The Montgomery advertiser. [volume], March 03, 1909, Page 6, Image 6

About The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982

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Daily Cotton Market.
I Not lOroMl telMl
lro,u.|r*o*ta|
SHIPMENTS
Stock | Ot |France|ConlCoa»t-l
|Br't*n| Itlncotl wlii |
Ja
Galvoaton—Holiday .. . •
Now Orleane—Sty., 9 He .
Mobile—Firm, 9 He .. ..
Savannah—Firm, 9 He ••
Char lent on—Firm, 9 He •<
WUmlnston—gt., 9 He ..
Norfolk—Sty. •
Baltimore—Nom., 9 He .
Now York—<Jt.. 9.85 .. .
Boaton—gt., 9.85 .
Philadelphia—Sty , 10.10
Sierfctown.
...112.522112.522
..I S.775S 8.804
... 844] 844
... 2.871 2.871
229
244
680
.1
229
SM
«V
7,219
2,174
549
49
279.1221.|
850| 64.505
1U0, 86,301
18.970
11,880
31.772
20,181
181.367
8,674
291|.
::*4
isf
62
1,319]
1,119
950|
49
Mil
•—-Jfo Mexico.
Total today at all porta net 23,188; »hlpm«nte to France 938; continent 200;
ICCon*olld»t'',d i«Wu net 75.839: shipment, to Ot. Britain 11.198; Franc. 25,871;
contin.nt 32.25*; Japan *.585; Mexico Sell.
Total since Kept. 1. at all port, net 8.17*.251; shipment. to Ot. Britain .,532,111, to
7r»n«. (32,271; continent 2,5*2,178; Japan 188,885; Mexico 8.7*8.
iMTMUOH HoSKtUS’f
Middling Net lOroael Ship-1 8ale«|
IPc’ta .|r*c'ta jmente| |
Stock
7.997] 7.997| 7.397].
- --2 — 1,284
1,600
753|
146,880
80.369
157.984
43,343
19,896
47,321
|12.446| 17,727(17,6271 2,884| 496.794
NEW ORLEANS COTTON.
M*« fatarw oa th« Nnr Orluai Cat
•a Mebun today ranctf u follow*'
aaipidhl
Low.lCla**
I W
March .
April ..
M»y ...
June ..,
July a. a
October
v». 24
9.46
9.61
9.24
9.44
9.60
9.70
9 31
9.99
i'.iil
9.67
9.9«|
9.41
9.44
9.61
9.64
9.49
9.36
2TBH ORLEAN S COTTON.
Orleans. March 2.—Spot cotton
•toady, He higher; Middling 9Ho. Sale* ‘>n
the spot 1,460 bales, to arrive 1,969. A bet
ter demand than usual was In evidence,
coming from exporters wishlnff to fill
March shipments, but offerings were light
and trading was restricted In consequence.
Futures opened steady at an advance
of 304 points on a better Liverpool market
than expected. No rain was reported In
Texas, which increased the nervousness of
aborts and caused them to cover freely, put
ting prices up on themselves. In the after
noon session a good spot demand Increas
ed the advance, which at the highest
amounted to 13^18 points. The close was
•toady with prices showing an advance of
184914 points over yesterday's closing.
jnEW ORLEANS SPOT COTTON.
New Orleans, March 2.—Cotton spots were
Steady; receipts 4,776; stock 279,322.
Low ordinary, nom .. •••• .. 6 9-16c
Ordinary, nom.w ..*Hc
Good ordinary .. «... .. 7 13-14c
Low middling .... ..9%c
Middling.»Hc
Good middling.. #... *v • 15-l6c
Middling fair .}! f
Fair, nom.»» l-1*®
LIVERPOOL COTTON.
Liverpool. March 2.—Cotton: Spot mod
erate business done; prices two points high
ar; _ „
American middling fair.«... •-#.6.41
Good middling.. .... «••• ••..6.25
Middling .• .*•••*-J*
Low middling .... ..J-Jf
Good ordinary .«•• •• .... .m* «• *.4-45
Ordinary .... ..4.10
The sales of the day were 10,000 bales,
of Which 1,000 were for speculation sad
expert and included 9,300 American. Re
ceipts 43,000 balss, Including 41.400 Aroer
loan.
Futures opened dull and closed quiet and
SSS:.«.»«»
..-.
Aprll-M.y .. .... ..J-JjJ
May-June .*■“*
June-J«ly .... .... .... .... «•.•*•**
July-AuKort..... ..
Au*n»t-9epterober.J - “Jf „
Beptember-October ....
October-November .... ..4 84
November-December.J*"
ember-January •••• •••• •••• ..4.91%9
j-FOlT^uary •••• ••4.91
Novembe
F ^«Mj>ecerabe
^ TJartuai 5
1 NSW ORLEANS COTTON OIL.
* i New Orisons, March 2.—Cotton seed oil;
prime refined in barrels per pound 5.3#
"X
NAVAL STORES.
Charleston. March 2—Turpentine quiet
**Ro»ln quiet: A BCD |3.0S;E«3.07Vi; FO
*s.l«: H *S 40; I *4.00; K *4.95; M *6.60;
N *6.16; WO $6.35; WW *6.40.
Savannah March 2.—Turpentine nothin*
Aalnr l»Vic; receipts 232; shipments 76
Rosin Quiet; sale** 391; receipts 1,084;
shipments 132; stock 1*1,963. BD $3.16; E
I3.1?H’ FG *3.20; H $3.50; I $4.10; K
$6.06- M *8.SO; N *6 35; WG *6.45; WW
*•60.
New Orleans. March 2 —Receipts 912 bar
pels rosin- no turpentine. .
Exports for London 460 barrels rosin, for
New Tork 140 barrels rosin; 15 barrels tur
pentine.
Wtlmtnrton. March Turpentine steady
ttiic: receipts 5. . .
Rosin steady $2.80; receipts 22
Tar firm *1.20; receipts 10o barrels.
Crude turpentine $Inu *2.00; *3.00 and
*3.00; receipts 217.
LONDON STOCKS.
London, March 2.—American securities
were uulet during the early trading today.
Prices ranged from % below to % above
yesterday's New York closing.
