davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1917-05-13
FURTHER ADVANCES
 IN COTTON MARKET
Prices Yesterday More Than S4 Per Bale Over Low
 Level Yesterday

New York May 12-There was a further sharp advance in the cotton market this morning with October contracts selling up to 19ac or 27 points above last nights
 close and more than $4 per bale above the low level of last Wednesday. That de- livery closed at 19.o9c, with the general list closing steady at net advance of to r points.
 The market had comparatively quiet
 opening with first prices points lower to l point higher. Almost at once, how
 ever, trading became more active and prices advanced on a renewal of Wall street and local covering. There was also
 some buying here from southwestern sources, but the bulk of the demand was attributed to houses with western con- nections. Offerings were comparatively light until July contracts had sold at
 19S7c and December at 19,2Sc, with the
 general list some p to 27 points net high
 CT. Then more cotton was encountered, chiefly as a result of realizing and there
 were reactions of several points from the
 best with the volume of business taper ing off toward the close. Factors dis cussed on the advance were reiterated reports of large government orders In the goods market farther crop complaints based on recent low temperatures, re-
 ports of an Improved export demand,
 and rumors of improved methods of com batting submarines. According to ad- vices received here there were sales or $500 bales for export in the New Orleans spot market late yesterday, and there was a tendency to connect this Duslness with the more optimistic view of the submarine situation, although marine war risks to Havre were higher. Peace talk may also have had some influence on the advance, but there was quite a general disposition among local traders to at- tribute the demand to transfer or ln- terest from grain to cotton owing to the situation in the grain markets. The weather map was considered better on the average, with the detailed reports showing light general rains accompanied by rising temperatures. These reports probably increased the
 disposition to realize profits on the ad- vance and were a factor on the closing
 reaction of some 10 to + points.
The Birmingham age-herald., 1917-05-13
Splendid Programme Is
 Prepared by DOthan School

Dothan. May )-Annuai commencement exercises of the Doth an city schools will be held commenc- ing Sunday, May 13, and continue through the week. Forty graduates compose the class from the high school this year. the largest class in the his tory of the schools
 Rev. M. F. Lazenby. pastor of the Lafayette Avenue Methodist church. will preach the commencement sermon at the Foster Street Methodist church May 13. at II o'clock a. m.
 The inter society debating contest will be held at the high school audi 'torium Wednesday evening at s:30 o'clock.
 On Thursday evening the music and expression departments of the schools will give their annual recital at the high school auditorium.
 The baccalaureate address will be made by Prof. J. M. Reeves of New York, former principal of the high school. and the graduating exercises will be held Friday evening.
 The past year has been the most suc- cessful in the history of the schools with the largest enrolment ever re- corded.
The Birmingham age-herald., 1917-05-13
Live Stnck


 Kansas City, May 12.-Hogs: Receipts 1900; market higher. Bulk, $15.75916.2 .25i heavy, s16.2Oq1635; light, $15.5Oq16; pigs Sl2.5oQ14.75.
 Cattle: Receipts, 300; market steady Prime fed steers, $12.25d13; dressed beet steers, S9.50Q12; southern steers, $S@11. 50; cows. $G.5oQ1O.75; heifers, s9Q11.75; stock CTS. $S.25q11; bulls. sS91o25; calves, $SQ 1925
 Sheep: Receipts, 500; market steady Lambs, $l4.50@19; yearlings, s13416,50 wethers, $12@15; ewes, $11@1450.
 St. Louis, May 12.-Hogs: Receipts, 45OO; market higher. Lights, s156Oq16. 10; pigs, $9.75@1425; good heavy, s16.2O916. 40; bulk s15.75q16.25.
 Cattle: Receipts, 75O; market steady. Native beef steers s7.5OQ13; yearling steers and heifers, $S.5O912; cows, $6a11; stockers, $6@10.
 Sheep: Receipts none; nominally steady. Lambs, $15@1S.50; ewes, $950013; yearlings, $12.75Q14.75; clipped lambs, S1S.SC CLASS.
 Chicago, May 12.-Hogs: Receipts. 10,- coo; market strong, 10c above yesterday S average. Bulk, $16@16. 35;. light, S15.20Q l6.30; mixed S15.75@16.40; heavy, s15.7oQ 15.90; pigs $10.5o914.4o.
 Cattle: Receipts, 700; market steady. Native beef cattle, s9.40a13.70; stockers and feeders, $7.50Q10.35; cows and heifers, s6.65q11.50; calves, $9.50914.25.
 Sheep: Receipts, 800: market steady. Wethers, s12Q1475; lambs. s1460@19.
The Birmingham age-herald., 1917-05-13
New York Clearing House

