davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1913-10-12
COTTON WEAKENS
UNDER LIQUIDATION
Close Is Easy and at an Ad-
vance of 3 Points on
October

New York October 11.-After an early
advance on strong cables, reassuring Man
chester news and fears of bad weather
in the southwest, the cotton market weak
ened under renewed liquidation, reports
of increased offering from the eastern
belt and unfavoring view of Wall street
conditions. The close was easy
at an advance of points ON October,
but generally 10 to IL points net lower.
There was a rushing of buying orders
at the opening and first prices were 8
to IA points higher. This was in line
with the showing OF the Liverpool market,
and it looked as IL many OF yesterday 8
late sellers were covering on private
cables from Liverpool, indicating that
the threatened lockout of mill employees
in Manchester would not amount to any
serious disturbance. There was also much
anxiety over weather conditions owing to
the prospect for lower temperatures, in
dcating frost for parts of Oklahoma and
Texas. These features, however, failed
to inspire any general buying and the
market was weak In the later trading
The unsettled situation In Wall street was
accompanied by considerable Wall street
selling and there also was some selling
here by one of the spot interests, accom-
panied by reports that southeastern spot
holders were offering cotton more freely
Closing prices were the lowest of the
day. General business was probably re-
stricted to some extent by holiday con-
siderations and there was doubtless a
good deal of evening up for over Sunday
and Monday.
The Birmingham age-herald., 1913-10-12
NEW LOW POINT IS
REACHED IN DECLINE
Increased Stocks on Both
Sides-Chief Impetus
From Bears

New York, October IA new low point
was reached today in the protracted de-
cline of the stock market. There was an
increased supply of stocks from traders
on both sides of the market, with the chief
impetus coming from bears. The raid
with which they began the days trading
was the most successful of any drive of
the present movement. and prices We're
forced doYn to points in the first few
minutes Later there came fractional
rally but the list cid not hold its advan-
tage and the close was near the lowest.
The conspicuous point was the entire
cripplng of the markets buying power.
Filing of the suit to separate Central Pa
cific from Southern Pacific and reports of
renewed disturbances In Mexico were
seized on by the bears as ammunition, as
were intimations from Washington that
the government was contemplating new
ANTITRUST measures.
lie was less the positive influence of
these developments, however, than the
absence of any consistent demand which
weakened the market and made it easy
to hammer down stocks.
Ine uncertain outlook for business and
money, the effect Of the new tariff law,
and the course of events at Washington
have made the present situation such a
doubtful one, in the opinion of traders,
that investors and SPECTATORS are unwill-
Ing to buy stocks.
The bank statement made better
showing than had been looked for. The
actual cash loss was only about 81, ,OO0, 900
and in consequence of scaling down
OF deposits. reserves were increased ma
terially.
weakness continued in bonds, with Steel
os railing to par Total sales, par value,
S9So,00o. United States rs and Panama
rs and IS declined Il and United States
As advanced Is on call on the week.
The Birmingham age-herald., 1913-10-12
COTTON UNSETTLED
ON SHORT SELLING
Reports of Weakness in
Spot Division Response
BILE for Nervous Close

New orleans. October 1.-THE cotton
market closed for the week nervous
and unsettled on aggressive short sell
ing. reports of weakness in the spot
division and some little hedge selling
against holdings of actual cotton. In
the early hours the market had a firm
undertone and showed a strong ton
deney to ADVANCE Oh the cold wave in
the northwest. which threatened to
bring frost to the cotton belt over sun
day. sThe heavy selling developed
when the market seemed about to pass
under bull control.
On the opening the tone was steady
and prices were 10 to Is points up Ca
bles were much higher than due and
the weather map was featured by a
pronounced wave. Liverpool appeared
to be up on the large bull taklngs for
the week and the prospects of cold
in the south.
Shorts were heavy buyers for while
and buying for long account was mod
erately heavy, although this class OF
buying was restricted by the fact that
thel American markets will be closed
Monday in observance of Columbus day
At the highest the trading months wero
IA to 10 points up. Heavy selling COM
menced at this level and continued
until nearly noon. The advance was
quickly lost and the most active months
were sent 3 to points under yester-
days last quotations. The close was
quiet at a net. loss of l to- 8 points
The Birmingham age-herald., 1913-10-12
Weekly Cotton Review

