davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1921-08-16
Big Shipments Send the Price of Wheat
 for q Small Gain
By Associated Press

Chicago, August 15.-Wheat aver aged little higher in price today owing chiefly to big North American shipments and to bullisn estimates of the United States exportable sur plus. The market closed steady at tho same as Saturdays finish to # cent higher with September s1.24M to $1.24%, and December, s1.26A tt S1.26h Corn gained a shade to 14c and oats lost B e 1a to s to %c. In provisions the outcome ranged from 10c decline to rise co 2hc.
 With shipments for the week from North America aggregating 12,557 900 buhels as against s.s76o00 bushels a year ago, the wheat market showed an upward tendency as soon as trad ing began. Bulls were likewise en- couraged by an authoritative analysis indicating that the domestic surplus would hardly reach 175,000, 900 bushels Besides smallness of country offerings had a tendency to uphold values and there was but little pres sure on the market except when Sep tember reached 1.25, and Decembe ber 127. The fact that the visible supply increase was mainly at the seaboard counted also as a strengthening in- fluence, and so too. did announcement that lndia's crop would fall 125,00o,- 900 bushels short of last years total Speculative buying, however, as well as new export business lacked volume.
 Associations that Iowa and Neb- raska farmers were showing less willingness to sell gave a. little strength to corn. Oats weighed down by heavy receipts, touched the low est prices yet this season.
 Provisions were easy in the absence of any special demand.
The Birmingham age-herald., 1921-08-16
SUGAR MARKET


 New York, August 15.-The feature in the raw sugar market today was decline of 1sc in Porto ,Ricos, l0,- 900 bags selling to a local refiner at 4.75c for centrifugal. No sales or Cubas were reported which were re- garded 3h cents cost and freight, equal to 4.S6c for centrifugal. There was also sale of San Domingoes in port at 21sc c. i. f., equal to 4.S7 ia c for centrifgual The easier turn in the spot market led to renewed liq- uidation in raw sugar futures and prices were lower all day. Trading, however, was only moderate and con- fined to new crop deliveries with closing quotations at about the low est of the day and from to points net lower September closed at 3.0oe, December, 2.S4c; March, 2.64c, and May, 2.70c.
 No changes occurred in refined sugar with fine granulated listed at from 6c to 6.15c and with only a moderate inquiry reported, although refiners were said to be touching upon new orders.
 In refined futures there was a i'- tle liquidation in August which ac- counted for slight decline, altnoush trading in other positions was ne- elected Final bids were unchanGeu to Is points net lower. September closed at 5.9Oc; December z'ooc' March 5S5c.
The Birmingham age-herald., 1921-08-16
Daily Financial Gossip
By BRIGGS

of railway managers here, will not hesitate to spend all the money that IS needed to bring his railroad prop erty in such condition as will cause 1t to be compared favorably with any other railroad in the United States. When this is done, the railroad should even though high wages and low rates be maintained, greatly increase it's earnings, and perhaps be rec ognized as, relatively speaking, the first of the American railroads to regain high prosperity
 A Question of Tonnage
 As MT. Ford's manufacturing in- dustry is able to give a very great tonnage each way to this railroad. this fact is spoken of when refer -ence is made to the triumphs, now recognized, which MT. Ford has se- cured.
 He is exceptionally situated because from one point of view his railroads represent one pocket and his industry represents another, both pockets be e7 ing those of Mir. Ford Railway man agers say that if it were possible to secure railroad which is so sit uated as to give it very large tom mage among the various lines com posing its entire system, and there by gain earnings sufficient to pay operating costs, interest and reason able dividends. Mir. Ford did not buy this railroad because he had ambi- ton to venture into the field of rail way operation and to match his achievements with those which were gained by some of our great railway managers and promoters He bought this railroad, if the common under standing be correct, because he real ized that if it were wisely operated, it would be a valuable accessory to his manufacturing industry. But he real ized that he could not get full value unless it was adequately managed, and it is fact that he has surprised railway managers by his success in ignoring the unions, by paying higher wages than unions ask, while at the same time he prepared to reduce rates But is should be born in mind, railway managers say, that the re- duction in rates is of great benefit to his industry. Railway managers acknowledge MT. Fords almost unique ability as an industrial manager, and now as railway manager, but they also feel that it is unfair to American railway management to make critical comparisons between their management and that which MT. Ford has instituted, and so far carried on successfully.
The Birmingham age-herald., 1921-08-16
NEW ORLEANS COTTON ux Assoctated Press

