davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-11-12
Wdr Danger Has
Had 7 endency to
Send Up Wheat

G1Ricago November 11.-Uneastness at
times in regard to war danger at the
Dardanelles has tended to make wheat
average somewhat higher in. price this
week. Compared with a week ago, net
changes in the wheat market vary from
TX decline to lie gain, with co<a up &c
to IL NC, oats ranging from Il c de-
cline to Il c advance, and provisions snow
ing a rise Of Csc to 45c,
Wheat traders kept sharp watch on ag
gren11ve actions by the Turks ana on
consequent disquieting reports of POSI-
bility that EurGSe might again be involved
in a military struggle on q large scale.
Increased purchasing power, which at one
market, appeared to come mainly from
houNes with eastern connections, and was
responsible for lifting the May delivery
of wheat to a new high price record Tor
the season. Subsequent gossip. however.
that grain bought for Italy and Germany
reaction in sentiment and in prices as
we'll.
Prospective keener competition at hand
from Canada and Argentina was deemed
of considerable Importance as a handicap
on holders of domestic wheat. and in this
wheat to Izly at below prices quoted
both in Canada and the United States. A
notably bearish showing which the govern
ment crop report made as to corn DID
good deal also to check upturns In the
wheat market during, the last half OF the
week.
Government estimates Of the 1929 corn
crop were almost 100 100000 bushels IN
excess of what had been generally looked
for. No continued aggressive eeliinG OF
corn. however, took place, and the mar
lSet for corn and oats held relatively
Packers buying facilitated an upturn Of
the provision values.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-11-12
COTTON MARKET
IRREGULAR WITH
SOME EVENING UP

New York, November 1.-THE cotton
market was irregular today and trading
was attributed largely to evening up for
over the weekend. An opening advance
was followed by rather sharp declines UNI
der liquidation, BUT after selling off to
25.7sc for January Nhe market rallied to
and covering. This met renewed liquida-
ton and January closed at 25.S8c, with the
general market closing steady, to 20
points net higher.
to IL points higher and sold to IL points
net higher right after the call on over
night buying orders and trade calling
There was considerable cotton for sale,
easier with December selling off to 25.92c
and March to 25.70c, or about 20 to 20
points net lower.
Less favorable reports regarding the
Turkish situation, and the relatively easy
ruling of December under selling, which
seemdd to come largely from spot houses,
appeared to have an unsetting effect on
sentiment. Covering by recent sellers ana
a renewal of trade demand checked up
the decline and there were rails which
carried the market few points over
yesterdays closing figures. December sold
up to 26.23o, and March to 26.O1c, or about
3 to IL points net higher. but the close
was several points off under renewed
realizing. General business here probably
was restricted TO some extent by the holt
day in New Orleans, but both New Or
leans and Liverpool were moderate trad
in the late forenoon. Manchester cables
said the Lancashire trade did not believe
the world would consume big quantities OF
cotton goods at current prices, but also
reported an increased inquiry from both
the Fall River market for the week were
estimated at 10000 pieces.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-11-12
STEEL DEMAND
is LESS ACTIVE:
PRODUCTION BIG
By Associated Press

New York, November 1.-THE demand
for steel is less active and as production
is increasing, with stocks accommodating.
partly on account Of transportation condi-
TONS the market is easier with an ~
regular declining tendency. Pig iron 10
Inactive and heavy, owing to the reduced
cost of production.
Copper was a little more active tbs first
OF the week. but business fell off again
and the market was dependent largely
on the continued firmness of producers
who were generally holding electrolytie
for 18Ac delivered. The Increased output.
especially in South America, has been
considered chiefly responsible for the re-
cent sagging tendency of the market.
During the last four months 1890 tons
more copper have been imported than
during the first six months of the year.
and with demand less active, the posi-
bilfty of an easing statistical position 10
being commented on in some quarterA
Tin made further advances, but re.
acted. The setback inspired some demand
from consumers, but generally buyers are
slow to follow London bulges
Lead was steady. Offerings enlarged
somewhat, but consuming demand was
satisfactory and accumulations were light.
Zinc firm and higher, with better in
quiry from both domestic and export in
terests.
Anthony was quiet and unchanged.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-11-12
Stocks and Bonds
Had Up and Down
Week II, Nelu York
By Associated Press

