davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-04-27
Is ..206,l74,442 197,417,4sO
Independent of Hun Dyes
American Manufacturers Can
Supply All We Require

The editor of "rhe American Wool
and Cotton Reporter" discussing trade
conditions for The Tribune, says:
"The German press has been giving
out to its credulous readers a new
species of inspired camoufage in the
form of a warning that unless after
the war the American people will send
Germany petroleum and grain and
other needed commodities they cannot
expect to receive again the dyes and
other materials and articles for which
they were formerly dependent upon
Germany. The United States, however,
will not need German made dyes and
chemicals, because these commodities;
arc being manufactured in this coun-
try. This talk about what Germany
can do to us in any line after the war
believe that she will have q ghost of A
show in any line, and that if she gets
on her feet again, even after a lone
time to come. it Will be because Of the
magnanimity and observation-disclosures Of
the American people as whole.
ut IS going to be very hard for Ger
many to get started again. 1t will be
difficult for her to obtain raw materials
even at the very high prices that are
bound to prevail when the war ends.
The same difficulty is going to be found
when Germany tries to sell finished
merchandise. This country will have
to exchange products with European
countries, including Germany, but it is
certain that the time will never come
again when we will be dependent upon
German monopoly for our require
mcnts in the commodities mentioned"
New-York tribune., 1918-04-27
Corporate Returns
American Power and Light Company

American Power and Light Company.
Annual report for the year ended De
ccmber 81, 1917, shows gross earnings
of $l,622, 1T. from which expenses Of
$41S.227 were deducted, leaving net
earnings of $1,203 $50. Interest and
discounts amounted to $645.62l. Pre-
ferred stock dividends were $216,971
and common stock dividends totalled
$336,S27. Surplus for the year was
$48,219.
National Securities Corporation. -
Statement Of earnings for the year
ended December 81 last shows gross
income of $406,332. Expenses we're
S37 ,955, leaving net income of $685.
377. Amortization of note discount
amounted to S26.o20. Net loss for the
year totalled $133,957.
Idaho Power. company's and
subsidiary companies gross earnings
for the year ended December 81, 1917,
amounted to $l,30S,4l6. from which
operating expenses and taxes Of $710,-
19l were deducted. Net earnings were
Sb07,92 Interest on bonds was $174,-
02S and other interest and deductions
were $l73,5o3. Balance for the year
was $3.50 1896,
New-York tribune., 1918-04-27
Charge Attempt
To Hamper Sale of
Farm Loan Bonds

WASHINGTON, April ga group
of Kansas mortgage bankers and an un-
named Boston financial weekly were
attacked by the Federal Farm Loan
Board to-day in statement charging
them with circulating misleading state
ments to hinder the sale of farm loan
bonds. The Kansas bankers, says the
statement, gathered statistics in their
state showing Federal farm loans there
total 73 per cent Of the assessed value
for taxation of the mortgaged proper
ties, and suggested that this condition
showed doubtful security for farm loan
bonds. The fallacy of the argument,
says the Farm Loan Board, is that tax
alton valuations in Kansas arc about
two-thirds of actual values.
"Thc whole matter" says the board,
us of interest only as showing the
amount of money which private loan
ing agencies arc willing to spend in
efforts to discredit the Federal farm
loan system and the unscrupulous use
which they arc willing to make of the
material they collect"
New-York tribune., 1918-04-27
High Prices Are
Checking Demand
Commercial Agencies Report
That Civilian Orders Are
Being Refused

Business in the larger industrial
centres continues to receive it's chief
impetus from the pressing necessities
of the government, according to the
weekly trade reviews. Producers in
many instances are turning aside civil
ian orders until it can be determined
what proportion Of outputs will be
wanted for war purposes.
"The steadily enhancing COSTS" says
'Dun's Review" have a clearly per-
ceptible influence in reprcssing de-
mands in not few quarters, and the
unparalleled bank clearings at leading
cities largely rcaect the higher level
of commodity quotations. With the ad-
vancing season, however, there has
came an appreciable revival of actv
ity in many directions, although the
weather has lately initiated against
the best results in retail distribution
and in new crop preparations. Fortu-
nately, nothing suggests any decided i'm
pairment of agricultural prospects, and
advices from the great farming regions
of the West and South remain OPP
timlstlc and indicate general disposi-
ton and ability to provide literally for
forward requirements. Sustained conf
dence is likewise apparent in the East,
where the stability Of the financial
markets has continued noteworthy and
gratifying feature, and where manu-
featuring conditions, from an operating
standpoint are more favorable than
for long period"
A large volume of trade is passing
in wholesale lines, according TO Brad
Streets" Heavy disbursements being
made from the proceeds of govern
mental income are stimulating buying
in muniton centres as we'll es in the
shipbulding zones. AS indicating how
non-cssential industry has been
spurred to activity by the war de-
mands, it is noted that the manufacture
ers of pianos, while not don much in
their regular lines, arc, nevertheless,
busily. engaged in turning out wings
and wires for airplancs.
New-York tribune., 1918-04-27

