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The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, July 07, 1906, Image 9

Image and text provided by University of Alabama Libraries, Tuscaloosa, AL

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn85038485/1906-07-07/ed-1/seq-9/

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OFFERINGS AGAIN
SOURCE IN STOCKS
Impression is Renewed That
Liquidation is Over
VERY DULL ON THE RISE

Market Was Almost at a Standstill for
Long Intervals and Prices Drifted
Aimlessly—Selling for
London Account.
N«w York, July 6.—Very early in to- j
day’s transactions in the stock market
the same scarcity of stocks offering for j
sale developed as yesterday. This renewed
the impression that the liquidation was (
over for the present. This conclusion was
accepted with extreme caution by the pro
fessional element owing to the miscaicula
tion of some symptoms yesterday when
the market sold off weakly at the last
after a day of striking firmness and
freedom from selling pressure.
The excessive dullness which develop
ed today on the midday rise was the re
flection of this suspicious attitude. The
market was almost at a standstill for
long Intervals and prices drifted aimless
ly until the entrance of new buying or
ders into the market caused the succes
sive upward movement.
The discussion about the stock exchange
(hinged 'largely on the technical condition
of the market and took little account of
the general situation of affairs.
News of general conditions has been in
fact almost undeviatingly favorable
throughout the period of decline in the
stock market. Conjectures as to the ex
tent and strength of the short inter
est in the market made up the staple of
the discussion. A large borrowing of
stocks by individual firms, which are not
ordinary conspicuous in speculative deal
ings on the exchange, was reported. On
the face of it the borrowing of stocks
for delivery supported a short sale of a j
similar amount. The importance of the in
cident was its reflection on the suspicious
and unsettled state of professional spec
ulative sentiment. The opening market
still showed the effects of the disappoint- 1
anent over the miscarriage of yesterday's
attempt to carry prices higher.
The opening weakness was aggravated
by selling for London account. Consid
erable dlsqultude was caused in that cen
ter by the ministerial* remarks in par
liament of the hazard of an outbreak of
a religious war in Egypt, with the con
sequence to be looked for of expensive
outlay for the conduct of a campaign.
London’s discount market was not affect
ed and continued to work lower with fa
voring effect upon New York's prospects
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, Provisions, Stock*,
Bond*.
-round Floor Woodward Building.
Both Telephone*, 1145.
Members—
New York Cotton Exchange,
New York Coffee Exchange,
New Orleane Cotton Exchange,
Liverpool Cottor. Association,
Chicago Board of Trade.
PRIVATE WIRES TO
New York, Chicago, t.'ew Orleans.
C. H. COTHRAN. Manager.
LOVEMAN ® CO.
BROKERS.
119 N. 20th Street.
Members:
N. Y 4 N. O. Cotton Exchanges,
Chicago Board of Trade.
Both Telephones 61.
OTTO MARX & 00.
BANKERS AND BROKERS.
Ground Floor, First National Bank
Building.
MORTGAGE LOANS.
Place your mortgage loans direct
«vi.i. the United States Mortgage and
Truet Co. of New York. Capital, sur
plus snd undevlded profits over $5,000,
CCO. Interest rate the lowest.
C. GAZZAM. Agent.
$36 First National Bank Building.
C.G. Abercrombie & Co. (
Memfers New York and New Kj
Orleans Cotton Exchanges and ■
I Chicago Board of Trade. |
New Orleans Correspondents, j
W. & B, Beer |
STEINER 3R0S.
BANKERS
Investment securities bought and
6old. Loans negotiated on real
estate at lowest rate of interest.
GIBERT * CLAY
Gotton, Stocks, Bonds,
Grain and Provisions,
Members of N. Y. Stock Exchange
N. Y. and N- O- Cotton Exchanges
and all other Leading Exchanges.
I DIRECT PRIVATE WIRES
1923 1st Ave. W.L. Sims, Mgr
Slocks and Bonds
Citizens Savings Bank
Slock and Bond Department.
Both Phones (6*
CLOSING STOCK LIST.
_Bales. High. Low. Close.
Adams Express.240
Amal. Cop.83300 991/4 9714 ,9914
Am. C. A F. 1000 36W» 35 36
do pfd. 800 99 9854 9814
Am. Cot. Oil.. 400 2914 293s 2914
do. pfd. 90
Am. Ex.220
A. H. A L., pfd.. ...... „.... 28
Am. Ice Secur... 9900 58 65 5734
Am. Lin. Oil. 19
do pfd. ;. 40
Am. Locomotive.. 5700 6714 6674 6714
do. pfd. 113
Am. Smelt. A R..22800 146 14234 14514
do pfd. 1300 I 1514 115 11414'
Am. Sug. Ref.... 2200 13034 18814 1301 2
Am. Tob . p. .. 97
A. M. Co.. ex-d..31 100 23514 230 88514
Atchison.10500 88 863b 8774
do pfd. 400 9934 9934 99'2
Atl. C. L. 500 135 135 134
Balt. A Ohio .... 6400 11634 I 151/2 11614
do. pfd. 92'4
Brook. R. T.36200 75'/4 72 743-4
Cana. Pacific .... 1200 15914 18834 159
Cent, of N. J.... 100 222'4 2221/4 22214
Ches. A Ohio .... 300 56'/4 5574 5614
Chi. G. W. 600 1674 1634 1634
Chi. A Northw... 900 19814 195 196
Chi., M. A St. P..29200 17312 I693B 17334
Chi. T. A T. 100 13 13 12
do. pfd. 29
C..C..C. A St. L. 200 923-4 92 9234
Col. F. A 1.22000 4934 4734 4914
Col. A Sou. 700 3374 3314 3334
do 1st pfd. 6712
do 2d pfd. 300 4734 47'/2 4714
Consol. Gas . 3600 14034 13814 14014
Com Pro., ref- 300 1934 !9'/4 1914
do pfd.' 7714
Del. A Hud. 500 213 209'2 21274
Del., L. A W. 520
Den. A Rio G.... 600 4034 3974 40?2
do pfd. 84
Dis. Secur, ex-d. 1000 5714 56 5714
Erie .15200 41 4014 41
do 1st pfd. 100 7714 • 7714 7714
do 2d pfd. 67'2
Gen. Electric ... 700 16314 163 16214
Hock. Val. 125
111. Central . 500 176 17414 17614
Inter. Paper . 300 1814 18 183 4
do. pfd. 8214
Inter. Pump . 100 40 40 42
do pfd. 100 8234 8234 8214
Iowa Central .... 100 2434 2434 2414
do pfd. 46
Kan. City Sou_ 1000 2374 2334 2334
do pfd. 200 50 50 50
Louis. A Nash... 1200 14214 141 1423s
Mex. Central .... 700 2014 20 20'/e
Minn. A St. L.. 400 65 64 64
National R. R. of
Sault Ste. M. 152
Sales. High. Low. Close.
