davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
Fairchild & Co.'s Letter

New York, October 19.-(Special 1.-The
cotton market today was an erratic af-
fair. Liverpoois early weakness resulted
in an opening decline in our market
Of about 20 points, A rs to 27-point rally
quickly occurred, followed by another de-
cline. Some of the leading bulls were
reported to have liquidated their lines
yesterday. Two or three of the most
prominent of the remaining local bull
element bid for cotton in big lots a little
under prevailing quotations, but in reali-
ty bought but little cotton.
The decline in the late afternoon was
due to rumored sinking of Cunarder in
the English channel, presumably by a
mine. This carried the suggestion of
resumption of German submarine activi-
ty and inspired liquidation and short SELL
ing However, the action of the market
today indicates the possibility of less
aggressive bull support temporarily. We
expect more of a two-sided market than
we have seen recently. We think favor
ably of purchases on moderate declines,
but on sharp bulges would take profits.
Ultimately. in our opinion, 20 cents or
higher will be realized but for the time
fluctuations as they occur without losing
faith in the inherent strength of the sit
uation and eventually much higher prices.
The oil market was easier today. De-
cember sold down to II .72c and closed at
HE; March from 11.91c to l1.12c, clos
ing at 11.Tc.. We favor purchases only
on a good break, which we think is inn
pending.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20

yesterday. the technical position must be
improved that much.
Spots held remarkably strong and IL
farmers viii Tighten up on such breaks
as this and not sell a bale at conces-
sions they will maintain prices.
Clevenberg said pressure was constant
from liquidation, and more hedge selling
was in evidence than for sometime.
Castles. Wall street, and the western
crowd are said to have the bag to hold.
However, they are some little bag hold
ers. They held it and pulled the string
on the bears in 1909 and 1910.
Believe in much higher prices, but the
market is in a process of readjustment
and much depends on the strength of
the present holders of spots and con-
tracts as TO whether the market will
advance to higher prices from these lev
els or have to back up in order TO
get a start.
Considering these things, it seems the
part of good sense to look on for day
or so until the trend is more clearly de-
fined c. F. AVERY.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
VIOLENT CHANGES
FEATURE MARKET
Cotton Prices on General
Downward Tendency and
Closed at Loss

New Orleans, October 1e.--violent
price changes featured the trading in
cotton on this market today with the
general tendency downward, the net
change for the session being loss OF
rs to 80 points. Liquidation of long
contracts was the main influence. and
at times there was heavy pressure
from it.
The opening slump caused excite
ment around the ring and gave the
market an unsettled tone for the whole
session. Around the first call trading
months lost S5 to 81 points, apparently
as the result of an accumulation OF
overnight selling orders. To all ap-
pearances many traders were waiting
for the break as strong buying sprang
up after it came and prices recovered
as quickly as they broke. On this up
turn the market went to points
higher than yesterdays close.
The advance was not maintained as
liquidation set in heavily again and
the tone became unsettled. Predictions
of frost in the belt tonight and detailed
weather returns showing heavy gem
eral rains in the central and eastern
belts yesterday were sustaining fea-
lures of some weight until in the aft
ernoon when the trade regarded unfa-
vorably rumors that private bureau
was out with report showing 100000
bales ginned to October II, much
larger amount than generally looked
for.
The reported sinking of a Cunard
liner also was received unfayorably
Prices broke to about the lowest levels
of the day, but recovered a few points
before the close. which was officially
toned barely steady.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
SETBACK OCCURS
IN LATE TRADING
United States Steel Strong
and Continued to Gain
Throughout Session

