The Birmingham age-herald. [volume], July 17, 1915, Page 11, Image 11

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

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Manipulation of War Shares
and Specialties Influence
Stock Market
New York. July lS.-More obvious ma
nipulation of the war shares and kindred
specialties, with further heaviness in some
of the railways recently favored by dis
ci iminatlng investors, were the conspic
uous features of today s irregular mar
ket. Trading in munition shares was
. asraln out of all proportion to the sum
i total of the day’s operations, half a
dozen of these stocks. together with
United States Steel, contributing over 65
per cent of the turnover.
Bethlehem Steel at 18794. Crucible Steel
con.mon and preferred at 444 and 99. re
spectively, Baldwin Locomotive at 744*
General Motors at 1834. Willys-Overland
fit 1394 and American Can common and
preferred at 52% and 105 respectively,
scored new high prices.
Southern Pacific was not only the most
active railway, but also the weakest.
Union Pacific. Canadian Pacific, Reading
ana some others reflected the pressure
against Southern Pacific. New’ low’ rec
ords were made by Rock Island at 11%.
and Missouri, Kansas and Texas common
end preferred at fi and 14 respectively.
Steady but reduced selling of bonds for
fcreign account was again a feature,
United States Steel 6’s being most freely
ofrered. Total sales, par value, aggre
f fca ted $2,310,000.
United States bonds unchanged on call.
_Stock Quotations
Sales High Low. Close.
Amer. B. S. . . “220(1 “40% 48% 48%
Amal. Cop.4600 74 % 73% 73%
Amer. Can ...25100 52% 51% 51%
Amer. C. pfd. 4 6
Amer. Cot Oil . 600 47 46 % 46%
i Amer. Smelt. ...6700 80% 79% 80%
Amer. Sugar ... 7on 109% 109 109%
Amer. T. <4 T. . 700 121% 120% 121
Amer. Tob. 100 24 % 224 % 224 %
Atchison .2700 101% 100% 100%
A. C. I* . 100 100%. 100% fnn%
B. & 0.1600 77% 76% 77%
Beth. Steel ....7900 187% 181 1ST1
B. R. T. 300 87% 87 % 87%
Can. Pac.2800 141% 143 143%
Cen. Leath.S400 42% 41% 42%
C. & o. 27'
C., M. & St. P. .1900 81% 80% 81
C„ R. I. * P. .10200 13% 11% 12
Con. Gas . 600 129% 127% 127%
Corn Prod.5000 15% 14% 15
Erie .2500 25 % 25% 25%
Gen. Mo.1200 183% iso 183V*
C. N. pfd .1400 117 115% 116
III. Cen. 200 103 102% 102%
Inter.-Met. pfd . 500 72% 72% 72%
K. C. S. 500 23% 23% 23%
L. & N,.109%
Liggett & Myers.223
Lorlllard Co.168
Max. Mo. Co. ... 500 36 % .36% 36%
M„ K. & T.1500 6 5 n %
Mo. Pac.2900 3% 3% 3%
Mex. Pet.1100 74% 73% 73%
Nat. Lead . 700 64% 63 63
N. Y. C.1200 87 85% 86%
N. Y„ N. H.
& Hart. 700 59 57% 58
N. & W. 200 103 102% 103
, Nor. Par. 400 104% 103% 103%
Renn. . .,. 1800 106 105% 105%
Reading.6800 1 47% 146% 146%
R. I. & S.32100 33 30% 32%
do pfd .1800 90% 89% 90
S. A. L. 13
do pfd . 500 33 32% 32%
Sloss-Sheff. S.
and Iron ....2400 37% 36 36%
Stude. Cor. 100 82% 82 82%
Sou. Pac.3100 8 1 82% 83%
Sou. Ry. 500 14% 14% 14%
do pfd . 100 47 47 47
Tenn. Cop.8500 39% 3S% 39
Texas Co. 200 130 129% 130
T. & P.100 12% 12% 12%
Union Tar. 300 1 27% 125% 126%
U. S. Rub. 1 400 48 47% 47%
U. S. Steel _119900 63% 63 63 %
do pfd . 900 110% 110% 110 V*»
Utah Cop.2800 68 67 % 67%
V. -C. Chem. 800 33 % 32% 33%
West. Union ...1200 70% 69% 70
West. Elec. ..50900 105% 103% 10.3%
Total sales for the day, 695,000
shares.
Bonds
TJ. S. 2s registered .7... 97
TT. S. 2s coupon . 97
U. S. 3s registered . 100*4
TT. P. 3s coupon . 100
TJ. S. 4s registered . 109
U. R. 4s coupon . 1KH&
Central of Georgia consol. 5s . . 99
Illinois Central ref. 4s . 85
Louisville & Nashville un 4s .... 9094
Seaboard Air Line adj. 5s . 64
Southern Bell 5s . 5 7 h'j
Southern Railway 5s . 9^Mn
Southern Railway gen. 4s .... 61 9a
V. S. Steel 5s . 101 %
. Mercantile Paper
f New York, July 16.—Closing: Mercantile
paper, 3©3% per cent; sterling exchange.
