davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-08-30
New Haven to Keep Boats

WASHINGTON, Aug. 29.-Authority
was granted to the New York, New
Haven & Hartford Railroad Company
py the interstate Commerce Commits
sion to-day to continue its operation Of
steamer and barge lines through sub
sldlary companies. The railroads peti
tion had been before the commission
since January 6, 1914.
The subsidiaries are the New Eng
land Navigation, the New England
Steamship and the New Bedford, Mar
tha's Vineyard and Nantucket Steam
boat companies. No time limit for the
railroads operation of water lines was
fixed, but the order says action in the
future is dependent on circumstances
and conditions"
New-York tribune., 1918-08-30
Finance r Economics
WALL STREET OFFICE:
Mills Building, IS Wall st.

Ordinarily statement such as
that issued yesterday by Mr.. Nc
Garrah, in which he said that "any
disposition to indulge in speculative
commitments based on borrowed
money must of necessity lead to an
increase in rates that will prove cor
rective," would have caused a seri-
Gus upset in the stock market; but
the market had been so thoroughly
prepared for just such a develop
ment as this by previous action in
the matter of conserving credit that
comparatively little unsettlement
resulted. The statement was no
more disturbing than those which
had previously been made by the
Federal Reserve Board and the vari-
Gus reserve banks, all of which in
dicated that the funds wherewith to
finance big speculative movement
would not be Forthcoming. That, in
substance, was the message carried
by the money pool committees pro-
nouncement, with one important ex-
ception, namely, the implication that
rates would not be held down arti-
ficially as they have in the past in
case Of a sharp increase in the 1e-
mand for Stock Exchange loans, but
reliance would be placed on the au-
tomato action Of the law Of supply
and demand, which applies to credit
as to commodities.
The statement raises one interest
ing question: How high would money
rates go before the corrective"
point would be reached? Normally
the chances are that anything above
the rates now prevailing might dis
courage speculation; but that is by
no means necessarily the case under
conditions which now obtain, for the
reason that there are so many Sc
curities paying abnormal returns.
Take United States Steel, for ex-
ample. When this stock was paying
5 per cent a call rate of or 8 per
cent might have checked speculation
in the issue; but now it pays II per
cent, including the extra disburse-
ments that have been made regular
ly for long time, and the trader
might not consider it hardship to
pays per cent for the money to
carry it if he chanced to be bullish.
Of course, that would not apply to
all stocks, and if there should be a
sharp rise in the call rate it might
easily happen that speculation would
centre mainly in those issues paying
large returns. Banking opinion diff
fers as to how high the rate would
go if all artificial restraints were re-
moved. One said yesterday that it
might easily reach IL per cent; an
other thought that an 8, or at most
9, per cent rate would be sufficiently
corrective"
New-York tribune., 1918-08-30
SOUTH PORTO RICO SUGAR co.

Rico Sugar Company has this day de.
clared the regular quarterly dividend OF
go on the preferred stock. payable in cash
at the office OF Messrs. William Schall
Company, 40 William St, New York City
on October l, 1918. TO stockholders OF
record on September Il, 1918.
The Board has also declared the regular
quarterly dividend Of SO on the comIneSS
stock of the Company. payable in dividend
scrip" on October /, 1918, to stockhodsrss
of record on September u. 1915; suen
scrip to be dated October !. 1918. TO DC
payable on October /, 1921. to bear interes'
at the rate of 10 per annum, payable semi
annually. and to be subject TO redempnSSn.
on any interest day. Such scrip Will pc
distributed to TIE common stockholders py
Messrs. William Schall 6 Company o."
october I. 1918.
F. A. DILLINGHAM; Secretary
New-York tribune., 1918-08-30
General Motors Gyrations

General Motors supplied the sensa
ton of yesterdays stock market by
showing a net decline of ia points
on a turnover of 4,4OO shares. At one
time an extreme decline of 107a points
from Wednesdays last sale was re.
The next sale was at 1924, then fol
lowed another at 14O on a transaction
of 100 shares. This sale suggested
that some one had put in marked
order to buy without thought of the
ease with which the market in this
issue has recently been controlled.
New-York tribune., 1918-08-30
Stabilizing the Franc Continues

