davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1917-09-12
STOCK GOSSIP

A railroad man who talked with the New York Sun yesterday said that our Washington lawmakers were still rabid against the railroads for political effect at home: that there was no prospect of obtaining higher rates from the inter- state commerce commission, and that the railroads were being devoured by high costs for materials and labor. And yet, he added, the railroads of this country are working Loyalty to help the govern ment, and never before in their history have they given the public such perfect service as at the present time.'
 Some choice corporation plums that have been overripe for many months are being put in cold storage owing to the proposed heavy increase iii the income tax. It was learned yesterday that in at least one instance where the stock of a certain company is closely held by wealthy persons the directors would de- clare some handsome dividends out of SeaaaEe those wealthy investors who would receive the choice morsels would have to turn the greatest part over to the Uunited States government under the income tax law. Therefore, the stock holders are content to permit the surplus funds to rest in the treasury pending the time when the law is over and the income tax will not be so burdensome.
The Birmingham age-herald., 1917-09-12
STOCK DEALINGS
 VERY MUCH MIXED
High-Priced Stock, Motors and Rubbers Very
 Weak

New York, September 1.-The course oe the stock market was governed largely today by the pronounced weakness of a comparatively small group of specialties and low-priced railroad shares. Specula- tive sentiment appeared to be confused and in the absence of new factors of ma terial influence, the operations disclosed on well developed initiative. The uncov- ering on a comparatively small amount of selling of few soft spots accordingly was sufficient to impress the whole mar ket, and it eased off gradually.
 At the outset cheerful tone prevailed and there were appearances of short cov- ering. This tendency disappeared, how ever, when it became apparent that the demand was light and the market. was sensitive to pressure Early gains, amounting to point or more in the cases or various representative issues, were lost and in the afternoon a general downward trend developed.
 The motor and motor accessories stocks were especially heavy. General Motors was sold steadily and lost more than ' points, only small part of which was recovered Maxwell, Studebaker, Chan dler Rubber and Goodrich broke sharply Pullman continued it's decline and marked weakness appeared in Sears-Roebuck and Agricultural Chemical. In the railroad list the weak point was again New 1toFeh' WnlcH sIumped three points to new low record of 21h.
 The drop in rubles continued today, and under the influence of the disturbed political situation in Russia and the complete absence of demand the sharp est break of the movement occurred.
 The rate fell cents to new low rec ord at 1S1s. On the curb Russian sh per cent bonds broke 3 points to a new low at 75 and 51a's fell to 66
 Somewhat easier conditions prevailed m the money market. Cal1 money did not rise above 5 per cent and time funds were loaned at 51a for all dates.
 Bonds were heavy. Total sales. par value $3,S50,O00 Liberty bonds were easier selling from 99 to ss down to s9, ss
 United States bonds were unchanged on call
The Birmingham age-herald., 1917-09-12
COTTON RESUMES UPWARD
 TREND; STOCKS ARE WEAK

It seems difficult for the stock mar ket to get out of the doldrums. The liquidation of high-priced securities. such as Pullman, General Electric, American Telephone and Telegraph and other shares which hitherto have been re- garded as being in the gilt edged class continues. This swapping around of in- 'vestment shares is no doubt in the na- ture of tax lodging. Rather than pay taxes on the dividends from high priced shares it is quite likely investors pre- fer to put their money into low cost stocks and get their profit from the en- hancement in value and thereby dodge the taxes
The Birmingham age-herald., 1917-09-12
COTTON ADVANCES
 S2 PER BALE
Caused by Good Spot De mand and Storm
 News

