The age-herald. [volume], December 18, 1900, Page 7, Image 7

About The age-herald. [volume] (Birmingham, Ala.) 1897-1902

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

                
CULMINATION OF
BULL MOVEMENT
Indications Point to Transfer to
Bear Element
MANIPULATION MANIFEST
A Condition That Invariably Presents
Itself at the Pinacle of a Bull
Campaign—The Profession
al Element in Control.
' New York, Dec. 17.—The surface indica
tions in today’s stock market all go to
show that stocks were in very active course
oi transfer from the hands of strong to
those of weak holders. The culmination of
u rise invariably presents this condition,
but it is a condition which also occurs at
in. 'rvals in every long sustained upward
Stgy4vent. The conservative element, after
seeing i Certain profit assured, make it a
h.oitl > seL‘ and Lake a profit without re
gard a thj prospect of further advance.
Tr .ignt of influence then passes to the
b-ar party ar.d the upward course is not re
in wed um.l they have exhausted their best
efforts to push the reaction to a culmina
tion. What was evident today was that
powerful skillful manipulation wus at work
to make the opening prices as high as pos
sible to meet the fiood of outside buying
Oiders which was certain to come into the
market alter last week’s events. After the
enormous realization was in evidence e-arly
iii the day various attempts were made to
hold up the market by marking up the price
ot various individuals. As tne fact became
more and more evident that the sustaining
force of these individual movements was
taken advantage of to continue the unload
ing of heavy lines of long stock, the pro
feslsonal element on the exchange turned
(to the bear side. They were successful
in forcing a successful reaction, much re
ducing the gains that had been largest, and
completely wiping out a large number of
those that had only reached moderate pro
portions. Manipulation developoed at the
close again to rally the market by bidding
tip Northern Pacific to 78%7 a record price.
The shorts were buying to cover elsewhere,
so that the closing was generally steady,
.with the further course of the market very
/unsettled and doubtful. Today’s animated
outburst of outside speculation w'as the log
ical consequence of last week’s events. The
palpable fact that large banking and finan
cial interests were taking enormous lines
of various stocks and the developments of
Jthe week, pointing to far-reaching plans
jand the improvement of values, was off
set for a time by the apparently dangerous
condition of the money market, but the
showing in the Saturday’s bank statement
led to the conclusion that extraordinary
measures were being taken by powerful in
terests to conserve the ease of the money
market against the natural drain on its re
sources.
Bonds were not so active as stocks and
the movement of prices was irregular. Total
‘sales, par value, $6,360,000. United States
,3’s registered declined Vi; the 2’s advanced
and the 3’s coupon, Vi per cent, on the
last call.
■ New York, December 17.—Money on call
steady; 4®6 per cent.; last loan, 4 per cent.;
prime paper, 4%@5V& per cent; sterling ex
change weak w'ith actual business in bank
iers’ bills at 484V4 for demand and 480%@
4S0V6 for 60 days; posted rates, 481(0 481
And 485(0)485%; commercial bills, 480(0)480%.
Silver certificates, 64(065; bar silver, 64;
Mexican dollars, 50%. Government bonds
Irregular; State steady; railroad irregular.
| New York Stock Market.
1 (By Private Wire to Murphy & Co.)
Isis
McnK^ v 2 » ,1
K *• . ;
'American Tobacco .110% 110%T09 109%
Araer. Sugar Relining ..126 126% 121% 124%
Amer. Steel and Wire .. 43% 43% 43 43
'American Tobacco pfd.. 87% 87% 87 87
Brook. Rapid Transit .. 76% 79% 76% 7s%
Chic., Burl, and Quin ..137% 139% 138% 138%
Republic Steel .38% 39% 37% 38%
Federal Steel.53% 54% 63% 53%
Republic Steel pfd .67% 69% 68% 69
M., K. and T. pfd .40% 40% 40% 40%
Louisville and Nashville 85% 85% 85% 85%
Manhattan Elevated ....111% 113% 111% 113%
Missouri Pacific. 63 63% 62% 62%
Metropolitan Street Ry.170 174% 169% 172%
Northern Pacific pfd .... 85% 85% 85 85%
Northwestern .168 168 168 168
Reading.25% 25% 24% 25
Rock Island.118 118% 118 118%
St. Paul .132% 133 132% 132%
Southern Railway pfd.. 70% 70% 69% 69%
„Yenn. Coal and Iron .... 63 63 59% 62
Wabash pfd . 26 26% 25% 25%
Western Union.85% 86% 85% 86%
Bonds.
United States refunding 2s registered 104%
United States refunding 2s coupon.... 105%
United States 3s registered . 110
United States 3s coupon . 110
United States new 4s registered . 138%
United States new 4s coupon . 138'/*
United States old 4s registered . 114%
United States old 4s coupon . 115%
United States 5s registered .... .. 113%
United States 6s coupon .. 113%
Virginia Centuries . 95%
Financial
New York, December 17.—Commercial
iAdvertiser's London financial cablegram:
The market here was firmly active to
day, but was more or less affected by a
heavy slump in Westralian mines, which
may lead to severe trouble in the market.
