The Birmingham age-herald. [volume], May 30, 1914, Page 13, Image 13

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

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

                
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1 FAIRLY STEADY
However, New Haven De
velops Weakness—Lon
don Offers Steel
New York, May 29.—On a diminishing
volume of operations, today's stock mar
ket moved in the same narrow' groove
which characterized the preceding ses
sions or an uneventful week. An initia
tive w'as nullified by the approaching
holiday. Closing prices were fairly
steady, with the exception of New Haven,
which developed weakness.
Missouri Pacific issues were watched
with uncommon interest because of the
approach of the time for definite action in
connection with the T-5.000,000 note issue.
The movement of these securities pointed
strongly to a satisfactory arrangement.
Canadian Pacific was not severely af
fected by newa of the catastrophe to one
of Its steamships, but Baltimore and Ohio
and New York Central were under pres
sure, while St. Paul dropped at times on
the new financing under negotiation by the
company. Early selling of United States
Steel wras traceable to offerings from Lon
don.
Local banks made an actual cash loss
of about $4,400,000 for the week, with a re
serve decrease of about $2,000,000. Money
continued so abundant that a 30-day loan
at 2 per cent was reported.
The bond market was irregular, except
for Missouri Pacific, the 5's advancing
2 points. The Virginia debt certificates
rose 4 points. Total sale of bonds (par
value), $1,640,000.
United States registered 4’s gained %
per cent on call for the week.
Bonds
U. 3. 2s registered. 97
U. S. 2s coupon . 97
U. S. 3s registered. 101%
IT. S. 3s coupon . 101%
U. S. 4s registered. 109%
U. S. 4s coupon ... 110
Central of Georgia 5s . 101%
Illinois Central ref 4s . 92%
Louisville & Nashville un. 4s.... 95%
Seaboard Air Line adj. 6s . 76%
Southern Railway 6s . 105%
Southern Railway gen. 4s. 73%
Money on Call
New York, May 29—Mercantile paper,
8* @4c; sterling exchange steady; 60
days, $485.75; demand. $4.88.35; commer
cial bills, $485%. Bar silver, 6S%c; Mex
ican dollars, 44c. Government bonds
steady; railroad bonds irregular.
Call money firmer, 1%(§>2 per cent;
ruling rate, 1% per cent; closing, 1%^
2 per cent. Time loans firmer; 60 and
90 adys, 2% per cent; six months, 3%
per cent.
Bank Statement
New York, May 29.—The statement
of the actual condition of clearing house
banks and trust companies for the week
(five days) shows that they hold $48,
984,200 reserve in excess of legal re
quirements. This is a decrease of $1,
971.670 from last week. loans, $2,113,885.
000; decrease, $3,791,000. Specie, $439,
367.000; decrease. $1,379,000. Legal ten
ders, $73,992,000; decrease, $2,985,000. Net
deposits, $2,046,670,000; decrease, $10,
003.000. Circulation, $41,365,000; de
crease, $301,000. Banks' cash reserve in
vault, $437,982,000.’ Trust companies'
cash reserve in vault, $75,377*000. Ag
gregate cash reserve, $513,359,000. Ex
cess lawful reserve, $48,984,200; de
crease, $1,971,650. Trust companies’ re
serve with clearing house members car
rying 25 per cent cash reserve, $96.
660.000. Summary of state banks and
trust companies in Greater New' York
not included In clearing house state
ment: Loans and investments, $571,
242,600; increase, $1,061,000. Gold. $54.
470,700; Increase. $102,400. Currency and
bank notes, $9,880,600; increase, $33,
•00. Total deposits, $695,215,000; in
crease, $4,135,500.
London Stocks
| London, May 29.—Consols for money,
T4 15-16; for account, 75^. Bar silver quiet,
28t*d. Money, 2\*Q2*i per cent. Short bills,
2 15-16 per cent; three months, 2 13-16 per
cent.
Coffee Market
New York, May 29.—European cables re
porting that a Brazilian loan would prob
ably soon be announced, and unfavor
able Brazilian crop advices encouraged
the steadier tone of today's coffee market.
Opening was steady, 4 to 9 points higher.
Close steady, 4 to 9 points net higher.
Sales, 40,000; June, 8.81c; JUdy, 8.91c; Sep
tember, 9.11c; October, 9.20c; December,
9.37c; January, 9.42c; March, 9.63c; May,
9.63c.
Spot steady; Rio No. 7, 9V^c; Santos No.
4, 12c; mild quiet; Cordova, 12M:@16c nomi
nal.
Havre, %@lt higher. Hamburg, Vfe@^p
higher. Rio, 76r higher at 5sx250. Brazilian
receipts, 14,000; Jundiahy, 4000; Santos
cables reported 4s unchanged; futures, 60
@?or higher.
Metal Market
New York, May 29.—Lead quiet, $3.85(g)
1.95. London. £19 2s 6d.
Spelter dull, $5.05@5.15. London, £21 10s.
Copper quiet; electrolytic, 14.25c; lake
nominal; castings, 14@14.12c.
Tin unsettled; spot, $31@31.50; August,
9ftL.60@31.S7.
Iron quiet and unchanged.
London copper easy; spot, £63; futures,
£63 11s 3d. Tin weak; spot, £143; futures,
£145. Iron; Cleveland warrants, 51s 3d.
Live stock
Chicago, May 29.—Hogs: Receipts, 14,
000; market weak. Bulk o£ sales, S3.10®
*.20; light. $308.20; mixed. S7.9508.17H:
heavv, *[e-mail]; rough, $7.70®7.SS; pigs,
97.25®*.
Cattle: Receipts. 1000; market slow;
Calves Weak. Beeves, $7.4009.30; steers,
*7®*.15; stockers, $8.3606.36: cows and
heifers, $3.70®8.75; calves, 1703.60.
Sheep: Receipts, 8000: market steady.
