davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1920-04-20
ALI COTTON MONTHS
 WENT DOWNWARD. .ON NUMEROUS TIPS.
Close Barely Steady at Net Decline, With June Taking the Big End of the
 Dip
By Associated Press


 New York April l9.-Reports Of dls- turted financial conditions in Japan and that negotiations fora settlement of wage disputes in Manchester had been broken off were considered largely responsible for increased offerings in the cotton market here today. If anything, weather conditions over Sunday were more fa- vorable than expected, and an early ad- vance was followed by sharp break in Tprices, with May selling off from 422Sc to 4t.51 and October from 3725c to S6. 2Oc The close was a few points up from the lowest on covering, but barely steady at net decline of q to 75 points on all months except June, which was To points lower.
 The opening was 25 points lower to 13 points higher, with near months reia- lively easy in sympathy with the Liver- pool cables. May recovered to Satur- days closing figures right after the call, while later deliveries sold about % to 3l points net higher on priavte report of rains in the eastern belt and renewed trade buying The latter was less active than recently, however. while the weather map showed less rain than expected, and while the eastern belt forecast for show CTS was unfavorable, prices became weak during the afternoon.
 Late months broke some 45 to 80 points l from Saturdays closing figures, with July selling at S9.40c and December at S5.23c in, the late trading. The easier ruling of May both here and in New Orleans was a factor on the decline and was accompanied by rumors that cotton was coming here from the south for de- livery on contract.
 Port receipts today. 2S,7SS bales; United States port receipts, 1.21l,263 bales. Elk ports, 10,272 bales,, making 5,421,S76 bales so far this season.
The Birmingham age-herald., 1920-04-20
New York Futures RY Assnniafah Prnss
New Orleans Cnttnn

New Orleans, April 1s.-Heavy sell : ing and wide reactions downward featured the trading in cotton today and the market was depressed almost from the opening. For a short time in the early trading the market hesi- tated and rose 19 to 32 points on pri- vate reports of rains in the central and eastern portions of the belt and on the forecast of more showers east of the Mississippi rior
 Pressure to buy was not prolonged and a little later the market turned decidedly easy and the easiness per sisted to the close which was practical ly at the lowest levels of the day, 6S to S5 points under the final prices of last week May closed t5 points up from the lowest at 402Sc, but other months showed no recovery in the last prices.
 Much less rain fell in the belt over Sunday than was expected and this was the foundation for most of the selling. Private reports told of rain at greater number of points than did the official returns but in the end the official returns had the greater influ- ence.
 Lower prices in the stock market stimulated selling of cotton and there was also selling because of the rumors of financial troubles in Japan and be- cause of the threatened textile strike in Lancashire
 Much of the selling in the day ap- peared to come from longs, which did not want to carry their cotton over the holiday here tomorrow, due to state elections.
The Birmingham age-herald., 1920-04-20
Coffee Market
 Bx Aasociafed Press

New York. April l9.-Reports of a firm
 CT tone in Brazil and talk of an improve
 ment in spot demand as soon as trans portation conditions become normal were
 considered responsible for advances in the
 market for coffee futures here today.
 The opening was one point lower on
 May but generally one to six points high-
 CT, and after some early liquidation May Lsold up to 14.9Sc. or 36 points above Sat T0rdas's closing quotation, while Decem-
 Der advanced to 1482c, or 34 points net higher.
 Closing prices were at the best point of the day, showing a net advance or
 30 to 37 points. April. 14Soc: May. l4.sSc' July. 15.17c: September. 14.92c; October, 14s0c; December, 14S3c; January. AS4c;
 March, 14.soc.
 Spot firmer. Rio Is. 1s.4c; Santos 4s, 24d241zc
 It is reported that some coffee is be- ing shipped from here by boat to coast wise points. but only a few destinations can be reached and some coffee is pe- ing sent to Philadelphia by motor trucks Cost and freight offers were mostly for future shipment, including weIl-described Santos As at g. 3.25623. .65c, London credits. and Rio IS at 16s0c
 ~The official cables reported an ad- vance of 50 reis in the Rio market. Rio exchange was f-16d higher and the dollar buying rate 10 reis higher. The early cable reported Santos futures 50 reis
 higher to POO reis lower. but later prices
The Birmingham age-herald., 1920-04-20
Nrm0Grk Gribn1te

