The Birmingham age-herald. [volume], December 01, 1914, Page 9, Image 9

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

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

                
EXTREME CAUTION
i SHOWNjN BONDS
Dealings Pass Off W ithout
Incident, But Trend of
Market Is Downward
S'*
V _____
New York, November 00. The first
full session of dealings in bonds on the
stock exchange under the limitations
fixed by the authorities of that insti
tution passed off today without unto
ward incidents. Trading suggested ex
turn® caution at all times, but the
, movement was broader than on Sat
urday.
Although about 80 issues changed
hands with a marged preponderance of
substantial declines, the losses in some
Issues extending to as much as 7 points
In active bonds. On the other hand, a
few gains of nominal proportions were
registered.
In its chief essentials the trend of
the market was accepted as a natural
on* under existing circumstances. There
was no concerted movement to sell.
Mercantile marine bonds, which start
ed off with a slight recovery from
last Saturday’s spectaular decline, soon
fell back on what appeared to be spec
ulative selling.
Regular quotations for call and time
loans were resumed on the exchange.
The opening rate for call money was
6 per cent, but the abundant supply
soon caused a fall to 4',i. closing at
4%. Time loans up to six months were
negotiated at 4% per cent, and a num
ber of 6 per cent contracts expiring to
morrow were renewed on the first
Domed basis.
‘ Some foreign sales were submitted to
the committee in charge of all offer
ings and it was understood that they
were approved. Total sales of the ses
sion amounted to $1,358,000 par value,
which was considerably under the
normal.
Issues which sustained the greatest
losses included Northern Pacific 3s,
Southern Pacific refundings. Westing
house Electric 5s, Central Pacific 4s,
Chicago, Rock Island and Pacific Rail
way 6s, Kansas City Southern 0s, Chi
cago and Alton 3%s, Oregon Short line
6s. East Tennessee and Virginia and
Georgia 6s. Central of New Jersey 5s,
Southern Pacific Terminal 4s, Georgia
Central 6s and Lorlllard 7s.
Bonds
U. 8. 2s registered . 95%
U. S. 2s coupon . 95%
U. S. 3s registered . 99%
17. 8. 3a, coupon . 99?*
U. S. 4s registered . 108%
U. 8. 4s coupon . 108 %
Central of Georgia 5s. 99%
Louisville &. Nashville un. 4s .... 90%
Southern Railway 5s . 98 Vi
Southern Railway gen. 4s. 64
U. S. Steel .. 99%
Mercantile Paper
New York, November 30.—Closing: Mer
cantile paper, 4%@5 per cent. Sterling ex
change steady; 60-day bills, $4.86.75: foi
cables, $4.90; for demand, $4.89. Bar sil
ver, 49%c.
New York Exchange
New York, November 30.—Sterling ex
change steady; 60-day bills, $.86.75; fm
cables, $4.90; for demand, $4.89. Bar silve:
49%c.
Metal Market
New York, November 30.—Tin easier
I32.50@33.50; electrolytic firm, $12.75
ron quiet; No. 1 northern, $14.25014.75
No. 2, $14.00014.50; No. 1 southern
$14.25014.75; No. 2,-$14:2S@lY.75;.
At London: Spot copper, £54 12s 6d
futures, £54 12s 6d. Spot tin, £143 5s
futures, £141 10s.
Coffee Market
New York, November 30.—The reopenlni
of the coffee exchange for general L-usi
ness today was not accompanied by an:
excitement and trading was quiet. A fev
European buying orders and some loca
covering gave the market a steady tone a
■ ’the start and prices showed advances e>
some 7 to 15 points from the figures pre
vailing In the liquidating committee a
the e ase of last week, although they wer
still about 150 points under the officia
quotations of July 30. Near month
showed little change after the opening
but July was offered oft from 6.80e to 6.66c
with the close steady. Sales. 10,750. Do
comber, 5.63c; January, 5.64c; February
6.74c; March, 6.85c; April, 5.93c; May, 6c
June, 5.86c; July, 6.65c; August, 6.71c; Sep
tember, 6.77c; October, 6.83c; November
6.90c. Spot coffee steady; Rio No. 7, 6%c
* Santos, No. 4, 10c. Rio exchange, %'
1 -higher. Rio and Santos markets un
changed. Brazilian port receipts, 63,000
Jundlahy, 42,000.
Live Stock Market
Chicago, November- 30.—Hogs: Re
ceipts, 31,000; weak. Bulk, $7.2507.45
light, $6.8007.40; mixed, *7.1007.55
heavy, $7.1007.55; rough, $7.100 7.25
pigs, $4.0006.50.
Cattle: Receipts. 13.000: unsettled
Native steers, $5.85010.25; wester;
steers, *6.400 8.90; cows and heifer*
$3.5009.10; cales, $8.00011.25.
') Sheep: Receipts. 70,000; firm. Sheer
/ $5.6006.50; yearlings, $6.5007.90; lamb*
' $7.0009.50.
St. Louis, November 30.—Hogs: Re
ceipts, 21,600; lower. Pigs and light*
$6.6007.50; mixed, $7.2007.60; goo'
heavy, $7.5007.55.
