davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-03-03

observe, IN the table above, the
rise Of wheat TO $L92, the later fixing
Of the 1917 price at S2.17 and its refx-
ing at that figure for the next crop.
But the advance III rye, corn. oats
and barley has been remarkable and
most of it since the Hoover orders re-
curing the use Of such grains as wheat
substitutes. Why the price of these
grains we're not regulated no one in
Minneapolis knows. But wheat, be-
cause anchored in price. is to-day by
far the cheapest food Of them all.
One thing is certain. When the 1918
grain crop is in the ground it viii
represent the largest investment by
far that the farmers ever made. Seed
an acre pIoughing an acre and all the
other planting costs will be much
higher
What will the farmer do about it?
There are two arguments favorable
TO wheat.
The first is patriotism The farmer
ought to plant wheat because the coun-
try needs it, The second IS insurance.
Let the war end or what may happen,
the farmer preparing for his spring
crop can to-day take pencil and figure
out his estimated seed and labor costs
and by putting against it various acre
age yields that he may expect to real
ize under varying weather conditions
tell pretty closely whore he VIII get Off.
To plant the other grains is more OF
q gamble Yet crop of oats. rye or
barley all things considered. is more
likely to escane vicissitudes than is
wheat There is y percentage in favor
Of the "gectng in' Of & coarse grains
crop as against wheat. based on past
experience, especially of last year.
Suppose than that the Northwest
3 D.. i 4.,l-o
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-03-03
Coke Shortage Threatens

The "Daily Iron Trade Review
stated yesterday that blast murnaces
recently put in blast in the Pittsburgh
district will soon be forced to bank
again unless the oCnnellsville coke car
shortage is relieved
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-03-03

Under the railroad bill, the car
riers are guaranteed earnings after
operating expenses, including main
tenanoe and taxes, equivalent to APP
proximately $50 per cent on their
book value, Generally speaking.
therefore, they will be able to make
che usual dividend disbursements.
eou many or those roads which were
in doubtful position and which,
without relief of some kind, would
soon have been compelled to pass
or reduce dividends, probably will
be able to go on as before. From
now until at least eighteen
months after the war is over the
stockholders will be in a position
almost, If not quite, as secure, as
the bondholders, And yet examina-
ton of the market averages dis
closes this condition: though the de-
cline IN railroad stock prices which
eliminated last December was quite
as precipitate and extensive as the
slump in industrials, the recovery
Of the former since the first
of the year has not been nearly as
pronounced as the upturn in the
latter. This in spite of the fact
that Wall Street has had little doubt
at any time but that railroad earn
ings would be guaranteed in sub
stantlally the manner outlined by
the President. The explanation for
the lack of animation in railroad
stocks probably is this: while rail-
road shareholders, for the time
being, enjoy position, Of safety
comparable with that Of the bond
holders. they necessarily face in
some degree the disadvantages in.
herent in such a position. That is
to say, while income is certain. it
is limited; and as the imitation which
how is inevitable progresses, and
commodity prices rise to even more
fantastic heights, the purchasing
power Of the return on railroad
stocks must shrink steadily. We
have already seen the effects of this
upon bonds.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-03-03
Cost of one dollar
Vo%

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.
Quoted dollars to the pound.)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-03-03
Elections

Isaac Milbank has been elected a d.
rector Of the Union OH Company, sue
cceding John aGrrigucs.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-03-03

1ieies throughout the world. How can
sucn . condition be DEVELOPED if the
raw raw material supply is to be no larger
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-03-03
Federal Reserve Banks

"AolNGlON March A
'ns Federal Reserve
oanAS as 81 tne close
Tor members were s5o2525oo
port compared with that Of the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-03-03
News Digest
New York

Changes in Stock Exchange Firms
Inc following firm changes were an
nounced yesterday in the weekly bulle-
TIN Of the Stock Exchange: Admitted
to Lee, Higginson &, Co., Jerome D.
Green, Barrett Wendell, jr., and James
NOVEL;; admitted to w. II. Newbold's
Son d Co., Beauveau Borie, jr.; retired
from Bartlett Brothers e. Co.. Edwin
a. boardman; retired from Holmes,
Buckley & Wardrop, Harold Palmer;
admitted to Sutro Brothers, Alfred
Rau. In accordance with the provision
IN the Stock Exchange constitution
that the nominating committee shall
mold at least three meetings for the
purpose OF suggesting nominees for
the offices and positions which are to
De filled at the annual election on the
second Monday in May, notice was
gwen that these meetings will be held
March 6, Is and 20.
More British Treasury Bills To Be
Ofered.-1. P. Morgan & Co. will con-
tlnue to offer British Treasury ninety
day bills this week. The discount rate.
1t was announced yesterday, will be s
per cent. the same as last week. Less
than $50 100000 of these bills are now
outstanding, about S1O,OOO,0O0 having
been retired in the recent offerings.
Chatham and Phenix Bank Branch
Moved--The Chatham and Phenix Ma
tional Bank has removed its branch at
West Thirty-third Street to Fifth
Avenue and Thirty third Street. Ow-
ing to the rapid growth of this branch
larger quarters we're necessary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-03-03

