The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, April 04, 1914, Image 15

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The Birmingham age-herald. [volume], April 04, 1914, Image 15
About The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950

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The Birmingham age-herald. [volume] (Birmingham, Ala.), 04 April 1914. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn85038485/1914-04-04/ed-1/seq-15/>

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TRADING DRAGS ON
IN SPIRITLESS WAY
Weakness of Few Stocks
Holds Whole Market
in Check
New York, April 3.—The last traces
of the bullish spirit which propelled
the market upward earlier in the week
seemed to have oozed away today.
Trading dragged on in a spiritless way,
with an under current of heaviness.
^ At no time was the list under pro
nounced pressure, although in isolated
instances prices gave way sharply.
Weakness of a few stocks held the
whole market in check. Missouri Pa
cific slumped on the announcement that
negotiations for acquisition of the oth
er Gould roads by Rockefeller inter
ests had been abandoned. Canadian Pa
cific was heavy, responding to for
eign selling. London offered that stock
rather freely but otherwise did little
here. Progress of reorganization plans
for Rock Island and Wabash was re
flected by the movement of these se
curities New low records were made
by Rock Island common at 3%, pre
ferred at 5%. and collateral 4s at 34%.
f* Wabash 4s continued their recent rise
for a time, advancing 1% to 58%, a
4-point gain for the week. Later tttey
sold off to 55% and closed with ofely
a fractional recovery.
Various estimates were made of
United States Steel’s unfilled tonnage
report to be filed next week, but all
of the forecasts agreed in predicting a
sharp contraction.
A decrease of 200.000 to 400.000 was
thought possible. The outlook for
April is regarded as doubtful. New bus
' inees during the last 10 days was re
ported slightly better. Some sales of
copper metal at 14%c an advance of
%. were reported here.
Increased cash holdings were an in
dicated change of known currency
movements for the wreek. Estimates of
the cash gain in the bank statement
about $4.5000.000. Aside from the move
ments in Rock Island and Wabash bond
issues, fluctuations were not wide.
' Changes were Irregular. Total sales,
$3,010,000. United States bonds un
changed on call.
» Bonds
U. S. ref. 2s, registered . 98%
l'. S. ref. 2s, coupon . 98%
U. S. 8s, registered . 101%
V . S. Gs, coupon . 101%
17. S. 4s, registered . 111%
U. S. 4s, coupon . 112
Central of Georgia us. 104
Illinois Central 1st ref. 4s . 98%
Louisville & Nashville un. 4s .... 95%
• Seaboard Air Line adj. us . 76%
Southern Railway 5s . 105%
Southern Railway gen. 4s . 74%
Treasury Statement
Washington, April 3.—The condition of
the United States treasury at the begin
ning oC business today was: Net balance
in general fund, $87,888,480. Total receipts
yesterday. $_\050,978. Total payments yes
terday. $925,323. The deficit this fiscal year
is $29,238,384. against a surplus of $10,057 -
457 last year, exclusive of Panama canal
l" and public debt transactions.
New York Money
New York. April 3.—Money on call
steady. 1%@2 per cent; ruling rate, 1%
per cent; closing bid. 1%®1% per cent.
Time loans weak; 60 days. 2%®2% pt r
cent; 90 days, 2% per cent; six months, 3
per cent.
Prime mercantile paper, 3%®4 per cent.
Sterling exchange steady; 60 days, $4.84.90;
demand, $4.80.45. Commercial bills. $4.84%,
Par silver, 58%c; Mexican dollars, 45%c.
Government bonds steady. Railroad
bonds irregular.
Foreign Exchange
1'erlin. April 3.—Exchange on London^
26 marks, 44 pfennigs. Money, 2% per eenC*
r»fvato discount. 2% pc: cent.
Paris, April 8. Rentes 86 francs. 72%
centimes. B7\ hairjc on London, *25
francs. 18 rdim* ■ . Private discount, 2%
p*»r cent.
m ——— — .
!.r; d'o Mcrket
London. April The stock market was
quieter, owing to the week end covering.
The coopers reacted under realizing, but
tin; oil shares. Kaffirs and Japanese j
bonds vve » steady. The securities of
Americans open, d steady and higher.
Subsequent!> th li* ! ragged from lack of
support. Th. (da*, wait easy.
('«.ivrls f r u: i« y. f for account.
in1/}-. Brr s 1 cv, steady, .id; monep 1%
j . i i-crt • o bills. 1% per cent; three
n orit v ! v*. ‘.''•“■“a per cent.
*•**■■»I Market
j Nw Y ‘ pril 8. Lead quiet; $3.75®
3.85 !. no n. £]o 5s. Spelter quiet. $5.25®
• 5.3 ). ; oi don, £21 10s. Copper. $14.35,
linn; c i t l.vdyUc, $16; < fcsting, $14.37®14.60.
Tin cjuict: .spot, $37.29®37.50; June, $37.40®
37.55. Iron quiet and unchanged. Lon
don copper quiet; spot, £65 17s 6d; tu
tu res. £6G :s 61. Tin. spot steady; spot,
£169 19s; f’ ti.re.-, £171 lOs^ Iron, Cleve
land wtU'iaKi, 51s 3d.
Cjffqe Market
Now York. April 3.—Easier European
cables, continued larger Brazilian re
celpts .'lid reports of slightly lower
M »out and fraught qlXers, inspired some
scattered selling In Coffee today. After
opening 8 to 5 points lower, prices
rallied slightly but soon cased off again
and closed aUiII. 8 to 10 points net lotf -
er. Sales, 21,000. April. 8.64c; May, 8.72c;
July, 8.S9c; September, 9.07c; October,
9.14c: Deco'rabei*. 9.30c; January, 9.33c;
March 9.4». Spot dull; Rio 7's, 9c; San*
tos 4*». J,1 %c. Mild dull; Cordova, 12%
® 16 %c uotninal.
