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ECOVERY OF PRICES
ference That “the Public” Is Participating in the Speculative Mania - • Jew York, October 7.—T»ie inference lerally drawn from today’s remarkable lovery of prices in the stock market that “the public^’ who Is an un own quantity to Wall street, is partici ting; in the speculative mania to an ex it probably unprecedented in the annals the stbek exchange. On no other >vnd, said dispassionate observers, was ogical to explain the free and confident sorption of securities witnessed after iterday’s viplent upheaval. !asy money, it is realized, constitutes important clement in the situation, de te the closer scrutiny of loans by finan .1 institutions and the admonitions from quarters against marginal opera nt'. Much of todays buying emanated >m yesterday’* rfiost active selling :rces and was materially assisted by gent short covering. ncreased strength of railways, which lo more consistently than at any re U period, on a broader demand, was a lolesome feature. Representative shares that list were 1 to almost 3 points rher. United States Steel’s rise of 2% 80% on dealings aggregating over 10 r cent of the whole denoted influential >Port for that issue. 'wo new records stood out in the day’s alings. Bethlehem Steel, now’ in a clas3 Itself, rose to 460, an overnight gain 60 points, and Inspiration copper ad uced 2% to 47%. Anaconda copper came ward with an advance of 3% to 75% in 7 final hour, the whole list regaining vigor of the early session and closing th a vast majority of net gains. Total les were 1,500,000 shares. Recoveries of 6 to 10 points from yes day's final quotations and of 10 to from the minimum of that session were jistered by many of the war issues, remost in the movement were Crucible eel, Baldwin Locomotive, Westlnghouse d Colorado Fuel and Iron, while Motors d some less distinctive etock made ual recoveries. Philadelphia company, ttsburg Coal common and preferred and b United Railways issues shared to ft bstaitial degree, as did America^ Beet gar on the proposed repeal of the free gar tariff act. 'he government report, showing an im oved condition and indicated higher fid for corn, with higher estimates for ring and winter wheat, bofe out all own conditions regarding the crop out )k. Some sensational gains were made by pper convertible issues, with general engtli in the bond market. Total sales, r value, were $6,540,000. Jnited States bonds recorded no change call. Stock Quotations Sales. High. Low. Close. lls-Chal.7400 44 % 42% 43 % ner. B. S.7300 68 65% 66 ner. Can _23200 63% 62 63% C. & F.18500 84 80% 83% ner. C. pfd. 46 ner. Cot. Oil .15100 61% 59% 60% ner. Loco. ..11100 67 63% 66% ner. Smelt. ..14600 87% 85% 87% ner. Sugar.108% ner. T. & T. . 700 123% 123% 123% ner. Tob. 600 227 225% 226 ia. Cop.63000 75% 72% 75% chison .S800 105% 104% 105% C. I. . 500 112 110 112 lid. Loco. ...22400 117 110% 115% 0.9200 89% 88% 89% R. T.1300 85% 85 85% ith. Steel .6000 450 409 449% in. Pac.5600 162% 161% 162% n. Leatli. ...13700 54% 52% 63% & O.11700 56 54% 64% M. & St. P. .3000 88% 87% 88% R. I. & P. .13900 23% 21% 22 >n. Gas .10800 136 129% 136 uc. Steel ....4100 93% 85% 91% •le .26000 34% 32% 33% in. Elec.6700 178% 175% 178 ill. ATo. 400 343% 336% 336% N. pfd .2900 121% 120% 121 . Ceil. 100 106% 106% 106% tcr.-Con. Cor. 11200 22 21% 21 % C. S.8400 28% 27 27% •high Val.1200 147% 146% 147 & N. 500 122% 121% 122% Kgett & Myers.225 irlllard Co., .... 175 , K. & T. pfd. 12% ex. Pet.17200 91 89% 90% it. L. ex div .2400 67% 66% 66% Y. C.11600 98% 98% 98% Y„ N. H. & Hart.10400 117 115% 116% & W.10400 117 115% 116% >r. Pac.6100 112% 111% 112 snn.7900 115% 114% 114% lading .53400 155% 154% 154% I. * S.8300 62% 50% 62% do pfd . 300 102% 102 102% A. L. .1100 16% 16 16% do pfd .1700 38% 37% 38% oss-Sheff. Steel and Iron .... 800 59% 56% 69% ude. Cor. 12200 144% 142% 143% iu. Pac.14200 94% 91% 94% u. Rv.3100 19% 18% 19 do pfd . 800 68 67% 67% •nn. Cop.10700 65% 63% 65 ixas Co. 600 107 165% 165% & P....2200 12% 11% 13 lion Pac.23200 134% 133% 133% S. Rub.10000 54% 53% 53% S. Steel _154800 80% 78% 80 do pfd . 