davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1916-12-05
COTTON MARKET
 STILL ON DECLINE
Selling Movement Sends Prices Down, But Rallied
 in Late Trading

New York. December IA sharp further decline at the opening of the cotton mar ket today was followed by rallies with the close steady, net unchanged. to points lower. After selling at 2O27c early. or about 12S points under the high record of last Monday, May contracts rallied to 2o51c and closed at 2O5Oc. The market opened steady at a decline of Il to 26 points with active months selling 23 to 26 points under Saturdays final figures dur ing the first few minutes. Relatively easy cables and the appearance of Liver pool selling orders seemed to promote q scattering liquidation, while there was selling by local traders, who seemed to be influenced by reports of unsettled po- litical conditions abroad, submarine ap- prehensions and conflicting private crop estimates
 At the decline to 1s.S6c for January and 20. .06c for March or of approximately s6. 50 per bale from the recent high level. how ever, the market was steadied by cover ing and buying for reaction Reports of continued steadiness in southern spot markets encouraged the buying movement and after the close of Liverpool prices rallied. Demand failed to broaden much and moderate setbacks followed reports of advanced rates for call money during the middle of the afternoon, but the mar ket seemed to be receiving support from some of the spot house brokers and the highest prices of the day were reached in the late trading. January sold up 10
 o.07c and March to 2o.30c and the close was within point or two of the best, Two private crop estimates were pub lished before the opening, one by a local authority placing the yield at il, ,136. .oOC bales and the other by South Carolina house making it 11,85Oo0o, both exclusive of linters.
The Birmingham age-herald., 1916-12-05
HIGH MONEY RATE FEATURE OF MARKET Active Trading on Stock Ex- change With Gain in
 Standard Stock

New York, December 4.-Call money 8 rise to 15 per cent, the highest rate in more than three years and exceeding by per cent the maximum quotations at tained during the first week of the war, was the overshadowing and disturbing feature of todays active market
 The furry, which was regarded as tem- porary, the final quotation being ' per cent-was accepted as a sequel to the steady impairing of local cash holdings. Since the first week of November actual reserve of clearing house banks suffered a reduction from $124O0O,000 to the $41,O0O ,- coo reported last week.
 Much of this shrinkage results from the distribution of money to banks at other reserve centers and heavy direct payments to the interior for supplies, largely exports. In addition much monay is tied up in various syndicate opera : tions, yet to be concluded.
 Unless the unusual signs fail, today s strngency Is likely to relax very soon by reason of further heavy gold imports. An additional $500VJ a of the metal is expected during the week from Canada and more than $3J,G00,000 gold from Rus sia, now coming from the Pacific coast, should find reflection in next Saturday s bank statement.
 Stocks were strong during the fore- noon, with renewal Of last weeks in- quiry for low priced rails, well as coppers and other metals, oils, sugars, tobaccos the leather group and less spe- cifc issues Extreme gains in these stocks ranged from a point or two in rails to 3 points in Ohio Gas at the new rec ord of 124A with a new maximum for Columbia Gas at 54s.
 Total sales of stocks amounted to 1, ,44O,- 900 shares.
 Teutonic exchange registered another new discount with no material change in rates to London and Paris
 International bonds were less active, but barely steady
 Total sales of bonds, par value, $4, o. O0O
 United States bonds were unchanged on call
The Birmingham age-herald., 1916-12-05
Chas. Fairchilds & Co.'S Letter

New York, December 4.-(SpeciaL)
 Early weakness in the cotton market today was followed by moderate rallies, succeeded by numerous periods of hesi- tation. Call money worked up at one time to Is per cent. This caused some liquidation in stocks and affected cot ton at a time when the market had q sold out appearance and local shorts apparently on the point of running to
 cover. A decline of about 12 points was followed by rally in the closing hour, which carried prices above the previous highs of the day. Call money was later offered at 6 per cent, which doubtless helped to stimulate prices.
 The market, since the close Monday,
 has advanced about 1S3 points. No req son exists in fact for this beyond that a goodsmany interests which were heav- | fly long of cotton took advantage of
 sensational advance of 10 days ago to liquidate and have since kept re- iligious1y out of the market. Their att titude encouraged minor interests not
 only to liquidate longs but to sell short. Consequently from our viewpoint the cotton market is in a far healthier con- dition than has recently been the case. Big interests are in position to buy and
The Birmingham age-herald., 1916-12-05
FL.UCTUATIONSON
 MORRIS AVENUE
Prices in Meat Market Are Slightly Off-DrOp in
 Lard Noted

