Newark evening star and Newark advertiser. [volume], February 02, 1911, LAST EDITION, Page 13, Image 13

About Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916

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MARKET CLOSES
ACTIVE; EARLY
_. LOST
I rading Irregular, Suggestive of
ProfiMaking and Short
Selling.
NEW YORK, Feb. 2.—Some lieavi
. uess was shown by the active stocks
at the opening of the market today.
Northern Pacific and Canadian Pacific
receded % each, and Louisville and
Nashville lost a full point. U. S. Steel
and Union Pacific declined over % a
point. St. Paul and Great Northern
ore certificates advanced a point each;
Colorado and Southern %, and Amalga
mated copper %.
, 11 a. m.—The market had a slight
setback, but the appearance of large
buying orders for Reading, the Hill
stocks and trie Copper group rallied the
list briskly. Amalgamated Copper ad
vanced 1% to 6G%, and tire at Northern
preferred and several specialties a
point.
Noon—Reading and Missouri Pacific
were the predominant points of strength
in the second hour. Both issues were
In steady demand and advanced ma
terially, although the tone of the gen
eral list was heavy. The w eakness dis
played by the market was attributed
* to a large reduction In the short In
terest, owing to the general covering
on the recent advances. Reading ob
tained much of its strength in support
from Philadelphia, and the rise In Mis
souri Pacific revived discussion of a
possible change in management. Hill
slocks weru sold heavily. Northern
Pacific sagging more than 2 points
below yesterday's closing Bonds w'ere
steady.
L p. m.—A buying movement in Union
Pacific was begun In the noon hour,
and the stock rose 1%. Reading
crossed 160, making its rise 1%. These
movements affected the whole list,
. which rallied sharply.
2 p. in.—Trading fell off considerably
in the afternoon sesion, although the
market continued to harden. United
States Steel advanced a point to 61%,
and stocks of local public utility cor
porations w’ere stronger, as well as va
rious low-priced specialties.
:t p. m.-The market closed active
and barely steady. Further Irregularity
was shown In the last hour, the active
issues rising and falling within frac
tional limits', the list showing an un
certain undertone, suggestive either of
realizing for profits or renewal of short
celling.
Most of the speculative leaders were
under pressure In the final dealings,
t particularly United States Steel. Union
Pacific and Reading, wrhlch lost the
greater part of their gains. Pennsyl
vania was bought heavily at an ad
vance of over a point, and American
Sugar Jumped 3 points.
NEW YORK STOCK EXCHANGE,
Following are the quotations of the
day’s prices, as furnished through
Byrno & McDonnell, members of the
New York Stock Exchange:
< Open.High.Low.Close.
lAllls-Chalmers pf 33 33% 33 33'%
Amal Copper .... 65 66% 64% 6574
’ Am Agrl Chem... 51% 51% 51% 51%
Am Can . 974 10 97s 10
Am Can pf . 81% 82V4 81% 82
Am Car & Fdy... 56 56% 55% 56
Am Car & Fdy pf. 118 118 118 118
„ Am Cotton Oil.... 60% 61% 60% 6074
Am H & L pf.... 23% 23% 23% 23%
Am Ico Secur...J. 22 22% 22 22
Am Locomotive.... 42 42% 42 42%
Am Smelting. 80% 81% 80 81
Am Smelting pf.. 106 106 106 106
Am Sugar. 117% 120% 117% 120
Am Woolen . 33 337s 33 33
Am Woolen pf... 94 94% 94 94%
Anaconda . 39% 4074 397s 4074
At, T & S Fe. 106% 10774 10674 106%
At, T & S Fe pf.. 102% 10274 1027s 102%
Halt & Ohio. 106% 1067s 106% 106%
Brooklyn R T.... 7874 78% 78% 787*
Canadian Pac.... 209% 209% 209 209
