davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-02-11
Southern Farm Values
Enormously Increased bv
Growth in Production Due
to War

In view of the fact that the South
has been producing maximum crons
and receiving therefor exceptiona1lv
high prices for the past several wears
the trend the n asst year has been. nat
urally, to add materially to the valno
OF Southern farm lands.
The result Of the past seasons farr,
ing operations has been the most hein.
1ul IN all the history, perhaps. of tbe
%o1Io agriculture. and the outlook for
ehe coming season is none the less nat.
lerlng: The farmers are maxim,
enough money to buy the land two or
shree times over from one crop. and
we inevitable result that will coma
from this situation is an advance ~ ~
values of land. Ne ~ 'ie
Consequently, when economic outho.
at!es f begin to figure up the net result
OF the achievements which have hoar
scored IN the South during the past
lew years, they find themselves
seunped when they try to compute the
srea,iy increased values of farm lands
"h,cn run up rapidly into the millions
aho hundreds of millions Of dollars
Aho.her situation that develops alony
"i'n " the improved rural sections in tho
Houth, is the attention that is he;na
oirected toward the South bv neonle
from all parts of the globe. and espa.
claily OF the Northern and Western
parts OF the United States. Unnues.
u!onaoly, thousands of these will make
" their aim to secure a home in tba
south with the greatest possible dis
patch F'''''e us
n movement was launched at the an
New-York tribune., 1918-02-11
British Investors Are
Puzzled Over Moral
And LegalL liability
Governments s Plan to Meet
Russian Bills Causes Re-
sentiment


Recently when an issue Of Russian
Treasury bills came due in London tn,
British Treasury arranged to meet tn
maturity with an issue Of its owl
short term notes. According to the fol
lowing which appeared in "The Londol
Daily Telegraph" the transaction ha
not met with the entire approval of tn,
financial community:
1t cannot be said that the holders of
either Russian credit or Russian Treasury
on which the government has agreed to
take them over. Under the commercial
credit arrangement in 1915, with view
TO assisting the Russian exchange, the
leading joint stock banks were induced to
lend their names acceptors, which at
once enabled the credit bills to be dis
counted on the most favorable terms, and
far more cheaply than was the case with
the Russian Treasury bills, which were
merely an obligation of the Russian gov
ernment. The suggestion that they should
DO 80 was understood to originate from the
government in order to give practical proof
OF our desire to alleviate as far as possible
the financial burdens of our ally, and only
a rev lnstitutlons had the temerity to re-
1use TO yield to the persuasion that was
used. The case for the holders of Russian
Treasury bills is that they were offered
through the Bank of England. with the
express approval of his majesty's govern
ment, and it was therefore assumed that
the government would recognize its oblpa
tlon IN such an event as is now occurring
Mr.: Bonar Law having stated that "in
tne circumstances Of the issue we have a
certain moral responsibility it seems a
plty. aftcr such recognition. that the gov
ernment should treat the holders of the
Diiis IN a niggardly fashion. We have not
nitnerto been accustomed to discriminate
between moral and legal liability on the
part OF our government and though tax
payers may welcome the Treasury's ATTEMPT
~ economlze. there is a grave danger in
antaRonlzlng those whose support is still
urgently needed in order to win the war.
And there is no doubt that feeling of re-
sentiment has been created by the offer of
per cent Exchequer bonds, which Tempo
IA rar''? sho" substantial loss of capital
mere are all sorts Of reports that before
the State Bank and other banks in Petro-
grad and Moscow were seized the bulk of
their stocks of gold was safely sent ont of
the country and that a great deal of Rms
sian gold Is now in London. Paris and New
York. We can only hope that these reports
have some foundation. but even if the pod
IS here. who has the power to order its
appropriation for the payment of Treas
ury bills
nder the arrangement made by thu
British Treasury the 1lO,OO0.OOO issu,
of Russian Treasury bills falling due
on January % were accepted at the
Bank of England in exchange for like
amount of British Excheouer bonds
bearing interest at 3 per cent and re.
payable at par in 1880. This had to be
cone because the present Russian gov.
ernment, failed to make any provision
to meet the maturity.
New-York tribune., 1918-02-11
Better Agricultural Methods
Being Taught Siberian Farmer.

