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The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, August 17, 1915, Image 14

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14
THE FARMER AND MECHANIC.
COTTON lit
T
WEEK
E
ND STEADY
Early Decline Is Followed by
Rallies on Scattered Cover
ing; Close Is Three Points
Lower, Selling Off at Loss
of Seven to Ten
(Ity tin- Associate! Irw).
York, Aug. 14. All e;irly
tin cotton market v.'s followed
on scat tered covering for tin
decline In
by ml lit's
WCek-CIld
steady, net unchanged to
wllh flic (dosi
3 poiutti lower.
Cables were relatively staly. but the
market here opened at a int of 2 to
4 points, and sold off to a not loss of
about 7 to 10 points during the early
trailing.
The ceusa figures on supply and dis
tributioii for the month of .July showed
rat!iT a smaller domestic mill consump
tion of lint cotton than some had antici
pated, while scattering liquidation may
also have been inspired by press reports
suggesting an increased probability that
the allies would soon place cotton on their
list of contraband, but the selling seemed
to 1m carefully based on the better view
of the weather map and reports that the
increase! movement in tne sout invest was
bringing some hedge wiling into the lo
cal market.
imeriugs, nowever, were not neavy or
general cnougli to suggest any material
change in general conditions, and after
the decline to 11.55 for December contracts,
prire steadied on a moderate demand
from shorts and scattered buying pro
moled by a steadier turn in the New Or
leans riurket, and the failure of the Texas
veat!e-r details to show as much rain in
the Xo.it invest as expected.
'I official forecast was for partly
clo .-v weather In the Western belt, but
: ..i ..f thel o-al traders predicted that
tw progress of the tropical storm off the
K.mt'i coast of Florida would possibly
brt. L'. Texas further rains within the next
two or three days.
Cotton futures closed
Open.
O.t t).30
Dee .Gi
.ln 0.71
Mr y.&T
May
Spot cotton quiet
9.30; no sales.
STOCKS HALTED IT
. WAR SPECIALTIES
Severe Reversals Mark Brief
Week-end Session of Market.
Setback Attributed to Belief
Rise of Volatile Issues
Should Stop; Crucible Steel
Weakest
WHEAT UNSETTLED REPORT IKES
THIS 111 RICH
AS MARKET GLOSES
Big Receipts and Disturbed Ex
port Situation Give Advant
age to Bears; Outcome Is
Unchanged in Provisions to
Ten Down Under Friday
Will Dixon May Get H ;'
lion For Torpedo G, .
Invention
stead V
High.
t).33
IUV4
9.74
0.08
10.21
Low.
0.27
9.55
9.07
9.9:i
1ft lo
Close.
0.32
9.62
9.72
0.07
10.21)
(Iiy the Ass.-iated Press).
New York. Aug. 14.--Severe reversals in
some of the war specialties marked today's
brief session of the stock market. The
setback was attributed to a variety of
causes, but more likely it resulted from
the fast growing belief that the time had
come for a halt in further rise of these
volatile issues.
Crucible Steel was the weakest feature,
recording a maximum loss of 8 points.
Willvs-Overland, liethlebem Steel and Al-
lis-Chalmers fell from 4 to 15 points, but
regained much of their loss later. Ileth-
lehem Steel preferred, on a single .sale
just before the close, lost 11 points.
The movement was not all in the one
direction", however, Studebaker ascending
to the new high price of 100. an overnight
gain of 5i. Other points of strength in
cluded Pacific Mail, and American Woolen
common and preferred.
Railroads were irregular nntil toward
tho end of the session, when Heading re
covered from its earlv heaviness, carrvmtr
others in the same class to higher levels.
Lower rates for exchange on London and
Paris were quoted and the foreign ex-
eminsre market was uneriv ueniornnzeu.
The bauk statement fulfilled popular es
timates, actual demand deposits increasing
over 50.000.0H. with a $21,000,000 increase
of reserve, these items being an obvious
reflection of the week's heavy gold im
ports.
The bond market manifested an easier
tendency on nominal dealings. Total sales,
par value, amounted to $1,320,000.
1 nited States coupon 4s declined y ler
cent, and Panama 3s
call during the week.
issues
(Iiy the Aasooiatl Press).
