davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1920-02-07
$. K. Stewart & Co.'S etter
 Rv AeSnesaAsd pr...

Advices from Liverpool this morning were unfavorable to the cotton market on this side. With a stock of 10000 bales of cotton in Liverpool and the Lam cashfre mills having three weeks supply in their warehouses, spinners there seem to be in a position to adopt a waiting policy.
 After a lower opening here of about 9 points on a bearish construction of the conditions abroad, buying on the misead- Ing appearance of a subsequent advance In the Liverpool market. rallied prices sharply, running them up about 60 points but as soon as it was realized that the advance in Liverpool and the steadier tone in exchange rates was on the bearish reason of the stopping of foreign demand the market again weakened, and although or1Nes were made in an effort to start shorts to cover, the support was not sui ttcient to overcome what is termed ''sur- rounding conditions, and the market softened Wi.h reports of small business in suots at declining prices a wave of selling set in which held the market around the low levels up to near the noon hour The weekend statistics were mixed, inasmuch as mill takings were buliish, the into-sight was the contrary
 Outside influences overshadow the cot ton market as proposition by itself, and unless they improve lower prices would not be surprising. If the absence of ex- port demand continues it is probable that the pressure on this side will be snlfted from the actual to the contract market-S, R. Stewart & Co
The Birmingham age-herald., 1920-02-07
TALK OF CANADIAN OATS P ITS BEARS
 IN CHARGE OF PIT
Oats and Corn Both Went Off for Good Losses, While Provisions
 Down 7c to soc on the Day
By Associated Pres,


 Chicago, February 6.-Talk of inn portation of oats from Canada had a bearish effect today on the grain mar kets here. Corn closed nervous at the same as yesterdays finish to 1b lower with May s1.so& to s1.sos and July $I277s to si.271z. Oats lost IS to IA net, and provisions to 50 cents.
 Depreciation of Canadian exchange makes circumstances such as to bring about attractive offerings from Win nipeg of 500.o00 bushels of oats deliv- cred at Chicago or Buffalo. duty paid Winnipeg and seaboard connections were heavy sellers of oats here Until these facts had become generally known. the corn market showed com parative strength today, but afterward prices declined under pressure of liquidation and short selling. A fur ther bearish influence was talked that Minneapolis mills would shut Cown be- cause of inability to obtain cars in which to ship flour The early strength of the corn market was ascribed to 4 rally in European exchange and to up- turns in the value of hogs.
 Possibility of large amounts of Can adian oats being available here for delivery on May contracts put the bulls in the oats market at an unusual dis advantage.
 Provisions weakened with grain, not withstanding higher quotations on hogs Lard offerings, though, were relatively scarce.
The Birmingham age-herald., 1920-02-07

Chi, R. !. Pae. Ky. ref. As ... 63-s City of Paris 6s .............., 90 Colo. Southern ref. 45ks, bid. 501s Denver & Rio Grande cons. 4s g. Dom. of Canada 5s 193D. bid... 9l5a Erie gen. As Standardization. Ss1s illinois Central ref. 4s. bid ...... 7o5a Int Mer.
 Marine 6s S91s Kansas City Southern ref. 5s ~ se Iiggett & Myers 5s, bld ...... S5iA Louisville x Nashville un. 4s ~ S05s Missouri K. & T. 1st 4s, bid .4. STA Missouri Pacific gen. As .... 55 New York Central deb. 6s .. s1is Norfolk & Western cv 6s ..,.. 101 Northern Pacific Is .... n Pennsylvania gen. IS ........ sSS Reading gen. 4s ......... 79f Republic I. & $. 5s (ia40) . 92 St, Louis & San Fran. adj. 6s 57ls Seaboard Air Line adj. 5s . S2 Southern Bell Tel. 5s .......-. 9Sh southern Pacific cv. 5s ....-.. s91s Southern Railway IS, bid ....... sSss Southern Railway gen As ...... 56 Texas Company cv. 6s ...,...... l02 Texas X Pacific 1st, bid ...... S21s Union Pacific As ...s.........N Stss United Kingdom of Great Britain
 and Ireland 5 hs (19S7) ....N. SC U. S. Steel 5s ..,........~..... es1k Yirginia-Carolina Chemical 5s. 9S1s Wabash 1st ................... S7& Wilson 4 Co. cv. 6s -.-........ 92N
The Birmingham age-herald., 1920-02-07
WALL STREET TAXES ON NEW LIFE ON THE CHANCE SITUATION
Loans Drop In Final Hour to 10 Per Cent and En-
 tire List Shot Upward
By Associated Press