New York November 11.-Sharp declines
in stock and bond prices. new high rec
ords for cotton prices further deprecia-
ton of foreign exchanges and continued
improvement in domestic trade with tndt-
cations of unusually good holiday business
were the outstanding developments in the
weeks financial markets
The stock markets first reaction to the
election was one of Indifference, traders
being Of the opinion that aside from the
tariff serious issues affecting business
had been drawn between the two parties
and that a radical change in the tariff
rates was unlikely before 1924. Later
however, when Washington dispatches in
dicated that the so-called progressive
forces of both parties proposed to press
legislation involving tax revision In the
new Congress, which would involve an
lmpost on undistributed plus, and affect
stock dividends and also revive modi-
fled excess profits tax. more concern was
felt and this was reflected in further
weakness of stock prices.
Hesitancy of large traders in extend
ing their commitments was generally at
tributed to the belief that the market al
ready had discounted the business i'm
provement in store during the next few
months and that the disturbed European
situation, with its possible effect on
American business, was too fraught with
danger to warrant any extended advance
in prices.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-11-12
I Trading on Bonds
Broad and Active

New York. November 1i.--Trading in
bonds on the New York stock exchange
today was broad and active, most OF the
active issues developing acute weakness.
Foreign bonds continued to sag under
the weight of the large volume of offer
ings Brazil is broke nearly points.
Swiss Is proved an exception. gaining !
Losses Of IA point or more were quite
common in the railroad lMt. Weak spots
included Southern Railway IS and
Chesapeake and Ohio convertible bs.
Louisville and Nashville unified A. moved
against the current trend. registering a
net gain of ! point
Copper company liens were again the
weakest features Of the Industrial list,
Chile Copper IS IL. South Porto Rico
Wilson packing convertible IS also showed
substantial losses.
United States government bonds were ir-
regular. but mainly downward. Liberty
Us and the new ~ per cent bonds inn
proved and cents on 500, respec-
lively, but the first. second and third 44s
and the called Victory dropped TO II
cents. Others were unchanged.
Total sales lpar valued were $7.os43eo.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-11-12
Election Results
Haze Effect on Curb
BxAssociated Press

New York, November 1.-THE curb ex-
change, like the New York stock ex-
change, was influenced by expressions of
dissatisfaction over election results, al
though Tuesdays voting was in close
harmony with predictions that have been
made in the preceding week. Standard
Oil issues were strong at times. but ad-
vances were the result of concentrated
buying by those concerned in recent capt.
tai developments and the gains were lost
when realizing was effected. Independent
oil stocks moved in ans irregular manner,
Cities Service advancing from 1877 to 2ol
while Magnolia. after selling at 26f
dropped to 246 New England Fuel was
in SPECIAL supply and yielded from 1914
TO 10. &Mammoth Oil was directly influ-
eneed ~ the proving ub of the southern
section Of Teapot Dome, announced on
Trvrsday, and rose from 41h to above "A,
but reacted with the rest of the list from
that level.
Industrial and mercantile issues were
strong at times. but declined in the late
trading. Special interest was attached to
the stock of Arnold, Constable q Co,
which, after selling at 22ss, declined to
PIN. May Department Stores new stock,
another newcomer. moved up from 6Sls
" 655h. followed by reaction at the
endSof the week.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-11-12
NEW YoRK COTTON
PORT MOVEMENT

by AssOc1atcu TEES
New Orleans: Receipts 1o,96s; exports,
z,s6S; stock. 2s3,087.
Galveston: Receipts, 14,967; stock b45,-
ISL.
Mobile; Receipts, 7o5; stock, 1885.
Savannah: Middling, 25.7oc; receipts
2.279; stock. 10000.
Charleston: Receipts, Is: stock, 1854.
Wilmington: Middiing 25.75c; receipts.
401; stock 1851. -
Texas City: Stock 2e,050.
Norfolk: Midding. geo. receipts 3,225.
exports, 1880; sales. Is; stock. 91.071.
Baltimore sMiddling, 26.25c; stock. 2.2oo.
Boston: Middling, 26.15c; receipts, 400;
stock, 7,12i.
Philadelphia: Stock, 4,137.
New York; Middling, s6.15c; stock. co.,
504.
Minor ports; Receipts, $3.50; exports
1880: stock, 1915.
Total today: Receipts. 36,S40; exports,
secs; sales. Is: stock, 1.239.252.
Total for week; Receipts, 3e,s4o; ex-
ports, 9.69s.
Total for season.: Receipts 2,S29,721;
exports 1629922
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-11-12
Hubbard Bros. & co,

