davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1924-02-20
COTTON LETTERS

NEW ORLEANS, La. Feb. 19.-Col- lapse of the French francs, rumors of more disclosures to come at Washing ton and reports of increasing curtail- ment among southern mills, furnished the incentive for more selling when trading was resumed this morning and values slipped 5e points for May dur ing the first hour. This decline seemed to stimulate outside buying on the the ory that the decline had discounted all known .unfayorable influences. Later on, reports that big operator in Flor ida was covering and large spot sales here induced good deal of scattered covering. The result of this combined buying was 100 point rally in the old crop months and a good closing. The new crops, on the other hand, held rel atively steady, selling off only IS points on the early break and raliying S6 points on the bulge.-Fenner & Beane to Kahn & Virgin.
The Birmingham age-herald., 1924-02-20
MOVEMENT DOWN
 IN BOND MARKET
Influence Of Japanese Bonds And Tax Bill
 Blamed

NEW YORK, Feb. 1s-Bond prices drifted irregularly lower in a dull trad ing session marked by the absence of general public participation. Reac- tionary tendencies developed in the United States government issues, which apparently were being sold in "swtch- ing" operations to high-grade invest ment mortgages. Public utility bonds gained as a result, many issues nov ing counter to the general market trend.
 The hesitancy of prices was attributed to the influence of the Japanese loan as we'll as uncertainty over the out come of the tax-reduction bill. The more cheerful tone in the stock mar ket, however, was feflected to some ex- tent in the late dealings, where there was partial recovery from earlier quotations.
 French government bonds were firm on the receipt of cable advices indicat- ing that a reparations settlement might be made on the basis of a 10000 ,0OO gold mark mortgage on German rail- roads and other sources of revenue. Interest on Frances portion of the bonds would amount to about 312, ,000,- 900 gold marks yearly. Belgian govern ment Issues, however, weakened on the fall in exchange rates.
 New financing continues in decreased volume. Early offering of $3,OOO ,00O Eastern New Jersey Power 25-year 6s at about 95 is expected, and reports were circulated that the Pierce Oil company soon would sell an issue of first mortgages of bonds with a possi- ble issue of debentures later.
 Total bond sales (par value), $s,943,- 900.
 Ten first-grade rails averaged s5.67; net loss, .06.
 Ten secondary rails averaged s3.67; net loss, .09.
 Ten public utilities averaged s6.43; net gain, .02. Ten industrials averaged ss72; net loss, .16.
 Combined average. s7.3S; net loss, .10
The Birmingham age-herald., 1924-02-20

that he is bound by the democratic cau-' GUS, and 1t Is hoped that others will follow suit. We must express our grat- tfication that the varfous attempts at compromising on high surtax seems to have fallen through, and that 1t now looks as if the issue would be the Mel Ion bill or nothing. for any compromise with high surtax would nuliify the whole intent of the proposed law, as 1t would give the incentive for investment in tax exempt securities, which is com- mencing to be so harmful to the coun- try. The market has acted much better today and is closing at quite a fair rally.
 Sales, 1,oS3 ,6oo.-Post & Flagg to shannon & Co.
The Birmingham age-herald., 1924-02-20
Shipping ActiUities
 Of ALaban,a Seaport

MOBILE, Ala, Feb. 19.-(Special Leased Wire)-The movement of steel rails through Mobile, an important ad- junct to the port and always a large item when export figures are cast up, was given added impetus Tuesday with the departure of the motorship Steel Motor with 2O00 tons of rails to Hous- ton. Norton, Lilly & Co.,, agents for the vessel, announce that the movement will continue. This was the third cargo or rails to pass to Houston aboard the Steel Motor and her sister ship, the Steel Vender. The rails are loaded from barges direct into the ship, which lies above Pier 8, in the stream, thus saving wharfage.
 The east coast of South America will receive Mobile cargo with the arrival of the Norwegian steamer Hendrix Lund, which sailed during the after noon for Montevido and Buenos Aires. The vessel was handled here by Van Heynigen Brokerage company and load ed about a million feet of pitchpine lumber.
 An arrival of the day was the tanker Solitaire, from Port Arthur to the was discharged at the Texas oil dock.
 The German steamer Einfeld, at the coal tipple operated by the Louisville and Nashville railroad. will shift back to Mobile and Ohio pier No. to fin ish discharging kainit. The Enfield is loading coal and coke for Rotterdam and Hamburg, and, after discharging, will proceed Friday to New Orleans to discharge a portion of her cargo for that port. The Norwegian bark Alex andra, which was laid up here for two or three years and which has been loading at the Turner terminals, cleared at the customs house yesterday and will probably sail during the next day or two. The Alexandra cleared for Birkenhead, England, declaring about $50, GOO feet of pitchpine. She is be- ing handled by J. B. Oliver & Co.
 The British schooner Durpee L. Tucker (Van Heynigen Brokerage com pany) is due most any day from Cuba, where she took a lumber cargo.
The Birmingham age-herald., 1924-02-20
PORT MOVEMENT

