davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1924-02-03
BUYING MOVEMENT IN STEEL BROADENS
Railroad And Structural Ma terial Are In Strong Demand

NEW YORK. Feb. 2.-The buying movement in the steel market during the past week showed further signs of broadening with good demand for rail road material and structural steel and . scattered demand for, sheets and bars. Tin plate continued strong with a good demand. While sales were considered very satisfactory there was notice able hesitation about placing orders for future delivery much in excess of inn mediate requirements. Pig iron was firm, and in some cases higher, with a slight Improvement in the buying movement, which, however, was still spotted.
 The demand for copper fell off dur ing the past week. It is estimated that fully 50,000,000 pounds were purchased for domestic consumption, while the re- cent buying movement was in progress and there was considerable business for export. The domestic buying was most ly for March and April shipment. No selling pressure of consequence devel- oped, but some shading of prices was reported by second hands toward the end of the week, and while producers were generally asking 12% for Febru- ary, Marsh small lots were said to be available at 12ss.
 Tin was lower for prompt, but higher for futures. Trading was light, but consumers expected to take hold on any break. American deliveries were small and local stocks increasing.
 Lead was unchanged, with the gen. eral situation unhealthy. Spot supplies were light and producers well booked into March. .'%
 Zine still quiet, but firmly held in anticipation of renewed export buying
 Anthony unsettled, owing to resell ing by former buyers, with domestic de- mand light.
The Birmingham age-herald., 1924-02-03
WEEK SEES WHEAT
 SCORE SHARP RISE
Takes Leadership From Corn
 And Holds Speculative Interest

CHICAGO, Feb. 2.-Helped by devel-
 ,pments regarding financial relief for
 ne northwest. wheat has scored 8 Fharp advance in price this week. Com
 pared with a week ago, wheat this
 morning was 21sc to 3Nc higher with eorn varying from ssc decline to hc
 yain; oats, sc to 1hc up, and provi- Rions 7c to 10c to 42c down.
 Instead of being eclipsed by corn as
 market leader, wheat resumed the Eoremost place, and gave evidence of
 broad speculative interest, especially on
 ne buying side An opinion which at-
 racted wide notice was that there is |no burdensome supply of wheat in this |fountry, and that should anything ad- verse happen to the 1924 crop,-Hhich is .starting out with considerable decrease Tn acreage big upheaval of price 'would result It was also contehded |that- wheat receipts at terminals dur Ing the remainder of the present seq son Will be the. iightest seen in many |years, and that successive thawing and freezing weather of late has already Inflicted damage.
 something of a check on the pur- |ehase of corn resulted from govern ment reports that the number of hogs |pn farms January had decreased g. S26,0O0, as compared with year be Fore. Country holders of corn, how lever, showed a disposition to loosen their hold in some sections. ' Subse- |Quently, there were indications that the |Erest of the enlarged movement of corn mad passed. Danger that the quality of rural stocks would deteriorate was also given attention.
 Reports of abnormal scarcity lifted the oats market.
 H Provisions were depressed by heavy marketing of hogs and by a lull in shipping demand
The Birmingham age-herald., 1924-02-03
tCO1TON GOODS RULE
 QUIET, PRICES EASE
Sales Moderate, Mostly Small, For Prompt Shipment

