davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
THE COTTON MARKET
TAKES UPWARD TURN
Market Featured by Fluc-
tuations, But the Close
Was Steady

New Orleans october 6.--Nervous fluc-
tuations within moderate limits marked
trading in cotton on thin market today.
A large volume of business was able
to be done, but the upward movement
of prices was hampered by realizing while
on the downward slants fresh buying
prevented wide breaks. 1t was more Of
two-sided market than usual and an
unusual feature was the sag late in
the day which followed peace rumors.
These rumors apparently were without
foundation, but they had an immediate
and adverse effect on values posted, the
most active months. dropping about 10
points. Usually, peace talk has had the
opposite effect.
In the early trading prices lost 10 to IL
points in the face of good cables because
of the failure of frost, predicted for the
Northwestern portion of the belt to ma
teralize. At the decline the demand for
contracts increased and gossip said it
was coming from mill interests, and sold
out buHs, who were re-entering the
market. The market was further stimu-
lated by reports of lower freight rates
out of Galveston, and telegraphic ad-
vices telling of the beginning OF a mold
ing movement among Texas farmers,
who were looking for 20-cent cotton. At
the highest levels in the early afternoon
prices were s to 10 points over yesterday s
last prizes. The close was 2 points up to
8 points down, net.
Exports were calculated steadying in
nuence, the movement this week being
the largest of the season, amounting to
1861 bales. Today foreign shipments
passed the million bale mark the total
being 1000, 663 bales against T24, 129 up to
this date year ago.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
FairchiId & Co.'s Letter

New York, October 6.--The cotton mar
ket today early experienced resumption of
yesterdays liquidation. December and
January declined to 1886. At these fig
ures, however, the bulls took hold again
and prices worked up about 20 points
The advance brought out fresh liquida-
ton, especially in January, closing prices
being from to Is points below the days
highest figures. The bull leaders are
apparently playing a conservative game.
They are absorbing all offerings as made
without making any special effort to
force a runaway bull market. 1t can
now be only a question of very short
time. in our opinion, when the upturn
will be resumed aggressively. We believe
the December option is being accumu-
lated by the strongest trade interests
We look to see it cross May and possibly
July. We think it is very dangerous
month to be short of. We favor pur-
chases early tomorrow of December,
March and May. Cotton oil was active
and higher today December closed at
10.73c. 1t was 10.S0c bid on curb. March
closed at 10s4c; 1886 was bid for it on
curb. Refiners were principal buyers.
We look for a heavy short covering
movement in oil tomorrow. We favor
early purchases. We believe it would not
take much buying to put December to
11:25 or higher tomorrow or Monday.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
COTTON MARKET
SHOWS ACTIVITY.
General List Unsettled
Late Trading and Clio
Was at a Loss

New York, October 6.-The cotton
market showed continued activity to-
day, but fluctuations were nervous and
irregular. After an early decline to
1890 December contracts rallied to
17.15c and closed at 1000. The general
list was unsettled in the late trading,
with last prices / point higher to 70
points lower. January and later deliv-
cries showed net losses of to 70
points.
The opening was barely steady at
an advance of points on October, but
generally to 16 points lower and
active deliveries sold 10 to Is points
under last nights closing figures dur.
ing the first few minutes. The failure
of the weather map to show frosts in
the belt, appeared to be disappoint-
ment to some of yesterdays buyers,
and there was heavy liquidation while
increased southern hedge selling was
also reported. Offerings appeared to be
very readily taken on the decline which
carried January off to 1890 and March
to 17.10c, or about 80 points under the
high levels of yesterday morning. How
ever the market soon steadied. Trade
interests were credited with buying
a good deal of cotton, particularly De-
cember, and as the market rallied many
of the early sellers turned to cover.
December led the advance on covering,
and buying of that position against
sales of later months which appeared
to be inspired by the small supply OF
cotton available for delivery on con-
tract in local warehouses and appre-
hension that the embargoes on coast
wise shipments from Galveston and
New Orleans might restrict the move
ment in this direction. After showing
net advances of about to points
with January selling at 17.1Sc and
March at 1920, the market weakened
under a renewal of heavy realizing, and
there were rather sharp reactions in
the late trading. The weakness OF the
stock market attributed to the cir
culation of peace rumors may possibly
have accounted for some of the active
Wall street selling which carried jan
uary off to 1870 at the close, or about
rs points from the high level OF the
morning.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
PEACE RUMORS
AFFECT EXCHANGE
Diversity of Dealing Most
Interesting Feature of
General Market