New orleans-Middlin, s1c; receipts, 3,973; exports, 6.05s; sales, 4.630; stock. 1s1, ,263.
 Galveston-MiddIing, Sic; receipts, S,236; sales, 1,724; stock, 255, ,49S. Mobile-Middiing, So.25c; receipts, 2; stock, 9,646.
 savannah-Middling, so.52c; receipts, 1,1s4; sales, 746; stock, 72,306. Charleston--Receipts, 236; stock, 3a, Oil. Wilmington-Middlin 31c;, receipts, 76; sales, 406; stock, 1885. 1 Texas City-Stock, 69. | Norfolk-Middling, 31c; receipts, 1 1,34S; sales, 406; stock, 4,9s0. | Baltimore-Stock, 2,160.
 Boston-Middling, 3o.40c; receipts, 291; {; stock, 6,300.
 Philadelphia-Middling. s1.o5c; stock. 3,S51.
 New tYork-Middling. sO.soc; stock. 165, 1852.
 Minor ports-Receipts, sss; exports, 369; stock, 3,25O.
 Houston port-Receipts, 2.474; exports. PAT.
 Total today-Receipts, 1s,16s; exports, S901; stock, S41, ,941.
 Total for week-Receipts. ss,s77; ex- 1 ports, 64, ,101.
 Total for season-Receipts. 5,71o, o,1s4; exports. 4,O74.ss1. | INTERIOR MOVEMENT l Houston-Middling, S0.S5c; receipts, 7511; shipments, 7,422; sales, 903; stock, | 25S, S,03S.
 Memphis-Middling. 31.75c; receipts 4.447; shipments. 5.311; sales, 800; stock, 110,259.
 Augusta-Middling. so.5oc; receipts 261; shipments, S55; sales, 172; stock, l g ,933.
 St. Louis-Middling, 31.5oc; receipts, 1.456; shipments, 1.306; stock, 6,200. | Atlanta--Middlipg, 81c.
 Little Rock-Middling, so.75c: receipts, 86; shipments, 622; sales. 255; stock, 27,549.
 Dalias-Middling, 2o.35c; sales, so4. l Montgomery-Middling, 30.63c. l Total today-Receipts, 13,761; ship- ments. 14,916; stock, 489,979.
The Birmingham age-herald., 1924-02-20
POTATO MARKET

CHICAGO, Feb. 19.-Potatoes: Trad ing fair, market steady; receipts, 70
 cars; total United States shipments,
 SIP; Wisconsin sacked round whites.
 $1.2541.45; bulk, S1.40@L60; occasional ] car bulk dusties, $1.70
The Birmingham age-herald., 1924-02-20
COTTON SEED OIL

NEW YORK, Feb. 1S.-Active cover ing of shorts on bullish consumption figures for January and higher lard
 advanced cotton seed oil g to 35 points. Offerings increased on the bulge, how ever, and at the close net gains were IS to 27 points. Crude markets were firm. Slow cash trade and cheaper of- ferings of compound attracted atten- tion. Sales, 29.500 barrels. Price crude, $8.62h bid; prime summer yellow, Ss 95:
The Birmingham age-herald., 1924-02-20
STOCK LETTERS