Foreign exchange bankers expect
the process of stabilizing the franc to
continue until the discount is reduced
to per cent. That would mean that
the dollar would buy only $50 francs.
At present the ratio is $50 for checks,
the most favorable to France in more
than three years. The intrinsic ratio
is 5.1S13. The discount of sterling
exchange in this market is about 2
Der cent
New-York tribune., 1918-08-30
Money and Credit

Although call money rates were
firmly maintained at to 6h per cent
at the Stock Exchange yesterday, un-
changed from Wednesday, the Bankers
Money Committee was not so active in
making loans, as offerings by the in
dividual institutions were somewhat
larger in volume.
Activity in the market for fixed date
funds was largely restricted to the re-
payment of a few maturing loans,
Rates were unchanged at to 6h per
cent bid.
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 6 3
On industrial col't'l 6I2
Time money (mixed collateraD:
Sixty days .......6 6 4ll@4H
Ninety days ......6 4L2@431
Four months go. 6 43l@5
Five to six months s @5N
Commercial Paper.-On light trading
commercial paper rates held steady
regular maturities.
Bank Acceptances.-A fair volume of
business was done in bank acceptance
yesterday at the following rates:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent. Per cent. Fer cent,
E ieible
m e m ber
banks. .4M@4 495@4A 4ah@4A
ligible
nonmem-
Der banks.4A@41s 47s@4h 4as@4a
In eligible
bank bills.5A@4 5M@4s4 5A@4sz
For delivery within thirty days:
Per cent.
Eligible member banks. .4H
Eligible non-member banks. .... 4sa
Ineligible bank bills.
Sub Treasury. Tho banks lost
$1,456,ooo to the Sub-Treasury yester-
day.
Silver.-London, 49hd, unchanged; :;
New York, 1o1 hc, unchanged; Mexican
dollars, 7S7sc, unchanged.
Discount Rates.-The following table
gives the current rates Of the twelve
Federal Reserve banks on commercial
paper on all periods up to ninety days:
New-York tribune., 1918-08-30
That the Capital Issues Commit

That the Capital Issues Commit
tee is preparing to take action to
check the operations of promoters"
Of fraudulent stocks is a significant
sign of the times. While working
less openly in the last few months,
such promoters" have nevertheless
ignored the regulations controlling
applications for new capital, to
which all legitimate enterprises have
voluntarily submitted, and undoubt-
edly have obtained millions Of dol
lars from the public. It would be
much easier now to stamp out this
evil than it ever has been in the
past, and it is encouraging to know
that the committee has it under con-
sideration, and even more encour-
aging to know that the Investment
Bankers Association is cooperating
heartily.
New-York tribune., 1918-08-30
New York

Price of Stock Exchange Seats I'm
changed.-The Stock Exchange mem
berships of the late Benjamin G. Tal-
bert and of Roy c. Megargel were sold
yesterday for $4,000 each, UNCHANGED
from the last previous sale. The buvers
were John D. Merriman and Jesse A.
RothSchild. "a
New-York tribune., 1918-08-30

The above rates express the cost of
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling at. say, s4.756o. The intrinsic
parity is s4.8G3s 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 Eng
land the demand for dollars with which
to settle accounts in this country is
greater than the demand in this coun-
try for pounds with which to settle ac-
counts in ENGLAND
New-York tribune., 1918-08-30

ment in the foreign exchange market
yesterday, which was marked by lack
of fluctuations. Danish and Norwegian
exchange ruled trife firmer, whereas
pesetas were shade weaker. Rates on
Paris and London were unaltered.
Closing rates yesterday compared
with a week ago, follow:
Quoted dollars to the round.l
New-York tribune., 1918-08-30
St. Paul Again Defers

The regular monthly meeting of the
Chicago, Milwaukee e. St. Paul di-
rectors yesterday provided the usual
lack of information concerning the
status of the preferred and common
stocks, upon which ko action has been
New-York tribune., 1918-08-30
Relevant Comment
Pierce Oil Advances on 'Big Board"

The stock Of the Pierce Oil Corpora
tion, which made its debut on the
Stock Exchange yesterday, was one of
the few issues that was not suscepti-
bile to the afternoon reaction. Open
ing at 16h, it advanced to 17k, where
it closed a point above the last sale on
the Broad Street curb Wednesday.
The stock appeared on the ticker tape
as POL.
New-York tribune., 1918-08-30

