davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
-FOUR HORSEMEN
OF WALL STREET
LAUD ADVANCES
Radio Called Into Use
AS Storms Cripple
Wire Service
nv TODD w. WRIGHT

(By Leased Wire to The Age-Herald)
NEW YORK, Dec 19.-There seems to
be no limit for the stock markets pres
ent bullishness. Under the leadership
of the United States steel, american
Can, General Electric and Baldwin Lo-
connective, the four recognized leaders,
which have been dubbed the four horse
men of Wall Street, the market con
tinues its climb into further new high
territory.
Despite crippled wire service due to
severe storms in the west, making 1t
nearly impossible to get orders In from
Chicago and Pacific coast points, a
veritable flood of orders poured in from
all sections of the country Friday and
trading again passed 100000 shates
for the first time in week.
Radio Replaces Wire
The radio was called into use by some
houses and this means of communica-
ton with the isolated western regions
was satisfactory to the point that sew
eral brokers are already making future
plans for using the wireless on a greater
scale than has been attempted hereto
fore.
The amazing strength of Fridays
market was due in great measure
to Secretary Melons statement that the
high price of stocks at the present time
was not dangerous, but quite natural.
his gave the pubic TeucWcu CohllucHSc
and resulted in the heavy rush of Or
ders. Veterans of tn street expressed
the belief that II communications had
ben normal the session would have
been the biggest of the year.
AS the -four horsemen" got back into
the saddle after being relegated to the
background for weeks by the buoyancy
in rails and public utilities, the ent,Sls-
iasm spread and the whole list respond
ed to an uprush that could only be de-
scribed as spectacular. The oils and
motors were particularly strong. The
latter group was led by Studebaker,
which went into new high ground on
huge transactions. In the oils. Standard
Oil of New Jersey and Pan-Amertcan
were most impressive.
Rails In Demand
The rail issues, which have enjoyed
the majority of attention recently, were
in good demand, but their activities
were overshadowed by the other more
active groups.
No very important developments took
place in the bond market during the
day, as the stock exchange had most
of the attention.
Wheat, however, was fully as active
as stocks and went into new high
ground in sensational advances, scored
principally in May options.
Dealings in European and other for
eign exchanges were on a large scale
again, with the demand increasing in
volume and resulting in generally high
er prices throughout the list.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

JACKSONVILLE, Ala, Dec. 19.-Tur-
pentine, firm, 79Ac; sales, 95; receipts
EOS; shipments, IL; stock, S0,3S5.
Rosin steady; sales, 7S9; receipts
LIPS; shipments, 200; stock, 1895.
Quote: B to H, $6.42h @6.47h; l.
$6.45Q6,47h; K, $6.6o@6.65; M, $685.; N
$685.; Wg, $7.65; WV, $3.50; x, $8.75.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

have been numerous reports of a better
se0t demand and a decidedly firmer
basis for spot cotton in the interior.
Gables from Manchester stated there
was a distinctly healthier tone in the
British goods trade at the end of tho
week with spinners calling cotton freely
in Liverpool, which was regarded by
local traders as probably foreshadow
ing a further export demand in south
ern markets.
There was good deal of builish COM
ment on the report of the census bureau
showing domestic mill stocks of only
1,046,612 bales at the end of November
compared with ,444,417 at the same time
last year. These figures were regarded
as indicating that domestic mills still
had a good deal of cotton to buy and
that a demand from these sources might
be expected should there be an increase
of spot offerings between now and the
end of the year.
A better business was reported in the
local goods market at the beginning of
the week but Fall River sales for the
period were estimated at only 10000 to
$4,000 pieces. -.
Perhaps one of those bargains in used,
cars in todays Age-Herald Want Ads,
is inst what Won nave been LOOKING for
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
LOCAL DATA
WINDS

East Gulf: Fresh to strong north. and
weather overcast with rain Saturday
West Gulf: Strong northerly and
weather overcast with rain Saturday.
Caribbean Sea and Windward Passage:
Fresh east and northeast, and weather
overcast and showery Saturday. Storm
warnings are displayed the east coast
Florida.
Sandy Hook to Hatteras: Northwest
gales and overcast weather. probably local
rains Saturday.
Hatteras to Florida Straits: Moderate
shifting winds becoming fresh northerly
over north portion, and weather overcast,
probably local rains Saturday.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

