davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1921-04-03
EXPORT DEMAND FOR.
 NEW AND OLD WHEAT. CAUSED GOOD RALLY.
Corn Also Closed at a Slight Advance, While Oats Went Down for Fractional
 Losses
By Associated Press

Chicago, April 2.-General covering by shorts and the development of an active export demand for both old and new wheat caused a sharp rally near the close today which carried prices upward after the lowest figures of tke season had been reached on all de- liveries of grains and provisions. At the finish wheat was 1 hc to 2% c net bigher, with May s1.37 to $1.37lA and July s116 to s1.16A. Corn was un- changed to $ O Ac higher, while oats ranged from %@Ac down to ssD%o up, and provisions were off 221ac to 75c.
 There was a sharp bulge in wheat prices during the last Is minutes of trading and most of this held up tO the close. There had been many rallies but most of them lacked the force to carry prices much above the previous close, but when they did go above that level, short covering was free on srop loss orders. Reports of as high as 4.000,000 bushels of wheat being worked for export and St. Louis report to the effect that wheat had been worked for export based on the July delivery tended also to unnerve shorts. Crop reports continued to show an excellent condition over the greater part of the belt. Liquidation of cash wheat was said to be on in parts of Kansas and Nebraska, the bulk of it going to ex- porters.
 Coarse grains rallied with wheat. but offerings were light, farmers be- ing said to be busy in the fields be- cause of the favorable weather for this work and were not selling corn and oats to arrive freely. Provisions were weaker and lower early with gains and on scattered selling, but rallied to-
The Birmingham age-herald., 1921-04-03
NEW YORK COTTON
New Orleans Cotton


 New Orleans, April 2.-Active trading and lower prices attended the session in cotton today. The market opened lower and fell off until it stood 20 to p points under the close of yesterday with May down to 11.50c. The close was somewhat steadier at net declines of IA to IS points, with May at 11.S6c.
 What appeared to be an accumulation overnight of selling orders based on an unfavorable opinion of the British labor troubles, caused the early declines. but in the late trading there was selling pressure from Texas interests accom- panied by reports from that state that the crop was making such good pro- gress in the earliest counties that new bales might De expected at an unusually early date More or less selling re- suited from the better weather map and the rather unfavorable tone of week end reviews of trade in general.
 There were times during the session when shorts took profits in moder- ately large way. and this buying al- ways produced steadiness. The partial recoveries on the close seemed to be due mainly to buying of this sort, all though some brokers claimed that new investment buying was entering the market.
The Birmingham age-herald., 1921-04-03
WEEKLY METAL
Rx Associated Press

NeW AorA, Apra "A more active de- fnand from automobile manufact,rers mas gwen the steel market a slightly be. ter tone. Otherwise demand has been limited and production has not increased The prospects, of further price readiust ments and the question of future ra i freight rates discouraged buying while new constructive demand is very limited
 Pig iron continues dull and weak. Pro uuction IS being held to a minimum and no one cares to Accumulate supplies.
 Copper has been more active, particu- larly for export. of which sales were es- timated at over 100000 pounds. Dc nestle trade, however, has been quiet and flrmness has been largely attributed 10 restricted production. No less than IA companies have decided to close their properties to await improvement in gen. eral conditions. and the April-May pro- duction will not average over 40 O0O. 900 pounds per month, it is estimated The March production was estimated at 80. : oc.0oo With March deliveries of about 6o,Ooo,0O0 and exports of .5O.000. 900, it would seem there has been little or no accum. ulation. Outside of the 400. 000, ,OO0 pounds withdrawn for export. the available sup ply Tn the country is about 250, coo, 900 to 301, ,Oo0, GOO
 Tin is off about cent for the week in sympathy with foreign weakness, and consuming demand is unimproved
 Lead has been trifle firmer with both demand and production light.
 Zinc is dull and unchanged Large stocks in both producers and consumers hands operate against revival of new de- mand at present
 Anthony is steady with stocks strongly held
The Birmingham age-herald., 1921-04-03
CLEARING HOUSE BANKS
By Associated Press

