davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1917-05-17
GRAIN AND PRODUCE

Chicago, May 16--Huge fresh breaks in the value of contracts for future delivery of wheat resulted today from the recent summary stoppage of all buying except
 to close out existing deals. Chances of a federal enactment that would involve
 the estimate Of maximum prices on cash
 wheat that is wheat for immediate de-
 livery, appeared likewise to have a bear ish influence and so did ideal weather for
 the growing crops. Afar a descent which at the extreme amounted to 24 cents a
 bushel, the market closed relatively firm.
 but at net losses Of cents to 14 cents with July s2.9O and September at s2.o7. Corn finished 1 cent to 21z cents off; oats
 oown E to 1 cent, and provisions at
 setback of 2lz to 20 cents. sucn com plete lack of support for future deliveries of wheat was shown at the opening that quotations fell 15 cents within a minute. Further down turns of cents which quickly ensued were followed by mod crate rally, but then the weakness be-
 came more acute and September did not stop until g a bushel had been left be- 1 hind and sales had been made as low as $l.9S, whereas the option commanded ] at yesterdays finish, S2.20 to S2.21. July collapsed to even a greater extent and touched s2.1s. an overnight tumble of ] 24 cents. At this point, however, one of the largest elevator companies ab- sorbed the offerings and there was no subsequent return of aopte depression on the part of holders.
 Corn and oats reflected the action of wheat
 Provisions sympathized with the weak | Of fr1 &1.~
 packers did a little buying.
 1 Future quotations were as follows.
The Birmingham age-herald., 1917-05-17
COTTON RESPONDS
 ID STEADY CABLES
Strong Tone of Stock Mar ket and Russian Loan
 Boosts Prices

New York, May 16.-The cotton market showed a generally steadier tone today and become more active in the late trad ing with October selling up to 1937c or Sl per bale above last nights closing. The general list closed very steady at a net advance of Il to 20 points,
 The market opened at an advance of to 15 points with near months relatively firm in response to steady cables and more favorable view of the subma- rine situation. The early demand was by no means active, however. and the mar ket turned a shade easier after the call owing to favorable weather forecasts
 July contracts sold off to 19.7Oc, October to 19.10c and December to 1921c or 5 to 2 points net lower, but moderate offerings were well absorbed around these figures and the market rallied again on expec- tations of bullish weekly weather re- port at midday. This report proved quite as unfavorable as expected and the mar ket turned firmer during the early aft ernoon. There appeared to be few sell CTS around the ring, and the buying was stimulated In the day by the strong tone of the stock market and a more cheer ful view of the Russian situation based on reports that Russia had secured a loan of $10O,000,000 from this country. July contracts sold up to 19S9c and December to l947c or 13 to 20 points net higher, and closing prices were at practically the pest point of the day The Russian loan news was supposed to reflect confidence l1 the ability of that country to maintain It's position among the allies, while there
 may also have been an expectation that part of the money would be used in the purchase of raw cotton in the south. The weekly summary of the weather bureau said that the low temperatures during the week had unfavorably affected cotton over the entire belt, and the late ad- vance was accompanied by Predictions ,, that the May 25 condition figures would
 be under the 10-year average.
The Birmingham age-herald., 1917-05-17

as the result of abnormally temperatures Of this time of year. At the highest of the day the trading months were IS to 20 points over yesterdays close. Last prices showed net gain of 1T to IS points
 The opening was higher on better ca bles than due but the initial advance car red prices up only to points a which level selling came in on the forecast of fair and slightly warmer weather for the belt and on the unfavorable Russian news. Prices sagged until they were : to points under yesterdays close. Around the middle of the morning anxiety was displayed by shorts over the probable tone of the weekly reports and buying commenced, which increased grad ually, and sustained the market at an advance during the remainder of the ses- sion.
The Birmingham age-herald., 1917-05-17
It Dwarfts the War

