The Birmingham age-herald. [volume], July 13, 1913, FINANCIAL SECTION, Page 43, Image 42

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

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—
Favorable Crop Reports a
Factor—Few Traders
Go to Street
New York, July 12.—There was a dis
tinct hardening in tone on the stock
exchange today. Otherwise the mar
ket presented few changes from the
previous session, which was the dullest
in 17 years. Many traders did not take
the trouble to go to the street.
The market at the opening followed
the lead of London, where American
stocks had been placed on a slightly
higher level. A tnore cheerful feeling
abroad was reported and there was
some buying here for London account,
which.helped to give the list an ap
pearance of strength. Canadian Pa
cific opened 2 points higher and later
| increased Its gain. Bethlehem Steel,
New Haven and the petroleum stocks
made substantial advances. The stock
market leaders, however, moved only
fractionally.
A factor in strengthening the mar
ket was the sati>»actoly character of
private crop reports to the effect that
in some sections seriously affected by
drouth, rains in the last few days had
improved conditions greatly.
Trade reviews for the week tofcl of
a more confident feeling, with some in
crease in business a§ for future Ac
count.
The expected cash loss, amounting to
$7,800,000, was shown in the average
statement of the banks, reflecting the
week’s exports? o> $5,000,000 gold to
France and diminished receipts from
the interior. In the actual"tab7», how
ever, a small gain wras shown.
Bonds were steady. Total sales, par
value, $410,000.
Some further heaviness developed in 1
government bonds today. The bonds
declined half to 1 point on call on the
week/
Bonds
U. 8. ref. 2s, registered . 08
U. 8. 2s, coupon . 98
U. S. 3s, registered. 102
U. S. 3s, coupon . 102
U. S. 4s, registered .112
U. S. 4s, coupon ... 112
Central of Georgia 5s . 103%
Illinois Central 1st ref. 4s . 90
Louisville & Nashville un. 4s .... 92%
Seaboard Air Line adj. 5s. 71
, Southern Railway* 5s . 101%
Southern Railway gen. 4s.. 73%
Treasury Statement
Washington, July 12.—The condition of
the United State treasury at the beginning
of today’s business was: Net balance in
general fund, $135,481,754; total receipts yes
terday, $2,235,830; total payments yesterday,
$3,652,655; deficit this fiscal year, $9,220,441,
against a deficit of $9,829,482 last year,
exclusive of Panama canal and public
debt, transactions.
New York Money
New York, July 12.—Cal! money nominal,
unchanged; time loans strong; 00 days,
3*53% per cent; 90 days, 4^r4%; six months,
6 per cent.
Prime mercantile paper, 6 per cent;
> sterling exchange heavy, with actual
business in bankers’ bills at $4.83 for 60
day bills and at $4.86.75 for demand. Com.
merclal bills, $4.82^4. Bar silver, 68*ic.
Mexican dollars. 47c. Government bonds
weak. Railroad Honda steady.
French Exchange
Paris, July 12.—Three per cent rentes. 83
francs, 85 centimes for the account. Ex
change on London, 25 francs 25 centimes
for the checks; private rate of discount,
394 per cent.
German Exchange
Berlin, July 12.—Exchange on London, 20
marks 47% pfennigs for checks. Money, 3
(S-3% per cent; private rate of discount, 4%
per cent.
Bullion Taken In
London, July 12.—Bullion amounting to
£18.000 was taken into the Bank of Eng
land on balance today.
Bank Statement
New York, July 12.—The statement of
actual condition of clearing house banks
and trust companies for the week shows
that they hold $19,414,800 reserve in excess
of legal requirements. This is a decrease
of $541,400 from last week.
k The details follow:
Actual Condition: Loans, $1,932,848,000;
increase. $10,313,000. Specie, $340,084,000; de
crease, $4,382,000. Legal tenders, $86,674,
000; increase, $7,262,000. Net deposits, $1,
796.6SO.OOO, increase. $17,882,000. Circulation,
$46,482,000: decrease. $340,000. Banks' cash
reserve in vault, $363,790,000; trust com
panies’ cash reserve in vault, $62,968,000.
aggregate cash reserve, $426,753,000; excess
lawful reserve, $19,414,800; decrease, $541.
400.
Trust companies’ reserve with clearing
house members, carrying 25 per cent cash
reserve. $64,144,000. Summary of state
banks and trust companies in Greater
New York not included in clearing house
statement: Loans. $550,520,200; decrease,
$3,754,100; specie, $65,600,600; increase, $415,
$415,200; legal tenders. $7,753,000; Increase,
$264,100. Total deposits, $626,519,500; de
crease, $9,067,750.
The Financier says this week:
Considering renewed exports of gold on
Paris account, and the conflicting move
ment of money following the July divi
dend period, the clearing house hanks
of New York made a very good state
Tnent for the week ending July 12. The
loans of the institution increased $10,
313.000. The current week was one of
the dullest ever known on the stock
exchange, so that the expansion in this
item was due to other causes. It is
to be noted that the loans of the trust
• companies, as reported in their state
ment made independently of the clear
ing house banks, decreased nearly $7,000,
000. so that there has probably been
some shifting of loans as between the
banks proper and the trust companies.
The banks lost $4,382,000 in specie but
gained $7,262,000 In legal tenders, the net
result being an increase of $2,880,000 in
cash. Deposits expanded $17,882,000, and
this increased reserve requirements to
an amount large enough to offset cash
gains, and the banks, therefore, decreased
their capital reserve $541,000, the surplus
above the 25 per cent minimum stand
ing at $19,414,800. The above figures are
based on the report of actual condition,
hut the statement figured according to
the system of daily averages, and show
ing earlier changes, makes the surplus
reserve of the banks $19,409,650.
