ing. Moreover, the plan should
help maintain the prices of the out
standing taxable issues, if not to the
extent of creating a fresh demand
for them, at least by easing the SELL
ing pressure which has forced them
down to the present level.
New-York tribune., 1918-09-12
Morgan & Co. Statement
Regret MIR. Williams Does Not
Publish Firms Telegrams.

J. P. Morgan G. Co. yesterday issued
the following statement:
we have noted Mr.. John Shelton
Williams's statement, renewing his at
tack upon US and upon our associates,
because of our inability to secure funds
al per cent, to finance the obligations
Of the Chicago & Western Indiana
Railway Company. We have nothing
further to say except to reiterate our
regret that Mr.. Williams, while pub
fishing his kilograms to US, refrains
from making public ours to him"
New-York tribune., 1918-09-12
u. S. Will Get Two-Thirds
Of Worlds Pig Tin Supply

WASHINGTON, Sept 11.-Two-t thirds
of the pig tin supply of the world is
to be received by the United States
under pooling arrangement made at
recent conference at London between
representatives of this country, Great
Britain, France and Italy. This was
announced by the War Industries Board.
All shipments of pig tin and tin ores
to this country will. be consigned to the
American Iron and Steel Institute,
which will distribute it at regulated
prices to consumers. Quotations of pig
tin have fallen ii cents a pound since
the pooling agreement was entered
New-York tribune., 1918-09-12
Decrease in Bradford Exports

district IN England to the United
States during July this year decreased
nearly so per cent owing to decrease
in cotton and mohair cloths, forward
ings and q cessation of shipments of
several products. July. 1918, exports
totalled $625,S76, compared with ST.
234 1888 in the corresp sponding 1917
month.
New-York tribune., 1918-09-12
Seeking Larger Lumber Trade

British Columbia is seeking to ex
tend its oversee lumber trade and in
particular to extend the market for its
timber in the United Kingdom. 1t has
appointed l.. B. Beale as special lumber
trade commissioner to Great Britain
and Europe. From sixteen years ex-
perience he has a practical insight into
British building requirements.
New-York tribune., 1918-09-12
Banking Syndicate Offers
Rochester r. & L. Co. Bonds

Announcement was made yesterday
that a syndicate, consisting of ]. P.
Morgan e. Co., the First National Bank
the National City Company, and Har-
ris, Forbes e. Co., have purchased and
are offering for sale an issue Of s3,
100000 Rochester Railway and Light
Company general mortgage three year
per cent bonds. The Offering price
is SO and interest to yield about ~
per cent upon the Investment. The
proceeds of the issue are to reimburse
the company for expenditures paid for
new construction necessitated by recent
increased demands for power, due to
contracts for government work in
Rochester and the surrounding coun-
New-York tribune., 1918-09-12

The above rates express the cost Of
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling at. say, $4.75e0. The intrinsic
parity is s4.86a per pound. Thus you
say either that pounds are at dis
count or that dollars are at premium,
which is owing to the fact that in Eng
land the demand for dollars with which
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.
New-York tribune., 1918-09-12

It is perhaps significant that the
most severe declines in the stock
market yesterday were in those is
sues in which pools are said to have
been active. The inference drawn
from this slump in many of the spe-
cialties was that the pools had
found it difficult, under the new
conditions of the money market, to
obtain the necessary credit to
finance their operations. Besides,
with speculation restricted as it is,
the pool operators might find it un-
profitable to carry great blocks of
stocks, since they could hope to un-
load at a gain only in an active
speculative market.
New-York tribune., 1918-09-12
Fix Prices on Jute Goods

The British War Office has prohibited
the sale within the United Kingdom of
any jute yarns or goods below sched-
uled prices. Maximum prices include
common S-pound cops, rs. per spindle;
S-pound medium spools, rs. I'd. per
spindle; S-pound sacking chains, 1O7sd.
Per pound; 24-pound saeking weft, 9&4 d.
per pound; 12-pound and up carpet
yarn, 4s-pound rove, sS5 los. to sS7
los. per ton; 'jute cloth, standard Hes
sian ga d. per ward
New-York tribune., 1918-09-12
Japan's Vegetable Oil Trade

