davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1913-10-04
SHARP DECLINE IN
COTTON MARKET
Freer Southern Offerings
Cause MOvement-Selling
More or Less General

New York. October S.-Better prospects
for clearing weather in the south and
predictions of rapidly increasing move
ment with freer southern offerings seemed
to be chiefly responsible for sharp de-
cline in today's cotton market. Selling
was more or less general and came from
houses with foreign and southern con-
nections as well as from local sources.
Offerings were taken we'll enough by the
covering of shorts or buliish trade in
terests TO cause occasional rallies, but
after opening was firm at an advance of
to 10 points. at a net loss of from 10 to
20 points, with January contracts selling
at 13.7oc or 27 points under the high rec
ords of yesterday morning.
Relatively firm Liverpool cables and
continued large English spot sales served
to offset unfavorable reports concerning
the Manchester labor situation and the
opening advance here reflected storm
damage reports from the southwest.
First prices carried active months back
nearly to the best level of yesterday but
the market met a large amount of cotton
on the advance and soon turned easier.
The detailed weather report for the Hous-
ton district showing general rains yester-
day and the fact that further showers
We're forecasted for today probably re-
stricted selling to some extent and helped
moderate rallies. Generally fair weather
was predicted for the rest of the belt
and offerings showed a tendency to in
crease on all the bulges.
Private cables attributed the advance
In Liverpool to continental buying and
covering on bad crop reports from the
southwest. Many private wires also were
received here claiming the recent severe
storm had caused serious damage TO open
cotton in central and north Texas. They
We're offset to some extent by favorable
eastern belt conditions.
The weekend statement seemed to be
without any special influence, as full
into-sight figures We're contrasted with
still heavier spinners takings and it is
reported from foreign exchange markets
that offerings of cotton bills this season
have been about 10 per cent in excess
of last year.
The Birmingham age-herald., 1913-10-04
PRICES DROP Off
AFTER EARLY RISE
Outlook for Improvement in
Western Belt-ClOse 13 to
16 Points Under

New Orleans. October s.-The cotton
market took on a net rise in the morn
ing session today but fell off gradually
later on because of the outlook for i'm
provement in weather conditions in the
western half of the belt. Reports ind-
Gated that much rain again fell over night
in Texas and private accounts told of
much crop damage by excessive rainfall
and rivers and creeks being out of their
banks, but the forecast promised a de-
cided change for the better which prompt
ed much liquidation of long cotton and
some little selling for short accounts. un-
der which the market fell away.
The opening was steady at a rise of Z
to points on the advance in Liverpool
futures and the sales of 1900 bales of
spots in that market. The reports from
Texas also stimulated buying and the
market worked up to a net advance of
to II points. Private cable messages from
Liverpool and Manchester told of bet
ter business being done by English spin
ners' mills with China, which also helped
the long side. From the middle of the
morning, however, the market commenced
to fall off and at noon prices were to s
points under yesterdays close. In the
afternoon the decline was gradually
widened until the trading months were
n to Is points down. The close was easy
at a net loss for the day of 13 to 1s
points.
The Birmingham age-herald., 1913-10-04
Wool Market

Boston. October 3.-Trade in the Boston
wool market this week has been OF tar
proportions, chiefly of domestic territory
woods, with moderate quantities OF fieece
and some foreign cross breds of the lower
grades. Prices have been barely steady.
Foreign advices indicate firm values
ruling. London being maintained on a
steady basis at the advance and Aus
tralian advices indicating firm mar
ket at Sydney.
Wisconsin and Missouri: Three-eighths,
quarter blood. 23ls923c.
kentucky and similar Half, three
cighths blood, unwashed, 23d2lc.
Secured basis Texas: Fine II months.
5Cd53c: fine six and eight months Fa4sc;
fine fall, 45@46c.
The Birmingham age-herald., 1913-10-04
MODEST RECESSIONS
in LEADING STAPLES
Wheat Makes No Response
to Fact Tariff Awaits
Wilson's Signature

