davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1923-03-02
Crude OH Production
 Greater During Week

NEW YORK, March 1.-The daily aver age gross crude oil production Of the United states inreased 27l50 barrels for the week ending February 24 totaling 1,7S4,700 barrels compared with 1,757, $50 for the preceding week. according to the weekly summary of the American Pe average production east of the Rocky mountains was 1.15f700 barrels as com pared with 1.162, -550 barrels, a decrease of 1850 California production was 630, 900 barrels as compared with 595,ooo. in crease of 35,g00
 Oklahoma-kansas showed a daily sv- craze gross production of 4s7, 800 barrels an increase of $50; north Texas showed a decrease of 300; north Louisiana an in crease of 3,100 barrels and Arkansas in crease of $500. h Oklahoma, produc. lO9 100 barrels against 1l4,950 barrels; 'ronkawa, 60,700 against 54300 barrels; Lyons Quinn, .970o. against $500 barrels. 800. against 56700. The Mexia pool, cen tral Texas. was reported al 56. 800 barrels against 56,300 Haynesville, north Louis iana, 3f60o barrels against 3325O Eldo- rado, Ark, 2o,35o barrels against 19,2oo, and Smackover. Ark. S2S00 barrels against so.4oo. In the gulf coast field against 1o,7OO, and West Columbia 2i,6O0 barrels against 24,500.
 There were no changes reported in crude oil prices for the major districts Mid continent being quoted at Sl 50 to g. 60 a barrel, according to the gravity of the oil, and the Bradford district, Pennsyl Gulf Coast at $l 50 a barrel.
 According to figures collected by the American Petroleum institute. the imports of petroleum tcrude and refined ols) at week ended February 24 totaled 1,202,767 barrels, daily average of ls224, com pared win 1,945,280 barrels daily aver age of 277ss7 for the week ended Febru- I,
The Birmingham age-herald., 1923-03-02
Sensational Squirt ln Cabbage Prices Noted
 In Vegetable Market

CHICAGO. March 1.-Cabbage nsured in a sensational price spurt last week ihat sent quotations high as ifse pound, or s97 50 a ton for new Texas stock, the United States bureau of agricultural eco monies said today.
 The record price for the season was set at St. Louis. Increased carload ship ments from New York and lscohsih failed to check the rise.
 tis;ics compiled as oe last Monday, ranged from s60 to S65 ton in Chicago, an in- crease of $l0 a ton over the, previous week; At New York. Philadelphia and Cincinnati the price jumped from 50 to so a ton.
 But the spurt taken by Texas stock was the most rapld ot all, the market opening last week at s75 ton and closing the week at S97. 50.
 Light shipments from the south, heavy light storage holdings tended to greatly excite the market Prices to shippers at the transportation centers in the produc- ing areas increased from $35 to S5e a ton. Florida and Texas shipments during the week dropped to Is cars day. Three years ago old stock sold as high as sl3O a ton, but since that time it has seldom brought over $I5, and usually averaged S25 to $50 in February.
 Onions were reported gaining in popu- larty, 16o carloads arriving at the various markets daily. Apples were received m greater abundance but prices cIinpcu steadily. Gains of 5c to l0c a hundred pounds were reported for potatoes at snip ping points.
 Low temperatures in Texas hampered the spinach shipments, and shipments fell below the average Florida lettuce ship ments also decreased, while the California output iUcrea scu.
The Birmingham age-herald., 1923-03-02
RALLIES FOLLOW
 EARLY DECLINES IN COTTON PRICES

