The Montgomery advertiser. [volume], February 20, 1917, Image 8

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

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

                
i GOOD SPOT DEMAND
: AND HEAVY EXPORT
r HOLDS UP COTTON
i Strong Tone Causes Rise to
£ $2 a Bale Over Strong
est Months
k ORLEAN8. LA., Feb. 19_A con
.^iued rood demand for spots, complaints
•f the lack of moisture In Texks and o<
too much moisture in the eastern belt, and
r export movement of 22,737 bkles from
oil United States ports, compared to re
ceipts of only 10.996 bales, gave the local
jf cotton market a strong tone today In the
face of holiday dullness and caused a rise
%. the highest levels, of 38 to 42 points, or
ft, over $2 a bale on the strongest months.
The market was dull from start to finish,
but was as strong as it was dull, opening at
j- advance, maintaining the gain through
f. °ut the session and closing at a net rise of
89 to S5 points. The demand was very
limited but offerings were next to nothing.
The fact that tomorrow and Thursday are
holidays here, restricted buying and also
appeared to restrict selling in even a greater
degree.
- Locally, the demand for hedged cotton
was reported very good and the Interior
aent in word of a strong detnand for all
spot offerings at a rising basis. Spot news
was the main stimulating influence of the
aasrton.
NE\Y' YORK COTTON
NEW YORK, Feb. 19.—The cotton market
thowed a decidedly firmer tone today. The
buying was not active or aggressive, but
seemed to be rather more confident, while
offerings were light and prices showed ad
vances of practically $2 per bale In the late
trading. May contracts sold up to 18.42,
or 42 points above the close of Saturday
'and closed at 18.34,' with the general list
closing steady at a net gain of 31 to 34
points.
The market opened steady at an advance
of 3 to 18 points in response to relatively
firm cables. Most of the early demand
seemed to be In the way of covering, and
after showing a net gain of 25 to 29 points,
prices eased off slightly under realising.
Otherwise there was very * little cotton for
sale, and the market soon firmed up again
on further • covering, a moderate demand
from trade sources, and a little local bull
support. A more optimistic view of ship
ping and political conditions was ln'evidence
around the ring, and was encouraged by re
ports of a further shading in marine war
risks .Insurance rates. Beyond this the mar
ket was influenced by the continued bullish
average of spot advices and complaints that
unfavorable weather was causing a further
delay In new crop preparations. The late
| deliveries. In fact, led the advance during
the middle of the day, while March was
St-. v held back by scattering liquidation, in prep
aration for notices nexi Friday.
It was reported^ however, that Northern
•nllls and exporters were In the local spot
market for considerable cotton and old crop
positions recorded part of their lost
premium over new crop months In the late
trading. March sold up to 16.22, or 36
points net higher, while October advanced
to 18.07, making a net gain of 42 points,
with the general list showing net advances
of 86 to 48 points during the afternoon. The
close was a shade off from the best under
realising. Advices from Fall River and New
Bedford confirmed reports from other
sources that spot holders were asking big
premiums on futures, and bullish talk
around the ring appeared to be based large
ly on the relative strength of spots and the
form technical positions.
LIVE STUCK MAKKETS
KANSAS CITY UVE STOCK.
KANSAS CITY. F.b. IS—Ho*,. receipt"
12.000; steady.
Bulk . 12.00 <212.40
Heavy . 12.30©12.45
Packers and butchers . 12.10 #12.40
Light .. 11.60© 12.15
PIga .. 0.2b© 11*25
Cattle. receipts 14.000; including 200
toeutherns; steady.
Prime fed steers . 11.00© 11.75
•Dressed beef steers . 9.00© 11.00
Rout hern steers . 7.00© 9.75
Cows .. 5.50© 9.50
Heifers .. 7.00© 10.50
Packers .. 7.25© 10.25
Bulls . 6.50© 9.00
Calves .. 7.00 © 13.25
Sheep receipts, 18,000; lower.
Lambs . 18.<n© 14.50
Yearlings . 12.*’5© 13.50
Wethers . lo.uocr 11.75
Cues .. 10.50© 11.85
n. LOUIS LIVE STOCK.
ST. LOUIS. Feb. 19.—Hogs. w.ce pU 1?.
.00; stead/
Lights .,12.20© 12.45
Pigs . 9.25© 11.00
Mixed and butchers. 12.30 ©12.55
Good heavy. 12.60©12.55
\ Bulk . 12.25 ©12.J8
Cattle, receipts 6,600; steady.
Native beef steers . 7.505? 11.75
Tearling steer A heifers ....* P.50© 11.50
Cows .. 5 50© r.50
Stockers . 5.50© 3.50
Sheep, receipts 2,000; steady.
Lambs .. . 12.75©1 •*."!»
Ewes . 8.00© 11.60
Yearlings . 11.50© 13.50
CHICAGO UVE STOCK.
CHICAGO, Feb. 19.—Hogs, resdprs f8,
000, strong.
Bulk. 12.10©t?'5
Light . 11.hi© 12.35
Mixed . 12.05© 12.‘.0
. Heavy .. 12.05 ©J 2.50
Rough . 12.05© 12.13
Pigs .- 9.2b©10.65
, Cattle, receipts 26,000; weik.
