The Birmingham age-herald. [volume], August 05, 1915, Page 11, Image 11

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

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

                
r. —:
’ -
Bethlehem Steel Makes An
other Remarkable Ad
vance in Prices
New York, August 4.—Industrials again
advanced sharply today, but railroad
stocks lagged. There was no sign of the
broad demand for the railroads of the pre
ceding session, and the market lacked the
4 balance and widely distributed strength
of that day. The sluggishness of the rail
roads, however, did not interfere with the
‘’"vigor of the movement among the indus
trials, particularly the steel issues. Total
sales were 675.000 shares.
United States Steel was the leader, be
ing traded in heavily throughout the day,
rising 2 3-6 to 70%* a higher price than it
attained during 1914 or 1913, when it was
on a dividend basis. Bethlehem Steel
made another remarkable advance. Or
( the first two sales it rose 18 points and
later it mounted to 290, a gain on the day
of 22 points. Its previous high record
was 275. There were upturns of 2 to 1
points among such stocks as Crucible
. Steel. Sloss-Sheffield, Pressed Steel car,
American Car and Foundry, Continental
Can, General Electric, Mexican Petroleum
1 and California Petroleum.
* Buying of these shares was well sus
| tained, and although there were occas
ional reactions the close In most cases
was near the day's best.
In the railroad list St. Paul and Canad
ian Pacific were heavy, but the average
change was slight. Professional traders,
* who were active in bidding up the war
snares, neglected the railroads, and out
side Interest was centered in the favor
ite industrials.
Trade reports, particularly from the
\ steel and iron industry, were optimistic
enough to explain the heavy buying oi
those shares. The weekly reviews of the
steed trade indicated that operatioils were
well up toward capacity. Pig iron produc
tion for July was at the rate of 82.691
tons daily, as compared with 79,361 tons
in June.
Stock Quotations_
Sales. High. Low. Close
Amer. B. S.8500 68% 50% 6'
Amer. Can .21500 60% 58% 69
Amer. Cities pfd. 46
Amor. C. 0. 800 61 % 60% 50%
Amer. Smelt. ...9700 81% 80% 80%
Amer. Sugar ... 700 lOOVs 108% 109
Amer. T. & T. ... 600 122 122 122
Amer. Tob. 200 227 227 227
Atchison.1600 101% 103% 101%
Atlantic C. L. Io0
Balt. & Ohio_8500 81 % 80% *0 %
Beth life. Steel. ...0400 290 278% 290
Brooklyn R. T. .1400 86% 86 86 %
Can. Pacific _6300 145% 1 44 144 %
Cent. Leather ...6900 43 41% 42%
Ches. & Ohio_ 800 42% 42 42
Chi., Mil. &
St. Paul . 2800 82% 81% 81%
Chi., R. I <fc Pac. 10000 17 16% 16%
Consol. Gas. 200 128% 128 128 %
Corn Prod.2800 15% 15% 15%
Crucible Steel . .28100 74% 72 73%
. Erie .4200 27% 27% 27%
i Gen. Motores_ 700 181 % 181 181
1 Gt. Nor. pfd. ... 100 76 76 76
K. C. Southern . 700 24% 24 24 %
Louis. & Nash.110
Liggett & Myers ..216
Loti Hard Co.. .... 17 2
Mas. Motor Co. . 600 37% 36% 36%
Mo., K. & T.. 6%
, Mo. Pacific. 700 2% 2% 2%
’> Mex. Petro.18300 82% 79% 79%
Nat’l Lead .2200 65% 64% 64%
N." Y. Central ..2700 90% 89% 90%
N Y., N. H. &
Hartford . 100 «3% 63% 63%
Norf. & West. .. 200 106 105% 1<;6
Nor. Pacific. 600 107% 107% io7%
Pennsylvania ... 700 107% 107% 107 7;
Reading .8500 149% 149 149%
Rep. I. & S.10700 44% 42% 44%
do pfd .1600 98% 97% 38%
Seaboard A. L. .. 400 14 13%, 14
do pfd. 400 38 32% 33
Sioss-Sheff. S. &
Iron .4700 46% 44 45
Studebaker Corp. 4300 84% 88 83%
Sou. Pacific ....2900 88 87% 87%
Southern Ry.1100 14% 14% 14%
do pfd. 200 45% 44% 44%
Tenn. Copper ..12400 40% 39% 89%
Texas Co.1100 140 139 139
Tex. & Pac.'. 9%
Union Pacific ...8800 129% 129% 129%
U. S. Rubber ...10200 50% 47% *9%
U. S. Steel ....144000 70% 68% 70%
do pfd . 300 112 , 111 \ H2
Utah Copper ...14800 68% 66% G7%
Va.-Caro. Chem. 1100 36% 36% 36
West. Union .. .4000 70% 69% 70
West. Electric 27000 1 12% 111% 111%
Total sales for the day, 704,700 shares
Bonds
U. S. 2s, registered . 97%
U. S. 2s, coupon . 97
U. S. 3s, registered . 100%
U. S. 3s, coupon . 100%
U. S. 4s, registered . 109
01 U. S. 4s, coupon .. 110%
^ Panama 3s. coupon. 300%
Central of Georgia Con. 5s . 99
Illinois Central ref. 4s. 87%
‘‘Louisville and Nashville un. 4s .. 91%
Seaboard Air Line adj. 6s.. 62
•^Southern Bell Telephone 5s. 97
Southern Railway 5s.
f Southern Railway gen. 4s . 69%
U. S. Steel 5s .... 102%
Mercantile Paper
New York, August 4.-Mercantile paper,
3%5x3% per cent. Sterling 60-day bills,
$4.71.25; demand, $4.76; cables, $4.76.Go!
