davidaulloa/AmericanStories huggingface dataset:
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1918-04-25
Lord Rothemere Has
Resigned His Office. J.
As Secretary OF State

London, April 25.-Lord Rothe-
mere, brothertof Lord Northcline.> has
resigned from the ONCE Of secretary
Of state for the air forces, It is an
nounced today. y sS5 !.
nation was due, to Increasing I'LL health
and the burden OF responsibility In
his work. & ". IS III go '3.;t,5l g3st,s5l
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1918-04-25
FIGHTING MEN OF FOUR GREAT NATIONS .
LINE UP TO HIT HUN ON THE WEST FRONT

! Realizing that the war will Jbe won
or lost on the western front, the allies
are concentrating their strength on
the long line between Switzerland and
the North sea. Premier Orlando OF
.Jtaly recently announced that Italian
ts,ovss have gone to the French front,
mere they will take over the right
flank Of the allied line. .
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1918-04-25
Heavy Fighting Continues.

London, April 25.-Heavy fighting
continues on the sector east OF Ami
ems, Reuters correspondent ct British
army headquarters reports. The Ger
mans appear to have obtained a foot
ing in D'Aquenne wood west Of Viii
lers- but, the British
counter attacked and T. drove them
back. to, the fringe Of the wood. At
several places the British have re-
taken ground and their general posi-
ton has improved considerably.
Both British and German tanks
participated in the lighting at Villers-
.Bretonneux. The British tanks, the
correspondent says. got among a
mass Of Germans and did great exc
csltion.
The Germans, made ., determined
attempt, to rush toward KENNEL Hill
yesterday, hut without appreciable
erect. The French counter attacked
and restored the position.
At 2 o'clock this morning the Ger
mans put down an intense gas bar
rage on the Anglo French front In
Flanders and two hours later deep
waves Of infantry delivered assaultA
Fighting still is in progress
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1918-04-25
Three .Afaacks Rcppl.ea.

: Three ,Atencks Rcnuleed. >,
London, April 25.-Thres attacks
ua&ae ny. The Germans on Rr;tish po-.
sig6ns eaAE of Y Amiens have bssafEs-
pulsed, At is announced ofncially.. i
s, On the Flanders front: late yeste1-
day the Germans attacked French po-
Ntions northeast of Bailleul and We're
an htense bombardment they renewed
thepf attacks In this sector and against
British positions further. east.
The British regained ground around
VNlers-Bretonneux by counter at
tacks and took prisoners.
Severe fighting was in progress all
night in and around Villers- Breton
neux. and still continues. Heavy
casualties have been inflicted on the
enemy there.
On the. Bailleul sector the battle is
continuing over wide front.
The statement follows:
Heavy fighting took place all night
in and around Villers- s-Bretonneux, and
still continues. Our troops regained
ground by counter attacks and have
taken a number Of prisoners.
THE fighting yesterday, on the
whole Of. this front was. most severe.
and heavy casualties were inflicted on
the enemy by artillery, infantry and
tanks.
North Of the villers-Bretonneu1-
st. Quentin road the enemy three
times attacked our positions and on
each occasion was repulsed with loss.
During this fighting the enemy made
use OF a few tanks.
Late yesterday evening the enemy
also attacked French positions north
east of, Bailleul and was repulsed.
Early this morning the enemy re-
newed his attacks in this sector and
on British positions farther east, after
an intense bombardment. The fight
ing continues in this sector on wide
front.
"A raid attempted by the enemy
during the night in the neighborhood
Of Bucquoy was repulsed.
1.-THE hostile artillery has been ac-
tive during the night in the Festubert
and Robecq sectors" '~
New-York tribune., 1918-11-21
Govt Orders for
1900 Locomotives
Are Cancelled
Pig Iron Producers Ask Com
pensation for Multi
fcations

