davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-02-03
The present favored condition Of the

The present favored condition of the
industry was commented on at q recent
meeting in Berlin of representatives
OF nearly all German iron and steel
plants, bridge builders and car works
ana some shipyards and foundries. The
present scale of rewards to EMPLOYERS
ana "orkmen, 1t was argued, can only
pe prolonged when peace returns bv
protection against foreign competition
and by the annexation of territory which
VIII increase Germany's supply of raw
materials. Only German peace can
MAINTAIN the German steel industry at
us present or prewar level and pre-
vent !! from assuming a less command
ing role after the war than it had be-
1ore. The unfavorable possibilities
ahead of the German steel trade have
been clearly emphasized in the answer @
OF German professor, when asked TO
what extent the German iron mines
can supply the ironworks of the coun
Try after the war. He replied that in
the peace negotiations the pressing
needs of the German iron and steel in.
oustry must be especially watched.
that first of all sufficient sources of
iron and manganese ore must be as
sured, for on such supplies depends
the existence Of the empire and the
people,"
Inc increasing fuel shortage has led
practically all the European govern
ments to impose restrictions of some
sort or other on private MOTORING In
England only essential JOURNEYS can no
undertaken regardless of whether the
car owner has supply of petrol held
over from the time when restrictions
IN the use of petrol were unknown
the police having instructions to prose
cute people using motor vehicles for
pleasure or unesscntial purposes. In
France, although a greater supply Of
petroi Is available, the restrictions i'm
posed on the use of private motor
vehicles by the authorities arc continu-
ally increasing, and it is more than
probable that early in this year the
use Of petrol for other than Official
ana essential purposes will be abso
lutely prohibited. The Dutch govern
ment has prohibited the sale of petrol
and all petrol substitutes used for the
purposes of private motoring. Petrol in
Italy is extremely scarce and the Ital-
ian government allowed itself to be
f1urried into hasty legislation. A de-
cree was issued forbidding any but
military cars the use of the roads,
and in consequence the big factories
building vehicles for the government
were unable TO test their machines.
The order was then amended to permit
test cars the use of the roads, but no
ether concessions were made In Switz-
erland it is reported that private
motoring has ceased for some time ow-
ing to the scarcity of petrol. The
newly-made nillonaires of Norway
and Sweden are able to indulge in a
limited amount of motoring, which ow
ing to the high cost of imported vehi-
cles and of the fuel, tires and lubri-
eating oil will not bear examination in
regard to economy.
New-York tribune., 1918-02-03
Field Work Badly Handicapped

The unusually severe weather last
month, extending into fields where low
temperatures have not penetrated in
recent years, either greatly retarded
field operations or brought about a
complete shutdown. Even as far
South as the Gulf Coast worknen were
obliged to lay off, while frozen pipes
and cutting winds through Northern
Texas and Oklahoma paralyzed field
work.
Furthermore, strikes in Texas and
Louisiana, the congestion of freight
on the railroads, the scarcity of oil
sections-all combined to check work
and prevent the completion of wells.
Many of those reported as completed
are wells that were started in No
vember or October. In several sec
tions wells have been shut down when
half drilled or near the sand and are
still standing idle waiting for better
weather conditions. Operators are
anxious to get to work. The cold has
not only checked new work, but has
prevented the pumping of wells, and
the output of the leases is conse-
quently reduced. While the wells will
come back as soon as they can be
pumped regularly, the producer is
urged by the loss of his production to
freshen it with new wells, and this is
more activity in the carly spring.
Many Rigs Waiting to Drill
considering the conditions in the
field, the new work at. the end OF
January MAKES a good showing" says
"The Derrick" "There were 1929 rigs
waiting to drill at the close of the
month, and 3,529 wells drilling, the
total being 1928. The net decrease
was 80, as compared with the December
report, there being a gain of nine in
the number of rigs and loss of eighty
nine in drilling wells. 1t will be re-
record in the amount of new work
under way or standing at the end OF
the month, and the January report is
the next best one ever made. At the
close of January, 1917, the new work
totalled 1898, so that the present one
shows an increase of nearly ZOO, and
is larger than for any other month
last year except December. The di-
visions showing an increase in opera
tions are Northern Louisiana and Okla
homa, while the loss in other divisions
is generally small, the largest decline
being thirty eight, in the Gulf coast.
AAHoHS luS coiIpleIloio we're oOo
dry holes and 1873 gas wells, or LOT less
failures and six fewer gas wells than
in December. More than half the fail
ures were reported from Oklahoma and
Kansas. Thirty per cent of the COM
pietions in the Texas Panhandle fell in
the dry column, and nearly one-half OF
those in the Gulf coast were non-pro-
ductive, and Northern Louisiana re-
ported eight losses out of the thirteen
drilled in. Subtracting the failures
and gas wells from the total compile
tions leaves only 76S productive oil
wells, which is the smallest number re-
ported for many years. In December
the number was 1,177, for November
1,524 and in October 1871. which made
q new high record
New-York tribune., 1918-02-03
Municipal Borrowing Reduced

