davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1920-08-20
WEAKNESS STILL
 SHOWN IN COTTON TRADING YESTERDAY
At the Close the Financial List Was Barely Steady At a Decline of S5 to
 104 Points
By Associated Press

New York, August 19.-The cotton mar
 ket showed continued weakness today
 and there was a further decline of be- liveries made low records with Decem-
 Der selling off to l29s5c or l25 points
 below yesterdays closing quotation and
 229 points below the high level of yester-
 day morning. That delivery closed at 26. s6c, with the general list closing barely
 steady at a decline of S5 to 10i points
 There was a good deal of reactionary
 sentiment in evidence during the earlier
 trading, which was encouraged by the
 better Polish news and the rapdity of
 recent declines. After opening at de- cline of twenty-eight to fifty eight points
 the market soon showed net losses of
 forty to eighty points on overnight sell ing orders, but steadied on covering and
 buying for rally. This carried prices
 up some thirty or forty points from the
 lowest. but the advance met southern
 hedge selling while selling also was re- ported in liquidation of mill hedges previ- ously held against forward sale of goods Prices soon weakened again in conse- quence, with the pressure becoming more general during tho afternoon, when early buyers for reaction liquidated and there
 was a renewal of local and Wall street pressure. October sold off to H.65c and January to Ollie, with active months generally showing net losses of 102 to l25 points The close was several points up from the lowest on covering. Prospects for rains or showers in the western belt contributed to the forenoon rally and there were also reports that Texas buy CTS were trying to sell strict middliug cotton for forward shipment in Okla homa.
 These features evidently failed to make any impression on sentiment. however, and local bears seem to be placing more emphasis on reports of unfavorable goods trade conditions
The Birmingham age-herald., 1920-08-20

New Orleans; Middling, S2 Soc; receipts, 2S5; exports, S94; sales, 3S2; stock, PIP, 40S.
 Galveston: Middling, 3Sc; receipts, 3,165; exports, S,73S; sales. 479; stock, 94,9l9.
 Mobile: Middling, 32.50c; stock, ZIP.
 Savannah: Middtng, 35c; receipts, @2; stock, 555eo.
 Charleston Middling, 25c; receipts, 10s; stock, 21 ,6S1.
 Wilmington: Exports, $500; stock, 27SsS
 Texas City Stock, SS35.
 Norfolk; Middling. 650c; receipts, 6s; stock, 24Ss7.
 Baltimore: Stock, 5,02a.
 Boston: Middllng, S5c; receipts, sos; stock, 9,0c0.
 Philadelphia: Middling, A BOG; receipts. 50; stock, 5,476 New York: Middling, s4. 2sc; stock. SS 7S5 Minor ports: Stock. 2.213, Total today: Receipts, S,SSS; exports, 14,632: stock, 70S 159. Total for week: Receipts. 2s9o9 ex- ports, 35,90i. Total for season: Receipts, S,S59; ex- ports, 96, ,005,
The Birmingham age-herald., 1920-08-20
Daily Financial Gossip
By HOLLAND

