davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1924-10-23
HIGHER GROUND
 MADE BY BONDS
Market Responds To Gen. eral Revival Of Buy
 ing Interest

NEW YORK, Oct. 22.-Bond prices to- day worked into higher ground under the leadership of the railroad issues which responded to general revival of buying interest. Influenced partly by the favorable earnings shown in the first of September reports published and by the rise in railroad shares, wide variety of liens scored gains of I to 8 points.
 man bonds also developed today follow ing the establishment of a high premium in the London market. On an expanded volume of trading the price of the is- sue snapped back to 94k. @ Sg
 An unusual feature of the trading fin the railroad list was the brisk demand, for obligations of two carriers confront, ed with large refunding programs-the St. Paul and New Haven railroads. Gains by nine of the new Haven is- sues ranged from 1 to 3 points, the SIS of 1947 achieving a new 1924 high price at 66. Active liens of the St. Paul railway were from l to points higher.
 Buying of other rail mortgages was particularly active in the issues In roads such as Burlington general 4s, Frisco adjustment 6s, Denver and Rio Grande refunding 5s and Chicago and Tcrre Haute income 5s, as~well as New York Central general 6s and Western Mary land 4s.
 Public offering will be made tomor- row of s15,0o0 Cuban Dominican Sugar company 20-year 7h per cent bonds at 97h at yield about 7.75 per cent. The latest prospective foreign borrowers were said to be the governments of Czcchoslivakia aud Jugoslavia, the first of which is expected to float a loan of $50, 100000 to $50, 100000.
 Rnnd market nvarnOas.
The Birmingham age-herald., 1924-10-23
COTTON LOSES
 EARLY GAINS UndertOne Remains Firm, However, And Close
 Is Higher

NEW YORK, Oct 22.--An opening advance was not fully maintained in the cotton market today, but the under tone was generally steady and the close was steady at net advances of 10 to 17 points. After selling early at 2S.15c, December reacted to 22.9oc and closed at 22.9Sc. ," ..-
 The market opened firm at an ad- vance of 20 to 31 points on relatively firm Liverpool cables and reports of lower temperatures in the south. Trad ing was quite active for the first half hour, but orders seemed to be pretty well divided at the higher prices and after selling at 240Sc for october and 23,1sc for January the market sagged off from the best under realizing.
 A private crop report estimating the condition at 55.s and the indicated yield at 12,40O, ,000 bales, with an allowance of 4 per cent for abandonment of acre age, or at 12,900,000 on the acreage planted, had little apparent effect on the market. Another priv. te report gave no condition figure, but estimated the yield at 12,400,000 bales. If any thing, there was a tendency to scale down ideas as to the probable showing of the government report next Satur-
 
 ket in connection with the low tempera- lures reported in the eastern belt sec tions, but the weekly report of the weather bureau made a favorable show ing and the outlook was said to be for warmer weather in the south to- morrow. Traders found the days news more or less conflicting and after the first half hour business was compara- lively quiet. A little hedge selling and liquidation by early buyers was noted on the reaction which carried October off to 23s2c and January to 23.00c, but offerings were light and the close was 8 or g points up from the lowest.
 Private cables reported a good under tone in Liverpool owning to encourag- ing trade prospects, reduced crop esti mates and spinners calling.
 Exports today, 10,233, making 1,563,- S59 so far this season. Port receipts, 60,s4s. United States port stocks, l. 013, ,432.
 NEW YORK COTTON
 NEW YORK. Oct. 22.-Cotton futures closed steady.
The Birmingham age-herald., 1924-10-23
DOMESTIC BONDS
COFFEE FUTURES

