davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1921-10-30
NEW ORLEANS COTTON.
 By Associated Press

New Orleans, October 29.--Moderare selling pressure was felt by the cot ton market today, practically throu ghout the session, coming ap- parently from the same sources that have furnished most of the selling during the last few weeks. Momen- tarily on the first call the strongest months were l to points up, after W hich the whole list sagged. No great support was met at any time, and the close was at the lowest of the session, at losses under yester- days close of 16 to 32 points. Decem- Der closed at 1S.19c a pound.
 The near months were easier than the distant, as the result of rather extensive straddling operations be- tween months. Local selling ap- peared to be due to an unfavorable opinion of week end reviews of trade In general. The tone was fairly steady during the better part of the day as the result of the report that southern mills were buyers of con- tracts at the decline and cablegrams from Liverpool. in regard to claims of stoppage of machinery that only three mills In Lancashire actually had been closed down. It was stated on the close yesterday that several Lancashire mills had shut down.
 Much evening up came from both sides. longs letting go in spite of the fact that the fourth ginning pe- riod of the season ends Monday, with the close of business, and that bull ish traders are predicting very small production
The Birmingham age-herald., 1921-10-30
Buyers of Steel Are Holding Off for q
 Drop In Freight Rates
By Associated Press

New York. Octiber 2s.-The steel market has been more or less un- settled with demand of an irregular character. As rule buyers show d disposition to hold off In expecta- ton of B reduction in freight rates In some cases, however, there is d fair trade going on, especially in tracting some attention. The heav- fer shapes are still quiet with com petition quite keen tor orders tor more than moderate sizes. A reduc- tion ot si per ton ill the price of steel rails by the Steel corporation mas been generally met by the in uepenuent companies.
 some improvement is noted in the export demand from south America anu Japan and foreign competitses IS iess ol a factor. The pig iron mar, Ket is only moderately active bus prices are st,auily he'd as pro- duction IS being held down 10 about a basis of the current demand. Cop per has shown a better undertone without maternal improvement in de- niand. The small lots recently avail able at concessions from the 13 cent level would appear to have been ab- sorbed and rne large producers are fully maintaining their quotation of Is 10 l3Ac Tor nearby and forward deliveries. A little more export in quiry has been reported with small sales to France and Germany through the Copper Export associa- ton which Is understood to be sell ing at l3h cents delivered in Europe and there have also been small sales of casting for shipment to China.
 Domestic demands, however, re- mained very quiet owing to the un- certainty Of transportation. Tin de- clined half cent in consequence of liberal offerings for nearby deliver ies. less active demand and easier sterling. Lead has shown little change. Local stocks are rather light and demand keeps pace with produc- tion. Zine has been rather easy but sellers are not forcing the market. There has been some inquiry from gaivanizers for prompt shipment. Anthony dull and shade easier with the orient asking for bids.
The Birmingham age-herald., 1921-10-30
Cotton Goods Sales
 Haue Shown Increase
 During Weeks Trading
By Associated Press


 New York, October 29.--Trading in cotton goods has been generally light for the week. In some directions resistance to higher prices Is mo- ticeable, and buyers hold off until they are actually compelled to pur- chase. On the other hand. some lines are being sold steadily at ad- vanced prices, oonspicuously such goods as sheets and pillowcases, brays and suitings.
 Orders for spring goods are com ing forward steadily in wash goods departments. Most of the active sell ing lines now being comprised fn tis- sues squisses, novelties and some of the more staple lines of fine white goods. Percals are being ordered moderately "at value" and cretonnes continue in demand Brown sheet ings sagged little in the early part of the, week but closed somewhat firmer.
 Print cloths also stiffened on mod crate purchases. Cotton appeared to have less influence in bringing about quieter conditions that the reports of railroads troubles and continued delay In ajusting tax and tariff val uation matters. In some quarters production has been lessened a little. In some sections, night running has
The Birmingham age-herald., 1921-10-30
A GENERAL DIP IN
 THE CHICAGO PIT IN
 LAST FEW MINUTES
Wheat, Corn and Oats All Made Fractional Losses, While Provisions Were
 on a See-SaW
By Associated Press