State and municipal borrowing in
January was much reduced, amounting
in the aggregate to S15,479000, ac-
cording to "The Daily Bond Buyer"
compared with $3s. .o49, 900 in December.
The marked reduction in the volume
of borrowing of this character IS prin~
New-York tribune., 1918-02-03
Bank Resources in
Principal World
Financial Centres
Greatest Expansion During War
Takes Place at New York
and Petrograd

Banking resources of some Of the
principal cities Of the world at or
shortly before the outbreak of the war
when compared with the latest availa-
Bile figures are seen to have expand
ed most in New York City and in Pc
trograd, not taking into consideration
the changes that may have been
brought about in Russia within the
past six months.
The total resources of the New York
Clearing House banks at the close of
1917 were s11,566,s67 900, compared
with sS,714.125,0OO in 1914. In arriving
at these totals the items capital, sur
plus, deposits and loans are included.
In November. 1914, the total assets
of the banks in Petrograd, including
the Bank of Russia. amounted to S3,-
100,000,000. In October, 1916. they had
nearly doubled, the aggregate being
s6,15O, 100000.
The figures for Toxic are particu-
larly interesting in that the expansion
of the Japanese banks has apparently
not been commensurate with the ex-
pansion Of business in that country as
the result Of the war. In 1914 the
paid-up capital, reserves, deposits and
loans Of the banks totalled 1.256784,-
600 yen, or about s62s,ooO.ooO. At the
end of 1916 they amounted to $685.
100000. Assets of the seventeen Lon
don Clearing House banks mounted
from s4,s40,o00, 900 at the end of 1913
to s5,S45, 100000 on June 80, 1917.
The latest available figures for all five
cities compare with the pre-war figures
in detail as follows:
New York City
Clearing House banks 1914. 1917.
Capital ......... S203,950 900 $238, I5o'oOs
surplus .. 5o8, ,486, 900 558, ,oe6 .0Oe
Deposits a, ,e02 2,777.0oo 6.618, 2e2 ,00c
J Loans, etc. ..... 3,oe3 600 4.151,73s,ooe
Toxic
Paid-up capital :. $54,2oe, 900 $4,000. .ooe
Reserve 90 O3O, 900 %, 900 .oOl
Deposits ....... 2a2,os4,5o 281. .ooo, ,ooe
Loans Goo, ~ ,oVo %o@'0oo'o0s
Buenos Ayres
Equivalent in American money!
Dec. 81, 1913. Oct. 81, 1917.
! Deposits in current
accounts and in
savings banks. $500 300. 900 $S22,o0O,oo
Discounts and ad-
vanceS ........ oo,fUO,UOO ooS,SoOoOo
Cash reserve 44,OOO, 900 352, $50 900
Capital subscribed I'll, 800 600 1851 ,U0O
sPetrograd
Nov, 1914. Oct, 1916.
Total assets SO, 100, 900 900 So, 600 900
London
End of 1913 June 80. 1917.
ing ing Hse bks. $40. 900 900 s5s4s. 900 900
*Includng Bank of Russia.
New-York tribune., 1918-02-03
Money and Credit

