davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1923-04-11
Little Market Flashes

NEW YORK, April 1o-The highest price for raw sugar to be recorded here since the high levels of 1920 touched today. 57sc, cost and freight. The continued clos ing down of centrals In Cuba, showing an outturn below expectations, appeared to revive apprehension of shortage in sup plies. better inquiry also reported for refined sugar, accompanied by renewed buying of Cuban raws by European and nestle refners into the market and con siderable business was reported.
 WASHINGTON. April 1O.-President Harding has received informal assurance from the tariff commission that the new tariff law has had no effect on the price of sugar, and 1t was indicated at the White House today that the commission would confer with him on the subject some time during the week.
 GALVESTON, Tex, April 1o.-Probems connected with tho refining of petroleum will be discussed at the annual convention Of the Western Petroleum association. which opened three-day convention here today About POO delegates from all parts of the middle west are in attendance.
 NASHVILLE Tenn, April 1o.-At the annual meeting today of the stockholders of the Nashville. Chattanooga and St. Louis railway, the annual report showed S1.6S0.521. as compared with a deficit of assessor for 1921. Net investments for improvements on roadway and equipment were S71o,373,
 NEW YORK. April 10.-Stoclh olders of the Iron Products com poration and Central Foundry company today received letters outlining the plan of recapitallzation which Involves the formation of q new corpora tion to be called the Universal Pipe and Radiator company. The new corporation Is to have a capitalization of 20. 900 shares z per cent cumulative preferred stock of s1o0 par value and 1so.0oO shares common stock of no par value. and will take over directly the properties of Iron Products companies. The company will also become the holding company of the other subsidiaries of the Iron Producers corpora tion.
 NEW YORK. April 10.--A deficit of ss,s72,S90, after paving dividends of S1,500.0o0 on preferred stock. is reported by the International Paper company for the year ending December S1. 1922. This compares with a deficit in 1921 of ss.942- S9o, Presden. Dodge attributes the un- satisfactory showing to prolonged strikes failure Of the government to protect tho news print industry from attacks of com petitive countr.es and use of high priced wood contracted for al war prices. He says the company is now operating on profitable basis.
 LYNN, Mass, April 1o.--The General Electric company announced today that fl had Instructed the joint conference board at its local plant to consider a readjust- ment of wages on higher basis scale. The amount oe the proposed increase was not made known. About 10000 persons are employed at the shops in this city.
The Birmingham age-herald., 1923-04-11
DOREMUs. DANIEL q CO.

A. A. Housman Co.'S letter on stocks, | New York. April 1o.-The market was
 repetition of yesterdays except that the
 news of a large cut in California crude oil
 prices gave traders reason for selling the
 oils. the argument being that the Cali
 fornia cut might have bad effect upon
 and Producers and Refiners gave the most
 ground. but we think that both or these
 are purchases on such weakness. Outside
 activity in the oils was almost featureless
 The strong statistical position of raw sugar
 was emphasized The Cuban producing
 ngs this year. and of the Cuban com
 panies, Punta Alegre is as attractive as
 any. There was little disappointment | over the small increase in steel tonnage.
 but it was soon offset by the realization
 that the Steel corporation has been turn
 not not too late to buy Martin Parry.
 Roscoe Redwood Co.'S letter on cot | ton, by private wire to Doremus. Daniel
 NEW ORLEANS, April 1o.-while the cotton market was strong enough in the
 early trading today. under the influence of anot other good Liverpool, and on unfavorable
 opinion of the weather. the later trading
 brought rather marked easiness under l liquidation of the long interest induced, to | all appearances, by telegrams from Texas | indicating that planting had spread much
 people were aware of. In the early after,
 noon New York messages told of special
 little was added to the early steadiness
 pool and by reports rom both eastern | and western sections of the belt that Liv | erpool was trying to buy cotton. Galveston wired that Liverpool was in that market for the first time in six weeks. Augusta
 wired that both Liverpool and Bremen were bidding there. late cablegram from Liverpool said that the continent
 was again buying actual cotton. It was generally considered that too much rain i fell in the southern half of the belt over
 night. and that temperatures were too low
 In the northern half to allow the weather map to be called favorable. Again. the
 forecast called for decidedly mixed weather conditions.
 As the day progressed. however. mes in full progress on the black lands of south central Texas. while Texarkana
 wired that planting was making rapid pro
 gress in north Texas. Such messages were the foundation for the selling movement of the day.
 James F. Bennett & Co.'s letter on grain, | by private wire to Doremus, Daniel & Co. Wheat: The marekt the past day or so has developed an overbought condition,
 and the decline today was no more than natural reaction in bull market. The foreign markets were firm rule, and l there export business. The southwest situation has many bulish pos | abilities, especially as there pros- | poets for rain to bring along the backward we feel is going to be the labor situation. With the very late spring and no progress made so far in putting in spring wheat. we believe the acreage will be short, and | the crop under the handicap of late start. It is significant that the Steel cor | simply emphasizes how acute the labor l shortage is. It will affect the farmers at | seeding and planting time and also at | harvest time Washington reports indicate
The Birmingham age-herald., 1923-04-11
STEWARTR LETTER

