davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1923-07-29
INDUSTRIALS ARE HARD HIT, SCORE
 MAKING NEW LOW

NETT YORK, July 2s.-Heavy liqui- dation by tired and discouraged hold CTS of long stocks, particularly oil .shares, and a renewal of yesterdays f short selling brought about another "sharp reaction in prices in today's stock market. Inlustrials were she hardest hit, the average of 20 lead- Ing Issues dropping more than one point to a new low record for the year. Ral!s offered better resist snoe to selling pressure, recess!ons as rule being limited to fractions. Reports from Chicago that Midwest , .9rn Reftners were preparing to shut sHewn their plants for the month of |. August inspired the selling of the . oils. Houston and the Pan-Amerlcan : Issues each yielding about three 4 points on the day while Marland, ; Sinclair Cosden. Producers and Re- liners Royal Dutch and the Standard oil issues showed net losses ranging from small fractions to h points Much of the stock thrown Into the j, market today was purchased to 10 7 points above present quotations.
 Establishment of new lows for the a tyear by such pivotal stocks as United s States Steel at ss% and Baldwin at ., 512Ik also attracted considerable at rtention.
 Speculative fear of political dis- turbances in Germany, the declining tendency of some of the principal commodity prices, and the uncertain Atty of the trend of fall business also Influenced today's selling. Fv'r Liquidation of the hard coal car riers such as Lehigh Valley, Reading Ii and Deleware and Hudson. all of kwhich dropped point or more and iShe direct result of the breaking off Inf wage negotiations by the confer xftce of operators and union miners
 Foreign exchange rates were re- actionary. Demand sterling dropped about a cent to S4.5S. French francs receded three points to 5.sS cents and the Belgian, Italian and Dutch quo- tations also registered recessions. German marks showed moderate im- provement, again gettlng apoVe the .00O1 cent mark.
 The weekly clearing house state uent showed 8 contraction of 25,03s,- 900 in loans, discounts and invest ments, decrease of S4S0,000 in the reserve of member banks in the Fed eral Reserve bank and decreases of 944e46000 in the net demand de- posits and s15,202,000 in time deposit Aggregate reserve told $520,9S9, 900 leaving excess reserve of $2S,685,31O, an increase of S6,426,000 over the previous week.
 Total stock sales 373,600 shares.
 Twnty industrials averaged S7.33. net loss 1.04
 High 1923, 105.3S; low s7.3S.
 Twenty railroads averaged 77.40 net loss 72.
 High 1892, So.e8; low Ts.s6.
The Birmingham age-herald., 1923-07-29
NEW YORK, July es.-Live and dressed poultry steady. prices unchanged
DRY GOODS MARKET

NEW YORK. July 2s.--Dry goods mar kets made more progress toward an ao- tive demand in the past week owing to the many low priced percales and slns- hams attracted more attention from buy ers Other cotton also were bought. YSrns continued irregular. but some fair siSed sales at low prices were reported. Dress goods openings are continuing and large lines will be opened on Tuesday. orders for spring mems wear. Low raw silk prices gave silk manufacturers more encouragement. Linens were quiet. Jute erately,
The Birmingham age-herald., 1923-07-29

as far north as Austin. Scores of points every day now gin the first bales from the new crop and receipts in Texas are swell ing. Houston wired that the interior of the state was offering freely.
 The outlook seems to be for further scattered showers in Texas. but not for general rains, and quite probably this will be all the better for the Texas crop, for It Is safe to say that 1t would take only three. or four days of showeyy weather to bring out even more sensational claims of crop deterioration than have been heard as the result of drouth.
 Weekend reviews of general trade in ditions in the textile industry, again were disappointing. Further curtail- ment of production is@noted among the cotton mills. Reports from abroad show no improvement. and the trade Is begin ming to inquire to who will take care of the August receipts in Texas which threaten to be very large. Under the cir ccumstances 1t looks like declining mar ket. with upturns every now and then. tho short side.-Doremus. Daniel & Go.
The Birmingham age-herald., 1923-07-29
Ouer Priuafe Wires
HUBBARD's LETTER

