davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1921-06-11
FEDERAL RESERVE BANK
Rx Associated Press

ypasbington, June 10--Comoineor re sonrces and liabilities of the lS teoe.- .1 raserve banks at the close or pusi-y nass Iuna & were reported tonkynt py tha federal reserve board as foAows'
 Resources: Gold and gold certill- oates. s297,476,000; gold settlement fund. federal reserve board, Sosl'ooS'- 0o0: gold with foreign agenc,oS' none; total gold held by banks %o1s,- o15. ooo;, gold with federal reserve scents. sl. 460, 35s, 900; gold redemp- tion fund $15l, ,2ss, 900; total gold re- ssrves sa.430,672, 900; legal tender rotes silver, etc, $1s1,s74.ooo; total reserves. $s,5s2.546, 900; bills dis counted secured by United States government obligations, $747.0o6,o0o; all others, Sl,149, s53. 900; bills bought lin open market, $69,501, 900; total hills on hand, $1,965,S6o,0 900; United states government bonds, $S2,S62,oov' United states Victory notes, $2S,o0o; Tinted states certificates of sndeDt- edness: One-year certificates (Pitt- man aecount), s225,S75, 900; all other .65s. 900; total earning assets. " 225, ,572,O00; bank premises, $3s42'oVV; | ! Der cent redemption fund against federal reserve bank notes, $lO.4f9,- oco. uncollected items, $54l,495,OOo' all other resources. $13,4Sz0O0; totai resources. s5,4o7. 3S6.000.
 Liabilities: Capital paid In, $loz'- oss, 900: surplus, s2o2, oss, 900; reserved for government franchise tax, *as'- o5z ,o0o; deposits, government $2o'- 261,00O: member bank, reserve ac count, $1,ss4.075,oo all other, sso.- 721, 900: total deposits, $1,7S5'054,ooo; federal reserve notes in circulation.
 
 notes in circulation, net liability. s141,054, 900; deferred availability items. $447.s57.000: all other iiabill- ties, $s1.os6, 900; total liabilities, $S,- 4o7, Ss6, 900.
 Ratio of total reserves to depesu and federal reserve note haoilties combined. 5s.s per cent
 Ratio of gold reserves to federal reserve notes in circulation after setting aside 35 per cent against de- pcsit liabilities 7a.2 per cent.
The Birmingham age-herald., 1921-06-11
SUGAR MARKET H Ansociafed Pns~a


 New York. June 10.-The raw sugar market was unsettled again today. No transactions were reported but sale of 23.000 bags of Cxecho- Slovakia refined cubes at price test centrifugal, caused bidders to lower their prices and at the cloaa Porto Ricos were quoted at cents bid and 4l.c asked. It will be nee essary to again refine the Czecho- Slovakia cubes in order to make them suitable for the American mar ket. There was only a moderate trade in raw sugar futures and busi- ness was principally in the form oi evening up for over the week end. The undertone was steadier on COW ering and closing prices were , points net higher. Final bids: July, 2.s0c; September, 2.S6c; December 2.65c.
 The refined market was quiet with trading light and principally of a hand to mouth character. owing to the unsettled condition of the spot market Prices were unchanged at 625c to 6.30c for fine granulated although second hand sugars were said to be offered below these quo tationS.
 In refined futures trading consist ed of one lot of September at 5.75c and one August at 5.S5c. Closing prices were unchanged to points net higher. July closed at 5.75c; Au- gust, 570c; September, 5.75c, and Oc- tober, 5.65c.
The Birmingham age-herald., 1921-06-11
Weekly Cotton Review
nr A.so.iatsh Prnaa

