davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1920-08-26
FLUCTUATIONS IN
 COTTON VIOLENT
 IN N. '. MARKET
At the Close the General List Was Steady at a Net Decline of 15 to
 90 Points
By Associated Press

New York, August 25.-There were violent fluctuations in the cotton mar ket today Yesterdays big rally was followed by break of over cent a pound, but the tendency to cover short contracts In advance of the govern ment report again showed itself in the late trading and there were sub stantial recoveries. December con tracts sold off from 26.10c to 24.S0c and closed at 25.57c. with the general list closing steady at a net decline of 15 to 50 points.
 The market opened barely steady al unchanged prices to a decline of Ia points There were some overnight buying orders around the ring, and moderate demand encouraged by steadier Liverpool cables. It was soon Supplied, however. and the market sod S7 to SS points lower during the mid ale of the morning on bearish priVate September figures, reports of better weather in the south and persistent selling for southern account. Rallies followed and there was little buying
 on unfavorable features in the week
 ly report of the weather bureau, but the southern selling continued and the market weakened again during the
 early afternoon. october sold off from 27.40c to 26.25c and January from
 25.3Sc to 24.O2c. making net decline of 105 to 136> points. This proved suf- ficient to bring in renewed covering, in- which Wall street and local trad l. | CTS were particularly active. and last prices showed rallies of so to 100 points from the lowest. The first of the private end-August reports was published this morning by one of the local authorities, placing the condition at 70.9, compared with 75.S month ago. and the indicated crop at 1S,4Oo, 00o bales, or nearly 900,000 bales over the last government forecast. There were rumors of southern report mak ing the condition 722, which would | indicate much less than the ten-year average deteriora tion for August.
The Birmingham age-herald., 1920-08-26
WALL STREET GOES
 INTO NEW HIGHER
 GROUND YESTERDAY
Call Money Evinced a High CT Trend, Demand Loans Rising to 8 Per Cent
 in Final Hour
By Associated Press

New York, August 25.-The stock mar ket today broke into new higher ground. Higher money and the temptation to taxe profits proved paramount in the later dealings. however, an irregular to heavy tone ruling at the closeA
 Developments overnight and in the courseAof the day offered ground for en- couragement, particularly the marked im- provement in the military and political status of affairs in eastern Europe
 Better conditions also prevailed in the international credit situation. Rates on London rallied about 4c to the pourd when pressure of bills to that center relaxed. with consequent ease of cont mental rates, notaoly French, Belgian, German and Italian quotations, the Dutch rate proving an exception.
 For the first time this week call money Nevinced higher trend, demand loans rising to per >cent in the final hour after having been in free supply at the usual per cent rate.
 Additional time funds for short periods were available at an average of sZ per cent.
 Mixed industrial conditions were report ed by authorities, the Iron Age referring to the unwieldy accumulation of thrilled orders In the trade unusual interest at taches to the price policy of the United States Steel Corporation for 1921 from which much future business appears to be predicted.
 Motors and their subsidiaries and also the leading oils comprised the onfy cons sistently backward stocks, the Bethlehem Motor receivership provoking pressure in that and affiliated issues. Rails and shippings were most stable, the latter responding to prospects of higher freight rates.
 Moderate buying of investment rails ana the further irregularity of Liberty and in- ternationai issues were the only features of the more active bond market. Total sales. par value. aggre gatedss9, 200, ,000 Old United States bonds were unchanged on call.
The Birmingham age-herald., 1920-08-26

