davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1924-06-22
BUTTER MARKETS TO
 SHOW WEAKNESS
Large Increase In Receipts Is
 Expected In Near Future

CHICAGO, June 21.-Heavier re- ceipts which did not clean up rapidly and an increased movement into stor- age were responsible for the weak con- dition of the butter market during the week. Production is increasing and with continued warm weather and pas lures in excellent condition an increas- ed flow of milk is expected to affect receipts during the next few weeks.
 At the four points markets, receipts during the week increased 10 per cent over the previous period and 2.5 per cent over the corresponding week last At the same time 2h million pounds more moved into storage over the previous week.
 The June monthly storage report for the United States made public during the week, showed on hand June 1, 23,32S,000 pounds a surplus of over 12,000,0O0 over last year and four mil lion pounds heavier than the five year average.
 Foreign markets were slightly firmer
 Closing wholesale prices and range 92 score butter follows:
 Chicago F cent lower at 39 New York F cent lower at 41h; Boston unchaged at 42 Philadelphia F cent lower at AZ
The Birmingham age-herald., 1924-06-22
STOCKS AND BONDS
 CONTINUE UPWARD
Easy Money Rates Furnish Basis
 For Advance

NEW YORK, June 21.-Easy money rates, which are now at tie lowest level in seven years, continued to furnish the basis for a further advance in stocks and bond prices during the past week. The upward movement in both markets was interrupted at times by profit talk ing, while short selling was again in evidence in the stock market, particu- larly in stocks of companies which have been adversely affected by unfavorable trade conditions.
 Bond trading was unusually active, with the foreign recording the best gains The purchase of large blocks of railroad notes from the United States government by local bankers gives an indication of the new fields being sought out for the employment of idle funds. Call money ruled at ? per cent all week with outside loans" reported as low as 112. Six monghs' time money was quoted as low as 31a per cent.
 A sensational advance in wheat prices followed the publication of the gov ernment reduced crop estimates and unfavorable reports concerning the Canadian crop outlook. The slowing up of activity in the stock market re- suited in a number os spectators tenn porarily shifting their operations to the wheat market. \Old crop cotton reacted slightly while new crop prices were relatively unchanged. Sugar held steady in active trading.
 Except for a slight advance in ster- ling exchange, which close darounl 433, foreign exchange rates showed only nominal changes in light trading. South American rates were firm on reports of new financing.
The Birmingham age-herald., 1924-06-22
SLOWLY
 FORGE UPWARD
Trading Marked Chiefly By Activity Tn For 7
 eign Issues

NEW YORK, June 21.-Bond prices forged slowly ahead in today's quiet trading, which was marked chiefly by activity in foreign issues. French obli- gations led brisk advance in this group in initial dealings but gains were reduced by profit taking.
 Buying of the French and other European bonds was attributed to con fidence that today's conference between British and French premiers would lead to an early application of the Dawes plan and possible re-adjustment of inter-allied debts. Various South American loans also continued to ad- vance.
 With inquiry for domestic liens em- bracing large number of semi-specu- lative rail mortgages, gains of point or more were registered by New Haven .Ts, International Great Northern ad- justment 6's, Peoria and Eastern in- come As, Minneapolis and St. Louis refunding As and Denver and Rio Grande refunding 5's.
 Liberty bonds improved fractionally on a light volume of trading. Pros poets that the court decision against the $1 gas law would increase earnings of the Brooklyn Union Gas company carried it's bonds to 2 points higher Rubber issues, however, were under selling pressure as additional com. panies announced tire price cuts,
The Birmingham age-herald., 1924-06-22
WHEAT AND CORN / SURPASS RECORDS
Blighting Heat And Wet Weath
 CT Lift Grains

