The Montgomery advertiser. [volume], June 14, 1917, Page TWELVE, Image 11

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

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SAFETY FIRST
Sbr SCHOOLS
SAFETY it the first consideration in modern
school architecture; security for the children,
protection from fire and weather and from
dampness. In the search for material that insures
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leading school architects everywhere have accepted
as the standard
No other roofing offers such a record of long rim*
service and satisfaction as Carey Roofing. It was'
the first composition roofing on the American mar*
ket and its leadership has never been seriously
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approved it for its fire resisting qualities. Thousands
of installations have demonstrated its perfect
weather-proofing efficiency, its long life and funda
‘ mental economy.
Carey roofing can be applied to your building In the ready
made form, as a uniform, seamless covering, or built up on the
job to meet the requirements of complicated structural details.
W« are equipped to furnish information,
estimate* end expert construction eerrioe
The Young & Vann Supply Co.
SOLE DISTRIBUTORS
FOR ALABAMA TERRITORY
ff. E. CAMPBELL’S COTTON EXCHANGE
117 Bibb 8t., Moatcomwy, Ala. I'bai 1711
Cottea, Cottea Seed Oil* biocaa. Urain n u ti I’revlaloaa.
Wtalwr brnr Orleuua ^utton fgachaage.
CntHiulnt Ikeyirl u< Glaek, New Orleaaa, aad IS. \V. Wader aad C#..
Chicago, in.
Members New York Cottaa ISarbnnge aad Chicago Board of Trade.
C. C. Del.ANY. Manager.
Coal
PHONE
76S
HIU
RECOMMENDS HI
OFEJIlRPn
Federal Body Requests
Legislation to Protect
Newspapers of U. S.
(Associate* Press.)
WASHINGTON. June 13.—Pooling of
news print paper production and Im
portation. under a' government agency,
for distribution to publishers at a p.lct
providing a fair profit to manufactur
ers was recommended today by the
Federal Trade Commission .a a rep„..
on its Investigation of the paper in
dustry conducted during the last year.
The commission also suggested that
the government seek to induce Cana
dian authorities to establish a similar
agency to co-operate with the Amer
ican pool.
In a letter transmitting the report
to the Senate which ordered the inves
tigation, the commission asked emer
gency legislation to make the recom
mendation effective. It declared that
if the 1918 consumption of 1,775,000
tons of print paper is equalled this
year, the cost to consumers will be
8105,000,000, an Increase of 835,000,000
over 1916. and that one-half of this In
crease represents additional profits to
manufacturers. —.
Voluntary Plan Abandoned. '
The voluntary agreement arranged
with manufacturers several months ago
for distribution of paper to publish
ers at moderate prices was abandoned,
the commission reported, and the plan
failed because no government author
ity for enforcement existed. The sit
uation is serious and likely to reach a
panic state In a few months because
of lack of sufficient competition among
producers, said the commission.
A preliminary report was presented
March 3. The letter accompanying the
final report today said:
“The efforts of the commission, to
restore competitive conditions in the
news print Industry expeditiously and
to arbitrate and effectively project a
fair pries for news print paper have
failed,
“The plan failed for several reasons,
the principal reason being that the ar
rangement was voluntary and the com
mission had no power or warrant un
der the law to make it effective. Th£
manufacturers signatory to the agree
ment notified the commission that they
would not proceed under such arbitra
tion agreement. The result has been
that news print paper has been billed
and sold at the same exorbitant prices
that obtained in many instances here
tofore.
Situation Serious.
"The news print paper situation is
very serious, not only to the consum
ers of paper but to the public gener
ally and the government of the United
States which is itself a' large consumer
of paper. The commission has reason
to believe that this situation will be
still more aggravated and serious in
the ensuing months. The demand for
news print paper Is constantly in
creasing and gives promise of still
greater Increase with the continuance
of the war. The supply of news print
paner available to meet this demand
Is dependent upon mills already In ex
istence.
Cesaegueaeea WU1 Be Serious.
*Tt seems probable, tberefpre. that
with the demand for news print paper
Increasing and the supply remaining
constant or possibly diminishing there!
will be a repetition of the panic mar
ket of last year and the exaction of
prices that are entirely out of measure
with the cost of production. The con
seauences to thousands of smaller
newspapers and to many of the larger
ones, and, through them, to the read
ing public will be serious.
"By reason of this condition and be
cause of the vital Interest to the pub
lic of an efficient dissemination of news
In this crisis, the commission recom
mends as a war emergency measure
that Congress by appropriate legisla
tion provide:
"First—That the mills producing and
all agencies distributing print paper
and mechanical and chemical pulp in
the United States be operated on gov
ernment account; that these products
be pooled In the hands of a govern
ment agency and equitably distributed
at a price based upon cost of produc
tion. plus a fair profit per ton.
"Second—That pursuant thereto some
Federal agency be empowered and di
rected to assume the supervision and
control thereof during the pendency
of the war.
"Third—That by reason of the fact
that approximately 76 per cent, of the
nroduction of news print paper In
Canada comes to the United States
proper action be taken to secure the
co-operation of the Canadian govern
ment in the creation of a similar gov
ernmental agency for the same func
tion. which shall bs clothed with pow
er and authority to act Jointly with
the governmental agency of the United
States for the protection of consum
ers and manufacturers of print paper
and the public of the United States and
Canada.
rvunn—i nai in case tne Canadian
government shall not Join In such a co
operative enterprise, then Importation
of DaDer and mechanical and chemi
cal pulp Into the United States shall
be made only on government account
to or through the Federal agency
charged with such supervision and dis
tribution.
