davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1920-10-29
REACTION SHOWS UP. IN TRADING AMONG
 WALL STREET CROWD
Money Rates Were Unchanged and the Bulk of the Days Call Loans Were Made at
 Nine Per Cent
By Associated Press

New York, October 2.-Selling for both accounts, in which short offerings prob ably predominated, effected severe de- preciation of quoted values on the stock exchange today, the reversal encompass ing every important division of the list.
 The reaction was accompanied by the largest transactions since the early days Of the month. totalling about $50 900 shares Some of the more popular issues rallied substantially on pror,-,a.rng in the later dealings, but the tone at the close was irregular to heavy. H
 There were no developments to account for the slump other than those which nave done service since the period of de- ! 1iation began. namely, the monex~strin- gency and additional signs of backward ness in commerce and industry. For fn- vestment purposes, however funds re- mained plentiful, as was evidenced by the oversubscription to new capital under writings.
 Money. rates were unchanged, the bulk of the days call loans being made on a 3 per cent basis, rising to 10 per cent in the final hour, when a sum aproximating s2o,0uo,0O0 was in demand Most of the days funds came from out-of- town sources, the same interests also making moderate time loans.
 The one hopeful incident of the day, virtual settlement of. the British coal strike, was utterly ignored. not only by the> stock, market, but by foreign ex- change as we'll. The London rate fell all most Pc under yesterdays best quota ltions, and new low points of discount were recorded in remittances to continen- tai Europe, including so-called neutral countries.
 Oils. steels, equipments, shippings, mo- tors and numerous allied specialties. more or les sas~ named, bore the brunt of the break, but rails were relatively steady, brisk advance in Southern Pacific be- ing the final feature
 Ali domestic and foreign issues in the bond market, including the Liberty group, were irregular, few -inclning to heaviness Total sales, par value, were s14,750,000.
 Old United States bonds were un- changed on call.
The Birmingham age-herald., 1920-10-29
Hubbard Bros.

New York, October 2S.-(Special. Oliver pool was sharply lower this morning, pri- vate dispatches sta ting that there was a serious hitch in strike negotiations. Public cables were to the vt that some pan-of settlement would be announced by Lloyd George during the day. While there is undoubtedly hitch in negotiations, 1t IS our opinion that the strike will be set tied in the course of week or so. The
 market fluctuated more or less airrlessly on these various rumors, but, generally speaking, at a somewhat lower level than yesterday. There was moderate amount of southern selling, which was
 taken by Japanese buying, particularly in March and AIey. On the whole, the market was steader than was expected from the early cables. Domestic trade Idemand is almost wholly lacking and no improvement is reported in the goods market. Their business stagnant.-- Hubbard Bros. & Co.
The Birmingham age-herald., 1920-10-29
National Water Powers

With newly created federal power commission ready to push the develop ment of water powers that are poten- tialiy more than sufficient for alkit in- dustries, the United States may now look confidently forward to eventual relief fron famines and high prices Of coal and oil. reports Popular Mechanics Maga- zine. The new commission. composed of the secretaries of war. agriculture ana the interior, besides conducting it's owp investigations and cooperating with other bodies of similar purpose, w:rt issue licenses for ethe construction of dams, transmission lines, and other Items of plant; give preliminary permits Tor water power study. and prescribe ruies for the conduct of licenses.
The Birmingham age-herald., 1920-10-29
5 Daily Financial Gossip
By HOLLAND

