davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-09-22
The Dollar in Foreign Exchange

Net changes in the exchange rates
on foreign countries in the week end
ed yesterday were unusually slight. AL
though the neutrals fuctuated up and
down, all except Switzerland and Spain
are at the same level as week ago.
Swiss francs, whose tendency was
weak, declined most notably. The
dollar would buy 4.44 Swiss francs
yesterday, against 4.33 the previous
Saturday. Pending the official an
nouncement of the details Of the
American credit arranged in Spain.
fates on Madrid continued to be EASY.
STERLING and French exchange re-
NAMED almost absolutely stable dur
ing the week. At the beginning of
the week the neutrals were Weak. Whom
Austria Hungary sent out her offer for
confidential and non binding inter
change. of views: but they trmed up
when it became known that the Allies
would promptly reject the proffer.
The volume of trading in exchange
during the week was relatively light
and short covering was a factor in the
daily fluctuations. The transfer of a
part OF the funds held in this city bv
Individual Japanese bankers to the
imperial government of japan was an
Important development of the week.
ne Nippon bankers were credited with
balances in Japan for their New York
funds, which they were unable to shin
on account of the American embargo
on the export of gold.
IT you calculate the cost of the dol
lar in terms of foreign money at par
value-that is, if you were buying dol
lars with pounds, marks or francs--its
value at the close of last week, as com
pared with year ago, would be about
as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-09-22
Price Level at New High
Commodities Up SO Per Cent
in Four Years

The general level of prices, as meas
ured by Dun's index number of whole
sale commodity quotations, is now
nearly % per cent higher than at the
outbreak of the war. The new high
level attained on September i was
S22332.SS2. This represents a rise Of O a
per cent above the former record fig
ure of $3.50 .575, established on july I. .
Compared with $215.O1O of Septcm-
bcr l, 1917. however, an advance of So
per cent was shown. The rise in the
September l index number, it was
pointed out. would have been higher
had it not been for decline of rs
per cent In the hrcadstufs total, which
fell from SOL .620 to S5O211
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-09-22
Commission Pledges
Aid to Business

The Federal Trade Commission.
which strongly recommended to Con,
gress the passage of the Webb act,
VIII strive to have the law carried out
IN accordance with the spirit with
which it was written. 1t purposes to
AID business concerns and grouns
which want to combine for foreign
trade, and desires to stimulate com
merce after the war in any way it can.
Asked what the policy of the commits
sion VIII be In the matter of aiding as
sociations that desire to come under
the Webb law, John Franklin Fort. one
of the members of the Federal Trade
Commission and former Governor of
New Jersey, told The Tribune:
Very much will depend upon care
full compliance of the act in the mat
ter of formation of associations for
foreign trade under the act, and great
care IN forming the associations must
be taken to see that they are to be en-
gagged solely in export trade, otherwise
they may get into difficulty under the
sherman law. 1t is the purpose Of the
Federal Trade Commission to be as
helpful to the business interests in
this regard as possible. We will rem
DER all the assistance that we can"
The Webb law strike at the keynote
OF the future of American foreign
trade. Those who think it is panacea
are bound to be disappointed. Its real
effect is to remove the letters from the
American exporter and to set his
energies free.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-09-22
Labor Shortage Hits Conners

shortage of labor is hurting MANY Of
the copper producing companies Tha
problem is particularly acute in tho
Lake Superior country. An example NJ
us eHect on output is seen in the re-
duction of 100000 pounds in the con-
Ter I production of the rich Calumet and
, ,! properties during August. The
lupu;1; OF this company and its
S SuoS oon last month aggregated TO-,
o ao'ooo pounds, compared with 1915
600 pounds during March. the 4' nj.
VIE peak
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-09-22
Surveying Copper Conditions

copper producers point out that the
'a'i'ng OF of production as a result
OF the labor scarcity hurts in more
ways than one. In the first place it
reduces the amount of copper available
Tor war purposes. Secondly, costs
mount as production falls. In the
I tnlrd place, gross revenues decline.
copper companies are therefore watch
ing with keen interest the result of
me canvass of the Department of Labor
%nlch at the instance of the Ordnance
department. is sending questionnaires
70 the various companies with view
TO determining how they are being
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-09-22
Extras