Cent Leather. 3274 33 % 32% 33
Cent Leather pf.. 103% 104 103% 104
ches & Ohio. 8574 85% 85% 85%
Chi Gt Western.. 23% 23% 23% 23%
Chi. M & St P.... 132 132% 131% 132%
Chi & N W. 150 150 149% 149%
Col F & 1. 35% 36% 35% 35%
Col & Southern... 69% 59% 59% 59%
Con Gas. 143 14474 143 14474
D & H. 170 171% 170 171%
I), L & W. 525 525 525 525
Den & Rio Or. 3174 32% 3174 32%
Distillers’ Secur... 3674 3774 36% 3674
Erie . 29% 307s 29% 2974
Erie 1st pf. 48% 49% 48% 49
Erie 2d pf. 36% 38% 36% 38%
Fed M & S. 23% 23*4 237* 23%
Fed M & S pf.... 57% 58 57% 58
at Northern pf... 130% 131% 129% 129%
General Electric.. 164% 155 74 154% 16:'.%
Illinois Central.... 135% 135% 135% 135%
Interbor-Met . 19% 20% 1974 19%
'Jnterbor-Met pf... 5374 55% 63% 64
tntl S Pump pf.. 85% 85% 85% 85%
towa Central .... 19% 1974 1 974 1 9%
Iowa Central pf. 32% 32% 32% 32%
K C Southern .... 34% 35 34% 34%
K C Southern pf. 67 67 67 67
Louts & Nash . 145% 146% 145% 146
M. St P & S S M 138 138 138 ’ 138
Mo Pacific .. 62% 54 62 % 53%
Mo, K & Tex_ 35Vs 35% 35% 3574
Mo. K & T pf.... 66 67 66 67
National Biscuit. 12474 12574 1 2474 12474
National Lead .. 6774 59 57% 58Vs
N Y Central .... 11474 115 11474 115
N Y, O & W. 43 4 3 74 43 43
Norfolk . 10674 10774 10674 106%
North American.. 72% 72% 7174 717b
Northern Pacific.. 12774 128 126 12774
Pacific Mall. 26 28% 26 28%
Pennsylvania -129% 13074 129 130%
People’s Gas ..... 107% 10S 10774 107%
Pressed S Cal'. 34% 35% 347s 35%'
'Pressed S C pf.
Public Service.... 11674 118 116% 113
Ry Steel Sp. 35 37% 35 3774
Reading . 15074 160% 15874 15974
Rep I & S . 347s 36 34% 35
; Rock Island . 33% 3374 33 % 337*
Rock Island pf . 6474 65 6474 6474
Slops-Sheffield ... 54 5474 63 % 547*
:4t Louis S W pf. 6774 67 74 66 67', j
Southern Pacific . 1207* 121% 120% 120% j
Southern Ry . 287* 287« 28 381 „
Southern Rv pf.. 65% 66% 657s 66%
Twin City R T 110% 111 11074 111
rhird Ave . 10% 10% 1074 1074
Texas & Pacific •• 28 287* 28 2874
Tol. St L X- W.. 237, 23% 22% 2274
Tol, St L & W pf. 52 5 2 74 62 52 I
Union Pacific..... 178% 1807« 17874 17974
United Ry Inv- 447* 45 44% 44%
II S Rubber. 4174 4274 4174 4174
| U S StAel.- S»74 8174 8074 8174
If S Steel pf. 130 120*4 120 12074
Wabash \ 1« 1««
Wabash pf. 36% 36% 36 36%
Western Union.... 75% 75% -75% 75%
Westinghouse El.. 69% 70 69 79
•Ex-dividend.
MORE CANADIAN LAND
OPENED TO SETTLERS.
TORONTO, Feb. 2.—The general pas
senger department of the Grand Trunk
Pacific has been advised by the Can
adian department of the interior at '
Ottawa t,liat approximately 10.800 quar
ter sections surveyed in the Grand
prairie-Peace river district are now)
open for homestead entry. In addition. |
it is the intention to subdivide twenty
seven more during the present season, |
making in all about 15,000 quarter see- |
tlons for free homestead entry in 1911
in the Peace river country.
A new wagon road has been con
structed to the Grande prairie country,
a distance of 165 miles from Edson. By
this the settler will be able to travel
in comparative ease and at slight ex
pense from Edson in the course of a
week, where the former route via Ed
monton and Lesser .Slave lake occu
pied several months.
The Grand Trunk Pacific is taking
means to have adequate transporta
tion facilities between Winnipeg, Ed
monton and Edson to provide for the
largo trnmc expected.
ERIE TO ELIMINATE
THREE GRADE-CROSSINGS.
ALBANY, Feb. 2.—At an estimated j
expense of $560,000 the Up-State Public i
Service Commission has ordered, the I
elimination of three grade-crossing of
the Brie railroad in Jamestown.
