davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1913-12-13
RALLY IN WHEAT
AFTER WEAKNESS
Firm Feeling at Close With
Prices 1-Sc off to 1-Sc up.
Corn Unchanged

Chicago, December 12.-Assertions that
the government had overestimated by
nearly 100000 bushels, the crop in Ore
gon, Idaho and washington made the
wheat market rally today after period
ot weakness.
There was a firm feeling at the close
with prices isc off to &c up as compared
with last quotations of yesterday. Corn
finished unchanged to 1ac lower; oats 1-16c
down TO like advance, and provisions at
a decline of 26c to Toe. =
Leading trade authorities of the Pacific
northwest were referred to as vouching for
statements that the wheat crop there had
been seriously miscalculated. It was said
that in consequence holders on the coast
had sold with undue freedom at a time
OF storm and stress when every one should
help In reasonable way. Other supplies
we're found at a Accent advancement
Buyers here were also disturbed by re-
ports from St. Louis that most of the
winter crop belt was unprotected by snow
blankets and that the plant was particu-
larly susceptible to frost. Selling due to
rain in important sections in India and
bearish figures regarding the Argentine
exportable surplus pulled prices down dur
ing the first half of the session.
Lack OF export business from the
United States counted also against the
hull operators. Much larger sales by the
country proved a handicap on corn from
the start. Predictions We're that tomor-
rows receipts here would be nearly double
today's total.
Oats held steadier than usual. There
was good support under the trade at any
approach to material decline, but plenti-
full selling whenever a trifling upturn took
place.
Provisions ranged lower, influenced by
hog receipts in excess of what had been
looked for today. Liberal unloading was
done by longs who had been specializing
In grain.
Future quotations were as follows:
The Birmingham age-herald., 1913-12-13
NEWS FROM STEEL
MORE CHEERFUL
Low Prices of Copper Metal
Stimulate Buying-Call
Money Easier

New York. December s12-A steady
downward movement of stocks today
brought about general and substantial
losses. Trading was quiet, and there
was nothing to correspond with the vio-
lent slump of New Haven yesterday, but
the decline in general was considerably
larger. The market showed no recupera-
tive power, closing at the days low level
In some of its aspects today's market
was more disturbing to the bulls than
the preceding session, Unsettlement yes
terday was to be expected in view of the
cutting off of the New Haven dividend,
but there was no similar source of weak
ness today, although losses We're greater.
The days news on the whole was favor
able. Traders on the long side at first
predicted a rally following yesterday S
sharp decline. But the market showed no
inclination to rally. Stocks were put out
in slow, methodical way Various high
grade investment stocks were conspic-
uous in the movement.
New Haven reached another new low
record at 659s American Telephone, New
York Central and Pennsylvania were
again l5avy, the latter going to 1o6h, the
bottom price for the movement. Several
ether stocks made low records.
News from the copper and steel trades
was more cheerful. Low prices of copper
metal were said to have stimulated buy
ing, and better inquiry for some steel
products was reported although the
movement was too small to be accepted as
ind Of
trade.
Call money worked easier, and again So
000,000 cash for the banks on the week was
predicted High rates here have attracted
funds from the interior.
Prices on bonds eased off, with par
tcular weakness in American Telephone
and Rock Island issues Total shares
par value. 100000. United States bonds
We're unchanged on call.
The Birmingham age-herald., 1913-12-13
ESTIMATE FIGURES
SENDS COTTON Up
Following Receipt of News
the Market Advances
25 Points

