davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1913-07-08
COTTON MARKET
MORE AGGRESSIVE
Close Barely Steady and at a
Net Advance of 7 to II
Points

New York, July THE cotton market
eased off under scattered selling which
became rather more aggressive in the
late trading owing to favorable crop news
and the unsettling effect in Wall street
circles of a bad failure reported in Pitts
burg. The close was barely steady at a
net decline of from to II points.
The market opened steady at an ad-
vance of IL points on August and un-
changed to points higher on other
months, but almost Immediately weak
ened after the execution of few over
holiday buying orders. Cables were con-
advices were considered favorable and
most of the private crop news circulat-
ing suggested a continued Improvement in
the condition of the plant. After showing
a net loss of to points the market raj
lied slightly on covering but offerings pe-
came a little heavier after midday and
the market closed at practically the low
est. Wall street and southern houses were
the chief sellers on the afternoon decline,
which carried December contracts off to
11.2Sc or the lowest level reached since
that position sold at 11.75c during the
middle of last month. The week end fig-
ures, showing the movement of the crop
up to last Friday, We're considered slight
ly bullish, but attracted comparatively
little attention while ideas,as to the trade
outlook were doubtless unsettled to some
extent by continued hostilities in the Bal
kans, less favorable continental mill adj
vices and apprehensions of anti-future
legislation in Washington. Houses with
both Liverpool and continental connec-
tions were sellers of near months here
during the morning but moderate buyers
of new crop positions.
The Birmingham age-herald., 1913-07-08

25c higher; beeves, $1.1odS.so; Texas steers,
s6.90qS.l .l5 stockers, $5.75dS; cows and heif-
ers. s3.S5@S.50; calves, s7a9.75.
Sheep: Receipts 5000; conditions ac-
tive; higher native muttons, s4.15d5. 40;
yearings. So 40d7; lambs. s6.20qS
Kansas City. July 7.--Hogs: Receipts,
100: higher: bulk. SS.s5ms. 90 heavy, $500
s.e21a; pigs. s7.50s50.
southerns: higher; prime fed steers, $4a
S.45; dressed beef steers. $7.2oMS.35 south
ern steers. $550n7.50 cows, 1851; heif-
ers. s6.2JQs .65; stoclSers. $5.75a7.75; bulls,
S5.75@ 7.25; calves. s6q9.
Sheep: Receipts. 1900; higher; lambs,
So. .75dI7. %; yearlings. s475d6; wethers. s4.25
as: ewes s3.50q4.50.
st. Louis, July 7.-Cattle: Receipts,
2000, including 1000 Texans; steady, choice
to firm steers. sSdS.25; good to choice
steers, $7.25@S.25 dressed and butcher
steers. s5.50d7.50 stockers, so25@7 500
Texas steers, s5.75Q7.75; Texas cows and
hefers. $4.25@6.50.
Hogs; Receipts, 5000; higher; pigs and
lights. &. 25Qi9. I6; mixed and butchers,
$9a9.15; good heavy. s9d9.10.
Sheep: Receipts, 1900; steady; muttons,
S3.25d425; yearlings, S5df6. %; lambs, s7.25ag
7.5O; spring lambs. s7q7.5o
Louisville. Ky, July 7.-Cattle Re-
ceipts. 2200; weak; 10@25c down. range,
s2.50a7.75.
Hogs: Receipts, 5000; 1Oe up; range, $50
900
Sheep: Receipts, 6sOO; lambs Sc. 20 down:
sheep, 81 down.
The Birmingham age-herald., 1913-07-08
Worlds Visible Supply

