The Montgomery advertiser. [volume], October 03, 1916, Image 8

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

Image provided by: University of Alabama Libraries, Tuscaloosa, AL

                
The Bank and the
It is hard to prevent WASTE and to insure
ECONOMY in running a HOUSEHOLD.
You'will find it of great help to keep a bank ac- * •
count and ppy all your bills BY CHECK*
Every paid check is a RECEIPT. You will save
disputes.
Your check STUBS will show you just what you
have paid out. They will aid in keeping your affaire
in order.
• ,v - ,
The
Fourth National Bank
mEW ORLEANS COTTON
|MAKES NEW RECORDS
|FOR PERIOD OF YEAR
"fe.-. ■ —■»
$ Highest Point Showed
|b Gain o/ Oner $4.50
| Per Bale
f (Aiwrlitfd Press.)
NEW ORLEANS, Oct. 2.—Preseuri
buy forced the cotton market t<
>:■:** 5?w high levels for the season today
following: the bureau report on gin
# and condition. At the highest
the most active months were at a nei
Vain of 90 to 92 points, or over $4.5<
a bale. With the exception of Octo
ber. which appeared to be about liqui
oated, quotations were the highest
ever recorded before in the fall ol
the year. For a while it was a run
*way market, but heavy realizing
from the long: side finally checked the
•upward tendency and caused a mod
©rate reaction. The close was at a
f* net vain of 64 to 67 points,
i S The opening was at the advance and
prices rose 50 points in the early trad
; w, ing. in the face of the largest ginn’na
«v®r known to fieptember 25. Th<
figures of 4.062.991 bales, however
were considerably under general ex
£ pectations and much buying resulted
fc ^*8°t there was mu"h buying fronr
a tradar* who exnected a bullish con
fir .dition report. The condition figure*
P©r cent, of the normal were
**’ If®" under the average of expecta
» ttons and the fact that thev were bj
far the lowest ever estimated on Sep
rl, tember 25 brought forth a great vol
ume of buying, much of which caru
■j>; from interior sources. For a whih
% brokers had difficulty in handling the
^ business which poured In on them,
y Prices mounted swiftly until the Marct
gt option stood at 16*6.
p- The market held a steady feelne
even after the rise was checked, esoe
is, ciallv after the spot market wa*
» quoted 50 points up to 16 cents foi
middling.
--
1 NEW YORK COTTON
NEW YORK, Oct. 2_The cotton
market was sensationally active a tv
excited today with the advance ol
fully $4,50 per bale from Saturday';
closing figures, representing one ol
the most rapid bull movements in the
history of the trade. January con
..:Lact? at 17.03 or 93 points above
the final quotation of last wedk, and
at 16-75, with the general list
closing steady at a net advance of 57
to 65 points.
The market opened firm at an ad
vance of 6 to 39 points. The census
report showing 4.062,991 bales ginned
prior to September 25, established a
new high record, and It was figured
by local statisticians that on the basis
of the largest percent, of the crop
ever ginned previously to the date In
question. It would point to a yield
materially In excess of recent figures,
the trade, however, had been expect
ing even heavier ginning returns and
the buying movement was active and
excited from the very start. It look
F“-a? though a good many operators
had been procrastinating purchases In
the hope that the ginning figures
would give them a better buying
basis, and there seemed to be a very
general effort to buy before govern
ment’s condition report was publish
ed at 11 o'clock.
At any rate, the market worked
some 76 to 80 points above Saturday's
finals before the crop figures were Is
sued. and the low condition reported
further stimulated demand. Decem
ber contracts sold up to 16.98 and
March to 17.22 with the general list
showing a net advance of about 90 to
93 points. Realizing was very heavy
around the 17-cent level, while there
was also a good deal of Southern sell
ing here as the advance in contracts
had probably outstripped the Interior
markets, and there were reactions of
some 35 to 40 points from the best.
Offerings were very well absorbed on
the declines, hovgever. and the mar
ket became less active during the af
ternoon with later fluctuations Irreg
ular. December closed at 16.66 and
March at 16.92, or about 22 to 30 points
under the high level of the morning.
The condition of 66.3 compared with
58.5 In the small crop year of 1909
and was Interpreted by the bureau of
crop estimates as pointing to a yield
of 156.6 pounds to the crop or to a
crop of 11,637.000 bales, excluding lint
ers, compared with last month's In
dications of 11,800,000.
NEW YORK SPOT COTTON.
NEW YORK, Oct 2.—Spot cotton steady
middling uplands 16.60; sales 1.400 #balej
| We are the authorized WIL
LARD experts in your town.
AUTO BATTERY CO.
125 Lee St. Phone 1639
BETTER REPAIR WORK
, Every man who brings his car
here is satisfied.
ALLEN St COOK
308 Moulton St . Phone 2348
AUTOMOBILE SERVICE
Day and Night
All New Cars
COMMERCIAL TAXI CO.
Phones 1954—1955
r ■■■. 11 »
Automobile Bodies
■ Made to your exact
I order in individual de
I signs.
K I Raring TYPES.
■ Full information as to
I cost on application.
Dixie Hardwood & Mfg.
Company
< — _<
Grant Six $825
J HUDSON
Guper-Slx.
Chevrolet.$750 and $550
All prlcea f. o. b. factory.
Capitol Auto Co.
20£ Dexter Avenue.
ASK US
- We can assist you in
strengthening Jour de
livery svstem. JUST
THE AUTO BODY for
your particular ^ieed.
Patterson & Ingalls
Local Cotton
—a — « ■ ,1
i Official quotations of the Montgomery
Cotton Exchange aa based on actual tradea
made yesterday are given below. Where no
sales are actually scheduled ths quotations
are for the business transacted on the da*
before.
Middling fair. 69
Strict good middling.
<!ood middling.... ..16.SS
' nil-,d"n«..1«. 25
Middling. 16.00
Strict low middling.*.15.75
i Low middling........15.il
Strict good ordinary. 14.87
Good ordinary. 14.50
Sales officially reported, 25 bales.
