The Birmingham age-herald. [volume], August 30, 1913, Page 11, Image 11

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

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

                
VERY ILL NEED
Speculation Fails to Main
tain Brisk Pace of
Day Before
New York, August 29.—Speculation
failed to maintain today the brisk pace
set yesterday, although the recent gains
were well held. In the absence of definite
news from Mexico and with no striking
developments in any other quarter, incen
tive for active trading was lacking. The
approach of a triple holiday tended still
further to curtail dealings.
Bears attempted to depress the list at
the opening, but the market vyas too
fetrong for them. With Smelting; Steel
and the coalers in the lead, highest prices
of the present movement were reached.
Later in the day, owing to realizing and
the weakness of a few stocks, the list
moved slowly downward with increased
heaviness toward the close, which in
many cases eliminated the earlier gains.
American ice, which lost a large part of
Its recent rise; Missouri Pacific, New
York Central and New Haven showed
heaviness.
Sentiment remained hopeful, despite the
failure of the market to continue on its
upward course and bullishly inclined
traders maintained that the market was
In a better position than it Bad been tor
some nme.
Improvement of the investment ifiirttet
is Indicated by the broader demand for
standard dividend paying shares, but iu
' the ready absorption of recent bonds and
i.ot offerings. Although no figures re
garding subscriptions to Union Pacific's
holdings of Southern Pacific will be avail
able until next week, the success of the
offerings, was said today to be assured.
Known movements of currency for the
week, indicated a smaller cash loss for
the banks than was expected, on account
of gains from the interior, cutting down
the apparent loss to about $4,000,000.
The bond market was irregular. Tole
do. St. LouisT and Western 4's rose 5
points and lateiwlost the advance. Total
, sales, par value, $1,417,000. United States
bonds were unchanged on call.
New York Cotton Futures_
Open. High. Low. Cl.Bd.
August ...... 12.26 run 3 2.10 :..:;
September . 12.27 12.i7 12.17
Octoher . 12.30 12.3 4 12.23 12.27
November . 12.18
J>ecembcr ... 12.27 12.28 12.15 13.20
January . 12.17 12.19 12.05 12.09
February . 12.10
March . 12.2$* 12.26 12 to 12.IS
. April . 12.23
May . 12.23 12.32 12.20 12,23
Treasury Statement
Washington. August 29.—The condition
of the United States treasury at the begin
ning of business today was; Net balance
in general fund. $126,635,988. Total receipts
yesterday, $3,104,402; total payments yes
terday, $2,161,074. The deficit this fiscal
yea?* is $12,331,120, against a deficit of
$7,479,179 last year, exclusive of Panama
canal and public debt tiansactlons.
New York Money
New York, A??gust 29.—Call money
steady, 2%fc'2% per cent; ruling rate, 2%
per cent; closing bid, 2Ufo2% per cent.
Time loans easier. 60 days, 3\ per cent;
90 days. per cent. Six inonths 5
per cent. Prime mercantile paper, 5*i<ii'
6% per cent; sterling exchange weak,
$4.S276 lor 60-day bills; $4.S."».90 for denjand.
Uo?nmercial bills, $4.82%. Bar silver, 59%e.
Mexican dollars, 46c. (Government bonds
steady; railioad bonds iriegular.
Herman Exchange
Berll??, August 29.—Exchange on Lon
don, 20m 43%pfgs. for checks. Money, 3®
3% per cent. Private rate of dlfleount 5 per
cent.
French Exchange
Paris, August 29.--Three per cent rentes,
88f 72%c for the account; exchange on
London, 25f 23%c for checks. Private rate
of discount 3% per cent.
London Stock Market
London, August 29.—Discount rates
were easy and money harder in today's
stock transactions. Improvement in the
Mexica?i situation caused a?i advance
i?i Mexican securities. American .securi
ties advanced on Wall street support
and closed steady.
Consols for money, 74%; Consols for
the account, 74 5-16 for October; Illi
nois Central, 111; Louisville and Nash
ville, 139%; Southern Railway, 25%;
bar silver quiet, 27 %d per ounce. Money,
2% @2% per cent; discount raes, short
time bills. 3%@3 9-16 per cent; three
months, 3 11-16@3% per cent.
Metal Market
New York, August 29.—Lead steady,
$46.50# 46.85; in London, £20 5s. Speltr*
steady. $5.85# 5.95; in London, £21 2s 6d.
Copper quiet; Standard spot to Septem
ber. $16.75; electrolytic steady. $16.00#
16.12; lake. $16.25# 16.50 nominal; cast
ing. $15.75 # 15.87. Tin weak; spot,
$42.60# 12.80; Oc tober, $42.50# 42.80;
November, $42.40# 42.80. Antimony dull,
Cookson, $8.40#8.50. Iron steady and
unchanged; London closed as follows:
Copper quiet; spot, £71 2s 6d; futures,
£71. Tin wq^lt; spot, £194; futures, £193
10s. Iron: Cleveland warrants, 56s.
Wood Market
Boston. August 29.—The week in the
Boston wool market has been like a
number which have immediately pre
coded. Price's ave hardly changed as a
whole, although quarter bloods which
have been relatively dear, are slight
ly easier while lino wools delaine par
ticularly are slightly firmer.
Domestic ((notations included Ken
tucky and similar half blood unwashed,
23#24c; three-eights blood unwashed,
24# 25c.
poured basis: Texas fine, 12 months,
f»2*#53c; fine six to eight months, 47#
48r; fine fall, 45#46c.
Territory tine staple, 54#35e; fl fie
clothing, 50#52c; fine medium clothing,
48#50c; half blood combing, 50#65c.
Live Stock Market
Chicago. August 29.—Calves sold here
today at a new high record for this mar
ket. A few choice vealers brought $12.35,
which is 10 cents above all previous fig
ures.
Hogs: Receipts. 15,000; packing grades
strong; others. 5#10c lower; bulk of sales,
$7.95#8.50; light. $S.3o#9.05; mixed. $7.60#)
9.05; heavy. $7.J5#$.75; rough, $7.45#7.75;
pigs. $4#8.7o.
Cattle: Receipts, 4000; steady to strong;
beeves. $6.90#9.25; Texas steers, $6.75#
7.75; stockers, $o.50#7.90; cows and heif
ers, $3.65#6.60; calves, $9#12.35.