New York october 19.-In its essential
aspects, today's market was repetition
of Tuesdays session. the entire list los
ing ground in the final hour, after hay
ing registered numerous substantial ad-
vances. The setback was attributed 10
cables from London announcing the loss
of a British transatlantic ineY by q
mine in the English channel. ~
Increase scope and stability accom-
panied the trading of the forenoon and
midsession, minor industrials being less
prominent. albeit their places were taken
to an unwonted extent by low priced non
dividend rails. Conspicuous in this group
were the Wabash preferred issues Mis-
souri, Pacific, preferred; western Mary
land, Chicago Great western preferred,
Rock Island and Texas and Pacific
Shipping stocks also augmented recent
gains, particularly Atlantic, Gulf ana
West Indies and United Fruit but thest
were abruptly wiped out in the lIquida-
ton of the later period.
Goodrich and United States Ruppei
shared to a more limited extent.
Equipments and distinctive war shares
firm to strong. General Electric BENG
foremost in its advance of almost
points, the rise resulting from rumors
of impending developments Favorable 10
share holders Paper issues We're less ac-
tive. hut mainly higher, Union Bag COM
mon and preferred, recording substan-
tial improvement.
United States Steel was strong through
out, it's extreme gain of rs TO lio4 repre-
senting the maximum quotalioh Sihci
the reversal caused almost a fortnight
ago by Germans submarine activities OH
the New England coast. Total sales
amounted to $4,000 shares.
Bonds were irregular on further heavy
offerings of international issues. Total
sales Cpar value) $7,9750oo.
United States bonds were unchanged Oh
call
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
Hubbard Bros. & Co.'s Letter

New York, October Especial )-Liqui-
daton for Wall street account caused
the decline at the opening, which in turn
was taken by trade buying, based on the
prospect of killing frost over the cotton
belt within the next week from cold
wave which developed in the Rocky
mountains last night. All the decline
was recovered and more, when the south
began selling. There was further break
on the report of the sinking of large
English steamship, but the feature of
the afternoon was the slow selling from
the south.
One large interest bought heavily
around 1890 for January. In an ordf-
nary year the action Of the market yes
terday and today would indicate that
the advance needed nsw factors to at
tract buyers, but whether that condi-
ton exists this season. with the existing
speculation in all commodities, is yet to
be seen,
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
E. F. Hutton & Co.'s Stock Letter

(By G. +. Avery's Private Wire)
New York. october 1s.-After the mar
ket has had a reaction. and we have
been having them once or twice a week
for the past IS months, some excuse has
to be found for the decline. Today it
was the message from Germany that the
U-boat warfare is to be continued on this
side of the ocean. c. & o. made new
high. and is one of the few stocks on the
board that closed higher than 1t opened
This property is being finally appre-
ciated. Anyone studying its financial
condition, its earnings and its prospects
will feel very much inclined to buy 1t
Western Union also Is steady. There is
bullish feeling on steel. Well posted
people are talking q new high price fol-
it. Breaks like that of today are good
for the market, because they prevent
pyramiders getting overloaded.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
Produce Market

New York, October 19-Butter steady;
rerepts. 6274; creamery. higher than ex-
tras, 3534 l361ac; creamery extras, 92-score,
35A@351ac; firsts, S4@35c. Eggs firm; re-
ceipts, 14,552; fresh gathered, extra fine,
3SaSsc extra firsts, S5@37c; firsts, 32@34c
seconds, 30d31c. Cheese steady; receipts,
1923; state fresh specials, 2@21Ac; state
fresh, average fancy, 2o1aQ20Ac. Live
poultry steady no prices settled; dressed
steady; chickens. 20@35c; fowls, 17@2411c;
turkeys, 25@35c.
Chicago, October l9.-Butter unchanged.
Eggs: Receipts, 624 cases. unchanged
Potatoes higher; receipts. so cars; Min
nesota and Dakota, Ohios, $1.306l 40; Min
nesota and Dakota white $135GD1. 40; Wis
consin and Michigan white, $1,S0@1. IS.
Poultry, alive, unchanged.
st. Louis, october 19.-Poultry I'M
changed except chickens, 121R@15c;
springs lie; turkeys, 221ac. Butter un-
changed. Eggs, soc.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
Live Stock