Native beef cattle . 7.7 3© 11.75
Stockers and feeders . >.15© 9 00
Cows and heifers . 5.10© 10.15
Calves ... .. . 9.35®13.25
Sheep, receipts 19,000; weak.
Wethers .. 10.85 ©11.90
Ewes . ... 8.50 ©11.75
4 Lambs . 12.25© 14.65
Armor Plant Board
Examines Sites
CAuorlated Prru)
JOHNSON CITY. TENN., Feb. 19—
The armor plant board inspecting sites
for the proposed 911,000.000 govern
ment armod plant, arrived here late
today from Bristol, Va., where they
inspected a site and also heard a
delegation advocating Big Stone Gap
Va., as the location for the plant.
The boaKl was met here by a com
mittee headed by Representative Sells
of Tennessee, and was greeted by a
larg crowd. Trtilght the visitors were
guests at a banquet.
The board will Inspect sites at
Kingsport, Tenn., tomorrow, and will
go to Knoxville In the afternoon.
From that city they will visit Chatt
anooga and proceed thence to Ala
bama, where they will Inspect sites
and hold hearings at Birmingham,
Gadsden and Tuscaloosa. The ins[ec
Jion trip will end at Rome, Ga.
DIAL REGATTA.
NEW YORK, Feb. 19—Cornell and
• Yale have agreed upon a dual regatta
at New Klaven May 19. It Is under
stood that the distance will be about
two .miles and the course the llous
atonlc River near Derby. In addition
to this crew race, Cornell will meet
Princeton on Cayuga Bake May 26 and
compete in the Intercollegiate regatta
at Poughkeepsie June 21.
'cotton '
BROKERS
Member! New York Cotton Exchange
and New York Produce Exchange.
Orderx wlicited for purchase or aale of
cotton and cotton-seed oil for future
delivery. Correspondence invited.
Market letters and telegraphic advices
sent upon request without charge.
CHAS. FAIRCHILD A CO.
WILLIAM. ST., NEW YORK 1
Established 1S9S f
Local Cotton
Official quotations of tho Montgomery
Cotton Exchange as based on actual trades
madj yesterday are given below.' Where no
sales are actually scheduled the quotations
are for the business transacted on *he day
before:
Middling fair ..
Good middling .. .„.
Strict good middling
Strict middling •.
Middling ....“?..
Strict low middling ..
i-ow middling ...
Strict good ordinary...
Good ordinary .
Sales officially reported, none.
17.12
17.00
10.88
16.09
16.50
16.116
16.88
16.60
15.00
Spot, cotton holders In the principal cot
ton centers throughout the South continued
very confident, Monday, khowing that spln
* ner* must come into the market and that
the bullish supply conditions eannot be
changed this season. Montgomery spots
were reported unchanged for the day, with
middling remaining at 16.50. No sales
were transacted during the day.
The trend of the market on the New
York and New Orleans future exchanges, in
eveyy Instance, was on an upward plane.
Openings on all active months were at an
average advance of from S to 10 points
higher than the closing quotations of Satur
day. The market continued bullish.through
out ths day's trading and the closes wars
at an average advance of from 20 to 30
points over the respective openings.
Agreeable Change.
An agreeable change over Saturday in*
political news was one of the predominat
ing factors in the advances of Monday. The
favorable political news caused traders to
regain their confidences, therefore stimulat
ing buying.
According to a Washington dispatch.
President Wilson Is as anxious as ever to
avoid war and that he gave no suggestion
that a declaration of war was even con
sidered. The President Is expected to make
an address to Congress within a few days.
The prevailing opinion is that he will ask
for the authority to use the forces of the
country as a protection of American rights
on the high seas, not with the purpose of
making war, but to open the seas to ship
ping.
Other news favorable to shipping is that
the British government intends to establish
a South Atlantic port as a port of examina
tion fof Gulf shipping. This move • would
expedite shipping from Gulf and South
American ports.
Liverpool Advanced.
Liverpool advanced as much at 23 points
on futures and 4 points higher on spots;
sales 8,000 bales. Straddle liquidation with
the New York exchange continued and
Liverpool was a large buyer in American
markets, Monday.
Openings on the New OYleana exchange
was 8 points higher. This market advanced
rapidly to 15.93 for July on the Liverpool
buying, replacing by cotton that had been
liquidated towards the end of the past week,
for safety over Sunday and some new buy
ing on the better political and shipping
outlook.
The weather indications for the cotton
belt Is also bullish. Fair and freesmg
weather is predicted for portions of Texas
and the western portion of the belt, with
continued unsettled weather prevailing in
the eastern portion. Delays in farming
operations are already being experienced
over most of the cotton belt, which is a
bullish factor on account of |he weevil and
labor conditions.
Crop Conditions.
An authority- on crifp conditions In the ,
Atlantic territory has the following to say:
“On account of the continued rainy und
colii weather, no progress has been made
with preparations for planting the next crop. I
A late start Is a menace this year on ac- i
I count of the decided scarcity of labor and ;
i livestock, which may cause a reduction of j
I 'icreage. rather than the expected increase.”
