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THE FARMER AND MECHANIC.
15 GOTTQW REGAINS 115 EQUILIBRIUM A! GOES HIGHER veiDO Main Forces Behind The Ad-tog vance, While Wall Street Is Main Selling Factor That Prevents Better Gain Being Made per cent. Leading lines of bleached cot ions nave been soiri Ding and cutting trades and are held firm demand"0?8' Wide sheetings are in stead The business done on print cloths and convertibles this week was not lar as a week aero, when Van invor ci'i oO.OOO pieces, but contracts are still held at is of a cent a yard higher than spots are bringing and there are goods enough Uiu lur some time to keen steady. More business has been done in general domestics, and on drills and sheetings than for some months past and January business is other directions has shown a distinct gain. Wash fabrics are beginnins price sn i i ft n L. a . I iV"-1" gain, vvasn raoncs are beginning Ol and ManCheSter Are to mow more freely for spring and the new fall lines are being ordered satisfac- iy. xport trade is slowly crainincr. i-nces are quoted as follows: Print cloths 28-inch 64xG4s 2 cents: eixGOs 2 cents; 28-inoh G4x60s 3 cents; brown sheetings, Southern stand ards, 6-&6i cents; denims, 9-ounce, 12V. cents; tickings, 8-ounce, 11 y2 cents: stand ard prints 4 cents; standard staple ging hams 6 cents; dress ginghams 94 cents. ED RECOVERY Oil STOCKSMKRKET Deluge of Steel Selling Stops and New Haven Has a Fine Come-Back; Railroad Bonds Good WHEAT WHIRLS ON TU1R0THE SKI Threat of War Engulfing Oth er European Nations in Its Throes Sends May Bids Few Rounds Higher f w York. .Ian. 30. Cotton lost an early .lviii... during the day, but steadied on ;..i-rittg and closed at a net gain of ruin 2 to 7 points. ' l iwruool not only failed to follow yes f r'lii v'h local weakness, but closed at an .i.lvnine on some positions and the mar it hire opened steady at a 4 to 9 point i,!vatt.-e. Private cables attributed the ItrriiKth abroad largely to continental i. living and trade interests were moderate b'lW lore during the early seslson. After tli" farly seslson th market turned ,,,,,1,-r under a renewal of Wall Street -I-IIlng. selling by honses with New .triMiu connect ion. Active months broke to ii n t lss of 2 to 3 points under this prepare, but trade buying continued and Vrl'-cfi rallied several points from the ionr-it price before the close. UaiH-hester cables report fair buying or dcr from China and an occasional demand fnu India, but said business in cloths ,;! been restricted by the higher price u w. of manufacturers. Spot cotton quiet; middling uplands 8.45. s:il's none. Totton futures closed steady. Open. High. Low. Close. i,,...h S.55 8.55 8.44 S.4S May Inly .. . n.'lober . h i tuber 8.80 8.80 8.1)8 8.99 0.22 9.22 9! 31 9.33 8.T0 8.90 9.13 9.28 8.70 8.97 9.19 J) 32 KALKIC.H COTTON MRAKET. i Reported by Parker Bros, and Co.) K'ripts yesterday 108 bales. miildlinir 8 stiirt middling .Middling WAl'iYi 7 NKW ORLEANS COTTON. Nw Orleans, La., Jan. 30. Small de- iiriex and advances featured the cotton niarkt today. Scalers took the short -i.h but the market displayed resist siiire of its own to selling pressure. In !!) -.'iriy trading snort selling was suin .iini in volume to put prices 2 to 3 ndiiis under yesterday's close, in the fa c of very favorable cables, but later ntin the shorts brought back their cot ton they put the market up on them M'hcs and brought about a net advance of 4 to G points. The close was 1 to 4 points "I rie small mill takings shown for the k mused much bearish comment, but il.tir intluence was not lasting. The ex port movement