The Birmingham age-herald. [volume], May 27, 1903, Page 9, Image 9

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

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PRESSURE RELAXES
TO SELL STOCKS
Opening Trade Disclosed Some
Good Buying Orders
TO FRANCE $900,000 GOLD
Prices Were Sustained With Deter
mination—Ons of the Numerous
Rallies Set In at the End
and Prices Were Firm.
New York. May 26.—The conspicuous
factors In the stock market were the re
laxation In the pressure of the urgent and
forced liquidation which has kept the
market unsettled for some time, and the
extreme caution of the buying at the
higher level of prices which was main
tained today. The general level of the
market was above last night all day, but
prices wavered and fluctuated constantly
throughout the session. About 2 o’clock
prices were generally at the lowest and
In the neighborhood of last night’s level,
but one of the numerous rallies set in
during the last hour, and the closing was
Arm at higher prices than at any pre
vious time during the day. The opening
dealings disclosed good buying orders dis
tributed among the great speculative rail
road stocks, tbe movements in which had
the largest sympathetic effect on the
general market. These are precisely the
stocks which have suffered most severely
in the recent liquidation. The evidence
that they were supported had an impor
tant re-assuring effect on tne situation
In the stock market, which had become
somewhat alatming as the result of yes
terday's events. Developments In finan
cial and business affairs were without ef
fect on the market, and the attention of
operators In stocks was devoted almost
exclusively to attempts to solve the mys
tery of the source of the stream of liqui
dation. Pure surmise and Irresponsible
gossip played an Important part In this,
but the conclusion has been quite gener
ally arrived at that the recent selling has
come from Important and wealthy Inter
ests, and that the selling was prompted
by some special financial needs of the
holders, rather than conditions affecting
the stocks sold. It is a matter of public
knowledge that very large accumulations
of railroad Btocks have been made dur
ing the late period of rumors of exten
sive consolidations. Part of this accumu
lation was made in the direct effort to
secure control of various railroads, and
part of It was made by wealthy follow
ers who were Informed of the prospects
under way for a profitable turn In the
market. The great check to the wholesale
consolidation process came by the North
ern Securities decision and in increas
ing degree from the Impossibility of meet
ing newly manufactured securities.
The consequence has unciouDteuiy Deen
the abandonment of many consolidation
projects and the tie-up of very large
holdings In the hands of projectors and
their speculative friends and followers.
Among these are many Individuals who
came Into enormous fortunes as the re
sult of the early period of Industrial
combinations, especially the formation of
the United States Steel corporation. With
the ample resources In their hands they
seem to have been slow to part with
their securities at a sacrifice, while also,
according to the current surmise in Wall
street, over-extending themselves in new
financial and business projects which
never reached the stage of flotation.
The conviction is growing in Wall
street that the prolonged liquidation of
standard stocks Is from such sources as
are thus indicated and are for the pur
pose of protection of such outside enter
prises. While this Is held to account for
the special pressure to sell, the fact re
mains that the exceedingly scanty buying
in them, which makes the selling effec
tive in breaking prices, Is due to distrust
of the general business and industrial
outlook. The behavior of today's stock
suggested that the potential buyers of
stocks were suspicious that the liquida
tion was not yet entirely completed.
There was abundant evidence of Its oc
casional renewal today, but it was well
absorbed and prteeB were sustained with
determination. The engagement of $900,
000 In gold for export to France was of
only momentary effect. The threatening
aspect of the freight handlers' dispute in
Chicago seemed to be offset by the better
outlook in the local building trades. An
announcement that the underwriting of
the Pennsylvania new stock had been
over-subscribed was a strengthening In
fluence.
The bond market was Irregular. Total
sales, par value, $2,230,000. United States
bonds were all unchanged on the last
call.
New York Stocks.
Open. High.Low C71 os,
Atchison .73% 75% 73% 75%
Atchison pfd .95% 95% 95% 95%
Amer. Sugar Refining.123% 124% 123% 124%
Brook Rapid Transit. 60% 61% 60% 61%
Chesapeake and Ohio. 39% 40% 39% 40%
Copper .61% 62% 60% 62%
Colorado Fuel .67% 67 67% 69
Erie .34% 34% 33% 34%
LiOUlsv. and Nashv....U3 113% 113 113%
Manhattan L .138 138 137% 137%
Missouri Pacific .104 106% 104 106
M., K. and T. pfd.53% 54% 63% 54
Norfolk and Western. 67% 69 67% 69
New York Central .. .126% 127% 126% 127%
Pennsylvania .126% 127% 126% 127%
People’s Gas .100 101 99% 101
Republic Steel .15% 15% 15% 15%
Repuhllc Steel pfd ... 75 75 75 75
Reading .48% 49% 48% 49%
Southern Pacific .50% 51% 50% 51%
Southern Ry .26% 27% 26% 27%
Southern Ry pfd .90% 90% 9n 96%
St, Paul .148% 150% 148% 150%
Texas and Pacific .... 30% 31% 30% 81%
Tenn. Coal and Iron. 54% 56 54%. 56
U. S. Steel .*..80% 31% 30% 81%
U. S. Steel pfd .80% 81% 80% 81%
Union Pacific .84% 85% 84% 85%
U. S. Leather .12% 13 12% 127%
Wabash pfd .44% 45% 44% 43%
Western Union .82% 82% 82% 82%
Baltimore and Ohio.. 87% 89 87% 89
Rock Island .... 37% 38% 36% 37%
Bonds.
United States refunding 2s, reg.105%
United States refunding 2s, coupon..105%
United States Ss, registered .107%
United States 3s, coupon ..107%
United States new 4s, registered_130%
United States new 4s, coupon.135%
United States old 4s, registered .110%
United States old 4s, coupon . 110%
United States 5s, registered.!!!!.!l02%
COTHRAN & GO.
