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

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

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

                
I ^Prospective Rate Increase
Creates Strong and Ac
ti\e Market
Now To^k, August 10.—Conditions of a
Tnore substantial and enduring character
contributed to today s very strong and
active market. After yesterday's highly
promising crop report came the news
Chat the interstate commerce commission
would in all probability grant increased
freight rates to the two-score railroads
traversing the western section of the
country.
This resulted in a broad demand for the
better known railway issues, including the
transcontinental group and the hard and
soft coal shares. The extent of the pros
pective rate increase is yet a matter of ’
conjecture, but Wall street seemed to
proceed on the theory that a very con
siderable part of the demands of the rail
roads would be met.
Canadian Pacific also made the striking
gain of 6% points on the announcement
late yesterday of the maintenance of the
regular dividend, although the action of
the directors was criticized in conserva- j
tive quarters. Even minor roads like Erie, ;
Rock Island, New Haven and Chesapeake
and Ohio, participated appreciably in the
forward movement.
Apart from the rise in the railways the
most interesting development of the day
was tTve further activity of United States
Stee|| common, which touched 76%, its best
’price since 1912. The price fell back over
a point shortly after midday, when pub
lication of the July unfilled tonnage state
ment showed an increase of about 250,000
tons, whereas a larger gain had been
anticipated. Even at that, howrever, to
day's exhibit was the most favorable
of any since February last year.
War specialties were not entirely neg
lected, new high quotations being reg
istered by General Motors common and
preferred at 221 and 109^ respectively,
Westinghouse at 115, Wiliys-Overland at
160 and Studebaker at 8V&. The latest turn
to events in Mexico was reflected in the
strength of Southern Pacific, Americah
Smelting, Mexican Petroleum, National
Railways of Mexico and shares of other
corporations whose interests are more or
less bound up with the future of that
country. Total sales of stocks aggregated
1,120,000 shares.
Impending imports of gold from London,
via Halifax, were without effect on the
weakened exchange market, demand sterl
ing falling to the new low level of $4.75%,
while checks on Paris broke to the new
record of $6.7$. Italian exchange also de
preciated to the new low record of $6.37.
Bonds were steady, but relatively quiet.
Total sales, par value, were $3,175,000.
United States bonds were unchanged on
call.
Stock Quotations
| Sales-High7~Low. Close.
Amer. B. S. 1700 65% 65 55%
Allls-Chalmers 28700 36% 34%. 35%
Amer. Can ....25400 60% 59 59%
Amer. Cities pfd. 4 6
Amer. C. 0. 400 50 49% 49%
Amer. Smelt. ..21100 64% 82% 83
Amer. Sugar ...1900 109% 109 109%
Amer. T. & T. .. 1300 122% 122% 122%
lAmer. Tob. 100 283 74 238% 238 %
Atchison .8900 103% 102% 10314
A. C. L. . 300 102% 100% 102%
Balt. & Ohio .. .12600 82% 80% 82%
TBethle. Steel ..2300 298 290 292
Brook. R. T.2000 87% 85% 87
Can. Pacific ...19000 164% 149% 158%
Cent. Leather ..9900 44% 43% 43%
dies. & Ohio ..7200 45 42% 44%
Chi., M. & St. P. 6200 84% 83% 2474
Chi., R. I. ft P. 12100 18% 17% 18%
Consol. Gas - 1000 129% 128% 129%
Corn Products . 300 15% 15 15%
Crucible Steel .46600 90% 8 2 74 8 6
Erie .64100 SO 27% 29%
Gen. Motors _2700 221 218 218
Gt. Nor. pfd. ..8500 120% 119 119 74
111. Central _ 300 102% 10114 102%
Interb.-Met. pfd . 74
K. C. Southern 6800 26% 24% 26%
Louis, ft Nash. . 700 114 112 113%
Liggett ft Myers 100 229 229 229
Lorlllard Co.168
Max. Motor Co. 1 100 34 32% 34
Mo., K. & T.1600 8 *4 8 8%
Mo. Pacific -2900 3 2% 2%
Mex. Petro. ...35400 87 84 86%
Nat l Lead .3700 68 66% 66Vi
N. Y. Central ..8600 191 74 99% 91%
N. Y., N. H.
& Hartford .. 700 66 63 66%
Norf. ft West. ..4300 109% 107% 107%
Nor. Pacific ...10400 110% *08% 109%
Pennsylvania .. 3100 110 109% 110
Reading . 43500 153% 151% 153%
Rep. I. ft S. ...S0700 46% 44% 44%
■ do pfd . 600 98% 98% 98%
(Bee board A. I* . 6 0 0 1 5 1 4 74 1 5
do pfd . 1100 36% 34% 35%
Sloss-Sheff. S.
