davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1903-05-21
NEW COTTON BULL TALKS
 OF THE UPWARD PRICES

New York to pose as the man who knows is going much higher than it is today. The world is Just waking up to the fact that 1t Is confronted by cotton famine, and the prices that exist are not the re- suit of the manipulation of the market. but in accordance with the law of supply and demand.
 "The truth of the matter is that cotton has been sold in New York in near months options a cent pound less than actual cotton can be bought in the south. Such a condition of affairs was unnatural and was bound to result in an upward rush of prices when the market adjusted itself to maintain an equilibrium.
 ''The world has been deceived as to the relations of production ana consumption, and it 4s just beginning to discover how badly cotton is needed. It Is not within the power of any man or set of them to alter the conditions as they exist or to prevent them from having their natural effect on cotton.
 'As for myself and my people" he con- tlnued. I've have not just become bulls on the spur of the moment to attempt to manipulate the, market. Long ago we dis covered that there was shortage in cot ion. and we have been buy.ng cotton for some time.
 q don't take a bit of stock in the stories about the mills going to close down, MT. Brown declared. That is all talk I do not believe that they are going to do anything of the kind There is nothing to indicate that they are so far as can see.
 "One thing that must be taken into consideration and which has the effect Of accentuating the effects of the present shortage of cotton, is that the new crop is going to be unusually late this year There is not the slightest doubt that it will be the latest crop in a great many years.
 "As to the advance today" Mir Brown concluded. T don't know what caused that" His eyes twinkled and his face wreathed in a smile as he said this, and 1t did not require a mind reader to dis cover that if MT. Brown did not know he was at least confident that he could make a rattling good guess.
 J. Temple Gwathmey, president of the New York Cotton Exchange, is quite as bulIsh In his ideas in regard to the mar ket as is the big bull from New Orleans. MT. Gwathmey said: "This market is not the result of manipulation. No man or bull clique is to be credited with the last advance The market Is simply answering to the law of supply and demand. There is not enough cotton to meet the needs of the world, and consequently cotton must go up.
 "Everybody seems to have been misled because all have underestimated the con sumption of cotton. The demands of the world for the products of cotton have in- creased so rapidly that people In the cot ton business have failed to comprehend 1t and are just awakening to the fact that there is not enough cotton to go around"
The Birmingham age-herald., 1903-05-21
From the New York commerclai-Advel

From the New York Commercial -Adver-
 tiser, May 1s
 1HE cotton market broke away \Cp from all bonds today, and prices
 rushed upward in a way that relegated to oblivion the memory of all other advances since the great upward movement began
 William P. Brown of New Orleans the new bull leader, was in personal com mand of the bull forces. Half a dozen brokers were buying July and August for him, but they were not buying heavily enough to exert a really great influence on the market and there were other in- fiuences at work besides the manipula- tions of the southern bulls that caused prices to jump to record breaking fig ures.
 The Liverpool situation fitted into the plans of the new bull leader, and when the Brown brokers began to buy the mar ket went up so rapidly that it was not necessary for the bull clique to take on great deal of cotton to sustain the mar ket, anu IL ulu HOt uO SO
 MT. Brown was me busiest man on the floor of the exchange. He was pulled this way and that by eager brokers, and a chain of messenger boys kept chasing him with telegrams.
 In marked contrast was Daniel J. Sul- ly the old bull leader, who has thrown down the reins and stopped to count Up his winnings. MT. Sully was on the floor most of the day, because he could not stay away; but he was simply an on- locker. Attred in a new light spring suit, with his hat on the back of his head and an unlighted cigar in his mouth, he looked in, smiling at the rabb.e the pic ture cf ease and contentment.
 MT. Sully said he was out of the mar ket, and therefore did not care to dis cuss it for publication. He said, however, to his friends that he thought the mar ket would go still higher.
 After the upward move of the morning there came a luli and about the noon hour the trading was very light. Some scattering lines were sold off on profit taking, and the volume of trading was so | light that this caused the sag from the top notch which occurred.
 The bull crowd was in complete control of the market at all times, however, and there was more activity toward the end when the market showed strong, not a sign of weakness being visible anywhere The bull leaders continue to reiterate the claims that present prices are nat ural and not the result of manipulations and none of them are inclined to pay the slightest attention to the threats of the spinners to curtail unless there is dror in the price of cotton.
 Standing on the edge of the pit with his hands full of telegrams and his face flushed with the heat of the room and the excitement of the hour, w. P. Brown made the first statement of his ideas of the market since his arrival in Ne" | York.
 MT. Brown said: T have not come tc
The Birmingham age-herald., 1903-05-21
M,LLIoNAlREs OF NEW YORK.

