The Birmingham age-herald. [volume], September 24, 1903, Page 7, Image 7

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

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STOCK MU
Average i_ev.;i of Prices Ended
the Day Lower
SHAW’S MEASURE HELPS
Instead of Stimulating Any Buying,
However, Thiu Was Taken Advant
age of to 'Sell Stocks—Pro
fessionals Discouraged.
New York, September 23.—Trading in
stocks was more active today, al
though still dull, and the average level
of prices ended the day considerably!
lower than last night. There was no re
siliency to the market at any time and
the only pause in the downward tendency
was an occasional period of stagnation in
the dealings, 'the relief measure for the
money market announced by Secretary
Shaw was generally regarded in the finan
cial district as a good assurance against
money stringency this fall during the crop
moving period. But Instead of stimu
lating any buying of securities, this was
taken advantage of to sell stocks. This
fact following the demonstration of the
same tendency yesterday when United
States Steel had a short lived advance,
served to profoundly discourage the pro
fessional operators in stocks. The offer
by the secretary of the treasury to antic
ipate the redemption of the government
&s, which mature next February, offers so
clear an advantage to holders that there
can be little doubt of Its general accept
ance. The offer to pay the Interest to ma
turity now is a departure from the usual
custom of the department, which is to
exact a rebate for the unacerucd Interest.
The offer is therefore in effect a premium
for presenting the bonds for redemption.
The additional provision that state and
municipal bonds may be substituted for
such of the government 5s as are on de
posit to secure circulation, and the gov
ernment deposits with the banks, re
moves the only possible object for hold
ing tho bonds to maturity. Some stim
ulation of the demand for state and mu
nicipal bonds for the purpose of this sub
stitution, is also a probability which
would have the effect of stiffening the
general bond market in any period of
moderate confidence. But it proved pow
erless on today's market. Only $200,000
was deposited at the sub-treasury today
for transfer to New Orleans, compared
with yesterday’s $1,000,000. \
But this brings the total transfers to
thit point for the week thus far up to
$1*650,000, which is considerably in excess
of any full week’s transfers to that point
in more than two years past. Chicago ex
change also fell to par today, carrying
an intimation that the western demand
for currency, although belatgd on account
of the late corn and spring wheat crops,
is still to be reckoned with. Sterling ex
change continued firm and offers of cot
ton bills \tcre scarce. The principal weak
ness of trtie day was concentrated in a
few stocks. The weakness of Amalga
mated was attributed to pool liquidation,
thought to be prompted by the weak
ness of the metal in London and of
foreign copper securities.
New York Central continued to suffer
from the financial requirements to be
faced, although inspired assurance came
from the directors’ meeting today that
no attempt would be made to meet these
for several months yet. The Southern
railway stocks -were affected by unfavor
able criticism of the showing of earnings
in the annual report. Much selling of Bal
timore and Qhio and Pennsylvania was
attributed to Philadelphia and Pittsburg
account, supposed to ho due to the col
lapse of the consolidated Lake Superior
company, and the growing tendency to
ward recession in the iron and steel mar
kets. The cooler weather in the corn belt
and fears of frosts tonight, hurt the
grangers. The market closed heavy at
about the lowest. The weakness of Uni
ted States 2d 5s. which touched a new low
record of 72*6 was a weight upon the
general bond market. Total sales, par
value. $2,195,000. United States 5s advanced
*i per cent, the new 4s %, the 3s 1 per
cent, and the old 4s 1% per cent. The 2s
declined % per cent on the last call.
New York Stocks.
Open. High. r.nw. Close.
Atchison .. .. 65 65 54'/a 6414
Am. Sug. Refln.. I I 21% 1121/2 11034 112
B. and 0. 791/8 791.4 771 2 7734
Brook Rap Tran. 37 37'/s 363% 363s
Can. Pacific ....1211/2 12134 121 121
C. and 0. 301/2 30 ',% 293 a 293%
Copper . 4334 4334 41 '/4 41'4
Col. Fuel . 421-2 42'/2 42 42'%
File . 263a 267% 26'% 26'2
Ills. Central .130 130 12914 !29'/4
L. and N.IOM/2 1011% IOO'/2 101
Manhattan .13234 13234 13134 132
Mo. Pacific .... 90 90 89'/4 89'/4
M. K and T pfd. 38'% 38'2 373% 37’a
Metropolitan ....lll'/a 11134 111'/a I 1134
N. and W. 60'/4 60'/4 60 60
N. Y. Central ...I 17'2 ll7'/2 116 116
Pennsylvania 122 1223% 121 1211/4
People's Gas .... 93'/4 9314 923% 923%
Republic Steel .. 10'/a I O'/a 10 10
do pfd . 63 63 627£ 627%
Reading . 49 49 483% 48'2
Rock Island _ 26 26 25 253%
So. Pacific . 42'/2 42'/% 41'/a 41 '/a
So. Railway - 203% 203% 1934 1934
do pfd . 841/2 84'2 81 81'/a
St. Paul .1395% 1395% 13834 1387%
Tex. Pacific .... 2534 2534 25 2f,
T. C. and 1. 34 34 33'4 33%b
r. S. Steel . 173% 18 17'% 17’a
do pfd . 6734 68 67%% 67'%
Un. Pacific _ 73 73 72 72'/a
Wabash pfd _ 313% 3I»% 31 31
Western Union .. 821% 82'/% 82'/% 821%
Bonds.
TTnUed States refunding 2s. reg.109
United States refunding 2 ;. coupon.. 109'%
United States 3s, registered .109'%
United States 3s. coupon .109'2
United States new 4s, registered _135'%
United States new 4s, coupon.135'2
United States old 4s, registered.111'%
United States old 4s coupon.112'%
United States 5s, registered .102'2
United States 5S. coupon .1021/2
Southern Railway 5s .112',%
Mobile and Ohio col. tr. 4s. 90
Central of Georgia. 2d Inc. 27
Money on Call.
