davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09
NEW HIGH RECORDS
IN COTTON MARKET
Broadening in Investment
Demand as Well as Con-
tinued Buying

New York. January s.--There was a
as continued buying by houses with for
eign connections in the cotton market
here right after the holidays, and prices
made new high records for the move
ment with all the active months selling
a cent a pound or more above the low
point of last month. This advance ap-
peared to attract increased offerings from
spot houses or people with southern con-
nections and an idea that New York
had reached q shipping parity over SOUTH
ern markets promoted both realizing and
considerable selling for reaction. Set
backs of several points followed In con-
sequence, but the market showed re-
newed steadiness today owing to the
continued free export movement the fall
ure of the southern selling to become
general or urgent. improving domestic
acreage or limited cultivation next sea-
son.
The large accumulation of cotton re-
ported at both tho ports and interior
points have been responsible for some
bearlsh sentiment as suggesting n consid-
cradle strain on financial resources. while
abnormally high freight rates combined
with the decline in foreign exchange and
the difficulty of securing adequate ma
rine insurance have also been COM
mented upon as likely to restrict fresh
buying on the part of exporters
Notwithstanding the limited supply of
ocean tonnage, however. exports for the
week of about $4,000 bales established
n h;nb for nj
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09
ULTIMATE relief FOR
SOUTH LOOKED FOR
Advance in Cotton Since
New Years Day Consid-
cred Significant

New York, January S.-Dun's weekly
review of trade will say tomorrow
Several developments significant of the
improving tendencies In business have at
tended the opening of the new year. The
advance In cotton gives promise, in spite
of the speculative fluctuations, of ultimate
relief to the south, and the sales of
futures are distributing over a series of
months by the natural processes of the
exchanges. The burden of carrying the
great crop under war conditions Oyer
100000 bales of cotton have been ex-
ported in the last four weeks, and it
Is announced that large lines of German
credit have been placed in New York
banks in order to finance cotton ship
ments to Germany which also materially
aids the situation.
Bank clearings for the week were So
6s1.s $50, decrease of 1876 per cent from
last year. Wheat exports were s,746,94
bushels. as against 5,475,19o bushels
year ago.
Failures in the United States were Coz.
against AZ last year; in Canada 70, against
81 last year.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09
MAY WHEAT SELLS
AT$1.4l BUSHE[
War Buying Broadens and
Brokers Ask Double Mar :
gin for Trades

Chicago. January S-Nar buying Of
wheat broadened out to such an extent to-
day that to guard against the market run
ming Wild brokers finally refused to take
trades unles margins were doubled. In
the excitement near the close May wheat
sold at sl.4 bushe an advance of 3isc
from the summit of the day. before. The
market finished unsettled, eL@21sc above
last night. Corn gained tsas4s to &c net,
and oats asa1sc TIC %@5sc. The outcome for
provisions was irregular, varying from
Ia decline to an upturn of DC.
Belief that Italy was on the verge OF
hcstilities made wheat CULVER with inces-
SAINT demand from Spectators exporters
and millers. There seemed to be no long
er any bears in the market. One miller
az Minneapolis was reported to have
bought 100000 bushels was said to have
been disposed to abroad.
Exports from North America for the
week were the largest on record-10, 1865, Ooo
bushels,
Corn and oats could not resist the lift
ing power of wheat They also felt the
stimulation of large exports.
Big receipts of hogs, and the bulge in
grain subjected provisions to contrary inn
pulses.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09
SAYS ROADS ABLE TO
GRANT ADVANCES

Chicago, January S.-W. J. Lauck,
statistician. testifying today In the fed
eral arbitration hearings of the wage
dispute between western railroads and
their enginemen, declared the roads abl-
ity to grant the advances asked was
abundantly shown by reports to the in
terstate commerce commission. Figures
prepared for the commission by the roads
themselves, he said, showed that 43 rep
resentative roads could deduct a proper
profit on their investment in bigger en-
gines and cars. reduced curves and grades
and the like. and still have left $50 900 900
each year to pay the men for the in
creased share they have had In hcaping
up earnings and for an emergency re-
serve fund. lie stated that the ratio
would hold good for all the 9S rail-
roads involved
LauclS estimates that all the railroads
involved arc earning s100, 100000 a year
on increased efficiency of equipment
roadbed, grades and labor. Accepting the
estimate OF the railroad managers that
the advances would cost them annually
$50 o00. coo. he declared the advance could
be met and handsome margin left over
for an emergency fund
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09
NEW YORK COTTON
SHOWS F|RMNESS
Demand More Active. and
the Close Steady at 10
TO IA Points Up

