The Birmingham age-herald. [volume], November 17, 1914, Page 9, Image 9

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

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L FEDERAL RESERVE
SVSTEMFEATURE
Reopening of Cotton Ex
change Also Influences
Financial District
•
New York, November 16.—Inauguration
£ of the federal reserve system and the
formal reopening of the cotton exchange
and the curb market were outstanding
ft factors of influence in the financial dis
trict today. From all accounts the new
banking laws were put into effect at all
of the 12 regional centers with, a mini
mum of confusion. The Importance of
this undertaking may be judged from the
fact that the new By stem embraces more
than 75000 institutions, having aggregate
capital and surplus of $1,780,000,000, and de
posits of $7,292,000,000.
These new conditions found direct re
% flection, not only in improved sentiment,
but in an increased demand for invest
ment securities at prices generally higher
than those recorded since July 30 last. In
I the unofficial market some active stocks
were quoted at figures close to the final
|| prices of that day.
Bond and note dealers reported a larger
•'over-counter” business and orders from
out of town were declared of greater vol
ume. Some important financial interests
were negotiated for municipal and state
Scans on a 5 per cent basis and new
financing by prominent railways was said
to be under consideration. There were the
usual rumors of forthcoming foreign
loans, none of which materialized.
Exchange on London was decidedly
| Easier as a result of freer offerings and
absence of bids. No further change in
rates for long time domestic loans and
commercial paper was noted.
In several linps of industry, notably
fiteel and iron, there were signs of better
tnent.
Mercantile Paper
New York, November 16.—Mercantile
Saper, 6*4@59ic; sterling exchange weak;
►-day bills, $4.85; for cables, $4.88; for de
mand, $4.87.35. Bar silver, 4S%c.
Live Stock Market
Kansas City, November 16.—Hogs; Re
ceipts, 20,000, higher; bulk of sales, $7.60©
i 8; heavy, $7.75©7.85; packers and butch
ers, $7.70©*.10; light, $7.50©*; pigs, $7©8.
Cattle: Receipts, 15,000; higher; prime
led steers, $10@U; dressed beef steers, $8©
Si 9.75; southern steers, $5.50©7.60; cows, $4.50
©7.26; heifers, $6.75©9.2o; Stockers, $6©8.
Sheep: Receipts, 6200; strong; lambs,
| *S.26©9.25; yearlings, $6.50@7.50; wethers,
$.50©t».50; ewes, $5.25©>6.
f St. Louis, November 16.—Hogs: Re
ceipts, 7000; lower; pigs and lights, $6.50©
7.85; mixed and butchers, $7.45©7.90; good
heavy, $7.55©7.90.
\ Cattle: Receipts, 9900; steady; native
beef steers, $7.60@10.75; cows and heifers,
$5@9.25; Texas and Indian steers, $5.76©
7.75: cows and heifers, $4©6; native
i s, $6@11.
^ ep: Receipts, 2600; steady; native
j,j ons. $4.75©5.90; lambs, $8©9.2o.
j cago, November 16.—Hogs: Receipts,
; unsettled; early advance of 40©
alf lost; bulk of sales, $7.50©*; light,
. |>7.90; mixed, $7.40©*.06; heavy, $7.35©
High, $7.30©7.45; pigs, $4.50©6.50.
:tle: Receipts, 7500; irregular; opened
ig to 50c higher; advance lost; beeves,
| ®ll; steers, $5.60©9.30; cows and helf
$3.80©9.50; calves, $7.50©U.25.
Dep: Receipts, 22,000; lower; sheep,
1 &6.60; yearlings, $6.60©7.65; lambs, $7
j Metal Market
w’ York November'it>.—Tin steady;
I . $33.25034.50. Electrolytic copper
' • 11.750,12c. Iron quiet; No. 1 northern.
5014.75: No. 2, $14014.60; No. 1 south
$14.25014.7*; No. 2, $14.25014.75. At
don: Tin, £139. Copper, £52 17s 6d.
Coffee Market
bw York, November 16.—Coffee showed
tinued steadiness today, although trad
1 was generally quiet. Two steamers
! n Brazil with about 96,000 bags helped
assortments. Brazil, however, was
Bring little coffee in the cost and
ight market, while the weekly figures
ected an increasing business from Eu
e in the primary markets, and notwtth
nding a small demand the spot market
i 'e was steady at 6>4o. for Rto 7's and
I lC for Santos 4’e. Sales of old contracts
...rough the liquidating committee
amounted to wily Ifj.Ofu) bags. March closed
5.8606.90c; May at 606.10c, and July at
6.7506.86c.