H. N. Brailsford in The New sRepublic.
 The Russian revolution is an event SC immense and ansuicious that it may seem to be a pettiness to discuss its reaction on the war and the settlement. It dwarfs the war itself. Nothing which can hap pen to Turkey or the German colonies touches it -in importance. While they dreamed of adjusting frontiers. liberatins provinces and apportioning spheres of influence, the peoples of the entente have conquered in week tn vastest empire in the world. Russia has been annexed to the domain of western liberty and cul- ture the realm of Atlantic civilization has gained 170,000,0O0 citizens The war has attained its maximum result, and the rest may we'll seem trivial. It is possible henceforward to think of Europe as con tinent which in its ideals and institutions approaches the unity of North America The worst of the moral obstacles to an international society is. gone. and few of us suppose that the new orientation' in Germany can in time and scope lag far behind the change in Russia.
The Birmingham age-herald., 1917-05-17
shenard & Gluck,s Letter

(ReceiVed over w. E CampbellS prl-
 yate wire
 New Orleans, May 16.-The feature in cotton today was the unfaVorable show ing made by the weekly crop and weather returns from the weather bu- reau. It was generally expected that they would be bullish. Even bear traders had to concede that, but the average bull was surprised at the reports of damage done by the abnormally cold weather which has prevailed over the belt dur ing this last week.
 The government states that crop growth has been retarded in all impor- tant sections, gernination has been held up and in portions of Georgia and South Carolina the crop is dying. There is lit tie use in denying the fact that the crop is getting a very poor start on an acreage which must be called limited compared with early expectations regard ing the area to be planted. Some por- tions of the belt are complaining of the lack of moisture, whereas the outlook is for fair weather over the belt and what looks like another pronounced cold wave is forming in the west and has already brought with it temperatures of 24 de- grees to the northwest of the belt.
 In calling attention to these features our object is to point out that the pros poets are not for any improvement in the immediate future
 We believe that the situation warrants the purchase of cotton on any soft spots. for the outlook does not point to liberal supplies for the season to come
The Birmingham age-herald., 1917-05-17

4d1s per cent; commercial 6O-day bills. 4fdh per cent; demand, 4.75.55 per cent; cables, 4I6 7-16 per cent E'rancs De- nand, 6.72 per cent; cables. 5.71 per cent. Builders: Demand, fl per cent; cables, AIS per cent. Lires: Demand, 6.99 per cent; cables. 6.9S per cent. Rubles: De- nand, 2I55 per cent; cables, 2755 per cent. Bar silver, 747kc Mexican dollars, 5Sc Government bonds steady: railroad bonds weak. Time loans easier; 60 days, 4AQ41a per cent; 90 days, 44a 41s per cent; six months, 41ka424 per cent. Call money steady; high, 2h per cent; low, 214 per cent; ruling rate, 21a per cent; last loan, PIE per cent; closing bid, 24 per cent; offered at 21a per cent
The Birmingham age-herald., 1917-05-17
Live Stock

Chicago, May 10.-Hogs: Receipts 25,- 900; weak; bulk, $15.S5Q1630; lights, S15.15 @16.25; mixed, S15. 60@16.4O; heavy, $15.6OD 16.40; rough, S15.60Qd5.S0; pigs, $10.50914.50.
 Cattle: Receipts, 19,000; firm; native beef cattle, $9.5o@1S70; stockers and feed CTS, $7.60a10.40; cows and heifers, $6.05@ 11.60; calves, $9.7591435
 Sheep: Receipts. 10000; firm wethers, s12. 2.50d15.50 ewes, 12.1O@15.6O; lambs s15.50 @2000; a new high record.
 Kansas City, May 16.-Hogs: Receipts, 5000; steady. bulk, $15.60@1625; heavy, $1615 @16.25; packers and butchers, $15.S5@16. .25 {; lights, $15.4oa15.9O pigs, SIS. .75@150O. steers, $12.5o01325; dressed beef steers, cows, $709011. .25; heifers $9.00d1215; stock CTS, sS.25a11.oo; bulls, ss00d1o.50; calves, $S.00@1350
 Sheep: Receipts, TOO; higher; lambs S1500a19.75; yearlings, $140O@1700; weth- CTS, $13.O0Q1550; ewes, $12.O0415.0o.
 St. Louis, May 16.-Hogs: Receipts, 12, 100; lower; lights, $15.70@16.60; pigs, $975@ 14.25; mixed and butchers, $15.70a16.4o; good heavy, $163OG16.4O; bulk s15.S5@91630.
 Cattle: Receipts, 36O0; higher; native beef steers, $7.50d13.00; yearling steers and heifers $S.50d12O0; cows $6.00@11O0; stock CTS, $6.00@10O0; Texas quarantine steers, $5.5eI9.50; prime southern beef steers, $500 @11.50 beef cows and heifers, $4.25Q9.00; prime yearling steers and heifers, S7,50@' 1000; native calves, $600d14.25.
 Sheep: Receipts, 800; steady; ewes, s11.50 @15.O5; yearlings, $13.00@16.s0; clipped lambs. $1400Q1695.
The Birmingham age-herald., 1917-05-17
STEEL LEADS RISE
 ON STOCK EXCHANGE
Market Shows Big Improve ment on Better Aspect Of
 Foreign Situation