New York. January S--The cotton mar
ket showed renewed firmness today with
demand becoming more active during the
net advance of 10 to IA points.
The opening was steady at an advance
of 1 to points in response to relatively
steady cables. There was some trade SELL
ing and prices sagged . or points right
after the call. but there was no general
or aggressive pressure, and the market
sooa improved on covering, renewed in
vestment demand and rebuying by old
longs. Spot houses continued sellers on
the advance, but appeared to be operating
only in a moderate way, as offerings
failed to increase and the active months
sold Il to II points net higher in the late
ira ding. The close was only 5 or points
off from the best under realizing.
The continued full export movement,
combined with the large amount of cot
ton reported forwarded by Liverpool to
mills during the week helped the advance
during the afternoon, while the figures
showing weekly spinners' takings In ex-
cess of late year for the first time this
sea son were also factor in the late
r;,ding.
The Liverpool weekly figures suggested
create activity in Manchester than in
d.cated by the monthly board of trade
returns published yesterday and created
an impression that British manufacturers
were working largely on army orders.
New York Cotton Futures
New York, January S.-The cotton
market closed steady.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09
BULLITT DENIES
CONSPIRACY CHARGE

Washington, January Sd. F. Bullitt,
representing the so-caIled Wentz coal in
forests denied before a Senate subcom-
mittee today that his company was a
party to conspiracy with the Southern
railway to deprive southwestern Virginia
operators of an outlet for their products,
as charged by b. l.. Dulaney, an indie
pendent operator of Bristol.
Bullitt was questioned in detail re-
garding Dulaney's statement that the
Wentz interests supported plan of the
Southern to allow a differential of %
cents "A ton on coal shipments by Coal
Creek. Tenn, operators, competitors Of
Dulaney.
The witness declared his interests were
SO dissatisfied. with a proposed differen-
tial that he prepared an injunction suit
against it. He did not file the suit, how
ever. because the Southern put in force
differential of only Is cents.
D. d. Hull, representing the Henry X.
McHarg interests, denied that his client
was interested in coal fields outside the
Appalachian district, as charged by Du-
laney.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09
PENITENTIARY CROP
MAY GO TO BREMEN

Jackson, Miss, January S.-fSpecial)
Governor Brewer and the penitentiarv
officials are very hopeful that they are
going to be able to load a ship with cot
ton for Germany during the next 80 days.
and negotiations are now under way
for the chartering of the vessel
The trustees of the penitentiary will
have 5000 bales ready for market in a
week or two. and there will be no trouble
making up the cargo. as several large
planters and holders of cotton want to
join in the shipment TO Bremen, where
cotton Is now quoted at little better
than 20 cents. or $100 per bale.
The cost of getting the cotton to the
other side may be $40 or $25 per bale, but
even at that it will bring twice as much
as is offered here
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09
Port Cotton Movement

New Orleans: Midding. 7ssc; receipts,
1906; exports, 2s,SoO; sales, $3.50; stock. $751;
1888.
Galveston: Middling, 77sc, receipts, o.
SIS; exports. 43,4Os; sales, 2i71, stock. 4s1-
702
Mobile: Mddling. 7ssc receipts $50;
sales, IS; stock. "a, $780,
Savannah: Midding, 7ssc: receipts. 49,
PSI; exports. o15S; sales, 1906: stock. 30e. 119.
Charleston: Middling. 71sc receipts,
22I1: stock 13S, 747.
Wilmington: Middling, 7ikc receipts,
1654: stock. 1857.
Norfolk: Middling. .7Ae receipts 3s0s;
exports, SITS; sales, 1853; stock. Sc, 4o9.
Baltimore: Middling, &c receipts 1861
stock. 1924
Boston: Middlng. Sc; receipts, 47u; ex :
ports, 7SS; stock, 1863.
Philadelphia: Midding, SOS: stock. PAPA.
New York: Middling, Sc: exports. 1890;
stock, S4,096.
Minor ports: Receipts, 1881; stock, H.
552
Total today: Receipts, 1896: exports.
sS,572; stock, 1,629,1i7.
Total for week: Receipts 3SO,6e5, ex-
ports. s4s.76s
Total for season: Receipts, 5,0s5,s1S
exports, 2,S46,509
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09
Testers Weekly Cotton Statement

