davidaulloa/AmericanStories huggingface dataset:
Evening star., 1918-09-29
Profiteers' Arguments.

A NOVELIST was talking about war
prices in France.
French war prices are very high
now" he s;ff4 "a slice of ham costs
10 cents II pound. A pound of butter
costs $l.25. Some of it is profit tcering,
of course-thcre's no real dearth-
and the arguments of the profiteers
are quaint.
"'Why are apples so high? asked
a dealer in Nice last winter
because they're so scarce, SIG
said the dealer
But, said ], tho papers announced
that the apple crop was enormous
and the apples were rotting on the
trees
Yes. that's why they're scarce
said he. 1T didn't pay to pick them.'"
Evening star., 1918-09-29

produce. Just how much land of this
nature there Is has never been ascer-
tained. 1t is known, though, that in
the Mississippi valley alone there are
a full 15,00O,0O0 acres, which. once re-
garded as beyond the reach of science
have been reclaimed and today pro-
vide thrifty, happy homes. The recla-
nation service. it has been hinted
will find itself growing buster and
-busier day by day for some time to come.
In states where the devastating
sand dunes hold sway a means has at
last been discovered by which sizable
tracts of land can be reclaimed from
this stubborn foe. The government,
after successive experiments, has
learned that by planting trees to serve
as windbreaks valuable pieces of land
can be saved from burial by these en-
croaching hills of sand, some of
which mount to a height of several
hundred feet. Sand dunes are found
along the Columbia river in Oregon.
Farmers have planted long rows of
Lombardy poplars to act as wind
breaks. BY this means they have res
cued entire orchards from the fine
free-blowing sand.
The reclamation service is working
Evening star., 1918-09-29

perpleXing problems he welcomes if
by overcoming them he eventually
finds himself the possessor Of his own
domain.
This Is one of the important rea-
sous why the Department of the Interior
believes the back to- the Land move
ment is the wisest to advocate for the
soldier. Also it is thought best to
reverse the tendency to drift city
ward as quickly as possible. In the
year 1880 the census revealed the fact
that some 7O-odd per cent of the pop
ulation of the United States dwclt In
the country. Some thirty years later
46 per cent had become urbanites and
5i per cent We're left in the country,
and a surprisingly large number OF
the nearest large city as soon as they
could find employment.
Among the remedies suggested Is
Secretary Lanes plan for the home-
Evening star., 1918-09-29
NC SAND OF

possible The soldier who returns to
farm will not find himself in any
sense the recipient Of charity. He
will have to work for his farm and
he will have to pay for it.. But he
will be amply assisted in his task by
federal experts. and it will be possible
for him to make his payments with
out undue worry or hurry. There is
now, under the reclamation act.
splendid scheme for developing the
land resources of the country. Great
stretches of land are first developed
and then divided and subdivided into
farms of various sizes. These farms
are then sold on the easy payment
basis to- worthy farmers This plan
has met with marked success, not
only here, but abroad.
The United States. after studying
the question with the utmost thor
oughness, has reached the conclusion
that the highest and best political
conditions are to be found in those
countries where the farmer can be-
come the owner of his home and his
land if he wishes. The average
farmer aspires to nothing better than
just this and to improving year by
year his property. Hard work and
Evening star., 1918-09-29

at present to perfect plans, in so far
as it can, whereby the returning SOL
dicr can receive the maximum of help
in taking UP land. One immense project,
which the Department Of the interior
believes will arouse men to special en-
thusiasm, is that concerning tha great
Colorado basin. Surveys throughout
the territory have been made and exc
perts are slll studying this particu-
lar section of the country. This land
is arid, but authorities claim that at a
conservative estimate three millions
of acres could be appropriated for
farm use by completing the upper and
lower Colorado basin projects.
The government emphasizes the fact
that cheap land Is no longer to be
found in the United States. Present.
day comedians have made that i'm
New-York tribune., 1918-01-26
Railroad Stocks Do Better