NEW YORK, Oct. 22.-Yesterday's reactions were followed by advances in coffee futures which carried today's market into new high ground for the season, March selling up to 1S.60c, or 40 points net higher. The advance was accomplished by reports that while the federal government of Brazil had re- linquished control of receipts, the move ment to Santos would be regulated by the Sac Paulo government and that the federal government would continue to support exchange rates. The general market opened at an advance of IS to 30 points and closed S3 to 40 points net higher. Sales were estimated at 45,000 Closing quotations: October, 1965c; De- cember, 19.05c; March, 1s.e0c; May, 18.10c; July. 17.65c; September, 171Sc.
 Spot coffee firm; Rio Is, 20hc; San- tos As, 25 to 26. Part Bourbon ss and 5s were offered at 2s.75c to 24.5Oc cost and freight.
 ~ Rio exchange on London 3-16 pence higher; dollar buying rate 320 reis low CT; Rio market 425 to 625 reis higher; Santos HOO to 1900 higher. Brazilian port receipts, 5000; Jundiahy, nil.
The Birmingham age-herald., 1924-10-23
WHEAT VALUES
 POINT UPWARD
Advance Influenced By Exports And Complaints
 Of Argentine Drought

CHICAGO, Oct. 22-Influenced by ac- tivity of export demand, together with increasing complaints of drought in Ar gentina, the wheat market here tended upward in price most of the time to- day. Closing quotations for wheat, al- though unsettled, showed M to Hc gain; December, S1.471s @1.47A; May, $1.51h @ 1.51%; corn finished at x to %c; oats, h to hc off, and provisions varying from 32c setback to a rise of 22c.
 It was estimated that new export bus mess in wheat today amounted to l. 500, 900 bushels. Besides the market dur ing the early dealings was affected by knowledge that yesterdays purcnases for Europe had turned out to be much larger than most traders had supposed. Higher quotations at Liverpool tended further to strengthen the market here, and especially so in view of advices that more rain was urgently needed in Argentina. Also word was received that the Argentina exportable surplus had been reduced 13'ooo,Ooo to zO,OoV,oov bushels below the estimates current Of late.
 Higher premiums for cash wheat at Minneapolis and Duluth gave addition al encouragement to traders on the buy ing side of the Chicago market. In this connection it was generally accept ed view that the main factor in cash wheat weakness of late had been that the grain was coming forward at more rapid rate than circumstances ap- peared to warrant. Favorable condi- lions for the crop movement in Cam ada were more or less offset by fur ther reports of poor grading.
 Excessive marketing of livestock was largely responsible for the weakness of corn and oats values. In addition, fine weather continued and farm reserves of corn were unofficially figured at 4O,O0o- GOO bushels more than was the case a year ago.
 In line with the hog market provi' sions averaged lower.
The Birmingham age-herald., 1924-10-23
NEW ORLEANS COTTON

NEW ORLEANS, Oct. 22.-The cot ton market today was a narrow affair and prices fluctuated frequently but within a moderate range, the spread being barely above 20 points. While October, which is nearing final liquida- tion, closed 16 points net higher, the other active months made net gains for the day of only 10 points.
 At the start as Liverpool cables were better than due and the weather map showed light frosts over the whole northern half of the belt the market opened higher and soon traded IS to 20 points above the previous close. As the weekly weather report had been highly. favorable and a Memphis au- thority gave out an estimate of totalling ginnings to October IS of 7,513, 900 bales, prices eased off, the decline being ac- tolerated by good hedge selling. The market rallied slightly in the late trad ing on reports of good rains in Texas and fears of cold speel. The close was at net gains of 8 to 16 points.
 Although the frost shown by the map while covering a wide area was light, the market was seriously impressed by official prediction of frost for tonight for all the states but Florida and Texas The weekly weather and cold summary was by far the most favorable issued this season, but it's influence was lost through fears of probable cold weather.
 Exports for the day totalled 10,233 bales of which Houston shipped s,S44 bales.
The Birmingham age-herald., 1924-10-23
aRAIM ANp PRoVIsIoNs
CASH GRAIN