Francs, demand. 565; cables, $6.64. Marks,
demand, 81%; cables, 81%. Llres, demand!
634; cables, 632. Rubles, demand, 32; ca
bles, 32%. Bar silver, 47%; Mexican’ dol
lars, 36%. Government bonds steady.
Railroad bonds firm.
Time loans firm; 60 days, per
cent; 90 days, 2%@3 per cent; six months,
3%(&3% per cent. Call money steady;
high, 2 per cent low, 1% per cent; ruling
rate, 1% per cent; last loan, 2 per cent;
closing bid, 1% per cent; offered at 2 per
cent.
English Money
London. August 1.—Bar silver. 22 7-16d
per ounce. Money. 3%<gf4 per cent. Dis
count rates: Short bills, 5% per cent;
three months, 5@5% per cent.
Sugar Market
New York. August 4.—Raw sugar dull;
centrifugal. 4.64c; molasses, 3.87c. Re
fined easy, 15 points lower; cut loaf, 6.55c;
p crushed, 6.45c; mould A, 6.10c; cubes. 5.90c;
XXXX powdered, o.80c; powdered, 5.75c;
fine granulated. 6.65c; Diamond A, 5.65c;
confectioner's A. 6.65c; No. 1, 5.40c. Su
gar futures were easier under continued
aggressive selling, prompted by the de
cline in refined and the continued ab
sence of spot demand. At noon prices
wore 5 to 3 points net lower. The market
encountered further selling In the after
noon and closed easy 7 to 16 points lower.
Sales, 9100 tons; September, 8.38c; Decem
ber. 3.18c; March, 3.03c; May, 3.05c.
Live Stock
Chicago, August 4.—Hogs: Receipts.
25,000; steady at 26c decline. Bulk of sales,
$G.55@7.30; light, $7.15(57.82%; mixed, $6.40@
Hubbard Bros. & Co.
Cotton Merchant*, Hanover Square, ft,
f. Members New York Cotton Exchange,
New Orleans Cotton Exchange. New
York Produce Exchange, Associate
Members Liverpool Cotton. Association.
Orders solicited for the purchase and
■ale of Cotton and Cotton Seed Oil for
future delivery. Special attention and
liberal terms given for consignments of
■pot cotton for delivery. Correspond*
•ncs invited. v
WHOLESALE TRADE NORMAL
DESPITE HOLIDAY TODAY
Business In the wholesale district yes
terday was reported up to normal despite
i the fact that retailers will generally de
clare a half holiday for today.
Sales for today are expected to be fairly
good in the morning hours, but will fall
off almost entirely during the after
noon far as orders from retailers lo
cated In the downtown portion of the
city are concerned.
There will naturally be a number of
shipping orders from out of town dealers
which will be filled by Birmingham
wholesale men.
Receipts yesterday were heavy on Mor
ris avenue. But prices hold up well.
Poultry is now rather scarce on the
Birmingham market, but this is expected
to be soon remedied, as fowls are reported
plentiful in the rural districts. The sup
ply of eggs is sufficient to supply the
local demand. Large shipments continue
to reach the city from all sections of the
state with a carload now and then from
Tennessee and Missouri.
Among other receipts yesterday were 1C
crates of peaches from Phil Campbell,
25 from *Fort Payne, two coops of chick
ens from Ashland, four from Sulligcnt,
eight from Guntersville, two from Amory.
nine crates of cantaloupes and three
crates of peaches fhom Warrior; two
coops of chickens from Dothan, 21 crates
of peaches from Hollins, two coops of
chickens from Alexander City, two coops
from Pell City and two coops from Col
lmsville.
Quotations for today follow
LOCAL QUOTATIONS
Poultry and Errs
(Commission merchant's price)
Her.*—ll%c.
Fryers—l&<S20c.
B r o 11 er s— 16<ffl 7c.
Guineas—30c.
Roosters—250
Fresh country eggs. 15@17c; graded, car
ton eggs, 21c.
Meats
(Packers’ Selling Price)
Extra Ribs—11c.
Bellies—1114c.
Butts—15c.
Pork Loins—17c.
Neck Bones—4c.
Breakfast Bacon—18<g^6c.
Spare Ribs—9c.
Regular Hams—17c.
Skinned Hams—17c.
Pure Lard—9c; compound
Fish
(Wholesalers’ Selling Price)
Perch—S@8V*c.
Salt Water Trout—ll®12*4c.
Blue Catfish—7Ho.
Red Snapper—8Vfc@103.
Gray Snapper—6c.
