davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1922-01-05
COTTON RECOVERS A GOOD PART OF
 PREVIOUS LOSSES
Liquidation Much Less Active and Market SteadieS on Good Reports From
 Great Britain
By Associated Press

New York, January 1.-The cotton market recovered good part of yes terday's losses during todays trad ing, with March contracts selling up to 1s.67c, compared with 1S.1sc the low point of the previous day. That delivery closed at 1S.62c. with the gen e1al market closing firm at net ad- vance of 35 to Al points.
 An opening advance of 3 to l6 points on relatively firm Liverpool cables was checked by overnight sell ing orders and prices eased back to about last nights closing figures right after the call.
 Liquidation was much less active after the heavy selling of the pre- vious day, however, and the market soon turned steadier on reports that Manchester was doing big business ir cotton goods with China, the con tinued steadiness of Liverpool, cover ing and buying for a reaction. There was some scattering liquidation of contracts held over yesterdays break on rallies during the middle of the day, but they were readily absorbed in moderate setbacks with the market reaching the highest point in the late trading when January sold at 1S.T5c and May at l8.2Oc, with active months showing net advances of 35 to 46 points. The close was only a few points off from the best under realiz- ing. The unsettled feeling reported in the stock market had a restricting effect on buying during the morning but later there were reports of better tone in Wall street, and cotton traders seemed to grow a little more confident as the day passed without the development of any unfavorable feature following the vague rumors and equally vague apprehensions Of yesterday.
 Part of the late afternoon buying was believed to be in expectation of continued firmness in Liverpool to- morrow, owing to improving trade in Lancashire and declines in exchange rates. Reports from the local cotton goods market indicated that yester- days break in raw material had checked forward business, but had failed to weaken prices. Exports for the day were 50,421 bales, making 3, ,029,467 so far this season. Port re- ceipts 24,0S7. United States port stocks 1,265,4 431.
The Birmingham age-herald., 1922-01-05
NEW YORK COTTON By Associated Press
NEW ORLEANS COTTON
 Rw AasAotus.d Dw-..

New Orleans January IA strong market developed in cotton today after small break in the early trad ing. Realizing by shorts, further ac- counts of good business in the Man chester market, and In the afternoon telegrams from both Texas and Okla homa, stating that the boil weevil was coming through the mild winter in great numbers. were the main buy ing features. At one time there was talk of bullish ginning returns but this did not last At the highest of the day prices were 37 to 49 Roints over the close of yesterday, with March up to 17.7Sc, while the close showed net gains of S7 to 45 points, with March at 17.71c
 On the first call the active months made gains of to 1S points, for which better Liverpool than due was mainly responsible, but the market almost immediately ran into moder- ately heavy selling which soon had prices at levels 1 point over to 4 points under the last quotation of yesterday, March dropping off to 7124c. The tone was steady at the decline on cable messages from Man chester reporting improved business with China In borl cloth and yarns. but no buying power of consequence developed until shorts went to taking profits.
 During much of the remainder of the session, shorts furnished the mar ket with a demand that absorbed all offerings. Pressure to buy was in- creased by a new demand for long account and in the late trading the market was at it's best.
The Birmingham age-herald., 1922-01-05
U. s. ACKN0WL EDGES AID OF UNIVERSITY
 GIVEN DURING WAR

University. January Special. )- President Denny of the University Of Alabama has just received from the war department a certificate in rec ognition of the assistance rendered by the university during the World war through the establishing here of unit of the students army training corps.
 The certificate which came to Dr. Denny's office today bears the seal of the war department of the United States and is signed by P. c. Harris, adjutant general, and by J. M. Vain right, assistant secretary of war The certificate reads, in part:
 This is to certify that the Uni- versity of Alabama i.I spirit of pa triotism and devotion to country. rendered efficient and loyal service in connection with the World war through the establishment and opera tion at that institution of unit Of the students army training corps"
 This certificate will be framed and will hang in the office of Col Rush s. Wells, commandant of the R. 0. T. c. unit at the university
The Birmingham age-herald., 1922-01-05
General Buying and Sharp Rise
 in Wheat Market
By Aksocinted Press

