davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1922-05-27
NEW YORK COTTON By Associated Prexa
May 2e.-Cotton closed d
NEW ORLEANS COTTON
 By Assoclated Pr...

New Orleans. May 26.-Pronounced strength of the July position was the outstanding feature of the cot ton market today. July led at the advances that were established and, in fact in the late trading pulled the rest of the market up with 1t dur ing the course of buying movement which set in suddenly and which mar ket comments said was due to scared shorts who feared the consequences of rapidly dwindling supplies in the interior of the belt During a good part of the session prices were sup ported by low condition reports from private sources. July bulged to the new high level of 20.50 cents a pound. greatly widening it's premium over later months. At the highest the list stood at net gains of A to 57 points while October close the gains amount to 37 to 50 points July clos ing at 20.43c.
 It was day of private condition reports. two brokerage firms put ting out figures of 67.0 per cent of normal. while new shaper in the belt made a percentage 69.7 and a private bureau ssued figures of 65. This last report for while was the dominating influence and sent the market up following moderate reac- tions resulting from the rather dis appointing mill takings. Hester counted world takings of American cotton at 192,0o0 bales against 214,- 900 last week, 220.000 this week last year and 21s,00o two years ago.
 In the early trading fair dry wea th- CT in the western half of the belt caused selling to put prices to 2 points under the close of yesterday, July falling off to 19.S6c The con dition reports by brokerage houses were considered low and led to buy ing on which the market recovered,
The Birmingham age-herald., 1922-05-27
JULY CONTRACTS
 FEATURED MOST |NCOTTON MARKET
General Market Closed Strong at a Net Advance of Thirty two to Forty eight Points
 on the Day
By AssocInted Press

1 New York, May 26.-The feature in 1 the cotton market today was the strength of July contracts which sold and closed at 20.S3c or at premium of S9 points over October compared with 27 points at the close yester- day. This advance was attributed to slarge demand from shorts and the strength of the near position helped the tone of later month. October sold
 p from aO.00c to 2049c and closed at 20.44c, with the general market closing strong at a net advance of 32 to AS points.
 The market opened steady at a decline of four to seven points in response to relatively easy cables and reports of less active demand for cotton goods at Manchester. Offer ings were particularly absorbed how ever. with July shorts active buyers and prices soon rallied. At times trading became comparatively quiet and there were slight setbacks under realizing, but generally speaking, of- ferings were light and whenever buy CTS appeared around the ring, prices Worked easily higher. Prospects for unsettled weather in Texas and Okla homa over the week end promoted commission house buying of new crop months, which helped to absorb sell ing against purchases of July and the demand was more general in the late trading when it looked as though long lines recently liquidated were being replaced.
 Prices reached the highest levels of the day just before the close, with December selling at 20.30c, and with the general list showing net advancN of 35 to 52 points. Last prices were within few points of the best. There were four private crop reports issue . two of them agreeing on a condition of 6a.3 while the other two both made it 67. One of the latter es- timated the increase in acreage at eight per cent and the indicated crop at 10470,0oo bales and another made the increase in acresge three per cent.
 These reports were considered about In line with expectation and without much effect on the market which was said to be chiefly interested in the July developments. Exports to- day. i1,1o7. making 5,144.41s so far this season. Port receipts 14,744, U. s. Port stocks, s99,769.
The Birmingham age-herald., 1922-05-27
Conditions Tn Iron and Steel Continue
 To Show Strength
By Associated Press

Cleveland, O., May 26.-(Special.)- The Iron Trade Review today will say:
 Underlying conditions in iron and steel show continuing strength. Con- sumption as measured by the heavy demands upon production still is ex- banding. With most of the mills and furnaces heavily booked for weeks ahead and further increase of opera tlons retarded by the uncertainty of the coal strike. the problem of meet Ing obligations for material is para mount. New business is shade less vigorous. This is regarded as healthy sign, however, as producers are holding a check on buying, espe- eially for future delivery and are re- strictlng 1t as far as possible to speci- fife requirements.
 Prolonged deliveries in many lines are causing consumers of steel to make greater efforts to contract for future periods, principally the third quarter. As rule producers do not care to accept future contracts with present uncertainties as to costs, but wire makers this week have been booking plain wire from the manu- featuring trade for third quarter at an unchanged price.
 Probability of an early reduction in freight rates has become some thing of a market factor this week. Some buyers have held off in plac- ing orders for forward delivery in the hope that such a reduction would influence the price situation. Authori- tative advices from Washington indi- cate that the railroads probably will agree to voluntarily reduce rates on certain commodities, including iron and steel, which the interstate com merce commission feels it cannot do under the existing law.
 Car orders are keeping up well. The weeks total was approximately 5000. This brings the total for the month to date to 17,000 and since January to more than S5.000.
 The Iron Trade Reviews composite market average of IA iron and steel products is practically unchanged this week The composite is sS6.62 com pared with s36.60 one week and SS6.50 two weeks ago.
 Transactions in foreign pig iron are arousing more general interest. A Delaware river pipe maker has purchased one cargo and Pacific coast consumers another of Scotch iron. The price Is around $24 c. i. f. Atlantic ports compared with $25.54 the prevailing price of eastern No. 2x at Philadelphia Another lot of 250 tons of Belgian iron has been placed on the Pacific coast The Iron Trade Reviews market cable from London this week reports further sales of 1,500 tons of British iron for delivery at Baltimore and an inquiry for 1o.- 900 tons under negotiation.
The Birmingham age-herald., 1922-05-27
Much Improvement, II
 Bradstreets Keyword
RxAssociatetI Prese.