Cattle: Receipts. 10,600: strong. Na
five beef steers, $7.50 0 10.75; cows an
heifers, $6.0009.25.
Sheep: Receipts. 3100; higher. Natlv
Muttons. $6.5006.25; lambs. $8.0009.3;
. Kansas City', November 30.—Hog*
Receipts, 19,000; lower. Bulk, $7.20«
7.36: heavy, $7.3007.35; light, $7.16«
7.35; pigs. $6.6007.00.
- Cattle; Receipts, 19,000; steady. Prim
fed steers, $10.00010.50; dressed be*
Steers, $7.6509.75: southern steers, $5.5
@7.25; cows, $4.7607.50; heifers, $6.5
@9.26.
f Sheep: Receipts, 6000; steady. Lamb
$8,508.25: yearlings, $6.7507.76; welt
ers, $5.2506.25; ewes, $4.7605.26.
Produce
New York. November 30.—Butter stead]
receipts. 4208. Creamery, extras, 32i
creamery (higher scoring). 3403-!%;
creamery, first’s, 2932c. Obese steady; ri
ceipts, 305; state, whole milk held, sp<
U clals. 16c; state, whole milk average fai
, cy, 15V44118%e. Eggs Irregular; receipt
4221; fresh gathered, extra fine, 41043
extra first. 09@40c; firsts, 36038c. Dress*
poultry dull and weak; western chicken
14%@18c; fowls. 12%017%c; turkeys, 12022
New York, November 30.—Live poulti
weak; western chickens, 11c; fowls, 11%
l$c; turkeys, 11012c.
St. Louis, November 30.-Poultry, chlcl
ens. 809c; springs. 9V401Oc; turkeys, H
ducks, 12c; geese, 9%@10c. Butter, crean
ery, 33%c. Eggs, 27@27%c.
f Kansas City. November 30.—Butts
creamery. 31c; firsts, 29 and 26c; paekini
20%c. Eggs, first*, 31c; seconds, 34
Poultry, hens, 11c; roosters, 11c; turkey
Mb.
.Chicago, November 30.—Butter stead;
creamery, 24032c. Eggs; Receipts, 464
at mark, cases included, 20029c; ordinal
, Hubbard Bros. & Co.
A Osttts Merchants. Hssover J
Ar. Members New York Cotton Exchang
if New Orleans Cotton Exchange, Ne
York Produce Exchange. Assoelai
|T Members Liverpool Cotton Assoclatlo
Order, solicited for the purchase at
A
LOCAL SECURITIES_
Rate. Bid. Asked.
Ala. F. & 1. 4 40 50^
Amer. C. Rys., pfd..... 6 40 45
Amer. C. Rys.
Amer. T. & Sav. Bk... 8 160 170
Avondale Mills, com. .. 8 95 105
Avondale Mills, pfd... 8 100 108
Bessemer C. & I. .. 50
B'ham T. & S.10 230 255
B’ham Baseball Asso.. 140 170
B'ham Realty Co. 4 150 175
Cham, of Com., pfd.... 7 60 70
Com. Bank & T. C. .... 80 90
Corey Land .. 50 79
East Lake Land .. .. 75
Elmwood Cem. Co. 4 60 80
Empire lm., pfd ...... 8 100 102
Empire lm., com. 6 70 85
Ensley Land. 85 110
First Nat. Bank ...... 12 230 250
Great Sou. Life . ,9 11
Interstate Casualty .. 1 3
Jeff. Co. S. Bank . R 160 160
Jefferson Fertilizer ... 8 105 120
M. A M. Bank . 6 115 125
North B’ham Land ... 15 22
Protective Life . 9 11
Realty T. C., com. 6 100 110
Realty T. Co., pfd_8 100 110
Sou. States Fire .. 1 3
Traders Nat. Bank .... 9 150 160
Rate. Bid. Asked.
Ala. State ref, 1920 ... 4 96 100 ~
Ala. State Renew, I960 3*4 80 85
Ala. State Renew, 1956 4 97 101
Amer. C. Rys. 5 86 88
Ala. Cons. 5 75 80
Bessemer C. & 1.6 100 103
B. R„ L. & P. 6 96 98
B. R., U & P. 414 85 88
B'ham Ice Factory .... 6 100 106
B'ham R. & E.5 100 103
B'ham Waterworks .. 6 102 107
City of Birmingham .. 6 100 104
City of Birmingham .. 5 96 101
Continental Gin . 5 100 105
Jefferson County .5 101 104
Jefferson County .6 102 107
Jefferson County . 414 95 101
Jefferson Realty . 8 100 105
Milner land Co. 6 96 101
Nashville Railway .... 6 99 101
Pratt Consolidated .... 5 77 83
Sloss I. & S. 6 100 102
Sloss I. * S. 414 92 95
T. C. I. gen. mtit. 5 95 100
T. C. 1. Tenn. Dlv. 6 99 103
T. C. I. Ship Blag. 6 99 103
T. C. I. B'ham Dlv. 6 99 103
T. C. I. Cahaba Div_ 6 102 104
Woodward Cons. 6 95 102
Many Traders at New Or
leans Hold Off for Gov
ernment Estimate
New Orleans, November 30.—The cot
ton market assumed much of a wait
ing attitude today. As the government’s
annual estimate of the yield is only a
few days away and the next census re
port only a few days away many
traders held off. The net results of the
day’s trading were a rise of 4 points
to a decline of 6 points. At the high
level of the day the market stood 7 to
10 points over Saturday’s close. Last
prices were within a point or two of
the lowest.
