The Montgomery advertiser. [volume], August 24, 1917, Image 8

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

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

                
fJUDGE C. E. MS
HGES fUG MED OF
STATE TO ENLIST
HReturns From Washington
Where He Placed His
ffe£
Son in the Navy
s
Jud(« C. E. Thomas, well knpwn
banker of Prattville, Alabama, waa In
Montgomery, a visitor to bis brother.
Judge J. R. Thomas, on Thursday en
Nuts to his home from a trip to var
ious cities of the East.
Judge Thomas in speaking to friends
told of the purpose of his trip which
was twofold, namely, enlisting his son,
la the navy and posting himself on
the real conditions that exist In this
country at this time.
Has Boa Balls*.
"I enlisted my son, who Is a grad
uate of the University- of Alabama and
a one year Boston Tech man, as In
spector at the Naval Cantonment at
Jamestown," said Judge Thomas, and
It is my advice to any and all young
men who are within the conscription
ages and who have not yet been draft
ed to enlist at once In the branch of
the service for which they think they
are best fitted. This also seems to be
the universal opinion of all the In
fluential men both military and civil
ian throughout the larger cities of the
north and east, and this fact la evidenc
ed in a conversation I had with Dr.
I,. W. Spratllng, medical director for
the 6th district, and also an Alabam
ian, who said: ‘Now is the time for
every young man to perform his duty
towards his country in this crisis. If
any man whose number has been
drawn and If he seeks exemption un
less it Is absolutely necessary that he
be exempted, then I say although he
may be discharged from military ser
vice, he will later on regret It and to
each an extent that he will make ev
ery endeavor to enlist.”
Describee Germs■ Ships.
Judge Thomas further described
three of the German ships which were
being repaired at the Norfolk navy
yard. “The German sailors resorted to
all possible means of making the ves
sels useless. One had the ribs on one
side sawed, another’s machinery was
damaged beyond repair and the third
•hip while not seriously damaged, up
on examination It was found that Its
Are extinguishers contained kerosene.
“Alabama's representatives In Wash
ington are working like beavers to up
hold the South in the revenue bill
which Is now pending, and I feel safe
In saying that this State’s rights will
be upheld by the men representing it
in the nation's capital.
I STEEL BUYER FOR
ALLIES IS NAMED
( Associated Fnn)
y NEW TORK, Aug. *3—J. Leonard
Beplogle, head of the Wharton Steel
Company here haa been aaked to take
charge of ateel buying for- the United
8tatea government and ita allies. It
Was announced here today and haa
accepted the appointment.
I FIFTY CENTS FOR
FIRST BALES SOLD
S'- (Associated Press)
• MEMPHIS. TENN., Aug. 23—The first
j\ two bales of .the 1317 cotton crop
V? shipped to the Memphis market was
sold at auction on the floor of the
cotton exchange today and brought SO
Cents a pound. The cotton was ship
ped by a Washington county, Missis
sippi. planter and the proceeds of one
' of the bales were donated to the
Greenville, Miss., Red Cross chapter
FIXED PRICES OF
SUGAR ARE APPROVED
I Associated Press)
j NEW TORK, Aug. 23—The maxi
mum prices fixed by a committee of
I the New York coffee and sugar ex
change for the settlement of sugar
future contracts, being the closing
prices of August It the day the ex
change suspended future trading, have
been approved by Herbert C. Hoover/
- It was announced today. A liquidating
committee of five has been appointed.
NEW YORK DRAFT
WORK PROCEEDS
WITH RAPIDITY
NEW TORK, Aug. 23.—The first of
ficial figures of the draft In New York
city which do not Include 23 of the
1*9 exemption boards, show that 122,
6i7 young men have been examined
and that of this number *2.494 have
been declared physically qualified of
whom 62,690 claimed exemption.
Roscoe Cokllng, deputy attorney
general in charge of the draft here,
said It is estimated that but 8.374 men
were needed to complete the quota
■ for the city of SS.621. Fifty six boards
have filled their quotas.
%■
r
Don’t Forget Us
When yon need anything in
the line of neat and attract
ive Printing.
Phono 278
Wilson Printing Co.
i - _>
Our Repatr Department
Will answer your calls promptly!
»nd give you the best of service.'
Phone 706 when you need help. \
MOSLEY ELECTRIC CO. |
122 N. Perry
IsaSMttv* in ir«*iu
nnnatornl dlacbarfn
Big G^~
not itrlctun
RelKTM In 1 totdnj
mu ir nvMini.
final Pant if — fHo* tl. »r * bottl** M.7:
cnanun*
9 STRIKERS lETURN
to on rosms
WITH STREET MRS
Twenty-nine of the 31
Cars Usually Operated
Are Running
It was admitted on both sides Thurs
day that no less than nine striking
street car men nave deserted the union
since 'the strike began and have re
sumed employment with the street car
company. Union officials stated that
about nine men have gone over to
the company, four of them having
taken their jobs back in the last two
days. They declared, however, that
the desertion of only one of the nine
was regretted by the union.
Richard Tllils, owner of the street
car company, said that about ten mem
bers of the union had been re-employ
ed after assy ring him that they had
severed their ties with the labor or
ganization. He declared that the oom
puny Thursday was practically back
to normal, and that almost the usual
number of surplus men were en hand
to relieve the regulars. During the
day, he stated, twenty-nine cars were
operated, there being a shortage of
only two cars on the West End line.
“This was not actually a shortage,”
said Charles B. Jones, general mana
ger of the railway system. "We usu
ally run four cars on the West End
line, but are running only to the Bell
Street bridge now, because we have
not been assured of protection beyortd
that point. It requires only two cars
to maintain a service us far as the
bridge.
Despite the fact that a number of
strikers have resumed employment,
union officials insisted that their cause
was never brighter and they intimated
that there was some piobabllity of
an agreement with Mr. Yillls. Mr.
Tillis, however, denied emphatically
that he would ever reach any agree
ment with the union, as he would
never recognise it.
