The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, April 30, 1913, Image 11

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The Birmingham age-herald. [volume], April 30, 1913, Page 11, Image 11
About The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950

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The Birmingham age-herald. [volume] (Birmingham, Ala.), 30 April 1913. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn85038485/1913-04-30/ed-1/seq-11/>

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1 OF 1 TO 3 POIN1S
Pronounced Weakness ofj
European Markets Has 1
Influence Here
New York. April 29.—The pronoun &
weakness of European markets caused *
at ports of Austria's belligerent attit
toward Montenegro was of direct jpit t
cnce on the home market, where prl -g
were depressed sharply today. Many »|
the important, stocks made new low r 4
ords for the year with numerous las;
on the day of 1 to A points. Pressure w
heaviest against the international stool
particular Chadian Pacific. whi*
slumped seven points. Steel, the Kuri l
mans, Reading and Amalgamated Copp* 4
displayed marked weakness.
The market continued to reflect ai
pence of demand and susceptibility t
pressure. Prices broke sharply in th
early trading. American stocks in Two
don, which had shown general advance*
weakened abruptly before the opetiin
here, and some of the early sealing in thi
market for foreign account. Before inid
oay, the list stiffened, luft in the after
noon active selling was resumed, culmin
sting in a vigorous drive during the Iasi
hour, which forced the market to the low
point of the session. Selling appeared
to be chiefly in the nature of bear pres
sure.
The quarterly statement of the Ste *1
corporation, which came out shortly
after the close of the market, was less
iavorable than was generally predicted,
total earnings of 934.42t>.0U(» comparing with
forecasts of $3(1,000,000 to $3X,0W,000. While
the average of prices received for steel
was higher than in the December quar
ter, the gain derived from this source was
offset by extensive'flood damage and the
increase in operating*-expenses resultant
on the advance In * wages established
February 1.
The expected announcement of an is
sue of New York city bonds was made
today, the city offering $4f>,00U,U00 at 4**
per cent. Outstanding issues were de
pressed by the announcement, some of
them touching new low prices.. The new
londs sold “when Issued" on the curb,
at For an issue of in 1907, the
city obtained an average of 1(>2, and for
39*»s issue an average of 1<>4. On account
of present conditions In the money mar
ket, bankers predicted that the average
for the new issue would be 'under 101.
Bonds were irregular. Tow prices were
made by some reorganization issues. To
tal sales, par value, 92,381,000.
United States bonds were unchanged
01 call.
Bonds
V S ref. 2s, registered ........ 100%
T'. S. r<*f. 2s, coupon . 100%
r. S. 3s registered. 102 *3
V. K 3s, coupon . 102 *2
V. H. 4h, registered . P13%
V. S. 4s, coupon . 113 M,
Central of Georgia 5s .. 105%
Illinois Central 1st ref. 4s. 90
(Louisville & Nashville un. Is. 93%
Seaboard Air Line ndj. 5s. 7 2
Southern Hallway 5s . 101%
Southern Railway gen. 4s . 75%
Treasury Statement
Washington, April 29.—The condition of
the United. States treasury at the begin
ning of business today was: Working
balance. $71,886,727; in banks and Philip
pine treasury, $42,986,298; total of general
fund. $140,243,166. Receipts yesterday, Sl.
lTl,990; disbursements. $1,44S, 11%*; the sur
plus this fiscal year Is $7,989,794, sa against
a deficit of $13,546,407 last year. The fig
ures for receipts, disbursements, surplus
and deficit exclude Panama canal and
pubfTr debt transactions.
New York Money
New York, April 29.—(.’all money steady,
8 per cent ruling rate, 2% per cent; clos
ing bid, 2\ per -r£nt; offered at 2% per
cent. Time loans strong; 60 days, 4 per
eent: 90 days, 4% per cent; six months,
4%@4% per eent. *
Prime mercantile papers, per cent:
sterling exchange steady, with actual
business in bankers' bills at $4.83.50 for
60 day bills and at $4.86.60 for demand.
Commercial bills, $4.83%. Bar silver, 609*<\
Mexican dollars. 4sc. Government bonds
■teady; railroad bonds irregular.
Bullion Taken In
Tondon. April 29.—Bullion amounting to
£196,000 was taken into the Bank of Eng-1
lan i on balance today.
German Exchange
Berlin, April 29.—Exchange on London, i
10m, 46V*pfg for checks. Money, 3*a per
cent Private rate of discount, 4% per
gent. ^ I
French Exchange
Paris, April 29.—Three per cent rentes
15 francs 75 centimes for the account.
Exchange on Jxmdon 26 francs 20 cen
time* for checks. Private rate of dis
count 4 per cent.
London Stock Market
London, April 29.—The stock dealings
tppened fairly steady. Prices were In
ollned to harden unlit a report was clr
eulated that Austria Intended to lake Im
mediate cation among the powers. Tills
caused pronounced weakness. The close
was flat. The American securities showed
davanees unlit the slip occured In Cana
dian Paclge, The stock, however, closed
three-quarters over the low point, but
' Hubbard Bros. & Co.
Cotton Merchants, Hanover Square, ».
Y. Metnbera New York Cotton Ex
change. New Orleans Cotton Exchange.
Hew York Produce Exchange. Asso
ciate Mernbors Liverpool Co-.ton Asse
ntation. Orders solicited for the pur
chase and sale of Cotton and Cotton
•eed Oil for future delivery. Special
attention and liberal terms given fev
consignment" of spot cotton for de
livery. Correspondence Invited.
iliemieiw ....
