davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1920-08-03
FFFTCIENCY WORK

as a prince in the iron industry. second
 only to the western Pennsylvania dis triCt
The Birmingham age-herald., 1920-08-03
PRICE OF WHEAT LIFTED BY MUCH
 HEAVY BUYING
Rv A.snclaied Prn.s

Chicago, August D Broader specula- tive buying accompanied by chances of a reaction from the big decline of late did much today to lift the price of wheat. Closing quotations were unset tied 11ac to 21ae net higher, with Decem- ber $213 and March s2.15. Corn gained 29sc to 31ac, and oats closed tc to 1ac higher.
 It was the first time since trading in future deliveries of wheat had been re- sumed that well defined speculative de- mand showed itself and gave energetic support to values. The market opened weak, but absence Of any important fresh liquidation made bears cautious. and then opinion appeared to spread that bottom prices had been reached for at least the time being Much hedging pressure, which was in evidence at times was offset by gossip of export business with Italy and Belgium. Esti- mates of a three-bllion bushel crop in the United States this season had onfy transient effect in checking the bulls.
 Corn and oats sympathized with the upturn in wheat and were further strengthened by complaints that dry weather was increasing the likelihood of the damage to corn, especially in Illinois and Indiana.
 1, Provisions lacked support selling how ever, was chiefly of scattering order.
The Birmingham age-herald., 1920-08-03
GOVERNMENT CROP REPORT SENT PRICE
 OF COTTON UPWARD
In the General List the Close Was Steady at Net Ad- vance of 5 to 102
 Points
By Assoefatnd TEAS


 r New York, July 2.-The government crop report placing the condition at 74.l and the indicated yield at i25f9- 0O0 bales, was followed by a sharp rally on covering which was stimu. lated by bullish season-end figures from New Orleans.
 December contracts advanced from the low level of the morning and S5 points above the closing price of Sat urday closing at So.6Se, with the gen eral list closing very steady at net advance of B to 102 points.
 The market was unsettled during the earlier trading owing to reports of continued depression in the goods trade at home and abroad. continued favorable weather in the south and increased nervousness over European political conditions. The weakness of the stock market following the rail- road rate advance was also q disap- pointment which was reflected by Wall street selling of cotton, and after opening easy at decline of to 15 points, active months sold about i , to 53 points net lower before the end of the morning.
 The government report was not far below expectations, based on recent private figures, but it had evidently been fully discounted and proved the signal for covering by recent sellers.
 This became more active later in the afternoon when private advices from New Orleans indicated a decrease of nearly a million bales in the world $ carry-over of American cotton for the season, and carried the price of Octo- Der up from S0.94c to 31.90c, while January advanced from 29c to 3012c or 6S to 105 points net higher. The close was several points off from the best under realizing and the bulk of the buying on the advance was at tributed to covering.
The Birmingham age-herald., 1920-08-03
New York Futures By Associated Press
American Cotton < Grain Exchanpe
NeW fork, August 2.-Cotton futures ranged as follows today:
New Orleans Cotton

New Orleans, August 2.-Priee changes m cotton today were highly rregularand the market was nervous and unsettled the entire session through. Immediately after the government report on condition at 10 o'clock there was a rise of nearly a cent pound on the strongest months, as the percentage of. I'll of normal was considerably under average expectations, and bearish traders looked for consid- erahly larger indicated crop than l., 2,519,po1 bales, the figures returned. Strength was not sustained and wide reactions foI- lowed. but late in the session, under the
 leadership of March, new high levels were made by the late months. March bulged 1O6 points over Saturdays close
 to 29.56c. The net changes on the close were gains of A to 94 points Before the time of the bureau the market al one time showed advances of 10 to l9 points on tho near months, but the gen ctral trend was lower and prices worked down to net advances of 15 to 51 points before the bureau report, Just around the bureau October bulged @ points to 60 9j. reaching it's highest price at ths stage. Reactions a little later were as strong as G0 to 70 points on the most active months, but new buying of con sequence gave the market nervous strength toward the close. The best de- mand of the session was from the short side.
 Annual figures issued today placed ths commercial crop for the season ending Saturday at 12,H3000 bales, worlds con sumption of American cotton at t2, 735,y yD bales and the carry-over at 6oS6,ooo.
The Birmingham age-herald., 1920-08-03
FLUCTUATIONS IN
 WALL STREET WERE:
 SEVERE YESTERDAY
Increase In Rates Causes All Rail Quotations to Make Substantial Gains
 During the Day
By Assoeiated Press

