The Detroit times. [volume] (Detroit, Mich.) 1903-1920, January 27, 1912, LAST EDITION, Image 8

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The Detroit times. [volume], January 27, 1912, LAST EDITION, Page Page Eight, Image 8
About The Detroit times. [volume] (Detroit, Mich.) 1903-1920

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The Detroit times. [volume] (Detroit, Mich.), 27 Jan. 1912. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83016689/1912-01-27/ed-1/seq-8/>

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Page Eight
Markets and Finance
} PROfESSIOKAIS ATTACK
f LEADING ISSUES: MARKET
I IS WEAK AT THE CLOSE
Reading and Union Pacific Are
Hammered Down One to
Two Points
ioTHEKS SHARE IN SLUMP
ji Decrease of 46,000 Is Shown For
Fortnight In Number of
Sidetracked Cars
NEW YORK. Jiao. 27.—Until ell
I on In the second hour of business to-|
I <Uy the stock market hardly moved,
p Taere then began, however, a sliaip
ft profession a I attack on prices, under
KwhlCh Reading and Union Pacific lose
II to 2 points apiece, with declines*
lof to lH in various ether stocks.
? The weakness was most decided In
Batockfl which advanced yesterday, in
Bttae face of the St. Paul dividend
Btyftws. St. Paul itself was consider
p ably lass affected by the dt . Hue than
l other active shares; it was uot even
Ia focus of active trading. The mar-)
kat dosed unsettled.
V A aomewlia: surprising inci 1* n» of j
'. the day was the announcement of 4u.-
000 decrease for the fortuight in the
■ alum be i of sldetraekeu cars. ihc ■
foreign markets were awaiting et-;
F pectantly next week's s’ook exilian
settlements, at Londou anu on the
b oontlnont.
The market closed weak.
& Reportcii for The Times b. Hayden,
Hpnv A Cos., 116-118 OrtswMl.l-.it.
Open. Clu«.
t Amer Afd. Chem C 0... «1 11
T Alutr. Beet Sugar 56% 56% j
| Amalgam ted Copper ... 63 "•* ’*2% <
Amer. Car A Foundry... «i% 51 *4 t
l>c. pref 115", 115 T ANARUS, J
Amer. Cotton Oil 50 19%
Amer. Smelting & Retin. 71% 70% i
Amer. Sugar Refining .. 117** 117%
f Amer. Tel. A Telegraph. 140 13*%
Amer. Tobacco, prt*f. ... 107% 107%
Am|r. Woolens, pref. ... *8 8* j
Anaconda Copper 35% 35
1 Atch.. Top. At Santa Ke.. 108% 105%
: Baltimore A Ohio 105% 104%
Brooklyn Rapid Tran... 78% 71%
l Canadian Pacific 230% 230%
Central Leather li»% 19%
Chesapeake Mt Ohio 72% 71 %
Chine Copper 28% 25%
Chicago. Mil. * St. Paul. 107% 108%
Chicago A Northwest’n.. 141% 142
Consolidated Gas 139% 13»%
Corn Products 10% 10%
Denver * Rio Grande . . 22 22
Die Bee. Cor 32% 31%
| Erie 30% 30%
I Do, Ist pref 51% 50%
i; General Electric 153% 158%
| Great Northern, pref. .. 130% 129%
Do. Dre Ctfa 40% 40
• lnterboro.-Metropolitan . 18 17%’
Do, pref 57% 55%
Kansas City A South 28% 26%
1/Shlgh Valley 183% 160%
I,outßVlUe A Nashville... 111% 151%
Missouri. Kan. A Tea.... 27% 27%
M.. 84. P. * A Ste. M... 133 121%
Missouri Pacific 33% 33%
National Lead 53% 33
New York Central A H . 110 109
New York. Ont A W 37% 37%
Norfolk A Western 109% 109
Northern Pacific 117% 116%
Pennsylvania R. R 124% 123%
reofle’B Gas A Coke 105% 105%
Ray Tone 17’* 16%
r Reading 156% 153%
; Republic Iron A Steel... 24% 24%
-. Rook Island 24% 24%
Do. pref 51 50
Southern Pacific 110 108_
Southern Ry. 28 27%
Tennessee Copper 37%
Tease A Pacific 22 22
.Union Paelfle 166% 164%
U. S. Rubber, com 48% 46%
r. 87*Steel «5% 64%
I Do. pref 111% 111
V 8. Bond* 104 103%
Vlr.-Caro. Cham C >...., 66% 55%
Utah Copper 34% 63%
MTabaah 1 •
Do, pref. 1• % 1* %
Western Union Tele 83 82’*
Wentinghouee Mfg 72 71
NEW YORK STOCK LETTER.
Reported for The Times by Puine. :
Webb«r * Cos.. Jan. 27: The market at
tlir, opening was dull and under Rom'*
press Jre Tiadera were trying to f iree
a temotion and later they sue;** lid
very well. Stop orders was caught .'nd
prices sold off easily. The selling was
largely prof* eelonal. and the siur* in
‘ tfuvat Increased. We look for a gooJ
trading market next wreck, and 3.»0
largely jfovrrned by news. Tin bank
statement was good and money easy.
BOSTON COPPER.
Reported for The Time* By Hayden.
gtom & Cos., 116-118 Grlswold-st.:
Open. High. Low. Close.
