davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1924-07-10
CORN ASCENDS
 TO ABOVE Sl.OO July, September And May Reach Seasons Top
 most Figure

CHICAGO, July 9.-Corn jumped over the dollar mark today for July delivery, the first time since 1920. Both September and May corn reached the topmost price yet this season. Unfavor- able weather, together with current be- lief that the government report this aft ernoon would show the corn crop con- dition to be the lowest ever known were chiefly responsible. Corn quotations closed strong, -11s to 21sc net higher ; July, $100%, and September, 96s to 97c. Wheat finished unsettled, 1h@ IFS to 11sc up, September, $1.14B O 1.1415, and December, $1.17A @1.17ss, with oats 1 to 1kc advance and ,provi- sions showing 13 to 15c gain.
 Bushes to buy corn began as soon as the market opened, and the days transactions were at virtually the tip top reached. The fact that tempera- lures were more seasonable failed to offset persistent rain, especially as ru- rai offerings were scarce, and shipping demand here good. Before the day was ended, much profit taking took place, but the buying continued to be of surprising volume to the last.
 Wheat owed it's strength largely to unfavorable crop comment from the Canadian northwest and to assertions that the domestic spring crop was in danger from black rust. Indications of good export business tended also to lift values, despite accurate forecasts that the government report as to wheat would prove bearish.
 Oats moved up as result of corn strength and good demand from ship pers.
 Decidedly enlarged buying of pro- visions was witnessed. Disparity with corn values appeared to be the princi- pal incentive.
The Birmingham age-herald., 1924-07-10
NEW oRLEANs COTTON

NEW ORLEANS, July 9.-The cotton market developed an upward trend to- day almost from the start, although prices opened unchanged from the previ- ous close in spite of a strong Liverpool, which was considerably better than due. July comparatively was neglected here, but the advance of 100 points in New York carried 1t here from an early low of 26.52c to 26.90c, or 3S points up. October, which opened unchanged from yesterdays finals at 23.36c, advanced to 23.81c, or 45 points up, while Decem- Der rallied from 23.45c to 23.6Sc, or 43 points up. The close was near the top, showing net gains for the day of 30 points on July and 3s to 42 points on new-crOp months.
 The strength of July in New York, due to the pressure of the spot situa- tion and the decreasing certified stock in that market, was sustaining fac tor here. The main cause of the days advance was the fact that the weekly weather and crop summary showed the crop had suffered more or less from the recent unreasonable cold spell and from too much rain in the Atlantic coast states. This started shorts to covering freely; and when, as the ses- sion advanced, they found contracts scarce, they; bid the market up sharply. Many traders feared the check to the progress of the crop might be the be- ginning of a period of Crop deteriora- tion, particularly as the official fore cast promised unsettled and showery weather in the western and central por- tions of the belt and colder weather again in the northwest.
 Exports for the day were large, to- taling IS, ,545 bales, including 1S,945 bales to Russia from this port.
The Birmingham age-herald., 1924-07-10
PORT MOVEMENT
ROceipts-Week, 13.2O7; season. 6.779l9l. Exports-Week. 29, ,007; season. 5.502,447.
 -INTERI0R n0VERFNT

steers, $6.5OQ7; heifers, $6@6,50; cows, $5@6;- feeders, $5.50Q6.50; stockers, $S.5O
 Hogs: Receipts, 600. Light. medium and heavy hogs, 10c higher; heavy hogs, $7.40@7.70; medium hogs, $7.20@7.60; light hogs, $6.10@6.60; pigs, $4@5; throwouts, $5@6.
 Sheep: Receipts, 2,O0O. Steady; choice spring lambs, $10@13; seconds, $5.500 $50; cull lambs, $4@5; choice fat sheep, $3.50@450; medium sheep, $2@3; cull sheep, $1 down; bucks, $2.5O down.
 EAST ST. LOUIS, H., July 9.-Hogs: Receipts, 17,0OO. Mostly 5c higher; bulk 160 pounds and up, $7.2507.45; pigs, strong to 25c higher; best killing pigs, $6.25@6.75; packer sows, mostly $6.S50 $40; few at $6.50.
 Cattle: Receipts, 5000. Native beef steers, slow; few loads were steady at S7.6009.60; Texas steers, steady at $60 no; light yearlings and heifers, 25c higher at $7.5009; beef COWS, 1Oc to 15c higher; bulk, $4@5.50; bologna bulls, steady at $4.60@5; light vealers, Soc to 75c higher at $10.5O@10.75. r
 Sheep: Receipts, 5000. Practically no early sales; best bid, $12.5o; few sheep were steady.
The Birmingham age-herald., 1924-07-10
GRAIN LETTER