Spot quotations Jumped 50 points on the
local market today following the publics
tlon of the census ginnors and government
bureau reports. For the first time In a
number of years middling was quoted at
16.00 on the local market, while the nctuul
sale price was in some instances even higher,
cotton selling on the square during the day
at. from 10.00 to 16.25.
fhe bureau condition report, to which
the greatest importance was attached, gives
the crop condition as 5«.3,a decline of 4.9
from last month’s estimate, which was 6i.2.
This decline came as a surprise to many, for
while It was generally conceded that some
deterioration had taken place, still the ex
tremely favorable weather prevailing during
September had lead the trade to believe that
the bureau report would show a very bear
ish condition. Instead, the report rhowfs a
deterioration greater than in the previous
while the condition is far below that
of the same period in a number of past
years. By way of comparison, in 1915 the
condition at the same date was r.3,7. In 1914
****• iT-1: 1912. 70.3. and 1911, 70.6.
The census glnners report shows a total
, ******* ginned to date, compared
with 2,904.66* last year and 3,293.753 bales
In 1914. Following la the census ginners re
•port by states:
Alabama..... M,, .... 143,621
Arkansas. 297,986
Florida....-. 1M38
?*»«*•. 744.202
Louisiana . 173 935
Mississippi . 198,055
North Carolina.' .... 36.275
Oklahoma ...» . 2ib.f20
South Carolina .. 255,120
. .... . 55,525
Texas,... 1,896.330
Others.
13,7*3
„ t°taI....
Ssa Island... 31,26#
Round bales.. . 83,627
The bullish nature of the condition report
was the chief cause of the advance In
price, and local factors expect a further ad
vance In the near future. Only 25 bales
were disposed of by local warehouses Mon
day, in spite ef the advance, and the gen
eral belief seems to be firmly establish'd
In the minds of local cotton men that a
much higher level will be reached event
ually.
The weather map shows cooler weather
over most of the belt, with frosts Saturday
night and Sunday morning inwthe middle
Mississippi and Ohio valleys. extending
•outh as far as Tennessee and central Ar
kansas. Indications are for fair and warmer
weather throughout the belt, with the excep
tion of the northwestern quarter, where
colder weather Is predicted.
Liverpool wee due 5^4 to 8% higher. The
market opened steady at an advance of 5
to 7 points. At close, the market was dull
but steady at a net advance of 7*4 to 9
points. Spots were In good demand at a
decline of 1 point, middling being quoted at
9.49, with sales of 10,000 bales, of which
9,000 were American cotton. There were
no imports for the day. *
Fairchild Report
NEW YORK, Oct. I.—General ex
pectation favored extremely heavy
ginning figure* today and a bullish
condition report. Fate, however, de
creed that the ginning of 4,062,000
bales was smaller than the trade as
a whole looked for. While the condi
tion of 56.3 was below the general es
timate. Big buying was in evidence
from the opening. The market took
enormous liquidation, hesitated, ral
lied, worked Into the highest level of
the year, declined, recovered and fin
ished the most sensational day of the
season at declines from the morn
ing’s early highs ranging from 28 to
33 points.
Today's condition figures indicate a
ciop of under 12.000.000 bales, exclu
sive of linters. The world's consump
tion Inevitably will be far greater
than this. What cotton can do under
such circumstances' does not permit
of any question of doubt. It seems
the only requisites required to make
money on the long side of cotton this
year are sufficient margin and pa
tience.
In our letter of Saturday week, we
stated 17-cent cstton was'nearer than
most people Imagined. January,
March, May and July cossed 17 cents
today. Reactions may come from time
to time, but we believe still higher
prices are before us.
Today’s reports assure the independ
ency of the South. The farmer is the
autocrat this year. It looks as though
the spinner would have to pay prices
for the actual commensurato with \
I prices at which he is selling cotton
goods.
Cotton oil futures advanced mod
erately today. Lard was easier. Re
finers were selling oil at the close.
We think they may be able to depress
j prices somewhat tomorrow, on any
ieharp break. However, we favor pur
I chases on March.
! Cha*. Fairchild St Co.
DAILY COTTON MARKET
Port
Movement.
| Its- | Ex- jSalss.J Stock
|c’ptw.l ports.j [
New Orleans, 16,00
Galveston, 16.25 ..
Mobile, 16.00 .. ..
Savannah, 16.13 ..
Charleston, 16.00 .
Wilmington, 15%
Texas City
Norfolk. 16.00 ..
Baltimore.
Boston, 16.00 . .
Philadelphia, 16.85
New York, 16.60 .
Minor Ports .. ..
I 757 7).I 630;166983
21750|10950, 2000 249774
272!. 50
7125(11000 3921
1606).j . 200
422| 740(<.
4953’..
56811. 1491
-1.i.
K0| ..
376? -...I.
10601.
.1,
11094
151674
41592
38736
1773
5000
8201
76388
3108
Total today, receipts 50,812; exports 41,
951; stock. 819,318.
Total for week, receipts 104.888; exports
81.396.
Total for season, receipts 1,368,018; exports
903.779.
Interior
Movement.
| He- j Ship-(Sales. jS lock,
(c’pts.! rn’ts.) |
Houston 16.00 ..
Memphis. 16.00
Augusta. 16 U
St. Louis .
Cincinnati.
Little Hock. 16.00
Ttallas, 15.60 .. ..
Montgomery, 16 00
. .46498 31 l7Si 7107
. i117201 35791.
• I 3128 .1 1437
.) 1531! 21*8].
.| 504| 322i.
2122| 1480 1480
•I.!.I 5987
I.I 25
103427
119962
98648
4 579
17009
33428
wmm
Tot l today, receipts
40,750; frtock 433.053.