ft Iron . 2700 47% 46 46%
Studehaker Cor. 7900 87% 86 86%
Sou. Pacific ...3100 91 % 88% 90%
Bou. Railway ..3000 1 6% 15% 16%
1 do pfd . 600 51 60 50%
Tenn. Copper ...4800 43% 42% 13
Texas Co. 1 400 142% 141% 142%
Tex. ft Pac.1800 12% 11% 12%
Union Pacific 49300 134% 131% 133%
U. S. Rubber ...1 400 48% 48% 48%
U. S. Steel ...200400 76% 74% 75%
do pfd .1900 118% 112% 112%
Utali Copper ...6 1 0 0 6 7 74 6 6 % 66%
Va.-Caro. Chem. 200 34 % 34 34 %
AVest. Union ...1500 70% 70% 70%
Kftest'g. Elee. . 61500 115. 113% 111
Anaconda Cop. 5800 69% 68% 69
Total sales for the day, 1,143.800
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
U. S. 4s coupon . 110%
Panama 3s coupon . 101
Central of Georgia Con. 6s. 98%
Illinois Central ref. 4s . 87%
Louisville and Nashville un. 4s . . 91%
Seaboard Air Line ad.1. 5s . 61 74
Southern Bell Telephone 5s .... 97%
Southern Railway 6s . 99
Southern Railway gen. 4s . 6174
TJ. S. Steel 5s . 102%
Mercantile Paper
New York, August 10 —Mercantile paper.
S%©3% per cent. Sterling exchange. 601
day bills, 14.70.25; demand 34.76.35; cables.
$4.76. Francs, demsnd, 6.78: cables. 5.7?.
Marks, demand. 82%; cables. 82%. Llres.
demand. 6 40; cables. 6.39. One rubles, de
mand, 32%; cables, 32%. Bar silver, 47%c;
Mexican dollars, 37c. Government bonds
steady. Railroad bonds steady. Time
loans steady; 60 days, 2%®2% per rent; 90
days, 2%®3 per cent; six month3, 3% per
cent. Call money steady. High. 2 per
cent; low, 1% per eent% ruling rate, 1%
per cent: last loan. 2 per cent; closing hid.
>S‘ ler cent; offered at 2 per cent.
Live Stock
Chicago. August 10.—Hogs: Receipts,
M00 mRrket strong, unchanged to 10c
higher. Bulk. $6.4587.05; light, $6.S5@7.70;
mixed. $6.2507.70: heavy, $6.1007; rough,
$5.100620; pigs. 6.5007.50.
Cattle: Receipts, 4000: market firm.
ef cattle, $6.10*810.30; western
>09; cows and heifers, $3.10*89.20;
■5811.50.
Receipts. 14.000; market weak.
6.90; lambs, 8709.35.
City, August 10.—Hogs; Re
u’tbard Bros. & Co.
rrrhants. Hitnnr Smart. IV.
rs New York Cotton Exchange,
eans Cotton Exchange, Now
roduee Exchange, Associate
Liverpool Cotton Association,
elicited for the nurefwao and
otton and Cotten Seed Oil for
illvery. Special attention and
rms given for consignments of
:on for delivery, Corrssoond.
toC '1
HOME GROWN HAY ON LOCAL
MARKET IN BIG QUANTITIES
Business continues fairly brisk in the
wholesale district, and prices in most
lines hold firm.
Quantities of home grown hay are now
being placed on the Birmingham market
by Alabama and Mississippi farmers.
Shipments arrive by the carload from all
directions. The market is said to be
oversupplied at the present time due to
the fact that the greater portion of ship
ments received here are consignments to
local wholesale and brokerage concerns.
The prevailing brokerage price on John
son grass per ton is given at from $10
to $11 and that in effect on mixed hay
at $13 to $14, while that on the best grade
ol alfalfa is only $15 to $16.
It is the general opinion of local deal
ers that Alabama and Mississippi hay
is fully equal the western product in
quality, but dealers naturally desire to
secure their merchandise at rock bottom
prices, and when the market Is over
supplied wait for the lowest possible
prices before making purchase. When
consignments are made the dealer or
broker is often unprepared to handle the
surplus supply, and for each day the.
car is allowed to remain on the track
with contents undisposed of a $1 demur
rage charge is made. Sales are, there
fore, often made at a sacrifice when it
becomes apparent that the market is in
bad condition.
Farmers, it is said, are often unpre
pared to store their crop and must, there
fore, dispose of it as soon as the harvest
is gathered regardless of price, but some
provision should be made for storing
the crop while satisfactory selling ar
rangements are being made.
It is estimated that there are now fully
25 cars of homegrown hay on the local
tracks awaiting sale, and that sales are
being made at a sacrifice of from $40 to
$80 per car, large consignments having
affected the market adversely.
Quotations for tomorrow follow:
LOCAL QUOTATIONS
Poultry and Eggs
(Commission merchant's price)
Hens—12c.
Fryers—18@20c.
Broilers—16@17c.
Guineas—30c. '
Roosters—25c.
Fresh country eggs, 19c; graded, car
ton eggs, 21c.
Meats
(Packers’ Selling Price)
Extra Ribs—lO^ic.
Bellies—11c.
Butts—16c.
Pork Loins—I6®17c.
Neck Bones—4c.
Breakfast Bacon—18@24e.
Spare Riba—9c.
Regular Hams—16Hc.
Skinned Hams—16c.
Pure Lard~8t4« compound, 7%e.
Fish
(Wholeaalera’ Selling Price)
Perch—8®8«4o
Salt Water Trout—11®12%c.
Blue Catfish—7Hc.
Red Snapper—SH®10o.
Gray Snapper—5e.
Mullet—6 >,4®6c.
Shrimp—16c.
Spanish Mackerel—12%@19c.
Sheephead—8®8%o.