Cotton Seed Oil
New York, November 16.—Cotton seed uil
was quiet with deliveries other tliah Feb
t ruary closing 2 Jo 6 points net lower, due
to the disappointing action of the cotton
market and lack of outside demand. Sales,
6200 barrels. Crude is offered sparingly.
Prime crude, 4.2704.Me: prime summer
yellow spot and November, 5.30c; Decem
ber, 6.35c; January, 5.52c; February, s.68e
March, 5.80c; April, 5.88c; May, tS.03c; June,
•,10c. Prime winter yellow and summer
white, 6.50c.
i New Orleans Rice Market
New Orleans, November 16.—There was
a fair demand for rough Honduras rice to
day, the market being at an advance.
Clean Honduras and both grades of Japan
were very steady. Quote: Rougli Hon
duras. 2.1503.85c; Japan, 2.250 3.16c; clean
Honduras, 9®6c; Japan, 2H0’S%c. Rice,
■ polished, per ton, $2527.50; bran, per ton,
114016c. Receipts, rough, 16.897; millers,
16,261; clean, 740. Sales, 300 sacks rough
’ Honduras at 3.10c; 371 sacks Japan at 3.360
3.60c; 2514 pockets clean Honduras at 2140
♦74c; .4675 pockets. Japan at 2(j3*ic.
Sugar Market
New lock. November 16.—Raw sugar
steady. Molasses, 3.:}6c; centrifugal, i.01c
refined.steady; cut loaf, 6c; crushed, 5.90c;
Mould A. 5.55c; cubes, 5.35c; powdered,
6.25c; fine granulated. 6.10c; Diamond A
6.10c; confectioner s A. 5c; No. 1. 4.83c.
Naval Stores
Savannah, November ]«.—Turpentim
nominal, 4514c; no sales. Receipts, 347
Rosin nominal. Receipts. 1273. Quote: B
$3-50; D. $3.5214; E, F. fi, H and I, $3.55
Iv, $4.16; M, $4.30; N, $6; \V(;, $6,25; W1V
$6.35.
Naval Stores
Savannah. November 16.—Turpentine
firm. 45c; sales. 201; receipts, 347; ship
inents—air; stocks, 31.407. Rosin firm
tit salce^j^p .receipts, 1273: shipments, 382
n stock7rJ18,548. Quote: A, B, $3.40; C, D
*3.45; E. $3.50; F, $3.53; G, S3.6l.l- H $3 65
I. $3.8.3; K, $4.80; -VI. $4.80: X, 3.45; WG, $5 75
WW. $6.
| • ,, Montgomery Market
Montgomery. November 1C.—(sp*
cu*l.>—Spot cotton- was quoted her<
today as follows: Strict middling, 7%c;
^middling. 7V»c: strict low middling,
6*Vc; low middling. G'sC; steady.
I Selma Market
Selma. November 16.—(Special.)
S;»ot cotton in the Selma market was
quoted today as follows: Good mid
dling. 79gc; strict middling, 7 7-16c;
middling, 7*4c; strict low middling,
®uiec; lo4v middling, 6Jic.
Hubbard Bros. & Co.
totton Merchant**, Hanover Square, N,
Y. Members New York Cotton Exchange
New Orleans Cotton Exchange. New
York Produce Exchange, Associate
Uom Vwara T lunrnnnl Aomsln*'
_LOCAL SECURITIES_
! F. & L . 4 49 56
Amer. C. Rys.. pfd .. 6 64 67
Amer. C. Rys. 30 60
Amer. T. & Sav. Bk.. S 170 180
Avondale Mills, com... 8 100 116
Avondale Mills, pfd ..8 100 108
Bessemer C. & L.. .. 50
B[bani T. & s. .10 250 275
B'fcam Baseball Asso.. 140 170
B'kam Realty Co. 4 160 176
Chant, of Com. pfd .... 7 70 80
Com. Bank & T. Co. .. SO 80
[Corey Land . 66 75
East Lake Land.. 60 75
I Elmw ood Cem. Co. 4 80 80
Empire Im„ ptd .8 105 108
Empire Imp., com. 8 70 86
Ensley Land . 110 125
First Nat. Bank .12 260 260
Great Sou. Life . 0 11
Interstate Casualty .. 1 8
Jeff. Co. S. Bank.• 160 185
Jefferson Fertiliser .. • 106 120
M. & M. Bank . 6 126 lf6
North B’ham Land .. 16 22
Ptolectlve Life ....... 10 15
Realty T. Co., com .. 6 100 110
Realty Tr. Co., pfd ..8 100 110
Bou. States Fire . • 1
Traders Nat Bank ..9 150_1^65
WEATHER BRINGS
BRISKER TRADING
Increasing Demand for
Fresh Meat—Price of
Hens Down 1 Cent
Coid weather is having a stimulating
effect on trade in the wholesale dis
trict, and business on Morris avenue is
increasing all along- the line. Packing
house representatives in Birmingham
are becoming optimistic because of the
increasing demand for fresh meats, and
it is stated that sales were particular
ly satisfactory last Saturday and yes
terday.
