Newspaper Page Text
PAGE EIGHT
JWARKETS OF THE WORLD.
NLW YORK COTTON.
(Saturday'! Figures.)
. Open. High Ix>w. Clone.
January xux 9 <)3 895 »03
Uciober 9 20 9 24 9 16 9 24
u<‘cember .. 9 02 9 06 8 98 9 06
Tone Steady.
Spot*—lo 50.
(Friday's Figures.)
. Open High. Jjrjw. Clog".
'f" uar y 902 903 901 902
October 910 91' 906 912
December 899 903 898 803
Ton*—Steady.
Spot*—lo%.
NKW ORLEANS COTTON.
(Saturday’s Figures.)
Open. High. I/jw. Close.
January 9 07 9 07 9 07 9 07
October 912 920 912 9 .'J
December 902 911 902 911
Tone Stead;
Spot*"-10 It
(Friday's Figures.)
, Open. High. Ijow. Close I
January . 8 9.. 901 893 898
K r 10 00 10 40 10 03 10 ‘
Dt JmLr 9 !° 919 9 1° 91»
Tone S’eadr * 9B 903 894 901 I
Spot*—lo.(o.
CHICAGO MARKET.
(Saturday's Figures.)
r - r 8"
December (new) ~r 7, ~-7 , , ?'
COHN- °° l/9 1 001/9 981/4 99
September 76% „ .
December.. . ..... ,*
May “ 4/ « iA * bß * #374
OATS- 63 9 831/9 62%
SoDtitniber.. .. **>-,
i.ec. mber. ; 5 % 4fi
May.. II 89 4744 4 «% 46%
PORK ' 4-, % 49% 48% 18%
September. ir nr ir - „„
Jinuirv * ••***■* 16 22 % 15 16 l.» 22*^
i A»uV- • 16 05 16 10 WH 1« 07Vi
ar r v. •* m 930 930
January . 4 1' 9 49/9 9 37 % 949
IIIIIS 920 929 *l® » 17%
September D B - Al , . „
t»ct o be r ..;... 7.::;.:. .7.7; 70 8 72 % * 7O »72%
January h L ,52 89 88 - n
(Friday's Figures.)
Rt r 0,, " n 93 H ' Bh9 4 *%,% C ' oM it
CORN J “ 9,,7 t | 94 % 95%
December " " 7 ' 49 77/4 76% 76%
OATS— '* ” 84,9 ' ti 4%
December *.!,£ ? 7 * 4 ?> 47
POKK-- “ 4749 47 % 47% 47%
September
October
I,A HD
Be|iiember 925 930 925 925
HII'S * 946 9 40 935 936
September 865 8 72% 865 865
O** o ** l- 75 > 82% 875 875
NKW YORK STOCKS.
(Saturday’! Figure*.)
Amalgamated Copper 70
American Car ami Foundry.. . .
