davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
Fa;rchild & Co.'S Letter

New York, October 10.-(Special.) 1.-The
cotton market today. after opening at
an advance, showed a tendency at times
to ease moderately. However, in the
closing hour sold out bulls, and the best
general public class of buying seen for
sometimes, carried prices up to the high
est of the season. 1t is a wonderful mar
ket, considering the price, which has been
a deteriant factor all season on the part
of thousands of spectators, who, while
bullish at heart and realizing cotton was
cheap, kept out of the market through
fear of a collapse of the bull movement
In our opinion, in the history of cotton,
there never has been more substantial
basis for bull market than this year.
Cotton could bull itself this season simply
on the basis of supply and demand. Spec
ulation. it is true, has attracted atten-
ton to the, merits of thes ituation, but It
has not played the spectacular role of for
mer years We believe 1Sc cotton would
have been seen on our exchange yes
terday were it not for Sundays subma-
rine happenings. The market this after
noon had all the earmarks of another
sharp return tomorrow. We favor pur-
chases early tomorrow. In our cotton oil
letter of October / we stated a 50 or 100
point advance in December was possible
this week. 1t was then 10000, it sold to-
day at IL 43c. We think 12c likely this
week. We favor purchases Of December
early tomorrow.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
BULL|SH INTERESTS
ABSORB OFFERINGS
Cotton Market Receivers
From Decline Caused by
Submarine Operations

New Orleans, october 10.-Persistent alb
sorbtion Of all offerings by powerful bull
ish interests and the refusal of the spot
markets of the south to follow the decline
of yesterday in the future market, or to
weaken in any way because of the opera
ton of submarines, caused a strong mar
ket in cotton today. In the last few min
utes of trading prices spurted upward
with a great show of strength, going to
level 81 to 50 points above yesterday s
close. Much of the later buying was for
the account of bear traders who were
caught short. The close was officially
toned firmed and prices showed net adj
vance of 81 to Sc points.
Liverpool was much better than due,
which caused the market to open at the
advance and rise II to u points in the
early trading. Spot accounts increased
the rise to 16 to 10 points by noon.
The advances in spot quotations at
many marketing centers of the south and
claims from many sections that farmers
had sold enough cotton at high prices to
be able to hold the remainder of their
crop for prices of their own naming,
caused much comment and led to heavy
buying.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
FINANCIAL MARKET
TONES DOWN AGAIN
Alarm Occasioned by Ger
man Submarine Opera
tons Has Ceased

New York, October 10.-The quakes
and tremors experienced by yester-
days stock market were lacking to-
day. trading proceeding in orderly
fashion and for the most part to high
er levels. The alarm occasioned by
Germany's submarine operations
seemed to have subsidized, though an
undercurrent of caution was Indicated
especially in the final hour, when
United States Steel and other leaders
yielded point or more of their best.
General or public interest in the
market doubtless received a check in
consequence of yesterdays enforced
liquidation, but the technical situation,
In the judgment of impartial OBJ
servers, has been strengthened. Stocks
have gone into stronger hands, there
by minimizing the danger of such re-
Versals as accompanied yesterdays
early trading.
A noteworthy feature of the dealings,
which again attained the large total
of 1.245,000 shares, was the activity
and strength of many moderate and
low priced railway issues, embrace
ing most of the roads traversing west
ern, southwestern and southern ter
from 1 to points and were account
ed for in large part by the publ
cation of the annual statement of the
Southern railway, which showed net
earnings of s9,245,703, an increase of
$7,722,334 over the previous year.
Other strong features included the
sugar and gas issues at gains of 2
to 6 points; American Hide and Leath-
er preferred. which rose points, New
York Air Brake, Studebaker and Max
well Motors. International Paper COM
mon and preferred. Union Bag and Pa
per preferred, American Zinc and lead
ing coppers.
United States Steel made an extreme
gain OF ia points and Reading, Lee
nigh Valley and Union Pacific were
better by as much as points. Marines
and allied stocks rose to points, but
shaded at the close
Bonds were strong with extensive
trading in railroad issues, the fea-
ture being Southern Railway As, which
rose points on the companys favor
able statement. Total Sales par value,
s5,O65.0oo.
United States bonds were unchanged
or call.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
NEW HIGH RECORDS
ON COTTON MARKET
General List Closed Steady
at Net Advance of SO
Points