government and not by the rail-
roads, who receive no benefit from
them.
There is still another point in the
maintenance problem that needs to
be solved and cannot be under any
such arbitrary arrangement as is
proposed. 1t arises from the fact
that maintenance charges of certain
roads have been, relatively speak
ing, excessive. That is, during the
test period some roads, instead of
disbursing earnings to stockholders,
ploughed them in in order to re-
habilitate the properties. That ac-
complished, a point had been
reached where maintenance charges
could properly have been reduced
and disbursements to shareholders
increased. Unless due allowance be
made in such cases, the shareholders
will be deprived of compensation to
which they are justly entitled. On
the other hand, good many prop
critics were under maintained during
the test period, and in such cases,
lacking a proper adjustment, the
shareholders will receive compensa-
tion to which they are not entitled
will reap profits from unsound
management.
New-York tribune., 1918-04-27
Dividends
Extras

Extras
Yale 4 Towne Manufacturing Com
pany.-An extra dividend of 5 per cent
has been declared. payable May 1 to
stockholders Of record April 26.
independent Pneumatic Tool Com
pany.- Extra dividend has been de-
clared of 5 per cent, payable Nav 4.
Weetamoe Cotton Mills Corporation.
-EXtra dividend of 3 per cent in adj
dition to the regular quarterly div
,dend OF z per cent has been declared,
both payable May l to stockholders of
record Arril "a.
New-York tribune., 1918-04-27
Colorado Fuel
And Irons Quarter

In the quarter ended March 81, 1918,
gross receipts of the Colorado Fuel
and Iron Company were S11 1881 ,230,
against $i0,S32,2ll in the correspond
ing period last year. After deducting
operating expenses, bond interest.
taxes, depreciation, etc, and $40, 900
for preferred dividends there remained
a surplus available for dividends on
the common stock of $1,192,315. against
81 ,224,650 the year before. Common
dividends of S206,71s were paid in the
quarter, whereas none were paid in
the first three months Of 1917.
New-York tribune., 1918-04-27
Relevant Comment
British Interests Lose

Announcement was made yesterday
tkat the suit brought by the Council
of Foreign Bondholders of London, in
conjunction with Erskine Hewitt,
against Speyer g. Co., as representa-
tives of an American syndicate that
had made loan to the Ecuador govern
ment, has been decided by the United
States Circuit Court of Appeals in
New York in favor of the defendant
bankers. This decision, it is under
stood, settles the controversy, for the
British interests are said to have in
timated that they will make no further
appeal in the case. The suit was
brought as the result of the Republic
of Ecuador's failure to pay the interest
on it's debt for nearly four years.
The decision of the court was based
on the ground that the court had no
jurisdiction to decide in favor of the
bondholders and could not sit in judg-
ment upon the sovereign act Of the gov
ernment of Ecuador.
New-York tribune., 1918-04-27
Vaporings About Distillers'

When Distillers' Securities displayed
strength yesterday and recovered a
part Of the loss sustained on Thurs
day, new version of the report that
the government was to commander all
reserve stocks of whiskey was quickly
evolved. The Street was told that as
a matter of fact the whiskey stocks
were not to be seized, but that the gov
ernment was only planning to take an
inventory of such reserves. The pur-
pose of the inventory was not stated
Distillers' stock, released from the load
Of doubt imposed by the report of the
day before, ascended gently, closing
1as points up. at 50ss, on a turnover
Of 12,500 shares.
New-York tribune., 1918-04-27
Regular Declarations

Edison Electric Illuminating Company Of
Brockton.- Quarterly dividend of 81 a share
April %.
Lowell Electric Light Corporation
terIy dividend of $3.50 n share payable MAY
to stockholders of record April Is.
Mobile Electric Company-Quarterly divi-
dend of | Y per cent on the preferred
stock. payable May Is to stockholders of rec
ord April 30.
standard oil Company Of New York.
Quarterly dividend of So a share. pavahIc
June Is to stockholders of record May 30
New-York tribune., 1918-04-27
Lack of Labor Cuts Coal Output