»\ llouex «0 % 40«, 40 4 404
Vlfoma 6% 7 0% 64
Boston * Corb. B*BB
Boston Bly .... 1% IS IS IS
m> State Gas. 26 28 26 24
Butte Cltn. .... 22'i 22% 22%.
BolkoMlm 1*»
Cain A Art*... 61 61 Bst% 60
CHu A Heclft. . 420 426 420 425
ChtOf 85c 86 84. H.»
Chino 26 4 26 4 26% 24
Cop Range ... 624 S3 52 .>2
DO*la Daly ... 6fVe 66 62 62
r.aat Butte .... 124 12% 124 124
Franklin 12% 12% 12% 12%
Giroux 4% 4 4 4% 44
1 Gold Cona. ... 4 4 4 % 4 % 4•%
’Granby 25 80 35 35
Grreno-Can. .. 84 *4 8% 8%
Hancock 24% 34% 38% 33%
Indiana 15 16 14 14%
Inapl ration ... 10% 104 10% 10%
lain Boyale .... 21% 214 514 21%
Keweenaw .... 1% 1% 1% 1%
La Rose 8% 3% 2% 3%
Lnko 36 85 83 35
Mate 8 8% 8 8%
Miami 14% 24 S 244 24%
. Michigan 84 3% 3% 34
Mohawk 6«4 664 64% 64 4
Mayflower .... 9% 10 8% 8%
Nevada Conn. . 18% 18% 18% 18%
NeVada Utah ..8 0 8 9
Ntplsslng 6% 6% 6% «%
North Butta ... 24 4 144 24 24
North Lake ... 6 6 6 6
Ojibway 6 * 6 6 6
Old Dominion.. 46 46 46 46
Old Colony 7% 74 6%
Quiney 74% 74% 74 74
Ray Cona 17% 17% 17 17
Rbannon *4 »% 04 9%
nun A Boston. 4% 4% 4% 4 %
Trinity 6 C 8 6
; Utah Apex ... 3 4 84 3 34
Utah Cana .... 16% 15% 13% 16%
Utah Cop ..... 54 4 64% 63% 63%
j V • Hmeltlng. 84% 34% 34% 34%
Do. prof 47% 48 47% 47%
rflilafla 6% 5% r,% r. %
Winona 6% 6 5% r.
HHknAoUe 24 24
KOITOt COPPKBI RAL63I.
gjIWIWROIT, Jan. 27.—Bouton copper
■ altar* aalea of Jaa. 36. imr. furnished
: lay den. Htone A Ca; Algo . , tit;
f'Ma Y4S; Am. Sine, 24: Ac., 166; Bn..
154: Bh.. lit; Bu., 275: B. a S. 6#»: C.
% A.. 484; C. A H.. 11; Cy . 1,037; Con.
M.. Cn., 186; Ft . 1.J50; Otr., 265:
G«*. 1.188; fltatlC., 185; In.. >4O: Inspir.
1.112; Inc, 8.671; Ic. 101; Po. 193. h
l». M Lk . 84*; LaH.. 85; r>k.. *56; Mayfl
*7 Mali.. *8; New. 226; New \rr . g* ;
• I*6: Nb . 8(6; Nk . 26. *jj :f. 0 r ..,
4.411: Os* , 16: 195: R.c, 76. A. Pc.
•han.. 146; Sou. I4i«; C L., 5. Mb..
Jt4i Tmm. It; Trfa.. Ift; Xu.. 40. U n
C.. 4.635; IT. 8. R.. 35; do pfd. 70; Un..
150; Ux., 105; Ut, 128: Vic.. 900; Wyan..
115.
MONTH N lom.R LETTER %
Reported for The Times by l'alue.
Webber * Cos., Jan 27: The local mar
ket Opened with conaidarable strength
and activity, the trading, however. iw-
J tug largely confined te special tie*.
I Mayflower uiul Old Colony, Indiana
land Victoria. Franklin and Superior Ac
| Beaton all scored sharp advance* with
what looked like good buying. In tins
i closing hour, prices ran off very sharp*
jly in New York, and the demand for
jt he local coppers quickly disappeared.
I The standard copper*. *uch a* Copper
! Range. Quincy. I*uke and Hancock and
icalumet & Arisons all sagged fraction
ally.
I Reported for The Times by Hayden.
Stone Ac < 0., Jail 27: The Huston Pop*
per share murk**t is displaying some
; weakness, although the volume of
trading 1* not large The principal ««*♦
j ttvit.v has been centered In the low
| priced copper*. Old Colony and May
i flower leading In tbi* respect. Mh> -
! flower g°t a s high a* 10. I'nion Copper
'and lamd wa« also an active feature,
j advancing 2% Superior A Boston \va:i
'taken In hand and advanced %. sell
ing at 4% The Ralls amlglnduatriala
’ were quiet and neglected.
GRAIN AND PROVISIONS.
