davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1920-02-26
New York Futures By Associated srest
New Orleans Cotton By Associated Press

New Orleans, February 25.--Strong ad- vances were taken on by the cotton mar ket in the early trading today. and the gains were we'll maintain, although there
 were periods of profit-taking during the ! middle stage of the session. Highest prices were reached late in the day when the trading months were 6S to sS points
 over the final prices Of yesterday. The close was at net gains of 6i to 70 points. | Better Liverpool cables than due and cold and wet weather in the belt were back of the initial upward swing, and
 a little later buying increased on the ad- vances in foreign exchange rates
 Around the opening the market was 1e
 to 2i points up. A better feeling in fhe , spot department and reports that south western spot interests were taking hold of contracts in large way increased bull ish sentiment, and by noon prices were at advances of es to 7S points From this
 level realizing by early buyers carried the market % points off from the highest, but In the afternoon new buying appeared on favorable rumors regarding the peace treaty. and new high levels for tho day
 were reached, March trading at it's best
 UP to s 35c.
The Birmingham age-herald., 1920-02-26
MARINE NEWS

Birmingport. February 25.-(Spe- cial. .)-Towboat Clio arrived from Mo- bile with empties to be loaded with coal.
 Cordova, February 25.--(Special)- )- Nugent with three barSes of coal dc parts. Will pick up one barge of steel at Birmingport.
 New Orleans, February 25.--Clearcd steamer Ellis, Norwegian, Tela; E Monte, New York Harold Walker Tampico.
 Cleared Schooner Bradford ID. Jones Sabine, Tex.
 Port Ea6s, La, February 25.--Ar. rived steamers kenbane Head, British Belfast; Lake Crescent. St. Thomas Lake FoXcraft Cuba; Lake Gera, Mat anzas; Savandaga, Jacksonville.
 Sailed steamers Coperas, Sagua La Grande, Cuba; Hoven, Tampico; Norma Santiago, Cuba; Suriname. Port Barrios via Belize.
The Birmingham age-herald., 1920-02-26
CREDIT DEFLATIONS HAVE ASSUMED 4 WIDER DIMENSION
Shares of All Descriptions and Liberty Bonds Added a Great Deal to Their
 Recent Heavy Dips
By As.oeiat.s Frs,

New Yo<k February 2s-Cumulative
 signs that the deflation of credits is as-
 5suming wider dimensions and that indus-4
 trial conditions are being readjusted to fneet this situation provoked another ous burst of liquidation on the stock est-
 change today
 Shares of all description and several |of the bond issues floated by this govern Infsnt during the war added much to their Fecent Impressions. Among losses sAocks |extended from to 10 per cent, the 'ee- |ciine being substantially assisted by bear Eish aggressions.
 The brunt of the movement was again
 borne by mercurial issues, embracing the Isteel. equipment. motor, oil and shipping divisions, but dormant or obscure issues
 |&lso suffered severe shrinkage. ; Dealings presented a greater diversity Iof offerings than usual, suggesting en- forced selling from various quarters.
 Pools abandoned their recent buHlisl1 ops |erations in rails. but that group offered Imore resistance than any other issues. [Final quotations were slightly above low lest levels, but the tone at the ciose was
 lweak.
 The local money market refIescted in it's Iin incipient stage the change in the mone- |tary situation. Call loans opened at ' per |cent, rising steadily to 15 per cent just
 before the close. This compares with the |6 per cent quotation which ruled during |the past fortnight
 Directors of the local federal reserve |bank announced in advance In the rate Of foans and discounts on treasury certifi- |cates from 4 to per cent Such ac-
 |tion had been foreshadowed by the central
 bank in Philadelphia Other rates were hot altered, contrary to expectations Tn the bond market, which was heavy Throughout the feature was Liberty 31ss,
 (which fell to 94.30, a new low record, and
 an extreme decline of IF per cent from Yesterdays minimum. Total sales, par
 |value aggregated $14,25O, ,d0. Old United States bonds were unchanged on call.
The Birmingham age-herald., 1920-02-26
IN CORN BROADENED OUT
 IN CHICAGO PIT
Quotations on Both Corn and Oats
 Were Seesawed, While Pro-
 visions Scored Gains of 12c to 17c
By As.scl.t.z rs,.

