davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1920-11-23
Daily Financial Gossip
By HOLLAND

ny hO New York, November 22-(speciaI)- When any one who has had dealings in securities received from his broker a re- quest to a command that the margin car rying the stocks be increased, then the question has arisen whether he shall meet this demand or let the broker sell the securities Sometimes operators have found that their brokers were demanding as much as 90 per cent margin. Many times the brokers insisted that margins be increased so that it has often hap pened in this time of falling market for
 securities that the operator has let them
 go. He has found that he cannot afford
 to pay the increased rate for the use of
 money which has been a characteristic of the call money market for some time
 Careful investigation justifies the opin- ion that one of the reasons and perhaps the chief reason for the depreciation in the securities market is to be found in the demand for larger and larger mar gins. For a few days this demand has
 decreased and the fact that it has done
 so is accepted as one of several reasons
 for hoping that depressing conditions in
 the securities market or further hauida-
 tion have about ended. In fact it is observed that many of those who are
 familiar with conditions not only of the
 present time. but of the past feel just- fled in saving that one of these days a
 change will come which will be con
 tinued until the securities market may
 be of such activity as to justify speak
 ing of 1t as one of the greatest bull mar
 Sets this country has ever known. Those who forecast the coming of a great mar
 ket of this kind base their opinion upon
 some of the present day conditions to which the bankers referred in their re-
 cent metings at the office of J. r. Nor R- Co The EhO in My.
 Morgan's office as a whole, stand pre- eminent among the bankers and finan-
 ciers of New York. The association of
 all of them are not merely local, but nationwide and in some cases interna- tionai. Without exception these hankers are reported to have agreed that the
 banking situation throughout the entire
 country is one which is worthy of grat- flcation. This condition was put laconi- cally by one of the bankers, who said that there are no sore spots in the situa- ton, big ar little.
 WHEN WILL IT COME
 But the expected great and possibly phenomenal activity in the securities market will not come until several mat ters have been satisfactorily disposed of These chiefly refer to deflation and this deflaton, President Sabin of the Guar anty Trust company says, must continue until there is complete liquida tion of commodities, securities and labor Already it is underway in the manufacturing in- dustries It is not so much in evil
 dence in retail transactions although all agree that the retailers must yield to this influence sooner or later If they
 do not. then they will be confronted with the fact that the public continues to refrain from buying anything but the necessaries of life and as little of them as possible,
 WHY OUTLOOK IS GRATIFYING Although this is period of convases- cence from feverish conditions occasioned by war nevertheless many are the req
The Birmingham age-herald., 1920-11-23
Hy Associated Press

 New Orleans: MIddnng, l6; receipts, 9,579; exports, s7412; sales, l,43; stock, 376 7G6. Galveston: MiddIing, 1G.75c; receipts D. 519; exports, 9,9G; sales, 1,68; stock, SS4 9S9.
 Mobile: MiddImg, i6c receipts l,22s; stock. f5,Sl1. Savannah: MiddIing l6.25c; receipts, 28O; exports. 4,650; sales. S49; stock, 1E3. 750 Charleston: Receipts, 265; stock. 24o, 742.
 Texas City; Stock, 3,933. Norfolk: Middling, 15.5oc; receipts 2,Ss7; sales, 554; stock. 63,202. Baltimore: Stock, 4,07l. Boston Middling, 17.25c; stock, 14,10o Philadelphia: Middling, 17.35c; stock, 1 5365. New York: Middlinge. 17.1oc; receipts, 100; stock, 22,754. Minor ports: Stock. 1000. Total today: Receipts, 30735; exports, l 2, ,029: stock, 1,225, ,57A
 Total for week; Receipts s3s2S; exports, | 72,669 l Total for season: Receipts, 2326,697; ex- ports, 1.4S7, ,493.
The Birmingham age-herald., 1920-11-23
Lis erpool Cotton