A slight improvement in shipments
of anthracite for the current week is
noted by "The. Coal Age" which says,
however, that orders from domestic
consumers are piling up, "and retail
dealers continue to worry whether they
will receive enough coal to take care
Of the orders now on their books"
Scarcity of labor in the hard-coal re-
gions, the publication points out, pre-
vents the mines from working up to
their capacity, while the military draft
is making serious inroads on those who
are left. Continuation Of demoralizing
conditions in the bituminous trade is
seen. 1t is emphasized that in order
to avoid a shortage next winter the
weekly output of soft coal should be
over 11,500000 tons, which average has
not been approximated any week this
wear.
New-York tribune., 1918-04-27
Elections

Charles b. Segcr chairman Of the
Union Pacific Railroad Company, has
been elected director of the United
States Mortgage and Trust Company.
Raymond Il. Jones, vice president of
the Merchants National Bank of New
York, has been elected treasurer of the
National Thrift Bond Corporation.
New-York tribune., 1918-04-27

The above rates express the cost Of
foreign money in terms OF tho Amer-
can dollar. You buy an English pound
sterling at, say, s4.75aa. The intrinsic
parity is $4.S6% per pound. Thus you
say either that pounds are at discount
or that dollars are at premium, which
is owing to the fact that in England
the demand for dollars with which to
settle accounts in this country is greater
than the demand in this country for
pounds with which to settle accounts in
England.
New-York tribune., 1918-04-27

also added to recent gains, the lst,.r
rising points. Rails were aca;n os;c' ~
nored, with moderate strength IN mr. Reas
ing and Paeifics. United States .au, Cav,
made an extreme gain of a mint t'es, a.,
steady accumulation. Superior Stsai vi
rose 3sa, but Gulf States Steel roa"ta., nses,
6 points. The closing was strong s"''s'
New-York tribune., 1918-04-27
News Digest


FOrelgn
London Market Firm
April 26.-Thc stock market was firm
today. The 5 per cent war loan was
in active demand and the supply was
limited. French loans were also
wanted. Spanish and Dutch securities
receded and the industrial and mining
groups were uuieter, but oil shares
were in renewed request
Paris Boursc.-PARIS, April 90
Trading was quiet On the Bourse to-
day. Three per cent rentes 5S francs.
90 centimes for cash. Five per cent
loan SS francs. G5 centmes.
New-York tribune., 1918-04-27
The Dollar in Foreign Exchange

Italian exchange displayed weakness
IN a dull market, the lire rate declining
10 S.97 for checks, the lowest level in
more than month. Dutch guildcrs
TO 48 cents for cable transfers. a new
high. The rest of the market showed
no important change, with francs and
sterling holding steady.
ParIs exchange on London yesterday
was unchanged at II francs, 1871
centimes. ~
Closing rates yesterday, compared
wah week ago, follow:
Quoted dollars 10 the poundD
New-York tribune., 1918-04-27
Active Securities

Trading in stocks yesterday was linn
tied to the forenoon session in recog-
milton of Liberty Day." The market
gave further proof of underlying firm
ness, however. Interest centred mainly
in speculative issues at advances of /
to S1a points. Peoples Gas, United
Railways and Philadelphia Company
New-York tribune., 1918-04-27

Bank Clearings.-Thc day. bank
ciearings at New York were: Ex-
changes, s53e,eo5,1e7; balances, $780,
654,874. ''
Sub-Treasury. The banks gained
from the Sub-Treasury yesterday Ga
703,897.
Silver-Bar silver In London was
4sAd, unchanged; New York, 99Mc, a
decline Of %c; Mexican dollars, nc,
unchanged.
Gold Exports.-Gold to the amount
OF 100000 was withdrawn from the
Sub-Ireasury yesterday for shipment
70 Chlle. The transaction was handled
by the National City Bank and is un-
derstood to have to do with imports of
Chilean nitrates on government ac-
count.
Bank Clearings.--Bank exchange in
the principal cities of the country this
week aggregated $5,194, ,643,246. a de-
crease OF a per cent, compared with a
yea" ago. according to II. G. Dun & Co.
London Money Market.-LONDoN.
Aprii 26.-Money was plentiful and in
quiet demand at 2M per cent. Dis
count rates were steady, short bills
bringing 3h per cent and three
months bills 1915 per cent Cold
premium at Lisbon 40
New-York tribune., 1918-04-27
The Case Against Ecuador

