davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1911-12-03
Clearing House Statement

New York, December 2.--The state- ment of clearing house banks for the week Give days) shows that the banks hold s4175,oOO reserve in excess of legal requirements, This is decrease of s5,2o0,950 in the proportionate cash reserve as compared with last week. The statement follows.
 Daily Averages--Loans S1.900. .454 900; decreased $15,649 900. Specie $317,34C,- O6o decrease 11.3S6,0OO. Legal tenders SS1.36S, 900: decrease $607,000. Net deposits 53,2S5Oo0: decrease s25,- S41, 1000. Circulation s50,75S,O0O; de crease S90,000. Banks cash reserve in vault, SS35,071,000. Trust companies cash reserve in vault, s63, ,637, 900. Ag- -''-> r'rtn cash reserve. $39S, ,7OS, ,0O0. Ex- cess lawful reserve, S4,175,0O0; decrease, so,-.,,.oU. Trust companies reserve with clearing house members carrying E % per cent cash reserve, $52.994, 900.
 Actual Condition--Loans. $1,SS2,994,- coo; decrease, $25, ,2s3,00O. Specie. s90I.- S27,000; decrease, $17,36S,000. Legal ten ders, sSo,662,00o decrease, $2.999,0cO. Net deposits, $1,711, ,23o,000; decrease, Sl9, 2,0OO. Circulation, 0,601 900; de- crease, s203,000. Trust companies cash reserve in vault. S6S,S96000. Aggregate cash reserve. $3SS, ,4S9,000. Excess law ful reserve, S1,30S,900; decrease, $7663,- 400. Trust companies reserve with clearing public members carrying a5 per cent cash reserve, S51,476,000
 Summary of state banks and trust companies in Greater New York not re- rorting to tha New York clearing house: Loans, $609, ,SS6.400; increase, sS.OO7,30O D. o.a, s63, $500; increase. $1.029. sac. Legal tenders, $10.S40,300; decrease, s96.3oO Total deposits. $5s1, ,60s, 300; iE- crease. ss,727.20O.
The Birmingham age-herald., 1911-12-03
Weekly Cotton Review

New Orleans, December 2.-The cot ton market this week, compared with the last few weeks, was fairly broad and active. The tendency of prices was downward. The bear side was aggres- sive, crop estimates were large and it was generally claimed by spot people that they could trade very easily With the interior. The net results of the week In the future market were a de- cline of S6 to S9 points. The high prices were made on Monday and tte low prices on Saturday; at the high est the trading months were IA to Is points under last weeks close; at t.e lowest they were 37 to Al points un. der. The range of prices was 21 to 25 points.
 The week was featured by many crop estimates and they reflected a wide range of opinion, the lowest being 13.9OO,OOO bales and the highest 15.. S00,000. This serves to illustrate in what frame of mind the trade is ap- preaching the annual estimate of the total yield by the government. The large crop estimates had more influence than small and it is generally consid- cred that the large figures mentioned above put out by a prominent cotton man in the interior had much to GO with the decline of the week. It was the claim of many brokers that the large crop guesses were causing hold CTS of spots to let go
 The weather of the week was, ou the whole, unfavorable for picking the crop. Temperatures were too low and considerable rain fell in the early part The weather. however, had little in- huence on prices.
 In the spot department middling lost S-16c. closing at 3-16c against 9ssc last week and 14 11-16c this week last year Sales on the spot amounted to 3227 bales against PISS last week and 25S5 this week last year; sales to ar rive amounted to 9075 bales against 12,o42 last week and 9o05 this week last year.
The Birmingham age-herald., 1911-12-03

ury bills. It closed, however, with good recovery. Home rails were strengthened by the fact that the directors of the roads had agreed to meet labor union repre- sentatives and endeavor to settle their differences.
 Argentine rails were firm on favorable crop reports Copper shares continued buoyant under American and continental buying. Persian bonds were weakened by Persia's difficulties with Russia.
 American securities finished fractonaily lower. Dear money in New York and uil- certainty regarding President Taft's mes sage to Congress more than offset early professional support, and the market period closed dull and uninteresting.
 Actual and prospective hardening of money rates everywhere caused a corrc spending advance in discounts but a high CT bank rate is not anticipated unless some outside gold demand suddenly ap- pears.
The Birmingham age-herald., 1911-12-03
Live Stock Market