Havrc/unchanged to % franc lower.
Hambunt L pfennig lower. Rio un
changed? Brazilian receipts, 16.000;
Jundiahy. 8000. Rio exchanged 1.32d
higher, ."antos cable reported 4’s un
i hanged. Sno Paulo Receipts, 13.000;
futures unchanged to 25 lower.
Wool Market
' Bcalon, April 2.—Larger supplies or
lower prices for the wools on hand in
Boston this week would undoubtedly
have made for a larger business, but
prices have been very firmly main
tained on the business actually done,
v hich has been principally in medium
and fine foreign cross breds and some
fine Australians. Contracting in the
west has been rather intermittent, but
. some wool has been taken and for the
best fine medium Montana clips as high
as 19c has been paid.
Missouri: Three-eights, quarter blood,
22<g£221/2c; braid, 19@£0c.
Kentucky and similar: Half, three
eighths# blood unwashed, 23@24c; quar
ter blood. 22*£c.
Scoured basis, Texas: Fine, 12
months, 55®<56c; fine 6 to 8-months,
49fr50c; fine fall, 4345c.
Live Stock Market
Chicago. April 3.—Hogs: Receipts, 10,
(itu; market strong. Bulk of sales. 38.80®
8.85: light. 38.70®€.90; mixed. 3S.60®3.90;
heavy, 38.4o®8.83; rough. 38.46@8.So; pigs,
J7.ro®8.75.
Cattle: Receipts, 1000; market slow,
y Beeves. 3'>.90®7.90; T/exas steers. 37.20®
Hubbard Bros. & Co.
Cotton Merchant., Hanover Man re. IV,
Y. Members New York Cotton Ex- i
change, New Orleans Cotton Exchange,
New York Produce Exchange. Asso- '
elate Members Liverpool Cotton Asso- 1
rtatlon Orders solicited for the pur
chase snd sale of Cotton ana Cotton i
Seed Oil for future delivery. Spaalal i
attention and liberal terms given for ,
consignments of spot cotton for da- 1
livery. Correspondence Invited. I
_THE CLOSING STOCK LIST
__ ‘-’OIC51. IU.KM. UllW. V ilisr.
Amal. Cop. 10400 77 % 76% ?T%
Amer. Cities. ::6
do pfd. . .' ' 64%
Amer. Agrl. 400 57 57 5 6%
Amer. B. S. . 200 211 23 22 %
Amer. Can .1400 30 29% 29%
do pfd. 9144
Amer. C. & F... 600 51 50 % 50%
Amer. Cot. Oil. 43%
Amer. I. 8. 300 30% 30% 30%
Amer. Linseed. 10%
Amer. Loco. 100 34 34 34
Amer Smelt. &
Refining . 400 6~9 % 68% 68%
do pfd.102
Amer. s. R.200 100% 100% 100
Amer. T. & T. .. 400 122 % 122% 122
Amer. Tob. 100 234 234 2314
Ana. Min. Co. ...lloo 35% 35% 35%
Atchison. 100 96% 96% 96%
do pfd . 200 100 % 100% 100
Atlantic C. L..122'
Balt. & Ohio ... 3200 90% 95% mu,
Beth. Steel . 400 41% 411.',*' 41
Brook. R. T.3100 93% 92% 92
• an Pacific . 500 208% 206% 206 %
Cent. Leather ... 500 35% 35% 35%
Ches. * Ohio ... 700 53^, 53% 53%
Chi. G. W. ,.
Chi., MU. & .
St. Paul .1400 1007t»ino% 100%
Clll. ,8 N. IV. 200 133 % 43% 133%
Col. F. & 1 . 500 32% 31% 31%
Consol. Gas . 100 137 % 133% 132%
Corn prod.1600 S% s% 8%
Del. & Hud.100 149% 149% 149
Den. & R. G. 13
do pfd. 23%
Distil. Sec nr. ... 300 18% 18% ig%
Eric .2500 30% 29% 29%
do 1st pfd - 300 46% 16 45%
do 3d pfd. 200 37% 37% 36%
Gen. Fleet.146
Gt. Nor. pfd -1400 127 % 126% 126%
Gt. Nor. O. ctfs. . 200 36 35% 36%
Illinois Cent. 100 110% 110% 111
Interne Met.1800 15% 15% 15%
do pfd .6300 62', 61 % 6 1
Inter. Harv. 600 104 % 104 1114
Inter-Marine
Pfd. 10
Inter. Paper.
Inter. Pump.* <534
K c Son.! 25%
Laclede (jas . .. 9
_ sales. High. Low. close.
Lehigh Val. .1600-145 143% 144
Louis. & Nash. .. 300 137 % 137% 136•%
Minn . St. P. &
Sault Ste. M. .. ion 126% 126% 125
Mo, K. A- T. 300 18% 18% IS
Mo. Pacific.11300 25% 25% 25%
Nat l Biscuit.130%
Natl Lead .. 46%
Nat. Kys. of M.
2d Pfd. 11%
N. Y. Cent.5800 90% 89% 89%
N. Y O. & w. 27
Nor. West. ... 100 103% 103% 103%
Nor. Atner. efe 200 76% 76% 76%
Nor Pacific . W2000 114% 113% 113%
Pacific Mail.> .. 25
Penn.1100 lll% 110% 110%
Peoples Has.123%
Pills., C„ C, & »
St. Louis’.... 200 80 79% 79
Plus. Coal. 400 21 % 21 20%
Pressed S. C. ... 300 43% 43% 43%
Pull. Pal. Car ... 200 155 155 154
Reading' .5700 166% 165 165
Rep. I. & S.. 700 24 23% 23%
do pfd . 100 87% 87% 86
Rock 1. Co... 2400 4 % 3% 3%
do pfd ...3500 6% 8% 6%
St. I,. & San P..