Metal Market
New York. July 12.—Metals dull, prac
tically unchanged. I^ake copper, $14.50®
14.75; electrolytic, $14.25(014.50; casting,
$14.25. Iron barely steady; No. 1 foundry
' northern. $15.76@16; No. 2. $16.25(015.50; No.
1 southern and No. 1 southern soft, $14.75
@15.25.
London Stock Market
London, July 12.—Stock exchange deal
ers regard the Balkan outlook more op
timistically and advanced prices moder
Hubbard Bros. & Co.
Cotton Merchant** Hanover Square, X.
Y. Members New York Cotton Ex
change, New Orleans Cotton Exchange,
Ntw York Produce Exchange. Asso
ciate in embers Liverpool Cotton A»so
clation. Orders solicited for the pur
chase and sale of Cotton and Cotton
, Seed OH for future delivery. Special
attention and liberal, terms given for
consignments of spot cotton for de
livery. Correspondence Invited.
_ THE CLOSING STOCK LIST
_ _bales. High. Low*. Close.
Amal. Cop.3200 64% 63% 64%
Amer. C. R. 34%
Amer. Agri. 44%
Amer. B. S. 31%
Amer. Can .1000 27% 27% 27%
d° PM . 86
Amer. C. A F. 41%
Amer. Cot. OH. 35%
Amer. I. S. ..... ... .... .... 19%
Amer. Linseed .. 100 8% 8% 8%
Amer. Loco. og
Amer. Smelt. &
Refining . 700 61% 61 61
do pfd. 33%
Amer. Sug. Ref.107
Amer. T. A T.126%
Amer. Tob.210
Ana. Min. Co. ... 100 32% 32% 32%
Atchison .1000 95% 95% 95%
do pfd . 38%
Atlantic C. L. ... 100 115 115 114%
Balt. A Ohio. 300 93 92% 92%
Bethle. Steel .... 100 29 29 2.8 %
Brook. R. T. 100 86% 86% 86%
Can. Pacific .6000 214% 213% 21%
Cent. Leather. 20%
Ches. A Ohio-1000 52% 51% 52
Chi. G. W. ..... 12%
Chi. Mil. A
St. Paul . 200 102% 102% 102%
Chi. A N. W..127
Col. F. A I..... 27%
Consol. Gas. 100 129% 129% 129%
Corn .Prod. 100 9% 9% 9%
Del. A Hud.152
Den. A R. G. ,,. . 15%
do Pfd . 25
Distil. Secur. 12%
Erie .......1100 25% 25 25%
do 1st pfd.t. 38%
do 2d pfd. .. 31 %
Gen. Elfcct.138
Gt. Nor., pfd.122
Gt. Nor. O. ctfs.. 200 31% 31% 31%
Illinois Central.„ 111%
Interb. Met. 14%
do pfd -... 300 55 55" 54%
Inter. Harv.102%
Inter-Marine
. ?fd ’ .. 13%
Inter. Paper.. s%
Inter. Pump. g
K. O. Sou. 100 25*4 2584 25*4
Sales. High. Low. Close.
Laclede Gas.. 92
Lehigh Val.14t'0 145% 145% 145%
Louis. A Nash. .... 131
Minn.. St. P. A
Sault St. M.121
Mo.. K. A T. 20%
Mo. Pacific . 100 30% 30% 29%
Natl Biscuit.Ill
Nat’l Lead . 45
Nat. Rys. of M.
2d pfd . 400 12% 12% 1SVi
N. Y. Cent. 100 96 96 95%
N. Y„ O. A W. 28 Vi
Nor. A West. ... 100 103 103 103
Nor. Amer. 66
Nor. Pacific . 000 106% 105% 105%
Pacific Mall. 18
Penn. 409 111% 111% 110%
Peoples Gas.109
Pitts., C..C. &
St. Louis .. . 90
Pitts. Coal . 15%
Pressed S. C. 22%
Pull. Pal. Car.152%
Reading .4800 157% 156% 157%
Rep. I. A S. 509 19 18% 19
do pfd . 70
Rock I. Co. 100 16% 15% 15%
do pfd . 700 25% 20% 25%
St. L. A San. F.
2d pfd. 5%
Seaboard A. L.. 17
do pfd . 42
Sloss-Sheff. S.
A Iron. 22
Sou. Pacific .1100 91% 91% 91%
Sou. Railway ... 200 20% 20% 20%
do pfd . 74
Tenn. Cop. 300 28% 28% 28%
Tex. A Pacific. 13%
Union Pacific ;..5800 145% 145% i45%
do pfd . .. 81 %
U. S. Realty. 61
U. S. Rubber. 60%
U. S. Steel .6100 53 52% 52%
do pfd . 200 104% 104% 104 Vi
Utah Cop.1600 42% 52% 52%
V. -C. Chem. 23%
Wabash . 100 2% 2% 2%
do pfd . 100 6% 6% 6%
West. Md. 36
West. Union. 61
West'h. Flee. 56
W. A L. F.. . 4 %
__ xotai sales for the day, 44,000 shares.
_LOCAL SECURITIES
Rate. Bid. Asked.