 New York, February 6,-Business on the Stock Exchange today was characterized by a succession of the most amazing movements in the recent history of the institution.
 Beginning half an hour later than usual because of the tie-up of local and suburb ar traffic, caused by the storm, the market opened at gains of to points for many of the better known issues, the rally being based largely on further bet terments shown by rorefgn exchange.
 Much of the early rise resulted frorn short covering, and as soon as that move ment had run it's course leaders prompt 1y reacted. By midday when call money ruled at r per cent, pressure of pro- fessonal character was resumed, all early gains being replaced by extreme losses of 5 to r points in speculative is- sues, and to among more stable shares.
 sWhen it became evident in the final hour that the usual Friday demand for all money over the weekend would not ma terialize, loans fell by rapid stages to 10 per cent, and the entire list shot briskly upward.
 Stocks that featured the acute depres- sion of the mid-session, such as General Motors, Crucible Steer, equipments, oils American Woolen and shippings, rallied with such celerity as to indicate that the recovery derived much of it's impetus from the shorts.
 Rails, which suffered less than indus trials, displayed little resliency, how ever, and failed to keep pace with the final rally. General Motors reduced its gross decline of F points to a net of { points, with actual gains for some of the prominent steels and equipments.
 Bonds were heavy as stocks were raii- ing, but retrieved much of their loss when buying of Liberty and Victory issues re- stored recent losses Other domestic is- sues were irregular with internationals. Sales, par value, aggregated Sl3,675, 900. Old U. 5. bonds were unchanged on call
The Birmingham age-herald., 1920-02-07
New York Futures Ry Associated Pross
BY N10t'Hsu FF0s' l - New York February 6.-Cotton
New Orleans Cotton

New Orleans, February 6.-During the greater part of the session in cotton to- day prices were depressed as the result of continued talk of restricted exports owing to the foreign exchange situation but when sterling showed strength cot
 ton bulged strongly, and at one time was sa to 45 points over the closing quo@- tions of yesterday The close, however,
 showed net losses for the day of to
 points, m Around the opening prices were to !" points lower, but the advance in stering exchange caused excited buying. the m itiaI decline was wiped out, and hnaliy' around the middle of the morning the market reached it's highest. As steriins fell off from it's early high bent selling
 of cotton increased, and in the early alt ernoon the market was at it's lowest, net |lesses of 22 to 34 points. March tradea as high as as 05c and as low as 8 S5c ana closed at 35 .5oc, which compared wtn
 inc closing price on middling spots or
 x. Bc. Spot quotations were revised, all tenderabie grades being lowered 50 poinlss hut differences between (tenderapie
 grades were not changed.
The Birmingham age-herald., 1920-02-07

for week, 5000; same seven days last year, 54ooo; for season, 1899 GOO: to same date last year, 461 600
 statement of spinners' takings of Amer can cotton throughout the world: This week, ZetVo; save seven days last year. sO'ooo; same seven days year before, i9O,- OW; total since August 1, S,649,OoO; same date last year 526, ,oOo; same date year before, 7.4l70oo
 Statement of worlds visible supply: to- tai visible this week, 6. 107 900: last week. 6,O72,oo; same date last year, D. l0S. 900; same date year before. 4,i500oo.
 or this the total American this week 4.Ss0, 900; last week 4527, ,000 last year S,5so. 900; year before S15s.00o
 All other kinds this weei ,527 00O: last week, 1545,Oo0; last year, I ,52S, 600; year before. 1,297 GOO
 Visible in the United States this week. ,, ,461, coo; this date last year. 2.s65. GOO
The Birmingham age-herald., 1920-02-07
THE DAY IN WALL STREET
Federal Reserve Board Pleased With Effect Specula ton of Its Recent Action-Bank Stocks Not Ben
 citing By the High Money Rates

