davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1922-07-02
NEW ORLEANS COTTON A lxAd nHaaa


 New Orleans. July 1.-small depressons In the price of cotton today were caused by the railroad labor troubles and con tinued hot and dry weather over the greater part of the belt. although the last half of the session brought partial re ooveries on the forecast of showery weath- CT for several states. The opening was lower and in the early trading the de- ciines amounted to IS to IS points, De- tober dropping off to 20.S7c. This was the low of the day. In the later trading, the active months came back to levels un- changed to 8 points down compared with yesterdays finals, but the close was at net losses of to 13 points, October closing at 20. .q9c.
 The weather map showed only few rains scattered over the belt, none of them heavy and this went far toward offsetting further reports that weeviis were numer- ous in man ylocalities in Texas. The rail strike while not regarded as serious Tor the mediate future, caused worry lest transportation should become difficult when the crop starts to move should the strike continue that long.
 At all times trading plainly was restrict ed by the nearness of the governments 8 second report of the season on tho grow Ing crop. which is due Monday at ll:3o o'clock New Orleans time. all the more so because the trade will have only an hour and a half to discount 1t in before the market closes for the holiday Tues day.
The Birmingham age-herald., 1922-07-02
Actual Condition of
 Clearing House Banks
Bx Asrociated Press

New York, July 1.-The actual con- dition of the clearing house com panies and banks for the week shows they hold s1s6,se7,4s0 in excess of legal requirements. This is ah i'm crease of s20, 0,492,690 from last week. The statement follows:
 Actual condition: Loans. dis counts, etc, $4.737. .S96.0o0. Decrease. s105, 5,030. 900. Cash in own vault. members Federal Reserve bank, s55,- 2o7,0o0. Decrease. s5.1460o Reserve in Federal Reserve bank of member banks, S551, 900. Increase. $3.s2s.- 900. Reserve in own vaults state banks and trust companies. S7,197. .000. Decrease, s235.000. Reserve in de- positaries state banks and trust com panies. s10.35S.000. Increase, s177.- 900. .Net demand deposits. s4.133.- 524.000. Decrease. s151. 991. .000. Time deposits, s43S.1s2,oo0. Increase. s100,911. 900. Circulation, $34,416.0 0. Decrease. s212.oOo. Aggregate re- serve, $569, 1000. Excess reserve. s1s.ss7,49o. Increase. s2o,4s2.sso.
 Limited States deposits deducted. $35.122.0oo.
 Summary of state banks and trust companies,i In Greater New York. not included in the clearing house state ment: Loans, discounts, etc, s663,- 4s4.soo. Increase, ssSs.9oo. Gold. $5,42s, 900. Increase, s6,100 Crr- rency and bank notes. $16,127.- 100 Increase. sSSS.900. De- poslts with Federal Reserve banks of New York. $56,633,s00. Increase $2,774,400. Total deposits. $7o0.7o1.- 100. Increase. $6.44o.70o. Iliminat- ing amounts due from reserve depos- itaries and other banks and trust companies in New York and the United States: Deposits. $6so,o2o. 900; increase. $10,374.500. Banks: Cash in vaults, $25,066.0 900: trust companies cash in vaults. $53,123.s00.
The Birmingham age-herald., 1922-07-02
EVENING UP FOR
 MONDAY REPORT
 FEATUREDCOTT
General Market List Closed Steady at a Net Decline of Two to Four Points on
 the Day

