davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1923-03-09
Condition of Federal
 Reserue Banks Shown

WASHINGTON, March s.-Comb;ned re- sources and liabilities of the 12 federal reserve banks at the close of business March were reported tonight by the fed eral reserve board as follows:
 Resources: Gold and gold certificates. $311, $50 900; gold settlement fund federal reserve board. Ss45,2s5, 900; total gold held by banks. s956, 900; gold with federal reserve agents. s2,o74,o4S,0 900; gold re- demption fund, s527s3, 900; total gold re- serves, s3,os3.641 reserves other than gold. s117633,0 900; total reserves. s3,201274 900. Non-reserve cash. s70,144, 900. Bills dis counted: Secured by United States gov ernment obligations, s330 093, 900: other bills discounted, S241,394. 900: blls bought on hand, $790,373,o 900; United States bonds and notes, S157976,000 United States cer- tificates of indebtedness S1s6, 911. 900. To- tai earning assets. s1.135, ,26O.000; bank premises. 47,9S7,00o. Five per cent re- demption fund against federal reserve bank notes, uncollected items s61S, 956. 900. All other resources. s1711S,000. Total re- sources S5.090. .995.00O.
 Liabilities: Capital paid in. s1os, s52. 900; surplus. s21s,369.Ooo. Deposits: Govern ment, s3s. .773.ooo; member bank, reserve account 79.69T,0O0; other deposits SPA. .392, 900; total deposits. s1.942,s62; fed eral reserve notes in actual circulation. S2,256, 302, 900; federal reserve bank notes in circulation, net liabilities s2.7ss.000 all other liabilities. s12,309. 900: total lia- bilities. s5.09o.9 .995,o0o. Ratio of total re- serves to deposit and federal reserve note liabilities combined, 76. per cent.
The Birmingham age-herald., 1923-03-09
Told by Priuate Wires
HUBBARD's LETTER

NEW YORK, March s-(Special.) )--After an early Improvement to around yester days high under trade buying. The market eased under heavy liquidation by Wall street, induced by reports of an easier basis in the southwest and by ruinors that the eastern belt were inquiring regarding shipments of cotton to this market against May deliveries. A telegram was received by prominent wire house stating as fol- lows: Mfr. Coad of the United States gov ernment experimental station announced this morning that completed reports GOV ering observations taken by the Talulah station indicates the ratio of boil weevil per ton to be 19 as against 127 in the spring of last year. P in 1921. 10 in 1920. in 1919. in 1918, In 1917, 24 in 1916, 10 in 1915. MT. Coad states that these ob- servations cover a certain portion of Louisiana which is used as criterion each year."
 While the price is very high after such an advance a reaction would not be at all unexpected. but we do not believe in being short of the market because there is still large amount of cotton. the price of which must be fixed by the trade Flu lures in Liverpool are due tomorrow: May 16 .O6d, July 15. 09d.-Hubbard Bros. & Co.
The Birmingham age-herald., 1923-03-09
Petroleum Production Much Greater tn 1922

