The farmer and mechanic. [volume], October 26, 1915, Page 14, Image 14

About The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??

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14
THE FARMER AND MECHANIC.
COTTON STEAM 01
BULLISH REPORTS
TRADING ISAGTIVE PRICES FOR WHEAT
E
Oil STOCK MARKET
SON
WHAT LOIR
Southern Spot Advices and Several New High Records Are Thousands of Carloads Rush-
Liverpool Firmness Give
General Tone On New York
Market; Trading Weakens
Later, However
NVw York. Oct. 23 Bullish Southern
spot advices and Liverpool steadiness im
parted a generally steady tone to the
cotton market daring today's early trad
ing, but prices weakened later on reports
of unsettled sterling exchange and pros
pect for more favorable weather over Sun
day. The closing was steady net unchang
ed to seven points lower.
The market opened unchanged to two
points higher and after some irregularity
Made, But Confusion Is Fea-i
ture of Most Sales; Autos
and Baldwin Go To New
Marks
(By the Associated Press).
New York. Oct. 23 Trading was active
but confused during today's session of the
stock market in which several new high
records were made, mainly in automobile
shares and Ilaldwiu Locomotive. The lat
ter rose 5& to 1544 in the first hour, but
dropped 7 "points later on unofficial denial
that the company was to figure in a mer
ger with the Midvale Steel Company.
Studebaker and Continental Can also
rtlil 4. tfk 7 rwnlnta ntwiro Inst nicht with
December touching 12.50, MarcbT12.82 and manifested reactionary tendencies, the far
May 12.97. There was scattered covering roer losing 7 points at 183, while can
mi nam local tmvinir encouracea ny ia- jwiucu
vornble reviews of the domestic goods mar
kets and reports that Southern spot cot
ton holders were not following the decline
in futures.
Private Liverpool cables contributed to
the bullish view In tbis respect by re
porting that the market there had ad
vanced on some trade calling In the ab
sence of hedging, and it was reported that
there was a good Russian export demand.
Uncertainty as to the showing of ginning
figures on Monday and the forecast for
generally fair weather over Sunday cheek
t h hrrrlni howpvpr nnd offerinsrs he-
ram hMrtfr in th late trading owing to I change.
the break in Sterling exchange. Houses The September
with Memohia and New Orleans connec
tlons were among the late sellers while
there was considerable pressure upon local
sources with December selling off to 12.40
and March to 12.71.
Futures closed steady:
over i to 100 on the statement
that it has failed to close a large war
contract. General Electric. Willys Over
land and Pullman Car were among the
other heavy specialties.
United States Steel held around yester-
day'3 closing price, but denoted some
pressure in the final dealings, when the
entire, list developed heaviness in connec
tion with the weakness in foreign exchange.
London s stock exchange was closed, but
further offerings of our securities were
reported from that center, presumably as
a direct outcome of the break in ex-
Open. High. Low. Close, excess reserve
statement of Southern
Pacific earnings showed a net gain of
$829,000.
The bank statement showed an appreci
able cash gain but actual loans expanded
by over $46,000,000 and deposits by $42,
600,000, with an increase of $4,536,000 in
ing To Market Have Bearish
Effect at Chicago; Close Is
1 3-41 7-8 To 2 3-8 Net
Decline; Dec. 97 3-4
(By the Associated Tress)
Chicago. 111., October 23. Thousands
of car loads of wheat rushing
to market in the Northwest had an un
mistakable bearish effect today on specu
lators here. As a result prices, although
steady at the close, were !5ll to 2
net lower, with December at 97 and May
at 100.
Corn showed a setback of 4 to li cents
end oats of (44 to cent. In provisions
the outcome varied from to 10 cents de
cline to a rise of 5 cents.
Grain and provisions closed:
WHEAT
December 97 ; May lOOi.
CORN
December 57; May 5S.
OATS
December 37: May 38Ts
PORK December 13.50; January 1G.35.
LARD
November 8.82: January 9.00.
RIBS
October 9.37: January 8.90.
Cash grain :
wheat-
No. 2 red 110: No. 3 red 104SG;107 : No
2 hard nominal; No. 3 hard 98(QJl02'i.
CORN
No. 2 yellow 651,4(560.
SHIFTING ENGINES
AS FIRE FIGHTERS
Philadelphia Public Ledger.
