The Birmingham age-herald. [volume], December 24, 1914, Page 9, Image 9

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

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Number of Speculative Is
sues Fall to Minimum.
Bonds Also Weak
New York, Qpcember 23.—For the first
time since the recent renewal of open
trading in all stocks there were unmis
takable signs today of general liquida
tion. A number of speculative issues, in
cluding United States Steel and Southern
Pacific, fell to their minimum, and many
others in the small class, including Canad
ian Pacifls. Union Pacific, Great North
ern preferred, Northern Pacific, Pennsyl
vania, Baltimore and Ohio, and United
States Steel preferred came near their
established low prices.
As usual, the receding movement be
gan with Steel, which held steady until
mid-day, when it broke new low ground.
Almost, immediately other leaders began
to decline, the w’hole list yielding a litttle
later when announcement of the reduced
Pennsylvania company dividend was
made. From that period the movement
was marked by increasing weakness with
only an occasional fitful rally. The sell
ing was too general for analysis, but
foreign offers and bear activities con
tributed their part, together with un
loading by discouraged investors.
After the close of the market Steel was
offered at 48, with no bid, and other
speculative issues showed little disparity
ir.between bid and asked prices. Today’s
closing quotations represented declines
of 5 to 30 points from the high of De
cember 36, the loss in cestain special
ties extending to 35 points.
Routine news, favorable in the main,
Included a more cheerful outlook for the
steel industry, easier money tendencies
and steadiness in foreign exchange, ex
cept francs and Hres. Regardless of
the course pursued by the steel and iron
stocks, yesterday’s decision of the United
States Steel corporation to maintain the
existing wage scale was accepted as
a sure sign of betterment in that Jndus
• try, and this was confirmed by the state
ment that a number of large equipment
( orders are Impending.
Weakness prevailed in bonds witn
marked pressure upon convertible and
low-priced issues. Total sales, par value,
were fl,503,000.
United States coupon 3's declined 3 per
cent on call.
Bonds
U. S. 2a registered . 96
TJ. S. 2s coupon ... 9G
TJ. S. 3s registered . 100
TJ. S. 3s coupon. 100
TJ. 8. 4s registered .108*
TJ. S. 4s coupon . 109%
Central of Georgia 6s .100%
Illinois Central ref. 4s. 85
'Ixmisville & Nashville un. 4s .... 91
Seaboard Air Line adj. 6s. 64%
Southern Railway 5s . 70*
Southern Railway gen. 4s. 64%
U. S. Steel 5s . 100%
Call Money
New York, December 23—Call money
steady; high, 4c; low, 3c; ruling rate, 3c;
last loan, 3c; closing bid, 294c; offered at
3c; time loans easy; 60 and 90 clays and
Blx months, 3%@4e.
Mercantile Paper
New York, December 23.—Closing mer
cantile paper 4@4M:C; sterling exchange,
firm; 60-day bills, 34.S2.7a; cables, 34.S6.63:
for demand, $4.86; bar silver, 4614c; Mexi
can dollars, 37\4c; government bonds,
heavy; railroad bonds, weak.
London, December 23.—Bar silvery 22>,4d
per ounce; money, 1%' per cent; discount
rates short and three months, 2 13-160274
per cent.
Metal Market
New York, December 23.—'Tin easy, 5-ton
lots, 333.23 ; 25-ton lots offered at $34; lead,
$3.7503.85; copper, unsettled; electrolytic,
$13.120113.50; casting, $13013.25. Iron, quiet
and unchanged. At Ixmdon spot copper
£67; futures £57 7s 6d; spot tin £144 5s;
futures £142 10s.
New York, December 23.—Lead, quiet,
$3.7603.85; London £19 as; spelter quiet,
$5.5506.66; London £27.
Lire Stock Market
Chicago, December 23 — Hogs: Receipts,
53,000; weak. Bulk of sales, $707.15; light.
$6.7307.lB; mixed, $6.8507.20; heavy, $6,800
7.^0; rough, $6.8006.96; pigs, $5.50@7’.20.
Cattle; Receipts, 5000; strong; native
steers, $5.40010; western, $5.1008.10; cows
and heifers, $3.1008.25: calves, $709.60.
Sheep: Receipts, 12,000; strong; sheep,
' $5.6006.50; yearlings, $6.7007.60; lambs,
$6.5008.65.
Kansas City, December 23—Hogs: Re
ceipts, 8600; lower; bulk of sales, $7,060
7.25; heavy, $7.1507.25; packers and hutch
erns, $7.1507.25; light, $707.20; pigs, $6,400
6.85 i ”‘718nia<s..
Cattle: Receipts, 8600; steady; prime
fed steers, $9.25010.25; dressed'beef steers,
$'.@9; southern steers. $5.5007.60; cows,
$4.5007.50; heifers, $6.2609; stackers, $60
$.15.
Sheep: Receipts. 3700; higher; lamhs.