BIRMINGHAM, April 10.-Liverpooi came over better than expected this morn ing. futures were II to 21 points higher than due with good sales of 5000 bales at an average of 1S points in their mid ding. Manchester cables continued opti- mistic, stating business good and traders In buying mood. Our markets opened 20 points above Mondays close on the higher cables, with Liverpool spot people and a leading New York commission house buy. ing, but it attracted no outside demand Of consequence, so prices were depressed, be, coming soft in the last hour on general selling furry in absence of any support The finals were about 30 points under the previous close. Spots were quiet and quo tations generally declined with futures. Further liquidation of May apparently by speculative longs helped the downward re action from the high. The map and fore cast none too good, and the tempera- lures continued cool. consumption rumor put the figure at 622,ooo bales. Fur ther advices from Texas were that unsold supplies are extremely small. The market Is likely to be a trading affair for the present with sales of the new crops on bulges looking the safest.-S. R. stewart S
The Birmingham age-herald., 1923-04-11
NET LOSSES ARE. GENERALLY SMALL DURING SESSION

NEW YORK, April 10.-Profession- - al bear operations were resumed in today's relatively dull stock market Virtually all sections of the list yield ed to selling pressure, but net losses generally were small.
 Additional wage increases In the steel industry. lower crude oil and gasoline prices in reflection of the enormous over production, and higher money rates furnished the necessary excuses for a free offering of recent speculative faVorites. While distri- button was apparent in several indi- vidual stocks, the comparatively small volue of sales was construed Rs an indication that forced liquida- tion was not very extensive.
 Oils as group was the hardest hit Losses of 1 to points were regis tered by California Petroleum. the Pan American issues, Marland. Pro- ducers and Refiners, Houston and Sinclair.
 Republic Steel was heavily bought just before the close on reports that current earnings were at the annual rate of more than Sl7 a share. the stocvk closing SIS points higher at %47s. United States Steel common and most of the Independent Steel issues closed fractionally lower. The rela- lively small increase of 11e.343 tons 1n the thrilled orders of the Steel corporation for March was explained by the fact that an unusually large volume of orders had been turned down during the month on account of oversold conditions. The produc- tion of steel ingets in March totalled S,402,00 gross tons, a new high rec ord for all time.
 Sugar shares were buoyant for a time In response to another increa se in the price of Cuban raw sugar to hSc pound, a new high record, but early gains were materially reduced or forfeited in the reaction. Cerro De Pasco Copper. which announced d resumption of dividend payments of $1 quarterly, improved fractionally, but the other coppers were heavy. In- ternationsl Paper dropped l h points on publication of poor 1922 earnings report.
 Call money opened at per cent and then advanced to 6h per cent Few loans were reported In the time money market, which appeared to be deadlocked with brokers bidding 5N per cent and bankers holding out for b1a for all maturities. Commercial paper was fairly active with prime names commanding 515A per cent.
 Foreign exchange rates were gen. orally lower. Demand sterling dropped about cent in the early trading, but rallied to S465h, yes terdays closing price. French francs dropped 121s points to 6.6o cents. The Italian, Belgian and Dutch rates also showed slight losses.
 Days total sales, 7S6.o00 shares.
 Twenty industrials averaged 101.S6. net loss, .25. High, 1923, 1053S; low, e696.
 Twenty railroads averaged s6.4s; net loss. 10. High. 1923 90.63; low, S4.5S.
The Birmingham age-herald., 1923-04-11
FOREIGN BONDS
COFFEE MARKET
(On Stock Exchange

