davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24
Commodities
| n d u s trial


Inc cotton market was extremely un-
settled and irregular yesterday Trad
ing was not more than moderately &C
tive, but the price movement was VIC
lent, with an early rally of IS points.
Followed by break Of 70 points and
recovery of DO points in the case of
January contracts. The general list
closed steady at a net decline of II to
5o points, generally II to 33 points be-
low Fridays closing figures.
The confused state of affairs reported
IN the goods trade seemed to be largely
responsible for the nervous and unset
tied feeling around the ring. The buy
ing TOR government account has stoned
and IN some cases contracts are being
cancelled, while civilian demand has
not yet expanded sufficiently to make
up for the falling off in army business.
Ihls, at least, is the condition reflected
in reports reaching the cotton trade,
and Fall River advices said that. de-
!lverles on government contracts hav-
ing been stopped, further goods pro-
ouced on such contracts will soon be-
gin to pile up. Otherwise the news
features discussed around the ring dur
ing the morning were considered bull
ISM very wlntry weather conditions
were reported in the Southwest, and
ness among holders. who in some in
stances are asking 80 cents for their
cotton.
The market opened steady at a de-
cline of % to so points, under overnight
selling orders, which were probably
brought in by the weakness of late
FRIDAY. These were soon absorbed, and
before the end of the first hour initial
losses were recovered, with December
and January selling to II points net
higher on covering and trade buying.
The demand then tapered off, and there
was sharp break under liquidation
or realizing and increased Southern
selling. January broke from 2s.1C to
274o, making net decire of SIS points.
and then rallied on renewed covering
closing at 1880. Oth.r months showed
similar fluctuations.
A wire received here from Memphis
reported an excellent demand for apots
and claimed that many factors with
thousands Of bales on hand had only
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24

One serious problem that con-
fronted Mr. McAdoo was how to
compel the roads to accept the new
equipment ordered for them Many
had refused, on the ground that
prices were abnormally high. If
labor is to be plentiful, and therefore
more efficient, prices might be low
cred, and the proposed expenditures
heavily increased. Large orders for
locomotives, cars and rails would
obviously go far toward tiding over
the hesitation period" that may en-
Sue. Even at high prices, heavy pur-
chases must be made to put the
roads in condition. Under the high
railway rates now prevailing the
roads might charge part of this ex-
penditure to depreciation. For an
other thing, this quick depreciation
might never take place The roads
themselves are the least in position
to block programme for pros
perity," and with the backing and
aid of the government, the best in
position to play leading role in this
programme.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24
The Dollar in Foreign Exchange

Neutral exchanges showed a firmer
tone during the last week and francs
and lire were trife easier. Sterling
exchange was steady. Cable communi
cation with Europe was exceedingly ir-
regular. making many customers prefer
checks to cables.
The exchange rate on Canada, which
has been running about 2 per cent in
favor of New York for months, moved
slightly in favor of the Dominion.
Orders were taken at 1 lilo toward
the close of the week The factor
Immediately responsible for the change
vas the heavy purchases by investors
in the United States of Victory bonds
of 1918. This had the effect of creating
some demand for Canadian funds here
"A more important effect on exchange,
which will be more permanently felt,
was the purchase of Victory bonds on
a large scale by United States COM
panies operating in Canada These
companies had large bank deposits in
Canadian money in Canadian banks.
which had not been transferred into
New York funds because of the ad-
verse rate of exchange. The loss on
So~ii ~ dHSoStiOHS wien Cno rate was
per cent against Canada was $40 on
every $1,000 exchanged. Nevertheless,
this money was always overhanging the
market Victory Loan purchases have
removed a large proportion of this
money from the market for the present.
There are other factors that will in
f1uence the exchange market. One of
these is the movement of grain from
Canada to Europe. Terminal elevators
IN Canada are filled up, and compare
lively little has been placed on board
SHIPS as yet, because of the shortage of
bottoms. The United States has big
export surplus of grain, much of which
evidently will be moved first. As
Europe's requirements are Urgent. it is
expected that ships will be found soon
Tor Canadian wheat and other grains.
Inc surplus wheat crop of Canada for
export amounts to about 10000 900
bushels, and in money this will repre-
sent some $14O,00O,OO0
An adverse factor in exchange is the
TACT that considerable obligations in
the way of maturing issues and inter
est charges are falling due in New York
IN December. 1t may be that the pre-
mum on New York funds will rise
again to per cent temporarily.
II you calculate the cost of the dol
lar IN terms of foreign money at par
vaiue-that is, if you were buying dol
lars with pounds, marks or francs-its
vaIue at the close of last week, as COM
pared with a year ago. would be about
as follows @00'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24
Railroad Shares Weaken