65,803; shipment
GINNING REPORT
SHOWS ALL RECORDS
HAVE BEEN BROKEN
Alabama Reports 1U5.621
Bales, Against 310,756
For the Last Year
WASHINGTON, Oct. 2.—Ginning: of <h«
cotton crop Is breaking: records. Announce
ment today by the census bureau that 4,
062,991 bales had been ginned from thii
year's crop prior to September 25 disclosed
that all former totals for ginning to that
dots had been exceeded, even that of 1914
when the country's largest cotton crop was
grown, and 3,393,752 hales were ginned tc
September 25. Heretofore the largest quan
tity ginned prior to September 25 was In
1911 when It was 3,676,594 bales.
Ginning to September 1 this year amount
ed to 850,812 bales and from that date to
September 25 the quantity ginned was 3.
212,179 bales. The extreme activity In gin
ning Indicates that the crop this year la
much earlier than in former years but It la
pointed out by officials that the quantity
ginned to certain periods is no gunge of the
country’s total production, which this year,
from nil indication^thus far, is below the
average.
Hales.
145,621
310,756
392,217
325,735
297,986
Hound bales Included in the glnnings num
bered 83.527 compared with 32.412 last year.
3.394 in 1914 and 26.983 in 1913.
Sea Island bales Included numbered 31,260
compared with 19.091 last year. 13,927 In
1914, and 10,570 in 1913. '
Glnnings prior to September 25. by states,
with comparisons for the last three years
follow:
State. Year.
Alabama.... 1916
1915
1914
1913 •
Arkansas.191*;
1915
1914
1913
California.1916
1913
1914
1913
Florida...*.1916
1915
1914 ’
1913
Georgia. .•..’..1916
1915
1914
1913
Louisiana.1916
1915
1914
1913
Mississippi .. ..1916
1915
1914
1913
North Carolina •. ..1916
1915
Oklahoma
South Carolina
1914
1913
.1916
1914
1914
1913
.1916
1915
1914
1913
Tennessee. 1916
1915
• 1914
1913
Texas.1916
1915
1914
1913
All other states.1916
1915
1914
1913
2.656
70,086
2.989
1,710
2.656
633
16,938
19.020
25,579
16,367
744,202
7\5,512
768.095
491,511
173,936
114,361
94,119
77,803
198,055
179,748
163,298
120,593
50,275
<2,931
84,5.17
49.952
215.032
2,136
104,154
1J8.979
225,120
258,947
303,794
193,313
55,525
9,148
16,034
18,369
1.896.520
1,146,953
1,334,342
1,727,639
10,793
1,652
fi, 602
6,618
Johnston, Storm Report
NEW TORK. Oct 2.—The notion of
today’s market was sensational in
view of flte figures issued by the gov
ernment which were quite near the
expectations of the trade. It is prac
tically impossible to forecast from the
repeatedly changing quotations wit
nessed today any trend of prices for
future options. In view of the reports
and of the price and of surrounding
conditions we advise extreme conserv
atism. believing that the situation has
been 'fully discounted by present
prices. Temporarily we are not
friendly to the long side. A vivid dif
ference of opinions exist in oil circles
as to the course of prices in the near
future. Some well informed people
look for much higher prlcee in the
future. basing their arguments
on expected European demand and
the moderate stock of oil at present.
Other equally well informed sources
believe in a lower market in the near
near future, basing their arguments
on the large amount of seed specula
tively held and the fact that crushing
is increasing dally, necessitating con
stant hedge selling. We lean tempo
rarily toward the latter argument as
in our opinion the technical position
of the market Is not strong. We do
not advise our friends to purchase oil
at present but prefer advising profit
taking sales on such bulges as we wit
nessed today.
Johnston, Storm ft Co.
LIVERPOOL COTTON
LIVERPOOT* Oct. 2.—Cotton spots steady.
Hood middling.9.63d
Middling.9.49d
Low middling.9.33d
Sales 10.000 bales of which 1,000 were for
speculation and export. No receipts.
Futures closed unsettled.
Of’teber.9.581J
Ootober-November.9.57
November-December.9.57%
December-January.. .. .... .... ..9.58%
January-February .. ., ....9.62
Febrpary-March.9.64%
March-Aprll.. .
April-May.!9l67
May-June. 53
June-July...
July-August.9.64%
August-September.9.49
COTTON FUTURES
NEW ORI.EANS. Oct. 2.—Cotton futures
closed steady at an advance, of 64 to 67
points.
Open. High T.ow. Close
October.ir,.0r» 16.21 15.91 16.OS
December.15.72 16.54 15.70 16.26
January . 16.04 16.66 15.SS 16.41
March . 16.35 16.66 16.30 16.63
May . 16.62 16.53 16.61 16.85
NEW YORK, Oct. 2.—Cotton futures
clotted steady.
Open. High. Row. Close.
October . 15.85 16.70 15.83 16.42
December.16.15 16.9S 16.15 16.66
January. 16.42 17.03 16.42 16.73
March .16.51 17.22 16.51 16.92
May . 16.84 17.40 16.84 17.11
July .16.98 .
DRY GOODS MARKET
NEW YORK, Oct. 2.—Cotton poods mar
kets were very much excited today and most
houses withdrew their lines from sale owlnjj
to the rapid rise In raw cotton. Many ad
vances were named, suplementing; some
made at the end of last week. Yarns were
advanced again. Dtcsh Roods were active
with the retail trade very Rood.
Watch
Our
Windows
Arbiter of Fashion
Seven Dex'er
Specialists in Men’s Apparel
HERE you’ll see the latest,
smartest things ih men’s suits
and o’coats at prices you’ll find
easy to pay. This is a moderate
price store. Suits and coats as
low as
$16 50, $18, $20
HIRSH-WICKWIRE Clothes
are supreme in the world of.
clothing at a range of prices,
and in a variety of fabrics,
styles and sizes which give you
a wide selection to choose from.
$22.50, to $30
HATS
Try on Levystein’s Special at
$'2 and $3. See the class that’s
in the Knox, $f> and the DeLuxe
hat at-+G—worth the price.