NEW YORK, April lo.-Coffee futures were weak and unsettled today owing to near months liquidation and reports of slightly lower firm offers from Brazil. The Rio futures market was higher. but Rio exchange was easier. and the market here opened to IS points net lower. There was very little demand and May broke to g. 15c. or 67 points net lower July sold off to S.6sc, or 5s points net lower, with later months showing net losses of 19 to 46 points al the lowest. The market closed l4 to 60 points net lower. Estimated sales. 8o,000 bags. Closing: April 9.32c, May 922c. July s.s0c. September s3c, De cember 8 1oc. March s.26c.
 Spot coffee dull and nominal; Rio 7s, II hc; Santos As, Q15Ac. No fresh of ferings were reported from Rio and only a few Santos, which were about I.Q14 c lower. Victoria Is and Ss were quoted at 11.20c, American credit.
 The official cables showed an advance of 70 reis in the dollar buying rate with a decline of 32d in the Rio exchange on London. The Rio marekt was 50 to 200 reis higher. but Santos unchanged to 115 reis lower Santos cleared 3S100 bags for New Orleans Brazilian port receipts, 14,- 900; Jundiahy receipts, 4,000
The Birmingham age-herald., 1923-04-11
Reduced Rates On Oil

WASHINGTON, April 1o.-Railroads serving Houston, San Antonio. Dallas and sherman, Tex. were ordered today by the interstate commerce commission, to put into effect on June reductions in all rates peanut and cotton seed oils.
 The measure of the reductions was fixed by a requirement that after June rates from Memphis territory to the four Texas cities be. limited ot 47.5 cents per 100 pounds; from St. Louis territory. 69 5c per 100 pounds; from Nashville territory, 65c, and from Macon territory 6Sc. It was fur ther provided that 10 per cent should be taken from these assigned maximums to make them conform with the general rate situation. in view of the general freight rate reduction of July l. 1922.
 From producing points in Arkansas and Louisiana to the four Texas cities the rail roads also required to make core spending reductions which would give pro portionate charge considering the situ- stion that would arise after the reductions from Memphis, St. Louis and other points.
The Birmingham age-herald., 1923-04-11
Hubbard Bros. & Go.

Members New York Stock Exchange. New Orleans Cotton Exchange. New York Pro- duce Exchange, Associated Members Liverpool Cotton Association. Orders icited for the purchase and sale of Cotton and Cotton Seed Oil for future delivery. Special attention and liberal terms given for consignment of spot cotton for de- livery.
The Birmingham age-herald., 1923-04-11
Told by Priuate Wires
urRRARD.S LETTER

NEW YORK, April 10.-tSpecial .)-The Liverpool market was better than due this morning with spot sales amounting to 5000 bales Our opening was up from yes terday's close. with Liverpool good buyer and with profit-taking by commission houses and local interests. The spot ad- vices that we have been receivtn are fav. orable and the weather map is not at all promising. We believe preparations for inc new crop will be retarded still further. However. the market acts as if it needs some stimulant to cause further ad- vance and temporarily the market may drift trife, but in due time we expect the market to advance.
 Futures in Liverpool are due tomorrow as follows: May 15.45d, July Is. 26d.- Hubbard Bros &, Co,
The Birmingham age-herald., 1923-04-11

