davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-01-18
Cotton Freight Rates
Announced by BOARD

WASHINGTON. Jan. 17.-Schedules
OF freight rates on cotton moving from
American Atlantic ports to Eurone
during January and February werc
made public tonight by the shnnino
Board. They ranged from sa5o
loo pounds for shipments to Eno,1sh peh
port. to $3.50 per 100 pounds To Itaiia,,
ports. French Atlantic ports were ,',,a, oina,'
a .. rate of $4.75 and Meditcrrasnse,m s,sem
French ports $5.25. To Holland "ea'' pai
GUM and Portugal the charge is 81 *
while to Spain it is S5.25. From Amer;' r..,;' ;
can gulf ports an addition Of 26 ranta
Is made to each rate. - cents
New-York tribune., 1919-01-18
Relevant Comment
Cuba Cane Sugar Financing

The Cuba Cane Sugar financing now
under negotiation involves an issue of
$4,000, 900 short term notes, ii was as
serted in banking circles yesterday.
The plan will probably be announced
some time next week, as many details
yet remain to be worked out. Cuba
Cane stock was weak in the market
yesterday. declining about points to
24A and closed 7s off at 251s.
New-York tribune., 1919-01-18
Mexican Petroleum Fall

1t was a great day for the shorts in
Mexican Petroleum. That stock proved
the most vulnerable of the industrials
and broke severely, falling from 1921
to III, and closing ~ points down at
ia q. Market observers pointed out
that the decline was largely the re-
suit of over speculation on the long
side in that issue, putting the stock
in & top heavy position.
New-York tribune., 1919-01-18

over the country, is a curious revela-
ton Of the extent to which this in,
sidious and virulent poison has
spread. The majority of. the Argen-
tine population is Italian.
New-York tribune., 1919-01-18
More New Financing

Another bit Of corporation financing
which has been put over until the com
ing week is that of the Philadelphia
Company. which is about to enter the
market for $4,000. 900, with an issue
Of 6 nCr cent not
New-York tribune., 1919-01-18

The above rates express the cost Of
foreign money in terms of the Amori-
can dollar. You buy an English pound
sterling, say, at S4.75%. The intrinsic
parity is $4.S6as per pound. Thus you
say either that pounds are at dis
count or that dollars are at q prem.u
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
accounts in England.
New-York tribune., 1919-01-18

There seems to be very wide
disposition on the part Of many
leaders in business to mark down
their inventories, even drastically,
in anticipation of reduced prices.
This makes for an unusually
healthy condition in trade One
very carefully managed company
has on hand materials to present
value of around half million. 1t
will write off one-third of this, to
get down to what it regards as a
perfectly sound basis 1t is to be
noted that it has both the courage
and the capital to do this. There
are many businesses like it. Dur
ing the war they have piled up very
large profits. and heavy holdings of
liquid assets. 1t is relatively easy
to write down inventories in such a
situation as this. This scaling
means, likewise. that costs will be
computed on the reduced basis.
This leaves comfortable margin in
which to scale prices if need be.
Enterprises conducted in this
fashion will not be rushing to the
banks for help at the first squall.
New-York tribune., 1919-01-18

One of the items in yesterdays
news which furnished cause for
much speculation to those who dig
deep the depths of anticipated de-
preston, was the statement that
Britain has in France stores and
supplies to the value Of $500, 600
00o. The mere transport of such
quantities Of goods would be large
sum. The loss in depreciation ON
such things as shells and all forms
Of ammunition. would be heavy.
Those who have been able to think
with equanimity at the expendi-
ture Of . hundred or twice a hun
dred billions, shrink with dismay at
the thought that the wars close
may bring a depreciation of bill,
lion OF two.
New-York tribune., 1919-01-18

Cottonseed Oil. The market was in
an uncertain position owing to feel
ing OF nervousness over the weakness
IN other oils and fats and lack of
confidence on the part of buyers. who
apparently fear that the competition
from the other markets will eventually
bring about removal of present re
strictions in regard to prices.
New-York tribune., 1919-01-18
Trustee

whites, ordinary to fine. ga CSC:
pullet whites, 61M62c; Pacific Coast
whites. extras, Csc; lower grades. 62
66c; Western and Southern. gathered
whites. G2'a Csc; state, Pennsvlrania and
nearby. hennery browns. 67o Csc.
gathered brown and mixed colors. ga
Sd 14c
New-York tribune., 1919-01-18
The Dollar in Foreign Exchange