Creamery Products
(Wholesalers' Selling Price)
Creamery Butter—29ftc; procefs butter,
27%c; oleomargarine. 14®28c.
Full Cream Cheese—16c; Imported
••••••••••••••••••••••••••••••*•••••••••••••••••••••
Swiss, 36c; Pimento, dozen, $1.35.
Fruits and Produce
(Wholesalers' Selling Price)
Lemons—$3@4.
Oranges—$6.00.
Lettuce—$1@L26 per box.
Limes—75c@$l per 100.
Pineapples—$1.50@2 crate.
Peaches—$1.0001.60.
Feaches, H bus. baskets, 16@26c.
New Apples—$1 @1.25 per hamper.
Peanuts—5Va@6Vic per lb.
Home Grow’n Tomatoes—S0@40c basket.
Irish Potatoes—75c per bu.; No. 2, 50c
per bushel.
Virginia Potatoes—Cobblers in 11-peck
barrels, $2.
Roasting Ears—12V£@16c doz.
Eggplants—$1@1.60.
Alabama Onions—$1@1.25 crate.
Northern Onions—Per 75-lb. sack, $1.25.
New Cabbage—$1 @1.50.
Green Beans—Hamper, 60076c.
Home Grown Squash—Per half-bushel
basket, 20@30c.
Home Grown Cucumbers—Per half
bushel basket. 25@60c. ~
Lodon Laver Raisins—$1.75.
Wa term el pons—10@20c.
Cantaloupes—75c@$l.
New Sweet Potatoes—$1.25 per hamper.
Missouri Apples—$1.26 crate.
Figs—$1.50.
Sugar
Granulated sugar, $0.25 per cwt f. e.
b., Birmingham.
Choice Rice—$6.50 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 Foodstuffs
(Wholesale Quotations.)
Self-rising flour, $0.40; Tennessee flour,
$0.00; Michigan flour, $7.10; Idaho flour,
$8.00; Indiana flour, $0.20; hard winter
wheat flour, $6.40; shorts, $33; pure wheat
brand, $29; C. S. meal. 7^ per cent, $29;
Cremo meal, $26; C. S. hulls, $10 ton; No. 1
timothy hay, $25 per ton; pea green al
falfa; western, $22, and southern alfalfa,
$19; mixed feeds, per ton, $35; oats, per
No. 2 white, bushel, 68c; Texas oats, 63c;
corn, per bushel, $1.03; commeal. $1.95; per
two-bushel sack; chops, $1.95.
Hides and Tallow
(Dealers’ Buying Otter.)
Green Salt Hides—17@18c.
Green Salt Hides (half cured)—16@>17c.
Green Hides (fresh)—I6@)16c.
Dry Flint Hides—28@29c.
Dry Salt Hldes-26@27c.
Damaged Hides—Half price.
Sheep Skins—25@60c.
Horse Hides— $2@3.
Sherlings—15@ 26c.
Goat Skins—25 @>39c.
Kid Skins—10c.
Tallow—5@6c.
Beeswax—27@28c.
Washed Wool—35@8Sc.
Clear Unwashed Wool—27028c.
Burry Wool—17@20c.
Ginseng, Wild-$8@7.
Spot Cotton
(Brokers’ Quotations.)
Good middling . 8V4
Strict middling . 8%
Middling . 7%
Strict low middling . 7Vi
The Iron Market
IF . $11.50
2F . 11.00
8F . 10.60
Gray Forge.... 10.00
IS. 11.50
2S. 11.00
ceipts, 10,000; market steady. Bulk. $6,950
7.40; heavy, $6.8507.20; packers, $0.9507.42Va;
light, $7.1007.42%; pigs. $6.7607.
Cattle: Receipts, 9500: market steady.
Prime red steers, $9.6O0$1O; dressed beef
steers, $809.50; southern steers, $608.60:
cows, $4.5007.25; heifers. $6.7509.40; Stock
ers, 6 2509.
Sheep: Receipts, 9000; 10 to 15c lower.
Lambs, $8.4008.90; yearlings. $6.7507.25;
wethers, 6.5007; ewes, $6,350)6.76.
St. Louis, August 10.—Hogs; Receipts.
5400; market higher. Pigs and lights, $7.25
07.75; mixed and butchers, $7.4507.75; good
heavy, $6.7607.25.
Cattle: Receipts, 4800; market steady
Native beef steers, $7.60010.15; yearling
steers and heifers. $8.50010; cows, $708;
stockers. $608.25; Texas and Indian steers,
$5.2508.85; cows and heifers, $406.69; na
tive calves, $6010.75.
Sheep: Receipts, 4000; market strong.
T.arnbs, $809.90; sheep and ewes, $5.5C
07.25.
English Money
London, August 10.—The Bank of Eng
land today sold £22,000 in bar gold and
released £200,000 in sovereigns for miscel
laneous purposes.
Sugar Market
New York, August 10.—Raw sugar firm;
centrifugal, 4.64c; molasses, 3.87c; refined
firm. Sugar futures were firm early to
day on covering and trade buying and at
noon were 9 to 12 points higher. Later
most of the eased oiT positions regained
strength. Closed steady, unchanged to 11
points higher. Sales. 1406 tons; September,
3.77c; I>ecember, 3.50c; March, 3.26c; May,
3.24c.
