davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1920-05-25
New York Futures By Associated Press
New Orleans Cnttnn

New Orleans. May PA decided downward movement developed in the cotton market today following gains around the opening. Early steadiness was due to continued unfavorable crop reports while the selling later had it's start in the favorable weather map and prospects of continued favor able weather for the greater part of the belt and was continued on rumors of unfavorable complications In Ger man politics. Lowest prices were reached late in the day when the trad ing months were 30 to AS points under the close of Saturday. October touch ing 34.14c. The close was at net losses of 30 to A points.
 The opening was higher and the i'm provements continued until 1t amounted for the buying was a private bureau report on condition of 64 per cent of a normal accompanied by an estimate that the acreage was unchanged com pared with last year and indicated crop figures of 10,200,000 bales The market reached it's highest levels after the weather map was posted. The low pressure area to the south of Florida was held to be important in connec- tion with the warning issued for dis turbance in the West Indies.
 After the forecast, calling for dry weather over the greater part of the belt. the advance was checked. July stood at 37.72c at it's highest. For a while it was an unsettled market, but finally it attained a pronounced down. ward trend
The Birmingham age-herald., 1920-05-25
PLANTING DELAY HAS
 BULLISH INFLUENCE ON THE CORN MARKET
Upward Swings Begin Immediately After Opening, With No Liqui- dation In Eyidence-Close
 Is Nervous
By Associated Press

Chicago, May 24.-Reports of planting delays throughout important sections had decided bullsh influence today on the corn market The ciose was ner- vous, H@515c net higher, with July sl.6l al.61ss and September s1.5OS@1513s. Oats finished unchanged to Sc up and provi- sions from S5c decline to 47c gain.
 Upward swings in the corn market with shorts covering freely, began all most immediately after the opening and with no liquidation in evidence continS.d until just before the close. Buying at tained it's greatest impetus simultaue- ously with general notice of gossip that to an unususl extent wet soil conditions had been a hindrancc to getting the nsw crop into the ground and that the suc- cess of planting would in a large meas ure depend on the amount of dry wealth CT in the next ten days. The fact that receipts today were not heavy tended also to stimulate demand. especially for the May delivery. Besides, talk of new export business in wheat and rye at tracted attention. At the last, however longs started to unload and found sup port lacking.
 In oats, as well as corn. thore was ex- tensive covering by shorts. Packers buying made provisions average hig1er despite weakness of hog values.
The Birmingham age-herald., 1920-05-25
BULL|SH OPENING WAS FOLLOWED BY. RENEWED WEAKNESS.
The General Cotton List Closed Barely Steady at a Net Loss of 20 to g
 Points
By Associated Press

New York, May 24.-An opening ad- vance on bullish crop reports was fol- lowed by renewed weakness in the cotton market today, owing to un- favorable trade advices and further liquidation. October contracts sold off from S5c to S4.15c, or 52 points below Saturdays final figures. and closed at the lowest. with the general list clos
 ing barely steady at net loss of 20 to 52 points.
 The market opened steady at an ad- vance of 20 to 43 points on covering, while there was buying on reports that a prominent southern authority estimated the condition of the crop at only 64 per cent, or the lowest on rec ord, the acreage at about the same as last years and placed the indicated crop at only 10,200.000 bales. This carried July up to 3Sc and December to 93.S7 making advances of about 67 to 65 points from the low level of Sat- urday morning. The early demand was soon supplied however, and prices turned easier under Wall street and local selling. Much of this was sup posed to be based on reports of can celations in the goods trade which some of the local traders thought might lead to liquidation of mill hedges in early new crop months. Later there was also selling by brokers with southern connections, while Japanese interests were credited with selling July and early new crop deliveries, and the lowest prices of the day were reported in the late trading. July broke to S7.05c and December to 33.05c, or 25 to 55 points net lower on the general list. The prospect for a very bullish official condition report next week led to some covering during the middle of the day and rallies of sew eral points, but otherwise there was very little buying around the ring and nervousness over outside conditions was increased by the unsettled tone e the stock market. Port receipts today were 3.730; United States port stocks, 1.07S,519; exports, 11,113, making 5.S59, | 0S5 so far this season.
The Birmingham age-herald., 1920-05-25
SPECIAL FEATURES WERE LACKING ON
 WALL STREET LIST
Call Loans Still Towering at 6 Per Cent, Easiest Mon-
 day Money In Weeks