New York, August 1s. - Especially Capt. Robert Dollar who returned a few days ago from Europe where he has spent a few weeks occupied with important business affairs brought some important information to New York. His personality, his career, his enthusiastic devotion to American shipping interests and our merchant marine are perhaps of more immediate interest than any stimulated by the brief report which he brought To him it seemed all important that although cargo ships were selling at about S175 a ton in January of this year, or little later, now they can be marketed for no more than s72 a ton. This, of course, Is an important reduction for Captain Dollar and apparently he took advan- tage of it because he bought while in Europe a steamer which as soon as 1t can be brought through the Panama Canal to San Francisco will be added to the Dollar Steamship lines.
 While the war was in progress and when the submarines were devastating the seas with wrecks, Captain Dollar maintained as far as possible regular schedule for his steamship line. He also was in close touch with the Chinese government. Through him bargain was made by which the Chinese ship builders at Hong Kong contracted to build for the United States several steamers. Captain Dollar offering to transport from the United States to Hong Kong all the equipment needed without making any charge for freight.
 In China Captain Dollar is regarded as the best representative of American manhood. His influence there is very great and it is in part explained by the facilities which he establish ed whereby Chinese boys and youths can gain an education.
 Sometime in June Captain Dollar sailed to Europe. With him was his wife and a granddaughter. They went as companions, he intent upon cer- tain business. Perhaps six months later he will be heard from in China for his business interests necessitate long jour neys.
 Perhaps the remarkable feature as- sociated with Captain Dollars actfvi- ties is the fact that the scriptural limit of seventy years has in no way af fected him. He Is now about seventy six years of age, and yet those who are brought into touch with him find them selves wondering how a man of his years can maintain such vigorous physical and mental activity. He does not know what weariness Is possibly because he takes excellent care of him self. He does not live in the past, but in the present looking always hopefully into the future. Before the first of September Captain Dollar will again be in San Francisco and possibly later in the fall in China.
 What the merchant marine needs:
 No man is better qualified to speak of the opportunities awaiting the Amer ican merchant marine than Captain Dollar. When he was here about a year ago, he said to friends that only one obstacle stood in the way of such development of the American merchant
The Birmingham age-herald., 1920-08-20
ALL GRAINS AND
 PROVISIONS LIST
 SUFFERED SLUMP
By Associated prsa

Chicago. August 1s-All grains and provisions suffered slump here to- day. corn leading the downward march, although wheat started out higher The action of corn, led by the September delivery, quickly changed the trend of the markets and all closed near the low point of the day.
 Wheat was off 1 A c to 2hc. with De- cember $2.57 and March s2.39; corn showed net loss of 5sc to 4%c, and oats were B ole below yesterdays finish, while provisions ranged from p c soc lower.
 Although exporters were said to have bought 560,00 bushels of wheat yes terday there was no fresh export busi- ness reported today. However houses with seaboard connections were good buyers of future deliveries. presumably with view of exchanging them for cash grain to fill old sales abroad
 Greece was reported to be seeking wheat but it was thought she will buy it from Canada.
The Birmingham age-herald., 1920-08-20

marine would make the United States masters of the commerce which origi- mates here and is taken to various parts of the world. That obstacle. he says, is our federal laws. He repeated the statement on his recent arrival from London, but added that If Congress will by adequate legislation enable Ameri- can ships to compete with those of oth CT countries, the future of the Ameri- can merchant marine will be most prosperous future both for those en n- gagged in shipping and for the United States. Captain Dollar says that Eng land is our chief competitor so far as ocean commerce. is concerned. but he also asserts with emphasis that If cer. tain laws now on the statute books are repealed and wise Legislation enacted, the United States need have no fear of England's competition.
 MORE SHIPS THAN BUSINESS
 One remark which was made by Cap tain Dollar has caused a good deal of comment because of the common opin ion that the United States is still short of ships. not warships, but ommerce bearers. On the contrary. according to Captain Dollar. there appears to be now more ships than are needed for the ocean commerce.
 For this reason he deems it certain that freight rates will be deflated SC to speak, competition which will be very strenuous will begin, and we are likely to see new rates which of them . selves will stimulate an increase in ex- ports In speaking of the competition which has already begun, Captain Dol lar said that the rate on timber from Canada to England a short time age was 200 shillings a ton. Now just one half of this amount is exacted for freight of this kind.
 Some years after the Panama Canal was opened for traffic, at time when some embarrassment or slackness in the American lumber trade prevailed the Canadians were able to ship tim Der from the Pacific coast through the Panama Canal bringing it to Atlantic ports and marketing it even in inland cities at less rate than the American lumbermen could place their lumber upon these markets. v ptain Dollar according to his friends, is persuaded that there is to be a large increase in the Pacific commerce. He looks for ward to the day when the commerce which originates or terminates upon the Pacific coast and which represents trade with the far east will be greater than the commerce which now crosses the Atlantic. Some of the politicians who have returned from the far west report that the people who dwell upon the Pacific slope and even as far east as the Missouri river are now much more interested in the further develop ment of the Pacific commerce than they are in any of the political ques- tions which may be made the issues of the presidential campaign. Captain Dollars experience with his steamship lines upon the Pacific tends to con firm the reports which reach New York of the wonderful increase in our Pacific commerce within the past si ], years.
The Birmingham age-herald., 1920-08-20
Liberty Bonds
Money Market By Associated Press