Exchange rates moved narrowly in
the local market yesterday. Rates on
Paris were slightly frmcr
Closing rates yesterday, compared
with week ago, follow:
Quoted dollars to the pound.)
New-York tribune., 1919-01-18
Size of Erie Railroad Taxes Mooted

Size of Erie Railroad Taxes Mooted
TRENTON, N. j., Jan. 17.--Frank B.
Jess, president of the State Board Of
Taxes and Assessments, to-day filed an
opinion in which he stated that the
1918 assessment against the Erie Rail
read of $17,064 for Pullman equipment
of the company hould stand The
railroad company had filed a complaint
against the assessment He stated in
his opinion that the fact that the equip
ment was used exclusively in Interstate
commerce did not place it beyond the
taxing power of the state. The equip
ment was taxed as tangible personal
property of the railroad, though the
equipment is only leased by the rail
road. The railroad tax act provides
that such property can be taxed by the
state
New-York tribune., 1919-01-18

There has been no decline in com
modify prices yet in England.
Sauerbeck's index number, though
point lower in October, the high
record, was on January / point
higher than in November. The
average figure for the year is 1913,
against l74 for the year of 1917.
And this corresponds with low fig
ure Of IS at July /, 1914. The
Sauerbeck figures show a smaller
average advance during the war
than the index figures of "The
Economist"
New-York tribune., 1919-01-18
Livestock, Meats. Provisions

, Following are yrsterday's prices compared witt
those OF year ago. ~
Live steers fair 10 'N" "s"
prime. 100 H. Si27S Qsfsos sIa ao ~
Dressed beef sides.
,,r. H. vo,s. ., 20 "a .as rs 10
10 prime loo 10 1900 q % 90 Ia o0 N te so
Dressed vesis city " wv"
H. ...,,......,. "a q 80 90 a. as
NV NV ms ewes soe H. ZOO % 1000 1000 a
prime. 100 H. 1900 q 1878 2o no N
Dressed mutton 10 IA q 20 IL ~ >,
dressed lamns city
-, H. .a..,,.,.2 .2e q so .2s N ~
Hoga. 100 lb......t75 so e0 iSa0 Is7s -
pfesscd hoer ba-
con 10; .s.2s.a@ .2sss as%Qe par
Nsss sssi anl $500 . $500 siSS S sSso ss.So
ib. ............st.io q aAso ss.%o q ssa
New-York tribune., 1919-01-18
Broom-Making ENCOURAGED

Efforts are being made to revive the
broom Dl making industry on the farm
Chicago Daily Journal.
New-York tribune., 1919-01-18
Money and Credit

The call money market was fairly ac
tive yesterday and rates were un-
changed from the day before at Az to
) per cent. Renewals of mixed col
lateral loans were made at Az per
cent.
The market for fixed date funds was
extremely dull. with comparatively lit
tie lending at 5A per cent for the
longer periods. Brokers are meeting
most of their stock market needs in the
call loan market
Ruling rates for money yesterday
compared with a year ago, were as
follows:
Yesterday. Year ago
Per cent. Per cent.
New-York tribune., 1919-01-18

Wall Street always wonders at
the probable fruits of such pyro-
technics as have taken place, since
the armistice, in certain of the oil
stocks. In dull market stock
that VIII do its to 10 points day
up or down can attract much alter
tion. There are plenty of the usual
Office following broad enough to
take a little fier. On either side.
Sometimes they are expensive.
New-York tribune., 1919-01-18
News Digest
Other Cities

National Conduit Assessment Gut
WHITE PLAINS, n. Y, Jan. 17.-The
assessment of 1917 OF $500 900 filed
against the National Conduit and Cable
Company by the village Of White Plains
is reduced 20 per cent under an award
signed by John NJ. Digney, of White
Plains, referee in the matter. The COM
pany claimed the assessment was OK
cessive because in 1916 it was assessed
for $450,000.
New-York tribune., 1919-01-18