New York, May 12.-The statement of the actual condition of clearing house banks and trust companies for the week shows that they hold 47,1s9.000 reserve in excess of legal requirements. This is an increase of s56, ,72O, ,930 over last week. The statement follows:
 Actual Condition: Loans, discounts, etc, s. SIP, OH, 900: increase $2S543,o00; reserve in own vaults $A8, ,47eo0O (of which s4Os.- 473,0O0 is specie) increase, $36, ,560.000; re- serve in federal reserve bank, $254, 767, ,000; increase, $22, GOT 900; reserve in other de- positaries s59, ,951, 900 United States de- poists deducted, $66, ,037, ,000), decrease. $723,- 900; net demand deposits, $3573, 235, 900: in- crease, S3,954, ,0O0; net time depoits $200,- s45. 900; increase, ss,096oo0; circulation, $2s, 6s0.oO0: decrease, $26,0O0; aggregate re- serve, s763, 194,00; excess reserve, $147, ,19s,- = 900; increase. 6.720, 930.
 Summary of state banks and trust com- panies in Greater New York not included in clearing house statement: Loans, dis counts, etc, $S29, 623, 700; increase, $2.993 400; specie, $6S, ,602 800; decrease $16. 200; le- gal tenders, $l0,9s3,7 7O0; decrease. $73.700; total deposits, s1,045 34S, 800; increase. $149,- TOO; banks cash in vault, $l5, A9, ,40o trust companies cash in vault $64, 800.
The Birmingham age-herald., 1917-05-13
, RAILROAD SHARES
 WEAK YESTERDAY
This Primary Cause of Un- settlement in Stocks Dur
 ing Brief Session

New York, May 12.-Weakness or railroad shares, with St. Paul common down almost points to 70, the low record for over decade, was the pri- mary cause of additional unsettlement during the first half of today's brief and altogether professional session. Other transportation issues were af- fected in lesser degree, transconti- mental coalers, Lehigh Valley eXcert- ed, and eastern trunk lines making gross declines of points. Leading in- dustrials, metals. motors and the more active ispecialties yielded 1 to 21s potts, but were among the first to re- bound in the general covering that attended the later dealings. United States Steel rallied from 114s4 to 1161s; Crucible made an actual gain of 2h points and Lacllawanna and Bethlehem new stock finished at net gains of 1 to points after early losses of that much or more.
 Local fractions suffered from some of the pressure which recently caused severe impairment in that group, Third Avenue and Interborough pre-
 
 ings. Final prices in the main were at top levels. Total sales amounted to 225.000 shares.
 Less irregularity prevailed in the foreign exchange market, rubles SCOT ing a further advance to 27A from yesterdays low record of 25%. Francs were a trifle easier. but sterling and other important remittances were steady on limited dealings.
 Trade reports suggested that mer- chants are giving earnest thought to the financing of the government greater conservation being shown as to new purchases. Business at in terior points reflects some relaxation from recent high pressure, because ot backward crop conditions.
 Despite the transfer of large part of the recent gold imports to the fed eral reserve bank, local institutions reported an actual cash increase in their own vaults of s36, 560,0O0 and reserve increase of almost $57,O00, ,0oO which largely rectifies the drain of re- cent weeks.
 Small dealings in bonds, with heavi- ness in local issues feature todays operations, total sales par value aggre- gating $1,270O00
 United States registered 2s lost one- half per cent on call during the week
The Birmingham age-herald., 1917-05-13
New York Futures
Port Cotton Market