The demand for vegetable oils in the
United States has increased within
two years to an extent that has
greatly enlarged the market for the
soya bean and coconut oil mills in the
Kobe district of Japan. The twenty
i've OF mills in that district produce
approximately rs per cent OF the vege-
table oil manufactured in Japan,
where the monthly output at present
is said to total 223,5OO cases.
New-York tribune., 1918-09-12
News Digest
Foreign

London Market Awaiting War Events.
Sept. 11.-With large sales
OF national war bonds and disposition
to await events on the Western front,
dealings on the Stock Exchange. to-day
were somewhat smaller, though the
tone continued confident. French 5s re-
acted and mines and other specialties
were dull. Money was in good demand
Paris Market Quiet. - PARIS, Sept.
11.-Trading was quiet on the Bourse
to-day. Three per cent sold at GA
francs 8 centimes. Five per cent loan
brought 88 francs 5 centimcs.
New-York tribune., 1918-09-12
Pool Specialties Weak

While the whole market was weak,
some of the so-called pool special
tics"-stocks that have been favored
recently by speculative cliques- I'd
out because of their almost complete
lack of support. There was for exam
pie United States Industrial Alcohol,
which brock from 1852 to III u, and
closed s points off after total trans
actions of 300 shares. Distillers' Sc
curities, another of this group, lost
31a points net, closing at So, after
getting down to 50B. Then there was
General Motors common, which tum-
b1ed precipitately from 121 to 1T. 1t
was only a few days ago that Motors
was selling above 100.
New-York tribune., 1918-09-12
Market for Metal Furniture

Special Agent Harold f. Everley re-
ports that interest in metal Office fur
niture is growing in Argentina and
that with proper handling there is a
good market there for such Equipment.
He says, THAT there is less call for
this line than for wooden furniture,
results from the fact that those who
represent American manufacturers ap-
parently do not understand the ad-
vantages of using steel equipment and
are not giving the sale of it proper
attention"
New-York tribune., 1918-09-12
Motor Cars in Hong Kong

There are 175 motor cars on the ISL
and OF Hong Kong, where ten gallons of
gasolene cost $3.50 in local currency
in June and is now higher, and practi
cally all of them are of American make.
The demand for roads suitable for
motor vehicles has caused highway i'm
provement, and from few miles the
has increased to 40. The
colony has appropriated about $144,OO0
gold for the maintenance of roads and
$547 900 for new roads.
New-York tribune., 1918-09-12
Steel Lowest Since July

Steel common at 1878, the bottom
price of yesterday, stood at the lowest
level since the closing week of July.
In the interval the market leader mas
sold as high as 1863, after the de-
duction of quarterly dividend of "a
per cent. The selling in Steel yester-
day represented in part the closing out
of speculative accounts forced by the
latest action of the bankers money
committee in the exercise of its control
over the local money situation.
New-York tribune., 1918-09-12
Short of Wire Supplies

Because Of the war the South Afri-
can Department of Post and Tele-
graphs has had great difficulty in OBJ
tanning telephone, telegraph and other
supplies, and while the difficulty has
existed several years, it became acute
in 1917. Exports from the United
Kingdom are restricted to maintenance
and war requirements.
New-York tribune., 1918-09-12
Amazon Rubber Shipments

During July this year exports of
crude rubber from the Amazon district
in Brazil totalled 4,297,3s5 pounds.
There were no exports to Europe
and shipments to the United States
amounted to 4,292,53 pounds, com
pared with 2,154,715 pounds during the
corresponding 1917 month.
New-York tribune., 1918-09-12
Argentine Trade Balance

government statistics for the cal
etuar Ia year 1917 show q trade balance
OF OF sl63'9o4 l60 in favor of the Argen-
t1i tlne Republic; Its foreign trade to-
talled S897 924 ,034, exports amounting
ooo TO 99ooo,9l4,o97 9 and imports to $751;
New-York tribune., 1918-09-12
Money and Credit

