davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1917-05-10
Shepard & Gluck's Letter

(Over w. E. Campbelps private wire)
 New Orleans, May 9.-(Special.) )
 It is manifest that the bear element
 is making an effort to ignore the darn-
 aging effects of the cold weather ol
 the last few days on the cotton crop
 Today heavy and general selling has
 developed and prices have been de
 pressed to an unwarranted degree
 As we see the situation unfolding, the technical position of the market has
 been greatly strengthened by recen' selling, while new crop prospects have been greatly injured by what ever the weather bureau terms abnormally low temperatures We believe tha' during the next few days the trade will have to listen to widespread com plaint of seed rotting in the ground and of young plants turning yellow and becoming lousy. While the mar ket may not be showing any too much it Is no time to take up with the bear idea of things.
 The selling movement started ir
 Liverpool and was in evidence in the New York market on the opening. In that market it was said that Wall
 street was seller of cotton and that a good part of the offerings was based on the easiness of stocks. Pes simistic influences. seemed to be de- gitfmate influences, seemed to be de- pressing values.
 We believe that the old crop sitr- ation is sound. while there Is nothing yet to indicate a new crop large enough to meet the needs of the world Under such circumstances, we cam , believe in material decline.
The Birmingham age-herald., 1917-05-10
New York Futures
New Orleans Cotton

New Orleans, May 9.-Selling pressure was directed against cotton almost throughout the session today, the market getting little support, even following the weekly weather and crop reports which contained strongly bullish features. Con- tinued cold weather in the belt was ig- nored, as were reports of seed rotting
 in the ground and of young plants turn ing yellow as the result of too low tenn peratures. At the lowest of the day ac- tive months showed a net decline of 36 to fl points The close was a net loss os 32 to 37 points.
 On the opening poor cables and the outlook for improved weather conditions over the belt stimulated selling, under which the most active months fell 10 points However, the market was stead jed by the cold weather on the map and UT nfavorable reports of new crop pros- poets. The steadiness was only tempo rary and at the middle of the morning the market stood 32 to 3S points down. Following weekly reports there was a reaction of about 10 points, but in the afternoon the market softened again and went to new low levels.
 Spots refused to follow the decline in contracts the market being quoted un- changed at 19.5Oc for middling. on sales of 4OS3 bales, the bulk of which, though, was hedged.
The Birmingham age-herald., 1917-05-10
BREAK IN
 COTTON YESTERDAY
Despite Moderate Rallies Toward Close General
 List Showed Losses

New York, May 9.-There was a very severe break in the cotton market here today. July contracts, for instance, sold off from 1952c to 19.14c, or more than S Der bale under last nights final quota ton. Moderate rallies followed, with July closing at 19.24c, and with the general list closing steady, although last prices here showed net losses of from 25 to 32 points.
 The market opened steady at decline of from to 15 points in response to dis appointing cables. There was not a great deal of cotton for sale at the start, and prices steadied up slightly right after the call on expectations of buIlish weekly weather reports at midday. This bulge to 1S7Oc for October met increased offer ings however and the market soon weak ened, Weakness in the stock market was accompanied by heavy Wall street selling m cotton, and stop orders were uncovered as prices worked lower, while there were also reports that southern spot firms were selling October. That delivery broke to 1S.S7c, or 39 points under last night s close, with active months generally selling 30 to 42 points net lower There was enough covering to check the decline and cause rallies ot 10 or 12 points during the early afternoon. but bulges were barely maintained, and sentiment seemed to be nervous and unsettled at the close. The text of the proposed war revenue bill naturally attracted such attention was supposed to be partly responsible for the break in stocks and indirectly for the selling of cotton. Offerings were also promoted by the outlook for warmer weather in the south, and bullish fea- lures in the weekly report of the weather bureau appeared to have been discounted by buyers earlier in the week. There were rumors that spots were offering from the local stock at concessions, but there was comparatively little news as to the spot situation in the south The early bulge was helped by reports that a good deal of replanting had been rendered necessary by cold weather, but local traders seemed to be impressed by the favorable view of recent rains and senti- ment was less optimistic as to peace pros- DectS
The Birmingham age-herald., 1917-05-10
TAXATION PLANS
 CAUSE ANXIETY
Liquidation Follows An nOuncement of Measures
 to Raise Revenue

