davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-09
RAW SILK
NEW YORK, May S.-Raw silk un-
changed


NEW YORK, May S.-After opening
points lower to points higher, the mar
ket for coffee futures sold up few points
on fairly steady early cables from Brazil
and was prompted by the better tone of
stocks. July sold at 9.i5c and December
at sole, but there was realizing at these
figures. and prices weakened owing to
easier later cables from Rio. July reacted
TO 9.92c and December to 80. The
close little up from the lowest, but
showed net decline of to % points. Sa &.
were estimated at about $4,000 bags. Clos
ing quotations: May . CSC. July 3 35c, Sep
TENDER s35c, December 1850. March
7.91c.
Spot coffee was reported in fair de
mand with Rio is quoted at 117sc and
Santos As and IS at 1S.50G14.soc for
prompt shipment and at II soc Tor July
September shipment Rio Is were reported
At 10.25c for May-June shipment. The
early cables from Rio showed no change
in exchange rates, with decline of only
20 reis in the Rio market. Later. howe\r
Rio was 100 to 500 reis lower, while there
0aying rate and decline of SID in the
rate on London. The Santos market was
unchanged to 175 reis lower. Brazilian
port receipts. 5000; Jundiahy, 5000.
COTTON SEED OIL
NEW YORK, May s.-Cotton seed oil
was firm. the upturn being in the way of
slump. Shorts were the principal buyers.
The improved tone OF the other markets
affected pit sentiment. May closed 30
points higher and the balance Is to "a
points up. Sales. 21400 barrels. Prime
crude. 9.5009.75c: prime summer yellow
spot 11.2541l.60c; May, 11.S5c; July,
11.o4c: September 1o.s9c, all bid.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-09

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, 1923-05-09
as Ouersold Seen In Quick Recovery
NEW YORK CURB

NEW YORK, May S.-Folowing is the
Off sl list of trsnsa ctons on the New
York curb Exchange, giving all stocks and
bonds traded In
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-09
FOREIGN BONDS
ION Curb Market)
Told by Private Wires
UIRBARD'S LETTER

NEW YORK May s.-tSpecial. over
night selling orders caused further nreak
in the call this morning, but the market
has gradually improved under the ihiiu-
ence of a better stock market and DE
cided improvement Ia the demand Tor sPVt
cotton in the south. New England MUS
were also fair buyers with the result tnat
in the early afternoon the market al
vanced into new high grounds for the DAY;
We believe that further recovery WI,
tale Mace and that the market has had
its liquidation. Futures in Liverpool are
due tomorrow: July 13. 36d, october
IL 46d.-Hubbard Bros. x Co.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-09
BOND MARKET
UNITED STATES BONDS


Readers should note that Liberty bonds
quoted in dollars and thirty seconds
OF dollars instead OF dollars and cents.
The fractions are designated by giving the
numers tor only.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-09
NEW YORK BONDS


NEW YORK, May S.-Folowing are
today's high, low and closing prices of
bonds on the New York Stock Exchange,
and the total sales of each bond
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-09

NEW YORK, May s.-Foreign exchanges
irregular. Quotations in cents: Britain,
demand ISL cables sly. 6o-day bills
on banks 4.59is. France, demand 6 70 Y
cables $50. Italy, 4.s4 and 4.S4h. Bel
GUM. 5.72 and 5.721a. Germany. .0o27 "a
and .0o27%. Holland. 39.os and 80 II.
Norway, 1872. Sweden, $3.50. Denmark
is. Go. Switzerland, Is. Spain, 10 %. Po-
land .002o. Greece, As. Czecho- Slovakia,
O. s5. Argentine, $3.50. Brazil, 10. 65,
Montreal, 9S lis.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-09
NEW YORK STOCKS

NEW YORK, May s.-Foilowing are
today's sales, high low and closing prices
of stocks listed on the New York stock
Exchange;
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-09
----'Ss------7--'
FLAX SEED

DULUTH Mimi. May S.-Closing flax
on track, S2.94@ M2. 96A May, 81 .94A
asked; July. s2.76 asked; September, s257
bid; October, So 81.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-09
NAVAL STORES

SAVANNAH. Ga, May S.-Turpentine
firm. Sales, SIS: receipts $40; shipments
239; stock, 3,59s.
Rosin firm: sales, 800: receipts, 1881;
shipments. 1855: stock, $3.50. Quote: b
$40. D. f. f. S4.75; G. II, l., K NJ,
$3.50; n, Is; VIC. IS 40; WV, s6.25.
JACKSONVILLE. Fla, May s.-Turpen-
tine firm. Sales. 1892 receipts. s6S; ship
ments, 800 stock. 10,264. Rosin firm;
sales 1.033: receipts. 2.s4s; shipments 40;
stock, 1l2,074. Quote: n to d, $3.50; f,
81 So; F to l. 81. 20: X. 81 .72h; NJ, $4.75;
n SIS. l6; VIC, IS 40; WV, 500.
NEW ORLEANS. May s.-Roush rice
duh and quiet. sales none; receipts none.
Clean rice quiet: sales none: receipts.
SAP pockets. Bran and polish nominal.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-09
Hubbard Bros. & Co.