New York, October 2ss-(Special)- The signifiant and encouraging fea- ture in the securities market is the al- most unpredecented eagerness of in vestors to put their money into good bonds It is the testimony of all of the brokers that while there seems to be some indifference with regard to stocks this is more than made good by the ready market for good bonds. Although there appears to be more or~less un- easiness among business men, never theless, the securities market does show a strong tendency towards stabil- ity with steadily increasing confidence. Wall street at least year ago Mas fac- ing a falling market for securities, al though abundant optimism at that time prevailed in business circles. It was said this morning by one of the best authorities upon security market con ditions. as reflected by Wall street that in the dealings on the floor of the stock exchange liquidation had already be- gun in October of last year. Within twelve months it has been substantial ly completed. If there were any wine and water in securities a year ago, the market has thoroughly eliminated these demoralizing factors
 He SltudtlOH Tn the securities mar ket, particularly the earnest and wide spread demand for good bonds, is un- doubtedly one of the reasons which justified Judge Gary in speaking as he did few days ago with optimism, al- though intimating that reduction in prices must at least for a time con- tinue. But much that Judge Gary said in his recent address is looked upon as supplementing statements made from time to time by some who are pre- eminent financial authority, especially in other parts of the Limited States. George M. Reynolds, David B. Forgau and his brother, James B. Forgan, Charles G. Dawes, who represent the financial strength of the west as that is centered at Chicago, have now and then spoken with words of encourage ment even in times when some of our bankers confessed themselves to be somewhat perplexed. These very able Chicago bankers have never doubted that our condition was fundamentally sound. They spoke in words of moni- ton for those who were apprehensive that there might be panic. Much that was said by them was approvingly reflected in the opinions and discus sions which characterized the meeting last week at Washington of the Amer ican Bankers Association. In fact some of those who attended these meetings and who have returned to New York are speaking of the fine tonic of con- fidence which the views of thes west arp banlxnrS established
The Birmingham age-herald., 1920-10-29
Liberty Bonds
Money Market

By AssccmLen HreSS
 New York, October 2S.-Prime me-- cantile paper, 8: exchange irregular; sterling e0-day bills 342: commercial O. lay bills on banks. 3.42: commercial CO., lay bills, 3411h: demand, 3461a; cables, s47A. Francs, demand, 6.36 cables, 63s. Belgian francs, demand, 674; cables, 6.Y6, Builders, demand. 30S0; cables, 3o.4o. Lire, demand, 3.71 cables, 37S. Marks, nand. 9.55 New York exchange on Montreal. g 9-16 per cent discount. Gov ernment and railroad bonds heavy. Tine cans steady; 60 days. 90 days and si; months, TAOS per cent
The Birmingham age-herald., 1920-10-29
THE WORLDS GREATEST - INLAND PORT

Much interest has been expressed here in the reports which have come from Chicago of the speedy completion of the final important work in perfecting an artificial waterway stretching westerly from Chicago across the state to naviga- ble waters of the Mississippi. There is no longer apprehension that an ade- quate canal of this kind may be made futile by railroad competition. Instead of that it will supplement the railroad and presumably will be a restraining force. if that be necessary which would be of advantage, ultimately to the rail- roads themselves. For 1t would. stabilize the traffic. There is an abundance of slow moving. freight either way which would be to the advantage of the peo- pie if 1t were moved over artificial and navigable waters, from Chicago to the gulf. Presumably this canal will not undertake to compete with the railroads for fast-moving freight. The completion of this artificial waterway points inevitably, although not directly, it is believed to the Building. within few years, perhaps, of an artificial waterway communicating with the Great Lakes and with the St Lawrence river, large enough to float ocean sail- ing vessels. There is some opposition to this plan in New York state, the ap- prehension being that it would prove dangerous competitor to the improved Erie canal But apparently, outside of New York, public sentiment Is strong ly in favor of the proposition. If an artificial waterway of this kind. which gives adequate depth for the floating of ocean going vessels from the heart of the United States to Europe. be built, then Chicago will have the unique and unprecedented position of being the greatest inland port in ,he world the central point for tho distribution or the collection of freight up and down the Mississippi valley and also the point of departure and arrival for steamers which tran3por. commodities back and forth between lands across the sea and the ports whic1 are upon the Great Lakes.
The Birmingham age-herald., 1920-10-29
Coffee Market

