davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-04-23
General Electric
Booked Orders for
$246,778,49 in 1917
Heavy Increase in Balance
Available for Stock Is
Reported

Though not dollars worth of mu-
nitions business was taken, the Cen
eral Electric Company last year booked
orders for $246,778,491 of its products,
an amount far in excess Of any pre-
vious year, and $79,6O9,s53 greater than
for 1916, when $2,416,000 Of the COM
pany's business consisted Of orders for
munitions. In 1915 war contracts
amounted to $780, 900, out Of total
of S98,3S5,891.
A substantial q portion of last years
increase, C. A. Coffin, chairman of the
board of directors, stated in the annual
report, issued yesterday consisted Of
orders for ship propulsion and other
apparatus placed by and for the United
States government. Higher prices, due
to increased cost of materials and la
Dor, were also factor in the larger
total value of last years orders
The amount OF sales billed III 1917
amounted to $196,926,317, an increase
Of S62,664, ,028 over the preceding year.
Operating charges absorbed $1G7,921,
TT Of the gross sales, leaving man.
ufacturing profit of $29,OO4,539, to
which was added $4,512,2 of other in
come, making the aggregate net in
come equal to S32,403,828, compared
with s19.16o,973 reported in 1916
In addition to interest charges Of
81, ,113,001 there was set aside from last
years earnings $5,500,000 to meet ex.
cess profits. tax payments to the gov
ernment, with the result that the sur
plus available for dividends amounted
to $26,903,828, equivalent to $26.5O q
share on S101,512,500 stock outstand-
ing, compared with 1881 share
earned in 1915, when no deductions
we're made for the excess profits tax
After dividend payments of S11, ,165,882
last years surplus was $15,737,946
compared with $10,467,8S2 in 1915
when S8,121,646 was distributed to
shareholders.
"The large increase in sales during
the last two years." said Mr.. Coffin in
the report, "has made it necessary to
add to manufacturing facilities to an
During the year saa ss5 wsg ex.
pended for land, buildings and other
structures, tools, machinery and
smaller equipment and fixtures. In
view of the prevailing high prices of
all material and other unusual con-
ditions the sum of s13,287,249 has
been charged against income and gen
cral reserve as depreciation and ad-
ditional plant reserves, resulting in a
net increase in the book value of
plant and equipment Of $9,oS3 ,645."
In addition to the property expen-
ditures last year Mr.. Coffin said
further plant extensions requiring
s13,000,0 900 will be made in 1918. The
net book value Of all Inventories on
December 81, 1917, was placed at $751;
$40, an increase OF $3O,69O ,G7 /.
Customers notes and accounts receiv-
able were carried at 38,406,993, an in
crease Of $11,59O,696.
New-York tribune., 1918-04-23
FINANCIAL MEETINGS
THE CHESAPEAAE AND OHIO RAIL.
WAY COMPANY
NOTICE OF ANNUAL MEETING.

NOTICE OF ANNUAL MEETING.
Notice is hereby given that the annual
APEAIlE AND OHIO RAILWAY COM.
P.ANY will be held. as provided in the BY
laws, at the Office OF the Company in the
City OF Richmond. Virginia. on Tuesday
the 23rd day of April. 1913. at II O'Clock
a. m. % for the election Of Directors;
otherwise as may be provided by law. 70
the acquisition by purchase otherwiW
Of the corporate assets. rights. privilege
franchises. easements, rights of way and
all other property Of the following corpors
tons in which said Hallway Company owns
ta) Of Kanawha Bridge & Terminal Com.
p"ny: (b) OF The Gauley & Meadow Rive'
Railroad Company; tc) OF Logan South
ern Railway Company: td) 81 Pond Fors
Railway Company; (e) OF Piney River q
Paint Greek Railroad Company: tf) Of Elk.
AID (g) Of The Chesa peake and Ohs
Northern Railway Company; t3) 10 author.
ize and consent to .he form and terms of
such acquisitions and OF any agreement of
agreements entered into IN connection
herewith: tD 20 ratify and confirm SUCH
action Heretofore taken or authorized BY
the Board Of Directors o. by the Execut'rs
Committee of the Company as may
submitted to the meeting; and go to trans. NJ
act suc.: other business as may lawfully
come before the meeting.
The stock transfer books will be closec
At the office Of the Company, No. u
Broadway. New York City. on Saturday:
the 23rd day Of March. 1918. at u O'Clock
noon, and will be reopened "Wednesday.
the gath day OF April 1918. at 20 O'CLOCK
a. m.
Dated. Richmond. Virginia. February l.
BY order OF the Board OF Directors
CARL REMINGTON. Secretary.
New-York tribune., 1918-04-23
Relevant Comment
On Starvation Rstions