Chicago, January 4-Readiness with which all margin-calling was met today on the exchange even where the amounts demanded were excessive had decidedly stimulat- ing effect on the grain markets here. Wheat closed strong at Be to 37sc net higher with May s1l1h to $1.115S and July $1.O1 to $1.011s. Corn gained lssc to 1ssc; oats Nc to 1o, and provisions 212c to 200.
 The fact that rumors of impending financial trouble for board of trade firms had in every instance failed to he substantiated and that ample funds were shown to be available led to general buying and a sharp ad- vance as soon as the wheat market opened Belief appeared to be wide spread that yesterdays selling was much oyerdone, and as consequence the pit today was at times almost bare of offerings. Another bullish Influence was gossip that export bus mess on liberal scale was in prog ress for Europe during yesterdays depression amounted to 1,000,00O bushels. Absence of moisture in the dry sections of Texas, Oklahoma and Kansas, together with unwelcome rains in Argentina. tended also to renew bullish sentiment On the price bulges, some heavy selling ascribed to eastern interests was encountered, but reactions that ensued were tran sient and the finish was near the top figures of the day.
 Corn and oats advanced with wheat. Shipping demand for the feed grains appeared more active. On the other hand, country offerings had been largely shut off by yesterdays break in prices
 Notwithstanding regularity in the hog market provisions represented the upturn of grain values.
The Birmingham age-herald., 1922-01-05
HUBBARD's LETTER

New York January Specially Reports of increased spot demand in Manchester as result of better in- quiry for cloth caused a higher mar ket in Liverpool this morning with spot sales again 5000 bales our market has ruled fairly steady at some 20 points over last nights clos ing prices, but the trade are inclined to withdraw from the market await ing further developments in the gen. eral situation. There is little ques- tion that the market has shown re- markable steadness after the advance of the past few weeks and the re- action yesterday under normal con- ditions could be looked upon as natural one. However. there is a feeling that too much cotton is hang ing over the market to be sold on any advance, and therefore the trade are inclined to refrain from buying at these prices. We expect a some what lower market will take place unless there is decided change in the dry goods market warranting mills to buy at these prices.
The Birmingham age-herald., 1922-01-05
COFFEE MARKET By Asaootated Prass


 New York. January 3.-The market for coffee futures opened points lower to points higher. Early cables from Brazil showed small irregular r changes, and there was some cover ing here after yesterdays decline, but the market weakened later owing to reports of . decline in Santos and talk of lower firm offers in the street. Thers was some trade selling on ths setback. which carried Nay contracts eff to t.S5o and September to s.2ecs Closing prices were about the lowest of the day, showing net losses ct to 70 points; January sac; March s.sso: May s.s5e; July s.3oc; September s.7oc; October s.Sao; De- cember S.Soc. Sales were estimated at sz.o0o bags. Spot coffee was quiet at 9ho for Rio Ts and 1fR12Ec for Santos 4s. Cost and freight offers were shade easier, including San tos Is and ss at 1i.65 @12.15c and Rio Fs at s.{oc American credits.
 The official cables reported an ad- vance of 50 reis in the dollar buying rate and . decline of 1-s2d in Rio exchange on London. The early ca bles were unchanged to 25 reis high CT at Rio and 26 reis lower to 7s reis higher at Santos. Later a decline of lbo to 25o rsis was reported at Santos. Brazilian port receipts <6.- oeo; Jundiahy receipts 22.o0o.
The Birmingham age-herald., 1922-01-05
s. R. STEWART & CO.'S LETTER

Birmingham, January 4.-The Liv- erpool quotations came over about as due this morning with good sales of 5000 bales. Cables stated there was fair demand from merchants and con sumers. Futures were easier on bulls unloading and selling for Manchester account
 Our markets opened 10 to 20 above yesterdays finals and ruled during the entire session with a much better undertone than expected after wit messing such weakness as prevailed in yesterdays market The heavy sell causing a good shake out and tech nicaily putting the market in much better position to advance sharply on most any kind of favorable news. Dallas wired that the acreage reduc- tion campaign opened there today and that 1t was reported weevil was every where in Texas. Another wire from Houston stated spot sales were being made on easier basis, spots hard to sell. During the last hour there was considerable short covering and new buying, which sent prices nearly S2.50 per bale over last night There was no news of importance. Many expres- sions of confidence among the leading dry goods merchants in New York We would advise the purchase of cot ton on setbacks as occurred yesterday as speedy, recoNeries are expected from such dips.-S. R. Stewart & Co.
The Birmingham age-herald., 1922-01-05
LIE IS PASSED
 AND BLOWS FOLLOW

