davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-11
Funds Scarce in Canada

The scarcity of funds for borrow
ing, even on excellent credit of the
Canadian provinces, according to "The
Monetary Times" Of Toronto, result
ed recently in the Province of British
Columbia going to the Dominion gov
eminent for a loan. Before doing this,
however, negotiations were opened
with bond dealers, and a number of
bids for loan of 100000 were re-
ceived. The best offer that the prov
lnce seemed able to command was on
about tx per cent basis. Not being
satisfied with these terms, application
was made to the Dominion govern
ment. which advanced the sum needed
at 6lsN per cent. Last year British Co.
lumbia sold S1,0oo.O0O of short term
securities at 686 per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-11
Relevant Comment
New Zealanders Watch Brokers

A party Of New Zealand soldiers
visited the Stock Exchange yesterday
morning. They watched the stock
traders from the visitors gallery.
Others In the unit reached the ex-
change after the market had closed
and were disappointed at missing one
of the sights they had long wished to
see. The men from the Antipodes are
members of the seth Reinforcements
of the New Zealand expeditionary
force, and are bound for the battle
front overseas. Between 800 and 900
New Zealanders were in the city.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-11
Wealth Markets and Commerce

York reported an increase of about
s40,o0o,o00 in bills discounted and
bought. The expansion of this item
was reflection of the money market
stringency. which made it necessary
for many banks to exercise the reds-
count privilege with the Federal Bank
The aggregate of gold in the vaults of
the bank and in the settlement fund
decreased from s584,S59,025 to 1884,
669,189 last week.
Bank Acceptances.-Rate yesterday
were unchanged. as follows:
Thirty Sixty Ninety
Spot de- days. days. Gays.
livery: Per cent. Per cent. Per cent.
! Bile
m m Der
banks. .4a@4 4a@4M 4h@4N
E igible
non-mem-
Der banks.414@4Is 4ss@4h 43a@4A
Ell igible
bank bills.5I4@424 5I4@4s4 5A@43z
For delivery within thirty days:
Per cent
Eligible member banks ........ 4e
Eligible nonmember banks..... -
Ineligible bank bills
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-11
Corporate Returns
Havana Electric Railway, Light and
Power Company.-Gross earnings for

IIdVAHd EicStIIC halfway, Light ana
Power Company.-Gross earnings for
the first six months of the current
year amounted to $3,92OO85, which
compares with 1921 ,O42 for the same
months of the preceding year, an in
crease in gross of $669, 043 Net after
taxes totallcd $2135,75s. against ST.
846,488 for the corresponding period of
last year. Surplus after charges was
$l,396,120, compared with $956,258 for
the first half of 1917, an increase of
$439,862
II. M. Byllcsby & Co.-Report of
operations Of the company's combined
properties for July dscloses gross
earnings totalling $1,712,473, against
Sl,465,313 for the same month of the
year before. Net earnings were $685.
100, which compares with $652,412 for
the corresponding period of last year
Gross earnings for the twelve months
ended July 81, 1913, amounted to SOL
036,672. compascd with S1s,l37,16l for
the preceding twelve months. Net
earnings for thu period were $8,5S5.059.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-11
Past Prices fox Cotton

The average price of middling cotton
(the average of the crop) last year was
1886 cents per pound, against 1871
cents the preceding year and 791 in
1914-15. Records show that the high
est average price reached for middling
cotton in the South prior to the Civil
War was 19 cents. That was in 1884
rs. In 1S66-67 cotton sold as high as
A2 cents pound.
In the year ended July 81 it is est-
mated that American cotton to the
amount of 1929, 900 bales was CON
sumed by the world. against 100000
bales in 1867 and 14.S12,0 900 bales
in 191516. Foreign CONSUMPTION is
estimated at 1928 900 bales, compared
with $500 900 bales in the preceding
Consumption in the United States dur
ing the past year required 7,454,000
bales of cotton, against 7,356,0O0 bales
in 1861
Mills Short of Labor
The report says:
"The history of the American mills
has been one of continued activity and
profitable prices for manufactured
goods. The mills and consuming estab-
lishments as a rule have made all the
time possible with a reduced supply of
hands. North and South, particularly
the latter, most of the mills complain
Of shortage Of labor, which has inter
ferred materially with consumption,
which otherwise would have reached
new high mark.
can interesting feature of the years
business has been an increase of 234,
600 Of linters. consumed and decrease
of 10000 bales of foreign cotton.
ut has developed that during the
past three seasons quite an amount of
manufactured linters has been in
cluded in both domestic manufactures
and raw cotton exports. This duplica-
ton amounts approximately to about
10000 bales per annum this and last
year, and all of 100000 the year be-
fore last 1t is not possible to arrive
at accurate figures, but it needs only a
simple calculation to show that consd-
erably more than the Inter production
was apparently disposed of in the way
of home consumption and exports"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-11
Elections