New York, July 1.-Except-for furth~ CT evening up of accents in preparation for Mondays government report, very little business was reported In the cotton market today and fluctuations showed little irregularity. October sold off to 21.32c early under scatter ing liquidation, but later rallied to 21.53c on covering promoted by pros- poets for unsettled weather in the belt. That delivery closed at l.4oc, with the general market closing
 steady at net declines of to points.
 The market opened at decline of
 10 to IS points and soon sold 16 to 21 points net lower. The bulk of the pressure was attributed to a further liquidation, but there was probably some scattered local selling on a less favorable view of the labor
 news and reports that the recent
 break in raw material was checking the demand for cotton goods. July eased off to 213Sc and December to 21.1Sc, Nbut offerings then became very light and there was enough covering or trade buying to cause rallies of some IS or 20 points during the middle of the morning. Prospects for un- settled weather In the south may have helped to steady prices while there were reiterated reports of prospects for heavy boil weevii damage, and bullish comment on the statistical position as shown in yesterdays week end figures. The rally carried Jug up to 21.55c and December to 2f.S2c, but except for covering there was very little demand and the close
 was few points off from the best. Three more private crop reports
 were reported with the condition figures ranging from 70 to 72.S and the crop indications from 1o,S72,ooo | to 11,115,000 bales. In all, 1s private end June reports have been issued with the condition figures averaging 72.1 and the figures on the Indicated crop 11,102,0 900 bales. Manchester
 cable advices said that goods buyers were showing less confidence in prices, but that British manufacturers expected to do again business with
 India and China.
 Fall River reported that business
 there had been restricted by the un-
 willingness of manufacturers to con
 slider bids and concessions.
 NEW YORK COTTON
The Birmingham age-herald., 1922-07-02
SMALL TURNOVER INA YEAR ON THE
 STOCK EXCHANGE
Rails Held Firm in Spite of Strike, While Some Inde- pendent SteeIS and Oils
 ( Made Gains
By Associated Press

New York. July 1.-For all prac- tical purposes today's stock market was almost non-existent. The att tendance of members on the floor of the exchange was of the slimmest proportions and the turnover of lit- tie more than 100000 shares was the smallest, even for a weekend, this year. Rails held their ground, regardless of the strike situation. early nominal recessions being large ly. if not entirely, regained later
 Some of the independent steels ss well as active oils and motors made moderate gains. but many of the leaders rose and fell within fractional limits.
 Among specialties and misoel- laneous stocks, Coca-Cola, North American, American Water Works and Malinson were higher by sub stantial fractions to 9 points and several of the utilities improved,
 Weekly trade reports indicate that business at several of the larger dis- fributing centers was marking time. crop reports were mixed, southwes- tern advices showing some deterior- alton for corn and several other etaples.
 For the first time in months ac- tual loans and discounts of the clear ing house showed a large decrease, the contraction of $105,0 5,000,o00 being accompanied by a decrease of about S152,o00, ,000 in net demand deposits and a little more than $100,0O0,0OO in time deposits. The actual cash gain of practically s2o. ,0o0 wiped out the previous weeks deficit, leav- ing excess reserves at almost $l7,- coo 900.
 The foreign exchange market man. ifested further unsettlement on very light dealings. Sterling held the bet ter part of yesterdays rally, but most continental rates were unsteady and the German mark established an ab- solute new low at fraction un- der 025.
The Birmingham age-herald., 1922-07-02
Many Factors Cause
 Grain and Prouisions To Hold Up Past Week
Rx Associated Press

Chicago, July 1. = Railroad strike talk, black rust news and unfavor- able threshing returns have ak had a part In bringing about higher prices of wheat this week. Compared with week ago, wheat quotaticnsi this morning were Ac to 1Ac up. tCorn was down i 5zc to 1%cs Oats ok Nc and provisions unchanged to 45c lower.
 Wheat buying. associated with the strike situation. was based on a cl2n- tingent prospect that receipts by ratl would be checked, and that the bulfS of the stock of wheat here mighf be shipped out on lake vessels. leavingS shorts in an uncomfortable positionl Inasmuch as large amounts of wbeat held in other markets had been hedged by means of sales in Chicago. the July deliery here was particu- larly in demand at times. . fav6rite operation being to purchase July and sell September.
 Adverse threshing reports came from states as wide apart As ohio and Nebraska, and were followed ty sharp reduction in the generally accepted unofficial estimates of the total winter wheat yield. On the,
 other hand, although presence of black
 rust was confirmed in three of thet four leading spring crop states, the market effect was minimized by the absence of any assertion that actual damage had yet been done. Holiday preparations on the part of manly traders counted also as an offset to bullish efforts and led to price setbacks at intervals.
 Downturns in the price of hogs weakened in the provisions market.
The Birmingham age-herald., 1922-07-02
Heauy Selling of
 Standard Oils
 Feature of Week
By Assoctnted Press