CHICAGO, July S.-The wheat mar ket advanced without much resistance. Hedging pressure was lighter and crop reports from Canada are less favorable, the rains noted yesterday being insufft- cient. Letters which were received to- day from Canadian crop correspondents are less encouraging as to prospects than these same correspondents reported about 10 days ago. Commission-house buying was of fair proportion. Cash wheat was 1c higher. Basis, No. hard, $1.16A. Minneapolis reported improved flour demand, and southwest reported millers from the northwest bidding for wheat there, which is of good quality. Some export business is also reported from the gulf. The corn market was higher on all options, July and May making new highs. Cash corn is firm ly held and weather continues unfavor- able, affecting the more distant fu- lures. Cash houses offered September on the upturn, and there was scattered profit-taking by previous buyers. Cash corn was 2c higher. Trading in oats was moderate, but prices were sustained by the strength of corn. Buying was mostly by--c cash interests.-H. and B, Beer to J. F. Willingham < Co.
The Birmingham age-herald., 1924-07-10
JULY STRENGTH
 MAIN FEATURE Contracts Sell Up On Gov ering Attributed To
 Shorts

NEW YORK, July 9.-The feature in the cotton market today was the re- newed strength of July contracts which sold up rapidly in the late trading on covering attributed largely to trade shorts The price touched 29.60c, or 90 points net higher. Later months were pulled up by the July strength com bined with less favorable crop advices, October advancing to 24.66c. and clos iHg at 24.63c The final tone of the market was firm with new crop months showing net gains of 43 to 55 points.
 The market opened firm at an ad- vance of s to 35 points on relatively firm Liverpool cables and continued, complaints of excessive rainfall in Geor- gia and the Carolinas. Realizing caused more or less lrregularity, but cover ing continued and became more ac- tive after the publication of the wealth CT kureau's weekly. review, which read less favorably than expected.
 Offerings of new crop positions in- creased around the 2412c level for Oc- tober and caused moderate setbacks, but trade buying on the dips strength ened the whole market in late trading on the strength of the July position. The demand for that position was not gelieral but offerings were scarce and the price shot up several points between sales in the last half hour of busi- ness. Closing prices were only few points off from the best under realiz- ing.
 Private returns were published indi- eating that domestic mill consumption for the month of June was 360,000 bales against 413,000 for May. and 542,- 900 last year.
 Exports today were 19,545 bales, making 5,652, ,05S so far this season. Port receipts, 3,252; United States port stocks, 241, ,093.
The Birmingham age-herald., 1924-07-10
UTILITY STOCKS REACH NEW PEAK Considerable Irregularity Develops In Other Sec
 tiOns Of List

