The Birmingham age-herald. [volume], December 31, 1902, Page 7, Image 7

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

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STOCK MARKET
QR0WSSTRBN6ER
Exchange Had Appearance ot
Great Activity and Breadth
^ACTION WAS BIG SURPRISE
Aggregate Dealings Exceeded But Lit
tle Over Three-Quarters of a Mil
lion Shares—Precautions to
Prevent Money Troubles.
New York, December 30.—Today’s stock
market made an Imposing show if
strength with an appearance of great ac
tivity and breadth, but a close analysis
reveals tliat tbe business was much con
gested In comparatively few stocks, while
the broad appearance of the market was
accounted for by the number of long ne
glected stocks that were operated in. The
aggregate dealings exceeded but little
over three-quartrs of a million shares.
The action of the market was something
of a surprise, coming on the day before
the end of the year which has long been
dreaded as threatening a pinch In tho
money market and possible embarrass
ments. It Is likely that this long expecta
tion was largely accountable for today s
strength. Not only have elaborate precau
tions been taken to guard against money
difficulties, but a large Bhort Interest has
remained uncovered with the intention of
closing out the closing contracts with the
expected weak markets at the end of the
year. .The money market gave evidence of
P lightness in the early day, and there was
considerable calling of loans, especially
by trust companies through which divi
dend and Interest payments are to bo
made after the first of January, but such
careful arrangements had been made to
meet the situation that call loan rates did
not get above 14 per cent. Later in the
day the rate ran off to 6 per cent. Ap
parently some leaders had held out too
long, and were left with funds on their
hands. No admission was made that the
bankers’ pool had made a requisition up
on the *50,000,000 reserve fund pledged tot
al! emergency to avert any dangerous
emergency and the near approach of the
end of the year helped to reassure spec
ulative sentiment that the danger period
. was over.
The coaler^ were easily the leaders of
the day’s market, the movement center
ing in Erie on account of the Increase of
*341,540 in net earnings reported for No
vember. This was regarded as indicating
a rapid rate of recuperation of strike
losses, and the present demand for the
large output of anthracite coal confirmed
the favorable impression. The enormous
absorption of Erie gave rise to various
rumors as to the source of the buying
and the possibility of a further deal be
ing contemplated. The assertim that
the Union Pacific’s troubles over wages
of employes had been adjusted also was
lavorable influence. Various long neg
lected stocks were traded in and quota
tions established which seemed to indi
cate revived hopes of a market for secu
rities which have been a drug for some
time. A feature of the day was the ac
tivity in the curb market of the inter
national marine securities, the common
\ stock selling i:;> IT's, the preferred to
48%, and the ' . being bid up from
| 75 to 91 withe These securities
\ are dealt in whin issued, ine decline in
1 discount rates in London and the easier
tone of exchange in response here had
a reassuring effect as to the possible
future demands upon New York by Lon
don. The market closed strong and prac
tically at the top.
Bonds were rather irregular. Total
sales, par value, $2,980,000. United States
bonds were all unchanged on the last
call.
• New York Stocks.
Open. High.Low. Clos.
Atchison .82% 84 82% 83%
Atchison pfd .99% 100% 99% 100%
Arner. Sug. Refining...129% 130 128% 128%
Brook. Rapid Transit.. 6G% 68% 66% 67%
Chesapeake & Ohio ... 4676 4S% 46% 48%
Copper .61% 62% 60% 62%
Colorado Fuel .80% 80% S0% 80%
Erie .35% 38% 35% 38%
Louisv. & Nashv.125% 127 125% 127
Manhattan L.145% 146% 145% 146
Missouri Pacific.106% 10S% 106% 108%
M. . K. & T. pfd. 57 57 57 57
Norfolk & Western .. 72% 72% 72% 72%
N. Y. Central .151% 152% 151% 151%
Pennsylvania.154% 155% 154 155%
People's Gas .102% 193% 102% 103
Republic Steel .19% 20% 19% 20%
Republic Steel pfd ... 76% 77 76% 77
Reading .63% 66% 63% 66%
Southern Pacific .6374 64% 63% 64%
Southern Ry .32% 33% 82% 33%
Southern Ry. pfd .... 92% 92% 92% 92%
St. Paul .176% 178% 176% 178%
Texas & Pacific .39% 40 39% 39%
Term. Coal & Iron ... 57% 59% 57% 59
U. S. Steel .34% 35% 3474 35%
U. S. Steel pfd .84% 85% 84% 85%
Union Pacific .98% 100% 98% 100%
U. S. Leather .12 12 12 12
Western Union . 88 88% 88 S8%
Baltimore & Ohio .... 9774 99-% 9774 99%
Illinois Central .145 145% 145 145%
Rock Island . 47% 4974 41% 49%
, Bonds.
United States refunding 2s, reg.108%
United States refunding 2s, coupon_10S%
United States 3s, registered .107%
Tin ted States 3s, coupon .108
United States new 4s registered.135%
United States new 4s. coupon .135%
United States old Is registered.100%
United States old 4s, coupon .110%
United States 5s, registered .103%
United States 5s, coupon .103%
Wisconsin Central 4s . 03%
Mobile and Ohio ct. 4s . 93
Central of Georgia 2d Inc. com. 36
Money on Call.
New York, December 30.—Money on
call, 3@4 per cent, closed 3@4 per cent;
time money easier; sixty to ninety days,
6 per cent; six months, 5%©6 per cent;
prime mercantile paper, 6 per cent. Ster
ling exchange easy, with actual business
Til bankers hills at 48ii.625@486.75 for de
mand and at 4835483.125 for sixty days;
posted rates, 484(5487.50; commercial bills,
4S2.50@482.75. Bar silver, 48; Mexican dol
lars, 38. (Thvernments bonds steady; state
bonds firm; railroad bonds irregular.