2d pfd . 100 6% 6% 8%
Seaboard A. L. .. 500 20% 20 20 %
do pfd . . . ... 700 55 % 55 55 %
Sloss-Sheff. a
& Iron. 30
Sou. Pacific .... 600 95 % 94% 94%
Sou. Railway.... 500 26 % 26 25%
do pfd . 400 81 80 80%
Tenn. Cop. 300 35% 35 34 %
Tex. & Pacific. 16%
Unidn Pacific ..12600 160 % 159% 159%
do pfd . 200 83% 83 % 82%
U. S. Really .... 300 63 63 62 %
C. S. Rubber .....’600 6:.’% 61% 61%
I'. S Steel . 25300 63% 63 63 %
do -pfd . 600 1 10 % 110% 110 %
Utah Cop.2600 57% 5<T% 56%
V. -C. Chem. 400 31 % 31% 31%
Wabash .. 1 %
do pfd .-. 5%
West. Md. 29%
West. Union .... 600 63 62% 62%
West'll. Elec. ...1000 75 % 74% 74%
W. & I,. E. 200 4 % 4% 4%
Chino Cop. 3200 42 % 41*« 41*,
New Haven .1800 69*4 69% 69%
Ray Con. Cop. . 6500 22 % 22% 22%
Total sales for the clay. 195,400 sharps.
_ LOCAL SECURITIES
Onto R i a A [.UoM l>„ . .. t>i ,1 4 i
Ala. F. & 1. 4" 49 SR
Amer. C. Rys., pfd. ... 6 60 63
Amer. C. Rys. 35 37
Amer. Tr. A Sav. n. . S 155 166
Avondale Mills, com.. 8 100 116
Avondale Mills, pfd.. 8 100 103
Bessemer C. & 1. 46 50
B’ham T. & S. 8 250 260
B’tanm Baseball Asso.. 140 170
B ham Realty Co.4 150 170
Cham, of Com. pfd ... 7 70 80
Com. Bank & T. Co. . 99 105
Corey I.and. 65 75
East Lake Land. . 60 75
Elmwood Com. Co. 4 80 90
Empire Imp., pfd .... 8 105 108
Emp're Imp. com. 6 70 85
Lesley Land . 100 110
First Nat'l Bank .12 250 260
Creat. Sou. Life . 10 13
Interstate Casutlay .. 2 5
left. Co. S. Bank _10 160 165
Jefferson Fertilizer ... 8 106 120
M. & M. Bank . 6 125 135
Mortal B'ham Land ... 15 22
Protective Life . 10 IS
Realty Tr. Co., com. . 5 100 110
Realty Tr. Co., pfd. .. S 100 110
lot.. States Fire . • 2 5
Traders Nat. Bank . . 9 150 165
Ala. State ref. 1920 . . 4 97 100
Ala. State Renew, 1956 3tt 88 90
Ala. State Renew, 1956 4 99 301
Ala. State Fair . 6 75
Arner. C. Rya. 5 90 92
Ala. Cons. 5 76 80
Bessemer C. & 1.6 102 106
B. E., Ln & P. 6 98 101
B. R., L. & P.4 Mi 89 91
B'ham Ice Factory .. 6 100 106
B'liam R. @ E.6 100 103
B’hr-.m Waterworks .. 6 102 107
City of Birmingham ..5 100 104
City of Birmingham .. 6 105 108
Continental Gin . 5 100 105
Jefferson County. 6 101 3 04
Jefferson County . 6 106 110
Jefferson County . 4V4 98 101
Jefferson Realty . 8 100 105
Milner Land Co. 6 95 100
Nashville Railway _ 5 3 00 105
Prait Consolidated .. 6 80 86
Slosh I. & 8. 6 3 00 108
S1o?b r. & S. 4% 92 95
T. C. J. gen. mtg. 6 99 101
T. C. I. Tenn. D«v. ... 6 101 103
T. C. I. Ship Eldg.6 100 104
T. C. X. B’ham Div. ..6 100 102
T. C. I. Cahaba Div. .. 6 102 104
Woodward Cons.6 100 105
8.20; stockers, $5.50(97.5*0; cows and helf
cvs. $3.7098.40; calVes. $7(7/10.
Sheep: Receipts, 9000; market firm. Na
tives. $5,404/7: yearlings, $fj.S0@7.60; native
Iambs. $7.35(98.30.
Kansas City, April 3.—Hogs: Receipts
2400; market higher. Bulk. $8.45(98.65
lackers and butchers. $8.60(88.<w; heavy
$^.5o#8.65; light, $8.40*98.60; pigs, $7.5<Ko
8.20.
Cattle: Receipts, 200; no southerns
market steady. Prime fed steers, $8,804/
9.25; dressed beef steers. $7.60(08.60; south
ei*i .'■rteors, $6(97.85; cows. $4.50(06.70; heif
c.'s. -$6.50(07.30; Stockers, $6,.504(7.85.
mWitpr ‘-ftn't'fptv, 8600; • market strong
T.nmbs. $6.80(08.30; yearlings, $6477.25
wethers, $5.50(96.75; ewes. $5(06.00.
i*t. lx)uis. April 3.—Hogs: Receipts. 6GQ£>
market higher. Pigs an« lights, $7(08.95;
/nixed and butchers, $8.75(98.90; good
feavy, 8.80<8*.90.
