The Birmingham age-herald. [volume], April 11, 1906, Page 11, Image 11

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

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

                
STOCKS BECOME
DECIDEDLY WEAK
Extensive Throwing Over of
Holdings Yesterday
SHOWS ACUTE WEAKNESS
Decided Effect Was Produced on Senti
ment By the Government Esti
mate of the Winter
Wheat Crop.
New York, April 10.—Stocks became de
cidedly weak today under what appear
ed to be a raid by an organized bear
party In the speculation. The continued
stringency of money has been viewed
with considerable equanimity by specu
lative holders of stocks so long ns prices
held pretty steady or showed occasional
signs of advance, keeping up speculative
confidence that there would be an ulti
mate rise affording a profit on holdings
sufficient to cover interest charges, even
at the high prevailing rates. But with
prices started decisively downward sen
timent underwent a marked alteration.
It was evident that the fear of such
a movement had prompted the placing of
large stop loss orders below the mar
ket. Once the raldlng. tacttcs of the bear
party had succeeded In putting prices
down to the figures at which these stop
loss orders came Into effect, there was
quite Indiscriminate and extensive throw
ing over of large holdings for what they
would bring. The market showed more
•cute weakness than a* any time for
several weeks. The firm resistance hith
erto shown by stocks to the stringency
In the money market has caused a belief
FOSTER&Co
No. 9 First National Bank Bldg.
STOCKS—COTTON—GRAIN.
The Odell Stock and Grain Co.,
Incorporated capital $250,000.
BELL PHONE 1207.
WARE * LELAND
Cotton, Grain, Provision*, Stocks,
Bonds.
-round Floor Woodward I1 llding.
Both Telephones, 1145.
Members—
New York Cotton Exchange,
New York Coffee Exchange,
New Orleans Cotton Exchange,
Liverpool Cotton Association,
Chicago Board of Trade.
PRIVATE WIRES TO
New York, Chicago, New Orleans.
C. H. COTHRAN, Mansger.
LOVEMAN St CO.
COTTON, STOCKS. BONDS, GRAIN
and
PROVISIONS.
119 N. 20th St. Both Telephones 61.
Private Wires to All Exchanges.
MEMBERS OF—
New York Cotton —xchange,
New Orleans Cotton Exchange.
Chicago Board of Trade.
CORRESPONDENTS—
Wilier 4 Co., New York and New
Orleans.
Members New York Stock Exchange.
Correspondence Solicited.
OTTO MMX & CO.
BANKERS AND BROKERS.
8TOCKS, BONOS AND MORTGAGE
V LOAN8.
Ground Floor, First National Bank
Building.
J. M. CALDWELL & CO.
(Successors to Caldwell & Ward.)
BANKERS AND BROKERS.
STOCKS AND BONDS.
Suite -19 1st National Bank Bldg.
^ Bell Phone 2244._
MORTGAGE LOANS.
Place your mortgage loans direct
whn the United States Mortgage and
Trust Co. of New York. Capital, sur
plus and undevided profits over $5,000,
C00. Interest rate the loweat.
C. GAZZAM, Agent.
$36 Firet National Bank Building.
IC. G. Abercrombie & Co.
Members New York and New
Orleans Cotton Exchanges and
Chicago Board of Trade.
New Orleans Correspondents,
H. & B. Beer
STEINER BROS.
BANKERS
Investment securities bought and
sold- Loans negotiated on real
estate at lowest rate of interest.
GIBERT * CLAY
Cotton, Stocks, Bonds,
Grain and Provisions,
Members of N- Y. Stock Exchange
N- Y. and N- O- Cotton Exchanges
and other Leading Exchanges.
DIRECT PRIVATE WIRES
9231st Ave. W. L. Sims, Mgr
FOR SALE
First National Bank Stock.
Commercial State Bank Stock.
Pratt Consol. C. A I. Bonds.
Sloes Bonds.
Waterworks Bonds.
WANTED,
Avondale Land Co. Stock.
Avondale Mills Stock.
Realty Common Stock.
Country Club Bonds.
We Buy anil Sell ns Brokers Only.
See Stock and Bond Dept. .
CITIZENS SAVINGS BANK
CLOSING STOCK LIST.
Sales. High. Low. Gloss.
Adams Ex.240
Atrial*. Cop. ...165900 MO** l07'/s 108
Am. Cr. & Fdy... 7400 43% s 41'2 4234
do. pfd. 100 100'a IOO'/2 1003 a
Am. Cotton OIL. 1200 34 33' 2 33
do. pfd.. 90
Am. Ex. 225
Am. H. & L. pfd. 500 33 ‘ 4 32« 2 33
Ain. lee Seen. 700 56 55'/4 55*8
Am. Llnsd. Oil. 21
do. pfd. 43
Am. Ln -.11700 68*4 6*6 -■ 67'4
do. pfd. 114'/4
Am. Smlt & Hfg.50400 1583% I54U 1557/%
do. pfd.I 100 121 I 19' 2 I 19' 2
Am. Sug. Rfg. .. 7800 I39^a 13634 137*%
Am. Tob., p. c... 800 104 103'2 1031%
Ana. Min. Co. ..51300 271 261'% 2663*
Atchison. 700 93 92 92%%
do. pfd. 300 1031/4 103 103
i Atl. Coast Line.. 300 153 15434 152'%
B. & n. 2200 I I 27 % 112 I I 2 */4
do. pfd. 94
Brk. Rpd. Tran..27300 86'4 33’a 84‘/2
Can ad. Pac. .. . 2700 1713% 171 17 M/s.
Cen. of X. J. 215
Ches. & Ohio .. 7100 59»/4 57V* 58
Chi. & Alt. 31
do. pfd. 200 76 76 76V%
Chi.-Gt. Wn. 2700 21'/% 20'2 2034
CIS. & Norwn. . 3100 208 205 207'2
<’lTi. M. & St. P. 6400 I76V4 l74'/a 1745%
Chi. T. <fc T. 10
do. pfd. 2734
C. C. C. it St. I>.. 300 10044 1003% 100' 2
Col. F. & 1.12700 613% 59«/4 60'/%
C«*l. & Sou. 500 347% 34'/4 34
do. 1st pfd. .. 500 703% 70 69Vz
do. 2nd pfd. 49
Consol. Gas. .. . 7300 142^8 141 142' 2
Corn Prod. Rfg... 900 263s 2534 26
do. pfd. 300 82',% 82 ' 2 82
Del. & Hud. 600 210 208',2 2081%
Del. L. * W.445
Den. & R. G. ... 1500 4534 45 45Vz
do. pfd. 88
Distill. Seeu. ... 5300 58' 2 56 57
Erie.11400 44%% 43%% 4334
do. 1st pfd. .. 300 78'/4 78 78
do. 2nd pfd. .. 200 695* 69'/2 68 .