Whether or not it was due to Mr..
McAdoo's announcement that he in
tended to quit the job as Director Gen
eral of the country's railways or the
fact that the general market tone was
downward, railroad shares were weaker
=, yesterdays market, registering de-
clines ranging from a fraction to 2
points. Sentiment in brokerage circles
was decidedly mixed over the future
of the carriers. Some expressed the
view that Mr.. McAdoo's retirement
would hasten the return of the roads
to private control, but such an eventu-
ality was construed both bullishly and
bearlshly. All were agreed that the
railroad outlook is now more uncertain
than ever and uncertainty is often the
reason for lauidatIon.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24
Relevant Comment
Chances Of Mexican Loan Remote

Wall Street heard rumors toward the
end of the week that the State Depart
ment had requested bankers to study
the question of making n loan to the
Mexican government. A Washington
correspondent Of The Tribune yester-
day asked Counsellor Polk, of the
State Department, whether the reports
were true, and he replied that the
prospect of loan to Mexico was
every remote" He said further that
the question was not now under. con-
sideration by bankers on behalf of
the State DeDartment
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24
Butter, Cheese and Egg.

Butter:-Receipts yesterday were
s,7o1 packages. Creamery, higher than
extras, ID. 651s @66c; extras, 90 score.
65c; firsts, 88 to 81 score, 591a @64kc;
seconds, SO 70 81 score, 5515M5ec:
lower grades. 52@55c; unsalted, higher
tn n extras. 67h@ 68c; extras, 661a "a
&c; frsts. 61h @65hc; seconds. sra
Ole; state dairy tubs, finest. 64064hc:
good to prime, 59@63c; common ~
fair, $50 58c; renovated. extras Zoo
Ole; firsts. 47@4sc; lower grades
42@46c; imitation creamery. firsts
44@45c; ladies, current make frsts
Al ~ 2c; seconds, 4Oc; lower grades
oof@591sc; packing stock, current mako
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24
N. Y. Trust Opens
Uptown Offices

The New York Trust Company an
nounces to-day the opening of an up
town office at the northeast corner OF
Fifth Avenue and Fifty seventh Street
with Charles E. Haydock, vice presi-
dent. as manager. The building oc-
cupied by the new quarters is the for
mer home of Mrs. Hermann Oelrichs
and is the last of the row of white
marble houses built by the late Mary
Mason Jones.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24
Other Cities

Fare Raise Allowed in Morris County.
N. J.-TRENTON, N. j., Nov. 23.-The
State Public Utility Commission TO-DAY
allowed the Morris County Traction
Company to eliminate it's six for a
quarter tickets and also a special rate
of 2h cents. and to charge emergency
rate of six cents, and in excess zones
three cents, as rate Of fare where ~
cents is now charged. This will give
the company s53,99s.78 more revenue
year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24
Irony Seen in McAdoo's Action

In commenting on the withdrawal of
William Gibbs McAdoo, the man with
the nine big jobs from the Wilson
Cabinet, financial observers: perceived
vein of irony in the situation. Here
was the financial minister of the rich
est country in the world, who handled
larger loans and bigger expenditures
than were ever made before in all his
tory in SO short time, resignng his
important place in the Administration,
ostensibly because his Job did not
yield him enough to live on. With
NJ McAdoo it seemed to be a case of
money, money everywhere, and-yet-
not enough to live on.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24
> u s t e n q n c e