SOLDIER IS RELEASED
OF CONNECTION WITH
STREET CAR SHOOTING
Charlie Jones Says Entire
Matter to Go to Next
Grand Jury
That no additional arrests will be
made immediately in corfnectlon with
the shooting up of a West End street
car Saturday night, but that all In
formation will be turned over to the
next grand Jury for Its action, was
the statement of Charles B. Jones,
general manager of the street railway
system, Thursday. Mr, Jones an
nounced a day or two ago that he
had located the original owner of the
pistol found at the scene of the shoot
ing and then Indicated that an arrest
might soon follow.
"Owing to the fact that Mr. Hall Is
still in the hospital," said Mr. Jones,
"it has been concluded to place the
matter in the hands of tne grand Jury,
as Mr. Hall, no doubt, will be In con
dition to testify by tl at time. Addi
tional developments have been brew
ing today, but they cannot be made
public.”
Joseph Hall, the soldier who was de
tained in the guard house at camp
early this week pending an investiga
tion of the shooting, has been released
from custody. It was learned, upont
orders of the commanding officer. Jesse
Watts, conductor of the street car, who
is alleged to have shot F. H. Boyd in
the battle in and around the car, has
made bond and has returned to his
post of duty with the street car com
pany. Watts Is charged with assault
with intent to murder, but his case
has. not been set for trial, pending de
velopments in the condition of Boyd.
Roger Hall and F. H. Boyd, who
were shot in the lungs, continued to
Improve at St. Margaret’s hospital
Thursday.
THREE PAROLES ARE
ISSUED BY GOVERNOR
Governor Henderson issued three
paroles Thursday. All were condi
tional on the future good behavior of
the men receiving them.
Jerome S. Brown, who has served
more than half of his time for the
alleged blackmail of Smith Cullom of
Birmingham, was paroled, the report
being that he had made an exemplary
prisoner, "taking an Interest in the
county's work as though he had the
responsibility of its success."
Charles Henderson of Jefferson
County, sent up for alleged false pre
tenses. and Ivery Miles of I’ike Coun
ty, for alleged manslaughter in the
second degree, were also paroled.
IS LOOKING FOR
OLD FAMILY SLAVE
The whereabouts of an ex-slave,
Louisa Phillips, are wanted by Mary
Phillips, Arlington. Va. The director of !
archives at the State capitol has an |
Inquiry from the Arlington woman. |
The letter says "If found, ask her who !
her parents were, and notify Mary i
Phillips, who has property she wants
to have".
The director says the letter Is pro
bably from some negro woman who Is
looking for a long lost sister, and con
tains the Information that the lost one
was 5 or 6 years of age when sold bv
John Tippet, eon of Jack Tippet, of
Loudon county, Va.
TO CUT LARGE TRACT
FOR TIE TIMBER
(Special to The Advertiser.)
TUSCL'MBIA, ALA., Aug. 23—The
filing of a deed by the Ayer and Lord
Tie Company of Chicago, executed by
C. B. Massey of Iuka, Miss.. In which
4.320 acres of Colbert countv timber
land are conveyed. In the probate of
fice of this county, at Tuscumbla. is
one of the largest deals negotiated In
seme time. The consideration is given
at 117,280.
COTTON SEED OIL
NEW YORK, Aug. 23.—A further drop
In hog price*, along with a bearish Interpre
tation of the census report on the crush
and carry-over of crude and refined oil
caused considerable of a decline In nearby
positions In cotton oil todey. Later a fair
rally ensued on short covering and the clos
ing firmness In lard. Final prices were 10
points lower to 8 points ent higher. Jan
uary aold off to 14.03 and up ot 16 10 clos
ing 15 07. Sales 30.200 barrels. j>rlme
crude 13.60, nominal.
sP°t . 14.10 hid.
Janu»ry . 15.070 15.16
M»rrh . 16.190 15.20
August . 15.00 hid
September . 15 34016 15
October . 15.33® 16.30
November . 16.07®16 11
Decembar . 16.O5015.O7
I
!
Local Cotton
Official quotations of. tho Montgomery
Cotton Exchange as based on actual trades
made yesterday, are glvaa below. Where no
•ales are actually echeduled the. Quotations
are for tho business transacted on the day
before:
Middling fair . 25.12
Strict good middling. 25.40
Good middling. 24.11
Strict middling . 24.49
Middling . 24.64
Strict low middling . 24.26
Low middling .. 22.44
Strict good ordinary .. 24.60
Good ordinary . 24.04
No sales officially reported.
Weather map Indicates fair in the cen
tral and southern Texas 'sections and cloudy j
over the remainder of the belt. According
to forecaste a cool wave will be experienced
over the northwestern quarter.
Futures for the most active months on
the opening of Thursday were 10 points
down. However, a rally of 40 to 44 points
was noted later. Around noon the maoket |
was tiO to 72 points down. f
quotations on the Liverpool market were
| 25 polnta down on both spots and futures. j
Middling cotton on the local cotton mar
ket were' quoted at 24.60 for Thursday and
no sales were officially recorded at this
quotation.
COTTON MARKET
NERVOUS AND UN
SETTLED ALL DAY
NEW YORK. Aug. 23.—The cotton mar
ket was extremely nervous and unsettled to
day with early rallies followed by sharp re
actions. October contracts made new low
ground for the movement, selling off from
22.65 to 23.13, and closing at that level.
The general list closed irregular, at a net
decline of 7 to 27 points on September and
later deliveries.
The market opened steady at a decline
of 9 to 14 points under overnight selling
orders which had evidently been brought In
by the weakness of yesterday. There was
enough covering to absorb offerings around
the Initial figures, and the demand later
because more active on rumors that a South
ern authority estimated the condition at
70.3, indicating deterioration of L2 per cent
for the month. There was also bullish
comment on the forecast for generally clear
weather in the southwest.
Active months sold from 25 to 24 points
net higher during the middle of the day,
with December touching 23.5T and January
23.63. or some 35 to 45 points from the
earlier low level. Demand then slackened
and the market weakened In the late trad
ing on renewed reports of an easing spot
basis In the South.
