davidaulloa/AmericanStories huggingface dataset:
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1917-06-13

They are % simply promises to pay-they are money in another form.
Ask your banker-he will tell you that . "Iibe1ty" bond Of any demon
ton is always good at HE bank-it is cash drawing 3h%s interest Tor
You may not have . great lot Of money to invest; you nay be on o
thousands who have always wished that they might be Of those who put
finances behind their government.
This is you chance and now is % time. -
You car Buy : Liberty" bond for $50. 500, $500, $l000-and odd G
/. behind that bond, just asn is behind you and your babies.
Buy "ibeny Loan" Bonds-buy as many = yoa means permit
sS
Editorial Note
The Birmingham age-herald., 1917-04-15
New Orleans Futures
New Orleans Cotton

New Orleans, April 14.-Week- end Hq.,i- dation weighed against the price of cot ton to some degree today. but the mar ket maintained steady undertone, and a disposition to recover from depressions. In the early trading there was rise of |2 to 8 points. after which the market fell off to a level to 14 points below yester- days last quotations Late in the session there was net advance of point or two and last prices were at net decline of ? to points.
 Weather conditions about balanced, light rains in the eastern belt being con sidered unfavorable, but hopes of rain for Texas over Sunday were aroused by the forecast of cloudy weather for that state
 The monthly mill statistics from the census bureau were at first regarded as bearish, because they showed a falling off in consumption compared to March. last year. of about 19,0Oo bales. When it was shown that March this year had one less working day than March of last year, the disposition grew to regard the figures in a more favorable light. espe- cially as active spindles during March broke all previous records
The Birmingham age-herald., 1917-04-15

if any, May notices will be issued. and expect to see the premium on that op- ton over July increase materially in the near future
 Our travelling man. who arrived today from a two weeks trip throughout South Carolina Georgia and Alabama. reports very backward conditions, particularly in Alabama, where extremely wet weather has for sometime prevailed and where farmers are apparently at a loss whether to follow the sensible suggestions of di- Versified crops or to fall for the bland- isbments of King Cotton, who. to many. looks like real monarch on an impreg- nable throne, at 20 cents. However, based on the cost Of living, 20-cent cot ton may prove of lesser value than $3 wheat or g corn. which figures are not improbable should climatic conditions be- come adverse or any indefinite period of warfare confront America and it's al- lies in the struggle for liberty, freedom on the seas and an enduring peace. Con- sequently we believe the common sense of the south will incline toward decreased cotton acreage, which will mean higher prices and increased proportion of wheat, corn, oats. peas. beans and pork, which will foreshadow a new era of indepen- dence for Dixie in respect to It's foodstuff
 We believe July oil will cross 1sc shortly.
 We favor its purchase. We stin favor sales of September oil against purchase of October
The Birmingham age-herald., 1917-04-15
Shepard & Gluck,s Letter
Received Over W. F. Campbells Privat,
 Wire).

(ttecelVed over w. F.. Campbells s Private
 Wire).
 New Orleans April 14-(special) While the cotton market showed small depressions today the undertone was good enough and disposition was shown to recover from each sag. Some little week end liquidation of long contracts was in evidence and for awhile there was a short on the falling off in consumption among American mills, more apparent than real, during March
 Cloudy weather predicted for Texas re- vived hope that the drouth in that state would be broken over Sunday.
 The census bureau report for March mill conditions in this country showed a total consumption of cotton and linters of 400 bales against 61o.606 during Feb ruary and 694, 230 bales during March last year. This falling off of 1880 bales, compared with a year ago, Is fully ex- plained in our opinion, by the fact that there were five Sundays fin March of last. Again, the continued increase in active spindles 33,233,072 during March against 33, ll7,09O in February and 32, OPS, ,670 in March of last year makes it plain that consumption continues in a full volume. Thus far this season total consumption in this country has amounted to 5,0sO 315 bales, against 4836,S79 during the same eight months of last year.
 The situation is sound and healthy and the market hquidates itself as 1t goes along. Any further selling flurries should be taken advantage of by buyers to enter the market
The Birmingham age-herald., 1917-04-15
Reserve Board Statement