Sheep: Receipts, 7000; generally steady;
native sheep, $3.85#5; yearlings. $5.25#6.10;
native lambs. $5.75#8.10.
Kansas City, August 29.—Hogs: Re
ceipts, 1900; steady to 5c lower; bulk, $8.25
#8.65; heavy, $8.3o#S.60; packers and
butchers, $8.30#8.80; light. $8.25#6.70; pigs,
“
Cattle: Receipts, 2000, including 500
southerns; strong; southerns. 10c higher;
prime fed steers, $8.60#9.10; dressed beef
Hubbard Bros. & Co.
Cotton Merchant)!. Haaoyer Square, IK.
V. Members New York Cotton Ex
change. New Orleans Cotton Exchange,
New York Produae Exchange. Asso
ciate Members Liverpool Cotton Asso
ciation Orders solicited for the pur
chase and sale of Cotton and Cotton
Heed Oil for future delivery. Special
h attention and liberal tern's given for
* fg0|pignrnents. of spot mym fe--fa.
• ' ' «d» j ,1
__THE CLOSING STOCK LIST
__ sales. High. Low. Close.
A. C. R! .. m x . . . . . . . 35%
Arnal. Cop.24800 75 % 75 I 76 *
-Vnier. Agri. 2300 45 43 ', 41
Amer. a. H.loo *«% 211% 26%
Amer. Can .... 7300 35% 3:. 35%
do pfd .1600 08 06% 06%
A- C. »AF. 500 46% 46% 46%
Amer. Cot. Oil . 200 44 % it 44%
Amer. Ice Sec. ,2100 25% 2.1 22%
Amer. Lin.100 10 to 91”
Amer. Loco. .... 800 36 3,1% 35'j
A. S. & R.7400 69% 67% 68%
do pfd . 100 101 % 10! % 101
A. S. R. 200 111 110'% 110%
Amer. T. .fc T. . 300 131 1,30 , 130%
Amer. Tob.'231
Ana. Min. Co. . 1S0U 37% 37% 37 %
Atchison .2100 96% 96% 96%
do pfd . 96%
A. C. L. 100 122 122 121 %
B & O. 300 97 96% 96%
Beth. Steel .... 500 85% 35% 35%
B. R. T.100 89% 89% 89%
C. P. ex dlv ...1600 219 2ls% 218%
iCen. Leath. 200 24 % 24% 23%
<-'• « O. .1200 59% 59% 59%
Chi. G. IV. 200 14% II 141,
|C„ M. & St. P. .1800 107% 106% 107
C. & N AY. 100 130 % 130% 130
C. F. & 1. 1000 33 32% 32%
con. Gas .‘200 132% 132 132
Corn Prod. 200 11 % 1 > 1 j
!->• ® H. 300 160 159% 158%
19. & H. G. .... ... .. 49
do pfd ... 33
Die. Sec. 500 14 13 % 13
Erie .140(J 29% 28% 28%
do 1st pfd ... 600 47 % 47 46'4
do 2d pfd ... 100 36% 36% 36%
|G. E. ex dlv .. 200 144 144 143
° N. Pfd . 500 127% 127% 127%
G. N. Ore Ctfs. . 900 35% 35 34%
El- Cen. 200 loSHloSti 108%
inter.-Met. 2400 16% 16% 16%
do PM .5200 63% 63% 63%
Inter. Har. .107
Inter-Marine
Pfd. 16%
Inter. Paper . 9
Inter. Pump . 71,
K. O. S. 200 25% 25% 25
L G. ex dlv. 92
Lehigh Val. 3600 156% 156 155 V
• Sales. High. Low. Close.
lZ &“N' 777777. 200 136 136 1*5 ~
Minn.. St. P. &
Sault Ste. M. . 100 134% 134% 134%
M. . K. & T. 22%
Mo. Pac.8500 31% 29 % 30%
I Nat. Bis. 200 1 26% 126 12#%
Nat. Lead . 100 50 5o 48%
Nat. Rys. of M.
2d pfd . 700 16% 16 15%
N. V. C.1600 97% 9i. % 9 7
>N. V.. O. & VV. . 200 29% 29% 29%
N. & YV. ex div. 100 105 105 101%
Nor. Araer. 72
Nor. Pac. 800 11 3 % 11 2 % 11 2 %
Pac. Mail . 700 21 % 21 2.1%
Pennsylvania ...2100 113% 114 1T3%
Peo. Gas . 400 1 IS 117 117
Pitts., C., <_\, Ac
St. Louis . 8;S %
Pitts. <’oal .... 200 20% 20 8 19%
P. S. C. 300 29% 25 25
P. P. C. 154
Reading .42600 163% 162% 162%
R. I. & S. .... 800 26 24 % 24 %
do pfd . 88%
lit. r. Cf. 700 18% 17% 17%
do r#d . 300 2S% 28 2S
1st. L & S. F.
2d pfd . 100 10% 10% 10
S. A. 1* ....... 200 19 19 1S%
do pfd . 45%
| Sloss-Sheff.. S.
and Iron .... 300 31 50% 30
S6u. Pac. ex div 36100 90% 89% 89%
[.Sou. Ry. 100 24% 24% 24%
do pfd . 100 80 So 79%
1 Tenn. Cop.1300 32% 32 32%
; T. & P. 15
, Union Pac.17600 155% 154*% lot"*
do pfd . 300 85% 83% 83%
| U. S. Realty. 66
tr. S. Rub. 1300 62% 61% 61%
j U. S. Steel - 66300 65% '65 66 Vi
do pfd . 500 108% 10S% 10$%
Utah Cop. 4600 53% 52% 53%
V. -C. Chem. 100 28 2S 27%
YVabash . 300 4% 4% 4%
do pfd . 12%
West. Md. 40%
West. Union .... 100 68 68 67%
West. Elec. ....1300 73% 73 73
W. & L. E. 5
i _total saxes ror day. 291.ion shares.
_LOCAL SECURITIES
♦ Rate. Bid. Asked.