Poultry and eggs are plentiful and
sales are quite brisk. Dealers state that
turkeys are also abundant in the rural
sections of the state and in Tenessee,
but the Birmingham demand has not as
yet developed to such an extent as to
Justify heavy purchases. There was a
reduction yesterday of 1 cent In the
price of hens, the quotation now being
14 cents. Candled eggs, however, were
advanced to 30 cents.
The cotton market is again steady
after another light rise in quotations.
The local quotations for good middling
is 7% cents, an advance of cent over
Friday’s price. v
LOCAL QUOTATIONS
Spot Cotton
Good middling . 7%
Strict middling . 7*4
Middling . 6Tfe
Strict low middling . 6»i
The Iron Market
if . $11.00
2F . 10.50
IF . 10.00
Gray Forge . 9.50
IS . 11.00
2S .10.60
Poultry and Eggs
Hens, 14c.
Live turkeys, 16c; dressed turkeys, 18c.
Fryers—1*4-1% lbs. average, 18c.
Ducks—15c lb.
Guineas—30c.
Boosters—35c.
Geese. 65c.
Eggs—Fresh country receipts, 19@20c:
candled, 24c; extra jgraded candled, 30c;
candled carton eggs. 30c.
Meats
Extra Ribs—12c.
Bellies—30-25c; 33%c.
Boston Butts—I6Vie.
Pork Loins—
Breakfast Bacon—20@23V£c.
Spare Ribs—12c.
Regular Hams—16Vic.
Skinned Hams—17c.
Fruits and Produce
Lemons—$3.50 @4.
Limes—75c @$1.25.
Virginia Cabbage—2c lb.
Northern Apples—Barrel, fancy, $3
#1.50.
Home Grown Lettuce—Per ham
per, fl.
Peanuts—6@7c.
Imported Peanuts—9%c lb.
Egg Plante—$2@2.50.
Pineapples—$2 @2.50.
New Sweet Potatoes—Barrel, $2.
New Irish potatoes—In sacks, 8o@8lc.
Okra—Six-basket crate, $2.60.
Tomatoes—Six-basket crates, $2 50
@3.
O ra n ge s—$2.50@3.
Concord Grapes—4 pounds. 15c.
California Grapes—$2 crate.
Olery—$4.50 crate; 90c do*.
CranberNcs—$7 per barrel.
Fish
Perch—814c.
Salt Water IJrout—10012c.
Blue Catfish—714c.
Red Snapper—81409c.
Gray Snapper—6@6c.
Mullet—614®6c.
Spanish Mackerel—1214c pound.
Fresh Pompano—20025c
Delaware Oysters—Standards, SI. 15 gal
lon; selects, 11.46 per gallon.
Gulf Oysters—$303.60 per 1000.
Creamery Products
Creamery Butter—3208314c; process but
ter, 30c; oleomargarine, 15023c.
Full Cream Cheese—16c; Imported Swiss.
33c; Pimento, doz., 11.33.
Flour and Breadaluffs
'Self-rising flour, $0.25; Tennessee flour.
$5.00; Michigan flour, JO 85; Idaho flour,
$6 93; Indiana flour, $5.90; spring wheat
fleur, $0.40; hard winter wheat flour, $5.70;
shorts, $12; pure wheat bran, $28; C. 8.
meal, 714 per cent, $20; Cremo meal, per
ton. $24; C. S. hulls, $9 ton; No. 1 timothy
hdv, per ton, $24; mixed alfalfa and John
soit grass, per ton, $19; pea green alft Ifa,
western, $24: mixed feed, per ton. *15:
oats, per bushel, 63c; corn, per bushel, 93e;
. cornmeal, $1.95 per 96 pounds.
Hide* and Tallow
Green salt hides, 14016c; green sail
hides (half cured), 13014c; green hides
(fresh). 12013c; dry flint hides, 20027c
dry salt hides, 24025c; damaged hides
half price: sheep skins, 25060c, hors,
hides. $203: Hherllngs, 16025c; goat skins
:10036c; kid skins, 10c; tallow, 506c; bees
■wax. 27®28c; washed wool. 25@27e
clear unwashed wool, 17020c; burry
wcol, 1**012c; ginseng, $4.00®o.00.