Bank of Manhattan Company-An
extra dividend of 80 cents share N
addition to the quarterly dividend OF
81 share. both payable October to
stockholders of record September %
Ogilvie Flour Mills. Ltd Extra diyi-
dend OF Is per cent on the common
stock in addition to the regular guar
terly dividend of per cent, both pay
able October l to stockholders of rec
ord September 27.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-09-22
Boston Notes Sold Here Privately

The City Of Boston offered in this
market last Thursday s2,5oo,Ooo notes
maturing November is, but none of
the bids received was acceptable. On
Friday the notes were taken by a pri-
,vate banking firm on 4.4O per cent
basis. On the same day the City of
Worcester sold 100000 short term
notes on a 4.19 per cent basis, The
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-09-22
Higher Fares Allowed

WASHINGTON, Spet. q. - Permis-
sion to increase passenger rates to a
~ cent per mile basis was given the
ONO Electric Railway Company to-day
oy the Interstate Commerce Commits
sion. Inc increase affects rates be-
mantown, Dayton, Columbus. Zanes.
VILE, Newark, Springfield, Lima and
Toledo, Ohio, and Richmond, Union
City and Fort Wayne. Ind.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-09-22
Dividends
Specials

Great Western Sugar Company
special dividend of 10 per cent has
been declared in addition to the regu-
lar quarterly dividend of IL per cent
on the common and preferred stocks.
all payable October to stockholders oil
record September Is.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-09-22
Argentine Beef Shipments

During the first half of this year
Argentina shipped 20 other countries
2,811,343 quarters, as against 2,5ll Avn
but exports of chilled beef quarter
totalled only 2S,544. compaked WIZ
amounted to 454, 1855 csrcassel, as eolss'.
pared with 665. 1877, and of frdzen iar,sg
to 93,842, as against 2S7.0S2 Aast yesA
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-09-22

t;na identified with both transac
lion lions : sad yesterday it was unl;heIv
n r"dt e'tner issue would be offered for
, punliS SUBSCRIPTION owing to the short
PERIOD for which they run. ~ '''o' !
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-09-22

Bank Clearings.-Bank clearings YES
terday in New York and other cities
we're:
Exchanges. Balances.
New York -. 1886, 7o5,842 $54,3o2,112
Boston ....... 4e,631,819 1861 ,7oe
Philadelphia. 61,815,834 13,73O,682
Silver.-London, 491s, unchanged;
New York, 10l1sc, unchanged; Mexican
dollars, 7Sc, unchanged.
Bank ACKNOWLEDGEMENTS yesterday
We're as follows:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent. Per cent. Fer cent
E ! igible
m m Der
banks. :. .4A@4 43a@4I4 43s@4I1
E igible
non-mem-
Der banks.4A @41s 4ss@44s 43a@4Y.
Ineligible
bank bills.5M@4 5A@4s4 5M@4sl
For delivery within thirty days:
Per cent
Eligible member banks. Az
Eligible non-member banks. 80. asa
Ineligible bank bills. ........... 6
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-09-22

materially created. and it is optional
whether it should be loose associa-
ton or corporation in form.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-09-22

In discussing the proposal to in.
crease the price of gold in order to
stimulate the production of the metal
Professor Irving Fisher calls atten-
ton to the fact that the present
high cost of living is largely the re-
suit OF our enormous gold importa-
tons. says that TO stimulate produc-
ton at this time would simply re-
salt IN d further rise of commodity
prices, and goes on:
We already have the major part of
the worlds gold in the vaults of the
united states Treasury. If. after the
war, there should be tendency for
ITS too rapid withd rawal. the problem
can be dealt with then. and in several
ways. Bu. as yet such a catastrophe
is not even in sight. And not only
do We have an undue quantity of
gold at present, but the gold which
we possesses is of little or no use
during the war. 1t. is, one may saw.
'ANSA"Su Ao' tle pcTlOQ OF tne war,
and of potential use for after-the
war trade with other nations and for
redemption Of credit and currency.
AT present it is not wanted for do
nestle circulation and can be little
used IN foreign trade, while, for war
reasons, it is practically not used at
all in redemption. 1t is simply an
immense unused hoard laid up for
the future.
Any increase in that hoard in~
wolves an increase in the circulating
medium. While the new gold would
go into the United States Treasury
vaults, those who deposited it would
receive gold certificates which add
to the actual circulation; and the
circulating medium is already in
creasing faster than business de-
mands.
In thus stating the objections to
an increase in the price of gold
Professor Fisher has incidentally
made clear the absurdity of the en-
barge on exports of the metal in
the face of an urgent need of such
exports to correct the adverse ex-
changes on neutral countries. There
II a superabupdance of gold in this
country, and there is no good reason
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-09-22
cents, together with the intrinsic gold
parity, rs calculated by tho United