Chicago October 3.--Wheat prices to-
day made no response to the fact that
the tariff bill was awaiting the sigma
ture OF the President. Traders generally
considered the effect of the legislation
had been fully discounted pending de-
velopments as to Canadian duties against
the. United States. Closing prices here
were firm at ls@Ac to 1zd2sc net decline
Other leading staples showed similar
modest recessions, corn A@ssc to sc;
oats 14Qssc to ssc.s and provisions 216ap
121sc
Declines in wheat were mainly due to
bearish cable news. large northwest re-
ceipts and to the advantageous compile
ton of winter crop seeding Argentine
advices that growth conditions were prac-
tically normal, with increased ACREAGE
had a distinctly bearish influence owing
to previous reports of drouth. The dry
area, moreover, was said by today's dis
patches to be small.
Generous commission support appeared
when the market had undergone a fair
setback. Seaboard clearances were large
and a bull leader at Minneapolis definitely
predicted q falling off in receipts next
week. Rallying power, however. was re-
stricted by slackness of cash demand
Fine weather and the fact that shipping
call was poor sent corn lower with wheat
Besides there were enlarged estimates
of the Argentine export surplus. Shorts
were the best buyers.
Sales of Canadian oats at Toledo and
Minneapolis carried down the price here
Canadian shipments to this city were Of
fered at the Chicago December price,
elf duty paid.
Provisions sold off on account of the
disappearance of much of the recent call
for January and May. Spectators and
packers were on the selling side.
The Birmingham age-herald., 1913-10-04
PRICES STEADY
ANDDEMAND GOOD
Pineapples on Sale at So a
Crate-Grain Trade
Brisk

Business ON Norris avenue yesterday
maintained its standard of briskness,
the standard that was set on Monday
of this week The merchants report
but few changes in prices and say the
demand is quite good with an equally
good supply.
Pineapples are now on sale but the
demand is rather slow it is said. They
are quoted at So crate. Irish potatoes
are being received in sufficient guam
titles to supply the trade and the price
maintains its strength.
Fish are conspicuous by their alb
sence, with the exception of mullet.
Birmingham people are eating mullet
as if it We're shad. The demand is very
brisk and the price unusually nigh for
this fish. No snapper are to be had
and the people must eat mullet or go
without
Business in the grain market con-
tinues- brisk. The demand is showing
strength and the supply. is adequate.
Prices are firm.
The Birmingham age-herald., 1913-10-04
Caffee Market

New York. October Slower European
cables and full Brazilian receipts caused
an opening decline OF to 1S points IN the
coffee market today, but prices soon raj
lied on bullish Brazilian news and renewed
bull support. There was active demand
in late trading with the close firm, lS'd
23c net higher. October, 9SSc; December,
1c.03c: January, 1o.f5c; March. 1O.39e; May,
10.59c; July. 1olSc; Septemberh lo.sSc-
Spot steady: Rio No. Z. 10Ac; Santos No.
4. 12ssc. Mild quiet; Cordova, 19416Ac.
Havre closed t4mikc lower. Hamburg,
1AM1is pfennies lower. Rio IS reis higher
at 5sxS50 Santos As, unchanged; IS ~
reis lower at 5sx500. Futures, 5oMi5 reis
lower. Brazilian receipts 5000 against
60 coo last year; Jundiahy $1,000 against
81. COO
The Birmingham age-herald., 1913-10-04
STOCKS ARE AGAIN
UNDER PRESSURE:
Firm Tone Disappears.
Losses of Point or More
in Leading Issues

New York. October S.--Stocks were un-
Ger steady pressure today. The firm tone
of the previous two days disappeared,
and although offerings were not heavy
there was no demand except at conces-
slons. Leading issues ended the day with
losses of a point or more.
On the eve of fundamental change in
the eountry's tariff laws. traders thought
IL best to pursue a conservative course.
Uncertainty as TO the action of the mar
ket in the immediate future led holders
OF long stock to realize on the compare
lively small rise of the preceding two
days Steel was once more the most con-
spicuous stock and it's persistent weak
ness was drag on the whole market.
Copper shares yielded part of their recent
exceptional gain
Reading and Union Pacific also were
subjected TO severe pressure at times.
st. Paul was affected adversely by its
August report showing loss of more
than $1,o00,00o in net earnings.
Sentiment was depressed in London and
American stocks there were inclined to
heaviness, which was partly responsible
for the lower opening here. London sold
stocks here steadily, disposing of 10000 to
10000 shares.
A small cash gain for the banks in the
week was indicated BY known movements
OF currency. AS the week takes in the
quarterly payment period, however. fore
casts of the bank statement may be far
from the mark. Time money rates show
ed an easier tendency.
Bonds were under slight pressure Total
sales, par value, sl,2ioo0O. Government
bonds broke sharply on bid prices.
United States 9 s coupon and Panama 2s
yielded a point and United States 2's reg
istered and the As Y on call.
The Birmingham age-herald., 1913-10-04
New York Cotton Futures
Port Cotton Movement