Depression followed the receipt of the
Kew York opening figures but the buying
of Union Pacific and Atchison caused a
steadier close
Consols for money . • .. *$•■• s4
do. for account.. • ••• *4 *-»•
Illinois Central .. .
LOtl. & Nash. see* ewe • •••• • A • • ••••133
Southern By...
do. pfd. ...
Bar silver quiet 23 6-ltd per ounce.
Money 2H@% P«?r cent.
Discount in the open market for short
hills Z% per cent.; for three months bills
2H<®* per cent.
KANSAS CITY BUTTER MARKET.
Kansas City. March 2.—Butter creamery
extra 29c; firsts 26 Vic; seconds 24 He; pack
ing stock 16c.
Eggs extras 20c; current receipts flat
•17 Ho; seconds and dirties 12He.
DRY GOODS MARKET.
New York. March 2-—The dry poods
market are generally quiet in the pri
mary division. Theyfall men's wear in
the large houses have been very good.
The heavier cottons are easier. Yarns
»re little changed and the low num
bers are selling at very irregular
price®. There Is little demand of Im
portance reported in the expert di
vision. Jobbers continue doing a very
fair trade, all things considered.
NEW YORK COTTON.
FatvrM on the Now Twk Ottom
•h*ng« to4a/ runted no followst
K>paa.jHlghJ
High] Low.IOoh
March ,
April ....
May
June ....
July ....
August ...
September
October ..
November ,
December ,
January ..
9.40! 9.52
9.351 9.50
9.34
9.36
9.33
9.24
9.21|
9.46
9.40
9.34
9.25
9.29
9.28
9.36
9.34
9.33
9.29
9.25
9.24
9.21
9.60
9.47
9.47
9.44
9.44
9.40
9.32
9.33
9.27
9.27
9.25
NEW YORK COTTON.
New York. March 2.—The cotton
market was more active today and
closed firm at a net advance of 7 to
IS points.
The opening was steady at an ad
vance of 5 to 7 points on more ag
gressive support, from leading spot In
terests and rather better cables than
expected, while there^ also appeared to
be some buying on continued dry
weather In the Southwest. After sell
ing about 6 to 8 points net higher,
prices eased off slightly, under local
bear pressure and realizing, but a con
tinuation of bull support and reports
of a better spot demand fron f the South
started covering during the middle ses
sion, and the market acted very Arm
after mid-day. closing within a point
or two of the best. At the high point
of the day old crop months were
about 30 points above the low level of
last week The tali' of a better spot
demand fgor filling March engagements
and the support from bullish spot
houses were the chief features, and led
to some undoing of straddles between
old and new crop positions, which had
been put out In expectation of a new
crp premium.
The only precipitation reported fn
the Southwest was a trace at Taylor,
Texas, and private wires said that
there were no rains in sight. Southern
spot markets ofllcfeUy reported early
were unchanged to l-16c. higher. New
Orleans wires reported that some buy
ers were there from the interior, try
ing to fill March engagements. It Is
estimated by the local authorities that
new spindles under construction in
Lancashire will consume about 329,000
bales of American cotton per year.
Sales of futures estimated at 225,000
bales.
Receipts at the ports today 23.788
against 34.230 last week and 28,830 last
year. For the week H5.000 bales
against 121,789 last week and 118,236
last year. Today’s receipts at New
Orleans 8,776 bales against 4,946 last
year and at Houston 7.997 bales against
7,823 last year.
flrmUtUrM °Pen®d steady and closed
Kansas city chain,
Kansas City, March 2—Caah wheat No.
2 hard ll.10VH.15; No l red 11.20011.51.
Corn; No. 2 mixed 62® Vic; No. 2 white
63c.
Oat* No. t white 54 ©660; No. 2 mixed
61© 62c.
Close: Wheat. May $1.08%; July
Corn. May 6 3%; July 63%.
»7%.
MERCANTILE PAPER MARKET.
New York, March 2—Close: Prime mer
cantile paper 3% ©4 per cent.
Sterling exchange steady with actual bus
iness in bankers’ bills at 485.50@60 for six
ty day bill* and 487.66 for demand.
Commercial bill* 484% ©185%.
Bar silver 50%c.
Mexican dollars 44c.
Government bond* steady; railroad bond*
steady.
MONEY MARKET.
New York. March 2 —Money on call easy
1 %©2 per cent.; ruling rate 2 per cent.;
closing bid 1% per cent.; offered at 2
per cent.
Time loans dull and hpavy; sixty day
2%©%; ninety days 2%; six months 3 per
cent.
LIVERPOOL GRAIN.
Liverpool. March 2.—Wheat: Hpot strong;
No. 2 red western winter 8* Cd. Futures
steady; May 8s 2%d; July 8s 3%d, Dept.
7s ll%d.
Corn, spot quiet; new American mixed
via Galveston Is 7%d. Futures dull; March
5s 6%d; May 5s 7%d.
ST. LOUIS GRAIN.
St. Louis, March 2.—Close: Wheat high
er; track No. 2 red caah $1.30© $1. .3] ; No
2 hard Ik. 14©$1.17; futures May $1.14%;
July $1.03%.
Corn, higher; trnok No. 2 cash 65c; No.
2 white 66%©67%c; futures. May 65 %e:
July 65%C.
Oats firm; futures higher: track No. 2
cash 54 %c; No. 2 white 55 %o; futures.
May 54 %c; July 4J»C.
Rye nominal 78c.
Spelter dull S4 60.
Lead dull $6.75.
Poultry: Chickens ll’ic: spring* 14c,
turkeys 16 ©18c; ducks 13c; geese 7c,
Butter; creamery 21 ©29c.
Eggs 17c case count.
NEW YORK PRODCC*.
New York, March 2—Butter Irregular;
creamery held common to special 21 ©2«%«:;
western factory first 20% ©21c; receipts 30
473.
Cheese firm, unhanged; receipt* 2.313.
Eggs easy; receipts 18,778. State Pennsyl
vania and nearby brown mixed fair to choice
22®23c; western firsts 22c; seconds 23 %*
rr
“ Your Opportunity”
The Fourth National Barik
of Montgomery, Alabama
Capital Stock . . . $500,000.00
Surplus & Profits 280,000.00
The Fourth National Bank has the largest sur
plus and profits of any bank in this city.
