davidaulloa/AmericanStories huggingface dataset:
Free trader-journal. (Ottawa, Ill.) 1916-1920, 1918-08-26
LOCAL MARKETS

Spring broilers, Per H., 25.25hc.
Old ROSTERS, per ID, loo.
Hens. per b., 2lc.2l hc.
Young ROSTERS, per ID, l2c.
Ducks, per ID, lSc.
Geese, per h., 1O-l5c.
Turkeys, alive, per ID, l5.20c.
Eggs, per dozen, 32.33c.
Cream, 4243c.
Butter, 34c35c.
=. s butter, CSC.
Lard, 2ic.25c.
Hides and Wool.
No | hides, per H., loo.
No. 2 hides per b., &c.
Furs, 30c,
No calf skins, per h., zoe.
No / horse hide, "a.
Live Stock.
Steers Stock, per cwt.. $500 |,
$1,000; fat, per cwt.. $1400.
Calves Per cwt., 81 to $3.50.
Spring l.ambs-per cwt.. SIS.
o Sheep-Per cwt.. $500.
Hogs--Per cwt., S17.
Free trader-journal. (Ottawa, Ill.) 1916-1920, 1918-08-26
Famous Family Of English Origin.

The Lee family, Of which Gen. Rod
ert T.. Lee, commander OF the Confeo'
crate army during the Civil war, was
q member, was of English origin. One
Of his ancestors emigrated to Virginia
In the reign of Charles l and the fam
uy was prominent then, during ana
after the Revolutionary war.
Free trader-journal. (Ottawa, Ill.) 1916-1920, 1918-08-26
llamas Burden Bearers.

Llamas are employed In transport
work in Peru. These animals work In
herds Of about a hundred, and each
carries load equivalent to n hundred
weight, After two weeks work each
llama has weeks rest.
Free trader-journal. (Ottawa, Ill.) 1916-1920, 1918-08-26
What II Means II 105.OO0.0 900
People Refuse to Economic
on Clothing.
NATION HURT IN MANY WAYS
One OF Numerous Cases in Point Vivid.
y Illustrates the Vital Necessity
OF Saving 10 Save the
Country" in War Time.
BY PAUL N. WARBuRG.
Former Vice Governor Of the FEDERAL
Reserve Soard.

| am one OF one hundred and i've
million OF inhabitants of the United
States, my duties are the same as
those Of every other true Amrricun
and those OF every other true Ameri-
can are the same as mine. Whatever
| contribute 10 the cause of the CUun-
try, may expect 10 see done-eUth IN
his own wuy--by l05.0O0.O00 people.
Let us suppose for the purpose u
illustration that | decide that ! shall
effect a saving on clothes. might Sc
lect boots, automobiles. umbrellas, or
any other article for which | regularly
spend my money, as | have no desire
to single out any one commodity, but
clothes lend themselves TO my thought,
SO | name them. II | make up my
mind. then, AZ this juncture that TO
wear old clothes is more respectable
than 10 be seen in new ones II de-
eide 10 buy one new suit of clothes
less than usually purchase each year,
and If figure hat suit to cost DO more
than SlO-the country as a whole,
should we all pull together and act on
he same lines. would save thereby over
one billion dollars. 1t Is true mat in
dealing with our l05.0O0,0o0 population
We include children and many poor
people that could not save ten dollars
each because they never spend more
for clothes than they absolutely must.
But on the other hand $40 is much
smaller amount than the average man
or woman spends for new suit OF
clothes, The assumption that a billion
dollars could easily be saved on clothes
may, therefore, be accepted as conser-
vatiye.
The first thought that occurs TO US
IN this connection is, that by this saw
ing in clothes over one billion dollars
would be freed TO be invested in Lib
erty loan bonds. That is the first i'm.
pGrtant and most obvious result. But
there are other economic results In
VOWED In this saving that are of far
greater importance than the mere saw
ting Of money.
Free trader-journal. (Ottawa, Ill.) 1916-1920, 1918-08-26
What One 10.

"Say, Pa, Jest one more" blended
the animated question mark. what
Ia the Rock Of Ages2" "The way
Il seems to a young father trying to
race with spell Of collie"
Free trader-journal. (Ottawa, Ill.) 1916-1920, 1918-08-26
Games Today.