Mullet—6*406o.
Shrimp—30c.
Spanish Mackerel—12^4^16c.
Sheephead— 8@8%c.
Creamery Products
(Wholesalers’ Selling Price)
Creamery Butter—29^c; process butter,
27VbC; oleomargarine, 14®23c.
Full Cream Cheese—36c; imported
Swiss, 35c; Pimento, dozen, $1.36.
Fruits and Produce
(Wholesalers’ Selling Price)
«*•••••••••••••••••••••••••••••••••••••••••••••«•••
Lemons—$304.
Lettuce—$1 @'1.25 per box.
Limes—75c@$l per 100.
Pineapples—$1.5002 crate.
Peaches—$76c@$l.
Peaches, Vi bus. baskets, 15025c.
New Apples—$1@ 1.25 per hamper.
Peanuts—Vie per lb.
Home Grown Tomatoes-30@40c basket.
Irish Potatoes—75c per bu.; No. 2, 60c
per bushel.
Virginia Potatoes—Cobblers in 11-peck
barrels. $2.
Roasting Ears—12Va®15c dog.
Kggplants—$101.60.
Alabama Onions—$1 @1.26 crate.
Northern Onions—Per 75-lb. sack, $1.26.
New Cabbage—$l@1.5o.
Green Beans—Hamper. 5O0T3c.
Homo Grown Tomatoes -40®60o.
Home Grow’n Squash—Per half-bushel
basket, 20030c.
Home Grown Cucumbers—Per half
bushel basket. 2o06Oc.
Lodon Layer Raisins—$178.
Watermelpons—l0@B0c.
Cantaloupes—76c<g41.
New Sweet Potatoes—$1.25 per hamper.
Missouri-Apples—$1.25 crate.
Figs—$1.60.
Sugar
Granulated sugar,. $0.23 per cwt. f. o.
b.. Birmingham.
Choice Rice—$5.50 per cwt.
Fancy Rice—$6.00 per cwt.
Extra Fancy—$6.60 per cwt.
Grits—$2.26 per 96-lb. bag.
Sugar is being sold by Birmingham
reailers at from 12 to 16 pounds for $1.
Flour and Feedstuff*
(Wholesale Quotations.)
Self-rising flour, $6.10; Tennessee flour,
$6.30; Michigan flour, $7.25; Idaho flour,
$6.30; Indiana flour, $6.30; hard winter
wheat flour, $6.40; shorts. $33; pure wheat
brand. $29; C 8. meal, 7H per cent, $29;
Ore mo meal, $26, C. 8. hulls, $10 ton; No. 1
timothy hay, $25 per ton; pea green al
falfa: western, $22, and southern alfalfa,
$19; mixed feeds, per ton. $36; oats, per
No. 2 white, bushel. 69c; Texas oats. 63c;
corn, per bushel, $1.05; cornmcal, $1.94 per
two-bushel sack; chops, $1.96
Hides and Tallow
(Dealers’ Buying Oiler.)
Green Salt Hides—17® 18c.
Green Salt Hides (half cured)—16017c.
Green Hides (fresh)—16@»16e.
Dry Flint Hides—28@29c.
Dry Salt Hides—26®27c.
Damaged Hides—Half price.
Sheep Skins—25060c.
Horse Hides—$203.
Sherllnga—15® 25c.
Goat Skins—25®30c.
Kid Skins—10c.
Tallowr—6® 6c.
Becsw'Hx—27®28c.
Washed Wool—35033c.
Clear Unwashed Wool—27028c.
Burry Wool—17020c.
Ginseng, Wild—$607.
Spot Cotton
(Brokers’ Quotations.)
Good middling . 8Va
Strict middling . 8%
Middling . 7%
Strict low middling . 7%
The Iron Market
IF .$10.50011.00
2F .10.00@10.50
3F . 9.60® 10.00
Gray Forge . 9.00® 9.50
18 . 10.60@11.00
2S . 10.00010.50
7.75; heavy. $6.20©7.25; rough, $6.20©6.S5;
pigs, $6.75©?.76.
Cattle: Receipts. 17,000; weak; native
beef cattle, $8.15©10.25; western steers,
$6.75©$.25; cows and heifers, $3.10@9.25;
calves, $7.50©11.26.
Sheep: Receipts. 10,000; weak; sheep,
$6.10©>7; lambs, $6.75©9.25.‘
St. Louis, August 4.—Hogs: Receipts.
7500; steady; pigs and lights, $7.25©7.75;
mixed and butchers, $7.40©7.75; gooc
heavy, $6.36©7.26.
Cattle: Receipts, 4400; strong; native
beef steers, $7.5O©10.16; yearling steert
and heifers, $8.60©10; cows, $6©8; stockers,
$6fi/^.26; Texas and Indian steers, $5.25©
£.85; cows and heifers, $4©6.60; native
calves, $6©10.7o.
Sheep: Receipts. 3700; steady; sheet
and ewes, $5©7.25; lambs, $8©8.75.
Kansas City, August 4.—Hogs: Receipts.