<.m. Car and Fndry ptd 102
American Cotton Oil
Am. Hide and leather pfd., .. 20 Vj
Amerlcau Ice Hncurltlea 29'j
American btnaevd ins,
American latcomotlvi- ,y, i,
American Locomotive pfd Hit;
Am. Milling and Hefna 'lux*
Am. Hnicltliig and itcfng pfd... . luht*
American Sugar Reftnlcg 133*,
American Tobacco pfd 53
Amurlcan Wooten 2:,U
Anaconda Mining Co tilt,
Atchlacn . v
Atchison pfd., .. !H'.,
Atlantic Coast Line 91
Ualtimore and Ohio 92A,
Haiti more and Ohio pfd Xf>
Hrooklyn Rapid Transit 52
Canadian Partite J6»t,
Central Leather.. .. ~ gsH
Central l/eatner pfd.. ~ .. .. pot,
Central of New Jersey 200
Chesapeake and Ohio 411,
Chicago Crest Western fit,
Chicago and North Western.. ~1M»
l nleago. Mil and St I* t44t*
C.. C., O. and St. lamia,. ~ ~ 6;,A*
Colorado Fuel and Iron., .. 52%
Colorado Southern ~ .. S; „
Colo. Southern tat pfd B 2
Colo Southern 2nd pfd 5.3
Consolidated (jaa ..ISetj
Corn Products Igs,
Delaware and Hudson. ~ , ,168
Iteuver and Rio Orande 86
Denver and Rio Orande pfd.. ~ t'.f.c,
atillera' Securities.. ~ ~ ..35
Krte .. ~ ~ .. J2\
Krle Ist pfd 3K
Krle 2nd pfd
Oeueral Electric .. . .. . wi
Ur. al Northern pfd ISfit,
Oreat Northern Ore Ctfa. i;s>,
lltlnota Central 136
Interborough Metropolitan... .. IIS
Iniv. orough Mat ptd.., ~ .. s;t,
International Papet 10
International Paper pfd , ~ ~55
International Pump 21 ,
lowa Central 17
Kansas City Southern 23S
Karas* City Southern pfd . 56'»
Ixmlavllle and Naahvilla 10M)
Mexican Central,. ~ ~ .. ~ is
Minneapolis and St lamia., ~ 23
M St P A Sit St M . ..117S
kltaaourt Pacific 53*,
Missouri. Kansas and Texas . . . 3|
M K and 1 < \pfd gj 4^
National 1-oad
New York Central .... . .UI6A,
N Y Or,! and Wi .torn ... t .
Norfolk and Western 734,
North Antorlcsn xp,
Northern Pacific. 14,3
Pacific Mall
1 Pennsylvania 124'/ 4 •
People's (Isa
Pittsburg, C. C. and Ht, L.. .. 71
Pressed Steel Car. 33V,
Pullman Palace Cnr,, ~ ~ ~163
Railway Steel Spring.. '.'. .’ 4344
Reading jj;ja
Repuhlle Steel 22
Republic Sleel pfd 76',
Ris k Island Co igi
Rock Island Co., pfd .’ .. 32\
St I. and San Fran 2d pfd ... 26
St L and Southwestern 17\,
St. L and S'weslern pfd 39',
Sloss Sheffield Steel and Iron ! 62>^
Southern Pacific 941’
Southern l**rtflc pfd 117',
Southern Hallway 19
Southern Railway pfd.. .. .. 49'^
Tennessee Copper 377,
Texas and Pacific ' 24\
Toledo, St. L and Weal 26
Tol St U and West pfd,. .. 56
Cnion Pacific
I'nlon Pacific pfd 55
l'lilted States Rubber 33
l tilted States Rubber Ist pfd.. 99 V*
United States Steel., 4U9
United Slates Steel pfd. IbS'x
Utah Copper 43
' trgtnla Carolina Chemical. . .. 2K'j
Va Carolina Chem pfd . .. . .KHty
Wahush 129,
Wabash pfd 261$
Westlnghouse Electric. fig
Western Cnlou. 56
Wheeling and Lake Krle 91^
Wisconsin Central ;s
Standard OR ~ ~ .. 640
augustXcotton.
Today's Quotations in Lo
cal Market.
Augusta. C>a Aug 15, 190 K
Middling today— 108*.
Middling lasi yesr—l3* a .
Ton*—Quid and steady.
(Today'* Figures.)
Good ordinary 9 >.»
Strict good middling 9 19
te>« middling ~,.10 ig;
Strict low middling ... 10 1-2
Middling ...10 5 8
Strict middling 10 3 1
Good middling .. 10 7 S
Good ordinary stains 7 34
low middling stains ... ... .. g 3.9 j
Tinges. Ist 10 l ; ■
Tinges, 2nd 10 1-4 i
(Yesterday's Figure*.)
Close. ]
Good ordinary ~ 9 141
Strict good ordinary 9 l-g !
l-ow middling io i$ ;
Strict low middling.. 10 1-; j
Middling 10 5-8
Strict middling 10 3-4
Good middling 10 7-8
Good ordinary stains 7 3-4
Low middling stains 8 3 8
First tinges 10 1-2
„econd tinges 10 1-4
Net receipts today 231 j
Through cotton today.. .. .. .. 286
Gross receipts today 517 ]
Receipts, Sales, Shipments
and Other Cotton News.