Bankers Trust Co, S75@SS2. 20 Cen. Union Trust, 450 0440...20 Chase Natl Bank, 460G470. .2e Equitable Trust Go, 2SOa 293 20 National City Bank, 5s5 O 395. .l5
 Unofficial estimates based on known production and 11M cent sugar put indicated net earnings of the American Beet Sugar, Com pany, after taxes and preferred dividend charges, at approximately S2050. 900 for the fiscal year end- ed March S1 next
 This figures out about s14 share on the common stock, against s6 earned last year Beet sugar stock at it's low of so today was down 16is points from the high price of the year.
 Financial district routine was completely upset by the storm. The effects were felt in many ways. The Stock Exchange. for example, was compelled to delay it's regular opening a half hour owing to the failure Of members to show up at the usual time, and 1t was i0:S0 when the gong sounded for start ing the trading.
 This is the second time the open ing has been delayed within two months. there being a late open ing in December one day when the city transits were temporarily tied up by powerhouse trouble. The curb market followed the suit of the big board today and delayed it's opening half an hour, Many houses in the district continued to report wire trouble. Firms with wires to the west found it slow work getting orders through from branch offices
 Notice has been received by the New York Stock Exchange from the Ajax Rubber Company of a proposed increase in capital stock from $10,o00,000 to $2o, O0O, 900.
 Shattuck Arizona Copper Com pRny reports production for Jan uary of S16,970 pounds of cop per. 740,59 pounds of lead, s,269. ounces of silver and S,454 ounces of gold
The Birmingham age-herald., 1920-02-07
Coffee Market By Associafed Prexs

New York, February 6.--There was re- newed covering in the market for coffee futures at the opening today, owing to relatively steady Brazilian cables and the early rally in sterling exchange First prices were 21 to 36t points higher, with May selling at 14.8c, or about 78 points above the low level of Wednesday. Re- iterated reports that the Brazilian gov ernment had withdrawn its offerings of coffee for sale were also a factor. but except for covering, there appeared to be very little demand and the market eased off during the middle of the day, owing to the reaction in sterling. May sori down to i413c, or within points of yes- terday's closing price, then rallied on re- ports of a further advance of futures at Santos, and closed at 14.24c. The general list closed at net advance of IS to 42 points Closing bids: March, 13.Soc May, 14.24c: July, 14.50c: September, 14.36c: De- tober, 1440c: December. 1449c. Spot coffee, irregular: Rio 7s. 14H@1f1kc; Santos As, 2414d25c. The cheapest firm offers reported in the market from Brazil were Santos 4s. rescribed as part Bourbon and part flat bean, at 30c London credits. Private cables were received reporting that the unsold stock of the government amount ed to 1,650,000 bags, and estimating the coming Santos crop at 7,750,o0o bags. They also said that the balance of the govern mert stock had been withdrawn pending an advance in the market.
 The official cables showed decline of 100 reis in the Rio market but an ad- vance of Sd in Rio exchange on London and of 175 to 300 reis in Santos futures. Later cables quoted futures unchanged 10 d further adyanceof 15o reis. Brazilian port receipts 1s,ooo; Jundiahy receipts. 5000
The Birmingham age-herald., 1920-02-07
Thompson, Parker & Cos Letter

Cotton today merely followed the fluctuations in the foreign exchange mar
 Ret, rising strongly when sterfing oulged l6c to about g 40 and falinx orr
 again when sterling did not hold At
 the highest of the day the trading months were g to 45 points over the closing quotations of yesterday. and at the low. est they were A to 34 points under Late in the session the market stood only d few points from the level of yesterdays close
 While bearish talk continues regarding the effect of low exchange on our exporA 1t is becoming more apparent that Eng land cannot stop importing cotton, and even prominent Ergffssi interests are beginning to admit tf,s. For the week eding today Liverpool imported lsscco bales of American cotton against f0e o09
 bales last week. when they were thought large. This week last year Liverpool imported only 5000 bales of American We expect wide advances to follow any thing resembling settled conditions. Pres ent unsettlement cannot last much longer and since 1t looks as if the worst of the situation had been seen, any change must be 10 rthe better.-Shepard & GIuck.
The Birmingham age-herald., 1920-02-07
Liberty Bonds
 By Assoeiated PrsAs
Money Market By Associated Press