Public Agency to Direct.
"In this connection the commission
desires to point out that ouch a plan
contemplates the operation of mills un
der their present management and the
use of the present distributing agen- ,
cles. but that such use and operation
shall be for the public good, directed <
bv a disinterested public agency, to
secure equitable distribution and a price '
that is based upon a fair cost of. pro
duction and a fair profit per ton to be
determined without regard to the panic [
market created by unusual and abnor
mal conditions.
•Thio plan has the virtue of being
analogous to those plans which have
been tried and successfully operated In
Orest Britain. It will also Insure the
maximum production and greatest fa- '
clllty In transportation and distribu
tion and will adapt Itself readily to i
a return to normal competitive condl- :
tlons upon the conclusion of the war"
DUKE IS ILL.
(Associated Press.)
PHILADELPHIA, PA.. June 18.— i
Benjamin N. Duke, the tobacco menu- '
facturer. la in a sanitarium In this
city and is said td be seriously ill. Mr.
Duke came here from Durham, N. C.
a month ago apparently Buffering from
a nervous breakdown. Since then a
more deep-seated Illness Is said to have
developed.
BABY’S SLAYERS UNKNOWN.
(Associated Press.) 1
SPRINGFIELD, MO., June IS.—A '
coroner's Jury which heard the testi
mony of the four men who recovered
the body of baby Lloyd Keet. kidnaped
son of J. H. Keet. Springfield banker,
from an old well on the Crenshaw farm
last Saturday, returned a verdict to- 1
day that the child "came to his death
at the hands of parties to this Jury uu !
know^.1* t; . !
FRANCO FINED S1Q0
AND GIVEN 4-MONTH
HARD lABORSENTENCE
Appeals From Decision of
Police Judge, in Prohi* •
bition Case
A fine of |100 and costa and a hard
labor ssntanca of four months wars
imposed on Blmanto Franco by Com
missioner' Stough In police court Wed
nesday afternoon for alleged prohibi
tion violation. He appealed to the cir
cuit court, making a bond of $100.
The case grew out of a raid executed
by the police Saturday afternoon at
No. 210 1-2 Bibb street. Three white
men testified in police court that when
the police entered they were sitting at
a table in an upstairs room,, each
drinking a bottle of beer, which had
been brought to them from a rear room
by Milton Crawley, negro waiter, for
which they paid 3$ cents a bottle.
When the negro observed the police, he
Jumped through a window, escaped,
but later surrendered and paid $30 and
costs fur prohibition violation.'
According to the evidence, the police,
besides finding the three bottles of
beer in the front room, also found a
quart of qthlskey, and, hi the next
room, found eight bottles of beer on
ice, as well as a bottle partly tilled
with whiskey. Franco did not take
the stand at the trial.
The case of H. L. Ward, accused by
a soldier of violating the prohibition
law, was not tried, owing to the ab
sence of the soldier. The case was
continued under the agreement that it
the soldier does not appear in court
June 19 the case will be dismissed. The
ueiinse ueciaies that It is anxious tor
a trial.
A case of reckless ,auto driving
against Jacob Brlckman was dismiss
ed. The court also discharged Wade
Hannon, a 13-year-old young man,
who was accused of speeding and also
of violating the city 'traffic ordinance.
LIVESTOCK MARKETS
ST. 1-0UIS LIVE STOCK.
ST. LOUI8, MO., Juna 11.—Hogs, receipts
>.800; higher.
L**hU . 15.16015.45
**18* . 10.00014.26
Mixed and butcher* . 16.06 015.00
Hood heavy . 16.55015.00
Bulk . 16.10015.00
Cattle, receipts 0,000; stoady.
Native beef steers . 7.60013.00
Yearling steers A heifers .... t.50013.25
Cows . 0.00011.00
Stockers and feeders . 0.00010.00
Texas quarantine steers . 6.600 9.50
Prime Southern beef steers .. 8.00011.50
Beef cows and heifera . 4.250 9.00
Prime yearling steers A heifera 7.50010.00
Native calv.ea .. 0.00014.25
Sheep, receipts 1,900; higher.
nipped lambs... 18.00015.00
Clipped ewes . 9.00 010.00
Spring lamba .. 12.00017.00
Canners . 4.000 5.75
CHICAGO LIVE STOCK.
CHICAGO, Jure 13.—Hogs, receipts 20,000;
unsettled, mostly 15 cents above yesterday’s
average.
Bulk. 14.90015.70
Light . 14.25015.40
Mixed . 14.50015.80
Heavy . 14.75016.85
Hough . 14.75015.00
Bigs . 10.25 014.75
Cattle, receipts 19,000; weak.
Native beef cattle . 0.25013.76
Stockers A feeders . 7.40 010.00
Cows A heifers . 4.25011.86
Calves . 10.25015.25
Sheep, receipts 1.000; etrong.
\Vetheis . 8.40 011.20
Ewes . 7.60010.00
Lambs . 10.00015.25
KANSAS CITY LIVE STOCK.
KANSAS CITY, MO., June II.—Hogs, re
ceipts 4,000; higher.
Bulk . 14.90016.46
Heavy . 15.60 016.76
Bacaers and butchers .. 16.20 015.45
Lights . 14\4a016.25
k-'ig* . 13.60014.50
Cattle, receipts 7,000; including 1.600
Southerns; strong.
