davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1921-12-16
NEW ORLEANS COTTON
 By Associated Pross

New Orleans, December 15.-From moderate declines in the early trad ing today the cotton market was lifted to small advances, mainly on the steadiness derived from better accounts from the spot department After trading 1S to 22 points under the closing level of yesterday there was rise to net gains of to 14 points, but the close had no decided results, net changes ranging from a point decline to 6 points loss Janu- ary sold as low as Is. 50c. as high as l6. S2c and closed at 6.71c.
 Poor cables resulted in a sagging opening. but even in the early trad ing the market was steadied at the decline by reports from Texas of a better demand from and some little business doing with Boston mills. Telegrams from Memphis said that both New England and Liverpool were in that market with fairly large orders and a little later 1t was said that one of the largest spot firms was quietly picking up spots here.
 In the late trading vague rumors of unfavorable textile trade develop ments were circulated. and they had the effect of pairing down the small gains that had been established, but no aggressive selling was done. Claims of light aiming this last pe- riod were something of support to the market the session through.
The Birmingham age-herald., 1921-12-16
COFFEE MARKET nx AaaarIafad praaa

New York, December 15-The mar ket for coffee futures opened at decline of 10 to 14 points under fur ther scattered realizing of liquida- tfon. which was probably due to un- settled showing of the Brazilian cables. March sold off to S.70c, making a decline of 40 points from the recent high level. but met some renewed buying at this figure and later rallied to s .SSc. closing at S.SOc. The general market closed net 2 points lower to i point higher. Sales were estimated at about S6,0oo bags. December, sSSc; Jnauary, s.7Sci March. S.SOc; May, s.71c; July, s.72c; September. S.77c.
 Spot coffee was a shade easier with Rio Is quoted at 9A @9ssc, and santos As at 12H @12%c. Cost and freight offers were irregular, but lower on the average, including san tos 3s and 5s at 12.25Q12. soc. Rio Is were at 8 S60c and Victoria Is and ss at s .40c, American credits.
 The official cables reported an ad' vance of SO reis in the dollar buy ing rate and a decline of 1-l6d Tn Rio exchange on London. The san tos market was unchanged to 50 reis lcwer at the close yesterday and showed a further decline of 250 to 325 reis this morning. The early cable reported Rio unchanged to 25t reis lower and later prices there were 275 reis lower to 100 reis high CT Brazilian port receipts. 49,000 Jundiahy receipts, 25,000. Rio cleared S.400 for New York.
The Birmingham age-herald., 1921-12-16
Combined Resources
 of the Reserue Banks
By Associated Press

Washington, December 1b.-Com- bined resources and liabilities of the 12 federal reserve banks at the close of business December 14 were TO- ported tonight by the federal reserve board as follows:
 Resources-Gold and gold certit- cates, s4so56O, 900. Gold settlement fund, federal reserve board, $5O4,- 744,o00. Total gold held by banks, $935, BOA, 900. Gold with federal re- serve agents, $1,s1S,422,Ooo. Gold re- demption fund, $12O,447.0o Total gold reserves, 2,S6s,173,0oO. Legal tender notes, silver, etc., $132. .413,- 900. Total reserves, $3,001,5S6,000 Bills discounted: Secured by United States government obligations. s459.- 630.O00; all others. $69S,203,000; bills bought in open market, S99,735, 900; tctal bills on hand. s1,152,56S.000. United States bonds and notes, $43.- 575,000. United States certificates of indebtedness on year certificates (Pittman act). s119,5o0,0 900; all other. $6G,71O. .000. Municipal warrants. s273,O 900. Total earning assets, $l,- 4S2, ,626, 900. Bank premises, $34,336,- 900. Five per cent redemption fund gainst federal reserve bank notes, s7,SS9. 900. Uncollectable items, s629.- 100000. All other resources, $20,209,- 900. Total resources, $5.176,436.
 Liabilities--Capital paid in. s1o3.- 130,000. Surplus. s213,S24 ,o00. Re- served for government franchise tax, s56, ,OS0, 900. Deposits: Government, S69, ,d07 ,00O; member banks. reserve account. s1.645, 5,610,O00; all other. s27.743.O00. Total deposits, s1,74s, . | 76O.0 Federal reserve notes in actual circulation. s2.393,777, 900. Net liability S,309,o00 Deferred availability items, s562,974,ooo. All other liabilities, s25,5S2,000 Total liabilities, s5,176,436.00o
 Ratio of total reserves to deposit and federal reserve note liabilities combined, 72.6 6 per cent.
 l Ratio of gold reserve to federal reserve notes in circulation after set ting aside 35 per cent against de- posit liabilities, a99 per cent.
The Birmingham age-herald., 1921-12-16
Small Orders Feature
 in Weeks Trading as Told By Trade Reuiew

