The Birmingham age-herald. [volume], June 19, 1903, Image 7

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

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

                
VERY FEW STOCKS
ABOVE STAGNATION
)ay Started Off With Some
Show of Strength
EADERS LIFTED A POINT
When It Was Learned That the Prloe
of Cotton Wa* Running Off Sharp
ly Professionals Tried to
Force Prices Up.
New York, June 18—There were a few
stocks In which active trading and wide
movements made cross currents in the
stock market today, but the greet body of
securities listed for trading oft the ex
change was stagnant. The market started
off with some show of strength with the
Influence of the reduction in the rate of
discount of the Bank of England to 8 per
cent, and the easier tone to private dis
count in response. A higher range of
quotations for Americans as a conse
quence awaited the opening of the stock
market here. Some of the leaders were
lifted a point over last night during the
first half hour. Pennsylvania was in spe
cial demand and rumors continued to cir
culate that the Penna-Gould dispute had
been adjusted. It waa not possible to
secure official admissions that efforts to
this end were being made, but there
seemed to be more from the outside in
terests than the mutual approach of the
two parties to the difference. The progress
of the subscriptions to the new Pennsyl
vania stock had a favorable effect on the
market as well. When it was learned
that the price of cotton was running off
sharply, the professional operators in
stocks indulged the hope that they would
be able to force an upward turn but they
met selling pressure, and had to abandon
the attempt. This selling was especially
acute In Metropolitan Street railway, Met
ropolitan securities and the iron and steel
stocks; the selling being notably large in
United States steel, both common and
preferred. The former touched to 27% and
the latter exceeded its previous low record
of 78% by a fall to 78%. The presence In
the market of a large and persistent sell
ing order in United States steel was the
occasion of much surmise as to its source.
The whole group was depressed by the
tdmissions made by an authority in the
trade that concessions made In the price
of 'ron do not yet tempt consumers, and
that concessions are being quietly made
jy some of the larger Interests in the
steel market. A further reduction in the
price of iron was announced during the
day. The incident of delayed payment of
maturing obligations by the Colorado
Fuel company was a continuing factor
of depression in the whole group. Colo
rado Fuel Itself dropped at one time 2%,
but recovered the greater part of that
loss. The weakness of Metropolitan Street
Railway and of Metropolitan securities
was directly traceable to the statements
regarding the company's earnings made
by its president on the witness stand. The
drop In Metropolitan Street Railway
t cached 3% and in the Securities com
pany 3, with a partial recovery in both
cases. The effect of the Bank of Eng
land discount reduction was partly ofTset 1
by the continued strength of sterling
here and its weakness in Berlin and
Paris.
The Inference seems to be a disposition
on the part of the Berlin and Paris banks
to withdraw capital from London on ac
count of the reduced interest rate. Money
here continues easy, and the banks are
gaining from the sub-treasury, and it
Is believed from the interior as well.
Rates for time leans, however, are firm
ly held, and 5% per cent is demanded
for loans over the year end. The ease
of call money is said to be due to the
fact that large provision has been made j
by many interests in the way of time
loans to guard against the period of
stringency, and in the meantime contin
uing the proceeds of these time loans
out at call on stock collateral. The mar
ket closed intensely dull and weak, and
near the low level of the day, with losses
of about a potn’ in a number of leading
stocks.
Bonds were weak. Total sales, par
value, 31,610,000. United States bonds were
all unchanged on the last call.
New York Stocks.
Open. High. Low. Clos.
Atchison .67 . 67% 06% 6674
Atchison, pfd .93% 93% 93% 93%
Amer. Sug. Refining.. .12074 120*4 119 119
Brook. Rapid Transit.. 5774 57% 66% 5674
Chesapeake & Ohio... 3774 S7% 87 3774
Copper. 5474 5474 53% 53%
Colorado Fuel .IK 62 60 6174
Erie .32% 3274 31% 32
Loutsv. A Nashv.11074 11074 109% 109%
Manhattan L .13674 136% 13674 1 3674
Missouri Pacific .103*4 103% 10274 10274
M. . K. A T. pfd . 49*4 49% 49% 49%
Norfolk A Western .... 63 63% 62% 62%
N. Y. Central .127*4 127*4 127 12774
Pennsylvania.126% 127 125% 126%
People s Gas.97% 9874 97 97
Republic Steel.14% 15 14% 15
Republic Steel pfd .... 74% 74% 74*4 7474
Reading . 48*4 48% 47% 47%
Southern Pacific. 49*4 49*4 48*4 48%
Southern Ry.24% 24% 23% 23%
Southern Ry. pfd .... 88 88% 88 88%
St. Taul .151 151% 150*4 15074
Texas A Pacific.29% 29% 28% 28%
Tenn. Coal A Iron ... 60 50 40 49
U. S. Steel . 30 30% 28% 28%
U. S. Steel pfd . 80 80 78% 79%
Union Pacific.80% 8074 7974 79%
U. S. leather . 9 9 9 9
Wabash pfd. 43 4474 42*4 42%
Western Union . 85 85 84% 84%
Baltimore A Ohio .85% 8574 84% 84%
81 oss ...... 40 40 39% 40
Illinois Central .133*4 1337* 133% 13374
Rock Island . 34 34% 32% 33%
Bonds.