'Americans were buoyant and active, clos
ing excited at the top, although the deal
ings were still mginly professional. Fa
vorites were Northern Pacifies, Atchisons,
Southerns and Erie preferred. There was
mO Initiative here, only implicit acceptance
of New York tips. New lork sold Ana
condas, disheartening operations here, but
Ito the general surprise iney bought Argen
tines and Brazilians. The bank got 150,000
pounds gold from South America and lost
H. D. COTHRAN & CO.
Members of Chicago Board of Trade and
, New Orleans Cotton Exchange.
Rooms 1 and 2 Alabama National Bank
Building.
t Private leased wires to New York, New
Prleans and Chicago.
COTTON, STOCKS AND GRAIN.
. purchases and sales are made direct
Bn the Exchange for which the order Is
^ Correspondents—J. H. Parker St Co.; C.
(W. Lee * CO.; Purnell, Hagaman 55 Co.,
New York; Fairchild & Hobson, New Or
leans; Ware & Leland, Chicago.
References—First National Bank of Bir
mingham; First, National Bank of Rome,
pa.
TELEPHONE No. 1145.
I Special attention given to orders over
telephone and orders sent from out of the
eitjr.
MORPHY & CO.
(Incorporated)
ALABAMA NATIONAL BANK B’LD'q
I'liTate LfBFrd Wires Direct to New York
New Orleans and Chicago.
COTTON, STOCKS ^ GRAIN.
NEW YORK OFFICE-NO. 61 BROADWAY.
Offices in principal cities
throughout the c"n*li ——■
Write for our Market Manual and book con
taining instructions tor traders.
____PHONE No. 843.
65,000 pounds to the far East and 180,000 to
an unstated destination.
Fortnightly copi>er statistics show stocks
increased 345 and supplies decreased 43
tons. *
Chicago Change.
Chicago, December 17.—Corn again took
precedence on the Board of Trade today.
Anxious shorts forced the price of Decem
ber up to 39%c in their efforts to cover,
and it closed at 39%c, an advace of 2%c.
May also advanced %c. Wheat, weakened
by its own governing influence, was stead
ied by corn and closed unchanged. Oats
closed a shade higher and provisions
closed unchanged at 10c lower.
Articles |Opened | Highestl Low'estj Closing
Wht — | i i i
Dec .. ,.| 69%| 70%| 69%| 70%
Jan.| 70%| 70%| 70 | 70%
May 73 | 73%| 72%| 73%
Corn — | | | I
Dec .. ..| 37%i 39%| 37%| 30%
Jan.I 35%| 36%l 35%| 36%
May 35%j 36%| 35%| 36%
Oats — | | | I
Dec .. ,.| 21%| 21%! 21%| 21%
May 23%| 23%| 23%| 23%
Pork — | | | 1
Jan.| 12.17 | 12.20 | 12.12 | 12.15
May .. 12.07 | 12.10 | 12.02 | 12.15
Lard — | | | I
Dec .. ..| 7.05 I 7.10 | 7.05 | 7.07
Jan.| 6.85 | 6.87 | 6.85 | 6.85
May .. ,.| 6.90 | 6.92 | 6.90 | 6.90
Ribs-| | | 1
Jan.I 6.22 | 6.25 | 6.20 | 6.25
Mnv I 6.90 I 6 92 I 6.30 I 6.32
Cash quotations were as follows: Flour
dull; No. 3 spring wheat 65(7z'70%c, No. 2 red
72®74c. No. 2 corn 39c, No. 2 yellow corn
39c. No. 2 oats 22^4<7i>22%c, No. 2 white 25*4®
26c, No. 3 white 24%@26%c. No. 2 rye 43®
49c.’ Good feeding barley 49@56c, fair to
choice malting 57®59c. No. 1 northwestern
flaxseed $1.64® 1.Go. Prime timothy seed
$4.45(774.50. Mess pork per barrel $11.12®
11.25. Lard per 100 pounds $7.05®7.10. Short
rib sides, loose, $G.25(776.50. Dry salted shoul
ders, boxed, 5%@6%c. Short clear sides,
boxed, $6.60®6.70. Whisky, basis of high
wines, $1.27. Sugars—Cut loaf 6.22. granu
lated 5.70, confectioners’ A 5.55, off A 5.40.
Clover, contract grade, $10.00®10.25.
On the Produce Exchange today the but
ter market was dull; creamery 15®24c, dai
ry 13®20c. Cheese dull, 10'4@U%c. Eggs
dull; fresh 23%c.
locaiTmarkets,
Local Cotton Market.
Good middling .8
Middling .
Strict low middling.8%
The Iron Market.
IF .Jll.75@12.25
2F .11.25@11.50
3F .10.75011.00
4F . 10.25010.50
Grey forge . 10.25010.50
IS . 11.76012.25
2S .11.25@11.50
Local Stocks and Jonds.