Prices in the local meat market are slightly off Tuesday. drop having been noted Monday afternoon on lard and other products. Pure lard is now quoted at lShc. having dropped from 1s1zc. Skinned hams are off cent, being quoted at 21 cents and pork trimmings are quoted at IA cents flat.
 Quotations in other markets remain practically unchanged. with exception of a slight fuctuation in creamery products. Creamery butter is quoted at 40 cents, and cream cheese has dropped from g cents to q cents.
 Business was rather quiet on Morris avenue Monday, but an increased demand is expected with the opening of busi- ness today.
The Birmingham age-herald., 1916-12-05

we have been telling you that brokers and money lenders had about all of these securities that they could com fortably take care of and today's i5 per cent rate shows evidence of that fact. Just what will cure the situation it is difficult to say. A drastic liqui- dation would bring this about but it will be hard to get that in the face of present earnings for industrials. Gold is coming In in volume and will continue to do so. This Is a good stimulant but comes at a time when the money market is badly strained, and 1t will take sometime for it to effect results.
The Birmingham age-herald., 1916-12-05
Mercantile Paper

New York, December 4.-Mercantils paper, 31s per cent; sterling, 6O-day bills, $4.71 F commercial, 60-day bills on banks, $4.71; commercial 60-day bills, $4.70& demand, $4.759 cavles, $4.76as. Francs, demand, 5.S5; cables. 5.S4.. Marks, demand, 65%; cables, 65%. Kronen demand 11%; cables, 777. Builders, demand, 40A; cables, 407s. Rubles, demand, 29A; cables, 30. Bar silver, 75c; Mexican dollars, 57 c. Gov ernment bonds steady; railroad bonds irregular. Time loans firm; 50 days, f @4A per cent; 90 days and six months, 4A CHA per cent. Call money stringent; high 15 per cent; low, per cent; rul- ing rate, per cent; last loan, per cent; closing bid, 6 per cent; offered at ' per cent.
The Birmingham age-herald., 1916-12-05
Ayery's Letter

The high call money rate, which rose to 15 per cent today. is the pri- mary influence for today's weakness in the stock market, which also found reflection in commodity prices. Though cotton and grain rallied slightly, be- cause of technical conditions in these two markets
 Prices in cotton may rally still fur ther from short covering and the process of discounting a government estimate below private guesses
 I still adhere to the opinion that we have seen the crest of the bull move for the present, at least, and ad- wise sales on the bulges in preference to purchases on the break.
The Birmingham age-herald., 1916-12-05
Liverpool Cotton

in moderate demand; prices lower good middling, 12.09d; mlddling, 11.99d; low middling, 11.SSd; sales, 5000 bales including 8100 American receipts, 5000 bales, including 4600 American; futures closed steady. Close: December, 11.73d; December and January, 11.73d; Janu- ary and February, 11.7Sd; February and March, 11.S6d; March and April, 11.95d; April and May, 12d; May and
 June, 12.09d; June and July 12.09d; July and August. 12.09d; August and
 September, 11.7Sd; September and Oc- tober 112Sd October and November, 11.10d; November and December,
The Birmingham age-herald., 1916-12-05

doubtless will act progressively between
 now and December l. when the govern ment estimate will be issued. We look
 for a report of not over II 900, ,000 bales, exclusive of linters. We believe in purchases on all very moderate breaks from present levels. with the idea of
 riding long over both the ginning esti-
 mate reports. We thing the estimate will be very bullish and inspire world
 wide buying of cotton. This is not
 year for bulls in cotton to display any permanent timidity. Reactions are logi- cal and healthful, but in no way lessen
 the fact that cotton is more than ever a necessity and is still cheap. Cotton oil is hanging fire. We believe the market is oversold and look for
 shrap rally any day We favor purchases of May.
The Birmingham age-herald., 1916-12-05
E. F. Hutton & Co.'s Stock Letter