Wheat.-The main point of interest
IN the wheat position is the question
or distribution. Supplies are large in
America and also in the Southern Hem
isphere, while the demand abroad is
urgent, and in consequence of the stu
alton the question of transportation is
the main factor. Wheat is being
worked steadily from the big lake ter
minals toward the East, where it will
be available for shipment during the
winter, while stocks at all the leading
markets are the largest ever recorded
in this country. At the present time
the export demand is principally fo-
flour, but the food administration is
ABOUT to make large purchases of -four
substitutes which were accumulated to
be used in connection with -four and
which are no longer required. These
Will be shipped to Europe and will help
to supply the needs of the furnishing
people in some of the European coun-
tries. The Argentine and Australian
markets are also being drawn upon. and
the ending Of the war has very materi-
ally altered the transportation problem.
and a great deal Of foreign shipping
IS expected to go to the Southern
markets.
Corn.-The corn market was again
under selling pressure, and prices
cents. Longs sold heavily and the de-
mand was less active. The principal
bearlsh development in the situation
was a growing feeling of reluctance on
the part OF consumers about paying the
prevailing prices in the cash markets.
FARMERS were also rather more dis
posed to sell, and as the car situation
was more favorable the trade was in
cllned to anticipate a very material
enlargement of the movement next
week. 40
Yes'day's Previous Year
Corn. No. 8 yellow $685. s1.ssA A
Chicago:
6 6sss%SsF 1:Ssz, 1 1Ss ,2zz.
Oats.-The oats market was heavy.
closing with net losses of q to cent.
Inc decline in corn again exerted a
bearlsh influence on values, and the
market also felt the effect of q less ac-
tive cash demand. Exporters showed
some disposition to buy moderate guam
Titles of cash oats for prompt shin
ment, but they were little disposed to
pay the prices being asked, and were
thought to have about completed their
purchases Tor Shipment over the lakes
for winter storage.
Yesterdays Previous
~. view orH close close. Year ago.
Chicago:
November ...... IA rs
December ......... .72s4 .73H 20
Rye.-Market steady.
Yesday's Previous
New York: close cIose y.
Cash, No. 2 West. .s1.75 SIPS As0
Flour and Neutrality-suspicious. we're:
=, Yes days Previous
~, New YORK: close. close. Year ago.
Flour Flour. MINI. sp pat.s11.oo s1o.s5 sii.5o
Rye -four choice s.15@e.75 e.15@s25 1000
Bran, 10O-lb sacks. 1878 1878 41.oo
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24
Wilson 4 Co. Financing Plans

Reports from Chicago yesterday in
dicated that the projected Wilson &
Co. financing will take the form OF
$20,000,000 ten-year per cent de-
bentures, which will be convertible
into common stock. The issue price
it was stated, will be around 95.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24
Fourth Loan Bonds Break 90

For the first time since they were
admitted to trading on the Stock Ex-
change the Liberty Loan fourth Az
per cent bonds broke through SO yes
terday and dispelled the theory that
they had been pegged at that price.
The low price was $3.50, which was also
the closing quotation
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24
New York

General w. A. Mann Joins staff of
Equitable Trust. The Equitable Trust
Company has engaged the services of
Brigadier General William A. Mann
United States Army (retired), in con-
nection with its overseas department.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24

If there should be huge exodus
of Storage passengers in 1919 that
might go far toward relieving the
labor situation that worries many
minds. Steerage travel eastward in
slack years has often reached heavy
figures. 1t has been damned up
for four years. Ships available. it
might easily reach a million or more
passengers next year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24
Wealth Markets and Commerce

few hundred for sale, as the holders
were demanding higher prices. There
were also reports from Texas that buy
ers were bidding 100 points on Deem
Der for strict middIing cotton Of ordi-
nary staple in the interior No fresh
feature developed in the export situa-
ton.
The local market for spot cotton Was
quiet and 30 points lower, on the basis
of 1920 for middling upland, compared
with 1880 the day before and 1890 the
year before.
The range of prices follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24
News Digest
Paris Bourse Inactive

dTIb DOuTBc IndCIIVe
PARIS, Nov. 23.-Trading on the
Bourse was quiet to-day. Three per
cent rentes sold at 81 francs 80 CEN
times for cash. Exchange on London
was quoted at Is francs SO confines.
Five per cent loan brought 81 francs
80 centimes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24

On more than one occasion Secre-
tary McAdoo had stated that he is
not in favor of government owner
ship of railways.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24

Southern spot markets follow: Gal
weston steady, unchanged at 1880;
sales, 800 bales. New Orleans steady,
unchanged at 29.75; sales, 400 bales
Mobile nominal, unchanged at 1888;
sales, nil. Savannah steady, so points
lower at 29c; sales, 200 bales. Norfolk
steady, SO points lower at PITS; sales,
nil. Memphis steady, unchanged at goo;
sales, 500 bales. Houston steady, un-
changed at 1880; sales, 831 bales. Lit
tie Rock steady, unchanged at 1880;
sales nil
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24