New York, May 24.-The session of the stock exchange today was devoid of special feature aside from the superti- cial character of the trading. Financial, industrial and commercial developments over the weekend seemed to offer lit- tie immediate relief from recent unset tied conditions.
 Efforts to place a favorable construc- ton on the low rate for call loans, which renewed at per cent, the easiest Mon- day quotation in several weeks, met with recent success in the face of further stringency of time funds.
 Deflation of credits made additional progress under the supervision of the federal reserve board.
 Signs of break in the freight block ade were apparent, but merchants at important eastern and western centers reported further dimunition of activity and slower collections, attributed parSfy to the price-cutting crusade
 Mexican affairs assumed more serious aspects, the shares of leading oil compa- nies operating in that country being under constant pressure with low grade domestic issues of the same description.
 Shorts experienced little difficulty in effecting further price impairment of steels. equipments, motors, the food group and rails, the latter forfeiting much of the advance made on recent an- nouncement of the establishment of the governments revolving fund. The one conspicuously strong stock was Atlantic Gulf, which closed at a gain of almost g points.
 Dealings in bonds were relatively light, the Liberty and Victory issues yielding part of last weeks advance with several cs the foreign war issues, while domestic rails and industrials were irregular. To- tai sales, par value. aggregated $17, ,250,- OOO
 Old United States bonds were un- changed on call.
The Birmingham age-herald., 1920-05-25

future is. He speaks first of all of the eXtravagant wages and some of the eN-
 travagant profits. He refers to the lacN
 of sufficient production, and also to the fact that more people than is generally
 supposed to be the case are being se-
 riously affected by the high cost of liv- ing.
 THE MONEY MARK EFT FACTOR
 Then too there is the money market
 factor and this in part explains the in- ability of industrial leaders to look with confidence into the immediate future Not until some years have passed will it be
 possible to set forth in figures appro.sl- mately the amount of capital which was wasted in the war but it certainly was up in the billions. Then, too, the money
 market has been affected by the enor- nous amount of American commodities
 which have been sold to other nations upon credit Then again the currency Of
 all nations is inflated, money is tight and rates of interest are very high. One
 of those who is of high authority said this morning that undoubtedly the begin ming of the process of deflation of which
 the country has had a demonstration
 since the first of May partly explains
 the foggy outlook for business. While deflation is in progress business condi- tions will be somewhat uncertain.
 On the other hand MT. Landberger calls attention to various factors that are already beginning to produce a reaction which ultimately may reach so far as to
 bring about a recovery to normal con- ditions. One of these factors is the in- crease in our imports. Frank A. Van derlip and others have already spoken of the necessity of so greatly increasing
 our imports as to more than offset the enormous international trade balance which for some years has been in our fa- vor Bankers say that England expects 1 to pay a large part of her debt to the United States by commodities which she will market here.
 l Then, too, a deflation of the currency has begun and the banks are beginning to deflate, so to speak, frozen credits.
 Our exports of gold to South America furnish a favorable factor but one of the l best of the influences now at work is the i tendency of the people to put an end to extrvagance, to practice thrift and to refrain from buying commodities unless l the prices for these commodities are req sonable This tendency will inevitably cause a greater reduction in the price of goods These are some of the influences which | have created the fog now almost impene- trable to even the keenest and ablest l of our business men. For the moment l it is forgotten some bankers say that i the United States was greatly enriched i by the war and that is something that cannot be said by any of the other na- tions that took part in the war. Fur
 thermore as many as from three to five years will be needed for the quickening of Europe.
 | The very fact that the business out 1 look in this country is now so beset by
 recognized uncertainty of itself justifies
 the prediction that our American busi-
 ness life will take and in fact is now taking necessary steps to prevent sudden
 collapse or very great business demor-
 afZation
The Birmingham age-herald., 1920-05-25
Coffee Market Qv Assoniatad prsse

