The Birmingham age-herald. [volume], February 27, 1915, Page 9, Image 9

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

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

                
ARIABLE TONE
onflicting Conditions at
Home and Abroad the
Cause
Vew York, February 26.—Conflicting
nditions at home and abroad imparted
variable tone to today's stock market,
ilch openel at general advances over
sterday's close, soon made further
jns and then fell back, displaying some
mness at the close. The grain markets
pere a factor in this movement, another
l' arp break in options suggesting anxiety
inspecting the status of our export situa
|i>n. May wheat declined to 61.48%, repre
Snting a drop of 18% points from a week
fir- c
■Another gold importation from Canada
as the most direct development in for
?n exchange, bills in London manifest
g more steadiness, but remittances to
e continent, especially Germany, sliow
|T g further depreciation. Italian exchange
•*“ as again feverish, dealers expressing
e belief that its course pointed to a new
id more acute phase of conditions in
at country.
Bombardment of the Turkish fojts by
e allies was neutralized by rumors of
suspension of sailings from principal
I nglish ports, but this latter incident
Utlcd to Influence on dentals from au
loritatlve sources. Private cables from
jerlin stating that part of the coming
ar loan would be taken by American
inkers failed of confirmation at this
inter.
Specific movements of stocks in the
cat market included sudden weakness
New York Central, with moderate
rength in the coalers. Pacifies, CanR
an Pacific excepted. United States Steel.
ie coppers and certain specialties. Ney
aven became active in t,»e later opera
' ons at a price well above Its latest
inimum. Rock Islands were heavy, the
:ock and collateral bonds selling at low
_ st quotations, in consequence, it was
I lought in the financial district, of the
•stimony brought out by the interstate
' unmerce commission.
. Financial operations of the week indi
' ited a very moderate cash gain by local
I inks. Time money relaxed from its re
' ;nt stiffening tendency, loans for three
6 nd four months being negotiated at 3 to
* 4 per cent.
' I Firmness ruled in the bond market,
! peal tractions, Southern Pacific and
Missouri Pacffic issues reflecting moder
Ite inqulrv. Total sales (par value! ag
jregaled 61.850.000.
United States government bonds were
nchanged on call.
Bonds
s. 2s, registered . 98%
. S. 2s, coupon . 96%
. S. 3s, registered. 101%
'. S. 3s, coupon . 101%
. S. 4s, registered. 109%
'. S. 4s, coupon . 110%
anama 3s, coupon . 101%
entral of Georgia 5s . 101 I
linois Central ref. 4s . 85
•ouisville & Nashville tin. 4s ... . 91%
eaboard Air Line adj. 5s .... 0(1%
outhern Railway 5s . 98%
outhem Railway gen. 4s .... 63%
r. S. Steel 5s... 100 j
Mercantile Paper
I New York. February 26.—Mercantile pa
er 3%@4 per cent; Sterling exchange
teady; GO-day bills. 64.79.00; for cables.
1.80.60: for demand. J4.S0.00. Bar sliver.
>%c: Mexican dollars. 37%c. Government
ionds steady; railroad bonds firm. Time
I loans steady; 60 days. 2%W3 per cent; 9U
\ mays, 2%W3 per cent; six months. 3% per
lficnt. Money on call steady; high, 2 per
(’"ent; low. 1% per cent; ruling rate. 2 per
•eflt: last loan. 2 per cent; closing bid,
% per cent; offered, 2 per cent.
I London. February 26.—Money. 1 per
ent; discount rates, short and three
• Months, 1 7-16@l% per cent. Bar silver,
,3d per ounce. •
Bank of France Statement
\ Paris, February 26.—The weekly
tatement of the Bank of France shows
fie following changes:
Notes In circulation increased, SI,890.
00 francs treasury deposits decreEwced.
1 1,935,000 francs; general deposits in
creased, 82.881,000 francs; bills dis
■ounted increased, 15,795,000 francs; ad
i ances decreased, 21,750,000 francs; gold
increased, 3,006.000 francs; silver In
creased, 1,537,000 francs.
Metal Market
, New York. February 26.—Tin strong,
f38.25ti39.0o. Copper dull; electrolytic,
614.75*14.87: casting, *14.25*114.62. Iron
{-teady and unchanged. At London, spot,
popper. £64 10s; futures. £64 17s 6d. Spot
Ein. £19); futures, £163.
i New York, February 26.—Lead steady,
S3.S5W3.95; London. £20 as. Spelter strong.
*10 bid; London, £42 10s.
Coffee Market
Now York, February 26.—After opening
to 2 points lower coffee futures rallied
•lightly on some March covering. There
was no general aggressive buying. The
market eased off In the later trading un
der scattering liquidation and local pres
sure. The close was 3 to 7 points net
lower. Sales 18,750 bags. February. 5.45c;
March. 5.46c; April. 5.50c; May. 6.uic; June.
