davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1921-03-12
New Orleans Cotton

By Associated fresS
 New Orleans, March H. M tolerate Sag gS resulted in the cotton market today from variety of unfavorable items in the news. No effective support was offered at any stage of the session, the short covering that has been customary of late being missing. The market finally drifted off to net declines of 9 to 50 points, May falling to l125c and closed at net losses Of 2 to 26 points, with May at 1.27c.
 The opening was steady enough and for while the market little more than held it's own on the strength derived from better Liverpool than due. but when the gains amounted to to points, with May trading at 11.C0c, the demand appeared to have been satisfied, and aft CT that it made little display of strength.
 The wage cutting by railroads ap- peared to be back of much of the sell ing and there were rumors of the pass ing of a dividend by a large railroad system. Liverpool and Manchester sent over bearish accounts of trade and the weekend statistical statement showed an increase in the worlds total supply of all llnds of cotton of 206,922 bales, against a decrease of 143347 bales this week last year, relative gain of 35O,269 bales which attracted much attention. Hester counted the total visible supply at o,4oa,- S92 bales, against 5.967,57s year ago..
 The price cutting on cotton goods oy a leading domestic mill aroused favor- able comment, but caused little demand.
The Birmingham age-herald., 1921-03-12
INDUSTRIAL CONDITIONS
 AGAIN SET BACK PRICES
 IN CHICAGO GRAIN PIT
By Associated Press

Chicago, March 11.-Sharp setback5 in the price of wheat resulted today, mainly from disturbed industrial con- ditons. The market closed nervous at 3Mc to 4Ac net lower, with March s1.62A to s1.621b and May $1.5Sh to $1.5S%. Corn lost %c to 1hc; oats, 1MG1Ac to 17sc. and provisions, IT to 45c.
 Bears in the wheat pit had things nearly all their own way right from the start. Attention of traders focused almost altogether on proposed wage cuts and on danger of widespread strikes As consequence, buying power shrank and selling pressure in creased until values had been slashed in some cases nearly SC bushel. Then the fact became evident that export interests were taking advantage of the down turn. According to some esti- mates, 10000 bushels were taken for Europe Knowledge of this activity on the part of foreigners checked the breakers, but led to no important re- action. Much liqnidat tion was witnessed and there was heavy selling in parti- cular by house that appeared to be closing spreads with Winnipeg. Off, cial figures on total wheat stocks in the United States were construed as bearish.
 Corn and oats declined with wheat notwithstanding export buying of corn to the extent of nearly 300000 bushels.
 Provisions were weak, reflecting the action of grain and hogs.
The Birmingham age-herald., 1921-03-12
DUN'S REVIEW :.
By Associated Press

New York, March 11.-Duns tomorrow will say:
 With the advancing season, there is some stimulation of activities in certain directions, and an early opening of spring trade is foreshadowed. Favorable weath CT and the near approach of Easter are helpful to retail distribution in different sections, and offerings of new merchant dise are meeting with a reader sale thar had been expected in some quarters. The reported paucity of supplies in a few lines, as in some textile branches, also gives moderate impetus to buying and a measure of support of prices after d protracted period of yielding. Broadly considered, however, the situation is still marked by various satisfactory features, especially in industrial channels, and re- vised estimates of the general purchas- ing power are neeessitated by the ire quent wage reductions and restricted manufacturing operations. While orders flow more freely to some producers, the demand remains fitful and usually in small lots to cover immediate or nearby requirements, indicating a purpose in many interests to defer extensive en- agreements until conditions become more stable.
 Weekly bank clearings, $5,S16o2O,22o
The Birmingham age-herald., 1921-03-12
GENERAL COTTON
 MARKET SLUMPED
 AFTER EARLY RISE
South Was a Moderate Seller on the Bulge, Which Caused the Market to Ease Up
 Before Close
By Associated Press