New York, October 10.-The cotton mar
ket not only recovered yesterdays losses
but new high records for the season
were established on the most of the ac-
tive positions with January selling up to
17.34c. or fully 50 per bale above yester-
days level. That delivery closed at 1906
with the general list closing very steady
at net advance of q to 80 points.
The market opened steady at an ad-
vance of to 10 points The firmness
abroad was offset to some extent by
feeling that higher insurance rates should
mean wider differences between foreign
and American markets. Private cables,
however. attributed the strength of
Liverpool partly to a further advance in
Egyptian, and there was renewed de-
mand from trade sources around the local
ring. After showing a net advance of
10 to "A points. prices reacted slightly
under realizing by buyers on yesterdays
break, and there were reports of increased
southern hedging. The offerings were
very well taken on setback of or 10
points and the market firmed up again
during the afternoon owing to the
strength of near positions which relieved
apprehensions that export cotton was to
be rendered on contract, and reports that
vessels were clearing much as USUAL
There were also rumors that the big adj
vance in war risks, due to yesterday S
submarine scare. had not been fully main
tanned, and buying became very active
in the late trading. This was supposed
to include rebuying by people who had
taken profits on long cotton on the break
of the previous day as well as covering
Of shorts and continued demand from
trade sources. December sold up to l7.44c
and March to 17.45c, with the general list
showing net gains of 80 to Al points in the
late trading. -4le close was shade off
from the best under realizing. December
at one time today sold at 16 points over
January and point above March. but
the differences showed tendency to
widen when general business became more
active during the afternoon.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
WHEAT MARKET ON
UPWARD TENDENCY.
British Government to Take
Over Entire Import
Business

Chicago, October 10.-Wheat ascend
ed in value today, helped by word that
the British government would take
over the entire wheat import business
OF the United Kingdom and would see
that ships were provided for carrvjn :,
the grain. Prices, although nervous At
the close, We're * 02%c net higher
with December at $685. and Nav at
Sl.5Sss Corn gained q "a &c to q a "a c
and oats % PC. In provisions the out
come ranged from 15c decline to a rise
of 71ac.
Even without the stimulus of the
action decided on by the British gov
eminent the wheat market had an m
ward tendency throughout the day.
Higher cable quotations and a continu-
ance of the Argentine drouth gave an
impulse to buying at the outset. and it
seemed evident also that traders were
becoming less apprehensive as to the
bearish influences of submarine activity
on this side of the Atlantic Besides.
the comparative scaHtiness of stocks in
the United States was emphasized by
figures showing that the entire do
nestle spring crop yield for 1915 was
only 100000 bushels more than North
Dakota alone raised last year. 1t was
not, however, until announcement came
of direct government control of all
British wheat import facilities that the
most active buying of the session took
place.
In connection with the change in
British import methods reports were
current that wheat supplies on hand in
Great Britain had not been of sufficient
volume to be satisfactory and that the
necessity of assuring material add :
tons requesting the exercise of power
to commander at pleasure and to re-
QUESTION freights in summary man
ner. Such gossip all tended to encour-
age the bulls here, but more especially
so the prospect of a quick increase of
the number of vessels available for
the transport of wheat. ~
Most of the strength of corn was de-
rived from wheat. Bears were also
Handicapped, though, by liberal export
sales of corn. Oats reflected upturns in
other cereals. Shorts covered freely.
Provisions averaged higher, notwith-
standing weakness in the hog market.
An advance in provision prices at Liv-
erpool tended to lift the market here.
Future quotations were as follows:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
Coffee Market

New York, October 10.-The market
for coffee futures opened at unchanged
prices to decline of points, under
scattered selling, which was probably
inspired by reports of an easier tone in
the cost and freight situation late yes
terday. Offerings did not seem to be
particularly heavy, but there was very
little support in evidence and after
some little irregularity, the market
eased off to S.70c for March and S.75c
for May, or about s to 10 points net
lower. The close was point or two up
from the lowest on covering with prices
showing a net loss of to points.
Sales, 21,250. Closing bids: October,
S.75c; November, S.75c; December, S.69c:
January, 5000; February, $500; March,
S.70c; April, 8.74c; May, S.7Sc; June,
S.S2c; July. 8.S7c; August, S.s1c; Sep
TENDER. $3.50.
Spot coffee steady; Rio rs, 95sc; San
tos As, 1ssc. Cost and freight offers
were unchanged to a shade higher.
Sales of we'll described As were re-
ported yesterday at 10.25c London cred
its. but the days offers ranged from
1890 to 109sc.
The official cables reported no
change in the primary markets, but an
advance of lie pence in Rio exchange
on London. Brazilian port receipts,
$4,000; Jundiahy. $4,000.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
Produce KarkE