\ Cleveland O., December 15.-(Spe-
 ciaL)-The Iron Trade Review says: Fewer outstanding tonnages are appearing among current iron and steel sales, yet a miscellaneous flow
 of small orders is surprisingly well maintained. It Is this fact that re-
 vcals conditions of reduced stocks and of fundamental consumptive re-
 quirements which it Is believed will come into greater evidence after
 general restraint upon buying at the years end shall have been lifted. Steel works operations are little low CT this week, and industry has ad- fjusted itself to expectation of quiet
 Ing down period for the next few weeIs.-
 November's relatively slight gain In steel ingots productions of ~ per cent was in line with manifest difficulty the market has encoun- tered in continuing it's expansion much above the 50 per cent marx. November output was at the annual rate of 23,580,O00 tons. compared
 with rate of 22,s7o,ooo tons in Oc-
 tober. This indicates an activity or approximately 54 per cent Of oper- ating capacity on basis or hish- record output of ingots in l9l1. The refusal of interstate commerce commission to sanction extension 10
 March 31 of 2S per cent reduction ih iron ore rates voluntarily granted by
 railroads is looked upon more fa
The Birmingham age-herald., 1921-12-16
MORE STRENGTH
 DEVELOPS|N THE
 GRAIN PIT LIST
Wheat, Corn and Oats All Take Upward Slant, While Provisions List Was At a
 SeeSaW
By Associated Press

Chicago, December 15.-Grain prices developed strength today largely as a result of gossip that Congress would appropriate funds for the purchase of 15,OOO.Oo0 bushels of corn and 3,0OO,o0o bushels of wheat for Russian relief Wheat closed strong. 1@1Bc net higher. Corn gained x @5sc, and oats A O %c. In provisions the outcome was unchanged to 215c up.
 At first the wheat market showed downward tendency because of the prospects of rain or snow likely to offer relief from drouth in the southwest. It being the fifth day of declining prices, however, selling was only half-hearted, and caution on the bear side was further sug- gested by a drop in receipts at nc rthern terminals. Gradually at tention of traders began to focus on the possible market effects of a proposal at Washington to expend S2C, ,000, ,000 to buy foodstuffs for Russia. Consequent increase of bull isk sentiment showed itself first in the corn pit, but later was much more manifest in the wheat market. Active commission house buying of wheat followed, especially during the last half hour. Reduced crop esti- mates from Canada counted as further stimulus at the finish.
 Upturns in corn and oats. as we'll as fin wheat, were mainly ascribed to Russian relief talk. On the other hand, liberal sales of corn to go into storage here acted somewhat as a ceunterbalance. Scattered buying on eastern account upheld provisions.
The Birmingham age-herald., 1921-12-16
STOCK MOVED ID
 HIGHER LEVELS IN
 DAYS TURNOVER
The Feature of the Bond Mar ket Was the New York City 50-Year Off,
 fering
By Associated Press