Bid. Ask'd
First National Bank.HO •
B'ham Trust and Savings Bank..110 115
Ala. Trust and Savings Co.100 108
Jefferson County Bank......100 115
People's Savings Bank.95 100
Alabama National Bank .90 100
Berney National Bank . 90 95
Waterworks stock . nom •
B’hsm Waterworks bonds ...101 •
B. R. and E. Bonds. 98 101
B. R. & E. pfd stock. -. ! *
B, R. & E. common stock. ! *
Bessemer L. and I. Co. stock .. 18 lS^
B'ham Re’ty Co. Prl. lien bonds. 100 •
B'ham Realty Co. mort. bonds.. 75 80
B'ham Realty Co. pfd stock .... 70 75
B'ham Realty Co. com stock .... 13 15
North Birmingham Land Co.12 15
Old Ensley . 6 8
New Ensley . ! 100
The Ensley Co. ! 650
East Lake X.and Co.15 20
Ala. Steel & Ship Bldg, bonds .... ! 101
Ala. Steel & Ship Bldg pfd stock.. ! •
Ala. Steel & Ship Bldg com stock. ! •
Avondale Land Co.... ...... ...... 75 85
Birmingham Ice Co..56 •
Avondale M1U& ..... ...... ........ 75 90
Auditorium. I •
Indian Head Mins (cotton).90 •
Alabama State bonds, class A .. I 110
Alabama State bonds, class B .. ! 110
Alabama State bonds, class C .. ! 105
Alabama State bonds, funded ....105 110
•None offered.
INo bid. J
Birmingham City Bonds.
Bid. Asked.
6's, due 1917 .104
6’s, due 1918 .104 113
6 s. due 1919 .10544 113
5*8, due 1920 ,,m«* •••••• •••••«■, 97 108
6’s. due 1921 . 98 109
6’s, due 1921 ..— 107 113
rs. due 1922 . 108 114
6’s, due 1923 . 10* 114
6’s. due 1924 . 109 115
rs, due 1901 . ...... . Nominal.
6*8, due 1902 .. .Nominal.
Fruit and Produce.
Butter—White clover, pound prints, 27c;
Elgin (standard),. 28c; best creamery, 26c;
Mississippi best grade, 23c; good country,
20c: mixed country. 13013c.
Irish potatoes, 70c per bushel.
Sweet potatoes, while, 31.50; yellow yams
31.7602.
Apples, 32.7503.50 per barrel.
Bananas—Culls, 8ac@$l; straights 31.7502
per hunch.
Lemons, 32.2503.
Oranges, $3.1503.35.
Poultry—Best friers, 20c: medium, ICe;
hens. 25030c; ducks, Pekin, 30035c; puddle,
15020c; turkers on foot, 9c; drawn, head
and feet off, 1244c.
EgBS_Cold storage, 22c; fresh 2344024c.
Onions, 2440244c per pound.
Cabbage, 144c per pound.
Rutabas,10144c per pound,
Lima beans, 74403c per pound.
White peas, $2.26 per oushel.
Dried apples, 34405c per pound. v
Local Staple Groceries.
Flour—Best patent, $4.05; Tennessee pat
ent, $4.26; half patent, $3.75.
Sugar—Granulated, 694c; Y. C., 5c.
Coffee—Green. 1201344c; Arbuckle's pack
ages, $12.30; Lion packages, $11.30.
Cheese—New York full cream, 1344c.
Lard, 8c basis.
Meats—Clear rib sides, 744c; bacon bellies,
9c; dry salted bellies, 794c; best hams,
H54c; four X hams, 1044c; California hams,
8c; breakfast bacon, 1144c.
Molasses—Centrifugal. 15035c; sugar
house, 20035c; Georgia cane, 3744a
Rice—444c; fancy, 7o.
Corn, mixed, 64c; white, 57a
Meal—Jim Dandy, 90c; Joe Darter, 86c.
Hay—Choice timothy, $18.50; No. 1, $17.60;
clover mixed, $16.50; prairie, $11.50.
Oats—Mixed, 84c; white, 36c.
Bran—Mixed, $17.00; pure wheat, $18.50.
Cotton seed meal, $23.00
Unequalled, our 35c “Mer
chant’s Lunch,” every day,
11:30 to 2 P. M. The Arling
ton Cafe, 112 N. 19th St
NARROWNESS IN
COTTON MARKET
Trade Was Bent Shaping Ac
counts for Holidays
OPENED EASY AT A DECLINE
Disappointing Cables and Free Move
ment Gave Impetus to Bear Activ
ity—Close Was Steady With
Prices 22 Points Lower.
