The Birmingham age-herald. [volume], February 12, 1915, Page 9, Image 9

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

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HEAVY BUYING
OF U. S. STEEL
Steady Advance of Steel
Common Chief Feature
of Stock Market
Sisw York, Feb. 11.—Heavy buying of
Hated States Steel Common at steady
adtances was the chief feature of to
day’s strong and broad market. Large
individual lots of the stock changed
liinds from the very outset and at no
tpie did it recede more than a mere
faction. At the end of the session it!
Mowed a net gain of 2 3-8 points or $
1-8 above its minimum.
Rumor was busy with the movement I
In steel, gossip attributing its strength!
to a possible compromise of the suit
brought by the government. Apart from
this. . however, the company's favorable
statement of January tonnage, as pub
lished yesterday, together with the fact
that many of the larger steel plants
have recently decreased their output by
more than 6*> per cent, were regarded as
sufficient cause for the rise.
The entire list shared in the movement
but it was noteworthy that most of the
substantial gains were in high class or
Investment issues, as against the recent
spasmodic advances in specialties. Un
ion Pacific and Southern Pacific were
assisted by declaration of the regular
dividends, even though no changes had
l>een expected in well informed quarters
The decision of the Interstate Com
mission regarding freight charges be
tween the Missouri River and Pacific
Coast points has the effect of revising
long haul rates and puts the lailroads
traversing that territory in a better po
sition to meet Panama Canal competi-1
tion. This phase was reflected in the
better inquiry for all trans-continental i
shares at substantial advances.
Voluntary wage increases to miners in ]
the Michigan copper region, together
with the restoration of the Calumet and ;
ilecla dividend after a lung period of;
suspension measured the improvement in
that industry. The annual report of the]
Republic Iron and Steel Company, show-1
ing a net loss of over $2,000,000 for 1914,
testified to the recent adverse condition
in that trade.
London manifested great interest in
American shares, Steed and Canadian
Pacific being in request. Revision of
minimum prices on the London exchange
is under consideration. In contradistinc- ]
tlon to the Bank of Germany, today’s
statement of the Bank of England re- j
ported another loss of gold.
Bonds were strong in all departments,
some of the low priced issues making
pronounced gains. Total sales, par value
$2,074,000.
United States bonds were unchanged
on call.
Bonds
1\ S. 2s, registered . 98% i
l\ »S. 2s coupon . 98% :
U. S 3s registered . 101% !
U. S. 3s coupon . 101%
U. S. 4s registered . “ni
U. S. 4s coupon .
Panama 3s coupon .
Central of Georgia 5s .
Illinois Central ref. 4s . 86% .
Louisville & Nashville un. 4s .... 9344
tfeaboard Air lane ad.i. os . 67*4
Southern Railway 6s . 99^
touthern Railway gen. 4s . 6644
r. S. Steel 5s. 101'*
Mercantile Paper
New tfork, February 11.—Mercantile
paper, 3%@4 tier cent; sterling exchange
weak; 60-day bills, $4.81.25; for cables,
$4.83; for demand, $4.82.75. Bar Silver.
48%c. Mexican dollars, 37%c. Government
bonds steady; railroad bonds strong.
Time Joans firmer; 00 days, 2%@2\ per
cent; 90 days, per cent; six months.
3Vi©3% Per cent. Money on call steady;
high, 2 per cent; low, 1% per cent; ruling
rate, 2 per cent; last loan, 2 per cent; clos
ing bid, 1% per cent; offered at 2 per
cent.
London. February 11.—Bar silver,
22 ll-16d per ounce. Money. 1 per cent.
Discount rates: Short bills, 1%@1 6-16 per
cent; three months, 1%@1 6-16 per cent.
Bank of France Statement
Paris, February 11.—The statement of
the Bank of France for the week ending
February 4 shows the following changes
from the last report issued: Notes in cir
culation. increased 172,677,000 francs;
treasury deposits decreased 7,222,000
francs: general deposits decreased
30,204,000 francs; bills discounted, in
creased 1.749,000 francs: advances, in
creased 135.6S7.000 francs; gold, decreased
253,000 francs; silver, decreased 1,124,0001
francs.
Bank of England Statement
London, February 11.—The weekly
statement of the Bank of England show.s
I the following changes: Total reserve, de
creased £32,0tK); circulation, decreased
£412,000; bullion, decreased £444,097; other
securities, decreased £3,473.000; other de
posits, decreased £8,106,000; public depos
its, increased £7.835,000; notes reserve, de
creased £101,000; government securities,
increased £3,254,000. The proportion of the
bank’s reserve to liability this week is
31.57 per cent; last week It was 31.53
per cent. Rate of discount, 5 per cent.
Live Stock Market
Chicago, Feb. 11.—Hogs, receipts. 43,000,
Strung. Bulk $6.55@86.65, light 86.40@16.i0,
mixed $6.45@$6.72%. heavy $6.9U@$6.t>5,
rough 86.25@I6.40, pigs $5(&$G.G0.