The extent to which the British gov
crnment dominates the capital market
in England is seen from the report of
new financing for the first quarter of
the current year. During the months
Of January, February and March bor-
rowings in the London market of pri-
vate corporations aggregated only
14,012,000 out of total financing for
the period of s474,25S, ,7oo Government
war financing totalled 1,246,700,
compared with s214,362.10O in the final
quarter of 1917 and s925, $685. 900 in the
corresponding quarter of last year, the
latter quarter containing the great 5
and 4 per cent war loan totals. During
the quarter ended in March last the
sales Of British war savings ccrtifi-
Gates averaged e2.5OO.OOO a day.
New-York tribune., 1918-04-23

The above rates express the cost of
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling at, say, $4.75ss. The intrinsic
parity is s4.S65s per pound. Thus you
say either that pounds are at discount
or that dollars are at premium, which
is owing to the fact that in England
the demand for dollars with which to
settle accounts in this country is greater
than the demand in this country for
pounds with which to settle accounts in
England.
New-York tribune., 1918-04-23
Corporate Returns

Copper Grange Company.-Gross
earnings for the year ended December
81, 1917, amounted to S12,943,158, COM
pared with $13,840,167 for the previous
year. Interest was S154,776 against
s69,S68 for the year before. Mining
expenses were S5,1e8.S5O, compared
with S4,771 1898 for 1916. Net income
available for dividends was S4,966,824,
compared with S6,O78,189 for the pre-
ceding year. Dividends were $3,943,912,
against S3,941,648 paid the previous
year. Surplus amounted to S1,022,912,
compared with S2,136,541 for 1916
Kansas City Southern.-The COM
pany reports gross earnings for March
of S1,365,30S, compared with Sl,o75376
for the same month of the preceding
year. Net after taxes amounted to
responding period of 1917. Gross earn
ings tor the first quarter of 1918 were
s3,8O8,732, compared with S3,142,429 for
the same months of last wear. Net
after taxes was $l,O82,632, compared
with $1sO79,O43 for the corresponding
period of the year before.
East st. LOuis & Suburban Com
pany.-Report for the twelve months
ended February %. last, shows gross
earnings Of s3,742,457, against s3,131.
GA for the same months of 1916 and
1917. Net earnings amounted to ST.
140,030, compared with Sl,21S4A4 for
the corresponding period of the previ
Gus year. Interest, etc, was S7S9,726,
an increase of S30,315 over the preced
ing twelve months. Preferred stock
dividend was $180,000, the same as the
year before. Balance for the period
WAS S170,3O4.
Nashville. Chattanooga & st. Louis
Railway Company.-The annual rcport
Tor the year ended December 81. 1917.
shows operating revenues of S15.194..
755, compared with s13.5lo,5s8 for the
year before. Operating expenses
amounted to S11,550,032, leaving not
operating revenue Of S3,644,723. against
S",769,77o for the preceding wear.
Taxes and uncollectiblc revenues were
S665, ,026. compared with S349,117 for
i9l6. Other income was $1,2O3, SOP,
1879. compared with $4,382,310 for the
previous year. Dividends were $1,12O.-
900, against $1,039532 for the preced
ing year. Surplus amounted to S1.719.-
BIT, compared with $2,017,4O3 for the
year before.
Commonwealth Power, Railway and
Light.-The company's report for Tho thn
month Of March shows gross earnings
Of S1.756,687. an increase Of S137.dSG
over the previous month. Net enrnines
amounted to sG0l,706, compared with
Sb70,060 for the month before. Sur
Plus after charges was $90.952, com
pared with deficit Of sl4,14l ior Feb.
rnary.
New-York tribune., 1918-04-23
News Digest