New York, Dec. 17.—Business in cotton
futures today was the smallest In recent
times and the trade was quite bent upon
placing accounts in shipshape for the holi
day season. Aside from the English mar
ket advices and the crop movement, there |
was little upon which new ventures could j
be based. The opening was very easy with
prices do-wn 4 to 13 points, under fairly'tlc
tive general selling, urged by disappoint
ment in the cables and the appearance of
more cotton at the ports than anticipated.
receipts were large, timid holders sold
out on the belief that a sharp further set
back would occur before the close. But fol
lowing the call a slight improvement re
sulted from room covering and persistent
buying for Southern account, the latter
said to be against large over sales in the
New Orleans market. Soon after the noon
hour the market settled decidedly under an
other spurt of selling from all quarters,
which had for its incentive large estimates
for tomorrow’s receipts at New Orleans
and Houston and reports that considerable
lines of cotton had been shipped from New
Orleans to New York for contract delivery.
Trading during the rest of the afternoon
was inclined to drag, with neither side
striving for supremacy. Wall street houses
were moderate sellers all day; Europe sold
around the opening, but later bought. The
market was finally steady, with prices net
5 to 22 points lower.
New York, Dec. 17.—Cotton quiet; mid
dling, 10c; net receipts, 1284; gross, 8520;
sales, 900; stock, 55,'’931; exports to Great
Britain, 331; continent, 1273.
Total today: Net receipts, 47,309; exports
to Great Britain, 12,475; continent, 15,201;
stock, 914,663.
Consolidated: Net receipts, 96,158; exports
to Great Britain, 40,386; to France 8150; to .
the continent.
Total since September 1: Net receipts, 4,
057,956; exports to Great Britain, 1,510,704;
to France, 320,225; to the continent, 1,028,109.
New Orleans Cotton Market.
New Orleans, December 17.—Cotton quiet;
sales, 4450. Ordinary, 7%c; good ordinary,
8%c; low middling, 9c; middling, 9%c; good
middling, 9%c; middling fair, 9 15-16c; re
ceipts, 18,229; stock, 251,952.
Consolidated statement: Receipts, net
96,158; exports Great Britain, 40,386; France,
8150; continent, 27,574; stock, 914,663.
New Orleans, December 17.—Cotton—Fu
tures steady; December 9.25 bid; January,
9.19®9.20; February, 9.16&9.18; March, 9.13®
9.14; April, 9.11®9.13; May, 9.10&9.11; June,
9.08®9.09; July, 9.06@9.07.
Daily Statement.
Galveston—Quiet and steady; middling,
9%c; receipts, 13,784; stock, 238,271.
Mobile—Quiet; middling, 9*4c; sales, 200;
receipts, 863; stock, 40,07L
Savannah—Quiet; middling, 9 5-16c; sales,
192; receipts, 6552; stock, 608.
Charleston—Firm; middling, 9*4c; re
ceipts, 800; stock, 16,173.
Wilmington—Firm; middling, 9M>c; re
ceipts, .134; stock, 15,386.
Norfolk—Quiet; middling, 9%c; sales, 354; 1
receipts, 2684; stock, 40,097.
Baltimore—Nominal; middling, 10c; stock,
12,578.
Boston—Quiet; middling, 10*/sc; receipts,
net, 2422• gross, 11,922.
Philadelphia—Quiet; middling, 10*4c; re
ceipts, 84; stock, 5310.
St. Louis—Dull; middling, 9%C; sales, 100;
receipts, 6966; stock, 67,641.
Memphis—Quiet; middling, 9*/£c; receipts,
10,555; shipments, 8571; sales, 1400; stock,
141,066.
Liverpool Cotton Market.
Liverpool, Dec. 17.4 p. m.—Cotton, quiet;
prices, l-32d; lower American middling fair,
5 25-32d; good middling, 5 15-32d; middling,
5%d; low middling, 5 3-16d; good ordinary,
4 15-16d; ordinary, 4 ll-16d. The sales of the
day were 6000 bales, of which 500 were for
speculation and export and included 5600.
Receipts, 16.UO0, including 12,000 American.
American middling, L. M. C.: December,
5.18 buyer; December-January, 5.16 seller;
January-February, 5.14 seller; February
March, 5.11 buyer; March-April, 5.09 seller;
April-May, 5.06®5.07 buyer; M-ay-June, 5.04®
5.05-seller; June-July, 5.02 seller; July-Au
gust, 4.63@4.65 seller; August-September, 4.50
seller.
Dry Good ..
New York, Dec. 17.—There was a moder
ade attendance of buyers today in the dry
goods market and spot business was quiet
in all departments. No change in prices of
brown bleacheu or coarse colored cottons.
Print cloths quiet, but steady. Prints in
average demand at previous prices. Ging
hams firm, but quiet. Orders for woolen
goods keep up last week’s Improvement
and tone occasionally firmer.
New York Cotton Futures
By Private Wire to H. D. Cothran & Co.
2 * £ Q~
MONTHS g | S »
ir. :
January.9.49 9.55 9.40 9.41
February.9.37 9.39 9.28 9.28
March.9.33 9.38 9.24 9.26
April.9.18 9.28 9.1(f 9.20
May.9.26 9.30 9.15 9.16
June. 9.13
July.9.22 9.24 9.11 9.il
August.8.97 8.99 8.88 8.90
September.8.42 8.46 8.33 i.M
October. 7.95
November. | M
December.9.67 9.67 9.55 o.aa
Cotton Letter.
