davidaulloa/AmericanStories huggingface dataset:
The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1906-12-05
Employers Liability.


Among the excellent laws which the
congress past at the last session was
an employers liability law. 1t wes
a marked step in advance to get the re-
cognition of employers liability on the
statute books; but the law did not go
far enough. In spite of all precautions
exercised by employers there are una
voidable accidents and even deaths in
volved in enarly every line of business
connected with the mechanic arts. This
inevitable sacrifice of life may be re-
dueed to a minimum, but 1t can not be
completely eliminated. 1t is great
social injustice to compel the employee
or rather the family of the killed or
disabled victim, to bear the entire bur-
den Of such an inevitable sacrifice. In
other words, society shirks its duty by
laying the whole cost on the victim,
whereas the injury comes from what
may be called the legitimate risks OF
the trade Compensation for accidents
70 deaths due in any line of industry to
the actual conditions under which that
industry is carried in, should be paid
by that portion of the community for
the benefit of which the industry fs
carried on--that is, by those who pro-
fit by the industry. If the entire trade
risk is placed upon the employer he
will promptly and properly add it to
the legitimate cost of production and
assess it proportionately upon the con-
surners of his commodity. It is there
fore clear to my mind that the law
should place this entire risk of
trade" upon the employer. Neither
the Federal law, nor, as far as 1 am
informed, the state laws dealing with
the question of employers liability are
sufficiently thorogoing. The Federal
law should of course include emplayes
in navy-yards, arsenals and the like.
Investigation of Disputes Between
Capital and Labor.
The commission appointed by the
President October Is, 1909, at the re-
quest of both the anthracite coal ope-
Tators and miners, to inquire into.
consider and pass upon the questions
in controversy in connection with the
strike in the anthracite regions of
Pennsylvania and the causes out Of
which the controversy arose, in their
report, findings, and award exprest
the belief shat the state and Federal
governments should provide the ma
chinery for what may be called the
compulsory Investigation of controver-
sizes between employers and EMPLOYER
when they arise" This expression Of
belief is deserving of the favorable
consideration of the congress and the
AContinued on page ten
The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1906-12-05
InjunetiOns

In my last message 1 suggested tn
enactment of law in connection witt
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-06-06

force, and this is the principal factor re-
lied on for the easing of the local money
market The fact that the series or hon-
days In California expired on Monday and
left commercial affairs free to resume
their normal course, added to the salts
faction caused by the further relinquish-
ment of accumulated funds from the
Pacific coast Foreign exchange also re-
acted from yesterday, showing strength,
and discounts in London were lower. The
prevailing rate at Paris, however, fell
sharply and some demand for remittance
to Paris was the consequence of making
Paris exchange strong. Bearing in mind
these general considerations of the pres
ent speculative attempt in the stock mar
ket the movement of individual stocks
offers little of special interest. These
movements today were irregular through
out by reason of a series of sustaining adj
vances accompanied by simultaneous re-
alizing at different points. The sustaining
measures lost by efficacy as the day adj
vanced and a general reaction set In,
making the closing easy.
Bonds were steady. Total sales, par
value, s3577, 900
United States bonds were unchanged on
call.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-06-06
VOLUME SUSTAINED
IN STOCK MARKET
Results of Larger Operations
Somewhat Mixed
PROFESSIONALS CONTROL
Confidence of Present Move Is Based
on Prospect That Money Is In
Course of Accumulation In
Bank Reserves.

