davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1923-12-16
COTTON BREAKSON
 NEW LIQUIDATION

NEW YORK. Dec. 15.-There was a renewal of liouidation in the cotton market this morning which caused a further severe decline in prices. After selling off to 33.25 cents at the open ing, January rallied to 8a.50 cents but broke to 32.90 cents in the late trading or 95 points below yester- days closing quotation, while March sold off to 33.25 cents, making g net decline of 100 points. January closed at 33.16 cents, or 26 points up from the lowest, with the general market closing irregular at net declines of 45 to Fl points.
 The market opened at decline of 30 to 57 points under overnight sell ing orders and scattering pressure promoted by relatively weak cables from Liverpool. The initial offerings were soon absorbed by covering and trade buying and prices rallied IF points from the lowest during the early trading. There appeared to be a good many contracts for sale around the 34-cent level for May, however and the demand was soon supplied The market weakened as the buying tapered off, while the selling con- tinued and the pressure became more active or aggressive as prices de- clined. Stop orders were uncovered sending the price of December off to 33.60 cents and May to 33.45 cents, with the active months showing net declines of 88 to 100 points late in the morning. Trade buying was re- ported on a scale down and while 1t appeared to be in no great volume there was a furry of covering to- ward the close which caused rallies of some 25 to 30 points from the low est
 No special news factor was mem tioned in connection with the break but sentiment seemed to be unsettled and after the early rally there ap- peared to be comparatively few buy CTS around the ring. Private cables reported further liquidation in Liver pool and complained of a poor spot demand. According to advices pub lished here this morning, the British textile trade Is considering the or ganization of purchasing com mittee to adjust purchases of Ameri- can cotton to the state of the mar ket with 8 view to minimizing fluc- tuations but nothing definite was learned regarding the project. The amount of cotton on shipboard at the end of the week was estimated at 20O,S66 bales against 159,923 at the same time last year. these figures being commented upon as fore shadowing large. exports.
The Birmingham age-herald., 1923-12-16
NEW ORLEANS COTToN

NEW ORLEANS, Dec 15.--Wide de- clines attended the trading in cotton to- day and liquidation was its keynote The opening was lower and the lowest levels were not reached until nearly the end of the session when the list was at net losses of % to 105 points, with January off to S2S6c a pound. Shorts were profit takers in the last few minutes of the day and their buying of covers caused moderate upturns from the lowest so that last sales were at net losses on the day of 65 to sS points, the last transaction in January being at 83.20c.
 The lower opening was Tn response to A poor Liverpool market and to private messages from there which stated that the market acted tired, that buliish traders were unloading and that the spot demand was poor. Early declines amounted to little more than 1so a pound. but the lower levels brought no new support of consequence, such as the market has at times recently received when 1t softened.
 The Interior, was heavy seller of t1,1 from interior points claimed that spot great deal of the liquidation of the long interest was due to tho nearnesg of the holiday season. New sellers for short account were more confident than for some time past and a portion of their offerings was based on tho idea that the tone of most reviews of general whole sale trade was rather unfavorable. IA
The Birmingham age-herald., 1923-12-16
SLIGHT ADVANCE M WHEAT VALUE