NEW YORK, July 2S.-The weather map stations in Texas and later on private reports showed some further rains In Sher- man, showers in Gainesville and Fort Worth. This caused renewed selling in our market which put October to around 2lc. In addition to this. New Orleans and the south sold rather heavily. There was considerable short covering in evi- dence and rather largo quantities of oot- ton were bought by various brokers, keep ing the market well in check few minutes before the close there was some local short covering which caused a slig ht recovery, but prices were down some 30 points from previous close. Everything practically hinges whether we will get rains in Texas or not.
 Futures in Liverpool are due on Monday: october II .97d, January Il 1.54c.-Hubbard Broa. S Co.
The Birmingham age-herald., 1923-07-29
Hubbard Bros. & Co.

Members New York Cotton Exchange, New orisans Cotton Exchange, New York Produce Exchange, Associated Members Liverpool Cotton Association. Or ders solicited for the purchase and sale of Cotton and Cotton Seed oil for future delivery. Special attention and liberal terms given for eonsisnusnts of spse cot- ton for delivery.
The Birmingham age-herald., 1923-07-29

1hfH-N-1h. VI Y 1nU', 1uIy Ld.-Duttor, eggs, poultry and potatoes unchanged.
 CHICAGO, July 2s.--Butter higher; creamery extras, 40c; standards, 4oc; extra firsts, Ss@ 3sc; firsts sec 37c seconds 341a e a6c. Eggs unchanged; receipts, 1S6 eases.
 NEW YORK. July ss.-Butter steady: receipts. 8,561. Eggs firm; receipts, 11s4l; {; New Jersey hennery whites, locally select APO, ,292 pounds.
 NEW YORK, July 2s.-Produoe articles unch anged.
 CHICAGO. July s3.-Poultry. alive un- changed.
 NEW YORK, July es.-Live and dressed poultry steady. prices unchanged
 ST. LOUIS. July 2s.-Poultry: springa s1c; others unchanged. Eggs. 23c. But ter, 41c..
The Birmingham age-herald., 1923-07-29
a 1892, So.ss; low 7s.s6.
FOREIGN EXCHANGE

easy. Quotations in cents; Great sritain. demand 4 ,6s cables 4:6s so-day ,.n StiIs ftaly. 4 Ss and 4.37. Belgium, %.sS and 4sSh. Germany. .0oo11 and .ooe1i2 Holland, 3B. 3s and s9.41. Norway. 16 -2l Sweden, 26 .63M. Denmark. 1T.se. Switser- land, II 83. Spain. 14.2e. Greece. 3:o2. Pc land, ,IoooSh. CEeoho, ,siovakia' Z; ;ss: Avs S3.so. Brazil. 10 36. Montreal. STA.
The Birmingham age-herald., 1923-07-29
STEWART'S LETTER

BIRMINGHAM, July 2S.-Cotton lost an additional 35 to 45 points during the short session today continued selling, due to rains in several points in Texas where badly needed. The initial prices were 15 to 25 points lower than Fridays close. and was under pressure the most of the day. The finals were near the sea- sons low. Spots were quiet and quota tions were 35 to 100 points down. Sales at Texas points continued large, Houston and Galveston selling alone yesterday l1,00o bales. indicating the anxiety of Texas spot houses to make sales at this level which is one of the most bearish features the market Is now undergoing. Worth street was quieter than the first part of the week and Fall River remains report shows an improvement in Alabama in Louisiana. Forecast for eastern Texas unsettled probably scattered thunder showers: western Texas and Oklahoma fair; all other cotton states local showers. Southern Products company condition 6s.2. against 69.1 in June. indicating a crop yield of '11.726,ooo bales. Outside of rains in Texas there was no other partic- ular cotton news. Stocks and grain were again weak, which helps the bearish in fluence in cotton. Sentiment In cotton was much confused. many thinking the decline had gone too far and too fast but others saw little hope for the market unless something very bullish comes along. However. on a further break Monday, buy ing should take place if for nothing more than a scalping rally. Liverpool is duo 46 points down on October Monday morn ing.-R 8. Stewart & Co.
The Birmingham age-herald., 1923-07-29
And Short Selling Bring Reaction Stock Market Prices
NEW YORK BONDS

