Newspaper Page Text
PAGE SIX
News of the Cotton Crop and Markets
AUCUSTA COTTON MARKET
Middling Today lO l^
New Cotton Today V/z
Tone—Quiet
New York Cotton Market
{Sa*urc*a y'» Figure*.)
Open High Imw Close
January 8 48 8.58 8.45 8 48
Aufuit ii.il 8 56 9 51 9 58
October M 2 8 74 8 81 8.89
December 8 52 8 80 8.50 8.56
Tone, %t« idy. Spot* 10.00
(Friday's Figure*.i
Open. High Ixiw. Close.
January 8 8.58 8 44 8.53
August 9 5.5 9 80 9 45 9.60
October 8 65 8 74 8.51 8 70
December ... 8 4 863 847 8.59
Tone, sternly. Spots 10c.
NEW ORLEANS COTTON.
(Saturdiy's Figure*.)
open High Imw Close
J*nu»ry B.til 9 65 8.80 8.66
October 8 64 8 67 8 64 8.66
December 8 56 8.61 8.55 8.60
Tone, quiet Spot* '<\c.
(Friday '• Figure*.)
Open Hltth. Low Close.
.1 nntinry 8.56 8 69 8.57 8 63
October 8 60 8 74 8 60 8.74
December 8.54 8 66 8 57 8.63
Tone steady. Spots s \r
FILL QUOTATIONS
IS LOCiUHTS
(Today'* Figure*, i
(I'd til'd Ins it 7 3 1
strict good ordinary 8 ?, 4
lam raidtiling 9 3-4 1
blrlri low middling to 1 s'
Middling 10 11
Strict middling 10 8 1
flood middling 10 1-3
flood Irdlnar stains 7 3 9
Dow middling slain* 8r
Tinges (Ist I 10 16
Tinge* (2nd I 9 7-8
(YettercUy'p Figures.)
Clone, j
Oood ordinary 7 7-S
Htrict gtKHi tnlcHllng 8 7-K i
Low middling ~,9 7-8*
Btrlct low mlddllnK 10 1 4
Middling 10 .4 f*
Htrlrt middling 10 1-2
(rood middling 10 f 4
Good ordinary Kt.itnn 7 12
laow middling Rtnlni 8 181
Low middling ai ttlna 8 I h j
Tlngwi Man 10 14
'liugt-K (2nd) 100
RECEIPTS. SHIES
UNO SHIPMENTS
N>t rwrwipt* todnv IT!
Through cotion today 90
Qroaa rocHtit* today 2^2
Receipts for Week.
Halo*. Spin Shpll
Smar . . . I*3 SO 190
Mon. .... ...
Tu«a .... ....
Wed .' ....
Thurs .... ....
Fti
Total* . . 192 90 IXI
1908 1907.
Hal.. . . . 262 28
Mnn ........ ....
Tun........ ....
Wed ....... ....
Thurt ....... ....
Prl. . . ....
Total* . . .'B2 28
STOCKS AND RECbIPTS
Slock In Augusta. K.Tim
slue# Sept I. IWT Sfs7,4M
uli’Ct* 1,
W SIGHT AND SUPPLY
l wit 190?
Right to \ufl 11 .11.4*9 45! IMM.PI
I’Uiihft work 72.05? '57,621
YUlblc supply IJSS.WI 2421,971
ESTIMATES FOR TOMORROW
Today Last Tr
(Tblvweton "#»*
<B7BOO ilouetoa lab*
SMV66O New Orleans 90
COTTON SEED OIL.
NFW YORK The roll, n seed oil
market waa iiulei with prices barely
•toady Spot quoted at 28 3 «
PORI RECEIPTS
Today. Hast Yr.
Glllvestni 4614 1790
New Orleans 360 149
Mobile 318 7
Savannah 1285 832
Charleston 226 5
Wilmington 3 ....
Norfolk 61 1
llaltlpinre ....
