davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-01-27
Wheat Growing in Holland

The scarcity Of wheat and -four in
Holland has led to consideration of
the possibility of devoting sufficient
land TO wheat growing to supply the
entire population with bread.
s'In the discussions on this subject
writes Frank W. Mahin, American con-
sui 1T Amsterdam, at is recalled that
in olden times Holland produced not
merely enough wheat for its own
needs, but even a surplus for export.
Gradually, it appears, wheat growing
was reduced, much soil being trans
ferred to the cultivation of vegetables
and the raising OF live stock, Of both
Of which there has been for many
years large surplus for export. The
belief seems warranted that Il The land
on which surplus live stock and vegc-
tables have been produced were trans
ferred to the growing Of wheat sutfi-
cient -four would result to supply
Hollands requirements for bread.
"The government is now urging that
New-York tribune., 1918-01-27
Sears-Roebuck's Net
Profits Smaller on
Record Gross Sales
Surplus for 1917 Equal to
$18.O8 a Share on
Common Stock

Sears, Roebuck & Co. in 1917 did
the largest gross business in their his
tory, but net profits were less than in
1916. Total sales last year were s1.S,-
26S, ,223, an increase of $31 ,429,T12 over
the previous year. Net sales were $780,
S07,60S, against S137,2OO,803 in 1916.
Other income brought the total net in
come up to $166, 1O6,46O, an increase Of
$2S,684,551.
Total charges against net income last
year consumed $151 ,986,532, compared
with S121, ,502 in 1916. Operating
expenses increased s26,17o,364. The
company's pension fund increased from
$412,216 to $9O5,4S4. Last year there
was set aside $3,977,39S against Fed
eral taxes, including the excess profits
impost.
After payment Of dividends on the
preferred stock, the 1917 surplus avail
able for the $75,O0O,ooo common stock
was equal to $18.0S share, against
$26.79 share earned in 1916 on $780,
100000 common stock.
The balance sheet showed that ad-
vances to aid investments in factories
owned by the company increased from
S17,756.378 in 1916 to 24,549, ,5o6 last
year. Investments in branches jumped
from S7,439,747 to $11,313,35S. On the
liability side bills payable showed an
increase of $16,795,0 900, this item at the
close of 1916 standing at only S3,000,-
600.
The company's investment in Liberty
bonds on December 81 last was shown
to be S2,287,62S.
New-York tribune., 1918-01-27

ther. that tho Secretary Of the Trcss-
urS' under rules and regulations pre-
scribed by him, may allow credit
against such taxes so paid in ad-
vance OF an amount not exceeding 2
per centum per annum calculated
upon the amount so paid from the
GATE OF such payment to the dato now
i'Sed by law for such payment; but
no such credit shall bo allowed ON
payments in excess of taxes deter
pined to be cue, nor on payments
made after tho expiration Of four
and one-half months after tho close
OF tho taxable year. All penalties
provided by existing law for failurn
to pay tax when due arc hereby modc
applicable to any failure to nav +be
tax at the time or times required in
this section.
The italics are ours.
New-York tribune., 1918-01-27
Cotton Goods Trade
[By Tho Associated press1

Cotton goods were stronger d,,r;no
the last week. Mills have been slow to
sell through uncertainty concerning
ability to deliver, and buyers have not
been able to find many of the cloths
wanted for early use. Selling agents
for largo mills making gingham, and
mapped cottons for fall delivery have
been compelled to cut orders down and
apportion the limited product that can
be turned out before October. IIcavv
brown cottons and print cloths have adj
vanced to still higher prices, and there
mas been q better demand for wide
1apr1cs 1or general civilian purposes.
me government, demands and the
other war demands continue as the
dominant influence in the trade, There
are moro export inquiries being re-
cclved. most of which cannot be taken
care of, as ills are already closely en-
gagged on goods for the next ten weeks
delivery.
Merchants find it difficult to arrive at
JUST conception Of the relations of
production and distribution, conse-
quent upon the shutting down of mills
and the congested conditions of trans
to sell cautiously for this reason. ,Ioh.
bers, on the other hand, are anxious to
cover their forward needs lest further
ccurtaIiment Of mill output will be fol-
loved by greater scarcity.
Prices arc as follows: Print cloths.
lo-inch 64X64s, 9& cents; G4x6Os, 9}s
cents; 3ols inch, G4x64s, 13 cents:
Drown sheetlngs. Southern standards.
- cents; denims, %.2o indigoes, 32la
cents; tickings, ounce, 37la cents:
prints. Is cents; staple ginghams. IL
cents; dress ginghams. 22fa cents.
New-York tribune., 1918-01-27
France Lacks Tobacco
Shortage Due to Increased Use
and Decreased Import