Members New York Stock Exchange, New
Orleans Cotton Exchange, New York Pro-
duce Exchange. Associated Members
Liverpool Cotton Association. Orders So
licited 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 de-
livery.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-11-12
BEAR PRESSURE
AND LIQUIDATION
CAUSE REACTION
BY Associated Press

New York, November 11.-continued
bear pressure and renewed liquidation of
stocks by large interests caused further
recessions in prices today, losses of l to b
points being quite numerous.
Several factors contributed to the de-
cline. among them the lack OF public IN
terest, publication of Washington dis
patches indicating possibility of unfavor-
able tax legislation by the next Congress,
of brokerage loans and further weakness
in foreign bonds.
Equipments, steels. oils chemicals and
tobaccos We're the hardest hit. Lack of
support was attributed to the absence of
traders.
Gently enjoyed several brisk advances.
broke points, touching 125. American
locomotive registered a net loss of rs
and others were off to nearly 33a
points.
pushed up brislly the other day, appar-
emily to cover up unloading of stocks in
other quarters dropped points and closed
crucible broke nearly points and
Bethlehem b. Republic and Yanadium
wers down l to points .u
Shares of railroads. which are now in
their best quarter in history, also were de-
serious car shortage existing is generally
regarded as a buliish factor because 1t
indicates the general trend of business to
standard OIL of New Jersey broke be-
low 200 for the first time in several weeks.
SiVslHb dt net loss OF Oh points. 0e-
clines In other oil shares were less vio-
lent.
Some OF the other large inividuai losses
included American Cotton Oil preferred,
American Tobacco, General Cigar pre-
ferred. Iron Products, South Porto Rico
Sugar, preferred, United Retail Stores,
United States Alcohol and United States
Pipe the losses ranging from to 10
points.
Total sales were asa, 900 shares.
Foreign exchanges were firm there
being no changes of Importance.
The clearing house statement showed a
decrease of s4o,o10,000 in loaM discounts
and investments. an increase of $8s37. 900
IN cash and 1874, $4,000 In the reserve of
member banks in the Federal Reserve
bank. Net demand deposits decreased
SS,SAlQO0 Aggregate reserve totaled
S5b4,1S9, 600. making an increase in excess
reserve of $39, SOS, $40.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-11-12
We're Yesterday AS Bears Take Hold
NEW YORK BOND LIST


New York, November 11.-Following are
today's high low and closing prices OF
bonds on the New York Stock Exchange,
and total sales of each bond lin $1,000:
II c Rands
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-11-12