New York. August 25.-There was some further liquidation of September m the market for coffee futures at the opening today, but otherwise. little pres sure and prices did better on reports oi a firmer tone in Brazil The openihs was eight points lower on September, while other months were unchanged 10 seven pointa Agher and after seillng ae 7 45c at the start September raiheo "iln later monthss That delivery sold up 10 7.Soc while December advanced to s.65c' after receipts of special cables showing an advance in Santos and closing at about the best of the day, showing net gains of eleven to thirty-four points, Sep tember 7S0c: October S.G7c, December se0c: January S7se, March 9.15c; May 9.s5c. July s.5oc
 spot coffee dull Rio 7s sAc; Santos As l414Ml51zc
 Cost and freight offers were irregular, but said to average slightly higher. They Included Rio 7s at S-4oc,< American credits.
 The official cables reported decline of POO reis at Rio. which seemed to have been anticipated insthe local market.
 The early cable showed Santos futures 100 reis lower to 50 reis higher. with later cables Reporting an advance of I5 to 2zl reis. Brazilian port receipts 60,009: Jun diahy receipts 39,00
 santos cleared 47.3o0 for New Orleans. The dollar buying rate was unchanged al Rio exchange on London lsd.lower
The Birmingham age-herald., 1920-08-26
MARINE NEWS
BY Assoslats4 Prsss


 Mobile. August 25.-Arrived: Calno. Adrossan. Wales; Western Ocean. Pen- sacola.
 Sailed: Lake Lasang. Havana.
 New Orleans August 25.-Cleared: Ber- mini (Br), New York; Creole. New York; Fagernes Otal), Genoa via Barcelona. Havana, Brogreso, Puerto Mexico, Vera Cruz and Galveston.
 Lake Candeleria. Mobile; Lake Gorin, Antila and Cuban ports; Lake Larga, Tampa; Montoso, Porto Rico; Musician CBr). Liverpool; Parismlna, Bocas Del Toro via Swan Island and Christobal; Stolherg fBr), London.
 Port Eads. August 25.-Arrived: Chan. cellor (BrD, Liverpool: Elma New York; Fueloil, Tampico; George c. Henry, Fampico; Godoesund (Norl. Cuba; Hibue ras (HondJ. Bluefields, Holden Evans, Tampico; Imperator (NorD, Tela; Sile (Br), Europe: Wallkill, Palermo
 Sailed: Avondale. Tampico; Eastern Moon. Hull. England; Ellenia Utal.|. Italy via Gibraltar; Indore (3r), London via Hull; Lake Singara, Galveston; Liam .gollen (Br), Manchester via Newport News; Luminia (Brl. Havre and Rouen; Neptune, Frontera via Vera Cruz; Ire meadow (BrD, Antwerp.
The Birmingham age-herald., 1920-08-26
Liberty Bonds
Money Market
 By Associated Press

New York, August 25.-Mereantile paper 8 per cent; exchange irregular, Sterling so-day bills s355; demand s3.57A; cables 3.5S12. Francs, demand ITO; cables TIP. Belgian francs, demand 7.62; cables 7.64. Builders, demand 31.25 cables 3l50. Lire, demand 463; cables 4.65. Marks, demand 204 cables 2.O5. New York exchange on Montreal 1115-18 per cent discount. Gov ernment bonds firm; railroad bonds firm. Time loans strong; 60 days, 90 days and six months s14@S%c per cent; ruling rate ' per cent; bank acceptances 6A per cent.
 Bar silver, domestic 991kc: foreign 97c; Mexican dollars 74Ac.
The Birmingham age-herald., 1920-08-26
CEREAL PRICES
 ALL TAKE A DIP
 AFTER EARLY BULGE
Houses With Seaboard Connections Bought Wheat Futures Rather
 Freely in Chicago Pit