An increase of Sill, 1,37s,00O in loans
and discounts of the Clearing House
banks, as indicated in the statement
issued yesterday, was largely the re-
suit of operations Of the United States
and foreign governments at this CEN
ire. United States deposits increased
from s243, ,O00. .cS0 to 100000. Net
demand depo~ IS of the banks increased
N7,5i0,0 900. Surplus reserves decreased
$34,574,45O and seood at $62,307,3O0 at
the end of the week.
The actual condition of member
banks shown by the Clearing House
statement yesterday follows:
Loans, discounts, invest
ments, etc. 50, ,225, ,260, 900
Cash in vaults of Federal
Reserve members. go. ss,73o,o
Heserve in Fed. Res. Bank 526, 600
reserve in vaults of state
banks and trust comics. 17,914,OOO
reserve In repositories. 8,642, 900
Net demand deposits. -. 1863, 4,253 ,0C0
Net time deposits. ....... 2o1 ,241 600
Circulation .............. 34.162, 900
aggregate reserve. 553,54O, 900
Excess reserve........... 62,307. 800
United States deposits deducted,
New-York tribune., 1918-02-03

Closing rates yesterday, compared
with a week ago, are given in the table
below. American bankers have sus.
pended all dealings in German and Aus
trian exchange, so that daily quotations
for either marks or kronen are no
longer available.
(QuOte ed dollars to the nound)
New-York tribune., 1918-02-03


~"'~-S" week
RESOURCES
Go3s os sss9s sssg7egooo s4soiSSo o e
f;o'd % sitement lund 38021oOOO
'o'u VIII" ioie'sn agencies. 525ooo0o
i0ta, % go'd held by banks.. $s15,ssa0oo
Gold with Federal Reserve 786s7ooo
0'u 'eue''p''on iund 19427,00O
1oal gold reserves. $1717o22ooo s72e5o7ooo
N'ea' e"oer notes. silver 5s435,ooo
m Total .......... s1775457ooo s17a275eooo
bis tedmembers
~ ~ " po" MARKET 289805OOO 273,912000
Total bills hand. 900
united m & States ssaoS sSeSsSoo
" ~ Gaining "Sse'S. e'S.''''''..... 3,805OOO 100000
~ Total earning assets s1osao2oooo so2ee7oooo
iJncoleo " ar. NeSerVe oahk-net 44A56 32505G00
~ e"' '''''' 321,994OO0 323703000
% deductions from deposits sae45oooo
fund Fed.
eral Reserve note sazooo sa7ooo
All other resources sssooo S5s 2o1oo0 %
Total resources s37eo230oo ss16e75oo
LIABILITIES
capital pad n n:.................. 72e2oooo 72439Ooo
6ove 3 rnment deposits 1327eo0oo 1356910oo
un TO member bansReserve
Other deposits govt edits 76s00o 37697000
surplus 1,134O00 1,t340O0
Total deposits $s544s6o0o
Tedera reserve 1236101000
Federal Reserve Bank in ation, 49,
Al, os oser "9iy 5j5t}t;:: seesSoo ss9 200 ss
Total liabilities $3,e023oo0
633
Ratio of total to Federal
comblhed,
New-York tribune., 1918-02-03
Second Important Merger

When the merger of the National
Provincial Bank of England and the
Union, Of London, and Smiths Bank
was announced in December the ANAL
gamation was described in London as
a development of exceptional import
ance, and the greatest even of its kind
in the history of banking in Great
Britain. In point of resources involved
the latest merger is equally important
Amalgamation of English banks is said
to be one result of the centralizing in
tionS generally.
New-York tribune., 1918-02-03

