The Birmingham age-herald. [volume], October 24, 1902, Page 9, Image 9

About The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950

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

                
FOREIGN EXCHANGE
AROUSESJKTEREST
Little Can be Said of the Stock
Market
BONDS WERE VERY HEAVY
For the Firat Time In Over a Week
London Was a Buyer, But Even
This Fact Failed to Awaken
Enthusiasm In Speculators.
New Tor-, October 23.—Foreign ex
change was again the governing feature
of the stock market today. There was
considerable speculation in exchange, be
'cause of the slightly higher rate for
sterling at Paris, and the resistance of
fered by the local market to the volume
of bankers bills, put out during the morn
ing. These offerings, it was believed, rep
resent accumulations of bills held in re
serve for such an emergency. Most of the
day's business was done at 4S6.75 for Sat
urday's steamer. Experts intimated that
an outward gold movement soon might ,
be inaugurated, although actual negotia- j
tions, it Is not yet believed, have been j
settled upon a satisfactory basis.
The demand for sterling
points. Little can be said for the stock I
market which was duller and more nar- [
row than on the previous days of the
week. Some speculative activity was
Shown at the opening ln«Baltt!mOre and
Ohio, Reading, Erie, Atchison. Pennsyl
vania, St. Paul, Missouri Pacific and the
St. Joseph and Grand Island securities,
all of which scored slight advances. The
rest of the list was fairly active with
practically no demand for the indus
trials. Further activity was Shown dur
ing the morning session,when Louisville
and Nashville advanced two points, but
alsewhere the list made no material
change. Operations continued almost al
tosether professional and some traders
covered their short contracts on the the
ory that the market had been oversold.
The early gains, with few exceptions,
were-soon lost, but such issues at Louis
ville and Nashville. St. ^*aul( Illinois t en
tral and Erie held steady. Sugar and
International Power were about the only
industrials dealt in up to this time, and
transactions In the latter stock were be
lieved to be for pool account. I'P to the
final hour there wras no decided pressure
to sell, hut ill the late trading such
stocks as Lackawanna. Baltimore and
Ohio, Kansas City Southern and a few
industries were hammered down to. the
lowest prices of the clay.
The liquidation in northwest was be
lieved to have resulted fr< m the unfavor
able view taken by traders of the hew
relations of the V.ni* n Pacific road with
St. Paul, Rock Island and Illinois Central.
As proof of tfce extreme tenderness of
the market, a sale of 500 shares of North
west early In the day caused a drop of
almost 4 per cent. The uncovering of stop
toss orders in the same stock Caused a
further decline of almost S points with
a net' loss of' 214 per cent, the stock re
coverihg cn buying orders nt the close.
For ti c first time in over a week Lon
don was a buyer on balance, but even
this fact, together with the case of Paris
sterling, and another Australian gold im
portation, failed to awaken any enthusi
asm.
The close was weak and the day s busi
ness was under 400,000 shares. One of the
disturbing features was a report of. la
bor troubles on the Southern Pacific sys
term. Call money ruled at from 4 to B'/j
per cent, most of the day's loan being
made at the higher figure. No change was
•reported in time loan rates. Two impor
tant financial transactions will hove to
he mot In this market within the next
fortnight On Saturday the first payment
fdr one-half on the Baltimore and Ohio
road's increase of $42.500,ooo capital stock,
falls due. On November 1 the second in
stallment of about $27,000,000 of the Penn- |
Eylvania road's stock increase will have
to he met. Some of the speculative issues j
In the bond market wer£ heavy, but the :
movements were without Importance ex- j
dept in the Wabash debenture. The gen
eral list was Irregular and dull. Total
sales, par value, $1,795,000. United States
2s and 3s advanced '4. and the new 4s
declined V* per cent on the last call.
New York Stocks.
Slacks— Open High Low Cls i
Atchison .... .... .... 89 89% 88% 88%
Atchison pfd .100% 109% 100% 100%
•Amer. Sugar Refining.124% 124% 123% 123% j
Brook. Rapid Transit. 63% 63% 62% 62% ;
c-nesapeake and Ohio. 51% 61% 51% 51% j
Copper . 65 65% 64% 64%
Colorado Fuel .83% 85% 83% 85
Erie . 3874, 39% 3S(% 38%
Loulsv. and Nashv.. .138% 140% 138% 139
Manhattan L .135 135% 134% 134%
Missouri Pacific .Ill 111% 110% 110%
.Norfolk and Western. 77% 78% 77% 77%
New York Central ....156 156 155% 155%
Pennsylvania .163% 164 163% 163%
People’s Gas .103% 103% 103 103%
Republic Steel .22% 22% 22% 22%,
Republic Steel pfd .... 79% 79% 79% 79%
Reading.67% 68% 67% 67%
Southern Pacific . 72 72% 71% 71%
Southern Ry .37% 37% 37% 37%
Southuern Ry pfd .... 94 94 94 94
St. Paul .191% 192% 191% 191%
Texas and Pacific .... 44 44% 43% 43%
Tenn. Coal and Iron. 65% 65% 04% Go
U. S. Steel .40% 40% 40% 40%
U. S. Steel pfd .88% 89 88% 88%
Union Pacific .105 105% 104% 104%
U. S. Leather .14% 14% 14% 14%
Wabash pfd . 49 49% 48% 48%
Western Union .91% 91% 91% 91%
Baltimore and Ohio—109% 109% 708 108%
Sloss . 66 67 66 67
Illinois Central .148% 149% 148% 148%
Bends.
United States refunding 2s, regls.... 110
United States refunding 2s, coupon. 110 I
United States 3s, registered. 108 ]
United States 3s, coupon. 108%
United States new 4s, registered— 136%
United States new 4s. coupon. 137%
United States old 4s registered . Ill
United States old 4s coupon . Ill
United States 5s registered . 104%
United States 5s, coupon. 105%
Wisconsin Central 4s . 92
Consolidated Tobacco 4s . 67%
Mobile and Ohio 4s . 95%
Central of Georgia 2d Income.,. 41%
COTHRAN & GO.
Members of Chicago Board of Trade and
New Orleans Cotton Exchange.
Rooms ‘ and * *•**"“•“ National Bank
Building. ‘
private leased wires to New Torn. New
Orleans and Chicago.
COTTON, STOCKS AND GRAIN.
