davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1913-06-14
COTTON MARKET
|SLESS ACTIVE
Prices Ease Off Under Real
izing-ReactiOn After
Sharp Advance

New York. June 13.-The cotton market
was less active today. with prices easing
off under realizing or setting for re-
action after the recent sharp advance
The close was steady at net advance
of point on August, but generally to
points lower.
The market opened firm at an advance
of to 10 points on the continued strength
in Liverpool and renewed covering, which
seemed to come largely from Wall street
sources. The more optimistic view of the
financial outlook probably encouraged
some fresh buying in connection with
reports with increased activity among
domestic mills and an active textile trade
in the west. but old longs took profits
freely on the initiative advance, and
prices soon weakened. There were some
further complaints of low night temper
atures from the eastern belt. and re-
ports of threatened insect damage in
central and western belt sections. Other
wise crop advances were generally ia
vorable, however, and indications for
good weather over the week end seemed
to inspire some selling for reaction.
liduiii5 peSdihS conipdldliNtiN uuiet ditei
the first hour and the market fiuctuated
within a point or two of last night $
closing figures during the middle of the
day, but there was Il little furry of SELL
ing in the afternoon on reports that a
prominent Memphis statscian made the
average condition of the crop over 2
per cent better than when the govern
ments June condition figures were COM
piled. Closing prices We're at the lowest
point of the day with June and July
showing a minimum loss. New Orleans
and Liverpool houses We're credited with
selling rather freely here during the
morning, while comparatively light Of
ferings were sufficient to unsettle the
market in the late trading, owing to the
absence of any important support 1t
was rumored that about 1000 bales of cot
ton on the way here from the south for
contract delivery, but it is also reported
that 1900 bales are to be shipped from
here to Genoa next week.
The Birmingham age-herald., 1913-06-14
MERIDIAN MASONS
TO BUILD CATHEDRAL
$4,000 Structure Will Be
Erected; Contract to Be
Let About August 1

Meridian, June 15.-(SpeciaI AT a
meeting of the building and finance
committees appointed by the Scottish
Rite Masons, held in the Masonic tem-
pie, it was decided positively that a
Scottish Rite cathedral would be built
in this city during the present year.
The order owns one of the finest lots
In the city fronting an entire block on
Twenty-third avenue, between Eleventh
and Twelfth streets, and running half
q block deep
At the meeting held last night it was
decided to adopt the plans prepared by
Architect p. J. Krouse of this city.
which shows a handsome design with
ample room and all modern conven-
fences The building Will cost not less
than $4,000 and possibly more The
furnishings which will be rich and elab-
crate will cost $4,000 and it Is said
that this will give one Of the finest
Scottish Rite buildings in the south.
The finance committee reported that
with scarcely no effort made that }l6,-
900 of the proposed s25,000 bond is
sue had beeen taken and that the bal
cnce would be easily placed The con-
tract will be let about August /, pos
sibly before Another meeting of the
committees will be held June 25, when
arrangements of final character will
be considered.
The Birmingham age-herald., 1913-06-14
MUCH WANTEDR
in THE MIDDLE WEST.
Price OF Wheat Lowered as
Result-Decline 5-S to
3-4c Net

Chicago June 1s.-.Muehs wanted rains
that fell today lowered the price of wheat.
The decline was ssc to &c net. Corn
lost 14c to sc and oats sc to Ease. Pro-
visions at the finish varied from 21ac of
to rise of TIC.
1t was pointed out that the downpour
to which Kansas and Nebraslla were
treated would be of immense value to-
ward the final filling of the wheat crop
in those states. but spectators attached
even greater Importance to fairly good
showers extending through the western
part of the, Dakotas, and the Canadian
prairies. Need of a soaking for the east
ern part of the spring wheat belt led TO
a spasmodie rally. The show of strength.
however. was not lasting, and the bottom
figures of the day we're reached just
before the close. Chances of more rain
in the northwest formed the chief rea-
son for the late weakness. 1t was also
noticed that primary receipts were three
times as large as a year ago; 611 600
bushels, against 217,0G0 bushels. Nebraska
especially was offering wheat here free-
ly' Seaboard clearances of wheat and
flour equaled S6s 900 bushels.
Heavy offerings from cash concerns
that were unable TO sell to the east or
to local industries pulled down corn after
the market had touched a new high level
for the season. Good local speculative
buying caused the carly advance.
Damage reports proved insufficient to
sustain oats when holders attempted to
convert. paper profits into money.
Provisions, as "a rule, scored gains.
Stocks on hand were light, and hogs rel
atively scarce.
q
The Birmingham age-herald., 1913-06-14