The company will be required to pay
one-half of the expenses, the city ono
quartcr and the State one-quarter. This
was one of the largest applications for
grade-crossing eliminations pending be
fore tlie comm’sslon.
The consideration of the elimination
of two additional crossings in James- ;
town has been reserved for further j
action.
UNION PACIFIC MUST
PAY RICE SI0.000.
NEW YORK. Feb. 2.—Thomas F. j
Rice, a former assistant district attor- j
ney, recovered a Judgment for $10,000
against the Union Pacific railroad from
a jury before Supreme Court Justice
Giegerich yesterday for permanent in
juries sustained by him in the Union 1
station, Denver, in June, 1908.
JANUARY BREAKS
BANKRUPTCY RECORD, i
NEW YORK, Feb. 2.—United States |
Commissioner Gilchrist said yesterday ;
that January had more bankruptcies
than any month since the bankruptcy j
act was tn force.
There wero 162 bankruptcy petitions !
filed, which is 23 more than January,
1910, when there were 129 filed. There
were 126 in January, 1909; 123 in Jan
uary. 1908; 99 in January. 1907, and 125
in January, 1899, the first January after
the bankruptcy act was passed.
PRICES OF BONDS.
The following quotations were fur
nished by Post & Flagg:
Open.lllgh.Low.Closo
Allis-Chalmers 5s. 77% 78% 77% 78
N Y Air Brake 6s 102% 103% 102 102
Am T & T evt 4s 108% 108% 108% 108%
Am Tobacco 4s... 83 83% 83 83%
Am Tobacco 6s... 106% 106% 106% 106%
A, T & S F 4s. 99 99% 99 99
A. T & H F adj 4s 91% .
A, T & 8 F con 4s 108% 108% 108% 108%
A, T & S F con 6s 110% .
Atlantic C L 4s... 94% .
Balt & Ohio 4s.... 99 .
Brooklyn R T 4s.. 84 84 83% 83%
Can So 1st 6s.103% .
Cent of Ga 6s...*. 108 .
Cent Leather 5s.. 99% .
Ches & Ohio 6s... 113 .
Ches & Ohio coil.. 96 96% 95% 96%
C. B & Q 4s. 96 .
Chic* GW 4s... 84% .
C, R I & P old 4s 97 .
C. R I & P new 4s 74% 74% 74% 74%
Colo & South 4s... 9676 .
Colo & So 4%s.... 98% .j
Dis Co of Am 5s.. 77% 78 77% 78
Erie evt ser A.... 75% .
Erie G Mt L 4s... 74% .
General Elec cv.. 150 160% 150 15,%
Iowa Central 4s... 68% .
Interborough 4%s. 79 79% 79 79%
Int Paper 6s. 104 .
lilt Pump 5s. 93% 93% 93 93
Int M & M 4%s... 68% 68% 68% 6 %
K C, F S & M 4s. 78% 78% 78 78
K C Southern 3s. 74 .
Lake Shore 3%s... 89% .
Manhattan El 4s.. 96% .
Mo, K & T 4s. 97% .. .
Mo Pacific convt 93 93% 93 93%
N Y Central 3%s. 88"j .
N Y C & L S 3%s. 80% 80% 80% 80%
N Y, O & W 4s.. 96% .
Nor & West 4s... 98% .
N & West conv 4s 106% .
Ore S Line new 4s 93% .. ....
Penn, 1915s . 96% .j
Reading Gen 4s.. 97% 97% 97% 97%
Seaboard adj .... 76% 75% 75% 76% I
St L South 1st 4s 90% .
St L South consol 77% 78 77% 78
San A & Ar P 4s 87 87% 87 87%
So Pac conv 4s... 99 99 98% 99
Southern Ry 5s— 107% .
Southern Ry 4s... 77% ..
St Paul 4s. 99% ..
Union Pac com- 4s 105% 106% 105% 108%
U S Steel 8 F 6s 104% 105 104% 104%
U S Rubber 6s... 103% 103% 103% 103%
Wabash lsts. 109% .
Wabash 2ds . 99 .
Wabash 4s. 64% 65% 64% 65
West Maryland 4s 86% 86% 86% 86%
Westtnghouse cv. 92% .
PHILADELPHIA STOCK MARKET.