).59c; July, 6.60c; August, 6.68c; Septem
ber, 6 77c October. 6.84c; November, 6.90c;
December, 6.96c. .Spot quiet; Rio No. 7,
7%c; Santos No. 2. 9%c. Today’s Brazil
ian cables reported a decline of l-32d in
Rio exchange on London, with no change
In mllrels prices. Brazilian port receipts
63.000 bags; Jundlahy, 19.000 bags; Victo
ria cleared 7,000 bags for New York.
Live Stock
Chicago, February 26.—'Hogs: Receipts.
17,000; lower; bulk of sales. J6.60W6.65;
Sight. *6.50*6.75; mixed, J6.40W6.70: heavy,
I6.16W6.65; rough, J6.15WO.3o: pigs. *3.76®
9.75.
Cattle: Receipts. 2000: slow; native
steers. *5.50*9.15; cows und heifers, *3.60®
7.75; calves, *7*10.50.
Sheep; Receipts, 8000: firm; sheep. *6.85*
7.75; yearlings, *7.66*8.56; lambs. *7.80®
9.65.
Kansas City. February 26.—Hogs: Re
ceipts, 7500; steady; bulk of sales. (6.60*
6.70; heavy, *6.60426.70; packers. *6.60*6.70
Cattle: Receipts, TOO; steady; prime
tSteers. *8*8.60; dressed beef steers. *6.75®
18; southern steers. *6*7.26; cows, *4.26®
6.75; heifers, -*6.25*8.25; Stockers. $6*7.80.
Sheep: Receipts. 5500: steady: lambs
| *8.60* 9.25; yearlings, *7.26*8.25; wethers
*6.50*7.50.
St. Louis, February 26—Hogs: Re
ceipts, 11,000; lower; pigs and lights, *5.2
ftC.90; mixed, $6.66*6.90; good heavy, *6.71
*6.80.
Cattlo: Receipts. 1200; strong: nativi
beef steers. *7*9; cows and heifers, *5.50®
8.25; native calves, *6*11.50.
Shoep'r Receipts. 1100; steady; natiyi
muttons, *6.75*7.25; lambs, 94,75*9.50
yearlings, $7.50*8.25.
Sugar
New Yo^k. February L»6.—Sugar fu
fures opened lower today under srat
iered liquidation, prompted by tin
asier tone of the spot market. Pricei
t noon were 5 to 10 points net lower
law sugar easy; molasses. 4.00c; centri
Hubbard Bros. & Co.
lottos Merchants, Hanover Sausrt, S
'. Members New York Cotton Exchange
few Orleans Cotton . exchange. Nev
Tork Rroduce Kxchange, Associate
itembers Liverpool Cotton Association
Jrders solicited for the purchase am
isle of Cotton and Cotton Seed Oil fo
utur.- delivery. Special attention ant
lbcral lurmt given tor consignments o
pot cotton for delivery. Correspond
nee invited.
__ CLOSING STOCK QUOTATIONS
&aios. mgh. now. ( lose.
Amal. Cod. ... .9400 »3 51 % o27l
Amer. Agri. 48%
Amer. Can ....1900 27 26% 26%
A. C. & F. 100 40 40'i 40%
Amer. C. pfd . 51%
Amer. Cot. Oil. 45
Amer. Smelt. ... 400 61 % 61% GO7s
Amer. Snuff .142
Amer. Sugar ...1100 102% 101% 102%
Amer. T. ir T. . 100 118% 118% 11S%
Amer. Too. 300 224% 223% 224%
Atchison .1000 94% 94% 94%
A. C. U . 99
B. & 0.2700 65% 64% 65%
Can. Pac.4300 157% 1567s 157%
Cen. Leath.1700 34% 34% 34%
C. & 0.1600 40% 40 40
C., M. & St. P. . 800 85 84 % 84%
Eria. 1300 21 % 20% 20 7*
Gen: Elec.
ex div 2s _ 600 139% 139 139
G. N. pfd . 700 114 113% 114
111. Cen.iOS’i
Inter.-Met. pfd . 500 56% 55% 55%
K. C. S. 21%
Lehigh Val.1000 132 7s 1317s iS2
L. & N. I... ..112
Liggett & Myers.205
Lorillard Co. .... 1.73
M. , K. * T. 800 11 10% 10%
Mo. Pac.3100 1274 10% 1174
Mex. Pet.8800 687* 67 67%
Sales. High. Low. Close.
N7~Y. C.7100 83% 81% S2%
N. Y„ N. H. &
*. Hart.6500 45% 43% 45%
Nor. & West.
ex div 1% ... 200 100 100 100 i
Nor. Pac.18000 101 % 100% 101
Pennsylvania ...2000 104% 104% 104%
Reading.16700 143 142 142%
R. T. & S. 200 19 19 19 I
do pfd . .... 74
R. f. -Co. 900 % % %
do pfd . 200 1% 1% 1%
St. L. & San F.