New York. May 24.-The market for coffee futures opened unchanged to twenty points lower under July liquida tion but soon rallied, owing to the advance in Rio and reiterated re- ports of cold weather in Brazil There was some covering and trade buying on the advance, which carried July contracts up from 15c to 15.25c and December from 1483c to 14.93c. The close was a shade off from the best on some positions, but showed net ad- vance of 10 to 15 points. A private cable received here from Brazil said the market was firmer on the cold weather and reports of frost from the interior. but many local traders were inclined to question the probability of any serious damage to new crop pros- poets from cold weather at this season of the year.
 May, 15.15c; July 15,soc; September, 1499c; October, 14.9Sc; December, January and March. 14.94c.
 There was an advance of $50 reis in the Rio market. but a decline of 1-32d in the rate of Rio exchange on Lon don Santos futures were 75 reis higher to 175 reis lower. Santos cleared 311oo bags for New York. The off cial weather reported temperatures ranging from 34 to 70 degrees in Sac Paulo. Brazilian port receipts. 10000; Jundiahy, 1000.
The Birmingham age-herald., 1920-05-25
Liberty Bonds By Associated Press Nv AssocIated Press
Money Market ax Asxceiatsd pvses

New York, May 24.-Mercantile pa per, 71a per cent. Exchange strong. tSerling so-day bills, $S.s1 F; commer- cial e0-day bills on banks, $3.S115 com mercial 60-day bills, s3.s1; demand, s3.s6A; cables $3.S7, Francs, demand, 1852; cables, 1850. Belgian francs. de- mand, 1902: cables, 13 Builders, de- lnand, S6 7-1s; cables. 361a. Lire, de- mand. 1S.42; cables, 1S42 Marks, de- mand, 2.49; cables. 250. New York ex- change on Montreal, 10% discount Government bonds irregular; railroad bends irregular. Time loans, tone strong; so days, 90 days and six months, Sh per cent. Call money steady; ruling rate, per cent; bank acceptances, SIS per cent.
 Bar silver, $1.o1; Mexican dollars, T7%c.
The Birmingham age-herald., 1920-05-25
MARINE NEWS
By Associated Pres,

By Associated Press
 New Orleans. May 24.-Cleared; Steam CTS Holden Evans, Newport News; Lake Como, Santiago; Lake Crescent, Santo Domingo via West Indian and South American ports; Suwied, Buenos Aires via Montevideo Rio Janeiro. Isle of St. Thomas and gulf ports; Truxillo, Tela.
 Port Eads, La, May 24-Arrived: Steamers Chaparel, Porto Rico; Jamaica. Kingston; Lake Gardner, Cuba; Mexico Mex), Progreso; Quimistan (Hond), Port Cortez; Santa Clara. Cuba Sara macea, Port Barrios; Yoro CHond), Ceiba.
 Sailed: Steamers Agarista, Havana; Alabama, Port Arthur; Ceiba (dones9, Ceiba; Dayton, Tampico; Menapier (Bel- gian). Antwerp; Nelson, Havana; Omoa Hond.), Ovoa via Port Cortez; P. Claris (Span). Barcelona via Havana; Phdias Br), Antwerp; Port Field (Br), Buenos Aires; War Hindoo (Br). Davenport, England Westerian (Br), Frontera via Tampico; Wildwood, Leith, Scotland and Lcndon via Norfolk: schooner Nomis, Progreso via Mexican ports.
 Mobile, May 2A-Arrivals: Steamer Clark Mills, Huelra, Spain; Lake Canda- leria, New Orleans, La.
 Departures: Schooner Elizabeth, Rath, Cardenas. Cuba; steamer Glorietta, Mat anZas. Cuba.
The Birmingham age-herald., 1920-05-25

