davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1924-09-18
COTTON HIGHER
 ON TRADE BUYING
Nervousness Over Reports Of Further Rains Pro-
 notes Covering

NEW YORK, Sept. 17.-The cotton market was higher today on trade buy ing and covering promoted by nervous ness over reports of further rains in the south and uncertainty over the showing of next weeks government crop report December sold up to 21.90c in the late trading or 62 points net higher and B points above the low level of yesterday. That delivery closed at 21 85c, the general market closing steady at net advances of 53 to 61 points
 The market opened firm at an ad- vance of 20 to q points on renewed buying which had been in progress at the close of the previous day. Belief that this was due partly to an increased demand from the trade was encouraged by private cables reporting that spin ners were calling heavily in Liverpool. After setbaclSs of a few points from the initial figures prices turned upward. There were midday reactions of few points on a fairly favorable view of the weekly report of the weather bu- reau and a private report placing the condition of the crop at 57.4 and the indicated yield at 13.019, 900 bales. The selling, however, was by no means as active as earlier in the week and the market turned upward again in the late trading on more general covering following rumors of a better spot de- mand, and numerous complaints that heavy eastern belt rains were lowering the grade of open cotton. Reports also of renewed rain in the southwest and the failure of private crop estimate of above 13,000,000 bales to bring in more active selling seemed to increase the disposition of shorts to cover.
 Another private report published ear Her placed the condition at 58 and the indicated yield at 12,720,000 bales, but was said to forecast a government. fore cast next week of 13,100,000 bales.
 States port stocks, 351, ,604; exports, 34,-
 Port receipts today, 44,SI4; united 206. making 573,599 so far this season.
 NEW YORK COTTON
 NEW YORK. Sept. l7.-Cotton futures closed
The Birmingham age-herald., 1924-09-18
BOND VALUES
 TURN UPWARD Liberties Strengthen On Prospect Of French
 Debt Negotiations

a NEW YORK, Sept sN.-Bond prices
 turned upward today. under the impetus
 of a rally in stockslkhd "a renewed de-
 mand for Liberty bonds and railroad
 lines. Prospects that the United State4 government soon would resume negotia-
 tions for funding the french debt strengthened Liberties, which reached
 the highest levels In more than q
 month. Y Foreign obligations were accumu- lated on the theory that they would be
 benefited by preparations for the sale of the German loan. French republic
 and municipal liens displayed moder- ate improvement together with Belgian Iand other European issues.
 In addition to renewed investment
 buying of high grade railroad bonds.
 merger possibilities stimulated tradine in the semi-speculatiye group. :, Intc.- national-Great Northern adjustment 6s
 achieved new 1924 peak price. Katy adjustment 5s and Missouri Pacific general As also meyediup. Among the higher priced bonds, afennsylvania gem
 eral 5s were active. " Widening inquiry for rubber com
 pany liens marked trading in the in dustrial section. with Ajax, Kelly Springfield and ,Goocyear issues in de- mand. Gains oft a point or more were registered by Sinclair Consolidated oil Is, Wilson first, 6s and American Axri- cultural Chemical 6s.
 A New York banking group headed by the Chase Securities corporation, was reported to have< placed privately s10o,- 100000 one-yeaf per cent notes for the Canadian government. 4f
 Bond market averares.
The Birmingham age-herald., 1924-09-18
CORN TIjMBLE ON HEAVY SALES Extreme Break Of 6 IA Cents A Bushel Takes
 Place