New York, May 9.-The financial com munity expressed it's anxiety at the gov ernments far-reaching programme of war taxation today by heavy liquidation of securities Other phases of the general war situation came in for further serious discussion. particularly the plan of the administration to take over the steel and iron mills of the country in furtherance of the scheme to hasten the growth of American merchant marine. The govern ment weather report, indicating back ward conditions in most parts of the coun- try, was another deterrent factor. Liqui- dation came into play at the opening and continued almost to the last hour, when supporting orders in rails and short cov- ering for profits resulted in many mate rial recoveries United States Steel for example, retrieving almost all of it's 2A point loss with rallies of l to points elsewhere.
 Bethlehem Steel, old stock, suffered reversal of 10 points; Gulf States Steel and others of the same section to 4 points. Average gross declines in other munitions and equipments ran from ? to 5 points; oils and motors yielding 2 to 6, shipplngs to 5, metals almost 3 points and utilities to about 6. Included among the latter were Ohio Gas, Consolidated Gas of Baltimore and Twin City Rapid Transit Total sales amounted to 900,000 shares.
 Resumption of gold imports, the first since this country's declaration of war against Germany, was a significant fea- ture of the international situation, Sl6- 100000 being received for account of the entente allies from Canada. Another new low record for Russian exchange with rubles at 271l, suggested increasing con- cern respecting conditions at Petrograd.
 Recessions of 1 to points marked the enlarged dealings in bonds. Total sales, par value, aggregated $4,045,000.
 Government bonds were unchanged on call.
The Birmingham age-herald., 1917-05-10
GRAIN AND PRODUCE

Chicago, May 9.-Wheat prices today on top of yesterdays record breaking l4- cent net gain, shot up in an instant 14c more, and later gathering fresh strength, whirled skyward to an extreme of 1SAc. crop report showing the largest abandon ment of winter wheat acreage ever known
 in the United States. Persistent demand that appeared to be for seaboard ac- count was a feature of the trading and so was the fact that cash wheat, ordi- nary contract grade for immediate de- livery, brought $3.S21a a bushel, by far the topmost figures obtained at any time in Chicago. Exciting rushes to buy wheat were witnessed during some portions of the big advance, especially when the market first opened, but taking the day as a whole, the volume of business was much under the normal aggregate and consisted almost altogether of small lots. The outcome was an unsettled close at F to 15 cents net advance, with May at s311 and July at g. 4514 to S2.46A. Corn gained 14 to 2ss cents; oats % to 1A to ss cents, and provisions 10 to 8 cents
 What the action of the wheat market implies came in announcements after the close that flour had jumped up another dollar barrel to S16.6O, making a rise of g. in the last three days
 It was a virtual certainty beforehand that skyrocket action would be witnessed
 in the wheat pit and there were gasps of wonderful filled, but no shock of sur prise when chalk marks on the blackboard the over the heads of the traders told of new 14-cent leap made in the wink of an eye Profit taking sales caused a temporary halt and then a reaction amounting in some cases to cents, but the effect was brief and had entirely dis appeared by the middle of the session. Then came another giant swing upward, with a subsequent fleeting reaction of about 4 cents a tumultuous uncertain finish. No other influence was considered except that the government estimate of the winter crop in the United States had been shorted 15,62S,0 900 bushels from last years total. Corn strengthened with wheat, and hit brand new attitudes in price Both the feed grains wee held back by auspicuous crop conditions
 Higher quotations on hogs and cereals lifted provisions. Holders realized on the bulge.
 fAI1
The Birmingham age-herald., 1917-05-10
Shear Market


