davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1921-01-09
GROWING OPTIMISM CAUSES ADVANCE
 IN COTTON MARKET
At the Close the General Mar ket Was Steady at a Net
 Advance on the Day
PY Associated Press

New York, January 8.-There was further sharp advance in the cotton market today, which local brokers att tributed to growing optimism over gen. eral business prospects and a broaden ing investment or commission house de- mand. There was some irregularity early, with enough weekend realizing and southern hedge selling to cause moderate reactions. but the offerings were soon absorbed and the best prices were touched in the late trading, with March selling at 565c, or 45 points above, the closing quotations of Friday and about 2hc per pound above the low record of last week. That delivery closed at 15.47c and the general mar ket closed very steady at net advance of 27 to 40 points.
 There were several features in the early news which were regarded as cor roborating to increase confidence in the trade outlook. The statements of Gov ernor Harding of the federal reserve board. with reference to the financial situation and industrial outlook evil dently attracted a good deal of atten- tion, while there also was bullish com ment on reports that the new southern Edge law corporation organized at New Orleans recently was to open for actual business on Monady. Other features mentioned on the advance were the in- creased sales of print cloths reported at Fall river for the week. further reports of increasing domestic mill activity and the possibility that easing money mar ket conditions might foreshadow re- duction in re-discount rates. After opening steady at an advance of to 10 points, active months sold about to 8 points net lower under profit taking and southern selling, but soon firmed up, with January advancing to 16.65c and May to 15.63c late in the morning. Closing prices were a few points off from the best under realizing. Trade interests were credited with buying moderately on the advance, while there was coreing by recent sellers for a reaction and a good deal of buying through Wall street houses.
The Birmingham age-herald., 1921-01-09
Hubbard Bros. & Co.'S Letter

New York, January Special )-- Our market went into new high ground today, remaining steady throughout the two hour session. The favorable news from the trade and slow but certain change for the bet ter in general business conditions is having it's effect in cotton circles We have looked so long on declining prices and depressed business that it is refreshing to see things turn for the better. We feel that the decline has spent itself and that we are in constructive period with better pros poets ahead. The market is still very sensitive and will not hesitate to de- cline on any unfavorable news par ticularly at this point, for we nuse not lose sight of the fact that the rise since the first of the year nas been very rapid. We feel that we can advise our friends to make lur> cbases around these prices that will show future profits.-Hubbard Bros.
The Birmingham age-herald., 1921-01-09
OVER PRIVATE WIRES
Shannon & Co.

New York, January 7.-(Special)- The market has been active today, with generally rising prices. There seems to be an evidence of a desire to- get back stocks sold in the past two <nonths and which the sellers do not in- tend to permanently dispose of. There also seems short covering, while the small investment buying has been very heavy for some time past. This in- fluence has completely changed the tone of the market from the very de- pressing and anxious days of Decem- Der The news as to general business also seems somewhat more cheerful and it is re-assuring to see so many instances where labor has been willing to accept a reduction in order to keep the indutries moving. It looks as if the whole country was realizing that the war was over, that the boom of 1919 was ephemeral, and that the time has come to get back to sound bus- ness. This is encouraging but we doubt whether the whole condition of trade and finance yet warrants any general and permanent expansion. Be- yond this present range. and think quite likely the market will be sale again for a turn toward the end of the month. Total sales 1,232,600.
 COTTON
 Although realizing has been in evidence at times and has resulted in slight setbacks the general tone of the market has been on the whole satisfac- tory and sellers have found that their offerings were absorbed without much trouble. The increased spot demand gave rise to favorable comment and was said to include a good deal of low crra do i~I ( be a disposition to reduce earlier dis counts.
 Liverpool houses bought January and that month"; touched new high premium, selling 100 points over March.
 Advices from leading distributors of dry goods reported the situation clearing up further and buyers begin ming to act to fill spring commitments.
 Exports have again been large, ex- ceeding 25,000 bales for the day.
 There has been some selling on southern orders today, but not enough to create any serious pressure and of ferings from that source seemed to be falling off after the first hour or so. That there is q great deal of cotton backed up in the south is familiar to everyone~and it is freely admitted that the carry-over at the end of the season must be large and that a certain amount of selling against this cotton IS natural and must be expressed to check any tendency that might show | itself toward reactionary market. Many feel, however, that the worst has been seen in connection with market ing distress cotton and that the last lew million bales of this crop will be hard to buy except at much higher pr1ceS than the present Our onin- lon remains unchanged to buy the later months on any favorable opportunities that present themselves.-Post& & Flaee
The Birmingham age-herald., 1921-01-09
Sugar Market