CHICAGO, Sept. 17.-Corn came pdmbling down In price today as . result of greatly enlarged sales due to sudden warm weather that suggested relief from danger of frost. An ex- treme break of 6Ac a .bushel took place. Wheat and oats dropped with, corn. Closing quotations for corn were s1.O7%@1.07M. The finish in wheat was unsettled at 1h to 2Ac decline; December, $1.31% @1.31 and May, $1.3s 61 ,3sM, with oats < to 1%c down, and provisions unchanged to setback of 45c.
 sharpest declines and heaviest selling in the corn market were witnessed as trading drew to an end, with standing orders being automatically brought into play to close out risk of. further losses or to realize whatever profits were yet possible for owners caught at dis advantage. Failure of continued bad crop reports to induce pig pew buying of late had discouraged many holders who had been hanging on in the hope of further advances in price. This hope, however, appeared to fade rapidly when chances dwind1ed that a premature widespread killing frost would be wit messed, and that huge irreparable dam- age to the crop would be done.
 Notwithstanding that export pur- chases of wheat today was said to az gregate 2,000, 900 bushels strength which had developed in wheat prices gave way when the corn market began to break in good earnest. Estimates that world shortage of wheat amounted to S71 ,000, ,0O0 bushels as compared with last year were current but had only a temporary bullish effect. Meanwhile domestic spring wheat arrivals were on a large scale, exceeding the receipts of a week ago as well as those of a year back.
 Oats showed considerable resistance to selling pressure, shipping demand be- ing good.
 Provisions were firm early but were dragged down by grain weakness.
 eea,n Ann pnnuaetnMo
The Birmingham age-herald., 1924-09-18
COFFEE FUTURES

NEW YORK. Sept. 17.-Yesterday,s losses in the market for coffee futures were virtually recovered today, owing to higher Brazilian exchange and re- ports Of small cost and freight offers. The opening was to 40 points highef. and December sold up to 16.05c, the market closing at net advances of 20 to 38 points. Sales were estimated at 36.000. Closing quotations: September. 16.7oc; octobeE 16.45c; December, 16.o3c; March It 15.5Sc; May. 15.17c;
 Spot coffee ifirmer; Rio Is 17hc:
 Santos As, 22A @23c; cost and freight of- fers included part Bourbon 3s and ds at 21.5o@22.15c. VT
 Rio exchange on London S-64d high CT; dollar buying rate 90 reis lower;
 RIO market 260 to 300 reis higher; San gillian port receipts. 69,o0o; Jundiahy, 31 ,000.
The Birmingham age-herald., 1924-09-18
SUGAR MARKET

NEW YORK. Sept. 17.--Another quiet day occurred in raw sugar. Prices were nominal at 5.96c for Cuban, duty paid. in absence of business.
 Raw sugar futures were irregular. put generally lower. Opening declines of to points as a result of continued commission house selling was regained on Cuban buying during the early aft ernoon, but offerings increased on the upturn and the market again sagRed, Final prices were 2 to points net low CT. September closed, 4.20c; December, 3.91c; March, 3.28e: May, 3.3Sc. ;
 Business in refined sugar showed no improvement, with prices unchanged at 7.15 to 7.60c for fine granulated.
 Refined futures were nominal.
The Birmingham age-herald., 1924-09-18
CURB EXCHANGE

NEW YORK, Sept. 17.-The sharp reduction in mid-continent crude prices had only a temporary depressing ef- feet on today's curb market, which moved upward in sympathy with the brisk rally on the "big board"
 Prairie oil and Gas, which initiated the latest price cut, actually closed 8 points higher at 209, but most of the other active producers shares shower only fractional improvement. Pipe Line issues made good recovery from recent weakness, Cumberland jumping 10 points and several other shares show ing net gains of to points.
 Activity and strength of Ward Bak- ing Class B, which closed nearly 2h points higher at S4%, was the feature of the industrial list. Other strong spots were Dubilier, Gillette Safety Ra- zor,, Glen Alden Coal, Hudson company preferred, National Tea and Lower Ra- dio, up 1 to 2 points, activity of the last named being due to the declaration of an initial dividend of 50 cents. Ameri- can Light and Traction dropped points.
The Birmingham age-herald., 1924-09-18
OIL UEODUCTION

TULSA, Okla. Sept. 17.-Daily aver age production In the oil fields of the United States for the week ending Sep temper 13 showed a decrease of 6,295 barrels under that of the wek pr vious, according to estimates compiled by the Tulsa Oil and Gas Journal. The totals for the tow weeks were 2,032, 1928 and 2,03S,60S barreis.
 The total production of the mid-con- tinent fields for the last week was 1,072, ,473, as compared with 1,076,225 for the week previous.
 The Oklahoma fields produced 544,- OFT last week as compared to 544, 1850 the week previous. Arkansas fields, 135, 5,37o, as compared to 1890, and Cali fornia, 613,000, as compared to 614,000.
The Birmingham age-herald., 1924-09-18
STOCK MARKET
 BOUNDS UPWARD;
 SHORTSHARD HIT
Standard Industrials Lead
 Tn Impressive Show Of Strength