We offer you every facility consistent with sound
banking.
We allow interest at the rate of 4 per cent per
annum on Savings Accounts.
We will appreciate your business.
COTTON IMPROVING
4S0 BALES SOLD YESTERDAY ABOVE
QUOTATION PRICES.
Good middling ...» •••• •••• i-fC«
Strict middling .... .... •
Middling .• l-l€r
Strict low mldltng.. .. 8-l«c
Low middling. •••«
The market took a sudden lift ygaterday.
bringing with It an Improved demand. The
local official quotation roee to 0 8-lio, but
that figure was too low. In th# afternoon
300 bale* were bought at 8 7-14o. The
grade was somewhat above middling and the
basis price was about 0 5-lic or an eight
higher than the Board of Trade prleee.
Another broker bought a lot of 110 bales
and also had to pay 8 5-llc, middling batik
This batch was the accumulation of ten
days from farmers who had to dispose of
some of their cotton that they might -get
ready money. The grade was above mid
dling.
The advance of yesterday, following an
18 point rise In New York futures caused
the holders to be much more optimistic.
Several said yesterday that they Intended
to wait for 10 cent cotton at the lowest.
The factors, however, expect that a gradual
releasing will begin with 0Vic cotton. .The
short Interests are sesklng to cover now, and
It Is presumed that the present spot de
mand Is due to their necessity of finding
the best market before there la a furthet
advance.
COTTON GOSSIP.
“Prospects for next season ere certainly
very bullish on the basis of production
well as consumption and It would not sur
prise us to see 12 cents,” reads a bullish
telegram from a New Orleans house that
has shown bearish tendencies In the last
month.
The weather Is freaky. While the east
ern states, whers hardly any More rain la
wanted for the present, again had general
showers, the western states had no precip
itation whatever and generally fair weath
er Is forecasted for the next 31 hours
The Journal of Commerce says: "Thlr
tv-four cotton manufacturing concerns at
Fall River, during the first quarter, declar
ed dividends of 186,226 more than In 1807,
when extra dividends served to swell the
total. The average percentage of dividend
distribution Is 2.71 per cent, which Is
more than ever distributed during the first
quarter of a year since 1896.
Galveston wires about 1,400 sold thsre de
cidedly above quotations.
New Orleans wired that there was a
distinct inmprovement In spot situation.
Higher cables, reports of better spot de
mand. continued dry conditions In Texas
and buying by brokers usually acting for
spot Interests all contributed to the firmer
cotton market yesterday.
A prominent New York house wired:
"Liverpool closed stead* at an advance of
24 to 8 points. Total spot sales In that
market were 1.000 bales, considering the
poor tvsde reports, cabled over from Man
chester, they are taking considerable cotton
out of Liverpool, enough to give the Idea
here that Lancashire conditions are not as
bad as painted."
"Advices from South described better apot
demand In different sections with Jlttia
offering.” asserts a well-informed broker.
“Following these encouraging reports there
has been evidence reported from the floor
of buying by brokers of houses who have
heretofore been constantly bearish and who
It Is believed, have quite a short line of
cotton out. Volume of business, however,
does not encourage the belief In any run
away advance.”
MONTGOMERY MARKETS
(The quotation* are corrected dally for
The Advertiser.
Groceries.
MEAL—Standard W. O. 96 lb. sack* SSe
bushels; cream Peerless 90c bushel.
COFFEE—CFreen, common to ordinary,
lOfcllc; prime 12®13c; fancy 14®16c; pea
berry 12V^c, old government Java 27®32c;
Arbuckle's $16.55 basis per case; prime
roasted 12 4® 14c; fancy roasted 14©17e;
Mocha and Java blaneda 95©36c.
CHEESE—Full cfeam daisies 174®184c;
part cream 16@17c.
SUGAR—Granulated, standard 4%; fancy
T. C. 4*.
FLOUR—Fancy, nominal; straights $5.40
£'$5.75; patents $6.10£$6.25; fancy patents
$6-90©$7.50. I
STARCH—Com 7® 10c; standard goods.
Pearl 4%c; gloss lump 4fee; nickel goods.
100a $8.25.
RrCE—Extra fancy head 74® 8c; fancy
head 6%<&74c; broken 54®G4c; Japan 44
it 5c.
SALT—Liverpool »1.10| Virginia 68c;
Louisiana 500.
VINEGAR—Per rallon 20® 80c.
CRACKERS—XXX Soda 6Vic; XXX Gin
ger Snaps 7c; XXX Cream 8c; XXX Oyster
7c; Ben Hur Soda Biscuit 6c cartons 50c
dozen.
SARDINES—American 4-oll $3.2S®50;
4Mustard $3.75; Imported 4-oil key open
ers $7.50® $20.
MOLASSES—Georgia Cane bbl. 86c gallon;
cases, 6 gallons, per case $8.60; Prime cen
trifugal corn syrup in cases, 6 gal. $2 per
C&MAPLB SYRUP—“Log Cabitf* brand. I
gallons $7 per case, 12 gallons $7.50; 24
cuarter gallons $8.50 per case.
Provisions.
Owing to an increased demand through
>ut the country, meats have Increased 20
joints in value and lard 12 Vi points.
SUGAR-CURED MEATS Hams, medium
iverage 13 Vs® 16 Vic; bacon 14 4 ©28 4c;
ihoulders 10%©114o.
BACON MEATS—Clear ribs $10,42 4 ©70.
;xtra ribs $10.55®7:>.
LARD—Hog compound 8 4c; fancy nog
ard 114c- kettle rendered 124©134c
Snowdrift 84e; Snow-white 84c; Flake
ivhlte 8$4c; standard cotton oil lard 8 4c.
DRY SALT MEATS—Dry salt ribs $9.66
£95; dry salt cut ribs $9.30©50.
Grain and Foodstuffs.
CORN CHOPS—Per bu. 484®80c.
CORN—White from store 88©90e: mixed
2®3c ltss.
HAY—Timothy, choice, per ton $21; No.
1 per ton $19; alfalfa per ton $23; Johnson
grass per ton $13®$14.