CLEMSON FOOTBALL
ELEVEN RELEASEE
Cleinson College, S. C., November IB
The IS members of the Clenison col
lege football team who were arrestee
here yesterday on the charge of hav
ing gone to Richmond, . Va„ without
having obtained permission from tht
proper authorities, were released to
day. —
Cleinson Is a military Institution ant;
the alleged failure of the football plav
ers to obtain permission from the pres
ident of the college and the command,
ant of the cadet corps to leave ths
campus resulted In their detention. Th*
r r-llpir#* a n th nr IH o« nimninioA/l •
Ala. State ret 1(10 .. 4 97 100
Ala. State Renew. 1956 3% SO 90
Ala. State Renew. 1956 4 89 101
E'ham Waterworks .. 6 102 107
Ainer. C. Rye. 5 89 99
Ala. Cons. . 5 78 £0
Bessemer C. & L .... 6 109 106
B. R.. L. & P. 6 98 101
B. R., L. & P.4% 89 91
B'ham Ioe Factory ... ( 100 106
B'ham K. & £.6 ]00 109
B'hair Waterworks ... 6 109 107
City ot Birmingham .. 6 100 104
City of Birmingham ..4 106 10S
Continental Gin . 5 100 106
Jefferson County .... 6 101 104
Jefterson County .... 6 106 110
Jefferson County .... 4% 89 101
Jefferson Realty . g 100 106
Milner Land Co. 6 95 100
Nashville Railway ... 6 100 106
Prott Consolidated ... 6 80 95
Slosc 1. & S.9 100 109
Sloes l. & a . 4% 99 95
T. C. 1. gen. mtg. 6 99 101
T. C. I. Tenn. Dlv. ... 6 101 109
T. C. I. Ship Bldg. ..6 100 194
T C. 1. B'ham Dlv. ..6 100 90S
T. C. I. Cahaba Dlv. ..6 109 104
Woodward Cons.6 100 101
DOWNWARD SWING”
NOTED! WHEAT
Caused by Immense Gain
Shown in the Visible
Supply
Chicago. November 16.—Surprise over an
immense gain shown in the T'nlted States
visible supply gave a downward swing
today to wheat. Closing quotations were
steady, but %®%e to %®%c under Satur
day night. Corn suffered a net loss of %
®l%e and oats of %c to %®%c. In pro
visions the outcome varied from 5c de
cline to an advance of 2%o.
Wheat traders were unprepared for a
’visible supply enlargement of 5,535,000
bushels. The aggregate of the domestic
supply now In store Is the largest In
years. Receipts continued heavy today at
the primary terminals reaching 3,008,000
bushels, as against 1,825,000 bushels last
year.
Important buying of December and May
wheat on direct foreign orders upheld the
market until the final hour.
Colder weather north, which favored
the handling of the new crop, had a bear
ish Influence on corn.
Oats sagged with corn. There seemed to
be something of a let In the call for
cash oats.
Provisions averaged lower. Packers ap
peared chiefly responsible for holding the
market steady.
Future quotations were as follows:
Wheat— Open. High. LowT-Close.
Dec . 1.1474 L15% 1X4% L14%
May . 1.21% 1.21% 1.20% 1.20%
Corn—
Dec . 68 68 67(4 67%
May . 71% 71% 70(4 71
Oats—
Dec . 49% 49% 49% 49%
May . 53% 53% 53% 53%
Pork—
Jan .19.12 19.20 19.12 19.12
May . 19.55 19.62 19.62 19.55
Lard—
.Ten . 10.40 10.45 10.40 10.42
May . 10.60 10.60 10.55 10.65
Ribs—
Jan .10.20 10.27 10.20 10.25
May .10.60 10.55 10.50 10.52
Chicago Grain
Chicago, November 14.—Wheat: No. 2
red, *1.14%® 1.16%; No. 2 hard, 81.14%®
1.15%. Corn: No. 2 yellow, 73%®74%c;
new, 69®70c. Oats: Standard, 49%@49%c.
Rye: No. 2. 81.05%®!.06. Barley. 61®80cs.
Timothy, *3.76®6.2S. Clover, |10@14. Pork,
*17.50. Lard, *11.45. Ribs, *9.87®10.75.
Kansas City Produce
Kansas City, November 16.—Butter:
creamery. 32c; firsts, 30c; seconds, 27c;
packing. 21c. Eggs: Firsts, 27c; seconds,
22c. Poultry: Hens, 12c; roosters, 10c;
turkeys, j|4c.
St. Louis Grain
Sf. Louis. November 16.—Wheat: No. 2
red. J1.09®1.11; No. 2 hard. *1.12@1.13%.
Corn: 'No. 2, 66®67%c; No. 2 white, 68c.
Oats: No. 2, 47%c; No. 2 white, 49%c.