STEEL
NEW YORK, May s.-Cteel unchanged.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-09

CHICAGO, May s.-Armour OF Delaware.
80: Armour preferred. ssh: Common
wealth Edison, 1884,. ibbyMcNein, ga. :;
Middlewest Utilities, as; Standard Gas 4,
Swift g. Co.. l03A; Swift International l.,
1874; Union Carbide. Soy; United Iron
Works, So VAIL, 45ia Western Knitting
81; Yellow Manufacturing b, 269; Yellow
Taxi, 90l2.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-09

HORSES AND MULES
EAST ST. LOUIS, ILL.,, May s.-Horses
and mules steady. Quotations unchanged
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-09

NEW YORK, May S.-Cop.Jer steady
electroytic, spot and futures, l6 a lsss.
Tin easier: spot and nearby, 80. So q 40. 7bc:
futures. 43.75Q43si. Iron steady; prices
unchanged Lead steady: spot. 7.50c. Zine
easy; East st. Louis, spot and nearby de
livery. 7.05@7. l0c. Anthony spot. 7.75c.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-09
VONDON MONEY
METAL. MARK Ell

LONDON, May s.-Bar silver, 327sd per
ounce Money, IL per cent. Discount
rates. short bills, ! 4. q :. per cent. Three
months bills, / l5-l6G2 per cent.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-09

FOREIGN EXCHANGES

NEW YORK, May S.-Foregn bar silver
67Sc. Mexican dollars, 81 NC.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-09

NEW YORK. May s.-Csll money firm:
high. ~. /; low. "a ruling rate, 3. clos
ing bid, ia offered at ~; last loan
4L4 Call loans against acceptances, AZ
Time loans firm. Mixed collateral, 6o-a0
days. 5l4. 40 months, 5A 5ia. Prime
commercial paper. 545A.
The Birmingham age-herald., 1923-07-06
Ouer Priuafe Wires
STEWARTs LETTER

BIRMINGHAM. Ala. Jaly 5.-Liverpool came over slightly under expectations and weakened 10 points further before our opening. Sales continued light at 5000 bales and spots quoted 31 points lower. Manchester cabled business dull and re actionary feeling existed among trade
 Our markets opened about 20 points lower than Tuesdays close and declined 20 points further in the first hour on the weak Liverpool and general selling, much of which came from the New Orleans ex- change, but after the issuance of the Washington weekly crop summary the market turned and regained all of the losses, bringing the finals 10 to 40 points higher on the July options and 10 points higher on October over the previous close. Spots were quiet and quotations irregular, prices ranging from 26.60c at Fort Worth to 2Sc at Memphis. Details of the weekly weather report emphasized the weevil in all states and gave particularly bad re- ports on Georgia. The market also had become oversold on the decline of cents In a week and was technically in shape for a rally. Wall Street covered consid - erable cotton, and the general trade who sold early bought higher later on. Ma jority sentiment remains reactionary and bears were inclined to regard today's up
 turn as only natural reaction. Sales of October on these upturns will doubt
The Birmingham age-herald., 1923-07-06
GRAIN UNDERGOESI SAG ON SPURT IN
 WHEAT MOVEMENT

CHICAGO, July 6.-Grain under went a material decline In price today owing to the increasing movement of the new wheat crop and as result of favorable conditions for the growth of corn and oats. December corn and all deliveries of oats touched a new low price record for the season. Wheat closed heavy, E. to 1 4 cent net lower, with July and September both $1.02A to s1.02as and December $1.05% Corn finished at 1A cents decline, to a shade ad- vance, oats 1as @1h to IF o Is cents off. In provisions, the outcome was 10@12 cents to 27 cents advance.
 Except for brief time at the out set, wheat trading lacked volume, and prices faded in the absence of any particular demand. Lack of sus- tained buying interest on the part of spectators was especially apparent. An unexpected upturn in Liverpool quotations was chiefly responsible for a little initial strength here, and 1t was said also, that conditions like ly to promote black rust were prev alent in the domestic spring wheat belt. New export business was of un- impressive amount and general pur- chasing appeared to be checked by word of liberal receipts at various points in Kansas and Oklahoma.
 Lowest prices were reached In the wheat market during the late deal- ings, with no aggressive support in evidenc, and with early buyers sell ing off. Bulls failed to make any headway with reports of blacg rust damage in Indiana, and it was denied that Franco had decided to acquire three months supply of wheat to off set recent crop damage.
 Liquidation on the part of holders Q fn in, D6k the end of the day. Rallies, though, quickly ensued. July quotations momentarily showed drop of cents from the opening
The Birmingham age-herald., 1923-07-06
REACTION STILL IS UNDER WAY M THE BOND MARKET