Gen. Elec. 1100 1697% 167 16644
Hock. Val. 100 125 125 125
111. Cen.* 600 172 17M/4 170'/%
Int. Paper. 600 2It2 21 21
do. pfd. 300 8414 84'/4 84
Int. Pump. 2000 4614 4312 4434
do. pfd. 100 85 85 . 83'%
Iowa Cen... 1. .. 200 303 4 303* 30'/4
do. pfd. 57
K. C. Sou. 28
do. pfd. 57Vi |
Tj. & N. 8000 149 1467'a 1484 a
Man. L. 100 155 155 155
Met. St. Ry. It'S
Max. Cen. 900 25 2414 2444
Bales. Hign. Ijow.^
Minn. & St. .. 70
Minn., St. r. «fc
Sault. Ste. M... 1600 157 155 155
do. pfd. 159
Miss. Pac. 5100 95 94 94* a
Miss. K. & T. . 4100 34'2 337a 337a
do. pfd. 2000 721/a 714a 7134
Nut. Lead.6200 827a 8044 81'2
Nat. R. R. of
M. pfd. 38,4
X. V. Ceil. 2100 143 14144 143
X. V. O. & W. 8600 511/2 50*8 50*4
Xor. & Wes. 2800 89 8814 8814
do. pfd. 93
North Am. 900 9914 91'2 98'2
Pae Mail. 200 42 411/2 42'.2
Penn.54500 14112 1397-4 M40
People's Gas . . 900 951/4 941-4 94'2
P. C. C. & St. L. 100 80 80 78
Prsd. Steel Car.. 3100 5314 5144 5144
do. pfd. 200 9814 98 98
Pull. Pal Car . 237
Reading.94800 I3714 13414 I3614
do. 1st pfd. 93
do. 2nd pfd. ... 900 981-2 98 9814
Rep Steel . 3100 314-4 2944 30'/4
do. pfd. 500 1031/2 102 101
n. 1. Co. 3100 2712 2674 267/a
do. pfd. 2000 8612 65 6514
Rubber Goods. 43
do. pfd. 100
St. L. & San
Fran. 2nd pfd. 1000 47*2 47 47
St. L. Swil. 200 23'/4 231/s 23
do. pfd. 800 5614 55 55
Soil. Pac.23700 684a 67 6714
do. pfd. 200 118 118 11744
Sou. Ry.22200 401-4 3914.39Vk
do. pfd. 200 997 s 994a 9912
T. C. & 1. 148
Tex. & Pae. 1000 33 323 4 323 4
Tol. St. L. & W. 200 3544 3512 35'/2
do. pfd. 200 5444 544-4 5412
Union Pae.187800 15544 15212 15312
do. pfd.. . 9512
U. S. F.x. 117
U. S. Realty ... 300 86'/a 86 84
U. 8. Rubber .... 1900 5214 5112 5112
do. pfd. 1000 11344 1133-4 I 13'/4
U. S. Steel .. .86100 42 40'2 41
do. pfd.24900 10714 10614 10614
Vir. Caro.-Shem. 1600 49'2 49 49'4
do. pfd. 200 1 1212 112' 2 III 12
Wabash. 900 221/2 22 2212
do. pfd.1300 4914 49 49
Wells-Fargo Ex.v . 250
Wstnghse. Klee. 156
Western Union.. 200 92 92 9144
"Whig. & Xj. E... 300 19 19 1812
Wisoon, Cen. ... 100 28 28 2712
do. pfd. 600 5512 54 54
Nor. Pae. 9400 2173a 21412 21412
Cent. Leather . 2600 4414 4312 44
do. pfd. 104
Sloss-Sheff. 2400 82'4 79 80
_-iotai saies ror tne day. 1.043.700 snares.
that extensive speculative commitment
in stocks must be playing very little
part In the expansion of credits which
has run up the rate for money. This
has been used as an argument to show
the strong technical position of the stock
market in spite of the fact that the se
verest stringency in money had been
confined almost wholly to the walls of
the stock exchange Itself. One explana
tion is that the operations in the market
have been carried on with funds a largo
proportion of which were borrowed on
time at moderate rates of interest,
while a small remaining proportion to
fill .out additional needs was secured In
the call loan market with comparative
indifference to the temporary high rate
exacted there. The unexpected duration
of the money stringency, however, adds
steadily to the burden of the carrying
rate, and to the discouragement over the
prospect of any awakened public demand
for stocks, such as Is relied on to relieve
tl|p speculators of their holdings at a
profit. The growth of tills feeling helped
to make the market vulnerable today.
A decided effect seemed to be produced
on sentiment also by the government
estimate of the condition on April 1 of
the winter wheat crop. The condition
was poorer than had been hoped for and
the decided strength resulting in the
wheat market dashed the sanguine con
fidence that has been felt in the promis
ing outlook for the crop and the as
surance of that potent factor In kppplng
up the high tide of prosperity. There
was little change in the money situation,
the renewal rate being generally hold at
20 per cent. While the rate yielded early
to below that figure. It recovered later
to above it and touched 25 per cent again.
While sterling exchange continued to
decline, so as to widen the margin of
profit on engagements of gold for im
port. the difficulty of securing a supply
of the precious metal seemed to grow
owing to scarcity of new arrivals in Lon
don, and the keen competition of Paris
for the available supply.