While it was the general opinion Of
the financial district yesterday that the
railroad bill as amended is more favor
able to holders Of railroad securities
than the bill first drafted, an important
point relating to taxation was ap-
parently overlooked. The new measure
proposes that the war taxes authorized
last October shall be paid by the roads
out of their compensation, whereas the
previous bill had provided that "No
Federal taxes in excess Of taxes as
sessed during the year ended June 80.
l9l I, shall be charged against revenue
IN computing such standard return" ,"
Nevertheless, much of the buying in
yesterdays stock market converged on
the railroad list. The gains in the ac-
tive issues were Atchison. n; Balti-
more & OHIO, lSs; Chesapeake e. Ohio.
| =; Chicago. Milwaukee e. St. Paul,
l'a; New York Central, 1; Northern
Pacific, IL; Reading, 1as; Southern
Pacific, l. and Union Pacific 13.
New-York tribune., 1918-01-26
3. r. T. Financing
Awaits Approval
Of Government
Notes Due in July Will Be
Cared For, Stockholders
Are Told

Assurances we're given Brooklyn
Rapid Transit stockholders at their an
nual meeting yesterday that SGT 900 900
of the company's notes maturing next
July will be met, though the govern
ment has asked that no definite step in
regard to the matter be taken until a
policy Of financing corporate needs un-
der war conditions is settled upon.
The notes were put out by the Brook
Ign Rapid Transit in 1912 and the pro-
ceeds used in connection with the
building of subways. The issue is one
of the largest to mature this year.
Officials of the local Federal Reserve
Bank now have the question of provid-
ing funds to meet the notes under con-
sideration, according to r. S. Williams,
Hresitlent of the company.
"Whether the necessary financing is
undertaken by the government or pri-
vately with the approval of the Wash
ington authorities" said Mr.. Williams.
1.-The notes will be taken care of with
ON' "Hv pVCollOIl.
An income statement presented at
the meeting showed that in the calen.
dar year the Brooklyn Rapid Transit
earned a surplus after charges of
s5,O79,3OS, which is equivalent to
SIG per cent on the capital stock. The
surplus showed small increase, s53.-
325, over the wear before.
In the last six months Of 1917 the
company earned surplus Of 50 ,639 .754
a decrease Of $155,929 compared with
the corresponding period Of 1916. This
decrease was due to an increase Of
$298,914 in charges on account of new
rapid transit lines put into operation
during the last six months.
Mr.. Williams stated that the Broad
way line, in Manhattan, though still in
complete, had given satisfactory re-
suits. On one days operation this
week it brought in $4,000 of new bust
ness. The local business coming to
the Broadway line, he pointed out, is
the first new business that has come
to the Brooklyn Rapid Transit since
the operation OF the dual system began.
Other lines which have been put into
operation have merely taken the place
OF previously existing surface lines or
afforded new facilities to the same
traffic.
The company now has o,G52 stock
holders, the average holding being III
shares. In June, 1916, the number of
stockholders was 0O3S
New-York tribune., 1918-01-26

Relevant Comment
on" Says Mr.. Franklin


Recent reports that negotiations
looking to the sale Of certain prop
critics OF the Interpational Mercantile
Marine Company had been abandoned
were branded as false yesterday by
p. A. S. Franklin, president, following
a special meeting Of the board Of
directors "Therc have been negota
tions,' he said, land there are still
negotiations. 1t will probably take
some time to consummate the present
plans, and am unable to state when
this will be accomplished. Further
than that | do not care to comment
1t is understood that the negotiations
referred to by Mr.. Franklin relate to
the sale Of the Marine company's ships
flying the British flag and the stocks
of the British owned companies. The
deal is said to involve between S12O.-
100000 and $125 100000. Mr. Frank
Inns statement did not cause any
marked upturn in the Marine shares in
yesterdays trading. With the other
active issucs. however, both the pre-
fcrrcd and common stocks showed gains
at the close Of the session. The former
closed up IS ct 90%, and the last sale
OF the common was at 24ls, a net ad
vance of
New-York tribune., 1918-01-26
Board Will Check
Loans to Non-
Essential Industries

Appointment Of a financial priority
board follows the suggestions made in
report to the Treasury Department
last fall by committee Of New York
bankers, of which Thomas w. Lamont,
Of J. P. Morgan & Co., was chairman.
Mr.. Forbes was on this committee. The
president Of the Guaranty Trust Com
pany; Mortimer Schitf, of Kuhn, Loeb
d Co.; Albert II. Wiggin, chairman of
the Chase National Bank, and Charles
V. Ritch, an executive manager of the
National City Bank.
The selection of Mr.. Forbes AS chair
man of the committee which is to pass
upon all new security issues for the
remainder Of the war was generally
commended in financial circles. He is
considered an expert of high standing
on investments of practically every
description as head of the bond dis
tributing firm of Harris, Forbes e. Co.
He also is a member of the Liberty
subcommittee known as the bond dis
tribution committee.
The function of the financial priority
board will be similar to that of the
British Capital Issues Committee, which
has had charge OF the whole problem
of domestic financing in England since
the war began. The decisions OF the
British committee, with practically no
exceptions, have been considered final,
although its rulings have not been
backed by Parliamentary cnactments.
1t will be the purpose of the Ameri-
can committee to restrict all new
financing to issues that are essential
to the conduct Of the war. This, bank
ers pointed out yesterday. will mean
the elimination of many offerings
which in the past have glutted the Sc
curity market to the exclusion of >ec
essary financing. This is to be accom-
plished through the appointment Of
various sub committees in different
parts of the country who will work
with the state and municipal authori
ties in bringing about the desired re-
suits
New-York tribune., 1918-01-26
The Dollar in Foreign Exchange