New Orle ans, July 7.-Secretary Hester's
statement Of the wcrld's visible supply of
cotton. made up from special cable and
teegraphic advicea, compares the figures
of this week with last week, last year and
the year before. 1t shows a decrease for
the week just closed of 24S.5s5. against a
decrease of 2ss, 3ss last year and decrease
of 165.935 year before last
The total visible is 1928, ,426 against g. 49,
Oil last week, 3.1S7,s29 last year, and 2232,-
399 year before last. OF this the total Of
American cotton Is 1865, 426, against 2060, OIL
last week, 2.194.329 last year and 1,2o9. 800
year before last, and of all other kinds, M
Guiding Egypt. Brazil. Indian. etc, 1854. :
900, against !. .41s,00) last week. $4,000 last
year, and 1.023,000 year before last
Th total worlds visible supply of cot
ton as above shows decrease compared
with last week of 24s5s5. an increase COM
pared with last week of 24S.5s5. an increase
compared with last year Of 42,097, ard an
increase compared with year before last Of
Ss7,027.
OF the worlds visible supply of cotton
as above there is new afloat and held in
Great Britain AMI continental Europe
1,S22000. against 2,oo7.c00 last year AMI
300 900 year before last; in Egypt, 115.00O,
against 2.037. 600 last year and 1.co0, 900 year
before last; in Egypt, 115O00, against S20.-
900 last year and S-.QC0 year before last II,
India. S722. .eeo, against se5 coo last year ;tid
$4,000 year before last. and In the United
States 10000 agains; 46S.o00 last year ami
303, 900 yeoar before last.
The Birmingham age-herald., 1913-07-08
WHEAT NERVOUSAT
"a TO | 1-8C DOWN
Market Says Under Weight
of Heavy New Crop
Marketing

Chicago. July 7.--Wheat sagged to-
day under weight of heavy new crop
marketing. Closed nervous at a de-
cline of z q1lsc net. Corn closed at
a loss of Is to 1is1ise and oats were
set back IS a sc TO 1A@1ssc; provi-
sions finished dearer by 5@1212c
Purchasing of new wheat to arrive
here surpassed in amount any previous
day. despite reduced quotations. Bulls
were forced to contend with consider
able hedging sales here from the south
west. Fine rains in the spring crop re-
gion improved the outlook for more
liberal yield
Encouragement for bulls came only
at the outset and the windup. Early
cables mentioned fears about Balkan
developments and referred to an un-
favorable crop outlook in France. This
influence quickly wore Off but the
market showed recuperative powers in
the last 10 minutes on gossip that ex-
port sales of 100000 bushels had been
made here.
Seaboard clearanees of wheat and
flour equalled $4,000 bushels. Primary
receipts of wheat (three days) were
i.075,000 bushels; a year ago. 3S6, 900.
Glowing reports OF field conditions de-
prived corn of support and shipping
call was too restricted for comfort
s oats weakened with other grain and
because crop advices We're more uni
formly favorable than lately
Higher hog prices helped provisions.
The advance was checked but not over
come by long profit taking.
The Birmingham age-herald., 1913-07-08
COTTON DULL WITH
UNDERTONE EASY
Prices Fall Off Under Good
Crop Returns and Fight
ing in the Balkans

New Orleans. July Cotton was
duh today and the undertone was
easy. Prices gradually fell off under
good crop and weather returns and the
fighting in the Balkans. The latter fea-
ture was considered to be a serious
influence against a return of better
conditions In the money market At
no time did the market get any open
support from the long side but on the
other hand bears were not aggressive
and did not press their advantage.
On the opening the tone was steady
and prices We're one point up on the
near months and to points off on
the distant. The old crops were in
clined to work upward on limited Of
ferings and scored a net advance Of
points in the early trading. Later
they followed the decline on the new
crops At noon the market was 10 points
down and in the afternoon the decline
was widened to IL to is points. The
close was steady at net loss of 10
to Is points
The weather map and the detailed
weather reports indicated that little
rain fell in the belt over Sunday, while
temperatures were high. The forecast
promised more fair weather. These
were called good growing conditions.
Reports from the belt were to the ef-
feet that the plant was making rapid
growth and was fruiting heavily.
The Birmingham age-herald., 1913-07-08
Port Cotton NIoyement