same DAYS year before last l,iSs,eo' anu
ahead of 1919 by S.2s2,000
The amount brought into sight uuFihs
the past week has been So.ase ph,ts,
against Il. i3l for the seven days ending
this date last year. a, is3 year before ias,
and 1880 same time in 1910: ansi lor uie
Il days of June it has been 66.5i2, against
@.21l last year. 81 1854 year before iaS an"
$3.50 same time i'm 1910
The movement since September | shows
receipts at all United States ports. e'ei3'-
5i9 against li.S2l, 75S last year, S,iSf,Sls year
before last and 7,l0l.6g7 same time in 19lo.
Overland across the Mississippi. OHIO ana
Potomac rivers TO northern mills ana Can
ada, 2.290, against 1.221 $50 last year, sll'-
s24 year before last and f2,6is same time
ia 1910: interior stocks in excess of those
held at the close of the commercial year,
l6s. .s42 against 1o1 sos last year. So,56o year
before last and l206sl same time In lslu,
southern mills talSings. 25e5,00o, against
2.343.145 last year. 2,oso,s62 year before last
and 2,es2, 765 same time in 1910.
These make the total movement Tor
the 2S6 days of the season from Sep
tember to date 13,a0s.4s1 against 1o,-
4SS.29l last year, 11.51f,o64 year be-
fore last and 10.0sG724 same time in
1910
Foreign exports for the week have
been 66.S44 against S5.29S last year.
indklDs the tolal mus lar lpi iiit sfd-
son S.220.T47 against 1o,161,41S last
year, a decrease of 1,940,726.
Northern mills tallings and Canada
during the past seven days show an
increase of 2S06 as compared with the
corresponding periodlast year and their
total takings since September l have
decreased 927s The total takings of
American mills. north, south and Can
ada thus far for the season have been
4,912.949 against -5,0025,344 last year
These include 2,274,S36 by northern
spinners against 2,s44,1l4.
Stocks at the seaboard and the 20
leading southern interior centers have
decreased during the week Io645 bales,
against a decrease during the cores
ponding period last season of 26,6O4 and
are now Al ,6S4 smaller than at this date
in 1902.
Including stocks left over at ports
and interior towns from the last crop
and the number of bales brought into
sight thus far from the new crop, the
supply to date is 13,679,199 against TO-
I55,265 for the same period last year.
The Birmingham age-herald., 1913-06-14

eastern belt and reports of damage from
boil weevil in Mississippi and Louisi-
ana but otherwise crop advfces have
been generally favorable and yesterday
prominent Memphis. authority re-
ported an improvement on average con-
ditions Of over per cent since the end
of the last month.
The firmer tone of the market there
fore was not generally considered tho
result of any material change in the
new crop outlook, but the strength of
the old crop remnant, and an impress
sion that European spinners have tied
up a large number of local contracts
against prospective requirements doubt
less rendered the trade nervous over
the possibility of less favorable crop
advices should unseasonably low tenn
peratures continue.
Further shipments from the local
stock have reduced the certifcated sup
ply here to less than $1,000 bales, thus
month shorts, while bulls have had
the encouragement of more optimistic
views of the money market, reports Of
a more active demand upon the mills for
goods and a possibility that the Tn
derwood bill would be amended some
what to the advantage of domestic
manufacturers.
There was some selling yesterday.
however, on reports of warmer wealth
Ell in the belt and an idea that there
had been a material reduction in the
outstanding short interest.
The Birmingham age-herald., 1913-06-14
few LEADERS SHOW
SUBSTANTIAL GAINS
Some Further Progress Up
ward, Though the Final
Changes Small

