The Montgomery advertiser. [volume], January 18, 1916, Page EIGHT, Image 8

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

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MARKET IS
STEADY M CLOSES
' A FEW POINTS UP
Trading Is Restricted by
■ Pessimistic Feeling Re
garding Foreign Trade
and Jloom *
NEW ORLEANS, Jan. 17.—Cotton was
steady on the local market today but trad
ing was restricted by pessimistic feeling re
garding foreign trade. While * no selling
power of consequence developed, advances
were not well sustained Around the open
ing the trading months were sent up on
good cables for a gain of 7 points; this
was followed by a sag back to almost the
level of last week’s close. Late In the day
a little more strength was shown, but the
•Idse was only 2 to € points up, October
Shdwlng the most gain.
Foreign exports for the day were only
19,599 bales, while total foreign shipments
thus far this week amounted to only 14.699
balsa This led to the argument that tne
export situation was getting worse Instead
of better. 8ome of the selling of the day
resulted from the claim by freight hgents
that almost no ocean room could be had
oui of this port. One agent reported n
little March room for Liverpool at 915 a
bale.' 8pota were steady and unchanged at
12.19 for middling, as compared with sales
eft January at 12.08, but trading was light.
DAILY COTTON MARKET
Fort
Mo^bment.
| Re- | Hx- (Sales!Stock.
(c’pts.lports.1
&ew Orleans, 12.19.
Galveston, 12.50 ... ,
Mobile, 11.88 .. ..
Savannah, 12.25 ....
Charleston, 12.00 ...
Wilmington.
Texas City.
Norfolk. ,12.00 ....
Baltimore.
Boston. 12.60 ..
Philadelphia. 12.75..
New York. 12.60 ...
Minor Ports.
] 2678
I 7301
! 196
2306
679
890
3240
2401
884
•9
6078
1021
6078
416
3889
425
1248
1800
377
447714
383825
23036
225460
95511
45209
130897
3122
11200
8285
385157
64851
Total today, receipts 27,131; exports 13.
699; stock 1,773,257.
Total for week, receipts 63.661; exports
14.699. __
Total for season, receipts 4,606,808; ex
ports 2,561,171.
Interior
Movement.
| Re- (Ship
Ic’pts.l m’.ta.
|Sales|8tock.
I
Houston. 12.50 _ 14304 10093
Memphis, 12.88
Augusta, 12.90
•St. Louis. 12% - 886
Cincinnati. 293
Little Bock. 12.38 . | 599
Dallas. 11.96 . . . .
Montgomery. 11.81.
5259) 6858
488) 1419
886
1241
740
3076
2900
1742
200
740
220181
842427
190614
18551
17951
89084
Total today, receipts
20.748; stock 836.388^
21,837; shipments
. NEW YORK COTTON
NEW YORK. Jan. 17.—The cotton market
was very quiet today with March contracts
selling off from 12.57 to 12.50 and closing
at 12.52. The general list closed steady at
a net advance of 3 to 10 points active old
crop deliveries being 6 to 6 points net
higher.
The market opened steady at an advance
of 7 to 9 points in response to higher Liver
pool cables, i The strength abroad, however,
seemed to create very little*, buying power
around the local ring and prices soon turned
easier. After selling at 12.79 May , con
tracts eased off to 12.72 during the middle
of the day. while July declined from 12.90
to 12.85 and October from 12.79 to 1274.
It seemed from the talk that the firmness
abroad had served to emphasise the diffi
culties of the export situation and there was
probably scattering liquidation by recent
local buyer* who had expected some action
bn the part of the British, government to
icarelty of ocean tonnage ot* td
relieve the scarcity
limit freight rates. There was also selling
here for Wall SW«*t amount j
Liverpool was a moderate buyer utinalF the
first hour, there was very little support
around the ring.
Closing prices showed rallies *f 1 to 1
points from the lowest on covering. Bullish
reports from the domestic goods trade at
tracted some attention but evidently failed
to stimulate demand and the Interest of the
trade appeared to center on the export sit
uation or on the probable effect of ap
proaching new crop preparations on the at
titude of remaining spot cotton holders In
the south. Private cables reported a small
but strong market In Liverpool owing to the
absence of hedging and generally small of
ferings. The Liverpool buying here was
supposed to be for the purpose of undoing
straddles at the wider differences and not
withstanding the local setback. Liverpool
held steady after the opening of the Amer
ican markets.
NEW ORLEANS SPOT COTTON.
NEW ORLEANS. Jan. 17.—Spot cotton
■toady and unchanged, gales on the spot
415 bales; to arrive none.
Good ordinary.10.49
Strict good ordinary.11. OR
.Low middling. 11.69
Strict lowm lddllng.11.94
Middling.12.19
Strict middling. 12.44
Good middling.* ..12.76
Strict good middling.... A.. *...13.00
Receipts 2,678; stock 447,714.
• COTTON FUTURES
NEW TORE, Jan. 17.—Cotton rotor on
dosed steady.
Open. High. Low. Close.
January.17.40 J2.38 12.82 T5 36
March.12.55 12.57 13.60 12.52
May. 12.77 12.79 14.72J2.76
July. 12.89 18.90 12.85 12.$7
October . 12.78 12.80 12.74 12.78
December. 12.87 12.92 12.86 12.91
NEW ORLEANS, Jan. 17.—Cotton futures
closed steady at a net advance of 2 to 6
points.
Open. High. Low. Close.
January . 12.17 12.08 12.08 13.08
March. 12.89 12.40 12.38 12.35
May. 12.88 12.68 12.62 12.68
July. 12.84 12.85 12.79 12.SO
October . 12.69 12.89 12.63 12.67
Dacember. 12.78 12.83 12,80 12.82
NEW YORK SPOT COTTON.
