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STOCKS DEVELOP '
GREAT ANIMATIOII Renewed Strength Brings Dis tress to Short Interests THE DEALINGS ARE HEAVY Strength for the First Part of the Day la Confined to a Few Special Stocks Interrupted By Profit Taking. New York, December 3.—The stopk mar ket broke into great animation today and developed considerable strength with obi vious distress on the part of the shorj. interest. The volume of dealings rose td the neighborhood of a million shares. The activity was progressive, the early part of the day being given over to. in* termittent buying movements within the intervals of extreme dullness. ;The strength of the first part of the day was also confined to a few special stocks and w'as interrupted by occasional selling movements to take profits, even in thhse stocks. There was a considerable num ber of the stocks of the first prominence ; which did not come into the upward movement at all. Nearly all of the west- 1 ern stocks were laggards until late In the day and the cotton carrying roads had no share In the day’s activity and strength. Even the movement in Penn sylvania, which became of decisive in fluence. was late in developing and that stock was one of the mahy which was below last night in the early reaction. The few industrials which spurted up wards in a sensational manner in the clos ing dealings yesterday, were inclined to reaction on profit takig. Colorado Fuel lost two full points, as the report of an intended bond issue, which was offered to explain yesterday’s rise, did not seem to promise well for the common stock. Sugar lost a point on profit taking, and Amalgamated Copper W'as a fraction be low last night at one time. The exten sive advertising of predictions of an#ad* vance in Amalgamated Copper aroused some suspicion, but the stook came into the late upward movement. Canadian Pacific suffered from the report of a new Issue of capital. Notwithstanding these drawbacks, the upward movement of prices gathered momentum and volume as the day proceeded, and wras effective in alarming a more important short In terest than has yet been reached since the turn from the extreme depression of the market. The Cannes or the advance were rather obscure, but vague assertions were freely circulated of a large and determined absorption of stocks by the various groups of great capitalists and banks which make up the dominant factors in the market. '2n5i. Ht""din» rumor of an adjust ment of the dispute between the Goulds and Pennsylvania Interests fed eagerly on the report that counsel for the West ern Union and the Pennsylvania had rormed an agreement that no more West ern Union poles should he cut. pending a Judicial decision of the case In cohtl-o ve.rsy. The coalers seemed benefited by the weather but reported Interruption of traffic from the same cause was Ignored. The New York tractions were In fact conspicuous in the advance. Brooklyn Transit being one of the leaders of the movement. Rumors of recent takings of this stock, looking to a consolidation with tha traotlon interests of Manhattan Island ■trengthened the Brooklyn project. Opin ions were heard that the worn of the reaction In Iron and steel had been seen, with good hopes of Improvement. Call money was loaned again as high as 71 a per cent, and the movement of currency to New Orleans continues. But addi tional engagements of gold in London, both for Boston and New York account, offered the Assurance that actual neces sities can be provided for. The decreaso la value of Imports at New York for No vember of upwards of $7,000,000 Is an In dex of the favorable tendency of our foreign trade in its bearing on the money situation. The government's estimate oil cotton in the reduced amount of the crop indicated is scarcely capable of so fav orable an interpretation, but the prevail ing mood of the stock exchange was bullish and all contrary- influences were Ignofed. Bonds were Irregular. Total sales, pur value, #4.8fW,n0f>. United States bonds un changed on the last call. New York Stocks. Op*n. Ifl&rh. f.’-isiw Atchison . 67 68Vs 667/s 68 •% Am. Sug. Refin.. 124'/* 125'* 124*4 l25'/s B. and 0. 77'/* 78*8 77 78*4 Brk. Rap Tran.. 41'/* 45'/s 41 * 'a 44*a C«n. Paelflc ....118'/* 118*4 117 118*4 C. and 0. 31'/a 3174 31 3174 Copper .40'/* 41*4 40'* 41*4 . Col. Fuel . 29 29 26*4 27*4 Brie . 27'/* 28'/4 27*4 28 Ills. Central ....129*4 130*4 12914 13014 L. and N.106'* 107 106 107 ? Manhattan .139'/* 140'/* 139'/* l40'/4 Mo. Pacific .... 911/4 92*4 91'4 92*4 M. K and T pfd 3874 40 3874 40 Metropolitan _118 11874 I IB 118*4 N. and W. 56'4 37V« 56*4 57'/* N. W. Central ..117'/* 118 117*4 lie Pennsylvania ...11474 117'/* 114*4 117*4 Peoples Gas .... 9B'/a 96'4 95'4 96 Republic Steel .. 