CHICAGO, Dec 15.-Wheat gained little in value today owing somewhat to bullish views taken of Canadian crop estimates 15,o00,ooo to -2osQ0e,- % bushels less than the Canadian governments latest figures. The market closed firm Is o "A to 9sc net higher May. s1.0S1s O 5s to s1.0SB, Corn finished at Hc off to N@ %a up; oats, unchanged to B c lower. and provisions unchanged to B setback of 10c.
 According to 8 revised report is- sued by the Northwestern Grain Dealers association, the 1923 yield of wheat in the three prairie pro vinees of Canada has been overes- timated by the Canadian government and underestimated by the Grain Dealers association. The fact how ever, that the previous estimate from the grain dealers was raised by them today, 34,000,000 bushels attracted hardly any notice, whereas the infer ence that the Canadian government total should be reduced was given considerable attention. Furthermore bulls here were apparently confident that domestic demand would in time prove sufficient to diminish greatly the stock of wheat in the United States and that likelihood of winter crop damage and of acreage reduction would have important influence -Oh the market.
 Improved weather for the wheat harvest in Argentina was noted, but this fact was more or less offset by reports of damage by recent heavy rains. With gossip current that cas- tern ownership of large contracts for future delivery of wheat still cor- tinued a big factors traders here who were short manifested a disposition to even up, and the days final prices we're virtually at the top level reached.
 Prospects of larger receipts of corn, together with talk of improved quality of arrivals. tended 10 east corn and oats. Demand for May corn though was active. Ear.
 Inquiry slackened for provisions es- pecially so for lard.
 CHICAGO GRAIN AND PROVISIONS
 CHICAGO, Dec. 15.--Following are to- Ia nd Cfa
The Birmingham age-herald., 1923-12-16
OPERATIONS FOR RISE CONTINUED.

NEW YORK. Dec. 15.-Continua- tion of the weekend profit taking gave today's brief session of the stock market a rather irregular ap- peaPance but failed to halt opera tons for the rise which was par ttcularly pronounced in the oil and chemical groups. Realizing sales were most effective in the motors, sugars and equipments. Movements in the railorad group were mixed With fractional changes the rule.
 Corn Products was the individual feature, being pushed up 51a points to 153, a new 1923 top. United Cigar Stores, which had 8 sensational IS point rise yesterday, dropped back points today.
 Oils were again heavily bought Maryland, American B, Cosden and Standard Oil of California rising a point or so while Pacific moved up x, x. Tidewat'r ''' and Houston 'T'-
 The strong spots in the chemical list were Allied Chemical, American Agricultural Chemical common and preferred and Virginia Carolina Chem ical preferred, up IA to 2A points
 Trading in the so-called pivotal shares-United States Steel, Baldwin, Studebal1er and American Canvas lighter than usual, the closing prices showed little or no change on the day.
 There was fairly good demand for certain specialties.
 American Chile preferred, Ameri- can Radiator, Barnett Leather. Gem era1 Baking preferred, and Wool worth rising 3 to points.
 Manhatten elevated dropped near ly 2 points on the passing of the dividend and Hupp Motors yielded 1i5 on the announcement of an in- crease in capital stock.
 Foreign exchanges held steady in reflection of the improved sentiment in foreign financial centers as re- suit of the recent favorable devlop- ments in the separations situation Demand sterling was quoted around %.37b and French francs around 5.S0 cents. Other principal rates showed little or no change.
 Total stock sales 552600 shares Twenty industrials averaged 95. .25; 4net gain 20. High 1923, 105.3s; low S5.76 Twenty railroads averaged T34S; net gain .2e. High 1923, 9051;
The Birmingham age-herald., 1923-12-16
FOREIGN BONDS lon Stock Exchangel
Grain Letters
IT. & B. BEER

CHICAGO, Dec. 15.-Wheat: Values held within rather narrow limits Com mission houses buying on resting orders appear around sl.0S for May. which ab- sorbed the selling induced by the early weakness in corn. and with general week end evening up a rally from the low point followed. Northwestern Grain Deal CTS association raised it's estimate of the three provinces fin Canada to z29, 0OO. GOO bushels or S4.0oo .000 in excess of-fts pre- vious figures but 1t is still 15.000, ,000 to S0,000'000 bushels less than the official government returns. Charters have been made to take out 26,o00 900 bushels Mani tobas from Vancouver, including some for February loading. About 25 per cent of this will go to the Orient Export de mand at seaboard privately reported as showing improvement.
 Corn: Scattered liquidation as on De- cember corn and with selling by cash houses 1t dropped to 70 cents, new low on the present downturn. May was sold by commission houses early and bought on resting orders. The latter checked the decline at 72t5o for May and fair rally followed, with local shorts covering on the way up,
The Birmingham age-herald., 1923-12-16
Rise Of Industrials
 Is Feature Of Week