Furnished by c. r. Avery's private wire.
 New York, December 1.-The stock market has had the evidences of q money panic since the stock exchange opened For weeks reserves have been running down and loans been running up, and with the enormous expansion in general business and the big vol ume of stocks that have been sold by Europe, Wall street Is carrying the largest load 1t has ever carried. In the recent speculation the activity has been in stocks chiefly that have not a past reputation to establish their value as collateral. For many weeks
The Birmingham age-herald., 1916-12-05
Hubbard Bros. & Co.'S Letter

New York, December 4.--Liquidation in Liverpool on stop orders of cotton held for the account of London peo- pie made quite a demoralized market there at one time. Here we fell some % points before the decline was checked on the buying by the local traders, who felt the decline abroad had been too rapid and that we would have a reaction, in which idea they were correct.
 Higher rates for money, due to the high cost of all articles caused a mo- mentary furry, but the local trade does not look for any immediate de- cline. They are awaiting the ginners' report at the end of the week and the government crop estimate later.
The Birmingham age-herald., 1916-12-05

sales S74; stock, s9 9,2ss.
 Baltimore: Stock, 793s.
 Boston: Middling, 20.15c; receipts, 536; exports. PISA; stock, 74O0.
 Philadelphia: Middling. 20.35c; receipts 127; exports. 40iO; stock, 1929.
 New York: Middling. 20.10c; receipts 200; exports 9I65; stock, 1452i4.
 Minor ports: Receipts, 13.S21; exports 13s21; stock. 54.661.
 Total today: Receipts, 42,59S; exports 37 346 stock, 1,504,645.
 Total for week: Receipts, 9S,5s8; ex- ports. 59,615. ports. 2.54027O.
The Birmingham age-herald., 1916-12-05
Interior Movement

Houston: Middling, 19.90c; receipts, 20,S25 shipments, 17,514; sales, SIPS; stock, 2S3964
 Memphis Middling, 2O25c; receipts, 11,7o5 shipments 10.314; sales, 1900; stocks, 268,S59.
 Augusta: Middling. zoe; receipts. 1733; shipments, 7sO; sales, 275; stock, 14S,- I516.
 St. Louis: Receipts, S625; shipments, 270; stock, 29.265.
 Cincinnati: Receipts, 3S95; shipments, 256; stock, 16,513.
 Little Rock: Middling, 20. soc; receipts, 14SS; shipments, 2S93; sales, 2393; stock. 55,90S.
The Birmingham age-herald., 1916-12-05
Metal Market

New York. December 4.-Copper firm; electrolytic, first quarter, $3450; sec ond and third quarters, $32.50 O 33. 50. Iron firm; No. 1 northern, $29.5O@3O.0; No. ?, $2900@ 29.50; No. 1 southern, $2S50 @29.00; No 3. $2S.OO @2S.50. Metal exchange quotes tin quiet at $4475 o 45.25 At London: Copper, spot, f151; futures, f142 los; electrolytic, f170; spot tin. f1S9 5s; futures f190 15s. The metal exchange quotes lead, s7.40@ 7.65. Spelter easy. Spot, East St. Louis delivery, 125s @12A At London lead f30 10s; spelter, EGO los.
The Birmingham age-herald., 1916-12-05
Live Stock

