davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04
OLD CROP MONTHS
MAKELOW GROUND
IN SEVERE BREAK

NEW YORK, May 3.-Yesterday's
rallies were followed by a very
severe break in the cotton market
today with prices for old crop
months making new low ground Tor
the present movement. July sold
off to 1856 or 81 points below yes
terday's closing quotation and more
than sc pound below the high
record of last March. New crops We're
relatively steady but were pulled
down by the near month weakness,
with October declining to 375 or 81
points net lower and the general
market closed easy % to 30 points
net lower.
There were some overnight buying
orders at the opening and first prices
were steady at declines of to ID
points The demand seemed to be
quickly supplied however, and the
market became weak and unsettled.
The relatively easy ruling Of Liver
pool was a factor which was felt in
The shape of Liverpool selling orders
here and sentiment regarding eX-
port 'rade prospects generally APP
peared TO be influenced by the
easier ruling of foreign exchange
and reports that France had rejected
Germany's reparation offers. These
features probably were responsible
for some of the selling and the Of
ferings became more general and
Carolina mills might consider the
question of curtailment and reports
that some mills were offering raw
cotton for resale. Many advices were
received here denying that there was
any talk of short time among the
Carolina mills. but local traders
seemed apprehensive that the re-
ported falling off in the demand for
goods would lead to some reduc-
ton in mill activity as suggested by
the reports of curtailment in Fall
river. The more favorable average
of the weather news also was fac
tor on the decline which carried
May contracts off to 26.93c, making
net losses of So to S4 points on the
old crop months while the new crop
sold % to 81 points net lower.
There were Is May notices issued
today which seemed to contribute to
tho near month weakness. Port re-
ceipts today 1906. United States port
stocks 443,703. Exports 3104, maxi
ing 4273.S10 so far this season.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04
PRICES CONTINUE
TO YIELD UNDER
PRESSURE ON CURB.


NEW YORK. May 3.-Prices in to-
days curb market continued to yield
to selling pressure but except in
few cases the losses were compare
lively small.
Oils again were the center of the
speculative interests. Gulf oil broke
Pig points to 5S3s in reflection of
reduction of 25 cents a barrel in
Pennsylvania crude prices. Cities
Service, Prairie Oil and Gas and
Standard Oil of New York also closed
a point or more lower. but Maracaibo
and Vacuum showed small net gains
on the day.
One Of the features of the indus
trial list was the marked strength
OF Glen Alden Coal, based on speeu-
lative expectation of favorable divl-
dend action. The stock crossed 70
and then fell back to "A, up "a on
the day. Motors were heavy, Durant
receding nearly . points.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04
NEW AVIATION ERA
OPENED BY FLIGHT
ACROSS CONTINENT
Government Officials Already
Are Measuring Significance
Of Airmen's Feat

1cIJINCTnE Mav "A now era
Fl
OF aviation, with uhtolu conn nei 0Iai
and military possibilities, has been
ora,aa h., tho successful nonstop
+ - -, s,,,. =. 49, Co.
u coh iHs"e Va
nous American aero twins Lleuten-
ants Kelly and MacReady, of the
rat,os CT. 49,. n.bo snarned the
oant;,ea,9t -, % hn!,rs "a minutes and
80 -, - Naw Yorl, IN
loa nef DieSo' ..a oovo.r,,ent nour-
GAS - IN nrnn tho Two
-, .'7 80 . g. Diaeo already are
s. aNiaeoIs a. 9a! Sianificsnce Of
. u.eeeui u. - ei'e
sehs eN en-, ,,o,sit,o devel-
ihe9 pm. " ~ ..ans-conti-
sac+.
ie,ie .r ~ lns nv 80. 49, mail service
|. AWen.S 10 u .ioNi
l'o'h p $50, - Qualification n, whole
: fleet of war planes at eltheI coast; -.
upo III any otn -. 49, 81"
"a 'he efi+ 70 commerce.
., a vac seIni1i+ies
Win MAN.
All Doubt Removed.
.; has haan
The ar MAJ service nGo tror
Iiann,ns .,. ., 9s1 Sa,' Erancisco 70 begin
NeW olN 10 % Thnrsdey,s &C.
ia.e 1ilts ,a,,,o,,es ali douht of
ompiIsn ileIlt,tt ie'i'0Ne' ga
us prdcticap,iIts ;. post,,os+ar Can.
n - ein mn ,. Ne iuformed of the
era New s 81 f1;aht Vow we know
success u M !,
y III pe W Nv air officials here,
ARMY anu ia " 49, r,ili+arv
2 hishly pieasea spohe ~ "e int,,ring
importance OF .ne &c os ne na.
tne swift con eohce Il. a..or noi IN 81 dan
tioh ais a,ret a az hnZzinp nlanes.
:, ger, WIN s ,t a. -, +he nioht from
hastenih5 .asia to nrotect the
sea tteieu a. .biob s1eens he
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04
Report Of Condition
Of IL Reserve Banks