ny ASSOClaJe0 fToSS
 New York, January S.-There was no change in the local raw sugar market today, but there were further sales re. ported of new crop Cubas to refiners and operators for prompt and January shipment. The business included 1S,- 900 bags to an operator and 7,S00 to a refiner at 4h cents for Cubas cost and freight, equal to 5.52 for centri fugal.
 The market for refined was un- changed at ITS to 7.90 for fine granu- lated. There was good inquiry re- ported, although the demand was still confined to nearby requirements. In sugar futures trading was very quiet and prices rather irregular. The open ing was five points higher on covering. but there was increased offerings from trade interests and prices eased off closing at net declines of to points Closing prices, January 4.55; March 4.6O; May 4.75; July 4.S7.
The Birmingham age-herald., 1921-01-09
MODERATE SHOW OF
 STRENGTH MADE IN
 THE STOCK MARKET
The Bond Market Was Dull and Heavy, RefIeCting the Re-
 VerSaI In Stock List
By Associated Press

New York, January S.-The stock mar ket session today opened with mol crate show of strength. some baying anI short covering evidently being prompted by the encouraging observations of Gov ernor Harding of the federal reserve board.
 Trading had not proceeded beyond the initial stage, however before fresh weakness developed in the shipping, steels and oils, with Atlantic, Gulf, Cru;- cible steel and Mexican petroleum as the chief objcctives.
 Declines of two to six points in these issues soon had their effect on the gen eral list, where other popular shares for teited one to three points. Nominal ral- lies ensued under cover of d sharp rise in General Asphalt and International Pa per, but these were not sustained, many material losses being. registered at the heavy close.
 News of the day, which bore more on less pertinently on market values, in cluded the statement that 0o0,000 tons of shipping have been withdrawn from trade by the shipping board, opening of bids by the government for the sale of 56, 000,000 pounds of copper and announce ment that one Of the largest indepen- cent steel producing companies had writ ten off s5,Ooo000 in it's inventory to get down to replacement basis.
 Considering the turn into the new year the clearing house statement showed few important changes for the week, aside from contraction of slightly more than S54. 900 in actual loans and discounts and an increase approximating $50 900 GOO in net demeand deposits.
 The bond market was dull and heavy reflecting the reversal in stocks. Liberty issues forfeited part of their recent gains and foreign floatations also eased Total sales, par value S6, 10000 Old United States bonds were unchanged on call for the week.
The Birmingham age-herald., 1921-01-09
STUDENTS RETURN
Fort Payne Young Folk Leave for
 Various Colleges

Fort Payne, January S.-CSpecial) After spending the holidays at home, the following Fort Payne college stu> dents have returned to the various institutions of learning: Miss Kate Jacoway to Sullins college, Bristol, Va; Misses Lucille Davis and Delera Clayton, Judson college, Marion; Misses Kathleen Mccartney and Dusty Malone, Martha Washington college. Aoingdon, Va; Miss Charlsie Brock, brenau ge-conservatory, Gaines Vile, Ga; Eugene Mccartney, Auourn Lee Clayton, Howard college. Sir. mingham. and Dee Isbell and Miss Katherine Green, University of Ala, bama, Tuscaloosa
The Birmingham age-herald., 1921-01-09
Chicago Live Stock By AssOciated Press