Blows were exchanged yesterday in Judge II. B, Abernethy's court be- tween John W. Altman. attorney. and L. S. owens of Warrior, one of the litigants in a case in which Altman appeared as lawyer
 Each is said to have called the other liar in discussion between the two men relative to the case in which Owens is alleged to have had another man arrested over finan cial deal. Allegations that Owens was suing for s100 on a sS2 debt is alleged to have started the row. As court was not in session at the time the two men were let off with se- we're reprimand by Judge Abernethy.
The Birmingham age-herald., 1922-01-05
UNCERTAINTY IN
 STOCKS ALTHOUGH
 PRICES STRONGER
Dealings Extensive, But Most of Business ConvergeS Around Less Than Score
 of Leaders
By Associated Press

New York; January 4.-Uncertain tendencies prevailed in the stock market today, although prices strengthened in the afternoon in re- sponse to easy money and the sup port accorded selected issues, such as sugars, textiles, tohaccos and chain stores and mail order specialties.
 Dealings were extensive, approxi- mating S50000 shares, but a very large proportion of the business con- verged around less than a score of leaders comprising the oil, motor, rubber, steel and equipment divisions.
 Sentiment continued to be swayed by Chicago banking episode and the less favorable aspects of the indus trial situation, especially as affect ing the automobile and allied trades
 General Motors was offered in sim gle lots ranging up to 10000 shares at the low record of S% but rallied with the general list in the short covering of the final hour. Directors of the General Motors were in session long after the close of the market 10 consider action on the several dividends.
 Motor accessories, especially rub bers, were under increased pressure in consequence of yesterdays omis- sion of the Springfield stock dividend. Shippings, chemicals and numerous miscellaneous shares de- noted little more than casual support and rails. eoalers excepted, were rele- gated to obscurity.
 The money market again was the greatest source of encourag ement to bullish initiative. Call loans dropped from 5h per cent to 5 per cent at midday and were liberally supplied at per cent in the last half of the session
 Dealings in foreign exchanges were light, the London rate easing slight ly. All other continental bills, ex- cept Belgian francs were lower by 2 to 20 points. Irregular conditions featured the moderately large deal ings in bonds. Liberty issues showed trifling gains and losses and simi- lar tone marked the trading in rails.
 Forecasts pointed to the successful flotation of the new $40, ,o00 900 Dutch East Indies loan. Total sales, par value. SIS. .25o,o0o.
The Birmingham age-herald., 1922-01-05
DEFENDANT FREED WHILE WITNESSES
 TAKEN IN CUSTODY

Mobile, January 4.-(Special.)- Walter Cochrane of Prichard was discharged when tried in the federal court here today on the charge of violating the volstead act and two of the witnesses in the case. c. D. Shit and John Collins, were held on the charge of perjury Smith swore that he gave Collins money to purchase liquor from Cochrane. while the lat ter swore different, 1t is alleged. Fed eral prohibition officers searched ICochrane's place but found no prohib- |ited liquors.
The Birmingham age-herald., 1922-01-05
Rate Reductions Cut Rail Reuenue
 $8O,OOO,OOO in U. 5.
By Associated Press


 New York, January 4.-Freigbt rate reductions on farm products made voluntarily by the railroads and ordered by the interstate commerce commission will cut down railroad revenues through out the country by approximately $SO,OOO,OO0. 1t Is estimated here. The commission's order calling for n decrease Of freight rates on hny. grain, grain products and alfalfa for -Niississippi terri tory will go into effect on Satur- day md will add 6a per cent to the 10 per cent voluntary reduce ton of rates on various classes of farm produce made effective January I by all railroads except those of New England.
 Panama. January 4.-In spite of the worldwide business depres- sion the volume of shipping traf- fife through the Panama canal in 1921 set new high record. The tolls for the calendar year were sIO,325,71s, approximately *3O.OO0 more than the previous year. ac- cordIng to the officials report.
 Washington, January 4.-A uni form rediscount rate In nil federal reserve bank districts would he compulsory under bill intro duced today by Senator Harris, democrat, Georgia. He said that the present law wns designed to provide for different rediscOunt rates in order to be flexible to meet the needs of each district, but he declared. 1t hnd actually operated to discriminate against business interests of certain dis tricts.
 Newport News, Va, January 4. Accomnc nnd Northampton coun- ties of Virginia are the richest coupties for their size In the United states. according to fig ures which have been compiled by Henry M. Taylor of the United states bureau of crop estimates. The vniue of crops In Northamp- ton county per ncre k sI35.72 and In Accomac $I2t.24.
 Minneapolis. January 4.-Acutc weakness In the wheat market yesterday resulted In break of 25 to 30 cents n barrel in flour prices tOdny nt the largest snili- ing companies here. making new low ranges in flour prices in about six years. Family patents today were quoted at S6.75 @ 6.SO barrel when sold i'm 9S-pound cotton sacks In car lots.
 Little Rock. Ark. January 4s- Purchase of controlling stock In the Robinson- Rodgers company. a million dollar mattress and pil- low manufacturing concern with Headquarters In Newark. N. J.. and factories in Chicago. knnsas City and Little Rock, by @. l.. Porter. J. J. Williams nnd associates. all of Little Rock, was announced to- day by the local men who have been connected with the Little Rock branch of t,Sr concern.
 New York. January 4.-Direct- ors of the General Motors c0rpor- nti0u late todny voted to omit the quarterly dividend Of 5cents . share on common stock due at this time.
The Birmingham age-herald., 1922-01-05
SHANNON & CO,s LETTER

