davidaulloa/AmericanStories huggingface dataset:
The sun., 1916-10-06
COFFEE MARKET.

business was a little more active in tho
'"n'e market Yesterday. hut part II II WINS I'm
sales we're reported " 1880 bags, The m"r.
Kct closed at n net decline Of 10 4 poin',
~, opening was : To = points lower IN,
n'cilh" OF 20 Ieis reported In futures nj
santos Inspired some scattered selling, There
appeared to lie a little Wall Street buying as
Wen us covering, This demand caused slight
rallies, with May contracts selling no from
SO In $50 during the middle o2 tho dry.
Active months generally worked back 10 abu,,,
or a shade over Wednesdays final fguics, hut
day, owing 10 reports OF an easier tone in the
cost and freight situation Quotations for
santos ~ ranged from about lO'sc. 10 1oi,c.
market quiet and nominslly unchanged Mt
Gig. for Rio Is and lihc. for Santos Is.
Range of prices; Wedpe..
The sun., 1916-10-06
Dehcit ...,........... s ,5i3.l5o $685. IS
Elk DIVIDEND TABLE.

To redeem outstanding certificates. g. 1911. 23I. sIs
Grand total cash assets In Treasury .. Coz 300 100
The sun., 1916-10-06

Se00S Columbia Gas 5s.. s7L s,E s,l ri
10000 Pitts Coal deb Is gsia 9ais sss gsi.
The sun., 1916-10-06
Bank ~ England Statement,

LONDON, OCT. 5---TNN weekly stute-
mont OF IN" Bank Of England shows: Total
reserve increased t,iy,OO0, circulation Inc.
f329. 900, bullion inc, tl,Ois,aI2, other So
%Curitlrs Inc, fls,7sl.ooo other deposits Inc.
fl6..is.ooo, pablic deposits dee, tl.ia6, 900.
curities unchanged. Proportion OF reserve
to liability 81, 20 per cent, last week. 22.90
per cent. Rate OF discount, = per cent.
The sun., 1916-10-06

lbs, sa.75; los 10 har sa6OTS,75, state,
bulk, $50 lbs, .satomo,Go; Jersey round,
sSa6I3tO, round. 150 ID. bag, s3H3a5;
Ions. $50 ~. has, .3Ts,lj sw cts. south,
crn, bhl Si.2iu2i bsk., 5Ou1 5c,; Jersey,
new, bsf,. a0m ! 10; Delaware and Mary.
land. bsk.. q; Vans. Southern, bbl., STA
The sun., 1916-10-06
UNITED STATES RUBBER 60.

1890 Broadway. New York. Oct. ssh, ''lt
The Board Of Director. Of ~, lH!' :
states Rubber Company his this DIS, &c.
clarrd from its net profits IA quarterly Dis.
demo OF Two per cent. '@toi on the It'.'
Preferred stock and a quarterly Jlf.. al
OF One and onc.half p"g cent. G'.'ft H.
the second Preferred stock OF the '1a-
pany. to stockholtcfs Of record a. T.. &
on Saturday.. October lin. 1915, yt,1
without closing OF the Transfer Boots.
October 3ist, 1916
" = PARSONS. TrcasIfo'
The sun., 1916-10-06
PENNSYLVANIA COMPANY SIS. GOLD
InNN M tOnt

The balance Of certificates issued under
the Pennsylvania Company $40 Cold Loan
OF 1901 amounting to Sl.Sgt.0oo. NJ, h.-s
tofore drawn for redemption, viii ma,i'.
November LIST, 1915. ut which time said tst.
tifcatcs as well as any heretofore draw
and not yet presented for payment. VIII be-
paid upon presentation a: the ofi,e Of ~.
undersigned.
Philadelphia. Pa
The sun., 1916-10-06
SILVER PRICES.

