Newspaper Page Text
/IE AUGUSTA HERALD
News of the Cotton Crop and Markets
AUGUSTA CUTTUN MARKET
Middling 9c
Tone—Steady
New York Cotton Market
(SATURDAY’S FIGURES.)
January 855 858 851 852
March ... 850 85j)
October 880 882 875 882
December 880 868 861 802
(FRIDAY'S FIGURES)
Open. High Low. Clone.
January 8.57 8.0.7 8.53 8.5!
March 8.60 8.00
September 8.76 8.75
October 8,77 8.83 8.71 8.79
December 8.66 8.73 8.63 8.63
Tone Steady. Spotn 9.40.
New Orleans Cotton Market
(SATURDAY'S FIGUREB )
Open. High. Low. Cloae.
January 868 870 865 865
October 875 878 u 72 874
December ... •. 866 86.1 362 866
Tone—Steady. Spout— 9He.
(FRIDAY'S FIGURES)
Open. High. Low. Close.
January ... ..... ... ... ... ...... •• •• 8.68 8.75 8.68 8.72
October 8 74 8.81 8.74 8.80
December 8.67 8.71 8.67 8.68
Tone Steady. Hpota—9l4c.
Chicago Grain and Provisions
(SATURDAY'S FIGURES )
WHEAT— Open ‘’lone
September *-4« 98%
December 97% 98
CORN —
September 91 si
December .. .. .... •• .. 69% 69%
OATH
September 4954 49%
December 50% 50%
LAUD— J~
September 1002% 1010
Ortober UM 5
RIBH--
Sept ember >»;n
October 952% 962%
(FRIDAY'S FIGURES)
WHEAT— open. High. Low. Close.
September. .. 98% 98% 87% 97%
December 97% 98% 97% 97%
CORN
Beptember 81 81% 80% 80%
December „. .. 70 70% 69% 69%
OATH
September.. ~~...... •« ~ .. 49% 49% 49% 49%
December 54% 50% 50% 60%
LARD
September 9.92% 9.95 990 9.92%
October » 87% 9.97% 9 92% 9.97%
RIBB
- 9.35 9 25 ■'..(>
October 9.30 945 9.30 9.42%
FULL QUOTATIONS IN
THE LOCAL MARKETS
(TODAY'S FIGURES.)
Ixtw middling 3 3-4
Htlrmt low middling * '*
Middling 9c
Sllrrt middling 9 1-8
Good middling 9
Low middling .8 13 16
plrlci l>w middling 8 15 id
Middling -9 116
Htrlct middling •• •••• •• • '* •* ' r '
Good middling -• &Grt
RECEIPTS, SALES
AND SHIPMENTS
Net receipt* today 1651
Through cottou mday .. .. .. —
G|W*s receipt* today 16.«1
SALES FOR THE WEEK.
Bale*. Bpln BhptL
Bat ... .1669 111 819
Mon . . . .
Tun*. . . . —-
Wed
Tktirt . . '
Fri
Tola! . . . , 1669 111 849
RECEIPTS FOR THE WEEK.
190* 1907.
Bat 1651 '941
Mon, . . . — 1
Tuea ....
Wed ....
Thura . . ——
Frl
Total . . 1«31 .’941
STOCKS AND RECEIPTS
Block in Augnata, 1908 ..... . .13.718
Stock In Augusta. 1907 15.066
Itec aiuce Sept I, 1908 ~ .... 13,1.1
tjec since Bept l, 1967 .. .. ..26.15-
IN SIGHT AND SUPPLY
1906. 194)7.