Another day’s loss of nearly a million
dollars to the sub-treasury brought the
absorption for the banking week up to
$2,158,000 compared with $1,804,000 for the
corresponding period of last week. 1 he
Imperial hank of Germany made a strong
weekly return and discounts eased slight
ly there. At one time during the morn
ing the stock market was quite generally
strong. Reading was advanced on tiylk
of a compromise of the coal mining dis
pnate. Amalgamated Copper responded
to gossip of a prospective dividend In
crease. But - these stocks afterwards
were amongst the weakest on the list
with corresponding effect on the reversal
of sentiment. The professional character
of a part of the selling was Indicated h.v
the demand to cover shorts which caused
somo recovery, so that last prices were
not at the lowest of the day, although
the closing tone was_unsettled, and ir
regular again.
Bonds wen. easy. Tola' sales par
value, 2.200,000. United States old 4s,
coupon, declined % per cent on call.
Bonds.
U S. refunding 2s. registered.103’s
U.' S. refputullng 2s, coupon. 03»w
r. 8. 3b, registered .103 4
U.' S. 3s, coupon ...JSt,,
IT. S. old 4s, registered. “ 2
II. S. new 4s. registered. 3 4
U. S. new 4s, coupon.. 4
Louisville & Nashville untiled 4s.... 03
Southern Rullways 5s.'i'..*
Mobile and Ohio ct. 4s. 96 /4
Money on Call.
New York, April 10.—Money on call
strong 15*125 per emit.: ruling rate 20*?2’2;
closing lilil 18; offered at 20; time loans
Steady; sixty and ninety days 6@b>4; six
months &H®5$i.
Prime mercantile paper 514®'' per cent.;
sterling exchange steady with actual
business In bankers’ bills at 403.60*1483.bn
for demand and at 4810481.06 for sixty-day
hills; posted rates 482K*i48S and «5«*»
48514; commercial liills 180**; bar silver
637g: Mexican dollars 43**; government
bonds heavy; railroad bonds easy.
Treasury Statement.
Washington. April 10.—Today's treasury
balances exclusive of the gold reserve
shows: Available cash balance $161,466,
715; gold $77,040,277.
Clearings and Exchange.
New Orleans. April 10.—Clearings $3,958,
746; New York exchange $1 per 1.000 pre
mium; commercial $1 per 1.000 discount.
Memphis. Tenn.. April 10.—Clearings
$843,295. Italances $148.SOo.
Seaboard Air Line.
Baltimore. Md.. April 10.—S. A. L. com
mon and preferred nothing doing.
Cotton Seed Oil.
Memphis. April 10.—Cotton seed oil;
Prime crude. 28c; prime summer yellow.
31c* prime meal, $24.75; prime cake. $24.76.
New Orleans. April 10.- Colton seed oil
steady; prime refined In barrels, 33c;
prime crude lose, ;io<*.
New York. April in.—Cotton seed oil
[inn; prime * rude f;<».b. nulls. $5.8o: do.
yellow, 301/2037. RioHn firm. Turpentine
tlrm.
Chicago 'Change.
Chicago. Ain II 10. A sharp advance In
wheat' here today followed lit** puluh'H
t'nu of the government crop report wh. h
showed a loss of five points in th*‘ on
ditlon of fall-sown wheat. The market
closed strong with the May delivery %
cent higher. Corn and oats were changed
very slightly, and provisions were 567%
cent higher.
The leading futures ranged as follows:
Wheat— Open! High. Lovv. Close.
May . 777/a 79 7744 7878
July . 77S a 785 4 775 « 78'2
Sep. 77 7744 767/a 7744
Corn
May 46 46 »/4 457 a 46'/«
July . 45^8 46'/a 454* 46
Sep. 46 465 a 46 464a
Oats—
May . 31 Va 3144 31'2 3144
July . 30 304a 30 30U
Sep. 29 i/a 29 29 29
Mess Pork—
May .16.30 16.32'2 16.271/2 I 6.32'-2
July .I 6.321 2 16.40 I6.32!'2 16.40
Lard
May . 8.60 8.70 8.60 8.65
July . 8.75 8.85 8.75 8.80
Sep. 8.90 8.97 8.87*2 8.921/2
Short Ribs—
May . 8.75 8.82'2 8.75 8.80
July . 8.871.2 8.92'/2 8.85 8.90
Sep. 8.85 8.92'/* 8.85 8.90
Flour—Dull and steady.
Spring Wheat—No 2, 78#80%; No. 3. 74#
SO; No. 2 Red. 84%@87.
Corn—No. 2. 46%; No. 2 yellow, 46%.
Oats—No. 2. 31%; No. 2 white, 32%; No.
3 white. 31%032%.
Rye—No. 2. 61%.
Harley—Good Feeding, 39; fair 4o choice
malting, 43660.
Flax Seed—No. 1, 107%; No. 1 North*
! western, 113%.
Timothy Seed—Prime, 317%.
| Mess Pork—Per bbl., 16.25616.30.
I Lard—Per 100 lbs., 8.65.
I Short Ribs (loose), 8.7608.85.
. Short Clear Sides (boxed). 9.1509.25.
Whiskey, basis of high wines, 1.28.
Clover, contract grade. 12.5*).
On the Produce Exchange today, the
butter market was easy; creamery
14024%; prime dairy. 14018.
Eggs—Easy, 16%; firsts, 17; prime firsts,
18; extract 19%.
Cheese—Steady, 11018%.
Coffee Market.
| New York. April 10.—Coffee, spot Rio
quiet; mild steady.
Futures opened steady at unchanged
prices to a decline of 5 points with trad
ing very quiet in line with featureless
cables. There was some further switching
from May to late positions, but trading
as a whole was not active and the market
showed little change after the opening.
The close was steady, net unchanged
to 5 points lower. Sales 40,750 bags, in
cluding May, 6.5566.60; June, 6.6506.70;
July, 6.75; September 6.95; October, 7;
December, 7.20; Murch. 7.40.
Metal Market.
New York, April 10.—Tin was higher
in London at £150 for spot and futures
at £167 15s Sd. Locally steady, with spot
a shade higher at $38.00038.70. Copper was
unchanged to 7s 6d higiier In London, spot
closing at £84 17s Od. Futures, £81 10s.
Locally no change; lake, $18.60(018.75;
electrolytic, $18.25018.50; casting. $18018.25.