CASH GRAIN
 TOLEDO, Oct. 22.-Clover seed, $lS.zo' October, $1s.5O; December and Feb Aisike, old, $12.5O; new. $12so. Timothy seed, cash and October $S; December, $3.15.
 CHICAGO, Oct. 22-wheat: No. ? red, s1.53h @1.54A; No. hard' $1.4S% Q1.45h. n yellow, $108% @1.09A.
 Oats: No. white, 50A 051%c; NO. 5 w4ise' Rye: 4SS No. e4s4'si 7, 'si.2sM01.2s.
 Barley, s9@94c. Timothy seed, $4.75Q6.50. Clover seed, $1SQ29.
 Lard, $1e.75; ribs, $1S.5o; bellies, $15. KANSAS CITY, Oct. 22.-wheat: No. 2 hard, $1.s6%1.39; No. 2 red, $1.5oQ1.5S. Corn: No. yellow, $1.OS; No. mixed, $1.o1.
 Oats: No. white. 5o#q,f e. ST. LOUIS, Oct. 22.-Cash wheat: No. 9 red, $1.59Q1.61; No. red, $1.52@1.5S. Corn: No. 2 white, $1.os; No. 2 yell Close: Wheat. December, $1.45%; May, $1.49%.
 Corn: December, S1.O6K; May, $1,os. Oats: December, 52c; May, 56Ac. NEW YORK, Oct. 22.-Rye easy; No. 2 western, $1.391a f. O. b. New York and $1.37h c. 1. f. export.
 Barley easy; malting, $1.o691.Os c. |. f.
 Other articles unchanged.
The Birmingham age-herald., 1924-10-23
STOCK LETTERS

NEW YORK, Oct. 22.-After brisk up-swing during the first two hours oi today's session, the market deVelopeo reactionary tendencies as a result oi profit taking in the late afternoon he- cession of from 1 to points LOOK place in leading industrlals' aIhousn most of the rails under the leadership of Frisco common retained most or their advances. The sugar shares were subjected to special pressure, American Sugar breaking into new low ground for the year at 381a, while Cuban cane preferred showed a loss at the close or i% points at 55%. Bethlehem Steel was one of the weakest stocks in the entire list and touched a new low figure for the year below 3S in anticipation of an unfaVorable statement for the Sep tember quarter to be issued tomorrow. The latest Literary Digest polls showed further gains for Coolidge. The Iron Age in it's weekly review was only mildly optimistic, since 1t would appear that the trade Is in a general way marking time pending the result Of the election. An announcement to the ef- feet that Marland oil was forming new crude oil purchasing subsidiary company, a new high price for the year for crude rubber at 331ac pound and a renewal of interest in the better grade of oil stocks were the outstanding items of interest during the day. Clos ing prices for Piper, General Electric and a number of other leading issues managed to close at figures slightly above the final quotations of yesterday Fenner & Beane to Kahn Virgin.
 NEW YORK, Oct. 22.-The process of discounting the election gathered head way today. Not only this, there was a confident feeling regarding MT. Coolidge succeeding himself but there Is grow ing belief that the completion of the next Congress will be a body developed to the interests of the country as a whole. We witnessed today a return of public interest in the market. This was not confined to any particular group but was widespread. We believe a bull market has started with foun- dalton of enduring qualities.-John F. Clark & Co.
The Birmingham age-herald., 1924-10-23
RAILS CONTINUE
 TO LEAD IN RISE
 IN. STOCK MART
Marked Strength Shown By Industrials And
 Public Utilities