Washington, April 14.-Total reserves of federal reserve decreased approximately s24, COG, 600 during the week, according to the boards weekly statement, made pub lie today. The statement shows cond1- tion of reserve banks of April 13 to be as follows: Resources: Gold coin and certificates in vault, S33S, ,369,0 ,000 Gold set clement fund, S19S, 900. Gold redemption fund with United States treasurer, s2,- 4340Oo. Total gold reserve. S539. .074, GOO. Legal tender notes, silver, etc.. $21, ,136, 900. Total reserve, s56o, ,210.0OO. Five per cent redemption fund against federal reserve bank notes $4O0,0O0.
 Bills discounted. members, S22009,- DOC: acceptances bought. $50, ,604,0 900; United States bonds s36,21S,000! one- year treasury notes, $23,370,000: Uni ted States certificates of indebtedness, s50,o00,000 municipal warrants, S15,- 212.0G0; total earning assets, S227,- 417,000; federal reserve notes net, s22.- ,000 due from other federal ro- serve banks net, S1,o21,o00; uncollected sources, s4,610,000 total resources, S9S4,SS9. 900.
 Liabilities: Capital paid in, $56 4oS,- 900; government deposits, $42,247,0 900; due to members, reserve account, $741. 542,000; collection items. $131, 900; federal reserve notes net. SIS, 900; 1; all other liabilities, $614,o00: total lia- bilities, $9S4,Ss9 000 Gold reserve against net deposit and note liabilities. 7f.2 per cent; cash reserve against net deposit and note liabilities, 73.9 per cent: cash reserve against net deposit liabilities after setting aside 10 per cent gold reserve against net liabil ities on federal reserve notes in cir culation, 745 per cent
The Birmingham age-herald., 1917-04-15
PRICE OF COTTON
 RALLIES AT CLOSE
Throughout Day Market Was Quiet and Fluctua-
 tiOns Were Irregular

New York, April 1.-The cotton market was comparatively quiet today and fluctuations were irregular but rallies followed an early decline with the close steady, net unchanged to 5 points higher July contracts sold up from 19.s9c to 2O.12c and closed at 20.05c.
 The market opened steady at an ad- vance of points on May but 15 points lower on July and to ' points lower on later deliveries. Spot house brokers were sellers of July and some of the selling of that position was attributed to Atlantic state sources. This pressure served to unsettle the market and aft CT some irregu1arity active months sold about 9 to Is points under last nights close with May touching 20.29c and October 1S.S2c. Offerings were not par ticularly heavy, however. and the mar ket later rallied on covering for over the weekend, continued complaints of drouthy conditions in the southwest and runors of an easier ocean freight situation. May was relatively firm. selling up to 20.50c, or 12 points net higher, while October advanced to 1S.97c, or only 9 points above last nights close. Last prices were a shade off from the best under realizing. Bet ter weather was reported east of the river, which contributed to the early selling movement, but no rain was reported in the southwest and the forecast for cloudy or unsettled con- ditions in that section tomorrow car ried little promise of relief from drouth.
 One report said that cotton had been stimulated by the advance in prices, but that the plant had received a poor start, especially in the southeast. An other noted the drougthy condition in southwest Texas and said that some of the bottom lands in Alabama were still flooded with preparations on the whole backward. The report of tho census bureau showed domestic mill consumption 602,630 bales for March compared with 613,754 last year, ex- cluding lfnters Domestic mill stocks on March 31 were 2,04S,585 bales against 1,797,764 last year.
The Birmingham age-herald., 1917-04-15
Spot Cotton
Pig Iron
Dry Goods Market