WASHINGTON, May 3.-Combined re-
sources and liabilities OF the IL federal re-
serve banks at the close of business May
were reported tonight by the federal re-
serve board as follows:
Resources: Gold and gold certificates.
s317,7 900. Gold settlement fund fed
eral reserve board, s693 1854. 900. Total gold
held by banks. s1.011, 304. 900. Gold with
federal reserve agents, s2,o05. 9ss 900. Gold
REDEEM ption fund. s63. 1900. Total gold
reserves ss.0S0579, 600. Reserves other
than gold. 500. sos, 900. Total reserve. s3.-
l74,3SS, 600. Non-rese:ve cash. s61,642, 900.
bills discounted. s367.70 900. Bills bought
Bills discounted secured by United States
government oblig ations. s362.633. 900. Other
in open market. s275.429.000. Total bills
on hand. sl,oo5 10000. United States
bonds and notes. s147.993.ooo. United
State certificates of Indebtedness, ss6.77s,,,
900. Municipal warrants, $4,000. Total
earning assets, s119o, 5s1. 900. Bank prem
ises. s50.o59,000. Five per cent REDEEM ption
fund against Federal Reserve bank notes,
$4,000. Uncolected items, s640543,0 900.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04
LIVE STOCK

'7a KANSAS CITY, Mo- May May i. 5i- cIassss
receipts. 1000; calves I nasvv an heef Bulls
weak steers, s7.9O@92o some heid
higher. one load OF yearlings at ss,9o
cows $50 bulk others. s525@S.7s; can ho
ners and cutters. generally Sz'S ssw AT az
best vealers mostly , ssgy,oV' round S.:
heavy beef bulls s5@5.25; fairly good
feeder steers, 81 90. s,, +sw
Fl Hogs. receipts 3ooo, s,eaa sbipners at
s7soM7s5. or SC lower; top, ssI5 ouin
of sales s7.65@7.s5: packers BIDDING %, DC
weight butchers packing sows steaa ~
bulk. ss.6oQ6.7o; stock pigs weak 10 zoe
lower; bulk native se oo @r.ii,,,nr classes
D.. ,enerailv steady; early top wooded lambs
si49o; clippers. E2.2o; choice snort
sprinsers slS.'c 20 Il, or'Ao"a'
LOUISVILLE. KY. May s.-cattttis's re- re.
n neS1 SEAS ssms.5c: feeders, s6a7.2s; stockers
= ss,so@s.75. u.,,, ooc lower:
soss wounds up IS; 100 to 1ss
, ron p9 s7as pigs 90 to 100 pounds. $3.50;
90 pounds down, IS throwouts' 30 uo""'
s's s ss, receipts. COO steady; fall lambs
Z fsl3: sheep, So down.
s. cINClNNATr May s.-Hogs, receipts,
10 900: weak to 1oc lower; ne eo. "a Ak.
Ms4s: packers and butchers, nigs and
: , nenfs s7m7.eo: stays s4@4.5o: oa
he Tat,le raceipts 400: steady; calves
steady to soc higher S'@ d I; lambs
Sheep, receipts l'''
steady.
500. no trading calf receipts. l. ABS aclve
snd steady. Veals ssa12; cuiis, s6~7'
ht s,ee caie reeeipts 1850; Irregular spring
> ,anhs psismi725. clipped lambs $50
1s17ta clipped S : 1so S4 easier medium
t.Ge So pigs and heavy hogs, IS 500
Sc: ~oughs, Sc 5cm6.'5,
ruJcAGo. MAY a-Cattie receipts: II :