NEW YORK, March 1.--RealiZing sales were absorbed on declines of about 20 to 50 points in the cotton market this morning and rallies fol- lowed on renewal of trade buying and covering. March deliveries made q new high record. selling at 3023c in tile late trading, while May ad- vanced to. 30.27 within ? points of Tuesdays high price. May closed at 30.23c with the general market closing strong. 22 to 37 points net higher on the old crop and of to J points on new crop positions.
 The market opened steady to ) points higher on overnight buying orders and covering, promoted by press cables intimating that organ ized short time was not likely to be adopted by Lancashire spinners. There was Il good deal of realizing and scattered southern selling around the initial figures. however, and the market soon turned easier.
 There appeared to be q feeling that more immediate trade needs had been pretty we'll supplied and that old crop months were entitled to further reaction following recent ex- tended advances. This probably ac- counted for some profittaking or local selling and more aggressive selling of new crop deliveries was encouraged by tine prospects for falr and. warmer weather in the south west Some stop orders were un3 covered as the market worked off, with March selling down to 29.dSc, July to 2S.S2c. and October to o.49c. mak ing reactions of about 90 to 80 points from the high records of Tues day. After the execution of these stop orders. offerings became very light and very quiet early after noon was followed by sharp advances on a renewal of domestic and ror- eign trade demand and covering by carly sellers. July sold up to 2J.30c and October 10 25.Sfc, or about 3o to 55 points from the low level oi the morning and the close was with In few points of the best The talk of trade buying here this after noon was regarded as tending to con- firm bullish reports from the south ern spot markets indicating that less cotton was coming out at the 30-cent level than expected. Port receipts today, 7,444. U. s. port stocks, 726.- 566 Exports. 41,276. making 3.70l,- l73 so far this season.
The Birmingham age-herald., 1923-03-02


 NEW YORK, March 1.-Hcyers in the raw sugar market today paid 5Ssc for Cubas cost and freight. March shipment. taking upward of $50. GOO bags at that fig ura which the highest price paid since the advance of 1920.
 Most of the sugar went to refners who have recently sold large quantities of re- fined to the trade, and now purchas- Ing raws. Back of today's activity and advance was a rumor that the Cuban Sec retary of Agriculture would issue an tmate of around $500 900 tons, or S0o.- 900 tons less than the minimum estimate of private estimates thus far received. There was no confirmation of this and late Havana cables professed to believe there was no reason for changing previous esti- mates of 4.000.0 900 tons.
 Refiners generally are holding fine gran ulated at oc. Raw sugar futures shared the general strength by advancing to D .S6c for May and 95c for July. or bout 30 points net higher and lc above the low of Tuesday. After moderate reactions the ate afternoon market was stronger again on new buying and covering with last prices poirfs net higher
The Birmingham age-herald., 1923-03-02
ATLANTA RESERVE BANK

ATLANTA, March 1.-Statement of re- sources and liabilities of the Federal Re bank of Atlanta at the close of business February 2s
 Resources: Gold coin and certificates in vault. s5,663.545 50; gold settlement fund. Sl76S6,5122s: total gold held by bank. S23,350.0 0.057.ss; gold with federal reserve agent, Sl09. .7s3,9s5, gold redemption fund. sl.4s4,576.o3; total gold reserve. $is4.els. SIS .91; reserve other than gold, sSs62.- 556; total reserve. s14a,4sll749l; non reserve cash $5,22s.695. 30. Bills discount ed: Secured by government obligations. S2.0s7.22 "A; all other. $16.417,453.21; bills bought in open market, ss,2S3. .335.64: total bills on hand. s26, ss,Ol7 .o9: United States bonds and notes. $459.40O all other cer earning assets. $36,77s, ,339 09. Bank preni- ises. s2.199242.47; uncollecte ditems. s26.- 061.202.37. all other resources. 3i62.- 1f2. sb; total resources.> $213,201.f27.
 Liabilities. Capital paid in. $4.4ls.36o; surplus, $s.94l. .o53.42. Deposits: Govern account. $53.02s,s25 6s; all other $242.- i2g. go; total deposits. $561s7. 406 58. Fed eral reserve notes in actual circulation, Sl19,016.735; deferred Availability items s24.o46,so4 Ss; all other liabilities. $5Ss.- o77 .67; total liabilities. s213,2O1.427.
 Ratio of total reserves to deposits and feueraI reserve note liability combined Sl.9 per cent.
The Birmingham age-herald., 1923-03-02
Business Conditions Better Than at Any Time Since World War