WASHINGTON, Dec. 19.-India's cot
ton crop this year will be the largest
in 30 years totalling 5,O69, 900 bales, the
department of agriculture was advised
today by its agents. The crop exceeds
the 1928 figure by $4,000 bales. The
cotton area reported to date Is 24,707, 900
acres or IS per cent more than last
year.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

NEW YORK, Dec. 19.-Although the
spot price of raw sugar was unchanged
today from ATTIC duty paid,-later ship
ments were lower, selling at 4.52c. Sales
included 10000 bags Cuban, December
clearance at ATTIC; 10000 bags Porto
Rican first half January shipment at
4.59c; $1,000 bags Cuban, late January
shipment, at 4.65c, and $4,000 bags Phil
ippines, late January or early Febru-
airy arrival, at 4.52c.
Issuance of 40 December notices
caused renewed liquidation in the posi-
ton in raw sugar futures, otherwise
the market was firmer on covering and
continued buying for Cuban account.
Final prices were points lower on De-
cember and to higher on latter de-
liveries. December close, 3.5Sc; March,
2.s6c; May, 296c; July, Bose.
Refined sugar was easy and I'M
changed to 20 points lower. list quota
tions now ranging from 7.15 to 730c for
fine granulated. The volume of bust
ness continued light.
Refined futures were nominal.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
MOST CRITICS
ACCOMMODATED
FORBES ASSERTS
Majority Of Workers And
Employees Found To Be
On The Square

After writing the
column which ap-
peared a day or
two ago about our
right to spend
money as we
choose, and criti-
cising those who
criticise us for not
spending 1t the
way they think we
should, I came
across an article
bearing on this
same subject in
the great English
newspaper, The
Manchester Guard
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

BAKERSFIELD, Cal, Dec. 1s.-Esti-
mates from gin centers in Kern county
show that more than $4,000 bales of cot
ton out of $4,000 ginned to date, have
been sold at an average rate of SIPS
a bale, yielding cotton growers more
than $4,000 900. By-products factories
here will handle a gross business of
100000 while the sale of seed will NET
another $500
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

Not only has the volume Of these ex-
ports increased. For the period from
July through October, all agricultural
exports were vaiued at S693, 767, $50 this
year as against $3.50, 669,77S in 1928,
gain of $137, 900, or nearly 25 per
cent.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

December sales of the Warren Foun-
dry and Pipe company subsidiary OF
Replogle Steel have been among the
heaviest of the company's history q
200 tons of pipe and several hundred
tons of fittings having been sold re-
Gently to a city in New England The
plant has three months business on it's
books,
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
POULTRY AND PRODUCE

NEW YORK, Dec. 19.-Butter steady
receipts, 6,482; creamery higher than ex-
tras, 441a Q45c; extras, 90 score. 44c;
firsts, IS to 81 score, 37Q43c.
Eggs irregular; receipts, 9,732. Nearby
hennery whites, closely selected extras
71q72c; nearby and nearby western
hennery whites, firsts to average ex-
tras, 62070c; nearby hennery browns
extras, 69Q70c; Pacific coast whites,
extras, 6412 @41hc.
Cheese firm; receipts, 94,991.
Live poultry irregular, broilers, by
freight, soc; fowls, by freight, 10Q20c;
by express. 15q25c; turkeys, by freight,
45c; by express, 5OG soc; ducks, by
freight, Soc; by express, 4OQ45c; geese,
by freight, Bic; by express, 35040c;
dressed poultry irregular; turkeys, west
ern, 34043c; do southwestern, 34Q41c.
CHICAGO, Dec. 19.-Poultry, alive,
higher; springs, 20hc; turkeys, 33c.
Butter, lower; creamery extras, 401ac;
extra firsts, 39640c.
Eggs unchanged.
ST. LOUIS, Dec. 1s.-Poultry, turkeys,
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
WEEKLY LIVERPOOL