New York. September 2.1.—Money on
call steady at 2ifi2% per cent; closing bid,
2; offered. 2%; last loan. 214; time money,
dull and unchanged: sixty days. 5; ninety
days, 5W; six months, 0 per cent. Prime
COTHRAN & 80.
BANKERS . HNS . BROKERS
GROUND FLOOR, WOODWARD
BUILDING.
Member* New York Cotton Exchange,
New Orleans Cotton Exchange,
Chicago Board of Trade.
*
Cotton, Utocks, Grain and Provisions.
DIRECT PRIVATE WIRES
Mew York, New Orleans arid Chicago.
\
A. B. BAXTER & GO.. ING
Successors to MURPHY & CO,
Alabama National Bank Building.
Private Leased Wires Direct to New
York. New Orleans and Chicago.
COTTON, STOCKS & GRAIN.
New York Office—No. 61 Broadway.
Olfices In principal cities throughout the
South.
Write for our Market Manual and book
containing Instructions for traders.
Phone No. «42.
0TT0MARX&C0
BANKERS. AND BROKERS.
Mortgage Loans at 5 and 6 Per Cent.
Rooms 211-212 Woodward Building.
$100,000
TO LOAN ON SELECT
PROPERTY.
CALDWELL & WARD.
WHITE COMMISSION GOT
Successors to
SMITH-MAY COMPANY,
BROKERS,
Alabama National Bank Building.
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.- Phone 847.
Correspondents;
THE 0’D£LL COMMISSION CO
incorporated Capital S2Q0,000.00.
CINCINNATI, OHIO.
Largest Brokerage House In the World.
REAL ESTATE LOANS
We negotiate loans prompt
ly with the largest investing
trust company doing busi
ness in Birmingham.
The lowest available in
terest rates.
STEINER BROTHERS.
| mercantile pare, 6fii6% per cent; sterling
exchange firm, with actual business In
bankers’ bills at 4.86.55#4.85.G0 for demand
and at 4.82.65^ 4.82.60 for sixty days; post
ed rates* 4:83%(£T4.87%; commercial bills,
4.82.12; bar silver. 59c; Mexican dollars,
49%; government bonds irregular; railroad
bonds weak.
Treasury Statement.
Washington* September 23.—Today’s
treasury balances, exclusive of the gold
reserve, show: Available cash balance,
$238,586,085; gold. $110,335,568.
Clearings and Exchanges.
New Orleans. September 23.—Clearings,
$l,n25.175; New York exchange banks, par;
commercial, 15c per $1000 discount.
Memphis, September 22.—Clearings, $399,
051; balances, $49,430.
Virginia-Carolina Company.
Now York, September 23.—Virginia
Carolina Chemical company; closed, 19%;
preferred, 93.
Seaboard Air Line.
Baltimore. September 23.—Seaboard Air
Line, common, 18%(Til9%; preferred, 32%(§>
32%; bonds 4s, »6,4<f/76%.
Chicago 'Change.
Chicago. September 23.—Wheat ruled
weak; December closing 1*4 lower; corn
was steady, December %#*4c lower; oats
were strong. Vi#>%c higher. Provisions
closed from 5 to 15c lower.
The leading futures ranged as follows:
Wheat— Open. High. Low. Close.
Sept (new) 77*/4 77 Va 753/4 757/s
Dec (new) 787/s 783/4 77*/s 7734*
May . 803/4 803/4 79'/s 793a
Corn—
Sept . 481/2 48'/2 47*/4 47'/4
Dec. 47? a 48 47'/4 47*/2
May . 473 4 48'/a 473 a 47 Vz
Oats—
Sept . 37 37'/4 363/4 367'a
Dec. 373/4 383/8 373/4 377/s
May . 383/4 393s 383/4 38V4
| Pork
Sept .l2.97'/2 l2.97»/2 12.90 12.90
Oct.l3.07'/2 13.10 I 2.97'.'2 13.00
May .13.00 I 3.07 V2 12.95 l2.97'/2
Lard
Sept . 9.62''2 9.8212 9.62''2 9.82*/2
Oct.7.87'/2 7.90 7.62'/2 7.75
Jan. 7.021/2 7.07Vz 7.0 2Vz 7.02VZ
Short Ribs—
Sept . 9.35 9.35 9.30 9.30
Oct. 9.47* 2 9.471/2 9.35 9.40
Jan. 6.75 6.77'/2 6.70 6.70
Pash quotations were as follows:
Flour—Steady.
Y/beat—No. 2 red. 76#79c.
Corn—No. 2. 47%o: No. 2 yellow, 49%c.
Oats—White, 38#39%c.
Rye-No. 2. 54%#67%c.
Harley—Good feeding, 4S#50c; fair to
choice malting, 53#>59c.
Flax Seed—No. 1, 97c; No. 1 northwest
ern. $1.02.
Timothy Seed—Prime, $3.15.
Mess Pork—Per barrel, $12.90# 13.00.
Lard—Per 100 pounds. $9.75#9.80.
Short Ribs Sides—Loose, $9.60#9.25.
Dry Salted Shoulders—Boxed. 0%#(>3ic.
Short Clear Sides—Boxed, c.%#9*4.
Clover—Contract grade, $9.75#9.90.
Butter—Creamery, 16#16Vfc; dqiry, 14@
18 Vg.c.
Cheese—Strong. lOV^U^c.
Eggs—Steady, 18#19c.
The Metal Market.
New York. September 23.—Tin was low
er in London, spot declining 2s 6d to £118
5s. while futures were 5s lower at £118
15s. Locally, quiet at 26.75#27.00. Copper
was loweV in London; spot was down 12s
6d to £55 7s 6d, and futures closed at
£55 5s. Locally, quiet; lake 13.50; electroly
tic 13.50; casting 13.25# 13.37*4. Lead, dull
and unchanged at 4.50 in New York and
£11 2s Od in London. Spelter was quiet,,
at 6.00 in the local market; unchanged in
London at £21. Iron closed %at 50s Gd in
Glasgow and at 14s 7%d in Middlesboro.