Ala. F. *. I.4 60 65
Anier. C. Rys., pfd-6 64 66
y»mer. C. Rys. 35 87
Arner. T. £ S. Bank.. I 170 180
Avondale Mills, com... l no 117
Avondale Mills, pfd.. 8 100 105
Bessemer C. & 1. 4 45 55
B'ham Baseball Asso.. 140 170
B’ham Realty Co. 4 168 175
B'ham T. & S. 3 850 258
Cham, of Com., pfd .. 1 74 80
Com. Bank &. T. Co.. 80 87
Corey Land .. 70 76
East Lake Land . 55 65
Elmwood Cem. Co. 4 87 95
Empire Imp., pfd.S 104 llo
Knslcy Land . 112 125
First National Bank ..12 258 268
Great Sou. Life . 10 13
Interstate Casualty .. 4 8
Interstate Fire. ♦ 7
Jeff. Co. S. Bank.10 158 162
Jefferson Fertilizer .. 8 130 135
L, J. & L., com. 45 60
L. , J. & L., pfd. 7 95 98
M. & M. Bank. 126 130
North B'ham Land .... 15 22
Protective Life . 10 13
Prov. Oil & Gas. I 4
Realty Tr. Co., com.... 8 no 125
Realty Tr. Co., pfd. ... 8 100 110
Sou. States Fire . 3 6
Traders Nat. Rank ... 9 155 170
BONUS
Rate. Bid. Asked.
Ala. Slate ref.. 1920... 4 35 100
Ala. State Renew.. 1356 344 .88 »2
Ala. State Rijr.ew., 1956 4 140 102
Ala. Slate Fair . 6 75 S3
Amei. c. Rys.5 S3 91
Bessemer C. & 1. 6 100 103
B. R„ I,. & P. 6 97 98
B. R., I* & p. 444 88 90
B'ham lee Factory .. « j00 106
B'ham R. & E.6 100 102
B'ham Waterworks ... 5 87 90
B’ham Waterworks... . 6 108 112
City of Birmingham .. 5 100 104
City of Birmingham .. 6 105 108
Continental Gin .5 102 10*
Country Club . 6 95 100
Jefferson County .... 5 lOJs 108
Jefferson County .... 6 105 110
Jefferson County .... 4 44 1 00. 102
Milner Band Co. 6 96 101
Nashville Rai'way .... 5 100 102
Pratt Consolidated ... 5 83 S8
Slos3 I. & S. 6 102 105
Sloss 1. & 8. 444 92 95
T. C. I., ge.,' mlg.5 100 102
T. C. I.. Tenn. Div.6 101 103
T. C. 1., Ship Bldg. ... 6 102 104
T. C, I.. B'ham Div. ... 6 100 102
T. C. i Cahaba Div.. 6 103 107
BARBECUE GIVEN
AT ALEXANDER CITY
Daughters of Confederacy
Entertain in Honor of
Veterans Thursday
Alexander City, August 29.—(Special.)
Under the auspices of the Sidney Lanier
chapter, United Daughters of the Con
federacy, a barbecue was given Thursday
at Alexander City in honor of the con
federate veterans of Camp Lee, the local
camp of the confederate veterans at
Alexander City.
There were many visiting veterans from
neighboring camps of Goodwaetr, Ilollins,
liineville, Dadeville and other points. A
similar occasion was held in honor of
these esteemed veterans only eight year®
ago here, and it was noticeable at yes
terday’s functions only 60 of the old
guard answered to the roll call, whereas
eight years ago 140 were present.
The weather was ideal and the long
tables loaded, and to those who were
present it was a day of great pleasure.
There were about 1000 or more people
present, and not one word of politics was
hinted at by any one present.
steers. J7.50®8.50; southern steers. *5.2347!
| 7.25; cows. *3.J0®6.5»; heifers, *4.50@9;
slockcrs, *5.25477.80; calves. *6®!*.
Sheep: Receipts, 7000; steady; 10c high
er; lambs, *7.40478.10; yearlings. *5®5.75;
wethers, *4.50@6: ewes, J4®;4.75.
St. Louis, August 29.—Cattle: Receipts,
1000, Including COO southerns: steady;
choice to firm steers, *8®9; good to choice
steers, *7.25578; dressed and butcher steers,
*5.50477.25: Stockers and feeders, *5.25477.75;
calves, *0@11; Texas steers, *8.25®'7.75;
Texas cows and heifers. *+.2547't>.50.
Hogs: Receipts, 6000; 6®26c higher; pigs
and lights, *5.50479.25; mixed and butch
ers. t8.85479.15; good heavy, *8.60479.
Sheep: Receipts, 1400; steady; muttons,
*3.25® 1.30; yearlings, *5f(ii; lambs, *5.30®,
8.10.
Louisville. August 29.—Cattle: Receipts,
200; market active; range. *2.50®8.25.
Hogs: Receipts, 2400; market, 10c low
er; active; range, *4.50479.25.
Sheep: Receipts. 200; firm; lambs, 7c
lower; sheep, 3V4c down.
Coffee Market
New York, August 29.—The appear
ance of warme* weather in Brazil, ab
sence of definite reports of damage
from recent low temperatures and eas
ier European markets were reflected by
a decline in coffee futures today. The
close was steady at a net loss of 15
to 18 points.
September. S.70c; October, 8.79c; De
cember. 8.99c; January, 9.08c; March,
9.27c; May, 9.39c; July, 9.48c,
Spot unsettled, No. T Rio. »‘4c: No.
4 Santos, 12®U284c; mild dull; Cordova,
134716c nominal.
The market will be closed until nexl
Tuesday.
Havre 1@1>* franca lower; Hamburg
14®?* pfg. lower; Rio 75 rels lower a:
5 sx 376; Santos 50 rets lower; 4s, 6 sx
600; 7s. 4 sx 900; Santos futures. 25
rels lower to 25 higher. Brazilian re
ceipts, 87,000 against 61.000 *ast year.
Jundiahy 65.000 against 51.600.
Naval Stores
Savannah, August 29.—Turpentine
firm, 39(8139*4,0; sales, 527; receipts, 14,
923; shipments. 230; stock. 42.0,'9. Rosin
firm; sales. 2968; receipts. 3469: ship
ments, 221; stock, 173,077. Quote: B
C. *4; E, *3.95® 4: P. G. H. *4; I, *4.05
®4.10: K, *4.10: M, *4.40; N, *5.10; 1VO
*6; \V\V, *0.25.