Acceptance Rates.-Current hid nrices G
for prime acceptances are as follows:
Thirty Sixty Ninety
Spot delivery: days. days. days.
Eligible member
banks. ....... 4is%o 4Soh q q
Eligible nom
member banks 4ldeo 4lAon 4loL
Ineligible bank
bills ........ S % S % 5 %
For delivery within thirty days:
Eligible member banks. 4M%
Eligible non-member banks. go. 43a%
Ineligible bank bills. 6 q
London Money Market.-LONDON
Feb. 2.-Money was quoted at 3,s per
cent. Discount rates for short bills,
1-32 per cent; three months bills,
1-16 per cent; gold premium at Lis
bon, 1000.
New-York tribune., 1918-02-03

cipally due to the general tendency to
postpone non-essential borrowings, in
order not to compete with the United
States government. Hereafter it is
probable that no issue of state or
municipal bonds amounting to more
than a few hundred thousand dollars
will be publicly offered for sale until
the Treasury Department st Washing-
ton has been given an opportunity to
pass uDin it.
New-York tribune., 1918-02-03

Federal Reserve Discount Rates.
Official rates Of discount for each of
the twelve Federal districts are as fol-
lows:
New-York tribune., 1918-02-03
The changes from week ago we're:

Inc changes from q week ago we're:
Increase.
Loans and discounts. .... 81 1,378,000
Cash in vaults of Federal
Reserve members. ...... "5,sss. 600
reserve IN Fed. Res. Bank. "31,047 600
Reserve In vaults of state
banks and trust companies 1900. .OOO
Reserve in repositories. *513.O0O
Net demand deposits. ..... 17,540,00
Net time deposits. ........, *3,O55. 900
Circulation ............. $1,000
Aggregate reserve. ........ *32, 10000
Excess reserve. e............ s34,374,450
New-York tribune., 1918-02-03
Oil Production
Is Curtailed by
Severe Weather
Loss of Over 10000 Barrels
Reported on January
Operations

During January l,2O1 wells were
completed in the oil fields covered by
the coil City Derrick's" monthly re-
port of operations. The new produc-
tion obtained was 50,ll1 barrels Com
pared with the December report, there
was decrease of 522 in the number
OF wells completed and Of 3O,724 bar
rels in new production. With the ex-
ception of the Central Ohio division
and the Gulf Coast, there was a
smaller number of completed wells e.
ported from each district, while all Of
them, with the exception Of Kansas,
showed loss in the amount of new
production Work in Central Ohio
was largely due to the gas companies,
while the Gulf Coast obtained its in
crease through the completion of wells
delayed the previous month by the
strike.
The compilations for January were
smaller than for the spondng
month since 1915, when only 931 wells
were reported. But at that time the
Gushing field had shut down opera
tions elsewhere, and the gushers there
helped to make the production for the
month 1855 barrels. In January
1917, the completions numbered ABA,
with new production of 94,391 bar
New-York tribune., 1918-02-03
Niagara Falls Power Redistributed

The output of the hydro electric
plants at Niagara Falls has been re-
distributed among the several indus
tries using the current and priority
given to plants manufacturing muni-
tions or filling orders for the govern
ment, according to report on business
conditions issued by Pierre Jay, chair
man of the board Of the Federal Re-
serve Bank of New York. Many plants
which manufacture products essential
for war, Mr.. Jay points out, have been
affected by the shortage of fuel and
transportation difficulties due to the
extremely cold weather.
New-York tribune., 1918-02-03

Boston ........ H,126, ,805 4,895, ,391
Silver.-Bars in London, 43Ad, un-
changed; New York, $3.50, unchanged;
Mexican dollars, 684ac, unchanged.
Sub-Treasury.-New York banks
gained from the Sub Treasury s194,oo0.
New-York tribune., 1918-02-03

Bank Clearings.-The days bank
clearings at New York and Boston
were:
Exchanges. Balances
New York. 1886, ,670,631 $e5, ,sss, ,5e5
Boston 7,126,805 4,8o5, ,391
New-York tribune., 1918-02-03

Federal Reserve Banks

"AonlNGON Feb 2Nine million pold "o hu +
gaph th1s by the nccord;ng
nnanca statement The that amount in cd ]
mainly TO ocay bank o
oh giving notice of Consequently neither hrI 80
oo The FRIDAY comnared v ~
~S"ip"ieo inc week
New-York tribune., 1918-02-03

United States deposits deducted,
sso2,ssl, 900.
New-York tribune., 1918-02-03

*Including Bank of Russia.
Cleveland County herald., 1918-12-26
HINDENBURG MAY
 START REVOLUTION
ADViCES TO PARIS SAY HE IS ESTABLISHING NEW FRONT
 NEAR RHINE.