Meta] Market
New York, August 10.—Copper dull; elec
trolytic. $17.75018. Iron steady and un
changed. Metal exchange quotes tin
steady. $34.25034.75. At London, spot cop
per £69; futures, £70 5s; electrolytic, £83
5s. Spot tin, £161; futures, £153. Anti
mony, £126. The New York Metal ex
change quotes lead offered at $4.60. Spel
ter not quoted. At London, lead £21 17*
6d. Spelter, £67.
Coffee Market
New York. August 10.—The heavy move
ment of new crop coffee In Brazil seemed
to make more impression on sentiment In
the market for coffee futures here today
and prices broke quite sharply under
liquidation and trade selling. The market
opened at a decline of 9 to 11 points and
active months sold about 11 to IB points
net lower during the middle of the day.
The close was a shade up from the lowest
on covering with last prices showing a
net decline of 8 to 11 points. Sales. 46,750.
August and September. 8.38c; October,
6.40c; November. 6.42c; December, B.44c;
January. 6.4So; February, 6.58c; March,
6.57c; April, 6.62c; May, 6.67c; June. 6.72c;
July. 6.77c.
Spot quiet; Rio No. 7, T%e\ Santos No.
4, 9®*c. Cost and freight offers were Ir
regular, averaging abount unchanged at
from 8140844c for Santos 4’s, while sales
were reported of Rio 7’s at 6.86c or a
shade under yesterday’* offers.
Receipts at the two Brazilian ports were
129,000 bags; Jundiahy receipts, 127,000.
Mllrels prices were unchanged at Santos
and 76 rels higher at Rio. Rio exchange
on London unchanged.
English Money
London, August 10.—Bar silver, 224,d
per ounce. Money, 3V404 per cent. Dis
count rates: Short bills, 47406 per cent;
three months, 47405 per cent.
Cotton Seed Oil
New York, August 10.—Cotton seed oil
was quieLjwIth prices easier, despite light
crude offerings, owing to poor demand In
general and local professional selling.
Much of the day's business was In the
way of switching. Final pricese were 8 to
5 points net lower. The market closed
easv. Spot. 5.8206.95c; August. 6.8306.90c;
September, 6.77@6.78c; October, 6.7906.80c;
November, 5.7706.79c; December, 6.8006.88c;
January. 6.90@6.91c; February. 5.9608.98c;
March. 6.04@«.05c. Total sales. 7600.
Naval Stores
Savannah, August 10.—Turpentine firm.
3SVt@3864c; sales, 794; receipts, 931; ship
ments, 810; stock. 21.819. Rosin firm; sales,
792; receipts, 2920; shipments, 1501; stock,
59,444. Quote: A. B. C. D, 82.86; E, F. 83.10;
G, 83.3003.26; H, I, 83.26; K. 83.46; M, 84.050
4.20; N, 84.95; WO, 6.80; WW, 8090.
SELLING PRESSURE
IN COTTON MARKET
Weather Conditions Over
Cotton Belt Cause Mod
erate Decline
New Orleans, August 10.—Cotton was
under selling pressure during almost all
of todays session as the result of ralriB
in the belt. While the market fell off,
the decline was moderate, owing to. real
izing by scalping shorts. At the lowest of
the day prices were 10 to 12 points under
yesterdays finals and the close was at
practically the lowest.
In the early trading the market lost A tc
10 points, a rush of selling being seen on
the first call. Around the middle o!
the morning the demand from realizing
shorts was good and the market took » n
a better tone, while the active months re
covered to within 3 to 4 points of yester
days close. At this point hard spot offer
ings increased again, being based on re
ports that it was raining in Texas, and
the market sagged until new low levels
were reached.
Little else but the weather over the belt
was taken Into consideration. Enough
rain fell over night to cause *he claim
that the drouth over the belt had been
broken.
New Orleans Cotton Futures
High. Low.Close.
October . 9.16 9.01 9.0^
December . 9.43 9.35 9.35
January ......... 9.55 9.48 9.48
March . 9.76 9.74 9.71
May . .... 9 91
New Orleans Cotton
New Orleans, August 10.—Spot cotton
quiet, unchanged. Sales on the spot, 200;
to arrive, 2,186. Good ordinary, 6.81c; strict
good ordinary, 7.37c; low middling,* Sc;
strlet low middling, 8.45c; middling, 8.82c;
strict middling, 9.07c; good middling, 9.39c;
strict good middling, 9.76c. Receipts, 2156;
stock, 130,738.
TROY
Troy, August 10.—(Special.)—Troy
received it» first bale of cotton for 1915
today, It being the first bale of Flke
county also. The cotton was purchased
by Alex Henderson, a prominent Troy
merchant, and the price per pound paid
was 24 H cents. The bale weighed 161
pounds and brought $112.94)4. perhaps
the record price paid In Alabama this
year. The bale was grown by W. D.
Burnett of Route 7, ginned at Thomp
son's gin- and stored In the warehouse
of W. L. Thompson. In addition to the
price paid for the cotton, a purse of
$10 was given Mr. Barnett by the mer
chants.
The trial of William May, Sr., and
William May, Jr., was called at the
courthouse this morning before Justice
R. U. McLure. The Mays are being tried
for the murder of Walter Glddens and
the ehoottng of Jamea Glddens and
Kents recently. A. B. Foster and D. A.
Baker represent the state and W. E.