Receipts for Week.
Ha!—- Spin. Shplt <
Sat 250 241 381
Mon .... ....
Tues
; Wed ....
i hura .... ....
Frl
Totals. . . 250 241 381
1908. 1907.
Sat 517 122
I . .on . . ....
1 Tues. . ....
V\ ed. . . ....
Thurs ....
Frl
Totals. . . 517 122
Stocks and Receipts.
Stork in AugUßta, 1908 10.086
Stock In Augusta, 1907 6,578 1
Receipts since S‘-p' 1. 1907... .356,372 j
Receipts since Sept 1, 1906. ... 369,470
In B!ght and Sunply.
Sight to Aug 5..11,417.113 13,396.434
During week . . 60,732 52,266
Visible supply... 1,863,296 2,537,208
Estimates for Tomorrow.
Today. Last Vr.
3000-4000 Galveston 816
|3600-4500 Houston 1148 :
650-950 New Orleans 419 i
Port Receipts.
Today. Last Yr.
Galveston 3233 1359
New Orleans. . .. .. 257 50
Mobile 55 217
; Savannah 747 748
| Charleston. 103 365
Wilmington l 27
Norfolk 197 13 j
Baltimore ....I
New York ~ \
Hoston .... |
Philadelphia 75 1
Brunswick ....
j Pensacola ...,
. arlous .... |
Total porl.s (est.).. 4000 2854 j
Interior Receipts.
Houston 3349 828
Augusta 517 122
Memphis 13 .... |
St. l-ouls 80 76
Cincinnati .... i
Little Rock ....
LIVERPOOL COTTON.
Open. 2 p.m. dost !
Inn-1 ob. . .4.91 ...... 4.90%
Fab-Mar |
; Mar Apr. . . 4.94 4.93
Apr May
May-June |
I June July i
July Aug. . .5.67 ’ 5.67
Aug Sept. . . 5.28 5.27%
St pt Oct . .5 "7 5.07%
Oct-Nov. . . 5.01 5.00
Nov Deo. . .4.95 4.93
Dec-Jan. . .4.91 4.91%
Sales, 2,000; receipts, 1,200; tone,
| quiet; middling 5.96.
CHICAGO CASH GRAIN
QUOTATIONS SATURDAY
CHICAGO. II!. — Cash quotations
were an follows:
Flour: Winter patent. 4.10*4.60;
straight, 3 85a4 3,5; spring patent, 5.50
*5.70; straight, 4.00*5.20; bakers,
2 70a4 00.
No. 2 spring wheat. 1.12: No. 3,
l.nOal 12; No 2 red, 94 1-2*95.
No. 2 corn, 78 1-2*34,
No. 2 yellow. i 9.
No. 2 oats. 46 1-2.
No 2 white, 47 1-4.
No 3 white, 46a 17.
No 2 rye, 77*78.
Good feeding barley,
Fair to choice malting, t !a66.
No 1 flax seed.
No 1 northwestern. 1.32 1-2.
Prime Timothy seed, 3.50a3 65,
Clover contract grades. 12 25
Short ribs. sides ~oose| S 'l2 1 2a
8.80.
Mess pork per bbl., 15.00*15.05.
I ard per 100 lbs . 9.27 1-8.
Short clear sides (boxed) 887 12a
912 12.
Whiskey, basis of high wine*. 1 37.
Wheat, receipts 159.000 bushels:
shipment* 227.700.
Corn, receipt* 149.900 bu*hel*; ship
ment* 117.500
Oats, receipt* 319.900 bußhols; ship
ment* 189 900.
The produce exchange waa closed
today
BANK STATEMENT.
NFW YORK The changes a* com
pared with last week are:
Old surplus decrease. 11.605.630;
new surplus, decrease. $1,608,650;
loans Increase, $14.392.000 ‘'specie.