2d pfd . 3%
S. A. L. . 11%
do pfd . 400 32% 32 32%
Sloss-Sheff. S. &
and Iron . 24
S. P. ex div 1 %. 3500 82 % 82 82%
Sou. Ry. ../... 500 14 14 14
do pfd . 700 43 43 43
Tenn. Cop. 500 27 % 27% 27%
Tex. Co. 300 127 125% 127
T. & P. 11%
Union Pac. 900 119% 118% 119%
U. S. Steel ..21800 42% 41% 42
do pfd . 800 103% 103% 103%
Utah Cop. 2200 51% 60%. 51
V. -C. Chem. 100 20% 20% 20%
West. Union .2600 62% 62 62%
Beth. Steel ....6300 54% 53% 54%
A. B. S.1200 38% 37 % 38%
~ Total sales for th® day, 171,600 shares.
LOCAL SECURITIES
K.aie. Kiel. AiKca.
STOCKS
Ala. F. & l. 4 40 50
Amer. C. Rys. pfel. 6 50 52
Amer. C. Rys. 17
Amer. T. & Sav. Bk. .. S 160 170
Avondale Mills, com. . . 8 95 105
Avondale Mills, pfd ... 8 100 108
Bessemer C. &. 1. 45
B’ham T. & S.10 235 255
B’ham Baseball Asso.. . 140 170
B'ham R. Im, & P.. com 6 72
B'ham R. B., & P., pfd. . 6 78
B’ham Realty Co.4 150 175
Cham, of Com., pfd.... 7 00 70
Corey Band . 50 7 5
East Bake Band. 75
Elmwood Cem. Co. ... 4 70 80
Empire Im., pfd.8 100 102
Empire Im., com.6 70 85
Ensley Band . 85 110
First Nat’l Bank .12 235 255
Great Sou. Life . 9 11
Interstate Casualty ... 1 3
Jefferson Fertilizer ... 8 105 120
M. & M. Bank . 6 115 125
North B'ham Baud ... 15 22
, Realty T. Co., com. ... 6 100 110
Realty T. Co., pfd.8 100 110
Sou. States Fire . 1 3
Traders Nat. Bank .... 9 150 160
Male. mu. Asaea.
BON n s
Ala. State ref.. 1920... 4 96 100
Ala. State Renew, 1956 31* SO 85
Ala. State Renew, 1956 1 98 100
Amcr. C. Rys. 5 85 8S
Ala. Cons. 5 75 80
Bessemer C. & r.6 100 103
B. R., B. & P.6 96 99
B. R., B. & P. 41* 88 90
B’ham lee Factory .... 6 100 106
B’ham R. & K. 5 99 101
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. 4*4 95 101
Milner Band Co. 6 96 101
Nashville Railway .... 5 99 101
Pratt Consolidated ... 5 77 83
Sloss T. & S. 6 99 100
Sloss 1. & S. 4 *4 92 95
T. C. I., gen. mtg. 5 95 100
T. C. I., Tenn. Div. 6 99 103
T. C. I. Ship Bldg. 6 101 105
T. C. I. B’ham Div. 6 99 105
T. C. 1. Cahaba Div.... 6 100 103
Woodward Cons. .6 95 102
AT NEW ORLEANS
Good Demand at All Times !
for Covers From
Bears
New Orleans, February 26.— It was a
nervous and narrow cotton market to
day. Fluctuations carried prices 4 to o
points over yesterday's close and 6 to
8 points under. The close was at a net
loss of 2 to 3 points. Shorts were, at
times, aggressive sellers, but there was
at all times a good demand for covers
from the bear side. The advances were
made chiefly on the growing strength
of the technical position.
The unsettled wheat market caused
more ot^less selling, bears contending
that longs in wheat who were also long
of cotton would sell out their cotton in
order to be better able to protect their
wheat. Some talk of weaker spot mar
kets was heard but it was not borne
out by the official.
A steadying influence was the grow
ing belief that planting of cotton this
spring would be greatly reduced. Bull
ish ideas regarding acreage were, in
some measure, confirmed by reports re
ceived during the day from Texas stat
ing that much cotton land was being
planted in corn.
New Orleans Cotton Futures
New' Orleans, February 26.—Cotton
closed steady at a net decline of 2
to 3 points.
High. Low*. Close.
March . s7no fji 7792
Mav . 8.24 8.12 8.17
July . 8.44 8.33 8.37
October . 8.73 8.61 8.60
December. 8.82 8.82 S.81
New Orleans, February 26.—Cotton
opened quiet; March, 7.92c; May, 8.17c;
July, 8.38c asked: October, 8.64c; De
cember, 8.79c.