do pfd. .. ...... .* I70V4
Mo. Pacific . 4600 91 8834 91
Mo., K. & T. 800 327a 3234 323*
do pfd. 200 6634 66'a 67
National Lead .. 5400 743/4 72',* 7434
Nat. R. R. of
Mex.. pfd. 100 37'/a 37'.* 37',*
N. Y. Central ....12800 I3IWS 1287* ISO**
N. Y. O. & \V.... 2700 48 473* 47'/4
Nor. & West. 400 87 '/4 87 87
do. pfd.•••• 90
North Am. 100 93 93 9234
Pacific Mail . 100 31 31 30
Penn.81000 126'/* 1321'a 1257a
People’s Gas .... 200 90 90 8914
P C C & St .. 78
Pressed S. C. .... 5400 457* 43',* 46**
do pfd. 200 96 95' * 95'. a
Pull Palace Car. 100 219 219 219
Reading .8MOO 122** II# 123'/*
do. 1st pfd. .. ®0
do. 2nd pfd.••• . »*
Republic Steel . .. 100 27 27 27
do pfd. 400 95'/a 95 95'4
Rock Island Co.. 1600 233* 23U 23*a
do pfd. 300 61'* 61 '/4 6134
St. L. & Bart
Fran. 2d pfd. 41
St. L. Swn. .. . 20Ml
do pfd.. 200 49',* 49V4 49',*
Sou. Pacific .12900 66'/4 65 66
do pfd. 100 M6'/4 M6'4 116
Sou. Railway .... 3400 34V4 33s* 34'4
do pfd. 98'*
Tenn. C. & 1. 800 144*4 14234 143
Tex. * Pacific... 1200 31'/* 303« 313*
To!., St. I., & W. 600 26 25'/* 26
do pfd. 400 47'/4 46*4 46
Union Pacific ... 73900 144'/* 1413* 144
do pfd.. ..I . 94'/>
U. S. Ex. 118
U. S. Realty . 500 811* 807* 80*4
U S. Rubber .... 800 45'/4 44 44'4
do pfd. 100 107'/a l07'/a 107'/*
U. S Steel .65400 35 33** 347*
do pfd.26000 10134 997* 101 ' *
Va.-Caro. Chem.. 100 34 34 34
do pfd. .. . '°8
Wabash. 19
do pfd. 400 44'* 44 441/4
Wells Far. Ex... 281
West'h. Elec. 100 150'/* 15034 150',4
West. Union . 92
W. & L. E. . 17'*
Wlseon Cen.’ . 23'*
do pfd. 100 4434 4434 4414
Nor. Pacific 14400 200*4 195' a 200' *
Cont. Leather .. 200 35 35 35'*
do pfd. 100 101 101 100
Sloss-Shef. 400 71'* 70'/* 7 M/a
Gt. Nor., pfd. ... 9900 290 281'/a 289'2
Interb. Met. 1400 37'* 36 37'/4
do pfd. 1200 74'* 72'4 74'/4
Total sales for the day, 708,300 shares.
for securing gold at that center next
week, but money conditions here were
also rather easier, rates for call loans I
•falling during the day. For time loans
the freer offerings were confined to the
shorter periods, while for six months
loans and longer carrying over the end
of the year money was reported to be
still scarce and hard to get. Foreign ex
change held most of yesterday’s recovery
which was believed to be above the level
of profit for gold engagements. Estimates
of the currency movement with the in
terior by express varied from a small
loss to a gain of a few hundred thous
and dollars, the movement towards this
center on balance having evidently abated
from that of last week. On sub-treasury
operations the banks have gained during
the week $603,000.
In connection with the recovery in prices
the reports were revived of a supposed
deal for the Great Northern’s ore lands
by the United States Steel corporation
and of a rumored intention to increase
the Amalgamated copper dividend. It was
not until late in the day that the rising
tendency proved convincing to the skep
tical traders. Their belated buying then
made the closing strong.
Bonds were heavy. Total sales par value
$1,960,000. United States 'bonds were un
changed on call.
Bonds.
U. 8. refunding 2s, registered.I03V4
U. 8. refunding 2s, coupon .10314
U. S. 3s, registered .102
U. 8. 3s, coupon .10244
U. 8. old 4s, registered ....10244
U. 8. old 4s. coupon ex-ln.10244
U. 8. new 4s, registered.l29'/4
U. 8. new 4, coupon .l29»/4
I,. N. unified 4s .101
Southern Railway 5s .116
Mobile and Ohio ct. 4s...«.... 96
Money on Call.
New York, July 6.—Money on call easier,
[email protected]; ruling rate, 3; last loan, 2%; clos
ing bids, 2; offered at 3.
Time loans steady; sixty days, 4% per
cent; ninety days, 4%; six months, 6%.
Prime mercantile paper, 5#5% per cent;
sterling exchange steady, with actual bus
iness in bankers’ bills at [email protected] for
demand and at 482.065'482.10 for sixty day
Lalls; posted rates, 482% and 485%; com
mercial bills, 481a*.
Bar silver, 65%. Mexican dollars, 50. Gov
ernment bonds steady; railroad bonds
heavy.