Chicago, October 2S.-A slump In wheat in the final minutes of trad Ing pulled down the entire list on the Chicago board of trade today. Wheat and corn closed %c to lac net lower; oats were off 1h to Mc, and provisions varied from unchanged to 7lac lower.
 Local professionals ruled the wheat pit through most of the short ses- sion. An initial dip and recovery were followed by steadily increased buying, when the professionals found that offerings were light. This car ried wheat to 1Ao over the open ing, but when the profit taking started there was an unusually sharp drop, as 1t developed that the north west had been putting wheat into the pit on every bulge and there was a surplus.
 Some bullish sentiment was cre- ated by an estimate that the coun- try's exportab1e surplus had been re- duced to 64,00o,oQO bushels. To off, set this export milling demands were slow and there was report that southwestern mills might shut down because of absence of demand for flour.
 Corn was firm early and started to climb with wheat, but weakened readily. under the weekend evening up trades. Private reports on farm reserves, scheduled for Monday, were forecast as showing record holdings. One Illinois point reported that New Orleans was outbidding Chicago for To-day shipment corn. Oats were so dull that they merely followed other grains.
 Most of the trade in provisions was in lard. Prices weakened to conform with live hog market conditions. An opposing factor was report of good export demand from England.
The Birmingham age-herald., 1921-10-30
LIQUIDATION IS CHIEF FEATURE IN COTTON
 MARKET YESTERDAY
Closing Prices Showed Net Declines of Fifteen to, 'TWenty-nine Points on
 Days Turnovers
By Ansociated Pres,

NeW fork, october 29.-Tbe Ch1et trading feature in the cotton mar ket today was liquidation of Decem- Der contracts. The weakness of the near months had an unsettling effect on later deliveries with the result that closing prices showed net de- clines of 15 to 20 points. December IS. 74c, compared with 19 03o at the close of the previous day.
 The market opened steady at A de- cline of 10 to s5 points. There was some scattered buying on the in- creased distribution of cotton re- fcoted in the week end figures, re- ports of an improved demand for goods toward the end of the week, and rather more favorable trade ad- vices from abroad.
 The demand was readily supplied, however, and the market soon turned ea gier owing to the near month liQui- dalton or switching from that deliv- cry into later positions. This was not accompanied by any apparent change in the situation as to prospec- tive deliveries. So far as known .Dy IOCdl pIOAtIb very ALttlc COAtoh Is heading in this direction from the Routh for addition to the certified stock, while no change has been re- ported in the prospects, for exports to the far east.
 There were very few buyers, how ever, and comparatively small selling orders sent prices lower, with Janu- ary selling off to IS 54c and March to 1S 50c. The close was within a few points of the lowest. The amount of cotton for ship board awaiting clearance was 174,00 bales, against 173,0OO last year, which was regard ed as pointing to a fair volume Of exports next week, and London cables reported a continued improve ment in Lancashire.
 It was also reported that striking French textile workers were return ing to work, and that something of boom was being experienced in the textile trade of Poland owing to de- mand from Hungary and Russia. Sales in the Fall River market for the week were estimated at 150,0O0 pieces. and the curtailment of pro- duction at only 70,000. Most of the fine goods mills there are said to be sold up to the end of the year.
The Birmingham age-herald., 1921-10-30
COFFEE MARKET


 New York, October 29.-There was a renewal of the demand for Decem- Der contracts in the market for cof- fee futures here today and yester- days reactions were followed by ad- vances which carried December back to the previous high level, although later deliveries did not fully recover their losses. The market opened 5 to 12 points higher with the more ac- tive positions selling 9 to 16 points above last nights closing figures be- fore the end of the morning or up to S.15c for December and 7.95c for Harch. 5, Closing prices were approx imately the best, showing net ad- vances of to IS points, losing bids December, s.17c; January, S,0ec March, 7.94c; May. 7.99c; July, S.o4c; mated at about 44.Ooo bags.
 September, S.0Sc. Safes were esti-
 Spot coffee firm, Rio Is. Sssto SIC; Santos As, 1l& to l2%c. Very few fresh offers were received in the cost and freight market, but they were reported about unchanged to a shade higher
 The official cables reported an ad- vance of so reis in the dollar buying rate, but Rio exchange on London was l-l6d higher. The Rio market was unchanged with Santos 50 to l25 reis higher. Brazilian port receipts 5000; Jundiahy receipts 24.00o.
The Birmingham age-herald., 1921-10-30
SHORT SESSION IN
 STOCK TRADING
 SHOWED STRENGTH
Foreign Oils Showed Some Recent Strength, While the Domestic Issues
 Based Under Sales
By Associated Press