Philadelphia at Pittsburgh.
Boston at Cincinnati.
New York at St. Louis.
Free trader-journal. (Ottawa, Ill.) 1916-1920, 1918-08-26
GAVE LIFE TO ENLIST:
GETS MILITARY FUNERAL

Seattle, Wash. Arant,
tWcnty-one. was buried with
military honors here recently be-
cau.n he gave up his life In an
attempt to enter the military
service Of his country. Arant
had been rejected by army medi-
cal examiners. who said he might
be accepted If he underwent an
operation. He Went to Il hospital
and had the operation performed,
but failed to recover from It's
effects.
Free trader-journal. (Ottawa, Ill.) 1916-1920, 1918-08-26

THIS British official photograph de-
pets most strikingly the part that the
Red Cross nurse is taking in the great
conflict that Is now raging. She braves
the shot and shell Of the German guns
and sees only one thing, that of caring
for the wounded This photo taken on
the British western front in France
shows one of these angels Of Mercy
treating British officer who has been
wounded in n car accident. Note the
Gas mask that the wounded man car
res before him in readiness for any
gas attacks.
Free trader-journal. (Ottawa, Ill.) 1916-1920, 1918-08-26
Economic Results Are Vast.

Let US consider first what one billion
dollars worth Of clothes means. Sup
pose they were half-wool and halfcot-
Ton and that the value Of the raw ma
terial constituted only 30 per cent OF
The price paid 10y the ultimate consum'
er, that would nj the present price OF
30 cents per pound for wool and 30
cents per pound for cotton respectively,
represent 20S 1874 tons of wool and 49,
jGT tons of cotton. Canyon imagine
how much freight space would be re-
luired on water and on land, In NOV
Ing this mass OF raw material? DO
YOU realize that II these bales were
ing capacity Of ~ tons per car for
wool aud - tons per car for cotton,
his would represent 1901 box cars
loaded with wool and 32O56 box cars
loaded with cotton? Assuming Is cars
per train, there would be about 600
trains the total length Of these trains
would be approximately 3l4 miles, and
,hese trains, hauled by 800 engines,
vixen standing in line would approx
mntely cover the distance from Balti.
more to Pittsburgh Can you imagine
the amount Of coal consumed In first
transporting and then weaving this
raw material into cloth2 Can you i'm
Ngine the number OF hands employed In
these processes? And then consider
that more coat, more labor and more
transportation are required In distrib
uting the cloth and again more labor
and more material In converting II Int
clothes, and again more labor ant
transportation in retailing the finished
product TO the final consumer.
Let US be mindful that all the tint
'hese processes are being carried on
Uncle Sam Is short Of the men neces
ary to dispatch his war work, AM
furthermore that shortage Of coal an
/ The clogging Of the wheels Of transpor
! tuton have stopped his progress q
| most critical moments and In the pres
mt emergency continue to remain
/ onstant menace to the country.
May Cost Your Sons Life.
Ny new suit Of clothes means, there
ore, delay for our military operations
lelay in transporting and equippln
non. and In sending 20 them, and
jur allies the supplies they need
means increased losses and long,
luratiOn Of the war. Ny new suit {
clothes may cost, therefore, the III
# my son.
The supply Of goods. Of labor and {
transportation Is limited. II Is a ma
ter Of common agreement that this liz
tied supply Is not sufficient freely
satisfy all wants and that unrestricte
attempts on the part Of each individu
to satisfy his own requirements MI
Tend to n Wild scramble and destru
tive competition with the g0vernmel
resulting In fatal delay and endless {
rrense In prices,
The loaf Of bread available for on
selves and for our allies Is not lnrl
enough to "go around" II we all wa
to eat more thnn Is absolutely nect
sury for our maintenance. II ID ever
Free trader-journal. (Ottawa, Ill.) 1916-1920, 1918-08-26
NATIONAL LEAGUE.

