davidaulloa/AmericanStories huggingface dataset:
The independent-reporter. [volume] (Skowhegan, Me.) 1909-1955, 1920-08-19

When Better Automobiles Are Built,
Buick Will Build Them -.
This big passenger Buick Model K49
! is the ideal family car of the Buick series. Its
large roomy tonneau and luxurious seats are filled
with comfort
Its finish and design combine both beauty and
refinement readily attracting the attention of those
VINO take pride in ownership.
The Buick Valve-in-He motor furnishes surplus
power assuring the usual Buick economical service
and endurance.
These qualities of construction have increased this
cars popularity to such degree that purchasers
who delay in placing their orders experience diff
Guilty in securing desired delivery. s a.
.-~~.u. osc-~vtN;4sz-gs ~ 4NS
The Birmingham age-herald., 1920-09-19
New York Futures
New Orleans Cotton
By Asse siated Prnss H. (

New Orleans, September 1S-Consider- abieNseliing pressure was felt by the cot ton market today, because of the reported ending of the English coal miners strike conference in an unfayorable way, and the clear and dry weather over the belt. but on the opening there were advances, and again on the close of the market had an upward swing to it, so that final quotations were points up to points down net for the session. StraNQgeiy enough the strength on the close was due to rumors, received here via cables to Gal weston that the English coal strike had been settled While these rumors were entirely contrary to earlier reports they had marked effect on values
 The opening advance carried the mar ket 10 to ls points over the close 6f yes terday, but it was soon wiped out in a rather general selling movement, which
 increased when the weather map was drawn and became strongest followi ing the posting of the forecast eating for fair weather in all portions of the cotton region. At the lowest levels prices were si to 2 points under the finals of yes- terday. October traded up to 26 92c around the opening and then fell off to 26. .45c.
 The steadiness on the first can was generally ascribed to the increased ac tivity and steadier prices in the spot markets of the western belt.
The Birmingham age-herald., 1920-09-19
bEAR|SH AVERAGE : OF SENTIMENT IN
 COTTON TRADING
General List at the Close Was Steady at a Net Decline of Five to Seventeen
 Points
By Associnted Press

New York, September 19-@CuGe a bearish average of sentiment was evil dent in the cotton market during to- days earlier trading, but~decline were followed by rallies on covering for over the weekend. December contracts for instance sold up from 25. A to 25.96. or nine points above Fridays closing figures, then reacted, owing to reports of southern hending and closed at 25.70. with the general list closing steady at n net advance of five to seventeen points.
 The market opened barely steady at q decline of ten to eighteen points. rallied to about last nights closing quotations and then eased off unser southern selling, local and Wall Street pressure. Reports of less active demand in the west seemed d disap- pointment to recent buyers, while there was also selling on a less cheer full view of British labor conditions and favorable weather in the south. The latter promised ito continue over Sunday, and the decline here was ac- companied by reports of an easier spot basis in the southwest.
 October sold off to 2S30, and January to 24.s7 with active months generally showing net losses of about thirty three to forty-three points during the middle of the morning. The decline was then checked by the realizing of recent sellers and there, were sharp rallies which carried Octorbe up to 2S.75. and January to 24.75, or about five to ten points net higher
 There also was some buying for trade and New Orleans account on .the bulge, but it was supplied by selling orders from other southern points and prices eased off again in the late trad ing. Manchester reports indicated a very dull business with many mills stopping in the Oldham district, owing to labor troubles
 Prominent western goods distribu tors report fewer buyers than at this time last year, but advices from the uptown goods district received in raw cotton trade circles, said there was a better inquiry yesterday. The amount of cotton on shipboard awaiting clear ance was 56,443 bales against 102,5s5 last year
The Birmingham age-herald., 1920-09-19
bTOCKS IRREGULAR I1N WEEKEND SALES
 WITH TREND UPWARD
Rails Dominated the Session, With Rumors of Separation From their Coal
 Properties ..... ..,a
By Associated Press