New York, August 1s.-Mercantile paper, 8. Exchange heavy. Sterling
 60-day bills, $S.54; commercial 60-day bills on banks, s3.54; commercial S0- day bills, $3.5Sla; demand. $3.5SA; ca bles, 3.59. Francs demand, $7,07; ca bles, $7.09. Belgian francs, demand, s7.56; cables, s7.5s. Builders, demand, s32.55; cables. $S2.s5. Lire. demand, s4.59; cables, s461. Marks. demand, s1.97; cables. $1.ss. New York exchange on Montreal, Il 11-16 per cent dis count Government bonds irregular; railroad bonds irregular. Time loans strong; 50 days, 90 days and six months. g.
The Birmingham age-herald., 1920-08-20
SENTIMENT AMONG
 ROFESS|ONALS IS NOW MORE CHEERFUL
improvement Was Popular ly Attributed to More En- couraging Aspects of
 European Situation
By Associated Press

New York. August 19,-Sentiment among l, the professional element on the stock ex- change today was more cheerful the market evincing a distinct inclination to throw off it's protracted spell of depres- sion.
 The better feeling was not accompanied by any pronounced accession of business. Dealings were moderate, except in the final hour, when prices were highest but representative shares, notably standard rails, figured to an unusual extent in the days operations.
 Improvement was properly attributed to the more encouraging aspects of the eastern European situation. The trend Tn that quarter, however. was largely offset by fresh weakness in foreign ex change British bills were almost ten cents under last weeks highest quota tons and concurrent heaviness was shown by remittances to France, Italy, Germany and Scandinavian points.
 Failure thus far of the French govern ment to explain the method by which it intends to pay its share of the Anglo French loan soon to mature here was advanced as the primary reason for the further reversal of exchange.
 In the money market conditions af- fecting time and demand loans were not materially altered, interior banks offered moderate sums for thirty and sixty days and were buyers of commercial paper Contrary to it's course of the two pre- ceding days, call money held throughout at the opening rate of per cent
 Outstanding features of the stock mar ket comprised the motors, oils, steels and equipments, the first two named display ing especial strength at the close. Among the few consistently weak stocks were the sugar issues
 Heaviness of Liberty 31zs and several prominent industrial issues, such as U. s. Rubber and American Smelting con- trfbuted to an irregular bond market Sales Cpar value) aggregated $1o, GOO Old U. s. bonds unchanged on call
The Birmingham age-herald., 1920-08-20
HEFLIN QUOTED ON
 SUFFRAGE VICTORY

Washington, August 19.-fSpecial.)- Senator-elect Heflin of Alabama, hith- erto implacable foe of woman suf- frage. is quoted this afternoon in Will liam R. Hearst's Washington Times as follows:
 "A suffrage victory in Tennessee Is pleasing to everybody, especially to democrats. who wanted to see south ern state take the final step. The Hearst newspapers have done an ex- cellent work in supporting the cause of suffrage throughout long cam paign."
 The statement is included in a mum Der of others from representative men. all of whom praise the pro-suffrage work of the Hearst organs.
The Birmingham age-herald., 1920-08-20
Liverpool Cotton Qv Assncisted Press

Liverpool, August 19-Cotton spot in moderate demand, prices weak; good middling 27,95; fully middling 267O; middling 25.45; low middling 2L65; good ordinary 1920; ordinary l7'2o' Sales 4,000 bales, including S,700 Amer ican. Receipts, 2,000 bales including 800 American. Futures closed barely steady. August 23.00. october 21.4S, January 2920, March 1866. May 1928, July 1893,
The Birmingham age-herald., 1920-08-20
Bank of Germany Bv Assoc i1ted Presa