- IIPIMAPV
OISCHARQIS
< BELIEVED IN
124 HOURS
Each Cap
sule bears fMlOVy
the naimili,,yX I
ActMr* of counlerftitt
■ ALL DRUOOI8TH
.y..dddaaA
_THE CLOSING STOCK LIST
ftaies. Higii. low. uiose. Sales. JHign. jx>w. i. lose.
amsr. i . ttys.,. . 3 i %
Amal. Cop.44300 72% 70% 70%
Amer. Agrlcul. 40%
Amer. B. S. 900 30 29% 29
Amer. Cat*.8000 32% 30% 30%
do pH .1500 »2% 91% 91%
Amer. C. & F.... 100 48 48 47%
Amer. Cot. OH... 100 43% 43% 43
Amer. 1. S. 200 24% 24% 24
Amer. Flnseed .. 100 9% 9% 9%
Amer. Foco. ...... 300 34 33% 33
Amer. Smelt. &
Itettning .8300 67 % 65% 65 V*
do pfd . 300 101% 101 101
Amer. Sug. lief.. 300 112 111 , 110%
Amer. T. & T. ..1200 129% 128% 128%
Amer. Tob. 700 222% 221 220
Ana. Mill. Co. ...1500 36% 36 35%
Atchison .3700 101 10u% 100%
do pfd . 100 100 100 99%
Atlantic c. F. ... 300 150% 120% 120%
BhI. A- Ohio. 700 9S% 98 98
Bethle. Steel .... 400 33 32% 32%
Hrook. R. T.2900 89% 88 87%
Can. Pacific ....31400 237% 233% 233%
Cent. Feather ... 800 23% 22% 22%
1,'hos. & Ohio....6700 64 % 63% 63%
Chi. G. W. 200 14 % I I 14
Chi., Mil. &
SI. Paul.4600 106% 105% 105'4
Chi. & X. VV. 800 128% 127% 127%
Col. F. & 1.1400 32% 31 .'10%
Consol. Gas .1200 129 127% 127%
Corn Prod.1200 10% m% ]o%
Oel. & Mud. 200 157 % 157 157
Den. & R. G. . 20
do pfd . 200 35 33% 33
Distil, gecttr.. . p-, %
Krie . 7100 28 27 27 %
do 1st. pfd - 70ft 43% 43% |:|%
do 2d pfd. 600 34% 34% 3314
Gen. Fleet.1100 138 % 137 % 137 %
fit. Nor., pfd ...2800 127%, 124:% ] ;■ 1 %
fit. Nor. 11. ctfs ., 1100 Mfll h. »|i, ;;|
Illinois Cent. ...lino 114% 114 hi
Inter. Met ..3100 15 1414 11%
do pfd .4200 62 60% f,a' .
tnter Harv... joo %
luted-Marine
Pfd. 10
rntcr. Paper .... 100 9% 9% '1
Inter. Pump. j,,
X. Sou. 100 231.. 23% 2.1%
Laclede Gas .... 2uu 9;i% **
Lehigh Val.11100 154% 162% 153
Louis. & Nash. .. 400 131 130% 130%
Minn. St. P. &
Sault St. M. ... 400 133 132% 131
Mo.. K. & T.2100 2 4 23% 23%
Nat’1 Biscuit.112
Nat l Lead . >_ 300 49 40 - 48
Nat. Rys. of Hex.
do fd . 22
X. V. Central_3400 102% 101% 101%
X. y.. O. & W... 300 20% 29% 29
Nor# & West. 400 104 % 104% 104 %
Nor. Atner. 76
Nor. Pacific .2000 114 % 113% 113%
Pacific Mail . 600 24% 23% 23
Penn.59<*0 114% 3 1! 114%
Peoples Gas .... 100 109% 109% 109%
Pitts., C., C. &
St. Louis. 100 91 91 90%
Pitts. Coal .. 200 18 1 8 17%
Pressed S. C. 300 24 % 24 24
Pull. Pal. Car ... 100 159 159 3 58%
Reading .1 13800 160 % 158 158%
Re. I. & S. 200 23 % 22 22
do pfd . 700 83 % 82 82
Rock 1. Co.3600 21 % 20% 20%
do pfd . 400 35% 85 34 %
St. L. & Shu F. /
2d pfd . 700 23 20 19%
Seaboard A L. .. 200 17% 17% 17
do pfd . 200 42% 42% 42%
Sloss-Shcff. S.
& Iron . 30
Sou. Pacific ....7300 98% 9fi7i 97%
Sou. Railway ...1400 24% 24 24%
do pfd .1100 76 % 76% 75%
Tenn. Cop. 600 34 33% 33%
Tex. & Pacific. 16
Union Pacific. . .67500 14S% 145% 146 Vi
dnfpU . 200 81 83 % S3
I'. S. Realty. 658.
r. s. Rubber .... 700 fil'4 GO7* fii'li
f. 8. Stool.108800 GO'*
.1.. pfd .2100 107 r>» 107 107
V. -C. rliein. 100 3$ 32 31V4
ft ah Cop.3900 51N, 49% 49%
Wul.asb . 100 3'„ 3V» -.3%
dn pfd . 700 10 10 9\
West. Aid. 200 39 3874 38
West, fnion .... 900 6515 6404 05
West'll. Kite. ...1300 *t »f 60 GO'4
W. * I.. K. 100 6«4 5% 5»i
Tot at sa les for tho i!h;. . 515,000 sahres.