ny AsH0ct0fe0 PreGR
 New York. October 2s.-The market for coffee futures was lower today. owing to the unsettled showing of Brazil and selling by brokers who were believed to be operating for Wall street interests Some thought that this might reflect developments in connection with the Brazilian loan. but there was no definite news in that respect. and others thought the selling might be against spot hold ings, although trade interests were buy CTS on the declines The market opened [ to 14 points lower and active months sold 1s to g points net lower during the morning. with March touching 7.S7c The price rallied to s04c on covering pro noted by firmer late cables from Bra gil, but eased off again under a con- tinuation or the Wall street pressure closing at 7.s1c. The general marke. closed at net decline of Is to % points Closing bids: October. 7o6c; December 72ec; JanAary 7.45c; March. 7.slc May. s.1sc; July. s.5Qc; September. S64c
 Spot coffee quiet; Rio 7s 7A0sc: San
The Birmingham age-herald., 1920-10-29

tos As 11A611%c. There was an easier tone in the cost and freight markets, al though no Santos offers were reported below yesterdays lowest figures. Rio Is were offered at 7.55c, American cred it's, and there were rumors that soma shippers would take lower prices.
 The official cables reported "a decline of 175 to 225 reis in the Rio market and an advance of 100 reis in the dollar buy ing, rate Rio exchange on London was ssF higher, and the early cables reporting a decline og $50 to 300 reis in Santos fu- lures was followed by an advance of 3o to 275 reis Brazilian port receipts, 56,ooo' Santos cleared & 600 bags for New York Judiahy receipts not given.
The Birmingham age-herald., 1920-10-29

U. 5. 4s, coupon. bid ... 1O5H Panama Ss, registered, bid ..... 7S
 Panama 3s. coupon, bid . 7S American Smelling & Refining 5s 76h American Tel. & Tel. cv. 6s .. 96Is Atchison gen. As .. 76s Atlantic Coast Line 1st As .... 7S34 Baltimore & Ohio cv. 41ss ...... n
 Bethlehem Steel ref 5s ........ 7S5s Central of Georgia con. 5s ..... S69s Central Leather 5s ....... 90si Chesapeake & Ohio cv. 5s ..... S5h Chicago, B. & Quincy joint As ... s6is Chicago. Mil. & St P. cv. 41ks ~ 7sA Chicago R. l. & Pac. Ky ref 4s 6S
 City of Paris 6s . 95ls Colorado & Southern ref. 415s =. 75N Denver & Rio Grande con. As =. CTS Dominion of Canada 5s 1931) ... 9Oa4 Erie gen. As ............... 47A Illinois Central ref. Is ......... 76ls Inter. Ner. Marine 6s .......... S03s Kansas City Southern ref. 5s ... 7fss 4Aggett & Myers 5s, bid ....,.. S7
 Louisville & Nasville un. 4s... S2
 Missouri Kan X Texas 1st 4s... 62Is Missouri Pacific As s. 531A New York central deb. 6s ....... 917s Norfolk & Western cv. 6s. f0S
 Northern Pacific As ......... TIA Pennsylvania gen. 5s ........... DIE Reading gen. As ...... S6
 Republic Iron & s. 5s, (1940), bid S6iS St. Louis & San Fran. adj. 6s ... 6IN seaboard Air Line adj. 5s ..-... 39N southern Bell Telephone 5s ..... S1as southern Pacific cv. 5s ........ 1007s Southern Railway 5s ........... 90
 Southern Railway gen. As ....... 6l11 Texas & Pacific 1st, bid ........ S2
 Union Pacific 4s ........s.. so7s United Kingdom of G. B. & l.
 -5Hs {Iss7) STE IC s. Steel 5s ....... 9sH Va Carolina Chemical 5s. bid ... 92A Wabash 1st STA " ilson & Co. cv. ss ~ S6s
The Birmingham age-herald., 1920-10-29
Cotton Seed Oil Rv Associafed Press

