davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1921-12-21
NEW ORLEANS COTTON


 New Orleans, Decembe 20.@Small- CT ginning returns than expected put the cotton market higher in the early trading today, but toward mid ses- sion a reactionary feeling developed and from then on the tone was soft great deal of liquidation came from the long side and short selling was in fairly large volume in theory that the reaction would be prolonged be- cause of end of the year conditions From advances of 30 to 36 points over the close of yesterday there was drop to levels 1S to 24 points under the close of yesterday, last prices be- ing at the lowest. January rose to 17.92c and dropped back to 17.S6ci
 The ginning figures of 7,799,45S bales produced to December 8 were at least 100000 bales under bearish expectations. During the first part of the first call the market hesitated and even made slight declines on the near positions. but strong bulges inn mediately followed the issuance of the ginning returns about midway in the call. The rise continued until about the middle of the morning on the argument that the ginning fig ures indicated that the government had over-estimated the crop with it's figures of s.340,o00 bales.
 In the late trading the market paid much attention to outside news and more or less selling was done on re- ports that idle freight cars in this country were increasing and on the rumor that Great Britain had refused to withdraw troops from Ireland.
The Birmingham age-herald., 1921-12-21
s. R. STEWART X CO.'S LETTER

Birmingham, December 20.-Liver- pool cables were not so encouraging at the opening this morning, the fu- lures in that market were slightly under due with light sales at 5000, which were 4,000 less than yesterday, However, the market gained its loss at the close the ginning figures hav- ing a bullish effect in the European market. Cables stated decreasing spot demand was causing dull and featureless futures.
 The governments ginning figures of 7,779,45S against 7,646,000 and 10,SS7,- 55S last year were bullish and caused our markets to open at an advance of about 10 points and brought about a further rally which carried prices above yesterdays high, but those who had been buying cotton the past week took advantage of the rise and a lot of profit taking was apparent Spot demand was rather quiet and this along with the expected reaction brought in additional sales which forced values about 25 points under yesterdays finals. Outside the gin- ming report there was no particular cotton news. Today's reaction was a natural one and we believe at this level purchases will prove profitable. -S. R. Stewart X, Co.
The Birmingham age-herald., 1921-12-21
PROFIT TAKING IN
 WHEAT CAUSES A
 FRACTIONAL LOSS
Corn and Oats Both Dip With Wheat, While Provisions List Varied a Few
 Gents
By Associated Press

Chicago, December 2o.-Notwith- standing that cold wave predictions for the winter crop belt, together with lack of moisture in the south west. gave considerable strength to the wheat market today, profit talk ing at the last led to declines. The close was weak, h to $.c net lower, with May $1.14 to t1.141s and July $1.03h to $1,OS5s. Corn lost Ac to Bc and oats 1s O. Ac to A e asc.
 In provisions the outcome varied from unchanged figures to 5c lower. With a forecast out of zero tempera- lures as far south as northern Kan sas and with complaints current that the western half of Kansas had re- ceived no rain or snow and that the western half of Oklahoma was also excessively dry, the wheat market averaged somewhat higher until the final half hour. Revised estimates of world import requirements count ed at one time as further stimulat- ing influence.
 SetbaclHs in Winnipeg quotations, however, and satisfactory progress more or less of an offset. Holiday curtailment of the volume of trad ing, too. tended to deprive the mar ket of sustained support.
 Near the end of the session sellers clearly outnumb bered buyers, and the finish was at the lowest level of the days range.
 Corn and oats were easy in thu. absence of any special demand. Pros pective cold weather was construed as bearish. Action of the hog mac- ket governed provisions
The Birmingham age-herald., 1921-12-21
ADVANCES WERE
 MET BY REALIZING AND DROP IN STAPLE
General Cotton List Closed Easy, Net Seventeen Points Lower to Two Higher
 on the Day
RYAssnclnfed Press