Halford Erickson, formerly Of the
firm of Hagenah & Erickson has been
elected vice president Of the LOUIS
will Gas and Electrie Company
H. H. Hermes, manager OF the new
business department. OF the Oklahoma
Gas and Electric Company. has Deen
appointed Illuminating Engineering
Administrator for the State Of Okla
homa.
C. j. Peterson, of the Northern
States Power Company, has been eject
ed general superintendent of that con
Germ, succeeding C. j. Clarey.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-11
Caroni River Water Power

The Caroni River in South America
Is said to have remarkably even year
around flow for tropical stream and
also to afford a great opportunity for
the development of electrical power.
mere are three waterfalls within n
short distance Of tho spot whore if
empties into the Orinoco River. and
from the lowest of these it is csti
mated more than million horsepower
can be generated without any neccs-
sity Of building dams.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-11

A feature of the investment mar
ket in the last few days has been
somewhat keener bidding for munic-
ipal issues, induced by suggestions
from Washington that municipal
and state bonds be made taxable
1t is assumed that if the proposal
is adopted it would apply only to
new issues, and would therefore in
crease the relative value of out
standing ones. 1t is not generally
realized how important the tax ex-
emption feature is to those with
large incomes To an individual de-
irving an income of $15O,00O a
year from investment in bonds yield
ing an average of 5 per cent, exemp-
ton of income from Federal taxa
ton is worth approximately LOS
per cent. In other words, the net
yield on a taxable 5 per cent bond
is one-tifth less than the net yield
on one bearing the same rate of
interest but exempt from taxation.
Naturally, the disparities will in
crease as income tax rates are
raised The value Of tax exemption
was we'll illustrated last week, when
the Liberty 81 IS, the rich mans war
bond, crossed par, while the Az S
were finding a new low level.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-11
Dividends
Regular Declarations

Lanston Monotypc Machine Com
Irregular dividend of ~ per
cent. payable August 81 to stockholders
of record August 81.
Manhattan Shirt Company.-Quar-
terly dividend of 81 per share on the
common stock, payable September to
stockholders of record August 10.
Pacific Lighting Corporation.-Qu
terly dividend Of 3 per cent on the
common and "a per cent on the pre-
ferred stock, both payable August 5.
Acme Tea Company.-Qu Quarterly divi-
dcnd of IA per cent on the first pre-
tered stock, payable September to
stockholders of record August 80.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-11
Sea Lumber Rats Proposed

1t is proposed at Stockholm to raft
lumber across the North Sea when
peace is attained, and an organization
has been effected with that end in
view. Ship shortage will, it is believed,
render it necessary to find new means
of getting sawed material to the Con-
tinent. Logs have been RATED success
fully.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-11
Mercantile Marine Above Par

Revival of speculative activity in
International Mercantile Marine nre-
ferred stock carried that issue above
par yesterday, for the first time in
several weeks. 1t sold up to 1ooss and
closed at 997s, for a net fractional
gain, in total turnover of 5000
shares. Little has been heard in the
last fortnight of the proposed deal for
the sale of the companies British
tonnage. Last reports were to the ef-
feet that the negotiations were "pro-
ceedlng satisfactorily" That was
about month ago
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-11

