davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1921-12-23
COFFEE MARKET

New York December 22-The mar ket for coffee futures was irregular December being sustained by mod crate demand from the concentrated long interest. while later months showed a tendency to ease off un7 der further scattered realizing or liouidation. The opening was 5 points higher to points lower. After selling at S.71c December advanced to 8. sOc, but did not fully hold the gain, while March eased off from .S5c to S.75s. The general list closed at a net advance of points on December, but generally to II points lower. Sales were estimated at about 31Ooo bags. December. soc; January. s.7oc; March. s.77c; May. S.6Oc; July, S.5sc; September 62c.
 Spot coffee quiet; Rio Is, sA Gs%c. Santos Is, 12k @12Ac. Cost and freight offers were comparatively limited owing to unsettled exchange rates. but included Santos Ss and 5s at 12@12.15c; Rio Is at s.55@s.6oc, and Victoria ss, plus 20, at .25c.
 The official cables showed an ad- vance of 100 reis in the dollar buying rate, with & decline of md in the exchange on London. Rio closed net unchanged to 50 reis higher yester- day and reported a further advance of 100 to 175 reis this morning. san tos was 25 reis lower to 25 reis high CT at the close of the previous day and unchanged to 125 points higher this morning. Santos cleared 3S,l00 bags for the United States. Bra zalian port receipts. 44,O00; Jundiahy, 26,000.
The Birmingham age-herald., 1921-12-23

freight, for old crop Cubas as quoted by the committee, equal to 3.S6c for centrifugal. Trading was light and there were no sales reported.
 Raw sugar futures were easier un- der increased liquidation, prompted by reports that the committee was to cease operations, with some of the active positions selling at new low record figures. There was a good de- mand at the decline, however, and prices rallied slightly only to again ease off near the close, with final prices unchanged to 6 points lower. Trading was principally of an even ing-up character. January closed at 9 O5c; March 2.1Oc; May. 2.23c; July, 2.s6c.
 There was no change in refined sugar, with fine granulated quoted on the basis of 5c by all rehners with only a moderate inquiry reported.
 Refined futures were without transactions, closing net unchanged; January closed Sc; March, 5.10c; May, 525c.
The Birmingham age-herald., 1921-12-23
NEW YORK COTTON By Associated Prsss
NEW ORLEANS COTTON


 New Orleans, December 22-Guess- ing over the probable outcome of first notice day for January, which Is tomorrow, was the chief occupa- tioE of traders in the cotton market today More or less liquidation came from the long side in preparation for the events of first notice day, and for the triple holidays which follow the close tomorrow. At the same time whatever steadiness the market had was due to the belief that any Janu- ary tenders that appear tomorrow would be quickly cared for.
 Price movements were narrow the session through. After fall of to 6 points around the opening, in sym pcthy with rather disappointing cables, the market went to net ad vances of to points on reports that the long end of January was in strong hands. After small recess sions the list moved up to the high est of the day, just. before noon, on the report that one firm alone had instructions to stop notices .tomor- TOW to the extent of 25,000 bales.
 The afternoon session brought more liquidation from the long side. due to claims that ten- ders tomorrow might amount to as much as 15,000 to 10000 bales, which amounts are possible as the certiti- cated stock here is 6S.7l1 bales. Late in the session prices were at their lowest, at net losses of to 13 points, with January off to IT. 22c. which compared with IT .47c as the high price on that month for the day. The close was 9 points up to 10 points down, net on the day, distant months being stronger than the hears.
The Birmingham age-herald., 1921-12-23
STOCK MARKET
 WAS IRREGULAR
 AND REACT|ONARY
Money Was Inclined to Relax, With Interior Banks Drawing Upon Local Re-
 serves for Requirements
By Associated Press

New York, December 98-rsn- Hencies in the financial markets to- day were irregular or reactionary from the beginning. Only q few of tho standard or representative is- sues showed more than casual sup port.
 Trading in most other respects was characteristic of the holiday season. Further heavy selling was noted in certain speculative issues, presum- The investment inquiry was keen. however. as evidenced by the steady sale of new offerings. including Louisville and Nashville bonds. In- dustrials continued to be depressed by adverse trade conditions, more cutting of prices being reported in steel and iron products Oils were under constant pressure, and with motors, junior steels, coppers, chem icals, textiles and tobaccos, regis- tered extreme reaction of to points.
 Equipments, especially American Locomotive and General Electric. were about the only stocks in which the short interest deemed 1t advis- able to cover contracts. The slug gish course of rails other than coal CTS reflected further neglect of those Issues
 The money market was inclined to relax, although interior banks drew upon their local reserves for home requirements. Call loans opened at 6 per cent, but eased to in the aft ernoon, with private offerings on good collateral at A. per cent.
 In the bond market the striking feature was the heaviness of foreign issues, notably French municipals, which broke sharply upon relatively small sales. The domestic bond list including Liberty issues and rails was irregularly lower. Total sales, par value, s1s,Tbo,ooo. Without ex- ception foreign exchanges were lower, despite cables indicating an nmicable meeting between the Brit ish and French premiers. Sterling reacted 115c, other allied rates cas- inf to 10 points. The German mark also fell back with Scandinavian qu6fat tions. but eastern European rates were firm.
The Birmingham age-herald., 1921-12-23
Steel Sentiment Is More Cheerful
 Than Few Weeks Ago
By BRIGGS

Cleveland, December 22.-( Especially The Iron Trade Review today says:
 Despite quieter tone of iron and steel situation, general sentiment is more cheerful and expeetant than a few weeks ago. All things consid- cred the showing is better than had been hoped for and there are more acceptable signs that confidence slow ly Is being restored to both buyers and sellers. Mills are working chiefly on tonnages gathered in during re- cent weeks and more and more feel ing grows that reasonable increase in volume of markets may develop early in the new year, particularly if continued progress is to be shown in financial affairs.
 Signs of encouragement are to be- seen here and there. Shipments of plates. shapes and bars and semi finished material by some of the lead ing mills .at Pittsburg are heavier this month than November. MorS than 400 tanks have been ordered for' New Mexia fields, calling for 75,000l tons of plates and shapes. Pro-l nounced activity is shown in tin plate, with several mills now running f00l per cent. Structural steel awards inl November totalled 99.S0O tons or 55 F per cent of shop capacity, the largest in 17 months Argentine government railways have bought 1000 freight cars. China has purchased 15,000 tol 10000 kegs of nails. Numerous Brit ish inquiries are current, one New York exporter holding total of 25. :! 900 tons, mostly plates. Railroad freight rates in pig iron in Great Britain have been reduced 25 per cent Outlook for better buying of pig from soon is more promising.
 Valley foundry and basic is 50 cents. lower at s2o and $1S.25, respective y ;.
 Downward trend of the weel. yi composite market price of the Iron. Trade Review is yet to be check Il This weeks figures, covering IA hol. and steel products, is S33.S5, com-l pared with revised average of $3al1i last week. General November aver. age was $S4.7l, and that for 0etoperl $35.46.
 Definite progress is being made. itl IS declared, in preliminary negotfa- tons Tor merging of a-number of in-H portant independent steel compahi .,S as result of conferences of spec. committees at Cleveland and ot a cities. In these discussions. wh- | deal largely with ore, coal and Iii, stone, properties emphasis is beir ;l laid on tangible and proved resoul, This points to the fact that the m y ger is being planned along conserN f tive lines, both as to capitalization apprai5als of assets and underwritin outlay and that advantages to b;. served will be strictly economic lil character.
The Birmingham age-herald., 1921-12-23
Combined Resources
 of Reserue Banks
uv Associated "A Press

washington, December 22.-Com- hined resources and liabilities Of the 10 federal reserve banks at the close of business December 21 were report ed tonight by the federal reserve board as follows:
 Resources-Gold and gold certifi- oates. s3SO, ,26S, 900. Gold settlement f,;nd. federal reserve board, s55s,- s21 .ooo. Total gold held by banks seSe. .ooo. Gold with federal re- serve agents, s1,sS3, 10S,o00. Gold re- demption fund, s97,9s7, 900. Total gold reserves. s2,S70,994,oO Legal tender notes. silver, etc, $122.066,000. Total resolves. s2,99s, s,060,000. Bills dis- counted: Secured by United States government obligations, s503,17O,0oo; al others. s720.s33, ,o0o Bills bought in open market, s126,525,000- Total hills on hand, ,351,22S.000. United States bonds and notes, S51,0S4,O00 Tinted States certificates of indebted ness: One-year certificates Pittman account). 19.500,000; all others s41127. Municipal warrants, sa34. 900. Total earning assets. Sl,- .273.00o. Bank premises, $34.S7s,- GOO. Five per cent redemption fund against federal reserve bank notes, s7.sso. 900. Uncollected items, s592,- 172.o00. All other resources, S19,920,- 000 Total resources, s5,211 ,1S4. 900.
 Liabilities-Capital paid in. sl03.- 1e7. 900. Surplus, s213.S24,000 Re served for government franchise tax 5.es2,0O0 Deposits: Government s54.S75.ooO member bank reserve ac- count, s1.7os, sol. 900; all others, s26,- 274, 900. Total deposits, ,s1,7S4.75o,oOo.
The Birmingham age-herald., 1921-12-23
FINAL EVENING UP
 OF DECEMBER WAS
 MARKET FEATURE
General Staple Market Closed Steady, Net Thirteen Points Lower to Three Points
 Higher
By Associated Press

New York, December 22-The final evening up of December contracts caused some irregularity during to- days earlier trading in the cotton market, and there was some January liquidation which had an unsettling offset in the late afternoon. General business was very quiet, however, and the net changes comparatively small. March contracts sold off from IS. 20c to 17.9Sc and closed at IS o6c, compared with S.0sc at the close of the previous day while the general market closed steady. net 1a- points lower to 3 points higher.
 The market opened steady at an advance of 5 points on October, but generally unchanged to points lower. December notices amounting to about $500 bales were reported in circulation and evidently brought out scattering liquidation. The price broke quickly to IS .22c, or 36 points net lower and about 12 points below January. At this discount the De- cember contracts were absorbed and that position expired at midday with out any further feature of conse-  quence. Meanwhile the later months held generally steady, and after the December liquidation had been ab- sorbed, became firmer on pre- holiday covering and reports of steady spot markets In the south. January sold up to 1s.26c and May to r Tic, or 12 to Is points net higher, but the market met more realizing at these quotations and weakened late in the afternoon under liquidation by Janu- ary longs and the transfer of long contracts from January to later de- liveries. The selling probably re- flected expectations that some no- tices would be issued against Jan uary contracts tomorrow, and the price eased off to IS 0sc, closing at lat level. May declined to IT 55c, but recovered few points of It's loss in the last few minutes. The es- timate of the department of agricul- ture placing the worlds crop for 1921 at 15,59S,0O0 bales. against 20,- 650,000 last year, was considered about In line with estimates of the American and Egyptian crops pre- viously issued.
The Birmingham age-herald., 1921-12-23
TOY WORK SHOP IS
 SCOUT INNOVATION

Meridian, Miss, December 22-. Special )-Troop 3, Boy Scouts, have introduced an innovation that is proving to be of great interest throughout the city in the way of a toy work shop The scouts visit the homes of citizens, solicit all dis carded and cast off toys, take them to the shop, repair and repaint them, making them almost as good as new. With the made over playthings they propose to make the poor children of Meridian happy on Christmas day by personally distributing them among such as might not receive a visit from Santa Claus.
The Birmingham age-herald., 1921-12-23
BANK OF ENGLAND

ItN aehOclhteu fress
 London. December 22.-The weekly statement of the Bank of England shows the following changes: Total reserve, decreased f1,943.000; circula- tion, increased f1.9S7 ,0O0; bullion. de- creased 6.127; other securities, in- creased f4,517 900: other deposits, de- creased f16.663, 900; public deposits, increased f25S,000; notes reserve, de- creased f1,937,000; government se- curities, decreased f1S,975,000. The proportion of the banks reserve to liability this week is IA 61 per cent; last week 1t was IA 32. The discount rate is per cent.
The Birmingham age-herald., 1921-12-23
Bulletins of Interest
 to the Trading World
By Associated Press


 Washington, December 22.-Ne- gotiations are in progress by the American relief administration and the soviet government for an arrangement by which the soviet authorities would use the remainder of the unpIedged gold taken from the old Russian im- perial treasury in importing food stuffs to aid famine relief in the Volga basin. it was announced to- day by Secretary Hoover.
 Washington, December 22.- Manufacture and sale of 2.75 per cent beer would be permitted un- der bill introduced today by Representative Hogan, republican, New York. A tnx of $7 per barrel would be used to pay soldier bonus.
 Washington, December 22.- SenatOr McCumber, republican, North Dakota, introduced in the Senate today two bills designed to give further relief to farmers In crop failure areas. One mea- sure would set aside S5,0O0, GOO from which farmers in crop faiI- ure sections could borrow for the purchase of seed grains to the maximum of $500. The other bill would reimburse farmers who re- ceived loans from the govern ment In 1918, under the seed pur- chase fund of that year and who later borrowed from private sources to repay the government advances.
 Nashville Tenn. December 22. The Tennessee railroad commis- sion today cited all railroads in the state to appear January and show cause why the 30 per cent Pullman surcharge should not be discontinued.
 Washington, December 2z.--Fi- nal legislative action on the bill apprOpriating $2O.OOO.0O for the relief of Russia's starving and distressed, through purchase of grain, was taken today by Senate adoption. It goes to the Prcsi- dent, whose signature, congress sional leaders hoped. would start additional relief as America,s Christmas gift to Russia's famine regions.
 Houston, Tex, December 22.- The Southern Pacific, without the concurrence of other lines, will immediately place in effect a 10 per cent reduction on rice, rice flour, rice bran and rice hulls fin cnr loads for an experimental period of six months, it was nn- nounced today. The rates also will apply on the Morgan Line. Galveston nnd New Orleans to New York.
 Cleveland, O., December 22- Directors of the American Ship building company today declared the regular dividends of 1N per cent on both the common and pre- ferred stocks and an extra divf- dend of ,2A per cent on the com mon. All are payable on Feb runry 1 to stock of record Jan uary IA.
 New York, December zz.-The announcement of the dissolution Of the Cuban sugar finance com mittee on December 31 had no effect on values in the rnw sugar market. New crop Cubas, centrf- fugaI were quoted at S.3Oc and old crop at 3.S6c. Refined un- changed nt Sc for fine granuIated.
The Birmingham age-herald., 1921-12-23
FOREIGN EXCHANGE

New York, December 22.-Foreign exchange heavy; Great Britain, de- mand. 4.19as; cables, 4.19h; 60-day bills on banks, 4.16H France, de- mand 7.s9; cables, 7.90A. Italy, de- mapd 4.43A; cables 4.4315. Belgium, demand 5.7SA; cables. 5.7S%. Ger many. demand 54 cables, s.54 h. Holland, demand 36 6s; cables, IA. Norway, demand 5t. 60. Sweden, de- mand 24 95 Denmark, demand 21 01. Switzerland, demand 19 46. Spain. demand 14.S7. Greece, demand 4 IS. Argentine. 33 5O Brazil, demand 12.75. Montreal. 93h.
The Birmingham age-herald., 1921-12-23
By Associated Press


 New Orleans: Middling, 17.50c; receipts, 5,0S9; exports, 1S,o52; sales, 7,255; stock, 377.343.
 Galveston: Middling, S.15c; re- ceipts. 7,45s; sales. 1,os5; stock, S54.- t74.
 Mobile: Middling. 16. 75c; receipts. 56: stock. 16.373.
 Savannah; Middling. 17.sSc; re- ceipts, 1879; exports. 2,404; sales. 3S: stock, 17o,6Ss.
 Charleston: Receipts. s2s; stock. 107.7S9.
 Wilmington: Receipts, 71s; stock. 3S.724.
 Texas City: Stock, 12,270. Norfolk: Middling. 7.63c; re. ceipts. 2.1s4; sales. sss; stock. 1ss.- 779. Baltimore: Stock, 2.474. Boston: Middling, 1s.s0c; receipts.
The Birmingham age-herald., 1921-12-23
METAL MARKET Ry Associatrd Press

New York. December 22.-Copper steady; electrolytic, spot and nearby. 1S% a lie; later. 14c. Tin easy; spot and nearby. s32 .5o@33; futures, 50d33. Iron steady; prices un- changed Lead quiet; spot, s4. 70@
 4.So. Zinc quiet; East St Louis de- livery spot. s4.90@4.s5. Antimony. spot, s4. 50.
The Birmingham age-herald., 1921-12-23
COTTON SEED OIL


 New York, December 22.-Cotton seed oil was quiet but steady, with a mixed local trading. Offerings were restricted by the firm position of crude and steadiness in hog prod ucts. Closing bids were points higher to L net lower Sales 11,400 barrels. Prime crude sales, 705. Prime summer yellow spot. S.15@ s .40c; January, S.29c; March, s69c; May, S92c.
The Birmingham age-herald., 1921-12-23
MONEY MARKET
By Associated Press

New York, December 22-Call money easier; high, 6 per cent; low, 5 per cent; ruling rate, per cent; closing bid. per cent; offered at 5h per cent: last loan. per cent; call loans against acceptances, 4h@ per cent. Time loans firm; SO days. 505A per cent; 90 days, 565K per cent; six months, 5G5A per cent; prime mercantile paper, 5@5h per cent.
The Birmingham age-herald., 1921-12-23

Federal reserve notes in actual cir culation. s2,447. .56O.oo0 Federal re- serve notes in circulation, net lia- bility. sS2,747,000. Deferred availa- bility items, s497.205,0 ,00o. All other liabilities. s25 5,94s, 900. Total liabili- ties. s5.211.1 1000.
 Ratio of total reserves to deposits and federal reserve note liabilities co mbined, TOT per cent.
 Ratio of gold reserves to federal reserve notes in circulation after set ting aside 35 per cent against deposit liabilities, 96.S per cent.
The Birmingham age-herald., 1921-12-23
NAVAL STORES

Savannah. December 22.-Turpen- tine firm. 74Ac. Sales. 217; receipts, 21O; shipments, 757; stock, 12,512.
 Rosn firm; ss les 697: receipts. 1,123: shipments, $50: stock, S2,S61. Quote: B. D. s3 90; E. F, c. $S. 300 S92i4; H, sS.90@3.s5; I, s3.921a@ 3.95; K, S4.75N4.S0; M. s5 15 N, s5 30; VIC, s5 .55; wv. s5 .95.
The Birmingham age-herald., 1921-12-23
SUGAR MARKET n a..xtasaA DrAea

New York, December 22.-The req ture .n the raw sugar market today was the announcement from Cuba of the dissolution of the sugar finance committee by presidential decree at the end of the current year. It had no effect on values, however, which were unchanged to 3.60c for uncon- trolied sugars and 2Mc, cost and
The Birmingham age-herald., 1921-12-23
RICE MARKET

New Orleans, December 22,-Rough rice strong. Sales reported; 1,75S sacks; millers' receipts, same. Clean Nrice strong. Sales reported: 1,75S pockets Japan at 45sc; 3.s0S pockets Blue Rose at 2@4%c; 36s pockets Early Prolific at 4hc. Receipts none. Bran and, polish unchanged
The Birmingham age-herald., 1921-12-23
CHICAGO GRAIN By Associated Press
CASH GRAIN

Chicago, December 22.-wheat: No sales reported. Corn: No. mixed 49h @ soc; No. yellow, 4s% @ 5oc. Oats: No. white, 37@37iAc; No, 5 white, 34d351c. Rye nominal. Bar lev nominal Timothy seed, S5 .lo Glover seed $12.50@ 1S. 50. Pork nom inal; lard, sS.72; ribs, ST .50@S-5
 St. Louis. December 22-W Wneat: No red. SIS; No. 3, $1.1S@1 16; December. s1.12; May, s1.14. Corn; No 2 white. 4Sc; December, 4S1sc; Nav 53H 053aac. Oats: No. 1 white, 4SHc. December, s5c; May. S91sc.
The Birmingham age-herald., 1921-12-23
Hubbard Bros. & Co.

Members New York Cotton Exchange, Ne = Orleans Cotton Exchange, New York Pro- ducs Exchange. Associated Members Liverpool Cotton Association. Orders so- licitsd for the purchase and ,aie of Cotton and Cotton Seed oil for future delivery. Special attention and liberal terms given for consignment of spot cotton for de- livery.
The Birmingham age-herald., 1921-12-23
WEEKLY LIVERPOOL h. A.noniaAad Rrsaa

Liverpool December 22-Weekly cotton statistics: Total forwarded 10 mills, 44,O00 bales, of which S2'ooV were American stock, 936,000, of which 542,o00 were American; im- ports. 23.000, American 5000; ex- ports, 1000, American, 1000.
The Birmingham age-herald., 1921-12-23

pcrariIy, we feel that the recent ad- vance has been caused by covering of short cotton, and that the trade had not entered the market in any great volume on the buying side. On the other hand, the south bis not been a free seller, and 1t is ques- ton as to what price : re market will have to reach for them to iqul- date their holdings. We feel that they are in very i5ood position 10 hold their cotton, a.xd 1t may be that the spinners will lave to meet their prices. This -6mains to be seen, however, afte { the turn of the year.
 Hubbard E 50s. & Co.
The Birmingham age-herald., 1921-12-23
DRY GOODS
By Associated Press AZ

New York, December 2z.- Cotton goods were steady today with trade moderate in staples. Yarns were steady. Raw silk was un- changed. Burlaps were steady. NOV city and fancy dress goods sold in small lots. v ...-. -
The Birmingham age-herald., 1921-12-23
NEW ORLEANS COTTON RY Associated Press
sPOT COTTON

New Orleans. December 22.-Spot cotton steady and unchanged Sales on the spot 743 bales; to arrive. 1,512. Low middling. 15.76c; mid- ding. 17.5oc; good middling, IS. soc. Receipts. 5.0S9; stock, 377S43
The Birmingham age-herald., 1921-12-23
CHICAGO LIVE STOCK
 nx. tssaeiafed press

Chicago December 22.--Cattle: Re- ceipts. 4000; beef steers slow, mostly steady; few early sales to shippers steady to 25c higher; stale cattle very draggy' quality generally very plain.
 Choice yearlings .......,...s s.ze "A Bulk beef steers .........,. b.0og f-to
 Hogs: Receipts, S2.o0o; mostly 16c to 2sc higher than yesterdays average; closing weak to 1Oc lower than early; big packers bought vefy few: leaving liberal hoidover. many being off market. Top for light lights ........ 1.bo
 Practical top -............ I'tv Pn,k P,rs hulk desirable ........ 7.OoG 7io
 Sheep Receipts. 5000; best fat lambs and yearlings strong to 25c higher; other classes steady. ~ Top fat lambs .........-...- -sll.o0
 Bulk .... .........--. 1o.26Q1o.s5 Prime light yearlings s.ss Choice eve top -..,........ o-oo
The Birmingham age-herald., 1921-12-23
LISBON WOMAN DEAn

Meridian, Miss, December 22.-- Especial. Mrs. Lettie Lee Moore. wife of R. E. Moore of Lisbon, Ala. died at the residence of her brother in-law, W. A. Moore, here late yes terday. Besides her husband deceased is survived by two sons, R. H. Moore and Richard Moore; father and mother, Mir and Mrs. W. H. McGraw. of Stenson, Miss, and one brother. W. R. McGraw of Hendersonville. N c
The Birmingham age-herald., 1921-12-23

270; stock, $500.
 Philadelphia; Receipts, 50; stock. 13,593.
 New York: Middling. IS 4oc; ex- ports, 1,448 stock. s6,92. Minor ports; Stock. 2,15o.
 Total today: Receipts. 17,730; ex- ports 21,9O4; stock, 1,32S,650.
 Total for week. Receipts, 121,569; exports, 14S,299.
 Total for season. Receipts, 3,392,- 146; exports, 2,S12,977