New York, August 2-The stock mar ket today was subjected to severe fluc. iuations, with final prices showing con- siderable losses in a large number of speculative favorites.
 Announcement last Saturday. after the close of the market. of the rate increases granted the railroads caused wave of buying at the outset which set prices upward at a rapid rate All classes of shares participated with gains ranging from l to S1s points. Short covering was of an urgent character for time, with commission houses reporting a large in- FuX of buying orders from all sections Df the country.
 Seasoned diyidend-paying rail shares made the best showing.
 Such favorites as New York Central. Union Pacific. Southern Pacific. Illinois Central. Louisville and Nashville. Atchi- son, Reading and Northern Pacific were In the van, with material improvements also in a long list of low-prced roads and a wide sprinkling of specialties
 Expectations that the railroads would shortly be in a position to purchase large
 
 buying of the equipment group. Popular udustrials also moved forward.
 Stocks were quickly supplied at the higher levels. and the trading element, which had taken the long side, made haste to throw over it's holdings.
 Particular pressure was exerted against 3 great variety of shares which are popular speculative mediums, including the steels, shippings, oils, motors, tex tiles. paper and food securities.
 Advances under the flood of liquida- ton and short selling soon were can- ceed and the list crumhled away stead fly until many leading stocks were quoted at prices below the low levels recently recorded.
 Much stress was laid on the unfavor- able character of the foreign news and the fact that call money continues to rule al stiff rates.
 Bonds were quoted substantially higher and held up well despite weakness in ether quarters. Foreign bonds were sold at concessions, and there were moderate recessions in the Liberty Loans Total sales of bonds, par value, S10,16o0oo.
 Old United States bonds were un- changed on call.
The Birmingham age-herald., 1920-08-03


 New York, August 2.-The local. mar ket for raw sugar was quiet and un- changed at 15A cents for Cubas. cost and freight equal to 16.50 for centri- fugal. There were further sales of 4200 bags of Cubas to New Orleans at 15A, cost and freight, first half Au- gust shipment, although local opera : tors appeared to be out of the mar ket.
 The market for refined was un- changed at 21 to 22.5o for fine granu- lated with only moderate inquiry re ported.
 Futures were firmer early on re ports of firmer feeling in Cuba where it was said that large interests were holding their supplies for higher prices.
 There was scattered covering by shorts and a little demand from trade interests, but the fact that further sales were made in the spot market at unchanged prices undermined local sentiment to some extent and after showing advances of thirty to forty five points prices eased off in the af- ternoon with closing quotations five points higher to ten lower for present crops.
The Birmingham age-herald., 1920-08-03
WHAT THIS COUNTRY
 AND CANADA REQUIRE

The report of the United States Steel Corporation, with which Wall street was disappointed, nevertheless points to enor- mour iron ore requirements, not alone for ttis corporation, but for the entire indus try in the United States and in Canada. Already our northern neighbor and our selves are using nearly hundred mill lion tons of ore a year, And within ten years probably the need will bea high as one hundred and fifty million tons.
 We have iron ore in plenty for cen- turies. The authorities in Washington es- tinate that the reserves of iron ore in the United States aggregate forty billion tons, and if these are added to the reserve ores of Canada the total supply would be nearly fifty billion tons
 There is nothing in the report recently issued by, the United States Steel Cor poration to justify anxiety. On the con- trary, the report clearly indicates that the greatest industry in the United States and the greatest of it's kind in the world is not suffering from depression, af- though it is true that if there had been no railroad congestion and no degres- sion in some other lines of business, the figures reported by the corporation might have been somewhat larger
The Birmingham age-herald., 1920-08-03
Port Movement