The public has recently complained
Of the difficulty of finding in the French
retail tobacco stores the usual supply
Of smoking tobacco and cigarettes of
French manufacture. In explanation Of
this situation the authorities have is
sued note to the newspapers, stating
that it Is due to the great increase in
tho consumption Of tobacco since the
beginning Of the war, and to Difficult
ties Of all kinds which the tobacco
manufactures have experienced in OBJ
tanning leaf tobacco.
The consumption Of smoking tobacco,
which in 1913 amounted to 31,OO0,000
kilos, rose in 1916 to 47,100,00o kilos-
an increase Of about so per cent. The
consumption Of cigarettes rose from g.,
707, 600 900 to 4,6S7, 900, ,000-an increase
Of nearly 80 per cent. Tho increase has
continued in 1917.
During the last few months the gov
ernment has reserved for the troops at
that is distributed gratuitously among
the soldiers, considerable quantities Of
ordinary smoking tobacco and Of cigar
cites. which are sent to tho cooperative
societies and subsequently sold to the
soldiers. These quantities amount to
about one-fourtn of the total available
supply OF cigarettes and about one
sixth Of the total production Of ordi
nary smoking tobacco. Consequently,
the quantities available for sale to the
civil population have necessarily been
diminished.
Furthermore, the arrivals Of leaf to-
bacco from abroad, and principally
from the United States, have under
gone large decrease because Of ship
ping conditions. The French authori-
ties, in order to protec: their stocks
and make sure Of the quantity needed
for the troops, curtailed the manu-
facturc Of smoking tobacco, and this.
in turn, has led to curtailment of the
deliveries OF smoking tobacco to retail
dealers.
In order to avoid treating certain
sections Of France more favorably than
others, certain fixed allotment has
been made to each city, based upon the
sales during 19l6-an allotment equiv
alent to about two-thirds Of the pre-
vious consumption. The government
states, however, that unless unusual
circumstances arise the present short
age will be only mporary.-Commercc
Reports.
New-York tribune., 1918-01-27
The DollaS in Foreign Exchange

More important than any other de-
velopment bearing on the foreign ex-
change market here last week was the
announcement that arrangements had
been made through the efforts Of the
Treasury Department at Washington
for facilitating payments for tho
goods imported from Argentina. The
banks were informed that they could
deposit funds in the local Federal Re-
serve bank and obtain credits in equal
amount in Buenos Ayres, on the basis
OF par 1or peso. plus . per cent COM
mission, which represents about what
it would cost TO ship gold to Argentina
il such exports We're allowed. The
adoption of this plan, together with til
further arrangement under which it is
proposed that large deposits Of gold
belonging to Argentina made with the
Federal Reresve bank shall serve as q
basis for the issue Of pesos notes by
the Argentine government caused de-
cideG improvement in the exchange
rate on that country. 1t was possible
on Friday, for instance, to purchase the
equivalent Of 991. in pesos for a dol
.ar. whereas about q month ago the
rate Of exchange was on the basis OF
92 cents for pesos.
Gold shipments from Canada early
in the week helped in measure to
place bankers in that country in a more
favorable relation to New York. A
slight rise in the quotation for sterling
cables on Friday, the first time the
peg price" has been passed for months,
gave rise to some conjectures as to
what might be the cause of demand
which appeared rather unexpectedly.
The most plausible explanation for the
movement was that American banks
had transferred funds to London, in
order to take advantage Of the special
rate which the Bank of England has
been paying for foreign" money since
the beginning Of the year.
Compared with the week before, quo
easier, while exchange rates on prac-
New-York tribune., 1918-01-27
Dividends Declared