New York ....
Itoston.... .. ....
Philadelphia
Hrnnawtrk ....
Pensacola ....
artnus ....
total ports test) ....7000 278-.
INTERIOR RECEIPTS
Houston 6573
Augusta 262 28
Memphis ....
St l.oot* ....
Cincinnati
Little Hook
LIVERPOOL COTTON.
Open Close
lull A Kel> 470 4.67
Felt A Mar 4 69 4.68A a
Mar * Apr 4.74 4.7 ft
i Apr * Ma> 4 74 4.71
i May A June 4.73% 4 72%
June A July
July A Aug 5.46 6 12 v
! Aug A Sept 6.08 4 99%
1 f'Pl ft Oct . . . 4 S 3 Vs 4 79
| Oct A Not 4.77 4 73
j Nov and Dec ~ ..4.73 46P
'*'< ami tail 4 71 4 <7U
Sates >OOO Receipt* 1,600. Tone,
quiet Middling 5,5 g
SPOT COTTON MARKET.
tIALVKHTON—Tone, quiet. Mid
dlltia. 99»,
NKW ORLEANS Tone, e*»y; mid
dllng. 4A,
SAVANNAH-Tone, quiet; mid
I dllng. o*l
CHARLESTON Tone, quiet; mid
Ulna. *<S
NORFOLK Tone, dull; mlddltna
10\*
HALTI MORE Tone. none, mid
dllng. ION
NKW YORK -Tone, quiet: mliV
dllllg lo
.OHTON Ton* quiet; mlddltna
to
PHILADELPHIA Tone, quiet mid
dllna 10 14
Total today at all pi rts. net. 8.7(17
foneolldatud at ij! purls. net (5,787
Total slnoe Sept t. at ail |H»rta.
net s.I.ua.MO
HOUSTON Tone, quiet; mlddltna.
9%
AUGUSTA Tone quiet, mlddltna.
IK t 4
MKMI’HIR Tone, quiet mlddltna
LOUISVILLE Tone, ttrm; raid
dllna U“»
LITTLK ROOK—Tone, dull; raid
dHn*. 9N
BRITISH RAILROADS
PAY BIG DIVIDENDS
NKW YORK There mi no Lon
, don market today Cable* repaired,
however, iqioke of th t . influence In
, aeneral of ihe hank*' reeenl *tmnt
weekly statement* and of the re
le*»e of *36 000,000 in dividend* on
i British railroad stock* The aold out
put of Khode*l* for July wa* 34.237
ounee*. about the aamr a* lor July,
; 1907 rTeneh rente* were strong
' a»id premium *« unchanged *1 M*
' utid and Lisbon and *llvei mi re
lamed atlll inclined to ratty.
CHICAGO MARKET.
(Saturday’s Figure*.)
WHKAT — Open. High. I/>w. Oloee
September 93% 93% 92% 93
December 94% 94% 93% 94
May 98% 98% 98% 98%
CORN—
September 77% 77% 76% 77
December 66 66 66% 65%
May 64% 64% 64% 64%
!OATS—
September 49% 49% 49% 49%
December 48% 48% 48% 18%
May 50% 50% 50% 50%
PORK—
September 1447% 1447% 1400 1410
October 1455% 1457% 1410 H2O
January 1557% 1557,2 1530 1537%
LARD —
September 917% 917% 91C 912%
October 925 927% 915 920
January 910 910 902% 902%
KIMS—
September 865 865 855 855
October 875 875 865 865
January 805 805 800 802%
(Friday '* Figure*.)
WHKAT— Open. High. Low. Cloae.
September 93% 94% 93% 93%
December 94% 95% 94% 94%
CORN—
September 77% 77% 77% 77%.
December 65% 65% 6b% 65%
OATS
Septemoer 49 49% 49 49%
December 45% 48% 48% 48%
PORK —
September .... .... ....
October .... .... ....