Sight to Bept 11 . 262.542 254,321
During week . 185.931 165.5*8
Visible supply .. .1.6*9.96* 2.1*7.050
ESTIMATES FOR
TOMORROW
Today, m Last Yr
Oalvesion 6853
956016,506 Houston 9.7 k.:
1,1001,500 New Orleans 1.693
PORT RECEIPTS
1907. 190*
Galveston ~,.7919 712-*
N* w Or cans . ... ..11*1
Mobile 641 451
ftS' annaii 6081 s7*3
Charleston 1277
Wilmington 1526 128 )
Norfolk 1767 S">B
Philadelphia - 48
Total ports, est . . 36,000 19471
INTERIOR RECEIPTS
Houston 12U>9
Augusta 1651 2941
Memphis 375
Cincinnati . -
Little Rock ..... 43
AUGUSTA GRAIN
AND PROVISIONS
(Always Up to date.'
gusta k r >i ln, provision mid produo# nr
(OiloWH:
D, 8 sides, 45 Hi. »ve., |0 S-4c,
it s place, 8 Hi, aw, p ;i l<-
r> 8. bellies, 22-lb. uv, , It :i 4c
Smoked shoulders, 45 lb. ave.,
11 1 2c
Smoked Shoulders, SlO lb, 9140.
No. I tfltplc hunts, lit lb* ( c
Dove brand hain*. II lb* . 15 1 3c.
Magnolia bam* 14c
rapltol I'lty hams. I Mb, like
H. (J. Breakfast bacon I>lHe.
Beat white corn lI.OJ.
Best mUed corn, $1 00.
Ileal whit. o\*. 66e
Purina chirk feed. 100 lbs, $2 26.
Chicken feed. JO lbs, 95c.
Corn chops, 96 lbs, $ 1 80.
Iktlrv feed. 100 lb* 11,45.
Pure wheat inlddlina*. $1 55. Vi
Pure wheat bran. 91 45
Virginia H P peanuts. sc.
32 ib cream cheese. 164 c
Best second patent flour $4 85,
Standard psten’ Sour. I'. 15.
Fancy patent fldur, $5 35.
Wooleotts Royal High patent
flour, $5 50
Jarboe* Royal high patent flour,
$5 65
Rt hemal, highest (latent flour.
15 75
The abotV prices on flour Ills at el
14s cotton, wood 15c more
Cotton sheets, ftlll site. 2tC
3-lb new bagging. 74c
3 lb standard pieced bagging. 5 I-2c.
2-lb sugar bag cloth 54r.
New arrow lies, JIMh
Whole rehundle Mee, 9„4c,
Riveted ties, TOc.
No. | (ia »J tup. Wbbls . 38.
White clover drips, bhls. 10*-.
Hold Mine N. O Syrup, bb.s, 2flc.
Pure Cuba Molasses bbls. Sic.
C. O. Molasses, bbls, 15c.
P R molasses, l»c
C C, leal laid, 60 lb cans U l-4c
Cottoiene. j>er case 10* and tat. $6 25
May Uloaaom K. K, lard, st>-lb can*
New York Stock Market
(SATURDAY’S FIGURES.)
Amalgamafed Copper 78%
Am. ('in- and Foundry 30
Am. Car and Foundry pfd .. ..102
Am. Cotton Oil 35
Am. Hide and Leather pfd .. .. 20
Ans Ice Securities 27%
Am Linseed 10%
m. Locomotive 471^
Am. Locomotive pfd ]|2%
Am. Smelting Sc Refining 93
Am Smelting A Refining pfd .. 131%
Am Smelting * Refining pfd .102%
Ant. Sugar Refining 131%
Am. Tobacco pfd .. .. .. . 94%
Am Woolen 04
Anaconda Mining Co 47%
Atchison < 90% j
Atchison pfd 95
Atlantic Coast Line 90
Hal 11 more A- Ohio .'.99%
llaltlmore R Ohio pfd 80
Brooklyn Rapid Tranai'. 52 \
Canadian Pacific 173%
'’emrat Leather 27%
Central Leather pfd , !!r>s
Central of New Jersey .. ~208
Chesapeake A- Ohio 43’. t
Chicago Great Wi stern 60
Chicago A North Western .. ..163
Chicago, Mil. & St. Raul .. ..142%
C, f\, C. & St. Louis 54%
Colorado Fuel a- Iron 35 1 ,..