Kansas City, December 2.-Cattle Re- ceipts 2O0 including 100 southern; mar ket steady. Dressed beef and export steers, $675@s; fair &o good, $5. 2596. 65; southern steers, $4@650; southern cows, s364.
 Hogs: Receipts 4OoO market steady
 Bulk of sales, $575@625; heavy, &C., @6.3o; packers and butchers, $6.1Oa6 30; lights, $5.6O@6. 20; pigs, $4l525
 Sheep: Receipts none market steady Muttons, s4@6; yearlings, $3.75G4. 50; wetbers. sS.25@4; ewes, $2. 75@S. 50; stock CTS, $2Q4
 Chicago, December 2.-Cattle Receipts 6G9; market steady Reeves, s450a9 10: Texas steers, $4.1O@ 5.75; western steers, $4@7.15; stockers. SSQ5.75; cows and heif- CTS, $1 .90@5 20; calves, $5. 50GJS. .25
 Hogs Receipts 130O0; market weak to a shade lower than early. Light, $5. GOO 6.30; mixed, s5.90a6.5O: heavy s5.95a6 55; rough, $5.95@6.2O; good to choice heavy, s62o@6.55; pigs, $4.50@5.75; bulk of sales, $6 15I6 40.
 Native, s9.5oM4; western, $2. 750l4 year iings, S4d5.25; lambs, native, $464 10; western, $4.6.1o.
 st, Louis, December 2-Cattle Re- ceipts 5000, including GOO Texans; market steady. Native shipping and exports, $7a 9; dressed and butcher steers. s5@7; stockers. $3@6; Texas and Indian steers, $4a7; cows and hefers. $4.5Oa7.
 Hogs: Receipts, 6100; market steady. Pigs and lights, $5. .4OQ6.25 packers, $6dI 6.s5; butchers and best heavy, s6.10G6. 45.
 Sheep: Receipts 100: market steady. Ma tive muttons, $3dl375; lambs, $4 .256I5.75; stockers, $.50d3 25.
The Birmingham age-herald., 1911-12-03

the trust companies as whole indicated an increase of nearly $105OO,000 with cor responding gain in deposits.
 The clearing house banks proper, there- fore, must have reduced their total or loans and other items to an amount great CT than revealed in the combined state ment.
 In view of the figures just given the gradual hardening of money during the week is not at all mystery. but remem- boring that there are at least $l5OWO,oOO of American credits available in Europe, and that money will soon be flowing in this direction from the interior if for no other reason than to take advantage of the slightly higher rates, there seems to be no occasion for alarm that the money market here is working toward a state of stringency.
The Birmingham age-herald., 1911-12-03
WHEAT MARKET KEPT ON ADVANCE
Rain Retards the Argentine Harvest, Damaging Crop.
 Loss in Corn Market

Chicago, December 2.-Rains retarding the Argentine harvest and damaging the crop kept the wheat market today on the advance. Closing prices were firm, being 5sQ1c higher than last night. In the corn market there was loss Of ssQtsc, oats finished unchanged to 1s0Ac up, and hog products varying from Dc to 714c decline to rise of 21ac.
 For the December delivery of wheat the market recovered entirely the previous losses of the week, and for May all but lzc. There was great deal of buying on the part of shorts, including some who had taken similar action yesterday, though on a smaller scale. Considerable miscel- laneous commission purchasing aided, too, in sending qoutatons up grade. Another was the fact that shipments from primary centers were very large, the final clearing of wheat from Duluth being mainly re- sponsible for the absence of a period That port today sent out steamers carry ing total of 100000 bushels In this con- nection the decrease in Chicago stocks for the week was estimated at 945,oo0 bushels. It was also noted that Montreal and Win nipeg reported export demand brisk not only from Great Britain, but other Euro pean countries as well.
 Between the opening and close May ranged from 99Ac to s1. CO.'S .0O,a. with last sales sl.0Oss, gain of %@7sc net.
 Impending large receipts weighed down corn depsite the bulish influence of wheat. There was every indication of heavy run for some time. if only the weather held good. May fuctuated from 649sc to 649sc, closing fairly steady at 64ssc, net loss of 1sc.
 Weakness principally was in December and cash. The latter which had practi- cally no support, fell to 11sc. No. yell low was not quoted at all
 Most of the time oats took color from wheat and sold higher Besides the bulls had the advantage that primary arrivals this week did not show such an increase over last year as in other grain. To the high and bottom levels touched for May were 4ssd5Oc and 499s@49s4c, with the close ls&Ac up, at 497c.
 Although provision stocks were known to be double the supply a year ago, the hog run west this week was 147,O00 less than for the previous seven days. Ac- cordingly the market did not swing far either up or down. In the end pork showed a decline of 5c to kc, lard was off 21ac, and ribs ran from 5c lower to an advance of 21ac.
 Future quotations were as follows:
The Birmingham age-herald., 1911-12-03
MANY GAINS AMONG
 PROMINENT ISSUES
Stocks Rise After Week of Bear Selling and
 Heavy Market

