davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1905-11-15
GOOD RECOVER|ES
 IN STOCK MARKET Relaxation in Money Market Was Nominal Cause RATE TOUCHES 18 PER CENT Later In the Day, However the Rate Fell Below 10 Per cent-Demand
 on the Bank Reserve
 Continues.
RATE TOUCHES 18 PER CENT

New York, November 14.-Stocks made a vigorous recovery today from the de- cided weakness of yesterday. The relax ation in the money market was the nomi- nal cause of the movement, although the rates for call money during the day in- dicated a degree of stringency that should seem a decided restraint on any large renewal of speculative operations. The rate touched was IS per cent as against the actual high rate of 20 per cent yester- day, not counting the furry to 25 per cent just before the close. which was regarded as having no significance; but the high rate of today was held only momentarily and very small amount of money was placed at that rate of interest. Later in the day after the principal demand had been satisfied, the money rate fell below 10 per cent.
 This occurred much earlier in the day than was the case yesterday and the result of freer offerings of funds. The actual situation of the money market, therefore, was considerably ameliorated as compared with yesterday. The liquida- ton effected yesterday was, of course, a factor in the strengthening of the bank ing position. Large loans placed by for eign capitalists also played part. Re- ports were current that placing of Ca- nadian funds and movement of gold to New York from Canadian points were factors at work in the money situation. The circulation of rumors also contin- ued of ultimate intervention by the Sec retary of the Treasury to ease the situa- ton in case of any threat of dangerous consequences. although the reiterated in- tention of the secretary to confine any intended relief measures to the needs of regular borrowers was again reported from Washington.
 Besides all this there was growth of feeling that the situation did not call for an extensive building up of re- serves by the banks at the present time. It was considered tho deficit in the legal reserve requirement. that the bid on Sat urday left the percentage of the total reserves to the deposit liabilities at 24,7d per cent. while the percentage of total reserves since the first of September with the exception of the week ending Octo- ber 2, and that ended October s, has been below 26 per cent. The actual change in the condition in the banks. therefore, was not great, aside from the sentiment
The Birmingham age-herald., 1905-11-15
cibert & Claws Market Letter.

There was a better cotton market today all around. Liverpool came in some bet ter than expected and closed about on parity with yesterdays closing or our markets.
 Bearsh feeling is concentrated and con fined principally to large operators nav ing command of vast financial resources The question now Is whether the south will part with the actual stuff at declines which are plainly the result of manipu- lation and contrary to the laws of supply and demand. Telegrams covering range of the most important interior points show that holders of spot cotton arc firm in their resistance of the declines to date, and in consequence spot transac- tions are comparatively insignificant
 There is no doubt in our minds that holders of cotton will be able to name and secure any reasonable prices they may demand for the staple
 Cunningham estimates the consumption at 12,500,000, and this belief Is shared by many of those well informed and the movement seems to clearly indicate such consumption as being now in progress To those who have long cotton we rec ommend holding 1t firmly and to those who have not yet bought we would sug- gest using present levels as a basis to begin purchases.
The Birmingham age-herald., 1905-11-15
COTTON MARKET
 |S LESS ACTIVE Sentiment Still Appears to be
 Very Unsettled
CLOSED AT NET DECLINE
Reports of Snow Furry in North caro lima and Strong Interior Spots Helped to Sustain Prices
 Near the Close.

New York, November 14-The cotton market was less active. but fluctuations indicate continued nervousness, and sen timent appeared to be very unsettled. After an early break prices rallied sharp ly, but eased off again and closed at a net decline of 10913 points. Sales were estimated at 650,O00 bales. The opening was firm at an advance of to 9 points on covering and bull support, inspired by firmer cables than expected and re- ports of small southern spot offerings at the decline. But local professionals turned very aggressive sellers shortly af- ter the opening and prices eased off, catching stop orders on scale down, under which January sold at 10.SO and March 109S, or about 15 to 16 points net lower. At these figures recent sellers started covering. and the market rallied and during the middle session ruled quiet but steady about to points down from last nights finals. Reports of a snow furry at one or two points in North Car olina and continued reports of strong interior spot markets helped to sustain prices just before the close, the scatter ing short interests having covered, local bears again began selling. and with some liquidation through houses with New Or leans connections the market sold off to within four or five points of the lowest. The closing tone was steady. Southern spot markets were unchanged to lsc higher.
 Receipts at the ports today, 95,259 bales, against 79,23l last week and 7S,546 last year
 For the week (estimated), 375 O00, against 364,54S last week and 3S5, 236 last year.
 Todays receipts at New Orleans were 23.29S, against 24,2S2 last year, and at Houston 29,5S9 against 33,2S7 last year.
 New York Cotton Futures.
The Birmingham age-herald., 1905-11-15
Loveman 6 Co.'s Market Letter.