Cattle: Receipts 400, Including 100 Tex
tins: market steady. Native beef steers,
$7.50(99.25: cows and heifers. $4.25(08.76;
stockers, $5(08; Texas and Indian steers,
$3.76(08: cows and heifers, $4.50(06.65; na
tive calves, $64/10.
Sheep: Receipts. 1300: market steady.
Native muttons. $5.75(96.50; lambs. $7(08.40;
clipped lambs, $3.75(97.So.
Louisville, Ky,. April 3.—Cattle: Re
cc ipts, 100; market firm, $2(08.
Hogs: Receipts. 1500; market active, 10c
lip; range, $4.50(08.95.
Sheep: Receipts. LV*. market steady.
Lambs, Sc down; sheep, fd^e lower.
Cotton Seed Oil
New York. April 3.—The cotton seed
oil suffered a decline of 4 to 6 points
under liquidation for account of the
west and lack of outside demand. Re
iners were moderate buyers in the
break. The cotton seed oil market
closed steady. Spot. 7.304/7.50c; April,
7.454/7.46c; May. 7.43(07.44c; June, 7.45
@7.50c; July, 7J55(0'7.56c; August, 7.61
(07%62’c; September. 7.607.62c: October.
7.10(07.20c; November, 6.75(0 6.98c. To
tal sales, 9800.
Naval Stores
Savannah. April 3.—Turpentine dull,
46Bic; no sales: receipts, 231’; ship
ments, 158: stork, 11,030. Rosin firm,
sales, 185: receipts, 403; shipments, 510:
stocks. 107,464. yuotr: A, B, $3.70. C,
D, E. $3.76: !<’, $3.82; G, $3.36; H. $4;
I. K. $4.10; M, $4.50; N, $5.40; TVG, $5.75;
WW, |6.
SIMS ML BE
SELF GOVERNED
Details of Inauguration of
New Plans at University
Complete
University. April 3.—(Special.)—Details
’or the inauguration of student self gov
rrnment at the university were completed
his week, and'the system will go Into
rffect Monday night with the meeting and
he organization of the general executive
committee.
The last obstacle in the way of the adop
lon of the system was removed at a
neetlng of the students last Monday,
when the question of allowing the young
women students representation on the
roverning board In proportion to their
lumbers was settled in favor of the
'oung women.
According to the constitution adopted
here will be three committees. One or
hese will be composed entirely of men
md will deal with all questions relating
o men alone. Another will be made up of
vomen and will handle all questions re
sting to the women students. The third,
vhich will be known as the general ex
cutive committee, will consist of 14 men
nd two young ladies. This committee
rill deal with all questions relating to
he students body as a whole.
This last named committee will be made
p as follows: From the college of arts
nd sciences and the college of engineer
ng. one post graduate; four seniors, two
unlors, two sophomores; from the school
f law, three seniors, two juniors.
The several classes have been electing
heir representatives this week, and when
iiey meet Monday night they will ar range
nr the election of officers and attend
j other business of the moment.
BUSINESS ON MORRIS
Merchants Expect More Ac
tivity Toda/—New Irish
Potatoes Appear
Business on Morris avenue yesterday
was not so brisk as It might have
been but the merchants are optimistic
over the outlook for today's trading.
| expecting that the demand will show
much more vitality and the market
generally to take on new life.
In the produce market new Irish po
tatoes are being received and the quo
tation is $3 per hamper. There is an
excellent demand, the cafes and res
taurants buying the bulk of the ship
ments. Strawberries are now in great
demand and the price is comparatively
small. Green stuff is slow coming in,
but it is believed that before next week
lias gone there will be good supplies
In the grain market business is be
ginning to show strength. The prices
are somewhat off, cotton seed meal ex
periencing a drop of $2 on the ton and
corn meal falling off 10 cents a bushel.
The supplies generally are good.
Eggs remain stationary with a fair
demand. Hens are in good demand with
but few on the market. Fryers are not
to be had and the price is strongly in
clined upward.
LOCAL QUOTATIONS
The Iron Market
IF .*11.50
2F . 11.01)
3F . 10.50
dray Forge . 10.00
IS . 11.50
2S . 11.00
Local Cotton
Strict good middling . J3\
Good middling . 13l*
Strict middling . 12"*
Middling . v>%
Strict low middling . \2\%
Poultry and Eggs
Hons, per pound. 17%e; fryers, lVn,
steadiness shown in some lines of gray
1*4 lbs. average. 36c; ducks. 18c lb.;
guineas, 3tic; roosters, 36c; geese, lb., 10c; <
hve turkeys, 22c; dressed turkeys. 24c;
fresh eggs, candled, 18c; extra grade J
iundlprl patrs. 2(kv
Fruits and Produce
Russet apples. $6.00 bbl.; western box
apples, $2.25@3; Ben Dnvls, $3.50; limes,
per 100, $1.25; lemons oox. 360. $4; Florida
grapefruit, $4@5; Florida oranges, $3;
Cuban pineapples, $2.75 crate; Irish
Potatoes, $1 bushel; Jumbo celery,
SI.73; cranberries, per box, 43; bbls., $12;
strawberries, per quart. 25c; celery, $1
dozen; Florida celery, per crate, $2.75;
tomatoes, $2.50^3 crate; Danish cabbage.
2%c lb.; rutabaga turnips. 144c lb; new crop
red and yellow onions. 4V4c lb.; Imported !
onions, crate, $1.75; uocoanuts, $6 bag. I
Fftiglish walnuts. ]fi@20c. Alberts, 15c;
pecans. 15c; California Ags, case, $2.50' i
dates, lb., S*4c.; sweet potatoes, Dooleys, i
bushel, $1.10; sweet potatoes, cream !