Average price Of silver in New York in
Octobd" 1919, was ~A9,3slsc an ounce; October,
1914. b0t5c October, 1913, 60 7sc.: October
Iol2. G.4ic. Octobor. 1911. M.SIc.
The sun., 1916-10-06
DIVIDENDS AND INTEREST.
UNITED FRUIT COMPANY

A quarterly dividend OF Two per e.a,
1.-TWO dollars per share, on the capital
stock OF this Company has been declared.
payable on October IL. 1916. 20 s,ookhold.s
OF record at the close Of business September
%. 1915.
The transfer books do not close.
JOHN W. DAMON. Treasurer
The sun., 1916-10-06
INSPIRATION CONSOLIDATED COPPER co.

The Directors have ihis day deCt.i
dividend Of s. per share, payable Mo.
October 30, 1875. u siock hoiicrs ~ -
at 2:0o o'clock +. NJ. Friday. OttoIei ID.
1915. J. W. ALIGN. Treaau-
New York. y. V. September "a. it's
The sun., 1916-10-06
Note-Aericulturai and live stock paper ma.
TURTLES OF from VI days TO sig months.
Commodity
ITa1e
Acceptances.
nAya Of

Authorized rates for bankers acccptanccs.
80 minimum. ~ ma1imum. Rates for bills
Of exchange purchased In open market by At.
lanta bank, 3isT5iset. Rates for bills with
Or without member bank Endorsement. with
mafurities Of ninety days or less. purchased
In open market by st. Louis hank, cutS.
RATES Tor commercial paper purcha sed In open
market hy Dallas bank. $751;. Rates for trade
scccptanccs, with maturities Of ninety days or
Der bank Endorsement. by New Orleans branch
Of Atlanta hank. 81. Az. Rate. Of 81 for com.
modify paper with msturiucs Of from sixty
hank
The sun., 1916-10-06

Receipts for duties A. the '-..n
House yesterday were $i79., d'l :
which S213,O0i,6i was for nlcr,h,ad's
withdrawn from bonded warehouse ana
$500, 1890 for recent importatoRs
The sun., 1916-10-06
BOSTON MARKET.

BOSTON, Oct. Stopper shares martst
ateiy on light trading. Rails strong. New
Haven and Boston and Maine showing GOOD
gains. Miscellaneous shares nrm. Summary;
The sun., 1916-10-06
CHICAGO MARKET.

CHICAGO. Oct. S.-Irregularity marked
price movements. the traction issues hetng
lower on proht taking. Swifts strong. Union
Carbide up . points Stewart Warner, Paper
Board common and American Ship common
higher. Bonds strong and active, Summary
The sun., 1916-10-06
PHILADELPHIA MARKET.

PHILADELPHIA. Oct. Prizes firm ard
trading active. Pennsylv ANA and Lehigh
Valley were In demand. holding subst an,ial
adv ancce well. Lake Superior Corp. active
and easier. Bonds active and strong, sum.
mary.
The sun., 1916-10-06
CENTRAL OF GEORGIA RAILWAY co.
MEETlNG OE STOCKHOLDERS

savannah. Ga. September o. ~
The annua. meeting Of the Stuckl .it"'s
Of Central OF Georgia Raiway ,omssu
Will he held Mt the ofice Of IN. Conpani
corner of Liberty and Montgomery St'es's
In the city of Savannah, Georgia, W
Wednesday. the llth day Of Oc'ohor. 1875
at II o'clock A. NJ, Eastern S'snAart Tims
action OF such other business as Wsr one
before the meeting
The sun., 1916-10-06
TRUST AND SURETY COMPANIES.
BALTIMORE MARKET.

BALTIMORE. Oct. 6-Markct active. with
trading well distributed. Cosden shares, Con.
.nlidsted Power and Davidson Chemical led,
the last named advancing : points TO ig1. Bond
department prices arm. The summary
The sun., 1916-10-06