The rates for sterling cables was
slightly tirmer yesterday, going to
S4.76R, the movement being the first
recorded in the market for that cx-
change for several months. There was
no explanation for the sudden increase
IN the demand, but the movement sug-
gested. for one thing, that the British
Treasury had not been forced to re-
sort to the exchange market to provide
funds for meeting the S10o 100000 of
United Kingdom one year notes matur-
ing in this market on February /.
NO significant changes were noted in
exchange rates on other countries and
business, as a whole, was on a restrict
ed basis, the natural result Of the
general curtailment Of shipping and the
strict cmbargoes on the movement Of
goods other than those being sent for
ward By the government to the Allies
Tor war purposes
Closing rates yesterday, compared
WIN a week ago, are given in the table
below. American bankers have sus.
pended all dealings in German and
Austrian exchange so that daily quo
tatlons for either marks or xroncn ar.
no longer available.
(QuOteG dollars tO the nOupJ
New-York tribune., 1918-01-26
Girls as Messengers Please

Girls are supplanting boys in in
creasing numbers as messengers. Owing
to the scarcity Of male help several i'm
portant financial institutions and cor
porations in the Wall Street district
have found it necessary to hire young
women TO do the work formerly done
by boys and young men. The Postal
Telegraph Company announces that i.
has added to its force about forty
young women to deliver messages in
the city and they are giving such salts
faction that their number will probably
be increased in the near future These
girls earn from $40 to Sl2 week. So
lar they do not wear uniform. but
this will undoubtedly come later. The
company is giving these girls every op-
portunity for advancement. In their
spare time they are being instructed in
telcgraphy so as to be able eventually
10 hold down an operators job.
New-York tribune., 1918-01-26
Board of Advisers
To Pass on New
Security Issues
Allen B. Forbes Heads
Committee Appointed by
Federal Reserve Board

WASHINGTON. Jan. 25.-Allen b.
Forbes, Of New York. member of the
lond selling firm of Harris, Forbes &
Co., mas been appointed chairman Of a
board Of three advisers to the Federal
Reserve Board to pass on applications
for approval Of securities issues.
AS coon as the other two members
urs appointed the board will devise q
plan for investigating the necessity for
proposed private security issues and
make individual recommendations on
each to the Federal Reserve Board,
which will have final jurisdiction. 1t is
understood that one of the members
will be from Chicago and one from the
West.
The Federal Reserve Board is still
considering whether to subdividc the
country into districts for administra-
ton of the voluntary securities rcgula-
tion plan.
New-York tribune., 1918-01-26
Extra Dividends
Ludlow MANUFACTURING -

Ludlow Manufacturing. The com
pany declared an extra dividend Of
81. in addition to the regular quarter
~ dividend Of S1.50 per share, both pay
able March l TO stock of record Feb
ruary l.
American Brass Company-The com
pany has declared an extra dividend OF
3'a per cent share, in addition to the
quarterly dividend OF 1 y per cent, botl
payable February ) to stock of recorl
January 81.
By-Products Coke Corporation.-Th
company declared an extra dividend OF
per cent in stock in addition to the
regular quarterly dividend of 113 pei
cent in cash. both payable February lE
to stock of record January 2s.
Semet Solvay Company COM
pany has declared an extra dividend OF
. per cent in stock, in addition to the
regular quarterly dividend of pei
cent in cash. both payable February 10
to stock of record January 81.
New-York tribune., 1918-01-26
Receivers Appointed
For D. & r. c.. Rv,