Writers of railroad fiction h-
ways delighted in personif vins
shifting engine as a disconsolate '
tie locomotive that puffs around
happily on sidetracks in the f
yard and watches with longing .
the massive big passenger e -
that walk away majestically
splendid big express trains and ' ".
der out into the delights of u
journey through gneen field? ;i ..;
turesque mountain passes.
No longer does the shifting .
take a back seat for the passon,
comotive. Statistics just conn. .!.-
the Pennsylvania Railroad os .( ,
show the shifting -engine has ' l.u
the passenger engine's monop :,
all the thrills. It means sonu i;
now to be a yard shifter
Pennsylvania Railroad.
To protect its property
by fire, the Pennsylvania
roent has had "shifte ;s"
with special firefighting
Not only does the insignificant
'shifter" get all the cxcit-me..-
going out and fighting the Harris '
threaten railroad terminals, ki. i:; .
vators and freight stations, but , .
often proves the savior of h ;
cious cargo consigned to t'ie k-. ',. .
of the heroic passenger loct-uioa-,
Figures show that the shift r,
gine has been instrumental in c . u:, -
down the Pennsylvania Railroad t:;
losses by big amounts in seven vcn
The average fire loss on the Pennsyl
vania system is approximately J::.. . .
000 on an average valuation of $ m .
000,000, or 12 1-2 cents per $10c
Although the number of fit, n
1914 was greater than any other y. ;i-
f !'()!!.
nt.i!..j
ejui;,;
appar.i-
December 12.31 12.50 12.40 12.42
January 12.50 12.63 12.53 12.54
March 12.73 12.84 12.71 12.74
May 12.90 12.97 12.83 12.88
July 12.99 13.01 12.90 12.92
Spot cotton quiet:
12.45.
No sales.
middling uplands
The bond market was firm on light deal
ings.
Total sales, par value, aggregated $2,
370,000.
United States bonds were higher by
to Vi per rent on call for the week.
New York Meek List.
Sales in
Hundreds Iligh. Low
Naval Stores.
Savannah. Oct. 23. Turpentine firm 52
&53j; sales 124; receipts 1S9; shipments
: stork 10.83 1.
Rosin firm: sales S20; receipts 738; ship
ments 145: stock St. 434.
Quote: A B 4.40; C D and E 4.60: F G
aud II 4.55(34.00; I 4.60; K 4.80: M 5.60;
N 5. SO; WG &5 WW 6.50.
Allis-Chalmers
Am. Beet Sugar
American Can
Am. C. and F.
Am. Cities pfd.
Am. Smelting
American Sugar .
Am. Tel. and Tel.
Am. Tobacco . . .
Anaconda 21
Atchison 9
New Orleans Cotton.
New Orleans. Oct. 23. After an advance
of 6 to 8 points early today cotton de
etlned under lia nidation and closed with
in a. nolnt of the lowest, at a net decline of
3 to 5 noints. It was a small week-end sea- I Am. Cotton Oil
Inn with both fddos Inclined to even ud I Am. Locomotive
in preparation for the government report
Monday.
The early improvement was in sympathy
with better cables and bullish expectations
regarding ginning. Shorts were inclined
to cover and thev found offerings limited.
Sterling exchange weakness created an un- I At. Coast Line
favorable impression, and checked the ud- I Baldwin Loco.
ward tenanecy.
Later in the day offerings came princi
Dally from the long side.
Weather conditions over the belt showed
improvement and to a small extent were
again t values.
Close steady at a decline of 3 to 5 points.
Closing bids:
Dec. 12.26; Jan. 12.44; March 12.68; May
12. S4: July 12.03.
Spot cotton steady, unchanged. Sales on
the spot ;wo bales; to arrive 7ir.
Middling 12c.
51
. 25
. 52
.388
" 21
.200
. 40
. 10
. 5
. 6
44T
66
63
94
644
74
92
113
124
230
75
106
.322
. i
. 3
, 45
. 54
. 13
o
93
585
87
172'
57
Liverpool Cotton.
Liverpool. Oct. 23. Cotton spot steady;
rood middling 7.52; middling 7.20; low
middling a.T2.
Rales 10.000 bales; speculation and ex
port 2.000.
Futnres barely steady: Oct. 7.05; Oct.