Cotton Seed Oil
New York, August 29.—Owln-c to the
firmness in lard and lighter crude of
ferings. the cotton seed oil market was
firmer today, closing 1 to 9 points net
higher. There was considerable rover
Ing in advance of the holiday and tend
;«rs of 300 barrels were well cared for.
•Prime summer yellow. S.20®'S.50c: .Sep
tember. 8.25c; October, 7.78c; Novem
ber, 6*4c; December, 6.83c; January,
6.82c; February, 8.84c: March nkid April
6 S.Vf IWlme- wj-*sr yellow and sum
•»l Ji .. ;<■ |
WHOLESALE TRADE
Snapper Scarce With Little
Prospect of More Sup
plies—Grain Quiet
Business on Morris avenue yesterday
was reported quiet. The demand was
slow in most lines and prices are un
changed.
Tn the fish market snapper Is still
conspicuous by its absence. The price
yesterday advanced to 11 >4 cents a
pound. There is little likelihood of any
considerable shipment being received
soon. Only one fishing vessel has
touched the whole gulf coast from New
Orleans to Charleston within the past
week. This ship came into port at
Pensacola and has sold Its entire cargo,
Birmingham dealers receiving a small
portion. This consignment will be on
the market today, but It is the only one
in sight.
1'IgKs continue firm with a rising ten
dency. The price yesterday advanced to
23 cents and the demand is unabated.
The supply of eggs is consistent.
No change was reported in the grain
market. Business in this line Is said to
be slow- and hot weather is assigned
as the cause. It is thought that after
September 1 business will begin \to
show more activity, although ihere is
no likelihood of a slump In corn and
wheat.
LOCAL QUOTATIONS
Pig Iron
IF ..
2F .<.' 11.00
3F . 10.60
Gray Forge . 10 00
IS . 11.60
2S . 11.00
Local Cotton
Strict good middling . 11%
Good middling . 11%
Strict middling . 11%
. Middling . 11%
Strict low middling ... luy*
'(Meat
Lard, 13%c: compound, ll%c; dry salt
short ribs, 13.75c; bellies, 14.75c; bain
butts, 15.60c; Boston butts, 16c; pork loins,
17Vje; spare ribs, 13c; breakfast bacon,
27#2Sc; Smoked bacon, 17c; regular bam,
19%c; skinned ham, 20%e. ^
Creamery Products
Country butter, 20@25c; fresh creamery
butter, 33c; cheese, 17c; imported Swiss
cheese, 31c; German brick cheese, 20c;
limburger cheAe, 19c; imported Roquefort,
35c; Neufchalel cheese, per dozen, 45c,
Pimento cheese, |1.35; process butter, 30o.
Fruits and Produce
Apples, Malden BlusVi, box, 1560;
California oranges, 16.00 box; limes, $1 per
100; Irish potatoes, SI. 10 per bushel; sweet
potatoes, Dooley, $2.75: onions, red globe,
2%e per pound; lettuce, Sl.5tHg2.50 per crate;
cucumbers, per crate, SI.75; cabbage, Vir
ginia, 2%c lb; nex Texas onions, crate.
11.50; beans. /■ per hamper, 0-2501.50;
peaches, S2.50O3 crate; squash, per ham*
per. $1@1.25; cantaloupes, $1.25®3.00; water,
melons, 15075c; peipers, per crate, $1.60®
2; lemons, box of 860. $5.6006; okra, $24j2.;0
hamper. Peats, per box, $3; Keefer pears,
per bbl., $2.75. Plums, $2. Malaga grapes,
$2. Celery, per dozen. 90c.
Fish and Sea Foods
Red snapper, llSjllVic, in bbl. lots; gray
snappers or groupers, 6c; Spanish mack
erel 12%®13c in bbl lots; pompano, 20c;
mixed fish. Sc in bbl. lots; urockers, 6%c
In bbl. lots; mullet. 6%c in bbls.; small
trout, 8%c; fresh water cat. dressed. 12%c; I
salt water cat. S%e: speckled trout, 12%c.
New Vork oysters. $1.90 per gal. Shrimp, I
10c lh.
Poultry and Eggs
Hens, per pound 13014c; fryers, 101
1% lbs. average, 20®21c; ducks, 13c lb.;l
guineas, 10c; roosters, 30c; geese, 40060c,1
CABLES STARTS
Pessimistic Crop Talk Lifts
Dec. and May—l-8c Net
Loss for September
Chicago, August 29.—Corn closed today
at a fair advance for the deferred op
ftons, but at a net loss of 'jC for Septem
ber. Pessimistic crop talk lifted Decem
ber and May, but heavy liquidation de
pressed September. At the finish tin.
range'was lower to VaVsC higher.
Wheat closed a shade to He net lower,
oats’ Vic to ,.’.c up. and provisions 21i'p'
Sc Jo ^25c higher.
Lower cables started corn on the down
grade. September being particularly weak
at a decline of *%c to *»c. Shorts, how
ever. began to cover early and the w hol-»
list rallied after a little further dip in
September. A report from Kansas that
the state's corn crop this year would make
only about 7,000,000 bushels as against 183,
000,000 bushels in 1912, brought an upward
trend that lasted through the session,
with only minor setbacks. Bullish Senti
ment was aided by an expert estimate
that the lowest forecasts for the crop iri
the entire T’nited States hithe to made
were substantially correct, it was also
pointed out that no improvement in
weather could now- help matters any.
September wheat led the other months,
suffering only 16c net loss on the day s
operations, against a loss of Vs&Uc fur
December and V4c for May. Strength was
given the near month by purchases of
1,000,000 bushels by a small group of pit
leaders and commission houses. The lowr
est of this year's prices for wheat were
recorded, easy cables being the chief
bear factor and this made buying attrac
tive.
Primary receipts today were 980,000
bushels last year. Seaboard clearances of
wTheat and flour equalled 652,000 bushels.
Elevator buying of oats lifted prices
after an irregular opening.
Buying of lard, attributed to leading
packers, helped the tone of provisions.
September pork led the advance with an
increase of 25c.
Future uuotalions were as follows:
Wheat— Open. HlghT Dow.- close.