Ala. F. A I.. 4 go 66
Amer. C. Rys., pfd.... 6 66 68
Amer. C. Rys. S3 37
Amer. T. A S. Bank... 8 170 180
Avondale Mills, com.. 8 110 115
Avondale Mills, pfd . 8 100 10S
Bessemer C. A 1. 4 45 55
B'ham, E. A B., com... 9 14
B'ham, E. A B., pfd. 6 30 38
B'ham Basehall Asso.. 140 170
B'ham Realty Co. 4 175 200
B'ham T. A S. 8 260 268
Cham, of Com., pfd .. 7 74 80
Com. Bank A T. Co. . 08 103
Corey Land . 70 75
East lake Land . 65 66
Elmwood Cem. Co. .... 4 87 95
Empire Imp., com .... 8 80 85
Empire Imp., pni .... 8 104 110
Ensley Land . 112 125
FirBt National Bank ..12 258 268
Great Sou. Life . 10 13
Interstate Casualty .. 4 7
Interstate Fire . 4 7
JefT. Co. S. Bank.1.10 160 175
Jefferson Fertilizer .. 8 130 135
L., L. A L., com. 46 60
L. , J. A L., pfd . 7 95 98
M. A M. Bank . 8 130 135
North B'ham Land .... 16 22
Protective Life . 10 12
Prov. Oil A Gas . 2 6
Realty Tr. Co., com.... 8 110 125
Realty Tr. Co., pfd ... 8 100 110
Scu. States Fire . * *
Traders Nat. Bank ... 9 166 180
BONDS
Hate. Bid. Asked.
Ala. State ref., 1920... 4 95 100
Ala. State Renew,, 1956 3 14 88 92
Ala. State Renew., 1956 4 100 108
Ala. State Fair . 6 75 86
Amer. C. Rys. 6 89 91
Bessemer C. & 1.6 100 101
B’ham, E. & B. 6 65 69
B. R„ L. & P. 6 98 100
B. R.. L. & P. 89 91
B'ham Ice Factory .. 6 100 106
B'ham R. & E.5 100 102
B'ham Waterworks ... 5 86 89
B'ham Waterworks ... 6 109 112
City ef Birmingham .. 5 100 104
City of Birmingham .. 6 105 108
Continental ala .6 lot 106
Country Club . 6 96 100
Jefferson County .... 5 103 108
Jefferson County .... 6 105 110
Jefferson County «... 4V4 100 .102
Milner Land Co. ...’. 6 100 102
Nashville Railway .... 5 102 105
Pratt Consolidated ... 6 88 88
Sluss 1. & S. . 6 102 105
Sloss 14 8. 4H 92 95
T. C. I., gt-n. mtg.5 100 102
T. C. L, Tenn. Dtv.6 101 103
T. C. I.. Ship Bldg_6 103 104
T. C. 1.. B’ham TJiv « 101 103
T. C. I.. Caha'a Dlv. e 103 107
ately in the British sections today. The
market closed steady. American securi
ties opened steady and later advanced
under leadership of Union Pacific and
Canadian Pacific. Closed steady with
prices from *4 to 2% higher than yester
day's New' York final prices.
Consols for money, 72 7-16. For account.
72 9-16: Illinois Central. 115; Louisville and
Nashville, 134*4; Southern railway, 21V
Bar silver steady, 27 l-16d per ounce.
Money, 2%@2% per cent. Discount rates,
short bilk*, 374 per cent; three months,
4 3-1604*4 per cent.
Coffee Market
New York, July L.—Coffee futures were
higher again today on continued covering
and European buying, which was attrib
uted by some to less favorable view of the
new crop, and by others to recognition of
a stronger technical position after the
heavy selling of the early week. The
opening was steady at an advance of 3 to
10 points, and active months sold about 9
to 18 points net higher during the middle
of the morning. Realizing by recent buy
ers caused inactions on the late trading,
with the close steady, at a net gain of 2
to 8 points. July, t.54c; September, 8^7c;
October, 8.Sle; December, 8.97c; January,
9.04c; March, 9.1'Jc; May, 9.25c. Spot
steady; Hio, 7s, 9%c; Santos, 4s, 11 Vie.
Mild dull; Cordova, 13010%c nominal.
Havre, 101 Vi francs higher; Hamburg,
101*4 pfgs. higher. Rio, 75 rels higher at
5sxl75; Santos 4 unchanged; 7s, 50 reia
higher at 6sx350. Brazilian port receipts,
29,000. against 28,000 last year. Jundiahy
receipts, 19,000, against 22,000 last year.
Live Stock Market
Chicago, July 12.—Hogs: Receipts, 6000;
6010c higher: bulk of sales, $8.9009.15;
light, $8.8509.30; mixed, $8.7O09.27V4;
heavy, $8.5009.17%; rough, $8.5008.70; pigs,
$7.3509.15.
Cattle—Receipts, 200; steady; beeves,
$7.2509.15; Texas steers, $708.20; stockers,
$5.6008; cows and heifers, $3.8508.50;
calves, $8.50041.
Sheep: Receipts, 9000; strong to 10c
higher; native sheep, $4.2505.50; yearlings,
$5.6507.25; native lambs, $6.6008.40.
Kansas City, July 12.—Hogs: Receipts,
12,000 ; 6010c higher; bulk of sales, $8,850
8.90; heavy, $8.8508.90; packers and butch
ers. $8.8508.90; light, $8.8508.90; pigs, $7.75@
8.60.
Cattle—Receipts, 600, Including 4<X) south
erns; steady; prime fed steers, $8.4008.80;
dressed beef steers, $7.2508.35; southern
steers, $5.2508; cow's, $4.2507; heifers,
$6.2508.65; stockers, $5.2607.75; calves, $60/
9.25.
Sheep: Receipts, 3000; strong; lambs,
$6.2508; yearlings, $606; wethers, $4,500
6.25; ewes, $3.7504.35.
St. Louis, July 12.—Cattle: Receipts, 600,
Including 100 Texans; steady; choice to
firm steers, $808.76; good to choice steers,
$8@8.26; dressed and butcher steers, $7,250
8; stockers, $5.2607.50; calves, $6010.75;
Texas steers, $6.2508.10; Texas cows and
heifers, $4.2606.50.
Hogs: Receipts, 1500; steady; pigs and
lights, $7.2509.10; mixed and butcher steers,
$9.0509.15; good heavq, $909.10.
