davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1923-08-10
Cotton Buying Actiue
 On Continued Drought

NEW YORK, August 9.-The con- tinuation of the drought in the southwest led to an active DuylnS movement in the cotton market at the beginning of the week. It was evidently apprehended that the low end July condition figures would be followed by a serious reduction m crop estimated during the present month, and for time the market was strong and excited. A broaden ing of commission house demand was reported as well as active covering by shorts, but the buying tapered off just above the 24-cent level for oc- tober and December contracts, or at prices representing recovery or about 3-4 cents a pound, as com pared with the low levels touched late last month. Rather substantial reactions followed under realizing or liquida ton in advance of the Friday adjournment, and there was probaDly some selling on reports of scattered showers in Texas and Oklahoma. on the whole, however, the preclplla- tion reported was light, and private crop advices from both eastern and wtstern belt sections indicated con tnued deterioration. One of the prl- vate midnnonth reports was issued on Thursday, indicating condition of eel. compared with 70.3 toward the end of last month, and pointing
 
 in the condition of Texas. This tended to confirm the news reaching the trade from scattered sources con corning Texas crop conditions, and some of the private reports claimed that it was getting to be too late for rains to do much good. Buying on the bullish character of the crop news was probably held In check by complaints of a continued poor trade at Manchester and unfavorable cen tral European conditions, but ther" were reports of little nioI 1 os-.iand for early new crop shipment from the southwest. Rather a more active de- mand for cotton goods was reported in the domesNc markets tnward the end of the week, but nothing was heard of any increase in mill activ lty, and, judging from current com ment, some members of the cotton grade here are still doubtful as to the absorption of early new crop re- ceipts. The latter are expected to be heavy, as the maturity of early cotton in the southwest is supposed to have been hastened by the dry hot weather.
The Birmingham age-herald., 1923-08-10
| REPORT OF SHORT CROPS FOLLOWED
 BY WHEAT GAINS

CHICAGO, Aug. 9.-Estimates that Kansas and Nebraska this season have TO surplus wheat and have only, raised enough for their own mill and seed requirements did a good deal today % lift wheat Va 'ues here. The market closed firm. 5-S c A to bc net higher, with September 99 1-S0 1 :N .g 4c anJ rcLemhc1 1O213 to 102 5-S. Corn finished at 3-S to 5-Sc gain, oats F q 5-Sc to s4 c 7-S up and provisions unchanged to 7c down.
 At first the wheat market had something of a downward tendency, the result of hedging sales and the . fact that buying appeared to be or a scattered character. Later, now ever, it became evident that offer ings were passing into strong hands. At this juncture, reports from Kan sas City indicated that domestic mill CTS were actively purchasing choice hard water wheat there. MlllerS were also said to be good buyers or wheat on track in Chicago. The reason given, that Kansas and Ne braska were no longer to be counted as among the 1923 surplus produc- ing states, was soon followed by an upward swing in prices to new high level for the week.
 Continued bullish crop reports from the Canadian. northwest aided the ascent of the wheat market. Ac- cording to current advices, damage to Canadian wheat has been much heavier than was looked for, and se = rious further curtailment by frost seems likely Some notice was taken also of reports that differences be- tween United States vessel owners and the Canadian government might interfere with prompt handling or Canadian wheat by way of the treat Lakes.
 Corn and oats rose with wheat Shipping demand from both TOT corn
 Tj.euhood of liberal receipts or hogs here tomorrow eased the pro- vision market.
The Birmingham age-herald., 1923-08-10
IRREGULAR PRICE CHANGES DEVELOP M CURB TRADING

NEW YORK, August 9.-Irregular price changes took place in today's curb market, with trading almost of professional nature. Most of the active oil shares fluctuated within narrow limits but gains of to points were recorded by Ohio, South Pennsylvania and Ohio oils. Stand ard oil of Indiana closed nearly point higher at 52, while Cities Serv- ice dropped back 6 on a small turn over. The Wyoming issues improved fractionally.
 New Jersey Zinc sold 2 points higher on reports of improved trade conditions and a similar gain was recorded in Gillett Safety Razor. British American Tobacco issles were active also.
 Weakness of the continental ex- changes caused some heaviness in the new Swiss government 5s which have been traded in on when ls- sued" basis.
The Birmingham age-herald., 1923-08-10
Short Market Flashes