New York, March l1.-Siight early advances were followed by declines in the cotton market today, with May selling off from 11.SSc to 11.54c and closing al 11.6Oc. The general market closed steady at a net decline of 19 to 25 points
 The opening was steady at an ad- vance of to points. owing to rela. lively steady Liverpool cables which inspired some local and Wall street buying. The south was d mod crate seller on the bulge, however, and the market soon turned easier, owing to reports of less favorable tone in the stock market. weakness in grain and easier late cables from the English market Early or recent Wall street and local buyers were sellers on the decline. which carried July contracts off from 12.35c to 12.01c and last prices were within 3 to points of the lowest. One of the early re>Srts from Liverpool said there was an improved tone in Manchester, owing to easier money, and that China had been d buyer of late months recently proba : bly, in anticipation of improving far eastern trade conditions. Later ad- vices, however, said that Manchester was still depressed, with no indica- tions of any immediate relief Re- ports were circulating during the day that 5000 bales of cotton taken up on March contracts here was being pre- pared for export to Japan. A severe cut was announced in the price of some lines of mapped cotton goods. and there was talk of further mill curtaii- ment, but some of the local brokers were hopeful that the lower prices an nounced might stimulate buying for consumption. Rather more southern hedge selling was reported than yes terday and there were somewhat con flcting advices with reference to spot offerings. Liverpool buying here helped the early market, but general business was quiet during the end of the day. Exports for the day 1,17S, making 3,496,927 so far this season. Port receipts, 13.714; United States port stocks, 1,41S,904,
The Birmingham age-herald., 1921-03-12
MARINE NEWS
By Associated Press

Port Eads. March 11.-Arrived; Au' gusta (Hon), port Cortez; City oi Flint, Genoa; Comus. New York; Flor aba, Vera Cruz; Italia (swed), Ha- vana; Lord Londonderry (Britishl Tampico; Munplace, Progresso; s. M spaulding, Tampico; Sapinero, Calves ton; Utacarbon, Tampico; Vennachei (British), England.
 Arrived: Schooner Arthur H. Zwick CT (British), Mexico.
 Sailed: Arnold Maersk (Danish) Mobile; Astrakhan (British), Calais Co lumbia, Port Colombia; Frankinvei CBritish), Hamburg; Isabella, Pogtc Rico; Lake Marion Havana; Phoenix Texas City; Quimistan (Hond), Port Barrios; Sosua (Nor), Port Barrios.
 Mobile, March 11.-Arrived: Colin H Livingston. Baltimore; schooner Maid of France (British), Laguna Del Car men; tug Leroy, Pensacola.
 Sailed: Kirktown (British). Ha- vana; schooner Blakely, Gulfport.
The Birmingham age-herald., 1921-03-12
Daily Financial Gossip
Rv HOLLAND

New York. March 11.-(Speciai.)-W hiie in conversation this morning with man whose name is identified with important industries he spoke of an experience in his own business which seemed almost paradoxieal However. it may explain some of the strange differences of which reports are now daily made that charac- terized American industrial and conner cial life. This manufacturer, who IS also an inventor, carries on two very large industries. Both are associated with manufacture and with transporta- tion, but in a different way. In war days one of the products of his industries reached a phenomenal sale. This was not greatly reduced in the first year after the armistice was signed But in the year 1920 the falling off in the depands for this product was so great that it is now not much more than one-eighth the nor nal demand.
 On the other hand the product of an other of his industries fel loff last year so greatly that in the month of Decem- Der it seemed almost inevitable that the manufacturing plant be shut down for a while. In January, however, an increase in the demand for this product was noted. This continued throughout February, when the demand was so heavy as almost completely to to occupy the producing ta- cilities of his great plant.
 How, then, did it happen that of two important industries one showed in the aggregate of it's production in 1920 a falling off to one-eighth of the normal demands, whereas on the other hand an- other product of a kind which is essen tial to all industries and which reached almost low water mark in December has since the first of the year met with so heavy demand to entail a considerable part of the facilities of the manuracrur- ing plant?
 Something like this is chahacteristic or American industries whole. One side of the picture reveals something like stag nation or at least a very moderate em- ployment of manufacturing facilities. Upon the reverse side of the picture there stands forth a most encouraging view. Taken by itself it wuold justify the be- lief that American industry is rapidly re- covering and may soon be at full speed.
 WHAT IS THE EXPLANATION
 After study of the market demands it is made clear that the continued de- presson or stagnation in some industries is confined chiefly to those which are oc- cuped in the manufacture of non-essen- tial products or at least products which are not immediately needed On the other hand, the increase in demand for certain products of our industries which was ob- served early in the winter and has con tinued with some fluctuation since De- cember represent immediately essential
The Birmingham age-herald., 1921-03-12
Hester's Weekly Cotton Statement Asscosnfad PrAsa

