davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1920-12-14
ALL GRAINS CLOSED AT
 GOOD GAINS, WHILE THE
 PROVISIONS LIST TOOK DIP
By Associated Press

Chicago, December l3.--Strength de- veloped in the wheat market today large ly as a result of buying based on opin- ions that bearish financial and industrial factors had been discounted. Prices closed firm, 2h to 2s4 cents net higher with December $1.6ss4 and March slsla. to $l.62. Corn gained 1 cent to 2Is cents and oats ss to 5sc. In provisions there was a setback of l5d47c.
 Notwithstanding many elements of de- preSsions in sight at the opening, pres sure to sell turned out to be much less vigorous than had been looked for Shorts quickly took fright and soon all classes of traders began to show a de- cided preference, at least temporarily, for the bull side, the general assumption be- ing that comparative smallness of the volume of offerings indicated that the market had been oversod. and that the effect of depressing influences had been anticipated so far as the market was concerned. Much of the buying that en- sued was credited to exporters and there was also active demands for futures on the part of house with country connec- tions
 Talk was current of q serious shortage of supplies later in the season, unless prices above and export basis.
 Wet weather tended to give independent strength to corn and oats.
 Provisions were weak. in sympathy with new break in the value of hogs.
The Birmingham age-herald., 1920-12-14
DEPRECIATION WAS DRASTIC IN WALL
 STREET TRADING
News and General Advices Over Week End Confirmed Recent Developments in.
 Trade and Industry
By Associated Press

New York, December 13.-Values in the stock market were subjected to further drastic depressions today, losses F to almost 10 points lower in the list being accompanied by transactions aggregating l, 1,4oo.ooo shares, the target total, with few | exceptions, of the year.
 Pressure, in which shorts again were ac- tive. began at the outset, initial quota tons showing declines of l to 5 points. These were almost steadily extended, there being little or no interruption to the setback at any stage.
 Observers once more attribute much of the selling to desire the part of the corporations and individuals to ad- just income tax losses prior to the pay ment of the final installment of Wednes- day, but the relentless character of the liquidation seemed to point to mora pressing reasons.
 News and general advices over the weekend, aside from the better showing of the federal reserve bank, confirmed recent developments in trade and indus try. The west reported an extension of the general policy of retrenchment, with consequent slowing down of railway ton- nage-
 Existing investment conditions found significant expressions in the news that the banking syndicate organized to float S2O, 900, 900 of American Woolen shares had disbanded after failing to market it's wares and the supply of time money was smaller than at any time since Octoper'
 Next to Central of New Jersey, which forfeited 15 points on comparatively ts" sales, the weakest stock was Royal Dutch at a net loss of 9ss Other oils, also rails, steels, equipments, coppers, shippngs and food issues ended at losses of to points, final quotations in many instances being the days lowest
 Weakness extended to the bond market, virtually all domestic issues. especially convertible rails, yielding to the enlarged offerings.
 Total sales. par value. $20, ,25o,00o.
 Old United States bonds were un- changed on call. i
The Birmingham age-herald., 1920-12-14

Fly Associated Press New York. December 13.-The sugar market was weak and lower in all de- partments, and new low records for the year were established. Raws declined a quarter cent per pound on sales of 4.DO bags of Perus in port at 31ac centrifugal, and at the close there was more avail able at this level. while Cubas were of- fered at 3Ac. cost and freight, both equal to 4.76c for centrifugal
 In refined, prices were reduced f to hc to the basis of SAc to S3zc for fine granulated, while buyers were still in clined to pursue their hand-to-mouth policy, and only moderate business was reported.
 Sugar futures were weak under scat tered liquidation by commission houses and selling by trade interests, with clos ing prices at the lowest of the day, and from 30 to B points below the close of last week. January broke through the
 4c level. selling as low as 3.90c. and
 closed at 3.95c. March closed at 4.l3c;
 May, 4.2se; July, 4.43c.
The Birmingham age-herald., 1920-12-14