Chicago. Ills.. Aug. 14. Iig receipts and
the disturbed export situation gave a de
cided advantage today to the bears in
wheat. Largely as a result, the market
closed unsettled. 7A to 2 under last night.
a
was
4-
witli September at 1.05, and
l.ntji.i. Corn suffered a loss of
K net, and oats of
visions the outcome
down.
Jrain and provisions closing
WHEAT
Sept. 1.05; Dec. 1.00.
CORN
Sept. 74: Iec. G3V4.
OATS
Sept. 39; Dec. 30Vj.
PORK
Sept. 13.95; Oct. 14.05.
LARD
Sept. S.00: Oct. S.07.
inns
Sept. 8.85; Oct. 8.90.
Cash gram:
Wheat. No. 2 red
hard 1.131.15.
Corn. No. 2 yellow
low SOfaSO v..
December
to
In
pro-
unchanged to 10
nor cent on the
Other government
advanced Vi to V per cent.
NKW YORK STOCK LIST.
Sales in
Hundreds.
High. Low. Close.
Middling uplands
.r9
ooy4
514
58
NORFOLK COTTON MARKET.
(Reported by Holmes and Dawson.)
Good middling 914
since middling 9
K 1 1 I1 1 1 ti r
. . .. .. .. 7.
Strict low middling 8
Low middling 73-;
Aian;ei quiet.
R A LIC Kill COTTON MARKET.
(Reported by Parker llros. and Co.)
Receipts, 16 bales.
Oood middling 8
Strict middling 8
Middling 8V4
WW graucs u to 7
NEW ORLEANS COTTON.
(II j the Associated Press).
;ncw Orleans, La.. Aug. 14. Little atten
tion wa paid to bullish features todav in
tne cotton market and enough selling dev-
eiOed to hold prices under the level of
yesterday's close. At the lowest prices
were 1 to 7 points down. Toward the
end of the session, shorts brought covers
and tlie close was steady at a net loss of
1 to 2 foints.
Cables were better than due, but they
aid not neip opening prices, which were a
point off on the near mouths. The bullish
con sumption figures from the census bu
reau railed to stimulate support and the
approach of the tropical storm nearer to
trie cotton belt did not encourage buying.
reeling was bearish over the export and
rorvLgn exchange situation and because
or the growing conviction that England
momy would put cotton on the coutra
band list.
veiling undoubtedly was held in check
ny Duuisii influences, but at no time did
me market develop any buying power.
rcauer conaitions over tne txHt were con
Biaerea rarorable because of
showers.
Cotton futures closed steady
rline of 1 to 2 points. Close:
lc. :i.42; Jan. 9.55; March 9.7S;
Slt cotton quiet unchanged,
the pot 190. to arrive 1,275.
8.94.
1G SOVi 78-
Am. P.eet Sugar .. 58
American Can. . .285
Am. Cities pfd
Am. Cotton Oil
Am. Smelting.
American Sugar
Ant. Tel. and Tel
American Tobacco . 1 228 228
Atchison 11 102 102V&
Atlantic C. L
Hal. and Ohio. .. 14 82V-'. K2
Rethlehem Steel. . 14 292 285
Rrook. Rap. Trans. 32 85 83
Canadian Pacific . . 15 153 152
Central Leather. .. 5 42 42U
Chesa. and Ohio. . 2 46 45
Chi. Mil. and St. P. 11 S3 82
Chi. R. I. and Pac. 5 174 10
Consolidated Gas
Corn Products . . 20 10 V 1C
Erie 51 28 27 Vs
General Motors.. . 16 220 216
Gt. Northern pfd. . 2 119 118
Illinois Central
Inler-Met. pfd
Kan City Southern. 22 28 28
59
60
46
51
SO
109
122
22S
102
102
82
290
85
153
424
46
82
16
126
16
IV ft
219
11S
100
74
28
Louis, and Nash 113
scattered
at a dc-
Oct. 9.15:
May 9.98.
?aies on
Middling
Liggett and Myers.
IO rill a rd Co 3
Maxwell Motor Co.. 44
Mis. Kan. and Tex. 5
Missouri Pacific. .. 21
Mex. Petroleum ... 58
National Lead . . 8
N. Y. Central ... 8
N. Y., N. II. and IT. 1
Norfolk an 1 West.. 1
Northern Pacific .. 7
Pennsylvania ... 14
Reading 132
Rep Iron and St. . 33
Rep. I. and St. pfd. 1
Seaboard A. L. . . 2
Seaboard A. L. pfd.
SI. Sheff St. and L.