Nov. 7.05: Nov.-Dec. 7.05; Dec.-Jan. 7.05;
J an. -Feb. 7.05; Feb.-March 7.06; March-
April 7.07; April-May 7.07; May-June
.7.07; June-July 7.04; July-Aug. 7.01;
Aug.-Sept. 0.87; Sept.-Oct. 6.71V; Oct.-
Nov. G.C7-i.
Cotton Sed Oil.
New York, Oct. 23. The cotton seed oil
market was steady early on moderate com
miAfrion house buying on firmness in the
crude position, but selling became more
'aggressive in the late months and later
; prices were Irregular, closing at net un
cnanged to points decline.
The market closed firm.
Soot 7.90f8.10: Oct. 7. 90(38. 05: Nov.
R.0l(4S.O4 ; Dec. 7.988.00; Jan. 7.97(3;
: 7.98; Feb. 8.02Q8.06; March 8.038.04;
April s.on'cJ.m.it; May s.ioy.'jo.
Total sales 9,000 barrels.
c5 Dally Cotton Table.
Port Movement.
New Orleans: Middling 12.00; receipts
4JXj0; exports 109; sales 1,075; stock 203,-
Galveston: Middling 12.30; receipts 14,
140; exports 28,871; sales 150; stock 259,-
Mobile: Middling 11.88; receipts 7C2;
Savannah: Middling 12.00; receipts
526; sales 52G; stock 181.739.
Charleston: Middling 12.00; receipts 2,
655 ; fitoek 92 088.
Wilmington: Receipts 1,659; stock 40,
062.
Norfolk: Middling 12.00; receipts 3,791;
uloa Tin otwlr M 1'
Baltimore: Stock 3,575.
Boston: Middling 12.45: stock 4.500.
Philadelphia: Middling 12.70; exports
zvu; stoca i:,.Jio.
New York: Middling 12.45; stock 301,-
MUior porta: Receipts 2.C95; stock 53.800.
Total today: Receipts 30,178: exports
Baltl. and Ohio .
Bethlehem Steel .
Brooklyn R. T. . .
Canadian Pac. .
Central Leather
Ches. and Ohio .
C, M. and St. P.
CIt.I. and P, Ry.. 51
Con. (Jas 29
Crucible Steel ... 18
Erie 223
General Electric . , 8
Gen. Motors .... 5 381
Gt. Nor. pfd. ... . S 122
Illinois Central . ..
Inter. Con. Cor. . . 36
92
143
36
178
K. City Sou. . . .
Lehigh Valley . . .
Louis, and Nash...
Liggett and Myers.
Lorillard Co. . . .
M., K. and Tex. pfd
Mex. Petroleum . .
National Lead . . .
N. Y. Central . . .
N.Y..N.H. and H. .
Nor. and West. . .
Nor. Pacific
Pennsylvania . . .
Reading
R. I. and Steel . .
R. I. and Steel pfd..
Seaboard A. L. . . .
S. A. L. pfd
S. S. S. and Iron . .
Studebaker Cor.
4
13
u
28
76
65
63
87U
63
73
02
111
230
74
106
142
92
585
87
171
58
57
92
16
140
92
35
176
371
121
21
28
76
248
17G
89
67
10 100
11 81
117
112
58
79
r5
104
44
14
17
11
19
19
33
1
248
17G
87
67
99
80
116
111
58
79
54
104
t
1
53
Southern Pac. ... 17
9
21
w
1
25
12
Southern Ry. ,
Sou. Ry. pfd. . .
Tenn. Copper .
Texas Co
Tex. and Pacific
TTnion Pacific .
V. S. Rubber . .
IT. S. Steel 470
U. S. Steel pfd. . . 14
Utah Copper .... 51
Vir. Car. Chem. . . 40
Western Union ... 3
West Electric . .205
Gt. Nor. Ore . . .112
Va. I. and Ceal . . 3
39
61
190
98
21
63
163'
13
136
55
87
115
70
47
80
73
52
69
39
61
183
97
20
C2
162
13
135
54
86
115
70
46
79
72
52
68
t;!osr.
44
65
63
90
46
63
73
02$
111
124
230
74
106
111
142
92
585
87
171
58
57
92
16
141
94
36
176
373
1214
106
21
28
76
124
-248
17G
14
89
67
100
80
116
111
58
79
54
104
16
39
61
188
J" 74
21
59
62
162
13
135
54
86
115
70
47
80
72
52
68
lVlrslHre Peanut Market.
(Reported bv Rodger, Plummer and Co.,
Inc.)