day to this. But, although it was torn apart from the combination identified by the name the Standard Oil Conn pany, nevertheless it today stands without superior in resources busi- ness, in progress. and in purposes which look far into the future. It is greater from every point of view than was the entire Standard oil combina- tion II years ago.
 There probably is not a record made anywhere. in the world which com pares with this. A subsidiary of a great corporation or organization hav- ing become independent through the imperative mandate of the courts pur- sues its way until in less than nine years it becomes a greater organiza- tion than was the so-called parent organization at the time of the dis solution. This wonderful growth of itself tells the story of the vast ex- pansion of the oil industry within 10 years.
 This growth is demonstrated to be a fact, partly by the quotations for the stock of this company as recently reported in the securities market De- casionally these quotations have been as high as seven hundred dollars a share. For a long time they have been maintained at point between $500 and S700 share.
 STORY OF THE RESOURCES
 The capital of the company repre- scented by its common stock is s1oo,- 000,000 and its preferred stock is s2o0. OO0,0OO, but the public seems to realize that this capital by no means repre- sents the real value of the property. If the quotation of $500 share ac- curately represents the inherent value of the property then the resources and surplus are at least $500, 00O, 900 in excess of the capital
 So high have been the quotations for this stock that the holdings of it naee been comparatively limited. Few persons are tempted to go into the market and buy a stock for which the quctrtions are between $500 and S7O0 share. The management has for some time been persuaded that if would be better both for the company and the public if there were d much wider distribution of the stock. The increase of the capital stock and the reduction of the par value to $25 per share would make a much wider dis tribution possible. It would also be practicable so far as the employees are concerned because the reduction in the quotations of the stock would be so large as to facilitate the purchase of stock by employees. Not to go into details it is sufficient to say that if the plan be approved by the stock holders then as many of the employees as chose to take advantage of the plan may be contributing each month a cer- tain part Of their wages to which will be added certain amount contributed by the company. It will be possible Tor employees to become owners and therefore part owners of the property. The fundamental principle upon which this corporation is now work ing in it's relations to labor is this: that 1t stands for square deal for every employe and the recognition of the employe as an individual who has right to a voice in matters that di- rectly concern him.
The Birmingham age-herald., 1920-12-14
.aHIRTEEN

points. The underlying feature was the conservative buying of cotton on the de- cline by large houses, believing that all bearish news is out and that the market will assume a healthier tone. We are reaching d very critical stage, the crisis, so to speak, and we are expecting that after the Christmas liquidation. and slightly lower prices, cotton will be viewed from the constructive side. The trade is not at present in any condition to buy in volume, but we expect that not long after the first of the year will find better feeling all around-a We anticipate some sharp decline, but do moi care to follow this. We would rather buy on severe setbacks.-Hubbard Bros. & Go.
The Birmingham age-herald., 1920-12-14
Cotton Seed Oil

New York. December 1&-Cotton seed oil was lower in consequence of scat tered liquidation on the weakness in lard and cotton and heaviness in Wall street. Closing bids were 90 to 36 points net lower Sales, l4,7oO barrels; tenders, 2O barrels. Prime crude sales, 6So. Prime summer yellow spot. $9n9. 50; January, So 10; March. S9.3S; May, So. 63.
The Birmingham age-herald., 1920-12-14
Coffee Market.

ny AsSoclated Press
 New York, December 13--There were further declines in the market for coffee futures here today owing to the unset tied ruling of Brazil and scattering liquidation. The opening showed de- cline of to F points, with active months later selling Is to 19 points below Satur- days closing figures. This carried March off to 6.SSc, or within 13 points of the seasons low record, and last prices were within point or two of the lowest, showing net losses of r to 20 points December. 6.a2c; January. 6.55c; March, 6S9c; May, 7.26c; July. 7.59c; September, 7.S7c; October, 7.95c.
 Spot coffee dull; Rio Is, 6%@7c; Santos As, 9A@10Ac. Cost and freight offers in cluded Santos As at S&@9Ac and Rio Is 63-5 to 53-5c. Official cables showed decline of S0 reis in the buying rate and of 50 to 75 reis in the Rio market. Santos futures were g reis lower
 Rio exchange on London was hd lower Brazilian port receipts, 47.000; Jundiahy receipts, 36, 900.
The Birmingham age-herald., 1920-12-14
Rice Market