60-day bills, $4.72.50; demand. $4.76.35;
cables, $4.76.95. Francs; Demand, $5.56;
cables, $5.55. Marks: Demand. 81Vfec;
cables, 815sc. Lires: Demand, $6.13;
cables, $6.11. Rubles: Demand, 347sC;
cables, 35V&C.
Bar silver, 47f*8<". Mexican dollars. 3694c.
Government bonds steady; railroad
bonds irregular.
Time loans steady; 00 days, 2% per cent;
80 days, 2*4 per tent; six months, 3©3*4
percent.
Money: Call steady; high 2 per cent;
low, 1*4 per cent; ruling rate, per cent;
last loan, 2 pen cent; closing bid, 194 per
cent; offered at 19* per cent.
English Money
London, July 16.—Bar silver. 22%d
per ounce. Money, 2 per cent. Discount
rates: Short bills, 5© 5** per cent; thr«t=
months, 6@5*4 per cent.
Live Stock
Chicago, July 16.—Hogs: Receipts. 11,
000; strong. Bulk, $7.20@7.85; light,
$7.56@8.00: mixed, $7.15@7.90; heavy,
$0.80® 7.65; rough, $6.80© 7.00; pigs,
$7.00® 7.90.
Cattle: Receipts. 1000; steady. Native
beef steers, $6.60® 10.40; western steers,
$7.15(0)8.35; cows and heifers, $3.20@
0.25; calves, $7.00@10.50.
Sheep: Receipts, 4000; steep stealy;
lambs weak. Sheep, $5.60@6 75; lambs,
$6.00 @8.30.
St. Louis, July 16.—Hogs: Receipts,
6200: higher. Pigs and lights. $7.25@
* 8.°5; mixed and butchers, $7.30® 7.85;
good heavy. $7.20@7.50.
Cattle: Receipts, 2700; steady. Native
beef steers. $7.50@10.30; yearling steerg
and heifers, $S.00®;9.65. cows, $6.00®
8.15; stackers, $6.00® 8.25; Texas a.id
' Indian steers. $5.25® 8.85; cows and
heifers, $4.00@6.50; native calves, $6.06
@10.50.
Sheep: Receipts. 1300; steady. Clipped
native, muttons. $5.00® 5.25; lambs. $7.*c
@8.15, clipped Iambs. $7.00@7.50.
Kansas City, July 16.—Hogs: Receipts
3400: higher. Bulk, $7.40©7.60; heavy
$7.25®?.55; packers and butchers. $7.4(
@7.60; f light, $7.40@7.60; pigs, $7.00®
7.50.
Cattle: Receipts, 700; steady. Prim*
fed steers, $9.50@)10.00; dressed bee:
steers. $S.40@9.50; southern steers, $5.${
@9.25: cows, $4.50@7.65; heifers, $7.0(
@9.75; stoekers, $6.50(0)8.50.
i Sheep: Receipts, 1000; lower. Lambs
Hubbard Bros. & Co.
Cotton Merchant*, Hanover Square. V
y. Member* Now York Cotton Exchange
New Orftytns Cotton Exchange. New
York Prottuce Exchan gre, Associate
Members Liverpool Cotton Association
Orders solicited for the purchase and
aale of Cotton and Cotton Seed Oil for
future delivery. Special attention and
> liberal terms b1 van for consignment* at
apot cotton for Jlellvery. Correspond*
~~ 1 '
[iron and steel market
I STRONGER THAN IN WEEKS
Pig Iron Sales During Week Have Been'Heavy With Prices at
$10—Inquiries Out for 50,000 Tons for Speculative Pur
poses—Business in Wholesale Lines Good
-a_
Birmingham's iron and steel market is
_ stronger than in many weeks. Pig iron
sales are good with prices tending to
stiffen at $10 and higher for No. 2 foun
dry Furnace activities are increasing
and stocks are reaching exceptional low
levels on account of the increase in
sales.
During the week 50,000 tons of pig iron
and probably more have been sold on the
basis of $10 for No. 2 foundry. A peculiar
phase of the market is the apparent ten
j dency toward monopolization of sales by
j one big maker. Inquiry is out for 40,000
j and 50.000-ton lots for speculative purposes. I
The rail mill of the Tennessee Coal.
Iron and Railroad company at Ensley is !
operating about 75 per cent capacity, \
and the wire mill of the American Steel
and Wire company at Fairfield at about
85 per cent capacity, neither showing any
change in the last few weeks. Owing to
the rolling of billets and similar material
at the rail mill, however, its total opera
tion is slightly increased.
During the wreek a quotation as high as
$10.25 has been placed by one maker on
a request for 5000 tons to a northern buy
1 er. One order for 10,000 tons of No. 3
foundry has been closed at $10. it is re- i
porte*d, which is a basis of $10.50 for No. j
2. In addition to furnaces already an- i
nounced as going into blast about August \
l, it is understood still another will be j
biown in. The prevailing quotation for No. i
2 is $10 strong for last half delivery. In- j
quiry for new year business has been re- 1
ceivtd, but as yet local makers have
made no 1916 quotation.
Business in the wholesale district yes- i
terday was fairly brisk, and receipts of!
produce proved quite large. Heavy water- j
melon shipments were received, and sev- ;
eral cars were disposed of. Five cars
were received by the Bell-Rodgers Pro- !
duce company, two of these arriving from !