NEW YORK, Feb. 1s.-Slight im- provement in prices marked the early dealings, followed by sluggishness and small reactions in some departments. There was a general tendency to await developments as further attacks on val ues were momentarily expected. As the session progressed and no great pres sure was exerted against the general market, prices commenced to advance. The rails which had shown signs of under aggressive buying in Southern Railway rally of. considerable propor- tions was brought about. Chesapeake and, Ohio, which had sold down below 70, rallied to 71h.
 Bankers in the financial district be- lieve our federal reserve rediscount rate will be reduced in the near future and that fundamental and financial condi- tions really justify a lower rate.-Fen- ner G Beane to Kahn & Virgin.
 NEW YORK, Feb. 1s.-In spite of early weakness, due, among other things, to forced liquidation from un- margined accounts, the market today for the first time showed good under tone. Price fixing by mills, together with the covering of some very large short lines, caused quotations to ad- vance about half a cent from the open ing. The trade picked up quite a little cotton in the morning on the better foreign goods news and sentiment on the floor was far more cheerful than heretofore. That recovery in the mar ket Is due can scarcely be doubted, but 1t Is still a question whether the large short lines are yet ready to be covered, for unless buying comes in from spec uiative sources 1t Is doubtful if the trade will follow these advances far, and until the domestic goods markets recover permanently, higher prices are not expected.-Po & F1agg to shannon G Co.
 NEW YORK, Feb. 19-The market is following developments at Washington very closely, and as reports from there seem to indicate that the Mellon bill Is not dead by any means. prices have irn- proved, especially in the late dealings It is hard to tell exactly how the tax bill will go through the House and Senate, but there is considerable en- couragement expressed by the fact that Congressman Browne of New Jersey has announced that he does not feel
The Birmingham age-herald., 1924-02-20

March closed $1o.11; May, 1o.4s; July 10.77. all bid.
The Birmingham age-herald., 1924-02-20
BUTTER MARKET

FICAGp. Feb. 1s.-The butter mar
 here ruled steady at unchanged Es today. The firmness. and demand medium grades loaned strength to grades in face of lack of active hnd for the latter. Although in quarters premiums were paid for
 of fine butter, sizeable quantities available at state prices at the e car market showed no material |oveynent, with the possible excep- |of B9-score cars. which were readily (bN at 48c. Ninety-score cars were at flat 4eN with out-takers. f butter score, 4S1sc; 90 score, 8 score. 4sa SS score, 471sc; S7 '7c; ss score. t61kc. Centralized
 'ta; 90 scof 49c, ss score, 4sc. HORSE AND MULES
 T ST. LOUIS, H., Feb. 19.- and mules active; prices steady as uotattons unchanged.
 Did you ever figure that . AA per es.-t is 100 per cent more 1.s Ii than pAr cent and 50 per FU .ya matter where Hsa you ''hss i've 'ou can get 6 per- cent on tyjngS Write today for It,. 4Y SWINGS AND LOAN co.
 Ass sets. s$ 1881, ,775.69
 :. DIXON, Pres. Birmingham, Ala.
The Birmingham age-herald., 1924-02-20
Visit the Palace
 of Progress
Louisville
 ~~ AR


 February 2S to March 8 A Merchants and Manu- lecturers Exposition of in- dustrial and commercial progress, displaying an as- sortment of exhibits so varied as to touch every phase of social and com mercial life. An education for both merchant and consumer. An entertain ment for all.
 You LriH lose s0nlethiRJ
 worth IUhiLe if you
 Hiiss it.
The Birmingham age-herald., 1924-02-20
uoRep aNn

HORSE AND MULES T ST. LOUIS, H., Feb. 19.-
 and mules active; prices steady as uotations unchanged.
The Birmingham age-herald., 1924-02-20

There are thousands of progressive merchants, familiar with other markets both near and far, who visit Louisville regularly as their main source of supply. They will tell you that "qual- ity for quality, prices here rule usually shade lower than in other large distributing centers." Louisvile's market policy is fairness to those
The Birmingham age-herald., 1924-02-20

Today Louisville stocks offer you opportunities for profitable merchandising that are not ex- celled in any market. In dry goods, notions, fancy goods and kindred lines the most desirable and salable merchandise of the season is here in open stocks of plentiful quantity and rightly priced. Ladies' ready-to-wear, knitted wear, millinery, shoes, mems and boys clothing and
The Birmingham age-herald., 1924-02-20

,AT SAVINGS AND LOAN co.
 Aes cts, ,S 1881, ,775.69 :. DLxuN, Pres. Birmingham, Ala.
The Connecticut labor news., 1924-02-16
Anti-Union Firm
 Getting a Bump
Magazine Publishers Meet Scant Success in Lockout of
 Union Men.

Indianapolis, Ind, Feb. 16.-The Crowell Publishing Company, which publishes the Woman's Home Com panion, American Magazine, Farm Preside and The Mentor Is meeting with scant success in its union-break- in gactivities, accirding to informa- ton reaching headquarters of the In- ternational Typographical Union here.
 Tue large labor turnover has grown so burdensome at the plant in Springfield, O., that recently the com pany entered into a two-year contract with the Stereotypers and Electro typers Union, thus abandoning their plan for running an "open shop" The Springfield Typographical Union is receiving promises of support from union men and women throughout the country in their struggle with the "rat" magazines
 Prior to the lockout the publishing company tried by promising wages greatly in excess of the scale to bribe union printers to give up their mem bership. Only two men in the plant accepted such terms About 20 years ago, the company owning the same group of magazines declared war on the unions but after two-year fight, in which great inroads were made in the circulations of tre magazines, peace was made on union terms
The Connecticut labor news., 1924-02-16
COAL WAGE PACT NEAR AGREEMENT
 CONFREREES SAY
Operators Lean Toward Three Year Term While Miners Ask
 for Four.