New York, October 10-Butter, steady;
receipts, 2O,6OO. Creamery, higher than
extras, 351k@36c; creamery extras ts2
score), CSC: firsts, 34@341sc.
Eggs, irregular; receipts. 1888; fresh
gathered, extra fine, Ss@4Oc; extra firsts,
S7@3sc: firsts, 33@36c; seconds, s1@3Sc.
Cheese, steady; receipts, 6962; state,
fresh; specials. 21@21Ac; specials, average
fancy, 20s4c.
Live poultry, prices not settled; dressed,
quiet; chickens, 19@2Sc; fowls, 17@231ac;
turkeys, 25@35c.
Kansas City, October 10.-Butter, cream
cry 3sMc firsts, Sic; seconds, 291sc; pack
ing, 271Ac.
Eggs, firsts, sic.
Poultry hens Ice; roosters. 111sc; broil-
ers, 191ac.
St Louis, October 10.-Poultry, I'M
changed, except geese lie; butter, cream
cry 34@35c eggs, unchanged
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
Fruits and Produce
(VE OuofaftopnA

Oranges-California, box $595.50.
Lemons-Imported, box, So.
Limes-Per 100. S1.25Q1 so.
Apples-Virginia, barrel, s450d5.
Grapes-California malaga, crate, 500.
Pears-California Bartlett, crate, $3.50.
Plums-California red June, crate. s2.2A
Cantaloupes-Flats, 75c@$1.
Irish Potatoes-White stock, bu., SLIGO.
Sweet Potatoes-Yams, bbl, s202. 25
Onions-California yellows. h., sac
Onions-Spanish. crate, s1.S5.
Cabbage-Colorado. 31ac e
Grapes-Pony baskets, zoe.
Celery-Colorado, crate. S. dozen. ST.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
LEGAL NOTICES

Notice
State of Alabama. Jefferson County-Es-
tate of George j. Nagel, deceased
Letters documentary upon the last will
and testament upon the estate of said
decedent. having been granted to the I'M
dersigned, on the Sd day of October,
1916, by the Hon. J. P. Stiles, judge of
the probate court of Jefferson county.
notice is hereby given that all persons
having claims against said estate will
be required to present the same within
the time allowed by law. or that the
same will be barred. w. #. NAGEL.
10-4-3t-we Executor.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
Flour and Feedstuff

Self-rising flour. high grade. $SS5;
medium grade, 1856; Tennessee flour,
s. 40; Michigan flour. $40; hard winter
wheat flour. $3.50; spring wheat flour.
s. 40; Illinois flour, $40; Idaho flour,
$3.50; pure wheat shorts, $36@38; pure
wheat bran, $31; cotton seed meal, 71a per
cent, $34; Creme cotton seed meal, $26; cot
ton seed huls, ST. lintless hulls, SIS; No.
timothy hay. $22: new pea green alfalfa,
So; southern alfalfa. $40; mixed alfalfa
and Johnson grass. $1s. Caffir corn and
milomaize, 81; No. Johnson grass, s14;
wheat straw, S13. Wheat, per 100 lbs,
$3.50. Mixed feeds, s36q4o; No. 2 white,
oats, per bushel, &c. Corn. per bushel,
$1.16 Cornmeal, 2-bushel sack, $215;
corn chops 100-lb. sack s2.15; corr feed
meal, s34. Poultry food. $2.35 per sack;
dairy food. sS1.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
Notice

State of Alabama, Jefferson County
Mrs. M. e. Harris, Deceased. Estate
of.
Letters testamentary upon, the last
will and testament upon the estate of
said decedent, having been granted to
the undersigned, on the 7th day of Oc-
tober. 1916, by the Honorable j. p.
Stiles. judge of the probate court of
jefferson county. Notice is hereby
given that all persons having claims
against said estate will be required
to present the same within the time al
lowed by law, or that the same will be
barred. GEORGE G. HARRIS,
l10-11-St-We Executor
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11

turing and export circles was needless.
Liverpool naturally advanced on the diff
ficulty of importing cotton, and arbitrage
brokers were the best buyers until the
afternoon when the local traders led thd
market into new high prices for the near
positions. Western and Wall street buy
ing followed their lead and were thu
principal buyers. Spinners did not buy
as much as they did yesterday.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
Ayery's Letter