Alabama points. This concern also re- j
celved a car of Rockyford cantaloupes 1
from St. Elmo. wrhlch are said to be of j
excellent quality, and are quoted at $1.50
per crate.
Further advances w-ere noted yesterday
on the local meat market, extra ribs and
salt bellies again coming in for a quarter
rent rise.
Among other receipts from Alabama
points were: 21 crates cantaloupes, Theo
dore; 34 crates plums, Gordo; 1 crate figs,
Gordo; 4 crates peaches, Jasper; 23 boxes
apples, Gadsden: 50 crates figs, Citronelle;
10 cases Georgia Elbertas; 1 case eggs, Sul
llgent; 1 coop chickens. Phil Campbell; 2\
coops chickens, Winfield; 5 coops chickens, j
Guin; 23 crates cantaloupes, Valdosta; 11
crates'* peaches, Jasper; 2 crates apples,
Fruithurst; 29 crates cantaloupes, Theo
dore; 5 crates grapes, Thorsby.
Quotations for today follow:
LOCAL QUOTATIONS
Poultry and Epps
(Commission merchant's price)
Hens—11c.
Fryers—38<g>20e.
Broilers—16ff?17c.
Guineas—30c.
Roosters—25c.
Fresh country eggs, lo^lGc; graded, car
ton eggs, 20c.
Meats
(Packers’ Selling Price)
Extra Ribs—11c.
Bellies—Ulic.
Butts—15c.
Pork Doins—17c.
Neck Bones—4c.
Breakfast Bacon—18@2Gc.
: Spare Ribs—9c.
Regular Hams—17c.
#
Skinned Hams—17c.
Pure Lard—9$frc; compound 7®»c.
Fish
(Wholesaierr,’ Selling Price)
Perch— 80S»£c.
Salt Watei Trout—ll@12Hc.
Blue Catfish—Ti^c.
Red Snapper—8U010c.
Gray Snapper—5c.
Mullet—6c.
Shrimp—10c.
Spanish Mai V M el—L’VfctfFIVM
Sheephead—S 2c.
Creamery Products
(Wholesalers/ Selling Price)
Creamery Butter^-oO^c. process butter.
‘-’7j2c; oleomargarine, 14(0230.
Full Cream Cheese—17'ac; Imported)
Swiss. 35c; Pimento, dozen. $1.35.
Fruits and Produce
(Wholesalers' Selling Price)
I -emon s—$30 3. GO.
Lettuce—$1(01.25 per box.
Limes—75c(0$l per 100.
Pineapples—81-.5O02 crate.
Peaches—76c to $1.25.
Peaches. H bus. baskets. 16@25c.
New’ Apples— $1(01.25 per hamper.
Peanuts—5$fe@1>Hc per lb.
Home Grown Tomatoes—40060c basket.
New Potatoes—75c per bu.; No. 2, 60c
per bushel.
Virginia Potatoes—Cobblers in 11-lb'
paokages, $2.
Roasting Ears- 16@2oc doz.
Eggplants—$1(01.50.
Alabama Onions—$101.25 crate.
Northern Onions—Per 75-Ib. sack, $1.25. :
New* Cabbage—$101.50.
Green Beans—Hamper. 50075c.
Home Grown Tomatoes—40050c.
Home Grown Squash—Per half-bushel
basket. 20030c.
Home Grown Cucumbers—Per half
bushe! basket. 25060c.
Lodnn Layer Raisins-$1.75.
Huckleberries—24-quart crate, $1.7602.
Watermelons—10020c.
‘ 'antaloupes—$1.5001.75.
New Swreet Potatoes—$1.75 per hamper.
Missouri Apples -$1.25 crate.
Flour and Feedstuff's
(Wholesale Quotations.)
Self-rising flour. $6.40; Tennessee flour,
$6.35; Michigan Hour, $7.25; Idaho flour.
$6.65; Indiana flour, $6.55; hard winter
wdieat flour, $6.60; shorts, $33; pure wheat
bran, $30: C. S. meal, 7% per cent, $29;
< 'remo meal. $26; C. S. hulls, $!0 ton; No. 1
timothy hay, $25 per ton; pea green al- I
falfa: western. $22, and southern alfalfa.
$19; mixed feeds, per ton, $35; oats, per
bushel, 66c; Texas oats, 61c; corn, per;
bushel, $1:03; cornmeal, $1.90 per two-,
bushel sack; chops. $1.95.
Hides and Tallow
(■Dealers' Buying otter..
Green Salt Hides—16017c.
Green Salt Hides (half cured)—15016c. 1
Green Hides (fresh)—14015c.
Dry Salt 11 ides—25026c.
Damaged Hides—Half price.
Sheep Skins—25060c.
Horse Hides—$203.
Sherlings—15026c.
Goat Skins—26030c.
Kid Skins—10c.
Tallow—506c.
Beeswax—27028c.
Washed Wool—83@Q5c.
Clear Unwashed Wool—27028c.
Burry Wool—16018c.
I Wild Ginseng—$506.
Spot Cotton
(Brokers’ Quotations.)
Good middling .
Strict middling .
Middling .
Strict low middling .
The Iron Market
. $10.00010.50
2F . 9.50010.00
SF . 9.000 9.0O
Gray Forge . 8.500 9.00
IS . 10.00010.60
I $7.756 8.00; yearlings, $6.50 Iff'-25: weili ■
ers, $6.0068.50; ewes, $5.5066.25.