New York, May 16.-The extraordi- nary improvement shown by the stock market today was attributed mainly to the more cheerful aspects presented by the foreign situation and an abatement of the recent liquidation in rails and utilities.
 The loan by this government of $10OOOO,- coo to Russia had an extremely favor able effect on the financial relations be- tween the two countries. Russian bonds rebounded vigorously on the curb and rubles strengthened visbly in the for sign exchange market.
 United States Steel led the rise on the exchange, making a net advance of Az points to 12o5s, it's highest quotation of the year, but considerably under it's maximum of 1916. Dealings in steel were on the same enormous scale that char acterized operations in that stock during the Doom markets of the past two years
 Other steel and iron shares were higher by to points, the greatest gain being made by Superior Steel, a newcomer in this market, which rose from 3S to 45. Bethlehem Steel new stock gained at 1271a, the old stock rising Az to 134A. Colorado Fuel, Sloss-Sheffield Steel, Vir- ginia Iron, Midvale Steel and Republic Iron were included in the other active and strong industrials.
 Shippings figured largely in the days business, Marine preferred gaining ? points and Atlantic, Gulf and West In- dies, SIS. Coppers made only moderate advances with oils and motors. Fore most among the utilities were American Telephone at gain of 3A points and Ohio Gas, which gained 3.
 Transcontinentals grangers, coalers and eastern trunk lines registered irreg- ular advances of to points, Minor issues comprising the western and south western divisions also participated in the rise.
 Bonds were weak in the early dealings but made partial recoveries on the up swing in the stock market. International issues were irregular. Total sales, par value, aggregated $3,5S5, ,000.
 United States bonds were unchanged on call, but registered As broke 7s on a single sale.
The Birmingham age-herald., 1917-05-17
Port Cntfnn Market

New Orleans: Middling, 19.50c; receipts, 109S; sales, 554; stock, 2S0,161
 Galveston: Middling. 19.75c; receipts, 3S7e; sales, 713; stock, 2157s1.
 Mobile: Middling, 19.6Sc; receipts, POI exports, 476; stock, 5647.
 Savannah: Middling, 2o.25c; receipts, 1403; sales, 1876; stock. 16934.
 Charleston: Receipts, 107; stock, 3o,516. Wilmington: Stock. 54,05s.
 Texas City: Stock, 19,S21.
 Baltimore: Middling, 1963c; receipts 6sS; sales, 13; stock. 107,546.
 Boston: Stock, 2S,96A.
 Philadelphia Middling, 20.10c; receipts, 1s1; stock, 47s4.
 New York: Middling. 20.25c; stock, 67,405. Minor ports: Stock, 10,3S3.
 Total today: Receipts, 7o69; exports, 476; stock, 943, 459
 Total for week: Receipts, S9,095; ex- ports, 2376
 Total for season: Receipts, 6,7O23Ss; ex- ports, 4,766,5353..
The Birmingham age-herald., 1917-05-17
Flour and Feedstnff

Michigan patent flour, s1715; Idaho pat ent flour, $16.15; Tennessee patent flour, sl5.85; medium grade self-rising, s15.95; high-grade self-risng, $16.15 hard win ter wheat flour, SIS .65; cornmeal. s .S5 per 96-lb sack; hen feed, $3.50 sack: mixed horse and mule feed, S43053; 71s per cent C. $. meal, $42; gremo feed meal, s32; prime c. S. hulls. s23; lintless hulls. SIS; gray shorts, s54; wheat bran, S4S; corn, $195; corn chops, $3.65; No. ? white oats, per hushel, 95c; wheat, per 100-lb sack, $3.5O; choice pea green alfalfa, per ton, s33; southern alfalfa, per ton. $27; choice timothy hay, per ton, s20; No. timothy hay, per ton, s29; No. Johnson grass per ton, $22.
The Birmingham age-herald., 1917-05-17
Hubbard Bros. & Co.'S Letter