New York, May 26.-Bradstreet tomorrow will says $r
 Improvement Is the keyword of thh reports received this week by Brad streets regarding trade. industry and crops This improvement is by mo means uniform being affected by
 and dependent upon varying copdi- tions of weather the progress and of crop development and the slow. but apparently steady gain in activity in most. not all industries toward better conditions. Final distributive trade. that is, retail buying and jobbing distribution. are both better with most progress as for some time past, shown in the western surplus grain producing areas. Better weather and rather more active employment is reflected in the eastern states gen- orally while the south. owing larSly to excessive rains in parts of Texas and in the southeast. shows less not able progress although the recent rise in cotton. the activity in and strength of lumber. and the subsi- dence of the flood waters in some sections helps the growth of the more optimistic feeling recently Qbr served in that section Weekly bank clearings s6.s66. .225.000. s1
The Birmingham age-herald., 1922-05-27
Euening Up of May Commitments Has
 Featured Gotten
By Associated Press

New York. May 26.-The features
 in the cotton market here during tha
 past week have been the final even covering by July shorts which sent
 that position to an increased premium
 over new crop deliveries. Further notices were issued against May con tracts, bringing the total for the
 month up to 177.70o bales, but May
 maintained substantial premium
 over July right up to the end or trading in the position at noon on Wednesday and il Is supposed that
 practically ali the May notices We're taken up by three prom. .nent firms of cotton merchants and exporters. There have been varioas conjess-
 lures as to the probable disposition of this cotton. Rumors that plans are being made to ship large part of 1t out for export and domestic spinners have pot been confirmed, | nor have other rumors that there is strong July long interest which
 may demand deliveries and take up the cotton when 1t is retendered.
 Whatever may happen along these 1 lines, July shorts have evidently lOunQ itLle comfort Tn the preSeHuS | of such a long stock here and with 1 July now the active month to ma | ture the price tendency has been toward a parity with' southern spot 1 markets. | Further rains were reported in the l southwest during the first part of the week, but weather conditions
 showed some improvement later and local brokers say there has been 1 little change in sentiment as to tho 1 probable showing of end May contlt- ton figures. The government report giving the condition as of May 25 is published on July 2. Five private reports have been issued during the past few days, two of them making l the condition 69.3. two others betl 1 making 1t 67. and the fifth placing | 1t at 65. Figures on acreage have ranged l from an Increase of per cent up to l 8 per cent increase. and the two re- ports giving figures on the indicated crop have placed 1t at from 10. 243 900
 to 10,470,oD0 bales. Rather lulls in the demand for cotton goods has been reported, but no weakening of prices in the domestic markets. Liverpool cables have also reported
 a less active business at Manchester.
 and the spot b-siness officially re-
 ported. both ir Liverpool and leading southern mark cts. has been somewhat
 smaller as compared with the prs vious
The Birmingham age-herald., 1922-05-27
.BIG RECEIPTS AND
 HEAVY DELIVERIES
 CAUSE WHEAT DROP
Corn and Oats Were in Sym. pathy and Went For Frac- tional Losses, While Pro-
 visions Were Weaker
By Associated Press