Advices from Liverpool report an
unusual demand for iron and steel
products in the United Kingdom.
The outlook is for long g-continued
Capacity production in an effort to
MI all needs" The business in sight
seems so much in excess Of present
capacity that stringent conditions
are looked for for some time. Home
pig iron production is still made
quate,' and export prices show no
change. 1t can be said with conf.
denee that il the British iron trade
~ prosperous, all British industries
will share this prosperity, for that
= Eneland'g backbone. Among ether
thingS. it would probably mean a
corresponding increase in british
demands for copper.
New-York tribune., 1919-01-18

That 800 pcrzoag should have
been killed IN the Buenos Ayres
rlctg end 5000 Injured; that +. ap-
pears 70 haze been a genuine Social
1T uprising aud that Russian re-
fn9cez and Eoishevik propagandists
v,~rc snlong the leaders; and that
the trouble is now extending all
New-York tribune., 1919-01-18
> u S t e n a n c e
Cereals

Wheat. The impression prevails in
the grain trade that leaders Of the diff
terent food organizations now assem-
Died IN Europe are having a sharp coa-
troversy IN connection with forming a
plan for the distribution of the word's
supply of wheat. The consuming ma
tons are believed to be anxious to see
lower prices, w'iile the producers, espe-
clally America, where prices have been
fixed to the farmer for this and the
next season, are anxious to maintain
values at as high q level as possible
There have been no official reports
TO confirm this assumption, but, for
one reason or another, halt has taken
place III the export movement. and
those in close touch with the situation
believe that something of this kind is
going or America is concerned over
the question Of maintaining its pledge
to the farmers, and some authorities
believe that. inasmuch as the big
American crop last season and the
preparation ior next years big crop
were made not only for home consump-
tion but for aid in the Allied cause,
the Allied nations may assume at least
part of the burden which many think
win have to be carried when the mar
set is finally thrown open to worlds
conditions.
New-York tribune., 1919-01-18
Flour and Meai..-Quotations wore.
Butter, Cheese and Eggs

Brtter.-Receipts were 1862 mack
ages: Creamery, higher than extras.
10, 65 ts "a CSC; extras, 92 score, 641sM
o5c; tirsts. 80 to 81 score. 62isM64c:
seconds, SO to 81 score. 59062c; lower
grades, 54M5Sc; unsalted, higher than
extras, 81 M6Sc; extras, 661aM67c;
hrsts, 63 y "a sc; seconds, 6OG CSC:
state dairy. tubs, finest, 6sm64c: GOOD so
to prime, 60@ 62c; common to fair.
52(a 59c; renovated, extras, 530 54c:
hrsts, 5lM52c; lower grades, 44M48c:
imitation creamery, firsts, 4713@48hc;
ladles, current make, firsts. 45hM
80 nc; seconds, 44c; lower grades. 400,
40 nc; packing stock. current make
No. l, 44c; No. 2, 42lsd d43c; lower
grades, 37M42c.
Cheese;;-Reccipts yesterday. 6e4
boxes. State, whole milk. fresh aats
specials, colored or white. lb 36G,
$3.50; average run, 35(a35hc: lower
grades. 92@34 nc; twins, specials. 36n,
40 &c; average run, 35M35hc; lower
grades, 32Cal34 hc; flats. held. 371ao
o9c; twins held, 37hM3sc; Wisconsin
Wnoie milk, twins, held. 371s0n3Sc:
s13e s1ngle H dalsies held. 2S@3S1sc; fresh.
90 90 -s@ 5sc; double daisies, held. 371sCI
Soc' young Americas held. 39640c;
90 '.,, ~ 90 72Vefoc, state. skins, specials,
.SW 29c; prime to choice. 26@ 27c; fair
10 good, 2o1l25c; lower grades, 120lsc.
Eggs Receipts totalled 10 b21 cases
Fresh gathered. extras. dozen. 6A0I
64hc; extra firsts, 63m6SLc: firsts
81 p "a 62c; seconds and poorer. sea-
Gle; dirtics. No. /. 56M57c: No. and
poorer, 53M55c; checks. good to choice
dry. A9Mblc; under grades, 4sM4sc:
refrigerator, 43@5sc; state, Pennsyl.
vania and nearby Western, hennery
whites, fine to fancy, 6sn70c; ord.
mary to prime. 6S@67c; gathered
New-York tribune., 1919-01-18

cents, together with the intrinsic gold
parity, as calculated hy the United
Stntnc Mini.
New-York tribune., 1919-01-18