New York, July 1.-The most prominent feature of the rading on the curb exchange during the week was the heavy selling of the Stand ard Oil issues. Up to the close yes- terday over 119.000 shares of Stand ard oil of Indiana were traded in during the week. starting at 1osM was followed by a rally to above 107. Standard Oil of Kentucky yielded from 941a to 91h. and then moved up to e4%; and New York, after fall ing from 429 to AIS. rallied to 42S.
 A feature of the market was the appearance of Southern States Oil. which started at 12zk and moved up to IA on trading of over 100000 shares.
The Birmingham age-herald., 1922-07-02
F. J. LINNELL & CO.'S LETTER

New Orleans, July 1.-tSpectai.)-in an- forecast, the size of which remains un- certain. the long interest was still in proc ess of liquidation today and as rail stock news was considered unfavorable the mar ket ruled easily notwithstanding the is suing of another bullish monthly crop re- port and indications for unsettled showery weather in the interior over the weekend. Returns to New Orleans Tim -Picayune average conditions at T2.3. average in crease in acreage 6.s indicating yield of about 1l,10o,o00 bales. Of tho private
 monthly reports issued in advance, IS average condition at 72.s. while the aver age of II reports indicate, increase fin acreage of 7.s per cent. and average of 10 reports is for production of 11,040, 900 bales. As an index as to what the trade is an- ticipating in the way of the condition. average guess of members of the New
 York Cotton Exchange is 7s:2, but since the increase In acreage will figure In the deductions, the governments indicated crop
 will likely have most influence on values one way or the other.
 In case official prediction is for, a pro-
 duotion of 1l,5oo,ooo bales or more. the market will decline temporarily. perhaps
 ease off little If 11.25oooo, but if . the market will probably advancer-perhaps
 sharply.
 With the opening of July, the crop en- ters the critical period, made all the more so by the reported presence of weevil in
 larger numbers than ever known at this
 period of the year throughout tho cotton region, and crop will probably have to pass through the usual summer vicissitudes.
 such as possibilities of tropical storms. too much rain or drouth In localities. damage,
 perhaps serious, by weevil. shedding. etc..
 not to mention possibility of early killing l frost in the autumn overriding late crop which is very spotted. especially In
 Texas, in the heart of which important
 state the crop is very late. Under the circumstances and owing to | light stocks in the south and diminishing
 rapidly. with prospects of late move-
 ment of new crop cotton, trade expanding
 and need of a large crop for next season,
 at least 1s,0o0.ooo, we favor buying in event of market declining on Mondays bureau crop forecast unless rail strike,
 which is only partial so far. becomes seri- ous.--H and B. Beer
The Birmingham age-herald., 1922-07-02
GRAIN AND PROVISIONS
 
CHICAGO GRAIN Rv AssOciated Press

Chicago, July 1.-Wheat prices today started unsettled. Deliveries of wheat on July contracts were smaller than expected. only 1S6, 900 bushels being reported. After starting Sc lower to E higher. with 1.16A, the market sagged a trfle. then scored moderate rally to above yes terday's finish
 Corn, after starting unchanged to hc higher, with September 66A 966%c. un- derwent slight decline then rallied.
 Oats opened unchanged to Ac higher. with September 3s% @3SEsc.
 Lower quotations on hogs weakened pro YiaiOna.
The Birmingham age-herald., 1922-07-02
HUBBARD's LETTER

New York. July 1.--(Speciai.) 1.-The mar
 ket was off few points this morning with very little activity on the opening. It was entirely a pre-bureau market, and there was no news of any particular ac- count. The weather map showed slight rains in Georgia. but on the whole 1t was 1 sa tisfactory. There will probably be lit- tie business transacted between now and
 the report, and the sentiment with ref erence to the report is very much mixed. We have very decided opinion as to
 just what the report will be- and prefer waiting to enter the market until after the bureau.-Hubbard Bros. & Co.
The Birmingham age-herald., 1922-07-02
One Lone Fauorite
Ry AssOcfated Press

Washington, July l. - The Denver and Salt Lake railroad was excused by the interstate commerce conmis- sion today from the necessity of putting into effect on it's lines the 10 per cent general cut in freight rates which all other railroads in the United States made effective today.
The Birmingham age-herald., 1922-07-02
Hubbard Bros. & Go.