New Orleans. March 11.-Com pari- sons are to actual dates, not to close of corresponding weeks:
 In sight for week. 133,000; in sight 1 for same seven days last year, lSo,ooV' in sight for same seven days year pe- fore. 125.000: in sight for the month i 209.0 900; in ight for same date last year 100000; in sight for same date year before 196000; in sight for sea . son, S,04S 900: in sight for same date last year, 1o,394, 900; in sight for same date year before, S,974,0oo. 1 Fort receipts for season, 4,6S70O0' port receipts for same date last year, 5,S62, 900; port receipts for same date year before last, 4,e14 4,0O0.
 l Overland to mills and Canada for season, 800000: overland to mills and Canada for same date last year, 1,2s6' = 00o; overland to mills and Canada Tor same date year before, 1,O71 ,000.,
 Southern mills takings for season, 1.S69,0oo; southern mills taking for same date last year, 2.s1S,000; southern mill takings same date year before, 3,O24,0 4,000
 Interior stocks in excess Of Septem- Der 1. 6s2,000; interior stock in excess of September l last year, 31S,0Q0; in Tterior stocks in excess of September l | car pelore, o00,UVV.
 Foreign exports for week, S1,oo0; foreign exports for same seven days last year. 100000: foreign exports for same seven days year before. 11S000; foreign exports Nor season, S,s44.o0O; foreign exports for same date last year, 4,6sS.oo0; foreign exports for same date year before. S,190.o00. Northern spinners takings and Cap- ada for week, 45,O00; northern spih- ners' takings and Canada for same seven days last year. 66.000; northern spinners' takings and Canada for sea- son, 1'loS.000;, northern spinners' talk lrgs and Canada to same date last year, 2,2SS,O0o
 Statement of spinners' takings of American cotton throughout the world: ihls week, IF 1000: same seven days last year, 27s.0o0 same seven days year before. 164 1000: total since Sep- temoer I, 6,476.00O; same date last year 9'l2o,oO0; same date year before,
 Statement of worlds visible supply;
 Totai visible this week, 6,4O4,00o; total visible same seven days last week, 6.197.oo0; total visible same date last year, 5,ssS. 900; total visible same date year before, 5,244,000
 Of this the total American this week. 4,S2S,Ooo; of this the total American last week, 4,s7o.o00. of this the total American last year. 4.446, 900; of this the total American year before, 5,SSs.- 0o0
 All other kinds this week. 2.o7S.000; all other kinds last week, 1,S27,O00; all
The Birmingham age-herald., 1921-03-12

By Associated Press
 New York March u.-There was no change in raw sugar prices today, but much better inquiry was reported ana business was of fairly large proportions. Prices were quoted at Sc for Cubas. cost and freight, equal to 6.02c for centrifugal, by the committee, while outside sugars sold on the same basis. Early in the day there were sales of 25,000 bags of old-crop Cubas by an operator to outport re- liners at 4%c, cost and freight, which sugar was believed to have been pur- chased before the sugar committee LOOK over the handling of the crop. while the committee reported sales of 10000 tons to United States at Sc, cost and frelgnt' and 5000 tons to Europe at 4.85c f. o. b. There were also sales of about 145,O00 bags of Porto Ricos to local refiners at 6.Ozc for centrifugal.
 There were no changes in refined prices which are generally listed at Sc for fine granulated, except on soft grades, which two refiners are quoting at 7.Hc with good inquiry reported.
 The activity in raws led to much better inquiry in the futures market and prices were higher, at one time showing gains of to 12 points on buying by trade and commission houses, but there was partial setback near the close un- der realizing sales, with final bids to points net higher. Closing bids: March, E.i1c; May, 5.s6c: Jufy, 6.6Sc, and Septem- her. S.1zc.
The Birmingham age-herald., 1921-03-12

products The American people stand in need of various commodities, and w.4. practice economies, so that they may be able to buy them. Footwear is an es- | sential. Shoes wear out and must be 1 replaced Therein is to be found presum- ably an explanation for the improvement in the shoe manufacturing industry. It IS true that this improvement is compara- | lively slight But it does reflect change for the better and it probably will be ln- creased, because there is no doubt or the magnitude of the buying power of the American people.
 This also undoubtedly explains the inn provement in the teYtle industry The woolen mills have increased operations, and that has favorably affected the wool market. The automobile industry whlci from some points of view has now be- come an essential industry reports im- | provement. and the manufacturers are hopeful for still greater improvement In the cotton goods trade which represents an essential product of which the pubic l is constantly in immediate need is im- proving, although not so rapidly as seemed likely at the beginning of the year.
 THE INDUSTRIAL SITUATION
 The circular issued monthly by the Ma tional City bank, which is looked upon as excellent authority, reports in the is- sue of March 1 that the industrial situ- ] ation remains somewhat mixed. This IS only another way of reporting the eX ] perience of the manufacturer which was related in the earlier paragraphs of this article The situation is mixed because | the reports which come from many parts of the country are confusing. Some of them tell of the closing of works while others report the reopening of works. and the increase of employment. Although many wage-earners have been laid off, ! yet the reports from the savings banks of New York, New Jersey, of Massachu- setts and other states show large in crease in the amounts of the deposits made in 1920 by the wage learners. There fore the wage-earners, even though so many of them are now out of employ ment, constitute strong buying power In many of the larger cities the retail trade is satisfactory, although this is not the case in some of the country districts.
 WHAT IT PORTENDS 1 There is really nothing discouraging in the present day situation It is spoken of as inevitable and represents the re- adjustment which is necessary if we are' to return to normal conditions. Of course the perplexing situation in Europe ex plains to some extent our own industrial and international trade situation. But 1t is observed that men who are of high au- tkority due to their experience and thelr habit of forming careful and conserva- tive opinions are confident that whatever the outcome of the European perplexities may be this country will adjust itself to the conditions which are established in Europe Furthermore, the belief does prevail that ultimately concord, perhaps CT forced concord, will be established, and that Europe with the moral and hnanclai aid of the United States will work out her own salvation.
The Birmingham age-herald., 1921-03-12
SELLING MOVEMENT
 WAS IRRESISTIBLE
 IN MARKET LIST
ISteeIs and Various Equip
 mentS Dependent on the Railroads Were Engulfed In the Setback
By Associated Press