Publishing of bearish literature in the interest of shorts and consummers re- suited in a lower market by about Sl per bale this morning, March contracts selling off to Il .0S compared with yester- days closing of II 27. MT. Henry Neill of this city issues a circular under date of November s, showing the supply of last season to have been 15,3S7000 bales, consumption Il, ,772,OO0 bales, and the sur plus carried over into this season to have been 3,615000 bales. The growing crop they placed at 11.500000 bales, allowing Texas and the Indian territory 3540,000 bales. This statement was made to show that prospects for this seasons supply based upon crop of 1Ia million, pointed to 15115,000 bales available, against a sup ply of 15,3S7000 last season.. when cotton sold at 612 cents. There Is nothing new in the above statement that was not known already, except that the crop this year is estimated at 11,5O0,000 bales, the popular idea being that 1t will be about 10,500,000 The census report on supply and distribution, published October g., was on the above lines. showing the sup ply to have been IA, 450,000 bales, to which the Neills added stocks of foreign mills
The Birmingham age-herald., 1905-11-15
smoII.n & Co.'S Market Letter.

The stock market opened easier this morning and before the first hours trad ing was over there were declines extend ing as far as per cent, this being true with Reading, which sold off 10 lSS9s. Tennessee Coal sold down to s4 d decline of one point from last evening close The balance of the markets was off IA to lz per cent. Money ruled very high Open ing loans were made around 10 per cent, and before noon the rate was IS per cent. During the afternoon the rate was low cred to per cent on rumors that sec retary Shaw would come to the rescue: The market became steadier and showed a good advance all along the hne' feaa, ing sold up above lS6 tennessee Co"l and Iron passed e6 Louisville and Nash vile sold above 14S, and St Paul passed l75. The market was very strong during the last half hour, with Metropolitan selling above IT.
The Birmingham age-herald., 1905-11-15
Ware & Leland's Market Letter.

It was evident at the opening of tho market this morning that the liquidation started yesterday was not completed and the selling that followed the opening car ried prices back until March broke to 10.9S, making a net decline in two days of half cent.
 At this level, it was equally evident that more or less buying by the larger interests was going on the theory that after a decline of about 70 points from high and within twenty to thirty points of the basis on which general buy ing by spinners could be expected as well as absence of any offerings on the part of the south, would entitle the mar ket to a reaction of some importance if nothing more.
 The liquidation was general scale that it took several hours before the aver age trader in the ring was convinced that q rally could be counted upon. When this impression finally gained ground March improved from about II cents up to II IS and the market recovered most of the early decline.
The Birmingham age-herald., 1905-11-15

Scheoulc m EHect July 23, 1905. Trains leave Birmingham as follows; 6:35 a. m.-No. 38, for Atlanta, Washing. ton, Baltimore Philadelphia. New York and the East. Pull man Drawing Room Sleeping Car. Birmingham to New York. Dining car, Birming. ham to Atlanta. o:2o a. m.-No. 19. for Montevailo. Ma. plesviile, Selma and way sta- tions
 1928 D. m.-No. 35. for Columbus. wes, Point. Winona. Greenwood and creenville: also Sheffield and Florence and North Ala bama points
 $40 D. m.-No. 15, for Cordova, Oakman. Corona and way stations; also Blossburg. 5:45 a. m.-No. 22 for Anniston. Heflln and way stations; also Rome. Ga. s:5o p. m.-No. 38 for Atlanta. Charlotte. Richmond Washington. New York and the East. Pullman Sleeping Car Birmingham to Richmond. Va
 <:oo p.m.-No. A, Annfston Atlanta and way stations: also for Jack sonville. and all Florida points also Talladega. Ala. P,'iiman sleeping car Birmingham to Brunswick. Ga 10:2o D. m.--No 37. for CoInmhns. West Point winona- Greenwood and Greenvr.e Pullman Draw ing Room Sleeping Car Bir- mingham to greenviiie. 10:s5 D. m.--No. 21, for Selma. Mobile and way stations Pullman Draw ing Room Sleeping Car Bir- minenam 10 Mobile. Ii 80 D. m.--No 9S. for Atlanta. Anniston and way stations. Pullman Sleeping Car. Birmingham to Atlanta Sleeplng car can be occupied at Union station 9:3o D. m.
 For detailed Information and sieepins car reservations anplv passenger office. Morris Hotel Building. Telephone 06S Bell and 6i7 Peoples.
 ,. N. HARRISON. Dist. Pass. Agt
The Birmingham age-herald., 1905-11-15
New York Cotton Futures.
Daily Cotton Movement.