Coffee Market
New York. .July 16.—The market for
coffee futures was very quiet again to
, day, but after opening unchanged, prices
worked higher on a renewal of bull sup
port which was believed to be based on
: expectations of Brazilian government's
support of the primary markets. The
close was S to ;t points net higher. Sales,
6000; July, 7.13c; August, 7.03c; Septem
ber, 6.89c; October, 6.92c; November,
i ii.94e; December, 6.96c; January, 7.01c;
: February. 7.05c; March. 7.09c; Apill,
7.14c; May, 7.20c; June, 7.25c.
Spot quiet; Rio No. 7, 714c; Santos
No. 4, 944c. Today was a holiday in
Brazil and very few7 offers were re
s ported in tile cost and freight market
, There were rumors of private cables
; from Santos via London reporting an
; advance in the primarj- market on buy
; ing by some of the larger Brazilian
; firms.
; The official cables reported a decline
of 1-16d In the rate of Rio exchange
. cn London yesterday with milreis pile, s
l unchanged. Brazilian port receipts, 73,
000; Jundlahy receipts, 74,000.
1 Naval Stores
Savannah, July 16.—Turpentine firm,
: 39‘4c: sales. 506 r receipts, 559; ship
1 nients. 467; stock, 24.403 Rosin firm,
sales, 1526; receipts. 819; shipments,
6141: stock, 55,582. Quote: A, B. *2,90;
C. D, $3.00: E, $3.10: F, $3.1,5; G. $3.20:
H. $3.2063.25; I, $3.25; K. $3.60; M, »4.Wr
.N $5,106 5.20; WG, $8.1566.25; W'A.
1 $6.40 6 6.45.
Sugar Market
New7 York, July 16.—Sugar futures
opened 4 to 6 points lower, but towards
noon Improved a point or two on reports
• of a better feeling among holders of raw
• The raw sugar market was steady. Cen
• trlfugal, 4.8364.86c; molasses, 4.0664.09c;
refined steady. July and September quiet
• and unchanged. Prices declined in the
. afternoon under Wall street selling The
closing was barely steady, 4 to 8 points
lower. Sales. 7600 tons. July. 3.69c; Sep
; tember, 3.80c; December, 3.54c; March,
. 3.22c.
Cotton Seed Oil
New York, July 16.—Cotton seed oil was
■ easy early, with the decline In lard, hut
later steadied up on covering. Induced
by light crude offerings and the sharp
’ rise In cotton. Final prices were net 2
points low7er to 1 point higher. Sales, 2600
barrels. Spot. 5.9566.08c: July, 6.996 6 04c
' August. 6.0266.04c: September and Octo
1 her. 6.0766.09c; November, 666.06c: Decem
ber 8.0666.09c: January. 6.1166.15c; Feb
1 ruary, 6.l266.15o.
Metal Market
New York, July 16 —Copper dull; elec
q trolytlc. $19.75620. Iron steady and un
, changed. Tin, quiet, S37.50@87.75. At Lon
don, spot copper, £75 15s; futures, £77
electrolytic, £91 10s. Spot tin, £170; fu
“ tures, £163; antimony, £125.
I Rushton and White
to Address Veterans
- Anniston, July*17.—(Special.)—F. s.
■White of Birmingham and Ray Rush
ton of Montgomery will be among the
spearers at the nineteenth annual re
union of Camp William H. Forney,
Lnited Confederate Veterans, at
Scheiick s Sulphur SpringB on August
.*. The reunion will begin on August
4 and will continue through the oth.
An address will be delivered the first
day by Her. 8. P. West ot Jackson
ville.
PRICES ADVANCE
IN COTTON MARKET
Heavy Buying Forces Prices
Up Nearly Two Dollars
a Bale
New Orleans. July lg.—Heavy buying
featured the cotton market today, forcing
prices nearly $2 a bale over yesterday's
close. While much of the demand came
from covering shorts there was algo bp
insistent Inquiry from the long side. In
the last half-hour of business the mar
| ket displayed most strength and the close
was at a net gain of 31 to 34 points.
The opening was at the advance and
at no time did the market make a ma
terial reaction. In the early trading
prices rose about 10 points on aggressive
buying from the long side, which drove
weaker shorts to cover. Drouth In south
Texas and shedding in the eastern belt
were given as tile reasons Tor the bullish
feeling displayed. r
During the morning the advance was
widened to nearly 20 points by a private
bureau report on condition, which showed
a loss of 1.7 points during the last fort
night. Reports of large buying of con
tracts by spot people and heavy trad
ing in spots in the interior during the
last few days kept the advance going
In the afternoon when the trading months
at their best stood 36 to 39 points up.
_•_New Orleans Cotton Futures
__• Hugh. Low. Closa.'
du!y, .■ 05 Oj
^cto,,pf . 9.29 8.96 9 24
December . 9.152 9.18 9 47
January . 9.62 g;5a,
March . 9.79
New Orleans Cotton
New Orleans, July 16,-Spot cotton
a‘ea<5y' 7 Points up Sales on the spot,
(00. to arrive, 900. Good ordinary, 6 56c
strict good ordinary, 7.72c; low middling’
7.(0c; strict low middling. S.20c; middling’
^I'Ct n?ldrHins' good mld
dllng. 9.14c: strict good middling. 9.61c
Receipts. 1417: stock, 166.543.