New York, October 29-Stocks were firm to strong during today's B short session, but tho market con tinued to be influenced by technical considerations. Foreign oils showed some of the refent strength, domestic
 Independent steels and shippings responded to moderate accumulation, the former again owing their prom inenos to rumors of mergers. Rails of the investment type receded slight iy at the outset, hardening later.
 Changes among specialties resulted largely from the customary weekend settlement of speculative accounts, but gains prevailed at tho steady close.
 Trading in bonds was light, most of the Liberty issues showing gains, while Victory notes established new high quotations for the year. Ran- road and industrial bonds were mixed, but some of the foreign group. particularly United Kingdom of 1887, were strong. Total sales, par value, ;e,1T5.o0o
 Last weeks moderate deficit in actual reserves or the clearlnB house was cancelled by this weeks cash gain of s1S,s00,o00 and loans showed B further decrease of S31,sSS, 900, mak- ing & total contraction of about $l0S,- 900, 900 for the past fortnight.
 Mercantile agencies reported some slowing down of general business, due to unreasonable weather. Better ool- lections ruled at the big distributing centers of trade and banks were of- fering more freely of funds for com msrcial uses.
The Birmingham age-herald., 1921-10-30

New Orleans; Mlddling. 1S.75c; re- ceipts. s,05s; exports. 37,711; Msales, 296: stock. 41S.794.
 Galveston; Mddling, 19.15c; re- ceipts, 14.641; sales. Al; stock, as7.- 149.
 Mobile: Middling. 17.75c; receipts. 1.e3s; exports. 4.7Sl; sales, lii, stock, 1S.241
 Savannah: Middling, 19.ooc; re- ceipts. 36s2; exports. 12,310; sales, 93; stock. 1ss.35s
 Charleston: Receipts, 257; stock, 19S,7S7.
 Wilmington: Middling. 1S.ooc; re- ceipts, 723; stock. 36,457.
 Texas City: Stock, S .S4S.
 Norfolk: Middling. 1S,25c; receipts, LAO; exports. 4.6oo; sales, 5S; stock, 9S,796.
 Baltimore: Stock, 4.S60.
 Boston: Middhng, is45c: stock, 5,50o. - Philadelphia: Receipts, s59: stock. 1l.65s.
 New York: Middling. 1s.2oc; stock, 134.102.
 Minor ports: stock. 2,6ST.
 Total today; Receipts. 31,69S; ex-
The Birmingham age-herald., 1921-10-30
s R. STEWART & co.

Birmingham, October 29.-In the absence of Liverpool and no partlcu- lar cotton news this morning our market opened slightly lower and ranged downward during the short session closing thirty points below yesterday, the cause was credited to heavy selling by big New York spot houses. Exports for the week were 133,365 against 109, 155 for the sea- son 1,607,00 against e66,S25 last year. Yesterday southern spot markets sold nearly 10000 bales which proved the demand remains good. Fair business In the New York cloth market was reported, the sales at Fall River for the week were estimated at 120,00O pieces, which was a slight increase over last week. The Journal of Com merce morning letter summarizes the situation as Liverpool being heavily short in New York for straddle &C., counts and New Orleans was a large buyer easily on the difference between their market and New York, they also say Japan now has 150,000 more ac- tive spindles than at this time last December The inspected stock In New York fell off 5,460 bales. All of which may be the herald 1t Is be- lieved it will be of larger decrease as soon as the American Cotton asso- citation puts the crop at 6,427 ,000. Very many take the ground that any conservative crop this year will be far too small The weekly statistics were distinctly bullish. It seems as If higher prices are bound to prevail shortly.-S. R. Stewart &Co.
The Birmingham age-herald., 1921-10-30

been becoming more general as a means of reducing costs. Bleached muslins, priced on a basis of 20 cents for A. fruit of the loom, have sold slowly, the resistance to a higher price being plain.
 Cotton yarns have weakened and have sold irregularly. Knitters are still finding 1t hard to secure the higher prices warranted on under wear and hoisery by the much higher costs of yarns. Some contraction Ia production has resulted from low water in sections depending on eleo- tric power
The Birmingham age-herald., 1921-10-30
FOREIGN EXCHANGE