Cattle, receipts 5,000, firm. Native Steers
fo.45@88.70, western M.80@87.30, cows and
neifers $3.15@17.75, calves $7@110.2o.
Sheep, receipts 14.000. weak. Sheep
F6.25@$7, yearlings 87.25@87.75, lambs $9.6J
@88.25.
St. Iajuis, Feb. 11. —Hogs, receipts 21,
W0, lower. Pigs and lights $6.76fa86.80,
nixed $6.65@8G.83, good heavy $6,70@86.85.
Cattle, receipts 2,000, .ower. Native
>eef steers 87@88.50, cows and heifers
5@ 88.25, stockers $5.25@ 877.25, Texas and
Idlan steeds I5.75@87.75.
Sheep, receipts 1,(100, lower. Native
Buttons 8o@86.10, lambs S6@88.35, yearlings
7@87.50.
Kansas City, Feb. 11.—Hogs, receipts
,000, steady. Bulk 8G.45@86.5o, ht»avy 86.45
[86.55. packers 86.45(080.55.
Cattle, receipts 2,000, slow. Prime steers
>@88.75, dressed beef steers 86.75@87.75,
outhern steers *5.5u@$6.75, cows 84.25@
1.50, heifers 85.5Q@88, stockers $5.50@87.
Sheep, receipts 4,000. steady. Lambs
.G0@8S.15, yearlings 86.75@87.5o, wethers
l@86.60, ewes 85.60@86.15.
Sugar Market
New Ydrk, February, 11.—There was a
jfther sharp decline in sugar futures at
16 opening today, but after showing a
*i loss of 20 to 21 points on heavy liqui
t'tlon the market rallied on covering
id trade buying. Price, at noon were
to 11 points net lower. Raw sugar easy;
olasses, 4c: centrifugal. 4.7Tc; refined
eady. *
Prices bended in the afternoon and the
•trket closed easy and from 6 to 19
lilts lower. Sales. 18.000 tons; February,
3.51c; May, 3.65c; Julie, 3.70c; July. 3.75c;
.September, 3.83c.
Spot sugar closed easy; centrifugal,
4.64c; molasses sugar, 3.87c. Sales. 100,000
bags.
Metal Market
New York, February 11.—Tin easy; 6
ten lots. 336.12@30.63; 20-ton lots offered
at 337. Copper steady; electrolytic, 14.62®
!4.S7c: casting. 14.26@l4.62c. Iron steady
and unchanged. At London: Spot cop
per. £63 5s: futures. £63 IBs. Spot tin,
£177: future's. £154 6s.
New York. February 11.—Lead steady,
33.76®3.85. London, £18 16s 3d. Speltel- firm,
38.15@S.40. London. £39 IBs.
Coffee Market
New York. February 11.—There was
further liquidation and scattered trade
selling in coffee futures today which
seemed to be inspired by a further sharp
decline in the rate of Hlo exchange on
London and predictions of a further de
cline in cost and freight offers. The
market opened at a decline of 2 to 5
points and closed at a net loss of 10
to 19 points. Sales, 29,260; February,
5.53c; March, 5.58c: April, 5.67c: May,
5.76c; June, 5.76c; July, 8.85c; August,
6.92c; September, 6.99c; October, 7.05c;
November. 7.11c; December. 7.18c. Spot
irregular; Rio No. 7, 776c; Santos No. 4.
9?6c. Today’s cables reported Rio ex
change on London at 12 76d. Milrets
prices were 75 reis higher at Rio, but
unchanged at Santos. Brazilian port re
ceipts. 47.000; Junldahy receipted 30,
000. The cost and freight market was
unsettled owing to the confused state
of exchange and few quotations were
available.
Cotton Seed Oil
New York, February 11.—Cotton seed
oil was higher on reports of export de
mand. firm crude markets, buying for
western account on the big advance in
hog products and the scattered short
Covering. Final prices were 8 to 11
points net higher. Spot. 7.12®7.30e;
February, 7.12@7.20e; March, 7.21#
7.26c; April, 7.24@7.30c; May. 7.30®7.32e;
June, 7.38@7.45c; July, 7.48@7.50c; Au
gust, 7.69#7.67c; September, 7.70@7.71o;
total sales, 17,300.
Naval Stores
Savannah, Ga„ February 11.—Turpen
tine firm, 4276c; sales. 78; receipts, 96;
shipments, 6; stock, 35,149. Rosin quiet;
sales, 124; receipts. 1076; shipments.
100: stock. 137,331. Quote: A, B, 33.05;
C. D, 33.0 7 76; K, 33.10; F, 33.15; G.
33.1776; H, I, 33.20; K, 33.40; M, 34.00; X,
35.00; WG, 35.40; WW, 35.60
Hubbard Bros. & Co.
*«»n Merchant* Hanover Square, N.
Members New York Cotton Exchange,
i\v Orleans Cotton Exchange, New
rk Produce Exchange, Associate
mbcrs Uve ’ ton Association,
dcrs suliciti * *oe and
le ’of Cottor 0*1 for
Lure deliver on and
eral terms icnts of
jt cotton f (spond
ee Invited
CLOSING STOCK QUOTATIONS
_ Sales. High. Low. Close.