New York. May 16.-The market was quiet this morning with the trade ex pecting an unfavorable weekly weather report at noon. When published the re- port proved to be more unfavorable than the trade expected, but no fresh buying was attracted from the trade it. self. At the moment there appears to be only moderate demand for cotton and the export situation continues serious, while for the first time the total exports have fallen below those of the last sea- son. The political news also was not particularly favorable, so that the mar ket did not respond to the weather re- port here. In the late afternoon, how ever, prices advanced on speculative buy ing from the west and Wall street under the influence both of the weather report and of the advance in the prices of in- dustrial securities.
The Birmingham age-herald., 1917-05-17
Sugar Market

New York, May 16-There was no change in the market for raw sugar today and the undertone was steady at the close. There were sales of about 75,00t bags of Cubas for May andNJune ship ment to refined at Sc, cost and freight, equal to 602c for centrifugal, and it was believed that more sugar could be had at these prices if it was wanted. The market closed at Sc for Cubas, cost and freight, equal to 6.02c for centrifugal and
 Sugar futures were lower again, clos 5.14c for molasses
 ing at declines of to z points, with sales of 20,SO0 tons. Outside interests con- tinued to liquidate and the demand was not very aggressive and chiefly from trade sources and shorts. May sold al 4.95c, closing 4.93c; July, 50Sc to '5.02c, closing 5.03c; September, 5.15c to 5.09c, closing 5.Osc; December, 4.SOc to 4.77c, clos ing 4.77c.
The Birmingham age-herald., 1917-05-17
Produce Market

New York. May 16-Butter firm; re- ceipts. 962S; creamery, higher than extras, 40GD401ac; creamery, extras, 92-score S9c firsts, Ss1ad39c. Eggs firm; receipts, 29,6SS; fresh gathered extras, 371aQ3Sc; fresh gathered, storage packed firsts, 361a@37c fresh gathered firsts, 35@361ac. Cheese strong; receipts, 9767; state fresh specials, PIC; state fresh, average run, 2619@26Ac c Live poultry unsettled; nos prices quoted dressed dull and weak; chickens, 24q30c fowls, 20d251Ac; turkeys, 12@35c.
 Chicago, May 16.-Butter unchanged. Eggs, receipts, S7.393 cases; unchanged. Po- tatoes higher; receipts, 5 cars; Idaho, Colorado Oregon and Washington, s2se@ 3.15: Wisconsin and Michigan, S2.75Q290 Poultry, alive. lower; fowls. 221ac.
 St. Louis, May 16.-Poultry unchanged, except hens, 21c. Butter and eggs un- changed.
 Kansas City, May 1e.-Butter eggs and poultry unchanged.
The Birmingham age-herald., 1917-05-17
Spot Cotton
Pig Iron
Pert and Impertinent

A young woman of pink complex ion but of heroic build--a kind way
 of denoting obesity-applied to B. H. Calvert, the moving picture director,
 for a position as an extra girl. She presented him a personal letter of in troduction. Long years ago. it seems, MT. Calvert knew her father and mother. As he gazed at this plump
 Juno the light of memory came into
 his eyes. but still he was not quite certain about something.
 "Let me see," he unused, which side of the house do you resemble the
 most?'
 "Sirv' she cried in accent far from mild. T don't resemble any side of any old house."
The Birmingham age-herald., 1917-05-17
New York Futures
New Orleans Cotton

New Orleans, May 16-While it was a
 small market in cotton today the under
 tone was firm during nearly the entire session, strength being derived almost wholly from the unsatisfactory weather corditions prevailing over the belt. The highest levels were reached toward the close, and were the result of buying based on the extremely bullish weekly crop and weather account put out by the govern ment. These returns, telling of young cotton dying in some sections of the belt,
The Birmingham age-herald., 1917-05-17

have characterized these markets re- gently and substantial advance was the result
 The weekly weather report was very buIlish and confirmed private advices as to damage by the cold weather, and replanting.
 Russian news was slightly better to- day. which was reassuring. The unset tied state of affairs in that country was the bear card yesterday.
 Believe in much higher prices for cotton stocks and advise purchases on moderate setbacbs. C. F. AVERY.
The Birmingham age-herald., 1917-05-17
Metal Market