The cooperative unions in Western
SIBERIA. IRON their original work of
furnishing agricultural implements
building repair shops and twine fac
tories and kindred measures, have as
sumed broader field, and have created
an agricultural programme of the
zemstvo type. Attached to the Altai
Central Credit Union, in Baraoul, says
report from the American Consulate
General at Moscow, is Il special de-
partment, the staff Of which includes
an agronomlSt, an instructor in do
mcstic science, Instructors in animal
husbandry and an Instructor in the
technical functioning of agricultural
machinery. There are also assistant
instructors. Members Of the staff lect-
ure IN the several sections of the dis
trict on varied subjects Farmers are
urged TO breed better cattle and are
SHOWN how to improve their stock. Con-
troll unions are advocated Improve
ment in cattle food is sought by expert
ment. Experiments in vegetable rails
ing arc conducted, and plan has been
drafted for establishing testing
laboratory of the Altai Union of Coop
cratlvcs jointly with the local agricu-
tural society The department further
plans TO give short courses in agricult-.
ure and ANNA! husbandry; to establish
breeding stations for cattle horses and
swine; to enlarge the repair shops, and
to conduct experiments with fertilizers.
The Union of Western Siberian CO.
operatives IN Omsk has decided to
establish IN that city special economic
and commercial departments TO i'm
prove agricultural methods, to prepare
agricultural exhibits to organize the
sale Of agriculture products. TO pur-
chase the common articles needed by
the peasants and 10 arrange their dis
tribution.
New-York tribune., 1918-02-11

Money rates have been firmly
maintained during the last week,
with continued scarcity of offerings
for fixed periods. The banks, now
that Secretary McAdoo has called
upon them to set aside I per cent
week of their gross resources for
the purchase of offerings aggregat-
ing $3,000,O0O,OO0, have been COM
PEELED to scurtail the extension of
credit accommodation to private in
terests. Moreover, the Federal Re-
serve Board at Washington has
asked all members of the system to
make no loans of constructive
nature and to pare down the extern
sion of credit to non-essential indus
tries. This, of course, is in line
with the general programme of Civ
ing the United States government
right of way in the capital market.
Bankers on all sides have notified
Secretary McAdoo of their willing
ness to cooperate with him in the
sale Of the Treasury certificates. 1t
is not expected that money rates
will be unduly affected by the sale
of the Treasury certificates, although
there will of necessity probably be
great shifting Of outstanding bank
loans. 1t is reasonable to assume
that the bankers money committee
will put forth efforts as they did
during the second Liberty Loan cam
paign to keep the money market on
an even keel. The machinery of the
5000, 100000 money pool organized
last fall is still intact and ready for
use. Call money at the Stock Ex-
change last week was as low as 8
per cent, although the average was
around Az per cent The market
for fixed date funds continues on a
nominal basis, owing to the small
supply of available funds. Rates on
loans Of this character were main
tanned firmly last week at 5A to 6
per cent.
New-York tribune., 1918-02-11
Popularizing Cornmeal
I'm the Canal Zone

For the purpose of encouraging
Eousekeepers to use cornmeal in order
to conserve the supply of -four the
oommissary division of the Panama
Canal has installed grist mill in
Cristobal, Canal Zone, which has a ca
pacity of 1000 pounds of meal day.
This meal, which is put up in two
pound packages and sold at 6 cents a
package, has the double advantage Of
being cheaper and fresher than meal
purchased in bulk. "The Panama Canal
RECORD" is publishing from week to
week recipes for preparing cornmcal as
or article of food, the issue for Feb
ruary containing as many as seven
teen of these recipes. The Cristobal
commlssary store reports that an in
creasing number of people arc purchas-
Ing the cornmeal packages.
New-York tribune., 1918-02-11
Flour Restrictions
On Ships Removed
those Using Three Barrels a
Month Will Receive Bakers
License
lStof CorrespoalGe1.ceI