NEW YORK, Oct. 22.-Stock prices made further recovery in today's active market, despite the renewed weakness of Bethlehem Steel and the sugar shares. Rails continued to lead the advance, although marked strength was also shown by a number of industrials and public utilities. Total sales crossed the million share mark for the first time since Tuesday.
 Bethlehem Steel opened at 40R, broke to a new years low at 37A and then rallied to 38h, off 1% on the day. Re cent liquidation of this issue has been based on forecasts of a poor quarterly report due tomorrow. Republic Steel duplicated its low of 42. United States Steel continued to show resistance to selling pressure, closing B higher at 107A. The weekly steel trade reviews again reported a conservative attitude ! on the part of buyers.
 Buying of the rails was influenced by the increase in net earnings shown in the first few September statements to be published, and by the merger and dividend possibilities of some of the low priced carriers. New 1924 peak prices in this group were established by Frfs- co common, Colorado and Southern Chicago, Great Western preferred, Rut- land preferred and Pittsburg and West Virginia preferred.
 Another interesting development in the rail group was the strength shown by New Haven, which closed 2A points higher at 23%. St. Paul preferred cross- ed 21 and then fell back to 20A, up A on the day. Other active rails to show net gains of point or more were Erie common, Northern Pacific, Union Pa cific, Kansas City Southern and Pere Marquette.
 The demand for public utilities cen tered in such issues as Brooklyn-Man afriN can Waterworks and Public Service cor poration of New Jersey, up l to points.
 Sears, Roebuck, which enjoyed brisk advance yesterday, fell back nearly points on profit taking, but good buy ing persisted in other merchandising issues, notably H. R. Mallinson, Julius Kayser, Kinney and company common and preferred, Kresge Department Stores and Cluett-Peabody, up l to 23 points. American Sugar Refining broke 3h points to a new low at 37% in the final hour New bottom prices also were established by Cuba Cane com mon. American Beet Sugar preferred, Great Western Sugar and Punta Alegre Sugar.
 Urgent short covering in American Can sent that issue up to 132% but it reacted later to 131A, where 1t was up 1A on the day. Other conspicuous strong spots were Fisk Rubber first preferred, Nash Motors and Fisher Body.
 Call money appears to be temporarily at 2 per cent, which rate has been maintained all week. Time money and commercial paper rates were unchanged with business quiet.
 Foreign exchange rates displayed moderate strength. Sterling was in de- mand by banking interests, ruling about a cent higher around $4.50h. French fracs were quoted just below 5K cents. Danish Kroner advanced 12 points to 1727 cents. Other exchanges were largely nominal.
The Birmingham age-herald., 1924-10-23
DRY GOODS

NEW YORK, Oct. 22.-Cotton goods showed a firmer tone in ti.e gray goods division today with buying still con- tinuing of moderate character. Yarns were bought in small lots, spinners and buyers being inclined to await the next cotton report before making any large commitments.
 Local burlaps markets were firmer on reports of advances in Calcutta, while wool goods were firm or advancing, jobbers say the volume of business they are doing is light. New silk prints are being shown and are attracting wide attention among buyers. Crepes con- tinue to show strength for spring.
The Birmingham age-herald., 1924-10-23
ropE1c% EXCHANGES

NEW YORK, Oct. 22.-Foreign ex- changes. firm; quotations in cents: Great Britain demand, $4.50; cables, S4.6OK: 6O-day bills on banks, $4.47%; !; France. 5.23h; cables, 5.24; Italy. 4.34% and 4,35N; Belgium, 4.soh and 4.s1; Germany (per trillion), 2a%; Holland, 1884; .orway, 1432; Sweden, 26.6o; Denmark, 17.27 Switzerland 1924; Spain, 13.43; Greece, 1.73h; Poland 1874; Czechoslovakia, 2.9s; Jugoslavia' 1.45h; Austria, .0014B; Rumanla, 'o1 ; BRA; Montreal, 100.
The Birmingham age-herald., 1924-10-23

NEW YORK, Oct. 22-Steady accum- ulation of oil, shares several of which touched new high prices on the current movement, featured today's irregular higher curb market. Recent buying or the petroleum issues has been based on the steady decrease in crude production and the increases in gasoline production and oil exports. Net gains of point or were established by Imperial Of Canada, Prairie Oil and Gas, Cities Service common and Standard Oils of Indiana and New York. Standard oil of Nebraska jumped more than 10 points on a few odd lot sales.
The Birmingham age-herald., 1924-10-23
COTTON SEED OIL

NEW YORK, Oct 22.-The cotton seed oil market was quiet today with near months firm on strength in the cash position, while late months were slightly easier with lard. There were tenders of HOO barrels on October contracts. The close was Il points higher to net lower. Sales, 10,900 barrels. Prime crude, $9.00@9.15M; prime summer yellow, spot and October, $11.30; De- cember, $10.66; March, $10.s7;' May,
The Birmingham age-herald., 1924-10-23
al sales. s1e,1ss. 900.
SuGAR N1ARKET

