davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
Sl.75 ISPASSED
BY MAY WHEAT
All Deliveries Are Lifted
To New Highs On The
Chicago Exchange

CHICAGO, Dec. 19.-New upward
flights took wheat today well beyond
S1.75 a bushel as a goal Tor inc May
delivery here, and lifted all chicago
deliveries of wheat and rye 10 ABOVE
any previous top quotations tnis sea
son. TlAe latest smashing OF hlgn price
records was associated with continued
reports Of breadstuffs shortage, espe-
cially an estimate that the world crop
is 440 .oOo, 900 bushels less than last years
total. Closing prices on wheat were
strong. liz to 3ssc net higher, May
s1.76S s1.7e1h and July $1.51as to $1.51h
with corn Is to &c up, oats u TO "a
off and provisions carrying from 1oc TO
35c gain.
Indications of liberal foreign buy
ing of future deliveries Of wheat here
acted as an early stimulating influence
in the wheat market today and SO did
sharp advance in Liverpool quotations
of wheat available for immediate deiiv-
cry there.
Bullish aspects or the united states
government crop report as to wheat
and rye were given considerable atten-
ton, particularly the fact that the con-
dition of both wheat and rye was shown
to be below what had been generally
expected.
Corn prices advances were due almost
entirely to wheat strength. Profit TAX
ing sales weakened oats.
Provisions averaged higher, in line
with grains and hogs.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
BONDS IRREGULAR
IN QUIET MARKET
Rise In High Grade Rails
Counteracted By Losses
Elsewhere

NEW YORK, Dec. 19.-Bond prices
fluctuated irregularly in today's quiet
trading. Investment buying Of high
grade railroad issues brought substan-
tial advances in this group, but these
were counteracted by recessions in the
speculative rails and industrials lines.
Firmness of the time money market
had tendency to retard trading activ-
ity although some encouragement was
provided by the fact that the local fed
eral reserve banks rediscount rate re-
NAMED unchanged at per cent.
Demand for the investment railroad
bonds embraced Delaware and Hudson
convertible fives, Great Northern fives,
Southern Pacific refunding fours.
Northern Pacific SKIES, and Nickel
Plate" 5lss which scored gains rang
ing from fractions to moro than a point,
Frisco, katy" and st. Paul liens re-
coded fractionally. Seaboard adjust
ment fives were quiet following tho
official announcement that no definite
policy had been adopted regarding pay
ments on accumulated interest.
Pan-American Petroleum bonds, keep
ing pace with a rise in the stocks Of
this company, led an upward movement
in the oil issues, which were the strong
est feature of the industrial group.
Sicily 6lhs sold at new high price
for the year.
Interest in new financing centered in
the announcement that new public Of
fering would be made soon Of the
100000 notes of the new Krupp works
Of Germany.
wi a.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
COTTON LETTERS

NEW ORLEANS, Dec. 19.-Market fr-
regular today, higher in early session
owing better cables than due and ex-
pectation of large mill takings for week
and lower in afternoon because OF a
large weeks in sight, a further i'm
portant increase in worlds visible sup
ply of American cotton and on ac-
count of traders expecting large gin
nings to December 10, tomorrow. Gin
ming returns If bearish are likely to
prove only a passing influence and If
they happen to be bullish, the market Is
apt to recover quickly. The trade is ex-
pecting a total of about 12,700,000 bales
ginned to December ID, VS.. 9,549,00O to
corresponding date last year, and TO-,
$4,000 in previous big crop year OF
1920, when the production was 13,440,000
bales. This years crop, exclusive Of
linters, Is estimated at 13,153,000 bales.
Better results were expected Of foreign
crops and notwithstanding the foreign
yields all told being somewhat larger
than last year, Indian and Egyptian
cotton is relatively higher in price
than the American product and all
growths remain in good request. Sta
tistics in sight for week $4,000 VS.. 397,-
900; since August first 9,504,000 VS..
1921, 900, exports for week $4,000 VS..
$1,000; since August first 3,943,000 VS..
2,971,00o spinner takings week 438,000
VS.. $4,000 since August first 100000
VS.. 3,166,000 worlds visible supply Amer
lean 4,609 900 VS.. 3,166,000 other kinds,
LOOP, 900 VS.. 100000 VS.. 100000 worlds
visible all kinds 5,611, 900 VS.. 4,356, o00.-
II. and B. Beer.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
Stock market averages:


NEW YORK, Dec. 19.-Spirtted bid
ding for the public utility issues fea-
tured the rising trend of prices in to-
days curb market. Commonwealth
Power was boosted seven points to 100,
American Power and Light advanced
324 to 6S% and Lehigh Power securities
moved up 3ss to 9s%, while several 9TH
ers, including American Light and Trac-
ton and middlewest utilities advanced
a point or so.
Oils pointed upward but they failed
to rally as extensively as the petroleum
issues on the big board" Pairie Oil
and Gas closed a point higher at 2o9
but the other gains were largely nom
inal.
Radio issues continued to reflect the
heavy Christmas demand for radio sets.
Dubilier responded to the proposal of
a stock dividend by mounting to new
record at 66A but the traditional sell
ing on the good news" carried 1t back
to 6414. The stock sold as low as 1850
a share earlier in the year. Ware
closed a point higher and Thermiodyne
touched a new top at 17%. Except for
a gain of about a point by Lehigh VAL
ley certificates, the most active feature,
there was little of interest In the indus
trial list.
In the bond list, International Match
611s of 1943 were again actively traded
in, closing a point higher at 114h.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
COTTON BREAKS
ON LIQUIDATION
Reactionary Movement Is
Again In Evidence In
Market

NEW YORK, Dec. 19.-The reaction
airy movement in the cotton market yes
terday was in evidence again today, and
after selling up to 24.19c in the early
trading, March contracts broke to 23.S4s
on realizing or liquidation. They closed
at 24.01c or II points up from the low
est on covering, however, the general
market closing steady, net unchanged to
9 points higher
The market opened steady at an ad-
vance Of five to - points on the firmer
tone of Liverpool and Manchester cable
adyices, and prices worked up several
points on covering and trade buying.
January advancing to 23.78c and May to
23.54c. At these figures the market
met renewed profit taking or realizing,
which may have been promoted by I'M
certainty of the showing Of tomorrow's
ginning report, or the approach Of the
holiday period. Trade buying was less
active than recently. The market ap-
peared to lack support at midday when
January sold off 23.45c and May to
24.22c, or 10 to IL points net lower and
about 45 to 4S points below the high
prices of last Wednesday. Offerings
became smaller at the decline, suggest
ing that the scattering long interest had
been pretty well liquidated and prices
rallied IA OF Is points from the lowest
in the late trading on renewed covering
accompanied by further bullish sport
advices from the south.
Cable advices from Manchester re-
ported a distinctly healthier tone in the
British goods markets and that Man
chester trade interests had been buyers
in Liverpool.
The early afternoon selling was pro-
NOTED by the weekend figures showing
an increase of 122,S72 bales in the
worlds visible supply of American, COM
pared with an increase of 1905 bales
for the same week last year.
NEW YORK COTTON.
NEW YORK, Dec. l9.-The following the
opening. high low and closing quotations Of the
New York Cotton Exchange:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
BRADSTREET'S REVIEW
NEW YORK, Dec. 19.-Bradstreet's

tomorrow will say:
Retail and holiday trade reports are
irregular, with most centers reporting
fair to hood buying, but with some
notable variations revealed accordingly
as different areas Of country are con-
sidered. Wholesale trade and industry,
on the other hand, generally subnor-
NAL at this season, show more than
usual life. the result being that gen
eral characterization Is difficult. In
dustrial operations seem to have quick
ened further. Parts Of the northwest
note severe cold and heavy SHOWS as
retarding retail trade, while, on the
other hand, most Texas points COM
planned early Of summer-like weather
holding back buying. Later reports
there, however, are of rain or snow.
In parts of the southeast, as for in
stance, Georgia and the Carolinas, trade
is disappointing, and again many New
England mill centers report holiday
trade held down by past unemploy-
ment. In Southern California trade
also seems to lag"
weekly bank clearings, s1o,5s4, e35, 900
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
FOREIGN EXCHANGES

NEW YORK, Dec. 19.-Foreign ex-
changes firm. Quotations in cents:
Great Britain, demand, $470 9-16; ca
bles, $40 1916; 60-day bills on banks,
S4.67 1916. France, $5.3995.39k; Italy,
4.2S94,2S1s; Belgium, 4.991a $500; Ger
many, 1881; Holland, 4O34; Norway,
1910; Sweden. 1888; Denmark, 1855;
Switzerland, 1887; Spain. 1897; Greece,
1872; Poland 1914 Czechoslovakia,
3.03h; Jugoslavia, 1.49h; Austria,
.o014h; Rumania. .514; Argentine
1895; Brazil, 11.55; Toxic, SS1a; Mont
real, 99i2.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
INTERIOR MOVEMENT


