davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-03-03
STRENGTH SHOWN
IN STOCK MARKET
FluCtuation OF Prices Continues
Nearly All Day
NO GREAT CHANGES OCCUR
Lack of Faith Is. Evident Regarding
Effectiveness of Advance In Cop
per, But Railroad Shares
Are More Buoyant.
NO GREAT CHANGES OCCUR

New York March "A contest for
advantage between the professional
factions in the speculation made up the
stock market almost altogether today.
Forward and backward movements al
ternated all day, not going far in
either direction, but with a dwind-
ling degree of activity that argued
growing languor of the speculative in
terest. Developments were not i'm
portant, although the news from the
metal trades was watched with keen
attention.
Another advance in the price of re-
fined copper both in London and at
the New York metal exchange was
regarded as confirmatory of reports of
an improved demand. The extent of
that demand was subject of dispute
and the price movement was looked
upon with some expressed suspicion of
manipulation.
The conviction is strong that when
the decline in the metal shares
reached its limits, there will be a
large waiting demand developed which
will lead to early trade revival. The
lack of faith in the effectiveness of
the recovery in copper was indicated
by the languid movement of the cop
per industrials in connection with the
news. Reports from the steel trade
also indicated that the cut in prices
had brought out some orders, but the
amount was declared to be small. The
effect on sentiment was offset by the
announcement of posting of wage re-
auctions in the Lackawanna Steel
work at Buffalo, the news having a
somewhat omnibus influence. The mo-
tives for the early selling of stocks
were found in these reports.
The selling showed signs of raiding
tactics by the bears and the prompt
recovery confirmed this suspicion.
The special weakness of Erie was due
to the application to the public SER
vice commission for modification of
the terms permitted for the proposed
bond issue. The Union Pacific and
Southern Pacific net earnings state
ment for January were utilized to
push the rally, but the movement was
totally without enthusiasm.
The reduction in operating cost also
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-03-03
Monthly Cotton Statement.

New Orleans, March 2.-Secretary Hes
ter's New Orleans cotton exchange state
ment issued today covers the monthly
movement to the close of February.
Compared with last year it shows an
increase for the month in round figures
of 21,0OO bales, compared with year be-
fore last a decrease of 22sOoO and with
1906 of %, 600.
The total for February was 1,001,317,
against $50, 495 last year, 1,220s9 year be-
fore last and 7S0,651 same time in 1906.
The movement from September l to
February %, inclusive, shows receipts at
all United States ports S,133,279, against
,S05 last year, S,244, 4S4 year before last
and SPA, 1876 same time in 1906 overland
across the Mississippi, Ohio and Po-
tomac rivers to northern mills and Can
ada 1928, Ats against 4S4, 500 last year, 9O1,-
8s1 year before last and 677,166 same time
in 1906; southern mills talngs, exclusive
of quantity consumer at southern out
ports, LAO, 900, against 1881 900 last year.
900 year before last and 1,37d947
same time in 1905; and interior stocks in
excess those held at the commencement
of the season 627,4s1, against 9s4,5o5 last
year, 451 ,007 year before last and 490,-
S73 same time in 1905.
These make the total movement of
the cotton crop brought into sight dur
ing the six months ending close OF
February, 11,129,24S, against 9,213,849 last
year, 1l,053,3 1872 year before last and s.
t6S, 1852 same time in 1906.
Northern spinners took during Febru-
airy 16l,73S bales, against 215,949 last year
and 27S,9s9 year before last increasing
their total for the six months to 1,973,397,
against 1,167 800 last year and 1,914764 the
year before. This makes their average
weekly takings for the season 1919
against A, 1872 last year and 74,751 the year
before.
Foreign exports for the six months of
the season have been 6,4S0,590 bales show
ing an increase last season of 6,52s56 and
an increase over the same period year be-
fore last of 1926.
Stocks at the seaboard and the 20 lead
ing southern interior mrakets on Feb
ruary 2S were 1.495,651, against 1122, FOL
the same date last year, and 1,654735 the
year before.
Including port and interior town stocks
left over from the previous season and
the number of bales of the current crop
brought into sight during the last six
months the supply has been n,410,515,
against 1851 ,S55 last year and 1851, 102 the
year before.
Up to the close of February last year
1862 per cent of the cotton crop had
been marketed and for the same six
months in 1907, the percentage of the crop
brought into sight was S1.S1 and for
the same time in 1906 the percentage mar
keted was 77.2S.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-03-03
COTTON MARKET
MUCH STRONGER
Buying Is General On Reports
Of Dry Weather
SPCT DEMAND is SETTER
Very Little Rain Is Reported In the
Southwest and Good Support Given
BY BuIlish Spot Houses
Causes Advance.