New York, March 1.-The stock market was swept by succession of Irresistible selling movements today, many of the issues suffering further losses of 9 to 12 points. while shares Iof less prominel%e but recognized value Ireacted to the same degree Dealings totaled 100000 shares, the turnover being almost the most extensive of any Isession so far this year. The number Iof issues traded in was in keeping with lthis unusually large volume of oper iations, including many obscure stocks.
 The insistence character of the of lferings left little doubt that liquida ton had entered upon a more acute phase, but it also was evident that the decline derived much of it's force from an extension of very confident short in nterest
 Disturbing industrial conditions, as indicated by the comprehensive move ment of the railroad companies to cut wages and reduce working forces as an offset to current and prospective deficits, occasioned further outpourings of the entire transportation list.
 Steels and various equipments which are directly dependent upon the rail- roads were engulfed in the setback. lOils, motors shppings coppers and some two score specialties of every description contributed their shares
 Minimum quotations were made in lthe final hour; shorts then concentrat- ing their attacks upon oils. Mexican petroleum was the storm center, los ing all but a fraction of 2 points and recovering little more than a point. iCrucible Steel. General Asphalt, Pan American Petroleum, Baldwin Loco motive and Studebaker were among the iother weak issues.
 Every branch of the bond market re- flected in the unsettlement in stocks, particularly high grade rails, includ : ing Pennsylvania 5s, which lost i4 points.
The Birmingham age-herald., 1921-03-12
NEW YORK BONDS


 l. $. 2s. offered ............... 1O0% U. \. As, coupon, bid ............,.... 103s. PaRama 3s, coupon, offered ........ S0h American Smelting X Refining 5s .,. v American Tel. & Tel. cv 6s ........ S6A Atehison gen 4s ............. 17 Atlantic Coast Line 1st As, bid . 76M Baltimore Ohio ibs ....... 66 Bethlehem Steel ref. 5s ,-.....,..,.. 79A Central of- Georgia Consol. 5s bid . sS Central Leather 5s .................. 90ss Chesapeake Ohio cv. 5s .......,... S0lA Chicago, B. Quincy joint As ...... 97 ss Chicago, Mil. X St. P. 41as ...... 65 Chicago, R. l Pac. Ky. ref Is .., IT City of Paris 6s ....,. ...s...,....... 96b Colorado & Southern ref. 4hs, bid . 73 Denver & Rio Grande consol As 5SL Dominion of Canada 5s (93D ....... s9h Erie gen. As ............... 3gi5 Illinois Central ref. 4s ....... 75 Int. Mer. Marine 6s .......... 80 Kansas City Southern ref. 5s bid 7S Llggett Ias,; & Myers es bid .......... SSls houlsville louisville X Nashville un. As ........ S11a Missouri, Kan X Tex. list As ...,,... 57 Missouri Pac. gen. As ..,.......... 52 New York Central deb. 6s ...... S714 Norfolk Western 6s .......... 100 A Northern Pacific As ..,.......... 75 Pennsylvania gen 5s .......... S6ts Reading gen. 4s ..,.................. SOla Republic Iron Steel 5s G94O) . s5is St. Louis & San Fran adj. 6s - 64L Seaboard Air Line adj. 5s ........ 32Ib Southern Bell Tel. 5s, bid ... SIS sout,ern southern Pafifie cy. 5s' bid 94A Southern Railway gen. As ,,.... 57k Texas & Pacific list, bid ......... 78 Union Pacific 4s ........, SOSs United Kingdom of G. E. & l. l4s
 U. $. Steel 5s '..'..'.'..' s5h XiTginia- N,i Carolina Chemical 5s ...... 9li5 Wilson X Co. cv. 6s .............. S61s
The Birmingham age-herald., 1921-03-12
COOSA IS NINETEENTH
County's School Standing Was Re
 gently Announced 4