New York, April H.-Cotton goods buy ing was very broad and active on the first two or three days of the week con- tinuing the movement began in March. The government was. a large buyer and some large printers were also operating. While trade Is now quieter there is still a fair volume of business going on, and generally more than mills can or will accept. Many cloths are scarce for spot higher levels than any touches last year on many staple goods. Advances have been frequent. Mills are more fully en- gagged than they have been for years past and have been turning away busi- ness through inability to guarantee de- liveries or figure with reasonable cer- tainty on costs. Supplies are advancing rapidly and further labor scarcity and de- mands for higher wages are anticipated. Bleached cottons, brown sheetings, de- nims and tickings. and many other sta ples are very closely sold and many mills have contracts booked by the end of this year. Duck and all cloths wanted by tn government are particularly strong, and further demands will have to be met by overtime work or some abandonment of the legislative restrictions upon produc- tion
 Quota tions In many instances nominal, are as follows: Print cloths, 2S-inch' 64x64s. sc; brown sheetings, southern standards, 121sc; denms 2.20s indigo, 211ac; ticSings S-ounce, 211ac; prints, SEC; staple girghams, 10c; dress ginghams. 121aQ13hc. Many cloths are at value and others have been withdrawn from sale.
The Birmingham age-herald., 1917-04-15
Hubbard Bros. & Co.'s Letter

New York, April 14.-(Special.)-As usual there was no Liverpool market today, and heavy selling of July appeared on the opening, causing a break of some 20 points in that position. The consump- tion figures showed slight falling off from March of last year, and point to a consumption for this season of 7.50O, GOO bales. As the exports are beginning to fall off the probabilities are that the worlds consumption will be considerably less than the trade had anticipated. Little attention, however. Is paid to this fact. There was some rain in the Atlantic state. but the prospects are for clearing weather over the weekend. The local trade is rather uneasy as to the course of prices, as they do not like the liqui- dation which makes it's appearance every once in a while and is attributed to sources which have been among the most prominent in advocating extremely high CT prices. In other words, there is a feeling that one of the large long in- terests is quietly liquidating in antici- patton of improvement in the weath in greater willingness on the part of south ern holders to sell at these attractive prices. z.
The Birmingham age-herald., 1917-04-15
Future quotations were as
Prnduce Market

New York, April 14.-Butter unsettled !; receipts, 5573; creamery, higher than ex- tras, 464Gl471ac; creamery extras, 92 score, 46@46Ac: firsts, 441a0451ac. Eggs strong; receipts, 2o,o26; fresh gathered extras, 3sc; fresh gathered storage packed firsts, 35@S51ac; fresh gathered firsts. Ss1z@3414c. Cheese steady; receipts, 3S39; state fresh specials. %5@251ac; state fresh specials, average run, 241a@25c. Live poultry weak; fowls 24@25c; no turkeys or chickens quoted; dressed quiet; chick ems, 21@27c; turkeys, 1S@34c.
 Chicago, April 14-Butter higher; creamery, 41@451zc. Eggs higher; receipts, 1,45o cases; firsts, 321k@331hc; ordinary firsts, 31QS2c; at mark, cases included, S0d3Sc. Potatoes, receipts, 30 cars; un- changed. Poultry, alive. higher; fowls, 221a@23c; springs, 221k123c
 Kansas City, April 14-Butter, cream cry, 46c; firsts, 42c; seconds, 40c; pack ing, 331ac Eggs, fIrsts, s4c Poultry un- changed.
 St. Louis, April 14.-Poultry unchanged, except turkeys, 21c. Butter, creamery, unchanged. Eggs, 33c.
 Elgin. H., April 14.-Butter, 25 tubs at 4ec; this is a record price for April
The Birmingham age-herald., 1917-04-15
New York Clearing House

New York, April 14.-The statement of the actual condition of clearing house banks and trust companies for the week shows that they hold s12S.- S19,000 reserve in excess of legal re- quirements. This is a decrease of $34.- 759.360. The statement follows: Actual condition: Loans, discounts. etc. s3.- s6S. 1889. 900. increase $6.S33. 900; reserve in own vaults *s4S1 ,065. 900; decrease $21, ,24e, 900; reserve in federal reserve bank S22S.437,000, decrease $22.511. .000 . reserve in other depostaries $61,090.- 900, increase s1.71900d, net demand dc- posits S3.717.S64,000. decrease $3713S,- 000: net time deposits S194,245,000. de- crease $2,450. GOO: circulation $2S,701,- 900, increase $611,000
 Aggregate reserve s770,502.000: ex- cess reserve s12S.S19,6o0. decrease s3i,- 759,360. Summary of state banks and trust companies in Greater New York not included in clearing house state nlent.
 Loans discounts. etc, s7e9.35S, 6oO, increase s9,6o3000; specie $6s,022, 400, increase $626.So0; legal tenders $l1.- 733,0oo, increase sS46.400 total depos- it's $1,042.521, 600. increase sS.352, 1900. i. banks cash in vault. s16.759,60o; trust companies cash in vault. s64.035.S0o.
 'of which s426.95o.oo0 is specie.
The Birmingham age-herald., 1917-04-15
GRAIN AND PRODUCE