Galveston: Quiet: middling. 144e; net
receipts, 14,19f; gross receipts, H. 1874; sales,
800; stock, 112,205; continent, 1922; coast
wise, 1896
New Orleans: Quiet; middling. 14c: net
receipts 201S; gross receipts, 2254: sales,
1884; stock, 49,S07; coastwise, "A.
Mobile: Steady; middling 13 13-16c: net
receipts. 4O42; gross receipts. 4O42; sales,
525; sotck, $3.50: coastwise, $751;
Savannah: Steady; middling 13s4c: net
receipts, 2,161; gross receipts, 21,161: sales,
Si9o; stock. 111,5S6; continent, 69s coast
WISE 0,227
Charleston: Steady; middlins. 1890: net
receipts, 463S; gross receipts, 46SS; sales
300; stock. $1,000; coastwise, 2s0.
Wilmington: Steady middling, 13%c; ne,
receipts, 4131; gross receipts, 4737: stock
26.759; continent, II ,S00
Norfolk: Steady; middling. 14c: net re-
ceipts, $780, gross receipts, 23s0 sales, 412;
stock, 10.95s; coastwise. 1864.
Baltimore: Nominal; middling 14Ac: net
receipts 302: gross receipts, 3S10; stock,
1878; continent. 3095.
New York; Quiet; middling. 14.1Oc; gross
receipts, 1909; sales. 200; stock, 1878; con-
tinent, 100; coastwise, GIGS.
Boston: Quiet; middling, II. 10c; gross
receipts, 36S3; stock, 1919.
Philadelphia: Steady; midding, 14.35c;
gross receipts 1443; stock. 329S.
Texas City: Net receipts 1886; gross
receipts, 27s4; stock, G096
Brunswick: Net receipts, 11,44S: gross
receipts, LAS; stock 1894; coastwise,
1884.
Aransas Pass: Stock, 1865.
Jaclzsonville: Net receipts, S51; gross re-
ceipts, S57; stock, 1885, coastwise. 10S9
San Francisco: Net receipts, S1S3; gross
receipts, s1S3; Japan, S1S3.
Total today at all ports: Net. 76,715;
continent, 1885; Japan, $685. stock, 49,
707
Consolidated at all ports: Net, 421 06S;
Great Britain, 1926; France, s2,462 con-
tinent, 161, ,203: Japan, 10S02.
Total since September 1 at all ports:
Net, 1,4iS,05 Great Britain, 401,S19;
France, 164,556; continent, 459,a07 Japan,
20,Sl6; Mexico, 36S7.
The Birmingham age-herald., 1913-10-04
STATE FARMERS TO
MEET IN MERIDIAN
Mississippi Union Convenes While
the State Fair Is in
Progress

Meridian, Miss. October 3.-(SpeeiaD
The state convention of the Farmers
union of Mississippi has been called to
meet in Meridian, October 81. and will
remain in session during October %
and 23. 1t is expected that there will
be a large attendance of delegates and
visitors owing to the fact that there
will be reduced rates on all trains and
the further fact that the mississippi
Alabama fair will be in progress at the
time.
Those who are here on the first day
the convention meets will have the
pleasure of witnessing a great free
event--a magnificent pageant Sc
washee's Dream" the exemplification
of an early Indian legend. Besides this
they will see all the fine agricultural.
horticultural, machinery and live stock
exhibits. 1t is believed that these at
fractions, together with the work of
the state Farmers union will bring
many farmers from all over he state
to Meridian on the occasion mentioned.
The Birmingham age-herald., 1913-10-04
Hubbard Bros. & Co.'S Letter