Sheep. $5.2506.15: yearlings, $6.1007; lambs,
*6.1508.20; springs. $709.75.
St. Louis. May 29.—Hogs; Receipts. 5700;
market lower. Pigs and lights, $708.26;
mixed and butchers, $8.1008.30; good
heavy, $8.2008.26.
Cattle: Receipts, 245; no Texans; mar
ket steady. Native beef steers, $5.7509;
cows and heifers. $4.2609; stockers, $608;
Texas and Indian steers, $5.7508.40; cows
and heifers, $4.5006.65; native calves, $6
09.75.
Sheep: Receipts, 2600; market lower.
Sheared muttons, $4.7506; sheared lambs,
*707.25; spring lambs. $909.25.
i Kansas City, May 29.—Hogs: Re
ceipts, 3000; weak. Bulk, $8.05 08.20 7
heavy, $8.20® 8.22*4; packers and butch
ers. $8.1008.2214; lights, $8.0008.20;
?lgs. *7.5007.90.
Cattle: Receipts. 200; steady. Prime
fed steers, *8.60@9.20; dressed beef
stesrs,*7.60©8.50; southern steers, *6.70
08.25: cows. *4.5007.75; heifers, *7.00®
9.00; stockers, *6.5008.25.
Sheeep:; Receipts, 200: steady. Lambs,
*7.00® 8.75; yearlings, *6.2507.15;
wethers, *5.5006.59; ewes, (4.5005.75.
Naval Stores
Savannah, Ga.. May 29.—Turpentine
firm, 44c; sales, 390: receipts, 675; ship
ments, 449; stocks, 17,873. Rosin, firm.
Hubbard Bros. & Co.
change. N*w Orleans Cotton Exchange.
ssr. tefrtiswsm&n
elation Orders solicited for the par.
ftSS*0,}rdf.rWreCOdt.^.15!?d SS
ssTM&atfsji
THE CLOSING STOCK LIST
Sale*. High. Low. Close.
Amal. Cop.3200 727, 7274 7^%
Amer. AgricuL. 53%
Amer. Can . 900 27*4 27% 27%
Amer. C. F. 100 50% 50% 50%
Amer. Cities, pfd. 61%
Amer. Cot. Oil. 4174
Amer. Smelt. 400 63 74 637i 63 74
Amer. Snuff.162
Amer. Sugar . . . 600 109 108 109
Amer. T. & T.... 200 122% 122*4 122*4
Amer. Tob. 227 74
Atchison. 500 99 74 97 97
Atlantic C. L..I 122 74
Balt. j£ Ohio _1900 91% 91% 91%
•Can. Facific_2 7 0 0 1 9 5 74 1 94% 195 7,
Cent. Leather ... 20 0 3 5 74 3 5 74 3 5 7,
Ches. & Ohio_ 700 52 5W, 52
Chi., Mil. &
St. Paul .1500 100% 100% 100%
Erie .1700 2974 287, 2»
Gen. Elec. 200 149% 149 149
Gt. Nor. pfd _ 600 124% 124% 124*,
Illinois Cent. ... 100 11174 111 74 11174
lnterh.Met. pfd... 600 62% 62 02
K. C. Sou. 4 0 0 2 7 74 2 6 74 2 7%
Lehigh Val. 3 0 0 1 3 9 74 1 39% 13974
Louis. & Nash.136
Liggett* Myers. ... ..214
Lori Hard Co.172
Mo., K. & T. 17
Mo. Pacific ....10400 19 1874 18%
Sales. High. Low. Cloae.
Mex. Petroleum.. 200 63% 6T% 63%
N. Y. Central ...1100 92% 92% 92%
N. Y., X. H. &
Hartford. 200 677, 66% 67
Nor. & West. ...1000 103% 103% 108%
Nor. Pacific . S00 111 110% 111
Penn. 100 111% 111% 111%
Reading .13000 166 165% 166
Rep. I. & S. 23
do pfd. 87
Rock I. Co. ... 3 %
do pfd . 100 4% 4% 4%
St. I* & San
Fran. 2d pfd .. 400 6 6% 6
Seaboard A. U. 19%
do pfd. 64
Sloss-Sheff. S.
Iron. 28
Sou. Pacific.2600 95 94% 94%
Sou. Railway.... 100 24% 24% 24%
do pfd . 300 80% 80 80%
Tenn. Cop.. 34%
Texas Co. 145 142% 145 •
Texas & Pacific. 15
Union Pacific ..15800 158% 157% 157%
U. S. Steel .20000 63 62% 63
do pfd . 800 109% 109% 109%
Utah Cop.3300 66% 56% 66%
V. -C. Chem. 200 29 29 29
West. Union .... 900 62 61% 62
•Fx-dividend.__
i otai sales for the day, 116,600 shares.
LOCAL SECURITIES
Rate. Bid. Asked. Rate. Btd. Asked.