akHSVUI"tVU
 New Orleans, La, December 13.-- Rough rice no sales; receipts, 1,976 sacks; millers' receipts, same. Clean rice steady; sales, 76 pockets, ) 7-S; Japan, GA pockets, h; Blue Rose, 1.164 pockets, 355 @5A receipts S,149; bran and polished unchanged.
The Birmingham age-herald., 1920-12-14
Hubbard Bros. & Go.

Members New York Cotton Exchange, New Orleans Cotton Exchange, New York Produce Exchange. Associated Members Liverpool Cotton Association. Orders solicited for the purchase and sale of Cotton and Cotton Seed Oil for future delivery. Special atten- ton and liberal terms given for consign- ment of spot cotton for delivery.
The Birmingham age-herald., 1920-12-14
Daily Financial Gossip
Rx HOLLAND

New York, December 13.-(Special0
 Whether the oil properties which the Southern Pacific Railway company have found in it's possession are of the
 value of $500, 900, 900 or of $40O, 1000, 900, these figures setting forth the largest and the smallest estimate of their value, may not be known accurately for long time. But whatever the value is, it is to be represented by segregation in such manner that the Southern Pacific stockholders may participate, according to their stock holdings, although to do that will ap- parently require payment of S15 for each share taken.
 It is a coincidence in point of time that while this great railroad corpora tion prepares for a segregation of part of it's property and a proportion ate division according to the stock each stoekholder holds, the Standard Oil Company of New Jersey has just perfected plan which is to be sub mitted within few days to the stock holders who, if they approve this plan. Twill authorize an increase in it's com mon stock now of S100,000, 900 par value, to s110,000, 900 par value. But this Is not all of the plan, for 1t is proposed to change the par value of
 the shares of the common stock from S100 each to $25 each. The total au- thorized capital stock of this company is $310,000,000 of which $200, 100000 is preferred stock.
 The conjectures have been many which have been centered upon the purpose of the directors in asking the stockholders to approve this plan. It has sometimes been said that per haps the companay would have done better if it had declared a stock dividend. Those who have been in close touch with the management of the Standard Oil Company of New Jersey have had excellent reasons for sur missing that had the way been clear for so doing then instead of the proposed arrangement a stock dividend would have been declared. But various ob- stacles that stood in the way of a transaction of this kind caused it to be regarded as inexpedient. The fed eral tax, if there be any upon stock dividends and various other obstacles it is understood cause the manage ment to work out new plan. In a few days the stockholders will be asked to approve this plan. It's chief purpose is to enable the employees of the com
 pany as we'll as those who are actively engaged in it's operations to become stockholders and to assist employees Tn paying for their stock. Any per son who on the last day of the present year was in regular and continuous employ of the company or any of it's subsidiaries, or has been actively en- gagged in the conduct of their busi- ness Tor one year is regarded as an employe.
 A GIANT CORPORATION Nine years ago the Standard Oil Company of New Jersey was one of the constituent parts of the old Stand- ard Oil company which by decision of the courts was dissolved. After this dissolution the Standard Oil Company of New Jersey became independent. It has remained independent from that
The Birmingham age-herald., 1920-12-14
Dry Goods
By Associated Press