Definite information regarding gov
ernment cancellations of war business,
furnished this week by the leading pub
locations of the iron and steel in
dustry, reveal that the heaviest revoca-
tions have taken place in shell steel,
wire, rails and car material. The steel
trade, according to "The Iron Age"
does not yet know whether sufficient
orders will come in the next month
or two to make good what the govern
men has cut off. The writing off of
war contracts, "The Iron Trade Re-
view" states, has been accomplished
with minimum of dislocation and
with few visible effects.
Among the largest individual can
cellations were those of orders for 40
600 cars and 1900 locomotives, placed
last month for the expected 1919
American campaign in France, "The
Iron Age" says. There has also been
held up about 100000 tons Of rails for
the Pershing forces that will not now
be needed. The publication adds:
oHlp Steel Is nOt lkely TO NIL IN on
shell or other cancellations, since the
reservoir of plates and shapes for the
shIpyards is now about 500 900 tons.
against 100000 tons a few months
ago, one great yard alone having 4OO,-
600 tons on hand.
Statements concerning accumulated
export orders for steel have become
more indefinite since the armistice
than they were two weeks previous.
There is not much stop-gap promise in
this tonnage. A small but noteworthy
inquiry for billets has come from Bel
gum, and $500 tons of Bessemer bars
are asked for by the French govern
ment. Ship plates are being sought for
both Oh ma and Japan"
Pig iron producers are strenuouslv
opposing cancellations, using the slogan
"no cancellation without compensa
ton" The effect of the stoppage of
government work on the labor situation
is not pronounced as yet, but it is
stated that some men are appearing
daily at steel works gates seeking en-
ployment. The semi-steel shell pro-
gramme, which looked to the turning
out of no less than 3O.0OOOOO shells bv
foundries, has been abandoned.
1t was reported in the financial dis
trict that the government has cancelled
contracts with the Curtiss Airplane and
Motor Corporation aggregating S75,-
100000. The company, it was also
stated, has discharged 1000 of it's en-
ployes.
New-York tribune., 1918-11-21
War Board I axes
Restrictions Off
Cotton Exports
Japan Needs 100000
Bales, Senator Hoke
Smith Says !.

WASHINGTON, Nov 20.--All restric-
tions on the shipment of cotton from
the United States except to enemy
countries and to the northern European
neutrals have been removed, Senator
Hoke Smith of Georgia, said to-day
after conference with officials of the
War Trade Hoard Cotton is expected
to flow more freely to countries con-
tiguous to Germany when that nation
has complied with all the terms of the
armstice, the Senator said.
Cotton in increased quantities al
ready is moving to the Allied countries.
Because of the fact that India's cotton
crop this year was sufficient only for
that country's needs, Senator Smith
said, Japan has been very anxious to
get cotton from the United States.
Japan's needs are estimated at 1,000,-
600 bales.
Stocks of cotton in the South now
are said to exceed 100000 bales, and it
was because of this fact that Southern
Senators and Representatives at re-
cent conference decided to ask the War
Trade Board ard other government
agencies to modify the restrictions on
exports. The mGtter also was brought
to the attention of the President.
Senators say that countries desiring
to import American cotton have indi-
Gated readiness to supply the tonnage
necessary for it's movement overseas,
and now that restrictions as to ship
ments to most countries have been re-
moved they expect the movement to in
crease rapidlv
New-York tribune., 1918-11-21
Bankers Indorse
McAdoo's Bond Plan

Secretary of the Treasury McAdoo,
decision to confne future offerings oi
Liberty bonds to short term ssus,
meets with the unqualified apprOys
of New York's leading bankers h
statements yesterday they were unan.
nous In the opinion that the Treasury
Department had accurately sensed The
change in the investment situation ths,
has taken place since the armistiss
with Germany was signed.
Francis L. Hine, president of the
First National Bank, had this comment
to make: Secretary McAdoo is, in nv
judgment, exceedingly wise to discOn-
tlnue the issuance of long term bonds,
The investment market would ready
absorb large amount or serial notes
maturing in from one to five years"
Mr.. Hlne pointed out that inasmucn
as it is likely that the American mar.
ket will be asked to absorb large
amount Of British short term bills IN
the not distant future it is good bus-
ness policy to create United States
government short term security tdst
will be sold not through patriotism
alone but through its intrinsic inert
as we'll.
"The decision of Secretary McAda
to offer short term bonds or notes h
finance the future requirements Of the
government was the wise policy Of 8
wise Secretary" was the comment Of
the head of one Of Wall Streets most
important trust companies. "This de-.
cision." he added, twill not only tend
to stabilize the prices OF the outstsnd,
ing issues of Liberty bonds, but it will
also tend to place the bonds in the
hands of investors who will want to
hold them permanently"
New-York tribune., 1918-11-21
Copper Producers
May Combine for
Foreign Selling
Trade Leaders to Meet To-
day to Consider New
Opportunities