Sept . 85as 8b 85:iv; 8i>i'*
Dec . 89’. 89 4. 89 89 r,
May . 93 T* 814b 83ai 83 *s
Corn—
Sept. "2 72 7b 7 I a, 73 1 *
Dee . 68'* 687* 8811 68 8*
May . 69aR 70>« 69', 89a*
Oats—
Sept . 46 40*b 461* 40 ",
Doe . 4 3 4 3 7>b 43 43.a,
May . 46 46 '« 45Tb 46]/2
Pork
Sept . 21.00 21.25 21.06 21.25
Jan . 19.55 19.60 19.5.3 19.60
Lard—
Sept .11.22'a 11.25 H.22‘,.2 11.25
Oct .1 1.25 11.35 11.25 11.35
Jan . 10.90. 10.95 10.90 10.92'/2
Ribs—
Sept .11.35 11.42’4 11.35 11.421,
Oct . 11.20 11.30 1 1.20, 11.25
Jan .10.3214 10.371* 10.32‘,4 10.35
Kansas City Grain
Kansas City, August 29.—Cash wheat:
No. 2 hard, 82V£0S6Vic; No. 2 led, 87*20
87sic. Cash corn: No. 2 mixed. 74Vzc; No.
2 white. 75075\ic. .C&eh uafca: No. 2 white,
413i042Vie; No. 2 mixed, 41 Vic. Wheat fu
tures: September closed 70%c; December,
85V4c. Corn futures: September, 74*40; De
cember, 70l4c.
St. Louis Grain
St. Loujs, August 29.—Cash wdieat: No.
2 red, 90Vic; >{o. 2 hard, 86089V£c. Cash
corn: No. 2, 74V4c; No. 2 white, 74Vi@75e.
Cash oats: No. 1. 41042c; No. 2 white, 42c.
Wheat futures: September, 87Vfcc; May, 95c.
Corn futures: September, 74Vic; May, 71%c.
Oats futures: September, 40%c; May,
46®»c.
Liverpool Grain
Liverpool, August 29.—Spot wheat easy;
No. 1 Manitoba, 7s Sd; No. 2, 7s 5Vid; No.
2, 7s 3d. Futures, easy; October, 7s 77*d;
December, 7s ®id; March, 7s Id. Spot corn,
firm; American mixed, new kiln dried, 6s
9%d; American mixed, old, 7s Vfed. Fu
tures steady; September, La Plata, 5s V4d;
October, La Plata, 5s 2%d.
St. Louis Produce
St. Louis, August 29.—Flour, dull. Hay,
strong. Iron cotton ties. 96c; bagging,
$11; hemp twine, 8c. Receipts: Flour, 14,
000; wheat, 129,000; corn, 82,000; oats, 117,WO.
Shipments: Flour: 13,000; Wheat, 40,000;
corn, 37,000; oats, 62,000. '*
New Orleans Rice Market
New Orleans, August 29.—Trading in the
local rice market was active today. Re
ceipts of rbugh, were good. Receipts:
Rough, 15,043; clean, none; millers, 1020.
Sales: Rough Honduras, 13,860 at 2.500
3.30c; no Japan; clean Honduras, 7438 at
Smfo’gC; Japan, 200 at 3 3-16c. Quotations:
Rough Honduras. 2.5003.30c; Japan, none;
I clean Honduras. 43406%c; Japan, 2?i@3V4c.
TALLADEGA BANKS
I
Flattering Reports Recently
Made to Comptroller
of Currency
Sylaeauga, August 29—(Special.)—A
summary of the statements of the last
reports made to the comptroller of the
currency from the hanks of Talladega
county show that there was on Individual
deposit at the .time In the different banks,
as taken front their published statements,
more than $1,600,000, while the same state
ments show that their resources are more
than $2,600,000.
The sixth annual session of the Wom
an's Missionary union of the Coosa River
Baptist association will be held with the
Chlldersburg Baptist church on Septem
ber 11 and 12. An interesting programme
has been prepared and a good attendance
Is looked forward to.
live turkeys. 15c; fresh eggs, case, candled,
2Se; extra grade J candled eggs, 28c.
Coffee and Sugar
Arbuckle coffee, 21.S0c; Luzanne. 23c per
[ turkeys, loc; fresh eggs. case, candled. 21c;
per pound.
Flour and Bread,stuffs
gelf rising flour, $5.6u; Tennessee flour,
$5; Oklahoma flour, $5; pure wheat
shorts, $85; pure wheat bran, $30; g.
hulls per ton, $!t>. prime <7. fct meal, per
I ion, $35; C. S. feed meal, per ton. $30;
j No. 1 timothy hay. per ton. $23: mixed
alfalfa and Johnson grass, per ton, $2";
I alfalfa hay, per ton, $24; Johnson grass,
! per ton. $16: mixed feed. $34: oa*s. GOc
j bu.; corn. $1.06; corn meal, $1.95 per 96 lb.
sack.
TRACING IN COTTON
MARKET UNSETTLED
Fresh Buying on Long Ac
count Restricted by Ap
proach of Holidays
New York. August 29.—The cotton mar
ket was unsettled by heavy realizing dur
ing today's trading. With American fu
tures markets dosed from tonight until
next Tuesday morning, and with tlie gov
ernment's September condition figures
due at noon on that day, the disposition
to take profits on recent purchases was
not considered unnatural, and bullishly
disposed traders claimed that fresh buy
ing for long account was restricted to
some extent by the approaching holidays.
Offerings were well enough taken by hull
support and covering to give the market
a steady undertone at a decline of 13 to
IS points from the closing figures of last
night, however, and the final tone was
steady at a net loss of 11 to 15 points.
There was little or no change in the
general character of the news. Weather
advices indicated less immediate pros
pect for showers in the southwest than
yesterday, and while the forecast was for
cooler weather, temperatures were high
again today. Further scattering reports
of deterioration were received from the
southwest and from some points in the
eastern belt also, while private mmjl
tion reports were about in line with re
cent figures. Of two such reports pub
lished one made the condition 69.9 against
81.$ Inst month, while the other placed
it at 71.4 against 81.1 last month. Private
reports so far issued have pointed to a
crop deterioration of about 10 per cent
or to a government condition of around
69 to 7o per cent next Tuesday. Liverpool
reported a good spot demand, but futures
there were disappointing and the local
market opened steady at a decline of 13
points on August and of 4 to 5 points on
new crop months. There was very little
trading in August, which went out quiet
ly at midday, while new crop positions
sold off under realizing by old longs and
scattering selling for a reaction which
may have been inspired by the increasing
into-sight movement and predictions that
a low September bureau had been dis
counted.