DENVER, Jan. 25.-Alexander f.
Baldwin, of San Francisco, vice-pres
dent and general counsel of the West
ern Pacific Railway, and Edward l..
Brown, president of the Denver &
Rio Grande, will be named receivers
Of the Denver e. Rio Grande Railroad
tomorrow by Judge Walter H. San
born, of st. Paul, sitting in Federal
District Court here, he announced late
to-day. Previously the court had
granted permission to the Equitable
Trust Company OF New York to inter
vene in the receivership suit brought
by the Elliott Frog and Switch Com
pany against the road
New-York tribune., 1918-01-26
Stocks
NEW YORK STOCK EXCHANGE

lNy The Associated Press
Although opinions differed widely in
banking circles as to the significance Of
the German Chancelors latest address,
peace talk predominated in the tinan-
cial district yesterday.
Stocks were firm at the outset, be-
coming stronger later on substantial
advances in rails, including many low
priced issues. Early dealings were lin
tied to comparatively few specialties
shippings, motors and minor equip
ments making extreme gains of | to 3
points.
The strength of rails was generally
attributed less to the tenor OF foreign
advices than to the publication of fur
ther details showing the plan and scope
of the railroad legislation now before
Congress.
There was a more hopeful feeling re-
garding the political situation in Wash
ington, sentiment being visibly heart
ened by developments which pointed to
the furtherance Of this country's war
plans.
Dealings in stocks were again largely
professional. the short interest cover
ing is commitments in United States
Steel and other leaders before the
close. In the main, final prices were
at or near the days best.
Liberty bonds were featured by a
new minimum in g l2s at 9796, first As
selling at 81 to 96.78 and second As at
1926 to 96.16. United States bonds 1old
issues) were unchanged on call.
, All stocks quoted dollars per share.
Sales. High. Low. Close cha
100 Ajax Rub 5ol4 5ol4 50I, Il
500 AL Gid NJ 25s 2Ia 2ss
1900 Alas Jun 25s 25s 25a
500 Al-Ch co 10 1873 10 %
1900 BIT Sus 1873 77l4 77I2-
1900 AC G. Eco 7o5s 7o'4 7oI2-
New-York tribune., 1918-01-26
Wool Business Quiet

BOSTON. Jan. 25-"The CONNER
cial Bulletin Will say tomorrow:
Business in the wool market this
week was slow with a disposition or
she part of buyers to await the colonia
wool auctions Thursday and Friday
Possibly a million pounds of various
classes and grades of wool were SOLD
throughout the week privately. At the
auctions prices on marine wools were
off about ) per cent, according to the
general consensus Of opinion. The
opening of staple worsteds for next
fall by the leading factors was at at
advance Of so to rs per cent over last
year, due to the increased cost OF
labor and raw materials"
New-York tribune., 1918-01-26
Imports From
British Honduras

There was an increase Of 1922 81 in
the value of the articles invoiced at
the American consulate at Belize. Brit
ish Honduras, for the United States
during 1917 compared with the preced-
ing year. This increase was due large
ly to the higher prices paid for certain
articles. The principal items invoced
to the United States during the year
were as follows: Mahogany, 9,421 ,345
feet. valued at $S56,292; crude chicle
gum, 1,4G4, 1877 pounds. valued at s545,
400. bananas, S45,137 bunches. valued
at S261 S42; cocoanuts. 5,333,720 nuts,
feet, valued at S67,274
New-York tribune., 1918-01-26
FINANCIAL MEETINGS
GENERAL CHEMICAL COMPANY

FNIINpsT0NN, FuIIlaIN CoCHt!, - =
To Stockholders.
Notice is hereby given that the snnua'
meeting Of Stockholders VIII be held at ths
Cowpanys chief Office al Phillipsto"n
Putnam County. New York station OF
Nanitou. on tho \ X. Central z. h) on
Thursday. the l4th day Of February. 1919.
a one O'Clock p. NJ. FOR the purpose o.
eiec,ing q Board of Directors and an AUDI,
Company or Chartered Accountants. ana
fer the transaction Of sucn other business
IS may properly come before the meeting:
including the approval and ratification OF
ali tAe acts Of the Board Of Directors IN.
Executive Committee aud the officers o.
the Company since the last annual mee'-
.as OF the stockholders
fhe stock and transfer books will Pc
closed against the transfer of stock Oh
Saturday, February 9nd. al - O'Clock moon
and VIII be reopened on February 18th a.
10 O'Clock y NJ.
January ID. 1918.
JAMES l.. MORGAN. Secretary.
New-York tribune., 1918-01-26

that the government could place
long-term bonds on better basis
than is now possible. The operation
would be relatively easy, since it
would merely involve an exchange of
securities. 1t might even be possible
at that time to issue bonds exempt,
or partly exempt, from taxation, in
which case they could probably be
placed on a basis which would re-
duce the interest charge of the gov
eminent by perhaps 25 per cent, or
even more.
New-York tribune., 1918-01-26
Booth Fisheries to the Fore