Prime fed steers . 12.60013.50
Dressed beef steers . 10.00012.26
Southern steers . 7.25 012.76
.. 0.60 011.00
Heifers . 8.60 013.00
Stockers and feeders . 7.76011.00
Bulla ... 7.000 9.75
Halves . 7.00 013.00
Sheep, receipts 4,000; higher.
Iambi . 16.60018.75
fearlings. 10.00 012.00
Wet hern . 8.00011.00
. 8.60010.60
SUGAR MARKET
NEW YORK. June 13.—Uncertalnty
in to Ju*t what action Washington will
take In regard to the food situation and
the proposed taxes is restricting opera,
tions in all departments of the sugar
market. In raws there were no sales
sported, although the under tone was
tirm with holders asking five cents for
June and July shipment but with no
Inquiry reported. In the absence of
business prices remained nominally
jnchanged at 4 7-8 cents for Cuba’s
:ost and freight, equal to 5.89 for cen
Irifugal and 5.01 for molasses.
In refined no new- developments oc
curred and prices were unchanged at
7.50 for fine granulated with only a
small demand noted.
Operations in sugar futures were
nmall, total transactions amounting to
only 3,800 tons and trading confined
:o three positions. Trice movements
were very narrow and Irregular, near
months being slightlv lower under
liquidation and late months steady on
i llttls demand from trade Interests
ind covering. Final prices were 2‘
points lower to 2 net higher. July
lold from 5.07 to 5.05, closing 5.06;
September 5.18 to 5.16, closing 5.17*
December 5.01, closing 5.01; January
closed 4.77. ,
LOUISVILLE LIVE STOCK.
LOUISVILLE. KT.. June 12.—
Prime to fancy export steers 11.00012.00
io>d to heavy shipping steers 1O.OO0H.OO
Aght shipping steers . 9.00010.00
lood to choice butcher steers 9.75 010.75
bfedlum to cood butcher steers 1.75 0 L75
iood to choicer fat heifers .. 10.00011.25
Medium to choice fat heifers 8.60010.00
lood to chotcs fat cows .... 8.25 0 8.50
Hedlum to good fat cows 7.000 8.25
’utters .,. 8.500 7.00
Tanners ... 6.00 0 6.50
lood to choice oxen . 9.00010.00
dsdlum to good oxen . 8.000 8.00
lood to choice bulls . 9.00 0 8.50
dedium to good bulls . 8.000 8.00
Tommon to medium bulls .. 6.000 6.00
lood to choice veal calves .. 11.00011.50
tiedlum to good calves . 8.00 011.00
’ommon and rough calves .. 7.000 8.50
lood to choice feeders . 8.60 0 8.00
Medium to good feeders. 7.50 0 8.50
lood to choice stock steers .. 8.000 8.50
►tedium to good stock steers .. 7.00 0 8.00
lood to choice stock heifers .. 7.600 8.25
dedium to good stock heifers 6.750 7.50
lood to medium milk cows .. 66.00085.00
dedium to good milk cows .. 45.00065.00
Ho**, receipt* today «t«ady with that ol
-eaterday. Quotation* as follow,:
Market for ho** today ataady to dims
ower. Quotation* a* follows:
lood to choice, heavy hoc*. 250 lb*.
and’ up . 15.IB
rholca packer* A butcher*. 15.15
dedlum to *ood packer* . 16.16
,l*ht». 120 to 105 lb*. 14,4#
,t*ht pl*a. 60 to 00 lb*. n.io
Choice pic*. »0 to 120 lb*. -.... u.,j
tou*h« * skips . 13. »S
l.amb receipt* steady. Quotations as fol
owe:
holes fst sheep . 9.75 010.00
dedlum to good sheep. 4.000 6.00
Jucks . 6.000 8.00
Tholce Spring lambs. 16.00016.75
leconds .. .. 12.000 12.50
Tulls and tall ends . 6.00 011.00
DRY GOODS MARKET
NEW YORK. June 13.—Dry goods
narket* were strong today. Price* on
otton* showed a rising tendency
hough many quotation* were noml
ial. Knit good* men are showing in
ereat In spring 1#18. Burlap* were
lrra. i
FINANCIAL MARKET
ACQUIRES NEW LIFE
RECAUSE OF STEEL
TORK. June Li.—Tit* marital
acquired 'a new lease of Ilf* today,
primarily on the overnight decision ui
the director* of the united Utatei
steel corporation to declare anothei
®*tra" dividend of 3 per cent on the
common atopic for the current quar
Thla action, ft !■ believed virtually
insures full dividend returns of li pet
cent on the common shares for tha
calendar year. Moreover It bespeak!
the confluence of eminent trade au
thorities in the future of the steel in
dustry. Declaration of other Increased
or extra* dividends, the whirlwind
wind up of the Liberty Doan cam
paign with its rush of small snbscrio
•r* and the stgullily of money rate!
was additional factors of sentimental
value.
United States Steel was absorbed In
countless lota of 1,000 to 20,oou shares,
the price rising steadllv to 134 *-», an
overnight advance of 3 3-4 points and
closing at 133 7-3. At Its top steel
equaietl 138 6-8, Including recent di
vidend pvments, and exceeded Its pre
v*cua maximum by, 1-4 of a point.