Bonds
l\ S. ret'. 2s, registered . 98
U. S. ref. 2s. coupon . 98
.IT. 8. 3s, registered . 102
IT. 8. 3s, coupon . 102
15. S. 4 s, registered . 110%
U. 8. 4s, coupon . 110%
Central of Georgia os . 103%
Illinois, Central 1st ref. 4s .... 91
Louisville & Nashville un. 4s ... . 93
Seaboard Air Line adj. 5s .... 75%
Southern Railway gen. 4s . 75%
Southern Railway 5s . 103Va
Port Cotton Movement
Galveston: Steady; middling. 12%c; net
receipts.20,867; gross receipts, 20,367; sales,
1780; stock, 97,205; exports to Great
Britain, 9418.
New Orleans; Steady; middling. 12 5-16C;
net receipts, 403; gross receipts, 643; sales,
2468; stock. 17,321.
Mobile: Steady; middling, 12c; net re
ceipts. 426; gross receipts, 436; sales, 250;
stock, 2782: exports coastwise, 5736.
Savannah: Firm: middling, 12..c; net
receipts, 3913; gross receipts. 3913; sales,
2191; stock, 23,703; exports coastwise. 5736.
Charleston: Nominal; net receipts, 5' ;
gross receipts, 50; stock. 3033.
Wilmington: Nominal; stock, 4744.
Norfolk: Steady; middling, 12%c; nfci
receipts, 16; gross receipts. 16; sales. 27;
stock. 5568; exports to Great Britain, 475.
Baltimore: Nominal; middling. 12c; net
receipts, 182; gross receipts, 182; stock,
1987; exports U> Great Britain, 909.
New York: Quiet; middling. 12.60c;
gross receipts, 3436; sales, 2600; stock, 24,
995; exports coastwise, 1894.
Boston: Quiet: middling, 12.50c; gross
receipts, 630; stock, 4207.
Philadelphia: Steady; middling, 12.75c;
gross receipts, 585; sfbek, 675.
Texas City: Stock. 385; exports to Mex
ico, 730.
Brunswick: Gross receipts, 160; sales,
150; stock, 5377.
Jacksonville: Stock, 380.
Aransas Pass: Net receipts, 10,092;
gross receipts, 10,09^ stock, 17,723; exports
coastwise, 200.
Total today, at all ports: Net, 35,609;
exports to Great Britain, 10,497; to con
tinent, 39,640; to Mexico, 730; stock. 710,086.
Consolidated, at all ports: Net, 136,115;
exports to Great Britain, <£0,384; to France,
7889; to continent, 39,640; to Japan, 400; to
Mexico, 1230.
Total since September 1, at all ports:
Net, 10,045,018; exports to Great Britain,
3.531,716: to France. 972.258; to continent,
3,663,107; to Japan, 385,357; to Mexico, 18,
373.
Interior Cotton Movement
Houston: Steady; middling, 12Vic; net
receipts, 17,458; gross receipts, 17,458;
shipments, 17,482; sales, 7644 ;. stock,
33,032.
Augusta: Steady; middling, 12Vic; net
receipts, 170; gross receipts. 570; ship
ments, 572; sales. 161; stock, 5861.
Memphis: Steady; middling, 12%c: net
receipts, 18; gross receipts, 29; ship
ments. 11; sales, 350; stock, 11,104.
St. Louis: Steady; middling. .12Vic;
gross receipts, 720; shipments, 7 45;
stock. 6252.
Cincinnati: Net receipts. 231; gross
receipts, 231; shipments, 1571; stock,
21.753.
Little Rock: Quiet; middling. 11H4c;
net receipts, 5; gross receipts, 6; ship
ments, GO; stock, 5262.
Louisville*: Firm; middling, 12Vje; net
receipts. 63; gross receipts, 63; ship
ments. 25; sales, 98.
Greenville: Steady; middling, 12»4c.
Total today: Not receipts, 17,945;
gross receipts, 19.085; shipments, 20,
4 36; sales, 8256; stock. 83,269.
Weekly Cotton Statement
New York, August 29.—The following
statistics an the movement of cotton
for the Week ending Friday, August 29,
were compiled by the New York cot
ton exchange:
WEEKLY MOVEMENT.
This Year.
Port receipts . 185.96.>
Overland to mills and Canada 3,974
Southern mill takings (Esti
mated) .. 40,00?
I.kiss of stock at Interior
towns . 4,817
Brought into sight thus far
for the week . 175,122
TOTAL CHOP MOVEMENT.
This year.
Port receipts .>.10,050.054
Overland to mills and Canada i,018,013
Southern mill takings (Esti
mated* . 2.830,000
.Stock at interior towns in ex
cess of September 1 .* 14.126
Brought into sight for the
season . i 3,912,1 93
Add $2 M bales to receipts for season.
C * c Statement
New u« ' ’. Comparative cot
l"h vt k ending August
29:
Net «, ted States ports
tiurlrif- - . i. • receipts at all
i nit'** 5 i •'. < week last year,
119.124. ^ i - -j.ee September 1,
10,045.f • same date last
>*ar. ' . ji* the week. 58,
1543: * - last year. 73,
j 4**9: ti y c September 1, 8,
I ill.1'5* .1 -;?•*.%■■■'■' 5 date last year,
t*« ■ #1 ■ t*‘d States ports,
210,'*8d, h. t te<i States port*
same ib 2m OfA, stock at all
intern vp t *5$* ‘k at all Interior
to win f. vv. \ j 19,345. stock at
REV.J1 FRENCH D.D:
RESIGNS AT EUFAULA
Wife’s Health Will Not Per
mit Minister to
Remain
Kufaula, August 29.—(Special.)—The
Rev, J. A. French, l>. D.. pastor of the
First Baptist church, has notiiied his
congregation that he. will resign be
tween now anil December 15, intimating
that Ids wife's poor health js the cause
of his leaving his local charge. Dr,
and Mrs. French are spending the
month at their home in Virginia, where
Mrs. French has been critically ill. Dr.