6*4 674 6*4 67 a Reading . 42*4 44'/* 4244 44* s Rook Island .... 25*4 25*4 2474 25*4 SIoss . 25 26'4 25 2614 do pfd. 70 70 70 70 Bo. Paelflc . 45*4 46*4 45*4 46*4 So. Railway ...-« 20<4 20*4 20'/* 20*4 do pfd. 78*4 78*4 78 '4 78'/« St. Paul .139*4 141 '/4 139*4 141'/4 Tex. Pantile .... 24'.* 2S'/s 24'/4 25'/4 T C. and 1.3014 32'/* 30 82'/* t*. S. Steel. II 1174 II 1174 do pfd. 53 54*4 5274 54*4 Tin. Pacific . 7514 76'* 747/* 76*4 t7. S. Leather .. 7'/4 7'/4 7'/4 7t4 Wabash pfd .... 36 37 35'/s 37 Western Union.. 8774 S8'/4 8774 8B'/4 Bond*. United States refunding 2s, reg.10514 United States refunding 2s, coup....106 United States 3s. registered.107 United States 3s. coupon.107 United States new 4s. registered....133*4 United States new 4s, coupon.183*4 United States old 4s. registered.109 United States old 4s, coupon..,.110 l uted States 8s. registered.16114 United State* 5s. coupon...10114 Southern Railway 5s .Il2*i Money on Call. New York, December 3.—Money on call Irm at closing bid. fii ofTered at 9H; time loans steady. Small offeringa, sixty COTHRAN V 00. SINKERS . MR . BROKERS AROUND FLOOR, WOODWARD BUILDING, Member* New York Cotton Exchange, New Orleans Cotton Exchange, Chicago Beard of Trad*. Cotton, Stock*, Grain and Provisions. DIRECT PRIVATE WIREB —to— /law York, New Orledna and Chicago. fi. 8. BAXTER S GO. ING. Successors to "MURPHY A CO. , , Alabama National Bank Bnlldino. Private Leased Wires Direct to New York, New Orleans and Chicago. GOTTON, STOCKS & GRAIN. New York Office—No. 81 Broadway. Of floes In principal cities throughout the South. Write for our Market Manual and bool containing Instructions for traders. Phone No. (4k WANTED. First National Bank 8tock. Southern Club Bonds. Otto Marx & Co. Ground Floor, First National Bank __Bmiding. MORTGAGE LOANS. Place your mortgage loan* direct with the United States Mortgage and' Trust Co. of New York. Capital, sui* plus and undivided profits over 85,000, 000. Interest rate the lowest. C. GAZZAM, Agent, 338 First National Bank Building. WHITE COMMISSION CO. Successors to SMITH-MAY COMPAHY, BROKERS, Alabama National Bank Bulldina. 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 O’DELL COMMISSIOH CO Incorporated Capital 9200,000.00. CINCINNATI, OHIO. Largest Brokerage Houas In the World. clays and ninety days, 6 per cent; six months E84@6 per cent. Prime mercantile paper 6@684- Sterling exchange weak with actual business In bankers' bills at 483.S0@483.36 for demand and at firstname.lastname@example.org for sixty day bills; posted rates 480840481 and 484@48484- Com mercial bills 47984; bar silver 5684: Mexican dollars 43. Oovernment bonds steady; railroad bonds irregular. Tressu-f Statement. Washington, December 3.—Today's treas ury balances, exclusive of gold reserve, show: Available cash balances $220,890,474; gold, *117.935,501. Cfncrlngi .-utf Exchanges. New Orleans, December 3.—Clearing* *4.063.261, New York exchange par; com mercial 1.25 per 1000 discount. Memphis. December 3.—Clearlhgs 1,164, 057; balances *163.222. Seahcard Air Line. Baltimore, December 3—Seaboard Air Dine common, 13@13’4; do. pfd., 2ll4<B'24; do. 4'S, 70©71V4. Chicago Change. Chicago, December 3.—A big advance In prices In the northwest markets With ac tive covering by shorts gave strength to wheat today and May closed l(4c higher; May corn and oats wpre eaeh up He, and January provisions closed from 2% to 5c higher. The leading futures ranged ss follows: Wheat— Open. High. Low. Close. Dec (new) 81(8 82 8l'/s 8IPs May . 803 4 81 44 80 5b 81 Vs July . 75*/a 75'/2 75'* 78'/2 Corn— Dec. 424* 42 Vs 421/4 42'8 May . 421/2 43(8 48'/2 427* July . 4348 427/s 42'/* 4244 Oats— Dec. 351/s 353* 351/s 3544 May . 36 36'/2 3578 36(8 July . 331/4 3344 33 V4 3358 Pork Jail.11.05 11.09 11.00 11.00 May ..11.35 11.37'/* 11.30 II.32V8 Card— Jan. 6.47'2 6.50 6 45 6 45 May . 6.52' * 6.55 8.60 6.52'2 Short Ribs— Jan. 5.90 5.92'2 5 87'/* 5 90 Stay . 6.07Mt 6.10 6.05 6.07(2 "Cash quotations were as follows: Flour Arm. Wheat—No. 3. K0©82; No. 2 red. 84'A@8CH. Corn—No. 2, 42%; No. 2 yellow. 46®4«H. Oats—No. 2. 3574; No. 3 white, 35V4«i37. Rye—No. 2. 51V4 Barley—Good feeding 31@35; fair to choice maltlhg. 42GM2% Flax Seed—No. 1, 91: No. 1 northwestern, 97(4. Prime timothy seed, 32.86. Mess Pork—Per barrel, 11.37V4@11.50. Ddrd—Per 100 lbs., 6.52%@«.55. Short Ribs Sides—Loose, email@example.com'4. Short Clear Sides—Boxed. G.12(firstname.lastname@example.org. Whisky—Basis of high wines, 1.27. Clover—Contractg rade, 11.00. On the produce exchange today ..ie but ter market was Arm. Creamery. l«@25. Dairy. JJ®21. Eggs easy, 23@25. Cheese Arm, 10@2fl'4. Tin. Osffec Market. New York, December 3.