It is not impossible-that the Nc
Garrah statement was issued to
forestall action by the Federal Re-
serve Board on the recent request
of certain local bankers for ruling
as to whether they were to regard
Stock Exchange loans as essential.
New-York tribune., 1918-08-30

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., 1918-08-30

taken since the latter part of 1917.
Yesterdays meeting was the eighth
consecutive occasion on which the
board has deferred payments.
New-York tribune., 1918-08-30
DIVIDEND NOTICES
THEpIERCE-ARR0W MOTOR CARO-

quarterly dividend Of two per cent nas
been declared on the preferred stock OF tnls
Company, payable October !. 1918. 20 Stock
holders of record September l6. 1918.
WALTER C. WRYE. Treasurer.
New-York tribune., 1918-08-30
Atlanta. birmingham & Atlantic T.

Atlanta. birmingham & Atlantic In
serest;-h 9lders OF Atlanta, Brming-
lative income bonds have been INFORMED
that prompt payment of the Septembes.
l coupon depends on whether funds are
advanced by that date by the Railroad
Administration. The income bonds
were given in exchange for receivers
certl'lcates of the reorganized companp
Inc Columbia Trust Company is trus-
! tee for the issue
New-York tribune., 1918-08-30

Lackawanna Directors May Negotias
Government COntract.--Stockho olders G
the Delaware, Lackawanna & Western
Railroad. at special meeting yester-
day, authorized the directors to negc-
tiate the contract with the Railroad
Administration providing for FEEDER al
operation.
New-York tribune., 1918-08-30
e4ss*>*<ass>>.s**sn*%$>>>s
Benjamin franklin, ,e,s.

For pant Of nail the shoe mas LOST
For wont Of shoe the horse mas lost
For pont of horse the rider po, lot
For pont of rider the message vo, h,
For want Of the message the battle po, lar.
New-York tribune., 1918-08-30

Bank Of England.-LONDON, Aug.
29.-The Bank of England in its weekly
statement reports an increase in gold
holdings Of fSS0.146. The proportion
of reserves to liabilities now stands at
l7.16 per cent, against 1890 a week
ago. The statement with the changes
from last week follows:
New-York tribune., 1918-08-30

Gold ....... s6s, ,663,o34 Inc. $3.50, 146
Reserve ..... 31,4O7 900 Inc. 10000
Notes res. -. 30,223,O0O Inc. 1000
Circulation :. o9,373,0O0 Inc. $4,000
Public dep. 34,426,000 Inc. 1,221, 900
Other dep. ..135,630,O00 Inc. $4,000
Gov. sec. -. 59,348,OOO Inc. 1852 900
Other Sec 101. .145,OOO Inc. 3O2 600
Bank of France.-PARIS, Aug. %
The weekly statement of the Bank of
France with the changes from the
preceding week follows, in francs:
Gold .... 5,435, 100000 Inc. $4,000
Silver ... 320,470,000 Inc. 1926 900
Circ'n .2e,433, $4,000 Inc. 10, 141 900
Gen. dep. 3,477,211 600 Dec.288 3e2 900
Bills dis. $50, sol 600 Inc. 1e,e13oo
Tr. dep. 29s.559,0o Inc. 1856 ,4s1 900
London Money Rates.-LONDON
Aug. 29-Money was unchanged at 3
per cent. Discount rates were: Short
and three-month bills, 1882 per cent.
Gold premium at Lisbon remained
1900.
The Dollar in Foreign Exchange
A further drop in the rates on Swiss
frsnes vas the outstaudins Asvslen.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1918-05-09
NEUROLOGICAL
SAMMY. NEEDED
IN STATE NOW
Local Labor Supply Sufficient to
Meet Needs of Farmers
for Present
MAY CALL ON ARMY LATER
Reserve Being Organized Which
Will Take in Every Town
and Village