New Orleans: Middling. SS. 5oc re- ceipts, 1,S76 sales 775; stock, 22e.47 Galveston: Mddlng, 57c; sales. @oo; stock, 1o9, ,0S6
 Mobile: Middlng, ss5oc: stock, 1,543 Savannah: Middling. 39c; receipts, 5i2; stock, 5s,SS5.
 Chsrleston Mtddling, 4o5oc; stock. 223, ,6S4
 Wilmington: Middling. 3sc; receipts, 1l5; stock, 25,3S9.
 Texas City. Stock, i1556.
 Norfolk: Middling 4.50ci receipts, 115; stock. 9, ,3s9.
 Baltimore: stock 7S19.
 Boston: Middling. 4oc receipts. s5; stock, $500.
 Philadelphia: Middling, 4o,25c; stock, 4,5S4
 New York: Middling. 4oc; stock. n.2is. Minor ports; Stock, 2,65S
 Total for day Receipts. 2,1eS; stock. 756, 115.
 Total for week. Receipts, S,i54; exports, 12,26S
 Total for season: Receipts e.f6s.
The Birmingham age-herald., 1920-08-03
Improved Steam Auto

Though popular opinion has made the gasoline auto the standard type. the steam car retains loyal friends. because of it's superior power and flexibility. To retain this advantage, and achieve all that the gas car has besides is the pur- pose of a new steam drive for autos, tractors or trucks according to a we'll illustrated article in The Popular Me chanics Magazine. With this improved
 equipment, It Is declared that steam may be raised from a cold boiler in twenty to fifty seconds by merely turning a
 switch, that the car will run a mile after the fire. is shut off and that one twenty-five-gaiion tank of water is good
 for 100 to 250 miles The continuous flow boiler is made of nickel-steel tubing of one-half inch inside and ee-fourths inch outside diameter. arranged conical- ly in four layers, at the top of yhich the kerosene or fuel oil Is burned in a spray.
The Birmingham age-herald., 1920-08-03
Coffee Market
 Rv Aseoelzfed presa

New York. August 2-Nervousness over European political conditions and the weakness of the stock market caused some irregularity in the mar ket for coffee futures today. On the whole, however, the tone showed some improvement owing to firmer Brazilian cables and reports of slightly better spot demand and after opening at an advance of ten to twenty points active months sold about thirty-five to forty one points net higher during the mid de of the day.
 There were reactions of several points later under realizing.
 December eased off from 10.s0 to 10.50, but that delivery closed at 10.64 with the general list showing a net advance of fifteen to twenty-seven points. September 1o.5o; October 10.42; December 1o.s4; January 10.71; March 1o.s4; May 1923. July 11.o4
 i. Spot coffee was reported in moderate demand with prices nominally un- changed at 1oS4 to II for Rio Is and 17A to 1874 for Santos fours. Cost and freight offers were unchanged to a bourbon quoted at l4.00 to 14.50, and fair to good roasting fours at 13.70, American credits.
 The official cables. showed an ad- vance of 150 reis in the Rio market The early cables reported decline of twenty five to 200 reis in Santos futures. but there was desline of 15o reis in the dollar buying rate and an advance of 1332d in the rate of Rio exchange on London. Later a special cable was received indicating a de- cline of twenty-five points to an ad- vance of 100 points In Santos futures but it was posted subject to correc- ton.
 Brazilian port receipts 10000; Jundiahy receipts 3s.ooo. Rio cleared 2a3Oo bags for the United States.
The Birmingham age-herald., 1920-08-03
Lifeboat Launching Automatic

The hurried launching of lifeboats from disabled vessels Is usually attended by confusion and danger. An eastern shpyard worker has devised new meth cd of lowering the boats that carries them forty feet away from the ship s side. lays them on an even keel, and gives them a forward impulse, states Popular Mechanics Magazine. The small boat, instead of hanging in davits rests in a cradle supported by three parallel inclined arms. which are pivoted near the water line and guyed by cables at tached above.
The Birmingham age-herald., 1920-08-03
NEGRO INTRUDER
 SHOT BY WILLIAMS