New York, March 2.-The cotton mar
ket was more active today and closed firm
at a. net advance of to 16 points.
The opening was steady at an advance
of to points on more aggressive
support from leading spot interests, and
rather better cables than expected, while
there also appeared to be some buying on
continued dry weather in the southwest.
After selling about 6 to s points net
higher, prices eased off slightly, under To-
cal bear pressure and realizing, but
continuation of bull support and re-
ports of a better spot demand from the
south started covering during the middle
session, and the market acted very firm
after midday closing within a point or
two of the best. At the high point of the
day old crop months were about 80 points
above the low level of last week. The
talk Of better spot demand for filling
March engagements and the support from
bullish spot houses were the chief fea-
lures, and led to some undoing of strad-
dies between old and new crop posi-
lions, which had been put out in ex-
pectation of a new crop premium.
The only precipitation officially re-
ported in the southwest was trace at
Taylor, Tex, and private wires said that
there were no rains in sight
Southern spot markets officially re-
ported early were unchanged to Lice
higher.
New Orleans wires reported that some
buyers were there from the interior try
ing to fill March engagements. 1t is
estimated by the local authorities that
the new spindleage under construction
in Lancashire will consume about 329,-
900 bales of American cotton per year.
Sales of futures estimated at 225,0o0
bales for the day.
Today's receipts 2S.7SS, against 4,2SO last
week and 26,S30 last year.
For the week $4,000 bales, against 49,
1879 last week and 1925 last year. To-
days receipts at New Orleans SIN bales,
against 1916 last year. and at Houston
1897 bales. against 1928 last year.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-03-03
GOOD ADVANCE
IN SPOT COTTON

The local spot cotton market advanced
u points yesterday, closing with good
middling selling for s7sc.
In the produce market trade moved
brisl1ly throughout yesterday. The COM
mission merchants report that receipts
are fair and that the demand is stiff. The
only change noted yesterday in quota
lions was on eggs, which were selling
for 16c and TIC dozen. This staple is
becoming more plentiful and the demand
is increasing.
The grain market Is still jumping up
ward and flour and meal are going with
it. Yesterday first patent fiours were SELL
ing for 81 a barrel while the price on
second patents was $6.15. Corn is up to
SIC a bushel and meal has advanced to
$1.6S a sack.
Another general advance was noted in
the meat market. Lard has advanced
to 1OAc a pound and fancy bacon is
quoted at 1sc. There was an advance re-
ported on nearly every kind Of meat.
The following prices were quoted on
Morris avenue yesterday:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-03-03
Wisner Released on Bond.