Yesterdays Results.
Brooklyn, 30: Chicago. 81
Boston. so, Cincinnati. -
New York al St Louis. rain,
Free trader-journal. (Ottawa, Ill.) 1916-1920, 1918-08-26

who We're still alive and able 10 run,
retreated. double quick time.
New-York tribune., 1918-02-03
D. & r. c.. Holds Gree Asset
Securities Valued at $3, 100000

DENVER, Feb. 2-Securitics owned
by the Denver & Rio Grande Railroad
Company, which recently was placed
in receivership by the United States
District Court here, were valued at
approximately S3,000,000 in report
filed by appraisers in the court to-day
The securities are classed as free
assets" of the company, and it was
proposed that the court authorize the
sale of $2,000,O00 worth of them to the
Equitable Trust Company of New
York, to provide funds for payment of
interest on the roads bonds and to pay
other indebtedness. The court an
nounced It would order the same if the
Director General of Railroads, Will
lam G. McAdoo, gave his approval.
Directors of the Denver & Rio Grandc
expect that the interest due February
l on the companys first refunding 5
per cent bonds Will be paid before the
sixty day period of grace has expired
The default is regarded as only tenn
porary. The action of the Director Gem
eral Of Railroads in withholding ap-
proval of the payment of the February
coupon, it was stated yesterday, was
due to the desire on his part to have
it made clear that none of the Denver
company's earnings after January l, or
since the plan of government control
went into effect. viii be used to meet
this interest. The protective committee
for the bondholders. headed by Seward
Prosser, president Of the Bankers Trust
Company, was formed in order to help
clear up a misunderstanding that has
evidently arisen since receivers for the
road were appointed in Denver last
New-York tribune., 1918-02-03

The " Frankfurtcr Zeitung" regards
this Improvement as the best gauge of
the prospects for a general peace. 1t
adds the following comment:
"This Improvement in exchange may
be taken as a symbol of our general
position. Overnight, as it were, the
world has changed its mind about Ger
many"
The "Berliner Tageblatt" interprets
the Improvement in the following
words: Zone may be disposed to at
tribute the sharp recovery of German
exchange to the defeat of Italy and
Russia's longing for peace, which is
spreading more and more to other ma
tions. That view, however, is only
partly true. The chief cause for the
rise in the value of the mark is that
speculation had depressed the value Of
the mark far below what was justified
by the curtailment of our national
wealth through the war"
1t elucidates further: "Foreign spec
ulators saw the quotations for German
banknotes and bills sinking day by day,
and consequently they plunged more
and more boldly. In Germany, on the
other hand, the rise in foreign ex-
change was promoted by passive atti-
tude In various quarters; the holders
of balances in neutral countries, for ex-
ample, refrained from drawing against
them. The calculations (of the
speculators) were negatived by our
successful advance into Italy and the
dawning of peace hopes, for now the
foreign spectators began to cover their
engagements, and in doing so they soon
made the unpleasant experience that
the offerings of mark bills rapidly
dwindled. That is the explanation of
the fact that German eXchange-which
under normal circumstances varies
only few pfennigs in price-rose rap
idly within short time, and in Ger
many foreign exchange rates were
heavily depressed"
New-York tribune., 1918-02-03
ReAexes of War

According to "The London Times. !"
the British output of munitions is con-
stantly on the increase. Nearly 10000
workshops in Great Britain are now
producing munitions of war. Of these
5000 are establishments controlled by
the Ministry of Munitions and 15o are
national factories. The output of ma
terial of all kinds is on an immense
scale, but the limit has not been
reached. The erection of four new
national factories at a cost Of over
$10,0000OO has just been sanctioned
and extensions are being carried out in
many areas. Existing workshops are
being enlarged; new factory is being
built for the readaptation of old boxes
and packing cases from the battle
fields; aircraft and instructional fac
tories are being established, and al
most every week there are demands for
other varieties of building subsidiary
to the production of munitions.
During the first three years of the
war" says "The Iron Age" "the Ger
man iron and steel industry voluntarily
subscribed $50 million marks, or about
S7,50O,O0O, to the relief of workmen.
Largely owing to government action,
wages have been advanced to a point
which it is realized threatens the coun-
try's competitive standing in the
worlds markets after the war. By
government favor the returns to steel
manufacturers have been made highly
lucrative, and at the same time war
profits taxation is far less than in
Great Britain or the United States.
New-York tribune., 1918-02-03
Turkey Depending
On Germany for the !,
Money to Make War
Teuton Ally Advances S32..
100000 a Month for Cur
rent Expenses
The Net0 York Tribune
EOrfi0n Neare R,rcn,l

