davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-05-24
Westinghouse Co.
Reports Record
Breaking Sales
But Taxes Make 1917 Net
Earnings Less Than in
Previous Year

The net income of the Westinghouse
Electric e. Manufacturing Company
for the fiscal year ended March 81 last
was s15,405,6s0, compared with $751;
O79,ss9 a year ago, according to the
annual report issued to-day. The net
manufacturing profit was Sf5,509,469,
against 17,461 ,691 year ago.
The report says that the sales for
the regular products of the company
were larger than in any prcvic US
year, and the gross earnings, which
amounted to s95,735, 5,4O6.75, compared
with $89 ,442 year ago, include s4,-
$4,000 of munitions and shipments
since June Is, 1917, from the Machine
Works, which were formerly the West
inghouse Machine Company. 1t is ex-
planned that the large excess profits
taxes brought the net earnings below
the 1917 figure, although the total VOL
ume Of business was greater in the
year ending in March, 1918.
On April 1 last, it is reported, the
untitled orders on hand of the COM
paEy amounted to $147,857,580, of
which $110,185,O07 was for the regular
products of the company. And, it is
explained, none of the facilities hith-
~ w uoOO 1OI CilS pcdCCLIIuS output Is
engaged in the manufacture of muni-
tions.
The physical property of the COM
pany was increased during the year.
A new plant, which is about com
pieted, has been built near Philadel-
phla, and is known as the Essington
Works. 1t already employs 5000 per-
sons, and expects to increase its help
to 5000 this year. The report says
that contracts with the government
Tor the equipment of cargo ships will
occupy the capacity of the plant for
two years. Moreover, a factory, whit h
| has been in operation for several
months, was built at Trenton, N. j.,
tor the manufacture of incandescent
lights.
In the report Of the New England
Westinghouse Company it is said that
the withdrawal of Russia from the war
and the consequent cancellation of the
rifle contracts entered into by the
RUSSIAN government "resulted in your
company sustaining full loss of So
100000, against which a reserve in
that amount was set aside last year"
Orders from the United States gov
ernment for the manufacture of
Browning guns, however, "enabled the
company to retain it's organization.
not only to its own advantage, but es-
peclally to the advantage of our gov
eminent in having available for i'm
medlate use manufacturing facilities
and trained organization for the
production of machine guns. Deliver
les began in April, and are in advance
OF the schedule fixed by the contract" J"
New-York tribune., 1918-05-24
Relevant Comment
Steel Leads Rally

Steel common furnished fully one
third of the total transactions in yes
terday's stock market. The specula-
tive favorite moved broadly, opening
at 107A to 107h, declining to 1865,
and rallying to 1892 at the close,
where it showed net gain Of rs
points. One house close to the cor
poration interests was credited with
the execution of steady stream of
buying orders throughout the session.
In the afternoon, when Steel began to
mount IN vigorous fashion, it was re-
ported that number of other inner
tant brokerage houses had entered the
market with heavy buying orders. The
character of the buying at the close
is best seen from the fact that the
final transaction in Steel common was
block of 5000 bought at 1O91z, the
top price for the day.
New-York tribune., 1918-05-24
Elections

w. G, Avery, assistant manager of
the foreign department of the Guar
anty Trust Company of New York, has
been appointed assistant treasurer Of
that concern. Harold F. Greene, Alden
). blodget, Charles r. Batchelder,
George L. Burr, Harold d. Bentley and
Gilbert E. Jones were appointed assis-
tant managers of the bond department.
r. 2. Whittlesey was appointed chief
statistician, and Hamilton Candee was
appointed New York City sales man
ager of the bond department..
William C. Fay, formerly receiving
teller of the Fifth Avenue branch of
the Union Trust Company of New
York, has been elected assistant man
ager of that branch
New-York tribune., 1918-05-24
Stock and Bond Averages
News Digest
Foreign

London Exchange Cheerful.-LoN-
DON, May 23-Money was in fair de-
mand to-day, but discounts were quiet.
Trading on the Stock Exchange was
cheerful. War loans were firm, and the
Far Eastern stocks were supported on
news of the Chino-Japanese under
standing. Central American bonds
were firmcr, on the bondholders' offer
to purchase bonds. Shipping securi-
ties were higher and were bought by
investors. Rubber stocks were weak,
through fear that the proposed reduc-
tion in production would affect profits.
New-York tribune., 1918-05-24
Marine Preferred q Puzzle

