davidaulloa/AmericanStories huggingface dataset:
Hermanner Volksblatt. [volume] (Hermann, Mo.) 1875-1928, 1918-02-01
Notice of Final Settlement.

Notice is hereby given to all credi-
tors and others interested in the
Estate of
ALBERT EPPLE
deceased, that I, the undersigned Ad-
ministrator of said Estate, intend to
make final settlement thereof at the
1ext term Of the Probate Court of
Gasconade County, State of Missouri,
% De held at Hermann, Mo-, on the
18th day of February 1918.
WIN. EPPLE,
Administrator.
Hermanner Volksblatt. [volume] (Hermann, Mo.) 1875-1928, 1918-02-01

Neun5ebntel unIeres Slides
bsruben ALIEN auf Der @eiunobeit.
Mh ibr nirb a1es cine Nuele oes
@enuFes; binsesen 1T obne iie tein
iuBeres Gut, pel4er Dirt es AUDI lei,
seniebbur, uno ielbit bic iibrisen iubs
iettipen Sitter, Die gissnidaftsn oss
@etites, 9emites, Compartments.
iperoen Our4 &rdntli9teit berobgsz
itimmt unb iebr perfiimmert.
Hermanner Volksblatt. [volume] (Hermann, Mo.) 1875-1928, 1918-02-01

ministrator of said Estate, intend to
make final settlement thereof at the
next term of the Probate Court of
Gasconade County, State of Missouri,
to be held at Hermann, Mo-, on the
25th day Of February 1918.
HENRY MEYER,
Administrator.
New-York tribune., 1918-05-22
Butte & Superior Enjoined

Henry d. Williams, of counsel for the
Minerals Separation, Ltd, announced
yesterday he had been advised that the
United States Circuit Court of Appeals
in San Francisco had modified its order,
SO as to grant the company an injunc-
ton against the Butte & Superior Min
ing Company on all operations of the
latter covering the "use of one-half of
l per cent or less of oil up to and in
cluding January 7, 1917" In a state
ment he said:
"The decree as entered May 13, 1918,
directed that the bill be dismissed for
failure to establish infringement, the
court having found that the use of any
oil in proportion greater than one half
of l per cent would not constitute in
fringement Of the Minerals Separation
patent. Yesterdays orders states that
it appears and is admitted that up to
and including January 7, 1917, the
Butte & Superior Mining Company did
use in its process oil in quantities of
one-half of l per cent and less, and
therefore the decree is corrected to di-
rect the court below to issue an in
junction and direct an accounting as
to all proceedings from August. 1911.
This merely corrects the decree to ac-
cord with the admitted facts of the
case, and obviates rehearing to that
end, and clears the way for application
to the Supreme Court to review the
case"
New-York tribune., 1918-05-22
Elections

James R. Trowbridge, assistant Sec
retary of the Bankers Trust Company,
has been elected comptroller of the
Franklin Savings Bank, succeeding H.
w. Nordell. resigned.
George B. Gallagher was elected a
director of the Edison Electric Illumi-
mating Company, Of Brooklyn, succeed
ing the late Bernard Gallagher. Mr.
Gallagher was also elected to fill a
vacancy on the board of the Kings
County Electric Light and Power Com
pany.
c. X. Thomas, formerly New York
manager of the Federal Truck Com
pany, has been elected vice president
and director of the Maxim Munitions
Corporation. Mr. Thomas was also
appointed director of sales of that cor
poration. George T. Rowland was
elected treasurer and member of
the board of directors.
Victor Ross, formerly financial edi-
tor of "The Toronto Globe" has been
appointed assistant to President
Teagle of the Standard Oil Company
of New York.
Sir Edmund Osler, president of the
Dominion Bank, has been elected a
director of the Imperial Oil Company
Of Canada, the Canadian branch of the
Standard Oil Company.
New-York tribune., 1918-05-22

