davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1923-07-01
Exchange Movements Govern Curb Trading

NEW YORK, June 3o.-Operations on the New York Curb in the past week were governed to great extent by the va rious movements on the New York Stock exchange, especially in connection with the continued liquidation on that board, which included accounts in which many Curb stocks also were carried. Transactions of this character, 1t is said. must have been the moving force in connection with the trading in Gillette Safety Razor, which fell from 270 to 23s
 There were several firm features among them Roamer Motors, in which trading started during the week, and which stead fly held from 10ss to 10k. Peerless Motor was exceptionally strong in the first half Southern Coal and Iron, which had been in supply, was also fin demand in copneo- ton with the arrangements for operations of the company.
 Petroleum stocks moved in an orderly manner generally, but also showed de- clines. The feature was decline in Glen Rock, which sold at the new low record of 50c a share. Standard oil of Indiana which was heavily traded in all through tho week, yielded more than 2 points, and similar loss also was sustained in Stand ard oil of New York. and Maracaibo 1n- creased interest was shown in Penn Beav- CT. because of the prospects of results from drilling operations In the Powell field. The widest decline In the Standard oil group was in Prairie Oil. which fell points to 1894. Ohio oil yielded 3 points. and the Standard oil of Kentucky. Phillips Pc troleum dropped 2h points to the new low record of 37. Mining stocks moved in about the same manner. but variations were in nearly all cases confined to frac- tions. except in the higher-priced Issues.
The Birmingham age-herald., 1923-07-01
All Wheat Futures
 Hit New Lou Price

CHICAGO, Juno s0,-All future deliv- cries of wheat have fallen this week to new low price record for tho season. Set back is largely ascribed to the bearish influence of the New York stock market Lowest prices yet this season were also reached by some deliverie. of corn and oats. Compared with a week ago, wheat this --orning was 2's @4esc down. corn "A D4%c off, oats showing H @1c loss, and provisions at 25 a BOG decline.
 With weather conditions very favorable for the harvesting of winter wheat and with rains and lower temperature helping the growth of the spring crop, the wheat market proved unusually sensitive to other in the value of securities. Persistent liquidation of wheat holdings on the part Of houses with eastern connections gave special emphassi to the disturbing general effects of the stock market declines and were offset to only a moderate degree by bushels of future deliveries of wheat had been taken by exporters
 Word that black Trust had been discov- cred in South Dakota failed to act as g stimulus to the buying side of the wheat market and 1t was apparently the view of most traders that important actual damage from rust might have to be shown before prices would respond. Flu ropean exchange rates at new low levels Tor the year and seeming dearth of ex- port purehasing. for. nearby shipment ex- cept on hand hand basis were also a decided handicap to bulls.
 Favorable weather conditions for the new corn crop, together with indications that the stock of corn here would show an increase this week had a bearish influ- corn. Provisions declined with hogs and grain.
The Birmingham age-herald., 1923-07-01
Clearing House Banks
 Show Gain In Reserue

NEW YORK, June so.-The actual condi- ton of clearing house banks and trust companies for the week shows an excess in reserve of s12.Ss5,120. This Is an in crease of s4,S46,170. The statement fol- lows:
 Actual condition: Loans, discounts, etc., 4,740, 900, increase s114.0To.oo0. Cash in own vaults members Fderal Reserve bank. S4S. .668, 900, increase s1,517.o0o. Re- serve in Federal Reserve banks of mem- Der banks. s506,S31.000. increase S13.125,- 900. Reserve in own vaults, state banks and trust companies, s7Ss2,0o0. increase $31,0 900. Reserve in depositaries state banks and trust companies, s9,S92,0 900, in- crease S175000. Net demand deposits, s3,S16, 100000, increase s65.464.0oo. Time deposits, S4S0,41S 900, decrease s463,000. Circulation, s32.169000, decrease s262oo0. United States deposits deducted, S56,247.- 900. Aggregate reserve, $524 605, 900. Ex- cess reserve, $12,S95,120.
 Summary of state banks and trust com panies in Greater New York not included in clearing house statement: Discounts, etc, S790, ,9946oo. decrease s231.60o. Gold, s3,167, soc, increase $125,500. Currency and bank notes. s19. 6O5, 100. increase s31s,- 300. Deposits with Federal Reserve bank of New York. S66,277. 800, increase s1.225.- 800. Total deposits. 800, decrease $7,111 200. Eliminating amounts due from reserve depositares and other banks and trust companies in New York and United States; Deposits, S765,ss2.3o0, increase S661,500. Banks cash in vaults, S27,715,- goo. Trust companies cash in vault, s61.- 337,b00,
The Birmingham age-herald., 1923-07-01
Week Of Reaction In
 Securities Markets

