davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-07-19
Mill Owners Unite
To Push Country's
Foreign Business
Manufacturers With $780,.
100000 Domestic Trade
in the Combine

For the first time in history Ameri-
can manufacturers have formed COM
bination to develop foreign trade, ac-
cording to an announcement by the Al
lied Industries Corporation. Forty
four mill owners, whose domestic sales
aggregate annually $1O0,00O,OOO, have
given the corporation authority to send
agents to Central and South America,
Cuba, Porto Rico, the Dominican Re-
public, the Philippines and the Straits
Settlements to introduce their goods
The combination was effected under
the Webb -Pomerene law, which allows
manufacturers to join forces for the
purpose Of opening foreign markets to
American trade.
In addition to pushing" American
goods abroad reciprocal encouragement
of foreign trade activities here is
planned, particularly for Central and
South American products. A perma-
nent exposition, already established in
this city, will exploit American manu-
factured articles intended for export
and foreign articles seeking import.
Firms so far allied with the corpora
ton include makers Of textile goods,
heating and lighting systems, chem
icals, leather and rubber articles and
toys Their agents representing them
will start late this month for regions
mentioned, with authority to extend
long credits to responsible foreign i'm
porters.
The Allied Industries Corporation is
headed by Alfred l. du Pont, of VIII
mington, who recently purchased the
Grand Central Palace, to which the
manufacturers exposition soon will be
TRANSFORMED
New-York tribune., 1918-07-19
Rail Income Less
Under u. S. Control

WASHINGTON, July 1s.-operating
income OF $50 of the largest railroads
and fifteen switching and terminal
companies last May showed a net de-
crease of S15,796,lS7, compared with
the same 1917 month"; according to
1inal reports to the Interstate Com
inerce Commission. The total operating
income was $76,97S, Gal, while that Of
the May before was $92, ,775128.
Ihe net operating income of the
roads for the first five months of the
year year under government operation was
Szoo' 249,4II, compared with $3.50 1885,
w !, Tor the same period last year.
Revenues from all sources totallcj 81
oS9,6359l6, against S1,543, ,026,077 for
the five months of 1917, but operating
costs increased &C
New-York tribune., 1918-07-19
Dividends
Extra

Extra
New Niquero Sugar Companv.-The
New Niquero Sugar Company has de-
ciared extra dividends of 10 per cent
on the preferred stock and 10 per cent
on the common. Both dividends are
payable July 80 to stock of record
July %.
Regular Declarations
Peoples Natural Gas and Pipeage
Company.-This Pittsburgh CORPORA
tlon declared the regular quarterly
dividend of 80 cents a share, pavable
July 70 to stock of record July 20.
Castor, Williams & Wigmore-
Regular quarterly dividend of 81 4
share. payable August 10 TO stock of
record August /.
Columbia Gas and Electric Company
declared quarterly dividend of | per
cent payable August IS to stock of
record July 20.
Taylor Wharton Iron and Steel Com.
pany declared the regular quarterly
dividend of IA per cent on the nre-
ferred stock, payable August to stock
OF record July q. Books will remain
closed until August /.
Clnchfield Coal Corporation.-Reeu-
lar quarterly dividends of l2. per cent
on the preferred cumulative capitol
STOCK and l ii per cent on the common
both dividends are payable August
10 stock OF record July 26.
New-York tribune., 1918-07-19
Another Railroad Dividend Cut

The policy of the railroad admins
tration at Washington in keeping n
strict supervision over dividend pay
ments by the carriers was again
brought to attention yesterday by the
declaration of a quarterly dividend of
a per cent on the common stock of
the Buffalo e. Susouehanna Corpora
ton. The company had applied to
the government for permission to
maintain the quarterly rate Of 1a. per
cent, begun in February, but was told
there was no objection at this time to
the declaration of X per cent, this
rate, however, not to be taken as q
criterion for future disbursement"
Last November this road declared a
dividend of IL per cent and 2 per
cent extra on the common stock On
Wednesday the railroad administra
tion ordered cut in the Panhandle
dividend from 21s per cent to 2 per
cent annually.
New-York tribune., 1918-07-19
Wall Street Men as Soldiers