Representatives Of the Leading copper
interests of the United Statea will meet
here to-day to discuss the formation
of a Webb law association to enable
them to present a united front in SELL
ing the metal to foreign countries. The
proposed consolidation. to be effective
only in the export field, is designed to
create an instrument that can deal most
effectively with cooperative buying
agencies which are being formed in
Great Britain, Italy, France and else
where.
Before the war, copper men COM
planned that, though the United States
produced about half the worlds supply
Of copper, the price for the metal was
dictated abroad. This condition would
be intensified the trade believes, mas
much as 1T seems likely that every
large consuming country will buy on
a cooperative plan and nationals of one
nation will no longer bid against their
countrymen in the worlds markets for
raw materials.
American business men, foreseeing
such an after the war tendency in for
eign fields, sought national legislation
to help them to meet the new con-
ditions, and the Webb-P omerene bill
was passed last winter This act re-
moves many of the inhibitions of the
antitrust laws from houses engaged
solely in export trade. 1t authorizes
agreements as to prices and the unfica-
tion Of selling and advertising organi-
cations.
Groups desiring to function under
the Webb law must serve notice on the
Federal Trade Commission of their in
tention. Webb law associations may
take the form of legal corporations or
may be a mere loose association. It
can include every unit in an industry,
or any part desired, but the law speci-
f'cally protects American traders who
are without the association from unfair
practices, such as bribing the employees
of competitor or refusing to sell to
foreign buyers who also deal with COM
peting American firms.
Representatives of the American
Smelling & Refining Company, the
Anaconda Copper Company, Phelps,
Dodge g. Co., the Porphyry companies
and other important concerns it is un-
derstood, will participate in the con-
ference to-day.
1t was reported yesterday that cop
per orders for delivery after January
l 1919, when the fixed price of 26
cents pound expires, had been made
as low as "a cents. None of the larger
copper concerns confirmed this report.
New-York tribune., 1918-11-21
u. S. to Seek
8 Billions From
Public in lsl,
Capital Issues Commit.
Will Continue to Super.
wise New Issues

WASHINGTON, Nov. 2o.-Ss,,...
McAdoo and members of the Can;.s,sq
sues Committee to-day agreed tb.st
committee should continue ,naos-.. y
its functions of supervising nv. sq
issues of stocks and bonds for r'Opoas9 oaN!a !
purposes, as a measure OF t;p.a
capital in preparation for futus0a
loans. At the same time - Vat
known that the Treasury nlans V.ssa' .s
lively to float about S8, 900 000 ooo 'eas'
securities before 1919. and iSou hou0fs m0fs
get at least s2,0O0,O0O,0OO of Syss tSis q
from war savings. A'' sun
Some advocate that Concro,
asked to give the committee eas y
sorry power, which it now lo.L' SLOmpa,
without which it is feared it it,, csns.. .as
make its restrictions effective after S4is' ~
ardor of wartime cooperation e, smsc 'os
business interests has cooled onas o0..oas
suggest that the functions of thu s,asn aaa
mittee be taken over by Trs,s"aa' sva'
agency, to which the President E r;ut.
delegate his power, conferred by sa' 81
fourth Liberty bond act, to rac,,,s.s o., ss
the sale of Liberty bonds. s1'as
Members OF the Capital Issue, cou
mittee, although expressing tbemssraa' sSa'
as individually anxious to relinnrs.s' li.'
their duties, agreed to take IN susa Sua.
tions of relaxing their past strict rsss sSss'
lations to permit the floating Of hss;'
for public improvements by ssa. ts.s'
counties and municipalities AM y
facilitate the construction of buiS,s~.
in regions where materials and ssss.
are available without detracting frsn v,
more essential government projects s''"
Special effort will be made "a d;,
courage the floating of questionable n,
highly speculative security issues Il.
though without authority to cos,ss
promoters the committee must NY ,ss
mainly on the cooperation of nvs,,
ment bankers and other BANKING 'y,. w.
terests, whose leaders have assursdS.
committee of support
New-York tribune., 1918-11-21
Rise in Express
Charges Announced
Charges Effective January l
VIII Yield $24,0O0,OO Ad-
ditional Revenue

WASHINGTON, Nov. 2o.-General
increases in express rates were an
nounced to-day by Director General
McAdoo of the railroad administration.
East of the Mississippi and north Of
the Ohio and Potomac rivers the new
rates on merchandise will be about 16
and II cents a hundred pounds more
than at present. The increase on food
rates will be about rs per cent as
much.
For the remainder of the country
the merchandise rate will be increased
about 10 to ~ cents a hundred pounds
over the present scale and the increase
in food rates will be proportionately
Is per cent. The increases, it was an
nounced, are due to increases in wages
and become effective Immediately.
The new order, effective January l.,
will raise about $24,0O0,0OO additional
revenue, half of which the American
Railway Express Company, before it
was taken over entirely by the govern
ment, had planned to distribute among
employees in higher wages. The wage
question is now before the railroad ad-
ministration's board of wages and
working conditions.
New-York tribune., 1918-11-21
ODDITIES
i n d strial
Cotton