NEW YORK, Juno so.-Reactionary price movements characterized this weeks securities and commodity prices.
 Stock prices broke through their low levels of last Fovssaber, many of the standard shares selling at their lowest prices in more than two years. This de- cline. while generally conceded to have been engineered by professional interests was influenced by tho lack of public sup port. uncertainty over the trend of bust ness and industry this fall lower commod- fly prices. firm money rates. expectation of increased wage demands by the hard coal miners and two of the "big four railroad brotherhoods and the slump in er- port trade.
 Foreign exchanges also developed con siderable weakness. Demand sterling es- tablshed a new low price of s4.56&. rep rasenting decline of of nearly 5c on the week, but 1t rallied moderately later. New low records also were established by 1tal- ian fires, German marks. Swiss francs and Spanish pesetas
 Shifting of funds incidental to mid-yesr settlements Is generally believed to be the reason for the firmness of money rates this week. Call money renewd at per cent for the first time in many months and time money was offered at 5L for all maturities. with Did and most business consisting of renewals.
The Birmingham age-herald., 1923-07-01
New Steel Business
 Is Fair During Week

NEW YORK, Juno 30.-New business in the steel market this week was only fair and while the output was decreased some what by tho hot weather. producers were unchanged to be catching up on their or ders. Tho number of orders on tho books. however. are large. and as these assured activities are promised for some time to come, no disposition to reduce prices was shown. and the market tone was distinctly in some districts, but generally demand was not urgent and prices in some eases were reduced 500 per ton.
 In copper there has been no i'm prov.- ment In demand, and tho tone Is easier owing partly to the declines in London It is also understood that most of the larger domestic wire and rolling mills have their needs we'll covered for the next 60 days. w
 The announcement of a reduction in price for copper and brass products was accompanied by reports of a continued slow consuming demand. 1t Is stated in some quarters that there has been a fall ing off in meltings. Exports for May, sx- cluslVe shipments to Canada were 24b1s tons, or the smallest since February
 Tin was easier owing to anticipation of unfaVorable monthly statistics an indif- ferent consuming demand and suggestions of weakness In Singapore.
 Lead was affected by the sagging trend In London and the west. Consumers are well provided for. checking new buying,
 Zinc steady, with little selling pressure for early shipment. Some producers are already cutting production as stocks have quieter as the advances asked have checked buying.
The Birmingham age-herald., 1923-07-01
BOND PRICES ARE RELATIVELY FIRM
 M BRIEF TRADING

NEW YORK, June 30.-Bond prices were relatively firm in today's brief and dull trading on the New York Stock Echange.
 Marland Oil Ss with warrant. jumped 8 points on a comparatively small turnover and Cerro de Pasco copper Ss moved up | s. Pierce Ar row Ss dropped 1N; Northern States Power refunding 5s,1A and Utah Power and Light 5s 1. Railroad mort gages generally moved within nar- row limits, a gain of point by Gen. tral Pacific 1st 4s and losses of Is, respectively, by New Orleans, Texas and Mexico 5s and Seaboard Air line consolidated 6s being the only out standing changes.
 United State government Bonds were unchanged to fractional inn provement. Mexican As gained apoin and state of Sac Pau1o Ss advanced Is in quiet trading in the foreign group.
 Total sales par value) were S5 BRO GOO
The Birmingham age-herald., 1923-07-01
RESPECTABLE THIEVES

Washington Herald-The most per- nicious form of thievery Is the re- spectable thievery prepared in offices by men who wear good clothes. associate with reputable people and in many instances have excel lent reputations themselves.
 The commonest instance of this variety of theft Is the gentleman of the promotion company" which sells stock in companies that exist only on paper and have assets that are in the highest degree imaginary.
 It Is sad fact that lots of such gentlemen are doing "business. ." They have all sorts of tricks and devices for ensnaring the all-too- numerous gulls who are easily victimized.
 It is not an eas. job to catch these crooks because some of them are exc xoeedingly "wise" and know a host of tricks for making simple dis honesty appear quite otherwise.
 There is work In the world for all the money that Is lying about. Let as iittle of 1t as possible get in- to the hands Of these financial vultures.
The Birmingham age-herald., 1923-07-01
Top Butter Market
 Is We'll Supported