New orleans. October 11.--Tne cotton
market was subjected to much selling
pressure this week, chiefly from liuui-
dating longs, and prices showed a
downward trend, except for n while on
the closing session, when the market
felt the influence of the cold wave
threatening the cotton region.
The net results of the weeks 8 trading
were decline of SO to 6S points. The
nigh prices were made on Monday and
the low prices on Saturday. At the
highest the trading months were Z
points UP to Z points down, compared
with the close of last week. at the low
est they We're 55 to II points under last
weeks close. The range was 81 TO Gi
| points.
] Better weather conditions in tho cot
| ton region and an overboughr future
| market were the main influences at
work. Bears had the advantage and
/, added considerable volume of short
selling to the offerings AT the lowest,
prices were nearly a cent pound
down from the high levels of tha sea-
son reached few days ago. The de-
cline was generally called a natural re-
action after long continued dvance
and it was not until the end of the
week that bulls made any serious at
tempt to check the downward inoye-
ment.
At the end of the week the market
had better undertone and bulls
claimed that 1t had been cleaned of
the larger part of its long interest Less
rain fell this week than for some time
past and temperatures were high: at
the week end, however, the cod wave
sweeping down from the northwest
seemed to promise radical change in
temperatures. and perhaps frost.
The statistics of the week were bull
ish, chiefly because of the large mill
takings. For the# week takngs of
American cotton were put py Hester
at 100000 bales, against 1880 this
week last year and 2S9.00 this week
two years ago. They caused much bull
ish comment,
In the spot department prices lost
7-16 of a cent. middling closing at
9-13-16, against IA cents last week and
10A this week last year. Sales on the
spot amounted to 1893 bales, against
1871 last week and 3005 this week last
year; sales to arrive amounted to 7Gf5
bales. against 622Ss and 9150.
The Birmingham age-herald., 1913-10-12
Hubbard Bros. Z Co.'S Letter

New York October 1I.-(speclal)
Cables this morning were sharply
higher than due owing to another cold
rain storm In the southwest and fears
that frost might appear over the week
end. Private dispa tches stated that the
fears expressed in the decline here yes
terday OF a general lockout in Lam
caster were ridicufed and that an ad-
justment OF the labor difficulty was
expected. Here the market made a very
disappointing showing.
Opening up some IA points in partial
response to the cables the volume of
hedge selling from the eastern belt was
too great for quiet Saturday market
prices easing off steady. finally closing
under 13 cents owing to speculative
selling as well as hedges and the exe-
cution at the close of q number of SELL
ing orders from Liverpool on arbitrage
since that market had expected higher
prices here in response to their firm
ness.
Below l3 cents the same trade de-
mand appeared which has been fea-
t--s through the week and more con-
tracts w-re -.thdrawn from the mar
ket again today. Technically the mar
The Birmingham age-herald., 1913-10-12

| Fields, s5.25; Ben Davis, $3.50; pineapple So;
lines, per 100, 75cQ1; lemons, box of $50,
$4.50q5; New York sugar pears, bushel,
$3.50; New York Bartlett, bu., 81 rs; Flori-
da grapefruit, s405; Florida oranges, SO. rs
to $50; Malaga grapes, 500; Tokay grapes
500; Concord grapes In pony bkts., 1sQ2oc
scuppernongs. 81 crate; Irish potatoes Il
to s1.10 bush; sweet potatoes, $2@2.25 bbl,
75c bu.;' pepper, per crate, $101.5O; Jumbo
celery, 90c doz. celery, "a crate; okra SEA
$50 hamper; cucumbers, per crate, $175;
Danish cabbage, 2hc h.; snap beans, per
hamper, $3.50; new crop red and yellow
onions, Sc lb.: imported onions. crate,
S75; lettuce. al50Q2.50 crate; cranberries,
per box, $3.50.
The Birmingham age-herald., 1913-10-12