NEW YORK, Jan. 17.—Spot cotton quiet'
middling uplands 12.50; sales 300 bales.
LIVERPOOL COTTON
LIVERPOOL, Jan. 17.—Cotton spots firm.
Good middling.8.67d
Middling.ft. 24d
Low middling.7.84d
Sales 12,000; 1,500 for speculation and
export. Receipts 3,000.
Futures closed quiet.
January. ...8.01 Vi
January-February.8.01 Vi
February-March.*.7.99
March-April. 7.96*4
April-May...7.92
May-June.... ..7.88
June-July.7.83V4
July-August......
August-September.. ..7.65
September-October.. ..7.47*4
October-November...7.40 Vi
November-December. .7.34
December-Januarw.7.29
CHICAGO PRODICE.
CHICAGO, Jan. 17.——Butter steady;
creamery 23 #30 4.
Eggs higher; receipts 2,479 cas*s; firsts
32#32 *4c; ordinary firsts 31 #3114c; at mark
Cases Included 32®43c.
Potatoes steady; receipts 45 cars; Michi
gan. Wisconsin, Minnesota and Dakota white
$1.00®f 1.10; Minnesota and Dakcta-Ohlo's
$1.00® $1.05.
Poultry, ulive higher; fowls He; springs
laV&c; turkeys 18c.
NAVAL STORES
£ A VANN AH. GA., Jan. 17.—Turpentine
firm, 55®55*4c; sales —; receipts :. ship
ments —J Stock 32,666.
Rosin firm; sales 573; receipts 1,672; ship
ments —; stock 106.388.
Quote: A BCD and E 16.36; F and O
$6.40; H $6.46; 1 $6.66; K $6.00; M $6.20.
K $6.16; WO $7.10; WW $7.60
r
Local Cotton
Official quotation! of the Montgomery
Cotton Exchange aa baaed on actual trade*
crfade yesterday are given below. Wber*
no sales are officially scheduled the quota
lions ar* 'of the business transacted on the
day before.
Middling fair.13.81
Strict good middling.12 . bk
Good middling.11.31
Strict middling.11.M
-Middling.11.81
Strict lew middling.11.11
Low middling.18.11
Strict good ordinary.18.81
Good ordinary. 8.81
Sales officially reported, none.
Trading was at a standstill In the cotton
market yesterday, not a single bale being
aold according to official report. Quota
tions remained at 11.81 for middling.
Shortage of Supply.
That the coming March liquidation will
have considerable bearing on contracts and
spots, Is accepted aa being shown by the
present hesitation of the markets, and this
also Is accepted as the reason why, for the
time being, bullish sentiment finds Its ex
pression rather In distant positions shown
by the widening of premiums of new crops
of March.
While, for this season, there Is a co%
crete case of shortage of supply and great
trade activity, nothing definite Is known for
the coming season, and most likely there
will be a considerable change later on In
the price relation of the two crops. The
firmness of spots is still the main hold to
the market In contracts.
Spots Reported Firm.
Spots w$re reported firm this morning
at quotations, but the demand was light.
Futuree sagged in the second hour to Satur
day’s closing prices, and the market ap
peared chill add neglected.
A freight report'to a New Orleans agent
said: “No room anywhere, except a little
for Liverpool for March at $8 per hundred/*
Exports were 13.800.
Liverpool Strong.
Liverpool showed a strong market yester
day morning with futures as much as 11
points up. and spot prices 12 higher; sales
12.000 bales. The demand Tor cotton from
Lancashire, together with cable advjces re
ceived Saturday that liquidation was over,
should account for ,£he strength, although
It may be partly on political views.
Factories Unwilling Sellers.
Reports to the Journal of Commerce were
that manufacturers are unwilling sellers,
owing to scarcity of supplies. The govern
ment was reported still dealing out large
contracts for heavy goods. Mills are work
ing night and day In the New Bedford dis
tricts, and dry goods markets say It Is a
question of securing supplies rather than a
matter of price.
I
SELMA COTTON MARKET.
(Special to Th* Advertiser.)
SELMA, ALA., Jan. 17.—The Selma cot
ton market was today quoted as follows:
Good middling.12%
Strict middling .... .12V*
Middling. ..12
Strict low* middling.11%
Low middling...11
LIVE STOCK MARKETS
-Hogs, receipts 7,000;
@$7.30
@ 7.25
@ 7.40
@ E.45
@ 7.05
@ 6.70
CHICAGO, Jan. 17.
Bulk..I_$6.96
Light.6.75
Mixed. ..... 6.90
Heavy...6.95
Rough.. . .... 6.95
Pig". 6.60
Cattle, receipts 23,000; slow*:
Native beef steers .6.50
Cows and heifers .3.30
Calves.. *.7.25
Sheep, receipts 25,000; unsettled:
Wethers.7.25 @ 7.80
Ewes.6.25 @ 7.65
Lambs.8.25 @10.75
ST. LOUIS LIVE STOCK.
@ 9.80
@ 8.40
@10.50
@$7.25
ST. LOUIS, Jan. 17.—Hogs, receipts 14,
000; higher;
Pigs and lights.$6.00
Mixed and butchers.7.10
Good heavy.7.25
Cattle, receipts 4,400; higher:
Native beef steers. 7.60
Yearling steers and heifers 8.60
7.30
7.30
8tockers and feeders
Texas and Indian steers
C<*vs and heifers
.. 3.70
.. 5.00
.. 5.25
4.00
@
@
Native calves.6.00
Sheep, receipts 1,300; steady:
Yearling wethers.8.00
9.60
9.35
7.00
7.25
@ S. 50
@ 6.50
@10.50
Lambs.
