davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1917-09-23
The Artistic Side of Maine

HarriSon Rhodes in Harper'S Magazine
 The variously named harbors which cluster around Mount Desert and may be taken as types of the pleasantest re- sorts on this rocky coast have passed through, historically, three phases. First of all, they were genuinely re- mote places, to which their lovers came only for the far-awayness and the ,aauty of mountain wood, and shore
 TfNn for time it seemed as if the Wholestide of fashion were streaming northea1s, and even Newport might be
 dethroned. NSv in these riper days it | is art which is 1.-the saddle Mprfrs especially can in suamer scarcely thrive at all except in tlless -acI airs. swarm on the island, and in one minor
 harbor last summer 5 earnest music students played on 65 grand pianos along Main street. Owing to the fog the pianos will never be the same aghin, nor indeed perhaps will be the
 students who in this favoring cline lhave matured into concert performers and artists of some fame Artists and musicians and literary folk--when
 there Is an actual congestion of them |anywhere-always seem little comic
 to ordinary people. Rocks alive with
 painters and beaches swarming with
 students of water-color (even the drawing from "the altogether taking
 place in the open on the sands behind a mere frhil cavas fence)-all this adds
 to the gayety of nations. But it just
 as certainly adds to the richness and
 the agreeableness of the nations sum
 mer life It makes the arts and taste
 for them at home among us. It is in- deed all part of the growth of big
 ger and finer democracy.
The Birmingham age-herald., 1917-09-23
Spot Cotton
Pig Iron
Dry Goods Review for Week

New York. September 22.-In creased buying at lower prices has followed the stiffening of prices in raw cotton markets on lines of gray goods, brown sheetings and some heavy convertibles. While many quo- tations are nominally unchanged be- cause have yet to deliver many goods on contract and have no spot goods to. offer. it is possible to buy at concessions if late deliveries are wanted. The lack of accumulations ot goods in first hands has been proved to the satisfaction of many buyers who have tried to secure lines for fill l- ing in for the balance of. the fall job ping season. Print cloths stiffened a full quarter of a cent yard from the low point. Sheetings have been sold at material concessions from the high points of the year to those who will take merchandise for October forward. Colored goods are steadier than brown goods Some unbranded bleached lines are lower in keeping with declines in the gray cloths. There Is general Improvement reported in retail trade. The export demand Is restrained by the difficulty in arranging shipments. Government buying has been done more quietly. Quotations still nominal in many instances as follows:
 Print cloths. 2S-inch. 64x64s, 7Nc: 64x60s. 7Ac: 6Sh inch. 64x64s. sXc; brown sheetings. southern standards. 15c: denims. 2.20s indigo. s8c: tickings. s-ounce,. 35c; prints. 12hc; staple ginghams. 15kc; dress ginghams. 17Mc.
The Birmingham age-herald., 1917-09-23
New Orleans Cotton

New Orleans, September 22.-Bulls in the cotton market here today followed up their successes of yesterday. bringing about excessive high levels by determined buying and forcing strong short interests to- ccss,ess'1 large way. From the low est levels around the opening to the highest prices reached there was a rise of over $6 a bale on the SUI x .gest month, October, which reached 23.8tS cents Q pound.
 Around the opening the market VI ' quiet, with something of a reactionary to points, but profit taking from buy- CTS of earlier in the week caused break from to 14 points below the level of yesterdays close. Just as the market was becoming soft under selling pressure, the ring was flooded with buying orders and prices commenced to mount wildly. The buying continued and the pressure was soon increased by an exceedingly strong demand which was set down by the trade to the account of shorts who had hitherto resisted the upward move ment From the lowest levels prices were lifted 115 to 122 points, where they stood 104 to IF points above yesterdays close.
 Toward the end, profit taking from the long side became rather general and the advance was pared down. Last prices showed net gains of 7S to 81 points. Prt- vate condition reports, one showing percentage of 56.3 and a loss for the month of 3.2 points and the other per- tage of 639 and loss for the month or 43 points were considered more bearish than bullish, but had no influence.
The Birmingham age-herald., 1917-09-23
BANK STATEMENTS
New York Clearing House