NEW YORK, Feb. 2.-Primary cotton goods markets have filed quiet and prices have eased ill the gray goods division. Sales have been of moder- ate character, most of them being small parcels for prompt shipment Mills making flannels have done a fair busi- ness for fall, some of the larger con cerns having sold their wide goods and withdrawn the offerings. while others, making narrow fancies have sold only part of what they can make. Sales of percales, ginghams, and bleached eottons have been light. Domestics have been especially quiet. both whole salers and retailers confirming their orders to small amounts. Finished goods have been steadier than the un- finished lines partly, because many prices named on them had not ap- proximated the higher cotton values. Yarns have declined in price and sales have been irregular. Knit goods have sold only moderately since prices were named on a higher basis for fall. Hos iery is quiet. Manufacturers and their agents are. talking more frequent of the necessity for curtailing prdouction further due to the light orders ob- tainable for contract work and the lack of profit in the current spot busi- ness. Fancy wash fabrics, some of the new draperies, and some novelty bed spreads have sold in fair quantities. Prices current in first hands are as follows:
 Print clothes. 2S inches 64x64s. 7Hc; 64x60s, 75s: 331a-inch, 64x64s, 1O1a; brown sheeting southern stand ards ,17c denims, 2.20s, ? per cent i; tickings, s oz., 30c; staple ginghams, 131ac; prints 1OAc; dress ginghams, 21H @24c, nominal.
The Birmingham age-herald., 1924-02-03
INCREASE IS SHOWN 2
 LlNsRESERVE EXCESS
Clearing House Banks Register
 Gain Of $19,735,640

NEW YORK. Feb. 2.-The actual condition of clearing house banks and trust companies for the week shows an excess in reserve of 8, 210, ,960. This is an increase of $l9, ,736, $40. E The statement follows: Actual con dition--Loans, discounts, etc, @4,633, ,00O,- 900; increase, $76, ,276, ,000. Cash in own vaults, members federal reserve bank, $44, ,101 900; decrease, $3,590 900. Reserve In federal reserve banks of member banks, 3508, ,s7s 900; increase. SS5. .422 600. Reserve in own vaults, state banks and b4rust companies, $ss1SSO00, increase, $S8,O00. Reserve in depositaries. state banks and trust companies, e10,5e7 900; Increase, s107,0o0. Net demand deposits, g, ,s1s, 1000; incre.ss, s1so, ,t9Seoo. $85, ,5s7 ,0O6. Circulation, $S2, 2,066. 900; in- crease, t159, 900. United States deposits deduced s82, 4as 900. Aggregate reserve, $6z7, TIE. 900. Excess reserve, $3,210, ,9S0; increase. $19.736.64o.
 Summary of state banks and trust companies in Greater New York, not in- cluded in, clearing house statement: Loans. discounts, etc., $S31 ,394, 300; in- crease. $4637. 300. Gold, $3,422,700; in- l crease, $25,200. Currency and bank notes, $21,2s2, 300; increase, $445,200. De- posits with federal reserve bank of New York, 71. .469 ,S00: decrease, $681, 700. To- tai deposits. ss6s, ,6s4 500; increase,< $1,- Eliminating amounts due from re- serve depositaries and other banks and trust companies in New York and
 United States: Deposits, $S14, ,6oe, 900;
 increase, s5,o57, 300. Banks, cash in vault, $2s,S1S,1o0. Trust companies. cash in vault S6f,. .346 7O0
The Birmingham age-herald., 1924-02-03
STOCK LETTERS

NEW YORK, Feb. 2.-Stock averages are now at the highest point since last spring, and within a few points of last winters peak prices. Some chart stu dents profess to see continuation of the rise, but this Is probably the time that less attention should be paid, to charts and more investigation made as to the possibilities of individual stocks Generally speaking, conditions are sound, and money bids seem to be cheaper. Of course, there is consid- erable realizing of profits going on, but one the whole the selling is we'll absorbed. Washington advices have had some effect on the oils, and this group may show some hesitancy for a while. but eventually will be governed by earnings alone, which is naturally the main factor. Timken Roller Bear ing and American Can have shown re- rfiarkable strength. The tax question is getting nearer to a solution and Eu- ropean conditions are encouraging. To- days market was pretty much the same as yesterdays, with the exception of special strength in Wabash "A" and St. Louis and San Francisco. Tire and rubber stocks continue to reflect poor earnings for 1923. Sugar stocks are in good position, although there Is not a great deal of activity at present Steeis hold we'll and are in demand on all reccssions. The market closed generally firm. Total sales, 579, GOO shares.--Fenner & Beane to Kahn Bros. & Virgin
The Birmingham age-herald., 1924-02-03
Short Market FlasItes