Ala. r. & 1. 4 49 55
Amer. C. Rys., pfd.... 6 60 63
Amer. C. Rys. 21 35
Amer. Tr. & Sav. B,.. 8 155 165
Avondale Mills, com... 8 100 115
Avondale Mills, pfd... 8 100 103
Bessemer C. & 1. 45 60
B'ham T. & S. 8 260 260
B'ham Baseball Asso.. 140 170
B'ham Realty Co.4 160 170
Cham, of Com., pfd .... 7 70 SO
Com. Bank & T. Co.... 85 96
Corey Land . 65 75
East Lake Land . 60 75
Elimvood Cem. Co. .. 4 75 90
Empire Imp., pfd .... 8 106 108
Empire Imp., tom. 6 70 S6
Ensley latnd . 110 125
First Nat’l Bank.12 260 260
Great Sou. Life . 10 13
Interstate Casualty.... 2 5
Jeff. Co. S. Bank.10 150 165
Jefferson Fertilizer ... 8 105 120
M. & M. Bank .8 126 135
North B’ham Land ... 16 22
Protective Life . 10 15
Realty Tr. Co., com... 8 100 110
Realty Tr. Co., pfd ..8 100 110
Sou. States Fire . 2 5
Traders Nat. Bank ... 9 150 165
Ala. State ref. 1920... 4 97 100
Ala. State Renew. 1956 3^4 88 90
Ala. State Renew, 1956 4 99 101
Ala. State Fair . 6 60 75
Amer. C. Rys. 5 89 92
Ala. Cons. 5 75 80
Bessemer C. & 1.6 102 105
B. R., L. & P. 6 98 101
B. R., L. & P. 4^4 89 91
B’ham Ice Factory ... 6 100 106
B’ham ft. & E.6 100 103
B’ham Waterworks.... 6 102 107
City of Birmingham .. 6 100 104
City of Birmingham .. 6 105 108
Continental Gin . 6 100 105
Jefferson County ..... 5 101 104
Jefferson County . 6 105 110
Jefferson County . 4 V4 89 101
Jefferson Reatly . 8 100 105
Milner Land Co. 6 95 100
Nashville Railway ... 6 100 105
Pratt Consolidated ... 5 80 85
Sloss I. & S. 6 100 102
Sloss I. & S.4 V4 92 95
T. C. L gen, mtg. 5 99 101
T. C. I. Tenn. Div. 5 101 103
T. C. I. Ship Bldg. ... 6 100 104
T. C. I. B’ham Div_ 6 100 102
T. C. I. Cahnba Div. .. 6 102 104
Woodward Cons.6 100 106
Liquidation of the Long In
terest Keeps Prices Below
Thursday’s Close
New Orleans. May 29.—Liquidation of,
the long interest was resumed today in
the cotton market as soon as trade com
menced and prices were kept below the
level of yesterday's close throughout the
session. At the lowest they were 10 to
15 points down. The close was 9 to 12
points down.
Fresh buying for long account, based on
continued unfavorable weather, rains in
the west find drouth in the east and
prospects of no immediate change kept
the market steady and checked the down
ward movement.
A private bureau report on condition of
78.2 per cent of the normal undoubtedly
stimulated liquidation, although conserv
ative traders pointed out that such a
condition report from me governnment
would be considered low. Small mill tak-'
ings increased offerings late in the ses- i
sion.
New Orleans Cotton JFutures
High. Low. Close.
May."... 13745 13.45 13744
July . 13.49 13.41 13.42
August . 13.28 13.22 13.22
October . 12.66 12.56 12.60
December . 12.67 12.56 12.60
January . 12.66 12.57 12.60
Where Were the Nine?
nuke 17:11-19—May SI.
“Were there none found that returned
to give glory to God, save this alien?"—
Verse 18.
The essence of today’s lesson is grati
tude. It is impossible to imagine a per
fect human being as acceptable to God
without this quality. We might almost
say that the degree of our acceptance
with God Is measured by our gratitude.
It leads to obedience to divine laws and
regulations, whether understood or not.
It leads to self-sacriflclng labors in the
service of God, and according to a divine
automatic arrangement has its blessing.
The Savior was approaching Jerusalem
by way of Samaria. It is surmised that
this was His last Journey to Jerusalem,
which eventuated in His death. Ten lep
ers sitting by the roadside heard that Je
sus of Nazareth was passing by, and im
mediately called to Him as loudly as the
hoarse whisper of their disease would
permit: ‘Master, have mercy on us!”
According to God’s arrangement with
the Jews under their covenant, they were
to have no sicknesses except as these
would represent sins; and the priests were
to pass Judgment upon cases of leprosy,
determining whether or not the disease
were leprosy, etc. Our Lord’s direction
that the lepers go and show themselves
to the prisests implied a healing,' and sug
fested that by the time they would reach
the priest they would be ready to have
him pronounce them clean.
The lepers Jnuet Save had considerable
knowledge of Jesus' power, and must
have exercised great faith; for Instead of
crying out for Instantaneous healing,
started for the prleet to have an Inspec
tion. Doubtless they hoped that when
they would reach him they woiAd be well
and would receive a bill of health. They
had gone but a short distance when they
found themselves cured. We can well Im
agine with what Joy they hastened to
have the priest approve them in order
to return to their families, etc. „ut one
of them slowed up, turned back, and fell
at the feet of Jesus, giving Him thanks.
His was a grateful heart; and we cannot
doubt that he will receive a great bless
Sales, 1701; receipts, 1644; shipments, 637;
stocks. 107,530. Quote: A. B, *3.50; C, D.
*3.90; E, *3.95; F, G, *4; H. *4.06; I, *4.10;
K, *4.30; M, *4.60; N.^25.20; WG, WW.
*6.60. /
e Cotton Seed Oil
New York, May 22.—Cotton seed oil was
easy today, Anal prices showing a net
loss of 2 to 7 points for leading monthg.
Liquidation was quite general, the result
of the decline In lard, liberal tenders on
contract on lack of consuming demand.
Sales, 20,900 barrels; terders, 2600 bar
rels.
The cotton seed oil market closed Arm;
spot, 7.0667.17c; June, 7.1367.14c; July,
7.17c; August, 7.2267.31c; September, 7.230
7.39c; October, 7.2067.22c; November, 6.06O
0.20c; December, 6.7g06.acj January, 16.70
60.20c. Tout sales. 21,60*, •
' >
inf? eventually, though not then; for he
was a Samaritan, an alien from the com
monwealth of Israel.
Another Crumb of Favor
In his case, the healing was a crumb
from the childrens table; for the rich
man hard not yet died—God's favor had
not yet uttered the fateful words, "Your
house is left unto you desolate." Nay,
it was three and a half years after Jesus’
death before the individual favor to the
Jews terminated to such an extent as to
permit the gospel to go to the Gentiles—
Cornelius being the first accepted to fel
lowship with God.—Acts 10:1-48.
