davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-10-04
Phelps Dodge Output Down

Most of the leading copper produc-
ing interests are meeting with increas-
ing dltficulty in maintaining produc-
ton. The Phelps Dodge Corporation
tor example. in September turned out
l5,5oo,625 pounds of copper at the
smelters, compared with 171O1 .261
pounds in August. Last months ont
put was the smallest for the comnanv
since February 1916. N"'
In the month of September the
Miami Copper Company produce i
o,oi2's05 3, pounds Of copper, compared
WIN nnn G1 o,S'4.lSs pounds in August and
H.. n,soo'ooo pounds In September, 1917,
strikes ny
New-York tribune., 1918-10-04
Spanish Currency Expands
Bank Of Spain Is Granted
Authority to Increase Bank
note Issue by $50, 200, 900

Authority has been granted the Bank
of Spain to increase the amount of out
standing banknotes by $90,000,000,
provided it has sufficient gold cover for
the expansion. Up to this time the
bank has been able to issue banknotes
only to the amount Of s540,000,000, and
recently the notes in circulation reached
that figure, making it necessary for the
nsnk to make payments in silver.
Under the new authorization the bank
Ssu .ssue notes ur to $6ao, 100000.
New-York tribune., 1918-10-04
Wealth Markets Commerce
Reinuesti1g in Liberty

THE national task Of doubling the quota the third Liberty
Loan in the campaign necesstaes scratching be-
meath the surface of ready funds On October Is semannua
interest payments of approximately $2500000 will be made
the United Kingdom of Great Britain Ireland and the French
Republic per bonds will be represent
beautiful sentiment, we'll eminenty practical invest
the bondholdes this Liberty
bonds of the fourth loan.
the United States
showed their sympathy for the Allied these for
securities 1t would suprmely fitting for them
dedicate the interest to the of human
New-York tribune., 1918-10-04
DISSOLUTION NOTICE

STATE OF NEW YORK. OFFICE OF THE
SECRETARY OF STATE, SIS: THIS
CERTIFICATE, issued in duplicate. hereby
certifes that The Burden Sales Company.
Inc, domestic stock corporation. has
MED In this office this End day OF Octo-
Der. 1918. papers for the voluntary dissolu-
tlon of such corporation under section 81
or the General Corporation Law. ard that
~ appears therefrom that such corporation
mas complied with said section in order 90
be dissolved
WITNESS my hand and the seal Of once
Of the Secretary of State. at the city OF
Albany, this second day Of Octc-
IL. 81 Der. one Thousand nine hundred
and eighteen.
y. B. PARKER.
Deputy Secretary of State.
New-York tribune., 1918-10-04
City Ice Plant Urged

In a letter TO the Board of Estimat
Jonathan C. Day. Commissioner of
Public Markets, proposes that the city
engage in manufacturing ice, and, if
that proves unfeasible. that the city
either go into partnership with some pr-
vate corporation in an ice manufactur-
ing enterprise, or finance private cor
poration to manufacture ice under its
regulation and control.
Commissioner Day said this would
reduce the cost if ice from $440
ton to $3.50. The letter was referred
to the Committee on Finance ano
Budget
New-York tribune., 1918-10-04
Relevant Comment
Paper Stocks Favorably Affected

The common stock of the Interna-
tlonal Paper Company opened at 35 on
the Stock Exchange yesterday, an over
night advance of 2 points following the
announcement that the Circuit Court
OF Appeals had decided that newsprint
manufacturers were entitled to an in
crease of IS ton in their product.
bringing the price up to $40. The price
OF So2 ton was established by the
Federal Trade Commission last April.
but the matter was later taken to the
courts by the manufacturers on the
ground that this quotation was unfair.
Yesterdays closing sale of Interna-
tional Paper was at the same price as
the opening transaction. The preferred
closed at 81. up ~
New-York tribune., 1918-10-04
Elections

D. W. Buchanan, president of Old
Ben Coal Company. has been elected
director Of the National City Bank
Of Chicago, succeeding the late Homer
\. Stillwell.
Henry ]. Schuler, formerly loan clerk
of the Franklin Trust Company, has
been appointed assistant treasurer of
that institution.
New-York tribune., 1918-10-04
Dutch Shipping Gains
Holland Marine Companies
Stronger Despite Heavy
War Losses

Despite losses due to mines and Ger
man submarines the number of Dutch
merchant ships has actually increased.
The financial position of the merchant
marine has been greatly strengthened
since the war began. A compilation of
the reports Of Dutch steamship com
panies as Of December 81, 1917, shows
total tonnage owned of 1.OS9,OO0, an
increase of 1S1,2S3 compared with the
end of 1913. Reserves Of these COM
panies increased from $1,000, 900 to
S6o,ooo,0oo during the period of the
war.
New-York tribune., 1918-10-04
New Zealand Consolidation