I>ETROIT. Jan 27—Close: T!.e gen
eral trend of new* has recently been
iin the direction of higher pri< ea for
grain*. Liverpool was advancing dur
ing the closing day* of the week and
much bullish new* was printed here
relating to both spring and winter
wheat. Supplies of the former are
mid to be nearlv exhausted while the
latter ha* been injured by frost
Longs in wheat have been covering
quite freely during the past couple cf
day*, although new* was mostly en
couraging to holder* and hi.ll* felt a
good deal of confidence. They figure
that receipt* *»f spring wheat muct
r.mn decrease materially an.l run •mnll
for the remainder of th** season. F
- 'a* bullish conditions, suffl er. ’
to hold Liverpool price* llT’ :."d th*
milling situation In the northwest can
not \rrr well change without iuv i*r* -
lug. Sales of flour have been whowirg
a tendency to in -rense recently. In
quiry to the winter wheat crop Is the
new oat of the bullish factor* Th*
plant wa* «*xpos«*u to very cold
weather for some time before snow
fell, but the extent of the Injury can
not be determined before spring
Demand for Chicago wheat stock* is
a* disappointing a* ever. Millers are
taking only small lot* and show no
anxiety to load up.
Wheat wa* strong on Saturday and
closed at an ad\an< e of %c.
Cloverseed advanced l(tt 75*' and the
coarse grain* were unchanged.
Wheat quotations: Cash No. 2 red.
99% c: May opened without change at
tl.fit advanced t«» St 04 and closed at
91.413% : July opened at 96%c„ t«l
--’ anced to 97 Uc and closed at 97 %c;
No l whits, 37%c
Coarse grain quotations: Corn—Cash
No. 3.6€ r; No. 2 rrtlow. 1 car at 67c;
No. 4 vellow. 65 %c. Ont*—Standard.
1 car at 53c; No 3 white. 32 %c. Rye
—Cash Nor. 2. 97c. Keans—lmmediate,
prompt and January shipment. $2 4.’.
February, 13.44; May. 12.55. Clover
seed—Prime spot and March, f 13.75:
sample. 12 hag* at sl3 25. 12 at sl2 75.
9 nt 110.50: prime alsike. 312,36; sam
ple aletke. 17* bags at *9.50. < at $11.50.
Timothy seed—Prime spot. 76 bag* at
97.25 Rarl*'—Sample. 1 car at 12.50
per cwt. Buckwheat—Good milling
Krur 91.75 per cwt.
Receipt* in the Detroit market Sat
urday Included «•**) hhl* of flour. 3 cars
of wheat. 1 of corn. 7 <*< outs arv? 1 of
barley. Withdrawal* were too hid*
of flour. 1,1*64 hu of wheat arid 9 835
bu of corn. Stocks are 553476 bu of
wheat. 155,735 bu of corn. 169.480 hu of
oats. 1.615 hu of barley and 25.738 bu
<»f rye Receipts o f wheal Saturday;
Minneapolis 425 car*, aaalnst ;h>2:
Winnipeg. 463 cars, against 24. Duluth.
16 cars, against 56; Kansas City i4
cars, against 63: Omaha. 2.7 car*,
against 38: St. Ix>td*. 44.000 bu. against
79,000 bu a year ago.
P’%nary wheat r*»«‘elpt* were TOO nno
bu. against 619,000 bu.
Exports of wheat and flour Satur
day, 70,000 bu.
TOI.KDO BRAIN %ND PROVISION'S.
TOLEDO. 0., Jan. 27—Wheat: c H *h.
II; May, *1.03%; Julv. 97%r. Corn:
Caah, 66%e; May, 6>>%c; Julv, f.B%c;
Sept.. «9%e Oatr Cash, 52%c; May.
53%e; July. 48c. Sept., I2’,c. Rye:
°ash. :«sc. Clover seed: Cash and Jan..
113.95; Feb. and March, 913.97%; No 2,
*13.70; No. 3, *l.l 40; rejected. *11.15.
Alsike: Cash and Jan., 912 65: March.
sl3. Timothy: Cash ami Jan., $7.32%:
March. $7.37%. Rutter, eggs and hay
unchanged.
CHICAGO OH AlN—Opeulug,
CHICAGO. Jan. 27.—Wheat: May
and July up %<•. Corn: May up %c;
July unchanged. Outs*. May und July
unchanged Provisions slightly higher.
.Close—Wheat: May up %c: Julv up
%c. Corn: May down %c: July down
%c. Oats: May up %c; July un
changed. Provisions steady.
Quotation* by Hayden, Stone A- Cos.
Jan 27. 1912:
Open. High. Low. Close.
Wheat—
May., xl 01% 1 02% xl 01% bl 02%
July... 96 % 96% 96% 1*96 %
Sept... 9 4'* 91 % 94% *91%
Corn—
May... 67% 67% 67% *67%
July... 67% 67% 66% x€ 6%
Sept... 67% 67% 67% 67%
Oa ta—
May... 50% 51% 50*; h 50%
July... 46 46% x 15** b 45%
Sept... 40% 41 40% xs4o%
Pork-
May... 16 30 16 10 16 30 15 35
July... 16 60 16 60 16 50 16 55
Lard —
May. .. 9 40 9 47 9 37 ’ s9 46
July... » 55 9 «<> 9 55 x*9 57
Riba-
May.. x 8 80 8 35 8 80 b 8 92
July. . . —B--M jr3—3s——s 8g xs-t3 —
(b)Bld. (s)Sold. <x)Bpllt.
CHICAGO (>R.tl\ LRTTKN.
Reported for The Time* by Paine.