Rockford March 111.-(Special)-Ac- cording to the statistics made by T. E. Bonner statistician of the state depart ment of education at Montgomery, Coosa county ranks nineteenth in efficiency in white rural elementary schools. In thls county there are three high schools. They are located at Rockford Hanover and GoodWater.
The Birmingham age-herald., 1921-03-12
Port Movement


 New Orleans: Middling, 10.75c; re- ceipts, 4,437; exports, 1,17S; sales, szl : stock, 416,95S.
 Galveston; Middling, 12c; receipts, 6447; stock, 319.730
 Mobile. Middling 1O.5oc; receipts, 53S; stock, 141S4
 Savannah: Middling, 11.oOc; receipts 931; stock. 154,159.
 Charleston: Middling, He; receipts, 100; stock 246,105.
 Wilmington: Middling, lie; receipts, -117; stock, 25.279
 Texas City: Receipts, S24 stock i.941.
 Norfolk: Middling, 11.25c; receipts S60; stock, S6,752.
 Baltimore: Receipts, Ss2; stock, s592 Boston: Middling, 11.soc; stock, 10,594.
 Philadelphia: Middlng 11.65c; stock 5,166.
 New York Middling, 11.4oc; stock, 125,965.
 Minor ports: Receipts, 100; stock, 3.661,
 Total today: Receipts, 14.7S6; exports. HTS; stock, 1,417,0S6.
 Total for week: Receipts, 1oS,660; exports, S0,S39.
 Total for season: Receipts, 4,eS7,oS4; exports 3,493,7S1.
The Birmingham age-herald., 1921-03-12
Money Market

BN AsSOChted PresS
 New York. March 11.--Prime mercantile paper. 712G7$4; exchange heavy; sterling l60-day bills and commercial 60-day bills ion banks, $3.S5ls. Commercial 60-day bills, ,3.S4%; demand. 3.S99s; cables, 3.yvss. lFrancs: Demand. 7.10; cables, 712. Bel lgian francs: Demand 7.42; cables. TAI. lGuiders: Demand, 34 S3; cables, 34 45, Lire: Demand, 3.6S: cables, 3,7o Marks: Demand, 15S; cables. 1.59. Greece De- fnand, 7.53. Argentine: Demand, S4.50. Brazilian: Demand, 15.12 Montreal 12ss per cent discount. Government bonds easy; railroad bonds heavy. Time loans steady; 60 days, 90 days and six months, 61Aa7 per cent Call money steady; rul- ing rate, q closing bid 6; offered at '; last loan, :. Bank acceptances. 6B
The Birmingham age-herald., 1921-03-12
EAST ST. LOUIS LIVE STOCK
Naval Stores Rv Asaoct>d D.

Naval Stores
 By Associated Press Savannah. March 11.-Turpentine dull. 641sc; receipts, T shipments, IF; stock |. 1.66.
 Rosin quiet; receipts 1S2; stock, 75,Ols Quote: B, D, E. F. G. H, I, K, M, N, VIC, wv, N1.
 Jacksonville, Fla, March 11-Tur- pentine firm at 54 sales none; re- ceipts none; shipments none: stock .20.266.
 Resin firm; sales. PIP; receipts none; shipments none; stock. 1S1,166. Quote: E. D. E. F, G, H. I, M. N. Wg, Wv. $11.30
The Birmingham age-herald., 1921-03-12
Jacksonville, Fla. March 11-
Hubbard Bros.

New York. March n.--tSpecialo Jour
 market this morning opened around the closing prices of yesterday. great deal ofrweight was given the statement re- garding the guaranteeing of export cred it's by the British government This im- proved the Liverpool market somewhat at the moment, but it will continue more stabilizing feature during the com ing months. Reports came from Boston that several mills had entered buying orders on scale-down. Wall street and the south were responsible for the only selling of this morning.
 Business was rather quiet during the early part of the afternoon. and indica- tions are that many are awaiting develop ments from the European situation. The market is becoming more steady and set tied as the crop season approaches A great deal of talk is still prevalent re- garding the cut in acreage and the re- duced use of fertilizer With great deal of Bearish news having spent itself, our market should do gradually better--fiup- bard Bros. X Co.