United .States refunding 2s regls. 106%
United States refunding 2s coupon....106
United States 3s registered ..w. 107%
United States 3s coupon . 108
United 8tates new 4s registered _ 135%
United States new 4s coupon . 135%
United States old 4s registered . 110
United States old 4s coupon . Ill
United States 6s registered . 102%
United States 6s coupon . 102%
Southern Railway 5s .116%
Wisconsin Central 4s......bid 90%
Mobile and Ohio 4s . 92
Central of Georgia 2d Inc. 32%
Money on Call.
New York. June 18.—Money on call
COTHRAN & CO.
SINKERS . IND . BROKERS
GROUND FLOOR, WOODWARD
BUILDING.
Members New York Cotton Exchange,
New Orleans Cotton Exchange,
Chicago Board of Trade.
Cotton, Ctocks, Grain and Provisions.
DIRECT PRIVATE WIRES
New York, New Orleans and Chicago.
A. B. BAXTER & 60.. IN6.
Successors to MURPHY A CO.
Alabama National Bank Building.
Private Leased Wire* Direct to New
York, New Orleans snd Chicago.
GOTTON, STOCKS & GRAIN.'
New York Office—No. #1 Broadway.
Offices In principal cities throughout the
South.
Write for our Market Manual and book
containing Instructions for traders.
Phone No. 842.
OTTO MARX & C(T
BANKERS AND BROKERS.
Mortgage L,oane at 5 and 6 Per Cent.
Rooms 211-212 Woodward Building.
TIT E constantly keep In touch with the
'' financial condition of the country,
thus enabling us to select securities of
the highest grade, paying the best In
come.
CALDWELL & WARD.
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 $5,000r
000. Interest rate the lowest.
C. GAZZAM, AGENT.
Room 16, Chalifoux Bldg.
WHITE COMMISSION CO.
Successors to
SMITH*MAY CO ^ANY,
BROKERS,
Alabama National Bank Buildino.
Birmingham, Ala.
STOCKS, COTTON, GRAIN
Quickest service In the south- Prompt
and careful attention given to orders for
delivery or on moderate margins. Out-of
town accounts solicited. Market letter
mailed on application. Phont *47.
Correspondents:
THE O’DELL COMMISSION GO
Incorporated Capital $200,000.00.
CINCINNATI, OHIO.
Largest Brokerage House In the World.
STEINER BROTHERS,
Domestic and Foreign Bankers
Deposits Received Subject to
Check.
Securities Bought and Sold
Outright and on Commission.
Interest Allowed on Savings
Deposits.
Foreign Exchange Bought and
Sold.
Agents Steamship Companies
to and from All Parts of the
World.
Real Estate Loans Negotiated
at Lowest Rates.
steady at 20284; closing 2810284- Time
money firm, sixty days 40484, ninety days
484, six months 684- Prime mercantile
paper 50584 per cent, sterling exchange
steady with actual business In bankers’
bills at 4.87.95 for demand and at 4.86.40
for sixty days, posted rates 4.8584474.86
and 4.8884, commercial bills 4.84%. Bar
silver 52%. Mexican dollars 41. Govern
ment bonds steady, railroad bonds weak.
Treasury Statement.
Washington, June 18.—Today's treasury
balances, exclusive of the gold reserve,
show; Available cash balance $228,883,261,
gold $103,342,868.
Clearings and Exchange*.
New Orleans, June 18.—Clearings $2,818.
526, New York exchange bank $1 per $1000
premium, commercial 75c per $1000 dis
count.
Memphis, June 18.—Clearings $340,430,
balances $41,836.
Seaboard Air Line.
Baltimore, June 18.—Seaboard Air Line
common 2184032. preferred 3684037%, bonds
4s 78078%.
Virginia-Carolina Company.
New York, June 18.—Vlrginla-Carollna
Chemical company 54, preferred 11584.
Chicago ’Change.
Chicago, June 18.—The corn pit was
again the center of interest on the board
of trade today and" prices showed good
advances. July closing one-half higher,
and September %@% higher; September
wheat was up %c and oats a shade better,
while provisions were unchanged to 7%
@10c higher.
The leading futures ranged as follows:
" Wheat— Open. High. Low. Close.