 New York, May 9.-There was no change in the local market for raw sugar today and trading was quiet with buyers inter- ested only in shipment sugars afloat and nearby shipments being neglected. The market was steady at 51sc for Cubas, cost and freight, equal to 6.14c for cen- trifugal and 5.26c for molasses. Prices in refined sugar were unchanged at 7.50c to S.5Oc for fine granulated, with re- liners still restricting orders and some not taking any new business at all. The market for sugar futures was weak, with closing prices $ to Is points net lower. The weekly figures of the Atlantic ports gave receipts as S5,574 tons against 73,- 122. the previous week and 90,440 last year: meltings, 65,000 against 65,000 and 6S,000 and total stocks, 35l076 against 32S,502 and 1576l0 tons, respectively. May closed at 529c; July sold from 545c to 5.42c, clos ing 5.41c; September, 5.53c to 5.46c, closing 5.46c; December, 5.10c to 5.09c, closing 509c.
The Birmingham age-herald., 1917-05-10
MOBILE IS READY
 ID GIVE BANKERS
 ROYAL GOOD TIME
Splendid Programme of En- tertainment Has Been Arranged by Local
 Committee

Mobile May s.-(Special)-At least 500
 delegates are expected here tomorrow
 when the twenty-fifth annual convention of the Alabama State Bankers associa-
 ton convenes at the Battle House. As
 diversion from business routine an ex-
 cellent entertainment programme has been arranged by the local committee on en- tertainment. of which Henry Hall, presi- dent of the First National bank of Mo- ! bile is chairman. Professional entertain- , CTS are to be brought here from New Orleans There will be an excursion and business session aboard a bay steamsr Friday. 9:30 a. m., and during the eVem- ings there will be dances and banquets.
 The closing social function will take place Saturday evening at the new Country
 club, Spring Hill which will include banquet and dancing. The club will be
 open to all golfers who care to exercise over the beautiful links.
 Tomorrow morning the delegates will
 be formally welcomed by Mayor Harry Pillans of Mobile. Judge c. E. Thomas, Prattville. will preside After the open ing prayer by Rev. J. W. Phillips, D. D., pastor of the First Baptist church, and the mayors greeting to the bankers, Os-
 car Wells, president of the First Ma tional bank of Birmingham will respond
 in behalf of the association. President | Thomas annual address will follow, at the conclusion of which Henry T. Bart
 lett of Montgomery. secretary-treasurer. i will make his report
 l The rest of the day will be devoted to i appointment of committees, including
 nominations auditing and resolution; the
 report of the agricultural committee by James Keith, Jr.; report of the legisla-
 tive committee by Val Taylor. chairman. | and reports from the four groups by T.
 A. Bowles, Thomas Bowron, w. H. Hub~ bard and J. s. Crum respectively.
 | There will be number of prominent visitors to the convention, conspicuous among them being Dr. Charles Thach, president of the Alabama Polytechnic in stitute, Auburn; Mrs. c. H. Mathis, field agent Alabama Bankers association; Hon. W. P. G. Harding. governor fed- l eral reserve board: United States Senator J. H. Bankhead of Alabama; o. Howard Woolfe assistant cashier Philadelphia National bank; Hon. Herbert Quick.
 member federal farm loan board, Wash ington, D. C.; Dr. George | R. Payne, president Peabody college, Nashville, and | others of lesser prominence.
The Birmingham age-herald., 1917-05-10
Sylacauga School to Close

Sylacauga, May 9.-(Special)-The clos ing exercises of the Fourth District Agri- cultural school will be held next week. Beginning Sunday. May 13, the commence ment sermon will be preached by Rev. Baptist church, and on Monday evening the graduating class of 15 young students will be, held. The Hon. John w. Varde- man of Montgomery will deliver the grad uating address.
 This has been one of the best sessions of the school. as the head of the school has devoted much time and attention to the study of agriculture and instruction in this line given the classes.
The Birmingham age-herald., 1917-05-10
Flour and Feedstuff

Michigan patent flour, S17.15; Idaho pat ent flour, $164 40; Tennessee patent flour, ao60; medium grade, self-rising, S1620; high-grade self-rising, $l640; hard win ter wheat flour, S15.90; cornmeal, s3.72 per 96-lb. sack; hen feed, S3.45 sack; mixed horse and mule feed. $43Q53; 71s per cent c. s. meal. $42; Cremo feed meal, S32; prime c. $. hulls, $23; lintless hulls, $l5; gray shorts, $54; wheat bran, $49; corn, $1.9Sss; corn chops, s365; No white oats, per bushel, 9Sc; wheat, per 1oo-lb. sack, $3.50; choice pea green alfalfa, per ton, $S4; southern alfalfa. per ton. s29; choice timothy hay, per ton, $50; No. 1 timothy hay, per ton, S25; No. l Johnson grass per ton, $20
The Birmingham age-herald., 1917-05-10
Hubbard Bros. & Co.'S Letter