After the early covering movement, there
appeared to be very few buyers with Decem
ber selling off to .22.17 and January to 23.15
In the late trading. Closing prioos were at
nearly the low point of the day. Local
brokers attributed the bulk of the early
buying to evening up of short contracts In
preparation of jpnd-August condition figures.
N. O. COTTON
NEW ORLEANS, LA., Aug. 23.—Rapid
fluctuations, both above and below the level
of yesterday's close, were registered in the
cotton market today, but the close was In
favor of the bear side, heavy selling develop
ing late In the session under unfavorable
Russian reports and private accounts of
rains in Texas. Last prices were the low
est of the day and showed net losses of 14
to 19 points.
Around fhe opening prices were 10 to 12
points-up but this Initial Improvement was
followed by a break under selling stimulated
by private bureau condition features and the
market went to a net decline of 10 to 11
points. Short covering Increased on the de
cline and during the greater part of the day
was the main Influence, lifting the trading
months until they were 20 to 23 points over
yesterday's last quotations. It was not until
well after the noon hour that the market
became really soft.
Private bureau reports on conditions Indi
cated a falling off for the month of only 1
to 2 points, which was accepted as being a
pointer to a favorable per centage from the
government. Bears pointed out that this
month last year the crop lost over 11 points
in condition.
SPOT COTTON
LIVERPOOL SPOT COTTON.
LIVERPOOL, Aug. 23.—Cotton spots in
limited demand, prices lower.
Good middling . 19.55d
Middling . 19.10d
Low middling . 18.65d
Sales 2,000 bales, of which 1,300 were
American. No receipts.
Futures closed lower:
August . 17.90
August-September .. 17.57
October-November . 16.85
December-January . 16.30
January-February .. 16.20
May-June -./'... 16.86
The above are all fixed prices.
NEW ORLEANS SPOT COTTON.
NEW ORLEANS. LA., Aug. 23.—Spot cot
ton quiet. 60 points lower. Sales on the
spot 27 bales; to arrive, none.
Good ordinary . 23.37
Strict good ordinary . 23.87
lx»w middling . 24.37
Strict low middling . 24.75
Middling; .25.00
Strict middling . 25.25
Good middling . 28.60
Strict good middling . 25.76
Receipts 1,868 bales; stock 76,796 bales.
NEW YORK SPOT COTTON.
NEW YORK, Aug. 23.—Spot cotton quiet;
middling 24.85.
COTTON FUTURES
NEW YORK, Aug. 23.—Cotton futures
closed Irregular:
Open. High. i,ow o-*ss
October . 23.25 23.65 23.13 23.13
December . 23.20 23.57 23.17 23.22
January . 23.17 23.5 2L15 23.16
March . 23.36 23.77 23.32 23.32
May . 23.47 23.81 23.46 23.45
NEW ORLEANS. LA.. Aug. 28.—Cotton
futures closed barel ysteady at a net de
cline of 14 to 19 points:
opvn High. w
October . 22.53 22.70 22.30 22.30
December . 22.43 22.73 22.81 22.31
January . 22.50 22.80 22.41 22.41
March . 22.61 22.83 22.59 22.57
May . 22.71 23.01 23.00 22.67
Daily Cotton Market
Port
Movement.
| Re- 1 Bx- iSales. (Stock.
Ic'pts.l portalj
New Orleans, 25.00
Galveston, 24.75 ..
Mobile. 24.75 .
Savannah. 24.50
Charleston, 24 Va
Wilmington, 24 V*
Texas City .
Norfolk. 24.75 -
Baltimore .
Boston, 24.65 .....
Philadelphia, 25.10
New York, 24.85 ..
Minor ports .
1868;15448
3550|.
| 3602,.
I .712 .
IN »2!.
| 207
6491.
.1.
I 2217|
27
752
7
3716
76796
77182
S04a
53843
4389
41894 j
3787
6001 1
28406
7200
4346
56748
41109
Total today, receipts 13,064; exports 15,
44 9; stock 463.756.
Total for week, receipts 62,183; exports
84,622.
Total for season, receipts 182,897; exports
241.777.
Interior
Uo\ ament.
| He- |Shlp-lSales.|Stock.
Ic’ptsj m’ts.l 1
Houston. 24.75 ...
Memphis, 26.50
Augusta. 24.38 .
St. Louis, 25.50 ..
Cincinnati.
Little Root 26.00
Dallas, 24.10 .
Montgomery. 24.50
72211 54561 58161 281129
.,1650| 2146| 100| 95635
224| 3341 44 j 12726
j 4248, 4252|.| 6597
I 67! 819!.| 17418
| 1! 647| 647! 6539
. ..I 7479].
Total today, receipts 13,411; shipments 13,
554; stock 166,064.*
DRY GOODS MARKET
NEW YORK, Aug. 28.—Cotton Roods and
yarns were quiet here today, prices on print
cloths being easy. Burlaps were firm and
raw silk steady. Men's wear for civilian
purposes was very quiet.
RICE MARKET
NEW ORLEANS. LA.. Aug. 23—Rlcs
strong with a good demand. Receipts; |
Roufh 3.730 sacks. Sales: Rough Honduras
2.845 sacks; clean Honduras 4,871 pockets.
Quotations: Rough Honduras 6.20&7.25,
others unchanged.
Women are meeting the lAbor ques
tion In Kansas by going into the
fields and harvesting the crops Just
the same as the men would have
done
GOVERNMENT ACTION
AFFECTS ALL STOCKS
ON N. Y. EXCHANGE
NBW YORK, Auf. 23.—Latest aapfoti of
too forirnment'i price fizlm propram war#
assigned aa tha ration for the further weak
nets of today’s atock market. Important
nharaa recorded additional declines of 2 to I
point*, but relit** in the final hour ma
terially reduced many Josses, some issues
closing at net pains.
Trad lit* was on the most extensive scale
of any seasion for several weeks. Coalers,
steels, coppers, all the active equipments
and numerous specialties were most often
the center of irregular bear drives.
The oil stocks, Which are expected to suf
fer from drastic price revision, lost more
ground than any other group, Texas Com
pany mak.ng an extreme loss of 13 points
and Mexican Petroleum 2. On the curb
standard Oil Issues registered gross declines
of 3 to 30 points.