Three important cement companies
IN New Zealand have consolidated with
capital stock of s2,949,s0o, and it is
proposed to operate but one of the
plants, until the demand for cement in
creases very materially. These are up
to-date plants, and in the main are
equipped with American cement ma
chinery and are capable of supplying
three or four times the present con-
sumption Of cement.
New-York tribune., 1918-10-04
Russian Externals Higher

Russian government bonds were in
active demand in the local market
again yesterday. The external eh per
cent loan sold on the curb from Go to
20 on dealings of $780, 900, the latter
pelng new high record. The 5lss rose
from oo to 81 oN' 'Nen reacted to 60
on trading Of S15O.Ooa.
New-York tribune., 1918-10-04
Spanish Credit About Ready

Negotiations for the granting of a
credit to the United States by Spain
have about aeen concluded. it was
learned yesterday. The amount in
volved approximates s75,OO0,o00. Weak
ness of Spanish exchange in this mar
ket when the other neutral rates
showed signs of recovering from their
slump of earlier in the week probably
was due to proximity of the completion
of the credit Arrangement.
New-York tribune., 1918-10-04
Telephone
Hanover 6Sf4

ply to bankers acceptances: Maturities
up to 10 days, per cent; 16 to SO
days, inclusive, Az per cent; 61 to 90
days, inclusive, 4'a per cent
Bank Cleartngs.-Bank clearings yes
terday in New York and other cities
were;
New York. ,ss4a. .s4s 15s s57,7sss2o
Boston ....... 5s,1o6.3o9 1s,o62,6e2
Philadelphia. 76.7oea47 14,48o,os3
Silver.-London, 49hd. unchanged;
New York, 101 &c, unchanged; Mexican
dollars. 7Sc. unchanged.
Sub-Treasury. - The banks lost
s4,99S,O00 to the Sub-Trcasury yester-
day.
Bank of England.-LONDON, Oct. s..
The Bank of England reported to-day
an increase in gold holdings Of s615,315.
The proportion of reserves to liabilities
is now 1851 per cent, against 17.7S per
cent last week. The statement, with the
changes from week ago, follows:
Gold s70,e27 ,045 Inc. s615,315
Reserve ..... 28.455, 900 Dec. 1,141,000
Notes res. 27,574000 Dec. $4,000
Circulation 62,254,o00 Inc. 1,757,000
Public dep. 30.524.000 Dec. 1.417,000
Other dep. . 1870 o,s4a,o0o Inc. $4,000
Gov. secur... 64,14s,oo0 Inc. 3,46s, 600
Other sec.... 99,726,0OO Dec. 100000
Bank of France Statement.-PARIS,
Oct. A.--The weekly statement of the
Bank of France, together with the
changes, in francs, from the preceding
week, follows:
Gold .... 5,43s,5s0,ooo Inc. $4,000
Silver %. 319.977.oo0 Inc. 755,000
Circul't'n. 80, ,27o, ,626, 900 Inc so2, ,801 200
Treas. dep. 76,o38,o00 Inc. 1S,555,00o
Gen. dep. 3,o29,2s6, 600 Dee. 77,5o7 900
Bills dis
counted... t,e74,s25 Inc. 5o,8s1 900
Advances increased 1888, 900 francs.
London Money Market. -- LONDON,
Oct 3.-Money, 3 per cent. Discount
rates: Short and three months bills.
, 1882 per cent. Gold premium at
Lisbon. l2O.
New-York tribune., 1918-10-04
International Agricultural CORPORATION

- Stptember =, 1878.
The Board of Directors of the rnterna-
uohal AGRICULTURAL Corporation has thiy
Gay declared quarterly dividend Of one
and one-quarter per cent. GiAeo) on the
preferred Stock of the Corporation paya
Die october IS, 1913, to stockholders or
record at the close OF business October :
1918. The transfer books will not he closed
JOHN j. WATSON, Jr, Treasurer.
New-York tribune., 1918-10-04
New York

Price of Stock Exchange Seats Un-
changed.-Walt L. Johnson has pur-
chased the Stock Exchange membership
of Hiram j. Sullivan for s50,O0O, un-
changed from the last previous sale.
Walter C. Hicks has been elected a
member of the exchange.
New-York tribune., 1918-10-04
CHICAGO PNEUMATIC TOOL COMPANY

