davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1920-06-03
Louisville Live Stock
 By Associated Press
Sugar Market

New York, June 2.-The local market for raw sugar continues quiet and prices are nominally unchanged at 1912 cents for Cubas cost and freight, equal to 2057 for centrifugal The arrivals of raw su- gar during the past few days have been quite heavy and seemed to have taken care of the demands of refiners for the present at least, and they were out of the market, while the demand from oper- ators was not very active and bids of l9s4c for Cubas cost and freight which were hard in the market yesterday, failed to make their appearance today. Nevertheless, offerings were not being pressed and holders were inclined to wait developments.
 The market for refined was unchanged at 211a to 261ac for fine granulated. It was said that in the west increased al locations were being made by some of the western refiners, although locally the demand was still in excess of the supply. Recently a large refiner was said to have made some allotments for July and August shipments at 2212 for fine granu- lated, with all refiners said to be pretty well sold ahead.
 In futures there was another advance sitions or the full maximum gain per- mitted in any one days session. The ad- vance was due to covering and buying by trade interests as the recent sharp decline was said to have been too rapid and carried the market below a parity with raws.
The Birmingham age-herald., 1920-06-03
ISCANTY RECEIPTS
 |OF CORN SEND THE STAPLE UP IN CHICAGO
Oats, in Full Sympathy, Also Shot Upward, While Provisions Varied
 Up and Down
By Associated Press

Chicago. June 2-Material fresh up- turns in the price of corn resulted to- day from continued failure of railroad efforts to enlarge receipts here. The close was unsettled. but cents to PA cents net higher, with July $1.75@ |1.75A and September $1.61 A @161 F.. Oats gained 11a cents to I 7s cents. In provisions the outcome ranged from 20 cents decline to rise of 12 cents
 Announcement that only ninetyfive cars of corn had arrived in Chicago persistent buying on part of the big commission houses. The advance which prices quickly showed was soon given further impetus through reports that the 1920 grain session was uniformly ten to twenty days late in all the states that as rule have a surplus yield. Besides, in some important sec tions where planting of> corn still re. mained to be done excessive moisture was threatening additional delay Word of liberal new export business in wheat tended subsequently, to pre- vent any notable reaction in the corn market, although profit taking sales reached considerable volume at times.
 Oats, like corn, appeared to be chief ly influenced by the lack of a free movement of supplies to distributing centers.
 Provisions were somewhat depressed by Knowledge that the stock of lard here is the second heaviest ever known.
The Birmingham age-herald., 1920-06-03

oil company drill we'll in her front yard and within about sixty days time the oil was flowing out stream as big as your leg and within four months she is sad to have had S125,000 in the bank with an In- come of about, s25O day, and living in a $10,0o0 home.
 Mid Texas has in this district 31 acres. three gushers with initial flow at rate of about 3,750 barrels daily. And has two oth- CTS drilling and a contract let for two more. Also has nine more wells in various stages of drilling. Also has II small oil wells ini tial flow of each being at the rate of about 30 barrels daily.
 The Burk- Waggoner we'll but a few hun dred yards from the above Mid-Texas prop- erty, has paid every investor S3,33333 for every $100 invested. and did it in but a few months time.
 One man who wired 1000 from North Da kota for stock in this company received in return S166,00066 on his investment and made it in less than six months.
 'Mid-Texas Petroleum Corporation owns more than 5000 barrels of storage and has three pipe line connections and is able to market it's oil from day to day The pres- ent market price is s3.75 per barrel and all indications are that the price will be $500 barrel before this year expires.
 Hundreds of others were just as fortun- ate in proportion to the money invested
The Birmingham age-herald., 1920-06-03
FIGURES IN FIFTY YEARS SEND
 COTTON SEWARD
But Heavy Realizing Soon Took the Pep Out of the Market and Close Was
 Barely Steady
By Associated Press