Colorado 37%
Colorado &. Southern lat pfd .. 65
Colorado Ai Southern 2nd pfd ..58%
Consolidated (las 151%
Corn Producth ..18',5
Delaware A Hudson 172%
Denver A- Rio Grande 27%
Denver A Rio Grande pfd 6«
Distillers’ Securities 30%
Erie 30
Erie Ist pfd 41%
Erie, 2nd pfd 35
General Electric 143
Great Northern pld 137% I
Great Northern Ore Ctfs 65%
Illinois Central 144%
Intel borough Met. pfd 32%
International Paper 10
Intern itlonal Pump 24
lowa 1 Central 17
Kansas City Southern 28% 1
NEW ORLEANS HAD
A NARROW MARKET
Fluctuations Were at a
Minimum, Despite Fresh
Hurricane Warnings
Sent Out by Government.
NKW ortI.KANS. LA Cotton spots
wm •• <|iiM and uti«*hnnff*4. middling:
9 :t. IH. Kal«'M wpre IMiO hal*** on tho spot
and 625 to arrive, showing a Mharp fall
iriß off In volume-
Colton future* opf*n<*d steady and un
rhaug(*«l from last night, Liverpool being
tin factor io hold price* to last night *
level. The market was very narrow and
Hurt nation* almost at the minimum. Al
tnought fieah hurricane warning* were
posted price* fell off slightly when 11 wa*
reported that the rain* had eeanei! tn the
Atlantic *ta!e*. The closing wa* iwtrely
*i«wdy, unchanged lo three point* under
last night.
AUGUSTA CLEARING
HOUSE ASSOCIATION.
Augusta, (Ja.. Sept. 12. 190 F
Statement of average* Associated
hank* of AugtiKta for iftrcek ending
Friday Sept. 11, 1908.
Loans 17,2:8,848
Increase 95,262
Capital, surplus ami undivid
ed profits .. 2,382,797
Increase 4,964
I’ash and cash Items, ln
eluding amount* due by
banks 1,636.012
Increase .. .. 239,981
Deposits 6.624,674
increase .. 236,780
RUFUS H. lIHOVVN.
Manager.
u ;i-4o
j Fidelity K R lard, tubs or cans,'
Snow Drift llogless lard, 5011)
cans, 9 l-4e.
Flake White Com. l.ard, 50-lb. cans, j
s 3 Ic,
l.ard In tb'rces, 14c less; In 60 lb 1
I tubs, t Se less.
\ Y Gran, sugar, bbls . $5 40
N Y. Gran, sugar. 4,2511 b cans
IMS I
; N O Gran sugar, bbls only. $5.10.
Sugar f o. b. coast, 10c less
96-lb Pearl grits, all sires $2 20.
Georgia Country Meal, 96 1b $195.'
Georgia Country Meal, 48 lb, 990.
Georgia Country Meal. 24 lb, 50r j
No 1 Alfalfa hay, per ton. $23.60. j
No. l Timothy hay, per ton, sl7 50
No. 1 Pea Vine hay, |»er ton. $20.69
No 1 Vetch hay per ton. $lB 00
New Bermuda hay. per ton. sls 50
Cotton seed meal, $26.
Cot tot. Teed hulls, per ton. $9.00.
Common greeu coffee, 7 1 4c.
Standard green coffee 80.
Fancy green coffee, 9%c.
Cracked rice, J%c.
Japan rice. sc.
Medium head rtce, 4A»c.
Head rice. 54.*.
Fancy head rice, 6%c.
Kerosense oil, 13c.
Salt, cotton bags, 50c.
Texas R. P oats, S7o.
Georgia Seed rye, $1 50
Sausage In oil. 50-lb tins, 7 l-2c.
DRV GOODS MARKETS.