New' Orleans, February 26.—Spot cot
ton quiet and unchanged. Sales on the
spot, 673 bales to arrive, 876. Good or
dinary. 5.87c; strict good ordinary, 6.43c;
low middling, 6.93c; strict low’ middling.
7.38c; middling, 7.75c; strict middling.
8.00c; good middling. 8.44c; strict good
middling, 8.81c. Receipts, 11,354; stock,
440,133.
Hester's Weekly Cotton Statement
Comparisons are to actual dates not to
close of corresponding wreeks.
In sight for w’eek. 371,000; last year, 236,
000; year before, 239,000; for the month,
1.705,000: last year. 944,000; year before,
843,000; for season, 11,831,000; last year, 13,- 1
0S1; year before, 12,299,000. Port receipts
for season. 7.964,000; last year, 9.192,000;
year before Jast, 8,675,000. Overland to
mills and Canada for season, 743,000; last
year, 910,000; year before, 890,000. Southern
mill takings for season, 2,144,000; last year,
2,371.000; year before, 2,156,000. Interior
stocks in excess of August 1. 980,000; last
year, 607,000; year before, 577,000. Foreign
exports for week, 274,000; last year, 240,000;
for season, 5,182,000: last year, 7,043,000,
Northern spinners’ takings and Canada
for week, 56,000; last year, 70,000; for sea
son, 1,889,000; last year, 2,147,000.
Statement of Spinners’ Takings
Statement of spinners’ takings of Ameri
can cotton throughout the world: This
week, 300,000: same days last year. 331.000;
same seven dais year before, 347.000; total
since August 1, 7,627,000; same date last
vear. 10,090,000; same date year before, 9,
770.000.
World’s Visible Supply
• Statement for world’s visible supply:
Total \ lslble this week, 7.536,000: last week,
; 7,360,000: same date last year. 6,120,000;
• same date year before, 5,606,000. Of this
’> the total American this week, 6,974,000;
last week, 5,903,000; last year. 4.306,000: year
3 before. 4,136,000. All other kinds this week,
? 1,561,000: last week, 1.456.000; last year. 1,
814,000: year before. 1,501,000. Visible In the
3 United States this week. 2,942,000; tilts
: dute last year. 1,723.000. Visible In other
countries this week, 4,595,000: this date last
year, 4,396,000.
. fugal, 4.77c; refined steady. Liquidation
3 in futures continued in the afternoon
, and the market closed weak 10 to 16
points off. Sales, 2250 tons; February,
1 3.72c: Mav, 3.79c; June, 3.82c: July, 3.85c;
September, 3.96e. f
Cotton Seed Oil
New York, February 26.—Cotton seed oil
• was higher oir covering of shorts and
'• local professional buying on the firmness
j In lard. Final prices showed a net gain
of 4 to 8 points. Tenders on March con
1 tract were 1000 bales.
>’ Spot. 6.S0o bid: March, 6.8406.90c; April.
6.8<><*S.93c; .Mai. 6.9006.96c; June, 0.95«
c| 7.05c: July, 7.1907.14c; August. 7.1807.25c;
September, 7.007.34c; October. 7.0607.36c.
\
“Supplies Are Adequate and
Snapper Is Especially
Abundant
The demand for fish and oysters is
now good on Morris avenue and sup
plies are plentiful at this time. Snap
per is said to be especially abundant
in Birmingham. Several shipments have
arrived in hogsheads. Oysters are aJso \
received in large shipments. Delaware
Bay osters are quoted at 90 cents for
standards, selects at $1.25 and extra
selects at $1.50. Gulf oysters are bring
ing $3 to $3.00 per pail containing 1000.
Quotations on flour and feedstuffs
are firm on the local market. The
quotation on good middling cotton at
the opening this morning is 7"»c per
pound.
LOCAL QUOTATIONS
Spot Cotton
Good middling . 77
.Strict middling . 7s
Middling . 714
Strict low middling. tin.
The Iron Market
'3r'' .uo.ay@io.50
2F . S.oo^lO 00
SE . 9.0009.60
Gray Forge . 5.5089.00
3S .10.a>@l0.60
2S. [e-mail]
Poultry and Eggs
Hens—15c.
Live Turkeys—17c: dressed turkeys, 20c.
Fryers—114-114 lbs; average, lSc.
Ducks—15c lb.
Guineas—30c.
Roosters—35c.
Geese—76090c.
Fresh country eggs—20c; graded carton
eggs. 22c.
Meats
Extra Ribs—11c.
Bellies—I2e.
Boston Butts—10l4c.
Fork Loins—1114c.
Breakfast Bacon—23c.
Spare Ribs—9c.
Regular Hums—1514c.
Skinned Hams—1514c.
Fruits and Produce
Lemons—$3.50.
Limes—$1.23.
Florida Oranges—$1.7502.25.