every demand made to date upon
this Office for farm help has been
promptly met" announced John B.
Brown U. S. farm help specialist
for North Dakota. today. "Men have
been supplied without delay through
the Bismarck and, Fargo Offices, and
no shortage Of farm, labor now is ap-
parent. ..., .s 49,.
II have written county agents urg-
ing them to discourage any effort to
procure the assistance Of furloughed
farmers at this time. We have a
sufficient reserve supply of labor in
our cities for the present, and were
we to ask for help from the army
now, it might jeopardize our chances
of getting assistance later on, when
a real emergency may exist. p.
; If the time comes when such need
is apparent, this office will cooperate
with the county agents in procuring
the furloughSof all the, men our farm
ers need, and know we will have ev-
cry possible assistance from the war
department., We have already out
lined plan for the organization of
a farm labor reserve in the towns and
villages of the state, working through
the North Dakota Council of Defense.
A chairman for the farm labor reserve
will be named in each county, and he
will name a chairman in every town,
whose duty it will be to organize re-
serve labor force and to report to the
county chairman the number Of men
available and how many hours work
may be expected from each man. We
expect to have the cooperation of the
bankers in this good work. They can
render effective service, and they al
ready have expressed their sympathy
with the movement. Pledge cards
will be placed in the hands of the
city labor reserve chairman as soon
as possible, and each man who signs
up will receive a farm labor reserve
badge to identify him as a helper"
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1918-05-09
REV. HARRIS TO
ENTER "Y" WORK
Former Popular Bismarck Divine
Relieved of Charge

J. L. Stats, pioneer Montana
attorney who settled in Bozeman IS
years ago, when the town was very
young, is here for a few weeks, as
sisting States, Attorney +. E. Nc
Curdy with the settlement of an es-
tate. Attorney Stats is parish
ioneraat Bozeman Of Rev. C. w. Har-
ris, for many years the beloved past
or Of the First Presbyterian church at
Bismarck, and he has from the form
er Bismarck divine letters of introduce
ton 70 many prominent capital. city
folk. Rev. Harris, Mr.. Stats reports,
has applied for appointment as relig-
ious work secretary in the Y. NJ. c..
A., for overseas service, and the
trustees Of his church at a meeting
this week will grant him years leave
with the assurance that his charge
will be. open to him whenever he can
return. Mrs. Harris will remain in
BoZeman a few weeks following her
husbands departure and then will go
to California to reside until his return
from the wars. Attorney Stats went
to Rozeman, a young barrister from
Iowa, enc year in advance of the
No. them Pacific railway, and he has
grew! up with his town.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1918-05-09
SERGT., H. RHUD "
WOULD LIKE TO
SEE FIELD HERE
Bismarck Flying Man Says Con-
ditions Surrounding Fort
Lincoln Are Ideal

fort Lincoln would certainly be an
ideal location for flying field,' said
Sergt. Henry NJ. Rhud when he ar,
rived in the city this week from Tall.
aferro field, Texas, and learned that
the North Dakota Council of Defense
was advocating the, use Of the army
post for this purpose. Sy~
"The air up here is wonderful !
coull feel it surglng through me like
a tonic the moment struck the Da,
kota country said the Bismarck fiji
ing man 81 don't wonder that souti:
ern people slow down after living a
few years in that climate
Sergeant Rhud won his stripes with
in three days after reaching camp. He
is veteran of the North Dakota ma,
tional guard, and his ability to handle
men was promptly recognized He
has since been busy giving recruits for
the aviation section the infantry drill
and manual Of arms. He has been up
several times, but always with an eX,
perienccd pilot. His first ten weeks
were spent at Kellyfield. He then
was transferred to Waco and later to
Taliaferro, an old English field
ABANDONED by the British as imprac>
ticable. but which the Americans have
made go. OF the three fields Kelly is
the largest.
Landing conditions here would be
far superior to those several south
ern camps where trees are felled and
stumps bl@stod out to supply cond:
tons natural to North Dakota.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1918-05-09
i. s, A. ACCEPTS
HUN CHALLENGE;
GRAINSHIPPED
Virtual Armed Blockade Against
Switzerland Ignored; Two
.. Boats Go Across