Paris,-Field Marshall von HindeI1- burg has telegraphed the Berlin gov ernment advising it of his intention to form a new front six miles behind the neutral zone fixed by the armis- tice, according to 8 dispatch to Le Journal from Zurich. The govern ment has asked. the field marshal for an explanation. adds the dispatch, but has not yet received a reply.
 It also is announced two regiments of the active army will be sent to Frankfort-on-the-Mai at an early date.
 The correspondent affirms that Maj. Gen. Scheuch, the Prussian war min ister; Field Marshal yon Hindenburg and Gen. Lequid (probably Lieut.. Gen. Lequis, former governor of Metz), who is in command of the active troops in Berlin, are behind counter revolutionary movement. He declares the existing government is manifestly incapable of preventing the realization of their scheme.
Cleveland County herald., 1918-12-26
PRESIDENT WILL
 VISIT ENGLAND
DECIDES TO GO FOR CONFERENCE WITH LLOYD GEORGE AND
 MIR. BALFOUR.

London.-The Press Association is- sues an official statement that Presi- dent Wilson is coming to London earlier than expected
 "The premier's departure for Paris has been postponed in consequence" the statement adds, "and President Wilson and the premier will hold in London the preliminary conversations which were to have been held in the French capital"
 It is on the presidents suggestion that he is coming to England next week. A communication to that eff feet was received by the British gov ernment. A reply was sent to the president welcoming the suggestion.
 As result it will not be necessary for Premier Lloyd George and MT. Balfour to go to Paris, as it is expect Cd that the conference between the president and the British statesmen preliminary to the inter-allied confer ence in Paris can be completed during the presidents stay here.
 While no official statement could be obtained at the British Foreign Of flee regarding President Wilson's pos sible visit to England, it was said that it is believed he will come either Friday or Saturday.
Cleveland County herald., 1918-12-26
]. I'VE, E. E, Gag5,sp E aN % n@ co D S AVue < u'A.
CHEAP RATIOMS FOR HORSES
Animals Performing Hard Work May Be Given Straw and Corn Stover
 in Limited Quantities.

Prepared by the United States Depart
 ment of Agriculture.)
 Cheap feeds, such as straw and corn stover, have a place in the horse ra- tion. For growing colts and for horses doing hard work these roughages may be fed in limited quantities, supple mentary to more nutritious ration.
 A caution is timely in regard to feed- ing bulky roughages low in nutrients. Horses have comparatively small StomachS and their digestive anatomy is in no way suited to handle great bulk of feed. Little nourishment Is derived from pound of such rough- age, and in maintaining a hardwork- ing animal too great a bulk of feed would necessarily be taken into the body. It is therefore desirable to con- bine with limited quantity of stover or straw sufficient legume hay, grain, or other nutritious feed to meet the in- dividual requirements of the horse. A small portion of some laxative feed, such as silage, roots, bran or alfalfa, may well be included in a ration con. taining a large proportion of corn stover or straw.
 Cottonseed meal has met with cons siderable disfavor among horse feed- CTS, but it may be fed in limited quan- titles if due care is exercised. It is
Cleveland County herald., 1918-12-26
AMERICAN FLYERS
 TOOk HEAVY TOLL
BROUGHT DOWN 854 GERMAN AiRPLANES AND 82 GER
 MAN BALLOONS.
LOST ONLY 271 MACHINES
When Armistice Ended Fighting There We're 39 Sqaudrons at Front Personnel Was 1,161 Officers
 and 2S,353 Men.