Chicago, February 25.-Corn trading hreadened out notieeably in volume to- day, owing to withdrawal of a rule,
 which. during the last ten months, has required that any individual interest in delivery further off than the current
 month should not exceed 20e.o00 bushels.
 Business consisted largely of spreads,
 the simultaneous buying of May and sell ing of July. Closing prices were firm
 at the same as yesterdays finish to Sc higher, with May $1.351s to sf.Ss and July
 S1.305s to s1.3f Oats finished 1sc off to
 kc advance. Provisions scored net gains
 of fcc to fTc.
 Loosening of restrictions on the corn
 trade was looked on in some quarters as
 likely to have bearish influence. The fact that receipts continued light
 and that no big accumulation at ter minal points was now expected put all other considerations nearly out of sight. Although price changes were more lively than has of late been the rule, the ten dency of the market most Of the time was upward, especially for the nearby ! months. Closing prices were at the top Ilevel of the session.
 Profit-taking sales on all bulges pre- vented the oats market from showing 1 much sympathy with cora strength. Higher quotations on hogs gave lift to provisions.
The Birmingham age-herald., 1920-02-26
Over Private Wires
Hubbard Bros. & Co.'s Letter

New York, February B. Especial J. Heavy purchases by Liverpool against pre- vious sales for straddle account caused sharp advance in our market today. A local operator was also credited with De- ing big buyer, so that prices quickly advanced to near the S5c level for may. Our market pays no attention to the weakness in the security market or the continued and plainly evident signs that deflation is rapidly approaching. This is but natural in fact of the small stock here and the disparity between spots and futures, for holders in the south are still confident that cotton will be the only article not affected by the increased difficulty of financing this country after the over-expsnsion of the past few years, and that until the next crop at least hold CTS will secure big prices for their cotton. Hubbard Bros. & Co.
The Birmingham age-herald., 1920-02-26
fompson, Parker & Co.'s Private Wire

It was strong mardct in cotton today, a determined buying movement setting in around the opening and continuing until prices were es to 7S points higher than the close of yesterday. At the middle of the day the market was off 30 Eoss ts or so from the highest under realizing by early buyers. but in the afternoon fl came back toward the highest again. Liverpool was better than due, and the trade did not like the wet weather in the eastern belt and the cold weather in the western belt After a higher opening the advance was kept going by the rise in foreign exchange. the runor that deciF action on the peace treaty would be att tempted in the Senate tomorrow and re-
 ports of a better all around feeling in
 the spot department. Texas buyers wtre
 reported working on cotton in this rinr-
 ket and one of the largest southern spot
 firms was credited with being heavy
 buyer of contracts.
 Sentiment is more favorably inclined to
 the market. and further bullish news will
 easily bring in fresh demand.
 The close was around the highest levels of the day. ranging from GO to 75 points higher.-Shepard & Giuck.
The Birmingham age-herald., 1920-02-26
NrmQork Tribn1tt

New York, February 25.-(Special.)- Announcement of a proposed $50, 1000. .O10 capital increase by the Willys-Over- land Company has been drag on all Ol lne motor stocks. ls has directed attention to the fact that high costs OI materials and the big business being swung has imposed demands for in- creased capital that must be met if the companies are to go ahead with thelr programs. Rumo.s of a possi- ole financing by Chandler motors are heard in the financial district. The annual report of that company issued the other day showed . big drop in cash and a big increase in fnven- tories Chandler was one of the weak spots tn the motors group today, dropping 6h points to LISA. One block or 2,000 shares of Chandler went at Eo. The annual meeting of the Chan uler company was held today when the directors were reelected.
 An extension of the life of the bank ing syndicate which underwrote the %i3OO0U0 French cities loan. offered last fall. Is planned by the managers, 1t was learned yesterday. The origi- nal syndicate agreements expires March l. Since only about half of the bonds had been sold up to February l. The syndicate is to be extended for an indefinite period.
 Favorable action was taken today by the committee on stock list of the New York Stock Exchange to list temporary certificates for f5,70s, ,3l0 shares of the new common stock of General Motors for par value on the exchange. Trading will begin on March l.
 These temporary certificates will be replaced the first weel. in May by the stock certificates. Between now and
The Birmingham age-herald., 1920-02-26
J. W. Ja, & Co.,. Letter