Had the returning one been a Jew, no
doubt he would have been invited by Je
sus to become His follower. But because
be was a Samaritan, Jesus merely said,
"Arise and go thy way; thy faith had
made thee whole.” Doubtless, when the
time came for the opening of the door
to the Gentiles, this grateful Samaritan
was amongst those who gladly received
the message and made a consecration to
God.
■\Ye are not to understand that our
Lord's words, 'Thy faith hath made thee
whole," meant that tne man's faith aside
from divine power made him whole; but
that the power of God and the faith of the
man co-operated for his healing. The
nine others also had faith and were
healed. And as Jews under the law
covenant, they might have had more
grounds for asking forgiveness and heal
ing than had the Samaritan.
Ten Healed—Where Were the Nine?
Jesus called public attention to the fact
that ten were healed, but that only one
had returned to give glory to God. True,
He had not asked them to come back
and acknowledge the divine power that
whought through Him. True, they did
what He told them to do—went and
showed themselves to the priest—no more,
going then about their business.
The preaching of Jesus and the Apostles
is in strong contrast with much of the
preaching of evangelists, revivalists, etc.
Never did Jesus and the Apostles urge
worldly people to become disciples of
Christ. They merely preached, or de
clared, certain 4?reat facts, and accepted
those who were influenced by those facts.
They reasoned of six*, of righteousness
and of a coming time of decision, or
judgment, and left the matter with the
individual conscience. They told that
those who forsake sin and turn to God
may have forgiveness and reconciliation
through the merit of Christ’s blood. They
told of a high, or heavenly, call for all
such penitents who would consecrate their
lives wholly to the service of God, truth
and righteousness, willing to endure hard
ness as good soldiers.
The point we make Is that, acordrlng to
the Bible, no nttenlpts were ever made
by Jesus and His apostles to obtain re
cruits for the army of the Lord by a
"hip-hip-hurrah" process. We are not
criticising others, but merely calling at
tention to facts which should have much
to do with the guidance of all of God’s
people who seek to know and do His will.
A Revival Is in Order
Many Christian people hold that we are
living today in a time of crucial trial as
respects those who have made a cove
nant with God. They believe that we are
nearing the time when the church, the
body of Christ, will be received by the
Lord In the resurrection change. As the
apostle wrote. "We must all bo changed, i
In a moment, In the twinkling of an eye;" I
for "flesh and blood cannot inherit the I
kingdom of God," and the call of the gos
pel age has been to the finding of those
who are to constitute Jesus' associates
In His kingdom and glory
Of the Jews Jesus said, In the time of
testing In the end of their age. "They
knew not the time of their visitation.”
Only the comparatively few were In the
heart condition of nearness to Qod which
enabled them to understand the character
of the times and the change in progress.
The thought Is that a similar change l.«
upon us now. which Is being discerned
by thnse whose "eyes of understanding are
opened.
The Samaritan in our lesson seems to
represent a class of grateful followers of
the Lord who seek to give Him golry In |
their words, thoughts and dooings, while
the majority of those who have similarly
received His faevor pursue the ambitions
and pleasures of the present life. Neg
lecting to take the path which the Master
trod, they will not reach the glory, honor
and immortality which He attained and
to which He has called this class. A
lower place must be for them. In a little
while, according to the Bible the glories
of the kingdom will be revealed to an
astonUhsed world, but the glories of the
present condition of affalra will fade
away.
The true wisdom that cometh from
above was manifested by our Savior, who
counted not His life dear unto Him. who
freely Tngde Himself of not reputation
that He tntght do the Father's will, and
who Is now highly exalted as a reward.
8t. Paul expressed the same thought,
saying that he counted all things but loss
that he might win a place In the body of
Chrlat—the church In glory beyond the
veil. Great as will be the blessings of
ths mlllenlal kingdom to the world, the
blessings which the church will receive
will be transcendently better.
Give Both a Chance
From Judge.
Urbue—“They ought to get up a show
consisting of the last act* of the vari
ous plays in town, for the benefit of
your suburbanites who have to leave
early to catch the last train home."
Suburbus—"I don’t think It’e any more
needed than a show consisting of the
first seta of the same plays, for the
benefit of you city people who havo to
coma In late because you won’t dins
earlier.
COTTON MARKET IS
UNSETTLED FRIDAY
_
Heavy General Realizing
Responsible — Weather
Conditions no Better
New York. May 29.—The cotton market
was unsettled today as a result of heavy j
general realizing, which was doubtless i
promoted by the tendency to take profits j
for over the holiday, and the govern-!
ment’s crop report on Monday. Weather
conditions showed no Improvement, how
ever. and offerings were absorbed by the
covering of recent sellers or fresh buy
ing, with the market closing steady at a
net loss of 7 to 18 points.
Cables were lower than due, while the
showing of the early weather may en
couraged private predictions of clearing
conditions in the southwest over Sunday.
Private crop reports issued before the
opening made rather a more favorable
showing than the figures published earlier
In the week, and this also probably in
spired some of the heavy earlier offer
ings.
The market opened at a decline of 20
points on June and of 9 to 15 points on
later months. Liverpool was a heavy
seller here, presumably against pur
chases in the English market, hut offer
ings were well taken around the initial
decline, and prices rallied some 5 or 6
points from the lowest. May. In fact,
recovered from the opening decline to
last night’s closing price and went out
at midday still commanding a premium
of more than 100 points over July.
The balance of the list met continued
heavy southern and local realizing, how
ever, and at one time during the after
noon ruled about 16 to 20 points under
yesterday’s closing figures. I^ater rallies
were attributed to bad weather reports
from the southwest and covering by early
sellers for a reaction.
Three private condition reports were
issued, one making the condition of the
crop 78.2. another 77.5 and the third 75.6.
The government report to b'e issued at
noon on Monday will compare with a
condition 79.10 last year and a 10-year,
80.4 per cent.
Port Movement
New Orleans: Middling, 1344c; re
ceipts, 753; exports, 11,577; sales, 300;
stock. 123,251.