New York, June 13.-The recent violent
breaks in stocks and the equally swift
recovery yesterday were followed today
by slower and calmer trading, with some
further progress upward Final changes
In most cases. however, were small The
most urgent demands for short covering
seemed TO have been met yesterday, and
while there was a further retreat today
by the bears, they were able to buy in
their stocks at better advantage. Invest
ment buying, which was a feature of YES
tcrdays market fell off considerably to-
day. A few stocks, including Reading
Union Pacific, Arnagamated and Can
showed substantial gains at times, but
the movement in general was narrow.
New Haven, which was affected unfa-
vorably by yesterdays wreck, was ex-
ceptionally weak, touching new low
figure at 99h.
In spite of the slaekening demand, sem
tment was more cheerful than for a
long time. Not only here, but in Lon
don better feeling prevailed. There was
some buying here for London asrount
The favorable deductions drawn from the
change of yesterday was reinforced by
inc events of today, particularly in the
money market. Time rates We're easier
although over the year money was still
In scant supply. A spirit of caution still
prevailed, however and speculative in
terests wished to ascertain, before maxi
ing extensive commitments, whether
definite turn in monetary conditions could
come. Forecasts of the bank statement
indicated that another addition to cash
would be shown.
The known movements of currency for
the week indicated cash gain of IS.
900 or $9,0oo.o00.
The bond market was firm. Total sales
par value, S2,6iS 600. United States 3s ad-
Vanccd Is per cent on call.
The Birmingham age-herald., 1913-06-14
TRADE BRISK IN
WHOLESALE MART
Light Shipments Being Re-
ceived Daily and Prices
Are Firm

General business on Morris avenue yes-
terday was reported quite brisk. Light
Shipments are being received daily and
the market is firm srhe only change in
Yesterdays quotations was in the pro
duce line, huckleberries being changed
to s. and $3.50 a crate
Ihe poultry market is in good condi-
tion. one dealer said that he had Or
GERS Tor 10 coops of hens that he was
unable to fill. but fryers are coming in
with some degree of regularity. Practical.
~ no eggs are being received from Ala
bama poultry farmers and most of Rjr-
mingham's eggs are coming from Mis-
souri,.
Ihe grain market is still firm and b,,si
ness Yesterday was better than it has
been any day this week. Oats and corn
are expected to advance almost any dav
The fish market is still very much ha.
low normal. There is but little demand
ana hsh are said to be very plentiful
Prices are at rock bottom and no change
has been noted for nearly two weeks
past "eeNs
NO change was noted in the meat mar
Ket Yesterday, although salt meats ad-
Vanced Il points on the preceding day.
The Birmingham age-herald., 1913-06-14
Comparative Cotton Statement

New York. June 1S.-Comparative cot
ton statement for the week ending June
13: Net receipts at all United States ports
during week, 1929; net receipts at all
United States ports same week last year,
24,042; total receipts since September !,
9,62 ,202; total receipts to same date last
year, 11,742,5l0; exports for the week. 81,
3S5; exports for same week last year,
10, ,OS4, ,906; stock at all United States ports,
290, 73S; stock at all United States ports
same time last year, 4O7.399; stock at all
interior towns. 259,4 AIS; stocks at all in
terror towns same time last year, 49,
586; stock at Liverpool, 1,02o,O00; stock at
Liverpool same time last year. 1,161 600;
stock of American afloat for Great Britain
same time last year, $1,000.
The Birmingham age-herald., 1913-06-14
Interior Cotton Movement

Houston: Steady: middling, ~ Lice
net receipts 493; gross receipts. i93;
shipments, 1910; sales. 6S1; stock a.
351.
Augusta; Firm; middling. 12isc: net
receipts. 155; gross receipts, 1856; ship
ments, SAP; sales, 266; stock, 26,555.
Memphis: Quiet; middling, 12c; net
receipts, So gross receipts. 20S ship
ments, S96; sales. $50; stock, 41,9O6.
st. Louis: Firm; middling. 12Ac;
gross receipts, III: shipments, 109S.
sales, 235; stocks, 24.5OS.
Cincinnati: Net receipts, 500; gross
receipts, 500; shipments, 273; stock, 24,-
$50.
Little Rock: Quiet; middling, 115sc;
shipments. 109; stock, 21,292.
Louisville: Steady; middling 121sc:
net receipts. 81; gross receipts, "a; ship
ments, 4: sales, 70; stock, 100
Greenville: Steady; middling. &c.
Totals today: Net receipts, 1893; gross
receipts. 2466 shipments. 1882; sales,
21O2; stock, 193,561.
The Birmingham age-herald., 1913-06-14
Taking of American Cotton