700 114% 114 114 ah Cop.20400 70% 68% 70% -C. Chem. ...1000 42% 41% 41% est. Union ..10000 76% 76% 76 est. Elec. ..133800 137% 128% 134% . N. Ore _8300 47% 46% 47% Total sales for the day, 1,500,000 lares. Bonds S. 2s registered . 97 S. 2s coupon . 97 S. 3s registered . 100% . 9. 3s coupon ... 100% . S. 4s registered .. 109 S. 4s coupon . 109% mama 3s coupon . 100% •ntral of Georgia Con. 5s .... 97 inols Central ref. 4s . 84 luisville & Nash. un. 4s . 90% saboard Air Line adj. 5s . 64% mthern Bell 5s ... »7% >uthern Railway 5s . 97% uthern Railway gen. 4s . 66% S. Steel 5s . 102% Mercantile Paper New York, October 7.—Mercantile pa r, 8@3% per cent; sterling 60-day 11s, 4.67; demand, 4.70.15; cables, 70.65: francs, demand. 6.80.50; cables, 79.50; marks, demand, 83; cables. 83%; ■es, demand, 6.27: cables. 6.26: rubles, mand, 34; cables, 34%; bar silver, %c. English Money London, October 7.-Bar silver, 23 15-16d r ounce. Money. 4% per cent. DIs We Buy and Sell STOCKS AND BONDS On All Stock Exchanges OTTO MARX A CO. Hubbard Bros. & Co. ttoa Merchants, Hanover Square, ». i Alembers New York Cotton Ex ange. New Orleans Cotton Exchange iw York Produce Exchange, Associate smbers Liverpool Cotton Aseoctatton ders solicited for the purchase and le of Cotton and cotton Seed Oil for lure delivery. Special- attention and eral terms given for odMlgnmenta of 'f cotton for delivery. Correspond - w in Red. Net Change for the Day Was a Loss of 3 to 5 Points New Orleans, October 7.—Rapid fluctua tions both above and below the level of yesterday's close featured the cotton mar ket here today. Weather news was con sidered unfavorable and caused good sup port at times, but the liquidation from the longside furnished heavy offerings under which the market repeatedly sagged. The net change for the day was a loss of 3 to 5 points. The market opened at the decline on ca bles and lost 5 to 15 points around the first call. Buying on a large scale met this slump, and a rapid Recovery ensued and finally a small net advance. Later there was another fa'l, this time to a net loss of 9 to 15 points, but around the middle of the day the market displayed strength on frost predictions. In the early afternoon prices were at their high est, a net rise of 13 to 15 points, but this was quickly lost In a selling wave which developed toward the close. New Orleans Cotton Futures High. Low. Close. October ... 12.46 ~ 12.23”' 12.28 December . 12.72 12.43 12.56 .Tanuarly. 12.90 12.65 12.73 March . 13.16 12.92 12.98 May . 13.30 12.91 12.29 New Orleans Cotton New Orleans, October 7.—Spot cotton steady, unchanged. Sales on the spot. 1145; to arrive, 2370. Good ordinary, 9.99c strict good ordinary, 10.55c; low middling, 11.18c; strict low middling, 11.63c; mid dling, 12c; strict middling, 12.25c; good middling, 32.67c; strict good middling, 12.94c. Receipts, 7494; stock, 166,666. count rates: Short bills. 4%®4«i per cent; three months, 4%@4% per cent. Bank of England Statement London, October 7.—The weekly statu ment of the Bank of Kngland shows the following changes: Total reserve decreased, £836,000; circu lation increased £76,000; bullion decreased £759,098; other securities decreased £13, 048,000; other deposits increased £21,613, 000; public deposits decreased £34.841.000; notes reserve decreased £827,000; govern ment securities decreased £1000. The proportion of the bank's reserve to liability this week is 26.05 per cent; last week It was 24.70 per cent. Rate of dis countfl 5 per cent. Bank of France Statement Paris, October 7.—The weekly statement of the Bank of France shows the follow ing changes: Gold in hand Increased 61.198,000 francs; silver in hand decreased 622,000; notes in circulation increased 203,787,000; treasury deposits increased 6.070,000; general depos its decreased 68,974,000; bills discounted de creased 122,881,000; advances increased 4,299,000. Live Stock Market Kansas City, October 7.—Hogs: Re ceipts, 7000; higher; bulk, $7.90©8.30, heavy $firstname.lastname@example.org, light $email@example.com, pigs $7.25© 8. Cattle: Receipts. 