e NEW YORK, August o-Directors of sr the General Motors corporation today de- F clared a 30 per cent dividend paya bIe E2September 12 to stockholders of record of z August 6, on its no par common stock Band the regular quarterly dividends on sT it's and ' per cent debenture bonds and xsG per cent preferred stock. The latter <. three dividends are payable November ss to stockholders of record october $. : NEW YORK August 9.--The maturity z of all obligations falling due tomorrow, si a legal holiday. automatically is extended < 10 Monday, according to announcement .5 by the federal reserve bank and unless < pa yment is made by Monday additional q rediscount will be charged Stock de- ! lveries for todays transactions and those 2 of Saturday also carry over until Monday. NEW YORK, August 9.--Discussing a revival of the report that the Irish Free Estate plans to seek loan in the United s-States, investment bankers express the
 opinion that such loan would meet with
 favor in this country, but that nothing Is
 looked for along this line in the fu- ture. It is considered proba ble that the Irish government may float internal loan at early date
 NEW YORK August 9-Numerous ftraders departed from New York today
 to be gone for the week end. Market
 observers believe that the first real test
 of the effect of the change in adminstra-
 ton in Washington on stock transa ctions
 ~>-i occur next week.
The Birmingham age-herald., 1923-08-10
COTTON NERVOUS, BUT EARLY DROP PARTLYOVERCOME

NEW YORK August 9.-The cot ton market was rather nervous and unsettled today. Bullish private crop advices caused partial recoveries from a sharp opening decline, but the detailed weather reports showed showers in Texas and after selling up from 22.S0c to 23,14c for Decem- Der the price broke back to the early low level under renewed liquidation December closed at 22.29c on cover ing but the tone was barely steady at a net decline of points on August and of 25 to 45 points on October and later deliveries.
 The market opened weak at a de- cline of 43 to 54 points under over night selling orders and scattering pressure encouraged by relatively easy cables, and prospects for lower temperatures in the southwest.
 The decline brought a good deal ol covering and some trade buying which steadied the market shortly after the opening and rallies followed a private report placing the mdmonth con- dition of the crop at 66.1 compared with 70.3 toward the end of July. This report indicated that the con dition in Texas had deteriorated g points for the half month and the later forenoon rally was accompanied py ldIh ol ptltel Oeuldllu 4pI Cob- ton goods in the local market and bullish comment on the showing of the weather map. October advanced from 22.S9c to 2317c and January from 22.63c to 22.93c but fresh buy ing was held in check by the uncer- tainty of weather conditions over tomorrow's adjournment and another wave of liquidation followed the pub lication of the detailed reports show ing showers at Is stations in Texas and three in Oklahoma. Prices on some months made new low ground for the day before this selling sub sided, with October selling to 22.S5c and January at 22.61c or 50 to 56 points net lower, but the rainfall re- ported in the southwest was consid cred too light to do much good with one or two exceptions and the losses were partly recovered in the late trading. Exports today were 4,916 bales. making 44,729 so far this sea son. Port receipts 5,055. United States port stocks 171,843.
The Birmingham age-herald., 1923-08-10
TRADING IS VERY DULL BECAUSE OF HOLIDAY FRIDAY

NEW YORK, August 9.-Price changes in today's stock market were irregular and incop elusive with trading unusually dull because of the holiday tomorrow.
 Germany's determination to con tiuue passive resistance in the Ruhr. as set forth in Chancellor Cuno's speech to the Reichstag, which re- suited in further weakness of the continental exchange rates, cast shadow over the market at the open ing. The decrease of 475,49S tons in the thrilled order of the United States Steel Corporation which was about 75,500 tons more than was expected and the final meeting of the general chairmen of two railroad brothe rhoods to consider wage in- creases also had a somewhat depress- ing influence on speculative senti- ment.
 Selling pressure was most effec- tive agains& the leather, chemical, low priced oil and motion picture company shares. New low records for the year were established by Central Leather, American Hide and Leather preferred, Allied Chemical Famous Players preferred, Manhattan Eaeo- trical SupINy, Burns Brother A and B, Transcont tinental Oil, General As phalt Maracaiblo, Invincible St. Paul
 