Increase. $1,844,200, legal tenders. In
crease. $9 61, '0n, net deposits. In
crease, $17,411,800; circulation de
crease $306 800; United States do
posit* decrease. $12,000; total loans.
$1,290,018,600 total reserve. $lO4.
100,700! surplus. $57,618,625; surplus,
not counting reserve against United
States deposits. $59,924,525.
CHICAGO CATTLE MARKET
RECEIPTS AND PRICES
CHICAGO, lll—Cattle: Receipts.
1,000; market steady.
Reeves 3,65*7.75; Texas steers, 350
*5 20; western steers, 350*6.50; stock
er* and feeders, 2.40a2 45; cows and
heifer*. 1 60*1.75; calves. 1.50*1.70
Hog* Receipts. 8,000; market s*lo
rent* higher.
l.'ght. 6 50*6 67 1-2. pig*. 5 70*6 SO; j
mixed. 6 10*6 70; heavy, 6 05*6 70,
gmvd to choice heavy. 6 35*6 70; rough.
6 05*6 35; bulk of sale*. 6 40*6 60
Sheep: Receipt*. 2.000; steady.
Western. 2 75*4 35; yearlings. 425 a
5 00; lambs, 8.50*6.50; wester*. 4,25*
6 40.
THE AUGUSTA HERALD.
SILL CROP UNO
SILL DEMAND
HURTS MARKET
NEW YORK.—The break In cotton
-seed oil, said Henry Worlenman, one
of the leading figures In the market
on the produce exchange, ''especially
In the old crop options, has been due
to a small crop and a still smaller de
mand There Is actually a considera
ble surplus In oil at present. Gauging
things by the reports of the cotton
crop, the prospects for a liberal sup
ply are quite certain.
“I believe that the present low
prices should attract buyers. Europe
has been very wary recently and has
done little purchasing. The people
over there have also gone through the
hard times, and as yet they are dis
inclined to load up much on products.
The feeling is, however, that the Eu
ropean demand will gradually in
crease.
“In answer to the question of the
hour, 'will the* producers become dis
couraged or will the buyers come in?'
I believe the latter. September will
show at least which way the wind is
to blow. It seems to be the opinion
of my fellow produce exchange mem
bers that trade In general is going
to pick up a great deal after the
presidential election.”
NLW CROP IMS!
! RICHER J CLOSE
August Dropped Forty
Points and Spots Ten, but
October and December
Showed Gain Over Last
Prices.
NEW YORK—The cotton market
opened unchanged prices to
an advance of four points on scat
tered covering. Prices eased off some
i four or five points right after the
opening, but the market rallied again
during the middle of the morning,
with October selling at 9.21, or the
Highest price since the break of last
Wednesday. The demand seemed to
come chiefly from shorts, probably
evening up for over the week-end.
Later reports are that only 600 bales
;of yesterday’s spot sales In Savannah
are to come to New York for de
livery on August contracts. The mar
ket closed steady with prices forty
points lower to seven points higher,
i Receipts at the ports today, 4.095
i bales against 1.900 last week and
, 2,309 last year. For the week, 40,000
bales, against 24.037 last week and
10,978 last year. Today’s receipts at
New Orleans, 257 bales, against 50
last year, and at Houston, 3,349 bales,
against 828 last year.
Spot closed quiet, ten points lower;
middling uplands 10.50; middling
gulf 10.75; suleß, 68 bales.
Futures opened and closed steady.
STUCK MARKET IN
K QOJCT STATE
Campnrative Change* were
in SiKht Yesterclay, but
Toward the Close General
Covering bad Effect.
NEW YORK The opening of the
stock market was awaited with con
slderahle interest this morning, owing
lo the severe decline of yesterday.
Reports that speculative pools had
liquidated heavily, and that Impor
tant market Interests were selling
were colored to some extent by the
lack of support to special stocks yes
terday.
The market abroad, however, show
ed little reflection of the weakness
here yesterday and after early heavi
ness rallied, so ;hat when business
commenced here, the comparative
changes were slight. This circum
stance had an encouraging effect on
the local speculation so that first
prices were not altered much from
last night's closing, though the ten
dency was downward.