New orleans Middling, 19.69c; re- ceipts 127S; sales, 5553; stock, 26S.S1o 0. Galveston: Middling, 19.65c; receipts, 46s6; sales, 9a2; stock, 216,37S.
 Mobile: Middling, 1s.5oc; receipts, 193 sales, 100; stock, 5956.
 Savannah: Middling, 20.25c; receipts, 4o4; stock, 116,S74,
 Charleston: Receipts, 10; stock 24'- S16
 Wilmington: Receipts, 5; stock, 54,- 152.
 Texas City: Stock. 1s.s21.
 Norfolk: Middling. 19.63c; receipts, 567; sales, S96; stock, 1o6,4s6.
 Baltimore: Stock, 34,39S. Boston: Middling, 200; receipts. 5ss stock, 11,500.
 Philadelphia: Middling, 2o.4oc; stock 4794.
 New York: Middling. 2o.1sc;, stock 65.641.
 Minor ports: Stock 1o,Ss3 Total today: Receipts, 7735; stock, sss, 090
 Total for week: Receipts, 77S5. Total for season. Receipts. 4,S1,o2s exports, 4764,157.
The Birmingham age-herald., 1917-05-13
Grand Jury Adjdhrns to
 Allow Farming to Proceed

Carrollf0n, May 12-(Special )-The
 grand jury impaneled by Judge H. B.
 Foster last Tuesday morning adjourned Wednesday afternoon to reconvene June 29. Thirty-two bills were returned. While the jury did not complete its work. this action was taken on account of the back
 wardness of farm work, most of the mem
 bers of the jury being farmers. Several
 nonjury cases were disposed of by Judge Foster.
 The cool weather of the past week has been unfavorable to the cotton plant. In some instances the farmers are plow- ing up cotton and planting corn There are at this time two petitions being circulated for signatures to be pre- scented to the governor for the appoint ment of sheriff of this county to fill the unexpred termof Sheriff Coleman, re- signed. They are R. B. Burgin and w. F. Fitzpatrick, prominent citizens of Pine
 Grove beat. MT. Burgin is an ex-sheriff, and Mir. Fitzpatrick is now a member of the coard of county commissioners.
The Birmingham age-herald., 1917-05-13
Off to Training Camp

Columbus, Miss, May 12.-(Special.) More than a score of Columbians have left during the past few days for Fort Logan H. Roots near Little Rock, Ark where they will go into training with the view of becoming officers in the United States army. Among the number leav- ing here were: Julian B. Hopkins, Leon ard Brooks, Hayden Brooks, Samuel Kaye, Jr.. Frank Betts, Leo Flynn, c. l. Garnett. Lee Mccullough, c. H. Hale M. E. White, Will Davis. c. S. Brooks T. E. Lott, T. J. Clardy, Hollis lines, Thomas Evans. Eugene Hardy, Elizy Pope, William Hairston, Grady Lawrence, Robert Lipsey, T. w. Lewis, Burney Scales and F. T. Carr.
The Birmingham age-herald., 1917-05-13
Flag Is Raised

Columbus. Miss, May 12.-tSpecial.) flag which was presented to the city of Columbus by the Shk-a-ha Tom-a- ha chapter. Daughters of the American Revolution, was publicly raised Thursday afternoon and appropriate exercises marked the event. The presentation speech was made by Mrs. Frank c. Owen, president of the chapter. and the flag was accepted on behalf of the city by Mayor w. c. Gunter, while J. F. Frierson, a
 local attorney, also delivered an address. Mrs. T. B. Hardy sang 'The- Star-Sapn-
 gled Banner" and other patriotic songs were rendered by students of the Mis- sissippi Industrial Institute and College.
The Birmingham age-herald., 1917-05-13
Flour and Feedstuff

Michigan patent flour, S1S.40; Idaho pat ent flour. s1740; Tennessee patent flour, $1710; medium grade self-rising, s17.2O; high-grade self-rising, s17.4O hard win ter wheat flour. $16.9O cornmeal, $3.S5 per 96-lb. sack; hen feed, $3,50 sack; mixed horse and mule feed. s43053; 71a per cent c. s. meal. SAP; Cremo feed meal s32 prime c. s. hulls. $23; lintless hulls. $l5 gray shorts. s54; wheat bran, $4S corn s1.95; corn chops. s3.65; No. white oats per bushel, 95c; wheat, per 10o-lb sack, $3.5o; choice pea green alfalfa, per ton $SS; southern alfalfa, per ton, $27; choice timothy hay, per ton, S20; No. timothy hay. per ton, $29; No. Johnson grass per ton, $22
The Birmingham age-herald., 1917-05-13
GRAIN AND PRODUCE