A local crop estimate of 15,750,000
bales, not including linters, was con- (
sidered to be bearish and led to pre
dictions that the government’s estimate
would Indicate a record breaking crop,
but big crop talk had little influence on
prices. Offerings were slender In the
early trading and a small demand
served to put the market higher. In the
afternoon selling increased to a limited
extent on reports of freer offerings of
spots in the interior, although spot mar
kets generklly held steady.
New Orleans Futures
New Orleans, November 30.—Cotton
futures closed quiet, 4 points up to 6
down.
"""""""High. Low. Close.
Lee. old . 716 7.16 UO
Jan. old . 7.30 7.23 7.24
Jan. new •••••••••<••» 7.35 7.23 7.24
Mar. old ... 7.30
Mar. new. 7.50 7.38 7.39
May old ... 7.47
^fay new . 7.68 7.54 7.56
July new. 7.80 7.77 7.72
New Orleans, November 30.—Cotton fu
tures opened steady. December, old, nom
inal; new, nominal. January, old, 7.20c;
new, 7.23c; March, old, 7.31c; new, 7.42c;
May, old, 7.o7c; new, 7.59c July, new, 7.79c.
Spot Cotton Market
New Orleans, November 30.—Quota
tions today in spot cotton included Sa
vannah, 7^4c; Norfolk. 7%c; Baltimore,
Boston, 7.75c; Augusta, 7*,4c; St.
Louis, 7%c.
New Orleans Cotton Market
New Orleans, November 30.—Spot cot
ton quiet. Sales on the spot, 125 bales;
to arrive, 3500. Good ordinary, 5 15-16e;
strict good ordinary, 6 7-16c; low mid
dling, 6 15-16c; strict low middling,
1 7 3-16c; middling. 7 7-16c; strict mid
. dling. 7 11 -16c; good middling, 8 l-16c;
strict good middling, 8 7-16c. Receipts.
25,427; stock, 230,547.
1 ANNISTON
Anniston, November 30.— (Special.)
, J. T. Gardner, Jr., treasurer of 11 e Cal
• houn county school board, when noti
' fed last Saturday by County Superln
| tendent H. T. Persons that there was
j no money with whicli to pay the teach
. ers, advanced about $7000 for this pur
; pose, and the teachers will be paid „n
time next Saturday.
All county superintendents In the
state were notified recently by the
state superintendent that there would
! be no funds to validate state warrants
■ until the condition of the state treas
ury had Improved. Mr. Gardner, who
• is also cashier of the First National
1 bank, said tiiat he did not beldve the
’ tc.-.chers ought to be made to go with
out their Christmas money and there
fore made the advance, which will be
paid back later.
The announcement that J. W. Strango
• and associates have made application
for a charter for a new bank at Pled
J piont was received here with interest.
that city being located In the northern
i part of this county. Calhoun has more
• national banks than any other county
: in the state and the opening of the
} new Piedmont bank will enhance this
county’s standing as a flnanctal cen
s ter.
ft Rev. Dr. George McKee, misisonary
0 to Africa, and said to be the greatest
Presbyterian missionary there since the
. t me of Sheppard, preached twice at
1 tiie First Presbyterian church hero
Sunday. He and rMs. McKee are the
guests of Mr. and Mrs. John M. Bowie.
Mrs. McKee speaks this week to wom
en's organizations.
!i Prof. F A Magee, who has been In
Ar.niston for sometime working up the
'• organization of an athletic club here.
!" Is at present in Atlanta assembling
'* material for the club. He will return
*■ this week and the club will bo formal
!* ly opened to members.
d -
», F. D. Willett, a well known Annis
ton attorney, has bepn selected as ora
y tor for the annual observance of Me
if mortal day by the Elks of Annistor
on next Sunday. The exercises will b<
i- held In the Savoy theatre building.
'* firsts, 26®27c; firsts, 28® 29c. Potatoei
r steady; receipts, 75. Michigan and Wis
, consin, 38® 46c; Minnesota, 38®45c. Poul
try lower; springs, lOVic; fowls, 91j®10c
jj turkeys, 1214c.
Navel Stores
I; Savannah, Ga., November 30.—Turpen
y tine firm, 45 to 4514c; sales, 868; receipt!
267; shipments, 715; stock, 33,140. Roati
— firm; sales, 578; receipts, 1706; shipment!
1524: stocks, 125,288. Quote; A, B, C, E
>, 83.30; F. G. 13.35; H. 83.3714; I. 83.65; K
I 14.00; M, 84.70; N. 85.45; WG. 15.65; WW
t, 85.90.
»
f A More Or Lees Dry Remark
d From the Philadelphia Public Ledger,
r '"I’ve Invented a boat made entire!;
4 of cork.”
• “Who will man It?”
"! “Oh, I am the cork’a erew.” ,
ON SIM DEMID
Quietness Attributed to Bad
Weather—Larger Volume
Later in Week
/
Quotations on Morris avenue are Arm,
although the demand In some lines is
somewhat slack. This Is attributed In a
measure to unfavorable weather con
ditions. Trade is expected to become
more active as the week advances, and
supplies are being ordered accordingly.