Galveston-Easy; middling, II 3-16: net receipts 8,S6l; gross receipts, 2S,S61 i; sales, 200; stock, 226, ,955; exports to continent, 966.
 New Orleans-Quiet; middling, II 1-16; net receipts, 23,293; gross receipts, 2S 92s sales, 1900; stock 2o7O73; exports to France, 1S,906; coastwise, 2400.
 Mobile Quet middling, 10%; net re- ceipts, 215l; gross receipts, 2l51 sales, 150; stock, 490l4; exports to France, 7650; coastwlse, 1747.
 Savannah-Dull; middling, 10&4; net re- ceipts, 1S.56O; gross receipts, 1S572 sales, 25O; stock, 2O5,127; exports to continent, 679S
 harleston-Nominal; net receipts, s46; gross receipts, SAG; stock, 54,SS2; coast wise, 320.
 mngton-Nominal; net receipts, 23S3: gross receipts. 23S3 stock, 9,456
 Norfolk-steady; middling 1ON; net re- ceipts, s374; gross receipts. S374; sales, TIA: stock, 69 9S29 coastwise, 3919
 Baltmore-Nominal; middling, 1M; gross receipts 554; stock. 6272.
 New York-Quiet; middling. 11.3O; gross receipts, 14,955; stock, 23S, SS2; exports to continent, 239s
 Boston-Quiet; mlddling, 11.9o; net re- celpts, 2s9; gross receipts. 7s1; exports to Great Britain, 96S.
 Phladelpha-Quiet; middling. 1.55 net receipts, 25; gross receipts. 75: stock, 219S; exports to Great Britain; 1135
 Port Arthur and Sabine Pass-net re- celpts, 1019S; gross receipts, 10,19S; ex- ports to continent 1019S.
 Jacksonvile-Net receipts, 232 gross re- ceipts, 232; coastwise, 232.
 Miscellaneous-Net receipts, 147; gross receipts, 1f7.
 Total today at all ports-Net, 95, ,259; Great Britain, 2103; France. 26,556; con tinent, 1882; stock, 1,12OS67.
 Consolidated at all parts-Net. 1o9 35e; Great Britain. fl, 421; France, 5O259 conti- nent, 37,331.
 Total since September 1. at all ports Net, 3147152: Great Britain, 797, ,4S7; France. 2946S5: continent s04,2o4; Japan, s39O; Mexico, 2S0.
The Birmingham age-herald., 1905-11-15
Chicago Change.

Chicago. November 14-The wheat mar ket today showed a complete reversal of feeling from yesterday. It was bull ish throughout the entire session today and "A hours ago the sentiment was in favor of decline. Cold, wet weather in Argentina was one of the chief factors contributing to the strong market today. At the close prces were practically Tt the highest pom. of the day, " tn 'Ne May option up T6s4. Corn and oats were each up ss. Provisions were to 10 cents lower.
The Birmingham age-herald., 1905-11-15
Union Trust Company
 Of New York.

New York October 27, 19o5.-Union Trust company of New York, as trustee under an indenture executed by the Bir- mingham Realty company, under date of January, 1900, having been provided with funds for the purchase, has this day drawn for redemption the following num- bered thirty-one year mortgage per cent bonds, being all of the outstanding bonds
The Birmingham age-herald., 1905-11-15
New Orleans Cotton Market.