Berlin, August 19-The statement of the Imperial Bank of Germany for the period ending August shows the fol- lowing changes:
 Total coin and bulletin increased 2360o0 marks.
 Gold increased 5000 marks.
 Treasury notes decreased 225 ,621 marks. Notes of other banks increased 143, 600 marks.
 Bills discounted decreased 3,S5o, ,952 900 marks.
 Advances increased 5,774,000 marks. Investments decreased 2,14 900 marks. Other securities decreased 32,767 900 marks.
 Notes in circulation increased 2s1, ,060, 900 marks.
 Deposits decreased 4,3o5, ,os1 600 marka Other liabilities decreased 91 ,3oS, 900 marks.
 Total gold holdings, 1,os1, ,5s5, 900 barka
The Birmingham age-herald., 1920-08-20

Baltimore & Ohio cv. 4ks.... 64% Bethlehem Steel ref. 5s .. f7& Central of Georgia Con. 5s... 1894 Central Leather 5s ..... 9Ols Chesapeake x Ohio cv. 5s ...... 76l4 Chicago. B. & Quincy joint 4s.. s4
 Chicago. Mil. & St. P. cv. 4iss.. 671s Chicago. R. | X Pac- Ky. ref. 4s.. 65A. City of Paris 6s ........... sos Colorado & Southern ref. 415s... STA Denver & Rio Grande consol Is 6S12 Dominion of Canada 5s U93D.. s6s Erie gen. 4s 59ss Illinois Central ref. 4s .......... 1oA Int. Mer Marine 6s ............ slA5 Kansas City Southern ref. 5s 6oa Liggett & Myers 5s ........... 7S1s Louisville & Nashville un. 4s.... 77A Missouri. Kan. & Texas 1st 4s.. SEA- Missouri Pac gen. 4s............ 525a New York Central deb. 6s .. SS12 Norfolk & Western cv. 6s...... 9s
 Northern Pacific 4s .......... 74I5 Pennsylvania gen. 5s ......,. S3A Reading gen. As ................ I9
 Republic Iron & Steel 5s (1940) s6
 Seaboard Air Line adj. 5s.. 32A st. Louis & San Fran. adj. 6s.... 61i5 Southern Bell Tel. 5s.....-.. S0h Southern Pacific cv. 5s, ...,.... s4H Southern Railway 5s .s...... s2h southern Railway gen. 4s..... 59 Texas & Pacific lst .......... so Union Pacific As ............... so United Kingdom of G. B. 6 I.
 515s (lSSD .......-..--....... S2 U. S. Steel 5s ............. 914 Virginia Carolina Chemical 5s.. s1& Wabash 1st .................... S4 Wilson & Go. cv. 6s............. S3
The Birmingham age-herald., 1920-08-20
Bank of England Qv AsxoeIafad Press

London, August 19-The weekly state ment of the Bank of England shows the following changes:
 Total reserve increases 6g7,0oo pounds; Circulation decreased 6s3oo0 pounds. Bull lion increased f3,0& pounds. Other se- curities increased .3S3 900 pounds. Public deposits increased 115.0o0 pounds. Other deposits decreased 6.SS4,0oo pounds.
 Notes reserve increased 6S5, 900 pounds. Government securities decreased 9,472 900 pounds. The proportion Of the banks reserve to liabilities is 1252 per cent; last week it was 11.G per cent. Rate of dis count, per cent.
The Birmingham age-herald., 1920-08-20
Coffee Market
 au AssAninfaA RHAsa