Shlcago. November ll.-Hogs Receipts
5000; strong TO uneyenly higher; close ae-
ss.4o@s5o; good and choice sso To- 80 TO-
pound butchers, $3.50 to 1866; top ss.65
packing sows, $765@s.25; pigs, $3.50
dunn, ss.4O@S.s5: light, ss35@s.5o; light
lights ss.S59s.5o; packing sows, smooth
s!aS qs.2o; rough. s7.s5q7soi killing
Cattle: Receipts. 5000. Compared week
ago: Strictly choice and prime long fed
ern grassers, stockers and feeders, steady
20 ndgher; extreme top matured steers,
Seifeps s5e to 75e up siS peef cows and
and bulls. strong to 15c higher; veal
calves, SOC higher. Weeks bulk prices
-ern grassers. s6@7; bulk stockers and
feeders ,$Sl5@6;75; bulk beef cows and
cutters, $2.Sb @3.40; bulk veal calves
sheep: Receipts, 5000. Compared with
to 81 higher; feeders, 25c to 4oc up; sheep
25c to soc higher feeders. 25c Fte12345s
s9s 70 soc st hshsf closing t9P fat
bulk, $14.26@$14.50; culls. SOC higher
slo.5oq 100; desirable fat clipped lambs.
Sls bulk fesang lambs R9 sis7s9
wetSers. vi s0oGis25; heavy fat 'a sW sis
$780, choice handyweights. IS.
East ST. Louis November 11.-cattlet
Receipts. 1900 Compared with week ago:
SOC lower; steers selling at S8.25@10. 40 :
western Erassers. steady. light yearlings
and heifers, 25c higher cows and Gamers
sc TO 25c higher; bulls, steady; light
calves, si.50@1,75 higher; stocker steers.
2bc lower; top steers for week, $11.65,
bullys for week native steers. 1926 a TO- 40:
western. $500 Gl6.45; light yearlings.
s5.5OQp9.00; cows. $3.75q475; Gamers,
$2.s5 @2.75: bologna bulls, $S.75@4.25.
Hogs: Receipts. 5000 steady on hogs;
, strong to Toe higher pigs and light
lights; top. $3.50; bulk 100 pound aver
AGES and up ss.4o@s.45; light lights,
ss80@S.50; pigs, ss.50@ss.6o; packer
sows, slow, Toe to 15c lower; bulk. $500 q
7.15.
sheep; Receipts, none. Compared with
week ago: Fat lambs 81 higher; culls,
soc higher; fat ewes. soc to 81 higher;
weeks top lambs, STATS; fat ewes, $7,25;
bulk lambs for week, S13.b0@14.50. bulk
light ewes. S650G07.25: heavies. 81. so @ 500.
FOREIGN EXCHANGE
New York, November 11.-Foreign ex-
changes irregular. Great Britain: Demand,
4.46 1-l6 cables. 4.46 5-16; 8o-day bills
on banks. 4.43 1916: France, demand,
7 f.43A: cables, GA; Italy. 4.46h and 4.47:
Belgium, s.o1iS and COZ; Germany. .ol y
and .0i 5-16; Holland. s9.11 and 1916
Norway. 1s.4s; Sweden, 1910; Denmark,
2o.l3; Switzerland. 1928; Spain, 1919;
Greece, lag; Poland, .00%; Czechoslovakia.
S.17. Argentine, S6.l2s Brazil, 1900;
Montreal, l00ls.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-11-12
Private Wire News

New York, November 1l.-tSpeciai.)--
The market was easier today on the
further liquidation and somewhat easier
Of trade buying, which has made its APP
pearance on declines in the past. The
the majority are beginning to feel that
the present situation has been fairly well
discounted by the price and that some
liquidation Of moment is to be expected.
especially II the Liverpool market on
Monday shows signs of falling off In the
dem and for spot cotton, which VISA evil
dent on Friday of this week.
January futures in Liverpool are due
English points down and March ID
points down.-Hubbard Bros. Co.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-11-12
Cotton Goods Market
Continues Very Strong

New York, November iI.-Cotton goods
rising. sheetings print cloths. many pi con-
vertibles and all lines of heavy 'cottons
are higher with an advancing tendency.
cotton. which has now reached a level
Of 6zc pound higher than In early
stricted by the withdrawal of many Of
ferings for late delivery or by the placing
OF many goods ''at value until selling
be asked.
Production continues active and is being
enhanced by overtime operations in many
sections. Distribution is hampered TO some
extent by embargoes imposed to assist in
the delivery Of coal. but all shipping de-
There is still much questioning in the
trade as to the power of consumers to
the coming cotton year with prices on
such high level in relation to farm prod
uct ,; and other e things St Knit goods are
lively lower than in most other cotton
goods divisions. This is especially true
of staple hosiery. Towels were advanced
this week per cent for the first time
since last June. Advances have been
mad 1n Was abTcs continue a n mod
crate demand. although prices have not
been run up in keeping with cotton ad-
Prices current in primary markets are
as follows:
SOS. 7Mc: 3Sh inch s4xe4s, 1oAc; brown
sheetings southern standards, he; denims,
22ns. Gle. tickings. S-ounce, 26c. prints,
IOic (withdrawn). staple ginghams,
141<c; dress ginghams. 1Sc and 2oiac.
= = = -
PRODUCE
BY Associated Press
New York November 11.-Butter
steady: receipts, 3.625. eggs firm:
ceipts. 11S2s; Pacific coast whites. extras.
I'd "a CSC: Pacific coast frsts to extra firsts.
$50 7sc. Cheese steady; receipts. 1881.
steel.
New York. November 11.-steel un-
changed.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-11-12

New York, November I1--tSpeciaI. =
Predictions that the rs per cent level
would be reached when the ginnings be.
came known were more than fulfilled
when the figures were published.
Indications point to crop Of only
Q, 500, 600 bales, which. in view of tho
adequate for the worlds needs.
Not until the day after the ginning re-
port was issued did the trade seem to
realize the Importance of the small fig
ures and the wave of buying sent prices
soaring to new highs.
Heavy realizing has since failed to
make more than slight dent In prices
and every setback is the signal for re-
newed buying. Toward the end of the
week the market acted little nervous.
but we are still strong In cur belief that
even higher levels will soon be reached
and urge purchases of soft spots-James
w. Dorian e. Co.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-11-12