Chicago, October 19.-Hogs: Receipts,
$4,000; steady; unchanged to a shade
above yesterdays average. Bulk, 1910
q 1920; light, $940@10.25; mixed, $40
d1o90; heavy, s9.4O@70.25; rough,
s94o $3.50; pigs. $6.75@9.25
Cattle: Receipts, 5000; unchanged.
Native beef cattle, $6.50@11.4o; west
feeders, $4.7o@775; COWS and heifers.
lsS40@920; calves, s725@11.S5.
Sheep: Receipts, $4,000; weak. Weth-
ers, $500 $3.50; ewes, s3.S5@7.50; lambs,
sS.40@1060
St. Louis, October 19.-Hogs: Re
ceipts, 700; steady to strong. Lights,
$99o@10.25; pigs, ss.25@9.25; mixed
020@10.30; bulk, s9.S0@10.25.
Cattle: Receipts, $500; strong to 15c
higher. Native beef steers, $3.50 @11.00;
yearling steers and heifers, $500
l1075; cows, s5.50@7.50; stockers, $3.50
@7.50; Texas quarantine steers, $3.50 %
500; prime southern steers. $1,000
800; cows and heifers, $4.50@7.5o;
prime yearling steers and heifers,
$3.50 @ 800; native calves, $500 11.25'
Sheep: Receipts, 300; steady to 15c
higher. Lambs, S7.00@10.00; slaughter
ewes, $5.00@7.25; bleating ewes. $3.50
q $50; yearlings, sS.00@s.75; ewes,
s3.75@725
Kansas City, october 1s.-Hogs: Re
ceipts, $500; sc higher. Bulk, S9.75W
l10.10; heavy, $9.95@10.10; packers and
butchers, s9.90@10.15; lights, ss.5o@
l1015; pigs, sS.75@9.25.
Cattle Receipts, 1000, including 500
southerns; steady. Prime fed steers,
$950@11.00; dressed beef steers, $1,000
I925; southern steers, $3.50 @7.5o; cows
Is45O@725; heifers, s6.00@9.6o; stock
ers. $5.OO@S.0O; bulls, $475 @625;
calves, s6.00@1050
Sheep: Receipts, 1000; 10 @2oc hlsher.
Lambs s1ooo@1o.65; yearlings, $500
$50; wethers, s7.oo@s.oo; ewes, 1918
@T.40.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
Flour and Feedslnff

Self rising flour, high grade, $780,
medium grade, $3.50; Tennessee flour
$3.50; Michigan flour, $3.50; hard winter
wheat flour, $500; spring wheat flour
$40; Idaho flour, 500; pure wheat shorts,
5000; pure wheat bran, 1884, cotton seed
meal, S29 cotton seed hulls, s21; lintless
hulls, $13; No. l timothy hay. so; pea
green alfalfa, s24; southern alfalfa, $40;
mixed alfalfa and Johnson grass, SIS;
Kaffir corn and milomaize, $2.25; No. l
Johnson grass, s14; wheat straw, $14
Wheat, per 100 lbs, $2.75 Mixed feeds, s3f
@40; No. white oats, per bushel, &c.
Corn, per bushel. $1.15. Cornmeal, 2-bu.
sack, $40; corn chops, 10o-lb. sack, ST. Is
corn feed meal, 1914. Poultry food. ST.
per sack; dairy food, $685..
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
New York Futures
Port Cotton Market

New Orleans: Middling, 17.S1c; receipts,
Is, 1896; sales, 1885, stock, 262,5 500.
Galveston: Mddling, 1Sc; receipts, To-
$50; sales, 4774; stock, 36o,754.
Mobile: Middling, 17.S1c; receipts, 65l;
sales, 25; stock, 97S1.
Savannah: Middling. 1Sc; receipts, 70Sl
sales, 1897; stock, 1S4,633.
Charleston: Middling, 1Sc; receipts, 1871;
stock, 65,252
Wilmington: Middling, 17ssc; receipts,
1876; stock, 1907.
Texas City: Receipts, $3.50.
Norfolk: Middling, 17SSc; receipts, 1888
sales, 144S; stock, 63,o43.
Baltimore: Stock, 1861.
Boston, Middling, 1900; receipts 1347;
exports. 4S4; stock, 5000.
Philadelphia: Middling, 1SSoc; receipts
1873; stock, 1909
New York: Middling, 1880; receipts
1858; exports. 697; sales, 100; stock, S6.Ss1.
Minor ports: Stock, 52576.
Total today: Receipts, $1,000; exports,
11S1; stock, 1,139.2T.
Total for week: Receipts, 5oo,295 ex-
ports, 14S,9SS.
Total for season: Receipts. 2.2s7s47; ex-
ports, 1926, 452.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
Sugar Market