New York August 19.-The extent of the recent decline seemed to be attract ing a little more demand in the market for coffee futures today, and after open ing points lower to points higher prices sold about i2 to s3 points above last nights closing quotations. This car ried December contracts up from 7.9Sc to Soc, an1 March from s i5c to 9.05c, but most of the demand was attributed to covering. and the advance was checked by reports of further decline at Santos.
 Later fluctuations were irregular, with last prices showing reactions of some 5 to 90 points from the best hut net ad- vance of to B points. September, 7.37c; October, 7.5Sc December, S.10c; January. S.26c; March. S.57c; May. s.70c; July. SS0c
 Spot coffee dull; Rio Is. s1sGs14c; Santos 4s, 14l44l5c. Cost and freight offers were lower, including Santos As at 13. 20c and Rio IS at : 55c to 7.65c, American credits.
 The official cable reported decline of $50 reis in the Rio market. and the early cable quoted Santos further un- changed to 225 res lower with later ad- vices showing a decline of l25 to Z5 reis. Rio exchange on London, hd lower and the dollar buying rate 70 reis higher. Santos cleared 27.500 for New York and Victoria, sc00 for New Orleans. Brazilian port receipts. 5I,000: Jundiahy receipts. 8, 600.
The Birmingham age-herald., 1920-08-20
Interior Movement

Houston: Mddling, 31. soc; receipts 5799 shipments, S,556; sales, S,1Sl; stock 192. .7S2.
 Memphis: Middling. $5c; receipts, 1,265; shipments. 1901; stock, 26973S,
 Augusta: Midding, 25S5Oc; receipts, 56S; shipments, ,S37; sales 542; stock, 46,553.
 St. Louis: Middling. 96 SOC; receipts, b; shipments, ,2s6; stock, 127S0.
 Little Rock: Midlling, Sic shipments %; sales, 9; stock, 15,55o.
 Total today Receipts, S.135; shipments S046; stock 537397.
The Birmingham age-herald., 1920-08-20

THO to 22:50 cents for fine granulated- There is still considerable cancellation going on and secondhand sugars are offered below the lowest quotation of re- liners, while the demand is still light.
 The decline in raws and the unsatis- factory situation in refined led to fur ther selling in sugar futures and aside from January. which was unchanged. prices were lower, closing at fifteen to forty-three points net decline, with neaer months showing the greatest loss.
The Birmingham age-herald., 1920-08-20
Dry Goods Market

New York, August 19.-Trade on the dry goods market continued light today with further low-priced offerings on cotton goods made from secondhand stock. Joo- bers reported light business with yarns easier than yesterday, raw silk quiet and easy and woolen goods dull Burlaps continued steady during the day.
The Birmingham age-herald., 1920-08-20
MARINE NEWS

Mobile, August 19.--Arrived: Texi- co. Port Arthur.
 Sailed: Kerhonkson, Rio Janeiro; Tuscan, Havana; Tokofuku Maru (Jap- anese), Yokohama; Eastern Sun, New Orleans; schooner LaGuna. Gulfport Miss.
 New Orleans August 1s.-C1eared: Augusta CHonduran). Omoa, via Port Cortez; Bloomfield British Havre: Coppename, Port Barrios, via Belize; Fl Rio, New York; Heinan Maru tJap- anese). Mobile, Inranta Isabel (Span- ish). Barcelona. via Santander. Cadiz and Havana Kenbane Head (British), Dublin and Cork Lake Fisher, Havana Marinula (British), Tampico; Menapier CBelgian), Antwerp; Preussen (British), Avonmouth; Sagua (British). Havana
 Port Eads, La, August 1s.--Ar-- rived, Eastern Sun, Mobile; Golaa (Norwegian), Europe; Inspector. Cien@- fuegos; Lake Crescent. Santo Donin- go; Lumina (British). Europe; Mailman gar Norwegian, Europe; Malmangar (Norwegian). Havre; Musician (Brit- ish), Liverpool via West Indies: Will liam Isom. Tampico; schooner Edward Smith. Mexico.
 Sailed: Edward L. Doheny, Jr.. Tam pico; J. Oswald Boyd (British), Nuevi- tas. Cuba; Lake Callcoon, Galveston; Nola, Progreso West Hampton, Liver pool and Manchester, via Norfolk.
The Birmingham age-herald., 1920-08-20
Hubbard Bros. A. Co.