From the New York Commercial.
 It is estimated that there are in New York city today 1920 millionaires, as against 29i in 1880 and 25 in 1853 There were no millionaires in New York 100 years ago. The first person to reach that distinction was John Jacob Astor, who became a millionaire in 1920. Six years before that the richest man In the city was Isaac Classon, who swore that he was worth $750,OOO.
 There is always a great deal of nncer- tainty in estimating the wealth of per- son known to be millionaire. Usually his wealth is greatly exaggerated According to a prominent Wall street banker, however there are at least four persons in New York who are worth over $1oO. 100000. They are John D. Rocke- feller. William Rockefeller Andrew Car negie and J. Pierpont Morgan.
 John D. Rockefeller is undoubtedly the wealthest individual in the United States. the most conservative estimates placing his wealth at fully $500, 100000. Andrew Carnegie Is the second wealthiest person, heinz worth about $sOO, 100000, The wealth of William Rockefeller and J. Pierpont Morgan is placed somewhere between slOo.oOo.oOO and s2oO,oooOoo eacA. These figures are the estimates of a Wall street banker who is in an exceptional po- sition to speak authoritatively on such a subject.
 There are a number of persons in New York who are worth at ;least s5oooo, 900. Among them are John Jacob Astor, AL fred Vanderbilt, Russell Sage, George Gould. E. H. Hartman. D. Willis James and George F. Baker.
 Hetty Green1s probably the wealthiest woman in the United States. Her wealth q -ah haa.i t20 O0n
The Birmingham age-herald., 1903-05-21
SCIENCE oF A CURVED BALL.
Prof. Thompson of Cambridge, Eng land, Explains Pitchers Trick.

 (New Haven, Conn. Dispatch in New
 York Sun.)
 Prof. Joseph J. Thomson. who came over from Cambridge, England, to deliver the Benjamin Silliman course of lectures at Yale this year, said today, when ask ed as to what effect the establishment of the Rhodes scholarships at Oxford would have on the cause of education, that he feared the benefits to physics would be more than offset by the American strengthening of oxford's athletic ma terial.
 He was asked to give the explana- tion of a curved pitched ball. "The ball follows it's nose, so to speak," said he. 'If 1t leaves the pitchers hand revolv- ing downward on a horizontal axis, 1t is bound to drop If 1t leaves revolving up- ward on horizontal axis. 1t follows It's nose and rises. When the ball travels on a vertical axis. revolving outward from the batsman, the out curve Is the re- suit and similarly on a vertical axis, with an inward revolution. the lnshoot Is the balls travelling on 8 slanting axis with an outward revolution. and so on. The axis and revolutions are determined by the manner of the spheres leaving the pitchers hand. and there you are.
 Professor Thomson goes from here to Harvard and Newport, and will then de- liver another series of lectures at Johns Hopkins university Baltimore.
The Birmingham age-herald., 1903-05-21
KING BUYS 17 AMERICAN HORSES,

