davidaulloa/AmericanStories huggingface dataset:
The Fargo forum and daily republican., 1918-06-03

A joint meeting Of the Ladies Aid
society and the Missionary society of
the First Baptist church will be held
in the church parlors at o'clock,
Tuesday afternoon. All members Of
the two societies are asked to bring
their Red Cross knitting with them
to this meeting. The hostesses for
the afternoon are Mrs. F. L. Gridley
and Mrs. D. L. Math.
The Fargo forum and daily republican., 1918-06-03

Mrs. F. v. Hutchinson. Seventh
avenue south. has returned from Mi
not and Sherwood. where she has
given a series OF reading recitals. un-
der the auspices OF the extension de-
partment of the state university. At
Minot a recital was also given at
the Methodist church under the aus
pices Of the Christian Endeavor So
cfety,
New-York tribune., 1918-04-10
Higher Rates for Swedish Rvs

The Board Of Managers of the Swed :
ism state railroads has filed with the
royal government proposition for the
announced increase of the temporary
additional railroad tariff charged by
the state railroads. According to the
proposition. there is 50,OO0,o00
crowns ($l3.400,0 10000 increase in the
expenses that will have to be covered.
and IN such Il case the additional
charges would have to be collected, ac-
cording to one alternative, by 22O per
cent for express goods and freight
goods, and, according to another, by
200 per cent. 1t is calculated that
there would be surplus of 24,OoO,0
crowns If the first alternative be ap-
proved and surplus of 100000
crowns if the second is sanctioned.
According to the first alternative, the
tariff for passengers should be raised
AS follows: For the first class, by 22O
per cent; for the second class, by 100
per cent. and for the third class, by
10 per cent. According to tho second
alternative the increase would be, re-
spectivcly, 200, $50 and 100 per cent.
These increases are rcckoned on nor
NAL prices, and do not mean, for cx-
ample. 220 per cont of increase over
present prices.
New-York tribune., 1918-04-10

thc older company. shows gross n
si64 ,42o. compared with s393,S27 fl,
the same month of the previous var.
Net earnings were s193,734, an incre.,.
of $6,456 over February of 1917. C,o,,
earnings for the twelve months amonr,
ed to S4,S07 ,233, compared with S4aai
932 for the twelve months ended Feb
ruary %, 1917. Net earnings for II,
period were S2,062,706, compared with s
$2,046,702 for the corresponding month,
OF the preceding year. '''
New York, Ontario & Western R,u
way Company.-The annual report f.,
the year ended December 81. 1917
shows operating revenue Of ssls4sH
compared with ss.794,166 for the wear
before. Net operating revenue amount
ed to s2,544,299. after operating ey.
penses Of s6,620,579 had been deducted
compared with S2,593.413 for the pre'
ccding year. Operating income was
$2,227, ,676, compared with s2,324,736 70.
1916. Other income was S272.S26. com.
pared with $1S4.134 for the previous
year Interest, rents, etc, amounted to
81. ,034, leaving a net income Of
S977,46S, or s1.6S per share, compared
with SS39,5S equal to Sl.i0 per share
for the year before.
New-York tribune., 1918-04-10
New Zealand's Crops

Consul General Alfred A. Winslow,
stationed at Auckland, reports that
according to late returns, it is csti-
mated that the total yield of wheat in
New Zealand for the 19l7-'1s harvest
will be approximately 1900, 900 bushels,
Is against 5,o5l,227 bushels for the
191s-17 harvest; and oats, approxi
Inately b,368.000 bushels. az compared
with 5,37l ,436 bushels for 1851.
II - estimated that the average yield
Ior wheat per acre for the Dominion
Tor the 1917-Da season viii be 2735
bushels, and 1926 bushels Of oatg. as
compared with 23i9 and 30.2s bushels.
respectively, for the 1867 season.
1hc outlook seems promising. and it
does not seem that there viii be anv
yhortage Of either Of these crops. and
in fact it seems TO be probable that
there will be about 100000 bushels
surplus IN wheat for the present
gedgON.
New-York tribune., 1918-04-10
London Money Market. LONDON
Elections