Fertilizer prospects are deficient, both in
quality and quantity, butside ports cleared
13,000 bales of cotton for France, Monday.
The leading trade records show the world’s
visible stock of cotton goods unusually be
low normal. Governmeht demands for heavy i
goods, consuming more cotton In their pro- i
ductions are being reported. J
COTTON FUTURES
k'EW ORLEANS. LA., Feb. 19.—Cotton
futures closed steady at a net advance of
30 to 35 points.
Open. High. Low. Close.
March . 15.70 16.01 15.70 15.97
May . 15.72 16.00 15.70 15.91
July . 15.72 16.06 15.70 15.99
October . 15.23 .15.58 15.23 15.49
December . 15.35 15.52 15.61 15.61
NEW YORK, Feb. 19.—Cotton futures
closed steady.
Open. High. Low. Close.
March . 15.90 16.22 15.89 16.17
May . 16.05 16.42 16.05 16.84
July . 16.19 16.49 16.17 16.40
October . 15.77 16.07 15.77 15.98
December . 15.90 16.17 15.94 16.10
Daily Cotton Market
fort
Movement.
He- I Ex- Bates. | Sloe*,
c'pts.lporta. |
I New Orleans, 17.19
Galveston, 16.50 ..
Mobile. 16.00 .
Savannah, 18.50 ..
Charleston .
Wilmington ..... ..
Texas City .
Norfolk, 16.5 0
Baltimore .
Boston, 15.95 ....
Philadelphia, 16.55
New York. 16.30 .
Minor Ports .
1400
6830
121
188
• 78
27
837
1428
925
273
737
625
8616
12759
431733
279067
13630
162129
55199
52056
99390
12926
12800
2105
148833
48106
Total today, receipts 10,997; exports 22,
737: stock 1.318,574.
Total for week, receipts 18,814; exports
49.914._
Total for season, receipts 5,774,004; ex
ports 3.969,751.
Interior •
Movement.
t He- |Ship-|Salea.|£>toc*.
le’nts.l m'ts.l |
Houston. 16.35.^,,.
Memphis, 17.00 ... .
Augusta, 16.50 .
St. Louis .
Cincinnati .
Little Rock. 16.S8 . .
Dallas, 16.10 .
Montgomery, 16.50
3551 j 3072| 3225
2660! 1786
187j 927
1044 1044
_I 217
435| 1563
1100
6
1563
1485
158594
350525
121044
30883
22803
36549
Total today, receipts 7,877; shipments 8,
609; stock 720,398.
SPOT COTTON
LirKltrOOL 8POT cotton.
LIVERPOOL, Feb. 19.—Cotton spots firm.
Good middling . ll.OOd
Middling . 10.90d
Low’ ml<fdllng . 10.62d
Sales 8,000 bales, of which 2,000 were
for speculation and export. Receipts 15,
000 hales.
j Futures closed firm:
I February .
I February-March .
March-Aprll .
Aprii-May .
May-June .
June-July .
July-August .
August-September ....
Septeinber-October ...
Ootober-November . ..
November-December .
December-January ...
January-February ...
10.60
10.54
10.50
10.47
10.42
■V
10.14
9.82
9.69
9.59
9.53
9.50
NEW ORLEANS SPOT COTTON.
NEW ORLEANS, LA.. Feb. 19.—Spot cot
ton nominal and unchanged. Sales on the
spot 725 bales; to arrive 200 bales.
Good ordinary . 15.09
Strict good ordinary . 16.19
Low njlddllng .•.*••..16.69
Strict low middling . 16.94
Middling . 17.19
Strict middling . 17.38
Good middling . 17.56
Strict good middling .. 17.81
Receipts 1,400 bales; stock 431,733 bales.
NEW YORK SPOT COTTON.
NEW YORK, Feb. 19.—Spot cotton itendy;
middling 16.30.
CHICAGO PRODUCE.
CHICAGO, Feb. 19.—Butter steady; cream
ery 32 42c.
Eggs lower; receipts 2.187 cases; firsts
404 'a 40\c; ordinary firsts 39^39Vfcc; at
mark, cases Included. 40*$40V4«.
Potatoes, lower; receipts 62 cars. Wis
consin and Michigan white |2 '.0062.55
Idaho, Colorado, Oregon and Washington
white $2.50<U $2.65.
poultry, alive, stead?; fowls 20Vic; springs
20 Vac. , '
DUGGAN, MAGINNIS S CO., COTTON MERCHANTS
VARIETIES PLACE, NEW ORLEANS, LA.
' Member! NEW ORLEANS COTTON EXCHANGE, etc.
Order! aollctted tor the finkaet aed aale of cut toe (or fatare deliver/.
Cerreepundeace lavlted.
COMMISSION ON FCTL'RE CONTRACTS SI5.00 PER HUNDRED BALES.