Lead wns guict at $tS.80ffo.43 locally and
£16 15s In London. Spelter unchanged at
£25 10s In London and $0.0500.10 locally,
rron Od lower abroad; standard foundry,
47s lOd; Cleveland warrants, 47s 10'jd. Lo
cally unchanged and steady; No. 1 foun
dry. northern, $18.50(019.38; No. 2 foundry,
northern, $18018.85; No. 1 foundry south
ern. $18.25018.75; No. 2 foundry southern,
$17.73(018.50.
Live Stock Market.
Chicago. April 10.—Cattle receipts, tono.
Market lirm, common to prime steers.
$400.40; cows, $3.2504.50; (heifers. $2,750
6: bulls. $2.0004.25; calves, $2.7507; Stock
ers and feeders. $2.750 4.75.
Hog receipts, 10,000. Strong; choice to
prime medium, $0.45(06.55; medium to good
heavy, $0.4000.45; butcher weights, $0.45
00.3214; good to choice heavy mixed,
$6.40(06.45; packing, $5.8006.40,
Sheep receipts. 15,000. Steady; dull; sheep
$4.2506.80; yearlings, $5.750 6.25; lambs,
$4.75ffl6.60.
Naval Store*.
New Orleans, April 10. Naval stores
steady; pitch, $2.25; pine tar, $4.73; coal
tur, $3.80. Rosin, per barrel of 280
pounds; A, B, C, 11, E, $3.65; F. $3.6.t03.75;
G. $.3.700 3.76: II, *4.10; I. $4.23; K. $4.3n; M,
$4.73; N, $4.80; \\ g , $4.95; Ww„ $5.10. Tur
pnetlne Arm. 051/4.
Savannah, April 10.—Tin pentlne firm,
061,2; sales, 301; receipts. 331; shipments.
125. Rosin firm; sales. 1187; receipts,
J493; no shipments: stock. 45,584. Quote;
A. B C, D. $3.00; E, $3.05: F, $3.70; G, $3.75;
M, $4.10; I, $4.30; K. $1.50; M. $1.80; N, $4.90;
Wg., $5.10; Ww., $5.20.
Charles, April 10.—'Turpentinj and rosin,
nothing doing.
Wilmington. April 10.—Spirits turpentine,
nothing doing. Receipts. 1 cask. Rosin
firm, $3.23 bid; receipts, none. Tar firm.
$1.80 hid: receipt*. 108. Crude turpentine
firm, $2.90, $1.76 and $5.00. Receipts, 40.
Mrs. Winslow’s Soothing Syrup.
The heat remedy for DIARRHOEA. Sold
by druggists in every part of tin- world.
Be sure and ask for "Mrs. Winslow’s
Soothing Syrup." and take no other kind.
Has le-en used for over FIFTY YEARS
|,v MILLIONS OF MOTHERS for their
CHILDREN WHILE TEETHING, with
PERFECT SUCCESS. It SOOTHS the
CHILD. SOFTENS I he GUMS. ALLAYS
all J’AIN. CURES WIND COLIC, and is
twenty-live cents a bottle.
NEW HIGH PRICES
EOR THE MOVEMENT
Bull Support Was Carried on
Aggressively
SALES WERE 250,000 BALES
Final Prices Were Within a Point or
Two of the Top—Weather Ad
vices Were Considered
Favorable.
V'ew York, April 10.—The cotton market
w)i more active today and reached new
high prices for the hull movement on ag
gressive support and covering'. The close
was steady at a net advance of six to
fourteen points. Sales for the day were
reported of 260,000 bales.
The market opened firm at an advance
of 5 to 9 points in response to higher
cables and bullish private advices from
Liverpool. Prices worked a little higher
immediately after the call on clique buy
ing, demand for May from spot Interests
and covering, but the offerings became
much heavier around 31.30 for' May and
11.22 for July, or even with the high point
of last month and the market eased off
a few points toward midday when trad
ing also became less active and It was
evident that the disposition among local
traders was to await the showing of the
first weekly review of the weather bu
reau for the season. This was published
at noon and proved rather more bearish
than otherwise but had no appreciable
effect on the market which rallied sharp
ly in the lato trading and sold at the
highest figures of the movement just ba~ !
fore the close. Final prices were within j
•a point or two of the top. Privule cables
from Liverpool reported Europe buying j
all the cotton offered and English spot 1
sales were 10,000 hales aj. an advance of
three points. Weather advices were con
sidered favorable on t^e average and
were reflected in the comparative easi
ness of the new' crop. Southern spot
markets wrere unchanged to 1 j, higher.
Receipts at the ports today 26.967 bales
against 22,197 last week and 41,163 last
year. For the week (estimated) 95,000
hnl(*s against 110.832 last week and 173,
316 last year. Today's receipts at New'
Orleans 7,656 hales against 11,861 last year
and at Houston 3.668 hales against 8,460
last year.
New York Cotton Futures.
New York, April 10.—Cotton futures
I opened firm and closed steady.
Open. High. Low. Close.
April . 11.19
May . I 1.26 II.33 I 1.24 I 1.32
June . 11.17 11.17 11.18
July . I 1.20 I 1.21 11.17 I 1.20
August. 11.01 11.04 11.02 11.03
8ept< mber . 11.70 . 10.73
October . 10.59 10.61 10.59 10.60
November . 10.59 10.58 10.58
December . 10.60 10.62 10.62 10.61
January . 10.63 10.65 10.63 10.64
Daily Cotton Movement.
Galveston—Firm; middling IP/fcc; net re
ceipts 8323; gloss receipts 8323; sales 628;
stock 152.097; exports to the continent,
1291.
New Orleans—Steady; middling ll?*o;
net receipts 7656; gross receipts 7656; sales
5806; stuck 229.149.
Mobile—Firm; middling 11 He; net re
ceipts 941; gross receipts 941; sales 100;
stock 25.881; exports to the continent S394;
exports coastwise 421.
Savannah—Steady; middling ll'gc; net
receipts 5131; gross receipts 5132; sales 1652;
stock 71,332; exports coastwise 1594.
Charleston—Firm; middling ll^c; net re
ceipts 544; gross receipts 544; sales 19.549;
exports coastwise 1146.
Wilmington—Steady; middling ll^c; net
receipts 324; gross receipts 324; stock 7855.
Norfolk—Firm; middling ll^c; net re
ceipts 910; gross receipts 910; sales 596;
stock 33,642.