New York. February 6.-Mercantile paper 6d6i4; sterling 6O-day bills, S.2e1k commercial 60-day bills on banks, s.26l4 commercial 60-day bills, 3.26; demand, S.29s4; cables S.301a. Francs, demand, 14.62; cables, 1460- Belgian francs, demand, HAT; cables, 1445 Builders, demand, 37@s; cables 3714 Lire, demand, 1867; cables, 1865 Marks, demand, 103; cables, 1.0o, Government bonds, firm. Railroad bonds, heavy. Time loans. strong; 60 days, @ days and six months, S1z. Call money, steady; ruling rate r: bank acceptances, 5A. Bar silver, 1.S2iz. Mexican dollars, unquoted.
The Birmingham age-herald., 1920-02-07
New Orleans Futures By Associated Press
Port Movement av Assoeisted Prcfs

New OrIeans: Middling. 3Sf5; re eeipts. s274: exports 1851; sales. 4c2' stock, 1858.
 Galveston: Middling. 40-So' recelpts' 70ss. sales, $50; stock, SSS.7So.
 Mobile: Middling Ssoo; reeeipls' t9s. sales. 20 stock, 20,467
 Savannah: Middling, Ss.5o; receipts 4299; stock, 25431S
 Charleston: Middling, 39.oo; receipts 1S2; stock. 6l,1So.
 Wilmington: Middiing, 37.0o, re- ceipts. s0e; stock. 57.5s4
 Texas City: Stock. So, IFS.
 oNrfolk: Middling, $500; receipts 767: stock, 92.61s.
 Baltimore Receipts, 542; exports s25; stock, 4.s0o.
 Boston: Middling, s7.so; receipts ?. 4ss: stock. 5.515.
 Philadelphia Middling. Ss'os' re- ceipts. 7s; stock. s.72l.
 New York: Middling, s1sci stock' 597f0.
 Minor ports: Receipts, 25,ts7i stock 12.5es
 Total today: Receipts. 45,14s; exports, 41. 2o3; stock. 1,4o5, 2s4
 Total for week; Receipts, lss'ls1' exports, 17s,1s1. Total for season Receipts, 4,sso, sos. exports 3962527
The Birmingham age-herald., 1920-02-07
Over Private Wires
J. ". Jay & Co.'S Letter

New York. February GA further re- coNery in sterling exchange rates had the effect of causing a rapid advance in cot ton prices early, due to large Liverpool and domestic trade buying Prices how ever, reacted downward quickly when re- cent buyers cndeavored to liauidate. We expect rapid movements in both direc- lions for the time being and prefer the buying side in sharp recessions.-J w. Jay & Co
The Birmingham age-herald., 1920-02-07
Liverpool Cotton By Associated Press

Liverpool February s.-Cotton-Spot quiet; prices steady: good middling. 2s.s7; fully middling. 2S.97; middling. 27.72; low middling, 2772 good ordi- nary, 22,22; ordinary, 21.22 Sales, 5000 bales, including 3.7oO American. Re ceipts, 5,ooo bales, no American. Flu lures closed quiet
The Birmingham age-herald., 1920-02-07
Uncle Sam Will Unload
By Asseeiatsd Press

Washington, February 6.-A sur- plus of 16.O0O tons of higb-grnde steel. including every variety of stock used in manufacturing, build ing and bridge and automobile con- struetion, will he placed on-the mar ket this month by the navy depart- ment at prices chased on the pres ent market quotations-v
The Birmingham age-herald., 1920-02-07
Live Stock By Associated Press