Locally, there was a slow demand and
prices are a shade lower on southern. No.
1 foundry, northern, quoted at 17.00; No.
2 foundry, northern at 16.50; No. 1 foun
dry. southern and No. 1 foundry, south
ern soft, at 16.00.
For the beat whisky in
town go to W. R. McVay’s,
2120 Second avenue.
For Rent, No. 2107 Morris
ave.; 4 stories, cellar and ele
vator; on railroad. W. B.
Leedy & Co.
COTTON MARKET
DECIDEDLY WEAK
During the Downward March
There Was Profit Taking
RECEIPTS FOOLED TRADERS
Late Weakness Was Encouraged By
the Break of 44 Points for Septem
ber In New Orleans and By
Rumors of More Cotton.
New York. September 23.—After opening
steady at an advance of four points to a
decline of 3 points on early cables that
were a little better than expected, and
some buying by Interests who were ap
prehensive as to the effect of the con
tinued low temperatures, the cotton mar
ket turned very weak and fairly active. Of
course as prices worked downward there
were intervals of profit-taking by shorts
that Imparted pertods of steadiness and
brought about occasional rallies, but the
general tendency was downward and the
low point of the season was just before
the close, when the general list showed
net losses of 11 to 17 points. September,
which had sold as low as 11.11 in the early
afternoon, a net loss of twenty-eight
points, rallied before the close, being
finally 15 points lower. October also re
covered about a point toward the finish,
but the market was finally barely steady,
net 11 to 16 points lower. Sales were
estimated at 500,p00 bales. ■
The declining tendency was started by
the larger receipts which early prom
ised to equal ]ait year's, though the
actual figures fell short of that, being
about 32,693 bales, against 39,678 last year.
In addition to the heavier movement
which was expected to depress the south
ern spot markets, there was heavy sell
ing for the account of a former prominent
bull leader, and this was accompanied
by rumors that this*'party was unloading.
Selling orders were received also from
outside sources, and the decline was 'ac
celerated still further by the estimates
for tomorrow's receipts at leading points,
showing a full continued movement.
The late weakness was encouraged by
(ho break of 44 points for September in
New Orleans, and by rumors that from
26,000 to 30,000 bales of cotton were com
ing here by special train from the south
for delivery on September contracts.
New York. September 23.—Cotton quiet;
middling 11.50; gross receipts 3474; sales
706; stock 92,476.
Total today, net receipts 32,815, exports
continent 16,232; stock 241.538.
Consolidated, net receipts 128.406; ex
ports Great Britain 14,339; France 1200;
contient 20,480.
Total since September 1. net receipts
277,953; exports Great Britain 39,325;
France 11,236; continent 62,184.
The New Orleans Cotton Market.
New Orleans, September 23.—The de
mand for spot cotton continues to in
crease from day to day and prices de
clining. Sales 2900 bales Including 1750 to
arrive. Quotations reduced % by the ex
change committee. In the future market
the bears were again in control and ham
mered the market down ut their pb as
; ure. The country, it Is stated, is still of
' ferlng cotton slightly below quotations,
I consequently are assisting the bears in
■ sending prices down. At the opening Sep
tember was 9 points lower and the bal
ance of the list unchanged to 3 points
lower. The trend of prices was down
ward, the market closing within a point
or two of the lowest level of the day. The
net losses were September 46 points, Oc
tober 17 and the other positions 9 points
each.
New Orleans. September 23.—Cotton fu
tures steady. September 9.98f§)10c; Octob
er 9.46<h9.47; November 9.37<h9.38; Decem
ber 9.36^79.37; aJnuary 9.39®9.40; Feb
ruary 9.10(fi9.42; March 9.46@9.46.
New Orleans. September 23.—Cotton
steady,, sales 2900. Ordinary 7 9-16; good
ordinary 8%; low middling 9%: middling
I 10*4; good middling 10 7-16; middling fair
j 10 13-16; receipts 7173; stock 28.193.
Daily Statement.
Galveston—Quiet; middling, 10%; sales,
1(500; receipts, 12.712; stock, 40,344.
Mobile—Weak; middling, 10%; sales, 1200;
receipts, 732; stock. 8440.
Savannah—Quiet; middling. 10%; sales,
795; receipts, (5091; stock. 39,473.
Charleston—Quiet; middling, 10%; re
ceipts- 1(517; stock. 6050.
Wilmington—Dull; middling, 10.62; re
ceipts, 1754; stock. 16.470.
Norfolk—Steady; middling, 31; sales, 814;
receipts, 31,133; stock. 62C9.
Baltimore—Nominal; middling 11%; re
ceipts. 800; stock, 2573.
Boston—Steady; middling. 11.GO; net re
ceipts. 11; gross. 1441.
Philadelphia—Quiet; middling, 11.75; stock,
lose.
St. Louis—Middling, 107s,' receipts, 12;
stock, 710.
Memphis—Quiet: middling. 10%; receipts,
188; shipments, 100; sales, 175; stock, 2335.
Liverpool Market.
Liverpool. September 23.—Cotton, spot,
moderate business done; prices four points
lower. American middling fair, 7.08; good
middling, 6.86; middling. 6.36; low mid
dling, 6.10; good ordinary, 5.(58; ordinary,
5.48.
The sales of the day were 5000 bales,
of which 1000 were for speculation and
export, and included 4400 American.
Receipts 4000 bales. Including 400 Ameri
can. Futures opened find closed quiet;
American middling, g. o. c. September,
5.58; September-October, 5.50<ft5.51; October
November, 5.27; November-December, 5.19;
December-January. 5.16; January-Febru
ary, 5.14; February-March, 5.13; March
April, 5.12(^5.13; April-May, 5.12.
Baxter & C0/9 Cotton Letter.
New York, September 23.—The weather
today was again very fine and the move
ment was very full nevertheless the crop
is making no such headway as looked for.