New York, June 2.-rhe first govern ment report on cotton crop conditions of the season was published at noon today
 Private reports published during the past ten or twelve days had prepared the trade for a condition below the ten year average, but the official figures were unexpectedly low, being only 62.4 per cent of normal or below any of the private estimates
 This condition compared with 756 last year and ten year average of 7S.7, and was the lowest end May report on rec ord while the supplemental report is- sued by the bureau emphasized the un- favorable outlook. October contracts sold up to 35.90, on the report, or S3 points above the closing price of last Friday. but this advance attracted heavy realizing which sent the price back to 8 45 and the market closed barely steady at the lowest point of the day. showing net advances of to 45 points on ali months except August, which was ten points net lower.
 Uncertainty regarding the status of the contract was nut relieved by the Presi- dents signature to the corrected agrlcui- tura appropriation bill @3 time for the market to open before the government report was issued. As a result Liver pool was the only future market open when the report was issued, and the sur prise of the figures had probably worn off to some extent befors the opening of the market here at o'clock. There was a rush of buying orders at the start and first prices here were 6l to 7S points net higher with July selling at 3S 50 and December at 3fS7
 Long contracts carried over the hou days came out on this advance while Il ere was also selling by spot houses ana brokers with Japanese connections. JuiN eased off to $500 and December to 34.4o' or about 42 to 50 points from the open ing level The weekly report of the weather bureau, which appeared at the same time as the condition figures was also bullsh but profit taking was pro noted by the talk of the unsettled trade situation. Port receipts today 12C95. United States ports stocks 1,031, ,939 Ex- ports 7,174. Exports for the season B. 964, ,774.
The Birmingham age-herald., 1920-06-03

early spring. Is it possible now that
 | change has taken place in the se curlties market and that the ebb has been reached and the flood begun thereby indicating that the securities
 market for which the colloquial name IS Wall street" is now beginning to discount the end of business uncer- talnty and a return to more cheerful conditions.
 Comparisons have recently been made between the address which was delivered by Henry P. Davison at Des Moines a few days ago and a state ment made by Samuel M. Vanclain, who is president of the Baldwin loco- motive works. Each has had recent experience in Europe. Neither has been accustomed to making unguard- ed statements. MT. DaYison, in all sincerity and earnestness, declared that the situation in central Europe is appalling. Suffering is widespread and immediate relief is necessary un- less there be d tragedy only paralleled by some of the historic famines or plaques. He therefore urged that ap peal be male to Congress to appropri- ate considerable sum of money for the relief of these nations.
 Mir Vanclain, who has just returned from central Europe, has spoken with encoura cement of conditions in cen tral and southeastern Europe, which contain the identical nations referred to by Mr. Davison. Mir. Vanclain be- lieves that aid should be immediately furnished. not aid in the form of dol lars. but instead that which is repre- sented by raw material and the various accessories by which industry can be resumed. In his opinion, all that these nations need is opportunity to work and the great masses of people yearn for such opportunity Mir. Davisoh was really speaking of physical dis tress. of the suffering entailed by ill., ness and the rapid spread of dangerous disease and the lack of food. Mir. Van clain spoke from the point of view ol the leading citizens of central and southwestern Europe, who say that all that is needed Is raw material and sucE implements or manufactured commodl- ties as will restore industry, transpor- tation and quicken public utilities. Therefore. while the need of assistance is acknowledged and there is no de- nial that MT. Davison's report of physical suffering and the disease is accurate Yet. on the other hand, MT. Vanclain is satisfied that central and southeastern Europe do not want dol lars because they do not want char ity, but if we can send them upon credit the material which is essential in the upbuilding of their industries they will be grateful, and if they can get to work they will speedily, of themselves and by themselves, over come physical prostration and be in position to aid the Red Cross, in whose namc Mir Davison made his appeal Tn it's world wide campaign against dis ease.
The Birmingham age-herald., 1920-06-03
STOCK MARKET HAS DAY OF VERY LIGHT
 FINANCIAL DEALS
All Price Tendencies Were Mainly Downward Again, Although Losses Were
 Partially Retrieved
BN Associated Presi