Griffin the defense. There are a very
large number of witnesses t6 be ex
amined. the state beginning the ex
amination of Its witnesses this after
noon.
Hie Exceptions
From the Boston Transcript.
Heiress—But you must keep our en
gagement a strict secret.
Suitor—From all but my most Insistent
creditors, dearest.
WEATHER REPORTS
HEN MMKEI
Cotton Declines From Con
tinuation of Rain and
Easier Tone
New York. August 10.—'There was a
further decline In cotton today owing lo
reports of additional showers In the south
west and the continuation of the easier
tone In Liverpool, with the close steady
at a net loss of 11 to 15 points.
The market opened at a decline of S
points and sold 11 points net lower during
the first few minutes In response to the
easy cables Rnd reports of showers In
north Texas. The western belt forecast
for clearing conditions suggested that the
showery spell west of the river might
pass without any relief of Importance to
drouthy conditions In south Texas, and
the market rallied 4 or 5 points from the
lowest during the middle of the morning
on buying which seemed to come largely
from Wall street Rnd western sources.
This was supposed to be partly based "11
the optimistic view of general conditions
as reflected In the strength of tne stock
market and prospects for large grain
crops, but the buying did not become gen
eral or aggressive and the market weak
ened again In the afternoon owing to nu
merous private reports of further and
more general rains In Texas.
There was a great deal of scattering
liquidation on the decline which carried
prices about 14 to 16 points on the active
months and the close was at practically
the low point of the day. Private cables
Indicated that the decline in Liverpool had
been based largely on the reports of rain
In the southwest and the local market
agin was without the support of Liverpool
straddle buying, which was ons of the
trading features last week. New Orleans
and Memphis were moderate sellers here,
but few orders were received otherwise
from the south and threre was little talk
of hedge selling.
New York Cotton Futures
High. Low.Close
October . 9.35 9.25 9.26
December . 9.66 9.56 9.57
January .. .. 9.77 9.67 9.69
March . 10.00 9.92 9.98
May . 10.83 10.20 10.15
Port Cotton Market
New Orleans. Middling. 8.82o; receipts,
2156; sales, 2025; stock, 130,238.
Galveston: Middling. 8.90c, receipts, 2488;
sales, 244; stock, 113,832.
Mobile: Middling. S.18c; receipts. 23;
stock, 12,230.
Savannah; Middling. 3.63c: receipts, 616;
sales, 484: stock, 69,788.
Charleston: Receipts, 3; stock. 43,031.
Wilmington: Receipts. 87; stock, 37.465.
..orfolk: Middling, 3.75c, receipts, 129;
stock, 45,567.
Baltimore: Slock, 1325.
Boston: Middling. 9.»oc; receipts, 500;
exports, 109: stock, 13,300.
Philadelphia: Middling. 9.50c; stock, SSC.
New York: Middling, 9.23o; sales, 10;
stock, 237.155.
Minor ports: Receipts, 23); exports. 300;
stock, 33,881.
Total tiglay: Receipts, 6023; exports. 909;
stock, 729,767.
Total for week: Receipts. 10,919; ex
ports, 22,484.
Total for season: Receipts, 28,874; ex
ports. 42.331.
Interior Cotton Market
Houston: Middling, S.OOc; receipts, 2600;
shipments. 2726; sales, 872; stock, 46,313.
Memphis: Middling, 8.75c; receipts, 32;
shipments, 1307: sales, 350; stock, 78.838.
Augustu: Middling, S.83e; receipts, 70;
shipments, 367; sales, DO, stock. 6S.593.
St. Louts: Middling, SV; receipts, 160;
shipments, 150; stock, 15,210
Cincinnati: Shipments. 292; stock, 15,373,
Little Rock: Middling, 8.50c; receipts,
6; shipments, 644: sales. 64-t! stock, 7887.
Dallas; Middling, 8.50c; sales, 100.
Total today; Receipts. 2818; shipments,
5476; stock, 227,214,
Liverpool Cotton
Liverpool, August X.—Cotton, spot
easier. Good middling, 6.66d; middling,
5.63d; low middling, 4.90d. Sales, 8000: foi
speculation and export, 1000. Receipts,
5000. Futures quiet; August, 6.25d; Au
gust and September. 5.26d; September and
October, 5 29Vjd; October and November,
B.8654d: November and December, 5.42c!;
December and January, 5 4«d; January and
February, 6.60d; February and March,
6.64d; March and April, 5.58d; April and
May, 6.61HA; May and June, 5.85d; June
and July, 6.68d; July and August. B.Tld.
Dry Goods Market
New York, August 10.—Cotton goods
were quiet and steady today. Yarns were
quiet. Large orders have been booked by
Italy for cloth and blankets for army pur
poses and woolen mills are running to
nearly 70 per cent of capacity. The silk
trade shows Improvement.
Hubbard Bros. & Co.’s Letter
New York. August 10.—(Special.)—Ca
blfcs were lower this morning and our
market was easier under the Influence
of showers reported In Texas, where rain
Is badly needed. The detailed reports
failed to show any general precipitation,
but there were private reports of showers
today at Points at Central and southwest
ern Texas. We must await tomorrow's
official reports to ascertain whether or not
the drouth has been actually broken. In
local circles, where sentiment Is very
bearish, these rains attracted considerable
selling under the pressure of which prices
declined to 9.25c for October.