The wave of speculation which i,
reached peak last Thursday has
subsided and the market is now more
orderly, if less interesting. Trans
actions are again made up chiefly
OF the exchange of counters be-
tween professional spectators,
though there is undoubtedly con-
siderable buying for investment. 1t
is we'll that the turning point came
when it did; otherwise the market
would have been in an extremely
dangerous condition by this time.
Continuation Of such excited specu-
lations as prevailed for some days
would inevitably have resulted in an
overextended position a position
fthat would have been likely to COL
lapse when the money situation be-
came strained, as was threatened.
There has at no time been an
actual shortage of funds for spec
uIative purposes; on the contrary,
banks have been extremely liberal.
But situation was being rapidly
created that would certainly have
produced a money market crisis,
just as would be the case were
another wild orgy of stock gambling
to develop. Bankers are, apparent
ly, inclined to encourage a reason
able degree of activity and to sup
port the market by loaning freely,
probably because the better senti-
ment attending a strong market
would make it easier for them to
handle the new railroad and other
financing that will have to be done
in the near future. But on the
other hand they are decidedly op-
posed to big speculative market
at this time, and while they might
not take positive action to check a
big speculation they probably would
discourage it negatively by allowing
the money market to take it's course
There is every reason for believ-
ing that if there should be return
OF the wild speculation recently
witnessed the money pool, which has
prevented a rise in the call rate
above per cent whenever a strin-
gency threatened, would hold aloof
no matter how high the rate might
CO. That being so, the chances are
against a renewal of speculation on
a large scale in the near future.
More than 100000 will be
required to meet Liberty Loan and
war tax payments within short
period. 1t will be hard enough to
avert severe furry in money rates
during this period without meeting
large additional demands from stock
exchange sources.
New-York tribune., 1918-05-22
Farrell Stays at Steel Job

James A. Farrell, president of the
United States Steel Corporation. de-
MED yesterday the report from Wash
ington that he had received an offer
to become director of operations of
the Shipping Board. He said he be-
lieved there was no intention on the
part of the Shipping Board to make
such an offer.
"The directors of the Emergency
Fleet Corporation" added Mr.. Farrell,
know that. if the position was rendered
to me | would be obliged to decline
for patriotic reasons, if for no other.
My whole time and energy are devoted
to the work of assisting to the utmost
Of my ability the production and de-
and for other government needs.
"1n my opinion, thcre is nothing at
the present time more important to
the military necessities of the govern
ment than the production and delivery
of steel"
New-York tribune., 1918-05-22
Cotton Exchange
Puts Ban on Rumors
Warns Members Against
Spreading Unfounded Re-
ports to Influence Market

The board of managers of the New
York Cotton Exchange yesterday took
official cognizance of the harmful eff
feet of sensational and baseless ru-
mors on the cotton market, when they
adopted resolutions warning members
against the dissemination of such re-
ports. The resolutions state chat the
circulation in any manner of rumors
of a sensational character by members
of the exchange or their firms will be
deemed an act detrimental to the in
terest and welfare of the exchange"
This action was the result of the
circulation in recent weeks of wild
rumors of price fixing of cotton and
other reports without basis in fact,
which at times exerted an unfavorable
effect upon cotton quotations.
Early this year the governors of the
New York Stock Exchange found it
necessary to put similar ban upon
rumors after the stock market had
been flooded with reports calculated to
depress market values.
New-York tribune., 1918-05-22
Corporate Returns