New York, October 19.-The local market
for raw sugar was strong ana Wits
no definite sales were reported IL was
rumored that an outport retiner naa
purchased about 1900 or 10000 bags OF
Cubas for October shipment at 5as cents,
cost and freight, equal to 6.39c for CEN
trifugal Local refiners were also In the
market at this level but holders were
asking 51A cents. The close was tirm at
5A@5ss cents for Cubas cost and freight,
equal to 6.27c to 63sc for centrifugal anu
.39c to 5.51c for moiasses.
The market for refined sugar was rirH
in sympathy with raws and prices were
advanced 10 points to the basis of 7.Soc
for fine granulated There were mod
crate Withdrawals on old contract, but
otherwise trading was light, with re-
finers still behind in deliveries.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
Fruits and Produce
NVEuieSale OuOtattOnS.i

Oranges-California, box, $oQ5.5o; Flor
ida oranges, $375.
Florida Grape Fruit-$5G5.50.
Lemons-Imported, box, S..
Limes-Per 100, $1.25@1. so.
Apples-Virginia, barrel, $45OQ5.
Grapes-California malaga, crate, 500.
Pears-California Bartlett, crate, $3.50.
Plums-California red June. crate. $2.2k
Cantaloupes-F'lats, 75cQ$1.
Irish Potatoes-White stock, bu., $1.S0.
Sweet Potatoes-Yams, bbl., $2Q2.26.
Onions-California yellows, lb., $40
Onions-Spanish. crate. N.S5.
Cabbage-Colorado, size.
Grapes-Pony baskets. Zoe.
Celery-Colorado, crate, IS: dozen, 81.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
Chicago Grain

Chicago October 19--Wheat: Cash, No
red, $l.s7A@1es No. 8 red, s157@l ss4 ;
No. 2 hard, s1.7oA@1. 741s; No. hard.
81, 651a@1 SO. Corn: No. yellow, 961ac;
No. yellow nominal; No. white nomi-
nal. Oats: No. white, 4SQ4Sazc; stand
ard, 4S5s@4e4c. Rye: No. 2, $i.29; barley,
75c@$1.1s; timothy, s325d5.25; clover, s11@
Is, Pork, $3.50; lard. s15.75; ribs. sl3 75@
14,25.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
New Orleans Futures
New Orleans Cotton

New Orleans, October 19.-spot cot
ton steady and unchanged. Sales on the
spot. 425; to arrive, 1880. Good ordi-
nary. 1916; strict good ordinary.
1876; low middling, 17.l3c; strict low
middling, 1850; middling, 17.S1c; strict
middling, 1Sc; good mddling, 1SfSc;
strict good middling, 1S.43c. Receipts,
1895; stock, $780,
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
Bank of England Statement

London, October 19-The statement of
the Bank of England shows the follow
ing changes: Total reserve increased
996,O00; circulation decreased &1S6, 600;
bullion increased .e75S, 722; other securities
decreased 91,3S4,000; other deposits de-
creased 9S65,000; public deposits in
creased .e454,000; notes increased G907,-
co., Government securities unchanged.
The proportion of the banks reserve to
liability this week is 1880 per cent; last
week it was 2267 per cent. Rate of dis
count, per cent
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
Interior Movement