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:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-03-03
~ Wealth Con2noerce
shown by the Clearing House statement
vectnyjav fo11ou,s.

shown by the Clearing House statement
yesterday follows:
Loans, discounts, invest
ments, etc. ............A ,a12, 361 900
Cash in vaults of Federal
Reserve members -. s5,733,ooo
Reserve in Federal Re-
serve Bank ............ Ass, sos, 900
Reserve in vaults of state
banks and trust Co.'S. 16,258,oOO
Reserve in repositories o,244,OOO
Net demand deposits -. 3,54O, 7O4, coo
Net time deposits .. 1874, $4,000
Circulation ............ 34,737 900
Aggregate reserve 484.311.OCO
Excess reserve .... 12.51O,85O
United States deposits deducted.
S43a 10000.
The changes from week ago were:
Loans and discounts. :. Inc $51 $40, coo
Cash in vaults Of Federal
Reserve members. Dec. 3,244,oOO
Reserve in Federal Re
serve Bank .Dec. 1896. GOO
Reserve in vaults of state
banks and trust cos. Dec $4,000
Reserve in repositories Dec. 2t3.OoO
Net demand deposits. Dec. 1921 GOO
Net time deposits. Dec 100000
Circulation ..-..,..... Inc. 2S9, 600
Aggregate reserve 49,. Dec. 1926, 600
Excess reserve ......... Dec. 45,275,23O
Acceptance Rates.-Current bid prices
for prime acceptances are as follows:
Thirty Sixty Ninety
Spot delivery: days. days. days.
Eligible member
banks 49,. 4Is9o 4l4qo 4l4%
Eligible nom
member banks 42sso 41a9b 41z%
Ineligible bank
bills ...... SEQ 5Ia9o 51z%
For delivery within thirty days:
Eligible member banks ........ 4Eo%
Eligible non member banks -. 4340o
Ineligible bank bills. .......... 6 %
Discount Rates.-Ofic:al rates OF
discount for each of the twelve Fed.
eral districts are as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-03-03
More British Treasury BILLS To Be
Chatham and Phenix Rank Rranch
Corporation Returns
American Bank Note Company.-

american Bank Note Company.-An-
nual report for the year ended Decem
Der 81, 1917, shows total income of
1924 ,O64. compared with S95l,257 for
1916. Net income amounted to 1884,
053, compared with Ss46,aO4 for the
previous year. Dividends were $685.
481, compared with s449,567 for the
year before. Surplus was $194,572,
compared with 1897 ,237 for 1915.
s. H. kress &, Co.-Net profits for
the year ended December 81 last were
81 ,465 ,461, compared with Sl.354 ,093 for
the previous year. Preferred dividends
amounted to $2S0,0O0, an increase of
$4,000 over the year before. Surplus
was $l,185,461, equal to 1888 a share,
compared with s1,214,093, or 1896, for
1916.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-03-03

Bank Clearings.-The DAYS bank
clearings at New York and other
cities were:
Exchanges. Balances
New York. $69o.734,746 $65, e32, $50
Boston 5000. 46,662922 7,o33.63o
Chicago $500. 90,971,554 4,923, 2e9
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-03-03
Bell Telephone Compauv Of Canod,

Gross revenue for the year ended
December 81. 1917, was s11 1867, 1893
compared with $10,37b,3ls for the year
before. Net revenue was $2,534,071
compared with s2,46a,242 for 1916.
Surplus amounted to s533.O70. com
pared with S470.450 for the previous
year.
Buffalo, Rochester & Pittsburgh
Railwny.-Thc company reports net in.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-03-03

Silver.-Bars in London were quoted
at 42l2d. unchanged; New York, S5lsc,
unchanged; Mexican dollars, CSC, I'M
changed.
Sub-Treasury.-The banks gained
s6S,363 from the Sub-Treasury yester-
day
London Money Market.-LONDON,
March 2.-Money, 3 per cent. Discount
rates-Short and three months bills,
So per cent
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-03-03
Outlook for Cotton