Liverpool, November 22.--COtton: Spot quiet; prices easier; good middling, 147ld; fully middling, 13.71d middling, I22ld; low middling, 9.2ld; good ordinary, 6.Zld; ordinary, 5.21d; sales, 400 bales, includ- ing $500 American; receipts, 5000 bales, including 2S00 American. Futures closed Ieasy. November l1.5od; January, 1i.isd;
 March, 11.37d; May, 11.29d; July. u.ud; October 10 Sd
The Birmingham age-herald., 1920-11-23
Liberty Bonds BS Associated Press
Money Market
By Associated Press

New York, November 22-Prime mcr- cantile paper, TAOS. Exchange strong Sterling D-day bills. 3.45; commercial 60-day bills on banks, 345; commercial 6o-dap bills. S.t41a; demand, S.4sh; cables, 3.50h. Francs, demand, 6.62, cables, 6,64. Belgian francs, demand, TOT; cables 79 Builders, demand, coco; cables So7o. Lire, demand, 3S7; cables, S.@. Marks, de- mand, 1.52; cables t.5S. Greece, demand. 9.02. New York exchange on Montreal, l11s per cent discount. Government and railroad bonds firm. Time loans steady; 50 days. 90 days and six months, 7&Ge per cent.
The Birmingham age-herald., 1920-11-23

, Panama Ss. coupon. 70 American Smelling & Ref. 5s 75k American Tel. 6 Tel. cv, 6s... 94ls Atlantic Coast Line 1st 4s... TIA Baltimore & Ohio cv. 4hs. 707s | Bethlehem Steel ref. 5s ... 77M (. of Ca. Consolidated 5s. S7
 Central Leather 5s ..... 9Oh Chesapeake & Ohio cv. 5s ~ STA Chicago, R. X Quincy joint 4s 96 < Chic, Mil. & St. P. cv. 4ks... 70& Chicago, R. I. & Pac. Ky. ref 4s es
 City of Paris 6s. .s4M Colorado X Southern ref. 4Ms.. 7eA Denver G Rio Grande consol. 4s es
 I'ominion of Canad 5s 1s31).. s1% Erie gen. 4s ............ 4sA Illinois Central ref. s.... 75
 Int. Mer Marine ss............ 7s1s Kansas City Southern ref 5s.. 72 Louisville & Nashville un. 4s.. 80 Iiggett & Myers 5s .. 80
 Missouri, Kan. Texas +st 4s coz Missouri Pac. gen. As ... SIX New York Central deb. 6s .... 91A Norfolk 6 Western cv. es. .... 1021s Northern Pacific As ........... v
 Pennsylvania gen. 5s ........ 90
 Heading gen. 4s ...... s5
 Republic Iron & Steel 5s (1s4e) S5% St. Louis & San Fran. adj. 6s .. 637@ Seaboard Air Line adj. 5s ... 3s
 Southern Bell Tel. 5s ... 81
 Southern Pacific cv. 5s ..... 11$A Southern Railway '5s ...... s7
 Southern Railway gen. As ...... 5sA Texas Pacific 1st ......... 7S Union Pacific 4s .............. Se4 United Kingdom of c. B. & I.
 51as 193D .,,........ S5
 U. S Steel 5s ......... s2=t Virginia Carolina Chemical 5s. 92k Wabash 1st ........... S5h Wilson & Go. cv. 6s .........>.. SS
The Birmingham age-herald., 1920-11-23
Interior Movement

Houston: Mlddling, l6.25c. receipts, l5,
 f5, ,794; shipments. l4,71S; stock, 23l. $40. Memphis: Middling, 16.50; receipts, 4,727
 shipments, 3,l77; sales, $50; stock, 314. .799 , Augusta Middlng, i5.75; receipts, 2,9O9 shipments, l,o57; sales 100; stock 135,6i5. St Louis Middlng, 16.5oc receipts 2.2oi; shipments, 2,2o4; stock, 1i,059.
 Atlanta: Middling, 15.15c.
 Little Rock: Middling, 16.50c; receipts
 1,276: shipments, 593 sales, 622; stock 48,370
 Dallas: Middling. 149oc. Montgomery: Mddling, 16c; sales, 8.
The Birmingham age-herald., 1920-11-23

prevailed near the close and q ally took place on short covering and local
 buying for 8 reaction. Spot trade showed no improvement and crude markets were lower. Final bids were
 five points lower to eight net higner.
 Sales. 14,100 barrels; tenders. S5,
 prime crude, $. Sales, prime summer
 yellow spot closed at $s.50; DecenDer,
 3s.75; March, $9.27; May, SPAS. all lid.
The Birmingham age-herald., 1920-11-23
Dry Goods
By Associated Press