we" York, October 6-Rumors of a
renewal of peace negotiations which
seemed to receive credence in high finan.
c'al quarters, were effective in danrees-
ing prices in the stock markets 1atar
"eainss To-Day, after much previous I'M
certainty and hesitation. Values de-
chned 2 and even points from +on
ieveis of the forenoon, the selling heing
the most precipitate of any recent Soc
SON. with some nominal rallies at the
eiose' Prior to the final period the list
nad SHOWN numerous cross currents for
mer leaders losing some ground with
greater activity In minor rails and fa,,
lhcustrlais, such as the sugar sro,,,,
SeN1rai Leather and American Hide and
-eatner preferred, fertilizers and chem
n,ost llIlc snares and rubber stocks. The
inose interesting Developments. anart
from the sharp reversal of the fag end
" we session. was the extraordinary di-
Nerslty or dealings. More than go differ.
emf stocks were traded in during fine
Hrse nalf hour, this number being con-
sloeraoiy augmented later and establish
ing record for many years.
Extreme gains in SECONDARY rails and
some OF the specialties referred to ranged
from to points, with Denver and Rio
Grande preferred, Western Maryland pre-
lerred, Chicago and Alton, Chicago
Gieat Western, Wabash and Kansas
oily Southern preferred the most con-
splcuous features.
New maximums were supplied by Cen
trail Leather at S3s4 and American Beet
at par, but other stocks of that class and
some of the utilities attained highest quo
taticns OF the past year, only to be sac
riflced in the last 60 minutes
nose VINO regard the foreign exchange
market as an infallible barometer of
peace overtures extracted little comfort
from that quarter. German remittances
which should strengthen at the first
Signs of peace. were slightly heavier, and
francs also shaded with no change in
rates to London.
Bonds were strong most of the day
but eased with stocks toward the end
retail sales, par value, s6625, COO
United States bonds unchanged on call.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
WHEAT PRICES TAKE
DOWNWARD SWING
Argentina Weather Reports
Affect Prices, But General
List Is Steady

Chicago, October e-Peace rumors and
bearish advices regarding the Argentine
crop outlook resulted today in a series
of downward swings in the value of
wheat. The market closed heavy 2isG
55sc net lower, with December at s1575s
d1577sc. and May at $.571sd157 Corn
finished s441%c off and oats down 1sd1sc
to Ne. Provisions scored gains ranging
all the way from a shade to SsGS7c
Suggestions of alkelihood of showers
in Argentine made the wheat bulls I'M
easy from the start, as heretofore no
sign had been reported of a breakup of
the drouth which has been forcing Eu-
ropeans of late to enlarged buying in the
United States. Lower quotations at
Buenos Ayres tended to favor the bears
and so, too, did decline in vessel rates
from South America, with consequent
increased shipments. Selling here, how
ever, did not attain unusual proportions
until the final half hour of the session,
when gossip as to a new attempt at ne
gotiations for peace added to the pressure
on the market and resulted in the sum-
mary closing out OF numerous holdings.
Incredulity as to the truth of the peace
rumors prevented wheat from breaking
much beyond ordinary limits except in
the case of the July option, in which
I.
brief interval July was down just &c
bushel. Export buying on the setback
appeared active, but it was said the
British government and it's allies would
not hereafter give out any information
regarding purchases of breadstuffs.
Corn sympathized with the weakness
of wheat. Some of yesterdays largest
buyers were conspicuous on the selling
side. Central Illinois advices indicated
liberal early movement of the new
crop.
Oats. although at first displaying indie
pendent strength. finally shared in the
depression of other grains. Early firm
ness was based chiefly on the relative
cheapness of oats as compared with
corn.
Diminished receipts of hogs tended to
lift provisions. The lveliest demand
came from shorts.
Future quotations were as follows:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
Hubbard Bros. & Co.'S Letter

diverse. influences were affecting the
market today One, a repsrt that eastern
mills were calling cotton on the basis Of
December, which accounted for the
strength in that delivery over the more
distant months, and, the other liquida-
ton of long cotton held by Wall street
houses, based on a rumor that Ambas-
sador Gerard had brought home a letter
from Germany, asking for the opening
of peace negotiations The decline in
the stock market was predicated on this
report. So long as American spinners
sell goods ahead and buy cotton here
for many months in advance, the local
trade believes there will be no change in
the situation and that no short selling
can be profitable until there is change
in the sentiment
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
Produce Market