Wall Street men at the front con-
tinue to show the stuff they are made
of. Lieutenant F. M. Simonds. jr.,
formerly of the firm of Mann, Bill g.
Co., Wall Street, is the latest to win
distinction on the field of battle An
nouncement was made yesterday that
Lieutenant Simonds has downed two
German airplanes in the recent fight
ing over Dormans, on the Marne
River. Lieutenant Simonds is a
nephew of S. Vernon Mann, of Mann,
Bill & Co., and before he entered the
service was money broker with that
firm: In his college days he distn-
guished himself as football player at
COlum hia
New-York tribune., 1918-07-19

Time and a slump of ten cents
a pound in cotton have wrought a
complete change in the South's at
titude toward price fixing. 1t is an
interesting situation. With the end
Of the cotton year approaching, it
is apparent that the carryover from
the 1917 crop will be large, while
the 1918 crop promises to be the
greatest ever grown, with only two
exceptions. The prospects are that
there will be an oversupply of the
staple during the coming year, and
the outlook for prices is therefore
uncertain. And so the South is
stirring up an agitation for price
fixing. 1t will be recalled that when
cotton was selling at 35 cents a
pound, early in the year, and even
higher prices seemed probable,
there was a widespread demand for
price control. The South would
have none Of it, and denounced bit
terly those who were attempting to
"tamper with the law of supply and
demand" 1t called upon the gov
ernment to keep it's hands off and
allow the price to go where it would.
One of the leading Southern Sena-
tors openly stated that if there
were any interference with cotton
he would insist that prices be fixed
for all other commodities, regard
less of the necessity for such action
But it happened that the law of
supply and demand worked against
the planter, instead of in his favor, as
had been anticipated, and now those
who resented the mere suggestion
that cotton prices be fixed are urg-
ing it as vital necessity to "pre-
serve the South's prosperity" Pos
sibly they will prevail, but it is to
be doubted. If the government
were to fix the price for cotton, it
would do so from motives entirely
different than those which actuated
it in assuming control Of wheat,
wool, steel and copper prices Thus
far price fixing has been effected
for the purpose Of preventing COM
modities from advancing to fan
tastic heights. But what the South
is now asking is a guarantee Of it's
war profits. 1t is hard to see how
the government can undertake to
give such a guarantee, unless it is
willing to take similar action in all
other cases where lower prices are
threatened.
New-York tribune., 1918-07-19
Foreign Exchange Adamant

Proud folk who felt like tossing hats
into the air to celebrate the Franco
American counter thrust on the West
ern front, probably wondered why the
foreign exchange market remained
adamant to the news. A skilled reader
of the meaning of the quotations ex-
planned that exchange buyers and
sellers did not feel that the Teuton
reversals would have important effect
upon exchange in the immediate fu-
ture. Fluctuations in foreign exchange
were comparatively slight also when
Allied armies suffered reversals. AS
soon as the Allies begin to strike regu-
larly blows that will bring the end of
tho war definitely in sight, it is ex-
pected that the delicate foreign ex-
change machinery will register signif-
oh
New-York tribune., 1918-07-19
Federal Beet Sugar Board?
Government May Lend Finan-
cial Aid to Plants
Especial Dispatch to The T1ibu

TTIcF 70 NS TlONneJ
CHICAGO, July 1S.-It is reported
here that the Federal government will
organize an equalization board with a
capital of s5,000,0 900 to buy the product
OF the beet sugar plants that are losing
money 1t is estimated that only a
small percentage need such assistance,
1T is expected that the new board will
be under Food Commissioner Hoover.
1T is estimated that beet sugar produc
flon TINS year will total $4,000 tons,
and that IT costs $1.S4 to produce 100
pounds.
There is a possibility that the gov
ernment may take O,00O tons of sucar
the coming fall for use in making
glycerine.
New-York tribune., 1918-07-19
News Digest