Treasury Statement.
Washington. December 30. — Today's
statement of the treasury balance shows:
Available cash balance, $211,212,267- gold.
$120,200,503.
COTHRAN & CO.
INCORPORATED.
BANKERS . AND . BROKERS
Ground Floor, Woodward
Building.
Stocks and Bonds,
% Cotton, Grain,Provisions
Direct private wires to New
York, New Orleans
and Chicago. ;
MUBPHY & CO.
(Incorporated.)
ALABAMA NATIONAL BANK B'LD’G
I'rivate Leased Wire. Direct to New
York. New Orleans and Chicago.
COTTON. STOCKS d> GRSiN.
hEW YORK OF! ICE—NO. 61 BROADWAY.
Offices la principal cities throughout the
■oath.
TVrite for our Market Manual and book
containing instructions for tradara.
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 & CO!
BANKERS AND BROKERS.
Mortgage Loan;: at 5 and 6 Per Cent
Rooms 211-212 Woodward Building.
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 lowest.
C, GAZZAM. AGENT.
Room 16, Chalifoux Bldg.
Clearings and Exchanges.
New York, December 30.—^Exchanges,
$209,015,056; balances. $10,705,244.
Philadelphia, December 30.—Clearings,
$20,428,520; balances, $3,531,952.
Baltimore, December 30.—Clearings, $4,
368,265; balances, $669,621.
Cincinnati, December 30.—Money, 5@6
per cent.; new exchange, 50 cfents. Clear
ings, $3,266,300.
Memphis, December 30,—Clearings, $715,
053; balances, $253,847.
New' Orleans, December 30.—Clearings.
To,756,730; New York exchange, bank, $1
per $1000 premium; commercial, $1.25 per
$1000 discount.
St. Louis, December 30.—Clearings. $7,
737,060; balances, $1.154,5S7. Money steady,
5@6 per cent. New York exchange, 50
cents premium.
Seab:ard Air Line.
Baltimore, December 30.—Seaboard, com
mon, 26%; do preferred, 43%; do bonds,.
83%.
Chicago ’Change.
Chicago, December 30.—Prospects of a
bearish government report caused an
easier feeling In the wheat pit today, and
the close was %@%c lower for May; corn j
was %c lower and oats w’ere also off %c.
May provisions closed from 5 to 6%c@10c
lower.
The leading futures ranged as follows;
""Articles. Open. High! Low. Cios. j
vv ucai—
Dec . 74% 74% 73% 73%
May . 77 77 70% 76%
July. 73% 74 73% 73%
Corn
Dec . 45% 45% 44% 44%
Jan . 45% 45% 44% 44%
May. 43% 43% 43% 43%
Oats—
Dec (new) ... 32% 32% 32% 32%
May . 34%. 34% 33% 33%
Mess Pork—
Jan .17.20 17.27% 17.20 17.27%
May .... ..16.45 16.47% 16.42% 16.47%
Para
Dec .10.25 10.00 10.25 10.30
Jan . 9.95 10.00 9.90 9.92%
May . 9.55 9.57% 9.52% 9.55
Short Ribs—
Jan .8.47% 8.47% 8.47% 8.47%
May .8.02% 8.65 8.62 8.62%
Cash quotations were as follows:
Flour—Quiet but firm.
Wheat—No. 2 spring, 74c; No. 3, 69%c;
No. 2 red, 73%®74%c.
Corn—No. 2. 44%c; No. 2 yellow, 48®49e.
Oats—No. 2, 32%c; No. 3 white, S2%@
34%c.
Rye—No. 2 rye, 48%c.
Barley—Good feeding, 39c; fair to choice
malting. 46@56c.
Flax Seed—No. 1, $1.16; No. 1 northwest
ern, $1.22.
Timothy Seed—Prime, $3.75.
Mess Pork—Per barrel, $12.75.
Bard—Per 100 pounds, $10.36(7/10.37%.
Dry Salted Shoulders—Boxed, $8.25®
8.50.
Short Clear Sides—Boxed, $9®9.12%.
Whisky—Basis of high wines, $1.31.
Clover—Contract grade, $11.
On the produce exchange today quo
tations were as follows:
Butter—Quiet and steady; creamery, 18®
20c; dairy, 14®27c.
Eggs—Quiet, firmer, 25c.
Cheese—Dull, steady, 13c.
The Coffee Market.
New York, December 30.—Coffee—Spot,
dull. Coffee futures opened steady and
unchanged, and was very quiet under
featureless foreign news and the ap
proaching holidays. For a time the mar
ket was steadied to a partial advance of
5 points by buying for scattering ac
counts. then became more active and
eased off again under the sales led by spot
houses and Europe, finally closing net
unchanged to 5 points lower. Sales, 41,
500 bales. January, 4.40; February, 4.50;
March, 4.56; April, 4.70; May^4.80; June,
4.85; July, 4.90; September, 5.0S@5.10.
The Metal Market.
New York. December 30.—Tin advanced
15s in London today, spot closing there
■at £120 7s anil futures at £120 12s 6d; the
market was Arm and higher here, closing
at $26.60020.75.
Copper also advanced both In London
and locally, the gain abroad being 3s 9d
to £52 6s 3d for spot and £52 13s 9d for
futures. Locally it was quiet; standard,
$11.00 nominal; lake, $11.62%011.87%; elec
trolytic at $11.50011.75, and casting at
$1150011.67%.
Lead advanced Is 3d In London to £10
17s Gd, but remained quiet and unchanged
here at 4%.