New York. February a5.-(special )--Ac- tive and urgent buying, principally of March contracts for foreign and Gomes- tic trade interests. with some speculative demand for new crop positions, caused la sharp advance with the closing pricex about 50 points higher Most of today s
 purchases were covering of contracts sold recently for reaction, and liqui-
 dating of spot hedges. Exports are not
 showing any increase. however. Southern
 holders are firm and they expect bet
 ter basis on which to sell J. w. Jay & Co.
The Birmingham age-herald., 1920-02-26
THE DAY IN WALL STREET
Willys Loan Causes Drag in the Motor Stocks-Banx- ing Syndicate French Loan to Be Extended
 Money Was Still Easy on the Street

the beginning of trading in the tenn porary certificates next week con tracts for hundreds of thousands Of shares of the new stock made on the curb on when issued basis" will have to be settled. Somo people were unfortunate enough to pay as high as $40 a share for this stock on tho curb. Yesterday 1900 shares were traded in on the curb within range of 2l, the closing price being 25it. The old stock got down to 2Sis and closed at 2Sl, orr A. points.
 Every little while new streets Put \. Calr' brokers sell an option for q song that turns out big for the lucky holder. One of them came through m Republic Steel common. It was put that was sold late Tuesday afternoon on 100 shares of Republic points under that market that day. The purchaser paid one paltry greenbaek for the privilege of putting the stock at 92i4. The paper expiring at 2:4' vesterday afternoon. The man who sold 1t had been placing lot of puts and calls with a good deal of sue cess and took a chance on this put at H as more of a joke than anything else, figuring that since Republic had quite break on Tuesday, it might be expected to move up instead of down. as it happened. The extremely unla- vorable annual report of the Republic Iron and Steel Company came out late Tuesday and resulted in break ot about points ip the stock right at the opening today. Without waiting for the stock to go lower so that ne could exercise his option, the owner of the put immediately sold the paper for Sii0, his profit being $lO9 on an original investment of q. The man who bought the put second hand later in the day had an opportunity 10 take a profit of about $500 on his invest ment of si1O. Republic sold in the afternoon down to SEA or nearly points under the put price.
The Birmingham age-herald., 1920-02-26
Saving Two Million a Year

From f'oEDcc MdSdzluc.
 We have a system playing for what we buy which is real factor in lowering our purchase prices" says Hubert T. Parson, the new head of the F. w. Wool worth Co. We pay our bills at least once every week, and. not matter where . manufacturer is iocatel. We send out his check so that it will reach him on Friday. % that he can have the money for his payroll on Saturday. To many small manufacturers this is a very great convenience. since 1t means that, as he gets some credit when buying his mater ials. we practically finance him.
 We always pay cash. and as cash dis counts average per cent. the sum thus saved on. say. our current years pur- chases of approximately sio000o.o 900. foots up to about S2.00O.000 Our prompt-pa ment rule influences many manufacturers to do business with us. and this. com bined with tv magnitude of the orders we giv, enat gus to Wcure extra-favor- able quotaticns.'
The Birmingham age-herald., 1920-02-26
Liberty Bonds h. AnxaniakAn rrAaa
Money Market
 By Associated Press

New York. February 25.-Mercantile paper, 61k@6A: sterling 6o-day bills 5 36s4 commercial e0-day bills on banks, 2s6l4; demand, S401z; cables, S.I. Francs deman, 140S; cables. 14.0S. Belgian francs demand, 1880; cables, f3.oS. uilders, de- mand, 363s: cables, 37. Lire, demand ISIS; cables. 1916: marks, demand. f.04i cables, 1.o5. Government bonds weak railroad bonds heavy.
 Time loans strong; 60 days, 90 days and six months, Siz.
 Bar silver. l.2014: Mexican dollars, 9s4s
The Birmingham age-herald., 1920-02-26
Liverpool Cotton By Associated Press