remained the dominating ;n!!uMi-e and surprise was shown by 'radt rs generally when the statistics point ed to Hen ranees for the month of 1,200,000 hairs nsrainst 1.004,000 a year ago. Clear-.tn-vs this month were the largest of nay month this season, and for the first time this season the month's exports were in -.v'ss of the exports or the correspond- irir month last year. spot cotton quiet; sales on the 205; strive 705. Cotton futures closed: March 8 May 8 Inly 8 ,tor 8.91 p.. iinhor 9.00 RESERVE BANK STATEMENT. Washington, D. C, Jan. 30. Reserve de posits in the twelve Federal reserve banks decreased about $4,000,000 during the last week according to the statement of con dition at the close of business January 29, issued today by the Federal Reserve Board. The statement shows: Resources : Gold coin and certificates $235,905,000. Legal tender notes, silver certificates and subsidiary coin $20,883,000. Total $256,7S7,000. Rills discounted and loans: Maturities within thirty days $6,331,000. Maturities within sixty days $4,903,000. Other $2,721,000. Total $13,955,000. Investments $13,180,000. Due from Federal reserve banks: Items in transit $7,421,000. All other resources $10,891,000. Total resources $302,234,000. Liabilities: Capital paid in $20,440,000. Reserve deposits $279,516,000. Federal reserve notes in circulation (net amount), $2.27S,000. Total liabilities $302,234,000. Gold reserve against net liabilities SO.O per cent. Cash reserve against net liabilities 93.0 per cent. Cash reserve against liabilities alter set ting aside 40 per cent gold reserve against net amount of Federal reserve notes in circulation 94.0 per cent. CLEARING HOUSE STATEMENT. New York. Jan. 30. The statement of the actual condition or clearing house banks and trust companies for the week shows that they hold $144,259,930 reserve in excess of legal requirements. This is an increase of $1,237,140 over last week. Actual condition : Loans, etc., $2,233,224,000, increase $21,-011,000. Reserve in own vaults (B) $370,;jti2.O0O, increase 9,936,000. Reserve in Federal reserve bank $10S, 286,000, decrease $4,753,000. Reserve in other depositaries $32,075,000, increase $372,000. Net demand deposits $2,531,000, increase $24,493,000. Net time deposits $90,377,000, increase $1,- 451.000. Circulation $41,439,000, decrease $1,103, 000. (B) of which $293,144,000 is specie. Aggregate reserve $510,923,000. Kxcess reserve $144,259,930, increase $1, 237 140. Summary of State banks and trust companies in ureater isew xorK noi in cluded in clearing house statement: New York, Jan. 30. Stocks were moder auwug iouay aner opening with some iiit-uiuruy. Kecoveries of ote to two points from yesterdav's low level v.-ere j.riiT-iiii. auiiougn this improvement was u uip nnai dealings, wnen some leaders, notably Reading, receded on re all me sales. The short interest cgain was promi nent, mainly, however, in the covering of outstanding contracts. There were some counter-movements in the special division, a few of the low-priced issues going ba-k. New Haven, which soul at its minimuiv of 49 yesterday, was one of today's mos, active features, recovering much of its Linieu mates Meei was all nut neg lected after a belated opening at its mini mum price from which it showed no change. Following the close of the mar ket, orncial notice of another reductiov in the minimum to 38 was issued. The preferred stock gained a fraction and the sinking funds bonds also reflected sup Port. Trade reports were more encourag ing. - The $49,000,000 of Pennsylvania Railroad 4 per cent first mortgage bonds re cently taken by a banking