July (new) ... 76% 77% 78% 76%
July (old .... 76% 77% 76% 76%
Sept, (new) ... 74% 75% 74 74%
Sept, (old) .... 74% 75% 74% 74%
Corn—
June. .... .... 50%
July. 50% 50% 50% 50%
September.. .. 49% 50% 49% 50%
December ... 48% 48% 47% 48%
Oats—
July. 39% 40% 39% 39%
September ... 33% 34% 33% 3378
December.. .. 34% 34% 83% 34
Mess Pork—
July. 17.00 17.00 16.97% 17.00
September .. 16.85 17.02% 16.85 16.95
Lard—
July. 8.82% 8.90 8.82% 8.87%
September .. 8.95 9.00 8.92% 8.97%
Short Ribs—
July. 9.27% 9.35 9.27% 9.32%
September .. 9.27% 9.36 9.27% 9.30
Cash quotations were as follows:
Flour—Steady.
Wheat—No. 2 spring, 77@78c; No. 3, 73®
77%c; No. red, 76%®7Sc.
Corn—No. 2, 50%@51c; No. 2 yellow, 51c.
Oats—No. 2, 39%rq39%c; No. 2 white, 42c;
No. 3 white, 40%@40%c.
Rye-No. 2, 62®52%c.
Barley—Good feeding, 47®49c; fair to
choice malting, 62®S3c.
Flax Seed—No. 1, 31.04; No. 1 northwest
ern, 3107.
Mess Pork—Per barrel, 317.
Lard—Per 100 pounds, 3S.82%®8.85.
Short Ribs Sides—Loose, S9.10C9.30.
Dry Salted Shoulders—Boxed, 38.12%®
8.25.
Short Clear Sides—Boxed, 39.62%®9,75.
Whisky—Basis of high wines, 31.30.
Clover—Contract grade, 311,50®11.78.
On the produce exchange today quota
tions ranged aa follows:
Butter—Steady; creamery, 16@21c; dairy,
16%@18%.
Eggs—Easy, 13@14%c.
Cheese—Steady, 10%@ll%c.
BETTER WEATHER
OVER THE SOUTH
Cotton Opened Easy at a De
cline of 7 Points
FOREIGNERS ARE SELLING
Sentiment Seemed More Bearish on
the New Crop Than at Any
Time of Late—Steadied
in Last Hour.
New ork, June 18.—The cotton market
opened easy at a decline of 7@18 points
under disappointing Liverpool cables,
heavier receipts, favorable weather over
the south and less bullish private crop
advices, with both local and foreign op
erators selling more or less freely. The
new crop months were again the weakest,
however, and after the Initial rush of
selling had exhausted Itself the summer
months showed some strength under bull
support, and forecasts for less favorable
climatic conditions during the next twen
ty-four hours. July, which had opened at
12.10, sold up to 12.24, and August reached
11.88 under these Influences, while the new
crop months also showed sympathetic re
coveries.
Sentiment, however, seemed more bear
ish on the new crop than at any time of
late, and when the estimates for tomor
row's receipts at New Orleans were re
ceived, showing a full movement to be
expected, the late positions again sold
off sharply, while the old crop displayed
considerable resistance, but nevertheless
worked lower.
Speculation was not particularly active
and the decline was slow and gradual, be
ing Interspersed with occasional and
slight recessions up to the close, which
was within two to six points of the low
est for the session, the market being
steadied In the last few minutes by cov
ering, though It still showed a net loss
of 11@20 points.
Total sales futures were estimated at
250,000 hales. Port receipts today turned
out about 3608 bales against 1886 last year,
and from 1800 to 2100 bales are expected at
New Orleans tomorrow against 518 bales
last year.
New York, June 18.—Cotton quiet; mid
dling 12.40, gross receipts 75, sales 300,
stock 163,922, exports continent 700, France
837. -
Total today at all seaports: Net receipts
7608, exports France 8X7, continent 3170,
stock 248,790.
Consolidated at all seaports: Net re
ceipts 13,845, exports Great Britain 12,559,
France 1796, continent 14.920.
Total since September 1 at all seaports:
Net receipts 7,627,178, exports Great Bri
tain 2,736,716, France 756,727, continent 2,
773,550, Japan 136,106.
New Orleans Cotton Market
New Orleans. June 18.—Spot cotton quiet
but steady. Sales 1160 bales, Including 100
to arrive. Quotations unchanged. Buyers
readily take all desirable lists offered at
quotations. In response to unfavorable
conditions the summer months opened 2 to
5 points lower and the new crop positions
11 to 15 points below last evening’s closing
figures. Liquidation Is not wholly com
pleted. Consequently the market was at
a decline, especially In the winter months.