NEW YORK, Dec 15-A strong upward movement of indrstrtal shares, generally regarded as an ex- pression Of confidence in business conditions during the early part ot the year, was the feature or this weeks stock market. Railroad shares lost ground as a result of the deadlock over the. Senate chairman manship of the interstate commerce committee. the passing of the Omaha dividend and the cut in the Chicago and Northwestern rate. Cot ton prices fllctuated rather erratl- cally but closed at an average loss or half a cent pound below week ago. The final government crop re- port, indicating a yield slightly Tn excess of 10,000000 bales, brought about sharp but temporary reac- tion.
 Demand sterling, which was heav- iiv sold after the defeat of Premier Baldwin's protectionist program, made good recovery when shorts discovered @ limited amount of ster- ling bills available for covering op-
 Money rates were slightly easier, the feature being a reduction rom $ to 4M per cent for the best names on commercial paper.
The Birmingham age-herald., 1923-12-16
LIVE STOCK

CHICAGO. Dec. 15.-Cattle: Receipts yesg,ire l,vUJi compared week ago. better grades s5c to 500 higher; all grades mature steers uneven. 800 to 7bo lower; fat she stock stock uneyenly 25o to 75c off; cutters and bulls 26e down; canners. well bred strong weight feeders and vealers steady; light stoekers .us 25c to soc off; weeks bulk prices fnlow. dnl Beef steers, ss91O.2S; stockers st;so @ 6.4o canners and cutters. s2.25@ S.25; veal calves, ssQs.5o.
 stsadS sneep; c meceipts' 1000; market seneraliy fat lat lambs and culis. sbc to 800 lower; rat yearling wethers mostly 25c to soc lower lower; feeding lambs 25c lower; sheep Fat lambs. s12.75@13.25: yearling wethers @7;;25 feeding lambs, s11.25@i2.25. Hogs; Receipts. 10000; strong to shade higher than Fridays average, bulk good and choice 200 to 800 pound butchers poand ss os1 sssr1Ss 79 sons to sows mostly $e.5o@s.so; better grades weighty slaughter pigs. se.2596.5o: esti- mated holdover. %b0o.
 NASHVILLE. Tenn. Dec. 15-Cattle: Receipts 100; steady; heavy steers, s7@s; cows. ss;SoSS feeders. sISoesSc stock Hogs; Receipts. 1000, all classes 1so 200 pounds. s7lo; lso to is5 pounds. ;s.s5; pigs, sS6o@s; throwouts. te down.
 SSassR enoiss .ms: ass:dy ss sheep
 CINCINNATI. O., Dec. 16.-Hogs: Re- ceipts. 100; closing slow heavy steers, s75o@s; beef steers $4975o; heifers. stockers, S2.50@6.75.
 Hogs: Receipts. .22o; 100 higher; ls5 pounds up, S7.25; 120 to 165 pounds s6.60; pigs. 12O pounds down, s5.s5; throwouts. $6.96 down.
 Sheep: Receipts. 100; steady; lambs, s11.
 EAST ST. LOUIS. Dec 15-Hogs: Re ceipts, 5000; general market weak to 10c lower; bulk 80 pounds and up. s7.25@ TAO; light weights, s696.75; packer sows, S6.25 D6.35.
 Cattle Receipts. s5o Compared with week ago: Good and choice beef steers; good and choice light yearling steers and heifers. beef cows canners and bulls 25c to Soc lower; light vealers 75c, to s1 lower; stocker steers steady to 25c lower Bulks for week; Beef steers .s7@1o: yearlings, ss.5o@ @do; beef cows, ss,5q5: canners'
 Sheep: Receipts 150; packer market steady; best native. SETS; bulk weeks
The Birmingham age-herald., 1923-12-16
cOFFEE FUTURES