s6.25a7; yearlings. s5Q5.6o; wethers. SAC
AIS; ewes. $3.50a435.
st. Louis, october 11.--Cattle: Receipts,
2i0o, including 400 Texans; steady; choice
to fine steers, 5000; good to choice
steers. S25lS; dressed and butcher steers,
$5.50a7.25; calves, 11.50 Texas steers,
$6S7.75; Texas cows and heifers, $4.25Q6 80.
Hogs: Receipts, $500; steady; pigs and
lights, S5.75dS.65; good heavy, sS.35Ge5O.
Sheep: Receipts 400; steady: muttons,
50. 75d4eO; yearlings, $685. lambs, $500
725.
Louisville, KY, October 11.--Cattle: Re-
ceipts. SOC; slow, So. 50@S
Hogs: Receipts, 1900; steady; higher;
range, $450aS.50.
Sheep: Receipts, 30; steady lambs, 61kc
down; sheep, 31sc down.
The Birmingham age-herald., 1913-10-12
Bonds
Bank Statement

New York, October 1.-THE statement
of the actual condition of the clearing
house banks and trust companies for the
week shows that they hold 1885,, $50 re-
serve in excess of legal requirements. This
is an increase of 81. 262. 100 fronnlast week.
Actual condition: Loans 81. .929 GIG, 900, de-
crease $l3,943.o00; specie $3.50. $751; co., in
crease S6S2.0O0; legal tenders $75,100.O0O de-
crease S,67S,0o; net deposits $1761, ,131, 90,
decrease S24,036,000; circulation $45, ,036, GOO,
increase $4,000.
Banks cash reserve in vault, $S40, ,913, 900; /;
trust companies cash reserve in vault,
Sc. .144,0O0: aggregate cash reserve, $406,-
$4,000; excess lawful reserve s7,9 ,259, in
crease A.262.10o; trust companies reserve
with clearing house members carrying %
per cent cash reserve s4S, 729;000
Summary of state banks and trust COM
panies not Included in the clearing house
statement: Loans 563.513,0O0, increase ST.
023,200; specie $62. 1856, ,200 decrease s264, 100;
legal tenders ss.1o6.500. increase s4l1, 600:
total deposits s622,92<,90o, decrease s2,917,-
S0o
The Birmingham age-herald., 1913-10-12
New Orleans Cotton Futures
New Orleans. october 11.--spo. col

New Orleans, October 11.---Spo. cot
ton quiet, unchanged: middiing,
IL 9-16c; sales, spot, 134 to arrive 300
low ordinary, 10 Lice nominal: ordi-
nary. 10Bc nominal; good ordinary,
12hc; strict good ordinary, 12%e, low
middling, % 116c; strict low middling,
13 slice; middling. 10 9-16c: strict mid
ding. IS 13-16c. good midd1ing.
IA 1-16c; strict good middling. 1lh c.
middling, fair. IA 11-16c nominal; mid
ding fair to fair, 5 1-16c nominal; fair,
IS 7-16c nominal receipts. 5Si6; stock,
62S95.
The Birmingham age-herald., 1913-10-12
London Stock Market

London, October 1.-THE stock market
was duh today. The Jewish fast day and
approach Of settlement restricted busi-
ness somewhat. Foreign shares eased off
under light realizing, but mining stocks
and consols were steady and fraction
higher.
American securities opened steady and
slightly higher, but most of the list re-
acted later; closed dull with prices rang
ing from " point above to Y point below
parity.
Consols for money, 72is; consols for ac-
count, 72% bar silver steady, SID;
money, 81; discount rates, short bills, a.
Q4A; three months, 4a4014%.
The Birmingham age-herald., 1913-10-12
Cotton Seed Oil

New York, October 1.-THE cotton
seed oil market was inactive today with
small price changes but the undertone
was barely steady owing to easier lard
markets, closing point lower to /
point net higher. Prime crude, 5.66c
nominal; prime summer yellow, spot,
6.95c; October 6.99c; November. 8.90c;
December, 6.94c; January, 7.o0c: Feb
ruary, 706c; March, 7.16c; April. 7.20c;
May, 1850; prime winter yellow, 7.20c;
prime summer white, 7.00c.
The Birmingham age-herald., 1913-10-12
New Orleans Rice Market