STOCk MARKET IS
* STILL GOING OVER
A MILLION DAILY
Norf olk & Western Makes
, New Maximum; Shell
?■ Retqins Leadership
■ (AiMelatN Freon.)
YORK, Oct. 2.—The stock
market today entered upon the fourth
quarter of the year with every Indl
?nL.°^ a continuance of the re
markable activity of the preceding
month, although quotations suggested
an accession of bearish aggressive
ness. Dealings again attained the
impressive total of 1,050,000 shares, biit
a very large proportion of the turn
over occurred in the first and final
hours, the intermediate stage being
mRf-* by relative dullness and un
certainty. There was nothing in the
general news over the week-end to
cause agy diminution of the optimism
'on? prevalent in speculative cir
the contrary, numerous ad
ditlonal statements of earnings sub
mitted by railroads and industrial
companies were of the most encour
aging character, tthese, with scarcely
e*cePtion, showing large gains for
the fiscal year or in excess of corre
spondlng periods of 1915. H
“hares of the coal roads, especially
Norfolk and Western and Dehlgh Val
ley. gave the market its stability at
its opening, Norfolk and Western soon
advancing to the new maximum of
u ?* I* Illinois Central increased Inst
Saturday’s gain and miner lines were
represented by the Wabaeh issues and
Western Maryland at material ad
vances.
Realizing sales exerted their usual
influence in this Quarter added trad
ing pressure to. industrials, equip
ments and marines. Coppers were
comparatively backward with Central
leather. General Electric, Mexicans and
sugars, while Motors reflected moder
ate pressure. United States Steel re
tained its leadership in respect to
activity and closed at the slightest
iractional loss after an extreme de
cline of 11-2 points.
Heavy dealings in international
bonds denoted an. increased invest
demand for the new quarter,
.a. 80me trivial concessions in spec
ulative issues. Total sales of bonds
1par value), $4,746,000.
United States bonds were unchanged
on call. •
CLOSING STQCK LIST
Stock®
Bales tn jHlgh. Low.(Close.
hundreds. | | [
Allls-Chalmers ....... 7| 27
Amer. Beet Sugar .. .. 30| 97%
Amer Can.1SS| 66%
Amer. Car ft Foundry..707| 74%
..218
82%
113%
112%
Amer. Locomotive
Ameft Smelting
Amer. Sugar. 4
Amer. Tel. ft Tel. «jl84
Amer. Tobacco .. i
Amer. Zinc.. .. ...... «
Anaconda Copper .. ...380
Atchison..
Atlantic Coast Line
Baldwin Locomotive ...528
Baltimore ft Ohio .. .. 28
Bethlehem Steel
221%
42%
87%
26
96 -
65
70%
89%
111%
111%
133
221%
41%
96%
.1.
92%
98*
88
88%
Canadian ..Pacific .. .. 72 179%
Central Leather .....
Chesapeake ft Ohio ....
Chi., Mil. ft St. Paul ..
Chi., R. L ft Pac. Ry.. 6
Con. Gas.. .. .. 7
Corn Products ., .... 12
Crucible Steel .. ....407
Erl® 177
General Electric.45
Great Northern pfd.. .. 9
Great North. Ore Ctfs
Goodrich
17J%
Til. Central
70 67%
96%
19%
138%
, 16 %
»3 %
40%
482'4
118%
88! 46
38| 76%
Tnt. 34. M. pfd. ctfs_247
Kan. City Southern ... 8
Lehlith Valley .280
■ 41407%
l.oula. ft Na.h .
Llxxett A Myera .. ..
Oulf Statea Steal .. ..
I.orlllard Co.
Maxwell Motora .. ..
Mia., Kan. ft Tex. pfd
Mlaaonrl Pacific .. ..
122%
26%
86%
1 133%
45%
86
19%
188
45%
92%
39%
175
119
44%
74%
105%
119%
26%
84
133
10 93%
93
31 4%
.... 75413% 110
Mex. Petroleum
National Lead.10
N. T. Central.106
N. T., X. H. ft Hart... 16
Norfolk ft Western_234
Northern Pacific .. .. Si
Pennaylvania.7j"
Keadliftr..
Rep. Iron ft Steel ..!.277
Seaboard Air Line .
Seaboard Air Line pfd.. i „„
Sloaa Shef., 8. ft I.T6I 64%
Studebaker Corp. 37 133%
Cou4U..n n..n a_ ___
4%
0%
110%
61
140
114
58%,
113%
81%
69%
109%
60
138
113%
57%
111%
78%
36
Southern Pacific
Southern Ry..
Southern Ry. pfd.
80402%
67| 25%
1| 68%
Tenn. Copper. 94 24%
Texas Co..
--—. 221224%
Texas ft Pacific.. .. .. 141%
Union Pacific.3081151
United Fruit. 6464
' ■ S. Rubber.46l 62%
H' f' „8tee' '■ •• h« .20441118%
U. S. Steel pfd.101121%
Utah Copper..
va., Caro. Chemical... 61 40 %
Vn. Iron, C. ft c....I...,
36
43
131%
101%
34%
68%
^32%
"11%
149%
163%
61
116%
121%
94 .
41%
Wabash Pfd. "B”... .1321 '"tti
Weatern Union .. .. *
West. Electric.iisfe5%
Kennecott Copper .. ..162 66%
Amer. Zinc pfd.) .
28%
64%
65
2S
96%
65%
73%
82
112%
112
124
281%
42%
96%
106%
115
92%
89
560
179%
72
66%
96%
19%
138%
15%
95%
40
180
119 74
44 74
75
106%
26%
94%
133%
70%
94
200
93%
10
4%
111
70
109%
6074
1*9
113,%
58%
111%
SO
15
36
63%
132%
101%
25%
08%
24%
222
11%
150
162%
«1%
117%
121%
95
42%
47%
29
101
64%
66%
5
Totl Bales for the day 1.0*9 500 allarea'
, NEW YORK BONDS
C7. 8. 2a registered....
tJ. 8. 2 coupon.. i,,| ...