CHICAGO, June 21.-With trading the largest seen in a month. wheat and corn this week have surpassed all previous high price records for the present season. Reports, of blighting heat in the southwest together with talk of prospective world shortage of supplies did much to lift wheat values. Corn jumped owing chiefly to persist ent wet weather, Despite immense prof it taking sales, wheat this morning compared with a week ago was Sc to 31h @3c up, with corn showing 21ac to 6 cent gain, oats A@A to 115c advance and provisions varying from 12c de- cline to a rise 20c.
 It was only after wheat prices had been soaring continuously for nine days that something of reaction took place. More favorable crop conditions both southwest and northwest led to drop of about 4c from the top fig ures reached, but rallies ensued, and many traders held to the view that the advance of the market was mai or movement due to a decided change in the world supply and demand out look. In this connection it was pointed out that world stocks afloat had shrunk nearly 10,000,000 bushels during the last four weeks, notwithstanding ship ments aggregating 6,000,00O bushels in that period.
 Unusual scarcity of corn offerings here resulted from farmers holding back old crop remnants owing to late ness of the new crop because of too much rain and other adverse conditions. It was asserted in some quarters that the advance in prices had put corn up to an unprofitable feeding basis com pared with hog values.
 More demand for oats as a sub- stitute for corn was noticeable.
 Better export call for lard made provisions average higher, although the stock of lard on hand here is big one
The Birmingham age-herald., 1924-06-22

It is now believed that current produc- tion does not amount to more than 75 per cent capacity. There has been inn provement in the demand for yarns. Automobile production has been less ening and there has been some holding back of deliveries of cloths purchased for upholstery purposes. Knit goods have been very slow; new lines of cloth are going into athletic underwear and ordinary pajama checks are quiet Prices current in primary marks are as follows:
 Print cloths 2S-inch 64x64's, 7%
The Birmingham age-herald., 1924-06-22

NASHVILLE. Tenn. June 21-cat- tie: Receipts, 100. Steady; heavy steers. $775@S.50; beef steers, $7@75O heif- CTS, $797.50; cows, $6@650; feeders, $45oQ6.50; stockers, $3.50@6.
 Hogs: Receipts, 1900. Medium and heavy hogs, 15c lower; throwouts, Sc lower; 200 pounds and up, $74O; 13O to 166 pounds, $6.4o; pigs, $4.40@5. 40: throwouts, $5.50 down.
 Sheep: Receipts, 1000. Steady; choice spring lambs, $11@14; seconds, $7.5O down; cull lambs, $4@5; choice fat sheep, $S.5O@4.50; medium sheep, S2m3: cull sheep, $1 down; bucks, S2.5O down.
The Birmingham age-herald., 1924-06-22
DRY G0nns

NEW YORK, June 21.-Cotton goods ruled quiet today. The largest produc- CTS of cotton blankets announced there would be no change in prices for fall unless cotton advanced. Silk and cot ton mixtures in the gray sold freely.
 Yarns improved slightly on broaden ing inquiry. Burlaps remained un- changed.
 Wool goods and linen markets were quiet, with silk in moderate demand.
The Birmingham age-herald., 1924-06-22

times for the balance of the calendar year! Certain foreign conditions are much more reassuring, and with the delayed buying so far this year, I sin cerely hope and feel that the last half of the year will be considerably bet terI We are planning on a steady pro- duction in reasonable quantity and look forward to a pretty good second half of the year"
 As the foregoing was written as strictly personal letter, you can accept it as giving a true picture.
The Birmingham age-herald., 1924-06-22

64x6o's, 71sc; 3s1a-inch 64x64's, 9asc; brown sheetings, southern standards, 16c; denims, 22@24hc; ticking, 26c; prints 9%c; stable ginghams, 15c 1; dress ginghams 21h @24c.
The Birmingham age-herald., 1924-06-22
UNFINISHED GOODS
 STEADY AND WEAK
Most Of Trading Has Been Done
 At A Loss