New Orleans, October 11.--Rice: Rough
Honduras and Japan very steady; clean
Honduras and Japan strong and advance
Ing. Quote: Rough, 2.75G5.05c: Japan,
2.1od406c; clean Honduras, 4a4dl61zc; ia
pan new, SssG4c; old, 3A@3Mc Receipts.
Rough, 3179; millers 1923; clean, 171f2.
Sales: 157 sacks rough Honduras at 4.S0QD
5.00c; Japan, 64 sacks at 4.00c; 246O pockets
clean Honduras at 1NQ5ssc; 1888 pockets
clean Japan at 3kG9jac.
The Birmingham age-herald., 1913-10-12
EARTHQUAKES Large and Small

When the stairs creak and the furni-
ture gives out mysterious cracking sounds
at night we sometimes cit up In bed and
wonder II there Is burglar about, but 1t
doesn't occur to us that what we hear IL
really an earthquake on a small scale. The
night air has caused the wood to contract
with snap, thus accounting for the
alarming sounds. This Is just exactly what
the earth is doing periodically To mic
robe reposing on the polished surface Of
the table. this disturbance is probably
as violent as an earthquake Is to a hui
man being.
An, earthquake is terrible thing 1t
fore one knows which way to fly. and its
fury can be abated by no man, says the
Brooklyn Eagle.
Yet to the Seologist, earthquakes are
only symptoms. They are not causes 80
much as results--results Of great stresses
and strains within the earth that cause
slippings and slidings from time to time.
II the rocks on the shell OF the earth
slip and grate against each other SO much
as an inch along a tissure 10 miles in
length. shiver Is felt. A Clip of Is feet
along course of 200 miles s,ifficed to
bring about the terrible San Francisco
earthquake and fire.
These strains and stresses accumulate e
steadily within the earth The point at
which they have once found relief is
weaker to resist the next strain 1t slips
again. presently. BY successive move
ments its sides become more and more
displaced. Rock layers. mineral veins.
coal seams and cross the line of displace-
ment. are logged out of their course so
are roads. fence lines and brooks that
run across 1t on the surface. In the san
Francisco quake one mans front yard
was moved 20 feet to one side of his
house. and in another place the slip line
came so close to mars barn that some
piles OF straw. thrown out from the win
dows, were carried away. In Japan a
cliff IL feet high interrupted roadway
and thousands of similar cases might be
cited. These were primary movements
along the line Of the, disturbance that
caused the earthquake.
The Birmingham age-herald., 1913-10-12
Kansas CITY Grain

Kansas City. October 11.--Wheat,
cash No. 2 hard. $40 SOC; No. . red,
81 q s2c; corn. No. 2 mixed. 721sc; No. 2
white, Tic; oats, No. white, AK c,
No. 3 mixed. 400: wheat. December,
83S @s3hc; close, May, S8kc; corn,
December, 69Ac; May. 72Mc.
The Birmingham age-herald., 1913-10-12
St. Louis Grain

st. Louis. October 11.-Cash wheat
No. red, 94hc; No. hard, s7@93c
corn, No. 2. 721kc; No. 2 white, 721ac;
oats, No. Q. Ale: No. 2 white. 42eg421ac:
wheat. December, SS5s @ss%c, May.
92Hc; corn, December. 6SAc; May,
72Ac; oats, December. 41Ac; Mny, 44s
@44Ac.
The Birmingham age-herald., 1913-10-12
Hubbard Bros. & Co.

Cotton Merchants, Hanover Square, n,
change, New orleans Cotton Excnanxc.
New York Produce Exchange. Asso.
ciate Members Liverpool Cotton Asso-
chase and sale of Cotton and Cotton
Seed Oil for future delivery. Special
attention and liberal terms given for
signments of spot cotton for de-
livery. Correspondence invited
The Birmingham age-herald., 1913-10-12
Liverpool Cotton Market

LIVERPOOL October 11.-CotfOn spot
quiet; prices steady; middllng fair
S.osd; good middling, 7.73dA middling,
7.61d; low middling, 7.39d; good ordi-
nary, 6.73d: ordinary. $500; sales, 5000
including 400 American and 200 for
speculation and export. Receipts $4,000
including 24.70O American. Futures
closed firm. October. 7.2sd Octooe.-No-
vember. 7.1GAd; November December,
7.0Shd: December January, 7.0Sd: Jan
uary-February. 7.0sd February March
7.0Sd; March-April, 7.0Sd; April May,
1.0Sd; May-June. 70Sd; June-July
7.05tzd; July-August, 7.0Sd; August
September, 6S7d; September October
6.031ad; ber-November. 653d.
The Birmingham age-herald., 1913-10-12
MONEY IN WHEAT