ATLANTA. Ga. March 1.-tRy Asso- ciated Press.)-Business men say that con ditions now are nearly more normal than they have been at any time since the out break of the World war according to the monthly business review made public here today by the Federal Reserve bank of Atlanta. covering the sixth federal re- serve district. comprising the states of Georgia. Florida. Alabama, Tennessee, Mis- sissippI and Louisiana.
 There IS abundant evidence" the re- view states, that business conditions in the Sixth federal reserve district are show ing continued Improvement. The attitude of business men in various lines of com nfercial, Industrial and financial activity IS one of optimism, and almost without exception reports to the monthly business review state that the outlook is bright. and at present there are no alarming de- velopments in sight.
 statistics of January of this year com pared with January of last year are favor able in almost every instance aud in many eases increases. are shown ovsr tae pro eeding months" the review nss4.s. Whole sale and retail trade both refloct better business conditions than existed by firms cooperating in this work being very much above that of January. 1922.
 Conditions in agricultural communi- ties are greatly improved because of thA relatively greater return from the last crop season. Farmers are being urged to make every effort to destroy the boil weevfl While the weather for the most part of the winter has been mild, the freezing temper atures during the middle of February will 1t is believed, have the effect of destroying large numbers of the weevii and in this way reduce the amount of insect damage of the coming crop.
 "Debits to individual. accounts show A substantial increase over this time last year. savings deposits, reported direct to the review by S2 banks in the district are l2.s per cent greater than At this time last year. and both the number and lia biii- ties of commercial failures in the district during January showed material decreases compared with January last year.
 Building statistics tor 24 cities in the sixth district show substantial increases over January. 1922, in IS cities and de- creases in. only. s. Lumber mills during January experienced the best business in many months, from the standpoint of or ders, and cotton manufacturing concerns also reported Increased production and de- mand. Employment conditions continue to Improve, and at some points shortage oi workers Is noted in some lines.n
The Birmingham age-herald., 1923-03-02
NEW ORLEANS COTTON

NEW ORLEANS, March l.-Dry and warmer weather over the belt and less pressure to buy spots caused moderate de- clnes during the greater part of today's session In the cotton market, but in he late trading. when carly short sellers tried to cover they caused one of the sharpest upturns in weeks. In this bulge the old crops led. and the new crops held back. 70 that irregularity was marked in the last prices of the day. The close was 22 points up to 9 down. net May closing at 29. sac a pound and October at 2B. soc.
 Declines of to s points came ahead of cables and the better weather over tho belt. but the large export movement of the day, 4l.37s bales, and reports that fac and western sections of the belt had been reduced. brought in sufficient support to cause rally to levels to 12 points over the close of yeHterday.
 Selling increased again around the mid dle of the morning and persisted for . con-
The Birmingham age-herald., 1923-03-02
PASSGE OF FARM CREDITS RAISES PRICE OF WHEAT

CHICAGO, March 1.--Passage of the farm credits bill tended to lift prices in the wheat market today, as did dry weather complaints and a bullish estimate of the amount of corn held on farms. Despite a re- action due to profit taking sales wheat closed firm, $ to 1sc net higher, with May 11SA, to 1lS7s, and July 1.15A to 1.15A. Corn gained 3sc to 1A to 14c, oats fin ished unchanged to Mc up and pro- visions unchanged to an advance of ? cents.
 With many traders anticipating that the house would take favorable action on the farm credits measure the wheat market began early to show that bears were at a disadvan tage, and it was only in the last hour when efforts to realize became general that any weakness was ap- parent. The market was rallying at the finish, however, influenced largely by the fact that one statis- tician had figured the farm reserves of corn as totalling S55. 5.000,00O bushels-about 200, ,O06,000 bushels less than in general had been looked for.
 Highest prices of the day in the wheat market came after announce inent from Washington that the farm credits bill had passed the the house. On the other hand re- ports of excellent crop prospects for winter wheat in the northwest counted somewhat as an offset fol continued dry weather east of the Rockies. Absence of export busi- ness was also of considerable weight In checking bullish sentiment.
 The farm reserve estimate circu- lated today was so radically bull ish that t aroused a good deal oi slepticism. A year ago the official figures, 1905, 900, ,000 bushels and two years ago. 1865, 100000 bushels. Bet ter demand for oats east was re- ported.
 Provisions were firm in line with hog values.
The Birmingham age-herald., 1923-03-02

