davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1924-06-29
JULY SELLSOFF
 OVER 30 POINTS Declines Are Due To In creased Estimates Of
 Production

NEW YORK, June 2S.-A tendency to increase estimates of the crop, and prospects for continued good weather seemed responsible for declines in the cotton market today. The most urgent demand for July appeared to have been supplied and that delivery sold off from 29.2Sc to 2S.90c or 34 points net lower under little liquidation, while new crop months sold 17 to 20 points yesterdays closing quotations, with Oc- tober, declining to 24.95c. The closing tone was barely at net losses of 13 to 20 points on all months except Au- gust, which was nominally unchanged.
 The market opened steady at de- cline of to 12 points on favorable weather news. There were bulges of a few points right after the call on fur ther coverings by July shorts but the demand for that position was much less active than yesterday and the mar ket soon turned easier on the general ly favorable crop and weather news. Three more private crop reports were published, one marketing the condi- tion 69.3, but giving no indicated yield. Another placed the condition at 69.1 and the indicated yield at 11,777 900 bales, and the third made the condition 66.4.
 The amount of cotton on shipboard awaiting clearance was estimated at 52,000, against 55,O00 last year.
 NEW YORK COTTON
 NEW YORK. June 2s.-FoIlowing are the open ing. highest lowest and closing quotations on the
The Birmingham age-herald., 1924-06-29
STOCK LETTER

NEW YORK, June zS.-A few sharp rEiiigg comprised most of the activity in foday's short session, although some of the standard issues moved into new high ground under urgent buying. American Can reached 122M. Nickel plate also continued it's upward march to 95. General Electric reached another how high mark at 239. Schulte Stores, Kfesge and Woolworth all made further gains under the same buying that has b&en in evidence since the turn in the market. The industrial list remains in a mixed state, with many of the move ments difficult to define. Rails act more uniform and show accumulation right along. The public is becoming
 more interested, and perhaps one of the best signs we have had lately in- dicating outside interest is the advance which has just commenced in the cop pers. The reactions were due to even inR-up weekend transactions.7Fenner e Beane to Kahn & Virgin.
The Birmingham age-herald., 1924-06-29
SHOCK TENDENCY.
 AGAIN UPWARD
Closing Somewhat Irregu' lar Due To Wave Of
 Profit Taking

NEW YORK, June 2S.-The main price tendency in today's brief session of the stock market was again upward, although another wave of profit taking in the late trading gave closing prices a iil somewhat irregular appearance. Speculative interest shifted from group to group with the copper shares giving the first bullish demonstration since the present advance started two weeks ago, Utah and Kennecutt selling at their best prices of the year.
 Chain store and merchandising issues continued to reflect the constantly ex- padding sales and earnings of the larger companies Kressge department stores, which scared more than 9 points yes terday added another 5 today, touched 62B and then easing off to 59ss for a were established by Woolworth, Shulte stotesEand Jewel Tea preferred.
 Nickel Plate was again the out standing feature of the railroad list, climbing 3 points to a record top at 95s or .pearly z points above the clos ing Aprice last week. Pittsburg and Weshr Virginia, Chicago and North western, and Gulf, Mobile and North ern preferred also sold at, new high lezeR but most of the other rails showed oply Nominal changes.
 rStaAdard industrials were slightly re- actionary. U. S. Steel common fell bafK half to 99A; Baldwin slipped 14 to 114s and. American Can was off @11As. Stakeholder advanced F to 347zy
 Pool operations were again in evi- dence in a number of the specialties, a crpp of new peaks being established by General Electric, Savage Arms, Ameri- can, Express, North American, Inter- boS0bgh Rapid Transit, Columbia Gas and Electric, Railway Steel Spring and Barnes Ball A and Federal Mining and Hmelting preferred.
 Foreign exchanges held steady in quiet. trading. Demand sterling was quoted around $4.32h and French ftanc ruled just above 5A cents.
 G, Stock Market Averages
The Birmingham age-herald., 1924-06-29
VEGETABLES