 New York. September 1s.--Stocks were Freguiar today on the usual weekend ielling for profits and settlement of spec liative accounts. but the trend for the host part was again higher ! Rails dominated the session, the Della Eare, Lackawanna and Western dissoiu- jon plan giving impetus to other roads which are believed to contemplate abso- ute separation from their coal proper lies.
 The strength of rails was not altogether fonfined to coalers, however, investment granscontinentals, Nickel Plate, St Louis Ind San Francisco. New Orleans, Texas Ind Mexico also recording substantial Edvancess Oils displayed none of their Secent leadership, Mexican and Pan- American Petroleum acting moderately kut Houston Oil strengthened. Steamship fssues, notably Atlantic, Gulf and --er- fantile Marine were responsive to better trade conditions.
 Variable gains marked the buying of Ranadium Steel Baldwin Locomotive, United States Rubber, Kelly springneld Fire and Consolidated Textile, but this Tas balanced by moderate reactions in Eentral Leather, Studebaker, Beet Sugar md several of the unelassified specialties. hn advance of 1s4 points in the various French municipal issues was the note worthy feature of an active bond market, The general list, including Liberties, also hhowing frmness. Total sales, par value Aggregated s6,125, ,0Go. For the week, old United States 2s and is were 14 per cent higher on call.
 The weekly statement of the clearing Aouse banks reflected recent heavy shift Ing of funds in connection with federal lax and Liberty Bond interest disburse- tnent, actual loans and discounts increas- sr1g. by almost S1l3,0Oo eco, This expansion ls, without precedent since the first week bf the current year.
The Birmingham age-herald., 1920-09-19
CLEARING HOUSE BANKS
By Associated Press

New York, September 1S.-The actual
 condition of clearing house banks and
 trust companies for the week show that
 they hold $l9, ,2S5, 40 reserve in excess of
 legal requirements This is q decrease of
 s4,7SS, 7so from last week. The ssa-euren,
 follows;
 Actual conditions Loans, discounts, etc,
 increase $112,9Sl GOO; cash in own vaults.
 members federal reserve bank. decrease
 g, ,1l6,000; reserve in federal reserve bank of member banks, increase s6, 627, 600; re- serve in own vaults, state banks and trust companies. increase $62, ,0oo reserve in de- positories, state banks and trust com panies, decrease sl00o0; demand deposits
 increase SS5, ,o67 900; time deposits, increase S, ,6SS GOO; circulation, decreased $118,W0; excess reserve, decrease $4,7S3,790 Summary of state banks and trust com panes in Greater New Y orll not included in clearing house statement: Loans, dis counts. etc, increase g, Al 400; gold, in~ crease $13600: currency and bank notes, decrease sS3,600; deposit with federal re- serve bank, New York. increase %,S6oals i, total deposits. increase ST, ,3f5 ,00o. Elimi- hating amounts due from reserve depc-f- taries and from other banks and trust companies in New York city and United States deposits, increase s12, 276, 400.
The Birmingham age-herald., 1920-09-19

New Orleans: Middling, 2Sc: receipts 1881; exports. 100; sales, 925; stock
 I97,33S. Galveston Mddling. 2S.75c; receipts 7,4s5 exports, 5,434 sales 200; stock
 163,469 Mobile; Middling, 2S.5oc; receipts, 6s stock, 2,5ls. Savannah Middling. S0.50c; receipts 2,505 sales. 357; stock, 7l,585. Charleston Middling, BOG. receipts f36: stock. 224,410. Wilmington; Stock, FLOSS. Texas City: Stock, 4.314. Norfolk: Middllng. BOG; receipts. 1ls sales 14s; stock, 23.035- Baltimore: Stock. 2.s25. Boston: Mddhng. Slc; receipts. 75 stock. 73.30o Philadelphia: Middling. 3l.25c; re. ceiptsA 9s: stock, 5,241. New York Middling. slc; stock 25,445. Minor ports: Stock, 1.776.
 Total today: Receipts. 12,115; ex- ports. 5,S34; stock. 7G2,344. Total for week: Receipts, 12,1i5; ex-
 pofts, 5.534 { Total for season: Receipts. 352.297
 exports, 61,653.
The Birmingham age-herald., 1920-09-19
COTTON GOODS REVIEW
By Associated Press