Money continued in scant supply yes
terday, and rates were firmly main
tained. At the Stock Exchange the
ruling rates were to 6h per cent,
with moderate volume Of business.
The bankers money committee con-
tinucs to make offerings. It was stated
yesterday that we're 1t not for the as
sistance given the market by the COM
mittce there would be scarcely any call
money at all available for stock mar
ket purposes.
Business in the market for fixed date
funds is at complete standstill. Bor-
rowers are seeking loans, but the banks
refuse to increase their outs standing
commitments; In fact, many banks are
demanding that such time loans as ma
ture from day to day be paid off. Rates
on all fixed period loans rule at 6 to
614 per cent, depending upon the char
acter of the collateral.
Ruling rates for money yesterday,
compared with a year ago. were as
follows:
Yesterday. Year ago.
Per cent. Per cent.
Call money:
On mixed collateral s 5
On industrial col'tI 6N
New-York tribune., 1918-09-12
Snanish Loan About Closed

The s1OO,OO0,O00 loan that Spain is
tt grant to the United States has about
been completed. An announcement OF
the closing Of the negotiations is ex
peeted within few days.
New-York tribune., 1918-09-12
Steel nifferentials Revised

The committee on steel and steel
products Of the American Iron and
Steel Institute announced yesterday
that it had approved the report OF a
sub committee recommending certain
Changes and notifications in maximum
prices heretofore existing in a selected
list. The report was based on infor-
nation submitted by representative
manufac nrers The revised schedules
are 70 become effective at once.
New-York tribune., 1918-09-12
More Pay for City EMPLOYEES

Christiana, Norway, is about to
appropriate 100000 for extra salaries
Ior city employees, to compensate them
for the increased cost of living ac-
cording to the Norwegian press.
New-York tribune., 1918-09-12
China's Foreign Trade

War greatly increased the foreign
trade of China last year. the gain ap-
proXlmatlng 25 per cent. The total for
1916 was SS26,S12,672 and for 1917 il
was 81 ,032 .699 ,4l2.
New-York tribune., 1918-09-12
Meats on Free List

BY royal decree dried beef and
smoked beef are now admitted into
Spain free Of customs duty, and fresh
meat and salted pork were previously
on the free list.
New-York tribune., 1918-09-12
Oil Stocks Slump

Oil securities broke sharply on the
Curb Market yesterday, because Of
fears of q general reduction in the
price of gasolene. Losses in the case
of some of the Standard Oil issues
exceeded 10 points.
New-York tribune., 1918-09-12
American Mailing Liquidation

w. Forbes Morgan. chairman of the
liquidation committee of the American
Mailing Company, stated yesterday that
more than 70 per cent Of the preferred
stock had been deposited under the
plan ealing for the dissolution of the
corporation. The time for receiving
deposits has been extended unN Oc-
tober II. ain view of new government
regulations" Mr.. Morgan said, "it is
now evident to all that the company
cannot continue business. The COM
mittee has wisely taken the necessary
preliminary steps to secure the dissolu-
ton of the companys business and the
liquidation of it's assets, which has
now become inevitable"
New-York tribune., 1918-09-12
Relevant Comment
New Clearing House Amendment

The Clearing House Association has
incorporated into the constitution the
recently proposed amendment pro-
hibiting payment of exchange or other
charges in connection with the col
lection Of items in excess of the
charges payable if they had been col
lected through the Federal Reserve
Bank. The effect Of the amendment
will be to prevent any bank from trying
to circumvent the Clearing House
ruling put into effect last spring, which
aimed to eliminate competitive bid
ding for out-of-town deposits by the
establishment of a graduated interest
rate based on the Federal Reserve
Bank redlscount rate.
New-York tribune., 1918-09-12
Ruling on Royal Dutch Certificates

The Stock Exchange committee On
securities yesterday ruled that all
transactions IN Equitable Trust Com
pany certificates for Royal Dutch Com
pany ordinary stock (American shares)
shall be ex rights tomorrow. unless
made for cash, and that transactions
in the rights must be settled on Sep
terber 10, after which dealings will
be in stock. The right to subscribe to
the new stock expires September 2l.
New-York tribune., 1918-09-12
New York