Studebaker Corpo
Southern Pacific
Southern Railwnv
Southern Ry. pfd.
Tennessee Copper
Texas Co
and Pacific
Pacific. . .
Rubber. . .
Steel
Steel pfd. .
Copper
46
.136
176
42
K
o
81
64
90
64
107
108
109
148
44
98
14
100
DAILY PORT MOVEMENT.
New
1.676;
127.6!)
Galveston: Middling 9;
exports 11,217 : stock 93.911.
Mobile: Middling 8.18;
stock 12,256.
Savannah: Middlirg 8.63
Pales 210; stock 58,901.
Charleston: Receipts 18:
uneans:- Middling 8.94: receipts
rMwn i,iw; sales l,4(K; stock
receipts 2,641;
receipts 444;
; receipts 1SS;
Texas
Union
U. S.
TT. S.
IT. S.
Utah
Vir. Caro-Chem.
Western Union .
Westinghouse
Electric . . . .
Allis-Chalmers .
Ann"conda . . ,
Crucible Steel . .
Total sales for
30
6
390
o
22
34
4
.175
.191
. 41
.206
'44
143
48
74
112
65
26
71
H-
42
67 Vi
7.)
175
40
7
1
78
63
90
64
107
107
108
146
42
98
14
49
89"
16
42
143
130
47
73
112
65
36
70
111
36
66
mi L
220
176
41
.15
81
66
90
64
107
108
108
148
43
98 Vi
14
S3
50
99
89
16
48
44
143$
12
131
47
73
112
65
36
71
112
40?
67
72
the day 380,500 shares
BUTTER STEADY.
161
Wilmington: Receipts
7Z; kiock si.wf.
Norfolk: Middling 8;
ales T3: stock 44.076.
Haiti more: Stock 1.964.
I'.oHton: Middling 9.30; stock
I'biUdelphla:
New York :
stock 42,488.
Elgin. Ills., Aug. 14 Butter steady 24c
WEEK'S BANK STATEMENT.
exports 6,-
recelpts 317 :
13.000.
1.071.0S ; No.
80?:S1 : No. 4 yel-
1EDERAL RESERVE BANK.
(Slecial to The New ami ;s--v..
New Bern. Aug. 14. A re; :
Pamlico county is to the c:v
the United States govei -nmr
fered to pay Will Dixun. of 1
five hundred thousand doI!n
patent on an invention w i
protect ships from attack wr
pedoes. Mr. Dixon claims
given eight seconds notice, in
vent a torpedo from striki:
and can equip the vessel with
paratus at a cost of live thou;
lars. He went to Washtngt
days ago to demonstrate th- 1;,:
before the Naval Board and th
so much impressed a)i it
claimed, the offer of this i ;.
was made for the sole rights
Another Invention.
D. S. Koonce, a blind man wi
at Ocean, in Carteret countv. i
fected a system of placing th
duction of a photograph of m
a tombstone and declares Uni
not be effaced once it is th- 1.
this invention put into pram,
vice and general use. it will
possible to look upm a likn.-sv
departed while reailing tiie ins.
on his monument.
1
1 '
Washington, D. C, Aug. 14 The Federal
Reserve P.ank statement for the weelc ena-
inir Autrust 13 follows:
Resources: Gold coin and certificates
m vault .ruv.4.UU. iom seuiemeui innu
$5.3,4iK).0C0. (laid redemption fund with
nited States treasurer $1,804,000. Total
gold reserve $264,271,000. legal tender
notes silver, etc.. $20,919,000. Total reserve
$285,220,000. Rills diseounti'd and bought
PHILADELPHIA TRIES
TO SAVE THE BABIES
$3,41.000. Ma-
$10,215,000. Ma-
m days $14,968,000. Ma
90 davs $10,170,000. Ma-
over 90 days $2,024,000. Total $40,-
Maturities within 10 day
turities within 30 days
turities within
turities within
turities
Nl 8.000.
Investments: U. S. bonds $8,007,000. Mu
nicipal warrants $18,558,000. Due from
Federal Reserve Ranks, net $4.02.ooo. Fed
eral reserve notes, net $11,266,000. All
other resources $o,023,OO0. Total resources
$374,120.00.
Liabilities: Capital pain in $54,331,000.
Reserve deposits, net $301 ,926.000. Federal
reserve notes, net $15,723,000. All othei
liabilities $2,140,000. Total liabilities $374,
120.000. Gold reserve against net lia
bilities 84.3 per cent. Cash reserve against
net liabilities 90.0 per cent.