New York Telegram to the Philadelphia
 Record.
 King Edward VII. has purchased seven- teen carriage horses in America, and they were shipped today on the Atlantic Transport company's steamer Minneha- ha. The horses are bays and blacks. The animals upon arrival in London are to be placed in the Royal News. the name given to Edwards stables. This is the first instance of any European king pur- chasing American animals here. King Edward wants to improve the strain of his stable, and the horses are to be used for breeding purposes.
The Birmingham age-herald., 1903-05-21

sists that this discloses the artifciallty of the present prices of cotton. But William P. Brown, the new bull leader, declares there is not enough cotton to go around, and he seems to have his own way In the market. MT. Gwathmey, president of the New York cotton exchange, holds to the Brown view of the situation. He says: No man or bull clique is to be credited with the last advance. The market is simply answering to the law of supply and de- mand." In such conflict of opinion no one can decide.
 The everyday southern man Is not interested directly in the case, for he has no cotton on hand. The next crop and It's price is all that interests him. He knows the crop will be late this year, unusually late, and he thinks conditions are not wholly favorable, because so much seed did not germi- nate, requiring Tn such cases replant- ing But this simply means a late crop, not necessarily a small crop. September cotton is now selling at about 91a cents, and there are widely varying opinions as to what spot cot ton will be worth in September, the weight of opinion being that the price in that month will be between and 10 cents. Weather conditions and crop prospects will be watched this summer as perhaps they never were before, but if there should be a pros- pect for a twelve-million-bale crop, it will not prove serious damper. The world needs big crop.
 In this connection a glance at prices will be interesting. Present prices have not been exceeded since 1890, when the price in New York went to 125s cents. Only once between 1921 and 1889 did it reach IS cents, while during the depression between 1S40 and 1845 1t sank to 563 cents. Be tween the latter date and 1861 it how cred around 12 and 13 cents, but in 1861 1t jumped to 31.69 cents, and to 67.21 cents in 1863. In 1864 it scared to $1.01 a pound, the highest figure it ever reached The next year it fell to S3 cents, as cultivation was resumed in some of the southern states, and in 1866 1t was down to 43.30 cents. From that time on it declined, having never touched IS cents since 1873, the year of our greatest panic.
The Birmingham age-herald., 1903-05-21
About Persena.


 W. H Hassinger. vice president of the Republic Iron and Steel company and manager for the southern district. left last night for Chicago, where the head quarters of the general offices of the company are located.
 W. M. Tucker of Demopolis Is at the Metropolitan.
 R. M. Jemison of Tanadega is stopping at the Morris.
 E. H. sholar of Chattanooga is at the St. Nicholas.
 ". H. Lawrence and wife and Miss Minnie Lawrence of Livingston are regis tered at the Metropolitan.
 R. D. Tutliwel of New York is at the Morris.
 George Harrison and wife of England are stopping at the Hillman.
 J. A. Young of corinth Miss. Is stop- ping at the Metropolitan.
 A G. Ware of San Antonio is at the Morris.
 N. Hamburger of Baltimore is at the Hillman.
 M. Landau of Cincinnati is stopping at the St. Nicholas.
 B. J. Mill of Montgomery Is registered at the Hilman.
The Birmingham age-herald., 1903-05-21
IN HOTEL LoBBIEs.
Good for Birmingham.

The officers and stockholders of the Bir- mingham Railway Light and Power com pany have reason to feel jubilant over the eagerness with which investors sub seribed to the eompany's new issue of stock. The issue was oveFesubscribed. In April the company voted to increase the capital stock by sl.0OO0oO. The subscrip- tion books were opened on April B and were closed May IS. Yesterday was the day for taking the stock and there was not enough of it to go round.
 "lf the Birmingham Railway. Light and Power oompany's issue had been $1,5O0,- GOO instead of $l,oOO0OO as was at first in- tended. every share of it would have been bought remarked a large stockholder yesterday. As 1t was the books showed that 20 per cent more was subscribed for than the issue. This not only shows the strength of the companys securities, but 1t Is big advertisement for this city, because the stock of the street car and electric plant would not be in such de- mand unless investors had faith in the future of Greater Birmingham"
The Birmingham age-herald., 1903-05-21
Presbyterian Bodies.

'The General Assembly of the Presby- terian church in the United States of America, commonly known as the North
 ern Assembly, is in session in Los An geles, and the General Assembly of tHe Presbyterian church in the United States, commonly known as the Southern Assembly is in session at Lexington, Ky. and the proceedings of each body will be watched with interest by Presbyterians in all parts of the country" said a prom inent citizen. 'The northern church has a communicant membership Of about 100000 and the southern has about a quarter of million corumunicants. While the growth of resbyterian
The Birmingham age-herald., 1903-05-21
EATING.
By Gerald Massey.