_LOCAL SECURITIES
Kate. Bin. Askod.
Ala. P. A, T. 4 62 65
mer. r. Tty a., pfd ..6 71 75
'wr. C. Rya. 37 45
• 'incr. T. A- s. Bank.. 8 190 194
Avondale Mills, com , 8 123 130
Avondale Mills, pfd . 8 100 104
Bessemer C. ti 1. 4 43 52
B'ham Baseball Asso. . 175 200
R ham, 1*1 ns. & B.. pfd.. « 3S II
P ham, Kns. & Lt , com .13 17
P i am Realty Co.4 165 ...
B'ham T. & S. 8 269 258
c> in. of Com., pfd .. 7 74 80
Com. Bank & T. Co. . 98 103
Corey Ijind . 65 72,
East Lake Land . 55 65
Elmwood Com. Co. 4 87 95
Empire Imp., com .... 8 80 85
Empire imp., nfd .... 8 104 110
En ley Rand . 112 125
First National Bank..12 258 270
I'h. Rivers Oil . 20 26
Cr at Sou. Life . 10 13
Interstate Casualty ... 5 8
Ini. istate Fire . 5 8
.lefl Co. S. Bank .10 15s 165
■lef erson Fertilizer .. 8 115 125
L. , .1 & L„ com . 60 55
U J. A- L.. pfd . 7 99 102
M. * M. Bank . 8 133 140
North B'ham Land .... 15 22
Protective Life . 10 12
! rov. Oil & fias . 2 6
Real tv Tr. Co., com ... 115 125
Realty Tr. Co, pfd ... 8 100 11"
•N«UI. states fire . 4 7
Traders Nat. Bank ... 9 165 180
RONDS
Hate. Bid. Asked.
Ala. State ref.; 1920... 4 98 102
Ala. State Renow.. 1956 3 V4 91 94
Ala. State Renew.. 1956 4 101 , 102
Ala. Stn'e. Fair . R 75 85
Amor. Cities Rys. 5 92 94
Bessemer C. * I.R 300 103
B'harn. ltffsley & B.... 5 70 72
B. It., L. A P. 6 101 10 1
B. It.. L AP.4*4 89 91
B'harn lee Factory .. 6 100 106
B ham R. & E. 5 301 J03
B’harn Waterworks ... 5 9? 94
B’harn Waterworks ... 6 ^ 309 11 2
City ef Birmingham .. 5 100 104
City of Birmingham .. 6 ICS 108
Continental Gin . 5 3 02 106
Country Club . 6 95 100
Jefferson County .... 5 103 108
Jefferson County .... 6 105 110
Jefferson County .... 4*4 100 102
Milner Lard Co.6 100 102
Nashville Railway .... 5 102 105
Pratt Consolidated ... 5 83 88
SIoss IAS. 6 102 105
SIoks I. A S. 4^4 9‘J 95
T. C. I.. gen mtg.5 101 103
T. C. I.. Tenn. Div.fi 101 103
T. C. Ship Bldg_ 6 102 3 04
T. C. 1.. B’harn Div. ..6 101 103
T. C. I.. Caha* a Div. R 103 107
the final tone was weak.
Consuls for money, 74 31 -16c: for the
accoi nt. 7N*«. Illinois Central, 11N; Louis
ville and Nashville, 137»‘/«; Southern rail
way, 25^g. Bar silver, easy; 27 If>-I6d per
ounce Money. 2'%(&3 per cent; discount
rates, short hills. per cent; three
months, 3*4 6»3-13-16 per. cent.
Metal Market
New York. April 29.—Copper steady,
standard to July $10.52; electrolytic, 15.75c; j
lake, 3 Wo; casting. $15.50. Tin dull, spot:
and April, $49.50; May. $48.80. June tin- ;
changed. Lend, steady. $4.40 bid. Spelter
quiet, $5.50@6.«>. Cookson antimony, dull, ;
$9.0»*. lion dull, unchanged.
Copper arrivals. 25 tons. Exports this :
month. 22.042 tons. London copper easy; ;
spot £67 2s fid. Futures, £67 2s 6d. Local'
exchange, sales tin 5 tons. London tin i
quiet; spot £229; futures £220. London
lead, £17 15s. London spelter. £25 10s.
Iron, Cleveland warrants, 67s In Ixradon.
Live Stock Market
Chicago. April 28.—Hogs— Receipts, in.- I
000; slow; bulk of sale?. $8.3068.45; light, j
$3.2568.80; mixed. $S.20@8.5G: heavy, *>•&•!
8.45: rough, $S6«.13; pigs, $6.40i®8.lf>.
Cattle-Receipts, 2500: heaves steady:
cows and heifers weak; beeves. $7.2Hft 1
8.90; Texas steers. I1 s.TOftT.TS: stockers, pvt ,
8: cows and heifers, $3.90ftS.10; calves, ;
$0.Kft9.26.
Sheep—Receipts, 14,000; steady; native, j
$1/07.16; ye 'Hinge, $6.60ft!7.»n; lamhs, tia- j
tlve, $6.91/0) 80.
Kansas City. April 29— Cattle— Re
ceipts. pi.'too, including too southerns:
steady to 10< lower; dressed heef and ex
port steel s $7.9068.80; wesleru steers,
$6.gift*.20; stockers, $9.D06'7.!W; southern
steers. $#.JM<8; southern cows. $4.25ft6.75:
native cows, $4.2567.26; native heifers, j
$0.50ft8.30; ..lives. *6.60610.