Western United Gas and Electric
COmpany.-The annual report for the
fiscal year ended January 81 last shows
gross earnings of $1,830,436, compared
with $1,605,236 for the preceding year.
Net after taxes totalled $7O2,080, an in
crease of $34,205 over the year before
Surplus for the year amounted to $751;
414, against $354,582 for the previous
year, an increase of $32,831.
Kansas City Southern Railway,-The
company reports gross earnings for
April of -S1,365,604, compared with ST.
O58,731 for the corresponding period
of last year. Net after taxes was
$451, ,476, against $370,2O4 for the same
month of 1917. Gross earnings for the
first four months of 1918 were S5,174.-
536. compared with $4,2O1,16O for the
corresponding period of the year be-
fore. Net earnings for the period to-
tailed 1854, ,1O8.
Philadelphia Rapid Transit Company.
Gross earnings for April amounted
to $2,642,0e0, against $2,456,30O for the
same period of the preceding year. Net
earnings were $1,OO7,588, from which
fixed charges of $814,126 were deduct
ed, leaving surplus for the month of
S193,462. Gross earnings for the ten
months ended April 80, 1918. totalled
$25, ,060,549. Operating expenses were
$15,132,616, leaving net earnings of So
927,932, compared with $1O,295,122 for
the corresponding months of the pre-
vious year After fixed charges of S.
125,649. surplus for the period amount
ed to $1,802,282
Central of Georgia Railway COM
pany.-Total operating revenue for the
year ended December 81 last amounted
to s16,024,537, compared with $13,725.-
143 for the year before. Operating ex-
penses totalled S11 ,045,849, leaving net
revenue of $4,978,68S, against s4,444.-
098 for the preceding year. Tax ac-
cruals and uncollectible revenues were
1887 1852, compared with s720,413 for the
New-York tribune., 1918-05-22
Marine Deal Unchanged

Following a meeting of the finance
committee of the International Mer-
camille Marine Company yesterday
President P. A. S. Franklin stated
that he had no details to announce
concerning the plan by which it is ex-
pected the ships flying the British flag
will be turned over to English inter
ests at price reported to be approx
mately 5,000,000. Mr.. Franklin
said there were certain technicalties
connected with the operation of the
income tax that still had to be worked
out. Marine preferred sold as high as
1O5h in yesterdays stock market, a
new high on the current movement. 1t
closed at 10311 for net gain of 1ss.
The common, after moving up to 30as
ended the day at 29k, up Y.
New-York tribune., 1918-05-22
Commodities
Industrial d
Cotton

A sharp early advance was followed
by an equally sharp break in the cot
ton market yesterday. July contracts
sold off from 25.01c to 24.36c and closed
at Paste, with the general list closing
very steady at decline of 18 points to
an advance Of points. Broadly speak
ing, the early advance was attributed to
the tirner technical position, whereas
the decline followed reports of lower
spot quotations in some of the south
ern markets. Trade interests were
buyers on the late break, however. and
last prices showed rallies of Is to 20
points from the lowest, with the new
crop relatively steady.
During the earlier trading the mar
ket showed the conflicting influences of
a favorable weather map and the ten
dency toward reaction after MONDAYS
break into new low ground. First
prices were steady at an advance of Ia
to II points on relatively firm cables
and Liverpool buying. There were re-
actions of several points right after the
call under selling inspired by the op-
tlmistic view of crop progress, but the
was much covering
The latter became little more ac-
tive following reports that many mill
buyers were here to attend the sale
of about 5000 bales by the Alien Prop
erty Custodian this morning. The feel
ing was that the interest attracted by
the offer of this cotton showed the
strong situation prevailing as to high
grades, and it was considered that the
widening of the differences between
high and low grades had strengthened
the position of the local contract.
few stop orders were uncovered on
an advance of 40 to 46 points from
Mondays closing figures. After their
execution demand became less urgent.
and prices broke sharply during the
middle OF the afternoon on the reports
of lower spot quotations. New crop
months made new low ground for the
season, with the general list selling Is
to % points net lower, but this break
seemed to be attracting an improved
trade demand and there was renewed
covering on the late rally.
Yester- Day Year
day. before. ago.
Cash ............. 26.1O 26.25 o1.3O
New-York tribune., 1918-05-22