NEW YORK, July 5.-In the ab sence of any effective buying support, bond prices continued re- actionary in today's relatively quit dealings. Weakness of the New Haven issues was the outstanding feature, not losses of to 5A points being recovered by the active liens of that road.
 There were a few gains recorded in the foreign list but most foreign bends were reactionary in sympathy with the lower exchange rates. Ser bian ss dropped A and most of the French issues recorded fractional losses on the day. United States government bonds opened firm but eased slightly in the later dealings.
 In addition to the New Haven is- sues the weak spots of the railroad list were Minneapolis and St. Louis refunding As, off 2h, and Seaboaro Air line adjustment 5s, New Orleans. Texas and Mexico income 5s, Union Pacific convertible As and St. Paul re- funding 4As, off % to 1A points. Atchison adjustment As stamped gained nearly point. Local fractions were heavy.
 Wickwire Spencer Steel Is, Steel
The Birmingham age-herald., 1923-07-06
CLOSE IS STEADY FOR GENERAL LIST
 WITH SMALL GAIN

NEW YORK. July 5.-A further de- cline during today's trading in cot ton was followed by covering, which appeared to be started by rather less favorable weekly review of crop conditions from the weather bureau than expected and was later stimu- lated by reports of better tone in the stock market. After selling off to 23.22 or points net lower, October rallied to 23.8S, or 23 points net higher and closed at 23.77. The general list closed steady at declines of to z points on August and September, but generally 15 to points net higher.
 The market opened easy at de cline of 2 to 20 points, in response to weak Liverpool cables and reports Of good weather in the south over the Fourth. There was considerable buy ing by some houses with Japanese connections, but the demand was readily supplied with selling encour aged by expectations of a very fav orable weekly weather report the unsettled early ruling of the stock market, and the complaints of a poor demand for cotton goods. July was relatively easy under liquidation, selling off to 25.5O or 47 points net lower. while new crop months showed net losses of about 40 to 43 points with December touching 22.75 during the middle of the morning The weekly review of the weather bureau said that cotton had made fair to very good progress except the late planted in dry sections where 1t was poor, but mentioned so many poor spots In the belt and contained so many references to increased weevil activities. that 1t proved dis appointment to recent sellers. This started covering and the afternoon market was distinctly steadier. There seemed very little July for sale after the early break and that month led the rally selling up to 26.45 or 40 points net higher, while new crop months showed net advances of 15 to 23 points with December selling at 25.oS. The close was to 20 points from the best under realizing.
 Port receipts today 1,252 bales; U. $. port stocks 273,SS3: Exports to- day 5o4, making 4,679,6O0 so far this season.
The Birmingham age-herald., 1923-07-06

NEW ORLEANS, July 5.-The early ana midsessions in the cotton market to- day brought declines but the late Session saw wide advances, carrying prices from nfa.s net declines S to net gains of the day, the Close being 8917 points net higher with July at a range of 26.3s@26.42c a pound ana October at 23.os@23.13c. For awhile, Juiy was almost inactive and liquidation m mat position appeared to have been carried to an advanced state.
 Poor cables and the raising of the Bank or England rate to per cent caused lower opening. Weakness in English con sols and the easiness in the stock mar ket on this side of the water helped to max make .suyy very soft market for awhile. Fur Iner selling arose the dry and fairly warm weather over the belt and also on The general tone of the official weekly weather and crop reports which was con sldered good. Prices drifted off until they were f044s points under the close of tuesday, July trading as low as 25.sss and oclooer as low as 22.47c.
 soon after midsession shorts com mhenced to cover in large way and new buying entered the market on the jdea shat sfas, m reaction was due Rallies in the ma and and. late in the day, July was up t6 tS 1o;tzc ana October up to 23.2oc, with the trading months showing net gains over tuesdays close of 1s@2S points.
The Birmingham age-herald., 1923-07-06