Comparisons are to actual dates not
TO close of corresponding weeks. IN
sight for week, 81 1000: same seven
days last year, $4,000; same seven
days year before, 371.000; for the month.
$4,000; same date last year. 900;
same date year before, 100000; for
season. S,S6S,000; same date last year,
1c,sSs,000; same date year before, 49,
$4,000. Port receipts for season, $685.
e0O same date last year. 100000: same
date year before last 100000 Over
land to mills and Canada for season.
$4,000; same date last year, $4,000;
same date year before, $4,000. South
ern mills takings for season, ] ,oo0,000;
same date last year. 1.s74,00o; same
date year before. 1.574000. Interior
stocks in excess of August /, 1f31, 900;
last year. 777,000; year before. 100, 900.
Foreign exports for week, $40 900; same
seven days last year. 235.000 for sea-
son, 2.s47.000; same date last year, g.
57s,0e0. Northern spinners' talSings and
Canada for week, $1,000; same seven
days last year. $4,000: for season, L.
275,000; to same date last year, L.
$4,000.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09
SECURITIES BILL
is REINTRODUCED

Washington, January S.--7'he railway
securities bill, amended to give tho in
tcrstate commerce commission control OF
railway securities issues and to increase
the membership of the commission from
seven to nine, was reintroduced today
by Senator Pomerene for the commerce
commission. Senator Pomerene said he
understood the House. which passed the
bill in its original form. would not OBJ
iect to the committees amendments
drafted after Chairman Newlands had
conferred with President Wilson and the
interstate commerce commissioners.
Extended debate on the amended bill
is expected, however, In the Senate it
self. and its champions do not hope for
action al this session of Congress.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09
STOCKS CONTINUE
FORWARD TREND
A Fairly Large Volume of
Business and Gains in
Speculative Issues

New York. January Son fairly
large volume of business todays stock
market continued to move forward. al
though gains were mainly in the specula-
tive issues Taking the sessions high
range as a basis of reckoning, leading
stocks. with few exceptiops we're within
2 to points of the top level attained early
in December last, when trading in the full
list was renewed. In the final hour. how
lost on realizing for profits.
Among the better known railway stocks,
Great Northern preferred and Northern
Pacific were consistently strong, while
Louisville and Nashville and Baltimore
and Ohio preferred recovered a consid-
cradle part of their recent decline. Read
ing. Union Pacific and Pennsylvania
were sold on the advance. Coppers re-
corded more or less material gains on an
advance in the domestic price OF the metal
and keener European demand. Mscel-
laneous shares in the Industrial. utility
and motor groups rose almost points.
Other interesting features of the day
were new high price for May wheat and
record breaking exports of that cereal,
further slight recessions in exchange on
London, greater ease of time money and
advices from leading industrial centers
which reported a market increase of ac-
tivity, particularly in steel and iron.
The increasing Importance of this coun-
try as financial center was seen in the
ready absorption of several new under
takings. Bankers announced the sale of
all the New York Central notes recently
offered, the s15.OO0OO0 three-year Argen-
tine notes placed last week were selling
at premium and a moderate loan to
British Colombia was placed at attrac-
tive rates. 1t was understood also that a
part of the s5O.0OO0O0 French treasury
notes offered in London would be taken
by our bankers. Our shares were flriner
in London, where some investment in
|Quiry was shown.
The bond market pursued q more even
course than stocks, most issues displaying
underlying strength. Total sales, par
value, aggregated 81, 900.
United States government bonds were
unchanged ON call.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09
Produce Market


Chicago, January SHUTTER lower;
creamery 24u32c Eggs unchanged; re-
ceipts, 501S cases Potatoes unchanged;
receipts S. cars. Poultry. alive lower;
springs 1Se; fowls. l3c.
New York, January S.-Butter steady
unchanged; receipts. $40. Cheese steady
unchanged; receipts. f67. Eggs excited re-
ceipts. 1864: fresh gathered, extra fine
tfm45c; extra firsts. f3c: firsts. 4i@42c' Sec
ords, 3Su4oe. Dressed poultry quiet; west
ern roasting chickens 15dl1iac, fresh
fowls. 121a017c; turkeys. l2no0c
Kansas City, January Butter: Cream
cry. Sc; flrsts, sic, seconds, 2Sc: packing,
2o12c Eggs. Flrsts, 3sc; seconds, 23c,
Poultry: Hens, 13e; ROSTERS, 1Ohc; tur-
KEYS. 15c.
st. Louis, January S.--Poutry unchanged
except springs 13isc; ducks, ifc Butter,
creamery, SAC Eggs, 3iiae.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09