I, Alt t < —
September 925 927% 912% 912%
October 935 935 925 925
IUHK
September 872% 875 865 865
October 882% 885 875 875
New York Stock Market
Amalgamated Copper 78%
Am Car A Foundry 39%
Am Car ft Foundry pfd .. ..102%
Am Cotton Oil 34
Am. Hide A: Leather pfd .. ..20
Am. Ice Securities 29%
Ain. Linseed 10%
Am. Locomotive 5V4
Am. Locomotive pfd 105
Am. Smelting ft Refining . . . .93
Am. Smelting ft Reflnlng pfd ..134%
Am. Tobacco pfd 53
Am. Woolen 23Vj
Anaconda .Mining Co 46%
Atchison 87%
Atchison pfd 94%
Otlantic ''oast Line 90
Haltlmore ft Ohio 9343
I altlmore ft Ohio pfd 82
Brooklyn R-ttdd Transit 51%
Canadian Pacific 172%
(Vntral Leather 28%
Central Leather ptd 96%
TV viral of New Jersey 195
Chesapeake ft Ohio 4'
Chicago Great Western 64
Chicago ft North Western .. .158%
Chicago, Mil. ft St. Paul.. ..141%
0., C. C. ft St. Louis 54
Colorado Fuel ft Iron 33
Colorado ft Southern ..3 %
Colnrano ft Southern Ist pfd . .62
Colorado ft Southern 2nd pfd 51
Consolidated Gas 135
Corn Product* i 9
Delaware ft Hudson ..107%
Denver ft Rio Grande 25%
Dourer ft Rio Grande pfd 66%
Dlstlllcis' Securities 95
l>lc 22%
K.rli . Isi p'd 117
Erie, 2nd pfd 28
General Wleetrle .'4 1
Great Northern Ore t'tfs 6 ■ ,
Illinois Central 135%
Inlerborough Met 11 t
intarhorough 'let pfd 1%
International Paper 10
International Paper pfd 55
In'ernattonal Piimt 24',
lows Central
Kansas City Southern 25
Kansas < It* Southern pfd .... 53
BIK STITEHENT
SHOIDJP WELL
Bin Increuae in Reserve
anil General Condition
aatiafaetory in the money
Market Saturday.
NKW YORK The atatwment of the
clearlna house bank* for the week
allowed that the hank* hold 363,147.975
more than the requirement* of the
i 25 per cent re»orv t . rule Tht* 1* an
1 lncre«»e of 13,339 350 In the propor-
I tlonate cash reserve as compared
with last week
The statement follows Loan*
i 286 391,W0 decrease $3 412.300, de
|h>*T,« 31.388,134.*i*0. Increase $l,lOB,
t(>o, circulation $ .5.173,600. decrease
$531,000, lcaal tender* $71,918,000. de
crease $549,800; specie $3,11,366.700.
Increase $6.1530,800, reserve $410.181,.
1 700. Increase $6,081,000, reserve re
! qulred $.347,0.3.7,718. Increase $850,750;
' surplus $(59,147,975, Increase $3 335.
.750 KV r S deposit* $65,461 525. In
crease $5,537,000
The percenlace of act nil reserve of
the clearing house hanks »t the close
of business vetterdsr was 29 80
The slalemenl of hanks and trust
companies of Greater New York not
member* of the rlearlng hous,> shows
that these Institution* have aggregate
deposits of $1 036 729.000, total cash
on hand. $103.089 900. snd loans
amounting to $990,383,000
MONEY LOANS EASY.
NKW YORK Money on call nomi
nal Time loan* e**\ and vsn flulj.
60 d*\* 2 per cent and 9o dsvs, 2 1 2
land 2 3 4 per cent six month*. 3 1-2
1 and 3 3 4 per eenL
THE AUGUSTA HERALD.