The above rates express TIC cost Of
forei gn money in terms of the Ameri-
can dollar. You buy IN English pound
sterling at. sey. $4.7b60. The intrinsic
parity is S48ebs per pound. Thus you
say either that pounds arc at a dis
which is owing to the fact that in Eng
land the demand for dollars with which
to settle accounts in this country is
greater than the demand in this coun-
try for pounds with which to settle ac.
counts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-09-22

The effects of increased freight
and passenger rates in rail-
road earnings are fully reflected,
for the first time, in the July state
ment issued yesterday by the Inter
state Commerce Commission. Gross
earnings from freight operations
were 35 per cent larger than in the
corresponding month year before,
whereas the increase for the seven
months was only II per cent. SINH
larly passenger revenues jumped AZ
per cent, against a gain for the
whole period of government opera
ton of p per cent. But what is
more illuminating is the fact that
the operating ratio-that is, the
ratio of operating expenses to oper-
ating revenues-was only CTS per
cent in July, against $50 per cent
for the whole period, and this de-
crease was not accompanied by any
substantial change in the actual
amount expended on railroad oper-
ations. The result was that the OPP
Grating income of the roads covered
in the report for the month reached
$135, 69S,030, bringing the income
for the seven months up to $780,
1888. Assuming that the results
in the last five months are as favor
able as in July, the years operating
income may be sufficient to cover
the compensation guaranteed the
railroads. At any rate, if there is
a deficit it will be small one, and
probably will be wiped out in the
succeeding year.
The South itself is largely re-
sponsible for the reported intention
of the President to fix the price of
cotton. Had the planters marketed
their holdings as in normal times
the situation would not have as
sumed the threatening aspect which
made some such action seem neces-
sary. But planters have steadily
sand persistently withheld cotton
from the market, and thereby have
forced the price OF the staple up to
an abnormally high and partially
artificial level. The South will not
suffer greatly by price fixing, how
ever, since 1t is practically certain
that the price will be high enough to
insure the planter very large re-
turn, probably much larger proper
tionately than the farmer gets for
his wheat. 1t is the brokers who
will be hardest hit, as was the case
when wheat prices were fixed and
speculation in futures thereby elm
mated. A fixed price for cotton
would eliminate the necessity for
futures market, inasmuch as there
would be no need of hedging trans
actions. 1t would also eliminate
speculation in the commodity, and
1t is very largely on speculation that
the broker thrives, although bust
ness Of this character has been
somewhat restricted of late on the
local exchange. The cotton broker
age houses will fare thinly under
fixed prices, bat that is misfort-
une OF war That cannot be avoided
IT the Administration considers it
necessary to assume control of the
market for the last important basic
commodity that has remained free
from restrictions.
In discussing the proposal to in
crease the price of cold in order IN
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-09-22

Closing rates yesterday compar.
with week ago follow:
Quoted dollars to the pound.)
Evening star., 1918-06-06
COL. ROOSEVELT, SMILING,
RETURNS TO G. o. P. CLUB
Oscar Straus Also Among Dis
tinguished Prodigals at Dim
ner in New York.