New York Produce
New Yoik, November 16.—Butter weak
er; receipts. 4861; creamery extras (92
score), 35c; creamery (higher score), 35%®
36c; creamery firsts, 30®34c. Cheese steady,
receipts. 426; state, whole milk, fresh, col
ored, specials, 16®15%c. Eggs Irregular;
receipts, 3461; fresh gathered extra fine.
39®41c; extra firsts, 37®38c; firsts, 34®36c.
Dressed poultry firm; western roasting
chickens, 17®20c; fresh fowls, 12%®18%c;
frozen turkeys, 17®22c.
Chicago Produce
Chicago, November 16.—Butter steady;
cieamerles, 24®32%c. Eggs higher; re
ceipts, 4492; at mark, cases included, 20®
29c; ordinary firsts, 28%®27%c; firsts, 28V/!i
29%c. Potatoes steady; receipts, 45; Michi
gan and Wisconsin, 30®45c; Dakota and
Minnesota, 40®>46c. Poultry, alive, higher;
spring, 11%® 12o; fowls, 11c; turkeys, 16c.
TRANSPORTATION
PROBLEM CONSIDERED
Washington, November lb*.—Transporta
tion problems in their various phasaq will
be considered at the twenty-sixth .annual
convention of the National Association of
Railway Commissioners, which will as
semble here tomorrow for a four-day ses
sion.
J.aurence Finn of Kentucky, presi
dent, will preside. The address of wel
come on behalf of the Interstate commerce
commission will be delivered by Acting
Chairman Clements.
FOOD SHIPMENTS TO
BELGIUM NOT STOPPED
Washington, November 16.—Ambassador
Page at London today cabled a denial
of reports that German military authori
ties were stopping food shipments to Bel
gium. The ambassador said there had
been no interference, but that the Ger
man military authorities were assisting.
High Class Men
Who Drink
Are you one of the thousands of lilgh
class men of whom It Is said by custo
mers. employes, friends und associates:
"He is such a good man, It's a shame
that he Is drinking so much?”
You may think you are fooling others
—that Is one of the many strange
"hallucinations" of men who drink con
stantly or periodically. They are only
fooling themselves. If you doubt tha
ease of taking and the effectiveness of
the Neal Three-Day Treatment and the
fact that It will restore your lost
strength, mentally, morally, physically
and financially, aBk us for private ref
erences to high-class men like your
self who have received Its benefits.
Treatment arranged for In your own
home, hotel or club, or In strict privacy
In one of the private rooms of our In
ON OPENING DAY
Big Attendance When New
York Cotton Exchange
Reopens
New York. November 10.—The first day's
business on the New York Cotton ex
change since the outbreak of war last
July was considered generally satisfac
tory. There was not the rush of invest
ment. buying some traders had antici
pated. but neither was there any great
volume of selling here as a hedge against
southern spots, and trading was compar
atively quiet.
In addition to the uncertainty as to
values under war conditions, general busi
ness doubtless was restricted by lack of
familiarity with the new contract.
There was a big attendance at the open
ing and every Indication of enthusiasm.
There was no excitement, and It was soon
evident that the financial arrangements
of the special committee for taking care
of the old contract InteresL had relieved
the trade of all apprehension regarding
the new fluctuations.
December contracts sold below 7 .oOc on
the call, thus passing automatically from
the control of the corporation to the syn
dicate under the agreements recently con
summated, and It was reported that mem
bers of the syndicate were moderate sell
ers on the decline 7.48c to 7.2Sc for that
position. Trading in the later months was
almost entirely confined to new style con
tracts. but prices also eased off In sym
pathy with New Orleans, with January
selling down 26 points and later deliveries
some 15 to IS points from the high level
of the morning. Some early buyers turned
sellers on the decline, owing to the ab
sence of a more active Investment de
mand. and theer was some southern sell
ing which may have possibly been against
spots, although with the exception of Au
gusta, the Interior markets so far us re
ported up to the close were generally
steady. The close was stesdy at the de
cline
New York Futures
__ Open. High. LowT (7i os’i~
Dec old . .... 7.45 7.48 77JS 5
Jan. old 7.75 7.56 7.68 7.311
Jan. new .... 7.85 7.85 7.59 7.5S
Mar. old . 7 60 7.49 7.4C
Mar. new .... 7.85 7.95 7.77 7.77
May new .... 8.10 8.15 7.1'H 7.98
July new .... 7.60 8.20 7.95 8.14
Port Cotton Movement
New Orleans: Middling. 7*»c; receipts,
6668; exports, 11,779; sales. 790; stock, 170,
281.
Galveston: Middling, 8c; receipts, 24.257;
exports, 15,022; sales, 1808; stock, 347,613.