Many margined or speculative accounts
were wiped out lu the course of the day’s
operations. Liquidation for out-of-town was
evidenced by the heavy offerings of commis
sion house.*, contributed immeasurably to the
setback of the morning. Other factors favor
able to the bears were furnished by fresh
developments in the Russian military and
economical situation, the extension of do
mestic labor trouble* and another reduction
in steel price schedules, notably pig iron.
United States Steel fell 2* to 118*, Its
lowest price in about two months, but closed
at l. net loss of % of a point. Other steels
made similar recoveries and shippings, cop
pers and motors retrieved the greater part
of their losses with rails.
Bonus were heavy, the Liberty issue,
however, showing firmness at 93.32 to 99.93.
Total sales, par value, were 12,435,000.
United States bonds, old Issues, were un
changed on call.
CLOSING STOCK LIST
naies in lHlgh.1 Low. (Close
hundreds.)| Ii
Amer. Beet Sugar
22| 37 | 86 1 87
American Can . 27| 44 J 43V* I 43% ,
33| 72 | 70*| 71 * ;
291 67 | 6.>*j 66 V*
13|US*|118 |118 Vb
87J 73 V* | 72%| 73*
3| 9s TO I 98 *1 98*
1.1.1108 *4
14 i 107 |104*|107
791 66 | 63*| 65
1*1 68*| C7*| 68*
241!1111 V* 1108 juo
Amer. Car & Foun.
Amer. Locomotive
Amer. Smelting . 94jl00*| 99*|1Q0*
American Sugar . 19|117 |U6 1116*
Amer. Tel. & Tel. ...
Anaconda Copper ...
Atchison .
xAtUntic Coast Line .
A., G. A W. L. K. 8. L.
Baldwin Locomotive .
Baltimore & Ohio ...
Bethlehem Steel "B”
Canadian Pacific . 62|162%|T59*|l61 *
Central Leather . 126) 87%) 85 *| 86*
Chesapeake & Ohio .. 14| 69 1 57*| 59
Chi. A Great West’n 9| 10*1 10 I 10
Chi., Mil. A St. Paul
Chi., It. I. A P. W. I.
Colo. Fuel Sc Iron
Corn Products .128| 32 *j 31*1 31*
Crucible Steel . 322| 78 | 75%| 77*
Cuba Cane Sugar .... 631 33*1 31%) 31*
Erle^...... 471 23 i 22 * t 22*
General Electric . 5)150*1160 1160*
General Motors ...... 46|lll * |109*ilil *
Great North, pfd .... 8|105 |103*|105
Great Nor. Ore ctfs .. 99j 33*j 32 *| 33*
Illinois Central . 2.101 * 1101 * j 101 *
Inspiration Copper .... 52| 53 *| 52 %| 53*
Int. Mer. Mar.150| 32 *| 30*1 32
Int. Mir. Mar pfd .... 204| 90* 88*j 89*
interna. Nickel . 441 37*j 36*| 37*
45| 67*| 66 | 67 4
72| 27*| 26*| 27*
l«l 46*| 45*| 46
Interna. Paper
Kan. City Southern
Kennecott Copper
51 31*| 31*| V*
2| 19*1 19*| 19*
64| 41*| 40*| 40*
Louis. & Nash. . * I.j.1121*
8| 32*| 31*| 31*
160) 95*| 93 | 93
G6| 56 I 54*| 56
Maxwell Motors
Mexican Petroleum
Midvale Steel .
Missouri Pacific ..... 44 j 29 1 27 *1 29
National Lead .. 2j 54 j 54 | 54
Nevada Consol. 181 22*| 22 I 22
New York Central .... 4| *3 | 81*| 83
N. Y., N. H. & Hart. 15| 31 *| 30*| 31*
Norfolk & Western .. 8| 117 |U6*|116*
Northern Pacific. 7|101 *|101 *|1Q1 *
Ghlo Cities Gas . 99| 6f*| 50*
12| 52*
33| 26*
1701 86
186| 86*
1.
Pennsylvania
Kay Consol. Copper
Reading .
Kep. Iron 4k Steal •
(Seaboard A. L* ...
Seaboard A. L. pfd
Sinclair Oil Sc Refin.
Sloss-Shef. S. & I. .
Southern Pacific. 24| 94
Southern Railway .... 33) 27 *
Southern Ry. pfd .... 7| 66
jtudebaker Corp. .... 481 52*
rennessee Cqppsr .... 12| 17
2| 26*
231 40
6| 51
rexas Co. 65|185 |176*|184*
52
25*
84*
85
26*
61*
52*
26*
85*
86
11
26%
39*1 39 *
50*
9**
26*
55
51*
1
50*
93*
27
56
62*
17
134*1135*
Union Pacific ....•••• 49|135*
United Fruit ........ 9|130 |128*|130
U. S. Ind. Alcohol .... 681139*1137 |139
U. s. Rubber . 44| 61 | 60 | 61
G. 8. Steel .2627|120*|118*|119%
U. S. Steel pfd . 121117 ,1116*1117
Utah Copper . 92|101%| 99 I 100*
V'a.-Caro. Chem.. 1 38*| 38*1 38*
Va. Coal Jk Coko . -si 'AKal
Wabash pfd “A” f V 4t*j 41®*
WesGnghouse Ele^> 47*1
Pittsburg Coal ctfs’... 6«1 4.6*1 44*I 46*
the day 74MOO shares.
Total sales for
r-Rid.
NEW YORK BONDST
LT. S. 2s registered .
U. 8. 2s coupon .
LJ. 8. Ss registered .
U. 8. la coupon .
IT. b. 4s registered .%.
U. S. 4s coupon .
I’anama 5s coupon ..
American' Agricultural deb. 5s (ofd)
American Cotton Oil os ...'.
American Tel. Sc Tel. clt. Is .
Anglo-French 6* .
Atchison gen. 4h ..
Atlantic Coast Line 1st 4s .
Baltimore Sc Ohio cv. 4%s .