In fact, we fall to hear any reports at all
as to benefit from the big rains of last
week in the Atlantic/states, In which
bears laid great stress and predicted an
other nearly wonderful revival in the
crop. It is now calculated that September
may bring 700,000 bales into sight but
even then the figures will be 500,000 behind
last year and killing frost is bound to
come in a few weeks.
It looks as if the crop canot be more
than a small one at all event, not over
what the world will require. The market
opened 1 to- 2 lower for distant months
and 1 to 3 higher for the near months
bbt quickly eased off sharply on rather
large offerings. Support was not forth
coming as was expected. In fact, unset
tfed conditions in Wall street were hav
ing greater influence than the crop equ
ation. The probabilities were for colder
weather tonight and tomorrow In Texas
and territories and this made sellers cau
tious. The Liverpool was 4 to 7 points
lower. Interior receipts were running
pretty free and Texas towns were re
ported on the whole a very small move
ment. Estimate ports today 38,000.
Cothrai « Co.’e Cotton Letter.
By Gilbert & Clay.
New York, September 23.—The cotton
that was accumulated around 10 and 10Vs j
cents month ago. has been coming on the
market this week. Brokers supposed to
he operating for Mr. Sully have been
selling steadily and It looks as though
the people holding the cotton were tired.
This has had a had Influence on senti
ment, and Is likely to have serious re
sults on the trade. The market is com
pelled to absorb not only the rotton now
coming from the south, but all the spec
ulatively held stuff. As soon as Kurope
learns that this rotton has been thrown
overboard, and the south knows about
It. we may have more selling of the same
kind. Sentiment is quite apt to he ad
versely Influenced. For this reason many
who would ordlnarllj
lng nothing. Crop news Is very bad.
If it were not for the unsatisfactory
conditions outside the cotton situation,
we would be Inclined to express some very
bullish Ideas on the cotton market. But
this is just the season of the year when
the utmost conservatism should prevail.
It may he that the erop will he much be
low requirements and yet we can have
a serious break between lids and the
new year. As we stated last week, fac
tors are more perplexing than for months.
The crop is not doing well enough to
make the trade bearish and yet all out
side factors are against bull speculation.
What Is to he doup under the circum
stances? Prices are now around f»4c and
a long interest that was a menace to the
market has been in part If not in great
measure liquidated.
The erop Is not out of danger from frost
and the supply of cotton is small. On the
other hand, there Is increasing dally a
weak stork market and a declining steel
Industry, which are not favoring factors.
It looks very much as (hough the mar
ket would work lower. There Is no snap,
no inducement to buy.' We would con
tinue a very cautious policy on either
side. It does not look as though the bot
tom would imp out just yet.
New York Cotton Futures.
Open. High. how. Ciosa,
January . 9.65 9.65 9.50 9.52
February. 9 52
March . 9.62 9.63 9.50 9.52
April. 9 54
May . 9.68 9.63 9.57 9.57
June . 9,57
July . 9.57
September .11,42 11.42 II. I I II.?*
October . 9.83 9.85 9.64 9.87
November. 9.68 9.68 9.53 9.56
December , ■ _ 9,68 9.68 9.'63 9.54
Tno Coffee Market.
New York, September 23.—Coffee, spot
Rio Steady; No. 7 invoice 5%; mild quiet.
Coffee futures opened steady unchanged
to 5 points higher and ruled generally
steady to firm under fairly active cover
ing and a scattering outside demand.
Closed steady, net 5 to 10 points higher.
Sales 31,500. September 4.40; October 4.40;
November 4.50(94.55; December 4.75(94.80;
January 4.90; March 5.00(95.10; May 5.20;,
June 5.25; July 5.30@5.35.
The Live Stock Market.
Chicago, September 23.—Cattle receipts
17.000, including 1000 Texans. Three thous
and westerns. Market 10@ 15 cents high
er. Good to prime steers $5.50(90-10; poor
to medium $3.90(95,20; Stockers and feed
ers $2.40(94.20; cows $1.40(94.50; heifers
$2.00(96.00; eanners $1.4(892.70; bulls $2.OOP
4.75; calves $3.50(97.40; Texas fed steers
$2.S5(&4.40; western steers $3.25(94.50.
Hog receipts 25,000. Market 10(920 cents
lower. Good to choice heavy $5.90@6.20;
light $5.80(90.40; bulk $5.75(90.05.
Sheep receipts 28,000, steady to 10 cents
lower.. Good to choice wethers $3.40(94.25;
fair to choice mixed $2.25(93.25; western
sheep $2.75(94.25: native lambs $3.50(95.,50;
western lambs $3.75(95.50.
Cotton Seed Oil.
New York, September 23.—Cotton seed
oil steady, prime yellow 41%. Petroleum
steady. Rosin firm. Turpentine quiet.
Memphis, September 23.—Cotton seed oil
oar load lots per gallon, prime crude nom
inal; off crude 20(927; prime summer yel
low' 29(934; off summer yellow nominal;
choice cooking summer yellow less than
ear load lots nominal; cotton seed meal
prime, 20.50; cotton seed cake 20.50.
New Orleans. September 23.—Cotton seed
oils prime refined in barrels. 42%: off re
fined in barrels, 37; prime crude loose 36.
Naval Stores.
Savannah, September 23.—Turpentine
steady, 57; sales 1023. Rosin firm, re
ceipts 997; sales 464; exports 3470. A, B,
C. 1.80; D, 195; E, 205; E, 215; G. 225; II,
260; l. 320; K, 315: M. 370; N. 370; window
glass 385; water white 400.
Charleston, S. C., September 23.—Tur
pentine nominal. Rosin steady. A. B, C,
175: D, 185; E, 19Q; F. 195; G. 200; H, 245;
f. .‘{00; K. 335; M. 340; N. 345: window glass
366; water white 380.