Amal. Cop.16400 55\ 54<4 6o7»
Amer. Agri. 6074 50 60 >4
Amer. Can ....7100 299* 28*4 28 78
A. C. & F. 300 45’8 45'i 45’s
Amer. C. pfd .... 5074
Amer. Cot. Oil .3100 48s, 47-S, 48
Amer. Smelt. ..12700 6674 64'i 66=4
Amer. Snuff .148
Amer. Sugar ...10 00 1 0 5 74 104’4 70574
Amer. T. & T. . 300 12094 120*.. 120*1
Amer. Tobacco
cx div 5s .. 200 23374 232 232
Atchison .5000 95S 9494 95*4
A. C. 1* . 104 74
B. & 0.2600 70 7* 69\ 70
Can. Pac.2800 159*, 158'4 169
Cen. Leath.14200 37S* 3 6 74 3 7 74
C. & 0.1700 42*» 4 1 94 4 2Ji
C„ M. & St. P. .14 0 0 8 8 8 7 74 8 7 44
Erie .3500 22 74 22 9, 2194
Hen. Elec. 300 143 142’8 143
U. N. pfd .1800 116*4 114’,; ’16
111. Cen. 100 107‘a 107 7- 107 74
Inter.-Met. pfd .4900 58*, 6774 67»»
K. C. S. 100 22*4 2214 2274
l.eh 1 gh Val.4400 135*4 133’, 7 34 74
E & X.119
Liggett & Myers.205
Ijorillard Co.180
M.. K. * T. 20 0 1174 U . 1174
Mo. Pac. 2100 12 93 12 12
Sales. High. Low. Close.
Mex. Pet.6900 77 76*4 76*4
N. Y. C.4000 86 85 85*4
N. Y.. N. H.
& Hart.2100 51 49 * 51
N. & W.100 101 101 101
Nor. Pac.2400 105 103% 104*4
Pennsylvania’... 1000 . 106
Reading .33100 145 s* 144 % 145*4
R. I. & S.2100 21 20*4 21
do pfd . 300 77 76 77
R. I. Co. ... ai
do pfd . 200 ltt l‘i 174
St. I* & San F.
2d pfd . 3»a
S. A. I..100 12 "4 12 74 127»
do pfd .1500 37*4 36 37
Sloss-Sheff. S.
and Iron .... 500 26% 2574 26%
Sou. Pac.13600 85 % 84*2 85%
Sou. Ry. 600 16 15*4 15%
do pfd .1800 51 50 50 %
Term. Cop. 1600 30 29% 30
Texas Co.131
T. & P. 12*4
Union Pac. ...17500 121*4 120*4 121%
U. S. Steel _65600 4 4 74 4 2% 44%
do pfd .5900 105*8 104 J05
Utah Cop.6600 54% 53*4 54*4
V. -C. Them. 500 22*4 21 22*4
West. Union ...1500 64 63*4 63%
Beth. Steel . ..7800 57% 56 56%
Total aal*s lor the day, 352.600 shares.
LOCAL SECURITIES
Rate. Bid. Asked.
STOCKS
Ala. F. * I. A 42 52
Amer. C. Rys. pfd .. 6 50 52
Amer. C. Rys . 20 35
Amer. T. * Sav. Bk... 8 150 170
Avondale Mills, com. .. S 25 105
Avondale Mills, pfd... « 100 108
Bessemer C. & I. .. 45
B’ham T. & S. .10 ZS5 255
J’ham Baseball Aaso.. 140 170
B'ham Realty Co. 4 150 175
Cham, of Com., pfd.... 7 40 70
Corey Land . 60 70
Bast Lake Land . .. 76
Flmwood Cem. Co. 4 65 75
Empire Jm„ pfd . ■ 100 102
Empire lea., com. 6 70 *6
Ensley Ladd. 86 110
First Nat. Bank .12 225 255
Great Sou. Life . 0 11
Interstate Casualty .. 1 8
Jefferson Fertilizer ... I 105 120
M. & M. Bank . 5 115 125
North B'ham Land ... 15 22
Fealty T. C., coin. * 100 110
Realty T. Co., pfd_8 100 110
Sou. States Fire . 1 8
Traders Nat, jtank .... 9 150 180
~ Rate. Bid. Asked.
