Newspaper Page Text
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 '