LONDON MARKET CONFIDENT
LONDON, July 18-Money conditions
were easy on the market to-day. On
the Stock Exchange the zone was
confident, news from the war theatre
being regarded as good Gilt-edgcd
securities hardened under the lead OF
French per cents disposition 10
buy found holders reserved. Argentine
rails were more active and in better
demand. Shipping shares were strong.
Peninsular and Oriental stocks leading
IN the general rise. Oils and Russians.
and especially mines, were firm.
PARIS MARKET ACTIVE. Paris
July 18.-Trading on the Bourse TO-DAY
was active. Prices were unchanged.
New-York tribune., 1918-07-19
PORTLAND GAS & COKE COMPANY
PORTLAND. OREGON

~ ,rh rsf hhHED STOCK DIVIDEND NO. A
ne regular quarterly dividend Of one
ana ana, tnree-quarters Qa. .gs) per cent has
por.,aa peen declared T on the Preferred stock Of
quarter ending July 81. 1915 payabIe An
: .hs us' iSis, to stockholders OF record a,
'ie close Sc, OF business July %. 1918
GEORGE T. NENINS Treasnrar
New-York tribune., 1918-07-19
DIVIDEND NOTICES
THE FAIRRANXs Co,,

!, s,.,f, me Board Of Directors have declared q
olVidend at the rate OF Eight Per 50 a
per annum on the First Preferred en-. vi, l..
OF the Company. for nfty-one davs end3nn
! :, uly Slst. lslS. and payable August - :.
ls'' TO stockholders OF record az r. 81 ny e.Ie
OK business July 25th. 1918. The transss Use
books OF the Company will be closea 80,
. =, uAy -o'n TO August lst. both days i,,'
J r. PETERS Secra+.~
New-York tribune., 1918-07-19
The Dollar i'm Eoreigu Exchange

Despite the encouraging news of the
franco-American counter offensive on
the Western battlefront, conditions in
the foreign exchange market ycstcr-
day We're substantially unchanged.
Neutral exchange was steady and
showed no effect of the military de-
velopments. Rates on London and
Paris moved extremely narrowly. The
market was exceedingly dull.
Closing rates yesterday, compared
with = week ago, follow:
Quoted dollars to the pound,
New-York tribune., 1918-07-19
PACIFIC POWER & LIGHT Co
POkIL& No ARECnN ",

E,,, STOCK DIVIDEND NO %
j., ~ ne regular quarterly dividend Of ons
lIil "rters q = % per cent. on the
! ISiurred re. tI1r stock OF PACIFIC POWER e
~ ~ II ! COMPANY has been declared navN
nDie nanF August /, 1913, to stockholders ~
record AZ the close of business july - 1e,e
GEORGE r NEVINS TreasnraT O.
New-York tribune., 1918-07-19

A. I!IFIutnu NO. 9.
r,aa az the regular monthly meeting OF tho
a diVldend OF One Dollar tsl.0o) per shars
T, Tas declared payable at the Guaranty
if.t i.us' company or New York on August
pm, 1919, 10 stockholders Of record AT
'ne close OF business on August lst. 1918.
ANDREW w. FRANK, Treasurer.
Oated. New York. July 18th, 1918.
New-York tribune., 1918-07-19
New York
street Railway Bonds Extended.

street Railway Bonds Extended. -
William A. Read G. Co. announced yes
terday that a large proportion of the
s5,oO0,0o Minneapolis Street Railway
first mortgage 5 per cent bonds. due
January 10. 1919. has been extended
by the present holders, who had until
July 10 to accept an offer of extension
at per cent from July IS. 1918. 10
January Is, 1922.
New-York tribune., 1918-07-19
Relevant Comment
Discussed Government Steel Supply