CHICAGO, April 10.-Armour Of Dela- ware. 9s1a Armour preferred, s1iz com monwealth Edison. 129h Diamond Match. 115; Libby McNeill. !; Middlewest Utili- ties. 46i2 National Leather, :; Standard Gas. So!. Swift X Co, 1o5; Swift Interna- tiona 1S2 Union Carbide, 61G United ting. 7t. Yellow Manufacturing B, 2ss; Yellow Taxi, Sb7t
The Birmingham age-herald., 1923-04-11
CrTIrs SERVICE QUOTATIONS
Steel Waves Aduance

YOUNGSTOWN, O.. April 1o.-Indepen- dent steel companies of the Youngstown district today followed the lead of the United States Steel corporation in raising wages approximately II per cent. An nouncements of the increase were made by the Youngstown Sheet and Tube com pany, Republic Iron and Steel, Trumbull Steel company and sharon Steel Hoop company. The four concerns employ about 40.00o workers
 LONDON MONEY
 LONDON. April 10--Bar silver. 31 11-16d per ounce; money, 2h per cent: discount rates short bills. 7s G2is per cent: three months bills. 2A 42s per cent.
The Birmingham age-herald., 1923-04-11
Professional Bear Operations Are Resumed On Reaue D S
NEW YORK CURB

NEW YORK, April 1o.-Following is the official list of transactions on the New York Curb Exchange, giving all stocks and bonds traded in:
The Birmingham age-herald., 1923-04-11
MONEY QUOTATIONS

NEW YORK, April 10.-CalI money firmcr; high 5h. low, 5. ruling. rate B.. closing bid 6is. offered at 6%. last loan 5h, call loans against acceptances 4h time loans firm. mixed collateral 60-90 days 6h, six months 5is. Prime commer- cial paper, 69bh
The Birmingham age-herald., 1923-04-11
NEW YORK BONDS

NEW YORK. April 1o,-Following are today's high. low and closing prices of bonds the New York Stock Exchange and the total sales of each bond
 Railway and Miscellaneous
The Birmingham age-herald., 1923-04-11
NEW YORK STOCKS

NEW YORK, April 1o.-Folowtng are todsy's sales, high, low and closing prices of stocks listed on the New York Stock Exchange:
The Birmingham age-herald., 1923-04-11
STEEL QUOTATIONS

NEW YORK. April 1o.-steel prices, f. O. b. Pittsburg. per 100 pounds: Blue an. healed sheets. 3.26@3.50; galvanized hars 3b6D3,
The Birmingham age-herald., 1923-04-11
METAL MARKET

NEW YORK, April 1o.-Copper steady; electrolytic spot and futures. 17H Q17a,c. Tin easier: spot and nearby. 46 62c; flu lures, 46 15c Iron steady and unchanged. Lead steady; spot, S.25c. Zinc steady; East St. Louis. spot and nearby delivery, ' .45c. Antimony spot, 860qS. .75c.
The Birmingham age-herald., 1923-04-11
SUGAR MARKET

NEW YORK, April 10.-Raw sugar con tnued its upward movement today, and new high records for the season and since the year 1920 were established, with Cuban raw selling at 6hc, cost and freight, equal to 66 for centrifugal. There were sales of l25.oo0 bags of Cubas for April and May shipment, 6O.00O bags of Porto Rico and 42 300 bags of Philippine Islands to local and outport refiners and operators,
 Raw sugar futures were firmer during the early operations on renewed buying. Prices al one time showed advances of 6 to points, but offerings increased and reactions of half dozen points followed, with final prices points higher to 2 net lower on active positions. Closing: May 5.slc. July 6.14c, September 6 29c. De- cember o.. 97c.
 Refined unchanged to 5 points higher with fine granulated now quoted at 92O0 9.25c. The demand was active. Refined futures nominal
The Birmingham age-herald., 1923-04-11
FOREIGN EXCHANGES