The Council of Foreign Bondhold-
ers of London, which has lost out in
the litigation, in it's annual report, re-
Gently issued, said of the Ecuadorian
default:
"The failure of Ecuador to comply
with its contract with the bondholders
appears to arise from lack not of
the means but of the desire to pay her
debts. That this is the case is demon
strated by the following facts: (D At
the end of 1916 the balance of trade
was largely in favor of Ecuador, ex-
ports exceeding imports by nearly sl.-
100000; (2) although nothing was paid
to the Guayaquil and Quito Railway
bondholders, who have an undisputablc
right to prior payment, Ecuador was
able in 1851 to spend about 9181. 900
on public works; 90 that at the end Of
1916 the Finance Minister had the sub
stantial surplus of 98OOOO."
New-York tribune., 1918-04-27
Quoted cents to the until }

Below is given the current exchange
value of foreign money in dollars and
cents, together with the intrinsic gold
parity. as calculated by the United
States Mint:
New-York tribune., 1918-04-27
Utah Copper's
Profits $l7.66
A Share i'm 1917
Production Cost Mounts
From 6.95 Gents to 1899
Cents a Pound

Increased cost of production and
special reserve of S5,015,000 for Fed
eral income and excess profits taxes
accounted for substantial decline in
the earnings of the Utah Copper Com
pany during 1917. The annual report
issued yesterday showed surplus
after all charges amounting to $685.
695,495, the equivalent of S1766 a
share on 1924 shares of stock (S10
par value), compared with S24O9 a
share earned in 1916.
c. M. MacNeill, president of the COM
pany, said in the report that the re-
serve for taxes was as correct an esti-
mate as could be made at the close Of
the year. "This," he added, "will be
more than ample to meet all 1917 taxes,
which, as now estimated and returned,
aggregate $4,9S1,205.
Gross earnings for last year were
Sag, ,797 ,423, compared with 5O,2SO, ,O73
IN 1916. Operating expenses, which
included taxes, totalled S24,s36,646.
This was increased to 29,9S5,125 by
"other income" In addition TO the ex
penscs of operation, further deduc-
ton of $1,2S9,63O was made for other
charges. The amount paid in dividends
last year was $23 1855, los, or S19,G55,-
063 more than the stockh olders re-
celved in 1916. The report stated that
up to December 81, 1917, dividends to
stockholders had totalled $75, 5,77O,882,
or nearly five times the par value of
the capital stock.
The gross production of the company
last year in concentrates was 204 ,S55.-
113 pounds, compared with 97,417.4SO
pounds in 1916. Shipments of crude
ore contained an additional 1,319,324
pounds. After making smelter deduc-
tions, the net production for 1917 was
1876, 5,837,111 pounds. The net cost of pro-
duction, after deducting miscellaneous
income, was 10.995 cents pound, COM
pared with 6.95 cents in 1916 The pro-
duction figures Gin pounds) for 1917
and 1916 compare, by quarters, as fol-
lows:
1917. 1916.
First quarter.. 43,060,450 36,673, ,0O7
Second quarter. 56,S45,059 4S,726.3O4
Third quarter. .4 ,999,46S 61,1S1, $40
Fourth quarter. 51,269,465 5O,836. .299
Totals .206,174,442 l97,417,4S0
The report stated that conditions at
the company's mines last year were
satisfactory. and continue to be such
that production of tonnage need be
regulated only by the ability of the
mills to receive it. Notwithstanding
the difficulty in securing materials and
heavy losses to the operating organ
izatlon, the property, plants and all
accessories have been maintained in
first class condition. and it is crafty
ing to observe that no disturbance of
serious consequence occurred during
the year among the working force"
New-York tribune., 1918-04-27
Money and Credit

Owing to the half holiday the volume
of business transacted in the call loan
market at the Stock Echange yesterday
was small and the ruling rate was un
changed at per cent.
Quiet prevailed in the market for
fixed date funds, with rates maintained
on basis of 6 per cent bid for all
maturities.
Ruling rates for money Yesterday.
compared with year ago, were as fol,
lows:
Yesterday. Year ago.
Per cent. Per cent.
Call money ........ 2L2
Time money (nixed collateraD:
Sixty days. ...... 6 q
Ninety days. ...... 6 4A
Four months. 800. az
to months. .... 6 4A
changed at per cent yesterday In a
dull market
Bank Acceptances. - Bank accent
ances continue In active demand, with
interior as we'll as local institutions
adding to their holdings. Rates were
unchanged yesterday, as follows:
1n1fty Sixty Ninety
spot de- days. days. days.
livery: Per cent. Per cent. Per cent.
! gible
m m Der
banks ...4La@4 4h@4I+ 4&mAA
E l 2ible
non men,
Der banks. .43A@4it 4A@4A 4AMdA
Ineligible
bank bills.5M@494 5I4@434 5L4@4az
For delivery within thirty days:
Per cent.
Eligible member banks. ........ 4L5
Eligible non-member banks .. 45a
Ineligible bank bills. ills...........6
Discount Rates.-The following table
New-York tribune., 1918-04-27