New York, December 2.-At the end of a week of bear selling and heavy markets the nature of trading changed and stocks rose The demand was pro -portionately larger and stocks were not in plentitude with result tha. there were many gains of 1 to points among the prominent issues.
 Several factors such as favorable trade reviews, an optimistic statement by the head of one of the Steel cor poration's largest rivals and a sharp rise in Gould securities helped to bring about more cheerful speculative sen timent. It is probable, however, that technical market conditions were large ly responsible for the raise.
 Bear selling had been carried on steadily most of the week with a re- sultant expansion of the short account. When some covering was attempted prices stiffened so readily that the short interest showed signs of nervous ness.
 Covering was carried on heavily dur ing the last few minutes of trading. especially in the favorite speculative shares.
 The rise in the Wabash securities was thought to be in anticipation of developments next week in connection with the reorganization plan of Wa basin -Pittsburg terminal under which 1t is expected the position of the Wa bash will be strengthened. The per cent bonds at one time showed gain of nearly 4 points and the preferred 2 E. The Northern Pacific report fol October showing d gain in net earn ings of $552,000 was factor in strengthening the stocks of the west ern railroads. For some months the earnings of Northern Pacific like those of other Northwestern roads, have not made favorable exhibits.
 Louisville and Nashville reported gain in net of nearly S250,000 and Mis- souri, Kansas and Texas a decline of about S100,000.
 Unexpectedly large changes were disclosed in the bank statement. The loss of cash of $19,500,0O0 as shown in the actual statement far exceeded preliminary estimates. This change as well as the falling off of nearly $50,- 000,009 in net deposits and the $25,- 00o,000 loan decrease probably was due primarily to the shifting of accounts in connection with the December 1 interest and dividend payments The weeks movements all but consumed the surplus reserve which was reduced to nominal figure.
 The bond market was active and firm, Total sales, par value, $3,S01, ,000; Unit ed States As registered lost 1s on call on the week.
The Birmingham age-herald., 1911-12-03

Cash quotations were as follows:
 Flour: Steady; winter patents, $4Q5 straights, $S.75a475; spring patents s57O @5.90; straights, s4.30Q450; bakers, S375@ 4.75, # No. 3 rye: 92c.
 Feed or mixing barley: 7599Sc.
 Fair to choice malting, $1.1O@1.2O. Timothy seed: s13d15.25.
 Glover: $13.50a2025
 Mess pork. per bbl.: $15.75Q16. Lard, per 100 bs. s9.021a.
 Short ribs, sides, Qoose): $S12h.
 Butter Steady creameries, 26@86c; dai- rles, 24430c.
 Eggs: Easy; receipts, 2OOs cars; at mark, cases included. 22a2Sc; frsts, 25@27c; prime, firsts, 20@30c.
 Cheese: Steady; daries, 15@15hc; twins, 14l4q14&c Young Americas, 15AQ151ac; Long Horns, 15Ac
 Potatoes: Steady; Wisconsin, SO@S5c; Michigan and Minnesota, S4@S6c; receipts, 75 cars.
 Poultry: Firm; turkeys, live, 1Se; dressed, 17c; chickens, live, Sc; dressed, ,9@11c; springs, live 10c.
 Veal: Steady; 50 to 60 lb wts.: 7@11c.
The Birmingham age-herald., 1911-12-03
Hubbard Bros. & Co.'S Letter