9.00
6.25
ftt 9.25
@10.66
7.26
^ * P V
KANSAS crtV ^TOCK.
@$7.15
@ 7.20
@ 7.15
@ 7.05
@ 6.65
@ 9.25
S CITY XJVE STOCK,
KANSAS CITY, Jan. 17.—Hogs, receipts
9.200; higher:
Bulk...$6.90
Heavy. 7.05
Packers and butchers .. 7.00
Light. 6.90
PIS*.6.25
Cattle; receipts 12.000; higher.
Prime fed steers .8.60
Dressed beef steers.7.00
Southern steers.6 00
Cows.4.60
Heifers. 6.00
Stockers and feeders.6.00
Bulls.5.50
Calves.6.50
8heep, recelyts 12,000; steady;
Lambs. . 9.75
Yearlings.. .. ..8.00
Wethers.* •• .. .6 75
Ewes.6.25
@>
@
8.50
7.50
7.25
9.00
8.00
6.50
@10.50
@10.75
@ 9.00
@ 8.00
@ 7.25
RICE MARKET
NEW ORLEANS, Jan. 17.—Both grades
of rice remained unchanged in tone today,
the rough grade being quiet and the clean
steady.
Receipts: Rough 4,504; millers 4.604; clean
2,604.
Hales: 2,199 pockets clean Honduras at
3 1-16#4%c>4 130 pockets Japan at 344c.
Quote: Rough Honduras $2.10^33.75;
Japan $2.70$4 00; clean Honduras 4$)5c;
Japan 3H04Hc.
Rice polish per ton $25 •§ $26; bran $16 @
$1«.
INJURY TO HIS SPINE
CAUSED SON TO PLOT
HIS PARENTS’ DEATH
Irving Updike Considered
Mental Defective by Ex
perts Who Investigat
ed the Unusual Case
(AuorlaM Prrw.)
CHICAGO, Jan 17.-—Mental Infirmi
ty, the result of a boyhood Injury, In
the opinion of Furman D. Updike and
his wife, caused their son Irving to
plot against his parents' lives. Irving
Updike was taken to the police station
in Oak Park last night after the local
police, by means of a hidden telephone,
had listened to Herbert Updike, a
younger brother of Irving, discuss with
him the manner in which the attack
upon Mr. and Mrs. Updike was to be
made. The conversation took place In
the Updike garage. A stenographic
copy of it was prepared by a police
stenographer.
The police think the plot was the re
sult of Irivng Updike's fear that his
father was about to alter his will.
Herbert gave the information on
which the plot came to light and It is
regarded by the police as having pre
vented a tragedy in tho Updike house
hold.
Have Confidence.
Ur. William E. Barton, pastor of the
First Congregational Church of Oak
Park, of which Mr. and Mrs. Updike
are members, talked with the young
man today at the police station.
Mr. and Mrs Updike authorized Dr.
Barton to make the following state
ment: '
I "Their son Irving received an Injury
to his spine during his school days,
and sines that time has shown manv
signs of mental unsoundness. At no
time have hie symptoms indicated that
he was dangerous, but the family has
no doubt that this plot was the sole
result of his mental condition.
"His brother Herbert was not a
guilty accomplice, but became an ap
parent acoessory for the purpose of dis
covering and disclosing the plot and
his purpose was successful
“His parents have full confidence in
Herbert and hope that medical, pos
sibly surgical, treatment will bring re
lief to their son Irving.”
STOCKMARKET IS
FEATURED BY LACK
OF PUBUCINTEREST
Mercantile Marine Securi
ties Prove to Be Substan
tial Issues of the Day
and Rise
NEW YORK. Jan. 17.—The most note
worthy feature of today’s variable market
waa the absolute lack of public Interest.
Trading was active and broad during the
forenoon with a confusion of gain* and
losses, but .tapered off to less than nominal
proportions toward the close of the session.
Some of 'the more speculative Issues, In
cluding American Coal Products, Inter
national Nickel and United States Industrial
Alcohol, ascended to quotations never before
attained, this also being true* of Mercantile
Marine securities. In fact, Marines were
the substantial issues of the day, the com
mon rising 1% points to 22%, *he preferred
8% to 86% and the certificates % to 101%.
There was no news to explain the con
tinued rise of the marine Issues but It is
believed that the details of the reorganiza
tion plan are well on towurd completion
and that the shareholders will receive far
more consideration than waa thought likely
a few weeks ago.
Most of the war shares ruled slightly
over last week’s final prices and there was
a steady though moderate inquiry for Cen
tral Leather, American Hide and Leather
preferred, Pullman Car, National Lead,
United Fruit und such utilities as Western
Union and People’s Gas.
United States Steel reflected pressure of
the same character as marked recent deal
ings in that stock but Bethlehem Steel was
more active after Its Initial decline, closing
at 488, a gain of 9 points. Oils and cop
pers were under the Influence of Mexican
conditions and rails displayed little anima
tion except toward the close, when minor
shurcs, especially Minneapolis and St. Louis
common and preferred, fcroke sharply.
International stocks were again at marked
depreciation in London compared with last
week’s closing prices and additional selling
of the Pacifies and coppers was reported for
foreign account. Ekchange markets were
dull with firmness in sterling and a slight
shading In rates on Paris and Berlin.
Marine 4 %’s were almost the sole source
of strength to the bold market, other active
Issues manifesting an uncertain trend Total
sales of bonds, par value, were $o.0< 0,000.