New York, September 1L-Strong gains early part of the day, when October sold up to 2O.90c and December 2O.75c, representing 60 to 65 points net advance, were not entirely maintained because of realizing near the close. inspired by dis quieting Russian news, and final prices were A to 53 points net higher. There was a good deal of Liverpool buying after the opening which was partly sup piled by large sales credited to western accounts. In addition covering move ment of large volume took place, im- pelled by low temperatures over the belt, notably the southwest and by a govern ment storm warning from the Caribbean sea.
 The opening was steady at an advance of 16 to 25 points. According to well known southern authority condition fig ures showed a decline of AS points for the full month last year. This was con sidered quite bullish and helped strengthen the early market. Advices from the south were somewhat conflict ing, those from Texas reported good spot demand on a higher basis, while others, from the eastern belt, said the demand was temporary, to cover Sep tember shorts, and that exporters were buying very sparingly, with the move ment increasing. October contracts. be- cause of an embargo on shipments from Galveston to New York, and the small stock of cotton here available for de- livery, were relatively strong through out the day. The forecast indicated ris- ing temperatures in the southwest and led to some selling on the midday bulge, although the cotton seemed to be well taken and the market throughout the day had a steady undertone.
The Birmingham age-herald., 1917-09-12
New York Futures
New Orleans Cnttnn

New Orleans, September 11.-An ad-
 vancing tendency was again displayed
 by cotton here today, prices standing $3
 a bale up at the best levels of the ses- sion. Reports of crop deterioration were
 the main factor. Increasing the dispo- stion to buy were accounts of con- tinued improvement in the spot demand
 and the warnings regarding the tropical
 disturbance in the Caribbean sea.
 The opening was at the advance and in
 the early trading prices improved asout 40 points. A feature was a private bu- reau report on condition showing a loss of 4.5 points since the last government report carrying the crop down to Au- gust 9. The rains in Texas were con- sidered unfavorable and low tempera- lures over the belt generally caused nervousness among shorts but because it was feared they presaged an early fall With several minor setbacks the ad- vance was gradually widened until, in the early afternoon, the most active months were 59 to 65 points up Realiz- ing by early buyers pared the gain down somewhat toward the end, closing prices l showing net rise of 4s to 45 points
The Birmingham age-herald., 1917-09-12

Cotton continued it's upward trend to- day, influenced by short covering by Liverpool purchases of big blocks by Riordan, who usually trades for Scales, Temple Gwathney and spot houses. Western houses were also put down as good buyers. A big influence was the National Ginners condition figure, which placed the deterioration at AZ points for the period reported. Also the tropi- cal storm heralded some days ago was reported moving on the Gulf of Mexico and threatening to hit Texas. The day wound up with net advances of from $2 to s3 per bale and the outlook is for further advances.
The Birmingham age-herald., 1917-09-12
Shepard & Gluck,s Letter

New Orleans. September u.--Continued hrmness was displayed by cotton today, moderate buying serving to put prices up for a rise of 8 a bale or more. Cotton is going higher quite as easily as 1t re- gently declined. Crop deterioration is the main bullish influence now at work
 The report that the Natonal Ginners' association was out with condition fig uring showing a loss of 41h points since the last government report was a fea- ture of importance. It was confirmed by private reports from here and there over the belt, telling of 8 variety of ills befalling the plant
 Back of the unfavorable crop accounts were the continued warnings from the weather bureau forecasting the storm in the Caribbean sea- The storm, or storms there appear to be taking the course which lands such disturbances in the Gulf of Mexico. Once they are in that body of water there is no telling where they will strike.
The Birmingham age-herald., 1917-09-12
CIark's Letter

New Orleans, September 1.-The Ma tional Ginners makes the decline in crop condition for the half-month 4lz points against points for the whole month of September last year. Therefore, unless deterioration is arrested. the next bureau is liable to show greater loss than last year
 The market received a setback by New York ticker news of submarine battle off the coast of France with the rumor of two American ships being damaged. However, after 15-point reaction .he market soon pulled up again. Advces from the interior generally show a higher spot basis being paid. Political news. of course. is the pet weapon of the bear forces right now.
The Birmingham age-herald., 1917-09-12
Hubbard Bros. & Co.'s Letter