Liverpool, February 25.--Cotton, spot quiet: prices lower. Good mid . ding. 31.s7d; fully middling. 3o.s7dc middlng. 29.s7d; low middIing, 26.57d; good ordinary. 23.37d. ordinary. 22.37d. Sales, 5000 bales including $500 Amer ican. Receipts, 24,o00 bales, including 1S,700 American. Futures closed steady. February, 27.S4d; March. 27.50d: May 26.4sd: July, 25.26d; octo- Der. 2S.4sd December, 22.s1d; Janu- ary, 22d.
The Birmingham age-herald., 1920-02-26
Hubbard Bros. & Go.

Cotton Merchants, Haaever Square. Nsv York Members New York Cotton Exchange. Produce Exchange. Associated Members Liv. crpool Cotton Associations. Orders solicited Tor the purchase and sale of Cotton and Cotton Seed Oil Cor future delivery. Special attention and liberal terms given for con- alignment of spot cotton for delivery. Cor respondence invited
The Birmingham age-herald., 1920-02-26
Port Movement

New Orieans Middling. 4oc; re-
 ceipts, 4.aO4; exports. 700: sales, 3,1s5;
 stock. 42s576. Galveston: Middiing, 41.5oc; re- ceipts. 5.4s7; exports 15,Ss6; sales l.
 363: stock, 327.49S. Mobile: middling, S9c; receipts. 4e6: stock. 21,170. Savannah: Middling. 39.25c; re- ceipts, 1,s06; stock, 19s,777.
 Charleston: Middling. 39.25; re- ceipts. 2il: stock, 206.9d9
 Wilmington: Middling 3s.25c; re- ceipts 50: stock, 41,s19.
 Texas City: Receipts s,os3; stock, l57,55s
 Norfolk: Middihig ss75; receipts.
The Birmingham age-herald., 1920-02-26

ceipts. s.ss6; shipments, 7S4i; sales. 175; stock 10,773.
 Little Rock: Middling, 39.50c: re~ ceipts, 423; shipments. 1.03 salea 103s; stock. 4s.2f2.
 Totals today: Receipts, 26.0t7; shipments. t.53f. stock. S07. .197.
The Birmingham age-herald., 1920-02-26
Dry Goods Market Rv Aaseofafea Press

New York. February 25.--Cotton goods and yarns today were quiet. Silks were very quiet. Burlaps shipments for Calcutta in January were 101.14o,- 900 yards, an average of about S0,000,- GOO yards for December and January. substantially up to the country's con- sumption. Wool goods sold moder- ately.
The Birmingham age-herald., 1920-02-26
Chicago Futures 4N Assaeizitd Rrnsx
Cash Grain Rx Assaelafad RrasA

Cash Grain
 By Associated Prsss Chicago, Fepruary 2o Cash corn, No. mixed, s1.4odi.tS; No. 8, yellow, s. .Sa 1.11a.
 Goats. No. white, sIx@ssc; No. white, s615ds7iz. Rye, No. 2, s1.5eia: barley, s1 1.3o91 .45; tin othy seed si2.oo0114.0o: clover seed, s45 ond4s.co pork nominal; lard s19o5; ribs, $17.50@1s.5o. St. Louis, February 25.-Corn, No. 8. Oats. No. 2,soc: No. white. S9G9oc; s1.47; No. white. si. 4sd1 50; July, $.S2A. May s3ssc.
The Birmingham age-herald., 1920-02-26
Produce Market

New York, February 2S.-Butter steadier: creamery firsts, 5S@5S1s 1sc. Eggs steadier fresh gathered firsts, 51 G 5Sc Cheese irregular; average run, 2s@29c
 St. Louis, February 2O.-Pouitry, geese, 22; others unchanged. Butter unchanged. Eggs, 4S11c.
 y Chicago, February 2o.-Butter unset tied; creamery. 49@ s5c. Eggs higher; firsts, 5a1ac. Poultry, alive higher; springs, s3c; fowls, SIC.
The Birmingham age-herald., 1920-02-26
2; sales, 57s; stock, ss.ss4.