WASHINGTON. Feb. o Steamship
owners and charterers have been noti-
ned by the United States food admin
istration that all vessels on which IS
much as three barrels of -four is used
each month will be required to secure
bakers licenses. This step is taken
under the Presidential proclamation OF
January 30, extending the bakery
licensing regulations. and will enable
steamships to purchase flour on the
same basis as hotels and general
bakers.
Unless the steamships were brought
INTO the same class with bakers. their
stewards would be restricted by the
same regulations governing sales tois-
aividual consumers. This would mean
that with each pound of flour they would
nave TO buy at least one pound of some
other cereal. The food administration
nas recognized that in many cases this
would work a hardship upon the ship
owners, most of whom are lending the
1000 administration strong support in
us conservation measures
New-York tribune., 1918-02-11
THE PENNSYLVANIA RAILROAD COW
PANY
General Office. Broad Street Station.
Pbiladelnhia nth La :, D. 9


Philadelphia. 10th January, 1918
The ANNUAL MEETING of the Stock
holders of this Company will be held on
Tuesday. the 18th day Of March 1918. at
II o'clock A. NJ. in Witherspoon Han.
1871 Walnut Street. Philadelphia, at which
meeting Will be submitted for considers.
ton and action by the Stockholders the
Annual Report Of the Board of Directors
Tor the year ended 3lst December. 1917.
agreements for the acquisition by mi,
company OF the franchises corporate
property. rights and credits Of The Corn.
VAL and Lebanon Railroad Company and
or the SusQuehanna. bloomsbury and Rer.
WICK Railroad Company: an increase of the
,nhsosedaess ,ian Of this Company. to be made
When and as prescribed by the Directors
ana other appropriate subjects.
otockholders may obtain copies of the
annual Report Of the Company and the
necessary tickets OF admission to the meet.
lng on and after the 5th day of March.
,sls' by personal application at or bv
ietter 70. the Secretary's office Room 26s.
oroad street Station. Philadelphia
LEWIS NELSON. Secretary
New-York tribune., 1918-02-11
FINANCIAL MEETINGS
NOTICE OF ANNUAL MEETING or
INTERNATIONAL MANUFtfTiprps
SALES COMPANY OF AMERIC4 yvC'

THE ANNUAL MEETING of the stoct
holders Of this Company VIII be held ~
the 18th day Of February. 1918. at II II
O'Clock In the forenoon. at the Office a.,
the corporation. Woolworth Building vey
York City, New York. for the purpos. ~,
electing Board of Directors tive, inynaS
tors to serve at all ELECTIONS of stockhoJd
ers during the ensuing year and receiviny
and acting upon the reports of tho oficers
and for the transaction of such othsr
business as may properly come before the
meeting. 'i7
According to the Bylaws Of this Com.
pany the annual meeting is to be held TIA
third Monday Of February which is the
18TH OF February of this year In view
or the Fuel Administration law recentlv
put into effect. 1t will be impossible 10
arrange for the meeting on the day sci
aside by said bylaws 1t will be neces
sary, therefore. to hold the meeting AND
10 adjourn same until the following day
which is Tuesday. February 10Th, and for
reasons expressed TO you in our letter OF
me 25th we urge your attendance on Feb.
ruary 18Th. Our present Office is not ado
quate for meeting of this kind and W.
nave, therefore, engaged the Assembly
Rooms Of the Merchants Association IN
the WoolWorth Building for the above
meeting. which will be called at / / O cjoet
a. Nj. on February 18th
Dated February End. 1918.
L. n. BURNS Sec -atary
New-York tribune., 1918-02-11


workmen will not adopt a more en-
lightened attitude toward machinery
and large scale production, we shall
certainly be beaten. With our coal and
iron supplies, manufacturing plants and
shipping ports practically side by side;
with our inherent industrial skill; with
our unique transport facilities, and
with vast colonies and great allies
ready to give US practical trade prefer
ences and boycott to Germans, our op-
portuntes will be golden. While the
Americans should enjoy highly pros
porous trade in their own rich, pro-
tected home market and obtain a con-
siderable share of international bust
ness hitherto done by the Germans, we
should easily take long lead in the
trade in manufactured exports and also
in shipping"
New-York tribune., 1918-02-11
WILLIAM CRAMp & SONS Surp a..
ENGINE BUILDING co AND

oI.s n ~ LlND NOTICE.
FIDELITY TRUST COMPANY ffo--,.
The Fidelity Insurance. Trust and e
Deposit Company. Trustee under Mo-. osl'
OF the william Cramp * Sons Shir, and ss sse
gine Building Company date, March L.
io99, invites tenders or proposals for bond,
issued under said Mortgage to he '.rao .,'.
rendered for redemption; proposals - evW'- VI
opened and awards made on Februaro % ee
1918. at 12 O'Clock NJ. -.
FIDELITY TRUST COMPANY t.
325-33l Chestnut st. Philadelpbjs
WM. =. GEST, Preside,.
January 2S, 1913 ''oeh''
New-York tribune., 1918-02-11