Chicago, December 4-Hogs: Receipts, 60,O0o; market, weak, at 5c above yester- days average; bulk, $9.20G9 30; light ss. 60q9.70; mixed. $9 .1O@1O; heavy, s9. 400 10; rough, ss. 4o@9 .55 pigs, $6. .25@s. .4o
 Cattle: Receipts, 9O,0o0; market weak;
 native beef cattle, $6.9o@12. 60; western
 steers, $6 9Oq1O. 50 stockers and feeders,
 s4. 6o@7.75; cows and heifers, $3.S5@10; | calves. $9. .75013 .25.
 Sheep: Receipts, So,OO0; market, firm; wethers, $S. .25Q9 10; ewes, $4.75@S 50; lambs, s9. 9Od12. 65.
 St. Louis, December 4.-Hogs: Receipts 31 100; market, 1oc higher; lights, $9. .35@ 9.9O; pigs, $7@S.75; mixed and butchers,
 g. .2o@10; good heavy, s1o@10.1o; bulk, $9. Q995
 Cattle: Receipts. 1O,100; market slow, steady; native beef steers. $7.50@11 .75; yearling steers and heifers, sS. 50@11 50; COWS, s5. 50@7.75; stockers, $5. .3O617. .25; Tex as quarantine steers, $5.50@S; prime south
 ern beef steers $SQ9; cows and heifers.
 $G. .7od7 ,75; prime yearling steers and heif- CTS, $7. .50@9; native calves, $6911. .75. Sheep Receipts, 1700; market, steady;
 lambs. s750@12s5; ewes. s3. 75@7. 60; yearl- ings, $q9.
 Kansas City, December 4.-Hogs: Re ceipts, 10000; market, 10c to 15c higher;
 bulk, S9. 40Q9 90; heavy, $9.80Q10; packers and butchers, $9 70@9 95; light, $9 25@9. 80; pigs, $SQ9.
 Cattle: Receipts, 120Oo, including 12Oo southerns; market, steady; prime feed steers. s10.5O@12; dressed beef steers, s7.50 @10. 35 western steers, s6.50d10.25; south ern steers, $5.75@S. .25; cows s4.75dS .25; heifers, $6G1025; stockers, $5.50750; bulls, $5. .25Q6.75; calves, $6. 50a11. Sheep: Receipts, $500; market, 10c to 15c higher; lambs, $11 .50Q12 40; yearlings, $9Q 1925; wethers, s7.75@S.75; ewes. s7 .25qS .25; stockers and feeders. $5.50G1110
The Birmingham age-herald., 1916-12-05
New Orleans Futures
New Orleans Futures

New Orleans, December 4-Spot cotton quiet and unchanged Sales on the spot, l5o bales; to arrive, 1475, Good ordinary, lS3Sc; strict good ordinary, 1SSSc; low middling, 19.38c; strict low middling, l963c; middling, 19.88c; strict middling, 2o07c; good middling, 2O25c; strict good middling, 20.50c. Receipts, S760; stock 461, 065
The Birmingham age-herald., 1916-12-05
New York Futures
Port Cotton Market

New Orleans: Middling, 19Ssc; receipts S76o; sales, 1925; stock, 461 o65.
 Galveston: Middling, 20.25c; receipts S903; exports. 7SS6; sales, 1745; stock, 97s, ,361 Mobile: Middling, 19S7c; receipts, 263 stock, 1S,027.
 Savannah: Middling, 2o25c; receipts 4653; stock. 213,45S.
 Charleston: Middling. 2Oc; receipts 1852; stock, S1,S39.
 Wilmington: Middling, 19ac; receipts PIP; stock, 46117.
 Norfolk: Middling, 1s.50c; receipts, s711;
The Birmingham age-herald., 1916-12-05
Kansas City Grain

Kansas City, December 4-Cash wheat No. hard, $1.69Q1.76; No. 2 red, S1.69@ l.73; Mo- 3, $1.65Q1.71. Corn: No. ? mixed, S1qSSc; No. 3. S61a@S7c; No. 2 white, SS0 Ssc; No. 3, S7QS71ac; No. ? yellow, SS@ SS1sc. Oats. 1ac higher; No. 2 white, 55c. No. mixed, 52@53c
The Birmingham age-herald., 1916-12-05
Rice Market

New Orleans, December 4.-Rough and clean rice were easier today. Receipts: Rough, 5000 sacks; millers, 662S sacks; clean, 7oO4 pockets Sales: Rough Japan, 5l0 sacks; blue rose, S71 sacks; clean Honduras. SOl5 pockets; Japan, S7O pock- cts; blue rose, 3477 Quote Rough Hondu- ras, 4AQ5Ac; Japan, 3AQ31ac; blue rose, slAqS4c; polish, per ton, S34a36; bran, S23Q26.
The Birmingham age-herald., 1916-12-05

prices were 45sc for Cubas cost and freight, equal to 5.64c for centrifugal and 477c for. molasses.
 The market for sugar futures was firmer in sympathy with raws and prices closed ? to points net higher, on cover- ing, and some support from Cuban inter- ests. The sales were TOO tons, which included considerable switching from De- cember to January and March. December sold from 4.79c to 4.75c, closing 4.76c; Jan uary 440c to 436c. closing 440c; March 411c to 4.O6c, closing 4.10c; May, 411c to 409c; closing 4.14c; July closed 419c
The Birmingham age-herald., 1916-12-05
Produce Market