NEW YORK, Sept. 1.-The stock market today awoke from the lethargy in which 1t has been enveloped for two weeks, priced bounding upword in inn pressive fashion under the leadership of the standard industrial shares, which showed net gains of to 6 points. There was little in the days news to ac- count for this sudden burst of bullish activity, the rapid accumulation of stocks being described in some quarters as belated recognition of the favorable news and trade developments of the last month.
 Short interests, who have successfully ferreted out weak spots in some of the recent dull markets, found a scarcity in the floating supply of standard in- dustrials at current levels with the re- suit that they were forced to bid them upon each other in order to cover their commitments. Maintenance of the Cru cible Steel dividend Is reported to have been an unexpected blow to bear traders.
 United States Steel common closed 2 points higher at 10SA; Crucible showed a net gain of 3N at 57%, and the other independent steels moved up to 2 points. Though the weekly steel trade reviews reported little change in the situation, some carriers sent out queries . for large tonnage of rails and other equipment during the day. Baldwin Locomotive moved up more than 8 points to 123b and American Can closed 3ss higher at 129h; after having touched 130.
 Studebaker headed a list of IS stocks which established new high records for ( the year, including Goodrich Rubber, Goodyear preferred and prior preferred, American Type Founders, Gimbel Broth CTS and United Drug.
 Hft otn fn the advance as extensively as the in- dustriaIs, new peak prices were attained by New York, Ontario and Western, Rutland preferred and Gulf, Mobile and Northern preferred.
 Oils rallied with the rest of the list despite a sharp reduction in mid-conti- nent crude prices, the chief effect of which is expected to be restriction of drilling operations. Houston Oil touched 75 and then eased to 74A, up 2k, and a number of other active oils improved fractionally.
 Specialties recorded the largest gains, General Electric jumping 6% points to 264. Net gains of to points were recorded by American Tobacco issues, Colorado Fuel, United States Cast Iron Pipe, Associated Dry Goods, Cuban Dominican Sugar preferred, Federal Light and Traction, United Drug and Union Tank Car.
 Bullish demonstrations in the baking issues were checked by an official de- nia1 of merger rumors, General Baking closing points lower at 148.
 Call money held steady at 2 per cent with large volume of "outside" loans being quoted below that figure. Time money rates were unchanged with trad ing quiet.
 Further improvement took place in the foreign exchange market. Demand sterling again was quoted at $4.47 and French francs held relatlveiy steady around 5.S5 cents.
 Stock market averages:
The Birmingham age-herald., 1924-09-18

ton estimate condition at 5s per cent and crop Il, 3,10O, 900 bales on government acreage. McFadden condition, STA, crop 1S,019,000 bales, 42,000 bales less than their Underestimate.
 Crop estimates ignored. Weekly weather reports as expected, mentions goNd chance of top crop in Georgia. Sentiment still very much mixed. The market Is steadier and technical con ditions alone would warrant a further upturn. Would rather huy than sell short.--John F. Clark & Co.
The Birmingham age-herald., 1924-09-18
STOCK EXCHANGE

RICHMOND, Va, Sept. 17.-"The New York stock exchange extends It's promises of complete cooperation in every vigorous and practical effort which you contemplate to rid the land of the security swindlers who now threaten the very foundations of na- tiopal thrift and business enterprise" " E. H. H. Simmons, president of the stock exchange, told the convention of the National Association of Securities Commissioners, in an address here to- day.
 What America needs in handling our seemingly perennial problem of se- curity frauds" declared MT. Simmons, lis more jail sentences, quicker jail sentences and longer jail sentences"
The Birmingham age-herald., 1924-09-18
FOREIGN EXCHANGEs

NEW YORK, Sept. 17.-Foreign ex- changes irregular; quotations in cents Great Britain demand, $4.47b; cables, S4.479s; 60-day bills on banks. $4.443s {; France demand, 5.33h; cables, 5.34; Italy, 4.3S and 4.3s1a; Belgium, 4.9S14 and 4.99; Germany (per trillion), 23h ; Holland, 3s.51; Norway, 1S.79h; Swe- den. 26.66; Denmark, 1890; Switzerland, 1890; Spain, 1923; Greece. 1.s0; Poland, 19k; Czechoslovakia, 300; Jugoslavia, 1.40; Austria, .00141s; Rumania, .54; Ar gentina, 35S7; Brazil, 1920; Tokyo, 405s /; Montreal, 99 15-16.
The Birmingham age-herald., 1924-09-18
DRY GOODS