Galveston: Quiet middling, 124c; net
receipts, 11S1; gross receipts, 1131; sales,
1oeS; stock. 1925; coastwise. 2254.
New Orleans: AIiddling, 12ssc; net re-
ceipts, 112s; gross receipts, 116S; sales, 541 /;
stock, Al .062; Great Britain, %.
Mobile: Quiet middling, 12c; net re-
ceipts, 81; gross receipts, 81; stock, 1857.
Savannah: Steady; middling, 12c; net
receipts, 5l5; gross receipts, 565: sales, So;
stock. 23.906; coastwise, 1879.
Charleston: Nominal net receipts, 2S;
gross receipts. 2S; stock 600; coastwise,
1241.
Wilmington: Nominal; net receipts, IL;
gross receipts, II; stock, 10.05S.
Norfolk: Steady: middlng. 12ssc; net re-
ceipts 307; gross receipts, 307; sales, 260
stock *, $50; coastwise, 631.
Baltimore: Nominal; middling, 121sc;
stock, 5792; coastwise, 1900.
New York. Quiet; middling, 12.25c; net
receipts, 73; gross receipts, 1854; sales, 1900;
stock, $3.50; Great Britain, 675 France,
1895; continent, pol; coastwise, no.
Boston: Quiet middling, 1225c; stock,
7251.
Philadelphia Steady; middling, 12.50c;
gross receipts.100; stock, 1925.
Brunswick: Stock, $500.
Texas City: Stock 2071.
Jacksonville: Stock, sol.
Total today, at all ports: Net 3291:
Great Britain, 698; France, 1896; continent.
pol; stock, 227,1 1856
Consolidated at all ports: Net 1916:
Great Britain, 74S; France, 1895; continent,
S2o0.
Total since September 1, at all ports
Net, 9.7H ,091; Great Britain, 3445,5l4:
France. $9,5S00S8: continent, 3,426,059; Ja-
pan, 1884, 705; Mexico, 14,75o
The Birmingham age-herald., 1913-07-08
NEWS NEARLY ALL
OF A BEAR|SH TURN
Resumption of Trading
After Holiday Brings No
New Interest

New York, July 7.--News of interest to
Wall street today was nearly all of a
bearish turn. AS there was no outside
demand to sustain the market quotations
were lowered generally
Resupmtion of trading after the holiday
brought no awakening of interest, and
although the days developments might
have had little infunece on broad and
active market, yet they formed an avail
able basis for operations of the profess
sional element whose activities accounted
for the great part of such business as
was done
Most attention was paid to the closing
OF a Pittsburg bank, and the receivership
of a related concern. 1t was generally un-
derstood that the causes which led up to
the suspension of the bank were purely
local, and that no unfavorable differences
could be drawn regarding the banking
position in general.
In fact, the manner in which banks
have built up their reserves, in view of
the difficulties of the present situation,
was shown in the reports just made to
the comptroller Of the currency.
Resumption of gold exports was sur
prise, as it had not been generally ex-
pected that further shipments would be
made for the present.
The new war in the Balkans points at
least to an indefiniate continuance of
political conditions in the foreign money
markets, however.
In this same connection the bears found
another argument in the poor showing
made by the New York banks in their
weeks statement
A large contraction in cash holdings had
been expected because of heavy July pay
ments and probably as soon as funds tied
UP I'm this way flow back to usual cham
nels last weeks condition will be recti-
fled.
The gold engagement and the COM
plexion of the bank statement were re-
flected in the firmer tone of the time
money market.
Call funds also rose IIeaviness of
stocks persisted throughout the session.
Declines were mostly fractional. but a
number of representative stocks lost a
point or more.
Z Bonds were under slight pressure. To-
tai sales. par value. $l,543,000. United
States bonds on call were unchanged.
The Birmingham age-herald., 1913-07-08
Fruits and Produce

Apples. new, s1.5O@2; Florida Va
lencia oranges, SIS; California oranges. S.
box; lines. a.25 per 100: Irish potatoes. soc,
to 81 bushel; sweet potatoes, Dooley, 81 so
d1.75 hamper; onions. red globe. &c per
pound; lettuce. 81 .50q2. so per crate: Gu
cumbers per crate, S1.75: tomatoes. Flor
ida, $225g275; cabbage, Mobile, 81. .75n2
crate; new Texas onions, crate. 81 go.
beans. per hamper, $1.25GD1 so; peaches. s2l1
$50 crate; squash, per hamper, s1a1 o..
cantaloupes, s2.50q3 watermelons. 15ap
25c; peppers, per crate, S1.5OQ2; lemons.
box of &c., s. .5oa9 Okra, $2Q2.50 ham,
$50. Georgia cantaloupe 81 So
The Birmingham age-herald., 1913-07-08
Bonds
Treasury Statement