Chicago, May 12.-Excited buying of wheat, far from being diminished, took on wilder aspects today because of dras- tic measures to stop the upward flight of prices. Attempts to enforce calmness appeared to serve only to augment alarm. The market rose quicker and further today than in all the rest of the week put together. There was Hurried close at the topmost point reached, a net advance of 22S4c to 29c, with July at $273 92.75, and September at S2.44d2 46. Corn gained 1A@Ss4c and oats / J%@Azc. Provisions finished unchanged to 121ac higher.
 Fright seized traders as soon as it be- came evident that the overnight action of the exchange directors in barring all transactions in May delivery had not brought about any pronounced bearish effect. It was true that considerable selling and a modest decline was wit messed at the outset, but anything like an expected general rush to unload on the part of holders failed to appear. The immediate consequence was a stam- pede in the other direction, with buy CTS frantically bidding and next to noth- ing for sale.
 Issuance of an official statement ex- blaming the action of the directors in prohibiting all further business in May wheat contracts was construed in some quarters as indicating that the supply and demand situation was even more bullish than had been generally as- stunned. It was also said that the en- tente allies were large holders of July and September options and presumably would insist, as was the case in May, on receiving actual delivery of the wheat that the contracts called for.
 Sensational gains. accordingly, SUD- planted losses before the session was half over in the wheat pit, and the start ling advances continued unchecked right up until the last gong, when the ex- treme rise from the low point of the day was 32 cents. The biggest jump was in the September option, which heretofore had been relatively low because both the winter and spring wheat crops would be available in that month. The confir- nation of s31S as the official settling price for May contracts was announced just prior to the last half hour of trad ing, and 1t may be that the violent con- trast between that figure and even the advanced quotations for July and Sep tember had some influence in causing the final ascent of more than 13c a bushel In the 30 minutes immediately preceding the close.
 Corn and oats were more or less neg lected, and did little but reflect In dis tant way the strength of wheat In do- ing so, May oats reached 8 new high level for the season.
 Provisions hardened in value with grain and hogs. Quotations for hogs were al the topmost record ever touched, and until this season never equalled before.
The Birmingham age-herald., 1917-05-13
Produce Market

New York; May 12.-Butter weak; re- ceipts, 5S50; creamery higher than extras. 39dl3s1ac; creamery extras. 92-score. 3S@ 3S1sc; firsts. 361s@371scc. Eggs irregular; receipts, 22764 fresh gathered extras BIC; fresh gathered storage packed firsts, 351a
 Q361ac; fresh gathered firsts. 349351ac Cheese firm; receipts> 4109; state fresh
 specials, 26%c; state fresh, average run,
 2611c. Live poultry firm; broilers. 35@43c;
 fowls, 26c; turkeys, 16@1sc; dressed. quiet;
 prices unchanged. Chicago, May 12.-Butter unsettled;
 creamery, 32Q37c. Eggs higher; receipts, 21,737 cases; firsts, 325s@3S1sc; ordinary
 firsts, 30@31c; at mark. cases included,
 3G@S3c. Potatoes; receipts, 15 cars; un-
 changed Poultry, alive. unchanged. St. Louis, May 12.-Poultry and butter unchanged.
 Kansas City. May 12.-Butter, eggs and poultry unchanged. Elgin, H., May 12.-Butter, 50 tubs at T cents
The Birmingham age-herald., 1917-05-13
Shepard & Gluck's Letter
,(Received over w E. Campbelrs Privat

lRecelved over w. E. CdmpDell PrlVate
 Wire)
 New Orleans, May 12.-Cotton made new high levels for the week today, rising strongly on general buying, based on the peace talk now coming almost con stantly from Europe, a sudden improve ment in the spot demand, more reports of crop damage from the belt and ex- tremely bullish accounts of the large or ders for cloths being placed by the Uni ted States for war purposes.
 Unless all signs fail the peace move ment will gather fresh headway next week. Russian socialists appear deter mined to force a conference and impor- tant statements are expected from the German chancellor. Good grounds for hopes of peace would result in still higher prices for cotton. Not a few traders be- lieve that actual peace would send con- tracts to the highest prices ever re- corded.
 The spot demand comes simultaneously with the raising of wages among New England mill operatives and with re- ports that our government Is buying cloths many millions of yards at . time. These orders are more than making up
The Birmingham age-herald., 1917-05-13
Interior Movement

