davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1920-06-08
Sugar Market nu Aesartafha Press

New York, June 1.-The local market for raw sugar was little easier for Cubas and Porto Ricos on sales Of 16,Voo bags of Cubas, afloat, 19c, cost ana freight. equal to 2o.06c for centrifugal and 5000 bags of Porto Ricos for June shipment at 200, cost and freight. There were also sales of 2,000 tons Of St. Crolx for June and July shipment at 70 cents cost and freight all to a local refiner' The demand was not particularly actiVe, with most refiners apparently supplied for the time being anyway, ana not ih- clined to buy more. The close was steady at 19c for Cubas, cost and freight, equal to 20. .06c for centrifugal.
 In refined there was an advance or half cent by one of the refiners to the basis of 22c for fine granulated, with prices now ranging from PC to 26lsc Otherwise there were no new develop ments The demand locally was not so urgent and reports that the department of justice was to curtail the consump- tion of sugar to manufacturers appar- ently had no effect in the market.
 Trading in sugar futures was light and after a slight declye early. due to liquidation, prices rallied on covering and buying by commission houses, with final quotations 1o to 90 points net higher.
The Birmingham age-herald., 1920-06-08
New York Futures
New Orleans Cotton
 Qv hsRorlafed preaA

New Orleans, June 7.-Better wealth CT conditions in the belt were respon- sible for selling movement in cotton today which started on the opening and was still in evidence toward the close when the trading months were 20 to 57 points under the final prices of last week. Last prices showed net losses for the session of to 49 points The irregularity was due to the rela- tive strength of July, owing to the re- sumption of straddling operations in which July was bought and October sold.
 On the first call July was 10 points up at 3S.70c, but other months were off and after the call all months were at a decline.
 July finally sold down to 38.40c There were several periods of recov- cry during the day; none of them were sustained or strong enough to put the new crop months to net advances. Whatever tendency to recover the mar ket had might be traced to the fact that while the weather over the belt was dry, temperatures were below normal.
 The weather map was clear and dry and the forecast called for fair, warm weather over practically the whole belt This forecast stimulated much of the late selling.
The Birmingham age-herald., 1920-06-08
East St. Louis Live Stock
 Rxs 2ol
Coffee Market
 By Associated Press

New York, June 1.-The market for cof- fee futures opened steady at unchanged prices to an advance of points, but after selling at 15.20c for July and 1491c for September, turned easier owing to less favorable late reports from Brazil Selling became quite active on the de- cline. which carried July off to l49O0c 14.65 for September and the close was at the lowest of the day, showing a net decline of 2S to 34 points. Special cables representing decline in Santos futures removed any anxiety that had been felt as result of the rains reported in Sac Paulo toward the close of last week. and there was also selling on the lower exchange rates. June. 14.75c; July. 14.s7c; September, 1.47c: October, 15.30c: Decem- Der, January March and May, 1447c
 Spot coffee dull and nominaliy un- changed at 15140l1515c for Rio Is and 23Nc to 24Nc for Santos As. A sale of new crop Bourbons Santos 4s and 5s was re- ported for prompt shipments at 25c, Lon don credits.
 A private cable was received from San tos stating that the United States sold stock of the Sac Paulo government amounting to 35o,000 bags. and estimating the 19a0-21 Santos crop at S,000,o00 bags. The official cables reported advance to 175 reis in Santos futures. Later a to 300 reis lower. The dollar buying rate was 90 reis higher. but Rio exchange on London was 5-16d lower and there were rumors late in the afternoon of a further decline. Rio cleared 33800 and Santos 6, 300 bags for New Orleans. Bra gillian port receipts, 24.0oo; Jundiahy re- ceipts, 1000.
The Birmingham age-herald., 1920-06-08
RECEIPTS OF CORN
 AT CHICAGO IS
 CAUSE OF DROP
Oath Were on See-Saw, While Pro- visions Were at a Decline of Fifteen to Thirty
 Cents
By Associated Prsu