New Orleans, December 17.—A poor re
sponse was furnished by Llverpol to our ad
vance Saturday. Futures only closed there
1-64 up, with spots off 1-32 on sales of 6000
bales. In consequence of disappointing
cables, American markets opened lower,
New Orleans trading at 4@8 points loss,
March selling 9.20. In the early morning
there was renewed covering by shorts In
New York, when the market was lifted
some 5 points, March here selling 9.25, but
the coveting movement soon spent Itself,
and as this was the only sustaining feature,
prices gradually sought a lower level. To
morrow's estimated receipts at New Orleans
and Houston, as well as a free movement
for the day at ports were also Instrumental
in forcing a lower level. News firom the dry
goods centers is not encouraging; neither Is
cloth market favorable to prices, as unsea
sonable weather Is affeotlng both markets.
Sales of print oloths for the week at Fall
River are reported as light, with 64's un
changed at SH. Trade news #rom Manches
ter Is of a more favorable character. It is
Claimed that views are divided as regard*
DR. Y. E, HOLLOWAY,
Physician and Surgeon.
Young physicians
ajpi the lesser tights
of Bite medical pro
fession, probably for
the want of other
practice, try to cre
ate the impression
that they are expert
in the treatment of
private diseases.
They delight in tell
1 ing people that doc
V tors wnu y
ace quacks ana im
posters. Now, for the information cf the
above experts I will state so they will know
not to tell any more lies, except they do so
wilfully and maliciously, that until I com
menced to exclusively treat private dis
eases as a specialty 1 was a member of the
State Medical Association; also secretary
of the Cullman County Medical Society ana
one of its board of censors, or medical ex
aminers. (See Transactions of Medical As
sociation of Alabama. 1887. for nroof). I will
atlll give special attention to private trou
bles, and also treat at my office patients
with any disease they may trust to my
care.
I refer you with permission to First Na
tional Bank. Alabama National Bank, Jef
ferson County Savings Bank and Steiner
Bros., Bankers, as to my responsibility far
my contracts. T cure many patients by mall
treatment. Write for prices ard terms. Ad
dress Dr. Y. E. Iloiloway, 1801ft Second
avenue, Birmingham, Ala.
Office, Second avenue and Eighteenth
opposite postoffice.
Office hours, S:30 a. m. to 5:30 p. m. Sun
days, 10 a. m. to 15 m.
the American cotton crop, and there is a
tendency to support the estimate of lOftc.
Business with all British possessions is ire
ported as improving, and export movement
of the finished article to China shows im
provement, and that additional inquiries In
dicate more cherful conditions. Returning
to futures, it would seem that receipts are
large enough to prevent any marked ad
vance, and as we aire approaching holidays
that will be closed and observed, bot'h at
home and abroad, leads us to believe that
shorts will have the better of the situation
until after the holidays. We close 12 points
lower than highest of today and 12 points
lower t'han Saturday’s closing. Spots, how
ever, remain unchanged, with sales of 1400
bales; to arrive 3050; middling 9}ac.
Live Stock Market.
Chicago, December 17.—Cattle receipts 21,
000, including 7oo Texans; generally lOJiluc
lower, except handy light butchers' stock
and Texans; natives, best on sale, 585; good
to prime steers $5,204)6.10; poor to medium
$3.Go(p5.10; selected feeders $3,094)4.25; mixed
Stockers $2,404)3.75; cows $2.3uiu 1.25; heifers
$2,094)4.00; canners $1,704)211.40; bulls $2,504)
4.50; calves $44)5.50.
Texan reoeits 7uo; best on sale today one
carload, at $3.40; Texas led steers $44)4.80;
Texas grass steers $3,254)4; Texas bulls $2.40
4)3.15.
Hog receipts todjjy 41,000; opened shade
lower; closed weak 54)10e lower; tup $4.97%;
mixed and bulc'hors $4,654)4.97%; good to
choice heavy $1,754)4.95; rough heavy $4,004)
4.7u; light $4,654)4.92%; guud to choice heavy
$1,754)4.95; rough heavy $1,604)4.70; light
$4,054)4.92%; bulk of sales $4,754)4.90.
Sheep recei)>ts 25,o0o; sheep and lambs 104)
30c lowei'; good to choice wef'hers $3,904)4.60;
fair to choice mixed $3.604)3.9o; western
sheep $3,904)4.50; Texas sheep $2,254)3.50; na
tive lambs $41)3.35; western lambs $4,754?
5.60.
Cincinnati, December 17.—Hogs steady,
$3,754)4.90. Cattle strong, $'2,254)5.60. Sheep
slow, $1.254)3.75. Lambs steady, $3,504)5.25.
Sugar and Coffee
New York, December 17.—Sugar—Raw
steady; retined yulel.