H. 8. 3s registered.. .... ....
U. 8. 3s coupon.
L\ 8. 4*.registered.; , * ’
U. 8. 4s coupon...
Panama 3s coupon.. ....
American Agricultural Ss.1.
American Cotton 011 5a.
Amer. Tel. * Tel. cv. 4*4#.
Amer. Tobacco 6s.■ .
Anglo-French 5s.
Atchison gen. 4s.
Atlantic Coast Line 1st. .*.. *.**.!*
Baltimore A- Ohio cv. 4Ha.... !,
Centra lof (5a. Con. 5s. ..
Central leather 5s.....
Chesapeake A- Ohio cv. 4%s..!!*.
Chicago, B. A Quincy joint 4s...
Chicago, Mil. A St. Paul cv. 5a. ..
Chicago, R. I. a pac. Ry. ref. 4a.
Colorado & Southern ref. 4^b.,,
Denver A Rio Grande ref. 5a....
Dominion of Canada 5a (1931)...
Erie gen. 4s..
111. Central ref. 4s.. ..,'.* **
Int. Mer. Marine 4,Ha ctfs. .*.*.*.!!
Kansas City Southern ref. 5a....
Liggett A Myers r»a. „.
Louisville A* Nashville un. 4a..r.
Missouri. Kan. A Texas lat..^.
Missouri Pacific Con. 6s..
N. Y. Central deb. 6a.... ....
X. Y., N. H. & Hartford cv. 6a..
Norfolk A Western cv. 4^i.,., •
Northern Pacific 4s. ... .... ...
Pennsylvania Con. 4%*.*
Pennsylvania gen. 4Ha.,.. .!*!.
Reading gen. 4s.... ...*.*.*.*
Republic Iron A S. 5a (1940)!.!
St. Louis A San Fran. ref. 4a...
St. IrOuls A Southwesterns 1st. • •
Seaboard Air Line adj. 5s.
Southern Bell Telephone 5a.:..
Southern Pacific cv. 5a....
Southern Ry. 5s.
Southern Ry. g*»n. 4a.!!! !!!! !!
Tenn. Copper cv. 6s.!# #!
T«xas Company cv. 6s.. ..
Texas A Paellfc 1st.... .... ...
! Cnlon Pacific 4s. ;
C. S. Steel 5s.. , *.* **
I Va , Caro. Chemical 5a.
.... M
.... 99
....100H
....loon
•.. .10914
....110
-101H
... .10314
.... 96%
.. ...113%
....119%
. .. 98%
.... 93%
.... 92%
.... 9i>%
-100%
....102%
. .. 85%
...# 98
-106%
.. .. 71%
•••• 85
.... 67
....100%
.... 78
.... 89%
....110%
.... 97
-101%
.... 94%
.... 75
....101%
....114
... .112%
. ..137%
.... 93
....105
-102%
• 96
....100
.... 79
.... 77%
. .. 64%
....101%
-103%
-101%
.... 71%
-91%
....105%
.... 97
.... 97%
....106%
.... 96%
COTTON SEED OIL
\—•—
NEW YORK, Oct. 2.—Bullish government
figure, on the cotton crop were responsible
for an advance of 22 to 35 point. In cotton
I oil early in the session, hug heavy profit
j taking caused a fair setback before the
! close. Shorts and outside long. tver. best
buyers. , Final prices were 14 to 29 point.
| net higher. Sales 36,300 barrels.
i sbot..10.76 bid.
ucto,»r..
| November . ....10.414*10.43
December . ... ,10.40®1<>.4)
..lo;41®10.43
1 ebruary...10.47®10.4»
-M“" l>.10.574*10.69
A>'ril.. .... ..10.45610.CO
M S'..
HEW OKI E4vs .pot COTTON.
NT7 WOrtl.FAN'S. Oct. 2—Spot cotton firm.
50 points up. Sales on the spot 410 bales*
to arr !vf 2-0.
Good ordinary. *....14.50
Stri* t good ordinary...15.00
j Low middling. 15.50
[.''’Mitt low middling.... . ..15. VC
i Middling. - .16.00
Strict middling. 16.1*‘
Good middling.;... .16.37
strict good middling.,,’....16.62
Receipts 7,577; stock 166.988
STORM AND INSECT
DAMAGE TO COTON
CAUSES BIG LOSS
Government Report In
dicates Yield This Year
\ Will Be Very Small * •
WAgjllNGTON, .Oct. 2.—Stenya and Insect
damdge have wrought havoc with ths cot
ton crop this year and caused a loss of al
most 3.000,000 bales throughout the growing
season. 4
, £®DP h® approximately
11,36 <,000 equivalent 600 pound bales ac
cording to the department of agriculture’s
forecast made today basing its estimate on
the condition of the crop On Sept. 25. In
its first forecast of* production made from
conditions .existing June 25 the quantity was
estimated at 14,§«6.000 bales. The condition
of the crop on Sept. ?5 was 56.3 per cent «»f
a normal which is ths lowest condition on
record for that time of the year.
Cotton thmyear was planted on the fourth
largest acreag'b ever recorded---35.994.000
acrep. in 1911 when 36,045,000 acres*were
planted the crop was 15,693.000 bales; in
1913 when there were 3t,089,000 acres, ths
crop was 14.156,000 bales, and hi 1914 when
the acreare was 36.832,000, the crop amount
ed to 16,185.000 bales.
Indications are that this year's crop will
yield only 156.3 pounds per acre, compared
Si" 207 7 Pounds In 1911, *183 pounds J*
1913. and 209.2 pounds in 1014.
In a statement Issued today on conditions
said1*”* 8*Pt* 25, cr°P reporting board
in ere was heavy deterioration lh cotton
apam this month In. the central cotton
a . Bo11 w«evlla In Texas, Arkansas,
Alabama, Louisiana and Florida have taken
a heavy toll, puncturing and destroying
grown bolls to a larger extent than ever
before known. This Insect has. In addition.