United States bonds were unchanged on
call.
CLOSING STOCK LIST
Stocks:
Sales in |Hlgh.|Low.|Close
hundreds.! I_I_
63*4
71
AUts-Chalmers.181 29 | 28%
Amor. Beet Sugar .... 2j 68 | 67%
Amer. Can.94; 64%
Amer. Car A Foundry.. 4R| 72
Afner. Cotton OH . 16 i 67 %| 56
Amer. Locomotive .... 22 66 %! 66
Amer. Smelting. 77 106%!105%
Amer. Sugar.1.1.
Amer. Tel. A Tel.. .. Sjl28 !127%
Amer. Tobacco . 8)202 %'202 %
Anaconda Copper .. .. 48j 89 %| 88%
Atchison. 81107 %jl07 1107
*28%
67%
63%
71
66%
66%
106
114%
128
202%
Atlantic Coast Line
Baldwin Locomotive .. 891112%
Baltimore & Ohio .... 19| 94%
110
94%
113%
110%
94%
Bethlehem Steel.161488 |470 |4$8
88
179%
65%
65%
101
18
Brooklyn R. T. 2
Canadian Pac. 8
Central Leather.102
Chesapeake A Ohio ..... 30
Chi., Mil. A St. Paul.. 6
Chi.. R. I. A Pac. Ity.. 53
Con. Gas.18)144
Continental Can .. .. 11 84
Crucible Steel.165) 70
Erie.62) 41%
General Electric. 93)178%
Great Northern pfd.[124%
Great North. Ore Ctfs.
111. Central .
Interb. Con. Corp.. .
Kan. City Southern .
Lehigh Valley. 3l 80%
Louis. A Nash. l|130
16 49%
2 107%
9) 19%
6' 31
87%
178%
53%
64%
100%
17%
142%
| 84
| 68
41%
175%
124%
48%
107
19%
30%
80%
130
87%
178%
54%
65
100%
17%
143%
84
68
41%
176%
124%
48%
107
19%
30%
80%
130
6%
116%
71%
110%
75%
120%
115%
58%
82%
62%
H3%
69%
109%
76
119%
115%
68%
81%
51%
Liggett A Myers.).).1252
179%
15%
6%
114%
71%
110%
76
119%
115%
58%
82
62
18%
40%
61
166
102%
28
64%
«0%
225
9
187%
65%
86%
117%
79
49%
60
31%
91
67%
148
LbffttA'd * .%
Mis., Kan. A Tex. pfd
Missouri Pac.23
Mex. Petroleum.210
National Lead .172
N. Y. Central .88
N. Y.. N. H. A Hart.. 5
Norfolk A Western .... 21
Northern Pac. 3
Pennsylvania.64
Reading.12
Rep. Iron A Steel. 15
Seaboard Air Line .
Seaboard Air Line pfd....
Sloss Shef. 9. A 1. 1
Studebaker Corp.25
Southern Pao.24
61
167
102%
Southern Ry. 7| 23%
64%
60%
225
9
Southern Ry. pf<!^. ... 2
Tenn. Copper.21
Texas Co. 7
Texas A Pac. 2
Union Pac.15 138
U. S. Rubber.51 j &6%| 56%
U. S. Steel.322| 86%l 85%
U. S. Steel pfd. 3)117%|117%
Utah Copper. 8| 79 %| 79 |
“ ... " 48%
61
155%
101%
23
64%
58%
223
9
137%
Va.. Caro. Chemical ..108| 51
Va. Iron, C. & C..
Wabash Pfd. “B” Ctfs. . 24! 32
Western Union. 371 92 j 91
West. Electric .124) €8%) 67%
United Fruit *. 60 149%'146%
31%
Total sales for the day .'92.900 shares. .
NEW YORK BONDS
U. 8. 2s registered.
U. 8. 2s coupon.
IT. 8. 3a registered.
U. 8. 3s coupon.
U. 8. 4a registered.
U. 8. 4a coupon.
Panama 3a coupon.
Amer. Agricultural 5a.
Amer. Cotton 011 5s.
Amer. Tel. A Tel. cv. 4^b....
Amer. Tobacco 6a.
Anglo-French 5a.
Atchison gen. 4s.
Atlantic Coaat Line Con. 4a....
Baltimore & Ohio cv. 4 4s....
Central of Ga. Con. Bs.
Central Leather 6a.... .
Chesapeake A Ohio cv. 4 4s....
Chicago. B. A Quincy joint 4a..
Chicago. Mil. & St. Paul cv. 6a.,
Chi.. R. I. A Pac. Ry. ref. 4a...
Erie gen. 4a.
III. Central ref. 4a.
Liggett A Myera 5s. ,
Lorlllard 5a.
Isoutavllle A Nashville un. 4a..
Missouri. Kan. A Texas 1st, 4a
N. Y. Central deb. 6s.
Y.. N. H. A Hartford cv. 6a
Norfolk A Western cv. 4 4s
Northern Pacific'4a.
Pennsylvania* Con. 4 4*.
Pennsylvania gen. 4 4s.... ..
Reading.-gen. 4s
Republic Iron A 8. Ba (19401 .
St. Louis A San Fran. ref. 4a..
Seaboard Air Line adj. 5a
Southern Bell Telephone 5s....
Southern Pacific cv. 5a.
Southern Ry. 5a.••• f
Southern Ry. gen. 4a.
Tenn. Copper cv. 6a.
Texas Company cv. 6s.
Texas A Pacific l*t.
T'nion Pacific 4a.
IT. 8. Steel 5a.