Sheep: Receipts, 800; steady; muttons,
$3.7504.25; yearlings, $506.25; lambs, $60
8.15.
Louisville, July 12.—Cattle: Receipts,
250; slow; range, $208.25.
Sheep: Receipts, 7100; lambs strong, 8c
down; sheep, 4c down; week's rfeceipts of
sheep, 58,721, breaking the record.
Naval Stores
Savannah, Ga., July 12.—Turpentine
firm; 3SVi©3614c; sales, 776; receipts, BBS;
shipments, 11; stocks, 34,394. Rosin, firm;
sales, 911; receipts, 1182; shipments, 100;
stocks, 141.133. Quote: A. B, C, D, E, F,
G, H, I, K, $4.23; M, $4.80; N, 05.40; WG,
$8.25; WW, $0.30.
Cotton Seed Oil Market
New York, July 12.—The cotton seed
011 market was again strong and higher
today on an active demand for the old
crop positions and on continued scarcity
of supplies, closing 2 to 6 points higher
on near and 3 lower to 4 higher on late
positions. Prime crude, nominal; prime
summer yellow, 8.8o@9.S0c; July closed
8.86c; August, 8.81c; September, 8.82c; Oc
tober, 7.80c; November, 6.80c; December.
8.49c; January, 6.60c; February, 6.53c;
prime winter yellow and summer white,
9c bid.
Montgomery Market
Montgomery, July 12.—(Special.)—The
local cotton market Saturday was steady.
Strict low middling was quoted at ll%c;
middling, 12c; strict middling, 12)»c.
LOCAL QUOTATIONS
Pig Iron
IF . *11 MT
2F . 11.00
3F . 10.6U
Gray Forge . 10.00
IS . 11.50
2S . H.OO
Local Cottos
Strict good middling . 12*4®
Good middling . I2>*c
Strict middling . 1214c
Middling . HTfcc
Strict low middling . lli*c
Meat
Lard, 1314c; compound, 1014c; dry salt
short ribs, *14.06; bellies, *15.10; ham
butts, 16.50c; Boston butts, 16c; pork
loins, 17c; spare ribs, 13c; breakfast
bacon, 27028c; smoked bacon. 17c; regular
ham, 20',ic; skinned ham, 2114c.
Creamery Products
Country butter, 20026c; fresh creamery
butter, 3214c; cheese, 17c; Imported Swiss
cheese, 31c; German brick cheese, 20c;
llmburger cheese, 19c; Imported roquefert!
87c; Neufchatel cheese, per dozen, 46c;
Pimento cheese, S5c; process butter, joc'
daisy cheese, 1314c per poand. ’
Fruits and Produce
Apples, new, *1.6002; B'lorlda Va
lencia oranges, *5; California oranges, *5
box; limes, *1.25 per 100; Irish potatoes, 90c
to *1 bushel; sweet potatoes, Dooley, *1.60
@1.75 hamper; onions, red globe, 2c per
pound; lettuco, *1.5002.50 per crate; cu
cumbers. per crate, *1.75; tomatoes, Flor
ida, *2.25@2.75; cabbage, Mobile, *1.7602
crate; new Texas onions, crate, *1.50;
beans, per hamper, *1.2501.50; peaches. *2@
2.50 crate; squash, per hamper, *101.25;
cantaloupes, *2.5003; watermelons, 150
25c; peppers, per crate, *1.5002; lemons,
box of 360. *8.5009. Okra, *202.50 ham
I 3.50. Georgia cantaloupe, *2.50.
Fish and Sea Foods
Red snapper, 1001054c; In bbl. lots; gray
snappers or groupers, 35404c; Spanish
mackerel, 1254c; sun perch or bream, Sc to
10c in bbl. lots; pompano, 20c; mixed fish,
8c In bbl. lots; crockers, 6c In bbl. lots;
mullet, 654c In bbls.; small trout, 8c to
S54c; fresh water cat, dressed, 1254c; salt
water cat, 754c.
Flour and Brcadatuffa
Self rising flour, *5.75; Tennessee
flour, *5.40; Oklahoma flour. *6.00;
pure wheat shorts. *29; pure wheat bran,
*27; C. 8. hulls per ton, *16; prime C. s’,
meal, per ton, *27; C. S. feed meal, per
ton, *27; No. 1 timothy hay, per ton, *23;
mixed alfalfa and Johnson grass, per ton,
*20; sack, 51.50; alfalfa hay, per ton, *22;
Johnson grass, per ton, *16; mixed feed!
*32; oats, 58c; bus; corn, 87c.
Poultry and Eggs
Hens, per pound, 14015c; fryers,
15*0154 lbs. average, 26c; fryers
less than 1 lb. and under I54 pounds aver
age, 20c; ducks, 14c pound; guineas,
30c; roosters, 30c; geese. 40050c;
live turkeys. 18020c; fresh eggs, case can
died, 17018c; extra graded candled eggs.
24c.
Coffee and Sugar
Coffee, Arbuckles, *22.77 per 100 pounds;
Luzanne, 25c per pound. Sugar, standard
granuated, 5c per pound.
Aristocratic Republicans
From Tit-Bits.
Nowadays nearly every trade has been
invaded by members of the "upper ten,"
among others that of public house keep
ers.
Forsome years past Sir Henry Eehlin,
Bart.,' has held the license of the Seven
Stars In Bledlow, Bucks, which he has
only just given up. He owned other pub
lic houses also, being the proprietor of
the Wheelwrights' Arms at Marlow and
of the Rose and Crown at 5Voburn Green.
Sir Henry Eehlin can trace his lineage
back to thirteenth century. He belongs
to an old Scottish family, and has had an
adventurous career, for after being In
service as a footman he Joined the Royal
Irish constabulary. Then he served in
the Life Guards, and later became a po
liceman. He was very popular behind the
bar, being known as "Sir Henry" by his
customers.