Spelter declined 2% here to $4.70, but
advanced 2s 6d In London, closing at £19
17s 6d.
Iron at Glasgow closed at 52s 6d and
at MlddleSboro at 46s 4%d. Locally It
was dull and unchanged. Warrants con
tinue nominal. No. 1 foundry, northern,
$23.00025.00; No. 2 foundry, northern, No.
1 foundry, southern, and No. 1 foundry,
southern soft, $22.00023.00.
Live Stock Market.
Chicago, December 30.—Cattle^-Receipts.
8000, including 400 Texans; slow. Good to
prime steers, $5.4006.35; poor to medium,
$2.7505.00; Stockers and feeders, $2,000
4.40; cows, $1.2504.60; heifers, $2.0005.50;
canners, $1.2502.40; bulls, $2.0004.30; calves,
$4.5007.90; Texas steers. $4.6004.75.
Hogs—Receipts, 50,000; 15 to 20 cents low
er. Mixed and butchers', $0.1506.45; good
to choice heavy. $6.6006.70; rough heavy,
$6.2006.50; light, $5.9006.35.
Sheep—Receipts, 18,000; market 10 to 15
cents lower. Good to choice wethers,
$4.0004.60; fair to choice mixed, $3.2504.00;
western sheep, $4.0004.60; native lambs,
$1.1005.90; western lambs, $4.2504.90.
Cincinnati, December 30.—Hogs active,
$5.5006.62%. Cattle steady, $2.0006.00.
Sheep strong, $2.0003.75. Lambs active,
higher, $4.0005.75.
All kinds ol cuts. Age-Herald En
graving Department, j
l I
Scramble for January Contracts
Causes Excitement
CLOSE WAS VERY STEADY
There Was Considerable Profit Taking
On Account of Flurry, But the
Tone Soon Became Firm as
the Session Wore On.
New York, December 30.—The cotton
market, after opening firm at unchanged
prices to an advance of 6 points, ruled
very .active and strong with great excite
ment at intervals prevailing. For weeks
the market has been dominated by claims
and counter claims regarding the existence
of a large long interest in January con
tracts and also regarding its financial
ability to take care of the large quantity
of cotton accumulating at New York and
at nearby points, which the shorts prom
ised to deliver with market smashing in
tent. A few days ago the leader of the
January pool caused a flurry by advising
any of the scattered longs who might pre
fer to hold their contracts while being
without financial ability to do so, that
places would be provided on timely notice;
so that selling would not be necessary
under notice pressure. This statement
was variously received; but the course of
today’s market indicated that it was
made in good faith and that it was also
made good. Notwithstanding notices to i
the extent of nearly 100,000 bales were is- '
sued, they were promptly "stopped" and
a scramble for January contracts became
imminent and very active. The position
advanced 15 points, while the rest of the
list advanced 7 to 10 points. Then fol
lowed a period of realizing or profit-tak
ing. under which prices gave way a few
points, but the market was finally steady
at net unchanged prices to an advance of
5 points. Other factors explaining the ad
vance, now a matter of about %c, since
the middle of November, were continued
small receipts, an advance of 1 1-16(&%c
in the spot markets of the country, unfav
orable weather in many parts of the cot
ton belt, and strong cables, the latter re
porting an advance of 7J/4 to 8 points on
futures, and 4 points on spot prices.
Total sales of futures estimated at 500,
000 bales.
New York. December 30.—Cotton quiet;
middling 8.90, net receipts 278, gross re
ceipts 10.332. sales 800, stock 100,474. ex
ports to Great Britain 80, to the continent
1467, to France 2261.
Total today at all seaports—Net re
ceipts 65,578, exports to Great Britain 14.
7G9, to France 2261, to the continent 14,339,
stock 1,104,369.
Consolidated at all seaports: Net re
ceipts 147.464, exports to Great Britain 50,
403, to France 2261, to the continent 47,
002.
Total since September 1 at all seaports:
Net receipts 4,845.937. exports to Great
Britain 1,506.613, to France 405,400, to the
continent 1,438,699.
New Orleans Cotton Market.
New Orleans, December 30.—Spot cotton
was fairly active and firmer, influenced
by the further improvement In Liverpool,
which stimulated buyers somewhat and
caused factorage element to stand for still
higher prices. However, yesterday’s prices
were considered the limit, and only upon
terms embracing board figures were buy
ers willing to trade. Sales 60,500 bales, in
cluding 1850 to arrive. Quotations 1-16
higher on ail grades.
The market for contracts also reflect
ed the sharp advance on the other side
which resulted In opening gains of 1 to 3
points. Stimulated further by the condi
tions in New York, active buying ensued
which carried prices up 5 to 7 points on
all positions. Then came a rush of profit
taking selling orders,' which caused a
decline of 5 to 6 points. Thereafter prices
backed and filled. At the close prices
showed net losses of 1 to 3 points.
New Orleans, December 30.—Cotton
firm; sales 6500, ordinary 615-16. good or
dinary 7 7-16, low middling 7%. middling
8%, good middling 813-16, middling fair
9V4, receipts 19,268, stock 411,471.
New Orleans, December 30.—Cotton fu
tures steady; December 8.30, nominal;
January 8.29®8.30, February 8.38 bid,
March 8.43@8.44, April 8.47#8.48. May 8.52#
8.53, June 8.65#8.57, July 8.58@8.59, August
8.31 bid.
Daily Statement.
Galveston, December 30—Firm; mid
dling, 8%c; gales, 2367; receipts, 19,715;
stock, 208,216.
Mobile, December 30.—Firm; middling,
8 8-16c; gales,. 1500; receipts, 2181; stock,
32,629.