New York, April 2.--The actual con- dition of clearing house banks and trust companies for the week shows that they hold $14,283, 300 reserve in excess of le- gal requirements. This is an increase of s6,624,260 from last week.
 The statement follows:
 Actual condition; Loans, discounts etc, decrease $11, ,S04,000; cash in own vaults, members federal reserve banks. decrease $5,097. 900; reserve in federal reserve bank of member banks, in- crease $1S,55S,000; reserve in own vaults. state banks and trust compan- ies, decrease s124,000; reserve in deposi- taries, state banks and trust companies, increase $260.000; net demand deposits increase $93.235, 900: time deposits, de- crease $3.29S.000. circulation, decrease s2,152,000; excess reserve, increase $6,- 624.2
 Summary of state banks and trust companies in greater New York not in- cluded in clearing house statement:
 Loans, discounts, etc, decrease $2- 911,500; gold increase s30.100; currency and bank notes,s decrease $122,200; de- posits with federal reserve bank. New York, increase $421, 300; total deposits, increase $455.100.
 Do: eliminating amounts due from reserve depositaries and other banks and trust companies in New York city and United tSates deposits. increase s3.594,500.
The Birmingham age-herald., 1921-04-03
WEEKLY COTTON REVIEW
By Associated Press

New York, April 2.-The attention Of the cotton trade here has been. pretty well divided between the less favorable news from abroad and reports frorn Washington that the administration was considering measures for financing the distribution of surplus cotton stocks, during the past week. The result has teen much restricted volume of busi- hess with prices showing tendency to sag off under scattering liquidation which became g little more active during today's trading May contracts which had sold at 12.SSc toward the close of last month broke below the 12-cent level this afternoon when sentiment with ref eyence to the duration of British labor troubles and European affairs generally appear to be more unsettled. Lancashire mills are supposed to have considerable coal on hand and it is believed that they can continue running on their present reduced schedules for some time, while private advices received from I,iverpooI this morning said that the beginning or the coal strike had been discounted Llv. erpool was a moderate seller here late yesterday, however, and local brokers express doubt of any improvement in ex. port business pending more settled labor and political conditions abroad Some southern selling has been reported dur. ing the week but it has been compar. atively light and the advance of crop preparations without any general in crease in spot offerings has helped to sustain prices in the face of the unfa- vorable situation abroad. There has been no change in the news regarding acre. age prospects and report published oy a Chicago authority toward the end of the week pointed to a reduction of 12,-
 OO,O00 acres in the area to be planted as compared with last year, with a de- crease of 70 per cent In the use of fer tilizers. The proposed conference be- tween the war finance corporation and southern bankers on Monday has been regarded as likely to result in some more definite plan for financing export business and Washington advices published hers during the week have intimated that the department of commerce might be able to aid in the distribution or marketing of surplus supplies. The goods market here has been somewhat less active since the holidays. but Manchester reported improving conditions there up to the be- ginning of the coal strike.
The Birmingham age-herald., 1921-04-03
East St, Louis Live Stock By Associated Press

East St. Louis, April 2.-Cattle: Re ceipts, 1oo no market today. Compared with week ago: Steers steady to 25c lower; light yearlings strong: cows, 15c to 25c higher; bulls and canners steady veal calves. s1 to s1.5o lower; stockers and feeders. 25 cents lower.
 Hogs: Receipts. 2,5O0, slow and mostly steady. with yesterdays average, top on lights, 10.s5c; bulk, 10Qu0. 25c; bulk me- diums, 925ad0c; bulk heavies s.60qSc packer sows steady; pigs steady to 25c lower: quality medium to good; all lights sold and heavies cleared slow
 Sheep: Receipts. 700, no trading today all receipts through and direct; compared with week ago lambs and yearlings. 75c to $1 lower; aged sheep. 25c lower.
 machines operated by internal combus- ton engines utilizing petroleum for fuel are being built for a German railroad
The Birmingham age-herald., 1921-04-03
FEDERAL RESERVE BANK
By Associated Press