New York, Sept. 1S.-Dry goods JoDberS have reduced cotton goods prices sharp ly this week and selling agents for col ored cotton goods mills have unexpected N revised prices downward. varying from D to B Is per cent. In first hands on
 nnfinished cotton goods, the markets were 8 little steadier and a slight re- covery from the very low prices on print cloths and sheetings was reported.
 The course of the finished goods mar kets is shown by maintained price of @ cents op of the loom 4-4 muslin by
 the selling agents under and agreement
 to retain this price till October Is. A
 Cleveland jobber reduced the price to
 30 cents, and this was followed by a re-
 duction of one cent to 30 cents by a
 Chicago jobber.
 In distributing channels which are be-
 ing revised and widely advertised to the
 retail trade and it is hoped to stimulate
 distribution on a lower price basis. Mill orders have not yet shown the anticipa ted increase but selling agents expect that the eventss now taking place will soon hasten a complete readiustment oi values in time to start the spring tradt i moving in a larger volume.
 The drop in ginaham prices was quite unlocked for and was probably forced by q revision in coored goods by Q large southern mill A large manufactures oi overalls reduced prices 3S 1-3 per cent t' d basis of 3i cents for 20 denims but this leval has not b9en touched on th' fabrics in the piece goods market as yet Mills continue to eurtail production ir volume of about 25 per cent but some plants arc beginning 10 resume opera ] tions in some departments.
 Current prices ares Print cloths, 2 inch 64x64's II cent; 64xGgs 101s cents; SSE inch 64x64s F cents and II cents, browI steetings, Southern standards, 70 cent tickings S oz. i2l@ cents indigo A cen l nominal staple prints, 2S cent nominal staple singhams. p cents dress ging hams. 5 cents and 271s cents.
The Birmingham age-herald., 1920-09-19
Daily Financial Gossip
By HOLLAND

New York, September lS.-(Special). When the time comes for the publi- cation of the detailed story of the floating of the five hundred million dollar loan which was made by an American syndicate to Great Britain and France jointly almost exactly five years ago and its prompt payment it will be found to contain some rornantic details, at least financially romantic. It will reveal the manner in which the underwriting syndicate was at last able after surmounting difficulties to secure the final one hundred millions of the loan.
 But that was the day of new interna- tioual financial undertakings on the part of the American bankers. The Eu- ropean war had been in progress a little over year. There was no cer- tainty that Germany would not triumph and if 1t did what would be the effect upon a loan of SIS much as five hun dred millions made by the bankers of the United States 10 England and France.
 k So also the recent marketing of the French loan of hundred million dol lars contains q story of financial strength as well as financing Strategy which when told in full will furnish an additional chapter to the history of American financing carried on EUnile the European was was in progress and since that time.
 There was no doubt about the ability of the American banks inspired by a syndicate of the kind organized by Mir. Morgan to accept an offering of French government bonds of as much as hun dred millions. No doubt prevailed while negotiations were pending eXcepting that which was based upon the terms to which France would agree and which the syndicate would impose. It is now known that when the negotiations were completed France having accepted the terms the syndicate had already re- ceived information from all parts of the United States which Justified the belief that these French bonds would not only be fully subscribed but prob ably oversubscribed. This Information proved to be correct but the various ne- gotiations and correspondence carried on by the syndicate with the American banks would if they were not confi- dential. tel a story of American finan- cial ability and the masterly grasp Of the American situation which charac- terized the underwriting syndicate. x Of course the terms exActed by the syndicate from France were very tempt ing. But no ma tier how great the temp tatfon it would have been impossible to float this loan to say nothing of the oversubscription to it had there not been evidence that gradually and sure-
The Birmingham age-herald., 1920-09-19
Chicago Live Stock Rv A AasOciafed Press