American Druggist Syndicate.-Regular
scmi-annual dividend Of per cent. payable
January 81.
American Railways.-Regular quarterly
dividend of 1a4 per cent the preferred
stock, payable February -.
Barnard Manufacturing Company-Regu-
lar quarterly dividend of J., per cent, pay
able February | to stock of record January
"a.
Chicago. Wilmington & Franklin Coal
ompany-Rc9ular quarterly dividend Of
$50 on the preferred stock and S. per share
on the common stock, both payable February
l to stock of record January 26.
Clinchield Coal Company.--Regular quar-
terly dividends Of 1 per cent on the common
and Ia per cent on the preferred stock, both
payable February to stock Of record Janu-
ary &c.
Cumberland County Light Power-Regu-
lar quarterly dividend Of y per cent on the
preferred stock, payable February ! TO stock
of record January l6.
Finley AcAer Company.-R Regular qua rterly
dividend OF Il !, per cent on the preferred
stock, payable February |.
Houston OH Company.-Re9ular semi.ah-
nual dividend of per cent, payable February
to stock OF record January TO-
Southern California Edison-Regular quar-
tery dividend Of q per cent, payable Feb
ruary 10 to stock Of record January 81.
New-York tribune., 1918-01-27

the area under wheat be materially
increased in 1918; but it is stated, as
very serious if not insupcrablc DIFF
l'cu''y; That power is lacking to turn
present pastures into wheat fields. For
the heavy plouzhing thcro arc pruc-
t!cally no horses. Many were reduisi
toned when the army was mobili1ed.
and those remaining on the farms arc
generally SO enfceblcd by tho lack Of
sufficient fodder to which they have
been accustomed as to be almost usc-
less. It is, however. probable that
more wheat will be grown in Holland
IN 1918 than in recent years, but the
increase would have to be 600 per
cent in order 10 supply fully the nor
mai domestic demand for -four"
New-York tribune., 1918-01-27
Tobacco Products Corporation

The Tobacco Products Corporation
announced yesterday that it has &C.
qulred the Falk Tobacco Company. The
transaction marks the entrance Of the
company into the business of selling
American made cigarettes.
Transfer OF the Fak property will
involve about $1,50O,00O. part in cash
and part in the preferred stock of the
purchasing company. The increased
charge to the latter concern in divi
dends on the increased amount of it's
preferred stock, it is estimated, will
be less than $4,000 year.
New-York tribune., 1918-01-27
Extra Dividends
tandard Oil Company of Kan,

St1Hudfu OH Company OF Kansas.-
The company has declared an extra
dividend of So per share in addition
to the regular quarterly Dividend of SO
Fer share, both payable February % to
stock Of record February Ii.
BOwery Bank.-An extra dividend of
8 per cent has been declared, in addi-
ton to the regular quarterly dividend
of per cent, both payable February /.
Lyman Mills.-The company has de-
clared an extra dividend of I per cent,
in addition to the regular quarterly
dividend of per cent, both payable
February L to stock OF record Janu-
arV %
New-York tribune., 1918-01-27
British Labor Housing Plans

The British government has decided
that the new national housing scheme
shall be controlled and directed by the
local government board. The returns
and reports already received from the
city, borough, town and city councils
throughout the country show that
about 100000 new workmen's dwell
ings are urgently required, but it is
understood that from 10000 to 300
600 will be erected to meet the after
war conditions.-Argonaut.
New-York tribune., 1918-01-27

ttically all Of tho neutral countries Of
Europe were lower. Russian rubles re-
matned about unchanged, the market
Tor them being at standstill.
II you calculate the cost Of tho dollar
IN terms of foreign money at pnr value
that Is, as IL you were buying dollars
with pounds, marks or francs--its value
at the close Of last week, as compared
lows: 90 A''-
New-York tribune., 1918-01-27
Bond Club Luncheon

Theodore L. Burton, president OF the
Merchants National Bank, is scheduled
to speak next Wednesday at the regu-
lar monthly luncheon Of the Bond Club
Of New York.
New-York tribune., 1918-01-27
News Digest
Foreign