Meat and poultry dealers report a
steady demand, and prices are un
changed. Rabbits are becoming rather
plentiful, and large quantities are be
ing disposed of by local wholesalers.
The restaurant demand for hares ia
heavy, and the retail trade is also good.
LOCAL QUOTATIONS
Spot Cotton
Good middling . 7V4c
Strict middling . 6%c
Middling . «\k
Strict low middling . 6%
The Iron Market
IF ..*11.00
2F . 10.50
SF . 10.00
Grey Force . >.50
IS . 11.00
2S . 10.50
Poultry and Eggs
Hens. 14c.
Live turkeys, 16c; dressed turkeys, Uc.
Fryers—154-154 lbs. average, 18c.
Ducks—16c lb.
Guineas—30c.
Roosters—86c.
Geese. 75®90c.
Eggs—Candled, 24c; extra graded can
died, 30c; candled carton eggs, 30c.
Meat!
Extra Ribs—1254c.
Bellies—20-25c; 13c.
Boston Butts—15c.
Pork Loins—16c.
Breakfast Bacon—2354c.
Spare Ribs—12c.
Regular Hams-1654c.
Skinned Hams—17c.
Fruits and Produce
Lemons—33.50.
Llmei—75® 90c.
Virginia Cabbage—2c lb.
Northern Apples—Barrel, fancy, 3304.
Peanuts—6540954c.
Florida Oranges—32.75.
California Oranges. 32.25.
Grape Fruit—$2.7603.25.
California Grapes—32.75 per box.
Catawba Grapes—17c per basket.
Malaga Grapes—$5.5006 per keg.
Tomatoes—$3.25 per crate.
Cocoanuts. 34 per sack.
Cranberries—Per bo*, $2; per barrel, $7.
Rutabagas—154c lb.
Celery—$4.50..
Fi>h
Perch—854c.
Salt Water Trout—10®l*o.
Blue Catfish—754c.
Red Snapper—85400c.
Gray Snapper—6@dc.
Mullet—554©«c.
Spanish Mackerel—1254c pound.
Fresh Pompano—20085c
Delaware Oysters—Standards, 31.15 gal
lon; selects. $1.45 per gallon.
Gulf Oysters—*308.50 par 1006.
Creamery Products
Creamery Butter—3201654c; procsss but
ter, 30c; oleomargarine, 160*Sc.
Full Cream Cheese—16c; Imported Swiss,
33c; Pimento, doe., *1.16.
Flour and Breadatuffg
Self-rising flour, *8.35; Tennessee flour,
$5.85; Michigan flour, 16.95; Idaho flour.
16.95; Indiana flour, 36.60; spring wheat
flour, 38.40; hard winter wheat flour, 35.80;
shorts, $32; pure wheat bran, |29; c. s!
meal, 754 P«r cent, 326; Cramo meal, per
ton, 322; C. S. hulls, 39 ton; No. 1 timothy
hay. per ton, 324; mixed alfalfa and John
son grass, per ton, *1>; pea green alfalfa,
western, $25: mixed feed, per ton, 334;
oats, per bushel, 65c; corn, per bushel, 38o;
cornmeal, 31.70 per 96 pounds.
Hide* and Tallow
Green salt hides, 14016c; green salt
hides (half cured), 18014c; green hides,
(fresh), 12@13c; dry flint hides, 26027c,
dry salt hides, 24026c; damaged hides,
half price; sheep sktne, 26060c; horse
hides, $202; sherllngs, 15025c; goat skins,
20035c; kid skins, 10a; tallow, 5O0c; bees
wax, 27 0 28c; washed wool, 25027c;
clear unwashed wool, 17 0 20c; burry
wool, 19012c; ginseng, $4.0006.05.
Suppressed Indignation
From the Washington Star.
"What do you think of that tender
foot's having the nerve to spring a
deck of marked cards on me?" ex
claimed Broncho Bob.
"Did you shoot him?” .
"What’s the use of killing the goose
that lays the golden egg? I held a gun
In front of him and made him show me
how he marked ’em."
.....
Hotel Ureslin
Broadway at 29^* St.
“An Hotel Where Guests are Made
te Feel at Home”
No* too large, yet large
enough to afford the
maximum of value at
minimum expense.
Exceptionally Accessible
. 5M Xeeeu—MtitruU fasfesrsaf Omw*•
RATES
Single Boom with running wator
11.00 ta I*.M
Single Boom with tub or ehower htUi
|I-H »• >•■»•
Double Boom with running jeter^ ^ ^
I Double Boom with tub or ehower both
SMS IS 3S.S*
EDWARD C. FOGG. Msssthg Dirmctmr
ROY L DROWN. Residbeet Ress|w_
LOOK FOR CROP OF
15.000JOO BALES
rhree Private Estimates Is
sued—Market Is More or
Less Unsettled
New York, November 30.—The cotton
market was more or less Irregular and
unsettled today. Fluctuations seemed
chiefly attributable to further evening up
>f the December contracts. Lower Liver
pool cables and the circulation of Decem
ber notices estimated at about 3000 bales
Were followed by an opening decline of 6
points on December, 'while other months
were unchanged to about 6 points lower.