New Orleans, November 14.-Spot cotton quiet and easier. Sales 1900 bales in- cluding 800 to arrive. Quotations reduced Isc Middling, Il 1-16c.
 Futures were nervous at the opening with prices points up to points down. but following the lead of Liverpool and New York the bottom apparently fell out letting quotations down 20 to 2 points. This was followed by a sharp recovery which carried Decen Der from 10.77 to 10 .96 A reaction followed by which the active months lost 12 to F points. In the trad ing January opened II :03, sold down to 10. .S6 recovered to HOS and finally re- ceded to 10.79. The market closed quiet with net losses of B to IA points
 New Orleans, November 4.-Cotton flu lures steady November, 10.73 nominal; December, 10. 7eQ10 80; January, 0.s0; Feb ruary, TO- 99 nominal; March 11.13a11 IA; April. Il .20d11 .22; May, Il 2Sd11 .29; June, Il 35@11 37; July Il. .40D11.42
 New Orleans, November 14-Cotton quiet; sales, 1900. Ordinary, s9sc; good or dinary, 9-16c; low middling, 10 7-16c; mid ding, Il 1-16c; good middllng, Il 7-i6c; middling fair, 11s4c. Receipts, 23,929; stock, 207.073.
The Birmingham age-herald., 1905-11-15

, don and also locally. Iron unsettled abroad, standard foundry higher at 52s 4d and Cleveland warrants shade lower at 53s Cd; locally the market continues firm; No. foundry, northern, SIS. .5001s.0O
 No. ? do do, S1SQ1s 50; No. do, southern, SIS 256I18. .7b; No. 3 do do, S17. .75651S. .25
The Birmingham age-herald., 1905-11-15
Live Stock Market.

Chicago, November 14.-Cattle: Receipts. 12.oOO: dull; common to prime steers, sS@ $40: cows, s2.7594; heifers, s2.25&5; bulls. s2d4; stockers and feeders, s2.1544 .25; calves, s2d7.
 Hogs: Receipts, 10000; 10c lower; choice to prime heavy. s4.9OG5; medium to good heavy. s4. .7594.90; light weight butchers s4. 9oG5; good to choice heavy mixed, A7O GA .S5; packing, s4.3O04.s5
 Sheep: Receipts, 22.000; market, lambs, higher; sheep lower; sheep, s4d5.75; year lings, s5. 50d6. 25; spring lambs, s6.5od7 35
The Birmingham age-herald., 1905-11-15

tai effect of the existence of an actual deficit in legal reserves. Special feeling was disposed to the view that the banks were not called upon at this time to go further than to repair the actual de- felt The pressure upon the money mar ket at this time is recognized as due entirely to the active business conditions, supplemental by the special speculative demand based on confidence In the gem eral business situation. These conditions explain the extraordinary expansion to which credits of the banks have been extended and the same conditions are looked to, to maintain confidence in the great volume of outstanding credits. Nothing like distrust has been cited as the cause for any of the loan contraction which has been put into force but simply the limitation of resources to meet the extraordinary demands for credit. How ever, the demand upon the bank reserve continues and the operations with the sub-treasury since the last bank state ment having withdrawn already S1, 1,421,000 from the banks. With the easing of the money rate during the course of today, there was also rally in foreign ex- change rates and the prospect of an important movement in gold was thus dissipated for the present. Last prices for stocks were the best and the closing was active and strong at uniform gains, run hing from 1 to points for the present stocks.
 Bonds were irregular; total sales, par value, s4,110,000.
 . Tinted States As advanced 1-h and the 3s h per cent on call, while the new As declined ls per cent on call.
The Birmingham age-herald., 1905-11-15
Liverpool Cotton Market.

Liverpool, November 14.-Spot cotton quiet. prices 13 points lower; American middling fair, 6.37d good middling, 6.O7d; :; middling, 5.9ld; low middling, 5.75d; good ordinary. 557d; ordinary, 5.41d. The sales of the day were 5000 bales. of which 800 were for speculation and export and in- cluded 7600 American. Receipts. 57,00o bales including 52 800 American.
 Futures opened easier and closed steady;
The Birmingham age-herald., 1905-11-15
Bonds.
Money on Call.