that the cloth market was slle and Liver pool said that spot arrivals there were receiving little attention. One cablegram reported the dock workers strike spread ing to Liverpool Rather extensive cur tailment reported in New England. with the largest mills in the world closed down until July 16
 Little rain fell over the belt over the holiday and temperatures were not far from normal The weekly crop reports favorable some people expected. The more conservative view was that the crop be expected al this time of the year. Sentiment seems to be against the mar ket in the long run, but many traders are predicting upturns for the near future, as they seem to expect further covering by shorts. DOREMIS. DANIEL & co.
The Birmingham age-herald., 1923-07-06
PORT MOVEMENT

New Orleans: Middiing. 27c; receipts. l27; sales, 256; stock, 57,4s1. Galveston: MiddlinE 2755c. saies sso. stock, 33,424. 'oV' Mobile: Middling. PIC; receipts, 2so; ., Savannah; Middlins. 272oc; receipts, S1; stock. 1s,470. Charleston; Receipts. 60: stock, 25.422. Wilmington: Receipts 71s; stock, 7ls7. Texas City: Stock 13
 exports 504 stock 32,4Il. VI Baltimore: Stock, 1,442
 Boston: Middling. 27.76c; stock, 7,1oo. Philadelphia: Stock. S,s1s.
 ,se Sew York: Middling. 27.e5c; stock. Minor ports: Stock. 2,sss.
 "A Total today: Receipts. 1.262; exports Total for week: Receipts 1s.761; ex- Total for season: Receipts. b,75s,os.;
The Birmingham age-herald., 1923-07-06

a rally we mean a larger advance than the so-called rallies of last Thursday and of Monday.
 New Orleans daily letter on cotton by private wire to Doremus Daniel & Co.,.
 NEW ORLEANS, July 5.--In the early and middle portions of the session today the cotton market fell off under unfavor- able foreign news and what cOnsid- cred to be at least fairly favorable crop news Later on covering movement set in on the short side and 1t caused strong recoveries which lasted until new ad- vances were established. Rallies in the stock market helped this advance. July became inactive late in the day. As the market advanced there were reports that spot houses were beginning to do some hedge selling against the new crop, which served to bring into prominence claims that considerable cotton would be moving in Texas by the middle of August
 Foreign news, regards politics, was considered unfavorable and the rise to 4 per cent in the Bank of England rate caused some selling. Manchester cabled
The Birmingham age-herald., 1923-07-06

New York daily stock letter, by private wire to Dorcmus Daniel x Co.,:
 NEW YORK, July 5.-After several is sues had made new lows for the year this afternoon the prices had advanced appre- ctably It seems to Us as if the selling fresh liquidation into the market. and traders realizing this. quickly switched their tactics, or at least desisted from selling.
 Three times within the last week. in cludng this afternoon, the market has rallied from new lows made by bear att tacks These rallies have been so feeble and so soon. ended that it cannot be said that the market has shaken itself free from bear raids, although real liquidation IS not as persistent as it was. Ignoring the question of whether We are in the midst of bear market, think the market is shaping itself for a rally and by
The Birmingham age-herald., 1923-07-06

CHICAGO, July 5.-Armour of Della ware, 7s: Armour preferred, "A Common wealth Edison. 127a: Diamond Match. i1o; Libby MoNeill, bA National Leather' % 3k; Swift & Co.,, 100; Swift International IT; Union Carbide. 5H; wahl. AZ West 265: Yellow Taxi. 91
The Birmingham age-herald., 1923-07-06

CHICAGO. July 6.-Cucumbers: North Carolina, bushel hampers, $1.7502; Ar kansas, bushel. s2.26; illinois Climax, bas- ket soc.
 Potatoes steady; Oklahoma sacked Bis. Triumphs, $2.6043; Cobblers mostly $2.75 barrels, $6.26 96.6o, mostly $s.25.
 Watermelons weaker; Florida-Texa bulk. per car. watsons. 2o-So pounds S250@5.
 Tomatoes weaker: Mississippi- Texas 4s flats. $1@L25; few $150.
 Peaches: Georgia 6s. Carmans, 329225 Hiieys. $26o@2.75. Bushels Hileys. $3 @ 3.25.
The Birmingham age-herald., 1923-07-06
MONEY MARKET