NEW YORK, July 9.-Strength and activity of the public utility is- sues, more than a dozen of which es- was the outstanding development in to- tablished new peak prices for the year, days active stock market. Elsewhere, considerable irregularity developed as a result of heavy professional selling, based on the belief that technical re- action was warranted after nearly five weeks of almost steadily rising prices. The reaction, however, did not get very far, net losses in the pivotal issues be- ing limited to fractions.
 American Water Works common was again the individual feature, jumping SIS points to a record price for all time at 111h, or more than double its price on May 31. West Penn Power, one of it's principal subsidiaries jumped nearly z points to 961s, also a record top Pronounced strength also was shown by United Railways invest ment common and preferred, buying of which was said to be for the/account of the some interests that have been ope- rating in the American Water Works issues. Other strong spots in this group included General Electric, Public Serv- ice of New Jersey, Columbia Gas, Brooklyn Union Gas and Philadelphia company, all at their best prices of the year.
 Independent strength also Was shown by number of chemical and low-pric- ed railroad shares. New 1924 high rec ords in these groups were established by the Frisco, St. Louis Southwestern and Seaboard Air Line common and preferred issues, Erie second preferred, Southern Railway, Nickel Plate, the Commercial Solvent issues, Allied Chemical preferred and Texas Gulf Sulphur. Davidson Chemical closed nearly four points higher at 521a.
 United States Steel common, Bald win and American Can all closed frac~ tionally lower. Studebaker closed un- changed at 38, after having established a new 1924 top at 3SA.
 American Smelling established new high price at 66%, despite reports of lower red metal prices. Recent strength of the copper shares, however, is based on the higher quotations for silver, large quantities of which are mined by most of the large copper companies. Speculative disappointment over the placing of Woolworth (new stock) on $3 annual basis was reflected in a two point drop in that issue.
 Call money held at 2 per cent all day. This money and commercial paper rates were unchanged in trading.
 Foreign exchange rates held rela- lively firm with trading restricted pending further developments on the reparations situation. Demand sterling ruled around $4.33A and French francs were moderately active around 5.061s.
 Stock market averagesc:
The Birmingham age-herald., 1924-07-10
BOND ADVANCES
 PARTLY CHECKED
Variety Of Railroad Is-
 sues Establish New < Highs, However

NEW YORK, July 9.--The upward movement of bond prices was partly checked today, although new record high prices were established by va- riety of railroad issues. Trading was rather colorless except for the sharp breaks in Wilson 6 Co. convertible bonds in the late dealings.
 Reports of the gradual suppression of the Sac Paulo insurrection steadied Brazilian obligations, some of which made slight recovery from the lowest levels reached on the recent decline. Actively relaxed in other sections of the foreign list, but Finland 6s dropped to new low price for the year with the offering of $12, ,O00,00O 2 per cent bonds of the Industrial Mortgage bank of that country which are guaranteed by the government. ~
 The movement of Wilson issues, in which recessions of 3 to 10 points great 1y reduced recent gains, was attributed partly to speculative operations baseds on uncertainty over the company's re- financing plan.
 New financing includes $5,000, 900 preferred stock issue of the Illinois Power & Light Corporation at $05 share, and 5000 shares of the Carolina Power & Light preferred stock at $99.5O a share. Bankers were said to be me- gotiating for . Japanese public utility loan to be offered next week.
 ERnrN NI~r.Nrnk Ax,sss., ~sxr as- z.
The Birmingham age-herald., 1924-07-10
SUGAR MARKET

NEW YORK. July 0.--The raw sugar market was featured today by q sale of 10000 bags of Cuban to local refiner at 6.09c. duty paid, representing q slight loss from yesterday. Raw sugar fu- tures broke 10 to 1e points following the easier spot market, with September off to S.30c and December to S.29c Ac- tive Cuban and local pressure continued untl near the close, when covering prices were to Il points net lower. Sales were about 22,0O0 bags. July closed 8.25c: September, s.3bc; Decena- bers S.s0c, and March, 3.14c, all bids,
 A local refiner dropped from 7c to 6.s0c today, 90 that the entire range on fine granulated ia now 6.70 @e.70c.
 Refined futures were nominal,
The Birmingham age-herald., 1924-07-10
FOREIGN EXCHANGES

NEW YORK, Jury 9.-Foreign ex- changes were irregular; quotations in cents: Great Britain, demand, $4.33%; cables, $4.34; 60-day bills on banks, S4.S1. France, demand, 5.06; cables, BOT; Italy, 4.25h@4.26; Belgium, 4.49h 04.50; Germany (per trillion-, .23H; Holland, S7.71; Norway, 1880; Sweden, 26.55; Denmark, 15.91; Switzerland, 17.91; Spain, 13.25; Greece, 1.721z; Poland, 19 5-16; Czechoslovalxia, 29S%; Jugo- slavia, 1.1s; Austria, .001aM; Rumania, .41h; Argentine S2.62; Brazil, 10.45; Tokyo, 41%; Montreal, 99A.
The Birmingham age-herald., 1924-07-10
LIVE STOCK