New York, December 15.-On a turnover approximating 100000 shares, the stock market today moved very generally to higher levels, the railway list being the only important development to manifest irregularity.
 Oils, metals, motors. the cheaper ooalers and numerous other issues were carried forward by the extent of buying power. The rise was at it's height in the final hour. regardless of call moneys unexpected advance to per cent.
 Specific Features of strength em- braced various California issues, no tably Associated Oil, Candler Oil of California and Pacific Gas and Elec- iris at gains of to almost points. Among the other strong stocks were Atlantic Gulf, United Fruit, Amer can International, Mercantile Marine preferred, Corn Products and Anacon- da, Chile mad Utah Coppers, these making gains of l to points.
 Several of the higher priced oils and rails, also secondary rubber and equipment shares were affected by moderate offerings. but most reac- tions were retrieved at the strong  finish.
 French and Belgian currencies were depressed as a result of the announce ment that the German government would be unable to meet fully the reparations payments maturing Tn January and February. Paris and Brussels rates about 20 points each and sterling lost 1o on the pound German marks showed only slight de- preciation and rates on the north Flu ropean countries rose 10 to 20 points
 The feature of the bond market was the New York city s55,o00,000 IA per cent 5e-year offering. which went to a banking syndicate on what was re- garded as satisfactory terms to the municipality. The general bond list was active and steady, although lack ing in especial developments, aside from new high records for the year by both issues of Victory notes. To- tai sales, par value, s17,775.00
The Birmingham age-herald., 1921-12-16
FLEECY STAPLE
 JUST ABOUT HELD
 AT ITS OLD PRICE
General List Closed Steady. Net 3 Points Higher to 4
 Points Lower on the
 Day
By Associated Press

New York, December 15.-Yester- days advance was followed by reac- tions in the cotton market during to- days early trading, but prices firmed up later on talk of better spot de- mand. January advanced from 17.32c to 1762c and closed at 1750 with the general list closing steady net 5 points higher to points lower.
 The market opened steady at an advance of points on December but generally to ' points lower owing to disappointing Liverpool cables and less favorable reports from Manches- ter Active months sold about 16 to 20 points net lower during the morn ing with December touching 17.5Oc and March 17.31e.
 Offerings were comparatively light, however and the market became firmer during the afternoon on re- ports that a New England buying agent was in the Memphis market for 1000 bales, that New, Orleans had sold 5000 bales for export and that inquiries for spot cotton were being received at southern points from Bos- ton. No trade buying of importance was reported around the ring here and business remained quiet but there was covering by early sellers who had been disappointed by the failure of the decline to bring out a greater volume of liquidation. This with scattering commission house demand sent prices about to 14 points net higher with December selling at 17.75c and March at 17.59c.
 January was relatively firm again today and the official cables showing only about 65,000 bales in the local certlficated stock confirmed yester- days reports of withdrawals. One of the private cables here from Liverpool said prices there advanced early on continental buying but later eased on selling by Manchester, and there were reports of n dull trade in cloths in the Manchester market with some low price sales by weak holders. Re- ports from the domestic goods mar ket said the tone was steadier but that demand continued light.
The Birmingham age-herald., 1921-12-16

vorably than otherwise. It is inter- preted to mean that general and not special reductions are likely to re- ceive considerations; furthermore. that any premature action will not be allowed to prevail.
 The slow decline in, the Iron Trade Reviews composite market average of IA iron and steel products con tinues. This weeks average Is S33.S3; last week 1t was $34. .29, and three weeks ago s34 50. Composite figures now stand s10.54, or 31 g per cent. above figures of December, 1913.
 The first buying of size for 1922 delivery in pig iron, notably in the east, has brought with 1t further price concessions. A westfield. Mass. consumer closed for 7.500 tons down to basis of $19.25 to an eastern Pennsylvania furnace, which Is the lowest point yet developed in that territory.
 American oil interests are reported to have been offered German plates at price of 2.0Sc. Texas port, which is equivalent to 1.13hc Pittsburg. This is at least $5 per ton under the lowest domestic price. At the same time advancing prices in Germany and the .hise of the mark have wiped out any competitive advantage of this sort.
The Birmingham age-herald., 1921-12-16