By Gerald Massey.
 Too fair, I may not call thee mine,
 Too dear, may not see Those eyes with bridal beacons shine;
 Yet, darling, keep for me. Empty and husht, and safe apart, One little corner of thy heart. Thou wilt be happy, dear! and bless
 Thee. happy mayst thou be. I would not make thy pleasure iess;
 Yet, darling, keep for me, My life to light. my lot to leaven. One little corner of thy heaven! Goodbye, dear heart; I go to dwell
 A weary way from thee; Our first kiss is our last farewell;
 Yet. darling. keep for me, Who wander outside of the night, One little corner of thy light.
The Birmingham age-herald., 1903-05-21

i greatly increased probably to twice It's
 present capacity instead of our present
 project at wetumpka, had not the city
 conceived the idea of taking into it's limits
 an area of land which ought never to have
 been taken in and which makes our com pany pay more taxes.
 MT. Tebb said that in Nashville. the company has a plant almost in the heart of the city. but they are exempted from these city apnoyances. "Then, Mir. Tebb. you are not going to increase your plant here at all?" was asked of him.
 Positively not he said. 'If anything, we will decrease our present capacity" MT. Tebb stated that work on the We- tumpka plant would, in all probability. start by June 1. and that his company expected to have 1t finished by January 1, 1904
The Birmingham age-herald., 1903-05-21
REFLECTIONS OF A BACHELOR

From the New York Press.
 Degrees of love tare like degrees of women-too many to count.
 No girl ever looks as we'll in her portrait as she does in her mind.
 It's not the shirt waist but the shape of it, that makes a fool of man.
 All the investments of married men are not made up of home securities.
 There is a great difference in the way a woman tells you how she likes you and the way she proves 1t.
The Birmingham age-herald., 1903-05-21

General Gordon's ringing words were heard again by the veterans assembled at New Orleans. He and General Longstreet bid fair to be among the last survivors of the war. All wish them long life.
The Birmingham age-herald., 1903-05-21

Judge Coleman has closed Twenty first street again. When he orders out his ropes noises and vehicles must se- lect some other locality in which to exploit themselves. There must be silence in the court.
The Birmingham age-herald., 1903-05-21
STRENUOUS IN GOTHAM.

From the Baltimore American.
 Between the mad dogs and the seorch- ing automobiles a Gothamite who ven- lures forth on foot never knows whether his destination will be the morgue, the Pasteur institute or a slight margin of chance for home.
The Birmingham age-herald., 1903-05-21

The Russian side of the Kishineff horror should be accepted with many mental reservations. The dead of all ages and sexes and the burned build ings tell different story.
The Birmingham age-herald., 1903-05-21

E. H. Harriman's appendicitis seems to be of a kind that the Associated Press appreciates. There are classes in the fashionable complaint.
The Birmingham age-herald., 1903-05-21
Rlchmonds Accumulated Capital.

No city of it's size has as much ac- cumulated capital as Richmond" said a member of Birminghams Virginia col- ony.
 Richmond is a very conservative city. It las about the same population as At lanta, and is not as large by 15,O0O as Memphis, but there Is more wealth in Richmond than in Atlanta and Memphis combinedn
The Birmingham age-herald., 1903-05-21
Exports and Imports.

"The exports for April were valued at $109, 542, 6SS and the imports at $S7 715, 19s, D remarked a statisticlan "The exports for March amounted to s132 OS3 964 and the imports to $96 233 931. It is seen that the April trade as a whole represents a shrinkage from the March return of some thirty millions of dollars. This was due in part to a cessation of the free ship ment of cottton and to diminished im- ports of iron.
 'The sudden reduction in the import trade is the feature of the months com merce. The trade for March promised to be followed by an increased buying from abroad. and the prospects were for almost no balance in our favor. The failure of such relation to appear be- tween the two currents of products IS not easy to understand, but is possibly due to the shifting in the business of the United States. The bank clearings have recently been third less than they were two years ago. and this must imply that certain powerful forces leading to distri- button are now inactive. It is well known that in these days all trade Is hand-to- mouth and this fact would be influential in any phase showing a declining mer- cantile demand"
The Birmingham age-herald., 1903-05-21