London Market Firm.~LONDON
April PA confident tone prevailed
IN the investment section of the Stock
Exchange to-day. There was fai,
amount of business and prices were
frmer on balance. Notwithstanding
the uncertainty of the income tax pro-
posals. Spanish fours were erratic in
sympathy with the movement in ex-
change. Shipping, munition and oil
stocks hardened on provincial buying
Foreign railways were heavy, es-
pccially United Havana.
Paris Boursc.- April o.
Trading was quiet on TIE Bourse to-
day. Three per cent rcntcs were quoted
at 80 francs for cash; S per cent loan,
SS francs SIS centimes.
New-York tribune., 1918-04-23

1t is generally conceded that in
dustrial power will be the decisive
factor in the war, and it is quite
obvious that the material resources
of this country are, practically
speaking, without limit. But it is
an unfortunate fact that American
productive power is being wasted in
that too much of it is devoted to
things not essential to the prosecu-
tion of the. war. And, as one of the
country's leading economists says,
success cannot in the long run at
tend any pussy-foot policy that de-
clines to disturb anything or any
body. or imposes sacrifices nowhere"
The fault is not with business, which
has shown no spirit of tenderness
for itself, but has, on the contrary,
given every indication of Willingness
to make any sacrifice the authorities
may require. The trouble lies rather
in the lack of an adequate pro-
gramme for the adoption of Amer
lean industry to the task in
hand. A report just issued by the
Committee on the Purchasing Power
OF Money in Relation to the War is
therefore Of great Importance, for
it tells in plain language just what
is required.
"Plants engaged in producing non
essentials" the committee states,
SHOULD be converted into plants for
the production of essentials. Where
that is impossible they should be pre-
vented from expanding operations,
required to go on short time, or even
to suspend work entirely. Various
means are available for imposing the
check-repressive taxation, refusal
Of coal, raw materials and transpor-
tation, discrimination by public en-
ployment agencies in supplying la
Dor, licensing system, differential
interest rates by banks in granting
credits.
"This attacks the root of the diff
culties through which we are pass
ing. 1t concentrates upon funda-
mentals, but it is policy which calls
for far more knowledge and more
foresight on the part of the govern
ment than the plan of merely offer
ing high prices for everything
needed"
But, to begin with, it is imperative
that business be classified, for other
wise government interference might
result in hopeless confusion. There
fore, the committee says, "some indi-
vidual or board must decide what
industries really are essential to the
prosecution of the war and the main
tenance of national vitality. Some
one must establish the order in which
various needs are to be filled. Some
one must consider what allowance
shall be made for the sacrifice i'm
posed upon legitimate businesses by
governmental restriction. Whoever
that some one is must treat our for
eign commerce as part of the prob
lem, for industries that seem non
essenti al may turn out to be the
means of securing imports that are
essential. He must decide how to
divide the work of regulation be-
tween central and local authorities.
And he must establish such admins
trative machinery as may be re-
qulred to get his decisions enforced"
1t is to be hoped that this report
will bear fruit, for not until some
such plan is adopted will our full
indll st RI al ra,uo,. lo
New-York tribune., 1918-04-23
20 the Holders of adjustment Obliss.
tions" of
IDAHO IRRIGATION COMPANY. LIMIIEa
C,onsistlng OF Bonds. Certificates ana