Nicller Wilson, negro, is in the Hill man hospital this morning as the result of having been shot in the thigh about 2 clock last night.
 The shooting occurred in Fifth alley, between Twentieth and Twenty first streets. The bullet that wounded Wilson was fired by Sabe Williams, negro. who says he fired on Wilson because he saw him entering his yard and he did not know who he was. Williams explained.
 Detectives Cartwright and Williamson answered the call and gave first aid tG the negro who was bleeding profuseiy.
The Birmingham age-herald., 1920-08-03

as prince in the iron industry, second only to the western Pennsylvania dis trict
 EFFICIENCY WORK
 The iron and steel industry reflects an almost amazing development of etfi- cheney. This has been secured by the in genuity of the inventors who have per fected wonderful machinery. Some of 1t seems almost to act with conscious in teilisence. In the case of the steamers which are employed in transporting iron ores from Michigan and Minnesota to the manufacturing plants in the Pittsburg district and at Gary, efficiency is rep resented to it's highest capacity. It is re- ported that many times single steamer has been loaded with little over 10.0OO gross tons of ore in less than minute. This has required very little manual labor, no more than the control by a movement of the hand or arm Of the machinery. Efficiency makes it possible to unload a cargo of i000o tons in about four hours and at a cost of cents ton. 1t is no wonder in view of the fact that our re- sources in iron ore and in coke and lime stone are so plentiful. and have been placed by nature in proximity to the iron mines. that the United States, by the em- rloyment of wonderful machine effi- ciency. has taken pre-eminence in the iron and steel industry of the world.
The Birmingham age-herald., 1920-08-03
Liberty Bonds By Asss .ated Press
Money Market

New York, August 2.-Mercantile paper, s; exchange steady; sterling, e0-day pills, a.eots; commercial 60-day bills on banks, o.oo12; commercial 60-day bills, 36s; de- mand, S.71; cables, 37lst. Francs: De- mand, 761; cables, 7.63. Belgian francs !: Demand. S.1l; cables, SIS Builders: De- mand. S4; cables, 34 o2. Lire: Demand, .S3; cables, 5.35. Marks: Demand, 2.72; cables, 2. 2s. New York exchange on Mon- treal, 10A per cent discount Govern ment bonds easy; railroad bonds strong Time loans strong; SO and 90 days and 6 months. S15.
 Call money steady; ruling rate, per cent; bank acceptances 61s per cent.
The Birmingham age-herald., 1920-08-03
Let It Come South
By Associated Press

Chicago, August 2--The whole sale price of beef declined through out the east average of 10 per cent to I5 per cent between June 26 and "A, the American Institute ot Meat Packers announced today. The decline in the cheaper cuts was greater than in the better grades, due, the statement says, to n heavy demand for choice meats.
The Birmingham age-herald., 1920-08-03
WHERE INDUSTRY FLouRlsHEs

or courSe Inc stImuIatlng eftect Of tne
 iron and steel industry is felt all over tho United States. But the industry is especially noticeable in the state of Penn sylvania and also in Alabama and Ten Eessee. Several years ago George w..
 Perkins visited Birmingham with some of his associates in the direction of the
 United States Steel Corporation AL
 though he thought that he was well in- formed about the industry which eenters at Birmingham. nevertheless he spoke
 with amazement of the growth of that industry there, and said that the Bir-
 mingham district must now be regarded
The Birmingham age-herald., 1920-08-03
Interior Movement