7000; steady; bulk of sales. $6.86©7.46;
heavy, $G.85©7.22%; packers and butchers,
$7©7.46; light, $7.20©7.45; pigs, $6.60©7.
Cattle: Receipts, 4000; steady; prime fed
steers, $9.60@10; dressed beef steers, pitit
9.50; southern 3teers. $6©8.75; cows, $4.50©
7.60; heifers, $6.75©9.50; Stockers, $6.50©
8.40; bulls, $5.50@7; calves, $6© 10.25.
j Sheep: Receipts, 6200; steady; lambs,
, $S.50©9; yearlings, $6.50©7.5O; wethers,
1 $6.25©7; ewes, $6©6,75.
Coffee Market
New York, August 4.—The market fen
coffee futures opened at unchanged prices
to an advance of 1 point this morning, but
| prices soon turned eaHier under scattered
j selling, which appeared to be inspired by
predictions that the world’s visible state
ment would show an increase of 800,00C
bags foi the month of July, and contin
ued talk of a sagging tendency in the
cost and freight market. There seemed
to be some New Orleans selling late in
the afternoon with the market closing at
a net decline of 1 to*9 points. Sales, 14,
250 August, 6.51c; September, Octobtfe
November and December. 6.49c: January,
6.63c; February, 6.67c; March, 6.6lc; April,
6.66c; May, 6.69c; June, 6.74c; July, 6.79c.
Spot dull; Rio 7*s, 7%c; Santos 4’s, 9%c.
The cost and freight market was reported
about 15 to 26 points lower with Santos
4’b quoted around 8.50c and Rio 7’s, 6.90c.
The Brasilian cables reported an advance
qf 3-32d In the rate of Rio exchange on
London, while mllreis prices w'ere un
changed at Santos ana 76r lower at Rio.
Brasilian port receipts, 89,000; Jundiahy,
78.000. Santos cleared 93,000 for New' York
and Rio cleared 3000 for New’ York and 5000
for New Orleans.
Naval Stores
Savannah, August 4.—Turpentine firm.
32%©32%c; sales, 438; receipts. 603; ship
ments. 107; stock. 24,419. Rosin firm; sales,
1040; receipts. 1518; shipments, 1292; stock,
60.064. Quote: A, B, $2.90; O. D, $2.90©3;
E. $3: F. $3.10; G, $3.15; H. $3.12%@3.20; I.
$3.15©3.20; K, $3.40©4.06; M. $4.05; N, $4.10
©4.16; WG, $5.80; WW, $5.90.
COCKRELL SHOOTS;
IS THEN RELEASED
Louisville, August ♦.—Fred Cockrell,
eon of former United States Senator
Francis M. Cockrell of Missouri, was
liberated late today on bond after his
arrest on a charge of shooting: W. C.
Brohm, general manager of a Louis
ville manufacturing company. Physi
cians say Brohm has a chance to re
cover.
The Bhooting occurred In Brohm's of
fice during a meeting, of directors of a
promotion of which Cockrell Is presi
dent and Brohm an officer, and is said
to have taken place after a heated
discussion over the disposition of a
device Cockrell invented.
Paddle Started Fireworks
From the St. Louis Globe-Democrat.
Altoona, Pa.—Told to weed the garden,
Sebart Hetrick, aged 18, son of Frank
Hetrick of Bellwood, began pulling up
everything within reach.
Mrs. Patrick happened into the vtrd and
saw some of her prise beets had been up
rooted. She suspected Sebart knew the
difference between weeds and vegetables
and she concluded to paddle him.
The lad had previously laid in a supply
of powder caps for his toy pistol on the
Fourth, which he had tucked in his hip
pocket. When the paddle descended ex
plosion followed explosion, until It seemed
as if a machine gun had got into action.
An armistice was declared, but not be
fore Sebart was painfuly burned about
the place where the caps were.
. A*.
WANT OF MOISTURE
AFFECTS COTTON
•Market Closed Steady at a
Net Advance of 12 to
14 Points
New Orleans, August 4.—Cotton stood
at a small net advance throughout the
session today, closing 10 to 12 points up,
which was within a point of the highest,
I Unfavorable crop news and the heavy
j spot trading In Liverpool were the main
sustaining features.
Around the opening the market was
very quiet and prices were 2 to 8 points
up on the good cables. Later, reports ol
damage by drouth in the belt stimulated
the demand to some extent and at 11
o'clock the weekly crop and weather re
ports from the weather bureau increased
bullish sentiment. The English reply t(
the note from this country, however, was
regarded in an unfavorable light and dis
cussion of It undoubtedly held buying or
ders down.
Reports from the Interior were that the
crop was deteriorating for want of mois
ture, although scattered points, especially
In Texas and the Atlantic, reported good
rains. Much shedding and premature
opening of bolls were noted and, on the
whole, the trade appeared to believe that
the crop was going back.
_New Orleans Cotton futures
_ High. Low. Close.
October . 8721 9.11 S721)
December . 9.47 9.37 9.47
January. 9.60 9.53 9.51
March . 9.80 9.79 9 81
May. 9.94 9.94 10.00
New Orleans Cotton
New Orleans, August 4.—Spot cotton
I steady; unchanged; sales oo the spot.