In the agricultural implement indus try there are thirty-three trusts, all engaged, however, in bleeding the com mon people.
The Birmingham age-herald., 1903-05-21

As long as Germany confines her naval superiority to paper she is safe. She knows MT. George Dewey and his May excursion in Manila bay.
The Birmingham age-herald., 1903-05-21

Bessemer is developing rapidly, and when 1t has a court building and two trolley lines it will be ready to spread out in all directions.
The Birmingham age-herald., 1903-05-21

There are only two great Pennsyl- vanians-Governor Pennypacker and Deacon Baer-and they are doing the Damon and Pythias act in different way,
The Birmingham age-herald., 1903-05-21

church may not be as great as that of the Methodist or the Baptist denomina- ton, the church is in a vigorous condi- ton and is notably strong in scholar ship. So far as I know no doctrinal dis cussion of importance will take place in the Southern Assembly this year"
The Birmingham age-herald., 1903-05-21

The czar is thirty-fve years old, and he should put an end to Kishineff hor- TOTS in the heart of his empire.
The Birmingham age-herald., 1903-05-21

The German papers, accustomed to lese majeste, say the Pennypacker law is fit only for barbaric Russia.
The Birmingham age-herald., 1903-05-21

This district should, for the good of all, be kept free from strikes. Let the rest of the country have our share.
The Birmingham age-herald., 1903-05-21

The Italians in New York have been conducting naturalization bureau of their own.
The Birmingham age-herald., 1903-05-21

The Pennsylvania press declines to wear the Pennypacker muzzle.
The Birmingham age-herald., 1903-05-21

Cassini's facts need affidavit support. The streets of Kishineff tell differ ent story. "
The Birmingham age-herald., 1903-05-21

The cartoon industry in Pennsyl- vania Is in a very prosperous condi- tion.
The Birmingham age-herald., 1903-05-21

When highway robbers hold up dead wagons bottom has been reached.
The Birmingham age-herald., 1903-05-21

Despite weak spots the Birmingham team is getting down to business.
The Birmingham age-herald., 1903-05-21

What is more consoling in a crisis than three-bagger?
The Birmingham age-herald., 1903-05-21

B. H. Hartman has complication of millionairitis and appendicitis.
The Birmingham age-herald., 1903-05-21

The Huntsville cotton mills are too busy to close.
The Birmingham age-herald., 1903-05-21

uOIIOl suoulu D6 aCcepLeu WlIu ualiy mental reservations. The dead of all ages and sexes and the burned build ings tell different story. l There are only two great Pennsyl- vanians-Governor Pennypacker and Deacon Baer-and they are doing the Damon and Pythias act in different way.
 As long as Germany confines her naval superiority to paper she is safe. She knows Mir George Dewey and his May excursion in Manila bay. E. H. Harriman's appendicitis seems to be of kind that the Associated Press appreciates. There are classes in the fashionable complaint.
 
 Bessemer is developing rapidly, and when 1t has a court building and two trolley lines it will be ready to spread out in all directions.
 
 In the agricultural implement indus try there are thirty-three trusts, all engaged, however, in bleeding the com mon people.
 This district should, for the good of all, be kept free from strikes. Let the rest of the country have our share.
  The German papers, accustomed to lese majeste, say the Pennypacker law is fit only for barbaric Russia. The Italians in New York have been conducting naturalization bureau of their own.
 Cassini's facts need affidavit support The streets of Kishineff tell differ ent story. " The cartoon industry in Pennsyl- vania is in very prosperous condi- tion.
 --ss---- When highway robbers hold up dead wagons bottom has been reached.
 
 B. H. Hartman has a complication of millionairitis and appendicitis.
 
 Despite weak spots the Birmingham team is getting down to business. The Pennsylvania press declines to wear the Pennypacker muzzle. What is more consoling in crisis than three-bagger?
  The Huntsville cotton mills are too busy to close.
 Pennsylvania declines to be Russian i1ad