Another titled publican, the Hon. L. C.
F. Vernon, owned the Falcon hotel, Wy
combe, which he managed in a most bus
iness like way. This year he sold the Inn
At A handsome profit.
WHEAT PRICES ARE
LOWEST OF SEASON
Winter Wheat Had Large
Run Yesterday—Corn
Bearish
Chicago, July 12.—Wheat prices fell to
day to a lower level for July and Septem
ber than had been reached before this sea
son, due largely io excellent rains of ad
vantage to the entire spring crop. The
close, which was nearly at the bottom
point, showed a loss of l%<ffl%c net.
Corn finished %<S%c down, oats off %4P%c,
and provisions 10c down to a like advance.
General selbng of wheat by longs bore
down the market from the outset. Cables
were lower end there was no evidence of
export demand. .Ibout the only demand
came from shorts who were taking profit*.
Hedging 3ales due to a large run of win
ter wheat o market had an increasing
bearish effect in the last half of the day.
Primary receipts for 24 hours amounted to
1,197,000 bushels, against 632.000 a year ago,
making average daily receipts more than
a million bushels at the principal termi
nals for the week. Seaboard clearance*
of wheat and Hour today were only 133,00c
bushels.
Sentiment in corn became campanile
bearish as a result of the continued fine
weather and the improved outlook for the
growing crop. Owners unloaded on an
extensive scale.
Oats broke with other grain. One house
disposed of more than a million bushels.
Action in the provision pit had a see
saw character, because firmness of the
hog market conflicted with sympathy for
the weakening of the cereals.
Future quotations were as follows:
"'Wheat— Ope7i7~ High. Low. Close.
July . 6 6 % .... .... 65%
Sept. 87% 87% 86% 86%
Dec. 91% 91% 90 90 %
Corn—
July . 58% 58% 69%
Sept. 59% 60 % 59% 59%
Dec. 56% 56% 55% 56%
Oats— s,
July. 37% 37% 37% 37%
Sept. 38% 39 3S.% 38%
Dec. 40% 40% 39% 40
Pork—
July.21.77% 22.00 21.77% 21.85
Sept. .....21.00 21.17% 21.00 21.02%
Lard—
July .11.69% 11.65 11.60 11.65
Sept.11.75 11.77 % 11.67% 11.72#;
Oct.11.82% 11.82% 11.75 11.77,%
Jan.10.70 12.70 10.65 10.65
Ribs—
July.r. 11.65 IV 6^ 1L65
Sept.11.85 11.87% 11.75 11.77%
Oct. 11.65 11.67 % 11.52% 11.52%
Grain Receipts and Shipments
Kansas City, July 12.—Receipts: Flour,
quiet; wheat, 373.000; corn, 199,000; oats,
7000. Shipments; Wheat, 56,000; corn, 46,
000; oats, 6000.
Kansas City Grain
Kansasa City, July 12.—Cash wheat, No,
2 hard, 9754<': No, 2 red, 8754c. Cash corn,
No. 2 mixed, 7054c; No. 2 white, 6054c.
Cash oats, No. 2 white, 4104154c; No. 2
mixed, 3754008c. Wheal futures: July,
785rc: September. 809408044c; December,
8454@8454c. Corn futures: July, 5854c; Sep
tember, 595405954c; December, 5454c. Oats
futures: September, 3854c; December,
4094c.
_
St. Louis Grain
St. Louis, July 12.—Cash wheat, No.
2 red, 8408554c; No. 2 hard, 8709254c. Cash
corn: No. 2. 62c; No. 2 white, 6454©6554c.
Cash oats: No. 2, 39'4c; No. 2 white. 4094c.
WWheat futures: July, 8254c; September,
84c. Corn futures: July, 60c; September,
5994c. Oats futures: July, 3354c; Septem
ber, 3794c.
Liverpool Grain
Liverpool, July 12.—Wheat, spot
steady; No. 1 Manitoba, 7s. 9d; No. 2.
7s, 654<1; No. 3, 7s. 45jd. Futures weak;
July. 7s, 554d; October, 7s, 39td; December,
7s, 494d. Spot corn steady; American
mixed, nuew kiln dried, 5s, 6d; American
mixed old, 6s; American mixed old via
Galveston, 5s. 854d- Futures, easy; Sep
tember La Plata, 4s, ll*4d; October, La
Plata, 6s, 94d.
St. Louis Produce
St. Louis, July 12.—Flour, steady. Hay,
steady; timothy, $13017; prairie, $10013.
Receipts; Flour, 8000; wheat, 209,000; corn,
60,000; oats, 61,000, Shipments: Flour, 7000;
wheat, 59,000; corn. 30,000; oats, 31,000.
New Orleans Rice Market
New- Orleans, July 12.—Rice, demand
for rough Honduras good; Japan fair;
clean steady. Quote: Rough Honduras,
2.5004.50c; Japan. $203.25c; clean Hondu
ras, 4440694c; Japan, 3540394c. Sales:
Clean Japan, 25 pockets at 3'4c.
THE MOROS NOT MOORS
Inhabitants of the Suin Are Moham
medan Malays
It Is rather curious about those ''Moros"
that we are fighting In the Philippines,
says tho New York Mall. "Moro" means
Moor, and the name was applied to these
people by the Spanish for the reason
that, like the real Moors of North Africa,
they are Mohammedans To the mind of
the Spanish settlers in the Philippines,
any people who were also warlike were
necessarily Moors.