Washington, July THE condition OF
the United States treasury at the Begin
ming of business today was
Free balance in treasury and in banks.
sll5,5e0,330. Balance i'm Philippine treas
ury and unavailable. s25. t46,0ss Net ball
ance in general fund. sl40, ,G43, ,Se9 Re-
cepts Saturday were s2,660,954 Pay war;
rants drawn $2.0ss,7s9. The deficit this
fiscal year is s4.215544 as against a deficit
or S,4o3,6A last year The figures for
receipts. disbursements, and deficit ex-
clude Panama canal and public debt
TRANSACTIONS.
The Birmingham age-herald., 1913-07-08
London Stock Market

London, July 1.-THE stock market re-
sponded to the settlement of the Rand
strike with a general rise in gold mine
shares and consols.
The Balkan situation disturbed conti-
mental bourses Berlin and Paris offered
Rio tintos, Debeers and Kaffirs and most
of the earlier advices were wiped out
The closing was irregular with Balkan
shares weak. American securities were
quiet and without feature during the en-
tire session. Closed quiet but steady.
Closing consols for money, 72 7-16. Con-
soils for checks. 70ss. Illinois Central
115; Louisville and Nashville, 1341a; South
ern railway, 215s. Bar silver steady
25 15-16d per ounce. Money 21s@3. Dis
count rates short bills, 37s6f4 Three
months, AZ.
The Birmingham age-herald., 1913-07-08
Hubbard Bros. & Co.'s Letter

New York, July Especial To-day S
market was quiet one, somewhat easier
on what is considered favorable weather
by the local trade and on reports of
a threat tened strike in Russia, involving
a great many men.
This was thought will affect Liverpool
unfavorable tomorrow. The trade is
waiting some new development such as
a change in the weather or more definite
settlement of the Balkan situation.
There is a little news In the general
condition OF affairs.
The Birmingham age-herald., 1913-07-08
Statement Shows Increase

London, July fumes statement of
the Board of Trade shows today of in
creases of $3s,274.50o in imports and sss,-
321. 900 in exports.
The imports of foodstuffs and raw ma
terial each increased s15.00O.000 while the
principal gain in exports was in manu-
factured goods, including $500. 900 in cot
ton textiles.
The Birmingham age-herald., 1913-07-08
Visible Supply of Grain

New York, July THE visible supply
of grain in the-United States to July 5
as compiled by the New York produce
exchange was:
Wheat 29.470,000 bushel, decreased 693,-
0o0
Wheat in bond 2,sS7,Ooo, decreased $780,
co.,
Corn 11,655,OOo increased 17s00O.
Oats 15,754,00o increased 1,05s,000.
Oats in bond 736,000 decreased $4,000.
Rye $4,000. decreased $4,000.
Barley in bond 176,O00 increased SO,00O
The Birmingham age-herald., 1913-07-08
Weekly Interior Cotton Towns


Albany: shipments, ?; stock, 7oI
Athens: Receipts. >; shipments, 529
stock, 1852.
Atlanta: Receipts. ssO; shipments. 1872;
stock 9140.
Brenham: Receipts. IS; shipments. 14S;
stock 465.
Charlotte. Steady: mlddllng, 124c: re-
ceipts 40; shipments. 49,
Columbia: Receipts 21SS shipments,
6724 stock Ass.
Columbus. Miss: Quiet; middling, 117sc
receipts, 125: shipments 1900 sales. 1900;
Eufaula: Receipts, s: shipments, 100;
stock 1913
Greenville: Stock lac.
Greenwood, S. c.: Stock, 2S56
Helena: Receipts, 80: shipments, 5s; stock
It's.
Little Rock Receipts. 15S; shipments.
2246 stock, 1886.
Macon: Receipts 4; shipments, 800; stock.
5572.
Meridian: Receipts, 27s; shipments, IA;
stock, 2Sl7.
Montgomery: Receipts s75: shipments,
154: stock, 6750.
Nashville: Quiet; middling, 12t4c; sales.
IA stock, AL. a=.-l >
Natchez: Stock, 652.
Newberry: None
Raleigh: receipts, %; Shipments. rs;
stock, 113.
Rome: Receipts. &c: shipments, 400; stock
459S.
Selma: Receipts, IS; shipments, sls;
stock, 5s2.
Shreveport: Dull; middling. 11s4c; re-
ceipts, s: shipments, 80; stock, $40.
Vicksburg: Receipts, So; shipments, %;
stock, IT'S.
Yazoo City: Stock. 27s1.
The Birmingham age-herald., 1913-07-08
Liverpool Grain