THE brief article beloao acas pre-
pared by the editor Of "The Ameri-
eon Wool and Cotton Reporter" for
The Tribuns.)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-03-03
n Power & Light Company

Sears, Roehuck & Co.
1918 1917
sales .:Sf6. 23S.39S s15 ~ 40
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1918-05-27
In the last hour. the rail department

In the last hour. tho rail department
Of the list gathered strength and actiri-
~ in this section was more pronounced.
The prime influenC" in the buying
movement; Of the carriers is the rather
confident belief entertain in cnnSrr\a-
tive circles and cnScndcrcd by hints
from Washington that TN" probabilities
arc messenger and freight rates viii b.
increased substantially within short
time.
There is no question hut that IN"
physical and financial status Of tn" car
ricrs from now will Il" far different
from that OF tn" past few years. and
with this end in view. nnc cannot but
conceive that beneficial results will nc
derived and tho rGlu" Of the many ral-
road shares he at least stabilized or re-
nertcd their Improvement status Irn-
orally In material enhancement in
prices.
In the industrial section OF tho list.
issues Of this typ" may "ncou Rt'"
stronger selling pressure especially II
th,> new tax program with it's Indicated
increased lcvi"S IL. enacted nj very
carly date. '0f course IN" war N"wS
from abroad will r., Il potent influence
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1918-05-27

EXPECTED IN
IRON INDUSTRY

NEW YDI;K. May @G.-Th" steel
trad" expects still further "ur,ailmcnt
Of commercial steel will follow CLOSER
rc-npcratiun with The government Tia
national requirements, according Ia
estimate. Will absorb tho
months. The establishment IL tn" ord
Rance plants and the other necessary
will lead Ia immediate de-
mand for heavy machinery and tool
equipment. and steps ar" being taken
to speed their manufacture.
The steel committee has recommended
several changes in basr and diffrr"ntial
prices rs established last january rs
we'll rs n curtailmcnt III the us" of
chrunlr are for refractory purposes.
Progress has been mad. i'll ihr sur
vry OF the iron industry and diS;UIhu-
tiuu will he mad. in strict accord with
national requirements. The government.
il IS understood. will only intcrrcn" IN
the matter Of supply when "ircum-
stances max" it imperative. y strict
Limitation or The uses I" which foundry
IRON may h" rul will hereafter II" an
piled. and the present Sh"rlRE" will at
least l." nomiual!y liEhIcnrd.
Tn" pric" ~ copper aIi'li";tbir after
Nav 81 has hc"n rr-cStahllshrd NJ - =
cents and will b" "ffcctiN" for SEVENTY
five days thereafter. Demand. Other
ihan for guv"rninrnl use, il lighi.
Lead continues firm und"r rn"r" a.
tive buying. Tn" spot prize" II: Now
York is quoted AT 10 In 20 cents.
trad" "A" Sp'Irr is established ut
l. cents. but prime western quiet and
easy ~ "a In =. cents New York.
Selling offers Of Straits I%tuhS and
English tin have weakened tn" chinese
product and buyers decline 1" bid OYER
S. cents for June shipments. Spot lin
ranges from ~ cents Grr chimes 10
SlUS for Straits.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1918-05-27
q
PENSION INCREASES q
FOR THE ENGLISH

LONDON, April 80 P.nSoin increases
just announced benefit chiefly widows
and children.
Pensions to widows arc raised from
onc-halt TO two-thirds OF the pension
that the husband might have been paid
had he lived ard remained incapable Of
earning his living. 'If he WAS earning
SO shillinEs a week before tho war. the
widow now can claim 50 shillinEs.
pence week. =.
Children are provided for az follows.
first child. shillinEs Spence: seconds
child. : shillinEs: each other child -
shilling; pence. illegitimat" child. ~
shiIlings s pence
Parents are now entitled u pcnsoin
il they arr incapable ~ srlf-support
owing TO age or infirm:;y and IRE in
need
Soldiers discharged rs medically unit
are to receive 81 ShillinEs pence r
wreck. with full childrcn's allowanceeh
until their pensions arc fixed.
'DiSnbiement or minimum pensions.
f, is announced. are based solely on the
decree OF physical disability and are
not affected by tho actual earnings OK
The man." But If disability becomes
worse. the mans pension may be IN
creased .--j;
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1918-05-27
MN A N q s