Baltimore—Nominal: middling ll%c;
gross receipts 360; stock 9412.
Boston—Quiet; middling 11.SO; net re
ceipts 112; gross receipts 247; exports to
Great Britain. 951; exports to the conti
nent 100.
Philadelphia—Steady; middling 12.05; net
receipts 134; gross receipts 134; stock,
2938.
San Francisco—Net receipts 2892; gross
receipts 2892; exports to Japan 2892.
New York—Quiet; middling 31.80; gross
receipts 3794; stock 159,852; exports to the
continent 2216.
Total today, at all ports, net—-26,967; ex
ports to Great Britain, 951; exports to the
continent 12.001; Japan 2892; stoek 716,
875. '
•Consolidated, at all ports, net—55,308;
exports to Great Britain. 9111; exports to
France 3362; exports to the continent 12,
898: Japan, 2892; Mexico, 5<».
•Total since September 1. at all ports,
net— 6.863,658; exports to Great Britain,
2,456,217; France 6,069,116; continent, 2,
007.967: Japan, 94,846; Mexico, 2764.
•Corrected.
Interior Movement.
Houston-Steady; middling U7-16c; net
receipts 6668; gross receipts 5668; ship
ments 3563; sales 1800; stock 58.551.
Augusta—Steady; middling 11 7-16e; net
receipts 316; gross receipts 448; shipments
717: sales 704; slock 60.036.
Memphis—Steady; middling ll%c; net
receipts 311; gross receipts 1605; ship
ments 8563; sales 1800; stock 68,551.
St. Lodls—Steady: middling H 5-16c; net
receipts 2; gross receipts 1333; shipments
1990; sales 2429; stock 40.661.
Cincinnati—Net receipts 376; gross re
ceipts 376; shipments 312; stock 18,066.
Louisville—Firm, middling 1194c.
Total today Net receipts 4734; gross re
ceipts 9332: shipments 12.305; sales 6020;
stock 223,169.
New Orleans Cotton Market.
New Orleans. April 10.— Spot cotton In
active demand at. full prices. Sales 5700
hales, Including 21U0 to arrive and too
f. o. h. Quotations advanced *4c; mid
dling. 1194c.
Futures influenced by the unexpected
Improvement in Liverpool opened Arm.
with prices C to 7 points above last even
ing's finals. The strength and activity
of local spots also exerted a bullish In
fluence on contraels. The market closed
firm within a point of the top. Net gains
were 8 to 11 points.
New Orleans Cotton Futures.
New Orleans, April 10.—Cotton futures:
Open. High. Low. Close.
April . M.26 11-21 11.26
May ... n 32 11.37 11.32 11.36
Juno . 1138 11.43 11.38 11.42
July .. 11.41 11.47 11.41 11.46
August. ".19 11.18 II 18
September . 10.70 10.69 fO.70
October . 10 53 10 57 10.53 10.56
I December . 10.56 10.53 10.54 10.57
New Orleans. April 16. U -ot ton. spot
closed linn: sales, 37>«>; ordinary. xy:
good ordinary. 915-16c; low middling lay-;
middling 1l:y; good middling 117,. ; mid
dling fair. 12>,e.: Receipts 6734. Stock 229.
149.
Liverpool Cotton Market.
Liverpool, April la.- Cotton, spot In lair
demand; prices 3 poilds uglier: American
| middling fair, 4.67; good middling. 6,37:
middling 6.17; low' middling 6.01; good or
,dinary 5.83; ordinary 5.63.
'Hie sales of -the day were IO.O»m), of
which 1000 were for speculation ami ex
port and included 90uo American. Receipts
20,000 bale*, including 28.400 American.
Futures opened quiet and steady and
closed very steady. American middling,
good ordinary clause: April. 6d; April
May. 6d; May-Junc. 6,01; June-July, 6.02;
July-August, 6.02: August-Septfember, 5.97;
September-Octobf r. 5.82; October-Novem
ber. 5.75; November-December, 5.74; De
cember-January, 5.74; January-r ebruary.
5.74.
Dry Goods.
New York, April 10.—The dry goods
market today was quiet owing to the ob
servance of the holiday. Print cloths
wore more active, printed goods being
sold in small quantities for export. Lin
ings moved with considerable freedom.
Bleached and brown cottons were firm,
but in quiet call.
Ware & Leland’s Market Letter.
Liverpool was the center of bullish ac
tivity today and the New Y'ork cotton
market advanced in sympathy with
prices abroad. There was no change In
the character of the market and enor
mous quantities of July cotton seemed
to be for sale on the rise over 11.20.
It is now' some weeks since July first
ran over 11 cents and in the meantime
the range has been one within 30 points.
During the interval there has been ex
tensive buying of May and selling of
July and this has succeeded in bringing
about a congested condition in the May
option.
As long as the buying continues there
is not likely to he any change In the
present character of the market.
The new crops were in demand owing
to the advance in May and July and this
led to a generally firm market through
out the day. The situation Is of the kind
difficult to forecast ss the weather will
play an important part later on.
For the present the market movos
under the,impulse of the accumulation in
May and on all declines It 1h evident that
purchases will show a profit. The ten- !
deucy Is likely to be toward a higher level j
at least until after the disposition of the
New York stock on May contracts has
been decided upon.
Loveman & Co.'s Market Letter.
Liverpool was surprisingly good today.
Futures there closed very steady at an
advance of 4 to 5 points on all positions,
while spots were 3 points higher with a.
fair demand. Sales amounting to 10,000
bales in consequence of the encouraging
Liverpool our market opened steady at
an advance of 0 to 7 points on all posi
tions. Our market was very steady all
day and trading was somewhat more act
ive than yesterday, due to a better spot
demand and bullish cables received from
the English market, reporting that spin
ners were heavy buyers.
Tn spite of the predictions of fair weath
er for tomorrow in nearly every cotton
state, futures closed steady at a net gain
for the day of 11 points on near and 8
points on the distant months. Spots were
officially reported firm and % up. Sales
amounted to 3600 bales and of to arrive ,
2100.