J. C. McAIIIFFE.
Market Editor
Loiiisulle ft Nashville 10.'%
Math an Central 16
Minneapolis & St. Louis .. ..26
Minn.. St. F. ft Sault St. M . .11S
Missouri Pacific 54%
Missouri, Kansas & Texas . .. Tl
Missouri, Kansas ft Texas, | fd. .65%
National Lead 84'4
New York Central 104
New a oik, Ontvo A Western 41%
Norfolk & Wes'ciu .74
North American 63
Northern Pucilic .. .. .. .. . 1-13%
Pt. iflc Mull 24%
Pennsyh mila . 123%
People's Gas 95%
Pittsburg. C. C . ft St. Louiu.. 93
Pressed Steel Car 33%
Pullman Palace Car 163
Railway Steel Spring ..41
Reading 124%
Republic Steel 22%
Republic Steel pfd 77%
Rock island Co 17
Rock .Blind pfd 30
St. Louis ft San Fran. 2nn pfd 21’4
St. Louis Southwestern 16%
St. I.ouls .-iiithwestern pfd .. ..18%
Sins* Sheffield and Iron 60%
Southern Pacific 98%
Southern Pacific pfd 118
Southern Railway . H 55%
Southern Idtlway pfd 48V,
Tennessee (opowr 37
Texas ft Pacific 25
Toledo, St. Louis ft West 25%
Tnlcd' . St. IkUlis ft West, pfl . 53
In lon Pacific 150%
Crlon Pacific pfd 85
United State* Rubber 33
United State.’. Rubber, Ist pfd 99%
United States '-teel .. 4a',*
United States Steel pfd 108
Utah Copper 43%
V t -Carolina Chemical 2 7
A a-Carolina Cncr leal pfd .. ..105
Wnl.ash . 12",
Wabash pfd 25%
Westlnghouse r rcty'c 71
Western Union .... . 55%
AA heeling ft 1 abe Frle 9
Wisconsin Central .29
Standard Oil , . 635
LIVERPOOL 001
ON MCLOSING
English Cotton Market
Continued it« decline and
There Waa But Little do
ing at the Exchange.
LIVERPOOL.—Cotton—Spot quiet;
prices closed 3 points lower; Amer
ican middling fair 6.12; good middling
5.7(5; middling 5 56; low middling
5.38; good ordinary 4.(59; ordinary
4 28. The sales of the day were 2,000
bale*, of which 100 were for specula
tlon and export and Included. 1.600
American No receipts.
Future* opened and closed quiet.
August 5.42 12. August September
4 99 1-2, September October 4 79; Oc
tober November 4 73; November-Do
eemher 4 69; Dcretuber-January 467
1 2; Janusry.r'ebruary 4 67; February-
March 468 1-2; March April 4 70;
Vpril-May 4.71; May June 4.72 1-2.
AUGUSTA CLEARING
HOUSE ASSOCIATION.
Augusta, Ga. Aug 22 1908.
Statement of average* Associated
Hanks of Augusts for week ending
Friday, Aug 21, 1908
Loan* $7,0*9.987
Decrease .. .. 7«,0*l
Capital, Surplus and undi
vided profits 2.381,47*
increase 3,776
Cash and Cash Items, In
cluding Amounts due bv
Hanks ‘. ’. 1.374,88*
Increase 19,893
Deposits . . 6.395.249
Decrease 217.3.14
RUFUS H. DROWN.
Manager
RECKLESS TRADING
NOTED IN ALL
STOCKS
■ *"
Steel Changed Hands, Ten
Thousand Shares at a
Time and Million-Dollar
Deals Were Common.
(By Tboma* C. Shot well.)
NEW YORK.—Manipulation was in
dulged in on the stock exchange to
day to sueh an extent that the pro
fessionals were utterly bewildered.
Nobody but Thomas W. Lawson, Jas.