BONDS
Ala. State ref. 1920 ... 4 96 100
Ala. State Renew, 1956 ^ 10 85
Ala. State Renew, 1956 4 97 101
Amer. c. Rys.6 80 88
Ala. Cons.i 75 80
Bessemer C. & 1.6 100 103
B. R., L. & P. 6 96 39
B. R., L. & P. 4 ^ 87 90
B’ham Ice Factory .... 6 100 106
B'ham R. & E. 6 90 101
B'ham Waterworks .. 6 102 105
City of Birmingham .. 6 100 104
City of Birmingham .. 5 95 101
Continental Gin .5 100 105
Jefferson County . 5 101 104
Jefferson County . 6 102 107
Jefferson County .4Vi 95 101
Jefferson Realty. 8 100 105
Milner Land Co. 6 96 101
Nashville Railway .... 5 99 101
Pratt Consolidated .... 6 77 83
Sloss I. & 8. 6 99 100
Sloss 1. & S. .4 Vi 92 95
T. C. I. gen. mttf. 5 95 100
T. C. I. Tenn. Div. 6 99 103
T. C. I. Ship Bldg. ... 6 101 ICo
T. C. 1. B’ham Div. 6 99 103
T. C. I Cahaba Div_ 6 102 104
Woodward Cons. 6 95 102
AU DECLINE
Undercurrent of Buying
Keeps the Cotton Market
From Breaking
—
I New Orleans, February 11.—While cot
ton opened at a decline and closed at a
decline, today, prices made no great loss,
standing at the lowest 7 to 8 points down
and closing 6 to 8 down. There was an
undercurrent of buying which kept the
market from breaking, although the
scalping element offef^d short cotton
every time the market acted as if it
would lose a point.
The initial loss was caused by poor ra
bies, while in the afternoon the market
was attacked after it was reported that
England was considering measures aimed
at the commerce of Germany which prob
ably would interfere with exports of cot
ton from this country.
The one bullish feature of importance
o fthe session was the report from Sa
vannah that HT boats were booking cotton
for clearance from that port, among them
the first barques in years to load cotton
there. Local bulls estimated that this
meant exports of about 400,000 bales from
that port in the next few weeks. While
this showing by .Savannah caused much
bullish comment, It resulted in only lit
tle fresh buying.
New Orleans Cotton Futures
New Orleans, February 11.—Gotton
closed steady at a net decline of 6
to 8 points.
High. Low. Close.
March . O5 8:27 8l»
35ay . S.56 8.50 8.61
.July . 8.76 8.70 8.71
October . 0-01 8.95 8.95
December . 9.10
New Orleans. February 11.—Cotton
opened steady; March, 8.28c; May, S.53c;
July. 8.72c; October, 8.99c; December. 9.14c.
New Orleans Spot Cotton
NeW Orleans. February 11.-Hpot cotton
easy and unchanged. Hales on the spot,
2000; to arrive. 1000. Good ordinary. 6 7-16e;
strict good ordinary, 6 16-10e; low' mid
dling. 7 7-16c; strict low middling. 7 18-19c;
middling, s 3-lGc; strict middling. 8 7-16c;
good middling. 8 13-16c: strict good mid
dling. 9 3-ltic: receipts. 13,468; stock, 446,3*.
MORRIS AVENUE
BUSINESS EAIR
Eggs Becoming Plentiful.
Cotton Falls Off l-16c
on All Grades
Business on Morris .avenue continues
fairly good. Trade in the flour and
grain markets is reported active, and
prices remain firm. The demand for
poultry and eggs holds up well, and sup
plies are abundant. Eggs are excep
tionally plentiful at this time and large
shipments are received daily.
Cotton quotations were off l-16c at
the close lust night on all grades.
LOCAl/QL OTAT10NS
Spot Cotton
Uood middling . 8 3-16
Strict middling . 7 16-16
Middling . 7 9_i<;
Strict Inn- middling . 6 16-16
The Iron Market
.HO.006110.60
SF .0.60I&10.W
. 9.006,9.60
Uray Forge. *.60®8.00
18 .*10.uw#10.60
*8 . 9.60^ 10.00
Poultry and Ern
Herts, 16c. ““
Live turkeys, 17c; dressed turkeys, 20c.
Fryers—1'*-1V4 lbs average, 18c.
Ducks—16c lb.
Guineas—30c.
Roosters—66c.
Ueese—76090c.
Fresh country eggs-2Sc; fresh candled
26c. graded carton eggs, 27c.
Meat*
Extra Ribs—114c.
Reliles—20-25c; 124c.
Boston Butts—12c.
Pork Loins—13c.
Breakiast Bacon—;24a,
Spare Ribs—10c.
Regular Hams, 16c.
Skinned Hams—lt>4c.
l'ruiti ana Produce
Lemons—68.50.
Limes—61.26.
Florida Oranges—61.7502.26.
Barrel Oranges—62.75.
Grapefruit—61.7502.26.
Tangerines—61.75 per strap; 62.50 per box
Florida Strawberries—30040c qt.
Apples—York Imperial, 6303.50; Bald
wins, 6303.25; Grimes Golden, 6404.50; Ben
Davis, 63.5003. Box apples, 11.2601.76.
Peanuts—514®6Vic per lb.
Jlalaga Grapes—65®u per keg.
Tomatoes—62.6003 per crate.
Cocoanuts—64 per sack.
Cranberries-Per box, 61.7602; per bar
rel, 67.
Celerj—64.50 crate, 80c dozen.
Walnuts—10020c Hi.
Pecans—124020c per lb.
Filberts—16c per lb.
Almonds -20c per lb.
Chestnuts—8c per lb.
Lettuce—61.2502.26 hamper.
Eggplants—63.50.