NEW YORK, Oct. 22.-No changes oc- currod in the raw sugar market today, spot prices continuing at 6.03c duty paid, butt there seems to be steady buying interest at this level and ad- ditional sales of 10000 bags of San Domingo was reported for late October shipment.
 Raw sugar futures opened g. points higher to lower but sagged off under house selling final prices being 1 to 9 points lower. December closed 3.s6c; March, S.16c; May, 3.23c; July, 3.33c. Transactions in refined sugar con tinued on a hand to mouth basis but prices were steadily held at former levels ranging from 7.15c to 7.5Oc for fine granulated."
 Refined futures were nominal.
 STEEL MARKET
 NEW YORK, Oct. 22.-SteeI prices unchanged. 5E
The Birmingham age-herald., 1924-10-23
FOREIeN BONDS
POULTRY AND PRODUCE
KANSAS CITY, Oct. 22.-Produce u changed.

KANSAS CITY, Oct. 22.-Produce un- changed.
 CHICAGO, Oct. 22.-Poultry alive un- changed.
 Butter unsettled; creamery extras, S61ac; standards, 381ac; extra firsts, 34 @35hc; firsts, 3OQS1c; seconds, 27@ 2S1sc
 Eggs higher; receipts. S,s16 cases; firsts, 39045c; ordinary firsts, S5QS7c.
 NEW YORK, Oct. 22.-Live poultry irregular; chickens, by freight, 20922c; by express, 23c. Fowls, by freight, 20 626c; roosters, by freight, 15c; turkeys, by freight, 32c.
 Dressed poultry steady; turkeys, 30 @4sc.
 Butter firm; receipts, 1o,ss2 pounds. Creamery higher than extras, SsQSS1sci creamery extras (92 score), 37A @S71sc.
 Eggs irregular; receipts; 12,s13 cases. Nearby and nearby western hennery whites, firsts to average extras, 60QS0c; Pacific coast whites, extras, 7h Qs0c; do, firsts to extra firsts, 60@75c; re- frigerator extra firsts, 39h Q40c; do, firsts, 38Q39c.
 Cbeese irregular; receipts. 1O5,135 pounds.
 ST. LOUIS, Oct. 22.-Eggs, 51c; geese. 41c; ducks, 21c; other quotations unchanged.
The Birmingham age-herald., 1924-10-23
PnrATn MARKEr

CHICAGO, Oct. 22.-Potatoes, early trading slow; market steady; receipts, IT cars; total United States shipments, 1,17S; Minnesota and North Dakoa sacked Red River OhiOs, 90c@$1.05; South Dakota sacked early Ohios, 85 q95c: bulk. 75@S5c; bulk round whites, 70@85c; Minnesota and Wisconsin sack ed>~ round whites, 70@S5c; Wisconsin bulk round whites, 75Q90c; few fancy higher; Idaho sacked rurals, $1.50.
The Birmingham age-herald., 1924-10-23
LIVERPOOL COTTON

LIVERPOOL, Oct. 22.-Cotton: Spot quiet; prices steady; strictly good mid ding, 14.40d; good middling, 14.O5d; i; strictly middling, 13.S5d; middling, 13.65d; strictly low middling, 13.45d; low middling, 1295d; strictly good ordinary, 12.55d; good ordinary, 11.95d; Sales, D. 900 bales, including 5000 American. Re- ceipts, 44,000 bales, including 42,300 American. Futures closed quiet but steady. October, 1S.2Sd; December, 13.16d; January, 1S.19d; March, 13.23d ; May, 13.24d; July, 13.11d.
The Birmingham age-herald., 1924-10-23
VEGETABLES

CHICAGO, Oct. 22.-Sweet potatoes, Virginia barrels, $3.5003.75; Tennessee, hampers, $1.50@1.65.
 Peppers: Tennessee hampers, green, $1.Oo@1.25; red, $1.75Q2OO;' Georgia bushels, $2.00Q2.25.
 Peas: Mlssissippt1hampers, $2,75@3.00. Cucumbers, Florida crates, $4.75@5.00. Egg plant: Florida crates, $3.00Q3.50.
The Birmingham age-herald., 1924-10-23
MroNEY MARKET