where women are employed. their work.
ing conditions must be healthful and
fitted 10 their needs He said all state
or local laws relating to hours and con-
ditons of employment must be observed:
carefully. -
Tho new board OF railroad wages and
working conditions is composed OF J. 5!e
Dcrmody. vice president OF the Order OF
halfway Tclcsraphers: G. II. Sines- vice
president Of the Brotherhood Of Railway
Trainmcn: 4. {. Wharton. head OF thu
railway employees department OF the
American Federation Of Labor; F. F..
Gaines. superintendent Of motive powell
of the Central Of Georgia railway: g.
f. Lindsey. maintenance Of way engineer
FOR the New York Central. and w. F..
Morse. general manager OF the Denver &
Salt Lake railroad The latter three
have resigned their positions with rail-
roads. The board will sit in Washing
ton. probably continuously. The board
will deal with organized and unorganizeG
employees alike. and the railroad admin
is,r:l;ion on its initiative take up th3,
claims OF railway clerks and other un-
organized men.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1918-05-27
IN
STOCK MARKET
AGAIN SHOWN

NEW YORK. May "s.-Gn the face OF
many conflicting elements. SOM" OF
which were almost disconc"rtinE. last
weeks stock market offered additional
proof Of stability.
Leaders closed 3 10 points under
their recent maximum. hut this SGT
back was regarded as nominal in view
of the incessant profit taking and fresh
arSressions OF the bear faction.
Rails were the sustaining features OF
the list. although this fact did not de-
velup until the later trading period
Conditions governing the transporter
ton systems have altered and shifted
so frequently OF recent weeks as I"
make for speculative caution in that d.
vision.
The sentiment created by The liberal
appropriations granted By til" govern
ment for upkeep was ncutralized TO
tdcgrce by the dirrctnr-gan"rafS deer
sion to dispense with the services Of
some Of the better known executives.
Events in the war zone and the course
Of federal tax legislation are expected
III become III" chief influences OF tho
coming week. ii not fnc u longer period.
Banks continue To lend freely -! c"il
money. but time funds remain exceed
ingly scarce.
The outcome OF tho negotiations be-
tween the war board and copper in
rerests he's caused SOM revision OF es-
inmates and opinions respecting Wash
ington's attitude towards further rsgu-
larion OF steel and iron. Indications
point strongly TO increased restrictions
OF all non-cssentials.
With tho war finance corporation
measure nov: effective IL is believed
that some Of tho junior railroads Of the
country will soon receive permission 10
engage in moderate financial rehaotltta-
ton.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1918-05-27
CLOSING STOCK LETTER

tF'rom Logan & Bryan to y. r.. Mastcn
4 Co.. by private wirc.l
NEW YORK. May e".-Thc late weak
ness in tho market yesterday and over
ri sht advic.'S 'r"m washington SuS-
costing rather strongly that ne" rev
r-,uc legislation seems likely to- h. put
thr,urh ~ The prescott session attract
al roth.r free. selling in the steel mar
k.r ri the. outset and prices in quite
few. instances stocks sharply lower.
Around thc lowest la''"lS of tn" day.
hnw.v.r n good demand for storkS de-
y.lnre,i. although II" floor observers
said that The bulk ri the buying power
was representative" "r realizing by
shorts.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1918-05-27
STOCKS AND BONDS.

month IN December l"i'. "o"H !" a."
small rate fur tll"s" receiving JUS u''"
,n-G and nu more nay is allowed mon
.bn mad, s"JI nr more in 1919 the
actual additions rnn UP 10 $J4.
with tn. rx.nrtion uf office and mes
s.pycr huys under *. who are gwen
small increases. all employees VII" IT,
,.iy.d loss than $40 a month are gwen
:, ria, increase nf san with III" pr"fiS-
inn TINT l;,lmrcrS rait by IN" day Sh"''
90, , minimum rr -. cents an hour
ol,ryc Tho rate six months ago
Table of increases
The table al increases as ahh"""'''''
it,miZ.d for each dollar or WhSEES
,,.ivcd in Dcr"In'rr. l3l". may sum
married ~ follows:
Monthly Rate lnct"nS" Above
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1918-05-27
FArRMoNTER DROWNED.

CHARLESTON. W. Va. May O.
N.wtun Bennett Morgan. ~. son e
james: Morgan. Of l';ilrn'.n'. was drown
rG this aft.rnt"'n in 'h. hnEawhn riN"r.
while in bathing with several '"mrau-
IONS at Maiden. near here. Though un-
4 BILE "a swlur. Morgan N"ninr"d at in'"
thu RIVER with water WINGS. u" won't
too far and Was drowned l"I"r" las
curnpanionS could REACH HIM.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1918-05-27
Not the Short Lines.