NEW YORK, Dec. 19.-Cotton goods
trading was of moderate volume
throughout the day with prices holding
steady. Combined sales of wide print
cloths and sheetings for the week
reached 100000 pieces. Wide flannels
were in demand. Wool goods handlers
announced that sharp advances were to
be made in all foreign woolens, which
are expected to lessen imports. Bur-
laps were steady with prices unchanged,
although further buying was reported
for delivery in the first quarter of next
year. Raw silk was quiet.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
NEW ORLEANS COTTON

NEW ORLEANS, Dec. 19.-The cot
ton market developed q reactionary ten
dency today folloying an opening ad-
vance of moderate proportions due to
better cables than due. Active trading
months gained 1S to 10 points during
the first half hour of trading and then
easier mainly on weekend liquidation
until early in the afternoon values were
81 to 80 points below the early highs.
There was a moderate recovery in the
late trading on short covering and final
results showed little net change for the
day.
At the start prices showed gains of
four points and soon made further gains
until January traded at 24.07c, March
at 24.14c and May at 24.40c or IS to
10 points above the previous close. The
subsequent reaction carried prices
eventually down to 23.75c for January,
%. S3c for March and 24.10c for May, or
80 to 80 points off from the early highs
and II to Is points net lower compared
with the previous close. A fair proper
ton of the loss was recovered in the
late trading and the close showed net
losses for the day of one to five points
on near months and net gains of one
to 2 points on more distant positions.
Reactionary feeling developed during
the day was based largely on fears that
the census bureau report due at the
opening tomorrow would show rather
large ginnings, out of line with the re-
Gently issued final crop report of the
government. There was also the gen.
eral tendency to Hquidate for over the
weekend.
The weekly statistics with the excep-
ton of exports were distinctly bearish,
particularly the large insight for the
week of 568,277 bales against only 397,-
247 last year and large increase in the
visible supply of American for the
week, 1869 bales against an increase
for the corresponding week last year of
only 1873. Even the mill takings of
49S000 against $4,000 last year were
not as large as hoped for. Exports for
day totalled 1924 bales and for the
week 314,413 against 257 ,931 last year.
| NEW ORLEANS COTTON.
NEW ORLEANS. La, Dec. 19.-Cotton future,
| closed steady points down In I'M
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

NEW YORK. Dec. 19.-Call money
easier; high, 212; low, 21s; ruling rate,
pa closing bid, 212; offered at 2A;
last loan, 21a; call loans against ac-
ceptances, "a. Time loans, steady; 60
80 days, 31aQ3%; As months, 3&Q4;
p1ime commercial paper, Sh9S%.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

PHILADELPHIA, Dec. 19.-Butter
solid packed, higher scoring than ex-
tras, 455A@48hc. The latter for small
lots. Eggs unchanged. Live poultry,
fowls, healthy, heavy, fat Plymouth
Rocks weighing five pounds or over
26027c; turkeys, fancy, 8S@39c.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
METAL MARKET

NEW YORK, Dec. 19.-Copper, firm;
electrolytic spot and nearby, IA 5-Sc; flu
lures, IA 5-SQ14Ac. Tin easy. spot and
futures, $56.25; iron steady, prices I'M
changed; lead firm, spot, $9.35Q1O.25;
zinc firm, East st. Louis spot, $745;
futures, $745@750; anthony spot,
S1406.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

NEW ORLEANS, Dec. 19.-Rough
rice, strong; sales, none; receipts, none;
millers receipts, 100 sacks.
Clean rice, strong; sales, 600; Blue
Rose SIC; receipts, 6,545 pockets.
Bran and polish unchanged.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

NEW ORLEANS, Dec. 19.-Cotton
was dull and steady in the early trading
with price fluctuations within a range
of hardly more than 10 points in the
first half hour. Liverpool made good
showing and was about as due. Spot
sales were 5000 bales, of which $500
were American. There were some ia
vorable spot demand reports. New York
reported spot news favorable, but goods
demand reports were less favorable
than expected. Fall River wired that
sales were less than 10000 pieces and
the market very dull, but added: "This
is pre-holiday and inventory season"
The weather map showed rains in the
west and dry in the east with very cold
weather in Texas and a forecast pre-
dicted lower than freezing weather for
the south tonight and a storm warn
ing for the coast. The exchanges were
much higher than the close yesterday
L. & A. to s. r. Stewart.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
COTTON SEED OIL

