davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-03-31
Finance Economics

duced in about the same proportion.
In January, 1918, we exported 915,445
pounds of hides and skins, while last
January our exports totalled 824,99O
pounds.
The marked shortage of calfskins
that is at present perplexing the shoe
manufacturers is reflected in the i'm
port figures, for during January, 1919,
we imported only 188,369 pounds of
these skins, valued at $4,000, whereas
during the same month in 1918 the
total imports reached 1,528,968 pounds,
valued at S66O,56O. Goatskins also were
imported lesser quantity this year
than in ia lary of 1918, the figures
for January, 1919, showing the receipt
of 2,259,718 pounds, valued at 81 1884,
1888, as against 5,02S,728 pounds, valued
at $2,133,648 for the year previous.
Sheepskin imports showed an increase,
the totals for January, 1919, being g.
669,514 pounds, valued at $1,199,943,
and for January, 1918, 2,593,725 pounds,
valued at $862,141.
New-York tribune., 1919-03-31

Copyright. 1918. New York Tribune Incl
After the decline of Monday and
Wednesday the recovery in the lat
ter part Of last week brought prices
of stocks back practically to the
point where the net change for the
week was insignificant. The reac-
ton in the early part of the week
was obviously the outcome of con-
ditions within the market itself. 1t
had been rising for six weeks.
In the final week of that advance
activity had broadened and the up
ward pace had become swift. A
large short interest had been driven
in and weak margin account Gre
ated, with corresponding increase
in stop-loss orders. The news in the
early part of the week was not, on
the wole, unfavorable, but the de-
cline which came was necessary to
put the market in sound position
to resume it's advance.
New-York tribune., 1919-03-31
Wealth. -Markets-Investme

The report showed that since the
incorporation of the Steel Corporation
in April, 1901, it has piled up an un-
divided surplus account of S466 $685.
421. The working capital at the time
of organization was $25, 100000. There
was expended last year for ordinary
maintenance, repairs and extra
ordinary requirements S101, 1927
contrasted with $78,101, ,776 in 1917.
Heavy Inventories
The net book valuation of inven-
tories at the end of the year. after
allowing credit for reserve of
s51 1,289603 for account of actual cost
or market value of inventory stocks
in excess of normal prices, equalled
S274, 1853 900, an increase of S51,0e5,514
over the preceding year
Expenditures during the yea. for
the acquisition Of additional property
and for additions and betterments to
plants and properties, less credits for
properties sold, less S2,271,4 All written
off to depreciation and requirements
totalled $129, ,s55, ,O37 The total net
amount expended since April l, 1901,
for additional property and construc-
tion is S801 209, ,839.
The average number of employees in
the service of the corporation during
was $452, .524, compared with q
payroll of S34737O, 400 in 1917. The
average wage per day last year of all
employees, exclusive of the general ad
ministrative and selling force, was
S5.33, against $40 the preceding year.
The largest number of men employed
in any one month in 1918 was 2S3 Ala,
contrasted with total of 277,526 in
1917. The total increase in wages last
year amounted to 30.3 per cent
The report disclosed under the COM
pany's 1919 profit sharing plan, by
which the common stock was offered
at $92 share. subscriptions had been
received for an aggregate of 1856, $50
shares, an increase Of 4O.4 per cent in
the number of subscribing employees.
and Gi.2 per cent in the number of
shares, in comparison with the sub
scriptions received in 1918.
In explaining why the prices re-
ceived for all the corporations prod
ucts last year were slightly higher
than for 1917 Judge Gary said this
condition arose from the fact that the
prices received during the first half of
1917, largely for deliveries on contracts
entered prior to 1917, were consider
ably below the prices which prevailed
after the entrance Of the United States
into The war.
United States Approved Prices
"Thc prices received in 1913" he
added, "goncrnly speaking, were, aftcr
conferences with representatives. Of tho
IRON and steel industry. determined by
the United Stntes War Industries
Board md approved by the President
OF the United States, although consd.
cradle tonnage, especially for the rail
roads, was delivered on contracts on
tered early in 1917 and prior the reto,
IN many instances at prices consider
ably lower than the maximum estab-
lished by the government"
Since the signing of the armistice,
Judge Gary said, there has been a
steady and good demand for deliveries
of steel on then existing contracts and
orders. "Also," he added, "the book
ings of new business have been quite
up to what could be expected under
prevailing conditions"
New-York tribune., 1919-03-31
Small Amount of
Wool Used Last Month
Strikes and Government Auc-
tions Curtail February
CONSUMPTION