Savannah, December 30.—Firm; mid
dling, 8!4c; sales, 1388; receipts, 7451; stock
174,093.
Charleston, December 30.—Firm; mid
dling 8Hc; receipts, 352; stock, 29,787.
Wilmington, December 30.—Firm; mid
dling, 81tc; receipts, 1401; stock, 11,476.
Norfolk, December 30.—Steady; mid
dling, 7 l-16c; sales, 1466; receipts, 2921;
stock. 50.004.
Baltimore, December 30.—Nominal; mid
dling, 8%c; receipts, 317; stock, 12,878.
Boston, December 30.—Quiet; middling,
8.85c; receipts, net, 221; gross, 6241.
Philadelphia, December 30.—Steady;
middling, 9.15c; receipts, 106; stock, 7014.
St. Louis, December 30.—Firm; middling
8%c; sales 147; receipts, 7040; stock, 27,517.
Memphis, December 30.—Steady; mid
dling, 8 5-16c; receipts, 3111; shipments,
5900; sales, 4650; stock, 92,177.
Liverpool Market.
Liverpool, December 30.—Cotton—Spot,
mod r. ite business done. Prices 2@4 points
higher. American middling fair, 6.24;
good middling, 4.78; middling, 4.62; low
middling, 4.60; good ordinary, 4.38; ordi
nary, 4.26.
The sales of the day were 7000 bales, of
which 600 were for speculation and ex
port and Included 5900 American.
Receipts, 49,000 bales, Including 41,800
American.
Futures opened firm closing firm; Amer
ican middling, grade of clause: Decem
ber, 4.62; December-January, 4.6104.62;
January-February. February-March and
March-Aprll, 4.61; April-May, 4.6104.62;
May-June, June-July, July-August, 4.62;
August-September, 4.56.
Dry Good*.
New York, December 30.—There has
has been no change from previous quiet
conditions at first hand so far as home
buying goes and the market throughout
has been without feature; print cloths are
firm with good demand for narrow odds.
Good orders' come forward again today
for heavy brown cottons for export.
Murphy 6. Co.’a Cotton Letter.
New York, Dec-mber 30.—The upward
trend In cotton was further accelerated
this morning. The air was full of bull
talk and a radical change In sentiment
seemed to be going on In quarters where
least expected. People a few weeks ago
who were sure of a bumper crop now
fail to see a remarkable yield, while
those who looked for considerably over
eleven million, privately admit they see
no likelihood of much more than last
year, when we study the movement to
date and the significant fact that outside
of a few local bears, there arct few peo
ple, if any, who are even indulging in
prophesy of an increased January move
ment Private cables Indicate uneasiness
abroad in English and continental spin
ning circles, while New England mills are
believed to be fast reaching the point
where reduced supplies will compel ac
tive buying of raw material. Big issues
of January notices 3 ad a temporary de
pressing effect on the early market but
this soon gave way to a more confident
feeling and good buying followed- Longs
in January who were short of March
covered liberally of the latter. Port re
ceipts, 5G.OOO against 60,000 last year.
Cotton Letter,
Gilbert & Clay’s letter to Cothran & Co.
New Orleans, December 30.—Liverpool
pursued the upward course today in a
very determined fashion, and explana
tions of the occurrence were readily
found in good reports from Manchester
concerning business amonfc spinners and
firm market in India and China. Spots
gained 4 points, with sales of 7000 bags,
"but deliveries doubled the course and ad
vanced 8 points. There was ample evi
dence here of the good feeling existing
toward cotton and a large additional ad
vance was established in the early trad
ing. Satisfied longs, however, accepted
profits in a moderate way, and besides,
the approaching ginners’ report of the
census bureau to be published on the 5th
proximo, wdth the uncertainty of its ef
fect on prices, rather suggested evening
up accounts for the time being. In this
process a slight recession occurred, but
the tone held steady. Closing prices were
1 to 3 points lower than yesterday.
The trade seems to be occupied now in
attempting to ascertain how much the
kcrop is likely to fall short of current high
estimates, but this is not saying that
there are none left who still believe that
there are chances of an immense yield.
However, the weight of qpinion is In the
opposite direction, and it is incumbent
upon the subsequent movement of cotton
to substantiate the large calculations.
Otherwise, in the face of improved con
ditions in the principal channels of the
trade, it will be a difficult matter to pre
vent the establishment of a decidedly !
higher level of prices later on.
New York Cotton Futures.
Open. High. Low. Close.
January ..S.lil 8.75 8.60 8.66
February . 8.50 8.55 8.47 8.49
March . 8.56 8.50 8.49 S.53
April . 8.55 8.67 8.55 8.53
May . 8.52 8.59 8.49 8.51
June . 8.54 8.54 8.54 8.51
July . 8.64 8.58 8.4S 8.51
August . 8.36 8.38 8.30 8.32
September . 8.08 8.08 8.08 8.07
December . 8.60 8.69 8.60 S.G4
Agricultural Returns.
Washington. December 30.—Final re
turns to the statistician of the depart
ment of agriculture from regular and
special correspondents, supplemented by
reports of special field agents, show the
acreage, production and value of the
principal farm crops of the United States
In 1902 to have been as follows;
Farm Value
Crops. Aches. Production. Dec. ’92.
Corn .91,043.010 2,523,048,312 $1,017,017,349
Winter
wheat ..28,581,426 411,788,666 206,727,475
Spring
wheat ..17,620,998 258.274,342 155,496,0-12
Oats.28.653,144 987,842,712 303,584,862
Barley .... 4.661,0(3 134,954,0^3 61,898,634
Rye .3.97S.548 33,630,592 17.0S0.793
Tobacco... 1,030,734 821,823,963 80,472,506
Naval Stores.