New York; September 22.-The actual condition of clearing house banks and trust companies for the week shows that they hold $82, ,754, 520 reserve in excess of legal requirements This is an increase of $7.07O, 110 from last week. The state ment follows:
 Actual condition: Loans, discounts, etc. $3 S95.979.O00 increase $1O0.71S, GOO; cash In own vaults, members federal reserve banks (a) $50, ,19S, ,0o0, decrease s794,0O0; re- serve in federal reserve bank of member banks, $3S1 ,183,000. increase $14. .2S7, GOO; re- serve in own vaults, state banks and trust companies (b). $$96, ,S3s. 900, decrease s7,475,- 900; reserve in depositaries, state banks and trust companies, $92.1S6000, decrease 8, ,3S1, GOO; *United States deposits de- ducted. s27S 212,00O; aggregate reserve, s56s, ,7O7, GOO; excess reserve, $S2, 754,520, in crease $7,070.110
 Summary of state banks and trust com- panies in Greater New York, not included in clearing. house statement:
 Loans, discounts etc., $S47,09400c. in crease $9,67l,700; specie. $59,656,600. de- crease $5Os. 600; legal tenders. Sl5,4437. 900. decrease s1,o6s,50O; total deposits. $10l6,- All 800, increase $17,549,0O0; banks cash in vault, $12,747900; trust companies cash in vault $62, ,345,700.
The Birmingham age-herald., 1917-09-23
WIDE SWINGS RULE
 IN COTTON PRICES
Excited Advance After Early Realizing Sales on
 Bear Crop Reports

New York, September 22-The cotton market showed even greater activity and more violent fluctuations during Satur- days half session. December contracts sold up to 24.5Oc an advance of 110 points from last nights close, and the break of about half cent was partly recovered with that delivery closing at "A. 24c. The general list closed irregu- lar at a net advance of S6 to 105 points.
 The market showed rather reaction ary tendency at the start. First prices were steady at an advance of IA points to a decline of 6 points, but there was considerable realizing after the big ad- vances of Friday, and some scattered selling was probably encouraged by a southern crop report indicating deteriora- ton of only 3.7 per cent in condition since the end of August, which would suggest slight increase in the crop prospects as compared with the figures of last month These offerings were quickly absorbed by Wall street, west ern, Liverpool, continental and southern buying, and as soon as the market began to advance sellers became scarce. Prices jumped up to 10 points between trans actions and for a time it looked like a runaway market. October sold up to 24 soc; January to 24.25c, and March to 24 Doc, or 133 to 145 points above the low level of the morning. The excitement then subsided somewhat and there was a quick break of some 50 to 70 points under realizing October closed at A.50o and January at 24.2Oc. Traders were in clined to attribute the advance to the small early movement, continued good s(oot demand for September shipment and recent reports of mill buying against forward requirements.
The Birmingham age-herald., 1917-09-23
CORN TRADE MIXED
 ON WEATHER TALK
Early Decline in Corn Re- cOvered-Oats for Near
 Delivery Lose Premiums

Chicago, September 22-Only tenn porary setback in the corn market re- suited today from peace terms and fine weather. Such bearish factors were later offset by week -end evening up of trades and by revival of misgivings about eleventh-hour danger from frosts. The close was unsettled at y1.l7B December and s1.15 May-9sc off to Bc up as com pared with yesterdays finish. Oats de- clined 1sGssc to 1ac neJ. The outcome in provisions was an advance from 5d7c to s1.O5.
 The selling of corn took place at the outset, but after the first hour the down ward swing of prices gave place to a gradual but nearly complete reaction. Differences of opinion -s to the market consequences of peace cut some figure in determining the action of values. In various quarters the view was taken that peace would release vessel tonnage and thus lead to an increase of exports. On the other hand, 1t was more generally contended that heretofore high prices of food material had gone hand in hand with war and any definite progress to- ward a cessation in nostilities would mean sharp breaks In quotations. Ab- sence of positive indications that an dihiiStico "@S oNeH tohiotSiS iii SioAs operated as decided handicap to bears, who had associated peace developments with fall in prices. The renewal of fears regarding frost was due to predic- tions of low temperatures for the last part of next week.
 The fact that the oats for immediate delivery had lost their premium over flu ture options had a depressing effect on the oats market. The trade anticipates more liberal receipts from now on
 Millers' acquisitions for wheat con- tinued far in excess of what the food administrators subordinates here could obtain. Receipts at western centers in general totaled for the week but little more than half of last years total for the corresponding period.
 Scarcity in hogs pushed provisions sharply upgrade. Private buying was said to be in evidence.
The Birmingham age-herald., 1917-09-23
Reserve Board Statement