600: beef steers lo@ sc lower; TOP OBJ Sto ssS
rs 80 sbMa 90: hulk beef steers. IS 40 a
10 so; she. stock slow steady to lec lower
: spots off more on better grade fst cow ow
.er.'', more in spots. stockers and feeders
tfirm; other classes steady; bulk st % ksm
4 and feeders, s7ds: meaty feeders ss.oo~
SIS: bulk vealers, IS 5Om9. TT.
Hog receipts, IS 900; uneven. H ~, 70
weights. 100 6e lower; butchers s'eady as ss
: ponnd average ss.15Ms.25; 24o to 1926
pound butchers 81 soms 10; paskd,ne SOUS W
pound pigs. s6.75M SO, estimated mold
N sheep receipts, 10000; active generally
steady to strong best wooded lambs
sis rs; bulk at or near the top clipped
3 two doubles les pound clipped wethers'
81 rs; few 147 pound clipped ewes, 81 20.
EAST ST. LOUIS. III. May s-cattle re-
rceipts 200; generally light: light calves
generally 25c higher; heavy steers 81 20 q
"a 90: light yearlngs s7.75GS.6o; beef
cows s575@s50: Gamers. $2.75 bologna
bulls. s5@ so: calves, 81. rs q 10; few to
city butchers. $40. IS: feeder steers. " 40.
Hog receipts, 1900: light hogs slow;
mostly 5@1Oc lower, medium weights and
s heavy hogs active, steady; top, IS 20 \;
& hulk. q $50 pound averages, ~. 100
sy5: ESQ pounds and up. 81 25d rs; pigs
mostly higher; bulk 100 to 230 pounds av-
erages. 81 50@7.75 100 70 10 pounds; y
G725; packer sows strong; bulk. Sc. ESQ
6.35.
weak; good rs pound shorn lambs, s12 IS 4;
good SIS Founders, s12; Few springers. SIS;
choice lightweights, SIG. so; fat sheep
firm: best light clipped ewes IS.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04
HOTELS AND TRAVEL
HOTELS AND TRAVEL
CUNARD
AND ANCHORL'As.

\. Y. to Cherbourg and Southampton
MAuRETANIA. May s. May 30. June 10
BERENGARIA. May 70. June 5. June &c
AQUITANIA :. May 22, June IL. July 3
\. Y. to Plymouth, Cherbourg and Ham
TYRRHENIA. -: May 90. June rs. Aug. 8
TACOMA. June !. July 12, Aug. 22
CARMANIA. -. May 10, June 10. July "A
CARONIA. June ,, June 30, July 20
FKANCONIA new July :. Aug. 4, Sept.
Boston to Cobb Queenstown and
Liverpool
TACOMA new :. May IL
SCYTHIA new May rs. June %, July 20
SAMARIA new June 0. July Y, Aug. o
COLUMBIA. $3.50. May l2. June 0, July !
ASSYRIA. 49,. May 10, June 10. July Ia
CAMEkONIA new May 26. June %, July
Fl.
TUSCANIA new Sept. G. Oct. 6. Nov. 3
\. y. to plymouth: Cherbourg and London
ALBANIA NEW! June 9, July :. Aug. 10
New York to Mediterranean
TUSCANIA (new) June 30,
Round the World Cruise-from New York
SEQ Your Local Cunard Agent or Write
Cunnrd and Anchor Steamship Lines, 55
4. Forsyth ST.. Atlanta. or Local Agents,
American Express Co.. Birmingham, Ala;
kteiner Bros. Birmingham. Ala.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04
POTATOES