R Keene, or Daniel G. Reid would
have the nerve or means to handle
the blocks of stock that were put
across the floor. Steel changed hands
10,000 shards at a time. Union Pa
cific, Smelter*, Amalgamated Copper
and kindred share* were handled in
million dollar blocks. The marvelous
fact that .prices were only moderately
affected Is significant. Such mantpu
lation done sincerely would have ad
vanced the market or broken It ten
points. The extreme movement was
an average of 2 points.
Attempts to account for the mar
ket’s activity with a bank statement
showing an Increase of above *5,000,-
000 in reserve were futile because
money Is already too plentiful In Wall
street. Mr. Reid issued a denial of
the reports that he Is In the market
on either side. Denial also came
from Mr. Keene's office. This left
Mr. Lswaon as the only possible sul
prit. If Lawson did It. he Is un
doubtedly backed by the biggest peo
ple in the street, for the money of
the Bay State Gas company has gone
glimmering to keep that company
with the other millions that Lawson
has lost in Wall street.
No news whatever came to light
to aocount for the day’s transactions.
There was taREPfCkr the close of 400,-
000 shares of stocks to be delivered
on Monday. There has been a heavy
borrowing demand recently and It is
generally believed that big InsldeT
have been holding back their own
shares while they used borrowed
stocks to complete liquidation. John
D. Rockefeller is said to have dorte
this. Collapse of at least one stock
exchange house or of the market Is
expected for Monday.
On the curb business was very
quiet with the mining shares showing
strength.
CoKtm and wheat were both lower
as a result of the day’s transactions.
STOCKS LOST ON
THE CLOSING
PRICES
Heavy Trading Character
ized Day’s Session and
Deliveries of Big Blocks
arc Expected Monday.
NEAA' YORK.—Today's brief sessioK
on the stock exchange was marked
by the most flagrant manipulation and
extraordinary excitement. Trading in
the two hours aggregated over 1,000,-
000 shanes, much more than for any
full day df the week. Two theories
were advanced in explanation of tho
day's extraordinary proceedings. One
was that a certain group of specula
tors prominently identified with the
Rock Island system was being
"squeezed" by other large Interests,
the object being that of gaining con
trol of the Rock Island system.
Another story, and one that found
not a few believers, was that today's
business was inspired by the New
England manipulator whose activities
earlier In the week caused no llttk*
alarm. TTie market'opened with gen
eral advances. Before the expiration
of the first hour, however, trading as
Mimed a different aspect, large blocks
of the active Issues coming out with
wild fluctuailon*. The day closed
with losaes in a number of issues.
Including the Harrimans. Following
the market's close It was rumored
tnat a big delivery of stocks, esti
mated at 400,000 shares, would be
made before the beginning of Mon
day's business. The bank statement
was In Use with general expectations,
reserves showing an Increase of over
16,000.900. The percentage of reserve
now held by the associated banks Is
29 74 per cent against 29 35 last week
Total sals* of bonds was *1,536,000.
Total tales stocks ,oday 1.087.800
shares. Including Copper 77,200,
Smelting 138.900. Sugar 300. Tobacco
200. Ch**apeake and Ohio 100, Orent
Northern preferred 56.600, l-oulivule
end Nashville 300, New A'ork Cen
tral 66.900 Northern Pacific 72,500,
Reading JO9 900 Rock Island 40.300.
Rock Island preierred 103,900, South
ern Pacific 37.700 Southern Railway
1 500. Southern Rallwat preferred
2*lo, Tennegaee Copper 200. Union Pa.
rifle 109.100. United States Steel 182
300
LOCAL PRODUCE MARKET
Cabbage, per lb IHe
Potatoes, per aack $2.50&52 75i
I.emons. per ho* $4.501
Onions, per bushel »l 25
Pesnuis, per lb SASV
Rutter, per !b 25*28c
Eggs, per dogen 23c
N. C. Pippin apples, per bbl ...92.75
FINANCIAL
THE NATIONAL BANK OF AUGUSTA
707 BROAD STREET. /
ORGANIZED 1865.