Jacksonville, Fla, Feb. I6.-Sub- stantiai progress toward wage agreement between the miners and operators of the central competitive field has been made this week. Among the operators, the prevailing senti- ment was for three-year contract ai the present scale.
 Eight operators and eight miners two from each of the Illinois Indiana Ohio and Western Pennsylvania dis tricts, had been named to work with the three international officers of the miners union and the joint confer ence officials, i'll preparing a tenta- tive settlement for presentation to the entire joint conference.
 The majority of miners and opera tors representatives expressed belle1 that agreement was not far off President John L. Lewis expressed himself as pleased with the trend oi affairs, and added that the miners would hold out for a four-year con tract. Operators announced inform ally that they had about decided upon agreeing to a renewal of the present wage scale, and would propose one year or a three-year renewal, but would oppose four years.
 There was a minority opposition to the prposed arrangement, however among operators and miners. Among the miners the opposition showed it. self in session of the full joint con- ference. President Lewis asked that the motion to refer deliberations to a be withheld until after some of hte miners representatives had been heard.
The Connecticut labor news., 1924-02-16
WEEKS IS SAVED
 EMBARRASSMENT
 BY FORD'S OFFER
That Seems to Be Belief of Those Who Have Watched
 Developments.

Tn view of the Teapot Dome ex- posture there are many who believe Secretary of War Weeks was saved from considerable embarrassment by Ford's offer to take over Muscle Shoals.
 In 1921 1t was charged the DuPont interests had given large sums of money to the Republican campaign committee of 1920, with the express understanding they were to get the Shoals Apparently the stage was all set to carry out the program when Henry Ford, who doesn't like the DuPonts, stepped in with his offer.
 Weeks was placed in an embarrass- ing position. As the DuPonts had been promised the property, the sec retary couldn't give 1t to anyone else To save himself, he threw the whole matter into the hands of congress, leaving to the latter the responsibi1- ity of disposing of this one project, while the war department attended to the sale of all other property acquired during war time.
 If Ford had not made his offer and Weeks given the Shoals to DuPont the war department might now be facing an investigation somewhat along the lines of the Teapot Dome affair
The Connecticut labor news., 1924-02-16
Big Industries Show
 Gain Tn 1923 Incomes

New York, Feb. I6-Increased earnings were reported by a large number of industrial corporations which today made public their annual statements for 1923 ,attesting to pros- porous conditions throughout most of the year
 Net income of the American Can Company totalled $1o,o83,oo4, an i'm crease of $54o,744.
 The Gillette Safety Razor Company reported net earnings of $8,41I,766 in 1923, compared with $7,6o2,o3o.
 The Pierce Arrow Motor Car Com pany increased its profits to the equivalent of $2.78 share.
 Net income of the Underwood Typewriter Company was $2,283, 585, a gain of about $5oo,ooo over 1922.
The Connecticut labor news., 1924-02-16
Industry's Victims
 Are Paid Millions

Harrisburg, Pa, Feb. 16.-More than $83, ,ooo has been paid to the victims of industrial accidents in this state the past eight years, according to Gabriel Mover, manager of the state insurance fund.
 During this period there have been 2o,462 fatal accidents, more tran 1oo,- 900 serious accidents and more than I,5oo,ooo accidents of all degrees of severity. In 1923 there were more than 5000 fatal accidents and more than 10000 serious accidents.
 More than one-half of the total money paid has been to widows ana orphans, MT. Mover said.
The Connecticut labor news., 1924-02-16
Coal Strike Threatened

Scranton, Feb. 16.-The general grievance committee of the Glen AL den Coal Company, in conference with the president of district I, United Mine Workers of America, threatened to call general strike of the 22,ooo employees of the company unless grievances pending at the g colleries of the company are adjusted before Saturday afternoon.
The Connecticut labor news., 1924-02-16