. ®«thlehem Steel new stock also es
tablished a new maximum at 16$ and
Industrial Alcohol recorded a similar
achievement at 171 1-4. both Issues re
ceding moderately at the end. A ma
of the other equipments and af
filiated Industrials rose to highest
prices of the year, A general Increas*
or demand was manifested In all part*
of the railway division, th* Inquiry
ranging from high grade Investment
Issues to many of the low priced or ra.
organised roads. Extreme gains of 1
J° °'r#r 3 points marked the trading
,n these stocks, but these, too, war*
Partly forfeited on realising saled?
shippings, oils, motors, utilities and
numeioua unclassitied specialties, par
ticipated In the rise at gross advances
9f 1 to 4 points. The only stock to
ulsplay heaviness was Delaware and
Hudson, which yielded almost three
points on litigation Involving payment
of the next dividend. Total sales
amounted to 1.215,000 shares.
Yet another low record for rubles
and slight easing of llres were the fea
tures of the exchange market.
Bonds were Irregular, a few Im
portant Issues tending downwards.
32 326*000*****’ Par “KRfeKated
United States bonds Issues declined
3-4 to 1 per cent on call.
CLOSING STOCK LIST
kslea In | High. I Low. |<;iose.
hundreds,!| |
Amer. Beet Sugar _ ll| >7 I »4
j 6014
American Can . 3S| 5114
Amer. Car * Foun. .. |j 75 \ 74Vi
American Locomotive 411 7J%| 7314
Amer. Smelting . 277|m*|108H
»«
60 T4
74 H
7314
111 ,
American Sugar . 77|1231i|mi4li32>l
A mas Tal k. am - i n; ■ n . . -. _ ■ . *
251102V*
I.
53)116
Ml <7%
7| 74
<4|155
21 H%
44| 76%
*51 36%
?0| 64%
11104.
H2| <5%
74| 29%
Amer. Tel. * Tel:
Anaconda Copper ...
Atchison .
(Atlantic Coast Line .
A.. Q. A W L 8. S. U
Baldwin Locomotive .
Baltimore A Ohio ...
Bethlehem Steel * B”
Canadian Pacific . 6|162%
Central Leather . 2111 99%
Chesapeake A Ohio .. 64 «i%
Chi. A Oreat *West’n .
Chi.. Mil. A St. Paul
ChL. R. I. A Pac. Ry.
Colo, ruel A Iron ..
Corn Products . 87| 33%
Crucible Steel . 255| 82%
Cuba Cane Sugar - 69| 45%
Erie . 104| 2<%
General Electric . 51162%
General Motors . 401111
Great North, pfd _ 17|108%
Great Nor. Ore ctfs .. «| 38%
Illinois Central ... -
Inspiration Copper
lnt. Mer. Marine .
Int. M M. pfd ctfs .. 256j 83%
Interna. Nickel . 7| 41%
Interna. Paper . 29| 43%
Kansas City Southern 4j 23%
Kennecott Copper .
Lou la. A Nash. ...
Maxwell Motors ...
Mexican Petroleum
Midvale Steel . *0
Missouri Pacific . 79
Katlonsl Lead .. 1
Nevada Consol, i. 14
New York Central .... 63
N. Y., N. H. A Hart. 21
Norfolk A Western ... 11
Northern Pacific . 26
Ohio Cities Gas ...... 14
Pennsylvania . 4
Kay Consol. Copper .. 29
Reading ..
Rep. Iron A Steel
Seaboard Air Line
3eaboard A. L. pfd
Sinclair OH A Refln.
Sloss-Shef. S. A I.
Southern Pacific. S2j 94%
Southern Railway 198| 28%
Southern Ry. pfd .... 13| 58
2!122%1121%|121%
134| 85%| 84 % | 86%
112% 115
Ml 4T%
21 48%
158
<28
185
8
5
102%
<5%
29%
67
2<
92%
3<%
126%
105%
139%
53%
30%
99
94%
14
29%
101% 102%
113
M
73%
152%
M2
08%
60%
11%
75%
35
63%
32
80%
44%
26%
1*2
110%
108
33%
104
*4%
37%
80%
41%
41
22%
47
48
•<%
73%
151%
162
08 %
61
11%
75%
36%
64%
32%
82%
44%
26%
162%
110%
108%
33%
104
65%
28%
82%
41%*
42
22
47
126%
48%
99 (102%
<4%
28%
57
25%
92
85%
125%
104
138
58
30%
96%
92%
13%
28%
49| 54 % | 64
21| 62%
111
Studebaker Corp.
Tennessee Copper
Texaa Co.. 8
Union Pacific . 82
United Rrult . 5
U. 8. Ind. Alcohol .. 289)171%
U. S. Rubber . 14L <1
U. S. Steal .S827|184%
82%
7 17
216%
138%
136%
U. S. Steol pfd
Utah Copper ...
Va.-Caro. Chem.
sVa. Coal A Coke
Wabash pfd “A". 71
Western Union . 7
Westlnghouse Elec.
8|117%
331*16%
61 43%
50%
94%
53%
60
93%
27%
56%
79%
1*%
216
137%
135%
166% 168
60%
182%
117%
115%
48
49%
93%
62%
65%
29%
67
25%
92%
36
125%
104%
139
63
30%
98%
93
14
29
54
61%
04%
31%
*7%
82%
16%
216%
187%
116%
61
184
117%
116%
43%
•7
60
•3%
53%
Total sales for the day 1,280.000 shares.
a—Bid.
NEW YORK BONDS
LT. 8. !i registered .
U. B. 2s coupon .
U. S. Ss registered..
U. 8. Ss coupon ...
U. B. 4s registered .
U. 8. 4s coupon .
Panama Ss coupon .. .
American Agricultural dab. 6s .
American Cotton OH 6s .