ANDREW ]. MCCORMACK. Auctioneer.
REGULAR AUCTION SALE
STOCKS AND BONDS
By ADRIAN H. MULLER & son,
OFFICE. IS WILLIAM ST
WEDNESDAY,, MAY 22. 1918.
at 1870 O'Clock at the
EXCHANGE SALESROOM
NOS. IA and 16 VESEY STREET
For Account of Executors.
500 shs. Horn Silver Mines Co.
40 shs. A. T. De La Mare Co. Inc
$4,000 Atchison, Topeka & Santa Fe R'way
Co. 40 Adjustment Regst. BIDS,
1895.
$4,000 Southern Pacific Co. Cent Pacific
stock Coll. 40 Regst BIDS, lsls.
shs. Merchants Natl Bank
For Account of Whom 1t May Concern.
73 shs. w. H. Miner Chocolate Co.
common.
$50 shs. Sawyer Shipyards Corpn. prefd.
$50 shs. Sawyer Shipyards Corpn COM
100 shs. Lufkins Salvage & Shipping
Corpn.
81 900 Utah VALLEY CAS- * Coke Co 1st S.
F. go Bond. 1888.
800 shs. Railways Company General.
80 shs. Hudson County Consumers
Brewing Co.
66 shs Consumers Pie Baking Co.
73 shs. Consumers Pie Baking Co.
o shs. Excelsior Brewing Co
so shs. Urban Water Supply Co.
200 shs Urban Water Supply Co.
$1,000 Deep Well Water Co. ist Mtg. SO
S. F. Bonds. 1850
$4,000 New York Bottling Co. Sc Regst.
BIDS, 1895.
New-York tribune., 1918-05-22

The above rates express the cost of
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling at, say, $4.751a. The intrinsic
parity is $4.S65s per pound Thus you
say either that pounds are at discount
or that dollars are at a premium, which
is owing to the fact that in England
the demand for dollars with which tc
settle accounts in this country is
greater than the demand in this coun-
try for pounds with which to settle ac-
counts in ENGLAND
New-York tribune., 1918-05-22
Regular Declarations

American Telephone 4 Telegraph Company.
Quarterly dividend of 50 per share, pay
able July Is to stockholders of record
June 20.
Baton Rouge Electric Company.-Semi-an-
nual dividends of SO per share the pre-
ferred stock and 81 per share on the common,
both payable June l to stockholders of rec
ord May 18.
Borden's Condensed Milk Company.-Quar-
terly dividend of " per cent on the preferred
| stock. payable June Is to stockholders of
record June l.
Central Leather Company.-Quarterly dvi-
dend of y per cent on the preferred stock.
payable June l to stockholders Of record
June 10.
New Niquero Sugar Company.-Scmi-an-
nual dividend of w per cent on the common
stock. payable June l to stockholders Of
record May %.
San Joaquin Light & Power Corporation.
Quarterly dividend Of $3.50 per share en- the
preferred stock. payable June Is to stockhold-
ers of record May 81.
s. H. Kress sCompany..-Quarterly dividend
Of q per cent on the preferred stock pay
able July l to stockholders Of record June
20; also the regular quarterly dividend Of l
per cent the common stock. payable Au-
gust to stockholders of record July 20.
New-York tribune., 1918-05-22
ID. & II. G.. Gets Loan

The Denver & Rio Grande Railroad,
it was reported yesterday, has obtained
from the railroad administration the
$1,5OO,00O which the government agreed
to advance on account of rentals for
the first quarter of 1918. These funds,
with other moneys derived from the
sale of the roads securities to the
Equitable Trust Company, in addition
to cash on hand, will be used to wipe
out all obligations up to June I, includ-
ing accrued interest coupons. The to-
tai involved is about 81 100000
New-York tribune., 1918-05-22
UNION PACIFIC RAILROAD COMPANY
NOTICE OF SPECIAL, MEETING ON
STOCKHOLDERS, JUNE "A. 1913
165 Broadway.
New York. n. Y Atav IL ,a.a