New York, June lU.--rne market has been generally quiet but steady during the past week. After selling off to f3.0Sc for October contracts on Monday or about S7 points from the best price of late last month, the market rallied to 13tSc for that posi- ton, but the improvement was not fully maintained, owing partly to further July liquidation. The lat ter past has been in, evidence during the greater part of the week, but the sales of July contracts have been iuite readily absorbed against sell ling of early new crop months at q premium of about 7S to S2 points on October.
 Small lots of consigned cotton continued to reach New York and the inspected stock here now amounts to slightly over 122,O0o bales. but there appears to be enough scatte ring de- mand fo- early ne wcrop positions to make a market for hedges sold against July purchases by spot or banking interests. Otherwise the market seems to have been fluctuat- ing between expectations of an early settlement of British labor troubles and reports of improving crop con ditions in the south.
 The recent weakness of foreign ex change rates combined With the un- settled labor situation abroad has been regarded as an obstacle to eX port business but the market still seems to be expecting a rapid revival of activity in Manchester once the strike of miners and mill operatives is over. There have been complaints of dry weather from some parts of the eastern belt but conditions in other sections have been considere l very favorable and there were ru- mors this afternoon that promi nent southern authority reported an improvement of three points In the condition of the crop for the first half of the month.
 The last weekly report of ths weather bureau snid the crop had made d good advance but commented upon the appearance of weevil in va rious sections and stated that the pest was spreading all over Georgia. Local bulls feel that the probability of weevil damage after an open win ter and reduced use of fertilizer will cry in crop prospects, and that these features are likely to color the crop reports during July and August. A disposition to await developments n this connection and a clearing up of British labor conditions has been re- flected In the comparatively small volume of business during the week, while there has been little or no change in the news from the domes- tic goods markets.
The Birmingham age-herald., 1921-06-11
IRON AND STEEL REVIEW
Cleveland, O., June 10.-(Special.) )- The Iron Trade Review says:

Cleveland, O., June 10.--(Special. )- The Iron Trade Review says:
 Attention is being centered more tion of the railroads as the chief fac- tor calculated to rescue the iron and steel industry from it's present de- pression. Large railroad reQuire- ments clearly are in prospect the release of which is dependent upon the appearance of favorable circum- stances With surplus cars being re- duced at the rate of 20,000 to 25,000 weekly and the grain movement drawing close, the repair of the cars and locomotives is becoming a more pressing necessity. Many of the western systems have decided to re- open their repair shops July 5. In the meantime miscellaneous buying by the railroads actually is on the increase. Apart from the railroad feature the market remains dull and weak, except with the clearing up of some of the wage disputes In the building trades structural steel jobs are coming out more heavily.
 Some large makers have noted an increase in specifications,e specially in the heavier lines. General opera tions, however, are little under i those of week ago. The steel op- eration is running at 34 to S5 per cent this week.
 Pig iron production has dropped to the point where changes are being expressed in small figures. Mays total output of 1,215,1S7 tons is 24.436 tons greater than April, but actually it was less, because of the one day llcnger operation. The daily produc- ton in May was 39,199 tons, com pared with 39,691 tons in April A | ret loss of seven active stacks was shown in the number blowing at the | end of May. being S9. Compared witA May, 1920, pig iron production tne past month has declined l.776,ose | tons, or at the rate of over zl.VVV'oos tons annually. Since December the monthly reduction has been l,4o5'VeA tons, or at the annual rate Of approx imately 17.s00,00o annually, snowink how severe the decline or the p~S< six months has been. 1 Steel ingot production has Kept nace with pig iron, falling to the annroxjmate total of 1.500,00o tons ln May. A slight gain over April or at the annual rate of only lS'1oo'ooo ions. This represents drop in tne annual rate of about 14,000,0O0 tons 1 in six months, and of about 22,ooo,ooo 1 tons one year ago.
 Prjce concessions in finished steer anpear freely. No check yet mas been n,,t on the declining pig iron marke.-
 rhe Iron Trade reviews composite
 .rLet average of 14 iron and steer nrnducts this week is 30 cents unoer KY p of 1ast week. The comparison ;as4s 45 and s4275 respectively.
The Birmingham age-herald., 1921-06-11
HuRRARD,S COTrON LEIrrER