—The market for coffee futures opener! firm at an ad vance of 5 to 15’points, following firm cables and continued small receipts, which seem to be stimulating. In connection with reports of unfavorable crop pros pects. popular bull sentiment, causing a spread of the bliying ‘interest Right at the start, this motnlng. the market Was very active, sales on the call being about 50,000 bags, and after- this there was no decrease in activity, and • the market ruled very firm. Large blocks of long coffee came out oh the advance, but there was buying from practically all aourees, and in the afternoon It was reported that an Importing Interest, known as the chief hear leaders In the recent prolonged de llnes, had turned bulls and were buying aggressively. During most of the day prices fluctuated around a level from 15 to 26 points higher, but toward the close the market eased off a little under con tinued realising and was Anally steady, net 10 to 20 points higher. Sales, 292.000 bags, the largest yet reported; December, 6.2006.30; January, 6.3006.40; February, 6.40; March. 6 350.6.70; May, 6.iO07.OO; June. 6.95; July, 6.9067.00; August, 7.050 7.10; September, 7.1507,30; October, 7.100 7.25. The Live Stock Market. Chicago. December 3.—Cattle: Receipts, 2S.0U0. Steady to 10c lower. Qood to prime steers, 5.1505.75; poor to medium, 3.500 4.75; atocketa and feeders. 1204.30; cows. «.5004.25; heifers. *204.«)r canner*. *1.000 2.35; bulla, *204.50; calves. *2.5006.75; Texas fed steers, *363.25; Western steers, $304.50. Hogi: Receipts, *7.n0o. Market 10c to 15c higher. Mixed and butchers, $4,450 4.60: good to choice heAvy, *4.6504.90; rough heavy, *4.4004.80; light, *4.4004.70. Sheep; Receipts. 15,000; slow. Good to choice wethers, *8.75®4.2o; fair to choice mixed. *36 3.75; western, *2.9504; native lumlw, *463.65; western lambs. *4.2304.75. Metropolitan Cafe now serve* Merchant*’ Lunch 30c, wild ekcittmedt ID COTTON MARKET PoliPwing Government Estimate Prices Soar Dizzily Upward SALES LARGEST ON RECORD H«lf an Hour After the Call an Ad vance of About $3.25 Per Bale for Trading Contract la Recorded. The Cloae a Little Lower. New York, December 3.—The cotton mar ket opened Arm eH a decline of one point on August to an advance of five to nine points on the other options, following cables that were a little better than due, but ruled very quiet and at^ noon was 7 to 11 points lower, prices having sold oft under realizing. The quiet, however, was the quiet that precedes the Btorm. for promptly at the noon hour the govern ment crop estimate was read, showing a probable crop of only 9.1X12,089. against a commercial crop last year placed at about 10,727.000 bales. Thl* report proved even mere bullish than had been genernliy ex- j peeted and was followed by the wildest ' market ever witnessed In the exchange, ! not even excepting the days of the old bull campaign. First prices were at a Jump of ten points an?l following this values were rushed higher and higher, with price* only a short half hour after j the call representing an advance of about 28.25 a trading contracts per bale. Thous ands of hales changed hands around these Agures. After passing the 12 cent mark the mar ket slowed down a tittle. H seemed as though the most pressing demand had been ttlled and profit taking eased prices off 16 or 20 points. On the decline, how ever. there was another wild rush of buy ing as the report became more widely circulated, and soon prices were again soaring upward, During the balance of the seaslon there w4s some Irregularity, but the market generally speaking was sensationally strong, and the high point was reached just before the close, when iteeember sold at 12.22, January 12.46. March 12.69. May 12.67 and July 12.66, nr 78 to 87 points above the low point of the morning. The market closed Just a little down from this level, but strong, net 09 to 74 points higher, with sentiment still so far as could be judged very bullish, while In New Orleans the advance was continued and showed a greater net gain than did local prices. The sales for the day were estimated at 2,000,000 bales, this being the largest business tor any single day on record. Receipts for the day were again smaller than expected, falling below last year’s and predictions of a decreased movement are heard on every hand, though the ad vance recently might be expected to stim ulate marketing. Spot cotton Is New York was advanced to the basis of l2.4a for middling uplands and the southern spot markets were unchanged to *4 of a cent higher. New York. December 3.—Cotton steady: middling, 12.45c; net receipts. 45; gross receipts, 1454: sales. 1037; stock, 67.738; ex ports to Great Britain, 797; exports to the continent. 324; exports to France, 30. Total today at all seaports: Net re ceipts, 47,651; exports to Great Britain, 23,172; exports to France, 30; exports to the continent. 