NEW YORK, March s.-The American Petroleum institute estimated the worlds petroleum production in 1922 at s51, $40. GOO barrels, compared with 765 s65,0 900 barrels reported by the United States geological survey for 1921. The increase in 1929 amounted to s4,475 GOO barrels, or 11.3 per cent. The United States produced 551,IsT.- l 900 barrels In 1922, or 64.7 per cent of the total world production. Mexico produced 1s5057,000 barrels in 1922. amounting to 21. ' per cent of the world production. In 1922 the United States and Mexico com bined produced 86. 4 per cent of the world production and in 1921, s7 per cent. Sub stantial increases in production in 1923 were shown by Persia, Peru. sarawak, Ar gentina and Venezuela. while Colombia showed it's first commercial production,
 The daily average gross crude oil pro- duction of the United States increased l roo barrels for the week ending March 2, totalfng 1.795,400 barrels, com mpared with I7S4,700 for the preceding week, &C., cordng to the weekly summary of the iu- stttute The daily average production east Of the Rocky mountains was l165,4o0 bar res, as compared with l,lb4.l0O. an in crease of 1Q,700 barrels. California pro- auction was 630, 900 barrels, the same as the previous week.
 Oklahoma and Kansas showed daily average Of gross production of 495.0oo bar rels. increase of 7,500 barrels, north Texas a decrease of 3,0OO; north LoulS- jana an increase of $50, and Arkansas an increase of 1,S50 barrels In Oklahoma production of the Osage nation was shown as 900 barrels against 109.400: Tonkawa. 67.750 against 60.7o0; Lyons. Quinn. 9.150 against 9.700, and output of the Brstow pool was 56.5o0 barrels the same the previous week. The Mexia pool, central Texas, was reported at 56,- 400 barrels against 56.500; Haynesviie north Louisiana. S52o0 against 34,soo; Ei- dorado, %. .050 against 20,350. and Smack over. Ark. S4.950 against S2,SO0. In the gulf coast field. Hull was reported at It, $50 barrels against 19600 and West co- lombia 20 200 against 21,600.
 There were no changes reported in crude oil prices for the major districts, mid continent being quoted at s1. 50 to S2 69 barrel, according to the gravity of tEe oil: Bradford district, Pennsyivania, was quoted at $4.25 barrel, and gulf coast being quoted at $i. 90 barrel.
 According to figures collected by the in- stitute. the imports of petroleum Ncruds and refined pils) at the principal United States ports for the month of February totaled 1.22I,93l barrels, a daily average of 257 926 barrels compared with s,6O8.562, a daily average of 277695 for the month of January Exports for the week ended March totalcd 2,4223l3 barrels, daily average of 346.053 compared with 1, 1,202,7tI, a daily average of 171,S24 barrels for the week ended February 24.
The Birmingham age-herald., 1923-03-09
REACTIONS AFTER SHARP ADVANCES IN COTTON MART

NEW YORK, March Sold crop deliveries made new high records for the season in the cotton market here this morning, but heavy realizing sales were encountered around 31.47c for May contracts and sharp reac- tions followed May sold off to 30.SSc or 59 points from the high level of the morning and closed at 30.90c, with the general market closing easy 2o to 37 points net lower.
 The market opened steady, points higher on July, but generally to IA points lower under overnight selling orders which were supposed to rep resent realizing and the little hedg- ing from the south. These initial offerings were very readily absorbed and the market soon sold about to 70 points net higher on renewed cov- ering by old crop shorts. Trade buying also was reported on the ad- vance, which carried March con- tracts up to 31.05c and July to 30.50c, while October sold at 26.93c.
 There was good deal of scattered southern selling of the early new crop deliveries, and reactionary sen tment became more general around noon, yielding to less favorable view of the Near Eastern political situation, less builish reports from the southern spot markets and q bearsh interpretation of the boil weevil situation. According to fig ures published here, only 13 weeviI have survived the winter per ton of moss compared with 197 last year. This promoted selling of new crop months and probably increased the disposition to liquidate old crop con- tracts on the decline, which extend ed to 3O.65c for March, 30.05c for July and 30.52c for October. Last prices were within a few points of the lowest.
 Southern spot advices were con- flicting, but number of reports were received indicating a less ac- tive demand and somewhat freer of- ferings in the interior. Exports to- day were 9,266 bales, making 3,75S,- 305 so far this season. Port receipts, 9,441. United States port stocks, 13250
The Birmingham age-herald., 1923-03-09
NEW YORK COTTON FUTURES NEW YORK. March &-Cntton futrr
NEW ORLEANS COTTON

NEW ORLEANS, March 8.-While new high levels for the season were made in the early trading in cotton today the mar ket turned easy around the middle of the morning. felt considerable selling pressure in the afternoon and closed at the lowest of the day at net losses of IT to 38 points, new crops being weaker than the older May closed at 30 5Sc and October at 26c pound.
 The opening was higher In sympathy with a better Liverpool than due, fulther claims that holders of March long con tracts were determined to force delivery of cotton and the unofficial statement by a government cotton specialist that there were no indications that prices had reached the point where consumption being checked. March rose to 31.1 and May to 50 97c, all old crops making new high records. October at it's best traded at 26 .42c, or points net higher. old crops stood Is to "A points net higher at their best.
 The rise was checked by the report from Constsutnople that the Turks were calling al Moslems to the coors and liquidation of March was caused by the coreuation of d few notices, estimated at over 1000 bales. Better weather over the best caused considerable selling. but the greatest pres sure induced by telegrams from Tal- luah La. to local brokers, stating that the boil weevl laboratory there had is sued statement that the ratio of live 10 dead weevils per ton of Spanish moss examined was 19 against 127 a year ago.. This was considered highly favorable in connection with the new crop.
The Birmingham age-herald., 1923-03-09
Little Market Flashes