Grapefruit—$1,750)2.25.
Florida Strawberries -30040c qt.
Apples—Winesaps. $4.50: Baldwins. $3®
3.50; Ben Davis. $2.5003.50; box apples,
$1.5001.75.
Peanuts—5140614c per lb.
Malaga Grapes—$506 per keg.
Tomatoes—$3.5004 per crate.
Cocoanuts—$4 per sack.
Cranberries—Per box. $1.7502; per bar
rel, $7.
Celery—Florida, per crate. $2.50; 75c
doiren.
W'alnuts—16020c lb.
Pecans—1214030c per lb.
Fllburts—15c per lb.
Almonds—20c per lb./
Chestnuts—9c per lb.
lettuce—$1.2502.25 hamper.
Eggplants—$3.60.
Green Peas—$3.
Green Beans—$3.60.
Onions—214c per lb.
Spanish Onions—$1.75 per elate.
Sweet Potatoes—$1 per bushel.
Irish Potatoes—76c per bushel.
Cabbage—2c per lb.
New Cabbage—$2.25 per crate.
London Layer Raisins—$1.75.
California Figs—$2 per case.
Weed Potatoes—$101.20 bu.
Onion Sets—$1.7502 bu.
Fish
Perch—8c.
Salt Water Trout—1114012c.
Blue Catfish—7140
Red Snapper—»14@'10c.
Gray Snapper—4®6c.
Mullet—51406c.
Spanish Mackerel—1214016c.
Fresh Pompano—20®26c.
Delaware Oysters—Standards, 90c gal
lon; selects, 81.25 gdMon; extra selects,
$1.50.
Gulf Oysters—$303.50 per 1000.
Creamery Products
Creamery Butter—3206614c; process but
ter, 30c; oleomargarine. 15033c.
Full Cream Cheese—17c; Imported Swiss,
33c: Pimento, dozen, $1.85.
Flour and Breads tuffs
Self-rising flour, $8.15: Tennessee flour,
$7.55: Michigan flour. $8.75: Idaho flour, $8;
Indiana flour. $8: spring wheat flour, $3.45;
liui;d winter wheat flour, $8.10: shorts, $33;
pure wheat bran, $32: C. S. meal. 714 per
cent, $30; Cremo meal, per ton. $26: C. S,
hulls. $11 ton; No. 1 timothy hay, per ton
$25; mixed alfalfa and Johnson grass, pet
/
’ !
Cotton Irregular and Un
settled During the Day’s
Trading
New York. February 26.—Cotton was In*
egular and unsettled during today's traci
ng. with the close steady at an advance
»f 2 points to a decline of .2 points.
Cables were not fully up to expectations
msec! on the firm showing of the Amer
car. markets late yesterday, and .after
•pcnfng steady at a decline of 2 to 3
joints, the local market sold about 6 to
. points under last night’s closing figures,
ncroasing nervousness over shipping coa
litions seemed to account for the scat
ering liquidation of some of yesterdays
>uyers. But offerings were limited as
here was no evidence of southern sell
ng here against actual, and denials of
rumors that sailings from England to
New York had been temporarily suspend
'd. were followed b\ a rally which carried
Drives about 4 to 5 points net higher.
Later New Orleans turned a shade eas
er, private wires reporting some hedgo
selling In that market started another
wave of local liquidation which carried
the active months here 6 to 8 points net
lower, but recoveries of 6 or 7 points fol
ewed in the late trading, and fluctuations
sere quite generally regarded as indicat
ing little more than the restricting influ
ence of European conditions on general
Dullness and the effect of comparatively
small orders in a very narrow market.
New York Cotton Futures
New York, February 26.—Cotton
closed steady.
High. Low. Close.
March . S73S 8722 MS
May . 8.55 8.4 4 8.50
July . 8.77 8.64 S.71
October . 9.04 8.92 8.98
December .. 9.20 9.11 9.15
Port Cotton Movement
New Orleans: Middling. 7.75c: receipts,
11,354; exports, 34.910; sales, laot); stock,
440,133.
Galveston: Middling. 8.30c; receipts.
15,999: sales. 200; stock. 674,572.
Mobile: Middling. 7.63c; receipts, 469:
sales, 75: stock, 52,360.
Savannah, Middling:, 8v; receipts, 7449.
sales, 1952; stock. 214.047.
Charleston: Middling, 7n. c: receipts,
2750: exports, 6400: stock, 111,906.
Wilmington: Middling. ~4.r; receipts.
1736: exports. 13.119: stock. 63.122.
Texas City: Receipt-. 3485.
Norfolk: Middling, 7.75c; receipts. 1437;
sales. 1207; stock, 78^06.
Baltimore: Middling, S'.c; receipts.
3008: stock, 5089.
Boston: Middling, .8.35c. receipts. 722:
exports. 370; stock, 11890.