Instead of weakening the situation In '
cotton becomes stronger every day. The
hungry spindles of the world are devour- '
lng the actual stuff in such a ravenous
manner that nil signs now point to a
famine before the end of the present sea
son. The outside public has held aloof
from the market hut when the Easter ;
holidays are over we look for a broaden
ing of speculative on the long side, and
consequently, much higher prices. We
would not wait until after the holidays
to buy but would buy before.
THE LOCALMARKETS
An advance In the price of spot cotton
of 12 points, %e. wag reported yester
day, hut there were no receipts of cot
ton of any grade.
A brisk demand for all lines of pro
duce prevailed in the local market yes
terday. The shipping sales were especially
heavy. The expected advance In the price
of eggs occurred yesterday, the price
quoted on the home product being 16
cents. It is understood that the Ten
nessee product cannot be bought for less
than 17 and 18 cents. There were no other
changes reported in the quotations of
prices.
A good trade prevailed in the grocery i
market yesterday, but there wrore no !
apparent features.
Local Cotton Market.
Good middling . 11%
Strict middling . 11%
Middling . 11
Strict low middling . 10%
Ix>w middling . 10%
Local Iron Market
IF .$14.5u
2F . 14.00
3F . 13.60
Grey Forge . 13.00
IS . 14.50
2S . 14.00
Mottled . 13.00
Hides and Wool.
G. 8. hides, No. 1.
Dry flint hides, No. 1. 15@17c.
Dry salt hides, No. 2. 13tf$15c.
Clear washed wool. 35(337c.
Unwashed wool, 26(3270.
Burry wool, 15c.
Sheepskins, 15<380c.
Tallow, 4#414c.
Local Securities.
(Corrected by J. M. Caldwell A Oa
Beil phone 2244.)
Bids. Asked
Ala. Consolidated, com. 72 73
Ala. Consolidated, pfd. 92 95
Am. Trust & Savings Bank.275 300
Atlanta and B'ham Ins. Co. 8 19
Avondale Land Co.100
Avondale Mills. 105
B'ham lee Factory .140
H'iiam Realty Co., com.115 155
B'ham Realty Co., pfd. .. .SO 90
If ham R., L. & P. Co., com.... 03 OS '
B’ham R . L. & P. Co., pfd.102 104
B’ham Trust and Saving Co-210 260
Bessemer C. 1. A L. Co. 25 30 I
Citizens Savings Bank .125
Commercial State bank.100 102
Dimmlck Pipe Co.96 101
East Lake Land Co.100
Ensley Land Co. 5 7 i
First National Bank .275 290 1
First National of Ensley .126 160
Georgia Ry. Elec. Co., com. 95 100
Georgia Ry. Elcc. Co., pfd.92 95
Gray & Dudley Hardware Co.. 106 109
Hotel Hillman .100
Jefferson County Savings Bank.225
Nashville Railway, com. 40 48
Nashville Railway, pfd . 84 83
North Birmingham Land Co. 47 65
People’s Savings Bank .135 ISO
Traders’ National bank. .100 io$
Bonds.
Ala. Consolidated, ns . 92 9$
Ala. Steel A Sh.pbulldlng Co-104 107
Alabama State Bonds—
ciass A . 100 191
Class B .100 m
Class C renewal 3H.102 106
Funding 4s .109 109
B’ham Ry. and Elcc. Co.105 108
•B'ham Ry.. L. A P. Co.110
B’ham It.. L. A V. Co.’s 4«as... 95 07
B’ham Water Works Co.110 113
City of Birmingham 5s.102 106
City of Birmingham 6s ..IV 111
Continental Gin Co.100
Country Club 8m . 5 76
Georgia Ry. and El»r. Co.103 105
Jefferson County Bonds—
Four and a haifs .104 107
Fives .107 U0
Sixes .117 121
Njtslivlih* Railway 5s.1M n*;i
gloss I and St. fUst mort.110 U3
Sloes ». and St. gen. mort.JP 16
Tennessee Coal and fron Co.—
General mortgage .1^0 lift
Tennessee division .P 111
Birmingham division .108 111
Cahaba division .10* 109
DcBardelebon division .103 104
•—Called fo” redemption July 1.
Local Staple Groceries.
Flour I'aj'Y patem. $5.73; standard
patent. 7- . straight, $4.99.
Warrant Warehouse Company
Best Protection. Lowest Insurance
Storage of cotton and all commodities- Loans negotiated
on our receipts. Concrete, automatic-sprinkled, ware
rooms. 35th St. and Ave- A, Birmingham. Both phones <)28
VI. P. NESBITT, - - 311 Woodward Building
FIRST NATIONAL BANK
OF BIRMINGHAM, ALA.
Condensed report to comp troller, April 6, 1906.
RESOURCES.
Loans and discounts.$5,494,819 20
Overdrafts . 6G7.37
U. S. bonds and premiums 1,080.000.00
Other bonds. 212,892.50
Alabama bond account... 42.500.00
Cash in vault and with
banks. 2,967,672.16
$9,798,511.23
LIABILITIES.
Capital stock.*1,000,000.00
Surplus and profits. 506,847.79
Circulation.. . 990,830.00
Deposits. 7,300,813.44
*9,798.511.23
State of Alabama and other lilgh-grado bonds bought and sold.
Coffee—Green, 11013c; Arbuckle’s, $16 65;
Porto Hlco, $16.65.
Meat—Dry salted ribs. Se; dry salted
rib bellies, 10c; extra clear. 0.15c; hams,
fancy, 14c; medium, 12Ho; bacon bellies,
HHc; California hams. »%c.
l^ird—Leaf, 9%c; compound lard, 7(flW4e.
Molasses—Centrifugal, 30035c; sugar
house <0c; Georgia cane. 34c.
White Peas—Per bushel, $1.7602.
Beans-Navy $2.25 per bushel; hand
picked Lima, 7c.
Grits—92 pounds. J1.66.
Meal- “Jim Dandy,” $1.15.
Macaroni, 7c.
Feed Stuffs.
Corn—No. 2 mixed, 63c: white, 64c.
Oats—No. 2 mixed, 43c; No. 2 white. 46o;
white clip, 47c.
Pure wheat bran, SO or 100, $lfl.
Cotton seed feed meal, $26; prime, $28.50.
Corn chops, $1.10.
Corn hearts, $1.15.
Shorts, 100 pound sack. $1.20.