$806.60; yearlings, $6.5007.60; wethers, $5.25,
06.25; ewes. $505.75.
St. Louis, December 23.—Hogs: Receipts,
•800; lower; pigs and lights. $5.7507.30;
mixed and butchers, $7.1007.40; good
heavy, $7,1007.35.
Cattle; Receipts, 3000; strong: native
beef steers, $7.50010; cows and nelfers, $50
’ 9.25; Texas and Indian steers, $5.7507.73;
cows and heifers, $406; native calves, $60
' 3.25.
Sheep: Receipts, 160; steady: native
muttons, $4.5006.50; lambs, $808.50; year
lings, $5.5007.50.
Sugar Market
i ✓New York, December 23.—Raw sugRr
firm. Molasses, 3.3Gc; centrifugal, 4.01c;
refined steady; sugar futures opened,
easy with prices unchanged to 10 points
lower. Late the market firmed up and
at midday was about unchanged from
- last night with sales of 900 tons.
Futures closed steady; February, 2.85c;
' May, 3.00c; June, 3.08c; September, 3.25c;
•ales, 900 tons.
Coffee Market
New York, December 23.—There was a
• little trade selling of futures in the cof
• fee market here today, while there ap
;; peared to be very tew buyers around the
ring, and after opening at a decline of
. 2 points, the more active positions sold
about 9 to 10 points lower. The close was
.at a net loss of 8 to 11 points. Sales,
: 3750; December, 6.10c; January, 6.10c; Feb
'! ruary, 6.18c; March, 6.28c; April, 6.37c;
: May, 6.46c; June. 6.35c; July, 7.28c; Au
. gust, 6.34c; September, 7.40c; October,
7.47c; November, 7.53c. Sppt quiet; Rio
* No. 7, 794c; Santos, No. 4, 10c: no change
;; was reported In hollreis prices at either
Rio or Santos. Rio exchange on London
;:%d. lower at 14 7-16d. Receipts at the two
■ Brasilian ports. 58,000;. Jundiahy, 48,000.
<• Cotton Seed Oil
•jt New York, December 23.—Cotton seed
; oil was lower under scattered liqulda
< tton and lack of demand for actual oil,
1 coupled with the declines In lard and
cotton. Final prices were 8 to 12 points
• I net lower. Sales, 11,100 barrels, There
:; will be no session of this market on Sat
;; urday, Decgmber 26, nor on January 2.
. Hubbard Bros. & Co.
| ;f^Somb?nnfe**?,Qrk"Ktton iKoKangw
Orleans Gotten iCxohangre. New
r : York Produce Bsehange. Associate
Members LiverpoolCotton Association.
Orders solfcltod for the Purchase and
Pot Cotton and Cptton Seed Oil for
re delivery. Special attention and
■al terms srlven for conslirnro^nto of
cotton for delivery. Correepond
InvUed.
_CLOSING STOCK QUOTATIONS
__Sales. High. Low. Close.
Sex. Pet. 500 52 51 51
N Y. C. 100 83% 81% 81%
N. Y„ N. H. &
Hart.2200 56 53% f.3%
N. & W.J*400 99 98% 99
Nor. Pao.3000 100 97% 97%
Pennsylvania ..11300 106% 102% 102%
Reading —--16000 144% 140% 140%
R. 1. * S. 1874
do pfd . 75
R. I. Co. ...,*-.1900 1 % %
do pfd .1400 1% 1% 1%
St U ft San Pran.
2d pfd . 2%
S. A. L. . 300 12% 12 12
do pfd . 43
Sloss-Shef. S. &
and Iron _ 100 22 22 22
Sou. Pao.6500 82% 81 81%
Sou. Ry. 14%
do pfd . 60
Tenn. Cop. 1400 30% 29% 29%
Texas Co.124%
T. & P. 100 12% 12% 12%
Union Pac.7600 116% 113% 113%
U. S. Steel _18200 49 48 48
do pfd . 800 104% 108% 103%
V. -C. Chem. 20
Utah Cop.2600 47% 46s, 46%
West. Union . . . 400 57 56% 561*
_Sales. High. Low. Close.
Xmal. Cop. . .. ldsoo T2T4 4<C, 43
Amer. Agri. 100 48 48 48
Amer. Can ....1700 2114 2314 2S»j
A. c. & F. 100 45 45 45
Amer. C. pfd .. .. 59!i
Amer. Cot. Oil. 38 ii
Amer. Smelt ...22*0 57 54 ’, 65
Amer. Snuff .. 148
Amer. Sugar...