All purchases and sales are made direct
on the exchange for which the order U
*Correepondente-J. H. Parker A Co., c.
W. Lee * Co.. Purnell. Hagaman A Ca
New York; Fairchild A Hobeon, New Or
leans; Ware & Leland. Chicago.
Reference—First National Bank of Bir
mingham. First National Bank of Rome.
1 TELEPHONE NO. UMl
Special attention given to orders over
telephone and orders gent Iron out ot tha
MURPHY & GO.
OncorporataO.) •
ALABAMA NATIONAL BANK B’LD’B
Private UuM Wires Direct to No*
York. NSW Orleans and Chicago.
COTTON, STOCKS 0RMN.
hEW YORK OFFICE—no. 61 BROADWAY,
-lures in principal cities throughout ths
Couth.
Write for our Market Manual and booh
containing Instructions for trader*.
Phone No. Ml
John M. Caldwell, George B. Ward.
CALDWELL & WARD
BANKERS and BROKERS.
2015 First Avenue.
High-grade Investment securities a
specialty.
OTTO MARX & C(T
BANKERS AND BROKERS.
Mortgage Loans at 5 and 6 Per Cent, j
Rooms 211-212 Woodward Building.
THE HILTON-SHAW
COTTON CO.
COTTON BROKERS and SHIPPER8.
Cable Address. “Metropole.”
Main Office—Metropolitan Hotel Bldg.
Branch Offices—Greenville and Spartan
burg. S. C.
Reference—Jefferson Co. Savings Bank.
MORTGAGE LOANS
Place your mortgage loans direct
with the United States Mortgage and
Trust Co. of New York. Capital, sur
plus and undivided profits over $5,000,
000. Interest rate the loweet.
G, GAZZAM, AGENT,
Room 16, Challfoux Bldg.
Money on Call.
New York, October 23—Money on call
steady at 4ffl5%; close offered at 5; prime
mercantile paper 6 per cent; sterling ex
change steady, with actual business In I
bankers' bills at 486.60@486.G2.6 for demand ;
and 483.62.5 for sixty days; posted rates
4.94% and 4S7%; commercial bills 482.15©
484.25; bar silver 50%; Mexican dollars j
39%. Government bonds irregular; State
bonds strong; railroad bonds irregular.
■’’letcury Statement.
" Washington. October 23.—Today s treas
ury balances, exclusive of the gold re
set-Ve. show: Available cash balances *22,
553.061; gold, $115,494,067.
Clearings and Exchange.
New York. October 23.—Exchanges $260,
019.980; balances, $21,545,573.
Boston. October 23 — Exchanges, $22,214,
136; balances, $1,307,179.
Baltimore, October 23.—Clearings, $»,
403,877; balances, $621,710.
Philadelphia. October 23.—Clearings, $19,
828,722; balances, $2,631,819.
Nfw Orleans, October 23.—Clearings $2,
410.606. New York exchange par; commer
cial paper. $1.25 per $1000 discount.
Cincinnati. October 23.—Money d@6 per
cent.
New York exchange 26c premium; clear
ings $2,867,950.
Memphis, October 23.—Clearings, $714,
4S5; balances, $108,984.
St. Louis, October 23.—Clearings. $6,649,
789; balances, $920,307. Money steady, 6@6
per cent. New York exchange 15c dis
count.
Seaboard Air Line.
Baltimore, October 23.—Seaboard com
mon, 29'/lf(f29%; preferred, 4714® 47%; 4s, 84%
@85; 5s, 103% bid.
Virginia-Carolir.a Company.
New York; October 23.—Virglnia-Caro
llna Chemical company, 66%; .preferred,
125.
Chicago Change.
Chicago, October 23.—A good cash and j
export demand, together with proepec- :
tives of unfavorable weather, caused a
firm tone to wheat today and December ;
closed % higher; December corn l%c i
higher and oats were unchanged. Janu- j
ary provisions close from 2%@5 to 15c I
higher.
The leading futures ranged as follows:
Articles. Open. High. Low. Close.
Wheat—
Oct . 71 71% 71 71
Dec .... . 72% 73 72% 72%
May . 74% 7-% 73% 74%
Corn—
Oct . Ij 58 57 57
Dec . 50% 51% 50% 51%
May . 43% 44 43% 43%
Oats—
Dec (new) ... 31% 31% 31% 31% j
May . 32% 32% 32% 32% I
Mess Pork—
Oct .16.8294 16.8294 1680 16.80 j
Jan .16.70 15.7794 15.6294 15.7794 !
May .14.8J 14.8794 14.75 14.8794
Lard—
Oct .11.00 11.00 11.00 11.00
Jan . 9.10 9.20 9.10 9.20
May . 8.45 8.55 8.4294 8.55
Short Ribs—
Oct ~. 11.50
Jan .8.27,a 8.3294 8 . 94 8.3294
May . 7.80 7.8294 7.80 7.8294
Cash quotations were as follows:
Flour—Firm.
Wheat—No. 2, 72c; No. 3, 68®7194c; No.
2 red, 71®7194c.
Corn—No. 2, 57c; No. 2 yellow, 6994c.
Oats-No. 2, 2894c; No. 3 wnite, 31913294c.
Rye—4994c.
Barley—flood feeding. 40®43e; fair to
choice malting, 44®o6e.
Flax Seed- No. *1.21; No. 1 north
western. *1.23.
Mess Pork—Per barrel, *16.85®16.90c.
Lard—Per 100 pounds, Jll.00fffill.0294.
Short Ribs Sic. s—Loose, *11.20®1L40.
Dry Salted Shoulders—Boxed, *9.75® ,
10.00.
Short Clear Sides—Boxed, *11.8794® I
12.00.
Whisky—Bnsis of high wines, *1.32.
On the produce exchange today the but
ter market, steady, creamery I(i9afa2494c;
dairy, 15®21c; eggs, firm 2294c; cheese,
steady, 1094@1144e.
The Coffee Marke*.
New York, October 23.—Spot Rio, quiet;
No. 7 Invoice, 594; mild, steady; Cordoya,
794® 12.