- »•«-—
Codfish on Free List
Washington, August 10.—A treasury de
partment decision today puts codfish on
the free list. The department decided
that removal of part of the bones of cod
fish to aid preservation and packing does
not render shipments liable to duties on
prepared fish on which there is a duty of
three-Quarter* of a cent a pound.
VACATION? MAKE IT
COLORADO THIS
YEAR
Have you ever felt the thrill of the
mountains, that deep mysterious some
thing that comes from a wide sweep of
plains and mountain tops, that Indes
cribable feeling thnt overwhelms you
when you see the glorious and magnif
icent beauty and scenic wonders of the
Rockies for the first time?
It's there for everyone—in Colorado—
and to get there in greatest comfort
there’s the Rock Island's famous
“Rocky Mountain Limited,” a modern
train providing every comfort and con
venience—only one night out between
Chicago and Colorado. Other fast trains
dally from Chicago and St. Louis. Au
tomatic block signals—Finest modern
all-steel equipment—Superb dining car
service. Through cars from the south
east to Colorado.
Low fares fbr round trip dally, June
1st to September 30—only $30 from
Chicago; $26 from St Louis.
Only direct line between the east and
both Denver and Colorado Springs.
Write, phone or drop in at our
Travel Bureau for our booklets and
folders on Colorado, hotels and board
ing houses in Colorado, Little Jour
neys in Colorado, etc.. 411 Peters Bldg.,
Atlanta, Qa. H. H. Hunt, D. P. A., Bock
Island Lines.
1,000.000 Bushels Loaded
This Week for Shipment
to Europe
Chicago, August 10.—1Torrential rains ir
parts of Kansas and elsewhere southw’esl
, had a good deal to do with rallying th«
market today after an early decline
Prices closed firm. %0%c above last night
[ Corn gained %0%c net, and oats %<fi
%c. In provisions the finish ranged froir
2%c decline to a shade advance.
Short sellers of wheat became decidedly
nervous In regard to reports that in mans
places in western Kansas there had beer
| storms which amounted to a cloudburst
j Rainfalls of five to 12 inches were speci
fled, and it was said lowlands which had
been previously flooded several times thii
season were again under water.
Unwelcome downpours In Missouri and
| Illinois threatening further delays to tht
movement of the winter crop tended alsr
to increase bullish sentiment during the
last part of the day, and so, too, die
word of 800,000 bushels having been sole
at tbe seaboard yesterday for export, anc
of 400,000 bushels more today. Besides. 11
was said, 1,000,000 bushels would be loaded
in Chicago this week for shipment to Eu
rope direct by way of Montreal.
Bearish constructions put on the govern
ment crop report were responsible for gen
eral selling that forced a sharp break ir
wheat prices at the start. Favorably
weather In the northwest and in Canada
proved also for a while a decided handi
cap to the bulls.
Predictions of a falling off in receipt*
here gave strength to the corn market
At first, however, many traders were in
clined to favor the Belling side owing tc
the temporary weakness of wheat.
Firmness in oats was based largely or
a material Improvement in the seaboard
demand. The bearish effect of the gov
ernment report was brief.
Provisions lacked aggressive support.
The market was fairly well sustained,
though by gossip that stocks of cut meats
were decreasing, and by the fact that hog
prices were on the advance.
Future quotations were as follows:
Wheat— Open. High. Low. Close
Sept. .... 1.08% L07% 1.05% L07%
Leo.1.06% 1.08% 1.00% 1.08%
Corn—
Rept . ... 73% 76 73% 747k
Dec . 63% 64% 63% 04
Oats—
Rept _ 38% 39 7k 38% 39%
Dec _ 39 % 40% 39% 39 7k
Fork—
Sept _13.85 13.90 13.72 13.87
Oct . 13.95 14.00 13.85 13.97
Lard—
Sept _ 8.15 8.15 8.10 8.15
Oct . 8.17 8.20 8.15 8.20
Ribs—
Sept _ 9.15 9.25 9.1 2 9.20
Oct . 9.17 9.20 9.10 9.15
Rico Market
New Orleans, August 10.—Clean rice was
quiet. Rales: Rough Honduras. 869 at
3 4103.62c; clean Honduras. 2238 at 3%0
4%o. Receipts: Rnu#h. 2307; clean, 1150;
millers, 776. Polished, $26026. Brand, $100
18. Quote: Rough Honduras, 8.2603.62c;
clean Honduras. 405c; Japan. 404%c.
Chicago Grain
Chicago, August 10.—Wheat No. 2 red
$1.1401.15; No. 2 hard, $1,210)124. Corn,
No. 2 yellow, 80081c; No. 4 yellow, 79%'ij
80c. Oats. No. 3 white, new. 47049%e; No
3 white, old, 51%@66c; standard. 67%c. Rye
No. 2. $1.05. Barley, 66083c. Timothy, $o.6<
07.10. Clover, $6 35013.60. Pork, $13.80
Lard, $3 07. Ribs. $8.7609.16.
St. Louis Grain
St. Louia, August 10.—Wheat. No. 2 red,
$1.17; No. l hard nominal, $1.1701.13; Sep
tember, $1,077*; December. $1.07%. Corn,
No. 2, 78c; No. 2 white, 79%0SOc; Septem
ber. 74%c; December. 6l9k0'Bl%c. Oat*
nominal; September, 39®39%c; December
39%c.