The fluctuations were numerous, the high
est and lowest points being July 13.44 to
13.48, August 13.20 to 18.29, September 11.24
to 11.31, October 9.93 to 10.08, November
9.61 to 9.74, December 9.61 to 9.75 and Jan
uary 9.62 to 9.76. The trading at the lower
levels was very active and the volume un
usually large. Those who have been
studying the ring closely for the last day
or two say that the buying on the present
break has been Immense and that all
classes of traders have Indulged In it.
The hoard at the close showed net losses
of 3 points on June, July 7, August 1,
September 10 and 18 to 20 puinta on the
more distant months.
New Orleans, June 18.—Cotton steady,
sales 1150. Ordinary 10 9-16, good ordinary
117-16, low middling 12 3-16. middling
13 1-16, good middling 13 9-16, middling
fair M94. nominal. Receipts 876, stock 56,
179.
New Orleans, June 18.—Cotton futures
steady. June 13.32 hid, July 13.44. August
13.29 hid, September 11.30011.31, November
9.6509.67, December 9.6409.65, January 9 6.
9.67.
Dally Statement.
Galveston—Firm; middling, 1294c; re
ceipts, 2621; stock, 11,498.
Mobile—Nominal; middling, 1194c; stock,
1769.
Savannah—Unsettled; middling, 1294c; re
ceipts. 65; stock, 11,576.
Charleston—Nominal; middling, 1294c;
stock, 243.
Wilmington—Nominal; middling, 1294c;
stock, 398.
Norfolk—Firm; middling. 1294c; sales, 9;
receipts, 46; stock. 1375.
Baltimore—Nominal; middling, 18c; re
ceipts, 150; stock, 1025.
Boston—nollday.
Philadelphia—Steady; middling, 12.65c;
stock, 1839.
St. Louis—Quiet; middling, 1294c; stock,
5683.
Memphis—Quiet; middling. 1294c; re
ceipts, 94; shipments, 725; sales, 6; stock,
4863.
Liverpool Market.
Liverpool, June 18.—Moderate business
done in spot cotton; prices Irregular;
American middling fair, 7.2Sd; good mid
dling. 7.12d; middling, 6.98d; low mid
dling, f!.72d; good ordinary, G.46d; ordi
nary, 6.26d. The sales of the day were
GOTO hales, of which 500 were for specula
tion and export, and Included 5900 Amer
ican. Receipts 1000 bales, no American.
Futures opened easier and closed irregu
lar. American middling. O. O. C.: June,
6.68@692; June-July, 6.64<gG.fi6: July-August
6.88; Augnst-Septemher. 6.47; September
Oetober, 6.87; October-November, 6.52;
November-December, 5.37; December-Jan
uary, 5.33W6.34; January-FebruSry, 6.32i®
6.33; February-March, 6.82.
Dry Goods.
New York, June 18.—Considerable
apathy has been evident In the conduct of
buyers and the dry goods market has
been characterixcd by cautious buying.
Increased Independence is noted on the
part of sellers who are determined to se
cure the full market price for goods
which they contend have advanced by no
means as far as the raw material.
Baxter A Co.’c Cotton Letter.
New York, June 18.—The weather In
the south has been decidedly better the
past four days, and the government fore
cast is for similar conditions tomorrow.
This fact is making a good deal of Im
pression In sentiment, but cannot much
effect prices for the simple reason that
the crop is pjractlcaliy exhausted. On ail
sides there is a scarcity of staple, and
furthermore it Is known and conceded
that we can have no new cotton of im
portance before October, be the weather
conditions what they may, and no matter
what the price may be. It is a question to
what extent the crop may Improve. Peo
ple forget that the chances of a good crop
are dwindling every day. The number of
good reports are insignificant compared
to the bad reports and the fact that
Texas Is already suffering from boll wee
vils gives the bulls a decided advantage.
Cables were poor when we opened, end
our first prices were consequently easy
St 8 to 18 points decline. A new line of
chorts was put out on the good weather
reports, but this will have to be covered
befofe a great while, and there Is no pos
sibility of keeping prices down until new
cotton begins to be marketed in large
quantities. No attention is given to the
current movement. Cables were 9 to 15
points lower.
Cothran A Co.’e Cotton Letter.
By C. W. Dee A Co.