New York, May s.-Liquidation by outside holders brought about the decline today and their reasons were of many different varieties. Better weather pre- dicted for Texas, many showers there and in Oklahoma to occur disappointing foreign advices, Wall street selling be- cause of a decline in the stock market and sober reflections over the heavy in crease in living. due to bad crop accounts in the west. In fact. quite as many as were required to cause the liquidauon- On the other hand. the weekly report was not considered favorable. Local bulls supported the market from time to time. though, thought to be selling on strong markets.
The Birmingham age-herald., 1917-05-10
Coffee Market.

New York, May 9.-Rumors that tho Brazilian government was buying coffee in the primary markets under the pro- visions of a valorizaton plan conceived shortly after the beginning of the war, and renewed talk of an import duty in connection with the war revenue bill, seemed responsible for sharp advance in the market for coffee futures today. The close was at practically the low point of the. day, showing net advances of ? to 20 points on the near months, while Oc- tober and later deliveries were net un- changed to points lower. Sales were re- ported of 117.500. Closing bids: May, S.35c; June, s.37c; July, s.S9c; August. SAG; Sep tember. S.47c; October, Sole; November, S55c: December, S5Sc; January, S65c; February, S.71c; March, S.79c; April, S.S5c.
 Spot firmer; Rio 7s 1O1ac; Santos 4s, 107s. The official cables reported no change in the Brazilian markets except Santos futures, which were unchanged to 50 reis lower. Brazilian port receipts 23,000: Jun6iahy, 14,000.
The Birmingham age-herald., 1917-05-10
Hubbard Bros. & Co.

Cotton Merchants. Hanover Square. \ Y. Members New York Cotton Elk
 change. New Orleans Cotton Exchange New York Produce Exchange. Associate Members Liverpool Cotton Association eaie of Cotton and Cotton Seed oil for future delivery. Special attention and liberal terms given for consignments of once invited. ]
The Birmingham age-herald., 1917-05-10
Metal Market,

New York, May Stopper firm; elec- trolytic spot and second quarter, $31Q33; third quarter and later delivery, $2S@90. Iron firm and unchanged. Metal exchange quotes tin unsettled, ss2 5O@64.50. At Lon don. spot copper 91S0; futures. a129 los; electrolytic, 2142; spot tin, G234 15s; fu- lures, G235. The metal exchange quotes lead strong, 1014c bid. Speter steady; spot East St Louis delivery, 909ssc. At London, lead G9o los; spelter, e54.
The Birmingham age-herald., 1917-05-10
Bonds
Mercantile Paper

New York, May 9-Mercantile paper, %%@5 per cent; sterling G0-day bills, 472 per cent; commercial 60-day bills on banks, 4.711s per cent; commercial G0-day bills, 4.71A per cent; demand, 4751a per cent; cables, 476 7-16 per cent. Francs: Demand, 5.72 per cent cables, 5.n per cent. Builders: Demand, 40 15-16 per cent; cables, Al per cent. Lires: Demand, 706h per cent; cables, 7.O51s per cent
 Rubles; Demand, 27A per cent; cables,
The Birmingham age-herald., 1917-05-10

271a per cent. Bar silver, 74s4 per cent. Mexican dollars, 57a4 per cent. Govern ment bonds steady; railroad bonds weak. Time loans firm; 60 days, 41zd494 per cent; go days and six months, 4s4d5 per cent. Call money firm; high, 3 per cent; low, 2 per cent; ruling rate, 2$4 per cent; last loan, PIE per cent; closed 2@21a per cent
The Birmingham age-herald., 1917-05-10
Want Ten-MiIe Moral Zone

Chattanooga, Tenn, May s.-Fifty-eight representatives of Y. M. c. A. in six states met in conference here today to discuss plans for moral welfare of tho young men in army camps. An organi- ga tion, with Dr. O. F. Brown of Wander bilt, president. and Dr. Charles F. Deihi, Clarksville, secretary, was formed. It was decided to ask the war department l to establish 10-mile moral zones around l each camp.
The Birmingham age-herald., 1917-05-10
Live Stock