Discount Rates.-The following table
gives the current rates of the twelve
Federal Reserve banks on commercial
paper on all periods up to ninety days:
New-York tribune., 1918-04-27
Yesterdays Transactions in Listed Stocks

All stocks quoted dollars ais. a
share, is based on last regular payment.
New-York tribune., 1918-04-27

Finance Economics

LII STREET OFFICE: Telephone:
Building, Is Broad ST. Hanover 6514
Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1918-11-29
WHEN MAKING OUT A CHECK
Take Time Enough to Write LegibIy
and Be Sure Amount Is Indicated
Clearly in Writing.

Do you know how to write a check
so that it cannot be successfully tam
pered with? Experts declare that
carelessness in that small matter is
responsible for the loss of millions of
dollars annually, the loss falling some
times on the individual and sometimes
on the bank. There are mechanical
devices to prevent the raising of
checks, but their use is not general
partly because of the expense, but
more particularly, probably, because it
ADDS one more to the multitude of
things to be done.
For those who are daily taking
chances William G. Pengelly. hand
writing expert in a recent paper. Of
fers some valuable advice in the draw
ing OF checks. His first suggestion is
TO take enough time for the process to
be sure of doing q good job. In filing
III the space for the amount in nu-
meralS, write in legible figures, begin
nlng close to the printed dollar mark {;
don't leave space for the insertion of
another figure. Then write the amount
IN words, preferably beginning with a
capital, at the left-hand end of the
line; don't write it so that the amount
stands in the middle of the line; hay
ing written the amount properly, draw
heavy line from the last letter to
the word Dollars at the right. AS
he says, "block the words in" so that
additions cannot be easily made either
at the beginning or at the end. When
the words are written clearly and with
an initial Of unmistakable identity, the
check-raiser has little opportunity for
his work.
Another safeguard Mr.. Pengelly sug-
gests is the writing of the amount of
the check, either in figures or words, In
RED INK, above or within the signature
at the bottom. In his experience he
has found this to be a successful safe
guard against fraud. But the all-im-
portant things are legibility of hand
writing and proper location of the
written amounts. Don't be in a hurry
IN writing CheCE. It is a haste that
makes trouble.-Columbu Dispatch.
Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1918-11-29
LIKE OTHER ORIENTAL TOWNS
Joppa Since Earliest History Has
Been More or Less the PIaythina
OF Conquerors.

In the tribute lists Of Thothmes III,
king of Egypt, who held his court on
the banks Of the Nile, some 1900 years
before the Christian era, there figured
the town Of Joppa. Thothmes III was a
mighty warrior. He fought no fewer
than seventeen successful campaigns
In Syria, twice captured Kadesh and
was one of the greatest builders and
administrators Egypt had ever known.
SO, although nothing Is certain about
the matter, he probably captured Jop-
pa and laid tribute on the inhabitants,
who then, as today, built their houses
over the rounded hillock" which, from
the sea, forms a gracious landmark.
That was 3,400 years ago, and every
now and again during all those cen
turtles, the old city, which looks out
over the Mediterranean toward the
coast Of Africa, away beyond Egypt,
has stepped into and out of the history
Of the world.
Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1918-11-29
On Marrying AvIators.

1t is noticed that the dear girls are
marrying aviation lieutenants more
than any other class of soldiers. This
Is not because so many of them are
killed, but because the service is the
most romantic. and If there is any
thing a well-balanced girl likes more
than anything else 1t is romance. And
to have husband who sails the blue
skies and goes hiding in the clouds
makes girl very proud. She has a
right to be. He is looked upon as a
superman who gets beyond the domain
Of gravitation and wanders in the re-
gions where the angels are supposed
to fly. When such a one gets back
to earth and sits with his wife before
the cordial fireplace and talks to her
Of stars, sunsets and dreams, could
there be more delightful cOmpanyi
Who would not be an aviator and face
all the perils of aviation for such an
experience? No wonder the govern
ment has more aviators than it wants
Ohio State Journal.