Silver.-Bar silver in London was
4S}sd, unchanged; New York, 995sc
Unchanged; Mexican dollars, TIC, un-
changed.
Sub-Treasury. The banks lost
$4,000 to the Sub-Treasury yester-
day.
London Money Rates.-LONDON
Aug. 1o.--Money was unchanged at 9
per cent. Discount rates were: Short
bills and three month bills 1882 per
cent. Gold premiums at Lisbon re.
manned 10000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-11
VIII Report ON Telephone Sale

j. P. Morgan & Co. will make an
announcement tomorrow morning re-
garding sthe sale of the American
Telephone and Telegraph securities
through a syndicate of which it was
the head. Reports from Boston yes
terday indicated that the public had
absorbed the issue, but these could
not be confirmed
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-11

The steel trade is rising to the
task of meeting the war demands
for the metal in way that astonish-
es even the producers. The short
age resulting from curtailment of
operations in the first two months
of the year, when daily average pro-
duction Of pig iron was only $4,000
tons, is being made up rapidly, and
it now seems practically certain that
the total output for the year will
considerably exceed that of last year
and even the high record established
in 1916. Normally, output in July
tends to fall heavily; that has been
the experience in seven of the last
eight years for which statistics are
readily available. But this year the
daily average production in July
was only slightly more than 45O
tons below the June average, and
far ahead of the July output of any
preceding year. 1t was 81 per cent
greater than the average July pro-
dVction of the seven preceding
years. Moreover, contrary to gen.
eral experience, the number of fur
naces in blast on August 1 was
greater than the number active a
month before. This may not result
in an important increase in produc-
ton, owing to the suspension of
operations made necessary by the
extreme heat of the last few days
but the chances are that output will
exceed that Of last August. The
remarkable thing is that in the face
Of this heavy output there should
be shortage of steel. That is not
without its favorable side, however,
inasmuch as lack Of the metal will
do more than anything else to has
ten the adjustment Of non-essential
businesses to a war basis
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-11
Foreign Bonds Reflect Victories

Allied government securities again
displayed rising strength in the mar
ket yesterday on the news of fresh
victories on the battlefield. The Civ
OF Paris IS made new high record
at 90, this being the best price this
issue has touched in months. Early
this year they sold at s15s. Citv Of
Bordeaux Is went to 9514, a new hieb
while City of Marseilles touched e47I
The Anglo-French per cent bonds
rose to 94A on active trading. Their
low price for the year was SSll
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-11

The above rates express the cost of
foreign money in terms Of the Amcri-
can dollar. You buy an English pound
sterling at, say. s47605. The intrinsic
parity is s4.SGts per pound. Thus you
say either that pounds arc at dis
count or that dollars arc at premium,
which ia owing to tho 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. [volume] (New York [N.Y.]) 1866-1924, 1918-08-11

After a week Of favorable war
news the average price Of fifty rep
resentative stocks shows net ad-
vance of slightly more than three
quarters of a point.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-11

Discount Rates.-Tha 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. [volume] (New York [N.Y.]) 1866-1924, 1918-08-11

Unless proper provision is made
in advance, collection of the income
and excess profits taxes to be levied
under the bill now in the process of
construction is likely to be attended
by serious financial disturbances.
The payment Of last years tax bill
was handled in an admirable man
ner and with a minimum of unset
tlement of the money markets and
embarrassment to taxpayers. But
the amount collected last June was
less than half as much as must be
paid next year, and the measures
which proved SO effective then may
not suffice to prevent crisis when
the nation is called upon to turn ap-
proximately an eighth of it's income
over to the tax collector. Payment
oe the taxes in instruments will do
much to relieve the strain, but an
even more effective plan might we'll
be incorporated in the tax bill. If
the government were to issue what
might be called "tax anticipation
certificates" in denominations as
small as, say $50. and "tax antici-
patton stamps" in denominations of
$40, a very large part of the taxes
might easily be collected in advance,
and tens Of thousands of taxpayers
would be able to meet their obliga-
tons with a minimum Of inconveni-
ence. Moreover, people would COM
mence to save now, when saving is
so vital, instead of waiting until
the tax is almost due, as they did in
thousands of cases this year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-11

Reserve Bank rate 1913 1913
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. [volume] (New York [N.Y.]) 1866-1924, 1918-08-11

Closing rates yesterday, compared
with a week ago, follow:
Quoted dollars to the pound.)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-11