Va.. Caro. Chemical Ba.
• *»4
. 99
.1014
.101
.109%
.110
.1014
.103
. 964
.107%
.113
. 96 %
. 94%
. 93
93%
101
1614
ss%
93%
110
054
77
90
100%
101
... 94%
... 784
...117%
...nr.%
. .120
... 92%
...10?
... 101 4
... 954
.. . 96
. . . 71
. . . 69%
.. .100%
. . .107%
. . .103
...72
. . .105 4
... 95%
... 97%
...104%
... 99
MONEY MARKET
1
NEW YORK. Jan. 17.—Mercantile paper
3034. Sterling exchange: 60 day bills
•4.714; demand 4.73%; rabies 4.76%
Francs, demand 5.85; cables 5.84, Marks,;
demand 764; cables 76 4- Kronen, cables
17%: demand 13. Guilders, demand 43%:
cables 43%. IJrea, demand 6.77; cables '
6.76. Rubles, demand 30; cables 30%.
Bar silver 56%.
Mexican dollars 43%.
Government bonds steady; railroad bonds :
Irregular.
Time loans steady; 60 and 90 days 2 4®
%; six months 2% 3.
Call money steadw; ruling rate 1%; clos
ing bid 1%.
LONDON, Jan. 17.—Bar silver 26 %d per
ounce. Money 4% 0 4 per cent. Discount
rates, short bills 54 ft 4 per cent; three
months 5 4 0 4 Per cent.
EXCHANGE DECLINES,
STOCKHOLM. SWEDEN. Jan. 17. via Lon
don.—Exchange on Gtrmany declined from
69.30 to 68.30 and on Austria from 47.00
to 46.50
HMHETIS
i cun. OF BOIL
ELEMEIIT IT CLOSE
I M
All Other Chief Staples—
Corn, Oats and Provi
sions Also Score Gains
During Day
CHICAGO, Jan. 17.—Surprise over the
sfnallnem of an Increase In thw United
Seatee visible supply total had a great deal
to do today with giving the bulls final
control- of the wheat market and so. too,
did prospects of removal of the railroad em
bargo^ on .shipments to Baltimore. Despite
a setback: which took place soon after the
start, prices closed strong. 1 to l%c net
higher with May at $1.28% and July at
$1.22. AH the other chief staples. too,
scored gains—corn %; oats %01 cent to
1%<0%c, and provisions 15 to 52c.
Wheat traders had been expecting a nota
ble enlargement of the visible tupply and
many were compelled to make a quick
change of position when late in the session
figures were posted showing an Increase of
only 72,000 bushels, whereas the increhse
last week was 2,514,000 bushels. A falling
off of 606,000 bushels In the amourit of
wheat on hand at Chicago formed one of
the Items which had not been generally fore
seen. The fact that one of the principal
eastern railroads was scheduled to resume
tonight the unrestricted handling of wheat
shipments to the seaboard at Baltimore be
came known about the same time as the
visible supply total. A further material
handicap to the bears was the renewal of
fears of cold weather damage to unprotected
fields in’ the winter crop belt.
Heuvy selling by leading firms was chief
ly responsible for depression that set in soon
after the opening and continued more or
less in evidence until about midday. The
selling, which nullified for the time being
the infuence of higher prices at Liverpool,
was based largely on reports of Increasing
stocks at Minneapolis and Duluth and on a
substantial gain.
Torn, although at first depressed by pros
pects of larger receipts and by reports of
beneficial rains in Argentina, was afterward
given a decided upturn. The late strength
cume chiefly from talk of reduced stocks in
the east and of chances of improved ex
port demand. Oats tr/tde broadened out
from the start. The seaboard and commis
sion houses were heavy buyers, encouraged
because of better railroad and shipping con
ditions at Baltimore and owing to the wide
discount of oats as against corn. I
Higher prices on hogs helped to life pro
visions. Liberal exports tended also to bring
about an advance.
Grain and provisions ranged as follows
today:
High. Low. Close.
Open.
Wheat:
May .' 1.28%
July . 1.21%
May ..
July ..
Oats:
Muy ..
July ..
Fork:
Jan.19.45
May . 19.83
Lard:
May . 10.83
July . 10.95
Bibs:
Jan.10.70
May . 10.95
78%
78%
50%
49%
1.28%
1.22%
79%
79%
52
49%
1.27
1.20%
78%
78%
50%
48%
1.28%
1.22
79%
79%
52
49%
19.80
20.30
11.22
11.35
19.45
19.85
10.80
10.95
19.80
20.30
11.22
11.35
10.80 10.65 10.80
11.20 10.93 11.20
Cash grain were as follows:
Wheat, No. 3 red.$1.16 @$1.26
No. 2 red.. .. .. 1.28%
No. 2 hard.. .. 1.23% (9
No. 3 hard .1.15% @
Corn, No. 2 wellow nominal.
No. 4 yellow. 72 % <8>
No. 4 *whlte. 72 %0
Oats, No. 3 white.. 47 &
Standard.. 48% @
Rye. No. 2. 99
Barley. 65 <8>
rimothy.. .. 5.50
Clover.10.00
Fork.18.80
Lard.10.75
Ribs. 10.40
1.24%
1.22
73%
48
49%
m 79
<8> 7.75
@18.76
rtf'19.80
@10.95
@10.SO
ST. LOUIS GRAIN.
ST. LOUIS, Jan. 17.—Wheat. No. 2 red
$1.31% @$1.34; No. 2 hard nominal; May
$1.24%; July $1.18%.
Corn, NO. 2.. 74%c; No. 2 white 74 %@
75%c; May 77%c; July 77%c.