There was considerable Liverpool buying
of the near positions, as well as some
scattered covering, and a moderate in
vcgpment demand for October, which
steadied the market shortly after thc^ call
and sent prices some 4 to 7 points net
higher.
Around 7.37 for December, however,
there was renewed liquidation, and that
position eased off to 7.20c, or 10 points net
lower, with later deliveries selling some
4 to 7 points under Saturday's close. There
was enough demand to check the decline
at this level and last prices showed slight
rallies on covering with the close steady
at a net loss of 71 to 6 points. Three pri
vate crop estimates were issued with a
New' Orleans authority placing the yield
at 15,750,000 bales, a Memphis estimate of
14,988.000, and an estimate by members of
the Memphis cotton exchange of 16,o29,000
bales on the average. Unters bfcing ex
cluded In all three figures.
New York, November 30.—Cotton opened
steady; December, 7.24c; January, 7.33c;
March, 7.48c; May, 7.64c; July, 7.79c; Octo
ber, 8.08c.
New York Futures
New' York, November 30.—Cotton fu
tures closed steady.
High. Low. Close.
Dec. old . 7.37 7720 7724
Jan. old . 7.22 7.22 7.25
Jon. new . 7.46 7.83 7.37
Mar. old . 7.29
Mar. new . 7.58 7.48 7.57
May old . 7.50
May newr . 7.73 7.61 7.04
July new . 7.85 7.77 7.79
New York Spot Cotton
New York, November 30.—Spot cotton
quiet: middling uplands, 7.65c; gulf. 7,90c.
No sales.
Port Cotton Movement
New Orleans: Middling, 7 7-16o; receipts,
25,427: sales, 3625; stock, 230,542.
Galveston: Middling. 794c; receipts, 14,
517; exports, 19,982; sales, 365; stock, 431,
773.
Mobile: Middling, 794c; receipts. 55S;
stock, 37,739.
Savannah: Middling. 734c; receipts. 9529;
exports. 11,912; sales, 4963; stock, 193,043.
Charleston; Middling, 734c; receipts, 1119;
sales, 200; stock, 89,123.
Wilmington: Middling, 734c; receipts,
1566; stock, 41,665.
Texas City; Receipts, 2863.
Norfolk; Middling, 734c; receipts, 3492;
Bales, 856; stock, 61,540.
Baltimore: Middling. 734c; exports, 1000;
stock, 2741.
Boston: Middling, 7.75c; receipts, 219;
stock, 4100.
Philadelphia: Middling, 7,90c; receipts,
46; exports, 4896; stock, 8725.
New York: Middling, 7.65c; receipts, 60;
exports, 500; stock, 76,220.
Minor Ports; Stock. 52,121.
Total today: Receipts, 69,386; ex
ports. 88,289; stock, 1,214,062.
Total for week: Receipts, 110,245; ex
ports, 56.915.
Total for season; Receipts, 2,87,893;
exports, 1,313,852.
Interior Cotton Movement
Houston: Middling, 794c; receipts, 17.
899: shipments, 15,637; sales, 6788;
stork, 155,410.
Memphis: Middling, 734c; receipts,
11,609; shipments, 6724; sales. 2000;
stock, 247,199.
Augusta: Middling, 7 34c; tecelpts,
2987; shipments, 1336; sales, 1895;
stock, 155,269.
St. Louis: Middling, 74»c; receipts,
6910; shipments, 6773; sales, 20; stock,
33,000.
Cincinnati: Receipts, 877; shipments,
2994; stock. 2416.
Little Rock; Middling, 7c; receipts.
1776; shipments, 791; slock, 4^,200.
Totals today; Receipts, 41,957; ship
ments, 32,254; stock, 637,484.
Liverp4>ol Cotton
Liverpool, November 90.—Cotton, spot
quiet; prices easier. American middling,
6.38d; good middling, 4.70d; middling, 4.41d;
low middling, 8.87d; good ordinary, 3.13d;
ordinary, 2.73d. Sales, 6000 bales. Including
6900 American and 6000 for speculation and
export. Receipts, 25,626 bales, Including
24,208 American, Futures closed quiet.
May and June, 4.1634c; July and August,
4.2234c; October and November, 4.31c; Jan
uary and February, 4.37c.
Dry Goods Market
New York, November 30.—Cotton goods
markets were quiet today; prices were Ir
regular. Yarns were easy. Raw silk was
quiet and barely steady. Dress goods
were quiet with light boklngs on the liner
grades reported for spring.
Hubbard Brothers’ Letter
New York, November 30.—(Special.)
Liverpool continues to hold very bearish
views as to the course of cotton. It seems
hardly necessary to repeat that they be
lieve they will be able to buy all the cot
ton they need at much lower prices. So
they pay little attention to the slow In
vestment demand In this country because
they think that they will soon be filled up.
Our own spinners entertain about the
same views, so that the situation Is
clearly up to the producer, and we have
little fear but that he will meet It by re
fusing to sell Ills cotton on any declines.
There was little In the market except
the feeling that the bureau would show
a large crop estimate.