AAVG 64OOA
 CHICAGO, July 9.-Cattle: Receipts, 5000. Good steers, strong to 15c high ef; yearlings and better grades fat cows, 16@25c up; yearling heifers in broad demand; top matured steers, $11; bulk fed steers and yearlings, $S.50910; bulk veal calves, $11@11.50.
 Hogs: Receipts, 2s.OO0 Generally 10c higher than Tuesdays best price; 159 25c higher than yesterdays low point; closing fairly active; best weighty butchers topped at $7.50; bulk good and choice IsO to s10-pound averages, $7.8O @7.45; majority better 160 to 170 pounds, $7@7 20; bulk idesirable 140 to 150-pound kinds, $6.600690; packing sows, largely $6.4096.S0; bulk better strong-weight killing pigs, $6@6.25. Estimated hold overs, 5000.
 Sheep: Receipts, 1s,OOO. Slow; fat lambs, steady to 25c lower; spots, more; sheep, scarce and firm; bulk fat native lambs, $13.25018.T6; bulk range lambs, 1885 O@1S.76; choice fed yearling wethers, $11.50.
 KANSAS CITY, Mo, July Seattle: Receipts, 6,500; calves, 1,200. Slow; beef steers, mostly steady; bulk native fed steers, $S@9.40; beef cows, $406.25; bolognas, $4.25@4.76; calves, strong to 50c higher; practical top veals, SS.50; stockers and feeders, scarce and steady; bulk, $4.50@7.
 Hogs: Receipts, 1S,0O0. Market 5c to 10c higher; bulk, $6.95@7.2O; packing sows, $6.4096.60; stock pigs, mostly $525Q5.50.
 Sheep: Receipts, 5000. Lambs, steady to strong; top Idahos, $1s.50; best na- tives, $13.25.
 CINCINNATI, O., July 9.-Hogs: Re- eeipts, 5000. Active; mostly 15c high CT; heavy, $T.75; packers and butchers, $7.76; medium, $7Q7.4o; pigs and lights, $4@6.9O.
 Cattle: Receipts, $50. Active and steady to strong; steers, $409.60; calves, steady, $4011.
 sheep: Receipts, $50. Strong; lambs, slow, soc lower, $5914.5O.
 LOUISVILLE, Ky, July Seattle: Receipts, 200. Slow; heavy steers, $S.50 @975; beef steers, $6@S.50; heifers, S5 QS.50; feeders, $5@6.50; stockers, S306. Hogs: Receipts, 1.7OO. Steady to 10c higher; 165 pounds up, $7.50; 120 to 165 pounds, S6.2o; pigs, $5; throwouts, $5.6O down.
 Sheep: Receipts, 1000. Lower; top lambs, S12.b0913.50; ewes and wethers, ST; sheep, $5 down.
 NASHVILLE Tenn, July 9.-Cattle: Receipts, 100. Heifers and sows, Soc feweri heavy SteerDs S7.6o@e.50i beef
The Birmingham age-herald., 1924-07-10
CnTrnAr eEnr nrr.

NEW YORK, July -Comnisslon- house buying, due to the lard firmneas, with an urgent demand from gepteznber shorts. produced . sharp rise in cotton, seed oil today. Closing bids near the top for the day were n to s2 points net higher. Sales, 16,7O0 barrels. Primo crude 9.S71hc. sales; primo summer yeI- low apot, I.25c, bid. July closed 11. .Soo: Septe1nbeI 11.0scs 0ctobeEs 10 .aoc, sn6 December, 9.22c, all bids.
The Birmingham age-herald., 1924-07-10
COTTON LETTER