Memphis, March &C. S. Wisner, senior
member of the firm of Wisner & Co., cot
ton brokers of Memphis, New Orleans and
Manchester England, who was arrested
in New Orleans yesterday charged with
embezzlement on a complaint made by
B. C. Boyce, arrived here today. He was
given a preliminary hearing and was re-
leased on $4,000 bond. The specific charge
against Wisner is that while president of
the Lancashire Compress company he sold
some of the machinery Of the company
and appropriated little less than $4,000
to his own use. Mr.. Wisner declined to
make a statement today.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-03-03

was more moderate than for some re-
cent months. Except in a few south
ern railroads the roads thus far re-
porting show an increase in the ex-
pense item, compared with January of
last year, with corresponding modif-
cation of the increase in net earn
ings. This increase in expenses in
several cases was SO considerable as
to overweight the gross increase and
make the net return less than even
the meagre return of January last
year. Canadian Pacific, Chicago and
Northwestern and Missouri, Kansas &
Texas were cases in point. Strength
in individual minor stocks was a sus-
tanning influence in the later mark ct
Hopeful expectations of the incoming
administration also were professed by
the professional buyers of stocks. The
dizziness approached sta gnation at times
during the day, but the later advances
were held.
Bonds were steady. Total sales, par
value, $3,580,000.
United States bonds were unchanged
on call.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-03-03
Live Stock Market.

Chicago, March 2.-Cattle-Receipts
5000. Market steady. Steers $5@7.1o,
cows $3.60@5.50, heifers $3.25@6, bulls
$S4O@5.25, calves $3.50 @S.50, stockers
and feeders $3.S0@4.90.
Hogs-Receipts estimated at $4,000.
Market strong to &c higher Choice
heavy shipping $3.50 6.55, butchers
Se4O0655 lights mixed $6.30@6.35,
choice light $s.35@6.40, pigs $3.50
$50, bulk of sales $s.3o@6.5O.
Sheep-Receipts estimated at 10000.
Market steady. Sheep s3.25Q6, lambs
s6@7S5, yearlings s5.65@z25.
Kansas City, March 2.-Cattle-Re-
ceipts $500 including 200 southerns.
Market 10c to 15c higher. Stockers
$395@5.25 southern steers $4.50@6,
southern cows $2.75@4.75.
Hogs-Receipts $4,000. Market 10c to
15c higher. Top $e.45. bulk of sales
$6.1o@6.45, heavy $685. @6.45, packers
and butchers $6.1o@6.45, lights $50
$50, pigs -$4.50@5.65.
She ep- Receipts 10000. Mark ct
steady. Sheep loo lower: lambs steady.
Lambs $7@745, yearlings $5.75@890,
wethers $3.50 5.75, ewes $4.S0@5.25,
stockers, $@4.753
St. Louis, March 2.-Cattle-Receipts
1850 including 700 southern. Cattle firm
to 10c higher. Steers under 1000 $50
5.75, stockers $3.50@5.25, Texas and In
dian steers $S.50@6.35 cows and heif-
ers s2.75@5.
Hogs-Receipts $500. Market 1Oc
higher Pigs and lights $4.50@6.30
packers $8.25@6.50, butchers and best
heavy $6.45@ 6.65.
Sheep-Receipts 5000. Market steady.
Stockers $3.25@4.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-03-03

business done; prices points high
er; American middling fair, sold;
good middling, 5.25d; middling, 5.05d;
low middling. 4.S5d; good ordinary,
Add; ordinary, 410d.
The sales of the day were 10000
bales of which 1000 were for specu-
lation and export and included $500
American. Receipts $4,000 bales includ-
ing Al, 400 American. Futures opened
dull and closed quiet and steady.
March and March April, 4.9S " d; April
May. 5.O0d; May-June, 5.02d; June
July, 5.09d; July-August, sod; August
September. 5.00d; September October,
49shd October November, 4.94d; No
vember- December. 492d; December
January 4.91Ad; January February,
AID
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-03-03
The CALL
or the WEST