In Ihe final dealings there w-as a
general covering movement of exten
sive proportions which reduced gen
eral losses to a trivial fraction and
advanced St. Paul to a point above
yesterday's closing The bond mar
k> • was steady. Rales SBIO,OOO.
I tv . regts ored advanced 1-4
per rent on call during the week.
Total sulcs of stocks today 472,606
share*. Including. Copper. 46.000;
smelting, 50.500; Sugar 700; Tobao
00. 100; Chesapeake and Ohio, 400;
Louisville and Nashville. 600; Norfolk
and Western. 600; Reading. 86,800:
Sins* Sheffield. 400; Southern Rail
wav. 600: Southern Railway prefer
red. 100; Tennessee Copper, 200;
Union Paciflc, 73.700; United States
st.-- s ’860; Virginia Carolina Chem.
leal. 300.
MONEY LOANS F I RM.
NE WYORK—Money on call nom‘-
na! Time loans firm ard dull; 60
day* 2 and 90 davs 2 1-2 per cent;
tlx month!. 3 1-2*4 percent. Close -
Prime mercantile paper 3 to 6 per
cent. Sterling exchange steady with
netual business in bankers bill* at
484 90 a 9 95 for 60 day* and at 488
40 a 485 4* for demand. Commercial
bills 484 a 484 6 9 B*r atlver 51
Mexican dollars, 45s
RAILROADS PAYING
RIC DIVIDENDS
ON CAPITAL
No Right to Increase the
Rates is Likely to be
Granted Because of the
Heavy Business in Sight.
——
(By Thomas C. Shotwell.)
NEW YORK.—Thomas W. Lawson
continued his raid on the stock mar
ket today, paying particular atten
tion to Smelters and Amalgamated
Copper. Smelters sold 17 points low
er than the figure at which Lawson
began his raid early in the week. J
The entire list of industrials was j
heavy. Railroads were held relative
ly firm. Best opinion in Wall street
is that the stock market will soon
recover from the present decline
The close was weak and at about
the lowest prices of the day.
Perhaps the most important devel
opment of the past week has been
realization by railroad managers that
it will be impossible for them to
make a radical advance in freight
rates. Several have disavowed any
purpose to do so. They know even
better than the public that the real
reason so many railroad companies
are in distress is shat graft has been
capitalized and sold to investors. The
| railroads are earning enormous in
! conies on the real Investment, but
I hundreds of millions of stock are out
j standing and paying dividends, al
j though never a dollar ever came into
j the treasuries in return for that stock.
Common knowledge that the rail
roads cannot honestly demand a
freight rate increase is making the
puolic suspicious of the stock mar
ket. This fact was shown in tne
past week when the Wall street pow
erg adopted sensational methods to
draw the public into the market.
They had advanced prices to a level
where bumper crops, elections, cheap
money and complete resumption of
business apparently discounted.
But the public has not taken enough
interest to suit the insiders, who still
own the bulk of stocks. The brass
bands were started and the public
immediately marched away from Wall
street. There is every Indication,
nowever, that the music will be kept
going until the mob is attracted back
again, for, unable to raise freight
rates, the railroad managers must
unload stocks before the beginning
of the period of receiverships and re
organizations with which the great
railroad systems are face to face.
It is a time to talk plain English,
and the plain English of the situa
tion is that not a railroad In Amer
ica could pay dividends without bor
rowing the money with which to pay
them. The facts are not stated so
bluntly when the bonds are Issued
but that is what is meant. The New
York Central is staggering under a
load of bonds and storks amounting
to $363,000 a mile. Ontario and West
ern has $266,000 a mile, and the New
Haven, $162,000; Erie, $233,000; Bal
timore and Ohio, $120,000; Chesa
peake and Ohio, $105,000; Pennsyl
vania, $146,000; Reading, $245,000;
Wabash, $103,000. The slgnlflcence
of these figures can be realized best
perhaps by comparing them with Can
i adian Pacific, which has a capltaliza
; tion of only $34,000 a mile.