NEW YORK, July 9.-Slightly better fcableg, firmness in July and the weekly weather report created sufficient de- mand from shorts to put October to 24.66c. The details of the weekly were disappointing in that the report found more or less fault everywhere except Mississippi and Arkansas. It tempered beariSh sentiment considerably and there was disposition to cover, or at least go slow on the short side. The weather map was regarded as good and the forecast was a standoff. This cov- ering movement may carry prices to 26c for october and give us a trading awaiting further crop developments.- John B. Clark 6 Co.
 NEW ORLEANS, July 9.-Cotton was narrow and fairly active in the early trading Wednesday, with prices mostly a shade higher. Liverpool made a fair showing. There was less rain in the east than expected. The weekly weather and crop report was expressed by some good people to be less favorable than last week. Liverpool was 4 to points better than due shortly before the open ing. The national ginners' consumption estimate of 364,000 bales for June, as compared with 3S6,000 by Shelton, was considered bearish. It shows a falling off as compared with last June of 17S,- 900 bales, against a decline in May as compared with May last year of 107,000 bales. Dry goods reports remain about the same. Exchanges are steady. The market continues to act very short and we advise our friends to buy at fair breaks.-Levy & Aronson to S. R. Stew art,
 New Orleans, July 9.-Short sellers were upset by the weekly review, which turned out to be more unfavorable than expected; and covered rather freely. Strong Liverpool, reports of trade buy kind of weather, which the weather bu- reau says Is unfavorable, were contrib uting factors. In the late afternoon, there was a good deal of covering and some buying in expectation of another good showing by Liverpool and of un- favorable weather. A prediction of con- sumption of 364,000 bales for June vs. 413s000 bales in May, and 542,000 bales in June last year, was issued Sentiment is still bearish, but the market Is in an oversold condition and likely to rally further if the weather continues unfavorable.-Fenner & -Beane to Kahn & Virgin.
 NEW ORLEANS, July 9.-Another surprise by Liverpool this morning gives an idea what it means to sell cotton when there is a scarcity of the article. Liverpool was due IS points down on July and she was Il points up, and was due unchanged on October and was 8 points upv Spot prices were 1S pointa
The Birmingham age-herald., 1924-07-10
DRY '0O0na

NEW YORK, July s.-Cotton goods markets were steady today, with more inquiry developing in fall flannels and blankets. and in some of the domestics for the wholesale trades. Gray cloths continued about steady. Yarns showed no change. Burlsy markets were un- changed locally. Calcutta markets were slightly higher. Raw silk held firm, with spun silk being bought ahead for contract delivery. Women,s wear lines were quiet owing to the strike in the trades, but, mems wear sold moder- ately. Jobbers report . steadier filling in trade.
The Birmingham age-herald., 1924-07-10
NAVAL STORES

SAVANNAH, Ca, July s.-Tnrpen- tine, firm; 77&c. Sales, 2ss; receIpts. 670; shipments, 427; stock, I2,1E2.
 Rosin, firm. Sales, 2,12S; receipts. 1s420; shipments. S62; stock, s7,sA1. F, c, H, $4.60@z.621s; I, S4.62,k: K. n. S4623z @4.6B: N, SAYS; we, $5.65; WWx' $6.26.
The Birmingham age-herald., 1924-07-10
LIVERPnnL CnTrnN

LIVERPOOL, July 9.-Cotton, spot, fair demand; prices steady: Good nlid- ding, 17.34d; fully middling, 16.79d; middling, 16.19d; low middling, 15.34d; 1; good ordinary, 14.34d; ordinary, 1S.S4d. Sales, 5000 bales, including 3,60O Ameri- can. Receipts, none. Futures closed quiet: July, 1629d; September, 14.s9d; October, 14.33d; December, 14.01d; Janu- ary, 13.93d, and May, 18.72d.
The Birmingham age-herald., 1924-07-10
POTATO MARKET

CHICAGO, July s.-Potatoes, trading slow; market was barely steady. Re- ceipts, 90 cars; total United States ship ments, 1,05O cars. Oklahoma sacked Bliss Triumphs, $12O@21O; Virginia (barreI- cobblers, $4Q4.25.
The Birmingham age-herald., 1924-07-10
NAVAL STORES