New York, June 18.—New crops looked j
prety sick at one time today. Hie de
cline carried prices to a point that reveal- ,
ed a re-actlon in three days of about one- !
half cent a pound. The break sustains all I
that has ben said against the purchases
of fall month's at so Inflated a level ]
though the decline has now carried prices
to a point from which a re-acticu can be
expected. It is a question, however,
whether a sufficient break has taken
place to put the position of a new crop on
a sound basis. eWather conditions are
very good Indeed and while we do not
mean to say that crop accounts ur? good
or brilliant, they are certainly very much
better than those at hand a few wholes
ago. When we wer advising the pur
chase of fall months at 8H and 9 cents
acounts were very bad. The government
conditions show how poor they were. But
now things are shifting *o the othe.* side
and with a steady improvement in the
condition of crop prices can hardly l»e
maintained at any such figure as that re
cently prevailing. It may be that the
next government report wil show a de
cided improvement. In this event prices
will go lower just a* they went higher
after the last report. We are facing a
different order of thlngb. Everybody
hopes that weather„suroundings are going
i to continue less disastrous and it would
not be the part of wisdom to make cot
ton investments at a figure from which
a decline is more than likely. It may
be that the market will worry along the
a time, held up by the strength in July
and August, but we would wait for a
further break before Investing very heav
ily on the side of higher prlc»s If tne
market can recede to around VA, the posi
tion woudl be decidedly more attractive.
In the meantime purchases mad? on sharp
breaks with profits taken on any ad
vance are to be commended.
New York Cotton Future*.
Open. High. Dow. Close
January .... ...... 9.87 9.88 9.76 9.81
June .12.20 12.20 12.20 12.15 |
July .12.10 12.24 12.10 12.18
August.11.77 11.88 11.74 11.79 j
September .10.97 10.98 10.85 10.89 i
October .10.21 10.21 10.04 10.09
November .... \... 9.90 9.96 9.88 9.88 ,
December . 9.88 9.88 9.76 9.81
The Coffee Market.
New York, Juhe 18.—Spot Rio quiet;
mild quiet. Cotton futures were steady
at a partial decline of 6 points under con
tinued large receipts at primary points
and a partial decline In the German mar
ket, but ruled steady and finally quiet
5 to 6 points higher. Sales 9250lmgs. July
3.55, September 3.750 3.80, October 3.80,
December 4.20, March 4.40, May 4.50. The
Hales of July at 3.55 brought the market
down to another new level, the lowest
previous price having been reported yes
terday when July sold at 3.60.
The Metal Market.
New York, June 18.—The London tin
market was very weak, spot there declin
ing £3 5s to £126, and futures £2 10s to
£124 10s. In New York tin also was weak
er, responding to the losses abroad and
closed at *28.00028.37%.
Copper declined 12s 6d in London, clos
ing at £56 10s for spot, while futures lost
5s, closing at £56. Locally copper was
dull and nominally unchanged. Lake and
electrolytic are quoted at $14.50@14.75, and
casting at $14.00.
Lead was quiet and unchanged here at
4.12% and London also was unchanged at
£11 3s 9d. Spelter was unchanged In
London at £20 2s Od while here the market
was nominal at $6.0006.25.
Iron closed at 62s 6d In Glasgow and at
46s 3d In Middlesboro. Locally northern
grades were nominally lower, No., 1 foun
dry. northern. $19.50020.00; No. 2 foundry,
northern. $18.60019.00; No. 1 foundry south
ern and No. 1 foundry, southern soft,
$19.00019.50. Warrants were nominal.
The Live Stock Market.
Chicago, June 18 —Cattle receipts 7000,
including 1500 Texans; Btrong to 15c high
er. Good to prime steers $6.0005.80, poor
to medium $4.0004.85, stockebs and feed
ers. $3.0004.75, cows $1.6004.60, heifers *2.50
@4.80, canners $1.6002.90, bulls $2.25@4.25,
calves $2.5006.75, Texas fed steers $8.50@
4.60.
Hogs—Receipts 28.000. Good to choice
heavy $6.1506.30, light $6.0006.20, bulk $6.10
@6.20.
Sheep—Receipts 11,000, steady to strong.
Good to choice wethers $4.2505.00, fair to
choice mixed $3.2504.00. western sheep
$4.2505.00, native lambs $4.5006.50.
Cincinnati. June 18.—Hogs, active. *6.25.
Cattle, steady, $2.5005.00. Sheep, easy,
lower, $2.uO04.25. Lambs, active, strong,
$4.2507.25.
Naval Stores.
Charleston, June 18.—Turpentine steady
at 46%. Rosin steady. A. B, C, $1.60; D,
*1.65; E, $1.70; F, *1.75; G. $1.80; H, $2.20;
I, *2.75; K, $2.80; M, $2.90; N. *2.95; Win
dow Glass, $3.05: Water White, $3.25.
Savannah. June 18.—Turpentine steady
nt 45c; sales, 1043; exports, 205. Rosin
firm; receipts, 2487; sales, 2006; exports,
710. Quote; A, B. C. $1.80; D, $1.65; E.
$1.70; F, *1.75; G, $1.80; H, *2.26; I, *2.80;
K, $2.85; M, $2.95; N. $3; Window Glass,
$3.10; Water White, $3.30.