T
 New York. october 29.-Foreign exchange irregular; Great Britain, demand, 3.ssla; cables, 3.9S@; 0-day bills on banks, 3.s0A. France. de- mand T.30i2; cables, 7,31. Italy, de- Eand 3.95 E; cables. , 96. Belgian. demand T.14i2 cables, 7.15. Ger many, demand .561; cables, 57. Hol- land, demand 34; cables 34 .06. Nor way demand 1915. Sweden demand 22 90. Denmark. demand IS 9T. Swift zer1and. demand lS.S S3. Spain, de- mand 80. Greece demand 4.45. Argentina, demand 32 50 Brazil. de- mand IS. Montreal. demand, 921s
The Birmingham age-herald., 1921-10-30
Financial World
 Pleased With Trend
 of Affairs Past Week
Bv Associated Press

New York, october 29.-Cancella- tion of the railroad strike order by unaf inous vote of the union organi- zations was the one important event of the week in the financial district. Tnc stock market responded to this announcement, however with moder- ate enthusiasm.
 From the inception of the contro- vorsy, Wall street believed the diff ferences between the brotherhoods and railway executives would be ad- justed This feeling was heightened when 1t became known that the rail- road labor board had declared the proposed walkout illegal.
 In dustrial conditions affecting the steel and iron trade were featured by the quarterly reports of the United States Steel and Bethlehem Steel corporations. the former failing tp earl. any part of it's common divi- dend and not all of the preferred. In both cases. however. the returns indicated gradual recovery from the low ebt.
 Currency was given to rumors that mergers of various steel equipme ment, motor and oil companies were under way. These were true in the sense that some sort of deal seems to be impending between Pullman and Haskel and Barker. and that several of the Pacific coast oil properties ire likely to be absorbed by influential interests.
 Domestic oils
 The movement in domestic oils, es- pecially those located in California. was the most conspicuous feature of the week. Dealings in those shares at substantial gains exceeded in the eggregate the trading in all ,tller issues.
 Elc krrs' loans showed further re- duction, and commercial demands again were limited to seasonal .e- quirements. Despite these conserv- ative influences and the further pill ing up of reserves by federal banks, the money market gave little prom ise of mediate relaxation.
The Birmingham age-herald., 1921-10-30
Hubbard Bros. & Co.

Members New York Cotton Exchange, New Orleans Cotton Exchange, New York Pro. duee Exchange. Associated Members Liverpool Cotton Association. Orslers so- and Cotton Seed Oil for future delivery. Special attention and liberal ter.ns given for consignment of spot cotton tor de- livery.
The Birmingham age-herald., 1921-10-30
MARINE NEWS
By Associated Press

Ny AsBOciated Press Port Eads. october 25.--Arrived: Antilla. Vera Cruz; Choluteca (Hon- duran), Port Cortez: Colorado Springs. Glasgow; Fert Italian), Ant werp: Nola, Tampico. Sailed: Gunny (NorweSian). Pro- gresso; Hollandia (Dutch.S Amster- dam; Samnanger (Norvegta ). Ham, burg.
The Birmingham age-herald., 1921-10-30
Some Opinions on the Market OUer Priudte
 T;ckers Yesterday
OVER .LAYToN,s WIRE