$1,000 Buys Puts or Gala on 10000
oushels Of wheat No F.!ther. Risk. A
chance to take $4,000: 4c $4,000: 3c
$4,000. etc. Write for particulars.
THE CENTRAL STOCK 4 GRAIN CO.
Park Hldg., Cleveland, D.
The Birmingham age-herald., 1913-10-12
Liverpool Grain

Liverpool. October 11.-Wheat: Spot,
steady: No. Manitoba (new) Is, Sd; No.
| 2 Manitoba (old) Is, Sd; No. 8 Manitoba.
(old) rs, Sd. Futures, steady; October Is,
hd; December rs, Id; March Is. 11zd. Corn,
quiet; American mixed SIS, Sd. Futures
steady; October As, 11ssd; December 5s,
2Skd
The Birmingham age-herald., 1913-10-12

New York. October 11.-Coffee estab-
lished new high record for the season
during today's trading. The opening was
firm at an advance of 23 to 81; close was
strong, 4s to 90 net higher. October, 10.75c;
December, 10.95c; January, II .06c; March,
11.30c; May, 11.50c; July, 11.70c; Septem-
Der, 1.7Sc.
mild quiet; Cordova, 131s@161zc nominal.
Havre, 11a@2f higher. Hamburg, 1@1kp
higher. Rio firm, unchanged. Santos firm;
spot unchanged; futures. 150G200r higher.
Brazilian receipts, S6,OO0 against $1,000 last
year; Jundiahy, 5000, against 10000.
The Birmingham age-herald., 1913-10-12
Naval Stores

Savannah, October 11.-Turpentine
firm. 39@39Ac; sales, ESQ; receipts. 533;
shipments, 80; stocks, 26,496 Rosin
firm; sales, 1920 shipments, 2S; stocks,
153,24s. Quote: A, B, c, ID, E, $3.b5; F,
$3.50@3.571a; G, $3.52lk q s.55; II, $3.50
@3.57h; /. 1886 1880; X, $a10@415;
NJ, $40; N, 1910; WIG. s6.10;WW, 1920.
The Birmingham age-herald., 1913-10-12
Others
From the Washington Her

From the Washington Herald
I'm afraid my wife picked out the
wrong hotel"
TOO expensive?'
"Oh, no; but it's going to be hard to
make expenses. There's a lot of other
bridge sharps there besides herself
The Birmingham age-herald., 1913-10-12
Treasury Statement

Washington, October 1.-THE condition
of the United States treasury at the be-
ginning of business today was: Net bal
ance in the general fund, $126, 1885, 46s total
receipts yesterday, s2,415,322; total pay
ments yesterday, s2,s69,756; deficit this
year. s7,562, 267. against deficit of $S,161,-
209 last year, exclusive of Panama canal
and public debt transactions
The Birmingham age-herald., 1913-10-12
Primary Receipts

Chicago, October 11.-Primary receipts
of wheat today were 1,414,000 bushels; a
year ago holiday. Seaboard clearances
of wheat and flour equaled 319, ,000 bushels.
The Birmingham age-herald., 1913-10-12
LOCAL QUOTATIONS
Pig Iron
local Cottoc
Meat

Lard, l2ssc; compound, l0Isc; dry salt
short ribs, $l3 321s bellies. $140514; ham
butts, -s:60c. Boston butts. Ice: pork loins,
1sc; spare ribs. 12c breakfast bacon,
2.02sc; SMOKED bacon. 17c: regular ham,
19c: skinned ham- 1910.
The Birmingham age-herald., 1913-10-12
New York Money

New York. October 11.-Money on call
nominal; loans none; time loans strong
90 days, 5A per cent; 80 days, 5A@5k;
six months, 81 per cent. Prime mercantile
paper, 51aq6 per cent; sterling exchange
easy, $4.s1.4 40 for 60 days, A.S5.65 for de-
mand Commercial bills. s4.s1.15. Bar sill
yer, 611lc. Mexican dollars. 41c. United
States bonds easy; railroad bonds heavy.
The Birmingham age-herald., 1913-10-12
Live Stock Market