NKW YORK The dry g'swlw market
shewed a better general tone during the
w.ek and the shipments sn Saturday
were quite targe A Urge auction sale
of overaUe and weiklng shirts Is sched
uled for Thursday. The jobbers are to j
have eotne important sales of cotton* and
dress good during the work Linen* ere
being oroo| -d tauter, but at tew prices
Burlap* arr firmer. Fine cotton# In some
quarter* a • being ordered mere (rwety. I
THE AUGUSTA HERALD-
J. C. McAILIfFE.
Market tditor
Kansa-i City Southern pfd .. ..32%
Louisville & Nashville 108%
Minneapolis a St. Louis 2?
Minn.. St. P. A- Sault St. M. ..121
Missouri Pacific 57
Missouri, Kansas & Texas . ..32%
Missouri, Kansas & Tcxub, pfd ..64
National Lead 81%
New York Central 107'/,
! Now York, Ontario & Western ..42%
Norfolk A Western 74* ;i
North American 65
Northern Pacific 113%
Pacific Mail 26%
| Pennsylvania 125
; People s Gas 96%
S Pittsburg, C. C. A. St. Louis ..77
i Pressed Steel Car 33%
| Pullman Palace Car 66
Railway Steel Spring 35%
Reading 132%
Republic Steel 23
Republic Steel pld 89%
Rock Island Co 18%
Rock Islaud Co. pfd 35%
St. Louis & San Fran. 2nd pfd . 25%
St. Louis Southwestern 17%
St. Louie Southwestern pfd . ..14
Sloss Sheffield Steel and Iron ..65
Southern Pacific 10S%
Southern pacific pfd 119%
Southern Railway 22%
Southern Railway pfd 53%
Tennessee Copper 38%
Texas & Pacific 25
Toledo, St. Louis & West 26
Toledo, St. Louis A West pfd ..56%
Union Pacific pfd 39%
Union Pacific . 67%
United States Rubber 33
United States Rubber Ist pfd ..100
United States Steel 46 ,
United States Steel pfd 110%
Utah Copper 44%
| Va. Carolina Chemical 28%
Va.-Carolina Chemical pfd .... 108%
Wabash 12%
I Wabash pfd 26%
I West 111 chouse F.lectric 74%
! Western Union 60%
| Wheeling Rr Lake Erie 8%
Wisconsin Central 2.8%
1 Standard Oil 635
BANK STATEMENT
CLOSER GAUGED
Traders Already Had Con
ditions Figured Out Be
fore Official Notice and
No Effect Noted.
NEW YORK The statement of clear
ing house hanks for the week of live
day* show* that me banks hold $51,022,-
*25 more than the requirements of the
5 per rent re*erve rule. This is a de
crease of $7,652,125 In the proportionate
reserve a* compare*i with last week.
The statement of averages for the
week (five day*) follows: Loans $1,322,-
730,500 Increase $21,990,100. Deposltasl.-
420,061.900. decrease $17,420,500. Circula
tion $54,943,100, decrease $230,300. Legal
tenders $90,4*6.700, decrease $722,100.
Specie $236,511,600, decrease $2,574,900.
Re*erve $407,009,300, decrease $3,297,000.
Reserve required $355,015,475, Increase
$4,355,125. Surplus $51,912,925, decrease
$7,652,125.
Kx. V. S. deposits $54,353,550, decrease
$7,599 125.
The percentage of actual reserve of the
clearing house bank* a*, the close of bus
iness yesterday was 28.72.
The statement of bank* and trust com
panies of Greater New York not report
ing to the clearing house show* that
these Institution* have aggregate de
posits of $1,013,009,700, total cash on hand
$101,189,100 and loans amounting to $913,-
969,100.