 Two of the most constructive dom estic developne of the day were the placing of American Locomotive no par common on $6 annual basis and the esta blisshment of new high record of carl0adings in American railroad history in the week ending July 2S when, 1,O41,044 cars were loaded with revenue freight. Amer fcan locomotive touched 315 after the dividend announcement but dropped a point later for net gain of 3. on the day. Baldwin also closed a. higher at 11215 after having crossed 113. United States Steel dropped to SEA- on a furry of selling after publication of the ton mage statement but snapped back later to S73s, up %.
 Selling of Famous Players issues were predicted upon reports of high bank loans which were expected as heavy production season and the quiet theatre season, involving heavy expenses and reduced revenues. Gen eral Motors was the most active stock on the list, apparently in an ticipation of an extra or increased dividend, but the directors who met after the market closed, declared the regular disbursements.
 French and Belgian francs es- tablished new lows for all time, the former at 5.65c and the latter at 4.23c. Demand sterling improved slightly, being quoted just under S4.5634. German marks also showed slight improvements despite an in- crease of nearly 12 trillion marks in note circulation and a decrease of . 20,000,000 marks in gold holding.
 Call nancy opened at "A but soft ened to 4 F before the close. The time money and commercial paper markets were again quiet with no change in rates.
 Total stock sales 3S2,60O shares z Twenty industrials avera ged 3S.67, 2 net gain .04.
 .@ High 1923. 1O5.3 3S; low S6s1.
 Twenty railroads averaged 77.e0, net gain. 04.
 High 1923. 9O6S; low 76.7S.
The Birmingham age-herald., 1923-08-10
LOCAL MARKETS

4.5o; i75 and smaller, box. s4 50.
 Bansnas-Per h.. 7hc.
 Beans-Lima. California, regular. h., Michigan, lb.. 1Oc' red kidney. h.. 12o; Peas~CaIifornia bIack-eyed. h.. S&c.
 Cabbage-Crate s4.
 Evaporated Apples-seIar brand. 12hc: 5O-lb. box. N. Y. 11hc: 60-l5 oz.. N. r..
 Evaporated Peaches-oo-Ib. box. N. Y, 11Iac; 5o-15 ov.. N. r.. 21c.
 Peaches-Practically peeled. 3o-11. OF. case, ss.50.
 Grapefruit..5! box. ,A75; s4-7o-so box. $5; 46 box, S+ 50.
 Lemons-Cslifornia box $10.50; import ed, box, 9.5o.
 Onions-Whte Texas crate. s4: yellow Texas. crate. $3.75. Florida Val, l5O. S6. 50; Florida. 12S box. 36; California Val. l76-smaiier. S6; loO. s5.75; 126. S5.
 Pinespple-Irish. old. h.. st&
 PeanuIs-Ala. raw, h.. Sc, roasted. h., 8hc; Virginia raw. h.. 10c; roasted. h.. 1o1sc.
 Prunes-California 4o-5o. 25 lb,.. lb.. l6Ac; California 5O-60, 25 lbs, b., l4hc; Cantornia 6070, 25 lbs., h., lS%c; 36-1l oz.. pitted, lSc; 25 lbs, 50-GO h.. llo, 25 lbs. 6O-7O, h.. lUhc; 50 lbs. 6O-so. h., l4c.
 loose. seedless, 13hc; seedess. 5O-9 oz.. Sac. seedless. 5O-l5 oz.. 1bc.
 Irish potaloes-New red. No. 1, 3Ac; No: 2. b., z%e, white, h., 4Ac.
 Tomatoes-Fancy, crate. $6; choice, S4; MississippL crate, S2.60
 autaloupes--CalIGorn!a pony, s4bO: standard, S5 60.
 Peaches-cnoice. s2. 25. fancy. ss 50.
The Birmingham age-herald., 1923-08-10
SUGAR MARKET