NIOTCy OI' Od''s
 New York, November 14-Money on call easier, 6 to IS per cent; closing bid 6 per cent: offered at 71s per cent; time money firp; sixty and ninety days, IqIA per cent; six months 6 per cent Close prime mercantile paper, per cent: sterling exchange irregular; closed flrmer with actual business in bankers bills at 4S5 20@4S525 for demand and at at 4S1. .4O@14s1. 50 for sixty day bills; posted rates 4s3@4S8ls and 4s61s94s7; commercial bills 4s1@4S1A
 Bar silver, 63is
 Mexican dollars, 4SA.
 Government bonds irregular Railroad bonds irregular.
The Birmingham age-herald., 1905-11-15

Cash quotations were as follows: Flour-Steady.
 Wheat-No. spring, s51adS7c; No. 3, S0MS7c; No. 2 red, s67sc.
 Corn-No. ?. 49c: No. 2 yellow. 53 c. Oats-No. 2. 297sc; No. ? white, 32A@ 321a; No. 3 white, 29dS1%c.
 Rye-No. 2, 1172c.
 Barley-Good feeding, 37&3Sc; fair to choice malting, 42d43c
 Flax Seed-No. l, s31Ac; No. 1 north western, s1.
 Timothy Seed-Prime, $3.30.
 Mess Pork-Per barrel. SIS. 75d13.S7lk. Lard-Per 100 lbs. se.87Ih.
 Short Rib Sides-Loose, S.12Dad7.25. Short Clear Sides-Boxed. H.0O@712h. Whisky-Basis of high wines, s130 Clover-Contract grade, s13.00d1325. On the produce exchange today the butter market was firm; creamery, 171ac0 23c dairy, 17d20c.
 Eggs-Stronger. 17623c; frsts, 23c; prime frsts, 26c; extras, 2sc.
 Cheese-Steady; 13@13Ac.
The Birmingham age-herald., 1905-11-15

American middling, G. O. O.: November, 5.T7; November-D December, 5.77; December January. 5.SO; January-February, 5.s4; February-March, 5.67; Mareh-April, 5'se' April-May. 5.sl: May-June. esS; June-Juiy 5.94; July-August, 5.95.
The Birmingham age-herald., 1905-11-15
Ireasury Statement.

Washington, November l4-Today's treasury balances exclusive of the gold reserve shows available cash balances, s1S1, 1858, ,43o; gold. $ls,290 79S.
The Birmingham age-herald., 1905-11-15
clearinos and Exchange

New Orleans, November H-Clearings, ss. .714SoS; New York Exchange bank, Sl per 5000 premium; commercial, sl per 5000 discount. .,
 Memphis, November 14-Clearances, Sl,- 765, ,572; balances, s327,SS4
The Birmingham age-herald., 1905-11-15
Dry Goods.

New York, November 1.-The dry goods market was active and although buyers in many instances were not willing to place orders for very late delivery. yet the strong situation with refernce to delays made many anxious to secure goods to cover their requirements. The carpet sale continued a feature with large at tendance and active buying.
The Birmingham age-herald., 1905-11-15
Interior Movement.

Houston-Easy; middling, Il 1-l6; net receipts, 29539: gross receipts, 29.539: shipments, 22.721; sales 2100; stock, 111,131. Augusta-steady; middling. 102l: net re- ceipts, 209l; gross receipts. 2460: ship ,nents. 179l sales, 656; stock, 91,474.
 Memphis-Quiet; middling, 11A; net re- ceipts, 4480: gross receipts. 6247; ship ments Se94 sales, 300; stock, SO,7s5.
 St Louis-Qulet; middling, 11as net re- ceipts, TIT; gross receipts, 1925; ship ments 3126 stock, 15,317
 Cincinnati-Net receipts. GAG; gross re- ceipts. 646; shipments, 2sS; stock, 9977.
 Louisvile-Firm: middling, i1H.
 Total today-Net receipts, 37,837; gross receipts. 42,917; shipments, 36,57o sales, 3656; stock, 308.eS4.
The Birmingham age-herald., 1905-11-15

Flour-Fancy patent. $5.25; standard patent. s5; straight, s4.50
 Coffee-Green. 11@19c. Arbuckle's Porte Rico, si506
 Meat-Dry salted ribs, s7.so; dry salted rib bellies, S%e extra clear. 7%c; hams, fancy, 1sc; medium. 121ac; becon bellies, i1Mc; California hams, s%c.
 Lard-Leaf, Sc.
 Compound lard, 6c basis.
 Molasses-CentrifugaI l6GsSo; sugar. house, 40c: Georgia cane 8c.
 Beans-Navy, s2.25 per bushel; Lima. SIC Fer pound.
 Griis-92 pounds, S1. .65.
 Meal. $1 20.
 Birmingham Macaroni 61ac pound.
The Birmingham age-herald., 1905-11-15
Cotton Seed oil.