Greenville. December S.-(Special)-Th
first week OF 1915 has been busy ono with
the Greenville merchants. The farmers
II ON all sections of the county have been
coming in and making contracts for this
years crops. Grain, stock sugar cane
and ruffage will be the principle crops
produced in this county this year Cen
orally speaking, the Greenville merchants
are contracting with the farmers to plant
five to 10 acres in cotton to the plow.
This is a large decrease over last year. 80
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09
LOWEST
REDISCOUNT RATE

Washington, January S.-The San Fran
cisco reserve bank today secured the re-
serve boards approval Of tho lowest re-
discount rate yet named by any OF the
barks--4 per cent on maturitics up to 90
deys. Money apparently is plentiful all
owl. the country, and the board Is inclined
to approve low rates SO that the banks
may be able to do more rediscounting to
make expenses.
Other rates approved today were San
francisco, per cent. maturities up to 90
days; 81 per cent. 00-90 days, and 8 per
cent longer maturities Minnea polls ~
per cent up to 30fdays; 5 per cent 80 to 90
days and per cent for longer.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09
Interior Cotton Movement

Houston: Middling, 15-16c; receipts.
2o,s61; shipments, 1903; sales, 6791;
stock, 1SS,12T.
Memphis: Middling, 7ssc; receipts,
$685. shipments, GIL; sales. 1000; stock,
263,13S.
Augusta: Middling, 1s-16c; receipts,
SO3; shipments, 2227; sales, 1898; stock.
152.102.
st. Louis: Middling, 5ssc; receipts.
2549; shipments. 1888; stock, 5000.
Cincinnati Receipts, 3271; shipments,
1885, stock, 1926.
Little Rock Midding, S-16c; re-
ceipts, 1852; shipments 172S; stock,
56.205.
Dallas: Middling. slice; sales, 1896
Total today: Receipts, 1854, ship
frents. 34,0S7; stock, 701 .992.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09

New York, January S.-The cotton
market closed steady.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09

Fruits and Produce

Lemons-S3 so.
Limes-75N90c.
Virginia Cabbage--2c Id.
Northern Appies-Barrel, fancy. 1894
6isQ9isc.
Florida Orangcs-sa. %
California Oranges, S225.
Grape Fruit-s2. 7593.25.
California Grapes-s2.75 per box.
Catawba Grapes-17c per basket.
Malaga Grapes-s5Q6 per key.
California Empress-$4 key.
Tomatoes-SS@3.5 so per crate.
Cocoanuts, 81 per sack.
Cranberries-Per box, s.; per barrel, 81.
Ruta ba gas--11ac ID. a
Celery--N50..
WAlnuts. $4,000. per Id.
Pcans-16130c per ID.
Fiiberts-15c per fb.
Almonds--20c per lb.
Chestnuts--9c per lb.
Lettuce-$l.25 and s2.25 hamper.
Egg Plants--$3.50.
Green Peas-$2T5.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09

Boston, January S.--Wool has been
fairly active this week consids ring
stocks available. Prices are very firm
With the tendency higher on medium to
coarse woods, while fine WOODS have
rot shown any weakening tendency UNI
der the embargo announcement.
There have been considerable guam
titles of South American wool to srrive
this week, sold at somewhat higher
rates The reports from South Amer
lea are to the effect that suitable wools
Tor this market are practically ex-
hausted and prices are extremity high.
Missouri, y blood, ESQ 29c; Il Eiood.
ESQ 29c; braid, 240 25c; Kentucky and
similar. u blood. unwashed, 29c; Is
blood. unwashcd. 29@ 30c; secured
basis, Texas. fine, IL months. 56ae 6sc;
fine months. 53@55c.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09
FLOUR QUOTATIONS
CONTINUE TO RISE
Another Ten-Cent Jump.
Spot Cotton Up An
other Eighth

was yesterday recorded on all grades of
flour on the local market. Corn was also
advanced cents per bushel. the quota
ton now being SO cents in wholesale guam
titles. Michigan flour is now quoted at
S.75 on the local market and Tennessee
-four at s675. .-
There was also rise in the local spot
market for cotton, good middling now
being quoted at 7Ssc. rise of &c over
previous quotations.
Business in all lines is brisk for the
week end
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09
CHARTER GRANTED
"OLD MEMS HOME