NEW YORK. July 2s--yollowlnG arc todays nigh. low and closing prices of boBds on the New York Stock Exchange, and the totsl salos of sach bond:
 Railway and Miscellaneous
The Birmingham age-herald., 1923-07-29
CHICAGO STOCKS

CHICAGO, July 28.-Armour preferred Nhc; Commonwealth Edison. 12s; Libby McNeil, 6h National Leather, Sh Stand ternational. 1sA: Union Carbide, 6sN :; Wahl. A; Western Knitting, 3h; Yellow Manufacturing B, 243; Yellow Taxi, sO1s
The Birmingham age-herald., 1923-07-29

CHICAGO, July 2S.-Buyers needs for today were not large, but the butter mar ke+ here today continued firm. Fine but C. score sold at premiums of A a hc. There was not notable change in the con q ion of the market for lower scores but moving them. Ninety score of the cen tralized lot were also very firm, with some cars like the miscellaneous lots were a little harder to sell at the below prices:
 Fresh butter: 92 score 40c, sl score SEC; score 34iac.
 Centralized car lots: 30 score 4o1ac. ss score 3Shc, S8 score S7c.
The Birmingham age-herald., 1923-07-29
BOND MARKET
UNITED STATES BONDS

IUn StOCk EXehnngoI Readers should note that Liberty bonds arc quoted in dollars and thirty seconds of dollars instead of dollars and cents The fractions designated by giving the numerator only.
The Birmingham age-herald., 1923-07-29
NEW YORK STOCKS

NEW YORK. July as.---Fol'owing are today's sales, high. low and closing prices of stocks listed on the New York Stock Exchange:
The Birmingham age-herald., 1923-07-29
C..,cAcO vEGETABIEs

CHICAGO, July 28.-WatermeIone weak! Texas and Georgia, IS to 35 pound bulk per car, $200 @47b.
 Peaches and tomatoes steady. changed. .
 onions: Kentucky skinned yellows. S2 Q 2 50.
 Cucumbers weak: Illinois Climax, basket, bO@60c; Delaware, Maryland, bushe hampers, S1. 50 Q l. 75.
The Birmingham age-herald., 1923-07-29
Butter Shows Sharp Aduances Last Week

CHICAGO. July 2s.-Reports of de- creased production in butter sent the market sharply higher during the week. The reaction started at the end of last week coincident with re- ports that hot dry weather over many producing sections was caus- ing a decrease in tho mako. Con- firmation came later from many large creameries that production this week showed & decrease of approxi- niately 10 DOT cent over the previous week. Advance of foreign products aided in domestic prices. Wholesale prices on 92 score showed an advance from 3s cents at Chicago on July 20 to 3sh cents on July 2; at New York from 8s to All cents on the same date; at Boston, s9 to 41, and at Philadelphia 39h to 42 cents.
The Birmingham age-herald., 1923-07-29
NEW YORK CURB

NEW YORK. July 2s--Followins is the official list of transactions on the New York Curb Exchange, giving all stocks and bonds traded in:
The Birmingham age-herald., 1923-07-29
r0NDON MONEY
RAR SEWER

LONDON July 2S.-Bar silver, 30 lb-1sd per ounce. Money, 1B per cent: discount rates, short bills, per cent; months bills 3b per cent.
The Birmingham age-herald., 1923-07-29