HUNDRED TEACHERS
TO TAKE EXAMINATION
- -
Anniston, July 17.—f Special.)—A
teachers' examination will be held at
the courthouse next Monday, Tuesd»
and Wednesday. Miss Ada Persons, sec
retary to the county superintendent of
education, stated that thla will be the
last examination to be held before
December, and that over 100 teachers
will probably take the examination.
Court Reporter Returns
Anniston, July 17.—(Special.)—R. D.
Algae, official reporter for the city
court, returned yesterday from Tampa,
FUu, where he was called by the se
rious Illness of his father. Mr. Algee
reported today that his father la now
out of dangar.
BUYING MOVEMENT I
ADVANCES COTTON
Market Influenced by Sensa
tional Strength in New
Orleans
New York. July 16.—More bullish crop
reports seemed to be largely responsible
for a buying movement in the cotton mar
ket here today, which became active and
excited in the late trading when prices
advanced very rapidly with active months
selling $1.50 or more over last night’s Anal
I figures. The close was slightly off from
the best under realizing, but firm at a
net advance -of 27 to 29 points.
Liverpool was better than due. and the i
market here opened steady at an ad
vance of 6 to 7 points on a scattering j
! demand from Wall street and local j
sources. A private crop report published
shortly after the opening making the con
dition only 77.8 per cent against 79.6 per
tent on June 25, proved something of a
surprise to local traders, who had taken
a generally favorabel view of weather
conditions, while the advance was also en
couraged by the continued dry weather In
south Texas, the improved tone of the
stock market, and the more optimistic
view of international politics. After selling
about 12 to 13 points net higher, prices
reacted 4 or 5 points under realizing, but
firmed up again and became particularly
strong in the late trading owing to the
development of almost sensational
strength in New Orleans, a scare of shorts
and more aggressive bull support. Oc
tober sold up to 9.46c with active months
generally showing net gains of from 30
to 36 points in the late trading. Except
for the less favorable average of crop
advices, there appeared to he no material
change In the general average of the
news, but the late advance was probably
encouraged by bullish week-end figures
and the continued heavy out-of-slght
movement. Exports for the day were 4443
bales, making 8,224.822 so far this season.
Port receipts, 6214. I'nited States port
stock, 801,239. Spinners’ takings for the
week were placed at 234.457 bales, against
133,573 last year, and the visible supply
of American cotton decreased 156,843 bales
against a decrease of 117,219 last year, |
New York Cotton Futures
“High. Low. Close j
July . . ... .77_7. 8.79 8.79 06 1
October . 9.46 9 15 9.39
December . 9.70 9.43 9.64
January .. 9 77 9.51 9.73
March . 10.00 9.78 9.98
Port Cotton Market
New Orleans: Middling, 8.57c; receipts.
1417; sales, 1600: stock. 166,643.
Galveston: Middling. 8.70c; receipts. 611;
sales. 968; stock. 128,207.
Mobile: Middling, 8.12c; receipts, 6;
stock, 15,194.
Savannah: Middling, 8.63c; receipts, 1036;
sales. 17; stock, 67.563.
Charleston: Receipt*, 2; stock, 46.342.
Wilmington: Receipts. 74; stock, 40,133.
Norfolk: Middling, 8.25c; receipts. 177;
sales. 149; stock, 49,748.
Baltimore: Receipts. 200; stock, 2070.
Boston: Middling, 9.10c; receipts, 122;
stock. 14,261.
Philadelphia: Middling. 9.50c; stock, 2528.
New York: Middling, 9.26c; exports, 2264;
stock, 248,881.
Minor ports: Receipts. 1986; exports, 2189;
stock, 15,512.
Total today: Recetpts, 5660; exports,
4443; stock, 796,042.
Total for week: Receipts, 38,306; exports,
39 778.
Total for season: Receipts, 10,656,982; ex
ports, 8,221,938.
Interior Cotton Market
Houston: Middling, 8.70c; receipts, 1731;
shipments. 18X1; sales, 120; stock, 66,497.
Memphis: Middling, 8.76c; receipts. 314;
shipments, 1141; sales, 16"; stock, 86,543.
Augusta: Middling, 8.60c; receipts, 30;
shipments, 1564; sales. 656; stock, 72.691.
Pt. Louis; Middling. 85,c; receipts. 448;
shipments, 431; stock. 19,869.
Cincinnati: Receipts, 176; shipments, 224;
stock. 18,347.
Little Rock; Middling, 8 60c; receipts, 2;
shipments, 3; sales, 3; stock, 10,116.
Dallas: Middling, 8.30c; sales. 117.
Total: Receipts. 2701; shipments, 6164;
stock, 274,063.
World's Visible S,upply
Total visible (his week. 6,211,000; last
weeek. 6.438,000; same date last yer.r,
3,520,000; same date year before, 2,921.