American Tel. St Tsl. clt. 6s .
Anglo-French 6s .
Atchison gen. 4s .
Atlantic Coast Lins 1st 4s .
Baltimore ft Ohio cv. 4 Its .
Central of Georgia consol. 6s.
Central Leather 6s ..
Chesapeake ft Ohio cv. 6s .
Chicago, B. ft Quincy Joint 4s .
Chicago. Mil. ft Bt. Paul cv. 4%s ....
Chicago. R. I. ft Pac. Ry. ref. 4s ....
Colorado ft Southern ref. 4 Ha .
Denver ft Rio Qrande ref. 6s .
Dominion of Canada 6s (1SS1X.
Erie gen. 4s ..
Illinois Central ref. 4a ...
Ent. Mer. Marine fs .
Kansas City Southern ref. 6s.
Liggett ft Myers 6a .
Lorlllard 6s .■.
Louisville ft Nashville un. 4s .
Missouri. Kan. ft Texas 1st 4a ....
Missouri Pacific gen. 4s .
Sew York Central deb. is .
Norfolk ft Western consol. 4s .
Northern Pacific 4s .
Pennsylvania consol. 4%s .
Pennsylvania yen. 4%a.
Heading gen. 4s ...
Republic Iron & Steel 6s (1440) ....
St. Louis ft San Fran. adj. ts.
St. Louis ft Southwestern 1st.
Seaboard Air Line adj. 6s .
Southern Bell Telephone fie.. .
Southern Pacific cv. 6a.
Southern Railway 6s .
Southern Railway gen. 4s.
Texas Company cv. ts .
Texas ft Pacific 1st .
L'nlon Pacific 4s .....
U. b. 8teel 6s ....
Vtrglnla-Caroltna Chemical 6s.
Wabash lets .
Western Union 4%s ...
»6%
45 %
44%
11%
104
104
*7%
101
41
44
41%
40 %
84
84
47
100
•Mi
46%
41%
71%
74%
6ft
48%
• 1%
44%
41%
<4%
44
47%
4814
47%
•0%
105%
i»%
it
102%
44%
41
.46%
44%
7414
-
99*
98*
68
108
97*
98
104%
97*
100*
92
MONEY MARKET
NEW YORK. June 1*.—Mercantile paper
5 per cent Sterling, •• day billa 4.72; com
mercial. 60 day bills on banks 4.71*. com
mercial #0 day billa 4.71*; demand 4.75*;
cables 4.76 7-16. Franca, demand 5.78*;
cables 5.72*. Guilders. demand 40 6-16;
-able* 40*. Lire*. demand 7.05*; cables
1.04. Rubles, demand 28.15; cables 28.80.
Bar silver 77.
Mexican dollars 69%.
Government bonds weak; railroad bonds
irregular. I
Time loans firm; $0 days. 90 days and 6
months 69 5*.
Call money steady; high 4*; law 4*: rui
ng rate 4*; last loan 4*; closed 4*9 4*.
LONDON, June 11.—Bar allver 29 l-16d
per ounce. Money 4 94* percent Dls
ount rates’ Short bills 4 11.16 per cent;
hree month* bills 4% per cent.
. NAVAL STORES
SAVANNAH. OA.. June 11.—Turpentine
’Irm 44%; sale. Ill; receipt. 440; shipments
’6: stocks 14.064,
Rosin firm; sales till reeelpte t.174;
ihlpments 1,777; stocke 41,444. Quote: A
9 5.60; C‘D E 4.70; F 4.74; Q 1.14: H 4.46;
! K 4.44: If 4.14; N t.*»i WO 4.6•; WW
it* , „\ . . »
-r. ■
June 14th, 1777
We adopted the flag that
Today, June 14,1917
still stands for
LIBERTY
FOR THE WORLD
Montgomery’s citizens today welcome
and honor the Nation’s Great Soldier,
GENERAL LEONARD WOOD
The Fourth National Bank
Local Cotton
* r
Official quotations of the Montgomery
Cotton Exchange aa baaed on actual trade*
I made yesterday, are given below. Where no
sales are actually scheduled the quotations
are for the business transacted on the day
Middling fair . 24.62
Strict good middling. 24.50
Good middling . 24.28
Strict middling: .'..U.. 24.19
Middling . 24.00
Strict law middling . 21.75
Low middling . 22.28
Strict good ordinary . 23.00
Good ordinary . 22.50
Sale*, none.
Spot cotton mounted again to newer
realm* in Montgomery Wednesday, advanc
ing one-quarter of a cent and bringing mid
dling up to an even 24 cents. At this price,
no sales were reported in this city. In New
Orleans spots advanced 19 points, middling
being worth 24.19 and in New York there
was an advance of 55 points in spot*, put
ting middling at 25.55. *>
The market continued on its rampage
Wednesday and although futures opened
weak, they closed 20 to 50 points Above thk
close of Tuesday.
Cotton men remain baffled over the situa
tion and, on a whole, appear to be refrain
ing from plunging into the market. It was
stated that owners of cotton in thia city
are freezing to it like grim death, most of
them believing that the staple will reach
30 cents.
COTTON MARKET IS
IRREGULAR; HIGH
RECORDS ARE MADE
NEW YORK, June IS.—The cotton market
showed continued excitement today with
fluctuations extremely nervous and irregular.
New high records were established for all
deliveries, with October contracts selling up
from 24.15 to the 25 cent level, or 85 point*
above last night's closing figures. Reactions
followed with that delivery closing at 24:69
and with the general list closing steady at
a net advance of 9 to.24 points.