Henry D. McEldowney has beer
elected q director Of the Chicago q
Northwestern Railway Company, sue
ceeding the late James Stillman.
Charles H. Ewins has been elected
director OF the Booth Fisheries Com
pany.
I. c. du Pont. Louis J. Horowits'
George T. Mortimer, l.. l.. Dunhanil.
Thomas Morch, c. Y. Coley and LOUIS
B. Daley have been elected directors
Of the Equitable Office Building Coi,,
poration. Colman du Pont was eiec'ee
chairman; George T. Mortimer, pres
dent; Thomas Morch, vice president n n
l.. Durham, secretary, and William =. -
McElhlnny, treasurer and ass's'S''
secretary.
At the annual meeting of stoestt
holders yesterday the appointment .ss y,
Howard Elliott as director 20 M ", .',
uneNpired term of William 5. cd ".
the two years from April 9 was ap
proved. George T. Slade was eie;.,s
director for the same period IN p''''
OF the late Grant b. Schley.
at the annual meeting of the Oi.S, .Se
Bag and Paper Company yesterday ~. -.
retiring directors and officers were ~
elected.
New-York tribune., 1918-04-10
Danish Income Taxes

Indicative Of the rapidly growing in
comes of the Danish people are the
the city OF Copenhagen, as shown in
statement of the tax director From
this report it appears that the number
of municipal taxpayers has increased
during the past year by 10000 and
payers of state taxes by 10000; also
that incomes subject to city taxes have
increased by s55,o00,ooO and to state
taxes S49,000000. In 1916-1917 the
sworn incomes for tax purposes in the
city of Copenhagen totalled S112,OOO,-
600; in 1917-1918 they were $1G7,O ,O0O.-
900. Taxable property has increased
during the past year from $353OO0,0O0
to $435 100000.
New-York tribune., 1918-04-10
Erie's President
Approves Federal
Railroad Control
Says Carriers Fare Better
Under Government Opera
ton That Ever Before

Under government control the rail-
roads will be better off than ever be-
fore. f. ID. Underwood, prcsidcn of the
Erie system, told stockholders at the
annual meeting Of the company yes
terday. Among the benefits that will
be enjoyed, he declared, will be intel
llgent supervision by a centralized body
and much needed improvements in the
physical condition of the various prop
critics. Political batting, he also said,
should now cease.
"Compctition will be done away
with,' Mr.. Underwood added, "and
many inequities that have grown up in
the operation of the railroads will be
eliminated. The railroad air will be
purified. For the first time railroad
affairs are being dealt with by railroad
men, instead of political hacks who
were not fitted by thought or training
to handle railroad matters"
Wants Dividends on First Preferred
J. Miller Kenyon. prominent stock
holder of Washington, D. c.. introduced
resolution, which was unanimously
approved, calling upon the directors
to make application to the Director
General of Railroads for permission to
pay dividends on the first preferred
stock, of which SAT 1892 400 is outstand-
ing. The resolution stated that the op-
Grating revenues of the road showed
that preferred dividends had been
earned over the last three years, and
that the "just compensation to be al
lowed by the government was sufficient
to provide disbursements on the pre-
ferred issue.
Mr.. Underwood said that Mr.. Ken
yon's memorial would be laid before
the directors at their next meeting.
"On every hand" he added, "thcre
is prospect for more earnings. After
watching the Eric Railroad for fifteen
years and comparing what it had in
the way Of business and plant then,
and what it has in business and plant
to- day, I am convinced that the stock
has greater intrinsic merit than ever
before"
Publication of the annual report has
been postponed until the terms of the
company's contract with the govern
ment, as provided for in the scheme
of Federal operation, can be inserted.
1t is expected that the agreement will
be made public at a special meeting
called for April %
New-York tribune., 1918-04-10
Corporate Returns

Great Northern Railway. The com
pany's report for the month of March
shows gross earnings of Se,4So,G sos, an
increase of $4S2 sos over the corrc-
spending month of 1917. Gross earn
'ngs for the three months ended March
81 amounted to s17,2S2,S99, an increase
OF $671, ,529 over the same period Of tho
preceding year.
Jewel Tea Company, Inc.-salcs for
the four weeks ended March % amount
ed to $l,20l, ,5l5, compared with s1.2l5.-
35l for the corresponding period of
1917. Sales for the twelve weeks .nded
the same date were 1851 ,023. a de-
crease of $45,lG6 from the same wccks
of the year before
Southwestern Power and Light Com
pany.-Thc February report of the sub
sidiary companies, excluding figures of
New-York tribune., 1918-04-10
Sharp Drop in Net
OF New York Central