Amer. T. & T. . 800 116U 116 116
Amer. Tob.?16H
Atchison .1100 9214 90 90
A. C. L. .107
B. tt 0.1800 6914 67’, 67>4
Can. Pac.1700 15594 153-S 153-4
Cen. Leatli.3900 37'4 36 % 6 %
C. & 0. 600 421a 41 ’4 41 >4
C-. M. & St. P. .1100 871- 85 85
Erie .3200 22 " 2114 2114
Gen. Elec. 400 139 13714 13794
G. N. pfd .1200 113 HIS, 112
111- Ceil. 200 108 108 108
Inter.-Met. pfd.. 100 60 50 50
K. C. f». 21
Lehigh Val.3400 134 130\ 130*1
L. & N.120
Liggett & Myers.215
T-orillard Co.170
M , K. & T. 9
: Mo. Pac. . . a. . • 200 1014 9’, 914
Totul salea for the day. 158,000 sn&res.
LOCAL SECURITIES
Kate. Hid. Asked.
Ala. F. * I.. 4 36' "~60~
Amer. C. Rys., pfd..... 6 40 45
Amer. C. Rys. ..
Amer. T. & Sav. Bk... 8 160 170
Avondale Mills, coin. .. 8 96 105
Avondale Mills, pfd... 8 100 108
Bessemer C. & I...... .. 50
B’ham T. & S.10 135 256
B’ham Baseball Asso.. 140 170
B’ham Realty Co. 4 150 175
Cham, of Com., pfd.... 7 <0 70
Com. Bank & T. C. .... 80 90
Corey Land . 50 75
Bast Lake Land . .. 76
Elmwood Cem. Co. .,.. 4 75 80
Empire lm„ pfd . * 100 102
Empire Im., com. 6 70 85
Ensley Land. 85 110
First Nat. Bank .12 235 265
Great Sou. Life ....... 9 11
Interstate Casualty .. 1 3
Jeff. Co. S. Bank . 8 150 160
Jefferson Fertiliser .8 105 120
M. & M. Bank a. 6 116 125
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
Hate. Bid Asked.
Ala. State ref, 1920 .. . 4 96 Too"
Ala. State Renew. 1956 Z% 80 85
Ala, State Renew. 1956 4 97 101
Amer. C. Ryu. 5 86 88
Ala. Cone. 5 75 SO
Bessemer C. & J.6 100 108
B. R., L. & P. 6 96 98 i
B. R.. L. & P. 4H 85 88
B'ham Ice Factory .... 6 100 106
B’ham R. & E.6 100 103
B'ham Waterworks .. 6 102 —A07
City of Birmingham .. 6 100 104
City of Birmingham .. 5 95 lOi
Continental Gin . 5 100 105
Jefferson County ..... 5 101 104
Jefferson County . 6 102 107
Jefferson County . 4H 95 101
Jefferson Realty . 8 100 105
Milner Land Co.6* 96 101
Nashville Railway .... 6 99 101
Pratt Consolidated .... 6 77 88
Sloes I. A S.6 100 102
Sloes 1. & S.92 95
T. C. I. gen. mtn. 6 95 100
T. C. I. Tenn. Dlv. 6 99 103
T. C. I. Ship Bldg. 6 99 103
T. C. 1. B’ham Dlv. 6 99 103
T. C. I. Cahaba Dlv_ 6 102 10*
Woodward Cong. 6 95 103
LIQUIDATION IS
FEATURE OF DAY
Causes Slump In Prices At
New Orleans — Decline
Was Expected
New Orleans, December 23.—Liquidation
in volume was in evidence In cotton to
day and was the main incluence on
prices. The market closed at the lowest
of the day, a net loss of 11 to 35 points.
On the opening call prices were 2 to 3
points over yesterday’s finals, but this
small advance was quickly wiped out.
The decline was a reaction from the
advance of the last fortnight, and was
not unexpected. Many recent buyers
were anxious to close out, in order to
realize profits before the holiday period.
Coupled with the liquidation was consid
erable hedge selling, a large part of
which, according to the gossip of the
market, came from Texas spot holders.
The market had a good tone at the de
cline and only moderate fresh short sell
ing came in. This selling was based on
the idea that when December sppt en
gagements were all filled there would be
a lull in the spot inquiry and a decrease
in the export movement.
New Orleans Cotton Futures
New Orleans, December 23.—Cotton
closed steady at a net decline of 11
to 15 points. _
High. Low. CJlose.
January .. 7........ L27 7.20 7.13
March . 7.53 7.38 7.38
May . 7.72 7.57 7.58
July . 7.93 7.79 7.78
October . 8.21 8.06 8.00
New Orleans, December 23 —The cotton
market opened steady. October, 8.20c;
January, 7.26c; March. 7.53c; May, 7.71c;
July, 7.93c.
New Orleans Spot Market
New Orleans, December 23.—Spot cot
ton steady; sales on the spot, 800 bales;
to arrive. 1950: good ordinary, 5 7-16c;
strict good ordinary, 5 15-16c; low mid
dling, 6 7-16o; strict low middling. 6 13-16c;
middling, 7 8-16c; strict middling, 7 7-16c;
good middling, 7 13-16c; strict good mid
dling, 8 3-16c. Receipts, 7836; stock, 315,
C96.