New York, December 4.-Butter steady: receipts 5n9; creamery, higher than ex- lras, 5912q4Oc; creamery extras, 92 score, o9c; firsts, 37AQ3S1Ac. Eggs unsettled receipts, 6269; fresh gathered extra fine. 'sqo0c; extra f1rsts, 46Q47c! firsts, 43a45c marks, fancy, 331aQ34c; seconds to firsts. seconds, 4OQ42c; refrigerator special Sl@34 Cheese steady; receipts, 1422 boxes. state whole milk, flats, held specials, 24% 42oc; do average fancy, 24Q241sc. Poul- try, dressed irregular; chickens, 21@30c | fowls, 16422c; turkeys. 1SQ2Sc. Live un- certain; prices not settled.
 Chicago, December 4.-Butter firm; creamery, 3SQ39c. Eggs steady; receipts, S3,04S cases; firsts, 3S1s@39c; ordinary drsts, 3oQ3Sc; at mark. cases included. 33QSSlac. Potatoes steady; receipts, 53 cars; Michigan. Wisconsin, Minnesota and Dakota white, $150Q1.65; Minnesota and
 Dakota Ohios. $1.5OQ1 60; Idaho and
 Washington white, s1.65Q1.75. Poultry, alive lower; fowls, 13@15c; springs, 15c
 Kansas City, December 4-Butter, creamery, 42c; firsts. 39c; seconds, 37; packing. 2914c Eggs, firsts 37c. Poultry, hens, 14c; roosters. n1ac; live turkeys, Pic.
 St. Louis, December 4-Poultry, hens, l1@13c; springs, 14c; turkeys, 11dl9c :; ducks, 1Sc; geese, 15c Butter, creamery, .Oc. Eggs. 36c.
The Birmingham age-herald., 1916-12-05
Cotton Seed Oil

New York, December 1.-The market for cotton seed oil was quiet. feature less affair, with prices changes small Operations were largely local, in the ab- sence of fresh developments Final prices were ? points lower to 8 net higher. Sales, 1S 400 barrels.
 Spot, 127Oc bid; December, 12.7O112. soc: 1: January, 12.72@12.74c; February, l265Go 126Sc; March, 12666l1267c; April, 12736 12. 74c; May, 1274a1275c; June. 12.7sQ12. soc; July, 1279Q12S1c.
The Birmingham age-herald., 1916-12-05
Chicago Grain

Chicago. December 4.-Wheat: No. 2 red nominal; No red, s1.5O; No hard. N.75q1.76 No. hard. $1.73a4. Corn: No 2 yellow, S9q9oAc; yellow, S6QS9Ac; No 4 white' sS1s@s9c. Oats: No. white, 511s0 53c standard, 5211@531hc. Rye: No. ,. S1.4. Barley, 90cQ$1.24; timothy, s s.250 $50; clover, $12@17; pork, $2S5 50; lard, $16.77; ribs, $13.50@14
The Birmingham age-herald., 1916-12-05

St. Louis Grain

St. Louis, December 4.--Wheat: No 2, I8i@192; No. hard $1.77@1,S2; Decem- Der, S7o Corn: No. ?, ss1aQSsc; No. 2 white, 9OQ91c; December, SSAc. Oats No. 9 5S1sc; No. 3 white nominal; December, 51Ac.
The Birmingham age-herald., 1916-12-05
Hubbard Bros. & Co.

Cotton Merchantn. Hanover Square, N. Y. Members New York Cotton Ex- change. New Orleans Cotton Exchange. New York Produce Exchange. Associate afiembers Liverpool Cotton Association. orders solicited for the purchase and sale of Cotton and Cotton Seed oil for future delivery. Special attention and liberal terms given for consignmsnts of spot cotton. for delivery. Correspond once invited
The Birmingham age-herald., 1916-12-05
English Money

London, December 4.-Bar silver, 35 13-16d per ounce. Money. "A per cent. Discount rates Short and three months, 5h @5% per cent.
The Birmingham age-herald., 1916-12-05
FOR SALE
10000 TONS JOHNSON HAY