Houston: Middling, 19.60c; receipts, 1877; shipments, SoS1; sales, HIS; stock, H,9so. Memphis Middling, 19.75c; receipts, 1Z7; shipments, SS11; sales 600; stock, 3O6, ,761.
 Augusta Middling, 19sSc; receipts, 361 f; shipments, 1150; sales, S29; stock, 795S9.
 St. Louis: Middling, 19.S7c; receipts, 2227; shipments, 2934; stock, 27922.
 Cincinnati: Receipts, 26o; shipments, 326; stock, 15.766.
 Little Rock: Middling, 1S.50c; receipts, sS; shipments 136 sales, 136; stock, 24,092. Total today: Receipts, 663o; shipments, 11,3SS; stock, 542, 120.
The Birmingham age-herald., 1917-05-13
Avery's Letter

There was no especial news to account for todays advance in cotton except a few bad weather reports consisting of complaints of it being too cool and re- planting being necessary.
 Renskorf brokers, which was probably Scales, and western houses were buyers, confirming the gossip that Chicago was getting out of wheat and buying cotton. Livermore was said to be out of wheat and adding to his long cotton.
 If the interests above mentioned take hold of cotton and start pulling 1t, the mere buying power represented by them can easily put prices up, notwithstanding U-boats, or the lack of export or home demand for spots. Whether the advance will hold or not is another question. The market Is so narrow and so highly pro- fessional that a very limited number of orders on either side can make wide price swings. At present It would seem there Is disposition to put 1t up, and disregarding all legitimate factors, 1t is quite probable they will put It up. Therefore, I advise purchases at this level. not for a long pull or an estab- lished trend. but for quick profits.
The Birmingham age-herald., 1917-05-13
Coffee Market

New York, May 12.-The market for cof- fee futures was very quiet this morning with fluctuations correspondingly narrow, and with traders evidently waiting for further developments in connection with the proposed taxation. Closing prices were at the best level, showing 8 net advadnce of to g points. Sales were re-
 ported on 6750 bags. May. S.09c; July 829c; August, S.36c; September. S.43c: October, S.4sc; November. s.5sc; December, S6Sc; January. S64c; February. S.70c; March, S.76c; April S.S2c. Spot dull; Rio Ts, 103sc; Santos As. 10Ac.
The Birmingham age-herald., 1917-05-13

for any falling offsin the general retail trade demand and will keep mills busy for months ahead.
 Weather conditions show some improve ment but temperatures remain too low. the official statement from the weather bureau today claiming that the weather over the belt is from to 10 degrees cold CT than the normal.
 It is a bull market and the west is buying cotton in preference to wheat We see nothing to put cotton lower and advise purchases whenever reactions from the advance occurs.
The Birmingham age-herald., 1917-05-13
New Orleans Futures
New Orleans Spot Cotton

New Orleans, May 12.-Spot cotton, steady, 19 points up sales on the spot. 5533; to arrive. none; good ordinary, 01S.31c; strict good ordinary, 18.S1c; low middling. 19.31c; strict low middling 1950c; middling. 19.6sc: strict mid ding, 1s.SSc: good middling, 20.06c; strict good middling, 2024c.
The Birmingham age-herald., 1917-05-13

Chicago Grain

Chicago, May 12.-Wheat Nos. ? and 3 red. and 3 hard, all nominal. Corn. No. ? yellow, sl.G7 e 1.6S; No. yellow, $1.651a 1aQ1.67 No. 4 yellow, $1.641a. Oats, No. white, T2 1s6e731ac; stan-'
 dard. 72A @74Ac Rye, nominal;.. bar. ley. 25@1.63; timothy. s5@7.50; clo-' yer. s12@17 Pork, s3S.so: lard, $22.s7 c 22.47; ribs, $2052@24
The Birmingham age-herald., 1917-05-13
Hubbard Bros. & Cos Letter