NEW YORK, Dec. 19.-Cotton seed
oil was erratic today. After opening
lower, prices advanced 1 to points
with lard, then sold off 10 to 16 points
and at the close showed net losses of
to Z points. Realizing constituted the
bulk of the selling although some hedg-
ing was in evidence. Commission house
took the offerings. Sales, 28,400 bar
rels. Tenders, 100 barrels. Prime crude,
$9.S7h sales; prime summer yellow spot,
$11 .50@11.75; December closed, $11.45;
January, $11.53; March, $11.72h May,
$12.15, all bid.
FOREIGN MONEY
NEW YORK, Dec. 19.-Bar silver,
67%; Mexican dollars, TAN.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

NEW YORK, Dec. 19.-Raw silk, firm,
prices per pound: Kansai double extra
cracks, S6.65G6.70; Kansai best No. l,
$6.20Q6.21; Shinshu No. l, $610@6.15;
Canton extras A, 1916, $57545.S5;
Shanghai, China, steam fill gold double
dere, $7.O00720.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
NEW YORK BONDS

NEW YORK Dec. 19.-Following are today's
high low and closing prices Of bonds on the New
York Stock Exchange, and the total sales OF each
bond:
thirty seconds Of dollars).
ru,ren eTArEe paune
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
HUBBARD BROS. & co.

Members New York Cotton Exchange,
New Orleans Cotton Exchange. Now
Members Liverpool Cotton Association.
Orders solicited for the purchase and
sale of Cotton and Cotton Seed Oil for
future delivery. Special consignment
Of spot cotton for leliEarv.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

CHICAGO, Dec. 19.-Potatoes, mar
ket about steady, too few early sales
to establish a market.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
NAVAL STORES

SAVANNAH, Dec. 19.-Turpentine.
firm; 79hQ79%c; sales, 1o3; receipts,
$40; shipments. 12S; stock, 14,S4o.
Rosin, firm; sales, 1,194 receipts, l.
757; shipments, 1923; stock, 97,2o9.
Quote to G, $6.3715 96.4212; H, $40
m6.421z; I, $6.4OQ6.45; K, $3.50; NJ, sos;
N, $685.; Wg, $765; WV, $3.50; X, S8.75
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

NEW YORK. Dec. ia very mar
row market prevailed throughout the
entire session, the local trade believe
the record advance has been entirely
of technical character and that the
speculative outstanding short interest
has about finished covering, conse-
quently they are again looking for a
decline. On the other hand, the de-
mand for spot cotton continues large
with the basis holding very steady in
the south. There does not appear to be
much at the moment to move the mar
ket out of the narrow range now pre-
vailing, at least not before the holidays,
unless the ginning report tomorrow is
such as to change opinions regarding
the ultimate size of the crop. Liverpool
futures are due tomorrow: January,
1860; March, 1900. Hubbard Bros. &
Co.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

NEW YORK, Dec 19.-Liquidation
prior to tomorrows ginning report
wherein 1t Is said several states will
show more cotton ginned than the gov
ernment's estimated their total crop was
today's feature. Wire service to the
west was crippled but the south sold
small lots. Local professionals pressed
the market when the weekly figures
were published. We believe there is de-
cidedly more opportunity on the up side
of this market than there is on the
down side and believe with use of pa
thence cotton can be safely and profit
ably owned around these prices.-Fenner
and Beane to Kahn and Virgin.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

LINERPOOL COTTON

LIVERPOOL, Dec. 19.-Cotton: Spot,
quiet; prices steady. Strictly good
middling, 14.13d; good middling, 1850;
middling, 13.2Sd; strictly low middling,
12.98d; low middling, 12.5sd; strictly
good ordinary, 12.1Sd; good ordinary,
11.5Sd; sales, 5000 bales, inclding $500
American. Receipts. 1000 bales, includ-
ing $500 American. Futures closed
steady: December, 1880; January,
13.13d; March. 1880; May, 1920; July,
13.30d; October, 13.01d.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
NEW YORK CURB
INpusIRIAls

NEW YORK, Dec. l9.-Folowing Is the oificia
list of transactions the New York Curb Exchange
giving all stocks and bonds traded in:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
NEW ORLEANS SPOT COTTON