New York, April 19-.Reports of fi- nancial disturbances in Japan. with the possibility suggested that the country's gold deposits in New York may be drawn upon to remedy condi- uons was seized upon as a bear ar gument today by those who believe that the lower stock market prices are warranted, The ultimate effect that the lower stock market prices are warranted. The ultimate effect o6 heavy gold withdrawals by Japan would be to further complicate the tight credit situation here despite whatever aid may come from imports of the metal from England. Great Britain's policy of sending gold here to aid in meeting her obligations in the United States, it was pointed out. might be seriously interfered with should Japan decide to draw down her gold in London. The Bank of Japan reported circulation of 1,555,- 000 ,o00 yen (S77T, 700O, ,0O0) at the close of business on December Sl, last This was secured in part by a gold re- serve of 962, 1000 yen Cs476, GOO, ,000) The largest items in the banks ac- count were 1000, 600 yen in English coin and 321 ,000,000 yen in American coin and 1S5,000,00o yen in gold bull lion.
 Japan is in the throes of a dras- tic financial readjustment of a pam icky nature as a result of over speculation and excessive foreign purchases of commodities, but its un- 6erlying economic position is sound. according to Aliira Den, head of the Japanese financial commission in Naw York, and the withdrawal of gold from Great Britain and the Units.l States is unlikely
 According to latest advices received by Mir. Den the stock exchanges in Tokio, Osaka and Nagoya have been closed for the second time this month because of the inability of brokers to get sufficient banking accommoda- tions.
 Regarding the report that Japan would draw in her foreign balances in New York and London, which are now known to be in excess of $55O.- GOO, 600, MT. Den told the Tribune:
 "It is a mistaken notion that Japan will withdraw her balances. If we wanted to take gold from New York we could have withdrawn 1t last June when the embargo against it's expv~r from this country was lifted. But the Japanese government wants to main tain good relations with the New York market. It does not wish to disturb the money market by withdrawing gold Unless the Japanese govern ment and the bank of Japan are compelled by overwhelming need to bring gold to Japan, don't think they will take this step. I do not think the present disturbance in Japan. it is said, has hit speculators, profiteers and importers chiefly. Late in March, MT. Den declared, the peak of commodity prices was attained and since then the decline has been rapid. Because of the important part it is said to have played in financing irn- ports the Masuba Bill Brokers Bank at Osaka went into hankrunfcv hnf
The Birmingham age-herald., 1920-04-20
MARINE NEWS
ey Associated Press

 Mobile, April 19.-Arrived: Steamer Her man Winter Bocas Del Toro; schooners Albert w. Meyer, Progreso; Louise M. Richards, San Domingo.
 Sailed: Schooner Rena Murphy, Ha- vana.
 New Orleans, April 19.-C1eared: Steam- CTS Cadillac (British), London; Fourth Alabama, Rotterdam via Galveston and Norfolk; Mexico (Mexico), Progreso. Pert Eads April 19.--Arrived: Steamers Excelsior, Havana; Jamaica, Kingston, Jamaica; Lake Grama, Tampa; Neptune, Frontiers; Portfield (Britsh), Brazil, Truxillo, Tela. Arrived: Schooners Ali Och Hedley (I5ritish), west coast of Africa; Muniz- alba (Spanish). Havana. Sailed. Steamers Cambridge, Hamburg, Antwerp and Ghent via Galveston and Norfolk; Eglantine, Norfolk via Calves ton; Kewanee, Tampico; Lake Pewaukee, Porto Rico.
The Birmingham age-herald., 1920-04-20
Sugar Market HN Aaanriatnd prara