CAPITAL, SURPLUS AND PROFITS *450,000.00
L. C. HAYNE, President. CHAS. R. CLARK, Cashier.
BEGINNING AUG. IST, 1908, this Bank will pay 4 per cent in
terest on CERTIFICATES OF DEPOSITS. These certificates will
be issued by us In sums of SIOO.OO and up, for stipulated periods of
time, to suit the Depositors' convenience. ft *
SAFETY LOCK BOXES $3.00 TO $20.00 PER YEAR.
The business of our out of town friends carefully looked after.
CORRESPONDENCE INVITED.
You can draw your money at any time if
you deposit it ivith us and take one of our
CERTIFICATES OF DEPOSIT.
We pay you 4 Per Cent per annum if
you leave it with us three months or longer.
The National Exchange Bank.
CAPITAL AND SURPLUS, $540,000.00.
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 Savings Dept.
YOUR ACCOUNT INVITED.
The Merchants Bank;,
always progressive, has secured for the convenience and safety of
its customers the exclusive use in Augusta of the Coupon Certificate
of Deposit—which bears automatic interest coupons paying four per
cent interest four times a year. Your consideration and business In
vited.
CAPITAL and SURPLUS, - - $300,000.00.
THE EXPERIENCE
of thousands of our depositors is identical with that of the person
who has not begun to save. The hardest part about the whole busi
ness for them was the STARTING POINT. After the Ice was broken
and the start made it was found to be an easy matter to lay
aside a certain sum each week or month. And It is certainly aston
ishing how rapidly a bank account grows, especially when 4 per
cent interest Is added to It each six months. Come in and make
your start tomorrow morning early.
'•WHERE SAVINGS ARE SAFE.”
THE AUGUSTA SAVINGS BANK
823 BROAD STREET.
AUGUSTA GRAIN
AND PROVISIONS
D. S. Sides, 45-!bs, average 9 7-Sc:
D. S. Plates, 8-lb., average, 8 7-8; D.
S. Rellles, 22-!b, average, 19 1-2;
Smoked Sides, 45-!b, average, 10 3-4;
Smoked Choulders, 8 1-0 lb, 9 l-2c;
No. 1 Picnic Hams, 6-8 lb., 9 l-4c:
Dove Brand Hams, 11 lbs 15c; Capi
tol City Hams. 11-lb., 15e; *. G.
Breakfast Bacon. 13 l-2c.
Best White Corn, *1.03; Best Mixed
corn $100: Best White Oa's, 66c;
Purina Chick Feed. 40-lb, $1.00; Puri
na Chick Feed, 100-lbs, *2.20, Chick
en Feed. 50-lbs, 95c; Vorn Chops, 96-
bs., *1.80; Dairy Feed, 10-lbs , 31.45;
Pure Wheal Bran. *1.40; Fancy Lem-!
ons, box, 13601. *;;.60; Virginia H. P
Peanuts, sc; 22-lb Cream Cheese 15
l-2e; Best Second Patent Flour, *4.50;
Standard Patent. *4.90; Fancy Pat
ent Flour, 35.00; Woolcott’s Royal
High Patent Flour, *5.25; Jarboe's
Royal High Patent Flour. *5 50.
The above prices on Flour in l-8s
and l-4s cotton; wood 15c more.
Cotton Sheet*, full sise. 21c; 2-lh.
New Bagging. 7 l-2c; 2-lb Standard
Pieced Bagging. sc; 2-lb Sugar Bag
Cloth, 5 l-2c; New Arrow Ties, 1.06
l-2c; Whole Rebt.ndle Ties, 96 l-2c
Riveted Ties. 70c.
No. 1. Ga Syrup, 1-2 bids, 38c;
White Clover Drip*, bbls. 30c; Gold
Mine N. O. Syrup, bbls, 26c; Pure
Cuba Molassps, bbls. 31c; P. If. Molas
ses, bbls. 26c: Pure hrdht shrdluuu
ses bbls, 1-n; C. O. Tuolasses, bbls.