NEW YORK, Sept. 17.-Trading ia the cotton cloth market today was re- stricted to sales for prompt shipment, with prices showing an easier tendency. Burlap prices stiffened slightly follow ing publication of the final jute fore cast. The local raw silk market was weak, with another 5-cent decline in prices. Uncertain raw cotton values retarded trading in spring underwear lines. Spot supplies of cotton yarn were in demand
The Birmingham age-herald., 1924-09-18
COTTON SEED OIL

NEW YORK, Sept. 17.-Renewed old crop deliveries induced by slow trade demand and the weakness in lard and corn, carried cotton seed oil lower today, closing bids being within a few points of the law and 19 to 65 points below the previous close. Sales, 39, 100 barrels. Tenders, 1,200 bar rels. Prime crude, $7.75 nominal; prime summer yellow spot, $9.3541O.00; September closed $9.50; October, $9.53; December, S9.43; March, $9.62, all bid.
The Birmingham age-herald., 1924-09-18
LIVERPOOL COTTON

LIVERPOOL, Sept. 17.-Cotton spot fair demand; prices steady; strictly good middling, 14.41d; good middIing, 13.91d; strictly middling. 13.56d; mid ding, 13.26d; strictly low middling, 12.s6d; low middling, 12.46d; strictly good ordinary, 11.96d; good ordinary, 11.21d; sales, 5000 bales including 4,000 American; receipts, 200O bales, includ- ing 600 American. Futures closed steady; September, 12.73d; October, 12.31d; December, 12.1Sd; January, 12.22d; March, 12.31d; May, 12.39d; July, 12.S2d.
The Birmingham age-herald., 1924-09-18
HUBBARD EROS. & CO

Members New York Cotton Exehahxo. New Orleans Cotten Exchange. .New MembeEs Liverpool Cotton Assoeintioa, Ordsrs solicited fer the purchase and sale of Cotton and Cotton Seed Oil fer fagure delivery. Special esusignmszGp Ae aDeE eeSton fer dellVaxws
The Birmingham age-herald., 1924-09-18
WALL STREET BRIEFS

One of the reasons assigned for the recent sensational advance in baking company stocks, which has embraced General Baking, Ward Baking, United Bakeries, Fleischmann company and Cushman Sons, has been the purcnase of wheat at low prices. Before the sum- mer's advance, most of the companies were said to have protected themselves by contracting for the run of certain flour mills at figures then prevailing General Baking has enough flour to carry It. through next February an Is understood to have disposed of some of the surplus at profit. Despite denials of merger plans, Wall street believes some of the larger companies eventual ly will be consolidated.
 Owing to the observance of Labor Day, Ioadings of revenue freighe de- clined 99,360 cars under the preceding weeks record for the year, to total ot 92O, ,979, the American Railway associa- ton reported. Had 1t not been for the holidaY,sthe figures would have been about the same as the week before. A new record for Labor Day week load ing of grain and grain products was established with 65,510 cars, and also for miscellaneous freight, 339,792 cars Livest ock was the only commodity to show an Increase over the week before 32,773 cars, @ gain of S7O.
 The G. R. Kinney company. incorpo- rated, and subsidiaries report for the six months ended June 30 net profits after expenses and interest, but before taxes, of $690,337, as compared with $643,157 in the first half of 1923.
 Net sales of the Fisk Rubber com. pany for the nine months ended July 31 amounted to $37, ,000, 900. Net profit after interest and other charges was $1,710,' 900.
 The Cuba Railroad company reports surplus of $3, ,526, ,3s5 for the year ended June 30, equal after preferred dividends to $5.s5 a share on 500,000 shares of no par value common stock, against $3,129, 207, or $16 share on 15S,000 shares oi $100 par value in the previous year Cross eSrnings were $14, ,256, an in l creaseS63 about $23S,O00.
 RecoSefinE from It's deficit of $3,31' a year ago, the Cuba company earned net income of $2,062,392 in the year end ed June 30, equal after preferred divi dends to $2.94 share on the common stock. ---5,
 The silver market has been strength ened by the demand from the Far East especially in China and India, the meta now being quoted at 691sc, a new higl for the year. Eupean countries alst are buying. China's purchases are fol | currency purp sseS while fndia's deman,
 is demand is somewhat seasonal.
The Birmingham age-herald., 1924-09-18
SPOT COTTON