Whether or not the Inauguration OF
meatess days had anything to do with
It, the stock Of the Booth Fisheries Cor
poration was more actively dealt in on
the Stock Exchange yesterday than for
long period The shares have en-
Joyed a better market in Chicago. and
it is understood they will be soon listed
in Boston. On a turnover Of $500
shares the stock rose to 221s. a net
gain of Il points over Thursdays last
sale. There are 100000 shares OF the
common stock outstanding of no par
value
New-York tribune., 1918-01-26
Dividends Declared

Penn Seaboard Steel Corporation Regu-
lar quarterly dividend of 81 per share, pay
able February to stock of record January 25
Philadelphia Company.-Regular sem-an-
nual dividend Of 2i5 per cent on the per
cent preferred stock payable March / to
stock of record February g.
United Power & Transportation Company
Dividend of sl.32 share. payable Jan
NARY so to stock Of record January 10.
New-York tribune., 1918-01-26
Retail Trade Reflects Wage
Losses Due to Fuel Order

The diminution of the purchasing
power in the East through the CLOSING
of shops and factories on speciiied
days and the consequent loss to wsgss
earners has already begun to manifest
itself in some retail branches. accord
ing to "Dun's Review" Consumers are
reported to be buying heavily in the sg-
gregate, but final distribution is mofss
and more along conservative lines ana
transactions are not at the maximum.
New-York tribune., 1918-01-26
News Digest
Foreign

London Market Hardens.-LONDON
Jan. 25.-Thc stock market developed
a harder tone to-day. Japanese bonds
were leaders in the investment sec
ton, and home rails werc benefited by
dividend announcements, while iron
and steel shares we're good on ANAL
Camation rumors. The 41a per cent
war loan touched par owing to the
small amount Of stock available to
satisfy fair demand. Speculative oil
shares were features.
Paris Bourse. - PARIS, Jan. rs. -
Trading on the Bourse was dull to-day.
Three per cent rentes, So francs for
cash. Exchange on London, 81 francs
l6 centimcs. Five per cent loan, SO
francs 65 confines.
New-York tribune., 1918-01-26
Liverpool Cotton Statistics

LIVERPOOL, Jan. 25.-Weekly cot
tor statistics: Imports, $1,000 bales
all American: stock, 10000; Amer.
lean. 264, 900; forwarded. GA 900; Amer
lean, $4,000; exports, none; sales. H.
600; American, 5000.
New-York tribune., 1918-01-26
NOTICE or ANNUAL MEETING OF.
sc HOIL MANUFA(TUEi\G COMPANf,

THE ANNUAL MEETING; Of the stock.
holders Of this Company VIII be he'd e4
O'Clock in The afternoon. al 81 Wall stree''
New York. Tor the purpose % el.ciing a
Board Of Directors. two Inspectors 20 serve
at all elections OF stockholders during me
ensuing year and receiving and acting upon
the reports OF the officers and for the
transaction Of such other business as ma9
properly come before the meeting
Dated January -. 1918.
WILLIAM ". SCEOII. President
New-York tribune., 1918-01-26
Elections

Hamilton NJ. Barksdale, vice -presi-
dent of the Du Pont Powder Company,
has been elected director of the EN-
pire Trust Company. Alfred +. Sloan,
jr., president of the United Motors
Company, was also elected to the board
Of directors
New-York tribune., 1918-01-26
Cotton Exchange Will Close Mon
Other Cities

Chicago Exchange to Observe Mon
day Holidays.-CHICAGO. Jan. 90
The governing committee of the Chi
cago Stock Exchange has voted that the
exchange be closed on Mondays from
and including January 2S to March %.
New-York tribune., 1918-01-26
AMEKlCNN BANK NOTE COMPANY

4 dIVllegl OF &c per Snare q :. 'el oH
the Common Stock has been declared
payable IT ohruary 18th. 1919 to holders Of
record at the close OF business februaf!
LIST 1918
The Stock Transfer Books VIII not b
closed.
GEO. II. DANFORTH. Secretary.
New York. January z3rd. 1913.