Jackson, Miss. January s.--(Special.)-A
charter has been granted for the estab-
lishment of the "Old Mems Home" to be
located on the gravel road between jack
son and Clinton. The charter members
of the organization are: The Rev. w. g.
Francis, o. J.. Waite, DR. w. r. Wright,
the Rev. w. A. Borum r. r. Doxey and
J. d. Gordon
The idea is to furnish a home for old
and decrepit men who are not able to
take care of themselves. 1t will be
established on a farm of from 80 to 100
acres, where the inmates may take plenty
of exercise and assist in maintenance.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09
Foley to Incorporate

Bay Minette, January S.-(Special.)
Msrking another step In its rapid adj
vance. the citizens Of the town of Foley.
a. the extreme southern end of the Bay
Minette and FIT. Morgan railroad. have
voted to incorporate that place into a
town The majority in favor of the move
ment was about four to one. The notice
of intention OF Incorporation was certified
to the Judge OF probate at this place and
the necessary papers which will enable
the town to properly incorporate will
doubtless be prepared and duly executed
within the next 30 days.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09

New York, January S.-fSpccal.)- THE
strength of the Liverpool market WIS the
feature of the early advices. Everyone
had looked for a decline abroad in an
swer to the weakness here, but that mar
ket was only slightly lower. Here the
spot houses appeared as sellers against
cotton accumulated in the south, where
II can be bought on almost a delivery
basis here AS the market advances it
meets with some cotton held in the south
for this basis.
Liverpool is affected by the high freight
rates from America and by rather a bet
ter demand in Manchester for cotton
goods. Here we think the market shows
remarkable strength showing the exist
ence of an investment demand which so
far absorbs all Of this hedge selling.
Our American spnners do not appear
as heavy buyers. They appear to be
d waiting for further trade developments.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09
New Orleans Spot Cotton

New Orleans, January S-Spot cotton
quiet and unchanged. Sales on the spot,
$50 bales to arrive, 1900; good ordinary,
SIC; strict good ordinary, CSC; low mid
ding. sac: strict low middlng. nc: mid
ding, 7ssc; strict middling, 77sc: good mid
ding, sAc. strict good middling, Sssc. Re-
ceipts 1906. stock, 331 1888.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09

[slto. Merc.a .ts, Hsceycr 9E..re: q
fsw Orleans Cotton Exchange. New
4 mbers liverpool Cotton Associa ton.
Z. Of Cottr nd Cotton Seed OIL for
ire deliv1 Special attention and
raj tern given for eonBignp4ntD Q9
Invited
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09
QUIET PREVAILS
ABOUT .PRZEMYSL

Berlin. January Shy Wireless Via
London, T.45 p m.)-Comparative quiet
prevails about Przemysl. according to re-
ports from Vienna. Russian attempts to
renew the offensive have proved inef-
fective.
The garrison these reports say, make
regular sorties, capturing prisoners and
war material. Several Carpathian rivers
have overfowed their banks, making ex-
tensive operations impossible.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09
Montgomery Market

Montgomery. January s.-(SpecIal.)
Spot cotton was quoted here today as fol-.
lows: Good middlins. 7asc; strict mid
ding, 7ssc; middling, 7lsc: strict low
middling. 6s4c, low middllng, 3-i6c; strict
good primary. Sac; good ordinary, 5isc.
Market quiet.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09

Gieenville, January s.-(special.) --The
negro, Dock Hartley. who was lynched re-
certify in the western part of this county.
had reputation as being a dangerous
character. Up to this time no arrests have
been made in connection with the lynch
ing, but In all probability Governor O'Neal
will call a special session Of tho Butler
county grand jury to investigate the kill
ing.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-01-09
Chicago Grain

Chicago, January S.--No. 2 wheat. red,
81. 361sd1 .S91a; No. hard, s1.37@1. $685.
Corn, No. yellow, 7lAc. Oats, standard,
54d54l4c. Rye, No. 2, $l14 Barley. 66@
roc. Timothy, $6n75o Glover, sl25Oa15.
Pork, SIT. Lard, $0.67. Ribs S9.75di10 20