Savannah, Ga„ December 30.—Turpen
tine firm, 5284c. Receipts, 846; sales, 789;
exports, 140.
Rosin firm; receipts, 2174; sales, 2689; ex
ports, 2576.
Charleston. S. C„ December 30.—Turpen
tine and rosin unchanged.
Wilmington, N. C., December 30.—Tur
pentine firm, 52c; receipts, 31 casks. Rosin
firm, $1.35^)1.40; receipts, $2.10. Crude tur
pentine firm. $1.76®3.00; receipts, 15. Tar
firm, $160; receipts. 156.
New Orleans, December 30/-Receipts
rosin, 185; turpentine, 105. Exports Hava
na, rosin, 75.
Cotton Seed Oil.
Memphis, December 30.—Cotton seed oil,
carload lots, per gallon, prime crude, 35c;
oft crude nominal; prime summer yellow,
38c; off summer yellow nominal; choice
cooking summer yellow, less than carload
lots, nominal. Cotton seed meal, prime,
$21.50. Cotton seed cake, $22.00.
New Orleans. December 30.—Cotton seed
oil, prime refined, In barrels, 37c; off re
fined. in barrels, 5384c; prime crude, loose,
32c.
New York, December 30.—Cotton seed
oil quiet; yellow, 3884@39e.
LOCAL MARKETS,
The local cotton market advanced one
sixteenth yesterday. The wagon receipts
were light, being only twenty bales.
There were several advances in the
stock and bond market, which were as
follows: Bessemer Land and Improvement
company from 20-32 to 30-32; Republic
Steel and Iron company, common, from
17-19 to 19-20; Sloss-Sheffield, preferred,
from 87-92 to 89-92.
Owing to cold weather for the last few
days there has been very little country
produce coming In, and consequently the
produce market has not been very active.
There are practically no turkeys on the
market. Eggs, too, aro scarce, and are
bringing 26c a dozen.
Game Is plentiful. Rabbits and squirrels
are selling from $1 to $1.25 per dozen,
while quails are bringing from $1.50 to $2.
Oranges are scarce and sell for $3.25
a nox.
Cabbage Is plentiful at 184c a pound.
Local Cotton Market
(Corrected Dally by W. O. Nesbitt. Man
ager for Inman 4 Co.)
Good middling.8 3-16
Strict middling .8 1-16
Middling .8
Strict low middling .7%
Low middling .7W
Local Iron Market.
IF .$24@25
2F . 23024
3F . 2?@23
.. 20021
Grey forgo . 18020
IS . 24025
2S . 23024
Mottled . 17013
Local Stocks and Bond*.
Corrected Dally by Caldwell 4 Ward.
Bankera. 2015 Flrmt jLwenot. Tels
phone 76*. (See Card.)
Bid Asked
Ala. State bonds class A.106 109
Ala. State bonds class B .106 109
Ala. State bonds, class (*.101 104
Alabama State bonds, funded..110 112
Ala. Con. Coal and Iron Co. com 37 40
A'.a. Con. Coal and Iron Co., pfd 88 90
Ala. Con. Coal & Iron Co. bds.100 106
Ala. National Bank.115 120
Ala. Bteel A Ship Bid. Co., pfd. 75 *7
Ala. Steel & Ship Bid. Co. bds.. 94 98
Ala. Trust and Savings Co_115
Avondale Cotton Mills .85 93
Avondale Land Co. 75
Auditorium . 40 60
Bessemer L. and I. Co. 30 32
Blrm. Ice Factory Co.*5 100
Blrm. Realty Co., com. 85
Blrm. Realty Co., mort. bonds. 93 97
Blrm. Realty Co. prior liens... 97 100
Blrm. Ry.. Lt. & -?. Co., com.. 94 97
Blrm. Ry., Lt. & P. Co., pfd....Ill 117
Blrm. Ry.. Lt 4 P. Co., ponds..103 104
Blrm. By. and Elec Co. bonds.106 108
Blrm Savings Bank . 100
Blrm. Trust and Savings Co.. 175
Blrm. Water Works Qo. bonds.UO 11*
Dlmmlck Pipe Co. coin. 175
East Lake Land Co . 30 60
Ensley Co......soil kin
Ensley Land Co., new.120 140
Ensley Land Co. old .. 5 J
First National Bank.290 StO
Hotel Hillman . Oil
Georgia Ry. & Elec., com.. 37 4)
Jefferson County Bond*—
4s .OS 101
6s .108 110
68 .115 120
JefferBon County Savings Bank.110 120
Martin Cracker Company .103 US
North Birmingham Land Co..,, 29 32
People's Sav. Bank & Trust Co.110 115
Republic Steel & iron Co., com. 19 20
Southern Club 6s. 75 SO
Sloss I. & S. Co. 1st mort. bds...l09 112
Sloss L and S. C- gen mtg bds. 8e 87
Sloss-SbefTield. common . 66 54
Sloss-Sheffield, preferred . 89 92
T C. L gen. mtg. bonds .»0 96
T. C. I., Tenn. Dlv. bonds .107 109
T. C. 1, Birm. dlv. bonds.110 112
T. C. I. Cahaba dlv. bonds.103 107
T. C. I. Debardeleben dlv. bds.,100 104
Williamson Iron Co. bonds ...... 80
Birmingham City Bonds.
Birmingham city bonds can be bought
on about a 5 per cent basis.
Fruit and Proeuee.
(Corrected dally by P. Giacopazzl. Nos.
2020-2022 Morris Avenue.)
Poultry—Best friers, extra large, 35c;
Alabama, 18@26e; medium. 12#16c; broil
ers, 10©12c: hens, 331-3©35c; Pekin ducks,
40# 55c; puddle ducks. Z0#25c: turkeys,
dressed, 17@20c; turkeys, live, 14$4@16c.
