davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1920-10-08
COTTON UNABLE ID
 HOLD EARLY GAIN IN
 NEW YORK MARKET
Private Reports That Increased Banking Facilities Were In Sight Caused Temporary
 Rise of Market
By Associnted Press

New York, October 7.-Priva;c reports that increased banking facilities were to DC made available for financing catt,sa caused 8 sharp advance in the rArxcS here today, but prices broke Aga,n o~sna to reports of increasing mil curtalmcnt, ana the lowest levels were reached in :he late trading on most positions
 October was relatively firm after the circulation of few notices selling mp to 24.o5c and closing at A.04c, or 49 poin.s net higher, while other months showed net losses of 9 to 40 points.
 The market opened at an advance of 5 points on May, but generally to II points lower in response to disappointing cables, favorable weather map. oV err night selling orders from the southwest and the continued depression of the goods trade, London reported more ner- yousness over the coal labor situation, and prices were about q to 8 points net lower within the first half hour Of ferings were not particularly heavy, and the market then turned firmer on more encouraging spot prices and private ad- Vices from the south claiming that the federal reserve board had ruled that cot- ton factors paper, if accompanied by farmers notes. was eligible for reds- count For "a time the market showed marked strength on active Wall street buying and covering. while there was also some trade demand on the advance which carried the active months about 5u to 70 points above last nights closing fig ures.
 Later, however, it was. reported that there was nothing new in the banking at titude toward financing cotton. and prices broke sharply under liquidation promoted by reports of increased curtailment in knitting mills. January, which had ral- lied from 21.5Oc to 9. 27c, sold off to 21 32c, or 50 points net lower, and most positions closed within point or two of the lowest Some trade buying was reported on the decline and local brokers said there had been better inquiry from mills. Ex- ports for the day were sos bales, making 5l6 l39 so far this sea son. Port raceints
The Birmingham age-herald., 1920-10-08
Metal Market

By Assoc.Hted Fress
 New York, October 7.-Cepper, nomi electrolytic and spot and four qua 1FtmlfAc; iron steady and unehan Tin irregular. spot and nearby Si futures. s43 .s1. lead dull; spot sG50lt zinc easy, East St Louis, spot S7.S5'S antimony. $1O0. 1t Lon1oa; s.aas copper. spot e9S 1zs 6p; futures, Cd, electrolytic, spot eu2: future tin, spote e2G7 5s: futures e27 fSs; spot. i34 IS Cd; futures. fSi 2s cd spot eN lis 6d; futures, eit Is ea
The Birmingham age-herald., 1920-10-08
Liberty Bonds
Money Market Ry Associated Press
By Associated Press cu York Ocfnhar T-I -I.iharf | hnnf

New York, October 7.-Prime mercan- tile paper. 8 per cent; exchange irreg- ular; sterling 60 day bills, $Sf5h; eom- mercial SO day bills on banks s3.t5 :. Francs demand, 6,66; cables, 6.6S. Belgian francs demand, 7.01 cables 7.03. Builders demand, S0S5; cables, 3l.00. Lire demand 3.S5: cables. 3S7. Marks demand. 1.59 cables, 1.60 Greece demand, 1924. New York exchange on Montreal, SIS per cent, discount. Government bonds heavy; rail- road bonds irregular. Time loans steady; 60 days. 90 days and six months 7ssaS per cent
 Call money steady; ruling rate ' per cent; bank acceptances 6A per cent.
The Birmingham age-herald., 1920-10-08
New Orleans Cotton

New Orleans, october 7.--Although it was firm and advancing In the middle stage of the session today, the cotton market turned weak in the late trad ing. and from net advances of 38 to 47 points fell to net declines of 35 to 5l points, finally closing 20 to 42 points net lower on the day. At the highest.
The Birmingham age-herald., 1920-10-08