NEW YORK, June 21.-Unfinished cotton goods markets have held quite steady throughout the week without any great change in the volume of de- mand Moderate sales of print cloths, sheetings and fine cottons have been made, and in a few instances some con- tract business has been placed. Profit margins have ceased to exist and most of the trading has been done at a loss based on current producing costs. This is tending to still further increase the curtailment of output in mill cen ters. On wide sheetings, some new prices made have failed to increass business. Ginghams, percales, prints, and bleached cottons are being brought from hand to mouth, with few late de liYeries being booked. Liquidation of wash fabric stocks has been general and prices have been irregular, the pres sure being consequence of the delayed business due to unreasonable weather.
The Birmingham age-herald., 1924-06-22
MarketsIAt 4 Glance

NEW YORK-Stocks, firm; oil devel- oped unexpected strength. Bonds, buoyant; French issues lead advance in foreign list.
 Foreign exchanges, steady; francs ad- vance in quiet trading.
 Cotton, lower; bearish crop reports. Sugar, holiday.
 Coffee, holiday. CHICAGo7Wheat, weak; better southwest crop reports.
 Corn, easy; improved weather. Cattle, decline; slow trade.
 Hogs, irregular; mostly lower.
The Birmingham age-herald., 1924-06-22

Did you ever try to keep butter firm in warm weather without ice and decide it cannot he done? Put the butter in a bowl, set this in dish of cold wa ter, cover bowl with clean cloth large enough to permit the edges to hang in the water and you will change your mind.
The Birmingham age-herald., 1924-06-22

Our bankers and business men, who used to be indiffer- ent about the city's re p utation, have warmed up a great deal during the last two or three years and are now anxi- ous that New York should stand well with the rest of the country. The indica- tions gre that moge entertainment will be provided by New Uf-
The Birmingham age-herald., 1924-06-22

More insurance is written in the Philippines by western company than bv any of our gigantic companies in New York, I learned in course of a talk with F. U. .Kiesling, one of the heads of the Vest Coast Life Insurance com pany, who is on a visit in New York from San Francisco. The volume of business being done in the Philippines is steadily increasing, notwithstanding the difficulties encountered in carrying on operations, For example, it takes six weeks to go from Manila to the most distant sub-agent and return. The caribou affords the only transportation in some places. The Philippines offer endow policies, printed in Spanish, and payable in pesos.
 Mir. Kiesling says that the Chinese his company does quite a business from it's Shanghai Offices-also prefer en- dowment policies. Some of them are made payable in taels, some in gold dol lars, some in pound sterling.
 "OHr experience in doing business in the Philippines, in Hawaii, and in China have been both interesting and satisfactory financially" declares MT. Kiesling.
 He was a delegate to the republican convention at Cleveland and then came tolook things over in New York.
 Chalk it up to the credit of the em- pleyers that hardly a word has beer said about reducing wages, notwith- standing the recession that has taken place ln most lines of business. Time was when the first thing though of whenever business became poor was to slash the pay of workers. Today, this is neither thA first thin ? nor tLs second though.
 William M. Wood, president of the American Woolen company, after ad- hitting there has been a letting down in the textile industry in conjunction with general business hesitation, de- clares:
 SNo true American at this time would wish to see any reduction in wages or ins the general purchasing and con- sumption power in the country"
 To be truthful, MT. Wood wasn't always quite as solicitous about work ers as he is today. Like many others, hes has learned a lot during the last dozen years. Democracy has been and is on the march.
 The president of leading western automobile company writes:
 .sI was very much interested in your sensible and timely column of June g, on business conditions. I only hope that millions of people can have the opportunity of reading it in the ya- rious publications which you write for.
 sI believe there is nothing funda- mentally wrong and that the time is here to eon1Nenee to talk about good
The Birmingham age-herald., 1924-06-22
NAVAL STORES

JACKSONVILLE, Fla, June 21.-Tur- pentine. firm; 77h@7Sc. Sales, 400; re- ceipts, 516; shipments. 211; stock, 15472.
 Rosin. firm. Sales, 1915; receipts, 1'o97; shipments. 300; stock, 122.645.
 Quote: B, 4.35; D, $40; E, S4.50; F. $4.55; c, $4.62h; H, $4.621a; I, $4.621a K, $4.65; M, $4.65; N, $4.SO649O; we, S4.7O@575; wv, $6.30@6.37h.
The Birmingham age-herald., 1924-06-22