(INKERS . IND . BROKERS
GROUND FLOOR, WOODWARD
BUILDING.
Member* New York Cotton Exchange,
New Orlean* Cotton Exchange,
Chicago Board of Trade.
Cetton, Otocks, Grain and Provisions.
DIRECT PRIVATE WIRES
—to—
New York, New Orleans and Chicago.
{.8, BAXTER & CO., INC.
Successors to MURPHY A CO.
ALABAMA NATIONAL BANK B’LD’G
■ rivats Leased ^Irw LHrect to Met
York. Mew Orleans and Cbtear a.
COTTON. STOCKS <S> GRAIN.
t>EV YORK OFFICE—KO. 61 BROADWAY.
, nice, la principal cltfe. laioutfao'it ta.
■noth.
Writ# for our Mark.t Manual anft hook
containing Instruction, far trad#r*.
Phono No. Sft.
A SK us anything you wish to know
concerning desirable investments and
we shall be glad to giye you any infor
mation within our power.
CALDWELL & WARD.
OTTO MARX & CO, ’
BANKERS AND BROKERS.
Mortgage Loan at 5 and 8 Per Cent
Rooms 211-212 Aiooaward Building.
WHITE COMMISSION CO.
Successors to
SMITH-MAY CO 1PANY,
BROKERS,
Alabama National Bank Building.
Birmingham, Ala.
STOCKS, COTTON, GRAIN
Quickest service in the south. Prompt i
and careful attention given to orders for
delivery or on moderate margins. Out-of
town accounts solicited. Market letter
mailed on application. Phone 847.
Correspondents:
THE 0*3 ILL COMMISSION 09
Incorporated Capita! $200,000.00.
CINCINNATI. OHIO.
Largest Brokerage House In the World. 1
L----- I
United States 5s, coupon .102%
Southern Railway 5s.106%
Wisconsin Central 4s.91%
Mobile and Ohio ct. 4s.bid 93
Central of Georgia 2nd Inc. 32%
Money on Call.
New York, May 26.—Money on call was
easy at 2(^2%; closing offered at 2 per
cent; time money nominal; sixty and
ninety days 3%$4 per cent; six months
4%^4%. Prime mercantile paper 4%<ff5%;
sterling exchange strong at 488.15 for de
mand and at 485.05 for sixty days; posted
rates 48o%<&488%(&489; commercial bills
484%. Bar silver 6374- Mexican dollars 42%.
Government bonds steady; railroad bonds
Irregular.
Treasury Statement.
Washington, May 26.—Today’s treasury
balances, exclusive of the gold reserve,
show: Available cash balances 5222,920,913,
gold 5105,957,479.
deari-oa and Exchange?
Memphis. Mny 26.—Clearings $485,876,
balances $171,972.
New Orleans, May 26.—Clearings $2,
954,352 New York exchange bank $1 per
$1000 premium; commercial paper 60c per
$1000 discount.
Seaboard Air Lina.
Baltimore, May 26.—Seaboard Air Line,
common, 24%@24%, preferred 41%@42; 4s,
81%@81%.
VlrriHlr-Carollna Co.
New York, May 26.—Virginia-Carolina '
Chemical company, common, 57%; pre
ferred, 121.
Chicago ’Change.
Chicago, May 36.—Wheat ruled firm af- 1
ter a small decline early and the close
was steady at %e under yesterday. Corn
strong, with a gain of %@%c; oats fol
lowed with a gain of %c and only pro
visions showed weakness, final figures
showing a loss of 5 to 17%c.
The leading futures ranged as follows:
Wheat— Open. High. law. Close.
May. 74% 76 74% 76% 1
July. 73% 74% 73% 73%
Sep . 70% 71% 70% 70% }
Corn
May . 45% 46 45 46 |
July. 45% 45% 45 45%
Sept. 44% 45% 44% 44% i
Oats—
May. 35% 36 35% 35% 1
July. 33% 34% 33% 33%
Sep . 30% 31% 30% 31%
Mess Pork
May .18.85 18.95 18.85 18.95
July .17.50 17.50 17.40 1740
Sep .16.75 16.85 16.75 16.75
Lard
May . 8.75 8.75 8.75
July. 8.95 8.95 8.82% 8.82%
Sep . 8.95 8.97% 8.80 8.80
Short Ribs—
M^y.9.37% 9 37% 9.35 9.35
July. 9.50 9.32% 9.40 9.40
Sep .9.32% 9.32% 9.22% 9.22%
Cash quotations were as follows!
Flour—Steady.
Wheat—No. 2 Fprlng, 77©87c; No. 3, 73©
78c; No. 2 red, 74%@76e.
Corn—No. 2, 45%c; No. 2 yellow, 46%c.
Oats—No. 2, 33©33%c; No. 3 white, 84%©
86%c.
Rye—No. 2, 49%e.
Barley—Good feeding, 38©43e; fair to
choice malting, 49@53c.
Flax Seed—No. 1. $1.12; No. 1 northwest
ern, $1.17.
Timothy Seed—Prime, $3.40.
Mess Pork—Per barrel, $17.37%@17.50.
Lard—Per 100 lbs. $8.75®R.R0.
Short Rib Sides—Loose. $9.25©*.30.
Dry Salted Shoulders—Boxed, $8.10©
8.12%.
Short Clear Sides—Boxed, $9.75@9.87.
Whisky—Basis high wines, $1.30.
Clover—Contract grade. $11.50®11.75.
On the produce exchange today the
butter market was steady.
Creamry, 21c.
Dairy, 154218c.
Kggs steady. 14%c.
Cheese weak, ll%c.
"rhe Coffee Market.
New York, May 26.—Futures steady to
a decline of 5 points and ruled more than
usually active under liquidation as a re
sult of expected larger receipts. Shorts,
however, covertd freely and toward the
close the market turned a little firmer,
being finally steady, net unchanged to 5
points higher, with the gains confined to
June and September. The sales were 39,
.750 bags, Including: June 375, September
405(&410, November 420(12425, December
455® 460, March 475, April 480.
