davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13
Corporate Returns

Computing Tabulating- Recording Com
pany.-The six months statement of
operations discloses net earnings of
81 ,099,678. which compares with s872,-
!o28 for the corresponding period of
iast year. Interest charges totalled
Sl71,93O, against s172.444 for the same
months of the preceding year. Balance
amounted to s927,748, which is
equivalent to 1886 per share earned on
the S10,482700 capital stock, COM
pared with $699,584, or equal to $3.50.
earned in the six months ended June
80, 1917.
Chino Copper Company.-Net operat-
ing profit for the second quarter Of
the current year amounted to 1885,
5l3, compared with s3.725,661 for the
same quarter of the previous year.
$3.50 per share earned during the
period on $4,349,900 capital stock of
IS par value, or at an annual rate of
$3.50 per share, against s3,81s,322, or
S4.39 per share, earned during the
quarter ended June 80 of last year.
Dividends paid were $869,513, against
$2,7l4,95O for the corresponding period
of the year before. Surplus totalled
s1,046,533.
Manufacturers Light and Heat.-The
company reports surplus after divi-
dends of 100000 of $1,130, 405 for the
six months ended June 80, 1918.
Chicago Great Western Railroad
Company.--Total operating revenue for
June was $1,429,021, from which operat-
ing expenses of $1,876,1Se were taken,
leaving a deficit of $447,117, which
compares with net revenue from on
erations Of $521,1S3 for the correspond
ing months of last year. Net deficit
after charges amounted to s675,670.
Total operating revenue for the first
half Of 1918 was $S,410,491, an in
crease OF $676,6l6 over the correspond
ing months of the year before. Operat-
Ing expenses totalled $7.sss,64 leav-
with $1.s0s,92e for the six months
ended Juno 80. 1917. Not deficit after
charges was 1928. 800.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13
Cotton Turnbles in
Weak, Unsettled,
Nervous Market
Prices Sensitive to Weather
Reports, Spot Offerings
and Other Influences

The keen sensitivity Of the New
York Cotton Exchange was reflected
yesterday in tumble Of prices. Since
its upward trend during the last ten
days the market has registered the
nervousness of the traders and recess
sions interrupted the gains whenever
a depressing influence OF any kind
found it way to the ring. Although
there was no improvement in the
weather or crop news yesterday, prices
sagged considerably, and the general
list closed at net decline of II to 81
points, ostensibly on reports of in
creased spot offerings. particularly
from Texas. October contracts sold
off from 1910 to 1920 and closed at
1858.
The market was unsettled as soon as
it opened, although fresh selling was
held in check by the continued dry
hot weather In the Southwest and the
consistently favorable war news. The
opening was irregular at an advance
of 20 points to a decline of 80 points,
with the near months making new
high ground for the movement on Liv
erpool and New Orleans buying. With
this exception, there appeared to be
scant support, and there followed a
sharp break of 60 to sc points under
Saturdays closing figures as result
of realizing.
Reports that Texas was offering new
shipments more freely at an easier ba-
sis without finding any demand from
spinners induced more active selling
during the afternoon, and for a time
the market showed much weakness.
December sold off to $3.50 and Jan
uary to 28.72 with active months gen.
orally showing a net loss of 10 to 115
points. Covering checked the decline
again at this level and the close
showed rallies of 20 to 80 points, al
though the market continued nervous
A report that the government had
advised New England spinners to buy
all the cotton they would need up to
the first of April before the beginning
of November this year in order to con-
serve transportation facilities at
tracted much attention. Some thought
this would mean an unusually large
absorption by domestic spinners dur
ing the early season, but local spot
sign of immediate interest from that
quarter.
No exports were reported yesterday.
Southern spot markets as officially re-
ported were all unchanged except Bal
timore, which was nominally l cent
higher, and the markets at Galveston
and Houston, which were both half a
cent lower.
The closing prices we're:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13
ealth Markets and Commerce

billed at the maximum difference of
quoted by any Of the designated spot
markets for the particular grade de-
!1veredj and that cotton above mid
ding be billed at the minimum differ
ence on quoted by any Of these mar
kets for particular grade delivered"
This sketch has been sent out to the
trade with a request for constructive
criticism. In an accompanying letter
the board Of managers says: Before
proceeding further 1t (the committee
wishes to obtain the views Of those
using the New York contract market
to invite their candid criticism Of the
skeleton plan, or to receive any other
suggestions that would tend to make
the plan workable"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13
Swedes Using Wooden Corks