Wilmington, September 23.—Turpentine
nothing doing; receip/ts 27 casks. Rosin
steady, 180 and 185; receipts S7. Tar firm
180; receipts 35. Crude turpentine firm
I 200 , 380 and 380; receipts 50.
J LOCAL MARKETS,
Local cotton closed slightly off yester
day afternoon. Good midling is quoted at
10V4; strict midling IoVm; middling 10; strict
low middling 9%; low middling 9*£c. The
market continues quiet. Farmers are not
bringing their cotton into town in very
large quantities. A disposition to wait for
better prices is evident.
Stocks and bonds closed steady and
unchanged. There is very little doing in
local securities.
No changes are reported in staple gro
ceries. All prices are steady. Feed stuff
is moving easily with a good demand.
Morris avenue seems to have entirely re
covered from the summer dullness. The
street presents a busy appearance all dur
ing tile day and dealers are kept busy
filling the numerous orders. Fruits of va
rious kinds are arriving in the greatest
abundance. New stocks of fancy apples
are now on sale. The shipments are
rather limited and the fruit sells readily
at $4 to $4.25 per barrel. New apples are
$2 to $3 per barrel. Grapes are plentiful
at several places but the prices are un
changed. There is a brisk demand for
this line at present and dealers have to
difficulty in disposing of their stocks.
Fancy fruits from California aro arriv
ing almost daily. These shipments include
peaches, a few oranges, and other varie
ties. Pineapples are selling for $2.75 to $3
per box.
The activity in potatoes la marked.
Sweet potatoes are quoted at $2.50 to $2.75
per barrel. Irish potatoes are steady at
85 to 90 cents per bushel.
Poultry is rather lively Just at pres
ent. The fowls were much in evidence
along the avenue yesterday but no
changes in prices are noted. Best fryers
avo selling for 30 cents; medium 20 to 25
cents; small 15 to 18 cents; bens 25 to 30
cents. Eggs are steady at 20 to 21 cents
per dozen.
Butter is easy, with all quotations firm.
Lera! Cotto**' Market.
Corrected Daily by W. D. Nesbit & Co.
Good middling .10*4
Strict middling.1014
Middling.10
Strict low middling.9:34
Low middling.91^
Local Iron ■Varket.
IF .512.50
?F .12.00
3F .11.50
4F .11.00
Grey Forge .10.75
IS .12.60
2S . 12.00
Mottled.i. 10.50
Local Securities.
Corrected by Caldwell & Ward.
Stocks.
Bid. ASK*'!
Ala. Consolidated, com. 24 30
Ala. Consolidated, pfd .* 70 75
Ala. National Bank ..115 120
Ala. Steel & Ship Bldg., pfd. 80 90
Ala. Steel & Wire com.DO
Ala- Steel & Wire. Dfd.zi 000
Ala. Trust and Savings Co....U i
Ala, Trust and Savings Bank.110 116
Avondale Cotton Mills .90 96
Avondale Land Co. 65 80
Auditorium .20 36
B’ham Trust & Savings. Co....155 160
B’ham Jce Factory Co.115 135
B’ham Realty, com.65 75
B’ham Realty, pfd. 60 66
B’l'.am R., L. Sc P., com. 88 91
B’ham R., I,. & P. pfd.105 107
Bessemer Land and Imp. Co.... 28 32
Dtmmlck Pipe Co.155 165
East Lake Land Co. 30 50
Ensley Co .800 600 j
Ensley Land Co., new.60 100
Ensley Land Co., old. I *
First National Bank .300 825
Georgia Ry. and Elec., com.... 28 3t
Georgia Ry. and Elec., pfd.76 78
Gray & Dudley Hardware Co....107 110
Hotel Hillman . 60 60
Jefferson County Sav. Bank...115 12i
Martin Cracker Co.125 140
Nashville Railway, common— 28 30
Nashville Railway, preferred— 65 67
North Birmingham Land Co.... 26 Jo
People’s Savings Rafik ....110 Us
Republic Steel, com. 9 11
Republic Steel, pfd.61 66
Roberts Sr Son., Inc. HO 150
Sloss-Sneffleld, com. 29 82
SI s-SheflJeld. pfl.80 85
Tennessee Coal and Iron . 33 35
Bonds.
Ala. Consolidated ...... .......... 90 100
Ala. Steel and Shipbuilding ... 93 98
Alabama State Bonds
Class A.103 105
Class B.103 105
Class C .100 102
Funded 4s . 107 110
B’ham Realty, mort. 96 98
B’ham Realty, prior liens.97 100
B’ham Ry.. L. & P. Co.100 108
B’ham Ry. & Elec. Co...105 108
B’ham Water Works Co.108 112
City of Birmingham 5s . 98 104 1
fclty cf Birmingham 6s .108 U3 I
Continental Gin Co.... 80 87
Country Club 6a . 100
Georgia R. and Elec. Co.97 100
Jefferson County Bonds—
Four and a half.100 10S
Fives .102 109
Sixes .110 114
Southern Club 6s. 75 85
Sloss I. and S., first mort.106 108
Sloss I. and S.. ge*\ mort.SO 87
Tennessee Coal and Iron:
General mortgage.S9 91
Tennessee Dlv......102 104
Birmingham D’.103 107
Cahaba Coal Div.100 105
Debardelebcn 1 iv.99 101
Williamson Iron Co. 46 80
Local Staple Grocer lee.
Apples—Western evaporated.
Flour—Fancy petent, $4.80; half patent,
$4.50.
Sugar—Granulated, 5%c; Y. C., 4*\c.
Coffee—Green. 7%©9%c, Arbuckle’S.
packages, $10.90; Lion packages. $10.30;
Cordova packages. $10.30; Porto Rico,
$10.90.
Meats—Dry salted ribs, lOUe; dry salted
rib bellies, 11%; hams, fancy, 14%c; me
dium, 13c; extra clears, 10%c.
Lard—Leaf, 10%c. •
Compound Lard—Snowdrift. 7%c.