Naval Stores.
Savannah, May 26.—Turpentine steady,
51c; receipts 682, sales 274, exports 475.
Rosin firm; receipts 2263, sales 518, ex
ports 118. Quote: A. B, C, D, $165, E $1.70,
F $1.75, G $1.80 H $2.40, I $3.05. K $3.10,
M $3.20, N $3.25, WG $3.36, WW $3.65.
Charleston, May 26.—Turpentine steady,
50%c; sales none. Rosin steady; A, B, C,
$1.60, D. E $1.65, F $1.70, G $1.75, H $2.35,
I $3. K $3, M $3.10, N $3.15, WG 3.25, WW
$3.55.
Wilmington, May 26.—Spirits turpentine,
nothing doing; receipts 67 casks. Rosin
firm, 1.75: receipts 70. Crude turpentine
quiet, $2. $3.25 and $3.75; receipts 102. Tar
firm, $1.65; receipts 165.
Before buying your fans
see our stock; selling at cost.
B. K. L. & P. Co.
NEW ORLEANS AGAIN
LEO THEJDME
Cotton Market Opened Firm at
a Small Decline
BETTER LIVERPOOL CABLES
Trading, While Fairly Active, Was Not
So Spectacular as During Recent
Sessions—Sentiment Remains
Nervous and Unsettled.
New York, May 26.—The cotton market
opened firm at a decline of 2 points to
an advance of 11 points, the decline being
confined to the spot option. The advances
were due to better Liverpool cables than
expected, while the immediate climatic
conditions were favorable, and estimates
for port receipts were heavy as com
pared with last year. The market con
tinued to show an advancing tendency.
July reached 11.28, August 10.86 and Sep
tember 10.02, with the general list 10 to
12 points higher, except May, which
showed easiness under liquidation by
“tailors.” The advance was again led
by New Orleans, wliete the bull leader
was reported to be bidding 13 centB for
August, after having forced the market
up from 10.88 for that option. At the
higher levels attained here, however,
there was considerable profit-taking and
a reaction was brought about of several
points, which was Increased when the
summary of the regular weekly report of
the weather bureau was ready, showing
a slightly less unfavorable condition than
expected. When the details of this were
published, however, it was responsible for
another sharp rally, occurring mostly in
the late months, under covering and fresh
buying orders in those positions.
From 11.15, the low point for July, 10.70
for August and 9.9!] for September, the
market was forced back to about the
best point of the day, with the New Eng
land bull leader reported a heavy buy
er. particularly of the autumn months.
The close was firm at a decline of 29
points on May, which closed at 11.23 to
an advance of 6 to 13 points elsewhere.
Total sales futures were estimated at
600,000 bales.
Trading during the day, while fairly
active, was not so spectacular as during
some sessions recently, though Sentiment
remains nervous and unsettled.
Receipts at the port estimated early at
about 6000 bales, turned out considerably
less than expected, the figures being only
4711 bales against 5291 last year, and this
assisted in the late upturn. Estimates for
tomorrow s receipts at leading points
were full.
New York, May 26.—Cotton quiet, mid
dling, 11.70c: net receipts, 163; gross re
ceipts. 3839; sales, 4012; stock, 163.530; ex
ports to Great Britain, 500; exports to the
continent, 1338. >
Total today: Net receipts, 4771; exports
to Great Britain, 125; exports to the eon-,
tlnent, 3047.
Consolidated: Net receipts, 13.087; ex
ports to Great Britain, 11,216; exports to
the continent, 5089.
Total since September 1; Net receipts,
7.560,033; exports to Great Britain, 2,704,
009; exports to France, 750,862; exports to
the continent, 3,102,915; exports to Japan,
134,606.
New Orleans Cotton Market.
New Orleans, May 26.—Spot cotton was
In fair demand, but factors are offering
little at present prlees. Some of them
express the belief that cotton will go to
13 cents per pound. Favorable cables, the
rapid advance In Liverpool and the extra
ordinary upward strides in futures
strengthens the views of the holders of
spot cotton. Sales, 2125 bales, including
1125 to arrive. Quotations unchanged.
!• utures from the opening of the market
were very active and showed advances
all along the line. July wus up live
P“*"‘8' AuRust 21, September 14, October
10, November 5 and December 8. Heafls
ing sales created what offerings there
Were. 1'he market showed a great deal
or strength. It was the general expecta
tion that the weekly government report
would be decidedly bullish and as usual
traders started In to discount its effect
before the report should be read. The
report, however, was not at all sensatlon
a and Its reading cuused scarcely a rip
ple about the ring. During the day July
?°„d. “P to, Vi-60> AVS>»st 12.UO, September
10.3b, October 9.50 and December 9.33. Un
der realizing rahs, prices eased off a
few points, the list at the close showing
net gains of 6 points on July, August 14,
September 21 and 11 points on each of the
active new crop positions.
<^',ans' Ma>- 26.—Cotton futures
steady, May nominal, June nominal, July
12.45 hid, August 1L91IH11.92, September
10.34$ 10.32, October 9.506/9.51 November
9.314/9.33, December 9.814/9.32.
New Orleans, May 26-Cotton firm; sales
or?inarj' 9»-16c. Rood ordinary
10 1-16C, low middling 1018-16c. middling
11 9-16c, good middling 12c, middling fair
12 ll-16c; receipts 2203, stock 77,012.
Dally Statement.
Galveston—Steady; middling 11 7-l6c
sales 104, receipts 122... tock 30,503.
Mobile—/Nominal; middling 10?4c,receipts
98, stock 1825.
Savannah-Steady; middling 1114c, sales
12, receipts 59, stock 15,678.
Charleston-Firm; middling 11c, receipts
1, stock 2229.