Green Peas—J2.75.
Green Beans 62.50.
Onions—24c per lb.
Spanish Onions—61.75 per crate.
Sweet Potatoes—»0c per bushel.
Irish Potatoes-76c per bushel.
Cabbage—2c per lb.
New Cabbage—61.76 per crate.
London Layer Haisius-61.75.
California Flgs-62 per case. *
Seed Potatoes—6101.20 bu.
Onlun Sets—61.7602 bu.
Craamary Products
Creamery Butter—3203*40; process but
ter, 3uc;- oleomargarine, IIQIIl.
Full Cream Cheese—17c; imported Swiss.
33c; Pimento, dos., 11.66.
Fish
Perch—Sc.
Halt Water Trout—UVi®12c.
LjiUe Catfish—7V$c.
lied Snapper—SVi©9c.
Gray Snapper—4®6c.
Mullet—£®6c.
Spanish Mackerel—12V$@16c.
Freen Pompano—80®3ir
Delaware Oysters—Standards, ll.lt gal
Ion; aelects. 11.40 gallon; extra solects,
11.60.
Gulf Oysters -$3©3.60 psr UtM.
Hides and Tallow
Green salt hidas. 16® 17c; gresn salt
bides (half cured}, I6©16c; green bides,
((resit), 14® 15c; dry flint hides, 28©»c;
dry salt hides, 26©27c; damaged hldsa,
half price; sheep skins, 60©60c; horse
hides, $2©3.50; alterllngs, 15®25c; goat
skins, 30©36u; kid skins, 10c; tallow, 5©c;
skins, 30@35c; kid skins, 10c; tallow, 5®6c;
cleun unwashed wool, 20©23c; burry wool,
12©15c; ginseng. t4©5.
Flour and Breads tuffs
Self-rising flour. $8.60; Tennessee flour,
$8; Michigan f,tur, $8.95; Idaho flour,
8.20; Indiana f ir, >8.20; spring wheat
flour, 88.65; hard winter wheat flour, 18.30;
shorts. 833; pure wheat bran, $32; C. 8.
meal. 7Vi per cent, $28: Cremo meal, per
ton, $23; C. 8. hulls, $10 tun; No. 1 timothy
hay, per ton, $25; mixed alfalfa and John
Hon grass, per ton, $19: pea green alfalfa,
western, $25: mixed feeds, per ton, $34;
oats, per bushel, Tic; corn, per bushel, $1,
corn meal, 91.90 per % pounds.
1
QUIET BUSINESS
ATip YORK
Cotton Eases Off Under
Scattered Liquidation.
Close Barely Steady
New York, February 11.- After a nearlv
featureless morning cotton eased off un
der scattering liquidation and close l
barely steady at a net decline of t» to 9
points.
The opening was steady at a decline of
2 to 3 points in response to lower cables,
but the decline In Liverpool was attributed
to the liquidation of straddles, the short
end of which had been covered here late
yesterday and there was no Important!
selling pressure around the local ring.
General business was quiet and most i
of the early trading was supposed to bo
hi the wax of evening up accounts for j
over the holiday and the week-end. A ,
few southern selling orders were attri
buted to hedging eastern belt cotton, but
Wall street houses were quiet buyers on
the dips, and it was not until the mlddlo:
of the afternoon that the market showed '
any activity of consequence. Offerings
then became a little more active, owing |
to apprehensions that England might
take more stringent measures against
German oversea commerce, which might
possibly interfere with cotton shipping.
Many local traders are not inclined to
believe that England will ever put cot
ton on the list of contraband, but there
were comparatively few buyers around
the ring In the late trading and late
months sold about 5 to 9 points net lower.
The announcement from Washington
designating the 10 spot markets whose i
quotations may be used in fixing differ- ,
races between grades delivered on fu
ture contracts on the exchanges was
awaited with much interest during the,
afternoon, and it was anticipated that
if all necessary information was axail
nhle. there would be a meeting of the !
New York revision committee next Mon-j
day afternoon. Official reports showing i
the large Increase In the fall sowing of !
wheat and oats in the cotton states helped I
h< steady prices during the morning.
New York Cotton Futures
New York, GFebruary 11.—Cotton
closed barely steady. ___
High. Low, Close
March .. 8.61 8.69 8.67
May . 8,88 8.81 8,81
July . 11,09 9.00 9.00
October'.'.'. 'J 32 9.2 1 9.2 1
1 Iecember . 9-46 9.4" 9. Os
Port Cotton Movement
New Orleans: Middling, 8 3-16c; receipts.
13,468; sales. 3000: stock, 446.360.
Galveston: Middling. 86ie; receipts, 26.
654; sales, 1618; stock, 678,043.
Mobile: Middling. 8c; receipts. 306; sales.
200; stock. 45.863.
Savannah: Middling, S8,c; receipts, 9401;
exports, 34,612; sales, 4803: stock, 2S8.423.
Charleston: Middling, S'sc: receipts, 1137;
sales, 200; stock, 141,463.
Wilmington: Middling, 8t»c: receipts,
1709 stock, 66,926.