As a matter of fact, these Moros are
pure Malays. They came originally from
the Malayan Islands, further to the south
and west, and their ancestors were con
verted to Mohammedanism by mission
aries of that faith who wandered to Ma
laysia from India. They possess all the
fierceness of their hrethren, the Malayan
headhunters of Borneo; and it is well
know nthat the Mohammedan religion has
never had the effect to reduce or tame the
native fierceness of any people. These
Sulu Moros are among the most fanati
cal Mussulmans in the world. Centuries
of force on the part of the Spaniards
has had no effect whatever upon them.
The same rnl%whlch the Spaniards fol
lowed in calling these Malays Moors, they
also applied in the name they gave to the
pagan inhabitants of the Philippines,
whom they called "Indians." after the
natives not of India, but of Peru and
Mexico, from which countries the Spanish
invaded these distant Islands. The Pe
ruvians. Mexicans and natives of the
West Indies were called Indians. They
were brown, wild and pagan. Consequent
ly in the opinion of these conqulstadores
of limited ethnological knowledge, these
people wpre Indians. And "Indlos' the
pagan and Christianized natives of the
Philippines have remained to this day to
the Spaniards. We call them Filippinos,
and in our spelling of this word, though
not in that of the name of the islands
themsejves, we pay a tribute to the sim
plified Spanish orthography.
Not His First Job
From the St. Louis Republic.
"When he entered business she was
In the hey-day of his youth, and he made
it go, too. He has carved out a great
success for himself."
"First job he ever had, wasn't it?"
"Oh. no. I thought you knew him. He
played in the major baseball leagues
until forced out by the rule benching
the veterans.”
MONEY IN WHEAT
519.00 Buys Puts or Calls oil 10.000 bush
els of wheat. No Further Risk. A move
ment of .ic from price gives you chance
to take $500.00; 4c $400.00; 8c $300 00
etc. Write for particulars.
THE CENTRAL STOCK A OR \|\ CO.
Park Bids., Cleveland, O,
—
Trading: Conservative and
Limited in Part by the
• Financial Conditions
New York, July 12.—Buyers of cot
ton goods have been numerous In tho
markets. The trading has been along
conservative lines and of a hand to
mouth character, limited In part by
general financial conditions and in
some degree by delays in tariff legis
lation and by the feeling among
traders that raw material values may
decline as the fall season approaches.
The scarcity of spot stocks continues
to keep values steady and consumption
does not seem to he facing away in the
ratio of curtailed production due to la
bor conditions at mill centers. Print
cloths and convertibles have been mod
erately active, printers, bleachers and
converters seeking staple cloths for
nearby use.
The openings of fine and fancy cot
tons#for spring have been numerous
and many novelty cloths are being
shown and contracted for. Printed
goods of a staple character are quiet
Staple ginghams are well engaged.
Tickings are stdd up to September 15,
in leading mills. Denims remain firm.
Duck show's little or no change and
continues generally firm. Drifts and
sheetings are In steady request for
small lots and several of the larger
mills are comfortably provided w'ith
business.
Cotton blankets and staple napped
goods are scarce for spot use. Dight
weight, knit goods are helng ordered
well for spring. The yarn markets are
generally steady but business has been
of moderate proportions. At mill cen
ters attention is being paid to holding
stooK’s down and to limiting the out
put to firm orders. Prices rule as fol
lows:
Print cloths, 28-inch, 64x61s, 3*4c;
64x60s, 3&c; 38%-lnch. 64x64*. 5c to
5 1-Hc; brown sheetings, southern stan
dards, 7\c and 8c; denims, 9 ounces,
14c; tickings, 8-ounce, 13 Vi c; staple
ginghams. B^ic; standard staple tick
ings, 5Vfcc; ginghams, 9 Vic.
Newr Orleans Cotton Futures
Open. High. Dow. Cl.Bd.
July . 12740 i2744 12742 12.43
August . 11.93 11.99 11.99 1 1.98
September ... 11.54 . 11.58
October . 11.48 11.51 11.45 11.47
December.... 11.46 11.49 11.43 11.45
January . 11.47 11.49 1 1.45 11.47
March . 11.56 11.56 11.64 1 i 56
Port Cotton Movement
Galveston; Steady; middling, 12 5-16*:;
tiet receipts, 647; gross receipts, 647; sales,
167; stock. 47,486; exports coastwise, 626.
New Orleans: Quiet; middling, 12 7-10o:
r.et receipts. 235; gross receipts. 238; sales,
165; stock, 35,673; exports coastwise, 759.
Mobile: Quiet; middling, 12c; net te
celpts, 12; rross receipts, 12; stock, 4490;
exports coastwise, 6.
Savannah: Firm; middling, 12c; net
receipts, 309; gross receipts, 309; sales, 22;
stock, 23,869.
Charleston: Nominal; net receipts, 3;
gross receipts, 1; stock, 1209.
Wilmington; Bull; middling, 12c; stock,
10,130.
Norfolk: Firm; middling, 12%c; net re
ceipts, 232; gross receipts, 232; sales, 225;
slock, 17,661; exports coastwise. 1461.
Baltimore: Nominal; middling, 12»aC;
gross receipt.--, 2710; stock, 6166; exports
coastwise, 1615.
New York: Quiet; middling, 12.30c; gross
receipts, 1599; stock, 44,133; exports coast
wise, 1016.
Boston: Quiet; middling. 12.30c; net re
ceipts, 15; gr »ss receipts. 568; stock, 7359;
exports to Great Britain, 27.
Philadelphia: Steady; middling, 12.55c;
stock. 516; exports to continent, 40.
Brunswick: Stock, 5968.
Texas City. Stock, 2590.
Jacksonville: Stock, 501.
Total today, at all ports: Net, 1457; ex
ports to Gr>at Britain, 27; to continent, 40;
stock. 210,471.
Consolidated, at all ports: Net. 1451;
exports to Great Britain, 27; to continent.
40.
Total since September 1, at all port
Net, 9,737.400, exports to Great Britain,
3,459.985; to France. 958.330; to continent.