NEW ORLEANS, Sept. 17.-Spot cot ton steady, 55 points up; sales on the spot, BIO; to arrive, 1921; low mid ding, 19c; middling, 21.5oc; good mid ding. 22c; receipts, 9.O14; stock, 71,1s6.
The Birmingham age-herald., 1924-09-18
METAL MARKET

NEW YORK, Sept. 17.-Copper easy; electroyltic spot and nearby. 13@131sc 4; futures, 13bc; tin steady; spot and fu- lures, $47.62; iron irregular; No. 1 northern, $2o50Q22.00; No. 2 northern, S20@21; No. southern, $1s@19; lead steady; spot. $S; zinc easy; East St. Louis spot and futures, $6.2O; antimony, spot, $11.
The Birmingham age-herald., 1924-09-18
RICE MARKET

NEW ORLEANS, Sept. H.-CIean rice strong; sales, 1,262; Honduras, 6h@ 6%c; 2S2 Blue rose, 6hc; sS5 Carolina, 6@6Iac; 322 second heads, Az Q4Hc; screenings, SIS 9SAc; rough rice, good demand; receipts, 6,7Os; millers' receipts, 5,776.
The Birmingham age-herald., 1924-09-18
MONEY MARKET

NEW YORK, Sept. 17.-Call money, steady; high, 2; low, 2; ruling rate, 2; closing bid, 2; offered at 2A last loan, 2; call loans against acceptances, 1h; time loans easy mixed collateral 60-90 days, 21a @2%; 4-6 months, 3@3A; prime commercial paper, 3A 03h.
The Birmingham age-herald., 1924-09-18
YEGETARLEs

CHICAGO, Sept. 17.-Sweet potatoes, Tennessee Nancy Hall, hampers, $2.O0@ 2.25; Georgia hampers. white varieties, $1.35@1.50; red varities, $1.35.
 Peppers, Tennessee hampers, s1.25en 1.50. 1.l-
 Peaches, Elbertas, crates, S3.Oo13. .25.
The Birmingham age-herald., 1924-09-18
LnNnnN M0NEY

LONDON, Sept. 17.-Bar silver S4 15-16 pence per ounce. Money, 212 per cent. Discount rates, short bills Sss 04 11-16 per cent; three months bills 34 93 1916 per cent.
The Birmingham age-herald., 1924-09-18
pnTATO MARKET

CHICAGO, Sept. 17.-Potatoes trad ing fair, market weak on white stock, about steady on early ohios; receipts, 31 cars; total United States shipments, 899; Minnesota sacked early Ohios, $1.25 01.35; sacked round whites, $1.20@1.SO; Wisconsin bulk round whites, $1.00@ '1.25; Kansas and Missouri sacked Irish cobblers, S1.10Q1.35, according to qual- ity; Idaho sacked rurals, $1.5Q@1.60.
The Birmingham age-herald., 1924-09-18
FLAX MARKET

DULUTH, MiEn., Sept. 17.-Close flax: September, $230A; October, $2.2T1s; Mo- vember, $2.27E; Docembe.. S2.cG& May, $230.
The Birmingham age-herald., 1924-09-18
GRAIN AND PROVISIONS