Webber A Cos., Jan. 27; '\Vheat--Thls
trade took the . conservative position
yesterday and profits for lorn;* were in
order both eurly und late. Regard!***
of thlt. th< market close 1 Arm Most
of the foreign new* 1* calculated to
hold European niarkets strong Any
changes In the uorthwest milling and
flour situation will hr on the side of
the buyers. Receipts In that quarter
should run much smaller. Corn—Re- |
a< tton In corn yesterday was certainly
due and caused largely by proflt-tak* i
Ing Expressions of active and Inflip I
e.itial trader* in corn are along this
line Should replacing of long corn or
frith buyers lift the price over #3
Sdite and make It popular for th« Illi
nois fanners to soil at *rt.
likely to boa fre.-h rush of corn and
an e:.rly reaction In the market. The
suggestion Is to tnk« advantage of
*u* h a swell to secure profits nnd
la\.*-r, take advantage of the /auction
to l*uy corn for even higher levels.
Outside markets are stronger than Chi
cago S3 far corn has not act-urn i*la;cd
be/e.
LIVESTOCK.
RANT HI F»U O—Opening.
Donning A SU'CCaa* l.hf Stock llrnort.
I FI AST BUFFALO. N. T.. lan .'7.—
1 Cattle Receipts five cars; market
flow; best 1.400 to 1,400-lb. steers’
17 75416. good prime 1.3P0 to 1,400-lb.
steers. 17.864f7.65; good prime 1,200 to
1,306-lb steer ■*. *6 76 f6 7.25; b***t io*»
ft) L206-lb shipping steers, 36.56 7.
medium butch -r steers, 1.000 to 1,100-
l’*» . 86.50416.25; light butcher steers.
$ I 25 0 5; b* st fat cows, 81.604*6.21; fair
to good do. 640f 4.50; common to me
dium do, 93.230 4. trimmers, |j.6002;
best fat heifer*. 56.60f46.26; good fat
heifers, 9605.40; fair to good do, $4.21
•h'4.75; Stork heifers, S.:«/ 3 60, bent
feeding steers. dehorned. 84.754/5;
common feeding steers. $3 7504; stock
era. nil gr ides. $3,600 8.75; prime ex
port bulls. |r».50<96; best butcher hulls,
8547630; bologna bulls. 14.35414.73;
sfi»ck bulls, 93.230 i.25; best milkers
•rnJ springers. 1454751; common to good
do. 8 2548 20
Hoa«: Receipts, «***, niarktt,
THE PETR >IT TIMES! SATURDAY, JANUARY 27, 1912.
A '
1 + ll
This property saa Mild for 1.. Mrhafer and wife to Mrs. Jamaea Graham,
thr nurlknral mmtr of \\ r*t t.riin,t Iliad, anal linker t lot Klilldi coanlft
eratlwa 97.H00. 'lbe«e «alen were naade by I.ambrecht-Kellj (o- M (<rl«-
nold-at. Mala or 4'tty SIX.
steady; heavy. $6 6rt; yorkers, $6 50’i
6.60; pig*. *5.60fix5.80
i bh*. p and Ijimbs: Receipt*. 20 cars;
market, steady top iamb*. 97w7.10.
yeaillrgs. *54f6.75: aethers,
4.50 ets •'*. $3 75*i 4.
Calves: y|s 4i 10.10.
KABT HI I F M.O—f Itwliix.
I EA>T RUFFAIX). N 1.. Jan. 27
(Cattle. Re<eifts. 153 head; market,
steady; print** ste.**. s7'*»'. butcher
grade*. s3fi 6 75. Calves: ReceioLs, *OO
bead; market, slow: cull to choice.
$5.50 J 1»* idheep und lambs: Rsceipl*.
6,000 head, market, slow, choice hunt>»,
$6.9«mW 7.10: cull to fair. 9*>6.75; year
lings.' 9')8» 6.7'<: sheep. sl.7s'*» 4.50. Hogs:
Receipts, 4.25«» head, market, active,
yorkev*. tl.lOli 6.60; pig*. |.'».7*’: mixeil,
96 6”: heavy. 96.6". toughs, ss.sof|is.9u;
stags. 95(^5.25.
I NION STOCK YARDS.
. I'NION STOCK YARDS. CHICAGO.
J*n 27.—flogs: Receipt*. 25.t*»0 head:
market. «b»a . mixed an>l butchers,
|5 $5ff6.35' good heavy, 1'..959/6.17%;
rough In .ivy, *,. 95*16.10: light. $5.«0 j
6 20; pigs. 94.15f*6.40 Cattle: Re-
Jcelrts. l.tO’t head. market, weak;
‘ beeves. >1.754/8 4'*; cow* and heifers,
$2 100 6.65. ftckei* and f* e.lers, sl€<>
•a 5.9*1, Texans, $4 40tf 6.T1; calves,
$a 50<) 3.25. Sheep: R»)>«'lpt*. 2.st*«*
i head; market, weak: native. $3.15*3
4.7 j; western. $3.50974 .'3: larnbs, 14 49
'rtf * 90; western. $4 60ff6.C0.
ri.FA ELAND.
CLEVELAND. (*.. Jan. 27 -H.igs
Re« etpts, 2.500 head; 3fi» I**« lower;
‘ heavier and mediums. <-t7». mixed.
1*6.10. yorker*. $6.45: p'gs. *5.25 't -5.75.
I Cattle Receipt*. 7» car*, slow. Sheep
land lambs: Receipt*. 6 cars; *6.75 top.
Calves: Receipts, 200 bead; 99 50 top
PRODUCE.
Commission men had nothing new to
report thi% morning. Trade on the
whole was very satisfactory, and prac
tically everything except dressed
calves was cleaning tip In good shape.