OATS—White from store, dray lots, 67c;
BRAN—Per ton $28. Shorts $30.
GRITS—Per bbl. $4.50; per sack $2.26,
Coton Seed and Products.
COTTON SEED—118.00 per ton.
WEAL—Choice $23.25 firm; prime 7 per
cent per ton $23.25; prime cake per to $21.
LINTERS—Por lb. l®3c.
OIL—Car lots: Prime crude basis per lb.
4 1 - 3 c basis; refined
COTTON SEED HULLS—Loose, per ton
$5; sacked per ton $7.
SECRETARY HESTER’S MONTHLY
COTTON STATEMENT.
New Orleans, La. March 1.—Recre
tary Hester’s New Orleans Cotton Ex
change statement issued today covers
the monthly movement to the close
of February.
Compared with last year it shows
an increase for the month in round
figures of 21.000 bales, compared with
year before last a decrease of 228,000
arid with 1906 of 221.000.
The total for February was 1.001,817,
against 980,495 last year 1,229,089 year
before last and 780,651 same time In
1906.
The movement from September 1 to
February 28 inclusive, shows receipts
at all United States ports 8.133,279
against 6.953,808 last year. 8.244.434
year before last and 6,224,496 same
time in 1906; overland across the Mis
sissippi, Ohio and Potomac rivers to
Northern mills and Canada 928,478,
against 484,539 last year, 901,891 year
before last and 677,166 same time in
1906; Southern mills takings exclusive
of quantity consumed at Southern out
ports 1.442.000, againstt 1.391.000 last
year. 1.4F.6.000 year before last and 1,
375.947 same time in 1906; and lnteiipr
stocks increased, those held at the
commencement of the season 627.491,
against 384,505 last year. 451,007 year
before last and 490.873 same time In
1906.
These make the total movement of
the cotton crop brought into sight dur
ing the six months ending close of
February, 11,129,248, against 9,213.849
last year, 11,053,332 year before last
and 8.708.482 Fame time in 1906.
Northern spinners took during Feb
ruary 261.758 bales, against 215.949 last
year and 278,986 year before last, in
creasing their total for the six months
to 1,973,397. against 1,167,950 last year
and 1,914.764 the year before. This
makes their average weekly takings
for the season 76.319. against 44,782
last year, and 74,751 the year before.
Foreign exports for the six months
of the season have been 6,480.590 bales,
showing an increase over last season
of 625.856 and an increase over the
same period year before last of 186,205.
Stocks at the seaboard and the twen
ty-nine leading Southern interior mar
kets on February 28 were 1,495.651,
against 1,122.701 the same date last
year, and 1,654.735 the year before.
Including port and interior town
stocks left over from the previous sea
son and the number of bales of the
current crop brought into sight during
the six months, the supply lias been
1 1,410,595. Against 9,561.955 last y'ear
and 11.351.102 the year before.
Up to close of February last year
79.6- per cent of the cotton crop had
been marketed and for the same six
months in 1907, the percentage of the
crop brought Wo eight wee 81.11 end
for the acme time In 1IM the per
centage marketed wee 77.28.
CHICAGO GRAIN AND PROVISIONS.
Chicago, March 2.—Crop damage
reports and heavy sales of the oaali
grain caused a 2-cents advance Ui
wheat prices here today. The July de
livery Incidentally touched a new
high record mark for the season at
108. The market closed strong at net
gains for the day of 1-4 to 1 l-4c.
Corn, oats And provisions also dosed
strong.
The bulge In wheat followed a weak
opening and was the oocaalon of mark
ed activity In the wheat pit. Trade
In the July delivery was especially
heavy, owing to a stampede among
aborts who bought freely during the
labt half Of the session as a result
of report from Texas and Southern
Illinois, telling of Injury to the fall
sown crop. Absence of fain during
the winter months was said to have
oaused considerable deterioration Ln
the condition of the wheat crop In
Texas. A revived demand for the
cash grain helped the May delivery.
Local sales for the day aggregated
122.000 bushels, the great bulk of which
was red winter wheat. The market
opened rather weak with price* un
changed to 2-8e lower. Before the
end of the first half hour, however,
prices had advanced about 1-2 cent
from the low point on buying by com
mission houses. For a time trading
was dull and prices had advanced
about 1-2 cent from the low point on
baying by commission houses. For a
time trading was dull and prlcea held
fairly steady. Luring the final hour
prices advanced steadily and at the
elose were almost at the top, May be
ing at 118 2-8, and July 108 7-8® 10».
New high record marks for corn
were established today when the May
delivery sold at 87c per bughel and
July at 68 8-8. The advance was due
chiefly to the bulge In wheat, which
brought out active covering by
shorts. The market closed strong
with prices almost at the top at net
fains of 2-4 to 1 l-8c. May closed at
7 and July at 88 l-2@3-8c.
The price of oata also advanced to
new high record marks for the season
as a result of the strength of wheat
and corn. The market closed strong
with prices up 6-8®3-4 to 7-8c, com
f>ared with the previous close. May be
ng at 55 5-8 and July at 50 8-8.
Previsions were strong all day ami
at the close prlcee showed net gains
of 15® 1-7 1-2 to 22 l-2c compared
with yesterday’s Anal quotations. The
market was bulllshly affected by the
monthly statement of contract stock
In store, which recorded a consider
able decrease, and also by a decrease
ln the world's stock of lard.
The leading futures for the day
as follows:
Articles.
Wheat;—
May ,»
July .. ,.
kept.
Corn :—
May .. ..
July .. ..
Sept. .. ..
Oats:—
May .. ..
July ,, ,*
Sept.
Open. High. Low.
Close
1.16*
1.04 *
38*
1.18*
1.08
99*
1.16*
1-04*
38*
18*
05*
93*
85*
«5*
ii
87
68*
65*
65*
65*
88
67
66*
65*
55*
50*
41*
54*
49*
40*
Mess Pork—per bbl:—
May .. .. 17 20 17.32*
July .. .. 17.25 17.37 *
Lard—per 100 lbs.:—
May .. .. 9.77* 10.00
July .. 9.92* 10.00
Short Bibs—per 100 Ibs:
May .. .. 9.00 9.15
July 9.20 9.30
54*
49*
40*
56*
50*
41*
17.17*
17.25
17.2T*
17.32*
9.77*
9.92*
9.92*
10.05
9.00
917*
9.18
9.25
78
64*®
66*®
Cash quotations were as follows:
Floury-Steady.