Cotton
More definite prospects for an i'm
provement in the export movement
seemed to be largely responsible for
the hrmer ruling of yesterdays market.
buyers also found encouragement in
higher Liverpool cables and discussion
OF small ginning returns, and the ab-
sence of Southern hedge selling on any
important scale promoted q disposition
to cover short contracts. Trading was
not active and the market was sensi-
tive to comparatively small orders, lead
ing to some irregulariry. but the best
levels of the day were reached in the
late trading, when active months sold
80 to 95 points net higher. The close
was steady at q net advance of 70 to 81
points. January contracts sold up
from 1865 to 2731 and closed at 27.25.
The market opened firm at an ad-
vance of II to 60 points in response to
the cables, and reports that the British
allotment OF, ocean tonnage. for De
cember had been increased from 150,-
600 to about 100000 bales. Supplies
of tonnage otherwise are said to be
showing improvement and it was be-
lleved that the prospects now point to
considerable export movement during
December. After showing net advances
of about rs to 80 points the market re-
acted 40 or 80 points under realizing,
but soon firmed up again on covering
and little buying from trade sources.
The selling recently attributed to
hedging against supplies of goods or
expected cancellations was less in evil
dence, however, and local spot brokers
said the talk Of increased exports was
beginning to stimulate interest among
domestic spinners. The firmness of
Liverpool was believed to be partly due
to continental buying. with reports
reaching Manchester that prospects for
reviving business in some Of the Eu-
ropcan countries were better than an
ticipated. No exports were reported
yesterday. Southern spot markets, as
officially reported, were 25 points lower
to rs points higher.
The local market for spot cotton wa
quiet and 85 points higher. at 1925
for middling upland, compared with
28.55c the day before and 30.40c the
year before. There were no sales of
spot.
The range Of prices follows:
New-York tribune., 1918-11-21
Wealth Nj arkets and Commerce
Relevant Comment
New Angle to Marine Deal

A new angle to the negotiations in
volving che sane Of the lneernatso al
Mercantile Marines British ship ,on-
mage. was brought &c light yesterday
in The Tribune's Washington dispatch
that the directors had also been nego-
tiating to sell the ships Of American
registry. Wall Street had supposed
that the boats flying the Stars ard
Stripes would be retained as the M
cleus of great American shipping
combine. The action Of the preferred
stock in yesterdays market seemed to
confirm the unofficial statements that
some sort of deal is stil under way.
but whether a British financial syn
dicate will turn out tc be the ultimate
buyer is not yet known.
New-York tribune., 1918-11-21
5 u 8 t e n a nc e
Cereals

Wheat.-The visible supply Of wheat
during the last week increased S,714,O00
bushels, bringing the total to 136,S09,-
OOO, compared with 19,564,00O last year.
There is also liberal supply of
wheat at mills and country elevators
and stocks are still piling up despite
railing of In the movement at IN
terror points. The export demand is
stlll being confined principally to flour,
of which large sales have been made
IN order to meet the urgent needs
abroad for. foodstuffs which can be
utilized without delay. The milling in
dustry OF the country has become ac-
tive on account of this demand, and it
is believed that the export programme
in -four will be much enlarged over
original estimates. While the food ad-
mlnlstration will continue in effect un-
til peace Is finally contaminated, modi-
fcations Of regulations are being made
ard the market is gradually working
around toward normal.
Corn::-The corn market was domi-
mated largely by technical conditions,
and as shorts had covered freely on
Monday and Tuesday the demand was
less active and values experienced a
net loss Of about 1Ac to 2kc. Senti-
ment in the market is divided. Worlds
requirements form the principal factor
favorable to prices, but though it is
thought highly improbable that ex-
ports of corn from America will be
materially affected for some time to
come, the demand for other commodi-
ties has at least moral influence on
the trade at large, and recently do
mestic buyers have been more disposed
to make provision for their needs. Re-
ceipts continue moderate and the
movement has been delayed both by
the weather ond by a shortage of labor
on the farms.
fes'days Previous Year
Corn, r." NO. a'Fs yellow $685. 1852 ,isiA fsis ago
Chicago:
6sss%ss9 Ssss%ss' : - 1:ss ':sS. '':ssSS. ,a5v.
oats.-The oats market declined y
to &c for the day in sympathy with
corn and under proAt-taking sales
Moreover, the export demand has fallen
off materially and there has been a
good deal of selling on the part of the
country as hedges against stocks on
hand. The visible supply increased
1,047 900 bushels for the week, and the
total was 22,66o,oo0, compared with 49,
$4,000 last year.
Yesterdays Previous
Oats. No. white. .93L, BAL. .7sE
Chicago:
Hs".mS.a Hovsmhsr ........ .zeM .zs
Rye.-Market firm.
Yes'day's Previous
New York: close. cIosc. y..r ssn
Cash. No. West. .$t.76 S1.76
Continued on neat page
New-York tribune., 1918-11-21
Regular Declarations
Tidewater Oil Earns $24.45