Kansas City May 9.-Hogs: Receipts, 10000; market higher Bulk, $15.25Q15.9Oc; heavy, Sl5.S0015.95c; packers and butch CTS, $15.50@15.9O; light, $15415.60; pigs, SIP @1350
 k Cattle: Receipts, 4500; market higher Prime fed steers, $12.25@13; dressed beef steers, $9.75@12; southern steers, $s@11; cows, $650@11; heifers. $9Q1175; stockers, $S.35@11; bulls, $S@10.25; calves, $S@1350
 Sheep Receipts. 2300 market higher. Lambs, sl4.25@1S.4O; yearlings. $1S@16; wethers S12G15; ewes S11@1450.
 Chicago, May 9.-Hogs: Receipts, 2S000; days average. Bulk, $15.65@1590; light, s1465@i4S5; mixed, l53o@16; heavy. s153O @16; rough. s15.30d15.50; pigs, $lo@1410 Cattle: Receipts +, 900; market strong. Native beef cattle, $9. 40013.70, a new high record; stockers and feeders, $7.50610.35; i; cows and heifers, $6.65@11.50; calves, $95o @14.
 Sheep: Receipts. 120Oo; market strong. Wethers, $11. 5O@14.10; ewes, s1O.S5G14 S5; lambs. $14.250l1S.35.
 St Louis, May 9.-Hogs: Receipts, 12. .100; market higher than Tuesdays average Lights, $1525@1575; pigs, $9 75@14; mixed and butchers, $t5. 2061585; good heavy s15 S5M15.90; bulk, S15. 35G15.S5.
 Cattle: Receipts. $500: market higher. Native beef steers, s7.50@10; yearling steers and heifers, sS.5Od12; cows s6@11 stockers. $SG110; Texas quarantine steers s5.50T795O: prime southern beef steers. sS @11.50 beef cows and heifers,- $42569; prime yearling steers and heifers, $750G0 10; native calves s6614.
 Sheep: Receipts, 1900. Lambs, s15@12; ewes, s95o613; vearlings, SIP. 7061475; clipped lambs, s1O@14.S0
The Birmingham age-herald., 1917-05-10
Fruits and Produce

Bananas-$1. 75Q2
 Oranges-Florda, s3Q350. Oranges-Calfornia, $3.25@3.75. Lemons-California, S49450. Lemons-Imported s4.50. Bell Peppers-S4 25. apefruit-Florida, S4. Cranberries-S2. 50.
 Old Potatoes-Irish, bu., $50 New Irish Potatoes-S3@3.2 .25. Potatoes-Sweet, bu., $2.20. Onions-Red Globe. h.. 12c. Onions-New Texas, S2.50. CGbbage-Florida. crate. s6. Turnips-Pound, 4c. Beans-String, hamper, $1,75Q2. Squash-Hamper, S1.5o. Limes-Imported SIPS. Lettus-$1.75 per hamper of three dozen ucumbers-Hamper. S2. 25. English Peas-Hamper, $1.50 Tomatoes-Fancy, $3.25 choice, s2.75.., Apples-Box, $2.25@2.50
The Birmingham age-herald., 1917-05-10
Investigating Insurance Company

New York, May 9.-A grand jury in vestigation of the affairs of the Pitts burg Life and Trust company was begun here today. Testimony was taken in an effort to establish the value of property given as collateral for the purchase of the company now in receivership
The Birmingham age-herald., 1917-05-10
Port Cotton Market.