V NhN TURK, August 9.--The raw sugar market was steady and unchanged at
 5-8c for Cubas cost and freight. equal to 6lbc for centrifugal, with duty free
 sugars at the same level. There were lsaies of 5000 bags for Porto Ricos and
 refiner
 The raw sugar futures market was flrmer on covering for over the week. end and scattered commission house buy ing, prompted by the steadier feeling in the spot market. Closing prices were 6 iIo 10 points net higher. Closing: Septem- Der, 445c; December, 4.05c; March. 345c May, 3, 52c.
 There was little better demand reported flor refined sugar but prices were un- schanged at 7.90 to cents for fine gran 5ulated.
 ! Refined futures. nominal
The Birmingham age-herald., 1923-08-10
BANK OF ENGLAND

BERLIN, August 9--1The statement of the Bank of Germany of July 31 shows the following changes: Total coin and bullion, decreased 11S. 234 900 marks; gold, decreased 20,000000 marks; treasury and loan association notes, increased 542. 670,- 46S,000 marks; notes of other banks, de- creased STA, ,232,000 marks; bills of ex- 694,000 marks; discount and treasury bills
 increased 14655. 266, 962. 900 marks; ad- Vances, increased 2.2S7, ,6S0 154, 900 marks; Investments. increased 151,656. 900 marks f; other assets increased 09,179,1 ,15s. 900 769 9i6. s9i, 900 marks; deposits, increa sed 7454 ,915,410, 900 marks; other liabilities, increased 4,053,O03, 126.000 marks; total gold holdings, 596,351, 900 marks, of which 9O,O32,000 marks deposited abroad.
The Birmingham age-herald., 1923-08-10

\ NEW YORK, August 9.-Foreign ex- t changes irregular. Quotations in cents EGreat Britain 567s. cables 4. 56 11-16, 6O- tday bills on banks .54 11-16 France, de- mand .65, cables 5.6512. Italy, 4.25ia and 4 26 Belgium. 1. 27 and .27ia. Ger fS7. F F F aCablesand- etaoin tshrdl uIa F t--
 many, .000065 and .0O0067. Holland 39. fl and 39. 4l F. Norway, 16 23. Sweden 26 57 Denmark, IS 24. Switzerland !. IS. 27. Spain. 1S70 Greece. l .91. Poland, 4 0004A. Czecho -Slova6ia, 2-93. Austria, .00141s. Rumania. .50L. Argentine, 33. .BraziL 10. l12.- Montreal. 974s.
The Birmingham age-herald., 1923-08-10
pnTATQES

.aa,,. receipts 2s cars: total United states states shipments, 45s Kansas and Ms, MI souri sacked Irish Cobbsrss; s2 NO; wt l. KaSss sacked Early Ohios, No: | sl 70 so cwt.; poorly graded, S1 so @1 ss cWt; Sna Minnesota sacked Early Ohios' ungraueu' Sl2561.50 cwt.
The Birmingham age-herald., 1923-08-10
Hubbard Bros. & Go.

Members New York Cotton Exchange. New Orleans Cotton Exchange. New York Produce Exchange, Associated Members Liverpool Cotton Association: Or. Cotton and Gotten Seed Oil for future delivery. Special attention and liberal terms given for consignments of spot cot. ton for delivery.
The Birmingham age-herald., 1923-08-10
BANK OF FRANCE

PARIS; August 9.-The weekly state ments of the Bank of France shows the following changes: Gold in hand, in .sCreased 11.000 francs. Silver in hand, in 'crrased 155. 900 francs Notes in circula- = < tion, increased s6.Ssf00O francs. Treasury deposits. increased 415,0O0 francs. General T deposits, decreased 25f,Ss2, 900 francs. Bills discounted. decreased 565, 30 Q 900 francs. Advances, increased eS.326 900 strance: The state repaid the bank 3O0,- .-0O0, 900 francs
The Birmingham age-herald., 1923-08-10

. NEW YORK, August 9-CaU money Steady; high 4A, low Az, ruling rate AZ .e losing bid 41s, offered at Az, last loan z F. call loans against acceptances IA +Time loans firm; mixed collateral, GO 90
 days. 5A 4-6 months 5A. Prime commer-
 cial paYer. 5M5L.
The Birmingham age-herald., 1923-08-10
RANE OE ENcTNn