5000; strong: prime fed steers $firstname.lastname@example.org, dressed beet steers $email@example.com, southern steers $5.60© 7.50, cows $firstname.lastname@example.org, heifers $email@example.com, stockers $5.50@8, bulls $5@6, calves ?6 @ 10. Sheep: Receipts, 6000; strong; lambs $firstname.lastname@example.org, yearlings $6.25@7, wethers $5.50©6.50, ewes $5.25@6. St. Louis, October 7.—Hogs: Receipts, 11,200; higher: pigs and lights $6.50© 8.55, mixed and butchers $8.10©') 8.66, good heavy $8©) 8.50. Cattle: Receipts, 3700: steady; native beef steers $7.50© 10.25, yearling steers and heifers $8.50© 10.25, cows $6© 8, stockers $6©7.75, Texas and Indian steers $email@example.com, cows and heifers $4 @6.50, native calves $6 ©11.25. Sheep: Receipts, 1400: strong; lambs $8©9. sheep and ewes $5©7.75. Chicago, October 7.—Hogs: Receipts. 15,000; bulk $7.50©8.85, light $7.50© 8.80, heavy $firstname.lastname@example.org, rough $7.36© 8.66. pigs $5.25©7.60. Cattle: Receipts, 5000; steady; native beef steers $6.25© 10.50, cows and heif ers $email@example.com, calves $8@12. Sheep: Receipts, 13,000; strong, wethers $5.85© 6.65, ewes $8.70© 6, lambs $firstname.lastname@example.org. Coffee Market New York, October 7.—The market for coffee futures opened steady at an ad vance of 3 to 6 points with .active months selling about 3 to 8 points net higher dur ing the midd’o of the day on some scat tered covering following yesterday s late reaction and In sympathy with#the gener ally steady ruling of Brazil. The ad vance carried March contracts up to 6.51c and May to G.61c, but offerings increase*! late in the afternoon on talk of a slightly easier turn in the coat and freight situa tion and the close was 4 to 7 points net lower, although no actual sales were re ported be’ow last night’s final figures. Sales, 20,250; October. 6.20c; November, 6.22c; December. 6.25e; January, 6.29c; Feb ruary. 6.34c; March, 6.38c; April, 6.43c; May, 6.49c; June, 6.64c July, 6.69c; August. 6.64c; September, C.69o. Spot steady; Rio 7*s, 7c; Santos 4’s. 9c. Cost ttnd freight offers were reported here from Santos ranging from 8.60c to 8.65c for 4’s, while Rio 7’s were quoted at about 6.76c, the latter being American credits. Rio exchange on London was 1.32J lower. Meilreis prices were unchanged ;it Rio and 100 reis higher at Santos. Santos reported a clearance of 23,000 bags for New Orleans. Brazilian port receipts, 85,000; Jundlafcy, 47,000. Sugar Market New York, October 7.—Raw sugar firm: centrifugal, 3.7Sc; molasses. 3# 2.93c; refined quiet; sugar futures opened firm and active today. At noon prices were G to 10 points higher. Metal Market New York, October 7.—Copper steady; electrolytic. |18.75#18.25; iron steady and unchanged: metal exchange quotes tin quiet, |S2@33; at London, spot cop per, £72; futures. £73: electrolytic, £88; spot tin, £149 10s futures, £150 15s; antimony, £125. The metal exchange quotes lead, 84.50; spelter not quoted; at London, lead, £25 12s Gd; spelter, £69. Live Poultry New York, October 7.—Live poultry, steady; western chickens, 15#15Vfrc; fowls, 15@16c; turkeys, 16® 18c; dressed firmer; western frozen roasting chick ens. 19®21c; fresh fowls, iced, 14# 17Vjc; turkeys, frozen, 17®21c. Cotton Seed Oil New York, October 7.—Cotton seed oil was erratic as to price movements today, with the trend of prices upward. Opening values were higher on the lard advance, but the list later eased off under profit taking, only to again rally and final quotations, while some what below the highest, were 8 to 15 points above last night's finals. Oc tober. 7.33c; December, 7.40c; January, 7.47c; March. 7.«*o; May. 7.83c. Naval Store* I Savannah, October 7.—Turpentine firm, 38c; sales, 273; receipts, 175; shipments, none; stocks, 13.244. Rosin firm; sales, 381), receipts, 90S; shipments, none; slocks, 6\ 852. Quote: A. B. C, D. «3.82H#8.35; K, l3.32VfrSS.35T F. 83.85#3.40: O, 23.40; H, 33.45; I. *3.45: K, 13.90; M. 14.75; N, 34.90; WO, 15.80; WW, H WEEKjSEXPECTED Rising Tendency Noted in Flour Market—Supplies Up to Demand With good weather in prospect for the remainder of the week and throngs of visitors in the city, merchants on Mor ris avenue are enjoying good business, and a week that started somewhat slow is expected to make a whirlwind finish. Prices remain stationary, but