september. s... zee. see. 4HS 81.
SUGAR. RAw-No change In market aud
ing straight October shipment at &c. cost
and freight. but renners preferred TO await
iSsse., S.i... ~ mo-
SUGAR. REFINED-crys,ai domino tab.
,sis cases. ? 10. cartons, half or full eizs
size tablets. ioa O'ioc. in u ca,es: eagle
tablets. &C.: cut loaf. She; crushed. &c .
@ %tisla EA,scSsn1 0* Sx sas e poMat : d. bag. pow:
powdered. &C.; domino Frsnulated, cases 3.
eagle contectloners granu'ated. 7.soc' eagle
coarse granulatcd. Tlbc.; extra nne rranu-
i nns xr5 iSi sssle Z; 20 81, and : II; carton.
,nd I.'Sc; in sbis g. 10. bag. do. '.ISs
In bbls :s and 30 N bags do. 7'ioc.:
standard STIMULATED. 7c5c. fne granuiated
S go. diansnd a; &C.. ocni"c'iops,' 4, ssoe
50. !, s5Sc.: 80 :: s.soe 30. :. So:
Nos. 10. II and Is. s.c6c.
ARTIrMoKES@temorhia' drum scr,
hanr Is.na' srnorTsrs'a';i q, s6iss;
asis 2 -; b 1 E, 100 S;hs ga
on Dbl. tG:SGs5c: washed. tops on. s sGp
ssgs:so; gnws,hed: bag. 81. also: IN.
81 e INSTRUMENTATION I'm isR.eG wSShsd' box box miisGiT
Is!saa. Ssi, iSs;t. rs nS.Rfi',,i a f 3.
state. small. sSi. staS: s saS"" Dit. PS ,Gssl.i.
basket, H,bou:e5; state. dili. ! a.. bsk',
sigsoc state. b.k.. n5ou:?5; sherken'
Long Island. 81 " i''' gain P Gks",
|,,ffF5scsyy and EH9s Island Tea. NJ,
and nesrhy, rough. crate. ii as. coRH~
Nearby. per 100 cars. use. qS55. CAUi.I.
sLowGRS-oLong Island. short cut, bbl
.i:saisS; state sb Ii'' , !n15 SCrrss,,e,
trliSGa 81; California. half crate. n-5e
&ARLlcNimportea, %s,r,ns.' ID. '7'a'sseo:
nearby. Ssk. or bss. i5c. a.ii"H hETTTfGtGSE-
Nearby, Dbl, 500, crate, :5m7Sc.;
sM'ar5e; c,1,,; SOC a,itc; hsk, 500 go,
oNIoNs-state and western, Witt Scra;s
s s@ss,isW, I iSs t. ,ssssi .s. Il: s,, rsa. .@ssSs?.g!;''
rel. b.k, 7Sc QU. yellow. Use atI, White,
.3r.nr; Orange county, yellow. 100 10. bay,
ssd ID i Z az H. Hni'1i 100 h. bag; q SoeG.so;
sssioo. 5oc, q 81; Jersey. white pickles. s.:
30, other white. N9l.5o: yellow. 1907
low. 100 III bag. sea..75: red. 100 H. bar
s:T@75 Florida, per bsk., ssd
I, ~ PEAs-cal@ifornia. per drum. st1 d;
bsk si,5oq?; cheese. green. bbi.. Ii'7sa
20; red. Dbl. s?7jas25: bullnose. green.
sbI sini,So: red, bbl., sed $50: king, bbi,'
sl.I5p2: long, hot. bbl., se.50f3. cuh,n
Queen, green. bbl.. H.5onI.75;: red, hbi
,;:,m PARSLEY-Ncurby. 100 schs,
ui23, PIMPKINS-Bbi. 75c. 81,
RoMAINE-.Nearby. Dbl. 5Onsi; Stale,
Ssk; soc, M; hox soc. aN. SPINACH
SNe'rsS, yrets. S9M .Sc; state. bsk soc. e
bard. N75d?. TuRNIPs-Rutabaea. hi
sssou:B ToMAToEs-Nearby' large
box. N,5o email box. sl3I =.
carrier Use 9 $50. wATERcREsS-LLiSo
The sun., 1916-10-06
BALTIMORE AND OHIO yQUIPNyyr
TRESr nF tQ

