davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-02-08
Money and Credit

Money rates hardened yesterday, call
loans on the Stock Exchange ruling at
Az per cent, compared with 31s per
cent the day before.
Loans made yesterday if not called
to-day will carry over until next
Wednesday, as the Stock Exchange
will be closed on Tuesday-Lincoln's
Birthday-as we'll as on Monday, and
it was considered natural for the banks
to ask higher rates for such accommo-
dations.
Although the announcement made by
Secretary McAdoo that he intends to
issue s3,00o,000,ooO of Treasury certifi-
Gates Of Indebtedness in anticipation of
the next Liberty Loan had no apparent
effect on the call money market, it
tended to keep rates for fixed date funds
firm. The banks have been expecting
some such an announcement and for
that reason had been restricting offer
ings Of fixed date funds for several
weeks past.
Ruling rates for money yesterday,
compared with year ago, were as fol-
lows:
Yesterday. Year ago.
Call money ...... 4L2% 2L29o
Time money (mixcd collateraD:
Sixty days. ..5A% 2Ia@2s4%
Ninety days. ...534% 234%
Four months. 5a4@6% 234%
Five to six mos. 534@6% 224@3 %
Commercial Paper.-This market was
6rmer yesterday, rates ON the best reg
New-York tribune., 1918-02-08
Fullest Cooperation
Promised McAdoo
BY Bankers Here
Sale of Certificates in Advance
of Next Liberty Loan Meets
With Approval

Leading banks and trust companies
in New York telegraphed to Washing
ton yesterday expressing their willing
ness to cooperate to the fullest extent
possible with Secretary McAdoo in
taking up the $3,00000O,00O of certifi-
Gates of Indebtedness that the Treas
ury plans to sell in anticipation of the
third Liberty Loan Offering. The banks
had been requested to reply as soon as
possible to the Sccretary's appeal that
they set aside per cent of their gross
resources each week for investment in
the short-term certificates.
Bankers expressed the opinion that
the banks would be able to absorb the
short-term certificate issues without
great difficulty, although it was con-
sidered likely that it would entail con-
siderable shifting of outstanding loans.
1t was also asserted that the curtail-
ment of credit accommodations to nom
essential industries probably would be-
come more drastic as a result of the
increased government demands on the
banks of the country.
G. There was no apprehension in Wall
money market to stand the strain.
Owing to the prevailing system Of i'm
mediate redistribution of the funds
collected by the banks in bank deposi-
taries the operation, it was pointed
out, would be largely one of bookkeep-
ing. Attention was also called to the
fact that the so-called bankers money
committee, with its $2O0,O00,OOO pool,
stands ready to prevent any danger
GUS squeeze in money rates.
Secretary McAdoo's plan of financing
for the next few weeks by series of
certificate issues was not a surprise to
the bankers. 1t had been expected that
some such offering would be made. In
fact, most of the large Wall Street in
stitutions have been extremely con-
servative in their extension of private
credit accommodations for fixed pc
rods in order to be prepared to meet
the governments demands
In financial circles the sale of the
certificates Of indebtedness, available
as they are for the payment of sub
scquent issue of long-term bonds, is
considered as good vehicle for the
ultimate distribution of the bonds.
When bank buys the certificates it
does so with the knowledge that later
on it can turn them in against sub
scriptions from customers for the Lib
crty Loan bonds
New-York tribune., 1918-02-08
Willing to Glue
Euerything but Fixtures

WASHINGTON, Feb. 7. - Whole
hearted cooperation by banks and trust
companies was pledged in thousands of
kilograms which came to-day to Secre-
tary McAdoo, in response to his appeal
to banks to appropriate l per cent Of
their resources every two weeks for
twenty weeks for purchase of certifi-
Gates of indebtedness to be issued in
preparation for the third Liberty Loan
Some of the kilograms indicating
the enthusiasm of the bankers were:
"You can have everything in our bank
but the fixtures" "Our resources are
$1,890,000. Ten per cent would be
$4,000. We have this day set aside
100000 subject to your call"
"Our resources are at your COM
mand. They will be of no use to us if
Germany wins"
New-York tribune., 1918-02-08
@ Wealth Markets ~
Jump in Earnings of
Am. Steel Foundries
Chicago Pneumatic Tool Also
Reports Substantial Gain
for 1917