New York. June 10.-(Special.)- )- Our market opened about the same as last nights close, and owing to lack of convincing news regarding the strike it eased oft a trifle during the day. We still hear from good au- thority that the strike is settled but this market will probably remain around these prices. Local interest will be pleased with the federal re- serve statement, and many remarked it showed much better than sx- pected.
 Rain was noticeable over the belt today. This is not what the growing crop wants. Boil wsevil are re- ported in such numbers throughout many districts 1t is believed they will do a great deal of damage this year. Our market we believe will remain steady until some fresh news from abroad. Hubbard Bros. & co.
The Birmingham age-herald., 1921-06-11
Bullish Field Report Sends Wheat Upward
 In Chicago Market
----------------------- By Associated Press

Chicago, June 10.-Wheat prices had an upward trend most of the time today, largely as result of bullish field reports concerning the winter crop and because of fear of a wet harvest. The market closed un- settled, at to,1% c net higher, with July, $1.36 to s1.36K, and September. s1.1S1z to s1.1S% Corn finished un- changed, to s. lower. and oats down ss e hc to 5sc. In provisions the outcome was to 12c advance.
 Except for one brief setback shortly after the opening, bulls showed themselves to be masters of the wheat pit until about midday. Further rains in the southwest were reported and although clearing weather was said to have ensued, uneasiness relative to the harvest conditions remained as a factor on the buying side. Meanwhile, dis patches from two well-known ex- perts in different parts of the Ohio valley created an unfavorable inn pression as to the progress of the winter crop. In the last part of the session, however, the market de- seconded with a good deal of momen- tum, although at no time were prices as low as yesterdays finish. Profit taking on the part of holders was much in evidence, and there was complaint of the slowness of export demand. Bearish financial gossip was also given considerable notice.
 Cora and oats lacked support, but toward the, last rallied somewhat. helped by prospective curtailment of receipts. Provisions were governed mainly by the course of the hog mar ket. ~
The Birmingham age-herald., 1921-06-11
WALL STREET HAD
 MORE ORDERLY DAY WITH LOW RECORDS
Shorts Covered In Some of the More Stable Issues, Notably Rails, With Call
 Money Easy
By Associated Press

New York, June lV'- the sloch market was less active and more or derly today, with irregular to heavy tendencies. Numerous additions were made to the many low records of the year.
 unsettlement occurred in the final hour. when extensive offerings of Mexican Petroleum precipitated an extreme decline of 7a points. Other oils suffered gross losses of two to six points.
 Steels. equipments, coppers, utili- ties and food specialties, particularly sugars. also proved vulnerable to liquidation and short selling at de- clines of two to five points.
 Shorts covered in some of the more stable issues, notably rails. The ir- regular caution was based in part on the better showing of the federal re- serve banks and reports that indi- eated early reduction of rediscounts.
 This prospect was supported by lo- cal money rates, call loans opening at per cent for the first time in several weeks. Moderate buying of commercial paper for interior banks also was reported
 Another increase in the number of idle freight cars testified to ehe steady contraction of railroad tom mage. Suspension of operations for an unusually long period by one of the large steel mills in the Pittsburg district occasioned little surprise.
 The May tonnage report of United States Steel revealing another large decrease. was in line with most fore- casts. Bookings of the Steel Corpor- ation now are at lowest level since March, 1919.
 A sharp rise in Liberty 3Ms. which at its best extended to l per cent, was partly cancelled at the close. Other Liberties were irregular. with the general bond list. including for eign issues. Total sales, par value, $14, 5,000.
The Birmingham age-herald., 1921-06-11
COFFEE MARKET Ry Ag.neiatad Presa

New York, June 10.-The market for coffee futures was lower today. 1t looked as though recent advances had eased the technical position to some extent, while realizing was pro- noted by the somewhat unsettled showing of Brazil and reports of an unsettled tone in the stock market The market opened at decline of 2 to , points and the active months sold 12 to 14 points net lower during the day with September declining to 6.9c or about 22 points frcm yes terdays high level. That delivery closed at the low point with the gen. eral market showing a net decline of II to If points. July e.60c; Septem- Der 6.ssc; October 7.12c; December 7.s7c; January 7.46c; March 7.65c; May 7.Soc.
 Spot coffee was reported in fair demand with Rio Is quoted at to tc and santos 4s at 95A to 10c- More offers were received from Santos in- cluding 3s and 5s at 9.75c to 10.25c American credits.
 The official cables showed temper atures down to the freezing point in the Sac Paulo district of Aware, but 1t was considered too early for them to do any material damage. The dol lar buying rate was 200 reis higher but Rio exchanges on London was Sd higher. The early cables showed an advance of 100 to 125 reis in the Rio market which was followed by a further advance of 75 to 125 reis. Santos was unchanged to 150 reis lower with later cables quoting 1t % reis higher to 300 reis lower. Brazilian port receipts s2,000: Jun diahy receipts 22,Ooo, Santos cleared 70, coo for New York.
The Birmingham age-herald., 1921-06-11
- =
 LOCAL MARKETS