Paris BOursc - PARIS. Jan. 90
Trading on the Boursc was quiet to-
day. Three per cent rentcs SO francs
for cash. Exchange on London q francs
15'a centimcs. Five per cent loan 50
francs 6o centimcs.
New-York tribune., 1918-01-27
Federal Reserve Bank of New York


Gold dcona and dCodcc
Gold settlement fund $97110O0 $60689OOO
Gold i'll vaults 3707,861
Gold with foreign agencies 182500 8112,5CO
dempion Federal 246466650
Total gold reserve $678762O11 $64Ao7401s
Legal
subsidiary 3790137 37438575
Total $76663,146
Bills discounted and bought
Commercial 2226204s5
Acccpahccs oo2/oo84 155750358
Totals s390898,048 $382,883844
''
United States bonds
Municipal warrants 51O701
totals $20843799 54,811,999
IL
Total resources $128769884 $1920s,43s
Capital sls.978.Qo
1em9er 663333049
Soh-ncmDer deposits 9946,8t8
government deposits 62267O6
other
hoVes (he $o9I4630O5
Al oVlcf 22588O55
Total liabilities $12876o,a84 s111e2o9438
God ana lawful raoney. 236466650
commercial paper 25779716
New-York tribune., 1918-01-27


RESOURCES
r, 90. Jan.1s
Gd IN vault. $472012000
38921O00O 383232O00
~ A 1''s" "s'"''eS''''''' 5260000O 52500000
Total gold held by banks s01ao33ooo
Cold with Federal 796727o0
oou 1eoe"pi 40" uho. 19956OOO 1970OOO
Total gold reserves s1726,5o7ooo $72e,47oooo
Legal tender notes. silver 54S37000
Total s17a275eooo s17a43o7ooo
Bills 627662Ooo 6o3
o''S oooS"s IN open 273912000 257804000
Total bills on hand seo1e74ooo $se12e2ooo
United States
United States 72669O0O
"' o''er e"""s 100000 4224000
Total earning .......... $o2eS7ooo $1o337o ooo
Due from Federal o5S8O00
o"colecVed Items 323,703O0O
Total deductions from sa5e2oeooo s417e2600o
Five redemption against
Al .n era reserve @ Bank notes. $4,000 $4,000
''oooieeo $4,000
Total $3169375o00 $323e4eo0 GOO
LIABILITIES
Capital paid din................. in $71938o0O
government deposits 135691,00O
Due ba1ksRcscrvc
Other deposits including form
Surplus 1,134OO0 1.34OOO
Total deposits s1849Oeeooo So132e9Ooo
Federal 23e79700
net liability: y:...................... 100000
All other liabilities 3782OO0 27180O0
Total liabilities 3236As6ooo
before, 632
Ratio OF
combined, 65A Week be
New-York tribune., 1918-01-27
Production of Oil

Estimated oil production for 1917
was 32C,SS5,22S barrels Of 42 gallons
each, compared with 3Oo,11o,o93 barrels
in 1916, according to figures complied
from receipts by the pipe limos from
the wells, and by the reGneries.
The increase Of 21,774,9S6 barrels
was largely from Kentucky, the mid
continent fields, north Texas, the Gulf
Coast, California and Wyoming. De-
tailed comparison Of the principal pro-
ducing districts is shown below:
1916. 1917.
Division Barrels Rarrnic
New-York tribune., 1918-01-27

!. racts cSpress the cost OF
foreign money in terms Of the Ameri-
can dollar. You buy an English pound
sterling at. say, $4.7o$s. The intrinsic
parity IS S4.s6"s per pound. Thus, you
say either that pounds arc at 81 dis
count or that dollars are at a premium.
which IS owing to the fact that in Eng
land the demand for dollars Will, 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., 1918-01-27
Cost Of one do11ar

Closing rates yesterday, compared
with week ago, are given in tho table
below. American bankers have sus-
pended all dealings in German and
Austrian exchange, go that daily quo
tations for either marks OF Hronen are
no longer available.
(Qu0ted dollars to the pound.)
New-York tribune., 1918-01-27
Money and Credit