Philadelphia: Middling, S.Cdc; stock,
11,661.
New York: Middling. 8.36c; s nek, 133,406.
Minor ports: Receipts. 4'41; stock.
133.967.
Total today: Receipts, 52,049; exports,
44,79; stock, 1.848.667.
Total for week: Receipts, 304.594; ship
ments. 273,505.
Total for season: Receipts. 7.963,965; ex
ports, 5,182,043.
Interior Cotton Movement
Houston: Middling, 8.25c; receipts. 10,
460: shipments, 12,443: sales, 3613; stock,
192,371.
Memphis: Middling, 7.88c; receipts. 8465;
shipments, 5386; sales. 4000; stock, 228,668,
Augusta: Middling, 7.75o; receipts, 1110
shipments. 500; sales, 679: stock, 141,964.
St. Louis: Middling, 77ic; receipts, 2137
shipments, 2087: sales. 97; stock, 37,605.
Cincinnati: Receipts. 1105; shipments
708: crock 14,383.
Little Hock: Middling. 7.55c; receipts
397; shipments, 1946; stock, 54,459.
Dallas: Middling, 7.76c; sales, 3390.
Total today: Receipts, 18,664: shipments
23,069; stock, 669,320.
New York, February 26.—Cotton future:
opened steady; May, 8.40c; July, 8.70c; Oc
tober, 8.98c; December, 9.14e.
New York Spot Cotton
New York, February 28.—Spot cnttoi
quiet; middling uplands. 8.85c; no sales.
Liverpool Spot Cotton
Liverpool, February 26.—Spot cottor
steady; good middling, 5.29d; middling
4.97d; low middling, 1.68d; sales, 7,000
speculation and export, 2,000; receipts
84,417; futures, quiet and steady; May anc
June, 4.87d; July and June, 4.91d; Julj
and August. 3.95!4d; October and Novem
ber, 6.08(1; January and February, 6.15(1
Weekly Cotton Statistics
Liverpool, February 26.—Weekly cottor
statistics: Total forwarded to mills, 90,00
bales, of which 80,000 were American
stock. 1,203,000. American 904.000; Imports
239,000; American. 204,000; exports, 9,000.
Dry Goods Market
New York, Febuary 26.—Cotton good;
were quiet and barely steady In the prl
mary division today. Jobuers reported t
very steady trade in cotton domestics
Yarns were dull. Wool markets weri
very high. In some instances prices beim
at record levels. Silks were Irregular.
Hubbard Bros. & Co.'s Letter
New York. February 26.—fSpeclal.)
After a very quiet session the markei
closed at practically unchanged prices
awaiting some new factors. The trade a
a whole are looking for lower prices, h
a result of the political developments h
relation to the shipment of goods fron
America to Europe.
As we have already exported more cot
ton from this country than we expected
we believe the European nations haw
shown that they need cotton badly to
many purposes and that they will con
trive to get It somehow.
TO APPEAR BEFORE
MARINE COMMITTEE
Washington, February 26.—P. A.
Fianklin. of the International Mercantil
marine, will appear tomorrow before th
Senate ship bill investigating committee
The committee did not meet today, owlnj
to the absence of Senators Reed d"‘
Sutherland, Allen Ryan and William 11'
Clyde of Now York have been summonei
for Monday.
Montgomery Market
Montgomery, February 26.— (Special.
Spot cotton was quoted here today a
follows: Middling fair, old. nothing
new, 8.63c; strict good middling, old
nothing: new, 8.26c; good middling, ole
7%c: new, 8.08c; strict middling, old
7*J*c; new, 7.88c; middling, old, 7%c
new% 7.63c; strict low middling, old
6%c; new, 7.13c; low middling, old
6%c; new, 6.63c; strict good ordinary
old, 5^gc. new, 6.13c; good ordinary
old, 5^4c; new. ».?6c; market quiet.
ton, $39: pea green alfalfa, western, $26
mixed feeds, per ton. $35: oats, per bushe
73c; corn, per bushel, 98c; corn meal, $1.8
per 96 pounds.
Hides end Tallow
Green salt hides. 16017c; green salt hide
(half cured), 15016c; green hides (fresh
14015c; dry flint hides, 28029c: dry sal
hides. 26027c; damaged hides, half pric«
sheep skins, 50060c; horse hides, $201.&
shortings, 15025c; goat skins, 3.'>035c: ki
skins, 10c; tallow, oc; clean, unwaahe
wool, 20023c; burry wool, 12005c; ginsem
• $i05.
WEEKLY COTTON REVIEW
New York. February 26—The cotton
market has been very nervous during the
past week, with prices casing off under
more or less general liquidation. Offer
ings were pretty well taken at a decline
of some 75 to 85 points from the high
records of last month, and rallies have
followed on covering and trade buying,
but the demand has been limited and the
talk around the ring after the close of
business tonight indicated that sentiment
was still very much unsettled.