Wilmington — Nominal; middling lie
stock 5614. 1
Norfolk—Steady; middling 11.36, sales
10, receipts 375, stock 5715.
Baltimore—Nominal; middling 1174c, re
ceipts 150, stock 3627.
Boston—Quiet; middling 11.90c, receipts
net 109, gross 341.
Dhlladelphia — Quiet; middling 11.95c,
stock 3095.
St. Louis—Firm; middling 1154c, receipts
1415, stock 12,352.
Memphis—Quiet; middling 1174c, receipts
519, shipments 847, sales 750, stock 11,485.
Liverpool Market.
Liverpool, May 26.—Spot cotton In lim
ited demand; prices 10 points higher;
American middling fair 6.76, good mid
dling 6.54. middling 6.38, low middling 6.18,
good ordinary 6.94, ordinary 5.74. The
sales of the day were 6000 bales, of which
500 were for speculation and export, and
Included 5400 American. Receipts 3000 hales
including 2700 American. Futures opened
and closed steady; American middling,
g.o.c.: May 6.16, May-June «.13(06.14, June
July 6.09100.10, July-August 0.05106.06, Au
gust-September 5.91K5.92, Beptember-Oc
tober 5.51©5.52, Oetober-Novemher 5.21,
November-Liooember 5.10@5.11, December
January 5.08, January-February 5.07.
Dry 'ioods.
New York, May 29.—Further advances
In brown and colored goods have been
made with factors determined to secitfe
more margin. Buying has oeen moder
ate, but sellers are not forcing business
and have little to sell.
Baxter & Co.’s Cotton Letter.
New York, May 26.—The market opened
9 to 12 points higher In a fairly good de
mand. Cables were fully up to expecta
tions and there was an absence of buyers
which was expected to become so pro
nounced as the season advanced that
prices for the new crop months are ex
pected to move up very swiftly, especially
If It should appear that the crop is not
doing so well as now appears to be the,
case. Higher prices are Inevitable when
we consider that the movement will be
on such a small scale at the tail end of
this crop. Spot stuff is hard to get and
will be harder still until new cotton begins
to move.
May weakened sharply In the first hour,
but nevertheless the general market show
ed a good deal of strength and the bull
party In New Orleans were larger buyers
of large blocks of August. Cut worms
were hurting the Texas crop and on the
whole the poor reports were largely In the
majority. This Inspired the bulls with
decided confidence. Closing cables were
steady at 4 to 10 points net advance.
Showers were indicated for most sections
of Texas. The weekly bureau report on
the whole was mixed and generally bet
ter than expected.
Cothran A Co.'s Cotton Letter.
By C. W. Lee A Co.
New York. May 20.—The feature of the
day was the comparative strength in the
new crop months and the absence of
strength In July, that Is. while July ruled
only slightly over yesterday's figures, Oc
tober sold up to 9.62 and held most of the
advance throughout the day. The week
ly report was decidedly more favorable !
than the majority hud anticipated but
the showing did not seem to bring about
as much liquidation and bear hammering
as might have been expected at the pres
ent level. Two or three very shrewd
operators sold out the fall positions not
caring to be caught long at 9V* cents a'
pound at this season of the year. There
was more or less pressure in July, part
ly as a result of the accumulation of the
cotton at this center. The bull party
in May will have considerably over 150,
000 bales to turn over on July and the
Supply of cotton in New Orleans is even
larger than this.
It means that Mr. Bro#w will have to
finance a deal Involving over 300,000 bales
of cotton, and a little figuring shows how
much money a deal of this kind will re
quire.
We would not undertake the buying
of cotton at the present time and look
for a break In prices before long.
New York Cotton Futures.
Open. High Low Close.
January. 9.44 9.47 9.44 9.49
May .11.50 11.50 11.25 11.23
June.11.23 11.23 11.23 11.23
July .11.25 11.23 11.15 11.25
August .10.86 10.36 10.70 10.81
September.10.01 10.03 9.93 9.99
October . 9.61 9.63 9.50 9.01
November. 9.60 9.50 9.45 9 50
December.9.44 9.49 9.40 9.49
The Msta1 Market.
New York. May 26.—There was a sharp
break In the London copper market to
day, prices there being marked down £1
10s for spot and £2 for futures, the for
mer closing at £60 5s 6d and the latter at
£59 10s. The local market was dull at
14.75 for lake, electrolytic and casting.
There was a decline of His for tin In
London, spot closing at £128 5s and fu
tures at £126 5s 2d. The local market was
weak at 28.12Mt0’28-27%. Lead declined Is
3d In London, closing at £11 12s Od. Lo
cally it was quiet at 43T*£. Spelter declined
2s 6d In London to £125. Locally it was
unchanged at 575. Iron closed at 52s 3d
in Glasgow and 45s 6d In Middlesboro.
In New York iron was nominal; No. 1
foundry northern 20.50021.00. No. 2 foun
dry northern 19.60020.25. No. 1 foundry
southern and No. 1 foundry southern soft
20.25020.75.
Live Stock Market.
Chlcagb, May 26.— Cattle—Receipts 3500;
market steady and lower; good to prime
steers $4.90®5.30. poor to medium $4.00®
5.90, stockers and feeders $3 00® 4.50, he It
ers $2.25®4.85. canners $1.60® 2.80, bulls
$2.25® 4.25, calves $$.60®6.85, Texas fed
steers 4.00(04.(30.
Hogs—Receipts 17.000; mixed and butch
ers' $6.70®6.10, good to choice heavy
$6.10®6.40. light $5.48(05.85, bulk of sales
at $5.80®ti. 10.
Sheep-Receipts 6000; market steady to
| 10c lower; good to choice wethers $4.00®
J 5.10. fair to choice mixed $3.10@4.50, west
ern sheep $4.60(05.00, native lambs $4.00®
7.00, western lambs $4.50®7.00.