6624; stock, 898,754. Consolidated at all seaports; Net re ceipts. 315.823; exports to Great Britain. 109.558; exports to France, 58.811; exports to the continent. 91.291; exports to Japan, 1547. Total since September 1 at all seaports; Net receipts. 3.952.284; exports to Great Britain. 1.154.847; exports to France, 427. 465; exports to th« continent. 1,125,975; ex ports to Japan, 11,579; exports to Mexico, 15.829. The New Orleans Cotton Market. New' Orleans, December 3.—Spot cotton was firm today, though there was but little doing; all parties were awaiting the bureau estimate and when Its contents were made known, factors at once raised prices entirely beyond the views of buy ers. Sales. 4525 bales, including 2325 to arrive. After the full effect of the bu reau report had developed in the future market, the cotton exchange committee advanced the price of spot cotton Tic a pound. This was one of the wildest days ever sect; In the future market. The govern ment bureau estimate of 9.962.039 bales for this season's crop sent prices up from 52 to 60 points. At the opening, prices were 3 to 8 points above yesterday's closing and fluctuated mildly until the reading of tbp report at 11 o'clock. Then the traders around the ring went wild with excitement. Brokers by the hundred were struggling to get near enough to make transactions. The following are the lowest and highest figures of the day: December. It.62012.58; January, 11.71 012.65; February, 11.91012.73; March. 11.88 012.84; April. 11.96012.88; May, 11.96012.96; June. 12.llfil2.97; July, 12.11011.97; July, 12.02013.06. The market dosed very firm at about the highest level of the day, the net gains being 90 to 91 points. New Orleans, December 3.—Cotton fu tures firm. December, 12.58012.60; Janu ary. 12.6B4fl2.67; February, 12.73012.75; March. 12.88012.84; April, 12.88012.90; May. 12.930 12.94; June, 12.97012.99; July, 12.990 18c. New Orleans. December 3.—Cotton Arm; sates 4527: Ordinary, 9 9-16; good ordinary, 16H: low middling. 1174; middling, 1274; good middling. 12 7-16; middling fair, 12 18-16. Receipts, 14,316; stock, 317,603. Daily Statement Galveston—Firm; middling 117-16. sales 867, receipts 19,098, Stock 282,316. Mobile—Firm; middling 1174, sales 506, receipts 713, Stock 47,010. savannah—Firm; middling 1174, sales 78, receipts 8626, stock 104,814. Charleston—Firm; middling 11*4, receipts 849. Stock 8752. Wilmington—Quiet; middling 11.3774, re ceipts 2363, stock 20,882. Baltimore—Nominal; middling 11.87. re ceipts 765. stock 7567. Boston—Steady; middling 11.95, net re ceipts 50, gross 8778. Philadelphia—Firm; middling 11.70, re ceipts 1931. stock 1490. St. Louis—Middling 1174. receipts 2512, stock 12.543. Memphis—frirm; middling 12. receipts 3108, shipments 5501. sales 2100. stock 94.844. Dry Goods. New York. December 3.-The dry goods market Is in a most unsettled and fever ish condition as the result of abnormal and. extraordinary conditions in the raw market. Price* havp been withdrawn on many lines and few are willing to make prediction. A general advance Is antici pated. Liverpool Market. Liverpool. December 3.—Moderate busi ness done in spot cotton; prices 4 points higher. American middling fair, 6.68d; good middling. «.52d; middling. 6.44d; low middling, 6 3»d; good ordinary, 6.2M, or dinary. 6.08d. The sale* of the day were WOO bale*, of which 500 were for specula tion and export and included 5800 Ameri can. Receipts. 18,000 bales, including 15.100 American. Futures opened steady and closed unsettled. American middling, G. O. C.: December. 6.30; December-Janunry, 6.25; January-February. 6.22; February Maivh, 621; March-April. 619; Aprll-May, 617061S; May-June, 6.104rf6.17; June-July, 6.15; July-August, 6.13; August-September, nominal. Caldwell & Ward’s Cotton Letter. New' York, December 3.—The bureau report putting the crop at 9,962,000 halos is very favorably accepted by the bulls, while the bears demur and say it is a .scandal to the government. Considering the accuracy of the last report, w*e look upon It as an excellent guide to go by and take the report as a basis of re cord. The situation must be accepted as pointing to a now high level of prices for spot cotton, and all products as a result of its manufacture, the w'orld over, not only for today but for years to come. To day the market Is very nervous and un settled, though strong and w'ell supported by the spot market In the south, and the unsettled condition may last some days and violent fluctuations may be expected, so we suggest caution, but be lieve the market can be bought with per- , feet safety on every little reaction. We doubt If the rise has culminated and w’ould avoid short selling. Much depends on Liverpool tomorrow. Spots in New York points higher. Exports today only j 4400. Caldwell & Ward’s Cotton Letter. By H. & U. Beer. New Orleans. December 3.