bVo iolOdQWdY.
New York. n. Y. May IS. 1a1s
Special Meeting of Stockholders of IN.
Cnion Pdcihc Railroad Company has hasp
called by order of the Executive commiteea
and Will be held at the Office of the Con-,
noon. on the oath day of June. Js1s in
authorize, approve or ratify a contTac.. W
contracts with the United States he prss'r OF
dent or the United States or the Direcfcr
General OF railroads of the United States
governing the possession. use. control and
OF this Company and its subsidiary com
panies taken over and assumed by and
under the Proclamation Of the Prss;,ia,s
OF the United States. dated Dece mber ss
lSl I. ana or any other properties of said
companies OF which possession has been ar
the Federal Government to authorize the
Board OF Directors in its discretion to agrss
upon the compensation and other terms ~
be accepted for and in relation to such
possession. use. control and opera ION under
the Act of Congress entitled AN Act Ia
systems while under Federal control for
the Just compensation of their owners and
Tor other purposes approved March II.
1918. and generally to consider and act
upon any and all questions and matters
incidental to the purposes aforesaid or
troll of properties of this Company and its
su ubsidiaries
For the purposes Of the meeting the
books for the transfer of stock (both pre-
ferred and common) Will be closed at IL
o'clock noon on the 1st day of June. 1918.
and reopened at 10 O'clock A. NJ on Tues
day. the 25th day of June. 1913.
BY order of the Executive Committee.
THOMAS PRICE. Secretary.
New-York tribune., 1918-05-22
News Digest
Foreign

London Market Cheerful.-LONDON
May 21.-The stock market reopened
cheerfully to-day, with the chief
strength in investment stocks, invest
ors finding difficulty in obtaining sup
plies. Grand Trunk stocks were strong
on revival of naturalization propos-
ais. Greek and Brazilian bonds were
leading features in the foreign sections.
Shipping shares were firm, but specula-
tive issues were neglected.
Paris Bourse Active.-PARIS, Nav
21.--Trading on the Bourse was active
to-day Five per cent rentes were quot
ed at SO Francs 25 centimes for cash.
Exchange on London at 27 Francs 15A
centimes; per cent loan at 81
Francs rs centimes
New-York tribune., 1918-05-22
OFFICE OF
CQXS0L llAIED ARIZONA SMELLING co.

New 7 OTK, May >, I5I6.
The Board OF Directors have this day de-
clared dividend of 1qo 6 cents per
share) payable on June l, 1918, to stock
holders of record at the close Of business
May II. 1918. Checks Will be mailed by
the Guaranty Trust Company of New YORK.
Transfer Agent
The stock transfer books will not os
closed.
FRANK w. THOMPSON. Treasurer.
New-York tribune., 1918-05-22
DIVIDEND NOTICES

At meeting of Directors held May l6,
1918, at London, it was decided to pay an
Interim Dividend Of Six $50 per cent. free
of British Income Tax on the Ordinary Shares
on June 29, 1918 Coupon No. 81 must be used
for dividend. All transfers received in order
at London ON or before June 10, 1918. will be
in time to be passed for payment Of dividend
to transferees.
BRITISH-AMERICAN
TOBACCO COMPANY, LTD.
May 20, 1918.
New-York tribune., 1918-05-22

Relevant Comment
Cuban Sugar Bills

1t is understood that up to the pres
ent time approximately $14,000,00O OF
the $10O,0O0,000 Cuban sugar revolving
credit has been drawn, 10000, 900 being
in the form of acceptances and $4,000
900 in notes of the Cuban Shipping
Corporation, the company formed by
the syndicate of bankers to aid directly
in financing this years crop in Cuba.
These latter notes are said to have
been taken by the syndicate members
on 5h per cent discount basis. They
run for ninety days and are discount
able at the Federal Reserve Bank, the
same as the acceptance bills.
New-York tribune., 1918-05-22
Air Brake Up 81 Points

On turnover of nearly $500 shares
New York Air Brake scored the larg-
est advance of any stock traded in
yesterday. 1t rose to 1873, which price
has been reached only once before this
year, and closed at 1874 for net
gain of 5A points. The company pays
quarterly dividends of SIS share In
the bull market of 1915 the stock sold
as high as 1885,
New-York tribune., 1918-05-22
New York