< Chicago, June 7.-Reports that much corn was being diverted to Chicago from Omaha. Kansas City and St. Louis had a bearish influence today on the corn market here. Prices closed nervous, 13s0 7sc net lower, with July $1.711z@1.71ss and September sl.57as@1. .57ss Apparently, the supreme court dry decision did not af- feet the value of corn or any other grain except barley, which closed 4h@6c a bushel lower. Oats finished shade off to 11ac advance, and provisions at de- cline Of 15Q30c.
 Owing chiefly to the fact that receipts in Chicago today were little larger than has been the rule of late, the corn market showed something of a setback at the outset. Absence of selling pres sure, however. soon led to a material upturn. with gossip current meanwhile that the car supply had not been aug mented On the other hand, during the last half of the day attention focused principally on signs that heavy ship ments from Missouri river terminals had been arranged. It was also reported that Argentine corn was being purchased on a big scale at the United states sea board.
 Oats went to new top prices for the season. Receipts continued scanty.
 Packers selling of lard weakened all provisions
The Birmingham age-herald., 1920-06-08
IMPROVED WEATHER
 CAUSES SELLING OF
 THE FLEECy STAPLE
General Market Closed Barely Steady, at a Net
 Advance of Four to N Five Points
By Associated Press


 New York, June 7.-Improved weather erable selling of new crop months in the cotton market today. while July was sustained by Liverpool and domestic trade buying October broke to 35.62c in the late trading, and closed at 3567c, with the general market closing barely steady at a net advance of 4 to points on June and July. but 70 to 52 points net lower on the later deliveries. The market opened easy at an advance of 10 points on July, but IS to S3 points lower on other months owing to the better weather news. July sold off from 3S.7Oc to ss alc right after the call, or IA points net lower while later deliveries showed losses of about 40 points.
 There was buying of July against spin ners' calling on the decline. and after the first lot of selling orders had been execueted later months recovered about half their early losses on covering. Other wise there seemed to be very little de- mand and the market weakened again during the afternoon, with the selling a little more active later in the day, so far as the new crop months were con- cerned. December eased off to 34.59c, or 4e points net lower, and the close was at rearly the lowest levels of the day on the new crop positions. Private cables reported a relatively firm tone in Liver pool on continental and trade buying and a slight improvement in the tone of Manchester and English houses were buyers here during the morning. New orleans and local traders were credited with most of the selling later, and the decline uncovered stop orders. Trading was quiet during the greater part of the day, becoming more active on the late break, although local brokers said they found no change in the general news. Pert receipts today, S,0S1; United States port stocks, 1,025,3s3 Export, 4,o97, mak- ing 5,996,S5S so far this season.
The Birmingham age-herald., 1920-06-08
MARINE NEWS
By Associated Press


 Mobile, June 7.-Arrived: Steamers Ii. F. Dimock, Bocas Del Toro; Lake Fres- no, New Orleans; Lake Dessaw, New Orleans; West Henshaw, Naples; Sagua (British), Sagua La Grande. Cuba; City of Vernon. Pensacola; North American, Port Arthur; Tulsa, Port Arthur; schoon- CTS Susie B. Dantazler. Progreso; Rose Progreso, Conniscliffe, Havana.
 Sailed: Steamer Texaco, Port Arthur.
 New Orleans. June 7.-Cleared: Cadii- lac (British), London; Korsfjord (Nor- wegian), Progreso; Lake Alvada, Mobiles; Mexico (Mexican), Progreso.
 Port Eads, La., June 7.-Arrived: Ca loria, Tampa; H. M. Flagler, Port Lobos; Hadnot, Tampico; Kosciusko, Danztg; Lake Frair, Sagua Quimistan (Hon- duran), Port Cortez; Saramacca, Port Barrios; Tegucigalpa Honduran). Ceiba.
 Sailed: Baldhill. Tampico; Continental Bridge, West Hartlepool, via Norfolk Gansfjord (Norwegian), Bluefields, via Cape Gracias; Harry Farnum, Tampico; Yoro (Honduran), Ceiba; bark Gratia' Gulfport; schooner Bluefields, Havana.
The Birmingham age-herald., 1920-06-08
WALL STREET HAD EYES ON CHICAGO
 AND WASHINGTON
Supreme Court Decision on Prohibition and c. O. P. Convention Were the
 Absorbing Topics
By Associated Press ,