New York, November 22.-Cloth and yarn markets today remained generally dull. with prices weak. Dress goods in- quiries were more numerous, but re. quests came for lower prices than mer- chants think will be reached for some time. Inactivity in mems wear contin. ued: burlaps were firmer and siIks slightly improved
The Birmingham age-herald., 1920-11-23
More Truth Than Poetry
By JAMES J. MONTAGUE
FoREvER AND EvER

FOREVER AND EVER As long as the world rolls around on its
 axis,
 As long as about it the blue Heaven
 bend, The public will ante the annual taxes Which light-hearted grafters will
 joyfully spend. We'll froth at the mouth when we hear
 how they spent 'em,
 We'll call 'em crooked, burglarious
 lot, But will we rise up as one man to pre- From doing it over again? We viii
 not. Although now and then, in an access of
 fury
 When gyped out of most of our dear
 ly earned kale, We call in the aid of d special grand
 jury
 In hope they will hasten the grafters
 to jail. They don't go to jail; for their lawyers
 'won't let 'em,
 And, though they may dig up a fine
 now and then. They usually stall till the people for
 get 'em,
 Then back go their hands in our
 pockets again. We have not a doubt that at this very
 minute Some fat little graft has been planned
 to put through. And none of the light fingered gentle Will ever meet up with the fate thats their due. Wen learn all about it a year or two
 after
 A few million dollars are stolen and spent, But that will not worry the opulent grafter; D He'll keep right on grafting-its us who'll repent. Of course. we'll get huffy and put up a houer; Of course we will say it's a hideous shame That twenty-five cents in the average dollar
 Are all that we usually get in the game. But will we permit such a thing to continue, To let thieves and plunderers take from our till i The coin that we've earned with our muscle and sinew You'l1 win if you bet your last cent that we will! EVER READY Perhaps if MT. Harding will not take the job--in case MT. Wilson follows Mr. Bryans advice and resigns, Mir. Bryan can suggest the name of a man who will. BIRDS OF A FEATHER We understand now why so many crooked baseball players went to work for the emergency fleet corporation. WISE OLD BIRDS How sensible it was for Foch and | Clemenceau to postpone their row till after the war was over. l Copyright, 1920, by the Bell Syndi l cate, Inc.)
The Birmingham age-herald., 1920-11-23
Cities Service
 Company Gold Dehentures Series C Seven Per Cent

Sy SCyGh Ch StoA
 Holders of the above Debentures may convert on December 1, 1920. or on the first day of any month thereafter, ten per centum (10 per cent of the aggregate prin- cipal amount of Series c, Debentures owned by them respectively on November l. 1920. Conversion must be requested by such own CTS prior to December l. 1920, or prior to the first day of any month thereafter. and upon delivery by them or before De cember l. 1920, or on or before the hrsa day of any month thereafter, of the Deben- lures so desired to be converted (properiy endorsed, if registered) to Henry l.. Doher- ty & Company, Fiscal Agents. such Deben- lures will be converted into Cities Service Company Preferred and Common stocks CT the basis set forth in said Debentures certifc ates for which stocks will be issued and transmitted to such owners in the amounts respectively due.
 Henry L. Doherty & Company
 Fiscal Agents, Cities Service Company
 50 Wall Street, New York
 Dated November IT. 1920.
The Birmingham age-herald., 1920-11-23
MARINE NEWS
By Associated Press