New York. October 3.-(Special.) )---Ad-
vices of the heavy rains in southern
Texas advanced the European markets
and we opened some 1S points higher.
The advance was met by heavy realizing
and also by selling for a decline from
local houses. especially the foreign ones.
who are quite bearish on tho idea that
now we have received the bureau re-
port the worst is known about the crop.
therefore a decline would be In order.
1t Is noticeable this Is the same bear
ish feeling we have met during the en-
tire advance.
Today this temper OF the trade domi-
mated the market closing steady some
12 points lower on the near and II on
the distant deliveries, which were under
pressure of free offerings from European
houses
The Birmingham age-herald., 1913-10-04
Live Stock Market

Chicago, October 3.--Hogs: Receipts,
10000; light grades, &c lower; others
steady; bulk of sales, $SS0@S.7 rs: light.
IS. 30@S .90 mixed, So s.1o@9: heavy, sS4S.90,
rough. sSgfS. %: pigs, s4.15@S.
Cattle: Receipts. 1000; steady: beeves,
81. .15@9. 40; Texas steers, S6.90@7.9O; stock
ers, $5. 3om7 80: cows and hefers, $3.50
s.55; calves, $7.75Q11.4o.
Sheep Receipts. 10000; steady to strong
native sheep, s3.S545: yearlings, Sf.9o05o;
native lambs. s. .S5d7. 40.
Kansas City, October 3.-Hoss: Receipts,
1900; steady; bulk of sales $S.15QS.55;
heavy, IS. .300Is. SO; packers and butchers,
$s. 20Qs .6O light. sass; pigs, $6@7 so.
Cattle: Receipts, 1000, including 300
southerns: steady; prime fed steers, $50
9.55; dressed beef steers. ss@S.9O; south
ern steers. s5.500l7; COWS, 81. 25QG %; heif-
ers, S5@9; stockers, s5500S Is.
Sheep: Receipts, 10000; steady; lambs,
Sc. 75a7 .40 yearlings. s. 25q6; wethers, s4.25
%; ewes, $S.60al4.5O.
st. Louis, October Seattle: Receipts,
AGO. including 700 southerns; steady;
choice to fine steers, $S@9.3o; good to
choice steers, 81. .254S; dressed and butcher
steers, $5.5OQT.25; stockers, S5.254150
Texas steers, $6QD7.75: Texas cows and
heifers, "a 25@6.5o.
Hogs: Receipts. $500; higher; pigs and
lights, $5.50@S.S5; mixed and butchers. $s.5C
az. 80; good heavy, $S. 50alS 80.
Sheep Receipts, 1900; steady; muttons,
SO. .15dl4. .35; yearlings, $5@6 lambs, $500
Z. 40; culls and bucks, $2@4.
Louisville October 3--Cattle: Receipts
5O0 range, s2.5OaS; Arm.
Hogs: Receipts, 2s00; steady; Be down;
range. $4.50GlS. .S5.
Sheep: Receipts, 150; steady; lambs Glsc
down; sheep. alsc down.
The Birmingham age-herald., 1913-10-04
Interior Cotton Movement

Iouston: Steady; middling, IA slice;
net receipts. 1906; gross receipts 49,
056; shipments. 99s9; sales. 1915; stock.
9s, 1856
Augusta: Steady; mlddling. 13Xc
net receipts, 2160; gross receipts. 2647;
shipments, 37s5; sales, 22SS; stock. 3d.
159
Memphis: Steady middling. Is&c;
net receipts, 2114; gfoss receipts, 2S0e
shipments, 1881; sales, 2400; stock, 3o,-
S04.
ST. Louis: Firm; middling. 14c: net
receipts. IS; gross receipts, 555; ship
ments, $40; sales. 6 stock, 305S.
Cincinnati: Net receipts, goo; gross
receipts, 200; shipments, SIS; stock,
17,00S
Little Rock: Steady; middling, 1870:
net receipts, 1852 gross receipts, 1852;
stock, 1870.
Louisville: Firm: middllng. 1910;
net receipts. $50; gross receipts. $50;
shipments. 81 sales, 585; stock, 200.
Greenville: Steady: middling, t4c.
Totals today: Net receipts, 19.54s;
gross receipts, 2i,196; shipments. lG2o7;
sales, s1Ss; stock. 1873. .135.
The Birmingham age-herald., 1913-10-04
LET CONTRACT FOR
UN|ONTOWN Church
Presbyterians Will Erect
Edifice to Cost Approx
imately $4,000