New Orleans daily letter on cotton by private wire to Doremus Daniel X Co.,:
 NEW ORLEANS. July 2s.-scattered heavy here and there. and apparently reaching up into northern Oklahoma were back of most of the selling in cotton to- day. Hedge offerings were in considerable volume. which was not to be wondered a with TexaB messages reporting new bales
The Birmingham age-herald., 1923-07-29
LOCAL SECURITIES
STATE AND MUN1CIUAL BONDS

Bid. Ask Alabama SAs 1858 .......... ss s7 Alabama As, lSb8 ............ s3 DO Alabama 4s 193o-35. 4.25 504.l4o basis. City of Birmingham, 46o O 500 basis. Jefferson county. 4.50 0Q6.00 basis. Jefferson county warrants 6.2595.2s basis
The Birmingham age-herald., 1923-07-29
COTTON SEED OIL

NEW YORK, July 2S,-cotton ,eed o, was heavy. due to general liquidation in duced by the weakness in lard. cotton and low and represented losses of i2 to IF points for active months Tenders of i. 300 barrels were made on August contracts but the same were promptly stopped and had little effect marketwise. Sales, e6o0 barrels; prime crude nominal primo sum mer yellow spot, 9.50Q1o. .25; Septemb.r bid.
 STEEL
The Birmingham age-herald., 1923-07-29
POTATOES

CHICAGO, July 2S.-Potatoes sIlghtIy weaker; receipts, 53 cars; total United States shipments. 54s Kansas sacked Cob Ohios, partly graded, s1.6o@1.75 cwt.; graded, s1 90 cwt.; Virginia barrel Cob blers, S5. 25.
The Birmingham age-herald., 1923-07-29
NAVAL STORES

NAVAL BTOKES
 SAVANNAH, Ga. July 2s.-Turpentine firm: s2c: Safes, i4l receipts, e4s; ship LOTT; receipts, a,soe; shipments 104 stock. 5S,s7s. Quote: to M s4.75G 4.S0; N, S4.s7M; WG, $5.4 20; wv, $b. .40
The Birmingham age-herald., 1923-07-29
MISCELLANEOUS BONDS
FLANK STOCKS
,TrsCrIr,ANrOyrs sTOCKs

INSURANCE STOCKS Ala. Nat. Life (par 10) .... 14 Pro. Life Ins. (par 10) ....... 90
The Birmingham age-herald., 1923-07-29
FIAy SEED

DULUTH, Mnn., July 2s.-Close: Flax. July s266, September $2.37, October B. 2sA November s2 2SA.
The Birmingham age-herald., 1923-07-29
RITTER MARKET

NEW YORK, July 2S.-Bar slIver, 6Xsc Mexican dollars, TAO.
The Birmingham age-herald., 1923-07-29
POULTRY AND PRODUCE

KANSAS CITY, Mo-. July 28.-Dutter egss, poultry and potatoea unchanged.
The Birmingham age-herald., 1923-07-29

STEEL NEW YORK. July 2s.--Stesi unoh ana.d
The Birmingham age-herald., 1923-07-29
DOREMUs. DANIEL 4 Co.

Chicago daily grain letter. by private wire to Doremus. Daniel & Co.,:
 CHICAGO. July 2s.-Wheat sagged un- der pressure of winter wheat offerings, &C., companied by inadequate support, and there was some indications of fatigue on the part of previous holders. public sympathetic with the plight of tho wheat farmer fails to express sympathy in terms of buying orders Every bullish factor is either minimized sor disregarded entirely. With such farm feeding of wheat as will occur if present conditions continue, and with such curtailment of winter wheat acreage will be noted later in the crop year, the situation will find It's remedy. It 10 interesting to note that oil produc- ers rather than give the public any bene- fit of overproduction. are agreeing to close down.
 The corn market acts healthy with old crop months retaining their strength be- cause of light supplies at terminal mar kets, while new crop prices have been shaded somewhat because of recent gen eral. though light. rains throughout the main belt. As present prices reflect only about 500 to the farmer for new corn In Illinois and about 45c in Iowa. but there is likely to be no less feeding planned for than has occurred this year. Prices of the farmers 1923 output are below values.
The Birmingham age-herald., 1923-07-29