M OF the member banks shown by the Clearing House
lln ene changes from the preceding week. follows:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-08-26
90 PENNSYLVANIANS
IN LIST LAST NIGHT

Warrington, Aug. 26.--The names of
the following soldiers from nearby
points appear in the casualty list an
nounced last night:
KILLED IN ACTION
Corporals
KING. FELIX NJ. a8s East Maiden street.
AMBRUST. CHARLES R.. Greensburg. Pa.
BENDER. FRANCIS A., Altoona. Pa.
DIEKHAUS. WILLIAM ALOYSIUS, Jersey
City.
n street, Scranton. Pa.
DIED OF WOUNDS
Private
rMkEHToS' NJ, JAMES A. "''ha"iesvi''s'
DIED FROM ACCIDENT
Private
RITTER. CHRISTIAN j.. Baltimore. Md.
WOUNDED SEVERELY
Privates
SErroNNI. D0MINICKs Mildred. Pa.
SHARPE. ELMER c.. x. +. ID. No. l. Fred
ericksburx. Pa.
WOUNDED. DEGREE UNDETERMINED
Lieutenant
FISHER. HAROLD. Rutland. n. }.
Sergeant
BAKER. EDGAR f.. BIairsvilIe. Pa.
COrporals
BARKLEY. FRANK H.. Il. +. d. No. 2.
I.ivermore. Pa.
COKE, HUGH N, Schuylkill Haven, Pa.
SICKLES, JAMES NJ. Sunnyside. Pa.
Wagner
MORRISON. GLENN b.. Waynesboro. Pa.
Priyates
BARR. ALBERT A.. East Emporium. Pa
CAREY. ARTHUR r., POttsville. Pa.
DUBl. GEORGE W., POttsvilie. Pa.
F!fRLEY. JOHN c., X. +. ID. No. 1, Miners
willie, Pa.
VORSHA, JAMES D.. BlairsvilIe. Pa.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-08-26
BARS MAY ATTACK
DRY ZONE" LINE
Some Expected to Seek
Safety by Walking
Measurement
AIRLINE PLAN APPLIED
Wholesalers Must Close Doors,
but May Sell Goods Out
side Of Circle
AIRLINE PLAN APPLIED

Some of the Frankford saloonkeepers
forced out of business by the establish
ment of the half-mile dry zones around
the Frankford Arsenal, will base their
fight against the order on the question
whether measurement of the area is to
be made 'as the crow flies" or on the
walking distance from the arsenal
This is the belief of Assistant United
States District Attorney Sterrett. Some
of the saloonkeepers affected by the or
der protest they are not within the hal-
mile area. he said this afternoon
According to Mr.. Sterrett, the Gov
ernment's survey was made "as the crow
flies" while private measurements made
by the Retail Liquor Dealers Associa-
ton were over the walking distance
| from the arsenal. The airline measure
ment, Mr.. Sterrett said, would be
shorter than the measurement taken
by the saloonkeepers.
Mr.. Sterrett also announced that
contrary to expectations, the six whole
salers in the dry zone would have to
keep their doors closed.
They will still be permitted to do
| business, however, according to Mr..
Sterrett. by telephone and by solicitor
zone. 4 delegation of wholesalers called
on Mr. Sterrett today and inquired about
the legality of brewers and distllers
making deliveries to the wholesalers in
| the district, the law providing that NO
| deliveries should be made within the
zone.
Mr.. Sterrett informed the wholesalers
that thE section of the ruling would be
waived and that deliveries would be per-
mitted
Fifteen saloons. in the dry zone"
closed at midnigh; Saturday.
This Is the first day under the new
law. and many men on their way to
work found the customary places of re-
freshment closed "by order of the Gov
ernment" Not single oasis could
be found within the half-mle dry belt
prescribed.
Government agents were in the dry
district to see that the order was carried
out. They were prepared to arrest
violators of the ruling immediately
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-08-26
Towels to Keep Everything Dry