NEW YORK, April 1o.-Foreign ex- changes easy; quotations ia cents: Great Britain. demand 4.6516 cables 465s. 60 day bills on banks 4.63Ss. France de mand 6.60, cables s. 6.60ia. Italy, 496H and 4.96A. Belgium. 5.70 and 57055
 Germany, 0047a and .Oo47a. Holland, .Q7 and Ss 10. Norway 17.72. Sweden
The Birmingham age-herald., 1923-04-11

Cloudy Tuesday night and Wed nesday from effects of rain in South Alabama was forecast for Birming- ham and vicinity by Observer Horton. Not much change in temperature Is expected.
The Birmingham age-herald., 1923-04-11
CHICAGO STOCKS

EAoI Sf. LOUIS, Ill.,. April 1o.-Horses SSteauy 10 strong; mules barely steady. QuStations unchanged.
The Birmingham age-herald., 1923-04-11
CHICAGO VEGETABLES

changed U'- C'e e.y weaker; Florida 10 pound crates, ? 5o: dozen. sl 75Q2: 2h-S dozen s2.SS. French strain, 4-6 dozen mostly s2 25: $ dozen, s1 eoq 75; lA3 dozen s2Q225. fancy, $4. 50d5 few, s5 50; fair s3Q3.50. @3.
 Spinach unchanged.
 Strawberries steady; few sales Louisiana "A pint crates, klondykes good. 450Q5;
 Cabbage firm for good stock; Alabama Louisiana barrel crates, flat medium mostly 70; poor leafy.. large, ss@3.50.
 Auction Monday; Florida grapefruit brights, B 15 Q4. 20; goldens, s2 7504 20; russets, s2. 6o. Florida oranges. brights $2. s0Q6. .lb. Goldens, s2.56G5S S5. Rus sets, s4 50@5.35.,
The Birmingham age-herald., 1923-04-11
FLAX SEEI

DULUTH, Minn.. April 10.-Closing flax seed May s3. 1872 bid, July s3.osh bid.
The Birmingham age-herald., 1923-04-11
POTATOES

CHICAGO. April 1o.-Potatoes slightly stronger; receipts, 75 cars; total United whites. sl q 10 cwt.; few s1.l5 cwt. :; bulk. $1 109 .l6 cwt.: Minnesota sacked Red River Ohios, sl.15a1.25 ewt; frozen. s76 cwt.; Nebraska sacked whites poor
 hollow, $75c@sl cwt.; Colorado sacked Brown Beauties, $l.25 cwt.: Montana sacked Rnssets, 70 cwt.; Idaho sacked
The Birmingham age-herald., 1923-04-11
CLOUDY WEDNESDAY

FOREIGN SILVER NEW YORK, April 1o.-Foreign bar silver, 64Ac. Mexican dollars. 49&c.
The Birmingham age-herald., 1923-04-11
HORSEs AND MILES

NEW YORK. April 1O.-Raw silk un- changed.
The Birmingham age-herald., 1923-04-11
RICE MARKET

NEW ORLEANS April 10.-Rough rice firm; sales none; millers' receipts 4O95 sacks: clean rice quiet; sales, 73O pock cts Blue Rose, 4c; 163 pockets screenings. 2Nc.. Receipts, 6,O69 pockets. Bran and polish unchanged
The Birmingham age-herald., 1923-04-11
NAVAL STORES

SAVANNAH, Ga, April lO.-Turpentine steady. $1. 5o@1 5l; sales. 200; receipts, 267; shipments. 12; stock. 1909. Rosin firm; sales. SS1; receipts, 932; shipments. 1,o616' st2ck, 56,421. Quote II to I,
 4. s5; K. $: o5: NJ. s5.10; N. s5 90; VIC, $5.62h wv, Sc. 6O -
The Birmingham age-herald., 1923-04-11