New Orleans: Receipts, 236S; sales, 4OS3; stock, 274,6S9.
 Galveston: Middling, 1s.25c; receipts 3991; sales, 4S3; stock. 224,031.
 Mobile: Middling, 1950c; stock, 5990 Savannah: Middling, 20.25c; receipts 5S0; exports, 12.77o; sales, S7; stock 11S.973. Charleston: Stock, 24.583.
 Wilmington: Middling. 19ssc; re- ceipts, 50; stock, 54,34S.
 Texas City: Stock 19,5O5.
 Norfolk: Middling, 19.3Sc; receipts AS; sales, 126; stock, 105,736.
 Baltimore: Stock S2,525.
 Boston: Middling, 19.95c; receipts 133, stock. 10.600.
 Philadelphia: Middling. 1s.S5c; re. ceipts, CO.,; stock, 4794.
 New York: Middling. 19.60cS receipts 65; stock, 61,573.
 Minor Ports: Stock 1S.21s.
 Total today: Receipts, 76s5; exports 12,770; stock, 945.565.
 Total for week: Exports, s7,s71 exports, 57,2S5.
 Total for season: Receipts. 6,6s7.753 exports, 4.753.0S6 &
The Birmingham age-herald., 1917-05-10
IiverDOOl Cotton

Liverpool May 9.-Cotton spot. firm m; good middling, 13c; midling, 12.S6c; low midling, 12.65c. Sales. 5000, in cluding 800 for speculation and export
 Receipts, 14,000 bales. Futures dull. May, 12.36c; May-June, 1229c; July August, 12.14c; August-Septembe
The Birmingham age-herald., 1917-05-10
future ouotations were as follows:
Kansas City Grain

Kansas City, May 9.-Wheat, cash, No. 2, hard, s3.16@3.26; No. ?, red, S3.0S @3.20.
 Corn: No. 2, mixed, s15sA@157M No 2, white, s1.65@ 1.661a No. 2, vel low, $1.57 @1.5S4a.
 Oats, 1 to 16c higher; No. 9, (more).
The Birmingham age-herald., 1917-05-10
Cation Seed Oil

New York, May 9.-The cotton seed oil market closed steady. Spots. Ice bid; May, 16.10 16.S5c; June. 16.1o@ 1632c; July, .3O@16.S1c; August aud September, 16.3o@ 16.33; october, 16.1l 1614c; November, 15.56@1557c; De cember 15.53 o 15.55c. Total sales, 29 700
The Birmingham age-herald., 1917-05-10

Probably the most valuable collection of stamps ever made is that of Count Philip de Ferrary of Paris, which was supposed to have cost $o0O,oo The stamps were contained in 5000 great voIwmes and these books are themselves saui to have cost $65.0 .0Oo
The Birmingham age-herald., 1917-05-10
New Orleans Futures
New Orleans Spot Cotton

New Orleans May 9.-Spot cotton steady and unchanged. Sales on the spot 40S3; to arrive. none. Good ordi nary, 1S.12c; strict good ordinary, 1S62c; low middling. 19.12c; strict low middling, 19.31c; middling. 19.50c; strict middling, 19.69c; good middling, 19.S7c; strict good middling. 20.05c. Receipts, 236S; stock, 274,6S9.
The Birmingham age-herald., 1917-05-10
Dry Goods Market

New York, May 9.-Large orders were received today for heavy cotton and wool goods for government pur- poses. The markets were stiffened by reports of a proposed increase of 10 per cent in customs tariff.
The Birmingham age-herald., 1917-05-10
Rice Market

1 New Orleans, May 9.-Rough and clean i rice continued strong and in good de- ! n.and today, with quotations unchanged 1 Receipts: Rough, 1131 sacks; millers, 113l l sacks; clean, 6447 pockets. Sales: Clean l Honduras, 1104 pockets; blue rose, 800 pockets,
The Birmingham age-herald., 1917-05-10
English Mnnev

London. May 9.-Bar silver S7 15-16d per ounce money, 4ls per cent. Discount | rates: Short bills. 4 11-16 per cent; three 1 months, "A per cent
The Birmingham age-herald., 1917-05-10
Chicago Grain

Chicago, May 9.-Wheat: No. 2, red, sS.S21a; No. 3. red, s3.2o@S.23; No. ?, hard, s3.30; No. B.. hard, nominal.
 Corn: No. 2. yellow, s1.64R @1.65M : Mo- 8, yellow, $1.6Sh @16414; No. 4, yellow, s1.431a.
 Oats: No. 3, white, 70A e 7Sc; stand ard, 71@72%c.
 Rye: No. 2, nominal barley, s1.250 1.6S; timothy. $5.O0@7.50; clover, s12.Oo @17.00.
 Pork. ssc; lard, 22.17c; ribs, 2o.1o9 2055c