Cincinnati. May 26.—Hogs active, $4.25
(06.00. Cattle dull. $2.75(04.75. Sheep steady
at $2.25(04.(10. Lambs steady, $4.00(05.25.
Cotton 8©ed Oil.
New Orleans, May 26.—Cotton seed oil: 1
Prime refined, in barrels, 42^c; off re
fined, in barrels, 37c; prime crude, loose,
36c.
Memphis, May 26.—Cotton seed oil, car
load lots, per gallon: Prime crude nom- f
inal; off crude, 25®84c; off summer yellow,
nominal; choice cooking summer yellow, j
less than carload lots, nominal. Cotton
seed meal: Prime, $19.50®19.20. Cotton
seed cake; Prime, $20.
Now York, May 26.—Cotton seed oil
easy; prime yellow, 41,A®'42c.
LOCAL MARKETS.
The local spot cotton market was at a
standstill yesterday. No drop in the high
prices of Monday are noted and the quota- I
tlons hang fire at a hlghwater mark.
There are neither buyers nor sellers to j
amount to anything.
There is nothing doing in local securi
ties. Stocks and bonds are very quiet.
Morris avenue was rather dull yester
day. Prices on nearly ail lines remained
flrrrf. In fruit California naval oranges
ar5 selling at $3.00(03.25 per box, a slight
rise. The market is well rfuppltcd. As u
result of the heavy demand for lemons
that fruit has gone up to $4.00 per box
for the best varieties. This Is about $1.00
above the top price earlier In the season.
Produce Is moving along easily. Snap
beans are quoted at $1.75 for bushel hamp
ers, a decline of 25c. Irish potatoes are
the heaviest selling line at present. Old
crop potatoes arc 85c per bushel. NcW
crop, No. 1. bring $4.00 per barrel and
No. 2 are selling at $3.50. All other pro
duce staples are steady. The trade vol
ume is fair.
Few changes in the quotations for staple
groceries are noted. Mixed corn Is sell
ing at 06c per bushel and white at 68c.
Everything else is steady.
Hides and wool are unchanged.
Local Cotton Market.
(Corrected Latly by W. U. Nesbitt. Man
ager for Inman Ik Co.)
Good middling . 11
Strict middling ..10%
Middling . 10%
Strict low middling .10%
Low middling .10%
LOc.'l Iron Market.
IF.118.00
5F. 17.50
8F. 17.00
4F. 18.50
Grey forge.18.00
18. 18.00
2S.17.50
Mottled. 15.50
Local Stocks and Bonds.
(Corrected by Caldwell * Ward. Hanker*.
2015 First Avenue. Telephone
753. See Card.)
Stocks.
Bid. Asked.
Ala. Consolidated, com . 32 30
Alt. Consolidated, pfd;.84 86
Ala. National bank.123 133
Ala. Steel & Ship Bldg., pfd.80 90
Ala. Steei Sc V Ire. com and pfd.. 75 100
Ala. Trust ami Savings Co.116 ...
Amcr. Trust and Savings Bank.113
Avondalo Cotton Mills . 90 M
Avondale I.and Co . 80 90
Auditorium . 35 50
Bessemer L. and Imp. Co.. 32 37
B ham Ice Fa -ry Co.115 13
B’ham Realty, com . IS 80
R'ham Realty, pfd .M 76
B’ham R,, L. and P., com. 93 96
B’ham R., L. and P.. pfd.108 110
B'hrm Trust afid Savings .158 185
Gimmick Pipe Co.150 170
Bast Lake Land Co. 40 56
Ensley Land Co .WO 800
Ensley Land Co., new .80 120
Ensley Land Co., old .,..•••••••• 5 7
First National Bank.880 860
Georgia Ry. an* El*e.. com.*4.. 83 86
Georgia Ry. and filec. pfd.89 83
Hotel Hillman .... . 65 75
Jefferson County 8a v. Bank....Ill 180
Martin Cracker Co.... ..110 120
North Birmingham Land Co.... 26 30
People's Savings Bank .110 116
Republic Steel, com.15 18
Republic Steel, pfd . 74 77
Sloss-Shef field, com. 52 56
Sloss-Sheffleld. pfd . 90 94
Tennessee Coal and Iron ........ 56 58
Bonds.
Ala. Consolidated .100 106
Ala. Steel and Shipbuilding.... 98 102
Alabama State Bonds
Class A.*.106 107
Class B.106 307
Class C.101 103
Funded 4s . 110 112
B’ham Realty, mort.9S 100
B ham Realty, prior liens.100
B’ham Ry.. L. and K Co.104 106
B’ham Ry. and Elec. Co.... ....105 108
B ham Water Works Co..110 116
City of Birmingham 6s ...».101 106
City of Birmingham 6s.110 113
Continental Gin Co.86 10
Georgia Ry. and Elec. Co.100 102
Jefferson County Bonds—
Fours .100 104
Fives .106 110
Sixes ...,.112 117
Sloss I. and S., first mort.108 111
Sloss I. and S., gen. mort.82 85
Southern Club 6s .... .. 80 90
Tennesse C end I.
General mortgage. 90 95
Tennessee dlv ....108 l(M
Birmingham dlv ...... ..107 109
Cahaba Coal dlv ..103 107
Debardeleben dlv . ......101 104
Williamson Iron Co. 75 80
Local Staple Groceries,
apples—Western evaporated,
Flour—Fancy patent. $4.50; half patent,
$4.
Sugar—Granulated, BVic; T. C.f 4%c.
Coffae—Green. 7%|*9%c. ArmiC*l*k*.
packages. $10 30; Lion packages, $10.30;
Cordova packages. $10.30; Porto Rico,
$10.30.
Monts—Dry salted ribs, 10%c; dry salted
rib bellies. 1094C; hams, fancy, 149*c,
medium. 13%c; extra clears, 10%c; Cali
fornia. 1094c; breakfast bacon, 14c.