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 lSeral terms given for eon- signment of spot cotton for delivery. Cor
The Birmingham age-herald., 1920-08-20
Corona Postmaster Named

Washington, August o.-tSpecial)- President Wilson today announced the recess appointment of Julius E. Smith to be postmaster at Corona.
The Birmingham age-herald., 1920-08-20
Chicago Futures By Associated PresA
Cash Grain By Associated Press

By Associated Press Chicago, August 19-Cash wheat No. 2 red s25SA @25s; No. 2 hard $2.56h @2.59h. Corn, No. 2 mixed, s1.5els @15s; No. ? yellow, 1.5S@1.59. Oats. No. 2 white, 71A @72h; No. 3 white, 6sh @70Ac Rye, No. ?, S2.02@ 2.o3h. Barley, $1.o2@11s Timothy seed, $s@11. Clover seed, $25@30. Pork nominal. Lard. $1s.22. Ribs. $14 @15.25.
 St Louis, August 19-Cash wheat, No. red winter, s154@1.5s No. 3 red winter, s2.56: December, $2.37h; March, 32.40.
 Corn, No. yellow. s1.6s; No. yell low. sl.s5a 2.6s; September. sl.4sh; December. s1.211a.
 Oats, No. white. 72hc; No. white, I # @12c; September, ssAc; Decem- Der, 6sAc.
 Kansas City, August 1s.-Cash wheat unchanged to Sc lower; No. 1 hard. s2.5o@2.s2; No ?. s2.4o@2.ss; No. red, $2.52; No. ?. s2.5o@2.52. Corn 1c to 1oc lower; No. mixed. S1.55@15s No. white. $1.55; No. yellow. s1.s2@164.
 Oats unchanged to % lower; No. ? ''--e~r '~g " = fz NV HilAcu ooW tvt
 Produce
 By Associated Press
 Chicago August 19.-Butter un- changed. Eggs unchanged Poultry, alive, unsettled. fowls, 2s@35c; springs, are.
 New York, August 19.-Butter firm; creamery firsts. 51@52hc. Eggs firm. fresh gathered firsts. 49G 53c. Cheese steady; average run. 26d26hc.
 Potatoes
 By Associated Press Chicago, H.. August 19.-Potatoes: Receipts. eight cars; market weak; Virginia cobblers. 4.00d440 per bar rel Jersey. sacked 2.s09275 per cwt. Minnesota Early Ohios, 2.4092.50.
 Rice Market
 0y Asseeiatsd Prsse New Orleans. August 19.-Rough rice receipts. 6.0SS sacks, millers. 915. Sales 79s Honduras at 6.60@7.S5. s83 Caro- lima at 7.50@s.0o.
 Clean rice, no receipts. Sales 1,012 Blue Rose at 4h @sN; HOO Early Prolific at 3 cents.
 
 The existence of the American" or bald eagle is threatened. owing to prejudice and ignorance concerning the bird which exists in Alaska
The Birmingham age-herald., 1920-08-20
Cotton Seed Oil

New York, August 19.-Liquidation on the break in lard and cotton carried cot ton seed oil lower today. Closing prices were 12 to % points net lower. The cen sus report on the crush and stocks was bearish, the amount of refined oil on hand being about twice that of a year ago. Prime crude nominal. Prime summer yellow spot. $11 .75d13 September. $12.1s; December, $12.7s; March, $13, Prime winter yellow and summer white, nominal.
The Birmingham age-herald., 1920-08-20
New Orleans Futures

New orleans. August i9.--The cotton market closed steady at declines Of 9S to go points net.
The Birmingham age-herald., 1920-08-20
Sugar Market By Associated Prsss

New York, August 19-The deadlock which has existed in the local raw sugar market for the past few days was finally broken today when a local refiner en- tered the market and purchased S.0O0 bags of Cubas at II cents cost and freight, and some odd lots of full duty sugars at 10z cents, eff.
 This represents a decline of full cent pound from the last previous sale of cubas and it was understood that further business was done on the same basis. al- though details were lacking
 The market closed at II cents for Cubas. cost and freight. equal to 12.A cents for centrifugal.
 There was nothing new in the refined situation and prices were unchanged at
The Birmingham age-herald., 1920-08-20
Louisville Live Stock
Spot Coffee

BY Nssociated PfesS New York, August 19.-Spot coffee. 5 3-16c.