The following quotations were fur
nished by Elsele & King: Bid.Asked
American Ry Co . 44% 15 j
Cambria Iron . 45 46 ;
Cambria Steel . 44% 45
Storage . 65 55%
Elec Co of America . 12% 12%
E & P 4s . 87% 88
Lehigh Valley ... 89% 90 1-16
Lake Superior Corporation. 31% 31%''
Marsden . % 1
N J Con Tract 5s . 103% -
Philadelphia com. 53
Philadelphia, pf. 44 44%
Philadelphia Elec. 181- 16%;
Philadelphia Elec 4s. 78% 78%
Philadelphia Elec 6s. 103% ....
Pennsylvania . 64% 65
Philadelphia Tract. 86% 87
Reading .80 1-16
Reading 4s. 97 97%
U G 1. 81% 87%
Union Traction. 47% 48
U S Steel... 81% 81%
Warwick . 10%
LOCAL SECURITIES.
The bid and asked prices appended
are furnished through I'.lsele A Kioto
ELECTRIC. GAS, ETC.
Rid. Asked.
Celluloid Co. 12$ 130 !
Con Tract of N J..... 75 ... j
Essex & Hudson Gas. 138 142
Hudson Co Gas. 13C 138
Newark Con Gas. 99
New Jersey Zinc Co. 395 ...
Public Service ctfs. 100% 101%
Public Service stock. 117 118
Rapid Transit St Hy Co.. 230
Singer Mfg Co. ... 310
South Jersey Gas. 130 132
BANK STOCKS
City Trust Co. 160
Essex Co Nat Bank. 30o ...
Federal Trust Co.. 207 210
Fidelity Trust Co... . . $00
Ironbound Trust Co....... 200 ...
Manufacturers’ Nat Bank. 260 260
Merchants’ Nat Bank. 265 175
Mutual Trust Co Of Orange 165 160
Newark Trust Co. 156 1*0
Nat Newark Banking Co. 390 395
National State Hank. 220 225
North Ward Nat Bank. . . . 365 370
Union National Bank. 400
West Side Trust Co. 240 26*
LIFE AND FIRE INSURANCE.
American Fire. 500 ...
Colonial Life.. 360 ...
Firemen’s Insurance. 460 ...
Newark Flro . 815
Prudential . 450
BONDS.
Con Tract 1st 5s. 1933. 103% 104%
Hudson Co Gas 1st 5s. 1949 103% 104%
J C. Hob & Pat 4s, 1949... 76 ‘ 77
Nwk Con Gas con 5s, 1948. 104 105
Nwlt Gas Co 1st Cs. 1944 128 130
N J St Ry 1st 4s. 1948. 76%. 77%
O & Pas Vai 1st Bs. 1998 92 * 95
Pub Ser Gen Moet 5a, 195 9 95 96
So Jersev Gas 1st 5s. 1953. 97 98%
United Elec Co 1st 4s. 1949 78% 79
SOUTHERN PEA PRICES
OPEN UP STRONG.
NEW 1'ORK, Feb. 3.—It was stated
yesterday through a local canned goods
broker that several of the country
puckers In the Soulh have opened
prices on 1911 pack. The packers are
said not to bo offering freely , however
One packer quotes as follows In No. 2
cans: Petit pois. No. 1 sieve, $1.35;
extra fancy sifted. No. 2 sieve, $1.20;
extra sifted. No. 3 sieve, 87% cents;
sifted. No. 4 sieve, 77% cents, and
standard, No. 5 sieve, 70 cents per
dozen f. o. b. factory less 1% per cent.,
Baltimore rate of freight guaranteed to
buyers.
So far as can be learned, no Balti
more packers are In the market on
future peas, and they are not likely
to be for some time. In connection
with the prices named a broker said
yesterday: "The prices named look at
tractive, and on the basis quoted there
shou d be a good deal of interest
shown. The situation In peas is ex
ceedingly strong, and the way In which
dealers have taken hoto of Western
and State futures Is warrant for the
belief that a good business will be done
In Southern 1911 pack."
FINANCIAL NOTES.
The Increased wage scale by which
motormen and conductors on the Phila
delphia and West Chester Traction
Company will receive an advance of
one cent per hour went into effect yes
terday. The minimum rate is twenty
one cents per hour for employees less
than six months in (he servico and
twenty-four cents for those In the
service more than four years
Directors will be elected at the an
nual meeting of the Huntingdon and
Broad Top Mountain railroad, which
will be held at the office of the com
pany, In the North American building
at Philadelphia on February 7
The Breakwater Company, of Phila
delphia, has been awarded a contract
for the construction of a breakwab r
and sand catcher at the north end of
the Cape Cod canal. In Barnstable bay.