Lard—Leaf. !0%c.
Compound Lard—Snow drift, 8V4c.
MoIhjus*** iVmrlfwgal. 16d33.Sc; sugar
house. 40e; Georgia care. 86c,
Com—Mixed. 60c: white, 67c.
Meal—Bolted. $1.12; water ground. $1.12.
Hay—Per ton. timothy. No. 1, $20.50; -lo
ver, mixed, 19.50; prairie, $13.00, Johnson
&rnss. $15.00.
Corn—Mixed, 66c; white, 68c.
Cotton 80-* 'Teal—Per ton. $26.00.
P#*nrl Grits—$? lbs.. $1.66.
Bran—Pure wheat, $20.00; shorts. $22;
hominy fe**d. $21.00.
Beans—Navy. $2.50 per bushel; Lima.
€’/:C per pound.
■
Fruit and Produce.
(Corrected dally by C. F. Bell & Co., 2018
Morris avenue).
Oranges—California navels, $3.00®3.25;
seedlings. $2.75®3.00 per box.
Limes—Per 100, $1.26.
Lemons—360 size, per box, $3.75®4.00.
Bananas—Per bunch, culls. 6C®75c;
straights, $1.2n®1.50.
Strawberries—Cullman, $1.75®3 00 per
crate twenty-four boxes.
Georgia peaches, $2.00 to $2.50 per 6
basket crate.
Cantaloupes—Florida, nor crate, $3.50.
Celery—Per crate. $3.00®3.50.
Cabbage—South Carolina, $1.60 per crate.
Lettuce—Per crate, $1.00®1.60.
Egg Plants—Per dozen. 50c.
Cucumbers—Per crate, $2.00®2.50.
Tomatoes—1 torlda 6-basket crates $2.50
$,-■76.
Green Peas—Per bushel, $1.00.
Florida Squash—Per crate, $2.0S®2.o0,
8nap Beans—Bushel hampers, $1.50.
Peanuts—Fancy, per pound, Dc; No. t, 4c.
Pecans—Per pound, 10c.
English Walnuts—Per pound, 15c.
Raisins—Per box, $1.70.
Irish Potatoes—Per bushel, old crop, 85c;
new crop, No. 1, $4.00; No. 2, $3.50 per
barrel.
Onions—Per pound, new southern, 8c.
Peas—Black-eyed, per bushel, $1.50® 1.80.
Lima Beans—Per pound, 6c.
Navy Beans—Per bushel. $2.60®2.75.
Poultry—Best friers, 30c; broilers, 25®36c.
30c; hens. 30®35c: puddle ducks. 2S®80c.
Butter—Best Elgin, 20c; best country,
10®15e; cooking, 8® 10c; Jersey, 15®18c.
Eggs—Fresh, 13c.
Hides and Wool
Hides—Dry flint, ll&c; dry salted, 9Vfcc;
green, 6$$c.
Wool —Burry unwashed. 8<®12c; free un
washed, 15c; tub washed. 21®24e.
All kinds ot outs. Age Herald En
graving Department
Successful traders, Keen well Informed.
To do so, read our 400-page
“Guide to Investors"
and
“Daily Market Letter,"
Issued gratis—mailed free.
HAIGHT & FREESE CO.,
STOCKS. BONDS, GRAIN, COTTON.
53 Broadway, New York City.
“Determining the character and finan
cial responsibility of your Broker
is as important as selection
of right stocks."
^□EO. t. hill,
General Accountant.
Private cxam'natlon of Banks and
other corporations a specialty. 924 South
13th street, Birmingham, Ala
- LSE —
MONEY ORDERS
tor all your Small Remittance!, 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 lost.
Sold at all agencies of the Southern Ex
press Company at all reasonable hours.
RATES ARE AS FOLLOWS!
CSAT* -;
Not over * *.60.. 8 I Not over 810*.50..
“ 6.00... 5 " 106.00
“ 10.00 8
“ *0.00 io
“ 80.00... 1* “
“ 40.00 13 “
“ 50.00... 1 8 “
“ 80.00 *0 *•
* 75.00 *6
“ 100.00 80 “
SHIP YOUR GOODS
■ V THK
SOUTHERN EXPRESS COMPANY
which operates on 27,000 miles of first-class
railroads, with connections with other com
panies, to all noinU accessible by express
Condensed Report to Comptroller
The FIRST NATIONAL BANK of Birmingham, Ala
April 9th, 1903
RESOURCES.
Leans and discounts.$3,563,239.16
overdrafts. 452.62
U. 3. bonu.. and premiums 373,000.00
Otner stocks and bonds.. 11,300.00
Bank building. 61,0003)0
CA8H.
In vault./_$ 516.619.00
With banks... 1,271,623.90
With 0. S.
Treasurer .. 16,200.00
$1,804,442.90
$5,803,434.58
LIABILITIES.
Capital stock..* 300,000.03
Surplus and profits. 356,209.00
Reserved tor taxes. 2,304,00
C-'Culation.. 300.000 o i
DEPOoi
Individual ...1,0*19,59/.08
Rank . >45,324.50
United States 50,000.00
*4,844,921.36
*5,803,434.5*
W. P. G. HARD ING. President.
J. H. WOODWARD, Vice-President. J. H. BARR, Vice-President
W. W. CRAWFORD, Cashier. A. R. FOR8vTH, Assistant Cashier.
DIRECTORS—T. T. Hillman, E. M. Tu twller. B. F. Moore, r\ D. Nabers, Rob
ert Jemison, Ersklne Ramsay, F. M. Jackson, T. H. Molton, William A.
Walker, W. 3. Brown, W. H. Hass Inger, Walker Percy, N. E. Barker,
W. P. G. Harding, J. H. Barr.
INTEREST ALLOWED ON CERTIFICATES OF DEPOSIT
n
_Effective January 4, 1903.
EASTBOUNP.