WASHINGTON, March s-Freight traf lie on railroads, according to reports com piled by the car service bureau of the American Railway association, is breaking alt previous records for this season of the year. During the week ending February 24, S30,223 cars were loaded with revenue freight or 101.29S cars more than the total loaded during the same week last year and l71,5Si cars in excess of the loading for the corresponding week of 1921. This was also 12,4+5 in excess of the num- Der loaded during the previous week of this year.
 SPARTANBURG. s. C., March S.--A new plant to cost approximately $5oo.ooo and built to house 10000 spindles and weav ing machinery, is announced to be erected by H. A. Ligon, IT,. vice president of the Arcadia mills. The company already op- crates a S4,o0o-spindle cotton mill near here.
 NEW YORK. March s.-The New York Curb market announced today it had sus- pended trading in Fay Taxicabs, Inc, un- til further notice. Mcclure, Jones & Reed who sponsored the offerings. announced that they had decided not to accept stock, and would make no delivery of the shares. All allotments, therefore. were cancelled.
The Birmingham age-herald., 1923-03-09
sTEWART'S LETTER

BIRMINGHAM March S.--Quotations from Liverpool were about as expected. but sales were better, being 1000 bales, an increase of 1000 over yesterday and 2,000 over Tuesday, Middlings there were 6 higher; quotations. 16.76d. Cables from Manchester were of no interest concerning cotton goods. Our markets opened irresu- lar. above to 12 points under Wedpess- days close. Heavy buying by couple leading New York commission houses forced prices well into another new high, May at New Orleans going within points of 31c during the first hour. but the adj vance met heavy selling. which depressed prices about 40 points and to a final of l 5 to 30 down for the day. Spots were gen orally unchanged to 50 down. the latter being at Dallas. where spot demand was reported as slackening; other points also reported less interest. Stock exchange houses sold a total of about 75,000 bales. supposed to be liquidation; the south sold and Liverpool was seller by balance. The new. was against the market. there being numerous advices of easier spot markets. particularly from the Atlantic points. An interesting telegram came from the gov ernnent farm at Tallulah, La, reporting experimental predictions of less weevil ac- tivity for the coming crop. The weather was good and helped the new crops to lead the decline. Sentiment is mixed In cotton circles We continue to favor purchases of October on weak spots as indications are for d bad spell of weather over Iexas around the middle of this month.-S. R stewart X Co.
The Birmingham age-herald., 1923-03-09
WALLACE TO MAKE TOUR
Secretary Of Agriculture Will Inves- tigate Work Of His Department.

WASHINGTON, March 8. - Score tary Wallace of the department of agriculture will start Sunday night on fve-weeks' swing through the southwest and to the Pacific coast to inspect the varied operations of his department in those sections of the country. It will be his first extended tour for that purpose.
 Secretary Wallace will go first into Oklahoma visiting the agricultural department operations at Woodward. Okla. Several points in Texas will be visited, including Greenville. where important cotton experiments are being made.
The Birmingham age-herald., 1923-03-09
Reactionary Trend In W. Y. Bond Market

NEW YORK, March S-Pond prices gen eraliy were reactionary today in sympathy with lower stock quotations fluctuations being confined to narrow limits. United States government bonds while compara lively quiet, advanced slightly to bring them more in limo with the new govern ment financing announced for March 15 Weakness of central European government liens the feature of the foreign group Mortgages of dividend paying com panies lost ground along with those of the non dividend paying companies in the rail- road division. Louisville and Nashville 4s dropping a point and Union Pacific re- funding 4s receding fractionally.
 An advance of 1A points by Lacka- wanna Steel 5s of 1920 was the feature of the industrial division. Chile Copper Is dropped l point and the 6s were down fractionally.
 Total sales, par value. $11,623.ooo.
 Public offering was made today of S15,- 100000 Duquesne Light company of Pitts burg, ' per cent cumulative first pre- ferred stock. series A, at 11S and accrued dividend to yield about 6.S0 per cent.
The Birmingham age-herald., 1923-03-09
GRAINS Al ANCE ON STRENGFSI CT
 LIVERPOOL NEW 5