No very noticeable changes took place on Morris avenue yesterday The usual shipments of fruit and vege- tables continue to come in, and the hot weather is causing the demand to be very large for them.
 Local dealers anticipate another increase in the price of eggs. The hot weather, which causes the eggs to spoil in a short time, is given as the cause.
 (BeI- Rodgers Produce Co.)
 Poultry
 Eggs--Fresh candled 25c.
 Hens-2s @ 27c.
 Friers-5ec.
 Butter-20c.
 Cantaloupes-S3 per crate - Appes-Esncy winessps s :o i2S; So 1Ss; s4gs Administrations punches. 50 to 60 Lemons California Terrier brand fine % %oransesNcaiifornia Val, 176. 200, 21s. 25o. s5.5o; 150, $s.5o; 12s. $4.60; 100. $4; Pineapples-3o 36. s5 crate; 42. s4.7s Georgia Pesches-ss.5o.
 Watermeions-,so@as per loo- Beans-Fresh green. s2.5o@s..5 market Squash Yellow and white, small crate. cabbase-Home grown green stock. Tomat oes-Fancy Florida, 12o. s4.5o crate; choice. 1sO. sS;2S crate. 14o-lb. sacks, shc ib.; 6o-lb. crate. 4c lb.; Irish. New York stock, 1se pounds, axe. sack. sack sisP ss; No. ApIs s ieo-Ib. sack. @ ss ~ Onions-Texas yellow, 50-lb. crates. $2.2s per crate; Texas crystal white. s2.75 crate
 okra--Florida, s4.50@5 crate. Besns.Michigan navy. '1eo1lb. H sack, G, Sc fornia lima. baby, Sc lb. Peas--Blackeye, sS. Peanuts-No. Virginia stock. Shc ib.; No. 1 Virginia stock. roasted. sack lots. 10c lb. No. Virginia stock, roasted. 50-lb lots, 1Sc h.: Alabama stock. 6hc.., MaekereWioo Sfsa count, y'eS s7.Se kes. i'' Prunes-40 to 5o lsc h.; 50 to 50, 15c h.; 60 to TO, He ib;; 70 to so. l2c lb.; 80 to 9o' lie lb.: 90 to 100, Sc lb. Rice--Fancy head. Dc lb.
 Evaporated Peaches-Fancy. 5o-lb. boxes. 1ac lb.; Standard. 5o-lb. boxes, 17c Evaporated Apricots-Fancy 25-lb. boxes. aSG lb;; choice. choice, as,lb. ED boxes boxes zoe h. Angeius Marshmallows-5o 1sc packages Market Baskets-D9zen. 7se.
 Standard Fish Co.)
 Gray Snapper-12hc heu Snapper-lSC- Spanish Mackersl-23c.
 Pompano--35c. Salt Water Trout--20@s2c.
 Mixed Fish--12c. Mullet--10c.
 Carp-19c.
 Meats
 (Swift & Co.,, Packers.) D. s. Clear Bellies--11h h @14nc. Pure Lard-Slver1eaf, 12Ac. Jewel Shortening-10hc. Hams-Regular, 2s Q S3c Pork I.oins-22 0 26c. Bacon--24 @49c. Butter-32c. Eggs-27c.
The Birmingham age-herald., 1921-06-11
MARINE NEWS
By Associated Press