syndicate were offered today at 103 with indications of a large inquiry. Local banks showed an actual cash gain in their own vaults of about $5,000,1)00, while contracting: their reserves in the Federal bank by about $4,750,000. The loan account expanded by $21,000,000. Bonds were irregular, some issues re flecting foreign selling. Total sales amounted to $1,063,000. United States bonds and Panama bonds advanced i to 34 per cent on call during the week. NEW YORK STOCK LIST. title h-v.d Is igLt. l:svt nt v. Chicago, 111., Jan. 30. Threatened largement of the war z:ie -aued irreatet upward whirl yet tu "heat. the May option going to a new high record, $1.52. Kxcited buying lifted the market tour cnts a bushel Jil.ve yesterday' at which many nervous traders Mr ing on vague peut-e rumors. The was strong ut 2Vj to . above Utst 1 Other net gains wore:" Corn l"v to 14 ; oats Vial, provisions 2 j to 10 . .Grain and pTwisious .loo,f WHKAT -May 1517i,s : Julv l'M'k. C UN May 82; Julv OATS May A0-V; Julv 58 U. l'ORK May 19.25; Julv 19.02. LA HI) May 11.27; Julv 11.45. R IBS May 10.45; July 10.07. Cash grain : wheat No. 2 red l49iGir2i. No. 2 hard l49Vi.U152;. MAKING FAIR HEADWAY ON PHONOGRAPH FUND Sales in Hundreds High. Low. Close. to .18 .41 .64 DAILY COTTON TABLE. Port Receipts. Orleans: Middling 8 1-16; receipts exports 3,779; sales 970; stock 421,- N v 1 t.is 1!7. Galveston : exports To. M.d.ile: Middling Middling 8 I 11,992; sales 16; receipts 19, 100; stock C21,- Loans, etc., $554,327,600, decrease 773,600. Specie $43,142,700, decrease uo.ouo. legal tenders $10,892,000, increase $500. Total deposits $650,007,100, decrease $155, 800. Banks' cash reservci n vaults $10,S41,600. Trust companies' cash reserve in vault $43,193,400. PETERSBURG PEANUT MARKET. ! Reported by Rodgers, Plummer and Co. Inc. SPANISH Farmers stock, market, firm, S5c per bushel. VIRGINIA Farmers stock, market firm. Fancy jumbo 4c per pound. Fancy hand-picKea ayc per pounu. Extra prime Sc per ponud. Amal. Copper.. .. Amer. Agri Amer. Can Amer. C. and F. . Amer. Cot. Oil . . Amer. Smelt. . . Amer. Snuff . . Amer. Sugar . . . Amer. Tel and Tel. Amer. Tob Atchison Atlantic C. L. . . . Balti. and Oho. Canadian Pacific . Central Leather . . Ches. and Ohio . . Chic, M. and St. P. Erie 33 General Electric . Gt. Northern pfd. Illinois Central . Inter. -Met. pfd ... Kan. City Sou. . . Lehigh Valley . . Louis, and Nash. . Liggett and Myers Lorillard Co. . . Mis., K. and Tex. Missouri Pacific . Mex. Petroleum . N. Y. Central . . . . N.Y.,N.H. and H. ; Nor. and West. . I Northern Pacific Pennsylvania .. . R. I. and Steel .. R. I and Steel pfd. Rock Island Co. . It. I. Co. pfd . . 75 541,4 52 53 2 50 50 50 28 28 27 28 4 45 4512 45 4fb . 5 eiiv, 00 em 3 155 153 155 19 111 109 109 2 120ii 1201'2 10M 230b 12 94io 93U 94U 1 105 15 72 72 72 26 I59U 157 158 34b 5 44 4314 44 .. 8 88 88 14 88 33 23 22 Vj 23 1 143 143 143 7 11514 114 115 107 7 53ii 52 U 52 23 b 4 135 134 135 4 117 117 117 215b 180 1 10 10 10 42 13 11 12 58 73i 72 7314 9 89 88 89 70 514 49 51 2 103 7 104 103 104 9 107 106 307 ..230 146 144 146 19b . 4 7214 72 72 . 2 S. L. and Seaboard S. A. L. s. s. s. Southern Southern Sou. Ry. S.F.2d.pfd A. L pfd and Iron. Pacific . . . Ry. . . . pfd. Shelliug stock 3c per pound. 7 receipts 1,061; ex- t -Tts 14,237; sales 75; stock 40,433. savannah: Middling 8; receipts 13.986; eM.,ts 25,031; sales 2,709; stock 344,258. 'luirleston: Middling 7; receipts 544; t"-k 157.710. 7; receipts 1, receipts 2,758; stock 3,579. Wilmington: Middling --: stork 5-1.303. Norfolk: Middling 8: i.:;:;2: stock sr,,i:,o. iiiimore: Middling 8; i.o-ton: Middling 8.50; M...