activity recurrence of the demand from merchants must be expected. Mean time. We pre4er 10 observe rather than operate. because bulljsh enthusiasm must spend itself at moments and it is al ways dangerous tU go long loo near the top.
 Chicago grain: Wheat started firm on the better Liverpool cables and until noon showed every evidence of reaching higher levels. A selling wave starting at the nigh point of the day resulted in a down turn of almost ic bushe with recov. cry right at the close, which left prices l. e B higher than last night The sell.
 ing was based on private report estimat- ing farm reserves at 170,000.00o bushels. which was construed bearish. The rest of the news was almost entirely in favor of holders. Liverpool closed unchanged to As higher. Corn was strong all day. When wheat broke, corn prices dipped, but came back stronger than ever, and closed at the high point of the day. Light primary re- eslpts and still country offerings met A better cash demand and further export takings Weather over the belt was again unfavorable. Local cash prices %c higher with a firm basis A private statistician's estimation of farm reserves showed a total of sb5, ,oo0,000 bushels as compared with l,313,000 bushels year ago. These fig- ures sensa tional in the extreme and i. confirmed by soverpthent estimation will be reflected In oecidedly higher prices.
The Birmingham age-herald., 1923-03-02
Little Market Flashes

CHICAGO, March l,-FehruarY sales of Montgomery Ward X Go. aggregated sebruary 1922, an increase of 56,s per cent the company announced today. The total orders reached the largest figure for the month of February in any year of the eonlpanys history
 WASHINGTON March 1.-sales of com mercial steel castings were larger in Jan nary than in any month since March, ly2U. the department Of commerce nounced today. Total bookings were l03.- ibl tons by firms with capacity nor mally devoted to commercial castings of of capacity, compared with December pookitgs at I1 ! per cent of capacity.
 NEW ORLEANS. March 1--six fire com panies anu one tne boat were required late today to extinguish flames aboard the Apangarez here.
 CHICAGO, March l.-An increase of cents hour for 65,0o0 freight handlers railroads and subsidiaries became effective today. At the same time an eight-h hour day with punitive overtime went into ef- feet for 32t,0Oo members of he Brother nod of Railway and Steamship Clerks. F'reight Handlers, Express and Station changes Issued yesterday by the Cnted States railroad labor board.
 wAsHTNGTON, March 1.-The Chicago. Rosk Island and Pacific railroad applied to tpe inlerstate commerce commission to- per cent general mortgage bonds. The se- curites will reimburse the roads treasury for expenditures made additions and bettefments.
The Birmingham age-herald., 1923-03-02
 Told by Priuate Wires
IsBAKD'S LETTER