Naw OrIeans August 15.--The cot ,on market was much of & trading affair today with conflicting inter pretations placed on the weather re- norts from the belt, causing quick changes within narrow Hmils' Traders could get upon no common ground regarding rainfall especiaiy in Texas. and while there was con siderable selling on the rains oye. Sunday in that state at flrst' tnele was buying after when 1t was qpn- tended that the rainfall had damaged open cotton in the southern counties, Tate in the session the market went to it's lowest levels under telegrams. rAnorting hard rain in sections or north Texas The trading months were 1s to IT points under the close of Saturday, with October orr to 1e.5sc. The close showed net losses of II to Is points. with October al 12.5sc.
 Poor cables helped to bring about lower opening. but the initlal de- pression of 1s to 15 points was soon followed by partial recoveries.
 For a considerable period the mar ket did not move much, and in the early afternoon it was at it's highest' to 3 points under Saturdays 1inais, with October at l2.1lc, on the View that most of the rain, chiefly in the form of scattered showers and re ported in several states. was doing more harm than good and was likely to increase insect activity
 The Dallas messages, however. brought out the heaviest selling or the day
 NEW ORLEANS COTTON
 Nav Orleans August 15.-The cotton market closed steady at net uechhe or
The Birmingham age-herald., 1921-08-16
GADSDEN SCOUTS WIND
 UP THEIR HAPPY OUTING

Gadsden. August -(Special.)- IT. Yesterday was the last day of the outing for the boy scouts at Shinbone Ridge. During the week the boys have been very busy in the mornns s on camp improvement and the work done by them would be a credit to a like number of experienced grown ups.
 Two weeks ago they completed :, dam built by theirs own efforts, which gave them a splendid swimming pool The dam required some 800 yards of stone and has facing of f,5O0 sacd bags The pool varies in depth from three to eight feet and covers an area of over two acres.
 During the day a life guard is iii charge of the pool and all boys sue- ject to his orders. He was also in charge of the swimming period in the afternoons.
 During the week the boys built diving towers, stages and spring. boards and have put the pool in splendid shape for the season.
 The camp is located on the crest of the ridge, about a half, mile from the swimming pool and about 300 feet higher. affording a magnif- icent view of the surrounding coun- frV
The Birmingham age-herald., 1921-08-16
CLEARING HOUSE BANKS

New York, August lS.-The actnal condition of clearing house banks and trust companies for the week shows that they held $15.so3,e50 rex serve in excess of legal reauirem snts. This is a decrease of $3,s76,340 from Hast week.
 The statement follows:
 Actual condition: Loans, discounts,
 etc, $4.41s,252.0o0. decrease s41,246.-
 coo: cash in own vaults. memoers federal reserve bank. $72,S70,000, de- crease $500 900; reserve In federal eserve bank of member banks. $40. s1S .000 decrease $2.739.000 reserve in own vaults, state banks and trust
 companies. ss,242.o00. decrease $70,- 900; reserve in Repositories. state banks and trust companies. $S,617,J00, increase $366,000: X, net demand de-
 posits, $3.562.347, 900. increase $11.-
 2s1, ,ooo; time deposits. $2os,056,000, increase s31s.000; circulation. $S1,-
 967. 1000, increase $517, 7,000; X U. S de- posits, deducted. $142.0s0 900; agyre-
 gate reserve, s4S7.177,0oo; excess re- lserve, $15.S0s,95e decrease $s,s7s,s40. | Summary of state banks and trust lcompanies in greater New York not included in clearing house statement Loans, discounts, etc, $606, 6,s70. 400, decrease $llfo,ouV' goiu, So'o oso'r"v' increase $43.400; currency and bank notes, $16,0S0,700. increase $o.100;
 deposit with federal reserve bank New York. $5o.423,100. decrease $1,- I295. 800; total deposits, $631,47S,20o, decrease $3,394,S 800
 De eliminating amounts due from reserve depositaries and other banks
 and trust companies in New. York Icity and U. $. deposits, $5Ss,7o4,5oo, decrease s4.543,500.
 Banks cash in vaults, $25.5ol. 200. Trust companies. cash in vault, $47.S .S29.0O0.
The Birmingham age-herald., 1921-08-16
MARINE NEWS
By Associated Press