Mobile: Middling, 754c; receipts, 892; ex
porta, 2785; sales, 175; stock, 32,672.
Savannah: Middling. 754c; receipts. 9180;
sales. 1920; stock. 162,596.
Charleston: Middling, 754c; receipts,
2395; stock. 68,471.
Wilmington: Middling, 7J«c; receipts,
1657; stock. 32,946.
Texas city: Receipts, 3790.
Norfolk: Middling, 754c; receipts, 31/10;
sales, 380; stork. 42,719.
Baltimore; Stock, 5997.
Boston: Receipts. 62c; stock, 3100.
Philadelphia: Middling, 8c; stock, 3476.
New York: Middling, 7.75o; exports,
3050; stock, 73,460.
Minor ports: Stock, 45.029.
Total today: Receipts, 62,711; exporta
34,136; stock, 988,366.
Total for week: Receipts, 111.464; ex
ports, 66,402.
Total for season: Receipts. 2,136.209; ex
ports, 903,541.
Interior Cotton Movement
Houston: Middling. 8c; receipts, 32,894;
shipments, 29.333; sales, 1831; stock, 136,264.
Memphis: Middling, 754o; receipts, 13,
709; shipments, 11,148; sales. 2800; stock,
214,551.
Augusta: Middling, 754c; receipts. 3026;
shipments, 1626; sales. 1196; stock, 180,278.
St. Louis: Middling, 714c; receipts. 4690;
shipments, 4167; stock, 26,544.
Cincinnati: Receipts, 790; shipments, 661;
stock. 3485.
Little Rock: Middling, 7c; receipts. 1512;
shipments, 203; stock, 87,741.
Dallas: Middling, 7%c; sales, 3459.
Total today: Receipts, 62,272; shipments,
47,1*7; stock, 567,853,
Liverpool Cotton
Liverpool, November 16—Good demand In
spot cotton: American middling, 4 66d.
The sales of today were 10,000 bales. In
cluding 8100 American, and 600 were for
speculation and export. Receipts, 4788
bales, all American. Futures closed
steady.
New York Cotton
New York, November 16.—Cotton: De
cember, old style (today’s opening), 7.46®
7.50c; closing. July 31, 10.76c; January, old
style (today's opening), 7.50c; new. 7.75®
7.85c; closing July 31, 10.70c; March, new
style (today's opening), 7.86®7.88c; closing.
July 81, 1979; Moy, new style (today's
opening), 8.10®8.12c; closing, July 31,
11.10c;; July, new style (today's opening),
7.50c bid, closing July 31, —; October, new
style (today's opening), 8.40®8.50c; clos
ing July 31, —. Opening tone steady.
New York Futures
New York, November 16.—Cotton futures
closed steady. December, 7.290; January,
7.39c, new 7.58c; March, 7.40c, new 7.77o;
May, new, 7.98c; July, 8.14c; October, 8.38c.
Liverpool Futures
Liverpool, November 16.—Futures closed
steady. May-June. opening, 4.27d; 2:30 p.
m„ 4.25d; 3:30 p. m., 4.2Gd; close, 4.2754d;
June-July, nominal: July-August. 4.34d;
August-September, nominal; Beptember
October, nominal; October-Noveinber,
4.1554(1; November-December, nominal;
December-January, nominal; January
February, 4.50*4*1.
Dry Goods Market
New York, November 16.—Cotton good*
and yarn markets were steadier today
with trading in fair volume. Raw silk
was quiet. Wool was firtn; wool goods
were quiet. Jobbers reported trade quiet
and largely of a filling in character.
Hubbard Broa.’ Letter
New York. November 16.—(Special.)
The markets reopened this morning us
had been announced. Just prior to the
opening call It was made known by the
corporation which took over the dis
tressed cotton at 9c, five underwriting syn
dicates of members of the exchange
would receive at 7.50c only 74 per cent ol
thei subscriptions, the balance havlm
been disposed of before the opening, in
itial prices were rather higher than tht
trade had expected, and despite the nat
ural liquidation In December the market
had a steady undertone In the early after
noon, some It points below the opening.
Borne hedge selling Is expected from the
south at this level, but there was evi
dence of an active Investment demand
and rather to the surprise of the trade
there was some buying by houses wit!:
continental connections. It will natural!)
take several days for the trade at large tc
secure Its bearings and particularly to as
certain the attitude of the south. _
Recants Confession
Poughkeepsie, N. Y„ November 16
William Wood, farmer, of Pine Plains
recanted today Ills so-called confession ol
November 11 thet i.e ->-y three com
Vosburg, at
it Pine Plaint
oday said ht
rerthelesa, hi
held In JalL
t ____
Prices Lower But New Or
leans Market Has Good
Undertone
New Orleans. November 16.—The re
sumption of future trading in cotton in
this market today, while marked with un
usual features In regard to visitors, dec
orations on the exchange and attendance,
was not accompanied by anything out 01 j
the ordinary in the transactions them
selves. Prices worked lower, but the j
market at all times had a good undertone
and offerings were well received.