Calves are In somewhat better supply
than demand: the bulk of the sales are
at around Inside uuotationn. und the
tone of the market is easy. Poultry
i iKbiied up fairly well, and rule*
sf«ady. Eggs are firm, but potatoes
and butter are rather easy than other
wise.
Apple*—soc 011; 816003 per bbl;
western box apples, 32 2502 75 box.
Dub****—Good snipping stock. $1.68
0 2 25
Ilea a*— Dried Lima. 6% if 7c lb.
California Fruit* Orape Tokays,
91.7602 per box
Celery— Home-grown. 300 60c do*
Cauliflower— 7so 85c bu.
Cabbage—Z %0 3c per lb.
Cheese-—Michigan flats, 17 018 c; lata
made. 16 %c; New York flats, 18c; ched.
dars,—l7 %c;. domestic fcwiss. 19021 c,
block Mwtss. 17%01*c; imported Swiss,
2.-c U 30c; Llinburger, ► 16018 c; brick
cheese. 18% g 19 %c lb.
Craaberrles—Date Howes. 82.6 b per
bu, 99 50 per bbl.
Dates Persian, n#w, 6%06c lb;
Kards 10 % 0 11c lb
Dressed Calves— Fancy, 10 011 c; com
mon. 809 c per lb.
Dressed Hogs— idght to medium. 73*
0 Bc. heavy, tto 6%c lb.
I igs—imported, new. 11016 c per lb.;
California. 25c lb.
Klnnsa llsddies —10%CiXll%C lb.
Fresh Vegetables Cucumbers, hot
house 91.600 175, lettuce, hothouse.
12% a l3c lb.; head lettuce, $3 0 3 36 per
hamper, onion*. 12% 0 lac per do*;
*xcen pepper*. 93 60 per 6-basket era*-#.
.i) • per lasket; green peas. 94 60 per
hamper; carrots. $7-090c per bu.
Grape trull—Florida. 94.7606 per
case.
Grapes— Malagas. 94.5008 per bbl.
Money—F'ancy walte. 17 018 c; amber,
16.16*; extracted. 809 c lb
Hay— Detroit shippers are paying thi
following prices for baled hay In car
lots. f. o b Detroit No 1 ttmothv.
920021. No. 8 timothy. 119020. clover,
mixed 918019; rye straw. 98.600*;
il a rid at straw, 18 08.60 betas
markets ranged from 120026 as to
qua liiy
Hides—No. I cured. 12 %c: No. t
green. 10c. No. 1 cured bulls. 10c, No
1 green, 9c, nrttf - nlf. N>. 1, 11 »;
Sreen calf. No 1 16c per lb; hors»
Ides No. 1, 82.76; No. 2. 92 76; sheep
skins, as to wool. f>Ocosl2s; No. t
hides, lc oft o kip. l%c off on calf
lemons — 11 'altfornln, 84.6006 box.
I .Imre—ftp 1.26 per do*.
Nate— Hickory nuts, large, 910125,1
sheilbarks. 2 % <1 3* lb; butternuts, f1; j
black walnuts. 75efi 91 bu.
iiaioae Telhtw. 81.2601 35 per bu;
Spanish. 91 6601 75 per crate.
(Irene*** -California navels. 92-750
J.l 23; Fiorldn 82 7>o >1 .1 per box.
l-onltry —Springs. No 1. 11012 c lb ;
NO. 2. 94# 10c fowls. 10 011 c; No 2. *0
9c; geese, 12013 c; ducks, young. 14 0
15d; turkeys, 164? 16c; dressed gocsc.
14 016 c; ducks, 16017 c; chickens, II
0 1D- lb
l*lnei*|»plee— I'loridas, 84 u 4.60 crate.
Bwlafne*—Car lot*, track. Detroit,
aru selling at 9<"c%51 bn; new Ber
mudas, 93 p. r Ini
shla*— Deft olt buyers are bidding as
follows: No. 1 akiiiik. 92 50; No. 2 musk-
I rat. 60v.
Mranberrk*—zs • Kn* p«r quart box
.. Cotmu-m— Jtrxeyp, kiiu dried,.
|1.00#2 p#r orflt% |
Teasatuea—• Florida. 94.60 par 6-baa
kvt crate 8085 c per basket.
Tails* —No. 1. 6%c; No. 2. 6%c lb
\\ o«,i— -Michigan unwashed wool for
southern, central and northern sections
. %. % and “v blood. 19 id 20c; detains,
unwashed, 16tfl8c; common, rough
and fine, 14(0l5c per lb; f. o. b. country
points.
JOBBING PRICEB.
Council vppits, gala., $3.60;
baked beans. 1-lb., uVgblic, Gima beans,
11 <0. 1.25. Corn; Fancy Maine, $1.10;
standard. 90c. Table beets. 11 35& 1.40.
be as Fancy, early June, $1.36, stand
ard. 91, soaKea, 6U'U<oc balm on.
botkeye. tail. 92.35. flat. 32.40; Alaska
reds. 12.10. Alaska pinks. *1.20. Toma
i toes. succotash, 11 u I*s
per Uoz. l eas. Marrowfat, *1 16. eany
, June. $126; sifted tarty June. $1.45 per
do*
Coffee Packet coffee. 100-lb. cass,
118.70 u 22.60 delivered.