Chicago, January S.-Cattle receipts, 900. compared with week ago beef steers above $l050 around steady; others 25c to 50 higher; butcher cows, heifers and Bologna bulls, 25c to soc lower; canners 25c lower light veal calves, 25c to soc lowere; other calves unevenly steady to higher; stockers and some grades feeder steers, 25c to soc higher; cheap lgnt stockers advanced most.
 Hogs, receipts. 5000; active, 10c to 25c higher than yesterdays average; butch CTS up most, top, 1015c for 160 to TO- pound offerings; bulk 9.50@9. .95c; pigs, 15@2Sc higher; bulk desirable, 90 to 130 poung pigs, 10d10.15c.
 Sheep, receipts, 5000 compared with week ago fat lambs and yearlings, $1 to S,.50 higher mature shep, z5c to sl high CT: feeder lambs. 25c to 5oc higher
The Birmingham age-herald., 1921-01-09

New Orleans: Receipts, e,55S; ex- ports, 3503; stock, 452,192
 Galveston: Middlin. 14.50c; receipts, 9,4O1; sales, S9S; stock, 376,319.
 Mobile: Middling, 15.5oc receipts. 21; stock, 20.794.
 savannah: Middling, 15.5oc; receipts, 1,295; stock, 159,603.
 Charleston Middling, 15.5oc;' re- ceipts, 59; stock, 243,541.
 Wilmington: Middling, 1s.s4c; re- ceipts, 32: stock. 4S,716.
 Texas City: Stock, S,22S.
 Norfolk: Middling, 15.25c; receipts, 95S exports 1,716; sales, S97; stock, S0,991.
 Baltimore: Stock, s,sS5. ' Boston: Middling, 16.75c; stock, 12,- 800.
 Philadelphia: Middling. 17a5c; stock, 5,sS2.
 New York: Middling. 17.10c; exports, 1,075; stock, 2S406
 Total today: Receipts, 22,7S5; ex- ports. 1850; stock, 1,431,507.
 Total for season: Receipts, S,606s6S9, leXports 2542499
The Birmingham age-herald., 1921-01-09
East St. Louis Live Stork
 Rv Asso~iafed Press

Bast St. Louis, January S.-Cattle, re- ceipts, 800; no market today; compared with . week ago; steers 7oc to s1 higher heifers 5Oc to 75c higher; cows, bulls and stockers 55c to soc higher; canners 25c higher, vealers s250 higher.
 Hogs, receipts, $500; active and 15c to 25c higher than yesterdays average; top on light mixed up to 1So pound average, 10 soc; light butcher top, 10.35c; top heav- ies, 9.50c; lights and pigs up to 10.75c. bulk lights and medium, 100D1O.50c; bulk heavies, 9d9.50c; quality good, everything 2 sold, compared with week ago, COG to 75c higher.
 Sheep receipts, 1,S00; net market today; receipts are through billing. Compared with a week ago, lambs and yearlings steady; ewes. 75c to M higher.
The Birmingham age-herald., 1921-01-09
MARINE NEWS
By Associated Press

Port Eads, La January -S.-Arrived: Columbia, Port Limon; Dulcino, Neuvi tas; Ocean Transport (Br), Maanches- ter; Sagolanad (Swed). Europe.
 Sailed: Bayhowel (Br), Marseilles; Coppename, Port Barrios; Dunolly (Br). Mobile; Hibueras (Hond). Bluefields: Lake Ellicott, Chilean ports; Lake Frenchton, Orange; Noddle Island, Charleston; Norfolk Range (Br, Lon don Saco, Bremen; Santurcc, Bara- hona; Tonawanda tBr). Port Lobos; West Liar.ya, Emden, Germany.
The Birmingham age-herald., 1921-01-09
GOOD UNDERTONE IN LAST HOUR TRADING
 SENT WHEAT 10 GAIN
Corn Was on a See Saw, While Provisions Were Lower for
 Pork and Lard
By Associated Press