Molasses -- Centrifugal, i5<bsoc; sugar
house. 40c; Georgia cane. 36c.
Beans—Navy. $2.60 per bushel* Lima. QQ
4V»c per pound.
Pearl Grits—12 lbs.. $1.65.
Feed Stuff.
Meal—Bolted, $1.20; water ground, $1.25.
Hay—Per ton, timothy No. It $18; clo
ver, mixed, $16.50; pralrla. $13.00; Johnson
grass, $14.
Corn—Mixed, 70c; white. 78c.
Cotton Seed Meal—Per ton. $22; Hulls,
per ton, $7.50.
Brnn—Pure wheat, $21; shorts, $23;
hnmlny feed. $21.00.
Oats—White, 48c; mixed, 47c.
Fruit and Produce*
(Corrected dally by C. P. Bell & Co., 2018
Morris avenue.)
Oranges—Per box, $4 to $4.50.
Grapes—Northern Concord, 8 lb baskets,
, 25c; northern Concord. 4 lb baskets, 17c;
Delaware, 8 pound baskets, 40c.
Lemons—Per box, extra choice, $3.25®
j 3.75; fancy. $4.
Limes—Per 100. 75c®$l.
Limes—Per crate, $3.00@3.25.
Banana*-Per hi neb. cull* **043736,
!•' lights. St T 71.50.
Punches—California, $1.35 per 20-pound
box.
Kelfer Pears—Per barrel. $2.50672.75.
Pears—California Bartlett, $3.00 to $3.25
per 40-pound box.
Pineapples—rer crate, $2.75673.00.
Plums—California, $2 per 25-pound oox.
New Apples—Per barrel, $2(03; fancy
* northern stock, $4.00614.25.
Cantaloupes—Missouri, per crate, $2; per
basket, 60c.
Cocoa nuts—Per bag. $3.25.
Cranberries—Per box, $2.50.
Watermelons—6 to 12c each.
Cabbage—Virginia grown, per lb., 1’yO
to 1%.
Cucumbers—75c to )1 per crate.
Tomatoes—Alabam . per bushel, 00 to
75c.
Green Beans—Per bushel, $1.25.
Peanuts—Fancy, per pound. 6c; No. 2,
5c.
Pecans—Per pound. 10c.
English Walnuts—Per pound. 15c.
Raisins—Per box. 11.70.
Irish Potatoes—Per bushel. 85®90c.
Sweet Potatoes—Per barrel, $2.6G®2.?5. |
Onions—Per pound, new northern, 2c.
I Ima Rears >ntut. fin.
Peas—Black and gray eyed, per bushel,
$2.00.
Ndvy Benn1*- p#»r bushel. $? 7*
Poultry—Best fryers, 30c; hedium, 20®
25e; small. 15@18o; hens, 25®30c.
Butter—Best Elgin. 25c; best country,
15®18c; rooking, 8®10r: Jersey. 18®20&
Eggs—Fresh, 20 to 21c.
Honey—in comb. l(J®12V4c; strained, 8®
l 10c.
' *
Wo continue to soli Swift’s
lard at reduced prices. A. &
P. Tea Co.
AMERICAN DISTRICT
TELEGRAPH COMPANY
Main Office With Western Union T( ••
graph Company.
RELIALLE MESSENGERS
Furnished tor any purpose. Notes and
Packages promptly delivered,
ones 19, Either Company.
BUSINESS CONFIDENTIAL.
ED. L. WILLIAMS ManacilP
Ewer^ Wsmafl
is interested and should know
about the wonderful
MARVfL Whirling Spray
The n*‘W Vaplnal Kyrlase. lpjtO»
Hun and -Suction. Best Saf.
u-M oet Convenient, |
It (Im«w» Imunll;,
yonr drsgr’iat for It.
ll he cannot supply the
.15 A K%‘ KLr uceept no
other, butsend stump for
illustrated hook—*• sit'd It (rives
full particulars and directions in*
valuable to ladies. >nnvu,( 0.,
limes lilUk . .\e»% lurk.
for sal:: by
Doater-Northlngtor Drug Co.. 109 20th sL
Collier Drug Co., 2012 1- ave.
E. B. Norton. 2d ave. and 20th at.
TAKE
»tn Cotas to I«ua ana tte Woo,
Wit's C. ti. Moigau. traveling pa*s*A
Ctr agent. Birmingham, Ala., for full la*
formation as to rates, schedules, eto.
K. r. TURNER, U. F. Dallas. Tas.
I A .
CONDENSED REPORT TO COMP'ROLLER
TheFIRST NATIONAL BANK of Birmingham, Ala
SEPTEMBER 9TH, 1903. _
RESOURCES.
Loans and discounts.... $3,538,192.14
Overdrafts. 483.01
U. S. bonds and premiums 368,000.00
Jefferson county bonds... 45,000.00
Other stocks and bonus.. 11,300.00
Hank building. 51,000.u0
CASH
In vaults.$ 470,939.48
With banks .. 1,321,107.55
With U. S.
Treasurer . 18,554.40
$1,810,601.43
$5,824,576.53
LIABILITIES.
Capital stock.¥ 300,000.03
Surplus and profits. 370,113,13
Reserved tor taxes. 5,028.4a
Circulation . 3OO,G0U.QC
DEPOSITS.
Individual .. ¥4,282,738.66
Bank . 616,636.29
nited States. 50,000.00
$4,849,434.9:
¥5,824,576.58
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, B. F. Moore, E. M. Tutwiler, W. S. Brown,
J. H. Woodward, William A. Walker, F. D. IJabers, C. H Molton, Robert
Jemison, Crskine Ramsay, W. H. Hassinger, Walker Percy, e. M. Jackson,
J. H. Barr, Vice-President; W. P. G. Harding, President.__ _
Southern Rail wav Co.
Schedule in Effect May 24, 1903.
Trains leave Birmingham as follows:
€:10 a. m.-No. 33, for Atlanta, Wash
ington, Baltimore, Philadel
phia. New Tork and the *-ust.