 New York. April 19.-The local market for raw sugar was less active today and while there were no sales of Cubas reported, some Porto Ricos sold to Gal weston refiner at 2o06 c. L f.
 In Cubas, the market closed at 1Sizc for Cubas, cost and freight, equal to 1o56c for centrifugal, nominal Holders were offering Cubas at 19c, cost and freight, and it was said that bids of Ac under this level would result in business. although buyers were apparently not VII ling to pay over 1S1kc, the last prices paid.
 In refined one refiner advanced his list 100 points to the basis of 17.50c for fine granulated with quotations now ranging from 17c to 17.50c for fine granulated The demand continues active and much in excess of the supply. Some of the refiners are said to be making deliveries to their regular city and nearby cus- toners, while the country trade is still handicapped by the unsettled labor sit uation.
 In futures the market was firm and higher early, but there was sharp reaction during the afternoon under heavy realizing and some of the active positions declined the full maximum per- niitted in any one days trading. with closing quotations 50 to 100 points net lower.
The Birmingham age-herald., 1920-04-20
THE DAY IN WALL STREET
Reports That Japan May Withdraw Gold Deposits Here to Remedy Demoralized Financial Conditions, Seized Upon as Bear Argument That Lower Stock
 Market Prices Are Justified

1t is understood-a syndicate of other banks is takinE4over it's liability to lo- calize the trouble. This bank had de- posits amounting to 100000.
 The Japanese government, it is au- thoritatively reported, is taking steps now to discourage imports. The eX- cess of imports over exports for the first three months of this year amounted to $140,O0O.0oO and. accord ing to MT. Den, the government trans ferred s50,00O, 900 during February and March of it's foreign balances to Jap anese banks to meet obligations re- sulting from this adverse trade bal ance. To discourage further expan- sion, the Bank of Japan has increased its discount rate on commercial opera tions to 10 per cent, compared with per cent on January 1.
 The general condition was reflected by declining prices in the stock mar kets of Japan, where settlements are made monthly, by-monthly and quar- terly, instead of the day after the sale as in New York
 To protect sellers against the fail ure of buyers to accept deliveries on settlement days when current prices may be much lower, the stock ex- change authorities required buyers, or
  or margins. The brokers find that the banks would not lend money for this. purpose, and, accordingly, on April 2, the exchanges were closed to trading.
 Then strenuous efforts were made to get the Bank of Japan, the central bank, to step into the muddled situa- ton, and give relief to the brokers who were unable to get aid through normal channels. To prevent crisis, the Bank of Japan agreed to give suc- cor, and as a result the three ex- changes reopened for trading on April 1S, but the effect of closing the exchange and the general situation frightened holders of securities, ac- cording to the official cables. and led to a flood of selling orders Indi- viduals scrambled to liquidate their holdings before they declined still more. As result of the further dras- tic fall of security quotations, the stock exchange authorities required buyers to add to the amount of their guarantee-in effect to put up more margin. This was to protect the seller against the contingency resulting from the possible failure of the buyer in the meantime or his inability to make good his part of the contract on set clement days. It was found 1mpos- sible to get further banking accom- modations from the Bank of Japan, and the exchanges were consequently closed again on April IA, and cable sent Saturday gave no indication as to when they will reopen.
 Attempts made today by Allan Ryan to force the shorts in Stutz motors to buy in the stock in order to make delivery were not successful. AL though the three stock exchange firms, through which it was under stood the buying in" orders were placed, refused to give out any in- formation, it was learned in other quarters that the >shorts ignored the latest move of Mir. Ryan to bring about settlement of their con- tracts
The Birmingham age-herald., 1920-04-20
STREET UNSETTLED : EARLY IN THE DAY
 BY FREE SELLING
Monetary Conditions Con tributed to the Reaction. Cali Loans Opened at
 Nine Per Cent
py A..ecla..d Pre..

New York, April 19.--Stocks became unsettled soon after, the opening of today's active stock market on free events over the weekend. especially the railroad strike situation, were re- garded by traders as constructive. tA Reversals of 2 to 10 points marked the almost continuous offerings of oils, motors. steels. equipments and special ties. In several noteworthy instances the setback was even more severe, with no material recovery at the close.
 Monetary conditions once more con tributed to the reaction, call loans opening at per cent. The rate fell to in the final hour, but 1t was then too late to arrest the sweeping down ward course of quoted values.
 Last weeks statements of the local federal bank and clearing house in dicated further strengthening of re- serves, but time money held rigid, Sh to per cent again being bid with little success for 50 and 90-day ac- commodahons.
 Apart from the unbending attitude of the central bank respecting exten- sion of credits, there is cumulative evil
 