Hayden, stone & Co.,: We do not believe that differences of 8 few hun- dred thousand bales in crop esti- mates is going to materially affect the average price of cotton for the balance of the season.
 E. ". Wagner: Every possible bull ish argument Is worn threadbare and discounted and we simply cannot escape the conviction that prices are on the very eve of another bad break.
 S. M. WelG & Co.,; We believe at the present and proudly for the next two weeks, 1t Is advisable to main tain an even position on the mark ct, being prepared to buy on & sub stantial decline, should 1t occur, or to buy at present prices should they hold two weeks longer.
 $. B. Chapin & Co.,; The best policy seems to favor purchases in January or March contracts only in the event of renewed declines or weak spots, and then to sell out promptly in real i4ing moderate profits on good rallies and wait for fl resh breaks before talk ing the cotton back again.
 A. Norden & Co.,; In such 8 mar ket the technical position at any given moment is perhaps of greater importance than the possible effect of the conflicting long range factors and 1t seems to us that this tech nical position Is at present favorable to a moderate advance. Trade inter- ests hold rather large lines of con tracts as hedges against forward com mitments and therefore not for sale as actual cotton can be bought. That Is, on the parity of about zoe at which the south seems to be disposed to sell freely
 A. A. Housman & Co.,: We believe good profit can be had on scale down buying from this level.
 Lamborn & Co.,: Market apparently is scalping one with 19.60c for De- cember as check on advances.
 Rose X Son: This Is a trading mar ket, with the bears trying to op- tain the upperhand. If sharp break should occur the decline will be short-lived, as the market Is loadeo up with waiting orders to buy if the market should decline 100 points from this level.
The Birmingham age-herald., 1921-10-30
LOCAL MARKETS

Fouitr-
 (Garreet G Trirnbis.l EggsEFresh candled, 3s&42c. Fryers-309 Hens-30c.
 Roosters-1ge. Butter-46c.
 Fruits and Vegetables
 (Marshall, Jordan & Ksith) BnnanaA-Eight-hand punches. 50 to 60 Esmons-Ghoics and fancy. ss.75. Oranges-Florida, 3ASo crate. Apples-Extra fancy, 163 and larger, extra fancy box. Jenathans. bu. basket. s4. Pears-BaHc, k6.5o. Grapes-Toksys-y2.7S RutAb aKas-Canadisn Sho. Cabbages-4c. Potatoes-W sstern. ts sack; Porto Rico sweet. 16o-lb. sacks, Ike >lb. OnionS-lowg reds. lvV pounds to sack ss.so sack yellow. Sc lb.; spanish onions, s2;76; small crate; t4.sO large crate. California baby. sc b.; pink beans. To- blsck-eyed peas. ehc Ib.; Michigan navy 1Oq pounds 10 sack; 7c ID. roasted sack lots. She h.; 5o-peund lots Brazil Nuts-Mediums 17, large washed Celery-Callrornia, S7.Bo crate. Cheese-FuN cream daisies. 27c. AtAckerel-l00 count, &1.b0 kea. Aasslus Marshmaiiows-shty 16c pack ages 10 case, $6.60 case. CocVanuts-lVV count, VI broken lots, 97.60.
 Lettuce--lceDerg, S4.so crate. 0rapefrut-FIorida, t6 box, CranDerries-ys.60 hsif-bsrreli t2o . barrel.
 Carrots-s1.25 bu. Caultflowe crate. Katsins-L. L.. $4.60.
 live Stock Fed stesrs-Qood to choice. s@7c; me dium to good. 6@ec; common to medium. 4U6c.
 Graw Csttls-tAccording to weight, quality and flesh): Steers, 4@6c; fat cows s's @4hej medium cows. zh 9a1sc; bulls, sQshc; light bulls, 2Qsc; oven. 1nQ2hc; Tat yearlings, sQ5c; medium yearlings, 344c; vealers, 4@6c. sSFn corn fed tsS hess sss: isS ad sWeMc; choice corn fed hogs, 90 to 1s6, 6W6c; light pigs, 90 pounds down, 60 Sc 1; best heavy rough hogs, bW6c: half fat rough hogs, 40 Doe; soft and oily hogs from 1c to 2c per pound less than above prices.
 Fish
 (staDdard Fish Co.b Gray snapper-12ho. hed Snapper-1so. spanish Aackersl-22c. Eompauo-Sbo. Salt Water Trout-2o c 2xo. oysters-s2.7O per gal.
 Meats
 Swift & Co.,. Packers D. s. Clear Bellies-11 ls Q14Ac. Pure Lard-1zhc. Jewel Shortening-12c. HamB-Regular, 2S@Slc. Hams-Skinned, 27&33c. Pork Loins-23 @zyc. Bscon-zz@ @ 4sc. Butter-46c. Eggs-34Q3sc.
The Birmingham age-herald., 1921-10-30
CASH GRAIN