Corn.-The corn market was feversh
during yesterdays session and after
an early advance of to 1l2 cents,
prices broke over 2 cents and closed
with only partial rally from the low
est. 1t was evident that underlying
sentiment was again inclined to lean
to the bear side, but in some quarters
there was disposition to exercise eau
ton about taking heavy risks on the
short side of the market. An an
nouncement by the United States Ship
ping Board, after the close of the mar
ket, that hereafter charters for steam
crs between the United States and
South America will not be regulated
as to rates, but will be thrown open
to competition, was looked upon as
containing bullish significance in con-
nection with the importation of corn
from Argentina. The question of the
future of the hog market was again a
disturbing element, especially as re-
ports from Canada said that the price
there had declined 2 to PA cents, and
that hogs were selling y cent below
the American minimum price.
Yesterdays Previous Year
New-York tribune., 1919-01-18
-htaturit1@-.

The Federal Reserve Bank Of New
York has put in force the following
schedule of reGiscount rates which
apply to bankers acceptances: Ma
turtles up to Is days, per cent; 16 to
sc days, inclusive, AZ per cent; e1 to
80 days, inclusive. y per cent.
New-York tribune., 1919-01-18

Discount Rates.--The following cable
gives the current rates of the twelve
Federal Reserve banks on commercial
paper for all periods up to ninety days:
New-York tribune., 1919-01-18

apply to bankers acceptances: Ma
turtles up to Is days, 4 per cent; 16 to
&C days, inclusive, AZ per cent; 61 to
80 days, inclusive: 4 p per cent.
Bank Clearings. clearings yes
terday were:
Exchanges Balances.
New York -. $780, ,894,5O5 $70,013,485
Boston .... 65,777,078 1914 $3.50
Philadelphia 9o,e5o,867 22,613,847
Siiver.-London, 4S7sd, unchanged;
New York, 1o1 sc, unchanged; Mexican
dollars, n &c unchanged.
Sub Treasury. The Sub-Treasury
lost $4,000 to the banks on Thursday.
Bank of France.-PARIS, Jan. IT
The weekly statement of the Bank of
France, with the changes from week
ago, follows, in francs:
Gold 49,. 5,498,5o5,ooo Inc. 6,207 900
Silver 316,617,ooo Dec. $4,000
Circurtn 32,o78,663,ooo Inc 511,s13,ooo
Gen. dep 1850, $4,000 Inc. 34,344 GOO
Bills dis. 1,2o0,o21 900 Inc 161, ,168, 900
Trea. dep. 46,980,o0O Inc. 6,35 900
Advances. 1,2o5, ,374,0Oo Dec. 23,oo1 600
Bank MISUNDERSTANDING through
the banks at fifty leading cities of the
country this week amounted to $7,112,-
o23 900, according to "Bradstreet's," a
decrease of Sc per cent compared with
last week and an increase of 20 per
cent over the corresponding week Of
1918.
London Money Market. LONDON,
Jan. l7.-Money was firm at per cent
Discount rates were: Short and three
month bills, 3 1872 per cent. Gold
premium at Lisbon was 67.o0.
New-York tribune., 1919-01-18
Call money:

Commercial Paper.--Thcre was an ac-
tive market for commercial paper, with
the longer bills moving on 5h to ~.
per cent discount basis.
Bank Acceptances.--Rates were un-
changed yesterday as follows:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent.Per cent.Per cent.
+ lig b G
member
banks .4A@4 4h@4h 4h@4l4
Elig lie
non-mem-
Der banks.44@4Ia 4ss@4A 4ss@4h
Ineligible
bank bills.5N@5 5Is@5 sM@s
For delivery within 80 days:
Per cent.
Eligible member banks. Ak
Eligible non-member banks ..... Afr
Ineligible bank bills.
New-York tribune., 1919-01-18