[. S. Is, registered. hid ....... 1854 U s. 4s, coupon, bid ......... 105A Panama 3s. registered. bid ..... IT
 fanama Ss, coupon, bid ........ ff
 American Smelling & Refining 5s 7SA American Tel. & Tel. cv. 6s ...... 96l2 Anglo French 5s .......... 99ts tchison gen. 4s ......... 771z Atlantic Coast Line 1st As ...... ISIS Baltimore X Ohio cv. 41Ss ... "A Bethlehem Steel ref 5s .... fS14 Central of Georgia con. 5s Sa1s Central Leather 5s ........-... 90ls Chesapeake & Ohio cv. 5s ..... SIS Chicago. R. I. X Pac Ky ref 4s. 70A Chicago. Mil. & St. P. cv. 41ss... n Chicago. B. & Quincy joint 4s 96A City of Paris 6s ...... 945s Colorado & Southern ref 41ss., 7SA Denver & Rio Grande con. As b7 Dominion of Canada 5s (l9Sl).- sl 1s Erie gen. 4s ................. 50 Illinois Central ref. 4s ......... 76la Inter. Mer. Marine ss - S21a Kansas City Southern ref 5s 71s Liggett & Myers 5s, bid ......... S5Ss Louisville &s Nashville un. 4s.. SS Mo, Kan. & Texas 1st As 6l Missouri Pacific gen. As ...--.. o9 New York Central deb. 6s ..... 232 Norfolk & Western cv. 6s ...... l04ls Northern Pacific As .......,.-. tiss Pennsylvania gen. 5s .-,........ p1a Reading gen. 4s ........-.....z Sl
 Republic Iron & Steel 5s 6i940) S64 St. Louis & San Fran. adj. 6s s9
 Seaboard Air Line adj. 5s ...... 44
 Southern Bell Telephone 5s .... S1 < Southern Pacific cv. 5s ..... 102 E Southern Railway 5s ........... S9ss Southern Railway gen. As 65
 Texas & Pacific 1st. bid ....... S5
 Union Pacific As ............... S1 3s United Kingdom of G. B. X I.
 51hs (193D ...s........,.... MS U. & Steel 5s ................. 9a
 Va Carolina Chemical is, bid 92A Wabash 1st. bid ................ S914 Wilson x Go. cv. 6s ............ SEA
The Birmingham age-herald., 1920-10-08
Liverpool Cotton Ru Aesnc;afad prass

Liverpool, October 7.-Spot cotton in fair demand; prices higher; good middling, a.62d; fully middling, 1s.S7d; middling. lS.12d; low middling. 1i.32d; good ordi- nary, 11.12d; ordinary, 10. 0.12d. Sales. 4,GOo bales, including 3,7O0 American. Receipts, 5.000 bales, including 100 American. Flu lures closed quiet and steady October, 16.Td; January, 16 4Sd; March, It. 15d 1; May, 15.SSd; July, 15.60d.
The Birmingham age-herald., 1920-10-08
Sugar Market

By Associated Press
 New York, October 7.-There was re- newed weakness in the local raw sugar market today and prices sold into new low ground for the year. There were no sales of Cubas, which closed at 7lsc eff, equal to S2ec for centrifugal, but there were sales of 200 tons of Java whites in port at Sc duty paid, and 35,000 bags of Perus for October shipment at 6l1c eff. which is half-cent lower than the prices asked for Cubas or Porto Ricos.
 The decline in raws led to another re- duction of half a cent in refined prices, which are now quoted at 11c for fine granulated It is believed that all re- liners in the market are doing business at this level but that the demand, while little more active, is by no means gem eraI as buyers are inclined to hold off until the market becomes little more settled.
 The futures market was fairly active and prices were weak and lower under liquidation and selling by trade interests prompted by the further decline in raw and refined. Closing prices were 20 to bD points lower
The Birmingham age-herald., 1920-10-08
Coffee Market
By Associated Press