NEW YORK. June 6.-Theodore
Roosevelt was the most distinguished
Of tho prodigal sons who returned to
the fold Of the Republican Club of
Now York at a dinner, in the club
house last night. He swept through
the crowded lobby shouting Hello
to the men who once turned his pic
ture to the wall. while they cheered
him rapturously. He greeted with
particular warmth Oscar s. Straus
once the candidate Of the progessives
for Governor of Now York. another
Of the returning prodigals.
The dinner was in the nature Of. a
reception to Will H. Hays. chairman
Of the republican national commit
tee. William r. Wilcox. the man he
succeeded. also was there, his face
wreathed in smiles.
Gov. Charles S. Whitman was prom
inent among those present" and sc
was Marion E. Lewis, attorney gen.
eral. who will be his rival in the con-
test for the gubernatorial nomination
in the fall. The guests included al
most all the prominent republicans ir
the state who are Office holders and
many who are not.
Evening star., 1918-06-06
CONGRESS NOT TO.STOP
BEER AND WINE MAKING

Legislation prohibiting the use of
foodstuffs for manufacture of beer and
wine at this time appears improbable.
President Wilson has said he would
oppose it unless recommended by Food
Administrator Hoover. Mr.. Hoover
has said he did not consider it neces-
sary now. Under the food control act
the President has the authority to
stop the use of foodstuffs for the
manufacture of beer and wine when
it appears necessary to conserve food.
President Wilson and Mr.. Hoover
have both written letters to Senator
Sheppard Of Texas in regard to this
matter. They both believe, according
to Senator Sheppard. that little food
stuffs would be saved by extending
prohibition to manufacture of beer
and wines.
with about 10000, 900 gallons of
whisky in the warehouses. he said,
both the executive and food adminis-
traitor take the position that to abol-
ish manufacture of beer and wines
virtually would put the consumers Of
alcoholic beverages on a whisky basis
This they regard as highly undesira-
BILE.
Evening star., 1918-06-06

"Flat-foot," says recent article in
Physical Culture, ."'has deprived thousands
of our patriotic young men of the oppor-
tunity to serve their country. In the
majority of these cases their feet are
unfit only through misuse"
Flat-foot has increased alarmingly since
hard stone pavements were laid in cities.
The records of the Hospital for Crippled
in New York, show that in the year 1890,
before hard stone pavements were intro
duced, Arch Trouble claimed 2.6 percent
of the new patients treated. In 1906, the
percentage had risen to 1873, and in the
last report to over 80 percent.
Figures taken from reports of the Army
and Navy. the Police and Fire Depart
ments, showed the same increase in foot
troubles.
The far-reaching effects
On a soft walk the foot shapes the
ground; on an unyielding walk, the pave
ment shapes the foot.
The continual pounding with the whole
weight of the body on hard, unyielding
pavements, weakens these natural springs
of the foot-elasticity of step is lost, and
the foot is gradually hattened out.
This constant strain on the arches, and
stretching of the lgaments, results in
extreme tenderness and marked pains
Evening star., 1918-06-06
Coal Shipments to New Eneland.

To provide against a shortage In
coal in New England next winter
large quantities are being moved to
that section, according to an an
nouncement by the United States
Fuel Administration. The Goa, d.,,v.
cries to New England by steamers
alone during May were 100 900 more
tons than In April. Shipments By
.echooners and - ]
Evening star., 1918-06-06
WANT BIGGER PLANT FOR
TUBERCULOSIS HOSPITAL

An estimate of 100000 for the en-
largement of the tuberculosis Hospi-
tai in the District of Columbia has
been sent to Congress today by the
Secretary Of the Treasury at the re-
quest Of the District Commissioners.
A letter from the District Commits
sioners explained that it was pro-
posed to use the money for the con-
struction Of additional buildings for
cases OF incipient tuberculosis. Tho
letter also stated that the Tubercu-
losis Hospital is now crowded and
that the large increase in population
in the District makes 1t imperative
that additional facilities for treating
tuberculosis patients be provided.
Evening star., 1918-06-06
Awards Of the Prizes.