CHICAGO, Juno 2s.-Canteloupes, California salmon tints, standards, $2.60 @2.75; ponys, $202.15; jumboes, $3; flats, $1@1.15.
 Tomatoes, Texas original flats. coco $1; Mississippi original flats, 75@90c; repacks, crates, S303.26.
 Lettuce, Washington and California Iceberg, crates, $2@225; homegrown Iceberg, boxes, 600S0c.
 Cabbage. Missouri Wakefields, crates, $1.2501.50; Illinois round types, $20 FPS; Tennessee round types, crates, $1@
The Birmingham age-herald., 1924-06-29
NEW oRLEANs COTToN

NEW ORLEANS, June 2S.-The cot ton market was a very narrow affair today. and after showing a slight ad- vance in the early trading turned easier. particularly on the new-crop months. July was sustained by fears of what may happen to the shorts before that option Is finally liquidated. After trad ing up to 27.49c, or 2 points higher, it eased off to 27.32c, but closed at 27.40c, or only points net down. October traded at A.39c and December at 24.12c near the start, or unchanged to 2 points up, and later eased off to 24.1Sc for the former and to 23.95c for the latter, or IT to q points down from the high. The close showed net losses for the day of points on July and 15 points on new-crop positions.
 Later in the session there was mod trate selling of new-crop months on the generally favorable weather in the in- terior and on the rather high condition averages reported by two of the three private authorities issuing reports dur ing the morning.
 The three condition reports issued during the day gave averages of 66.4, 69.3 and 69.1, with indicated yields of 11,777,0 bales to 12,O0O, ,000 bales. Hous- ton officially reported the arrival of the first new bale today.
 NEW ORLEANS COTTON
 NEW ORLEANS, June 28.-Followlng the
The Birmingham age-herald., 1924-06-29
COTTON LETTERS

NEW ORLEANS, June 28.-Senti- ment leans to the selling side on eX- pectation of large acreage figures from the government and belief that the crop has improved considerably of late, but the tightness of July and fear Of suileeze in that month is restricting sell ing and proving a strong sustaining in SIifence. Condition estimates issued dur ing the day range from 66.4 to 69.S. It is generally conceded that the world needs a crop of at least 100000 bales, but recent estimates above l1'5OO,oOO bales, coupled with prospects or an m f1ated acreage estimate from the gov ernment, have proven disturbing m flueures. We expect to see more hqui- dation in advance of the bureau ana probably some lower values, unless de- velopments in July are such as to in- timidate sellers and check hquidation' There are also possibilities of bullish weather developments soon.-Fenner & :, Beane to Kahn & Virgin.
 NEW YORK, June 2S-The market Svas very dull and inactive up to the last 16 minutes, when selling orders ap- peared from New Orleans and local houses, causing October to ease orr Sfsder 25c. However, at the 25c level {rr October, considerable cotton was bought and contracts were well ao- Eorhed. There was some semblance Of trade buying at this point, which nfeadied the market materially and checked the decline. We wish to quote the following that appeared in local circular this morning: "Sir George Paish, British economist, quoted as nredictinK that greatest trade expan- Zion world has ever seen is in sight. !" As everyone knows, this gentleman Is unite an authority on economies and Business conditions, and this statement Vvfll undoubtedly have very good et- feet on the business world in general me Sgeather map today was favorable. vet the market did not respond to 1t very much. We do not look for much change before the bureau report.-Hub- hard Bros SE Go.
The Birmingham age-herald., 1924-06-29
NAVAL STORES

SAVANNAH, Ga, June 2s.-Turpen. tine, firm; rMc. Sales, 162; receipts, 57s; shipments, 1s2; stock, d0.S12. ~@
 Rosin, firm. Sales, 2,459; receipts, 1,s41; shipments, 1,016; stock, 92,771.
 Quote: B, $4.35; D, $4.40@4.45; E, Y, c, H, I, $4.521s; K, M, $4.521h @4.55; ~. $4.70Q475; we, $5.60; WINK, $6.20.
The Birmingham age-herald., 1924-06-29
HUBBARD BROS. & co.