The members of the general COM
mittce Of the American Iron and Steel
Institute were in session all after
noon yesterday in Judge Gary's Office
at the United States Steel Corpora
tion. Although no public statement
Mr.. Gary said after the meeting that
"questions of supply, chiefly for the
government" were under discussion.
New-York tribune., 1918-07-19
Consolidated Excha,ga

nit of trade on this exchange, 10 shares,
transactions and prices yesterday for tho
more active shares follow.
New-York tribune., 1918-07-19
Money and Credit

Continued firmness was the out
standing feature of the money market
yesterday. At the Stock Exchange,
offerings of call money were fairly
liberal, but the rates were maintained
at 6 to 61a per cent, unchanged from
Wednesday.
The market for fixed date funds was
quiet in the absence of offerings.
Brokers reported fairly large de-
mand for accommodations, with bor
rowers bidding 6 per cent for loans of
all dates on both mixed and all-in
dustrial collateral
Slightly easier rates are looked for
IN the course of the next week. mas
much as the government is expected to
increase it's deposits with the banks.
Ruling rates for money yesterday
compared with year ago, were as
follows:
Yesterday. Year ago.
Per cent. Per cent.
Call money:
On mixed collateral 6 6
On industrial col'tl 6Is 6H
Time money (mixed colateraD:
Sixty days....... 5a4@6 AZ
Ninety days. ..... 6s4@6 4I2@4aa
Four months..... 5a4@o 4Ia@4aa
Five to six months 534@6 4a4@5
Commercial Paper-This market con-
tlnues dull, with rates steady at per
cent for four to six months maturities.
Bank Acccptances-A slightly broad
er demand for bank acceptances has
developed, although rates remain un
changed as follows:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent Per cert. Per cent
+ g b e
banks. -. .4h@4 4h@44 4a@4l4
f ig be
non-mem-
Der banks.414@41s 4as@4a 1904.
] cl igih hle
bank bills.5I4@4a4 s4@4a4 5y4@4s4
For delivery within thirty days:
Per cent.
Eligible member banks .... lIa
Eligible non-member banks. 80. asa
Ineligible bank bills. s
Discount Rates.-The following table
gives the current rates of the twelve
New-York tribune., 1918-07-19

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., 1918-07-19
current

he above rates express the cost of
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling at, say, s4.75sa. The intrinsic
parity IS S4.Sefs per pound. Thus you
say either tnat pounds are at dis
count or that dollars are at q premium,
which is owing to the fact that in Eng,
land the demand for dollars with which
to settle accounts in this country is
greater than the demand in this coun-
try for pounds with which to settle &C.
counts in England.
New-York tribune., 1918-07-19
Goes With Brokerage Firm-pb;1;n

% D 10'SoK dBe It TIfI1--fhlllp
I. brown Tor several years a reporter
agencies, and recently connected with
the Committee on Public information
has Joined the brokerage firm Of
Rogers, Norton & Co.. Dc Exchange
flace. tie will take charge of newly
opened statistical department.
New-York tribune., 1918-07-19

If it were possible to plot curve
of Wall Street sentiment, in con-
trast with another showing the
movement of prices on the Stock
Exchange yesterday, it would be
found that the latter mounted much
less rapidly than the former For
while there was a general advance
of prices, traders exercised consid-
cradle restraint and the movement
was orderly and not extensive. On
the average, fifty representative
stocks advanced only point, which
was not much, considering the en-
thusiasm with which the war news
was received. This relative stolid-
ity of prices is one of the most
favorable features of the situation,
for it is obvious that wild advance
at this time might put the market
in an extremely vulnerable position.
New-York tribune., 1918-07-19
Be1iamf" Franklin say,:
"W<ighy gHf'fieo5 ak fer ItGk
srdI< arjDerJ.
Small Account,