From the highest of the day to the
lowest, in both «old and new styles of
contracts, there was a drop of from 16 to
24 points. This was not a wide drop, con
sidering everything, and, by many brokers
and traders, was looked upon as due more
to the settling of values to a stable basis
than to anything else.
Some little confusion was caused by the
two forms of contracts, one representing
the liquidation of old business, entered
into before the market closed last July
and the other the changes made in order
to meet the provisions of the federal cot
ton futures law. The market gradually
will pass w’holly into the new style. Old
style January closed at a loss of about 12
points compared with the final prices In
the liquidation trades of last week. Spot
markets wrere steady and unchanged.
New Orleans Futures
OpenT High. Low. Close
Old ..... 1.42 r«0 OS 7.25
Dec. new .... 7.65 7 50 7.50 7.23
Jail, old . 7.62 7.50 7.50 7.56
Jan. new . 7.55 7.to 7.4!>
Mar. old .7.61 7 62 7.46 7.48
Mat. new ..«• 7.86 7.86 7.62 7.66
May newr .... ,.. 788 7.88 7. a 5
Spot Cotton Markets
New Orleans, November 16.—Savannah.
Norfolk and Augusta cotton exchanges
quoted spot cotton at 784o today; Dallas
at 7H<\ and St. Louis. 7*4c.
New Orleans Cotton Market
New* Orleans. November 16.—Cotton fu
tures ov>ened steady; January, old style,
7.51c asked; March, old stylo, 7.61c; new
style. 7.86c asked; December, old style,
7.42c; new style. 7.65c asked.
Spot Cotton Market
New Orleans, November 16.—Spot cotton
quiet; sales on the spot, 360 bales; to ar
rive. 440. Good ordinary, 6Hc; strict good
ordinary, 684c; low middling. 7*4c; strict
low middling, 7»ir; middling, 784c; strict
middling, 8c; good middling, 8%-; strict
good middling. 8\c. Receipts. 066S; stock.
170,281.
New Orleans Futures
New Orleans. November 16.—With the
future markets again in operation, ata-1
tistlcs relating to cotton were more eag
erly scanned today and more closely an-J
alyzed. On the whole, the local trade
felt Inclined to be optimistic with the way
cotton was moving, although there were
some unfavorable spots in the figures.
Perhaps the figures most commented on
w'erc from Galveston, that point reporting
172,000 baies on shipboard as against 83,000
a year ago. This was generally taken to
mean that exportB of Texas cotton were
about to increase materially.
Total foreign exports for the day were
34,186 bales, which seems to assure that
exports for the season up to the end of
this week will be over 1,000,000 bales.
The heavier export movement continues to
swell stocks held at ports which tonight
are within less than 12,000 bales of the
1,000,000 mark. At the same time stocks
at the three most important interior points
arc exactly 500,000 hales. The report per
sists tliat tlie piling up of stocks in the
interior Is largely due to storing of spin
ners against future wants. Bears, on the
other hand, think large stocks in the cot
ton belt eventually will lead to heavy
hedge selling of futures.
MAY HOLD OLYMPIC
IN UNITED STATES
Paris, November 16.—The Olympic games
in 1916 may be held in the United States.
Baron Pierre de Coubertin, president of
the International committee, says if pre
vented from being held in Europe in 1916
they cannot be postponed until 1920, as
suggested, but that they might be held
in America.
The war, Baron de Coubertin thinks,
will not have more than a temporary ef
fect on sport In France. Individual rec
ords will suffer because stars have fallen
at the front. The younger element will
not reach its highest form for three years
or more, but eventually, the Baron thinks,
the war will have proved an Incentive to
physical training. •
Central High and Blount Will
Decide Prep Championship of
Football Today At West End
The state championship of prep foot
ball will be decided this afternoon at 3:3b
o'clock when the Central High school
meets the Blount County High from On
eonta. at West End park. Although the
locals will be outweighed about 15 or 20
pounds to the man. they will enter the
game determined to win. Central High
was defeated last Frida> by Greene
Training school by a narrow margin,
while the visitors easily defeated Greene
a few weeks ago. The Blount county boys
held the Alabama freshmen to a ♦» to 0
victory, although the game was played
on a muddy field. The freshmen won
from the locals by two touchdowns.
Only a light practice w as held this aft
ernoon and both squads are in excellent
condition for the*fray. The game prom
ises to he hard fought from beginning to
end. The average wetglvt of the locals is
sIySsidI.