—As Liver pool advices were better than expected our market opened five to eight point* higher, but shortly after longs realizing before the bureau caused a decline of 9 to 13 point*. About this time the bureau's crop estimate of 9.962,039 was issued, and as it confirmed the extreme short crop views pandemonium reigned. The ring W’ns flooded with buying orders and there were no sellers, except longs desirous of taking profits. The continuous buying throughout the session occasioned an ad vance of 94 to 96 from the bottom, mak ing the net gain about 91 point son the day. The bureau estimates the crop at 9.962.000 bales averaging 490 pounds net weight. The area picked, or to be, is estimated at 28,015.000 acres, a reduction of 892.000 acres, or 39-100 per cent from the acreage planted. This document was as extremely bullish as the most sanguine operator In favor of the article ever ex pected, and as the feeling Is unusually optimistic, the support was more aggres sive than ever before seen. The effect was to also superinduce immense cover ing by shorts, all of which was instru mental in establishing an unprecedented advance during any one day, breaking all previous records. Every one is anxiously awaiting the action of foreign markets and the future attitude of spinners. If the movement should decrease consider ably soon, or irrespective of this feature, spots should continue Arm with a good demand on the general assumption that the bureau’s figures are approximately correct, then values will eventually ad vance to a higher level. For the time being there has been a sharp and rapid advance and a desire to liquidate and take profits may bring about a reaction. Nevertheless, while recognizing the bul lish sentiment prevalent we would sug gest purchases only on sharp breaks. Baxter A Co.’* Cotton Letter. New York, December 3.—There was great excitement In the cotton pit to day. The opening price was a shade higher than yesterday's close. Cables were quite good and the tenor of the mail reports was generally bullish, hut f* W sections were reporting a good prospect and many a very poor one. The short in terest was big enough to keep everybody on the anxious seut. A cold wave ex tended over the greater portion of the belt. Spinners were growing restless, as prices advanced, and it is considered cer tain that they must enter the market at higher prices, when It will appear that the crop is a short one, as many have predicted. Prices were unsettled and the market weakened until all the gain had been lost and then qulted down without much activity until the bureau report appeared. Cables were 2 to 3 points 16w er. Port receipts, 60.000; last year, 57,000. Decided weakness was followed by a partial rally from a loss at one time of 10 points from yesterday's close, and when the bureau figures appeared prices were several points under yesterday's close. The bureau figures of 9.902,000 led to a big buying movement and prices moved up rapidly on immense buying by shorts and outsiders. Cothran A Co.’s Cotton Letter. By C. W. Lee & Co. New York. December 3.—Now that the bureau is out of the way we can go ahead with some conviction. It Is now beyond question that We have a deficient crop and nothing but high prices can make production fit the consumption. Nothing but excessive prices can bring th» ac tual spinning requirements back to fig ures where the crop can fill the holes. As soon as the report of 9,902,000 came out we sent out the following: Buy for higher prices. We are no longer uncertain about the report, for it is out of the way. We ran hardly count on more than 10,300,000 at the outside and this means something like 14 to 15 cents for the spring cotton. What Is there to prevent higher prices since tlie cotton is tint here? The world needs the cotton. You cannot cut down con cumptlon at 10 or 12 cents. It takes all of this to cut It down to 10,500.000 hales and a further cut to 10,200,000 or 10.Hj0.000 will take another turn of th** screw. We can see a wild market nil the year and fluctuations will bo enormous. Cotton should he bought on every break now. though reactions will be inevitable. Of course one must be more conservative at 12 cents than nt 11 or 10 cents, hut spin ners must have cotton and people have sold futures who will have difficulty in getting the cotton hack. The market to day explains itself. New York Cotton Future*. Open. High, t "tv Close January .11.78 12.46 11.59 12.46 February .11.84 12.52 1200 11.49 March .1188 12.59 11.72 11.55 April . 12.57 May .I 1.89 12.57 1 1.71 12 62 June . 12.55 July .11.86 12.56 11.71 12.55 August .11-43 12.25 11.38 12.20 December .11.65 12.52 11.53 12.35 The Metal Market. New York, December 3.