CHICAGO CASH GRAIN
QUOTATIONS SATURDAY
CL.CAGO, 111—Cash quotations
wore as follows:
Flour—Steady, winter patents $4.05
ast.7o; straights $3.40a54.60; spring
patents $5.10a55.40; straights $4.00n
$5 00; hakerß' $2.80a54 40
Wheat-No 2 spring wheat $1.02:
No. 3 94ca51.06; No. 2 red 98 l-2ei
99 I>2C.
Corn No. 2 corn 81 l-4raßl l-2c;
No. 2 yellow 81 1-2c3-4h.
Oats—No. 2 white 51c; No. 3 white
18 1-SckßO 1-2 C.
Rye—No. 2 rve 75ca76 l-20.
Barley Good feeding barley 60ca
C2o; fair to choice malting barley
GScaOHc.
No. I northwestern $125 12.
Prime timothy seed $3.50.
Short ribs, sides Goose) $9 37 1-2 a
$9 76.
Mess pork per barrel $15.05a515 10.
laird per lort pounds $10.12 12.
Short clear sides (boxed) $9.50a
$9 75.
Receipts.
Wheat Receipt* 120.8th> bushels;
shipments 73,300 '
Corn— Receipts 288.400 bushels;
shipments 212.-00.
Date —Receipt,' 277.500 bssheli;
shipments 225.200.
On the produce ex.-harne today the
butter market was ateajv; creameries
18 12ca25c; dairies 17ca20c.
Eggs steady: at mark, cases In
cluded 16csl8c; firsts 21c. prime
firsts 22c.
Cheese steady. It l-!cal3 1 4c.
CINCINNATI PRODUCE.
CINCINNATI Butter; Creamery
prime. 25 12; ex'ra, 25; firsts 21a23-
1-2 dairy fancy 16e15
Eggs Receipt* were light and >N •
tnand active and a continued firm
feeling prevailed. Prime firsts 23 1-2;
firsts 22 1-2; Southern seconds,
* tnltt.
NO DEVELOPMENTS
NOTED jN_STOCKS
Situation Was Practically
Without Feature and
Short Session Was Dull
and Very Uninteresting.
NEW YORK—The professional ele
ment in the specualtion showed some
symptoms if disquiet over the prospect
of staying short of stocks over the Sun
day closca interval and they bought to
cover. The days short session was dull
and uninteresting. St. Paul was a weak
feature of the rauroads and American
Smelting and some of the railroad eqlup
tnent stocks etxended the decline In force
when the market closed yesterday. When
prices started upwards the Harrimans
and Reading were found again in their
customary position of prominence. Read
ing moved upwards anew on the strength
of the winning by the coal roads of the
suit to test t*.o validity of the com- !
modifies clause of the Hepburn act.
and exchange markets are little j
more than normal on a Saturday and !
offered no important development today. |
The bank statement disclosed that the |
weeks decrease of cash had been close- j
ly gauged by the preliminary estimates
of l>etween four ana five million dollars.
The heavy loan expansion bore on the
reserve requirement as well, the net re
sult being a decline in proportion of re
serve to 28.84 pre cent, bringing the sur
plus to below $52,000,000. Bonds were ir
regular. Total sales par value $1,820,000.
U. S. bonds were unchanged on call
during the week.
Total sales today 346,800 shares.
RECORD BREAKING
WHEAT MOVEMENT
However, Market Contin
ued Bullish, Corn and
Oats Steady With Pro
visions Much Stronger.
CHICAGO Reinstatement today by
leading bulls of lines sold out yesterday
caused strength in the wheat market.
Final quotations showing net gains of
to \ (fy jfc. Corn and oats closed
steady where provisions were strong.
The wheat market displayed consider
able bullishness nearly all day despite
the record-breaking movement of new
wheat in the northwest. The receipts
were 1,606,000 uusheta against 880,000
bu hels a year ago.
There were many plausible reasons
why wheat should have been lower to
day blit they did not work in the manner
expected. There might be rain before
Monday, although the long distance prog
noslticator* at Washington did not ven
ture an opinion. Corn recovered an ear
ly loss as far as the current months de
livery is concerned, but. 1 >ecember was
Ki *4<* lower and May just enough lower
to have that remarked of it.