3,436,398; to Japan, 381,020; to Mexico, 4750.
Interior Cotton Movement
Houston: Quiet; middling, 12 3-16c;
net receipts, 497; gross receipts, 497;
shipments, 1413; sales, 475; stock, 37,
424.
Augusta: Steady: middling, 12<4c; net
receipts. 46; gross receipts, 129; ship
ments, 433; sales, 477; stock, 18,451.
Memphis: Quiet; middling, 12%c; net
receipts, 13; gross receipts, 186; ship
ments, 1007; stock, 26,519.
St. Louis: Quiet; middling, 12 5-16e;
gross receipts, 236; shipments, 322;
stock, 18,920.
Cincinnati: Net receipts, 296; gross
receipts, 296; shipments, 100; sales, 400;
stock, 22,395.
Little Rock: Steady; middling, 12c;
net receipts, 7: gross receipts, 7; ship
ments, 5; stock, 13,766.
Greenville: Steady; middling, 12c.
Total today: Net receipts, 859; gross
receipts 1345; shipments, 3280; sales
1352; stock, 138,481.
Weekly Cotton Review
New Orleans, July 12—This was a tame
week In the cotton market. The net
change was a loss of 5 to 13 points. The
range for the week was only 19 to 20
points. The high prices were made on
Thursday and the low prices on Tuesday.
At the highest the trading months were
3 to 8 points over last week s close; at the
lowest they were 12 to 16 under.
Trading was restricted to a considerable
extent by the agitation RgalriBt future
trading in Washington and by the holi
days In Liverpool Friday and Saturday.
Sentiment appeared to be about eveniy
divided, although good rains over a large
part of the belt gave the bear side some
what the advantage. Reports of irregular
growth of plants, spotted crops, the boll
weevil and high temperature were a help
to the longs.
A feature of the week was the receipt
of the first new hale. This came into
sight Thursday, and was a week later
than the Mist hale last year. At the
same time it was quickly followed by two
more bales of new growth cotton, so that
at the end of the week there were three
bales of new In sight, against only two up
to the same date last year. Rears railed
attention to the fact that only 13 bales
of new cotton came Into sight up (o the
first of August last year, whereas all indi
cations pointed to a generous movement
of new cotton during the remainder of this
month Bulls countered by claiming that
spot buyers were eagerly waiting for the
new crop to begin to move, and that they'
would quickly snap up everything that
came forward.
In the spot department prices lost 3-16c.
middling closing at 12 7-16o, against 12Hc
last week and 13c this week last year.
Sales on the spot amounted to 6SU hales,
against 533 last week and 616 this week
last year. Sales to arrive amounted to
1296 bales, against 478 last week and „72
this week last year.
Dry Goods
Naw York, July 12—Cotton goods mar
kets are quiet and steady with interest
centering largely on the opening of many
novel spring fabrics for the season of
1914. Linens are quiet, burlaps very firm
for spot delivery. Men’s wear linens
are being shown In a quiet way mors
*—Jobber* reporr having had a good
wet k.
Hubbard Broa. & Co.’a Letter
New York, July 12—(Bpeclal.)-The ex
Second Bale of New Crop
Is Sold at Auc
tion . $
•‘"311
J“ - --
New Orleans, July 12.—The week-end
session in the cotton market was quiet
with only a narrow price movement.
Weather and crop news was more
against thnn for the market but shorts
covered over the week-end and their
purchases were to furnish a very steady
undertone. A feature of the day was
the auction sale of the second bale of
the new crop. It was shipped from San
Benito. Tex., to a local firm, was classed
middling, inch and one-eighth staple,
and brought 16 cents a pound.
The market opened quiet 2 points
down to 1 point up, eomprred with the
close of yesterday. Around the call the
active months went 2 points over yes
terday's close, but later fell off to
the lowest levels again on the good
weather returns. The demand for short
covers was good around the middle of
the morning and the market stood 4
points over yesterday's final figures.
Late in the morning the market was
dull and inclined to sag. The close was
unchanged to 2‘ points up, net.
The weather map indicated consid
erable rain in all but the extreme west
ern portions of the belt and the fore-,
cast promised little change In condi
tions over Sunday. This, and the re
ceipt in Texas of the third bale of the
new crop, against only two up to this
time last year, encouraged what short
selling there was.
New York Cotton Futures
Open. Sigh. Low.
July .12.02 12.10 12.07 12.06
August . 12.06 12.10 12.05 12.06
September. 11.66
October . 11.44 11.49 11.42 1 1.44
November. 11.34
December _ 11.36 11.40 11.34 1 1.35
January . 11.32 11.35 11.29 11.30
February . 11.31
March . 11.40 11.41 11.38 11.33
New Orleans, July 12.—Spot cotton
unchanged, easy. Middling, 12 7-16c.
Spot sales, 165 bales; to arrive, none.
Low ordinary, 9 l-16c nominal; ordinary,
974c nominal; good ordinary, 1174c;
strict good ordinary, 11 %c; low mid
dling, 1274c; middling, 12 7-16c; strict
middling, 12*4c; good middling,
12 15-16c; strict good middling. 13l4»e*
middling fair, 13 9-16c nominal; mid
dling fair to fair, 13 15-16c nominal;
fair, 14 5-16c. nominal. Receipts, 235;
stock, 35,673. „
Safe!
From Young’s Magazine.
The McTavlsh family was dining, and
each member eagerly watched Mr. Mc
Tavlsh carving the fowl, none so eagerly,
however, as the dog, for that intelligent
animal never took his eyes off the bird.
Suddenly the knife slipped and sent a
fragment of poultry rolling on the floor.
"Michty me," cried McTavlsh, "the leg,
my own favorite bit. The dog'll get it.’’