 New York. October 7.-The market for coffee futures was irregular today with an early decline. followed by ral- lies on buying by importers which. how ever, was attributed by most of the local brokers to profit taking on short con- tracts. The opening was to : points lower under scattering liquI1ation pro- noted by the continucd unsettled tone of Brazil, but offerings were light and prices firmed uq during n. middle of the day. with December advancing from 7S1 97.45c, or 8 points net higher. This improvement was not fully maintained, as there was a renewal of scattering liquidation late in the afternoon, with the market closing net points lower to higher. Closing bids; October. 7.04c; December, 7.35c: January. 7.52e; March, 7.34c; May. S.06c; July, S.2Sc; September, S.43c.
 Spot quiet; Rio Is. 7hc; Santos As, 12 @ 12Rc. It was reported that Santos had sold in the cost and freight market yesterday at 9Ac, American credits. No fresh offers from either Rio or santos were reported today. Victoria Ts and ss were quoted at 7c. American credits.
 The official cables reported a decline of 100 to 175 reis in the Rio market. santos futures were 500 to 200 reis higher and Rio exchange on London hs higher. Brazilian port receipts, 6I,000; Jundiahy, 3s,000.
The Birmingham age-herald., 1920-10-08
Please Circulate

While this advertisement is being printed in many leading newspapers throughout the South, yet 1 would like to have all public-spirited busi- ness men and others interested cir culate this message among their friends and acquaintances. Send it to your local paper and have them reprint it.
The Birmingham age-herald., 1920-10-08
Dry Hoods

RY NksOcIDfeu TrCtS
 New York. October Print cloths reached new low level in today's light trading Bids of 9c a yard for 5.50 sheet ing for export were declined. Yarns were quiet; dress goods sold in small lots and fine goods were in better call than plain staples Knit goods and hurlaps were quiet and silks ipac- tive.
The Birmingham age-herald., 1920-10-08
Hubbard Bros. 6 Go.

York. Members New York Cotton Exc New Orleans Cotton Exchange. New Produce Exchange. Associated Merlbe erpooI Cotton Association. Orders for she purchase and sale of Cote Cotton Seed Oil for future delivery. attention and ENeral terms given fc s.zrment of spot cotton tor delivery
The Birmingham age-herald., 1920-10-08
Spot Cotton

New Orleans. October 7.-Spot cotton steady. Sales on the spot. t477, to arr rive, l,Go0 low middlng. 15.5oe; mddling, 9 25c; good middling, 24 25c, Receipts, 4,7f9 stock, 20, ,16l.
 New York. October 7.-spot cotton quiet; midding, 25 25c.
The Birmingham age-herald., 1920-10-08
Cotton Seed Oil

New York October After starting steady in sympathy with higher hog products, cotton seed oil turned easy un- der hedge selling and scattered liquidA- ton on the late heaviness in cotton. Clos
The Birmingham age-herald., 1920-10-08
Chicago Futures
By Associated Press

Cash Grain
 By Associated Prcss Chicago, October 7.-Cash wheat: No 2 red, s2 1902. IS; No. red, $2 21fik: No hard, s2.o64lG2. 101a Corn: No mixed, sok19zc; No ? yellow, 92df94c.
 Oats: No. white, 54hsde5ls; No. white 5sc
 Rye: No. g q. .64f11 6. Barley, s0695c Timothy seed, s5.O0as.5o. Clover seed. sl5422.
 Pork nominal; lard. si955; ribs, s15.5Q 17s0
 St. Louis, October 7.--Cash wheat: No 2 rcd winter, s2.2ld2. 22; No. 3, s21S; De- cerber, s1.93% bid; March, s19sA. Corn: No. l white. sl. December, STA i; May, 9014c.
 Oats: No. white 5s53c: No. ,, 551Gs554; ; December. 5sasc; May. e0%c
The Birmingham age-herald., 1920-10-08
THIRTEEN

irS bids were 4 to 13 points lower sal lo500 barrels. Prime crude, s9.W h prime summer yellow spot. nominal: [ touer closed S12.55; December, s,2 March. sl2.sO. all bid. Prime winter iow and summer white, nominal.
The Birmingham age-herald., 1920-10-08
Potato Market