BARTLESVILLE,} Okla, Feb. Q A new price of $l .15 barrel for oil of less than 5 degrees gravity was an- nounced today by the Prairie Oil and Gas company, an increase of 25 cents. The Empire company immediately posted similar price.
 CHICAGO. Feb. "A new finan- cling plan based on the employees stock ownership or thrift idea was announced today by Wilson & O., Chicago pack ers.s For the double purpose fo inter- esting the employees and of financing itself from timet to time by increasing it's capital stock and reducing it's out standing indebfedness notice was given today to the stockholders and to the New York and Chicago stock ex- changes that stockholders meeting to consider the creation of two new classes of stock would be held Feb ruary 2. .-'a..
 GALVESTON, Tex, Feb. 2-Cot- ton exports during the week ending February I from Galveston, were 32.- 456 bales. .
 Exports for the season to February 1, were 1,642,6SS.
 
 week were 21.319 bales. ,e.
 Receipts, 49,376 bales.
 POULTRY AND PRODUCE
 CHICAGO. Feb, 2.--Poultry. alive. un- changed.
 NEW YORK. Feb. 2.-Pork easy; fam iY, $2s.0o; lard easy; middle west, $11.55Q11.65; other articles unchanged.
 
 KANSAS CITY, Mo, Feb. 2.-Eggs, 1c lower; firsts, 32c: selected. 4Sc; but ter, potatoes and poultry unchanged
 ST. LOUIS, Feb. 2,--Ducks, 2sc; eth- CTS unchanged; eggs. 3sc;. other articles unchanged.
 CHICAGO, Feb 2,--Butter lower; creamery extras, 50c;. standard 49hc; firsts, 71a @4Sc; seconds; 46@47c Eggs lower3 receipts, 6,995 cases: firsts, 3Sc; ordinary firsts, S4@35c: refrigerator firsts, 27@2Sc. ls'
 NEW YORK. Feb. 2.--Eive poultry steady; no freight quotations; express chickens, 25G35c;' broilers, 4ec;, dressed poultry quiet; prices unchanged.
 NEW YORK. Feb. 2.-Butter steady; receipts, II OPS; creamery firsts. ss to al SNOANs F3VOVT3Gs EBBS .SleddYs re- ceipts, 15,224; fresh gathered extra firsts 44J46c; do., firsts, 41ls@43c; do. sec onds and poorer, 3S@40Ac; Pacific coast whites, extras. 49@51c. Cheese steady; receipts, 77,029. CHICAGO, Feb. 2-Heavy receipts and anxiety to clear floors forced prices one-half cent lower on top and medium grades in today's butter market. Under grades were unchanged and we'll clear i ed. At the close the market was easy and unsettled. Trade in all quarters was quiet, with main interest being in medium grades. The car market closed in good shape, with no material buying interest locally, especially in 90 score cars. Eighty-nine score cars sold yes- terday afternoon at 4si4c and 4Sc was bid this morning
 Fresh butter: 90 score 4sc; 91 score. 4S13c; 90 score. 4skc; S9 score, 4Sc; sS i score, 47lac; ST score, 47c; s6 score, 46c.
 Centralized carlots: 90 score, 49lac; ss score, 4Se4 049c; SS score, 4Sc.
The Birmingham age-herald., 1924-02-03
COTTON LETTERS