Wilmington, June 18.—Turpentine firm
at 47c; receipts. 95 casks. Bosln firm at
*1.75; receipts, 405. Crude turpentine firm
nt $1.76, $3 and $3.26; receipts, 95. Tar
firm at $1.65; receipts. 72.
cotton Seed Oil.
New Orleans. June 18.—Cotton seed oil,
prime refined, In barrels, 42%c; off re
fined, In barrels, 37c; prime crude, loose,
36c.
Memphis, June 18.—Cotton seed oil, car
load lots, per gallon: Prime crude nomi
nal; off crude, 20033c; prime summer yel
low nominal; off summer yellow nominal;
choice cooking summer yellow, less than
car luad lots, nominal. Meal, prime, $19.60
@20; cake, prime, $20.
New York, June 18.—Cotton seed oil
firm; prime yellow, 43c.
LOCAL MARKETS.
No change In the cotton quotation* are
reported. The market is lively but prices
remain at about the same level.
Bessemer Land and improvement com
pany’s stock is quoted at 33-35; Birming
ham Railway, Light and Power company’s
new preferred stock is 108-110; Ensley
Land company, new, 60-100; Ensley Land
company, old, 8-6.
Local bonds are steady. No variations
in quotations are reported.
Staple groceries are quiet and there
is nothing doing in the local market. The
same is true of fruit and produce. A
lot of the season's fruit is being disposed
of but other lines are rather quiet. Ap
ples, plums and a few peaches are on
the market. Peaches are now quoted at
$1 to $2 per six-basket crate. Apples are
selling at 13 to $4 per barrel.
A shipment of pineapples came yester
day. The fruit is bringing $3 per crate.
Limes are plentiful at $1.25 to $1.50 per
100. Few oranges are to be seen.
Watermelons are not arriving in very
heavy shipments Just now. The twon
seems well supplied, however,
heavy shipments just now. The town
Cucumbers are to be had without any
trouble along the avenue.
Poultry is moving moderately well. A
few coops were on sale yesterday. There
are no changes In the prices.
Hides and wool are at a standstill and
there Is nothing doing In the prices.
Local Cotton Market.
(Corrected Daily by W. t>. Nesbitt. Man~
ager for Inman * Co.)
Good middling .11%
Strict middling.111%
Middling .U%
Strict low middling .11
Dow middling.10%
Loc I Iron Market.
IF.*15.60
..15.00
.. 14-50
... . 14.00
Grey Forge .13.50
IS..
.. 1500
Mottled.1300
Local Stocks ar.d Bonds.
(Corrected by Caldwell A Ward, Bankers.
2015 First Avenue. Telephone
763. See Card.)
Stocks.
Bid. Asked
Ala. Consolidated com . 30 35
Ala. Consolidated pfd . 81 86
Ala. National bank.125 136
Ala. 8teel A Shin Bldg., pfd. 80 00
Ala. Steel A Wire, com and pfd.150 250
a Trust and Savings <~n.115
Amer. Trust and Savings bank..110 120
Avondalo Cotton Mills ..90 98
Avondale Land Co .., 75 CO
Auditorium . *5 50
Bessemer L. and Imp. Co...... 83 33
B’ham Ice Fa -v Co.115 125
B’ham Realty, com. 65 72
B'bam Realty, pfd . 62 64
B'ham R., L. & P., com. 98 95
B’ham R„ L. A P., pfd .Ill 118
B'ham R.. L. A P., pfd. (new)-108 110
B'ham Trust A Savings.160 170
Dimmlck Pipe Co.150 170
East Lake Land Co. 40 06
Ensley Land Co.500 600
Ensley Land Co., new.60 100
Ensley Land Co., old. 3 5
First National Bank .840 875
Georgia Ry. and Elec., com. 29 82
Georgia Ry. and Elec, pfd.81 83
Hotel Hillman . 55 75
Jefferson County 8av. Bank...122 180
Martin Cracker Co.100 110
North Birmingham Land Co.... 30 35
People's Savings Bank .UO 115
Republic Steel, com. 13 15
Republic Steel, pfd . 71 74
SI iss-Sheffleld. com. 38 42
Sloss-Sheffield, pfd . 87 90
Tennessee Coal and Iron . 48 51
Bond*.
Ala. Consolidated ....100 106
Ala. Steel and Shipbuilding.... 93 102
Alabama State Bonds
Class A.106 107
Class B.106 307
Class C.101 103
Funded 4s .,...110 112
B'ham Realty, mort.99 100
B'ham Realty, prior liens.99 102
B'ham Ry., L. and P. Co.103 105
a, ham Ry. and Elec. Co.105 108
B'ham Water Works Co.110 115
City of Birmingham 6t .101 105
City of Birmingham 6s .110 114
Continental Gin Co..... 85 90
Georgia Ry. and Elec. Co. 07 99
Jefferson County Bonds—
Fours .100 104
Fives .106 110
Sixes .113 117
Sloss I. and B., first mortgage..108 111
Sloss I. and S., gen. mort.SO 88
Southern Club 6s. 74 78
Tennesse C. and L
General mortgage. 90 95
Tennessee dlv ..106 108
Birmingham dlv .107 109
Cahaba Coal dlv .103 107
Debardeleben dlv .101 104
Williamson Iron Co . 85 90
Local Staple Groceries.