Since McAdooS name has been mentioned as at attorney for Doheny of oil scandal fame, even though it was after severing his official position and for affairs in Mexico, those fear ing and therefore opposing him, have left no stone unturned to besmireh2 him with some of the oily mud now smearing others in the political lime light.
 This week in St. Louis, Mo, there is being held the Conference for Progressive Political Action in which MT. Johnston is leading factor. It had hardly gotten started before there was broadcasted through the coun- try, supposedly from St. Louis, statement alleged to ge quoting John ston as saying that McAdoo's con- nection with the Doheny bunch made him impossible as a candidate and practically advising all good union men to look askance on him in the future. It had Johnston practically reading McAdoo out of Union mems consideration politically.
 It was eagerly seized upon by the paid press which almost to a unit is opposed to McAdoo, as they have al- ways been opposed to him ever since he first defed high finance in New the money with which he built the first New York tunnel under the Hudson McAdoo showed them then he didn't need them, when they had once turned him down, and they have never forgotten 1t and his friend ly attitude toward organized labor while director of railroads in the war didn't make Big Business" feel any more kindly. Therefore they began to howl with glee when it was hoped Labor might be turned against him
 But MT. Johnston can read and he too sa wthe article attributed to him and came back as follows, after deny ing all responsibility for the pub Iished statement:
 Wren discussing the question of whether or not the conference would indorse any candidate for president OF vice-president, 1 replied by stating that in my opinion there would be no indorsement of any candidate. Such action would be premature.
 q did say that MT. McAdoo had the support of a very considerable DOT ton of organized labor and, with ref erence to his possible nomination, that ris enemies would doubtless use the fact that he had been counsel for MT. Doheny as an excuse, seeking to prevent him securing the nomination Personally I have a very high re- gard for Mr. McAdoo and nothing has taken place that has in any way les sened my regard or caused me to question his integrity
 MT. McAdoo doesn't want the nom ination bad enough to steal it or by besmirching his party or its chances Therefore he has caused conference to be called for Chicago on Monday next of all those in every state who desired to support him or are inter ested in the democratic nominee, then and there to decide whether or not his legal connection with Doheny has in their opinion made him impossible as a winning candidate if nominated McAdoo in his statement declares he will abide by the decision made.
 "The means you propose for ascer- taining whether the present partisan attacks unon you have in any degree lessened the demand for vour candi-
 (Continued on Page Eighty
The Connecticut labor news., 1924-02-16
SEN. COUZENS SAYS HONEST MEN
 CAN GET MONEY
Tears Mellon's Argument Into Bits Men With Money Fearful of
 Wall St.

he Ta1lrOadS can get all the money
 they want if they give security, said Senator Cozens i'll his latest reply to Secretary of the Treasury Mellon. The 1awmaker and cabinet official dis agree on the Mellon tax pain and are writing open letters to each other.
 MT. Mellon stated that the railroads needed funds, and that this money must come from the sale of stocks, which the people will not buy because the railroads must give half of their profits over per cent to the gov ernment to aid weaker roads.
 To this claim, Senator Couzens re- plies:
 Every investor bnows the reason why stock of the railroads can not be sold For 10 years or more you must admit that all the campaign of the railroads has discouraged invest ment in their stocks. They constant ly cry about and exhibit their poverty and other demoralization because of their failure to earn more money. The purpose of this campaign, of course, IS to increase freight rates, and there is continuous effort made in that direction. Now that rates have been boosted in many instances to a point conhscatory of products carried, and now that there is avail able from earnings incomes sufficient to pay large dividends on most roads, there is an effort on the part of the railroads to sell stock"
 Senator Couzens stated that he has been informed on reliable authority that the 1923 report of all class railroads will show profits that will permit dividends of from o.8 per cent to Io.88 per cent on all railroad stock.
 "This is on the par value of the stocks, an dincludes the stocks which are not entitled to earnings in that they never represented values, as well as the sound stocks.
 Perhaps, if the railroads pub lished this fact, they might be able to sell some of their stock. How ever, this may not be possible, for the reason of the public impression that the railroads are badly managed and because it is we'll known their relations with the government are most unsatisfactory.
 Investors would not, and should not, buy stocks on which the rail- road managers and the Wall street bankers can stop dividends with inn punity. They should require mort gages on the railroad property, so that when they stop interest pay ments the owners will have some re- course in the way of collecting re- turns on their investments and, if necessary, their principal. This is the real reason for the increased bond issues in relation to stock issues.
 "No matter to what point you re- duce the surtax, investors will not, and should not, take this kind of hazard. All records show, however, that, admitting your statement that the railroads need a billion a year, there is plenty of money when the railroads give security for the money They got it last year, and they will get all they need this year"