] 1050 bales; to arrive, 110; good ordinary.
6.68c; strict good ordinary, 7.34c; ldw
middling, 7.87c; strict low middling, 8.32c;
middling, S.69c; strict middling., 8.94c;
good middling, 9.26c; strict good mid
dling. 9.63c; receipts, 618; stock, 138,898.
Rock Island Low Fare
Scenic Circle Tours
To California
Get a copy of our Panama Expositions
Folder and glance at the map. See the
Circle Tours available to California.
Out through Colorado, with Its Incom
parable mountain scenery, back through
El Paso and the historic Southwest, over
the Golden state Route, the direct Una
of lowest altitudes, or vice versa, or In
one direction Dy way of Yellowstono
National Park. Glacier National Park or
Canadian National Park, through the
Canadian Rockies.
Pre-eminent in the through transcon
tinental service are the "Golden State
Limited" and ' Californian," via El Paso
and Tucson, and the "Rocky Mountain
Limited," "Colorado Flyer," and "Col
orado-Californla Express" via Colorado.
No finer trains, no better service are
provided anywhere than on Rock Is
land lines. Automatic Block Signals_
Finest Modern All-Steel Equipment
Superb Dining Car Service.
Low fare tickets on sale dally. Stop
over at all points en route. Both ex
positions Included in one ticket at no
extra cost.
Our representatives are travel experts
who will give you full information about
California and the Expositions, how best
to see them, prepare itineraries, make
reservations, etc.
Write, phone or drop in for our litera
ture on California and the Expositions
at Rock Island Travel Bureau, 411 Pet
ers Bldg.. Atlanta, Oa. H. H. Hunt, D
P. A., Itock Island Lines.
British Note Regarded as a
Determination to Stop
German Shipments
New York, August 4.—Relatively Arm
cables and a more bullish weekly weather
report than expected caused a aharp ad
vance In the cotton market today with
tile close Arm at a net gain of from 12
to 14 points.
There appeared to be some overnight
selling orders around the ring at the start
and after opening steady at an advance
of 2 to 8 points prices dipped to about
last night's closing Agures. Liverpool was
a buyer here, however, while there was
some disappointment that the weather
map did not show more rain in the south
west and prices soon rallied. The de
mand did not become active or aggressive,
hut there was very little cotton for sale,
and after the publication of the weekly
weather report active months worked 13
to 14 points above the closing figures of
yesterday.
Private cables said the advance In Liv
erpool was due to small offerings and a
more active spot demand, and the spot
sales of 18,000 bales officially reported
doubtless helped the local Improvement.
Further rains were reported In the east
ern belt, suggesting that the drouth h..d
been pretty well broken In some sectlona,
but recent sellers were evidently much dis
appointed by the showing of the weekly
report, which stated that drouth wus se
vere over large areas In Texas and there
may also have been some covering on
the New Orleans statement placing the
world's consumption of American cotton
for the past season at 14,134,(11X1 bales, or
less than 600,000 bales short of the pre
vious season. •
The British note was regarded as indi
cating n continued determination to pre
vent shipments destined for Germany, but
reports that the British government was
to take charge of the burlap industry
In India led to predictions of s stronger
position tn the market for coarse cotton
' goods Port receipts for the day were
3916 bales. United States port stocks. 74.1,
938. Fxtmrts, 1957 bales: so far this sea
j son, 5810.
New York Cotton Futures
_High. Low. Close
October . 9.40 9.26 9.30
Decemher . 9.67 9.64 9.67
January. 9 79 9 65 9 79
March . 10.00 9.98 10.04
May. 10.15 10.15 10.27
Port Cotton Market
New Orleans: Middling, 8,69c; receipts.
518; exports, 273; sales, 1160: stook, 13S.898.
Galveston: Middling. 8SSc; receipts, 2396;
sales. 92; stock, 110,795.
Mobile: Middling, 8.81c: receipts, 47
stock. 12,541.
Savannah: Middling. 8.56c; receipts, 260;
sales. 387: stock, 60,774.
Charleston; Receipts, IS; stook. 43,284.
Wilmington: Receipts. 609; stock, 86.407.
Norfolk: Middling. 8.50c; receipts. 168;
sales, 7; stock, 46,712.
Baltimore: Stock, 8201.
Boston: Middling. 9.65c; receipts, 15;
exports. 88; stock. 14,100.
Philadelphia: Middling, 9 60: stork, 865.
New York: Middling, 9.36c; exports, 1706
stock, 244,282.
Minor ports: Stock. 37,682.
Total today; Receipts, 3916; exports.
1957; stock, 749.601.
Total for week; Receipts. 18,158; ex
ports, 34.465.
Total for season: Receipts. 10,668; ex
ports, 5064.
Interior Cotton Market
Houston: 51iddllng, 8.80c; receipts, 1002;
shipments, 1151; sales, 640; stock, 47,828,
Memphis: Middling, 8.75c; receipts, 303;
shipments, 394; sales, 700; stock, 76,921.
Augusta: Middling, 8.50e; receipts, 110;
sales, 276; stock, 65,940.