Butter—Best Elgin, 23e; Mississippi,
best grade, 20c; Mississippi, second grade,
23c; good country, 15® 25c, cooking. 12*4o.
Eggs—Per dozen, 25#20c.
Game—Rabbits, $1(01.25 per dozen; squir
rels, $1(0:1.25 per dozen; qall, $1.75@2 per
dozen.
Oranges—Florida, per box, $2.76@3.
Limes—Per 100, U-00.
Lemons—500-slze, per box, $1.60; EPO-slzc,
per box, $4.50.
Peanuts—Fancy, per nound. 5®5'4e.
Chestnuts—Italian, per nound. 9c.
Brazil Nuts—Per pound, 1214c,
' Pecans—Per pound. 10c.
Almonds—Per pounu, 13o.
English Walnuts—Per 100, 13c.
Grapes—Malaga, neavy weights, per
keg, $6 60; light weights, per keg, $5 50.
Cocoanuts—Fresh, per 100, $3.25@3.50.
Celery—Per bunch, 50c.
Cranberries—Per box. $3.00.
Bananas — 1‘tr bunch, culls, 50®76c;
straights, $!.23@1.60.
Apples—Fancy King, per ban el, $4.00;
Ben Davis, fancy, $3.00; Bin Davis,
choice, $2.26#2.50.
Pears—Domestic, per barrel, $1.00.
Dried Apples—California evaporated,
9c; sun dried, Cc.
Irish Potatoes—Per bushel, 75@80c.
Sweet Fotatoes—Per bushel, 90c#$1.00.
Cabbage—Virginia, per 100. 30c; north
ern, 90c.
Onions - Per pound, 2c.
Turnips—Rutabagas, per bushel, 60c.
Peas—Black-eyed, per bushel, $2.40.
Beans—Per bushel. $1.75.
Lima Beans—Per pound, 6$*c.
Navy Beans—Per pound. 4c.
Raisins—Per box, $1.70.
Garlic—Per pound, 10c.
Clive Oil—Per gallon, $2.00#2.25.
Spaghetti—Imported, per box, $2.00; do
mestic. $1.25.
Macaroni—Imported, per box, $2.00; do
mestic, $1.25.
Consari a—Per dozen. 75e.
Roman Cheese—Per pound, 30c.
Local Staple Groceries.
/ rplcn—Western evaporated, ?H®SV4c.
Flour—Tennettee patent, $3.75, half
patent, $3.45.
Sugar—Granulated. B’4c; Y. > ., 4Hc.
Coffee — Gr»en, 81f,®ll’4o: Arbuckle's
packages, $10.30; Lion packages. $9.30;
Cordova packages, $9.80; Porto Rico,
$10 30; green coffee. 7',<@9c.
Meats—Dry salted ribs. llh£c; clear bil
lies, 13%c; dry salted rib bellies, 12Vtc;
hsms, fancy, l"%c; medium, 13c; Cali
fornia. 10c: breakfast bacon, 14o.
Cheese—New York full cream. 14®l4$4e.
Lard—Leaf, 1114c.
Compound Lard—Sncw drift, 8$4c.
Molasses — Centrifugal, 13@S5c; sugar
house, 20@35c; Georgia cane. 3Go.
Corn—Mixed, 50c; white, 82c.
Meal—Pearl. $1.10; water ground. $1.10.
Hay—Per ton. choice timothy, $18; No.
1, $16.50; clover, mixed. $16; prairie, $13;
Johnson grass. $12.50@14.50.
Oats—Mixed, 41c; white, 44c.
Cotton Seed Meal—Per ten, $24,50.
Bran—Mixed. $17; pure wheat. $16.
Beans—Navy. $2.5002.75 per bushel;
Lime. 6@6>4c per pound.
Established March 12, 1900.
SMITH, MAY COMPANY,
Correspondents of
ODELL CO*}MIS3IO ' CO. 0 CINCINNATI, 0.
Rooms Nos. 1 and 2 Eiyton building, up
stairs—Corner 20th st. and Morris ave.
Stocks, Cotton, Grain,Provisions
Quickest Service in the So iVi.
WE INVITE COMPARISON.
PROMPT AND CAREFUL ATTEN
TION GIVEN TO ORDERS OVER TEL
EPHONE O-l BY TELEGRAPH. 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.
— USE •—
in ess i s
MONEY ORDERS
lor all your Small Remittances, by mail or
otherwise.
Sold on all points in the United States,
Canada, and on Havana, Cuba.
CHEAP AND CONVENIENT.
NO APPLICATION REQUIRED.
A receipt is given and money will he re
funded if order is loBt.
Bold at all agencies of the Southern Ex
press Company at all reasonable hours.
RATES ARE AS FOLLOWS l
CSNTS TINTS
KotoverS 2.BO... 8 | Not over $102.BO...83
“ 5.00... 6 “ 105.00 .36
“ 10.00... 8 “ 110.00...88
“ 20.00... 10 “ 120.00...40
“ 80.00...12 “ 180.00...43
« 40.00..15 “ 140.00...45
“ 60.00...18 “ 160.00...48
“ 60.00... 20 “ 160.00..50
«* 76*00...26 “ 176.00...56
“ 100.00...30 M 200.00.60
i — I
SHIP YOUR GOODS
■ Y THE
SOUTHERN EXPRESS COMPANY
which operates on 117,000 miles of first-class
railroads, with connections with other com
panies, to all points accessible by express.
’take
When some to Ssbm and the Wees
Write C. H. Morgan, traveling passen
ger agent. Birmingham, Aia.. for full In
lortnatlon os to rates, sc'.edules. eta.