NEW YORK, July 6.--Call money firm high. 5 per cent; low: 4M ruling rate. 4h; closing bid. 5; offered at 5N: last loan. 5; call loans against acceptances, {: time loans firm; mixed collateral s0- 90 days. 5@5A; 4-6 months. 596H; prime commercial paper 5.
The Birmingham age-herald., 1923-07-06

and Tube Is, Marine bs and Armour 41as all yielded l to 1R points on the day but Montana Power 5s and Tobacco Products Is registered good gains
The Birmingham age-herald., 1923-07-06
MINNEAPOLIS FLOUR

MINNEAPOLIS, Minn., July 5.-Flour unchanged to 10c higher; family patents s6.25 6.30 barrel; shipments, 65,6O9 barrels Bran $20.50@2l.
The Birmingham age-herald., 1923-07-06
NEW ORLEANS COTTON FUTURES
', NEW ORLEANS SPOT, COTTON

NEW ORLEANS. July 5.-Spot cotton Gulet' Sales on the spot. 25s; to arrive none none. Low middling. 2sc; middlng, a7c gooa middljng, 275oc. Receipts, 127
The Birmingham age-herald., 1923-07-06
DOREMUs, DANIEL & co.

prove profitable if weather continues ia vorable.-S. R. Stewart & Co.
The Birmingham age-herald., 1923-07-06
INFERIOR MOVEMENT

Houston; Middling. 274oc; receipts, 646: shipments, $40: sales. 8: stock. 2ls6s Memphis; Middling, 2sc; receipts, sI shipments, 697; sales, 25; stock 50, 1888. Augusta: Middling. 27.5oc; receipts, s7; stock, 19.5s2 St. Louis: Middling. 2sc; receipts, ess; shipments 673; stock, S21s
 Atlanta: Middling, 26.75c.
 Little Rock; Middling. c7.75c; ship Dallas: Middling. 27c
 Montgomery: Middiing 27c Total today: Receipts. 1,476; shipments,
The Birmingham age-herald., 1923-07-06

ATLANTA. Ga.. July 5.-(speciai)- Statement of resources and liabilities Federal Reserve bank of Atlanta. at the close of business July 8. 1928:
 Resources-Goid coin and certificates in vault. .e.17s.o355o. Gold settIement fund h.n s2a57sssS;ss; s,c1f!;ss; Total gold held by reserve agent, $1o2.523,3s5. Gold redemp- ton fund: s2.4o5 9S1.53. Total gold re- serve, sl35.6s2.27725. Reserve other than gold, $6.2s2,14s Total reserve. S140.s61,- 42b.26. Non-reserve cash, s511o,672.is Bills discounted: Secured by government obligatiops $6.935,o6s.s1. Ali other $3!,lSs.4! Bills bought In open mar ket, $s.144. 4o2ss. Total bills on hand. Ss3, s6s'sse1s: United States bonds and indebtedness: sssa. Total earning assets ss2!s9,4S21s. Bank premises s2.sos. 52s.s6. Uncoliected items. y2I,5s6,iiosS.
 Liabiiities--Capital paid In, s4.41s,45o. ment, ,7ss s7s.s4. Member b1s' 'SanSs SoVeTs- r.. Sb2b,44s.4o. Total deposits. 357,46s, ssi.se Federal reserve notes ip actual circulation. :lstss3sis5. Deferred availability items !16soabss.os. All other Iabilities ssss.sb4l7. Total liabilities, y22s.alS'
 Ratio of total reserves to deno.it. ana federal reserve note liability combined 73.4 per cent Contingent liability on 337s. .5ss.ss.
The Birmingham age-herald., 1923-07-06
METAL MARKET

NEW YORK, July 6.-Copper quiet; electrolytic, spot and futures. 141a a 1+ssc. Tin steady; spot and nearby s3775; fu- lures. $3750, Iron steady, prices un- changed. Lead steady; spot, S65O. Zinc quiet; East St. Louis spot and nearby, $5.7 Q 5.S0. Anthony. spot. S6.s5 q 6s.5.
The Birmingham age-herald., 1923-07-06

FLAX SEED DULUTH, July 5,-Ciosing, flax: July ss.S4 asked; September. s2,s2; October SPA asked.
The Birmingham age-herald., 1923-07-06
CHICAGO POTATors

CHICAGO. July 5.-Potatoes firm; re- ceipts. 136 cars; total United States ship ments. b23. Virginia barrel Cobblers, $s. 25 @s.6o. mostly $s.25: Oklahoma sacked Trfumphs, s28o43; Oklahoma sacked Cob blers, mostly $2.75.
The Birmingham age-herald., 1923-07-06
CHICAGO STOCKS

NEW ORLEANS RICE NEW ORLEANS, July 5.-Rice quiet no sales: no receipts