CASH GRAIN
 ST. LOUIS, Sept. 7.-Cash: WheaI, No. 2 red, $1.40@1.44; No. red, $l.s1g 137. o Oats: No. 2 white; 4s@4sc.
 Close: Wheat, sepiemper, $l.26A; i; December, $1.31M. SLOT.
 oats:s September, 47c.
 TOLEDO, Sept. 17.+Clover seed $14.25; October, $15.60; December, $14.7S Alsike: Old, s11; new, S11.5o. Timothy seed, cash, September and October, $3.55; December, $S.60. NEW YORK, Sept. 17.-Rye firm; No 2 western, s1.141a f. 0. b. New York and $1.12h c. l. f. export.
 Lard firm; middle west, S14.O6Ql4.10 Other articles were unchanged. KANSAS; CITY, Sept. 17.-Wheat:; No 2 hard, s1.1s@1s1; No. 2 red, $1.s1@ Corn: No. 2 yellow, SLIP; No. mixed, $1.O7@11o.
 Oats: No white. 49Nc.
 CHICAGO, Sept. 17.-wheat: No. : red, $1.S2k: No. hard, $1.30h. Corn: No. mixed, $1.18@1.2oh; No 2 yellow, $1.17h @1.20&. Oats: No. 2 white, 49h @5oAc; No. white. 47K@4Shc.
 Rye: No. 2, $1.o3.
 Barley, 72@ssc. Timothy seed. $5@7; clover seed, $11.50@21.50.
 Lard, $15.5O; ribs, $12.50;, bellies S1362
The Birmingham age-herald., 1924-09-18
STOCK LETTERS

NEW YORK. Sept. H.-From a dull and featureless first hour today's mar ketH broadened- out considerably and
 many new highs on the current move ment were registered before the close, Shorts who were trapped in Crucible Steel were heavily penalized and this issue moved up sharply and crossed 5sh late in the day. International Paper, United States Steel, Baldwin, General Electric, American Tobacco. Cuban Dominican Sugar preferred, North American and a number of mis- cellaneous issues scored substantial gains. Principal news developments consisted of a 25c cut in the price of crude oil in the mid-continent field by Prairie Oil and gGas, Gulf Oil and Texas company, a new high price for silver at 69Ac an ounce, and optimistic statements in the Iron Age regarding the immediate future in the steel indus try. Closing prices were almost buoyant and the market seems to have at least emerged from it's prolonged period of dullness.-Fenner & Beane to Kahn Ss Virgin.
The Birmingham age-herald., 1924-09-18

NEW YORK, Sept. 17.-Today's mar ket was surprisingly good. The reason for the overnight change Is not appar- ent because nothing has occurred over- night that could be considered either moresor less favorable than that we had yesterday or the day before except the continuation of the dividend by the Cru cible Steel company. It was in a meas ure an offset to the recent suspension of dividend by the American Woolen company. The latter having had a bearish efecft on the market, it would be entirely in order for the former to have a bullish effect. The money sit- uation is without precedent. There Is so much of it that it is a problem to capitalists and institutions what to do with their funds. Many have large investments in securities and some would be disposed to take profits but are fearful of what they are to do with their proceeds. This makes such an unique situation that 1t is regarded as an offset, even on days when political news Is uncertain. We continue of the opinion that during reactionary mo- ments stocks should be bought.-John r. Clark G Co.
The Birmingham age-herald., 1924-09-18

tine, firm, s112GS2c; sales, 291; receipts, 444; shipments, 910; stock, 15,242.
 Resin, firm; sales, 1,2sS; receipts, l. 593; shipments, 1869; stock, 112,111.
 Quote: B, $5.10; D, E, F, c, H, I, K, M, $5.1214 n5.15; N, $5.35; Wg, S6.2o; Wv X, $6.1OQ6.90.
The Birmingham age-herald., 1924-09-18
NEW YORK BONDS

NEW YORK. Sept. 17.-Foliowins are today's high. low and closing prices of bonds on the New York Stock Exchange, and the total sales of each bond:
 United States bonds are quoted in dollars and
The Birmingham age-herald., 1924-09-18
BAR SILVER
NAVAL SrnRES

NEW YORK, Sept. 17.-Ba. silver 69Ac; Mexican dollars, 539so.
The Birmingham age-herald., 1924-09-18
NEW YORK STOCKS

NEW YORK. Sept 17.-Folowlng arc today's sales nigh. low and closing prices of stocks listed on the New York Stock Exchange:
 9alea. Hirh I,oU CIose
The Birmingham age-herald., 1924-09-18
PORT MOVEMENT
iM1ERInR MOVEMENT

Iotdl tOuaS ..l T 1-o..l -ooo1l o--o, Receipts-Week, 2l4234; season, s2l.553. Exports--Week. 1se.773; season, 566.499.