NEW YORK. Dec. 15.-The market for coffee futures was very quiet today. but ruled generally higher on some further scattered covering on reports of firmer Rio exchange rates. The market opened at an advance of to points. There was one sale of December at 1o.16c; or points net lower, but other months held steady around the initial prices and the close was to 10 points net higher. Sales were estimated at about 12,000 bags. Clos ing quotations: December. 10.2sc; March. s.41c; May. s.75e;, July. s5se; September. sac; October. sase; December. s:22c; Santos As. 14% @15Ac. No fresh offers were reported in the cost and freight markets.
 The official cables showed an advance of 1-32 pence In Rio exchange on London. with decline of 100 reis In tho dollar buying rate. The Rio market was 225 to 400 reis lower and Santos s75 reis lower
 Rio cleared 4.oO0 for New Orleans and Santos 4o.80o bags for San Francisco. Brazilian port receipts. 1.oooi Jundiahy receipts, 13,000.
The Birmingham age-herald., 1923-12-16
Cotton Letters
SHANNON & co,

NEW YORK, Dec. 16.--The market was again reactionary in the absence of any active demand from the trade. Some de mand for both foreign and domestic trade was reported, but the fact that this ta- pered off rapidly on rallies served to pro mote selling for further decline. scat tered liquidation was in evidence on the part of belated longs, who did not take advantage of the bulge to secure profits, but there was no pressure from actual, and selling was attributed largely to Wall Street and local professional operators, which invariably makes It's appearance In a lquidattng market.
 Short sales may be indulged in on strong markets successfully, but the changes In the fundamentals point so strongly to ul- timately higher prices that such opera tions seem suitable for only those who are actually on the spot and prepared to protect themselves at the first suggestion of danger.
The Birmingham age-herald., 1923-12-16
MONEY IN GRAIN

$ls-5e buys guarantee option en lo.ooe sasheH ofwheat or corn. No Furfhsv Risk. A move mont of 5c from option price givss you ar opportunity to take $500, C, $leo; Sc, Seoo etc. WRITE TODAY FOR PARTICULARS and FREE MARKET LETTER. snvesters Daily Guide, s. w. Branch.
 Dept. T-14, I0l6 Baltimore Ave-, Kansas City. No.
The Birmingham age-herald., 1923-12-16
CASH GRAIN

CASH GRAIN TOLEDO. Ohio Dec. 15.-ciover sesd4 s18.10 bid; January s1S.2o; March. sls.25. AIsil1e, S9.45. Timothy seed, SS.so; De- cember. $8.8o; March, s4,
 MINNEAPOLIS. Dec. 15.-wheat. No. 1 northern. s1.11H @1.13N. Corn. No: S5ssc. Flax, No. 1. ss.@5S248.
 CHICAGO, Dec. 15.-wheat. No hard, mixed 7I&c; No. 2 yellow 72%c. Oats. No. white. 44@ 46c; No. g white, 4SAh D o Rye Bafsy toSa s7@o sssd ,15gSss FnG ST. LOUIS. Dec. 15,-cesh wheat. No. 2 eo7n Fs@ s1s ao %sA %bts 4so NS so gsow Fia 'ss e Oats, No. white. 45c; No. white, 4ai59 441tc. Close; Wheat, December. ss1;os: May 7siS @7ssso. Oats. December, 4sac; May, 47c.
 KANSAS CITY. Dec. 16.--wheAt, No. 2 hard, s1.02@l1a; No, 3 red, sl.oa9l.io. Corn. No. yellow, 6se; No. mixed, 66Ia Qs7c. Oats. No. 2 white. 44@44Ac; No. mixed, 44c.
 BUTTER MARKET
 CHICAGO. Dec. 16.-Fins butter waa firuaL1n the market here today, although there was not great deal of buying in- terest on the street ee The % majority, or and dealers generally held for this. Un- der grades were quiet, but firmly held. Medium grades were hardest to move And in the buyers favor. Ninety score cars of centralized were firm at the below prices and in liberal supply Under-grade cars were half to one cent higher. but quiet. Fresh butter; 92 score. 6shc; sl score score. 451Ac; s7 score. 4tc; s6 score 4So Centralized car lots: 90 score, 4shcB ss score, 47lAc; sS score, 45c.
 FLAX MARKET DULUTH, Dec. 15.--Close, flax: De- oember and January, S2.44M; February. $245h: May. s2.39k.
The Birmingham age-herald., 1923-12-16
HrIRRARD BROS. & co.