Washington, September 22.-An in- crease in total resources of approxi : mately $50.000,0O0 was recovered dur ing the week by federal reserve banks The condition of banks September 21, was as follows:
 Resources: Gold coin and certificates in vault. $430.979.000. gold settlement fund, 7S,3S7 ,000; gold with foreign agencies, $52 1900. 900; total gold held by banks. 1856. 6.Ss6. 900; gold with federal reserve agents. $5S6009.0 900; gold re- demption fund. s,442.ooo; total gold re serve. $1,402.317. 900; legal tender notes, $1.452.251.000; bills discounted (mem- ,bers), $1ss.75S,000; bills bought in open market. $161,012,000; total bills on hand. $344.770.000; United States government long term securities, $53,929,000; United states government short-term securi- ties. $41,070,0 900; municipal warrants. $214,000; total earning assets. $438. .983,- 900; due from other federal reserve banks. net. $1,s3S,000; uncollected items. $237,7O4.Q00 total deductions from gross deposits. t23s.041OO0; five per cent redemptions' fund against federal reserve bank notes, $5o0.0o; all sources, S2.1s2.l7s.0oo.
 Liabilities: Capital paid in, 35s.s54.- 900; government deposits, $25 ,000; due to members. reserve account, $1,151. .704. .000; due to nonmember banks, clearing account. $60,779,000; collec- tion items, $184.44S,O0O: total gross de- posits, $1,3s1, 962.000; federal reserve notes in actual circulation. $670,246. 900: federal reserve bank notes in circu- lation. net liability, $s.0oo.0 .000; all other liabilities. including foreign govern
The Birmingham age-herald., 1917-09-23
Peace Note Excuse For Sale Stocks; Cotton Very Strong; New Gains Made
By c. K. AVERY

By '. 1T
 The German and Austrian peace notes were seized upon by the bears in the stock market yesterday as an excuse for drive, which did not pan out very suc- cessfully. Recoveries were easily made, although the heavy buying of coppers and steels which was noticeable Fri day was absent. There are number of things yet to be adjusted before there can be any sustained advance in secur- ity prices The balance of the price fix ing programme must be gotten out of the way and the taxation measures fi- nally settled before business can know exactly where it stands and base prices accordingly. Likewise there can be no forward commitments made until these things are definitely settled.
The Birmingham age-herald., 1917-09-23
Atlanta Reserve Bank Statement

ResOurces-Gold coin and certificates in vault, s6,24o,77145; gold settlement fund, sl0Ss. .25O; gold with foreign agencies $i,- 575,0 ,0OO; gold with federal reserve agent s2S, .S45; gold redemption fund, $s3S. .sO4. .2y total gold reserve. sS7,53o,77O.74 Legal ten der notes silver, etc, $45e. 295. .25; total reserve, $37, ,SS7. .o65 .S9. Bills discounted members, S5.0A5.S41. .76; member banks col lateral notes, $2,501 $50; bills bought in open market. $1,7S1 ,054 46; municipal war rants S10.000; United States long term securities (bonds) $Sss, ,750; United States short term securities Certificates, etc), s5, 7S4 600; total earning assets, $15959, ,496 22 Due from other federal reserve banks collected funds, $3.623.O27. .S2; transit items SIG, .641. .72; national bank notes, $674 S59; mutilated currency forwarded for re- demption. $00,o0o; all other resources, $354. .49O. 4s total resources, $69, ,216, 4s1. IS.
 Idahilities-Ca Capital paid in. s2,502, $50; government deposits. $1,721. 53; due to members reserve account. $26556. .S44. .S1; 1; due to nonmember banks, clearing ac- count, N1s 415 II; transit items. N69e. .0as. .ss: federal reserve notes in actual circula- tion, $30. 4SS, 215; all other liabilities, $751;. 344. 45; total liabilities. $69, 6,AS11s
The Birmingham age-herald., 1917-09-23
Weekly Financial Review