Total income Of the American Steel
Toundries last year jumped to $685.
674 from $4,225,810 in 1916, and the
surplus after interest charges and war
taxes, amounting to $2,287 500, was
$5,531 ,s3e, compared with $3,374,s75 in
1e16. Last years surplus was equal to
$32.13 a share on $l7,184,000 capital
stock, while that for 1916 was equal to
$19.64 a share. In 1915 the company'ss
total income was only $502,765, and
there was deficit that year Of $219,-
574 after deductions for reserves, sink
ing fund and interest charges.
The annual report of the Chicago
Pneumatic Tool Company for 1917
shows a surplus Of $1,169,39o, equal to
$18.o3 on $6,485,S00 capital stock out
standing. The surplus for 1915 was
$953,423. equal to $14.70 share on
$6,448,8OO capital stock outstanding
that year. For 1917 war taxes the COM
pany has set aside $227,674.
New-York tribune., 1918-02-08
Many Registrations Under
Foreign Exchange Ruling

WASHINGTON, Feb. 7. - Many
banks and other institutions or indi-
viduals dealing in foreign exchange or
business houses doing foreign bust
ness have applied to Federal Reserve
banks for registration certificates TO
continue in business after February
Is, subject to restrictions imposed by
the government, the Federal Reserve
Board announced to-day. These appli-
cations still are being received, al
though officially the last date for max
ing them was February s. The board
issued this reminder to-day:
merchants, industrial corporations,
stock exchange brokers and others, as
do foreign business, should ascer-
tain from their Federal Reserve Bank
whether the nature of their business
is such as to require them to apply
for registration certificate"
New-York tribune., 1918-02-08
New York

Railroad Official Resigns--E. D. Levy
resigned yesterday from the position
of vicepresident of the st. Louis &
San Francisco Railroad. 1t was ex.
planned at the general Offices Of the
road at St. Louis that his resignation
was due in part to antagonism toward
him on the part of members of Train
pulpa, Okla. A week ago the train
men adopted a resolution charging
that Levy had "intimidated employees
of the railroad until conditions became
unbearable and loyalty to the property
impossible" Mr.. Levy entered the SER
vice of the Frisco in 1904 as a stenog-
rapher: Eighteen months ago he was
made first vice-president.
r. H. Fiero's Membership Sold.-The
Stock Exchange membership of R. H
Flero, who was recently expelled from
the exchange for conduct "inconsis-
tent with and against the just and
equitable principles of trade" was sold
yesterday to James E. Bennett for
$4,000. The seat of the late Irving
II. Waggoner was transferred to Charles
w. Hill for the same price. Announce
ment was also made yesterday that
Harcourt N. Trimble had been elected
member Of the exchange.
Irving Trust Bids for Market B Full
ton Bank Stock.-Official announcement
was made yesterday that the Irving
Trust Company had made an offer for
stock control of the Market & Fulton
National Bank with the purpose of
consolidating it with the trust COM
pany. The directors of the national
bank have recommended to the stock
holders that the offer be accepted and
have deposited their own stock under
an agreement which calls for a pur-
chase price of $3o5 a share.
The business of the Market & Full
ton Bank, it was announced, will be
continued in its present location, at
81 Fulton Street and there will be no
change in the policy of the present
management. 1t is expected that Alex
ander Gilbert, chairman of the board
of directors, and Robert A. Parker,
president. will become respectively
chairman of the board and vice-pres
ldent OF the Irving Trust Company.
Opens New Branch Bank.-The Corn
Exchange Bank will open new branch
at the corner of Fulton and Pearl
Streets
New-York tribune., 1918-02-08
Dollar in Foreign EXCHANGE