Port Eads, La, August 15.-Ar- rived: Atenas, Bocas Deltoro; Goa huila (Mex), Mexico; Dramatist (Br.). Savannah: Edward l.. Doheny Galveston; Excelsior. Havana; Fair field City, Calcutta; Glenaffric (Br.) Trinidad; Lake Floravista, Neuvitas Cuba; Mariana, Porto Rico; o. J' Waring, Jacksonville; Orinian (Br), Kingston; Paul H. Harwood. Calves ton: Port Lee (Br). Cardienff; Salan New York; Teguclgalpa (Hond.J, Ceiba Texaco No. 147, Port Arthur, venator (Nor.), Blue Fields; War bride (Br.} Europe
 Sailed: J. A. Moffett Jr., New York Strombus (BrO, Tampico.
 Mobile, August 15.--Arrtved; Her man Winter. Port Barrios; schooner Hilda M Stark (Br.), Tampico
The Birmingham age-herald., 1921-08-16
STANDARD SHARES FREE OF PRESSURE
 IN DAYS TRADING
Money Market Remained Firm, Despite the Heavy Inflow of Funds From
 the Interior Points
By Associated Press

New York. August 15.--Standard shares were comparatively free from pressure today, but speculative in- dustrials and specialties whose prospects are obscured oy financial needs and trade depression sustained additional losses.
 Conspicuous issues of the latter class comprised rubbers, tobaccos, secondary equipments and motors, oils, shippings and food, chemical and paper shares. Extreme declines among these groups ranged from to 5 points.
 Rails were neglible factor, and the relative steadiness of popular steels were attributed to some im- provement of sentiment in that in dustry. Lowest quotations were made in the last hour, Mexican Petroleum International Harvester and General Electric displaying especial weakness
 Developmen over the week end offered little incentive for construc- tive effort. Railroad tonnage al west ern centers showed slight gains and heavy shipments of grains to market effected further liquidation of loans,
 Money Market Firm
 On the other hand, the money mar ket remained firm, despite the heavy inflow of funds from interior points, attracted by the per cent rate for call money which held throughout the session. There was little inquiry for short term maturities al to 6M per cent.
 Irregularity again featured the days nominal operations in foreign exchange. Influenced largely by Lon don, where lower quotations ruled, sterling and most continental remit tances moved in favor of this market, marks manifesting increased weak ness. Incidentally. the German gov ernment Is expected to make far reparations payments for British ac- count here during Nle week.
 Dealings in bonds were the small est of any day in almost two months. Apart from an uncertain tone which extended to the liberty division, the market was devoid of feature.
 Several of the foreign municipals were strong to firm. Total sales. par value. $6S75, 0000.
The Birmingham age-herald., 1921-08-16
COTTON SEED OIL
 Rv Associated press ~

New York. August 15.-Cotton sect oil was easy, closing bids showing net decline of 5 to 12 points. Trad ing was light and mainly profes sional. easier cotton and Wall stree having a sentimental influence. Sales 5.loo barrels. Prime crude, 6.7S, nominal; prime summer yellow spot S.B6@9c September, s6Sc; December 9.10c and March, S.45c. all bid.
The Birmingham age-herald., 1921-08-16
u,rBuARD,s LETTER

New York, August 15,-- Special IT Our market has been exceedingly cuiet all day and has remained re markabiy strong in fact of the im- proyed weather condition in the southwest where scattered rains were reported over Texas and Oklahoma. Sentiment continues very pessimistic as the whole trade are looking Tor ward to an early movement when they think will be more than the market can absorb
 On the other hand, mills throughout the world are without any great sup plies and are waiting this very move ment in the early fall to buy some cheap cotton. If further rains occur in Texas we may have tempor- arily lower market but we do not ad- wise selling at these prices.-Hub- bard Bros. X Co.
The Birmingham age-herald., 1921-08-16
DOMESTIC GOODS
 TRADE BULL|SH,
 CAUSING RALLIES
General Market Closed Bare ly Steady at a Net Decline of Five to Twelve Points
 on the Day
By Associated Press

New ork, August 15.-BulliSh domestic goods trade and crop ad- vices promoted rallies from an open ing decline in the cotton market to- day, but prices eased off later under increased southern selling of scat : tering liquidation. After selling at 13.47c at the start, December ral- lied to 13.61c and closed at 13.4sc, with the general market closing to 12 points.
 The opening was fairly steady at decline of to 12 points because of lower Liverpool cables and over Sun day selling orders from the south. Liverpool also sold some cotton here, but the offerings were not heavy, while there was enough buying On continued reports of an improved business in cotton goods and crop complaints. to give the market a steady undertone.
 After selling at 13.o4c on the call, October rallied to 13.19c during the early afternoon, and January ad- vanced from 13.50c to 1364c on cov- ering and trade buying. but this met more strength for southern selling which local traders thought might be connected with the increasing south western movement as indicated by the estimate for larger receipts at Galveston tomorrow. Prices eased back to about the opening figures, and the close was within two CT three points of the lowest for the day.
 Reports of Showers
 There was probably some selling on reports of showers in the southwest and lower temperatures, but private advices received here from Texas claimed that any fresh growth pro- noted by the rams would be too late to mature and in other respects there was no improvement in crop adyices According to the traveller of prominent local house, the con dition of the Texas crop has fallen to about 50 compared with 62 the end of July figures. Other spot houses here with southwestern con nections say their reports indicate that the crops of Texas and Okla homa will not exceed 50 per cent of last years and that some Of the larg CT ginning concerns there are only opening half of their plants. Liver pool cables complain of continued dull trade, but private advices rom Ghent. Belgium, said there was an improyement in the demand fer warns. Iii reported that ocean room for 800 bales of cotton from ne local stock has been engaged Tor shipment to Bremen.
The Birmingham age-herald., 1921-08-16
COFFEE; M tRI<ET