American T. & T. cv. 6s ........ s3 Anglo o-French 5s SeSst Atchison gen. As tOn; Atlantic Coast Line 1st As 70ss Baltimore & Ohio cv. Al 5S1z Bethlehem Steel ref. 5s .... 7Sk- Central of Georgia cons. 5s, bid. 75A' Central Leather 5s .......-.... 90 Chesapeake & Ohio cv. 5s .... 70 Chi, B. & Quincy joint As ...... 94
 Chi, Mil. & st. P. cv. 41zs 61Ss Chi. R. I. & Pac. Ky. ref. As ... STA City of Paris 6s .............. 91% Colorado & Southern ref. 41zs e. 66A Denver & Rio Grande cons. As 59ss Dominion of Canada 5s 193D., s7A Erie gen. As, bid ........... 39 Illinois Central ref. As ....... 66
 Int. Mer Marine 6s ......... S5
 Kansas City Southern ref. 5s =. s5is Liggett Myers 5s, bid ...... 77
 Louisville & Nashville un. As ... 72% Missouri, K. & T. 1st 4s ... 54A Missouri Pacific gen. 4s ... 511s New York Central deb. 6s .... s7
 Norfolk & Western cv. 6s, bid... 95
 Northern Pacific 4s ..... 6sssI Pennsylvania gen. 5s :...,.. s2ssi Reading gen. 4s ..... 1874 Republic l. & S. 5s (1940), bid... so
 St. Louis & San Fran. adj. 6s... 5sB Seaboard Air Line adj. 5s .... S3
 Southern Bell Tel. 5s ......... S0A Southern Pacific cv. 5s ......... 941s Southern Railway 5s ........... 7S
 Southern Railway gen. As ...... 54as Texas Company cv 6s ... 1047s Texas x Pacific list, bid ........ ISIS Union Pacific As .............. 74&
 and Ireland 5hs (1ss7) ...... sax -U. S. Steel 5s ............... ss& Virginia -Caro. Chemical 5s 92
 Wabash 1st 79 Wilson & Co. cv. ss ......... S4B
The Birmingham age-herald., 1920-05-25
Cotton Seed Oil By Assneinfad Preas

New York, May 24.-Following an irregular start, cotton seed oil firmed up on short covering and scattered buying for long account, inspired by the strength in lard and grains. Ac- tive months closed 8 to 25 points net higher.h
 Sales, 300 barrels; tenders, 40p barrels; prime crude, 16c, nominal; prime summer yellow spot and May, 19.1oc; July, 19.03c; September, 19.10c; prime winter yellow and summer white, nominal.
The Birmingham age-herald., 1920-05-25
Cash Grain

Chicago, May 24.--Cash wheat. No. f northern spring, s2S0. Corn No 3 mixed, sl.90@1.91; No. 2 yellow $1.91M 192. Oats, No. white. $1.01p103: No ? white, s1.011A. Rye. No. 9 s2.O4 bar ley S1.40n1.55. Timothry seed. s1O0b 1e; clovers eed. s25ms5. Pork nominal; lard s202S; ribs. s17.25@13.25.
 St Louis. May 24-Cash wheat No. ? red winter. s2.s402s5: No. red winter, S2 S212S3. Corn-No. white. sl97; No 3 white sl.sSI195; July s1s5A; September. s1.537s. Oats-No ? white. sl06: No 5 white, H.o4qlOs; July. 9islc; September, 76Ac.
The Birmingham age-herald., 1920-05-25
Chicago Futures
Rice Market
By Associated Press

New Orleans, May 24.-Rough rice, TO sales; receipts, 2,173; mliers re- esirts same. Clean rice steady; sales. Llue rose, 1,747 pockets at 7H12c; Louisiana Pearl 900 pockets at 1sc.
The Birmingham age-herald., 1920-05-25
THE OUTLOOK FOR BUSINESS

electrolytic spot and nearby, 19@19h c; June and July, 1914. Iron steady; No. northern $49; No northern. $4S; No. southern. s4S@44 Tin steady, spot $5S.50; June, July, s52 Anthony, s9.75. Metal exchange quote lead quiet; spot and May offered at sSS5. Zine quiet; East St. Louis delivery spot, s7.50 bid. At London, holiday.
The Birmingham age-herald., 1920-05-25

silk was lower. Dress goods were quiet. Hosiery and knit goods were quiet.
The Birmingham age-herald., 1920-05-25
Interior Movement