Liverpool, July 7.-Wheat steady: No.
Manitoba, rs Cd; No ?, rs Cd: No s, rs
Sh. Futures steady: July. rs 5%d Octo-
Der, Is 41sd; December rs 4Ad. Corn
spot. quiet; American mixed new kiln
dried, 5s 3d.. American mixed old 6s ;
American mixed old via Galveston, 5s
sgd; futures, steady, September LA
Plata, As 11ssd; October (La Plata, 5s
I'D. Flour. winter patents. 29s Cd.
The Birmingham age-herald., 1913-07-08
Flour and Breadstuffs

Self rising Hour, $500; Tennessee
flour, s5.65; Oklahoma -four $500:
lure wheat shorts. s2s; pure wheat bran,
$2; C. S. hulls per ton, s16; prime C. s.
meal. per ton, t32; c. S. feed meal, per
ton, $26: No. timothy hay, per ton, s23;
mixed alfalfa and johnson grass. per ton,
$50; sack, H.50; alfalfa has. per ton, s22:
johnson grass, per ton. SIS; mixed feed,
Sc; oats, 5sc: bus; corn, SIC.
The Birmingham age-herald., 1913-07-08
Naval Stores
Cotton Seed Oil Market

New York, July 7.--Cotton seed oil ad-
vanced slightly at the start today on scat
tered coverings due to the strength of
lard, but eased off later under scattered
liquidation and a lack of bull support
Closing prices were points up on July
and lower to higher on later months.
Sales. 300 barrels. Prime crude nominal; !;
do', summer yellow, $500 to $S.75; July
closed, $s.45 August, $S.42; September.
ss.41; October. s7.61; November. 1854; De-
cember, $6.45; January, $6i5; February
s6.45 prime winter yellow and summer
white $50 bid.
The Birmingham age-herald., 1913-07-08
Hubbard Bros. & Co.

Cotton Merchanta, Hanover Square, n.
Change. New Orleans Cotton i5xohanss,
New York Produce Exchange. Asso-
ciation. Orders solicited Tor the pur-
chase and sale OF Cotton and Cotton
seed Oil for future delivery Special
attention and liberal terms given for
consignments of spot cotton for de-
livery. Correspondence invited.
The Birmingham age-herald., 1913-07-08
Kansas City Grain

Kansas City, July 7.--Wheat cash, No.
? red, S7@s9c; new. sSaS6c; No. 2 red.
S4qSTe; new. S2@8Sc; No 2 corn mixed,
6oc; No. white, 61a611ac Oats, No. 2
white, Ale; No 2 mixed. 3S1s@Se1ac Close
wheat July s21ac; September, S31aas35sc !;
December, SIC. Corn: July. 59lsc; Sep
tenber, 6os4c; December. 569sc Oats:
September, 41Acdnssc; December. 42ssn
42s4c.
The Birmingham age-herald., 1913-07-08
st. Louis Grain

st. Louis. July Cash wheat: No. .
red, s51EdS7c; No. 2 hard, s6lkd9oc. Corn:
No. ?, 63d65i5c; No. 2 white, 64d64Isc
Oats: No. 2. 40d4eiac: No. white, 421h
@45c. Close wheat: July. S5sse; Septem-
ber, s6ss@S6a4c. Corn: July. GO1sc; Sep
tember, 61ls@6lSsc. Oats: July, DOC; Sep
tember, 41Ac.
The Birmingham age-herald., 1913-07-08
New York Money

New York. July Mooney on call
steady, 1%m11s per cent Ruling rate 2.
Closing bid 2i4M4. Six months 21s. Time
loans firmer, 60 days 8 per cent; 80 days
534d4: six months 515@6.
Prime mercantile paper 6 per cent.
Sterling exchange weak with actual busi-
ness in bankers bills at 4ss.25 for 6o-day
bills, and 1866 for demand. Commercial
bills 1929. Bar silver, 5slac Mexican
dollars. 4sc. Government bonds steady.
Railroad bonds quiet
The Birmingham age-herald., 1913-07-08
Creamery Products