Futures opened steady and unchanged,
following which there was a partial loss
of 5 points under bear selling and Tater
a recovery on demand from shorts and
hull leaders, the close being steady and
net unchanged. Sales 26,500 hags. October
6.05, December 5.20, January 5.25, Februa
ry 6.30, March 5.35®6.40, April 5.45, May
5.60®5.55, July 5.65®5.70, August 5.75,. Sep
tember 5.75475.80. With the exception of
a late advance In the French market,
cables were unchanged and Brazilian re
ceipts were not far out from local esti
mates. The speculative public see noth
ing in the present situation to justify op
erations and trade is and has been for
days almost entirely professional In char
acter.
Naval 3tores
Wilmington. October 23. — Turpentine,
nothing doing, receipts 55 casks. Rosin
steady, 1.20®1.25; receipts 197. Crude tur
pentine firm, 1.75 to 3.00; receipts 40. Tar
firm, 1.40; receipts 108.
Charleston, October 23.—Turpentine and
rosin unchanged.
Savannah, October 23,-TurpenHne fi^m
at 51; receipts 1135, sales 986, exports 77.
Rosin firm; receipts 3011, sales 3127, ex
ports 465,
[OTH MARKET
SHOWS WEAKNESS
Before Midday Scare of Bears
Caused Selling
OPENING WAS QUITE FIRM
The South and Local Traders Were
Heavy Sellers at the Close—To
tal Sales Were Estimated
at 225,000 Bales.
New York, October 23—The cotton
market opened Arm, with prlceB 1 to 3
points higher, and continued to work up
ward for a brief period after the call on
bulling and a flurry of room covering,
tor the most part the result of light re
ceipts at nearly all points In the south
and rumors that Chicago Interests were
bulls on cotton. However, before mid
day the scare of the bears gave place to
a return of former aggressive short sell
ing. The cables from Liverpool, public \
and private, Indicated reluctance on the
part of the trade there to follow the
American advance.
In the afternoon the market displayed
weakness and prices ran downward rap
idly under vigorous bear pressure, ac
tive liquidation and some foreign selling.
The south and local traders were heavy
sellers at the close. Total sales were es
timated at 225,000 bales.
New York, October 23.—Cotton dull;
middling 8.70, net receipts 200, gross re
celpts 3556, sales 979, stock 41,245.
Total today at all seaports: Net receipts
14,471, exports to Great Britain 11.695, to
France 6864. to the continent 3995, stock
597,877.
Consolidated at all seaports: Net re
ceipts 259,533, exports to Great Britain
91,508, to France 40,864, to the continent
41,620.
Total since September 1 at all sea
ports: Net receipts 1,897.412, exports to
Great Britain 480,274, to France 156,958, to
the continent 590,629.
New Orleans Market
New Orleans, October 23. — The spot
cotton market was quiet hut steady. The
offerings are fairly large but consist
mainly of undesirable grades. Consider
able poor cotton Is coming into market
now and factors find themselves loaded
with grades that cannot well be moved at
prices holding to a parity with the bet
ter qualities. In fact, anything below
low middling seems now to be an easy
purchase at l-16c below board figures,
though the better grades were holding
well to the quoted range. Sales were
4450 bales, Including 1350 to arrive. Quota
tions unchanged.
Futures opened 2 to 3 points up under
the influence of the Improvement in Liv
erpool and worked up 1 to 2 points addi
tional. In sympathy with New York
prices declined 7 to 9 points and continued
steady throughout the remainder of the
day. There was free trading In January
and March, but very little In the other
positions. January seems to be the fa
vorite month for bull manipulation, but
it went down along with the others. At
the close the list showed net losses of 7
to 8 points.
New Orleans, October 23.—Cotton fu
tures quiet and steady. October 8.0808.09,
November 8.0808.10, Decemner 8.1408.15,
January 8.1808.19. February 8.1908.21,
March 8.2408.25, April 8.2508.27, May 8.28
08.29.
New Orleans. October 23—Cotton opened
firm and closed easy; sales 4450; ordinary
C 15-16c, good ordinary 7 7-16c, low mid
dling 7%c, middling 8V6c, good middling
8%c, middling fair 8%c; receipts 13,170,
stock 187,037. «
• Daf!y Statement.
Charleston—Firm; middling 8c, sales 300,
receipts 1033, stock 26,061.
Wilmington—Firm; middling re
ceipts 1648, stock 21,712.
Norfolk—Steady; middling 8 3-16c, sales
1148, receipts 3618. stock 18.877.
Baltimore—Nominal; middling 8 6-16c,
receipts 205, stock 3452.
Boston—Quiet; middling 8.70c, net re
ceipts 12, gross 5099.
Philadelphia—Quiet; middling 8.95c, re
ceipts 56, stock 5707.
St. Louis—Quiet; middling 8Vfcc, stock
10,670, receipts 4703.
Galveston—Steady; middling 8 3-16, sales i
2347, receipts 12,683, stock 160,236.
Mobile—Quiet; middling *715-16c, sales ]
500, receipts 3040, stock 26,687.
Savannah—Steady; middling 8c, sales
1345, receipts 8296, stock 117,359.
Memphis—Steady; middling 8c, sales
680ft, stuck 77,181, receipts 7037, shipments
£610.
Liverpool Market.
Liverpool, October 23.—Spot cotton
firm; prices 4 points higher. American
middling fair 5%, good middling 4.82, mid
dling 4.74, low middling 4.64, good ordin
ary 4.52, ordinary 4.40.
The sales of the day were 8000 bales, of
which 500 were for speculation and ex
port and included 6800 American; re
ceipts 150,000, Including 12,100 American.
Futures opened firm and closed quiet;
American middling, g. o. c.: October 4.58
buyers. October-November 4.51 buyers,
November-Dccember 4.48 buyers, Decem
ber-January 4.46 buyers, January-Febru
ary 4.46 sellers. February-Mareh 4.46
value, Marcb-April 4.47 sellers, April-May
4.47 value, May-June 4.47 buyers.
. Dry Goods.
New York, October 23.—The market is
quiet today in all departments. The de
mand Is mainly for quick deliveries of
staple lines. Stocks are limited and buy
ers complain of difficulty in placing or
ders. Prices firm for both cotton and
woolen goods. Silks and ribbons firm.
Murphy 6. Co.'s Cotton Letter.
New York, October 23.—The remarkable
moderate spell of weather In the cotton
belt was unbroken when the cotton mar
ket opened today. The amount of moist
ure was insignificant while the range of
mercury was still quite high, ranging as
much as 74 at Corpus Christ!, 64 at New
Orleans, 70 at Galveston, 62 at Vicksburg.