supplies in all lines, except fish, are fully up to the demand. The local flour market is exhibiting a rising tendency in the face of the gov ernment report of yesterday, which shows a record yield. Local dealers do not un derstand why the market has not sagged under the prospers of a heavy harvest and some of them attribute the strength of the market to conditions abroad. The market here has remained practically sta tionary for more than a month, and a rise is said to be due soon. Cotton remains steady, with no change from yesterday morning’s quotations. The market this week threatened for a day to recede locally, due to too rapid market ing of the crop. However, the market has become stabilized, farmers holding back their production, and the bulls have complete charge. Today’s quotations follow: LOCAL QUOTATIONS Poultry and Eggs (Commission merchants price) Hens—16c. Fryers—20c. Broilers—20c, Guineas—30c. Roosters—25® 30c. Fresh country eggs, 21®23c; graded, carton eggs, 27c. Meats (Packers' Selling Price) Extra Ribs—9%c. Bellies—10 He. Butts—17c. Pork Loins—18c. Neck Bones—5c. Breakfast Bacon—18®24c. Spare Ribs—10c. Regular Hams—16Ho. Skinned Hams—16c. Pure Lard—9Hc; compound, 8Hc. Fish (Wholesalers’ Selling Price) Perch—8 He. Salt Water Trout—12He. Blue Catfish—7He. Red Snapper—9He in bbl. and 10c in smaller lots. Gray Snapper—6c. Mullet—5 H ® 6c. Shrimp—10c. Spanish Mackerel—15c. Sheephead—8 H c. Oysters—11.65 gallon. Creamery Products (Wholesalers’ Selling Price) Creamery Butter—30e; process but ter, 28c: oleomargarine, 14® 23c. Full Cream Cheese—IfiVfcc; imported Swiss, 35c; Pimento, dozen, $1.35. Fruits and Produce (Wholesalers’ Selling Price) California Grapes—$2 box. Lemons—$2.50 @3.50, Oranges—$5®o. 50. Bananas—$1.50®2 bunch. Limes—$1®1.26 per 100. New Apples—$1®1.25 per hamper. Maiden Blush apples in barrels, $4.50. Peanuts—5H®8Vic pe£ lb. Home Grown Tomatoes—75c. Irish Potatoes—75c per bu. Virginia Potatoes—Cobblers In 11 peck barrels. $2. Egg Plants—Alabama, $1.60 per crate. Northern Onions—Per lb., 2c. New Cabbage—l%c lb. Green Beans—% bu. baskets, 76® 90c. Alabama Onions—$1®1.25 crate. Florida f^quash—$2.50 hamper. Home Grown Cucumbers—Per half bushel basket, 25®50c. London J.#ayer Basins—$1.75. New Sweet Potatoes—$1.25 per hamper: bbl., $2.50. Figs—$1.50. Celery—Crate, $4.50; dozen, 90c. Lettuce—Dozen, 90c. Malaga Grapes—$1.75. Sugar Granulated sugar, $6.25 per cwt., f. o. b., Birmingham. Choice Rice—$5.60 per cwt. Fancy Rice—$0.00 per cwt. Extra Fancy—$0.50 per cwt. Grits—$2.25 per 90-lb. bag. Sugar is being sold by Birmingham re tailers at from 12 to 15 pounds for $1. Flour and Feedatuffs (Wholesale Quotations.) Self-rising flour, $6.40; Tennessee flour, $6: Michigan flour, *7; Idaho flour, $6; Indiana flour, $6.26; hard winter wheat flour, $6.65; shorts. $33; pure wheat bran, $29; C. S. meal, 784 per cent, $29; Cremo meal, $26; C. S, hulls, $10 per ton; No. 1 timothy hay, $26 per ton; pea green al falfa, western, $22; southern alfalfa, lit; mixed feeds, per ton, $36; oats, per bushel, No. 2 white, 61e; Texas oats, 63c; corn, per bushel, $1.03; cornmeal, $1.95 per two bushel sack; chops, $1.96. Hides and Tallow (Dealers' Buying Offer.) Green Salt Hidee—13®16c. Green Salt Hides (half cured)—14015c. Green Hides (fresh)—13014c. Dry Flint Hides—27®28c. Dry Salt Hides—26016c. Damaged Hfdes—Half price. Sheep Skins—26060c. Horse Hldes-$2©3. Sherllngs—16025c. Goat Skins—30@33c. Kid Skins—10c. Tallow—606c. Beeswax—26027c. Washed \Voc6—35038c. Clear Unwashed Wool—25023c. Burry Wool—17020c. Ginseng, wild—$500, Spot Cotton Strict good middling . 1274 Good middling . 12^ Strict middling . 12i(, Middling . 11^ The Iron Market IP .$12.00012.30 2F . 11.50012.00 3F . 11.00011.50 Gray Forge . 10.50011.00 38 . 12.00012.50 28 . 11.50012,00 C. F. Avery Member New Orleans Cotton Exchange Orders executed on any exchange subject to the Alabama statutes and "United States Cotton Futures Act.” Investment securities, grain and provisions. Private wire connections. £ CUr**Oo.New Orleans E- F. Hutton * Co.New York King Farnunr* Co.Chicago Phone Main MT. Ml WMmri Mr BEARISH INFLUENCE IN WHEATMARKET Accurate Forecasts of Gov ernment Had a Decided Effect on Prices Chicago, October 7.