SPOT COTTON MARKETS.
GALVESTON —Cotton steady; mid
dling 9 5-14*.
NEW ORLEANS.—Cotton quiet;
middling 9 1-16.
MOBILE! —Cotton quiet; middling
9.
SAVANNAH—Cotton steady; mid
dtlng 9.
CHARLESTON. —Cotton steady;
nfiddling 9
NORFOLK.—Cotton steady; mid
dling 9 3-8.
BALTIMORE—HoIiday.
NEW YORK. —Cotton quiet; mid
dling 9.40.
BOSTON. —Cotton quiet; middling
9.J0.
PHILADELPHIA—Cotton quiet;
middling 9.65.
HOUSTON. —Cotton steady; mid
dling 9 5-16.
AUGUSTA. —Cotton steady; mid
dling 9.
MEMPHIS.—Cotton quiet; mid
dling 9 14
ST. LOUlS.—Cotton steadv; mid
dling 9 38.
LOUISVILLE.—Cotton firm; mid
dilng 9 1-2.
LITTLE ROCK—Cotton steady;
middling 8 3-4.
INVESTMENT BUYING
WAS COTTON FEATURE
Active Demand From Spin
ners Caused Market to
Stand Firm.
(SPECIAL)
At’GUSTA, iiA- l4verpool Ofw*n«*<! three
up Saturday w ith spot dales of *.OOO bales.
The N* w York market *»”*« «ui*'t dur
itaK ***•«» ♦••■.tire Any Nup'/orted hv fears of
,i term now oft ioe Atlantic Coast mov
ing through South Carolina and Geor
gia. On tlu* dose all months weakened
except October.
The Weather Bureau reports state that
this storm wiU probably move up the At-
I Untie coast. not inland.
Investment I'liyln- In the ftuure mar*
i ket anti an active demand from spinners
tlu r f'i -ir« n « r **p4Tts rr . tnsplcu-
I ous by their absence »t w?mt In other
years would be considered a low level
of values.
Spot* closed In Augusta at 9 1-Is.
Barrett and Doughty.
COTTON SEED OIL
NEW YORK Cotton seed oil
strong and higher on good general de
i nuimi and strength of hog products.
hlme crude S«; prime summer yellow
S!***; off summer yellow 3> 4; good
off summer yellow prime white
lOfils. prune winter yellow 44<}4&.
FINANCIAL
THE NATIONAL BANK OF AUGUSTA
707 BROAD STREET.
ORGANIZED 1865. V
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. 1
BAFETY LOCK BOXES $3.00 TO $20.00 PER YEAR. ]
The business of our out of town friends carefully looked after. I
CORRESPONDENCE INVITED. ’
You can draw your money at any time if
you deposit it with 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.
You Can Watch Your Money Grow
and keep It in your pocket at the same time, when you use our
Coupon Certificates of Deposit—
SAFE—CONVENIENT—NEGOTIABLE—
which pay you 4 per cent interest—4 times a year—issued in Au
gusta exclusively by the
MERCHANTS BANK
Capital and Surplus $300,000.00
WALL STREET NOTES.
NEW YORK—Number of shares
sold today 346,856; same day a year
ago 357,606,
Par value of bonds sold today,
$1,824,000; same day a year ago,
$1,186,000.
The number of idle freight car* of
flcially reported on September 2, is
222,632. a decrease of 30,371 since the
previous report.
*
Charles M. Schwab has leased a
home at Bethlehem and has started
Ins routine work there by. discharg
ing 375 more men. The working force
at Bethlehem has been reduced about
'OO since Mr. Schwab’s return from
Europe.
The Canadian government esti
mates the total yield of wheat of
Canada this year at 124,690,000
bushels, an average of 2t bushels to
the acre.