Chicago January S.-A bulge during the last hour on moderate buying and q lack of offerings gave wheat q good undertone today. and the market closed firm with prices showing a net gain of to 2h over the previous close, with March $1.73A @1.7I. and May $1.66 A @ l661s. Corn was unchanged to Ac higher; oats unchanged to Bc down, while provisions were lower for pork and lard, but firmer for ribs.
 Wheat developed strong undertone and advanced sharply after a weak start due 10 persistent buying to re- move hedges against export sales. The British commission was not in the mar ket, but the continent was a good buyer and sales of 750,000 bushels were re- ported to Germany and Italy. A small cargo was reported sold late yesterday to Scandinavia, and Greece and Spain were in the market for wheat, but no sales were reported. Sentiment was a little more friendly to the buying side as d result of the export business.
 Coarse grains were slightly easier, but rallied with wheat. Trade was light and mostly of a local character. Min neapolis reported 25,000 bushels of corn sold to Baltimore, the first business from that market so far. Some hedging pressure was in evidence.
 Oats were dull practically all day, while provisions averaged higher on scattered buying and lghtfofferings
The Birmingham age-herald., 1921-01-09
Money Market
By Associated Press

New York, January S.-Prime mercan- tile paper, 7AmS per cent; exchange steady. Sterling 6O-day bills, s3.5S3i; com mercial 60-day bills on banks, sS.5S#; commercial 60-day bills, s35sh; demand, cables, s3.64. Francs demand, 5.9i cables, 5,96. Belgian francs demand. 625 cables, 6.27 guilders demand, 3l,So; cables, s195. Lire demand 3.47; cables, 349. Marks demand. 1.37 cables LIS Greece demand, 7.45. Montreal HIS per cent discount. Government bonds easy; railroad bonds irregular.
The Birmingham age-herald., 1921-01-09
Hubbard Bros. & Go.

Members New York Cotton Exchange, New Orleans Cotton Exchange, New York Produce Exrhanve. Associated Members Liverpool Cotton Association. Orders solicited for the purchase and sale of Cotton and Cotton Seed Oil for future delivery Special atten- ton and liberal terms given for consign- ment of spot cotton for delivery.
The Birmingham age-herald., 1921-01-09
Funeral Service

Tuscaloosa January S.-(SpeciaI )-The
 funeral of Marcus B. Friedman father
 of Victor Friedman and Mrs. Charles Black, was held yesterday Burial took place in Live Oak cemetery. The pail bearers were A. Holczstein, D. L. Rose nau, Louis Wiesel, I. z. Weinstein and Sam Friedman
The Birmingham age-herald., 1921-01-09
Cotton Seed Oil

New fork, January S.-6uying by cot ton houses and shorts brought about substantial advance in cottonseed oil to- day. Higher cotton and light offerings of crude were factors Closing bids showed net gains of 19 to SC points. Sales, 7,700 barrels. Prime crude, 625c; prime summer yellow spot, S.T0nS. .95c; March, 9c; May 9.S7c: July, 965c, all bid
The Birmingham age-herald., 1921-01-09
Dry Goods

New York, January S.-Gray cotton goods markets were firnerl today; with broa dening activity. Yarns were steady New prices were made on overall denims or basis of 17c for 20 indigo. The last price was 25c Burlaps were firmer and higher, and knit goods showed more Iifa
The Birmingham age-herald., 1921-01-09
LIBERTY BOND QUOTATIONS
 By Associated Press
London Money

London, January S.-Bar silver 40B pence per ounce. Money, per cent Discount rates: Short bills, 6B per cent; three month bills, 6Ss per cent.
The Birmingham age-herald., 1921-01-09
Holiday In New Orleans
Shot Cotton

By Associated Press New Orleans, January S.-Holiday in cotton and rice markets.
The Birmingham age-herald., 1921-01-09
NEW YORK BONDS By Associated Preae