Mass. The estimated cost of the work
is $965,000.
John N. Jacobs has been elected vice
president of the Doylestown National
Bank.
The Farmers’ State Bank, of Hallam.
Pa., capitalized at $25 000, opened for
business yesterday with W. O, Blessing
as cashier
There were some wide swings in
prices at auction yesterday, advancer
being made of 28 points in First Mort
gage Guarantee and Trust Company
12 in Northern National Bank 5% In
Textile National Bank and declines of
17% In Central National Bank and 8
In Pennsylvania Fire Insurance.
Arthur Upper & Co. have opened a
new office in Atlantic City, in the Sea
side block, on the boardwalk.
The new Studebaker corporation is
to take over the wagon plant of the !
Studebaker company at South Bend j
and the automobile p'ant at Detroit of
the E. M. F. company.
At the annual election of the Federai |
Light and Traction Company, in New
York, M. D. Thatcher was elected a
director, to succeed Dunlevv Mllbank.
Other directors were reelected.
Directors of the Frank'ord, Tacony
and Holmesburg Street Railway Com
pany have been reelected.
Directors of the Pennsylvania Rail
road Compgnv declared the regular
quarterly dividend of 1% rer cent., pay
able February 28 to stockholders of
record February 4.
The offering of $1*1,811,000 Reading
company and Phllade'phia and Read
ing Coal and Iron general mor'gage is.
issued for the purpose of refunding the
outstanding consolidated mortgage 0s
and 7s, due in June, was eagerly sub
scribed for In Philadelphia.
SALT COMPANY RECEIVER.
GRAND RAPIDS, Mich., Feb. 2.—|
Judge Denison, of the United States :
Court, has appointed the Michigan
Trust Company, of Grand Rapids, re
ceiver for the R. G. Peters Sait and
Lumber Comport), of Manistee, and for
If. G. Peters. Tile liabilities approx!- I
mate $2,000,000 and the assets are be- 1
lleved to be $500,000 in excess of these |
but are widely scattered.
THE PRODUCE MARKET.
NEW YORK, Feb. 2.—Butter—Firmer;
receipts, 6,426; creamery specials, 28;
extras, 26*926%; State dairy, common
to finest, 179*26.
Cheese—Steady, unchanged; receipts,
L969.
Eggs—Easy; receipts, 10,881; fresh
gathered selected extras, -2(8*23; do.
first. 21; refrigerator seconds. 14@15
J
Essex County Park Bonds. I per cent. C9.020.0n
Harrison Funding Bonds, 4 per cont. 68,310.00
Borough of Vailsburg Bonds (Newark), 4% per cent. 65,400.00
City of Hoboken Bonds. 4 per cent. 60,500.00
United N. J. R. R. & Canal Bonds, 4 per cent. 63,000.00
Hoboken School Bonds, 4 per cent. 61,000.00
City of Paterson Bonds, 4 per cent. 51,000.00
Jersey City Hospital Bonds. 4 per cent. 60,750.00
East Orange School Bonds, 4 per cent. 51,000.00
Hudson County Almshouse Bonds, 4 per cent. 51,500.00
Essex County Bonds, 4 per cent. 61,500.00
Town of Kearny Town Hall Bonds, 4% per cent. 61,750.00
Town of Guttenberg Refunding Bonds, 6 per cent. 55,000.00
Raritan River Railroad Bonds. 5 per cent. 50,400.00
Essex County Court. House Bonds, 4 per cent. 41,000.00
Town of Kearny School Bonds, 414 per cent. 41,516.00
Town of Carlstadt Sewer Bonds, 4 % per cent. 41,200.00
Borough of Garfield Water Bonds, 6 per cent. 41,340.00
Morris and Essex Railroad Bonds, 7 per cent. 42,310.00
Town of Harrison School Bonds, 4% per cent. 31,050.00
County of Hudson Park Bonds, 4 per cent. 25,750.00
Borough of Garfield Water Bonds, 6 per cent... 26,500.00
United States Bonds, 4 per cent.. 30,000.00
City of East Orange Bonds, 4 per cent. 23,460.00
Orange School Bonds, 4 per cent. ... 17,255.00
City of Rahway Bonds, 4 per cent. 16,000.00
Town of Kearny Funding Bonds, 4% per cent. 9,270.00
City of Perth Amboy Bonds, 4 per cent. 8,000.00
Jersey City Bonds, 4 per cent. 8,000.00
Essex County War Bonds, 4 per cent. 4,000.00
Banking House . 227,000.00
Interest due and accrued on Mortgages. 51,887.34
Interest accrued on Bonds. 13,738.68
Taxes and Insurance advanced on Mortgages. 162.72
Cash on Hand and in Banks, close Dec. 31st, 1910.. 431,598.71
T6j9 7.18 0745*
LIABILITIES
Due Depositors . . .$5,754,506.89
Interest due Depositors. 101,112.60
Surplus ... 3 41,560^96
T67l97;i80T45«
Interest Paid to Depositors During the Year 1910 .. $197,942.38 ■ ||
July 1, 1910 . $96,829.78
Jan. 1. 1911 ..101,112.60
$197,942.38 |
OFFICERS |p
GOTTFRIED KRUEGER, President.