The action of Marine preferred
yesterday was puzzling to those who
had bought the stock above 102 in the
belief that definite announcement
would be made in the near future of
the consummation of plan for trans
ferring the company's ships flying the
British flag to an English financial
syndicate. Opening strong at 102 and
quickly advancing to 1925, in the
early afternoon the stock broke sharp
ly until it reached ss&. Then a recov-
cry set in with the closing transaction
at 101, up u of point over Wednes-
days last sale.
New-York tribune., 1918-05-24
Axle Co. Notes for Sale

The National City Company an
nov nounced need yesterday an Offering of So
ooo,ooo one. two and three-year notes
OF OF the Timken-Detroit Axle Comnanv,
me Sone-year notes are being offered
a? at i9o and the two-year notes at 991a to
~ yieio I ana ~ per cent, respectively.
me proceeds of the issue will be used
~ iuno notes payable and to increase
pany may take care of the anla ruad
production urgently required by The
government. The company is the
largest manufacturer in the world of
axles for motor vehicles.
New-York tribune., 1918-05-24
No Baldwin Common Dividend

III the recent rise in Baldwin
locomotive, common, beyond par. was
predlcated in any way on the belief
mat directors were about to resume
dividends this hope was dissipated
yesterday when the announcement
came from Philadelphia that the
board had taken no action. Only the
regular semi-annual dividend of 3h
per, cent on the preferred stock was
declared. Baldwin broke from "a to
90A in yesterdays stock market and
recovered before the close to 93as for
net loss of 3s of a point.
New-York tribune., 1918-05-24
Tax Talk Causes Irreeular;tv

Early irregularity in the market was
attributed in. part to advices from
washington indicating the likelihood
OF OF new tax legislation being enacted
De gelore the adjournment of Congress.
Inc tax programme that is now beinr
considered covers the current wear
New-York tribune., 1918-05-24
New York

Price of Stock Exchange Seats Un-
changed.-The membership of the late
Frederick Nathan was transferred yes
terday to Julian S. Hess for $4,000,
unchanged from the last previous sale.
John M. Gates was elected a member
of the exchange.
New-York tribune., 1918-05-24
The Dollar in Foreign Exchange

Fluctuations of the neutral exchanges
furnished the principal feature in the
local market yesterday. Swiss francs,
after an early decline to All, rallied to
4.07. Dutch guilders closed at 40 cents
after early weakness. Sterling and
francs were steady.
Closing rates yesterday, compared
with a week ago, follow:
(Quotcd dollars to the pound.)
New-York tribune., 1918-05-24
Waste PAPER?

A New Street privilege broker Of
fered call on one hundred shares of
Steel common yesterday. good for
twenty days, at 1191a. The price of
tne call was S25.. At the time the
paper was offered Steel was sellinp
in the market around 1919
New-York tribune., 1918-05-24
d. & r. G. Interest Payments.-Aley

d. & r. G. Interest Payments.-Alex-
ander R. Baldwin, receiver for the Den
yer & Rio Grande Railroad, announce
yesterday that under an order of the
United States District Court for Colo o.
RADIO he had deposited with the various
trustees or paying agencies unpaid cou-
pons up to June /, 1918. He also stated
that all claims for materials, supplies,
ETC., represented by vouchers for De-
cember, 1917, or preceding months will
be paid.
New-York tribune., 1918-05-24
Bank Directors Object to Examina-

tion.-Edward Earl, former president
of the National Nassau Bank of New
York, with Henry c. Miller, John
Munro, A. j. Smith, J. Christy Bell, F..
Monroe Dyer and Arthur c. Dyer, for
mer directors, yesterday filed objec-
tions in the State Supreme Court to an
examination of themselves ordered by
Justice Greenbaum in stockhold
suit begun by w. Rutger j. Planten
for the recovery of 81 100000. The liti-
cation has been in the courts for two
years, and Plantcn alleges that by the
action of Earl and the directors prac-
tically all the assets of the bank were
wasted by making loans on poor Sc
curity. A few days ago Planten OBJ
tanned an order for an examination o.
Earl and his former directors. The
papers filed in the Supreme Court show
that the assets of the bank will pay
only about is per cent of the stock
holders claims.
New-York tribune., 1918-05-24

demand coming from Interior institu-
tions.
Bank Acceptapces.-There is an active
demand for aceeptances, with most Of
the purchases confined to eligible bills.
Rates were unchanged yesterday, as
follows:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent. Per cent. Per cent.
E & lie
m m ber
banks. .4A@4 4h@4h 4h@4A
E ! g b le
non-mem-
ber banks.4I4@41s 4h@4l4 4h@4h
Ineligible
bank bills.5A @4s4 54@4s4 5L4@424
For delivery within thirty days:
Per cent.
Eligible member banks. ......... 4I2
Eligible non-member banks..... 40
Ineligible bank bills. 6
New-York tribune., 1918-05-24
BENJAMIN franklin, ,ay5:

For s0a0t Of q nail the 5hoe was Af
Fog wAnt Of q Shee the hoy5e was lost
For svAns Of 4 horse the ,idfr mas last
f0r s0a"f sf a rider the ues54ge w1s h5t
For svantef met50ge ths6Attkwashst
New-York tribune., 1918-05-24

Discount Rates.-The fol- owing table
gives the current rates of the twelve
Federal Reserve banks on commercial
paper on all periods up to ninety days:
New-York tribune., 1918-05-24
Money and Credit

Quiet prevailed IN the money market
yesterday and rates remained un-
changed. At the Stock Exchange call
money ruled at to 81 per cent, with
a fair turnover of business.
The market for fixed rate funds con-
tinued void of offerings. Rates were
firm at per cent for all maturities.
Ruling. rates for money yesterday,
compared with year ago. were as fol.
lows:
Yesterday. Year ago.
Per cent. Per cent.
Call money:
On mixed collateral, 8 oH
On industrial coltl. 5Lz 8
Time money (mixed collateraD:
Sixty days. ...... M4h
Ninety days ........ s 4M@4N Is
Four months. 6 4La@434
Five to six months. 6 4Is04aA
Commercial Paper.-.This market is
dull. A moderate amount of discount
New-York tribune., 1918-05-24

London Money Market. LONDON,
May 23.-Money, 21A per cent; dis
count rates, short bills, 314 per cent;
three months, 9-16 per cent. Gold
premium at Lisbon, 1870.
Paris Bourse Calm.-PARIS, May %.
Trading on the Bourse was calm to-
day. Three per cent rentes we're quoted
at SO francs 75 centimes for cash; ex-
change on London, 27 francs 15h CEN
times; Fer cent loan, 81 francs 80
centimes.
New-York tribune., 1918-05-24

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., 1918-05-24

Commercial Paper.--This market is
DUH. moderate amount of discount
ing Is being done at 6 per cent for the
best regular maturities. the bulk Of the
New-York tribune., 1918-05-24

Bank Ciearings.--The days bank clear
ings at New York and other cities were:
Exchanges. Balances.
New York -. 1864, ,238,872 $47, ,529, 500
Boston. ...... 41,483,960 6,817,335
Chicago. o........ 74,382,727 5,761,601
Philadelphia. 57,402,2 9,829,997
from sub-Treasury yesterday $4,000.
Silver.-Bar silver in London was
4SBd, unchanged; New York, 80 X c, un-
changed; Mexican dollars. TIC, un-
changed.
Bank of England.-LoNDON, May %.
The weekly statement of the Bank of
England showed an increase in gold
holdings of 8924,859. The proportion of
reserves to liabilities now stands at
1857 per cent, against 1922 per cent
last week. The report, with the changes
New-York tribune., 1918-05-24

Finance Economics

WALL STREET OFFICE: Telephone:
Building Broad St.
New-York tribune., 1918-05-24

demand coming from interior institu-
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1918-02-19
CROWDER PRAISES
EXEMPTION BOARDS

The members Of the local exemp-
tion board, John Carlock, chair
man; Judge John L. Gait and DR..
Walter Hardy, have worked unccas-
ingly for many months, and for
these services they receive no com
pcnsation. However, they are in
receipt Of a letter from Provost
Marshal General Crowder convey
ing the appreciation the country
must show for these services. The
concluding paragraph OF the letter
follows:
The local and district boards are
about to complete the erection of an
army-building machine the like OF
which is unknown in the worlds
history. From it will come the ar
mics of the future, and this country
never again will find itself unready,
The men who have built it have
toiled night and day for many
months; their work was not such as
could be measured in money; true,
few have complained, but the
great majority have toiled on pa
tiently and patriotically through
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1918-02-19
COUNTY TEACHERS
MEETING POSTPONED

George w. CofIman, county su-
perintendent, has prepared circu-
lar letter which he is sending to the
teachers of the county announcing
that it will be necessary to postpone
the meeting of the Carter County
Teachers Association from March
| and 2 to March 8 and 9, owing to
the fact that the speakers desired
cannot be secured until that time.
The superintendent also calls at
tention to the fact that the state
spelling and penmanship contests
will be held March 20 at Oklahoma
Cit yand teachers having pupils de
string to enter these contests
should advise him at once, so that
the local contests may be held at
the same time as the teachers meet
ings. He also advises them that
the Sth grade examinations are set
for April II and y and May 9 and
10. 1t is suggested that the schools,
at some time before the closing Of
the term, arrange for the presenta-
ton Of a patriotic program.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1918-02-19
LIEUT.. MAC QUARRIE
FIGHTERS SPEAKER