Although gross revenues of the New
York Central system in February we're
the largest for the month in the his
tory of the road, net fell off sharply.
owing to the increasd COSY of operation
February gross was S28.455,S14, against
$2494S,261 IN the corresponding month
of 1916. Net after taxes amounted to
81 ,499,355, compared with Sl,81S.392 in
February, 1916. Gross for the first two
months of the current year was S54.-
933,937. against $54O49, ,189 in the cor
responding period of last year. After
tax deductions. there was a deficit of
$26S,421 for the two months, compared
with surplus of S8,035,135 in the same
period Of 1916
New-York tribune., 1918-04-10
Te!cph none:
Hanover 6514

ness letter because, once started, it is
certain to make rapid strides during
the progress of the war. 1t is frank
ly conceded that in the two prime
essentials Of credit and food our al
lies in this righteous war will be
more dependent upon the resources
of the United States than at any
time in the last two years. In order
to achieve a successful outcome of
the struggle greater demands will
also be made upon our man-powcr
than contemplated just year ago
this month. Capital and labor must
therefore prepare msclves to face
the probability of greater economic
and social changes than any yet OK
perenced, and both must defer con-
sidcrations of after the war condi-
tions to the present necessity of win
ming the war.
New-York tribune., 1918-04-10
Chihuahua Smelter Blows In

Improvement Of conditions in Mexico
mas made it possible for the American
Smelling and Refining Company to
resume operations at its chihuahua
smelling plant after lengthy suspcn-
sion due to the activities of bandits in
that particular district. Officials of the
company expressed the opinion yes5er-
day that operations from this time on
will proceed without interruption. AS
regards tie smelter at Aguascalientes.
it was stated that the company has de-
cided to make 4 voluntary contribution
of 81. 500 gold monthly over period of
year to the State of Aguascalientcs
TO expedite the restoration of a stable
government. In return the state au-
thorities have annullcd a law by which
an attempt was made to levy a produc-
ton tax Of $4,000 gold monthly on the
output Of the Aguascalientes smclter.
New-York tribune., 1918-04-10
New Northwestern Directors

CHICAGO, April Marvin Hughitt
to-day resigned az chairman Of the
beard Of the Chicago g. Northwest
ern Railroad. Stockholders in annual
ses,ion filled the yacancicg on the board
eAused by the deaths Of james Still
man and /cnas Crane by electjng f. d.
Hubert Chicago, and Jamcs McEldow.
ney, FittsburHh. Six other directors
whose terms "Hpired wlrc reeiccted.
The cbairnanstip Was left IN abeyancc.
New-York tribune., 1918-04-10
The Dollar in Foreign Exchange

Exchange rates moved against Italy
yesterday, lire checks declining to the
equivalent of S.91 to the dollar, the
lowest price IN weeks. Spanish pesetas
to 26.15 cents for checks. The rest Of
the market showed no important
change.
Closing rates yesterday, compared
with 8 week ago, follow:
(Quoted dollars to the pound.)
New-York tribune., 1918-04-10
Dividends
Regular Declarations


Marconi Wireless Telegraph Compsm .hs
America. Dividend of , per cen' "" ~. ef
outstanding stock. payable August ! .t stecl-
,he surplus profits of the company I"
holders OF record July l5
American Navigation Company. eAnri
20 10 stockholders Of record April 10. =
Austin. Nichols & Co.-ouartsrly. ly.,sE sIs'rs psy-
o. = per cent or the preferred s,oes nd Il
able May 80 stockholders OF record i'p'. ..,,s
). herr Lake Mining Company y.-9nIi. nis Jurs
GlNidend of - cents per share. pay
10 to stockholders OF record June l. .,s
pittsburgh Brewing Company tod.
OF - cents per share on the prcie..i,. rsy.
completing payments on back dividenos. s,..eurd
able April SO to stockholders OF
April -. ..,.
Charles Warner Company.-ous.ses.rwd IA ~.
oend OF IN per cent on the nss. nss.ss SIS y
ond preferred stock, payable Aprn
stockholders Of record March III
New-York tribune., 1918-04-10
Investigating Liberty Bond Sales.

The business conduct committee Of
the Stock Exchange has taken cog
nizance of the recent weakness in the
Liberty 4 per cent bonds by transmit
ting to member firms a qucstonnaire
requesting information regarding trans
actions on April ., 3. and 5. The
data sought were date Of trans
actions. amount. price, customers name
and address, from whom bought or to
whom sold, and the broker in the trans
action. 1t was explained by exchange
ofhclals yesterday that the chief pur-
pose of the business conduct commit
tees questions was to cooperate with
the government in trying to learn If
any OF the recent selling was part of
the general scheme of German propa
ganda, and il so to put forth every
effort to ascertain the identity of the
sellers. Selling pressure on the bond,
was again in evidence in yesterdays
market, the low price of the day being
$500. with the closing sale at SO. com
pared with Mondays low price of 1898.
A Mobile Bank for Soldiers.
The Guaranty Trust Company has
had an automobile bank constructed
for use at the front in France.
The travelling banks. it is expected viii
be of great assistance in transporting
money to the various camps. 1t will
also be going to and fro behind the
battle lines and viii enable the Amer
lean soldiers 20 cash their checks
or buy drafts or the spot. The frame
of the flying" bank is built of oak
and the exterior is covered with thin
plates of sheet iron There are two
paying windows and an adjustable
counter at the rear Of the car.
New-York tribune., 1918-04-10
Relevant Comment
Anthracite Receipts Heavier