tniontown, October 3.-(Special. This
week the contract for the new Presby-
terian church was let to Mr.. Austin of
Florence. at a figure amounting to about
$4,000, when the entire building is COM
pleted, including furniture and fixtures.
IL has not been agreed whether a aev-
organ win be installed.
The contract calls for a. beginning of
excavation within two weeks and active
headway viii be on in a month. The
church will be finished April !. The
building OF handsome Greek design, de-
parting from the ordinary straight walls
to something more pleasing to the eye
and will be modelled closely after a church
in Florence. 1t will have a foundation
OF stone with the superstructure of brown
pressed brick. A beautiful entrance of
columns will add pleasing finish
In the rear of the building will be the
Sunday school rooms, consisting of four
large class rooms and five more Will be
under the main auditorium of the church.
Rooms will be prepared for the use of
the ladies in their various organizations.
Opera chairs will be used in the sunday
school rooms, but regular church pews
will be put in the church proper. The
seating capacity will approximate about
$500 people
The Birmingham age-herald., 1913-10-04
WEEKLY MOVEMENT.
Comparative Cotton Statement

Brought into sight thus far
for season 1,S77,5 sc
The Birmingham age-herald., 1913-10-04
Worlds Visible Sunnlr

New Orleans, October 3.-Secretarv Has
ter's statement of the worlds visible sun
ply of cotton made up from special cable
and telegraphic advices compares the fir-
ures of this week with last week. last
year and the year before. 1t shows an
increase for the week just closed of az. III
against an increase of 81, ,653 last wear ana
an Increase of 266.77S year before last.
The total visible is 2,s12,5o5, against
2,4947 1874 last week, 3,0l3G5S last year and
2,4s5,56l year before last. or this total
OF American cotton is 1.s19505, against
l.e0S793 last week, 2.23505S last year ana
i,sS3561 year before last, and of all other
kinds. including Egypt. Brazil, India, etc
$4,000, against S9i, 900 last week. 1900 last
year and $4,000 year before last
The total worlds visible supply of cot
ton as above shows an increase compared
with last week of 3111l, a decrease COM
pared with last year of 200553, and an in
crease compared with year before last az
326.944
OF the worlds visible supply of cotton
as above there is now afioat and held in
Great Britain and continental Europe
10000 against $4,000 last year and
l.3l7.000 year before last; in Egypt, l25,0oc
against 5000 last year and 1900 year be-
fore last; in India, 4l6.0o. against i07.000
last year and 2S6.0o0 year before last. and
In the United States. 7ol.000, against 927,-
go last year and $4,000 year before last.
The Birmingham age-herald., 1913-10-04
Fruits and Produce

Apples. Virginia green apples, per bb...
$780, New York 20 o.. $780, pineapple, So
crate ; lines, per 100, 75c0S1. 90; LEM
cns. box of So, s5d5.5t; New York sugar
pears. bu., $3.50; Florida grapefruit,
$l.5C@5.oo Florida oranges $780, can
taloupes, pink meat. flat crate, u;
cantaloupes, Rockyford, standard crate,
81 90; Malaga grapes. 81; Tokay grapes,
1925; Concord grapes in pony baskets, 20c
scuppernongs, 81 crate Irish potatoes, 81 "a
bushel; sweet potatoes. $2dl225 bbl, 75c bui
SOC dozen: celery, 81 crate; okra, szQ1o. ia
hamper; cucumbers. Sper crate. u.75; Vir-
ginia cabbage, 21Ac lb.; snap beans. per
hamper. si.50: new crop red and yellow
onions. &c h.; imported onions. crate.
sl75 lettuce. sl.50a2.59 crate; cranberrIes.
per box. $3.50; cocanuts, s. X, Sc; hazel
nuts, 16c lb.
The Birmingham age-herald., 1913-10-04
Liyerpool Cotton Market

Liverpool, October 3.-Spot cotton fair
request steady. Middling fair, sgd; goot
iniddling, sold; middling. 7.S7d; low mid
ding, 765d good ordinary, 6.99d; ordi
nary, 665d. Sales 1900 bales, including
800 American and 1000 for speculation ant
export. Receipts 1000 bales, including 10,
American. Futures closed uneven. Octo
ber. 7.551ad; Oetober-November Z. .45d; No.
vember- December. 7.35d; pecember-Ja
uary, 7.331ad; January February. 7.33d
February March, 7.321zd; March-April
7.321ad: April-May, 731d; May-June, 7.29lsd
June-July, 7.27iad: JuIy-August, 7.25d; Au
gust September. 7.07d; September October
6.79d; October November, 6.69d.
The Birmingham age-herald., 1913-10-04
London Stock Market