Chicago. August 25.--Cereal prices broke today after an early bulge, due to falling off of buying demand. At the finish wheat was 1hc to % higher, with December s2.33A to s2.831a and March $2.301a. Corn was off Ac to 2Ac; oats ranged from 5s c lower to Ac higher, and provisions were un- changed to 12hc below yesterdays close.
 Houses with seaboard connections bought wheat futures rather freely and there was much exchange of these for cash grain. indicating export sales. News was more bullish than of late. The market started strong. but later there was considerable profit taking. and the undertone became easier.
 Buying demand for corn petered out after the opening.
 Commission houses sold freely on the advance. and while the news factors were about the same as yesterday, there was shortage of buying orders. The federal reserve bank statement was regarded as bearish, as it said indications were for larger production of all grains, except wheat, than a year ago.
 The greatest obstacle to the farmer. 1t continued is inadequate transpor- tation facilities. There was some buy ing to forestall the advance in freight rates whi2h become effective tomor- row.
 Oats acted firm good part of the day. holding within comparatively marrow limits. and there was some buying by a strong commission house.
 Provisions were weaker and lower. due to liquidation by September longs Strength in grains caused a fair rally, but the undertone, was not strong.
The Birmingham age-herald., 1920-08-26
WHATOUR SHIPS
 RE DOING

The United States lost during the civil war and afterward almost all of our became carrying foreign commerce. al- though, few years earlier our merchant marine was found upon every sea and our flag unen tha masts of our ships n almost every market; in 1914 the ocean, borne commerce in American vessels was not above 10 per cent of the world com merce Now if we take the month of May for illustrate on 50 per cent of water. borne foreign commerce carrying imports and 45 per cent of our exports were car ried in American vessels
 If this almost equality in ocean-borne commerce in American ships is continued, then England will be compelled to rely upon something else than freight and in surance for aid in enabling her to Haul l. date the debt which she owes to the United States.
 (Copyright, 1920, by the Mcclure News
 paper Syndicate)
The Birmingham age-herald., 1920-08-26
HOW LONG A LIFE
 SHOULD THEY HAVE?

Of course, one of the questions which will be raised will be answered when the serm of these bonds Is agreed upon Some who have given study to the subject and who approve of the plan, are of the opln- ion that the bonds should run for fifty years, and bear at least per cent ir- terest If terms of this kind be agreed .o' then the bonds would approach in char acter and security valut the English course.
 The United States in addition to the other credits which it is gaining rrvtn international trade and from the financing of new foreign propositions is es- tablishing each year credit of not far
The Birmingham age-herald., 1920-08-26
Cotton Seed Oil

New York, August 25.--Cottonseed oil lacked feature today and was little lower owing to the depressbn in lard and continued dullness in trade circles october closed 5 points higher and other positions 1 to 6 points net lower. Sales 300 barrels; prime crude nominal; prime summer yellow, spot 1175c bid; Septem- Der closed 1lSoc bid; December l2.7Sc; March 13 15c
The Birmingham age-herald., 1920-08-26
Liverpool Cotton

Liverpool, August 25.-Cotton; spot dull' prices irregular; good middling 253Se' fullv middling. 2323c; mddling. 2. 2.5Sc,. low middling, 1S7Sc; good ordinary, 15. 33c ordinary, 14SSe. Sales, 5000 bales, including 2,G0o American, Receipts lo'oVV bales, including 1000 American. Futures closed weak and irregular. August, 2o,lVe' october 1926c; January 1s.46c; March 14c; May, 17.74c July, 17,39c.
The Birmingham age-herald., 1920-08-26
Metal Market
 8v Associated Press

New York, August 25.-Copper steady: eiectrolytic spot and third quarter 19c. Iron steady: prices unchanged. Tin easier spot and nearby s45.50: futures $46.25. An timony SIPS. Lead easier; spot 300 ae. fz1b, Zinc steady: East St. Louis de- livery. spot sS.0o&S.l5. At London spot copper ss4 7s Cd; futures e95 17s sd: electro,ytie spot f1ll: futures f117; tin spot a26s 15s; futures f26s 15s; lead. spot fs5 15s; futures 93s; zinc, spot -; fu- lures efl los.
The Birmingham age-herald., 1920-08-26
Daily Financial Gossip
By HOLLAND