Trade Commissioner Axel Oxholm.
who is investigating the lumber mar,
kets OF Scandinavia and Finland. re-
ports that wooden cork is now being
uscd In Sweden because Of the short.
age Of the true cork. The substitute ia
made Of quick growing pine, with wide
annual rings, to allow tho upper part
OF the cork to swell after the punch
has bcen used.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13
May Enlarge Locomotive Capacity

To meet the requirements Of the
nations railroads and the needs Of the
American expeditionary forces and the
Allies, it is reported that a plan is
under consideration at Washington to
increase the capacity of the country's
locomotive shops by 1900 engines
year. War requirements are esti-
mated at 10000 engines or consider
ably above the present capacity of the
country's locomotive plants.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13
Liberty 3I2s Go Higher

Liberty 31a per cent bonds continued
their recent advance on the Stock Elk
change yesterday and sold up to 1905,
the highest price since October, 1917.
The high record was 10000, reached
last September shortly after the issue
was admitted to trading on the ex-
change. The AVS eased off a fraction
from Saturdays closing quotations.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13
FINANCIAL MEETIN1o

CLAUDE M. SMITH 3 COMrnArSs1S
NOTICE TO STOCKHOLDERS
A special meeting Of the s'og inc. \
CLAUDE NJ. Smith q Company. TT iib
held on the l<th day of Aas"ms ns 80
1880 o'clock A. NJ. at the o" IN -
corporation. No. 1<s Broadway' ne ~.
and County Of New York. 20. n sas'
OF voting upon the proposn,es;n'Io opssfbs!
So 80 ' sS.1e. ' Of tho I par value
to $4,000, to consist Of i.boo ~
par value OF 500 each. Iru
CLAUDE n. SMITH
Dated. July &c, 1914
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13
Elections

Edward dc Lima, who previous to
his departure for France was an as
sistant manager Of the foreign depart
ment of the Guaranty Trust Company,
OF New York. has been elected secre-
tary Of the Paris office Of that insti-
tuition, succeeding William G. Wendell.
who has obtained leave Of absence
Tor the duration Of tho war in order
TO enter government service,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13
Money and Credit

Money rates remained Arm yester-
day. Again there was dcarth Of call
funds at tho New York Stock EXCHANGE
and tho money pool once moro was
called upon to lend littlo on call.
Brokers said there was virtually no
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13

Bankers and investment dealers
throughout the country are urging
that the Canadian plan for stabiliz-
ing victory bonds be adopted, with
some notifications, by this country,
in order that the Liberty issues may
be restored to something approach
ing par, and to prevent even more Sc
we're declines as the bulk of Federal
war bonds outstanding increases.
Sterilization Of Liberty bond prices
Is generally recognized as the most
important thing the Treasury De-
partment has to do before the foata-
ton of the fourth loan, which will
be offered toward the close of next
month. Financiers have little con-
fldence in the present sinking fund
plan, whereas it is generally agreed
that the Canadian scheme could be-
successfully applied in the United
States. This plan, it will be re-
called, places the market for the
bonds in the hands of body created
for that purpose, and, by paying
them commission, encourages bond
dealers to develop the latent demand
for the bonds, a demand that Is not
satisfied during the loan campaigns.
The result Is that the price Of the
victory bonds is now we'll above the
issuance price, and there is a large
untitled demand for them. Last week
they sold above par. They were is
sued at 1856.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13
News Digest
Foreign

r Orelgn
london Market Buoyant-LONDVA
Aug. 1.-THE stock market WIS '''!'
ant to-day, with sellers ven n. y,
served. Buyers were numerous -.
low-priced railroads were the ns.'
active features. Mining, tin sna !.
mond shares were strong and husi |.
issues led a general improvement ~. 4
bonds, although the shortness o. '"~
checked business.
Paris Market Frni.-PARlS, A.s
12.-Prices were firm on the D'as
to-day. Three per cent renses ~ y,
at 81 francs 90 centimes for CASE ID
change on London was rs fr,n" u
confines. Five per cent loan DIV"
81 francs IS centimes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13
Anthracite Shipments Make Record
War Risk Rates Higher