Nal I No. i
Dally. ) Dally.
Lv Birmingham . 0:40 amj 4:00 pm
Ar Chlldersburg . 8:20 amj 5:32 pm
Ar Sylacauga . 8:43 amj 5:50 pm
Ar Talladega .12:48 pm|7.
Ar Anniston . 2:05 pm|.
Ar Goodwater . 8:22 am| 6:24 pm
Ar Alexander City . 9:57 am 6:50 pm
Ar Dadevllle .10:32 am 7:26 pm
Ar Camp Hill .10:61 am 7:46 pm
Ar Opelika .11:35 am 8:25 pm
Ar Columbu.. pm 8:25 pm
Xr Fort Valley ..1 3:20 pm|U:45 pm
Ar Macon ...| 4:16 pm|12:40 am
Ar Amerlcua (ex. Sun.)...j 7:00 pm|ll:20 am
Ar Amerlcua, via Fort |
. v®l'«lr .|10:0B pm| 6:10 am
Ar Albany .|U:10 pm| 7:15 am
Xr Augusta.'.7.'.I. ** arn
Ar Savannah..|. 7:00 am
ARRIVALS -
No. L from Macon. Albany, Columbus,
Opelika, Amerlcua, etc., 8:46 p. m.
No. 3. from Savannah. Augusta, Macon.
Columbus, etc., 12:20 p. m.
Elesdpnt through sleepers between Bir
mingham. Columbus, Macon and Savan
nah on Nos. 3 and 4.
Connection Is made at Savannah with
the fast freight and luxurious passenger
steamship* of the Savannah Line from
and to New York. Boston and the east.
For more detailed Information, beauti
fully-illustrated matter, write or apply to
JACK W. JOHNSON,Union Ticket Agent.
Birmingham, Ala.
J. C. HAILE. General Passenger Agent
F. J. ROBINSON. Asst. Gen. Pass. Agent.
W. A. WINBURN, Vice President and
Traffic Manager.
THEODORE D. KLINE. Qenl. Supt.,
Savannah, Ga.
Atlantic Coast Line,
No. 78. No. 58.
Lv B'ham (L. and N.)... 8:55 pm
Lv Montgomery .6:30 am 7:46 pm
Ar Troy . 8:02 am *:25 pm
Ar Ozark .9:22 am 10:55 pm
Ar Dothan .10:30 am 12:01pm
Ar Thomasvllle .1:30 pm 3:15 am
Ar Waycross .6:00 pm 6:16 am
Ar Jacksonville.. 7:30 pm 9:00 am
Ar Tampa . 7:00 am 10:00 pm
Ar Savannah .8:15 pm 9:35 am
Ar Charleston .6:40 am 6:25 pm
Through Pullman sleeper Birmingham
to St. Petersburg, Fla., via Jacksonville.
J. A. Taylor. T. P. A.. Montgomery,Ala.
W. H. Leahy, D. P. A.. Savannah. Ga.
W. H. Cr*lg. G. P. A.. Wilmington,N.G.
100,000 Thanks
for
100,000 Calls.
S. Y. Hampton, Prop.,
SPECIAL MESSENGER
SERVICE.
Both Phones 36.
10 and 15c Note and Parcel
Delivery,
Atlanta and
New Orleans
Short Line.
Atlanta & West Point
Railroad Company;
-‘...Alt#.
The Western Rw’y of Ala.
TEE GHOST Lin BITWIH
g- AJrD HSW 01L1AK8.
Operate Magnificent Veatibnled Trains betwee®
Atlanta end Montgomery. Mobile and
New Orleans, at which fatter point
olose and direct connec
tions are made for
HI Tens, Kezico ani California Poirit
b AWltUt to till ElMll.lt ltM|b
Tula ut Cir lerrlcs
These Railroad! offer moat favorable aceommer
datlons and laducemeat* to their patrong
and realdenta along their line. Anv una
contemplating & change of home can find i:o
location more attractive nor more conducive
to prosperity than la to be found on the lina
of these roads.
'‘THE HEART OF THE SOUTH'*
A beautifully illustrated book giving detaileA
information as to the Industrie! and attrao
tlons along these lines, can be had upon ; s»*
plication to the undersigned, win tokdj
pleasure in giving all desired lufc rmatlon.
J. P. BTLLTJPR Jr.. R. E. LUTTL
Oen. Pans. Agent Traffic Mgr.,
Atlanta. Oa. Montgomery. Ala.
TAKE "
It ban going u> luu tao me Weal
Wrl'e C. ti .VMfUHit, .i . • iii.u na.nen
(<r agent. Blrmlngnam. Ala., for full la
(•rmatlon a, to rates, schedule., eta
* F. TURNER. U. P. A. Dallas r<a
RAILWAY SCHEDULES
In Effect January 6. 1905.
Arrival and departure ot all trains at
Union Passenger Station. Blrm* igham.
Ala.
L 4 Nr—North.
1 Arrive. | Denar:
•No. 2, Fast Mall, N. O.. 112:10 pm[12:25 pm
•No. 4, Fast Mail, N. 0..| 9:07 pm| 9:15 pm
!No. 9. Decatur Accom...|.| 5:15 pm
INo. 10. Montg'm ao'm..| <:H pm|..
Stout Mtn. Special.|.j 5:50 am
Mirth,
1 Arrive. I Depart.
•No. t Fast Mall. Cln....(1:25 am) 1:15 am
No. 7, Decatur Accom..)10:09 am)...
‘No. 8. Fast Mall, C!n...,| 8:20pm| 8:40pm
No. 5. to Montgomery...|.| 5;15 am
3tout Mtn. Special.I 5:59 pm)..
BIRMINGHAM MINERAI_North.