 Port Eads, June 10.-Arrived: An niston City, Mobile; Borneo Maru (Jap) Cienfuegos; Burgondier (Bei gian) Galveston; Fagernes Gtaliaa) Galveston; Managua (Nicaragua) Bluefields; Munorway (Nor.) Tampi- co; Nola, Progresso.
 Sailed: James Timpson, Bluefields; Korsfpord (Nor.) Vera Cruz; Lake Fithian, Valparaiso; Maartensdijs (Dut) Rotterdam; Eicarao (Hond. ) Port Cortez; Omoa (Hond.) Tela; Pionier (Belgian) Antwerp; Rajah. ProSresso; Saco, Galveston.
 Mobile, June 10.-Arrived: Tug Jim-Sid, Havana.
 Sailed: Sagua (Dom.) Sagua Cuba :: Vera (Nor.) Belize; Munisla. Havana: :: Schooner Harteny w. Christiansted, Visland.
The Birmingham age-herald., 1921-06-11

Anniston, June. l0-(Special.)-- The official count of the votes cast in Tuesdays special election to i'll the congressional vacancy caused by the death of Fred l.. Blackmon showed that Major Lamar Jeffers re- ceived total of 2630 votes against 501 by Judge A P. Longshore the republican candidate in Calhoun.
The Birmingham age-herald., 1921-06-11

Wholesale and jobbing business shows an increase of mid-seasen quiet, and industry has rather slack ened. with collections about as slow as at any time since id-winter. On the other hand, retail trade, helped by the advance of the season, is about as good as at any time this year, and crop reports are quite uniformly favorable. Indeed, reports from the biggest winter wheat growing areas are better than they were at the date the latest government report was
 gathered. Unemployment returns show a slight increase, but the bulk of this increase is of a voluntary character, in that it is due rather to strikes than to forced shut-downs. At an increasing number of points, how ever, there is evidence that better judgment is dictating partial accept ance of reduced wages, this espec- ially in the building trades Week ly bank clearances $6,511, 036,00O
The Birmingham age-herald., 1921-06-11
SISTERS ATTEND SCHOOL

Tuscaloosa, June 1O.-(Special.) )--- The university summer school has TAI students at this time and more are coming in each day. Two hun dred matriculated yesterday. The vocational students number 250 and their work will continue through the summer without a vacation. A fea- ture of the school which has Aever been noted in this city before is the attendance of the Catholic sisters from Saint Johns school, which adds much to the dignity # the session.
The Birmingham age-herald., 1921-06-11
AUTO CRASH

Selma, June tSpecial.)-S injury to his shoulder and bruises about the body were sustained by pr. c. J. Pullen this morning when his Ford sedan was struck by a truck belonging to w. R. Jones at Mabry and Jeff Davis. Both automo- biles were damaged.
The Birmingham age-herald., 1921-06-11
max GOODS MARKET

New York, June lV.--Cotton goods markets were quiet today with an easier tone reported on print cloths drills and sheetinss. Yarna wool markets and buriaps held steady Demand for knit goods for spot ship ment improved. Piece goods con tinued in active demand in retail stores.
The Birmingham age-herald., 1921-06-11
LIVERPOOL COTTON vH~x A-sAAA D~

Liverpool, June 1O.--Spot cotton quiet; prices steady. Good middling, s.Sod; fully middling, S.40d; middling, 775d; low middling. 6.75d; good or dinary, 550d; ordinary. 4.75d. Sales. 5000 bales. including 2,To0 American. receipts. 5000 bales, no American. Futures closed quiet. June, 8.15d; July S31d: October. s.6sd; January, SS6d; March, S.s5d: May, 9.03d.
The Birmingham age-herald., 1921-06-11
PORT MOVEMENT

New orleans: Middling, II soc; re- ceipts, 4,1s1: sales, 560; stock, 45S.- 624.
 Galveston: Middling II soc; re- ceipts, 5.0t6; exports, i,4a6; sales, 664: stock, ss5.65s.
 Mobile: Middling. lo.75c; receipts, 657 stock. l6,596.
 savannah: Middling. 15Oc; re-
The Birmingham age-herald., 1921-06-11
nETI;RNs rROM FRANCE