60 at Charleston, 60 at Little Rock.
Nothing approaching freezing weather
was in sight of Lander, Wyo. Despite
this showing the market opened at a
slight advance, continued buying being
credited to the bull clique, who forced
prices up. Yesterday during the later
market, in spite of decided apathy during
the early session and the absence of a
.single crop of weather development in the
interjor, thus giving rise to a suspicion
of more or less wire pulling. Neverthe
less we are still witnessing sucji a
shrinkage in the receipts day after day
as to cause us little concern in somo
quarters. This, however, has beep looked
for fof some days and its possible that
prices may improve later on. Slightly
lower prices followed the opeplng but
the market was dull, cooler weather in
portions of Texas was the forecast for
that state. Cables were quiet at 3 points
advance. Port receipts were 45,000 against
65,000 last year.
Cotton Letter.
C. W. Lee & Co.'s Letter to IL D. Coth
rap dL-Co.
New York, October 23.—There was prac
tically no change, in the irregular, dis
appointing character of the cotton mar
ket. It was small receipts tugging at
one end and fine weather tugging at the
other. Between the two ractors prices
moved first in one direction then In the
other, not making any more progress
than heretofore. March Bold at 45 and
then with apparently no reason sold
down to 37. We are free to confess we
don't know what’s the trouble. In some
ways the market looks very much as
though It wanted to ease off a little, but
Just as soon as it gets started towards
a lower level some one short of January
gets frightened at the small movement
and covers. This advances January easi
ly and causes buying In March and May.
Then, Instead of a decline, the marKet
halts, and before one Is aware of it, ad
vances several points. And so It goes.
As we said yesterday, the market Is
very disturbing to one’s peace of mind
and the only way seems to be to buy on
a good break and as soon as the cotton
shows a profit let It go. The advance in
January to 71 and a premium of 25 points
over March attracted selling In January,
and this Is partly responsible for the
break. Another reason was the report
that Mr. Boston, who came pretty neat
last year, will estimate the crop tomor
row. The gentleman In question stated
that last year’s yield would be about 11,
000.000 bales, 10,750,000 bales minimum. It
Is doubtful If the yield was over 10,400,000.
Error In this case was almost as great
as in the government figures. This au
thority Is Inclined to a bearish Interpre
tation of facts, and this must be called
bis personal equation. We would place
about as much confidence In his views
as In the views of a prominent New
York authority, perhaps a little more.
He Is unbiased by Interest In the mar
ket, whereas the New York gentleman
confesses to an extensive market Inter
est. TVe will be Interested In the figures
tomorrow, as some idea of the crop will
then be obtained. We would continue to
operato very cautiously on both sides of
the market for a while yet.
New York Cotton Future*.
Month*— Open, High. Lo*. Close.
January .... ...... 8.63 8.72 8.56 8.57
February. 8.43 8.44 8.36 8.37
March . 8.44 8.45 8.34 8.33
April . 8.35
May . 8.46 8.46 8.34 8.35
June . 8.35
July .. .... 8.45 8.45 8.33 8.35
August . 8.23
October . 8.50 8.50 8.36 8.37
November. 8.48 8.48 8.37 8.38
December . 8.60 8.62 8.49 8.49
The Meta! Pdarket.
New York, October 23.—The metal mar
kets were generally quieter today. Tin
In London closed at a decline of 2.6d or
at £119 2.6d for spot, while futures ad
vanced 2s 6d to £117 12s 6d. Locally tin
was weak, owing to the reduction of
holdings. The bid price was a shade high
er than yesterday. Spot $26.06@26.75. Cop
per remained at yesterday’s quotations
in the London market for futures at £52
12s 6d, but spot advanced Is 3d to £52
8s 9d. On this side copper was dull.
Standard closed at 11c; lake $11.75@12.00;
electrolytic $11.70@11.80 and casting $11.70
@11.80. Lead was unchanged at £10 15s
In London and at 4% here. Spelter was
unchanged In both markets, closing here
at 5Msc and at &19 5s In London. Iron
was lower In English markets. No change
In the New York market. Warrants are
nominal; No. 1 foundry, northern, $23.00
@25.00; No. 2 foundry, northern, No. 1
foundry, southern, and No. 1 foundry,
southuern soft, $22.00@23.00.
Live Stock Market.
Chicago, October 23.—Cattle — Receipts
8500, Including 3000 westerns; market
steady; good to prime $7.26@8.00, poor to
medium $3.75@6.90, stockers and feeders
$2.2o@4.75, cows $1.40@4.50, heifers $2.25@
5.00, canners $1.40@2.40, bulls $2.25@4.75,
calves $3.75@7.25, Texas fed steers $3.00@)
4.25, western steers $3.75@6.50.
Hogs — Receipts 18,000; market un
changed; mixed fand butchers’ $6.65@7.10,
good to choice heavy $6.90@7.25, rough
heavy $fi.30@6.80, light $G.30@C,.90.
Sheep—Receipts 18,000; market steady;
good to choice wethers $3.50@4.00, fair to
choice mixed $2.50@3.50, western sheep
$2.60@3.75. native lambs $3.50@5.50, west
ern lambs $3.75@5.00.
Cincinnati, October 23.—Cattle steady at
$2.00@6.00, sheep $2.35@2.40, lambs dull at
$4.00@4.25. hogs $4.00@7.50.
Cotton Seed Oil.
New York, October 23.—Cotton seed oil
easier; prime crude nominal, do yellow
36%@37. Petroleum firm. Rosin firm. Tur
pentine easy, 55%@56.
THE LOCAL MARKETS
There was no change In the local cotton
market yesterday. The wagon receipts
were 125 bales.
The local stock and bond and the pro
duce market were also unchanged. Ten
nessee Iron and Coal advanced one-fourth
In New York.
Local Cotton Market.
(Corrected Dally by W. D. Nesbitt. Man
ager for Inman & Co.)
Good middling . 8 1-18
Strict middling . 7 15-16
Middling . 7 13-16
Strict low middling . 7 11-16
Low middling. 7 7-16
Local Iren Market.
ip . 324025
2P. 23024
3P . 22023
4P " . 20023
Grey forge . 16020
IB . 24025
28 . 23021
Mottled . 17015
Local Stocks and Bonds
Corrected Dally by Caldwell & Ward.