New York, AuguFt 25.-(SpeeiaL)-Ap parently not much time was required for the New York Central Railroad Company to perfect negotiations with a syndicate whereby S2t, ,e00, coo of gold bonds were uu- derwritten for it is only few days since reports were in circulation that this rai- road company was seeking to market d large block of bonds. IL is observed that these bonds call for no more than per cent interest. That may be due to the nigh credit standing of the company, also to the gilt edge collateral which is offered as security The bonds have life of ten years, but the comTsny may redeem them at any time by paylng 105 per cent and accrude interest
 Other railroad corporations and some industriais are wiling to pay as high as g per cent interest. High-grade secur- ities provided the rate of interest is tempting and the security excellent has been well demonstrated If served to ent- phasize the probability that if the proper legislation or agreement can be secured whereby the debt waich the allied govern ments, priHcipallv England and France. owe to tEc United states approXimateiy S10 600, COG, ,000 can be funded into Ions time obligations bearing satisfactory rate of interest, these bonds will be ab sorbed by the public. For as it has been demonstrated that tpe New fork central, the Armour Company, the General Motors and the Swiss government and others have succeeded in rersuading the public to absorp large amounts of securities. some of the offerings having been over subscribed, there seems to be reason for the belief that if this allied debt can be funded into longtime bonds and then of fered to the American public, the time will not be long before It's complete absorp- tion by savings banks, insurance com panies and the trustees by large funds. And in addition men of great wealth who have large funis to invest will also be tempted to put aside some of their sur plus capital into these bonds.
The Birmingham age-herald., 1920-08-26
Hubbard Bros. & Co.

York Members New York Cotton Exchange
 New Orleans Cotton Exchange. New York produce Exchange. Associated Members Lia. .rpool Cotton Association Orders solicited for She purchase and sale of Cotton and Cotton Seed Oil for future delivery, Special
 attention and leerai terms given for con- alignment of spot cotton for delivery. Cor
The Birmingham age-herald., 1920-08-26
Important Question

From the kansas Clty Star.
 We understand what course the govern ment sleuths will take when they find man with. whisky on his breath, bur what about c1ove hints. which are so often sold you by mistake for pepper mipts2
The Birmingham age-herald., 1920-08-26
Modesty of the Great

From The Bosotn Transcript.
 .Its good thing we can't see our selves as others see us, someone re- m arked to Whistler
 Isn't it. though?" replied the artist. 1T know in my own case I should grow irtolerably conceited." "
The Birmingham age-herald., 1920-08-26
Naval Stores HL AAkAnIafln Ernsa

Savannah, Ga. August 25.-Turpentine. steady at $l.40,4; sales 100; receipts 4i7; shipments 419; stock 9.727. Rosin firm; sales lS5; receipts l,242; shipments 2,4O4; stock il .S5S Quote: B, l.. E. F, G. H. I, K, NJ, N. VIC, wv, $iS.00a1S15
The Birmingham age-herald., 1920-08-26

Jacksonville, Fla, August 25.-Turpen- tine firm Sl ,4o14 4912; sales. 3o. recelpts. 40; shipments, 296; stock 10,542. Rosin steady; sales. l,999; receipts. 1,0el \ shtp- ments. 900: stock, Gg 257. Quote: B, s12. b, ID. slSa13.o5: E. F. (. slS.O5@1s.10: H. l. K M, SlSul3. .10 x. slS05d13. 10; ", C, SIS 05q13 10; W w., s13. .05d13. l5
The Birmingham age-herald., 1920-08-26
Chicago Futures
Produce pN Asxaeiafad preas

Produce
 By Associated Press New York, August 25.-Butter firm; creamery firsts, 5114n56cA. Eggsfirm; fresh gathered firsts, 53@5j,. Cheese steady; average run, 26kdIZ11sc. Live poultry steady; broilers by express, 36641c; dressed steady; western broilsrs, fresh. 4005Se other quotations un- changed.
 Chicago, August 25.-Butter higher; creamery. 44QJ6c Eggs higher; firsts. 4s@49c. Poultry. alive. lower; fowls. 2s933c. springs, 35c.
 St. Louis. August 25.-Poultry. springs, 31c; others unchanged. Butter unchanged.
The Birmingham age-herald., 1920-08-26
New Orleans Futures
Spot Cotton