—Tin was higher In London, spot advancing 2s fid to £119 2s fid and futures 5s to £12fl 7s fid. Tin 111 New York was steady but unchanged at *25.8flifs26.00. Copper advanced 2s fid In London, with spot quoted at £55 2s fid, and futures at £54 15s. Locally copper was more or less nominal. I.ake is quot ed at tl2.004il2.37'/2; electrolytic. S12.121/* and casting *12.00. Lead unchanged here at *4.25. but declined Is 3d In London, where It closed at £11 2s fid. Spelter was unchanged at £20 10s In London and tit *5.25 In New York. Iron closed at 18s Ml In Glasgow and tls Had In Middlesboro. Locally, iron Is quoted at *15.WHfM.OO for No. 1 foundry northern: $14 noth 13.00 Tor No. 2 foundry northern, and at 113,50$/14.00 for No. I foundry southern anti No. 1 foundry southern soft. Naval Store*. Savannah. Ga., December 3.—Turpentine Arm at 36c; receipts. 480; sales, 591; ex ports. 895. Rosin firm; receipts. 2227; sales. 24u0; exports. 2800 A. B. C. D. *2.15; E, *2.15; F. *2.20: G. *2.30; H. *2.35; 1. *2.55; K. .<2.90; M. *2.90: N, *3.05; window glass *3.25; water white. *3.50 Charleston. 3. C., Deeemoer 3.—Turpen tine steady at BB'/xc; sales none. Rosin. Steady; sales none; A. B. C, K, *2.oo. F. *2.10; G. *2.20: II. *2.25; I. *2.45; K. *2.70; M, *2.90; N. *2.95; window glass, J3.I3: water white. *3.10. Wilmington, N. C., December J.—Spirits turpentine, nothing doing; receipts, 41 casks. Rosin, steady at $2.10; receipts, 2S. Tar, firm at $1.30: receipts, OS. Crude turpentine firm at S2.25, #3.80 and S3.85; receipts, 6. Cotton Seed Oil. New Orleans. December 3.—Cotton seed oil firmer; prime refined in barrels. 33; off refined in barrels, 32; prime crude loose 27**. Memphis Tenn.. December 3.—Cotton seed oil. car load lots, per gallon: Prime crude. 27#2t**; off crude. 29^32; prime summer yellow. 31; off summer yellow, none; choice summer yellotv, less than car load lots. 42. Meal, prime, 20; off, 12.50; cake, prime, 19.50. Caldwell & Ward’s Grain Letter. By Miller & Co. Chicago. December 3.—Wheat closed firm at about the high point of the pres ent advance. Yesterday and early today the trade appeared to have relieved them selves generally of long wheat. It Is thought Armour absorbed the early offer ings through brokers, while at the same time selling a little openly. Reports of improved export business later in the session had a stimulating effect. The market closed firm and opinion prevails that the leading interest must force high er prices. Caldwell & Ward’s Stock Letter. By Miller & Co. New York. December 3.—The market closed strong and the street feels that th* advance was due to short covering. We doubt, however, whether there has been any great quantity of shortB cov ered. We think the short interest only slightly reduced. Pennsylvania was strong on buying of 70,000 shares by a Wall street house with western affilia tions, believeS to be largely short cov ering. Brooklyn Rapid Transit went tip on the rumor of transfer of 20.000 shares to the name of a rich capitalist very closely identified with the system. The probabilities are that the rumor was cre ated by the rise more than the rise was by tho rumor. We are still of the same opinion that the railroads should he bought on weak spots and we believe that they are badly oversold. LOCAL MARKETS, Local Cottc-i Market. Corrected Dally by W. D. Nesbitt & Co, Good middling . 1114 Strict middling .11% Middling . 11% Strict loW middling .. ..11% Dow middling ...11 Local Iron »:arket. IF .*10.M 2F . 10.00 3F. 9.60 4F . 9.00 Grey forge. 9.75 18 .10.60 2S . 10 00 Mottled . 8.BO • • • Local Securities. Corrected by Caldwell £ Ward. Stock*. B1* Alabama Consolidated, com — 8 15 Alabama Consolidated, pfd — 50 55 Alabama National Bank.105 110 Ala. Steel and Wire, com. 50 75 Ala. Steel and Wire, pfd.110 135 Ala. Steel & Ship Bid., pfd. 66 80 Ala. Trust and Savings Co.100 105 Am. Trust and Savings Bank .. 85 95 Avondale Cotton Mills . 92 100 Avondale Land Co. 60 65 Auditorium.40 B’ham Ice Factory Co.115 135 B'hnm Realty, pfd . 50 bo B'ham Realty, com . 55 65 B. R . L A P., corn . 80 8" B’ham R.. L. A P.. pfd .104 107 B’ham Trust and Savings Co—140 150 Bessemer Land & Imp. Co. 20 25 Dlmmick Pipe Co. 150 16S East Lake Land Co. 20 85 Ensley Co.250 400 Ensley Land Co., new . 60 80 Ensley Land Co., old . 3 4 First National Bank.290 810 Georgia Ry. and Elec., com. 25 27 Georgia Ry. and Elec., pfd. 70 79 Gray A Dudley Hardwnre Co.... 97 100 Motel Hillman . 60 75 Jefferson County Sav. Bank —115 120 Lookout Mountain Iron Co.100 105 Martin Cracker Co.120 135 Nashville Railway, com . 22 24 Nashville Railway, pfd .63 6:. North Birmingham Land Co— 18 25 People’s Savings Bank.....110 115 Roberts A Son., tnc......110 150 Sloss-Sheffield, com. 23 25 Sloss-Sheffleld, pfd . 