Pullman Drawing Boom
Sleeping Car. Birmingham to
New York. Dining cars.
1:20 a. m.-No. 19 for Montevallo, Ma
plesvllle, Selma and way sta
tions.
12:25 p. m.-No. 35 for Columbus. West
Point. Winona. Greenwood
and Greenville; nlsc Sheffield
and Florence and North Ala
bama points.
3:40 p. m.-No. 15. new train, for Cor
dov^, Oakman. Corona and
way stations. Also Blossburg.
• :46 p. m.-No. 22 for Anniston nnU war
stations: also Talladega.
4:10 p. m. -No. 8G for Atlanta Jackson
ville and all Florida points;
also Charlotte. Richmond,
Washington, New York nd
the East Pullman Sleeping
Car Birmingham to Jackson
ville: also Birmingham to
Richmond. Va.
10:20 p. m.-No 37 mr Columbus. West
Point. Winona. Greenwood
and Greenville Pull .in
Drawing Room Sleepi -c Car
Birmingham to Greenville.
10:35 p. m.—No 21 for Selma. Mobile and
way stations. Pullman Draw
lng Room Sleeping Car Bir
mingham *to Mobile.
11:80 p. m.—No. 08—New train—for Atlan
ta, Anniston and wnv sta
tions. Pullman Drawing
Room Sleeping Car Birming
ham to Atlanta. Sleeping car
can be occupied nt Union sta
tion 9:30 p. m.
For detailed Information nnd sleeping
car reservations apply nneseng->r office.
Morris Hotel building Telephone CM
J. C. DT7ST< P1st Pa«« Agenk
BIRMINGHAM AND ATLANTIC R. R.
Schedule Effective November 9. 1902.
Read Down. Read Dp.
No. L No 3. No. 2. No. 4.
a.m. p.m. a.m. p.m.
7:10 8:40 Lv_Talladega....Ar 10:25 0:58
8:35 5:03 Ar.Pell City.Lv 9:00 5:35
10:00 9:56 Ar.. Birmingham...Lv 6:10 8:45
Trains run dally. Oul?cest route bo
tv een Talladega. Birmingham and west
ern points.
Ship your freight via Blrmlngnam and
Atlantic railroad.
J. F. FLEETWOOD. <5. F, 4 K it
John C. Holey. General Manager.
, ARROLLTON SHORT LINE RAH,
WAY COMPANY,
To Carrollton and Stansel. Ala., via
Reform, Ala.
No. 2. No. L
11.00 am Leave Carrollton...Arrive 4:05 pro
11:20 am Leave Stansel.Arrive 3:45 pro
11:40 am Arrive Reform.Leave 8:25 piu
JOHN T. COCHRAN ID,
Pres, and Gen l Manager,
Carrollton. Ala.
MONEY ORDERS
lor all your Jmall Remittances, by mail or
otherwise.
Sold on all points in (he United States,
Canada, and on Havana, Cuba.
CHEAP AND CONVENIENT.
NO APPLICATION REQUIRED
A receipt is given and money will be re
funded if order is lost.
Sold at all agencies of the Southern Kx
press Company at all reasonable hours.
RATES ARE Aft FOLLOWS;
CENT* CENTS
Notover ft *3.50 8 I Not otor 9103.50 ..88
44 5.00 5 1 105.00 .85
44 10.00 8 “ 110.00.88
44 moo 1() “ I 30.00 40
44 80.00.12 “ 180.00.12
44 40.00 15 »k I 10.00...4 5
4i 50.00 .18 44 150.00 18
44 00.00 20 ‘ 100.00.50
44 75.00 25 “ 17 5.00...55
44 100.00 80 200.00 80
SHIP YOUR GOODS
BY THE •
SOUTHERN EXPRESS COMPANY
which operates on 27,000 miles of first-class
railroads, with connections with other com
panies, to all points accessible by express*
IFYOU ARE OGINQ
NORTH
OR
NORTHWEST
TRAVEL VIA
THE EVANSVILLE ROUTE
e. & r. h. m c. & e. i.
The best equipped and most direct
line to Chicago aud ail points reached
via Chicago.
inquiries regarding rates, time, etc ,
addressed to repre entailves given be
low will recti > -ompt and courteous
attention.
F. P. JET.-:'1 . 8. L. ROGERS.
G. P. & I. A., Gen’l Agent,
Evanevilte, Ind. ,Nashville, Tenn.
BRUCE JEFFRIES, T , P. A„
Atlan t. tda .
All kinds ot juts Age Herald
graving Department.
RAILWAY SCHEDULE!
In Effect june 14, 1903.
Arrival and departure of all tralna at
Union Passenger Station, Birmingham.
Ala.
L. & N.—North.
| AP‘!vf* ' prea-4
•No. 2. Fast MaII. N. O. .112:10 pm!12:25 pm
•No. 4. Fast Mali. N. O..! 9:07 pmf 0:1'. rra
fNo. 8. Decatur Acrom..|.,.| 5:00pm
I No. 10, Montg’y Ac'm.j 7:45 pm|.
South.
| A reive ; Pena - •
•Vo Mail cin i sam’ 8:83 am
INo. 7. Prcatnr Aooom..f 9:25 am-.
•No, 8. Post MaH. Cfn_f 3:25 nml 3 48 pm
INo. 9. to Mont^romorv...|.| 6:25 am
¥rMINGH AM MlNP RAL—North.
f ArM”«
•No. 49. Plnrtnn AcrornpaodaMoo *1 * 4s
• No 42 Fn«t Mall. Rlnpfon.1 7:03 pro
'No 45 Altoonn Acrom .J 9-55 am
INo. 102. Plopfon Acrom.j 6:20 pm
outh,
IT''''"-' * *
•No 41 to Plocton.f fc:aa am
•Vo 43 fr> TUrv*t « ; •• ,
INo. 44 Altoona Accnm..\ 2-55 pm
'No 101 Rh'cfnn Acre i .j grp
A G. 3.—North.