Hogs—Receipts, 17,000, 10c lower; bulk of
sales $s 200< • 33; heavy, $8,157(8.25; packers I
and butchers. *8.2068.86: light. $8.2568.87Vi;
pigs, $7.25ft7 50.
Sheep receipts, 9000; steady to lOo lower;
Colorado Ian be, $7.6068.00; yearlings.
$8.505;7.40: wethers. $0.25ft0.75; ewes, Jot®1;
0.50; Stocker-. $4,609*8.
.St. Louis. April 23.—Cattle—Receipts, j
2700, Including 30« Texans; steady; choice
to tine steer- $8,507(9; dressed anil hutch
era’ <ter< S5.7Vn7.50; stockers, 55.257(8:
Texas and I’klatioma steers. $6.2568.50;
cows and he !era, 54ft7
Hogs -Recevts. 10,000. 10c lower: pigs
and lights. $,(8.06: mixed and butchers.
$$.40ft8.«6: good hea.vv, $8.4068.60.
Slieeo—Reec'i’ts, KIOO; steady: mu none,
$667,25' yearlings, *7«8; lambs, $768.90.
Louisville. April J9.-Cuttle-Receipts, 30;
market quiet: range. $2.60ft8i26.
Hogs—Receipts, J7Mi; steady to loc low
er; range, $4.54ft*.65.
Sheep—Receipts, 75; lamhs. 8c down;
sheep lie down: springers slow, 7610c,
Vool Market
St. Louis, April 29. Wool unsettled.
Northern or v -stern mediums, 17618c;
flnfe hurry, 13c; light hurry, 16c.
Coffeo Market
New York. 4prll M.-f’offee futures
opened steady at a decline of 8 to 14
points in reepa. it) to lower European
cables, somewhat larger Brazilian receipt* ,
and reports of r. her an easier coat and
fieight market, Private cables attribu
ted the wealiriesf- abroad to nervousness
over the situatin' m the Balkans, and
the circulation of May notice* in Havre.
Europe was a « . iaidersble seller here,
and wild very 1 w buyers around lh« ;
rinvr prices contb ed to case off under j
liiptidatiun and «; titered offerings from j
bearish sources. The close was steady. ]
Sul**, 57. ww. April ; nd May, 10.35c; June, j
10.90c; July. 10.9105 August, ll AMic: Septein-|
bor, October, Nov- uber and Heceinber, j
11.18c; January. 11 9c5 ' Eebruary. 11.20c;
March, 11.21c. Spot •. sien No. 7 Hio, U^c; ;
Santos 4y,‘ 13.t<4c; M.ld coffee, cjuiet; C'or-j
dova, H^ifclTViec nominal.
Havre, \tfy\ franc lower. Hamburg Vk-f#
;b pfennig lower, H 126 reis higher ai
Sutiios unch Uged. Hio exchange
on Hendon, ]-64d liigl r al 18 IJ-ltWd. Bra
zilian pori receipt* two *7,068,
against 14.0001 Jund hy receipts 2000,
against 12 »iOO last y.. r. Today's Santos
cables reported the p icket 50 reis lower
at 68x350. Mho Paulo l-'eipts ftftOh, against
4000 for two days.
Naval Is area
Bavannaht April 29 Turpentine Arm,
sales. 17S3 barn j receipts. 1160}
shipments. 139; stock, 1 <79. Rosin steady:
tales, 04; receipts, 28* shipments, 1228;
stock. 45,S3&. Quote; A. F. O. and D. 64.50;
E and V, Si.80; a, H, 6. i. 64.j#. K, $5;
JU, if, *6; VYG, JCa \ <«', (6.60.
t- il.
Believed, However, That the
Market Will Be Normal
Shortly
Business on Morris avenue yesterday
was unusually quiet. The briskness that
was mill'll In evidence last week and the
week before makes the present temporary
lull more noticeable. It Is believed,
however, that the market will get back to
normal within the next few days.
The produce market is well supplied
and the demand is fairly good. There is
an unusually large supply of straberrles
on the market and large rcops are report
ed from all parts of the state. Prices in
the produce line were unchanged.
Poultry and eggs had only fair business
yesterday and there was no change in
prices.
Creamery products continue to he in
favor, but the demand yesterday was com
paratively light.
Business in the grain maiket is rather
quiet, but merchants report that this is
only temporary and that the market will
be quite brisk again after the first of the
month.
The price of meat advanced slightly
yesterday and there Is a very good de
mand. The supply is consistent.
Yesterday*a quotations were;
LOCAL QUOTATIONS
Pig Iron
IF .*13.004,13.50
2F ..'.12.SO013.OO
3F . 12.00012.60
Gras1 Forge . 11.60312.00
18 . 13.004? 13.50
28 . 12.504,13.50
Local Cotter. -
strict Bond middling . 1J=8
Good middling . 114*
Strict middling . n*H
Middling . lit.
Strict low middling . 1044
Meat
l.ard, J3i'| compound. HV; dry salt
Klimt l'lhK, 13.1Cej hollies, 14.10c; liam
butts, 16.50c; Boston buttr, 18c; pork
loins, 3716c; spar#. ribs, 18440; breakfast
bacon, 224? 24c; smoked bacon, 18c; reg
ular bam, l'.t'ic; skinned hum, 19$;c.