Kansas City Grain
Kansas City, August 10.—Wheat, No.
hard, $1.2201.35; No. 2 red. $1.1601.18. Corn
No. 2 mixed, 73%074c; No. 2 white, 75c
No. 2 yellow, 78c. Oats, No. 2 white, 61%'c
62c; No. 2 mixed, 40050c.
Produce Market
Now York. August 10.—Butter: Receipts
22.673; steady; creamery extras, 92 score
26%0»20%c; creamery, higher scoring. 27(&
27%c; firsts. 24026c. Eggs firm: receipts
113,206; fresh gathered extras. 23%0'26c; ex
tra firsts, 21023c; firsts, 19#20%c; seconds
16%018%o. Cheese easier; receipts, 7007
state whole fresh, fiats, white and colorec
specials, 13%014c; colored, average fancy
13%013%c; white, 130>13%c. Live poultry
prices not settled. Dressed poultry quiet
prices unchanged.
Chicago, August 10.—Butter higher
creamery. 2O0,24%c. Eggs higher; receipts
9348 cases; at mark, cases Included, 160
17%c; ordinary firsts, 15%016%c; firsts
northern stock, 17%013c; firsts, southern
16%0l7c. Potatoes unchanged; receipts. 3(
cars. Poultry, alive, higher; fowls, 18%e;
springs, 16017c.
St. Louis. August 10— Poultry unchanged
except springs. 14%c; turkeys, 15c; ducks,
10c. Butter and eggs unchanged.
Kansas Cfty. August 10.—Butter, eggs
and poultry unchanged.
ARMENIAN REFUGEES
ARRIVE IN IGDIR
Tlflls, Trans-Caucasia, August 10.—(Via
Petrograd and London, 11:20 p. m.)—The
Armenian bishop has learned that 00,000
Armenian refugees have arrived at Igdlr,
principal outlet of the vilayet of Van.
Tt is expected that fully W0,000 will be
driven from Van alone and another of
Christians from Persia is feared.
Kurds are reported to have massacred
10,000 Armenians In the vilayet of Bltlls,
throwing the bodies into the Tigris and
Euphrates rivers.
The war on this front has reached a
degree of intensity hitherto unknown ex
cept In the period Just preceding the
Russian victory at Sary-Kamya4.
JACKSON, MISS.
Jackson, Miss.. August 10.—Special.)
Governor Brewer signed pardon pa
pers for four negro convicts today as
follows: Robert Buie, Copiah county
May, 1904, murder, life sentence; Wal
ter Moore, Sunflower county, March,
1906, murder, life; Wllborn Barnes, Jef
ferson county, December, 1909, man
slaughter, 10 years; Walter Simmons,
Carroll county, October, 1910, man
slaughter, 10 years.
The bank clearings for Jackson, ac
cording to Bradstreet's, were $390,000
last week against $202,000 the week
before. The clearings for Vicksburg
last week were $185,000 against $130,000
the week previous.
The Jackson Automobile association
has planned another tour of nearby
towns next Friday, and will visit Clin
ton, Bolton, Raymond and Coopers Well,
distributing advertlselng matter of the
slate fair and numerous private enter
prises—at the same lime using best
endeavors to Interest everybody in good
roads. About 25 cars have been promised
for this second trip, and there may be
more.
TALKS ON THRIFT
The Farmer's Opportunity
**I believe that the greatest construc
tive service the hankers of any city, or
any state, or of the nation, can perform
at this time, is to endeavor, by every
moans at their command, to impress upon
the minds of the people the necessity for
each individual man, woman and child
striving to practice the virtue of thrift.”—
James G. MoNnry, El Paso, Tex.
This should be a golden year for Amer
ican agriculture.
The farmers of the United States are
now engaged in harxresting enormous
crops—perhaps the greatest ever produced
• in this country. Government forecasts
indicating $12,000,000,OCX) crop yield for 1915.
Big crops and good prices will quickly
make better business for the railroads, for
manufacturers, and Tor wholesale and
retail business generalty. There ought,
therefore, to be increased prosperity for
all of us. and that is why both city and
country are Interested In the crops.
Nature has been Hind to us. Should we
not be equally kind to ourselves in the
matter of waste—prevention?
American farmers will burn thousands
of tons of straw that, in Europe, war
made thrift would cause to be suved for
various uses. ,
According to one student of the value of
by-products, allowing cornstalks to evap
orate and decay causes an annual waste
of $200,000,000. But progressive farmers are
reducing this waste by using silos to pre
serve chopped cornstalks and other fodder
crops.
The humble hen is a first-aid to the
thrift of the farmer's wife, but the de
partment of agriculture estimates an an
nual loss of $40,000,000 from unnecessarily
spoiled eggs.
The annual shipment of potatoes from
Maine Is 86,000 cars, and it is said that
the average waste is 20 bushels per car, or
a total of 700,000 bushels.
The yearly waste of vegetables of all
kinds is duplicated by that of fruit. The
government specialists estimate that home
canning on the farm of what otherwise
would be xvasted ought to save at least
$100,000,000 annually.
But these are large and general state
ments. To get right dowm to “brass
tacks,** as they say, how can the farmer
actually save money?