Treasury Statement.
Washington, July 6.—Today's statement
of the treasury balances In the general
fund, exclusive of the gold reserve, shows
available cash balance, $176,466,820; gold
coin and bullion, $92,690,952; gold certifi
cates, $43,771,090.
Clearings and Exchange.
New Orleans, July 6.—Clearings, 13,619.
266; New York exchange, 50 cents dis
count; commercial paper, 6 per cent.
Memphis. July 6.—Clearings, $731,569; bal
ances, $57,158.
Seaboard Air Line.
Baltimore. July 6.—Seaboard Air Line,
common and preferred, nothing doing.
Coffee Market.
New York, July 6.—Coffee, spot Rio
steady; No. 7 Invoice, 7%; mild steady;
Cordova, 90)1254.
Futures opened steady at unchanged
prices, in keeping with steady European
cables, hut cased off a partial 6 points
during the session, under a little Euro
pean selling, and local liquidation. Part
of the trading was In the shape of ex
changes from September to later months.
The market steadied up a little In the
afternoon on reports that a French au
thority had estimated the total Brazilian
crop at 10.844 bags. The dose was steady,
net unchanged to 6 points higher. Halm
reported 37.500 bags. September, 6.260
6.30; October, 6.35; December, 6.5006,55;
May, 6.8506.90.
Live Stock Market.
Chicago, July 6.—Cattle receipts 3500;
steady; common to prime steers. $406.10;
COWS, $304.50; heifers. $2.7505.25; bulls.
$2.7501.35; calves. $6.5006.50; Stockers and
feeders, $2.7504.60.
Hog receipts, 19.000; 10 cents lower;
choice to prime heavy, $6.750 6.7754: me
dium to good heavy, $6.600 6.75; butcher
weights. $6.7506.80; good to choice heavy
mixed, $6.6006.75; packing. 606.75.
Sheep receipts, 10,000; firm; sheep. $4.25
06.35; yearlings. $5.4007.40; shorn lambs,
$5.4006.
Cotton Seed Oil.
New Orleans, July 6.—Cotton seed oil;
Prime, 34; crude, 29.
New York. July 6.-Cotton seed oil. firm,
prime crude, f. o- b. mills, 27, nominal;
' new crop. Do. yellow, 3703754. Petroleum,
steady. Rosin, firm. Turpentine, fitm.
Memphis, July 6.—Cotton seed oil; Prime
crude 2954030; prime summer yellow, 33;
prime meal, 26.500-27.00; prime cake,
nominal.
Metal Market.
New York. July 6.—There was a further
sharp decline in London tin, spot closing
at £172 10s and futures £168 17s 6d. Local
market weak and lower in sympathy;
spot, $37.50037.75. Copper higher In Lon
don. spot £81 10s and futures £80 10s.
Ixjcally no change reported. Lake, $18.50
019; electrolytic. $18-25018.6254: casting,
i $18,013.1254 Lead unchanged, $6.7506.80:
locally. Lower, £16 10s In London. Spel
ter was unchanged In both markets, clos
ing. £26 17s 6d In London and [email protected]
locally. Iron unchanged In English mar
kets; standard foundry, 4»s Id and Cleve
land warrants, 50s 194d. Locally unchang
ed with No. 1 northern foundry quoted
$1S.304^18.75; No. 2 foundry northern. $17.75
@18.25; No. 1 foundry southern, [email protected]'1S;
No. 2 foundry southern, [email protected]>17.S0.
Chicago Change.
Chicago, July 6.—Excellent weather for
the new crop in the United States caused
weakness today In the local wheat mar
ket, the September delivery closing out at
a net loss of ’4®%c. Corn was down
He. Oats were off He. Provisions were
[email protected] lower.
The leading futures ranged as follows;
Wheat— Open. High. Low. Close.
July . 7992 79'/2 79 79
Sept. . 7992 7992 79 7992
Dec.. 81 8- 8012 8092
Corn—
July . 5172 5172 5072 5192
Sept. 52 521/2 5192 5194
Oats—
July . 3892 389 2 3 792 389a
Sept. 35'/4 3594 3492 3494
Dec. 36 36 3592 3592
Mess Pork—
July .17.75 17.75 17.50 17.50
Sept.17.20 17.25 16.95 17.00
Lard—
July . 8.90 8.9292 8.8 94 8.82* 2
Sept. 9 05 9.10 8 9712 8.9792
Oct. 9.0792 9.10 9.00 9.00
Short Ribs—
July . 9.62 92 9.621/2 9.50 9.50
Sept. 9.52 92 9.52 92 9.35 9.3792
Oct. 9.30 9.30 9.1242 9.1292
Cash quotations were as follows:
Flour—Easy.
Wheat—No. 2 spring, 82®63c; No. 3, 76®
83c; No. 2 red. 80%®80%c.
Corn—No. 2, 52c; No. 2 yellow, 62%c.
Oats—No. 2, 38%c; No. 2 white, 40®41c;
No. 3 white, 37®39%c.
Rye—No. 2, 60c.
Barley—Good feeding, 39®41c; fair to
choice malting. 43®61e.
Flax Seed- No. 1. $1.06%; No. 1 north
western. $1.10.
Timothy Seed—Prime, $4.
Clover—Contract grades, $11.26.
Short Ribs Sides—Loose. $9.45®9..V>.
Mess Pork—Per barrel, $17.50®17.55.
Lard—Per 100 pounds. $8.82%.
Short Clear Sides—Boxed. $9.75®0.87%.
On the produce exchange today t1ie but
ter markqt was steady; creameries, 15®
20c; dairies, 15®18e.
Eggs—Steady; at mark cases included,
12®14o; firsts, 14%c; prime firsts, 16c; ex
tras. 18c.
Cheese—Steady, 10%®ll%o.
Naval Stores.
Charleston, July 6.—Turpentine and rosin
nothing doing.
New Orleans, Jqly 6.—Naval stores;
Pitch, $4.50; pine tar, $4.50; coal tar, $3.50.