New York, December 13-Cotton goods were generally quiet in todays market, with prices holding steady; yarns were dull. wool goods steadier. burlaps weak, Raw silk prices were nominally steady with foreign markets slightly weaker,
The Birmingham age-herald., 1920-12-14

| Liverpool, December 13.-Spot cotton
 more inquiry; prices lower; good mid ding, 13. 25d fully middling, 12 Sod; mid ding. lid; low mddling, .25d; good ! mary, 625d; ordinary 5.25d Sales, 6,WO bales, including 3,700 American Receipts, i 10000 bales. including 6,600 American. Flu lures closed quiet. December, Il Old; Jan uary, Il .0Sd; March. II 15d; May, Il. .17d; ] July. Il .13d; October. 10 sod.
The Birmingham age-herald., 1920-12-14
Spot Cotton

ny xAbBOCIBteO Pfe6S New Orleans, December I3.-Spot cot
 ton steady and unchanged Sales on the spot, 476 bales; to arrive, aS0o. Low mid
 ding. 9.75c; middling, 14.75c; good mid ding. l7c; receipts, 9.S96; stock, 455. .646. New York. December 13.-Spot cotton
 quiet; mildling 15.59c,
The Birmingham age-herald., 1920-12-14
Interior Movement By Associnfed Presx

Houston: Middling, ff25c; receipts l3.-
 Gl shipments, 9,62s, sales, 4,l14; stock, 514,9l1.
 Memphis: ,iidding, 15c; receipts, 4I2S; shipments, 4.254: sales, 45o; stock. 3sJ, ,5l4
 Augusta Middling. 15c; receipts, l375, shipments. 500; sales. 202; stock, i5l,54l
 St. Louis: Middling, 15c: receipts, e75, shipments, 20: stock, 15s10. Atlanta: Middling. 14c. Little Rock Middling. 15c; receipts, l.395; shipments. 125; sales, $50. stock, 5s07a. Dallas Middling. 1s.30c sales. 3,7lo Montgomery: Middling. lf25c; sales, 2l0. Total for day: Receipts 2, ,040: ship ments, 14.S51; stock, 995,SaS
The Birmingham age-herald., 1920-12-14
Port Movement

IpS <AsSOCihtcu FPeSS New Orleans. Middling. 1475c; receipls s,S96; sales, 1,776 stock, 455.646 Galveston: Middling 15.25c; receipts l6,75o; exports. 43.725; sales, 1,4oo; stock 311, ,692. Mobile: Middling, 14.75c; receipts, S53 stock, 19425. Savannah: Middling. 15.sc; receipts 1,2l8: stock, 151 ,2ss. Charleston: Receipts, 457; stock, 2A,5 Wilmington: Middling 14c; receipts 2S5; stock 430Z7. Texas City: Stock. 4.649. Norfolk: Middling 4.5Oc; receipts, l, 4ss; sales. 222: stock, 6s,132. Baltimore: Exports, 200 stock, 4O2s Boston: Middlng. 1625c: receipts, 425 stock, 12.s00.
 Philadelphia: Middling. 15.75c; stock 6643. New York: MiddIing. i5.5Oc; receipts l l.53; stock, 22,s57. | Minor ports: Stock, $2.105
 Total for day: Receipts. 32.005: exports 43.925: stock, 1,346.22f.
 Total for week; Receipts. 54,oi2: ex- ports. 59.403
 Total for season: Receipts, 2,99s, ,so2; cx- ports, 2,c91,15
The Birmingham age-herald., 1920-12-14
Liverpool Cotton

Liverpool. December l3.--The cotton exchange held an extra session late to- day to receive the United States De- partment of Agricultures estimate of the cotton crop. The figures were high. CT than expected and prices fell about 50 points below the regular closing December 10.52 January 10.5s; March 10.6S: May 10.7i; July 10.69; October 1053
 The cotton exchange here will be
The Birmingham age-herald., 1920-12-14
Hubbard Bros. & Co,s Letter

New York, December 13.-(Special)- The government estimate of 12,9S7,O0O bales was extremely bearish and as a consequence our market sold off some 90
The Birmingham age-herald., 1920-12-14
Naval Stores H- D-1,