FLAX MARKET DULUTH, Minn., June 21.-Fla1 closed: July, $2.41h; September, $2.16A October, $2.11h.
The Birmingham age-herald., 1924-06-22

LOUISVILLE, Ky, June 21.-Cattle: Receipts, 100. Closing slow: heavy steers, $8.5069; beef steers, $6@9; heif- CTS, $5@95 cows, $3@6.5o; stockers, $3@ 6; feeders, $5@7.
 Hogs: Receipts, 800. Steady to 1Oc lower; 165 pounds up, $7.40; 120 to 165
The Birmingham age-herald., 1924-06-22
WELCOME
 AWAITS VISITORS
New York Has Developed s Into A City Of
 Hospitality

By B. 0. FORBES Visitors to the democratic convention Nin find New York hospitable city.
The Birmingham age-herald., 1924-06-22
LIVE STOCK

EAST ST. LOUIS, H., June N.- Hogs: Receipts, $500. Mostly 5c lower; good and choice 220 and heavier butch. CTS, 7.35@7.40; pigs, downward to $65O packer sows, steady; largely $6.25@6.35
 Cattle: Receipts, 300. Compared with week ago: Native beef steers, 25c to 5OC lower Texas steers, 75c to $1 lower light yearlings and heifers, 25c to 75t lower; cows, 50c lower; canners and cutters, 25c lower; bulls, 25c to 35C lower; light vealers, $1.25 lower; stock. CT steers, steady. Bulks for week: Ma. tive steers, $7@9.75; Texas steers, $50 $50; yearlings and heifers, $7.750s; cows, $4.25Q550; canners, $202.50; bologna bulls, $4.2565.
 Sheep: Receipts, 150. No demand and no trading. Compared with week ago Lambs, fully $2 lower; some off more closing tone, extremely weak; fat sheep mostly 6Oc lower; yearlings, unevenIy $1.50Q2 lower; bulk good and choice lambs, $13.5O; culls, mostly $6.50; clos ing, top light fat ewes, $5; heavies, $4.
 KANSAS CITY, Mo-, June 21.-Cat- tie: Receipts, 500; calves, 100. For week Beef steers and yearlings, 40c to soc lower; plainer grades off most; weeks top matured steers, $10.50; best year. lings, $10.25; fed cows and heifers, 15c to 25c lower; in-between grades of cows and medium heifers, 25c to soc lower; canners and cutters, 15c to 25c lower; bulls, 10c to 15c lower; calves, soc to $1 lower; bulk classes follow: fed steers $7.7S9s.76; yearlings, $7@s.25; Texas grassers, $5.25@6.50; beef cows, $406; heifers, $6@S.25; canners and cutters $2.25Q3,25; bologna bulls, $4.35@4.65; vealers to packers, $7.50Q8.50; stockeri and feeders, 15c to 25c lower; bulk $5.50@7.50.
 Hogs: Receipts, 1,50o. Market active steady to strong; packing sows, S6.350 $40; stock pigs, scarce.
 Sheep: Receipts, 250. For week; Lambs, $1 to S1.25 lower; weeks tor Arizona's, $15.35; late sales desirable na- tives, largely S14@14.25; sheep, steady to strong; wethers, $6.50@75O; fat native ewes, largely $5@5.50.
The Birmingham age-herald., 1924-06-22
POTATO MARKET

