davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13
Steel Demand Is Fair
But Market Nervous

NEW YORK, May 1.-THE steel mar
ket was very nervous during the week.
producers have a liberal supply of old or
ders on hand, and mills busy. There
was fairly good demand, especially from
the railroads. but the weakness in many
of numerous construction projects on &C
count of high costs, are causing feel
ing of caution and a good deal of hest
tation about placing new orders. New
buying of pig iron continues quiet but the
market is holding steady in absence OF
selling pressure.
There has been no Improvement in the
rather unsettled owing to the reported
curta iiment of several big local building
projects and offerings by second hands
at concessions. Producing interests in
some cases have also shaded their prices
1t Is claimed that deliveries into domestic
amounted to 100000 pounds. but this
amount is believed to include exports
from South America The refinery out
put in the United States for April is os-
timated at 167, 500.0 600 pounds and pos
sibly 1880. 900 pounds in South America
and the figures. il correct would point
to a reduction of about l5, 900 900 pounds
in stocks for the month of April.
Tin also was easier because of a scant
demand from consumers and the sagging
trend abroad.
Lead was cut to 7.25c by the leading
refiner but the weakness abroad still per-
mitted of bringing in foreign metal at or
below the domestic quotation. Stocks here
are being reduced.
tailment of building operations and was
generally easier.
Anthony continued to decline owing to
a very slack demand.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13
Stock Prices Suffer
Secondary Reaction

NEW YORK, May 12-Stock prices.
after recovering nearly one-third OF the
ground lost in last weeks violent de-
cline, ran into secondary reaction this
weekend which carried many of the
leads, including United States Steel COM
mon; bethlehem and Studebaker to new
low levels for the year. While a relaxing
tendency in commodity prices a slowing
down of industrial expansion and sus.
pension OF several important building
projects had a sentimental effect many
market observers were OF the opinion
that the reaction was largely the read
tustment of the weekend technical struc-
ture of the market. Bond prices held
fairly firm.
Commodity and foreign exchange mar
kets also developed reactionary ten
dency. although the dismissal of the gov
ernments suit against the New York
Coffee and Sugar exchange resulted in
brief rally in the price of the raw prod
uct. Demand sterling broke below $3.50
to new low level for the year. but rail-
lied later to s4.61%. German marks sold
as low as s2S million. or only 81 above
the extreme low made in the collapse
which followed the French occupation of
the Ruhr last January. Swiss and Nor
wegian exchanges also touched new lows.
Money rates were somewhat easier, the
ruling rate for call money during the
week being 4ia per cent with as the
top price. The time money market was
quiet with a few short term loans ar
ranged at s per cent and the lower ma
TURTLES at 81. Prime commercial paper
was about evenly divided between and
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13
NEW ORLEANS COTTON

NEW ORLEANS, May 12.-The covering
operations of shorts who wanted to take
down their profits ever the weekend were
the most important factor in trading in
cotton today and they caused fairly wide
advances although these adAnces were
not any too well sustained. The session
was full of minor recessions, with few
rather important downward swings
caused mainly by new selling meeting the
hard spots. July was much stronger than
the new crop months and the close was
at net gains on the day of to 80 points
July standing so up, while December was
up. October was up. July closed at
2410c hundred, while october closed at
Il SIC.
In the early trading there were gains
of Is to 26 points. but new selling of mn
portance was encountered and quick
drop to levels II to q points under the
1t was a series of quick fluctuations with
in narrower limits until late in the sea-
son when July shot upward to 24.20c. or
40 points over the close of yesterday. At
its lowest July traded at 2360c.
While the desire of shorts to take their
profits was the main support, the dry and
fairly warm weather over the belt was
the basis of much of the selling although
some offerings were due to an unfavor-
a BILE opinion of week END reviews of trade
in general and the further quiet in the
cloth markets There also selling
on the report that the grand jury in New
LONDON MONEY
LONDON, May 12.-Bar silver, 32%
per ounce. Money. 1as per cent. Discount
rates: Short bills, 1A@1N per cent; three
months bills, 116G2h per cent.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13
Cotton Goods Active