New York, June 7.-Attention of fi- nancial. as well as speculative, inter- ests today was divided more or less evenly between Chicago and Washing ton, with consequent neglect and un- certainty in the stock market.
 Advices from Chicago regarding the republican convention were so confus- ing as to leave Wall street in greater doubt than before, while traders evinced little inclination to buy or sell in view of impending decisions by the supreme court of the United States.
 As result stocks were tossed to and fro within moderate limits for the most part, although shippings and several of the less prominent special ties moved mainly to higher levels with favorite steels and equipments.
 It was not until the final hour that word came of the action of the su preme court upholding the eighteenth was the signal for a moderate selling movement which effaced most gains the market closing with heavy tone.
 United States Industrial Alcohol and United States Food Products which came more directly within the scope of the courts rulings, closed at losses of 2A points and ss of point. re- spectively, while representative indus trials and rails recorded net declines of fractions to BIZ points.
 Another factor in the late reversal was the sudden rise of call money to 10 per cent after having been loaned freely during the greater part of the session at 6 per cent. Further rigid tendencies in time money caused little surprise, because of the unsatisfactory credit conditions disclosed by the local federal reserve bank
 Anglo-French 5s were again the out standing features of an irregular bond market, selling at 99 5-16, new high for the current movement. Liberty Bonds and the general domestic list tended lower
 Total sales, par value s16775,0 900.
 Old United States 2s lost A per cent on calls
The Birmingham age-herald., 1920-06-08
THE PROBLEM OF THE FARMS


 Coincdent in point of time with somewhat distressing report that comes officially from Washington in which the prediction is made that the cotton harvest of this year is likely to be the smallest known in many years. come also other reports from the west which tell in tones of almost despair of tht shortage of farm labor.
 So it is said that unless this shortage be made good in some way and until the time comes when tractors and other implements will be able to offset the shortage in farm labor the situation so far as agricultural products is concerned may become acute. It will be somethins like a national calamity if this year the cotton crop should be harvested far be- law the average and the food crops be so small as to provide very little if any surplus for export.
 Some of the authorities point to pre- diction which was made some years ago by James J. Hill. He seemed to deplore the vast increase of manufacturing in dustry and the tempting wages and other favorable conditions which manufactur- ing industry made possible, because it would tend to draw from the farms to the cities many thousands who formerly helped the farmer till the soil and har- vest the crops. One Of the authorities has recently stated that unless some
 
 to the farms from the cities the danger is great of a drastic ilment of agri- cultural production.
 Some have thought that the amazing development if the automobile industry and the wages temptation which that industry has offered to those who form erly worked on farms partly explain the shortage of farm labor, If that be true then we are producing automobiles in amazing amount at the expense of our food production. If the automobile industry wages are high and the hours are short.
 From all parts of the country excepting that great section west of the Rocky mountains, the migration from the land to the industries has been in progress for some time In fact the situation is so serious that the council of national defense will consider the advisability of curtailing some of the non-essentia1 in- dustries in the hope that thereby labor may be secured for the farms Encouragement however, is to be dis covered in the recent immigration, for it now seems likely that many thousand peasants and workers will come from Europe to the United States this year. Almost all of the immigrants are well qualified for farm work.
The Birmingham age-herald., 1920-06-08
SEVENTEEN