Chicago, May 26.-Big receipts here and heavy deliveries on contracts led to fresh declines today in the price of May wheat. but failed to keep down values for later months. The market closed unsettled at two cents lower to one cent advance with May $126N to s1.26S and July $1.22h to s1.22M. Corn finished unchanged to ssc higher; oats 1sc to 14c and pro- visions varying from 7c off to a rise of 75c.
 Rapidly accumulating stocks of old wheat in Chicago, with demand for the grain seeming to have lost all the urgency which prevailed early in the week, was generally accepted by wheat traders today as sufficient reason for new setbacks which took place in the price of May wheat. Bulls, however. successfully con- tended that the new crop months, July and September. were at too great discount already to be re- sponsive to such apparently tram sient conditions. Persistent buying of July in small lots for houses with eastern connections was a feature throughout much of the session and tended to emphasize the cleavage be- tween the old and the new crop de- liveries
 General lessening of selling pres sure in the wheat market became evident near the end of the day. bears showing signs of being somewhat nervous over possibilities of surprise developments. Deliveries ton May contracts today totaled S91 ,009 bushels and fresh arrivals of wheat here totaled 4SS carloads.
 Rain likely to hamper field work gave comparative firmness to prices of corn and oats.
 Provisions averaged higher in line with hog values.
The Birmingham age-herald., 1922-05-27
Bankers Want Coal
 Strike to Be Settled

Pittsburg. May 26.-Satisfactory settlement Of the coal strike will do more to stimulate business that any other element in the situation. said Thomas B. McAdams. of Richmond. Va. president os the American Bank CTS association, in an address here today before the Pennsylvania Bank 'ers association. Labor which seeks to maintain wartime wages. he add ed does more harm to labor than to capital. as the bill for excessive wages in the last analysis comes largely from the pocket of the wcrkingman who is least able to pay.
 Resolutions was passed by the as- sociation including the indorsement of the federal reserve system. Secre- tary Mellon and Comptroller Cris- singer. and asked the reappointment of W. P. G. Harding, as governor of the federal reserve board
The Birmingham age-herald., 1922-05-27
Standard Oil Cuts Melon of Dollar
 A Share on Stock
By Associated Press

Louisville, Ky, May 26.-Di- rectors of the Standard Oil com pany of Kentucky today declared a quarterly dividend of S1 share on the stock of the com pany, which several months ago was put on s25 par basis. This puts the new stock on a s4 an- nual dividend basis and the old s1oo par value on basis of Is per cent annually. The action today represents a dividend in- crease of 3S 1-3 per cent.
 New York. May 26.-Directors of the Remington Typewriter company today elected B. l.. winchell. formerly president of the Rock Island Lines, and the St. Louis and San Francisco Railway company, as. president. Frank N. Kondelk. who accepted j the presidency earlier in the year. with the understanding that he would be required to serve only until suitable sue cessor was found. was named chairman of the board.
 Washington. May 26.-Permis- sion was given the Carolina and Georgia Railroad today by the interstate commerce commission to issue s350.00o in 6 per cent bonds, s200.000 of which will be sold and the receipts used to complete a 25-mile line between Andrews and Hayesville, N. c. The balance of the issue will be exchanged for outstanding se- curities.
The Birmingham age-herald., 1922-05-27
MOVEMENTS STILL UNCERTAIN IN THE
 WALL STREET LIST
Secondary or Low-PriCed Rails Again Led the Trans portation List to Materi-
 ally Higher Levels
By Associated Press

New York, May 26.-Reeent con- flicting and uncertain movements in the stock market were resumed to- day. The trend among leaders and investment shares was mainly up- ward, however, on large dealings, to which the shorts made enforced con- tributions.
 Prospective freight rate reductions and lower prices quoted for some es- sential commodities seemed to exer- else less adverse influence. and ef- forts of bear cliques to depress quoted values on the utterances of the Brit ish premier met with indifferent suc- cess.
 Further lack of public interest was manifested in steels, equipments, cop pers and kindred issues, but the strength of United States Steel was associated with the address of Ebert H. Gary before the members of the American Iron and Steel institute.
 Secondary or low priced rails again led the transportation list to ma terially higher levels. Striking feat ures of that group comprised Lake Erie and Western common and pre- ferred. St. Paul, Wheeling and Lake Erie preferred and New Haven. coal CTS. notably Reading, again moving upward.
 Oils made substantial headway on the higher prices quoted for the crude product, Mexican and Pan-American petroleums scoring the largest ad- vances with California petroleum but those issues were among the first to give way under realizing sales
 Other individual features of strength included Studebaker, Bald- wyn. United States Retail stores, to- bacco products and numerous classi- fled specialties. Foremost among these was Coca Cola. which retained the better part of It's extreme gain of sM points.
 Call money opened and renewed into next week at 3h per cent, ris- ing to per cent at midday and per cent In the last half hour, the ad- vance being attributed to calling of loans by local banks. Time rates wore unchanged, but available spec ialtfes for the longer maturies were small.
 Brokers reported moderately heavy sales of bills on London for specu- lative account following the receipt of cables outlining Lloyd Georges speech on events at Genoa. Demand sterling reacted to 4.44h but rallied fraction and all the cominental re- mittances eased slightly, Denmark and Switzerland proving the only noteworthy exceptions. Weakness again featured the Austrian rate on delay in the consummation of a loan to that government.
The Birmingham age-herald., 1922-05-27
DRY GOODS MARKET