New York. December 20-A further advance met a good deal of realizing and some southern selling and was followed by reactions in the cotton market today. January contracts sold up to 1S.70c during the early trading, making an advance of s9 per bale from the low level of last week and all positions made new high ground for the movement Later the price broke to 1S.24c for January, which closed at that level with the general market closing easy, net IT points lower to ? points higher. Near months were relatively easy during the entire day and there was further transferring of long hedges from Jan uary to May and July.
 The market opened. steady at an ad- vance of to 22 points in spite of relatively easy cables and the more active positions sold 30 to 37 points net higher before the end of the first hour This made an advance of about 140 to 1S0 points from recent low levels, which evidently attracted con siderable realizing for over the holf- days. There was buying on a scale down which found encouragement in the comparatively small ginning fig ures and reports of a gradually im- proving spot demand. but it appeared to be quite readily supplied and the market was weaker in the late trad ing under realizing by western, Wall street and local longs and southern selling.
 December sold off from 1S.72c to 1S.50c and March from 1S.57c to 1S.10c, with the market closing at the lowest levels of the day. The census report showing 7,799,45S bales ginned to De- cember 13 or 155,192 for the last period, was regarded as indicating that the crop would not exceed the last government estimate if 1t did not fall slightly short of that figure. Private cables said the decline in Liv- erpool was due to scattering liquida- tion in a narrow market and there was no change in the news from Man chester. Reports from the domestic goods trade indicated that higher asking prices had checked the demand for print cloths. but it was reported that eastern mills were showing a little more interest in the spot mar ket
The Birmingham age-herald., 1921-12-21
Priuate Wires Tell
 of q Rather Liue
 Market Yesterday
SHANNON & CO.'S LETTER

New York, December 20.--(Special.) ) After the advance to new high levels for the movement the cotton market reacted on profit taking, New Orleans selling and some little hedge pressure. It is reported that the Peoples bank and the Realty Savings and Trust company, two Savannah banks, closed their doors today. These reports may have been responsible for little sell ing, but they were not generally con- sidered a market factor. Some of the big commission houses have been ad- vising sales on this bulge and there was selling through such sources on the advance, much of it in the way of profit taking.
 We can only reiterate our feeling that the constructive side of values is best for the long pull, although we hardly feel that the time is quite ripe to follow. advances too closely.
 The professionals came down bear ish this morning and sold some stocks. There also seemed to be a moderate increase in the short interest yester- day. The market has not gone down today but it has hesitated, and only one or two specialties have advanced.
 Money has loaned at per cent quite freely and it loaned at this fig ure yesterday and rates for the month will probably be higher than they were last month for the banks are
The Birmingham age-herald., 1921-12-21
HOLIDAY DULLNESS TAXES HOLD WALL STREET YESTERDAY
All Liberty Bonds Sold Down Seventy Gents to Dol lar and Quarter on
 the Hundred
By Associated Press

New York. December 20.-Trading on Che stock exchange today lapsed into the dunuess which usually marks the approach of the holidays Spe- eial and secondary issues with little public following were firm to strong, but high class investment shares moved within contracted limits.
 Bonds were heavy all the Liberty issues selling down from roc to about Sf.25 per S1O0. Minimum quotations represent reactions of g ,to almost sl from November high records
 The money market probably &C., counted in part for these uncertain tendencies. Call loans opened at 5lA per cent, the highest initial rate in several weeks subsequently advanc- lag to per cent Time funds were lass plentiful.
 Foreign exchanges made further rallies from last weeks setback, a ircumstance attributed to latest ad- vices respecting Germany's repara- lions payments. There were few other developments bearing even re- lAotelY upon market values.
 Junior steels and equipments, mo-
 
 utilities of the gas and power divi- sfou rose 1 to 2I5 points. Rails oils, lubbers and tobaccos eased almost to The same extent.
 More price reductions in raw sugar nd other foodstuffs and prospects of further downward revision of sched- ules by independent steel producers were accepted as a logical result of backward conditions in these and kin dred industries.
 Dealings in foreign remittances were light, aside from the demand for British. French and Dutch bills. Excepting the Danish rate, which for feited part of yesterdays substantial advance, all European currencies, in cluding German marks showed a strong undertone.
 Various junior railway issues in the bond list were strong, but the general trend was in keeping with the re- Nersal sustained by the Liberty group. The public offering of Danish $50, 900, . GOO bonds was soon subscribed Total sales, par value, aggregated S19,250,000.
The Birmingham age-herald., 1921-12-21
SUGAR MARKET