Rosin, firm: A, B. C, $3.60; D. $3.90; E,
$4.10- F. $4.20; O. $4.26; H. $4.40; T, $4.45; K,
$4.60; M. $4.55; N. *4.60: W. 0. S5.00; W. W.
$5.20. Turpentine, firm, $67%.
Wilmington. July 6.—Turpentine, firm;
56%: receipts 121 casks. Rosin firm, $3.40;
receipts 212. Tar flm. *2.00; receipts 13.
Crude turpentine, firm, hard, $2.76; dip.
$4.30; virgin, $4.60; receipts. 119.
Savannah. July 6.—Turpentine, firm. 57%;
sales. 1054. Receipts 1792; shipments 77.
Rosin firm; sales, 2360; receipts. 4996; ship
ments, 80; stock, 05.888. Quote: A. R. C,
$3.50: D. $3.90; E. $4.10; K. $4.20; G. $4.26;
If. *4.10; I. $4.45; K, $4.60; M, $4.66; N,
$4.60; W, G, $5.00; W. W, $5.30.
Ware & Leland’a Market Letter.
The monthly report on the condition
of the growing crop was the event of
the cotton week.
The figures showing a decline of 1.3 per
cent since June 5. were not quite as high
as many expected, hut were in a measure
offset by the rains following the compila
tion of the figures the latter part of
June.
The decline in the Texas condition was
in a great measure responsible for the
lower general average.
Since the makeup of the report, how
ever, Texas had the necessary rains and
this knowledge prevented very much of
an advance after the figures were re
ceived. Since Tuesday the market has
advanced on short covering and has en
joyed one of the normal recoveries after
a break at this season of the year. The
cotton crop is far from being made and
all sorts of trials are still before the
plant.
For this reason, shorts take profits on
declines and wait for recoveries before
selling again.
At the same time many are willing to
buy on breaks looking to an advance on
! the first bad weather.
In this way the market has become a
scalping affair and can hardly be ex
pected to change radically until the crop
news changes for the worse. Reports from
the south show fine crop prospects and
with any sort of weather during the
balance of the season, a good crop should
result. But so much cotton is needed
next year that no one is inclined to an
| tlcipate events as long as weather de
velopments continue favorable, fluctua
tions are likely to continue as they have
been for two months past.
Attractive ad». are illuatrated. Let
the Gawk mAke your illuetratlonA
Aoe-Herald Building.
COTTON MARKET
IS AGAIN QUIET
Prices Ruled Generally Steady
on Covering
SALES WERE 75,000 BALES
Some Rain Needed In the Southwest,
But Late Reports Indicated Show
ers In That Section of
Country.
i
New Tork, July 6.—The cotton market
was quiet again today, but there was a
little more business than yesterday and
prices ruled steady on covering for over
the week end. The close was quiet and
steady at an advance of [email protected] ponts. with,
sales for the day estimated at about 75.000
bales.
The opening was steady at a decline of 1
point to an advance of 2 points, and the
market steadied up right after the open
ing on covering by local shorts and a
little buying through wire ant! commission
houses, which was promoted by firm
cables, the relative firmness of the spot
market and the absence of the agresslve
pressure. After selling up to a net ad
vance of tVfio points on the active months
the market turned Irregular and lost part
of the gain In the late trading as a re
sult of realizing. Weather reports were
considered favorable. There was some talk
that rain was needed in the southwest,
but late reports indicated showers in that
direction of the country.
Estimated receipts of cotton at the ports
today 4633 hales against 4287 last week and
14,812 last year. For the week, 25,000 bales
against 30,625 last week find 62,549 last
year. Today's receipts at New Orleans,
1065 hales against 1393 last year, and at
Houston 233 hales against 2407 last year.
New York Cotton Futures.
Open. High. Low. Close.
July rrm 10.21 10.25 10.20 10.23
August . 10.32 10.36 10.31 10.33
September . 10.32 10.36 10.34 10.33
October . 10.31 10.36 10.31 10.33
November . 10.34
December ....... 10.34 10.40 10.34 10.36
January . 10.39 10.44 10.39 10.40
February. 10.40 . 10.41
March . 10 46 10.52 10.47 10.48
Dally Cotton Movement.
Galveston—Steady; middling, 11 1-lc;
net receipts, 566; gross receipts, 566; sales
983; stock. 27,521; exports coastwise. 209.
New Orleans—Quiet; middling. 1114c; net
receipts, 1016; gross receipts, 1015; sales.
700; stock. 53,184; exports to France, 7500;
exports to the continent, 4254; exports
coastwise, 365.
Mobile—s-ulet; middling. 1094c; sales, 25;
stolck, 6840; exports coastwise. 74.
Savannah-Middling, 1094c; net receipts,
2020: gross receipts, 2020; sales, 700; stock.
35.564: exports coastwise, 163.
Charleston—Quiet; net receipts, 42; gross
receipts. 42; stock, 3501: exports coast
wise, 30.
Wilmington—Nominal; middling. 1094c;
net receipts, 475; gross recelp^, 475; stock,
8966.
Norfolk—Steady; middling. tlV; net re
ceipts, 441: gross receipts. 441; sales, 60;
stock, 14,814; exports to the continent,
314; exports coastwise, 510.
Baltimore—Nominal; middling. 1114c;
net receipts 75; gross receipts 3575; stock,
2026; exports to Great Britain, 4665; ex
ports to the continent, 1426.
Boston-Quiet; middling, 10.80; gross re
ceipts. 123; exports to Great Britain, 79.
Philadelphia—Steady; middling. 11.05;
gross receipts, 384; stock, 1643.
Newport News—Gross receipts, 177;
sales, 177.
New York—Quiet; middling, 10.30; gross
receipts. 2167; sales. 3675; stock, 114,525.
Total today, at all ports, net—4633; ex
ports to Great Britain. 4911; exports to
France, 7506; exports to the continent,
5994: stock, 271,398.
Consolidated, at all ports, net—25,406;
exports to Great Britain. 25,788; exports to
France, 8012; exports to the continent, 24,
167; exports to Japan, 414.