—Accurate forecast* that the government estimate of th| spring crop would be decidedly larger than a month ago had a nearlsh influence today on the price of wheat. As a re sult, the market was on the downgrade most of the session, and closed unset tled, %01%c net lower, with December at $1.06 and May at $1.06%. Corn finished unchanged to %c higher; oats up %0%c and provisions varying from 2%e decline to a rise of 32%c. Wheat speculators appeared at first to have overlooked the prospect that the Washington report would not take into consideration the damage done to the spring crop this week, and that $*ie esti mate of the yield would therefore almost certainly be more flattering than the tiade might otherwise expect. A renewal of yesterday’s buying rush took place as soon as the market opened, but the con sequent upturn in prices led quickly to a general selling movement and to a sharp reaction that lasted through the rest of* the day. In this connection, ieports were current that farmers in the northwest and in Kansas were letting go of stored wheat very freely us compared with what has recently been the case. Although evening up of trades to pre pare for the expected bearish showing of the government report was mainly respon sible for the depression of wheat, the mar ket was also affected by assertions that foieigners and exporters were reselling at Winnipeg. Besides, cables were gener ally reported as disappointing to holders on this side of the Atlantic. Corn developed strength owing to the outlook for freezing weather. Teh down turn in wheat, though, tended to induce liberal sales to take profits. Am a rule, guesses on the Washington report as to corn went wrong. Oats acted in sympathy with corn. Rural oflerirgs were scarce. Ilogs, with prices at the highest point in more than a year, mude the provision market score again. Selling by packers afterward caused a slight setback for lard. Future quotations were as follows: W h cat— ~ b pern High. Low. Close" Dec . 1.06% L0?% l704% L05% May .-1.08% 1.10% 1.06% 1.06% Corn— Dec . 67 68% 67 57% May . 58% 50% 58% 58% Oats—• Dec . 37% 37% 37 37 May . 39% 39% 39% 39% Pork Dec .14.50 14.75 1 4.40 1 4.65 Jan . 17.40 17.60 17.22 17.30 Lard— Nov . 9.25 9.25 9.15 9.15 Jan . 9.40 9.40 9.3,0 9.30 Ribs— Oct . 9.20 9.27 9.17 9.27 Jan . 9.42 9.45 9.37 9.40 Produce Market New York, October 7.—Butter: Receipts. 7631; firm; creamery extras, 92 score, 29c; creamery, higher scoring, 29%09Oo; firsts. 26%®28%c. Egg*, steady; receipts, 11,940. Fresh gathered, extras, 85098c; extra firsts, 33034c; firsts. 28082c; seconds, 23%0 27c. Cheese, steady; receipts. 672. .State whole milk, fresh flats, white specials, 15c. State whole milk, colored, 15@15%c; white and colored average fancy, 14%0) 14%c. Chicago, October 7.—Butter unchanged. Eggs, unchanged; receipts, 2168 eases. Po tatoes higher: receipts, 36 cars. Michigan and Wisconsin whites, 56068c; Minnesota white. 5S@60c; Minnesota and Ohios, 3S 060c. Poultry, live lower; fowls, 13c; springs, 13%c. St. Louis. October 7.—Poultry unchanged except springs, 12%c. Butter and eggs un changed. Kansas City, October 7.—Butter, eggs and poultry unchanged. St. Louis Grain St. Louis, October 7.—Wheat. No. 2 red. $1.1901.21; No. 2 hard nominal; December, $1.0601.06%; May. $1.0601.06%. Com, No. 2 hard. 6O%061c; No. 2 white, 6O%0)61%c; December, 54%©-54%; May, 61%. Oats, No. 2. 35c; No. 2 white nominal; December, 35%o; May. 37%c. Kansas City Grain Kansas Cits’. October 7.—Wheat, No. 2 hard. tl.Utjl.14: No. 2 red. $1.15®d.l8. Corn, No. 2 mixed, 67@68c; No. 2 white. 58c; No. 2 yellow, 58c. Oats, No. 2 white, 3o@B0c; No. 2 mixed. 34<g34Uc. Chicago Grain Chicago. October 7.—Wheat, No. 2 red nominal; No. 3 red, tl.12ttl.13U; No. 2 hard, $1.12; No. 3 hard. tl.l0®l.U. Corn, No. 2 yellow. 64®64u.c; No. 4 white, 62U?j) 63c. Oak. No. 3 white, 34U®'38Uc; stand ard, 38U®39c. Rye. No. 2, 96H'-. Barles. 62®«2c. Timothy, $email@example.com. Clover. $9©13. Pork, $14.42. Lard, 9.56. Ribs, $firstname.lastname@example.org. Rice Market New Orleans, October 7.—Rice continued steady today. Receipts, rough, 2136; e'ean, 500; millers. 