N. P. Garish Stops Over
With Baugh En Route
From Omaha
N. P. Cariah of Savannah, preaidant
of the South Atlantic league, was In
Birmingham yesterday en rout* home
from Omaha, where the meeting of all
leagues In the country was held. Mr
Carisli accompanied R. If. Baugh, pres
ident of the Birmingham club. Tlio head
of the South Atlantic talked Interest
ingly of conditions In his circuit and
spoke of the Innovations which ave be
lag tried out there.
‘The South Atlantic Is growing ev
ery year,” ho said. ‘The season just
closed was very successful and we bo
lltve that 191B will he as good or bet
ter.
"We. are trying out a number of ln
rovatlons in'the league In the effort
to heighten the comfort of the patrons
and smooth out the rough points in
the game. Our effort has been direct
ed toward the saving of time.
"For Instance, wo have nlreles drawn
near the plate, out of the dancer zone
of course, and whan a man takes hla
place at bat the player to follow him
takes up hla position In the circle with
Us bat ready. Tills save* time be
cause it eliminates the minutes con
sumed by the players swinging their
bills, adjusting their shoes and other
preliminaries.
“Another thing we have done Is to
Instruct the umpires that they must
stand at the plate and have the team
captains bring them the batteries and
line-ups. This saves the umpire from
g ong to the benches and perhaps start
ing something. The umpires announce
any changes In the line-up made dur
ing the game.
“Another step wo have taken Is to
allow the clubs to suggest the names
of men for umpires. By this method we
try to secure the men best known for
their ability and generally we get the
best ones.”
Mr. Carlsh was shown over the News
paper club and the Tutwller hotel oy
Mr. Baugh and was enthusiastic tn
ipeaklng of both. He went to Colum
ous, Ga., yesterday afternoon and will
he In Savannah tomorrow.
...
h 1 "J
about 143 pounds, while Blount will aver
age about 165 or 1T0 pounds. Not a regu
lar will be out of th“ line-up of either
team and In case of defeat there will bc«
no excuses to offer. Either West of the
Young Men's Christian association, or , <
Rowell of Alabama will referee.
The probable line-up:
Blount—Boone, left end; Skelton, left
tackle; Newborne. left guard; Tidwell,
center; Adams, right guard; Wadsworth,
right tackle; Blake, right end; Donahue,
quarterback; Dogul, fullback; J. Boone,
left half; McNarol, right half.
Central—Blackburn or Harrell, left end;
II. Baker, left tackle; McPha.il, left guard.
W. Hall, center; Chaig, right guard;
Roach, right tackle. Kelly, right end; Da
vis, quarter; Goodall, full; W. Baker or
Dorskey, left half; Glllem, right half.
F. J. B.
Prt'dicts Long: War
Amsterdam, via Dondon, November 16.
(8:26 p. m.)—King Dud wig of Bavaria, re
viewing cadets at Munich today, accord
ing to the Dokal Anzieger of Berlin, said:
"The war will last a long lime, but we
shall not rest until the enemy Is beaten
and until a peace Is secured that will
protect us a long time against attack.”
We Clean Kid
Gloves
so that they look like new. We
have a special process for cleuiiLug
kid gloves that makes them as
fresh anil clean as new.
We use nothing that will rot or
weaken the glove in the slightest
degree.
Each and every one Is carefully
handled by an expert who has done
this work for years.
Send ns a trial package this
week.
Empire Laundry
Dry Cleaning Department
Telephones 225-226
_I_._
■
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-. ">1
Orders Executed for Stocks and Bonds
Listed on the New York Exchange
OTTO MARX & CO.
BANKERS
\ *
CALU M ET „
BAKING POWDER
Mammy Delights In Bake-Day Now
In fact every day is bake>day since she first used Calumet—the
modern, full value Baking Powder. Every use of Calumet brings
absolute satisfaction—Never a failure. The biscuits are always
delicious and dainty—cakes and pastry of every sort come from
the oven, delightful in appearance, light, sweet, uniformly raised«
—and delicious in flavor.
If you have not used Calumet, buy a can today from your grocer
and prove its economy and goodness. 1/you don't get Columet
you don't get the test.
MCBVID HMHK3T AWARDS
WtrU'a Para Paad PruiMra. Chlaaea> UL Parti lapartUaa, PWaaai, Mint, ISIS.
# Yaw daefl sees maaay wh—geo hey aheap as MgwawhaHagg i wiwi.
y Nil mate eeewswdeel—eaaaw wfcjjaaaaaa—spaas hes> eeawNi. Cihwrt Is
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■w. ———————————_ . _____i „ i_: ._