Best feed in the world for it's cost. Average composition:
 Moisture ..14.30 per cent CRUDE FAT ............ 2.10 per cent CRUDE PROTEIN ...... NV pee mt Nitrogen Free Extract. eQ per cent Crude Fibre ....-.. 5p per eel mt
 All grades. Quoted basil ouyers st a. tion upon request.
 s. A. SCOTT. West POipt sises
The Birmingham age-herald., 1916-12-05
$SOOOO,OOO American Telephone & Telegraph Company
THIRTY YEAR 5 PER CEl


 DaedD Dec 1 DueDe 1andDe New York option the the city in at and up sixty days snoice
  y purchase Tn the market cal at 10 and interest coupon @ $500 without interchangeable COLONY BOSTON,
 Issue
  s ati % onag o % m deod 5 @ n of ares of @ the ng m eompas Bell Telephone and Telegraph Company Telegraph Telephone time be ppropiat padd been uniformly annually o the Telephone come interest charges and balance over interest charges as follows: Year Ending Dec Net
 
  During these  We the of about
  two o theey stockholders of the con- details WE OFFER THE ABOVE BoNIs FOR RPToN AT @ AND INTEREST Go a Tuesday December will be G.  h in of J. Morgan will lommt The applications than for Temporary certificates will be pending JP.MoRGAN & co.
 FIRST NATIONAL BANK " NEW YORK NATIONAL CITY CO., HARRIS FORBES & CO.,
 LEE, HIGGINsoN & CO., December r5,1
The Birmingham age-herald., 1916-12-05
Football Results

At Clinton, Miss: Mississippi college 26, Ouachita 0.
 At Philadelphia: Penn State college 40, Lafayette college 0.
The Birmingham age-herald., 1916-12-05
Naval Stores

Savannah, December 4-Turpentne firm, 491sq4sSc; sales. 9s; receipts, 52S; shipments, ITO; stock, 22.s22. Rosin firm; sales, l2s9 receipts. 2790; shipments none; stock, 92,s19 Quote: A, B, c, D, E, $625Q6.30; F, c. H, I. $6. 30; K, $64O; N, s676; we. H; wv. S20
The Birmingham age-herald., 1916-12-05
Coffee Market

New York, December 1.-The market for coffee futures was generally steady on moderate demand from Wall street and commission houses, but met some realizing in the late trading and ad- vances were not fully maintained. The opening was to 4 points higher and active months showed about to points above Saturdays closing figures during the middle of the day, with March touching S.33c and May S.49c. Some scat tered selling seemed to be promoted by reports of higher money rates during the afternoon and May eased off to 8.47c. The close was 1 to 3 points net higher. Sales, 10000; December S.07c January, S.15c; February, S23c; March, S.32c; April. S39c; May, S.47c; June, S53c; August, S64c; September, S.69c October S.74c November, 8.79c. The worlds visible sup ply statement showed an increase of 492164 bags for November compared with decrease of 32,319 last year, making the visible as of December 1, Il, Ill, ,4O1 bags against 10.430,S76 last year. Spot coffee dull; Rio Is, 9Ac; Santos As, 1O3sc. Cost and freight offers were reported Tn the market ranging from $500 to 1OO Tor Santos As, London credits. Bra zllian port receipts, 55.O00; Jundiahy, S6,- 000
The Birmingham age-herald., 1916-12-05
Sugar Market.

New York, December 4.-There was m change in raw sugar prices today, but the market closed with a firmer under tone and no sugars offering. There were sales of 2000 bags of Cubas for prompt shipment at 4ssc cost and freight equal to 5.64c for centrifugal md 5000 bags of molasses on the same basis. Closing
The Clay City times. [volume] (Clay City, Ky.) 1901-current, 1916-03-30
Good For You, Judge.

Judge Shackelford's action last
week in entering a rule againgt
those persons summoned for jury
service aud who failed TO obey
the summons, is u measure that
will meet with general approval.
1t has been customary for some
of those summoned for jury s-r-
vice TO absent themselves when
il suited their convenience, bur a
few stiff fines will break up this
pratice. Those who offended his
time were lef off on payment Of
the costs but were given lect-
IRE BY Judge Shackelford ON the
advisability Of obeying court
summons.