The west, that land Of unlimited
possibilities. which is constantly
calling for the east to come from
Its crowded cities and settle In that
vast country where in one gener-
alton people may grow strong and
prosperous. It appeals to the in
weston who sees villages grow into
towns and towns into cities in less
than a half-score OF years. A con-
fldence that is begotten by the
very vastness of the country, its
rich grazing ranges, fertile lands
and immense mineral deposits.
OF all the western states, Cali
fornia Is probably most favored,
for In this state Is located the
Great Mother Gold Producing
Lode" which is considered to be
the largest sold bearing ore deposit
IN the explored globe. The mines
located on this immense and mex
haustihle lode have produced large
amounts OF gold nninterruptedly
for over 10 years. These mines
have been worked independent of
each other and have been made to
pay large dividends with the crud-
est machinery and most primitive
methods Of taking out the ore. A
company was formed to consolidate
. number of these mines. to install
up-to-dRte machinery, to extract
the ore at one-tenth the cost as
practiced by the old operators.
The company referred to 10 the
California Consolidated Mines Co.
This company has obtained the
ownership Of the greatest gold
producers of the globe. among
which are the ''Wildman-M ahoney,"
the keystone" and Spring Hill
properties with their thousands Of
feet tunnels, and drifts, and their
shafts extending hundreds of feet
below the sea level. Great noun
tains of mined ore on the dumps
and 6,0O0 900 tons in the mine which
ready to break down and be
brought to the surface to be
crushed by the hundreds of great
stamps whose thunderous Impacts
60 on without cessation every day
of the month and every month of
the year pounding the gold from
the rock to enrich the stoclxhold-
ers of this great property.
An opportunity to secure first
mortgage per cent bonds on this
property Is now presented to you.
Every purchaser of these bonds
will receive an equal amount of
worcestershire stock which will
pay handsomely. Do not make the
error of confounding these great
mines with . 40-year producing
record behind them, with the Offer
ings which now I'LL the papers of
wildcat" improved mines which
never produced an ounce of the
precious metal. and whose only rec
ommendation is that old, time
worn assertion that It lies some
where near nina that has pro-
duced at some time In the past.
A small allotment of these bonds
have been placed with me and will
soon be exhausted. Shrewd in
vestors are too wise to let good
things" like this stand long.
For full information write or ap-
ply in person at my office.
VIM. II. Short, Fiscal Agent
21A First Ave-. Birmingham. Ala
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-03-03
Hubbard Bros. G. Co.'s Letter.

New York, March 2-(Special. Texas is
without the needed rains over the entire
state, though showers are reported as
having fallen in the San Angelo district
on Saturday night. Liverpool came some
what better causing buying here for
arbitrage account. This was followed
by local buying, which continued to the
close, when one of the buyers sold, taking
profits, as did outside holders on the ad-
vance.
Today's market was largely local, based
on the absence of rain in Texas and the
lack of any sellers. The arbitrage inter-
est seem buyers each day of more or
less amount, which is supplied by the out
side liquidation. Our local traders are in
clined to the bull side because of these
factors. so that the short interest Is re-
markedly small despite the poor accounts
from spinners.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-03-03
Naval Stoles.

Savannah, Ca, March 2.-Turpentine,
nothing doing; S91ac; receipts. ZS2; ship
ments, rs. Rosin, quiet; sales. 3sl; re-
ceipts, 1884; shipments, 1872; stock 16i 1858.
Quote: B and D. s3.15; e, SO 171s F and
G, 50. 40; H, $3.50; I. $3.50; NJ, $3.50; M,
So. 80; N, Sc 35; window glass, $685. water
white, $3.50.
Charleston, S. c.. March 2.-Turpen-
tine, quiet; SOC. Rosin. quiet. Quote:
A, B, C, $685. D. 1905; E.. s3.o714; F.
1910; G, So 10; II. 81. 40; l, 81. X, $685.
M, $3.50; N, s6.15; window glass, $685.;
water white, Sc. 40.
Wilmington, N c., March 2.-Turpen-
tine, steary: 3Shc; receipts, casks
Rosin, stetary; $3.50; receipts, % barrels.
Tar firm; s1.20; receipts, 105 barrels.
Crude turpentine, firm; SO. So and 49,;
receipts, 217 barrels.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-03-03