New York, October 6.-Butter barely
steady: receipts, 1858; creamery, higher
than extras, S6lktaS7c; creamery extras
% score, 96c; firsts. 341a@351zc. Eggs ir-
regular; receipts 1882; fresh gathered
extra fine, 39Q4Oc; extra firsts, 37q3sc
firsts. 34GS6c. Cheese firm; receipts, 4153;
state fresh specials. 20s4@21c; state fresh
specials fancy, 2o1a020%c. Live poultry
steady; broilers, 21c; fowls, 17630c;
dressed quiet; chickens 19@3oc: fowls, IL
@231ac: turkeys, 29@35c.
Chicago, October 6.-Butter firm;
creamery. 3oa341ac. Eggs: Receipts, 6643
cases; unchanged. Potatoes firm; re-
ceipts, 36 cars; Jerseys, s1.2591. 40; Ohios,
$15. Poultry, alive, unchanged.
Kansas City, October 6--Butter eggs
and poultry unchanged
St. Louis October 6.-Poultry I'M
changed, except springs, 16c; turkeys.
PC. Butter and eggs unchanged.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
Well known Churchman Dies

Mobile, October Especial. News
reached Mobile Thursday of the death
Wednesday night of Rev. George Lester
o. S. B., for many years prominent in
Catholic church and educational work OF
North Carolina The end came at Ell
berta, Baldwin county. Father Lester
was born. in Mobile November II, 1850
His parents took him to New Orleans
when he was five years old. During his
young manhood he went to the Benedic-
tine Abbey Belmont, N. c., and made
his classical and philosophical studies
Later he entered the Benedictine Order,
and after a course in theology was or
dained priest He 1abored zealously in
the missions of North Carolina and was
for more than 10 years an efficient and
successful professor in his alma mater.
His health failed and physician adj
vised him to so further south. The last
two Years of Father Testers life was
spent in Elberta, Foley, Summerdale and
Lillian.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
Drs. Dozier & Dozier
Oldest Established Firm
Of Medical Specialists in
Alabama. Twenty five
Years in Birmingham.

We treat scientifically and
with wonderful success. all man.
ner of chronic diseases of the
Eye, Ear. Nose and Throat, Lungs.
Heart. Liver. Stomach, Bowels.
Kidneys and all diseases of the
Skin and of the Pelvic Organs of
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
Flour and Feedstuff

Self-rising Hour, high grade, $3.50;
medium grade, $3.50; Tennessee flour,
So ~; Michigan flour, $40; hard winter
wheat flour, $3.50, spring wheat flour.
$40; Illinois flour, SS.4o; Idaho flour,
81. So; pure wheat shorts, S36QSS; pure
wheat bran, $3l; cotton seed meal, III per
cent $34; Creme cotton seed meal, $26; cot
ton seed huls, s21; lintless hulls. $13; No.
timothy hay, $l2; new pea green alfalfa,
S,&; southern alfalfa, $50; mixed alfalfa
ana johnson grass, sls. Caffir corn and
milomaize, 81; No. l Johnson grass, sl4;
wheat straw, $13. Wheat, per 100 lbs.,
$3.50. Mixed feeds, $S6q40; No. 2 white,
oats, per bushel, SIC. Corn, per bushel,
s1.16 Cornmeal, 2-bushel sack, S2.15;
corn chops, l00-lb. sack, $2.16; corr feed
meal sS4 Poultry food, s2.So per sack;
dairy food, s31.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
Fruits and Produce

Oranges-California, box $500. 80.
Lemons-Imported, box, s..
Llmes-Per 100. $1.25Q1. SO.
Apples-Virginia, barrel, s4.50Q0.
Grapes-Callfornia malaga, crate, $500.
= Pears-California Bartlett, crate. $3.50. f
Plums-California red June. crate, s2.2k
Cantaloupes-Flats, 75c@$1.
Irish Potatoes-White stock, bu., 81. co.
Sweet Potatoes-Yams, bbl., s202.25.
Onions-California yellows, h., 31ac.
Onions-Spanish, crate. S1.S5.
Cabbage-Coiorado 31ac.
Grapes-Pony baskets, zoe.
Celery-Colorado, crate. S.; dozen. 81.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
Avery's Letter