New York, January 4.-(Speciai.)- As the dust settled from the disturb ance of yesterday and it became clear that no one had been seriously harmed, confidence began to flow back gradually and sellers became correspohdingly less aggressive, so that while still unsettled and choppy the surface of the market showed signs of calming down.
 A check like the present might very well prove to be wholesome for the market by showing over confident traders that prices are not going to follow an unbroken upward flight but that improvement in general condi- tions which is the only safe founda- tion on which higher prices can rest securely Is work of time and that the cotton market cannot indefinitely stick out from among other markets after the fashion of sore thumb.
The Birmingham age-herald., 1922-01-05

S.4Od; ordinary 7.s5d. Sales 5000 bales, including 5,900 American; receipts 5000 bales, all American. Futures closed steady. January 11.22d; March 11.15d; May 11.02d: July 10.S2d; Sep tember 1043d october 10.22d; Decem- Der 100Sd
The Birmingham age-herald., 1922-01-05
PECAN GROWERS ORGANIZE

selma, January 4.-The Central Alabama Pecan Growers association was organized here today with nut producers of several counties presgI ent. Clifton Kirkpatrick of Dallas county was elected president. De- cision to adopt uniform system of, grading and marketing was adopted after speech by State Horticultur- ist J. M. Starcher.
The Birmingham age-herald., 1922-01-05
RICE MARKET

By AssOClHteu TftBb
 New Orleans, January 4.--Rough rice, no sales. Receipts 1887 sacks. Millers' receipts same. Clean rice, sales reported, 100 pockets Honduras at 5hc; 2,500 pockets Blue Rose at 3% @4Ac. Receipts 4,393 pockets. Bran and polish unchanged.
The Birmingham age-herald., 1922-01-05
Hubbard Bros. & Co.

Members New York Cotton Exchange, Nee Orleans Cotton Exchange, New York Pro. duce Exchange. Associated Menpers Liverpool Cotton Association. Srders se- licited for the purchase and 5ale of Co;.oD and Cotton Seed Oil for future delivery. Special attention and liberal terms given for consignment of spot cotto, tor ds- livery.
The Birmingham age-herald., 1922-01-05
CoTToNsEED OIL


 New York, January 3.-Cottonseed oil was quiet with trading profess sional in character. Prices were higher in response to improvement shown in cotton and grain. Leading deliveries closed to points net higher. Sales 4,900 barrels. Prime crude 6.S5@7c; prime summer yellow spot S.20c; March s.55c; May s.S1c; July 9.04c. ala bid.
The Birmingham age-herald., 1922-01-05
DRY GOODS MARKET By Associated Prers

New York, January 4.-Cotton goods were quiet today, with a shading re- ported in secondhand sales of print cloths. Yarns were firm. silks were quiet Burlaps were quiet and slight ly easier. Jobbers reported better inquiry on wash fabrics.
The Birmingham age-herald., 1922-01-05
COLLECTORS REMIT s47e.ooo

montgomery, January 4.-(Special.) Tax collectors of Alabama remitted to the state treasury today a total of $476,000, which covered taxes due the state collected by them during De- cmeber. Of this total. James F. Haw- kins, tax collector of Jefferson cour- ty, remitted $375.O0O.
The Birmingham age-herald., 1922-01-05
SUGAR MARKET By Associated Press

New fork, January 4.--Ths raw su- gar market was firmer and prices were 1-1sc higher to the basis of Ixc for Cubas cost and freight, ecual 10 S.fsc for centrifugal, with sales of l2,lo0 bags for January and February shipment to operators at that level The raw sugar futures market was s.eaoier on covering and buying by commission houses, prompted hx th. steadiness of the spot market. with closing prices points higher to point net lower. March closed at z.ioc; May 2.slc; July 2.4sc; septem- Der 2.6oc.
 There was no improvement in the demand for refined sugar and nrto.s were unchanged at 4soQ4.9oc for fine granulated.
 Refined futures were without transactions. Closing prices were enenanged at bloc for March; 5.25 Nor May; 5.s0c for July ana K axe ,as Sptem Der. -NA
The Birmingham age-herald., 1922-01-05
FOREIGN EXCHANGE By Associated Pr...