-'s New York, May 26-The American Woolen company advanced prices again today ranging from 5c to 41ia c a yard. This latest advance makes the increase since the beginning of the fall season from l0c to 75c a yard.
 The company said it was unable to take new business in some mills for fall delivery, but could give later de-
 liveries in certain lines.
 Worsteds have not yet been revised but the trade expects an upward re- vision soon.
 Cotton goods were quiet and firm with interest well maintained in the heavy wool end Yarns were moder- ately active, and burlaps stronger. Laces, embroideries and silks w.-e quiet.
The Birmingham age-herald., 1922-05-27
COFFEE MARKET Rv Assoclnt~d pr.ss


 New York. May 26.-The market for coffee futures opened at an ad- vance of i5 to 25 points and sold ls 10 2S points net higher during the carly trading on renewed covering by July shorts and firmer Brazilian cables. July sold up to 10 43c and December to 9.64c, but met little more realizing around these figures, casing off to 10. 31c for July and l6c for December in the late trad ing. The close showed a net trad vance of 16 to 21 points. Sales were estimated at about 2t.o00 bags. Clos ing quotations: July, 10.31c; Septem- her. 9.S3c; October, 9.74c; December, 9.54c, January. g 49c; March, g.. SSc. Spot coffee steady: Rio Is, 107s q He: Santos 4s, 14h @14ssc. Cost and freight offers were generally in- changed. including Santos 3s and os at l3 75@1S. soc for prompt and al 13 .20@i3 25c for future shipment. Rio Is were quoted at 10. 40c, Ameri- can credits.
 As yesterday was a holiday in Bra zil, the usual early cables were lack ing. but special cables were received reporting an advance of 150 to POO reis in the Rio market and of 10 to 1z5 reis in Santos today. Rio ex- change on London was unchanged and the dollar rate 10 reis lower Santos cleared 2S.5oo bags for New Orleans.
 SPOT COFFEE
 By Associated Press
 New York. May 26.-Coffee, Rio No. I. 10 15-16c.
The Birmingham age-herald., 1922-05-27
FOREIGN EXCHANGE Rw Aaaaaluf.xl pr-..

New York. May 26.Foreign ex- change irregular; Great BrfSAin, de- mand 4.44%; cables 4.45: 50 day bills on banks 4425s. France, demand s.1o; cables 9.1ots. Italy, demand b.24; cables 5.24h. Belgium demand s.421s; cables s.43. Germany de- mand .3s%; cables .34 Holland de- mand SSs5; cables 3s.so. Norway demand 1925: Sweden demand 2575 Denmark demand 21.7o: Switzerland demand 1908; Spain demand 15so; Greece demand AIS: Poland demand .ozh; Csecho- -Slovakia, demand 1s2: Argentine demand S6.37; Brazil de- mand 1887; Montreal 99 1-16.
The Birmingham age-herald., 1922-05-27
BANK OF FRANCE

ny AbbbtIHteu FfeH6
 Faris, May 26.-The weekly state ment Of the Bank of France shows the following. changes:
 Gold in hand increased 1GS.o00 francs. Silver in hand increased 232. 900 francs. Notes in circulation. de- creased 17s.o95,0o0 francs. Treas ury deposits increased 2s,312,00O francs. General deposits, decreased 13e,16,0o0 francs. Bills, discounted increased s,7Ss,ooc francs. Advances, decreased 62.3a4,000 francs. The state repaid the bank 10000, 900 francs.
The Birmingham age-herald., 1922-05-27
COTTON SEED OIL

New York, May 26.--Cotton seed oil was quiet and featureless, the day s turnover being 4.600 barrels. Near months closed to 5 points higher and late unchanged to net lower. Prime crude, 10c asked; prime sum mer yellow spot, 11.65&12c; July 11.75c; September, 1l.7sc; December, 9.S2c, all bid
The Birmingham age-herald., 1922-05-27
METAL MARKET n- A~.f>k>A D~~~~

New York, May 26.-Copper firm; electrolytic. spot and futures, 13M@ 14c. Tin steady; spot and nearby $31.25: futures. $a1.12. Iron steady; prices unchanged. Lead firm; spot. $5. .5o15 .a5. Zinc steady; East at Louis spot and nearby delivery. $s.25. Anthony spot. $5.a7@5.5o.
The Birmingham age-herald., 1922-05-27
Hubbard Bros. & Go,