CHICAGO, March S.-While await ing the government report on farm resources the wheat market today scored little advance owing to an unexpected upturn in quotations at Liverpool The farm reserve report Which came out after the market closed was generally construed as bearish concerning wheat and bullish regarding corn and oats. Wheat closed unsettled at 1.c to %c net advance. with May $1.ISB to $1.19 and July St.14l5 to sl.14M. Corn fin ished unchanged to asc lower, oats shade higher and provisions show ing 7c to 15c gain
 The government figures on farm reserves on wheat were practically identical as private estimate is sued Monday. Bearish opinion as to the significance of the estimate was based on comparison with last years total, which was 1o,000, 900 bushels less.
 Absence of rain or snow in the southwest and west with continued fair weather appeared to be more or less responsible for upholding the wheat market advance here. which reflected the rise at Liverpool. Mo- tice was also taken of discussion of the advisability of reducing the do- mestic spring wheat planting by as much as 100000 acres.
 Corn and oats held within narrow limits, most of the trade consisting of evening up for the government re- port.
 Improved cash demand gave strength to provisions. Lard touched new high price record for the season.
The Birmingham age-herald., 1923-03-09
INDUSTRY IS CROWNED
Working Girls Are HOnorcd At Paris
 Mid-Lentcn Festival.

PARIS, March S.-Industry instead of beauty was crowned queen of Paris at todays celebration of the traditional mid or mi-careme fete.
 Working girls, selected on merit from various sections of the city
 were dressed as bees" and in car
 riages decorated with leaves and flowers were paraded through the principal streets and boulevards. Later a Queen Bee" was elected and, escorted by the cortege, went to the
 Elysee palace, where she was re- ceived by President Millerand
The Birmingham age-herald., 1923-03-09
PUBLIC NOT PLEASED
Cummins Says Nation Not Satisfied
 With Doings Of Congress.

DIES MONIES, la, March s.-The public is dissatisfied with what the administration has done and left undone, said Senator Albert B. Cum mings, in discussing the work of the Sixty-seventh Congress, just ad- journed, upon his return from Wash ington today.
 Senator Cummins anticipates re- turning to Washington in May for the taking of testimony upon which he will base program of gen eral legislative review of the rail road laws of the country.
The Birmingham age-herald., 1923-03-09
BUTTER MARKET

CHICAGO. March S.-Trading in the butter market was light today and the tone was easy and unsettled; stocks were very light today however. and no real weakness developed. Price ranges were narrow. The undergrades were firm and some premiums were paid. while the me- dium scores were easy. and many dealers were willing to make concessions. Ninety two score was firm and in fair demand. Supplies oi the car market were light.
 Closing prices, fresh butter: 8e score 44Ec S7 score 45c, SS score 45lsc, 89 score Acc. 90 score 46hc, s1 score 47c, 92 score 471ac.
 Centralized car lots: ss score +sc. 30 score Ac.
The Birmingham age-herald., 1923-03-09
COTTON sEEn o1I.

NEW YORK, March S.-Cotton seed oil advanced 10 to Is points through covering of May shorts and local buying on the strength In crude oil and lard and higher tendency in tallow and greases. Realizing sales prompted by the late downturn in cotton brought a setback. Sales 22,2O0 barrels Prime crude, s10.25c, sales and bid. Prime summer yellow spot, II 45c bid
 bid. - VI VI,
The Birmingham age-herald., 1923-03-09
POULTRY AND pRoDUCE

