The Augusta daily herald. (Augusta, Ga.) 1908-1914, January 11, 1910, Image 9

The Augusta daily herald., January 11, 1910, Page NINE, Image 9

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Newspaper Page TextB AUGUSTA CUTTfiN MARKET V MAEKET NOMINAL. Sellers holding firm at 15% for Middling—buyers offering lower. Same Day Last Y ear Middling 9% (TODAY’S FIGURES.) Strict good ordinary 14 7-8 Low middling 15 7-16 Strict low middling ~15 5-8— Middling 15 3-4 Strict middling 15 7-8 Good middling 16 (PREVIOUS DAY’S FIGURES.) Strict good ordinary 14 7-8 Low middling 15 7-16 Strict low middling 15 5-8 Middling 15 3-4 Strict middling 15 7-8 Good middling ..16 Tinges, Ist 15 5-8 Tinges, 2nd 15 7-16 receipts for the Week. Sales. Spin. Shipt Sat 1152 83 153 Mon. ... 23 .... 125 Tnes. ... 72 27 929 Wed Thurs .... .... Fri. Totals . . 1247 110 1207 Comparative Receipts. 1910 1909 Saturday 587 488 Monday 450 891 Tuesday 618 760 Wednesday .... Thursday ... .... Friday .... Totals 1655 2139 Stocks and Receipts. Stock in Augusta, 1910 .. .. 66,952 Stock in Augusta, 1909 .. .. 99,493 Received since Sept. 1, 1909 ..319,439 Received since Sept. 1, 1908 ..296,630 Estimates for Tomorrow. Today. Estimates. Last Yr. :y,500-12,500 New Orleans 15,734 Augusta Daily Receipts. Georgia Ry 196 269 Southern Ry 51 119 Augusta Southern ... 112 .... Cent, ot Ga. Ry 149 119 C. & W. C. Ry 84 A. C. L. Ry 114 Wagon 31 55 Net receipts 539 760 Through 79 Totals 618 760 Port Receipts. 1910 1909 Galveston 24043 29863 New Orleans 7080 17658 Mobile 1259 2741 Savannah 4202 5136 Charleston 148 37 Wilmington 1880 Norfolk 1372 3518 Boston 48 148 Pensacola 5550 10235 Philadelphia 25 Interior Receipts. 1910 1909 Houston 4272 15204 Memphis 613 1407 Cincinnati 622 Little Rock 1134 297 LIVERPOOL COTTON LIVERPOOL —Cotton spot easier; middling 798; sales 10,000 American 7,300; receipts 13,000, American 11,- 000. Futures opened firm and closed weak. Quotations. Jan. close 801: Jan-Feby 815; 801. Feb-March 817; 803 1-2. March-April 820; 805. April May 822; 806 1-2. May-June 826; 808 3-2. June-July 825 1-2; 808 1-2. July-August 822; 808. August-Sept -2; 780. Sept-October 748; 731. Oct-Nov., 762; 710. Jan. & Feb. .. 7.76 7.71 7.90 Feb. & Mar. .. 7.78 7.82 7.92 Mar. & Apr. .. 7.81 7.86 7.94 Apr. &. May .. 7.82 7.86 7.95% May & June .. 7.85 7.88% 7.97% June & July .. 7.85 . 7.87% 7.97 July & Aug. .. 7.82 7.87 7.96 Aug & Sept .. 7.55 7.61 7.70 Sept. & Oct. .. 7.14 7.17 7.2 C Oct. & Nov. .. 6.90 6.96 7.05 Nov. & Dec. . 6.79% 6.84 i Dec. & Jan. .. 7.76% 7.80 7.90 Sales, 15,000. Receplts, 13,000. Tone, steady. Middling, 7.98. NEW YORK COTTON NEW YORK—In response to better ; cables than had been expected the j cotton market this morning opened steady 8 to 17 points higher. There was considerable heavy selling on stop orders due to margin calls sent out last night. This caused extreme weakness after the call and active positions sold off to the low point of yesterday. Good buying developed at this level, however, and May prompt ly rallied. Open. High. Low Close. Jan ... .1515 1520 1503 1519 Feb .. .1523 t 1519 March . .1525 1546 1508 1532 ARGO, JESTER & CO. , Cotton Merchants * »> BEAVER BUILDING, NEW YORK. Members: New York Cotton Orders solicited for pur- ExcHange, New Orleans Cotton chase and sale of Cotton, Exchange, Liverpool Cotton Ae- Stocks, and Grain for fu sociation. ture delivery. CORRESPONDENCE INVITED. NEWS OF THE COTTON CROP AND MARKETS April . .1531 15*8 May .. .1548 1563 1529 1551 June .. .1543 .... .... 