Savannah. December 15.--Turpentine quiet 92Mc; sales, none; receipts, 301; shipments, 23S; stock. 14935 Resin quieit; sales, none; receipts. 1.202: ship ments. 3s7; stock. 74.791. Quote: B D, F., F, c, H. I. K, M N. VIC, wv, s11.
The Birmingham age-herald., 1920-12-14

By Associated Press
 London, December 13-Bar silver 40zsd per ounce. Money, per cent Discount rates Short bills, 611-16@6% per cent; three-months' bills, 6 611-16@6% per cent.
The Birmingham age-herald., 1920-12-14
Money Market By Associated Presa

New York, December 13.--Prime mer- scantile paper, "A CT s per cent: exchange easy. Sterling 60-day bills. $340b; 60-day hills on banks, t3.40h; commercial 60-day bills. 3.39%; demand, s3.447s cables, $3.45ss. Francs, demand. S0.4s; cables 30.5S. Lire, de- wand. 3.46; cables. 3.4s. Marks demand, sss2; cables, 1.34. Greece. demand. 7.60. Few York exchange on Montreal, 13M
 per cent discount. Government bonds sasy R. ilroad bonds heavy. Time
The Birmingham age-herald., 1920-12-14
New Orleans Futures

~X By Associated Press
 New Orleans. December 13.--The cot ton market closed steady at net de- cline of 66 to 73 points:
The Birmingham age-herald., 1920-12-14
Potato Market n- D~n..

Chicago December 15.--Potatoes weak; northern whites. sacked, $1.25@ 1.40 cwt.; bulk, $1.30@1.45 cwt.; Min nesota Red river Ohios, $1.50 cwt.
The Birmingham age-herald., 1920-12-14
London Money

loans firm; so days, 90 days and six months. 7h @7A per cent
The Birmingham age-herald., 1920-12-14
Chicago Futures h.
Cash Grain

By ASSOCIhteU FresS Chicago, December i3.-Wheat: No. red. $1.7S.
 Corn No ? mixed, 76e No yellow, 7914c.
 Oats: No. 2 white. 49G5oc; No. white, 4scT494c.
 Rye: No ?, $t.531za1 .5619 Barley not quoted. Timothy seed, s5 o5 d6.75; clover seed, s15.50d9O. Pork nom- iral lard s13.T; ribs, s11 25D1S, g. St. Louis, December 13-Cash wheat: No. 2 red winter, g; December, $l71s; March, sl.661z.
 Corn No. ? white 751kc; No 3, T3c: December, 72ac: May, 75ssc. Oats; No, white, 5094c; December, 50h May 51c.
The Birmingham age-herald., 1920-12-14

London, December 1s.--Standard cop per- spot. ITS lis Sd; futures. f76 2s Sd 1; electrolytic spot, fs7 los; futures ESQ. Tin spot. f2i5 5s; futures. f21S 5s. Lead spot, f24 Is Sd; futures, f25. Zinc, spot. FPS 1Os: futures f3O.
The Birmingham age-herald., 1920-12-14
Metal Market Rv A Aaaociafad Pveaa

New York, December 13.-Copper quiet; electrolytic spot and nearby. 1894 M14c; first quarter, 14Q14Ac. Iron easy, No. 1 northern. sS7; No. ? north ern, s34; No. southern. $35. Tin weak, spot and nearby, $33. 50; futures, $S4.25. Anthony. $5.50@5.75. Lead steady, spot $5. Zinc easy; East St. Louis de- livery, spot, $6.
The Birmingham age-herald., 1920-12-14

closed December "A. 25 and 27, Christ mas holidays.
The Birmingham age-herald., 1920-12-14
Produce

By Associated Press
 Chicago, December 13.-Butter firm: creamery, 33449c. Eggs unchanged; !; firsts, 72D74c. Poultry. alive unchanged; i; fowls 16424c; springs, 24c; turkeys, 3Sc.
The Birmingham age-herald., 1920-12-14
Saot. Coffee
Sugar Market