-K W.100. Philadelphia: 8.70; exports New York: Middling 8.45 Nt.nrts 17,034: stock 94.182. Minor ports: Receipts 7,635; exports 17,- -to.-k 166,115. Totnl today: Receipts 61,650; exports ?'W,; stock 2,006,128. receipts 259 receipts 118; on: stock LIVERPOOL COTTON. Liverpool, Jan. 30. Cotton spot steady. Good mid. 5.35; middling 5.05; low mid. 4.60. Sales 3.000: speculation and export 800. Receipts 23,259. Futures verv steadv: May-June 4.88; .Tuly-Aug. 4.90; Aug.-Sept. 4.99; Oct. Nov. 5.07; Jan. -Feb. 5.12; March-April 5.14. WESTERN LIVE STOCK. Chicago, Jan. 30 Hogs steady; bulk 6.75fa0.90; light 6.60a6.90; mixed 6.60Q 6.95;' heavy 6.40g6.95; rough 6.4030.55; pigs 5.50fd6.65. Cattle slow; native steers 5.509.10; western 4. 9007.30; cows and heifers 3.00 i3.S5; calves 7.2510.50. "'Sheep firm; sheep 6.00(56.85; yearlings 7.20S.OO; lambs 7.50&S.9U. Tennessee Copper Texas Co Tex. and Tacific , Union Pacific . . IT. S. Steel .. . V. S. Steel pfd. . Utah Copper . . Vir., Caro. Chem. Western Union . . Beth. Steel .. .. Total sales for 24 4 3 41 12 19 35 9 34 178 14 85 17 1193s 40 105 50 63 49 1 14 84 16 119 40 103 53 1 3b 14 38 27b 62 the day 120,200. 17 60 31b 135 llb 119 40 54 21b 63 48 NAVAL STORES. Savannah. Ga.. Jan. 30. Turpentine firm 41 ; sales 79 ; receipts 280 ; shipments 813 ; stock 35.251. Rosin dull: sales nine: receipts 1.035; shipments 6,817; stock 136,426. Quote: A, B, C ana I) 3.20: E, F. G and II 3.25; I 3.30: K 3.60; M 4.25; N 5.30; WG 5.70; WW 5.80. Interior Movement. ouston: Middling S 3-16: ret-eints 21.- ;'oV, shipment 20,877; sales 1.228; stock221,- M' lnphis: Middling 8; receipts 3,172; -"tiiMnts 4.922: sales 1,900; stock 242,003. , Augusta: Middling S 3-lOOVi; receipts -'n: shipments 1,316; sales 1,092; stock in iitnati: Receipts 2,095; shipments 1, 4H : -to, k .S71. 1 ittlv Rock: Middling 7; receipts 753; MMpmrnts 1.23S; stock 64,324. l:illas: Middling 7; sales 4,747. '.' till today: Receipts 34,015; shipments '-d::: stock 729,007. WEEKLY COTTON CIOODS. N"w York. Jan. ;i0. Cotton goods mar- 'Ko, but the firmness in nrices has and some advances have liUKiuucod. One of the leading lines cotton flannels has ben ad v k 1 of Souttiorii ''onie marked y a cent a yard from the opening prices 01 last week. 1 iu.nts are to De shortened on sub indard printed goods Monday about 2 NEW YORK MONEY. New York, Jan. 30. Mercantile paper 3i4. Sterling exchange easy; sixty day bills 4.82.75; for cables 4.84.S5; for demand 4.84.50. Bar silver 48. Mexican dollars 37. Government bonds steady. Railroad bonds irregular. DRY GOODS MARKET. Nek York, Jan. 30. Wide sheetings were advanced today. Cotton goods were gener ally firm; yarns higher. Linens and bur laps were firm. Undearwear and hosiery were in better demand. NEW YORK PROVISIONS. New York, Jan. 30. Raw sugar strong: centrifugal 4.20; molasses 3.43; refined steady. Butter firm. Cheese steady. nt co ffee miiet: Rio No. t, 8c; San tos No. 4. 10 cents. T.n Anereles is canning lima beans with mdeh success. The enterprise was initiated last year. NORFOLK PEANUT MARKET. Fancy No. 1 3 Strictly prime 3 Prime J Shelling 2 3 Spanish 85 Some Contributions llae Conic in Hut More Needed To Provide Instru ment For Soldiers' Home. Miss Martha Haywood, leader of Manly's Battery, says the contribu tions for the phonograph for the Sol diers' Home are comingjn with a fair degree of liberality, but hardly more than a fourth of the amount needed has come in yet and some of the best chances have been realized on. But she is not discouraged and believes the friends of the old soldiers will see that this form of