New Orleans Cotton Exchange, New sale of Cotton and Cotton Seed Oil fOr. future delivery. Special consignments of spot cotton for delivery.
The Birmingham age-herald., 1924-06-29
COTTON SEED OIL

NEW YORK, June 2S.-Cotton seed oil was quiet today only 3,OOo narreis ehaneinE hands. Aside from little eyening-up for over the weekend, there was no feature to the trade. Retender If 100 barrels was made on July con tracts, Closing prices were 6 points higher to net lower. Sales, 5000 bar reis. Prime crude, 9.25c, nominal; prime summer yellow spot, 1O.Soc; July cIosed sfle5c: September, 1O.S3c; October, 10.4Sc, and December, 9.S0c, all bids.
The Birmingham age-herald., 1924-06-29
DRY GOODs

NEW YORK, June 2s.-Cotton goodA held barely steady today, with the de- mand light. Yarns were unchanged. Manufacturers are becoming more doubtful of any broad improvement be- fore early fall. Silks sold well at whole sale and in retail channels. Raw silk buying this month has been active. Burlaps continued firmer. Linens were quiet. Wool goods condltion showed no change of moment, interest being centered in the conference between strikers and manufacturers in the gar ment and clothing trades.
The Birmingham age-herald., 1924-06-29
RAW SILK

NEW YORK, June 2S.-Raw silk was steady; prices per pound: Kansai dou- ble extra cracks, $5.4oQ5.6O; kansai fsest No. 1, $5.1095.15; shinshu No. 1, eE676. 10: Canton extra A." 14-16, $5109 S.20: shanghai, China, steam i'll gold double deer, $4.s0@4.s5.
The Birmingham age-herald., 1924-06-29
>eRA,N AND PROVISIONS

CASH GRAIN
 TOLEDO, O., June 2S.-Clover seed, $11.50 asked; October, $12.50 asked; De- cember, $12.15 asked.
 Alsike, $1O.80.
 Timothy, cash, $S.S0 asked; septem- Der. $4.10 asked; october, $4 asked. ST. LOUIS, June 2s.-Cash wheat, No. red, $1.17@1.2O; No. 8, $1.1601.17. Corn, No. ? white, $1o4; No. yel- low, $1.01.
 Futures--Wheat: July, SLIP; septem- Der, $1:14h. Corn: July. s6c; septem- CHICAGO, June 2s.-wheat: No. 2 red, $1.16N; No. hard, $1.171s; No. 2 hard, $113A @1.1sA.
 Corn, No. 8 mixed, 96c; No. yellow, $1.o0h; No. whites e7c; sample grade, .s9A@92c.
 Oats, No. 3 white. 5s@5Sc.
 Rye, nominal,
 Barley, 75@s0e.
 Timothy seed, $6@7.75.
 Clover seed, $11@19.5O.
 Lard, $10.S5. Ribs, $10.
 Bellies, $10.25.
 FOREIGN EXCHANGES NEW YORK, June 2S.-Foreign ex- changes, irregular; quotations in cents; Great Britain, demand, $4.32%; cables, $4.32%; 60-day bills on banks, $4.29N. 4.31h@4.32; Belgium, 4.61A @462h; Ger many (per trillion), .2SM Holland, 37.54; Norway, 1S.45; Sweden, 26.53; Den mark, 16.3S; Switzerland, 17.57h; Spain, 13.42; Greece, 1.7S; Poland, 19 5-16; Czechoslovakia, 1.95; Jugoslavia, 114; Austria, 0014M; Rumania, .43K; Ar gentina, s2.60; Brazil, Il; Tokyo, 41%; Montreal, 98 61-64.
 STEEL MARKET
 NEW YORK. June 2S.-Steel prices were unchanged
The Birmingham age-herald., 1924-06-29
ELouR MARKET

MINNEAPOLIS, June 2s.-Flour was unchanged to 1Oc higher. Family pat ants, $7.30@7.50 a barrel. shipments, 40,14S barrels.
 Bran, $21.
The Birmingham age-herald., 1924-06-29
SPOT COTTON