RELIEF^SHIPS
SAIL FOR BELGIUM
New York, December 23—Two more
ships loaded with food for Belgium sailed
from the United States today. They are
the St. Kentlgern, from New York and
the Ferrona, from Philadelphia. The St.
Kentlgern has on board 240,000 bushels of
wheat from the weat. The Ferrona car
lies a combination cargo made up of
contributions from the Belgian relief
fund, the Rockefeller foundation and the
commission for relief In Belgium.
One of the largest Individual gift* made
to relieve the suffering caused by the
war as announced today when the com
mittee raising funds for the American
ambulance hospital In Paris acknowl
edged the receipt of *26,000 from William
K. Vanderbilt. Within the past two weeks
this committee has received cables from
Paris calling for 100 automobiles to be
used as ambulances. Contributions for
Hits purpose already have resulted In the
purchase of 10 machines
TURKSAFRAID OF
BRITISH SUBMARINES
Washington, December 22.—Delayed
state department advices from Constan
tinople say that Turkish officials regard
the sinking of the battleship Messudleh,
blown up by a British submarine recently,
as a severe loss. The feat caused con
sternation In the Turkish capital because
of the fear that other submarines would
penetrate the Dardanelles.
Turkish officials, according to the same
novices, have been much p^rfurbed about
spies. They declare that every time the
Turkish fleet enters the' Black sea the
Russians Immediately are aware of the
movement and send a stronger force
against It.
Settling Mg Estate
< Gadsden, December 23.—(Special.)—The
estate of the late Capt. J. M. Elliott, val
ued at between *70,000 and *75.000, Is be
ing settled. The estate Includes some val
uable coal property In the proximity > f
Gadsden, the disposition of which will
be awaited with much Interest by local
concerns.
Signs War Loan BUI
Tbs Plague, December 23.—(Via London,
0:00 p. m.)—Queen Wllhelmlna In signing
a bill today for a war loan of 216,000,000
florins (*110,000.000) announced she would
personally underwrite 2,600,000 florins (*1,
009,000) of the amount.
WHOLESALE TRADE
CONTINUES GOOD
Produce Dealers On Morris
Avenue Have Abundance
Of All Supplies
Business in the wholesale district con
tinues excellent, and yesterday’s sales
are said to have reached a maximum for
the holiday season. Business today will
continue briskly, and the produce deal
ers expect to have supplies in abundance
to meet all demands. Turkeys and other
fowls have been disposed of in large
quantities this week to both the city and
suburban merchants.
Prices are firm in all lines, and dealers
express satisfaction regarding the holi
day trade.
LOCAL QUOTATIONS
Spot Cotton
Good middling- ..v#. 7^
Strict middling . t>%
Middling .
Strict lowr middling . 5%
The Iron Market
IF .*10.00010.50
2F . 9.50010.ub
»F . 9.0009.60
Gray Forge. 8.6009.00
IS .*10.(^010.50
28 . 9.60010.00
Poultry and E((i
ITena, 12c.
Live turkeys, 16c; dressed turkeys, 20c.
Fryers—1',4-134 lbs. average, 16c.
Ducks—15c lb.
Guineas—30c.
Roosters—35c.
Geese. 75080c.
Eggs—Candled. 23c; extra graded can
died, 28c; candled carton eggs, 30c.
Moiti
Extra Ribs—1134
Bellies—20-25c; 123ic.
Boston Butts—1234c.
Pork Loins—14c.
Breakfast Bacon—24c.
Spare Ribs—11c.
Regular Hams—10c.
Skinned Hams—17c.
Fruita and Produo*
Lemons—*3.50.
Limes—76090c.
Virginia Cabbage—2c lb.
Northern Apples—Barrel, fancy, *304.
Peanuts—6>4093ic.
Florida Oranges—*2.75.
California Oranges. *3.26.
Grape Fruit—*2.7603.25.
California Grapes—*2.75 per box.
Catawba Grapes—17c per basket.
Malaga Grapes—16.5006 per keg.
Tomatoes—*308.50 per orate.
Cocoanuts, *4 per sack.
Cranberries—Per box, *2; par barrel, *7.
Rutabagas—134c lb.
Celery—64.60..
Walnuts. 16020c per lb.
Pcans—16030c per lb.
Filberts—15c per fb.
Almonds—30c per lb.
Chestnuts—9c per lb.
Fish
Perch—8e.
■alt Water Trout—10013a.
Blue Catfish—7340.
Red 8nappet^-734c.
Gray Snapper—6c.
Mullet—60634c.
Spanish Mackerel—1334o pound.
Fresh Pompano—300360
Delaware Oyatara—Standards, 61.16 gal
lon; selects. *1.50 gallon.
Gulf oysters—*608.50 per 1006.
- Creamery Products
Creamery Butter—3201534c; procaoa but
ter, 30c; oleomargarine, 16022c.
Full Cream Cheese—17c; Imported Swiss.
33c; Pimento, doe., $136.