Consisting of Bonds. Certificates ana
Notes. issued under its Adjustment
Mortgage dated January I, 1918:
Notice is hereby given that the fourth
annual meeting of holders of Bonds Certif.
Gates and Notes issued under the above.
mentioned mortgage will be held on Tuesday
May Z. 1918, al eleven O'Clock in the fore
noon. at the Office of The Equitable Trust
Company of New York, No 81 Wall Street
Borough of Manhattan. City of New York
pursuant to the provisions of Section Of
Article Eight of said mortgage. which pro-
sides. among other things, shat at such
annual meeting holders of Adjustment Oh.
legations shall elect members for the ensu-
vided for in said Article. shan receive The
reports and statements to be submitted by
Idaho Irrigation Company. Limited, as pro-
vIded in Section 7 of Article Five of said
mortgage. and may take any other action
therein provided to be taken by holders Of
Adjustment Obligations at meetings thereof.
BY order of the Adjustment Committee
named in said mortgage.
Z. w. NIvER. Secretary
New-York tribune., 1918-04-23

turing obligations, and there was .n,a ,Ii
mediate danger that the system wos.. s.s.
be dismembered by bondholders o. ~ ~.
dcrlying corporations. The cours -
nounced that decision would 90 ~
dered tomorrow. although attein,; :.
for the company consented to the =.
ceivefship, and formally asked toI s,'.i. -.
appointment of some prominent ~ ~.
ness man Of Pittsburgh. The "a
pany, which is capitalized 1t $osuyts ~
and controls the traction system " nsr,.
city as we'll as that Of forty neiessss "a
ing boroughs, is ono Of the unesF u
corporations Of the Philadelph'a
pany. SS
New-York tribune., 1918-04-23

the o,ooo,ooo credit had been exhaust
ed and dollar exchange began to de-
cline almost Immediately.
1t was reported yesterday that the
United States is seeking to make
credit arrangement with Uruguay SINH
lar to that arranged with Argentina.
New-York tribune., 1918-04-23
Shipbuilding Shares Strong

On turnover of 800 shares The stock
of the American Shipbuilding Company
advanced 8 points in yesterdays mar
ket to 120. Only 100 shares changed
hands last week, with net gain of 4'4
points. The stock sold as low as S97s
on February 6 and as high as 142 in
1917. Since the announcement that Mr.
Schwab was made director general of
the Emergency Fleet Corporation the
stock has advanced 12L nnints
New-York tribune., 1918-04-23
Other Cities

Apply for Recciver.-PITTSBURGH.
April 22-The American Brake Shoe
and Foundry Company, of Wilmington,
Del, and the ST.. Louis Car Comnay. Of
St. Louis, to-day applied for receiver
for the Pittsburgh Railways Company,
alleging that the revenues of the COM
pany were not sufficient to meet ma.
New-York tribune., 1918-04-23
NOTICE,

The annual meeting of the Stockholders
or The Arahol Manufacturing Company io'
the election OF trustees for the comins
year. and inspectors for election TO ser'o
at the next annual meeting. and for r., r..
ceiving the Treasurer's report, and for s tne
consideration of an amendment to Ari,ce .s
! OF the bylaws. and for such ss otns
business may properly belong belo.ss
the meeting. will be held al the ofices ..
the Company. No. 100 William Street. Ne Ne
York City. on the 9Th day of May. lsis
at 300 o'clock in the afternoon.
Transfer books closed and will open o'
May Goth. 1918.
THE ARABOL MANUFACTURING Co
f. w. ZIEMER. Secretafs.
Dated New York. April 22nd. 1915
New-York tribune., 1918-04-23
sUY-sELL

MIDWEST REFINING CO.
MERRITT OIL CORPORATION
Elk BASIN PETROLEUM CO.
INTERNATIONAL PETROLEUM
IMPERIAL OIL CO., LTD.
LOEITOs oiLFaELDS, LTD.
SAPULPA REFINING CO.
HOUSTON OIL CO.
PORT EOBoS PETROLEUM
NATIONAL. FUEL GAS CO.
NORTKWEST OIL CO.
CoSDEM AND CO.
BONDS 4 STOCK
CARLH.PFORZHElNER&C0.
Dealers In Standard Oil Securities
Phenw 1850 i-eA3A Broad Is Broad St.. n. Z.
New-York tribune., 1918-04-23