Coffee—Spot Rio barely steady; No. 7 in
voice 7. Mild, quiet; Cordova, 9%4)13Vi
The market for coffee futures opened
steady with prices 5 points lower to 5
points higher, while generally steady ruled
quiet much of the session with little varia
tions. Sentiment was bearish on big crop
estimates, large Brazilian receipts, pool
spot demand and dearth of investment or
ders. The close was steady at net un
changed prices to 5 points lower. Total
sales, 28,690 bags, including December,,
5.65, January, 5.65; February, 5.75; March,
5.89; May, 5.9U; June, 5.9U; July, 5.95; Au
gust, 6.05; September, 0.054)0.10; October,
6.051)6.10; October, 0.054)6.10.
Murphy & Co.’s Cotton Letter.
New York, December 17.—Liverpool was
rather disapponting this morning, both on
futures and spots, former being practical
ly unchanged; spot demand dull; sales,
6,000 hales; middling, 5 13-32d. We opened
on a range of 8 to 12 points lower. Shorts
were again principal buyers and particu
larly in January option, which opened at
9.49 and gradually advanced to 9.55. Re
ceipts were again great and particularly
estimates for tomorrow at New Orleans
and Houston, which encouraged liquida
tion by recent buyers. The market had lit
tle snap today. There Is also less talk
about manipulation of January option. It
is also reported that considerable amount
of cotton of low grades will be shipped to
New York for delivery on December and
January contracts. * The market closed at
about lowest for the day. Estimated port
receipts. 48,000 vs. 36,000; New Orleans to
morrow, 13,000 vs. 11,548; Houston, 26,000 vs.
18.331.
Treasury Statement.
Washington. December 17.—Today's
statement of the treasury's balance In the
general fund exclusive of the $150,000,000
gold reserve In the division of redemptions
shows available cash balance $140,665,829;
gold, $99,556,721.
Metal Market.
New York, Deoember 17.—Tin $26.50; cop
per dull; lead dull and nominally un
changed at $4.37%. Spelter dull, $4.15®4.20.
Pig iron warrants steady, $9.50@10.50.
Notice.
Birmingham, Ala.. Dec. 7, 1900.
A meeting of the stocknolders of the Ber
ne y National Bank will be held at its bank
ing house In Birmingham, Ala., at 12 m. on
Tuesday, January 8, 1901, for the election of
directors for tho ensuing year, and for the
transaction of such other business as may
come before the meeting. At this meeting
the stockholders will be asked to amend the
articles of incorporation so as to reduce the
number of directors to such number as they
may deem proper, not loss than five.
W. W. CRAWFORD,
12-8-lmo. Cashier.
Stockholders’ Meeting.
Birmingham, Ala., Dec. 7, 1900.
The annual meeting of the stockholder*
of the Birmingham Railway, Light and
Power Company will bo held at the office
of the company In Birmingham, Ala., at
12 m. on Tuesday, the 18th day of Decem
ber, 1900, for the purpose of electing a
Board of Directors to serve for the ensuing
year, and for the transaction of such other
business as may properly come before such
meeting. Transfer books- of the company
will be closed December 15. and remain
closed until December 18, 1900.
ROBT. JEMISON, Vice Pres.
J. P. Ross, Sec’y. 12-8-llt
Mrs. Winslow’s Soothing 8yrup.
Has been used for over FIFTY YEARS by
MILLIONS of MOTHERS for their CHIL
REN WHILE TEETHING, with PER
FECT SUCCES8.lt SOOTHES the CHILD,
SOFTENS the GUMS, ALLAYS all PAIN,
CURES WIND COLTC, 4ml Is the best rem
edy for DIARRHOEA. Sold by druggists
In every part of tho world. Be sura and
ask for “Mrs. Winslow's Soothing Syrup,"
and take no other kind. Twenty-five cents
a bottle.
THE FIRST NATIONAL BANK of Biiminghsn, Ala
At the Close of Business, September 5, 1900, as Rendered to the Comptroller of the
Currency.
RESOURCES.
Loans and discounts .$1,161.591.0"
Overdrafts . 1,186.06
United States bonds . 60,000.00
Other stocks and bonds . 47,900.22
Bank building . 61,000.00
Other real estate . 4,354.62
CASH.
vault .$391,236.15
With banks . 801,616.00
With U. S. treasurer ... 2,500.00
- 1,198,352.15
_ $2,801,384.04
LIABILITIES.
Capital Btock .* 250,000.00
Surplus and profits .. 107,219.28
Circulation . 50,000.00
DEPOSITS.
Individual .*2,034,553.74
Bank . 352,611.02
- 2.397.164.70
&,804,334.04
The Officers of this Bank will be pleased
to meet or correspond with those who con
template making changes or opening new
accounts.
omiLUS-N. J£. barker, President; J. JtL woodward, vice xTcsiueni; w. r.
Harding, Second Vice President; Tom O. Smith," Cashier; J. H. Barr, Assistant
Cashier.
DIRECTORS—T. T. Hillman. E. M. Tutwiler. B. F. Moore, F. D. Nabors, Rob
ert Jemison. Erskine Ramsay, T. H Mol ton, W illiam A. W alker. W. 8. Brown. N.