CHICAGO, June 21.-Potatoes, very little trading on old dsstock; market dull i; new, firm. Receipts. new, 26 cars; old, 5 cars; total United States shipments, new, 696 cars; old, fl cars. wisconsin sacked round whites, $1.1001.20; Ala bama and Louisiana sacked Bliss Tri- umphs, $2.40@270; Carolina (barreD cobblers, $3.7504.5O.
The Birmingham age-herald., 1924-06-22

pounds. ss.s5; pigs, s4.2O@5.2O; throw outs, $5.5O down.
 Sheep: Receipts. 1900. Steady; top lambs, $14Q14.50; sheep, $5 down.
The Birmingham age-herald., 1924-06-22

hennery whites, firsts to extras, 39@41c; nearby and nearby western hennery whites, firsts to average extras, 31@3Sc.
 Cheese, firm. Receipts, 140,403. State whole milk flats, held fancy to fancy specials, 241s @26c.
 Live poultry. steady. Broilers by ex- press, 25@43c.
 Dressed poultry, quiet and unchanged. CHICAGO, June 21.-Live poultry, un- changed.
 Butter, higher. Creamery extras, 401c; standards, 39Ac; extra firsts, 3s1a @39Hc; firsts. 37@3Sc; seconds, 34 635hc.
 Eggs, unchanged. Receipts, 19,54S cases.
 ST. LOUIS. June 2-Hens, nc; springs, 2sc; others were unchanged.
 Butter. 41hc.
 Eggs, 22hc.
The Birmingham age-herald., 1924-06-22
CASH GRAIN

NEW YORK, June 21.-Rye, easy; No ?, s71sc, f. o. b. New York, and S5hc, c. 1. f. export.
 Barley. steady; mating. so0s5c, c. l. f. New York.
 Other sarticles were unchanged.
The Birmingham age-herald., 1924-06-22

RESORTS AND TRAVEL
The Birmingham age-herald., 1924-06-22
Let in the daylight

Let in the daylight!
 Here is a suggestion offered by one reader, who indorses what was recently saidgin this column regarding the nee essity for demanding reports from all corporations that seek capital from the public:
 "1n addition to putting forth quarter ly statements, it is my belief that the statements ought to be published not later than 30 days after the close of each quarter; and further that the statements and balance sheets be pub lished on standardized forms, to prevent camouflaging or fraud, otherwise, the statements might mean nothing.
 You might be interested to know that.I have been writing letters to sena- tors and representatives, suggesting legislation to prevent member banks of the federal reserve system from Ob- taining on the securities of any cor poration unless such corporation fur nishes statements in the manner indi- cated above under severe punishment to officials and directors in case of statements which are wrong On account of fraud or negligence. That would overcome the unwillingness or inability of the stock exchange to act in this manner and it would also be help to many banks.
The Birmingham age-herald., 1924-06-22

CINCINNATI, O., June 21.-Hogs: Receipts, 3,400. Mostly 1Oc to 15c lower; heavy, $7.60Q7.65; packers and butchers, $7.60@7.65; medium, $797.25; stags, $40 4.25; heavy fat sows, $5@6,25; pigs and lights, $4.50@6.S0.
 Cattle: Receipts, 800. Weak; calves, soc lower, $6@9.
 Sheep: Receipts; 800. Steady; lambs, steady.
The Birmingham age-herald., 1924-06-22

CHICAGO, June 21.-wheat. No. ? hard, $1160121; No. 8 hard, $1.1401.15. Corn. No. mixed, s71ac; No. yellow, S9@s915c.
 Oats, No. white, 5o1z @51c; No. 8 white, 49%c.
 Rye, No. 2, 76Ac. | Barley, 770S0c.
 Timothy seed, $5@725.
 Clover seed, $11@19.
 Lard, $10.57.
 Ribs, $1O.
 Bellies, unQuoted.
 KANSAS CITY, Mo-, June 21.- Wheat, No. hard, $1.07Q1.25; No. 2 red, $1.1091.11.
 Corn. No. 2 yellow, soc; No. mixed, S71a @8sc.
 Oats, No. 2 white. 52@53c.
 ST. LOUIS, June 21.-Cash wheat. No. red, $1.19; No. red, $1.20. Corn, No. 2 white, STAG; No. ? yell low, 94hc. Oats. No. white, 52@52hc; No. 3 white, 51%c.
 Close-Wheat: July, SLIPS; septem- Der, $114A. Corn: July, s7asc; Septem- Der, s5Mc. Oats: July. 4shc. TOLEDO, O., June 21.-CIover seed, $11.5o; October, s12.5o; December, $12.25. Alsike, $1o.45.
 Timothy seed. $s.s5; September, $40; October, $4.05.
The Birmingham age-herald., 1924-06-22