LIVERPOOL, Dec. 19.-Weekly cot
ton statistics: Total forwarded to mills,
$4,000 bales of which American $4,000.
Stock $4,000; American, 446,000 I'M
ports, 10000; American, $4,000; exports,
1000 American 1000.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

An extra dividend of 81 a share has
been declared by the Mohawk Valley
company with the usual quarterly dis
bursement of So, both payable January
2 to holders of record December %.
The New York Central railroad con-
trolls the company, owning $5,114,3O0 of
the $7,500,0 900 par value stock.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

SAVANNAH, Ca, Dec. 19.-Sea Is
land, market nominal; extra choice, 500
3Sc; sales, none; receipts, four; ship
ments, none; stock, "a; crop in sight,
27o
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

Newsprint production in the United
States in November declined to 116,6o3
tons from 129,429 in October. Ship
ments also fell to 119,5s4 tons from
129, 1856. The Canadian output was Ill.,
O49 tons against 112,243 in October.
Shipments of Ill 1882 declined about 500
tons.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

Virginia Iron, Coal and Coke com
pany has offered to buy from stock
holders of record December 81 half of
the outstanding preferred stock at $50
share, the offer to terminate Febru-
airy 2, 1925. The stock was quoted yes
terday at rs bid and So asked.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

Perhaps one of those bargains in used
cars in today's Age-Herald Want Ads
is just what you have been looking for.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

The Standard Power and Light cor
poration recently organized by II. NJ.
Byllesby and company to acquire stock
in public utility enterprises. is reported
to have obtained control of the United
Railways Investment company. The
latter through subsidiaries controls the
Pittsburg Utilities corporation, the Phil
adelphia company, the Duquesne Light
company and other important power
properties.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
LONDON MONEY

LONDON, Dec. 19.-Bar silver 80 5-16
pence per ounce. Money 2% per cent
Discount rates, short bills, 1916 per
cent; three months bills. 8 13-16@3A.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
CASH GRAIN

CHICAGO, Dec. 19.-Wheat: No. 2
red, $1.s1; corn: No. 2 mixed, $1.22Q1.23;
oats: No. 2 white, 61Q611ac.
Timothy seed, $6.00Q7.15; lard, $3.50.
ST. LOUIS, Dec. 19.-Cash: Wheat No.
red, $1.93; No. 8 red $1.s9. Corn:
No. white, $1.29; No. 2 yellow, $1.25h.
Oats: No. white. 60Rc; No. 2 mixed,
&c; futures: wheat, December, $1.6714 !;
May, $1.75as. Corn, December, $1.21 II !;
May, $1.29B. Oats, December, SOC; May,
64Ac.
NEW YORK, Dec. 19.-Rubber,
smoked ribbed sheets, spot, 3Sc. 4
NEW YORK, Dec. 19.-Rye, steady,
No. 2 western, $1.54A fob, New York,
and $1.52h elf. export. Others I'M
changed.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
STOCK LETTERS

NEW YORK, Dec. 19-Trading in
the stock market was resumed on a
large scale again Friday, with total
turnover approximating 2,0s9 900 shares
Many stocks continued treir advance
and gaining new high ground. 1t
seems more and more that the market is
becoming one of special stocks. We
believe that this stock has been a ia
vorfte sale Of many spectators for
some weeks. In our opinion Interna-
tfonal Paper has been under accumula-
ton in the low fifties. 1t is well known
that the company Is strong in potential
water power equities. Marketing in the
Pan-American issues is perhaps the
largest of the year. Determined buying
took all the stock offered today and we
believe that the Dohny issus will event
ually sell higher.-Steiner, Rouse and
Stroock.
NEW YORK, Dec. 1e.-The upward
swing In the market continued prac-
tically all day. The course of prices
was sharply upward and many new
highs were established throughout the
list. Baldwin assumed leadership for
time, gaining over 5 points for the
day. American Can also resumed it's
advance after absorbing heavy profit
taking. The oils for the first time in
long while were positively buoyant
under leadership of Standard of New
Jersey which reached a new high above
40. Standard Oil of California and 9TH
ers were alphabetically affected. Sen
timent toward this group is becoming
more favorable every day and during
the afternoon the announcement was
made that President Coolidge had ap-
ointed a Federal Oil conservation board
to study scientifically the needs of this
basic industry.-Fenner and Beane to
Kahn and Virgin
NEW YORK, N. Y. Dec. 19-Pros-
tration of telegraph wires interferred
materially with business from the CEN
trail west, but stock market did not suf-
fer for want of business. Volume was
again larger and further progress was
made in advancing values Some issues
therefore heretofore quiet became lad
ers equipment stocks led by Baldwin and
the steel stocks attracting most atten-
ton. United States Steel established
new high. Nowhere Is business i'm
provement more evident than in the
steel industry, and It is Is a very sim
pie matter to calculate the need of
railroads for new equipment considering
the tonnage the railroads are handling
and what they may be called upon to
handle this coming year. There is very
little room for discussion as to merit
of market but there may be question
as to technical conditions and therefore
while continuing optimism it is ad
visable to operate along lines of conser-
vatism.-John F. Clark G. Co.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20
Wall Street Briefs