Creamery Products
Country butter, 30@.26c; fresh creamery
butler, 334601 cheese, 1844c; Imported Swiss
cheese, 31c; German brick cheese, 20c;
limburger cheese, 19c; Imported roquefort.
37c; Neurohate! cheese, per doaen, 4’,. !
Pimento cheese, 96c; process butter, ».ic;
daisy cheese, 184io per pound.
Fruits and Produce
Apples, fancy 1 “sap, $4.154m per |,ar.
1 el; Hen liavls apples,^.box $ I .Do to *1.76;
Homan Beauty tipples, box 12.26; Veliqw
Newton, $3.60; Florida Valencia oranges,
|4.6o box; cranberries, $2.75 bo:,; barrel,
$10; Italian chestnuts,' loo lb.; lltnos, $i.2a
per hundred; Irish potatoes, ictov.c bushel;
tiwed potatoes, Inntlej, Do,- Intsliol.
Onions, red globe, 2o iter pound; Danish
cabbage, 1461' per pound; Florida celery, tba
pet doaen, $3.74) crate; rutabagas, 14*0 per
pound; leltueu, $l.fs^|tl.6tl per crala;
strawberries, $3481 50; ‘ ttctimbers, pet
dale, $3.01; toinatoas, Florida, $3.on 1.,
1:1.50; cabbage, Mobile. $1/54)3 crate: new
Texas onions, crate, $3; beans, per ham
per, $3.26.
Fish and Sea Funds
Red snapper, ll)c in bh|, lots; Re in
small lots, groupers, S< in bbl. lots, 80 In
small lots; Spunisli mackerel, 18c In bbl.
lots. 124*<: In small lots; sun percl| or
bream, 84*c in bbl. lols, 10c In smull lots;
pompano. 25c; mixed rlsli. Sc In bbl. lots;
. rockers, 7c In bbl. lots, 18c in small lots;
flesh wo let' perch, *l?S44cj mullet, /r; In
bbl*.: small trout, 84*c; fresh water cal,
11012c.
Fleur and Breadsluffs
Self rising flour. $6 48; Tennessee
flour., $0.66; Indiana flour, 6.70, Okla
homa flour, 15.66; infallible, $6.80, pur*
7 ■ y
WHEAT MARKET
Net Loss of 1-4@3-8e to
3-8c to 1 -2c Due to Several
Conflicting Influences
Chicago, April 29.—Wheat displayed ner
vousness today under several conflicting
Influences and a net loss of %@%C to
%c was recorded. Corn suffered a net
depression of a shad3 to %t\ blit oats fin
ished %6>Uc up and provisions made a net
advance of 2%@'7%c to 10c.
Weakness at the close came on profit
taking in wheat. This followed a bulge
on reports that Austria was moving
tioops to engage Montenegro, by renewed
talk of damage from chinchbugs ami
Hessian fly in the southwest, and by sale*
of 306,000 bushels of wheat for storage
ports.
Reports of the imminence of a general
strike at Rosurlo, an important wheat
handling port of Argentine, also helped
the early upturn. Against the bullish
factors were the good weather and con
tinued fine prospects in the domestic field
with exceptional fears over pests exist
ing in the southwest. The trade was un
settled much of the session, and it was
not until near the clbse that full effect
of bear pressure was felt. Influential
selling then sent prices off to near the
low point of the day and weakness was
manifest at the finish.
Primary receipts of wheat today were
1.355,000 bushels, a gamut 324,t/Jfl last year.
Seaboard clearances of wheat and flour
; equalled 377.000 bushels. Lightness of
! country offerings and firmness at Liver
j pool gave a littie early strength to born,
I but prices eased off. ('hanging of May
I holdings to deferred months gave some
strength to oat.*. Provisions were uplift
ed on buying by shorts. Prices recovered
from iho extreme losses of yesterday.
Future quotations were as follows;
w hea t * v i I
! May V_ 92% 92 92 *92 1 *
July. 92% 92% 92 92 %
| Sept. 91% 92% 91% 91%
1 < 'orn—
May . 55 55% 55 55
July . 5 5 •% »6 % ■> 5 % it 5 -4
Sept. 56% 57 56% *6 %
Oats—
May . 34% 35 34% 31%
July. 34 % 34 % 3 I % 3 I %
Sept. 34 ’4 3 1% 34% 34
Pork—•
May .19.50 19.55 10.45 1 9.47%
.J ufy . 1 9.55 1 9.62 % 1 9.55 1 9.55
Sept.19.35 19.45 19.35 19.10
Lard—
Ma> .10.90 10.99% 10.92% 10.90
J 11 f\ .10. SO 10.85 10.80 10.82%
Sept.10.80 10.85 10.Su 10.82%
Ribs—
May .11.2 5* .
July .10.87 % 10.97% 10.87% 10.93
Sept.10.77% 10.80 10.97% 10.80
Kansas City Grain
Kansas City, April 29.—Cash wheat. No.
2 hard, S8%fa91c: No. 2 red. $1.03. ('orn.
No. 2 mixed. 56%fa57< ; No. 2 w hite, 56%c.
Oats, No. 2 white. 35%fa3»»c; No. 2 mixed.
S4d$84%e. May wheat. 90%c; July, S6fa8H%«
Corn, May, 34%ti34%c: July, 55%'u55%< .
Oats, May, 38%c: July, 34 %c.
St. Louis Grain
St. Louis, April 29. -Cash wheat. No. 3
red, $1.09© 1.12; No. 2 hard, 93fa95%c. Cash
corn, No. 2, 52%(052%c; No. 2 white. 604/
60%c. Cash oats. No. 2. 35c: No. 2 white,
37c. Wheat futures, May. 92%c; July. 90c.