Bankers. 2015 First A-vautn.-. Tele
phone 753. (See Card.)
Bid Askec
Ala. State bonds, cluss A .106 108
Ala. 3tate bonds, class B.106 108
Ala. State bonds, class <7.102 104
Alabama State bonds, funded..110 112
Ala. Con. Coal and Iron Co. com 34 40
Ala. Con. Coal and Iron Co. pfd 82 S6
Ala. Con. Coal & Iron Co. bds.100 105
Ala. National Bank .110 117
Ala. Steel & Ship Bid. Co., pfd. 75 87
Ala. Steel and Ship Bid. Co. bds 93 97
Ala. Steel & Wire Cc.. pfd-com.160
Ala. Trust and Savings Co.100
Avondale cotton mills . 90
Avondale Land Co.... 71
Auditorium !... -.1*
•Bessemer L. and I. Co. 28 32
Blrm. Ice Factory Co.95 100
Blrm. Realty Co., com. 55 70
Birm. Realty Co., mort. bonds. 94 98
Blrm. Realty Co. prior liens... 98 101
Blrm. Ry.. Lt. & P. Co., com.. 93 97
Blrm. Ry., Lt. & P. Co., pfd....Ill 113
Birm. Ry., Lt. & F. Cc., bonds. 103 loo
Blrm. Ry. and Elec. Co. bonds.106 112
Birm Savings Bang —.100
Blrm. Trust and Savings Co....150 170
Birm. Water Works Co. bonds.110 US
Dlmmlck Pipe Co., common.150
East Lake Land Co. 45 60
Eneley Co.. soo
Ensley Land Co., old . 6 7 -
Ensley Land Co., new.120 140
First National Bank...280 300
Georgia Ry. and Elec. com.... 43 45
Hotel Hillman . 65
Jefferson County Sav. Bank. .118 120
Jefferson County Bonds—
4s .101 105
.106 110
6s. 117 121
Martin Cracker Co.101 U5
•North Birmingham Land Co ..34 38
People’B Sav. Bank & Trust Co. 115
Republic Ste el and Iron Co.,com 21 24
Southern Club 6s.65 »n
gloss I. & S. Co. 1st mort. bds...112 110
Sloes I. & S. Co., gen. mtg. bds. 86 SS
Sloss-Shcffleld common . 65 70
Sloss-Sheffleld. pfi . 90 93
T. C. 1.. gtii. mtg. Donds.91 103
T. C. L, Tenn. Dlv., bonds.... 101 111
T. C. 1., Blrm. Dlv. bonds ....110 112
T. C. L Cahaba dlv. bonds ....103 107
T. C. I. Debardeleben dlv. **1*.102 106
T. C. I.. Pratt dlv. boud« .10S ltd
Williamson Iron Co., bonds. 70 85
•Ex-dlvldend
Birmingham City Bonds.
Birmingham city bonds can b* bought
on about a 5 per cent basin
Fruit and Produce.
(Corrected daily by P. (jltusopazzl, Nob.
2020-2022 Morris Avenue.)
Butter—Best Elgin. 25c; Mississippi, best
grade, 26c; Mississippi, second grade, 23c;
good country, 15@20ib; cooking, 12%c.
Apples—Fancy stand, $3.50 per barrel;
choice, $2.25@2.50.
Peaches—Per crate, 90c to $1.
Pears—Per crate, $2.50@2.75.
California Pears—Per crate, $2.25<5'2.7o;
domestic, $2.50 per barrel.
Tokay Grapes—$1.75£>2.00.
Irish Pointoes—Per bushel, 75c.
Sweet Potatoes—Per barrel, $1.60@2.25.
Tomatoes—Home grown, i baskets, $1.26.
Squash—Per crate, $1.90.
Beans—Per bushel, 76c.
Bananas. Per Bunch - CuJ In §0®73c;
straights. $1 25® 1.60.
Eggs—Per dozen, 21@22c.
Limes—Per hundred, SI.CO.
Poultry—Best friers, extra large, 89c;
Alabama. 18@25; medium. 12*6(016; broil
ers, 10@12c; hens, 331-3®35c; Pekin ducks,
40Ci&6; puddle ducks. 20<g)25c.
Onions—Per pound, 2c; Spanish onions.
$1.26@1.50 per crate.
Cabbage—Virginia, 90c a hundred;
norther, $1 per hundred pounds.
Dried Apples—California evaporated, 9o;
1-lb packages. 9%c; sun-dried. 6c.
Quinces—Per box, $1.50.
Cranberries—Per box. $2.50.
Oranges—Jamaica, per barrel, $6.50;
Jamaica, per box, $3.25.
Grapes—Concord, 8th baskets, 23c; pony
baskets, 12%c. Malogas, heavy weights,
per keg, $6; light weights, per keg, $5.50.
Cocoanuts—Ruatan, fresh, per 100, $3.50.
Lemons—500-slze, $2.50; 360-size, $4.50.
Peanuts—Fancy, per pound, 6c.
Turnips—Ruta Begas, 60c per bushel.
Peas—Blackeye, $2.40 per bushel.
Chestnuts—Per pound, 5c.
Brazllnuts—Per pound, 11c.
Garlic—Per pound, 8c.
Local Stapla Groceries.
Apples—Western evaporated, 7H®S%c.
Flour — Tennessee patent, $3.75; halt
patent. $3.45.
Sugar—Granulated, 4%; Y. , 4^c.
Coffee—Greer.. SM^llttc; Arbuckle’S
r rages, $10.80; Lion packages, $10.30;
Cordova packages, $10.30; Porto Rico,
$10.80.
Meats—Dry salted ribs, ll^c; clear bel
lies, 13*4c; dry salted rib bellies, 12%c;
hems, fancy, 13%c; medium. 13c; Cali
fornia. 10c; breakfast bacon. 14c.
Cheese—New York full cream, 14@14%c.
Lard—Leaf. ll%c.
Compound Lard—Snow drift, 8%c.
Molasses—Centrifugal. 15@35c; sugar*
house. 20(®35r: Georgia cane. 36c.
Corn—Mixed, 80c; white, 82c.
Meal—Pearl, $1.34; water ground, $1.34.
Hay—Per ton. choice timothy, $18.00;
No. 1, $16.50; clover, mixed, $16; prairie,
$18; Johnson grass. $12.50(3514.60.