London, October 3.--With a few excep.
tions the stock market was depressed by
the monetary situation, politics and pros
pective new loans today. Home rails were
unsettled by trouble in the cotton trade
Copper also lost much of its early
strength on realizing. Mexican rails were
steady and the exception. American
securities opened quiet and unchanged
Dealings We're limited. The whole list
eased off under profit taking and closed
quiet
Consols for money. % 3-1G: consols for
the account, 13 ZIG. Bar silver steady,
IS 7-16d; money, 31a0l4. Discount rates
Short bills, 4iA@iss; three months, 4ssel
The Birmingham age-herald., 1913-10-04
Cotton Receipts

New York. October 3.--The following
are the total net receipts of cotton at all
ports since September l
Galveston, 607,2S6; New Orleans. 72,424;
Mobile, 1871; Savannah 249,213; Charles
ton, 1035so; Wilmington, 67762; Norfolk,
24,45i; Baltimore. 6232; New York, IS; Bos-
ton, sos; Newport News, 756. San Fran
cisco. 1906; Brunswick, 5S,554 Pensacola,
1853; Jacksonville 24l6; Texas City, 4s,967;
Tacoma, 925 Aransas Pass, 22,251 Seattle,
1885, total, 1443,050.
The Birmingham age-herald., 1913-10-04

Der, S16.75. offered electrolytic, N6.sf,
lake, s17; casting, s16.62ql6.65.
Tin weak: spot SAL. October, S40.5oM
n75. November to December. s4o.50QA.
Anthony dull: Cookson, $3.50.
Iron quiet, unchanged.
London markets closed as follows: Cop
per quiet. spot. e7S 15s; futures, eiS l2s Cd.
Tin weak; spot, e1S6 IS; futures, Gls6 los.
Iron-Cloveand warrants. 5is 4isd.
The Birmingham age-herald., 1913-10-04

New York, October 3.--Comparative cot
ton statement for the week ending Fri
day. October 3.
Net receipts al all United States ports
during week, ki2lo5S; net receipts at all
United States ports same week last year,
447,ss2; total receipts since September l.,
] ,sl3,05 total receipts TO same date last
year. 1,iGl, l,7e5; exports for the week. 3s7-
6le: exports for same week last year. a..
s6;;, total exports since September l. l.04s
7iS, total exports same date last Year
The Birmingham age-herald., 1913-10-04
Taking of American Cotton

New Orleans, October 3.-Secretary Hes
ter gives the taking of American cotton
by spinners throughout the world as fol-
lows, in round numbers:
This week $4,000, this year, against
231 900 last year. 251 900 year before last
Total since September l, this year, 1.0l,
900. against $4,000 last year, and 600
the year before.
OF this northern spinners and Canada
took $4,000 bales this year, against 109,-
01o last year. and $4,000 the year before;
southern spinners ais,c0o. against s26.o0}
last year. and 1es.coe tho year before
and foreign spinners. 56l0eo. against 5a4.on
lAst year. and 10000 the year before
The Birmingham age-herald., 1913-10-04
New York Money

New York, October s.-Money on call
steady, 2a4@5 per cent; ruling rate, per
cent; closing bid. 2a4@3 per cent Time
loans easy; co days. 440+H per cent 80
days. 4saao per cent; six months. 4s4 per
cent Prime mercantile paper, 5a446 per
cent. Sterling exchange steady, $4.S2 for
60-day bills and 81. .S6.05 for demand. Com
mercial bills, s4.sl.65 Bar silver, elssc.
Mexican dollars. 47c. Government bonds
weak; railroad bonds quiet
The Birmingham age-herald., 1913-10-04
]. d. Young Indicted

st. Louis, October 3.--John d. Young.
former deputy building commissioner Of
east St. Louis. ILL.,. was indicted today on
a charge of embezzlement. The indict-
ment charges that Young secreted 5000
for the purpose of defrauding the city.
Young was deputy building commissioner
under the administration that went out
of office this spring.