New York, october 2.-Cotton seed oil declined IS to 9 points early foI leading months in line with the 5earish showing in other commodities, but steadied some what near the close on covering Trad ing was professional in character. CLOS ing bids were ? to F points net lower. Sales. 1900 barrels.f Prime crude, s, bid prime summer yellow, spot, closed slloon 12 50: December, sl1.S1c; March, sl.is; May, $l195, bid. Prime winter yellow and summer white nominal,
The Birmingham age-herald., 1920-10-29
East St. Louis Live Stock
Su-ar Market

New York. October 2S.-The local mar ket for raw sugar was auieter today and no further sales were reported Prices were Unchanged at 71sc for Cubas. cost and freight equal to ss.52 for centrifugal and it was reported that considerable bie sugar was offered at quoted prices Tor November shipment, without being taken. Nothing new was reported in the rs- fiEed situation at prices unchanged to 11G12c for fine granulated. The demand continued moderate, but it seems to be limited for prompt delivery.
 There was a further decline in sugar futures. owing to continued selling by commission houses prompted by the un- rettled feeling in the spot market. Clos Ing prices were five to ten points net lower.
The Birmingham age-herald., 1920-10-29

On the islands of the southern Pa- cifte the janaca is one of the most beaa- Uful and unusual birds. It has gorgeous feathersf and the brilliant display. of color lin the clear sunlight makes the bird ever welcome to visitors. The male bird, dur, ing the mating season, does what is
 termed the love dance. filled with all sorts of bewitching maneuvers and dfs- play of bright colors. '
The Birmingham age-herald., 1920-10-29
Bank of England


 Lcndon, october ,2S.-The weekly state ,ent of the Bank of England shows the blowing changes: Total reserve decreased G4S4, GOO Circulation increased 9535, 900. Bullion increased e50,69S. Other securities decreased e7, ,000 Public deposits decreased .Gf13,000. Other deposits decreased G5,2S eco. Notes reserve decreased e534, 900. Government securities increased e2SsS, l0O, The proportion of the banks reserve to abilities is 1926 per cent; last week it yas 21.21 per cent
The Birmingham age-herald., 1920-10-29

l ings for the bag trade. Yarns continued dull; raw silk was easier following weak | ness in Yokohama, and wool goods re- mained dull
 Curtailment of production has been agreed upon by some larger southern mills, according to reports received here today by selling agencies, following simi- l lar reports from New England.
The Birmingham age-herald., 1920-10-29
New Orleans Futures

New Orleans, October 28.--The cot top market closed firm at net advances of 36 to 59 points.
The Birmingham age-herald., 1920-10-29
London Money

By Associated Press London, october 2S.-Bar silver 52d per unce money, 41s per cent; discount ates, short bills, 5i4@5h per cent; three sonths bills, 55stG11-16c.
The Birmingham age-herald., 1920-10-29
THE APPLICATIONS FOR
 FOREIGN LOANS

Presidential politics had no effect, according to the opinions of those who
 are qualified to judge, upon the finan- cial and business situatioon. For if this presidential campaign was causing financiers to hesitate to enter into any negotiations until after the election, this influence would be first of all ap- parent in the refusal to consider at present. the floating in the United States of contemplated foreign loans. instead of hesitation, there appears to be a willingness to discuss with those from other countries who are seeking the loan the terms upon which the loans can be most reasonably made. The American people have become familiar. and in a short time. with foreign loan propositions, although a few years ago. and up to the time when Great Britain and France secured aloan from Ameri- can bankers of five hundred millions, they gave no thought to them. Now
The Birmingham age-herald., 1920-10-29
New York Futures

 New York, October 2S.-The cotton market closed firm.
The Birmingham age-herald., 1920-10-29
By Associated Press

New Pork October 2s.--Copper nomf- nal; electrolytic, spot and fourth guar ter. l475n15.25 for small lots. Iron nom- inal. Tin firm; spot and nearby, Sl: futures, s4225 Anthony. $s.s71h. Lead steady; spot. s6.75q17.25. Zine weak; East St. Louis spot, s6-s2GT0o At London'. Standard copper spot. fso 5s; futures f1Ss 12s 6d Electrolytic, spot, fs7; fu- lures. ess. Tin, spot e265 15s; futures. e267 5s Lead spot, f36 10s: futures. iSo 15s. Zinc, spot, f3S a5s; futures, 939 los.
The Birmingham age-herald., 1920-10-29
Naval Stores
Hy Associated Press