1546 July .. .1543 1563 1528 1552 Aug . ..1511 1529 1485 1519 Sept . . 139 S 1398 1375 1394 Oct 1325 1340 1320 1384 Nov .... .... .... Dec .. ..1290 1304 1290" 1305 Tone—Steady. NEW ORLEANS COTTON Open. High. Low. Close. Jan .. .1483 1510 1483 1512 Feb 1530 March . .1526 1550 1508 1649 April .... 1563 May . ...1560 1679 1534 1577 June .... 1685 July . ..1675 1694 1547 1592 Aug .... .... .... Sept . ..1387 1389 1384 1401 Oct . ...1329 1333 1314 1334 Nov .... .... Dec .... .... .... Tone —Steady. CHICAGO MARKET CHICAGO.— Wheat opened lower and showed a tired feeling. Corn showed an early loss of 1-4 under pressure. Oats were l-4a3-8 lower at the volume of trade large. Provisions were easier with hogs. Opening prices; Wheat—May 1.13 1-4 to 1.12 7-8. Corn—6B 3-4 a 68 1-2. Oats—47 5-8a47 3-4. Pork—May 21.82 1-2. Lard—May, 12.02 1-2. Ribs—ll. 42 l-2a11.45. Wheat closed 1-8 to l-4c lower, corn was up 1-8, oats were unchanged to 1-8 to 1-4 off. Provis ions were unsettled. Open. High. Low. Close. WHEAT— May . . 113 R 113% 112% 113% July . . 193 103% 102% 103 Sept . . 98% 98% 98% 98% CORN— May . . 68% 69 68% 68% July . . 68% 68% 68 68% Sept . . 67& 68% 87% 68% OATS— May . . 47% 47% 47% 47% July . . 44% 44% 44% 44% Sept . . 41% 41% 41% 41% PORK— Jan . .2170 2172 2170 2172 May . .2185 2192 2182 2187 July . .2185 2195 2185 2190 LARD— Jan . .1250 ' 1260 May . .1200 1210 1200 1200 July . .1192 1205 1192 1202 RIBS— Jan . .1157 1160 1152 1160 May . .1142 1150 1142 1147 July . .1145 1150 MftRKEUETTERS ARGO & JEBTER'S COTTON LETTER. NEW YORK. —Liverpool failed to make a full response to our decline and opening prices showed a fair ad vance here. There were, however, a good many overnight selling orders in the mar ket and the execution of these resulted in a new break below the close of last night. At this point shorts took profits and pries steadied around fifteen and one half cents for May, the market hav ing the appearance of being very well sold out for the presenT. Sentiment, however, is leaning more to the bear side on the ground that the big bulls have a load of high priced contracts to carry and will be more disposed to sell on advances than to offer support. Among professionals the disposition is to go short on the bulges, but the firmness spots keeps them nervous and ready to cover on any sign of danger. Cotton looks to be worth all that is being paid for It. and while fluctu ations promise to be wide recoveries from declines look certain and sub stantial as long as there is no actual cotton pressing for s&le.—Argo, Jes ter & Co. DAVISON & FARGOS LETTER. < ."Hi. . ~a.i steadier to day and New York futures ciosed 16 to 18 higher than yesterday. Liver, pool was also better than looked for and the South is sitting steady in the boat without showing any disposition to throw the actual cotton overboard. Our market is nominal with middling still quoted 15 3-4, which, of course, is not obtainable, but sellers will not take less. There is therefore no busi. ness being put through. News was received today from head quarters to the effect that the report ed disagreement between the mem- j bers of the bull clique is all a mis- j take and that perfect harmony pre- RANLETT ON COTTON (By Edward Low Ranlett.) NEW YORK—Greatly demoralized conditions prevailed In the market yesterday. Wide fluctuations and finally a very heavy decline from Saturday’s closing figures wound up the day's proceedings. Rarely in the history of the trade has greater ex citement prevailed, but while losses by daily traders were doubtless con siderate, there