,>oo.osEsss.oss,,Js.. sEsosJs Asp 1I.!Ess.. IsAyss
The Birmingham age-herald., 1924-06-22

.I.I;!.!,s REsoRIs AND IEAyEL
The Birmingham age-herald., 1924-06-22

RESORTS AND IRAyEL
The Birmingham age-herald., 1924-06-22

provided by any other convention city. I understand that the chairmen of the state committee, each being entrusted with the entertainment of visitors from certain state, have encountered no difficulty in raising an abundance Of money.
 s'In the heart of the city that has no heart" may have been true when that ditty was written, but 1t IS not true of New York today.
 Jacob H. Schiff, then head of the International Banking house of Kuhn, Loeb and company, slipped out of New York at the time of his seventieth birth day to avoid the fuss" various or ganizations were preparing to make over the event. Did you observe that George F. Baker got well out into the At lantic before releasing the news of his $5,000, ,000 gift to Harvard. /
 Mir. Baker fights shy of denmonstra- tions. They embarrass him thereby. There is no record of his having ever made a public speech in his whole life. At meetings of directors, and he is director of more important companies than any other man in America, he doesn't say much. But what he says invariably "goes" He is looked upon as the daddy of them all.
 A John N. Willys has returned from a business tour over the country. Dur ing one part of his journeyings he spent 20 nights out of "A on trains and, at another stage Il nights out of A. He is busily engaged strength ening the Willys-Oyerland distributing organization.
 ie, ~ior fO make ears than tO sell them" Mir. Willys remarked during a chat this week. T have lately been cehtering on the selling end, as l saw sometime ago that cars would have to be sold, that they wouldn't all be bought. We did not hesitate to call halt on full steam production when we-saw the backward spring was going to delay purchasers. Before long we sought to be in a position to put on more steam again"
 MT. Willys' hair is grayer than it used to be. When the bottom fell out of, everything in 1920, Willys did not escape. But he refused to hoist the white flag when the bankers sought to, close in on him. He jumped in and worked harder than ever before in his life. His comeback" constitutes one of the most notable pages n{the annals of the automobile industry.
 MT. Willys admits, however, that 'cWall Street doesn't reach out to crush anybody. When a man or concern falls into the clutches of Wall Street, it lis because that man or concern has 1rptit himself or itself in Wall Streets hands. The bankers will leave you alone if lyou leave them alone"
The Birmingham age-herald., 1924-06-22

,ooooooooD,>sI sEsoaTs AND IsAysL
The Birmingham age-herald., 1924-06-22
tory decree of annulment.
 ATLANTA RESERVE BANK

ATLANTA. Ga. June 20.-t Special. )-Ststement Of resources and liabilities of the Federal Reserve Balk Of Atlanta at the close Of business June lS 1924.
Seward daily gateway., 1924-12-06
ALASKA BUDGET GIVEN TOSENATE
 COMMITTEES
Education, Medical Relief, Liquor Traffic all Call
 for Large Sums

WASHINGTON, Dec. 3.-The Inte- rior Department appropriation bill reported to the Senate today for Alaska, carries the following appro- priations:
 For the Bureau of Education, S437,- O75.
 For medical relief, $122,320.
 For suppression of liquor traffic, s16,2OO.
 For maintenance of railroads and steamers, $2OO,0OO.
 Supt. Tigert of the Bureau of Edu- cation, testifying before the sub-com- mittee which reported the bill, said that $24,O00 would be expended by the Bureau on a building program, which has been apportioned tenta- lively to include Eklutna, industrial school and orphanage, $6,0OO; White Mountain, industrial teachers resi- dence, $5,OOO, and for the completion of schools and teachers residences at Quithlook, Quigilingok, and Kanaka- nak schools, $3,OOO, s2,oOO and s4,O0O respectively.