New York. September 22.-A continual ton of the selling movement early in the week sent quotations in many in stances to new low figures and was fol- lowed by pronounced change In the aspect of the stock market. The de- mand increased largely and liquidation of investment shares, one of the unset ting features of the long decline. was suspended. Prices advanced sharply, es- pecially in the industrials, and trading increased on the rise. Toward the close of the week. the upturn was checked. and at some points reactionary tenden- cies again appeared but losses on this turn of the market were comparatively small.
 Questions. such as those raised by war tax legislation, governmental price regu- lation, and the position of the money market continued to becloud the out look, and greatly restrict outside partici- patton in the stock market. Neverthe- less the weeks developments. as a whole, were distinctly encouraging. and met with direct response in the mark ing up of quotations.
 Of especial interest were the steps taken by New York bankers to stabilize the money market. The putting out of large sums in loans produced no marked relaxation in rates but the policy adopted was regarded as safeguard against cratic fluctuations and onerous conditions. The agreement on price of 231ac for copper metal gave impetus to the advance in stocks. The fixing of this price quieted apprehensions of a drastic reduction. and was interpreted as a favorable indication of the manner In which similar questions will be set tied. The steady improvement in the Russian situation. also influenced senti- ment favorably.
The Birmingham age-herald., 1917-09-23
New Orleans Futures
Port Cotton Market

New Orleans: Middling, 350c; receipts 2s69 sales, 3OS5; stock. S6,34S.
 Galveston: Middling 2o 10; receipts, sS7S; sales, 1172; stock, 158, PAP.
 Mobile Middling, 23.Ss receipts. 2S3; sales, 6S; stock, 13,930.
 Savannah: Middling, 23.50c; receipts, 5722; sales, 275S; stock. 112, 100.
 Charleston: Middling. 24c; receipts, 705; stock, 8115.
 Wilmington: Receipts, sSs; stock. 5,4s1 Texas City: Stock, 90
 Norfolk: Middling, 24.50c; receipts, 1259; exports, COCO; sales, 6s; stock. S1,S03.
 Baltimore: Stock, 23645
 Boston: Middling, 247o; receipts, S2e; stock $500.
 Philadelphia: Middling, 25. .s5c; receipts, 45; stock, 47S9.
 New York: Middling. 25.7o; stock, sS.- 227.
 Minor ports: Stock. S394.
 Total today: Receipts, 20,775; exports. 5000. stock, 567,074. Total for week: Receipts 2o,775; ex- ports, 5000.
 Total for season: Receipts, 7s1.24e; exports, 61S,457.
The Birmingham age-herald., 1917-09-23

After a little weekend realizing the cotton market took another squirt to- day, which registered new highs for the move Weld was put down as one or the largest buyers. His cliental consists principally of New England spinners and his views, recently expressed to the ef- feet that the south could not finance 20-cent cotton, doubtless was refiec- tion of the views of eastern spinners. That they have been reckoning without their host is amply proved by the re- cent advance. The little brown men (Japanese) have made no mistakes in guaging this cotton market, and have been active on the bull side. do not look for any setbacks of consequence until bureau day.
The Birmingham age-herald., 1917-09-23
Shepard & Gluck's Letter
(By Campbell's Wire.)