0Wo40o "a tA0 A&AS0s
Department Of arts and science: =
Davis prizes for excellence in elocu-
tion-First prize, Elizabeth Peet: sec
ond prize, Lettie Ethel Stewart; third
prize. Lyle Virginia Rush.
Daughters Of the American Revolu-
tion-For high standing in history
and for essays on an assigned topic
of American history; Bess Alma Han
key, Jane Elizabeth Hermann.
standard Of scholarship, in history. and
best essay on a designated period of
the. history Of England-Samuel Poe
Garden.
E. K. Cutter prize for excellence in
EnElishELettie IY;,l;h Let. Ethel Stewart; a,s, :.
chemistry-Arthur Gebhart.
Gardner G. Hubbard prize for high
standing in American history and
best essay touching some assigned
period in American history-Warren
Muth prize for highest record in
freshman mechanical drawing-Wal-
ter ]. Kirby.
Chi Omega prize in philosophy for
best essay on a philosophical sub
5ect-Alexandra Louise Galeski.
Sigma Kappa prize, in English. for
best examination in English rhet-
oric-Agnes Josephine Gregory.
Pi Beta Phi prize in political science
for the best essay on a. political
science subject-King Chu.
Law school:
John B. Larner gold medal for
highest average grade in entire
course for degree Of bachelor Of
laws-Charles Ger Marshall, LII. B.,
February, 1918.
Herrick prize for highest grade in
the entire work of the third year
Gerald Vernell Weikert.
Blackstone Institute, prizes for
highest average grade in the entire
work of the third year-John A..
Osoinach.
Ellsworth prize for best work in
patent law course-Hadley Fairfield
Freeman.
College of Veterinary Medicine:
Prize for highest average grade in
the entire course-Francas Henry
Vessel.
Prize for best work in surgery
Laurence irwin Hines.
High school scholarship awards in
department of arts and sciences:
Kendall scholarship, A. r. Denison.
Mckinley Manual Training School;
first university, Alice Fowler, Central
High School; second university. Mae
third university, Elizabeth Earnest,
Western High School; fourth uni
versity. Genevieve Johnson, Central
High School; fifth university, w. l..
Shearer. Mckinley Manual Training
School, and sixth university, Foster
Hagan, Central High School.
Evening star., 1918-06-06
The feet Of the
National Ar1nW
What u S. Army inspection shoved about civian feet

x - .FSNAhiSsssfsse
throughout the foot, and muscles of the
leg as well.
Chronic fatigue and many more serious
ailments have been traced to that appar-
entity harmless deformity-
Heels best suited for City wear
Hard nail-studded leather heels do not
help to make walking easier. Hard leather
heels tend to aggravate foot troubles. The
leather heel is no more suited to modern
stone pavements than the sandals of
ancient days.
The heels best suited to hard modern
pavements are O'Sullivan's Heels. Be-
cause of our special process, OSullivan's
Heels combine the greatest dur rability with
the greatest resiliency. They are made
of perfect heel material.
Buy your new shoes with O'Sullivan's
Heels already attached. Good dealers sell
the latest style shoes with these heels al
ready attached. Have O'Sullivan's put on
all your shoes at once. Every day you
delay putting them on you are impos-
ing serious strain on the structure of
x,r,,r feat and
Evening star., 1918-06-06
Moves for Farm Risk Bureau.

Insurance of farm products by the
government, where the farmer cannot
get insurance at reasonable rates. is
provided for in a bill by Representa-
tive King of Illinois. He asks Con-
gress to authorize a bureau of farm
risk insurance, with an. appropriation
Of $10.0O0,000 to pay losses.
Evening star., 1918-06-06
Proposes Air Accident Inquiry.

Congressional investigation OF 40.
cidents at aviation camps is asked in
resolution introduced In the House
yesterday by Representative Husted
Of New York. 1t is pointed ont that
accidents in the last five weeks show
that some have been due to defective
construction and negligent inspection
OF the airships.
Evening star., 1918-06-06
DRY time OF have not had their wish

tory time or have not had their wish
es gratified by the conference COM
mittee dealing with the bill. The en-
ployes argue that with the present
small force in the postal service the
seventh day OF the week is needed
for rest, and II this provision is re-
tanned in the bill they will be COM
PEELED to work the seventh day and
take overtime pay for II.
Evening star., 1918-06-06
POSTAL CLERKS FAIL
TO GET BILL CHANGED

Postal employees who have been
asking that provision in the post
office appropriation bill be eliminated
which would provide for their accept
ing overtime pay in lieu of compensa-
Evening star., 1918-06-06

your feet, and a
needless tax on
energy.
Insist onO'Sul-
livan's; avoid the
disappointment of
substitutes.