A sharp break In Liverpool Just before
ths local opening was followed by a decline
of 2 to 22 points at the start here, with
July relatively easy on reports that many
Inquiries were being received from the South
with a view to shipments for delivery on
contract. Prices almost Immediately
steadied up on buying by houses with
i Liverpool an 1 New Orleans connections,
however, and by the middle of the morning,
active months were selling 22 to 26 points
net higher. This bulge me* increased offer
ings with the disposition to take profits
promoted by expectations of a favorable
weekly weather report at mid-day and there
were reactions of ssvsarl points. July was
again relatively weak selling a point under
last night's close while later months lost 25
or SO points of the early advance. The
weekly report of the weather bureau, how
ever, seemed a disappointment to some of
the early sellers, and was followed by an
other big bulge in prices on covering. There
also seemed to be a renewal of trade de
mand, and the advance was stimulated by
strength in New Orleans. July contracts
sold up to 25.26 and December to 25.14,
making advances of 44 to 65 points from
lert night’s closing figures.
There seemed to be more cotton for sale
at the 25 cent level for October, and later
fluctuations were extremely irregular, with
the new crop relatively firm. Reports from
tJh* goods trade Indicated that the advance
in raw material had served to check busi
ness, as many sellers had withdrawn offer
ings for forward delivery, and there were
(rumors that cotton was heading toward
’New York trom several Southern points for
delivery on July contract*. Exports for the
day were 2,400 bales, making 4,922,121 so
far this season. Port receipts 6,644; United
States port stocks 859,740.
N. O. COTTON
i>i>n uivu&a.'io, tiling 10.—AltnOilgn
there was hesitation in the early trading
on cotton here today, the market gradual
ly strengthened and In the afternoon rose to
new high levels for the season on the new
crop months. Buying was based on tht
fact that the weekly' weather and crop ac
counts did not show as much Improvement
in the belt as expected and on anticipation
of bullish monthly mill figures from the
census tomorrow. A considerable volume of
short selling was put out In the early ses
sion and the covering of this was an im
portant factor in the advance later.
Around the opening prices were 31 to 38
points off In sympathy with a poor Liver
pool. Also, the weather map was generally
called favorable and the trade looked fon
bearish weekly crop reporta The Initial
decline did not last long as It met new buy
ing which caused a quick recovery and ad
vance which finally amounted to about $2
a bale. Further reactions followed, which
all but wiped out the net advance, but In
the afternoon the tone firmed up and prices
rose to a net advance of from 52 to 77
points. From the lowest to the highest
there was a rise of 85 to 115 points on the
most active months. The close showed a
net gain for the session of 25 to 61 points,
July making the least gain.
COTTON FUTURES
NEW YORK, June 13.—Cotton futures
closed steady:
Open. High. Low. Close.
July.24.75 25.36 24.70 25.08
October*. 24.20 25.00 24.15 24.68
December . 24.32 25.14 24.32 24.82
January . 24.40 25.15 24.40 24.85
March . 24.70 25.28 24.69 25.07
NEW ORLEANS, LA., June 13.—Cotton
futures closed steady at an advance of 25 to
61 points.
* Open. High. Low. Close
July . 24.08 24.70 23 85 24.43
October . 28.25 24.35 23.20 24.03
December . 23.43 24.51 23.40 24.28
January . 23.52 24.60 24.08 24.44
March . 23.72 24.73 23.71 24.54
COTTON SEED OIL
NEW YORK. June 13.—The
oil market closed easier.
8pot and June .
July ..
September .
October ...
November ...
December .
January .
Total sales 21,300 barrels.
cotton seed
16.20 bid.
16.40® 16.47
16.28-S16.29
16.28® 16.31
16.26® 16.30
16.000 16.03
15.91® 15.93
15.91 ® 15.95
CHICAGO PRODUCE.
CHICAGO, June 18.—Butter lower; cream
ery 38 087c.
Eggs, easy; received 30.847 cases; firsts
29 V* 031c; ordinary firsts * 29 02»ttc; at
mark, caftes Included 29 0 81c.
Potatoes, unchanged; receipts, sew, 45
cars; old. 1 car
Poultry, alive, lower; fowls 31c; eprlsgs
300 30c. , • . .. _ ..w
STEADY TRADE IN
ALL PRODUCE LINES
A steady trad* was reported Wednesday
by practically all wholesale pnluc* and
fruit concerns of Montgomery.' Some Indi
cated a scarcity of Florida products owing
to the fact that It Is between seasons.
M. P. Wilcox has Just shipped another
car of potatoes to Cincinnati and he an
nounces that lemons continue to advance,
while commercially condition* generally ar«
Improving In produce.
The Haas-Phllllpa Produce Company has
received a shipment of Florida tomatoes
which -sold freely at (2.50 a crate. This
concern also has Just shipped Its fourth car
of potatoes. The company got In a car of
oranges and a car of lemons from Florida.
Lemons are quoted now at 95.60 to $9 In
Montgomery, while they are worth 99.60 in
New Orleans.
Nathan Segall received a nice shipment
of Florida cantaloupes. He says trhde Is
good but that Florida produce is beginning
to get scarce.
MONTGOMERY MARKET
FOR FARM PRODUCTS
June IS, 1917.
Issued and corrected dally by authority
•f the Chamber of Commerce.
The prices quoted are based on close of
the market for this date and ares the prloes
the producer will be paid by Montgomery
buyers for products In wholesale quantities.
Grain.