exchange moved sharply against
Italy yesterday, the rate declining 70
S.61 lire to the dollar. In EXCHANGE
circles the movement was attributed in
part to the announcement from Italv
that the Italian financial authorities
have decreed that until six months
after the conclusion of peace the sums
payable in gold as Custom House dues
may be paid directly to the Custom
House Offices in paper currency through
the addition of SO per cent of the sum
to be paid.
French exchange was easier. but
sterling rates were firmly maintained
slight advance was recorded in Span
ish pesetas, which went to 24.1O cents
for checks.
Closing rates yesterday, compared
with week ago, are given in the table
below. American bankers have sus-
pended all dealings in German and Aus
trian exchange, SO that daily quotations
for either marks or kronen are no
longer available.
New-York tribune., 1918-02-08
296 State Banks Now
In Federal Reserve System

WASHINGTON, Feb. 7.-Forty-six
state banks and trust companies which
joined the Federal Reserve system in
January brought the total number of
state institutions now members to 1885,
with total capital of $232,609, 900 and
surplus Of 1912, $4,000, and resources
Of 100000.
New-York tribune., 1918-02-08
Elections

Frank NJ. Summer and Edward NJ.
Day have been elected directors of the
iles-Bement-Pond Company and Pratt
& Whitney Company.
A. r. Nicol, treasurer of the Atlantic.
Gulf & West Indies Steamship Com
pany, and c. NJ. MacNeill, president
of the Utah Copper Company, have
been elected directors of the Scandi-
navian Trust Company.
New-York tribune., 1918-02-08
. Decrease.


London Money Market.
FEB: 7..-Money was quoted at 3A per
cent; discount rates, short bills. 132
per cent; three month bills, 1-16 per
cent; gold premium at Lisbon. 11O.
~ Gold Exports Dwindle-WASHIN
TON, Feb. Met gold exports have
decreased to less than s386,oO0 week,
ten times under the outward movement
last October, under influence of the
governments license restrictions. For
the five weeks ended January 18 the
Federal Reserve Board reported TODAY
net exports were S1,932,00O. This was
about half the rate of the preced.
ing. month. Imports were s3,5o6 ooo
manly from Canada, Mexico and South
american countries, and exports were
So'43So00 chiefly to Mexico, Canada
and a, Chile. For the year 1917 the '1et net
movement Of gold into the country
vas y as s1s1, SAP, 900, as compared 'uwitS witS
$529,, $4,000 for 1916 and s42o, ,52e 600 90
ln rold 1sa5; atock1 Thus sa.t the eountrys gain
been $1,050,785,O0O. ""s
New-York tribune., 1918-02-08
Baldwin New Pool Fayorite

Despite the fact that the general
market turned weak in the last hours
trading, Baldwin Locomotive closed at
65k, its high price and gain of 15s
points. With the exception of Steel
common and Marine preferred, trading
in the stock was more active than in
any Of the industrial issues. The main
tenance of the early display of strength
was attributed to pool operations.
New-York tribune., 1918-02-08
Pipe Lines Profits Less

The Crescent Pipe Line Company re-
ported yesterday net income for 1917
of $167,129, equal to $2.78 share on
the 100000 capital stock This COM
pared with 1921 share earned on the
stock in 1916.
Profits on the South West Penn Pipe
Lines in 1917 were $338,536, against
$456.358 n 1916.
New-York tribune., 1918-02-08

dend of 1ia per cent, payable March l
stockholders tof record February 10. ...,,
Siiversmiths Company.-Regular Gua.i<.Sd
dividend of 1js per cent on the preieI'J
stock. payable February Is to stockholde1' =
record February 7. I'D.
Tampa Electric Compary.-Quarterya ga Il
dend OF $3.50 share. payable Fenrus0
to stockholders of record February I. =,
Niles. .Bement- Pond Company. - nssaZs
Quarterly dividends of per cent Oh tne .s -
mon. payable March 90 to stocknoios.. -
record March. and u per cent on tns VI
ierred stocks. payable February 70 % s
holders OF record February Z.
New-York tribune., 1918-02-08
Coffee and Sugar Exchange
Takes in New Member:

Matthew j. Hoey, James F. McDon-
nell, Louis V. Sterling, Herbert w.
Bienenstok and Benjamin Block have
Coffee & Sugar Exchange.
New-York tribune., 1918-02-08
Corporation Returns

Commonwealth Power, Railway &
Light Company.-The company reports
gross earnings of s3,O41,13O for the
year ended December 81, compared
with s3,45S,729 for the previous year.
The balance, after expenses, taxes, in
terest. and debt discount, was s2,149,-
624, compared with s2,65l,743 for a
year ago. Surplus after dividends was
for 1915.
New-York tribune., 1918-02-08
Extra Dividends

Chicago Railway Equipment Com
pany.-An extra dividend Of S ner cant
cash has been declared, in addition to
the stock dividend of 20 per cent. both
payable February 18 to stockholders Of
record February Z "
New-York tribune., 1918-02-08
Dividends Declared

Central Arkansas Railway & Light Coruo-
ration.-Regular quarterly dividend Of ! ..
Per M cent on the preferred stock. payable
ruary 15 Ae'olo reD-
Crescent Pipe Line Company.-Rev,,.r
quarterly dividend of Is cents per shara
payable EsS March Is to stockholders Of record
National Acme Cempany.-ou.r+er,v ,,,..,
New-York tribune., 1918-02-08
News Digest


Shipping Shares Active in London
Market.-LONDON, Feb. THE stock
market maintained cheerful tone to-
day Home funds received better at
tention, but Cornish tin mines and
speculative oils continued the leaders.
Shipping shares we're active and firm
despite the continued sinkings by sub
marines. Foreign issues were steady.
PARIS, Feb. 7.-Trading was dull on
the Bourse to-day. Three per cent
rentes, 81 francs so centimes for call.
Exchange on London, 27 francs II
centimes; 5 per cent loan, 81 francs
80 centimes.
New-York tribune., 1918-02-08
Relevant Comment
Wall Street Shocked but Calm

Comm ission houses received many
anxioua inquiries from customers be-
fore thE stock market opened yesterday
as to the probable effect on prices Of
the news that American troops had
been lost on the Tuscania In most
cases they were told that the sinking
of the ship would have to be consd-
cred as only an incident Of the war, and
would therefore not be much of a
factor in the days market. This proved
to be the right line of reasoning, for
Wall Street, although shocked at the
news, did not rush to sell stocks, and,
after heavy opening, prices rallied
substantially. Later in the day the
professional traders picked out stock
here and there and hammered it down,
but there was little or no liquidation.
New-York tribune., 1918-02-08
Harvester Notes Paid Off

]. P. Morgan & Co. announced yes
terday that the $6,104,0OO of Interna-
tional Harvester Company of New Jer-
sey threeand-a -half-year per cent
gold notes, due February Is, will be
paid off in cash on and after that date.
This issue constitutes the only funded
debt of the company, as the $10,000,000
notes due in 1921 have been assumed by
the international Harvester Corpora
finn
New-York tribune., 1918-02-08

Discount Rates.-Official rates of
discount for each Of the twelve Fed
eral districts arc as follows,
New-York tribune., 1918-02-08
Carolina, Clinchfield & Ohio

1917 1918
December gross. $332,3s5 s32e,5eo
Net ............... 1926, 1872 t68O36
Surplus .......... 1878 81,918
- months gross. 4,285,3e0 3,276, ,487
Net ............... 1,S35,08o 1884 ,2os
Surplus ........... Se9,794 587,71e
Southern New England Telephone
Company.-The company reports total
operating revenues of s4,787,S64, com
pared with $4,556,5S9 for 1916. Bal
ance after taxes and expenses was
$9S0,914, compared with $S85,O61 for
the previous year. Dividends amount
ed to $4,000, an increase of $4,000
over the year before. The surplus for
the year was s40,733, against $1O9.o57
for 1916.
ottawa Electric RaiIway.-Net earnings
for the year ended December 81 were S535 -
289. compared with $484 ,564 for 1916. Div;
dends amounted to $281 $50. against s281 .535
Tor year ago. Surplus after taxes. experses
etc. was Sl8.089. compared with sal 792 for
the previous year AVA
Mohawk Valley Company.--Net earnings
055. compared with 81 .954.754 for a year AGO
Cross income was 81. .645. .211. against ST. 700.
go Tor the previous year. Balance avsilahls
dor M dividends was $623.920. compared with
$i9Z.8l9 for 1916. Dividends amounted N
s449.SoS. the same as a year ago. surplus
was $l14.044. compared with $338.626 a
year ago. a
New-York tribune., 1918-02-08