WASHINGTON, March 30--Strikes
and the inability of small manufacture
crs to secure supplies because govern
ment auctions were on cash basis
are two of the reasons given for de-
cline in consumption of wool during
February. The amount used during
the month, according to the Bureau of
Markets, Department Of Agriculture
WAS 27,500,0O0 pounds, grease equiva-
lent. compared to 63,700,000 in Fcbru-
ary II year ago, Il decrease Of over 80
per cent. In fact, less wool was used
by manufacturers last ! ebruary thnn
In any month since the bureau has Is
sued monthly reports.
New-York tribune., 1919-03-31
1913 Report of the United
States Steel Corporation

1888, ,136,OS2, against current liabilities
of S397.781, 1882, leaving working CAPT
tai of S485,354,600. OF the current as
sets $173,806,259 consisted of cash,
S277,745,969 of marketable securities
and S15,S69,S07 of time bank deposits
and secured demand loans.
Aggregate tonnage of rolled steel
and other finished products shipped to
domestic and export trade, 14.124,9S6
tons, compared with 15,37O,105 tons
shipped in 1917
Total value of all business trans
acted, s1,2S8,029,255, compared with
Sl,205, ,SS2,4 ,408 in 1917.
Production of plates. largely for use
in shipbuilding, 2,171,362 tons, an in
crease of 697,737 tons over 1917.
About IS per cent of the entire out
put of steel products last year was
supplied to government departments,
including the Railroad Administration,
and to the Allies of the United States
In the war, either by direct shipment
to them or to manufacturers for fab
rication by them for war purposes.
The activities Of the Steel Corpora
ton in the war are revealed in detail
tor the first time by Judge Ebert II.
Gary in the following table:
Shipped from Shipped from Total
August L, IA, April 1, II, Aug. /, IA,
April 1, IT, Dec. 81, '1S, Dec 81, 18,
tons. tons. tons.
New-York tribune., 1919-03-31

"In order to increase the productive
cnpacity Of the properties to meet the
grentcr demands for steel necesstated
by war conditions, both in respect Of
volume Of tonnage and for new or
modified forms Of steel, also Tor aux-
iliary products and by-producta ur-
gently required for war purposes"
Judge Gary stated, "thcre has been
appropriated and expended since Au-
gust !, 1914, for additions, extensions
and bettermcnts the sum OF $302, ,776,-
600. This covers expenditures both at
and for manufacturing plants and by
New-York tribune., 1919-03-31

The seventeenth annual report of the
United States Steel Corporation, out
to-day, shows:
Gross business in 1918, s1,744,312, 63
compared with s1,6s3,962,552 In 1917
and a new high record.
Net earnings after operating expen.
ses, including a reservation of s274,.
277,835 for Federal income and excess
war profits taxes, $2O8,281,10 a de.
crease of $95, ,S80,367 from 1917.
Increase in the tax item, S65, ,996,731
Last years taxes absorbed Is per cent
of the gross earnings. Wage earners
and salaried officials received $452,663,.
524, or 25 per cent of the gross earn.
ings.
Surplus, after preferred dividend re.
quirements, equivalent to 22.08 per cent
on the 508.303,500 common stock, com.
pared with 1915 per cent earned in
1917, and 1916 per cent in 1916, when
no deductions were made for Federal
taxes.
Current assets on December 81, last,
New-York tribune., 1919-03-31