Author, speaker, fighter. This is
the record OF Lieut.. Hector Mac
Quarrie, who will speak at a mass
meeting in Convention Hall Friday
night during the convention Of the
Oklahoma Lcauge Of Young Mems
Democratic Clubs.
Long after the dashing young
Briton had won his spurs on the
field Of battle and long before he
gained distinction as a speaker, the
lieutenant's name became familiar to
Americans as an author, his best
known work being How to Live at
the Front"
Those who have heard the lieu
tenant speak are unanimous in their
commendation.
The York (Pa) Dispatch says:
"Hc is a forceful speaker, and told
thrilling tale of the war. The
lieutenant wore his uniform and
spoke, not eloquently, but forceful-
ly, out of a full experience of early
training days and actual life in the
trenches
A report from Scranton (Pa.)
says: The audience was alternate
ly convulsed with amusement and
brought to the verge OF tears, and
was only sorry that the lecture was
not longer. The audience liked him
from the moment he began to speak,
for he was so youthful, 50 entirely
fresh and unpretentious that his sin
certy could not be doubted for a
moment
Public Opinion of Chambersburg
(Pa.) says: when he attempted to
conclude, cries of More, more,
were made. He brings a stirring
story of life and conditions in the
battle zone"
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1918-02-19
OIL MAN GAINS 70
POUNDS ON ONLY z
BOTTLES OF TANLAC
Felt Like He Couldn't Have Lasted
Much Longer, Says Harry
Wilson.

"A gain of 20 pounds on two bot
ties of Tanlac is goino some, but
that is just what happened to me
since | began using il" said Harry
u. Wilson, an employe of the Hum
bic Oil Company at their Goose
Greek, Texas, plant, the other day,
Il had a spell of malarial fever
some time ago." he continued, "and
wasn't able to get Strengthened out
afterwards. My system was badly
rundown, lost my appetite and had
to live almost exclusively on diet
of raw or very soft boiled eggs,
Even that didn't always agree with
me and many a time my stomach
would feel all torn to pieces. My
head ached so | thought it would
split, rheumatism made me miser-
able and my system was clogged up
with malaria. [ fell off to a hun
dred and twenty-eight pounds and
was in such bad fix | believe |
couldn't have lasted much longer.
81 had already tried about every
thing | could get without finding
relief and | was sure surprised to
find this Tanlac getting hold of my
troubles before had taken many
doses. feel hungry all the time
and am actually ashamed to eat
enough to satisfy my appetite. My
weight has increased to hundred
and forty-eight younds and | feel
fine in every way. ! have got over
that tired and drowsy feeling and
have more life and energy than |
have had in several months. | feel
like Tanlac has made new man OF
me and / will gladly recommend it
to anybody
Tanlac is sold in Ardmore by
Coleman Drug Co.; in Berwyn by
Berwyn Drug Co.; in Wilson by
John Tidmore; in Writ by Miller
Drug Co.; in Healdton by Smith
Mcknight Drug Co.; in Tussy by
Jackson & Tussy, and in Hoxbar by
! !. X. Cox.-(Adv)
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1918-02-19
PREPARING FOR WORK ON
NEW BANK BUILDING

The firm of Hoggson Bros, which
has the contract for the construc-
tion of the First National Bank
building at the corner of Main and
A streets northwest, is preparing to
begin the work. 1t has complied
with all the provisions of the city
ordinance forbidding obstruction OF
the streets and also to protect pc
destrians on the sidewalks. a COW
cred pasSageway in both Main and
A streets has been built of dressed
lumber to guard against injury to
the clothing of passersby and it is
lined with paper to prevent dust
falling through. No material will
be placed in the streets, but the
work will be prosecuted from the
inside of the building space. Ard
more people will appreciate this
when comparing it with conditions
surrounding many other buildings
now being erected. At a recent
meeting of the city council notice
was given all contractors that the
obstruction of the streets and the
piling of material on the street paw
ing would no longer be tolerated.
So far no action has been taken
against any of the contractors.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1918-02-19
MOON SUPERSTITION
WONT MAKE GARDEN n
EXPERT KNOCKS OUT AN
GENT FALLACIES AND
TELLS HOW TO DO 1t.