ular maturities being quoted u higher
at 5N to per cent.
New-York tribune., 1918-02-08

Silver.-Bars in London, 43d; un-
changed. New York, S6lsc; unchanged
Mexican dollars, 6SAc; unchanged.
Snb-Treasury.-New York banks
gained from the SubTreasury 1000.
Bank of England.-LONDON, Feb. 7.
Gold holdings of the Bank of England
decreased s2,549 during the past week.
The proportion of reserves to liabilities
is now 1856 per cent, against 1887 per
cent last week. The report, with the
New-York tribune., 1918-02-08

Bank Clearings.-Tha DAYS bank
clearings at New York and other
cities were;
The Washington herald., 1918-05-01
Modern Venus De Milo
Will Visit Washington

Among the forty beautifully formed
women who will appear in the living
statnary during the performance Of
the Bsrnum q Bailey circus here next
Monday, Tuesday. and Wednesday
[one figure viii stand forth as the most
beautiful In form and grace. In the
center group. standing above the 9TH
(ers, Miss Ena Claren, famous.
throughout the world as Seldom's We
mus. viii attract all eyes because Of
|her art In posing and the perfection
Eof proportions Of her body. She is q
eperfect reproduction of the Venus de
MILO with the exception that she is
two inches smaller in the waist and
traction OF an inch smaller in the
wrists.
Miss claren has complete charge Of
the statuary act In the circus. She
invents the poses and arranges the
ksettinss. She In an artist to her I'm
fger tips.
Daughter Of q Dutch artist, Miss
Claren spent the first eighteen years
OF her life as the studio companion of
her father. She was Surrounded at
all times by beautiful works of art,
e@-Nf - "NA AethSa olooAO was IN
Paris, she met and became friendly
with all Of the famous artists Of the
French capital. II was two years
after the death Of her father that she
met Paul Seldom, who was IN Paris
In search OF perfectly formed wom-
an to appear on the stage in repro
ductions of famous marble statuary.
Although she had never posed before
she volunteered. and the perfection
of her form was soon the talk Of Eu-
rope. Several seasons in America
made her equally well known here.
She Joined the Barnum & Bailey cir
Gus two seasons ago.
Miss Ciaren says that she never
takes any extraordinary exercise and
eats what she pleases. However, she
has certain rules which may be con-
sidered rigorous for women who wish
to retain their beautiful figures. She
Is in bed every night at 10 o'clock and
The Washington herald., 1918-05-01
THE TOWN CRER.

The Pennsylvania Avenue Hut Of
the Z. N. c. 4. at Ninth street and
Pennsylvania avenue northwest,
will be dedicated at o'clock Fri
day night
The Association Of Oldest Inhabi-
tants of the District of Columbia
will hold the regular monthly meet
ing at the Union Engine House,
Nineteenth and H streets northwest
tonight at 1880 o'clock.
A meeting Of the Board of Edu-
cation will be held this afternoon
at 4:30 o'clock in the franklin
School building, Thirteenth and
K streets northwest.
Pupils OF b. Frank Gebest Will
give a recital at 1919 Connecticut
avenue northwest, at $3.50 o'clock
Friday night.
The Federation OF Citisens' Asso-
Citations will hold its regular meet
ing next Saturday night at s o'clock
in the board room of the District
Building.
The Cathedral Heights Citizens,
Association will meet tomorrow
night at o'clock in st. Alban's
Parish Hall.
Members Of The Arts Club will
hear Felix Garziglia in a Debussy
recital at $3.50 o'clock tonight, at
ZO17 ! street northwest.
The Washington herald., 1918-05-01
Steel FLUCTUATIONS
END With STRENGTH
Usual Dividend Finally Declared
Heartens Wall Street.
BY BRADAN WALL.