Gus governmental departments, bureaus
and commissions, including the Red
Cross, Y. NJ. c. A. and kindred asso-
ciations. Employees to the number of
34,4O7, or about one~eighth Of the
total average number Of employees, en-
tered the active military and naval
services of the United States.
There Nere turned over to the gov
ernment on requsition and for use in
the army and navy seven ocean going
steamers, five vessels operating on the
Great Lakes, and five vessels owned bv
the United States Steel Products Com
pany were turned over to the naval
overseas transport service.
In October, 1917, there was turned
over to the Navy Department under a
leasehold arrangement the entire ware
house property located on San Fran
cisco Bay, San Francisco, Cal The
Navy Department remodelled the pro-
perty for use in the construction of
torpedo boat destroyers. This plant
VIII be returned to the company next
fall
Concerning the contract entered
into with the government for the con-
struction of big gun and projcctilc
plant at Neville Island, on the Ohio
River, Judge Gary said that as re-
suit of the signing. of the armistice all
physical property on the site has been
surrendered to the War Department.
Income Account
The income account of the Steel Cor
poration for 1918 compares with tho
sprecedlng year as follows:
-+Increasc
lylS.
New-York tribune., 1919-03-31

the raw material departments orc,
coal, limestone and natural gas also
by the subsidiary transportation in
tcrcsts, the major part Of whose op-
crati0ns relate TO the carriage from
mines TO mills Of raw materials for
iron and steel making.
Large outlays were also made for
construction Of houses and dwellings
necessary for employees at various
places adjacent to the plants and for
the development Of town sites. The
following is a condensed summary Of
these expenditures:
New-York tribune., 1919-03-31

No company could supply better
nor more authoritative data on the
rise Of wages than the Steel Corpo-
ration, with its quarter Of million
employees. Throughout 1917 and
1918 it employed about the same
number OF men, 26s, 900, but in 1917
ii paid in wages only $347 ,00O, 900,
while In 1918 Its wage bills were
ab3,600,000. The average wage or
salary per diem was s5.38 in 1918,
against s4.t6 in 1917, an increase Of
20.3 per cent.
New-York tribune., 1919-03-31

Yet, even so, prices displayed a
remarkable resistance in the face of
selling. One reason for this is that
brokers have lately been demanding
larger margins than they have usu-
ally required The result of this has
been that when decline of few
points appeared commission house
traders did not become SO frightened
as usual. They refused to sell, and
the reaction did not go far.
New-York tribune., 1919-03-31
Trade i'm Hides
And Skins Drops
Exports and Imports Show Sub.
siantlai Declines, Shortage
0f (.mffakins

a decrease " almost 2,0000 900 pounds
IN Imports Of hIdss and skins during
the month Of January last compared
with the same period In 1918 Ia shown
ny the ofiieiai figures The totals for
the respective monthn were 10000 $50
pounds and s2.i73,462 pounds. Our az
ports OF tkAss commodities wsre re-
New-York tribune., 1919-03-31
1857 or PAR AND INTEREST
COMPANY GENERAL MORTGAGE
90 GOLD Ron

90 OObD bONDS.
10 the holders of the bonds secured by the
General Mortgage of The Denver Gas
and Electric Company, dated May l,
1903:
You are hereby notified that the Com-
pany intends to pay off and redeem the
following numbered outstanding General
Mortgage so Bonds, issued pursuant TO tho
terms of the General Mortgage of The
Denver Gas and Electric Company TO the
trust Company of America tThe Equitable
Trust Company OF New York successor by
merger). dated May |. 1903: and the sup
plcmental General Mortgage between tbs
same parties. dated September l. i90S 10
New-York tribune., 1919-03-31
FINANCIAL MEETINGS
Notice OF Animal Meeting of
THE MAY DEPARTMENT STORES CO..