Washington, Apr1I 2-Combined re- were reported by the federal reserve were reported by the federal eserve board tonight in thousands of dollars as follows:
 Resources-April 1, 1921: Gold and gold certificates, s299. .485; gold settlement fund, federal reserve board, $497, ,79o; total gold jheld by banks, $7g7 ,275 gold with federal reserve agents, $l, 900, ,345; gold redemption fund. s14S.s19 total gold reserves. $2,246,- 439; legal tender notes. silver, etc, s214,- 792; total reserves, $2,46l ,231.
 Bills discounted: Secured by United States government obligations. s950 6SS; all other, $l,263.97; bills bought in open market, $122, ,491; total bills on hand g, ,337. .0S6; United States government bonds, s25, 70o; United States Victory notes. s19,000; United States certificates of indebtedness: One-year certificates (Pittman accounD. $247,375; all other, s, ,9s3 total earning assets, $2,613,lS3; bank premises, s2o,651; per cent redemption fund against federal reserve bank notes, s11 ,S56; uncollected items. s555,oo6 all other resources, s10,5o9; total resources s, ,672, ,436.
 Liabilities: Capital paid in, slo1,1S7; sur plus, $202, ,$36. Deposits: Government de- posits, $S2 ,099; due to members, reserve account $l ,672, 4O2; other deposits includ- ing foreign government credits. $34,lSz' total deposits. $l,7S9.2S3; federal reserve notes in actual circulation, $2.9oS, ,1o3; fed eral reserve pank notes in circulation. net liability. s169,722; deferred availability items, $451, ,27o; all other liabilities, SSo.- ss5; total liabilities, $5,672. .436.
 Ratio of total reserves to deposit and federal reserve note liabilities combined 524 per cent
 Ratio of gold reserves to federal reserve notes Tn circulation after setting aside 35 Ter cent against deposit liabilities, G31 per cent
The Birmingham age-herald., 1921-04-03
Hubbard Bros.

By Associated Press
 New York, April 2--(Special )-No new feature appeared in our market this morning. and consequently from lack of any new demand our market eased off and remained quiet, some 20 points under last nights close. Wall street sold early on the weakness of yester- days stock market, and it was evident at the opening that quite few selling ordefs were in the ring for southern interests.
 However, in the face of this the mar ket remained steady on the decline. The feeling at the moment is rather pessimls' tic, but on the other hand we hear of a slight improvement from textile reports, probably owing to the thought that spring trade will improve slightly. The market will probably remain around this level until new features develop-Hub bard Bros. & Co.
The Birmingham age-herald., 1921-04-03
Weekly Financial Review
Ry Assnciatrd Preaa

New York, April 1.-The stock. market was put to another severe test of it's recuperative powers this week, standard shares. as well as numerous issues of the speculative variety, recording irregu- lar declines, these in several instances establishing low records.
 The movement was in striking con- trast to that If the previous week, when the firm to strong undertone seemed to justly hopes in many quarters of an iucipient bull market, technically known as the spring rise.''
 Reasons for the latest recaton were clearly traceable to various incidents of domestic and foreign origin Approach of the second quarter of the year brought no easement of money rates, and the unsatisfactory investment situation found direct expression in the lack of success which attended the offering of New York city short term warrants
 Conditions abroad were rendered more complex by the crisis resulting from the strike of the British coal miners and tie military and political maneuvers credited with the attempts to restore the Hapsburg monarchy.
 Promise of better trade conditions lacked fulfilment, except in isolated cases. Railroad earnings showed irreg- ular improvement, but the state of the transportation systems of the country. physical and financial. occasioned fresh apprehension.
 At leading industrial centers the feel- ing ruled that further downward revi- sion of price schedules offered the only solution of a revival of demand for steel and iron. In other branches of indus try curtailed production, contracted pay rolls and reduced or suspended dividends were dominant factors.
 Prevailing economic conditions arc likened by some competent observers to those which marked the severe depres- sion of 1893 and 1907 Others are of the opinion that recovery is already under way and that further adjustments may be necessary.
The Birmingham age-herald., 1921-04-03
Port Movement
 DrAco