Projected improvements of the
railways under government control
have not materialized. Purchases so
far this year have been at the lowest
ehh. Director McAdoo's budget for
1918 footed $1,31s, 100000. Of this
amount to October l only $780,
100000 had been expended. That
left a balance of $S76,000,000.
There seems no good reason why
these improvements should now be
blocked. Equipment is badly needed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24

One of the most vital things we
have yet to learn of our unified
banking system is it's tremendous in
fiuence over the course of prices and
the very great powers of the Fed
eral Reserve Board in controlling
these prices in their wider range.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24
Elections

l.. J. Grinnon has been elected a
vice president of the New York County
National Bank. A. S. Hurst was
elected cashier, and P. A. Hutchins was
appointed assistant cashier.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24
Money and Credit

The statement issued by the Clearing
House Association yesterday showed a
decrease in loans and discounts of
500, 900 during the last week, leav-
ing total of s4,6SO,521 900 Net de-
mand deposits increased $500, 900. Ex-
cess reserves decreased s28.812.750.
United States government deposits to-
tailed s331s87, 900, compared with
S33S,724 900 a week ago.
The Federal Reserve Bank of New
York IN its statement for the week end
ing November Is showed a total of bills
discounted and bought of s82s.05o. o8e.
compared with $S41,e29,40S a week 400
Commercial Paper.-Discountine ia
gong on moderately at 6 per cent for
AL matur1tles. The local demand is
small, with country banks the nrinc;na,
buyers.
BANK Acceptances.-The bank accent
ance market yesterday was without
feature, with rates UNCHANGED
Thirty Sixty Ninety
spot de- days. days days.
livery: Per cent. Per cent po~n.
L igible
m e m b er
banks 4M64N 4ahMd1L aaleah4
T. igible >o- ~ '|ess7's
non-mem-
Der banks.47s@4I4 4H@4A 4z@4a5
Ineligible 20
bank bills.51a@5 5z@5 5H@5
For delivery within thirty days:
W.. Per cent.
Eligible member banks. 4N
Ehglbie non-member banks. $50. asa
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 davs:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24

The Federal Reserve Bank of New
York has put in force the following
schedule of rediscount rates which APP
ply to bankers acceptances: Maturities
up to Is days, per cent; Is to 60
days, inclusive, Az per cent; 81 to 80
days. inclusive, Az per cent.
Sub-Treasury. The banks lost
S4,575,o00 to the Sub-Treasury on
Friday.
Bank Clearings.-Bank clearings yes
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24

Silver.-London, 4SMd unchanged;
New York, 1o1 1sc, unchanged; Mexican
dollars, 7712c. unchanged.
London Money Market.-.LONDON
Nov. 23.-Money was firm at 33s per
cent. Discount rates were short and
three months bills, 8 1882 per cent.
Gold premium at Lisbon was at 100
German Bank BERLIN,
Friday. Nov. % (via London). The
statement of the Imperial German Bank
for the week ended November shows
the following changes, in marks:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24

terday in New York and other cities
were:
Exchanges. Balances.
New York -. 1852 $3.50, 1913 $96.S32, 673
Baltimore go. t1,ss5,e4s 4,447, 1853
Boston 5000, 54,211,t37 5000. las
Philadelphia. 72,009.3t5 21,556, 399
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24

Continued on neat page
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24

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. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24

Nominal.
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: '''N
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24

Flour and Meal.-Quotation were:
New York: close. close Veoraxo
Flour Mimi. sp pat.$11.oo $1o.s5 s1t.so
Cornmeal. yell, gran 425 4.25 AK
Rye -four choice s.15@e.75 e.15@e2s ~ IN
Bran, 100-lb sacks. 1878 1878 41.oo
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24

Rye.-Market steady.
Yesdays Previous
New York: close close
Cash, No. West. .$1.75 s1.75 50
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24
Federal Reserve Banks

WASHINGTON Nov. 15.A tendency discounted
by government obligations and decrease of other discounts
apparent the
me condition of the twelve
reported q follows
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24

CIos1ng rates yesterday, Compared
with week ago, follow:
(Quoted dollars to the pound.)
World's cresset., 1918-03-21

We had a chat vita Mr..
Schupp from the lower camps
As he passed thru. our little
Vile on last Monday on his way
Of Mr., Williams.
DO not forget that the Mid
Continent Iron Co. located 24
miles north of Fremont want
your labor and will pay you we'll
And one of the BEST of men /,
Mr.. Busick Superintendent, will
treat you right and white.
There will be preaching here
every Sunday at II O'clock and
at 8 O'clock unless the weather
would not permit until we get up
G hurch house which will be as
soon as possible.
People who are working for
the Md Continent Iron Co. at
this place, come now and let's
make it the flower spot of the
world, by this we will not only
help ourselves but we will make
it pleasant for the Or.
World's cresset., 1918-03-21
j. $. Pledges Sym
patby And Aid To
Russia.
PRESIDENT WILSON PRO-
CLAIMS WAR ON GERMANY
UNTIL 1T RELEASES HOLD
ON PEOPLE.