Savannah, Ga, October 8.-Turpentine firm. s1.07. Sales. 95; receipts, 120; ship lments. 6; stock, 21,269 1. Rosin firm Sales, EOS; receipts, 7s6; shipments, none; stock, 55,1lo.
 quote: B, s11l5; D, E, F, G. H. l, K, s1l q: N WG wv, $1l@.
The Birmingham age-herald., 1920-10-29
Chicago Futures By Associated Prea~
Produce

By Associated Press Chicago. October 2S.-Butter higher: creamery 3Sd5Sxc. Eggs unsettled; firsts, 5sG59c. Poultry, alive, higher; fowls. general run 25c; springs. 29c; turkeys, asc.
The Birmingham age-herald., 1920-10-29
Spct. Coffee
Metal Market

By Associated Press New York, October 2S.-Spot coffee 77sc
The Birmingham age-herald., 1920-10-29
Potato Market

By Associated Press Chicago. October 8.-Potatoes stronger: Minnesota and Wisconsin. round white. q. .NGr1. .s5;< Dakota. early bulk N65al 30. round white, $1.6091.70.
The Birmingham age-herald., 1920-10-29
Spot Cotton By Asgnefafad Rrasa

New Orleans. October 2S.--Spot cot ton steady, 75 points lower Sales on the spot, 118 bales; to arrive. s69. Low middling 15.75c; middling, 21c: good middling, 2Sc. Receipts. s,Ss3; stock. 287.514.
The Birmingham age-herald., 1920-10-29
Port Movement By Associated Press

New Orleans: Middling, 21c re- ceipts, S,ss3; exports 7,006 sales. 9s7; sotck 2S7.514. Galveston: Middling, 21.25c receipts 23,2 2S6; sales, 3,112; stock, 355,667. Mobile Middling, 21c; erceipts, l54; stock, 5,749.
 Savannah Middling. 22c: seceiots 3,S74; sales, 73; stock 115,652. Charleston: Receipts, 300; sotck 232,54s.
 Wilmington: .Receipts, ss4; stock, 33.667. Texas City; Stock, 5.560, Norfolk: Middling 21.3sc: receipts 1,123; exports. 5,300; stock, 32, N52. Baltimore: Stock. 2.553. Boston: Middling. 2215c; stock l15,3Oo. Philadelphia: Middling, 22.s5c; stoek 4.s95. New York: Middling. S22. COG exports 500; stock. 22,337. Minor ports: Stock, 5.333. Total today: Receipts 37.71f; ex- ports. 12.S06; stock, 1,12022s. Total for week: Receipts. 204, 270; exports, 10,34S Total for season: Receipts. 1.45o, 25s; exports s01. .167.
The Birmingham age-herald., 1920-10-29
WHAT THE RAILROADS ARE DOING

All the reports which come from the railroad managers, especially those re- ceived within d. few days, are highly encouraging. They can be. and in fact are, read from two points of view. For in the first place they are spoken of as showing that after all business con ditions in the United States are health ful, for if it were not so. the demand for transportation Aommodities would be far less than it really is. Then again thes reports are referred to as proving that economy and efficieey in operation, are now characterlzing all of the railroad homogeneous. These are especially noticeable upon some of the lines whose terminals are at Chicago because ehese lines are among the best managed railroads in the United States. Very soon the increase in earnings, due to efficiency and economy. will tend to establish confidence in railroad prop critics and when this confidence is se- cured, the public will be ready to fur nish needed fresh capital for these
The Birmingham age-herald., 1920-10-29
Hubbard Bros. & Co.