New Stock Exchange Listings.-The
following securities were admitted yes
terday to trading on the Stock Ex-
change. beginning to-day: Trust GER
tifcates representing 56,675 shares of
stock of the Marlin Rockwell Corpora-
ton; $4,000 900 temporary ten-year 6
per cent secured gold bonds of the
Union Pacific Railroad Company.
New-York tribune., 1918-09-12

Bank Clearlngs.-Bank clearings in
New York and other cities were:
EXCHANGES. Balances.
New York. .$5s3 3,o77,e15 873,4o3
Ros+on 46.312.333 10,553,399
Philadelphia. 66,7O3,ooI w. 10 .'o.o
St. Louis. .... 24,195,430 4,027,6o3
Silver.-London, 49hd, unchanged;
New York, 1917 Mc, unchanged: Mexican
dollars, 1880, unchanged.
Sub-Treasury. The banks lost
$4,000 to the Sub-Treasury yesterday
London Money Rates. = LONDON,
Sept. 11.-Money was unchanged at 8
per cent. Discount rates were short
>and three month bills 1892 per cent:
Gold premiums at Lisbon remained at
100
New-York tribune., 1918-09-12

tion.-Among the securities sold at
public auction yesterday were 400
shares of the Pennsylvania Railroad
Company at 436s, compared with the
low sale on the Stock Exchange OF 43A.
Three hundred shares of Chalmers
Motors common brought 81 q share.
New-York tribune., 1918-09-12
Telephone
Hanover 65t4
--Matur1ty-

Federal Reserve banks on commercial
paper ON all periods up to rj"ety days:
New-York tribune., 1918-09-12

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., 1918-09-12

Ninety days ......o 4I2QD5
Four months ....6 S @5M
Five to six months 6 5 ASA
Commercial Paper.-There is a fair
demand for commercial paper. Prime
paper of ali dates is being discounted
sat 6 per cent.
Bank Acceptances.-This market is
active and a large volume Of business
is being done. Many banks are re-
ported to be buying prime bills in an
ticipation Of subscriptions to the fourth
Liberty Loan. Corporations are said
to be buying acceptances on q larger
scale than heretofore.
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent. Per cent. Fer cent,
E ieible
m g m Der
banks. :. .4A@4 49a@414 4ss@4A
E igible
Der banks4A @4a 49s@4a 47s@4A
n Ell ligi.b
bank bills5A@4 6A@4s4 sA@4s4
For delivery within thirty days:
Per cent.
Eligible member banks. ..4N
Eligible non-member banks. 80. A5s
Ineligible bank bills. ...........6 6
Discount Rates.-The following table
gives the current ystes OF the twelve
New-York tribune., 1918-09-12

Discount Rates.--The following table
Eivss the current yates OF tho twelve
Evening journal., 1918-02-12

critics are to be affected He read ex-
tracts from Wilmington newspapers
which were favorable to the project and
stated that he had secured the views
OF most OF those whose properties
were affected and from these he had
reached the conclusion that there was
comparatively no opposition TO the pro-
iect
Referring 90 the cutting OF shade
trees and the opposition expressed by
one or more property holders, Mr.
Nields stated that the sidewalks and
trees were the property Of the city Of
Wilmington and In support Of his CON
tention read a portion Of deed given
by Joseph + Lowering and wife in 1865.
In which that portion Of the street had
been given 10 the city
John j. Raskoh spoke of the vast
improvement the widening Of Della
ware avenue would be 60 that section
Of the city. lie referred briefly to the
vast sums Of money spent by other mu-
inequalities in making these improve
ments and what a lasting benefit II
had proven 20 these cities. He stated
also that the widening Of Delaware
avenue simply meant that the ceme-
terry would not have to be cut through
TO accommodate yehicular traffic. as The
increased space would take care Of all
travel for generations to come.
The Avenue Beautiful" that il IS
proposed 30 establish calls for. the wild
ening Of Delaware avenue from Tatnall
TO Van Buren street, making it rs feet
6 inches over all. The trolley tracks
are TO be separated a distance of q feet
6 inches. leaving a space for automobile
trafllo in the center OF the street and
space on the sides between the car
tracks and the curb for parking auto
mobiles.
Following the meeting Mr.. Mitchell
said that he was not opposing the wild
ening Of the avenue but he was op-
posed 10 the plan for separation OF the
car tracks. The scheme as outlined
might be for the benefit Of those who
were using automobiles up and down
the avenue, he said. but IL would create
a danger zone IN the center Of the street
that does not now exist
Evening journal., 1918-02-12
Gas IN The stomach
IS DANGEROUS
Recommends Daily Use Of SIsgnesis To
Overcome Trouble. Caused by Fer
menting Food and Acid
Indigestion.