A quiet tone has prevailed in tho
bond market in recent days, with
prices holding firmly and moderate
increase in the inquiry for the best
high-grade investment issues. A
brief postponement of the actual Of
fering of the third Liberty Loan, de-
tails of which are yet to be an
nounced, through the announcement
by Secretary Of the Treasury Nc
Adoo OF series Of offerings of
short-term certificates Of indebted
ness which will be taken by the
banks, helped sentiment in the gen.
eral bond market, although the out
standing Liberty Loan issues devel-
oped weak tone and sold at new
ow-record prices. In all, Secretary
McAdoo expects to raise $3,OOO,OOO,-
900 in this manner before the third
war loan is offered to the public,
which will afford just so much more
time for the absorption of the Sec
ond Liberty Loan. Postponement of
the offering Of the new long-term is.
sue is expected to insure wider dis
trlbution of the bonds throughout
the country. One of the most inter-
esting Developments Of the week in
the capital market was the highly
successful bit Of financing done by
the City of New York, which sold
S20,O0O,00O of notes maturing in
May to Morgan & Co. on basis of
4.31 to 4.32 per cent. In view of the
present state of the money market,
the oversubscription Of the loan by
seven times and the low cost to the
city for the funds obtained were con-
sidered quite remarkable. Earlier in !
New-York tribune., 1918-02-11

the year the city was compelled to
pay slightly more than Az per cent
on $5,000,000 raised on notes. The
city's outstanding corporate stock
has been improving steadily since
the extreme decline of December,
with the various issues now selling
on a. yield basis of All per cent to
4.S6.
New-York tribune., 1918-02-11
Supposed American Held
AS Smuggler in Denmark

COPENHAGEN, Feb. 1O.-Fellx Bell,
salo to be an American, has been ar
rested, charged with being the cher
conSpirator in plot to smuggle rubber
ana ana other prohibited products from
Denmark to Sweden.
New-York tribune., 1918-02-11

Security market operations dur
ing the last week have been mainly
of professional origin, with only a
minimum of public interest so far
as stocks were concerned. Activity
has largely converged upon small
group of industrial specialties which
have periodically been the object of
concerted pool operations A num-
Der of these issues displayed pro-
nounced strength and registered Wig
orous advances. But the movement
of the rest Of the list--that is to say,
the standard investment and sea-
soned speculative issues-was mar
row, and, therefore, not particular
| ly significant. Perhaps the best
thing that could be said of the weeks
performance in the stock market
was the strong undertone displayed
by stocks generally. Prices react
ed quite substantially at times, but
refused to go beyond a certain point
where sufficient buying appeared to
bring about recoveries. To all in
tents and purposes liquidation of
stocks has ceased, at least for the
time being, and such moderate re-
actions as have occurred in prices of
late have failed to bring out offer
ings. Under more normal conditions
this would be accepted as an indica-
tion that stocks are strongly held.
At the present time it at least re-
fleets increasing confidence in fun
damental market conditions and an
absence of the apprehension that
brought about the stream of selling
orders that SO unsettled the specula-
tive and investment markets of last
autumn.
New-York tribune., 1918-02-11
Italian Hemp for u. s.

The Italian government has allotted
10000 qulntals of hemp for exporta-
tlon to firms in the United States. ac-
cording to cable advices from the
American Ambassador at Rome.
New-York tribune., 1918-02-11
Consolidated Exchange

UNIT of trade on this exchange, 10 sharesl
Following table gives total transactions for
the week ended February g. with the high,
low and CLOSING prices.
New-York tribune., 1918-02-11
TO THE STOCKHOLDERS OF
j. SPENCER TURNER COMPANY.