Chicago, April 14.-Abnormally ac- tive demand for flour did a good deal today to make wheat prices soar to a new high point-s2.25& May deliv- cry. The market closed strong at 1s @ 1z net advance, with May at S2.24h @$225 and July at s1.9t1h @1.92. Corn gained 1017sc and oats B o sc. Pro- visions, the outcome varied from 2h decline to rise of 35c.
 Reports of free buying on the part of milling interests counted from the outset as powerful factors on the bull side of the wheat market. It was ex- provide for greatly enlarged flour business. but this condition served to increase rather than to diminish anx- iety among wheat shorts. Attempts to cover disclosed that the market was virtually bare of offerings. Rapid lift ing of bids ensued. but releasing sales on the bulge led to only compara- lively moderate reactions in the May option. Eager payment of big pre- mtums for cash wheat seemed to pre- clude any chance of liberal deliveries on May contracts and tended to keep the bears anxious regarding nearby settlements.
 Somewhat improved crop adviccs from the southwest especially Kansas eased off July and September wheat to material extent in the last half of the session. The better outlook was ascribed to rains, and there were pros- poets of further moisture before Mon. day throughout the greater part of the winter wheat belt. Weekend adjust ment of trades, however. brought about fresh advances as the market came to finish.
 Corn, as well as wheat, reached a new high level of prices Strength of wheat was the chief bullish influence, but toward the end of the day az peared tc be more or less offset ty predictions of an increased movement soon from farms. Oats merely dupli- cated the action of corn, Trade was of fair proportions, and was well divided
 Provisions rose with grain. Packers sold on the advance.
The Birmingham age-herald., 1917-04-15
SHORT COVERING |S
 FEATURE IN MARKET
U. 5. Steel Holds Place as Active Leader, Gaining
 Point and Quarter

New York, April 14.-Covering of short contracts by professionals and the ac- tivlties of pools were the sustaining fea lures Of today's brief session, public in- terest being almost wholly lacking. Trad Ing centered around those specialties comprising the various semi divi- slons, sugars, oils and shippings recording variable and in some instances note worthy gains.
 Cuban American Sugar was foremost In point of advance, goining Il points at zVl on reports of an early melon cut ting Other sugar issues rose 1 to 3 points with to 21a for prominent pc. troleums and shippings and i to IF for equipments.
 United States Steel held it's usual place as the most active stock at a gross gain of l points. with 1 to ? for Lackawanna, Crucible and Gulf States Steel, and 1 each for Republic and Virginia irons.
 Motors were inclined to case, but ac- cessories of that group, especially United States Rubber and Goodrich were better by point or more. Wilson Packing led It's especial class at an advance of s points with to almosr points for Gen. eral Electric, American Woolen, Industrial Alcohol, Sears-Roebucs, International Paper and Continental Can.
 Pronounced weakness was shown by Peoples Gas of Chicago which made a sheer decline of 9la points to s1, the re- duction in the dividend seeming to come as a surprise, although foreshadowed in the annual report. Kindred utilities were affected, Consolidated Gas losing Az points and Brooklyn Union Gas 14. Ohio Gas forfeited a ? point advance of the first hour
 Dealings in rails and metals were at q rdnimum, some of the leading transpor- tation shares being only occa sionally quoted Price changes in these issues were irregular and within fractional lim- It's. Total sales amounted to 29O,Oo0 shares.
 The actual contraction of about s39 G00,- tV0 reported by local banks in demand and time deposits was accompanied by decrease of almost $35, COG, 600 in reserves largely wiping out last weeks gain.
 Todays limited dealings in bonds were Irregular. foreign issues, however, holding strong. Total sales, par value, aggre- gated g, 450, 0o0
 United States bonds were from ia to q foint lower on call during the week, the coupon 4s losing points on actual sales.
The Birmingham age-herald., 1917-04-15
New York Futures
Port Cotton Market