One careful student of business
conditions considers the outlook this
wise; The slowing down of bust
ness, the natural shading of prices,
the tendency to limit purchases and
trim sales, is leaving the banks with
large surplus funds. In spite of
the enormous growth of the last
four years, the banks of the coun-
try are in sound condition. They
are not heavily loaned up. Inter-
estsrates, though not low, are not
high. Their tendency is slightly
downward. There is q general
tendency to bring prices and costs
back to more normal relation.
These are the indicators of a period
of readjustment, and restoration Of
confidence, and not of impending
collapse.
New-York tribune., 1919-01-18

Pessimism is not usually the pre-
lude of panic. 1t is in periods of
general enthusiasm and glowing op-
timism, when caution is thrown to
the winds, that business and fnan-
cial disasters are brewed. At the
present time even the Office boys and
speculating bootblacks aye advising
their clients and listeners as to the
wisdom of caution.
New-York tribune., 1919-01-18
he range of prices follows:
COTTON STATISTICS

i1'vgrpooi IN. cables: Spot cotton Quiet.
l0 points higher at 19'oad.. sod.
The Penn's Grove record., 1919-05-23
Personal and Social Notes
The Whereabouts and DOings of
Good People You Know

Albert Peterson. of Philadelphia,
visited his cousin, Mrs. Edward Sum-
merrill, on Thursday.
Mrs. William Diver is visiting her
son, William Diver, wife and grand
son, in Newark, N. j..
DIR. and Mrs. c.. L. Lambo1n spent
the past weekend with Rev. VIM. Dis
brow and family at Tuckerton, N. j.
Earl Shape, son of Walter Shape, ar
rived in New York last Monday from
France. He is now at Camp Dix.
Mrs. Gussie Adams and son George
W., of Asbury Park, are spending the
week with her sister, Mrs. Walter
Edgar.
Mys. Susan Layton, of Skarptown,
has been spending a few days with
her nieces, the Misses Layton, on
Beach Avenue.
Mrs. Phoebe Mattson and Mrs. De-
borah Hillman accompanied Mr.. and
Mrs. Wa ter Randolph on a motor trip
to Trenton last Saturday. Mrs. Matt
son remained to spend ONE time with
her daughter, Mrs. Harry Hack.
Frank w. Diver, who was in the Iron
Division of Pennsylvania, in France,
arrived at Camp Dix on Thursday of
last week and visited relatives in Will
mington and Penns Grove. He will
be discharged in a few days.
George Fuller YVES an over week
end visitor at his home in Ocean City.
He began as a DUPONT guard in October,
1914, and was one of the last to be
dicharged in April, with the highest
recommendation from Major Clark.
He is now a guard at the Ordnance
Depot.
The members of the Salem County
Medical Society and their wives n
joyed Wednesday afternoon socially at
The Salem Country Club and partook
Of a shad dinner. Those present from
Penns Grove were DR.. and Mrs. C. l..
Fleming, DR.. and Mrs. Mentzer, DR..
and Mrs. c. L. Lamborn. Covers were
laid for forty-five.
Edward, son of DR.. Blitzstein, has
returned home from the University
hospital, Philadelphia, where he under
wnet an operation for appendicitis.
The Penn's Grove record., 1919-05-23
Advantages Of Cooperation
Timely Advice Why Penns Grove
Citizens Should Work Unitedly