ivas no talk of serious results following from this cause. The ginners report issued at the opening had been apparently dis counted last week. The figures were very bullish and fully sustain the low est of crop estimates. The option list, however, has been subjected to such tremendous pressure and equally heavy support at time that its tech nical condition had become extreme ly weak. Yesterday’s trading will go far toward rectifying this situation. Opening prices were firm at from 4 to 14 points advance over Satur day's close. Traders disregarded un favorable Liverpool cables and bought on the ginners report. January sold at 15.72, March 16.06, May and July NEW YORK STOCK MARKET (BY CHARLES W STORM.) NEW YORK.—Stocks were weak In the early trading today with Steel, the Coppers and the Harrlman shares unde.r special pressure. Trad ing was very active and there seemed to be genuine liquidation in many departments. Some of the special s have been advancing recently, broke sharply notable, among them being Laclede Gas which declined 3 1-2 points in the first few minutes of business. Rock Island was also one of the weak stocks and sold down to 44 1-2, a decline of 2 1-2 points. Brooklyn Union Gas. on the contrary, advanced 1 point. The Copper stocks were sold freely by traders. The cause of the selling was primarily the burden of stocks thrown overboard while operators associated with the Rock Island group in pre paration for action of the Stock Exchange tomorrow when drastic punt ishment is to be administered to several members of the board for the Rock Island scandal of over two weeks ago. This selling has not been interfered with by the Morgan brokers and their failure to protect the market has led the professionals to believe that a material decline is at hand. No new developments of importance were seen in the market. London was irregular. On the New York curb market stocks were at about the level of yes terday with but little business done in any of them. Lagl Open. High. Low. Sale. Amalgamated Copper 87Vi 88 86% 87% American Ice 26 26 25% 25% American Sugar 122 123 121% 122% American Smelting 100% 100% 99% 100 “ American Locomotive 58% 59 57% 58% American Car Foundry 69% 70 69% 70 American Cotton Oil 66 66% 65% 65% Anaconda 52% 52% 52 52% Atchison 121% 121% 120% 120% Atlantic Coast Line < 135 135 135 135 Brooklyn Rapid Transit 78% 79% 78% 79 Baltimore & Ohio 117% 117% 117% 117% Canadian Pacific 180 180 179% 179% Chesapeake & Ohio .. .. .. 89% 90% 89% 90% Consolidated Gas * 156% 156% 155 156 General Leather s.. ... .... 46% 46% 46 46% Colorado Fuel & Iron < 48% 48% 47% 47% Denver and Rio Grande 50 60 48% 49% Distillers’ Securities 36 36 36 36 Er ie 33% 33% 33 33% Erie Ist preferred 51% 61% 50% 50% Great Northern pfd 139% 139% 138% 138% Great Northern Ore 78% 78% 78 78% Illinois Central 146% 146% 145% 146 Interboro Metropolitan 24% 25% 24% 25% Interborc Metropolitan preferred.. .< 60% 62% 60% 62% Kansas City Southern « 42% 42% 42% 42% Missouri, Kansas & Texas . 49 49% 48% 48% Louisville & Nashville .< 156% 156% 156% 156% Missouri Pacific 70 70% 70% 70% New York Central 122% 122% 122% 122% National Lead 57% 87% 86% 87% Norfolk & Western 98 98% 97% 97% Northern Pacific . 48% 48 % 49% 48% Ontario & Western lFi5% 135% 134% 135% Pennsylvania , 113% 114 114% 114 People’s Gas V 50 60 49% 49% Pressed Ueel Car 166% 166% 165% 165% Rock Island .. •• •• 86 86 85 85% Rock Island preferred 44 % 44 % 43 % 43% Republic Iron and Steel, pfd 103% i 0 3% ]o3y 103 y Sloss-Sheffield ... ... ... , ~ os nr Southern Pacific 135 138 j 3 3.