Part of the support during the week has
been attributed to Liverpool buying here
to undo straddles and the bulk of the
week's business, in fact, has quite gener
ally been regarded as an evening-up of
accounts, pending fresh developments.
Apprehensions that something might
grow out of the naval zone operations to
seriously Interfere witli cotton shipments
abroaji or that advancing costs of trans
portation would at least discourage fresh
—
buying for export account ha\o undoubt
edly been among the more unsettling far- ]
tors for the week, while the volume of;
business from trade sources has probably j
been restricted also by new contract un
certainties.
Good progress is now being made in
clearing up the details of the new con
tract, and it is anticipated »hat the New
York inspection bureau will soon begin
to class tinged and stained cotton for de- j
livery under the provisions of the new
law; while the exchange is now regularly
posting its dally revisions of spot quota
tions.
As soon as southern shippers secure ex
act Information ns to grades tenderable
here. It is predicted that business will
broaden somewhat and that shipping pur
ities between New York and other mar
kets will soon be established
Meanwidle little or o<> southern selling
against actual cotton has yet shown it
self here, ami general business in futures
is waiting for a more settled condition
in the shipping trade and also, possibly,
1 for a nearer view of the new crop start.
EXCITED SELLING
Collapse of Nearly Eight j
Cents Is Caused by
Bombardment
Chicago, February 26 -Wheat prices col
lapse* 1 nearly 8 cents today under excited
selling, every fort destroyed at the Dar
danelles costing wheat owners at the
rate of about 2 cents a bushel. Broadly,
tills was the estimate temporarily put
on the chances that 200.000,000 bushels of
Russian wheat would soon have a free
outlet, unhindered by the Turks. The
market, however, made several important
rallies, and at the finish was unsettled.
3 to 4*3* cents under last night. Corn closed
7 J§'7»<sil cent down and oats off
7* cent. Provisions wound up at an ad
vance of cent.
Corn dragged down by wheat, tumbled
t*> within about 3 centR a bushel of the
price a year ago. Rater In the day the j
ci rn became robust.
Oats at first were fully as weak as
* <.rn. but foreigners afterward took l.
400,000 bushels In the east and the mark* t
lure grew relatively stronger in oats than
in other grain.
Provisions, especially pork. suiYered a
decided setback because of grain weak
W SS.
Chicago. February 26.—Grain and
provisions:
Wheat - < >pen. High Low Close
May ,7f.. IHftf R51 T746 ~fm*
July . 1.21 Vi 1.23 1.20 >4 1.22 Vi
Corn—
May . 70 3* 71 R 70 R 7 I R
July . 71-\ 74 73 R 73 7s
Oats—
May ..... 55** 56 54 R 55 *R
July . 51R* 53 51>* 53
Pork
May .17.17 17.35 •h-.SO 17.25
July . 17.50 17.70 17.22 1.7.60
Rard.
May . 10.22 10.27 10.17 10.27
July .10.40 10.47 10.32 10.47
Ribs—
Mav . 9.75 9.85 9.70 3.82
July .10,06 10.15 10.on i • V 1 2
Kansas City Grain
Kansas City. February 26.—Wheat 5R»c
lower; No. 2 hard, Jl.43fal.45: No. 2 red.
81.43. Corn. No. 2 mixed. OTRfailSc; No.
2 white. 7K<?70Vfer; No. 2 yellow. 09c. Oats.
No. 2 white, 66<fr‘55^c; No. 2 mixed. 51 /j
@527*c.
St. Louis Grain
St. Louis. February 26.-Wheat. No. 2
red, 81.46t91.46; No. 2 hard, $1.48@J.60; May,
i Panama-Pacific
^^International Exposition
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I l|f V Of Your Spare Time
How You Can Obtain a Trip———
The plan evolved by The Age-Herald whereby you can take one of these
wonderful trips is as simple In understanding as it is easy of execution.
Although The Age-Herald bus a large circulation, there are some who at
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IHjXI derful trip to the greatest of all expositions will be yours.
HH This is not a "contest” but a bona-fide offer open to everybody. There
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J" ;,.
81.43*4. Corn, No 2. 68Vic; No 2 white,
72Vfec; May- 70-\e, Oats. No. :. 55c; No.
2 white, 56Vac; May, 54*40.
Chicago (train
Chicago. February 26.—Wheat. No - red,
$1.4201.46: No. 2 hard. $1.4701.52. U> • . No.
3. $i.ir>. Barley. 69080c. Timothy, $506.60;
ckncr. $10.50014. Pork, $16.90. lard. $9.75;
ribs. $8.3709.97.