New Orleans: Middling, 1e.s1c; receipts, PAP; sales, 754; stock, 365 7S7.
 Galveston Middling, 20O5c; receipts, 5175; sales, 200; stock, 25,G9'
 Mobile: Middling. 200; receipts, 2; stock, 7471.
 Savannah Middling, 2O50c; receipts, 1884; stock, 145,6
 Charleston: Middling. 9p4c; receipts, 837; stock, 44,64O.
 Wilmington: Receipts, 8; stock 54,01S Texas City: Stock, 19,213.
 Norfolk: Middling, 200; receipts, 2516; sales, 215S; stock, 106,944
 Baltimore: Stock, 2S.719
 Boston: Middling, 2o.S5c; receipts, 56; stock, Il, ,500
 Philadelphia: Middling, 21.1oc; receipts, 323; stock, 3957.
 New York: Middling, 20S5c; stock. 100, 743. Minor ports Stock, 14,oN.
 Total today: Receipts, 12.749; stock, 1,145,131
 Total for week: Receipts. 12.749.
 Total for season: Receipts, 6,395,6S2; exports, 4,469,073.
The Birmingham age-herald., 1917-04-15
Bank of Germany Statement

Berlin, April H.-(Via London.)-The statement of the Imperial Bank of Ger many, issued April ', shows the following changes: Total coin and bullion increased 359 GOO marks, gold increased 1,17S.0O0. treasury notes decreased 30. GOO. Notes of other banks increased 2,745,O00 marks Bills discounted decreased S,655, 193, ,00O ad- vances decreased 4S5,010 marks. Invest ments decreased 1.994O00 marks. Other securities decreased 45.5S700O. Notes in circulation decreased 57,149 GOO. Deposits decreased 3,5S5,549,000. Other liabilities decreased S6,670G00. Total gold holding 2531 929, 600 marks.
The Birmingham age-herald., 1917-04-15
Flour and Eeedsfuff

Michigan patent flour, s124O; Idaho pat ent flour, $11.s5; Tennessee patent flour. Sll.75; medium grade self rising, s1165 high grade self rising, s11.S5: hard win ter wheat flour, s12.05 Corn meal, s3.3S per 96-lb. sack. Hen feed. $3.3O a sacN. Mixed horse and mule feed, $43@53. 71s per cent c. S. meal. $40. Cremo feed meal, $50. Prime c. s. hulls s23. Lintless hulls, Sl5. Gray shorts, $53. Velvet bean meal, S95. Wheat bran, s4s. Corn, s1SO. Corn chops, s3.35. No. white oats, per bush- el, 95c. Wheat per 1Go-pound sack $3.25. Choice fancy pea green alfalfa, per ton, S35; southern alfalfa. per ton, s30. Choice timotry hay, per ton, $2S No tim othy hay, per ton, s27; No. 1 Johnson grass, per ton, S22.
The Birmingham age-herald., 1917-04-15
Bonds
Mercantile Paper

New York, April 14-Mercantile paper, 4G4A per cent; sterling 60-day bills, $4.72; commercial 60-day bills on banks, $472; commercial 60-day bills, $4.71A; demand, &,75T0: cables, $476A. Francs: Demand, 55.u; cables, $5.70. Guilders Demand, 41lzc; cables, 41a4c. Lires: Demand, $716; cables, $7.15. Rubles, $2S. 70; cables, $2S.S Ear silver, 723sc. Mexican dollars, 561sc; government bonds steady; railroad bonds irregular.
The Birmingham age-herald., 1917-04-15
Fairchild & Co.'s Letter

New York. April 14-(Specia1. )-After showing some hesitation this morning, cotton rallied about 20 points from the early low. However, very little activity was shown; the usual caution incident to weekend operations being very much in evidence. We think much higher ma arSet Is likely to prevail next week and favor purchases early Monday, particu- larly of May and July. We believe few,
The Birmingham age-herald., 1917-04-15
Interior Movement