He must not he tight-fisted or his farm
will not be kept up; he must not be a
spendthrift or he will get Into difficulties
that way. In approaching a bank for a
loan the man without a bank account is
handicapped.
The farmer who say*. “I wish to buy 20
steers to fatten for market; will you loan
me some money?” will stand a good
chance of getting the loan. Tf he says.
“Our best horse died, and we are hard
up; the rent Is coming due and the in
surance expires tomorrow: won't you
please loan me $200?” the banker feels very
sorry for him. hut dislikes to risk 200
perfectly good dollars on a farmer with
such an unpromising outlook.
Close co-operation between farmer and
hanker ought to enable most tenants to
become owners If they really want to own
their farms, as they should.
Many farmers as well as their wives try
to save money by doing all the xvork
theniseh'es. and after a few years spend
more money than they saved on both hired
holp and doctors’ bills. Sometimes they
get beyond the doctors’ help In carrying
out this plan for saving money. Some
people save by not insuring their property
and lose everything when their house or
bam bums.
Common sense saving In the thing, and
It is good for everybody, city dweller and
farmer alike. T. D. MACGREGOR.
Exchange Prisoners
Petrograd, August 10— (7:10 p. m., xin
London, 10 p. m.)—The first detachment of
a party of 2000 German prisoners to be ex
changed left here tonight for Sweden by
way of Finland. They are disabled for
future military service by wounds.
.. , — - . ■- - -
BP" ■Ml1 " 1
RESERVE BOARD
IN NEW YORK
New York, August 10.—The federal re
serve board, which usually meets in
Washington, held a conference here to
day.
The session, following the visit of Wil
liam G. McAdoo, Secretary of the Treas
ury, to Wall street yesterday, caused
considerable speculation. An official an
nouncement, however, said the meeting
was to "clear up matters of pending
business held open through the absence
frdm Washington of several board mem
bers.” It added that a session was held
here because New York was more con
venient than Washington for the absent
members.
Members present were: Charles S.
Hamlin, John Skelton Williams, W. P. G.
FTardlng, Paul M. Warburg and A. C.
Miller.
,-- ■—.. ■ - 1 ■■
HOTELS AND SUMMER RESORTS
40 WL1ST FORTY FIFTH ST.
(Just olf Fifth Avrnu*)
I Within a block of Sherry’s b[
§j and Delmonico’s, the Har- jg|
E vard and Yale Clubs, and a gl
block and a half from Times a!
fj Square.
S Thetransientclienteleisfrom
§ the best families of Europe,
g Canada and America.
E Service and cuisine compar
H able with the best clubs, but
H with the advantage of hotel
«g privileges and conveniences.
B Moderate prices. Booklet
S on request.
PAUL L. PINKERTON
Bet. 5th Ave. & Broadway
300 Rooms, Each with Bath,
$2.00 to S3.50 Per Day.
Fireproof—Modern—Cfiitrnl
Mealt: Table d’Hota and a la Carte
We nBjr taxicab service from
<irann flentrnl or rein., Station*.
Grove Park Inn
i Sunset Mountain, Asheville, N. C.
SPECIAL SUMMER RATES f
The finest resort hotel in the world. It is absolutely
fireproof. Remains open all the year,
j! The finest golf links in the south, one hundred and f
twenty acres in extent, is over (5000 yards, and is covered
with blue grass.
All water used at the Inn comes from the slopes of |
Mount Mitchell, highest mountain oast of the Rockies,
nearly 7000 feet altitude.
The milk and cream come from the estate of the late j
Oeorgo W. Vanderbilt.
I- - It Is the moat sanitary hotel ever
Average temperature for hnllt
A ahevllle for the three an in- °
'very floor I. tile. The rug.
Iliireaui were all made In France. The jj
«|>‘U—June . or foods are the finest that money can
July . rt hll„
\ iikimt . 7O.0 uu"' • f
1011 Jul'y j\a Kitchen walls are tiled to tho I
I Anguat.;;;;; 7i!m roof with white tile; floors white
1012-t/uly° . Mosaic tile.
?."*."**.. 70 The altitude makes It cool In
nil.v—June . fill.4 . , , , . 5
July. 74 summer, and blankets are necessary
Au*ust.71.s at night. i,
1014—June . 78,1 t
Jn,7 . 72.S Full information may bo had by e
IOIR—Ju"eU“ ai'% inquiring at Southern Railway of- |
————---flees. ;
WASHINGTON’S FAMOUS HOTEL
Situated in an
Ideal Location
in the Centre oi
Everything,
on Pennsylvania Av.
Absolutely Fireproof.
500 Rooms,
Nearly All with Bath.
Madera completely throughout, exquisitely furnished. It U just the hotel far
y»a, year family, and where ladies can enjoy entire freedom from all objeetleB
sMe features, and bee beautiful reof garden. Fes- year* this hotel hq» bee* the
headquarters far a early all the foreign diplomat. aad gererument officials.
The Restaurant of exceptional quality at moderate rate*.
Rooms for one person, $2.00 per tiny end tip.
Rooms for two persons, $3.00 per day and up.
Rooms with bath, one person, $2.50 per day and up.
Rooms with hath, two persons, $4.00 per day and tip.
E. L WESTON, Manager
bookuw AM im turomsATiow on ggqw»T.