CHICAGO, June 30.-Thers were ele- 1nents of both strength and weakness in the butter market during the last week in June. A very small percentage of the receipts was fancy butter. owing to the recent hot spell. and since demand at this time of the year Is principally for the higher scores the top of the market was well supported The under grade market was much moro liberally supplied.
 The tono of the market during the week was unsettled. with price tendencies lower. It was generally conceded that peak pro duction had been reached during the week, and with its passing no further increase in receipts Is expected but the rate of de- crease in June butter remains impor tsnt factor. Operators expect the decrease to be gradual, although much depends on the weather.
 Movement into storage was heavier com pared with the previous weeks. Receipts at the four markets showed little change, and the street stocks on some markets were increased while on others stocks were approximately unchanged.
 The Chicago market remained relatively higher than the eastern market, but there were signs at the close that this might change.
 lows: 800 casks Holland, 1000 boxes Ar genuine and 2.s31 casks of Danish. During the month 23 vessels arrived from six countries bringing approximately 2.744, % pounds. Net change in the wholesale prices of 92 score butter during the period June 25-2s showed 1c less in Chicago.
The Birmingham age-herald., 1923-07-01
COTTON SEED OIL

NEW YORK, June 30.-Cotton seed oil was somewhat irregular. July being under pressure of liouidation; then forward months showed hardening tendency to- ward the close. Much of the pit turn over appeared to be of the switching sort. Closing bids were points lower to s points net higher. Tenders of 5000 bar Price crude nominal; prime summer yel- low spot and July. 10.46c; September. 10 47c; December, 8 S.63c, all bid.
The Birmingham age-herald., 1923-07-01
DRY GOODS

NEW YORK, June 3O.--Cotton goods market was quiet. Bleached goods have been priced a basis of 11% e for un- branded lines of A. 64x6os. Yarns were quiet, with an easier tendency. House hold linens were quiet, but dress linens active, being offered lower at 7A per cent for future delivery. Burlaps were easier at Calcutta and quiet in the local trade. Wool goods were steady. Silks were quiet. with raw silk easy.
The Birmingham age-herald., 1923-07-01
FOREIGN EXCHANGEs

NEW fURk, June 3U.-Forelgn OK changes irregular. Quotations in cents: 4.57b, 60-day bills on banks 4.67 13-1s France. demand 6.o3A cables 6 ,O4. Italy, 4.Ssh and 4 .3s. Belgium, 5.13 and 5.13Is 39. 15 and 39.1s. Norway. 16.s5. Sweden 26.45. Denmark. 174s. Switzerland 17.61h. Spain, 14. 4S. Greece, .95. Po- land. .ooosh. Czecho- slovaiSia, 2 .Ss. Ar genuine. S5.So. Brazil, 10 90. Montreal 97 9-1G.
The Birmingham age-herald., 1923-07-01
Hubbard Bros. G Co.

Members New Orleans 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 consignment of spot cot. ton for delivery.
The Birmingham age-herald., 1923-07-01

able on the score of moisture, next to no rain of consequence being indicated ex- cept In south Texas, where rains are need ed for best results, but was unfavorable on the score of temperatures which lower over the belt generally. minimum temperature for last night of 54 degrees was reported for Oklahoma City, Annis- ton. Ala, and Atlanta Ga. This can hardly be called cotton weather, but for the liquidation under way tho market might have done better on this cold weather.
 Trade reviews again were unfavorable reporting little or no improvement this last week. About half of the machinery in Fall River will be closed the whole of this com ing week. The market will. of course, be almost completely dominated by the bu- reau report.
 DOREMUS. DANIEL & CO
The Birmingham age-herald., 1923-07-01
RAW SILK

NEW YORK, June 3o.--Raw silk easy prices per pound: Kansai double extra s7:s6Q7,s5: Kansai No. l filler s7soQ 7sO; Shinshu No. l, s7,5oQ7.S5; Canton extras, 14-le. S7. 20@7. 30; Shanghai s.26.
The Birmingham age-herald., 1923-07-01
STEWART's LETTER