Chicago, September 1S.-Cattle: ke- ceipts. 2,e00 Compared with week age, good to best beef steers 35c>to 40c higher; others steady to 25c higher in-between kinds dull. irregular good and choice veal calves 25c to soc higher; others and bulls steady; stockers and feeders steady to 25c higher.
 Hogs. Receipts, 2,ooo; market mostly 1oc to 15c higher than yesterdays aver age: closing weak on heavy, mixed and pa cking grades; bulk $17.1od1790; pigs mostly 25c lower; bulk desirable kinds s16.09a1e.75.
 Sheep: Receipts. 5000. Compared vita week ago, western lambs and common to medium natives mostly steady; good and choice native lambs 25c to 75c high CT; fat yearlingA and wethers steady to 25c lower: feeders steady to strong fat and breeding ewes 25c to 5oc lower.
The Birmingham age-herald., 1920-09-19
Liberty Bonds /
By Associated Press
Money Market h. ASsocsafeS1 RYeSa

New York, Sept. lS.--Prime mefcah h.ilo no paper s. Exchange irregular Steriihs oo dav hills a.4sh. commercial 50 day bills on banks 3.4SA: Commercial 60 day bills '3.H. demand 953: cables 3.5S34. France demand TOP cables 70; Belgian francs 74e: cables 751; guilders demand Sl12; cables s125 lire demand AIS; cables 4,7o: cables 4So; marks demand i37; cables l3s: New York exchange on Montreal s 15-l6 per cent discount. Government bonds steady; railroad bonds firm.
 Bar silver domestic, 9sls. foreign s3s4 Mexican dollars T.
The Birmingham age-herald., 1920-09-19
WEEKLY COTTON REVIEW

Washington. Sept IS. Cottonseed crushed during August amounted to 2o,3l7 tons the census bureau announced to- day
 Products manufactured during the month follows:
 Crude oil 5.ooa,5D pounds, refined oil! 10 ,952. IS9 pounds cake and meal S,7i3 tons, Iinters 3,470 bales.
 Stocks on hand August 31 were: seed at
The Birmingham age-herald., 1920-09-19
MARINE NEWS
Rx Associated Press

New Orleans, Sept. 1S-Arrived Baja. California (Nor.) Ceiba; Copan (Hond.) Omoa via Port Cortex; Dorothea, Cam peche; Edward L. Doheny, Jr.. Rio Ja- neiro via Tanpico: Gene Crawley, Tam pico: J. Oswald Boyd tRr) Cape Cruz, Cuba: Marinula (Br.) NTampico. Nola Progreso: oevre tNor.) Newcastle. Eng land; Roath tBr) St. Nazaire, France; Canturio. PortQ Rico.
 Cleared Schooner Charles H. Mac Dowell, Mstanzas.
 Port Eads, Sept 1s.--Arrived: Cadillac (Br. United Kingdom: Carplake, Phila- delphia; Harald (Nor.) Ceiba; Lake Gun ti Porto Rico: Marianne Gtal) Italy. Sailed: Bratland (Nor) Santiago Cuba via West Indian and South American ports; Glenaffrio (Br-) New York: Lake Cahoon Nueyitas and Cuban ports: Neptune, Frontera: Sara macca Port Barrios) via Belize TaconYa Maru (Jap.) Kobe and Yokohmama via Panama. Ca nal and Los Angeles.
 Mobile, Sept 1s.--Arrived: Greystoke Castle (Br.) Havana.
 Sailed: Lake Farastal, New York
 
 For 600 years Oxford and Cambridge
 f.. r,t4
The Birmingham age-herald., 1920-09-19

eemoer fiuctuated between 7.72c and 7.Snc and the close was at about the best prices of the day. net points lower to 6 points higher. Trading was quiet. De- iveries of 7,450 bags were reported on September contracts, and near months were relatively easy at the close. The closing bids: September, 7.2sc; October, 7.39c; December. 7Soc; January, Sc; March, S.39c; May, S.60c; July, S.73c.
 Spot coffee nominal; Rio IS, Sc; Santos As. 13h@14Ac. No fresh offers were re- ported in the cost and freight market.
 The official cables showed a decline of 125 reis in the Rio market and of so reis in the dollar buying rate, while new style futures in Santos were unchanged to 9 reis higher and Rio exchange on London was 1-16d higher. Rio freight rates to New York have been reduced to 80 cents for September and 50 cents for October shipments. Brazilian port receipts. 5eo00s Jundialiy receipts, 36.oOo.
The Birmingham age-herald., 1920-09-19