.Djavid Bey, the Turkish Minister q
Finance, while on his way to Berlin
where he is to make arrangements for
e. new Turkish war loan from Germany. IS
was interviewed in Vienna by repre-
sentative of the "Berhner Tageblatt"
III regard to Turkeys tinanci:., situ.
alton.
Our entire public debt" Djavid Bey
declared, (which before the war amount
ed to 3,OOo,oOO,Ooo marks, has now
reached s,0OO,O0o,O0O marks. 1t is trus
this IS considerable sum- But if one.
takes into consideration the natural .
wealth and the economic power of the =
Turkish empire, it is evident that Tur--- 3.
key has been less overburdened by ti.s:- =
war than the other states Of Europe
Also, we shall be able to balance up
our ordinary budget By introducing
various new taxes, especially on articles
OF consumption, without tiscally over.
burdening the population. In putin G.
into order our finances after the war
we shall be greatly helped during the
first eleven years after the war, tfanks
to our arrangements with the German
empire. In the course of those elevea ..
years we shall be able SO to develop
cur economic forces that it viii be easy
for us to meet all our financial obliga-oi
tions
"Our loan agreement with Germany
which concluded in Berlin for period
of six months will expire at the end Of :.
February. According to that agreement
Turkey receives from the German gc%-
ernment every month 5000 900 Turk
ish pounds (32,000,000 dollarse, for her-s.
current war expenses. We are going to
conclude now similar agreement 1t
Is possible that we may be able some
what to decrease our war expenses q.
present Also | shall have to discuss.
with the German government I must
return at the end of February to Con-
stantinople, where shall have to bring
up the budget before parliament"
Discussing the political situation,
the Turkish Minister of Finance said :
81 believe that from the Turkish :.
point of view the present negotiations
are received very favorably. The peace
programme which the Russian dele- :
gates have proposed in Brest-Litovse
appears acceptable to Turkey and the
Turkish delegates have said so at the
peace conference As to the question
of the straits, it is right that all COM
merclal nations, especially Russia,
should be al, owed free passage through :
the Dardanelles. And when Turkey will
see herself no longer threatened By
the danger of being dsmembered, She
will open her straits to the comrerciai-'
ships, not only in peace time, but also
in times Of war. At any rate, we ar.
actuated by the earnest desire to live
in friendship with democratic Russia,
which has renounced the claims of the
CZarist government"
New-York tribune., 1918-02-03
Dollar in Foreign Exchange

So far as outward appearances went,
the foreign exchange market made no
response last week to the peace talk
based on reports of labor unrest in
Germany. Rates moved narrowly, and
such fluctuations as occurred were not
significant.
In the absence of any important
movement, interest centred in the new
regulations announced at Washington
whereby all dealers in foreign ex-
change must obtain special licenses
from the financial authorities. This is
a part of the programme to bring the
whole machinery of the foreign ex-
change market under the direct super
vision of the government, so that
transactions which might prove benefi-
cial to the enemy will be prevented.
Another development that aroused
interest was the withdrawal of Offer
ings of rupee exchange by the Federal
Reserve Bank of New York That in
stitution had previously sold exchange
on India to American importing houses
from supply Of 2O,00O,0O0 rupee, OBJ
tanned by the Indian government. The
banks price was 3413 cents a rupee
Since the bank exhausted its supply
the open market rate has advanced to
351a cents, and it is asserted that the
problem Of obtaining exchange on
India with which to make payments
for goods bought there is again Sc
rious.
Exchange on London and Paris con-
tinued steady. Italian lire were easier,
with rather erratic fluctuations There
was little change in Russian rubles.
If you calculate the cost of the dollar
In terms Of foreign money at par value
that is, as if you were buying dollars
with pounds, marks or francs-its value
at the close of last week, as compared
with year ago, would be about as fol-
lows:
New-York tribune., 1918-02-03
Germany Blomes
Foreign Spectators
For Slump in Marks