Hulls—80-lb c. a., $9 ton; 80-lb. c. s., 40o
Back; 100-lb. c. s., $9 ton; 100-lb. c. 46o
sack; 75 lb sack hulls. 36c.
Hay—Choice timothy. $19.00: No. 1 timo
thy, $18.50; Johnson grass, $14; clover mix,
$17.60.
Fruits and Produce.
Lemons—Per box, extra fancy, $40425.
Oranges — California navel oranges,
$3.7604; grape fruit, $6.00.
Tqmatoes —Per crate. $3.5004.00.
Florida Beans—Per crate, $3.0003.50.
Limes—Per 100, $f.
Peanuts—Fancy, per pound, 6c; No. 2, 6c.
Sweet Potatoes—Cullman, $1.5001.76 per
barrel; yellow yams, 85090c.
Seed Sweets—Dooly's, per bushel, $1.26;
Queens, $1.
Celery—Per dozen, 75c; per crate, $3.50.
Cabbage—Newr crop Florida cabbage,
$2.75.
Strawberries, per quart, 25030c.
Egg Plan t—$2.50@$3.00.
Lettuce—New crop, per crate, $3.0003.60.
dozen, 76c0$l.
O n lo ns—2*5 2 Va c .
Onion Sets—Yellow, per bushel, $2;
white, per bushel. $2.25.
Pota toes— lrIsh, 95c# 1.00.
Tennessee Second Crop Triumph Seed
Potatoes, per bushel, 65076c.
Turkeys—On foot, 15016c; dressed, $17©
18c
Eggs—Per dozen, fresh, 16c.
Hens—30035c; chickens, 35040c.
Butter—Fresh, 12H®15c; renovated, 23o;
creamery, 33c.
Cheese—Full cream, per pound, 15c.
DR. Y. E. HOLLOWAY
SPECIALIST
FRiVTi DISEASES,
I guar^ptee
you' a pqi'wa
innt cure
private troubles
and that you
may know my
guarantee Is re
liable 1 refer
you with per
mission, to the
First National
bank, Alabama
National batik,
Steiner Broth
err. bankers
Jefferson Coun
ty Savings
bank and th*
People s wnvtngs Manic ana i rutn coin- |
pany, as to my honesty for my contracts '
Fully three-fourths oi my patients ha\e
been treated by some one else before call
ing on me to be cured. Why not come os
soon as afflicted? You will save money,
distressing pain ami valuable time; be
sides, there is satisfaction in knowing
that the very best treatment is being
given you by an honest, competent phy
sician. I have treated private troubles
as a specialty in the city of Birmingham,
Ala., since August 3. 1887 1 cure all man
ner of private diseases. I cure many pa
tients by mail treatment. Write for prices
and terms.
1 do not use large advertisements and
false statements to attract patients w'hlch
merit has failed to secure. If you fail to
be curtd by such methods, give mo a call
and get well.
My of floes are the most private and
quiet in the city, tenth story of the new'
First National bank building, corner of
Second avenue and Twentieth street.'
■Rooms 1006 and 1007. Take one of the fine
•elevators to tenth floor.
Office hours: 8:30 a m. to 6:30 p. ZB.
Sunday, 10 a m. to 12 in.
EXCELSIOR STEAM LAUNORY
DOES
EXQUISITE WORK
GEORGE A. BUNN & SON,
1817 Second Avenue. 'Phone 222,
CARROLLTON SHO..T LINE RAIL
WAY COMPANY.
SCHEDULE
Effective June 15, 1906.
No. 1. — a. 2.
H-et p.m. .Lv..Reform, /, i*. .Ar. .12:25 p.m.
4:08 p.m..Lv_ Htansel —Ar.. 12:15 p.m.
4:28 p.m...Lv.. Carrollton ..Lv..11:50 a.m,
4:43 p.m...Lv.. Carrollton ..Ar. '1:25 a.m.
4:68 p.m...Lv.... Dillburg ...Ar..11:1.. a.m.
6:25 p.m. .Ar... Allcevllle ...Lv.. 11:00 a.m.
First-class passenger train* meet and
connect with all main line Mobile & Ohio
trains.
For further Information apply to
JOHN T. COCTIKANN.
Pres, and Gen'l Manager,
Carrollton. Ala.
TOMBIGBEE VALLEY RAILROAD
COMPANY.
Passenger schedule, effective February
19, 1906.
Going North Going South
read down. read up.
No. 2 -So- *■
Lr. 7:30 a.m. Calvert . ..Ar. 6:1.. a m.
Ar. 7:45 a.m.... Falrford ...Lv. 5:00 a.m.
Lv. 8:30 s.m.... Falrford ...Ar. 6:52 a.m
Ar. 9:15 am . Sim* Chapel ..Lv. 5:17 a.m.
Ar. 10:15 a.m. diatom ....Lv. 3:5*1 a.tn
Mlllry and
Ar 12:4'* p i i. Mealing Spring* Lv. 2:30 a.m
All* trains dally *-x* <-pt Sunday. (Alai
train No. 1 .Monday!.
our train No. 1 south hound connect*
-.villi Southern railway train No. 21 nrrlv
l„K :j| Middle S:W a. m. Our train No. .’
north humid eomieets with Southern rail
way train No. 116. leaving Mobile at 5:55
a, ill. Conneclhuis are vlose and pussen
geis ran buy through tickets and rheck
baggage through from point* on Southern
to all points oil T V. Line and t ine versa
CHARLES 1’. DUKE.
JOHN T. COCHRANE. Superintendent.
President.
RAILWAY SCHEDULES
Showing tha arrival and departure ot
passenger trains at the Union station, Bir
mingham :
(Effective April 8, 1906 )
Loulsvi: and Nashville Railroad,
Arrive from— Depart to—
N. Orleans,. 11:4B am Cincinnati . 12:05 pm
N. Orleans.. 9:10 pm Cincinnati .. »:ll pm
Cincinnati .. 8:25 am N. Orleans.. 8:82 am
Cincinnati .. 4:00 pm N. Orleans.. 4:20 pm
•Decatur .... 7:00 pm ‘Decatur ... «:H am
•DecRtur _10:00 am ‘Decatur_3:35 pra
Montgom’y.. 7:16 pm Montgom'y.. 8:10 am
Montgom'y.. 10:40 am Montgom'y.. 3:16 pni
Birmingham Mineral Railroad.