entertainment for the declining years of the veterans will be provided. Miss Haywood has been much grati fied at the letters which have been received along with the contributions. For instance one of the letters ran on this wise: "Bill Stronach and John G. Alien, two old veterans, want to get in on the phonograph fund."' The check was a substantial one and the phono graph committee wishes there were more old veterans like Messrs. Allen and Stronach. Hon. A. H. Boyden, of Salisbury, who always responds liberally to- calls in behalf of veterans who have been less fortunate in life than he, writes Manly's Battery as follows: "My dear children: Certainly 1 will aid you in your splendid work in pro curing a graphophone for the dear, brave old men of the Home who are quietly sitting: and waiting the call of the Master to the Great Beyond." From Warren Alden Lord in distant sioux if ans, rsoutn uaKota, comes a check and a letter which says in part: "It is with great pleasure I am hav ing enclosed my check in behalf of the Phonograph Fund for use of the Confederate veterans at their home in Raleigh. May they live long to enjoy their well-earned rest. Also here is hoping they and the rest of the South killed their last Yankee many years ago. Thank God there are a fewT of us left, and I assure you we have no desire for any meetings with North Carolina's veterans unless they are of a very fond and fraternal nature." General YV. R. Cox sent a generous contribution with the words, "With many thanks to you for enabling me to contribute to the enjoyment ot tne camp." Former Governor Glenn responded with liberality and with the expres sion of the conviction that the young people of Manly's Battery could have planned no more beautiful way of brightening the last days of the Con federate veterans of the Soldiers' Home than by providing a phono erranh as thev have planned to do. Senator Overman. Bishop Cheshire. Dr. and Mrs. R. H. Lewis and others have contributed and written letters of encouragement. COTTON SEED OIL. New York, Jan. 30. Cotton seed oil was easier totay unuer liquidation m antici pation of a reaction although underlying conditions were little unchanged. Closing prices were unchanged toeigh points net lower. Sales 6,800. The market closed easy. Spot 7.00&7.05; Feb. 7.007.01: March 7.017.00; April 7.137.15; May 7.1944 7.20; June 7)287.33; July 7.3S(7.39; August 7.457.49: Sep. 7.55'a7.06. ENFIELD HIGHS WIN. Enfield, Jan. 30. Enfield high school defeated Wilson highs here to day. 25 to 22. In the first half the Enfield boys seemed unable to keep up with the fast youngsters from Wil son. and the half ended witn tne visi tors seven points in the lead. In the second. however, the Enfield boys NEW REPUBLICAN ORGAN. Goldsboro. Jan. 30. The North Car olina Republican, a new weekly news paper, has been launched in this city, and made its initial appearance this morning The Republican is said to have go.d financial backing and" will be under the management of Messrs. George and M. E. Searles, of New York City. Until a permanent office can be erected the publication will be published at the printing plant of Messrs. Nash Bros., in this city. MRS. R. M. BURNS IMPROVES. Pitisboro, Jan. 30. Mrs. R. M. Burns is still confined to her bed, though rapidly improving from the injuries sustained by the fall on the ioe last Monday. Her children, Mrs. H. E. Norris of Raleigh, Mrs. Win chester of Monroe, Mr. A. M. Burns Burns or -I 1 - W XT scored 19 points, overcoming the lead or Hoxooro ano rfir. neurj in the last two minutes of play. ? Greensboro are with her. V. V ll t . 1 . s i M 1 i f r"1 1