New York, May 16-Copper firm: elec- trolytic, spot and second quarter, S31dSS third quarter and later delivery, S2SaS0. Iron firm unchanged. Metal exchange quotes tin strong spot, $66q67 At Lon don, spot copper. e190; futures, e129 1Os; electrolytic, &142; spot tin, e256 los; fu- lures, G256 los. The metal exchange quotes lead firm. May, 101a@107sc. Spell ter quiet; spot aEst St. Louis delivery, 91s@91sc. At London, lead, e30 los; spell ter, G54
The Birmingham age-herald., 1917-05-17
Interior Movement

Houston Middling. 1s. 75c; receipts, 1233; shipments, 3122; sales 2052; stock, S5, 025.
 Memphis. Middling, 2oc; receipts, 1102; shipments, 2552; sales, $50; stock, 300,01S.
 Augusta: Middling, 2oc receipts 527; shipments, S94: sales, 253; stock, 7S.S51.
 St. Louis: Receipts, 14os shipments, 2020; stock, 26,580.
 Cincinnati: Receipts, 6s; shipments, 41s; stock 15,072.
 Little Rock: Middling, 9.50c: receipts, 16; shipments, [; sales, T. stock, 24020.
 Total today: Receipts 4353 shipments, 9014: stock, 529. 566
The Birmingham age-herald., 1917-05-17
Cnffee Market

New York, May 16-The market for coffee futures was very quiet today, and there was very little change in prices. Uncertainty as to the proposed war taxes was said to be checking business in the spot market, and there seemed to be very little trade or speculative interest around the ring. The market opened unchanged and closed net l point higher to points lower with September ruling between S.27c and S.2Sc, and closing at S.29c. Sales were reported of 17,750 bags. May, Sc; June, s.O7c; July, S.17c; August, 8.23c; September, S29c; October, s.33c; Novem- Der, S37c; December, S.4lc; January, S.47c; February S.52c; March, S,5Sc; April, S.66c. Spot dull; Rio Is. 1OAc; Santos As, 1o12c.
 The official cables reported no change in the primary markets except in the case of Santos futures, which were un- changed to 25 reis lower. Brazilian port receipts, 1900; Jundahy, 5000.
The Birmingham age-herald., 1917-05-17
Cotton Seed Oil

New York May 16.-Liquidation on the early severe break in grains and lard carried cotton oil off 20 to 25 points to- day, but a moderate rally took place near the close on short covering, and with f!e inherently strong position in tallow
 and all kindred products July sold off to 1633c, and closed at 16.47c. Final net losses were 2 to r points. Sales, S1, 400 tons. Prime crude, 14d33c. nominal. Spot, 16c bid; May, 16.35c bid; June, 16.45GD16. 55c; July, 16.47Q16. .4Sc; August, 16.496D16. 5Oc September, 1s.4s@16.51c; October, l647@9 l6.4sc; November. 161o81s 12c; December, 16.08G16.11c.
The Birmingham age-herald., 1917-05-17
New Orleans Futures
New Orleans Spots

New Orleans, May 16.-Spot cotton quiet 13 points off Sales. on the spot, 50t bales; to arrive, 50. Good ordinary, 1S12c; strict good ordinary, 16,S2c; low middling, 1e.12c; strict low middlng, 19.91c; middling. 1s.50c; strict mddling, 19.69c; good middling. 19-S7c; strict good middling, 2005c; receipts, 10sS; stock, 2So-
The Birmingham age-herald., 1917-05-17
Chicago Grain

Chicago, May 16.-wheat No. red nominal; No. red. $2.so; No. 2 hard. 8 80; No. hard, $2.s0. Corn, No. 2 yell low, sL66a1.6S; No. yellow. s165@d .671s; No. yellow nominal. Oats, No. 3 white, 6s14a70,sc@ Rye. No. 2, s2.s5; bar ley, s12501.63. Timothy, $5 1898; clover, $l2Q17. Porok, SSs,5o; lard, s22. 62@22.72; ribs, $0.3002075.
The Birmingham age-herald., 1917-05-17
Dry Goods Market