New York, December 2O.-Interest In the local raw sugar market today was centered entirely in uncontrolled sugars, sales of which to both oper- ators and refiners amounted to 125,- 0V0 bags, some old and some new crop, for January and February ship ment. at cents cost and freight. equal to 3.60c for centrifugal. the committee made no change in their quotations. which are 2Ac cost and freight, equal to 3.S6c for centrifugal.
 The raw sugar futures market was steady, although there was only a light volume of business, as operators We're inclined to limit operations and await developments in Cuba. Decem- Der closed points net higher while other positions were unchanged. Jan nary closed 2.13c; March 2.15c' May s.26c and July 2.40c. The refined market was unchanged at 5.1Oc fo- Tine granulated with only a moderate demand There were no transactions m refined futures and closing prices were unchanged. January closed at "c, March 5.10c and May 5.25c
The Birmingham age-herald., 1921-12-21
HTBRARD,S L.ETTER

New York, December 20.-tSpecial) The ginning report as issued by the government proved lower than eX- pected. consequently the market ad- vanced 8 to 10 points over the pre- yious close. A steady undertone was apparent throughout the day even un- der considerable realizing before the holidays. The trade was waiting for reaction all day on the belief that the advance of the past week had been sufficient to discount favorable reports. We would not be surprised to see more liquidation before the close of the market. The trade is becoming more cheerful both here and abroad and are looking forward to more activity in the market after the turn of the year.-Hubbard Bros. & Co.
The Birmingham age-herald., 1921-12-21
COFFEE MARKET


 New York, December 20.-The mar ket for coffee futures opened at a further decline under scattering liquidation or realizing for over the holidays. The disposition to close out long contracts was increased by the unsettled show of the Brazilian cables, but after selling off to S.47c for March, or about 63 points from recent high levels, the market turned steadier on renewal of bull support or covering. Rallies followed, with March selling up to S.62c. or points net higher but other months did not fully recover their early losses. and the market closed points lower to points higher. Sales were esti- mated at about 65,000 bags. Addi- tional deliveries were reported on De- cember contracts. bringing the total so far this month up to 27S,500 bags. December S.6ec; January S.52c March S.62c; May S.50c; July S.50c; Septem- Der S.54c.
 Spot coffee quiet; Rio Is. 9hc; San tos ts, 12Ac to 12Ac. Cosl and changed to lower. while offers from Rio and Victoria averaged higher. They included Santos 3s and 5s at 12c to 12.Soc; Rio IS at S:45c to S.GSc and Victoria Is and Ss at S.4Oc Amer ican credits. The official cables re- ported a decline of SO reis in the dol lar buying rate. with an advance of 1.S2d in the rate on London. The Rio market was 275 to $50 reis lower and Santos about 500 to $50 reis low CT. Brazilian port receipts 46.000; Jundiahy 24.000. Santos cleared Ill., 900 for New York.
The Birmingham age-herald., 1921-12-21
PORT MOVEMENT By Assoriated Preas

New Orleans: Middling 17.75c; re- ceipts 3,514; exports 5,045 sales 1,152; stock 391, ,504.
 Galveston: Middling lS.15c; receipts 14.116; exports 32.9Ss; sales 614; stock S55,51O.
 Mobile Middling Tie; receipts 2S2; sales 19 stock 16,074.
 Savannah: Middling 17.SSc; re- ceipts 3,s69; sales SIT; stock 163.6 Charleston: Receipts S54; exports 13,526; stock 1O6.s7s
 Wilmington: Receipts FPS; stock 41,215.
 Texas City: Stock 12,27o.
 Norfolk; Middling 1I75; receipts 1,569; exports 1,66S; sales 279; stock 1S7,2S6.
 Baltimore: stock 2.474.
 Boston: Middling 19c; stock 5S,000. Philadelphia: Receipts 460; stock 13. 303.
 New York: Middling 1S.SOc; sales 500; stock S7.102.
 Minor ports: Receipts 2,446; ex- ports S,43S; stock 2,150
 Total today. Receipts 2IS3S; ex- ports 5,665; stock 1889, 7O5.
 Total for week: Receipts 73.697s exports 90.962.
 Total for season: Receipts 3,344, :. 2S6; exports 2,755,640.
The Birmingham age-herald., 1921-12-21
By BRIGGS

holding this money market around and per cent all the time and the broker has no option but to pay the rates demanded.
 The comparative tightness in money no doubt has affected the markets buoyancy to quite noticeable degree, especially the government bonds which have been really weak for the first time in long while. This sell ing Is attributed to liquidation by people who prefer to put their money in the New York city issue and other kindred new flotations. Today has been a dull day at best.-Post Ss Flagg.
The Birmingham age-herald., 1921-12-21
INFERIOR MOVEMENT
By Associated Press