New York, May 12.-(Special) )-The market today was strong and fairly ac- tive from the opening. ascribed to west ern speculative account, based on the Idea that bad weather would surely pre- vent the raising of a fair-sized crop this year. On the other hand actual weather conditions were decidedly favorable as temperatures are higher and reports from Texas indicate that the state has finally received ample moisture; a better spot demand was reported in New Orleans
 and there was some talk of a peace pro posal from the German chancellor on Monday. although this is not taken very seriously. The market eased off in the last half hour on persistent selling of July from the south and the lack of any trade buying after the speculative de- mand from the west had been supplied. It is perhaps needless to say that local sentiment Is once again very bullish.
The Birmingham age-herald., 1917-05-13
The Right Gender

From the Boston Transcript
 q say, Dick. lend me another 1o will ycu?"
 'Heavens Why don't you go to work and earn money?'
 Don't dare to, my boy People would think the governor had disinherited me. and that would ruin my credit"
The Birmingham age-herald., 1917-05-13
Mercantile Paper

New York. May 12.--Mercantile paper 4s4@5 per cent; sterling. 6o-day bills $72; commercial, 60-day bills on banks. s4.n1A: commercial 60-day bills. &7lA; demand,
 $4. .75h; cables. $4.761s. Francs: Demand, 5.72h; cables. 5.711a Guilders Demand,
 407sc; cables, 4ic Lires: Demand 706;
 cables 705. Rubles: Demand, 26% ca
 bles, 2e7s. Bar silver. 747sc. Mexican dol lars. 5Sc. Government bonds steady; rail-
 road bonds heavy.
The Birmingham age-herald., 1917-05-13
Hubbard Bros. & Ca.

Cotton Merchants. Hanover Square. N
 change. New Orleans Cotton Exchange New York Produce Exchange. Associate Members Liverpool Cotton Association
 Oale of Cotton and Cotton Seed oil for future delivery: Special attention ana Spot cotton for delivery. Correspon3s tnce invited
The Birmingham age-herald., 1917-05-13
Kansas City Grain

Kansas City, May. 12.--Cash wheat, No. hard, $s.34@3.42; No. ? red, $S.s6. Corn. No, ? mixed, s1.5sh @1.60h; No
 2 white. s1.69@1.69k; No. yellow,
 s1.591s. Oats. No. 2 white, 747a O 75c; No. 2 mixed, 721s O 73c.
The Birmingham age-herald., 1917-05-13
Fruits and Produce

BananaS-Sl.1 .15Q2. Oranges-Florida, $343.50 Oranges-Canfornia, S3.2563.75. Lemons-California, s4Q4.50 Lemons-Imported s450. Bell Peppers-$4. 20. rapefruit-Florida, s4. Cranberries-s2. 50.
 Old Potatoes-Irish, bu., $50. New Irish Potatoes-$3@3.2 Potatoes-Sweet, bu., $2.20. Onions-Red Globe, h., 12c. Onions-New Texas, $2.50.. Cabbage crate, s6. Turnips-Pound, 4c. Beans-String, hamper, $1.75@2. Squash-Hamper, $1.50. Limes-Imported, $1.25. /, Lettuce-s1.75 per hamper of three dozen. ucumbers-Hamper, s2.25. English Peas-Hamper, $1.50. Tomatoes-Fancy, $3.25; choice, s2.75. Apples-Box, $2.S@2.50.
The Birmingham age-herald., 1917-05-13
St. Louis Grain

St. Louis, May 12--Wheat, No. ? red. $3.40@3.41; No. 2 hard, s3.40@35o; May. s3.Ss; July s2.6SA. Corn, No. ?. $1.661a No. 2 white. $1.72@17S1s; July. s1.51ss May. $1.e31s. Oats. No. ?, 7114c; No. white, nominal; May 73c.
The Birmingham age-herald., 1917-05-13
Packers to Buy Bonds

Chicago, May 12.-Morris x Co.,, packers. today authorized the purchase of $75o,U in liberty bonds. and announced a plan wherein under its 25,o00 employees may purchase bonds on easy payments
The Birmingham age-herald., 1917-05-13
Meats
Creamery Products

Butter-Creamery, 4zc; process butter S91ac; oleomargarine. ZIG; country butter 25c.
 Full cream cheese, 261kc.