TO THE STOCKHOLDERS AND De-
BENTURE HOLDERS OF THE
INVESTMENT SECURITIES C0MPANi.,
Tho annual meeting of the Invesimsshns shs
Securities Company will be held a. ~.
New York CITY. on Monday. May lS is'''
at - O'Clock noon
HERMAN J. COOK. Secretary.
New-York tribune., 1918-04-23
The Dollar in Foreign Exchange

Exchange rates moved narrowly in
dull market yesterday. About the only
change of Importance was a slight de-
cline in the rate for sight drafts on
London.
Paris exchange in London was quoted
yesterday at 81 francs, 16 centimes.
Closing rates yesterday. compared
with a week ago, follow:
Quoted dollars to the pound.)
New-York tribune., 1918-04-23
- - -
DIVIDEND NOTICES
he PULLMAN COMPANY

THE PULLMAN COMPANY
DIVIDEND NO. 205. ..r
a quarterly dividend OF two doiisss 70
share Will be paid May 18th, isis, is!s,n,s,
stockholders OF record at close OF ous'"s
April 30th. 1918 .r
]. r. KANE. Assistant Secretsss
Chicago. April soth. 1918.
New-York tribune., 1918-04-23

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., 1918-04-23

*These certificates are acceptable in pay
mcnt of taxes.
New-York tribune., 1918-04-23

Bank Clearings.-The days bank
clcarings at New York and other cities:
Exchanges. Balances.
New York. .... .$458,719,4S3 $76,e52,645
Boston. ........ 7,761,680 22,244, 1870
Philadelphia. 80. 52,877, 1868 13,154,O4O
New-York tribune., 1918-04-23
Importance of the Potato

The opening of the spring drive for
a further develobment Of potato pro-
duction in the United States was made
the occasion of recent discussion of
the worlds potato crop and its future
in lecture before class in economics
in the educational department of the
National City Bank. Recent develop
ments, said the lecturer, promise to
greatly increase the Importance Of the
potato as world food crop. "The
have sharpened the wits of the scien-
titic world so that now it is found
practicable to so preserve the potato
by grinding and drying that it is trans
ferred from the list of local and per-
lshable crops to one which may be
produced in almost unlimited quanti-
ties in certain areas and distributed to
any part of the world"
Pyrotechnics Anticipated
Fireworks are looked for to-day
when the different factions of Metro
politan Petroleum Corporation stock
holders get together in the Equitable
Building to learn the why's and where
torres Of the company's sale to the ISL
ana Oll and transport Corporation of
It's one producing we'll. Richmond
Leverlng, who has figured in the yari
Gus charges and counter charges and
who called the meeting, is scheduled
to appear before the stockholders and
answer any civil" questions that are
put to him. Two or three protective
committees will be represented at the
meeting, which will begin at 8 o'clock
IN an assembly chamber specially re-
served for the occasion.
New Acceptance Market
John J. Pulleyn, president of the
Em'grant Industrial Savings Bank of
New York City, is the first savings
bank president to take ADVANTAGE of
the new law in New York State per
m'tting savings banks to buy bank ac
cssptances Governor Whitman signed
the bill yesterday afternoon, and as a
result OF negotiations on the part Of
The National City Company $1OO, 900
n!nety-day acceptance of the National
City Bank was sold to the Emigrant
industrial Savings Bank at d 3-1G per
cent. Under the new law savings
banks of New York State will be per,
mitted to buy acceptances of banks
having their principal place of busi-
ness IN the State of New York to the
extent of per cent of their deposits.
New-York tribune., 1918-04-23
Telephones:
Hanover 6514

Short bills were discounted at 81 per
cent; three month bills, 9-16 per cent.
Gold premiums at Lisbon, 10000.
Discount Rates.-The 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., 1918-04-23