Alabama shsllsd corn in bulk.
Kar corn, car lots, per ton..
Wheat .
Oats.. *....
Cotton seed per ton, car lots .... 90.00
Peanuts, per pound ..09
Velvet beans, per ton . 29.89
Hay Is quoted In car lots as follows:
Alfalfa, choice . 28.09
No. 1 . 28.00
No. 2 . 24.00
Johnson No. 1 19.09
No. S . 18.00
Syrup,
A-I Ribbon Cano Syrup ..44
No. 1 Ribbon cane syrup..
No. 1 Sorghum syrup . 99
These prices are based on delivery in
Montgomery. All syrup to be put In new,
iron-hooped cypress half barrels. All syrup
offered at these prices will be purchased.
Poultry and Eggs.
. Fresh eggs, guinea aqd duck eggs, out.
28 Ho per dosed, cases Included. Eggs to be"
in new cases. If In second hand cases or
orange crates, half cent a dozen less.
Small fryers, per pound.20
Large fryers, per pound ,.II
Hens, per pound ..*. .19
Roosters, each . 90
Milk.
Montgomery prices for milk and butter
are regulated by the Elgin market. Milk
and cream are bought by weight on a pound
basts, governed by butter fat.
Cream..
Milk .. .49 H
Tne prices of milk Is changed every Sat
urday and becomes effective Sunday.
SPOT COTTON
LIVERPOOL SPOT COTTON. „
LIVERPOOL. June 13.—Cotton spots
strong; 60 to 72 points higher.
Good middling .. 17.81
Middling . 17*36
Low middling . 17.00
Bales 8,000 bales, of which 1,000 bales
were for speculation and export Receipts
none. Future* closed irregular and unset
tled:
Jun« . 18.95
July-August . 16.97
September-October .. 16.14
October-Novembtr . ••«•.... 14.79
December-January . 14.53
January-Fehruary . 14.46
March-Aprll . 14.34
NEW ORLEANS SPOT COTTON.
ton firm, 19 points up. Bales on the spot
500 bales; to arrive 550 bales.
Good ordinary . 22.81
Strict good ordinary . J3.S1
Low middling . 23.81
Strict low middling . 24.00
Middling . 34.19
Strict middling . 24.38
Good middling . 24.56
Strict good middling . 24.74
Receipts 2,271 bales; stock 211,173 bales.
NEW YORK SPOT COTTON.
NEW YORK. June 12.—Cotton spots
steady, middling 25.55.
DAILY COTTON MARKET
Port
Movement.
Kx- Kx. ISales.JStock.
lo'pta. ports! I
New Orleans, 24.19
Galveston, 24.50 ...
Mobile. 24.00 ..
Savannah. 24.81
Charleston, 24 Vs ..
Wilmington, 24M .
Texas City .
Norfolk. 24.50 __
Baltimore.
Boston, 25.0%.
Philadelphia, 25.80 ,
New York. 25.55 . .
Minor ports .
2271
4817
82
777
140
1
1215
120
1050|212155
1303
315
16
3344
192986
68 39
87970
19637
5106V
19848
98914
30632
10200
5657
110210
11780
Total today, receipt* 8,944;
stock 863,326.
exports 2.400; i
Total for week, receipts 39,024; exports
10,975._ ' I
Total for season, receipts 6,054,230; ex- '
ports 5,020,842._
interior
Movement.
1 He- |Ship- Sales. [Stock.
|c*pta.l m'ts.
Houston. 24.75 ....
Memphis, 24.00 ....
Augusta, 24.69 ....
St. Louis .
Cincinnati .
Little Kock. 24.00 .
Atlanta seml-w’kly
Dallas, 24.35 .
Montgomery. 24.00 .
7 951 788
19331 4660
3761 1442.
2467| 2917
411 9
10 41 918
268
2300
1809
.1.
.1.
918
2386
66018
264109
58326
17751
15847
19026
50109
Total today, receipts 6.716; shipments 10,
734; stock 431,071.
SELF-CONFESSED
ANARCHIST GIVEN
FINE AND SENTENCE
Ua.Ml.tt4 Prtn.)
NEW TORK, Juno 13.—Louis Kra
mer, self-confessed anarchist, was to
day sentenced to two years in At
lanta prison and ordered to pay. a
tine of 110,000 for conspiracy to dis
tribute anti-conscription literature.
He also received a year In Jail for
falling to register. He was convict
ed of the first crime yesterday and
the second today, the latter trial last
ing a little over two hours.
Morris Becker, convicted with Kra
mer on the conspiracy charge, was
sentenced to one year and sight
months at Atlanta.) v
WHEAT VALUES GO
DOWNWARD WHEN
REPORT IS GOOD
CHICAGO. Jun« is.—Optimlatlo •_- •
kour.1Bj,th* ?*•“ ,h“thToi!'
fendlk “4 *®m* «“>•«• oecttons
tended today to cause a docllno In whmmt
l-xrgely aa a result, the mar lest, it!
though steady at the close, vsg ue »0
a? «i°*W7Ci WlAh Ju.ly «•« 8Tpt.mb«
at 12.07Com finished H to X% cent* un
and °«U gained 1* cent to 1* coSu! “
. outcome In provisions was a setback
of SH esnts to 25 cents. ••mac*
.of^th* lea4*o« authorities In Iho
wheat trade estimated the 1111 production
in North and South Dakota and Minnesota
at 1SQ.OOO.OOO bushels as asatnst ti.ooo.o:*
bushels _ last year. There were also con
tlnusd favorabls reports from Canada, which
tY;t*,ff.rtly °"”t- however, by asi.rtlins
that three df the provinces would not harv
est within 1,000,000 acres of the 1»10 total.