Houston Middling. 39.50c; receipts, 3,311; shipments, 3,751; sales. 32; stock. 255,1S1.
 Memphis: Middling 40.50c: receipts. 2,71S; shipments, 2,664 sales. 325; stock. 319.333.
 Augusta: Middling, 41.75c; receipts, s13: shipments, 1.o03. sales. sos; stock, 90,582.
 St. Louis: Middling, 40.50c. receipts, 60: shipments, 50; stock. 16.117.
 Little Rock: Middling, 4o,25c; ship ments 23s: sales. 29s; stock. so,3lo.
 Total today: Receipts 7,143; ship ments. s,104; stock. 732.262.
The Birmingham age-herald., 1920-05-25
Spot Coffee

by NssocIateu FreSs
 New York, May 24.-Coffee: Rio No. ', 15kc; futures steady; July, 15.30c; September, 14.99c.
The Birmingham age-herald., 1920-05-25

New Orleans: Middling. 4oc; re- ceipts, 1895; exports, 4,205; sales, 1,134; stock. 327.402.
 Galveston: Middling, 4050c; re- ceipts. 1,172; exports. 4055; sales, 2SS; stock. 211,777
 Mobile: Middling, 40.50c; receipts, 2; stock, 5,112
 Savannah: Middlng. 41.5oc; receipts, 932; stock. 7S,192.
 Charleston: Middling, 4o.5oc; stock. 247,133.
 Wilmington Middling. 4oc; receipts, 6; stock. s44.s52. Texas City Stock, 32,54s.
 Norfolk: Middling, 40.5oc; receipts, 14s; stock. 57.1s9.
 Baltimore: Stock. 6,142.
 Boston: Middling, 40.5oc; stock, 3,40o.
 Philadelphia: Middling, 40.25c; re- ceipts. 75; exports. 1,so0 stock, 471o. New York: Middling. 40c; exports. 1,053; stock, 44,331.
 Minor ports: Stock, 14.623
 Total today: Receipts, 3.730; ex- ports, f1.113; stock, f,077,411.
 Total for week: Receipts. s.915 ex- ports. 17.692
 Total for season: Receipts, 6,ssl.0l7; exports, 5,sS9,730.
The Birmingham age-herald., 1920-05-25
Victoria Day

BY Httocsattu Ffts8
 London, May 24.-The stock exchange here and the Liverpool exchanges are closed today, Victoria Day.
The Birmingham age-herald., 1920-05-25

Everett Cummings. charged with the shooting of his brother Richard Cum- mings, several weeks ago. has been ac- quilted of the charge, having been given a hearing before Justic of the Peace George McKellar, The defendant was rep resented by E. E. Callaway, local at torney.
The Birmingham age-herald., 1920-05-25
Produce Market

DJ Hssociateo ffoss New York. May 24-Butter steady; creamery firsts. 57E 0601ac. Eggs unsettled fresh gathered firsts. 42M 44c.
 Cheese steady; average run, 27Q 2Sc. Chicago. May 24.-Butter unsettled , creamery 42@ 55c.
 Eggs higher; firsts. 40q41c. Poultry. alive, higher; fowls. 35c. St. Louis, May 24.-Poultry: Hens. 31c; springs. 42; turkeys. 44c; ducks 27 1ac; geese, 1Sc.
 Butter: Creamery 54c. Eggs, 3Sc.
The Birmingham age-herald., 1920-05-25
Dry Goods n. a-~.~k<I n~-s.

New York. May 2a.--cotton goods to- lay were quiet and yarns easier. Eaw
The Birmingham age-herald., 1920-05-25
Eer orleans Futures
 Qy Aasociatad press
Spot Cotton

New Orleans. May 24.--Spot cotton closed quiet, quotations revised. Mid ding, 25 points lower. Sales on the spot, 1,009 bales; to arrive. 125; low middling, 31c; midlding, 40c; good mid- ding, 44c. Receipts 1895 stock, S27,- 4o2.
The Birmingham age-herald., 1920-05-25
Daily Wall Street Gossip
BY HOLLAND.