Corn futures: May, 54"«e; July, 55%e.
Oats, May, 34c: July, 34c.
Crain Receipts and Shipments
Kansas City. April 29.—Receipts: Wheat,
43.000: corn. 29.000; oats, 22,000. Shipments:
Wheat, 41,000; com, 34,000; oats, 7000.
New Orleans Rice Market
New Orleans, April 29.—Rice steady;
receipts clean, 3834; sales. 304 Honduras a'
3%fa5%*\ Japan, 1300 at 3%@3%e. Quota
tions; Rough Honduras, $2.50 and $1.25;
Japan. $2.75(0)3.50: clean Honduras, 4%'b
5%c; Japan, 3%(04%c.
Available Supplies
New York. April 29.—Special cable
and telegraphic communications re
ceived by Bradat reels show the fol
lowing changes 1n available supplies
as compared with previous account:
Available supplies. wheat. United
States, cast Rockies, decreased 2,548.00u
bushels; United States, west *fcKockles.
decreased 103.000; Canada decreased
2.719.000; total. United States and Can
snada, decreased 12,370.000; afloat for
and in Europe, decreased 4,000.000; to
tal American and European supply rie
j ' ie4 16,870,000; com, United Stai s
pud Canada, decreased 2.850,000; oat>
United States and Canada, decreased.
1,191.000; leading decreases include
Chattanooga 50,000.
Liverpool Grain
Liverpool, April 29.—Wheat spot
steady; No. 2 Manitoba. 7s lid. No. ::
Manitoba, 7s lOd: futures steady; May, j
7s 9atd; July, 7 h 7Vgd; October, 7s
.""►(1 corn, spot. steady; American
mixed, new. 5s «4d; American mixed,
new kiln dried, 5s is4d; American
mixed, old. t»s: American mixed, old,
'in Galveston. 5s Slid; futures irreg
ular ; May American, mixed. 5» r4d
July, La Plata, 6s l7*d.
• _
St. Louis Produce
St. T.ouiH. April 29.—Flour qnte':
huy »l«adj ; timothy $12®17.60, prafi'l?
?10®33: whisky $1.40: Iron cotton t'cs
99c, hagglng 10c. hemp twine Sc. pork
unchanged, Jobbing $19.50: lard un
cnanged, prime Bteam $10.30® 10.90:
dry aalt meats unchanged, boxed extia
tiiortB 11 ?»c, clear ribs 11 V. short
tleBra 12c; bacon unchanged, boxed
extra ahortB I27,c. clear rlliH 12V i
short cleare 13c. ReoelptK: Flour 900».
xvheat 81,000, corn 131.00(1, oats IIJ.OOO. ;
Shipment*: Flour 13,000, wheat 98.009. i
corn 89.000. oats 07,000,
-------
Comparison a
From the Washington Htur.
“So you t h.ink a member of Congress
has sonic advantages over a Presl
i dent ?"
“Yes. A member of Congress can got,
lea\ «$ to print, but s President has t *
stand out. «► f doors and road every word
of his inaugural address."
wheat shorts, ■H pure wit eat bran, $24.50;
H. hulls, per ton, $16; prime <’. H meal,
per ton, $31*/ U. H. read meal, per tori, $24;
No. 1 timothy hay, par tpn, %'A’i mixed
alfalfa and Johnson gras.-, pur ton, $20;
sin k. $1.40; alfalfa hay, per ton, 9%. Jolin
saok, $1.60, ulfalfa hay, per ton. f./l; Tohn
don grass, per ton, $16; mixed feed, $$i;
oats, 52c bu.
Poultry nnd Egg*
Hens, 4&HAuc; live, per pound 1 kfiU»<'■;
large fryers. Jiityaun: medium fry
ers, 22,_''0-5c; small fryers, $■; ducks,
4o<0«itci guineas, 30cj roosters, &*•<-, ge«*e,
iO^jVh'i live turkeys, ; fresh eggs,
case candled, J8c; extra gi tided candied
eggs, 30c.
Coffee and Sugar
Caffes. Arbuckles, $fi> .0.6 per 100
poundej Luaanne, S7o per pound. Sugar
—Standard granulated, 4\o per pound.
.. . ___
MONEY IN WHEAT
fra/} /}/} Buys, Puts or Calls on 10.000
0lUslIU bushels of w heat, no further
risk. A movement of from price gives
you chance to take $500 00, 4c $400 00;
3c, 1800.00, etc. Write for particular*
The < eailrat fttoels 4r Grain Co..
Park Did*., Cleveland, O,
I
AND UNSETTLED
Violent Fluctuations in May
Contract—Old Crop
Months Firm
New York, April 29.— The cotton mar
ket was extremely nervous and unset
tled today and there were violent fluc
tuations in May contract. Generally
speaking, old crop months were rela
tively firm on covering and predictions
of heavy shipments from the local
stock, while later deliveries appeared to
be influenced by favorable weather
news, and reports of a good start with
the new crop. Closing prices were
April, an advance of 10 points on May.
and unchanged to 12 points net lower
on other positions.