Huntsville. June lo.--( (Special.) --R. l. Lytle. prominent lumber ma anufac- turer of Huntsville, has returned from a 1o-weeks' visit to France with his family. He is having his children educated in France.
The Birmingham age-herald., 1921-06-11
COTTON sEEp OIL

New York. June lu.--Lotton seed oil was barely steady with the bulk of business in the way of switching of July to September at 20 points. Outside interest remains light July closed unchanged and later months generally four points net lower. Sales i5,20O barrels. Prime crude 5.6pc: Prime summer yellow spot 7.0oc; July 7.50c: September 7.69c: December 7.7ec; all bid.
The Birmingham age-herald., 1921-06-11
BRADsTREETS REVIEW
" Ae.ecie1ed PS10

New York. June 10.[Bradstrept'a tomorrow will say
 Trade and industry are irregular and cross currents are numerous, with no two adjacent makets re- turning exactly the same reports.
The Birmingham age-herald., 1921-06-11
RICE MARKET

New Orleans, June .10.--Rough rice, no sales. Receipts, .4,419 sacks. Mil lers' receipts same. Clean rice sales. POS pockets Japan at 3H @ asc; 6,S2i pockets blue rose at 2is @3 2-5c. Clean rice receipts, 1000 pockets. Bran and polish unchanged.
The Birmingham age-herald., 1921-06-11
CHICAGO GRAIN MARKEr
CASH GRAIN By Associated Press

Chicago. June 10.--Wheat No. ! hard. s1.66s4 @1.6SA; No. mixed. s1.64. Corn: No. 2 mixed, 61@62c; No. 2 yellow. 61@62c. Oats: No. 2 white, S6% @37hc; No. white, S5% @S61ac. Rye: No. 2. $1.45; bar ley, 64@6Sc. Timothy seed, $4.50Gs. Clover seed, $13@1S Pork nominal; i; lard, s9.70: ribs. s9.5O@10.5O.
 St. Louis, June, 10.-Wheat: No. 2 red winter sl.55@ 1.5s; No. 8, $1.53@ 1.55; July, s1.31; September, $1155s Corn: No. 1 white, 61E; No. 3, 61@ 611sc; July, 59Sc; September, 61Mc, STA @37hc; July, s6c. September, 39Ac.
The Birmingham age-herald., 1921-06-11
MONEY AND EXCHANGE


 New York, June 10.--prime mer- cantile paper. e1A A@6% per cent; ex- change strong; sterling, 60-day bills and commercial 60-day bills on banks, 3.71X; commercial 60-day bills. 5.61 A; demand, 3.76A; cables 3.77.
 Francs demand, 800; cbles, s.02 Belgian francs demand, 7.9S; cables 500. Builders demand, 33.05; ca hles, 33.15. Lire demand, 4.92; ca bles, 4-94. Marks demand, 1.46; ca- bies l.47. Greece demand, 6.o6 Sweden demand, 2230. Norway de- mand. 147o. Argentine demand, SIPS. Brazilian demand, 12.S7. Montreal 10% per cent discount.
 Government bonds irregular; rail road bonds easy. Time loans easier, 50 days, 90 days, six months, K per cent. Call money easy, ruling rate, per cent; bank acceptances, per cent
The Birmingham age-herald., 1921-06-11
METAL MARKET
By Associated Preks

New York, June 10.-Copper quiet; electrolytic spot and nearby, 13h @ s1sNc; July. 13A Q13%c. Tin weak, spot and nearby, s29@29.s7c; futures. s2S.87@2s.25c. Iron nominally un- changed. Lead quiet; spot, $475. Zinc steady; East St. Louis delivery spot. S4.5504.SS. Anthony spot,
The Birmingham age-herald., 1921-06-11
LONDON MONEY

London, June 10.--Bar silver 35 9ad per ounce. Money ] per cent. Dis count rates: short bills 61s per cent; 3 months bills s-16 per cent.
The Birmingham age-herald., 1921-06-11

The great bronze propeller screws first fitted to the steamship Mature tania wore out through thes action of salt water in three months