B. f. TUHNBB, U. J*. A, Dallas, ftt
BUSINESS MEN HAWTONFl!^p!E
In the young man who has sufficient faith In himself to take out life 1®*
surance. It bespeaks a desire to succeed and a belief in his own power
to win success. His choice of a company reflects his Judgment, and suc
cessful men take this into consideration. The young man insures In the larg
est life Insurance company In the world when he takes a policy In
The Mutual Life Insurance Company of New York
RICHARD A. McCURDY, President.
which has paid policy-holders more than any company In existence.
$569,159,480.34
and has the largest assets,
$352,838,971.67
1 JAMES S. WILLCOX, Manager,
MONTGOM ERY, ALA.
G. H. ESTES, District Manager, BIRMINGHAM, ALA.
J. B. COBBS, President
H. H, Mayberry, Vice President. W. A. PORTER, Cashier,
8. MeGAUGHY, Aset. Cashier. C. M, WILLIAMSON, Asat. Caahjar.
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, firms, corporations and banka solicited, '
Three per cent interest allowed on savings deposits.
BY A DEPOSIT OF FIVE DOLLARS YOU CAN START
A SAVINGS ACCOUNT WITH THE
BIRMINGHAM TRUST AND SAVINGS GO.
THE LARGEST AND STRONGEST SAVINGS BANK IN
THE SOUTH.
Capital .. .1600,000.00
Surplus . 125,000.00
ARTHUR W. SMITH .President
TOM O. SMITH......Cashier
W. H. MANLY......Assistant Cashier
READ CLASSIFIED ADS ON SIXTH PAGE
Southern Railwav Co.
8chedu!s In Effect November 2, 1902i
Trains leave Birmingham as follows:
6:10 a, m.—No. 88. for Atlanta. Wash
ington, Baltimore. Philadel
phia, New York and the _.ist.
Pullman Drawing Room
Slseplng Car. Birmingham to
Now York.
6:20 a. m.— No. 19 for Montevallo, Ma
pleavllls. Selma and way sta
tions.
12:28 p. m.—No. So for Columbus, West
Point, Winona, Greenwood
and Greenville; alec Sheffield
and Florence and North Ala
bama points.
8:68 p. m.—No. 22 for Annlaton and way
stations: also Talladega.
4:10 p. m.—No. 80 for Atlanta, Jackson
ville and all Florida points;
also Charlotte, Richmond,
Washington, New York and
the East. Pullman Sleeping
Car Birmingham to Jackson
ville; also Birmingham to
1 rUchmr.r.d, \'v
4:80 p. m.—No. 18 for Elossburg and
way stations.
jg:ZU p, -i>0. 04 iur LUlumuua,
Point. Winona, Greenwood
and Greenville. Pull-an
Drawing Room Sleeping Car
Birmingham to Greenvthe.
10:20 p. m.—No. 21 for Selma, Mohlle and
war stations. Pullman draw
ing Room Sleeping CnK Bir
mingham to Mobile. \
11:80 p. m.—No. 98—New train—for Atlan
ta, Anniston and way st^
tlons. Pullman Drawing)
Room Sleeping Car Birming
ham to Atlanta. Sleeping ear
can be occupied at Union sta
tion 9:80 p. m.
For detailed Information and Bleeping
ear reservations apply passenger office,
Morris Hotel building. Telephone 817.
J. C LUSK. Diet. Pass. Agent
- No. *. No. A
Dally. Pally.
Lv Birmingham . 7:10 am 4:00 pm
Ar Chlldersburg. am pm
Ar Bylacauga . »=W am 5:80 pm
XrTalTaSefft .pnl ...
rrS-oo^Stw . P™
"HH.r..=S8=53S
*£4nr^7V-" '.’.’.'.'j iK^TgSpw
Ar f,or* . 4:45 pm 12i«0 am
Ar A”®r,0U*. ........ 10:0# pm 5:55 am
ArV AmcrVeui. Via »«*,lMam
Xr /Liowy *••••••• —
i
A --
arrival*.
, trom Maoon. Albany. Columbua
*** 1 Amerlcus. eto.. 1:45 p. m.
T Tfrom Savannah. Augusta. Maoon.
N°- 9 *■ j2:20 p. m.
C?cie*ant' through sleepers between Blr
F^Stm Columbus. Maoon and Savan
m’cB Woe. > and A
"‘J1 °“-tion to made at Savannah with
C0?r.r° freight and luxurloue passenger
^e £a« t th, savannah Line from
st0.aT« New York. Boeton and the East,
a®* 5°more detailed Information. beauU
, „° inu«trated matter, write or apply to
onLON JACOBS. Commercial Agent,
HAMM BIT. Traveling Passenger
w' went, 1921 First Avenue.
Tsntf W JOHNSON,Union Ticket Agent,
^Birmingham, Ala.
r o HAILE. General Passenger Agent
„ j ROBINSON. Asst Osn. Pass. Agsnt
„ V WIN BURN, Vies President and
TrafSo Manager. Savannah. Og.
. ARROLLTON short line rail
WAY COMPANY,
To Carrollton and Stansel, Ala., vis
Reform, Ala.
No. 2. Nft L
11:00 am Leave Carrollton...Arrive 4:06 pm
11:20 am Leave Stansel.Arrive 2:45 pm
11:40 am Arrive Reform.Leave 3:25 pm
JOHN T. COCHRANB.
Pres, and Gen'l Manager,
Carrollton. Ala.
Line and half tone cuts. Age-Herald
Engraving Company. f
RAILWAY SCHEDULES
In Effect October 13. 1901
Arrival and departure of all tralna at
Union Passenger Station. Birm' ighara.