Galveston: Middling, 1344c; receipts,
1522; exports, 10,095; sales, 2257; stock,
131,328.
Mobile: Middling, 1344c; receipts,
3093 exports, 301; sales, 50; stock, 11,
958.
Savannah: Middling, 13 44c: receipts.
1987: exports, 602; sales, 1101; stock,
62,087.
Charleston: Middling. 13*£c; receipts,
95; exports. 50; stock, 4892.
Wilmington: Nominal; receipts, 3;
stock, 14,452.
Norfolk: Middling, 1344 c; receipts,
387; exports, 1326; sales, 767; stock, 20,
503.
Baltimore: Middling, 14c; receipts,
449; stock, 3243.
Boston: Middling, 14.60c; receipts,
315; stock. 10,398.
Philadelphia: Middling, 14c; stock,
1525.
New York: Middling, 13.76c; exports,
970; stock, 122,201.
Minor ports: Receipts, 1156; exports,
1045; stock, 3565.
Total today: Receipts, 9822; exports,
25.965; stock, 614,403.
Total for week: Receipts, 61,758; ex
ports. 127,167.
Total for season: Receipts, 10,091,940;
export, 8,426,422.
Interior Movement
Houston: Middling. 13 13-16c; receipts,
1118; shipments. 3115; stock. 69,184.
Memphis: Middling, 1344c; receipts, 683;
shipments, 2320; sales, 200; stock, 69.184.
Augusta: Middling, 14V4c; receipts, 15;
shipments, 231; stock, 23,706.
St. Louis: Middling, 13%c; receipts, 869^
shipments, 819; stock, 24,994.
Cincinnati: Receipts, 989; shipments,
908; Ptock, 18,836.
Little Rock: Middling. 13.18c; receipts,
157; shipments, 150; stock, 32,143.
Total today: Receipts, 3831; ehipments,
7633; stock, 212,750.
Hester's Weekly Cotton Statement
Comparisons are to actual dates not
to close of corresponding weeks:
In sight for week. 63,000; same seven
days last year, 75,00: same seven days
year before, 86,000; for the month, 267,
000; same date last year, 297,000; same
date year before, 247,000; for season,
14,062,000 same date last year. 13,422.
000; same date year before, 16,386,000.
Port receipts for season, 10,092,000;
same date last year, 9,637,000; same date
year before last, 11,757,000. Overland to
mills and Canada for season, 1,101,000;
same date last year, 1,040,000; same date
year before, 1,202,000. Southern mill
takings for season, 2.681,000; same date
last year, 2,626.000; same date year bo
fore, 2,293.000. Interior stocks in excess
of September 1, 188,000; last year, 220,
000; year before, 3 33,000. Foreign ex
ports for week, 93,000; same seven days
last year, 105,000; for season, 8,426,000;
same date last year, 8.060,000. Spinners'
takings and Canada for week, 29,000;
same seven days last year, 25,000; for
season, 2,377,000; to same date last year,
2,438,000.
Statement of spinners’ taking of Ameri
can cotton throughout the world:
This week, 179,000: same seven days last
year, 218,000: same seven days year be
fore, 207,000; total since September 1, 12,335,
000: same date last year, 12,120,000; same
date year before, 13,151,000.
Total vtslh'e this week, 4,719,000; last
week, 4,925,000; same date last year, 4,197,
000; same date year before, 4,108,000; of this
the total American this week is 2,782,000;
last week, 2,898,006; lost year, 2,853,000; year
before, 2,025.000; all other kinds this week,
1.937.000; last week, 2,027.000; last year,
1,544,000; year before, 1,140,000; visible In
the United States this wenk, 794.000; this
date last year, 677,000; visible In other
countries this week 3,925,000; this date
last year, 3,521,000.
Weekly Cotton Review
New York, May 29.-There has been an
advance In the cotton market during the
past week, with all positions making new
high ground and most of them new high
records for the season, on covering of
shorts and a broadening speculative de
mand.
May contracts sold as high as 14.45c be
fore final maturity, or $14.75 per bale
above the recent low record, while De
cember advanced to !2.S8c. The upward
movement has undoubtedly reflected a
scare over the new crop outlook, owing
to continued wet weather in the south
west, while there have also been many
complaints of drouthy conditions, or low
night temperatures east of the river, and
apprehension of a short yield would seem
to have developed coincidentally with In
creasing confidence in continued large
world's requirements.
Realising was very heavy above the
12V4c level, and became active enough to
cause reactions of some 20 to 27 points
from the best towar» ttie end of the
week, when part of the heavy selling
was probably In the way of realising for
over the holiday tomorrow and the gov
ernment report which Is expected at noon
on Monday.
Private condition reports have shown a
considerable divergence of opinion, but all
of them have been under last year's esti
mate, while advices from the southweit
have Indicated unfavorable conditions
since the data for the government re
port were sent to Washington last Mon
day, and complaints from the eastern
belt have recently been more numerous.
The talk In some quartern, however,
has indicated expectations of a rapid lm
AT 31-4GA0VANCE
Buying Millions of Bushels
of May Corn Sends the
Prices Upward
Chicago. May 29.—Instead of short sell
ers of wheat being subjected to a squeeze
which had been predicted today in the
final settlements at the end of the crop
year, the big flrmv that w'as in a position
to twist prices upward went to unusual
lengths to ease difficulties for wheat
dealers and itself was caught short In
corn. The real flurry was in corn, which
closed for May at an advance of 3%c,
compared with last night, but otherwise
virtually was unchanged. Wheat fin
ished %®%c to %c net lower, oats l%c
down to %e. up, and provisions lOo off to
a shade advance.
The chief owners of wheat supplied
May option freely to all bidders and also
accepted as valid delivery wheat on track
here, against trade rules. The price was
about 7 cents higher than a year ago.