LONDON, August 9.-The weekly state- ment of the Bank of England shows the following changes Gin pounds sterling): Total reserve, increased 536 900; circuia- tion, decreased 531.00O; bullion, increa sed 4,0S3; other securities, decreased 1,197, 900; other deposits, increased 2559,O00 public deposits decreased 2,357 000 notes re- serve. increased 532,000 government se- curities. increased SS50OO. The propor- lion of the banks reserve to liability this week ia 17,94 per cent; last week 1t was
The Birmingham age-herald., 1923-08-10
BOND MARKET
UNITED STATES BONDS lOn Stock EXchnnge)

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 numerator only.
The Birmingham age-herald., 1923-08-10

new crop months had a steadying effect toward the finish. Closing bids were 4 to Q points lower for near and unchanged to 8 net for late months. Safes, IA 0oQ barrels; prime crude. nominal: prime sum mer yellow. spot $95O; September. 30 55i December. S8 50; March, SS.75, all bid.
The Birmingham age-herald., 1923-08-10
Ouer Priuafe Wires
HUBBARD BROS, LETTER

NEW YORK. August 9.-tSpeciaI)-
 Heavy liquidation by recent buyers brought sharp decline in our market this morning; this selling being induced and Oklahoma. The cotton waB well taken with the market holding steady and quiet at some 30 points below last nights close. private estimate showing a condition of 66.1 with very sharp deterioration in Texas was a rather bullish factor but was offset by the effect of showers and the easier basis for cotton offered in Texas. If these showers should develop into more general rains over the state the market will go lower. On the other hand, if the weather turns off hot and dry again, A recovery could be expected. It Is questionable whether this recovery would last if the basis in Texas continues to be easier. Futures in Liverpool are due tomorrow follows: October 12.97d {, January, 1259d.--Hubbard Bros. X Co.
The Birmingham age-herald., 1923-08-10
crr1CAco Ausust a-Wheat: No.
ATLANTA RESERVE BANK

ATLANTA. Ga. August s.1,(spse,e:iaL) L)-ee of han SRd of Atants S | the close of business August s:
 Resources-Gold coin and certificates in vault. s6.226, sos. Gold settlement fund s33,sSO212 s. Gold with federal reserve agent, $9s175,3s6. Gold redemption fund, sI,ssi osl.5s. Total gold reserve. s1S1,- Non-reserve cash, 3s,ss2O7466. Bills dis tions, 65s9,664.16; all other, sS4.oS4,- S55. 3s; bills bought in open market s7s. 28. United States bonds and notes. s225 s5O. Total earning fassets. $4e,797,- 3so. 2s. Bank premises. SS'Ss7 f4s;74; Gn- ssi5, 55s, S7s .2s.
 Lqbintiss capitsl Paid in ''4dS, adSsrm soo serve account. s5s ,342 9ls "A. all other. $12s023. 54; total deposits. s545lo,7 79s 29 Federal reserve notes in actual circulation, s1S220s, ,035. Deferred availability items S14 263,014 01. All other liabilities $1,o1S,- 276 62. Total liabilities, $215,3bS,57S.2s. Ratio of total reserves to deposits and federal reserve note liability combined | 7S.3 per cent.
 Contingent liability on bills purchased for foreign correspondents, 1,3sS,S1S S4.
 PRODUCE AND POULTRY
 ST. LOUIS. Mo, August s.-sprinss 27c; hens. 2oc; others unchanged. But ter and eggs unchanged.
 NEW YORK, August s.-Butter easy; receipts 11.sS6. Eggs firm; receipts l6,- 4l5: New Jersey hennery whites. 50 c 52c Cheese frmer ,, receipts 1SS2s IsS nnn tG fancy specials. 25 5@25&c; average run, FAC.
 CHICAGO, August s,-Poultry. alive higher; fowls, 17@24c; broilers. 2ec; | aprinRg 3lC: rOoHters, lie. CHICAGO, August s.--Butter unchanged. Eggs unchanged; receipts, s,656 cases | KANSAS CITY. Angst 9.--Butter, eggs, potatoes and poultry unchanged.
 NEW YORK. August s,-Iive poultry poultry, steady; prices unchanged; dressed poltruy | quiet; prices unchanged
 BUTTER MARKET | CHICAGO. August s.-The butter mar ket here today was moderately supplied; but due to the coming holiday followed | two days later by Sunday, feeling Of nervousness prevailed. Dealers were anx- l ious to clean up and buying demand was | firm prices Some premiums of Ac were reported. Under grades, while not plen- tiful. were hard to sell. ,iI The ear market market was notable. Stocks were not 80 plentiful and more firmly held.
 Fresh butter: 92 score 42c. 90 score 4oc, | s1 score 41c S9 score 3s F c. ss score 37 lac, l s7 score 36kc, s6 S6c. 1 Centralized car lots 90 score Inc. s9 | score 40c, sS score 3sc. LONDON MONEY | LONDON, August 9--Bar silver, l 30 15-16d per ounce. Money, 21s per cent; | discount rates, short bills, SIS @3A per cent; three months bills, 3l4 83 5-16 per cent.
 RICE MARKET NEW ORLEANS, August 9.-Rough rice | nominal: receipts 379 sacks. Millers' re- | ceipts 316 sacks. Clean rice steady; sales. l 1676 pockets Blue Rose. 3Ss @4hc. Re- ceipts, 2,O76 pockets. Bran and polish un- l changed.
 | HORSES AND MULES 1 EAST ST. LOUIS, H.. August 9.-Horses and mules steady. Market active. Quota | tions unchanged.
The Birmingham age-herald., 1923-08-10
SPOT COTTON