 New Orleans: Middling, 6.75c; receipts. 7.549; exports. 10,144; sales, s,o51; stock. 394,1o7. Galveston: Middling. 1e,e5c; re- ceipts, 5.157; exports, 1s,17s; sales. 493: stock, 3SS,944.
 Mobile: Middling, 625c; re- ceipts, 175: stock, 16,907.
 Savannah: Middling, 17c: receipts, 1,541; exports. 14,724; sales. ASA; stock, 160,ss1. Charleston: Receipts, 2s4; stock, 11e.141.
 Wilmington: Middlins, 1s.5oc; re- ceipts 120; stock, 39,7S2.
 Texas City: Stock, 11,513.
 Norfolk: Middling. 17c; receipts. 1901; sales, 92; stock. 1s3.o4s. fN Baltimore: Stock. 3,2%2.
 Boston: Middling. 1sc; receipts. TAP: stock, $500.
 Philadelphia: Receipts, 11a; stock, 12,223. New York: Middling, 1sc; sales, 100; stock. S7,06S.
 Minor ports: Receipts, s,192; ex- ports, 3,192: stock, 2,635.
 Total today: Receipts, 15.77s; ex- ports, 44.23s; stock, 1.373,741. Total for week: Receipts, 1o5.503;
The Birmingham age-herald., 1921-12-16
Bulletins Concerning
 the Days Trading
 In Market World
By BRIGGS
By Associated Press

Washington, December 15.-The Senate today adopted a joint res- oIutiOn providing for reimburse ment of certain corporations for losses sustained by them ih its purchases of Argentine sugar un- der government orders during the sugar shortage last year. The measure now goes to the House.
 Washington, December 1B.-At a meeting of the commerce re- Iations committee of the Inter state Cotton Seed Crushers assO- citation here today it vas decided to call e special meeting of the association at New oFleans Jan uary 4, and to recommend that the organization go on record as opposed to the tariff on vegetable x oils proposed in the permanent tariff bill.
 Washington, December 15.- Hearings will be held at St. Paul. Minn., on December 2S and 20 by the joint congressional cOmmit- tee which is Investigating short time rural credits.
 Later hearings will be held at Kansas City, at which stock rais- CTS will be asked to testify and at Atlanta. where credit to cotton growers will be considered.
 
 Washington, December 15.-A duty of $1.62 R barrel on flour, which he and senators agreed would amount to an embargo, was asked of the Senate finance com- mittee today by A. P. Husband of Chicago, representing the IiI- lera' National federation. The rate proposed in the Fordney bill ts $1. l.. E. Moses, miller. de- nied that the duty asked for would be prohibitive and said the millers wanted to prevent sca- sOnaI dumping of flour in the United States.
The Birmingham age-herald., 1921-12-16
Southern Pine Will
 Be Shipped to France
By yAssociased Press

Memphis, Tenn., December 1B.--Ne- gotiations are under way for the sale by southern pine interests to the French government of approximate ly 240,000,00 feet of pine lumber, valued at between. s7.ooo. 900 and ss.- 900, 900, according to an announce ment at a meeting here today of southern yellow pine producers.
 Under the proposal the lumber would be delivered in France at the rate of about S,0o0,0oo feet per an mum for the next three years and be used in rebuilding the devastated sec tions of that country.
 It was stated that the negotiations had proceeded to . point of discus- sion of terms of credit and prfce, a substantial agreement in principle having been effected.
The Birmingham age-herald., 1921-12-16
FOREIGN EXCHANGE