Chicago, october 29.--Cash wheat, No. hard $1111a. Corn, No. 2 mixed. 49c; No yellow, 45c. Oats, No. 3 white, a1@33Ac; No. white, 301s @ s1Ac. Rye, No, 2, s31ac. Barley, 4sG 54c. Timothy. $4.50Q5. Clover, $129 1850. Pork. nominal Lard. s9.57@ 9.65. Ribs, $5.5o@7.00.
 St. Louis, October 29.-Cash wheat, No. red, s1.21; December, s1.07; May, $1.11% Corn, No. 1 white, 47c; No. 1 yellow, 4Sc; December, 461sc; May, 521ac. Oats, Nor 8 white, 321a e 33Ac; No. 4, 32Q331sc; December, 33Ac; May, 3sc.
The Birmingham age-herald., 1921-10-30
NEW YORK BONDS H~f A.4..sl uk-
By Associated Press
 Gafan TIAUH


 U. s. 2s, registered, bid ........... I00% y. $. 4s, coupon, bid ............,. 100M U. s. Is, registered, bid ........... 104M '. S 4s, coupon, bid ............ 10414 Panama Ss, registeredS bid ........ 761a Panama Ss, coupon, bid ........... 76h Amer. Smelt. x Ref. 5s ....... Slh Amer. Tel. & Tel. cv. 6s ...........J 102 Atchison gen. 4s .................. 79% Atlantic Coast Line lst As. bid ..... 5s Baltimore & Ohio cv. 4hs ....... 7OX Bethlehem Steel ref. 5s .......... S4N Central of Georgia Consol. 5s, bid .. s6 Central Leather 5s.. bid .......... 91A Shes. ohio cv. bs .............. s31h Chicago Nil: & St. P, cv 4.as .... 62h Colorado Southern ref 4as ..... 7SN Denver & Rio Grande consol. 4s ... 69 Dominion Dominic of Canada 6s dsSD ..... ss iiit ii ie sen; ss ;;'.. ..'.....'''..- S5A Illinois Central ref As ........... TIA Int. Mer. Marine 6s ............... S4 Kansas City Southern ref. 6s ...... S0N Liggett Myers 5s ............ S6ia Louisville & Nashville un. 4s, bid .. s3E Missouri, Kan. & Texas lst As .... 66M Missouri Pac. gen. As .......... 67 New York Central deb. 6s ....... 96n Norfolk X Western cv. 6s ........ 103M Northern Pacific 4s ............ 7S Pennsylvania gen. 6s ........... SSN Reading gen. 4s, bid ........ 76% Republic Iron & Steel 6s (1940) . S6N St. Louis Ss San Fran. adj. 6s .. 66% Seaboard Ar Line adj. 5s .... I9 Southern Bell Tel. 5s .........A 86X Southern Pacific ov. 6s, bid ....... s1M Southern Railway gen. 4s bid ..A.. 5S% Texas X Pacific list 5s, bid .. 83M Union Pacific As, bid ........ s2L United Kingdom of G. B. & I. 5hs IT 'so's stesi ss '''''.'"'.'.'-..-'. BIZ virginia- Carolina Chemical 5s, bid 95 Wabash 1st 5s ............- -S9 Wilson & Co. cv. 6s, bid .......... SSM
The Birmingham age-herald., 1921-10-30
COTTON SEED OIL Nv AssocIated Press

New York, October 39.-Cotton seed oil was lower under selling by re- liners and scattered liquidation, due to poor trade demand and the dis appointing action of other commodity markets. Closing bids were to 13 points net lower. Sales 9.6O0 barrels Tenders. 200. Prime crude. 7.25c bid i; prime summer yellow spot. $500 S.75c: December, S.S3c; March 9.l5c; May, 9.37c; all bid.
The Birmingham age-herald., 1921-10-30
By Associated Pres.


 Chicago, October 29.-Potatoes stronger; Michigan, Minnesota and Wisconsin. sacked and bulk, s1 .05Q 1.S5 Red River Ohios. sacked and bulk, s1 e5 ql.S5