Apples—Western evaporated, 766@864c.
Flour—Fancy patent, 34.50; half patent
34.20.
Sugar—Granulated, 664c; T. C., 4He.
Cofree—Green. 764©96ie, Arbuckle's.
packages, 310 80; Lion packages. 310.30;
Cordova packages. 310.80; Porto Klco,
310.30.
Meats—Dry salted ribs, 10c; dry salted
rib bellies. 1064c; hams, fancy, 1464c;
medium, 13%c; extra clears. 994c; Cali
fornia, 1094c; breakfast bacon, 14c.
Lard—Leaf, 10c.
Compound Lard—Snow drift, 8c.
Mniasses - Centrifugal. loguoc; sugar
house, 40c; Georgia cane. 36c.
Beans—Navy, 32.50 per barbel; Lima. 60
66ic per peund.
Pearl Grlls-92 lbs.. 31.65.
Feed Stuff.
Meal—Bolted. $1.25; water ground. $1,20.
Hay—Per ton. timothy No. 1. $21; clo
ver, mixed. $19.50; prairie, $13.00; Johnson
Srnss, $15.00.
Corn—Mixed. 70c; white, 71c.
Cotton Heed Meal—Per ton. $23. Hulle.
per ton, $7.25.
Bran—Pure wheat, $21; shorts, $23;
hnn lny feed. $21.00.
Oats—White, 50c; mixed, 43a.
Fruit and Produce.
(Corrected dally by C. F. Bell & Co.. 2018
Morris avenue).
Oranges—California navels, $3.0003.25;
seedlings. $2.7503.99 per hnr
Limes—Per 100, $1.2501.50.
Lemons—360 Ize. per box, $4.2504.75,
Pine Apples—$3 per crate.
Bananas—Per bench. culls. 60075c;
straights. Jl.2501.50.
Dewberries—$2.60 per 24 quarts.
Blackberries—$2.00 to $2.50 for 24-quart
crates.
Huckleberries—$2.50 per 6-gallon crate.
Georgia Peaches—$102 per six-basket
crate.
Georgia Plums—Per crate, $1.5002.00.
New Apples—$3 to $4 per barrel.
Cantaloupes—Florida, per crate, $2.50.
Water Melons—15025c each.
Celery—Per crate 13.0003.oO.
Cauliflower—Per dosen. $2.
Cabbage — Home-grown. $1.7502.00 per
crate.
Lettuce—Per crate, $1.0001.50.
Egg Plants—Per crate. $3.
Cucumbers—$1.7502.00 per crate.
Tomntoes— Florida 6-basket crates. $1 75
@12. Alabama four-basket crate, $101.25.
Green Peas—Per bushel. $1.25.
Flnrldn Squash—Per crate. $101.25.
Snap Beans—Bushel hampers. $1.
Peanuts—Fancy, per pound, 6o; No. 2, 4c.
Pecans—Per pound, lOd.
English Walnuts—Per pound, 15e.
Raisins—Per box. $1.70.
Irish Potatoes—Per bushel, old crop, 85c;
new crop. No. L $3: No. 2, $2 per barrel
Onions—Per pound, new southern. 214c.
Peas — Black-eyed, per bushel, $1,250
1.50.
Lima Beans—Per pound. 6c.
Navy Bpans—Per bushel. $2.6002.75.
Poultry—Best friars, 30c; broilers. 15®
25c; hens, 30035c.
Butter—Best Elgin. 20c: best country,
15018c: cooking. 8010c; Jersey, 18020c.
Eggs—Fresh, 15c.
Honey—In comb, 1001214c; strained, 80
10c.
Hides and Wool.
Hides—Dry flint. 1114c; dry salted. 9c;
green. 614c.
Wool—Burry, unwashed. f@15e; free un
washed. 15c; tub washed. 21024c.
NOTICE OF MEETING OF STOCK
HOLDERS OF THE WOODWARD
CONSTRUCTION COMPANY.