New York. June 5.-The added breadth
to the stock market caused by yester-
DAVIS accession of speculative activities
was still in evidence today In the sus-
tanned volume of the trading compared
with last weeks small daily average The
results of the larger operations were,
however. somewhat mixed. 1t is easy to
see that some of the principal stocks In
Yesterdays market were being fed out to
take profits ON higher levels. The effect
was seem in the holding back of the prices
of these Stocks while other stocks were
advancing
As the conviction remained general that
the market was in the hands of the pro-
fessional operators, still the success of the
profit-taking seemed dependent on the
transfer of holdings to new professional
hands with the sole purpose of disposing
of them at a profit to net loss OF BUY
ers. So long as confidence in the minds
of SPECTATORS is maintained, this process
is probable of being carried on for pro-
longed period without extending beyond
the ranks of professional operators 1t Is
a recognized fact that such professional
movement as the preliminary of an ex-
tended rise in the market, the public re-
framing without exception from intering
the market in the earlier stages of the
advance. 1t is the hope of an ultimate
outcome of this sort with public demand
to carry stocks out of the market which
encourages persistence in a campaign in
the full recognition of its professional linn
itations.
The confidence of the present profess
slonal moves in the market is avowedly
based on the prospect that money is in
course of accumulation in bank reserves,
where its enforced idleness Is likely to
force it into stocks for employment In
addition to this news from the crops is
regarded as satisfactory and as warrant
ing an assumption of prosperous harvests
in the event of conditions continuing as
favorable as at present Further large
transfer of currency through the SUBJ
treasury to New York, also continued in
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-06-06
New York Cotton Futures.
Daily Cotton Movement.

Galveston-Quiet mlddling 11S; net re-
ceipts, 3442; gross receipts, 3442; sales, 419
stock, 63,S76; continent, 1881.
New Orleans-Quiet; mlddling, 1913; mel
receipts, 1896; gross receipts, 309S; sales
23O0; stock, 95,3S2; continent, 5201.
Mobile--Quiet; middling, 10ss; net re-
celpts 4S9; gross receipts, 4S9; sales, 1850
stock, 1850; coastwise. 1865.
Savannah-Quiet middling, 1913; net re.
ceipts 1926: gross receipts. 1926; sales 4
stock IS, 439; coastwise. 1H7.
Charleston-Net receipts 172; gross re.
ceipts, liz; stock, 9S11; coastwise, 60.
Wimington--Nominal; net receipts, 92
gross receipts, 80; stock, 14037.
Norfolk-Quiet; middling, IL; net re-
ceipts, 2176; gross receipts, 2176; sales, IFS
stock %. 242; coastwise, 63l
MISUNDERSTANDING; middling, ia
gross receipts. ATS; stock $685.
New York-Quiet; middlng, 1125; gross
receipts, 9O45 stock. 1862. 39l; France, 1923.
Boston-Quiet; middling, lbs.
Philadelpha-Quiet: middling, 1150; mel
receipts, 8; gross receipts, 1870: stock, 24O3
Total today at all ports; Net, 1886
France, 1924; continent, 124s2; stock, AL,
444
Consolidated at all ports: Net, 81 ,423
Great Britain, 1856 France, 1882; CONT
nent, 6192; Japan, 450.
Total since September / at all ports
Net, 7,533S64: Great Britain. 2.6S1, AL
France, 66S,5O1; continent, 2,450135; Japan
Ii, 594; Mexico, 1854.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-06-06
Ware 6 LeIand,s Market Letter.

Cotton opened fairly active after holi-
days. Around the opening prices were
higher because of the filling of a large
accumulation of buying orders, but later
in the day prices here declining tendency
and stood at net loss on free selling
much Of which was undoubtedly for the
short account.
The market looked and felt bearish, and
Il was hard to arouse any bullish enthus-
iasm.
Liverpool has long been the main source
of inspiration for the bulls but it is hol-
iday week in Liverpool, as spot sales of
only 5000 bales this morning attested.
and the bun side misses the support it
has been used to getting from across
the water.
Notwithstanding the fact that many
there was very little comment on the cot
ton exchange today on the bureau reports
1t appeared to well recognized that the
estimate on acreage is nothing, but the
broadcast kind of an estimate, and that
bureau cannot furnish an inquirer with
the number of acres of land under cotton
In any given county in the cotton belt.
Many operators are inclined to the be-
lief that the true acreage Is much larger
than that given by the bureau. So far as
the condition figures were concerned, they
about met the general expectation, and
indicate normal crop, and today's week
ly weather reports indicated that cotton is
growing under satisfactory conditions
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-06-06
Dry Goods.
Gilbert & clay's Market Letter.