At a meeting OF Nhe Directors OF the
Chicago Pneumatic Tool Company held IN
New York City. September Gath 1918,
quarterly dividend of one and one half per
cent was declared. payable October s5th,
1918, to stock of record October 10th. 1915.
J. L. PRICE Treasurer
New-York tribune., 1918-10-04
Finance - Economics
WALL STREET OFFICE:
MlllS Building. IS Broad st

Everywhere financial markets
point to an overwhelming victory
for the Allies. British consols enjoy
a sharp and unexpected rise. Ru-
manian oil stocks and Russian Sc
curities come suddenly to life in
Faris and London. War issues
weaken and peace stocks mount on
our own Stock Exchange. In the
foreign exchange market, the best
financial mirror of fluctuations in
the fortunes of war, rates on neu-
trail countries take decidedly favor
able turn for the dollar. Large pur-
chases of American securities are
made in this market by investors in
neutral countries. The verdict is
unanimous, even Berlin and Vienna
Joining in it by reporting severe
panics on their boerses. Never be-
fore, save at the end of July, 1914,
have the financial barometers all
pointed the same way at the same
time. The discounting process is un-
der way.
New-York tribune., 1918-10-04
DIVIDEND NOTICES
UNITED FRUIT COMPANY

A quarterly dividend OF two rer Ger
two dollars per share) on the capital ztocf.
OF this Company has been declared. psvs
ble on October Is. 1915. to stockholder. o,
record at th~ close OF business sep.en.1e.
90, 1915.
JOIN ". pANIoN .i-oas,.-,.
New-York tribune., 1918-10-04

The above rates express the cost of
foreign money in terms Of the Ameri-
can dollar. You buy IN English pound
sterling At. say, 34.7560. The ;ntrinsic
parity is s4.865s per pound. Thus you
say either that pounds are at dis
count or that dollars are at premium,
which is owing to the fact that in Ene,
land the demand for dollars with which
to settle accounts in this country i,
greater than the demand in this coun-
try for pounds with which to settle ac-
counts in England.
New-York tribune., 1918-10-04
Money and Credit

The bankers money committee called
loans to the extent of about s15,00O,o00
at the Stock Exchange yesterday. They
were able to do this without disturbing
rates, owing to the fact that the in
dividual banks found themselves in a
position to make larger offerings of
call funds. The statement was made
in stock market circles that had it not
been for the pulling down of the COM
mittee's outstanding loans the offerings
by the individual banks would have
forced the call rate temporarily below
per cent. AS it happened, however,
rates were held stable at to 6,a per
cent, the level that has been in force
for weeks.
Dulness was the principal feature OF
the market for fixed date funds.
Brokers reported business at a complete
standstill, with no new money being Of
fered and maturing loans being paid off.
Ruling rates for money yesterday,
compared with a year ago, were as
follows:
Yesterday. Year ago.
Per cent Per Cent.
Call money:
On mixed collateral 8 s
On industrial c'l't1. 6La
Time money (mixed collateraD:
Sixty days ........ 6E2@6
Ninety days ....... 6R@0
Four months ...... s 5000
Five to six months. s 52@6
Commercial Paper.-A limited amount
Of discounting is being done. The mar
ket is on basis of per cent.
Bank kAcceptances.--Offer Of bills
are large. Rates yesterday we're as fol-
lows:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent. Per cent. Per cent.
Eligible
banks. .4A@% 4ak@414 49z@41z
Ell igible
non-mem-
Der banks.4M@4Is 4ss@4A 4ss@4A
Ineligible
bank bills.sM@4 s!4@4ss4 5IA@4s4
For delivery within thirty days:
Per cent.
Eligible member banks. s.......... 4N
Eligible non-me,nber banks...- as
Ineligible bank bills.
Discount Rates.---The following table
gives the current rates Of the twelve
Federal Reserve banks on commercial
paper for all periods up to ninety days:
New-York tribune., 1918-10-04
News Digest
Foreign

Paris Bourse.-PARIS, Oct. 3.-Trad
ing was quiet on the Bourse to-day
Three per cent rentes, 62 francs rs
centimes for cash; exchange on Lon
don, 26 francs 7 centimes; per cent
rentes, SO francs 35 centimes.
New-York tribune., 1918-10-04
Warficld Committee to Convene

A meeting of the financial COMMITTEES
or seventy representing the National
Association of Owners of Railroad Sc
curltles is scheduled to be held in New
York next week for the purpose of re-
ceivlng report from counsel concern
ing the standard government contract.
!; me association few weeks ago par
uaiiy approved the terms of the con-
elaco IN inc hope that certain modifi-
cations might be obtained later. IN
10 the present it has not been success
full.
New-York tribune., 1918-10-04
KELLY SPRINGFIELD TIRE co.