New Orleans, August 25.-Spot cotton quiet and unchanged. Sales on the spot,
The Birmingham age-herald., 1920-08-26
Interior Movement

Houston: Middling, 2975c; receipts S.6O2; shipments, 2,539; sales S'524; stock. 204.711.
 Memphis: Middlng S4.5o; receipts sos: shipments 6s4; sales, 200; stock 263.625.
 Augusta: Middling, 32c shipments l0o sales, 797; stock, A. 955.
 St. Louis, Middling 34.50; receipts, 499: shipments, 1,260; stock 11,667.
 Little Rock: Middling, S2c; receipts, 2s; shipments, 97; sales, 97; stock 15,414.
 Total today: Receipts. 4,637; ship ments, 4,6S0: stock. 539,672.
The Birmingham age-herald., 1920-08-26
Port Movement

New York. August 25.-spot cotton quiet; middling assoc.
 Port Movement
 New Orleans; Middling. 31.50c; re- ceipts. 1.56S: exports. 1.15o; sales, l9o' stock, 2O6.54s
 Galveston: Middiing, S1e; receipts 4,377: sales. s21; stock. Ill. Mobile: Middling. Sl.50c; stock. 2,227. Savannah: Mddling. soc; receipts 1,O53: exports, s.252; stock. 53,3s4. Charleston: Middling. S5e; receipts. 21; stock. 221.546. - Wilmington: Stock. 2705S.
 Texas City; Stock. 49o4.
 Norfolk; Middling. 32.5Oc; stock, 24.414
 Baltimore: stock. SS2O,
 Boston: Middling, 3S.50c: stock, 11,sOO. Philadelphia: Middling, S3.15c; re- ceipts. 50; stock, 5544.
 New York; Midding, S35Oc; exports $50; sales, 2,200; stock, 3S.012.
 Minor ports: Stock 1S9o.
 Total today Receipts, 7,069; exports, 5,232; stock. 707,962.
 Total for week; Receipts, 2S,79O; ex- ports, S,213.
 Total for season Receipts, 1oS,15S exports, 110,2fs.
The Birmingham age-herald., 1920-08-26
New York Futures

New York, August 25.-The cotton market closed steady.
The Birmingham age-herald., 1920-08-26

lso bales; to arrive, none. Low middlms 20.75c: middling 31.50c; good middlng S475c Receipts 1,56s stock 206549.
 New York. August 25.-spot cotton quiet; middling assoc
The Birmingham age-herald., 1920-08-26
American Cotton & G-ain Excn1nge
 Qv Asso

New York, August 25.-Cotton fu- lures ranged as follows today:
The Birmingham age-herald., 1920-08-26

from half a billion dollars. which is the
 interest on the loans already made to Eu- ropean nations.
 Should there be no funding of this in-
 debtedness of the allies, then the only
 manner in which they can pay the Inter est will be by selling their commodities lO us or by insurance and freight For a long time to come no gold can be spared by European countries except possibly
 that which-is necessary to liquldate the
 loan of $500 O00O.000 to England and France
 Jointly. which is to become due in De- tober of this year.
 AMERICAN EFFORTS The Guaranty Trust Company of New York has recently obtained some figures which on the face of them are rather startling, for they report that nearly s70, 000,O00 of American exports did not find the expected market os~else there were cancellations of contract for reasons which are not understood in this country. AUTOMOBILES COMING BACK A few days ago report was made m this column which told of the magnitude of the export of American automobiles At the time this report was written 1t was not known that some of these automo- piles were sent back. The estimate IS that nearly $7.0o0.0 .090 worth of automobiles which were>exported have been returned
 It Is possible. of course, that the ex-
 change situation may have caused in some measures this change.
 Even though nearly S7,0o000o worth of automobiles which were exported have been returned, nevertheless worldwide market for the American car Is open, and Tour export of motors will continue to
The Birmingham age-herald., 1920-08-26
Shot Coffee
Coffee Market By Associated Press