New York, December 12.-The govern
ment's annual estimate of the cotton crop,
placing the yield of this season at 1s,677,-
900 bales of 900 pounds gross weight, ex-
Guiding linters. was followed by an ad.
vance of about 25 points in the cotton
market this afternoon, with the close firm
at net gain of from II to Is points.
Trading was comparatively quiet before
the report was issued. Gables were about
as due and the opening here was steady
at unchanged prices to an advance of 1
point but prices soon eased off under
scattering liquidation.
Unfavorable trade advices from Lon
don and rumors that banking interests
farmers to hold cotton for higher prices
probably inspired some local selling on
the decline, which carried it about to 10
points net lower during the early after
noon. December led the downward move
ment owing to the circulation of a few
notices, and a little selling by spot houses,
but steadied up few points from the
lowest just before the publication of the
official figures, which were followed by
an active covering movement.
There was also some support from
southern bull sources and while fiuctua-
tions were somewhat irregular, the mar
ket ruled generally firm during the last
hour, with active months selling 1S to 10
points net higher and closing within a
point or two of the best.
A canvass made of New York cotton
exchange members earlier in the week
had indicated an average expectation that
todays estimate would be but little above
13 900, coo bales, but local traders explained
the advance on the ground that something
of short interest had accumulated in
response to an unfavorable view of trade
conditions, and that the actual estimate
had not only disappointed some of the
larger crop men but had bullish views
of supplies.
More bulish weekend figures than
looked for may have helped the after
noon advance, as spinners' takings proved
considerably in excess OF early predc-
tions and pointed to an increase of only
about $1,000 bales in the visible supply
of American cotton for the week, against
an increase of 147,000 bales last week
and $4,000 last year.
New York Cation Eufures
The Birmingham age-herald., 1913-12-13
LAST CHANCE TODAY
TO GET CYCLOPEDIA

Today marks the end of The Age
Heralds great distribution of Every
body's Cyclopedia. a five-volume set
OF reference books, regularly selling
at s12. for $1.9S and one coupon.
To say that it was a success is put
ting 1t mildly. Thousands of readers
who had need of a set of this kind
had heretofore been unable to get such
a set on account of the high prices
of the large and cumbersome sets so
extensively advertised But here Is a
complete set of modern reference books
at less than the average price of ono
volume. Little wonder then that so
many OF our readers have taken ad-
vantage OF the opportunity.
Tonight, however, closes the sale.
There are just about enough sets left
to take care of today's distribution
and readers should present their cou-
pons early or they may be disappoint-
ed. Not another set can be had after
these are gone.
| elsewhere in this Issue and present 1t
today. together with s1.9S. for the CON-
plete five-volume set.
| 1t is indeed the greatest book bar
gain on record and no man. woman
| or child who reads The Age Herald
should miss it. But midnight tonight
| ends it, and the offer will never be
repeated
Those who cannot conveniently call
at The Age-Herald office and also out
of-town readers may order by mail, and
the sets will be sent by express
charges to be paid by the receiver, as
the sets are too bulky to be sent BY
mail.
Clip the cyclopedia coupon at oncc
and present 1t at the earliest possible
moment. There will not be anoth er
chance.
The Birmingham age-herald., 1913-12-13
London Stock Market

London. December IA reduction in
the German bank rate had little effect
on the stock trading today. 1t is rec
ognized here the rate of the Bank of
England will not be changed until
after the turn of the year. Canadian
Pacific was weak on continued liqui-
dation and Mexioah rails were easy.
Business in home rails and gilt edged
securities was moderate and these
were supported American securities
opened firm. Leaders received fair sup
port during the forenoon and advanced
q fraction over parity. Later the trade
slumped again under New York offer
ings; closed weak.
Consols for money, II q 5; consols for
the account. ~; bar silver steady
20 13-16d; money, "A m4h per cent;
discount short time bills, 4 Is p5 per
cent; three months. 4 13-16.
The Birmingham age-herald., 1913-12-13
Live Stock Market