Washington.-Ame airmen in German airplanes and 82 German bal looms, against an American loss of 271 planes and 45 balloons, according to a report cabled by Maj.-Gen. liar bord on December 18th and made public by the War Department. De partment. Destruction of the 354 of the enemy planes and 57 of the bal looms had been officially confirmed.
 The total casualties of the Ameri- can air service in action are given as 142, including 109 killed, 1O3 wound ed, 200 missing, 27 prisoners and three interned.
 When the arnistice ended the fighting, the report said, there were 39 American air squadrons at the front. They included 20 pursuit, six day nd one night bombardment squadrons and five army, 12 corps and one night observation squadrons. The total personnel was 2,161 officers and 22,351 men at the front with an ad- ditionaI 4,643 officers and 28,353 men in the service of supply. Eight Amer ican flying officers were detailed with the British army and 49 officers and 525 men with the French forces.
 The total strength of the American air service in France was 58,U00, of whom 6,861 were officers This was exclusive of the air service mechan- ics regiment with the French army, numbering 109 officers and 4,741 men.
Cleveland County herald., 1918-12-26

 be to standard of living reconsider his of his people,
  fleeing However the
  carload the didn't to siderable of a hurry. Rhine because the acuang Germans tired
  sona andth blessed with gift of prophecy.
Cleveland County herald., 1918-12-26
GROUND SOY BEANS FOR PIGS
Found to Be About 10 Per Cent Supe- rior to Wheat MiddIings in Test
 at Wisconsin.

As a supplement to cornmeal for growing and fattening pigs, the Wis consin station found that ground soy beans proved about 10 per cent supe- rior to wheat middlings, figuring the cost of the feeds as the same. The h. diana station compared rations of two parts of cornmeal and one part of soy-bean meal with cornmeal and wheat middlings in equal proportions and with five parts of cornmeal and one part of tankage for pork produc- tion. The soy-bean ration produced the largest daily gains, and this with the smallest quantity of feed consumed for each pound ef grain.
Cleveland County herald., 1918-12-26
Report on German Losses.

New York--When the total German casualties are published, the number of dead will be about 2,000,00O, accord ing to the Cologne Gazette of Novem- Der 25, copy of which has been re- ceived here. Up to October 25 the to- tai casualties reported were 6,066,769, of whom more than 4,750,000 were PrussianS.
Cleveland County herald., 1918-12-26
Methodists to Raise Big Sum.

Memphis, Tenn.-Plans for the $35, 100000 campaign from April 27 to May 1, 1919, and fo rthe approaching historical celebration of the one hun dredth anniversary of American missions at Columbus, Ohio, begin hing in May, were considered at the netting here of AS Methodist confer ence field secretaries and 75 laymen.
Cleveland County herald., 1918-12-26
nauu Must Have 100000 Men.

Washington. - Two hundred thou sand men must be recruited Into the navy next year to take the places of those demobilized. Capt. H. Lan- ing. chief of the bureau of navigation, made this estimate when asking the House naval affairs committee for an appropriation of S12,00O,000 to cover transportation and recruiting eX- panses for 1920.
Cleveland County herald., 1918-12-26
"Leak" in Oklahoma Dry Law.

Oklahoma City. - In reserving a decision of the county court of Har- mon county, the Oklahoma Supreme Court decided that the Ferguson "bone dry" law, passed by the 1917 Legislature, does not prohibit bring ing into the state legally acquired li- Quor for personal uses.
Cleveland County herald., 1918-12-26
cAs < To Aidina German Ships.

San Francisco.-Pleas of guilty to an alleged conspiracy to supply Ger man warships at sea through the chartering of vessels here, in viola tion of the neutrality laws, were en- tered here by four shipping men, two shipping firms and the chancellor of the former German consulate here.
Cleveland County herald., 1918-12-26
British Fleet May Visit u. S,

London.-It is reported the admiral ty views favorably the suggestion that a large part of the British fleet, com manded by Admiral Sir David Beatty, should visit the United States. It is asserted, however, that no date for the visit has been fixed, but it is un- derstood that it will be made imJne- diately after peace has been signed.