JOHN FISCHER, First Vice-President. MICHAEL T. BARRETT, Second Vice-President.
WM. G. TRAUTWEIN, Secretary and Treasurer.
TRUSTEES
MICHAEL T. BARRETT AUG. F. EGOERS WM. F. HOFFMANJf ffl |
ENGLAND TO BUILD NEW
RAILROAD IN PANAMA.
COLON. Feb. 2.—Ratification of ft
contract between the Panama govern
ment and the Balboa and Pacific Es
tates, Ltd., of London, Is expected in
the Panama Assembly, providing for a
railroad from end to end of the re
public. This is the project long con
sidered under the title of the "Darien
Line.” It is to open up the virgin
country on the Pacific slope, and will
parallel that coast. One day it is ex
pected to become an important link in
the inevitable lailroad linking North
and South America.
THE CHICAGO MARKET.
CHICAGO, Feb. 2.—There was a gen
eral scramble to buy wheat today upon
receipt of news that the Liverpool mar
| ket had risen because of the firmness
I on this side and for the reason that
forecasts of Argentine shipments were
smaller than expected. Furthermore,
the oiliclal estimates of the Argentine
surplus were maintained at low figures.
It was believed, however, that Indian
shipments this week would bo larger
and there were reports of free offers
from Russia. The opening here was 74
©Vi to %®V4 higher. May started at
967« to 97© 9774, a gain of ’4 to 64@74.
and steadied at 9674.
In corn speculative sentiment leaned
to the bull side. Large clearances and
comparatively small receipts were the
main factors. May opened 74 to %®Ms
up at 50V4 to 60%(8V4. but reacted to
50V4@V4
Oats advanced on covering by corn
traders, who had sold short too heavily
during the previous session. May start
ed 74® 74 to 74®?4 higher at 33»4 to
,374, falling back later to r>3V4®74
Ifog products acted a little firmer
with grain and because of good buying
on the part of packets. First sales
were unchanged to 27i®5 higher with
May options at 18.12>4 to 18.15 for pork,
9.75 to 9.777*. for lard und 9.70 for ribs.
—
THE LONDON MARKET.
LONDON, Feb. 3.—American securi
ties opened steady and a fraction
higher today. Prices eased ofT later
and at noon showed irregular, ranging
from % below to % above yesterday’s
close.
New York bid up Amalgamated Cop
per In the late trading, causing a
steady closing
NEW COAL MOVEMENT RECORD.
PITTSBURG. Pa., Feb. 2.—According
to statistics made public yesterday the
shipments of coal down the Ohio dur
ing January totaled 602,965 tons, estab
lishing a new month's record
THE COTTON MARKET.'
NEW YORK, Feb. 2.—The cotton
market opened easy at a decline of 6
to 9 points on old crop months and of
2 to 5 points on new crop positions
in response to disappointing Liverpool
cables. Local operators seemed to be
selling rather aggressively on tha call,
and while there appeared no change of
importance in the Texas drouth situa
tion the new crop reflected realizing by
recent buyers. Around 14.85 for May
there seemed sufficient demand to
check the decline, however, and prices
later ruled irregular within a compara
tively narrow range.