000. Of this the total American this
week, 8,689,000; last week, 8.810,000;
Inst year, 1.889.000; year before. 7.5*2,
000. All other kinds thllhweek. 1.671.000,
slnt week. 1,627,000; Iasi yha r. 1,631,000,
year before, 1.339,000. Vlvtble In the
United states this week. 1.288,000; this
date last year, 434.000, Visible In other
countries this week, 3,928,000; this date
last year, 8,087,000.
Liverpool Cotton
Liverpool, July 16.—Cotton:. 8pot
steady. Good middling, 6.45d; middling,
,515d; low middling, 4.69d. Sales, 12,000;
lor speculation and export. 2000. Re
ceipts, 1000. Futures steady; July,
6.05d: July and August, B.ngd; August
and September. 5.09lid; September and
October, 6.17'dd. October and November,
b.23d: November and December, n.28d;
December and January, 5.32 4d; Janu
ary and February, 6.36 l$d; February
nnd March, 6.40l$d; March and April,
.615d; April and May, S.48d; May and
June, 6.51d; June and July, 5.58Hd; July
and August, 5.56Hd.
Dry Goods Market
New York, July ll|.—Cotton goods to
day quiet In the staple end. Fine and
fancy goods are attracting unusual at
tention. Wool strong and active.
Hubbard Bros. & Co.’s Letter
New York. July 16.—(Special.1—Continued
good demand for spot cotton In Liver
pool foreshadowed a large statement of
the spinners' takings for the week. This
passed unnoticed until late In the after
noon, the strength in the market after
opening being due to the decrease In the
condition of the crop reported by Miss
Giles for the period from'June 25 to date.
The temper of the market with few offer
ings quickly advanced prices soms 80
points from yesterday. This advance was
too rapid and a recession followed. Spin
ners' takings show an Increase of 100,000
bales in excess of last season. Possibly
the demand for war munitions Is now
making Itself felt in the statistics. Aftsr
the close opinions were expressed that
the advance had been too rapid today.
PLACERESTRICTION
ON HIDE EXPORTS
London, July 16.—(1:43 a. m.)—The gov
ernment has placed restrictions on the
export of hides .says thg Central News'
Calcutta correspondent. Exportation to
Sweden, Roumania, Greece and Bulgaria
has been prohibited and to other neutral
countries greatly restricted. Their ex
port to the United States Is permitted
under the Importers’ guarantee that the
destination of the hides Is not an enemy
country.
Minority’s Power
From the Washington Star.
“You believe In the will of the major
ity. of course?”
"Well," replied Three-fingered Sant,
"It's all right, theoretically but It won’t
always work out In practice. I've seen
two men hold up a whola trainload of
peopla"
WHEAT CONK
Market Closed Unsettled,
But Gained Over Last
Night
Chicago, July 16.--Threshing and im
proved export demand had a bullish in
fluence today on wheat. The market
closed unsettled but %0%c above last
night. Corn gained %0<%c to %c net, and
oats %0%c to %c. The outcome In pro
visions was 2%c to 12%<S15c decline.
Corn rose In response to wheat strength,
and as a result of a good inquiry from
shippers.
In the oats crowd shorts were on the
buying side most of the day.
Selling by packers weakened provisions.
Future quotations were as follows;
Wheat Open. High. Low Close
July . 1.16% ~ LlT I K'
Sept . 1.08% 1.10 1.07% 1.08%
Corn—
July . 76% 77% 76% 76%
Sept . 72% 73% 72% 72%
Oats—
July. 49% 60 49% 49%
Sept . 37% 38% 37% 38%
Pork—
Sept .16.32 IB.45 15.25 15.25
Oct .15.60 16.60 15.37 16.40
Lard—
Sept . 8.40 8.40 8.37 8.37
Oct . 8.47 8.47 8.47 8.47
Ribs —
Sept .10.35 10.17 30.10 10.15
Oct.. 10.20
Chicmgo Grain
Chicago. July 16 —Wheat, No. 2 red. new,
$1.24%; No. 2 hard nominal. Corn, No. 2
yellow, 78%079c. Rye, No. 2, $1. Barley.
74078c. Timothy, $4.7608.25. Clover. JS.5O0
10.85. Pork, $10. Lard. $8.0708.17. Ribs.
$9.60010.
Kansas City Grain
Kansas Citv. July 16.—Wheat. No. 2
hard. $1.3301.42; No. 2 red. $1.1701.28.
Corn, No. 2 mixed. 77c; No. 2 wrhtte, 77%0
78c; No. 2 yellow, 78078%c. Oats, No. 2
white, 63c; No. 2 mixed, 49050c.
St. Louis Grain
St. Louis, July 16.—Wheat. No. 2 red
nominal; No. 2 hard nominal; July, $1.13%;
September, fl.06%01.06%. Corn, No. 2, 78c;
No. 2 white. 79%06Ac; July, 78c; Septem
ber. 71%c. Oats. No. 2. 64c; No. 2 white.
55%c; July, 47%c; September. 36%c.
Produce Market
New York, July 16. -Butter steady; re
ceipts, 11,070; creamery, 92 score, 27c%
creamery, higher scoring, 27%028c; firsts.
24%046%c; seconds. 23024%c. Eggs firm;
receipts, 11,423; fresh gathered extras.