By Associated Press New York, December 13.-Spot coffee 6Bc.
The Birmingham age-herald., 1920-12-14

New York, December 1s.--Butter firm i; frsts. 41M5Sc. Eggs unsettled; frsts $40 S5c. Cheese easy; average run, 221ad231sc
The Birmingham age-herald., 1920-12-14

St. Louis, December 1S.-Poultry. hens. 16@2115c; springs, 21iac: turkeys, 40c; ducks, 26c; geese, 24c. Butter, creamery, 49c. Eggs, 6Sc
The Birmingham age-herald., 1920-12-14
A GIANT CORPORATION

Nine years ago the Standard Oil Company of New Jersey was one of the constituent parts of the old Stand- ard Oil company, which by decision of the courts was dissolved. After this dissolution the Standard Oil Company Of New Jersey became independent It has remained independent from that
The Birmingham age-herald., 1920-12-14
New York Futures

By Associated Press New York, December 13.-The cotton
The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1920-08-21
NEW REGISTRATION LAW


The new registration law went into
effect August 18th.
Persons desiring to register for the
coming democratic primary, Sept ID
should observe closely these rules.
First, in order to register a person
shall heve been an actual bona fide
resident of the state for two years, OF
the parish for one year and of the pre-.
CinCt six months next preceding any
election at which he may offer to vote
Second, he must go in person to the
office of the clerk of court before the
close of business each day and not
late rthan August %. This would not
apply to cases where an error had
been made.
Anyone having moved from his vOt
ing precinct into another, and having
lived in that other the required six
months. should have his place of vot.
ing changed and do this by Augustus
On January /, 1921, brand new reg
istration will be made, at which al
must register anew. This is done every
four years.
The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1920-08-21
'lHDDLS WILL OPEN
FRIDAY, SEPT 10TH.

cnnf w. P. Annette of the Parish
.Sools announces that Welsh High
Hal IC will open for the 192O-21 SEES
y on the Friday morning before
IOnday, Sept. 18th.
J Triday will be devoted to assign,
,ant Of pupils to their classes; pupils
m he given their lists of books, ETC.,
be secured an determinations had
vaminations not finished on Friday
m he continued Saturday.
The idea is to have the school or
snization perfected so that real work
,ay begin on Monday, September TO-
The quota of teachers for the parish
about filled, and will be published
The next issue of the Journal.
The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1920-08-21
has only one purpose in view, and that
is looking after your interests

is looking after your interests.
When they talk about the commits
sion charged for the services rendered.
that is too small to even think about
It has never been the purpose Of the
association to make any money hence
that is the reason after the first two
years, When we saw that it was max
ing more than expenses, the fee was
dropped from ten cents per sack to
seven and Cne-half. Again they saw
that they were making money and
dropped to five cents per sack That
year they lost money, in fact saw that
they could not give service and adj
vanced to six and One-half cents pei
sack. Now the cost of everything has
advanced and the salaried man has tc
have money to buy on and they had
to meet the salaries offered several
of the men by other parties, so the
price had to be raised again this year
But if you will just think of the fee
as taking eight cents out of one pocket
and, working together. putting any
where from fifty cents to one dollar
and a half in another pocket, the fee
is insignificant.
Some will say, 81 do not want to
hold my rice None Of us do, and the
Association does not want to hold it.
They want to sell it and you will find
more rice will be sold on asteady in
clining market than ever will move on
a declining or unsteady market. The
clean rice trade will simply hold off
and wait till they see what the rough
rice market is going to do. If they
know we want price that will justify
us to raise rice and that we do not
intend to give it away they will take
on thee lean and the consumption of
the United States will increase to
where we will be assured all Of our
rice will be sold,
| The Association has been doing
business for ten years and has made
good every year. If you saw fit to stay
out of the farmers organization fo1
the first year or two until you saw
what they were going to do, that may
have been alright, but after they have
shown what they can and have done
why should you not join the rest and
make it strong enough that you will