Texas City: Receipts, 3636.
Norfolk: Middling. 8itc: receipts. 4179:
shIcs. 1804: stock. SS.S63.
Baltimore: Middling. 80*0: stock. 3753.
Boston: Middling. 8.65c; receipts, 506;
stock. 10,460.
Philadelphia: Middling. 8.90c; receipts,
10; stock, 9623.
New York: Middling, S.6oc; receipts, 304;
exports, 2784; stock, 105,581.
Minor Ports: Receipts. 892; exports, 892;
stock, 136,846.
Total today; Receipts, 61,204; exports,
38.1RS; Stock. 1,912.134.
Total for week: Receipts, 363,108: ex
ports, 329,913.
Total for season: Receipts. 7,214,603; ex
ports, 4.460,170.
Interior Cotton Movement
Houston: Middling. 8Vi receipts. 16.
161: shipments, 20,428; sales, 6614; stock,
211,113.
Memphis: Middling, 8c; receipts, 4061;
Shipments, 6674: sales, 1750; stock, 227,741.
Augusta: Middling, 8(4c; receipts, 1880;
shipments. 1092: sales, 1920; stock, 149,387.
St. Louis: Middling, 8c; receipts, 7iJ2;
shipments, 8544; stock, 18,369.
Cincinnati: Receipts, 2268; shipments,
2206; stock, 11,007.
Little Rock: Middling. 77*c; receipts, 685.;
shipments, 1164: stock, 60,690.
Dallas: Middling. 8l-1«o; sales. 4569.
Total today: Receipts. 33,437; ship
ments, 40,098; stock, 698,277.
New York Spot Cotton
New York. February 11.—Spot cotton
quiet. Middling uplands, 8.65c. Sale*
200.
New York, February 11.—Cotton fu
tures opened steady. March, 8.57c; May.
8.86c; July, 9.05c; AugUBt offered 9.16c;
October, 9.29c; December. 9.42c.
Liverpool Cotton
Liverpool, February 11.—Cotton; Spot
limited trade. Uood middling, 6.39d;
middling. 5.07d; low middling, 4.66d;
sales, 60000; speculation and export,
2000; receipts. 37,850; futures barely
steady; May and June, 4.93Vid; July and
August, 5.02(4di,Octubcr and November,
5.14 lad; January and February, 5.21d.
Dry Goods Market
New York. February 11.—Cotton
goods markets were quiet and steady
today. Wool markets were much ex
cited and prices rose fast. Raw silk
was eaBy. Jobbers reported a fair trade.
Hubbard Bros. & Co.'s Letter
New York, February 11.—(Special.)
European opinion was affected today
by the uncertainty of the relations of
the different markets of the world after
next week, when the new law goes Into
effect. The general Idea here is that
any disturbance In trade relations leads
to lower prices.
The views o| the trade are bearish, as
we have frequently mated, baaed on the
large crop and the war situation. It Is
only a few cotton houses that are taking
a long, forward outlook 011 the situa
tion who are bullish.
Tills afternoon the decline was caused
by the speech of Mr. Asquith In Par
liament, which was brought forward
as likely to lead to some restrictions
on the movement of cotton.
Montgomery Market
Montgomery, February^ 11.—(Special.)
Spot cotton was quoted fitere today as
follows: Good middling, old, 8 3-16c;
strict middling, old, 7 15-t6c; new,
8 3-16c; middling, old, 7 ll-16c; new,
7 15-16c; strict low middling, old,
7 3-16c; new, 7%c; low middling, old,
6 ll-16c: new. 7 ll-16c; strict good or
dinary', old, 5 ll-16c; new, 6 ll-16c;
good ordinary', old, 9 9-16c. Market
quiet.
Seventeen Beginnings
From the Chicago Journal.
"Good resolutions don't last long," said
J. P. Morgan, Jr., at a luncheon in New
York.
"One afternoon in early January I saw
a man writing with an Important air In
a sumptuous vest-pocket diary of green
morocco with gilt edge.
" ‘Mr. Morgan,' he said, looking up,
'do you know that I can tell you every
blessed thing I’ve done for the last 17
years from the 1st to the 4th of Janu
ary.' ”
PEACETALKHELPS
TO LOWER WHEAT
Final Quotations Heavy At
3 l-2c to 3 34c Decline.
Com Also Off
Chicago. February VI.—Peace discussion
in the British Parliament coming im
mediately after demands in th** Prussian
diet that the war be stopped, figured
today in lowering the price of wheat.
Final quotations were heavy at 3V/d3%<‘
under last night. Corn closed Hc off; oat.*
at He decline to a shade advance and
provisions at a rise of 12$p0O<b32Hi’.
It was in the trading Just before the
close that peace news took most effect.
Until that time declines had not averaged
£Hc*. Better industrial demand helped
to sustained the corn market.
European buying at the seaboard pu;
firmness into oats.
Packers buying lifted provisions. Thero
v<ere signs of a notable falling off in
tlm movement of hogs to market.
Chicago. February 11—Grain ami pro- I
visions.