IBy CampbeITs W1Te.J
 A surprisingly strong bulge featured the weekend trading in cotton. Around the opening the tendency was to react and just when the market was beginning to show a somewhat easier tone under weekend realizing. determined support was offered and prices spurted upward over a cent a pound. Western interests were credited with being most prominent buyers. The buying was done in the face of two private bureau reports on condi- tion which could hardly be called bullish At least they were not in line with pri- vate reports of late concerning the crop. The Watkins bureau put the condition at 63.9 per cent of normal. loss for the month of 4.3. The national gik s~s put the percentage at 66.3. loss ofA 82 points. Profit taking pared the 3
 down somewhat toward the end close showing net gains of s78 to ST sp4
The Birmingham age-herald., 1917-09-23
Miscellaneous Markets
Live Stock

Chicago September 22.-Hogs: Receipts, 400; Monday, 25.0Oo; market. strong, Sc to iOc above yesterdays average; bulk, SIS 9ls.20; light, ST. .5OQ1s 80; mixed. s17.5o5 1885, heavy, ST. .4591s.s5; rough, SIT. 7.459 IT. 6; pigs, s1S.75a17.75.
 Cattle: Receipts. coco; market, weak; native beef cattle. S.50a17. 90; western steers, ss.70Q15.75; stockers and feeders. ss. 4od11. 25; cows and heifers. s. .15QI2 90; calves, 1.5oaas
 Sheep: Receipts, 5000; market, weak; wethers. s9q12.6O; lambs, $13qis.l5.
 St. Louis, September 22-Hogs: Re- ceipts, 2OOO: market, steady; pigs, SAC l7.75; good heavy. $ls.sOa19; bulk. s.s5Q S95.
 Cattle: Receipts. 1900; market, steady; native beef steers, ssq17. 50; yearling steers and heifers, $7Q16; cows, s6d10; stockers. s6.5049 50; native calves. $5. 75Q 15.
 Sheep: Receipts. 800; market, steady; lambs, $12@17. .75; ewes, SIG. .50p11; wethers, S10. 50tt12. 50; canners and choppers, $5a7.
 Kansas City, September 22.-Hogs: Re- ceipts, l500; market, strong; bulk, SIS. .2ca S.90; heavy, SIS. 50a1S.95; packers and butchers, SIS. 40a1s.9O light, s17.s5Q1s.So; pigs, $l6. .50017 .25.
 Cattle: Receipts. 300; market. steady; prime fed steers. s16. 25q17.25 dressed beef steers, 1.50q15. 70; southern steers. GQl2; cows, s5.50d10. 25; heifers S7alS; stockers and feeders, s7a14; bulls, s6GS; calves, $7q13. 50.
 Sheep: Receipts, none; market, steady; lambs, $15.25Q1s.25; yearlings. $l2QIS5o; wethers, s11q12. 50; ewes, s1O. .5odp12.
The Birmingham age-herald., 1917-09-23
McKinnon's Letter

Corn: Ideal conditions over the corn belt and forecast of generally favor able weather for several days precip- itated considerable volume of selling in corn. Offerings were absorbed by a substantial class of resting orders.
 Despite the stubbornness of the mar ket and its ability to withstand pres sure. sentiment remains bearish be : cause of the weather outlook and be- cause the edge is off the cash corn market.
 Oats; Shorts in September oats were again liberal buyers but selling. the December. Houses with eastern con nections were buyers of the December with intimations of moderate export business done. Domestic demand was slow
The Birmingham age-herald., 1917-09-23
COTTON GOSSIP
Weather

Weather
 Map shows cloudy south Texas, Mis- sissippi, east Tennessee and along At lantic coast. Generally fair elsewhere. Scattered light rains north Louisiana. east Tennessee. Warmer Atlantic ter ritory. Map indicates unsettled. rainy weather in belt Some rain disturbance over north Florida might give heavier rains in south Georgia. Map shows no storm lines.
 Rainfall: Asheville, .os; Chattanooga, .oS; Atlanta. .0s; Augusta, .24; Jackson vile, .2S: Del Rio, .02.
 North Texas generally clear, 63; gulf coast generally clear, "A; east Texas, generally clear, 65; west Texas generally clear, 63; central Texas generally clear, 69; Louisiana. generally clear, 65; Arkan- sas, generally clear, 62; Oklahoma clear, e6
The Birmingham age-herald., 1917-09-23
Hubbard Bros. & Co.'S Letter