Chicago, october 11.-Close: Hogs: Re.
eeipts, 10000; strong; bulk, $s.056IS.5O light
$S0S .65; mixed, $7.90@S.65; heavy, $500
$50: rough, $7sOGs; stoclsers, and feeders
IS. 25@7.75 cows and heifers, $3.65@S. 80
calves, SOL.
Sleep: Receipts, 1000; slow; native sheep
$s9C14.95; yearlings, $546; lambs, native
s 90@7.15.
Kansas City, October 11.-Hogs: Re-
ceipts, 500; sc higher; bulk, IS. 100S.271a
heavy, $S.10QS. .271a: light. $s@s271a; pigs
$6d75l
Cattle: Receipts 400 including 200 south
erns; steady; prime fed steers. $9Q9.5O
dressed beef steers, $S@S.90; southern
steers s5.5047; sows, s425@7.25; heifers,
$50s.20.
Sheep: Receipts, 1000; steady; lambs
The Birmingham age-herald., 1913-10-12
Fish and Sea roods

Red snapper. 10c in bbl lots; gray
snappers or groupers. Sc; Spanish mack
erel, 12@12iac in Dbl. lots. pompano, 2Oc;
red bass, Sc; mixed fish, Sc In Dbl. lots;
in Dbl. lots; mullet, Sc in bbls.: small
crockers, 6isc In Dbl. lots; Atlantic null
let nc; common mullet SIC; small trout
Siac; fresh water cat, dressed, 123tc; lady
FISH, 6iac; salt water cat, Smc; speckled
trout, 121ac. New York oysters $3.50. $1.s5
@1.S5 per gal. Shrimp, 10c Id.
The Birmingham age-herald., 1913-10-12
Flour and Rreadstuffs

Self rising flour. 800: Tennessee flour.
$5.15; pure wheat shorts. $35;
pure wheat bran, $31; c. 8.
hulls per ton, s1S; prime c. 8. meal, per
ton, $50: c. s. feed meal. per ton, S2s:
No. timothy hay. per ton. $751;, mixed
alfalfa and johnson grass. per ton, $24:
alfalfa hay, per ton. see; johnson grass
per ton, $16: mixed feed, $34; oats. 6ec
bu; corn. 81: cornmeal. $3.50 per 9s lh
The Birmingham age-herald., 1913-10-12

ket is now short and should any bad
weather develop the effects of the re-
cent heavy buying by the trade will
be felt.
changes viii be closed on Monday for
the Columbus Day holiday.
The Birmingham age-herald., 1913-10-12
Poultry and ExRa

Hens, per pound, 151l6c; fryers, Ia
TX lbs. average q to 22c: ducks 13c lb
guineas. soc; roosters. aoc; geese, 4o6s0o,
live turkeys, 15c; fresh eggs. case. candlsd
25c; extra graded candled eggs. 29c.
The Birmingham age-herald., 1913-10-12
Creamery PRODUCTS

Country butter, 20025c; fresh creamery
butter, s6c; cheese 171sc; imported Swiss
cheese. sic; German brick cheese. zoe;
limburger cheese, 19c: imported Eoquefort.
16c; Neufchatel cheese, per dozen. sc:
Pii1ento cheese. N.sS; process butter. 70c.
The Birmingham age-herald., 1913-10-12
Willing to Find One
From Judge


Mother-Don't you think that boy of
your size could take the tacks out of this
carpet If he wanted to?
Small Boy--I guess so Shall I go our
and see IL L can find boy who wants tor
The Birmingham age-herald., 1913-10-12
Metal Market

New York, October 11.--Metals quiet;
copper nominal; lake, 16. 75G17c; electroly-
tic, 16. 6.5o@1Sc; casting, 16.S71A@16. 6.75c. Iron
unchanged.
The Birmingham age-herald., 1913-10-12
Coffee ANA 9urar

Arbuckle coffee. 2l.8Oc; Luxanne. sc per
pound. Sugar standard granuIated. SIC
per pound
The Birmingham age-herald., 1913-10-12
Dry Goods

New York October 11.--Cotton' goods
were quiet with some easing noted in
wide print cloth yarn goods. Few sales
were made. Dress goods OF a STAPLE
character We're being sold fairly well for
spring delivery. Linens were active; bur-
laps less so. Underwear and hosiery CON
tnued In good demand.