U, s. 2s coupon, offered . 100. U. s. As. coupon, offered ..... los
 American Smelling & Refining 5s =, 77
 American Tel & Tel. cv. ss. ...... 96A Atchtson gen. IS. -. .-............ 7S
 Aliantlc coast Line 1st 4s. 78H Bethlehem Steel ref. 5s ........ s1K Central of Ga. Consolidated 5s bid S47l Central Leather 5s bid. id........... 89
 Chesapeake & Ohio cv. 5s ......... S4h Chicago, B X uicy joint 4s ...,.. 96% Chicago, Mil St. P. 4hs .... 6sh CSni,lcag9' Si, K. I. < Pac. Ky. ref. Is CTS guy or farls bs 959s Colorado Southern ref. 4hs . 73% Denver Rio Grande consol As . 65% Dominion of Canada 5s Gs31), bid. . S7
 Erie gen. As .....,.,.... 431s Illinois Central ref. Is ..........., 75ss Int Mer, Marine 6s ................ 7s% Kansas City Southern ref 5s ...... 74H LlsEett & Myers 5s, bid ............ TSss Louisville & Nashville un. 4s ...... S11k Missouri, Kan. & Texas 1st 4s .... 59% Missouri Pac. gen. 4s .........,,,,. 55X New York Central deb. 6s ..,..... 91N Norfolk & Western cv. 6s .,...... 1O4% Northern Pacific As ............... TX Pennsylvania gen. 5s .............. s0% RspSlnE RspaDic fen {. & $ $ 5. ii,ioj bid " ss
 St. l.. x San Fran, adj. 6s ..... 64h Seaboard Air Line adj. 5s ........, 3Ss4 Southern Bell Tel. 5s ........,.. S1X Southern Pacific cv. 5s ........... 9sM Southern Railway 5s ............., ST
 Southern Railway gen. As ....... SoA
 Texas I x Pacific lst ......,.....,.. 7sA
 union Pacific 4s .,................ S21h
 United kd'm of G. B. & I. 5iss G937) S5A U. $. Steel 5s .,............. 935s
 Virginia Car Chemical 5s. bid ...... 9ois
 Wabash 1st .................... S5E
 Wilson & Co. vc. ss ............. sSh
The Birmingham age-herald., 1921-01-09
Port Movement

By Associated Press New York, January S.-Cotton spot, steady; middling, 17.10c.
The Birmingham age-herald., 1921-01-09
Potato Market

Chicago. January S.-Potatoes duli' northern white sacked st.25d1.S5 cwt.
The Birmingham age-herald., 1921-01-09
Interior Movement

Houston: MiddIing, 14.25c; receipts, 11,47s; shipments, 11,11S; sales 5'2So' stock, 363,S22.
 Memphis: Middling. 14c; receipts. S,17o; shipments, 2,S11 sales, 2,100; stock. 3S2,777
 Augusta: Middling, 14.50c; receipts, 699; shipments, SITS; stock. 160746.
 St Louis: Middlng, 14.50c; receipts, 2,522; shipments 3,173: stock, 20,060.
 Little Rock: Mddling. 14c; receipts 7T9; shipments, 71S, sales, 901i stock, 62,59O. Dallas Middling, 13.95c. Montgomery Mddling, 14c.
 Total today: Receipts. 1S,643; ship ments, 19,002; stock, 9S9,995.
The Birmingham age-herald., 1921-01-09
Long Term Bonds

We suggest the desrability of capitalizng present high interest rates by the purchase of well secured, long time bonds, and present below number of att tractve issues:
 Approximate Security Yield
The Birmingham age-herald., 1921-01-09
Cash Grain

By Associated Press
 Chicago, January S-Cssh Corn: No mixed, 6s1s@11ac; No. ? yellow, 76c; Oats; No. white, 47l4@471ac: No. 3 white, 45Au 4shc. Barley, 6GnSSc Timothy seed, 5.5O@ CHS. Glover seed, s1ea22. Pork nominal. Lard, $1315 Ribs, SIP .50Q1S.
 St. Louis, January s.--Cash wheat: No. ? red winter, g. 10dI2 H. No. 3, $20Sd2 ID; March, $1.741h; May. 1.7o%. Corn: No. white, 661sd67c; May. 75B@76c July 76Ac Oats No ? white, soc; No. B. 49I50c; May, 495sc; July 4Sc.
The Birmingham age-herald., 1921-01-09

New York, January S.-Butter weak; frsts Ad52c. Eggs firm firsts. 66En6Sc Cheese firm, average urn, 22e25c. Poultry. alive not quoted: dressed steady and un- changed.
The Birmingham age-herald., 1921-01-09
Naval Stores By AssOciated Press