by hbsOcthtcu Hoes
 New Orleans: Middling, ll.2oc; re- ceipts, 1,9S1; exports, 2,513; sales, SS3 stock 402.739.
 Galveston: Middling, 11.5oc; re ceipts, 5.406; exports. s.927; sales, SSO' stock, 2S4,543.
 Mobile: Middling. 1o.5oc; receipts S2s stock, 15,S22.
 Savannah Middling, 11.75c; receipts 2,0sS; exports, S.9O9; stock. 156,3o9. Charleston Middling, 11.50c: re- ceipts, 467; stock. 246,371.
 Wilmington: Middling, 10.75c; re- ceipts, 714; stock, 2S.1?7.
 Texas City: Stock, 1900
 Norfolk; Middling, 11.25c; receipts 1,214; exports, 1000; sales, as1; stock, SALTS.
 Baltimore: Stock. s,227.
 Boston: Middling. 12c; receipts, SO, stock. 9.c70
 Philadelphia: Middling. 12.15c; stock 5.421.
 New York: Middling, 1lyoc; stock, Minor ports: Receipts, 500; exports. 500; stock, 2,070.
 Total today: Receipts. 12,75S; ex- ports. 21.S49; stock, 1,377,647. Total for week: Receipts. 12,75S; ex- ports, 21,S49.
 Total for season: Receipts. 4,955,- S07; exports, 3,767.094.
The Birmingham age-herald., 1921-04-03
LIBERTY BOND QUOTATIONS
 By Associated Press New YOrk. nril o-I iha.4.- l.
Chicago Live Stock By Associated Press

Chicago April 2-Cattle receipts 5oo,. veal calves fully $1 lower, all other grades and classes generally 25 cents lower; top heavy beef steers for week, 10.10c; top yearlings, 10c.
 Hogs; Receipts. 30, 900; medium weights. l0c to l5c lower; others mostly steady with yesterdays average; good clearance top. 10.15c; early bulk of 200 pounds up s75q10c; bulk of 220 pounds down, S.75G 9.Soc. Pigs. 15c to 25c lower; bulk desir- able, 30 to 12o pound pigs mostly 9.5Oa 975c
 Sheep: Receipts 5000, compared with week ago; lambs generally soc to 75c lower; shorn stock showing less loss; yearling, 25c to Soc lower; sheep steady to 25c higher
The Birmingham age-herald., 1921-04-03
MARINE NEWS
Rv Associnted Press

Port Eads La, April 2.-Arrived; Bryn hnd. Matanzas; Caloria. Tampico; Co., mus, New York; Hegira, Newcastle, England Howlck Hali Calcutta; Janeta (BrD Glasgow: Kirktown (Br), Pro- gresso: Quimistan dIond), Port Barrios; Strathlorne (BrD. Europe; Arinculo (Br), South Ampton. w c. Teagle Tampico.
 Sailed: Chickasaw Antwerp; Chinam- pa, New York Choctaw, Tampico; Eb- ros (Spain), North Shields. England Heredia, Port Barrios: Matanzas, Tam pico; Mundelta, Mobile.
The Birmingham age-herald., 1921-04-03
DULL AND NARROW
 CONDITIONS F ACE } WALL STREET CROWD
Losses Among Representative IndustriaIs Were Relatively Moderate Until Towards
 the Closing Hour
By Associated Press