Total since September 1, at all ports,
net—7.676,447; exports to Great Britain,
2,778,838; exports to France, 701,507; ex
ports to the continent, 2,678,434; exports to
Japan. 117,360; exports to Mexico, 2764.
Interior Movement.
Houston—Steady; middling 11c; net re
ceipts. 238; gross receipts, 233; shipments,
188; stock, 15,060.
Augusta—Firm; middling 1114c; net re
ceipts, 276; gross receipts, 2<6; shipments,
403: sales, 159; stock, 26,853.
Memphis—Quiet: middling, 1094c; net re
ceipts. 17; gross receipts, 168; shipments,
393; sales, 56; stock, 11,264.
St. Louis—Steady; middling, 1094c; net
receipts none; gross receipts, 163'; ship
ments, 163: sales. 426; stocs, 27,591.
Cincinnati—Net receipts. 6; gross re
ceipts. 6; shipments. 1: Htoek. 6819.
lstulsville—Firm: middling. 1114c; net re
ceipts, 30: gross receipts, 30; sales, 6; stock
125.
Total today—Net receipts, 562; gross re
ceipts, 896: shipments, 1148; sales, 640;
stock, 87,712.
Weekly Interior Cotton Towns.
New York, July 6, 1906.
Albany—stock, 1848.
Athens—Receipts. 318: snipments, 674:
sales, 68; stock, 8357.
Atlanta—Steady; middling, 1088c; re
ceipts, 11; shipments, 567; stock, 1667.
Brenham—Receipts, 11: shipments, 10;
stock. 774.
Charlotte—Steady: middling, I1‘*e; re
ceipts. 185; shipments, 185.
Columbia—Receipts. 775; shipments,
3344: stock. 15.431.
Columbus, Ga.—Steady; middling. 1084c;
receipts, 100; shipments, 725; sales, 725;
stock, 13,526.
Columbus, Miss —Stock, 80S.
Eufaula—Shipments, 5; stock, 1845.
Greenville—Receipts, 3: stock, 1186.
Greenwood. H. C.—Receipts. 91; ship
ments. 91; stock. 4990.
Helena—Receipts. 1; shipments, 143;
stock, 34.
Utile Rock—Quiet; middling. 10*4c; re
ceipts. 381: shipment*. 129; stock. 25.376
Macon—Receipts. 35; shipments, 28;
stock, 4559.
Meridian—Receipts. 306; shipments. 621;
stock. 6283.
Montgomery—Steady: middling. 1084c;
receipts, 203; shipments, 781; stock. 10,890.
Nashville—Steady: middling. 10T4,c; re
ceipts, 15; shipments. 29; stock, 645.
Natchez—Receipts. 20: shipments, 283;
stock, 1011.
Newberry—Receipts. 12; shlpmenls, 12.
Raleigh—Easy; middling. 111 ic-; receipts,
210; shipments. 245: stock. 693.
Rome—Receipts. Ill; shipments, 266;
stock. 363.
Selma—Receipts. 101; shipments. 253;
stock. 4471. I
Shreveport—Quiet: middling. 10 15-16c:
receipts. 146; shipments. 1050; stock. 2124.
VIckBburg—Receipts. 5; shipments. 397;
stock, 3020.
Yazoo City—Receipts. 2; shipments, 02;
stock. 470.
Comparative Statement.
New York. July 6.—For the week end
ing Friday. July 6:
Net receipts at all I'nited States ports
during week, 25,406; net receipts at all
United States ports same week last year
69.863; total receipts since September 1
7.678.447, total receipts to same date last
year 9.888,041. exports for the week 56.
381; exports for same week last year
67,740. total exports since September 1
6.186,903, total exports same date last year
8,060,566, stock at all United States ports
271.398. stock at all United States ports
same time last year 372,892, stock at all
interior towns 193.904. stock at all Interior
towns same time last year 1S4.684. stock at
Liverpool same time last year 841.000.
stock of American afloat for Great Brit
ain same time last year 87.000.
Weekly Cotton Statement.
New York. July 6—The following
statistics on the movement of cotton for
the week ending Friday, July 6. were
compiled by the New York Cotton Ex
change:
WEEKLY MOVEMENT.
This Year. Last Year.
Port receipts . 28.480 62.549
Overland to mills and
Canada . 3,894 11,220
Southern mill takings
(estimated) . 30,000 30.000
Loss of stock at In
terior towns . 10.321 15.303
Brought Into sight for
the week . 51.033 88.461
TOTAL CROP MOVEMENT.
This Year. Last Year
Port receipts . 7.671.867 9.684.379
Overland to mills and
Canada . 930.281 1.063.563!
Southern mill takings
(estimated) . 2.040.000 2.035.000
Stock at interior
towns in excess of
September I . 40.298 134.302
Brought into sight
thus far for season .10.682.446 12.917.244
Total Net Receipt*.
New York. July 6.—The following are
the total net receipts of cotton Rt all
ports since September 1:
Galveston 2.517.925. New' Orleans 1.*507.709.
Mobile 241.791. Savannah 1.459.418. Charles
ton 169.376. Wilmington 324.367. Norfolk
624,*542. Baltimore 61.598, New York 6575,
Boston *52,271, Newport News J4.9S4. Phil
adelphia 8763. San Francisco 37.345. Bruns
wick 178.483, Port Townsend 63.281. Pensa
cola 143.314. Portland. Ore., 4146. Port Ar
thur and Sabine Pass 101.262, Jacksonville
18.258. Eagle Pass, Tex.. 3479. El Paso. Tex.,
150, Laredo, Tex.. 5661, minor ports 19,
817, total 7.676.447 bales.
New Orleans Cotton Market.
New' Orleans. July 6.—Cotton spots
closed quiet and unchanged with quota
tions revised; middling. 11%. Sales were
200 bales on the spot and GOO to arrive,
a total of 700.
Futures opened quiet. 1 point lower to
1 point higher than yesterday s close.