Members New York Cotton Exchange New Orleans Cotton Exchange, New York Fro duce Exchange. Associated Members Liv- erpool Cotton Association. Orders solicited for tle purchase and sale of Cotton and
 Cotton Seed oil for future delivery. spe- cial attention and liberal terms given for oopsienments of spot cotton for delivery.
The Birmingham age-herald., 1923-12-16
COTTON SEED OIL

NEW YORK, Dec. 16.-Cotton seed oil was irregular, near position declining un- der January liquidation and local selling on the weakness in cotton and lard, while ing for southern long account. Closing bids were points lower to net higher for active months. Sales, 1000 barrels. Tenders nil. Prime crude, s.50c nominal i; prime summer yellow spot nominal. Janu- ary closed 11.o6c: March, 1152o; May, 11ROc-all hid.
The Birmingham age-herald., 1923-12-16
DRY GOODS

NEW YORK. Dec. 15.-Cotton goods were quiet today, with some casing in print cloths Purchases of special cloth for automobiles will reach S,00O,0OO yards of heavy drills, sateens, etc. Yarns were quiet and irregular. Raw silk was higher abroad. but unchanged here. Burlaps also were unchanged and firm. heavy weights being in demand. Linens were more ac- tive for holiday purposes
The Birmingham age-herald., 1923-12-16
Continuation Of Weend Profit 7akng GiUes Session Irregular
NEW YORK CURB

NEW YORK. Dec. 1b.-iFollowing Is the official list of transactions on the New York Curb Exchange, giving all stocks and bonds traded in:
The Birmingham age-herald., 1923-12-16
BOND MARKET
UNITED STATES BONDS

Readers should note that Liberty bonds are quoted in dollars and thirty seconds of dollars Instead of dollars and cents. numerator only.
The Birmingham age-herald., 1923-12-16
NEw oRLFANs CorroN rrrrIrRrs
PORT Moyrnyrrr

New Orleans; Mddling, s4c; receipts, 272 2433. Galvestont Middling. sssSo; receipts, 396 927. Mobile: Middiins. sa.Soo, receipts. 47o; stock, 11,S54.
 Savannah, Middling. s2sso; receipts. 2.727; exports. 45s; sales. 1s4; stock, Charleston: Receipts. 16e; stock sa,572. Wilmington: Middlins, s15o; receipts, 304; stock, 35,o54.
 Texas City: Stock. 1,47S.
 Norfolk: Middling. 32.sso; roceipts 1881; sales, 125; stock. 9s,162.
 Baltimore: Stock, 2,8S5
 Boston: Middling. $50: receipts <4s; stock. 5,40o
 Philadelphia; Stock, s,eT4
 New York: Mfddling. S4.s6o; receipts, 145; stock. 13o,237
 Minor ports; Stock, 3S66.
 Total today: Receipts, s1,os1; exports, s6,767; stock, 1,111,790.
 Total for week: Receipts, 31.o31; ex- ports. S6,767
 Total for season, Receipts 4.sss,1ss; ex- ports, 2.76s,b1o.
The Birmingham age-herald., 1923-12-16

GAI1V ION, Tex, Dec. 1b.--Cotton ending December 14, 1o2.o5s bales. Fx- ports during the week were t3.443 bales. Coastwise shipments 22517 bales.
The Birmingham age-herald., 1923-12-16
INTERIOR MOVEMENT