NEW YORK, March s-Rutter steady; receipts, S.02S; creamery higher than ex- tras. 47ia @4sc: creamery extras 92 scsre. 47c. Eggs irregular; receipts, 19,7s0; New Jersey hennery whites, uncandled extras, 40 46c; state nearby and nearby western hennery whites, firsts to extras, 39 q 43c. Cheese steady; receipts, 173s1l pounds.
 NEW YORK. March s.-I.ive poultry quiet and unchanged; dressed poultry ir- keys, 2a a@sSc.
 ST. LOUIS, March s.-Hens 2114c; springs 27c: ducks e7e turkeys. soc others unchanged. Eggs, 2slac. Butter, 4sc.
 CHICAGO, March s.-Butter lower; creamery extras. 47c: standards, 4e1ac; ex- tra firsts, 46@46lac; firsts. 45945isc; seconds. 44@44Iec. Eggs lower; receipts 12.635 cases; firsts. 31G311ae; ordinary
 KANSAS CITY. Mo, March s.-Butter and eggs unchanged hens, 1c higher; poultry unchanged.
 CHICAGO. March s.-Poultry. alive. un- changed.
 NEW YORK, March s.-Buckwheat easy; American. s2.10: Canadian. SI 92 asked. Lard firmer; middiewest s12.46@ r 55. Other articles unchanged.
 CHICAGO VEGETABLES
 CHICAGO. March S.-Sweet potatoes. celery, strawberries, cabbage and tomatoes Texas bushels curly best s1 6n1 25; broad leaf. s1 4o p1. 50; Louisiana barrels s4 e 5.
 HORSES AND MULES
 EAST ST. LOUIS. Ills. March s.-Horse and mule market steady to strong; un- changed.
The Birmingham age-herald., 1923-03-09
CASH GRAIN

TOLEDO. March S-cash wheat. s1.36t 1s .S7is. Clover seed, S15. Alsike, slo5o Timothy, s3,35.
 ST. LOUIS. Mo, March s.-Cash wheat: No. red. sl.37q 3s; No. 2 red. $1.s0Q :$4: May. Sl.I75s; July. s1.11ss. Corn No. white. 4T4iac; No. 3 white. 7Sis c {; May, 7iSsc: July, 76c. Oats: No. white,
 CHICAGO. March S.-wheat: No. 3 red. s1.29A; No. hard. sl 1901 19k. Corn: No. 2 mixed. T3i4 G173$.c; No. 7 yellow. 74A G74iac. Oats: No. 2 white. 45s4 q 461ac; No. white, AZ c 45c. Rye; No. 2. s1ia g S1 %c. Barley, 6Sm71c. Timothy seed $5 90 Gp C 50. Glover seed s1350p 2o.50 Pork nominal; lard. s11 ,sf; ribs, sl0. Gp i1.50.
 KANSAS CITY. Mo. March s.-Cash
The Birmingham age-herald., 1923-03-09
HIDES AND WOOL

HIDES AND WOOL No. 1 Green Salt Hides-loc. No. 2 Green Salt Hides-9c. No. Green Fresh Hidcs-sc. NJ. 3 Green Fresh Hides--7c. No. 1 Dry Flint Hides--13c. No. ! Dry Flint 1iles-12c. No. l Dry Salt Hides-l2o. No. ? Dry Salt Aides-1lc. Sheep Ckins--1- C 76c. Goat Skins-1o03 soc. Hog Skins--l0 Q 1bc. Horse Hides-$l02.ko. Tallow-406c
 Beeswax-20 O. 2zc. Clear Grease Wool-30o33c. Bury Wool-l70 01sc. Clear Washed Wool-3s Q lec. Ginseng-Wild. S708.
The Birmingham age-herald., 1923-03-09
DoREMus. DANIEL & co.