1 A ref vr » P«n-U'*
‘Vo 2. fast Men V n ' 5-IOflnl r*4" *m
•No. 4. Fan-Am. 1 <*ifyi'p.-n
•No. 6. Chattanooga Ap. .'1° ^ rmi 4-46 nm
•No. 8. Meridian Acrom 111 nml..
^orfKi
1 ,4 rrf V * • f - ►> n r * '
•No. i. from Clnchu •
•No. 8 Pan-Am Special. .110*19 nmM0M3 r*-i
•No. fi. Meridian Acrom,. '12:45 nm' 4:89 rim
•No 7 Meridian Acrom. J 1 IT*45 am
SO. RY NORTH AMP PART.
I Arrive | popart
•No tfl Corona a oooto. .110:15 am!..
•No 29. Mali and Fx. I (
from Selma.| 9-no pm!.*
•No. 2° Frnrese ..f 5:20 ami.
•No. 22. Anniston Aecom I.I 3:45 pm
•No. *6 Mall nr.d Ft _I 4-no nm! 4-F rm
•No. 38. Mall and Fx_I 5:30 ami n:ie nm
No. 98. Fait Mail .|.111*30 rm
SO. RY. SOUTH AMD WEST.
| Arrive I Depart
•No. IS. Corona A room,.. |.| 3:40 pm
•No. 10. Mnll und Flic. | |
♦» Srlmw .|.| 9:20 nm
•No. 2t. Arm tat on Aooom.l 9.S9 ami.
‘No. 21, Rtp.-obb .I.Ili'::!'r,ni
•No. 3V Mnll nnrl Ri am|12.25 pm
•No. 37. Fnnf Mnll.I 9.SB nml10:20 pm
No. 97. Fant Mall .I5:20aml.. ' f
FRISCO SYSTEM.
K., C. INI. U n.—East.
i i/ArrW*.
•No. 20* r utheastern Limit -d...} 8:P5 pm
I *No. 203. New York Flxpress.| 5:40 am
•No. 201. Winfield Acnom.|10:0< am
Fast Line to vanoa City.
Woct
JHepart,
No. ?0f3, Southeastern Limited...{12:30 pm
•No. 2^4. New York ICsoress .{lo..*; P j
•No. 210. Winfield Aecom.f 4:30 pin
CENTRAL Or GEORGrA^Eait
I Depart.
•No. 2, to Macon ....,j ti.40 am
•No. 4, to Savannah.i t.yg
West
f Arrlva.
•No. 1. from Macon ...,.| 8:45 pna
•No. 3. from Savannah .*>:*»
Trains mnrkrd thus (*) are dally: thus
(!) dully except Sunday. AH trains run by
central time.
Effective January 4. 1903.
EASTBUtJND.
j No. 2. | No. *
| Dally. | Dally
Lv Birmingham .| 0:40 nml 4:00 pm
Ar Chlklersburg .j 8:’0am| 5:3! nm
Ar Bylacauga .I 8:43 ami 5:50 pm
Ar Talladega .[12:43 nml..
Ar Anrflston .I 2:05 pmj.
Ar OoodwaTor ..!..[ 9::’2 ami 8:24 pm
Ar Alexander City .j 9:37 am: 6:50 pm
Ar Dadevllle ....|10;?2 amj 7:20 pm
Ar Camp Hill .110:51 ami 7:40 nm
Ar Opellkn .|11:Kj atnj 4:25 pm
Ar Columbue .|12:S5 pm| 9:23 pm
A r Fort Valley . I 3: !P piiST! 1 m
Ar Macon ........ .| 4:15 pmi!2:40 am
Ar Amerleua lex. Sun.)...| 7:00 pn,ill mi am
Ar Amerleua. via Fort | |
Valley .110:05. pm! 3:10 am
Ar Alhany .|11:1fl pml 7:11, am
Ar Augusta .....| 5:4. am
Ar Savannah .I....| 7:00 am
-AltRIVALlS '
No. 1. from Macon. Albany. Columbus.
Opelika. Amerlous. etc.. S:45 p. m
No. 3. from Savannah. Augusta. Macon.
Columbus, etc.. 12:21) p. m.
Eiegfint through sleepers between Bir
mingham. Columbus. Macon and Savan
nah f»n Nos. 3 and 4.
Connection Is made at Savannah with
the fust freight and luxurious passenger
uteninships of the Savannah Lino from
end to New York Boston end the east.
For more detailed Information, beauti
fully-illustrated matter write or apply to
JOHN W. BLOUNT. Traveling Passenger
Agent.
It. tv. Ll'CKETT. Union Ticket Agent,
Birmingham, Ala.
J. C. HAILE. General Passenger Agent.
F. J. ROBINSON Aral. Gen. Pass. Agent.
W. A WTNBURN. Vice President and
Traffic Manager.
THEODORE D. KLINE. Cent Bupt..
Savannah, ill
Atlantic Coast Line.
No. .10. No. 58.
Lv P'linm (L. and N.L.. 8:56 pm
Lv lyoil r G Tie ry . 7:00 am 7:45 pm
Ar Troy .S" n.«s -,m
Ar Ozark .m-R5 nm
Ar Dothan .IDrtdnm 12:01 nm
Ar Tbomasvllle .2:10 nm 3:15 am
Ar Waycrnsa .6:2'pm »i15 am
Ar Jacksonville .9:90 pm 9:00 am
Ar Tarnpa . 8:1) am 10:00 pm
Ar Savannah .9"30 pm 9:35 am
Ar Charleston .6:25 am 6:25 pm
Through Pullman sleep.. Birmingham
to Jacksonville via Montgomery.
J. A. Taylor. T P. A., Monftvmery. Ala.
W. H. Leahy. D. P. A., Savannah, Os.
W. H. Craig, G. P. A.. Wilmington.N.U.