 is in prospect. Until these require ments have been met little relaxation is anticipated
 -~ Observations of Chairman Gary at the annual meeting of the United States Steel Corporation shareholders dashed the hopes of those who looked for an early extra" dividend on Steel sscommon stock. Judge Gary spoke op- timistically of trade conditions, but Stressed the need of conserving cash Holdings.
 Moderate firmness ruled in foreign exchange. the only sidelght in that connection being the announcement that negotiations were proceeding for further extensive gold shipments to South America
 There was no let-up to liquidation Of Liberty Bonds in which no new rec < ords ruled, bonds in general, includ- ing internationals. were heavy. Total sales, par value, aggregated $13,375,- GOO.
 Old United States bonds were un- z changed on call
The Birmingham age-herald., 1920-04-20
Liberty Bonds
 By Associated Press
Money Market
 By Associafed prAss

New York, April 19.-Mercantile pa per, 6% or per cent. Exchange firm. Sterling 60-day bills, s3.91%; commer- eial 60-day bills on banks ss.91M; com mercial 60-day bills, $S.91%a; demand, sS.s5; cables, s3.95A. Francs. demand, 16.05; cables, 1908. Belgian francs, de mand, 15.12; cables, 15.10. Builders, de- mand. s7. cables, 37a. Lire, demand. 21.75 cables, 21.7S. Marks, demand, 1.59; cables, 1.60. Government bonds weak. Railroad bonds weak. Time loans strong SO days, 90 days and six months, F. Call money strong ruling rate, per cent Bank acceptances, 6 per cent.
The Birmingham age-herald., 1920-04-20
Live Stock
union Stock Yards.l

NUHIOn OtOck I aIusI
 Fed steers;
 Good to choice, S15.o0@11.00; medium to good. S9.0OQ$10.OO; common to medium, SS.O069.00.
 Grass cattle according to weight, quai- ity and flesh:
 Steers. $500 610O0: fat cows, N,0Od9. .00; medium cows, S6.0O0o700; cutters, $5.50@ 500; canners, $4.O0a5,O %; heavy bulls, S.oO QS.00; light bulls, $6.0017 %; oxen, $400Q S00 fat yearlings,- $700dS.00; medium yearlngs. s6.0OQ7.O0; vealers, SS.0oQlL00 Hogs;
 Choice corn fed hogs, 165 and up, {1i; choice corn fed hogs t35 to 165, S13; choice corn fed hogs 90 to 135, Sl1; light pigs 90 hogs, $11.59; half fat rough hogs, T.50 to ss50; soft and only from to 2c per pound less than above prices.
The Birmingham age-herald., 1920-04-20
Prndnce

Sweet Potatoes-Ss5O per hundred. California Celery-s10 crae; sl.55 dox. Lemons-S5. Peanuts-Spanish, 9c lb.; large, 12Q1Slsc. Cabbage-$650 per hundred. Irish Potatoes-$6 per hundred. Onions $7. 25tfi7.5O 100 lbs
 Bananas-Extras. 7ikc ID. Limes-$1.75 per 100.
 Lettuce-$3.5 hamper 6 to 4 dozen) Rutabagas-4c Ib.
 oranges-Flor1ea, 126s, $500; 15Os, S6.5o; l76s, s7; 20os. s7; 216s, s7; 25Os, s7.
The Birmingham age-herald., 1920-04-20
Bank of Germany

Berlin, April 1B-Cvia London. )-The statement of the Imperial Bank of Ger many issued April shows the following changes: Total coin and bullion increased 2,72S,000 marks. Gold increased 5000. Treasury notes,increased 231, 009000. Notes of other banks increased 264000. Bills discounted decreased 1,464, ,402, 600. Ad- vances increased 167, ,000 Investments de- creased 9,9S5, 900. Other securities in- creased 301, ,095, 900. Notes in circulation increased 447.sS2, 000 Deposits decreased 1,3S0, ,s6e, 900. Other liabilities increased 94 ,S71, GOO. Total gold holdings, 1,o91. 4s,- LOOO ..
The Birmingham age-herald., 1920-04-20
Inferinr Movement
Liverpool Futures