Members New York Stock Exchange, New Orleans Cotton Exchange, New Yortk Pre- duce Exchsnge. Associated Members Liverpool Cotton Association. Ord&rs and Cotton Seed oil for future delivery. Special attention and liberal terms kivsn for consignment of spot cotton fer d. livery.
The Birmingham age-herald., 1922-07-02
Liberty Fourth
 Fours Climbing
By Associated Press

New York. July l.-The only fea- ture of today's narrow and nominal bond market was the further rise of liberty fourth As to the years maximum of l00.s2. Mexican govern ments made up part of yesterdays setback, but Europeans were list less and unchanged.
 St. Paul general 4s gained 1 point and the refunding 41ss made rrac- tional improvement with Illinois Central refunding 4s and U. 8. Steel 6s.
 Atchison adjustment Is yielded l point and moderate reactions were sustained by Kansas City Southern 5s. Total sales, par value. aggre- gater S7345,000.
The Birmingham age-herald., 1922-07-02
BUTTER MARKET


 Chicago. June so.-Butter markets were firm during the last week as a result of unexpected export demands and con tinued buying for storage, according to reports by the United States bureau of markets. The tone was weak at the close. as prices became top heavy and the ten score butter were New York, 3sc; Chi cago, 36c; Philadelphia, ssc; Boston SSc.
The Birmingham age-herald., 1922-07-02
POTATOES
By Associated Pres

Chicago, July 1.--Potatoes; Steady: re- ceipts. 31 cars; total United States ship sacked, No. l. s2,so62.so cwt.: Alabama spaulding Rose, s1.soG2.10 cwt. North Carolina Norfolk Irish cobblers. barrels. No. 1. $3.S5@4.35; mostly, s4Gs4.25; Eastern Shore. s4,5o 04.75.
The Birmingham age-herald., 1922-07-02
LIVE STOCK Ky Assnciated PreHk

Chicago July 1.-Cattle: Receipts, 1000; compared to week, beef steers 2S 10 Soc niger; yearllngs, S6 to soc higher spots on in between grades up more; weeks top natured steers, Slo.10; long yearlings. si0; butcher cows and heifers. uneveply strong to 3bc higher: canners and cutters weak to 25c lower; canners showing most decline; bulls. 25 to Sbc higher; veal calves largely soc higher: spots more; stockers and feeds, 25o up; weeks bulk prices; beef steers SsS59o.6o; stockers and feeders s5.75@675 butcher she stock, $b.0odT.6o; canners and cutters. S2.65@ a.75. veal calves Ss.00s76.
 Hogs: Receipts 10, 900; 10 to 200 lower; top, carly, $ioT5; bulk, ss.4o01O.65; bulk good butchers, $10.4o@1O65; hold over moderate; pigs. 25e lower; heavy, *io;SS Q lO.5b; medium. $lO.5o q lO.5b; ight. s1O6O@10.T0; light lights $1025@ l0.60; packing sows, smoth, S9.o0 9.60; packing ssao@1o.3o.
 tive lambs, s1s.25; compared week ago. lambs. yearlings and handy fat sheep mostly BOG higher; heavy sheep averag- native lambs, SIS; eulls, s7ooQ7.bo; yearlngs s1o@1l; ewes. sS.oo9eSo.
 East St. Louis. Ills, July 1.--Cattle: Re. ceipts. 5000; compared with week ago. fed native steers l5 to 25c higher; grass CTS steady; Texas steers 2b to 5oc higher; light yearlings and heifers and stockers and feeder steers steady: beef cows 10 to l5c higher veal calves 25 to 50isc; top for week, steers sa.5O (weight 1,2si pounds); yearlings. $s.75: bulk for week, native steerst S7,5049,00; Texas, $50 Q 6.50; light yearlings. s7.25QS.2b; cows s4.0OG5.25,
 ' Hogs: Receipts. 5000: few early sales light. Dc lower: generally market 1b to 26c lower; top early $10So: few sales 16o to ls0-pound averages, s107o@1o.so: bull 1so to 24o-pound butchers $10.bo 10.60i packer sows. ss.75@s.s5: pigs. s9.2b@1O.25
 sheep; Receipts, 5000; steady; good native lambs, sl2.5o; compared with week ago; Fat lambs 50 to 75c higher; sheer 25 to 50c higher.
The Birmingham age-herald., 1922-07-02
FLOUR MARKET