NEW YORK, May l2.-After reaching
rnuoh lower price levels, cotton goods mar
kets have grown more active ana safes IN
the past few days have been more general
than for some time past. Print cloths,
sheeting and some other lines are again
In moderate demand. Jobbers have be
run 10 show little more interest In
brown goods. The quiet In primary mar
ket, has last ed for six weeks, and follow
ing cotton liquidation prices have fallen
to about as low a level as prevailed last
December At this level some large oper-
ators were attracted. Bleached cottons
are still dull and irregular. Colored cot
tons are unsteady and rather quiet. Wash
goods have moved slowly owing to cool
weather. Finished convertibles have been
slow. White goods are dull. Fine cottons
have been very quiet. Osnaburgs. duck.
eased off, and have been In very. little
request at first hands. Mill production
has been showing change, some few
plants north and south having entered
upon limited curtailment plans Any
broadening of the demand for goods Is
exp ected to check this tendency, although
manufacturers complain much OF the mar
row profit margins existing between cotton
and cloth values. Knit goods have been
quiet Yarns have eased considerably and
low prices have yet to arouse interest
among buyers. Prices current are as
follows in primary markets.
Print cloths. 2s-inch 64x6os. INC; 64x
COS. 7Ac; 3Sla inch e4xs4s. 1oHc; brown
sheetings, southern standards, 16c; tick
ings, 8-ounce zoe; denims. 2os. ESQ 26c.
ginghams. staples, lsc prints lie; dress
ginghams, 81 u a 24c.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13
PRODUCE AND POULTRY

II PRODUCE AND POULTRY
EHICAGO. May 12.-Butter unchanged
'ads lower; receipts. 45,7s2 cases; firsts
(A3c:, ordinary firsts. 22422hc: miscel-
n 1ous, 231n @ 24c. storage packed, 26hc;
t4rage pack. firsts, zee.
KANSAS CITY. Mo-, May 12.-Butter
MI poultry unchanged. Eggs. firsts NC
,kHr.i 21ho: others unchanged; selected.
nc.
CHICAGO. May 12.--PoultTy, alive high
RI ifowls. 26c: broilers. IS q Soc. ROSTERS.
ri
N1sw YORK, May 13.-Live dressed
c9l1try quiet and unchanged.
St. LOUIS. May 12.-Hens. 23hc: re
e1tts. 1876; springs. 24c; ducks. 23c:
thtrs unchanged. Butter. +sc. Eggs I'm
1afsed'
rev YORK. May 12.-Butter steady;
etApts. 177.34S; creamery higher than ex-
I'd 431a Gp44c creamery extras. 80 score
S@43Ac; creamery firsts. IS to 81 score
4042%c. EGGS unsettled; receipts. 81.
ID fresh gathered extra firsts. 81 u a CSC /;
tbs. &c q &c; seconds, 20 Il 4251ac. Cheese
teSdy receipts, 221.771 pounds.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13
Curb Market Heavy
With Dealings Light

NEW YORK, May 1.-THE curb
market was generally heavy during
the week. Dealings generally were
on small, scale and a good part If
the supply represented operations of
the professional traders for short &C.
count.
Glen Alden Coal showed pronoupced
weakness. yielding from 741a to 6924
but later recovered much OF its loss.
Delaware. Lackawanna and Western
Coal moved up from 81 to say, be-
coming dull after that. Several new
issues appeared on the Market among
them American Locomotive, new
stock when issued, which was traded
In at bS12 to 66Z moving in unison
with the present shares on the New
York Stock exchange. Munsingwear
was admitted to trading and sold at
AZ? to 43. Brooklyn Oily railway,
after advancing to 1913. reacted to 10.
selling being caused by disappoint-
ment over failure to increase the de-
mand. Stutz ranged from II to 157s
and Peerless. after selling at 4oss
carly In the week, rallied to A.
There were wide movements in the
Standard Oil issues. but after some of
those stocks moved up the market
was unsettled yesterday by announce
ment of the coming issue of new
York. Standard Oil of Indiana de-
clined to $50 and then rose to 61a.
OILY TO yield again in the end of the
week. Standard Oil of New York.
after advancing from S9ss to 41& was
directly influenced by the issue OF
new stock and yesterday dropped to
new low for the week. Prairie Oil
moved up from 207 to 217. followed
by decline yesterday. Similar move
ments were noted in the independent
oil stocks.
Gulf Oil ranged from Sc to SO, with
decline, yesterday. and Magnolia.
after advancing from lii to 147, also
sold off. Cities Service ranged from
158 to 165.
Mining stocks were quiet in the
first half of the week, but showed
increased activity Friday. when CO.
bait issues were in increased demand.
A fractional gain was made in Nip
pissing, following a favorable state
ment of earnings
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13
HUBBARD'S LETTER