Country butter, 2od25c: fresh creamery
butter, 32lac; cheese, lie; imported swiss
cheese, ale; German brick cheese. 200:
liI1burger cheese. l9c: imported roquefort
&c; Neufchatel cheese, per dozen &c,
Pimento cheese. Ssc; process butter. sOo.
daisy cheese. 1S3xc per pound.
The Birmingham age-herald., 1913-07-08
New Orleans Cotton Futures

g New Orleans, July Spot cotton
unchanged. easy; middling, i25ac; sales
on the spot. 33 bales; to arrive. sos
low ordinary. 9Ac nominal; ordinary
10 1-16c nominal; good ordinary
IL 11-16c: strict good ordinary
IL 15-16c; low middlinE. 12 s-16c. strict
low middling, IL 7-16c: middling. 12Mc:
strict middling, IL 15-16c: good mid !.
ding. 13hc; strict good middlinp
1a slice; middling fair, 13%c nom.
inal; middling fair to fair, 14hc nom
inal; fair. 14sc nominal Receipts,
112s; stock, 41,O62
Visible Wheat Supply
New York, July THE visible supplv
OF wheat in Canada Saturday. July
was $4,000 bushels, decrease of 1875
bushels.
Spinners' Takings
New Orleans, July 7.-Secretary Hester
gives the taking OF American cotton by
spinners throughout the world as follows
in round numbers
This week. 226.000 this year, against 215.-
600 last year. $4,000 year before last.
Total since September I, this year. -. .892 :
900. againstli19S,O0 last year, and 1.221. .COo
the year before.
OF this northern spinners and Canada
took 2.Sl0,OO bales this year, agains 2. 7Oo.- :
0d0 last year. and 2.o47,00O the year be-
fore; southern spinners. 2.6s7OOO against
2.44s,00o last year. and 2.1s5.OOO the year
before. and foreign spinners. 1885 5yo0O
against s,044.0o0 last year. and ss7s, 900 the
year before.
The Birmingham age-herald., 1913-07-08
Fish and Sea Enod.

Red snapper, 10a11c in Dbl. lots; gray
snappers or groupers. 31sQ4c; Spanish
mackerel, 121zc; sun perch or Dream, Sc to
10c in Dbl. lots pompano. zoe; mixed fish.
Sc in Dbl. lots; crockers, &c In Dbl, lots.
mullet. 6iac in bbls.; small trout, Sc "a
Size; fresh water cat. dressed, 125kc: salt
water cat, TIC.
The Birmingham age-herald., 1913-07-08
Poultry and Eggs

Hens, 45a50c: live, per pound. t4a15c:
fryers. 1Aqfla lbs. average. 25c; fryers
less than lb. and under IA pounds aver
age, 0c; ducks. lac pound; guineas.
30c; roosters. 30c: geese. 40Q50c;
live turkeys. 1SQ20c; fresh eggs. case can
died, 1SQ19c extra graded candled eggs.
24c
The Birmingham age-herald., 1913-07-08
LOCAL QUOTATIONS
Pig Iron
Local Cntfna
Meat

Lard, l3sse; compound, 10ssc; dry salt
short ribs, sl43o; bellies. $3.50; ham
butts. 1850; Boston butts. Ice; pork
ioins. lie; spare ribs, 1sc; breakfast
bacon, 2l@2Se: smoked bacon, lie; regular
ham, 20hc; skinned ham, 2l1Ac
The Birmingham age-herald., 1913-07-08
Grain Receipts and Sb;nments

Kansas City, July 7.-Receipts: Wheat
505,0oo; corn, $4,000; oats. 10000 Ship
ments; Wheat, $1,000; corn. $4,000. Oats
10, 600.
The Birmingham age-herald., 1913-07-08
French Exchange

Paris. July Three per cent rentes
SO francs Az centimes for the account.
Exchange on London % francs 24la cen
times for checks. Private rate of dis
count 3M per cent.