Chicago, February 6.-Hogs: Re ceipts, 2s,0oO; estimated tomorrow, 1000; Ioe to 2Oc higher than yesterday s average; bulk s1@14.5o top, s14so; heavy, s13.s50143o; medium, s14.10@ 146o; light s1415@14e0; light light, s13.75@1435; heavy packing sows, smooth, s1325@13.6os packing sows, rough, s12.s0@1325; pigs, $1s@13.75.
 Cattle: Receipts, 1000; estimated to- morrow, 1000; slow; beef steers, med ium and heavy ewight choice and prime, s1510@ IT. medium and good, $1126@15.10; common, S9.l5@ ll.25; light weight. good and choice, s12.25@ 16; common and medium, SS.75 @ l225 ; butcher cattle, heifers, s6.5o O f2.75; cows, $s50@11.50: canners and cutters, s5.25@65o; veal calves, $16.5OW lS; feeder steers, s7.S5@1175.
 Sheep: Receipts, 5000; estimated to- morrow, 4.0o0; higher; lambs, s4 pounds down s1S@20.50s culls and common, $1450@1750; ewes, medium, good and choice, $10.75@1S.75; culls and com mon, s6.50@ 1925.
 East, St Louis, February N6.-Hogs- Receipts, $500; active, 25c higher. Top, s1515; bulk, $14,4o@1a.s heavy weight, s1420@14.50; medium weight, lf-fVWIf.JO, HSul WtlS lils ]If.0V " lo.VS, light light, $1430@ 15.00; heavy pack ing sows. smooth. s1s.oo@13.25; pack ing sows, rough. s12.5o@13.oo; pigs, $1200d 14.75.
 Cattle-Receipts, 1000; steady to soc lower. Beef steers, medium and heavy choice and prime, $14.50 a 1900; medium and good, $11.0o@ 14.25; common, $s.0o @1075; light weight, good and choice. s1250@1525; common and medium, $S.$0@1250; butcher cattle, heifers, none; cows. none; canners and cutters, s525@725; veal calves, light and handy weight s1200@17.o0; feeder steers, sS,50@12.00, stocker steers, S7.00@1050
 Sheep-Receipts, soo steady to high CT. Lambs. S4 pounds down, $17.50@ 2000; culls and common, s13.o0@17 %; yearling wethers. $14.50@ 1900; ewes, medium and choice. $950@12.50; culls and common. s5.0O@9.o0.
The Birmingham age-herald., 1920-02-07
Hubbard Bros. & Go.

Cotton Merchants. Hanover Square, New York Members New York Cotton Exchange, New Orleans Cotton Exchange. New York Produce Exchange. Associated Members Live erpool Cotton Associations. Orders solicited for the purchase and sale of Cotton and Cotton Seed Oil sor future delivery Special attention and iberal terms given for signment of spot cotton for delivery. Cor tespondence invited.
The Birmingham age-herald., 1920-02-07
Chicago Futures
Rice Market

by NssocIdtd FTtss New Orleans, February 6.-Rough rice, no sales; receipts. 1,9s) sacks; millers re- ceipts. same. Clean rice. strong. Sales, Japan. 1Sl
 pockets, 61s9l2Ac; blue rose. 2.99s pock-
 cts, sssal27sc Receipts, 4,s7s. Bran and polish, unchanged
The Birmingham age-herald., 1920-02-07
Weekly Liverpool By Associated prass

Liverpol February s.-weekIy cot ton statistics; Total forwarded to mills 91,oo0 bales; American. 6s, ,ooo; stock, 1,o67o00; American, S59 ,006; i'm ; ports, 2oS,ooo, American, 1s5, exports, Ii, ,000.
The Birmingham age-herald., 1920-02-07
London Money Market Rv AssOcfafed pross

London, February e.-Bar silver sS pence per ounce. Money, SA per cent. Dis count rates: Short bills, 5ss to n-16 per cent. Three months bills. 5ss at lie
The Birmingham age-herald., 1920-02-07
Sugar Market
By Associated Pres
 T-~E~x.a~.r C IT.


 New York, February s-The local mar ket for raw sugar was a little more active today and prices were easier under inc creased offerings, brought about by the more favorable labor conditions in Cuba. rhere were sales of about S.00o bags of Cubas. due to arrive here in fe wdays at F cents. cost and freight, and 14ooo bags Cubas due to lead today at 114c, cost and freight, and at the close there was upwards of 2Oo.ooo bags of cubas of fered. without being taken a, 1stc, cos' . nd freight for first half and all Febru- arv shipment. With holders apparently more disposed to sell. buyers were not taking any more than necessary, with the hope that owing to the increased movement prices will recede further. The close was at 11Ac for Cubas and freight eot,al to 12 7sc for centrifugal. Tn refined the demand is still ahead of the suppiyS and prices are unchanged at 1Salec TOT fine ,granulated.
The Birmingham age-herald., 1920-02-07
MARINE NEWS
ax A..aniatad p~s.