London Money Market.--LONDON,
April 22.~yTherc was a better demand
for money and discount rates were
steady. Money loaned at IN per cent
New-York tribune., 1918-04-23

silver.-Bar silver in London was
43d, an advance OF Nd; New York
s9Hc, an increase Of 11zc; Mexican dol
lars, TIE, unchanged.
New-York tribune., 1918-04-23

sub-Treasury. The banks lost to
the Sub-Treasury yesterday s739 900.
New-York tribune., 1918-04-23

Maturi
American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1918-06-21
POWER COUNTY WOMEN'S
COUNCIL DEFENSE MEETING

The meeting arranged for by the
Womens Council of Defense, June Is.
was a most successful one from the
standpoint of attendance and informa-
ton. Much care was taken to bring a
vital message to all those who came.
The program was as follows:
Morning-Bread demonstration by
Mrs. Littooy of Boise. Mrs. Littooy
has made so many successful expert
ments with the war" flours that she
was able to bring some very helpful
suggestions along these lines. She Is
not a member of the extension staff.
Afternoon-After a few relevant re-
marks Miss Rice presented Miss Hoov-
Ell. federal food administrator for the
western states. who gave an instruc-
tive and interesting talk on milk and
milk products, after which Miss Jen-
nings. state dairy demonstrator, inter
ested the ladies in the making of cot
tage cheese palatable.
Many war breads were brought and
prizes awarded as follows:
Wheatless-First, Mrs. Martin Garn
second. Mrs. G. Wilske.
| Seventy-tive Per Cent Substitute
First. Mrs. G. Wilske; second, Mrs. H
r. Wallis.
Shorts Bread-Nlrs. J. 7. Fisher
Miss Hoover was more than pleas
ed with the results and said that these
breads were as good as any she haC
seen in the state.
The attendance more than did Am
lerican Falls and Power county proud
Miss Jennings said American Falls
gave her the best crowd she had an
place in the state. This is the righ
kind of spirit and with it we will viii
the war.
A word should be said in apprecia
tion of the untiring efforts of Mis-
Rice and many others. Good leader
are essential. The people of Ameri
can Falls have them.
American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1918-06-21

CANNING SUGAR RATION
REDUCED TO % POUNDS
Hoover RevOkes His 100-POund Ruling
Because of Short Crop in Cuba and
Losses at Sea; , and 5-POund Al
lOwance Still in Effect.

From and after this date, house
holders will be limited in their pur-
chases of sugar for home canning and
preserving purposes, for the present
at least, to not over 25 pounds, it was
announced Wednesday at the office of
the Idaho food administration. This
Limitation was made necessary, it was
explained, by a wire received Wednes-
day from Herbert Hoover, stating that
the sugar situation has become serious
and requires greater conservation of
that product, and directing Admins
TRAITOR Bicknell to make the new rule
effective Immediately.
Some days ago Idaho's administra-
tor issued an order with the authority
of the national administration, per-
mitting purchases by families of 100
pounds of sugar for home canning and
preserving purposes only, but the 20
pound limitation called for by Mr..
Hoover revokes that order. All gro
GERS are charged with notice of the
new order, it was stated at the food
administration office.
Attention was again called to the
rule. announced a few days ago. linn
lltlnS tne purchase OF sugar ny uOuSS-
holders for other than home canning
and preserving purposes to two
pounds to town customers and five
pounds to rural customers. This rule
remains the same, and dealers are
cautioned not to exceed the amounts
named unde rany circumstances.
In Mr.. HoOver's wire the reasons
given for the seriousness of the situa-
ltion are shorter Cuban deliveries than
were expected, the large consumption
and submarine losses, together with
1.-THE consequent loss in shipping. He
advises that manufacturers of mon
essentials" under the manufacturers
sugar rationing plan, who have moi
filed their statements of requirements
with the food administration as di
rected by this date. are to receive M
further sugar for the remainder of the
year. The wire states that ever
though there is a temporary surplus
in Idaho. conservation is important
as this sugar must be distributed owe
considerable period. The wire con
cludes: "If not already done, limi
sales for household purchases to tw'
= pounds in town and five pounds in ru
raj communities"