Houston: Middlng. Bee; receipts. 1.4S1: shipments, 2,52s; sales. S.5S9; stock. 1S9, ,250.
 Memphis: Mlddlng, S950c: receipts, 26S; shipments, 1.159; sales, 9: stock, 219,nL
 Augusta: Middling, 3S.75c; receipts. 142: shipments, 45S sales. 162; stock. 61,14S.
 St. Louis: Middling, 3s,50.
 Little Rock: Mddling, 39 5oc; receipts 99; shipments, H2; sales. PIP; stock. l656i.
 Total today; Receipts. 2,147; shipments 62a: stock 560 S2I
The Birmingham age-herald., 1920-08-03
Cotton Seed Oil pu hranniatrd Rress

New York, August 2.-Cotton goods were quiet in the dry goods market here today. There was light buying of bleached cottons Yarns were quiet and prices were very irregular. Dress goods agents considered plans to guar antee prices. Burlaps were steady Knit goods were inactive.
The Birmingham age-herald., 1920-08-03
Calls Their Hand
By Associated Press

Fort Worth. Tex, August 2. Flour prices fell st barrel today at local mills. Also bakers, who last Tuesday advanced the price of bread 2 cents a loaf. today recalled the increase. This latter action fol- lowed q warning of United States District Attorney Taylor that pros ecutioD would result if the advance was not recalled. (
The Birmingham age-herald., 1920-08-03
Daily Financial Gossip
By HOLLAND

New York, August 2.-CSpecial.) )-Wall street professed to be disappointed when the latest of the quarterly reports of the United States Steel Corporation was published. The disappointment was re- flected in low quotations for the com Inon stock. Nevertheless the report is ac- cepted by leaders in business as gratt- flying because it shows that while in some other industries falling off is ac- knowledged. and in one or two deficit. nevertheless the normal steel industry shows improvement. So it is said that if it be true today that steel furnished a reliable barometer of business condi- ticns then this latest report of the Steel Corporation justities encouragement rather than depression.
 A study of the iron and steel situation as that is reflected in the report of the Steel Corporation justifes the belief that the industry is to remain the largest, or a. least one of the largest. of American industries, and for that reason will stim- ulate other manufacturing industries Of all kinds.
 IT. fact, if iron and steel are taken as one product it will be found that the in- dustry is first among all the industries of the United States, Few people realize unless study has been given to the of flcia reports from Washington that our exports of iron and steel in the past year were in money value somewhat in excess of a billion dollars i've have. now the capacity for production of fifty million tons of steel ingots each year, and these figures justify the prediction made ten or twelve years ago by Charles Nj. Setwab. who also predicted that within a
  dpcing each year from forty-iive million to fifty million tons of pig iron Mir. Schwab was accused of welding 10 a too vivid imagination. but his prediction
The Birmingham age-herald., 1920-08-03
Hubbard Bros. & Go.

York Members New fork Cotton Exchange
 New Orleans Cotton Exchange. New York Produce Exchange. Associated Members Lis. erpool Cotton Assoc iation. Orders solicited for the purchase and sale of Cotton and Cotton Seed Oil for future delivery. Spee iai attention and EAeral terms given for con- sgnment of spct cotton tor delivery. Cor-
The Birmingham age-herald., 1920-08-03
New York BonAa
sy Associated Prssa