By Associated Bress
 Houston. Middling lSc; receipts 1S.1S1: shipments 14,710; sales 2,91s; stock 32O,S76.
 Memphis: Middling 1S.25c; receipts 2,S12; shipments 1,s15 sales 2,25O; stock 67,S93.
 Augusta; Middling 17.63c; receipts 2,391; shipments 1,276; sales 176; stock 146,992.
 St. Louis: Middlng 1Sc; receipts 4,O0O; shipments S,561; sales 75O stock 25.071.
 Atlanta Middling 1S.25c.
 Little Rock: Middling 1S.25c; re- ceipts 1887; shipments 205; sales S61; stock 63,031.
 Dallas: Middling 17.5oc; sales 4.523. Montgomery: Middling 173Sc; sales S9.
 Total today: Receipts 29.221; ship ments 21,6OS; stock s2S,S6S.
The Birmingham age-herald., 1921-12-21
OVER s1.ooo RAISED

Troy, December Especial. )-- The Sunday school of the First Bap- tist church in Troy raised over s1,OOO Sunday morning for the Baptist or phanage, having challenged all of the Baptist Sunday schools in the state in this work. The reported collec- tion was $1,001.73 but other collec- tions are said to have come in after the report. A splendid program was carried out at the Sunday school hour
The Birmingham age-herald., 1921-12-21
FOREIGN EXCHANGE By Assoc;atad prass

New York, December 20.-Foreien exchange steady. Great Britain de- rand 4.21; cables 4.21k; 60-day bills en banks 4.1S. France demand S.l0b; cables S.11- Italy demand 4.5s: cables ,s2 F Belgium demand 7.76h; ca hles fth Germany demand 5S; cables
 F. Holland demand S6.72; cables ~5,'S Norway demand 1590; Sweden emand 24.90; Denmark demand 20.50; "itzerland demand 1850; Spain de- and l490; Greece demand AIS; Ar
 ntine demand SS.50; Brazil demand s-.S1. Montreal demand 9S1a.
The Birmingham age-herald., 1921-12-21
DRY GOODS
By Associated Press

New York, December 20.-Cotton goods were steadier today and odd lets trading in the gray goods divi- sion was active. Yarns were steader and slightly better demand was re- ported. Some cancellations of spring woolens were reported in the cloth ing trades. Wool goods were quiet. Silk ribbons advanced from to 10 per cent. Burlaps were steady.
The Birmingham age-herald., 1921-12-21
good middling 1s.75c; receipts 9,514; stock 91.504
New York, December 20.-Spot cot ton quiet; middling 1SS0c.
LIVERPOOL COTTON
By Associated Press pnl naaaf11 har on

Liverpool, December 2O.-Spot cot ton moderate business. Prices steady. Good middling I1.65d; fully middling 11.25d; middling 1O.90d; low middling 9.70d; good ordinary s.15d; ordinary 7.40d. Sales 5000 bales, including 5,700 American; receipts 5000 bales, no American. Futures closed very steady. December 1103d; January Hold; March 1O96d; May 10.SSd; July 10.74d; September 10.41d; October t0.25d
The Birmingham age-herald., 1921-12-21
MONEY MARKET
By Associated Press

New York, December 20. - Call money strong, high per cent: low F per cent; ruling rates 5A per cent; closing bid 51a per cent; offered at per cent; last loan 6 per cent. call loans against aoceptances ner cent. Time loans firm; SO days. 90 Gays six months 5@5A per cent. l'rime mercantile paper 5@5A per cent
The Birmingham age-herald., 1921-12-21
NEW YORK BONDS By AssocIafed Preas