NEW YORK, July 2s.--New low marks for the year were registered for another group of leading stocks today, and there further liquidation and professional bear selling. The rails, oils and stesls were under pressure throughout the short different demand in spite of the fact that bargain prices appeared to be offered for consideration. The bankrupt state of Germany indicated by the fall of the mark virtually to the vanishing point has nat urally affected the foreign situation ad- versely and incidentally 1t has had . de- pressing effect on all the speculative mar kets of America. Prices for stocks are now quite low. but there seems to be no general demand sufficient to cause more than temporary rallies.
The Birmingham age-herald., 1923-07-29

NEW YORK. July 2s.-Produoe articles unch anged.
The Birmingham age-herald., 1923-07-29

NEW YORK. July 2s.--Cattie: Receipts. lse; no trading; Calves; receipts, 600 {; Sheep and lambs: Receipts. $50; irregu- lar, sheeg,r 's5G a;S9 culls, s2@s:
 Hogs: Receipts. 1900; no trading Feel for medium weights;' pigs and heavy hogs. fS.25@S.40; roughs. $5.60@60o.
Evening journal., 1923-02-14
HE'S QUEER

CIR CHARLES HIGHAM. English statesman, says
~ Great Britain cannot pay IN goid and suggests
solution of the problem the interchange of goods
and the absorption by America OF the 100000 surplus
OF skilled workers in England He also suggests that
the business men of the countries get around the
table and arrange let England manufacture the tex
tiles for the two countries while American manufac
lures the automobiles IT am one OF who believe
that Henry Ford right" he declares when he said
the other day that it all the gold in the world were
dumped into the ocean the world would along just
as we'll"
Sig IIigham's views are queer to be taken seri-
ously This country has been hugely RECALLED during
the mast two or three years by chautauquas and vaude-
Williams from Europe advising how to run our
affairs and attempting to us with humor OF the
British brand Hgham provides comedy sketch
Juet what does he imagine the textile interests OF New
England and the South and those developing on
the Pacific Coast would to about his susges-
ton should # reach the state OF discussion around
the table? When did the people OF this country ever
authorize its representatives and executives to snuff out
any industry that another might profit thereby
To MANY Delawareans the Hlgham idea resembles
the silly arguments that made few months back
IN favor Of bartering tariff by which one American
industry was to be rendered the prey OF foreign COM
netting industry in order that other American In
dustry might be enabled dispose OF its products In
the territory the party OF the second part on free
trade or low duty basis That was the theorists Idea
Of perfect tar-to betray industry in order that
another might receive the thirty pieces of silver 1t is
not the American idea
In trade as in the days following the Declaration OF
independence, we must bear Franklin's admontOn in
mind-"ar hang together we will all hang sepa-
rately." As for the views OF Higham and Henry re-
specting gold latter least is extremely careful
that none his is endangered and since the bulk
of the gold Is in hands OF the United States at
nresent England would indeed be about well off II
it were sunk IN the sea. preferably no doubt within
the British three-mile limit
Evening journal., 1923-02-14
*. @. SISTERS xoNvAnnsorNa