Chicago December 12.-Hogs: Receipts.
$4,000, market unsettled. Bulk, 81. .656I7. 80;
light, 81. 40M7.7 mixed, 81 5Od7 S75a; heavy,
$7.5oa7.s714; rough, 7.5017. 60; pigs, s66l7. so.
Cattle: Receipts, 2o00; market slow.
Beeves Sc 60lD9 60; Texas steers, Sc G50
10, stockers, 81 soar so: cows and heif-
ers. So 40aS.30; calves, s7Q115O.
Sheep: Receipts, 5000: market strong,
Natives. S4. f0@7 so; yearlngs, S550a7;
lambs, native. s6.50aS. 20.
Kansas City, December 12-Hogs: Re.
ceipts, $500; market steady Bulk, 81. 350
10; heavy, s7.65l7.75; packers and butch
ers, $7.5o@7.70; light, s7.s5a7 .65; pigs, $6.5t
@7.25.
Cattle: Receipts 1900. including 100 SOUTH
ems; market steady. Prime fed steers
ss.5oa1o; dressed beef steers. 7dS 25;
southern steers, $5.50q7; cows, "a. 1907
heffers, Sc 506I9; stockers, S. 500I7 80
Sheep. Receipts, $780, some lines steady,
Lambs, T.25aS.50 yearlings, So 500I6 70
wethers. "a. 50@5. 25; ewes. 81. .25a4. 70.
st. Louis, December 12.-Hogs: Receipts
1000; market lower. Pigs and lights. s6.s5
@7.s5; mixed and butchers, $7.55a7.S So
good heavy, S.75@7. SO.
Cattle: Receipts 1900, including 900 Tex
ans market steady. Native beef steers,
81. 5oa9.15; COWS and heifers, A5G6. .15;
stockers. S5a7 so; Texas and Indian steers,
80, l5d7; cows and heifers. s4a5; native
calves. $6a11.
Sheep; Receipts, 23oo; market steady.
Native muttons, So. 75di4.S0 lambs IS. y
Qs.15.
Louisville, KY. December 12.-Cattle:
Receipts, $50; range in price, 81. 50dS; mar
ket steady to firm
Hogs: Receipts. 21,ooO; market active,
10c up; range in price, "a. 5OQI7. .95.
Sheep: Receipts, SO; market steady:
lambs, &c off; sheep, 31kc off.
The Birmingham age-herald., 1913-12-13
Worlds Visible SunnlY

New Orleans, December 12.-Secr
Hester's statement of the worlds vi
supply of cotton, made up from spetAs'
cable and telegraphic adylces compares
the figures of this week with last week,
last year and the year before. 1t shows
an increase for the week just closed of
151 463, against am increase of 1872, ,564 last
year and an increase OF 219,693 year be-
fore last
The total visible is 5,666,05S, against s.
5l4595 last week. 5,93l. 49s last year. and
| 5,095, 4S6 year before last. OF this the
total of American cotton is 4,267 ,05S.
against A222.5 595 last week, 1888, i9S last
| year and 4. 1926 436 year before last. and
! of all other kinds including Egypt. Brazil
| India, etc. $4,000, against 1.292, 600 last
week. $4,000 last year and $4,000 l>ar.
before last -
The total worlds visible suppl of cot
ton as above shows an increase conn
pared with last week of ISL, 1863 decrease
compared with last year of 265,440, and an
increase compared with year before last
of 570,622.
OF the worlds visible supply of cotton
as above there is now af1oat and held
in Great Britain and continental Europe
2,931, 900, against 3,291.000 last year and
2,266 600 year before last; In Egypt $4,000.
against $4,000 last year and 2O6,0oo year
before last; in India $4,000. against $4,000
last year and 231 900 year before last: and
in the United States 1885, 600, against 1885,
600 last year and 2,392,000 year before last.
The Birmingham age-herald., 1913-12-13
LIVELY SESS|ON|N
THE COTTON MARKET
Prices Bulge Sharply So a
Bale Following 13,677,-
000-BaIe Estimate

New orleans, December 12-Todays
was the liveliest session in months in the
cotton market. Prices bulged sharply 81
bale on the governments crop estimate
of 1S,67,0o0 bales, These figures were un-
der even the expectations of the bulls and
buying for both accounts was heavy.
Large crop people and their followers
were prominent buyers to cover short
lines, while bulls bought on the expecta-
tion OF a further rise when the trade d.
gests the full meaning of the short crop
claimed by the government experts. Local
statistieians figure that the estimate
points to a total commercial crop of not
more than B,so0O0O bales.
In the morning session the market was
quiet. The opening was steady at a rise
of l to 2 points. Around the call prices
were to up, but the advance went
no further because of liquidation from
the long side. The trading of the morn-
ing prices went to s points under yes
terday's close. During the noon hour
there was little business done, but just
before the report was issued the market
was depressed by the rurlor that it would
be 14,D0,00o bales. on this easy spot the
trading months were 16 TO 20 points under
yesterdays last quotations
Immediately followed the posting of the
estimate the market became active and
excited and prices bulged in sensational
manner. March quickly mounted 3S points
and hung around that level in spite of
large profit taking by longs. Selling from
this source finally caused a reaction OF
half a dozen points, but before the close
Ithe market went higher than ever, March
selling AZ points over the level prevails
ing just before the estimate was posted.
At this level the market was 20 to %
points over yesterdays last quotations.
The close was very steady at a net rise
of 10 TO 20 points.
The Birmingham age-herald., 1913-12-13
In Proportion