St. Louis: Middling, 8*4c; receipts, 17;
shipments, Til; sales, 62: stock. 15,618.
Cincinnati: Receipts, 81; shipments, 83;
stock, 15,955.
Little Rock: Middling. 8.60c; receipts,
87; shipments. 91; sales, 91; stock. 8952.
Dallas: Middling, 8.40c; sales, 482.
Total tndny: Receipts, 1600; shipments,
2440; stock, 230,914.
Liverpool Market
Liverpool, August 4.—Cotton: Spot
steady; good middling, 6.66d; middling,
1364: low middling. 4.9nd; sales, 18,000; fo
Bpeculatton and export. 4000; receipts.
4300; futures steady: August, 6.27d;
Auguat-September, 5.27d; September-flr
tober, 5.33d; October-November, 6.39444;
November- December, 5.46444: Decemhor
January. 6.49*94: January-February,
5.6344d; February-March. 5.57444: March
April. 5.Olt^d; Aprll-Mny, 5.654; May
June. 5.6844(4; June-July, 6.7T.44; July
August, 5.74444
Cotton Seed Oil
New York, August 4.—Cotton seed oil
was lower under liquidation and local
professional selling on the weakness In
hog products and poor demand In gen
eral. Final prices were 4 to 8 points
net lower. Sales, 8600 barrels. Market
closed easy; spot, 5.80c hid; August, 5.83W
5.93c; September, 5.76(JJ)5.77c; October, 5.75
<6t.77e; November, 5.73(®6.74c; December.
B.SOffcrd.81c; January, G.89tf(i6.90c; February,
6.96@5.98c; March, 6.03®6.06c.
Dry Goods Market
New York. August 4.—Cotton goods
and yarns were quiet and steady today.
Men’s wear for spring was active. Wors
ted yarns for horns and export trade
were active. Laces and embroideries
were quiet, with prices advancing be
cause of higher labor costs abroad.
Hubbard Bro«. & Co.'s Letter
New York. August 4.—(Special.)—Cables
this morning were again better than
due, and spot sales reached 18.000 bales,
a large total for this season of the year
at any time. This business In the actual
in Liverpool begins slo*/ly to attract at
tention, and that market was again a
moderate buyer here. Since no fresh
Belling pressure came from the south
prices advanced slowly during the day.
The weekly weather report made a
rather bullish showing, and the fact that
spell of showery weather has apparently
passed away without general rains In
Texas, Is, of course, against the crop In
the southwest. There is little change In
local sentiment, but a continuation of
this spot business In Liverpool will attract
more attention if we should now' run Into
another spell of dry, warm weather In
the south.
Montgomery Market
Montgomery, August 4.—(Special.1—Spot
cotton was quoted here today as follows;
Middling fair, 9.56c; strict good middling,
9.25c; good middling, 9c; strict middling,
8.76c; middling, 8.66c; strict low middling,
8c; low middling, 7.50c; strict good ordi
nary 7c; good ordinary, 8.62c. Market
steady.
Rain Interferes
Chicago, August 4.—Rain ag-aln pre
vented the match In the western ten
nis tournament at Lake Forest today,
Clarence Griffin of San Francisco ar
rived today after having taken part
in the tournament at Longwood. He
probably will play In the doubles.
Do You Suffer From Pianos?
From Judge.
Mrs. Kicker—This song ad says, "Try
this on your piano." I wonder If it's
worth while?”
Kicker—Get the neighbors to try It on
theirs first. If It does their piano any
good, we'll see if it can cure ours.
Continued Wet Weather
Seriously Injures Wheat
Crops Is Report
Chicago, August 4—Black rust reports
name thick and fast today, and so also
did news of wet weather damage to wheat
in the shock. After a consequent all-day
advance, the market closed steady,
2%c above last night. Corn gained
l%c to and oats. 2Q&ic to S*4o.
In provisions the outcome was 10c to 27H
@1»c decline.
Active buying throughout the day frus
trated all attempts to stop the ascent of
prices for wheat. Country orders to pur
chase were unusually free, and many of
even the most vigorous shorts were forced
to cover. All of the spring crop states
appeared bent on flooding the pit with
stories of the spread of black rust. Ac
cording to one authority, 60 per cent of
the wheat in southern North Dakota was
In danger. Other experts elsewhere In
the northwest were nearly unanimous in
sending more <jr less pessimistic advices.
Meanwhile sprduts six inches long taken
from shocks near Galesburg, 111., were be
ing shown to traders here as evidence of
th*> serious Injury being done by the re
cent constant rains.
Likelihood that the next government re
port would cut down to a material extent
the estimated yield of winter wheat at
tracted considerable attention. A prom
inent Arm ventured the opinion to clients
not one-third of the crop had been
threphed. and that the bulk of the re
mainder was lying drenched in the tleids
and suffering from daily increasing dam
age
Corn stimulated by cold that suggested
late autumn rather than midsummed,
kept pace with the rise In the value of
wheat. Shipping demand from the east
wap of a lively sort, but could not be
taken advantage of, as supplies here were
too limited in volume.