Bye—No. 2 ..
Barley—Feed or mixing
Fair to choice matting
Flax Seed—No. 1 South
..
No. 1 Northwestern ..
Timothy Seed . 3.85
Clover . 8-90
Mess Pork—per bbl.17.00
I,ard—per 100 lbs.. 9.77*
Short Bibs Sides tloose) 8.37*
Short Clear Sides (bid.).. 9.00
66*
66*
1.60*
1.70*
17.12*
1/7*
5.12*
Grain Statistics.
Total clearances of wheat and flour were
equal to 187.000 bushels. . ,
Primary recelpta were 383,000 bushel*,
compared with 314.000 bushels the corre
sponding day a year ago.
The World's visible supply as shown by
Bradatreet’s Increased 1,750,000 bushels.
Estimated receipt! for tomorrow: Wheat
117 i-are; corn 845 care; oats 140 cars; hogs
36.700 head. »
CHICAGO LIVE STOCK*
Chicago, March 2.—Cattle, receipts esti
mated at 3,000; market strong:
Beeves .#..$4.50 @$7.00
Texas steers .... •• •••• •• 4.00 @ 5.r>0
Western steers.4.00 @ 5-60
Stockers and feeders .. .,3.40 @5.40
Cows and heifers ..... .... 1.90 @ 5.70
Calves .6.00 <# 8Jttf
Hogs, receipts estimated at 18,000; mar
ket strong:
Light ... It*. •..• ••.
Mixed ...» .... ..
Heavy ..
HOUgh . .... a ...a * • •
Good to choice heavy ...
Pigs . .
Bulk of sales .
. 0.05 @ 6.46
. 6.10 @ 6.55
. 6.20 @ 6.60
.6.20 @6.30
. 6.30 (O' 6.60
. 5.20 @6.10
.6.35 @6.50
Sheep, receipts estimated at 12,000; mar
ket steady:
Native .3.25 @5.70
Western . ..3.50 « 5.70
Yearling.* .6.00 @7.15
Lambs, native .... .* .... 5.75 (if 7.75
Western .... ..5.75 @ 7.85
Dally Movement of Produce,
Article* Receipts. Produce.
Flour, bbls .. 27,600 21,600
Wheat, bu. 45.600 63.000
Corn, bu.712.500 423,500
Oata, bu.536.400 385.000
Rye. bu. 4,000 4,000
Barley, bu.129,000 45,500
Cmr Lot Receipts.
Wheat 6o cars, with 22 of contract grade;
Corn 63:: cars, with 7 of contract grade.
Oats 364 cars.
Total re< !pts of wheat at Chicago. Min
neapolis and Duluth today were 277 cars
compared w 1th 801 cars last week and 185
cars the corresponding d&v a year ago.
Produce Market.
Butter, steady; creameries 22 & 28c; dairies
20@25c.
Eggs, steady; at mark cases included 19Vi
20‘ac; firsts L’QVic; prime firsts 21V*c.
Cheese, strofig: Daisies 15^@16c; Twins1
14 Vs @ 15c; Young Americas 16 (if Vic; Long
Horns 14V*ij Vic.
Potatoes, steady; choice to fancy 88@80c;
fair to good 85@87c
Poultry firm; turkeys 17o; chickens 14cf
spriigs lBVsc.
Veal steady, 50 to 60 lb. wts. 6V4@7c;j
60 to So lb. vts. 8@9c. S5 to 110 lb. wts. ,
8@10Hc.
KASHA* CITY LIVE STOCK.
Ivannas City March 2.—Cattle receipts t,
000, Including 300 Southern; strong:
Native steers .$4.60 @$6.60
Southern steers.4.35
do. cows . .. .". 75
Native cows ar d heifers .. 2.40
Stockers and feeder* .. ..3.60
Bulls ..3.00
Calves . 3.50
Western steers.4.7R
Western cows . ..3.00
Hogs, receipt* 14,000; 5c higher:
Bulk .6.10 <§
Sheep; receipt* 8,000; nteady :
Muttons .4.50
Lambs .6.75
Range wethers .4.25
Fed ewes. 3.00
6.00
@ 4.75
@ 5.7 5
5.40
4.75
f(p 7.50
6.25
5.25
6.35
<3>.
<9
&
5.83
7.50
7.00
5.35
german honey.
Berlin. March 2.—Exchange on London 20 1
marks 611.4 pfennigs for checks.
Discount rate-*. Short bills 2 4 per cent.; 1
three months bills 2% per cent.
METAL MARKETS.
New York, Match 2.—There was an ad- j
vance of 3s in the London tin market toe!
day with spot quoted at £130 6* and futures
at £131 5s. Local market quiet but a little
hlghor at $28.62 ... @ 88 4 .
London market for copper was 10s high
er with spot quoted at £57 17s 6d and fu
tures at £58 12s 6d. Locally, market was
firm In tone, slowing the Influence, appa
rently of the large sales reported recent —
Lake was quoted at $12.87 4 fu $13.12 _
[electrolytic $12.50976; and casting at ;
$12.37 Vs—62 V* .
Lead was lower at £13 8s 6d In the Lon
don market. Local market unchanged.
Hpelter was un hangde In both markets.
The English Iron market was a little
higher as 47s 1 4d for Cleveland warant*.
Locally no change was reported.
CINCINNATI PRODUCE.
Cincinnati, March 2.—Flour steady.
Wheat firm $1 27 @28.
Corn esier C7@ ’ao.
Oats ouster 55<o 'jc.
Rye quiet 8K&*.*c.
Provisions steady.
Whiskey steady J1.35.
Butter easier; Creamery 32 6? 1 jo; do.
firsts 30 4 @31 4c dairy 18@21c.
Eggs easier 17<frlt»c. S
Poultry steady, unchanged.
THEASIRV BA LA NC EH.