NEW YORK. May 12.-(speciai. 1.-THE
market mad steady opening with very
the call there was a wave of selling which
brought prices some 80 points under the
was little activity during the middle Of
me session; however towards the close
there was a wave of short covering which
put prices up well above last nights close
There was no particular news to feature
the morning except that the weather man
was generally cloudy. and it may be that
market to rally very sharply
Futures in Liverpool are due Monday.
July ~. 4sd' october IL. 6sd.-Hubbard
changed. 81"
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13
Short Market Flashes

INDEPENDENCE, Kan, May 1.-THE
fourth cut of loo per barrel in the price of
all grades Of midcontinent crude oil since
April % was announced this morning by
the Prairie Oil and Gas company here. TIL.
new prices range from 10 to 81. 20 per
barrel.
LIMA, o.. May 12.-Sae of the Lilly
White Oil company of Lima to the Rox-
ana Petroleum company of Kansas City
for $4,000 is practically completed ac-
cording to officials of the local company.
The Roxana corporations plans after the
purchase Of the local concern include erec-
ton of 100000 mbricating oil plant in
Lima. 1t is said.
DETROIT Mich, Nav 12-Business and
properties of the Detroit Pressed Steel
company and Parish d Bgham company
of Cleveland will be taken over today by
the Midland Steel Products company, or
ganized late yesterday. The new company
will be capitalized at 100000 900. 1t was
announced. The merger of the two COM
pantes was Endorsed at meetings of stock
holders OF the Detroit and Cleveland cor
porations held simultaneously Both these
corporations have specialized in produc-
ton of pressed steel frames for automo-
biles. Between them they have supplied
nearly all the frames to automobile manu-
facturers. The twa plants will be kept in
operation. it was announced.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13
DRY GOODS

NEW YORK, May 12.-Dry goods mar
kets were quiet today in the primary di-
vision and jobbers continued to find spot
business light. Shipments were in good
volume and retail trade held up well.
Yarns and cotton goods were easy. Bur
laps remained quiet Silks were slow and
irregular on staples. New fall lines were
bought moderately. Wool goods were
quiet and some concessions oDtainab BILE in
a dull market.
Linens were very quiet
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13
RICE

NEW ORLEANS. May Trough rice
steady; sales, IS sacks Honduras. 4.25c {;
1 800 sacks blue rose, $3.50; 1874 sacks
Carolina, 4.25c no receipts. Clean rice
quiet; sales 1871 pockets; blue rose.
3 81 &C: 1,343 pockets Edith, sac; JIG
pockets screenings. &c; receipts, 1,b40
pockets; bran and polish nominal.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13

NEW YORK, May 12.-Cotton seed oil
was weak under liquidation by local and
outside longs and selling by refiners. The
heaviness in other markets factor.
Closing prices We're near the low and
represented net losses of to "a points.
Sales. 5000 barrels. Crude markets were
lower. Prime crude, 92b a soc; prime
summer yellow spot nominal; May. Hose;
July, 10.64c: September, 10.55c all bid.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13
Hubbard Bros. & Co..

Hubbard Bros. & Co.
Members New York Stock Exchange, New
Orleans Cotton Exchange, New York Pro-
duce Exchange, Associated Members
Liverpool Cotton Association. Orders So
licited 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. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13
FOREIGN BONDS


NEW YORK. May 12.-Cattle: Receipts,
4s5;, no trading. Calves 575o lower.
s5.50@6.
Sheep and lambs: Receipts, $40; no
trading. Feeling steady at s46S for
clipped sheep: clipped lambs, $129145O;
spring lambs. s15.5o@17.
Hogs: Receipts. 2,ss0; steady. Medium
sS.25Qs.5o; roughs. s6@6.50.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13
BOND MARKET
United STATES BONDS

tOn STOCK EXcnanRe)
Readers should note that Liberty bonds
are quoted in dollars and thirty seconds
OF dollars instead of dollars and cents
The fractions are designated by giving the
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13
Drive By Professional Forces Active Shares
NEW YORK CURB

NEW YORK, May l2.-Folowing Is the
official list OF transactions the New
York Curb Exchange. giving all stocks
and bonds traded in
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13
NEW YORK BONDS

NEW YORK May l2.-Folowing are
today's high. low and closing prices OF
bonds on the New York Stock Exchange,
and the total sales of each bond:
u.It,..n.......l ii,naII.. ,onu.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13

CHICAGO. May 12.-Potatocs un
changed; receipts. AZ cars; total United
states shipments, 536. New stock slightly
fIrmer; Florida barrel, Spauding Rose,
no. l. y 80: jobbing, mostly 81. rs; No.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13
NEW YORK STOCKS

touay's safes. nigh. low and closing prices
OF stocks listed GA the New lOrn STOCK
LNCnauEr
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13
SILK QUOTATIONS.