BIRMINGHAM. June 30.--Cotton prices averaged 10 points lower at the opening this morning and ruled quiet. but with somewhat a sagging tendency during the short session. First page news featuring the extensive curtailment in the New Eng land mills next week. half of 35,000 em- ployes will be Idle and fair weather fore casted for the entire cotton region to- gether with continued weak stock mar ket, caused the decline. However trad ing was light and most of tho business done was evening up awaiting the govern ments condition and acreage report Mon day at II 80 a. m. There were more pri vate reports indicating under 11.00o, 900 bales, and the average guesses indicate 69.5 to be the pivotal figure. The finals about 25 points loss for the day Spots were quiet and quotations generally followed the decline in futures If we have good weather after the report and outside influence continues as depres... ing they now, 1t Is doubtful if these prices will hold. Moreover. with good weather and mills more less inactive there will apparently be less chance of selling the large New York stock to con sumers. and a greater probability of a large part of 1t being rendered on July. Should we witness a sharp advance on the bureau Monday we advise taking advan- tage of the rise by mak!Hg sales in Octo- Der. Liverpool Is due 10 points lower on July and 14 lower on October Monday.-S. R. Stewart & Co. ,S'
The Birmingham age-herald., 1923-07-01
NEW YORK BONDS

NEW YORK; June 3O.-Following are today's high. low and closing prices of bonds on the New York Stock Exchange, and the total sales of each bond;
 Railway and MiNCellaneona
The Birmingham age-herald., 1923-07-01

Correct way to make coffee, it is said, is the dripping and Altering process, which makes the liquid fall into a glazed earthenware contai~>
The Birmingham age-herald., 1923-07-01
Ouer Priuate Wires
HURBARD,s LETTER

NEW YORK. June 3o.-The market was a trifle easier on the opening this morn ing in view of good weather and the prospects of favorable weather over the weekend There was very little business done In view of the fact that the govern ment report will be issued on Monday at 11;30 daylight saving time. The business that was transacted during the morning was merely the evening up of com mitment. Before the report there was hardly any fresh business noticeable. Flu lures are due in Liverpool on Monday: July 1511d, October .52d.-Hubbard Bros 6y
The Birmingham age-herald., 1923-07-01
BOND MARKET
UNITED STATES BONDS

IVH NIOCN ENCHdIIbtJ Readers should note that Liberty bonds quoted in dollars and thirty seconds of dollars instead of dollars and cents Tho fractions are designated by giving the numerator only.
The Birmingham age-herald., 1923-07-01
Large Number Of Standard Industrials And Rails Hi
NEW YORK CURB
Industrials

NEW YORK. JuDe 50-FoiIowIng is the official list of transactions on the New York Curb Exchange giving all stocks and bonds traded in:
The Birmingham age-herald., 1923-07-01
NEW YORK STOCKS

NEW YORK, June 30.-Following are today's sales, high. low and closing prices of stocks listed on the New York Stock Exchange:
The Birmingham age-herald., 1923-07-01
FOREIGN BONDS

Sales Gin s1Ooo) High, Low. Close 2 Netherlands 6s ..10o% 1OO% 1oOs. z7 MeTieo ssic s5 Gov ss 5Ssss 6S. s. Total sales of bonds. s1as.nnn
The Birmingham age-herald., 1923-07-01
LONDON MONEY

LONDON, June 30.-Bar silver, 31 1-1ed per ounce; money. per cent; discount rates. short bills, 2A per cent; three months bills. 2S per cent.
The Birmingham age-herald., 1923-07-01

BERLIN, June S0.-The statement Of the Imperial Bank of Germany as of June 23 shows the following changes: Total coin and bullion, increased 1,961,937 00o. Gold, decreased 1000. Treasury and loan association notes, increased 226,1s7. 755. 900. Notes of other banks, increased 205,23o,- 900. Discount and treasury bils increased 71,64e.O33,o00. Advances. increased 1885, ,o45, 900. Investments. decreased 227,- 2o6, ,oeO Other assets, increased GOSSIP I53, 900. Notes in circulation, increased 21s6. 6.646. 6.6S3000. Total gold holdings, 756, ,912, 900 marks, of which b76,s80, 900 Is deposited abroad.
The Birmingham age-herald., 1923-07-01
DoREMUs. DANIEL & co.