Savannah, Ga, January S.--Turpentinc quiet; 92iAc no sales; receipts, IA ship ments, 2l; stock, 16. .0S5
 Resin quiet; no sales; receipts, 109; shipments 101: stock. S4,955. Quote; B D E F G H K M N VIC wv. s11.
 Jacksonville. January S.-Turpen- tine, unchanged; sales, none; recepts. 65 shipments, 226; stock, 26,421
 Rosin, unchanged: sales, none; re- ceipts, IA, shipments, none. sstock, i65,576 Quote; B, D, F, F, c, H, I, k, NJ, N, VIC, wv. $11.30.
The Birmingham age-herald., 1921-01-09
CHICAGO GRAIN QUOTATIONS
 Ik.. A 4x.xI
Produce
By Associated Press

By NSSOcIatcH Fress Chicago. January S.-Butter lower, creamery extras, 49c. Eggs lower; firsts, Gf14MG5c Poultry, alive unchanged.
The Birmingham age-herald., 1921-01-09

Shot Coffee
 By Associated Press New York, January S.-Spot coffea $ -16c.
The Birmingham age-herald., 1921-01-09
NEW YORK COTTON

| New York, January S.--The cotton market
The Birmingham age-herald., 1921-01-09

St. Louis, January S.-Poutry, butter and eggs unchanged.
The New York herald., 1921-12-20
RAIL MEN DIFFER ON
COURSE ON RATE CUTS
Uncertain HoU to Deal With
I. &. G. Refusal.

Inquiry among local railroad officials
reveals considerable uncertainty, accom-
panied by some difference OF opinion, as
to how carriers should deal with the
situation created by the refusal of the
Interstate Commerce Commission to re-
scind it's decision calling on roads Of
the trans Mississippi territory to reduce
their rates on hay, grain and grain
products on December 81. Officials ad-
mitted freely yesterday that that deci-
sion represented a distinct miscarriage
except the New England territory had
volunteered to reduce the rates ten per
cent on a wider range OF agricultural
products in substitution for the 16 "a
per cent. cut ordered on the aforemen-
toned farm products.
Among executives OF the Western
roads are those who favor the accept
ance OF both cuts. Others are known
to lean toward the withdrawal OF at
least a reduction in the amount of the
voluntary general reduction II the hay
and grain order be carried out. There
Is said to be no doubt that the roads
would be within their legal right II they
sought to enjoin the enforcement OF the
order to cut rates at time when the
carriers were not earning per cent.
return on their property investment as
contemplated in the Transportation act
OF 1920.
Some executives take the view tha!
omission by the roads to effect the vol
untary freight cuts and those embraced
\ I'm the hay and grain order would be
| impolitic owing to the acute situation
| existing I'm the agricultural industry and
the need of the farmers support in the
pending application for wage revisions
The New York herald., 1921-12-20
IDLE CARS INCREASE
WITH SLACK TRAFFIC
Total of 52S,158 on Dec. s;
Gain of 72,782 in Week.

Freight cars idle on account of slack
traffic demands totaled 52S,15S on De-
cember s, an increase OF 72,7S2 within
week, according to reports received
by the American Railway Association.
OF the total 36S.042 were freight cars
In good repair and Immediately avail
able for service II required to meet
transportation conditions. That total
was an increase within a week Of S5,116
such cars. The remaining 160,1I6 were
idle and in need of repairs over and
above the number normally I'm bad order.
Surplus box cars totaled 129.995.
which was an increase OF 16,121 over
the to al on December /, while surplus
coal cars numbered 166,063, an Increase
OF $3.50 within the same period. An
Increase within week OF 2,412 was re-
ported for stock cars, but a reduction
OF b4 In the number OF surplus coke
cars.
Although there was an increase in tho
number OF surplus cars tabulations
showed q reduction in the number Of
pad order cars. the total number need
ing repairs on December l. the lataa.
date available. being 320,292, or ID per
cent. OF 2.2SS,22S. the total number on
ilhe on that date. In contrast to ss8.616
or 14'4 per cent. reported In bad order
on november 10. Assuming z per cent
or the cars on line to represent the mum.
Der normally In need of repairs 1eO.11g
would be the number in bad order ana
ioie because OF business conditions.