Oats, No. 2, 46% @ 47c; No. 2 white 49c;
May 50c; July^homlnal.
KANSAS CITY GRAIN.
KANSAS CITY, Jan. 17.—Wheat. No. 2
hard $1.16091.19; No. 2 red $1.20@$1.25.
Corn, No. 2 mixed 69 %c; No. 2 white 69%
@70c; No. 2 yellow 70%@71c.
Oats, No. 2 white 46%047%c; No. 2 mixed
41042 c.
COTTON SEED OIL
NEW YORK, Jan. 17.—Cotton seed oil
scored new high records on fresh buying for
outside long account, as well as covering by
local shorts Inspired by the pronounced1
strength In lird, light offerings of crude
and the relative firmness in all competitive
oils and greases. Final prices were 10 to
20 points net higher. Sales 87,400 barrels.
The cotton seed oil market closed strong.
Spot.. v... .9.25 bid.
January.9.2009.34
February.9.17 @9.20
March.9.1909.20
April.9.18 09.22
May.9.2109.22
June.9.2309.24
July.9.2909.30
August.9.33@L9.34
COFFEE MARKET
NEW YORK, Jan. 17.—Reports of freer
offerings In the cost and freight markets
from Brasil seemed responsible for some
scattering liquidation or trade selling In the
market for coffee futures here today. The
opening was steady at an advance of 8 to
6 points on covering and some European
buying with May sailing at 7.14 and Sep
tember at 7.35 during the early trading.
Later, however, offerings seemed to Increase
slightly, while there was little support In
evidence with May selling off to 7.05 and
September to 7.30. The close was 3 to 6
points net lower. Hales 15,250.
January.6.81
February..
March. 6.97
April. 7.01
May.. .... 7.05
June.. .. 7.11
July..* ...-7.17
August . •••••7.31
September.7.24
October. 7.31
November.J • 36
December.‘ - *2
Spot coffee quiet; Rio 7’s. 8c; Santos 4 s,
SHc. it was reported that Santos 4‘s were
offered in the cost and freight market at
9c based on English credits.
The official cables reported an advance
of 50 rels in the market at Rio. while Santos
was unchanged and Rio exchange on Ixrndon
was 1-1 «d lower. Brasilian port receipts
53.000; Jundiahy 37,000.
SUGAR MARKET
NEW YORK, Ian. 17.—The marl/et for
raw sugar was firmer today and prices ad*
vanced l-l«c on Cuban varieties. Trading
was a little more active with refiners again
In the market on the idea that the demand
for granulated will steadily Increase from
now. owing to the fact that supplies in the
country are beginning to show signs of de
pletion The day's business Included 20,000
bags of Cuban for January clearance at
3 9-16o cost and freight: 10.000 bags of
Cuban first half February shipment at 3J.c
cost and freight; 11.000 bags of Forto Rlcoa
early February clearance at figures equal to
4.33 for centrifugal, and 11.600 bags of
Cuban clearance January 2S to Pennsylvania
refiners at 3Hcoat and freight. The mnr
ket closed firm with holders asking 3S. cents
for prompt shipment, although It was gen
erally believed that bids of l-32c under this
price would result in business. Closlne
prices were 4 33 to 4.58 for centrifugal.
3.56 to 3.81 for molasses and 3 916 for
Cubaa, cost and freight:
The local market for refined sugar was
firm and unchanged on the basis of ... . o
for fine granulated. The demand was only
moderate, although some Improvement Is
looked for In the near future.
The market for futures was a little more
active and prices were higher on a little
support from Cuban Interests and covering,
closing 4 to It points net higher. January
sold 3.53 to 8.7$, closing 3.75; February
from 8.61 to 8 58. closing 3.55: March 3.T.0
to 3.58. closing 3.68: May from 3.66 to
8.7«, closing 1.88; July 3.76 to 3.78, closing
8.78.
MIME
TO 60 TO SI JS
1 LOCAL MUSKET
Price Was 58 and 60 Cents
This Time Last Year—
Onions Also Scarce and
Rising All the Time
Potatoes will go to 11.75 per bushel be
fore the first of the month. This Is the
seneral opinion In the wholesale district,
based not only upon the .steady, rise of the
last few days, and the continuing strin
gency In the market, but upon the dispo
sition of holders to demand the last) cent
obtainable.
In response to k querry by wire froht
M. P. Wilcox yesterday, a telegram was re
ceived from Waupeca, WIs., offering pota
toes, In lots of five car loads, at 91.33 per
bushel, acceptance to be made by wire Im
mediately, or the offer would be withdrawn.
This price at' wholesale. In lots of five
far loads, is an Indication of what Is ex
pected, as. when the price of transferring,
drayage and other charges are added to the
cost quoted, little margin Is left for the
wholesaler on the present quoted price of
• 1.50 per bushel.
M Cents Last Year.
Last year at this time potatoes were as
low as 58 and 90 cents per bushel. There
Is no hope at all for any lessening of the
price this season, as It Is Impossible to get
crops from Ireland, Germany, and other
countries to relieve the situation, as has
been the case In former years, before the
war broke out. at which time hlrh prices
In America resulted In Immediate shipments
from abroad.
Onions Are Scarce.
Another item of Increasing expense in
table supplies Is found In the scarcity of
onions. They aft not only hark to get, but
the price has been steadily rising, having
gone up as much as a dollar a sack.
Even at this price, onions are being sold
on the local market lower than at other
points, notably Cincinnati, where they are
quoted at 60 cents per sack higher than In
Montgomery.
Local Prices Low.