NEW YORK May 12.-Raw silk .a.v.
prices per pound: Kansai double extra
cracks $9;6o99 70: Kansai best. No. /.
50 20@9. 80: kansai No. / filler. s9,i5I
.. rs; Shinshu No. l. s9.1o69.25: Canton
extra, 14-16. ss@a.10; Shanghai China
steam filler, gold double deer, SO s0M9s5.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13

NEW YORK May 12-Flour easy;
spring patents. s6.5o67; soft winter
straights. s5.75a6; hard winter straights
S6q6.15.
MINNEAPOLIS Mimi. May 12.-Flour
unchanged. Bran, s2s SO.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13

CHICAGO, May 12.-More liberal sup
lilies of top scores together with report
d weakness at New York, took the edge
IF the butter market here today; 80 score
While generally held at ENC, could in
ONE cases be bought at nc less. Medium
0 undergrades were firm and well cleaned
~. The car market dull. Offerings
tSthe below quoted prices met little re-
p5hse.
4resh butter, 80 score. 42hc; 81 score
- 80 score. ave; SO score Ale; IS
c8e. 40hc; 81 score, 39hc; Sc score
&c. Centralized lots: 80 score
&c; So score, All @42c.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13
Prices Drop Off As
Prospects For Wheat
Crop Grow Brighter

CHICAGO. MAY Reinforcement 81
crop conditions has given added force THIS
week to grain selling, induced by weak
ness of values in the stock market. Com
pared with a week ago. wheat prices TINS
morning showed 2hc to SC decline, Corn
and provisions at setback of 42c to zoe.
Nearly perfect weather for corn plant
ing started the new downward swings in
the price of grain. and although wheat
had appeared to be suffering from lack OF
moisture in Illinois, Indiana and Ohio and
needed rain was supplied in the last part
of the week. and was promptly responded
to by further lowering of quotations
Meanwhile the bear influence which had
been manifest ,lf st, during the previous rs week
timed to be an evident adverse factor
hnoWledge that Wnest quota.ions az
.1.eei I pooi a. rhtn me- i".Se ms
premium INN oEef 'ng tf stanaaru nun
was tne case an, Sho th , rh,t ago senaea az
one one, s.ase 10 THY ZIP 'he wFeae harhee mere
@nverntent renort as 10 the domesttc crnn
ti roea me ha ISL b e,up
~ III hoMsNe,, p.oaeu 70 pe iess pui.
da,, ia" ,a VI io tha se,iins 80
ne 49, ia, .+ a ogair nrensad ,t oi
re deoita m Nv t1 rt rfa
ed an onnrs,, III ,"e s'oeA
co an opp'o ,
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13
FOREIGN SILVER

NEW YORK, May 12.-Foreign bar q,
Yer. 6b q c. MeXican dollars
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13
FEW ORLEANS COTTON FUTURES
NEW YORK COTTON FUTURES

l6HCAGO GRAIN AND PROVISIONS
EHICAGO. May I2-FoIlowing are the
opsh. high, low and close of Chicago grain
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13

Total sales Of bonds today were s5,732,
900 compared with $s,s45ooo previous DAY
ana $3.50 900 year ago.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13
TONnON MONFV

LONDON, May 12.-Bar silver, 32%t
per ounce. Money 1as per cent. Discount
rates: Short bills, 1AG17s per cent three
months bills, 116G2s per cent.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-13

NEW ORLEANS. May 12.-Spot cotton
'eteady, 20 points lower. Sales the
Is pot, 10 79c. Sales TO arrive none. Low
Iiniddling, 24c: middling, "a 75c; good
lniddling, 25.25c. Receipts. s17; stock.
ho2.01s.
NEW YORK May 12.-Spot cotton
quiet; middling, % 45c.
Evening star., 1923-12-25