Cotton huck guest towels, neatly
hemmed at the ends, are refresh
ingly white. 12hc each.
Heavy cotton huck towels,
1896 inches-a good size - are
hemmed at the ends and have
white, blue or red borders. SOC
each.
A fine quality of fully bleached
cotton huck towels with hemmed
or hemstitched ends are Soc to
S5c each.
Several hundred dozen of hem
med dish towels are all ready for
use. You may be sure of their
absorbent quality, as they are
half linen. soc each.
Roller Towels
that are also half linen are all
ready to be slipped on the rollers,
SOC and 6Oc each, PA yards long.
(Chs
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-08-26
FARMERS FAIR DAUGHTER IN TROUSERETTES III
DRIVESNILK ROUTE FOR BROTHER IN FRANCE
Ella Lee Tavenner, of Near
Devon, Holds 1t Patriotic
Duty
Quits Teaching School to Help
Father Solve Problem of
Labor

To Miss ELLA Lee Tavenner. in her
trim olive drab trouserettes and blouse,
driving n motor truck and delivering
daily several hundred quarts Of milk Is
just good fun.
To her parents, Mr.. and Mrs. Luther
M. Tavenner. who own the dairy farm
about twenty minutes walk from Devon,
she is godsend In these days of labor
scarcity.
To the brother in France whose place
she Is trying to fill on the farm, she is
a ''res'lar brick"
And the neighbors and patrons-well,
that happy face and CHEEKY greeting
give them n pleasant thought for the
entire day and they know she is doing
her bit for Uncle Sam.
Tall and well built, with big brown
eyes and dark hair and a quick. boyish
smile. the modern milkmaid of Devon
has proved a great success
"Otho. that's my brother" she ex-
planned, enlisted last February and
went overseas July IS. In the motor
supply division. There were Just the
two of US children. and when he went
1t just seemed best for me to come
home and help out. l have taught
SCHOOL IN Sioney, Mont. the last two
years, but l resigned to come back to
the farm.
NO. l don't expect to 60 to France.
l think can help more at home, though
would be glad to &c anywhere IL !
thought could be Of use. Danger
doesn't mean anything to me and I
love new adventures"
Miss Tavenner attended Berwyn High
School and Chester State Normal School
Last summer, between school terms. she
with other teachers of the city, took a
position as railroad operator to supply
places left vacant by enlisted men.
Men are more scarce in the West
than here" she said. THE women have
been supplying in many positions there
Tor more than a year. have been
surprised at the number of young men
left here"
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-08-26
PRICE OF SUGAR GOING UP
Food Administration to Buy al
Old Figure, Resell 1t Advance

Sugar will be increased one cent a
pound
The sugar equalization board of the
food administration announces that in
order to minimize inequalities between
old and new prices it will buy sugar at
the old price and resell consumers at
the new price.
The increase will not be more than a
cent a pound and will not take effect
Immediately. The exact price at which
sugar will sell has not been determined.
Despite the fact that the rulings con-
Cerning the sale and use of sugar are
very definite. many householders do not
appear to understand the instructions
The food administration desires all
to bear in mind that the maximum
sugar ration for household use is two
pounds per person a month.
This means about one ounce a da,
or about six and two-fifths level tea
spoonfuls. Included in the two-poun,
ration are sugars of every kind
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-08-26
Today's Var Names

LAWRENCE. CAMILLoUs P. Ironside
Ore.
Mcguire. JOHN H., Pittsburgh. Pa.
OFT, FIDELIAS c.. Round Mountain. New.
OWENS, THOMAS p, Troy. n. Y.
PETERSON. EDWARD G.. Scipio. Utah.
POTO(HNY. VASTLY. McAdOO. Pa.
ROHR, JOHN. Spanway. Wash.
RORICK, ROBERT H., Sunbury, Pa.
SESTO. HENRY. Omaha. Neb...
SMALL LESTER A.. Oakland, Cal.
SNIDER. SOLOMON. Brutus. Mich.
SPARKS. EDWARD j., 1916 South Fifty.
fourth street. philadelphia. Pa.
PREVIOUSLY REPORTED MISSING.
NOW REPORTED KILLED IN ACTION
Lieutenant
GRIDER. JOHN McGANOCk. Osceola Ark
SwEDBERG. GEORGE E.. Rhinelander
Wis.