Cash quotations were as follows:
Flour-Steady.
Rye-No. g 7Sc.
Barley-Feed or mixing, 641a@651sc; rair
to choice mating 651s@661ac.
Flax Seed-No. / southwestern, 81 .6O1z;
No. / northwestern, 81 10Y.
Timothy Seed-S3S5.
Clover-$S.9 80.
Mess Pork-Per barrel $17617 .121a.
Lard-Per 100 pounds, $97712.
Short Ribs, Sides-Loose, IS. 371a@S. 771a.
Short Clear Sides-Boxed, $9d9. 121a.
Butter-Steady; creameries, 22@2Sc;
diaries, $20025c.
Eggs-Steady; at mark, cases included,
19taQ2012c; firsts, 201ac; prime firsts, 211sc.
Cheese-Strong; daisies, 15ad16c; twins,
14la@15c; Young Americas, 16d161ac; long
horns, 1614q161ac.
Potatoes-Steady; choice to fancy, $50
90c; fair to good, s5@S7c.
Poultry-Firm; turkeys, lie; chickens,
lac; springs, 151ac.
Veal-Firm; so to 60-pound weights, 61aQD
&c; 60 to s5-pound weights S@9c; SO to
110-pound weights, 90101ac
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-03-03
New Orleans Cotton Market.

New Orleans March Spot cotton
steady, &c higher. Middling, 91ao.
Sales on the spot, 1850 bales to ar
rive 1860 bales.
A better demand than usual was in
evidence, coming from exporters wish
ing to fill March shipments but offer
ings were light and trading was re-
stricted in consequence.
Futures opened steady at an adj
vance of to 4 points on a better
Liverpool market than expected No
rain was reported in Texas, which in
creased the nervousness of shorts and
caused them. to cover freely, putting
prices up on themselves. In the aft
ernoon session a good spot demand
increa sed the advance which at the
high est amounted to 10 to IS points
The close was steady with prices
showing an advance of 13 Is points
over yesterdays closing.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-03-03
Bullet Fired at Police Chief.

Rome, Ga, March 2.-Today, while Chief
of Police Charles l. Harris was standing
in front of a store in Broad street near
Fourth avenue, an unknown person shot
at him. The bullet whizzed within a foot
of his head and shattered the glass win
dow of the store. The street was filled
with people at the time, yet no one heard
any report of gun. II this was an at
tempt at assassination, no motive for it
is known
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-03-03
Bonds.
Money on Call.

New York, March Mooney on call
easy Il o. per cent ruling rate; clos
ing bid, u per cent; offered at 2 per
cent; time loans dull and heavy; so
days, ~ @2% per cent; 80 days 2A
@3 per cent; six months, 8 per cent.
Prime mercantile paper az "a per
cent; sterling exchange, steady with
actual business in bankers bills at
$4.S5.50@ 4.S5.60 for so day bills, and
u$4.S7.65 for demand; commercial bills,
$4.84& a 4.85%; bar silver, 50Nc Mex
lean dollars, 44c; government bonds
steady; railroad bonds, steady.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-03-03
Metal Market.

New York, March 2-There was an adj
vance of IS in the London tin market to-
day, with spot quoted at 81So 53s and fu-
lures at G13l 15c.
Local market quiet but a little higher
at SOS. 621a@2S SS1a. London market for cop
per was los higher with spot quoted at
EST It's Cd and futures at EOS 12s Cd. Lo-
cally the market was firm in tone, show
ing the influence, apparently of the large
sales reported recently. Lake was quoted
at $12 S71a@13.12H electrolytic at $4,000
1275 and casting at $12.371had2. 6212.
Lead was lower at e13 SIS 90 in the Lon
don market. Local market unchanged.
The English iron market was a little
higher at ATS lid for Cleveland warrants.
Locally no change was reported.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-03-03
Coffee Market.