Yarns, bushel. $1; new Irish potatoes, $3 j
•hamper; Florida cabbage, $2.25 crate. <
Creamery Product*
Country butter. 204125c: rresn creamery
butter, 3014c; process butter, 26c; cheese,
1914c; imported Swiss cheese. 31c; German
brick cheese, 20c; llmburger cheese, l»o;
imported Roquefort, 35c; Neufchatel
cheese, per dozen, 43c; Pimento ch%es*.
11.36.
Meat
Lard, I2%c; compound, »%c: dry aalt
short ribs. 13.25c; bellies. 13.70c; ham
butts, 15.60c; Boston butts, l«c; pork Ilona,
16c; spare ribs, 13c; breakfast bacon,
/74328c; smoked bacon. 17c; regular ham,
1714c; skinned ham, 18%tc.
Fish and Sea Food*
Red snapper, 10®lle In bbl. lots; erny
snappers or groupers, e44c; large. 814o;
small snappers, 10c; Spanish mackerel.
WHEAT CLOSES WEAK
18 T01-4C DOWN
Presence of Greenbugs in
Oklahoma Damage the
Wheat Crop Little
Chicago, April 3.—Profit-taking by spec
ulative holders of wheat developed into
mote than an offset today following
stories of green bugs in Oklahoma. Ac
cordingly the market closed weak at the
same as last night to %<8>*4c down. Corn
finished unchanged to *4c high**; oats
1-lflc off to H&Hc up, and provisions rang
ing front yesterday's latest figures to 5f<T
7Vfcc decline.
Reports of the (presence of green bugs
were confirmed and denied from the same
sections in. Oklahoma, and seemingly the
only agreement was that there had been
no damage from the insects, and hut lit
tle damage of any kind. Nervousness over
the possibility of the pest being spread by
the cool, rainy weather prevailing south
west tended to make the market higher
the greater part of the day, but the final
trading was on a rather sharp reaction.
Bears in wheat gave considerable at
tention to plentiful rains throughout west
ern Kansas, where dryness of the soil has
recently caused complaint. Oi^the other
hand, some districts reported a very rank
| growth and world shipments promised to
be light and receipts northwest showed
signs of falling off.
Corn shorts became decidedly nervous
today amd many of them covered at a
sharp advance, which In the end almost
disappeared under free selling on the part |
of the leading bulls. The uneasiness of
shorts was due to a revival of demand on
the part of the Industries at interior west
ern and southwestern parts.
It was reported that purchases of Ar
gentina corn for America within Die last
24 hours equalled 600,000 bushels, and sonic
would almost certainly come to Chicago.
Oats trailed corn, but did not show as
marked extremes. Pit readers were main
ly nunisn.
In provision* tlu> dwindling receipts ol
hogs furnished only temporary strength
On the bulge selling pressure increased
and the market closed weak.
Future quotations were as follows:
Wheat « '!<•■ n. High LoVvT Close
May . 91% 92 91% 91%
July . 87% 88 87% 87%
Corn—
May . 97% 88% 67% 68 %
July . 68% 69 68 % 68
Oats—
May . .38 % 39% 38% 38%
July. 39% 39% 39% 39%
Pork—
Ma> .20.95 20.97 20.85 20.85
July .20.95 20.95 20.87 20.87
Lard—
May .10.60 10.60 10.52 10.52
July .10.80 10.SO 1 0.72 10 72
Ribs—
May .11.20 1 1.20 11.15 11.15
July . 1 1,35 11.35 11.30 1 1.32
Kansas Cily Grain
Kansas City, April 8.—May wlreat.
84V*c; July. 82%®82%r: No. 2 hard.
85% 0 90c; No. 2 red. RR%®89%<\ Corn:
May, 69% 069 %c. July, 70%c; No. 3
mixed. 88%069c; No. 2 white, 69 % 0
70%r. Oats May, 38%e; No. 2 white,
39%@40c; No. 2 mixed, 38%c.
St. Louis Grain
St. Louis. April 3.—May wheat, 90%c;
July, 84 %c; No. 2 red, 93'i094%c; No.
2 hard. 90%®94c. Corn: May, 70'#r:
July, 70%c; No 2, 69©69%c; No. 2
v. bite, 72c. Oats: May, 38%c; July, 39c;
No. 2, 40 %e; No. 2 white, lie.
Liverpool Grain
Liverpool, April 3.—Wheat: Spot
quiet: No 2 red western winter, 7s
3%d: No. 1 Manitoba. 7s 4d; No. 2. 7s
3d. Futures steady; May, 7s 2%d; July.
7s 2%d; October, 7s 2d. Corn: Spot
quiet: American mixed, 6s 7%d; LaPlata
futures stead; July, 4s 7%d; September,
4s 7%d.
Primary Receipts
Chicago. April 3.—Primary receipts
of wheat today were 505,000 bushels: a
year ago. 486.000 bttBhels. Seaboard
clearances of wheat and flour equalled
164,000 bushels.
St. Louis Produce
St. Louis. April 3.—Flour dull. Hay
strong. Receipts: Flour, 7000; wheal,
60,00; corn, 40,000; oats, 49,000. Ship
ments: Flour, *10,000; wheat, 48,1X10;
corn, 60,000; oats, 42,000.
New Orleans Receipts
New Orleans, April 3.—Receipts, 37.3
barrels rosin; 37 barrels turpentine.
Exports for New York, 566 barrels
rosin.
New Orleans Rice Market
fiew Orleans. April 3.—Rough rice
lare of stock: clean rice steady. Quote:
Ftoufeh Honduras, 2.000 1.50c; Japan,
1.5003.00c; clean Honduras. 4tx0Gc;
Japan, 2%®3%e. Rice polish per ton.
12(5028; Iron per ton. JlttfflO. Receipts:
Rough, 1902; millers, 1635; clean. 1369.