Msmh~rs New York Stock Exchange. NeS orlesns Cotton Exchange, New York Pto dues Exchange. Associatsd Mem&r Liverpool Cotton Association- Orders e and Cotton Seed Oil for future dalivsry SpeciAs attention and liberal terms giveu for eonsisnmsnt of spot cotton for ds
 livery.
The Birmingham age-herald., 1922-05-27
LIVERPOOL COTTON

Liverpool, May 26.-Cotton spot quiet; prices easier; good middling 1214d; fully middling 11.s4d; mid ding 11.69d: low middling 11.24d; good ordinary 1o39d; ordinary 9.s9d. Sales, 5000 bales. including 5000 American. No receipts. Futures closed quiet and steady. May 11.77d; July 11.62d; October 1t.40d; December 11.26d; January 11.21d, March 11.12d.
The Birmingham age-herald., 1922-05-27
MONEY MARKET By AsEocInted Presa

New York. May 26.--Call money firmer. high 5 per cent; low 31a per cent; ruling rate sia per cent: clos ing bid per cent; offered at 5k. per cent; lest loan per cent. Call loans against acceptances 31a per cent. Time loans firm: 50 days and 90 days AZ per cent; six months "A a 4h per cent. Prime mercantile paper 4N @4h per cent.
The Birmingham age-herald., 1922-05-27
SUGAR MARKET

New York. May 26.-The raw sugar market was unchanged at 2%c for Cubas cost and freight. equal to 4.2Sc for centrifugal. There were sales Of about 100, 900 bags of Cubas for June shipment to operators and refiners at quoted prices.
 The raw sugar futures market was unite active and prices were easier. The opening was unchanged to 2 points higher on scattered commits sion house buying, but after prices advanced to points, there was lib- eral offerings from broker with trade and Cuban connections and there was sharp reaction. Final prices were to 3 points net lower. July 2.6Tc; September. 2.SSc; pecem : ber. 2.93c: March 2.92c.
 The market for refined sugar was unchanged at $50 to 5.60c for fine granulated with a good inquiry for both domestic and export account.
 Refined futures nominal. July 6.05c; September CLOG: December Sc.
The Birmingham age-herald., 1922-05-27
NAVAL STORES

Savannah. May 2s.-Turpentine firm. s2Mc. Sales. 12s; receipts. 491 i; shipments. Ss3; stock. 1.21s.
 Rosin~ firm: sales. s26: receipts, 1537; shipments. 7ls; stock, 55,oos. Quote: B, sf.271sk D, s4 3o@4.321a; F, $4.45@4.f74; E. $4.60@ 4.721s G. s4.65@4.72ih H. $4.7O@4.72ls: |. s4.75: K. s4.s065 02l1 NJ. s5loM 5s5; N. s5.4o@5 50; WIG. ss.lo@ G.l5; wv. ss. 50.
The Birmingham age-herald., 1922-05-27
RICE MARKET

New Orleans. May 26.-Rough rice quiet; no sales; no receipts.
 Clean rice strong. Sales reported: S,6s2 pockets Blue Rose at 3h@4Mc. Receipts 2.63S pockets. Bran and polish unchanged.
The Birmingham age-herald., 1922-05-27

Liverpool. May 26-Weekly cotton statistics: Total forwarded to mills. 62.000 bales. of which 42,000 were American. Stock, 1000. American 523.o00. Imports, 66,00o, American SO 000 Exports. 2.000. American 1000.
The Birmingham age-herald., 1922-05-27

London. May 26.-Bar silver. 36Sd per ounce; money. 1% per cent. Dis count rates: Short terms, three months bills, 2% per cent.
The Birmingham age-herald., 1922-05-27
EAST ST. LOUIS LIVE STOCK

East st. Louis. May 26.-Cattie: Re- ceipts 1000: beef cows strong;. other classes steady; only one load beef steers here and no yearlings.
 Bulk beef cows .-...........s a.eeeg sseoo ssoo Bulk cannerS o.tpV esso Bulk beef and bologna bulls 1000 4.7b Veal calves top. including
 bulk ............... .sVVio.ov Few stocker steers brought. t.bo
 Hogs. Receipts. 12.oo0; steady to 100 lower; closed easy with good clearance pugfk 9ooa hntchers i0.65@1o.75 Ruiis 90o to 1lo-ib averages 1o.00@ 10.40 Packer sows .........,.. slo@ 9.25
 hnss Sheer, ,nTios Receipts Isse. $500 steasyi5 Bulk natives .,.. 14.b0 6D15.oo Culls ............... 1900 500 Light ewes ....5..s........... e.i5 Heavies ......... ....s...... 400