New York, March 1.-THE market for
coffee futures opened steady at unchanged
prices to an advance of points in re-
Spouse to steady French cables. Trading
was quiet and there was scattered realiz-
ing, but prices were we'll sustained by
continued covering and bull support in the
near positions, with the market closing
strong, net unchanged to points higher.
Sales were reported of $4,000 bags, includ-
ing March at s6.95d70o; May at $6.a0@S.s5;
July at $3.50; September at $600@6.05; No
vember at $3.50, and February at $3.50.
Spot firm; Rio No. 7, sac; Santos No. 4,
&C. Mild steady; Cordova, 9&@13c.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-03-03
Local Option In Indiana.

Indianapolis, March with the OPEN
ing of the March term of commissioners
local option movement which is spreading
broadcast over the state is given new i'm
petus, and the result is that four coun-
ties yesterday fixed dates for option cleo
lions, while in many others petitions for
elections are on file and will be acted on
during the present session of the commits
sinners
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-03-03
PhiIIies Start South.

Philadelphia, March 2.-The Philadel-
phia National league baseball team left
today for Southern Pines, N. c., for their
spring training. Osborne and Jacklitsch
were not in the party, and 1t was stated
that they are holding out for larger SAL
aries. Crist and Brown will go direct
from their homes.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-03-03
Dry Goods.

New York, March 2.--The dry goods
markets are generally quiet in the pri-
mary divisions. The fall mems wear or
ders in the large houses have been very
good. The heavier cottons are easier.
Yarns are little changed and the low
numbers are selling at very irregular
prices. There is little demand of i'm
portance reported In the export division.
Jobbers continue doing a very fair trade,
all things considered.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-03-03
New Orleans Cotton Futures.
Daily Cotton Movement.

Galveston; Holiday; net receipts, 12,522;
Gross receipts, 1882; stock, 1878 coast
wise, POI.
New Orleans: Steady; middling, 9las;
net receipts, 6T5; gross receipts, $500;
sales, 1900; stock, 279,322 coastwise 522;
Mexico, 800.
Mobile: Firm; mddling, $780, net re-
ceipts, 644 gross receipts, GA; sales, $50;
stock, 54.5o5; coastwise, 1888.
Savannah: Firm; middling, 9Ac; net
receipts, 2371; gross receipts, 23n; sales,
100; stock, S5,30l; coastwise, 1919.
Charleston: Firm middling, csc; net
receipts, $685.. gross receipts, $780, stock,
1890; coastwise. $50.
Wilmington: Quiet; middling, 9bc; net
receipts, S44; gross receipts, S44; stock.
1850
Norfolk: Steady; middling, 8 7-16c; net
receipts, ego; gross receipts, $50; sales,
Sc; stock, 33,772
Baltimore: NOMINAL mddling, 9ssc;
stock 20.1S1; France. 9SS. 4
New York: Quiet; middling 9S5c:
gross receipts, 1919; sales, 90; stock, 49,
367
Boston: Quiet; middling, 9.S5c; net re-
ceipts, 2174.
Philadelphia; Steady middling. 1o1Oc;
net receipts, "a; gross receipts, $40; stock,
1914
Galveston: Net receipts 40; gross re-
ceipts, 40; coastwise.
Total today, at all ports: Net, %, 1888;
France, 1888; continent, 200; Mexico, 500;
stock, 1852.
Consolidated, at all ports: Net, 1888;
Great Britain II, 19S; France, 9,6u: CONT
nent. 23,354; Japan, 1886; Mexico, 500.
Total since September l. at all ports:
Net S,174,251; Great Britain, 2,S32, Ill;
France Soz,271; continent, 1852, IFS; Japan,
1926; Mexico, S74S.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-03-03
Treasury Statement.

Washington, March 2.-Today's state
ment of the treasury balances in the gen.
eral fund shows: Availab BILE cash balance,
s139 1926 57; gold coin and bullion, $780,
Ali; gold certificates, $47, S4S $50.