Flour and Breedetuffe
Belt-rising flour, 16.85; Tennessee flour
10.16; Michigan flour, *7.15; Idaho flour,
60.40; Indiana flour, *6.45: spring wheat
flour, *6.00; hard winter wheat flour, 10.061
aborts. *32; pure wheat bran, *29; C. 8.
meal, 734 P*r cent, *20; Cremo meal, per
ton. 622; C. 8. htllls. *9 ton; No. 1 timothy
hay. per tor, *24; mixed alfalfa and John
son grass, per ton, *19; pea green alf« Ifa,
western, *25; mixed feed. per.ton. *34;
oats, per-bushel, «5c; corn, per bushel, 85c;
commeal’. 61.65 per 90 pounds.
Hides and Tallow
Grein salt hide*, M017c; green salt
hides (half cured), 16016c; green hides,
(fresh), 14015c; dry flint hides, 28029c;
dry salt hides. 26027c; damaged hides,
half price; sheep eklns, 25060c, noise
hides, 6203; sherllngs, 15025c; goat skins,
30066c; kid skin*. 10c: tallow, 50«c: bees
wax, 28080c; washed wool, 20028c:
clear unwashed wool, 17022c; burry
wool, ]°012c; ginseng, *4.0006.00.
Naval Stores
Savannah, December 23.—Turpentine
firm, 4234c; sales none; receipts, 504; ship
ments, 140; stock, 34,907. Rosin firm; sales,
99; receipts. 1990> shipments, 2395; stocks,
142,507. Quotations unchanged.
Undertone Is Steady, But
Close Is At Lowest
Point of Day
New York, December 23.—Realizing in
advance of the holidays and talk of in
creased offerings from the south appeared
to be chiefly responsible for the reaction
ary ruling of the cotton market during
today’s trading. There was enough cov
ering and fresh buying for long account
to promote a steady undertone, but tho
close was at the lowest point of the day
and from 10 to 13 points under the final
figures of yesterday.
The opening was steady at an advance
of 13 points on December and 3 to 7
points on later months as a result of over
night buying orders a renewed demand
from houses with foreign connections
and covering by near month shorts. Of
ferings were heavier than recently, how
ever, while there was some selling here
of May and July by houses with southern
connections which led to apprehensions
that the advance had attracted some
hedging against supplies In the interior.
This encouraged local selling for a reac
tion and the market gradually eased off.
The easier ruling of the stock market
probably increased the tendency of re
cent buyers to take profits for over
Christmas, but the main factors discussed
on the decline were the appearance of
southern selling orders and talk of a
lull in spot demand after the filling of
December commitments. There will be a
meeting of members of the New York
cotton exchange on Monday to consider
proposed changes in the commission law
end the completed plans for a clearing
house for contracts.
New York Cotton Futures
New York, December 23.—Cotton
closed steady.
High. Low. Close".
January ..... 7.fi5 TTVs Ot
March . 7.80 7.63 7.62
May . 7.98 7.80 7.80
July . 8.13 7.98 7.98
October . 8.3ft 8.25 8.23
New York, December 23.~Cotton futures
opened steady; December, 7.40c; March,
7.76c; May, 7.97c; July, 8.12c; October,
8.38c. /
New York Spot Cotton
New York, December 23.—Spot cotton
quiet; middling, uplands, 7.65c; middling,
gulf, 7.90. No sales.
Port Cotton Movement
New Orleans: Middling, 7 3-16c; receipts,
7836, sales. 2780; stock. 315.696.
Galveston; Middling, 7%c; receipts, 19,
0>',: exports, 13,646; sales, 1063; stock,
436.768.
Mobile: Middling, 7 l-16c; receipts, 720;
sales. 560; stock. 49,889.
Savannah; Middling, 714c; receipts, 14,
246; exports, 3120; sales, 4096; stock, 266,
762.
Charleston: Middling, 714c; receipts, 2450;
stock, 125.618.
Wilmington: Middling. 714c; receipts.
1773; stock, 14,188.
Norfolk: Middling, 714c: receipts, 3402;
rales, 1114; stock, 77.372.
Baltimore; Middling. 714c; stock. 2562.
Boston: Middling, 7.65c; receipts, 29;
stock, 7400.
Philadelphia: Middling, 7.90c; receipts,
119; stock, 5963.
New York: Middling. 7.66c; stock, 86,
656.
Minor ports: Receipts, 6699; exports,
6699; stock. 68,166.
Total today: Receipts, 56,400; exports,
27,365; stock, 1,482,080.
Total for week: Receipts, 298,291; ex
ports. 175.107.
Total for season: Receipts, 4,308,544; ex
ports, 2,215,494.
Interior Cotton Movement
Houston: Middling. 7 9-lGc; receipts, 16,
121; shipments, 18,646; sales, 5265; stock,
173,039.
Memphis: Middling, 714c; receipts, 6748;
shipments, 4946; sales, 3700: stock, 272,911.