NEW YORK, Feb. 2.-Cables were firm and reported an active demand for |bpots from the continent which is in line with recent advices from southern markets. The buying here looked bet ter in character, as 1t seemed to come more from the trade itself and not to
 be so exclusively in the way of cover ing by speculative shorts, though there
 was some of that as well. Local trad CTS continue dubious as to whether a |secondary advance has actually started |or if this recovery will again flatten out, but there is less disposition to put |lprfces under pressure and a growing lfeeling that a too nasty conclusion was reached that ultimately consumers in this country would turn cold shoulder on cotton goods at present prices. There |lis not much room to doubt that the big consuming classes here can buy almost anything they desire with industrial conditions as they are, and total re- quirements, even, If covered, only grad ually, promised to be large. It remains to be seen if this is another false start.
 but the market is displaying a dis slnctll stronger resistance.--Post 6.
 Flagg to Shannon & Co.,
 NEW ORLEANS, La, Feb. 2.-Col- lause plans of the international fedora ton spinners to control the use of American cotton in English mills and |
 Great Britain, and expectation of a big
 tax reduction in this country combined
 to give the market good-sized upturn
 today. There was a good deal of scat
 tered selling at the start, but the ease
 with which this was absorbed and the
 resisting power of thA market upset
 the sellers and later brdught on a con
 siderable covering movement Contin-
 ued dullness in dry goods market and
 good weather outlook furnished the oc-
 easion for the selling. Reports of in-
 ertia in the goods markets, however.
 are fast losing their effect owing to the rapidfty with which supplies are
 vanehing and belief that the trade XII soonsbe forced to pay higher prices sor dry goods or go without. The col lapse Of the international movement to
 control opening of Russia to our cot
 ton increasing demand from Germany
 Ah point to increasing demands upon our owindiing supplies. Meantime, spot noloers are sitting tight, and those who
 want cotton are finding 1t hard to ffil 1ruers: sentiment has improved great ana number of larger traders who nAd either withdrawn from the market were on the selling side for a time appear 10 have turned buliish. There is apparently large scattered short in-
 ,erest here and big concentrated snort m New York, which apnearu to pc getting uneasy over the turn n events. And talk to the effect that tbe
 usuai spring rise is coming. We exnact further advances.-Fenner & Raana s
 Kahn Bros. &S Virgin. n ~
The Birmingham age-herald., 1924-02-03

clearly as good photograph reproduces them, with no objectionable squeaks or howls.
 When the Navy dirigible Shenan- doah was fighting for life over Staten island few days ago, all broadcasting stations properly shut down to avoid interfering with radio messages. We kept right on giving our customers serv. | ice. however, as there was no more need for us to shut down than there was for the local electric light plant waves travel along wires, no interfer- ence is caused. Wired wireless can use any wave length that suits it's pur- pose and can run 24 hours day with- out bothering anybody.
 Traverse Continent
 Tt is now possible, in the light of what has been accomplished by tele- phone mad radio engineers, to have a band concert in Washington. public address in New York and news report in Chicago travel simultaneously over single circuit to San Francisco and there to be sent over the electric light. ing system to every light socket in ev. cry electricity consumers home Once wired radio programs are established ap the wires of Americas electric lighting system, immediately 12,0O0,000 consumers become prospects for radio music, lectures, news reports and so on.
 ''1t seems likely that the commercial future of wired wireless will probably be based on q monthly rental arrange ment. like the telephone: placing the renting company in the position of theatrical organization which sells en- tertainment to the public. Broadcast. ing methods make it next to impossible to pay for artists, because the broad- casting company cannot collect from it's entertainers and collect from the persons entertained.
 Expect To Spread
 President Hough said commercial plans for the immediate future have not vet been worked out.
 "Yon can say, he said. that our Staten island engineering experiments ire exceeding the expectations we had when we began operations in Septem. per. loucan announce that before next May or June we shall placed wired 'adio service in perhaps three medium- sized cities near New York, probably n Northern New Jersey.
 Beyond that simply cannot tell what wired wireless will lead to. The possibilities almost stagger the imagina. tion."
The Birmingham age-herald., 1924-02-03
FOREIGN ISSUES ACTIVE, STRONG
|trength Of Exchanges Also Re fleets Improvement In
 European Outlook