Buying of a million bushels of May
com by the principal short, the firm that
was In control of wheat sent prices for
may upward. The great bulk of the buy
ing. however, was not at the extreme ad- ,
vance, and the net loss. If any, was not |
such as otherwise would have attracted
attention.
Oats settled without any abnormal Inci
dent, and provisions, too, ended the month
peacefully.
Future quotations were as follows:
Wheat— Open. High Low. Close.
May ..... 99% 99% 98% 99~
July . 87% 87 86% 86%
Corn—
May . 70% 74 70% 74
July . 67% 68% 67% «7%
Oats—
May . 40% 40% 39 39
July. 39% 39% 39% 39%
Pork—
July .19.80 19.82 19.72 19.72
Sept. ..'..19.60 19.70 19.60 19.62
Lard—
Julv. 9.67 9.72 9.87 9.70
Sept. 9.85 9.87 9.85 9.87
Ribs—
July .11.07 11.10 11.02 11.05
Sept.11.12 11.15 11.10 11.10
Kansan City Grain
KansftB City, May 29.—Wheat: No. 2
hard. 90t»@91c; No. 2 red. 91c. Corn: No. 2
mixed, "OJpTOHc: No. 2 white, 71V4®T2c.
Date: No. 2 white, 40\ift4U4c; No. 2 mixed,
40c.
St. Louis Grain
8t. Louis, May 29.-Wheat: No. 2 red,
96096c; No. 2 hard, 93097c. Corn: No. 2, 71c;
No. 2 white. 72073c. Oats: No. 2, 40@40Hc;
No. 2 white, 4OH041HC.
New Orleans Rice Market
New; Orleans, May 29—Rough Honduras
and Japan and clean Honduras rice la
steadp; clean Japan Is strong. Quote:
Rough Honduras, 1.6004.60c; Japan, 1.600
3.26c: clean Honduras, 4^06V4c; Japan,
2%03^c. Rice, polished, per ton, $260*27;
bran, per ton, $17(018. Receipts: Clean,
1692. Sales, 806 pockets clean Honduras at
Boston Wool Market
Boston, May 29.—A business speed
ed up this week and buyers have taken
a considerable quantity of new terri
tory wools as well as some further
quantities of foreign fine and cross
bred wools at hardening prices. Man
ufacturers are In need of wool to cover
orders and are forced to pay the price.
Missouri % blood. 25025V6c; quarter
blood. 26; Kentucky and similar, half
blood unwashed, 260 26c; blood, un
washed, 26027; scoured basis, Texas
fine, 12 months, 68060c; fine 6 to 8
months, 53066c; fine fall, 48050c.
Society
(Contioiied from Page Six)
Alexander, Mr. K. C. Parke, Mr. A. J.
darner, Jr., Mr. Grady Bowlin. Mr. Frank
Inscho, Mr. J. W. Stone, Mr. Phil Gar
ner, Mr. Wimberly Oliver, Mr. Kenneth
Hammond, Mr. Randolph Weaver, Mr.
Virgil Hammond, Mr. P. Z. Huddleston,
Mr. A. F. Speer.
ANNOUNCEMENTS
The Gills' Culture club of East Bir
mingham will meet with Mrs. W. B.
Glaze Saturday afternoon at 2 o'clock on
the Playgrounds.
• • •
Mrs. A. J. Kennedy will entertain this
afternoon at her home In East Birming
ham In honor of her little son, Andrew
Kennedy.
• • •
The Matrons’ club will meet next Fri
day with Mrs. Frank Lacey In Pratt
City.
• • •
The ladles of Mrs. Coffman's mlsslon
iry band will serve Ico cream and salad
Monday evening from 8 to 10 o’clock for
:he benefit of the Walker Memorial
ihurch. It will be served at the home
if Mrs. Coffman, 602 Princeton avenue,
(Vest End.
SOCIETY BRIEFS
Miss Elizabeth Davis Is expected home
lune 3 with the Sweetbrlar college girls.
• • •
Mrs. W. B. B. Davis Is the guest of
Or. and Mrs. Mayo In Rochester, Minn.,
vhere she will bo until the second week
n June. She will return here at that
:lme and remain for eome time before
jrovement In eastern belt orop prospects,
ihould the weather Improve tn the near
future, and there has probably been
some selling on that theory as well as
>n an Idea that the advance had checked
:rade demand and had been sufficient to
llscount a low June bureau.
Liverpool Cotton Market
Liverpool. May 29.—Spot cotton easier;
rood middling, 8.32d; middling, 7.70d: low
middling, 7.22d. Sales, 10,000 speculation
ind 500 export; receipts, 10,300.
Futures steady; June, 7.32d; June-July,
r.lBd; July-August, 7.14'Ad; August-Bep
temher, 7.02d; October-November, 8.73d:
December-January, 6.84ttd; January-Feb
ruary, 6.64tid; March-Aprll, 6.66d.
Noon official closing: May, 7.32d value;
May and June, 7.32d value.
Dry Goods Market
New York, May 29.—Cotton goods
markets were steady today. Yarns were
lulet. Linens for fall have been sell
ing better. Burlaps were-quiet. Under
wear and hosiery are In better demand
for Immediate shipment. Many special
tales were announced by Jobbers for
next week.
Hubbard Bros. & Co.’s Letter
New York, May 29—(Special.)—The Eu
ropean markets accepted the condition es
timate of the Journal of Commerce and
Miss dies as giving a decidedly better
condition of the crap than they had been
led to believe by the private advices.
This led to heavy Belling for continental
account and to arbitrage selling here
which with a moderate amount of realis
ing for local aecount brought a decline
at from 10 to 13 points. V
As we will bo closed for Memorial Day,
the tendency has been to reduce engage
ments, especially as the bureau report
■rill be Issued on June tr Notwithstanding
the decline abroad, the feeling continues
bullish though, tbeso condition reports
are larger than expected,
going to North Carolina for the sum
mer.
• • •
Mis* Elisabeth Hchober of Pine Bluff,
Ark . Is the attractive guest of Mrs. C.