Opening prices in Liverpool were deeld-
edly reassuring and seemed to reflect a
keen appreciation of the governments re-
port Yesterday, but later the trade be-
came imbued with the bearish sentiment
that the American markets continue to
express and options lost point after point,
finally closing to 3 points lower than
Fridays levels. Spot sales showed
marked curtailment, only 5000 bales at
an advance of 8 points.
Exactly upon what basis the trade hg-
ures yesterdays report as bearish Is
bearish is somewhat difficult of concep-
ton for the condition estimate of SAG is
slightly below the average for ten years,
while there is nothing in the acreage in
crease of SO to justify any reckless selling
on the part of the bears.
An average yield on the acreage planted
would be less than the requisite l2,0O,OO
bales, and the records of past seasons
prove that fully as many have produced
less as have yielded more than the aV-
erage while on the other hand. with the
advent of a change for the worse In the
weather and it Is not unreasonable to
assume that the excellent conditions that
have hitherto prevailed can be prolonged
indefinitely, crop accounts VIII become
less glowing and induce sufficient buying
to bring about a good reaction. With
this consideration in view and the fact
that the worlds consumption shows a
steady increase with the elimination or
each year, there appears little cause to
justify seriously lower prices for some
time to come. but In the meantime the
character of the weather is the influence
of the moment, and maybe expected TO
cause fluctuations sufficiently broad 10 IN
duee increased market interest.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-06-06
COTTON NERVOUS
AND UNSETTLED
Trading Was Active Early But
Quiet Late
SALES WERE 100000 BALES
Southern Spots Were Unchanged to
70 Lower-Weeky Weather Re-
port Was Considered
Bearish.
SALES WERE 100000 BALES

New York, June 5.-The cotton market
active early, but quit in the afternoon,
when prices fiuctuated within narrow
limits following the early break. The
close was steady at net decline of Z
to 10 points. Sales were estimated at
100000 bales.
The opening was barely steady at an
advance of point to decline of points.
Gables were a little disappointing and
the local market was aggressively raided
by local bears right after the call. The
decline resulting in the absence of impor-
tant bull support. caught stop loss orders
and forced out some of the recent buyers.
There were one or two slight rallies on
covering but the market showed down
ward tendency until July sold at TO- 10 and
December at 10. 20 or about 10 to II points
net lower, when it was steadied by cover
ing and later fluctuations We're very mar
row with the close to points up from
the lowest The days weather report
were favorable. the south was a seller in
the local market and weekly report of
the weather bureau was considered bear
ish. Private cables from Liverpool re-
ported sentiment badly mixed and attri-
buted the decline after the opening there
to American selling. Southern spot mar
kets were unchanged to &c lower. A
warehouse fire was reported. involving 2OOO
bales of the local stock but this attracted
little attention.
Receipts at the ports today 1886 bales,
against 16,725 last week and 23.767 last
year. For the week (estimated) 6O,OGC
bales, against 76957 last week and 112, 43O
last year. Today's receipts at New Or
leans 1886 bales against 4919 last year.
and at Houston 217S bales. against 5lN
last year.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-06-06
New Orleans Cotton Market.

New Orleans, June 5.-Spot cotton was
quoted quiet at decline of &c; middling
1Ozsc Sales 1850 bales. including $50 to
arrive; delivered on contracts, 200 bales.
Futures opened steady at an advance
of and points on an accumulation
of buying orders over the holidays. The
weather map was favorable and late Liv-
erpool cables were bearish which COM
bined to put prices down until they stood
at a net decline of 4 to 10 points on
the active positions. July showing the
most weakness. Late in the day prices
strengthened on a good spot demand.
reports of heavy rains and winds in
portions of Texas where they did damage
and also on reports of a good export
inquiry from both Liverpool and the con-
tinent On the closing the tone was called
steady and prices were / point lower
to points higher than Fridays clos
ing
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-06-06
Naval stores.