STOCK TRADING IS
DULL; “SHIPPING"
SHARES SHOW WEAK
Advances Result Largely
j From Covering of Short
Contracts
NEW YORK, Feb. 19.—Irregular ad
vances. fairly substantial In many Instances,
were registered in the course of today's
professional market. Shippings were almost
♦ he only noteworthy exceptions to the high
er trend, those issues reflecting the further
uncertainty affecting the status of Amer
ican merchantmen.
Trading was dull, save for the first hour,
which witnessed a moderately fair turnover.
Dealings took in a larger number of in
dividual stocks than at any recent session,
these Including numerous semi-active dor
mant specialties remotely related to the war
groups.
Leading rails averaged gains of I to 1%
points. although advices from principal
transportation centers reported a halt in
freight traffic arisijig from prevailing con
gestion. Shortage of cars shows an in
crease over the figures recently announced
by the American Railway. Association.
Production at some of the western in
dustrial centers is again threatened by the
coal shortage, but points nearer east arf
catching up with this handicap.
Today's advance, like that of last Satur
day. resulted from the covering of short
contracts. This was especially true of
United States Steel and allied shares, as ,
well as metals, although the latter were
in demand on the strength of trade condl- j
Offers of as much at 37 % cents for "spot” !
copper were said ^to have been made by ]
domestic manufacturers, with concurrent ad- j
vances in by-products. Equipment shares 1
were responsive to the placing of additional !
orders and oils made appreciable gains.
Texas Company rising 7% points on a wide
spread inquiry for crude and refined prod
ucts.
Sugars, leathers, fertilisers and Industrial
Alcohol were 1 to 4 points better, their re
covery also being attributed to purchase*
for the short account. Utilities, notably
Ohio Gas and Laclede Gas, moved with the
general current. Total sales of stocks
amounted to 445.000 shares.
Transfer of $2,500,000 gold to the Pacific
coast probably represented a further draw
ing down of Japanese bank reserves here.
Bonds were irregular. United Kingdom's
losing a small fraction, while Anglo-French
6's were firm. Total sales, par value, were
93,520,000.
United States bonds were unchanged on
call.
CLOSING STOCK LIST
Bales in jHlgh.| Low. [Close,
hundreds.! | )
Allis-Chalmers .
Amer. Beet Sugar ....
American Can .
Amer. Car & Foun. ..
Amer Cotton Oil ....
Amer. Locomotive ....
Amer. Smelting ..
Amer. Sugar .
Amer. Tel. & Tel.
xAmer. Tobacco .
American zinc .
Anaconda Copper .
Atchison .
xAtlantic Coast Line ..
Baldwin Locomotive . .
Baltimore & Ohio ...
Bethlehem Steel .
Canadian Pacific ....
Central Leather .
Chesapeake A Ohio ...
Chi., Mil. A St. Paul ..
Chi., R. I. A Pac.. Ry.
Colo. Fuel & Iron ....
Consolidated Gas .
Corn Products .
Crucible Steel .
Cuba Cane Sugar.
Erie ....
General Electric.
Great North, pfd . ...
Great Nor. Ore. ctfa ..
Goodrich .
xlllinols Central .
Inspiration Copper ....
Int. M. M. pfd ctfs ..
Interna. Nickel .
Interna. Paper .
Kan. City Southern ...
Kennecott Copper ...•
Lehigh Valley .
x Louis. A Nash.
xLiggett A Myers ....
xLorillard Co.
Maxwell Motors .
Mexican Petroleum ...
National Lead .
New York Central ..
N. Y.. N. Y.. & Hart.
Norfolk A Western ...
Northern Pacific .
Pennsylvania .
Ray Consol. Copper ..
Reading ..
Rep. Iron A Steel
Seaboard Air line ....
Seaboard A. L. pfd ...
Sloss-Shef. 8. A I. ...
Studebaker Corp.
Southern Pacific.
Southern Ry.
Southern Ry. pfd «...
Tennessee topper.
Texas Co.
Union Pacific .
United Fruit ..
xU. S. Rubber .
U. S. Steel .
U. 8. Steel pfd .
Utuh Copper .
Va.-Caro. Chem.
Wabash pfd “B”
Western Union .
Westlnghouse Elec. ...
Mo.-Pac. W. I.
31 26
23 88%
231 44%
13 64 %
4 45%
61 71%
f*0[ 98%
231113 V*
2 125%
191 37%
107 78
9] 103
I
3021 55 V*
61 76 %
21375
15 154 74
69| 87
10| 60
7 81 Vi
6[ 26%
681 47%
9
105
263
141
123%
22%
67%
42%
26%
21165
9|113%
12 34%
3 56%
82
191
5
24
5
83
7
57%
73
41*
37%
22%
44%
73
55%
89%
55%
40j 96
331 39%
2|129%
'J104%
16] 54%
26j 26%
29| 92%
79%
15
33%
61%
104%
94
28%
65
16%
229%
138%
141%
707 107%
3 117%
78|110%
4 0 j 41%
25%
94%
50%
29
26
87%
44
63
44
71
97%
110%
125%
36%
77%
102%
53%
76%
375
153%
86%
59%
81
26%
45%
123%
22%
65
41%
26%
164%
112%
32%
56%
56%
71%
41%
37
22
44
72%
64%
87%
55%
95%
38%
129%
104
54%
26%
91%
78%
15
32%
61
103%
93%
28%
63
15%
221%
137%
141
88%
44%
64
45 %
71%
98%
113%
125%
207
37%
77%
102%
112%
54
76%
J75
L54%
86%
59%
81%
26%
47
123%
22%
66%
42%
26%
165
112%
33
56%
101
57
71%
41%
37%
22%
106%
117%
109%
39%
25%
• 93%
6<T%
29
Total sales for the day 430,400 shares.