Washington. Mar n 2. Today's statement
i of the treasury I alances in the general
' fund shows:
Available cash balance.$1736.826,657
i Gold coin and bullion .... •••• 37,104.411
Gold certificates. 47.848.550
Seven Year* For Coffey.
San Francisco. March 2—Ex-Super
visor M W. Coffey, who was found
guilty recently of accepting a bribe
in connection with the granting of a
trolley franchise to the United Rail
roads was today sentenced to seven
years imprisonment.
THE STOCK -MARKET
Nsw Tork, March I—A contact for
tdvanUf* batwaaa tha profaaalonnl
factlona In tha speculation made up
the etook main at almost altogether to
day. Forward and backward move
manta altarnatad all day; not going
far In althar direction bat with a dlng
ilng degree of activity that argued
crowing languor of the speculative In
teraat. Davelopmanta were not Im
portant, although tha naw from tht
matal trade* waa watched with keen
attention.
Another advance In the price of re
fined copper both In London and at
the New York metal exchange was re
garded as confirmatory of reports of
an Improved demand. The extent of
demand was a auoleot of dispute and
the price wae loked upon with torn*
expressed suspicion of manipulation.
The conviction Is strong that when
the decline In the metals has reached
Ita limits, there will be a large wait
ing demand developed which will lead
to early trade revival. The lack of
faith In the effectiveness of the
_____recov
ery In copper was Indicated by the
languid movement of the copper Indus
trials in connection with the news
Reports from the steel trsde also In
dicated that the cut In prices had
brought out some orders, but ths
amount was declared to be small. The
effect on sentiment was offset by the
announcement of posting of wage re
ductions In the Lackawanna Steel
works at Buffalo, the news having a
somewhat ominous Influence. The wage
question received additional considera
tion by reason of the statement pub
lished In behalf of the anthracite op
erators. The refutation offered claims
foi inula ted by the miners waa evi
dently an announcement of a refusal
to comply with them. The motives for
the early selling of rtocks were found
In these developments. The selling
showed signs of raiding tactics by
the bears and the prompt recovery con
firmed this view. The special weak
ness of Erie was due to the applica
tion to the public service commission
for modification of the terms permit
ted for the proposed bond Issue. The
Union Pacific and Southern Pacific net
earnings statement for January were
utilised to push the rally, but the
movement was totally without enthus
iasm.
The reduction In operating cost also,
was mors moderate than for some re
cent months.
Except In a few Southern railroads
the roads thus far reporting show an
lncreaao In the expense Item, compar
ed with January of last year, with
corresponding modification of the In
fluence In net earnings. This Increase
In expenses In several esses whs so
considerable as to ovet-welgh the gross
Increase and make the net return less
than even the meagre return of Jan
uary last year. Canadian Paelflc, C.
and N. W., and M. K. and T.. were
cases In point. Strength In Individual
minor stocks was a sustaining Influ
ence In the later market. Hopeful ex
pectations of the Incoming adminis
tration also were professed by the pro
fessional buyers of stocks. The dull
ness approached stagnatlton at times
during the day, but the latter advances
were held.
Bonds were steady. Total sales, par
value, 13,580,000.
United States bonds were unchang
ed on call.
CLOSING STOCK LIST.
Stock*;
I Sales (High.| Lovr.JCle^#
I | | I Bid.
AmaL Copper .. .
Am. Car ft Fdy. ..
do. pfd.
Am. Cotton Oil ..
Am. H. 4 L pfd.
Am. Ire See.
Am. Linseed .. ..
Am. Locomotive ..
do. pfd.
Am. Sm. & Rfg. ..
do. pfd.
Am. Sugar Rfg. ..
Am. Tob. pfd. . t
Am. Woolen •• ..
Ana. Min. Co. ,...
Atchison.
do. pfd.
Atl. Coast Line ..
Balt. & Ohio .. ..
_ do. pld.
Brooklyn R. T .. .
Can. Pacific .
Central Leather ..
do. pfd. ., ..
Central of N. J. ..
Ches. A Ohio .. ..
Chi. Ot. West.
Chi. & N*wcst.
Chi.. M. A St. p.
C. C. C. & St. L.
Col. Fuel St Iron ..
Col. A Southern ■.
do. 1st. pfd. ..
do. 2d pfd. ..
Consol. Gas ,. ..
Corn Prod. .. ..
Del. & Hudson ..
Denv. & R. Or. ..
do. pfd.
Distillers' Sec. ..
Erie.
do. 1st. pfd. ..
do. 2d pfd. ..
Ge.n Electric .. ..
Gt. N. pfd.|
Gt. N. Ore Ctfs. ..
Illinois Central ..
Gt. N. Ore Ctfs. ..
Illinois Central .
Inter. Met.
do. pfd. .. ..
Inter. Paper .. .
do. pfd.
Inter. Pump .. ..
Iowa Central .. ..
K. C. Southern ..
do. pfd.
Lou. & Nash.
Minn. & St. L
M. 8. P* & S. 8. M.
Mo. Pacific .
Mo.,^K. & Texas ..
Nat.' Lead.
N. T. Central ..
N. Y. O A W. ..
Norf. & West.
North. Amer.
North. Pacific ..
Pacific Mall .. . .
Pennsylvania .. ..
People’s Gas . . . .
P. C. C. & St. L. . .
Pressed Steel Car
Pullman Pal. Car
Ry. Steel Spring . .
Reading.
Republic Steel ..
do. pfd. . . ..
Rock Isl. Co. ..|
do. pfd.
S.L. & S.F. 2d pfd.
St. L. S'west.. ..
SI. Sh.' St. & * ir.* *. .
Southern Pacific ..
do. pfd. ..
Southern Ry. .. ..
do. pfd ... ,*
Tenn. Copper . . ..
Texas A Pacific ..
Tol., S. L. & W. ..
do. pfd.
Union Pacific .. ..
do. pfd. .. ..
IT. S. Rubber ., ..
Utah Copper .. ..
V. C. Chemical ..
do. pfd.
Wabash.
West'h. Electric ..
Western Union ..
Wheel. & L. E. . •
Wisconsin Central
Aran. T, & T. . .
U. Sj* Htoel .. . .
.
Total sales .. ..