New Orleans Rice Market
New Orleans, February 26. The upward
tendency continued In rough vice today
for which there was an active demand
but light offerings. Clean rice continued
strong. Quote: Rough Honduras. 2.500)
4.60c; Japan. 2.7504.60c; clean Honduras,
4V4®68ic; Japan. 3?i®4V; bran and polish
unchanged. Receipts: Rough, 976; millers,
970; clean, 1196. Sales. 161 sacks rough
Honduras at 4.25c; 1338 pockets clean Hon
duras at 3 l-16®6c.
Produce Market
New York. February 26. —Butter
steady; 71*61; creamery extras (92 score)
3OV4 08lc; creamery (score higher), 311 j
0 32c; creamery firsts. 27V4 0-9*»sc; sec
onds. 25027c.
Eggs weak; 8149; fresh gathered ex
tras, 26027c; extra firsts, 25Vic; firsts,
24Vi®26c; fresh gathered extras, 26©
27c; extra firsts. 25Vic; firsts. 24Vi025c;
seconds. 23 Vi @2 4c, nearby liennry
whites, 30c.
Cheese unsettled: 2024. state whole
milk, held specials, 1614® 17c: state
whole milk, average fancy, 16016**0.
Dressed poultry steady; Western
roasting chickens. 19021c: fresh fowls.
14 *> © 18c. Turkeys, 13® 21 *«<*.
Chicago, February 26.—Butter lower,
creamery, 23Vi®29c. Eggs lower: 11,915;
at mark, cases included. 19021 Vic: or
dinary firsts, 20Vic; firsts, 21 Vic. Pota
toes lower: 48; Wisconsin and Michigan
white. 350 10c; Wisconsin and Michigan
red. 35040c.
St. Louis. February 26. Poultiv un
changed. except springs. 17c. Ducks,
14c: geese. S6c. Flutter unchanged. Eggs,
20 V
Wool Market
Boston. February 2.6.- There lias been
a lull in the trading in wool this week, al
though the market has lost none of it."
strength. Reports from nil over the world
show that the tendency of wool value?
is still upward. iiis'Plies here are limited
but holders of wood found little difficult.)
in realizing full market prices.
At tlie London sales competition ha?
been keen nil the week, with prices ad
vancing. and in Australia, the market k
appreciative, too, with American coinpc
titlon keen.
Missouri three-eighths blood. 35c; hal
blood, 35c; braid, 30081c.
Kentucky and similar half blood, un
washed. 34035c; three-eighths blood, un
washed, 36037c.
Naval Stores
Savannah. Ga.. February 26. Turpen
tine firm, 42c; sales, 22; receipts. 41; ship
ments. 14; stock, 33.891. Rosin firm; sales
515: receipts. 292; shipments, none, stock
139,399. Quote: A. B. $2,92*4; <\ D. $3.0^4
E. F, G. $3.05; H. $3.07*4; I. $3.15: FK
83.25; JM, $1: N, $5; WG, $5.45; WW\ $5.56
FELL* TRADE
Optimism Is Tempered by
Conservative Buying.
Says Bradstreet
' #
Now York. February 26.-Brad8tr#et?8
tomorrow will say:
Renewed expansion in trade, especially
in tho southwest, further speeding up in
Industrial operations and excellent aJ
vices as to winter wheat go band in bane*
with optimism, which, however. Is tem
pered by conservative buying. There is
no disposition to speculate as to the fu
ture. partly because it Ip deemed prudent
to wait for expansion In the curtailed
purchasing power of those dependent
upon industrial operations, and partly be
cause banks are carefully scrutinising
credits, even though money is cheap.
With war orders furnishing activity to
a number of lines, idleness has decreased,
many ammunition plants are working
double time; shipbuilding aids face
many months of activity; automobile
shops, especially those making commer
cial cars for use in the European war
zone, arc speeding up and certaijn
branches of the machine tool industry
are awamped witli war orders.
Railway earnings are showing up bet
| ter. and January reports, taken coUeet
I ively. are likely to present a move plcns
| ing view. •
Bank clearings for the week ttlve days)
aggregate $2,509,406,000, u decrease of 7 6
per cent as compared with the like week
last year.
Business failures for the week weio Itw,
compared with 260 lust yettr. In t'ahada
commercial failures number 59, against
4!) a year ago.
... -—■ • ■ —.—
Search for Damaged Steamer
Boston. February 26.—Search for the
British steamer Florence File, reported
a few days ago as adrift In a damaged
condition, was stopped by Capt. H, F.
Broadhetit of the coast guard cutter serv -
ice today when be learned that the
steamer had reached Halifax. N. S. The
Florence File had proceeded under her
own steam, although her rudder wait at
times unmanageable and some of her
boilers were leaking.
Would Form World State
Boston, Febrnarv The Massachu
setts house concurred today in a senate
resolution requesting t'ongyess to invite
all nations to unite in the formation of
a world state.
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in their private correspondence with
women, whleh proves its superiority./
Women who have been cured say
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