Augusta; Middling, 7 7-lGc receipts,
2849; shipments, 1G89; sales. 2301; stock,
162,387.
St. Louis: Middling, 714c; receipts, 6810;
shipments, 6588; sales, 150; stock, 32,864.
Cincinnati: Receipts, 1108; shipments, 132;
stock, 4490. Hi
Little Rock: Middling. 7c; receipts, 875;
shipments, 666; stock, 64,786,
Dallas; Middling, 7c; sales. 11,960.
Total today: Receipts, 33,211: shipments,
33,466; stock, 700,437.
Liverpool Cotton
Liverpool, December 23.—Cotton, spot
quiet; prices firm; American middling
fair. 6.44d; good middling, 4.82d: middling,
4.58d; low middling. 4.11d; good ordinary,
3.49d; ordinary, 3.04d; sales, 6000 bales, in
cluding 5600 American and 500 for specula
tion and export. Receipts, 86,000 bales.
Including 23,400 American. Futures closed
barely steady. May and June, 4.3114d;
July and August, 4.39d; October and
November. 4.60)id; January and Febru
ary, 4.6614d.
Liverpool, December 23.—Weekly cotton
statistics: Total forwarded to mills, 64,
000 bales, of which 67,000 were for Amer
ican; stock, 738,000; American, 406,000; Im
ports, 96,000; American, 79,000; exports,
3000.
Dry Goods Market
New York, December 23.—Southern
mills today accepted foreign orders for
2,000,000 pairs of cotton hosiery for ship
ment. Foreign laces were higher. Bur
laps were firmer and more active for
future deliver}-. Worsted yams were
firm. Cotton goods and yarns were
quiet.
Hubbard Bros. & Co.’s Letter
New York, December 23.—(Special.)
Prices here opened higher, being prac
tically on the 8c level for May. On this
advance free selling from the south ap
peared, and there was also considerable
realising so that the market sold off
slowly through the morning. There ap
peared to be less demand from continental
houses, and also less demand from Invest
ment buyers, so that the market felt the
effect of the southern selling. We are
of the opinion that the reaction may con
tinue further as the short Interests for
local account has been very much reduced
In the last few days. In the long run there
is no doubt that even at these prices cot
ton Is not dear but the situation Is so
complicated this season that It la not to
be expected prices will steadily advance,
and we must from time to time feel
ths weight of the known surplus. Should
the market now react we expect much
larger volume of forward buying from
spinners thaw on the preceding decline.
Montgomery Market
Montgomery, December 28.—(Special.)
Spot cotton was quoted here today as fol
lows: Good middling, 7c; strict middling,
694c; middling, 6Hc; strict low middling,
6c; low middling, 6*ic; strict good ordi
nary, 4%c; good ordinary, 314c- Market
quiet.
Tom Atkins Better
Gadsden, December 23—(Special.)—1Tom
Atklas, who slipped and fell under the
■wheels of a Louisville and Nashville pas
senger train while trying to board It
while It was running slow over the street
car crossing on Fourth street, is resting
well at the Halls hospital, following the
umputatlon of his leg. The Injured man
Is 26 years old and has a young wife. He
lives at East Gadsden and was return'ng
home after spending the day here seeking
employment. '
Reports of Angelo-French
Fleet Forcing Dardan
elles Affect Prices
Chicago. December 23.—Groundless ru
mors that an Anglo-French^ fleet had
forced the Dardanelles were largely re
sponsible today for wiping out a sub
stantial advance in the price of wheat.
The market closed nervous at %4c%®%
net decline. Cbrn finished %<&%€$%<'
above last night, oats up f?%c, and
provisions unchanged to 27%c down.
Italian buying of 1,260,000 oushels of
cash wheat hero gave the market early
an impressive show of strength. New
high levels being reached for the cash
and December deliveries with May jump
ing to within 2%c of the topmost figures
since European hostilities began. Then
vague stories that the Turks had lost
control of the Dardanelles, and that in
consequence millions of bushels of wheat
vould come through the Mediterranean
from Russ’a brought a pronounced break
Corn developed surprising stubbornness
in the face of the bearish action of wheat.
Small receipts were a factor.
The main influence upholding oats was
the purchase of 1,000,000 bushels here to
go to Italy.
Decline in the value of hogs carried
down provisions.
Chicago, December 23.—Grain and
provisions: _ _
Wheat— Open. High. Low. Close.
Dec _.126 1.26% l72lf*£ T.2T%
May . 1.28% fl.29% 1.28 1.28%
Corn—
Dec . 66 66% 65 66%
May . 71% 71% 71% 71%
Oats—
Dec . 48% 49% 48% V 48%
May . 63 53% 52% 53%
Pork—
Jan .18.65 18.85 18.76 1S.35
May .19.15 19.15 18.85 18.85
Lard—
Jan .10.32 10.35 10.30 10.30
May .10.85 10.57 10.47 10.47
Ribs—
Jan . 10.15 10.10 10.10
May .10.57 10.57 10.45 10.45
Kansas City Grain
Kansas City, December 23.—Wheat: No.