I rv<! Jobbing prices In 100-lb.
sacks. Bran, S2B, coarse middlings,
S2B. fine middlings. $32, coarse corn
itual and cracked corn. S3O; corn and
bat chop. $27 per ton
Flour—Jobbing prices: Beat Michi
gan patent, $4.55; second uat»nt, $4.60;
straight. $4.25. pure rye, $5 20; spring
patent. $5.90 per bbl. In wood.
oil Raw linseed. 77c, boiled lin
seed. 75c; Diamond headlight kero
, lone, Bc, perfection. *'-%c, Eocene,
10 %c. Crown gasoline. 12 %c per gal;
t turpcntlne. in bbl lots, 56c per gal
Provlsione- Mess pork, sl6 60; fam
ily. sl7 6o '•) 2'*; medium clear.
17.50; srnukvd hams. 13%c; dry salted
j 1 rickets, :• %‘i'l lo%c; bacon. 12(U,13%c;
lard, in tierce*, 9%c; kettle rendered!
10% c per lb.
ktigar*— * orre< ted daily by W. ki.
Ldgar Jk Son: Crystal dominies. 2 lbs..
$8 90. 6 lbs., $8.40, Eagle tablets, $< 35;
cut loaf. $6 85. cubes. $6 20, XXaX
powdered $6.30, standard powdered,
$0 25 granulated, extra coarse, $6 95;
uno In bulk. s6.fit, 25-lb cottons, $6.90;
.diamond A. $5.95; confectioners' A.
$5 80 No. 1. $6.86. No. 2. $5 85; No 3
$5 80. No 4. $5.75. No 6. $5.70; No. %
$5.65: No. 7, $5 60; No. 8. $6 65; No I
6 50. No 10, 6.45, No. 11. $6 40. No. ii
$5 25; No. 13, $5 30' No. 14. $6.30; No.
15, $5 SO; household powdered, o-lb.
cartons, 18 to case. $6 80 1-lb. cartons,
48 to case. 14; Michigan granulated.
$6.66 per 100 lbs.
BI TTER AND EGGS.
flutter —Extras, firsts. 35c lb.;
1 dairy, 24c; (lacking stock. 23c lb.
Kggs— Current receipts, cases In
cluded, 33c pr*r dox. Market firm. Ite-
Icelpts on Saturday, 141 cases.
\KW V ORK PKODUCK MtIIKKT.
NKW TOliK. Jan. 27.—Flour; %u!et
and llrmer. Pork: Dull but steady;
mesa, 317« 17.50. Lar«i: Quid; middle
wrest spot. 39.15419.25. Sugar: Raw,
dull; centrifugal. 96 test, 84.39; musco
vado, 99 test, 13 89; refined, steady;
cut loaf, 96.20; crushed. 36.10; pow
dered, 35.4005.60; granulated, 85 30 0
85.45. Coffee: Rio, No. 7, on spot, 13 7 «c.
Tallow Firm: city, 8c; country, 6 0
6%r Hay Strong; prime, 91.37%; No
6. $l.lOO 1.15; clover, 8101.20. Dressed
poultry Quid; turkeys, 12 "W* 21 c; chick
ens. 12%®lfc; fowls. 13*f16%c; ducks,
I . 4i* 2 2c. F.lve poultry: I'nsettled;
geese. ll%013c; ducks, 17018 c; fowls,
12 h 13%c; turkeys, 150 16c. roosters,
9' - spring chickens, 110 12%e. Cheese;
Strong; state milk, common to spe-
Hnls. 14%''*/ 17c; skims, common to spe
* 11* Is t%O 14 %c. **—
Butter: Firmer; receipts, 7,021.
creamery, extra, 27c; state dairy, tubs,
26 0 ; 7%c; Imitation creamery, firsts,
-6'** 27c. Rggs: Strong; receipts, 7.662:
h<;irhy wlidr farcy. 42c; nearby nilxc.l
sum y. fr**sh first#, 34% 0 38c.
nO9TO\ WOOL.
nosTOJti Jan. 27.—The f*ommcrcial
Bulletin says of the wool market to
day: “So f«i as the volume of business
transacted 1s concerned, there has been
little difference between the current
week and the one which preceded It.
There has been strength developed,
however. In certain scarce grades like
It supers, ami fine scoured wools havo
been more In deman 1. (’onslderable
original t-ag territory wool has been
moved. Prices on territories, however
are unr hanged. The strike at I„•« w
rence ha? held up some trading, but
lias not had any marked effect upon
the market yet. The shlpni-nts of
wool from Pbston from Jan. 1 to Jan
Inclusive, were 24.i%7.775 ihs
against ir*,M2.2f>4 Ihs. for the same
period last year The receipts from
lan. I to Jan 25. InclusDe. were 13,.
649.66* lb**., against 15.305.679 lbs. for
the same period last year.”
« Hie tr.o >*ito\isio\ k tiiKKT.
j CHICAGO. Jan. 27.—Butter. Extra*,
"V; firsts. 32c; jlolry extrns. 33c; lir*ts’
c t.ug Prim. hA-ts, J6%c: firsts)
31'*, 32c. • Oiccsc: Shims , 16016%c;
'•<»t*ng Americas, 16%0|7c. Potatoes;
! 9t>c «/ sl. Live pmiltry: Fowls. 11 % C/>
1 2* : du*'ke, 17>'*i I Ci; g**rse, Ilf/ 12c ttir
k< •*. 13' 12%c.
MU lltlth Mom;1 MtRKf.T.