Cash reserve against liabilities after set
ting aside 40 per cent gold reserve against
net amount of Federal reserve notes in
circulation 93.6 per cent.
NEW YORK PROVISIONS.
New
closed.
Spot coffee steady
9.
York, Aug. 14. Spot sugar market
Rio 7s, 7; Santos 4s,
NEW YORK MONEY.
New
iorK, Aug. n. Mercantile paper
k i : j 1 . m. T , , A r r -a
r-AKXjo'x. nifiuuK w nay oios i.iw: ue-
mand 4.69.50; cables 4.70.25. Francs, de
mand 5.90: cables 5.89.
Bar silver 47 ; Mexican dollars 36 ;
government bonds easy. Railroad bonds
easy.
WESTERN LIVE STOCK.
Chicago, Ills., Aug. 14. Hogs unsettled.
Bulk 6.407.15; light 7.007.80; mixed 6.30
7.6-j: heavy 6.05rd7.10; rough 6.050.20;
pigs .yocqr.7rj.
Cattle steady. Native beef cattle
10.25: cows and heifers 3.10(5)9.10;
8.0011.75.
Sheep steady. Sheep 5.906.65;
6.758.95.
NEW YORK DRY GOODS.
6.10(9!
calves
lambs
New York, Aug. 14. Openings of dress
goods announced by some large staple
mills snow advances on wide goods of
cents a yard. Burlaps were very firm to
day. Cotton goods and yarns were steady
witu aemana siigntiy Detter.
TO WAIT COTTON REPORT.
Liverpool, Aug. 14. The cotton exchange
here will remain open until 6 p. m., on
August 31 to receive the American Agri
culture Department's report on the con
dition of the cotton crop.
NAVAL STORES.
25K.
Miuor
Total
Middling 9.55; stock 1,
Mlddllng 9.30; stock 231,-
Iort8:
today
20,043; stock 691.904.
Stock 29,425
Receipts
i.ji:;
exports
Interior Movement.
Houston: Middling 9; receipts 3.216;
shipments 3,;n; saies ; siock 44,-j39
Meinnliln: Middling 8.87; receipts 123
(Oil omenta CI: sales 200; stock 71,076.
AugusU: Middling 8.63; receipts 275;
Rhl omenta 621: sales 339; stock 104,773.
8t. Ijouls: Middling $: receipts 377;
KhlnmentH 894: sales 850: stock 14,264
Piiiflnnatl: Ueceints 75: shipments 104
tock 15,125.
IJtUe Hock: Middling
shipments 120; sales 120;
ball: Middling 85;
ToUl ioda: Receipts
6,106; stock 21T.T75.
8: receipts 17;
stock 7.798.
sales S66.
4,083; shipments
New York, Aug. 14. The actual condi
tion of clearing house banks and trust
companies for the week shows that they
nold Sis .232.860 reserve in excess of leiral
requirement?. This is an increase of $21.
174,520 over last week.
Actual Condition :
Loans, etc.. increased $25,191,000. Re
serve iu own vaults increased $29,806,000.
Reserve in Federal Reserve Bank increased
$303,000. Reserve in other depositaries in
creased $116,000. Net demand rienrwita In-
Creased $50,772,000. Net time deposits de
creased $548,000. Circulation increased
$70,000. Aggregate reserve $35.66.000. Rr-
CS?11 WW.232.800. Increase $21.
1 74.o JO.
Summary of State banks and trust com
panies in greater New York not included
in clearing house statement:
Loans, etc., increased $763,800. Specie
."v.nnru lAni tenners inprom.
$166300. Total deposits increaa i"
Banks cash reserve in vrhR $10'-
Trust corn nn n i oah r..,,
$48,101,400. 1U
ed
408,400.
572. W0.
vault
Sheep could be purchased for four
pence each in England in the twelfth
Savannah, da., Aug. 14.
38e; sales 274; receipts
116; stock 17,207.
Rosin firm: sales 1,187: receipts
shipments 1,313: stock 61.428.
Quote: A.B. 2.90; C.D.E. 2.95; F
G. 3J5; H.I.K. 3.30; M. 4.00; N. 4.85
5.55; WW. 5.70.
COTTON SEED OIL
LIVERPOOL COTTON.