1t transpired today that there was con-
siderable short selling yesterday in ad-
dition to the liquidation by scared longs
on the submarine incident. Bears sold
q gain TODAY on all hard spots, but the de-
n,and through the larger spot houses,
like Wathmey & Weld. was so constant
that shorts ran to cover, making new
highs. Very bullish spot news contributed
to thes trength. advances from II to %
points UP being reported at eight differ
emit places Sold out longs replaced their
contracts and the market on thee lose to-
night looks like it is on Its way up
wards toward the 20-cent mark, which
expect to see at no very distant date.
Advise purchases on any moderate set
back.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11

men, demand, u 1-16; cables, u 3-16. Gull
ders. demand, 40s cables, Al. Lires, de-
mand, 64Sls; cables, 6471A Rubles, de-
mand, S21s; cables, 9174 Bar silver, 671sc;
Mexican dollars, SIC. Government bonds
steady. Railroad bonds strong. Time
loans firm; 60 and 80 days, $685. per cent;
six months 31z@3s4 per cent. Call money
firm; high, 31s per cent; low, 2 per cent;
low, ruling rate. 81 per cent; last
loan, per cent; closing bid, 2921z per
cent; offered at 2A per cent.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
stockholders Meeting

Notice is hereby given that the annual
meeting of the stockholders of the North
Birmingham Land company will be held
at the office of the company in the city
of Birmingham. Alabama. on Thursday.
October u. 1876 at II o'clock a. M, for
the election of directors and such other
business as may be brought before the
meeting. FRANK NELSON, JR.,
President.
W. II. DURAN, Secretary-Tre
9-27-c9-10-1-3-5-7-9-u
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
Shipping Is Careful

Mobile, October 10-(Special.) 1.-The big
British liner Asian of the Leyland line.
loading lumber. cotton and general mer-
chandise for the United Kingdom, before
sailing Tuesday afternoon. decided TO
take a different route. The Asian loaded
enough Alabama mined bunker coal to
take her to Liverpool. thereby avoiding
the usual call at Newport News or Nor
folk for additional fuel. The company
will not take a chance sending the $780,
ton vessel through the present submarine
infested area off the United States coast.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
Coal Advances

Mobile October 10.-The price of steam
coal delivered in Mobile has advanced
100 per cent in the last few days. Coal
which a little time ago sold for SIPS per
ton at the mines, now brings twice that
amount. Car shortage is assigned as a
cause for the mine owners raise in price.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
New Orleans Futures
New Orleans Cotton

New Orleans, October 10-Spot cotton
steady and unchanged. Sales on the spot,
80; to arrive. $50. Good ordinary, "A csc;
strict good ordinary, 15.1sc: low middling,
1e.6sc; strict low middling 10. csc; mid =
ding, 1910: strict middling, 49, 3sc; good
middling, 1860; strict good middling,
16.slc. Receipts, 22,1SO; stock, 21s,832.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
Hubbard Bros. & Co.'s Letter

New York October 10.-(Special AL
thought marine insurance rates have been
sharply advanced and steamers are still
held in the ports, the trade has reached
the conclusion that the attack of the SUBJ
marine was only an incident and will
not occur again. SO that any idea that
it might causf any hesitation in manufac-
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
Chicago Grain

Chicago, October 1o.-Wheat: No. 2 red,
s.. 60dS1. GIN; No. red, $1.52@1.5T1a; NO. 2
hard, 81. 621kG1.65. Corn: No. yellow
s9@9s1kc; No. A yellow nominal; NO.
white nominal. OATS No. white, 4714@
a4sc; standard, 4S@4s1ac. Rye: No 2
S27. Barley. 73c@1.14. Timothy, $500
AIS. Clover, $11@14. Pork, $3.50. Lard
nominal. Ribs, $13.S7@14.25.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
Metal Market

electrolytic nearby nominal, first quarter,
SGT .5o@2s. Iron unchanged and steady;
metal exchange quotes tin strong; spot,
s8@45. At London, spot copper, 4l2a'
futures e119; electrolytic, E2; spot tin'
e1s1; futures, f1S1 los. The metal ex-
change quotes lead $7@7lo; spelter qulet'
snot East st. Louis delivery, 10. At
London. lead ESQ lis; spelter, ESQ.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
Sugar Market