ceremony that ii was carried to the
house attended by everybody, old and
young.
The ceremony of rolling 1t into the
that was attended and enjoyed by
every member of the family If the
log burned steadily all night on the
hearth good luck was thought to be
predicted for the years to come: If
it burned out, i'll luck was look ed
was preserved till the joyous season
came again when it was used for
lighting the new Christmas block.
This, it is said, is an ancient Christmas
ceremony transmitted to us from our
Scandinavian ancestors.
We hive now the "Yuie cake" the
"Yule, or Christmas candle" the
"fule dough-" etc In the north of
England the common people still
make "a sort of little images at
Christmas, which they call 'Yule
Doos''
The tradition has il that the Christ
mas tree is connected in some way
with the ancient Egyptian custom OF
decorating houses with the branches
of the date palm at the time of the
winter solstice.
The Greeks call Christmas the
feast of lights" and that makes us
think of the custom of putting, lights
on Christmas trees. Ages and ages
ago a famous minstrel named VOL
fran sang of custom of his day OF
with green branches ornamented
with candles TO welcome guests
whom his people were eager to honor
Perhaps the Christmas tree cele-
hrations which are to gladden. the
hearts Of the Washington youth with
their electrt" lighted candles Is just
a bieger growth Of this ancient beau
tiful custom.
Evening star., 1923-12-25
Origin OF Yuletide Ceremonies J
Yelled IN Dusk of Antiauit>

Through the lapse of the ages the
Yuletide season. or the Christmas
feast. transmitted to US from age to
age, has been fraught with an un-
usual portion of controversy as to
It's origin and celebration among the
Christian nations.
The original meaning of the word
1ule" is in fact yet unexplained.
some have considered it to be related
to Icelandic ''Tjoi," wheel indicat-
ing that at this period the sun
wheels or turns the winter solstice.
But 1t seems this explanation of the
real significance of the winter sea-
son, especially in an Astronomical
sense, is far from being satisfactory
and has failed to leave lasting i'm
preston in its traditional meaning.
ON the other hand. it has been con-
nected or associated in Anglo Saxon
history with the English "yawl," as
indicating the noise of Christmas
reVelry in Scandinavian countries.
Use i'm England.
In England the word was used
originally to indicate the two months
of the winter solstice, December and
January: that is. the former (Decem-
ber) yuletide and (January) the lat
ter yuletide
1t seems in those early days of the
Christmas celebration Englishmen
had no love for Christmas trees.
Their houses were heated by means
of great open fireplaces and the
bringing home of their substitute
the yule log. was one Of the great
festive occasions of the year.
Every member OF the family as
sisted in the hewing of il in the for
est, and il was amid the greatest
Evening star., 1923-12-25

A happier Christmas Of other days
is recalled in a communication sent
to The Star and signed simply "P.
b." although a local address is given
the letter. The communication is
head christmas in Germany" and
follows:
I'VE arise at o'clock in the morn
ing, dress hurriedly, walk to the
church through snow and darkness.
The church is beautifully lighted with
many, many candles. The service is
beautiful and simple. A choir of six
voices sings Holy Night We go
home, line up in the living room.
father gives us a talking to, showing
where we have been good or bad and
how we can do better. All of a sud-
den little bell is heard, the parlor
doors open, we dash in. There, in
the middle OF the large, round table,
stands n large Christmas tree, with
lnnumerable candles and glittering
things. Beautiful beyond description.
Around the tree are the large plat
Evening star., 1923-12-25
CHILDREN GUESTS
OF HOSPITAL BOYS
Forty-Three in Annual Round.
Up at Walter Reed, With
Tree and Santa.

Out at Walter Reed Hospital to-
and in bandages are watching forty
three young Washingtonians, ranging
from three to ten or eleven years in
age, having the time of their young
lives as their guests. simply because
Santa Claus had motor trouble or
something before he could reach
their houses in his airplane this
morning.
Dolls. toys, candy. turkey. laughter
and happiness. and all types and
evolutions of joy:
Shortly after noon 4 big automo-
bile from the hospital started tour
ing the sections in the city where
these youngsters live. That was half
of the party itself-piling them in
and getting them ready for the trip.
Some time later the machines started
plodding through the gates, with
youngsters yells and discordant So
prano clamorings hearlding its COM
ing.
Into the Red Cross building at the
hospital went the group-forty three
of them-just few more than last
year and many of the faces We're the
same.
Tree and Santa Claus.
And then things started again. The
first thing they saw was a Christmas
tree with lights and presents and
everything grouped around it, and
then there was Santa Claus.
That Santa Claus, by the way. is
a chap who postponed an operation
until after Christmas time SO that he
could officiate as the Father of Christ
mas. He wouldn't consent to having
his name used In fact, all of the
boys who gave this party don't want
their names in on this. Don't want
publicity" said they. But this Santa
Claus is going to be laid up in bed
until next Christmas is almost here,