2 hard. $1.18%®1.20; No. 2 red, $1.12%®'1J9.
Corn: No. 2 mixed, 06%®66c; No. 2 white,
05%®66c. Oats: No. 2 white, 48%®62; No.
2 mixed, 44%®46%c.
Chicago Grain
Chicago, December 23.—Wheat: No. 2
red. $1.26%@1.27; No. 2 hard, $1.25%®1.27%.
Corn: No. 2 yellow, 66%6i66%c. Oats:
Standard. 49%®49e. Rye: No. 2, $1.10%.
Harley, 67®72e. Timothy, $4.75®?. Clover,
?12.50® 15. Pork, $17. Lard, $10.35. Ribs,
$9.62®'10.26. ^
SI. Louis Grain
St. Louis, December 23.—Wheat: No. 2
red. $1.23® 1.24; No. 2 hard, $1.23%® 1.29%;
December, $1.23. Corn: No. 2, 65%e; No. 2
white, 67c: December, 66c, Oats: No. 2,
48%c; No. 2 white, 50c; December, 48%c.
New Orleans Kice Market
New Orleans, December 23.—A quiet tons
ruled rough rice today, while the clean
grade remained steady. Quote: Rough
Honduras, 2.60®4.25c: Japan. 2.50®3.90c;
clean Honduras, 4%®6%c; Japan, 3%®
3%c. Rice and polished unchanged. Re
ceipts: Rough, 1731; millers, 1136; clean,
665. Sales: 300 sacks rough Honduras at
3.63c; 2849 pockets clean Honduras at
8%®'4%e; 000 pockets Japan at 2%®3%c.
Produce Market
New York, December 23.—Butler firm,
unchanged; receipts, 6320; cheese, steady
and unchanged; receipts, 1438. Eggs, stead
ier; receipts, 6457 cases; fresh gathered
firsts, 36c; seconds, 31®35c. Dressed poul
try dull and weak; western roasting
thickens. 14®’18c; fresh fowls, 12%®17c;
turkeys, 12® 21c.
Chicago, December 23.—Butter un
changed. EggB: Receipts. 2813 cases, un
changed. Potatoes unchanged; receipts,
25 cars. Poultry, alive, higher; springs,
ll%c; fowls, 10%c; turkeys, 13c.
8t. Louis, December 23.—Poultry un
changed, except springs. 10c; turkeys, 10c®
16%c. Butter unchanged. Eggs, 30®fllc.
Kansas City, December 23.—Butter, eggs
and poultry unchanged.
(
PROHIBITIONISTS TO
LAUNCH CAMPAIGN
Kansas City, December 23.—Members of
the prohibition party from Kansas, Iowa
and Missouri will meet hero January
3 to launch a new campaign to get the
names of 5,000,000 voters on petitions for
national prohibition. Among the speak
ers announced are Richmond P. Hobson
and Eugene N. Chafln.
The campaign will last 130 days and to
facilitate the canvass the country has
been divided Into 11 districts.
C. Q. Hall, In charge of the meeting"
to be held here, said the 6,000.006 signers
of the petition would be asked not u>
support any party In 1916 whose platform
does not declare for national prohibition.
Mr. Hall said a convention is being ar
I ranged, to be held either In Chicago or
I Kansas City In 1916 of 30,000 delegates. |
to force the Issue of natlon-W'ide prohibi
tion in the election of 1916.
ADVANTAGES WON
BY ALLIED TROOPS
I Amsterdam, December 23.—(Via X»oir
| don, 6:35 p. m.>—The Sluts (Holland! cor
respondent of the Tijd says:
! “The undeniable advantages won by the
allies along the Yser have given rise to,
some exaggerated reports. The fart Is
that the allies have prosecuted a vigorous
offensive and gained successes at Ypres,
and Nleuport, and that the Germans
have evacuated some small towns and
villages which the allies have not yet i
occupied; for instance. Roulers and Mid- I
delkerke. where only patrols of the allies
so far has appeared.
“The Germans now' occupy good posi
tions captured on Saturday from a British
regiment. Along this lino of new defense 1
they are digging trenches and strengtlken- ,
ins them with reinforced concrete.”
MARSHALL SPEAKS
IN PHOENIX, ARIZ.
Phoenix, Arz., December 23.—"We claim
the right to deal with all nations, irre
spective of their private wars," Vic*
President Thomas R. Marshall said here
today. "The United States must have
a world market, and we will get it under
the democratic administration."
The vice president said the election re
sults showed a disposition on the part
of the people to gl\e democratic policies
a fair trial. He added that the trouble
vith the people of the United States was
that they wanted results at once.
"They are like the children who plant
seeds one day and dig them up the next
tc see if they have sprouted.” he said.
"But business changes must come
slowly."