NEW YORK, March S.--Activity con tinues only in the highly speculative, in dustrisls They move in groups. Ihey seem to lose one day what they galned nervous market with large traders getting out of one line and into another, and bear oparators feeling for the top.
 Cotton: We are having reaction whicn Is perfectly natural after an advance or nearly 175 points this month. But the market has received such strong support upon each setback of 40 to 50 points shat we find a more or less prevalent disposi- ton to expect a reptition of recent sharp recoyeries Some doubts as to further ad- vances arise from reports or much eas'si spot markets in the eastern belt, but as stocks are very small and as merchants are heavily committed to mills Tor iater shipments this is regarded as only tenn porary condition. Weather for crop prepa- rations is excellent all over the cotton belt, and the new crop months feel the influ- sncc of the present favorable OUTLOOK.
 Chicago grains: Wheat has. held within a narrow range all day. closing with the May s4 higher than last night and de- ferred months about isc up. The strong Liverpool cables gave the market firm tone on opening. and at no time was any great pressure apparent. The trade was inclined to await the government figures on farm reserves and good deal or to- covering in anticipation of these figures. Outsid. milling demand reported good ex. ccpt at Winnipeg. Corn: Held steady all day advancing around noon on good deal of evening up, and just before the close encountering quite liberal selling, which of small proportions although the news was bulliSh. Export demand was again in cvidence.--Doremus, Daniel X Co.
The Birmingham age-herald., 1923-03-09
PORT MOVEMENT

New Orleans: Middling. 31c; receipts, 251s exports 1.35U; sales. 1,77o; stock. 173.e7S.
 Galveston: Middling, 31c; receipts. 2,804; exports, 7,616; sales 3S60; stock. 237,137. Mobile: Middling. 30. soc; receipts, 516; stock .6.S0O.
 Savannah: Middling, 30 e2c; receipts, 1,51S; exports. 300; sales. 11s; stock, 54, 16G.
 Charleston: Receipts 4s9; stock. 45.75s. Wilmington: Middling, 30.25c; receipts, 4e7 stock, 27.115.
 Texas City: Stock, .6,ss7.
 Norfolk: Middling, 30 63c; receipts, 48s sales, 349; stock, S7.835.
 Baltimore: Stock, 316o.
 Boston: Middling, 31 zoe; receipts. $50; stock, 16.6o0.
 Philadelphia: stoc.t. 4614.
 New York: Middling, 95c; stock, e4, 27s.
 Minor ports: Stock. 7.e5s.
 Total today: Receipts, s,441; exports, 9,26s; stock. 7327s2.
 Total for week: Receipts, 71,35o; ex- ports, 42,703.
 Total for season: Receipts. 6,o3a,7os; ex- ports 3633,323.
The Birmingham age-herald., 1923-03-09
ELAN SEEK

DULUTH. Mnn., March s.--Closing flax seed: March s?, bid. May s2.7sh asked.
 Ju.y S2.72a bid.
The Birmingham age-herald., 1923-03-09
POTATOES
cnIcAcn M.

CHICAGO, March s.-Potatoes steady
 on northern stock weaker on Idaho; re- cepts. 5l cars; Wisconsin sacked round whites. 90cQ1 cwt; few best at S1 05 cwt !;
 Minnesota sacked round whites, s5Gs0c l cwt Idaho sacked russets. s1.25@1 50 cwt.
The Birmingham age-herald., 1923-03-09
Puts and Calls

$40 to SIPS controls 100 shares of any listed stock on N. Y. Stock Exchange No further risk Move of 5 points from op- tion price gives you opportunity to take $500 profit; 8. $500. etc. Write for free circular.
 R. PARKER & CO, 50 BROAD ST., N. Y.
The Birmingham age-herald., 1923-03-09
LIVE STOcK
FISH

(Standard Fish Company Gray Snapper-Per h.. I4c. Red Snapper-Per io.. 21c. Spanish MacIereI-ter h., 2cc. Pompano-Per b., Soc. Salt Water Trout--per b. 22c MulleSPer h.. loc. Oysters-Chesapeake Bay extra sslsct, S2.5O per gallon.
The Birmingham age-herald., 1923-03-09
DRY GOODs MARKrr

NEW YORK, March S.-Cotton goods were fairly steady, but quieter in today's markets. Raw silk was unchanged with sales light. Buraps were easier Wool goods were firm. Knit goods steady.
The Birmingham age-herald., 1923-03-09

STATE AND MUNICIPAL BONDS Alabama 3hs. 1856 ...... s4 6; Alabama As. 1856 ............ S5 S7 AIaDama +t7s is5O-5o. 4.26 basis City of Birmingham. 4.4005 basis JeIleison County. 4.toWo.ao basis Jefferson county warrants, 5%W8N basis
The Birmingham age-herald., 1923-03-09

Many locomotive engineers regard it as unlucky to enter the cab with the left foot first.