Aggregate reserves Of tho New York
Clearing House banks increased s2s.-
$4,000 last week, tho total now reach
Ing $3.50. 100000, or s96,6s1,7oo in OK
cess of legal requirements. Loans md
discounts showed an increase for tho
week of 1868, 900 and government de-
posts on Saturday stood at s243.54s-
ooV' compared with s139, 100000 the
week before. This large increase in
government deposits was the chief rca-
son Tor the easier feeling which pre-
vailed in the call money market during
the week, as the majority Of local
banks which have such funds on hand
make practice of putting them out on
demand loans, thus placing themselves
III a position to respond promptly to anv
notice from the Treasury Department.
or intended withdrawals Notice that
'hc government Will withdraw consid-
cradle sums this week in connection
WITH disbursements to be made on tho
irst of the month has been received bv
the banks. ~
The actual condition of member
banks shown by the Clearing House
statement yesterday follows:
New-York tribune., 1918-01-27
New York
British Bills Withdrawn

BRUSH DlliS NlthdraWn.- i. Nor
gan & Co., who began several months
ago Offering each week S15,OO0,0OO
British Treasury ninety day bills for
the purpose Of retiring outstanding
call loans in this market made to Lon
don, have temporarily withdrawn these
bills from further sale. This fact be-
came known yesterday upon the an
nouncement that none Of the bills had
been placed on the market during the
week. 1t was explained at the Morgan
Offices that as none Of the notes previ-
ously sold would mature in the imme-
diatc future there was no present need
for the offering Of new issues. There
ere now outstanding approximately
Of the bills. Since the
weekly sales began the only iuterrup-
tion occurred at the time Of the last
Liberty Loan campaign, when the
British government, which had previ-
cusly arranged to issue bills to the
amount of $l50,O0O,O0O, had determined
not to have outstanding more than
Sl00, 100000.
Purchases Coffee Exchange Member
ship.-M. j. Dannenberg, an active
member OF the New York Stock Ex-
change for fifteen years and member
of the firm of A. Upper & Co., has pur-
chased a seat on the Coffee Exchange.
New-York tribune., 1918-01-27

Below Is given the current exchange
value OF foreign money in dollars and
cents, together with tho intrinsic gold
parity, as calculated by tho United
States Mint:
New-York tribune., 1918-01-27
Federal Reserve Banks

wAsAlNGroN JAN 2ceavy withdrawal governments deposits and
increase IN member this
weeks ederal Reserve Board statement
oso Oh business Friday night about
>ooVo within the last
1e or SS63ooo The week before ns os
New-York tribune., 1918-01-27

Loans, discounts, invest
ments, etc. c.............$4,1t3,s8 ,s82, 900
Cash i'll vaults Of Federal
Reserve members 1O4.618.OOO
Reserve in Fed. Res Bank 558.O31 900
reserve in vaults of state
banks and trust comics. 19514.OOO
Reserve in repositories o.155. 600
~Net demand deposits. 1866, ,713, 900
Net time deposits. 204,303, 900
Oirculatlon.. ............... 81 100. 900
Aggregate rcservc.. 585. 700 600
ENceSs reserve. 96,681,75
*United States deposits deducted
$243, ,546, 900
The changes from a week ago were:
Increase.
Loans and discounts. ....... .$7e, ,963, ,0OO
Cash in vaults OF Federal Re-
serve MEMBERS. ......... s5,392,oo0
Reserve IN Federal Res. Bank 3O826, 900
Reserve in vaults Of state
banks and trust companies s1,372,oOO
Reserve i'll repositories. .. 1863 1000
Net demand deposits.. 100000
Net time deposits .'...... 6573.00O
Circulation ................ 10000
Aggregate reserve. .... 288o1 900
Excess reserve. 29,005, $50
NDocreasc.
Bank Clearings.-The days clcarings
at New York: Exchanges, $544,331 ,259;
balances, $48,691,517.
Silver.-Bars in London, 431zd, down
80; New York, S71sc, off Ac; Mexican
dollars, GSslc, a decline Of &c.
SubTreasury.-New York banks lost
to the SubTreasury $47S,O0O.
London Money Markct.~-LONDON
Jan. 70 Money was quiet at 3 u per
cent. Discount rates: Short bills,
l-3@ per cent; three months bills.
1-16 per cent. Gold premium at Lis
bon, 40.
for prime acceptanccs are as follows:
Thirty Sixty Ninety
Spot delivcry: days. days. days.
Eligible member
=, banks N. 4's% 47.%s 20
Eligible nom
member banks 4l4ss 4!4% 41s%
Ineligible bank
bills. S 20 5 % s y
For delivery within thirty days:
Eligible member banks ....... 4lAeo
Eligible non member banks ...... 4saoo
Ineligible bank bills. ....... 6 %
New-York tribune., 1918-01-27
ATLANTIC MUTUAL INSURANCE COMPANY