Korty IVaincil Nurst I made Cim-i-
imI Softio-ii to Sprt-ad ;wp i ,,f
TIealtli.
Philadeljihia Record.
On a scale never before ati ,-ut !.
Philadelphia in sending a -r;i ! ;
trained nurses into the vnc, i
wards to spread the gospel nl h -i. u
and to care for the mass of i 1 1 1' - 1 i-
nate babies who are sinter;. ,
their environment and povi-v 1
spend the summer months t; i r
and suffering in health.
The infant mortality vvhi h in- 1
sinister significance in th" ' .h
where poor housing conditions s ',
congested sleeping (uart rs. .i.M.i .
evty conspire for the little ori'-s' 1- 1
must come down. Dr. Ziel- i ot
Department of Health, says, ir i 1
long as councils will not furtii-h
funds it will continue.
From house to house. seki:u'
infants who are struggling to r. : i.u
a hold on life after just coming into
the nurses go. Not only do th
devote their attention to the l i 1 1 1 -
already here, but they assist "i"
mothers in preparing a better .v or! l
for little strangers whose arrival n
expected. All of the nurses are kil! - I
in pre-natal work and the prosj -rti .
mothers are instructed as to th
methods of caring for thernselvs.
The baby saving stations an i h
pitals formerly conducted on ('h-.tn it
and Race streets recreation piers wid
be abandoned this year. Dr. Zil
said that the noise of the traffic it. t
the tooting of whistles on the Dela
ware river made them poor pi u es 1 r
sick infants to seek quiet. Asi i- tr m
this reason, he explained, the m'-ir.-1'
of treating the babies in their , :
would obtain better results. :i '
piers it required three nurses t rr
for 15 or 20 babies. In their h
this number could be visited o i
one nurse.
Another reason why better r- '.
would be obtained. Dr. Ziegb-r '
out, was because the enviionni T
the babies could be studied -sr.-i ' -edied
to some extent. Sudden - '
can be blamed principally on th -.
The mothers, accordingly, an: t
to avoid creating a humid at mo.-;'
by the steam of cooking and dan :
in their homes. Whil" this nngh
affect auults it makes it d"il"i:v , .
comfortable and unhealthy f
babies and often results fatal'.v
It Was a Pu.Ier.
-Turpentine firm
474; shipments
1,235;
3.00;
WG.
"V -T 1 . A 1 S
i-w iurK, auk- . ocion seed oil wa
ouu ana ieaturetess with prices a shade
easier, reflecting the decline in lard and
j"1 uriuu ju Kenerai. r inai prices were
x 10 points net lower. Sales 1,000 bar
rels.
'1 1. , ... . .
xuf rnarKet ciosea quiet and stadv
'i''-'t Aug. i).T(q.ig; Sept. 5.77
rr-' ot-, : or. 5.7741 5.81
..aiia ; Jan. &.H2fer..9.t Poh r.
Ti.ui; 3iarcn 6.07raj.tn. Total sales
l.tHW.
aer :
low
nd
Liverpool. Aug. 14. Cotton srvot e.
good middling 5.70: middling 5 4u-
export 400. Rec-eipts 1.000.
rtSi Xr AjiRUHt Aug. -Sept.
il fYY. ; " l- a-v1s. iXt.-Nov. 5.39; Nov.
J-tT "aVV , 5 5JV: Mrch-April 5.G2; April:
New Tork Pvening Journal.
Pensively Patrick gazed into th ;
sty, and fixed his eye and knit?" 1
brow on the fat little objec
snugly snorted to itself.
"H'm," he muttered as. shit tin :
a different position, he viewed rh
let from another angle.
Along came Betty O'Hoyle. h' '
even her pretty face could lir 1
rick from hLs contemplations.
"An" how's the pig, Pat?" sh" a
slightly piqued by his indiffereru .
"He's a livin' wonder." cur -emphatic
answer.
"Shure, and how's that. f'ltr; . .
inquired Betty, drawing near-r
sty.
"Be jabbers," exclaimed .th-
templative one, "he's just gu7.zh . ; '
pailfuls of milk, and then I p it !
in the pail and he didn't half hii
The Russian infantry uses ' '
sighted up to 3,000 paces, irid '
a magazine capacity for fiv !
tridges. The infantry men an-.
the whole, good marksmen. 1 1 -not
so grwd as the Cossack - avt,'
men. who use a similar though sh"'
er rifle.

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