h undersigned trustee Ntll 10 prsparsi
on october 10. 1916. to deliver Ds fn,tive Is,
per cent. Certificates of Baltimore and Ohio
Equipment Trust OF 1916 at its once, Bro,i
and Chestnut streets. phiiaie'p hia. on ,ut
render OF Its Interim Certificates.
Exchange will also b. made ht tire one.
of the Baltimore and Ohio Railroad Con-
pany. No. , Wall street. New YORK;. on snf
after said date. TO facilitate exchange.
holders are asked to file theii request 4.
New York delivery at said om,c ptior t.,
October Z. 1916.
GIRARD Trust COMPANY. Tru.t..
philadelphIa Pa. Octnhnf . lrif
The sun., 1916-10-06
heADjUsTMENT or
International Mercantile Marine

Notice Is hereby given that the Plan ~
the ReadJustment OF the Debt OF In,o,,.
tionsi Mercantile Marine Company ds,.s
1. 1915. HAS BEEN DECLARvn
by the undersigned c.
Dated New York. September 20. 49,,
J. N. WALLACE,
C~hairmaa.
HENRY EVANS.
HARRY BRONNER,
FREDER1CK W. SCOTT,
CHARLES n. sABlN,
Preferred keSak Comm,,,..
JOHN W. PLATTEN,
Chairman.
LEWIS I. CLARKE,
DONALD O. GEDDES.
A. n. a. POST,
STACY c. RICHMOND,
WILLIAM Q. VAN ANTWERP.
Common stock Committee.
The sun., 1916-10-06
FOREIGN

Tue tone of the foreign exchange market
Yesterday was quiet. Marts were fraction.
ally higher and Paris checks made a new
high for the month on the offering Of tho
neS national French loan by local bankers.
In the following tables. when the de.
mand. SIGHT" or check rate Is quoted
in United states currency II 10 said TO
favor this country II less than par. but
when quoted In foreign currency II Is said
70 oe "seainst' this country IL less than
par For the convenience Of readers such
rates are marked ~ when in favor of
ana a. when against this country.
The sun., 1916-10-06

PITTSBURG MARKET.

PlTTSRt rig, Oct. 5-American Ni,d.n
Glass Machine advanced 1 poin, Ia g, w. ~
iumhia Gas and El"ctri" hrn. gaining more
man a point Westinghouse Electric active
priced mining stocks. summary "
The sun., 1916-10-06
rOUITRN, DREssED -rrRKEYs-pry

pa0kcd' spflng |hr0.Iing, ?lg-a lbs. oloh, No..
SoH SIC old hens. dry picked, 25n3sc.
oll toms, dry picked. 2TM2sc. scaldcd, AZ
n zoe CHI'kENS- Fresh. dry packed, /.
TO box, W,st,rn y. milk fed, y lbs, to dozen
ana nnd,-' ib soc ih,st lbs SOC: 1880
i@-ts lbs, .7c,: fresh. bbis., milk fod, dry
packed: Western; dry picked. 8 lbs. each,
second Grade. nil sizes. q &c. less than
above prices. depending on quality; corn
FED. ~ lbs. 70 Aossn ana under, Is, 900,
The sun., 1916-10-06
RATES ON OTHER COUNTRIES.
Yesterday. Prev.

nBpIUNImHI. pari!Its Of AboVe are: Hol.
land, 6ist lire, drarhma and francs respec.
lively; Russia, BIO CENTS. Austria. iON
cents; Denmark, Sweden and Norway, % is
e. u cents; Argentina. sold. 1896 pesos: In
Ola. a. cents: Japan. pA cents.
The sun., 1916-10-06
BUGFAl0, ROCHESTER L PIrrsDuDeu
RAILWAY COMPANY,