Independent strength developed in the
oats market. A huge short interest was
said to exist, mainly because of big sales
foT export and because of a lack of cor
responding contracts for deliveries from
first bands Owing to wet weather the
country was said to be offering virtually
nothing.
Htop loss selling formed the rule in pro
visions. There seemed to be no demand
except from shorts.
Future quotations were as follows;
Wheat— Open. High. Ix>w. Close.
Pept. _ 0614 roS iMSi "1.08 3,
Dec.1.07 H 1.00H 1.07 H 1091,
Corn—
Sept. 74 34 ' 76 74% 76
Deo. 6884 8614 6334 65 li
Oats—
Sept. 8914 4274 3274 42%
Deo. 4014 42\ 4014 4284
Pork—
Sept. 13.4.6 1 8.60 13.25 13.31
Oct.13.62 13 70 13.46 13.62
Lard—
Sept .... 7.92 8.02 7.90 7.92
Oct. 8.00 8.07 8.00 8 02
Ribs—
Sept. 9.12 9.12 9.87 9 00
Oct. 9 05 9.06 8.95 8.97
Kansas City Crain
Kansas City, August 4.—Wheat: No 2
hard, $1.21(91.88: No. 2 red, $1.19®1.20.
Corn: No. 3 mixed, 77®77M.'C; No. 2 white,
77c; No. 2 yellow. 79144(800. Oats: No. 2
white, 63c; No. 2 mixed, 46®46tic.
Chicago Grain
Chicago, August 4—Wheat: No. 2 red.
$1.14«1.16: No. 2 hard. $1.2114®1.231*. Corn:
No. 2 yellow, 82®S3c; No. 4 yellow, 8104c.
Oats: No. 3 white, 5314®69c; standard, 64®
60c. Rye: No. 2 nominal; No. 3, $1. Bar
ley, 70jj.78c. Timothy, $5.60®7. Clover, J8.50
NO CHANGE IN QUOTATIONS A
IN LOCAL SECURITIES MARKET,
—__ .1
Local securitly quotations are unchanged
and the indication now is that prices
will hold firm for a long period. Only
email sales of little consequence have
been reported of late.
Quotations follow:
Hate. Bid. Asked.
“ ~ STOCKS.
Ala. F. A 1. 4 45 50
Amir. C. Rye., pfd ... 6 81 35
A mar. C. Rys . 5
Amer. T. A 8av. Rk . ... 8 160 160
Avondale Mills, com... 8 95 105
Avondale Mills, pfd.... S 100 108
Bessemer C. A 1. 45
B’ham T. & S.10 245 255
B’hatn Baseball Asso. .. 140 170
B'ham R., L A P, com 6 57
IVham R, L. A P„ pfd 6 61
B’hain Realty Co.4 160 175
Cham, of Com., pfd.... 7 60 70
Corey Land . 65 50
East Lake Land . .. 75
Elmwood Cem. Co. .... 4 60 75
Empire 1m., pfd. 8 100 108
Empire im., com. 6 70 86
Ensley Land . 85 110
First Nat l Bank.12 230 250
Great 8ou. Life. 9 11
Interstate Casualty ... 1 8
Jefferson Fertiliser ... 8 105 120
•••••••••••••••••••••••••••••••••••••••••••••••••••I
MAM. Bank. . ilB il% U
North B’ham Band_ IS 22
Realty T. Co., com. 6 100 110
Realty T. Co., pfd.8 100 110
Sou. Staten Fire. I 2 '
Trader* Nat. Bank .... 9 1B0 160
HOM)S
Ala. State ref.. 1920... 4 96 100
Ala. State Renew. 1958 3 b *0 8S .
Ala. State Renew. 1956. 4 99 101 j
| Arner. C. Ryn . 6 86 88 j
Ala. t'on*.. 5 75 80
Rtasemer C. A I....... 6 100 103 !
B. R.. B. A V. 6 90 94 i
B . R . B. A P. 4 b 85 87 J
B’ham Ice Factory .... 6 100 106
B’ham RAF,. 5 100 103
B'ham Waterworks ... 6 102 105
City of Birmingham... 6 100 104
City of Birmingham... 5 96 101
Continental Oln. 5 100 105
Jofferaon County. 5 101 104
Jefferson County ...... 6 102 107
Jefferson County.4 b 95 101
Milner Band Co. .. 6 96 101
Nashville Railway .... 5 96 99
Pratt Consolidated .... 5 77 Si ]i
Sloan BAS. 6 97 100 i
Floan 1. A S.4 b 93 9« 1
T. C. I., gen. mtg. 5 96 100
T. C. I.. Tenn. Dlv. 6 9ft 108
T. C. I.. Ship Bldg_ 6 103 106
T. C. I.. B’hnm Dlv. 6 99 103
y
1 THE IRON MARKET REVIEW
ueveisnu, \s., aurvihi iron
Trade Review tomorrow will say: Many
buyers of pig Iron have come Into the
market during the past few days, not
only to fill their needs for remainder
of this year, but also to contract for
first half next year. Market is much
stronger, and sellers are holding firm
positions, especially as to sales after I
January 1, which they are not willing
to make except at a fair advance in
price. Pending inquiry in New York
amounts to about 30.000 tons, including
10,000 and 16,000 tons basic. Other In
quiries for basic are for 18,000 tons from
Whitaker Olessner company for its
Portsmouth, O., plant, 10,000 tons from
Kokomo Steel and Wire compriny, Ko-.
komo, Ind.. both for last half; 3000 tons
from Cumberland, Md. Buyers for last
J quarter and a speculative Inquiry for 10,
000 tons in Philadelphia market. Demand'
in New York, Cleveland. Chicago and
Plttsburhg shows much more activity
for all grades. Following Improvement
in demand, moderate advances in quota
tions have taken place throughout coun
try.