Throughout the session the market was
very dull and fluctuations narrow'. The
close was dull but steady with prices 2
points higher to 6 points n&t lowrer.
New Orleans Cotton Futures.
Open. High. Low. Close,
July . 11.17 11.19 11.12 11.12
August . 10.60 10.65 10.60 10.62
September . 10.39 1 0.43 1 0.39 1 0.40
October . 10.25 10.29 10.25 10 26
November . 10.26 10.28 10.26 10.27
December . 10.28 10.32 10.28 10.29
January . 10.34 10.30 10.34 10.35
February . 10.37 10.39 10.37 10.33
March . 10.46 10.50 10.46 10.47
New' Orleans, July 6.--Spot cotton closed
quiet; sales TOO bales. Low' ordinary, 7*4
nominal; ordinary, 8% nominal; good or
dinary, 9 9-16; low middling. 10%; mid
dling, 11%; good middling, 11%; middling
fair. 12 nominal; fair, 12%. Receipts, 1015;
stock, 63,184.
World’* Visible Supply.
New Orleans, July 6.—Secretary Hester’s
statement of the world’s visible supply of
cotton, made up from special cable and
telegraphic advices, compares the figures
of this week with last week, Inst year and
the year before. It shows a decrease for
the week just closed of 233,353, against a
decrease of 120,845 last year and a decrease
of 89,840 year before last.
The total visible Is 2,881,113, against 3,114,
46*5 last week, 3,316,196 last year and 1,
977.963 year before last. Of this the total
of American cotton Is 1,616,113 against 1,
759.466 last week. 2,048,196 last year and
1.007.963 year before last, and of all other
kinds, Including Egypt, Brazil, India,
etc., 1,265,000 against 1.365,000 last week,
1.268.000 last year and 970.000 year before
last.
The total world's visible supply of cotton
as above shows a decrease compared with
last week of 233,353, a decrease compared
with last year of 435,083 and a decrease
compared with year before last of 9011,150.
Of the world’s visible supply of cotton
as above there is now afloat and held tn
Great Britain and continental Europe 1,
477.000. against 1,720,000 last year and 1.
169.000 year before last; in Egypt. 66,000,
against 115,000 last year and 101,000 year
before last; In India, 863,400, against 910,
c*00 last year and 461,000 year before last;
and in the United States 475,000 against
571.000 last year and 247,000 year before
last.
Liverpool Cotton Market.
Liverpool, July 6.—Cotton, closing spots,
dull; prices unchanged. American mid
dling fair. 6.58; good middling, 6.30; mid
dling, 6.08; lowf middling. 5.90; good ordin
ary. 5.70; ordinary, 5.50. The sales of
the day were 5000 bales of which 500 were
for speculation and export and Included
4900 American. Receipts 8000 hales all
American. Futures opened steady and
closed steady. American middling g. o.
c.: July, 5.83; July-August, 5.7805.79; Au
gust-September, 5.7105.72; September-Oc
tober, 5.6406.65; October-November. 6.600
6.61; November-December, 5.6906.60; Do
cember-Jamiary. 5.5906.60; January-Feb
ruary, 5.6006.61; February-March. 5.62;
(March-April. 5.64; April-May, 5.6505.66;
•May-June. 5.<7605.67.
Dry Goods.
New York. July 6.—Dress goods buyers
are coming Into town rapidly to begin op
erations on new seasonable goods, which
opened by first bands tn the dry goods
market today at 5 to 1') per cent advance.
Buyers of medium weight goods in alaplA
cottons are showing a tendency to oper
ate more freely, and the market Is firmer
In consequence. Cotton yarns are very
active and fine numbers more scarce.
Abercrombie 4 Co.’s Market Letter.
An effort was made to advance the mar
ket today on the theory that the recent
Texas drouth remained practically un
broken and on the assumption that the
alternating rains reported from the south
Atlantic states were causing rapid de
terioration. The course of the Liverpool
market Indicated that longs were at work
on the same proposition In the English
market, it having closed at an advance
of !i to fi points, whereas spots were
reported dull and unchanged on sales of
MOO bales, middling. S.08. The rainfall
cast of the Mississippi river In the Caro
llnas and Oeotgla. has not been excessive
and will serve to dispel a 11 fear of a
drouth in that section during the critical
period of late July and early August.
Meanwhile there occurred beneficial
showers in pretty much all sections of
South Texas today, light rains being re
ported from Galveston. Houston and Se
gnln sharing in the distribution of moist
ure. These reports of rains In Ihe south
west and an official forecast for fair
weather In the south Atlantic states, ex
cept Rhowers on the coast, checked the
buying movement. According to reports
the crop tn South Texas Is supposed to
be from ten days to two weeks late
Gibert 4 Clays Market Letter.
Liverpool cables denoted a more bullish
trend of sentiment, which culminated In
advance of from 5 to li points for the
day on options Spot sales continued
small, but steady, the day's business
amounting to 3000 bales. Prices unchanged.
The continued rains In the Atlantic
states caused some little buying by room
scalpers and also some covering by im
patient shorts, all of which, however,
was insufficient In volume to bring about
Warrant Warehouse Company
Best Protection. Lowest Insurance
Storage of cotton and all commodities- L oans negotiated
on our receipts- Concrete, automatic-sprinkled, ware
rooms. 35th St. and Ave- A, Birmingham- Both phones 928
W. D, NESBITT, - - 311 Woodward Building
FIRST NATIONAL BANK
OF BIRMINGHAM, ALA.
Statement, June 18, 1906.
RESOURCES.
Loans and discounts...... .$5,198,835.99
Overdrafts. 1,434.44
U. S. bonds and premiums 1,078,500.00
Other stocks and bonds.. 205,892.50
Alabama bond account... 42,500.00
CASH.
In vault.. .$ 643,637.16
With banks. 2,590,990.28
Wiih U. S.
Treas.... 50,159.00— 3,284,686.44
$9,811,849.37
LIABILI I ItS.
Capital stock.$1,000,000.00
Surplus and profits. 540,789.34
Circulation. 987,500.00
DEPOSITS.