New Orleans. June 13.-Secretary Hester
gives the taking of American cotton by
spinners throughout the world as follows
In round numbers:
This week this year, 100000, against 49,
900 last year, $4,000 year before last.
Total since September / this year, 12,-
$4,000, against 1862 900 last year and 10,-
$4,000 the year before.
or this northern spinners and Canada
took 2,275.000 bales this year. against g.,
644000 last year and 2.022. 900 the year be-
fore; southern spinners. 2,63S 900, against
2,3s1, ,000 last year, 2,13000o the year before;
and foreign spnners, 7,42I,ooo. against s.,
10000 last year and 6,63500 the year be-
fore.
The Birmingham age-herald., 1913-06-14
Weekly Cotton Review

New York. June 13.-The cotton mar
ket made new high ground on active
covering by both old and new crop
shorts during the past week. Heavy
realizing was encountered as the mar
ket approached liz cents for early
new crop deliveries, however, while
there were also indications that the
narrowing of the difference between
New York and Liverpool was consid-
cradle liquidation of the straddlc long
interest in July and prices at the close
tonight showed moderate actions from
the best. There have been complaints
OF low night temperatures from the
The Birmingham age-herald., 1913-06-14
WEEKLY MOVEMENT
Broght into sight thus far
for season ................. Is, $50
Port Cotton Movement

Galveston: Steady; middling, 1214c: net
receipts 1888; gross receipts, 1898; sales
266; stock, G1.2S2.
New Orleans: Steady; middling, 1880
net receipts. SG6; gross receipts, sos: sales
600; stock, 5i932; exports to Great Britain
5000; to continent. 2?l4; eoastwise, 1S9.
Mobile: Nominal; middlng, 1ls4c; mel
receipts, 2s1; gross receipts, 2s1; stock
9271; exports coasrwise, 260.
Savannah: steady; middling, 12ssc; net
receipts, $50; gross receipts, $50; sales, 100
stock, 1888; exports coastwise, 1917.
Charleston: Nominal; net receipts,s 80
gross receipts, So stock, 11,s15; exports
coestwise S0i.
Wilmington: Nominal; net receipts as7
gross receipts. ao7; stock. 10,046.
Norfolk; Steady; middling, 12ssc; nei
receipts. 1911; gross receipts. 127t: sales
eS1; stock, $3.50; exports coastwise, 1913.
Baltimore Nominal; middling. 12ssc;
net receipts 1861 gross receipts, 2f1l
stock. 4521; exports to continent, 2650
New York: Quier: middling. 1235c; net
receipts. 19; gross receipts. 2351; sales, 700;
stock. 1890; exports coastwise. 752.
Boston: Quiet; middling, 12.35c: net re-
ceipts, 1O6; gross receipts, 692 stock, $3.50.
Philadelphia: Steady; middling, 1260c;
gross receipts, 354 stock, 1908
Brunswick Net receipts, 800; gross re-
ceipts. 800; stock, S21S.
Texas City: Stock. 1919.
jacksonville: Net receipts. 90; gross re-
ceipts. so; stock. sol; exports coastwise, 80.
Newport News. Net receipts. ss3; gross
receipts, $685. Exports ooasiwise, S93
Total today. at all ports: Net, 7l96; ex-
ports to Great Britain, 1000; to continent,
1884, stock 290.l3S.
consolidated, at all ports: Net, 80, 5,2S9;
exports to Great Britain. 1851; to conti-
nent, $685.: to Japan, 500.
aTotal since September /. at all ports
Net. 1922, 2OS; exports to, Great Britain.
g. n5,774; to Francs 949.332: to continent,
3 3S44.557; to Japan, os1,61; to Mexico, II, $50
Corrected.
The Birmingham age-herald., 1913-06-14
Cotton Receipts