!fw!05!*ly flama*ed thg crop In portions of
Oklahoma, Georgia and Tennessee. Cater
pillars have Injured the late cotton In South
ern Texas and eastern Florida. Cool nights
caused a cessation of fruiting and the plant
shed its fruit considerably in the northern
portion of the cotton belt.
“There Is considerable late cotton in the
Carolina! and some In northern Georgia
which will need a late killing frost to reach
anything like full maturity.
“The weather during the month fas very
Favorable for gathering the crop and the
high prices prevailing for both cotton and
the seed caused the farmers In all parts of
i aouth to rush gathering and ginning,
and there has been a much larger percentage
or the crop put through the gHs than usual j
at this ttme of the year. In southern Mis- I
slssipnl and Alabama, where the crop Is I
practically a failure, one picking got the I
crop, the average many counties being aj
bare to the mule, or less. Over the entire!
cotton belt the crop this season has been
rapidly picked and there is lese„cotton re- !
malning in the fields than usual at this
time of the year. The ptcklng season will
average 2 or I weeks early."
Comparisons of conditions, by states, fol
low; *
September 25. August 25.
10-yr. t 10-yr.
1916/ 1916. aver. 1916. aver.
State.
Virginia.85 80
North Carolina ..61. TO
S#uth Carolina ..63 63
Georgia .... .58 *61
Florida.48 62
Alabama.36 57
Mississippi.40 62
t eulsiana ..56 60
Texas.63 57
Arkansas.. ?, ,.<;5 63
Tennessee.6S 71
Missouri.67 72
Oklahoma.56 63
California.93 93
xSix-year average. *
The indicated yield per acre In pounds o
lint, based on September 25 conditions, witl
comparisons; the acreage and the quantlt
of cotton ginned in last year's crop, b
states, follow:
76
72
70
71
70
68
65
60
66
67
65
x95
90
66
, 57
62
58
45
49
64
66
71
.80
86
56
92
,.264 225
State.
Virginia
N. Care.. 214, 260
S. Crao., .175 215
Georgia ..162 189
Florida .. 86 120
Alabama.. 94 146
Miss.114 167
Louisiana 154 165
Texas _161 147
Arkansas 183 180
Tenn.186 188
Missouri. .255 240
Oklahoma.154 162
California..484 380
Acre Yield.
1916. 1915. 10-yr.
Acreage. 1915
Crop.
230 44,000 15.809
230 1,469,000 699,494
243 2,938.000 1,133,919
194 6,616.000 i.008.673
123 207,010 47,(31
174 8,468,'OO 1,020,839
193 3,202,10ft 953.965
174 1,212.000 241,063
169 11,683.000 8.227.4S0
191 2,599,000 816,002
198 897.000 303.420
287 136,000 47,999
176 2,600,006 639.626
X426 98.000 28,551
tT. 8. 170.3 186.1 35.994,000 11,191,820
xSIx-yeur average.
Farmers are receiving for their cotton at
this time higher prices than have been paid
since 1872. In that year the average paid
for cotton was 16.5 cents. In 1871 prices
paid averaged 17.9 cents and in 1869, 16.5
cents. The demoralization of the cotton
market soon after the outbreak of the Euro
pean war caused a violent break in prices
On August 1, 1914, farmers were being paid
12.4 cents a pound for their cotton and by
November 1 the prices had fallen to 6.3
cents a pound. A comparison of prices being
paid to farmers on the first of each month
during the last three years is interesting.
Following is a tablA giving the average
prices;
Month. 1916 1915 1914
January ..11.4 6.6 11.7
Febrpary.11.5 7.4 11.9
March .... ..11.1 7.4 12 6
April .. a.i H.9
May.*....11.5 9.1 12.2
June....*.12.2 8.6 12.4
July .../.12.5 8.6 12.4
August.12.6 8.1 12.4
September.14.6 8.5 8.7
October. 11:2 7.8
November. 11.6 6.3
December.. 11.2 6.8
BULLISH ADVICES
MAKE WHEAT PRICE
CLIMB SKYWARD
CHICAGO, Oct. 2.—Emphatically bullish
crop advices from Argentina today made
wheat values go higher and higher. The
close was strong at 2% net advance with
December at $1.16*6 and May at $1.55%.
Corn gained %@% to 1% and oats % to %.
In provisions the outcome ranged from 45
decline to a rise of 5 cents. ^
Drought ravages In Argentina began to lift
the wheat market right from the outset and
there was no radical setback at any time
during the session. Especial attention ap
peared to be given to despatches from Ro
sario the center of dry districts telling cf
serious damage from the long continued
lack of rain and saying that all crops were
suffering. Diminished receipts in Minneapolis
and Duluth counted also against the bears
and so too did Liverpool advices of a scar
city of offerings from Winnipeg. Increased
world shipments failed to act as an offset.
On the contrary the bulls seemed much
encouraged by reports that foreigners were
active purchasers both of cash wheat and
of future deliveries. '
Notwithstanding that the United States
visible supply total showed an Increase of
576,000 bushels the effect on the market
was of little advantage to the bears. The
reason seemed to be that the enlargement
Was less than one-sixth as great as at the
corresponding time last year.
Corn derived most of its strength from
wheat. #Fine weather tended at first to
ease the market a trifle but subsequently
was altogether Ignored.
Oats merely reflected the action of other
cereals.
Big receipts of hogs pulled down pro
visions. January transactions formed the
bulk of the business.
todi
QraLn
ajrf
Wheat:
May
Corn:
Dec.. .• ,
M&y .. ...
oats*
Dec.. •• .
May .. ...
fork:
Dec.. ..
Jan.. .. ,
Lard:
JaRihs: *
Oct.
Jan.. .. ,
and provisions ranged as
Open. High. Low.