New York, June 2.-The stock mar ket was in a state of suspended ami nation during the greater part of to- days desultory dealings, transactions for the full session scarcely totaling 450,000 shares.
 Price tendencies were mainly down ward again, although losses, except among selected issues, were partly re- trieved when the money market de- yeloped unexpected ease and the shorts found it eXpedient to cover.
 Call money opened at per cent. reflection of yesterdays sharp rise, but relaxed to per cent in the last hour on a surplus of offerings, to which out-of-town banks made sub stantlal contributions A steadier tone prevailed in foreign exchange, espe- cially the London quotation which rose about cents to the pound over yesterdays final price on heavy pur- chases of demand bills. The Paris rate also recorded material improvement tut marks reacted.
 Advices dealing with industrial con- dltlons were conflicting, the equipment companies reporting moderate buying while additional curtailment of opera tlons was indicated in the wooden, cot ton and leather industries. Larger deliveries of finished steel and iron products reflect further relief in the freight situation.
 Aside from the relative firmness of low-prlced rails and pressure against investment issues of that group, stocks showed no alteration from their re- cent hesitant tone. The moderate ral- ly in the final trading made greater headway in speculative issues than among standard shares, where net de- clines ruled.
 Dullness in stocks extended to the bond market, with Liberty Bonds ex- peri9nring further depreciation, in some instances yielding l per cent. Speculative or convertible railroad bonds were firm and foreign issues were featured by the strength of Anglo French 5s. Total sales par value, aggregated SIP, 2,450,0 900.
 Old United States bonds were un- changed on call.
The Birmingham age-herald., 1920-06-03
Coffee Market By Associated Press

coffee futures showed a steader tone during today's earlier trading, owing to the advance in sterling exchange on London and covering after yesterdays decline. The opening was unchanged
 to l point lower, but prices soon ral-
 lied with July selling up to 14.95c and September to 14.67c, or about to 10 points net higher on the active posi-
 tions. There was no general demand. however. and the advances were lost later on private reports of lower Ric 'eAchahge rates, with September selling of; to 14.15c. or about l2 points from, the best. The market closed net point lower to points higher. June. 14.75c; Jaly. 1485c; September. l4.56c; October,
The Birmingham age-herald., 1920-06-03
Liberty Bonds By Associated Press
Money Market


 New York, June 2-Mercantile paper, 7h per cent; exchange irregular sterling Go-day bills, 3.90s; commercial 60-day bills on banks, 3901s; commercial 60-day bills, 3.S95s; demand, 3.941@; cables, 3.95A. Francs, demand, 12.67; cables, F .65 Bel gian francs, demand 12.27; cables, F 25. Builders, demand, 365s; cables, 36a4 Lire, demand, 16.5S; cables, 165 56. Marks, de- mand, 2.39 cables, 2.40; New York ex- change on Montreal Ills per cent dis count. Government bonds heavy; rail- road bonds irregular.
 Time loans strong; 60 days, 90 days and months, S1a per cent Call money strong: ruling rate, 8 per cent; bank acceptances, 6B per cent.
The Birmingham age-herald., 1920-06-03
n(i<o,,A 0ll.ol4

GA series of letters being written by man who is thoroughly familiar with oil fields, thoroughly familiar with oil invest ments and who knows the technical side of the oil business.
 He is acquainted with over eleven hun dred oil companies operating in the Texas fields.
 After this series of letters, general in- quiries will be answered through these columns for the benefit of the public. )- Editor
The Birmingham age-herald., 1920-06-03
Port Movement


 New Orleans: Middling, 40.50c; re- ceipts. 1909; exports, 1.254; sales, 152: stock, 323,443. Galveston: Middling. Ale; receipts, 1,s69; sales, 419; stock. 19S.227. Mobile: Middling, 4oc; receipts, 6O; stock. 4.161.
 Savannah: Middling. 42c; receipts. e09; sales. 2S; stock, 64,193. Charleston: Middling, 40.50c; re- ceipts, 35; stock, 245.371.
 Wilmington: Middling 40c; receipts, 8: stock, 44.976.
 Texas City: Stock. 34.267. Norfolk: Middling, 40.50c; receipts, C10; sales, S26; stock. 56.7S3. Baltimore: Stock. 4,912
 Boston: Middling. 40c; stock. 3,100. Philadelphia; Middling, 4o.25c; re- celpts. POS; stock. 5.479.
 New York: Middling, 40c; receipts. 360 stock. 41.653.
 Minor ports: Receipts. 4.ss4; exports. G.a20; stock, 3,S11.
 Total today: Receipts. 11.062; ex- ports, 7,174; stock, 1,030,376 Total for week: Receipts. 2S,661; ex- rorts, 51629.
 Total for season: Receipts. S.961. 2sS; exports. 5.9S3.S95.
The Birmingham age-herald., 1920-06-03
Hubbard Bros. & Go.