Houston: Middling, 1850; receipts, d.
62S; shipments, 2o,79O; sales, 1886; stock,
247, 94S.
shipments, 6753; sales, 1000; stock, 1872, $50.
Augusta: Middling, IS. 25c; receipts 1868;
shipments, 1924 salesee 2e116; stock, 12s.-
7S7.
st. Louis: Receipts, 7S4o shipments,
1896; stock 1881
Cincinnati: Receipts, 1923; shipments,
473; stock. $500.
Little Rock: Receipts, 1873; shipments,
1887; stock, 1856.
Total today: Receipts, 1859; shipments,
SO, 573; stock $780,
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
Hubbard Bros. 4 Co.

Cotton MERCHANTS, HMn0ver SquaFc, n.
y, Members New York Cotton Elk.
change. New Orleans Cotton Exchange.
New York Produce Exchange. Associate
Members 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 conslgnments OF
spot cotton TOR delivery. Correspond
ence invited.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
LIVERPOOL Cotton

Liverpool, October 19.-Spot cotton
easier. Good middling, 10.75d; middling,
10 Sid; low middling, 10.45d. Sales, 5000
1000 for speculation and export. No re-
cepts,? Futures steady; October, 10.55d
October-N ovember, 1o.55d; November-De-
cen1ber, 10.551kd; Overwhelmingly,
10. 561ad January FEB ruary, 10.571zd; Feb
ruary- March, 10.601ad; March-April,
TO- 31ad; April-May. 10.651sd; May-June,
1O.S71ad; June-July. 10.67d; July-August,
1850; August-September 10.4Sd.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
Fish
(Wholesale Selling Prica.3

(WhoIesaIe SeIIlMk PFlcAl
Perch Shc.
Salt Water Trout-121tc.
Red Snapper-ukc small lots.
Gray Snapper-7c.
Mullet-6461Sc.
Spanish Mackerel-121t01Sc.
Shrjmp-121ac.
Sheephead-sac.
Virginia Croker-6c.
Pompano-50c.
Oysters Eastern select. SITS gallon.
Irish Potatoe-White stock, bu., s1.70.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20

following changes: Gold in hand in
creased 29,25o,oO0 francs; silver in hand
decreased 3,726,o0O francs; notes in circu-
lation decreased 22S, S77, 600 francs; treas
ury deposits increased 31,153,O00 francs;
general deposits increased 1891 600
francs; bills discounted increased 1929
O00 francs; advances decreased 100000
francs
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
Cotton Seed Oil

New York, October 19.-After selling up
some to IA points early on the lard
strength and outside support, cotton seed
oil turned easy under profit taking. in
duced by the decline in cotton and at
the close active months were 4 to IL
points net .pwer. Sales, $500 barrels.
Spot, 11.75c bid October, l2Q12. 5oc: No
vember, 1.75G11. 7Sc December, 11.760
life; January, 11,77d11. 7sc February,
IL 1911 soc; March, 1175@11. ne; April,
Ii 75GI11 85c; May, II .S2Q11 S5c.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
Metal Market

New York, October 19.-Copper firm
electroIytic first quarter, $2725@S Iron
steady and unchanged. Metal eXchanse
quotes tin quiet; spot. $4o.75G41.2o. At
London: Spot copper, f124; futures, Ilzo'
electrolytic. e1S los; spot tin, G179 los;
futures, ESQ 5s.
The metal exchange quotes lead SIG
TO; spelter firmer; spot, East st. Louis
delivery, CSC asked At London, lead
ESQ los; spelter, e53.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
Dry Goods Market

New York, October 19.-Cotton goods
vance in prices. Many print cloths were
quoted on basis of 40 and Al cents a
pound. Yarns were firm. Carpets were
in steady demand Raw silk was firmer
and slightly higher. Jobbers continued
active.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
Avery's Letter

Todays cotton market reseihbled the
oscillations of a pendulum that has been
given a violent push upward. Prices
were up and down so fast it kept the
crowds heads swimming.
There is no doubt but what the Weld
crowd cleaned up yesterday. A market
that took $4,000 bales of long cotton and
held as well as this looks to me to be
a very strong one Certainly II it be
true that much cotton was liquidated
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20