Memphis, November H.-Cotton seed oil Prime crude, 231sc; prime summer yell low, 26c; meal, s22.OoG22.5; off meal s20.50 @2125; prime cake 322.00d22.25. oil week: prime yellow, 2Sc. Petroleum and rosin steady. Turpentine quiet at 671z@6Sc.
 New Orleans November H-Cotton seed oil steady; prime refined in barrels, 2Sc; off refined, in barrels, 27c; prime crude, loose, 23c.
The Birmingham age-herald., 1905-11-15
Naval Stores.

New Orleans, November 14.-Naval stores steady; pitch, s225 per barrel: pine tar, M.75; coal tar, s3.50. Rosin, per bar rel of 2s0 pounds, A B C, s4-25; D. $430; E, s4.i5: F. $47O: c. 34.7o; H. s4S0: K, $500; M, s5.20; N, s5.30: window glass, s5.b5 wa ter white %45. Spirits of turpentlne very dull at 67c.
 Wilmington, N. C., November 14.-SpIr- its turpentine, no sales receipts. B casks. Rosn, no sales; receipts, 155. Tar firm at sl.S0;. receipts. 5S. Crude turpentine, s3.35, s4.75 and s4.75: receipts. 79.
 Savannah, Ga. November 14.-Turpen- tine quiet at '65c; sales. 569; receipts, SIP; shipments. 2o5. Rosin, nothing doing. Re- ceipts, 665; shipments, 104s; sales, 665. Quote: A B c. s4.25; D, s4.30; E. s4.45; r. A.70; c, sf.75; H, s4s0; I. s4.s5; K, s5.00; M. s5.20; N, s5.SO; VIC. s5.55; wv. $5.65.
 Charleston. S. C., November H.-Tur- pentine and rosin. nothing doing
The Birmingham age-herald., 1905-11-15

New York, November 14.-Coffee quiet; spot Rio and No. ' invoice unchanged and nominal.
 The market for coffee futures opened steady at unchanged prices. There was some liouidation of near positions and in a spite of bullsh reports concerning the coming crop, the market eased off a par tial points during the early trading. At the widened differences switching was readily possible. and the feature of the day was the exchanging from near to late months about 217,000 bags Of the total business representing operations of this character The market closed steady. net unchanged to points lower; sales, 245,25O bags: December, 6.45d6.50; March, 6.So; May, 7.0o@7.O5: July, 720; September, 7.35.
The Birmingham age-herald., 1905-11-15

Perhaps 1t is not etchsA enough: send 1t to the Gawk Engraving Co. Peoples phone m {.
The Birmingham age-herald., 1905-11-15
seahoard Air Line.
Coffee Market.

Baltimore, November 14.-S. A. l.. com mon and preferred, nothing doing
The Birmingham age-herald., 1905-11-15
Metal Market.

New York, November 14.-The London tin market acted somewhat unsettled but spot closed unchanged, while futures were lower at f151; locally the market was quiet, spot s33. .12ta@33. 371s. Copper irreg- ular in London, spot los higher at f75;
 futures 5s lower at f72; locally the mar ket reported firm and generally held steady; lake. SIS. .5o@17; electrolytIc, sl6 50 M16.75; casting, s16. 25@16.50.- Lead un- changed in London; locally continues very firm with supplies for shipment within 30 days, s5.15, while small lots on spot held high at s5.5O. Spelter unchanged in Lon-
The Birmingham age-herald., 1905-11-15
RAILWAY SCHEDULES

showing the arrival and departure ol passenger trains at the Union station. Bir mingham:
 (IIffective October 29 1905.) Louisville and Nashville Railroad.