Liverpool. April 1s.r-Corron: Spot slow Of sale; prices easier. American middling fair, 3243d: good middling, 291Sd, fully middling. 2S.1Sd; middling, N1sd; low mid ding, 23-sSd; good ordinary, 20.6sd; ordi- nary. 19.eSd. Sales 5000 bales. including 2.400 American Receipts, 21 900 bales, in- cluding 3O000 American. Futures closed steady. April 25.s2d; May, 25.59d; July. 25. 32d; October. A.3od; December 23-5od; January. 23.34d; March. 2295d.
The Birmingham age-herald., 1920-04-20
Port Movement


 New Orleans: Middling, 4t.75c; re- ceipts. 3,o6s; sales. 76o; stock. 354, 397. Galesttin: Middling. 43.50c; receipts, 3,237; sales. 45O; stock, 231.4s4. Mobile Middling. 41c: receipts, gro; exports, 1.500; sales, 260; stock, 9,34S. Savannah: Middling. 41.75c; receipts, 2,235; exports, s,o97 sales, 26; stock. 133.442
 charleston: Midd1ing. 4o5oc; re- ceipts 1s.O49; stock, 226,o8o. Wilmington: 4oc; receipts, 7ot; stock. 52.617
 Texas City: Receipts, 1s9; stock. so.- 542
 Norfolk: Middling. foe; receipts, esS; sales. 972; stock, 71,579 Baltimore: Stock, $500. Boston. Midding, 43-25c; receipts, s2s stock 5.200
 Philadeiphia Middling, 4sc; exports, 1925; stock. 5,659.
 New York. Middling. 42.75c; ex- ports. $50; stock, S9,sso.
 Minor ports: Stock. 14,s27 Total today; Receipts 2S,71s; ex- ports 1O.272 stock. 1,21o,929. Total for week: Receipts, 4s,014; exports, 25.925
 Interior Movement Houston: Middling. 42.50c; receipts. s.34S; shipments. s,5o9; sales. 1o9; stock, 262,9S6.
 Memphis: Middling, 42c; receipts, 3,713; shipments 2,536; sales, 1450; stock, 329,314.
 Augusta: Middling, 41.50c: receipts. 2,o14; shipments, 975; sales, 1Se; stock. 110.013.
 St Louis: Middling. 41.5oc: stock, 15.59s.
 Little Rock: Middline. 4sc; receipts 334; shipments, 121; sales, 12t; stock, 39,162.
 Total today: Receipts. o.4s7; ship ments, 7.510; stock, 786,246.
The Birmingham age-herald., 1920-04-20
Fish

Gray snapper-Headless and drawn.. i4c.
 Red snapper-Headless and drawn, 2S 62Sc.
 Eastern Select Oysters-$2.50 gallon Spanish Mackerel-22423c. Pompano-S5c. Salt Water Trout-z2d23c. Mixed Bish-12c.
 Mullet-1lc.
The Birmingham age-herald., 1920-04-20
Cotton Seed Oil

New York, April 1s.--Cottonseed oil was heavy under selling by refiners and pressure from local bears, induced by the bearish census report. slow trade demand and late decline in cotton. Closing bids were 32 to 3s points net lower. Sales. 22,- 800 barrels. Prime crude, 16.0o asked prime summer yellow spot, 1sG1s; May
 1sS9 July. 1895; September, 1855. Prime winter yellow and summer white nominal
The Birmingham age-herald., 1920-04-20
Butter

Ribs--No 1, 25e; No. ?, 2ic; No 8, 1Sc.
 Loins-No. i, nc; No. ?. S5c; No. 8, Sie. Rounds-No. i, 29c; No. 9, 2Sc; No. 8, 2lc. Chucks-No. 1. 1Sc; No. 9, i2c; No. 3, lie Plates-No. 1. 12c; No. ?, 1lc; No. 8, 1Oc.
The Birmingham age-herald., 1920-04-20
Hubbard Bi

Cotton Merchants, Ha
 York. Members New Yol
 New Orleans Cotton Exc Produce Exchange. Assoc erpool Cotton Association. for the purchase and sa Cotton Seed Oil for future attention and liberal termi signment of spot cotton fo respondence invited.
The Birmingham age-herald., 1920-04-20
Meats