24026c; extra firsts. 22023c; firsts. 20021c;
seconds, 18019c. Cheese steady; receipts,
6241; state whole milk, fresh, fiats and
twins, colored specials, 16c; white, 14%c;
colored, average fancy, 14%@14%c; white,
14%014%c. Pressed poultry quiet; west
ern frozen roasting ehilkens. 18042c; fresh
fowls, Iced. 13%017c; fresh turkeys, iced,
15016c.
Chicago, July 16.—Butter unchanged.
Eggs unchanged: receipts, 13.997. Potatoes
unchanged; receipts. 30 cars.
St. Louis, July 16.—Poultry unchanged
except springs, 17018c. Butter and eggs
unchanged.
Kansas City, July 16.—Butter, egga and
poultry unchanged.
New Orleans Rice Market
New Orleans, July 16.—Trading was con
fined to the clean grade of rice today, thf
tone of which whs quiet. Receipts rough,
5. Sales, 1028 pockets clean Honduras at S
0-4%c; 600 pockets Japan at 4 5-18o.
— . . — -
WEATHERLY ISSUES
WARM STATEMENT
(Continued from Page Five)
mingham. No! He will not per
mit the voters of Birmingham to
express their choice on the rais
ing of the tax rate on their own
and other people’s property in the
city. He would deny that measure
of home rule. He will decide for
them what measure and manner of
lellef they should have and he will
decide such other things as will
affect their vital Interests and in
all this he Is ‘trying to act in a
oalm, deliberate and patriotic
way.’
“That Birmingham Is being as well
governed as possible under the cir
cumstances, has been the calm, deliber
ate and patriotic verdict of 160 of
the city’s most representative ctissens.
They recognize clearly and feel deep
ly the need for Immediate relief. The
temporary relief asked for has been
granted by the people themselves in
a direct vote for a bond Issue of a
million and a quarter dollars. Those
bonds were sold yesterday at a pre
mium. The people will ratify the rec
ommendation of the committee of 160
for permanent relief If given a chance
by the legislature and it seems that
this chance depends on a nod only from
Mr. Weakley. Will he give thq nod?
It would be well for him to do so, in
stead of devising schemes for revolu
tionizing the present government, in
creasing offices, thereby adding lure
to the game of politics and the lust
of the politicians.
No Time for Resolution
"Ts this a time for revolutionizing
the government? Why not strengthen
the existing government: why not hold
up its hands? Will Mr. Weakley’s five
commissioner bill carry out the con
tract to purchase the Birmingham
terworks. the policy of municipal own
ership of public utilities of building
viaducts, building up the suburbs?
"With all Its financial distress, ns
ahown by yesterday's bond sale, the
credit of the city is fundamentally
sound. Will It be bettered by Mr.
Weakley's plans for Its betterment, or
by Mr. Fhaplro’s plans for Its better
ment? %
"The calm, deliberate and patriotic
thing fer the Jefferson delegation to
do Is to require the county to ap
propriate $200,000 to the city out of
the taxes received by the county from
the taxation of the citizens of Bir
mingham; to pass an honest and work
able equalization bill: to permit the
people to fix their own rate of taxa
tion at $1.60 or less, if they choose, and
not to tamper with the charter hnd
charter privileges of their home city,
•specially for the benefit of monopolies
and to help organize and render ef
fective and opertlve public sentiment
In Birmingham for better and more
unnnlmous co-operation and for secur
ing a greater solidarity and mass
movement In working out its complex
problems."
MERCHANTS AGREE
TO PAY FOR LIGHTS
Anniston. July 17.—(Special.)—A
committee appointed by the Annleton
Chamber of Commerce, consisting of
Frank Leigh, S. J. Powers and Leon
UJlman. visited the merchants on No
ble street Friday for the purpose of
securing funds for the white way. It
costs approximately 11800 per year to
operate the white way and the city
pays one-half of this amount.
When the original contracts between
the merchants and the Alabama Power
company expired sometime ago they
ver* uet renewed and no provision WM
made for the maintenance of the white
way. The lights continued to burn,
however, and the matter was taken up
by the Chamber of Commerce with the
result that the committee was appoint
ed to look after the matter.
A new contract has been drafted by
the terms of which 80 cents per year
per front foot is charged for the serv
ice. As the city bears one-half of
the expense, the merchants only hav«
to pay 40 cents per foot and this ts
considered more satisfactory than the
eld agreement.
A member of the committee stated
this morning that the committee was
agreeably surprised to find that tht
HOTELS AND SJJIVI^IEK RESORTS
SHERWOOD INN old t’'’"1' ®*"*
fort. A a.. (Fort
I ross Monroe). The most chnrmlns. rest
ful, healthful spot In America. Hotel
beautifully located Refined and attrac
tive. Delightfully cool and no mosqui
toes. New and entirely modern. Terms
very moderate. Special weekly. Open all
vear. Booklet.
F. M. CrXXINGHAM, Mgr.
I Resorts—New Jersey—Wildwood
SUMMER IS_
DELIGHTFUL
hue with cool. Invigorating hreeaes. Magnificent
boardwalk, ocean plerp. theatrM anti lota of
amusements. Homelike hotela. Excellent train aerv
loe. For handsome booklet write today to
J. WHITESELU City Clerk
WILDWOOD, N. J.
merchant® were not only unanimously
in favor of the continuation of the
white way but all of them entered Into
thu Agreement without any argument
whatever, and none of them pleaded
"hard time," or offered any objection to
the arrangement.