Oats—Mixed, 41c; white, 44c.
Cotton Seed Meal—Per ton, $24.60.
Bran—Mixed. $17; pure wheat. $18.
Don’t forget
ESTES HARDWARE CO.
Have Removed
to
1905 Third Avenue.
THEODORE H. PRICE
On Cotton.
New York, October 23.—A slight decline
In the cotton market has occurred today
as a result of the promulgation or a
crop estimate of 11,200,000 bales by A. J.
Buston of Liverpool. Mr. Buston left
New York on September 20 and returned
this morning; he has, therefore, been rb
sent twenty-five days, including SundPT*s.
His crop estimate is prediction up <.
inspection within this period of th*' n
dition of the crop in eleven joi;;*'*rn
states covering an area of 732,000 square
miles, in which a cotton acreage of about
27,000,000 acres is under cultivation. As
| suming that Mr. Buston was able to
| cover the whole area by night travel and
to examine the crop personally by day
light, the time that he has been absent
from New York would have allowed bare
ly two days in each state. This would in
volve his examination upon tne average
of 30,000 square miles per day.
In this view of the case, it is obvious
that Mr. Buston’s estimate can only be
regarded as an expression of personal
opinion, and while, knowing him as I do
personally, I give him credit for all sin
cerity, I can but recognize that like
nearly all Englishmen, he approaches the
problem of American cotton production
in an attitude of extreme skepticism as
to the possibility of a short crop, and
that going south with this preconception
from a foreign market, whose interest
is to buy American cotton as cheaply as
possible, he is likely to be unduly swayed
by Influences of which he is perhaps un
I conscious. As against Mr. Buston's views
there is the testimony or the United
States government, and of thousands of
my own correspondents that this is the
shortest cotton crop per acre that the
south has produced in many years. This
I believe to be the truth. Receipts al
ready attest It.
The movement this week will rail 100,
000 bales below the movement for the
corresponding week last year and next
week the comparison will probably show
a deficiency almost as great. The statis
tical positon is strong beyond peradven
ture. Mr. Buston’s estimate will not long
be effective as a bear argument in the
face of these adamantine facts, and I
continue to advise my friends to buy cot
ton, more confident than ever in my con
viction that very much higher prices
during the present season will be real
ized. The commercial crop last year was
10,600,000. The production is generally
conceded to have been only 10,300.000, al
though Mr. Buston’s estimate at this
time last year was 10,750,000, minimum
and his prediction was for lower prices.
As a matter of fact, middling cotton
when he made his last year’s estimate,
was selling in New Orleans at 7% and it
subsequently advanced two cents a
pound. With the increased consumption
this year's history seems not unlikely to
repeat itself so far as the market is con
cerned, even if Mr. Buston’s extreme fig
ures should be approximated.
THEODORE H. PRICE.
Established March 12. 1900.
SMITH, MAY COMPANY
Correspondent* of
THE ODELL COMMISSION CD.
Rooms Noa 1 and 2 Elyton building, up
sta s—Corner 20th st and Morris ava
Stocks, Cotton, Grain
and Provisions.
Quickest Service in the Son Vi.
WE INVITE COMPARISON.
No interest charged on trade*, and divi
dend* paid on stock* bought on tuagln*.
giving all advantage* of actual owner to
purchaser,
PROMPT AND CAREFUL ATTEN
TION GIVEN TO ORDERS OVER TEL
EPHONE OR BY 'i .EGRAPH. Orders
by telegraph may be sent C. O. D.. and
we will prepay notice of execution.
Telephone 847.
Our Dally Market Report mailed on ap
plication.
BIRMINGHAM AND ATLANTIC.
Schedule Effective June 8, 1902.
I No. L No. 8.
Leave Talladega .j 7:20 am 4:00 pm
Arrive Pell City .| 8:33 am 5:21pm
Arrive Birmingham .j 9:58 am 10:00 pm
Arrive Anniston ..j. 7:00 pm
— I No. 2. No. 4~
Leave Birmingham .| 6:00 am 4:30 pm
Arrive Pell City .| 7:12 am 5:62 pm
Arrive Talladega .110:37 am 7:09 pm
~Traln* run every day. Quickest route
between . Talladega. Birmingham and
Western points.
Ship your goods via Birmingham and
Atlantic.
JOHN C. SOLEY, W. L. LAW,
General Manager. ---, Superintendent,
The FIRST NATIONAL BANK of Birmingham, Ala.
STATEMENT TO COMPTROLLER (Condensed) September 15th, 1002.
RESOURCES.
Loans and Discounts.$2,688,195.61
Overdrafts.. 418.h4
U. 8. Bonds and Premiums 102,500.00
Other Stocks and Bonds.. 10,520.00
Bank Building;. 51,000.00
CASH.
In Vaults_$ 409,192.27
With Banks,. 1,103,519.10
With U. S.
Treasurer .. 4,870.40
$1,517,581.77
$4,370,213.82
LIABILITIES.
Capital Stock..5 250,000.01
Surplus and Profits. 233,527.03
Reserved for Taxes. 4,667.23
Circulation. 60.000.00
DEPOSITS.
indivldi al ...*3,379,603.19
Bank. 402,426.41
United States. 60,000.00
*3.832,029.51
84,370.213.82
___ _!-X- -
W. P. G. HARDING, President,
J. H. WOODWARD, Vice-President. J. H. BARR, Vice-President.
W. W. CRAWFORD, Cashier. A. R. FORSYTH, Assistant Cashier.
DIRECTORS—T. T. Hillman, E. M. Tutwller, B. F. Moor-, F. D. Nabers, Rob
ert Jemison, Erskine Ramsay, F. M. Jackson, T. H. Molton, William A.
Walker, W. S. Brown, W. H. Hasalnger, Walker Percy, N. E. Barker.
W. P. G. Harding, J. H. Barr.
INTEREST ALLOWED ON CERTIFICATES OF DEPOSIT
J. B. COBBS, President.
H. H. Mayberry, Vice President. W, A. PORTER, Cashier.
8. McGAUGHY, Asst. Cashier. C. M. WILLIAMSON, Aest. Cashier.
ALABAMA NATIONAL BANK
OF BIRMINGHAM, ALA.
UNITED STATES DEPOSITORY.