York. Members New York Cotton Exchange, New Orleans Cotton Exchange. New York Produce Exchange. Associated Members Lis. erpool Cotton Association. Orders solicited for the purchase and sale of Cotton and Cotton Seed Oil for future delivery. Special attention and liberal terms given for con- signment of spot cotton for delivery. Cor
The Birmingham age-herald., 1920-06-03
BURKBURNETT. TEXAS.

The discovery well at Burkburnett was brought in July 18th, 1918.
 It was found in the edge of the townsite.
 People went wild. Scores removed the front porch, the back porch or a room from their homes in order to make room for the derrick in the yard.
 There are about 1,500 wells in the Burk- burnett district.
 A widow who washed for living let an
The Birmingham age-herald., 1920-06-03

By Associated Press
 New York. June 2.-Cotton goods to- day were quiet, with gray goods prices steadier. Yarns were steadier, trade being light. Nearly half the wool or dered has been cancelled in some spin ming mills. Owing to the decline in wool and raw silk lower prices al spring season of 1921 are now expected by primary merchants. Finishers of cotton goods are running about 90 per cent of capacity Bleaching costs have been advanced as of June 1.
The Birmingham age-herald., 1920-06-03

14.55c; December, January. March and May, 14.54c. Suot coffee dull; Rio 7s 15A @151bc; Santos As, 23A @24Ac. Very few fresh offers were reported from Brazil. Santos 3s and 5s were said to be offered here at 26A C for July to September shipments, London cred it's. described as genuine bourbons.
 The official cable reported an un- changed market at Rio, but an advance of 5-32d in the rate of Rio exchange or London. The dollar buying rate was unchanged, but Santos futures 90 to Is reis lower. Brazilian port receipts, ll,- oO0 Jundiahy receipts, 5000. The weather in Sac Paulo was fine, With temperatures ranging from AS to S4 de- grees
The Birmingham age-herald., 1920-06-03
Liverpool Cotton

Liverpool. June 2.-Spot cotton in slight ly improved demand prices steady; goou middling., 29 rod; fully middling, 2S 4od : uliddling, 2 2Od; low middling, 2S 9Od : good ordinary, 70d; ordinary, ls.iod. Sales, 4.Ooo bales. including $500 Amer ican Receipts, 12.0o0 bales, nciudins ro.- ooo American. Futures closed very steady. June, 25, ,49d July, A sod; October 93. .s6d; December, 24d: January, 22.fod' March. 9 12d; May, 2l.6ld.
The Birmingham age-herald., 1920-06-03
Naval Stores Rv Associated Press

Savannah June 2-Turpentine flrm' s1.6S; sales, 164; receipts 1l0; snip ments. none; stock, ITS. Rosin firm safes, 91s; receipts, SIS; shipments none stock, 13,s16. Quote: B, $12.25; D, si6.25; E, s16.5O; F, s16.5o; G, $1e.o0' H. s16.5O; I, s16.5o; K, s16.5o; N' VIC N 17.25; VIC, s1750; wv, $17.75.
 By Associated Press
 Iac,ssonyille. Fla, June 2.-Turpentine firm CSC, sales 235. receipts POS, ship ments 40, stock 2.99t. Resin firm. sales oil. receipts 9ss, shipments 2, stock 4o,- O97 Quote: B. 1215d13: D, 16150l6.49 E 1s. 4Odl65O. FG, 1640@1660; H, lS.-oa 1865; |. K. 164o; NJ, 16,9aql7: N. 1llo; VIC, 17.40; wv. 17.65.
The Birmingham age-herald., 1920-06-03
MARINE NEWS
By Associafed Press