ST. LOUIS, Dec. 19.-Poultry, turkeys
35c; springs, &c; geese, 1Sc; ducks, zoe
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

Perhaps one of those bargains in used,
cars in today's Age-Herald Want Ads,
is just what you nave been looking for.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

The figures are index numbers based
upon July, 1909, to June, 1914, as equal
ing 100 per cent.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

The remedy? Fuller knowledge, fuller
understanding. Also, does it not be-
hoove us to think twice before condemn
ing any one until we have absolute
knowledge instead of a mere "hunch"
fostered, perhaps, by some entirely ire
sponsible gossip?
We are approaching the season of
peace on Earth, Good Will Towards
Men" We human beings would get
more happiness out of life If we exer-
cised this spirit all the year round.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

Summary Of observations made at sta
lions of the United States weather bureau.
during the ga hours ending at p. M.
Goth meridian time. Friday. December 10,
1924:
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-12-20

Pejudice usually springs from igno-
rance. No distrust which we do not
know, and very often, those whom we
do not know. Often 1 have had private
secretaries and others say to me of
the head of a concern not popular with
his workers, "If the men only knew
Mr., as l Enow him, they would be
for him every time, not against him"
New Britain herald., 1924-02-23

fence by convincing himself that, after
 all, everything was for the best, and
 that as long as educated men who
 realized that the power of this country
 comes from its productiveness and
 financial stability were in charge of
 affairs, any little irregularities should
 be overlooked because they were not
 as bad as a government by the ordi- nary run of people would be. 3.
 The good that the disclosures re- garding the Teapot Dome matter have done is that it has shown not one ir- regularly, one transaction tainted with fraud and abuse of trust, but that it has shown up flagrant ex- ample Of the sort of thing that has been going on in Washington ever since the "old guard and its satellites have been in power. Perhaps this oil matter is a bit worse than other af- fairs; perhaps fl is not. At any rate it is the belief of the honest men who think and who know--the men to whom this is addressed-that there has been formed, all over the country, ,an exclusive army of influential per sons who, knowing just about what has been going on at Washington, has remained silent while these things have been done. convinced that the perpetrators of the at least question: able transactions would come to their aid-the aid of the members of this army of influential people-wheneve called upon.
 The political "old guard" for a long time republican, but liable to be dem- ocratic under the same circumstances, must go. and the honest thinkers who have, in measure. been aiders and abettors of the old guard, realize to- day that all "old guard" habits must go. Fall Denby-they are but small pawns in the great game which has led to the enrichment of those who worked with the old guard. The theory of the whole thing has been an un- democratic, as un-American as one may conceive. And the best part of it is that the coming to head of this situation, has aroused from their lethargy many of the somnambulists, the powerful men in private life. who see now that their loyalty to their country should compel them to join with the ordinary citizen who has long cried out, Tt must stop"
 The old guard, and the old guard methods must go We have faith enough in the strong men of this country to believe that they will take their stand with the real democrats of the land-those who live and believe | in the principles upon which the coun- try was founded.
New Britain herald., 1924-02-23
CITY COMMENTS