Central of Georgia consol. 5s .
Central Leather R» .
Chesapeake Sc Ohio cv. 5s..
Chicago, B. Sc Quincy Joint 4s .
Chicago. Mil. Sc St. Paul cv. 4%s ..
Chicago, H. I. Sc Pac. Ry. ref. 4s ..
alorado Sc Southern ref. 4%s .
Denver Sc Rio Grande ref. 5s.
Dominion of Canada Is (1931) ....
Brie gen. 4* ... .
Illinois Central ref. 4s.
Int. Mcr. Marine 6s .
Kansas City Southern ref. 5s.
Liggett & Myers is .
Lorillard 5a .
Louisville & Nashville un. 4s.
Missouri, Kansas A Texas 1st 4s ....
Missouri Pacific gen. 4s .
New York Central deb. 6s.
Norfolk & Western consol. 4s .
Northern Pacific 4s ....
Pennsylvania consol. 4%s ..
Pennsylvania gen. 4%s ...
Heading gen. 4s .;•••••.
Republic Iron Sc Steel 5s (1940) ....
St. Louis & San Fran. adj. 6s .
St. Louis &. Southwestern 1st .
Seaboard Air Line ad). 5a .
Southern Bell Telephone 5s .
Southern Pacific cv. £s .
Southern Railway 6s ..
Southern Railway gen. 4s .
Texas Company cv. 6s .
Texas Sc Pacific 1st .
Union Pacific 4s .
U. 8. 8teel 5s .;.
Vlrglnla-Carollna Chemical 5s .
Wabash lats .
Western Union 4Vis .
96 % b
97%b
99*b
99%b
105 b
105 b
80 b
98
92 b
9G%
93 %
86%b
87%b
84 %
96%
98%
85
95%
86 b
69
78 b
57%b
95 b
59 b
84 b
93
83
99
98%b
88%
68 b
57%
100%
87
86%
101%
91 b
89%
98 %b
65
70
57 b
95%
97
97 .
66 %
102%
94 % b
88%
104
95%
100
92 b
MONEY MARKET
NEW YORK, Auc. 23.—Mercantile paper
4% ft 5. Sterling, 60 day bills* 4.72; com
mercial 60 day bill* on banka 4.714; com
mercial 60 day bills 4.71%; demand 4.75
8-16; cable* 4.76 7-16. Francs, demand
5.76%; cables 6.75%. Guilders, demand
41%; cables 42. Lire*, demand 7.46; cables
7.45. Rubles, demand 20.80; cables 21.00.
Bar silver 88 %.
Mexican dollars 68%.
Government bonds steady; railroad bonds
easy.
Time loans firm: 60 days 4®4%; 90 days
4% ft 4%; 6 months 4% @5.
Call money firm; high S; low 2%; ruling
rate 3; closed 2 V* ft 2%; last loan 2%.
SUGAR MARKET
NEW YORK. Aug. 28.—The local market
for raw sugar was easier under more liberal
offerings, with a decline of % cent In
prices. The easier tendency w'a* attributed
In some quarters to a desire on the part of
holders to sell before expected price fixing
by the food administration. There was a
moderate demand from refiners w'ho were
said to be buying against nearby require
ments, and sales were reported of 40,000
bags of Cubss afloat at 6% cents, cost and
freight, equal to 7.40 for centrifugal. Other
wise no fresh buying Interest was reported.
September shipment was offered at 6% cents
cost and freight and It was thought pos
sible that bids of even under this quotation
womid result In business, but buyers were
Inclined to hold off.
Prices for refined sugar remained un
changed but there was only a moderate In
quiry noted as buyers were anticipating
some re-adjustment In values.
In sugar futures there was moderate even
ing up of old contracts and In order to
facilitate matters the exchange has appoint*
ed a committee of five members to take
care of the liquidation of the old contracts.
These conracts are to be liquidated through
the committee at prices not above the clos
ing prices of August 16, 1917.
The liquidating committee meets ev©ry
day except Saturdays from 11 a. m. to 1
p. m. and all orders received will be con
sidered good for the day only. Orders to
buy or soil “at the market'* cannot bo ac
cepted.
COVERING BY SHORTS
DRIVES CORN PRICES
BACK TO TOP LEVELS
CHICAGO, Aug. *».—Abundant offering*
caused corn prlaee to decline early today
only to advance In a greater degree later
notable buying Induced altorta to
when
hajten to cover their lines. The close was
,and n**r th# *°p Tinstl figures being
.1° 1 c*nt higher with December at
t°'*1.09% *nd at •*-••% to
*1.07. Wheat finished at 12.07, an advance
or 1 cent for the September option. Dost
prices for oats were unchanged to % cent
higher, and provisions finished from a shade
lower to 15 cents higher.
Until the surplus altering* were taken off
the market, the trend of corn prices was
downward.
News from thl fields both as to crop
prospects and weather was bearish, danger
of drouth damage being said to be over,
while reports told of big, yields. Strong
cash prices coupled with curtailment of of
ferings Induced covering as the market ad
vanced.
Whea trading was dull and prloes fell off
•arly. The rally later was unimpressive
and representative only of the desire to com
plete outstanding contracts In September, the
only trading option. •
Oats had a firm undertone, which re
sponded when corn advanced. Country of
ferings were light and cash figures some
what higher, which contributed to the up
turn.
Provisions fell off at the start due to the
weakness of the hog market. A lively de
mand, however, took the prices to higher
levels. October Jard was conspicuous In the
trading.
Cash grain and provisions ranged as'fel
lows today:
2.01
Wheat
Sept. .
Dec. 1.07 %
May . 1.00 %
Dec.64%
May.57 %,
t-ork—
Sept .42.75
Oct. . 42.60
Sept.22.05
Oct.22.95
2.07 2.04% 2.07
100%
1.07%
.54%
.50%
1.07%
1.05%
.64
.57%
Sept. . 21.47
Oct.22.45
Provisions ranged a * follows today:
42.15
42.22
22.10
23.07
*22.02
22.57
42.76
42.46
22.05
22.02
23.45
23.40
1.09%
1.00%
.54%
.67%
42.15
42.22
23.10
23.03
23.02
23.61
2.32
2.10
2.31
Cash wheat No. 3 red •••• 2.20 G
No. 8 red . 2.17 G
No. 2 hard . 2.20 G
No. 3 hard . 2.85
Corn. No. 2 yellow . 1.70 * 1.12%
No. 3 yellow . 1.32%
No. 4 yellow, nominal.