x—BlU
NEW YORK BONDS
U. 8. 2s registered .
U. 8. 2s coupon .
U. 8. 3s registered .
U. S. 3s coupon .
U. S. 4s registered .
U. 8. 4s coupon .
Panama 3s coupon ..
American Agricultural 5s .
American Cotton Oil 5s ..
American Tel. A Tel. cv. 4%s .
American Tobacco 6s .
Anglo-French 5s .
Atchison gen. 4s ..
Atlantic Coast Line 1st .
Baltimore A Ohio cv. 4%s .
Central of Georgia consol. 5s..
Central Leather 3s .
Chesapeake & Ohio cv. 4%s .
Chicago, B. A Quincy Joint 4s .*....
Chicago, Mil. A St. Paul cv. 5s .
Chicago. R. I. A Pac. Ry. ref. 4s ....
Colorado A Southern ref. 4%s.
Denver A Rio Grande ref. 5s .
Dominion of Canuda 5s (1931) ....
Erie gen. 4s .
Illinois Central ref. 4s .
Kansas City Southern ref. 5s.
Ligfett A Myers 5s .
Lorillard 5s .
Louisville A Nashville un. 4s .
Missouri, Kun. A Texas 1st 4s .
Missouri Pac. consol. 6s .
New York Central deb. 6s .
N. Y.. N. H. A Hartford cv. 6s ....
Norfolk A Western cv. 4%s .
Northern Pacific 4s . . .
Pennsylvania'consol. 4%s .
Pennsylvania gen. 4%s .
Reading gen. 4s .
Republic Iron A Steel 5s ( 1940) ....
St. Louis A Southwestern 1st ..
Seaboard Air Line adj. 5s .
Southern Bell Telephone 5s .
Southern Pacific cv. 5s .
Southern Railway 5s .
Southern Railway gen. 4s .
Tennessee Copper cv. 6s ..
Texas Company cv. 6s .
Texas A Pacific 1st .
Union Pacific 4s ..
U. S. Steel 5s .
Va.-Caro. Chemical 5s .
99
99
100
100%
107%
109
99%
102
95
104
119%
92%
94%
32%
93%
100%
101%
83%
97%
104%
75%
84
• 7% |
97% '
67% j
91%
87 |
101% |
100% l
94% I
76%
104 ]
109 |
101
127%
94% :
104%
102
94%
100%
77
62%
201
100%
101%
73%
88
105
100
96%
105%
99%
* MONEY MARKET
NEW YORK. Feb. 19.—Mercantile paper
4fc4% per cent. Sterling exchange 60 day
bill* 4.72; commercial 60 day bill* on banks
4.72; commercial 60 day bills 4.71%; de
mand 4.73% cables 4.76 7-16. Francs, de
mand 5.85; cables 3.84. Marks, demand
68%; cables 68%. Kronen, demand 11 1-16;
| cables 11%. Guilders, demand 40%; cables
40 9-16. Llres, demand 7.29; cables 7.28.
Rubles, demand 28%; cables 28%.
Har silver 78%.
I Mexican dollars 6t)%.
! Government bonds steady.
Railroad bonds irregular.
Time loans firm; 60 and 90 days 3%®4
per cent; 6 month* 4<Q 4% per cent.
Call money steady; high 2%; low 2%;
ruling rate 2%; last loan 2%;. closing bid
2%; offered at 2%.
LONDON, Feb. 19.—Bar silver 38%d per
ounce. Mongy 5% per cent. Discount rates,
short bills 5% per cent; three months 6%
per cent.
A*D HAIIKit, TOO
“Pop,” inquired little Clarence Lily
white. “what am a millennium?”
“Sho!” caid his parent. "Doan* yo*
know what a millennium am, chile?
| It's Jes* about de same as a centennial,
I only it’» got mo* legs’*/
BETTER SHIPPING
* CONDITIONS GIVE.
: WHEAT FIRMNESS
Provision Values Harden
on Lightness in Stock
of Lard
CHICAGO, Feb. 19.—Improved shipping
conditions gave much firmness* today to (he
wheat market, and mo too did a material
Increase of the number of unfavorable crop
reports from the domestic winter belt.
Prices closed strong, % to 2% cents net
higher, with May at $1.75% to $1.7$ add
July at $1.50% to $1.50%. oCrn gained
% to lc, oats % to %c and provisions 2%
to 20c.