Tie wage order applirS ~ all ehl'
ployrs Of the l64 roads now under
federal management. but moi to IN"
So.called snort lines unless they are
retained by 1ht government at.er
July !. II affects employees of teTml-
nal. union station. and switching
companies. lighters. ferries and lug"
owned BY railroads. but no; employees
of railroad boat lines on the lakes
rivers or cOatswiSe traffic. Although
huffman cars now are under govern
ment operation. pullman employees
will not benefit unless the railroad
administration decided eventually 10
retain management Of ihr ears.
In announcing his drciSion: Mt
McAdo0 appealed 10 railroad 'El'
plovrs To forget dl"Srn$ionS and us
amendments arising under private
control and 10 remember that the
success uf the war depends largely
on their services.
May Raise Rates.
Tn meet rhe expense uf III" WaSe
increase, ,nc biggest eyer granted 10
railraad &, any oihrr class Of en-
ployrS ;:i one lime. III" railroad al
mini!traIion has discussed TalSlnE
freight and passenger rates
'rh.. p"r-S nta,..' ~ Wac' increase rang"
from e.: i"r man VIII" Received Eld II
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1918-05-27
BANK :GEARINGS

f,,,a-;n,s for NI,>. 63S.@S0a4
same, dsy last vrar........ $"4.74soO
Clcarings for week. ending
's Sa,mrI,v ..........: :.965 PAS IS
s.n,,, vel last y.ar... 3.79S. 49?63
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1918-05-27

Tho negro rule Will anr't many roahH
in the south. where negroes are employed
largely as firemrn. trainmen. switchmen,
llborrrs. and for other work. This
rule will become effective June J. but
naymcnt Of back wages will not include
increases resulting from the rule.
in addition 10 tho rule regarding wo-
mems pay, Mr. McAdoo specified that
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1918-05-27
N. Y. STOCn EXCHANGE

WHEELING. W. Va. May e5. is.
FURNISHED the 1ntcIllEercer by 4. K
AastsE q Co. members OF tho Now YORK
Stock Exchange. National Bank Build
irs. Wheeling w. Va. Louis +. Brand
u.-nHysr
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1918-05-27
RAIL WAGES
(Continued from First Page.)
ommcnd wage and other employncn

ommcnd wage and other employment
changes.
How Il Works,
Nil increases now ordered Will Dc
determined according 10 percent
age scale based on pay received In
december. 1915. and any increases
which have been allowed within mat
time. will be deducted. In many
cases raises in pay in the last i"n
and half years are about equal 10
The increases now approved. ana
con SrQuenlly those employees VIII get
little or no more. ia correct Just
such situations when iniuSiicrS are
apparrnt will be one Of the prlnclpal
duties Of RE new wage hoard. whose
; creation was suggested by the rail-
road wage commission. In no cases
are wages TO b" reduced.
Men working on IN" monthI!'
daily. hourly, piece work and Train
mile basis will benefit BY the ne"
allowances. and members OF the -FOUR
leading railway brolhcrhoois whose
nav was raised through operation OIL
Tho AdamSOn act are TO receive from
10 To 40 percent additional, a smnl'''
increase than they had asked OF rall-
rDa,,; shortly before The government
! look control.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1918-05-23
Many Deaf Children
I In N. D. Should Receive
Benefits OF Education

Devils Lake. N. D., May :a-com.
mtncement exercises at the state
school for the deaf, located inNthis
city. will be held June 10. The gradu-
atcs will be: Ida Blanch Mcnamara.
Devils Lake; Cora Belle Roberts.
Nora, and Elizabeth Lydia Plecity.
Tower City. Owing to illness Arthur
to crop out Of the class and will conf
pleto the course next year..
The following events for the school
have been announced:
May sO-Memorial day.
June S-7-Final examinations.
June Lawn fete and picnic.
June 9-Baccalaureate Sunday.
June 10-Commencement exercises.
June 12-Home-going day.
I'VE are quite confident that there
are in this state a number of deaf
the benefits of education, but who.
for one reason OF another, are not
in school, said Frank Read, super
intendent Of the state school for the
deaf, in speaking Of the obligation
resting upon county superintendent
to ferret out these neglected children
and see that they. are not deprived Of
the advantages due. to every Ameri-
car child.
part Of the great public school system
only head and heart training, but
hand tAaining. The girls are taught
sewing. ironing and ~housework; the
boys receive instruction in cabinet
work, carpentering,r printing and gar
dening. Over $4,000 have been in
vested this year in up-to-date equip
,ment for the shops and sewing ROOM"