In connection with the reneral Increased
bearish outlook much Interest was mani
fested regarding samples of growing wheat
from Ohio, which weio said to indicate the
largest yield ever known in that Slate.
Corn rallied sharply from an early sell
inff rush that wai due to exp«ct*4 warmer
weather. On the decline, heavy buying in *
said to have been done tor seaboard ac
count.
Firmness In the oate market developed In ‘
the main from eigne of a liberal saport de
mand.
Liquidating: sales by holders weakened
provisions.
Grain and provisions ranged as follows
todays
High. Low. 1 Close,
M0
2.07
2.22
2.02
2.20
M0 fc
2.21 *
2.07 %
1.52
1.51%
1.50
L47
1.57%
L50%
.04%
.04%
.02%
.52%
.04
.04%
21.00
21.00
21.20
21.25
21.00 v
10.75
11.02
21.10
11.47
21.0f~
21.00
*1.77
Open.
Wheat—
July ....
Sept. • •.
Corn—
July . 1.50%
Bept. 147%
Oat^
July ..02
Bept. .54
Pork—
July .. — —
Bept. .21.00
Jul-rt. 21.00
Bept.21.17
Kibe—
July 21.05
Bept. . 21.20
Cssh grain ranged .. follewe:
C.eh wheat No. 2 red. nominal.
No; t redf nominal. f- ..
■ No. 2 hard'..- AH
No. S hard, nominal.
Corn. No. 2 yelloW. 1.7* O 1.721*
No. 1 yellow . 1.7* 0 1.7*1*
No. 4 yollow, nominal.
Oate. No. i whlto.((1*0 .«*
Standard.1(1*0 .(*1*
Ryo, nominal.
Barley . 1.1* .0 1.41
Timothy . 4.60 0 (.4*
Clover . 11.00 017.00
Fork . *0.00
Lard .*1.10 01LOO
Ribs .20.71 0*Lli
ai.o*
*1.25
**.»* >1.02
il.U / *1.20
KANSAS CITY GRAIN.
Caeh wheat No. 2 hard .... 1.H 0 (.02
No. * red . AM 0 2.0*
Corn, No. 2 mixed . 1.0* :«■
No. 2 whlto .. 1.0*
No. 2 yollow . 1.0*0* O 1.0*
Oate, No. 2 whlto.071*
No. 2 mixed .*41*0 .*51*
ST. LOUIS GRAIN.
Caeh wheat No. 2 rod, nominal;
No. 2 hard, nominal.
July . AI5
Sept. . 2.00
Corn, No. 2. L71M
No. 2 white, nominal. •
July . L«*1*
Sept. 1.501*
Oate No. 2...**
No. 2 white, nominal.
July .•*
Sept. .HO*
O .5*1*
SHEPARD & GLUCK
(Otmt W. K. Campbell’* Private Wire.)
NEW ORLEANS, LA., Juns 18.—After a
period of hesitation and some little liquida
tion in the morning session today, cotton
moved up to new high levels for the season
on the new crop months, moderate buying
serving to bring about the advance. The
weekly weather and crop accounts from the
woather bureau were undoubtedly more un
favorable than expected and on top of this
was the rather general feeling from the
monthly figures on American consumption
due tomorrow from the Census Bureau
would be likely to reflect the filling of war
orders.
Around the opening prices fell away te a
level 83 to 38 points under yesterday's Close,
the chief influence at work being the poor
Liverpool, although the trade was inclined
to regard the weather map in a favorable
light. This decline met with new buying
and short covering and a quick rally ensued
which shortly carried prices to a net ad
vance of |2 a bale. Increasing strength
was shown from then on, although the mar
ket had many minor reactions from the
advance. At the highest the trading months
were 62 to 77 points over yesterday’s last
quotations. The close was at a net advance
of 25 to 81 points. Liverpool is due from
17 to 2a points up tomorrow morning.
The market appears well liquidated of
any unwleldiy long interest and the price
levels reached undoubtedly attract constant
short gelling. For the time being, how
ever, we think it a wise policy to refrain
from fresh purchases. We believe in await
ing a good reaction.
SHEPARD * GLUCK.
COFFEE MARKET
NEW YORK, Juno 13.—The market
for coffee futures continued quiet but
prices lost the greater part of the re
cent bulge*undcr a renewal *of scat
tering liquidation or a little trade sell
ing. The opening was unchanged and
December Bold at 8.US early, or a point
above last night’s closing prices. There
appeared to be a little July for sale,
however, and prices soon eased off Judy
touching 7.83 and December 8.0i> or
about 7 to 8 points net lower. Closing
prices were the lowest of the day.
showing a net loss of 7 to 10 points.
Sales 26,260.
June.. •• 7.77
July .. ..7.81
August.7.86
September .. .. .* .. 7<8u '
October.7.93
November.7.97
December.8.06
January.. .. .. .. 8.05
February.. «. 8.11
March .. .. ..8.16
April...8.21
May.8.26
Spot dull, Rio 7's, 10: Santos, 4’s.
10 1-4. No fresh offers were reported
in the cost and freight market.
The official cables reported no change
in Rio. Santos futures were 25 reis
lower to 25 rels higher. Santos re
ported & clearance of 39,000 bags for
New Orleans. Brazilian port receipts
13,000; Jundlahy receipts 3,000