 New Orleans. November 22.-clesred; Briarieaf CBr.), Port Arthur; Copan (Hond-) Osnoa via Port Cortez; George G. Henry, Tampico via Galveston: Historian tRr.), Liverpool; Lake F1orvista, Ha vana and Cuban ports; Nesco. Antwerp and Hamburg; Santa Rita. Tsmpico. Port Eads, La, November 2.--Arriyed Braziiier (Br). Antwerp; Hiburas CHond.), Bluefields; Jalisco (Meu-), Pro greso Metpan, Bocss Del Toro; Mor- ganse. Havana, 4ssipc de yiana 1 (Span.), Santiago f'fllas; rsn Paclo CF'r.) Europe: Tamrs A-aasssrfi>m; Torres, Tampico: Wef Bgrd sefpik Arrived: Sch asn3g &t48hc is Mrhay (Br.), BarbadoeN.
 Sailed: British IA&gpQts fa1.}, Nndon Banncdaike, St. Thonaas; siE82 fl}u sch) Amsterdam via Vera CTUs fi&vsns igo and Corunna. Spain; H. AtFaar Fssaser berg (Swedish), Havre aAsQ Htefaef1s 5pi7 jana CNor.), Rotterdam vie 3aisasE7a Steel Trader, Calcutta and saTAns ss Algiers, Piraeus smyrna, Alex. 'Glia. k'e rirna and Karachi; Wellesley, T.. atfss2,
 The playing cards of the fourl en7A century differed materially from sae pack in use today. The Venetian pac' for example, consisted of 78 cards-24 of them marked with emplems of va rious kinds and ss with numerals, di- yided into four suits of 14 cards each. The Nle valley has virtually no ram.
The Birmingham age-herald., 1920-11-23

sons for believing that various influ- erces are slowly but surely acting in cooperation so that. in due time, it may be three months or six months, condi- tions will be normal This view is not local one exclusively. It is shared by George NJ Reynolds and by the Forgan Brothers of Chicago, and by some of the influential men of Boston and other cities.
 It is proclaimed by bankers. who are men of influence in Cleveland, that the spontaneous economies now practced by the American people have put an end to extravaganza. They speak of the in- crease in the efficiency of labor. This is especially noticeably in some of the in dustrles of the midwest. The purchas- ing power of the dollar is rising. There seems to be no doubt that easier money will be in sight. And the opinion com- monly held by business men in Ohio is that the present lull in business will be at an end by early spring.
 MEXICO AND PROSPERITY
 The outlook for an early establishment of cordial relation between Mexico and the United States is so good that this in- ternational situation is sure to stimu- late to some extent at least our own prosperity. Other factors which are working hand in hand for the return Of prosperity are first of all the unprece- htHAcu tiOpS WHICH were NuibiNdteu AtiSL summer and harvested in the fall.
 Next, but of equal importance. is the recognized improvement in the railroad condition. This improvement has been more rapid than was expected when it began in the summer. The peak of the demand for credit has been reached. and fl was probably to this that Heroert Hoo yer referred when he said recently, that, maintaining our foreign trade are secured there is no doubt of the return of pros petty for all other conditions favor such return The--federal reserve bank ing system has justified it's existence. It has made it possible to withstand a credit strain which was not only the greatest in our history, but of which none of those who aided in the legislaton upon which this system is based had at the time the slightest comprehension. We are to have continued enormous for eign demand for almost all of our prod ucts, and especially manufactures and the agencies are now under way where by this demand can be satisfactorily fincanced. FurthermQre every one who is familiar with thei values of various securities reports that the market quo tations for the majority of the securi- ties at this time represent values which are far below the inherent value which are in these properties. By and by when the bull market comes these inherent values will be recognized and will in- fluance quotations. All say, however, that this is a poor time to speculate, but some are of the opinion that if any has at hand a considerable amount of money or even a few thousand dollars he would not go far astray if he were to buy outright certain securities and then lock them in his safe deposit box, waiting in confidence for the time when tEey will appreciate, although bearing in mind the fact that the government will, unless excess profits tax is eliminated, reach forth and take a considerable part of these profits.
The Birmingham age-herald., 1920-11-23
London Money m D-..