Individual ...$6,413,662.23
Bank . 819,897.80
U. S. 50,000.00— 7,283,560,03
$9,811,849.37
more than a slight reaction. During the
day advices were received recording
heavy and fairly general rains In south
western Texas and reliable advices from
Waco expressed the opinion that the
precipitations occurred In localities most
In need of moisture and that present crop
prospects for Texas could hardly be bet
ter. The showers that for the past few
days have fallen on the Atlantic coast are
not seriously considered as having caused
extensive damage, and a few' days of
clear weather would in all probability be
sufficient to enable the grass and weeds,
which form the basis of the majority of
complaints, all to be removed.
Loveman & Co.’s Market Letter.
Ablaze with anger because the south
persistently refuses to go long of cotton
on the present fine crop prospects, tin*
bear leader in New York broke loose
today with a violent message which I
aroused the deepest feeling of Indigna
tion among the members of the local ex
change. Indirectly, he accused the south
of lying about the condition of the cot
ton crop. Anyone who is at all familiar
with the character of the southern peo
ple knows that while they may at times
exaggerate bullish conditions, they are
extremely averse to propagating bearish
views, but in this instance cannot blind
themselves to the fact that crop pros
pects in the south up to the present time
are most favorable for a good yield of
cotton. Out of this fact grows the pres
ent market situation. Southern specula
tors will not buy cotton at this high
level because they feel that the crop
outlook Is too good to justify their *ak
ing the long side. On the other hand,
there Is a natural Inclination against
taking the short side of the market and
hence speculation for the time being Is
apparently dead. Should any very unfn
j vorable features develop In the crop sit
uation. the south would quickly enough
start a bull campaign. Weather and crop
conditions are being closely watched by
southern interests which are sensible
enough not to attempt to bull the new
crop months at the present level until
there is evidence at hand of general de
terioration in the condition of the crop.
THE LOCAL MARKETS
i
The price of cotton In the local market
Is still unchanged at 10%c.
A heavy stock of fruits of great variety
was seen on Morrts avenue yesterday
morning, but sold readily In the. evening.
Watermelons are down to 15 and 25 cents,
but otherwise there are no material
changes In quotations.
Local Cotton Market.
Good middling . 1(1%
Strict middling . 1o'4
Middling . 10%
Strict low middling . 9%
Low middling . 9%
Local Iron Market.
IF .$14.00
2F . 13.50
3F . 13.011
Grey Forge . 12 60
IS . M «0
2S .13.60
Mottled . 12.50
Local Securities.
(Corrected by Citizen* Savings Bank.
Btock and Bond Department. Phones 94.)
Bid. Asked.
Ala. Consolidated, com.
Ala. Consolidated, pfd. 90 92
Am. Trust & Savings Bank.275
Atlanta and B'ham Ins. Co. 3%
Avondale land Co.110 ...
Avondale Mills .106
B'ham lee Factory .140
B'ham Realty Co., com.170 ISO
B'ham Realty Co., pfd . 85 90
B'ham R., D. % P. Co., com. 96 9ii
B'ham R., D. A P. Co., pfd.100
B'ham Trust and Saving Co.210 260
Bessemer C. 1. & D. Co. 24 28
Citizens Ravings Bunk .12S
Commercial State bank .....100 102
Dlmmick Pipe Co. 90 94
East Dake Land Co.95 100
F.nsley I-and Co. 5 7
First National Hank .270 275
Georgia Ry. Elec. Co., cum. 103%
Georgia Ry. Elec. Co,, pfd. 90 91%
Hotel Hillman .100
Jefferson County Savings Bank 225
Little Ruck Ry. % Elec. Co. CO.. 73% ...
Little Rock Ry. A Elec. Co. pfd. 100
Memphis St. Ry. Co., com.... 65
Memphis St. Ry. pfd. 82% ...
Nashville Railway . 46 48
Nashville Railway, pfd.S2% ...
New Orleans R. A Lt. Co., com. 33 34
New Orleans R. A Dt. So., pfd.. 81 82
North Birmingham 1-and Co.... 48 50
People's Savings Bank.135 150
Traders’ National Bank.11)0 106
Bonds._
Ala7' Con sol I da ted, 5s. 93 96
Ala. Steel A Shipbuilding Co....102 105
Alabama State Bonds—
Class A.100 101
Class B.100 101
Class C renewal 3% .101 103
Funding 4s ..105 lu9
B'ham Ry. and Elec. Co.105 10(1
B'hani R.’ L. * P. Co/s 4%s.... 93 97
B'ham Water Works Co.110 113
City of Birmingham 6s.103 105
City of Birmingham 6s.114 118
! Continental Gin Co. 95 Kio
Country Club 6s .75
Georgia Hy. and Elec. Co.101 ltd
Jefferson County Bonds
Four and a halfs.KM 106
Fives .106 K(9
Sixes .117 122
Little Rock Ry. A Elec. Co. 5s 102 103
Masonic Temple Gs . . K(3%
Nashvlll* Railway 5s .102 10* ,
New Orleans R. A Lt. Co. 5s...110% 111
Sloss I. A B. Co. first mnrt.110 112 I
Kloss I. and St. gen mort. 91 M
Tennessee Coal and Iron Co.
General mortgage . 99 99%
Tennessee division .109
Birmingham division .110% 111
Cahaba division .100
DeBsrdeleben division .101
Local Staple Groceries.
Sugar—Granulated, 5%c; Y. C.( 4%c.
Flour-Fancy patent, 35.75; standard
patent. 35; straight, 34.90.
CoFec—Green, ll^lSc; Arbuckle's, 315.65;
Porto Rico, 315.55.
Meat—Dry salted ribs, 8»4c; dry salted
rib bellies. 10%e; extra clear. 10c; hams,
fancy. 15fec; medium 14%c; bacon bellies,
12c; California hams. 10c.
Lard— Leaf. 10c; compound lard, 8c.
Molasses—Centrifugal, SOigcjoc; sugar
house, 40e; Georgia cane. 34c.