Sales: Rough Honduras, 267 sacks at
1.7702.43c: clean Honduras, 1841
lockets at 1%®5%c; Japan, 1800
lockets at 2%@3%c.
Montgomery Market
Montgomery, April 3.—(Special.)
Spot cotton was quoted here today ns
’allows: strict middling, 13 l-16c; mld
lllng. 127«c; strict low middling, 12%c;
ow middling, 11 Inc.
-•••—
Selma Market
Selma, April 3.—(Special.)—Spot cot
on In the Selma market today was
juoted as follows: Oood middling,
.VHic; strict middling. l3Sc: middling,
3He; strict low middling, 12%c; low
niddllng, 12'4c.
2*r£®15c in bbl. lots; fresh water breams.
IH69c; pompano, 26c; roe shad, $1; red
lass, 6V; mixed fish, Sc; small trout,
V; fresh water cat, dressed, 13V-,';
■alt water cat, *t|b; speckled trout,
5c. Shrimp, 10c lb.
New Jersey oysters, tl.45® 1.66; southern.
Plants, *10 per 1000. Shrimp, 13c lb.
Flour and Breadstuff*
Self rising flour, *5.49. Tennessee flour,
5.25; pure wheat shorts. *34; pure wheat
Iran, *81; C. S. meal, 7V4 Per cent, *30; C.
1, feed meal, per ton, *24; C. S. bulla. *13
on; No. 1 timotny hay, per ton, *26;
rdxed alfalla and Johnson grass, per ton,
22, C S. hulls, *14 ton: Johnson grass,
isr ton, *18; mixed feed, *34; oats, 56c bu.;
orn, 90c; cornmeal, *1.70 per 96 lbs.
Feature Active Buying o
May and July Contracts
by Liverpool
New York, April 3.—The cotton marke
made a new high ground for the move
ment during today's trading on a contin
ued, and at times excited, demand amon
both old and new crop shorts. The feat
ure was the active*buying of May atv
July contracts by Liverpool and leadin,
spot house brokers, and it was estimate
around the ring that the latter interest
took fully 60,000 bales of May betweei
12.58c and 12.t>1c on the early advance
There was heavy realizing during the en
tire day, and as the demand tapered of
prices eased in the late trading, but closet
steady and from 3 to 8 points net higher
The market opened steady at an ad
vance of 5 to 10 points, and in accordant
with over-night buying orders there ap
peared to be considerable demand. « four
aged by the steady showing of Liverpoo
and bullish southern spot advices. Of
ferings were heavy enough to cause reac
tions of 4 to 5 points during early trad
ing, but on even so slight a setback thi
demand for the old crop became more ae
the. while the continued strength 'of olt
crop positions and prospects for a re
newal of unsettled weather, seemed tf
Inspire some bearish buying of new croj
months. The market quickly stiffened
up. and during the early afternoon sold 1
to 10 points higher. Buyers then became
a little less urgent and reactions of somt
5 to 10 points followed, but there was re
newed old crop support just before th(
close, which was 3 to 4 points up froir
the lowest.
I’rgency of demand May contracts at
tractcd numerous Ann offers from abroad
for August and September sailing, am
part of the new’ crop buying here wa*
supposed to be against forward business
with foreign and domestic spinners. Tin
week-end figures were considered about a
stand-off, while reports that the exchange
was planning to trade in both old and
new style contracts September 1, seemed
to be considered a bullish factor on new
crop months.
_New York Cotton Futures
_ High" Cow i'!<>>,>
May ......... 12761 12.50 127&"1
•July . 12.32 12.24 12.2?
August . 12.04 11.90 12.01
October . 11.63 *1.58 11.61
December . 1 1.70 11.65 1 1.6(3
Port Cotton Movement
Galveston; Steady; middling. 13c: net
receipts. 6210; gross receipt®, 6,210;
sales. 287; stock, 256,099; coastwise,
100. I
New Orleans: Firm: middling. 13c;
net receipts, 1163; "gross receipts, 1219.
sales, 3625: stock, 153,500; France, 2874,
continent, .8774; coastwise, 3810.
Mobile. Firm; middling, l8V4c; net
receipts. 1101; gross receipts, liot:
sales, 300; stock, 30,258; coastwise. 74.
Savannah; Firm; middling, 13Vic; net
receipts. 4391; gross receipts. 4409.
sales, 300; stock, 70,054; France, 43;
coastwise. 1630.
Charleston: Quiet: middling, 13c; net
receipts, 146; gross receipts, 146.
stock, 1 1,367; coastwise, 562.
Wilmington: Quiet; middling. 13c:
net receipts 252; gross receipts, 252;
stock. 21,807; coastwise, 50.
Norfolk: Quiet; middling. 13Vic; net
receipts. 2406. gross receipts. 2405;
sales. 614; stock. 42,605; coastwise. 425.
Baltimore; Nominal; middling. 13 V4 c;
net receipts, 970: gross receipts, 970:
stock, 3 177; France, 1019; coastwise,
1324.
New York: Quiet; middling, 13.40c;
not receipts. 250; gross receipts, 1881;
•stock, 1 21,020; coastwise, 177.
Boston: Quiet: middling. 13.40c; gross
receipts, 1019: stock, 1 1,354.
Philadelphia; Steady; middling,
13.65c; gross receipts, 354; stock, 2583.
Texas City: Net receipts, 715; gross
receipts, 715; stock, 4 749.
Minor ports: Net receipts. 12.408;
gross receipts, 12,408; stock, 3127;
Great Britain, 3636: coastwise, 9574.
Totals today, at all ports: Net, 30,001 ;
Great Britain, 3636; France, 3936; con
tinent, 877; stock, 732,000.