New York, September 22-At the open Ing the market felt the Influence or hedge selling and declined some 30 points. From this time very rapid ad- vance occurred of over 1 cent pound caused by the covering of what was thought to be the last of the large short accounts in the market. With few sell CTS, the market advanced by leaps and bounds until the buying orders were filled because it caused the execution of many other top orders. So rapid has been the advance this week through the covering by the large extended short in- terest that 1t is hardly possible any fur ther accounts are open for a decline. The technical situation is. therefore, very different from week ago when the covering of the September commit ments began because of the late move ment of the crop. After the close the curb was 15 to. 20 points lower. Ma tional ginners decline In condition was in line with the moderate deterioration reports. Their conclusion pointed to a commercial crop of 144o0,0OO bales.
The Birmingham age-herald., 1917-09-23
MORRIS AVENUE

The market was practically bare of fish and oysters Saturday. In fact, snapper was the only fish obtainable. Salt meat made It's dairy advance. This time cent jump was recorded. Irish potatoes also were put up 10 cents per bushel. Quotations follow
 Poultry Hens-24925c. Fryers-32G33c. Guineas-36c. Roosters-15c. Extra Graded Eggs-42e. Candled Eggs-40c. Turkeys-Lfve, 2Sc. Ducks-20Q22c.
 Meats D. S. Ribs-25s4c D. s. Clear Bellies-30c. D. S. Rib Bellies-30e Pork Loins-32c. Choice Steers-15q1Sc. Choice Lambs-26c. Premium Lard-2611c. Compound Lard-1S%c. Choice Hams-30c. Choice Bacon-42c.
The Birmingham age-herald., 1917-09-23
Money Market

New York. September 22.-Mercantile paper, 5A per cent; sterling O-day bills A72; commercial 60-day bills on banks A.711z; commercial 60-day bills, 471s.; de- mand. $4.75.s: cables, 7-16; bar silver, t10811.
 Francs demand. 679N cables. 57sM Builders demand. Az; cables. 42;. Lires, demand. 7z5; cables TIA. Rubles. de- mand. 171as cables. l7A. Mexican dol- lars, S6c government bonds steady; railroad bonds easy,
 London, September 22.-Bar silver, 65d per ounce; money, 4 per cenet; dis count rates. short bills, A per cent; three months bills. 1916 per cent
The Birmingham age-herald., 1917-09-23
Cotton Seed Oil

New York, September 22.-The cotton seed oil market was stronger and higher on general buying, prompted by the strong cash position. the advance in cot ton and firmness in lard. Closing prices 2S to 50 points net higher; January sold from 16. 25c to 14.47c, and closed at 16. 43c. Sales. 197O0 barrels; prime crude. 14.93o nominal
The Birmingham age-herald., 1917-09-23
Opinions

H. F. Bachman's: "Watkins bureau reports condition of crop as of Septem- Der 10 at 639 vs. 59.3 on same date last year and 6S.2 on August 22, this year. Present condition indicates a crop of 12,230,0O0. There is feeling in the local cotton goods market that export trade will soon begin to broaden as increas- ing inquiries are being received from a number of foreign countries for both finished and unfinished goods"
 s. M. Weld says: 'sWhle some deterio- ration has been reported advices indi- cate that the crop Is making much bet ter progress than IS normal at this sea- son."
 Bond: Tt all depends on demand for spot cotton and this will be accepted for barometer of markets course in the future"
 Carpenter: "Western operators have been accommodating. cotton for past week on theory that cotton is the cheap est commodity
 Norden We see nothing in the cot ton, peace or war; to indicate any prob ability of a decided decline"