SPOT COTTON
 NEW YORK, June 28.-Spot cotton was quiet; middling, 30.05c.
 NEW ORLEANS, June 2s.-Spot cot ton was quiet and unchanged. Sales on the spot, A bales; to arrive, none. Low middling, 25.52c; middling, assoc; good middling, 29.92c. Receipts, 572 bales; stock, S9,S65 bales.
The Birmingham age-herald., 1924-06-29

KANSAS CITY, June 2S.-Wheat, No. 2 hard, $1.07@1.28; No. ? red, $1.1O01. .I2.
 Corn, No. yellow, SIC; No. mixed, 95@96c. >. /.
The Birmingham age-herald., 1924-06-29
FLAX MARKET

DULUTH, Minn-. June 2s-FIax closed: July g SsA; September. $2.16tkS October, $2Ao.
The Birmingham age-herald., 1924-06-29
NEW YORK CURB
INDUsTRIALs

NEW YORK. June 2S.-Following is the official list of transactions the New York Curb Exchange giving all stocks and bonds traded in:
The Birmingham age-herald., 1924-06-29
LnNDON MONEY

LONDON, June 2S.-Bar silver, 341ld per ounce; money, 11A per cent; dls- ount rates, short bills, 3I4 per cent; B. onths bills, 3 5-1s per cent.
The Birmingham age-herald., 1924-06-29

NEW ORLEANS COTTON NEW ORLEANS. June 28.-Folowing are the opening, highest lowest and closing quotations on tho New .Orleana Cottnn ExchanRa: .-l... ----
The Birmingham age-herald., 1924-06-29
CASH. GRAIN

BAR SILVER NEW YORK, June, 2S.-Bar silver 65%c; Mexican dollars, 6o9sc.
The Birmingham age-herald., 1924-06-29

CHICAGO, June 2s.-Live poultry, lower; fowls, 1sh@211sc; broilers, 319 96c: roosters, 14c.
 Butter was unchanged.
 Eggs were unchanged. Receipts, 24,- s17 cases.
 NEW YORK, June 2s.-Live and dressed poultry, steady; prices were un- changed.
 Butter easy. Receipts, 13,607. Cream cry higher than extras, 41& 942Ac; creamery extras (92 score), 41A @41hc. Eggs were unsettled. Receipts, IT, sS8 cases.
 Cheese, steady. Receipts, 11s,247 hounds. State whole milk flats, fresh fancy to fancy specials, 2O9Hhc.
The Birmingham age-herald., 1924-06-29
NEW YORK BONDS

NEW YORK; Juns 2s---Tollowing ere today's high, low and closing prices Of bonds the New York Stock Exchange, snd the total sales of each
 UNITED STATES BONDS
 United States bonds are quoted in dollars and
The Birmingham age-herald., 1924-06-29
POULTRY AND PRODUCE

KANSAS CITY, Mo, June 22.-Pack- ing butter, 1c higher, 25c; other pro- dice was unchanged.
The Birmingham age-herald., 1924-06-29
PORT MOVEMENT
INTERIOR MOVEMENT

IOtHI IVuay .I ....I oo1OI OUVI ooII , Exports-Week. 500; season, 5,4l6.264.
The Birmingham age-herald., 1924-06-29

NEW YORK COLON
 NEW YORK. June 2S.-FoIlowing the open ing. highest lowest and closing quotations on the New York Cotton Exchange:
The Birmingham age-herald., 1924-06-29
NEW YORK STOCKS

NEW YORK. June 2S.-Following are today's1 sales. high low and closing prices of stocks listed on the New York Stock Exchange:
The Birmingham age-herald., 1924-06-29
Butter was unchanged.