64 68 Woodward Cons’tion Co., pfd...110 180 Boncfft. Alabama Consolidated. DR 102 Ala Steel and Shipbuilding.33 1M Alabama State Honda Class A .104 105 Class B .104 105 Class C .101 103 Funded 4s .108 U9 B'h. m Realty, mort. 98 100 B'ham Realty, prior llpns.99 102 B'ham Ry„ L. A P. Co..98 100 B’ham Ry. A Elec. Co.103 107 B’ham Wate- Works Co.ltd 112 City of Birmingham 5s. 95 103 City of Birmingham 6s.107 113 Continental Gin Co. 72 80 Country Club (is. 70 74 ( -orgia R. and Elec. Co. 96 98 Jefferson County Ronds— Four and a half ..100 102 Fives.I* HO Sixes.112 H« Nashville Railway 5s . 90 92 Southern Club 6s . 78 82 Sloss I. and 9.. first mort.191 103 Sloss I. and S. gen. mort. 75 80 Tennessee Coal and Iron: General mortgage. 85 90 Tennessee Division.100 102 Birmingham Division.100 103 Cahaba Coal Division .99 101 DeBardeleben Division .98 102 Williamson Iron Co. 70 85 Local Staple Grocsrlso. Apples— Western evaporated. ■4®8%c. Flour—Fancy patent. 15.00; half patent, 14.60. Sugar—Granulated, 456c; Y. C., 414c. Coffee—Green. 75609160. * -l.iickle’x. packages. 11.30; I.lon packages. 10.30: Cor dova packages. 10.30: Porto Rico. 10.80. Megts—Dry salted ribs. 8c; dry salted rib bellies. 856c: hams, fancy, 1414c; med ium, 1314c; extra clear. 756c; bacon bellies, 954c. Lard—Leaf. 754c. Compound Lard-Snowdrift, 7'/4c. Molasses rent-tfugal. sugar* house. 40e: G-orels rane. Ma Beans- Navy, 12 5A per bur el: Man. 80 Pearl Grlts-tt tbs 8185 Fead Stuff. Meal—Bolted. 11.20; water ground. 11.30. Hay—Per ton. timothy No. 1, $17.50; clo ver, mixed. 21550: prairie. 213.00; Jobnsob grass. 113.00. Corn—Mixed. 6214c; white. 64c. Cotton Seed Meal—Per ton, $24.00; hulls, per ton In sacks. 28.60. Fruit and Produea. (Corrected dally by C. F. Bell A Co.. 2011 Morris avenue 1 Oranges—Per box. 22.25412.50 for Flor ida’s; Mnndarlncs. per box. 23 Tangerines. 26.00. Grapes—Malages. per kyc, 24.00 to 2? 00. Lemons—Per box. exlra*^ choice. 25.90® 3.75; fancy. 24. v. Grape fruit—24.504J5.00. I.lmes—Per 100. 75C0XL Pineapples—Per crate. J4 00475 oa. Bananas—Per bunch. culls. 'C04J73c; straights. 8101.23. Apples—Virginia stock, per barrel. 4.'.50 03; rancy northern stock. $3.30474. Cranherrles—Per barrel. 29.00 to 210.00. Cranberries—Per box, 22.50 to 12.75 Cabbage—Danish, per pound. 2'4®214c. Kalamazoo Celery—Per bunch. 50c. California Celery—Prr dozen, 75 to 90c. Northern-grown parsnips, carrots snd beets per bushel. 75c. Ruta Bagss—Per pound. 154c. Spanish Onions—Per erstth 21.50. Cucumbers—Florida grown, per bushel, 22.00. JOHN M. ALDWELL. GEORGt B.WARO. CALDWELL & WARD, Members N. Y. Cotton Exchanoe, N. O. Cotton Exchange, | Chicago Board of Trade. 119 N. Twentieth St. GOVERNMENT, STATE Telephones: Bell.t>1 Peoples... .6t AND MUNICIPAL BONDS AND LOCAL SECURITIES. STOCKS, GRAIN, COTTON, PROVISIONS. THE ONLY DIRECT PRIVATE WIRE CONNECTION IN ALABAMA WITH NEW YORK STOCK EXCHANGE. We refer to all the Banks In Birmingham. Corr -.pondence Solicited. I ,* Jefferson County t Savings Bank, Birmingham Capital, $100,000.00. Undivided Profits, 70,000.00. Accounts of banks and bankers, merchants, individuals and corpora tlons solicited. Special attention to collections. Interest allowed on savings and time deposits. C. F. ENSLEN, President. C. E THOMAS, Vice-President E. F. ENSLEN, Cashier. E. K. CAMPBELL, Counsel. CONDENSED REPORT TO COMPTROLLER The FIRST NATIONAL BANK of Birmingham, Ala STATEMENT NOVEMBER 17, 1903. * RESOURCES. Loans and Discounts.$3,556,974.79 Overdrafts.. .■. 195.92 U. S. Bonos and Premiums 367,000.00 Other Stocks anu Bonds.. 59,300.00 Bank Building. 51.000.J0 CASH. in Vault_$ 492.008.42 With Banks 1,459,691.80 With U. S. Trcvs. 18,054.40— 1,969,754.62 $6,004,225.33 LIABILITIES. Capital Slock.5 300,000.03 Surplus nnd Profit?. 378,265.37 Reserved for Taxes. 3,878.45 Circulation. 300,000.03 DEPOSITS. Individual . .$4,2o6,903.04 Bank . 675,178.4/ u. s. 50,u00.00— 5,022,081.5t $6,004,225.33 W. P. G. HARDING, President. J. H. WOODWARD, Vice-President. J. H. BARR, Vice-President. W. W. CRAWFORD, Cashier. A. R. FORSYITH, Assistant Cashier. DIRECTORS: T. T. Hillman, B. F. Moore, E. M. Tutwiler, W. S. Brown, J. H. Woodward, William A. Walker, F. D. Nabers, T. F. Molton, Robert Jemison, Erskine Ramsay, W. H. Hassinger. Walker Percy, F. M. Jackson, J. H. Barr, Vice-President; W. P. G. Harding. President._ Peanuts—Fancy, per pound, 5'/Sc: No. 2, V/zc. Chestnuts—Per bushel. *404 26 Peacans—Per pound. 12c. Grattablo walnuts. 15c per lb. English Walnuts—California, per lb. 17c. Figs—Fancy Imported, per pound, 12Vfec; California cartoons. 10c. Raisins—Per box. new cron. $1.75 to $2.00. Irish Point ops—Per bushel. 