 New York, December 15.-Foreign exchange irregular. Great Britain demand 41Sb; cables 4.1SN; 6O-day bills on banks. 4.15h. France. de- mand 7.95h; cables 7.96. Italy, de- mand 4.571a; cables 4.5s. Belgium demand 7.621a; cables, 7.s3, Ger many, demand .53; cables .535a. Hol- land, demand 36 40; cables SC. 46 Norway. demand 15 IS. Sweden, de- mand 24 eO Denmark, demand 19. 3O' Switzerland, demand 19. 42. Spain, demand 15. Greece, demand 4.25. Argentine, demand .25. Brazil, de- niand 12.s7. Montreal. 92 27-16.
 Rates tended downward in the late dealings, as follows: Great Britain derpand 4.17A; cables 4.17&; 6O-day bills on banks, .14A. France, de- mand 7.911h; cables 792. Belgium demand 7.5Sh; cables. 7.59. Greece demand AIS.
The Birmingham age-herald., 1921-12-16

light and prices moved within mar row limits. There was an advance of 2 to points early, but near the close prices eased off under liquidation. closing unchanged to 1 point net lower. January, 2.26e; March, 2.22c; May 2 33c. and July, 2 .45c.
 The market for refined sugar was unchanged at B. 200 for fine grant, ated. There were no transactions in refined futures. Closing prices were unchanged with January at 5c; March, 5.10c, and May, 5.25c.
The Birmingham age-herald., 1921-12-16
NEW PAsTOR COMING

Troy, December Special )-Di c. B. Arendall of Richmond, Va. wh has accepted the pastorate of thu First Baptist church here. has WriA ten that he will likely arrive the first part of January to assume his du- ties. He stated that his resignation there had not been accepted but that he had fully made up his min to come to Troy.
The Birmingham age-herald., 1921-12-16
NAVAL STORES
 nv Asso,iatad Prasa

Savannah, December 15-Turpen- tine firm, 74Ac; sales, 53; receipts 237; shipments, 55; stock, 12,Ss4.
 Rosin firm: sales, 1,25o; receipts 147; shipments. 4,sos; stock, 7S.7s7 Quote: B to G, s4; H. I, s4 o5; K s4. 80; M. s5 20; N. s5.35; we, $5.70; wv, 5.90.
The Birmingham age-herald., 1921-12-16
HAS I4-PoUND TuRNIPs

Meridian, December 15.-(Special) J. M. Cook. prosperous truck farmer residing In this county, brought tur- nips to the local market today. Some of them weighed as high as IA pounds each. These are said by the oldest citizens to be the largest turnips ever grown in this section to their knowl-
The Birmingham age-herald., 1921-12-16
METAL MARKET
nv A..ocIntaA preaa

New York. December 15.-Copper firm; electrolytic, spot and nearby, 1884 @14c; later, 14c. Tin strong; spot and nearby, ss5; futures. sS4. Iron steady; prices unchanged. Lead steady; spot, s47o64.SO Zinc quiet; East St. Louis delivery spot, 1900 4.95. Anthony, spot $4.50.
The Birmingham age-herald., 1921-12-16
SUGAR MARKET

New York, December 15.--The raw sugar market was unchanged. The only business reported was 5000 bags of new crop Cubas to an oper- ator at Pc. cost and freight. equal to 3 .6Uc for centrifugal. for January shipment. Old crop Cubas are quoted at axe. cost and freight equal to 8 3.S6c.
 Trading in raw sugar futures was
The Birmingham age-herald., 1921-12-16
Hubbard Bros. & Co.

Members New York Cotton Exchange Orleans Cotton Exchange, New Yorh ro- dues Exchange. Associated Me ,ecs Livsrpool Cotton Association. Srde, so- Iieited for the purchase and ,aie of eu and Cotton Seed Oil for future delivery. Special attention and liberal terms ven for eonsiEnment of spot cottota livery.
The Birmingham age-herald., 1921-12-16
uurIlnvs FnoM pEER HUNT

Meridian, December 15.-(SpecialD Councilman J. A. Covington has re- turned from a deer hunt in west Texas. He was the guest or ms brother. l. H. Covington of San An tonic. Five large bucks were killed. two of them by Councilman Coving- ton. one of which he brought back with him.
The Birmingham age-herald., 1921-12-16
COTTON SEED OIL Rv AaSocfafel press

New York, December 15.-Whiie quiet, cotton seed oil ruled firm, ow- ing to desire to secure profits by recent sellers ahead of the coming census report. Offerings were light. Closing bids were to points net higher. Sales. 6,200 barrels; prime crude, 6.90@7c; prime summer yell low, spot, Sc; January, s.27c; March, .65c; May, S.S7c, all bid.
The Birmingham age-herald., 1921-12-16
DRY GOODS MARKET

New York, December 15.--Bleached cottons were priced today on basis of 15c for Lonsdales and 1S1sc for Hopes, A bleached. Unbranded goods were offered at He for A., s4x60s. At these prices business im- proved Wool blankets for the fall season have been opened. Yarns were steadier. Burlaps were firmer and raw silk steady.
The Birmingham age-herald., 1921-12-16
MONEY MARKET

By AbsOcIHteu TFtbb =, New York December 15.-Call money frmer; high. per cent; low 41a per cent; ruling rate, per cent closing bid, B1k per cent; offered at per cent; last loan, 6 per cent coll loans against acceptances, la per cent Time loans firm; SO days 90 days, six months. 5@5A per cent Prime mercantile paper. 5Q5A per
The Birmingham age-herald., 1921-12-16
RAID LARGE STILL

Meridian. December 15.--(Specia1.) Prohibition Agent J. G. Buchanan, United States Deputy Marshal W. L.. Eshe. Special Officer J. J. Kennedy, accompanied by the constable of that district, John Love, raided and de- stroyed a large moonshine plant in the Shucktown community of this county late yesterday. Several large boilers, copper coils and several bar rels of mash were among the things destroyed No distilled spirits were found nor were there any arrests, the sinners having made their get away before the arrival of the off cers
The Birmingham age-herald., 1921-12-16
SPOT COTTON
By Associatefl Press

New Orleans. September 15.-Spot cotton steady and unchanged. Sales on the spot. 1.2s7' bales; to arrive 1,754. Low middling. 14. 4.75c; mid ding, 16.75c; good middling. 17.75c Receipts, 2,54s; stock, 3s4,107.
The Birmingham age-herald., 1921-12-16
RICE MARKET

DJ tAbHOClAtcu Ert6b
 New Orleans, December 15.-Rough rice strong; no sales; receipts, 16,- 3SS sacks; millers' receipts, same. Clean rice strong; sales reported: 500 pockets Honduras at 65s @64sc c; 23sS pockets Blue Rose at 2@4Ac, 635 pockets Early Prolific at 3hc. Receipts, 3,720 pockets. Bran and polish unchanged
The Birmingham age-herald., 1921-12-16
SPOT COFFEE

By Associated Press New York, December l5.-coiiee spot Rio No. 2. 9 5-16c.
The Birmingham age-herald., 1921-12-16
CHICAGO GRAIN By Associated Press
CASH GRAIN By Associated Press

Chicago, December 15.-Wheat: No. 2 red, s1 .09; No. dark northern, s1.25. Corn: No. mixed. 47@47Ac; No. yellow, 471k @4S1ac. Oats: No. 9 white, 35% @37c; No. white. 33A @34%c. Rye nominal. Barley. 47D soc. Timothy seed, s5@6.10. Clover seed, s12. .50@1S.50. Pork nominal
 Lard, ss. .55@s.eo. Ribs, $7.25@s. .25.
The Birmingham age-herald., 1921-12-16
nAR SILVER

By AssOcIntcd Prebs New York, February 15.-Foreign bar silver 65tsc. Mexican dollars 49%c.
The Birmingham age-herald., 1921-12-16
POTATOES
 Ry Asao~iatad PrAs

Chicago, December 15.-Potatoes steady; Wisconsin sacked round whites, s1.70@1.So; Minnesota, s1.65; Idaho sacked rurals, $1.s0 cwt.