Today the temper of the market WAS more in favor of a reaction than yes terday, as it was felt that the effect of the reports of deterioration had not been accurately registered in the ad- vance of yesterday. From the opening the local traders were asctive in buying the offerings, though it was noticeable that on the advance the demand from spinners' brokers was not as much in evidence. The storm in the Caribbean sea has not yet become fully devel- opend, excepting that 1t is reported southeast of Jamaica, moving in a west, northwest direction, which, if continued, would carry 1t toward Mexico. Its force is not mentioned. The advance con tinued until nearly all the active deliv- cries sold around 20.70c. From this level there was a substantial reaction.
The Birmingham age-herald., 1917-09-12

Money Market

New York, September 11.--Mercan- tile paper 5@5A sterling 60-day bills 472; commercial 50 day bills on banks 4.711a; commercial 60-day bills, All as demand. 4,75 9-16; cables. 9.76 7-16; bar silver, 9S5s government bonds steady; railroad bonds heavy: time loans eas fer; SO days 90 days and six months, 5A call money easier; high. D. low, 4 ruling rate. 5; closed 4@41a; las: loan, AZ.
 New York. September 11.-Francs, demand, 5.7S15; cables, 5.771a guilders, demand. 15-16; cables, 42A; Tires, demand. 7.7s, cables, TIT; rubles. de. mand, 131a; cables, 13A.
 London, September I.-Bar silver. 50 pence per ounce; money, 3& per cent; discount rates. short bills, IA pc. cent; three months bills. i13-l6 per cent.
The Birmingham age-herald., 1917-09-12
GRAIN GOSSIP
Opinions

Opinions
 B. F. Co.,. "The weather will decide the course of today's action in corn. Be- lieve oats can be sold on all little rallies.'' Ware & Leland: Expect there will be a recession in corn prices from around present levels. The movement of oats seems ample for the demand and we be- lieve there win be some reaction in values from present prices.''
 Logan & Bryan: The action of the corn market for the immediate future still hinges upon the weather.
 Weather
 enthusiastically cloudy, 30 to 52. Northwest-Part cloudy, 36 to 5S; heavy frost at St. Paul. West-Generally cloudy, 36 to 5S; frost at Chicago Charles City, Dubuque, Day. enport, Springfield.
 Southwest-Generaily cloudy, A to 58. Ohio Valley-Clear, A to 46; frost at Dayton, Columbus,
 Frosts Heavy frost at Paxton light frosts at Ottawa and Roberts; frost at Champagne Galcsburg, Decatur; light frost Peoria; killing frost reported at DeKalb
 IOWd-LlSlt lTOSl dL MuScdtlilt, DdvSll- port, Des Moines, Waterloo, Cedar Rap ids Mason City, Marshalltown and Du- buque.
 Private Wire Flashes
 Fort Wayne, Ind, wires local house at 10 D. m. last night it was 32, and at a. m. this morning it was 26. This is six degrees below freezing. Garden truck, etc, was killed. Don't know what effect this will have on corn, but certainly will hurt it."--Wild to Campbell.
 ''B. F. Co selling corn. Wagner buying May; big trade on. Dealers in central Illinois say they think no frost damage Babcock to Stewart. f
 Eastern selling again came into corn and crowd backed away from it.-Bab- cock to Stewart.
 Winnipeg-"Board of grain supervisors for Canada has fixed the maximum price of wheat at $2.20. This corresponds with the price fixed by the government order in the United Flicker.
 Good many private reports of freezing temperatures coming from Illinois and Indiana. ' Babcock to Stewart.
 Minnesota, Iowa, Rakotas, Nebraska, Kansas: Part cloudy tonight and to- morrow warmer tonight.
 Illinois. Missouri Fair, warmer.
The Birmingham age-herald., 1917-09-12
Clevenberg's Letter

New York, September 1.-The firmness and better tone was due to buying by Liverpool, less pressure from hedge sell ing and the. National Ginners deteriora- tion of AZ per cent in two weeks helped firmness Riordan bought 10000 bales of January and March in the afternoon, supposed to be for spot people, but Rus sian news and runurs put a damper on the market in the late trading. The selling of the day was mostly scat tered Majority opinios, is friendly to the market at this level. but the big people as yet show no disposition to take the long side aggressively
The Birmingham age-herald., 1917-09-12
Hutton's Stock Letter

New Pork, September 11-Arfbther day of liquidation ins investment stocks and motors and comparatively small dealings in the balance of the list. Pnllraian, Sears -Roebuck and New Haven all made new lows. Without question there is short selling in some of these stocks but on the decline enough long stock comes out to supply whatever buyers&appear The fact that the allies bought large block of copper at 25c has given a cer- tain amount of strength to that group. Peace talk continues and some people think it is a peace market. In our opinion, what really is occurring is ad justment of investments, money rates and a cleaning up of the old bull speculation, which has run for three years. Reading is one of the few stocks that is left selling on less than a 5 per cent interest basis. We think it is bound to adjust it. self to all other securities.
The Birmingham age-herald., 1917-09-12
Private Wire Flashes

Stocks-TiclSer says there is liquidation of investment stocks.-Pyncheon.
 Stocks-Steel looks 10 be a good buy on all little reactions. There has been splendid buying of low-priced rails.- Morse.
 Washington-Copper committee will meet at 10 a. m. tomorrow-Dow-Jo ones.
 The improved Mexican situation war rants purchases of American Shelter and Mexican Petroleum, and the buying of Marine common is of most persistent character.-Hensley.
 Southern railway declared 214 per cent dividend on preferred stock-first since 1914. Wagner to Campbell.
 With prospects of government announc- ing the 25 cent rate for copper, we look for good upward move in the market, especially in copper stocks.-Bache & Co.,
 Some liquidation orders and traders helping it along by offering of Goodrich
The Birmingham age-herald., 1917-09-12
s. R. Stewart & Co.

4o1-2 Woodward Bldg. Birmingham. Ala. Cotton. stocks, bonds, grain. provisions and cotton seed oil. New Orleans cor respondents Jno. F. Clark < Co Direct private wire. continuous quotations.
 Phone Main 5ez. WI PHELPS, AIgr.
The Birmingham age-herald., 1917-09-12
Metal Market

New York September 11-Copper firmer; electrolytic spot nominal; last quarter. S25.50027; iron firm and un- changed. Metal exchange quotes tin steady. Spot. s6t. 25961.75. At London: Spot copper, e120; futures, el19 los: cleo trolytic e137; spot tin, e242; futures, G24l 15s. The metal exchange quotes lead quiet; spot. $937Q975. Spelter steady; spot St. Louis delivery, $7ST9S.12. At London: Lead, spot, e30 1Os futures. a2s los; spelter, spot, e54; futures e70.
The Birmingham age-herald., 1917-09-12
Hubbard Bros. & Co.

Cotton Merchants, Hanover SQuare. N. VI Members New York Cotton Ex. change. New orleans Cotton Exchange. new York Produce Exchange Associate Members Liverpool Cotton Association. Orders solieited for the purchase and sale Of Cotton and Cotton Seed Oil for future delivery. Special attention and liberal terms given for consignmentn 1T of spot cotton for delivery. Correspon9. once invited
The Birmingham age-herald., 1917-09-12
ure quotations were as fol1nwa:
Cash Grain

Chicago, September 11-Corn, No. vel low, s2.23Q2. .2315; No 3 yellow, g. .2s; No. 4. s2.19. Oats. No. 3 white, 5S%c; stand ard, 6O06034c. Rye, No. ?, s1.S6GI1. .S6lh barley. $1 25Q1 .sS; timothy, $6a7. .5A; clover, $l5@D. Pork $42.75; lard, $2S. .69Q23. 70; ribs, $23. .55023. .95
 St. Louis, September 11-Cash corn. No. 2, $2.0SiNo. white. $2.1S; Septem- Der, $1. 67; December, s1.17M Oats. steady; track No. 2, 591zc; September, 59c; Decem- Der, 5S9sc.
 Kansas City. September u.-Corn, No mixed, s. 1902 IT; No 2 white, g. 20: No. ? yellow, s2.1602. IS. Oats: No. 2 white, 6oQ6O1kc; No ? mixed, 5s060c
The Birmingham age-herald., 1917-09-12
Rice Market

New Orleans September n-Rough
 rice was strong today and clean rice strong. Receipts: Rough, 1915 sacks;
 uillers, 651 sacks; clean, 23S9 pockets.
 Sales: Rough Honduras, 5O05 sacks; Carolina 800 sacks; Japan. 800 sacks; clean Honduras, 15.044 pockets; blue rose 2032 pockets. Quote: Rough Honduras 5.16d6.S0c; Carolina, 5.25@6. 75t; Japan,
 5.25@6.3 35c; others unchanged
The Birmingham age-herald., 1917-09-12
Cotton Seed oil

New York, September 1.-The cot ton seed oil market closed steady; spot, f5.60c bid: September 1574c; Oc- tober, 15.64c; November. 15.23c; De cember. 15.21c; January, 15.25c; Feb ruary, 15.2sc; March and April, 15.35c: total sales, 27,9O0.
The Birmingham age-herald., 1917-09-12

Flour and Feedstuff Michigan Patent Flour -$Lz.eo. Idaho Patent Flour-$12.30. Tennessee Patent Flour-s12.10. Illinois Patent Flour-$13 FIigh-graae Self-Rising flour-s12.1o Medium Graae Self-Rising Flour-$1 $11 .95 Hard Winter Wheat Flour-s13.15. Perfection Cornmeal-$4.5O per 96-pound sack.
 Hen Feed-$410 per 1oO-pound sack Mixed Horse and Mule Feed-S5SQ6o. C. S. Meal, per cent-S47. Cremo Feed Meal-$35. Old Style Hulls-$23. Lintiess Hulls-$15 Gray Shorts-$54. Wheat Bran-S43. Corn-$2.25.
 Corn Chops-S4.50. No. 2 White Oats--S0c per bushel. Wheat--S4 per 100-pound sack. Choice Pea-Green Alfafa-$34 per ton. Choice Timothy Hay-$29 per ton. No. 1 Timothy Hay-$2S per ton. No. 1 Johnson Grass-$22.
The Birmingham age-herald., 1917-09-12
MORRIS AVENUE

An advance in full cream cheese of cent Tuesday was about the only change of note. California Malagas are quoted at s225 and it IS understood an advance in eggs may be expected shortly. Meats and vegetables remained unchanged. Hens-21922c. Fryers-2SQS0c. Guineas-35c. Roosters-14Q15c. Extra Graded Eggs-42c. Candled Eggs-40c. Turkeys--Live, 25c. Ducks-17Q1Sc.
 Meats D. S. Ribs-A.97c D. S. Clear Bellies-2Skc. D. $. Rib Bellies-2Slze. Pork Lolns-30c Choice Steers-15@isc. Choice Lambs-26c. Premium Lard-261ac. Compound Lard-1724c. Choice Eiams-29c. Choice Bacon-40c.
The Birmingham age-herald., 1917-09-12
Coffee Market

k New York, September 1.-The mar ket for coffee futures opened steadier with prices to points. above the previous close. There was fair out side demand for the late positions, but trade interests sold and late in the day prices reacted partially from the top closing to 2 points net higher. Sales. 21,250 September. 745c; Octo- ber 7.52c; December. 7.70c; January. 7.7Sc; March, 7.92c. May, sore; July, Sale. Spot dull; Rio 7s 9c Santos As, 1oc. Cost and freight offers were shade lower owing to reports of cheaper ocean freighG ates. Santos As were quoted at 9.30c and Rio. IS at 8,15c for London credits.
The Birmingham age-herald., 1917-09-12
Miscellaneous Markets
Naval Stores

Savannah, September u.-Tprpentine firm. s91sc. sales, 213; receipts, 405; ship ments. 454: stock, 32.937. Rosin firm; sales. 1G42; receipts. 15ls; shipments, 2495; stock, ss,7l6 quote: B, D, P. F, s545; G, II, I, $50; K, $5.65; M s5.s5; N, ss.s0s VIC, s71O; wv, S73G
The Birmingham age-herald., 1917-09-12
Fruits and Produce

FruItS and FTOduCe BananaS-$1. .75tp2. Fresh Peanuts-12c lb. Oranges California, $5. Lemons-S8= crate. New Irish Potatoes-S1.50 bu., s5 bbl. Spanish Onions-$1.75 75 crate. Onions-Y ellow, s1.75 crate. Onions-In bulk, 31sc lb. Navy Beans-16c lb. Lines-Imported, SIPS. Apples-Box $275. < Watermelons-25@30 Pineapples- -$3.25 crate. California Flums- -s2. .25Q2.5o per crate. Cantaloupes-Flats $1. Cabbags-21sc h. Sweet Potatoes-s4 barrel. Peaches--$3.5 50 crate. Grapes-$2 crate. California Malaga Grapes-s225.
The Birmingham age-herald., 1917-09-12
Dry Goods Market

New York, September 11.--Cotton goods were steadier today with trading slightly more active on a low basis. Yarns were quiet; wool goods quiet; silks slow.
The Birmingham age-herald., 1917-09-12
New Orleans Futures
New Orleans Spots

New Orleans, September 11.-Spot cot ton steady, 13 points up. Sales, on the spot, 503 bales; to arrive, 600; low mid ding, 19.75c; middling, 2o.73c; good mid ding, 208Sc; receipts, 43S9; stock, 72,20O
The Birmingham age-herald., 1917-09-12
Meats
Creamery Products

Butter-Creamery 46lzc; southern but ter, 4515c; oleomargarine 2Sc.
 Full Cream Cheese-Tc.
The Birmingham age-herald., 1917-09-12
Liverpool Cotton

Liverpool. September 11-Cotton, spot in better inquiry; prices un- changed; good middling, 17.35d mid ding. 16.95d: low middling, 1645d; good ordinary 15.50d ordinary, 15d; sales, 5000. including 2700 American; receipts, IT, 400 bales. all American; futures. unchanged; September, 15.77d September and October. 15.47d; October and November. 15.05d; December and January, 14.50d; January and Febru- ary, 14.40d; March and April, 1422d; May and June 14.06d. The above are all fixed prices.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-04-07
PACKARD SHOWS
LARGE INCREASE
IN AUTO SALES

A sidelight on the firm conditions
of business generally in the United
States is reflected in the report of the
Packard Carriage Sales Board, at its
March meeting, to the Packard Motor
Car Company The board is composed
of the sales managers OF Packard
branches and dealers establishments
in nine of the principal cities of the
country. 1t announced an increase in
business from February Is to March
Is of IS percent over the same period
In 1916.
As purchasers of Packard cars and
trucks are conservative business men,
this should be reassuring Information.
A salesman in Philadelphia who re-
Gently took the order of prominent
Philadelphia banker notified the fac
tory that the banker had talked to
him at considerable length about his
own feeling in the matter of purchas-
ing new car. %
II had made up my mind to forego
purchasing a new car this year" the
banker said, but I decided to study
the conditions of affairs in America
and found things in such excellent
shape that / became confident that
there could be no serious depression
for at least two years, no matter what
happened-war, crop failures or what
ever else might come short of down
right disaster -.
1t is somewhat curious coin
cidence that a large percentage of the
increased business last week was in
two points that were completely snow
ed in by the heavy storms that visited
the northern section of the country
from March 10 to March 17-Toronto
and Rochester.