Gas aud wind in the stomach accom-
panied by that full, bloated feeling after
eating are almost certain evidence OF the
presence Of excessive hydrochloric acid In
the stomach, creating so-called "acid In
digestion"
Acid stomaehs are dangerous because too
much acid irritates the delicate lining OF
the stomach, often leading 20 gastritis. &C.
companied By serious stomach ulcers Food
terments aud sours, creating the distress
ing gas which dietends the stomach and
hampers the normal functions OF the vital
informal organs, often affecting the heart
II is the worst Of folly 10 neglect such
a serious condition or TO treat with ordin.
ary digestive aids which have no neutral
izing effect on the stomach acids Instead
get from any druggist o few ounces OF
bisurated Maenesia and take teaspoon
tul 10 a quarter glass Of water right after
eating This will drive the gas, wind and
bloat right out Of the body, sweeten the
stomach, neutralize the excess acid and
prevent its formation and there Is no sour
ness or pain Bsuratod Magnesia ln now
der or tablet form-never liquid or mnk)
Is harmless 20 the stomach. Inexpensive 70
take and the best form Of magnesia for
stomach purposes. II is used by thousands
Of people who enjoy their meals with no
more fear Of indigestion
Evening journal., 1918-02-12
FUEL ORDER MAY Be
SUSPENDED TONIGHT.
Mild W Gather Aided in Clear.
ing Up Transport ton,
Problem, Capital Reports
u TO PROBE
PRICE FIXING

WASHINGTON. Feb. i2-lndications
today are that Fuel Administrator Gar
field viii soon suspend the Monday
closing order, in view Of the better
weather and improved railroad traffic
conditions.
Reports during yesterday to the Di-
rector General Of Railroads show that
lraflc conditions are improving rapidly
despite floods in many parts Of the
country. Coal mines are receiving
empty cars in larger number than for
weeks past and loaded cars are moving
TO their destinations The Fuel Ad-
minlstratlon's order glving preference
in distribution TO household consumers,
ships. public utilities and preferred war
industries consequently is just now
really becoming effective.
The Fuel Administration is planning
to prevent a recurrence OF the recent
situation, in which domestic consum-
ers throughout the East found them
selves unable to obtain fuel supplies.
l.. A. snead, who has been in charge
Of distribution, was named yesterday
assistant to Dr. Garfield and win make
a tour Of the country, comforting with
local fuel committees and officials on
arrangements 10 take care Of domestic
needs. Mr.. snead will inquire also
into retail prices and will assist the
local committees In arriving at a biss
for fixing prices.
The Administration plans to create
reserve supplies Of coal in all the con
sumng centers 10 be used TO meet any
emergency that may arise through
breakdown in transportation or from
other causes
The intention Of the Fuel Admins
tration, said Or. Garfield. rs TO see
that the domestic consumer is able
TO obtain coal and that he gets the full
benefit Of the prices fixed by the Gov
Evening journal., 1918-02-12
NON-suppORT cOLLEcToNs.

state Probation Onlcer Frank Stout
submitted the following report for
January to Municipal Court today:
Collected from court orders, January,
1918, S4,66025; total collections from
the court. si6i.2i7O5; number Of chill
dren involved, January, 1918, i05; num-
Der OF wives and mothers involved
January 1918 227; collected from spe-
cial cases, January, 1918, $3.50 80; total
collected from special cases, January,
1918, S22,3S9 50; number OF children in
volved, January, 1918 "a; number Of
wives and mothers involved, January
1918, q; total amount collected from
court orders and special cases to Janu-
ary 81. 1918, siS3,636.60