About SO members of Penns Grove
Chamber of Commerce were in atten-
dance at the meeting last Monday
evening and heard Mr.. E. j. Berlet,
Director of Philadelphia Chamber of
Commerce make a concise and forcible
address on the Advantages of Co.
Operation"
He had read that Penns Grove was
a war boom town. While the war had
ended it should be kept a boom town
by hearty cooperation of the citizens
in a civic organization for mutual
benefits. After some persons reap
personal benefits they stop when they
can not see it continued. The bene-
fits to others brings an indirect bene-
tit in which all should have a civic
pride. Do not attempt too many
things. Use tact and united concen-
trated efforts. Make reasonable ap-
peals and do not attack.
Advertise in public places and
keep the Towns advantages before
public men prominent in industries.
Be ready to furnish information. If
you do not have pride and boom your
own town you cannot expect others to
do so. Think well of one another and
work Fundamentally together. If SIS
a wear or month will not make your
Chamber OF Commerce go, pay the
price. 1t will be worth the money.
Mr.. Berlet was accompanied by At
torney S. Rushing Leap, who introduce
ed him.
At the business session F. A. Cen
tieu, presided. The project for a new
station and Borough Hall were spoken
on and the need of protecting the
Trolley Company from jitney compe-
tition was referred to the committee
for consideration.
The County Board CT Freeholders are
making an effort to get money from
the State Vehicle Fund for improve
ment of the road between Penns
Grove and Pedricktown. To add IN
timent and force to their efforts a
resolution was passed urging this i'm
provement. Secretary Edgar was di-
rected to forward it to the State High
way Engineer in Trenton.
Mr.. Ziegler reported that represen-
tatives of industries had viewed the
land adjoining Penns Grove and some
had been f~avorably impressed with the
location. 1t is hoped to get industries
here to hold the people from moving
elsewhere. The Chamber of Com
merce is striving hard to get an in
dustry which will give work to
ONE
The salary of the Secretary was
voted upon and the finance committee
was directed to apportion the expense
to the members. The Secretary was
commended for his energetic efforts
being made.
The Penn's Grove record., 1919-05-23
Wedding Anniversary

On Sunday evening, May Is, Mr..
and Mrs. B. Freedenberg, IA N. Broad
Street, entertained the following
guests in honor of their fourth we'd
ding anniversary:
Mr.. and Mrs. Sam D. Rosenbloth,
Misses Sylvia and Trixie Rosenbloth,
Mr.. and Mrs. Chas. Kinda, Mr.. and
Mrs. Morris C. Landy, Mr.. and Mrs.
Max Neustadter, Mr.. and Mrs. VIM.
A. Cha:tt, Misses Esther Bress and
Mollie Dress, Mr.. Joseph Friedberg,
Jack Schultz, Ben Tollin, Louis Bern
stein, Harold CHAT, Harry Dress,
Mrs. Lidei Leffingwell and Misses
Elizabeth and Margaret Leffingwell,
of Philadelphia, and Mr.. Sam w. Har-
ris, of New York, and others.
The Penn's Grove record., 1919-05-23
Carney Point Chronicles
Workers Doings, Enter.
tainments and EnjOyments

h. A. Curry, of A E Street, who
vas employed as a pipe cutter at No.
l Plan, Tor four years, moved with
his family on Tuesday to Glassboro.
Samuel Miller, of 2099 Avenue C.
las moved his family to Chester,
,4.ere ne has a position with the Sun
5hlp1uiId-ng Co. md
MIS-. J. w. Rodman, of Connells-
vine, IA, is spending sometime with
ner daughter, Mrs. L. E. Porter and
Ger son, l.. A. Rodman.
Miss Name Layton, teacher of the
tn gltGe, Lafayette School, has ac-
cepted a clerical position in Wash
ne oOl. Mrs. James Fox is filing the
.~~aAcy until school closes.
William Hewes, Jr.. at 1867 Harri-
son Street, who was crushed by an ell
evator at Deep Water Works two
,5eeks ago is recovering nicely.
Clean-Up Week May 1851
The week of May 1851 has been
designated as "Clean-Jp Week" for
he village and it is to be hoped that
Ill tie residents will cooperate with
ne Sanitary Department in maintain
ng a clean and healthy settlement.
:. D. torch, the Superintendent for
he DUPONT Company, has issued the
following notice which should be care
fully followed by all: please gather
all your trash, rubbish, scraps, ETC.,
and leave it in the back yard where it
can be easily collected and hauled
away during the week. All papers,
magazines, scraps, etc., should be
fastened with string. All loose arti-
cles should be paced in n pile ear
alley.