ST. LOUIS, June 2s.-Springs, S5c; hens. 20c; others were unchanged.
The Birmingham age-herald., 1924-06-29

STEEL MARKET NEW YORK, June 2s.-Steel prices were unchanged
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-09-10

caused by the ignorance and stupid
ity of one man, and should he by
some misfortune be reelected, |
shall have grave fears for the future
of our Organization. If only more
of our members we're acquainted
with the man, there would be no
doubt of the result-he would be
overwhelmingly defeated l have
often noticed that when the mem
bers Of a Local have chance to see
and hear him, they usually cast a
strong vote against him at the diff
ferent elections; which probably ex-
plains why he never accepts an in
vitation to visit a Local if he can
find some excuse to get out of it.
AS he is on every possible occas-
sion claiming the credit for bringing
about the Weekly System, am go
ing to give you few facts. In Feb
ruary, 1918. he stated in letter to
me that "the last convention (1917)
cost more than eight thousand dol
lars, and the money might as well
have been thrown into Lake Michi-
gan, as not a single thing of any inn
portance was accomplished" And
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-09-10

by good workers, and that is danger
GUS.
1t is humanity comprehensive, that
the workers clench their fists when
they hear even the names of Grass.
mann & Co., and that hungry work
ers buy milk for their children rather
than pay membership fees which go
into the hands Of social traitors.
can feel with them. But as a mem.
Der of our class, as a member of the
world party, as class comrade, such
a worker is not right. He must recog
nize that it is necessary to pay this
fee, to win this organization accessi
Bile to every worker, that it is neces
sary to remain in it, and that we can
only win it from within. If we do not
do that, our whole program remains
only on paper.
Comrades, what made us most
anxious at the time of the German
discussion of this question?
We understand that after the Octo
Der defeat, after the Saxon comedy a
crisis was inevitable. That is not so
dreadful that we cannot make it good
But when the party as such, and very
good workers who form the basis of
our party, have no clear line of action
on the trade union question, that
makes us extremely anxious. And
the party cannot follow a Communist
line, if it has not a clear line in this
question of all questions. There must
be no lack of clearness here. 1t is
not question of words but Of com
promise, and we must be absolutely
clear on this question.
The Frankfort resolution Of the G.
c. P. is theoretically right, it is the
foundation of a right feminist policy
in the trade union question, but as
every book has it's own particular fate,
so every resolution can have its fate,
it may remain paper resolution. We
have spoken about it a good deal with
our German comrades, with the best
proletarians of Europe. They have
many strong sides, but their weak side
lies to some extent in this, that they
have not yet fought out in the depths
of their soul the trade union question.
They have not yet conquered, this
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-09-10
Communists Oppose Revision of Trade Union Tactic.

these Subatov-G rassmann and Suba-
tov-D' Arragona unions. If we do not
do this, it means that we only want
to win the majority of the workers
with words. Or perhaps you really
want it, only you do not know how.
You cannot win the majority if you
do not stay in the unions. Then you
only pour your water on to the mills
of these gendarmes. Schumacher
may. consider himself on the left, in
reality he is playing into the hands
of Grassmann and Dissmann.
No Compromise in the Trade Union
Question
We can allow no compromise on the
question. The Comintern must speak
out clearly: We must remain in the
trade unions. All Schuhmacherish ar
guments rebound against Leninism
and prove the truth of our policy. Why
do the social democratic leaders ex-
pell us? Because they are afraid we
might win the majority of the work
ers. II there is a question on which
the Comintern might lose it's head, it
is just the trade union question. If
there is any question which can
wreck our German party, it is the
trade union question. cloud applause)
Today a comrade said to me: BY
some communal election or other, we
had suffered a defeat Naturally every
defeat, however small, is unpleasant
to us. But we do not belong to those
revolutionaries who require of their
comrades always and at any price, a
victory; we know that there must also
be defeats. But as Communists we
also, know that in spite of defeats we
must continue the struggle. But If
the feminist standpoint does not find
firm footing in the German party, if
the feminist work does not appear
clearly in the trade union work
that will bring such a defeat as we
shall not be able to stand.
/ must explain that the opposition
in this question is not an academic"
one. Some Communist "academicals"
try their very best to deepen every
false step which we make, but the
danger in the deviations in the trade
union question is, that it is also made
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-09-10