The latest German newspapers de-
scribe with much jubilation an i'm
provement in the value Of the German
mark, which they claim is without
precedent in the whole history of the
exchange markets. The "Frankfurter
Zeitung" prints table to show the
gain, which is reproduced below. In
this table the figures in the first col
umn represent the par value of 100
marks in the currencies of the countries
in question, except for American and
English money, where the value of the
dollar and the pound sterling is given
in German marks. The present value
Of the currencies of countries at war
with Germany is calculated through a
process of double exchange, like buying
first on Holland or Switzerland, and
then buying there on the hostile land.
The second column gives the value of
the mark around the end of October.
when it was at its lowest.
New-York tribune., 1918-02-03
Stock Exchange Firm Admits
Woman as Special Partner

Among the firm changes announced
yesterday in the weekly bulletin Of the
Stock Exchange was the admission of
Mrs. Clara L. H. Thomas as a special
partner of Clement G. Whitney. of 120
Broadway. The announcement aroused
unusual interest in the financial district
in view of the fact that Mrs. Thomas is
believed to be the only woman member
of Stock Exchange firm.
Kenneth B. Gordon, one of the part
ners of the concern, did not seem to
take the same view of the matter
cit is nobody's business" he said,
''but our own as to why we have ad-
mtted Mrs Thomas as a partner in the
firm of Clement & Whitney. I decline
70 make any statement whatever on the
matter"
New-York tribune., 1918-02-03
cents. together with the intrinsic gold
parity, as calculated by the United
States Mint:

The above rates express the cost of
foreign money in terms Of the Ameri-
can dollar. You buy an English pound
sterling at. say, s4.75h. The intrinsic
parity is $4.S6ss per pound. Thus YOU
say either that pounds are at a discount
or that dollars are at premium. which
Is owing to the fact that in England
the demand for dollars with which 70
settle accounts in this country is great
er than the demand in this country for
pounds with which to settle accounts in
England.
New-York tribune., 1918-02-03
Dividends Declared

Buffalo. Rochester & NEUTRALITY-SUSPICIOUS.
semi-annual dividends of 3 per cent the
common and preferred stocks, both payable
February Is to stock Of record February II.
Cripple Creek Central Railroad.-Regular
quarterly dividends of per cent the pre-
ferred and !. per cent the common
stocks. both payable March I to stock of
record February IS.
Jefferson & Ciearfield Coal Co.-Regular
serni-annuai, dividend of ata per cent on pre-
ferred stock. payable February Is TO stock of
record February H.
Pittsburgh & Lake Erie Railroad-Regu-
lar seni-annual dividend of $3.50 a share
payable February ! TO stock of record Jan
uary %.
American Window Glass Co.-Reguar
sem-annual dividend OF 3i2 per cent on the
preferred stock. payable March l to stock of
record February IS.
New-York tribune., 1918-02-03
Relevant Comment
Big English Banks Consolidate

The Wall Street banking community
was greatly interested yesterday in an
announcement from London, telling of
the absorption by the London County
G. Westminster Bank of PARIS Bank
Ltd The merger Of these two powerful
London banking institutions is the sec
ond amalgamation Of the kind that has
taken place in the last two months, the
National Provincial of England and
the Union, of London, and Smiths
Bank having combined under one head
in the latter part of December. Com
bined deposits Of the London County
& Westminster and PARIS Bank ap-
proximate 100000, according to
the latest statement On June 30 last
the London County & Westminster had
total deposits Of f112,000,000, and
PARIS Bank about c60,O00,000. Invest
ments of the London County Bank ag-
gregated about 935,O00,0O0, those of
PARIS Bank about 9l6,000,00 The
London County L. Westminster Bank
was established in 1886. Its capital
consists of e1a,000,000, in zoo, 900
shares of $50 each. Paid up capital to-
tails 43,5OO,OO0, and the reserve f4,000,-
O0O The chairman of the board is the
Right Hon. Viscount Goschen. PARIS
Bank, Ltd, was established in 1865. 1t
has an authorized capital of f15, 100000,
of which SIP, $50 is issued and g.
423530 is paid up. The banks reserve
fund amounts to f2,100,000. Cecil F..
Parr is chairman of the board, and r..
Hugh Tenant deputy chairman.