One result of this over capitallza-
I tion is that the export grain trade has
been lost by New York because the
railroads are unable to compete with
the Canadian lines. Montreal has
fallen heir to this vast commerce.
DEPOSITS SHOW
BIGJNCREASE
Legal Tender, Specie and
Reserve Show Increase,
But Comparative Re
serve is Below Last week.
NEW YORK—Money on lall nomt
rlenrirc house banks for the wo
shows that the banks hold s"'
mcr> than the requirement of the
25 per cent reserve rule. This Is a
decrease ot $1,605,650 in the proper
’lonrt ■ cash reserve ns compared with
last week.
The statement follows:
1 os - :*, sl.2?r 012601, increase. $14,-
"92.000; deposits. $1,383,929,300; in
crease. $17,111 900. Circulation. $53..
1.96.600; d crease. $306,900; legal
under $79,646,800; increase, $90.1.-
10" specie, $324,635,900; increase, $1 .
v 44 sop; reserve . $404,100,700; in
crease $2,747,300; reserve required
$3lB 4x7.0’"-. increase $4,332, 950
surplus. $'7,618,625, decrease. $1,605.-
6.50; ex U B deposits, $59,924.52.5;
decrease. $1,608,850.
The percentage of ac'ual reserve of
the clearing house banks at the close
of business yesterday was 29 43.
The s'atemcnt of banks and trust
companies of Greater New York not
members of the clearing house shows
tha' these institutions have aggregate
d»roslts of $1,025,423,000 to’al cash
on hand $100,861,200, and loans
amounting to $915,097,100.
LIVERPOOL MARKET.
I.IVERPOOL-—Closing: Cotton spot
dull; prices four points higher; Am
crlcsn middling fair 654 g.xvd mid
dllng 618; middling. 5 96; low mid
dllng, 5 58. good ordinary. 5 00; or
'ilPJtry. 466 The calls of the dav
were 200 bales, including 1.4(10 Am
erlean Receipts 12.000 bales, includ
tng 7,300 American.
FINANCIAL
THE NATIONAL BANK OF AUGUSTA
707 BROAD STREET.
ORGANIZED 1565.
CAPITAL, SURPLUS AND PROFITS $490,000.00
L. C. HAYNE, President. CHAS. R, CLARK, Caehler.
BEGINNING AUG. IST, 1908, this Bank will pay 4 per cent In
terest on CERTIFICATES OF DEPOSITS. These certificate* will
be issued by us In sums et $lO 0.00 and up, for of
time, to suit the Depositors’ convenience.
SAFETY LOCK BOXES $3.00 TO $20.00 PER YEAR.
The business of our out of town frlsnds carefully looked after.
CORRESPONDENCE INVITED.
you deposit it with us and take one of our I
CERTIFICATES OF DEPOSIT. 8
We pay you 4 Per Cent per annum if 1
you leave it wit hus three months or longer. 1
The National Exchange Bank . I
CAPITAL AND SURPLUS, $540,000.00. 1
Georgia Railroad Bank
Augusta, Georgia.
This Bank Solicits the banking business of
merchants and corporations. We pay 4 Per Cent
Interest on all deposits placed in our Saving* Dept.
YOUR ACCOUNT INVITED.
AN IDEAL PLAN FOR INVESTMENT
I* furnished by our Coupon Certificate* of Depoalt. Issued fee
One Hundred Dollars and upward, from tho moment they are depeett
ed drawing interest at Four Per Cent, paid four tlmea a year, »h*y
are cashable
INSTANTLY—ANYWHERE.
Merchants Bank,
Capital and Surplus. . ... ... .. .....$300,000.00
m WEATHER
EMU SCARE
Fears of a Drouth Sent
New Orleans Upward and
Active Months Closed
Steady at Good Advance.
N’KW ORLEANS—Cotton Spots were
quiet, with prices unchanged. Mid
dling 16 cents. Sales were 100 bales
on the spot and 900 to arrive.