From the Cleveland Plain Dealer.
A Collinwood school teacher writes us
that she offered to give 81 to the member
of her class who succeeded In getting 100
the perfect mark-for conduct the first
week of the new year. At the end of the
week the worst boy in the class presented
himself to her.
What do you want Billy?" she asked
kindly.
de money yous promised me for good
conduct marks
'But I promised 81 to the one who
would get 100 Your mark is only-let see
why, your mark for conduct is only 25!''
''Yessum. Gimme de quarter
The Birmingham age-herald., 1913-12-13
Weekly Cotton Statement

New Orleans, December 12-Secretary
Hester's weekly New Orleans Cotton ex-
change statement, issued before the close
of business today. shows decrease In the
movement into sight compared with the
seven days ending this date last year in
round figures 1900. a decrease under the
same days year before last of 1260oO and
a decrease under the same time in 1910
of 26,00C.
For the 12 days of December the totals
show a decrease under last year of 5000,
"A decrease under the same period year be-
fore last of 10000 and an increase over the
same time in 1910 of 5000. ., ~xfsya
For the 10S days of the season that have
elapsed the aggregate Is ahead the l0S
days of last year 6s.0co aheadsof the same
days year before last $4,000, and ahead
of 1910 by 1895, 900. ss 4est ~ ss-tsf
The amount brought into sight during
the past week has been 5o4,Ol1 bales.
against SIS, 1896 for the seven days ending
this date last. year, 629,S36 year before
last and $50, 100 same time In 1910; and
for the IL days of December 1t has been
s99, ,422, against 1.028.sl1 last year. 1,075,0B
year before last and 934,595 same time In
1910.
The Birmingham age-herald., 1913-12-13
Hubbard Bros. & Co.'S Letter

New York. December 12.-(Special.)
With cables better than expected and re-
ports of a good spot demand abroad, our
market opened at a slight Improvement,
but lapsed into dullness with a declining
tendency till the bureau figures at
o'clock.
the local idea (of 1858. .0O0), these are ex-
elusive of llnters 100000. which makes
the probable crop about or somewhat
less than that of last year and again
closely approximates the current views
of production.
If the consumption equals the general
belief and the bales run lighter than last
year as reported. 1t would seem THAI at
last the turn of the tide had been reached
and higher prices are imminent.
Locally the trade are well evened up
the extensive short interest being an out
side one
The Birmingham age-herald., 1913-12-13
New Orleans Rice Market

New Orleans, December 12.-The tone
for rough Honduras and Japan continues
steady at the decline, clean Honduras re-
naming QUIET but firm and Japan un-
steady. Quote: Rough Honduras, $ld
375c; Japan, 1.50@3c; clean Honduras, 40
&c; Japan, 2a4@39sc. Receipts Rough,
S769; clean, 1876; millers, 6S5o. Sales, 1862
sacks rough Honduras, at 20l@3.75c; 1146
sacks Japan at 2925ec; 1436 pockets clean
Honduras at 1ss@5ssc; 1850 pockets Japan
at 9-16G22c.
The Birmingham age-herald., 1913-12-13
Taking of American Cotton