NEW YORK. Feb. 2--Renewed ac- vity in foreign bonds with prices Lrengthening on | fairly heavy turn yer, featured today's brief session of De market. Responding to the i'm roved outlook in Europe, SrcfIected lso in the strength in sterling and ther exchanges, French governmental md municipality issues moved brfsliy pward. with average gains of about
 point. Austrian Is. Netherlands 6s nd Serbians Ss also were active at
 sing prices.
 Railroad Issues in comparison with heir recent activity were almost neg ected and fractional losses were gen. raf throughout the list. As a result t the latest disclosures in the oil lease hvestigation at ], Washington, Pan- American bonds again were subjected b attack, the 6hs losing more than 2 oints. Weakness also developed in Republic Steel 51ss and sugar estates the Orient zs.
 Buying of the United States govern bent and treasury issues Jagged, with hg levels. Traders considered 1t sig (ificant that prices of these bonds ould hold fairly steady with q lack of uying support.
 Prospects for the offering of Jap -nese loan next week continued to rouse interest, with the bond market Expecting both T. P. Morgan < Co. and he National City company to partici- Pate in the sale. As an initial offering or next week 1t was announced that 9,000,000 Wisconsin Electric Power ompany 30-year 6s would be sold at 31N to yield 5y60 per cent. loo.
 Ten first grade rails averaged se.7s; Jet loss, 10.
 Ten second grade rails averaged s4.45; set gain, .03.
 Ten public utilities averaged se.ss; let gain, 10.
 Ten industrials averaged sSss; .net |sain, .07.
 Combined average sso5; net gain, .O3. Combined average month ago, s6.79; Fear ago, S6.47.
The Birmingham age-herald., 1924-02-03

tomologist, will attend this meeting and discuss fertilizers for Dallas county, remedies for late damage to vegetation and the problem of the boil weevil
 Plan Union Service
 The annual union service of thA Young Mems Christian association will be held Sunday evening at the Chris tian church. The address of the occa- sion will be made by Thomas V. Ellzey, general secretary of the State Sunday School association. There will be no other evening services at the churches. all joining in the union program of the local Yonng Mems Christian associa- ton.
The Birmingham age-herald., 1924-02-03
LEG SORES

ARE CURABLE-If you suffer from Leg Sores or Varicose Ulcers I win send you absolutely FREE a copy of my famous hook that tells how to be rid of these troubles for all time by using my remark able painless treatment. IL iR different from anything you ever heard of. and the result of over S5 years specializing. Simply send your name and address to DIR. Ii. ]. NFhTTfE RsaSulte .S45. 42l East Eleventh Street. Kansas city Mo.
The Birmingham age-herald., 1924-02-03
LOSES BRIDE OF WEEK Texan Locates Her In kausas Where
 He Ie GiVA1 Surnyisa

KANSAS CITY. Mo. Feb. 2.-Ben Clayton was en route to San, Antonio. Tex, Friday sadder but wiser man.
 Wednesday. Clayton's bride of a week bade him goodbye saying she was going riding with her cousin. Paul Fletcher, of Leavenworth. Kan. When she failed to return Clayton instituted search and found the par in tte Kan. sas town. .-,S,
 ~Hello desrie,~ said CGytoh to bis wife, fs5se, .'pont 'deatie me, ' she retorted
The Birmingham age-herald., 1924-02-03
By ]. ST. JOE STRAGREY
 Editor of the London Spectator tleaset Wire 10 The Age. H eraId)