Receipts Of anthracite at tldewater,
which last week reflected lessened min
ing activity, are getting back to where
they were during the second half Of
March, according to "The Coal Trade
Journal" This condition has been
brought about by the efforts of the
consuming public to get its supply of
coal for next winter in we'll ahead of
time. 1t is predicted that retailers will
be continually behind on their orders
for domestic sizes through the spring
and sumner "The city fuel administra-
tors" says the publication, "arc flood
ed with applications from apartment
house owners and other consumers who
want permits to store surplus stocks IN
back yards, areaways and other places
which are not ordinarily used for coal
storage. This indicates not only that
buyers are eager to accumulate all they
can, but that some of them are meet
ing with fair success, having already
Tiled thei- usual storage places
New-York tribune., 1918-04-10
Money and Credit

Offerings of call money were more
liberal at the Stock Exchange ycster-
day, the ruling rate being 5 y per cent,
compared with 5M on Monday. Toward
the close, after the bulk of the demand
had been satisfied, the rate fell to 81
per cent
Banks continue to show reluctance in
the matter of increasing commitments
in the time loan market, with the re-
suit that offerings of fixed date funds
are extremely limited. A few loans
we're reported yesterday at 5$t per cent
for periods less than the regular matu-
rites. Some renewals were made at G
per cent for sixty to ninety day loans
Ruling rates for money Yesterday
compared with year ago. were as fol-
lows:
New-York tribune., 1918-04-10
keystone Telephone
News Digest
Foreign
London Market Firm
LONDON,

London Market Firm. - LONDON,
April 9.-The stock market maintained
a firm undertone to-day, but fears were
expressed that the man power scheme
will further cut down the already de-
pleted stats in the financial district
British funds we're good. especially
cclonials, while japanese bonds were
firm, and some Spanish issues reached
record figures on the decline in ex-
change. Interest in the other sections
was confined to tin mines, ii which
there was q larger business at rising
prices.
London Money Market. LONDON
April O. Money was plentiful at per
cent and discount rates We're easy, with
short and three months bills at 39.ie
per cent. Gold premium at Lisbon, lSV'
Paris Bourse.-PARJS, April o
Trading was quiet on the Bourse to-
day. Three per cent rentes. 50 francs
for cash; exchange on London, - franc
1872 centimes; per cent loan, q
francs 10 centimcs.
New-York tribune., 1918-04-10

Finance Economies

Money market conditions have not
exercised much influence on the stock
market of late, but there is strong
probability that they will hence
forth, for the supply Of funds at
this centre available for Stock En-
change loans will be scant for some
time to come. The demands upon
the money market are sure to be ex-
traordinarily heavy during the re-
mainder of the governments fiscal
year. Financing the Third Liberty
Loan will temporarily absorb a
large part of the available supply of
credit, and before the loan campaign
is completed, or shortly thereafter,
the demand for funds to meet in
come and excess profits taxation will
be enormous. 1t is estimated that
total payments will be close to. and
perhaps in excess Of, $4,000, 100000,
and, while it is true that a consider
able part of this has really been paid
in advance by the purchase of Ger
tifcates Of Indebtedness issued for
that purpose, the strain on the
money market nevertheless will be
severe. Meanwhile, under the infu-
ence of favorable weather and i'm
provement in transportation, indus
try is speeding up rapidly and its
credit requirements are likewise in
creasing. These are conditions which
apply to all sections of the country,
but there is a special condition ap-
plying to New York institutions that
is likely to make it necessary for
them to further restrict loaning
operations. That is the heavy with
drawal of funds by interior banks
resulting from the recent fixing of
maximum interest rates on deposits
of out-of-town institutions. Many
New England banks, for instance,
have transferred accounts from
New York to Boston, Local banks
and trust companies state that
losses have been very heavy; no.
enough to cause any embarrassment,
but sufficient to make it necessary to
exercise greater care in making ad-
vances. Under the circumstances
the supply Of funds for Stock
Exchange purposes is bound to be
limited, especially as the banks,
acting on official suggestions, are
limiting loans as far as possible
to essential businesses. This will
make for continuation of the inactiv.
ity that now prevails. Wall Street
is resigned to that, however. Its
opinion of the outlook takes concrete
form in the privilege market, where
"spreads' on normally active stocks
are narrower than they have been at
any time since the war began.
New-York tribune., 1918-04-10
St. Paul Financing Unlikely