Corn: No. ?. $195a195; No. 2 yellow, $1.95a1.96 Ii
 Oats-No. white. s1.165zd1175s; No. white. s114a1.151s.
 Rye-No. ?, s2.15@2.16
 Barley. $1.53@1.55; timothy seed, slo.o09 12.OO; clover seed s25.OO8S5.Oo.
 Pork, nominal lard, s2015; ribs, sl7.259 . 1925.
 St Louis, June 7.-Wheat: No. red winter, s2S3 No. red winter, $2.TS9 PSI
 Corn: No 2 white. S1.9SQ2.03; No. S1.595s.
 oats: No. white, sl.129114lA; July, 9615c; September, 79c.
The Birmingham age-herald., 1920-06-08
Liberty Bonds
Money Market

New York, June 7.-Mercantile pa- per, "A per cent. Exchange steady sterling 60-day bills. $s.S5A; commer- cial 60-day bills on banks, S3. 3.S5A; com mel cial 6o-day bills. s3.S4&: demand, S3.S9k; cables. s3.90A. Francs. demand. 7.G9, cables. ITO. Belgian francs, de- nisnd, 5.S9; cables. s. Builders. demand, SEA- cables, 36Ss. Lre( demand, 5.S9: cables.~5 90.s Marks, demNld. 2.51: ca- bIcs 252. New York exchange on Mon- treal, II 5-16 per cent discount. Gov ernment bonds irregular; railroad bonds easy.
 Time loans strong; 60 days. 90 days and six months. Sh per cent Call money strong; ruling rate. 6 per cent' bank acceptances 6H per cent Bar silver. 94Ac; Mexican dollars. 71Bc.
The Birmingham age-herald., 1920-06-08
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 lySeral terms given for con- signment of spot cotton for delivery. Corr
The Birmingham age-herald., 1920-06-08
Port Movement

New Orleans: Middling, 41c; receipts, 1,4S0; exports, 5SS; sales, 687; stock, 329,560.
 Galveston: MiddIing, Ale; receipts, 1,o30; sales, 461 stock, 193,547. Mobile: Middling, 41c; receipts, 1O2; stock, 4,2S2.
 Savannah: Middling. 42c; receipts, GIG; stock, 59,770.
 Charleston; Middling 40.50c; receipts, 4e6, stock, 244,974.
 Wilmington: Middling, 40c; receipts, r; stock, 45,022.
 Texas City: Receipts. 12s; stock, s4,- SIT.
 Norfolk: Middling, 4o.5oc; receipts, 50: sales, 250; stock, 52.524.
 Baltimore: Stock, 5,112.
 Boston: Middling, 40c; receipts, 15O; exports. 1000; stock, 3100.
 Philadelphia: Middling, 40.25c; re- ceipts, 1S2; stock. 4,735.
 New York: Middlng, 40c; receipts, l.S76; exports. 223; stock, 3,7S8. Total today: Receipts. 5.795; exports, 1,s11; stock, 1,023,716.
 Total for week: Receipts. 11.505; ex- ports, 3,712.
 Total for season: Receipts, 6,997,O13; exports. 6.014,734.
 Interior Movement
 Houston. M1ddHng, AUG, receipts 1921; shipments 2.571; sales. 97o; stock, 25i.921.
 Memphis: Middling, 41c; receipts. 2,595; sales, 300; stock, 314,454. Augusta: Middling. 43.25c: receipts, S62; shipments. 1.s04; sales, 596; stock, Sf,70S.
 St. Louis: Middling. 41c; receipts. 1.54O; shipments, 1,25o; stock. 15.977. Little Rock: Middlfng. 40.60c: re- oeipts. ?; shipments. 4: sales. 4; stock, 27,651.
 Total today: Receipts, 6,025; ship ments, S,012; stock, 714,071.
 Dry Goods
 By Associated Prsss New York, June 7.-Cotton goods to- day were steady and quiet. Yarns were easier, with more inquiry reported. Raw silk was lower. with trading dull. Wool goods quiet and easy. Burlaps quiet, with prices steadier
 Cotton Seed Oil
 By Associated Prsu New York, June 7.-Cotton seed oil was weak under general liquidation and pressure from local bears. prompted by lower crude and lack of spot demand. The heaviness in lard and grains also was factor. Active months closed 35 to 40 points net lower.
 Sales. ,000 barrels. Prime crude, 15c nominal; prime summer yellow. spot, ASc: July. A2.osc; September. 1s.22c.
The Birmingham age-herald., 1920-06-08
Liverpool Cotton Ru kasnniafed RrnsA