CHICAGO. May 3.-Potatoes steady; re-
ceipts. 11s cars; total United States ship
round whites, siQi1o cwt: Minnesota
sacked Red River ohios. 7599oc cwt.;
Idaho sacked rurals, 81 20G1.25 cwt,:
idaho sacked Russets. mostly 81 so al 10
cwt: fancy, 81 SIS cwt.: new stock steady;
Florida barrel Spauldng Rose. No. l. $40
$50; No. 2, $7@7. SO; 150-pound sacks
Bliss Triumphs No. /. S7.5o@7 rs; 10. 2,
IS. 500 rs; bushel hampers. No. l, rs
$3.50
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04
DRY GOODS

NEW YORK, May 3.--Cotton goods and
yarns were quiet and easy in today's mar
kets. Bleached cottons have been reduced
to basis of l2Ac for A, 64x60s by lead
ing sellers. Knit goods were quiet. Bur
laps We're inactive and weak Minor can
cellations revisions of mill orders were
reported by some wool goods agents. Silks
were bought for fall in moderate quaint
ties
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04
NEW ORLEANS COTTON FUTURES


LIVERPOOL. May Spot cotton in fair
demand; prices steady; good mddling
15.34d, fully middling, Is. 24d; middling,
Is lad; low middling, "a SD; good ordi
nary. II SD ordinary IA o9d. Sales 5000
bales. including 1900 American. Receipts
$1,000 bales. including 100 American Flu
lures closed barely steady. May 1920
July 14.04d October 12 .95d. December
IL. SD, January IL. 46d, March IL 32d.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04
By AL Posen

, in circulation, net liability. $2.299, 900. De-
ferred availability items, $564,7ss. 900. All
other liabilities. s15, $4,000. Total uahili
ties s5.131,673.000.
Ratio of total reserve to deposit and fed
eral reserve note liabilities combined, 1852
per cent.
Contingent liability on bills purcha sed
for regulation correspondents $33.2330 900.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04
COTTON SEED OIL

NEW YORK. May 3.-The trend of cot
ton seed oil prices was downward today
following weakness in lard and cotton, and
the market closed with net losses of to s
points. A large part OF the trading was in
July and included some switching from
that position to later months. Sales, IS 900
barrels. Prime crude, 9.75Q10c: prime
summer yellow spot. II 45ml1 .75c: May.
l55c; July .32c; September. II. Ice.
all hid.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04

Last year approximately 50,000,00o
portland cement sacks were lost or
destroyed in this country. Over 50,-
900 bales OF cotton were required to
weave the cloth needed in making
sacks to replace the losses.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04

WASHINGTON. May s.-American and
German sulphur producers have signed "A
Joint agreement to fix. prices on their
products and to divide UP the markets of
the world between each other on desig
mated basis, according to reports to the
commerce department by II. Earle Russell
consul at Rome. The preliminary agree
ment, Mr.. Russell said. involved the i'm
81 per ton.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04

demand: prices firm; sales, 5000; receipts,
10, 900, including 100 American. Good mid
ding, 15. 34d; middling, 15 lid. Futures
opened quiet. At 1890 p. M. quiet. At
l2:45 p. M, American middling fair.
SGD; good middling. sad: fully,
10 24d; middling. 16.14d low middling,
IA SOD; good ordinary. 14.S9d; ordinary,
a
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04
PORT MOVEMENT

New Orleans: Middling. 27c; receipts,
AM; exports, 2,974; sales, III; stock,
1854
Galveston; Middling. Is soc; receipts.
1,704: sales, 400 stock, 1926.
Mobile: Middling, 27c; receipts, 22b
stock 2l23.
savannah: MiddIing, 2ec: receipts, 3lb;
exports. 1870; stock 3S.460.
Charleston: Receipts. 1902; stock, 49,
1853.
Wilmington: Receipts. 81; stock. 11.424.
Texas City: Stock. 422
Norfolk; Middlng. &c. Csc; receipts. PA;
sales. 8, stock, 60,0S5.
Baltimore: Stock, 1853.
Boston: Mfddling. 27.95c; receipts. 54s;
stock. IL 500.
Philadelphia; Stock 1872.
New York Middling, % 15c; stock, So
$50.
Minor ports: Stock. GAP.
Total today; Receipts. 1906; exports,
3,104 sock, 443.965.
Total for week: Receipts, 267s5; ex-
ports 31.799.
Total for season: Receipts, 5,4s4.501; ex-
ports 4,Il2,127.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04