Transacts a General Banking Business
CAPITAL.$200,000.00
GUARANTEE TO DEPOSITORS.#400,000.00
Accounts with Individuals, Arms, corporations and banka solicited
Three per cent Interest allowed on savings deposits.
Southern Railway Co.
The Great Highway of Travel North,
East, South and West.
Schedule in Effect January •, 1902?
EABTBOUND.
~ I No: a. ! no.j Mo. *r
Lv Birmingham f 4:30 pm 6:10 am | 4:10 pm
Ar Anniston ....| 7:00 pm 8:20 am 6:28 pm
Lv Tallapoosa . 8:82 am 7:55 pm
Lv Atlanta .|12:00 n 11:50 pm
Lv Atlanta . (12:00 pm 11:60 pm
Lv Charlotte .| 8:18 pm| 9:60 am
Ar Danville .Ill :58 pm I 1:38 pm
Lv Danville ...| 1:04 am| ? :46 pm
Ar Richmond .| 6:00 am| 6:25 pm
Ar Washington .| 6:42 am| 8:50 pm
Lv Washington .| 7:00 am|10:00 pm
Lv Baltimore .1 ® :00 am|ll :25 pm
Lv Philadelphia .)10:16 am| 2:56 am
Ar New York .|12:43 pmj 6:23 am
Ar Boston .j 2:00nml 9:00 om
No. 38. “Washington and Southwestern
Limited/' solid vegtlbuled train. Atlanta
to Washington: Pullman sleeping car,
Birmingham to New York: also Pullman
library observation car. Atlanta to New
York: dining car east of Atlanta.
No. 36. “U S. Fast Mall/’ carries Pull
man sleeping cars Birmingham to Rich
mond. Va.. via Atlanta; sleeper Atlanta
to New York: sleeper Birmingham to
Jacksonville. Fla.: cafe car Birmingham
to Atlanta, regular.
Dining ear east of Atlanta. _
| T90.S5. i No. 36
Lv Birmingham .I 6:10 ami 4:10 pm
Lv Atlanta .112:05 pm 110:45 pm
Ar Macon ......I 2:25 pm|12:55 am
Ar Helena . j 4:45 pml 3:08 am
Ar Jesup .! 6:50 nm I 5:20 am
Ar Brunswick .j 8:35 pml 7:15 am
Ar Jacksonville. Fla.1.18:30 am
Ar Savannah .|18:20 am| 8:30 am
WESTBOUND.
rNo. 87. 1 No. 35.
Lv Birmingham .110:20 pmII2:25 pm
Lv Corona...112:05 am! 3:35 pm
Lv Favette .| 2:40 ami 4:32 pm
Ar Columbus .4:15 ami 6:55 pm
Lv Columbus .I 4:25 nm! 6:00 pm
Lv West Point .| 6:08 am! 6.87 pm
Lv Winona .| 7:51 ami 8:48 pm
! Lv Greenwood .1 9:25 am110:03 pm
1 Ar Greenville .112:05 n 112:10 am
i No. 87 carries Pullman sleeping ear Blr
| mlngham to Greenville. Miss.: open at 9
, h. m. ___
SOTTTIIBOTTND.
! --1 N<Cl9. | No. St."
; Lv Birmingham .I •:» am|10:» pm
• Ar Gurnee Junction .I 7:50 amiH :23 pm
! \r Wilton ..I 3:27 am 112:05 am
i Lv Wilton .I 8:85 amjl2:05 am
Ar Selma .|10:40 ami 1:50 am
Lv Selma .| 4:20 pm| 1:55 am
Ar Mobile .|10:g pml 7:10 am
No. 21 carries Pullman sleeping car Bir
mingham to Mobile: open 9 p. ra. _.
TRAINS ARRIVE AT BIRMINGHAM^
NoTSSTfrom-Greenville .I 6:40 am
No. 22. from Mobile .I 6:30 am
No. 16. from Blossburg .I 9:16 am
No. 21. from Anniston .I 9:53 am
No. 35. from Atlanta .111:46 am
No. 36. from Greenville .i 4:00 pm
No. 20, from Selma .I 9:00 pm
No. 37. from Atlanta .I 9:60 pm
■ jr. S._Gannon, third vice president and
general manager. Washington. D. C.
S. H. Hardwick. G. P. A.. Washington.
D. C.
C. A. Benscoter. G. P. A.. Chattanooga.
Tern. _ . .
C. B Jackson. T. P. A.. Birmingham.
Ala.
Effective April 20, 1902.
' EAST-BOUND.
---- TTNo. 1 I No. 4.
Daily.J Dally^
Lv Birmingham . 7:10 am| 4:00 pm
Ar Chlldersburg . 8:47 am 6:3. pro
Ar flvlacauga . *:®7 am| 5:60 pm
Ar-Talladega ."" |”“!.
ATiJoSawatfr . 9:42 am| 8:34 pm
Vr Alexander City .10:16 am| 6:50 pm
4r Dadevllle .10:63 am| 7:26 pm
tr Camp Hill .. am| 7:46 pm
Ar .11:56 am| 8:25 pm 1
£ Pniumbul . T.00 pm| 9:36 pm |
■j—-SmT'Valley .Tito praIU-45 pm
t Macon . 4:48 Pml12:40 am
£ -UpJ 7:30 am
--" ARRIVALB.
.. , Irom Macon, Albany, Columbna
Onelika. Amerlcua. etc.. 8:46 p. m.
No 3 from Savannah. Augusta. Macon.
Columbus, etc.. 12:20 p. m.
Elegant through sleepers between Bir
mingham, Columbus, Macon and Savan
nah on Noa 8 and 4.
Connection la made at Savannah with
the last freight and luxurious passenger
Steamships of ths Savannah Line from
and to New York. Boston and the East.
For more detailed information, beauti
fully-illustrated matter, write or apply to |
SOLON JACOBS, Commercial Agent,
w. D. HAMMET. Traveling Passenger
Agent. 1921 First Avenue.
JACK W, JOHNSON,Union Ticket Agent.
Birmingham, Ala
J. c. HAILE. General Passenger Agent
F. J. ROBINSON. Asst. Gen. Pass. Agent
A. WINBURN, Vice President and
♦
RAILWAY SCHEDULES
In Effect September 7. 1308.
Arrival and departure of all trains si
Union Passenger Station. Rlrm-nghem
Ala._,_
L, A N.—North.