Oata No. 3 whits.64 %0 .60
Standard .:.54 %G .66%
Rye No. 2 1.75 G 1.77
Barley . 1.05 G 1.30
Timothy . 4.60 G 8.04
Clover .14.60 G 18.00
Pork .43.16
Lard . 13.10
Riba . 23.37 G 23.17
KANSAS CITY GBA1N.
Cash wheat No. 2 hard .... 2.85 @ 2.48
No. 2 red . 2.22 @> 2.24
Corn, No. 2 mixed . 1.70 @> 1.74
No. 2 white . 1.80 & 1.82
No. 2 yellow . 1.75 @ 1.70
Oats, No. 2 white.57HO .58
No. 2 mixed ...58 @ .67
ST. LOUIS GRAIN.
Cash wheat No. 2 red .... 2.26
No. 2 hard . 2.40 O 2.41
Sept. 2.05
Corn. No. 2 . 1.75 • 1.78
No. 2 white . 1.77
Sept. 1.60
Dec. 1.08 %
Oats, No. 2 .65% @ .56%
No. 2 white .58
Sept.55%
Dec .55%
LIVESTOCK MARKETS
ST. LOUIS LIVE STOCK.
ST. LOUIS, MO.. Aug. 23.—Hogs, receipts
4,200; lower.
^Shts ...;. 18.25@19.60
pi*8 . 14.00@17.30
Mixed and butchers .18.00® 18.75
Good heavy . 18.75® 19.00
* . 18.20(i# 18.90
Cattle, receipts 3,800; higher.
Native beef stee^ . 7.50® 14.50
8.50@14.00
6.50® 10.00
6.50® 9.60
6.00@11.00
8.00 @ 12.50
Yearling steers A heifers
Cows .
Stockers and feeders .
Texas quarantine steers .
Prime Southern beef steers
Beef cows and heifers . 6.25® 9.00
Prime yearling steers & heifers 7.50® 10.00
Native calves “. 5.75@14.25
Sheep, receipts 1,900; sheep steady; lambs
higher.
Lambs .. 11.00@16.10
Ewes . 8.50® 9.50
Wethers . 10.50@11.50
Canners and choppers . 4.50@ 6.50
KANSAS CITY LIVE STOCK.
KANSAS CITY. MO.. Aug. 28.—Hogs, re
ceipts 4,000; lower.
Bulk . 18.00® 18.90
Heavy . 18.50® 19.00
Packers and butchers . 18.00® 19.00
Light ... 17.50® 18.25
Pigs . 14.50 @17.00
Cuttle, receipts 3,900; strong to 10 cents
higher.
Primo fed steers . 14.00® 14.85
Dressed beef steers . 11.00® 13.50
Southern steers .. 7.00®11.25
Cows . 10.76® 11.00
Heifers . 7.50@12.50
Stockers and feeders . 6.75® 12.00
Bulls . 6.50® 8.50
Calves . 7.00® 12.60
Sheep, receipts 1,500; steady.
Lambs . 15.75@16.65
Yearlings . 10.00@12.00
Wethers . 9.00@11.00
Ewes . 8.50® 10.00
CHICAGO LIVE STOCK.
CHICAGO, Au*. 23.—Hogs, receipts H,«
000; weak; early top It.15.
Bulk . •. 17.50@18.20
Light . 16.75018.40
Mixed . 17.00018.40
Heavy . 16.75 018.30
Bough . 16.75017.00
Bigs . 12.00016.50
Cattle, receipts 6,500; hlrher; calves 26 to
50 cents higher.
Native beef cattle . 8.26016.60
Western steers . 7.00 012.40
Stockers & feeders . 8.100 9.25
Cows & heifers . 4.65 018.00
Calves . 11.60016.00
Sheep, receipts 7,000; sheep strong; lambs
higher.
Wethers . 7.75011.10
Ewes . 7.25010.00
Lambs . 10.50016.75
LONDON, Aug. 23.—Bar silver 44%d per
ounce. Money per cent. Discount rates:
Short bills 4%, per cent; three months bills
4 3-16 per cent.
LOUISVILLE LIVE STOCK.
LOUISVILLE, KY., Aug. £2.—Cattle mar
ket and quotations. Cattle dull.
Prime to fancy export steers .. 11.50012.50
Good heavy shipping steers .. 9.50011.00
Light shipping; steers . 7.600 9.50
Good to choice butcher steers 8.50010.00
Medium to good butcher steers 7.500 8.50
Good to choice fat heifers .... 8.00 0 9.25
Medium to good fat heifers .. 6.500 8.00
Good to choice fat cows .... 7.00 0 8.60.
Medium to good fat cows .... 6.75 0 7.00
Cutters .. 6.250 5.76
Canners . 4.560 5.25
Good to choice . oxen . 8.00 0 9.00
Medium to good oxen . 7.00 0 8.00
Good to choice bulls . 7.000 8.00
Medium to good bulls . 6.000 7.00
Good to choice veal calves .. 11.00012.00
Medium to good calves . 9.00 011.00
Common and rough calves .... 6.000 7.00
Medium to good stock steers .. 6.00 0,7.00
Good to cnolce stock steers .. 7.000 7.75
Medium to good stock heifers 6.00 0 7.00
Common mixed Stockers. 5.000 5.50
Good to choice milk cows .... 70.000 90.00
Medium to good milk cows .. 50.000 70.00
Hogs, 40 to 50 cents lower. Quotations as
follows: •
Choice heavy hogs ....<. 19.10
Choice packers and butchers . 19.10
Medium to good hoge . 18.86
Light shippers . 17.75
Choice pigs . 16.75
Light pigs . 14.50
Roughs and skips . 17.45
Hheep and lambs steady. Quotations as
follows:
Choice mixed sheep . 7.500 8.00
Medium to good sheep.. 3.000 4.00
Common to medium sheep .... 2.000 3.00
Bucke . 6.000 6 00
Choice Spring lambs. 14.50015.00
Seconds . 9.50010.50
Culls and talle ends .. 7.00 0 8.00
COPPER MARKET.