NEW ORLEANS. August e.--spot cot ton quiet, 50 points lower. Sales on the spot 133 to arrive none. Low middling 22 60c middling 23. 50c: good middling 24c. Receipts 516: stock, 44.s71.
 NEW YORK, August s.--spot cotton was quiet; middling, 24 .25c.
The Birmingham age-herald., 1923-08-10

2 NEW YORK. August 9.--Copper easy;
 electrolytic. spot and nearby 414@l4Ss -Tin steady: spot and futures, 39. Iron
 steady prices unchanged. Lead steady; spot, 6.5O@6 75c. Zinc firm East st. 1; Louis spot and nearby delivery. 6.15 @
 6 20c. Anthony spot, 7.75c.
The Birmingham age-herald., 1923-08-10
STEyyART'S LETTER

BIRMINGHAM. Ala, August 9.-Liver- pool quotations came over just due with light sales of 5000 bales and de- cline of points in their spot prices. Man chester ca bles showed no improved in cot ton goods business but trade in better mood. Our markets opened 25 to 40 points lower than Wednesdays close and ruled narrow but with somewhat n sagging ten dency during the entire session. The if nas were 35 points net loss for the day Spots were quiet and generally followed the decline. Texas spot points sold 4OOO bales yesterday. There was heavy profes- slonal selling in futures during the first hour today probably based on reports of showers in Texas. The contracts were b. sorbed by the trade and scattered buyers. After the first hour however, the trade was of small volume and the market ruled quiet and narrow. The precipitation in Texas did not amount to much, few scattered showers in north Texas and some in the southwest section Only two stations in Oklahoma showed showers Maximum temperatures yesterday were slightly lower. Arkansas, Tennessee and Georgia had rains where not needed. Cot ton is still a weather market and should work higher again if the southwest gets no more rain than was reported today All American markets are closed tomor row.--S. R. Stewart & Co.
The Birmingham age-herald., 1923-08-10
NAVAJ. STORES

DIrTJrTH. August 9-Closing flax; Oc- tobeT. s2 2Sta bid; September. s2 so& bid November, $2.27a. bid; December, s2'2S asked
The Birmingham age-herald., 1923-08-10
n The Days Stock Market Are Irregular And nconclusDe
NEW YORK BONDS

NEW YORK, August 9.--Folowing are todays high, low and closing prices of bonds on the New York Stock EXchange, and the total sales of each bond
 RnilMnN and MlsceIlnnenua
The Birmingham age-herald., 1923-08-10
NEW YORK CURB

NEW YORK, August Swallowing is the official list of transactions on the New York curb Exchange, giving alI stocks and bonds traded in:
 lndubIrtnls
The Birmingham age-herald., 1923-08-10
RAW SILK

NEW YORK, Agust 9.--Raw, silk steady prices per pound Ksnssi dSaSe Sest Ne extra t7 sHSS V4o: Kansai No. l filler, S7 25 Q s355?: shinshu No. 1, s7 2o@7 go; Canton extras, A 14-1s, S7@7 IS; shanghaicChlin in steam filler. gold double deer $S'oVu '' iV'