New 1ork daily SHOCK letter, by pr1vAte wire to Doremus, Daniel & Co.,:
 NEW YORK. June so.--No one seems capable of giving a logical reason for the thc stock market Obviously confidence has been much upset by recent events and country wide liquidation has resulted.
 A level now has been reached where fluctuations are less violent. but liquda- tion continues regardless of earnings or dividends or intrinsic values
 As no important change has been re- corded in business upon which the higher this present level seems very false. Ger, tainly, it looks like an opportunity to buy.
 had big. break from former highs. but select stocks which are gilt-edge and in triRsically m cheap ear at this price portunity cannot continue for long. Such stocks as Atchison; Great Northern pre- Standard oiis United States Steel s.thle. hem. studebaker. California Petroleum. eomotivs, % Lima. & Pullman; Puliman anu es'ho host io Of other silt edge stocks. all seem to be at bargain prices. All have declined in for eventually came back to record prices. and we see no reason why they should fail to do so again.
 New Orleans Daily Cotton Letter. by private wire to Doremus, Daniel O.: dation again furnished a good part of the offerings in the cotton market to- day, and July felt the effects of this sort of selling more than any other months It plainly was Inspired by the nearness of the governments crop report. due at 11;So o'clock. central time, Monday. Private reports on the weekend continued to claim deterioration for the month. but the actions of the market plainly indicated that there Is considerable element which Is not any too sure that the official fig ures will be as low as the average private guess on condition. The average of pri- vate reports around 69.S against 71 month ago, and the 10-year average of 70. The weather over the belt was favor
The Birmingham age-herald., 1923-07-01
 FLAX SEED

DULUTH, Minn., June 3o.--Closing flax July, s2. 60 bid; September 32.ss; October. S2 30 bid.
The Birmingham age-herald., 1923-07-01

LOUISVILLE, Ky, June 30.-Cattle: Receipts 100; close slow: heavy steers. ss@s; beef steers. s6@e; heifers. 35Qs; cows, s2@7: feeders, s697.2s; stockers s3.5097.
 Hogs: Receipts 1900; steady; 1s5 pounds up. s7.25: 12o to 1855 pounds, S7; pigs. 12 pounds down. s6.25: throwouts, s5.60 down: stags. s5 down.
 Sheep: Receipts. 2,ooo; steady; lambs, $15@15.6o: lighter tops. s12@14: sheep t395.
The Birmingham age-herald., 1923-07-01
BANK OF GERMANY

19l Aus GOV Btd loan Is VI v sIN SIN
 Toal sales of bonds today were s5,53o.- 900, compared with s11,001, ,000 previous day and s7,345 900 a year ago.
The Birmingham age-herald., 1923-07-01

CINCINNATI June 3o.-Hogs: Re ceipts, $500; steady; heavy fat sows, $505.25. calves steady.
 Sheep: Receipts T.2oo; strong. Lambs good steady; common. dull.
The Connecticut labor news., 1923-06-29

chimes in non-theatrica1 hands.
 The corporation has bought four pro- ducing companies, which include the Community Motin Picture Corporation and Henry Bollman, Inc. It is negotiat- ing for the purchase of other distribut- ing service, with offices in thirty-one cities. In buying four companies the corporation obtained more than 5000 reels of pictures, old and new Some of these are already in distribution
The Connecticut labor news., 1923-06-29
LONGSHOREMEN QUIT
 JOBS AT NEW LONDON

New London, June 29.-There are two strikes here now. One hundred long, shoremen hired by William Spencer & Son, Inc, contractors, to move freight for the Central Vermont railroad, quit following a demand for an increase of 9 cents an hour. They are now paid 51 cents an hour The employers say they won't get cent more and are hiring high school boys to handle freight The high school boys, just out for summer vacation are glad to get the jobs, but won't last long at it.
 No embargo has been put on freight, and while things have slacIlened bit, the boat will run as usual.
The Connecticut labor news., 1923-06-29

sauce for the gander"
 In MT. Hubbard's case the bill became law by passage over the veto and MT. Hubbard elected to retire from the board of the Cheshire reformatory, retaining his place in the board of finance
 Concerning superior court judgeships, the bulletin read in part:
 "As the result of the appointments made by Governor Temp1eton and his immediate predecessors, there are now but three Democrats among the Is judges of the supreme and superior courts. It seems particularly important to eliminate the possibility of partisan influence from our courts in a period in which they are often called upon to de- eide cases involving social legislation. The most upright and contentious judge cannot entirely free himself from the bias of his social philosophy, and it will be difficult to preserve the confidence of the public, if 1t can be plausibly claimed that appointments to the bench are made Tor partisan service"