bourgeoisie. We must hold out in spite
Of all, in order to win at any price, the
majority of our class comrades in the
unions, i. e. in the organizations which
are still under the-leadership of these
accused lackeys of the bourgeoisie
(but which will not always remain sol.
The time is coming in which we shall
win the majority of the workers in
the unions. However much it may
cost, we will not give up the winning
Of this organization of the working
class.
The Mensheviki in Russia were just
such lackeys of the bourgeoisie, they
wanted just the same to push us out of
the unions. We fought the same fight
We said: The greater the provocation
the more we must hold on to remain
in the unions, and in spite of all, to
win the majority of the workers. In
the Comintern there were always ele-
ments who wanted to lead us another
way. Already in the LIST and End
world congresses there were voices,
they were partly comrades from Eng
land and America, who said: 1--WE do
not wish to remain any longer in these
unions" Lenin fought against them
like lion.
Now these comrades say: 1--WE are
all Leninists, but we want to go out of
the reformist trade unions, we want
to create new form of the labor
movement, whole philosophy sep
arates us from the old unions" The
policy of the Comintern is this: Work
in the unions as they are. Lenin un-
derstood how to send the first workers
of our party, the first founders Of our
party into the reactionary unions,
which had been founded by tsarist
gendarmes, he even sent them into
the unions which General Subatov had
founded, only to draw the workers in
to our circle of influence. ] must ad-
NIT that the Dissmanns and the Grass
MAINS, the D'Arragonas, and the Com
perses are just such gendarmes, they
are reactionaries. We know the gang:
effectively they are not better than
General Subatov But as we went into
these unions to win the majority of
the workers, we must also remain in
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-09-10
SILL|NSKY in
Big LEAD IN
TAILORS' Poll
Sweeney Making Poor
Showing in Election
BY ANDREW OVERGAARD
Especial to The Daily Worker)

CLEVELAND, O., Sept. o.
The results of the election in a
number of Locals of the Jour-
neyman TaiIors' Union clearly
shows that the membership of
tn e union is looking for a
change, and if the same inter-
est on the part of the members
is shown by other Locals there
is no doubt that Max J. SilIin-
sky, candidate for election as
secretary-treasurer, will carry
the election by an overwhelm-
Ing majority.
The present in C u m b e n t,
Sweeney, has been using the
columns of "The Tailor" to
make personal attacks against
Sillinsky, and utilizes his staff
of organizers to make his cam
paign.
But Sweeney's frantic efforts seem
to be helping Sillinsky. We can judge
by the result of the voting in four Lo-
Gals which is as follows:
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1924-09-10

question. They are still considering
whether it is not opportunism to re-
main in the trade unions. Comrades,
this inward battle must be fought to
finish.
Schumacher appeals to whole
series of resolutions from the transi.
ton period of the G. c. p, from the
time of the vacillations, when the at.
titude to the trade union question was
being taken up. That there were
vacillations is not so dreadful. It was
the time of moulting But when these
vacillations last for years it becomes
a misfortune for the party Schulz
macher's arguments prove nothing
We hope they are theoretically over
come in Frankfort. 1t only remains
ito overcome them in practice.
| was talking to a Berlin comrade
one of those proletarians who form
the foundations of the party. l got
the impression that he was to some
extent ashamed before the masses,
because we remain in the social demo
cratic unions. In the undertaking in
which he is working there are 10000
workmen employed Only a few
thousands are organized in trade I'M
ions. Now he is ashamed to stand be-
fore them and say: You must go
into the social democratic unions
These 10000 he considers very good
workmen. No, comrades, we know
the masses well, we have had to do
with thousands. yes, millions Of work.
ers. We already know those masses
who say: you don't get me into the
trade union, it has no sense to go into
that show" They sometimes make
very radical gestures, but they often
do not go into the party, and remain
far removed from the revolutionary
struggle. Then comes the moment
when they say: Where was the party
when we went wrong? 1t is there to
set our mistakes right" OF course
we cannot carry out the revolution
without these 10000, but we must
convince them that it is necessary to
remain in the unions. If we do not
do that, then we cannot destroy the
bourgeois order
(To be continued)