New York May 24.-(SpeciaL)-A letter received this morning from one of the foremost American industrial leaders whose great plant is in the midwest contains the statement that never before has he been so unable to look into the business future even for so short tim, as month as is the case with him to- day. He surely should know about busi- ness conditions and would be one of the first to notice uncertainties. His products command worldwide market and ara found everywhere in the United States
 His plant is one of the largest in the country.
 If an industrial leader of his experience and successes feels justified in saying that he is unable to forecast the business future even for so short time as one month then it is reasonable to assume that he reflects the opinion held by many industrial leaders. It is not to be in ferred that they are expecting serious business depression. There appears to be no danger of widespread bankruptcy. None of the leading bankers are of the opinion that the slightest danger of a money panic exists. The federal reserve system, with it's almost unlimited power, would be able, if a money crisis seemed to arise to prevent it's growth until it
 became panic. But these industrial
 
 mediate future is to bring.
 One of the leaders in the copper indus try said this morning that although cop per is surely in a strong position because of a reduction in stocks and the de-
 mand from Europe for it, nevertheless there are disturbing features in the sit uation which make it impossible almost for tho SC who are directing the copper industry in the United States to form a n nn,niOp raSnartinC the immediate fll- ture.
 When danger develops into serious panic or business depression is is usually with scarcely a moments notice. One of our bankers said this morning that all of our great panics since 1857 down to 1907 came with cyclonic intensity and sud- denness there being no warning of their coming On the other hand when con ditions are such as to justify an indus trial leader in saying that he cannot look into the business future even month ahead, then there certainly will follow preparations so that what ever the event may be business will be able to meet it and withstand it.
 THE OUTLOOK FOR BUSINESS Some attempt has been made to obtain from business men or men of finance opinions upon which may be based a fair outlook for immediate business. But all the inquiries were followed by answers which made it clear that probably never before has the business outlook in this country been befogged by such uncer- tanty or bewildered by such curious and almost paradoxical cross entrants as is the fact today. There are no real pes simists Many are confident that things will work out we'll in the future for us. The chairman of the American Credit Indemnity Company, l. H. Berger, who is lae, ,y,1 tf collect various facts and statistics and l so to arrange them as to indicate what | the business troubles of the moment really are and what the prospect of tn
The Birmingham age-herald., 1920-05-25
COLUMBUS, MISS.

Columbus, Miss, May 2i.-(Special.)- )- Commencement at the Mississippi State College for Women will be inaugurated Thursday evening with the graduating voice recital of Miss Altee Holmes, one of the most talented and accomplished members of the 1920 graduating class.
 On Friday evening Mrs. J. L. Walker and Miss Jessie Thweatt will be present. ed in their graduation voice recital by Miss Matte Lou Brown of the voice department. Class day exercises are also to take place Friday, and Saturday is alumnae and garden party day.
 Alumnae day will be featured at this commencement A banquet will be held at the Hotel Gilmer and there will be many other features. The classes of 1917 and 1918 will hold reunions. Miss Nellie Kiern, dean of the college, will ofhciate as toastmaster, and Mrs w. c. McNair OF Fayette, president of the association, Is expected to be among those present.
 Next Sunday morning the commence ment sermon will be delivered by Dr. w. S Combs, pastor of the Christian Church of Kansas City. His sermon will be one of the principal features of the com mencement.
 LIT. t4uWlH MlllS, Hedu ul the uVboiN - ment of English of Vanderbilt Univer- sity, will deliver the baccalaureate ad- dress before the graduating class next Monday morning, May 31. class of ll9 young ladies will graduate
 Although the graduating exercises will be held next Monday, the college will not come to formal close until the fol7 lowing Friday Hundreds of visitors from over the south are expected here to attend the graduating exercises.
The Birmingham age-herald., 1920-05-25
Potato Market
By Associated Press

Chicago, May 24.--Potatoes steady; receipts, 5S cars. Northern white, sacked and bulk. $7.5o@ 7.60