"No. it won’t, father," said the young
est McTavlsh. "He'll no get it. I’ve got
my foot on it.”
A Bas $1,98 Frocks
From the St.. Louis Republic.
“Talking about hard times in the thea
ininstrel show which by the adoption of
a new idea to meet popular approval,
is simply coining money hand over list."
“Gracious! Something new in the min
strel business; what on earth is it?"
“The middle man has been eliminated."
treme dullness was intensified by the
holiday in Liverpool. Some little demand
steadied prices on limited trading with
the inside positions well sustained.
Dealings were without consequence.
Georgia reports are unequal with the
eastern section better than the average.
Texas (Fayette county) out look for
larger crop than last year with bolls
opening and the dry weather hindering
the weevil a generally favorable condi
tion.
Foreign advices say spinners are con
servative with only moderate future buy
ing. Stocks are moderate, yarns sold
ahead from two to six months and suf
ficient cotton for spinning till Septem
ber.
JULY HOLIDAYS
AFFECTING STEEL
Many Mills Still Out for Re
pairs, But About Half
Resume Operations
New York. July 12.—The restricting In
fluence of the July holidays was again an
important factor of the iron and steel in
dustry last week. About half the mills
that were shut down resumed, but a num
ber are still out for repairs. Most of the
furnaces banked by the steel companies
are again hlowing, hut more merchant fur
naces were cither banked or blown out.
Since the loginning of the current month,
output of rolled steel has been scarcely 76
per cent of capacity, against 98 to 100 per
cent In June.
New Orders and specifications on con
tracts fell off even more than production.
The Steel corporation subsidiaries booked
orders in June at the rate of 25,320 tons
per day. a total gain of 108,000 tons com
pared with May, but bookings were
about 20.000 tons per day less than ship
ments. Since July 1 orders apparently
have been scarcely 40 per cent of the re
duced shipments.
In June the steel companies reduced
output of pig Iron 87.000 tons, while the
Steel corporation Increased its daily pro
duction. The merchant furnaces reduced
only 68,000 tons. During the first half of
1913 the pig iron production was 16,484,000
tons, a new high record for a half year,
and during the last 12 consecutive months
the total output has been 32,968.000, exceed
ing all previous recofds for a similar year.
Railroad orders for equipment last week
were insignificant, but Inquiries came out
; for about 25,000 tons of rails, 60oO tons for
export. There also were some structural
inquiries for Cuba and South America. Ar
gentine asked for bids on a large dry
dock. New York Central railroad prob
ably will replace some rail orders as mills
are far behind on deliveries.
Fabricating shops booked orders for
scarcely 8000 tons of shapes, of which 4225
tons were for railroad work, the largest
being for the Rig Four shops and the New
York and Long Branch bridge at Red
Bank, the Hill and Hollenbeck publishing
•houses’ contract calling for 3600 and 4000
tons steel, respectively, have been received
and awards are expected soon.
Buying of pig iron is not developing as
expected, and prices still tend downward.
SPECIAL RATES
Via
llnltImore, Mil., anil Return 924.75
Tickets on sale August 1, 2 and 3; final
limit rturning August 15, 1913.
f'lnelnnntl, O., and Return 91R.20
Tickets on sale July 26. 27 and 28; limit
ed for return August 5, 1913, and fop
fee of $1.00 can be extended to and
including August 20. 1913, if desired.
Mobile, Ala., and Return gif.OR
Tickets on sale August 10, 11 and 11;
limited for return August 18, 1913.
For further information or sleeping cap
reservations, phone Main 5813 or con»
fer with
J. H. SETTLE, D. P. A.,
IlIrmliiKbiim, Ain.
^^^URINARY
DISCHARGES
A*im 01 Fj In RELIEVED IN
mfijSlmmu hours
Wm ifjMM mWF Each Cap ■
Vi J M ■ ■ BW fiule hears (mIOY)
the namt
Jkuxsre of counterfeits
ALL DRUGGI8TS
iHUMiyiiiiiiiiuaauiiuiywMyMMiyRMi
RICORD’S vital
'RESTORATIVE
Price $1. At all druggists. Always on hand at
Collier Dtug Co.. 109 North Twentieth street. Mall
*»imiA ■.us|f ssjojssh
psiPHOf sj»pj»
Opportunity ■
By prompt action those with ready cash can now in
crease their earnings.
1 have gilt-edged paper daily passing through niy
office drawing from 7 to 8 per cent. DISCOUNT in
advance. , /
Highest class active stocks and bonds as collateral.
Heavy margin to provide against depreciation. Time
to suit lender.
Will submit same on request.
Have $4000 to loan on first mortgage at 8 per cent.
GEO. B. WARD
OTTO MARX & CO.
BANKERS
$8,000,000
PIERCE OIL CORPORATION
One year, 8 per cent gold notes, secured bv $10,000,000
10 year, 6 per cent convertible gold debentures.
Net earnings for past twelve years average over
$2,000,000 per annum.
Interest charge, on these notes $480,000 per annum. •
No bonds ahead.
The Pierce Oil Corporation is a consolidation of the
Waters Pierce Oil Company and the Pierce Fordyce Oil As
sociation, formerly subsidiaries of the Standard Oil Com
pany.
Price 98 and interest, to net 8 per cent on the invest
ment. Particulars upon application.
bankers
noXD AND MORTGAGE INVESTMENTS SUITABLE FOR SAVINGS
BANKS, INSURANCE COMPANIES AND ESTATES, YIELD
ING FROM S 1-2 TO T PER CENT PER ANNUM.
REAL ESTATE MORTGAGE LOANS ON BUSINESS AND RESI
DENCE PROPERTY AT », S 1-2 A$D a PER CENT, AND
ON SUBURBAN PROPERTY AT T PER CENT