New Orleans, December 12.-Secretary
Hester gives the taking OF American cot
ton by spinners throughout the world as
follows, In round numbers:
This week 10000 this year, against
451 600 last year, 425, 900 year before last.
Total since September !. this year. $685.
900, against 1900 last year. and 4,5S9001
the year before.
OF this northern spinners and Canada
took ,153,0O0 bales this year. against liza
900 last year and 1,041,000 the year before:
southern spinners, 1.3l2.0O0. against 1,025,-
900 last year, and S62,0 coo the year before;
and foreign spinners 2,770.00o against o.
648000 last year and 2,6S6.000 the year be-
fore.
The movement since September 1 shows
receipts at all United States ports 5.96S,543
against 6,244,964 last year, 6lSO,i30 year be-
fore last and 5.O96754 same time In 1910
Overland across the Mississippi, Ohio and
Potomac rivers to northern mills and Can
ada 447,913, against 47l.S3i last year. 412,l10
year before last and 43S,6l4 same time In
1910; interior stocks In excess OF those
held at the close of the commercial year
7445S3, against 664.933 last year, S20, 800 year
before last and 7l5266 same time in 1900;
southern mills talSings, 1.2S6,000. against
002. 600 last year, S52, ,22o year before last
and ,519 same time In 1910
These make the total movement for the
100 days of the season from September
to date S447 ,039, against $3.50. 731 last
year, S,A4,S64 year before last and 7049,153
same time in 1910.
Foreign exports for the week have been
3l5, i26, against 4lO,6SS last year, making
the total thus far for the season 4.475, SIG.
against 4,575,066 last year, decrease of
999, $50
Northern mills takings and Canada dur
ing the past seven days show decrease
of 1850 as compared with the correspond
ing period last year. and their total taxi
ings since September l have increased
q, S5s. The total takings of American
mills. north. south and Canada, thus far
for the season have been 2.464.515 against
2.149 03s last year These include 1,152.555
by northern spinners. against 1,123,697.
Stocks at the seaboard and the 20 lead
ing southern interior centers have de-
creased during the week 16,s0S bales.
against decrease during the corresponds
ing period last season of 1888 and are
now 191,3i5, smaller than at this date in
1912
Including stocks left over at ports and
interior towns from the last crop and
the number of bales brought Into sight
thus far fro mthe new crop, the supply
to date is Sta. 456, against s,74s,i Al for the
same period last year.
The Birmingham age-herald., 1913-12-13
Liyerpool Cotton Market

Liverpool, December R.-Cotton, spot
good business done, prices steady. Mid
ding fair, 7.s2d; good middling, 74sd; mid
elling, 726d low middling, 7.04d; good ordi-
nary, 6.3sd; ordinary 6.04d.
Sales 1900. including 11,600 American
and 5000 for speculation and export. Re-
ceipts $1,000 including 1900 American.
Futures quiet and steady; December,
6.95d; December-January. 6.92d; January
February 6s11ad; February March, 6.92d;
March-April, $780, April-May, 6.921ad;
May-June, 6.92d; June-July, 6S9d; July
August 6.S61ad; August-September 6.731ad;
September October, 652d: October-Novem-
ber, 642d: ACKNOWLEDGEMENTS, 637d; De-
cember-January, 6.36d; January-February,
6.36d.
The Birmingham age-herald., 1913-12-13
Weekly Interior Cotton Towns

Albany: Receipts, 1211; shipments,
$50; stock, 1920.
Athens: Receipts. 5156; shipments,
1900: stock. 2s.s73.
Atlanta: Receipts. $3.50; shipments,
673S; stock, 20.5S5.
,.g. Brenhsm' s,,n Re Rseeipts' SIS shipments
Charlotte: Receipts. III; shipments,
I'll.
Columbia: Receipts. 354t; shipments,
1712; stock, 16,575.
Columbus. Ca: Receipts, 1925; ship
ments. 240O; stock, 16,41S.
Columbus, Miss: Receipts, 1412; ship.
ments, 1896; stock, 1891.
Dallas: Receipts, 1895; shipments,
3712; stock, 11.l9f
Eufaula: Receipts, 1865; shipments
761; stock, 1926.
Greenville: Receipts. 4S07 shipments,
1854; stock, 23,555.
Greenwood. S c.: Receipts, 766; ship
ments. 423; sales, 32S; stock, 624.
Helena: Receipts, 1860; shipments,
3146; stock, 20,277.
Little Rock: Quiet: middllng. 12% c;
receipts, 1884; shipments, 6s22; stock.
52924.
Macon: Receipts. 2454; shipments,
2043; stock, 1858.
Meridian: Receipts, 1873; shipments,
S26; stock, 9762. ...
Montgomery: Receipts, 6692; ship
ments, 1929 stock, S6,534.
Nashville: Quiet: middling, 13hc; re-
ceipts, 239; shipments, 262; stock, 929.
Natchez: Receipts 1885, shipments,
ITS; stock 15.30S.
Newberry: Receipts, 1912; shipments,
1912.
Raleigh: Middling. 12hc; receipts,
7s5; shipments, 500; stock, S57
Rome: Receipts. 2S14; shipments,
1916; stock. 1897.
Selma: Receipts, 4S1S; shipments,
1886; stock. 20,90S.
Shreveport Receipts, S967; ship
ments, 5940; stock. 36, AL.
Vicksburg: Receipts, 2s62 shipments,
1885; stock, 10,707.
Yazoo City: Receipts, 1856; shipments,
I'LL; stock 5,473.
The Birmingham age-herald., 1913-12-13
Wool Market