New Orleans, June 5.-Naval stores firm;
pitch, 1925; pine tar, $500; coal tar, $9.SO.
Rosin A. b. c, $3.50; D. 1875; E. 1886;
F. $3.50; G, 1895; H, s415; 1, s4.2O; X, $425;
NJ, $4S5; N, $4.45; WIG, $3.50; WV, s4.6O.
Turpentine firm at &c.
Savannah, Ca, June 5.-Turpentine firm.
57l4; sales, 1880: receipts, 1852; shipments,
16S. Rosin firm; Sales 1866; receipts, 4793;
shipments, 1922; stock, 64,275. Quotations:
A. B. C. 81. so; D. 50. Go; e, 1875; F, $780,
G, 1895; II, s4.15; l. $40; K, $4.25; M,
4.95; N, 4.45; WIG, $3.50; WV. $4.65.
Charleston, s. c., June 5.-Turpentine
and rosn nothing doing.
Wilmington, N. c., June 5.-Spirits tur-
pentine, 561s; receipts. 70 casks. Rosin firm.
50 40; receipts, 1885. Tar firm. s1.90; re-
oeipts, As. Crude turpentine firm hard
$3.50; dip. $40; virgin. $4.75 receipts, 467
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-06-06
Abercrombie & Co.'s Cotton Letter.

The government acreage report is 6.2
per cent larger than last years area of
rs, CSC, 900 acres, against 26,999,000. about met
expectations and no doubt would have
served to sustain the market but for
the high average condition of the crop
which figured S4.6 against 7.72 last June
and 83 year before last.
The fact that the increase in the acre
age and in the condition of the crop over
last year equalled about 1914 per cent
and indicated a crop of about 12500,00O
bales, which, however, remains subject
to monthly revision. by virtue of the
character of weather that might be ex-
perienced during the growing and ma
turing season of the crop. The uneaslness
of values today was attributed in part
to the larger indicated yield as was
shown by the bureau and partly on
account of the weather having been very
satisfactory since returns were made to
the government May 25. and It was ar
gNed that IL the condition of the crop
was taken today a higher average than
$40 would be reported. whereas last year
during the month of June the condition
of the crop deteriorated a bit by averag-
ing II in the July condition report
There are any number OF avenues OPEN
ed to the arriving at the indicated yield
and 1t has been said that the south has
not during the present century on an
acreage since 1900. and under existing
present labor conditionb. produced as
much as 100000 bales of cotton. even
when the June condition was a5.f in
1902. which statement is true in every
particular.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-06-06
Metal Market,

New York, June 5.--The London tin mar
ket closed lower at Els 5s for spot and
Eli las for futures; locally 1t was easy
at 29d39. % Copper was higher in Lon
don with spot quoted at eS5 los and flu
lures at eS4 los; locally, firm, with lake
IS. 75d19; electrolytic. 1S.371zqlS. 10; casting.
S.75d19 .371a. Lead quiet and unchanged in
both markets, closing at 6.15 locally.
Spelter unchanged in London. The market
here was firm at 5.95M6.05. Iron was a
little higher closing at 49s Sd for stand
ard foundry and at i9s 101ad for Cleveland
warrants in the English market; locally
unchanged. No. foundry. northern. quot
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-06-06
Southern Railway Co.
Schedule in Effect AprlI 90. 1905.