New York. June 13.-The following are
the total net receipts of cotton at all
ports since September |:
Galveston. S.759,3S9; New orleans, 1885,
115; Mobile, 221, ,49i; Savannah, 1,254, 7SS;
Charleston. 304, ,0S0; Wilmington. 1H, ,25l;
Norfolk. 522 6s7 Baltimore. 73.96i; New
York, 1i,611: Boston, 1895; Newport News,
107,G05; Philadelphia, 5444; San Francisco.
251, 1853; Brunswick. 3S9, SIS; Pensacola,
12416o Portland. Ore, 1926: Port Arthur,
149,O3i: Jacksonville. 1884: Texas City,
Cos 5aa; Seattle, 34536 Laredo, 3052; Ta-
coma, 6S.39S: Aransas Pass, 81, ,79S: George
town. 110; minor ports 1875; total, 1872 202
ba
The Birmingham age-herald., 1913-06-14
COLLEGE CREWS IN
TRAINING FOR THE
ANNUAL REGATTA

Foughkeepsie. N. Y, June 13.-The Syra-
cuse crews arrived here this afternoon,
completing the list of crews here to par
ticipate in the intercollegiate regatta
June 81
Taking advantage Of perfect rowing
conditions the crews were out for easy
rows today. Coach Courtney took the
Cornell squad four miles down stream
and returned with the flood tide. The
Columbia oarsn1en remained up the river
above their quarters being drilled in blade
work.
As Is their custom the Washington
crew took long pull, going down stream
for a distance of about six miles, return
ing with the tide.
Coach Vail gave his Wisconsin men
light work this afternoon. taking them
Tor short spin down below Blue Point.
The Birmingham age-herald., 1913-06-14
TRI-CITY GAS co. is
DEFENDANT IN SUIT

Gadsden. June 1S.-tSpecial.)-Dr II.
L. Appleton of this city has brought
suit against the Tri-City Gas company
because gas service was cut off from
his office. lie asks $1,000 in the COM
plant. which was filed today in the
city court of Gadsden
Guntersville will have a Fourth Of
July celebration that will eclipse any
thing of the character ever attempted
there Plans are being made to en-
tertain several Thousand people.
The case of Mark Smith, which was
called in the criminal division of the
city court of Gadsden yesterday Went over
until Wednesday of next week because
of the illness of two important witnesses.
Eesses.S
1t Is estimated that Sl50,000 has been
pad out this week by local industrial
plants. Every plant in Gadsden and the
vicinity is in operation with the ex-
ception OF the furnaces of the Alabama
company.
The Birmingham age-herald., 1913-06-14
Liverpool Cotton Market

Liverpool, June 13-Spot cotton firm;
good business; middtng fair, 736d; good
middling 7.old; midhing, 677d: low mid
ding, SID; good ordinary. 6,25d; ordinary.
Odd. Sales, 10000 bales, including 5000
American and 500 FOR speculation and ex-
port. Receipts, 5000, including 2l0O Amer
lean. Futures closed quiet and steady:
June, 655d; June-July, 6.49hd; JuIy-Au-
gust, 6.471sd; August-September, 6.371hd:
September-October, 6.25d: October Novem-
Der, 61Sd; November-December, Slid: De-
January, 6.13d; January-February,
SID; February-March, Gid: MARCH,
April, 6l5d; April-Aay, 6.16d; May-Juns
6.17d
The Birmingham age-herald., 1913-06-14
Hubbard Bros. & Co.'S Letter

New York, June l3.-(Special. .)-Th0 mar
ket has been quiet and steady, with no
feature of special ncte. The highest prices
were at the opening. about points above
the close. from which prices gradually re-
ceded, most markedly In July.
Trading was local and small, greatly In
contract to the recent activity.
The furry seems to have passed and
crop and trade conditions take the place
of technical ones.
The Birmingham age-herald., 1913-06-14
lambs ss.25ms. vearlIngs s5@6. weth.