Boston, December IA fair trade in
some lines has marked the week in do
mestic territory and pulled woods. Ger
tam wools which have been more or less
Irregular in price appear to have found
more stable standard.
Quotations.: Missouri hree-eighths,
quarter blood, 22@221kc; Kentucky and
similar half, % blood unwashed, 23a23hc
Scou&d basis: Texas fine u months 500
SIC. Fine six to eight months 45a46c Fine
fall, 41M32c
The Birmingham age-herald., 1913-12-13
New Orleans Cotton Futures

New Orleans. December 12.-Spot cotton
quiet unchanged. Middling, 13lsc Sales.
spot go. To arrive, 1l0o. Low ordinary,
99sc nominal. Ordinary, 10 3-16c nominal.
Good ordinary, II 13-16c Strict good ordl-
nary. 10 1-16c. Low middling, 12Ac. Strict
low middling. 127sc. Middling, 1890.
Strict middling. 1880. Good mddling, 1890.
Strict good middling, 1s 13-16c Middling
fair, 1414c nominal. Middling fair to fai
14ssc nominal. Fair, 15c nominal Receir
I7G0 Stock 240552
The Birmingham age-herald., 1913-12-13
hubbard Bros. Il Co.

Cotton Merchants, Hanover Square N.
\. Members New York Cotton rEx.
change. New Orleans Cotton Excnange,
New York Produce Exchange. Asso.
Ciate Members Liverpool Cotton Asso.
chase and sale CT Cotton. and Cotton
Seed Oil for future delivery. Special
attention and liberal terms given for
eonsignments OF spot cotton for Do.
livery. Correspondence invited
The Birmingham age-herald., 1913-12-13
New York Money

New York. December 12.-Call money
more easier, 21s OAK per cent; ruling
rate, ia per cent; closing, 8 q a a per
cent; time loans steady; so days. 8 r.
per cent; 80 days.. 5A per centsr-six
months. 8 per cent; mercantile paper,
5ia 6b6 per cent; sterling exchange
firmer; co days. s4S1; demard,
s4.S5.3O; commercial bills, $4So1a; bar
silver. 5Sc; Mexican dollars, AN c; gov
ernmert bonds steady; railroad bonds
The Birmingham age-herald., 1913-12-13
Metal Market

New York. December 12.-Lead quiet,
s395dl4.05. London e17 IFS I'd. Spelter
quiet $5.056f515 London 821 IS.
Copper steady. Standard spot and flu
lures not quoted. Electrolytic, $1437@
H.50. Lake, s1b@15.50 nominal Casting.
$l4M1A12. Tin easy; spot to December,
$3T iO@S7. 65; January. $s7. 40@37.62; Feb
ruary, s37. 37.45@377o March. 3750@37 20.
The Birmingham age-herald., 1913-12-13
Bonds
Treasury Statement

Washington, December 12.-The con-
dition of the United States treasury
at the beginning of business today
was: Net balance in general fund,
s119,67S,699 total receipts yesterday,
S2,421 800; total payments yesterday.
s2,036,791; the deficit this fiscal year
is sS.231 900 against "A deficit of $d,-
223,531 last year, exclusive of Panama
canal and public debt transactions.
The Birmingham age-herald., 1913-12-13
Kansas City Grain

Kansas City, December 12.-Wheat:
Cash No. hard, S41s@S9c No. red,
9O1Sa92c. Corn: No. mixed CSC; No. 2
white, 70GT01Ac. Oats: No. white. 411s0
4%c; No. 2 mixed, 40c. Close: Wheat:
December, S71e9S7ssc; May, s41sc. Corn:
December, 671sd67l4c; May, 7112c.