Trains leave Birmingham as follows:
$40 a.m.-No. 3S. 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.
500 AMINO. 10, for Montevallo, Ma
plesville. Selma and way sta
tons
y :25 p.m.-No. 80, for Columbus. West
Point. Winona. Greenwood
and Greenville; also Sheffield
and Florence and North Ala
bama points.
$40 p.m.-No. 10. for Cordova, Oakman.
Corona and way stations; also
Blossburg.
5:b amino. % for Admission, Helm and
way stations also Rome, Ga.
$50 p.m-No. SO. for Atlanta, Charlotte,
Richmond Washington, New
York and the East. Pullman
Sleeping Car Birmingham to
Richmond Va.
4.05 p.rn.-No. a. Admission, Atlanta md
way stations; also for jack
sonville and all Florida points.
also Talladega. Ala. Pullman
Sleeping Car Birmingham to
BrunSWlck
1920 pm.-No. 81, for Columbus, West
Point, Winona Greenwood
and Greenvilie. Pullman Draw
ing Room Sleeping Car Br-
mingham to Greenville.
10.35 pm,-No. 81 for Selma Mobile and
way stations Pullman Draw
ing Room Sleeping Car Bir-
mingham to Mobile.
II 10 p.m.-No. 9S, for Atlanta. Admission
and way stations. Pullman
Sleeping Car. Birmingham to
Atlanta. Sleeping Car can be
occupied at Union station $50
p. m.
For detailed information and sleeping
car reservations apply passenger office,
Morris Hotel Building. Telephone 30s1
Bell and SIT Peoples.
]. N. HARRISON. Dist. Pass. Agt
r. y. CREAGH. TRAY. Pass. Agt
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-06-06
The leading futures ranged as follows.

Cash quotations were as follows:
Flour-Easy.
-Wheat-No. 2 spring. s1dS3c; No. 3, ia
&c. No. 2 red. S6s4dS71lc.
Corn-No. 2. soc; No. yellow, 501ac.
Oats-No. 2, 347sc; No. 2 white, 3514d36c;
No. white, 34@35c.
Rye-No. 2, 6O1hc.
Barey-Good feeding, 42@44c; fair to
choice mailing. 4S055c
Flax Seed-No. /, s1.O71a; No. / north
western, $.13
Timothy Seed-Prime, So. 30d3.35
p Clover-Contract grades, s11.25
Short Ribs Sides-Loose, IS. 05d9 10.
Mess Pork-Per barrel, SIG. 15016.20.
Lard-Per 100 pounds, $S.521s,
Short Clear Sdes-Boxed. $9.50M9.60.
On the produce exchange today the but
ter market was firm; creameries. 14@19c;
diaries, 13k017c.
Eggs-Easier; at mark cases Included.
14d141kc; firsts. 141sc; prime firsts, 141aQ
151sc; extras, 1Sc.
Cheese-Steady 10Ml1c.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-06-06
Coffee Market.

New York, June 5.-Spot Rio coffee
steady; mild steady.
Futures opened at a decline of 5@10
points in responce to lower European
cables and liquidation. Trading was not
very active, but the market continued
barely steady during the middle session
under selling for both local and foreign
accounts. The close was steady at net
decline of 5910 points; sales, 5000 bags.
July, 5.95d6; September, $40; December
6. 3516. 40; March, $50; May, 6.75.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-06-06
Fruits and Produce.

Lemons-Per box. extra fancy $3.50
SIS.
Oranges California navel oranges;
So 50Gl400.
Observation-Disclosures.
Catalogues 5063.0O per crate.
Tomatoes-Per crate, 81. 5063.
Alabama Beans-Per crate green S1.25@
150.
English Peas-s1.25.
Iimes-Per 100 $lO06Dl.25.
Peanuts Fancy, per pound, &c; No 2 SC.
Sweet Potatoes-Yellow yams, Soc.
Cabbage-New crop 2.75.
Pineapples-3O. 36 and 70 sizes. $2756D3.
Observation-Disclosures, per 24-quart
crate, $100d1.75.
Cucumbers-Per bu. $l.75G2.00
Sduash-Per bu., s1.75@20u
Peaches-Per crate, $1.50G2
Egg Plant-S1. 50m2.
Lettuce-New crop, per crate S1.2591.5o.
Onons-New crop, pound, 21d3c.
Potatoes-Irish, $i@1.10.
New Potatoes-Per bushel, 81. 256p150.
Eggs-Per dozen, fresh, 1dd15c.
Hens-35c; chickens. 25d3Oe; broilers,
l5@25c.
Butter-Fresh, s@1Oc; renovated, Bic;
creamery, Csc.
Cheese-Full cream, per pound. 14G15c
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-06-06
THE LOCAL MARKETS