% 134^ Southern Railway 32 33 % 37% 33 Southern Railway preferred 72% 72% 72% St ’ Paul 153% 153% 152% 15s' Tennessee Copper 38% 3 8% 33 % 33 % Texas-Pacific 34% 35 34% 34% Third Avenue 17% 18 17% ] 8 Union Pacific * 199% 200% 198% 198% United States Rubber E O% 51 49% B 0 Utah Copper 68% 58% 57 58 United States Steel 87% 87% B e% 87 United States Steel, pfd 124 124 123 123% Va. Chemical 56% B 7 6g Bfi % Western Union 76 75% 75% Wabash 24% 24% 23% 23% Wabash preferred 66% 5C% 5 , y Westinghouse 81% 81% 78% 79% Total sales, stocks 787.900. # Total sales, bonds $3,466,000. vails. Good buying today kept prices steady in spite of continued heavy liquidation at times. The position of cotton is stronger than in many years, but we may ex pect these violent fluctuations from time to time, although prices may go considerably higher eventually.—Davi son & Fargo. COMMERCIAL BAR SILVER NEW YORK—Commercial bar sil ver 52 l-2c, unchanged. Mexican dollars 44c. LONDON BAR SILVER. LONDON.—Bar silver steady at 24 3-16 d, unchanged. AUGUSTA GRAIN AND PROVISIONS D. 8. sides 45-lb. av» 12c D. S. plates 12 l-4c D. S. bellies ... .. ..13 3-4 c Smoked sides, 32 ave 14 l-2c Smoked shoulders 14 l-2c Fancy green coffee 10 3-4 c Fancy head rice 6c Japan head rice 3 l-2c Picnic hams, 6-8 lbs 12 l-4c Dove brand hams. 1-lb 17 l-4c Capitol City Hams, 1111 b ..,.16 l-2c Purina Chick Feed, 100-lb $2.13 Purina Chick, 12. 8%-lbs $2.25 Best White corn 87c Best mixed corn 85c White oats, no barley 60c Cracked corn, 96-lbs .. .... ..$1.55 THE AUGUSTA HERALD, AUGUSTA, GA. at 16.19 and August at 15.82. October of the next crop sold at 13,7 S at this time. Tremendous selling pressure met this level, generally attributed to op erators who last week supported the market at 80 points lower. A sharp decline took place in the first half hour. Over 50 points were lost from the above level. May and July selling at 15.67 and 16.65, respectively. Con tracts were for sale, however, in very heavy volume, and at 2 o’clock heavy selling again appeared and losses of about 70 points were recorded from opening prices. The market was ral lied by shorts covering and other sup port, only to meet further pressure, which carried May and July to 15.32, with practically no recovery before the close. These prices represented a decline of $4.20 per bale on the May option from the opening quotations. Liverpool futures closed irregular at from 3 1-2 to 6 points decline and 6 points advance on the nearby options. Manchester reported yarns dull, with business in cloths restricted by high prices. Manna dairy feed, 100-lbs .. ..$1.60 Pure wheat, middling $1.55 Ceralfa feed $1.75 White loaf, second patent flour ~55.7H Lotus, standard patent flour ....$6.26 White wings; Carnation Exqui site fancy ~.56.50 Medium green coffee 9 l-2c Choice green coffee 10 l-4c Kerosene oil ..*l2 l-2c New crop Ga. syrup, bbls ....36 l-2c White clover drips, bbls 32c COTTON "SEED OIL NEW YORK.—Cotton seed oil close: January 742a50; March 749a50; May 751a52; July 755a57; September 742 a 52; October 093a96. Bpot 740a55. Sales 5.100. cash prod'uce MARKET. NEW YORK.