NEW ORLEANS May Spot cotton
quiet and unchanged. Sales on the spot
ia; sales to arrive none. Low middling
rs. 25e; middling. &c: good middling
81 soc. Receipts 2.717 stock, 111,594.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04

All other resources. s14,19s.ooo. Total re-
sources. s5,131 .603,000.
Liabilities: Capital paid in s10s.S22,OOo.
Surplus. s21s,S69,Oo0. Deposits: Govern
ment. $49.OS3.0 900. Member banks reserve
account sl,s94,651.oo0. Other deposits,
s4o,114,000. Total deposits, 81 ,9s3,s4s. 600.
Federal reserve notes in actual circulation,
s2,237 sos, 900. Federal reserve bank notes
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04

SAN FRANCISCO May S.-The Shell
Union OIL corporation closed 1922 with a
net profit of s9,596S50 available for divi-
bends. according to the annual report of
the company. made public here today
The sum of S4,750, 900 was deducted from
the net profits for dividends and $4.S46-
$50 was credited to surplus account.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04

PITTSBURG, May "A cut of rs cents
barrel was announced in the principal
grades of Pennsylvania crude oil at the
opening of the market today.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04

NEW YORK. May S.-The Ford Motor
company produced 3s.s61 completed cars
and trucks for domestic use during the
week ending May l. exceeding by SO the
highest previous week ending April II.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04

Over $4,000 miles of wire were used
in tying portland cement sacks in the
United States last year.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04
CITIES SERVICE QUOTATIONS.
To Atlanta At Midnight
The "Atlanta Owl"
Via SeabOard

Leaves 1150 p. m.-sleepers open
300 p. m.-arrives $50 a. M, vacate
ZOO m. For eservatlons phone NJ.
1872. 1925, or 4942.
H. E. PLEASANTS. d. P. A.
614 Woodward Building.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04

New York May 3.-Odd lot buying has
been an important factor in this weeks
stock market. All of the large commits
sion houses have reported an Increased de-
mand on the part of small traders who
We're attracted by the relatively low prices
quoted for number of the leading stocks
MANY of these transactions have been for
cash with delivery of the certificates de-
manded for removal to safe deposit vaults.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04

Houston: Middling. % SOC receipts.
3sS; shipments. 49, stock s3.732
Memphis: Middling. 2sc; receipts. sos;
shipments. 9ss; sales 800 stock, 1895.
Augusta: Midding, % 3sc; receipts, IS,
shipments. $50: sales 2l5 stock. 1890
st. Louis Middling CSC. shipments.
1915: stock, 1926.
Atlanta: Mlddling rs SOC.
Little Rock: Mddling. 20. ssc; receipts,
|; shipments. IFS; sales 40; stock, 24,S1o
Dallas Middling, rs roc; sales. 500.
Montgomery: Middling, 26c.
Total today: Receipts, 1913; shipments
4.2O4; stock, 227. 800.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04
DOREMUS. DANIEL 4 co.

"A. a. Houseman & Co.'S letter on stocks.
NEW YORK, May 3.-Buying power re-
manned SO poor that traders made another
successful attack. Main targets were the
sugars and the equipments. Raw sugar
futures were weak, and there was some
talk to the effect that Cuban producers
had sold more of their crop than generally
supposed. and at prices under the levels
Tor raw sugar now prevailing. 1t seems
to us as if this selling of both the sugars
and the equipments was in line with re-
cent weakness in other groups Generally
speaking. they had not suffered relatively
as much as many other speculative stocks
and in view of what has happened during
the past several days holders of long
stocks are quite ready TO run at the first
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04

HOTELS AND TRAVEL
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04
Told by Private Wires
HUBBARD BROS LETTER