War on the German govern.
ment until it is compelled to re
linquish it's hold on Russia was
proclaimed on Monday by Pres
ident Wilson.
The President proposes that
the United States and its allies
shall fght until Russia reyains
unimpaired sovereignty and in.
dependence
This second declaration OF war
CL the imperial German govern.
menJ the President embodied in
a message to the people Of Russia
through the congress of sovie,s
1T Moscow considering the rat
ifacation OF the Illuminating treaty
of peace which Leuine and Trot'
zAy accepted from the German
government.
TEXT OF MESSAGE.
Tie Presidents message fol-
lows:
May not take advantage Of
the meeting Of the congress of
the soviets to express the sin.
cere sympathy which the people
of the United States feel for the
Russian people a. this moment
when the German power has
been thu rst in to Interrupt and
turn back the whole struggle for
freedom and substitute the
wishes Of Geamany for the pu,'
pose of the people OF Russia.
Although the Government Of
the United States Is unhappily
not now 10 a position to reuder
the direct and effective aid il
would wish to render, ] beg t.
assure The people Of Russia,
through the congress, that il
will avail it,orf of every oppor
tunity TO secure for Russia once
more complete sovereignty and
independence in ne! own affJicn
ana fu.l restosa a;,au 20 ber gresE
role 10 the he OF Europe ard the
modern word.
The wt!ole baGss Of TIE peorle
of the Unitad 6tates is with the
people of ilussii, in tbs at.anDt
| to free the Gisel7es forever Srom
autocratIc government and be-
come and masters Of their own
lIie.' +%
World's cresset., 1918-03-21

u IS your BEST friend.
We are having fine weather at
present.
The CREsSET is intended to do
the most good to the most
people.
Wood choppers come here we
will see tnat you get all the work
you can do.
There is plenty of work here
for poor hard working men at
this place.
I'VE want every body to come TO
cur meetings at the JAH Vile
Colony.
The JAH Vile Colony is going
30 build new church as quick as
possible.
Let every body Subscribe for
che CRESSET as it will be
your best friend.
The JAH- Vile colony tries to
be blessing to all WHO associate
with them.
Our meeting a. the JAH-Ville
colony and in the CREsSET Office
on last Sunday was a fine meet
ihg for the first time.
Mr.. Fogerson and wife called
on the Ed. and wife on last Mon.
eve. We were glad to meet them.
Mr.. Garbroth and his grand
childrel was all out at meeting
81 the colony on last San. come
cgain good people.
Mr.. 6. B. Copeland from
Leaveu Point was a pleasant cal.
ler at The CREssET OFFICE last
Tuesday.
Mr.. w. W. Pyrtle. wife and
little girl OF Lowas ssie Mo. was
pleaSant callers at the CRESsEr
OFFICE lac. Tuesday afterLoon:
Come again good frie ends.
Rev. Mr.. Jordan In company
with another young Soldier for
Christ, whose name we have for
gotten, vas w from the lower
camp TO meeting on last Tnura.
night at the Colony.
Tho CREssET is now located
at is new home in the woods,
Surrounded by thousands of
acres Of forest under the con.
troie OF the Mid Go tiuent Irou
Cr.
-"Tae WORLDS CREssEr'' is q
religious paper "A nOncom oatant
paper yet IL loves :or to assist its
rovernnen! ia any other wey
possible
Hon, Judge M,llman was up at
tnc CLl0ny camp on last Tuesday
the Judge is one of the best Of
~!en.- he is tormau Of TIC wood
choppers.
Wood choppers wanted at the
Mid Continent IRON Go. Fremont
NJ o. pay every Saturday Every
cord you cut goa VIII get a dollar
for-T;nber is good.
"A thousand men Or more need
cd al the Mid Continent Iron Co
Fremon. Mo, come right on good
wages paid