New York, May 16-Cotton goods were firm today, the market growing broader under the stimulus of large government orders. Mems wear was very firm and wool goods of all kinds tended higher in first hands. Worsted yarns were firm. Burlaps were firm and active on light weights April shipments were compara- lively small.
The Birmingham age-herald., 1917-05-17
English Money

London, May 16.-Bar silver, 3Sd per ounce; money, 4a4A per cent; discount rates, short bills, 11-16 per cent; three months bills, "A per cent.
The Birmingham age-herald., 1917-05-17
-e as follows:
St. Louis Grain

St. Louis. May 1s.-Cash wheat, No. red nominal; No. hard, s3.o5; July. s223a4; September, s2.0s11 Corn, No. 2. s1.6114; No white, s1.6+a1. s5; July, s1.53, September, a.441a. Oats, No. 3, 6so; No. white nominal; July, CSC.
The Birmingham age-herald., 1917-05-17
Creamery Products

Butter-Creamery, 401hc; process butter Ss3sc; oleomargarine, 27c; country butter, S5c.
 Full cream cheese, 26hc
The Birmingham age-herald., 1917-05-17
Rice Market

New Orleans, May 16.-Both grades of rice were in good demand today. Quota tions were unchanged. Receipts, rough, 54S; millers, 53S; clean, 46,706. Sales: clean Honduras, 1639 pockets.
The Birmingham age-herald., 1917-05-17
Fish
Perch--9c.

Perch-9c. Salt Water Trout-121sc. Red Snapper-14c. Gray Snapper-10c. Mullet-7c.
 Spanish Mackerel-13c. Shrimp-121sc. Sheephead-Sl5c. Virginia Croaker-7c.
The Birmingham age-herald., 1917-05-17
MORRIS AVENUE

A drop in flour on Morris avenue was greeted yesterday, all grades taking a tumble.
 All grades of wool have advanced this week, with higher prices in sight. Cotton went back to 20c for good mid- ding, with a rise of 4c all along the list. Quotations were as follows:
 Poultry and Eggs Hens-1Sq20c. Hens-Dressed, 21Q22c tryel s-o544Uc. Guineas- 35Q40c. Roosters-1412c. Extra Graded Eggs-32c. Fresh Country Eggs-33c Turkeys-Live, 25c. Geese-l3c. Ducks-16q1Sc.
The Birmingham age-herald., 1917-05-17
Kansas City Grain

Kansas City, May 1s.-Cash wheat, No. hard $2.95Q3; No. 2 red, s2. .s0a2 s7. Corn. No mixed, s1.561k0167; No. 2 white, s1.63@1. .6s1a; No 9 yellow. s1.57g 1.571s Oats, No white, 711s97l%c; No. ? mixed, 71@711zc.
The Birmingham age-herald., 1917-05-17
Meats

Extra Ribs-24ss. Rib Bellies-25ssc. Clear Bellies-24%c. Smoked Be.lies-26c. Breakfast Baeon-2SQ34c. Pork Loins-23c. Fork Shoulders--1Sc. s. Pork Hams-19c. Skinned Hams-29c. Hams-Reg., 29c. Pork Trimmings-1Sc Pure Lard-243s. Open Ke&tle--23c: Compound-191sc.
The Birmingham age-herald., 1917-05-17
Naval Stores

Savannah, May 16,-Turpentine firm, 43A to 45c; sales, 306 receipts, 319; ship ments, 6Ss; stock. 9752. Rosin firm; sales, 1127: receipts, 937; shipments, 2S01; stock,, 7O,057 Quote: B, D. E, F, c, H, I, K, M, N WG wv, $6
The Birmingham age-herald., 1917-05-17
Bonds
Mercantile paner

New York, May 16.-Mercantile paper. per cent; sterling 60-day bills. 4.72 per cent; commercial 60-day bills on banks.
The Birmingham age-herald., 1917-05-17
Fruits and Produce
Sugar and Cereals

Granulated Sugar-S1O cwt., f. o. Birmingham.
 Rice-Fancy Blue Rose, $S cwt Fancy Rice-s7 per cwt. Grits--Cartons, s1 dog. ~ Grits-Sack. $3.S5.
The Birmingham age-herald., 1917-05-17

The ancients supposed rock crystal to be merely ice congealed by intense cold
The Birmingham age-herald., 1917-05-17
Avarv,s Letter

Cotton and stocks emerged somewhat from the gloom and pessimism which