II c. M1zzoo and her sister, X. c, Kansas, just
IA have undergone physical examination Check
ing up the results tho cities discover that their fac
tories showed output 1924 1s2i' OF
s5s,ooeos. the total for 1922 bens sb4oooo'ooo
Wholesale houses showed total output OF 'eb7ooo-
900, increase OF per cent Building permits IN
creased 44 per cent; freight collections reached neary
$50 O0O increase OF s110ooOoo In the race
rate reductions. The value OF livestock handled
at the stock yards ,224, 0.oOs incrsAse OF
sss 900 Ooo number OF head, 7,25l,5ss in 1924 ana
$4,000 1921. Bank cearings amounted to almost
ST. 900 900; postooe receipts increased 115 per
cent? the number Of pieces OF mail matter handled In
creased nearly "a per cent.
IAN OF these figures" declares the Kansas City
Chamber OF Commerce. would indicate good volume
OF business transacted during the year great many
firms have reported the last months a big improve
the first six months and with indications for
1923 promising very material increase all along the
line"
1t seems evident that Republican vtamines have ac-
complshed considerable the two X c. sisters in
ker The Republican remedies put It all over Doctor
Wilson's nostrums and Gibbs McAdoo's piacebos.
These testimonials unsolicited and they will be
used connection with those OF 1923 in the 1924 cam
paign It that Republican treatment necessi-
tated little surgery TO the OF socialism
the galistones OF too much government in business
the patients have convaesced nicely and they are
strongly advised TO continue under the care or inc
Ia. o. P
It in Kansas that the late Champ Clark bumped
up against brief statement of fact that knocked him
off the political stump. Champ related he had been
campaigning for William Jennings Bryan back in the
days before the country had become Injured Brans
candidacy He had been picturins the dismal outlook
OF continued Republican rule when lanky individual
arose and bawled out;
YES Champ. but we're gettn' cents the
hoof for beef crttsrs!"
Champ said he found himself completely squefehod
by that statement.
The fall elections may have shown that reaction
which follows nearly all great political victories; they
may have betrayed which inherent In
man. But when. in 1924 the people Of Kansas City
and of the country. including Wilmington
are exchange realities for visions substance
for shadow they will quite likely decide that the RE-
publican party Is good enough for them.
Evening journal., 1923-02-14
The Debt Dodgers of Germany
(FrOm the New York TribuneJ

Germany has followed up her
treaty defaults by organizing OBJ
struction to the Allied economic oc-
of the Ruhr. This obstruc-
lion is inspired from Berlin. The
Cuno government has been from the
beginning the agent OF the multi
billionaires who own the Ruhr indus
tries and who dominate Germany's
economic system. 1t is struggling
to protect their wealth from any
fair contribution to the reparations
which the Reich is pledged to make.
Even before the defaults and the
extension OF the Allied occupation
Cuno and Wirth gave these great
war profiteers special consideration
by sheltering them from the burdens
of normal taxation.
France, Belgium and Italy have
now intensified the pressure which
they are putting on unoccupied as
we'll as on occupied Germany. For
the last two weeks shipments Of
coal into unoccupied Germany have
been held up. But the great metal
lurgical industries have continued
to produce at top speed and to send
out their products unhampered. 1t
is on this production that German
prosperity since the armistce has
been largely based. The railroad
system has been expanded and the
war wastage in rolling stock has
been made good. Buildingg construc-
Evening journal., 1923-02-14

tion. canal construction, road con-
struction and ship construction have
gone ahead at forced pressure. Ger
man wealth has accumulated in
forms not easily subject to use in
payment Of war debts. Germany
has pleaded poverty to her creditors
while rolling up riches.
The new Allied program contem-
plates severance OF commerce be
tween the occupied and the unoccu-
pied sections OF Germany. This is
a direct reprisal for the encourage
ment given by Berlin TO sabotage,
strikes and official hold-ups in the
Ruhr and the Rhineland. II the
industrial magnates will not play fair
or allow the government TO play fair
Germany as a whole must pay the
penalty. The Ruhr and the Rhine
land are the heart of German in
dustry. II the heart action slackens
the rest OF tho Reich will be slowly
paralyzed.
Tho German government is, in
fact, sacrificing the great mass of
German workers to the interests OF
a small group of industrial super
men. 1t cannot long pursue this
course without inviting its own over
throw. Passive resistance will MOI
keep German wealth intact. Nor
will II annul the Versailles Treaty
There IS no future for Germany out
side the fulfillment of that treaty.