Futures opened barely steady, un
changed !o one point below the close
yesterday, which was about as due on
the cables. Subsequently a drought
scare in Teias, gotten out by longs,
served to advance the market a few
points In spite of the fact that the re
port was not borne out by the weather
map. Shorts, however, covered ov«:'
Sunday to some extent and the mar
ket was given a good upward turn.
The half day session, on the whole,
unvold of any big factors either bul
lish or bearish and the advances scor
ed during the morning were held fair
ly well. At the close, which '
steady, the active months were 6 tg
9 points aoove the close yoaterdav.
Closing bids:
August, 9.75; September. 9.40; Oc
tober. 9.20; November, 9.12: Deeer
ber. 9.18; January, 9.16; February,
9.16; March, 9.21.
SPOT COTTON MARKETS.
Tone. Middling.
Galveston, steady XO 1-8
New Orleans, quiet 10
Mobile, nominal 10
Savannah, quiet 9 7-8
Charleston, firm 10 1-4
Wilmington, nominal
Norfolk, steady 10 3-4
Ualtimore, nominal 11
New York quiet 10.50
Boston, quiet 10.30
Phllaedlphla. quiet 10.75
Interior Movement.
Tone. Middling.
Houston, steady 10 1-8
Augusta, quiet 10 5-8
Memphis, quiet 10
St Louts, quiet 10 1-4
Cincinnati
I/onlsvllle. quiet 10 1-4
Little Rock, dull 9 5-8
PRICES FIRM hTtHE
DRY GOODS MARKET
NEW YORK—The dry goods mar
ket for the day was very quiet. Job
bers who did not get the full assort
ment they were looking for at the
auction made a round of the selling
agencies during the dav and foun-1
prices fairly firm. Sales of print
cloths for the week were In exeess
of the production Dresx linen or
ders are very gratifying to Importer!
and house keeping linens are being
called for better. Burlaps are easier
In the Calcutta market.
SUNDAY, AUGUST 16
FINANCIAL
WHEAT CLOSE! AT
LOSS£A CENT
Corn and Oats Also Took a
Tumble, But Previsions
Were Firm and Higher
on tbe Closing Quota
tions.
CHICAGO —Liberal tales by lead
ing holders caused a (lump In wheat
prices on the local exchange today,
the September delivery closing at a
net loss of lc. Corn was oft 1 1-8 4
1 1-4. Oats were lal 1-8 lower. Pro
visions were 6 to 12 1-2 higher.
WALL STREET NOTES
NEW YORK—The number of shares
of stocks sold today was 472,610
against 352.239 the same day last
year.
The total par value of bonds sold
today was SBIO,OOO against $926,000
the same day a year ago.
The Standard Oil company la said
to have placed In the past week with
the steel trust the largest order for
material ever receive* at one time.
Car building companies are figur
ing on about S.OOO steel ears for the
Harriman linos, but no contract will
be given until all bids are In.
Wall street wns full of the belief
that receivership would be announced
for all or part of Rock Island sys
tem within the next six months. Tt
is said that the thing has been load
ed on the Frleco and that that com
pany may be sacrificed. It haa ob
ligations of about $7,000,000 to fi
nance before December. The feel
ing against Reck Island la Intensified
by the belief that Insider* have been
iunning a bear campaign In It* stocks.
Vice President C. M. Hayes of the
Great Trunk Railway aald today that
the dividends had not been earned for
the last half year. Earnings of tho
system were only sufficient, said he,
to pay dividends upon the guaranteed
stock He expected that the six
months win show enough to pay on
the preferred stock.
million indian~sold
RELEASED IN LONDON
LONDON—There has been a mil
lion Indian gold released to the mar
ket but It Is probable that this will
be offset at the opening of week
by the treasury bill payment.
Markets today were ilfeleee. Con
sols gained 1-8 ont other gilt edged
share* showed few change*
Pari* exchange on London wsa un
changed at 25 franc* 16 centimes;
Berlin rate was 1-2 pfenning higher
a; 20 marks 40 nfennlngs.
There was no change In discount*
here er on uv* continent.