—Cash produce mar kets: Minneapolis, No. 1, northern wheat 1.27 1-4. Wheat—No. 2 red nominal 1.31 f ob. —Corn—No. 2 mixed 73 3-4 c In ele vator. Oats—No. 2 mixed 50c In elevator. Rye—No. 2 western 91 l-4e f.o.b. Barley—Feed 70 l-4c nominal c.l.f. New York. Flour—Spring patents 580; winter straights 560. Mill feed—Western bran to arrive 27.50a27.75. Pork—Mess 24.25. Lard—Prime western 12.85 c. Tallow—Prime city 6 3-4. Coffee—No. 7 Rio 8 11-16. Sugar—Granulated 605. JUDGE EIIE GETS ORDER FOR SALARY Rule Nisi Issued Against Treasurer W. A. Clark to Show Wliy the Judge’s Salary For December Had Not Been Paid. As a result of the bringing of his petition before Judge Rawlings of the middle circuit of Georgia Monday. Judge Henry O. Hammond succeeded in having a rule uisl issued against Terasurer W. A. Clark of Richmond county to show why the judge's sal ary for December had not been paid. In the order Judge Rawlings sets February 4, as the last date on which the treasurer can show why this should not be made a rule absolute. Following this order obtained by Judge Hammond. Judge Eve of the city court appeared before Judge Hammond Tuesday and obtained a similar order in regard to Ills salary. According to the two judges these or ders were filed with the Clerk of court of Richmond county, hut up to the time of the Herald’s going to press, the Clerk of Court's office re ports that no such papers had been received there. The order of Judge Rawlings on which is based a similar order in regards to Judge Eve's sal ary us issued by Judge Hammond, is as follows: Tlie petition of the plaintiff in the foregoing case having been read and considered; and It appearing, That the petitioner in said petition is the Judge of the su perior oourt of Richmond county, and is disqualified to preside in said case, the same is hereby sanctioned and or dered filed. It is further ordered, That the de fendant named, to-wit, Walter A. Clark, treasurer of Richmond oolinty, be and appear before me at the court house in the city of Augusta, Georgia, on the 4th day of February, 1910, at 10 o’clock, then and there to show cause why the mandamus absolute should not he issued against him, as prayed for in the petition, and such further relief he granted as tho facts of the case may warrant. It is ordered further, That in de fault of said appearance and show ing, the mandamus prayed for will he made absolute, and that petitioner will he accorded such relief as he may ap pear entitled to. It is further ordered, That a copy of said petition, and of this order he served upon the said defendant, by serving him witli a copy thereof. Dated and signed this, the 10th day of January, 1910. B. T. RAWLINGS, J. S. C. NEGRO ATTACKED XMAS NIGHT BY MISTAKE On the night of Christmas, Mack Farland, a negro, coming from church, was knocked unconscious by another negro named Will ilffitpan, through a mistake. Tatpan, has been held at police barracks, ever since awaiting trial. lie was arraigned In recorder’H court Tuesday morning, and after be ing tried was sentenced to pay a fine of thirty dollars or serve sixty days on public works. It appears, that Tatpan had some difficulty with another negro who had signified his intention to kill him, at first sight and Tatpan, by mistake, took Farland to be the negro only to be mistaken after he had dealt the severe blow. As soon as Tatpan, real ized that he was mistaken In the man, he broke and ran, but was identified by Farland. before he made good his escape. LIVE STOCK MARKET. UNION STOCK YARDS, 111—Hogs; Receipts 30,000; five to ten cents low er. Mixed and butchers 820a850; good heavy 845a60; rough heavy 815 a 835; light 820a840; pigs 715a815; hulk 835a855. Cattle: Receipts 17,000; lOalOc low er. Beeves 425a790; cows and heif ers 210a590; Stockers and feeders 315 a 640; calves 760a9G0; Texans 510a835; Westener* 435a650. Seep: Receipts 18,000; market steady. Native arid western 360a625; lambs 576a900. ——— « «MH— * ■ • LIVE STOCK MARKET. In the lire stock market, the supply for common cattle Is good arid there Is a strong demand for calves. The prices are about stationary. Common cattle 2 l-2a2 3-4 Ordinary cattle 3a3 1-2 Good cattle 4a4 1-2 Calves, ordinary 3a4 Calves, good 4a5 Country Hogs 7a7 SAVANNAH NAVAL BTOREB SAVANNAH, Ga.