NEW ORLEANS, Dec. 19.-Spot cot
ton steady and unchanged; sales on
the spot, GIL bales; to arrive, 450; low
middling, 2240c; middling, 23.90c; good
middling, 2440c; receipts, 1857; stock,
416,675.
SPOT COTTON
NEW YORK, Dec. 19.-Cotton: Spot.
quiet; middling, $24.OO.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
STANDARD OILS

300 Anglo American Oil ...... lsS 1871 1915
90 Borne ScryTnSer ,,,....... .240 235 2S5
so Buckeye Pipe Line ...,,,.. 59% 59ls 59%
100 Crescent Pipe Line ...... IS 10 ID
100 Cialena Signal Oil ........ 81 81 81
1900 Humble oil .............. 41h Al 417s
40 Illinois Pipe Line ..,.....l27 l27 127
ESQ Imperial OIL. Canada .....,ll3% ll3 ll3&
30 Indiana Pipe Limo ...... 70 II II
$500 International Pet. ........ 23A 227s 22fS
100 Nat. Trans. .............. % % %
10 Northern p. l.. ......... IN ~ Iz
800 Ohio OIL ................ "a 63lt "a
$50 Prairie OIL & Gas ........2ll 2O8la 209
100 Prairie Pipe Line ........lOS1A Jos los
20 Solar Rel, ...........,....EV Iu1 Euo
100 South Penn. Oil ..........l32 100 100
2C9OO STANDARD OIL Of Ind .,.. 62A 6ls 6lA
lOo standard Oil of Kansas. $sh 1914 $6H
400 standard OIL Of ny. ......1lOh 10 ll0h
20 standard oil Of Neb 49,, 255 255 255
$500 standard Oil OF N ~. 44h 43& a
10 Standard OIL OF Ohio $50 $50 $50
100 Prairie Oil & Gas M. SO 52h 52%
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
NEW YORK STOCKS

NEW YORK. Dec. l9.-Foowing todays (
sales high low and closing prices OF stocks listed
High Low Close |
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

buying rallied prices moderately during
morning but advance was lost in the
afternoon local liquidation and some
hedge selling. There was no news of
fresh importance and general business
showed no improvement. Exports were
$4,000; spot demand in the south was
reported good but largely for staple
cotton. Ginning report tomorrow morn
ing is expected to approximate the ma
tional ginners If 1t comes much diff
ferent 1t will influence market up or
down. There was a good deal of bear
ish talk on October because of rain and
low temperatures and forecast for more
rain. Sentiment averages friendly to
the market on reactions.-John F. Clark
& Co.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

STEEL MARKET
NEW YORK, Dec. 19,-Steel prices
unchanged.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

II youngstown 8. e T. S.. g5Z g5H g5N
Total sales OF bonds today were s13413.00o com
pared with 1882 900 previous day and SILL 202 oO
Q year ago.
The Bozeman courier. (Bozeman, Mont.) 1919-1954, 1924-10-22
Quantity
1888 bushels
TOTAL (three years. ..17,453 bushels

TOTAL (three years. ,.17,453 bushels
From the above table It is seen
that the total of Canadian wheat
brought into the United States since
the Emergency tariff with its duty
Of 30 cents a bushel on wheat, be-
came effective in 1921, up to the first
Of the present year, was only 17,433
bushels, or about the production OIL
one average-sized Montana wheat
farm for that time. Manifestly, even
if all of this wheat escaped into do
nestle channels, it would not have as
much eject on the domestic wheat
market as a July shower on one Mon
tana township.
These figures make it plain that,
wherever the culprit may Turk which
prevents the tariff from being fully
effective on the domestic wheat price,
it is not to be found in the wheat
drawback clause. We must pursue
The Bozeman courier. (Bozeman, Mont.) 1919-1954, 1924-10-22
WEATHER is COOL
THROUGHOUT STATE

Con. from Page One, 2nd Section)
in Lewis & Clark, Richland and Vel
lOwstone counties.
Following is a summary Of the
reports by counties:
Cold in Blaine
Blaine-COld. T~hreshing late.
good yields and quality. All root
crops good. Stock in good condition.
Shipments of cattle, sheep and hogs.
Labor conditions normal.
Carbon-Snow, threshing late. Non
irrigated winter. wheat % bu. peg
acre, spring wheat 80 blu. per acre;
irrigated spring wheat 30 bu. per
acre. Average yield on three cuttings
alfalfa five tons. Peas averaging AZ
bushels per acre.
Chouteau-Showers Seeding win