Minneapolis. July Flour; 1oc to> eoc higher. In carload lots. family patents quoted at $7.95 a barrel in 9S-pound cot ton sacks. Bran. s1450016. Wheat cash No northern, s1.51 @i.64h July. 143% |; No. yellow, 56k 957Hc. Oats. No. 3 white, 34ts @35isc. Flax. No. 12. 63@66c.
The Birmingham age-herald., 1922-07-02
COTTONsEED OH. Nv Aaaociated ProsH

ed slightiy lower but soon worked higher through covering operations. Closing bids were unchanged to 6 points net higher for active positions. Sales, $500 barrels No tenders were put out. Prime crude nom inal; prime summer yellow. spot. l110c; July, i1.1oc; September 11.2sc; December, 9.10c; all bid.
The Birmingham age-herald., 1922-07-02
MISCELLANEOUS

zkbsUNftftcu Toledo. July 1.-Wheat: Cash. 1.21A5 July s1.1s&; September $1.20A; Decem Der. s1.2s. Clover seer prime cash, s13; October. s11, December. s1o.s0. Aisike. prime cash and August. $11.75; October. $11.S5. Timothy. prime cash, s2.s6; Sep tember. S3.05; October, $s.
The Birmingham age-herald., 1922-07-02
NAVAL STORES

| Savannah. Ga. July 1.-Turpentins. quiet. $1.1sM: sales none: receipts. sso; | shipments, 114; stock. 6.2s3. Rosin. steady: sales. 556; receipts. 1.3o1:
 shipments 2.l5o: stock. 72,lo4 Quote: B. ! $4.45; D. sl.s5i E, s4.so; F-G-H. s5, I.
 s6.o6; K s6.so; M. $55o; N. s5.7s; VIC.
 $e.35; wv, $6.e0.
The Birmingham age-herald., 1922-07-02
RICE MARKET

By ArsbtfHteu FreSN New Orleans. July l.-Rough rice quiet: no sales; no receipts. Clean rice strong: sales. reported. $50 pockets Blue
 Rose at Al @4%c: no receipts. Bran. per ton. S22; polish. per ton $26.
The Birmingham age-herald., 1922-07-02
FOREIGN EXCHANGE

New York. July l.-Foreign exchange ir- regular. Great Britain. demand, 4.42A cables. 4.426; 60-day bills on banks 40 demand. 4.ss; cables. 4.esh, Belgium, de lnsnd, 7.s7: cables. 7.97li. Germany. de- mand .25; cables. .a6M. Holland de mand. sS.50; cables. 3s.50 Norway, de- ,nand 1855. Sweden, demand. 25.90. Den mark. demand. 21.45. Switzerland, de mand. 1s.sa. Spain. demand. 15.5s. Greece demand 300. Poland, demand, .o2k Czecho- -Slovakia. demand 1.92. Argentine demand. 35.s7. Brazil, demand 1875. Montreal. demand 9SNc
The Birmingham age-herald., 1922-07-02
COFFEE MARKET


 New York, July 1.--Today being the first July delivery day, the market for coffee futures open for business. Do iiveries were estimated at 1000 bags. but were without any effect on tho market. which opened ? points higher to points lower and later advanced slightly on GOV ering. September sold up from s.74 to e.7sc, and December from 9.6o to 9.66o, about points net higher. The close was to points net higher. Sales were estimated at about 34,000 bags. The mar ket will be closed all Saturdays between now and Labor Day. Closing quotations: July, e,5oc: September, e77c; October. s74c; December. 9.65c: January. s.63c; March, 956c; May, 9.bSc.
 / Spot coffee quiet; Rio Is, 1o% to 1o%e; Santos As. l4h to 14%c. Very few cost and freight offers were received and those at hand were about unchanged.
 The official cables reported decline of 75 to l25 reis in the Rio market, with an advance of 50 to 15o reis in Santos. The dollar buying rate was unchanged, and Rio exchange on London 1-s2d lower. Bra gillian port receipts, 20, 900; Jundiahy re- ceipts, 5000. Victoria cleared 1000 for New Orleans Santos cleared 31,2oo for New York 1o50o for Boston, and Al, 900 for New Orleans.
The Birmingham age-herald., 1922-07-02
SPOT COTTON Ry AssOctafed Pres

New Orleans. July 1.-spot cotton quiet and unchanged. Sales on~the spot. ss3; to
 arrive, 262. Low middling, zoe; middling 21.50c good middling. 22.b0c. AA New York. July 1.-cotton. spot, quiet {; middling 22.05c.
The Birmingham age-herald., 1922-07-02
METAL MARKET.