NEW YORK, Aug. 23.—Copper dull; elec
trolytic spot and nearby, nominal; Septem
ber and fourth quarter 25.00 0 26.00
Tin steady; spot 61.75062.00.
CHICAGO PRODUCE'.
CHICAGO. Aug. 23.—Butter, unchanged;
creamery 37 0 41c.
Eggs, receipts 8,726 cases; unchanged.
Potatoes, receipts 30 cars; unchanged.
Poultry, alive, higher; fowls 19 023c:
springs 22 0 24c.
A Safe Channel
Trade is a safe channel to those that
keep in the fair way,—so sailors call
the ordinary entrance to the harbor;
but if any man will ran out of the
course, neglect the buoys and marks of
danger and warnings, and ventures
■ among the rocks, he has nobody to
blame but himself if he loses his ship.
A Savings Bank Account is always a
safe channel and you need not then
fear sickness, loss of work, accident
and old age.
Don’t venture among the rocks, bat
open a Bank Account NOW. If you
already have one, add to it.
The Fourth
National Bank
Printing
—as you want it
—when you want it
Brown Printing Co.
State Printers
EUblUhed 1111
Shepard & Gluck
117 Bibb at, Mon Iff o mory, Alb. Phone 1717.
Cotton, cotton need oil, Stocka, Grain and Provisions. Members Maw
Orleans Cotton Exchange and Chicago Board of Trade.
Cerresp oadeats.
XL W. Wagner and Co.. New York and Chicago.
Correaponden ce Solicited.
C. C. DeLany, Manager
Bureau of
Census On i
CottonSeed
WASHINGTON, Auf. 23.—Cottonseed re
ceived at rollla from August 1, 1911, to July
11, 1917, was 4,498,528 tons; crushed during
hat period 4,473,930 tons, end on hand at
mils July 81, was 83,927 tons, the census
>ureau today announced.
Crude oil produced during the,year end
ng July 81 was 1,403,979,199 pounds, with
.4.205,840 pounds on hand July 81.
Refined oil produced was 1,281,848,964
pounds, with 299,255,979 pounds on hand
(uly 31.
Cake and meal produced 2,222,488 tons,
vlth 95,080 tons'on hand July 31.
Winters produced was 1,328,492 600-pound
pales, with 107,035 bales on hand July 8L
Hull fibre produced was 478,784 600-pound
>ales, with 7,083 bales on hand July 31.
Imports of oil amounted to 11,882,444
pounds, and exports 153,950,259 pounds.
Exports of cake and meal was 614,093
:ons, and of llnters 414.907 running bales.
CALIFORNIA FRUIT
SCARCE IN MARKET
Thursday was another good day, aa far
is receipts received were concerned among
he local wholesale produce merchants. To
natoea are still arriving In large quantities
ilong market row, while the scarcity of
.'allfornla fruit seems to be letting up,
here being shipments of this fruit received
>A the ro.w on both Wednesday and ThurS
lay.
During Thursdky Nathan Segall receipted
or shipments of Tennessee tomatoes and
California fruit, while M. P. Wilcox unload
'd a car of potatoes from New Jersey.
iaas-Phillips Produce Company during the
lav signed for consignments of tomatoes
ind okra.
Quotations are as follows:
Quotations on Fruit and Produce corrected
>7 M. P. Wilcox:
Apples—Extra fancy Wlnesaps 88.T6;
'ancy Red Streak 15.26.
Lemons—Extra fancy Verdelll. 860's $8.00;
rancy Verdelll 860*s 87.60.
Potatoes—Fancy Virginia Cobblers, Red
Star Brand, full weight In barrels $8.60;
!ancy California Burbanks In sacks, per
>ushel 82.
Oranges—Extra Fancy Sunklst Brand, all
ilxes 84.50.
Grapefruit—Fancy, else 88-46-54-64 88.26.
Tangerines—Assorted sixes, 85.00.
Canadian Rutabagas—Choice selected stock
lacker, per cwt.. 88.00.
Cabbage—Kentucky cabbage, fresh green
stock, per crate 82.00.
Lima Beans—New California. lOo lb.
Peas—New California, black-eye. To lb.
Onions—Fancy California Bermudas, per
cwt., 84.60; fancy California Red, per cwt.,
14.00.
Bananas—82.50 and 88.00 bunch, as to also.
Almeria Grapes—Extra fancy, heavy
weight. 86.50; fancy, heavyweight. 86.00;
No. 1 heavyweight 85.50.
Cocoanuts—Big Money Brand. 100 to sack,
average weight. 175 lbs.. 86.60.
Pou’try and Eggs.
Eggs—Fresn. 40c a dosen.
Chickens—Hens, 40c; fryers. 80 te 85a
Ducks—50 to 60 cents.
Turkeys—Live, 20o pound.
Staple and Faacy Groceries.
Sugar—Granulated. 8He; fancy T. CL. 8o
pound.
Meal—Roller, 06 Iba, 11.80; Water Ground
11.85.
Coffee—Roasted. 12 to 36c; . .o. 8 can 80c
to 81-00; Prime 10®19c; Fancy 20025c;
Peaberry. 20c; Arbuckle’a, 819.25 per case;
Montgomery basis, Moch and Java Blend.
25 0 22c.
Extracts—Vanilla, 88; Lemon, eto., 87 per
gallon.
Molasses—Sugar House. 85c; Prime Cen
trifugal. 80025c; Corn Syrup, 24025c; Geor
gia Cane. 26 to 40 cents.
Vinegar—Distilled, In hair barrels, 15c;
White Wine stock. In barrels. 15c; Pure
Apple, In half barrels 22c gallon.
Rice—7o pound.