Chicago October 7.-Potatoes slightly stronger; Minnesota, Michigan and Wis cCnsin Round Whites, $2d2. .15.
The Birmingham age-herald., 1920-10-08
soc Cotton or More, in 30 Days-4Oc Later

You control the situation Whether get BOG for cotton 30 days depends Cotton will bring this this keep off the market sell pecemea emembe that the inherent value of recommended by the Am
 Cotton Association for Novmber The that Sept Oct shipments transferred into October because of the belief that October would cheaper cotton There number and commitments which due this December and these ob filled The the and manufacturers have all made they got fulfill will hold his price, absolutely
The Birmingham age-herald., 1920-10-08
New Orleans Futures

sfy 1ksNNtNaTtU TFtNs New Orleans, October 7.-1'ae cotton market closed steady at a net decline Of % to 42 points.
The Birmingham age-herald., 1920-10-08
Daily FiinanciaL Gossip
By HOLLAND

New York. October 7-(Special.) Many times inquiry has been made of those who should be able to give an answer, if any answer was possible. how is the enormous trade balance in our favor that has accumulated within the past three or four years being paid or has it been paid, and if not, when will be it paid? Without exception. the answer to this inquiry has been, i've do not know, In fact 1t is not pos sible to make even a guess which would justify any statement that would show approximately how when and where this balance has been, is being or is to be paid
 Apparently the federal reserve board has gathered some information which justifies it in making a guess, not as to the way in which this indebted ness is being paid, but as to the amount of 1t. The board fixes the amount of what it calls suspended credits at three billion dollars. When the European war began, the United States was a debtor nation by at least four billions and some of the estimates put the fig lures as high as five millions. But while the war was in progress, we ah- sorbed at least three billion dollars of etiiS htOt. 1 uS iudniiGI ltt WiilSi AhiH was done was one of the wonders of the financing of the time. For we took over at least three billions in American securities which had been held abroad and there appeared to~be not the slight- est evidence that a transaction of this kind was under way so easily and quietly was 1t done.
 Therefore. if the federal reserve board is correct in it's estimate. a fav- orable trade balance has been secured which matches almost exactly the ab- sorption by the American public of some three billions in returned Ameri- can securities. The federal reserve board speaks of this trade balance as something which is represented by suspended credits" Much has been heard of so-called frozen credits" W hich were due to domestic conditions and which are now apparently being rapidly melted away. But the federal reserve board has invented a new term to describe the situation so far as our favorable trade balance is con cerned. It calls it suspended credits. But who is carrying these credits? The presumption is that, although the hanks are carrying no small part of them, our exporters and our industrial companies are also carrying a consid- erable part The interest account Of itself upon these suspended credits must be very large and will accumu- late until the credits are iquidated. DECnDn INADrTDZT
The Birmingham age-herald., 1920-10-08

"A c; Japan, 44O pockets at 6@s%c; blue rose. 631 pockets at 73a c; receipts, 1,241; bran and polish unchanged
The Birmingham age-herald., 1920-10-08
A RECORD FOREIGN TRADE

The estimate Is made by the National City Bank statisticfans that on the first of January next, reports from Washington will show that the foreign trade with the United States for this calendar year was not far from four teen billion dollars. This would be an Increase of three billions in compari- son with the trade of 1919, and al- most ten billions as compared with the trade of the year before the war.
 One peculiar feature of this trade has
The Birmingham age-herald., 1920-10-08
Close Up Shop-Quit Selling!