NEW 1oRkr March l.-Olferings were very light on the opening, consisting of scattered southern and commission house selling. The trade was moderate buyers during the first hour. Liverpool turned a good seller along with local profit-taking. It is yet to be voted on whether the American section in Manchester will close or not Just before noon considerable sell Ing from Wall street and the south took points from the high. Though continue to hear bullish spot news, underneath the surface there must he some easing up in the demand or at this writing May con- said 1t was. We advise pursuing very ns shs a. e hesy busns by erpool due tomorrow: May i6.sad. July IS .bsd:-Hubbard Bros X Co.,
 STEWARTS LETTER
 BIRMINGHAM. March 1.-Liverpool below dues with light sales of 4,oo0 bales at q decline of II points in their mid dlings. Cables from Manchester were some down, saying mills using American cotton would not be affected Our markets previous close the easier Liverpool and overnight selling, and ease off further on realizing and some seiiins. apparently for large professional interests The market however. showed no weakness at any time and the offerings were well absorbed. Liv eerpool sold early but bought back later, LOS" Spttoh was iepofteu pilellHs III lHe Carolinas at 36c than had been expected. and more than that was being pad for the better grades with q ready ue.nand for everything offered. This situation seems to prevail throughout the cotton belt. Dallas reported higher spots and Il late cable from Liverpool said there was good demand for cloths. sharp ratly took place near the close due to covering by carry sellers. which brought the fina Is to an advance of 20 to % points over last night. Spots were strong following the ad l. vance m futures, quotations ranging from 30. soc eti Galveston and Houston to 29 70c at Dallas. There is nothing bearish in the cotton situation to warrant anything more than natural reaction and pur- chases of October on weak periods will prove profitable.-S. R. Stewart & Co.
 DOREMUs. DANIEL co.
 NEW YORK. March 1.-Aithough the stock market had again to meet profit taking during the day stocks were quick ly taken on any decline. The street was in a more cheerful mood than at any time since the upward movement was halted last week by the action of ths federal re- serve board. Reports from trade centers continue favorable. and these are again the backbone of the advance.
 Cotton: Todays decline was due solely to liquidation of an everbousht market. 1t has not yet been severe because more or less buying follows each slight setback being Induced by the steady stream of tsl. egrams regarNng bullish spot markets in the south. W6 have today advicss from one section in the Atlantics that mills are mot buying and that spots are easier, which may be a prelude to similar reports from o;h.. sections We do not tn ink this indicates weakness but on,y lull In spot
The Birmingham age-herald., 1923-03-02
Copper Firm Expands

NEW YORK, March l.--Directors of the Utah Copper com pany doubled its dividend for the first quarter today. increasing it from 5Gc to Sl share, This was at the rate of si share d yeaE instead of the S2 formerly paid.
 Virtually all copper company shares snd bonds sold al new nigh prices for the year in today's stock market. Some sa es of the metal were re ported al I.c pound, tEe highest since i92t.
 Tho Foundation company declared Hn initial quarterly dividend of $1 .. 15 a share on its new per cent stock of no par Va iue.
 An oNtra dividend of per cent and the regular quarterly dividend of 1 F per cent was voted ly Rec Motor Car company directors.
The Birmingham age-herald., 1923-03-02
LIVERPOOL. COTTON

LIVERPOOL March l.-Spot cotton in limited demand; prices steady; good mid dlinR> l6 49d: fuily middling, Is 34d: mid ding, l6 24d; low middlng, 15 99d; good urulnary. IS .i9d: ordinary. IS. .lsd Sales. 1000 bales, including 2.500 American. Re- ceipts, 1000 all American Futures closed easy. March f5. 74d. May 16 S3d. July 15. 36d October 13.s2d. December IS. 54d. January 13. 44d.
The Birmingham age-herald., 1923-03-02
Fewer Failures Noted

NEW YORK, March l.-Business failures during February 1923, were 24 per cent less numerous than for FebIsary, 1922. ac cordng to statistics compiled by Brad streets. The January total of failures for the year was one-ffth less than that of last year.
 Liabilities or firms that failed during February were 45 per cent less than those of last year. while the liabilities of Jan those of the same period In 1922.
 Failures during January this year totaled 2.l65 with liabilities of S53.434.- 003. There were l,570 failures in Febru- ary with liabilities of sG6.46l 767.
The Birmingham age-herald., 1923-03-02
r0rT0N SEED OIL.