Bulla In wheat took courage throughout
the day both from the Improvement of
railway traffic and from the prospective
ending of at least a large share df the tie
up of neutral vese.ds on the Atlantic. Word
that seaboard clearances for the day
actually exceeded the corresponding total
of a year ago had an especially stimulat
ing influence. U was also officially an
nounced that nearly 600,000 bushels of grain
had been shipped out of Chicago by rail
during the last 4K hours. Discouraging
crop advices were based chiefly on the 111
effect of absence of snow protection during
sold weather In Ohio, Indiana and Central
Illinois and on the results of lack of mois
ture in Kansas. Oklahoma and Missouri.
As the fall sown crop of wheat was
seeded late and went into the winter short
•f normal growth, the complaints coming
in were said today by leading authorities
here to be worthy of attention, even though
the .period of spring growth had not yet
been reached. In »ome quarters, predic
tions of a sensational crop scare within a
few weeks were current.
In the corn market the strength *of wheat
was the dominating factor. The fact that
receipts continued to be light was a bar to
any decided reaction from advances.
Oata rose in response to seaboard buying.
It was said 1,000,000 bushels were 'taken
for the East to be shipped as 'soon as cars
were available.
Provisions values hardened chiefly be
cause of the lightness of stocks of lard.
At first, though. some uncertainty was
brought about by unexpectedly numerous
arrivals of hogs here.
Grain and provisions ranged as follows
today*
Wheat
May ....
July ....
Corn
May ....
July ....
Oats—
May ....
July ....
Pork
May 4...
July ....
Lard—
May ....
July ....
Kibe—
May ....
July
Open.
. 1.74%
. 1.49%
High.
1.76%
1.50%
L7?%
1.49%
Close
1.75%
1.50%
1.01 %
.99%
1.02%
1.00%
1.01%
.99%
1.01%
1.00%
.57
.55
.57%
.55%
.57
.56
.57%
.55%
30.07
29.50
30.25
29.70
30.07
29.50
30.17
29.70
16.85
16.97
17.00
17.12’
16.85
16.97
17.00
17.07
16.00
16.07
15.87
15.97
15.90
15.97
Cash grain ranged as follows:
Cash wheat No. 2 red ....# 1.80
No. 3 red, nominal
2 hard, nominal.
3 hard, nominal.
No 2 yellow . 1.02
16.00
16.07
® 1.80%
No.
No.
Corn,
No.
No.
Oats.
4 • yellow
4 white ...
No. 3 white
Standard .
Rye, No. 2 . 1.47
Harley .•. 1.00
Timothy. 3.50
Clover .12.00
Pork . 30.20
Lard . 16.80
Ribs . 15.50
.98 % if
.98%®
.58%®
59%®
1.02%
1.01
1.00%
:59%
.60
fjt 1.30
if! 5.50
if 18.00
at i6.oo
KANSAS 1 I I ¥ ((RAIN,
Cash wheat No. 2 hard .. 1.84 1.87
No. 2 red . 1.82 @ 1.85
Corn, No. 2 mixed.99 ft)t .99 Vi
• No. 2 white .. .99
No. 3 yellow .99 ft) 1.00
Oats, No. 2 white.59 ft) .59%
No. 2 .57 (16 .58
Ryo ... 1.43 ft) 1.44
ST. LOUIS GRAIN.
Cash wheat No. 2 white*.. 1.90
No. 2 hard . 1.86Hft) 1.83
May . 1.76*4
July -:. 1.47 H
Corn. No. 2 . 1.00%
No. 2 white .. 1.02
May . 1.01% ft) 1.02
July . 1.00%
Oata. No. 2 .58 .59
No. 2 white . 60 Vi
May .;...... .67 V4
COTTON SEED OIL
NEW YORK. Feb. 19.—Th.. cotton seed
oil market closed firm.
Spot . 13.30 bid.
February . 12.38# 12.44
March . 12.46ft 12.51
April . . 12.31# 12.33
May . 12.31 # 12.33
June .. 12.30# 12.32
July .12.286,12.30
August . 12.29# 12.30
September . 12.24 #12.25
Total sales 14,800 barrels.
DRY GOODS MARKET
NRTV YORK, Feb. 19.—Cotton goods in
the print cloth and yarn constructions were
more active today. Yarns were steady.
Novelties wash fabrics were in good call
aA dress goods firm with large filling in
ordfrs for spring goods. There wa^ a
alight advance in raw silk.
' NAVAL STORES
SAVANNAH, OA., Feb. 19.—Turpentine
firm. 48Vi: sales 9; receipts 29; shipments,
none; stocks 14,489.
Rosin firm; sales 491; shipments, none;
stocks 81,524. Quote:' ABCDECFG
H 6.00; H I K M 6.20; N 6.40; WG 6.50
WW 6.75. Receipts none.
PRICE OF EGGS iS
EXPECTED TO DROP
IN NEXT FEW DAYS
Day's Shipments on Local
Market Unsually Light
• . Monday.
day's shipments on tha local mar
ket Monday were unusually light. One car
of oranges and small shipment of black
eyed peas were the only products to arrive
In Montgomery.