Reports yesterday that the Chicago,
Milwaukee & st. Paul Railway Com
pany was considering new issue Of
equipment trust certificates Of approx
mately S10.000,00O were given little
credence in banking and investment cir
cles. In addition to The difficulties any
open market Offering would encounter
for some time to come it was pointed
out that the st. Paul on any other road
should look TO the government FOR aid
in financing purchases of equipment,
especially in view of the fact that un-
der the plan of Federal operation equip
ment is moved from one line to another
''Whcn and as needed''
New-York tribune., 1918-04-10

y
the Peoples National Bank of Pitts.
burgh:
Business is steadily acquiring a
mental habit growing out of the ne
ccssities Of state Of war which will
prove vital factor in it's prosecu-
ton. The velocity of the intellectual
and spiritual habit forming move
ment will have a direct bearing upon
physical developments on and behind
battlefronts. 1t is only necessary to
recall some Of the events early in the
war which occurred first in Germany
and later in England to appreciate
the distance already covered by men
tai processes in this country. Every
body remembers the complaisance of
the United States in respect to assured
food supplies which accompanied the
news that the people of Germany
were compelled to use bread cards in
order to obtain daily supplies. A
similar feeling was experienced when
the German government comrnan-
deered the gold supplies of that ma
tion and made it a crime for an in
dividual to retain in his possession
this medium of international ex-
change. 1t was something of shock
to the Anglo-Saxon idea of the right
of individual contract when the Brit
lsh government prohibited its bank
ers from assisting any enterprise
within or without it's dominions with
out first receiving approval of public
authority, and the amazement grew
when the English government virtual
ly compelled individual investors, es-
tates and financial institutions to
change the form of their external
investments by a substitution of war
loans. These and other epoch mark
ing invasions of assumed individual
rights and personal privileges were
contemplated almost with indiffer-
cnce in the United States because of
our assumed immunity. They were
accelerated abroad by the imminence
of national danger and the necessity
for defence. We were out of mental
perspective, and were slow to form
the habit of mind essential to the
oneness OF nation engaged in mod
crn warfare. Now we have our own
whcatlcss and meatlcss days; our re-
strictions upon individual ownership
OF food supplies; our prohibition
against boarding; our surrender of
private ownership Of transportation:
our requirement Of trade licenses.
foreign and domestic; our zone sys-
TEN for the distribution OF fuel; our
price fixing for the exchange of COM
moditics; enforced personal service
IN the army and obligatory sclf-dc-
NAL on the part Of non -combatants
And AZ nation we are acquiring n
mental habit which, if it does not in
every instance bring enthusiastic
support TO the new order Of things,
supprcsscs concerted opposition.
This intellectual and spiritual
habit forming proccse now 80 obvious
,s referred TO in an avowcdly busi-
New-York tribune., 1918-04-10

Silver.-Bar silver in London was
45Ad, unchanged; New York, 93asc. un
changed; Mexican dollars, 73a4c, un-
changed.
Sub-Treasury.-The banks lost to the
Sub-Trcasury yesterday s435,OOO.
New-York tribune., 1918-04-10

na1IH Acceptances.-Thls market was
qulet yesterday. Rates were quoted as
follows: ''
Thirty Sixty Ninety
spot de- days. days. DAYS
=, livery; Per cent. Per cent Per cent.
IN G m Der
banks :. .4ll@4 4is@4I. d.. m1I
E ig lie y 10
non men,
Der banks.4 @4Ia 4,E@4J, a. MdA.
In eligiblc 10
bank bills.5A@4a4 5I4@4s4 5A@4s4
For delivery within thirty days:
New-York tribune., 1918-04-10

Discount Rates.-The following table
gives the current rates of the twelve
Federal Reserve banks-irst, on com
merclal paper for all periods up to ff
teen days and on sixteen to ninety dav
paper; second, the rates for rediscounts
OF loans secured by United States gov
ernmcnt notes or bonds:
New-York tribune., 1918-04-10

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: