davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1917-12-28
SOUTH HAS MUCH
 COTTON ID OFFER.
Quotations Go Back Under the BOG Mark, With Near
 Months Easy

New York, December 27.--An early advance met increased southern of ferings in the cotton market today and was followed by reactions, witl, March selling off from 30.1oc to 29.S0c and closing at 29.S1c. The general list closed barely steady at a net decline of 10 to 23 points, with the near months relatively easy.
 There was renewal of yesterday's $ buying movement at the start first prices being points lower to 27 points higher, with January selling up to S0.Sc right after the opening, or 2S points above last nights closing fig ures. The highest point reached by December contracts on the advance of last week had been 3073c and other months as well as January made new high records for the season. There was trade buying as well as further cov- ering, and the early bulge may have been promoted by strength in the stock market attributed to the govern ment's decision to take over the man. agement of the railroads. Otherwise the announcement of government con- trol of railroads was hardly a factor and after showing net advances of about IT to 22 points. with May sell ing at 29.S0c and July at 29.33c, the market turned easier. Southern selling was active enough to suggest that the. advance was bringing out in- creased spot offerings while there also appeared to be a feeling that the technical position in futures had weak ened At any rate there was consid- erable realizing and also local selling for a reaction in the late trading. Jan uary was relatively quiet but sold off to 30. BOG, or 23 points net lower, while March broke to 2943c and July to 29c, or 10 to IA points net lower Clos ing prices were at practically the low est of the day.
The Birmingham age-herald., 1917-12-28

Wall street was seized by a bullish at- tack, and all during the session on ex- change the atmosphere had an old-time hue One stock tried to outdo the others. Rails featured on the report of govern ment control, but the general list is found to bolster ID with it's allies.
 St. Paul jumped 11S points to 4s. Atch- ison 91k to STE, Delaware and Hudson points to 100, Canadian Pacific points to 1A, Norfolk and Western 7ss points to 1o4.
 United States steel featured the final hour on its further rise to Ss. The clos ing was strong. Liberty 4s were quoted at s7 to 96.S6, and S1ks at $50 to 9s.46.
 The south made offerings early in the session, which were met by advances, followed by reactions, March closing at
The Birmingham age-herald., 1917-12-28
Wall Street Throws off Yoke of
 Despair and Comes Back Once More
By JOHN c. MOSES


 29. 30c, compared with s0.10c the day be- fore. As a whole. the list closed at de- cline of 10 to 23 points. The trade was a buyer and there was much covering. The south seems to have cotton on hand when high prices loom up.
 There was 8 renewal of scattering liqui- dation during the early afternoon and probably some selling for 8 reaction. It was supposed that the early selling for southern account had pretty well filled up buyers and the setback suggested an easier technical position. March re- acted to 2990c, and May sold off to 29.53c. or back to practically last nights closing figures.
 The grain pit was not entirely satis- fled with government control of railroads and grain prices went downward. Corn, however, closed steady. Oats, as usual felt the impulse of corn, and went off 7sc to 1sc. Provisions were weak, 5c to 25c under yesterdays close.
The Birmingham age-herald., 1917-12-28
Port Movement

New Orleans; Middling. 2s.SSc; receipts n.S27; exports. 17,15S; sales, 470S; stock 349S7O.
 Galveston: Middling, 2s.90c; receipts 13,463; sales 4937; stock. 254.779.
 Mobile: Middling, 2975c; receipts, 2D sales, 307 stock, 13918
 Savannah: Middling, 2sS7c; receipts. S9S9 sales, 3591; stock. PAP, 404.
 Charleston: Middling, 3oc; receipts 562; stock, 59,150.
 Wilmington: Middling, 2sAc; receipts 104; stock, 4s.559.
 Texas City: Stock, 17SS4
 Norfolk: Middling. 29.75c; receipts 462; sales 1250; stock S2, 728.
 Baltimore: Stock, 28.6S3.
 Boston: Middling, 3150c; receipts 9So exports, 5000; stock, 16.10O.
 Philadelphia: Middling, >32c; receipts 140; stock, 7649.
 New York: Middling, 31.75c; receipts 26; exports, 9409; stock 1S2.542.
 Minor Iorts: Stock, SS,041.
 Total today: Receipts, 31,573; exports 31,562; stock, 1,29S, CO.,
 Total for week: Receipts, 11s,ss1; ex. ports, 80, 2s3.
 Total for season: Receipts. a.51s,1o5 exports, 2,1649S0.
The Birmingham age-herald., 1917-12-28
Eggs in Cold Storage

The monthly report of the bureau of markets, department of agriculture shows case egg storage holdings on December 15 as follows:
 The 43S storages that reported showed total stocks of 1,662,543 cases of eggs. The sS1 storages reporting for December 15 of this year and last shows present holdings of 1,5s7,274 cases. compared with 1,30S,454 cases last year, an increase of 21.3xper cent. The All storages that reported for both December 1 and December 15 showed a decrease of 641,543 cases or 28.4 per cent, while the BAT storages reporting their holdings for both De- cember 1 and December Is, 1916. show a decrease of 445,1S7 cases or 25.s per cent
The Birmingham age-herald., 1917-12-28
Sugar Market

New York December 27.-There were no changes in the raw sugar market, prices being quoted at 4.9S5c for Cubas, cost and freight. equal to 6.005c for centrifugal, with molasses nominal. Business was a little heavier. the sales to the committee includ- ing 49,000 bags of Porto Ricos. 3O,o0O bags of Cubas, 1900 bags San Domin- goes, all for shipment during the pres ent and coming month at the govern ment price of 49S5c cost and freight, New York. There were also sales of 5000 bags of Cubas to New Orleans, now loading, at 4.925c cost and freight No improvement was noted in the re- fined situation, but with raw sugar coming from Cuba and other points in greater volume business should gradually increase and relief from present scarcity is expected by the middle of next month. Prices were unchanged at s.15c to S.35c for fine granulated.
The Birmingham age-herald., 1917-12-28
WHEAT FOR THE ALLIES

The discouraging feature of this re-
 port is said by those who should know
 tp he found in the fact that We must
 continue through another year to supply
 our allies with as much wheat as tand more if possible) than we are now send
 ing to them. That means of course con-
 tinued economy in the use of wheat by
 the people of the United States
 It often happens when the wheat har-
 vest Is not as great as spring predic-
 tions reported it likely to be, that the
 falling eff in wheat is more than made
 good by the increase in the harvest of
 Indian corn. More and more the people
 of the United States are making use of
 corn in various forms for food, thus at
 last realizing the prediction made by
 Samuel J. Tilden 8 few months after
 Congress declared that not he but Gen
 eral Hayes had been elected President
 of the United States. Governor Tilden
 sailed from Europe shortly after the in
 auguration of Hayes as President. He turned his attention when there to eco homie questions and especially one
 based upon our food supplies. In a
 speech delivered by him from the porch of his home in Gramercy Park after his return from Europe he made the pre- diction that the day was not far distant when the people of the United States would make. relatively, as great use of corn for domestic purposes--not meaning corn converted into meat products--as they then did of wheat. But it has taken the exigencies of the war to make it possible to say that Governor Tilden' S prediction is at last justified.
 It is a misfortune therefore that with the estimated total production of wheat in 1918 at not much more than 700, 600 900 bushels, weather permitting. there should be danger of serious falling off in our VI. Nf Tnl Tlxte 1x due unless the danger be overcome to a fact which has no relation to climatic conditions next summer. While the corn 1 harvest of last summer was a record harvest in the number of bushels, yet in | a considerable area where under favor l able conditions large crops of corn are 1 harvested the situation is now alarming simply because it is impossible to ob- I tain seed corn which will germinate. l Some of the effects of this situation are also alarming because the farmers in l some of the corn producing states have l been compelled to send a large amount of stock, including breeding animals, to the market, whereas this stock should have been kept for another season. Tn the northwest business and banking or ganization had been perfected which can l be compared for efficiency with the or | ganization formed to sell liberty bonds ! It is in the nature of bureau, with the
 purpose to find out how much seed eact
 farmer has, and then to discover ii | possible how the deficiency can be made good.
 | This condition does not prevail in the south or southwest, but even with the greatly increased cultivation of Indian corn in those sections of the country ii will presumably be impossible to make good the collapse of the corn harvest ir other parts of the country.
The Birmingham age-herald., 1917-12-28
Music Teachers Meet

New Orleans, December 27-The effect of the war on American music was one of the topics considered here today at the opening of the thirty ninth annual convention of the Music Teachers Ma tional association. Lawrence Erb oi Urbana, H.. president of the association spoke on the problems of the music teacher and Frederick H. Ripley and Prof. l.. R. Lewis of Boston led the dis cussion at the conference on American music. The convention will continue through Saturday.
The Birmingham age-herald., 1917-12-28
oxer M. E. Campbell's Wire

New Orleans, December 2.-The an nouncement of government control oi railroads of country and the growing strength of spot situation had the erect of putting cotton to new high leveis to- day, January trading up to 29.60c.
 At the best of the day the most active months were 24 to 2S points over yester- days close Spots were marked up 65 points to 298Sc for middling. The ad- vance was made in spite of holiday teel- ing, which made itself felt at times, and considerable realizing. Late in the day the market sagged off to net advance of about 10 points.
 The trade is of opinion that government control of the railroad systems of ehe country will result in a great improve ment in their position which will allow cotton to move to the mills more freely. Also 1t is the belief that the cotton mills of the country will be able to secure larger supply of fuel The greatest im- mediate effect on the market is coming indirectly through the strong rises In se- curities.
 The spot demand is broadening out in a most encouraging manner and buyers are not haggling over the price. Thirty cent cotton is being reported at an in- creasing number of points, and every bale sold at this price makes it all the easier for the south to hold the remnants of the crop. We desire to call particular attention of the cotton trade to the fact that today's export clearances bring the , total for the season thus far up to 2,163,- 900 bales and five months of the season are not yet gone. We see nothing to pre- vent higher prices es-Shepard & Gluck.
The Birmingham age-herald., 1917-12-28
CROPS NEXT YEAR
 ARE DISAPPOINTING
By HOLLAND

New York, December 27-(SpeciaL) The reports which come from the gov- ernment and also from some of the grain producing states are not appro- priate for the Christmas and holiday season, for they point to considerable and possibly great disappointment in the production of two of our grain harvests next summer, these two being the most important of all our food products wheat and corn.
 The Washington authorities report that the winter wheat crop will be, when harvested and with favorable eli matic conditions, about 550.0Oo,O00 bush els. The government has earnestly hoped that the farmers would be able to harvest at least TOO, ,000000 bushels of winter wheat this year and that the harvesting of spring wheat would make 1t possible to report a total of 1,0OO,o0O, ,oOoO bushels.
 Predictions made in the early spring which come from the government, are always more or less discounted. It fre- quently and in fact usually happened that the reports made by the govern ment of crop conditions and prospects are not justified by the harvests for these are likely to be greater than the governments experts forecasted.
 But there can be no mistake on the governments part in estimating a winter wheat harvest for next summer not in excess of 55O,0Ooo0O bushels. For the farmers were unable to respond to. the appeal of the government authorities that they considerably increase the acre. age devoted to winter wheat planting. The increase over last years winter wheat fields is only per cent.
 It may be that modern scientific meth ods will be so generally adopted by the farmers as to make it possible to secure much larger number of bushels per acre than has heretofore been harvested. But the probabilities are against such general improvement in farming condi- tions as would serve to make up for the comparatively small acreage by pro. ducing much larger number of bush. els per acre than has been possible ir the past
The Birmingham age-herald., 1917-12-28
Hubbard Bros. & Co.'S Letter

New York. December 27.-(Speciai.) Hedge selling from the south was the feature of the offerings today and the buying was mainly in July, which was taken all day by Wall street houses supposed to be for western account. All of the local traders are bullish, as they seen no large supply of cotton coming from other sources than the hedge selling in scattered and small amounts. At the highest point ever touched in the exchange there was almost a unanimous opinion that the market could hardly decline under present conditions. While the export demand will be regulated by the sup ply of freight room assigned each month by the English government. it was believed that the south would continue to hold cotton for higher prices Curiously not a single bearish view was advanced on any side.
The Birmingham age-herald., 1917-12-28
Hubbard Bros. & Co.

CUttcn Merchanta. Hanover SQuaFe, N. ehanas. New orieane Cotton Excha nee }. Now York. Produce ExchnnKe. AssociAtc Members Liverpool Cotton Association. saie Of Cotton and Cotton Seed Cil for future delivery, Special attention and spot lcotton for d~uvAss. corresponds ence invited
The Birmingham age-herald., 1917-12-28
Hearing Is Postponed

Boston. December N.-Tae federal trade commissions hearing on the Chicago stock yards situation. which was to open here today. was put over until tomor- row owing to the lateness of the train bearing Francis J. Heney. special coun- gel for the commission.
The Birmingham age-herald., 1917-12-28
Bonds
Money Market

New York. December 27-Mercantile paper, 51Eq5& per cent. Sterling 6O-day bills, 47lA per cent; commercial 6-day bills on banks, 4.71 per cent; commercial 6o-day bills, 4.7ok per cent; demand, 47oA per cent; cables. 4.76 7-16 per cent
 Bar silver s6ssc Time loans firm; 60 days, 90 days and six months. 5Nofe nsr cent Call money easier; high, 6 per cent. low. per cent; ruling rate, Der cant. closed 5G51s per cent; last loan. 5h ne,. cent. Francs: Demand. EZRA per cent: cables, 6.7ss per cent Guilders Demand. 4S1s per cent; cables A per cent. Iires. Demand. S.2s per cent: cables. s.s5 per
The Birmingham age-herald., 1917-12-28
Birmingham Live Stock

NOulOu SlockyArQS.) Fec Steers Good to Choice-8@9c. Medium to Good-61S@71zc Common to Medium-6Q6 Grass cattle, according to weight, quai. ity and flesh: Steers-6Q7c. Fat Cows-6961sc. Medium Cows-5.251576c Cutters-550Q5.7 7oc. Canners-5.00G5.5 Heavy Bulls-6@7c. Light Bulls-5.50@7c. Oxen-5. Q6.5 Soc. Fat Yearlings-sQ7c. Medium Yearlings-. 75Q5. soc. Vealers-S97c. Hogs: Choice Corn Fed Hogs, 1s5 ana Up 15Q1ec. Choice Corn Fed Hogs, 1855 to 15o-- 14G16c.
 Choice Corn Fed Hogs, 90 to 1S5-12s @13hc. Light Pigs, 90 Pounds Down-11@12c. Best Heavy Rough Hogs-111Q13c. Half Fat Hogs-11@12c. Soft and oil hogs from 1c to 2c per pound less than above prices.
The Birmingham age-herald., 1917-12-28
Chicago Quotations
Produce Market

New York, December zT.-Butter: firm; receipts, s593 tubs; creamery, higher than extras. 5oA @51c; extras, 92-score, 49k e soc; firsts, 441s @4sc. Eggs: Firmer: receipts. sAs7 cases; fresh gathered extras. 62c; extra firsts, 61M; frsts, 5s @ soc. Cheese: Steady; re- ceipts, 373 boxes; state whole milk flats, fresh specials, 231z @24c: state whole milk average run 23c. Dressed Poultry: Weak; chickens, 21h 025c; fowls, 1S@27hc; turkeys, 23@35c.
 Chicago, December 27-Butter, un- changed. Eggs: Higher; receipts, 1856 cases. firsts 5o@62c; ordinary frsts. sS @39c. Potatoes: Lower; receipts. 45 cars; Minnesota, Wisconsin and Mich igan bulk, s1.s0@2.o5; sacks. s2@2.10; Poultry: Live higher; fowls, 19@23kc; springs, 22hc.
 St. Louis, December 27.--Poultry un- changed except hens. 1skc. Butter: Lower; creamery, 4sh @4sc. Eggs, AT @4Sc.
The Birmingham age-herald., 1917-12-28
s. R. Stewart & Co.

s0t-2 Woodward Bldk. BirminRham. d.. Cotton. stocks. bonds. grain. provision. and cotton seed oil. Nev Orleans cor. respondents Jno. F. Gle K & co. Direct private wire. continuous quotations
 Phone Main Eez. w. |. PHEL1S. Msn
The Birmingham age-herald., 1917-12-28
Cash Grain

Chicago, December 27.-Corn: No. yellow nominal; No. yellow, s1.s5@2 No. yellow, s1.s5@1.7o. Oats: No. white, 79@S1c; standard 79@S1Ac. Rye: No, 2. s1.62; barley. s1.40@15S; timothy, s5@750; clover, s2o026. Pork. nominal; lard, s24.15; ribs, $2S.50@2425. St. Louis, December 27-Corn: Steady; No. track. $1.70; No. white, s1.73&173h; December, SIPS; May. $1.25. Oats steady; No. track, Sic; No. white. s1@s1Ac December 7sc; May. 76hc.
The Birmingham age-herald., 1917-12-28
Fruits and Produce

Fruits and Produce Cocoanuts-Sc each. Bananas-$1.B .B@225 Fresh Peanuts-1315c 1b. Oranges-California, $4 Limes-Imported. 90c@S1. Colorado Celery-90c doz., s5 crate. Cranberries-$S.25 per crate; $14 barrel. Snap Beans-$5 hamper. Florida Oranges-s4.25 box. Lemons-S. Garlic-121ac Ib.
The Birmingham age-herald., 1917-12-28
w. E. Campbell

Stocks. grain. provisions and cotton seed oil CQrrespondent Shepard ' Gluck, New Orleans: ID. w. Wagner &, Co. New York and Chicago. Continu- ous, quotattons; private wires to all
 0l6 and 017 Woodward Bldg.
 Telephone Main 0141
The Birmingham age-herald., 1917-12-28
Metal Market

New York, December 27--The metal ex- change quotes lead quiet: spot 67Oc bid. Spelter firm; East St. Louis spot, 762@ 7.S7c. At London: Copper, spot. f11O: fu- lures. f110. Electrolytic, a125 Tin Spot, s3os los; futures. G295, Lead: Spot, sS0 los; futures, a29 10s Spelter: Spot G54; futures G5O
The Birmingham age-herald., 1917-12-28
Rice Market

New Orleans, December H.-Rough and clean rice continued steady today with quotations unchanged. Recefpts Rough, 5521 sacks; millers, 344; clean, 1910 pock- cts. Sales: Rough Honduras, 455 sacks; clean blue rose, 1887 pockets
The Birmingham age-herald., 1917-12-28
Live Stock


 Chicago, December 27.-Hogs: Receipts, 52,0oO; market weak. Bulk. $l6.70Q17O5; light, Sl625@16.95; mixed, $l6.o0Ql705; heavy, $16 45Q17.10; rough. $16.45&16.s5; pigs $11.7o@15.75.
 Cattle: Receipts, 19,0O0; market weak Native steers. $7.35Q14.25; stockers and feeders, $6.60Q9l0.2 25; COWS and heifers, S5.2O Q11.aO; calves, sS.5og16.
 Sheep: Receipts, 16,000; market firm. Wethers, $9U1310; ewes, $SQl1.so; lambs 2.75Q16.710.
 St. Louis, December 27.-Hogs: Re- ceipts, 12.o00; market lower, Lights, $le90 Ql7.15; pigs $l4@16; mixed and butchers, s17QlZ25; good heavy, $17.20Q17.35; bulk, $l7Q17.30.
 Cattle: Receipts. 6ooo market higher Native beef steers, $Sl1425; yearling steers and heifers. $7Qi550; cows, s5@n; stockers and feeders, $6.50Gl1; Texas quarantine steers, $675Ql9.50; fair to prime southern beef steers, $9@12.75; beef cows and heifers, S6Q10; prime yearling steers and heifers, $7.50@10; native calves, $5.75@16
 Sheep: Receipts, 900; market steady. Lambs, s13q164o; ewes. $l0Qll50; weth- CTS, $l1@12.50; canners and choppers, s6ds.
 Kansas City, December 27.--Hogs: Re- ceipts, 4000; market lower. Bulk, $1650G l7.10; heavy, $16.50@1715; packers and butchers. slssoqi7.2o; light. sls.55@lZl5; pigs. $13Q15.
 Cattle: Receipts. 40O0: market higher. Prime fed steers. $l2Qgi45O; dressed beef steers, $l1912.40 southern steers, s7a9; cows. $6GlO; heifers, $6.60Q1O50: stockers and feeders. s7G11.25; bulls. s6.25q9; calves, $625013.
 Sheep: Receipts. 5000; market lower! Lambs, s15.25G16: yearlings, $13Q14; weth- CTS. $11@13; ewes, $9q11.50.
The Birmingham age-herald., 1917-12-28
Coffee Market

New York, December 27.-The coffee market showed renewed steadiness to- day Trading in futures was compara- lively quiet. but light early offerings were readily absorbed with March sell ing up to 7.70c and September to S.16c In the late trading or about 10 to 16 points net higher. First prices were 1 to- points above last nights closing fig- ures on buying by houses with Wall
The Birmingham age-herald., 1917-12-28
Naval Stores

Savannah, December 2z-Turpentine firm, 4S1sc sales. s57; receipts. Ss2; ship ments, 124; stock, 26.3O5. Rosin firm; sales, 1052; receipts. 190S shipments. 600; stock, S3,252. Quote: B, D, E. F. c, H, s6.10; I, $6.15; K $6.70; M, S6.95; N, S.S0; VIC, a.so; wv. NL75.
The Birmingham age-herald., 1917-12-28


 New Orleans, December FLA mo- mentous decision, affecting the entire trade situation of the country, appeared over night in the announcement from Washington that American railroads were communicated by the President. President Wilson will take control Fri day. The President says he will rec ommend legislation guaranteeing pre- war earnings and the maintenance Of railroad property in good repair. The Washington press news says the decision came as a complete surprise.
 The operation of railroads under one management should greatly increase their efficiency and bring speedy reiief from congestion, and more rapid trans bortation. which Is the consideration finding a bullish expression in the com modity markets. In further strengthen ing of transportation and industrial eff ficiency it is intimated that the govern ment will take over mines and sell all coal if the war lasts longer.
 The foreign news this morning was also better London reported big drop in submarine damage for the week and the disintegration of the Bolsheviki rule in Russia.
 The unusual activity of the market yesterday and the sharp advance, where holiday dullness was expected, took ev- erybody by surprise but as everyone is on the alert for big advance on favor- able political developments, the suspicion that such might have occurred, caused a spontaneous increase in buying power on the opening. not only in contracts but in spots It was rumored early this morning that about 7000 bales were sold yesterday after hours at from 1sc to ssc above quotations. With northern mills handicapped most by transportation and 365, GOO bales behind last year in their takings, the principal demand and move ment of cotton to that quarter is now expected.-John F. Clark & Go.
The Birmingham age-herald., 1917-12-28
Dry Goods Market

New York. December 27.--Cotton goods and yarns were very firm. Mems wear was active. Raw silk was un- changed Dry goods merchants antici- pate a contraction of nonessential