I.ocal dealera report that a d,rop In the
prices of eggs Is expected to develop short
j ly. Eggs opened on the local market with
■ the wholesale price quoted at SO and SI
cents per dosen. However, allowance Is be
ing granted merchants who bought eggs at
fha quotation of last week, 86 cents, to
dispose of their stock before the expected
drop will materialise. t
Business as a whole, Is very good fOr the
first of the week.
Numerous changes were recorded by local
i fruit and vegetable dealers. The changes
I In all Instances, were advances.
Quotations on Fruit mui rreduce f«or*
rooted by M. P. Wilcoxs *
, Apples—Extra fancy Wlnesaps f7.60: fancy
| Red Streak |5.75. 9
lemons—ExtrA fancy Verdelll 810's 15.60,
I $5.25 and $5.00; choice 850’A, $4.60; each
j grade 25c more. !
I Irish Potatoee-^Fancy white stock $3.85,
Orangee—Sixes 126. 250 and 288, |2.£6: all
other sixes $8.00. *
Grapefruit—Fancy, sfxe 86-46-64-64. $8.18
Tangerines—Assorted sixes, 86*00.
Canadian Rutabagas—Choice selected stock
sacker, cwt., 83.50.
Cabbage—Nee Tork Daqlah. per evt,
$6.50. Florida cabbage per crate $6.50.
ldma Beans—New California. 12 Vic lb.
Peas—New California, blackeye, 7Vic lb.
Onions—Fancy White Pearl, (Seiecteu
Stock) $12.50; Fancy Globe $12.00.
Banana*—$1.6v, $1.76; $2.60 and $8.00.
Almeria Grapes—Extra* fancy, heavy
weight, $6.60; fancy, heavy weight, $6.00;
No. 1 heavy weight, $5.60.
Cocoauuta—Big Money Brand, 100 to each,
average weight, 175 lbs., $$.60.
Poultry and Kggs.
Eggs—Fresh. 85c a dozen.
Chickens—Hens, 40c; frier* 80 to 86a
Ducks—60 to $0 cents.
Turkeys—Live. 20c pound.
Staple and Fancy Groceries.
Sugar—Granulated. 8lie; fancy Y, Cm $e
pound.
Meal—Roller, 06 lbs., $1.80; Water Ground,
$1.86.
Coffee-t-Roasted. IS to 86c: No. 8 can 80e
to gl.00; Prime 10010c; Fancy 800 tie;
Peaberry, 30c; Arbuckle's, $11.86’ per case;
Montgomery \ sale: Moch and Java Blend.
250 82c.
Extracts—Vanilla, $8; Lemon, etc., 87 per
gallon.
Molasses—Sugar House. Sic; Prime Cea*
trigual, S0O$6c; Corn 8yrup, 24 0 86c; Geor
gia Cane 86 to 40a
Vinegar—Distilled. In half barrel* 16o;
White Wine stock. In barrels, 16o; Pure
Apple, In half barrels. SSc gallon.
Rice—7c pound.
Dried Fruits—Fancy Peaches, 36 lb. boxes,
• Vic lb.; California Prunes. 3$ lb. boxea
• VA to flc; Apples, 12 ox. carton* ?Yio lb.
COFFEE MARKET
NEW YORK, Feb. 19.—There was heavy
liquidation of March contracts In the •mar
ket. for coffee futures here today, chiefly
in the way of switching to later deliveries.
Reports of lower ocean freight rates and
easier war risks insurance, followed by
lower cost and freight offers also seemed
to bring in some trade selling, and after
opening 1 to 2 points lower, prices broke
rather sharply. March was relatively easy,
selling off to 8.00 or 24 points net lower,
^hile December declined to 8.48 or 23 points
net lower, and July showed a net loss of
20 points. Closing prices were a shade up
from the lowest on some gf the later de
liveries. but showed a net decline of 15 to
25 points. Sales were reported of 160,750
bags, of which 105,00 Obags represented
switches.
February .. 7.98
March . 8,00
April ..*... 8.10
May . 8.20
June . 8.25
July . 8.30
August . 8.36
September ....'.. .... 8.42 •
October .... 8.45
November . ........ 8.48
December . 8.52
January . 8.56
Spot coffee quiet: Rio 7s, 10 cents; San
tos 4s, 10V&C. Offers of Santos 4s were1 re
ported in the cost and freight market at
9.75 to 9.87 London credits. The of
ficial cables quoted freights from Brasil
to the United States at 11.25 per bag with
5 per cent primage compared with a recent
rate of $1.70.
8antos reported a clearance of 36,000 bags
for. New York. The only change reported
in the primary markets was an advance of
60 reis for Santos futures. Brazilian port
receipts IS,000 bags; Jundiahy 4.000 bags.
war fh.
oil stocks
If you are interested in the
effect present international con
ditions will have upon oil sales
and upon the Mock market prices of oil
securities, we have prepared an interest
ing letter upon the subject which yoa
may have free for the asking, if ta your
request you specify
Special Letter pcs
lit South La Sail# Street, Chi sage, UL
Leeg Dirt.... Huai, Hints.■ 4..S
An Important “Don’t”
* Don’t go through the world tagged as
a failure. Success and independence
belong to you if you only make up your
mind to act instead of dream.