'No. 40. Blocton Accommodation.. '10*-4lPani
'Na 42. Fast Mall, Blocton. T:5| m
No. 45. Altoona Accom . 1:51 am
No. 102, Blocton Accom . 7:15 on
1 Depart.
Ipeclal Lehigh .. .„...| 7:80 am
•outtt
.. »**».*S» woi
No. 48. to Blocton .. .. 1:51 pm
No. 44. Altoona Accom . tins nm
!No. 101. Blocton Accom . 6:99 am
Arrive.
Ipeclal Lehigh .,.,..) 4:U>pm
A. G. 8^—North. ~
— - — . -) Arrive. I Depart
No. 2. Fast Mall. N. 0..( 5:40 am| 1:45 am
No. A Pan-Am. Special..! 6:45 pm| 1:18 pm
No. 5, Chattanooga Ac..[12:25 pm| 4:49 pm
•No. 8, Meridian Accom.. 111:48 ami....
south,
... . ^ _ 1 Arrive.[Depart.
1. from Cincinnati. .110:20 pm'10:25 pm
No. 5 Pan-Am. Special. .110:10 am!10:15 am
No. 5. Meridian Accom..|12:45 pmj 4:50 pm
’No. 7. Morldlan Accom.,| ,| 6:48
SO. R. R.—North, East, South. West
... .. _ f Arrlrt.
No. IS. from Blossbnrg. Ao'ra....| 5:10 am
No. 20, from Selma . t a.ns
■No. 21. from Anniston . I:U
•No. 15. from Washington .11:45 am
No. 89 from Mississippi .I 9-flOnm
No. 57, from Washington ." , 55
■.To. 59. from Mississippi . 1 5-90 am
■No. 22. from Mobile and Selma..| B^SO am
No. 97, fast mall, from Wash’ton.| 6:35 am
No. 15. to Rlossburg. Aoeora...M*5oVm
No. It. to Selma . 9:20
■No. 22. to Anniston . 2:95 Dm
•No. 85. to Mississippi .IU:25 pm
No. 59. to Washington . 9:10
No. 87. to Mississippi .110:20 pm
•No. 39. to Washington. 8-10 am
•No. 21. to Mobile .M0-35 pm
•No. 98 to Atlanta .|U:Su pm
•FRISCO 8Y3TEM7
K. C, M. A B.—East.
•No. 299, Southeastern Llmlt*a...| ^55*0™
•No. 202, New York Express.1 6:90 am
No. 205, Winfield Accom .110:00 am
Fatt Line to Kansan City.
West
[Depart.
■No. 206. Southeastern Limited. ..|I2 M pm
•No. 204. New Tork Express .[10:20 pm
No. 210. Wlnfleld Aocom .| 4:jo Dm
CENTRAL OF GEORGIA—gait.
I Depart
•No. 2. to Macon . ..j 8:40 ara
•No. 4. to Savannah.I 4:M on
Wd'.t,
!l Arrive.
g;45 pm
12:20 pm
Trains marked thus <•) run dally. Thus
(!) dally except Sunday.
Southern Railwav Co.
Schedule in Effect May 24, 1903.
Trains leavs Birmingham as follows:
1:10 a. m.—No. 88, for Atlanta, Wash
ington. Baltimore, Philadel
phia. New Tork and the —.at,
Pullman Drawing Room
Bleeping Car, Birmingham to
New York. Dining cars.
4:20 a. m.—No. It for Montevallo, Ma
plesvllle. Selma and way sta
tions.
12:2S p. m.—No. 35 for Columbus, West
Point Winona, Greenwood
and Greenville; also Sheffield
end Florence and North Ala
bama points.
3:40 p.m.—No. 15, new train, for Cor
dova, Oakman, Corona and
way (Rations. Also Blossburg.
5:45 p. m.—No. 22 for Anniston and way
stations; also Talladega.
4:10 p. m.—No. 36 for Atlanta. Jackson
ville and nil Florida pplnts;
also Charlotte, Richmond.
Washington, New York and
the East Pullman Sleeping
Car Birmingham to Jackson
ville; also Birmingham to
Richmond. Va.
6:50 p. m —No. 15 for Blossbnrg and
way stations.
10:20 p. m.—No. 37 sir Columbus, West
Point Winona. Greenwood
and Greenville. Pull:-an
Drawing Room Sleeping Car
Birmingham to Greenville.
10:35 p. m.—No. 21 for Selma. Mobile and
way stations.'Pullman Draw
ing Room Sleeping Car Bir
mingham to Mobile.
11:10 p. m —No. 88—New train—for Atlan
ta. Anniston and way sta
tions. Pullman Drawing
Room Sleeping Car Birming
ham to Atlanta. Sleeping car
can be occupied at Union sta
tion t:30 p. m.
For detailed Information and sleeping
car reservations apply passenger office.
Morris Hotel building Telephone 617.
J. C. LUSK Plat Pass Agent
BIRMINGHAM AND ATLANTIC R. R.
Schedule Effective November I. 1503.
Read Down. Read Up,
No. L. No 3. No. 2. No.l
a.m. p m. a m. p m.
7:10 3:40 Lv....Talladega....Ar 10:25 8:54
8:35 5:03 Ar.Pell City.... Lv 9:00 5:36
10:00 9:55 Ar.. Birmingham...Lv 6:10 3:46
Trains run dally. QuHaast route te
tv een,Talladega. Blrmlngum and west
ern points.
Ship your freight via Blrmlngnam and
Atlantic railroad.
J. F. FLEETWOOD. G. F. ft P. A.
John C. Soley. General Manager.
---;-|-.
r.HROLLTON SHORT LINE RAIL.
WAY COMPANY,
To Carrollton and StanaeL Ala., vis
Reform. Ala.
No. 2. No. L
11.00 am Leave Carrollton...Arrive 4:05 pm
11:20 am Leave Stansel.Arrive 3:45 pm
11:40 am Arrive Reform.L-ave 3:25 pm
JOHN T. COCHRANE.
Pres and Gen'l Manager.
Carrollton. AJfe