New York, August 15.--The market for coffee futures showed more ac- tivity and better tone today owing to the steadier showing of Brazil and reports of an improved trade demand The opening was to points higher and active months sold to IS points above last weeks closing quotations with December touching 7.09c com last week, and 7.25c. the recent high level. That delivery closed at rose. with the general market showing a net advance of to s points. Sales, including exchanges. were es {, hated at about s6,0oo bags. Closing bids. September 6.5Sc; October ,6.73c De- cember 7.03c; January 7l6c; March 74sc: May 7.64c; July 7.S5c.
 Spct coffee was reported in fair demand with prices steady at to 7Ac for Rio Is and 10 to 1O%c for Santos Is. Cost and freight offers included santos Ss and as, part Bour- bons at 10.50 to 10.15c. Victoria IS and Ss were quoted at 6A c American credits. and some fair sized sales were said to have been made in the cost and freight market late last week.
 The official cable reported decline of 225 reis in the dollar buying rate and advanced of lad in Rio exchange on London. The Rio market was 75 to 175 reis higher and Santos un- changed to "A reis higher. Receipts al the two Brazilian ports 41 900: :: Jundiahy receipts 2S.000 bags.
The Birmingham age-herald., 1921-08-16
DAIRYMEN OFF TO 4. & NJ.

Meridian. Miss, August i5--tSpe-s cial)-A large party of Lauderdale county dairymen left Meridian this morning in automobiles for the A. X M. college, where they so to attend the dairy course to be held at the College, beginning tomorrow and lasting through Wednesday.
The Birmingham age-herald., 1921-08-16

The Trinidad asphalt lake is so hard and solid that it bears the weight of a narrow gauge railway. The asphalt is dug out in large Jumps with a mattock. The holes thus made gradually fill up. and in "a week all trace of digging has dis appeared.
The Birmingham age-herald., 1921-08-16
LIVERPOOL COTTON

By Associated Press
 Liverpool, August l5.-Spot cotton in fair demand prices steady; good middling, a.S0d; fully middling,- s. pod middlins. s.45d; low middling. 755G; good ordinary, 6.40d; ordinary 5.e5d. Sales, 5000 bales. including 74D1 American. Receipts, 16000 bales. lr cluding 2,000 American. Futures quiet and steady; August, S66d: Oc- tober, s.77d; December, s.S7d; Jan uary. Sssd' March. s.s6d; May, sd. July, S99d
The Birmingham age-herald., 1921-08-16

While the record altitude for aero planes is broken almost every year. that for manned balloons has stool unchanged ever since the balloonists. Berson and Suering. rose to a height of 35.40o feet above sea level at Der lin In 1901. This Is . little better than the best aeroplane record.
The Birmingham age-herald., 1921-08-16
DRY GOODS MARKET Hx Aasociated PreAA

New York August s.-General strength pervaded the dry goods mar kets today. Prices of some cotton cloths and yNrns advanced too fast for buyers and were momentarily quiet. Raw silks were quiet. Bur laps remained at low prices.
The Birmingham age-herald., 1921-08-16
METAL MARKET

New York. August 15.--Copper un- settled; electrolitic, spot and nearby, 12@12Ac; later, 121s G12Ac. Tin steady; spot and nearby, 26.50; flu lures, $26.5o. Iron nominal; No, northern s2o@21 No. 2 norshern, sia Qz0; No. southern, sts.50@1s. Lead steady; spot, $40. Zinc quiet East st. Louis delivery, spot, s4.s0@42o Anthony. spot, $4.6o.
The Birmingham age-herald., 1921-08-16
CHICAGO GRAIN QUOTATIONS
 By Associated Press
CASH GRAIN Rv Associatad prasa