To the Stockholders OF
The May Department Stores Company;
Notice is hereby given that the Annual
Meeting OF the Company will be held on
the 18th day OF April, 1919 At j o'clocs
room. at the Office Of the Company, No III
Broadway, Borough Of Mania ftan. New
York City. for the purpose OF electlns
directors. and for tho transaction q sucn
other business may come before tna
meeting
BY order OF the Board of Directors.
S. Il. BUTLER. Secretary.
New-York tribune., 1919-03-31
Farmerettc Bcnel, Planned

To help equip an agricultural sfains
Ing camp IN the White Mountains sh'a
summer for thirty-tw0 French gifisi
sent by France 80 study business AZ"
factory methods, benefit concert VIII
be given Wednesday afternoon at tha
fheater Francais du Vieux Colombsss'
New-York tribune., 1919-03-31
Market Barometers
Stock Exchange Transactions

Stocks
Rail Other All
stocks. stocks. stocks
Last week 233, 100 3,3S9.800 1922, 900
Week bef. 32o,5oo 5,403,500 5,724,ooo
Year ago. ,1s8,8o0 1,077, 300 1866, 100
January I to date:
1919. .4,765, 200 4Oe74,300 45,73o 500
1918. .4.064,5oo 28,5o6, 200 1851 200
1917. 5226, 100 43,095, 100 48.321 200
Bonds
Week Year
Last week. before before.
U. S. g.$45, ,522, 900 $45, 1918 900 $2s, ,33s, GOO
R'rds. 3,181,O00 3,726,O0O 1885,, 900
Oth'rs. 14,249,000 1888 900 4,072 900
All kids 62,952, 900 62,0e7 ,0cO 35,294, 900
January I to date:
1919. 1918.
U. S. gov'ments5o1 ,o1e,o0o $143,57oooo
Railroads ... 50,223,oCO 42,8590OO
Others .... t84.416,oo0 88,954,000
All bonds. .735, ,655,OOO 275,398,O 900
New-York tribune., 1919-03-31
DIVIDEND NOTICES
United Drug Company

First Preferred Stock Dividend No. is
The Directors OF United Drug co. have
declared a regular quarterly dividend of
q 20 on the first preferred stock Of United
Drug Co. payable May list, 1919 to stocks
holders Of record April Is. 1919.
JAMES C. MCCORMICK. Treasurer.
Boston, March %, 1919.
New-York tribune., 1919-03-31

Shipped to:
The United States government ant
other customers in United States
The Allies (exported) )................
The United States Railroad Administra-
tlon during year 1918 only) .....
Total
Products other than steel:
Toluol and benzol products (gallons) .
Ammonium sulphate and liquor(pounds
Spclter (tons) ).................
Cement (barrels) ..................
New-York tribune., 1919-03-31

ANcW PJW ItSOiuS lOI Lllc yeAT
we're made last week for the Liberty
Third and Fourth Az per cent bonds
in anticipation Of the coming Vic
tory loan. Until that loan is out of
the way not much can be expected
Of the Investment market. Accord
ing to the Secretary OF the Treasury
it will be the last great loan offered
to the public. With these enormous
government issues no longer facing
it the bond market will have a
chance to reassert itself. 1t is both
probable, and, for the sake Of our
foreign trade, desirable, that after
this loan is out Of the way the in
vestment market will be called upon
to absorb great loans to Europe and
European securities. But these are
not likely to reach more than ST.
O00,000,000 or $1,500,000,00O a year
for the next three years; whereas it
must be remembered that we have
been purchasing bonds at rate ten
times as great. And to offset this
opportunity and responsibility of
taking European securities, which
we did not have before the war, we
will also have an enormous bond
buying public which we did not have
before the war. The "conf1ict" Of
these two forces in the near future
will be interesting to watch.
There were few surprises in the
money market of the week. The
most notable feature was the tend
ency noticed on the part of the
banks to begin preparing for the
opening of the Liberty loan cam
paign three weeks from to-day. This
was observed in both the Stock Ex-
change time money market, where
the banks showed a reluctance to ex-
tend credit, and in the bank accept
ance market, where institutions
were making special bid for bills
maturing before the day set for the
opening of the campaign, or, failing
that, for sixty-day bills which could
be resold at profit at that time
Movements of money rates are some
times as difficult and as perilous to
predict as movements of the stock
market, but it does not seem likely
that any tendency toward ease will
be felt during the next few weeks or
during the campaign itself, nor until
some weeks thereafter. Between
now and the end Of April the banks
will continue to bear the burden of
government financing, which con-
stantly mounts. On April 10 they
will be called upon to subscribe for
ar. other issue of certificates of in
debtedness. The loan itself will be
an operation whereby the burden
will be taken off the banks and
placed on the shoulders of the pub
lie. Unless commercial borrowing
has decidedly increased by that
time, therefore, money rates should,
other things being equal become re-
markably easy.
New-York tribune., 1919-03-31
State