lambs s6.25@S, yearlings s5G6, weth-
ers s550@6, ewes s450@5.5
St. Louis, June 13.-Cattle Receipts.
1400 including 800 southerns: market
steady; choice to firm steers 1926 q 8,
good to choice steers $7.vo@ $50 dressed
ana butcher steers $3.50 $50. stock
ers $3.50 $50, Texas steers 35.25@7.1o
Texas COWS and heifers S4.25@7.
Hogs: Receipts 1900; market higher;
pigs and lights S7.25 as, mixed and
butchers sS.9O@9. good heavy $500 q 2.
Sheep: Receipts 400; market steady;
muttons S5m5.25, yearlings s5.25@ so,
lambs $7m7.40, springs $3.50 $50.
Louisville, June 13.-Cattle: Receipts
s25: market steady: rangs seas.
Hogs: Receipts 1000; market steady
range $4.50mS.55.
sheep: Receipts 10000; lambs strong,
bulk of tops $3.50; some fancy higher;
sheep $4.S5 down.
The Birmingham age-herald., 1913-06-14
Bonds
Treasury Statement

Washington. June 13.-The condition of
the United States treasury at the begin.
ming of business today vast: Working
balance, $59.559, $751; In banks and Philip
pine treasury, So. .5OS,Sl7. Total of general
fund. 3sI5,511. Receipts yesterday, So
1i9.0'5. Disbursements, 50, i01 ,920. The sur
plus this fiscal year is 1884,, 1865 as against
deficit of ss,290935 last year The fig
ures for receipts. disbursements. surplus
and deficit exclude Panama canal and
public debt transa ctions
The Birmingham age-herald., 1913-06-14
LiyerpOOI Grain

Liverpool June 1S.-Wheat. spot seady;
No ] Manitoba, is Cd; No. .. rs G1ad; No. 5
Is 41sd. Futures steady; July, rs 5ssd; Oc-
totcr is AID; December, IS 4ssd Corn,
spot irregular. America mixed new. IS
I'D. Same kiln dried, IS S1sd American
mixed old, is; American mixed old via
Galveston, 5s Sd. Futures steady July,
La Plata, As t05sd September, La Plata,
As 11Ld.
The Birmingham age-herald., 1913-06-14
Dry Goods

New York, June 13.-Fruit of the loom
Al musns, which were reduced yesterday
to SA cents were placed at value prepara-
tory to an advance today after all tho
goods offered had been sold. Cotton goods
are generally steady but quiet. Cotton
yarns are slightly firmer. Carpet woods
have been selling more freely for quick
use. Silks are still in good call for spot
shipment.
The Birmingham age-herald., 1913-06-14
London Stock Market

London, June l3-The fact that the set
tlement period was concluded on the stock
exchange with only two small failures has
done much to restore confidence here
Prices improved in all directions and
the markets closed firm. Consols finished
Is better American securities opened
steady and about unchanged. Prices in1-
proved during the first hour, but later the
upward movement halted and most of the
list fell below parity under realizing.
The closing was steady.
consols for money, 70 5-16; for account,
75 ZIG. Illinois Central ia: Louisville and
Nashville. 1888; Southern railway. 21ss. Bar
silver steady, a7l4d Money. 3@31a per
cent. Discount rates: Short and three
months, f4qlas per cent.
The Birmingham age-herald., 1913-06-14
Hubbard BROS. Il 10.

,,"tsgs Msschapt.. HenSveF sS1sre, n.
;,lanss New orleans Cotton Exchanse.
s'stH Msbsr: LysEgesod5 csottGn As.o-
chase and sale OF Cotton ana Cotton
seed on for future delivery. Special
attention and liberal terms given foS
tnnsfgnment6 Of spo. cotton Tor ~
overy. Correspondeace invited.
The Birmingham age-herald., 1913-06-14
New York Money

New York, June 13.-Money OH call
steady. l1s@2la per cent Ruling rate, 21i
per cent. Closing bid, ia per cent. Of
Tered al per cent. Time loans. easy
Sixty days, per cent. Ninety days, IA
@4is per cent. Six months, 5lad6 per cent
Prime mercantile paper. per cent.
Sterling exchange steady with actual bust
ness in bankers bills at $4S225 for go
day bills and at s4.s6.60 for demand. Com
mercial bills, stS2ai Bar silver 59isc
Mexican dollars. tSc. Government bonds
firm. Railroad bonds firm.