M. Williamson. Hhe was a member of
one of the Interesting luncheon parties
yesterday at the Newspaper club, com
posed of Mrs. Williamson, Mrs. Davidson
and her guest, Mrs. Warfield, of Colum
bia, Tenn.. and Miss Schober.
• • •
Mr. Charles C. Washburn of Nashville
spent several days In the city this week
and was the guest of friends yesterday
at luncheon at the Newspaper club and
left.
• • •
Miss Dunbar Avirett left yesterday for
her home in Cumberlajid. Md , after
spending the winter with Mrs. Flournoy
Rivers.
• • •
Miss Mattie Ashford and Miss Anna
Wilson arrived yesterday afternoon from
Decatur to visit Mrs. T. T Ashford and
Mrs. Robley Munger. Both are delight
fully remembered in society here. Miss
Wilson, who Is a Roanoke, Va., girl, was
the center of a series of interesting hos
pitalities during a visit to Birmingham
several weeks ago.
• • •
Mrs. J. P. Dedman of Oneonta 1, vis
iting her son. Mr. Harry Dedman. In
East Birmingham.
Mrs. J. T. Thornton*of Thorshy, who
has been tho guest of Mrs. H. o. Wat
tlington In East Lake, has returned to
her home.
• • •
Prof, and Mrs. J. B. Hoekett left East
I .aka yesterday for a month’s stay in
Missouri.
Rev. and Mrs. tl. *W? Bouldln ars the
guests of relatives In south Alabama
prior to sailing for Japan for an ex,
tended stay.
• • •
Miss Laura Holmes, who has been
visiting Miss Mabel Beasley In East
Lake, has returned to her home In
Montgomery.
* • •
Mrs. J. M. Whitfield of Malone. Fla.,
Miss Charity Ward of Hartford, and
Mrs. Holmes of Montgomery have re
turned to tlietr respective homes after
being the guests of Mrs W. C. Cald
well In East Tske.
* • a
Miss Cassis Hancock of West Hind
left Thursday for a visit of sevsral
weeks In Nashville before going to her
future home In Texas.
• * •
Little Ralph Fitzgerald Is recovering
from a serious Illness at his horns in
West End.
* • •
Mrs. E. J. Mchaffey of Opelika Js the
guest of Mrs. W. P. Young In Pratt
City.
Mr. and Mrs. Thomas Wilson have
moved from Wylam to Pratt City.
• • •
Mrs. Huett Walker of Wylam Is vis
iting relatives In St. Paul, Minn.
• • •
Miss Frankie Ensor will leave today
for her home in Troy aftor spending
the winter with Mrs. J. W. Minor of
Ensley.
• • •
Mrs. W. J. Mitchell and children of
[Talladega Springs are the guests of
Mrs. Price Dickens on Ensley High
lands.
• • •
Miss Ethel Parram has returned to
Eutaw after a stay with Mrs. Perry
Parram of Ensley.
* • •
Miss Virginia Hungerford of Union
town is the guest of Mrs. Louts Suydam
in Avondale.
• • •
Mrs. Frank Shlels of Selma Is vis
iting her sister, Mrs. James Wilson,
of Avondale.
• • •
Mr. and Mrs. B. F. McCool of Avon
dale have MaJ. R. B. Steagall of Chat
tanooga as their guest.
• • •
Mr. Jesse Pair has returned to his
home In Jacksonville, Fla., after a stay
with his mother, Mrs. John Pair, in
Avondale.
Miss Alleen Olass has returned from
Athens, where she was & student at
school during the past term.
• • •
• Mrs. H. G. Braxton will arrive Mon
day from Raleigh, N. C., to be the guest
of her parents, Mr. and Mrs. E7. B. Pen
nington.
• • •
Miss Ruby VanHooser of Florida Is
spending a few days with relatives In
Norwood.
• • •
Miss Ia Trieve Hail has corns home
from Judson college at Marlon.
• 9 •
Miss Willie Heldt and Miss anther
Heldt of Murpheysboro. Tenn., are visit
ing their aunt, Mrs. Willie Heldt, In
Wood lawn.
• • •
Mrs. E. S. Meaiathery has returned to
Woodlawn after a visit to relatives In
Tuscaloosa.
• • e
Mr. and Mrs. ,T. 8. Clopfelter of East
Birmingham have named their little
daughter Josephine Clopfelter.
• • •
Mr! and Mrs. J. A. Kern have returned
to East Birmingham from a stay In
Texas. |
• • •
Mrs. Bamuel Andrews of Heno Is Hie
guest of her parents, Mr. and Mrs. J. P.
Edwards, In Pratt City.
• • •
Mr. J. Pulton and daughter, Miss Effl*
Pulton of Saginaw are visiting Rev. and
Mrs. Ia P. Goodwin In Inglenook.
• • *
Mrs. R. C. Whit* has returned to Mo
bile after visiting Mrs. B. W. Pinch of
Inglenook.
• • A
Mr. W. T. Blair of Inglenook Is ill at
McAdory’s Infirmary.
• • •
Miss Esther Kendricks has returned to
her home In Pratt City from Judson col
POULTRY AND EGG
Demand for Fryers Especi
ally Good—Prices Are
Generally Firm
The Birmingham poultry and egg
markets have shown a tendency for
the past few days toward decided ac
tivity. The local demand Is becoming
heavy, but supplies thus far have
proven adequate and receipts for the
coming week are expected to be large
and plentiful. The demand at the prei^
ent time Is especially good for fryertVk
but as the season for frying chicken
advances supplies are becoming mortt
abundant. Poultry and egg prices, how.^
ever, remain practically unchanged,
demand and supply being w*ell bal
anced.
Meat is also In good demand and
prices for the most part remain un
changed, though salt meat quotations
for the last few days have shown a
tendency to fluctuate.
Shipments of home raised vegetables
and berries have now begun to slack
en somewhat, this being attributed to
tho hot dry weather now prevailing.