A quarterly dividend OF one dollar (St 90
per share on the Common Stock Of this Com
paany has been declared. payable November !
1918, to stockholders OF record at the cins
Of business October Is. 1918
New York. October l, 1918.
New-York tribune., 1918-10-04
THE YALE TOWNE MANUFACTUKINt
COMPANY

A special dividend. No. 9S. OF Ave per
cent toeo) has been declared by the Board
OF Directors out of past earnings, payable
october 10Th, to stockholders of record a.
the close Of business October 1st.
j. II. TOWNE. Secretary
New-York tribune., 1918-10-04
Dividends
Extras

Extras
Standard Underground Cable Com
pany.-An extra dividend of 3 per
cent has been declared, in addition to
the regular quarterly dividend of 3
per cent, both payable October 10 to
stockholders Of record October 4.
New-York tribune., 1918-10-04
Studying Russian Iron Deposits

Japanese interests are investigating
the iron mines in the Olginsky district
of Siberia. with view to the invest
ment of capital there.
New-York tribune., 1918-10-04
The Dollar in Foreign Exchange

Neutral exchanges hardened some
what yesterday, and the improvement
was attributed by the brokers to a
natural reaction from the weakness of
the past few days. The only exception
was Spanish exchange, which declined
further on news that the credit ar
rangement between the United States
and Spain has been about completed.
Closing rates yesterday compared
with week ago follow:
Quoted dollars to the pound5
New-York tribune., 1918-10-04
II. ]. REDF1ELD. Secretary.

THE ANNUAL MEETING OF THE
stockholders Of T.ndale Cabinet Company
VII be held At the principal Office II the
East saith Street, Borough of Manhattan
city Of New York on The second Tuesday
OF October October 50. 1918 at . = NJ
for the purpose of electing directors for the
ensuing year. and the transaction of such
other business as may be properly brought
before the meeting
BERTHA n. TINDALE Secretary.
Dated September %. 1918
New-York tribune., 1918-10-04
BENJAMIN Franklin say.:
Fay mhot you one and you'll Lrop
zchars your own."
Service

w are prepared as agent and
custodian to assume for those going
Over Seas" the entire manage
ment of Real and Personal Property.
Our charge for these services is
moderate and our long experience
assures efficient management.
Our Officers will be pleased to
enter into details, personally, or by
correspondence.
New-York tribune., 1918-10-04
ANNUAL MEETING OF ruy

THE ANNUAL MEETING OF TIM
stockholders OF the Federal Printing
Company. which not held on the 2StS
day of January, 1918. for want OF repre-
sentation Of a majority of the outstand-
ing stock of said Company. will be held ar
the office of the Company. 23l West 3sth
street: in the City of New York. on the
isth day OF October. 1918. at 1890 O'Clock
Directors. and the transaction Of any bust
ness which may properly come before the
meeting.
II. j REDFIELD. Secretary.
New-York tribune., 1918-10-04
Another Jump in Marine Preferred


On turnover of $4,000 shares. sec
ond only to that Of United States Steel
common, the preferred shares of the
international Mercantile Marine Com
pany furnished the sensation of YES
terday's stock market. At the high
price OF III h the stock was 5ss points
ABOVE Wednesdays last sale. The clos
ing quotation OF 110as showed q net
gam Of 4 points. Buying for the ac
count Of British interests was hinted
st as one of the reasons for the rise.
A director stated there were no new
developments in the pending deal for
the sale of the company's English as
sets from the American end.
Terms of Moline Plow Sale
G A Stephens, president of the Mo-
line Plow Company, in a statement
to the common stock holders on the
terms of the recent sale of the prom
erty to the lys-Overland COMPANY
says that the Stephens interests sold
all their holdings to John N. Willvs
Tor Slbo share. They will receive in
payment preferred stocks paying 7 per
cent cumulative preferred dividends
quarterly in the following proportions
OF these companies: WHY'S Overland
90 per cent; Electric Auto-Lite. 30 nor
cent, and Curtiss Aeroplane and Motor
corporation, Is per cent. "The Ste
phens family" adds Mr.. Stephens. "has
arranged with the purchaser Of their
stock that the opportunity is offered
10 all holders of Plow company com
mon to exchange their stocks for the
above stocks in the ratio of ~ per
cent tor their common stock. We are
aavlsed that the policy of the new
management will be not to nav casb
dividends Oh the common for ner;od
OF years in order to permit improve
ment of plants to take care Of tho
largely increased output and the build
ing up of sufficient reserve fund to
safeguard the extended business"
New-York tribune., 1918-10-04