New Ork, Aprll Z.-BuSlneSS on the stock exchange today was dull and narrow. but these conditions offered no serious obstacles to professional traders intent upon further deprecia- tion of quoted values.
 Tobaccos and sugars. as represented more particularly by American Suma- tra Tobacco and American Beet Sugar, were weak from the outset, losing 1 to 4 points on reports of adverse trade conditions and possible dividend reg vision.
 Losses among representative indus trials were relatively moderate until towards the close, when drive against Baldwin Locomotive, Crucible Steel and Studebaker at net declines of i E to points unsettled the gen eral list.
 Pennsylvania was distinguished among the rails for another fraction- al decline to the new minimum price of 34, but other trs,ns nsportations were inactive and only slightly changed.
 Aside from an increase of $93,235 ,000 in actual net demand deposits, the clearing house statement failed to re- fleet the heavy transfer of funds in- cident to the close of the years first quarter. Actual loans and discounts decreased $11,S00,000 and a gain of about $6,600,0oO in actual cash in- creased the reserves to almost $14,s00,- O0o
 Trading in bonds was nominal, with steady tone for Liberty issues and most other prominent features. Total sales, par value, $4,250O00.
 News of tne day bore little relation 10 the market, but trade surveys re- ferr~~ to a reaction from the Easter activity in mercantile lines. The re- cent cold waves. it was added, have had tendency to diminish the demand for seasonable commodities.
The Birmingham age-herald., 1921-04-03

by AssOcIated Press
 New York April 2.-Apart from the fact that uncontrolled sugar has been advanced to the basis quoted by the committee, there was no feature in raw sugar on Saturday and no sales Buyers were indifferent because of the small demand for refined. All sugars were quoted on the basis of 5Ac cost ana freight, equal to 6.27c for centri fugal.
 Ihe ref1ned market continued very ouh ana without change at Sc for fine Erahuialeo' hard grades, and 7.75c for suits' owlng 10 weekend covering by Wdii street and trade interests and the better tone to raws. s,,par f,t,,-a were firmer, closing to 13 noints nst: nlgher. Final bids: May, 5.o3c: TuIv 5.l5c, and September. 517c s,
The Birmingham age-herald., 1921-04-03
Dry Goods

New York, April 2.-The dry goods markets were quiet today. but the sem tlment yinclined toward frmness. Cook, forward business was reported in fall. mes of cottons and woolens Many buy CTS were in town for the carpet auction peglnnlng Monday. Interest was broad ening m better grades of silk hosiery. The burlap market was still inactive at low prices. Broad silks continued firm and hopeful
The Birmingham age-herald., 1921-04-03
Money Market
By Associated Press

New York, April 2.-Prlme mercan- tile paper, 71a @7% per cent. Exchange steady; commercial 60-day bills and commercial to-day bills on banks, 3.s7; commercial 60-day bills, S.S6#; de- mand, S.s1A cables, 3.92A. Francs demand, 100; cables, TOP. Belgian francs, demand, 7.3O; cables 732. Builders demand, 34.37; cables 3447 Lire, demand, 4,12; cables, 414 Marks demand, 1.60; cables, 1.61. Greece, de- mand, 7.67. Argentine, demand, 3475. Brazilian, demand, 14.37. Montreal liA Der cent discount Government and railroad bonds steady.
The Birmingham age-herald., 1921-04-03
Hubbard Bros. & Co.

Members New York Cotton Exchange, New Orleans Cotton Exchange, New York Produce Exchange. 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., 1921-04-03
Coffee Marker
By Associated Press


 New York, April 2.=The market for coffee futures was lower today under catered liquidation. Evidently the showing of tie Brazilian cables was a disappointment to recent buyers, who Fad expected that the reported gov err ment buying would lead to ad- Vances in the primary markets This accounted for some of the early sell Ing, and the break uncovered stop or oers late in the morning. First prices were unchanged to points lower, with the decline extending to 6.5Oc for July and 6.Slc for September The close was at the lowest showing net de- clines of 14 to 20 points Closing bids: May 6.13c: July, e.5Oc; Septem Der, 6.S0c; october, 6.92c; December. hl5c; January 7.25c; March, 7.45c.
 sspot coffee, dull; Rio 7s 6kc to 6Ssc; Santos As, 91@1oc. Cost and freight offers included Santos 4s at s.25c to 9.50c and Rio Ss at 6.20c. American credits. The official cables reported an advance of 70 reis in the ooilar-buying rate with decline of l-l6 pence in exchange on London.
 The Rio market was 175 reis hieher put santos futures were irregular at an advance of 50 to a decline of 100 rels. Santos cleared 6,S0O bags for New York. Brazilian port receipts Shooo; Jundiahy receipts, 5000 A
The Birmingham age-herald., 1921-04-03
London Money