If there is any danger at present It is
that the market will become unduly ex
013.26. Pork, 313 36. Laid, 37.82. Ribs,
$8.60®*.
St. Louis Grain
St. Louis. August 4.—Wheat: No. 2 red.
$1.18; No. 2 hard nominal: September.
$1.07>4®l.cr7%; December. $1.nKlWl.0874
Corn: No. 2. 80c; No. 2 white, Nottc; Sep
tember, 745ac; Deoember. 62%®t>2V4C. Oats:
No. 2, new, 44®46o; No. 2 white nominal;
September. 4054c; December, 405»c.
Rice Market
New Orleans, August 4.—Trading was
again confined to the celan grade of rice,
the tone of which was steady. Quote:
Clean Honduras, 4®6c; Japan, 4®4%c. Rice,
polished, per ton, $26®'M; bran. $1K®20.
Sales, 2273 pockets Honduras at 274®4>4c.
Produce Market
New York. August 4.—Butter firmer; re
ceipts. U.807; creamery extras. OS score.
26740, creamery, higher scoring, 28®2674o.
firsts, 24®tt6c. Bgga Irregular; receipts,
14.888; fresh gathered extras. 23®26c; ex
tra firsts, 210e2%c; firsts. 18®30e; seconds.
16®l774e. Cheese steady; receipts. 4648;
state whole milk fresh flats and twins,
colored specials, 1374®1454c; do white, 1*54® j
14o; white and colored average fancy.
citea arter fashion of recent hysteria In
Wall street, but conservative Influence*
are at work.
Production of pig Iron In July amounted
to 2.663.311 tons, a gain of 198.S79 ton*
over last October, 1913. Many Impor
tant producers of semi-finished material*
are sold up for remainder of the year
and are unwilling to take on any further
business at present time. Eastern maker*
*re declining to take business for ex
port account of their sold up condition.
Mills in the Chicago district are being
so pressed to meet the demand in that
part of tho country that they probably
will he compelled to stop shipping billets
and sheet bars to Pittsburg plants. Ship
ments of Lake Superior ores for July
amounted to 7,204,021 tons. compared
with 6,734,514 tons in July, 1914, and
8,204.416 tons in July, 1918. Indications
are that the movement for this season
will be about 42.000.000 tons. One of the
most Interesting features In the market
is improvement in scrap, and while in
New York excitement in old material
market Is attributed to brokers, legiti
mate advances have been made in sev
eral leading centers, and the trend la
distinctly upward; In Chicago, however,
prices evidently advanced too rapidly,
and some weakness has developed. In
Cleveland there has been a sudden turn
upward and prices are from 25 cents to $1
a ton higher.
IS^c Live poultry prices not settled;
dressed western frozen roasting chlckons,
18<022e; fresh fowls, iced, 13{/*17c; fresh
turkeys, Iced, 15(5>16c.
Chicago, August 4.—Butter lower;
creamery, 20(ft24c. Eggs unchanged; re
ceipts, 10.970 cfises. Potatoes unchanged;
receipts, 30 cars. Poultry, aliv* higher;
fowls, 13^0; springs. 16(Jfl7c.
St Louis. August 4.—Poultry and egg*
unchanged. Butter, creamery, 26e.
Kansas City, August 4.—Butter, egg* ,
and poultry unchanged. /
Not Much
From Judge.
“There’s not much pettloont rule nowa
days, In spite of votes for women," waa
said.
"Na" smiled McFee; "there’s not muoti
petticoat."
Suitaln, the Orgtnlun Without Nourlihmuit I
Recommended for Debility, Waiting-rflMaaeSL I
W ^ I II v/J
"Everything at1 right at the office, Jones T "
"That’s good—Yes, I’m having a fine time.
The Telephone Makes Many
I Pleasant Trips Possible
11' IS not necessary to remain at your desk these ]
pleasant summer days. No matter where you
go for an outing, whether to the golf links, to
; the seashore or on an automobile trip, the
telephone keeps you within easy reach of your j
i place of business. j
Many business men spend a considerable amount
of time away from their office during the pleasant
days; of vacation. The telephone makes supervision
| possible even from a distance. |
Why not begin this summer to make those pleasant \
trips you have always wished you could take—but
didn’t. The telephone helps to make them possible.
I Every Bell Telephone in a Long Pittance Station. I
I , SOUTHERN BELL TELEPHONE I
j^^^^^^^^^AN^^ELEGRAP^^OMPAN^JJ