1 London, November 22.--Bar silver,
 t7Ad per ounce; money, 5A per cent; discount rates, short bills, 613.16@ @7.S
 per cent; three months bills. 611.1s per ,cent.
The Birmingham age-herald., 1920-11-23
Chicago Futures Ry Associafsd pr>
Cash Grain By AssOriafed px>ss

Cash Grain By Associated Preas Chicago. November 22--Wheat No i hard. s1.s7d1. .7oSi; No mixed, H.e.
 Corn, No. mixed, 63l1G64c; No. 3 vel low, s7QSSc.
 Oats. No. 2 white, 4sz@4rhe; No. !
 white, 4M@45c. Rye. No. 2. q. 1.471zGo1. .49 Barley, 65193c Timothy seed s5.so@s5o; clover seed, sl2Te0 Pork. nominal lard ,4s5; ribs s13. 25Gt15.75. St. Louis. November 22-cash wheat, No. red winter. $1sGn1.S2; December
 s1.621s March s1.4 Corn, No. white, 75c: No 3. 65c: De- 1 cember, 665sc; May. 70s4c. Oats. No. white. 461zM47tac: No 3. l 4s1zdp471zc; December. 451zc; May 4sc. Produce By Associated Press Chicago, November 22-Butter lower: creamery, 23Gr40c. Eggs lower; firsts, 690T0c. Poultry alive higher fowls. 17d221sc; springs. 23izc; turkeys, 4oc New York, November 2.-AButter steady; firsts, 4s@ssc. Eggs steady; firsts. 7clS1c. Cheese firm; average run, 241k@26hc.  St. Louis November 2.-Poultry: Hens 22c; springs, 23c; turkeys, Sc; ducks, 26c;
 geese. 23c. Butter: Creamery. 59c. Eggs, G8c. Potato Market By Associated Press Chicago, November 22-Potatoes dull; prices unchanged. Rice Market By AssOciated Press New Orleans, November 23.--Rough rice, no sales; receipts, 7,206 sacks; mill- CTS receipts same. Clean rice quiet Sales Japan, 1000 pockets. 5Mc; Blue Rose. 1.e62 pockets, 4s4g6c: bran, per ton, $13; polish. $30. Receipts, none. By clause in a special treaty con cluded soon after the first Punjab wal
 the Maharajah of Kashmir has the right--which he exercis6-of prohibit.
 ing the importation into his territories
The Birmingham age-herald., 1920-11-23

By a clause in a special treaty con- scluded soon after the first Punjab war the Maharajah of Kashmr has the right--which he exercis6L-of prohibit. ing the importation into his territories of pork piAe
The Birmingham age-herald., 1920-11-23
New Orleans Futures
Spot Cotton

By AssOciated Press
 New Orleans, November 22.-Spot cot ton quiet; 25 lower. Sales on the spot, 163 bales to arrive 1,250. Low middling, 1lc middlng. 16c; good middling, 1S.25c. Receipts, 9,579; stock, 576, 766
The Birmingham age-herald., 1920-11-23
Naval Stores

Savannah, Ga. November 22,-Turpen- tine steady, 92c. Sales, none; receipts.
 21; shipments, 10s stock, 1s,S8o. Rosin quiet Sales none; receipts, T2; ship ments, 2,072; stock, 63,610. Quote: B. D, E, F. G, H, I, K, M. N, VIC, wv, $11.
The Birmingham age-herald., 1920-11-23
Port Movement

New York. November 22-spot cotton quiet; middling, 17l0c
The Birmingham age-herald., 1920-11-23
Coffee Market Ry Axs0ciafAd BrNss