 New Orleans, June 2.--Cleared Dorothea, Frontera; Lake Girth, Car denas. via Matanzas, Caibarienj and Cialveston; Mombassa (British). Glas- gow, via Norfolk, Nika, Mobile; Roche- lie British), Port Banes, Cuba; Su- crosa, Matanzas.
 Port Eads. June 2.-Arrived Bald hill, Tampico; Cadillac (British), United Kingdom; Cartago Bocas Del Toro; Columbia, Port Barrios; George E. Pad dleford, Tampico; Metapan, Bocas Del Toro; Steel Age, Savannah; Yoro (Hon- duran), Ceiba.
 Sailed: Ceiba (Honduran), Ceiba; Comanche (British). Monmouth, Eng land; Copan (Honduran), Omoa, via Pert Cortez; El Valle. New York; Lake Fcrkville, Sague La Grande, via Ha- vana and Cardenas; Lake Marion, Mo- bile; Nelson, Cienfuegos; Zuiderdijk Dutch), Rotterdam. via Newport News Mobile, June 2.-Arrived: Lake Ma rion (American), New Orleans; Maple (american), Puerto Barrios Guate- mala.
The Birmingham age-herald., 1920-06-03
Interior Movement

Houston: Middling, 40c; receipts. ss5 shipments. 1,09S; sales, 1s9; stock, s54,SS1.
 Memphis; Middling. 40.50c; receipts. i,4S4 shipments, 1897; sales $50; stock. 312,962.
 Augusta: Middling. 42.75c; receipts. 7S0; shipments, sS; sales, 1855; stock. S9,661.
 Little Rock Middling, 40.50c; re- ceipts, IT; shipments, 11s; sales, 11s; stock, 2S,194.
The Birmingham age-herald., 1920-06-03
London Money

by WsSUCTdttu FTbs5 London. June Bar silver Sid per ounce. Money per cent. Discount rates
 short bills 65s per cent Three months | bills 11-16d% per cent.
The Birmingham age-herald., 1920-06-03
Metal Market

New York, June 2.-Copper quiet; cleo trolytic spot and June-July, 19@19c. Iron steady: prices unchanged. Anthony, S9. Tin steady; spot, 52.50 July, s52 Metal exchange quotes lead quiet; spot offered at sS 50. Tin steady; East St Lotus de- livery, spot, $7.45 bid; S.75 asked.
 At London: Spot copper, f9o 2s od, lu- lures, eeS 2s Cd; electrolytic, spot, Aloo' futures, G1l0 Tin, spot, G274; futures, c23O 15s. Lead, spot. GS futures I'' 5s. Zinc. spot, e43 los; futures, s4S l5s.
The Birmingham age-herald., 1920-06-03
Cotton Seed Oil

New York. Jule 2.-~ottonseed oil ad- vanced some D to 40 points on short covering. inspired by the hallish govern ment report on cotton and the upturn in lard. but a setback took place near the close under realizing sales. Leading months closed to 15 points net higher Sales 16.S00 barrels. Prime crude 1900 asked. prime summer yellow spot 1880, July 1895. September 19-02, December l1.90. prime winter yelinw and summer white nominal
The Birmingham age-herald., 1920-06-03
New Orleans Futures

New Orleans. June 2.-The cotton market closed barely steady at net ad- vances of 3S to 57 points.
The Birmingham age-herald., 1920-06-03
Chicago Futures nu AescatoAaA Orasa
Produce Market By Associated Pross

New York, June 2.-Butter unchanged. creamery firsts 52d55.
 Eggs firm firsts 441aG46.
 Cheese easier. average run 261sGSo. Live poultry in active demand. easier: freight broilers unquoted; fowls, iced 34GB5.
The Birmingham age-herald., 1920-06-03
Spot Cotton

New Orleans, June 2-Spot cotton quiet. 50 points higher. Sales on the spot, y2 bales: to arrive 60. Low middling, 31. .59c: {: middling, 40.50c; good middling A Soc Receipts, 1859; stock 323, AS
 New York, June 2-spot cotton quiet; middling, 40c.
The Birmingham age-herald., 1920-06-03
Dry Goods

Total today: Receipts, 4.372 ship ments, 5,316: stock, 720,709.
The Birmingham age-herald., 1920-06-03
Daily Wall Street Gossip
BY HOLLAND.