Today's market was featured by it's
ability to absorb enormous realizing
sales and hedge selling.
Liverpool was barely up to expecta-
tons and our opening was at about
the closing level of yesterday There
was good demand at the start. which
ran prices up some 10 points, at which
level the selling began and continued
until prices had lost all the gain and
as much more. The demand again be-
came strong and values steadied up
around the final prices of the previous
day and it was a stubborn fight from
that time to the finish. which showed
no material change on either side.
Eastern houses have been advising
profit taking for the past two days,
expressing the opinion that the con-
tracts could be bought back cheaper
This accounts for the heavy selling.
Advice to take profits is good under
almost any conditions, but a market
that stands up under the liquidation
as well as this one has, leaves consid-
cradle room for doubt as to whether
the contracts can be replaced at a
lower level.
Spots continue firm with no let up
in the demand. The mills are selling
their goods on basis that would justi-
fly them in paying much higher prices
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07


a
with
had advised them
t be worth o o 10
whc
icing octo ha o
and without
reason
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
Bonds
Mercantile Paner

or ork' October 6.-Mercantile paper
~ per cent. Sterling 6o-day hills q III
demand. $475 Ills; cables q - e
francs, demand, 5.s4k; cables SssN
Marks' demand. 7oA; cables, 7oss. Kronan
9emand. Il lie; Cables 2s-l6. Gnildsrs
eemand, 4o%; cables. Al. Lires. demand
80; cables, s.45. Rubles, demand siM,
1aples' Six. Bar silver, ssN Mexican dol.
aars, oz1sc. Government bonds steady.
Time loans firm: 60 and % dave ,so,,
per cent; six months, sE01sn ra =. ous. .
can money steady; high, III Der cent.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
Hubbard Bros. & Co.

~. Members New York Cotton Ex-
change. New Orleans Cotton Exchange,
New York Produce Exchange. Associate
Members Liverpool Cotton Association.
.prders solicited for the purchase and
bale OF Cotton and Cotton Seed Oil for
Future delivery. Special attention and
liberal terms given for consignments Of
Ipot cotton for delivery. Correspond
Enco invited.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
New Orleans Futures
New Orleans Cotton

New Orleans, October 6.-Spot cotton
steady 6 points up. Sales on the spot,
1045; to arrive, $685. good ordinary, IA sc;
strict good ordinary, 15.19c low middlng,
1850; strict low middling, 15.94c; mid
ding 1870; strict middling, 16.3Sc; good
middling, 1860; strict good middling,
16S1c; receipts, 10137; stock, 200, 154
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
Rice Market

New Orleans, october Trough rice
was steady today and clean rice
strong. Receipts: Rough, 5454 sacks;
M Hers, 1899 sacks; clean, 1888 pockets.
Sales: Rough Honduras, 1868 sacks;
Carolina, SIS sacks; Japan, 1175 sacks;
Blue Rose, 624 sacks; clean Honduras,
1929 pockets; Japan, 2724 pockets; Blue
Rose, S5S pockets. Quote: Rough Hon
duras, S@3.76c; Carolina. s.s5c; Japan,
3@3.4Oc; Blue Rose, 3@3.65c. Polish,
per ton, $26@27; others unchanged.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07

cent yard today to basis of 171kc for
8-ounce standards. All cotton goods were
firm with rising tendency. Yarns also
were firm with buying confined to spot
lots and nearby deliveries. Silks were
steady
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
Naval Stores

Savannah, October 6.-Turpentine firm
43@43Ac. Sales, 1851; deceipts, 1853; ship
ments. is; stock, 23,247. Rosin firm; sales,
1881 receipts, 1889; shipments, L; stock,
S7,011. Quite: A, B, C, d, e, So F, G,
$40; H, I, K, NJ, N, $625; VIC, 40;
WV, $3.50.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
Chicago Grain

Chicago, october 6.-Wheat No. 2
red, $1.61@1.62; No. 3 red, $1.57A q
1.59h; No 2 hard, nominal; No. 8 hard,
$1.61A @1,621a. Corn No. 2 yellow, s91s
@9oc; No. yellow, 8s@SsMc; No.
white, SSc. Oats No. white, ASH a
4Sa4c; standard. 49@49Ac. Rye No. 2.
$1.2e. Barley, 75c@1.1s. Timothy, $3.50
OATS. Glover, $11 OLA Pork, s2S.05.
Lard, $14.92. Ribs, $14.00@14.75.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
Kansas City Grain