- . jit:.. TT73
HOTELS AND SUMMER RESORTS
Iteaortn—Atlantic City* It. J.
ANTIC CITY. IN. J
(5hjv modem Sororiorlocation
$r?lzca Ttarwiara ofaxcolkno*.
_WA1TFR.I BUZFTf
QtionUc Ciltj
dvc open if.rou^fout thatpan,
.cKenui^ 4-<Soa
| _F l_ VOUNG.(if*c«ifW«f.
Atlantic
Vacation Capital (j/America!
Tha Only City In tha Summer la Atlantic Cltyl
The spot where citizens from every State mingle happily
together, all disputes forgotten, and whole-heartedly enjoy
the many attractions that Atlantic City offers.
Genial Sunshine Tempered by Cool Ocean Breezes.
TH It LEADING hoiihkn
will furnish fall information, rate*, ate., on appHeatioa.
Galen Hull The* Hhelhnrnt
Hotel and Sanatorium European Plan
F. L. Young. Mgr. J. Weikel. Mgr.
Hotel 1)«duU Hotel St. ( li tiring
American Plan Open All Year
Open Entire Year Nowlin Hainca r«
Walter J. Buzby Motel ,
Marlboroneh-Hlanhalnv In the Fashionable Chela eg
Both American and Section. Open All Yeaf
European Pinna J. B. Thompson A Co.
e«l«h Whitr A Son. Company The tlolmhuret
Seasltle Hgua* Open All Year
Open All Year Henry Darnell
r. P. Cook's Son. Strand Hotel
Tha Pannhurat Always Open
Open All Year F. B. Off und
Wm. R. Hood H. C. Edward*
For detailed information regarding raffmed connecting*
time tablaa. ate., conault local tiaket agents
—======—
j PER WEEK FOR 2 PERSONS
ROOM *£r & MEALS
AT BRIGHTON BEACH, N. Y. °™ 13 WAT
HOTEL SHELBURNE
AMERICAN and EUROPEAN PLAN
200 rooms; 75 private baths; running: hot and cold
L water in rooms; every convenience; surf bathing.
SPECIAL TERMS TO FAMILIES
Week-End Rate Saturday Dinner
ROOM AND MEALS „ to
WRITE FOR PAMPHLET Monday After Breakfast
srECIAL SHORE DINNER T?°°" m. $2
NED WAVBIIRN'R “Q.-wlaaVt Me*” Twlc.a Nlith'tly, 7:30 and 11:00
Seaside Diversion OjJlclOIl iVltJ NO ADMISSION CHARGED
l—^_______________
WASHINGTON’S FAMOUS HOTEL
£T~i Situated in an
Ideal Location
in the Centre of
7 WASHINGTON j] Everything,
< ) on Pennsylvania Av.
MIDWAyBBTWEEN M „ ,
CAPITOL AtrWIHTRHQnSB*A\ Ak»®lute,y F,rePr®°f
, .ojropeiw500 Rooms,
■A Nearly All with Bath.
Modern completely throughout, exquisitely furnished. It U Jait the hotel for
you, your family, and whero ladies can onjoy entire freedom from all objeetfon
abl# features, and Haa beautiful roof garden. For years this hotel has been the
eadquarters for nearly all the foreign diplomats and government officials.
The Restaurant of exceptional quality at moderate rates.
Rooms for one person, $2.00 per day end up.
Rooms for two persons, $3.00 per day and up.
Rooms with bath, one person, $2.S0 per day and up.
Rooms with bath, two persons, $4.00 per day and up.
E. L. WESTON, Manager
bookijF.t and ruu, tsiFonttsticks on rfuukst.
ww—n—misi i
_ 1 ’
HOTEL
MARSEILLES
New York
I Ooolmi room* In tiwm. D#
| llglitfiillv loctitod between Osatrgl
Park and Hudson River.
Only i few lutuufe* to the husl
I nenm. shopping a nd a muse
| j raont . eeitrss.
Enjoy your visit to New
York by stopping at
Hotel Marseilles. Right
atmosphere and splendid
accommodation.
Rooms with Bath,
$2 Per Day.
2 Rooms wiiih Bath,
$3.50 Per Day.
T,,h water.
*1 .»0 Der ilar Muf*rior roatsu
rast wira moderate jtrk*«s
! Writ* Ur BsokM sad Map
of New Vork.
y . =a
Buffalo Lithia Springs Hotel
Located In the most delightful section of Mecklenburg County,
Virginia, this famous hsslni resort will, this season, be
Under New Management—MR. C. E. GRAHAM
who has had many years' aiperitnee In tba management at leading hetela In
tbs east sad aeutb, will bare charge, with e competent etaft of bead,, eooba and
eerventa. Ail condition, combine to make Buffalo I.lthla Springs Jha ideal earn
mar rasert Thoae coming for treatment find in the euretiee waters a proved
remedy for kidney ana bladder troubles, while Ibeee seeking ameeement meg
indulge in their faveritn recreetiena.
Oa NsiMk MvWee ef Seaahara Sattwar. Halm and hill ialaematiea aa rewmL
x Owed end operoaed by rbe
BUFFALO mWA SFRWCS WATER COMPANY. luBda t*..- 1 .