To Sell Enemy-Owned Cotton.-At
the opening of the Cotton Exchange
to-day 5,391 bales of enemy owned cot
ton will be sold to the highest bidders
Alien Enemy Property. The bulk of the
cotton to be sold is said to be of good
quality and grades middling and better
Union Pacific Special Meeting.--A
special meeting of the Union Pacific
stockholders has been called for June
% in Salt Lake City, Utah, to author
ize the approval of the government
contract for the operation of the road
and to authorize the board of drec-
tors to agree upon the compensation
and other terms to be accepted from
the government for the latter's use and
operation Of the property.
New-York tribune., 1918-05-22
Stock and Bond Averages

year 1916. Other income was $1,267,-
460, bringing the total income to So
362.241, compared with $5,346,988 for
the previous year. After total deduc-
tions of $2,721,614, a surplus of $2,-
64O,627 was accounted for.
New-York tribune., 1918-05-22
Extras

Discrimination Bag CompaEy.-An extra
dividend of q of l per cent las been de-
clared on the preferred stock. in addition to
the regular quarterly dividend of ~ per
cent both payable June 80
York Manufacturing Company.--Extra div
dend of SO per share in addition to the
regular semi-annual dividend Of 50 per share
has been declared. both payable June l to
stockholders of record May %.
National Transit Compeny-An extra divi-
dend of so cents per share and the regular
dividend of SO cents per share, both payable
June Is to stockholders Of record May 81.
New-York tribune., 1918-05-22
The Dollar in Foreign Exchange

Exchange moved in favor Of Italy
yesterday on quiet trading, with lire
quoted at the close at 9.051a, compared
with 9.07 on Monday. An easier tone
developed in exchange on Holland and
guilders declined from 5OA to SO cents
fo- cable transfers. The rest of the
market was steady.
Closing rates yesterday, compared
with a week ago, follow:
l0u0fod d0llarc To tho xo.,nd
New-York tribune., 1918-05-22
Metals

Copper men are expected to make a
strong appeal for higher price than
231a cents pound for the metal to-
day at the new conference with the
price-fxing committee of the War In
dustries Board. The prevailing, though
not unanimous. opinion in the trade
is that higher price, possibly as high
as 25 cents a pound, will be allowed
Cnntinued an naxe 1o
New-York tribune., 1918-05-22
Money. and Credit

Call money was in fairly liberal sup
ply at the Stock Exchange yesterday,
where the rate ruled at AK to per
cent. Toward the close a sudden in
crease in the demand sent the rate to
6 per cent
A few renewals of maturing time
loans were made yesterday at per
cent for the shorter periods, otherwise
there was little change in the general
situation.
Ruling rates for money yesterday,
compared with a year ago, were as fol-
lows:
Yesterday. Year ago.
Per cent. Per cent.
Call money:
On mixed collateral. 4Ia 2La
On industrial col't' S
Time money (mixed collateraD:
Sixty days 6 q @4N
Ninety days ....... 6 4N@4H
Four months. ..... s 4H@43M
Five to six months. 6 4N@43n
Commercial Paper.-The market was
dull, with a small amount of business
reported at per cent for The best
regular maturities.
Bank Acceptances.-There is an ac-
tive demand for bank acceptances, with
rates steady, 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@4A 4h@4A
E / ible
non-mem-
Der banks.4A@41s 4is@4l4 4a@4a
Ineligible
bank bills.5M@ @424 5l4@4s4 6A@42z
For delivery within thirty days:
Per cent.
Eligible member banks. ...... 4h
Eligible non-member banks asa
| Ineligible bank bills. s
Discount Rates.-Thc following table
gives the current rates of the twelve
Federal Reserve banks on commercial
paper on all periods up to ninety days:
New-York tribune., 1918-05-22

london Money Market.
May 2l.-~Money was plentiful to-day
and discount rates were easy. Money
ruled at 2h per cent. Short bills