 C. \. 2s, registered .............l00s t. S. 2s, coupon .1O0a4 N--S. Is, registered ...........1O5 1 O. fS' coupon ...-...........+1O9 Panama 5s, registered .,..... v fanama Ss, coupon ......... 7f Amer Smeiting X Refining 5s 76ss American Tel X Tel. cv. 6s .. a3a4 Angio-French 5s ...,........... 99ts Atchlson gen. Is ..,........., Te Atlantic Coast Line 1st As .. 72A Baltimore X Ohio cv. 41ts ..... 50 Bethlehem Steel ref. IS ... 7SIs Central of Georgia con. 5s . 7T1, Central Leather 5s .. 90 Chesapeake Ohio cv. 5s ~ 76 Chicago, B. & Quincy joint 4s.... aSss chicago, Mil. & St. P. cv. 4Iss.. 65 Chicago, R. l. X Pac. ref. 4s. 6s City of Paris 6s . q91s Colorado & Southern ref. 41ss. 6T1I Denver X Rio Grande con. 4s. s3 Dominion of Canada 5s (19SD.. S6ls Erie gen. Is ............... 407, Illinois Central ref 4s, bid 7n16 Inter. Mer. Marine ss ., S4 kansas City Southern ref. 5s . sS75 ldggett X Myers 5s .... TT Louis. & Nash. un. 4s 77@ Mo. Kan. & Texas 1st 4s - 54 Missouri Pacific gen. As ~ 52% New York Central deb. 6s ... S7lt NorfoIk x Western cv. 1es . 97 ponn-..,. : aSiilc IS ........, 74% ,t,ss lNdhla gen. 5s ..-...,.. S2i& Pea,,tlis Peis gen, IS .........., 7S7s republic Iron & Steel 5s G940) SC St. Louis San Fran adj. 6s. @ Sea board Air Line adj. 5s .. g southern Bell Telephone 5s ..... SOsS southern Pacific cv. 5s>. 92is So,,tn Soutnern galway 9s ........,. SIS Southern Railway gen. 4s ...5Sh I e@as Pacific lst .......... TIES 1Inie Tnion F~aei1le ~ Is ............ SIS
 l, 15s d93D .....'......,.. Ssh 1 V. oc oteei 9s s.s..-.-......-. a1 E xa..Carolina Chemical 5s ... e2 n,a, apash lst ,-,....-........... S1Ss lisoh @ Co. cV 6s ....,...... S48s
The Birmingham age-herald., 1920-08-03
Naval Stores pv Associated press

Savannah, Ga. August 2.-Turpen- tine firm, 1.55%; sales 329, receipts S15 shipments 2,425; stock t1,S21.
 Resin firm; sales 549; receipts 1,739; {; shipments 5,942; stock 35,55s.
 Quote: E, ft.75M12.1o; D, E. F, G. H. l. k, NJ, N, Wg, 1S.6o@13.7o; Wv, 1860 Dl3.I5.
The Birmingham age-herald., 1920-08-03
Metal Market pM ArsnniaAad prexx

New York, August Cooper steady; eectrolytic, spot and third quarter, Sl95o.
 Iron steady; No r northern, $i9M50; No . northern, s4sn49; No. ? southern, &4a45. Tin steady spot, $4s.5o; August-Septem- Der, s4S 25. Lead, spot, sS.50. Zinc easy
 East st. Louis delivery, spot, S.627a@ : STE Holiday at London.
The Birmingham age-herald., 1920-08-03
Produce

Sweet Potatoes $3i5 oushel Peanuts-No. 1-12c lb. Cabbage s crate of about 100 pounds pounds.
 Irish Potatoes-Red No. 1-S6 per 100 Onions-kentucky, $3.50 per hundred Georgia Peaches S.60 crate. Georgia Cantaloupes- Standards, 500. Lemons-$5.5 20.
 Watermelons- -25c6GoOc Limes-Sl per 100
The Birmingham age-herald., 1920-08-03
Spot Cotton
By Associated Pres.

l New Orleans, August 2,Spot cotton jsteady quotations revised Midding. ? 1 points down Sales on the spot. ITS bales {; to arrive none; low middIing. 2I. 75c; mid
 ding. ;S Soc; good middling, f2, i5c re-
 ceipts l376; stock, 22o. "A
The Birmingham age-herald., 1920-08-03
POPE IS INTERESTED
 IN AMERICAN AFFAIRS
By Associated press

Rome. July 30 Pope Benedict received in private today Monsignor John E. Gum, bishop of Natchez. The pontlft took great interest, not only in Bishop Cinnn's report on the affairs of his die cese, but also in the general situation in America as the visitor presented it, es. pecally as to the prospects of the presi- dential campaign.
The Birmingham age-herald., 1920-08-03
Mexican Cotton

Washington. August 2.-This years cot
 ton crop in Mexico probably will reach between 175,oo0 and 234,Go0 bales, Trade Commissioner Cunningham estimated to- day in d report to the department Of commerce.