LONDON MONEY

London, November 11.--Bar silver, s2%d
per ounce. Money ~ per cent. Dis
count rates, short and S-month bills. RI
per cent.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-11-12
INTERIOR MOVEMENT



Houston Receipts. 16,922; shipments,
1i.9s2 stock. 1895.
Memphis: N1iddling, 25.75c; receipts,
6.064; shipments, 1924 sales, 1000: stock,
169. 1873.
Augusta Middling, 25.7sc: receipts,
900: shipments, LOIS; sales, 81; stock,
71.see.
st. Louis: Stock, 1s.2o9.
Atlanta: Middling 26.O5c; stock, ST. 57s.
Little Rock: Mddlng. 25.75c;. :. receipts,
1881: shipments. 1,S26 sales, 1867; stock.
81. 1926.
Dallas: Stock, 21,073.
>, g sss Middling s6.Soc; stock,
Total today: Receipts 25.s57; ship
ments, 2912o; = sales. 1864; stock. ss4, 500
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-11-12
&c. C. Issues Orders


WASHINGTON, November 1.-THE Nav,
YORK central railroad and its subsidiarw
10 NOMINATIONS Were authorized today by tha
onLgafions for payment of interest ana
principal on $12.6S0. 600 in equipment trust
BY the Guaranty Trust company Of Nsu,
YORK The railroad system will buy sis
$4,000 worth. Of locomotives by the sale
OF the securities and the use ~ Fot 1ase
funds at Its disposal 'other
The illinois Central was authorized Ia
issue $3.50, In per cent refundinp
treasury. N's owh
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-11-12
NEW YORK CURB LIST


fEHUCIHNFu
New York, November inflammation
on the New York Curb Market today we
as follows:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-11-12
DRY GOODS
BY Associated Presa

xAHsOCfHTVU FtS8
New York. November 11.--Cotton goods
markets were steady today with an up
ward trend on some lines OF imported col
ored goods. Yarns were firm. Raw wool
markets were steady. Jute goods were
firm. Linen was bought freely for holt
day purposes. Jobbers reported a steady
filling FIN demand from retailers.
SPOT COTTON
By Associated Press
New York, November 1l.-Spot cotton
quiet; middling. 26.15c
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-11-12
HOLIDAY IN NEW ORLEANS

ny Associated Press
New Orleans November 1.-THE cotto,
ana sugar exchanges were closed here 10.
day on account of Armistice Day. "
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-11-12

STEEL
New York. November 11.-steel un-
changed
The New York herald., 1922-07-23

II after he
Alfred the photograph with Sir Thomas
Mr. a in "a
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1922-12-20

Tho much looked-forward-to produc-
ton of Romeo and Juliet" with Ethel
Barrymore, will open at the Longacre
Theater, December %, according TO
announcement just made by its pro-
Queer, Arthur Hopkins. Mckay Morris
will be the Momeo and Mercultio will
be played by Basil Sydney, who has
established himself so firmly in NeE
York theater- goers hearts this past
year in the lead roles Of He who Gets
Slapped" and or. L, r." In giving US
John Barrymores Hamlet" and his
sisters juliet in one season, Arthur
Hopkins will have obligated the Amer
lean public to him forevermore, /
should say
Even those who knew Lillian Rus
sell well as an actress seldom knew
her as an eager amateur art collector.
Yet for twenty years, with remarkable
discrimination and taste, she kept en-
larging her Chinese collection, until
now. disposed about four rooms OF the
New American Art Galleries. it is be-
ing admired by q public who never had
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1922-12-20

What our street cleaners will do
when the last vehicle has been motor
lied, l can't imagine. The white
wings" never oil their little pushcarts
before they start out. Probably the
city doesn't supply the grease for them
But they have a simple way of getting
1t when the wheels begin TO creak too
mournfully. Getting caught in traf-
fic stop at a corner, they maneuver
their carts to tie side of some horse
drawn truck and with stick dig out
the excess OF grease from the hub Of
the larger vehicle and smear it on their
own axles.