Houston: Middling, 3s.10c; receipts 1l.o5s; shipments. s.bs5i sales. S,649; s525 shipments. e.6so; sales. 800; stock 128,096.
 Augusta: Middling. sac; receipts. s46; shipments, DIT; sales, 1; stock, 51,621.
 St. Louis: Middling. S4.50c; receipts 4.2es; shipments, 4.2s1; stock, S.4a1.
 Atlanta; 32.75c.
 Little Rock: Middling. ss.2bc; receipts 1905 shipments. 1,674; sales. SAT; stock 44,640.
 Dallas: Middling. s2.45c; sales, s,ssf Montgomery: Middling, 3e.75o
 Total today: Receipts, 21,597; shipments, 23,1ST; stock, 63b,S35.
The Birmingham age-herald., 1923-12-16
HUBBARD BROS. Q co.

NEW YORK, Dec. 15.--tSpecial.) )-The market today was lower on the continued liquidation of speculative cotton bought after the bureau report of Wednesday, There was moderate trade demand suf- ficient to absorb this cotton at a mod crate decline but not sufficient to hold the market at last nights prices. There was little or no buying from Liverpool to- day and there Is talk of new short time in Manchester. which seems to have been a good deal upset by the unexpected re- suit of the British election. This coop Is SO short that there are no burdensome supplies and it is doubtful therefore if we see any permanent change in the mar ket. On the other hand, there is always a certain amount of liquidation before Christmas and over the end of the year and at these high prices fluctuations are so wide that this selling is considerable factor In the market. The weather in the meantime has been cold and stormy which may affect the next ginning re- turns, although 1t is putting a season in the ground. We should say that local sentiment is again bearish but the mar ket will respond quickly to any marked revival In trade buying.
The Birmingham age-herald., 1923-12-16
NEW YORK BONDS

NEW YORK, Dec. 1B.-Following arc today's high, low and closing prices of bonds on the New York Stock Exchange, and the total sales of each bond;
The Birmingham age-herald., 1923-12-16
NEW YORK STOCKS

NEW YORK, Dec. 16.-Following are today's sales, high, low and closing prices of stocks listed on the New York Stock Exchange:
The Birmingham age-herald., 1923-12-16
KAHN BROS. 6 VIRGIN

CHICAGO, Dec. 15.-wheat: There was selling early by locals. some of whom bought corn in exchange, and the market was easy. On the decline there was buy ing on resting orders and shorts covering resulting In a rally Volume of business not large and did not indicate any defi- nite trend. Cash demand good. Seaboard did not report any important business. Deliveries here on December contracts, 45,000 bushels. The wheat again demon strated sufficient support around $1.Os to absorb the offerings and cause mod crate upturn.
 Corn: Houses that have been active on selling side the past few days were again pressing and there was additional liqui- dation in December. which had de- pressing effect on the market. There was some buying by locals, some of whom were spreading in wheat, and commission houses had resting orders, which gave the market better tone. Cash prices half to l cent lower. deliveries 8 900 bushels. Weather favorable. There are many who believe May corn cought on a scaledown from present prices will prove good prop erty for long pull.
 Oats: Some liquidation by long holders. Commission houses took the offerlngs on resting orders, holding. prices within a narrow range. Cash prices steady.
 Provisions: Scattered selling by locals and commission houses. Undertone weak. Hogs steady; top, S7.25.-Fenner & Beane
The Birmingham age-herald., 1923-12-16
LIVERPOOL COTTON

IIa V FhFOUL VUTIUN
 LIVERPOOL. Dec. 15.--Cotton, spot dull; prices easier. Good middling 19. e4d; fully midd1ing, 19.54d: middling, 1S.99d; low middling. 17.90d; good ordinary, s6.98d ordinary, 16.49. Sales. 1000 bales including 1000 American. Receipts 17,00O bales. including 12.000 American. Futures closed barely steady: December, 19.45d; January, l9.4ld; March, 19.4od; May October. qf i5.7od December P'eSs Gss4j tGd i5aod