Wheat— Open. High. Low. Close.
May . 1.62H 1.62** TT&ITS
July. 1.37 1.37*4 1.35 1.35
Coin—
May . so >4 sin 80 *4 son
July . 81 *4 82 H 81 H 81*4
Oats—
May . 61 6iftK 60 H 61H
July . 57 *g 58 H 57 "k 5t ®(i
Pork
May .18.80 19.25 18.80 1.10
July . 19.25 19.57 39.25 10.47
Lard—
May . 10.82 1 1.20 10.82 11.12
July . 10.97 11.30 10.97 1 1.25
Ribs—
May .10.15 10.37 10.15 If 32
July . 10.40 10.02 10.40 10.55 ,
---1
Chicago Grain
Chicago. February 11.—Wheal- No. 3 red,
II.60C1.62V*: No. 2 hard, $1.6101.63%. Rye:
No. 2, 31.27. Barley. SK,,s9c. Timothy, *5.60
06.50. Clover. )I2«|14. Pork. $17® IS.70.
1-til'd. J10.721110.76. Ribs. *i>.2f<i 19.76.
SI. Louis Grain
St. l.ouis February 11.—Wheat, No. 3
red, $1.69; No. 2 hard. *1.61®1.68; May.
$1.66. Corn, No. 2. 76%e; No. 2 white. 7s®
7SV*c; May. S09*r. Oats. No. 2. »*«•: No.
2 white, 5$V4r; May, 60%o.
Kansas City Grain
Kansas City, February 11.—Wheat. No.
2 hard. $1 „66V*#1.66%: No. 2 red. $1,66th
1.67. Corn, No. 2 mlxisl, 714*0; No. 2 white,
76Vic; No. 2 yellow. 78c. Oats. No. 2 white.
57Vic; No. 2 mixed, 64‘*®65V4r,
New Orleans Rice Market
New Orleans, February 11.—An active
tone continued In rough rice today. Clean
rice was strong and quotations un
changed Receipts: Rough, 6201; millers,
3497; clean, .9262. Sales: 1326 pockets chan
Honduras at 3>i®,V*c; 1288 pockets Japon
at * 5-16®4V*c.
Produce Market
New York, Feb. 11.—Butter Weak, re
ceipts 6,120. Creamery extras (92 score)
32'*c®33e. Creamery (higher scoring)
33yjc®84c. Firsts .lOeifiSKc. Seconds 27eft
29c. Packing stock current tnnlte No. 2,
20V4e@21c.
Eggs unsettled, receipts 12,746. Fresh
gathered extra fine 26c®20V,c. Extra
firsts 25V4r. Firsts 24%cfg25c. Seconds
24r®24V*c.
Cheese flint. 3.997. State whole milk,
held, special 17V»c. Same average fancy
16V*c®l7. State whole milk winter, ex
port type, specials 16%c®16V4c. Same
average fancy 1614c® 16c.
Dressed poultry quiet. Western roast
ing chicken 17c®21o. Fresh fowls 14C< ®>
18V*i. Turkeys 14o®22V*e.
Chicago, Feb. 11.—Butter lower, cream
ery 24c@31c.
Eggs lower, receipts 6,933 cases. At
mark case's Included 20cfa'23c. Ordinary |
firsts 2P*cfa;22c. Firsts 23c.
Potatoes unchanged, receipts 15 cars.
Poultry alive lower. Springs 15c. Fowls
14c.
Kansas City, Feb. 11. Butter, creamery
30c. Firsts 27c. Seconds 25c. ackinfi
20»*c.
Kggs, firsts 2Hjc. Seconds IT*'.
Poultry, bens 13Vj>c. Roosters KHjc.
Turkeys 15c.
St. Louis, Feb. 11.—Poultry and butter
unchanged. Bgge 23tfco024*
BESSEMER MAY POT
WOMAN ON BOARD
Council Will Elect Member
of Board of Education
Early in April
Bessemer. February It.—(Special.)—The i
citizens of Bessemer are manifesting much
Interest In the matter of the board of
education electing a tie* member at the
first meeting of that body in April, to
succeed T. R. Copeland, whose term ex
pires at that time. In all probability
Mr. Copeland will be a candidate to
succeed himself, as he has only been a
member of the board for one year, hav
ing been appointed to fill an unexpired
term. A full term is for five years.
It has just leaked out that it is highly
probable, under the recent act of the leg
islature. approved by the governor, mak
ing women eligible to be members of
the boards of education, a w'oman may
bo a candidate for the place on the Bes- (
senior hoard ami will ask the city coun
cil to give women representation on the
board of education. The matter is being
considered quietly and while .so far as
i: known no member of the council has
been approached as to his feelings on
the question there Is no doubt that, men
interested in the hoard of education have
suggested the names of several well
known ladies of Bessemer for the place.
Gov. Charles Henderson has appointed
P. M. Hogg notary public and ex officio
justice ol* the peace for heat No. 51. to
succeed Justice Shell, who has held the
office for the past four years, he hav
ing been appointed by Governor O’Neal.