U. S 2s registered, bid. .......... 101Ik
 U. $. 2s coupon, bid ............ 1Oi %
 U. s. 4s, registered, bid. d.......... 1O4T U. 1 ;. 4s' coupon, bid .-:::,....... 1O4h Banana Banana s. reglstered bid...... 80
 tahaina 5s, coupon. bid ....,... 80
 Am. Smelling and Refining 5s. sSI. Am. Tel. & Tel. cv. 6s. s............. 10sI
 Atchison gen. Is ............. Sb% Atlantic Coast Line 1st 4s... S5L
 Baltimore X Ohio cv. 4hs ...... TAI Bethlemem Steel ref. 5s............ 90% Central of Georgia consol 5s. 9OM Central Leather 5s ........ 94
 Chesapeake & Ohio cv. 5s........ 85
 Chi, Mil. St. F. cv. 4hs.. 6lx Chi, R. l. X Pac. Ky. ref. 4s.... 75N Colorado X Southern ref. 4hs.. SAX Denver X Rio Grande consoi. 4s... e5
 ETle gen. 4S .-........ 43 Illinois Central ref. 4s...... S2b Int. Mer. Marine 6s ................. S9ia Kansas City Southern ref 5s...... s4% Liggett X Myers 5s 5s.......... 92% Louisville Nashville un. 4s. SSss Mo, Kan. & Texas 1st 4s........., 74% Mo. Pacific gen. 4s ..,........... 6l N. Y. Central deb. 6s ........ 9s7s Norfolk & Western cv Gs ........ 1O4h Northern Pacific As, bid .... s4 Pennsylvania gen. 5s ............. 94Ih Reading gen. 4s .........s...... slh Rep, Iron X Steel 5s d94o). bid. si
 Seaboard Air Line adj 5s.... I5& Southern Bell Tel 5s ........... 94 Southern Pacific cv. 5s, bid d........ 94% Southern Railway 5s ............. S9L Southern Railway gen. 4s .... 6iH Texas X Pacific 1st 5s. bid ....... s9M un' oI k of of C: B. B & | 5Ms iaai,,. ssss~
 U. $. Steel 5s ,................... 9sEs
 Virginia Carolina Chemical 5s . 94is Wabash lst 5s, bid ............. g2a.
 Wilson x Co. cv. 6s...........,... S6M
The Birmingham age-herald., 1921-12-21
METAL MARKET By Associated Press

New York, December 20.-Copper steady: electrolytic spot and nearby 1894 @14c; later 14c. Tin firmer; spot ar. nvurpy s33.25Q33.37 futures s33.25@S3.37. Iron steady and un- changed. Lead steady; spot s4.70@ 4.sO. Zinc quiet; East St. Louis de- livery spot s4.9o@4.s5. Anthony spot S450.
The Birmingham age-herald., 1921-12-21
COTTON SEED OIL
By AssOciated Press

Dy lNsSOcIHIeU FFess
 New York. December 20.-After starting higher in line with the firm ness in crude and cotton, cotton seed oil turned easy under scattered liquidation and with subsequently, heaviness in other commodities mar kets. Closing bids were to points net lower. Sales 14,000 barrels. Prime crude 7c: prime summer yellow spot S@S.4Oc; January s.20e; March S.60c, and May S.S6c, all bid.
The Birmingham age-herald., 1921-12-21
NAVAL STORES

Savannah, Ga, December 20.-Tur- pentine firm, 741sc; sales 1855; re- ceipts 412 shipments 122; stock 13,- 004. Rosin firm; sales 1,050; receipts 2539; shipments 425; stock S207f. Quote: B. D, E. s3.95; r. s3.95Q4; G, H. l, $S.s5@4.o5; K, s4.s0: M. s5.2o; N $5.S5 Wg s5.60; Wv $5.95.
The Birmingham age-herald., 1921-12-21
Hubbard Bros. & Co.