Notice is hereby given that the Animal
Meeting OF the Stockholders of J. Spencer
turner Company win be held at the offices
or the Company. No. So Worth Street.
on the 18th day OF February 1918. AT l0:so
o clock In the forenoon. for the purpose o,
erecting a Board OF Directors two Insp.c:
TORS or Election to serve AT the next annual
meeting, receiving and acting upon the re.
ports OF the Officers and Directors and for
the transact of such other b,sines, a,
shaii properly come before the meeting
FREDERICK ". MURPHY. Secretary
Dated February 4th. 1918
NOTICE is HEREBY GIVEN THAT THE
Annual Meeting OF STOCKHOLDERS Of
kENSINGTON MANUFACTIiRINC; CON-
"a Y. Inc, domestic corporation. will
De held at tho Office of the Company "A
East 32nd Street. Borough OF Manhattan,
Ivy or New York. ON the 18Th day OF
eoruary. lslS. at four O'Clock in tho
AFTERNOON. for the election of directors for
the ensuing year. and for the transactien
OF such other business as NAV properly
come berore said meeting
Dated, February lst. 1915
THOMAS II. RAY, Secretary.
~orr.r, New York. February md 1918.
=, annual meeting Of the stockholders OF
ne tribune Association VIII be held at
! ne ne once OF the Company in The Tribune
guiding. l54 Nassau Street, in the City Of
iSew YORK, on Monday. the 18th day Of
february. 1913. at 8 o'clock in the after
noon of that day. FOR the purpose of elect
ihe directors for the ensuing year and
inspectors or election to serve AZ the next
annual meeting, and for the transaction OF
sucn othcr business as may properly come
pefore said meeting.
OGDEN REID, President
New-York tribune., 1918-02-11

In the opinion of many close OBJ
servers, the stock market during the
prolonged decline of last year, when
prices finally touched the lowest
level in decade or more, discounted
almost the worst that could happen.
Assuming this to be the case, it is
not surprising that the market has
been able to face with remarkable
equanimity the facts Of a general
generalization of industry Rduring
the last few weeks caused by the eX-
tremely adverse weather conditions
and the breakdown of the country's
system of transportation Last week
We were presented with the first
real figures that gave a bearing on
what is happening in the iron and
steel trade because Of the combined
effects Of railroad congestion, the
fuel shortage and the severe winter
weather. 1t was shown that the iron
and steel plants are operating at
less than SO per cent of capacity;
that the January output of pig iron,
the basic material that steel is made
of, fell to an average of 77,799 tons
a day, or the smallest since the
spring Of 1915. February opera
tions in the steel trade, it appears,
are proceeding on an even more un-
favorable basis. 1t is unfortunate
that this state Of affairs should oc-
cur at time when capacity produc-
tion is needed to meet the peace and
war demands of the country. It is
generally recognized that the current
quarter will be extremely unfavor-
able in point of earnings for the
majority Of industrial companies,
but the stock market has offered
little evidence Of unsettlement, which
would seem to indicate that existing
conditions have already been pretty
we'll discounted. Developments in
the theatre Of war have hardly been
a factor in the market during the
last week. The sinking of the Tus-
cania, with heavy loss of lives, had
practically no effect on prices, as it
was looked upon as merely an un-
fortunate and regrettable incident
of war.
New-York tribune., 1918-02-11
Finance Economics

WALL. STREET r.l.,h.n
Mills Building, Is Broad u.n.v.. ..,.
American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1918-03-19

Remember to give books TO the SOL
diers and old clothes to the Belgians.
American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1918-03-19
RED CROSS NOTES.


There has been great activity among
the country districts the past week.
Several very successful social affairs
have been given. One of these at the
Lincoln school, Prosperity district,
netted a sum of S37 which the Rev.
Sprattler turned in to the treasury of
the local Red Cross chapter. Another
splendid affair was given at Cedar
Ridge last Saturday night During
the evening goose. donated by Mrs
Ziek was auctioned twice, the first
time bringing S31 and the next time
SIP The total receipts from this en-
tertainment were $53.35.
The local chapter never needed
financial support as much as at the
present time and is most grateful for
the efforts that are being put forth
in this respect.
In the near future Mr. Crowley will
show over There" a splendid pa
triOtic film and the proceeds will GO
to the local Red Cross chapter. Save
your pennies to see cover There