Arrive from— iDepart to—
Blpcton .10:50 am|Blocton .... 6:20 am
Blocton .6:36 pmjBlocton . 2:00 pm
■Blocton .... 6:00 pm|*Blocton .... 8;» am
Anniston via Anniston via
Gadsden.. .10:25 am Gadsden .. 4:10 pm
Anniston via Anniston via
Gadsden .. 0:35 pin I Gadsden .. 8:33 am
Southern Railway.
Arrive from— Depart to—
Atlanta .10:1E am Atlanta . 4.06 pm
Atlanta ...,5:20 am Atlanta ....11 :SI) pra
Mob<le . 5:30am Qr'vllle ...,10:20pm
Qr'vllle . 6:40 am Wash'n . 6:60 pm
Waeh’n ...,12:01pm Heflin . 6:41am
Heflin .10:00 pm Qr'vllle .12:25 pra
Qr'vllle . 6:00 rm Mnbllo .10-36 pm
Mobile .10:05 pm | Mobile .0:20 am
Wash'n . 9:15 pm [Wash . 0:40 am
Corona . 9:86 am ICorona .. .. 3:40 pra
Queen and Creaoeni Route.
A rvlve from— Depart to—
N- Or.5:40 am Clncln . 6:45 arn
Clncln .10:20 pm N. (jt.10 35 pm
Clnoin ..10:15 am N Or.10:30 am
Chatta.12:00 m Chatta.4:00 pm
Merld'n —11:25 pm Meridian ... 4 30 pro
Meridian ...12:25 pm Meridian ... 5:45 am
N. Or.8 45 pm Clncln .8:50 pro
Fritcc System
Arrive from— Depart to—
Memphis ... 3:65pm Memphis ...12:20pm
Memphis ... 5:40 am Memphis ....10:80 pm
Winfield ....10:00 am Winfield .... 4:00 pm
Amory . 8:26 pm Amory . 8:80 ant
Central o> ocorg,^ Railroad.
A nrive from— I Depart to—
Savannah ....9:60 pm Macon .7:00 an
hivnntmh 12:0;'pm * Savannah .. 4:ou pro
oeaboara Aii Una.
Arrive from— | Depart tr—
Richmond .. 9:10 pm i Richmond .. 0:81 am
Richmond ..1:30 pm1 Richmond .. 9:10 pm
All trains run by central time. Trains
marked thus (•) are dally except Sunday.
Southern Railway Co.
Schedule in Effect Februar 11, 1906.
Trains leave Birmingham as roilows:
0:41) a. m.—No. 38, for Atlanta, Washing
ton, Baltimore, Philadelphia
New York and the East. Pull
man Drawing Koom Sleeping
Car, Birmingham to New
York. Dining car, Birming
ham to Atlanta.
0:20 a.m.—No. 19. for Montevalo, Ma<
plesville, Selma and way eta
Ilona.
12:26 p. m.—No. 86. for Columbua, Weal
Point. Winona, Greenwood
and Greenville; alao Sheffield
end Florence and North Ala
bama points.
1:40 p. in.—No. 15. for Cordova, Oakman.
Corona and way etatlone; alee
Bloesburg.
6:45 a. m.—No. 22 for Anniston. Heflin and
way stations: also Rome, Ga.
6:60 p. rn.—No. 8u for Atlanta, Charlotte,
Richmond, Washington, New
York and the East. Pullman
Sleeping Car Birmingham to
Richmond, *'a
4:06 p. m.—No. 24. j.nm«Uw>. Atlanta and
way stations; a'so for Jack
sonville and ud Florida points
also Talladega, Ala. Pullman
sleeping car .rmlnglmin to
Brunswick.
10:20 p. m.—No. 37, Tor Uwmmnus. West
Point, Winona, Greenwood and
Greenville. Pullman Drawing
Room Sleeping Car Birming
ham to Greenville.
10:36 p. m.—No. 21, for Selma, Mobile and
way atatlons. Pullman Draw
ing . oom Sleeping Car Bir
mingham to Mobile.
11:30p. m.—No. 9*. for Atlanta, Anniston
and way atatlone. Pullman
Sleeping Car, Birmingham tn
Atlanta. Sleeping Car can be
occupied at Union station 9:24
p. m.
For detailed Information and sleeping
car reservations apply passenger office,
Morris Hotel Building. Telephone 3041
Bell and 617 Peoples.
J N. HARRISON. Dl*. Pass. Agft.
R. B. CREAG. Trav. Pass. Agt.
Central of Georgia
Railway
1HR0UGH SERVICE H
MACON AND SAVANNAH
THE BEST ROUTE to all Mid
dle and South Georgia points,
Florida, Cuba, NasHau.
DRAWING ROOM BUFFET
SLEEPING CAR Birmingham
to Savannah.
Trains leave Birmingham 7:09
a. m. and 4:00 p. m.
For further intormatalon, apply
to
GEO. E. JORDAN, T. P. A.,
1921 1st Ave., Birmingham, Ala.
Phones 976.
Birmingham and Atlantic Railroad.
in effect January 14. 19ot>.
I' M. A.M. P.M. A.M,
13 5 7
Lv. Talladega . 7 46 5:45 7:45 2:31
Lv. Pell City . 8:51 C:..s 8:51 4:34
Ar. Coal City . 9:45 7:30 9:29 5:64
Ar. Birmingham ....10:10 9:10 10:10 9:lt
A.M. P.M. A.M. P.M.
2 4 0 8
Ar. Talladega .10:10 tl.;l2 10:10 0:47
Ar. Pell City . 8:25 5:20 8:51 5:40
Lv. Coal city . 7:55 4.50 7:v5 6:10
Lv. Birmingham -6:40 4:"5 6:40 4:o5
Close connection* at P* 11 City with
Southern railway and at Coal City with
the Seaboard Air Line railway.
Nos t. 2. 3 and 4 dally except Sunday.
Nos 5. C. 7 and 8 Sunday only.
J. F. FLEETWOOD.
Superintendent.
FELIX A. VOGEL.
General .Vlanaaar.