LOCAL QUOTATIONS
The Iron Market
E .Mum
*£ ..
•F . 10.50
Gray Forge .i&oo
18 ...11.10
>8 .-.U.00
Local Cotton
Strict good middling ....14
Good middling . 13\
Strict middling .
Middling . 101,
Strict low middling . 12^
Poultry and Egg,
Hens, per pound, HVic; fryera, 1\&
1H lb». average, 30c; ducks, 15c lb.;_.
guinea,. 30c; roosters, 30c; geese, 40c to Go
each; live turkeys. 20c lb.; dressed tur
keys, 24c; eggs, fresh country receipts.
19c; candled, 20c; extra graded candled
carton eggs, 22c.
Fruits and Produce
Winn sap apples, box, *8; Oano apples,
box $2.60; Missouri Pippin apples, box,
$2.76. Limes, per 100, $1.35. Lemons, box,
860, $4. Florida grapefruit, $4(06. Califor
nia oranges, crate, $8.60. Pineapples, crate,
$3. New Irish potatoes, $1.60 per ham
per; tomatoes. $2.6003 crats; cabbage, 2740
lb; celery, orate, $2.60; squash. crate, $2;
bananas, per bunch. $1 60@l,75; peanuts)
No. 1, 7c lb.; new crop red and yellow
onions, 4c lb.; imported onions, crate, $2.26
cucumbers, per crate. $2: snap beans, $1.M
crate; strawherries,$2®2.60 crate.
Creamery Product!
Country butter, 20085c; fresh creamery
butter, 80c; procese butter, 26c; cheeee,
1874c; imported Swiss cheese, 31c; German
brick cheese, 20c; ltmburger cheese, l#o;
Imported Knquefort. 85c; Neufchatei
cheese, per doten, 48a; Pimento cheeee.
$1.86.
Meet
Lard, ll'ic; compound, 874c; dry ealt
short ribs, 12.75c; bellies. 18.*>c; ham
butts, 16.60c; Boston butte, 1774c; pork
loins, 18c; spare ribs, 13c; breakfast bacon '
27028c; smoked bacon, 17c; regular ham)
18c; skinned ham, 18%c.
Fiah and Sea Fooda
Red snapper, 10c; gray enapper or
groupers, 6®6c: Spanish mackerel, 16c In
bbl. lots; fresh water breams, *140;
Pompano. 2Sc; blue ilsh, 8c; roe shad,
none; red baas, (H»c; mixed fish, 7*4c;
small, 12>4®'16c. Shrimp. 10c lb. Perch,
white, 614c.
Flour and Breadstuff*
Self rising flour, >5.26; Tennessee flour,
$6; pure wheat ahorts, $34; pure wheat
bran, $33; C. S. meal. 1% per cent. $30; C. v
feed meal, per ton, $26; C. S. hulle, >11
ton; No. 1 timothy hay, per ton. $24;
mixed alfalfa and Johnson grass, per ten.
$22. C. S. hulls, $13 ton; Johnson grass;
per ton, $18; mixed feed, $34; oats. 66c bu.;
corn, 88c; cornmeal, $1.80 per 96 lbs. New
crop alfalfa, $23.
Montgomery Market
Montgomery, May 29.—(Special.)
Spot cotton was quoted here today as
follows. Strict middling, IS 15-16c;
middling, 18%o; strict low middling*
LSVfcc; low middling, 12Mio.
Selma Market
Selma, May 29.—(Special.)—Spot cot
ton In the .Selma market today wai
quoted as follows: Good middling,
L14Hr, strict middling. 1414c; middling,
14c: strict low middling, 1316c; low
middling, 18c.
lege in Msrlon. She has Miss Charlotte
Parks of Anniston, S. C., as her gtsest.
• • •
Mrs. J. M. Stephenson of Ixralwfll#,
Ky., Is visiting relatives in Pratt City.
• * •
Mrs. C. F. Hollums, Mrs. C. T. Smith
and Mrs. M. A. Woods were the guest#
of Mrs. M. II. Bennett In West Pratt
yesterday.
__ _ SCHOOLS AND COLLEGES_
"POINT A TT college conservatory
JjXV-JlVTN U GAINESVILLE, GA. P. 0. Box 27
Located among the foothills of the
Blue Ridge Mountains, famous health
resort. College of fled rank; Con
servatory In affiliation. Special courses
in music, art, oratory, domestic
science. Average expense, srtiol—tin
year, |3N. Summer term, SM. Stu
dents from 30 states. Summer
June 30. Fall term Sept. 13. Complete
story In illustrated catalog on request.
Drs. Dozier
& Dozier
Specialists
a&rsri&fc s™»£"»r«s
treats scientifically chronic, ner
vous. blood, skin, genlto-urlnary and
female diseacem also cancer, scrofula,
rheumatism and morbid conditions of
the heart, lungs, liver, kidneys and
pelvic organs of men and women; and
by reason of long experience, modern
methods and excellent facilities, ef
fects cures In as short time as possible
and with moderate expense to patients.
Persona who need glasses or who
have any trouble with their eyes, ears,
nose or throat, are cordially Invited
to visit our offices and be examined
without charge. The removal ofAde
nolda, Poilpl. and the skillful extir
pation of dlseassd tonsils, and the sci
entific treatment of maladies of the
By* Ear. Nose and Throat Is a pro
nounced feature of our most susses
ful work.
Established In Birmingham, April. 11(0 (nearly tl years ago) and Is one Of
the best equipped medical Institutions In Alabama.
We make no charae for consultation and examination.
We furnish medlolnes without extra charge, and alee our patients the bene
fits to be derived from X-Rays. Violet Rays, Rur— >'*•> -1-'-—
and Nebulised Inhalations and everything that
.p.^ cur^ouraPaUrota^an ^ .
oaltt^ administeredj>y^ us. ^ ^ mvmm
kfitt_______HI