" | Arrive.} bepatt
•No. 2, Fast Mall, N. O.. 112.03 pm 13.-20 pm
•No. 4, Fast luall, N. O..J 8:04 pm) 8:11 pm
INo. 8, Deoutr Accom...|..( 4:18 pm
INo. 10. Montg*m ac'm. ..| 7:80 prnj..
South.
| Arrive. fDepart
-No. 1. Fast Mail. CIn....( 8:28 am! 8:88 am
No. 7. Daeatur Accom—.( 8:15 am.
-No. S. Fast Mail. Cln....| 3:86 pm j 8:65 pm
No. 8, tfi Montgomery..!.| 8:25 am
BIRMINGHAM MINERAL—North.
’No. 40. Fart Mall. Biocton 10*48 mm
;No. 42 Fart Man Biocton mi Ml £
No. 45, Altoona Accom ........ flTM
N°- 102« Biocton Ac com .I’ 7:15 pm
South.
►No. 41. to Biocton . aSV™
Wo. 43. to Biocton . ’ .. 1:2 VZ
INo. 44. Altoona Accom .. 1*56 nm
;No 101. Biocton Accom ..._7 6:50 am
A. G. 3s—North.
•NO. 2. Fast Mall. N. 0..| J^Tam
•No 6 MerMl" 8;« P™l 8:B0pm
No. 6. Meridian Accom..(12:25 pml 4:40 pm
8outh.
•No I' S‘om C,r,c'"r'»« ■ f70:^pm!M?l(Tpm
•No k 9:155 *m!10:00am
No. 6. Chattan go Ac’m..!12:45 pm| 4:30 pm
SO. R. R—North, East, South. West
No. 18. torn Blosahurg. ACra.. J s'l’in’am
No. 50. from Selma . I e-oo „„
No 21. from Annlrton .7* , J.’iS J™
No. 35. from Washington .>11:45 am %
No. 35 from Mississippi .I 4 pr> nr_
No. 37 from Washington 1 0-50 nm
No. 38, from Mississippi I 5*40 nm
No. 2? from Mobile and Selma*.J 5!40 am
No. 15. to Blossburg. Aoeom...| 4*0*pra
No. 18. to Selma . i ..m
No. 22, to Anniston .j __
No. 85. to Mississippi .J12-25 nm
No. 38. to Washington . I «.j0 D—
No. 37. to Mississippi ..IMuSSS
No. 83, to Washington .| o-oo am
•No. 21. to M bile .".illOdwSS
'FRISCO SYSTEmT "
K. C., M. 4 B_East
f ArflT€
•No. 205. Southeastern Limited...! 8:86 oni
•No 203. New York Express . 5:60 am
No. 206, Winfield Accom .'10:00 am
Fast Line to Kansas City.
West
I
■No. 208. Southeastern Limited...|12:Srtom
•No. 204. New York Express .(10:20 Dm
No. 210. Winfield Accom .J 4:30 pm
CENTRAL OF GEORGIA-Earn*.
(Depart
7:io am
8:80 pm
west
.XT . ^ IArrive.
•No. 1. from Macon .........I 8:81 pm
•No. J. from Savannah ..(12:80 pm
Train# marked thus * run dally. Thus I
jelly except Sunday.
Atlantic Coast Line R, R. Co.
-Train No*.——
August 81. | 82. | 78. 68.
Lv Mpntgomery..|2:46 pm| 8:30 am 7:48 ptn
Ar Sprague June. 3:50 pm 7:00 am 8:20 pm
Ar Luverne .(5:25 pm 11:00 am.
Ar Troy . 8:05 am »:2B pm
Ar Brundldge . 8:40 am 10:06 pm
Ar Osark . 9:80 am 10:55 pm
Ar Elba Junction . 9:66 am 11:17 pm
Ar Elba ...12:05pm..,...
Ar Abbeville Junction.... 10:30 am 11:60 pm
Ar Abbeville .(12:15 pm.
Ar Dothan .10:42 am 12:01 ani
Ar Balnhrldge ..12:37 pm 2:00 am
Ar Climax .12:52 pm 2:17 am
Ar Thomasville . 1:45 pm 3:16 am
Ar Valdosta . 8:21 pm 4:37 am
Ar Waycrose . 5:25 pm 6:15 am
Lv Birmingham (L. and N.) .I S;B5 pin
Ar Montgomery .! 7:25 pm
Lv Montgomery . 6:30 ampDlS'pm
Ar Waycross . 5:25 pm 6:15 am
Ar Jacksonville . 7:65 pm 9:06 am
Ar Deland . 5:36 pni
Ar Sanford . 2:10 am 5:50 pm
Ar Orlando . 8:15 am| 6:46 pm
Ar Ocala .| 2:45 pm
Ar Tampa . 7:10 am|10:00 pm
Ar Port Tampa . 7:55 am|10:30 pm
Lv Montgomery . 6:30 am| 7:45 pm
Ar Waycross .| 5:25 pml 6:15 am
Ar Brunswick .| 7:30 pm 110:00 am
Ar Jessup . 6:50 pm! T:45 am
Ar Savannah . 8:40 pm| 9:35 am
Ar Charleston . 6:45 am! 5:25 pm
Pullman's newest sleepers on tralnNoT
58 between Montgomery and Jacksonville.
Steamers leave Port Tampa Tuesdays.
Thursdays and Sundays at 11 p. m. for
Key West nnd Havana, Cuba.
J. A. TAYLOH. Traveling Passenger
Agent. Montgomery. Ala.
W. H. LEAHY. Division Passenger Agent
Savannah. Oa.
W. J. Craig. General Passenger Agent
Wilmington. N. C.
H. M. EMERSON. Assistant TrafTIo
Manager. Wilmington. N. C.
T. M. EMERSON. Traffic Manager. Wil
mington, N. C.
Carrollton short line rail>
WAY COMPANY,
To Carrollton and Stansel. Ala., via
Reform. Ala.
No. 2. ’ No. L
11:00am Leave Carrollton...Arrive 4:06 pm
11:20 am Leave Stansel.Arrive 3:45 pnt
11:40 am Arrive Reform.Leave 3:25 pm
JOHN T. COCHRANB,
Free, and Gen'l Manager.
Carrollton. Ala.
We make cuts Half tone and lined.
Agg-awflid £ui>jiflhtegtga -