Ni.V, lofK. Jan. 7--Par hI i v'e r- -
I«bMdon,\ 26 fi I6d, bar sllvef— Stw
|Vc*rk» 1 jc, Uvuimuu etcrllng. t4.87.9t
1 *t 4.1»-6A.
DIVIDEND PERIODS FOR
PHONE STOOv CHANGED
The director* of the Michigan State
Telephone Cos. have decided to change
the dividend period* on both the pre
ferred And common stock* of the
cotupnny so that the dividend yettr
will end with the calendar year.
Hitherto dividends accrued in por
tions of two years making unneces
sary complication in the accounting.
Ihvidend* ou the common stock,
which have been pnld on the first
day of March. June, September and
December will be paid on the last
day of the same months, and prefer
red stock dividends, which have been
paid on the first days of February,
May, August and November will be
paid on the same days as the com
mon stock dividends.
To effect ar. adjustment the direc
tors have declared a special dividend
of $1 per share payable March 30. to
stockholders of record March 15. They
ulso declared the regular dividend of
11.75 per share on the eommon stock
payable March 1, to stockholders of
record Feb. 15, and a special divi
dend for one month, at the rate of
7 per cent a year, payable March 30,
to stockholders of record March 15.
BUSINESS BRIEFS.
Many Detroit concerns held their
annual stockholders’ meetings Friday
and the reports submitted show grat
ifying business for the year. There
were few changes in the boards of
directors or officers. Among the com
panies bolding meetings arc Parke,
Davis & Cos., the Payograph Cos., the
Detroit Pressed Steel Cos., of which
DeWitt 11. Taylor was elected a dl
rcctor to succeed H. K. Bodmon, the
Detroit Copper and Brass Rolling
Mills, the Diamond Maufacturing
Cos., the National Fulton Brass Mfg.
Cos. and the-Climax Bearing Cos.
Robert H. Day. transportation man
ager of the Board of Commerce, went
to Chicago, Friday night, to meet with
the executive committee of the Na
$20,000,000
The Chicago, Rock Island & Pacific Railway Company
Twenty-Year Five Per Cent. Gold Debentures,
Dated January 15, 1912. Due January 15, 1932.
Interest payable January 15th and July 15th.
Principal and interest payable In New York, in U. S. Gold Coin; or, at the Holder’s Option,
in Foreign Currencies as stated in the Debenture.
Redeemable, at the option of the Company, at any time at 105 and Interest,
on sixty days’ previous notice.
Coupon Debentures In denomination of SI,OOO each, with privilege of registration as to principal, and ex.
» changeable for Debentures registered as to both principal and Interest; Coupon and
Registered Debentures are interchangeable. V
Application will be made to list these Debentures on the New York Stock Exchange.
Total authorized issue limited to $20,000,000. i
From a letter of Mr. Roberts Walker, Chairman of the Executive Committee of The Chi
cago, Rock Island & Pacific Railway Company, we quote as follows:
"The $20,000,000 Debentures which you have bought from ua are the direct obligation of
The Chicago. Rock Island A. Pacific Railway Company (the old Company), which was formed in
the year 1880. from which time it has uninterruptedly paid dividends on its capital stock, and since
1899 at not lees than 5 per cent, per annum.
The average annual surplus of The Chicago, Rock Island A Pacific Railway Company for the
five fiscal years 1907 to 1911, after providing for all fixed chargee, taxes, rental*, etc., amounted
to $5,965,089, equal to nearly six times the interest charges upon the above $20,000,000 Debentures
had same been outstanding.%
For the fiscal year ended June 30, 1911, the surplus of The Chicago, Rock Island A Pacific
Railway Company, after providing for all fixed chargee, rentals, etc., amounted to $5,442,714, equal
to nearly five and one-half times the interest charges on the above $20,000,000 Debentures had
same been outstanding.
The sale of the above $20,000,000 Debentures will, it is expected, provide the Company with
funds for the next two years for the purchase of additional terminate, and for second track, sid
ings and general betterment of the lines of the System. Therefore the Railway Company will
not create or tell any additional Debentures prior to Jan. 15, 1914, nor will it sell any First and
Refunding Mortgage Four Per Cent. Bonds or other Direct or Guaranteed Bonds during this per
iod, but all such Bonds as may become available will be retained as Treasury Assets of the Rail
way Company.
- a
One of the term* of the Trust Indenture to the Bankers’ Trust Cos., New York, ae Trustee,
securing the above Debentures, is that the Railway Company, as long as any of the Debentures’
are outstanding and unpaid, agrees not to make any new mortgage upon its railroad without also
thereby including therein every Debenture issued thereunder equally and ratably with every bond
issued under and secured by any such mortgage, such covenant, however, not to prevent the re
newal, extension or refunding of any existing mortgage.”
HAVING PLACED PRIVATELY THE LARGER PART OF THE ABOVE ISSUE WE OF
FER THE UNSOLD BALANCE AT 97 Vk% AND ACCRUED INTEREST TO
DELIVERY, YIELDING 5.207<> PER ANNUM.
The subscription books will open at 10 a. m. on Monday, Jan. 29, and close at 3 p. m. or earl
ier, on the same day.
Temporary Receipts will be issued pending the delivery of the Definltivs Debentures.
The right Is reserved to reject any application and to allot a smaller amount than applied for.
Payment in ful. it to be made on Feb. 1, 1912.
New York, Jan. 24, 1912.
SPEYER A CO.