Cotton Seed Oil
New York, November 30.—After selling
down with the decline In lard the cyt
ton seed oil market became steadier ou
the pronounced strength In crude, final
prices being 5 points lower for Decem
ber and 2 lower to 2 higher for the bal
ance. Sales, 17,900 barrels. Prfme crude,
5.0796.30c; prims summer yellow, spot.
5.86c; December, 5.86c; January, 6.08c;
February, 8.17c; March, 6.29c; April, 6.38r;
May, 6.49c; June, 6.69c; July, 6.69c. Prime
winter yellow, 6.06c; prime summer
white, 6.96c,
Sugar Market
New York, November 30.—Raw sugat
easier; molasses, 8.30@:i36c; centrifugal,
3.96®4.01c. Refined steady; cut loaf, 6c;
crushed. 6.90c; mould A, 6.66c; cubes,
3.95c: XXXXX powdered. 5.26c; pow
dered, 6.20c: fine granulated, 6.10c; dia
mond A, 6.10c; confectioners A, 6.00c; No.
1, 4.85c.
Montgomery Market
Montgomery, November 30.—(Spe
cial.)—Spot cotton was quoted here to
day 'as follows: Good mldllng, 7 34c
strict middling, 7c; middling, 6 ll-16c
I low middling, 694c; Btrlct low middling,
694c; strict good ordinary, 6s; road or
dinary, 434c. Market stead/.
GIVENTO WHEAT
Caused by Unexpected De
crease in United States
Visible Supply
Chicago. November 30.—Wheat took
1 sudden upward swing today large! v
Occauso of a nunexpected big decrease
in the United States visihle supply to*
tal. Closing prices were strong at 7*c
to 1760174c net advance. Corn finished
*Jc off to 74c up, oats unchanged to
74 c higher, and provisions varying
rrom the same as Saturday night to
20c decline.
Official announcement that the rail
road embargo had been lifted on ship
ments of wheat to Galveston helped
materially in bringing about the late
upturn In prices. Karller the market
rnd been depressed by lowrer cables and
by large receipts, especially In the
northwest.
Heaviest arrivals so far this year ai
Chicago turned the corn market down
grade. A rally took place, however, ow
ing to the strong rebound in wheat.
Oats had no Independent action. Pro
visions averaged lower as a result ot
selling by packers and scattered hold
ers.
Chicago. November 30.—Future quo
tations were as follows:
Wheat— Open. High. Low. Close.
Pec . 1.12 74 lit n 2 % 1.13 7«
May . 1.1 S*4 1.2 0 74 1.17 74 1.197*
K( IK. —Opening shrdluetolanerhdlun
Corn—
Pet. 6 3 76 6 3 *4 6 2 74 63
May . 69 6!)'4 63 'i 69
Oats—
Pec . 47 74 43 47*4 43
May . 52 52% 51 *4 52<4
Pork—
Jen .IS.37 18.37 18.15 18.25
May .18.62 18.70 18.40 18.50
llnrd—
Mav . 9.92 9.97 9.82 9.87
Jan . 9.67 9.70 9.60 9.67
Klbi—
Jan . 9.77 9.77 9.65 9.70
Mu y .10.05 10.07 9,95 10 00
New Orleans Rice Market
New Orleans, November 30.—The riCl
market continued strong today. Quote
Rough Honduras, 2.5004.10: Japan, 2.50(5
4.00c; clean Honduras, UiaQc; Japan
30674c. Receipts; Rough, 12,310; millers
11,966; clean, 63,442. Hales, 858 sack!
rough Honduras at 3.60(54.00; 2874 pocketi
clean Honduras at, 2%®7ie; 3546 pocketi
Japan at 27403 13-16c.
Kansas City Grain
Kansas City, November 30.—Wheat, No
2 hard. $1.0701.0774; No. 2 red, *1.0601.0674
Corn, No. 2 mixed. 6074061c; No. 2 white
61c. Oats, No. 2 white. 4774c; No. 2 mixed
43045c.
Chicago Grain
Chicago, November 30.—Wheat. No.
hard, *1.12%®1.14*i. Corn, No. 2 yellow
6874c; new, 63®64c. Oats, standard, 4874c
Rye, No. 2. $1.0774- Barley. 59®77c. Tim
othy, $3.76%6.25. Clover, $12.00014.50. Pork
$17.00; lard, $10.05; ribs, $9.2509.87.
St. Louis Grain
St. Uouls, November 30.—Wheat, No
red, $1.1101.12; No. 2 It $1.127401.1;
Corn, No. 2, 6374c; No. 2 v 63c. Oat!
No. 2. 47014774c; No. 2 with- '.jc.
COTTON SHRINKAGE
IS MERE FRACTION
Washington, November 30.—(Special
While tho United States exports of col
ton in October ran to only about 30 pe
cent of the total for the same month i
1913, a report of the bureau of the censu
today shows that the shrinkage In domes
tic consumption for last month was onl
about 11 per cent, as compared with th
same period last year. Also, tlie numbe
of spindles active during October, 19b
was only 203,000 less than a year ago, th
number In October of this year being 30,
651.946, as compared with 30,866,360 las
year, which is a very small reduction.