Bullish Southern spot advices and re
ports of very little cotton remain n :
unsold in the Interior may have helped
the rally of 3 of 4 points from th
early low level, but trading was very
quiet late in the forenoon, and the
market was no better than steady, w th
prices ruling some 3 to 6 points net
lower at midday.
The market was quiet during the
early afternoon, but ruled steady, with
prices easing off to a net loss of about
6@8 points under scattered offerings,
most of which were for local account
Southern spot markets were generally
unchanged.
THE PROVISION MARKET.
NEW YORK, Feb. 2.—Flour dull and
lower to effect sales.
Rye—Dull.
Wheat—Selling a shade higher early
on firm cables estimate for small Ar
gentine shipments tomorrow and light
Southwest receipts, wheat soon reacted
under big Increase In Minneapolis
stocks and commission house sell.ng
May, 102*4(8 102%: July, 100%.
Pork—Easy; family, 22.50(823.50: short
clear, 19.5!»!, 22.00.
Beef—Steady.
Lard—Easy; middle West, 9.954*10.05
nominal.
Sugar—Raw firm; muscovado, 89 test',
[ 2.95; centrifugal, 96 test, 3.45. Molasses,
89 test, 2.70. Refined sugar steady.
Petroleum—Steady.
i Coffee—Spot easy; Rio No. 7, 12%;
Santos No. 4, 13%.
Molasses—Steady
Hay—Quiet.
UTAH COPPER ADDS SHOVELS.
BINGHAM, Utah. Feb. 1.—The Utah
Copper Company has Increased Its bat
tery of steam shovels by the addition
of two new ones and two new engines,
bringing the total shovels now at work
I to twenty. One shovel with the teeth
in good condition can grind up 20,009
yards of dirt a month, and the Utah
Copper makes every endeuvor to keep
this equipment In llrst-c ass shape. An
average of two steam shovels is kept
on ore, tho balance removing over
burden. The major portion of this
stripping effort is given to the old
Boston Consolidated acreage
>
CANADIANS IN ROW
OVER RECIPROCITY.
OTTAWA. Ont.. Feb. 2.—The meet
ing ot the House of Commons commit
tee on agriculture broke up in a ow
as a result of a statement made by
Mr. Johnson, a leading member of the
Conservative party, and one of the
best-known fruit growers in Canada,
who appeared before the committee
and stated that the adaptation of the
reciprocity agreement with the United
States would be a One thing for the
Ontario fruit growers instead of a dam
age to them as many of them have re
cently asserted.
The statement created such confu
sion that Mr. Johnson's remarks were
expunged from the records.
The Conservative party is holding a
caucus tonight to settle the policy of
the party on reciprocity. The party is
divided on the subject.
CONTRACTS FILED.
These contracts were tiled in the
[county clerk's office today;
J. Burns, owner, with J. Benoit, con
| tractor, carpenter work, $900; 646 sum
mer avenue,
J, and Elizabeth Hammesfahr. own
ers, with D. Bender, contractor, all
work, $6,800; 38-40 Dawson avenue.
H. Steinleln, owner, with Payne
Brothers, contractors, Iron work, $794;
499 Orange street.
E. Friedman, owner, with J. Shachat,
contractor, plumbing work, $1,175; 94-96
Fafcyan place. Same owner with S.
Glasner, contractor, mason and carpen
ter work, $7,000; same premises.
E. Hlnck, owner, with M. Sigler, con
tractor, carpenter work, $9,296; Melrose
place, Montclair.
J. Magin, owner, with S. Miller, con
tractor, plumbing work, $515; 32 Rich
street, Irvington. Same owner with C.
Schwartz, contractor, mason work, $945;
same premises. Same owner, with
Alflce & Henni, contractors, carpenter
work, $1,946; same premises. Same
owner with W. Buchanan, contractor,
painting work, $169; same premises.
Euatice Brothers, owners, with C. Mc
Guire, contractor, plumbing work. $268;
350-352 Halsey street.
Katherine Ludwig, owner, with Lud
wig & Wright, contractors, all work,
$4,000: 34 Fortieth street, Irvington.
Frederick Scheper, owner, with It,
/Seitler. contractor, plumbing work, $675;
Waverly avenue and Prince street.
Same owner with Axel Brothers, con
tractors, mason, carpenter and painting
work, $2,950; same premises.
J. and A. Osborne, owners, with G.
Miller, contractor, carpenter, mason
and painting work, $1,165; 322 North
Stephens street, Belleville.
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