French has been pastor here for about
live years, coming here from Austin,
Tex. *
Practically every hale of cotton be
ing brought into Kufaula is not. the
standard size, made necessary by the
new steamship regulations and it looks
as if the penalties that will have to
be pald^diy the farmer will run into
a big total. The many shippers rep
resented here are lookng forward to .1
great deaj of trouble In carrying out
tlie steamship lines' orders, claiming
ilmt extra help will be needed to look
over every bale that goes through their
hands. About 70,000 bales are handled
through the local compress every year.
So fast is the attendance outgrowing1
the accommodations that a large public
school building is receiving the seriou*
consideration of the board of education
anil the city council.
Liverpool, 513,000; stock at Liverpool samf
time last year, MOo.OOO; stock of American
a boat for Great Britain same time last
year, 4-\<XH).
Weekly Interior Cotton Towns
New York, August 29.—Following is the
weekly inteilor cotton towns report:
Albany: Receipts, 1478: shipments, 1341!
stock, 96.
Athens: Shipments, 290; stock, 527.
Atlanta: Receipts, 19; shipments, 400;
stock, 289.
Charlotte: Steady; middling. i2c; re
ceipts. 74; shipments. 74.
Columbia: Receipts. 728; shipments, 2527;
stock, 6009.
Columbus. Ga.: Quiet; middling. ll7#c;
receipts. 1254; shipments, 850; sales, 850;
stock, 4041.
Dallas: Receipts, 1138; shipments, 125;
stock, 2738.
Eufkula: Receipts, 292; shipments, 137;
stock, 1007.
Greenville: Receipts, 28; shipments, 250;
slock, 99.
Greenwood. S. C.: Stock. 406.
Helena: Stock. 102.
Little Rock: Quiet; middling. U\c: re
ceipts. 20; shipments, 836; stock, 5262.,
Macon: Receipts, 22; shipments, 428;
stock. 740.
Meridian: Receipts, 146; shipments, 353;
stock, 1574.
Montgomery : Receipts, 1934; shipments,
1807; stock, 3820.
/Nashville: Middling, llUc; shipments,
t; stock. 53.
Newberry; Receipts. 234; shipments, 234.
Raleigh: Middling, ll^c; receipts, 17;
shipments, 35; stock, 19.
Rome: Receipts, S3; shipments. 1823;
stock, 1759.
Selma.: Receipts. 1720; shipments. 957;
stock, 1531.
Shreveport: Steady; middling, lt%c; re
ceipts, 182; shipments. 48; stock, 1048.
Vicksburg: Stock, 345.
Yazoo City: Receipts, 39; shipments,
17; stock, 1908.
Cotton Receipts
New Pork, August 29.—The following are
the total net receipts of cotton at all ports
since September 1: Galveston, 3,990,181;
New Orleans, 1.436,944; Mobile. 228,080; Sa
vannah, 1.303,451; Charleston, 310,021; Nor
folk, 559,097; Baltimore. 78,969; New York,
15,326; Boston, 46,222; Newport News, 114,
491; Philadelphia. 5180; San Francisco, 263.
137: Brunswick, 240,079: Pensacola, 124,400;
Portland, 3981; Port Arthur and Sabine
Pass, 139.041; Jacksonville, 15.881: Texas
City, 666,671; Goorgetown, 110; Lareda, 11,•
464; Seattle, 34,536; Tacoma. 68,843; Aransas
Pass. 46,850; minor ports, 3062; total, 10,
045,018 bales.
Liverpool Cotton Market
Liverpool. August 29.—Cotton: Spot
moderate transactions; firm. Middling
fair, 7.G0d; good middling. 7.32d; mid
tiling, 7.00d; low middling. 6.80d; good
ordinary, 6.24d; ordinary, 5.90d. Sales,
10,000, including 5600 American, anti
600 were fot; export and speculation.
Receipts, 3000. including 2900 Ameri
can. Futures closed barely steady: Au
gust, 6.73d; August-September, 6.65d;
September-October. 6.56d; Oetober-No
vember, 6.52Vcd; November-1 >ecember,
6.48d: December-,January, 6.48d; 'Janu
ary-February, 6.48^d; February-March,
6.50d: March-April. 6.51 d; April-May,
6.52d; May-June, 6,52Vid; June-July,
6.old; July-August, 6.49d.
Dry (ioods
New York, August 29.—Cotton goods
values in the dry goods trade pointed
upward today. Manufacturers were not
disposed to accept contracts except at
advance of V» a yard.
A lot of business was declined again
because mill agents had been ordered
not to take choice orders except at the
enhancements.
There was more business for China
done, but it was chiefly on special
branches of merchandise.
The volume was'eomparatively small.
Staple men's wears was in good demand
for spring. The demand for silks and
ribbons for the next spring season Is
broadening out.
Hubbard Bros. & Co.’s Letter
New' York, August 29.—(Special.)
Today’s market was very nervous and
erratic at a somewhat lower level of
prices representing fn large measure
evening up before the holiday.
Business was on a much smaller
scale and there was little disposition
to take on fresh commitments before
the holiday which will immediately be
followed by the government report* on
the. condition of the crop as of August
25.
In the early trading Liverpool was
a good seller in this market, the sales
probably representing transactions
against offers of cotton on the advance
from the south.
The Journal of Commerce condition
estimate of 71.4 was about In line With |
expectations and showed the same de-'l
terioration which lias been current in ,
reeent private condition estimates.
There was no change in weather con- j
ditions south save that it was some- '
what cooler in Texas. Reports of de- i
terioration are also coming to hand in
some volume from western Arkansas i
and from Alabama. As yet spinners
are not apparently impressed with the
falling off In the crop outlook as they
have ao far been only moderate buyers.
Much will depend of course upon the
view which they take and which is
taken in Nurope of the coming condi
tion' estimate from the government.
We are inclined to the view that there
is considerable cotton to be covered
by our domestic mills.
Montgomery Market*
Montgomery. August 3*.— (Special.)—Spot
cotton was quoted in Montgomery today
as follows: Low middling, 10*»c; strict
low middling, 11V: middling. ll7»c; strict
middling, 12c , good middling, 12',c.