The nine months report of the COM
pany discloscs total volume of bust
ness amounting to 30,420,573, which
responding period of the preceding
year. Expenses totalled $17,241 7O3.
leaving gross earnings of $13.178.S7O
depreciation amounted to $2,62O 2O4 and
Federal tax was $2,627 ,539. Net in
come was $7,S46.504, which is the
equivalent to $24.4b per share on s92.
O9O,3bO capital stock, against $6.935,5 $40.
or S2l.74, earned the same months of
last year. Previous surplus was s12.
9lT 1902, making a total surplus of $50
763,606. from which dividends of S4,
465,94o were deducted. leaving a final
surplus Of $1G.291566.
New-York tribune., 1918-11-21
Better Industrial Bond Market

favorable turn in the market for
the securities of industrial corpora
tlons was seen yesterday in the an
nouncement by the National City Com
pany that it had sold within two hours
from the time of opening the subscrip-
tlon books an issue of $6,00O,00 Amer
lean Thread Company per cent notes
at a yield below 6 per cent, the Offering
price being at a premium of 1 rer cent.
The proceeds from the sale will be used
tor the retirement of like amount OF
the ccompany's first mortgage per cent
bonds maturing January 1. The notes
were quoted in open market in the
afternoon at 101 bid, 1919 asked.
New-York tribune., 1918-11-21
Maxwell Dividend Passed

Owing to the necessity Of revising
its inventories due to the ending Of
the war directors of the Maxwell NJ tor
Company yesterday decided to defer
payment of the IL per cent script
dividend on the first preferred stock,
certainties that will arise in convert
ing the plants from war to a peace
basis and the consequent liquidation
of present inventories the board said:
"How soon this liquidation and con-
version can be effected cannot be
foreseen or determined until the policy
of the government is more definitely
established and announced. In the
meantime, until the company has
passed through the period Of readjust-
ment which is coming, it is the judg-
ment of the directors that cash re-
sources should be conserved to meet
unknown contingencies"
New-York tribune., 1918-11-21
Elections

Cornelius E. Kelley, president Of the
Anaconda Copper Company, has oesn e.
elected member of the board Of d.
rectors of the Guaranty Trust Com
pany of New York.
Walter Clarke Teagle, president, :
the Standard Oil Company OF Nsss
Jersey, has been elected trusted o.
the Equitable Trust Company. j.,
Cornelius A. Pugsley, president o o.
the Westchester County National baaA'
has been elected director Oh 'n'
Metropolitan Trust Company. .a,
H. c. Book, credit manager o. sas
Astor office Of the Bankers !1us.
Company. has been elected an sssis'sA'
treasurer Of the company.
New-York tribune., 1918-11-21
More Silver for India

The New York Assay Office yester-
day made another shipment of silver
bars, amounting to $2,000,000, to Cal
cutta, India, for British account. The
last shipment amounting to S3,OOO,O00
was made on November 6. Shipments
of silver from this centre exceed S19.-
100000, and from the country as a
whole $100,000,000. According to ar
rangements that have been made with
the British fiscal authorities 100000
900 worth of silver will be shipped, and
the end of the war, it was learned, will
not alter the plans.
New-York tribune., 1918-11-21
Maxwell Issues Break

That the action of the Maxwell
Motors directors was surprise to
Wall Street was indicated by the sharp
break in the three issues, listed on the
Stock Exchange. The first preferred
broke 1875 points to 521a, the second
preferred 51s to 221a, and the common
stock 7A to 29A. With the excep-
ton of General Motors, other motor
stocks reflected the passing of the
Maxwell dividend. Studebaker at its
last sale of 81 showed a net loss of 2
points and Chandler had similar de-
cline at 102. General Motors showed
an advance of Ia at its closing level