Apparently, the amount on hand in man
ufacturing establishments and Independ
ent warehouses was approximately 1,000,(X
more hales in last October thsn n yea
ugo, tlie total for October, 1914. neln
4.493.443, as agulnst 3,532,673 in the mont
in 1913. On hand In manufacturing ostul
llshments last month, says the repor
were 713.407 bales, and in independet
warehouses were 3,780,036, compared wit
1,023,015 in manufacturing establishment
In October, 1913, and 2,509,658 In Independ
ent warehouses.
The consumption In the United State
PROVIDING PLACES
FOR THE DEFEATED
Government Will Not Lose j
Services of Several Con
gressmen of Ability
Washington, November 30. — (Special.)
Evidence that republics are not always
un grateful has been offered this week
In report that several defeated demo
cratic candidates for Congress are to
bo enlisted by the administration In
executive departments, tn positions of
responsibility and trust, as well ns of
generous emoluments. By tradition,
such candidates have been dubbed
"lame ducks" and are rewarded as
party pensioners having claims for pre
ferment which must ho respected—In
short, they are to he "taken care of."
As a matter of fact, this is far from
fair to a majority of such defeated can
didates, many of whom are men of dis
tinct ability and of calibre to be of
service to the country In Congress or
In other public offices. Nor Is their de
feat always to be laid at their own
doors, for frequently they are victims
of their loyalty to their party, or to
the administration or to some personal
principle. Many, by equivocation or by
repudiation of some administration
policy might retain their seats and their
salaries, but prefer to fight the good
fight and keep the faith as they see It
politically, and to taint such men with
the taunt, “lame duck," hardly Is In
accord with the American spirit of fair
play.
For Instance, Representative Mitchell,
who seems slated for United States
marshal In Massachusetts, has demon
strated his fitness for that or any simi
lar office; moreover, he has proved hla
loyalty to the administration and en
joys the confidence of the White House.
Ills defeat for re-election to Congress
has not Impaired his abilities In legis
lative or executive lines, and he simply
Is transferred from one field of use
fulness to another sphere In which he
, can serve the administration, his party
and the people.
So, too, with Representative Bulkley
of Ohio and Representative Korhly of
Ohio, who may be director of the mint
1 and solicitor of the treasury, respec
1 tlvely. Both have served w-ltli dlstlnc
1 tton on the committee on banking and
currency, both have acted In full sym
pathy and accord with the administra
tion and both are described as men of
sound business ability. Such lame
. ducks" can hop llvelter on their
, crutches than many a fowl with both
, limbs and wings Intact.
But, tradition and ‘humor" have
dubbed such men "lame ducks" and
classified them as decrepit political pen
sioners, dependent on the bounty of
their party. As one who has had hla own
setback, however, even “Uncle Joe"
Cannon will agree w'itli that Baltimore
school commissioner who uttered the
classic remark, “The experience ain't
done them no harm."
2 for October. 1911, was 151,841. compared
' with 511,923 tn 1913. Of the last October
’ consumption 241,071 bales wore used In cot
ton growing states and 210,770 in all other
stntes, while a year ago 263,235 were con
sumed In October in the cotton growing
states and 248,688 in other states.
According to the bureau, the Imports of
foreign cotton In October, 1914. were 12,152
bales, compared with 5569 in the same
month last year, the Imports being dl
2 vlded this year as follows: Egypt, 6464
- hales; Peru, 302 bales; China. 1031 hales,
i- nnd all other countries, 4365 hales. In the
, same month last year 2119 bales came
from Egypt, 1419 frqm Peru, 751 from
S China and 1280 from all other countries.
Total exports for October this year were
r 497,180 maels, compared with 1,517,838 In
, 1913. The exports tills year were thus dl
, vlded: United Kingdom, 232,066 bales;
Germany none; France, 22,302; Italy, 48 147.
’ nil other countries, 194,066. The apportlon
5 ment In October, 1913, was: United King
• dom. 514,054; Germany. 465,525; France,
t 79,469; Italy. 54,282; all other countries,
204,508 bales.
In conclusion, the report says:
“The world's production of commeirlal
cotton, exclusive of ltnters. grown in 1913.
0 was approximately 22,255,000 hales of 500
r pounds, net. The consumption of cotton
, (exclusive of llnters 111 the United States)
’ for the year ending August 31, 1914, was
1 apporxlmately 21,223,000 bales.”
Except for the United States, cotton
. Included In this amount refers almost ex
t cluslvely to that used In spinning and does
H not Include large quantities which were
s consumed In the manufactures of felts,
- bats, etc. The number of active consum
ing spindles during that year was 146,
s 397,000.
INVESTIGATION OF
RAILWAY FREIGHT
SIMMERED
I. C. C. Suspends New Tariff
Filed by Western Car
riers to Become Ef
fective Today
Washington. November 30.—Investiga
tion of the railway freight rate situa
tion in western and middle western ter
ritory was ordered today when the in
terstate commerce commission suspended
now tariffs filed by western carriers to
become effective tomorrow. Under the
commission's ruling t lie new schedules
and the various regulations and charges
for special services included in the tar
iffs cannot become effective before March
31, 1915, having been prepared “pending
hearing nnd decision thereon."