2,900
•00
€,400
63%
515
43,900 7194 70% 71%
7.000 60% 48% 50%
.... 110
62% 62%
38 38
38 38
-- 18
1.000 62% 62% 62%
.110
12.800 84% 82% 84%
200 103% 103 102%
500 129 128% 129%
300 91 % 91 01%
. 17%
2.800 42% 41% 42
19,600 104% 102% 104%
200 102% 102% 102% j
.118%
2,500 108% 107% 108%
. 98%
3,000 73% 71% 73%
1.100 167% 187% 187%
10.800 27% 25% 27%
101
215
7,700
300
8.800
800
2,400
300
300
700
1,200
5,100
200
L300
4,400
600
600
2,500
1.800
200
1.8Q0
200
6,100
8,200
66
177%
146%
78%
34
63%
82
80
127%
45
88%
33%
28
42%
165%
141%
69%
142
69%
142 |
15%
42%
• 6%
177
148%
77
33
63%
81%
78%
126%
44%
86
36%
27
41%
154%
141
68%
142
68%
142
14%
40%
t00| 52 %| 62
200
7.900
2.900
300
200
100
700
6.400
200
2.000
3.600
3.500
1.500
1,500
3.900
1.3U0
8,700
100
1,300
200
82,400
700
300
29%
43
72%
129%
56%
140%
69
40%
73
76
124%
45%
87%
87%
138%
34%
130%
89%
37
43%
29%
n
129%
55%
140%
68 %
39%
73
75
123%
44%
87
80%
137%
33
129%
89%
34%
•K
177
143%
78
81%
lift
17%
173
44%
86
36%
28
42%
32%
166%
141
68
141.,
6tf%
141%
15%
42%
10%
62
36%
29
42%
72%
129%
53%
139
68 %
40%
73
75%
\*i*
87
85%
138
33
129%
111
80%
37
169
43%
126 % i 123 % 125 %
20% 20%, 20%
74%! 74% 73
1.200) 23 % | 23 % ! 23%
1.300! 63%! 61%
300 37%
10,400
1,100
800
1,600
200
400
1,400
800
59.600
200
100
800
700
1,000
400
118%
121%
24%
63%
38
32%
46
68%
176%
94%
29%
42%
17%
45%
'8%
| 400) 66
20.600J 51%
1.000)128%
84.800| 45%
3,600 111% 110%
I- I -.1
555,6001 |
37
117%
121 •*»
24%
62%
38
31%
44%
67%
174%
94%
29%
41
17%
45
78
66
48%
128%
44%
62%
37
2*
51%
72
118
121 %
24%
63%
37%
32%
46
68%
175%
94
29%
43
44
113
17%
45%
78
65%
9%
50%
128%
45%
111
I
MEW YORK BONDS.
U. S. rofg. 2s. reg . «.181
do. coupon .... ....101%
U. S. 3s. Veg .100%
do. coupon.... ..101
U. H. 4s. ... ..119
do. coupon.... ..130
Allis-Chalmers 1st 5s . .. 81%
American Agricultural 5s .,....99%
Am. T. & T. cv. 4s .9£%
American Tob. ..76
do. Ss .... ... 106 %
Atchison 8pn. 4s . . .101%
do. Short Line 1st 4s.. .. 95%
do. cv. 4s .105%
do. cv. 5s . 107%
Atlantic Coast Line 1st 4s.97
Baltimore & Ohio 4s .100%
do. 3%s .. .... ........ 03%
do. S. W. 3%s..91%
Brooklyn T. cv. 4s. 84%
Canada Southern 1st 6s.106%
Central of Ooorgia 5s .110%
Central Leather 5s .97%
Central R R. of N. J gen. 5s.Us
Ches. & Ohio 4%s. 103%
Chicago & Alton 3%s. 75
c. B. & Q. Joint 4s . 98%
C. M. Afc St. F. gen. 3%s.91%
C. R I & P. R .R. col. 4s.79%
ilo col. os.90%
do rfg. 4s .93
C C. C. & St. L. gen. 4s .. .... •• 98%
Col Midland 4s . ••• ..85%
Col. 6r Southern ref. A ext 4%s .... 99%
Del ,<« Hudson cv. 4s .101%
do. 1st ref 4s.103
Den\ . A R. Ur. 4s .... .... . 97
do 5s . .... ..94
Distillers 5s . 77
Erie prior Hen 4s.87 %
do. gen. 4h . .. 78
do cv. 4s aer. “A" .... .... 72
do cv. 4s ser. *'B”.62
den Electric cv. 5a .140
Illinois Centra! 1st. ref. 4s .101
Interhorough Met. 4%s.79
Inter. Merc. Marine 4%s.73%
Japan 4s ..
do. 4%s 92%
do. 2nd Series . 92%
K. C. Southern 1st 3a .94%
Lake Shore deb. 4s (19311 .... .... •• 95%
Ton 6t Nash. Unified ... .-103
I
Syfvaen
a p.
Lout a Farfey President.
* ICC I * vwJdl«
Vie# President,
TlsNowFarloy
“—“*—nory, Alabama
Surplus and Undivided
1—l!i
rroTits ■ •
Shareholders Liability
Total •
We Invite Your Account
Every facility extended
Safe, conservative, yet
with sound, conservative
and accommodating.
Try Us
Report off the Condition of \
THE CITY NATIONAL BANK OF SELMA,
SELMA, ALABAMA.
at
Loui Ul Dtsoounts
Lotas tad Dlooooala (Damaal)
V. I. Band* (to Moart etrovlo
tion) .
Othtr Blanks aal Bonds.
Banking HouM Ul FlattM#....
Premiums _ _ _ _
CASH:—
Dot From Banks... Mjj.ttt.ll
U. B. Bonds
Alsbnms_
Cosh In Vnnlt
U. 8. Traaanrar t Bar
Ito.
in.lt
TO
lll.lll.il
mm it
ii.ooo.oo
10.T50.00
•ant (and
*.100.00— 1.1IMI4.I*
U.llMtt II
LIABIUTXB&
Capitol Stock .. IM.HIH
Surplus ana Profit! ......... *17.11171
Ctrentotlon .... ... m....... lfl.Mt.OI
One Depoaftora and Banka *
«i.*st,iM.e(
Sheldon-Salisbury Audit Co. 1
Certified Publlo Accountants
■•1 B.U Bull din*, Montfom.ry, AlL, Phon. ISIS.