New York. April 30.-wall Street
had its usual professional Tuesday re-
action, today, and recovered from 1t
as usual The market opened steady
and advanced under leadership Of
Steel. Then somebody got a notion
that maybe the dividend on Steel
would be reduced in the afternoon.
Everybody Immediately sold. and the
market was very active and weak
for a couple of hours. Then the idea
became prevalent that the dividend
would not be cut. and everybody
bought stocks. After the close the
usual dividend was declared just as
everybody expected 1t to be. The re-
cent statement by Judge Gary was
made good by this declaration OF the
regular one and a quarter with the
usual extra of three per cent.
Cotton had another violent day. but
this time on a rising market.
American Telephone made a new
low record for the last eleven years.
Steel earnings for the quarter ended
March 81 left S7.H a share for the
common. against $17.9S a share for
the same period a year ago:
Western Union stockholders are
getting a little nervous over the labor
situation. 1t is not believed the dis
pute will end in a strike, but a set
tlement has not yet been reached.
The Washington herald., 1918-05-01
WASHINGTON PRODUCE.

The wholesale market report this morning ar
ranged about as follows:
EGGs-strictIy fresh. 81; average receipts. 81;
Southern. Sc
CHEEsE-New York state factory. new, Zas.
BUTTER-Elsin Print. kh; Elsin tub. tis
process, GAS.
LIVE POULTRY -Roosters, per h.. 2: tur-
keys. per h.. 81: chickens. winter. 4oaiS ID
chickens. spring, 65asS PER ID; hens. per b..
q; keats. young. each. 90.
DRESSED PoTLTRY-Fresh killed winter
chickens. ,b. Ssat2; turkeys. h.. ss6; rooste1s.
h.. 9: geese, lb.. aOa5: ducks AA,5.
GREEN FRUITS-Apples. per bbL. 3.ooa70;
box, L2saS5o: F1orida oranges. 7.ooAs.5o; LEMONS.
5.ooA5.0; grsdefruit, crate, 3Saso; straw
berries. bo1, lsa25.
Potatoes. No. I. northem, 100
IbsL. Les; McComicks. a.oe20 pr standard
bbL; sweet potatoes. 4ooa7.7 bbl; No. :.
3ooaLoo bbl.; string beans. per BASKET, 2ooA
500: peppers, crate. 3.0oai.oo: otza, crate. so
a5oO: radishes. per 100. 3sOa6oo: cucumbers,
haskell. 2soA3.so: eggplant. 3.oosLso crate; cab
bage, new, southern, per hamper, l.ooal.D: per
per cwt., 275a3.0; beets bunch. 5As; lettucr.
l.0oa2.5o basket: celery, Looal.3 doz.. F1onda
celery crate. 3ooaioe; rouains lettuce, 5oai 90;
squash, 2toasoo crate; spring onions. lsas2oo
per punches; onions. per sack. l0a2oo; onions.
Texas, crate, 2soaz65; spinach, aooa3.oo pa
bbI hale, Looai.B: tomatoes. Florida. cyats.
35,aI5; peas. 2ooaL0 per basket; rhubarb.
25os30 Per 100.
LIVE STOCK Sheep. per ID. 7ss; lambs.
spring. 2a25; calves; per lb.. III medium, per
h. l6aif; common, per III, l2al3.
SEEDS-Red clover. 9.5aZl.oo per bushel;
alsike clover. T.Nals.0o per bushel: crimson
clover. ,2s0aI5.uo per busheI; timothy. ISai.so
per bushel: red top. AooslSo0 per 100 lhs-
bluegrass. 3.oOa3.5o
G"AIN-Whsat, milling per bgshei. 2loz2 %;
corn. per bushel. l!75al@; oats. white l.ooalUl
mixHd oats, gs9s; hay, No. !. 0esNeU; No. 2.
Hra90.