9S2; sales, 57s; stock, ss,s64.
 Baltimore: Stock 5.f25.
 Boston: Middling 39.a5c; stock, g.. 800
 Philadelphia; 4035c; receipts. 100 stock. 1O.934.
 New York: Middling. 40.10c; re- ceipts 800: exports, S,s53; sales 2,039 stock, 4S, 52.
 Minor ports: Receipts, 1.1O6; ex. ports. 1,106; stock 17.25e.
 Total today: Receipts, 1S,235; ex. ports, 21.S55; stock, 1.457,4S9.
 Total for week: Receipts. 142.077 exports, 115,615.
 Total for season: Receipts, 5,474,. S24; exports, 4,S4e,S90
The Birmingham age-herald., 1920-02-26
East St. Louis Live Stock
Coffee Market
 =. A..~.s.k>S Drsss


 New York, February 25.-The circu- lation of March notices estimated at about 5000 bags caused some little ir- regularity in the coffee market during today's earlier trading. After opening points higher, prices sagged off to points in consequence, but importing interests were said to be taking up the notices and prices soon rallied on trade buying and covering. May sold up to 146ec, or P points net higher, and closed at 14.57c, with the general list closing at a net advance of i4sto 22 points. March. 14.1oc; May, i4.o7c; July. 14.s5c; September 14.7oc' Octo- Der, 14.63c: December, 14.62c.
 Spot quiet; Rio Is, 1+A o 15c; Santos 4s, 24A @24%c. No fresh offers were reported in the cost and freight mar ket. Owing to the holiday, there were no official cables from Brasil, but the slightly steadier tone of sterling since the break of yesterday morning and the talk of prospects for early action on the peace treaty may have been an influence in futures.
The Birmingham age-herald., 1920-02-26
Spot Cotton By Associatsd Prsss

New Orleans. February 25.-Spot cotton
 steady. 25 points higher. Sales on the spot. 2,iS3: to arrive. 1000. Low middling, 32.5o; middling, 4000; good middling, 42.0o.
 Receipts, t,9o4 stock, 426,S76 New York. February 25. Spot cotton quiet; middling, 4o1o.
The Birmingham age-herald., 1920-02-26

American Tel. & Tel. cv. 6s.... 97
 Anglo-French 5s .............s s6A Atchison gen. As ............... ttA Atlantic Coast Line 1st 4s ..... 76
 Baltimore Ohio cv. 4Izs S5
 Rethlehezu Steel ref. 5s .... s5
 Cen. of Ga. Consol. 5s, bid. ...... 8.
 Central Leather 5s ............ 94a Chesa rsaakc & Ohio cv. 5s.... ISA Chicago. E. & c. joint 4s ..... s4h Chicago. Mil & st. P. cv. 41zs.. 70Ss Chicago. II. I. & Pac. Ky. ref 4s SIS City of Paris 6s ...... 91 Col. * Sou. ref. 41ss bid. .... TIA Den & Rio Grande consol. 4s... 62
 Dominion of Canada 5s G93t).. 91
 Erie gen 4s ......... <4
 1lliRois Central ref. 4s .... f2
 Int: Mer. Marine 6s ............ s9% KFnsas City Sou. ref. 5s ....... 70
 Likssett 6 Myers 5s ........... SS To uisville & Nashville un. 4s... s1
 lEissouri. Kan. & Tex. 1st s.. o' s Missouri Pacific gen. 4s ... 5S& New York Central deb. ss....... 92 fN3folk & Western cv. 6s ...... 101 Northern Pacific As .......... 70 Pennsylvania gen. 5s .......... SSH Heading gen. 4s .............. i9A Rep. Iron & Steel 5s (1940).. go St. Louis & San Fran. adj. ss. ... sl Seaboard Air Line adj. 5s 591s Southern Bell Tel 5s ......... S35 Southern Pacific cv. 5s ........ 100
 Southern Railway 5s .......... SEA Southern Railway gen. 4s ..'... 5s
 Texas Company cv. 6s, bid. d... leoA'
 Texas & Pacific list .........,. S2l4 Union Pacific zs .............' szs
 U. K. of G. E. & I. 51as (1sSD. sob U. s. Steel 5s ...........-....... s4 Virginia-Car. Chemical os, bid.. 9Ses Wabash 1st .....-..: .....,''.. % tz Wilson & Co. cv. 6s .......''.. s2
The Birmingham age-herald., 1920-02-26
Interior Movement