New York, August 25.-Spot coffee sAf
The Birmingham age-herald., 1920-08-26
Potatoes

Chicago. August 25.-Potatoes; receipts s5 cars; market steady; eastern cobblers rt
The Birmingham age-herald., 1920-08-26
Cash Grain Qv Associafed PraSs

Chicago, August 25.--Cash wheat: No. red. g. 55@2 56; No. 2 hard, B. .55al2 .541s. Corn No. mixed. sl .63li1 .65; No. vel low. sl.6S Oats: No. white 70s4n7l4c. Rye: No. ?, z. 021zel2 .o3. Barley. s1 l2Gf Ills.
 St. Louis, August 25.-Wheat: No. . white. s2.5s; No. red winter, P Cash corn, No ?, s1 63. Oats. No. B. 701a97lc.-
The Birmingham age-herald., 1920-08-26
Rice Market

New Orleans. August 25.-Rough rice dull: sales, Carolina, 812 sacks, ss.6546S0; receipts, 15,6S6: millers receipts. $50
 Clean rice steady; sales. Honduras. 2,s3s pockets. 313M10Hc: Blue Rose. o.991 pockets, 41sdsc: Carolina. 5eo pockets Hz@10c.
Perth Amboy evening news., 1920-04-22

suited in a big reduction Of the cleri-
cal force required to handle govern
ment Insurance. When r.. @. Chol-
meley-Jones. a former lieutenant coli
onel overseas. took charge of the
bureau last summer there were H.
600 employees there. and the number
is now about 5000.
II congress and the department
officials were surprised at the mum
Der that took out government insuT-
ance. they probably were disappoint-
ed at the number hat failed 10 con-
tinue their policies in force after
leaving the service. only about 90
per cent. having retained their insur-
ance one year after rehabilitation
began. For that "a liberal terms
Of reinstatement of iapsed policies
were arranged and reinstatements
are still being made very rapidly.
The latest ruling of Secretary Hous-
ton of the Treasury Department is
that any war risk insurance policy.
no matter how long 1t has lapsed,
may be reinstated before July /. next,
on the payment of but two monthly
premiums.
Perth Amboy evening news., 1920-04-22
War Risk Insurance Act
Amendments Clear Up Doubt

value. loan value. and paid-up value
OF the service mans investment with
the government
When the original war risk insur-
ance act was passed by congress in
1917 it was not the expectation that
the government would go into the in
surance business on a permanent
basis. Insurance was sold to the
majority of the service men with the
understanding that after the var they
would ave five years In which to
convert their temporary policies into
some permanent policy with an old
line company, under liberal terms ar
ranged by the government. But with
the close of hostilities it appeared Ia
congress that the interests of the
men would best he conserved by a
continuation of the government serV-
Ice, and the original act was amend
ed to make that possible.
The principal reason for this
change was the almost unanimous
acceptance of government insurance
by the soldiers. Members of congress
and officials of the Treasury Depart
ment who framed the original act
hoped that at least twenty-five pei
cen OF the service men would take
out government insurance. But when
mobilization started there were al
most ninety per cent. Of the men who
asked for insurance, and that de-
! mand swamped the new bureau with
tidal wave of business that it has
taken two years TO st~raighten out.
The nineteen leading life insurance
companies of America now carry
policies totaling less than $4,000, 600
Perth Amboy evening news., 1920-04-22

Marshal street. Paterson. who charges
hat Sodcn. who is best known as
"Gravey" has eloped from his home
in Paterson and taken Mrs. Ruby
tDooley. wife OF the man who makes
the charge, II they will report same.
Marshal Fillhower received word
from Dooley. saving that Soden desert
ed a wife and three mail children on
April 18th, and that his wife disap-
pesred on The same date and that he
supposes that she is with Soden.
Soden has not lived at Jamesburg
for some time. but several OF his rela-
lives still reside at Jamesburg and
Dooley said he might head this way.