Total sales of bonds today were S9o39 900, compared with $l1,397.000 previous day and Sl7,740000 year ago.
The Birmingham age-herald., 1923-04-11

WASHINGTON. April 1O.-President Harding has received informal assurance from the tariff commission that the new tariff law has had no effect on the price of sugar, and 1t was indicated at the White House today that the commission would confer with him on the subject some time during the week.
The Birmingham age-herald., 1923-04-11

GALVESTON, Tex, April 1o-Problems connected with tho refining of petroleum will be discussed at the annual convention Of the Western Petroleum association. which opened three-day convention here today About POO delegates from all parts of the middle west are in attendance.
The Penn's Grove record., 1923-05-11
HIGH SCHOOL TRACT RACES

The South Jersey High School tract
field meet will be held at Ceilings
wood, Saturday afternoon, 26th.
Eighteen schools are to have entries
in the meet, which is expected to be
the largest ever conducted in the lower
end of the State. More than 300 ath-
letes will compete.
The schools entered are Atlantic
City, Bridgeton, Bordentown, Camden,
Camden Catholic, Collingswood, Clay
ton, Cape May, Glassboro, Millville,
Moorestown, Penns Grove, Pleasant
vile. Princeton, Nineland, Woodbury.,
Wildwood and Burlington.
A one-mile relay will be the feature
event. The program also includes
1OO-yard dash, 220-yard dash, 440-
yard dash, 880-yard run, running
broad jump. running high jump, shot
put and pole vault.
Under a special ruling of the State
Scholastic Association, no athlete OF
any school may participate in more
than two track and n field event, OF
in w field and one track event, but
participation in the relay race is moi
construed as an event in the ruling.
One or two athletes from one school
may enter the same event.
The meet is to be conducted by
Collingswood High School. Entire:
will close May IS.
The Penn's Grove record., 1923-05-11
Penns Grove Shad Fishermen

The old residenters who drift shad
nets to catch the silvery shad this
year in the Delaware river are as fol-
lows:
John T. R. Doc) Dolbow and How
ard Raine.
Claude Ward and Jonathan Dolbow.
Jonas c. Raine and George Birming-
Walter Raine and Benz. Whitesell.
John c. Simkins and Lewis
Strengthen.
Wilbur H, Sparks and Harry White
sell.
John and David Stanton.
Charles Roberts and Carlton Phil
lips.
Edward Justice and Harry Shape.
A. Lee Layton and Warner ShuItz'
William Vanderslice and Joseph
Harry Pickens and Alvin Mills.
William Gibbs and James SInonS-
Joseph Strengthen and Samuel
Straughen. Jr., at P~edricktoWn
Clarence Smith and Joseph Wander
William Shafer. who fshed for shad
the past several Years, is oeTotlhg
this season to catching catfish.
Doc Dolbow is =. the oldest -Sher-
man in Penns Grove. He resides at
the Cove and has been fshigg since
he was y years old. making 60
springs he has caught ~had 12 the
Delaware river.
John c. Simkins has been working
at the Powder Mills and has not aSAe"
.Tosenb Curriden has been at the
Powder Mills for 10 years, but EaI'f1l-
ed to the river this spring to rene"
his lnek.-
The Penn's Grove record., 1923-05-11

We, therefore, recommend that the
County Supervisor be instructed to
maintain this road to the best of his
ability. We further recommend that
such portions as need r~esurfacing be
resurfaced at once. We also recon-
mend that a supply of cinders be pro-
cured III the fall and distributed along
the road so that they may be avail
able during the winter.
Should the S2,5OO.00 set apart in
the schedule for this road from Pole
Tavern to Elmer, prove insufficient.
we recommend that a sufficient sum
be added thereto from the funds set
apart for other roads.
Pedricktown-Peachey Corner Road
CarlFs Corner Road
We asked the State Highway Com
mission for assistance for the paving
of these roads. They informed Us
that they had no funds available for
1928, and that they were unable to
handle the projects for 1924 at the
present time.