—Spirits turpen tine firm, 59 1-2; sales 72; receipts 320. Rosin firm, sales none, receipts 3,631. Quote; W. W., 705; W. G., 680; N„ 685; M., 610; K., 570; 1.. 460; H„ 435 to 40; G, 425 to 35; h\, 422 1-2 to 32 1-2. E, 320a22 1-2; D. C. B. A., 320. BT. LOUIB GRAIN. ST. LOUIS, Mo.—Cash wheat. No. 2 red 182al-2; corn No. 2, 60 1-2; oats No. 2, 49. Futures closed! Wheat—May 113 l-4a3-8; July 101 l-4a7-8. Corn —May 68 C-Ba3-4; July 68 1-2 bid. Oats,—May 47 5-8; July 43 3-4. / THE MONEY MARKET. NEW YORK. —Money on call 5a5 I 1-2 j<er cent. Time loans easy; 60 days 4 l-2a4 3-4; 90 days 4 l-2a4 3-4. | Six months 4 l-4a4 1-2. Posted rates J sterling exchange 484 l-2a487 1-2 with j actual business in bankers’ bills at. 486.70 for demand and 483 3-4a484 for sixty-day bills. Prime mercantile paper unchanged. BOBTON BTOCKB. BOSTON, Mass.—Opening: I,ako ; Copper 80; Arcadian 9 1-4; Arizona ! commercial 48 1-2; Grloux 12 1-4; North Lake 8 1-2; Lake Copper now SI; Cal. Arlz 100 1-2. ROCK ISLAND LEADERS BEAR COTTON AGAINST 818 FOUR CROUP OF BULLS GRAND CONCERT ID» P. H. Gamble Concert Trio at Grand as Regular Lyceum Number. A real treat Is In store for the mu | sic loving people of Augusta. The Augusta City Lyceum presents the Gable Concert party as a regular number of the course, at the Grand tomorrow night. Each member of this party is ttie product of tho great est European masters. 'Pile program is shared equally, there being no star and no inferior supporting members. The combination of voice, piano and violin is ideal. The party is small numerically but big artistically--three I great artists. Mr. Ernest Gamble, the distinguish- | od basso cantante, has achieved si position among the foremost concert singers. Pits career closely approaches the marvelous, and he Inis filled near ly two thousand bona tide appoint ments. Nature has been inoro than kind to this young singer. To a voice of wonderful depth and richness, ho adds a charm of manner and a mag netism that moves multitudes. With excellent qualities for a foundation, Mr. (Tumble Ims added a splendid style and true polish which Kivo him musically and intellectually a masterful command and ennl.! * him to give free and unhampered interpre tations. TRIED ¥7ftKE SAMSON’S LIFE LONDON.—A pro election attempt on the life of Marley Samson, Union ist candidate for Pembrokeshire, waa reposted Tuesday in a dispatch from Gardif. A shot was fired on him while he was motoring, but tho bul let missed him. CHIEF ELUOTT GOES IN OEEIGE Major George P. Elliott, chief of police was sworn in by Mon. Thomas Barrett, Jr., and entered upon his duties Immediately. When seen, Major Elliott declined to outline his policy in connection with the police, stating that he desired to thoroughly familiarize himself with tho work be fore he gave out a statement. % FIRE IN MATTRESS FACTORY TUESDAY The Augusta Mattress Factory at 930 Jackson street, was tho scene of a fire at 2:30 o'clock Tuesday that at one time was threatening tho entire FINANCIAL The National Bank of Augusta ORGANIZED 1865. Wo cordially Invite tho banking business of tho public, ’fooling confident that our ample rcsourcos, superior facilities and tho uni