It would be a lot more agreeable to discuss the consideration shown by automobile drivers in the city at this time when skidding may be expected at any time. than to talk about the things people forget to do. It is pleasant to note that most motorists, approaching another car or a crossing, take great care to have the car under control, realizing that more care than usual is required at this time when the roads are ice and snow coated. And this consideration has been shown---is constantly being shown.
 It is likewise pleasant to note the number of people engaged in shovel- ing off their walks in the evening, even after d day of hard work, and it is pleasant to remember their cheerful replies to a passing comment about the weight of the snow; the difficulty or ease with which it is removed.
 But the betterments do not come from throwing bouquets as a rule, all though bouquets. properly placed have done much to encourage people to greater efforts No progress is made without calling attention to the paths which progress should tread. And so there comes up again-and it is to be hoped for the last time--the matter Of ice and snow on the walks.
 Perhaps we may feel that the best way to bring a sunshiny day in the spring or summer is to carry an um- brela We remember well the many occasions when, lacking such an im- plement, the rain has soaked us. And so perhaps the best way to get clear sidewalks would be to predict that this is the last time walks will have to be cleared. Provide against an- other storm, in other words, as we provide against rain by carrying an umbrella, and the storm will not come IS the rain seldom comes when we start out in the morning with that umbrella in our hands. The best way to get the better Of the snow that would clog our walks is to clear the walks now. leaving no foundation for any later fall 10 make the clearing off more difficult. The number Of pco- pie haled into court. or notified to come, is appalling There have been many falls on the ice. damages for some of which will probably have to be paid by the city--the taxpayers ot the city. Let's carry an umbrella for the rest Of the winter Prepare for more snow by clearing off thewalks, and then in all probability more snow will not come.
New Britain herald., 1924-02-23
ADVICE DIsREGARDED

Editorials in newspapers all over the country have begun by the apologetic expression that it would seem to be needless to emphasize the danger that comes constantly from running automobile engines in closed garages. Nevertheless such warning have been given, only to be followed by news items telling Of deaths caused by q disrcgarding Of such advice.
 Today comes further information from the United States bureau of Mines which carries the warning even farther than those previously given. By this time every motorist should know that he endangers his own life and the lives of others if he allows his engine to run in a closed garage. But there is a danger in going other things than this The warning emphasized by the bureau of mines starts, Of course, with this statement showing the probability of serious, usually fatal re- suits, coming from this practice. But the latest warning goes farther than this.
 Never crawl under car when en- zine is running, even if car is in open air. Never sit in closed car with en- zine running, even if car is in the open air, if all the windows arc shut"
 Thus it is seen that the danger from monoxide gas, bringing fatal conse- quences. is further emphasized.
 As stated above it would seem that this repetition of the warning should be needless. Any person capable Of running a car should have sense enough to protect himself or herself from this poison, the coming Of which may not be felt or realized until it has done it's fatal work. Repeating this warning of the bureau Of mines Of the United states would appear, how ever. 10 be a duty in view of the com stantly recurring evidences of a, fail- ure to take these warnings seriously.
New Britain herald., 1924-02-23
25 Fears Ago Today s
Taken from Herald of that dat,

John P, o'Brien has entered the employ Of George Schaeffer.
 Martin Prager of Griswold street is in Greater New York on business.
 Charles Volkman of Arch street is laid up as the result of injuries re- ceiyed in a recent fall.
 Charles Nothnagle has taken out permits 10 make some alterations on his buildings on Arch street.
 Michael O'Neil has returned to town after u term of service in the United States navy. During the war MT. o'Neil was on the Dixie and saw some stirring events. One of Clark's hacks driven by ]. Sullivan oollided with carriage on Main street this morning. An inter- esting dialogue took place between the drivers of the vehicles.
 r. W. Pagan was appointed chair man of a committee to confer with Carmody council. K. of C., in an ef- fort to get the next state convention of the order for this city. s
 The faculty of the High school en- tertained the faculty Of the State Normal school last night at the High school and very pleasant function was the result.
 4 Philadelphia concern has the contract to furnish the members of Company l with a brand new set of uniforms.