The price of cotton In the Birmingham
spot market is still on the decline There
was drop yesterday of one-eighth or a
cent twelve points, good mddling closing
at 10ssc. and the inclination Is still down
ward.
In the produce market on Morris ave-
nue. the usual lively condition was pre-
valent all day yesterday, both the ship
ping and local sales being reported large.
There is nothing new in the local gro
Gerry market, everything being reported In
price condition with unchanged quota
tions
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-06-06
Bonds.
Money on Call.

New York, June 5.-Money on call was
easy, 3@31s; ruling rate 81 closing bid,
3; offered at 81; time loans easier on
short rates; sixty days, 4a4A ninety
days, 44@41s; six months, 41s@4a4
Prime mercantile paper, 5Q51s; sterling
exchange easier at 4S5. 50D4S5 55 for de-
mand and at 1872. 4O94S2 40 for sixty-day
bills; posted rates. 4S3 and 1862; CONNER
cial bills. B21s@4S2A. Bar silver, &C. Mexi-
can dollars, 81. Government bonds and
railroad bonds steady.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-06-06
Live Stock Market.

Chicago, June 5.-Cattle receipts, 25oO;
steady; common to prime steers, $6a6. 10;
cows, $S@4.50; heifers, s2.75@5. 10; bulls,
SO. 25d4.25; calves. S2.75a7 Is; stockers and
feeders, 80. 75q4.7 5
Hog receipts 1900; and 71sc higher;
choice to prime heavy, IS. 421sgo.4i; med
ium to good heavy, So. 1905. 421s; butcher
weights So. 40a6 As; good to choice heavy
mixed, S. 40a6. As; packing, s6.35@6. 40.
Sheep receipts, 10000; dull; lower. Sheep,
&C. 7507 .25; yearlings, s56oQ6 shorn lambs,
50. 206. so.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-06-06
Liverpool Cotton Market.

Liverpool. June Section, spot, quiet;
prices 1 to 3 points higher; American
middling fair, 6.51; middling. sos; low
middling, 5S7; good ordinary, SCI; ordi-
nary. 5.F.
The sales of the day were 5000 bales
of which 500 were for speculation and
export and included 1900 American. Re-
ceipts, 1000 bales. including 600 Ameri-
can.
Futures opened firm and closed easy;
American middling, good ordinary clause:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-06-06
Local Stable Groceries.

Sugar-Granulated, SC; Y. e.. 4lRe.
Flour-Faney patent. s575; standard
patent, s.; straight, $500
Coffee-Green, 11d13c; Arbuckle's. 1855;
Porto Rico s15.55-
Meat-Dry sailed ribs, sac dry sailed
rib bellies, 10Ae; extra clear 9s4c hams.
fancy lac medium, 12hc bacon bellies,
111kc; California hams, 9a4c.
Lard-Leaf, 10c. compound lard, TIC.
Molasses-Cen S0@S5c; sugar
house, 40c; Georgia cane, Sac.
White Peas-Per bushel, 81
Beans-Navy, $2,25 per bushel; hand
picked Lima. &c.
Grits-92 pounds SIPS.
Meal-"Jim Dandy" S1.25
Macaroni, Sic.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-06-06
New Orleans Cotton Futures.

New Orleans, June Spot cotton closed
ouiet sales 1450 bales. Low ordinary, 7ssc;
nominal ordinary. sac; good ordinary,
7-16c; low middling, 1Ol4c; middling,
10%c; good middling, llssc; middling fair,
12%c; nominal fair, 12asc. Receipts, 1896;
stock 95,3S2.