Liverpool, June 7.-Cotton, spot quiet' prices steady. Good middling, so.2Sd; fully middling. 2913d: middling, 27.SSd; low mid ding, 245Sd; good ordinary, 21&d; ordi- nary, 2OSSd. Sales 4OO0 bales. including S,9o0 American. Receipts. 100 bales, all American. Futures closed steady, June' 25 5Sld July, 25.4Sd October, 24.13d; Decem- Der, 2S l9d; January. 22.s9d; March, 2'rdd; May, 2165d.
The Birmingham age-herald., 1920-06-08

earners are now out of employment chiefly because the railroad congestion and the lack of fuel have compelled the closing down of the manufacturing plants.
 What is true of Detroit is true in New England or at least in some parts of New England The shoe manufacturing industry has been so severely embar- rassed that it is estimated that from three thousand to five thousand workers in the shoe factories are now out of employment. These employers have not struck. They are idle because the fac tories cannot make use of them.
 Unless there be improvement some or the cotton goods mills will be compelled to silence their spindles in a short time although that is partly due to the fact that the employees are not efficient and furthermore, do not care to work full time for six days week. In Conneeti- cut some plants are operating only on three days time week thereby throwing many employees out of work for half of the time. At present there appears not to be much distress among the employees as their wages have been so high that they have been able in spite of some eX- travagances of expenditure to lay by
The Birmingham age-herald., 1920-06-08

higher some gaining more with bulk at $9611. .25.
 Gamers, bulls and calves little changed i'uih NedicIS .9l5.VuVIl4.VU Stockers and feeders 15@25c higher.
 Hogs: Receipts, 5000; opened fully 25c higher, closing weak 15c lower than early Top ..........,.............. 1470 Bulk light and light butchers IA. 40d14.65 Bulk 250 pounds and over ....... 13 750I1400 Pigs mostly steady with bulk . 10 O06ll1 00
 Sheep: Receipts, 12,O0O; quality poor in between grades strong to higher.
 Best shorn lambs ...........S l5.U1 Bulk 12 O0a14. 50 Top native spring lambs ...... 16.O0 Bulk ............................ 12 500I15 5 30 Choice ewes ...................... 1900 800 Feeder lambs mostly ........ 1O.75Q12. .65
The Birmingham age-herald., 1920-06-08
Naval Stores Qv Aasociafed Presa

Savannah June 7.-Turpentine steady $1.67; sales, so; receipts, bs5 shipments, 599; stocks, 2,126. Rosin firm; sales, 713; receipts, 2,351; ship ments, S49; stock, 16,020. Quote: B. s1235@1255; D, $1e.30@1635; E. $1655 116.6O F, s16.55 @16.6O; G, $16.55@ 1860; H. s16.55@1s.6o; K. $16.55 @16.60; M s1T.@1705; N, SIPS; VIC. $17.50; wv, $1775.
 Jacksonville. Fla. June 7.-Turpentine steady, s165@1. .671a; sales, 431; receipts 670; no shipments; stock. BATS.
 Rosin: Firm; sales. 322; receipts, 1.9SS; shipments, 1,33S; stock, 3S976.
 Quote: B, s12.15; D, s16,35; F. F, c, H, I, K, $1s.6o M, $170o; N, SIPS; we, sl7.50; wv, $17.75.
The Birmingham age-herald., 1920-06-08
Daily Wall Street Gossip
BY HOLLAND.