New York. July 1.-The copper market has been steadier during the past week on slightly better inquiry for both do- nestic consumption and export. Offer tngs of eleetrolytic below 13%c are be- coming fewer and most producers are holding for fully that figure. Iron was <irm.
The Birmingham age-herald., 1922-07-02

From Judge.
 "She tells me she's just delighted with the new neighborhood they moved into last fall.'
 "Yes- understand the neighbors gave her something to talk aborv sll winter
The Birmingham age-herald., 1922-07-02
NEW YORK BOND LIST
By Associated Press

New York, July 1.-Following arc to- days high, low and closing prices of bonds on the New York Stock Exchange, and the total number of sales each:
 Liberty Bonds
The Birmingham age-herald., 1922-07-02
PRODUCE MARKET

New York, July 1.-Butter steady re- ceipts 13,031. Eggs irregular: receipts, 10, ,6ol. Cheese firm; receipts. s.s9T.
 New York, July 1.--Live poultry steady: broilers by express, S0@43c. Dressed poultry quiet and unchanged
The Birmingham age-herald., 1922-07-02
LOCAL MARKETS
Fruits and vaxesahIes

Marshall. Jordan Keith)
 Apples-winesap. extra fancy. ITS. als. s4.
 Bananas--Per h.. skc.
 oranges-A16. 25o. 2sS. per box, g.
 Potatoes--Nirginia Cobbiers sb.5o per bbl; per h.. 3kci Lookout Mountain seed
 Potatoes-sweet. per Is.. SAC.
 onions-Texas. yellow. per crate. "a. He: California lima. baby. per h.. sc pink, per ln ss 0naSSsysa nSaS,ss psss
 PeAnuts-VirginiA. No. l. per h.. %; Virginia. roasted. sack lots. per h.. shc; Alabama, raw, per h., 5hc; roasted, 6hc.
 Cantaloupes-Georgis flats, ;1.25: Geor- gia standards. t2.bo.
 Marshmsllows...Angsl DO 1So pack ages 10 case. $a.se.
 Lettuee-ter crate. iceberg. sb.5o.
 kaisins-LL. per tox ss.so. Beans-Greens per hamper. s1.25 Q l. ss. Peaehes-Per crate. t2.Se. Feppers-Bell. t6. rt Gheese-Fuii cream: 1alsy, iD.. ..se:
 Lemons-Faney California. box. s7.5o; h:a.-s.1 Asns-psr as:: 1s;: aaesiS z 2 sso. Poultry (W. W. Garrett q eonsl Hens-Large. ls@lsc; small. 16017c. Fryers-Large size. 30@ ssc; small,
 Roosters-12@13o. EEKs-CandIed 226 23c. burter-Packing stock l6@1ec. LIVE STOCK (Birmingham Live Stock Maarket) Fed Steers Fed Steers: Good to choice 6H0yc: medium to good, shW6hc; common to medium, 4h0Shc.
 Grass cattle according to weight. qual- ity and flesh: Steers, b16c; fat cows. Q Dc; medium COWS, 3@4c; cutterS 70 Sc i; canners, h q 2c; heavy bulls, 3Qsh c; light bulls, z0Sc; fat yearlings. 46o i; medium yeariings, sV4c; veaiers, 60sc. pounds 1o@1oMc; choice corn fed hogs. is5 to 1s5 pounds. sWshc: choice corn ted hogs. % to lS5 pounus. 809c; light pigs so pounds down. 1Voc; best heavy rough hosA iV71c; half lat rough hogs. 4@bc.
 Soft and oily hogs from ic to zc per | pound less than above prices. t5tandard ktah Gel i Gray Snapper-l3S. l Ren SnApper-1sc. spanish Mackerel-71a. Pompano-2bc. Salt Water Trout-23c. | Aulist--lec. l Mcats (Swift q Col D. s. Clear Beilies-1b O 1Sc.
 Silver Leaf Pure Lard-i4ho Jewel Shortening-14c. Hams-Skinned. 34V37c. | Hams-Reg ular, 32037c. | Pork Loins-zl 924c. Bacon-23 V43c. k Butter-39c. Isressed p~ef