Il is mistake to suppose tha. OD;v
the wealthy can enjoy the adv,p.
tages OF checking account and II.
privilege Of contcrring with bsnk
officials on matters Of hnanc. and
business.
We take a personal intcres, in Ii.
growth OF the small accoun, and
invite accounts of szoo. and over.
Send for our booklet Small
Aff0urfJ. -
New-York tribune., 1918-07-19

Silver.-Bar silver in London was
4S7sd, unchanged; New York. 99tsc,
unchanged; Mexican dollars, TIC, un-
changed.
Sub-Treasury.-Th banks lost $415,-
SCI to the Sub-Treasury yesterday.
New-York tribune., 1918-07-19
--Maturity-

Federal Reserve banks on commercial
paper on all periods up to ninety days:
New-York tribune., 1918-07-19

Bank of ngland.-LONDON, July
lS.-The weekly statement of the Bank
of England disclosed an increase in
gold holdings of s530,771. The proper
ton of reserves to liabilities now
stands at 1910 per cent, compared with
1910 week ago. The statement, with
the changes from last week, follows
New-York tribune., 1918-07-19

Bank Of France.-PARIS, July IS
The weekly statement of the Bank Of
France, with the changes from week
ago follows in francs.
New-York tribune., 1918-07-19

Commercial Paper-This market con-
tlnues dull, with rates steady at 6 per
cent for four to six months maturities.
New-York tribune., 1918-07-19

Bank Clearings.-Bank clearings in
New York and the other principal cities
Yesterday were as follows:
The evening world., 1918-12-27

ties and no speeches. To n represen-
tative OF the Associated Press who
witnessed the unveiling. Premier
Lloyd George pointed out the pic
lures OF Burke and Fox on another
wall OF the room. saying that the
room needed only n picture OF Pitt
to make complete the group OF men
who opposed England's policy in the
Revolutionary War.
Tho President and other members
OF the party made n critical exam
ination OF the picture, which lead to n
discussion OF art The conversation
then drifted to other topcls, with the
President as the centre OF a laughing
group. The President began TO tell
stories and one, in particular. elected
much laughter.
'rhe informally OF the American
soldier" he said. Els illustrated by an
incident related by one of our divi-
sional commanders. Gen. Hale. He
and other officers In their car drove
into camp past a sentry who did not
challenge them as they went by.
Gen. Hale returned and asked why the
sentry had failed to halt the party.
~ know you fellows the soldier
replied"
The evening world., 1918-12-27
RESOLUTION IN CONGRESS-
FOR A LEAGUE OF NATIONS
Britten, Republican Member From
Illinois, Backs the Presi-
dent Plan.

WASHINGTON. Dec. 27.-In intro
ducing a resolution to-day calling on
the Peace Conference to adopt Presl-
dent Wilson's plan for a League OF
Nations. Representative Britten Of
Illinois. Republican, said unless such
league is established "the entire
world will! Immediately throw into the
discard tho contention that America
entered tho war to make the world
safe for democracy"
Every unit OF tho German Navy,
whether surrendered or interned. Mr..
Brttten contended. should form a
nucleus for world navy for patrol
duty on the high seas.
President Wilson's star OF world
statesmanship." he said, will rise or
fall with his ability to bring about
an early acceptance Of Worlds
League for Prevention OF Future
Wars as lasting proof that our thou
sands OF dead in France and our re-
turning crippled heroes have not
fought under a misconception or In
vain.
IAN America stands practically SOL
idly behind the President for au in
ternauonal league which will insure
the free use OF the seas to great and
small nations alike, and which alone
can prevent the threatened spread OF
Bolshevism and anarchy"
The resolution was referred to the
House Committee on Foreign Affairs
and Mr.. Britten said he would ask for
| a hearing on II.
The evening world., 1918-12-27