Consolidated at all ports: Net, 112,121;
Great Britain. 40,824; France, 27,364;
continent, 38,773; Japan, 300.
Total sin«e September 1 at all ports:
Net. 9,450,977; Great Britain. 2,934,037;
France, 98,487; continent. 4.352,047; Ja
pan, 324.938; Mexico. 23,885.
Interior Cotton Movement
Houston: Steady; middling, 1274c; net
receipts, 2992; gross receipts, 2092; ship
ments. 3419; sales, 1480; stock, 134,857.
Augusta: Steady; middling, 13%c; net
receipts. 200; gross receipts, 208; shipments,
1515; sales, 595; stock, 54,926.
Memphis: Steady; middling, 13V4c; net
receipts. 432; gross receipts, 892; ship
ments. 3788; sales, 2400; stock, 120,769.
St. Louis: Steady; middling, 13%e; net
receipts, 171; gross receipts, 1914; ship
ments, 2302; stock. 33,794.
Cincinnati: Net receipts, 1189; ship
ments, 285; stock, 18,133.
Little Rock: Quiet; middling, 13%c; net
receipts, 155; gross receipts, 155; ship
ments, 103; stock, 51,446.
Louisville: Firm; middling. 13V4c; net
receipts, 73; gross receipts, 73; shipments,
14; sales, 39; stock, 40.
Total today: Net receipts, 5220; gross
receipts, 7393; shipments, 11,486; sales, 4514;
stock. 413,965. *
New York, February 3.—The follow
ing statistics on the movement of cot
ton for the week ending Friday, Feb
ruary 3. Were compiled by the New
York cotton exchange:
WEEKLY MOVEMENT.
This Year.
Port receipts . 109,191
Overland to mills and Canada. 14,713
Southern mill takings (esti
mated) . 45,000
oss of stock at interior
towns .,.. 32,821
Brought into sight for the
week . 136,080
TOTAL, CROP MOVEMENT.
This Year.
Port receipts . 9,447,837
Overland to mills and Canada. 978,278
Southern mill takings (esti
mated) . 2,375,000
Stock at interior towns In ex
cess of September 1 . 4 43,821
Brought into sight thus far
for season .13,244,334
Cotton ReceipU
New York, April 3.—The following are
the total net receipts of Cotton at all
ports since September 1; Galveston. 3,
1)41,805; New Orleans, 1,613,598# Mobile, 379,
150; Savannah, 1,668,682; Charleston, 4<»9.
243; Wilmington, 386,208; Norfolk, 513,565;
Baltimore, 83,866; New York, 5512; Boston,
14,661; Newport News. 96,139; Philadelphia,
516; San Francisco, 166.942; Brunswick, 272,
785; Pensacola, 144,213; Port Arthur and
Sabine Pass. 40,246; Jacksonville, 28,883;
Texas City, 462,672; Tacoma, 34,632; eSattle,
4375; Aransas Pass, 43,996; minor ports,
4489; total. 9,460,977 bales.
Comparative Cotton Statement
New York. April 3.—M the week
ending Friday, April INotl^receipts
at all United States porta liurlfrg week,
112,121; same week l*r»t rear, 116.241;
total receipts since Soptemilpr 1, 1,150,
977; same date last year, 8,V86,195; im
ports for the week, 107,261 ; Vanna Week
last year, 123.505; total since
September 1, 7,620,292; a&in^late lut '
year, 7,101,49 4; stork at all United
States ports. 732,000; same time last
.\ear. 697,284; stock at all interior
towns. 668,289; same time last year,
'*5 4,201; stock at Liverpool. 1. _ 41,600;
f same time last year, 1,281,000 stork
I of American afloat for Great Britain
same time last year. 84,000.
Weekly Cotton Review
New York, April 3.—While cotton has
* shown considerable nervousness during
the past week, prices have worked still
.higher. March committments were out
of the way with May contracts selling
some 85 per bale over recent low rec
ords. it was argued that the short n
terests had been much reduced, that
April was usually a dull month in the
spot department and that regardless
t of ultimate values, the market was en
- titled to a reaction.
This feeling probably was encoiirkged
^ by the fact that local stocks had gained
considerably, owing to arrivals her*
during the latter part of March, while
1 sellers also emphasised such points in
t the general situation as labor troubles
j in England and domestic coal mines.
. political complications In Great Britain
and legislative uncertainties. On the
‘ other hand, however, a bullish view’ of
. the old crop situation was encouraged
. by reports of Improving trade in Man
r cheater, where the mills decided not to
close for the proposed Easter week hol
iday. the continued steadiness of south
ern spot markets and reports that un- ,
seeled weather was delaying new crop
prepara t Ions.
It also was pointed out that the cot- J
ton draw n to New’ York by March con- 1
tracts had not reached here until the I
price was well above 13 cents for that1
delivery, and on a reaction to a little
under l2*n cents for May, there was
renewed demand by spot interest or
straddlers. The market soon firmed up,
in consequence, and notwithstanding
the appearance of clearing weather In
the south new crop months shared to
day's advance into new’ high ground
for the movement
Uncertainty as to just w’hat trading
conditions will exist here during au
tumn, or ever during the summer, as
a possible result of proposed legisla
tion or voluntary reform measures for
the change, undoubtedly lias restricted
fresh business to some extent. Mean
while the firmness of the immediate
spot situation, combined with the larg *
straddle or hedging short Interest in
May and July has been to the ad van tag*
of contract holders in the evening up
cf old committments.
Weekly Cotton Statistics
Liverpool, April 3.— Weekly stiDistles of
cotton: Total forwarded to miTN, 91,000,
American 73,000; stock, 3,241,000, American
1,014.000; Imports, 93,000, American 77,000;
exports, 31,000.