The Western Pacific railway com
pany will sell $25,000,000 second
mortgage bonds.
The Amalgamated Copper claims
that It is producing copper at nine
cents a pound. This statement is per
haps even more sensational than the
large net earnings of the Union Pa
cific Railway company.
Canadian Pacific in its pamphlet
report issued today shows gross earn
ings for the year ended June 30 of
s7l 394,174 a decrease of $833,331.
Operating expenses were $19,691,808
an Increase of $2,677,589. Net earn
ings were $21,792,366 a decrease of
$3,510,943.
Other income Increases the Mai to
$24,446,999. After payment of ail
dividends the surplus amounted to
25,579, <ls a decrease of $3,759,241 as
compared with the previous year.
MONEY MARKET RULED
EXCEPTIONALLY QUIET
On Call the Necdfnl Was
Nominal and Exchange
Was Steady.
NEW TORI* ilonty on .all nominal.
Time loans nulet nnd steady; sixty days
2>t; nnd ninety day* 3 s * to 3 per cent;
six month* 34 per cent. Close; Prime
mercantile paper 4 to 44; Sterling ex
change sternly with actual business In
■ankers bill* a*. 481.90 4. 145 for sixty
day hills and at 486.454(486.50 for de
mand. Commercial bill* at 4845. f( 4-
Bar silver 514». Mexican dollars 45.
LONDON CLOSED FIRM.
LONDON —The market closed firm
lodav with Paris Bourte. Paris ex
change on London today w-as 1-2 cen
time lower at 25 francs 12 1-2 cen
time*. Berlin exchange was 1-4 pfen
ning Itwrr *t 20 marks 10 3-4 pfen
ning.
THE FOREIGN MARKETS.
NEW YORK —There was small fea
ture abroad. Both Paris and Berlin
were Arm. London was quiet with
Americans liresnlar. i
PAGE SEVEN
FINANCIAL
HIGHER PRICES
NOWJPECTED
Wall Stret Financiers Are
of Opinion That Situa
tion is Brightening Over
Country.
r \
(Thomas C. Shotwell.)
NEW YORK—Stocks closed today
in the middle of a rally that carried
them up nearly two points from the
low figures of the early trading in tbo
leaders. Union Pacific. Steel South
ern Pacific, Reading, Northern Pacific
and Illinois Central was at the head
of the advancing column. American
Locomotive reeivered a trifle. Brook
lyn Union Gas was not traded in al
though it advanced its diviiend to the
six per cent rate.
The early decline was due to sel
ling by professional traders who
imagined that the election In Maine
next week might attract the attention
of the big people who are under the
market. The so-called big people do
not care what happens in Maine now
that they have decided that higher
prices are going to happen in Wall
street. As soon as the little ones dis
covered this they began buying stocks
again, causing the rally.
On Ihe curb market stocks were
dull in the early trading but became
active and advanced toward the
close. Neither cotton nor wheat was
materially changed as a result of the
dav's operations. London was dull.
A director of the distillers securities
says the dividend will not be passed.
Hll YORK COTTON
CLOSEDJRECUUB
Uncertain AVeather Condi
tions and Reports of free
Offerings Caused Com
plicated Situation.
NEW YORK.—The cotton market
at the opening this morning made a
poor response to unexpectedly firm
cables. In part the small upturn was
accounted for by the absence of evi
dence on thp weather map that the
storm had reached the cotton belt or
was likely to.
The short session attracted but lit
tle trading and the market declined
during the greater part of the time.
At the close October rallied so flva
points aßbve yesterday's close and
other months were unchanged to a
few i>olnts down.
NEW YORK PRODUCE.
NEW YORK —Eggs: Receipts,
5.075 cases; strictly fresh 28 cents;
extra firsts 24a24 1-2. firsts 22a?2 1-2;
do strongs 20 l-2a21 1-2.
Butter; Receipts, 7,582 packages.
Fancy, 23 1-2U4.