York. Members New York Cotton Exchange New Orleans Cotton Exchange. New York Produce Exchange Associated Members Ii, !. srpool Cotton Association. Orders solicited for the purchase and sale of Cotton and Cotton Seed Oil for future delivery. Sre, .4 l attention and l-Seral terms given for cetl.a signment of spot cotton Tor delivery. Cor,
The Birmingham age-herald., 1920-10-29

New York. October 2S.--Cotton, spot steady; middling, 22.60c.
The Birmingham age-herald., 1920-10-29
Cash Grain
By Associated Press

By Associated Press
 Chicago. October 2s.--Wheat, No. mixed, S6@Ssc; No. ? yellow, STA Qssc Oats, No. white, 55M55Hc; No. 3 white 53A @54Ac. Rye. No. 2 not quoted; No. 3, 1.72. Barley. 85c@$1.o3 Timothy seed, 35@6.5o; clover seed. SIP Q 20 Pork nominai lard. t1s-zoi. ribs. $14.75@16
 St. Louis. October 2s.--CAsh wheat No. red winter $2.27@22S; December. $21011 x March. $2.02A. Corn, No. 2 white. ssds1c; No g. ssc; December, s31Ac; May, S8Ac. Oats, No. 2 white, 54s4 055c; No. 3. SAC; December, 54lsc; May. soc.
The Birmingham age-herald., 1920-10-29
Dry Goods

By AksOcIafed Press New York October S.--Little business was reported today in unfinished sheet
The Birmingham age-herald., 1920-10-29
Bank of France

By ASsOcinfed Press Paris, tOctober 2S.-The weekly state nent of the Bank of France shows the 'ollowing changes:
 Gold in hand increased 1,449 600 francs Silver in hand increased 36l 900 francs. Notes in circulation decreased 205, ,260, ,OOo
The Birmingham age-herald., 1920-10-29
Rice Market

By Associated Press New Orleans, October %.-Kough rice no sales; receipts. 5.S54 sacks: miiiers receipts, 2,53s. Clean rice quiet: sales Honduras. 2ssGs1sc: Carolina 6o6 pockets, l5- -l6Qghc; bran and polish unchanged Receipts. s.Sl6
The Birmingham age-herald., 1920-10-29

the attitude of American investors to- wards foreign loans is changed Every one of the large issues recently floated was almost immediately absorbed and there were over-subscriptions for some of them
 South America is here seeking loans. Brazil will undoubtedly speedily nego- tiate one, so also the report today was that Argentina would seek accommo- dations of this kind in the United tat t~-
The Birmingham age-herald., 1920-10-29
Interior N.0vemen. By Associated Press

1 Houston: Middling. 21.5oc; receipts. ife.s47; shipments l515s; sales, s.4es, stock, 344,474 Memphis; Middling 21c; ecaipts, 7526; shipments. 5,7o1; sales, 1.75o; stock 274,994. Augusta: Middling. 22c; receipts, I2,72s shipments, 1,247; sales. 250; s.ock. I111,116. 1 St. Louis Middling. 2lc; receipts, 1852; shipments 1889; Stock, 10431 Atlanta: Middling, 21.75c.
 Little Rock: Middline. 2lc: receipts 2.13s; shipments. 1.l9s sales. 1.l99; stock. 34,501. Dallas: Middling. 121.40c Montgomery: Middling. 21c; sales. T.. Total today Receipts. 3o.902: ship |ments, 24.98s; stock, 775.5l6.
The Birmingham age-herald., 1920-10-29
Liverpool Cotton Ry Ass0rtate<l PreSs

Liverpool october 2s.-Cotton spot in good demand prices lower Good mid ding, 19.2id; fully middling. iS.2ld; mid ding. 1s.7ld: low Yddling. 2l.9id; good ordinary s.esd; ordinary. s9sd. Sales. 7.0o0 bales. including 1000 American Re- .ceipts, 100 bales, all American, Futures closed very steady October. l6.O7d; Jan uary 15.37d; March 14S5d. May, i4.s8d July. 14.4Sd; September. 14G.