White Peas—Per bushel. 32
Beans—Navy, 32.25 per bushel; hand
picked Lima, 7c.
Grits—92 pounds, 31.65.
Meal—“Jim Dandy," $1.25.
Macaroni, 6*/ac.
Feed Stuff.
Corn—No. 2 mixed, 72c; white, 74c.
Oats—No. 2 mixed, 4.1c; No. 2 white, 52e;
white clip. o4c.
Pure wheat bran, 80 or 100, $25.
Cotton seed feed meal, $25; prime, $28.
Corn chops, $1.26.
Corn hearts. $1.25.
Shorts—100 pound sack, $1.25.
If tills—80-lb c. s., $9 ton; 20-lb. c. »., 40«
sack; 100-lb. c. s . $9 ton; 100-lb. c. s., 45o
sack; 75-lb sack hulls. 50c.
Hay -Choice timothy. $23; No. 1 tliru*
tfiy, $22; Johnson grass. $!o; clover mixed,
$20.60.
Fruits and Produce.
Lemons—Per box, extra fancy, $5.50(84.
Watermelons—15 to 25c.
Cantaloupes—$2®2.o0 per crate.
Tomatoes—Alabama, 4 basket crates,
75c(fi$l.
Alabama Beans—Per crate, green, 75<8$L
English Peas -$1.26.
Corn—25 and 30 rents per dozen.
Limes—Per 100, 75c(fi$l.
Peanuts- Fancy, per pound. 6c; No. 2. 5c.
Cabbage-New crop, 2c lb.
Pineapples—30. 36 and l<> sizes, $2.25#2.5flL
Cucumbers—Per bu., [email protected]$l.
Squash—Per bu., 7oc<8$1.25.
peaches—Per cra»te, 75c(ft$1.75.
Egg Plant—$2(82.50.
Cultivated Blackberries—$1.75(82.
Huckleberries, $2.50(83.
Newr Apples—$1(81.60 bushel.
Onions—New crop, pound, 2%08e.
New Potatoes—Per bushel. [email protected]
Eggs—Per dozen, fresh, 515c; candled,
16(817.
Hens—3oc; broilers. 15<830c.
Butter—Fresh, 8(810c; renovated, 21o;
creamery, 25c.
Cheepe—Full cream, per pound, 14#15c.
Hides and Wool.
Green salt hides, No. 1, lOV^Sllc.
Dry flint hides, No. 1. 10(®18 a.
Dry salt hides. No. 2. 14<®16c.
Clear washed wool. 85<886c.
Unwashed wool, 25<8>26c.
Burry wool, 14/0l6c.
Sheepskins, 15076c.
Tallow. 4^T4Hc.
Beeswax, 26c.
ANNOUNCEMENT
For Sheriff.
I hereby announce myself as a candl*
ate for the office of sheriff of Jefferson
County, subject to the action of the dem
ocratic party, in the forthcoming: primary.
ALBERT STKADFORD.
I hereby announce myself as a candi
date for the office of sheriff of Jefferson
county, subject to the action of the dem
ocratic party. J. P. STILES.
I here announce myself a candidate for
sheriff of Jefferson county, subject to the
action of the democratic primarily, August
27, 1906. HUGH McGEEVER.
Higdon will make a good sherifT. His
administration will be fair and clean. “Go
to work and help elect him.”
For Road Supervisor.
To the Democratic Voters and Citizens of
Jefferson County:
I am a candidate for re-election to the
office of road supervisor of JefTerson
county, subject to the action of the dem
ocratic party. J. ED. HA1GLER.
I hereby announce myself as a candi
date for the office of road supervisor of
Jefferson county, subject to the action of
the democratic party. JOE HILL.
Joe S. Davis Is a candidate for road
supervisor of JefTerson county, subject to
the action of the democratic party. Will
appreciate as much as anyone yefir sup
port, and if elected will strive hard to do
my whole duty* Inquire of those who
know me as to rtiy ability and integrity.
For Representative.
I hereby announce myself as a candidate
for the office of representative from Jef
ferson county to the lower house of the
legislature, subject to the action of the
democratic primary.
W. E. URQUHART.
Col. W. W. Sh -trldge of Ensley author
izes the announcement of his candidacy
for representative to the legislature from
Jefferson connty. subject to the action of
the democratic party In primary to be
held August 27, 1904.
Jerc Clemens King of Birmingham au
thorizes the announcement of his candi
dacy to represent Jefferson county In the
next legislature, subject to the action of
the democratic primary on August 27, 1J04.
The Age-Herald Is authorized to an
nounce Dr. M. C. Ragsdale of McCalla
as a candidate for representative from
Jefferson county In the next legislature,
subject to the action of the democratlo
primary August 27, 1904.
I am a candidate for the democratic
nomination for representative In Alabama
legislature from Jefferson county.
SAMUEL WILL. JOHN.
The Age-Herald Is authorized to an
nounce It. A. Hagler of Warrior as a
candidate to the legislature from Jeffer
son county, subject to the action of the
democratic primary, August 27. 1904.
The Age-Herald Is authorized to an
nounce W. T. Newberry a candidate to
the next legislature from Jefferson coun
ty. subject to the action of tile demo
cratic primary, August SI. 4-S-tf
Felix E. Blackburn announces himself
ns a candidate for re-election to the legis
lature, subject to the notion of the dem
ocratic purty.
L. J. Haley. Jr., of Birmingham, Is a
candidate for Representative In the Legis
lature of Alabama from JetTc- .on coun
ty, subject to the action of the democratic
1 ,.n ' v______
35tK Annual Camp Meeting
July 11 to 19.
Seventh Annual Bp worth League Assem
bly, July 25 to August 5.
Seashore Camp Ground. (Biloxi) Miss.
All Methodist leaguers and friends and
others Interested are cordially Invited to
attend these meetings
LOW RAILROAD ItATES.
Attractive ads. are Illustrated. Lat
the Gawk make your illustratlenib
Age-Herald Building.

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