1.54% l.M% 1.54*4
1.64 1.5S v 1.64
73
7«*4
48*4
61%
. 2255
22.25
74*4
76%
48%
61%
73
48*4
61*4
23.75
13.45
13.07
12.12
13.55
13.15
13.90
12.20
23.30
22.10
13.35
.12.03
13. *7
12.05
follows
Close.
2.66%
1.66%
74^4
76?
48%
61%
22.40
22.17.
18.37
12.97
13.90
12.6s
Cash grain ranged as follow
Wheat, No. 2 red.$1.57
No. 3 red ..1.62
No. 2 hard .. ..1.69
No. 3 hard.. .. ,... .... 1.64
Cord, No. 2 yellow. 89
No. 4 yellow. 83
No. 4 white . S3
Oats, No. 3 white.
Standard ., .. ... 47
Hye, No. 2 .a.*..1.24
Harley. .*. 7 <4
Timothy .3. GO
Clover.11.00
1'ork.i..28.541
l-ard.14.47
Hits...14.25
74 till.
1.
\<n> 1.
« 1,
*4 4P
%*»
*4 h
H 1
U 1,
6D 4.
<U14
59
57%
66%
59
89%
84%
64%
47%
47%
25 %
15
75
00
<314.
DUGGAN, MA6INNIS & CO., COTTON MERCHANTS
VA -IETIE8 PLACE. NEW ORLEANS, LA
Moaben NEW ORLEANS COTTON EXCHANGE eM.
Orders eoUetted (or the porches# sad eels of cotton (or More delivery. Cerro
. opondence Invited. *
COMMISSION ON '"LITRE CONTRACTS S15.M PER RTNDREI? BALES.
• _•#
APPLES IN DEMAND
IN I»iCAL MARKETS,
AND RECEIPTS HEAVY
Carlbad of Onions From
Spain Received Mon
day Morning
Six cars of apples, a car of ba
nanas. and a car of onions from Spain
were received on the local market
Monday. In addition to the carload
lots, smaller consignments of lemons,
California grapes, peaches and plums,
and a shipment of Tennessee tomatoes j
were received.
There was no change in the whole
sale price of produce Monday. Local
commfsslon merchants are well
stocked with produce of the season,
and report a satisfactory demand from
retail merchants in the city and Mont- j
gomery trade territory. Apples, prin- t
cipally from Virginia and North Car- '
olina. are selling especially well on |
the local market, and receipts of this *
article have been very heavy during j
the past two weeks. I
Green grocers were carrying a ;
rather small stock Monday, as is usu- !
ally the case at the opening of the
market at the* beginning of the week. ;
Vegetables, poultry and eggs were
rather scarce, but with the filling of ;
new orders by the well supplied whole- -
sale firms, the stock may be expected
to return to its normal stage. ;
The demand for vegetables and poul
try is very keen at present, accord
ing to retail dealers, and the retail
produce busines appears to be on an
entirely satisfactory basis with the ex
ception of the difficulty in maintain
ing the supply of some articles.
Quotations on Fruit and Produce corrected
by M. P. Wilcox.
Apples—Extra fancy, full measure, three
bushel barrels, extra fancy Staymon Wine
saps $5.00; extra fancy, York Imperials
$4.50; extra fancy, assorted varieties $4.50;
fancy York Imperial $4.25; No. 1 York Im
perial $4.00; No. 2 York Imperial $3.76.
Lemons—Extra fancy Verdelll, 360’s $5.25;
extra fancy Verdelll, 504’s $5.50; fancy Ver
delll. 360’s $5.00.
Irish Potatoes—Fancy Jersey giants $1.70
a bushel.
Cabbage—Fancy Virginia, $3.33 per crates;
Northern stock, $3.75 per cwt.
Lima Beans—New California, 7c lb.
Peas—New California, black-eye, 6c lb.
Onions—Extra fancy large California,
$3.50 per cwt.; Spanish, size 50, $1.75 p*r
crate.
Poultry and Eggs.
Eggs—Fresh, 35 cents a dozen.
Chickens—Hens, 60 to 75 cents; fryers. 40
to 50 cents.
Ducks—50 to 60 cents.
Turkeys—Live, 12- 13c lb.
Staple and Fancy Groceries.
Sugar—Granulated, 8 He; fancy Y. C., 8c
pound.
Meal—Roller. 96 lbs. $1.80;.Water Ground,
$1.85. .
Cheese—19Ho lb. !
Coffee—Roasted, 12 to 35c; No. S can, 80c |
to $1.00; Price, 16<g)19c; Fancy, 20®23c;
Pcaberry, 20c; Arbuckle’s, $19.25 per case.
Montgomery basis: Moch and Java Blend,
25 ® 32c.
Extract*—Vanilla, $8; Lemon, etc., |7 per
gallon. , v
Molasses—Sugar House, 35c; Prime Certrl
fugal, 30® 35c; Cora Syrup, 24®35c; Georgia
Can. 36 to 40c.
Vinegar—Distilled. In half barrels, ICc;
White Wine stock, in barrels, 16c; Pure
Apple, in half barrels, 23c gallon.
Rice—7c lb.
Dried Fruits—fancy Peaches, 25 lb. boxes,
9lb.; California Prunes, 25 lb. boxes,
8H to 11c; Apples, 12 oz. cartons. 7He lb.
Hides and Beeswax.
Hides—Dry flint, 25 and 27c; dry salted,
23 and 25c; green salted, 15 and 16c.
Beeswax—26 and 28c lb.
LIVE STOCK MARKETS
CHICAGO, Oct. 2.—Hogs, receipts y7,000:
weak:
Bulk...$9.20 @$9.80
Light..• • •• •• •••• •».... 9.00 - @9.96
Mixed.... ..9.86 @10.10
Heavy .. ...8.90 @9.10
Figs.6.50 @ 9.00
Cattle, receipts 24,000; steady: '
Native beef cattle.6.40 @11.26
Western steers... 6.15 @ 9.40
Stockers.4.60 <9 7.66
Cows and heifers.8.40: @ 9.30
Calves... 8.0(f @12,60
Sheep, receipts 42,000; weak:
Wethers...6.60 @ 8.25
Ewes.. •••• •••• •••• •••• 8.50 « @ 7.40
Lambs.. 6.50 @10.05
KANSAS CITY «UVK STOCK.