Sales (ooo omitted). close Hiob Io,y
State 4iss 1864 1o8 1os 1855.
% Va df 6s Brown eff 70l4 74sa 63
The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1919-08-14

FOR SALE-Big Four mower, or will
trade for hogs weighing so lbs or
more. w. H. Hall. 40
The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1919-08-14
SOCIETY, CHURCH AND
LODGE NOTES

On Thursday evening Of last Neel
the Rebekahs gave . most delightful
party honoring Mrs. Eli Lanktree, VIII
this year holds the chair Of stat
president. A committee had decorated
the halls very attractively with elena
tbs and flags, while the banquet table
at which over so guests were seated
was brilliant with golden glow. A
very enjoyable program was given
consisting of the following numbers:
Piano duet--Mary Carnage, Clara
Peterson.
Reading-Cynthia Stokesbery
Duet-Mrs. Gunther Mrs. Barnes
Solo-Charles Carnage.
Talk-Mrs. Lanktree.
Ladies Quartette.
Following the program line OF
march was formed, led by Mrs. Lank-
tree, to the table where two-course
banquet was served. During the even
ing the honor guest was presented
with a set of hollow handled knives
and forks as suggestion Of the ap-
preciation Of the order for the excel
lent services of their officer. Mrs.
Kirk Landers, past noble grand, ex-
pressing with fitting words the regard
IA which Mrs. Lanktree is held. Mrs.
LAnktree expects to leave next month
to complete her visitation of lodges,
which will probably occupy about two
weeks.
A committee of six ladies of the
Presbyterian Aid entertained Tuesday
afternoon at a delightful tea at the
coy bungalow of Mrs. Walter Brown.
The parlors and porches were placed
with garden flowers, and about so
guests enjoyed cool hour with chatt-
ing and an entertaining program A
number especially enjoyed was the
solo given by Mrs Karl Rueggeberg
of Payette, guest of Mrs. Creswell.
Dainty refreshments were served.
Complimenting her sister, Miss Ida
Mae Flagler, Mrs. William Lyman en-
tertained a party of half dozen
young ladies at a theater par
ty Mondy evening to see Daddy Long
Legs" The girls thoroly enjoyed this
charming screen production, and were
Afterwards conveyed to the Lyman
hra shave the hostess served lunch
Beside the honor guest the party in
cluded the Misses Alice Rose, Hazel
Langroise, Ruth Hawkins, Ina Wilson,
and Leone Campbell.
The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1919-08-14
! E. Fl. REILLY & co.