Notice Is hereby given that. In pursu
ance of a resolution of the board of di
rector* of the Woodward Construction
company, adopted on the 2flth day of
May. 1903. there will be a meeting of the
stockholder* of said company at the office
of Brown Bros. A Co., In the city of Bir
mingham, Alabama, at 12 o'clock m„ on
the 27th of June. 1901 The purpose of
said meeting Is to consent to the execu
tion of a mortgage conveying lots 11, 12
and 13. In block 85. In the city of Bir
mingham. Alabama, to the United States
Mortgage and Trust company to secure
an Indebtedness of 1260.000. and the fur
ther purpose of said meeting will be to
authorise and direct anything to be done
necessary for the carrying out of the
purposes of said meeting herelh ex
pressed. E. L. BROWN.
flocpstarv a nd Traasnsg*
1 AsrAiHmRRnmrmfTifEBESTlNCRmmjsjm |
i Are Recommended Tor Their Purity and I
\mOLESOMENESS.
You CAN HAVE THEM EVERYWHERE. 1
I IHEftlRISIIAN MOMfIN BRRVINGGO. 1
' m CINCINNATI?OHIO. jg
T. W. O’Byrne, Wholesale Dealer
Condensed Report to Comptroller
The FIRST NATIONAL BANK of Birmingham, Ala
June 9th, 1903.
RESOURCES.
Loans and discounts.93,438,275.87
Overdrafts. 303.53
U. S. bonds and premiums. 369,500.00
Other stocks and bonds... 11,300.00
Bank building. 51,000.00
CASH
In vault.9 574,265.34
With banks... 1,172,124.91
With U. 8.
Treasurer .. 15,400.00
91,761,790.25
95,632,169.45
LIABILITIES.
Capital stock.* 300,000.oc
Surplus and profits. 348,237.87
Ueservert for taxes. 3,654.03
Circulation. 300,000.0)
DEPOSITS
Individual_$4,074,797.30
Bank . 555,480.28
United States. 50,000.00
*4,880,277.58
i—'- — «
*5,832,169.43
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. Tutvvller, B. F. Moore, F. D. Nabers, Rob
ert Jemlsrn, Erskine Ramsay, F. M. Jackson, T. H. Molton, William A.
Walker, W. S. Brown, W. H. Hassinger, Walker Percy, N. E. Barker,
W. P. G. Harding, J. H. Barr.
INTEREST ALLOWED ON CERTIFICATES OF DEPOSIU
Jefferson
County
Savings
Bank,
Birmingham
Capital, $100,000.00.
Undivided Profits, 60,000.00.
Accounts ol banks and bankers,
merchants, Individuals and corpora
tions solicited.
Special attention to collections.
Interest allowed on savings and time
deposits.
C. F. EN3LEN, President
C. E. THOMAS, Vice-President
B. F. ENSLBN, Cashier.
E. K. CAMPBELL, Counsel.
Condensed Report to Comptroller
The FIRST NATIONAL BANK of Ensley, Ala.
LIABILITIES.
Capital stock.* 50,000.00
Undivided profits. 1,825,52
Circulation. 12,500.00
Deposits. 103,995.72
*168,121.24
RESOURCES.
Ixmna ano. Discounts.9 79,459.91
U S. Bonds and Premiums.. 13,515.63
Furniture and Fixtures.... 2,888.28
Available cash.,. 76,257.42
9168,121.24
J. W. Minor, Gordon DuBose, Peyton A. Eubank
Pres. • Vice-Pres. Cashier.
[THE MILNER & KETTIG COMPANY
SOUTHERN SALES AGENTS
American Tool Works Co.
Becker-Brainerd Milling flachine Co.
Cleveland Punch & Shear Works Co.
National Machinery Co.
Chicago Pneumatic Tool Co.
Curtis & Co., Manufacturing Company, Etc.
We Carry in Stork for Iaioiediate Shlpmiiti
Engine Lathes, Radial Drills, Bolt Cutters,
Planers, Upright Drills, Twist Drill Grinders,
Shapers, Milling Machines, Emery Grinders, Eto
Prices and Cuts on Application, BIRMINGHAM, ALA.
WE OS IT RIGHT
imm LAUNDRY,
BIRMINGHAM BOILER WORKS
l/ANOrntTuritRS AND BU.LDERc Of
FURNACES, STAND PIPES, CHIMNEYS, TANKS
And L-liters 01 all Kinds, duilt / ti e Latest improve* Hydraulic and
Pr.'umatic Machinery. Repair Work a Specialty. TELEPHONE 1133.
liuKK AND OPFiCEi 124th EL, and Powell Avenue, tou'.h Side.
SIRMI 4. HAM, ALA
CAROLINA PORTLAND CEMENT CO
BIRMINGHAM, ALABAMA.
"OLD DOMINION" Portland Cemer, "BREITENBURGEFI HERCULES"
Derrran Portl nd Cement, and all Hijjh-Grade Fire Bricks.
We can mikt Immediate c.eliveries on Fire brick.
READ THE AGE-HERALD-ALL THE NEWS