The market opened steady at an ad
vance of 2 to 4 points on covering and
buying for a reaction whi«h was en
couraged by steady Liverpool cables
and revised estimates Indicating that
houses with Liverpool connection had
stopped notices representing between
40,000 and 60,000 bales yesterday. It
was also rumored that this cotton
would be shipped out during the month
of May, and advances in ocean freight
rates to Liverpool was attributed to
the dembnd for this purpose while New
Orleans also repotted hit advance in
ocean freights to Havre as u result of
engagements for the shipment of cot
ton taken up on May contracts In that
market. There was plenty of cotton for
sale around the opening figures, owing;
to the unfavorable Kuropean politics
and the favorable average of now crop
news, and the market broke shortly
after the call to a net loss of 2 to d
points. At the decline there was a
demand from May shorrg, and with very
few sellers of May around the ring, the
price shot up very sharp!} during the
middle of the day to a net advance of
23 points, Hnd to u premium of about
3 points over July. Later positions
responded only slightly to the old crop
strength, howeverr, and the market,
broke again in the ln;e trading with
late months making new low ground
for the movement under a favorable
review of the weekly weather report,
renewed liquidation and heavy selling
from both southern and local sources
New York Cotton Futures
Open. High. Low. ri.Hil.
January ...... ffToT ll.Ol io.au j.
March ....... 11.00 .. . 10 05
Aril'll .. 1 1.28 1 1,28 11.3.-.
May . 11.28 11.18 11.2:1 11.3s
■I one .* 11 .7
July . 11.40 11.45 11.32 11.37
August . 1 1.25 11.27 11.111 1 1.20
September ... 11.05 11.05 11.05 10.S3
October. 11.01 11.02 10.30 10.30
December .... 11.05 11.05 10.32 10.32
Port Cotton Movement
Galveston: Quiet; middling. 12V': net!
receipts, 5466: gross receipts. 5455; salr.c,
306; stork. 170.572.
New Orleans: Quiet: middling. 12 3-16c; j
net receipts, 4382; gross receipts, 4*15'.; |
sales, »»*#4. stock, so.229: exports to conti- j
nent. 8*552: coastwise, 93".
Mobile: Steady; middling, ll%c; net re
ceipts, 789: gross receipts, 7>>9; sales, 150;
stock. 10,9.16; exports coastwise. 51*2.
Savannah: Hteady; mnldlittg. 12c; net
receipts, 2795; gross receipts. 2795; sales.
261; Mock. 71,542: exports coastwise, 129.
tTarleston: Quiet; middling, ll:,*r; net
receipts, 72*5; gross receipts. 726; sales, 262.
stock. 21.257: exports coastwise, J29.
Wilmington: Nominal; net receipts, 64;
gross receipts, 64; stock, 18,896.
Norfolk: Steady; middling, 12c; net re
ceipts, 1529: gross receipts, 1529; sales, 811.
slock. 44.669 exports coastwise. 2784.
Baltimore: Nominal; middling, 12c;
stock,' 6063.
New- York: Quiet; middling. 11.80c; gross
receipts, 8647; sales. 200; stock, 128,756; -ex
ports to Herat Britain. 2440; to continent,
3719; coastwise, 1088; to Japan, 1484.
Boston: Quiet; middling, 11.80c; net re
ceipts, 2S; gross receipts, 2216; stock, 15,315.
Philadelphia; Steady; middling. 12.55c,
gross receipts, 3225; stock, 4153; exports to
Great Britain. 4510.
Brunswick; Stock. 13.19*)
Texas City: Stock, 15,528; exports to j
Mexico, 1370.
Jacksonville: Stock. 1296.
Total today, at all ports; Net, 15.946; ex- i
ports to Great Britain. 6950; to continent, I
12,371; to Japan, 1184; to Mexico, 13"";:
stock, 602,732.
Consolidated, at all ports: Net. 34,172:
export sto Great Britain. 36.912; to France, j
9773; to continent, 48,651; to Japan. 1481: |
to Mexico, 127".
Total since September 1, at all port-:
Net, 9,217.560: .export sto Great Britain.
3.171,136; to France. 927.141; to continent,
8,064,461; to Japan, 3*13,414; to Mexico, 9939.
Interior Cotton Movement
Houston: Steady; middling, I2l*c; net
receipts. 2669; gross receipts, 2659; ship
ments, 3265; sales, 874; stock, 96,520.
Augusta: Steady; middling, 12t*c; net
receipts. 138; gross receipts, 184; ship
ments. 243; stock, 62,901.
■Memphis: Quiet; middling, 12V*c; net
receipts. 95; gross receipts. 918; shipments.
3012; sales, 400; stock, 89.579.
St. Louis; Dull; middling. 12»*c; net .
receipts, 31; gross receipts. 499; shipments.
668; stock. 31.155.
Cincinnati: Net receipts. 429; gross re
ceipts, 429; shipments, 38; stock, 27.700.
Little Rock: Quiet; middling, ll%c; net
receipts. 278; gross receipts, 278; ship
ments, 512; stock, 29,066.
Greenville; Quiet; middling, Tl^c.
Total today: Net receipts, 8628; gross (
receipts, 1967; shipments, 8199; sales, 1517;
stock, 326,911.
Liverpool Cotton Market
Liverpool, April 29.—.Spot cotton:
Moderate business, prices easy; mid
dling fair 7.22d; good middling, «.S8d:
good middling, 6.68d; low middling,
G.u4d; good ordinary, 6.20d; ordinary,,
5.86d. Hales. 8000, lnc.Uiglng 500 for
speculation and export ami 7700 Amerl
i• hn, Receipts, 10,000 Including 75*)"
American. Futures opened easier and
closed easy. April, 6,394£d; April-May.