E Barker. F. M. Jackson. _
BANKING HOUSE OF
STEINER BROTHERS.
Issues Letters of Credit and Drafts, payable In all parts of the civilized world.
Wre are agents for the best and fastest Steamship Lines plying between the Old
and the New VTorld.
Banking in ail its branches. Interest paid on Savings Deposits.
Loans negotiated. Investment Recur lties bought and sold.
-- L --
WILL VOTE DIRECT
FOR CITY OFFICERS
Pratt City Adopts the Birming
ham Plan—Other Items
of Interest
Pratt City, December 17.—(Special.)—The
citizens’ meeting called by the executive
committee for the purpose of determining
as to whether the names of the chief of
: police, city attorney and city clerk should
or should not be placed upon the ticket
with the Mayor and Board of Aldermen
was called to order in the city hall by VV.
G. Powell, of the executive committee, at 8
o’clock tonight. After stating the call ha
called for nominations of officers, w’hich
resulted in the election of C. B. Comstock
as chairman and James A. Kirk as secre
tary.
The chair then recognized Rev. M. V. Dic
kinson, who offered a resolution placing the
names of the candidates for chief of police,
city attorney and city clerk on the official
ballot on January 12, and pledging the Al
dermen elected to elect the candidates for
office receiving the highest vote. The mo
tion was carried by a vote of G2 ayes and
41 nays. Immediately upon the announce
ment of the result A. J. Reilly obtained the
floor and offered the following resolution:
“Resolved, That the action of a former
meeting in apportioning only one Alderman
each to North and East Highlands be re
considered.’’
This brought on a warm fight and there
were many speeches made for and against
the resolution. After much discussion the
chair finally ruled “that the meeting had
no jurisdiction over the action of a former
meeting which had acted and adjourned,
but that he would consider a motion as
emanating from this meeting only,” and
Mr. Dickinson then made the following mo
tion:
“That It is the sense of this meeting that
our Representative be authorized to give
North and East Highlands two Aldermen
each in the bill now’ on the calendar.”
The vote upon this resulted GG ayes, 58
nays, and the meeting then adjourned.
There will be a meeting of the City Coun
cil this evening, at which the Mayor and
other city officials will make their annual
report.
Rev. R. H. Latimer of Columbia, S. C.,
preached to appreciative audiences at both
the morning and evening services at the
Presbyterian Church yesterday. After the
evening service there was a meeting of the
congregation, at which the news of the
probable return of Mr. Marston was hailed
with joy by the congregation at large.
The funeral of Mrs. Kavinaugh, whose
sad death occurred yesterday by the acci
dental discharge of a pistol in the hands of
her nephew, took place today at St. Cathe
rine’s Church. The near friends of Mrs.
Kavinaugh desire to express their gratl
I tude for the many acts of kindness ex
tended them by the community, and espe
cially to the following gentlemen: John
Dugan, Hugh Lynch and Tom Mulligan.
Mrs. Kavinaugh had but one child, and no
i relative in America save the nephew In
whose hands the pistol was discharged.
There will be a lively competition be
tween the various squads of the volunteer
fire department for the handsome desk and
office chair offered to the squad receiving
the greatest number of votes for popularity
The Tuesday Evening Club will meet to
morrow evening with Mrs. Mitchell.
AMUSEMENTS.
Another one of Hoyt's clever comedies,
“A Midnight *Bell,” was presented at the
Jefferson Theatre last night to a large au
dience, but did not give entire satisfaction.
The comedy itself is not lacking in humor,
but the company could have been improved
upon. Several clever specialties were in
troduced and somewhat made up for other
deficiencies.
“Sis Hopkins.
Tonight Miss Rose Mellville will be seen
at the Jefferson Theatre* in the title ^ole in
the new comedy, “Sis Hopkins.” In speak
ing of this performance the St. Paul, Minn.,
Dispatch says:
“If there were many farmers in the audi
ence at the Grand last night they must
have recognized how true to live is the story
and the action of ‘Sis Hopkins.’
“The little comedy is truly rural, and is
as Hoosierlike as one would expect from
Indiana. Anybody who has ever been in In
diana can testify to that, for the charac
teristics of that section of the country were
brought out in strong fashion. It was not a
mere matter of the dialect that rules on the
Wabash or the clothes that do service there
for long terms of years, but even the loud
manner of talking and the free and easy,
unconventional haWts of the people are in
evidence. Nobody ever speaks in a low tone
of voice in the State of Indiana, nor ever
shows bashfulness, except In a temporary,
unnatural way. To all these characteristics
‘Sis Hoxikins' is faithful.
“The comedy features are numerous and
pleasing, and there is music enough in the
songs to suit the time and place. There
Is one slight touch of melodrama, with the
usual broken-hearted maiden and discom
fited villain and his confederate w'hich could
not be left out.”
“The Spider and Fly."