The Federal Reserve Bank of New
York has put in force the following
schcduie Of yediseouut rates, which sp-
New-York tribune., 1918-10-04

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., 1918-10-04
Taxes or Bonds!

axes or Bonds!
We must win the
war. We have set our
hand to it. We will
see it through.
To win the war, we
must finance the war.
Sums mounting into
the tens of billions of
dollars must be raised
during the next year
to set our fighting
millions in the fight
ing line in France.
The Fourth Liberty
Loan plays an abso-
lutely vital part in our
financing. The loan
must be subscribed
and oversubscribed.
There is only one pos
sible alternative a
heavy additional in
crease i'm taxes that
will fall on every citi-
zen. If we do not
lend. we must give:
We must take our
choice.
The Loan is the
largest on record.
lOur individual sub
scription m ust b e
larger than ever be-
| fore. You must lend
your limit.
Every consideration
prompts you to buy
Liberty Bonds-Pa-
triotism, sound busi-
ness judgment, and
! common prudence.
; Buy-to your Utmost!
New-York tribune., 1918-10-04

That oil producers should be per-
mitted to make reasonable allow
ance for depreciation in their tax
returns is obvious. Every barrel
of oil that flows from a we'll de-
creases its life by just so much,
and it is plain that in fairness the
producer be allowed to amortize his
investment. But it is nevertheless
significant to note that, in spite of
the uncertainty as to how the oil
producer will fare in the tax bill,
the amount Of development work
under way at the end of September
exceeded all previous records. Labor
shortages, the high cost of materials
and the many other handicaps that
must be met do not serve to restrain
the "wildcatter" with oil prices at
the present level
New-York tribune., 1918-10-04

Perhaps such things as money re-
strictions are so obscured by dis
tance that the investors in neutral
countries who are buying stocks
here cannot perceive them. Posi-.
bly, they merely seem unimportant
when viewed in perspective. Three
thousand miles makes difference.
New-York tribune., 1918-10-04
Corporate Returns

Northern Ohio Traction & Light
Company.-Gross earnings for the
twelve months ended August 81 were
s0'9lG,8S1, compared with s6,O19,41S
Tor the preceding twelve months. Net
after taxes amounted to s2,421,25e,
against s2,42S,oGS. Surplus after
cnarges was $1,312,224, decrease of
New-York tribune., 1918-10-04

ply to bankers acceptances: Maturities
up to 10 days, per cent; 16 to SO
days, inclusive, Az per cent; 61 to 90
days, inclusive, 41a per cent
New-York tribune., 1918-10-04

Silver.-London, 491ad. unchanged;
New York, 101 isc, unchangcd; Mexican
dollars. 7Sc, unchanged.
New-York tribune., 1918-10-04

Bank of Franco Statement.-PARIS,
Oct. 4.-The weekly statement of the
Bank of France, together with the
changes, in francs, from the preceding
New-York tribune., 1918-10-04

Discount Rates.---The following table
gives the current rates Of the twelve
Federal Reserve banks on commercial
paper for all periods up to ninety days:
Carthage courier. (Carthage, Tenn.) 1913-current, 1918-11-28
WILSON WILL
= ATTEND PEACE CONFERENCE

President Wilson will go to France
next week to attend the peace con-
ference Of the world He will sail
from New York next week and will be
absent from this country about six
weeks. France and England are plan
ming to give the President one of the
greatest welcomes any official was
ever accorded and his trip to Europe
will be a great occasion for those peo-
pie. The peace conference will like
ly be in session for many months
owing to the many difficult problems
to be solved, and it is only the pre-
hminary conferences the President
will attend in person.
Revolutions continue to rage in Ger
many and it appears that it will be
some time before those people become
settled and establish a recognized
government. Bolshevism, the doc
trines that have destroyed Russia, is
appearing in Germany and the terms
of the armistice specify that the AL
lies will not tolerate Bolshevism.
Tuesday night Bolshevik socialists
held a meeting in New York and when
the mayor of that city issued an order
that the attendants of the meeting
should not carry the despised red flag,
they broke over the order to the ex-
tent that the men wore red ties and
the women red flowers. After the
meeting the attendants were attack
ed by soldiers and for some time a
big fight was on.
The terms of the armistice are be-
ing steadily filled. The German navy,
including submarines and all, have
been taken over by the allies, and the
American, British, French and Bel
gain soldiers are marching into Ger
man territory and taking charge of
Germany's principal war quarters.
Gradually Americans soldiers are
being returned to the United States,
but until peace is thoroughly estab-
lished large American army will be
kept on the scene.