2138. gales, 839 sacks rough Honduras at email@example.com; 1191 sacks Japan at 3.25(?t3.72c; 409 pockefk clean Honduras at 2»4'8'4 7-16c. Quote: Rough Honduras. 2.26713.50c; Japan. firstname.lastname@example.org; others un changed. MUCH LESS ACTIVE Early Decline Followed by Sharp Rally, But Eases Off and Closes at Loss New' York, October 7.—An early decline in the cotton market today was followed by a sharp rally on apprehension of dam aging temperatures In the western belt, but after selling up from 12.74c to 13c for January, the market again eased off with that delivery dosing at 12.81c. while tho general list was finally steady at a net loas of from 8 to 11 points. The market was nervous and unsettled from the start, with general business less active. Cables were lower than due while the weather map failed to show the frosts that some had expected In the belt last night and after opening steady at a decline of 3 points to an advance of 1 point, tho market sold about 1.7 to 18 points under last night's closing figures. Liverpool was a considerable seller on this decline, which carried December con tracts off to 12.67c and March to 13.02c. Notwithstanding tho firm ruling of the stock market, there was also quite a good deal of Wall street liquidation, hut after the close of Liverpool offerings were less active end the market steadied on a scattering demand, which seemed to include some rebuying of recent sellers for long account. Following the publica tion of the western belt forecast, which called for colder weather, with frosts or oven freezing temperatures In various sec tions. this damage became decidedly more active and there was a sharp bulge in prices which carried December contracts up to 12.84c and March to 13.2Gc, but tho buying was not as aggressive or ns gen eral as It had been 'earlier In the week, while rcaJillng was again encountered around 13 cents for January and prices eased off sonco 18 to 20 points from the best In the late trading. A private cable reporting that a Liverpool statistician estimated tho world's consumption of American cotton for tho season at 12.600, OfO ba'cs seemed partly responsible for the early decline. - y _New York Cotton Futures __ High. Low. Close. October . TaTBO TOo i2.:i3 December . 12.84 12.57 12.B4 January . 13. oil 12.74 12.si March . 13.25 13.02 13.07 May . 13.43 -33,33 13.36 * " Port Cotton Market New Orleans; Middling, 13c; receipts. 7394; sales, 3515; stock. 166.666. Galveston; Receipts, 9230; exports 12 194; stock, 220,745. Mobile; Middling. 12.06c; receipts, 516; sales, 60; stock, 13,973. Savannah: Middling. 12c; receipts. 6791; sales, 2628; stock, 1S0.262. Charleston: Middling. 12c; receipts, 2494; stock, 82,401. Wilmington: Receipts. 1997; stock, 43,028. Texas City: Stock. 35,913. Norfolk: Middling. 12.13c; receipts, 2713 sales, 1139: stock. 41,907. Baltimore: Middling, 12c; stock, 5442. Boston: Middling. 12.45c; stock. 17,441. Philadelphia: Middling, 12.80c; stock, 1725. New York: Middling, 12.65c; exports. 4125. stock, 275,916. Minor ports: Receipts. 8854; exports, 8854: etock, 10,208. Total today: Receipts, 39,989; exports. 25.174; sales. 7332; stock, 1,077,675. Total for week: Receipts, 246,235; ex perts, 110 201. Total for season: Receipts, 1,2271,908; exports, 750,450. Interior Cotton Market Houston: Middling, 12.35c; receipts, 9503; shipments, 5168; sales. 2861; stock, 138,776. Memphis: Middling, 12.25c; receipts, 4;79; shipments, 1629; sales, 1600; stock, 75,958. | Augusta: Middling, 12.06c; receipts. 4059; [Shipments, 1491: sales. 1388; stock, 132,417. ; St. Louis: Middling, 12**c; receipts, 316; | shi^nents, 533; sales, 24; stock, 7614. Cincinnati: Receipts, 883; shipments, 584: (stock. 10.941. | Little Rock: Middling. 12.50c; receipts, 538: shipments, 662; stock, 10.229. Total today: Receipts. 20.078; shipments, 112.957; sales. 5873; stock, 375,835. Dry Goods Market New York. October It—Cotton goods to day were firm. Yarns were firm and trade active. Raw silk was active at top prices. Wool stocks are low, it is stated | in the trade and the mills are busy. Avery’s Cotton Letter Birmingham. October 7.—(Special?)