KANSAS CITY, Oct. 2.—Hogs, receipts
12,000; lower:
Bulk.*.$9.20
Heavy .. 9.40
Packers and butchers .. ..9.85
Light.. .. ..9.15
Figs.8.26
Cottle, receipts 36,000; including 300 south*
erns; stead?:
Prime fed steers .• •• .... 9.50
Pressed beef steers.7,00
Southern steers.6.25
Cows T.4.60
Heifers. 6.00
Stockers •• •• •• ..5.00
Bulls.5.00
Calves. 6.00
tiheep, receipts 25,000; lower:
Umbs.. .. 9.00 @ 9.60
Wethers. 7.00 @ 7.50
Ewes.. .. •• ..6.25 @ 7.00
@$9.6S
@ 9.$0
@ 10 00
@10.00
@ 9.25
@10.75
@ 9.25
@ 8.75
@ 7.25
@9.50
@ 7.75
@ 6.50
@11.00
8T. LOUIS LIVE STOCK.
ST. LOUIS. Oct. 2.—Hogs, receipts 11.600;
lower:
Light. 9.75 @10.25
Pigs.8.00 @9.40
Mixed and butchers.9.75 @10.40
Good heavy .. ..10.25 @10.40
Bulk.9.75 @10.40
Cattle, receipts 8,200; higher:
Native beef steers .7.60 @11.00
Yearlings. 8.50 @ 10.65
Cows. 5.50
Stockers.5.30
Texas quarantine steers .... 5.00
Prime southern steers .. .. S.O0
Cows and heifers.4.50
Prime yeurltngs.7.50
Native calves .6.0u
Sheep, receipts 3,000; steady:
(,imba.... . . 7. A0
Slaughter ewes.5.0A
Bleating ewes.8.50
Yearlings.. .. 8.00
@ 7.60
@ 7.50
@ 8.00
kv 9.00
e'i 7.50
@ 9.00
@11.76
ti 10.25
W 7.25
@ 9.50
J«ha W. Jaj - Baa B. Kcw
J. W. Jay & Co.
25 Broad St.
NEW YORK
MEMBERS
New York Cotton
Exchange
New Orleans Cotton
Exchange
New York Produce
Exchange
Orders solicited for the
purchase and sale of Cot
ton and Cotton Seed Oil
for future delivery.
Liberal advances made on
consignments of spot cot
ton for delivery on con
tract.
COTTON
BROKERS
Member* New York Cotton Exchange
and New York Produce Exchange.
Order* solicited (or purchase or sale of
cotton and cotton-seed oil for future
delivery. » Correspondence invited.
Market letters and telegraphic advices
sent upon request without charge.
CHAS. FAIRCHILD ft CO.
27 WILLIAM ST., NEW YORK
Established 1896
We would not arak you to buy our
'uts unless we could deliver you the
same class ot work and at the same
price you could buy from any repu
table firm out of Montgomery.
Save delay and expense.
SERVICE
ENGRAVING CO.
iimtiwr Bldfn Montgomery, Ala.
J. M. ENGLER. Prop.
BigG
Is effective la treaties
onnataral discharges;
painless, non poisonous
and will not stricture.
Relieves la 1 to&days*
MOLD BY BSIGGISTR,
Farcel Post It desired—Price SI, or 3 bottles 32-75.
Prepared by'
TUB EVANS CHEMICAL CO.. CINCINNATI. O.
"The Right Way"
For Union eprin**, troy. And*..
Auoiu, Uawaon, Amort*
cut, Albany and Uiumuua .... t;t| t, m
For mo aywvo yuiuu anu AuguatA ^
wu twv«uuum. u«.....
Au,at asi ..
From do van mm. Au^unut, Macon,
Dawioo. Coiumoua, Ga. .. .... n-jg.
fcuiauta, iroy. Anoniuala and
Union Sprmjfa, Ain.. t:0» n. m.
AI-a. WA& ilAli.li I
For furiuwr wtormatloo write or appi» to
GOO. R. Wrignu C. A., sow.11 Flrot Na.
ttonal Bank. W. M. Hays. C. T. A^ 104
Montgomery 8U & T. tiuratt, O. V.
ti. imiiormry
Seaboard
A ir Line
Freareeelv* R.IIn>«<t of the Sooth.
t*. Au.'*uuj.fc,r .............7i*U A. M.
AT. hAVAAAAM .SiSS B. U.
»*• ••• ..»=<*» *• *.
Ax. UUMbojiaiit .I:N r. M.
For further tniurmatlon write or apply to
O. C. Humpbrej, c. A.. SOI Flr.t National
Bank Bid*., or IV. M. Bays, C. T. A_ 104
Motitaom.ry 8t_ A T. Suratt. O. T. a
Depot.
ST. LOOS GRAIN.
ST. LOUIS, Oct. 2.—Wheat. No. 2 red
II .soft SI.CS; No. 2 hard »1.6008165; Dec.
81.55%.
Corn. No. 2, 87tic; No. 2 white 88c; Dec.
731il*7S%c.
Oata. No. 2. 46% iff 47c; No. 2 white nomi
nal ; Dec. 47 %c.
KANSAS CITY GRAIN.
KANSAS City. Oct. 2.—Wheut, No. 2
hard 41. f*4 *4$1.61 »i ; No. 2 red 91.63£91 .<10.
Corn. No. 2 mixed 83<h*S4(-; No. 2 white
S3 4* Me; No. 2 yellow 82 86c.
Oata. Nq. 9 white. 46‘4 ii 47c; No. 2 mixed
4&0 4Ai*. * .