Ala.
L. A N.—North.
t Arrive. | Depart.
•No. 3, Fast Mall, N. O..|12:0B pm|12:30 par
•No. 4. Fast Mail. N. 0..| »:04 pm| 9:12 pm
!No. A Decatur Acoom..|......| 3:11 pm
INo. 10. M'.ntg'm ac'm..| 6:55 pm|..
BOutil,
I Arr've. I Depart.
•No. 1, Fast Mall, Cln,...( liHsml 4:33 am
No, T, Decatur Aanom., 10:00 atn ...
•No, 8, Fast Mall, Ctn„, 5:30 pm 5:45 pm
No, 8, to Montgomery,., .......... 8:15 am
BIRMINGHAM MINERAI_North.
... .. _ I Arrive,
'No, «a, Fast Mall, Blooton .|10:45 am
•No, 43, Fast Mall, Blooton.[ 7:05 pra
INO, 45, Altoona Acoom .I 9:55 am
tNo. 103, Bloeton Aoeom ..| 7:15 pm
Bouth.
... „ _ I Depart.
11' to "'""ton .| am
J"' <*■ to_ Blooton . I'M pm
t* Altoona Aenotn .I 9:55 pm
INo, 101, Blooton Aoeom .| 6:80 am
A, Q. a.—North.
... . _ ] Arrlre.irv.nsrt,
5' r?,t.Mua ©"I 9:43 am
‘No. i Pan-Am, Sper<a1,.| <:4B pm| «:B0 pra
•No. a. Meridian Aoeom.,|1J:» pm| 4:49 pm
couth. - ■ • -<•
„ _ I Antra l Depart
1. frn"» Cincinnati,„|l0;ffll pm!lB:10 pnf
fft>A 5. Pan-Am, Special,,! 0:BR am|10:00 am
•No. Chattan'aro Ae,m..ftS:45 oral 4:30 pra
—__
80. R. R;— North, Eaet South. Watt
\ f Arrlv#,
*Vo: IS, frora'i Rlosabusa, Aa'ra,,,, 8:14 sip
•Vo. SO, from Frlma . .. 0:00 pra
•N« 31, from Anniston . 9:03 am
K' t”"1 WRahlnatnn .,,. llill ana
rifo. M from MI-AtostppI ,,,,,,,,,, 4|00nni
•Mo. or from Woshiniftfra .. tioo pm
S’ SrOTT’ mibbIbMmI ,,,.. 9:io am
•No. £1 from Mobile fcnd ielmp,, Bi40 am
\
I Vo. 1\ to Bloonbpra, It seem,,, tiROpna
*Vq. 19, to Selma ,,,„,,,Lrt9:30 am
...I0 Anniston I,,,,,,,, 4:30 pm
.5° Ml.a.»slppj 13-38 pen
to lllflpifi
•Vo. W. to Mississippi 1B:M pn»
•No. 33. to Washington .....I B ee am
•No. 91. to Mobile '„.,„\ll#:38 pm
fVR; W to Atlanta ........^nwjjio pra
(FRI8C0 8V8TEM7
K. G, M, A B.—East
IVp. S«s, Southeastern f,lm|tsd...| VSeVra
•Vo: 308. New York Expect ! 6:M urn
No. 209, Winfield Aoeom Il0:09 am
Fast Ulna to Kansas Cfty,
W*rt, i
(Depart
•Np. 809. Southeastern United... 112:80 pm
•No: 404. Vow York Express .110:80 ora
No. 8|S. Winfield Aerom 4:0a pp)
CENTRA!. OP GEORGIA—East,
(Depart,
7:10 *0|
4.a# pm
Weil,
I Arrive,
•No, I, fr«m Maeon .I 9:45 pm
♦Ho, 9, from Savannah ,„,,,,,,,,|J8i20 pas
Trains marked thus * run dally, Thu# j
daily esccDt Sunday,
Atlantic Coast Line R. R. Co,
No. 78 Ng. 59
l*i, B'hara (L, A N.|..., 8:55 pm
Lv, Montgomery 6:80 ang 7:45 pm
Ar, Troy 8:68 am 8:25 pm
Ar, Orarh Pint »:»am 10:55 pm
Ar, pothan .10:42 am 18:81 pm
Ar, Thomasvtlle ,,,,,,,,, 1:46 piq 8:15 am
Ar, \Vaycroas 6:25 Pm 6:15 «m
Ar, Jacksonville ?:55 pm 8:«5gm
Ar, Tampa f:18 am lO.-OQ p<q
Ar, Savannah 8:4* pro 8:35 am
Ar, Charleston 6:49 am 6:25 pm
ThroPB'u Pullman sleeper Birmingham
to St- Petersburg, Fla., Vl* Jacksonville.
J, A, Taylor, T, P. A., Montgomery,
Al«
W, H, Leahy, P, p. A., Sgvannab. pg.
W, J- Craig, CL B. A., Wilmington,
N. O.
BIRMINGHAM AND ATLANTIC R, R
Schedule Effective November 8, 1808.
Read Down. Read Up.
No. 1. No 8. No. 2. No.4
a.m. p.m. a,m. p.m.
7:25 4:00 Lv Talladega.. ..A r 10:20 641
S:35 5:00 Ar.Pell City....Lv. g60 6:31
8:58 10:00 Ar..Birmingham..Lv. fi.OO 3:41
TrainB run dally. Quickest route be
ts- een Talladega, Birmingham and west
ern points.
Ship your freight via Birmingham and
Atlantic railroad.
J. F. FLBJETWOOp, O. F. & P. A.
John C. Soley. General ^Alanuaer,