New York; June 7.-(Special.)-For the farmers and also for those who are oc- cupied in transporting commodities by motor trucks the announcement that J.. P. Morgan & Co. have secured large interest in an influential motor corpora tion is of especial importance because 1t indicates that abundan capital is now giving much thought to the development of tractors and motor trucks. No doubt the conventional automobile industry Will be benefited by this infusion of new capi- tai, although it needs no fresh capital. But it is understood that the corporation purposes pushing the farm tractor and the motor development to its greatest ca pacity. Many believe that the, serious shortage of farm labor which may be continued for some years is ultimately to be overcome in great measure by the utilization of farm tractors and the cul- tivation and harvsting apparatus. If the farm trSctor should come into universal use then there will be recollection of the time when immediately after the close of the Civil war, there being then a shortage of. agriculture labor, it was made good through the utilization of machines Tor cutting, thrashing and harvesting grain.
 Some of the very large farms in the northwest would even now be inevitably curtailed in their productive capacity were it not for the utilization of the farm tractor. Now that capital, which is ahun- dant Is investing in one of the corpora tions which is to undertake vastly to increase the number of farm tractors and to encourage the sale of them it is not capable that within few years many or the farms of the west and of the south will have shifted from hand labor for the most part to the use of tractors supple menting the other farming machinery which has been in such successful opera tion for years.
 DAY OF THE MOTOR TRUCKS
 Fully as important as is the increased use of farm tractors is to be the further development of the motor truck. The new capital which J. P. Morgan and oth- CTS are to furnish will make possible the building of very many motor trucks, some of them of large capacity and all of them to be available in the movement or com modities which heretofore were trans ported by rail or by water.
 An estimate has been made of the num- Der of motor trucks which were called into use immediately after the outlaw strike and other factors and created the dangerous railroad congestion. Accord ing to this estimate at least 5000 motor trucks carried commodities from west ern manufactpries to points the east and also to some extent in the south.
 There was a reverse movement for m the aggregate thousands of motor trucks transported from the eastern manufac- turers to manufacturing centers in Ohio and in Michigan chiefly, textile fabrics manufactured in the east almost all or which are vital in the making of tires fol. the autos.
 Within five years probably motor truck transportation of commodities will be found to have supplemented in great measure railroad transportation of com modities although of course the motor truck cannot compete with the railroads ir the transportation of fast or perish able freight.
 HIGH WAGES AND
The Birmingham age-herald., 1920-06-08
New Orleans Futures
 BV Asxoniated prass
Spot Cotton

New York, June 7.-Spot cotton quiet; middling, 40c.
 New Orleans, June 7.-Spot cotton steady and unchanged. Sales on the spot, 6s7, bales; to arrive, none. Low niddling, 32c; middling, 41c; good mid ding, 45c. Receipts, 1,4S0; stock, 329,- 560.
The Birmingham age-herald., 1920-06-08
HIGH WAGES AND SHORTAGE

Although no tendency has as yet been observed towards the reduction from the high average of wages paid to labor yet almost par odoxically as 1t seems, a great deal of labor is now out of em. ployment. This is in part explained by the railroad congestion and the short- age of coal. For lack of fuel many in- dustries have been obliged to stop Re- port comes from New York that in De- troit alone not less than 30,00O wage
The Birmingham age-herald., 1920-06-08
Chicago Futures
Cash Grain

By Associated Press Chicago, June Cash wheat. No l northern spring. $2,95@30o No. north ern spring. $3,10; No. 1 mixed, $2.90.
The Birmingham age-herald., 1920-06-08
Rice Market

By Assoeiaten Press New Orleans, June 7.-Rough rice, no sales; receipts, 1,570 sacks; millers' receipts, same. Clean rice, steady; sales, Blue Rose, 4,6S5 pockets, 55s o 11,7Sc