The best acting you can do is to start
saving. The easiest way to save is to
open an account here, where there is
SAFETY and 4 per cent.
The fourth National Bank
Winter Excursion Fares
-Via
ATLANTIC COAST LINE
“The Standard Railroad of The South”
To All Points in Florida and Cuba
Tickets sold daily until April 30th, 1917
Return Limit May 31st, 1917
For further information write or call on
W. M. Hays, 0. T. A., ph. 261 B. F. Fuller, T. P. A., ph. 891
S. T. Suratt, D. T. A., Ph. 710.
*wSofe?BeDt
75,000 thing y^l•^JZAHoil'
78,..V. .U*.,10) **«*"! '
. «-5fS5ii-^.^.?!*"«' *"wo#
* learn “S' • ■/ *.. .7.* 1780,000
of‘be Anderaol te°* fr°m a letter ^ £ N0^
J- The Company s?.r Co™Pany, Jfr. j q® *th® President
®ad business nrl Succeeds to the „i« 4 - -^aderson •
Pock Hi]] S c gaV?ation of the S°od-wiIl asse**
s“ ,hM «»'«.*SSi W<ST5
J!KK,> «• fcJltt ■*? ***l3te 1°“ 0” «■•
2- The present a : t0ps’ «PhoAterSr
sufficient tn n ? earnings of the p
a!ft^NWathl’^:
5. During the year 1917, it is calculated the Company
will manufacture not less than 1,200 cars, a great portion
of the materials for which have already been contracted •
for, and on which the estimated profit is about $150,000,
or almost four times the interest on the preferred stock.
The Company expects to manufacture 3,000 cars in 1918,
and in 1920, not less than 5,000 to 6,000 cars, the profits on
which should amount to $350,000 to $500,000, or at the
rate of 50 to 75 per cent, on the Common Stock, after play
ing 7 per cent, on the Preferred Stock.
6. The Company has-in hand contracts and orders for
three times its productive capacity.
7. The Anderson Motor Company is a Southern organ
ization, managed by Southern men, and financed with
Southern capital. The management is the^fore desirous '
' of distributing the stock in the States of North Carolina,
South Carolina, Georgia, Florida, Alabama, Mississippi,
Louisiana, and Tennessee. * !
8. The cost of labor, and the freight on a large part
of the raw material used in construction, is less than that
paid out by other automobile companies.
9. The best and most expert manufacturers of automo- ,*•
biles obtainable, are in charge of each department.
10. Automobile companies have been uniformly profit
able where honestly managed. In one instance, the profit
from $100 invested, has amounted to $33,000. \ .
11. The. Andersen Motor Company is incorporated un
der the Laws of South Carolina, and all legal matters have
been passed upon by Messrs. Wilson & Wilson, of Rock
Hill, and Judge Ira B. Jones, Ex-Chief Justice of the Su
preme Court of South Carolina, copies of whose opinions
will be mailed on request. \
12. The Directors of the Anderson Motor Company
are:
‘ DIRECTORS:
T. I>. JOHNSTON, Pres. Peoples National
. Bank, Rock Hill, S. C.
ALEXANDER LONG, Pres. Aragon Cotton
Mills, Arcade Cotton Mills, Rock Hill, S. C.
Baldwin Cotton Mills, Chester, S. C.
CLIFF WILLIAMS, Pres. WilliamB Machine
Co., Meridian, Miss.
ST. ELMO MASSENGALE, Pres. Massengale
Advertising Agency, Atlanta, Ga.
W. H. BARBER, Pres. Citizens Nat. Bank, Moul- ,
trie, Ga.
J. A. CARR, of Carr Bros., Hattiesburg, Mi«ff • .
J. G. ANDERSON, Prfis, Rock Hill Buggy Co
Rock Hill, S. C. %
J. W. ANDERSON, Mgr. Rock Hill Buggy
Co., Rock Hill, S. O. J
13. The following are a few of the prominent stock
holders in the Company:
STOCKHOLDERS: ' ' .
JOS. HULL, Pres. Merchants National Hawk
Savannah, Ga.
CLARK HOWELL, Editor Atlanta Constitution, *
Atlanta, Ga.
J. LEE ETHEREDGE, Fertilizers, Augusta, Ga.
Price $10.00 and accrued dividend, and for each share of
preferred stock subscribed for, there will be given a bonus
of one-half share of common stock. In other words, (he
subscriber to 10 shares of preferred stock gets a bonus of
5 shares, non-assessable and full paid, common stock!
Payment for the stock may be made in full, or at the
option of the purchaser, as follows: 20 per cent, at the
time of purchase, 20 per cent, in three months, and 10
per cent, each three months thereafter, with 7 per cent,
interest on deferred payments. Interest on preferred
stock will accrue from date of first payment.
The above information, while not guaranteed, was ob
tained from sources which we regard as reliable.
You may write, telephone or telegraph collect
JOHN W. DICKEY,
Stock* and Bonds | . AUGUSTA, GA.
x • Make all checks payable to the 'Anderson Motor Co.
I-_■ =^~
[Ray Coal Co.
PHONE
2613