The undersigned are authorized by Speyer A Cos. to receive Subscriptions on the terms of the abov«
Prospectus. aoove
THE CITIZENS’ SAVINGS & TRUST COMPANY, Cleveland.
4%
7 Why Investors Favor
Union Trust “C. D.’s”
Union Trust Company Certificates of
Deposit yield 4 per cent yearly;
interest is remitted semi-annually.
They are payable on a fixed date,
and may be renewed without presen
tation.
Safety and convenience are combined
in this plan.
Details are yours for a call or a
letter of inquiry.
Union Trust Company
Detroit, Mich.
ttonal Industrial Truffle league to for
initiate plans for the hearing on the
Hues ideation changes to be held be
fore Chief Examiner 11. N. Brown, or
the Interstate Commerce commission
uext week.
Bradstreet’s report of bank clear
ings for the week ended Jun. 35 shows
total clearings of $3,305,676,000
against $3,479,743,000 last week nnd
$2,207,178 for the corresponding week
lust year. Detroit showed clearings
of $18,756,000 an Increase of 16.8 per
cent over last year’s figures.
V 011 K H«IK ST4TKMHVT.
Ni:\V YORK. Jun. ’J7.—TI»« weekly
hunk us issued today shown
the following changes: Kxeess « *»h re
serve, Increase $8,706,*65. loans. In
crease f.’ 1,996,1*4)0. specie. Increase $H>.-
988.000; legal tenders, decrease $772.-
000; deposits. Increas** $29. LIO.oOC ; cir
culation. decrease st»r. 000; total loans,
$1,1*77.MT.0d0. The surplus Is $AJ».698.-
noo, us compared with $89,751.650 last
year, and $3t,«7h,»«0 two years ago.
MARRIAGES.
John (\tuplewskl. 23. Rush Stolpu, 19.
Simon Muymowskl. 27; Fmlla Mi* z
klewii-s, 25.
Arthur A. Hawkins, 22, Detroit, tna
M I'ost, 20, Vpsllantt.
John If. Smith, 30, Detroit, Caroline
M. Dogthman. 24. Petoskey.
Frank 11. Wenzhurg. 11. Grand Rap
ids. Klinlre K Itlehardnt, 23. Detroit.
Leo Miudet k. 2»; Tlllle Alhrc* lit, 29.
Julius Kregcr. 20 I,* 1 ,* Lillian Klllott,
18.
Hopolot CSodlewskl, 28: .Mary Sfe
wrlca, 19
Carl K. Breltmeyer, 21: Theresa
Drolshagen, 19.
fell 1 Martens, 20; Rachel Iterls, 19.
Karl O Ftghiny. 23; Alta Ferguson,
20
Lloyd F. Murphy, 28, Bridgeport,
Conn , Trixie La Rue. 20, same.
, Benjamin Hrlcker, 24. t'laru Grober,
20.
Karl Mongarczyk, 37; Julia Zdrovka,
28.
John Hernass. 2.">; Rosa Mikolalszvk,
20.
Ferdinand Munition. 21; Johanna Ga
luv/k.i, 22.
John Feeney, a Boston hotel porter,
wrho was killed by falling down an ele
vator shaft, left a fortune of $50,000,
based upon the tips he had received.
JIM POUND RAILS HOTLY
AGAINST THE NtIMtBS
Say« They Influence Juried and
Judges—Wants New Trial
In Ashton Case
That Juries and even circuit court
judges are Influenced by the report*
of trials appearing in the newspaper*,
wus the statement of Attorney J&tnes
JPound, Saturday morning, in Judge
Hally’s cotirt. when he moved for a
new trial of the case of Miss Viola
Schrant against Dr. Frederick B. Ash
:on, In which the plaintiff was award
ed a verdict for 86,000 for breach of
promise to marry.
Mr. Pound declared that the case
had not been tried in the court room,
but in the newspapers, and asked that
the editors of every dally In the city
be cited for contempt of court. He re
ferred to the case of !)r. Crippen. the
American dentist hanged in Knglanu
several months ago for murder, d#i
w hose trial several newspapers were
heavily fined for prejudiced reports.
He said the reports of the Ashton
rase were prejudiced and purposelv
biased.
’’These jurors, read the papers and
cannot help being influenced by the
reports published." he declared. ‘T
is getting to be a mighty Important
question in Michigan now whether
the courts or the newspapers are to
run the state. Not only are Juries
being Influenced, but in chancery
cases the court is also being influenc
ed.’’
Attorney Gallagher replied that the
newspaper rei»ort were fair and truth
ful, and were based on the evidence
brought out.
Judge Hally ttx>k the matter under
advisement.
Joh I’rtnf lag Hoar Right. Tinea
Prtatlag Cos.. 1R John R -«L
i Why Freeze I
§ WHM B
1 ANNIS I
I FURS I
CHEAP B
T*x racm or 1
MICHIGAN MUNICIPAL BOHHS
W. f. MOSS A COMPANY
NAIM 441 X DETROIT.
Dmlx-M-Mltr PHb«l»k. r*o tv*o and
no f«*alh«r*. Th*> plain. neat kind that
look* rlfht Tlwr, P(lnllH| jfl
John R -at I'h. Main I4>*. or City SIM

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The Detroit times. [volume], January 27, 1912, LAST EDITION, Page Page Eight, Image 8
About The Detroit times. [volume] (Detroit, Mich.) 1903-1920