JACKSONVILLE, Fla. July s.-Tur- pentine, firm; 7F@T7Ac. Sales, 8; re- ceipts. 1.Os2; shipments, 5; stock, 2s,sO2.
 Rosin, firm. Sales, 6,1s5; receipts, 1889; shipments, 400; stock, 111,964.
 Quote: B. $40; D, $4.45; E, F, G, $4.5O; H, I, $4.52h; K, M, $455; N, $4.75; VIC, $5.65; wv, $6.25.
The Birmingham age-herald., 1924-07-10
VEGETABLE

CHICAGO, July 9.--Cantaloupes, Geof- gia pinks, pony flats, $1.
 Peaches, Georgia Cal mans, crates, $2@2.26; bushels, $2.25@2E0; Hiley Bellies, crates, S202.25; bushels, 4202.60.
 Onions. yellow Bermudas, crates, $s.60 0S.T6.
 Strawberries, 1e-quart crates, various varieties, $101.50; brandywine, $1.75@
The Birmingham age-herald., 1924-07-10
RpnT CnTTON

NEW ORLEANS, July 9.-spot cot ton, steady, 30 points up. Sales on the spot, 266 bales; to arrive, none. Low naiddling, 25.15c; middIing, 2s.4Oc; good middling, 29.25c. Receipts, 2,292 bales; stock, 61,013 bales.
 NEW YORK, July 9.-spot cotton, steady; middling, 30.55c.
The Birmingham age-herald., 1924-07-10

Members New York Cotton Exchanges New Orleans Cotton Exchange: New Members Liverpool Cotton Ass6ciatioM. Orders solicited for the purchase and sale of Cotton and Cotton Seed oil Tor future delivery. Special consignments ee spot cotton for delivery.
The Birmingham age-herald., 1924-07-10
STOCK LETTER

SSNEw YORK, July e.-Profit-taking and technical corrections caused con- siderable irregularity in stocks; but the main body, especially rails, gave a very good account of themselves. Special ties were cratic, some going up, while others reacted. The oils were dull again at slightly lower prices. Production of gasoline is increasing, but preliminary stocks show record-breaking consump- ton. American Can, Baldwin and Steel were subjected to pressure at one time, reacttng over a point each; but toward the close they rallied enough to cancel almost all the losses. Studebaker was sold by professionals but rallied near the close. The democratic convention news had practically no effect on prices, 1t being a foregone conclusion before the close that J. W. Davis would be nominated q. W. Davis was nominated hfter the close-.-Fenner & Beane to Kahn & Virgin.
The Birmingham age-herald., 1924-07-10
MlanrIIAnrnua nIIa

up and sales were 5000 bales. The news yesterday from India of a favor able turn in the monsoon, which always means increased trade in that large country of nearly 400,O00,000 people, partly accounts for the strength In the English market; and then Manches- ter has for some time shown eagerness to broaden out and to start an active campaign of competition for world 70. plenishment of demand for goods. The weekly weather report was mixed. Al though bullish as a whole, h showed reaction to cool weather and checked growth of cotton progress. Although fair in some sections. the Atlantics had too much rain, and fruiting was less showed more weevil activity in the eastern portion of the belt, with rains retarding effective poisoning. On the whole, the market showed good strength and showed more activity in the fore noon than for some time.-H. and B. Beer to J. F. Willingham & Co.
 NEW YORK, July 9.-Llverpool again showed signs of some strength this morning, with a result that the market was better than expected. We im- proved in sympathy with the European market and have been fairly strong at slightly higher prices during the greater part of the day as a result of the in- creased reports of the presence of the boil weevil, especially in the eastern belt, where they have 50 far done no damage. It should be remembered that this was the case last year when the first reports indicated that the boil weevil were quite prevalent but were doing no harm. This, however, de- veloped in the last weeks of July and the first weeks of August in a most serious damage, because 1t Is these boil weevil which lay the eggs for the weevil which appear in August. The market acts technically short and a further recovery in prices would not be at all unexpected. Liverpool futures are due tomorrow: October, 14.62d, and December, 14.22d.-Hubbard Bros. & Co.