15c.
C. C. Leaf Lard. 50-lb cans, lie; ;
May Blossom K. R. Lard, 5<3-)t> cans,]
11 12c. Fidelity K. R Lard, mb* oi j
cans, 12c; Snow Drift Compound
50 lb can*. 9 l-4c; Texas Compound
Lard. 50 lb cans. 8 3-4 c; Lurd In
Tierces. l-4c less; in 60 It tubs, l-8c
less.
N. Y. Gran Sugar, bb’s. $5.50; N
Y. Gran. Sugar. 4 25-lb bacs. $5.59;
N. O. Oran. Sugar, bbls only. $6.2 >
Sugar, t. o. b. Coast. 10c less.
96-lb Pearl Grits, all sixes. S22L
Georgia Country Meal 96-lb. $196,
Georgia Country Meal. 96f.b. $195
Georgia Country Meal, 46-lbs 99c,
Georgia Country Meal. 24-lba, 60c
No. 1 Alfalfa Hay, per ton. $23.1*0
No 1 Timothy Hav, per ton. s'*so;
No. 1 Pea Vine Hay, per ton. $20.00,
No. Vetrh Hay. per ton. $1800; New
Bermuda Hay. per ton. $15.50; Cot
ton Seed Meal. P*r ton, 424 00; Cot
ton Seed Hull*. P«r t>’n s9‘3o.
Common Green Coffee. 7 t-4c;
Standard Green Coffee. 8c; Fancy-
Green Coffee 4c; Fancy Green Cof
fee. 9 l-2c; Cracked Rice 3 l-2c:
Japan Rice, sc; Medium Head Rice,
SUNDAY, AUGUST 23
FINANCIAL
WALL STREET NOTES.
NEW YORK. —The total number of
shares of shocks sold today on the
New York Stock Exchange amount
ed to 1,087,850 against 319,821 the
same day a year ago.
The total par value of bonds sold
today $1,532,000 against *568,000 the
same day a year ago.
Canadian Pacific officials say that
the strike on that system is now In
hand and will be ended within a few
days,
“If I really bought and sold all the
stocks credited to my account by Wall
srteet.,” said Daniel G. Reid today.
"1 would need the Bank of England
back of me. As a matter of fact. I
am not in the market at all. My
name is being used by street traders
for their own purposes."
Hopeful ones in the market look for
a big demand from China this year.
When the Russian war began Chinese
merchants imported great quantities
of cotton believing that they would
get the war trade. The Japanese took
this business and the result was that
China was left with an over supply
of cottop. This has now been work
ed ofT and the Orient is expected to
make normal demands this year.
SAVANNAH TURPENTINE.
SAVANNAH, Ga. —Turpentine firm,
36; sales. 86.
Rosin firm; sales. 2.306.
CHARLESTON TURPENTINE.
CHARLESTON, S. C.—Turpentine
steady, at 35 1-4.
Rosin steady.
GOVERNMENT BONDS.
NEW YORK.—United States gov
ernment bonds closed unchanged Th,
general bond market was firm. The
more ini|>ortant dealings were in
American Telephone and Telegraph
convertibles. Hock Isiand collateral*.
Interboro-Metropolltan 4 1-2* snd Wa
bash Pittsburg Terminal firsts.
HOLIDAY IN LONDON.
LONDON- The stock market closed
for (he holiday today. Part exchange
on London i-2o lower, at 25t#3c Th*
Berlin rate was unchanged it 2d
arks 40 1-4 pfennings.
4 3-4 c; Head Rice, 5 3-4 e; Fancy
Head Rice. 6 12c Kerosene Oil, 13e,
Salt, cotton bsgs. 50c; Texas R P.
Oats, 67c; Georgia Seed Rve, SI.M.