New York October 10--The local mar
ket for raw sugar was strong and prices
were Il cent higher on sales of 5000 bags
Of Cubas to a local refiner for prompet
shipment at 1-16c, cost and freight,
which is equal to Cos for centrifugal
asses. Yesterday and early today sales
were said to amount to about 100000 bags
of Cubas centrifugal for prompt and vari-
GUS shipments at sc, cost and freight
equal to 6.02c for centrifugal. The market
closed firm with holders asking SIS cents
for Cubas. although refiners were not in
clined to pay above 5-l6 cents.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
Kansas City Grain

Kansas City, October l0.-Cash wheat:
No. hard, $1.544164; NO. RED sl'oooD
60. Corn: No. mixed, S4aS51ac; No. 2
white, S51ac: No. yellow, SEC. Oats: NO.
2 white, 47@471ac; No. mixed, 45@4sl4c.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
ST Louis Grain

st. Louis, October 1O.-Wheat: No.
red. s1.sS@1. 20; No. hard, $1.621sd1 70;
December, s1.577s. Corn: No. 2, S71ac; No.
2 white, S71s@SS1ac; December, 76}s@764c.
oats: No. 2. 461kG47c; No. 2 white. 4S1sc;
December, 48Ac.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
Hubbard Bros. e Co.

Members New York Cotton Ex-
change New Orleans Cotton Exchange,
New FORK produce Exchange. Associate
Members Liverpool Cotton Association:
j-sale OF Cotton and Cotton Seed OIL for
2future delivery. Special attention and
4 liberal terms given for consignments OF
spot cotton for delivery. Correspond
onca invited.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
Sugar and Cereals

Granulated sugar. sL75 cwt.. I. o. b.
Birmingham.
Choice Rice-s5.50 per cwt.
Fancy Rice-S6 per cwt.
Extra Fancy-$6.50 per cwt
Grits-$2.25 s6-lb. bag.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
Cotton Seed Oil

New York. October 10,-Cotton seed oil
was active with prices touching new high
levels Shorts covered freely and there
was a broadening of outside buying of
the investment sort encouraged by the
strong crude situation and big upturn in
cotton. Final prices were 81 to AZ points
net higher. Sales, $4,000 barrels. Spot.
11.50c bid; October, 11.65G11. soc; Novem-
Der, 1.37dl1. 40c: December. l.2s@11 soc:
January, 1l.26d11. 23c: February, 11.27@
l1.aoc; March. 11.4oGal1.4lc; April 11.40Q
u.5oc; May, l1JOq1l.5sc. Total sales. ST.
100
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
Fish
+ IbII
CWholesale Selling Prica)

(WhoIesaIe SeIIlng Prlc01
Perch SIC.
Salt Water Trout-12hc.
Red Snapper-111sc small lots.
Gray Snapper-7c.
Mullet-6@61ac.
Spanish Mackerel--121f01Sc.
Shrimp--121ac.
Sheephead-Sdc.
Virginia Croker--ec.
Pompano-30c.
Oysters-Eastern select, sl.75 gallon.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
New York Futures
Interior Movement

New Orleans: Middling, 1910; receipts,
%, 1867 sales, 1850; stock, 219,S32.
Galveston: Middling, 16.45c; receipts,
s4,970; exports, 1928; sales, 2S7o; stock,
&S,74S.
Mobile: Middling. 1880; receipts, 1914;
sales, ID; stock, 1857.
Savannah Middling. 16.75c; receipts, 49,
006; exports, 100; sales, 1888; stock, 1884, SSl.
Charleston: Middling, 1910; receipts,
1904 stock $685.
wilmington: Middling, 1890; receipts,
664; stock, 1884
Texas City: Receipts, 1890.
Norfolk: Middling, 1860; receipts, 4162;
sales, 1864; stock, $3.50.
Baltimore: Stock, $3.50.
Boston: Middling, Tic; receipts, 81;
stock, 1900.
Philadelphia: Middling, 1850; receipts,
$50: stock. 1862
New York: Middling. 1890; receipts,
GA: exports, 500; stock $3.50.
Minor ports: Stock. 3S,5E.
Total today: Receipts, 1882; exports,
rs, 4s3; stock. 995,350.
Total for week: Receipts, 1925; ex-
ports, 500.
Total for season: Receipts, 1.7se,144;
exports, 1,102,262.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-11
English Money

London, October 10.-Bar silver.
80 slid per ounce. Money. Az per
cent. Discount rates: Short bills u 90
5ss per cent; three months, 5k @59s
per cent