ly new capital is being earned and saw ed in the United States and that this capital is ready for investment. In fact those who are familiar with present day conditions say that one of the most gratifying features of it is the evidence that capital is accImulating far more rapidly than eveA most farsighted bankers believed on the first of Jan uary of this year to be possible.
 There are several reasons for this gradual increase of new capital. One of them is stated by bankers to be the low prices for many commodities. An other is the withholding of loans to those who desire funds with which to speculate in commodities. Another req son is to be traced to the considerable relief from freight congestion which in turn has served to release credit. Fur therInofe extravaganza seems to be passing away and thrift to be taking it's place. There is also reduced activity in some industries.
 AS TT WAS A YEAR AGO
 A year ago leaders in misunderstanding g industries were apprehensive lest they be unable to obtain supplies of raw materials. They were therefore forced to tie up large sums in stocks on hand. In the early spring report was made in this column of the opinion of one of the leaders in American industry, q man whose name is associated with q very large plant whose output in nor nal times reaches all parts of the world He then said that never before in his experience had he been unable to see more than a few wAeks ahead so far as the business situation was Concerned He said furthermore that labor troubles transportation delays. the great strain apon credit and the hesitancy which characterized various markets for man ufactured articles made it impossible for industrial leaders to look ahead more than q few weeks.
 This man has now changed his opin- ion for he says that raw material sup plies have increased transportation has greatly improved aud it is no longer necessary to carry large stocks which heretofore have made it inevitable tha, large sums were tied up.
 But the demand for new capital and the opportunities which are offered to it when it is available, will probably continue for two or three years Never theless it is gratifying that at this time the American public was not only willing but able to absorb a French government loan of a hundred million dollars. For the oversubscription to this loan demonstrates that capital is be- ginning to accumulate in large amounts and capital unless there be serious set back is sure to grow by what it feeds upon.
The Birmingham age-herald., 1920-09-19
Cotton Seed Oil

New York; September p.-While not active, cotton seed oil was sharply higher for forward months on urgent de- mands from belated shorts and scant pit offerings. Nearby deliveries were in- clined lower with lard and cotton and closed IA to 20 points lower while other positions showed net gains of to 22 points Sales, 4so0 barrels; tenders, 7u barrels. Prime crude sl0.75011 %; prime summer yellow. spot, closed sl3.5O; Octo- Der, sl3e5; December, s1414; March si4.23; prime winter yelolw and summer white, nominal.
The Birmingham age-herald., 1920-09-19
Sugar Market

New York, September 1s.-There were no fresh developments in the sugar mar ket today, and with the raw and refined markets closed, interest was centered in sugar futures where only a few lots changed hands, with operators inclined to hold off and await developments in the spot market.
 Prices were irregular and closed at ls points decline to points advance, with trading confined to the November ana December positions.
The Birmingham age-herald., 1920-09-19
Hubbard Bros. & Co.

York Members New York Cotton Excdange New Orleans Cotton Exchange. New York Produce Exchange. Associated Members LiS. erpooi Cotton Association. Orders soiicit'-t for She purchase and sale of Cotton and Cotton Seed Oil for future delivery. SIecA attention and i.sersl terms given for signment of spct cotton for delivery. Cor
The Birmingham age-herald., 1920-09-19
Interior Moyemen:

Houston: Middling. 3s.50e; receipts 1S.s14; shipments, 73s5 sales. l0,297 stock, 250,610.
 Memphs: Middling, 32c; receipts 430; shipments. 478; sales. 600; stock 252.2S7
 Augusta: Middling, so.25c! receipts 1,66T; shipments 1.176; sales, STA stock, 4s.130.
 St. Louis: Middling. 32c; receipts 131; shipments, 131; stock. 9.7s4
 Little Rock: Middllng. 2sc; receipts 90; stock, 1f.S9s.
 Total today: Receipts. 1s.072; ship ments. 9.lS0; stock, 576.sS9.
The Birmingham age-herald., 1920-09-19
Naval Stores m A~s-AnI D-~zn