Houston: Middling. 40c: receipts 10.524; shipments, 6,967; sales, 2.OS7; stock, 254,S63.
 Memphis: Middling. S9c; receipts, 4.Ss4; shipments, 2.199; sales. 2,4OO; stock, S03,694.
 Augusta: Middling, ssc: receipts. 22S; shipments. 2,654; sales. 400; stock, 156,02e.
 St. Louis; Middling 39.50c; re-
The Birmingham age-herald., 1920-02-26

at the close prices were 34 to 5s points net higher. Sales, 35,000 barrels. Prime crude, 17.50c nominal; prime summer yellow, spot, 1s.70@1S9oc; March, 1S.70c; May, 19.60c; July, 19.S5c; prime winter yellow and summer white nom inal.
The Birmingham age-herald., 1920-02-26
Potato Market

Chicago. Eebruary8. steady; receipts 31 cars; Northern white. sacked. s.xt1445; Northern white, bulk. H,3oa 45.
The Birmingham age-herald., 1920-02-26

rice, no sales; receipts, 1,345 sacks; millers' receipts, same. Clean rice, no sales; no receipts.
The Birmingham age-herald., 1920-02-26
New Orleans Futures By Associated Press

New orleans. February 25.--Cotton closed steady at an advance of 61 to 7e ,,oinfg
The Birmingham age-herald., 1920-02-26
Sugar Market Rv ASsocinted Pres9


 New York, February 25.-There was a little more interest displayed in the local raw sugar market today, and while prices were unchanged. the un- dertone seemed to be a little steadier There were sales of 1s,ooe bags of San Domingo and Venezuela sugars at sisc eff to Canada, and 7,5oo bags of cubas in port at s,tc cost and freight to Can ada. There were no sales to local re- liners, who continue to hold off, pend ing a more adequate movement of re- fined. The close was steady at shc for Cubas. cost and freight equal to le.16c for centrifugal duty paid.
 There was nothing new in refined, with deliveries still handicapped by a shortage of cars. Prices were un- changed at 15G16c for fine granu- lated
 The market for sugar futures was dull. with no transactions reported. Closing prices were unchanged to 5 points net higher.
The Birmingham age-herald., 1920-02-26
Cottonseed Oil

New York, February 25.-Cottonseed oil scored a good advance today on scattered short covering. inspired by the bulls showing in other markets. such as lard and cotton. Local longs and cotton houses were sellers on the rise. but offerings were we'll taken and
The Birmingham age-herald., 1920-02-26
Rice Market

By Associated Press New Orleans, February 25.-Rough
The Birmingham age-herald., 1920-02-26
Naval Stores QN Assaciafad Rrlsl

Savannah, tia.. February 2S.-furpen tine. firm: sales, 50: receipts. 14o; ship hients. i04: stock. 7.15s.
 Rosin. firm; sales. 255: receipts, i7o shipments. 10: stock. ss.7s..
 Quota: B. l5.so: D. E, F. 1880: c, 1870 H. 1885: I. 1s-so; K. 17.oo: M, r.e5; \. i7.Se Wg, Wv. 17.75.
The mirror. (Stillwater, Minn.) 1894-1925, 1920-06-24

The district in New York City oc-
cupied by the wholesale commission
dealers, the agency by which l4,000,-
600 people in the Eastern States are
provided with food, has an area about
half a mile square that was once a
swamp where cattle frequently strayed
and got lost. Two hundred years ago
one Anthony Rutgers got the land for
the promise to drain it. Today it is
assessed at $l40, 1876, 300 and in 1919
did $2,400,000,000 worth of busi-
ness.-Ex.