—It was a two-sided cotton market again to day. Bears had their inning early’ on a poor Liverpool and the bulls had theirs on a forecast for colder weather with predictions of frost. Between the two. it was like the King of France, who "marched 10.000 men up the hill and marched them right down again.” A two-sided market is always a healthy one. When a market gets into a condition where one set of bulls have to sell out to another It always gets top heavy with the result that sharp breaks are always Imminent. The middle man In spots is terribly pes simistic because he cannot sell dny cotton to the spinners. The spinner is bolding off, hoping for a break so that he ran force the middle man to sell him cotton at cheaper prices. Meantime he has pro tected himself from funner advance bv - _GOLD COUPON a| WATER SET COUPONls 2 ageT-hekald £ D Finest thin Tin'“rd 7 ■> blown plus 8j4 inches high L _ beautifully Six Glines _ decorated , C in Venetian hslf-pwts v Gold. I DpFREE—i v Year Iniriil ties A — in Venidin Gold mm on each piece If E Lss V F V g ROW TO GET IT - 7 'ST for STtET? 98c. H 6 for °“*T“ 59c.\ T “ , MAIL ORDERS WILL ADD FOR POSTAGEi i “ i i'-msam'* s mm fiF grtsttr dutmmttt ill ferfaiifw mmm . CROSS OUT WITH AN “X” INITIAL DESIRED „ J KILIM | N I 0 I P I g~~l" Every render of THE BIRMINGHAM AGE-HERALD Is entitled to a set Present or mall coupons to the following well known drug ■tores, which have consented to distribute the sets without profit to themselves: 0 AVERYT DRUG COMPANY STORES, 109-111 N. 20th street. Bir mingham; 1901 Avenue E, Enaley; 114 Id street. Pratt City. buying futures. Thla condlti u of affairs has brought about something n dead lock between the two; meanwhile the farmer has it within his power to fore* the spinner to buy by marketing his cot ton slowly. 'He should do this out of consideration not only for himself, in or der to Insure good prices for the rem nants of his crop, hut tor the spinner, who lias paid him full prices on the way up. and who at the present time Is bear ing the gulden of the tight with the spin ner. News .from the interior indicated there was no weakening on the part of holders, and tlie only f>ieee of bear news of the i day that received any consideration was the estimate of a 12,600.000-bale consump tion figure by Mr. Ellison of Liverpool. These figures are absolutely silly. There, wo^o 14,600.000 bales of American cotton consummed the past year in fact the greatest war the world has ever seen, demoralised shipping, higher freight rates; in feet, every possible thing was a^uinst anytlYng like a normal consumption. These figures, however, were straws at which the drowning bears eagerly clutched. If they can sit down in sober thought and look at the statistics of the consumption so far tills year and get any satisfaction out of their cogitations they are welcome to what comfort they find. These prices will look cheap a month hence. Hubbard Bros. & Co.’s Letter New York, October 7. (Special.)—The market today ruled quieter with & small net decline at the close, but with no decided tendency. 4 Liverpool was adversely affected by the Balkan situation which opens up new anx ieties over a situation which appears to he private fortunes agaist the desires of the nations. An English estimate of the cor sumption of American cotton of 12. 600,000 bales also had an adverse influence. On tlie other hand the weather prom ises to be bad from another gulf storm, while the forecasts of a heavy frost at one time advanced the market alVmt above the close of last evening. Alto gether the market was one of quick flue u.'tiona and small Transactions, with the local sentiment bullish, thongs there was some discussion as to whether tn© south would sell a large portion of their crop around 12c. State Board to Take Over Clifton Mines Tucson, Aria., October 7.