Continued activity of German u
boats along the Atlantic seaboard has
resulted in another advance by marine
underwriters Of the war risk rates on
sailing vessels. Rates have jumped to
3 per cent and in some cases to 4 per
cent on cargoes plying between Ameri-
can ports, while transocean rates have
risen to the prohibitive figure of 10
Fer cent in most instances, with prac-
tically no offerings. Ships bound for
Australian ports command the highest
rates as the waters traversed in that
route seem to give the submarine tho
best opportunity to strike its prey.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13
Regular Declarations

American Coal Company Of sT
County.@Semi-ann dividend Oh ,tbcS
share. payable September 70
Of record August 81. N
Continental Oil Company .-Quarc
dend of IS per share. payable seSs
to stockholders of record August ." N
Copper Range Company.-eusC.,Mrssrb s
dend of $3.50 per share. payable 81 Ss'
to stockholders of record August sA' 4 n
White Motor Company.--oussliS. .rhs ,
dend of 81 per share. payable SET s.~ ls
to stockholders Of record Septefnp
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13
RUY-sELL

MIDWEST REFINING CO.
MERRITT OIL CORPORATION
ELK BASIN PETROLEUM CO.
INTERNATIONAL PETROLEUM
IMPERIAL OIL CO., LTD.
LoBITOS OlLFIkLDS, LTD.
SAPULPA REFINING CO.
HOUSTON OIL CO.
PORT LORO8 PETROLEUM
NATIONAL FUEL GAS CO.
NORTHWEST OIL CO.
COSDEN AND CO.
nonpD 4 STOCK
CARL H.PFORZHEIMER&cQ
Dealers In Standard Oh SeS1xftAes
Phones 1880 -esA bvsad- - AroaA g.. n. X.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13
Telephone
Hanover 6514

money available for fixed time loans
and none expected from the banks In
the immediate future. Rates were
firm at 6 per cent.
Ruling rates for money yesterday,
compared with year ago, were as
follows:
Yesterday. Year ago.
Per cent. Per cent.
Call money:
On mixed collateral 2I%
On industrial coltl 6i2 3
Time money (mixed collateral):
Sixty days .......6 4
Ninety days .....e q @4A
-Four months .....6 4I2@4A
Five to six months 6 1905
Commercial Paper.-Country institu-
tions are fairly large buyers of COM
mercial paper. The rate is firm at 6
per cent for the best regular ma
turtles.
Bank Acceptances-Owin to the
firm money market the demand for
bank acceptances is somewhat lighter.
Rates yesterday were as follows:
Thirty Sixty Ninety
Spot de- days. days. Gays.
livery: Per cent. Per cent. Per cent,
E gible
m m Der
banks. :. .4h@4 4A@4N 4h@4H
E igibls
non-mem-
Der banks.4A@41s 49a@4h 49s@4h
n eligible
bank bills.5A@4 5A@424 5L4@4a4
For delivery within thirty days:
Per cent
Eligible member banks ........ ~
Eligible non-member banks..... ~
Ineligible bank bills.
Discount Rates.-The following table
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13
The Dollar in Foreign Exchange

Rates on London and Paris were
slightly easier yesterday than at the
close Of last week, The recent rise,
according to observers of the situation,
induced moderate selling and led to
a temporary check of the upward trend.
Pesctas were again notably weak, and
exchange on all neutrals was easy.
Closing rates yesterday, compared
with a week ago, follow:
Quoted dollars to the pound.)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13
Dividends
Extras