SINKING FUND NOTICE
Notice 10 hereby given. as pioyi,.. 4.
Article - of tho Agreement seeming ~.
above bonds, that sealed offers vii l.. -.
ceived up to Ten C0i O'clock 4. VI on ~.
First Gst) day OF November. 1915, hy m.
undersigned at Its once. 40 Brosdrsr
New York City. for the sale to 4, as I'm,
tee. at a price not exceeding par ana 49,
crued interest. OF sufNcient OF tito sboy. a.
acribed bonds to exhaust tbs sum Of ylr,
Thousand $50, 900, Dollars Oners ,h,,is
be seWled and endorsed offers Tor IL, So
OF Buffalo. Rochester 4 Httsbursh Ra :
way Company Series g. Equipment Boz 4,
to Sinking Fund, and addressed 10 ,hs
TRUST DEPARTMENT. -"
GUARANTY TRUST COMPANY OF
NEW YORK.
ny CHARLES II, sABfN. President
New York. October End. 1915.
The sun., 1916-10-06

ESs6S- EeceIpts. 6.l6l cases. Tresh
gathereo. extra nne. per dozen. 80 Il i0c. :
extra nrsts. 3in 3sc. nrsts, 81 asc.. sec
onds. 81 S3c. thirds and poorer. IS q soc. (:
dirties. NO, l. :sis a ?sc.: No. : and poorer.
.on2Sc'; checks, good to choice. dry. .6I
a2,c.; undergrades. 24a zee: refrigerator,
special marks. fancy. storage and insurance
PAID, 3l% gSsc.;. nrsts, 3oh 3lisc.: Sec
onds. esn soc; lower grades. 251:si.c.
dries. .Sis SIC; refrigerator, state
whites, a3Q34c.: state. Pennsylvania and
nearby western hennery whites. fine to
fancy. bsn5bc.: ordinary to good. rs soc. f;
sathered whites, ordinary to nne. IS n soc. /:
western and southern. gathered whites.
sty 'oc. state. Pennsylvania and nearby
henney browns. t0II ic.: gathered brow n
and mixed colors. - d <0c.
The sun., 1916-10-06
FRUITS, DRlED-APPIEs-Eva,

fancy, III, -. choice. ssc.. prime,
1,ygs,ss: ELECTROMAGNETIC. IL. SSc.
BLACKBERRIEs-isis. ID. l?is u isc
APRiCOTs-Moorpark,. i5c. Royal. las, n
l5c.: unpeeled. Tusc. PRUNEs-Ca,,for.
MA. zoos 10 3os, 25 ID. boxes, AZ
The sun., 1916-10-06
DAILY TREASURY STATEMENTS.

WASHINGTON. Oct. 6-The statement of
N" receipts and disbursements of the Treasury
ehoWa:
The Birmingham age-herald., 1916-12-03
WHEAT MARKET
 CLOSED NERVOUS Reports of Cancellation of British Orders Set Back
 the Market

Chicago. December 2.-Uneasiness re- garding virtually unfounded reports that efforts had been made to cancel the pur- chase of several million bushels of wheat intended for Great Britain put the bulls today at a disadvantage. Although much of the consequent setback in prices fi- nally was overcome, the market closed nervous, Sc to 1c net lower, with Decem- Der at $166, and May at s1.73 to A.73A. Corn finished 1sc off to 14c up, oats from 5z05sc down to s4c advance, and provis- ions varying from 42c decline to rise of 10c.
 Word that export sales during the last 24 hours would aggregate 2,25O,o00 bush els though confined to business with Hol- land and Greece, did a good deal to cause substantial rally near the end of the day. Weekend evening up of specula- tive trades helped also toward a recov- cry in prices
 Comparative strength at the wind-up was partly due to announcement that the Baltimore and Ohio embargo did not ap- ply to corn. Oats, like corn, had little independence. At times, cash houses were conspicuous in the selling.
 Requirement of lard for Belgium forIhed something of support for pro- visions. Otherwise however, demand was only of a scattered sort.
 Future quotations were as follows:
The Birmingham age-herald., 1916-12-03

New York, December 2.-(Special.) Liquidation of long cotton continued at intervals during the day on a small mar ket, with the effect of causing a slight decline from yesterday. The local traders were the principal buyers, though 1t was thought that some cotton was taken for Liverpool account only early in the morning. No change was shown in tht movement, which compares this week with a large movement last year Many expect 8 recovery after this liquidatfor before the bureau estimate of the crop Others think that the decline in other commodities has to some extent checked the desire among outside traders to buy cotton at this time.
The Birmingham age-herald., 1916-12-03
Reserve Board Statement