NEW YORK, oct. 22.-Call money steady; high. 2; low, 2; ruling rate 2; closing bid, 2; offered at PA; last loan, 2; call loans against acceptances, 4S So lime loans steady; mixed collateral 6O- 90 days, 2k@3; 4-6 months, 3A Q3s; prime commercial paper, 3@3A.
The Birmingham age-herald., 1924-10-23
COTTON LETTERS

NEW ORLEANS, Oct. 23.-Washing- ton weekly weather report released this morning was very favorable for the en- tire belt, but the appearance of light frost at points in Tennessee and North Carolina and official prediction for frost tonight in all cotton states except Florida and Texas, served to sustain the market. Returns to Giles averaged condition 55,9, crop, 12,400000 and a prominent local spot house estimated condition 53.5, crop IF, 100000. Referring to reported increase of 22 per cent in operation of English spindles effective November 8, as announced yesterday, Manchester press advices say the step was taken upon complaints by manu- facturers of slowness of deliveries, and that the change is taken as proof that trade is improving. Friday will be the last October notice day in New York when heavy tenders are expected, but it is said that large spot interests there are prepared to take care of all cotton that may be rendered. The certificated stock at New York October 15 was 3D. 900; probably larger today. On Satur- day next the government will report on condition of the crop as of October IS and on ginnings up to same date. The report will be issued at 10 a. m., New Orleans time. On October 8 the government report as of October aver aged the condition 53,5, yield, 12,499, 900, of which 4,526,000 were ginned to the close of September. Ginnings of at ported as having been ginned to Oc- tober and if the government forecasts yield of 12,60O,000 or more the mar ket will likely decline; advance if 12,- 400, 900 or lesS.-H. 6 B. Beer to J. F. WilIingham & Go.
The Birmingham age-herald., 1924-10-23
METAL MARKET

NEW YORK, Oct. 22.-Copper steady; electrolytic, spot and futures, 1SAc; tin firm, spot and futures, $51.62; iron steady and unchanged; lead firm; spot spot. S6.4o; futures, $6.4O96.45; anti Ynonv snot Sl1 75.
The Birmingham age-herald., 1924-10-23
InNnoN MONEY

LONDON, Oct. 22.-Bar silver, S5 6-16 pence per ounce; money, 3% per cent; discount rates, short bills, S4s per cent; three months bills, 1916 per cent.
The Birmingham age-herald., 1924-10-23
SPOT COTTON

NEW ORLEANS, Oct. 22.-spot cot ton closed steady, 10 points up; sales, 501; to arrive. 910; low middling, 2O9Oc; middling, 22.90c; good middling, 23.40c; receipts, 17,100; stock, 235,248.
 NEW YORK, Oct. 22.-Cotton: Spot steady; middling, 24.20c.
The Birmingham age-herald., 1924-10-23

over the belt for the week making con- dition for picking and ginning and the maturing of a top crop. Moth Carolina was reported to have improved some what, although opening slowly. Man chester cabled Big cotton mills here now running full time" Exports for the day 10,233 against 21, 1,S17 last year. Levy & Aronson to s. R. Stewart.
The Birmingham age-herald., 1924-10-23
FIAY MARKET

DULUTH, Minn., Oct. 22.-Close flax: october, $2.4sH; November, s2.4s%; De- cember. S2.451A; May. $2.49A.
The Birmingham age-herald., 1924-10-23
NEW YORK STOCKS

NEW YORK. Oct 22.-Following are today's sales. high. low and closing prices of stocks listed on the New York Stock Exchange:
The Birmingham age-herald., 1924-10-23

When quick results are imperative Age-Herald want ads never fail.
The Birmingham age-herald., 1924-10-23

NEW ORLEANS COTTON NEW ORLEANS. Oct. 22-Cotton futures closed steady at net advance of 3 to l6 points
The Birmingham age-herald., 1924-10-23
NEW YORK CURB
INDuST TRIALS

NEW YORK Oct 22.-Followng is the official list of transactions the New York Curb Exchange. giving all stocks and bonds traded in:
The Birmingham age-herald., 1924-10-23
NEW YORK BONDS

NEW YORK, Oct. 22--Following are today's high low and closing prices of bonds on the New York Stock Exchange. and the total sales Of each UNITED STATES BONDS