NEW YORK, March l.~-Cotton seed oll was quiet with 8 mixed commission mouse trade After declining points early the 10 4 points net higher for leading months. sa les 47oo barrels tenders nil. Prime crude. 1Dc asked; prime summer yellow spot, II Joe; March II l5c; May, iltSci July, II 62e; september. II -62c. all pid'
The Birmingham age-herald., 1923-03-02
LOCAL MARKETS

Apples-Extra fancy Wipesap, barrels $s.2o, extra Fancy Delicious box, S4.6e; x sap. box. S3, extra rancy Roman Beauty s3, fancy Roman Beauty. box ta! 70; fancy spltz,. box S3,25; small jonathan, box, S3.25.
 bananas-Per pound 7c.
 Beans-Calltornia Hma. regular. II hc; navy. firm. pound. 9isc; pink beans, 9c-
 Peas-Calitornia Black eyed. pound, ta c. Cabbage-Texas. green, firm. olsc, Louisiana crates. S4.6O' Mobile. crates s3.75.
 Cfanberries-whole barrel slo: 20. pound boxes. S3.50.
 Cocoanuts-Per sack. $500: broken lots. $6.60.
 Dates-Dromedary. $6.75; 4s 3-ounce packages Dromedary case. s3.60. pound; choice New York, 5o-pound box. 1oc pound: 5o 1b-ounce New York stock. 17c.
 box. per pound, zoe: choice. l5isc. fancy. 25 pound boxes. 21c.
 Peaches-Practically peeled. 50: 60 H. ounce packages. not quote.
 Grapefruit--Box, s4.
 Lemons-calfornia, box, $500; import ed s6.t0. kegs, s7.o0.
 onions-Ked. per pound 4c; yellow. 4o; Spanish. crate, S2. 50.
 Orans @s-200- -zl6-250176 to box, $500; 15O to box. s4.75 96l26 to box. S4.25.
 Beans-Fresh, s3.60 hamper.
 CeIery-Florida, SS.5o crate, s1.25 dozen. Cucumbers-S6.60 crate.
 Eggplant-s5.50 crate.
 Lettuce-lceberg S5 crate.
 Peppers-Florida, crate $4.
 Tomatoes--Fancy crate. s4.5o: choice crate, $3.
 Potatoes-Colorado Irish, pound, 2Ac; Michigan. pound. 2c. Sweet lG0 pound sacks, pound 2Ac.
 Peanuts-Ala bama. raw. pound, 6hc: roasted. 7hc; Virginia. raw. Sc: roasted 9hc.i
 Prunes-Pitted. S6 1l-sunce package 15c; 25-pound box. 40-50 to pound. 12 2a C: 6o-7O to pound. lie: 6O-60 pound. 6O- pound boxes, 14c.
 Rice--Fancy Blue Rose. pound. G..
 Rutabagas-Per pound. firm. 2aec.
 Seed Potatoes and Onion Sets-Bliss Triumph potatoes sack. s5.25l ceeblers sack, s4.25; Rose. sack, s4.2S. Onion sets red. per bushel. s2.75; yellow. s2.75. white Sa
 Strawberries-45c quart.
 Louisiana Vegetables-Turnips barrel S6: mustard, barrel. so,50; carrots barrel S5; shallots barrel, $s: beets barrel $5; spinach, barrel. S6.50.
The Birmingham age-herald., 1923-03-02

forecast of fair weather for the entire belt, with warming up of temperature in the western half by less favorable political news from abroad. Around noon prices were al thei. lowest. IS to 35 points under yesterdays finais, with May down to 20 BOG and October Cown to 25 04c. The bulge of the late trading carrie,l May up to 29 BOG, but OctaDer dld nOl eXceed it's high of 5.42c, made in Inc early trad ing. At the highest ieveis tine old crop positions were at net gains of l6 tu 2' points
The Birmingham age-herald., 1923-03-02
NEyy ORLEANS COTTON FUTURES
SpOV g.,rToN

NEW ORLEANS. March l.-Spot cotton quiet and unchanged. Sales on the spot. s6c: to arrive. none. Low niddling. 2a.sse, midding. 30, 3lc; good middng, 30.6 receipts, 569: stock. l60,229.
 NEW YORK, March l.-Spot cotton steady; middiing 30 4oc.