New York. December -(SpeciaD-Our cables state there is an immense demand
 from the continent on any decline in Liverpool. This demand for American cot ton is due to the short crops of cotton in
 India, Russia and Egypt and the rela- lively higher prices at which they are selling as compared with the price of our cotton. It is evident that the continental spinners who have the reputation or being the best merchants in the spinning trade are buying large supply from this crop as prices decline. Here the feeling is as bearish as ever. A large ginners' return is expected next week and the government estimate of the crop is expected to fndi cate crop of at least 15,OO0.000 bales. |, is difficult to find any one who does not look for lower prices now that tin, south is reported selling freely. Yet tn, market is at the low point of the seaso, We can expect that the demand from spinners will increase on any furthe and we see at least one buye who is willing to absorb large quantities of cotton. Apparently all of this bearish factors are known. The question is, havt they played their part and have we reached point where investors will buy to wait for a profit.
The Birmingham age-herald., 1911-12-03
Empire Audit Company
 G L. LEMON, President MUNICIPAL ACCOUNTS AND SYSTEMS
 BIRMINGHAM, ALABAMA

off. Cables were considerably better than due but enough cotton was offered to pre- vent the market from making an advance on the first call. Around the call prices of the most active months were l to points down, but little later shorts were good buyers and scalpers went long for a turn, with the result that every thing offered was absorbed and at the end of the first half hour of business prices were 4 to points over yesterdays s close.
 Private cablegrams around the middle of the morning said that continental spin ners had been immense buyers of con- tracts in the Liverpool market. This stim- ulated buying here for long account and the trading months were put to points over yesterdays close. Strong bearish in- terests commenced selling on the rise and checked it. The forecast of fair and warmer weather for the entire cotton region was a help to the bear side. as it indicated a return of good picking weather.
The Birmingham age-herald., 1911-12-03
Liverpool Cotton Market

Liverpool, December 2.-Cotton spot quet; prices points lower; American middling fair 5.59d; good middling, 5.23d; middling, 5.03d; low middling, 4.s9d; good ordinary, 4.75d ordinary, 4.55d. The sales of the day were coco bales. of which 1000 were for speculation and export, and in- cluded 4S0O American. Receipts, 5000 bales, including 20,100 American. Futures opened easy and closed very steady. De- cember, 4.S6d; December-January 48S1ad; January-F February, 4.S7d; February March, 1. .Ss1bd; ch-April, 4.90d; April-May, l. 921kd; May-June, 4942d June-July, f. 961ad; July-August. ugust-September, 4.g71kd; September-O october, 4.97d October November, 4.961ad.
The Birmingham age-herald., 1911-12-03
A Judge Without Prisoners
London Chronicle.

fTOm the LOnd0n ChrOnlcIe.
 St. Helena is a curiosity among our coll onies, inasmuch as its governor is also chief justice, although he may never have opened law book. The retiring ruIer, Sir Henry Galway, is a soldier, and in re- viewing his nine years administration, the little local paper mentions that ha presided at 33 courts of quarter sessions, but at 21 of them there was no business except presentation of white gloves. The absence of serious crime is declared to be both remarkable and gratifying in view of the Struggle for existence, and. the fact that since the withdrawal of the garrison St. Helena has been in a state of bankruptcy"
The Birmingham age-herald., 1911-12-03
Coffee Market