By Associated Press
 London. April 2.-Bar silver, 321@d per ounce. Money, 51a per cent. Discount rates: Short bills, 5A per cent; three months bills, 51sQ5 S-16 per cent.
The Birmingham age-herald., 1921-04-03
Spot Cotton

New Orleans, April 2.-Spot cotton quiet, 25 points lower. Sales on the spot 33 bales; to arrive. 300. Low middling s.50c: middling, 11.25c; good middling. 13c.
 New York. April 3.-Cotton. spot quiet; middling, 11.90c.
The Birmingham age-herald., 1921-04-03
NEW ORLEANS COTTON

New Orleans, April 2.--The cotton mar ket closed steady at net decline or l4 to IS points.
The Birmingham age-herald., 1921-04-03

Public libraries are not the modern institutions they are populary supposed to be- They existed in Egypt, Persia,
The Birmingham age-herald., 1921-04-03
Potato Market

By Associated Press
 Chicago, April 2--Potatoes, receipts, 300 cars; new Florida Spaulding Rose, dcubIe-head barrels, $13@13.50 per bar rel; northern white sacked and bulk, $1.10@1.20 cwt; unchanged to Dc higher than yesterday.
The Birmingham age-herald., 1921-04-03
Interior Movement By Associated Press

Houston: Middiing, i0.7oc: receipts, 7,671; shipments. s,965; sales, 2.s43: stock, 352,507.
 Memphis: Middling. 11.50c; receipts. 2,SS0: shipments. 3,917;@ sales, 750. stock, 366,527. ; Augusta: Middling, 11c; receipts, 59S; shipments. S75; sales, 26; stock. 144975.
 St. Louis: Middling. Il soc: receipts, 1,031; shipments, 1.271; stock. 30.204.
 Atlanta: Middling, i1c.
 Little Rock Middling, lie: receipts. sS0; shipments, 964; sales. $50; stock 65,535
 Dallas: Middling, 1o2oc; sales. 2,S13
 Montgomery: Midd,ing., 10.50c.
The Birmingham age-herald., 1921-04-03

Horse racing in England is said to have been first established at Chester In lGpA
The Birmingham age-herald., 1921-04-03

Greece and Rome thousands of years ago and the library establlshd by the Arabs at Cordova contained more than 2500o0 volumes.
The Birmingham age-herald., 1921-04-03

Japanese have developed process whereby silk worms can be cultured lo times a year instead of twice. as nor n. ally. and better silk produced.
The Birmingham age-herald., 1921-04-03

A, log jam in the St. John river in Frederickton. N. B., completely covers the wide river for a distance or i've niles and for that entire distance no water is seen.
The Birmingham age-herald., 1921-04-03
Naval Stores

By A6sOcfated Fre80
 Savannah, Ga. April 2.-Turpentine, firm; 52A; sales, 51: receipts. 165; shipments. 355; stock. 5.005. Resin. firm; no sales; receipts. AT; ship ments. 2,305; stock. 63.9S5. Quote: B, p. E, F. G. H, I. K. NJ. $s.s0; N. S3.75;
The Birmingham age-herald., 1921-04-03
Cotton Seed Oil

New York, April 2.--Cotton seed oil was easier through renewal of liquida- tion, prompted by the break in lard. although covering near the close checked the decline Leading positions closed to T. points net lower. Sales S,70o bar rels. Prime crude, 4c nominal prime summer yellow spot. 5.5Oc bid. May closed 6; July, 6.56c. and September, 69sc. alf bid.