Kansas City, October Cash wheat
No. hard, $1.57 @1sS; No. red,
1880 1.62.Corn No. mixed. S41sc; No.
2 white, S51sc; No. yellow. S6@S6Ac.
Oats No. 2 white, 4Sc; No. mixed. 45
@46c.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
st. Louis Grain

| st. Louis, October 6.-wheat No. 2
red, $1.e4@1.eS; No. 2 hard, $1.621s @
l1.SaS; December, $1.5sA. Corn No. 2,
| 92c; No white, 93c; December, sac.
Oats No. 2, 4Sc; No. white, 4sc; De-
lcember, 4Shc.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
Fish
Fish
CWholesale Selling Price \

CWholesale Selling PRICE,
Perch size.
Salt Wafer Trout-12hc.
Red Snapper-1118c small lots.
Gray Snapper-7c.
Mullet-6Q61ac.
Spanish Mackerel--1211k&1sc.
Shrimp-1z1Ac.
Shsephead-s1sc.
Virginia, Croker--sc.
Pompano-3oc.
oysters-Eastern select, sl.75 gallon.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07

low, "a per cent; ruling rate, 21s per
cent; last loan 21s per cent closing bid,
2 per cent; offered at 21z per cent.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
Petition in Bankruptcy

Mobile, October 6.-(Special. )-The Cen
trail Alabama Dry Goods com pany of
Selma and others, Thursday filed an in
oluntary petition in bankruptcy against
the Lawrence Dry Goods company OF
Selma. The defendant admitted insolv-
ency, and the case was referred to Ref
cree B. H. Craig of Selma. Assets and
liabilities were not given.
~~~~~-~-~-~~~-~-~~-~-~~
for the raw product and still realize
good profits. Under these conditions
we can see nothing to depress prices,
and continue to favor the long side.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
Metal Market

New York, October Cooper firm;
electrolytic, $27.25@ $3.50; iron. steady
and unchanged; metal exchange quotes
tin. firm; spot. $S9.75@40; at London.
spot copper. f12o 1os futures. f117;N
electrolytic, f142; spot tin f177 3s flu
quotes lead $7@7.10; spelter strong;
spot East ST. Louis delivery. $40 bid
at London. lead, flo l5s; spelter, f54
los.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
Sugar and Cereals

GRADUATED sugar, s7.75 cwt.. (. o. b.
Birming ham.
Choice Rice-$5.50 per cwt.
Fancy Rice-$6 per cwt.
Extra Fancy-s650 per cwt
Grits--$2.25 96-lb. bag.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
Creamery Producta


(Wholesale Selling Price.)
Creamery Butter-371zc; process butter,
35c; oleomargarine, 15923c; country but
ter, 25c.
Full Cream Cheese-22c.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
Hides and Tallow
dealers Buying Offer. }


Green Salt Hides-18@1sc.
Green Salt Hides-Half cured, 1701Sc.
Green Hides-Fresh, 16@17c.
Dry Flint Hides-31@32c.
Dry Salt Hides-29@30c.
Damaged Hides-Half price.
Sheep Skins-25c@1.25
Horse Hides--S1@4.60.
Angora Goat-25GS0c.
Ginseng-Wild. IS.
Colt Skfns-50Q75c.
Sherlings-15@25c.
Goat Skins-45@55c.
Kid Skins-15c.
Hog Skins>-2505oc.
Tallow-5Q7c.
Beeswax-250Tc.
Washed Wool-40G43c.
Clear Unwashed Wool--3o0a2c.
BURY Wool-20922c.
Spot Cotton
Good middling ................. 1854
Strict middling ................ 1914
Middling Observation-Disclosures. 1914
Strict low middling ............ 15s4
Pig Iron
IL .s...................... $l5.o0
IF ........................ low
81 NEUTRALITY-SUSPICIOUS.. 14.oV
Gray Forge ..................... l3.oe
IS ........................ 1859
rs .......................... i6.0e
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-07
Cotton Seed Oil

New York, October 6.-After an cas-
Ter start cotton seed oil advanced
sharply into new high ground on ac-
tive short covering and broad outside
speculative buying on talk of peace
rumors. strong crude situation and inn
proved demand from trade interests.
Final prices were l to IA points net
higher. Sales, $4,000 barrels. The cot
ton seed oil market closed strong.
Spot, 1110c bid; October 1.10@ 11.25c;
November. 1860 90c; December,
1O.72@10.74; January. 1912 a 1878; Feb
ruary, 10S0010S5c; March, 10.S4@-
10S5c. April, 10.95@10.9Sc; May 1925
Q10.99; total sales, $4,000.