New York December 2.--The market for coffee futures opened quiet at un changed prices to a decline of l point, and eased off slightly during the day under scattering liquidation combined with little trade selling in the ah- sence of any important support. The European markets made fairly steady showing and the Brazilian markets were steady but foreign estimates pointed to a larger increase in the worlds visible supply for the month than previously expected and this may have inspired part of the selling noted here. The close was dull at a net de- cline of to 8 points.
 Sales, 17,750 bags December, 14.31c; January, 13.91c; February, 13.S1c; March, 13.61c; April, 1s.55c; May, 13.5oc; June 13.48c; July, 13.47c; August ana September. 13.46c; October and Novenl- Der, 13.45c
 Havre was 4 franc higher. Ham burg was Ii O F pfennig higher. Rio 25 reis higher at 8 SIX 500; Santos un changed to 50 reis higher. As SIX $50; Is SIX 750. Receipts at the two Bra zilian ports 39,O0O against 42,000 last year. Jundiahy receipts 29,000 against 21, 900 last year. Rain was reported in all districts of Sac Paulo. Private cables from Havre estimated an ir- crease of 327,000 bags in the worlds visible supply for the month of No- vember against a decrease of 52,144 last year.
 Spot quiet; Rio No. ', 15c; Santos No. 4, 161ac.
 Mild dull; Cordova 16h @1Shc nom inal.
 The worlds visible supply statement as published here after the close show ed an increase of S45,3s9 bags, making the visible as of December l, 13C474,- 030 against 14,741,976 last year.
The Birmingham age-herald., 1911-12-03
New York. December 2.-The Financier

 New York. December 1.-The Financier will say:
 The extraordinary decrease of $19, ,6e7, 600 in cash shown in the clearing house bank statement of Saturday resulted de- spite an accompanying contraction of s4s.- 512,0O0 in deposits in almost wiping out the excess reserve, the surplus above the re- quired 25 per cent minimum standing at the close of the week at $1, ,3OS 300
 The changes compared with the pre- vious statement were very much larger than preliminary estimates forecast and It was rather difficult to account for some or them. Loans shrank s25, ,2s3, ,O0O. and this. together with the cash loss. explains the deposit reduction.
 Had 1t not been for the contraction in the latter item, which relieved reserve re- quirements by nearly $12,5oo,0oo the de- crease In the surplus item would have been heavier than the amount actually reported. namely. s7.663. 400. II IS rather striking fact that while tne clearing house banks, including trust company members. showed a heavy de- crease in loans, the weekly statement of
The Birmingham age-herald., 1911-12-03
Flour and FOOdstuffs

(Corrected by Tennessee Mil Co)
 Self-raising flour. s5.75. Nellie King 1oul, per barrel. s. Bolted meal, per 96- pound sacks, s1.70. No. 2 corn, per bush el, kiln dried, 90c. Pure wheat shorts, $S5. Pure wheat bran, $50. 10O-lb. c. S. hulls, per ton, $11. Prime c. S. meal. per ton, s29. C. s. feed meal, per tors s25 No. l timothy hay, per ton, s2S. Mixed alfalfa and Johnston grass. s2O Corn chops, per 10O-lb. sack, S1.70. White oats, 66c.
The Birmingham age-herald., 1911-12-03
Treasury Statement

Washington, December 2--At the be- ginning of business today the condition of the United States treasury was: Work Ing balance in treasury offices, $73, 700 993 In banks and Philippine treasury, $35,- CS6.iSS The total balance in general fund was S130,912,96S: ordinary receipts yester- day were $1,3SS,7S6, with ordinary dis bursements of $62, ,631 ,344. The deficit to date this fiscal year is $21, ,SS3,715 as against deficit of s9,O59,946 at this time last year. These figures exclude Panama canal and public debt transactions
The Birmingham age-herald., 1911-12-03
New York Cotton Futures
Daily Cotton Movement