Kansas Citv, Mo-, Feb. -
Again the futiiity Of planting a gar
den and counting upon the phase Of
the moon to influence its produc-
tiyitv. has been attacked, this time
by i. X. dcNigne, agricultural ex-
pert of the Kansas City public
schools. 1t is the soil that deter
mines plant growth and the proper
cultivation OF the soil that deter
mines the success or failure Of the
garden, he said in speech at Poly
tcchnic Institute. What Mr.. de
Nigne thinks OF the wisdom of plant
ing in the full or dark OF the moon
is indicated by the subject OF his
address, which was popular Mis-
souri, Garden Myths"
"Nitrogcn and potash determine
the value OF the soil he said Nj
trogen makes leaves and stems. II
is needed for the growth of yegc-
tables like lettuce, spinach and
Swiss chard. Potash is a requisite
for corn, potatoes and tomatoes, as
it produces seed fruit and roots.
By watching the needs of the soil
and giving the needed nitrogen and
potash. successful gardens are Ger
tain.
ITO find what the soil lacks it IS
not necessary to analyze it, but to
watch the plants. If potatoes run
- 4.. r,1 ,l, ,,r, J,oe NOT do
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1918-02-19
ANOTHER APPEAL
FOR SHIPWORKERS
OKLAHOMA DELEGATION IN
CONGRESS SENDS UR-
GENT MESSAGE.
Especial to The Ardmoreite).

Oklahoma City, Feb. 19.-The
Oklahoma delegation in congress
has sent a message to the men Of
Oklahoma, a new appeal for them
to come to the service OF their
country through the shipyard vol
unteers.
The time for regular registration
has been extended one week, until
Saturday night, February 23. Reg
istration blanks can be obtained
from chairmen and secretaries OF
county councils Of defense in each
county.
The following appeal from the
Oklahoma congressman was com
municatcd to the men OF Oklahoma
last night through the state council
OF defense:
Information furnished MS by the
war department, navy department,
T.. M. House mission and all other
agencies having responsibility for
the conduct OF the present war, is
to the effect that the urgent and
pressing necessity Of this hour is
ships, ships, and more ships.
without sufficient ships we are
told, there is really no need Of the
United States raising armies, equip
ping them or planning to send food
or anything else to our soldiers and
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1918-02-19
SELF-DEFENSE.
Defeat Backache and Kidney Trou-
BILE With Anuric.

Many people in this city have
suffered from rheumatism and kid
ney trouble and have found that
Anuric was the most successful
remedy to overcome these painful
and dangerous ailments.
The lucky people are those who
have suffered, but who are now well
because they needed natures warn
ing signal in time to correct their
trouble with that wonderful new
discovery of Dr.. Pierce's called can
uric double strength). You
should promptly heed these warn
ings, some of which are dizzy spells,
backache, irregularity of the urine,
or the painful twinges of rheuma-
tism, sciatica or lumbago. To de-
lay may make possible the danger
GUS forms of kidney disease, such as
Bright's disease, diabetes or stone
in the bladder. If you want quick
relief buy it now-or send DR.,
Pierce l0c for trial pkg. This will
prove that "Anuric' eliminates uric
acid as hot water melts sugar.
(Adv)
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1918-02-19
Weak, Thin People
Made Strong and Fat

Weak, thin peoplc-mcn or wom-
en-are nearly always nervous
wrecks; thus conclusiycly proving
that thinncss, weakness, debility
and neurasthcnia are almost in
variably due to nerve starvation.
Feed your nerves and all these
symptoms due to nerve starvation
will disappear. Eminent specialists
state that the best nerve food is an
organic phosphate known among
druggists is Bitro-Phosphatc, a five
grain tablet of which should be
taken with each meal. Being gen.
uine nerve builder and not a stim-
ulant or habit-forming drug, Bitro-
Phosphate can be safely taken by
the weakest and most delicate suf-
ferer, and the results following its
use are often simply astonishing.
Weak, tired people regain strength
and vigor; thinncss and angularity
give way to plumpness and curves,
sleep returns to the slecpless, con-
fdence and chceriulncss replace de-
bility and gloom, dull eyes become
bright, and pale, sunkcn checks re-
gain the pink glow OF health. BIZ
tro-Phosphate, the use OF which is
Inexpensive, also wonderfully pro-
notes the assimilation OF food, so
much so that many people report
marked gains of weight in a Jew
weeks.
CAUTION. - Although Bitro-
Phosphate is unsurpassed for re-
ieving nervousness, sleeplessness
and general weakness, it should not,
owing to its remarkable Hesh-grow-
ing properties, be used by anyone
who does not desire to put on flesh.
1t is sold in this city by Frame Drug
Co. and all good druggists.