RUBBER INDUSTRY
FACES A CRISIS
New Yrork, December 23.—The rubber in
dustry of the United States faces a gTave
situation as the result of the British, em
bargo upon exportation of crude rubber
from Grent Britain and her colonic®, ac
cording to a statement issued today by
the Rubber Club of America, whtch in
cludes the lending American rubber manu
facturers and importers. An advance in
prices is imminent unless the iimbargo
soon is removed, the statement says, and
idleness faces many of the 125,000 persons
employed in the industry.
The statement adds that ow'lng to "the
uncompromising attitude of the British
government” nothing has be**n accom
plished by tl\.e American state department
toward raising the embargo.
CADETS GRANTED
CHRISTMAS LEAVE
West Point, N. Y., December 23>.—More
than SOU cadets of .the three upper classes
of the military have been granted Christ
mas leaves ranging from four to eight
days from today. The entire "Plebe”
class must remain here over the holi
days.
Transport Arrives
« Philadelphia, December 23.—The United
States transport H&noock arrived here
today with 650 marines who have been on
duty In Haiti and Mexico. One hundred
and thirty of the marines will be added to
the contingent at the Philadelphia navy
yard and the remainder will bo sent to
various Atlantic coast stations.
GENERAL EXODUS
FROM THE CAPITAL
State Officers Leave For .
Homes to Spend Christ
mas Holidays
Montgomery. December 23.—(Spe ial >
During the past few days there has been
«n * exodus of officials from the state
capitol, tho Christmas season calling them
to their homes In various parts of tho
state. Only those who have taken up
their permanent residence in Montgomery
will be here for Christmas day.
The governor of Alabama will probably
spend Christmas In Montgomery, though
it is announced that he may go to bis
home at Florence sometime during Christ
mas week. Other officials, pot living »n
Montgomery, have already departed for
^lheir homes, and will be absent until th 1
Qrst of next w’eek.
Owing to the nearness of the holUtay
season, little business of Importance 1ms
been transacted at tho capitol during
the past few days. The governor has
been engaged day and night In the con
sideration of parole and pardon matters,
and both the hoard of pardons and con
vict department have spent considerable
time in the investigation of parole cases.
The mo mb or a of the supreme court am;
court of appeals, while busy this week
In the preparation of opinions in case <
assigned to them, and not sitting in regu
lar session this week. The two npiw'IWtc
courts will bo In recess until .January It.
at which time cases from the Seventh
Judicial division will be called. The courts
last Thursday disposed of practically all
the cases on the docket.
On the whole, practically all the stale
officials arc preparing, for Christinas
Those who have not already left for
their homes are busy with their holiday
shopping and making other preparation'*
for the yuletidc sew son. Hence, durinu
the nrxt few days the state capitol will
bo a dull place and there Will be hardly
any activity displayed on the part of
! the various officials.
Marriages in Roanoke
Roanoke, December 23.—(Special.)—'lne
ove of the holidays witnessed two mar
riages In Roanoke. At 1 o’clock Tues
day afternoon at the borne of Mr. and
Mrs. H. H. Ward their daughter. Miss
1 Cteo Ward, was married to Mr. Richard
I Id. Edwards, an engineer in the employ
of the Atlanta, Birmingham and Atlantic
I railroad. They left at 1:26 for Atlanta
| and other points. The Rev. J. W. Rucker
officiated in the ceremony. The same
day at 8 p. in. the Rev. E. W. Glenn
spoke the words that united in marriage
Mr. (’««« M. Radney and Mrs. Ell la Aw
bi.ey, the ceremony occurring at the home
of the bride’s moth of, Mrs. W. C. Orr.
The following morning Mr. and Mrs. Rad
ney left for Alexander City, where they
will spend a few days with relatives.
COTTON
Mr are prepared to make liberal
udvaatecM on <*«»ri*lu timeiitn of Cotton
and to at ore Maine In modern, up-to
date warehouses. We Invite eorrea
pnndenee from (hone Interested In
Nhlpplng and lioldlmt cotton. j$
Orders executed for Future Deliv
ery ou the New Orleans, New York
and Liverpool N otion Kxehange*.
Lehman, Stern & Co., Ltd.
New Orleans
ESTABLISHED 1 Stiff.
LOANS ”
Applications received for LOANS on
improved and unimproved FARMS and
CITY PROPERTY. Amounts from $100
up, for term of years at 6 per cent In
terest. Write at once.
Farmers Securities Co.
Healey HulldiiiK Atlanta, Ga.
I
This Beautiful Stein Free
For This Week Only
And as long as
they last, we are
going to give
FREE to every
purchaser of a j
bottle of
Highspire
Pure Rye
Whiskey
the Whiskey that I
has given satis- j
‘ faction for nearly
100 years — a f
beautiful litho- I
graphed Stein di- I
rectly imported
from Germany. I
ONLY $1.25 TER FULL
QUART
The Piers Place
A. R. WALSTROM, Manager I
110 N. 20th St. Phones 9248,1342 j
....y. I-1
1