Kansas City Grain

Kansas City October 19-Cash wheat,
No. 2 hard, $1.63@1.73z; No. red, 81 COO
167. Corn: No. mixed, s9Ad91c: No 2
white, 9oa9o1ac; No. 2 yellow 9oa901ac
Oats: No. white, 4s1aG49c; No. 2 mixed,
471A649c
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
st. Louis Grain

st. Louis, October 19.-Wheat: No. 2
red. s1.72 No. 2 hard, $1.n@1 TN; De-
cember, s1.6O. Corn: No. 2, 93a94c; No. 2
white, 94c; December, Size. Oats: No.
2. 4s1ac; No. white, 5oa5O1sc; Deem
Der, ACC.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
Sugar and Cereals

Granulated sugar. SITS cwt.. t. o. b
Birmingham.
Choice Rice-$5.5o per cwt.
Fancy Rice-S6 per cwt.
Extra Fancy-$6.50 per cwt
Grits-$225 96-lb. bag.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
ANOTHER ADVANCE
IN FLOUR PRICES
Best Grades Went to $40 Per
Barrel, Which Is New
High Record

Flour reached the $40 mark yesterday
on Morris avenue, making the highest
price in many years. Local flour and
grain dealers predicted sometime ago
that flour would go above $40 barrel,
due to the wheat shortage. The COM
modify has been on a gradual uphill
trend for several months, advancing from
10 to 30 cents a week on the barrel. All
grades advanced yesterday from 20 to
80 cents on the barrel. Self-rising flour,
high grade, advanced from sS.S5 to 80;
medium grade advanced from $S.65 to
Michigan flour from 1875 to $3.50; hard
winter wheat flour from sSS5 to $500;
Minnesota spring wheat flour from 1910
to $40; Idaho from 1856 to 1910
Local spot cotton, following up other
advances of the week, mounted to the
1S-cent mark yesterday afternoon. F1uc-
tuations were noted on all cotton ex-
changes, with a nervous tendency
throughout yesterdays trade. Good mid
ding is now bringing IS cents in Bir-
mirgham, while strict low mddling is
quoted at the high water mark of II
cents. This breaks all records for high
priced cotton since a few years follow
ing the civil war
The upheaval on the local market yes
terday was general, with advances being
noted in several other commodities, such
as cotton seed meal, poultry food, Irish
potatoes and onions.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
Creamery Prnducts

(WHoIeSaIe SeIIlNK Fr1C6.1
Creamery Butter-3Sc; process butter,
S51zc; oleomargarine, 15g23c; country but
ter, Csc.
Full Cream Cheese-22c.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
English Money

London, October 19.--Bar silver, 81 5-16d
per ounce Money, ~ per cent; discount
rates. short bills, 519q55s per cent three
months, 51z@55s per cent
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-20
Coffee Market

New York, October 19.-The market for
coffee futures was easier again today,
with prices making new low ground for
the movement under moderate selling,
which seemed to come partly from trade
sources. After opening at decline Of
to points, prices rallied slightly on
covering, but weakness in the later trad
ing with March selling off from SAC to
s.s1c and July from s.5sc to s.5oc. The
decline was accompanied by reports of
Increased offerings from Brazil and the
market closed at net decline or TO IL
points Sales, S0,25o. October, November
and December, S,2Sc: January, s.2sc; FEB
ruary, $500; March, sale; April, s.sSc'
May, S.4oc; June, S.45c; July, S4sc; Au-
gust. $780, December, S.57c.
Spot was dull and nominally unchanged
at 9s.c for Rio rs and 10s4c for Santos
As 1t was reported that well described
Santos As were offered in the cost and
freight market at 10c, London credits.
The official cables reported decline
of rs refs at Rio while Santos futures
were unchanged to % reis lower. Brazil
ian port receipts $4,000; Jundiahy $4,000.