In a general way the western carriers
sought to advance rates in conformity
with advances recently applied for by
eastern carriers in the so-called 5 per
cent freight advance rate case now be
fore the commission on rehearing because
of emergencies said to have arisen from
the European war.
Among the important rates suspended
were those proposed on grain and grain
products. Uhlrago to eastern seaboard;
stone and granite, Boston to western
points; fresh meats, New York to St.
Louis and East St. Louis. 111., on which
an Increase of 9 cents per 100 pounds
was sought; coal, live stock, fresh meats,
packing house products, hay, grain and
cotton piece goods between western trunk
line territory and southwestern points,
and uncompressed cotton llnters, concen
trated and compressed in transit at Alex
andria.
As to grain and grain products the sus
pended tariffs provided grain increases
of 1 cent per 100 pounds on carload
shipments from St. Paul and other north
western points, from Chicago and St.
Louis to points on the Atlantic and gulf
seaboards, and between Chicago and cen
tral freight association territory point*
The commission did not suspend one
way passenger fare increases in Central
Freight association territory, effective to
morrow, nor commutation and mileage
Increases, effective later In the month.
Encouragement
From the Houston Post.
“But she says she lias never given you
any encouragement."
“Did she say that?"
“She certainly did."
“She told me that her uncle was going
to leave her a fortune, and that he had
one foot in the grave. If that is not
encouragement I’d liko to know what
you call it."
—
We Make a Specialty
of Laundering
Dress Shirts
This is the time of year when
men are especially particular
regarding the laundering of
their dress shirts.
We have special equipment
and expert ironers to launder
these garments faultlessly.
We fully understand launder
ing the present styles of evening
dress shirts.
We are pleasing the best
dresBers in this city.
Phone us and we will send a
wagon.
Empire Laundry Go.
Telephones 225-226
___i
■
High Grade Whiskies
-— —
Whiskies—Bottled in Bond
4 Qts 6 Qts. 8 Qts. 12 Qts.
Yazoo .. $2.50 $375 $5.00 $ 7.50
Lincoln Springs .. 2.60 3.75 6.00 7.60
Stillmore . ........ 3.00 4.25 6.50 8.26
Ethelton. 3.26 4 76 6.00 8.75
Melwood .. 3.50 5.00 6.60 9.60
T. B. Ripy . 3.75 6.60 7.25 10.75
Old Grandad . 3-75 6.50 7.25 10.76
Bond & Lillard . 3.75 6.50 7.25 10.76
Cedar Brook . 3.76 6.60 7.25 10-76
Guckenheimer Rye •••••• 8.75 5.60 7.25 10.76
Clarke’s Pure Rye. 3.75 6.60 7.26 10.76
Jas. E. Pepper.«... 8.76 6.50 7.25 10.76
Overholt.. 3 75 6.60 7.25 10.75
Samanco.. 3.76 6.60 7.25 10.75
Sunny Brook.. 4.00 6.75 7.50 11.00
Green River. 4.25 6.25 8.25 12.00
Old Taylor... 4 26 6.25 8.25 12.00
Greenbrier. 4.60 6 50 8.25 12.00
Old Jordan . 4.60 6.50 8.25 12.00
Runnymede .. 4.60 6.60 8.26
Old Prentice . 4.60 6.60 8.25 12.00
Canadian Club. 4.76 7 00 9.-6 13.26
Old Crow... 6-90 7.26 9.50 14.00
Hermitage. 6.00 7.26 9.50 14.00
! NOTE—We do not pay express at these prices
Whiskies—Distillery Bottling
4 Qts. H Qts. 8 Qts. 12 Qts.
Pride of Tennessee . 22.00 22.90 23.75 to.’75
Golden Oak . 2.25 3.25 4.26 6.26
Ellentlale . 2 50 3.60 6.25 7.25
Oak Leaf. 2.50 3.50 6 25 7.25
Wee Nippy. 3.00 4.25 5.60 6.25
Paul Jones •.. .* 3.00 4.26 6.50 8.25
Kentucky Taylor . 3.60 5.00 6.75 10.00
Duffey Malt (short qts.) .... 3.50 6.00 6 76 10.00
Lewis 66 ...*..... 3.75 5.50 7.25 10.75
Yellow Stone . 4.00 8.00 8.00 11.60
Murray Hill Club..V. 4.00 6.75 7 60 11.50
Montecello. 4.00 5.76 7.50 11.50
(Cascade . 4.50 6.60 8.26 12.00 j
Hunter Rye (short qts.). 4.60 6 75 8.75 13.00 I
Old Forester .... 4.50 6.75 8 75 12.00
Old Prentice . 4.50 6.60 8.25 12.00 |
I. W. Harper (express prepaid) 5.00 7.00 9.00 12.00 |
Four Roses . 5.26 7-50 10.00 14.50
Three Feathers . 5.75 8 60 11.25 16.50 [
%
NOTE—We do not pay express at these prices |{
Order from Cairo for shipments to points in Tennessee and order from Memphis to
points outside of Tennessee.
Distributers BUDWEISER BEER CATALOGUE MAILED ON REQUEST
Sambucetti & Co.
Distillers and Wholesale liquor Dealers
817 Ohio Street, Cairo, HI. 86-88 N. Front Street, Memphis, Tenn.
Box No. 253 , Box No. 1115