M. B. Leavitt’s production of ‘‘The Spider
and Fly” will be presented at the Jefferson
Theatre next Thursday. It is claimed that
the production is entirely now—nothing left
but the name. It ranges from songs from
opera to vaudeville and has been construct
ed largely for the purpose of letting almost
anything ever before done on the stage be
again repeated in this performance. A bar
gain day matinee will be given.
Southern Tour Opened.
Richmond, Va., December 17.—(Special.)-*
“Nathan Hale,” Clyde Fitch’s inspiring
revolutionary play, presenting Howard
lvyle and Nannette Comstock in the lead
ing roles, began its Southern tour at the
Academy tonight, directed by W. M. Wll
kison. The play made a profound impres
sion.
Of all the colonial plays now so prevalent
It ranks nmongst the best. It is simple,
direct and expertly dramatic. It is vibrant
with honest Americanism, devoid of blus
ter and buncombe. It does not draw Its
Inspiration from novelized fiction. Avoid
ing invidious comparisons and speaking
strictly within the merits of Mr. Kyle and
Miss Comstock, it is only fair to admit that
two better exponents of Nathan Hale and
Alice Adams could not be found, w'hlle the
excellent supporting company was a most
agreeable surprise. Mr. Kyle is manly,
forceful and dignified where necessary,
while his comedy touches are delightful.
Miss Comstock is sweet, girlish and alto
gether charming in th early comedy scenes
and powerfully convincing in the later
strenuous passages.
The scenic equipment is beautiful and Us
equal is rarely seen in plays offered in th®
South.
ELECT OFFICERS.
M agile Lodge of Knights of the Royal
Arch.
At the last meeting of Magic City Dodge
No. 1, Knights of the Royal Arch, the fol
lowing officers were elected for the ensu
ing term:
B. F. Oldham—Valiant Commander.
Thomas Bowers—Lieutenant Commander.
H. A. Tompert Grand Treasurer.
Will Hill—Chlef Orator.
Frank Cokeroft—Secretary.
Will Bowers—Captain of the Guards.
H. Vallady—Tyler.
J. Yagar—Grand Master of Ceremonies.
James \Vrilson, Sam Woucester and L.
Schilllnger—Trustees.
Zeke Solomon—Representative to Grand
Lodge.
A. K. Campbell and II. A. Tompert—Al
ternates.
ARBITRATION CONFERENCE.
Bitter Opponents Meet Together in
Common Cause.
Chicago, 111., Dec. 17.—Men who in the
past have bitterly opposed each other in
industrial contests tilled Steinway Hall at
tonight’s session of the conference on con
ciliation and arbitration, which began hero
today. Both the day and night sessions
were taken up with papers read by repre
sentatives of'capital and labor, looking to
the same end—a cure for strikes. From
the tone of the address it seemed plainly
evident that both sides were vigorously op
posed to compulsory arbitration, and if a
recommendation on the subject of a na
tional board results from the present gath
ering the recommendation will in all prob
ability specify all the board's work shall be
along the line of voluntary arbitration.
The night session was called to order at
8 o’clock. After a few Introductory remarks
by Franklin MacVeagh, the presiding offi
cer, Henry W. White, president of the Na
tional Founders’ Association, was Intro
duced.
The next speaker after Mr. Hoyt was
Samuel Gompers, president of the Ameri
can Federation of Labor.
The session adjourned till tomorrow after
an address by Henry White, general sec
retary United Garment Workers of Amer
ica.
ENRAGED CITIZENS
Are Scouring the Woods for a Negro
Brute.
Chattanooga, Tenn., December 17. — A,
pcsse of enraged cltisens of Cohuttah, Ga.,
a station on the Southern Railway near
here, are scouring the woods In quest of a
negro rapist who assaulted Miss .Annie
Neal, the 16-year-old daughter of John
Neal, a well-to-do farmer of that neigh
borhood, at 8 o’clock last night.
The negro choked his victim into insensi
bility, accomplished his purpose and then
covered the unconscious girl with leave*
and set fire to them. A passerby saw thq
fire and went to the rescue In time to save
the girl's life. She Is now In a critical con
dition. The negro will be lynched when
caught.
CONGRESSMAN BANKHEAD
Greatly Handicaped In His Work for
Alabama Rivers.
Washington, December 17.—(Special.)—It
Is reported that Congressman Bankhead of
Alabama says that he Is greatly handi
capped in securing a roper allotment of ap
pointments for rivers and harbors for Ala
bama by the fact that no survey or es
timated cost for the Improvement of the
Tombtgbee river below Demopolls has been
received, and that trne river and harbor bill
will not be reported until after the holi
days.
Reduced Rate Via Central of Georgia
Railway.
To Orark, Ala., rate of one fare and one
third on certificate plan, account Alabama
Conference of M. E. church. South, Decem
ber 12 to 18, 1900.
To Eufala, Ala., rate of one fare and one
third on certificate plan, account Alabam
Conference A. M. E. church, December 12
to 18, 1900. Solon Jacobs, Commercial
Agent, W. D. Hammet, Traveling Passen
ger Agent, 1921 First avenue, Birmingham,