With onions 50 cents lower In Montgom
ery than elsewhere, other fruits and vege
tables are found lower also. Snap beans
are quoted here at $2.75, as compared with
13.25 In Cincinnati, while sweet potatoes
are quoted at other points as'high as $1.15.
the offerings here being at 50 cents per
bushel,' and In some cases even as low as
35 • cents.
Car loads of sweet potatoes were offered
from Florals, yesterday at 50* cents.
Many Cars Received.
Receipts yesterday Included an express
shipment of tomatoes, green peppers, and
Florida tangerines, the tomatoes being ex
ceptnonally fine fruit. 9
A car of superfine Pennsylvania apples
was received, the varieties Including Ben
Davis, and two fine apples not generally
known here, the Nero and Cooper Market.
Two curs of potatoes were also received,
and 100 boxes of tangerines.
Fresh Fish Today.
Fish were sold out at the city market.
A fresh 'shipment will be In this morning,
however.
No new varieties of vegetables were re
ceived at the city market, although fresh
shipments of snap beans, red cabbage, rad
ishes, oyster plaints, celery mushrooms, and
other vegetables were shown.
METAL MARKET
NEW YORK, Jan. 17.—The metal ex
change quotes lead $5.90. Spelter not
quoted.
At London: Lead L29. 10s. Spelter L88.
Chicago’s Homeless
Men Driven In by Cold
(AhmUM Pr,«».)
CHICAGO, Jan. 17.—Chicago shiver
ed today in an Icy blast from the
northwest which made the three de
grees below *ero observed today seem
colder titan" the record low tempera
ture of six degrees below last week.
The municipal lodging house was
crowded last night with homeless men
who promised to work out their lodg
ing fee at the Municipal Wood Pile to
day.
High Commercial
Fees Are Charged
(Associated Press.)
WASHINGTON, Jan. 17—Complaints
by American business concerns of high
license fees charged foreign commer
cial travelers in some parts of South
and Central America, are reaching the
department of commerce. One letter
from an American manufacture said
that the cost to a salesman who cov
ered all of Argentina would be $3,600.
There is no discrimination In the sys
tem. All foreign salesmen must pay
the tariff. The department will see
what can be done about the matter.
Babbitt Island
Post Discontinued
(AniiKlited Prwut.
WASHINGTON, Jan. 17—Babbitt, or
Rattard, island, situated at the mouth
if St. John’s river, Florida, heretofore
considered as a military reservation,
las been placed at the disposal of the
secretary of the interior by an execu
tive order, "the same In the opinion of
the president become useless for mili
tary purposes.”
Smugglers Enter
Pleas of Guilty
I Associated Press).
NEW YORK, Jan. 17—Herman J.
Deitz and his son, Charles Deitz, bank
rupt diamond dealers, called to trial
today in federal district court for
Bmugglng nerly a half million dollars
worth of Jewes across the Canadian
border, brought the case to a sudden
end by pleading guilty. The elder
Deitz was sentenced to a year and a
day In the federal prison at Atlanta,
Ga., and the son to pay a fine of $5,000.
The court directed that if the fine
was not paid by next Monday Charles
Deitz should be brought before him for
resentence.
The government charged that the
smuggling conspiracy continued from
1911 to 1914. The elder Deitz is 55 years
of age, and has been in the Jewelry
business In New York thirty years
JIDCB ALMOS A CANDIDATE.
Judge C. F. Allmon, of the Elev
enth Judicial Circuit, living at Flor
ence, has tiled a declaration with the
Secretary of State that he will be a
candidate In the May primaries for re
election. He named himself a commit
tee of one to receive, expend and audit
his campaign funds.
EdL Co IFdDwto
Broker
Stocks and Bonds
Fire Insurance, Real Estate
Mortgage Loans
28 Commerce Street
Office Desks
Chairs and
r„„„. » Filing Devices
Mercantile Paper Co., 108-110 Commerce
THE
DIVERSIFIED
FARMER
THKY’RE HERE.
Part of a carload of aa line Hamp
shire hogs as were ever brought Into
the Central South lectio* passed
through Montgomery yesterday en
route to the Prattville Stock Farm at
Prattville In Autauga couny. ■
Judge Thomas, president of the new
Prattville Stock Farm, and Manager
Walls are determined to have the best
of the breed. Now there Is great
rivalry In the Hampshire world among
the .breeders and owners of three famed
champion boars—Messenger Boy, Cher
okee Lad, and Pat Maloy. So Judge
Thomas and Manager Walls are going
to have the blood of all three on their
big farm, thus satisfying everybody
who wants the best, no matter what
blood lines he may consider the best.
Pretty ambitious work for our cen
tial South section but we predict suc
cess for any farmer who gets these
blood lines and takes care of and takes
a pride In the Individuals.
GIRLS—AN AUTOMOBILE.
Gurruls, Gurruls—git your fellers
busy to getting that buzz wagon for
you. •
According to the writer fellers, eve
ry girl has at least two beaux and the
way to get things Is to keep both
beaux going, giving each one the
proper encouragement.
Now, gurruls, If you get your fellers
busy working on one of those automo
biles Grandma is offering you may get
one of them—and an automobile Is
something to win, sure as you are born.
Somebody Is certainly going to get
one of those autos, so why let the
other girl get ahead of youT They do
say that no one woman wants to see
another one get ahead of her In any
thing—whether It be In a hat, the
looks of a husband, or cooking a din
ner. ,'
Of course this doesn't mean that
girls necessarily will win all the au
tomobiles but we bet there are gdlifg
to be some pretty girls—married and
single—In the fight to a finish. That Is
a whopping big thing Grandma Is do
ing In offering these automobiles all
ready to run and If we were not slav
ing away for the Old Lady, we are
sure we would get out and go after
one and then if we won It we could
surely win a wife on the strength of
It. So the fellow who may win one
of the autos In the great contest also
wins a wife at the same time. It Would
seem. If he already has a wife, he
gets the automobile at any rate, and a
married man tells us that will be some
consolation for getting married before
the contest came off.