New York December 2.-The statement of the actual condition of clearing house banks and trust companies for the week shows that they hold &l.001,3 BIO reserve
 in excess of legal requirements. This is decrease of $17.6l5,9S0 from last week.
 The statement follows: Actual condi- tion: Loans, discounts etc., $3,370. .09S, 900, decrease S45, 600; reserve In own vaults, of which $326, 4300o0 is specie. $3s9 5a3, 900, decrease $S.49400o; reserve in federal reserve bank s162. .059.0OO. de- crease sl9,352. .000; reserve in other deposi- tories s54149,OO0, decrease $2.0S9,000; net demand deposits $S,277,015.0oO. decrease s74, ,S6o OC0; net time deposits l7l,44S.0 .000 decrease g, 600; circulation $29 900, decrease s476,000:A aggregate reserve s6o5 sol. .0o0; excess reserve $41,oo1 ,310. decrease ST, ,645, s30.
 Summary of state banks and trust com panies in Greater New York. not includ- ed in clearing house statement: Loans, discounts, etc, s762. 17S.4O0, increase $11,- 4SS, 600; specie s61, ,703. 400, increase $96.100; legal tenders $lO.4s2S0O. increase $lS0.0Oo; total deposits $sS7. 7.0s350o. decrease $s, s,22o, 300; banks cash reserve in vault sl3.555, 700; trust companies cash reserve in vault s5S. .6sO.5Oo.
The Birmingham age-herald., 1916-12-03
Coffee Market

New York, December 2.-The market for coffee futures opened steady at an advance of 1 point on further scattered covering with May selling at $500 on the call. The demand was very light, however, and prices later eased off with May selling down to 8.45c under realizing, while there also seemed to be little trade selling, particularly of March, which was said to be on about a parity with cost and freight offers. The close was 3 to points net lower. Sales, 13,750; December, S.06c; January, S.14c; February, S.22c; March, s.2sc; April, 8.37c; May, S44c; June, S.51c; July, S57c; August, see; September. S.66c; October, S71c; Novem- ber S.74c.
 Spot coffee dull Rio 7's, 9iz; Santos As, 103s. No fresh offers had been received in the cost and freight market up to the close. Early estimates suggest an increase of between 100000 and 5OoO00 bags in the worlds visible supply compar- ing with a decrease of S2, 319 during Novem- Der last year. The official cables re- ported no change in the Brazilian mar kets. while there was an advance of 1-32 pence in Rio exchange on London.
 Brazilian port receipts 59,0o0, Jundiahy 5000
The Birmingham age-herald., 1916-12-03
COTTON MARKET
 CLOSED AT ALOSS
Spots Were Well Above Flu. lures and Gave Market
 Steady Tone

New Orleans. December 2-Thete was considerable evening up of commitments on both sides In the local cotton market today. Early in the session the selling movement of yesterday still was in evi- dence. but later there was a steadier feeling and net advance was estab- Eshed on moderate fresh buying. The drop of 37 points in local spct quota tions was viewed unfavorably and the close was at a net loss of to points.
 Tn the early trading the market lost to 12 points, and the tone was not good. The soft spot tempted buyers for long account and weekend profit taking by shorts became factor. On this demand there was a quick upturn which put the most active months to 6 points over yesterdays close. This was the high of the session. Offerings gradually in creased from this point on.
 Even at the decline of 3T points bullish traders pointed out spots were well above futures and the argument gave the mar ket a steady tone at the close.
The Birmingham age-herald., 1916-12-03
FURTHER DECLINE
 ON COTTON MARKET
Renewal of Selling Move ment Tends to Depress
 Market