Galveston: Quiet; middling, 9ssc nei receipts, 15,423; gross receipts, le,- 423: sales, 761; stock, SS5,S33 France 1S,677; continent, 11,64o.
 New Orleans Steady middllng 3-16c; net receipts s299; gross re- ceipts, 9S49; sales, 252o; stock, zl4''1o' continent, 6000 coastwise, 637.
 Mobile: Easy; middling, S7sci net re- ceipts. 1910; gross receipts, 1S10; sales, TOO: stock. 64,3SS; coastwise, 126.
 Savannah: Quiet; middling, -l6c; net receipts, 1S,151; gross receipts, lo, 151; sales, 3116; stock, 245,0i7; conti- nent 9900; coastwise, 1902.
 Charleston Quiet; middling, Bc' leet receipts, S46 gross receipts,s S46' stock, 56,579; continent 12,40O; coastw1se' 1296.
 Wilmington: Steady; middling, sac net receipts, 3979; gross receipts, 3979; stock. 16,676; coastwise. D.
 Norfolk: Steady; middling, Ssc; net receipts. 4S05; gross receipts, 4so5; sales, 1910; stock, 62,So9; coastwise' 1869.
 Baltimore: Nominal; middling, 9Bc; stock, 1884
 New York: Dull middling, 925c; gross receipts, 1252; stock, 194,2o5; con- tinent 450; coastwise. 664
 Boston: Quiet; middling, 9.25c; net receipts, 1920; gross receipts, S702; stock, 12,177; continent, 115.
 Philadelphia: Quiet; middling, 95oc; gross receipts, 50; stock. 32fo.
 Texas City: Net receipts, 2S0S; gross receipts, 2SO9; stock, 741,o21.
 Pensacola: Net receipts, 11S; gross receipts, 11S; continent, 11S.
 Total today at all ports, net 57,26O; France, 13,577; continent, 41,223; stock, 1,265,600.
 Consolidated, at all ports, net 57,26O; France. .14577; continent, 41,223.
 Total since September l. at all ports, net 5,453,S3S; Great Britain, 1,649,5S3; 1; France, 492.097; continent, 1,595,ol3; Japan, S1,S06; Mexico. 2350.
The Birmingham age-herald., 1911-12-03
Fruits and Produce
(Corrected by Douglas Bros. }

(COrrected by DougIaS BrosD
 Arpes-Fancy northern, per bbl.. $46D5: bulk, s2,75Q3. Oranges: California. per tox, S5. Lemons: Fancy, per box, $50 Lines: Imported, $1. Pineapples: s2.75 @3 per crate Pears: California, per crate, s2.75. Grapes: Tokay, per crate. S.0o Concord pony basket 1ic; s-lb. basket. 30c Peaches: California, per crate. S150 Irish potatoes: Per bushel $1.20: Sweet Potatoes: Dooley yarns. per bushel. 750 soc: Rutabagas: Canadian, h., 11sc; On- ions: Red Globe, per 1b,, 2s4c; Spanish.s per crate, S1.65. Celery: Colorado, per crate, S6; per dozen punches, 90c@1.25; Oranges, Florida, $2.50; Cranberries, per box, s2.75@3; per bbl.. s11.
The Birmingham age-herald., 1911-12-03
New Orleans Cotton Futures

New Orleans, December 2-Spot cotton steady, unchanged. Middling, S-16c; sales on the spot, 620 bales; to arrive, 1900; low ordinary, 51sc nominal; ordinary, 6 5-16c nominal; good ordinary. 7%c; strict good ordinary, Slsc; low middling, 8 7-16c; strict low middling, 13-16c; midding, g 3-16c; strict middling, g 7-16c; good mid- ding, 11-16c; strict good middling, 91sc; midding fair, 10 3-16c; middling fair to fair, 10 9-16c; fair, 10 15-16c nominal.
The Birmingham age-herald., 1911-12-03
Bonds
Money on Call

New York, December 2.--Money on call hominal. Time loans firm; GO days and 70 days, 3s4@4 per cent; six months, 3s4 Co 1 per cent. Prime mercantile paper 40 AZ per cent. sterling exchange steady, with actual business in bankers bills at s4. 1925 for GO days and $4. .2514 S6. 30 for demand; commercial bills, $4 S250; bar silver 55ssc; Mexican dollars 461sc. Gov ernment bonds steady railroad bonds firm.
The Birmingham age-herald., 1911-12-03
Bank of Germany Statement

Berlin, December 2.-Weekly statement of the Imperial Bank of Germany shows the following changes Cash in hand de- creased 72, 900 marks; loans increased 42.211.000 marks; discounts increased 69,- &1 ,OO0 marks; treasury bills decreased 13S6,000 marks: notes in circulation in- creased 100,S24OO0 marks. Deposits de- creased 57,i5500O marks; gold in hand decreased 39935, 600 marks.