 Mobile, February 6.--Arrived: Steam CTS Everglades. New Orleans; Lake Foicroft New Orleans; Schooner E. A Sabine (British), Progreso.
 Sailed: Steamers Lake Arthur, Pres ton. Cuba, Bowden (Norwegian). Belize Bark H. G. Wilder, Naquabo. P. R.
 New Orleans, February 6.--Cleared Steamers Columbia, West Indian ports and South America; Lake Flushing Algiers, Algeria: Louisiana. Tampico Metapan. Bocas Del Toro via Cristobal and Kingston. Jamaica; Mexico. Mexi- can. Progress; Northwestern Bridge Rio Janeiro and Santos: Quimistan Honduras. Omoa via Port Cortez; Santa Alicia. British, Tampico; Saramacca Port Barrios via Belize: Tegucigalpa Honduran. Ceiba.
 Cleared: Schooner Paul E. ThurIow Sabine, Tex.
 Port Eads. La. February s.-Ar- rived: Steamers California. French Havre. FueloiL Tampico: Heredia Bo cas Del Toro; Imperator. Norwegian muefields. Lake Sanford. Cienfuegos Margus, Mobile; Muskogee, Hamburg Terras Tampico.
 Sailed: Steamers Lake Grama Tampa; Macomet. Gothenburg, Aarhus and Copenhagen via Norfolk: TruxilIo Truxillo via Tela; westford. Havre via Norfolk.
 Metal Market
 New York, February 6.-Spot copper nominal ;electrolytic, spot and first quarter 19; second quarter 19N @ 1z Iron steady and unchanged. Antimon, l1.5o. Metal exchange quotes lead firm spot, 8.70 bid; 8.90 asked. March. S6; bid s.ss asked. Zinc steady. East St Louis delivery. spot s.60 bid. S.70 ask ed At London spot copper. fl2f Is Sd fu- tures f123 Is Sd: electrolytic spot. E127 futures. fi31; tin spot 1891 15s; fu- lures. fs92 1s Sd: lead spot. f4S I5s futures, ffs 5s; sing spot, fsI los; fu- lures. Es3 5s.
The Birmingham age-herald., 1920-02-07
Naval Stores

Savannah. Ga. February s.-Turpen tine. quiet. s1.se; sales, none; receipts, S1; shipments. 2; stock. s,7so- Rosin. dull: sales. none; receipts, l5o' shipments. none: stock, 36.7o2-
 Quote: B, I790: D F., 1S.106fs-25; F, 1S15d1s.3o; H. 1895; l. 1885 Q 1S.45; K. 1900: NJ. 1915: N. 2o.0o; Wg. 2o-5o; Wv. 2o.75.
The Birmingham age-herald., 1920-02-07

steady and quiet. Wool goods for cloth ing purposes were in steady demand. Burlaps were quiet
The Birmingham age-herald., 1920-02-07
NrmNnrk Tribn1lt

New York, February 6.--(Spe-. cial)-The federal reserve board. the street was told today in news dispatches from Washington print ed on the tickers. is pleased with the results of it's recent increase in discount rates. in it's effect on speculation, and is determined that further increase in discount rates will be authorized if necessary.
 The opinion is held in many quarters that things are moving so rapidly that further restrictive measures on loan expansion will be unnecessary. It is learned in banking circles that the federal reserve authorities are being kept closely informed of conditions in the Wall street money market by reports that are going forward 10 Washington daily.
 A preliminary report of the stock subscription of officers and employees of Midvale Steel and Ordnance Company and subsidiary companies shows 2,616 employees subscribed for 14,046 shares at $50 share. The total amount of the stock taken by the employees is s702,S00. Under the arrangement the employees are permitted to make payment for subscriptions in monthly installments to be de- ducted from the salary of sub scribers. The first deduction is made this month. Payment for the stock must be completed in year.
 Although the banks are being charged With profiteering in the speculative byways of Wall street for exaeting r to 25 per cent for call money bank stocks have not benefited by the nigh money rates. On the contrary. the cur rent decline in stock market values has knocked anywhere from to 20 points off the quotations Tor bank stocks. Prices of stocks of some of the leading institutions are quoted as follows today:
 Weeks decline Points. Guaranty Trust Co 38om2QO 9O