formly courteous and liberal treatment which wo accord our custom ers and friends, will render association with us permanently agree able and profitable. Safety Lock-Boxes in our Magnificent ,Vault, for Rent $3.00 to $20.00 Per Year. L. C. HAYNE, Preeidont. CHA3. R CLARK, Cashier. GEORGIA RAILROAD BANK Security to Depositors, $900,000.00 i Interest at 4 per cent paid on Savings Accounts. Your account is solicited, whether it he large or small. h If You Could Insure Your Property Without Cost to You, You Would Surely Do It. You can Insure your money without tiny cost by depositing it with us to be kept for you until you need It.. National Exchange Bank CAPITAL AND BURPLUS $540,000.00 4 PER CENT ON TIME DEPOSITS. Are You Holding the Reins? It’s but a small step from having affairs manage you to managing your affairs. Usually the opening of a bank account means taking the reins of affairs into your own bands, and af ter that you drive —instead of being driven. MERCHANTS BANK NINE Prominent Stock Exchange House Will Probably Be Suspended For Causing Flurry in Rock Island. NEW YORK —Punishment will he meted out Wednesday to the firm held responsible for the recent flurry and panic In Rock Island stock, when It rose from 50 to SO in less than half and then collapsed to the original figure. It was learned Tuesday from authoritative sources that a prominent stock exchange house will be suspend ed. Two others will be reprimanded. This house is a heavy dealer In cot ton, and In the last day or two ha* been liquidating. This is one of th# causes of the slump in cotton. The prospective suspension of ths house that played the biggest part In the sensational Rock Island affair is the result of a thorough investigation that was begun by the exchange on the day of the Hurry. Knowing the punishment that is coming, the house has stood from un der smartly in the cotton market, and the result has been an unexpected blow to the Big Four group ’s cot ton plans, The leaders of the bull clique, ac cording to prominent dealers, are Hayne, Seales, Patten and Brown, and opposed to them are the Rick Island loaders. One of the principal houses through which Rock Island traders have unloaded cotton played a big part In the Rock Island affair, it is said. The market opened steady Tuesday morning In response to better cables than had been expected 8 to 12 points up. There was considerable selling on stop due to overnight margin colls which caused weakness after call and the active positions sold off to tho low of yesterday. Buying developed at this level, however, and May prompt ly rallied. The early market was exceedingly nervous with wide price fluctuations between sales and with sentiment mixed. Spot Interests seemed to bo selling freely but Wall street appear ed to be Just as eager on the buying side. IYOR SWEARS IN OFFICEHOLDERS Tuesday morning nt 11 o’clock the Mayor’s office was lilled with the of fice holders who were elected Satur day night. They wore present for tho purpose of taking oath of office. The majority of the officials were sworn in as a body, Mr. Lyon Martin reading the oath. When tin* oath had been administer ed, Mr. Thomas Barrett, Jr., mayor, said, “Gentlemen, T thank you all, l am glad to see you. With you is the success of the administration.v works. The flro originated in tho picking' room and rapidly spread to some Inflammable material. An alarm wilh turned in and the lire was ex tinguished almost Instantly by the ready work of lho department. Tho damage 1h estimated at $30.00. FINANCIAL