Members New York Cotton Exchange, New Orleans Cotton Exchange, New York Pro- duce Exchange. Associated Members Liverpool Cotton Association. Orders so- licited for the purchase and 5ale of Cotton and Cotton Seed oil for future delivery. Special attention and liberal terms given for consignment of spot cotton tor de- livery.
The Birmingham age-herald., 1921-12-21
BANK OF GERMANY
Rx Associated Press

Berlin, December 2o.-The state ment of the Imperial Bank of Ger many as of December 15 shows the following changes:
 Total coin and bullion decreased 5T5000 marks; gold decreased 1000 marks; treasury notes increased SOL 052,000; notes of other banks in- creased 1.547.000; bills discounted in creased S.200, 0,4s0.000; advances de- creased 62,136.000: investments de- creased 47,2S4.0 900: other securities in creased 7S6. .247, 900. notes in circula- tion increased 1.77S,217, 1000; deposits increased 6,972.932,000 other liabili- ties increased 599,992,000: total gold holdings 993,696.0OO marks.
The Birmingham age-herald., 1921-12-21
CHICAGO GRAIN lfy Associated Proaa
 Chicago.
CASH GRAIN Ry Associated Press

Chicago. December 20.-Wheat: No red $1.14; No. hard $1.11h. Corn No. mixed 47h @4SEc; No. 2 vel low 47% 04SAc. Oats: No. 2 white 36 1h @S71ac; No. 3 white S4@ S6c. Rye No. sec; barley 49@52c: timothy seed S5@6.1O; clover seed s12.50@ 1850. Pork nominal; lard $S.67; ribs S750@S.50
The Birmingham age-herald., 1921-12-21
LONDON MONEY Ry Assoeiafed prass

London, December 20-Bar silver S5 7s ounce. Money 3si per cent. Discount rates. short bills 3h per cent; three months bills 3% her cent.
The Birmingham age-herald., 1921-12-21
NEW ORLEANS COTTON Rx AssnCfa Dec.
SPOT COTTON

Ds Assocthtcu frets
 New Orleans, December 20.-Cpot cotton steady and unchanged. Sales on the spot 294 bales; to arrive gil. Low middling 16c; middllng 17.75c;
The Birmingham age-herald., 1921-12-21
ST. LOUIS LIVE STOCK
 By Associated Press

East st. Louis, December 2o.-Cattle: Receipts. 1000; steers fairly active, steady to strong quality common to me- dum beef cows and heifers Dc to 25c lower hard to sell; canners strong.
 BULK -...-... ss...--ss z.uOW zIo Bulk bolognas .. s.25@ $50 Practical veal .calves, top. $50
 Bulk ...,.... ............. 5000 S.25
 Hogs: Receipts. i0.600; butcher grades closing steady with days advance, l5c to 25c higher light lights and pigs steady to 10c lower, with poor clearance.
 Top .,......... ................$ 7.25
 Bulk lights and medium wtss 7.10@ 7.25 Bulk lights ...,............. 6.S5@ Tlb Packer sows ...,........ o.60Q 5.S5 Pigs ......,............. 6.50d 7l0
 Sheep: Receipts 1.500: closing steady Lambs. top to city butchers. .$l0.50
 Bulk best lambs ........ 9.25@1o.25 Culls .................. 6.b0N t.oo Ewes .............,....... S.OoQ 400
The Birmingham age-herald., 1921-12-21

Odors from the Lake Island gar haze plant, formerly operated near New York city were seriously of fensive at a distance of eight miles.
The Birmingham age-herald., 1921-12-21

St. Louis, December 2O.-Cash wheat No. l red s1.0S@1.14a; No. s1.06; December $1.11 F; May SLIPS. Corn: No. white 46 F @ 47c; Decemebr 46% c; May 511 11 @51ssc. oats: No. 3 white 34 E o 35c; December 34 c; May 39 1s C..
The Birmingham age-herald., 1921-12-21
RICE MARKET

Ny Associated Fress
 New Orleans, December 20.-Rough rice strong. Sales none. Millers' re- ceipts S,454 sacks. Clean rice strong. Sales s,175 pockets Blue Rose at 1 % e 4%c. Receipts 5.341 pockets. Bran and polish unchanged.
The Birmingham age-herald., 1921-12-21
PRODUCE

New York, December 20.-Butter unsettled; creamery higher than ex- tras 4319 @44c; creamery extras 42h @43c; creamery firsts 361a @42c. Eggs steady; fresh gathered extra firsts 56@5Sc; firsts SOC 55c. Cheese steady, average run, 201a @21c.