New York, June -(speciaD. At one time when James sullman was president Of the National City Bank he called attention to a peculiar and, as he thought, an unnecessary move- ment of sold. For upon an ocean steamship which had sailed from f1ng4and, with New York as it's des- tinatlon, there was consignment of god and upon another steamship which had salIed from New York was d consignment of gold intended for London. These two steamships crossed each other n mId-ocean anu it seemed to MT. Sti4man as though there could have beeh worked ouc some plan whereby instead of shipping the gold the American consignment and the Engnsh consignment could have off set one ano Lher. in each case how ever, the cUnsI5 nment was for special service and compelled the receipt Of actual gold
 one treasury department at Wash lhgson long ago perfected plan whereby il was unnecessary to snip gold across the comment in either di- rectlon. All that was needed was a telegraphlc transfer and then accurate bookkeeping.
 Announcement was made a day or two ago that there had unexpectedly oiIiNeu upon the PaClflc coast con- signment of gold, the aggregate of which was twenty-two millions of dol lars. It came from Hong Kong and curiously enough this country has been at this time shipping gold or specie to the far east and also to Argentina Therefore 1t may have been that ship ments of gold from the far east to the united States and the export of gold or specie from this country to the faI east or Argentina were in progress at the same time.
 However, this incoming gold from Hong Kong undoubtedly represents the purpose of Great Britain to have gold in plenty in the United States SC that in october next when the $500,- 100000 loan becomes due, it can be paid either in full in gold or partly in gold and partly in credits which Great Britain has secured here not in the form of loans, but by the sale of se- pi1r
The Birmingham age-herald., 1920-06-03
Cno+ Coffao

By Associated Press New York, June 2.-Spot coffee, Rlo NO. ', 15asc.
The Birmingham age-herald., 1920-06-03
Potato Market

Chicago, June 2-Potatoes steady; re- ceipts, IS cars; new, firm. Florida bar rels Spaulding Rose, No. l. $l4. a5Ql0. 70; Irish Cobblers. si5Ql5. 50; Louisiana Bliss Triumphs, sacked. ss.75Gs.75; Burbanks. SQ7.5O.
The Birmingham age-herald., 1920-06-03
DISCOUNTING THE FUTURE

Something like a coincidence in point of time is reflected in the report that gold had arrived at San Francisco and Seattle and was sold to the Federal Reserve Bank and the tendency ob- served few days ago toward depre
 citation in the market value of securi- ties. The arrival of the gold seemed to stimulate this tendency. The won- der is whether the deflation, which has sometimes been called "Deflat tion a la 1920" which began in November, 1919, in the securities market, has not been completed so far as securities are concerned That market did discount the future beginning, in November and continuing through 'the winter and
The Birmingham age-herald., 1920-06-03
Cash Crs'u

CaSh tvrSS0
 3v Associa.-S Prsss
 Chicago, June 2.--Wheat. No. red sa.a0 No hard, s2.Ss. Corn. No 2 nixed. s1.42 @ .a2; No. ? yellow. s1.94@ 1.96. Oats. No. white. s1.1nT1.12: No. No 3 white, s1.o7@11n1a. Rye. No. 2, s1.76: barley s1.5O61eS. Timothy seed s1o@12; clover seed. s25 @ B. Pork nom inal; lard, s20.s2 ribs. $17.50@1S.5O. St. Louis. June 2.-Wheat. No red, winter. s2.95M29S No red winter. s2.94 4@ 295. Corn, No. ? white s2.oom ? or: July. s1.777s; September s1,S3H m 1.6sb. Oats. No. white. $1.10h Co 1'9s No. white s1121s @113: July 9skc: Septe->No- HH"'