NEW YORK, May Especial. 1.-The
market opened fairly steady. but the fact
terday brought forth further liquidation
Rumors were current this morning that
North Carolina mills were contemplating
working on short time. This caused fresh
selling from various points in the south.
However, later Geographic reports refuted
this statement and said that mills in the
Carolinas We're still working full time
The fact that there has been no very bad
weather over the belt recently has caused
this easier market and should the
weather continue favoraby we do not look
for any material advance, but on the first
signs of bad weather we look for a sharp
rally. Further liquidation made itself APP
are due tomorrow: May lid July
ID S!d.-Hubbard Bros. & Co.
STEWARDS LETTER
BIRMINGHAM May 3.-Liverpool quo
this morning, futures being 9 to Il points
below due Sales of s 900 bales were fair
ly good. but middling quotations were II
points down. Manchester cables were not
very encouraging, advices from that mar
ket stating buyers were inactive and a
reactionary feeling existed. Our markets
opened 10 points under Wednesdays close
and bears took possession Immediately
after the initial prices were posted and
the entire session. The finals were so
points less for the day on the near months
and 80 points on the new crops; Spots
We're generally quoted unchanged to so
down. with prices ranging from %. zoe
at Dallas to CSC at Memphis No reports
of improvement in demand while on the
other hand all spot markets remain quiet.
Further liquidation of old crops was the
feature in futures today, and the weakness
in May and July depressed new crops, but
less than half the decline The refusal
by France of the German offer of 30. 000.-
600 gold marks was felt in cotton more
than stocks and reports of curtailment
of Carolina mills caused selling. These
were denied later. but the market did not
recover the decline; however. it can be
charged mostly TO the continued dulness
in Worth street and Fall River and light
demand for spot cotton in the south. 1t is
hard to tell Just what will turn the mar
ket upward or from what price. but one
thing certain is that the market Is being
thoroughly hquidated and traders are per-
haps becoming too unreasonably bearish.-
s. r. Stewart & Co.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04
HOTELS AND TRAVEL. HOT

HOTELS AND TRAVEL
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04

SHREVEPORT, La. May 3.-The second
cut of 10 cents per barrel within less than
two weeks was posted by the Standard
Oil company today in the price of North
Louisiana and Arkansas crude oil OF all
grades
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04
Little Market Flashes

ST. LOUIS, May 3.-A $4,000, 600 con-
tract for the electrificaton of the Vir-
gin.an railroad between Roanoke. Va, and
Mullens w. Va said to be the largest
such contract ever awarded in the United
States has been signed by the East Pitts
burg branch of the WESTINGHOUSE Electric
company 1t announced here To-Day.
The distance is 21S miles.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04

CASPER, Wyo, May 3.-Posted prices
for all grades of Wyoming and Montana
crude oils purchased by the Midwest Re-
filming and Ohio OIL companies were re-
duced 10 cents barrel with the opening
of the market this morning. The reduc-
ton is the second in the last week.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-04

NASHVILLE May 3.-The Nashville,
Chattanooga and st. Louis railway today
1928 calling for an expenditure of S3,75o,-
600 of which Sl225.0 900 Will be spent on
track and like improvements, $4,000 900
on cars and locomotives, ordered in 1922.
but delivered this year. Included in the
improvements is the laying of no pound
rails, the heaviest in the south, on is miles
of the Chattanooga division.
Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1923-10-04
GOV. WALKER BELIEVES
REFORM BILL TO PASS
Changes In Tax System Now
cen as Necessity By Peo-
pie, Chief Executive Says

ATLANTA, Oct. 4.-Despite
predictions from several sources
that the extraordinary session IF
The assembly will not result in lh9
enactment of tax reforms, Cover
nor Clifford Walker is confident
the recommendation of the spec
'al tax commission will be accept
ed by the legislators.
The recent hearings in Column
bus, Macon, Dawson, Athens, Rome
Augusta and other Georgia cities
convinced him, the chief executive
said, that the necessity Of changes
in the tax system of the statet is
fully realized. Everywhere, the
commissions meeting were largely
attended and numerous actresses
outlining views on he tax dues-
tiCn delivered, he said. The rec
concentrations Of the commission
will have -Ae endorsement of bust
ness leaders and farmers through
out the state, according to the gov
ernor.
The pconIe have already ex-
pressed themselves in favor of the
adjustment of the tax equaliza-
tion law. which he termed a fail
ure, and many leaders in the as
stmbly are in favor of taking this
step, thu governor asserted in eY-
pressing confidence in his predic-
titn success will crown his efforts
in this direction.