Liverpool Cotton Market
Liverpool, April 3.—Spot cotton firm;
good middling. 7.68d; middling, 7.62d; low
middling, 6.86d. Sales, 8000; speculation
and export, 2000. Receipts, 17.000; futures
closed steady. April. O.OOUd; Aprll-May,
6.81 tl. May-June, 6.80d; July-August,
6.68d. August-September, 6.55d; October
November, 6.28d; December-January,
6.20d; Jammry-February, 6.20d,
Dry Hoods
Newr York, April 3. Uotton goods mar
kets wore steady today with trade mod
erate. Wool markets, both home and for
eign, were firm. Uncertainty ns to the
fabric styles for fall is deterring the
placing'of order on sllxs.
Hubbard Hros. & Co.’s Letter
New York. April 3 (Special.) Liverpool
fully met our advance of yesterday and
before we opened had improved so that
our market was some 8 points higher on
the opening call.
During the first hour arbitrate brokers
sustained prices under the continued pur
chasing of sales in this market made
some time ago against purchases from
Liverpool. After Liverpool closed there,
was more cotton for sale, the market
lacking the strength of the past few
days. This was due to realizing by old
longs and also to the better weather In
the south.
Sentiment Is rather mixed, but. rumors
that, cotton had been sold today against
shipments for May delivery tended to
ease that position in relation to July.
On the other hand, the fall months were
strong on Investment buying and reports
that the south was not inclined to sell
much, forward shipments for fall de
livery at present prices are becoming
more and more a weather market. j
Cotton Maintains Good Un
dertone; Close Net Ad
vance of 3 to ."> Points
New Orleans, April 4.-Cotton main
tained a good tone today, although no
great amount of activity was displayed
and closed at a net advance of 3 to 5
points. At the highest of the day prices
were 7 to 9 points up. Fairly good buy
ing was in evidence in the early part of
the sesfbui. hut realizing on the purfi
of buyers of the earlier sessions of the
week were slowly cut down the rise.
Reports from Liverpool and Manchester
that English weavers still were doing a
large bustness with Tndla, reports th»C
the spot demand on this side was im
proving and the hulllish turn taken by
statistics were the main sustaining In
fluences. The weather map was called
favorable.
Nr" Orleans Cotton Fnturen
___ High? i.owrc4o«fC
MaT . . ... 12.SO 12 74 lSTTfl ,
July . 12.71 12.65 12 66
August . 12.32 12.25 12.35
October . 11.68 11.64 11 6 * .
December . 1 1.64 11.62 11.6?
New Orleans. April 3.—Spot cotton firm*
unchanged. Middling, 13c. Sales on thd
spot. 2750. To arrive. 876. Oood ordinary*
10 1 l-l6c. Strict good ordinary, 11 3-16o,
How middling. 12 3-IKo. Strict low mid
dling. 12|ic. Strict middling, 13 7-16c. Ooo<t
middling, 13 13-16<\ Strict good middling*
14c, Receipts. 1153. Stock, 153.500,
World’s Visible Supply
New Orleans, April 3.—Secretary
ter’s statement of the world's visible sup
ply of cotton made up from special table
and telegraphic advices compares the
figures of this week with last week, last
year and the year before. It shows a
decrease for the week just closed of 126.
751, against a decrease of 226.912 last year
and a decrease of 37.347 year before last- ,
The total visible is 57.752,833, against /
5,852,587 last week, 6,074,544 last year and
6,545,691 year before last. Of this the
total of American cotton Is 3,774,833.
against 3,929,687 last week, 3,621,514 last
year ami 4,310.691 year before last, and
of all other kinds, including Egypt,
Brazil, India* etc.. 1.961.000, against 1,923.
600 last week, 1,463,000 last year and 1,329,* \
000 year before last.
The total world’s visible supply of cot
ton as above shows a decrease compared
with last week of 126,751, nn increase
compared with last year of 651,289, and an
Increase compared with year before last
ctf 180,142.
Of the world’s visible supply of cotton
as above there is now afloat and held
In Oroat Britain and continental Europe)
306.700. against 274.100 last year and 3.370.
000 year before last; In Egypt 288.000,
against 232,000 last year and 236,000 year
before last; In India 1.068,000, against
867.000 last year ami 660,000 year before
last, and in tjie I nited States. b303,viOO
against 1,232,000 last year and 1,2$Q,000 year
before last.
Taking of American Cotton
New Orleans, April 3 Secretary Hester
gives the taking of American cotton by
spinners throughout the world as follows.
In round numbers;
This week this year, 295.0fti>. against 24,
00O last year. 269,000 year before last. _
Total since September 1 this year, 1,067,
000, against 1,034,600 last year and 1,085,200
the year before.
Of this northern spinners and Canada
took 2,163.000 bales this year, against 2,
'£4,000 last year and 2,234,000 the year be
fore; southern spinners, 2,647,000, against
2.318.000 last year and 1.992,000 the year be
fore; and foreign spinners. 5,960,000, against
5.774.000 last year and 6,626,000 the year
before.
I Notice
! Commencing Sunday, April
5th, North Birmingham cars
will resume their regular route via
23rd Street and 7th Avenue.
Birmingham Railway, Light & Power Co.
I $12.05 RC LOUISVILLE, KY. I
9 TICKETS ON SALE APRIL 5 AND 6 j§
9 RETURN LIMIT, APRIL 14, 1914 I
Ngj For further information or sleeping ear reservations, I
■ phone Main 5813 or 977. I
■ J- H. SETTLE. D. P. A. 9
U Birmingham, Ala
Drs. Dozier
& Dozier
Specialists
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Persons who need glasses or who
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The Birmingham age-herald. [volume], April 04, 1914, Image 15
About The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950