Deputy Coroner Arthur Jacobs will hold
an investigation tomorrow morning at !>
o'clock at his undertaking establishment
into tin* killing of George Parrel, a negro.
It is alleged by his wife. Mary l*ee Par
rel. The jur> Is composed of \V. \V.
Kennedy. 1. S. Moorer, G. VS*. Trout.
W. P. Hay, George Jones and J. A. Jen
kins. A large number of witnesses will
be examined.
Myrtle-1.inton lodge No. 130. Knights of
Pythias held its regular meeting tonight
in their castle hall on Twentieth street,
at which time the rank of knight was
conferred on two candidates. A large
crowd attended the meeting and wit
nessed the work of conferring the rank,
which was very impressive.
Veto Schilleecl, the 2-year-old son of
Mr. and Mrs. Charles Schelllcl, died to
night at fl o'clock at the home of Ids
parents on Seventeenth street, after a
short Illness of pneumonia. The funeral
will lake place tomorrow afternoon at
2 o’clock from St. Aioysius Catholic
church, the services being conducted by
the Rev. Father M. B. Kittrlck Inter
ment will be made at Cedar Hill ceme
tery with Jacobs in charge.
The new residence of Father M. P.
Kittrlck which was recently completed
was the scene of a pretty affair this
afternoon when the ladies of the Altar
society of St. Aioysius C&thollc church
gave a silver tea The Valentine idea
was emphasised in the decorations of
the house, red and white hearts, Cupids
ferns and red carnations being used in
profusion. The guests were met at
the door by title Miss Julia and Mi^s
Mary Comer ford while In the reception
hall ref resiling punch was dispensed by
Mrs. Charlie Lena and Mrs. Sam Kalne.
The guests were received by Mrs.
Charlie Stitts. Mrs. J. D. O'G&ra and
Mrs. W. B. Comerford and were ush
ered into the parlor, which was ar»
tistically arranged in ferns and Jon- j
Quils. where they were received by
Father Kit trick and Mr. Stitts. In tho
dining room tea. coffee and sandwiches
wire served. The table was covered
with a lace piece over red. the central
decoration being a large vase ,of red
carnations. A large bow of red tulle
was tied on the chandelier and reached
to the corner of tho table. Mrs. Qleasui
poured coffee, while tho tea urn was
presided over by Mrs Jack Ctitllf Te.
They were assisted by Mrs. L. L. Look- j
wood, Mrs. Joe Leonard and Mrs. LofT
Comerford. while heart-shaped mints in
the red and white tones were passed by
Miss Lillian and Miss Kathleen Cahill.
A neat sum was realized and will go
to tho convent fund.
Mrs. J. T>. O'Gara was hostess to the
members of the Altar society yesterday
afternoon, at which dues in the amount
of $12 were paid. All bills were ordered
paid and five new members were en
rolled. At the conclusion of the busi
ness session a social hour was enjoyed,
a plate luncheon being served.
Miss Eva Hamlet Reeves, the daugh
ter of Mr. and Mrs. Ferdinand Reeves,
and John W. Foster were united Iti
marriage last night at tho home of the
bride’s parents at Mot'alia in the pres
ence of n number of relatives ami
friends. 'Phe impressive ceremony was
pronounced by the Rev. U. A. Tl^omp a
son of Onktnnn. Miss Reeves posHlb3v
a charming personality, and was ve, >
popular at McCalls, where she has lived
for several years. Mr. Foster Is well
known in Bessemer, having been book
keeper for T. R. Ridge for many years
Mr. and Mrs. Foster will ho at homo
w ith Mrs. .1. B. Stevens. 17 IS Fifth avc
nue.
Chambers McAdory chapter. Children
of tin* Confederacy, will hold a meet
ing Friday aftenum at o'clock at
the home of Mrs. \V. R Cunningham.
As there are several matters of impoi
tanee to be considered, every mcnibu
is urged to be present.
E I
improvement Still Trailing!
Behind Optimistic Senti- s
ment. Says Bradstreet 1
New York, Feb. 11 F. rad streets Re. H
view this week will say: Gains in tradeH
continue of a small though cumulative H
chara cter, with actual improvement still Bj
tailing behind optimistic sentiment. Like- fl
wise. Industries, notably iron and ste«‘« I
coke, textiles and automobile manufac- fl
turing. are rounding into better shape. I
but concededly at a low' pace, and In fl
consequence unemployment, the propor- fl
tlons of which have probobly been over fl
exaggerated by many, is giving way to fl
Increased employment and larger pay fl
While cereal farmers have, profited fl
from high prices for wheat, they do not fl
display unwonted activity in purchasing ■
goods and the volume of business coming I
from that source, relatively good though ■
U Is, hardly fulfills highly keyed antlcl- I
pation. 1
Wheat exports for the week ending I
February 11. were 9,708.650 bushels against I
4.092.408 bushels a year ago. 1
Business failures lor the week (five I
da v s) in the United States were 436 com- I
pared with 313 last year, in Canada, 64. B
compared with 40 last year. |
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