Likewise, the girl who may win one
of those autos can also win a husband
at the same time. Of course, no girl
wants to marry a man who marries'
her Just because she has an automo
bile, but then, a maiden lady frland
tells us, you sometimes can’t aland
too much on ceremony when it comes
to getting a husband—you've got to
take ’em the best way you can get
’em.
They tell us that in many parts of
the State the Interest In the contest Is
getting pretty warm and doubtless In
another week the Interest will be so
warm that It will heat up the weather
man some.
Grand day we had yesterday—If it
would only keep up, which it won’t.
This kind of weather Is healthy and it
puts life and go into you. However,
we should like to see- a little weather
with a "bite”' in It. There was not
much ’’bite” in yesterday's bracing at
mosphere and you don't get the real
“bite” till It begins to get down to
ward the zero mark, so we don’t guess
we will strike any temperature in these
parts like that.
Get In your entry blanks for the
Poultry Show by Friday. Get the birds
themselves in by next Monday. Judgv
lng is next Tuesday morning.
Drink pure water, give pure water to
the pig and both are apt to keep
healthy.
Pure water, fresh air and a smile
now and then are the real Faith, Hope
and Charity doctrine.
The Russians are said to be on the
offensive again. Have they not al
ways been offensive to civilized peo
ple?
Mandy, where’s them there wool
socks??
Hope it stays chilly a little longer.
We haven’t forgotten last summer yet.
Haven’t you sold that cotton yet?
Oil up the machinery for peanut oil.
Breathe deep, love somebody and
live a long time and you will be
healthy, happy and wise.
It won't be long before the lime
barrel will be needed. Greatest thing
in the world to use around the build
ings—and on them.
Keep sober, don't look pious (for you
are not), think kindly, work like the
dickens and don't be disappointed
about anything and. you will come
through O. K.
DIRECTORS MEET TODAY. I
I •
The board of directors of the Cham
ber of Commerce will convene this
afternoon at 5 o'clock. The division
chairmen will submit In writing the
program of activities for their divisions
during the current year. All divisions
have organized and are prepared to
make their reports.
SUES RAILROAD FOR .MULES.
Judge Pearson, presiding in the Cir
cuit Court, yesterday heard the case of
J. D. Roy, a farmer of Elmore county
who is suing the Seaboard Air Line for
The kind of News
every young man should
read and study.
You can teach your
self to save and prosper
if you only make the
start.
Open a bank account.
It’s easy if you will
only act.
Just put, say one Dol
lar, in our bank today—
then keep on increasing
the balance to your credit
every Week.
Make it a set rule to
DEPOSIT A REGULAR
AMOUNT each week—
it’s a step in the right di
rection to success.
/
Why not start today.
‘ ' • /' . ;
We pay 4 per cent in
terest. .■ } *
The
Fourth
National
_v •
Bank
the value of two mules, killed when %
train ran into a wagon being driven
by the plaintiff about two years ago.
The aocident happened at a crossing 1n
North Montgomery. ’*
to' hoi.d mrhting today.
The division of rural affairs of the
Chamber of Commerce will meet this
morning at 10 u'cloik. Tt has been
stated that some plans will be adopud
at this meeting which will be of great
interest to the farmers of the, communi
ty, as steps are being undertaken to
provide for a market,for the .produce
raised in this locality. The members
of this division are: A. C. Davis, chair
man: Liltell McClung, I. T. Quinn, R. D.
Quisenberry and Df. R. H. McCaslin.
$20,000,000 Fire
Loss in Bergen
i Associated Cress. >
LONDON, Jan. 17.—About 400
buildings, most of them valuable
ones, were destroyed in Saturday
night's Are at Bergen. Norway, ac
cording to a Reuter dispatch today
from Christiania. The ftrtkl damage
is estimated at $20,000,000. Only one
life was lost and but a few persons
were injured.
There are large quantities of flour
end grain in Bergen, according to the
Christiania advices, and no fears are
entertained that the population will
suffer for* want of food. Special trains
with clothing, blankets and provisions
are arriving In the city.
Morris and Company
Made $2,321 AU Net
CHICAGO. Jan. 17.—T}te financial
report of Morris and Company, pack
ers, for the year ending October 30,
1915, made public today, shows net
earnings df $2,321,414 upon a capital
investment of $31,724,563, or nearly
7 1-2 per cent. Of the earnings of
the company $750,000 was paid in'
dividends and $1,571,414 was added
to the surplus account.
FLUTEJ) METAL columns on the porch, the pergola, in the
hall—ideal architecture. Cannot split, warp or rot.
Build with them—remodel with them. We have a display
we will gladly show. Gall 734.
Jamison &HallowelI
BUILDING MATERIAL
C. G. Hume, Mgr. Phone 734 Montgomery, Ala
* NEWSPAPER CUTS IN THIS PAPER MADE BY
ADVERTISER BLDQ., MONTGOMERY. J. M. EN(?lER. Prop
CARM LOANC
I ON 5 YEARS TIME
In the following Counties only—Montgomery, Autauga,
Elmore, Chilton, Lowndes, Crenshaw, Macon, Bullock.
27 S. Perry St. f ^ MARTIN Montgomery,Ala.
I