EDMC%D ~ BAYLfEs.
lOAN " BEACH,
NICHOLAS RIDDLE.
JAMES BROWN.
JOHN C!.AFLIN,
GEORGE G. CLARK,
FREDERIC A. DAfLETT.
CLEVELAND n DODGE.
CORNELIUS ElDERT,
RICHARD Fl TWART.
g. STANTON FLoYD-jOSES.
PHlLIr A. g. FRANKLIN.
New-York tribune., 1918-01-27

A.1SEIe
Cni..f sts.:s AID STATE OF New fo-k
Bonds I
Stock O. the city ~ New York and
Stocks Of trust Compacles 4 Bsnks |
etocss nd Bonds o' Rsii-osds- s
One Securities
Speciai peposl.s In Bsnss and Trust
ncai Estate co.. w..l s,,eet. william .
Stree. ana Exchange Plsce 3
Real Ista,e 90 staten Island the.d
under provisions OF Chapter lel.
Lava q; 1887
Premium No.es !
RN,s Receiveb,e
Eoto Rccelv able
Cash In hands Of European Benkc-.
70 pay losscs under policies payable
N foreign countries s
Cash IN Bank and in Office 2
Statutory Depoyit With the S.a.s ~
Qieeusaod. Australia
e,e
New-York tribune., 1918-01-27
Corporation Returns
American Brass Compan

United Light & Railways
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1918-07-19
CITY COUNCIL is EFFECTING
WATER IMPROVEMENTS NAMED
BY OREGON BACTFRIOLOGIST

The report of state Bacteriologist
T. ID. Beckwith of his trip and inspec
ton OF Pendleton's water supply was
received this morning by Mayor J. L.
Vaughan. 1t contains recommends
tlons for Improvement. One of these
regarding treating the water with
chlorine contained IN paragraph -
of the letter has already been acted
upon by the council. The material
fer treating the water was sent out
TO the headgates last night and will
be used at once. Mr.. Beckwith's re-
: port follows in full:
Corvallis. July 16, 1918.
Mayor j. L. Vaughan. Pendleton,
Oregon.
My Dear SIR
AS the result of my field trip to
your city last week. followed by ex-
animation of certain water samples
taken. ] beg TO submit to ou the fol-
loving report:
The water of the Umatilla river
at the point OF intake shows large
amount of contamination from intes-
tinal matter. Whether tlHs is de-
rived from human or stock sources
! am entirely unable to say. The
presence Of tho organisms found
however, renders the water always
open to suspicion.
There Is "a slight amount of sew
age contamination likewise to be
found4in the samples OF water taken
from the various springs. In this re-
spect the North side" appears to be
more evident I'm contamination than
the water from the so-called "soutb
side" These results likewise were
substnntlated through findings Of the
sample OF water taken at the Gate
house. The amount of contamina.
tiun found in this sample In amount
laid between that found IN the Una
tilla river and that found In the va
rious spring sources. In technical
terms the Umatilla river water at the
point OF intake shows =. coli present
In 1-10 c. G and over Of the water.
The north side source at the junction
manhole showed =. coll present in
c. e. The south side water showed
Il. coll likewise in , &C. ThH
sample OF water taken at the Gate
House showed B. coli present in / c.
C. and over.
The facts presented I'm the preced-
Ing paragraphs indicate that the Pen
dleton water supply Is contaminated
TO greater or less degree. should
Intestinal disease occur In the river
course above town. being carried by
certain travellers. the city would lie
in danger OF an epidemic.
I beg 10 recommend the following
0) should the city decide to- use