May-Jutie, «>.H4d; June-.luly, 6.33d; July
August, H.29d; A ugnst-Hnpt ember.
6.19%d; Be p te in her- Oc to l»e r, 6.07 Vftd: <>»
tober-November, 6.01 d; Noveinber-De
cember, 6.98a ; I »ecemher-Janury,
6.97Vfcd: Janimry-F*bruary, 6.98*4d. Keb
ruary-March, 5.97 V&d; March-April,
9 S < J.
« Dry (i olidn
Sew YTorU, April 111# -Tiiti auction
sale of carpets here today wts well at
lended, Prices w«?r« generally hlglu r
(Iran anticipated, and the buying on
the first day was very active, Whh
print cloths are easier uiid on u bn*l
ness <»f 4 % c for ft8 Vs inch 84 xthis. Silk-,
ure unsettled because of the difficult)
of securing deliveries from mills. Yarns
are quiet.
XuW York, April - 'J. Ho heurish Is
the feeling that there evidently rematna
an uncovered short Interest in May hk
ihat position advanced to the price of
July when it vvas found that under*
were absorbed for foreign account.
This crop remains steady therefore
with the selling uioveemnt transfe/red
:o the new crop which is not yet all i
planted, but which the market In It*
present pessimistic attitude as to busi
ness as a result of the tariff and the
expectation of a very large planting,
considers almoat certain to be larger,
than requirements.
Jt is not unusual to see heavy for
ward selling at this season of the yeai
though experiences that it is not prof
Liable It is neodlass to ropeat the feel
mg is more bearish than ever,
)
1 TO 8 POINTS LOSS
Exchange Narrow at New
Orleans—Planting Fast
Nearing Completion
New Orleans, April 29.- It was a nar
row and nervous market on the cotton
exchange today. At times pome weakness
was displayed but declines were not wldo
and on all soft spots the market received
good support from the profit takings op
erations of the shorts’ side. Hulls
charged that the market was oversold,
but strong hears were confident and in
creased their commitments every time
fluctuations carried prices* up a few
points.
The selling of the day was based partly
on good weather and crop accounts and
partly In pessimistic rumor* concerning
the political situation in Kuropc. The
weather over the belt was clear and drjt
and the forecast promised that these con
ditions would continue tomorrow. News
from the licit was that planting was fast
nearing completion. The bulls claimed
that temperatures were too low for quick
germination of seed or a healthy growth
of young cotton.
The market opened steady at an ad
vance of 1 to 2.points, which was a poor
response to the failure of Liverpool to
follow yesterday's decline on this side.
Soon after the call prices were 3 to i
points up, hut selling increased and this
yearly advance was soon lost. Around
the morning shorts bought cover* heav
ily and put the market 4 to 7 points
over yesterday’s close- This was the
highest of the day; offerings from the
short side increased on the fall in French
rentes and pessimistic cables from Liver
pool regarding politics. The weekly
weather reports also stimulated selling.
The market gradually fell off until in
the afternoon it was 2 to 9 points und-r
the dual figures of yesterday’* close. The
close was steady at a net loss of 2 to S
points.
New Orleans Cotton Futures
Open. High LJoW. <'! i ’■'!
January . 11.12 ’ J 1.12 YTJrS 1 LO3
April . 11.90 . 11.86
May . 12.02 12.07 11.98 11.98
July _>-11.78 11.83 11,75 11.75
A ugaist . u.13 11.47 1 1.35 1 1.86
September ... 11.is* . Ill**
October. 11.09 11.02 10.99 11.00
December .... 11.10 11.11 10.99 11.00
New Orleans. April 29. Spot cotton.
1-16 off. Middling. 12 3-16c; sales on the
spot, 104 bales. To arrive, 5m*. Low or
dinary. S 13-10o; nominal ordinary. 9**0;
good ordinary, lP4e: strict good ordinary,
li^fec; low middling, IFM*; strict low mid
dling. 12c; middling. I .Mt*» . strict mid
dling, 12’V: .good middling. 12 9-if.c; strict
good middling. 12 4* . middling fair.
13 3-16c nominal; middling fair to faie,
13 0.16c nominal; fair. 13 15-16c nominal.
Receipts, 43s:, stock. .25*.
Cotton Seed Oil
New Vock, April . *. -Cotton seed oil was
Arm early on den and from shorts and
local speculative b.lying on the lard ad
vance, but the lisi eased off later under
report sof lower crude markets, poor con
sumptive demand and scattered liquida
tion. i'losing prices were steady with old
crop months 1 to 2 points higher and hew
crop positions net unchanged. Sales.
13.?prime crude. 5.9"r nominal: prim*
summer yellow, spot, 7t/7JJ6c; May, 7c;
June. 7.02c: July. 7.05c; August, 7.10c; Sep
tember. 7.09c; October, 6.77c; November.
6.61c; December, 6.40c.' Prime winter yel
low, 7.25®7.80c; prime summer white, 7.10
0«.
Perhaps
Front the Kansas <*Uy Sinr.
Ml'S. Junebrldo—Vnu probably It now
more about Miilhur Ibis boat than T do,
but Is It necessary for you to hus the
shore so closely?
Mr. Junebrirte Whatfs the matter?
Jealous again?
Sensible Advice
Hill—What are you carrying a cane
for?
Jim—I’m having a deuce of n time with
water on the knee.
Bill—Why don't you try wearing
pumps?
^"where^SoutEerner? TfT)
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About The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950