D. S. Clear Bellies 221hG2f1kc. D. S. Rib Bellies-20is@ s@231hc. Pure Lard-24c. Hams-Regular. 30@35c; skinned. S0QS5c. Pork Loins-2Sc. Picnic Hams-2Sc. Bacon-3SQ45c.
The Birmingham age-herald., 1920-04-20
Chicago Futures
Rice Market

New Orleans. April 19.--Rough rice no sales; receipts 2.203; millers re- ceipts, same; clean rice, steady; sales Honduras. 575 pockets, 12 9-16c; Blue Rose. 3.s56 pockets. 10 3-26c to 12Ac; Carolina. 500 pockets, 13Ac.
The Birmingham age-herald., 1920-04-20
Dry Goods Market

by Nssectateu rfSss New York, AprH 1s.-Cotton goods to- day were steady and yarns firmer in spinnere' hands Raw silk was steady .on a new low level. Dress goods were more active with jobbers. Burlaps were
The Birmingham age-herald., 1920-04-20
Cash Grain D.. A~-~s-kA n-

Chicago. April 19-Cash wheat. No northern spring. se.15. Corn. No. ? mixed, s1.7f: No. 3 yellow s1.731k k01.74. Oats. No. ? white, s104@1.05H; No 3 white. s1o2@1.o41a Rye. No. ?. $204@ e041z Barley. $1.60@1.7 Timothy seed. $a12; clover seed nominal. Pork nominat: lard s19.75; ribs, s17.75@1s5O
The Birmingham age-herald., 1920-04-20
Potato Market

By Associated Press Chicago. April 19--Potatoes steady Re- ceipts. 57 cars Northern white, sacked, q 50G7. .75.
The Birmingham age-herald., 1920-04-20
Louisville Live Stock
Spot Coffee av Assocjated Pregs

New York. April 19.--Coffee. Rio No. ', 15hc; futures firm; May 14.9Sc; July 15.17c.
The Birmingham age-herald., 1920-04-20
HEFLIN

Hefln. April 9.-Cspecial.) )-several business and professional men in the town have donped the overalls. al- though there has been no club formed
The Birmingham age-herald., 1920-04-20
LOCAL MARKETS
Poultry

StagS-301toc. Turkeys-L,ive, 42&'45c- Ducks-S5c- F'ryers-Smau. COG lb.; large. soc. Hens-aGSsc. Fresh eggs-4oG42c.
The Birmingham age-herald., 1920-04-20
Produce Market

New York. April 19.--Butter firner; creamery firsts. 67G 72c. Eggs firm. fresh gathered. firsts, 42@f41zc. Cheese firm. average run, 26@27cA
 New York, April l9.-Live poultry weak; stags, 45c; fowls. Sic: no tur- keys. Dressed steady; western broilers, fresh. 26Q32c: stags, frozen, 37G42c; fowls fresh, 70 4sc: frozen, s0@42c; turkeys. western. frozen. 500 55c.
 Chicago. April 19.--Butter unsettled: i: creamery,s4Qstszc. Eggs lower; firsts. 4l Ac. Poultry. alive. lower; springs. 37c, fowls. 37c
The Birmingham age-herald., 1920-04-20

Dealers " The boys school were the moveme
 Very little this county, a ton land preps at the point tn of the year, O weather. Oats a in some parts of weeks of fair we the farmers will work. Roy. J. T. Roberl removed to HIeflin 1 ing held the position city schools at that several years.
The Birmingham age-herald., 1920-04-20

were quoted unchanged to 1T5 reis high CT Brazilian port receipts, 13.ooo; Jun diahy receipts, 1000
The Birmingham age-herald., 1920-04-20
New Orleans Futures
 QM AaanciaAcd prna.

New Orleans. April 19.---The market closed steady at net decline of 3S to j65 points.
The Birmingham age-herald., 1920-04-20
By Associated Prcss

New Orleans. April 19.-Spot cotton quiet and unchanged. Sales on the spot. I60 bales to arrive, 300. Low mifdling, assoc; middling, 41.75c; good middling 45 25c; receipts, 3,06St stock, 354.392. {
 New York. April 19.-Spot cotton Quiet middling, 42.75c.