SPANISH -Farmers
stock.
Old stock 75c to 80c per bushel.
New stock, market not yet formally
opened.
Cleaners
Offering for dry and cleau Spanish 85c
per bushel.
Green and dirty 40c to 60c per bushel.
We nrge farmers the importance of hav
ing their peanuts thoroughly seasoned be
fore threshing.
VIRGINIAS
Farmers stock, market steady.
Fancy jumbo 3c per pound.
Fancy hand-picked 3c.
Extra prime 3c per pound.
Shelling stock 2c per pound.
FEDERAL RESERVE REPORT
the amount of loss was les
1914 fires were from can
which the railroad company
control. Incendiaries star;
ftes, boys were responsible
tramps for 15, lightning to
carelessness with matches
bacco for 16. The shifting
have saved the company manv
sands of dollars
In a resume of the opera ti i
railroad insurance plan the p.
vania company states tlat thro:
own insurance fund it now us..
fire and marine risk of nmr
$400,000,000 and that its i s
fund is greater than the net
of the third largest lire i;;
company in this country.
.L:
- . i ,
h:.
.1
! . :
ii. I
THE BARETTi: JiKVIVI I)
Women A-airi Weariii" Hair-Holder.
JcM-elcr.s Savs.
Philadelphia livening ledger.
The barette, which lost m.u
about two or three vears ago. is com
ing; back into its own again, according
to one of the leading city jewelers.
This will be hailed with delight t.v
the nervTous women particularly, who
are nearly distracted by the tiny wisps
of hair which become separated fiom
their brothers and sisters and i a 1 1
down over the back of the collar in m
(By the Associated Press).
vv asnimrton. ucz. z:i. i nfi ki pra re
serve board's weekly statement issued to- untidy fashion.
uciv, cuvenut: iue exose oi ousiness uctooer a. nareLte mav maKe or ltvu- ;u
2 ii0 a.n increase sinc last week otherwise beautiful coiffure and should
LB'JhJfSt J1 selected with as much care as a
ffoid reserve. Th alumpnt. fAiinWB. nat, said a Philadelphia hair-dres- i.
"Resources? ("Jnlfl fnln nnil porfifitoa in I ' It is a beautifully shaped li-el
vault $227,005,000. Gold settlement fund indeed that can stand the hair sli kej
$54,670,000. Gold redemption fund with back from the face, drawn up ti-Thtlf
United States Treasurer $1,212,000. Total in the back in a knot, and finished
reJ??Ifs .?f-'S2& Le1 tender with a barette fitting snujrly anr.-t
bought, maturities within ten days, $7,
263,000. Maturities from 11 to 30 days $11,
19S.0U0. Maturities from 31 to 60 davs
$14,094,000. Maturities from 61 to 90 davs
$VJ7S,000. Maturities over 90 days $1.-
7S9.000. Total $43,322,000. Investments,
United States bonds $10,4SO,000. Municipal
warrants $25,381,000. Federal reserve notes
net $15,680,000. Due from Federal re
serve notes in circulation 91.1 per cent.
sources $3,162,000. Total resources $427,
'Unfortunately, some women
very little thought to the size or
of a barette, and in consequent
about with heads of hair beautm
arranged but conspicuous by th 'o
ness in shape and size of harette
barette is not a barette any mor t!
a pair of stockings; there are si
and styles each adapted to a iitT-
head or foot, as the case micht t"
A
:: ri
'1 '
and
nnvommcnf fiflnAc.ifD ik rsm tw V ' , I aamtv. nlam erold in oval and
deposits, net, $340,444,000. Federal reserre shapes ior every aay wear
notes, net. $14,809,000. All other liabilities
$2,793,000. Total liabilities 427.880.000.
Gold reserve against net liabilities 70.3 per
ceni. v;asn reserve against net liabilities
88.9 per cent. Cash reserve asainst lia
bilities after setting aside 40 per cent gold
reserve against net amount or Federal re-
serven otes in circulation 91. per cent.
ones in the same shapes in so! i
studded with tink pearls.
WEEKLY BANK REPORT
Total sales for the day 520,200 shares.
RALEIGH PBODTJCE MARKET.
Meats.
Hams, per lb.. 205.22 c.
Sausage, per lb., 20c.
Poultry, Eggs and Butter.
Hens, each, 50c.
Chickens, each, 3440c.