DECK OF 11 TO 14
POINTS IN COHON
Yesterday Day of Nervous
Fluctuations in Cot
I
ton Market
i % 'n
—
New Orleans. August 29.—It was a
•Jay of nervous fluctuations in the cot
ton market. With triple holiday fol
lowing the close and the important
September condition report following
on tlie heels of the holidays where was
a general desire among longs to take
their profits. Selling from this source
caused many downward turns during
the day. On the other hand the crop
news from the west was as unfavora
ble as ever, many telegrams from Tex
as and Oklahoma claiming that the
• rop was burning up under heat and
drouth, the forecast held out no hope
°f rain for the western half of the
cotton region and many bullish private
reports on condition were afloat, some
of them putting tlie falling off for the
month of August at as much as 12
points.
The market opened steady at a de
cline of 9 to 10 points on very poor
cables arid heavy offerings from the
long side. After the call the market
stood 10 to II points down, but fresh
buying for long account came In, based
on the dry weather in the west, and
prices recovered to within 6 to 7 points
of yesterday’s close. Around the middle
of the morning liquidation by longs wan
very heavy and the market went to it*
lowest levels 1*1 to 20 points under yes
terday's close. This was followed by a
fresh recovery, prices this time work
ing up to within 5 to 8 points of yes
terday's final figures but at noon there
was another easy spot. The afternoon
saw more of these fluctuations, the mar
ket Anally closing at a net decline of
It to 14 points.
New Orleans Cotton Futures
OpenT->flgli~Low." cf b8T
August . 12.50 . 77777 77777
September ... 12.34 .. ’ 12.23
October . 12.28 1 2.31 1 2.1 8 I 2.2 t
December ... 12.29 12.33 1 ’.21 12.26
January . 12.30 12.36 12.24 12.29
March . 12.41 12.45 12,35 12.39
May . ..12.51 12.51 12.43 12.4*
New Orleans. August 29.—Spot cot
ton^ steady. '*c higher; middling,
12 5-16c; .sales, spot, 1317 hales; 37 to
arrive; low* ordinary. 8 15-16c nominal;
ordinary, 9\c nominal; good ordinary,
lla*e; strict good ordinary, 11 *c; low
middling. ll-,c; strict low' middling.
12>*e; middling, 12 5- 16c; strict mid
dling, 12&ho; good middling, lj 13-16c;
strict good middling. 13c; middling fair
13 7-l6c nominal; middling fair to fair,
13. 13-16c nominal; fair. 14 3-16c nom
inal. receipts, 403; stock. 17,321.
Weekly Cotton'Review
New Orleans. August 29.-- The cotton
market closed this week at a net. ad<
vane* of 61 to 63 points over last, week s
close. It was a weather market nearly
all the time. The high price* were
made on Thursday and the low prices
on Monday. At the highest the trad
Ing months were 76 to 79 points over
last week's close; at the lowest they
were 17 tof20 over. The range was 56
to 62 points.
The drouth in Texas and Okla
homa was the main feature. Very lit
j tie rain fell in cither state and tills
! week was the eighth of unsatisfactory
[ wreather in that portion of the cotton
I region. Many reports of serious de
j terioration came in and were supple
mented by small crop estimates. Crop
accounts from Geoi^Ia and the Caro
llnas were flattering, but they did not
offset the reports from the west.
The unfavorable crop new's sthnu
j lated buying for both accounts .and at
the end of the week it was generally
I accepted that the short interest had
grown. Hulls would not admft, huw
over. that the market was overbought.
The pending conditions report at
tracted much attention ami after th*
middle of the week bullish private es
timates of the figures to come from
| the government next Tuesday Inten
sified the effect of poor crop news. Some
of these private condition l eports
jplaced the falling off in condition dur
ing this 11109th as high as 12 points.
The average of opinion, however, was
that the crop, as a whole, had lost about.
10 points.
In in the spot department prices
gained one1 quarter ol a cent, middling
being quoted on the close at 12 1>-I6c
aganlst 12 l-16c last week and 11 3-16c
this week last year. Sales on the spot
amounted to 762 hales against 542 las^
week and 366 this week last year. Sales
to arrive amounted to 587 bales against
254 last week ami 45 this week last
year.
World's Visible Supply
New Orleans, August 29.—Secretary Hes
ter's statement of the war Id's visible sup
ply of cotton made up from special cable
and telegraphic advices, compares the fig
ures of this week with last week, last
year and the year before. It shows a de
crease for the week Just closed of 11,717.
against an increase of 17,690 last year
and a decrease of 9JJ25 yea!* before last.
The total visible is 2,096,183, against 2,
066.900 last week, 2.118,189 last year and
1.600,238 year before last. Of this the total
of American cotton is 1,000,183. against
978.900 las^ week. 1.342,139 last year and
8:lr.238 year before last, and of all other
kinds. Including Egypt, Brazil. India, etc.,
1.005.000. against 1,088.000 last week, 776,<)06
last year and 771,000 year before last.
The total world's visible supply of cot
ton as above shows a decrease compared
with last week of 11,717. a decrease com
pared with last year of 63,006 and an in
crease compared with year before last of
I 454,945.
Of the world's visible supply of cirtton
as above there is now afloat and held
In (* eat Britain arid continental Europe
1.080.000, against 1,261,000 last year and
880,000 year before last; in Egypt, 60,000.
against 32,C00 last year and 42,000 year be
fore. last; in India. 610,000, against 460.000
lastly ear and 422,000 year before last; and
in the United ^States 300,000, against 365,000
last j'ear and 266,000 year before last. ,
BIG INCREASE IN
ASSESSMENT NOTED
Chattanooga, August 29.—(Special.)—'Tba
new tax assessments in this county will
bring revenue on six and one-half mort
miles of railway than was the case last
year. In 1912 the total assessment was
on 165,257 miles, of which 43,147 miles was
h the city. This year the assessment
wih be made on slightly more than III
miles. The total valuation of the railway
property last year, according to the as
sessment. was f>,413.034. The total this
yeas will reach at least $5,7u0,000. The
construction of the new electric lines of
the Chattanooga Railways and Light
company is largely responsible for the
big increase which is noted.
GOODE CHARGED
WITH KILLING WIFE
•Marshfield. Mo,, August 29.—A warrant
charging Ed Goode, a rested yesterday in
Pawnee. Okla.. with the murder of hi*
wife. Sftllna. hern two weeks ago. wag
issued today. Phoebe Besry, Goode’s
step-daughter, is held as a witness.
GocWe’s arest was made after Coroner
Bruce reported finding poison in Ata*
Goode's viscera.