Houston Middling, 1s.S0c; receipts, 279S; shipments, 3531; sales, 606; stock, 123,4 4S6.
 Memphis: Middling, 20.50c: receipts, 17S1; shipments, 3463; sales, 800; stock, 426,796.
 Augusta: Middling, 20.3Sc; receipts. 171S; shipments. 437; sales 304; stock, 97.152.
 St. Louis: Middling, 2O.5oc; receipts, 1295; shipments. 1861; stock, 33,492
 Cincinnau: Receipts, 75; shipments. 160; stock, 20.214.
 Little Rock: Middling, 2o1Sc: re- ceipts, 879; shipments, S56; sales, 85s: stock, S2,675.
 Total today: Receipts, S546; ship ments. 10,108 stock, 633S17.
The Birmingham age-herald., 1917-04-15

oil market was firmer on covering by local operators, prompted by fears of bullish developments over Sunday and on the firmness in lard. sJuly sold from 15.41915. 49c, and closed at 15.4Sc. Final
 prices were Is to 20 points net higher
 Sales 1900 barrels. Prime crude 13.47613.60
The Birmingham age-herald., 1917-04-15
Fish

FOnpanO-3UC. Oysters-Ea Eastern select, $1e4 gallon: S1.50. Perch-S12c. Salt Water Trout-12hc. Red Snapper-121zc. Gray Snapper-3c. Mullet-7c
 Spanish Mackerel-1211915c. Shrimp-121hc. Sheephead-S1ac. Virginia Croaker-6c
The Birmingham age-herald., 1917-04-15
Free to Investors

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The Birmingham age-herald., 1917-04-15
New Orleans Spots

New Orleans. April 14.-Spot cotton quiet and unchanged. Sales, on the spot 401; to arrive, 353; good ordinary, 1S 4Sc strict good ordinary, 1S.sSc; low middling, .43c; strict low middling, 19.62c; mid oling, 19.62c; middling, 19.S1c strict mid ding, 20c; good middling, 20 1Sc; strict gcod middling, 20.36c.
The Birmingham age-herald., 1917-04-15
Chicago Grain

Chicago, April 14,-wheat. No. 2 red nominal; No. 8 red, s2ss; Nos and 3 hard, nominal. Corn, No. yellow s1. .4SD 1.49; No. 8 yellow, S1. 46; No4 yellow nomi- nal. Oats No. 8 white 691s6s9Ac; stand ard, 7om70Ac. Rye. No. 8, s1S5: barley s1.15. Timothy. s450; clover, $12617. Pork, sS5.e0; lard, s2o o77a2oS2; ribs, s19. 37G197.
The Birmingham age-herald., 1917-04-15
Kansas City Grain

Kansas City. April 14.-Cash wheat No 2 hard, s2.54a2. 60; No. 2 red, s255. Corn No. mixed, s1.47G1 491z; No. 2 white. sL491z@1 50; No. yellow s147@1.4s. Oats, No. white. 37d73A; No. mixed, 71@71c
The Birmingham age-herald., 1917-04-15
St. Louis Grain

St. Louis, April 14.-Wheat, No red, s2. 62Q2.65 No. ? hard, $2.50@2.70; May, $40; July s1.S9ss. Corn, No. ?, $1. .491s; No. ? white, s152@153; May. s1.41B; July, s1.s6as Oats, No. 2 711zc; No. 3 white May, 6S1sc.
The Birmingham age-herald., 1917-04-15
Fruits and Produce

Oranges-Florida, S34350. Oranges-California, $3.75. Lemons-California $4@4.50 Lemons-Imported, $4.50 rapefruit-Florida, $4. Cranberries-Barrel, s9. Potatoes-Irish, bu., s. Potatoes-Sweet, bu.. $2. Onions-Red Globe. h., 12c. Onions-New Texas. $4.5O Cabbage-Florida, crate, s6. Turnips-Pound, 4c. Beans-String, hamper, $3.25 Squash, crate, 8. Apples-Wine Sap, s7. Limes-Imported, SIPS.