Eggs, per dozen, 25c.
Butter, per lb., 30c.
Fruit, Truck and Vegetables.
P.utter beans, per peck, $1.00fi$1.25.
Field peas, per peck, 75c.$1.00.
Sweet potatoes, per bushel, 50c.
Raleigh Cotton Market.
(Reported by Parker Bros, and Co.)
Receipts yesterday 84 bales.
Good middling 12
Strict middling liTi
Middling ji
liow graaes lU(all
New York Provisions.
New York. Oct. 23. Raw sugar easy : mo
lasses 3.62; centrifugal 4.39; refined
steady.
Coffee, Rio No. 7. 7c: futures irregular;
December 6.49; May 6.68.
TOSSED BY ANGRY BULL.
Interior Movement.
Houston: Middling 12.25: receipts 14.- Strict middling
L. A A. s mmm . ' .
UlDmeULS llf.iVH SaiM l.ftfil Ktnr-b M rif ntr
, , Strict low middling
Hwnpua: anaanne iz.zo: receipts 6.832: Low middling
ftiapnients 4,232; sales 750; stock 131,607. Market quiet
fthipmenta 1,352; sales 1,044: stock 158.334. '
b W 1 - ma ' .
Norfolk Cotton Market.
(Reported bv Holmes and Dawson.)
Good middling ..128
12
11
.11,
lOTs
- '-7 f-
MlndllnfiT 191'. im na CtOQ I rti, : , r. o-i t i , ,,
Clnnt'Tfi7 . , 7.50; light 0.807.80; mixed .8087.95:
725?k 47? P ' shlPment8 V rough6.G06.80; heavy 6.0O7.8O; pjgs
TH r hinVo 1 w . 7 . I aiue siow; native Deer steers
TWl, shipments 1,123 ; sales 1,123; stock 19,-10.40; cows and heifers 2.858.:k-
7.00(511 .00.
ship-1 Sheep steady: wethers 6.0fi-6.65-
4.00a;6.0O: lamb? G.60gs.85.
St. LouLs:
220.
l.t1 today : Receipts 29.632:
6.000;
calves
Youth Hits Rafter and Start Up
Again When Saved By Father.
Berwick, Pa., dispatch to Philadelphia
Record.
Tossed to the rafters of the cow
stable by an angry bull, R. O. Shaffer,
years old, of Zenith, narrowlv es
caped death before being rescued by
his father.
When the bull turned on him as he
was taking it to a watering trough, he
landed on the bull's head, and after
striking the rafters was tossed a sec
ond time. The father than seized ti
rope fastened to the bull's nose and
snubbed the rope around a pole when
it turned on him. His son lias two
ribs fractured and suffers contused
wound? of the bodv.
New York, Oct. 23.-Tin- stnternr.? -'
actual condition of clearing hous t -:
and trust companies for tbc week -that
they hold $192,800,050 resprv.- i;. -cess
of legal requirements. Tiii
increase of $4,536,330 over la;t wc-iv
The statement follows:
Actual condition: Loans. h.. in-.--.i-"i
$46,023,000. Reserve in own vaults .!. rf
ed $5,755,000. Reserve in Federal p-'-rv
bank increased $5,652,000. Reserve in f
depositaries inereasxl $12,6Ti9.!00. N-
mand deposits increased $42.580.O(t.. Nm1
time deposits increased $2,953,0t0- -latioo
increased $168,000. Azr-z'i'
serve $720,1 f5,000. Excess reserve iu r
$4,536,330.
Summary of State banks aul tru- 1
panies in Greater New York not iu- ' !'
in clearinfir house statement: Loan- '
increased '$6,436,330. Specie increased
900. Legal tenders inereased lOtM1
tal deposits lecreasel $1,17-. 1 ' : "
cash reserve in vault $10,750.K'.
companies cash reserve in vault
Vew York
York. O t. 2.T
Monej-.
Merman'
Sterling, (iu day billc
cables 4. 6.. 75.
liar silver 487
Mexican dollars ?.
Government bonds steady.
Railroad bonds firm.
d-ni:i'i'i
in
New York Ilr.v immJ.
New Y-rk. ().-t. S. -fan" :
th markets in lare nniii": in
pation of the larpre ai-tun .i :vl
ens verv nrm. 'ottn z: uvi
steady. Knit jroods nt;d
.iUv l!iir!.'i rirn.
i r
A '