Extras
Brier Hill Steel Company.-An &c
dend Of 31s per cent on the eom@Ss q
has been declared in addition 70 -. -.
lar dividends of ~ per cent on -
mon and ~ per cent on tne I'm
stocks. all payable October 70 s''s'
Of record September 20. ~
Standard Oil Company Of hshss sets
dividend Of SO per share has o een y, r.
in addition to the regular QnaI, ss.r
dend of SO Per share. both psysc,s ~
Der IA to stockholders Of record Aus~
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13

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. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13

The main points at issue in the
contract dispute are, first, that the
railroad interests want the right to
secure court decision claims for
losses resulting from expenditure
for betterments and improvements
instead Of accepting the Commerce
Commissions finding as conclusive
second, one faction wants assurance
that dividends shall be paid at the
rates maintained in the base period,
whether or not they were earned in
that period; and, third, that the
same faction wants the right to en-
ter claims for damages other than
those provided for in the contract.
To the first claim there can be no
reasonable objection, and railroad
men are probably justified in as
Stunning that 1t will be granted. There
does not seem to be much chance
that the administrator will approve
the other amendments, however. 1t
would not be hard for him to JUS
tify a refusal to do so. The COM
pany which skimped maintenance to
pay dividends during the base Pc
Rod may suffer unless change is
made in the contract, but that will
be it's own fault; probably it would
have paid the penalty in the end,
even if the carriers had been taken
over. AS to the third demand, it
may be pointed out that, in effect,
the government has leased the rail-
roads for the period Of the war and
there is no good reason why it
should not protect itself against a
flood Of damage suits based on any
vague claims the railroads might
care to set up any more than one
railroad leasing another would be
expected to waive such protection.
On the whole, the railroad contract
seems fair enough and appears to
adequately protect the interests Of
the owners.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13

Silver.-Bar silver in London was
48}td, unchanged; New York, 99%c,
unchanged; Mexican dollars, TIC. un-
changed.
Sub-Treasury. - The banks lost
$4,000 to the Sub-Treasury yester-
day.
London Money Rates.-LONDON,
Aug. 12.-Money was unchanged at 3
per cent. Discount rates were: Short
bills and three month bills, 1892 per
ent. Gold premium at Lisbon re-
NAMED 100.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13

While it is possible that the pres
ent activity in railroad stocks may
continue for a short time after the
contract dispute has been settled,
the chances are that as soon as the
readju stment of values based on that
settlement has been completed, this
section Of the market will relapse
into somnolent condition, and re-
main inactive for long period. I'm
Ill it becomes possible to forecast the
outcome Of government control, there
will be little basis for speculation in
these issues. Their course will prob
ably be controlled more by interest
rates and other factors which nor
mally have more inflence on bonds
than on stocks. The railroad stocks
will be In position comparable with
bonds as long as they remain under
government control.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13
Relevant Comment
Disparity in Cotton Prices

Officials Of the New York Cotton
Exchange said yesterday that they
expected that the spirit Of the investi-
CATION Of the exchange which starts
to-day would be constructive. Charles
]. Brand, chief Of the Bureau Of Mar
kets. Department Of Agriculture, who
will personally supervise the hearings
which will take place in this city and
at Boston, explained the central point
parity between the prices Of spot cot
ton and prices Of contracts on the
future exchanges. It is expected that
specific suggestions will be made as
result Of the hearings to lessen this
inequality in the future. Officers and
chairmen of the committees Of the local
exchange have been asked to appear
at the public hearings in the room Of
the board of managers.
Anthracite Shipments Make Record
During the four months ended July
81 more anthracite WAS delivered to
the ultimate consumer than during any
corresponding period of preceding
years, says "The Black Diamond" in
Its latest issue. Although the mercury
hung close to the hundred mark last
week, the same publication states that
the coal trade en- oyed the unique ex-
perience of Having an unprecedented
demand to satisfy" The campaign
under the slogan "Buv your coal now"
apparently has had its effect, as the
anthracite operators report that there
"is more domestic coal in consumers
possession than ever before known at
this time Of the year"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13