about ready to attack us. Destroyers
were rushed to the scene and dropped
depth bombs in circles around the
spot where the u boat had been seen.
Soon they made hit and the sub
marine was thrown out OF the water
and into the air. Sho came down in
splintcrs. This took place 35 miles
off the coast OF Heliogland and inside
the German mine field. Several other
u boats were sunk within this field.
"Once when the New York was get
ting ready to leave the navy yard al
Newcastle destroyers sent out 10
clear the way reported nine subsna-
rncS lying in wait for the big Ameri-
can battleship. They sank two OF
them, but the others escaped.
~ was on constant duty on the
other side for more than a year, and
in all that time we were never given
moro than four hours liberty at a
time. This was because we might
be sent out At any hour OF the day
or night and had to DO constantly
ready"
The boys said that there was plenty
OF excitement at times when the feet
was at headquarters in Bantry Bay
on the coast OF ireland. Rumors would
reach them that the German feet had
come out. and about the time that
the ships were under way and hopes
were high that the big fight was COM
ing ut last. orders countermanding
the sailing would come. the word be-
ing that the German feet had gone
back again.
The evening world., 1918-12-27
BRISBANE OWNED STOCK
IN BERGER'S PAPER
Had 1000 Shares United Five
Months Ago, Business Man.
ager TeStifieS.

CHICAGO. Dec. e7.-Testimony deal
ing with the financial affairs OF the
Milwaukee Leader. the Socialist daily OF
which Victor L. Berger is editor, wNs
given to-day at the trial OF the five So
cialist leaders charged with conspiracy
to violate the espionage law.
Frederick Rehfeld, secretary and bust
ness manager of the paper testified that
Arthur Brisbane owned 900 shares in
the paper until five months ago. when
he sold his interests after he had de.
cided TO buy an afternoon paper Of his
own In Milwaukee. The witness said
uhe Albert Brisbane fund also owned
1000 shares OF stock In the paper,
Rchfeld denied that the paper had ever
received any flrrncisl aid from brewer
sg any pro"Gernaan Organization.
The evening world., 1918-12-27
WILSON ADVANCES DATE
FOR HIS VISIT TO ROME
Expects to Start Within - Hours
After He Reaches Paris
From London.

PARIS. Dec. 27.-President Wilson's
programme after his return 10 Paris
on New Years Day has been revised.
II now provides that he will leave
for Italy twenty-four hours after re-
turning to Paris. as there will be an
interval between his return from Eng
land and the preliminaries to the In
ter-Anied conference.
The American Peace Commission
announced to-day that II was in
telephone communication with Presi-
dent Wilson's entourage in London
and that the commission had been
advised this morning that the political
aspects OF the Presidents visit were
proceeding as satisfactorily as the
popular reception.
The evening world., 1918-12-27

receiving other guests whom he have
delighted TO honor"
The Post, which hopes that Mr..
Wilson Is convinced OF the sincere
cordiality of his welcome. admits II
doubted whether the people OF London
would abandon their usual holiday
routine TO greet n stranger. Express
newspaper saws there was not the
least uncertainty respecting Mr.. VIII
sons opinion Of the welcome. which
Expressed heartfelt thanks and grati-
tude TO him and his country for noble
efforts In behalf OF Justice and free-
dom"
Kings and emperors arriving as
Great Britain's guests were never ac-
corded suoh moving popular ova-
tion," says the Chronicle. Beneath
the surface. the visit betokens n great
deal more than that Of thes head OF
a state, and the crowds were we'll
aware OF this fact"
Tht Daily News says: 1T was q
peoples welcome, not only expressing
gratitude for the Presidents spacious
statesmanship. lofty vision and un.
failing wisdom. but also sending
greetings from the free people Of
Great Britain to the free people oi
| America on the morrow Of their join
victory"
London never Witnessed anything
quite like this impressive welcome.
says the Express. which dwells upoI
the remarkable size OF the crowds
declaring mo foreign sovereign wa
ever 30 acclaimed by 80 many people
The crowds that welcomed Marsha
Foch and Field Marshal HaiG wer
small in comparison"