95c0$1. Sweet Potatoes—Per barrel, white. $1,250 1.6ft; yellow. $2.2502.50. Onions—Per pound, new northern. I3$e. Navy Reans—Per bushel, $2.4002.60. Peas—Black and gray eyed, per bushel. $1.7502.00. Turkeys—Live, per pound, 12^c; dress ed. 16018c. Live Poultry—Hens. 85c to 40c: large fryers, 22o to 25c; medium. ISo to 2ftc; small, 12c to 16c; geese, 40c to 50c; ducks, 25c to 30c. Eggs. 30c. Butter—Creamery, 26c; renovated. 210 22c; best country, 20c; cooking, 15@18c. WOMAN AND HER CHARACTER. | If Pope Were Alive Now He Wouldn’t Mistakenly Say She Hadn’t Any. From the New York World. Alexander Pope once said: "Most wo- j men have no character at all," and there • Is where Alexander was wrong. He j would have been forced lo a recognition | of his error if he could have had the ad vantage of seeing how woman assert.' herself In these days, as the conscien tious chronicles of the news put her upon record. For instance. Mrs. Florence Reynolds *s a woman of character, energetic, impul sive, perhaps, Impetuous. She saw Rupert Price in a horse car. She decided that he was her long-lost husband, claimed iiim and called upon other hangers on the straps to recognize her claim. She was wrong, but what then? Anybody may be mistaken. Then there is Mile. Joanne 1 Treuard—- one of the sisterhood of a rellgl j ons order exiled from France. She has fullcn in love ami casts her religious vows behind her and takes to matrimony. She certainly has courage. Mrs. Daisy Salmon preferred her hus band's brother to her husband and went away with him across this rather wide continent. Mrs. Henley introduced a new variety of headache—-one that turns gray hair green. Mrs. Charles Waterman's cries of distress over the agony of her baby were mistaken for an alarm of fire and brought out the engines. Julia Wil liams found *720 that was not lost and showed astonishing moderation as she helped herself to only $21X and denied her self $502. She remembered, perhaps, the Scriptural warning: "He that maketh 'haste to he rich shAll not lie innocent." Mrs. Dandy and her daughter rode In a hansom cab which collided with a trolley ear. The hansom was smashed, the car was damaged. The ladies refused to he hurt and calmly walked away, thus scorn ing a great opportunity. Mrs. Julius Fein burg was the partner of Mr. .Julius Frln burg—in business as well as In matrimony Julius showed an Inclination to boss the whole show, whereupon his gentle partner brought him up with a suit for the ap- i pointment of a receiver. Miss Hillings, described as a secretary, was apparently determined to "get square” and sued an M quad for $120. Against her it is alleged that "she Is 3f> years old." Years ago a beautiful girl married another man: there fore a hermit died all alone somewhere up on Hopewell mountain. Four school girls at Oarbondale planned a grand combination elopement with four school boys, but only two couples carried out the plan. Mrs. O’Brien testified that | Jimmie was “a good husband so far as , paying bills was concerned,” and thus ex pressed a splendid tribute to the most essential of all masculine virtues. The National Congress of Mothers’ clubs de clined to associate Itself with the prosecu tion of Smoot. By these examples taken at random from the history of the day It may be seen either that Pope was at fault In his judgment about women which is likely, for he was a crooked, crusty little crea ture—or. If he was right, that wre have produced In u new land. In a pew climat> and a new society a woman unlike th* woman who figured, or failed to figure, in the very little world he saw. — A Pertinent Query. From Judge. “There’s Just one thing more ! wish to ask.” said the visitor at the arsenal. “What is It?” Inquired the officer. “Does the twelve-inch gun throw a foot ball.” C. P. BELL & CO Wholesale Fruits, Produce and Com mission, 2018 Morris *venue. Long Distance Telephone 1097. Our Specialties are Bananas, Oranges, Manderlnes, Malaga Grapes and all kinds of Pruita and Produce. X THE X CHRISTMAS NUMBER O • THE NEW nzn YORKJ!^L HERALD.... FOR 1903 WILL BE PUBLISH* SUNDAY, December 13. SUi’ERBLY ILLUSTRATED IN COLOR AND HALF TONE BEAUTIFUL ART SECTION. CALENDAR BY THE BEST FRENCH ARTISTS. BRiLLIANT FICTION. ALLURING SPECIAL FEATURES. WHEN NEEDING LUMBER PLANING MILL STUFFS X Of all Kinds X Brackets, Mouldings, Columns, Etc., You'll find it to your intern! H give us a call. House Dills a Specialty. jenkinsTumber go., Yard, Mill and Office. Cor. 19th St. and 10th Avt, N. Both Phones 1134. u AMERICAN DISTRICT TELEGRAPH COMPANY Main Office With Western Union Te's graph Company. RELiALLk i.livSSENGERS Furnished tor any purpose. Notes an.. Packages promptly delivered. ' ones 19 Either Company BUSINESS CONFIDENTIAL. ~i tP. F.. VILU \V\S Mnnv We mane the ..est t ..s In town. Agr Herald Engraving Company.