New York. January 4.-Foreign ex- change heavy. Great Britain demand 4Is h' cables 4.2o%: so-day bills on banks 4.leb. Frame demand sn: cables S.0l. Italy demand 4.26H: ca, Dies 4-27. Belgium demand 7.sbn. caoies I.o6. Germany demand 51% eapies 62A Holland demand ss.s2. tEtpies S6.s4 Norway demand 1b.s5 2weden oemand 24.75. Denmark de- 1?.35. Spain demand 14es craaao demand 42S. Argentine demand a as
 Brazil demand 12.So. Montreal S.. mand 95h. ue-
The Birmingham age-herald., 1922-01-05
CHICAGO GRAIN
PRODUCE By Associated Press

.
 Chicago, January 4.-Butter, lower; f; creamery. extras, 37c; firsts, 31 @ 36c; standards, 331sc. Eggs, lower; firsts, 3S@3S1ac; refrigerator firsts, 31@SSc. Poultry, alive, lower; fowls, 17@25c; springs, 23c; turkeys, 35c; ro9sters, 15c.
 New York, January Alive poul- try, easier; chickens. 24@2Sc; fowls, 2SQ29c; turkeys, S5Q45c dressed, firmer; western chickens, 40@45c; fowls, 16@32c; turkeys, 46Q soc.
 New York, January 4.-Butter, easier; creamery, higher than extras 401z QD41c; creamery extras, 391 O 40c; firsts, 351a Q39c. Eggs, irregular; fresh gathered extra firsts, 4SQ44c; fresh gathered firsts, not quoted; cheese, steady; receipts, 1,067.
 St. Louis, January 4.-Butter, 3Sc; poultry, unchanged.
The Birmingham age-herald., 1922-01-05
POTATO MARKET

Chicago, January 4. - Potatoes steady. Wisconsin round white sacked $175@1.s0; Michigans Sl.7O@ 1.S0; Minnesotas S1.65 @1.7o; South Dakota early Ohios $1.75.
The Birmingham age-herald., 1922-01-05
MONEY MARKET By Associated Press

New fork, January 4.-Cau morev < tasier; high, 1z per cent; low. 4 nsr cent; ruling rate. 5,s per cent: clos ing bid, IF per cent; offered at { ner 1tent; last loan. per cent; call loans yainst acceptances, 4h per cent: lime loans. easier; SO and 90 days per cent; six months, 5@5E per cent; prime mercantile paper. 5Q5E
 rcr cent.
The Birmingham age-herald., 1922-01-05
CASH GRAIN


 Chicago, January 4.-W heat. No. . red, $1.14Q1.14M; No. 2 hard s1.05 F Corn, No. mixed, 4624 c 47c; No. ? yellow. 47@47Ac. Oats, No. white, 35 A Q36hc; No. 3 white, 321a q 34A c. Rye, No. 2, 77Q77hc. Barley, 52@ 52c. Timothy, S5Q6.10; Glover, s12.50 0@1S.50. Pork nominal. Lard, ss.s5. Ribs, s725@s.25.
The Birmingham age-herald., 1922-01-05
NAVAL STORES Hx Aseoclated Press
METAL MARKET
By Associated Press

New York. January 4.--Copper steady; electrolytic spot and nearby I3H @14c; later 14c. Tin easier: spot and nearby $32.62; futures $32s2. Iron steady; prices unchanged. Lead steady; spot s4.7o@4.sso Zinc quiet: East St. Louis delivery spot $4.s0@ 4.s5. Anthony spot $4.5o.
The Birmingham age-herald., 1922-01-05
INTERIOR MOVEMENT By Associated Press
LIVERPOOL COTTON Ry AsanciatAsI prass

Liverpool. January +.--Cotton spot in good demand; business moderate; prices easy. Good middling 11.90d; fully middling Il. 1.50d; middling 1I.15d: low middling 9.95d; good ordinary