Copyright. i924 LONDON. Feb. Eff labor is wiss ii will adopt an agreed policy It will choose for its immediate program meas- ures which involve the greatest amount of agreement and the least amount of conflict.
 In suggesting this I am not asking labor to give up any of it's principles Of lower its flag. but merely to recog. nize facts and to shape its. course ac- cordingly It can insure the absence of successful opposition to a labor gov ernment only by choosing a parliament tary policy which will not bring it into conflict with the masters of all parties and cabinets-the majority of the rep- rescntatives of the people.
 In the matter of foreign policy there should be little chance of labor raising hostility. British policy, in face of the attempt to dissolve German unity by encouraging separatist revolutions, in regard to reparations. and in regard to allied debts, is essentially an agreed policy.
 We doubt if M Poincare's method of obtaining that security for France, and that peace and prosperity for Europe. which we all desire, has a hundred wholehearted advocates in the present house of commons.
 Recognition Docs Not Mean Approval The policy of recognizing the Russian government in name-in fact it is al- ready recosnized-and SO opening up the greatest of the markets now virtual ly closed to our trade, whether in sell- ing or buying. is also an agreed policy.
 Recognition does not involve ap- proval. Ii only means an acknowledge ment that nations must manage thei- own internal affairs for th"-
 In home affair. .e t'rs: i''m . er agreed policy would "iaa-'., be ri0.lslo- against unemployme. ENftrou" N.- . .E' to- see the unemples r,l utl- b th"'- own work and not rHon toi"s.
 Then there are road Hinro' e'I,'' '. housing, cheap eleetfit power +.'4 o- clamation.
 It is l suppose. tod ,.'.l slJ ask that the labor party should take up what am convinced is now an agreed mat ter in constitutional reform. that is, the referendum.
 If the labor party could consent to entrust the people with veto, they would. I am sure, have an immediate reward. Nothing would so surely win them confidence as so plain and prac- tical proof that they are not revolu- tionaires, but are willing to acknowl- edge the right of the majority to give the final word on all the great issues of statecraft
The Birmingham age-herald., 1924-02-03
TELLS LABOR TO :
 AVOID HOSTILITY
Editor Says If New Regime Is Wise It Will Adopt Agreed
 Policy

EDiToR'S hoTE-A labor premier and labor cabinet rule Britain, but labor rules on an extremely insecure foundation Should ths liberals and atiyss join in voting against any labor proTosals the proposals would he doomed Thus labor only put through legis- lation in conjunction with one Of the other two parties. Labors wisest will be to ad- only legislation that of the other parties has agreed 10 support The interest," ing parliamentary situation is explained in ths following article by l. St. Joe Strschey. editor of the London Spectator. who points the path labor must follow unless fl Is to be voted out of power
The Birmingham age-herald., 1924-02-03
FARM BUREAU TO MOVE Headquarters Will HeneefOrth Be In CnlInf HnIIsa

SELMA, Ala. Feb. 2.-The Dallas County Farm bureau will be in its spa cious new quarters at the court house when the next meeting is held on Feb ruary IS. Dr. " E. Hinds, state en-
The Birmingham age-herald., 1924-02-03
STOCK LETTERS

NETWORK, Feb. 2.-The sensational accusations made by MT. Doheny have this morning and they have necessaS,Iv been Sn imr 1rtant market factor. While people Tn Washington are making these extraordinary revelations and showine sucn pad state of affairs down there II must be disturbing to the public nina, as no one knows who is going 70 get nit next. We believe that con. idering the circumstances inc marl,a, Las been acting extraordinarily well. -sales. 57s,9Oo.-Post 6 Flagg to shan ron & Co.
 A. q Industries used D per cent of the en- t,' e production of gas in the. United N.afes last year.
The Birmingham age-herald., 1924-02-03

I'm through with you, You married me under false pretences.' thought you were rich"
 Fletcher. who had been held in jail was released.
The Birmingham age-herald., 1924-02-03
LIVE STOCK

LIVE cIOCh
 CINCINNATI, Feb. 2.-Hogs-Re- ceipts: 4,7o0. Slow and steady.
 Cattle-Receipts: 300. Slow and steady. Calves slow, $5@13.50. Sheep-Steady. Lambs steady.
The Birmingham age-herald., 1924-02-03

BARTLESvILLE, Okla, Feb. g. A new price of $l. .15 barrel for oil of less than 3 degrees gravity was an- nounced today by the Prairie Oil and Gas company, an increase of 25 cents. The Empire compnay immediately posted a similar price.
The Birmingham age-herald., 1924-02-03
RADIO MUSIC ON LIGHT WIRE NOW
Wired Wireless Served To Gus toners Who Pay A Fixed
 Monthly Rental

Copyright. 1924. in |. s. and Great Britain, Japan and South America. by North American Newspaper Alliance. for The Age.Herald. All rights re- served.)