ly question whether there will even be an Il 900, ,000-baie crop gathered; 1t may be as little as 10,000,000 bales. An authority estimates the American mill consumption of American cotton this season 6,350000 bales, and con- sumption by foreign mills of Ameri- can cotton 6,350,000 bales-a total consumption of American cotton this season of 12,700,00O bales Govern ment indicated yield 12,023, ,000). We call attention to the fact that the "car- ry over" from last season was 1,000,- 900 bales less than the previous sea- son, and don't forget that possibly half of this 'carry over" is junk unspinnable cotton. Don't let the buyers and those interested in getting things cheap scare you out. Hold your cotton. Make them pay your price.
 THEO. V. WENZEL, President, Rumble & Wenzel Co.,, Natchez, Miss. Former Chairman of the Cotton Publicity Committee of the Campaign of 1916 and 1919; President of the Adams County Miss issippi Local Branch, American Cotton As sociation.
The Birmingham age-herald., 1920-10-08
Produce
By Associated Press

Chicago, October 7.-Butter lower; creamery. 4SaGoc. Eggs higher; firsts, 57lz@5S1kc. Poultry alive, unsettled; fowls. general run, 2Sc; springers. 271Ac; turkeys, 45c.
The Birmingham age-herald., 1920-10-08

New York, October 7.-Butter barely steady; firsts, 501z@621kc. Eggs steady; fresh gathered firsts, 62@5c. Cheese steady; average run. 271k@2Sc, Poultry, alive easy; chickens by freight. 25@Sc; by express, 25@30c; fowls, 3aa95c; roosters. 20c; turkeys, 40c. Dressed quiet and un- changed.
The Birmingham age-herald., 1920-10-08
Naval Stores
By Associated Press

Savannah, october 7.-Turpentine steady, 121; sales, none; receipts, 347; shipments. 43; stock, 16,915. Rosin steady sales, IA; receipts. 1.27S; ship ments, 3S7; stock. 54.61s. Quote: B, D, E. F. G, H, I. K. M. N, VIC and wv. S113215.
The Birmingham age-herald., 1920-10-08
Rice Market

New Orleans October T.-Rough rice,
 By Associated Press no sales no receipts. Clean steady; sales, HondnraA 4l54 pockets at 2x e
The Birmingham age-herald., 1920-10-08
Port Movement

New Orleans: Middling. 22.25c; re- ceipts, 4,749; sales, 3,077; stock, 220. .161. Galveston: Middling, 22.50c; receipts. 1S, 214; sales, SITS; stock, 240,S75
 Mobile: Middling, 23c; stock, i,425. Savannah: Middling, 24c; receipts, 3,O45; sales, 249; stock. 106,406
 Charleston: Receipts, 246; stock, 226,334.
 wilmington Receipts, 500; stock, 3O,ss7.
 Texas City: Stock, 4,595.
 Norfolk: Middling, 23c; receipts, s22; sales, 241; stock, 22,924.
 Baltimore Stock, 3.021.
 Boston Middllng, 25.25c; stock, 16,400.
 Philadelphia Middling, 25.5oc; stock. 4.5S4.
 New York: Middling, 25.25c; stock s0.017.
 Minor ports Receipts. 34s: exports. E3S: stock, 1,544.
 Total today: Receipts, 27,424; ex- ports. 5ss; stock, 909,153.
 Total for week: Receipts. 156.6s2; exrorts, 1920.
 Total for season: Receipts, 7s5.ss2; exports 5,15,s40.
The Birmingham age-herald., 1920-10-08
Spot Coffee

By Associated PreD New York. october 7.-Spot coffee. ' 1-2c-
The Birmingham age-herald., 1920-10-08
New York Bonds By Associated Press

U. s. 2s. registered. bid .-....... 1ol r U. s. 2s. coupon. bid .--...... lolN
The Birmingham age-herald., 1920-10-08
Interior Movement

Houston. Middling, 22c; Receipts, 24,278; shipments, 1S,796; sales. 1886; stock, S4,979.
 Memphis; Middling, 23c; receipts. 1,c50; shipments, 1,415; sales, 1,c50; stcck. 249,571.
 Augusta: Middling, 23.75c; receipts, 2760; shipments, LAT; sales. o41; stock, S2.571.
 St Louis: Middling, 2fc; receipts, z31; shipm ents. 153; stock. o.5SS.
 Atlanta: Middling, 22.T5c.
 Little Rock: Middiing, 22.50c: re- ceipts, 1898; shipments. 214; sales. 2i4; stock. 21.5S0
 Dallas; Middling 2225c. sales. 11.e72.
 Montgomery: Middling, 22.75c; sales 50.
 Total today: Receipts, 29.712; ship nents, 22225: stock. 64s.2ss.
The Birmingham age-herald., 1920-10-08
New York Futures