Dried Fruits—Fancy Peaches, 25 lb. boxes,
9Vfcc lb.; California Prunes, 25 lb. boxes, 8)4
to 11c; Apples. 12 oz. cartons, 7He lb.
COFFEE MARKET
NEW YORK, Auf. 23.—Early Irregularity
due to further ■witching of September longs
to later positions was followed by an easier
turn in the market for coffee futures today.
This seemed to reflect reports of slightly
lower firm offers frcm Santos and of in
creased offerings of tonnage in Brazil. The
selling was not active but after opening 2 !
points lower to 2 points higher, the market j
sold off to 7.49 for September and 3,13 for j
May, with the close showing a net loss of 2 '
to 4 points. Sales, including exchanges 54,- j
August . 7.4f
September . 7.49
October . 7.59
December .. 7.77
January . ,7.43
March . 7.99
J«*.y .• 3.26
Spot dull; Rio 7s, 9*4c; Santos 4a, 10He.
Offers of Santos 4s were said to be In the
cost and freight market at 9.30 to 9H. Con
don credits. No pfficlal quotations were re
ceived from Santos. Rio was 75 reis higher
and Rio exchange on Condon 3-32d lower.
Receipts at the two Brazilian ports were
86,000 bags; Jundiahy 67,000 bags. Fine
weather was reported in all districts of 8ao
Paulo with temperatures ranging from 43 to
90 degrees.
Alabama Audit Co.
Public Acoonntanta
1122 Bell Bldg. Phone 1541
MONTGOMERY MARKET
FOR FARM PRODUCTS
Issued and oorractad dally by authority
at tha Chamber of Commarca.
Tha prlcaa quoted are baaed on eloaa of
tha market for thla <^ate, and are the prlcaa
tha producer will be paid by Montgomery
buyara for producta In wholaaala quantltiaa:
Grain.
Alabama ahallad corn, in bulk ...
Ear corn, car lota, par ton.
Wheat .
Oata .
Cotton aaed, per ten .. 10.oe
Peanuts, per pound.... .04
Velvet beans, per ton .
nap*'
Hay la quoted In car lota as. follows:
Alfalfal, choice .. II.00
No. 1 . H.0I
No. 0 . <4.00
Johnson No. 1 .. ll.oo
No. I . 10.00
Syrup.
A-l Ribbon cane syrup..
No. 1 Ribbon cana syrup . .41
No. 1 Borshum ayrup . ,||
These prlcaa are based on delivery la
Montgomery. All ayrup to be put In now.
Iron-hooped cypress half barrels. All syrup
offered at these prices will be purchased.
Poultry and Eggs.
Fresh eggs, guinea and duck eggs. out.
(Oita per doe., cases Included. Eggs to be
In new cases. If in second hand cases or
oranges crate H cent a doaen lass.
Small fryers, per pound . 10
Large fryers, per pound .10
Hens, per pound ..
Roosters, each . .01
Milk.
Montgomery prices for milk and butter
are regulated by the Elgin market. Milk
and cream ara bought by weight on a pound
basis, governed by butter- fat.
Cream .40
• Milk .10
The price of milk Is changed every Batur*
day and becomes affective Sunday.
SHEPARD & GLUCK
(Over Shepard * Gluck’* Print* Wire.)
NEW ORLEANS, LA., Aug. n._Th*
strengthening technical position of the cot
ton market, resulting from recent Belling, $■
made itself felt today and prices rose on a
very steady tone, following a break around
the opening. The continued drouth In the
western belt and the showers in the eastern
belt caused nervousness among holders of
short contracts and they covered on a large
scale
Around the opening price were 10 to 12
points up, but selling on what Were con
sidered private condition reports made its
appearance and drove value* down until
they were It to 11 points below the level
of yesterday's close. The demand Increased
on the decline and during the remainder of
the session the market stood at a moderate
net advance, it’s highest price showing net
gains of 20 to 23 points.
Private bureau reports thus far received *
seem to indicate a government per centage
of condition from 1 to 2 points under that
of a month ago. Such a condition would
bo very favorable for this time of the year,
when deterioration generally is decided.
This month last year the condition lost 11.1
points, the per centage falling to 11.2 of
the normal. The August condition period
ends Saturday and the figures are due nej.%
Friday.
An easy tone still rules in the spot mar
kets, but perhaps there is not the rush to
sell tbst there was a day or two ago. Much
depends on developments in this direction
and the way sentiment shapes up regarding
the condition report. We think, however,
that wide declines should Invite purchases.
•the close was at the lowest levels of the
day, a net loss of 14 to 19 points.
BANK STATEMENT
BANK OF FRANCE.
PARIS. Aur. 23.—The weekly statement
of the Bank of France shows the following
changes: Franca.
Gold In hand, increased . 2.465,000
Silver In hand, decreased . 05,000
Notes tn circulation, increased .. 9,743,000
Treasury deposits, decreased .... 62,558.000
General deposits, decreased .... 50,538,000
Bills discounted, Increased .... 114,346,000
Advances, decreased . 2,610.000
BANK OF ENGLAND.
LONDON, Aug. 23.—The weekly statement
of the Bank of England shows the follow
ing changes: Pounds.
Total reserve, increased .. 628,000
Circulation, decreased . 111,000
Bullion decreased . 518,719
Other securities, decreased . 1,086,000
Public deposits, decreased,. 809.000
Other deposits, increased'. 285,000
Notes reserve, increased . 658,006
Government securities, decreased 58.000
The proportion of the bank’s reserve to .
liability this week is 19.00 per cent; last
week it was 18.58 per cent.
NAVAL STORES
SAVANNAH, GA., Aug. 23.—Turpentine
steady 37sales 277; receipts 524; ship
ments 154; stocks 34,664.
Rosin firm: sales 1,661: receipts 2,008,
shipments 1,303; stock 94,853. Quote: B
5.!0fc5.20; D E 5.156 5.20; F O H 5.20©
5.22*/4: I 5.25; K 5.35©5.40: M 5.76; h
.8.50©6.66; WO 6.75©7.00; WW 7.00 ©7.20.