—A resolu tion calling on the state board of con trol to seize the mines and smelters at Clifton, where 8000 miners are on strike for recognition of the union and a higher scale, ami operate them under the industrial peace act adopt ed by the initiative at the last election, j was passed today by delegates to the Arizona Federation of Labor holding its convention here. Resolutions against the national de fense movement and to the loan to the allies were passed. Easy Enough to Explain From the Chicago News. “The only thing T can find to say against you. .lane.” said her mistress, “Is lhat your washing idil is far too much. Last week, you had six waists 1 in the wash. Why. my own daughter never needs more than three." Jane—Ah, that may be, mum, hut 1 have to. Your daughter's sweetheart is a bank clerk, while my young man is a chimney sweep. It makes a dif ference, mum. MEN SHOW INTEREST IN NEW WATER SETS _ Enthusiasm for Remarkable House hold Offer Not Confined to Women Extraordinary interest has been dis played in he uhehold affairs by mm of latj^-lt shouldn't lie celled extraordinary, however, because It Is believed lhat men take a great deal more interest in the purchase of home things than they aro Uiven credit for. A very larye number of the readers of thla paper who have secured the Vene tian Oold-trlmmed and Initialed water sets now being distributed, have been men They show as much appreciation of the beauties and quality of the ware as the ladles express. The distribution of these sets has been rapid and attended with much enthusi asm. Another shipment had to be secured to supply this week's (treat demand Nearly every family that secures a set with pitcher, save extra coupons to ob tain more of the handsome tumblers. How to secure this set Is fully ex plained in the Water Het Coupon appear ing In The Age-Herald dally and In the display announcements. ■ ' 1 BIRMINGHAM. ENSLEY & BESSEMER RAIL ROAD COMPANY Reorganization To depositors under the bondholders' protective agreement In the above mat ter, dated September 15, 1914: Notice is hereby given that the un dersigned committee constituted by and acting under a certain boldhold ers' protective agreement dated the 15th day of September, 1914. between Charles H. Zehnder and others, as a committee, and such holders of first mortgage 5 per cent 30-year gold bonds of Birmingham, Ensley and Bessemer Bailroad company as berame parties thereto, have filed with Etnpiro Trust company, ns depositary, a plan and agreement for the reorganization of said Birmingham, Ensley and Besse mer Railroad company. Copies of said plan and agreement may bo procured by depositors from said depositary. Notice is further given* that, pur suant to the terms of said protective agreement, the committee has fixed the 26th day of October. 1915, as the date on or before which depositors not assenting to said plan and agree ment of reorganization may. subject to the terms of said protective agree ment, withdraw their bonds. Depos itors not withdrawing their honds on or before suld date shall be bound by salt! plan and agreement, as provided in said protective agreement. Dated, New York. September 15. 1919. CHARLES H. ZEHNDER, D. V SHERMAN. SAMUEL B V ROOM AN, J D. KIRKPATRICK. Committee. Empire Trust company, Depositary, 120 Broadway, New York city. y-2S-2S-10-1-5-8 | KINKY HAIR Attest*. 0». Efttteato M#AI«ln# Co., (1*ntl«m*n: 1 Mm •cndknf yoa my ptetur# toahow you wh*» TOUT_ exeunto GUlWIItl POMADE baa Aon# for my hair. Ilbta frown to M inoh«# Ion| and vary thick hair: It lasoftand allky, and can now B* up my hair thawap 1 want to.Itlaear taint?tha baat hair ■ rowar In tha wor M ttalao kaapa tha aealp ##ry ela#a. CE1.IA UEEEN. Don't lot lomo fake Kink Remover fool you. You really can't Straighten your hair until lt’» nice end long. That'* what EXELENTO QUININE POMADE does, removes Dandruff, feeds the Roots of the Heir, and makes it grow long, soft snd silky. After using It ■ few times you can tall tha difference, and after a little while it will bo so pretty and long that you can Hz It up any way you want to. If Exelento don’t do as we claim, wa will give you your money back. Try a box. 2&0 by mail on roceiot of stampe or com. , Price 25c at all drug stores in Birmingham, t— ■—1 Bat. lflTO Same Manner Wheeler Hotel Eutaw, Ala. r.IrctrlM Light and Call Bell In Every Itoom.W l.ucal nnd l.onii Dlatonca Telephone. Artesian Water, Vo-—J I & PRINTING S B’ham Publishing Co. Jne. C. Hanley, Jr. 170B 3d Ave. » w.