AUDITS SYSTEMS EXAMINATIONS
(r . ^
Maintaining a just balance between Conservatism ami Progress
Tbs Penn Mutual Life Insurance Co.
1 ' . \
has furnished insurance satisfaction during sixty*two
years of corporate existence.
A company’s reputation is an agency asset—a Penn
Mutual representative has the foundation of success in
the record of his Company.
BRANCH & POWELL, General Agents
Montgomery, Ala.
^ -J *
Mo., K. * Texas 1st t> ,
do. let and ref. 4s
do. gen. 4 Via .... .
Mo. Pacific 4a .
N. T. Central gen. (Vis ..
do. deb. 4a .
N. Y. City 4Vis (new)..,
N Y. N. H. * H. cv. «a
.. T»V4
.... St
.. >4
.... 8214
.... *2)4
....9*
..*.111*
..1*4
Norf. & West. lat. oon. 4a.t»
do. cv. 4e .. ....*• Vi
Northern Pacific ... ..10:Vi
do. Se .. ..... 24 Vi
Oregon Short Line rfdg. 4a.95
Penn. cv. 8 Via. <1»16> .*9%
do. con. 4e . ......10414
Reading gen. 4a.. ....,-.100
fit. L. * 8 F. fg. 4a .. .... 8*14
fit. L. S'west. con. 4s .78*
fit. L S'west. lat gold .*4Vi
Seaboard Air Line 4a .86*
Southern Pacific col 4s .... .... *8
do. lat. ref. 4s .... ...98
Southern Ry. is. ,....111*
do. gen. 4a. )9V4
Union Pacific .. 103*
do. 1st. & ref. 4a .»«*
17. 8. Rubber 8* 102%
U. fi. Steel 2nd. 5a ...
V. C. Chemical 5s.96%
Wabash lat 6a . .....112*
do. 1st. & ext. 4a.. 74%
Western Md. 4a .84
West'h. Electric cv. 5a.92*
Wisconsin Central 4e .... ..
Deny. h R. Or. 5a .*..94
HI WEATHER.
united States Department of Agriculture,
Weather Bureau. Local Observation
(Central Time.)
Montgomery, March 2, 1909.
Hi
I Wind
emp. Ijjr.hr.
R*l« I State of W«tth«r
In. A | nnd direction
10 Ottos. I
of wind
7 a m.i 87.5 I 12
7 p.m.j «J> 6 I 4
.01 I Lt. Rain—N.E.
.12 | Clear—Went.
Maximum temperature for day, 74 deg.
Minimum temperature for day, 66 deg.
Average temperature for day, 65 dear.
Normal temperature for day, 54 deg.
Accumul. excess elnce Jan. l, 263 deg.
Aver, relative humid, for day, 77 per
inched
Total rainfall since Jan. 1, 11.30
Wilt BULLETIN.
ITATION*.
I Flood | Q age V
IStage ] Rea da I
I IVa.m.1
r.j Rala
I. *4
Gadsden .. e •
Wetumpka . •
MiUtead .... .
Montgomery ..
Rising
x—Falling.
RIVER FORECASTS.
The upper Coosa will rise very slightly,
or remain stationary; the lower Coosa and
the Alabama will continue to fall slowly.
WEATHER CONDITIONS.
The low' baromsfir area that was central
SjjrfsSSJ aawT5«¥“ ;;“ai
other barometric depression novtnr ea«t*
SfT4sarnlSrl£ «5a?S
“K££HsF^
ro"Ul and W^nVeday.'" Alab*“‘ dUrln*
Temperature and pr.clplt.tlon reporte from
•elected Southern station* For the 14
hears ending at 7 a.m, *
__ March Id. 1909.
L Temperature
Via I Mas.
Pr*olp
hatloa
leohe*
Atlanta..
Augusta .... .
Charleston ....
Corpus Christ!
Fort Smith ....
Galveston ....
Jacksonville ...
Key West ....
Knoxville ....
Macon .
Memphis.
Meridian ....
Mobile .
Nashville ....
New Orleans ..
Norfolk .
Palestine.
Savannah ....
Vicksburg ....
Washington ..
Wilmington ..
50
50
54
62
44
. .1 62
60
68
48
54
62
60
68
50
64
44
68
64
62
42
62
62
66
64
76
72
70
70
78
66
66
68
72
68
64
70
62
80
66
72
46
60
.28
.13
T
.00
.Oil
.00
.02
.08
.38
.04
.10
.12
.04
.44
.02
.01
.00
.06
.00
.14
T
hlete—T indicates trace of preclpltatlaa.
FRANK P chaff**.
Kectloa Director. Weather Bureau
ST. LOUIS LIVE STOCK.
fit. Louis. March 2.—Cattle receipts 3,5001
including 1,300 Texans; steady:
Native beef Steers.$3.50 ©$7.00
Co a s and heifers.3.25 & 6.00
Calves .6.60 © 8.50
Texas and Indian steers .. 3.50 O 6.30
Hogs, receipts 9,500; 5®10o higher:
Pigs and lights . r. 4.26 © 6.46
Packers .6.00 © 0.4d‘
Butchers and best heavy 6.20 © 6.HO
Sheep: receipts 3,500; steady:
Native muttons .3.75 © 5.50
Lambs.6.00 © 7.75
SUGAR MARKET.
New York, March 2.—Sugar raw steady;
fair refining 3.23%; centrifugal 96-test
3.73*4; molasses sugar 2.5i%; refined
steady; crushed 5.85; powdered 4.75; gran
ulated 4.65.
Petroleum steady; refined all ports $8.46
©$8.50.
Coffes steady; No. 7 Rio 8%c; No. 4
Santos 9c.
Molasses quiet; New Orleans 28©42c.
I
i
—U. S. Government Bonds—
Are no more attractive to the INVESTOR
than a SAVINGS ACCOUNT with this bank.
In addition to the regular 4 PER CENT IN
v TEREST—paid half-yearly—your money is
here subject to check at any time that you may
need it—and is always ABSOLUTELY SAFE.
Union Bank & Trust Co.