The Index and the Idaho Farmer
both sent one year for $500.
Mr.. and Mrs. Ira Tabor have taken
rooms in the John Burger residence.
Ladies' and girls good summer hAts
are selling at sacrifice prices. Brown
Millinery.
We buy for cash, wheat, barley and
poultry. Emmett Fruit Growers I'm
Jon Phone 202.
Mr.. and Mrs Kirk Landers and Mr..
and Mrs. Ed Wells and the children
started this morning on an auto trip
to Smith Center, Kan. They win be
absent a couple of months.
Miss Gretchen Appel left Tuesday
for Berkeley, Calf, where she will
enter the university at that place. That
college will have quite number OF
Emmett's young people as students the
coming year.
A. NJ. DeFrance, a resident of En-
NETT for many years in the early days
of the town, arrived yesterday to
spend a few days visiting old-time
friends. He is accompanied by a
daughter, Mrs. Thornberg of Denver,
Colo, friend of Mrs. E. X. Hayes,
whose guests they are. Mr.. DeFrance
has been located at Caldwell since
leaving here about IL years ago. He
is looking and feeling fine and getting
younger, it seems
The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1919-08-14
For Auto service, phone s2-J 3.

|
| For Auto service, phone 92-J 8.
Screen wire. all widths, At Reilly's
| Mrs. J. r. Field and her guest, Miss
Lori Brown of Chicago, ere enjoying
IN outing at Payette Lakes.
1 We buy for cash, wheat, barley and
poultry. Emmett Fruit Growers Un-
ion. Phone ZOE.
Mrs. H. T. Davis and Miss Geral-
dyne Laravea returned yesterday from
visit with their sister, Mrs. D. L.
Rhodes in Nampa.
Mrs. Charles Cantrall returned yes
terday to her home in Round Valley,
after a visit with her parents, Mr..
and Mrs. Noah Miller.
Mr.. and Mrs. Everett Barton and
Jack went to Boise Sunday to visit
Mr.. Barton's parents, who had just
returned from the coas-.
Leo Fest came down from Garden
Valley for Sunday with his family.
He was called home Tuesday rorning
because of the new an6 extensive for
est fires in that section.
Mr.. and Mrs. w. w. Wilton and
Letha motored to Weiser Sunday. Mr..
and Nr1. Waiter Keith and Eleanor
Jean accompanied them to Payette,
spending the day with their parents. :
After months of waiting and disap-
pointments, our Victrolas and records
are coming in. Come in and get yours.
Don't accept any substitute for Vic
tor. w. J. Easton, the reliable jew
eler.
Mr.. and Mrs. Robert Kinzer were
Emmett visitors the first of the week.
They recently sold their ranch in
Boise valley and are looking for new
location, preferably in the Payette
valley.
Mrs. Dan Cantrall, who had been
visiting her parents, Mr.. and Mrs.
James Barnard, returned yesterday
to her home in Round Valley. She
was accompanied by her father, who
will return Friday.
Russell and Roy Edgerton left Mon
day for Berkeley to procure apart
ments for their mother and Mrs. Craig
who will follow. in the course of q
couple of weeks. The boys are both
students at Berkeley and will re-enter
that institution next month
s The home of Mr.. and Mrs. c. B.
Polly was made happy last week by
the arrival Of their son, Lawrence, who
has spent over 10 months overseas.
He was IN Paris most Of the time, IN
the Base Censor's office. Lawrence
has already donned civilian clothes
and has accepted = position In Haley
1 Milea:
Mr.. and Mrs. Lyman Of Rupert ar
rived Tuesday evening, returning from
= visit at LaGrande, and are at tie
home Of their son Will Lyman. Mr..
Lyman, ST., viii attend the G. A K
Convention At Columbus, Mrs Lyman
here until his return, after
which they will go to California for
the winter.
Screen wire, all widths, at Reilly's.
The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1919-08-14
EMMETT NEWS

The Index and tAe 1daho Farmer,
both seut one year for t2oe.< :
Mrs. James Barry and daughters
and Mrs. Clint Thomas and children
motored to Payette Sunday.
Miss Margaret keenan, came down
this week from the Mains camp at
Crawford. Mrs. Mains and the child
rem are enjoying their outing to the
fullest extent, and state that they may
remain until snow flies.