Savannah Ga. Sept lS.-Turpentine firm 135@1 se; sales none; receipts 1so, shipments 137; stock 12,964.
 Resin firm; sales 1,245; receipts 79e; shipments 73S; stock 4s,s90.
 Quote B, D. r. F. G. H. I, K. M, N. Wg. Wv 11.S2ts
The Birmingham age-herald., 1920-09-19
London Money

Ky AsSOcIated PrcSS
 London, September 1S.-Bar silver, 5oNd per ounce; money, 5A per cent: discount rates, short and three-month bills, 6al95 6 1916 per cent
The Birmingham age-herald., 1920-09-19

Panama 3s, coupon .........- v
 American Smelling 6 Refining 5s Io
 American Tel & Tel. cv. 6s.. 96
 Atkinson gen. 4s . 751s
 Atlantic Coast Line list 4s . 75
 Baltimore Ohio cv. hs 6S
 Bethlehem steel ref. 5s ..... 7Sss
 Central of Georgia con. 5s Sl
 Cen,ra1 of, Leather 5s .,.. 90h Chesapeake & Ohio cv. 5s s4A Chicago. B. & Quincy joint 4s 9o4
 Chicago, Mil. & St. F. cv. 49ss il
 Chicago, R. l. & Pac. Ky. ref. 4s.. 6s1 Sitv of paris 6s .... 937s
 Colorado & Southern ref. 41ss. l1A
 Denver & Rio Grande con. As 65 F
 Don,in;on of Canada 5s 1931) SSM
 r1i;ross rsantra, ref 4s 75B
 Inter- Mer. Marine es ....... sl 4
 Kansas City Southern ref. 5s. osa Lggett & Myers os ....r..... oa Louis & Nash. un is ...... oo Mo. Kan. X Texas 1st 4ss ol7s Missouri Pacific gen. As ........ oeS Norfo1L z. Western cy. ss .... 100H Nortnarn pactfic 4s .. 751z
 Readinr eadSn gen gen 4s ......... soA ReDublic Iron & Steel 5s -d94O 6G e. o,,;s < san rran. adj. ss. 66% Seahoard Air Line adj. 5s 5S ce..tnarn pai, Telenhone 5s so1s So,,thern Pacific cv. Ss ........ 1ocA southern Railway 5s ..........' Sd southern Railway gen. 4s ......' 5s% ,r q p,oific 1s+ .. 79 I-e. Da..sFio as .. So9s
 oni.ea haaSl i1a.Saoni oi ........ a =. s7s 92
 v;rs;n V; .; s'1sa at@,arDsina Chemical 5s. 91a -l ,. ST
 Wy;,san ao,aSn & co ev. es .......... s214
The Birmingham age-herald., 1920-09-19
Spot Cotton

New orleans, Sept. Is Spot cotton steady and unchanged. Sales on the spo, ls0 bales to arrive 7i5 Low middling 19. 50; middling 2s.00; good middling 30.75. Receipts and stock blank.
The Birmingham age-herald., 1920-09-19

plants, S5.7gD tons: crude oil 1s757. .055 pounds. refined oil 22s, 4s4.ls9 pounds
The Birmingham age-herald., 1920-09-19

The average yield Of surplus honey in 1919 was fifty pounds to a colony Of honey bees as estimated by the bureau of crop estimates. United States department of agriculture
The Birmingham age-herald., 1920-09-19
By Associated Press

New York. Sept 1s.-cotton, spot quiet; middlng 3l.0o.
The Birmingham age-herald., 1920-09-19
East St. Louis Live Stock By Associated Press

-East st. Louis September 1s-tCattie: Receipts, 1,50o. Market for week: Best steers steady; others 25d5oc lower; Oklahomas 50a 75c lower; good cows and heifers steady; between times shade lower; bulls steady; canner cows ls4z'c higher; vealers steady; best stockers ana feeders steady; lower grades weak.
 Hogs Receipts. 2,500; weak to oc lower. Market for week: Hogs generally
 pc higher. bulk s17.0eG1775.
 Sheep: Receipts 65o; steady; no quail ties shown: common lambs $l0.5Gnl2.0J culls largely ss.5ou70o: sheep steady.