Berne, Switzerland, May S.-Pleas-
ant A. Stovall, the American minister
to. Switzerland, has notified the Swiss
government that shipments Of Ameri.
can grain for Switzerland are to con
tinue, even, within the next three
months, a period Of delay Germany de-
clared to be necessary for the COM
munication of orders to German sub
marines concerning the future safe
conduct of the grain Ships with car
goes for Switzerland. The American
note declared this delay would be
equivalent to maintaining an armed
blockade against Switzerland ana
adds: ~
''The government of the United
States accepts the challenge. Two
ships flying the American flag are at
the present moment on their way to
a rench Atlantic port loaded with
wheat for Switzerland, escorted by
the American navy
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1918-05-09
TAX BOARD OUT
AFTER XAISER'S
DAKOTA MONEY
Commission Cooperating with
Alien Property Custodian
at Washington

The state tax commission is cooper
ating with Francis p. Caravan, director
of the bureau of Investigation, alien
property custodian, Washington, in a
still hunt for enemy money or proper
ty in North Dakota. L. A. Bal er Of
the tax commission has addressed to
the county auditors Of North Dakota
a letter directing local tax assessors
to report to Mr.. Garvan Immediately
any enemy money or property which
they may locate or any information
that will lead to it's location. All in
formation regarding this class of
property, even if only an ,unverified re-
port, SHOULD Immediately be sent to
the Washington address of the direct
or of the bureau Of investigation,
states the tax commission, whose let
ter concludes: 1T is the patriotic duty
of all Of us to assist the government
in this matter" ..rrr
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1918-05-09
FROM EUGENE MORRIS.
y April IS, 1918.

tg April is, 1918.
Dear Mother:
Yesterday I received a letter from
Bonnie dated March %, and today !
received one dated March Ia, SO you
see how our mail comes to us. 1t is
no fault of ours, nor the U. S., but the
delay is caused in this country by
the way they carry it around. and
since we are split up it goes to differ
ent places before we are located. We
cannot allow anyone to know where
we are.
/ sent a ca5legram March Z, the
Sunday after | was operated on, and
as Bonnie has not spoken of it III
her letter Of the 23rd doubt very
much if you received it. Anyway
am well and don't want you oworry.
Am feeling fine now and beginning to
get fat. You need not expect 81 many
letters for really cannot compose /;
letter for the lack of news. I'll wire
YOU often as it doesn't cost much. The
last cablegram cost sos; that's not
$3.50, but s francs and Is centimes,
making it cost about $40, and | can
say nearly as much by wire as by
letter.
You may as we'll send papers to me
for we are bound to get them some
time or other. What do you think of
the Stars and Stripes paper? You
may give some to Mr.. Knappen.
Had letter from Mr.. Eattey today,
and he speaks well of his new posi-
ton, also the town. hear from hin:
unite regularly. If there is anyone
who would like to hear from me tell
them to drop card for then | can
think of writing to them; it is so hard
to write to anyone without hearing
from them. Havo tried to write to
everyone back home.
20 not believe any rumOrs OF the
different ones being injured or killed
unless it is printed in the papers. We
have received so many letters and in.
quiries as to how Lloyd Harmon AMI
others We're injured. He is just as
alive as ever and feeling fine, the
same with the rest of the boys.
Bill sends his best regards to Dad,
also another fellow by the name OF
Jno Slavick who drove papa out to
Flasher while working for the |. II.
Co.
Have mailed some Easter cards t.
many at home, and hope they receive
them all O. X. When at rest camp ::
saw all of the old Company boys,
and they are O. X. Give my regards to
the rest of the people I know.
Lovingly.
GENE.
Eugene r. Morris,
Co. A, l64th Inf.
A. f. f.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1918-05-09
MEXICO ORDERS
AMERICA NS0U'T
OF THEC0UNTRY
Officer Of Bureau of Public In
formation and A. P. Man
Are Expelled

Washington, D, G.. May S.--Unoffi-
Gial ,advices received here tell Of ALI
order for the expulsion from Mexico
by the Carranzan government of Rob,
a"' II. Murray, the representative Of
The committee on public information,
y Merico City, who in that capacity
has heen in charge Of the work con
duc'ed by the American government:
% 1fisct German propaganda.
L.. The same time the unofficial:
a',iccs say. one of the correspondents.
Ct the Associated Press in Mexico
City, W. L. Weigand, also was ordered
to leave.
The expulsion of both men. it was
said. was ordered under the 33rd sec
ton OF the Mexican constitution
which provides for the summary d.,
ror alton OF "perpicous Foreigners,
Without trial or bearing g.nr...
TWO BUILDING PERMITS