Chicago, August 1o.-Wheat No. 3. red, $1.25 @$1.26; No. 2 hard, sl.26E @$1.29. Corn No. 2 mixed. 5S@5Szc; No. yellow 5SA @5SAc. Oats No. white, S3M @34c. No. white, S1 F e S2hc. Rye $1.0S% @s1.OS%. Bar ley COG Toe Timothy seed $4.000 s5.99, cloverseed $1300@S19OO. Pork nominal; lard 10.a7c; ribs 9.2561025c,
 St. Louis, August 15.-Wheat No 9, red. S1.2S@s1.27 No. 8, S123@s124; September $1.22A; December SIPS.
 Corn No. 2 yellow 5sla e 757c No. 2. 56lac. September SIC. December 5S lsc.
 Oats, White No. 3. S2@Sshc; No. {, 2oc. September 32hc: December s6H.
The Birmingham age-herald., 1921-08-16
MONEY AND EXCHANGE HY Ass0ciafed Preas

New York. August 15.-Prime mer eantile paper 6@6H per cent; eS- change irregulara sterling 60-d day bills and commercial on bank s, 3,62i1; commercial 6o-day bills. s.62S; demand. 3.66; cables. 366ia Francs demand 7,s0; cables, 7.s0's Belgian francs demand. 761.i5; cables 7.62, Builders demand. 3112; cables 3-,1S. Lire demand. 437ia; cables, 43s. Marks demand, 1.151a; cables, 1.16. Greece demand. $40. Sweden demand. 21.o5. Norway demand, 12ls9 Argentine demand. 2a.S7, Brazilian Temand, 12.75. Montreal, 10 per cent discount.
 Government and railroad bonds ir- regular. Time loans firm; so days so days, six months, e@6A per cent.
 Call money firm, ruling rate, 6 per cent. Call loans against acceptances, . per cent
The Birmingham age-herald., 1921-08-16
Hubbard Bros. & Co.

Members New York Cotton Exchange, Now Orleans Cotton Exchange, New York Pro- luce Exchange. Associated Members Liverpool Cotton Association. Orders so- licitcd for the purchase and sale of Cotton
 and Cotton Seed Oil for future delivery.
 Special attention and liberal terms given
 for consignment of spot cotton for delivery.
The Birmingham age-herald., 1921-08-16
RICE MARKET Rv A Assoc,atAI pr>ss

New Orleans. August 15.-Rough rice strong. Sales, ITS sacks Hon. duras at S.7o a 4.25c; 3s4 sacks early prolific at 4.20c; 25 sacks blue rose Gold crop) at 3@S.75c; 1892 sacks Carolina at 3@4l6c; 400 sacks Cali fornia told crop), at 3.S.75c Re ceipts, 1S,S05 sacks; millers receipts 14.4S7 sacks. Clean rice sales, ssS pockets Honduras at 21a csc; 1,sss pockets blue rose at 211 @4 Tile POS pockets Carolina at 5 7s @6c. Re ceipts. 5,470 pockets. Bran and pol ish unchanged.
The Birmingham age-herald., 1921-08-16
NAVAL STORES

Savannah, August 5.-Turpentine steady. 5sc; sales 100; receipts, ss2; ] shipments, 2s3; stock. s,ssi. Resin firm; sales. 424: receipts. LOSS; ship ments. 300; stock. 72,4s2. Quote: B D, E, ss.so. F. s3.S5; G, ts.so; H, $s.s5; | F s4; K. $40; M, $A10: N. $l.c5; VIC. $5.05; wv, $5.5o.
The Birmingham age-herald., 1921-08-16
LONDON MONEY

London, August 15.-Bar silver,
 3sd per ounce Money, per cent; discount rates: Short bills, 4ss per cent. Three months bills. 41s per
The Birmingham age-herald., 1921-08-16
nAu SII.Nrn

By Associated Press New York. August 15.-Bars silver domestic, sskc; foreign, 6l lAc; Mex ican dollars, 47c.
The Birmingham age-herald., 1921-08-16
POTATOES

By Associated Press
 Chicago. August 1.--Potatoes firm western white sacked. s3.75@3.S5 cwt.; Nebraska early Ohios, s3.75 cwt. Virginia. $6.75 barrel.
The Birmingham age-herald., 1921-08-16
SPOT COTTON By AaeOcfnted Press

New Orleans, August l5.-Spot cot ton steady and unchanged. Sales on the spot. 1,412 bales; to arrive, none. Low mlddling, 103Sc; middling. l21Sc;; good middling. 13.1Sc. Re- ceipts 1,S57 stock, 441211.
 New York. August 15.-Spot cot