New York; December "A further de-
 cline at the opening of the cotton market
 this morning was followed by rallies on
 covering for over the weekend, but the
 tone was unsettled and prices eased again
 in the late trading, with the close steady,
 net unchanged to 5 points lower. After selling at 20 46c early. May advanced to
 20 6Sc, but closed at 2o.53c, compared with
 20.56c, the final quotation of Friday
 The market opened steady at an ad-
 vance of points in December, but gem erally to 8 points lower under re-
 newal of yesterdays selling movement. Active months worked about to 1o
 points net lower right after the call, but
 around 20O4c for January and 2026c for
 March or s1.1o to S1.15 points under the
 high records of Monday morning, prices
 were steadied by covering. Some fresh buying may also have been reported by
 reports of strong goods situation, yes- terday's large spot sales at sustained prices in New Orleans and reports that the average estimate of the crop by mem- bers of the Memphis cotton exchange placed the yield at Il, Ill, ,065 bales, exclud- ing linters. January sold up to 20.19c and March to 20 43c or about to ' points net higher during the middle of the morn ing. The bulges, however, seemed to meet increased offerings with bearish talk around the ring suggesting a tendency toward the short side, and the market showed reactions of about 10 points from the best at the close.
 The less active business in the goods market was attributed largely to the season of the year, as trade generally is quiet preceding the holiday so far as first hands are concerned. Fall River sales of printcloths for the week were esti-
 mated at 10000 pieces against 210.000 last year. Local spot people said their ad- vices from the south indicated no change in the interior markets
The Birmingham age-herald., 1916-12-03
ACTIVE SESSION ON
 STOCK EXCHANGE Leaders Move Narrowly With Slight Gains in
 United States Steel

New York, December 2.-EXtension of the recent inquiry for minor or low priced rails, embracing those whose inn mediate future is viewed with increasing confidence, was the most noteworthy feature of todays short but active ses- sion. Advances ranging from 1 to 3 points were registered by Rock Island, Missouri Pacific, Wabash, Kansas and Texas and Western Maryland issues, with further improvement in Erie and Southern railway.
 Columbia Gas, at the new record of 517s, with new maxfmums for Pitts burg Coal, common and preferred, and American Hide and Leather, preferred, the latter gaining 614 to S41s.
 The last half of the session was en- livened by brisk rise in metals, Utah Coppers making a gain of 4 points, with 1 to F in Chile, Anaconda, Ken necott, Inspiration, Miami and Ameri- can Smelling. Leaders moved rather narrowly, United States Steel mani fested some heaviness, but closing at a slight gain. Investment rails were in only moderate demand, with some strength in Reading and affiliated coalers. Total sales of stocks amounted to 790,000 shares.
 The bank statment fulfilled popular expectation by disclosing another de- crease of cash--about S30,000, ,00o-and another contraction of reserves, reduc- ing that item to $41. 900, 900 the smallest total since the present system of re- turns came into vogue. This condition, it is expected will make for continu- Rnce of recent high call money rates.
 The bond market was stronger today in consequence of the improvement shown by international issues. Total sales, par value, $3,570,000 United States coupon 4s weH F per cent lower on call during the week.
The Birmingham age-herald., 1916-12-03

Nevertheless. on the mid-session rally there was sufficient selling to break March from z0.43c to 20.31c. We look for very active markets next week. Extremely wide swings are likely. We still feel that well margined purchases made on any sharp break from pres ent levels will show profits before the weekend. However. with quick moves up and down probably. moderate profits should not be overlooked. De spite the easier tendency in lard and cotton, cotton-oil held fairly steady. Outside oils show no weakness. We be- lieve local and refining interests are heavily short of cotton oil. A sharp rally on oversold conditions Is pos- sihle any day.
 We favor purchases of May
The Birmingham age-herald., 1916-12-03
E. F. Hutton & Co.'S Stock Letter

Furnished by c. F. Avery's private wire.
 New York, December 2.-The mar ket Is under two influences, actual conditions and the technical. It is won derfully good, but the latter Is most ly the industrial group and is bad This situation has been going on for some months almost exclusively in the industrial list and stock that money lenders are not accustomed to. Earn ings have made advances on this group which, while warranted under present conditions; look very high when we look back year Technical conditions often make 10-point break and often check advances, but in the end actually win out