Bank Clearings.-Bank clearings in
New York and other cities were as
follows:
Exchanges. Balances.
New York.. >. 1886, 157, oe4 $37,766,269
Boston ....... 40,458,516 8,863,391
Chicago ...... 82,22e,807 3,731,488
St. Louis 900. 38,431,939 10,191,473
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-08-13

Reserve Bank rate. 1878 1878
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:
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-11-18

To spread the news of things to publish interest.
Ing facts abroad, to stimulate mems rlnds-h short
7=to advertise, make krown-7=has become an aft.
Painters, craftsmen, writers have lent It grace
business minds have given 1t iucidty and peint BY
Its means an advertising expert can make phone.
graphic record on that most impressignsbis disc
the public ftind-creating markets, selling geeds,
or Gas It has been SEEM achieving serviee fer the
state. What other force exists that can accomplish
ali these thingS'
Increases Advertising
On August s, 1914, the day after wal Wa de-
clared, increased our advertising spare. From
that day have been buying ali the Adversslns
space available. would do more advertising to-day
IL could gel The space.
We are limited only by the limitations of the
newspapers We are taking right new every Inch
they will give us, and at rates that would make us
In The States turn somersautts and fail over back.
wards,
am paying at the rate Of 81 per agate Inc fot
display space right now. will take more space
they will give it to me-and at that rate
The first four months of this year have been the
biggest four months IN our history. This growth
has come because we have forced t. At tho be-
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-11-18
Read On MIR. Merchant
1t Will Pay You
Need Straghtforwardness for Business Merchant Says
Conducts essatsht

This war has taught the public many things and,
among others, the value of publicity. The pro.
gressiVe business man has been CONSCIOUS Of Its
no Intelligent person who does not realize that,
without It. rothng can get done. For publicity of
advertising, Is the art of making known something
of Importance or general interest.
The government once more has had to take
leaf out Of the business mans book and learn to
advertise. I" No business enterprise of any size
can exist without publicity as means of getting
purses. No single idea can bear any fruit until by
publicity II has permeated the intelligence of vast
numbers of thinking folk.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-11-18

ginning o., this year we wsts. ths sixteenth isfJsa
house of the kihd Id the wedd, AT the end Of fhh
year We VIII be the SIXTH Within Two *yat5 sftef
Che new stefs Building Is completes We Nsn b 4srSa
Talks b Mitlious ~ ~
A bss fsetoe--A ve4y big factne-A a. record
hAs been AID viii cons3nue b Be ns3spapef aAvsF.
Hsns, We nev.s could have ixckrn thccasA Shese
kAeEtsuaS ovef here withOm D. We hAA g ~ I'll
We could 10 break down pfuts63eeA
We made people stop, lock end itstsn. Thsu me
store iteif aid the rest.
We now talk to niiiiJns Of peorte esey 6Ry
through cur advertising columns and thsy Believe
In Us trust Us respond 10 that advertising quickly
and eentinss TO be our customers In en- kinds OF
weather.
The large business enterprise thAs 3 nct rom
The lhnA Ia advertising ttst now ts making q haSe
mistake.
Now, more than at any other hne, Il L Necessary
to push the display advertising. The business man
who fails 70 realize that right now-n wartime
he should drive ahead With Els advertising az greater
speed than ever has overlooked q golden oppor.
nlnity.
AZ no .ane n the history Of or buaness here has
advertising paid such large retwrA &c ngh new.
My only regret 10 that cAn't buy moro spAeA.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-11-18
Straightforwardness Best

II is publicity that has created highly sensitized,
receptive national intelligence and to thwart this by
unwise censorship, whether of war news, books, or
plays is weak and stupid policy. Business adver-
the only policy.
1t costs huge for business man to turn the
Searchlight of publicity on to his own enterprise
Dishonest publicity defeats its own ends; It
makes no deep and lasting impression, which Is
what every business man wants.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-11-18

HARRY c. SELFRIDCE
EngIand's Greatest Merchant
American Who Conducts Great
Store In London, England
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-11-18

zuz..uzz.zzzs.zsz1zzuzsss.uu
Now
I'll give
RIDGE