some further switching in the market for coffee futures today, but business generally was very quiet and the price movement narrow. First prices were |5 to points lower in response to weak ness in Rio Exchange rates and reports of lower milreis prices, but later cables showed a rally in Santos futures, and the market here steadied a few points from the lowest. March contracts ad- yanced from T.0ec to 7.l6c and closed at 7.l1c with the general market showing a net decline of to points. December 6. Sc: January, S2c; March, 7.llc; May, 7.51c; July, 7.ssc; September, s.Sc.
 Spot coffee quiet; Rio Is, 7c; santos 4s i001O1sc Cost and freight offers In cluded Santos 4s at eGs l-6c; Rio Fs At s.5Oc. American credits. The early cable showed an advance of 100 reis in the dollar buying rate and a decline of 3-l6d in Rio exchange on London. Rio futures were 100 to 15o reis lower and Santos un- changed to 10 reis lower, but later santos was quoted unchanged to 13 reis higher Brazilian port receipts, H.0O; Jundiahy receipts a,oO0; Santos cleared S,S0 Tor New York.
 Spot Coffee
 By AsssealEed rress New York, November 2.-spot coree' 7-16c.
 SrSav Market
 Dy Associated Press
 New York, November 22.--The an- nouncement that the president of Cuba may declare an embargo on sugar had little influence in the local raw sugar market today and prices were Ln- changed at Ike for Cubas, cost and freight, equal to 35.7s for Centrifugals There were sales of 5,200 bags of Cuban reported.
 The market for refined was quiet and unchanged at @ to $s.5o for fine gran ulated. In sugar futures some un- easiness was expressed that the em- bargo may result in some delay in the sugar to be applied on contract and there waA scattered covering move ment in evidence with closing prices 20 to 30 points net higher.
 Metal Market Dy AasseiAasd Rrs0 New York, November 2--Copper, nom- iIial; electrolytic spot and nearby l43x0dlA; first quarter, 1ph015.
 Iron quiet. No, northern. $l604s: No. 2 northern. 314046; No. southern <s804o Tin easy. spot and nearby $32ss@o6. 50; futures, $S7QN s; Antimony. S; lead. easier. spot. H.H0&5o; zinc quiet. East St. Louis delivery. spot 6t0s.1zk
 London, November A-Steno2ro cop per fs 12s Cd; futures n7ss Cd: electrolytic. spot. jGeo: futures. ESe Tin. spot f25l s. Futures. ERA 6s. Lead, spot EO 1ss: futures f2s 15s. Zinc, spot RX los: fu- tures f4 17s Cd.
 Gotten Seed on
 Dy AsseslatsA PPs0
 New York. November 23.-Coston seed oil dropped another quarter j ent today in inA with other com mo diry markets. but more friendly feelin1
The Birmingham age-herald., 1920-11-23
Metal Market
Csttsa Seed on

New York. November 23.-Coston seed oil dropped another quarter : ent today in line with other commodity markets but more friendly feeling
The Birmingham age-herald., 1920-11-23

London has long had the reputation of being a great shipping point, al.
 though the shipping has been done at
 Tilbury, which is 26 miles down tho river from London. Recently enormous concrete docks have been completed in
 the very heart of London and the city now is port. N
The Birmingham age-herald., 1920-11-23

EVER READY Perhaps if MT. Harding will not take the job-in case MT. Wilson follows MT Bryan's advice and resigns, Mir. Bryan can suggest the name of man who will
The Birmingham age-herald., 1920-11-23

The number of parts in a watch va- ries, but the usual number is 175, and in making these pieces and putting them together there are about 2,4os different operations.
The Birmingham age-herald., 1920-11-23

When the Brooklyn bridge was com pleted over the East River, 37 years ago, many people doubted its stability and predicted it's collapse. It is car rying many times the original load of weakness.
The Birmingham age-herald., 1920-11-23

A British flag was. displayed from the Bunker Hill monument october 2. 1903, on the occasion of the visit of the Honorable Artillery company of London.
The Birmingham age-herald., 1920-11-23

BIRDS or A FEATHER
 We understand now why so many crooked baseball players went to work for the emergency fleet corporation.
The Birmingham age-herald., 1920-11-23
Rice Market 

ny HHtOcIbtSU rtbH Chicago, November 22.-Potatoes dull; prices unchanged.
The Birmingham age-herald., 1920-11-23
WISE OLD BIRDS

How sensible it was for Foch ant Clemenceau to postpone their row til after the war was over. Copyright, 1920, by the Bell Syndi- cate, Inc.)