New York, October 7.-The cotton closed steady.
The Birmingham age-herald., 1920-10-08

The backbone of the South has ened the holders cotton resolved to get fair price for their commodity The whole South aroused Meetings being held speeches being made ad vesemens and circulars appearing and the whole ma concerted effort prosperity of the South that cotton brings its real value.
 While the Federal willing holding than clarified this the of the Atlanta
 tive statement that the Federal Reserve Banks would do all they could help the farmers hold their cotton.
The herald and news. [volume] (Newberry S.C.) 1903-1937, 1920-08-03

Subscribe to The Herald and News,
The herald and news. [volume] (Newberry S.C.) 1903-1937, 1920-08-03

q S JAMES MADISON made a great
"a name for himself before entering
the presidency and added nothing TO it
while in the White House. it must be
that he was g good deal Of a man but
not much CT q president.
Like al the more famous Virgin
ianS. Madison was not OF the highest
aristocracy, but the son OF q plain,
well-tc-do farmer il an outlying ccun-
ty. His early life w;,s passed at Mont
Daiar, the farm which his grandfather
had wrested from the Indians; from
it he drew his. only private income
ana at last he was buried III its soil.
He was dependent cn his~father until
he was fifty, when the latter died and
the place became his own, with 100
slaves, WHO continued always to ad-
dress him simply as Master Jimmy"
Standing only five feet six inches
and one-Quarter inches, he was, with
Grant the sGlall6 Of our presidents.
Naturally thin and frail his zeal for
study nearly wrecked his health while
a student at Princeton college, where
for months at a time he slept only
three hours out Of the q. Unified
for military duty when the Revolution
came, he went to the Virginia legisla-
ture instead. Yet this seemingly
broken-down young man was destined
to be the longest lived Of all the presi-
dents, with the single exception Of
John Adams.
When a candidate for reelection to
the legislature, Madison revoltel
The herald and news. [volume] (Newberry S.C.) 1903-1937, 1920-08-03
IMPORTANT MEETINGS
OF NEWBERSY POST

Thursday evening, August 5, there
will be the regular meeting of Post
No. % Of the American Legion at
$50 o'clock. It is earnestly desired
to have quorum present as business
Of Importance will be up for ccnsid-
GRAFTON.
An amendment to the constitution
will oe offered.
The question whether this post will
join with the other posts throughout
the country in making Armist;ce day.
November II, 1929, memorable in
the history OF our country, will be
discussed.
There will be al announcement
that will concern every Legion mem
Der n the county.
AL baseball fans are especially
urged to be on hand.
May We count on you?
Hal kohn.
Post Commander.
The herald and news. [volume] (Newberry S.C.) 1903-1937, 1920-08-03

49, Ei2 furious storm aroused by The
& combat between Thomas Jefferson
and Alexander Hamilton, the greatest
Glaj!iat0rs to face each other in the
arena CT American politics, makes Our
recent campaigns seem like Sunslow-
e-S. HamiltoniaGS scorned TO cat and
drink. and sometimes even to pray,
with the JefEersonians. To give a
daughter in marriage With Ole OF
them vas almost abnorred as mis-
ceganatioD.
Nothing else so stirs the angry pas
sions as Il conflict Of classes or OF sec
tons. This was both doubly bitter.
An almost solid South united with
the Northern masses in common
dread of 4 strong government and in
2 common hostility to the old ruling
caste in the middle states and New
England. The new parties called them
selves FederalistS and Republicans.
In the first battle. when those par
ties fought for the chair Of Washing
ton in 1916, the result was so close
that Jefferson came within two elec'