The Birmingham age-herald., 1916-06-29

railroad bonds irregular Time loans steady; 60 days, 31sQ3a4c; 90 days, S74@4 per cent; six months, 4@4A per cent. Call money steady; high, 2Ac; low, 21s per cent; ruling rate, 2s4 per cent; last loan, 22s per cent; closing bid, 21s per cent; offered at 2sa per cent.
 English Money
 London, June 2S.-Bar silver, 335s pence per ounce. Money. per cent. Discount rates: Short bills, per cent; three months, 5ss per cent.
 Metal Market
 New York, June 2S.-Copper quiet; cleo trolytic, nearby, nominal; September and later, s27d2s25. Iron steady and un- changed Metal exchange quotes tin steady; spot offered at $3S37ia. At Lon don: Spot copper, e1O3; futures, e10O; electrolytic, e13S; spot tin, 2172; futures, e172 1Os
 Naval Stores
 Savannah, June 2S.-Turpentine firm, 3sc; sales, 5O2; receipts 450; shipments, 553S; stock, 10,147 Resin firm; sales, 1928; ICCciplS, IOOZ, SfllpIilellS, fIfO, SlOCh, ol,- 472. Quotations: A, B, $4906s5. .25; c, D, s5o5a5.25; E, $5.106525; F, $5.20a525; G, sS221a@5.35; H, $5.25@5.35; l. s5. S0q5.35 X, s5.40d5.5O; M, 5.50d5. 50; N, $5. .60G5,75; we, s5 7o@5.so; wv. $5.so@e
 Cotton Seed Oil
 New York June 2S-Cotton seed oil sold down early with lard, but later steadied up on demand for nearby oil from refin- CTS and covering of fall months on the part of the south Final prices were 1 points lower to 2c higher. Sales, 17,50O barrels.
 Spot 10S0c bid; July, 10.S0610.SSc; Au- gust, 1O,76@1o 7sc; September, 1oeSQ10. roc; October, 9.74@9.76c; November, S.s4q8. .S6c; December, 8.74GS 76c; January, S.74@8. .7Sc; February. s.So@SS4c. Total sales. 17,500. Coffee Market New York, June 8.-There was a further decline in the market for coffee scattering liquidation and a little trade selling which seemed to be based on a growing impression that Brazil was seek ing a large outlet for the early new crop movement The market opened at a de- cline of 3 to points under comparatively small offerings and was rather quiet dur ing the greater part of the day, but the selling became 8 little more active to- ward the close with September declining to 7.71c, and December to 7.91c, or about 110 points under the high level of last May. Closing prices ewere steadied by covering, but were within a point or two of the lowest at a net loss of z to points. Sales, 35000. June 760e; July, 7.60c; Au- gust, 769c; September, 7.78c; October, 7.S2c; November, 7S7c; December, 7.92c; January, 7.97o; February, S.O2c; March, 7-O7c; April, S.l2c; May, S.17c.
 Spot coffee dull; Rio 7s 9c; Santos As, 10Ac. Offers of Santos As were reported in the cost and freight market at from 9.50c up to 9.75c on the basis of London credits. / The official cables from Brazil reported declines of from 100 to 125 reis in milreis prices with exchange on London un- changed Brazilian port receipts, 4S,oO0; Jundahy, 34,000.
 Live Stock
 St. Louis, June 2S.-Hogs: Receipts, 5000 market lower. Pigs and lights, $S.25@9. 75; mixed and butchers, ss.65@9.s0; good heavy, $9. .S0@9 30; bulk, S. .650l9.75.
 Cattle: Receipts, 12,s0O0; market steady. Native beef steers. $7.50@11. .S5; yearlins steers and heifers, s7.50@10 .65; cows, $7 50 Q8; stockers, $5. 506lS. 50; Texas and Okla homa steers, $5.5oq10; cows and heifers $5@8; native calves, $6@11.50; prime year. ling steers and heifers. .75p1O. .25.
 Sheep: Receipts, 5aO0; market steady. Spring lambs, $7@t1. 15 sheared ewes, $4 @S; wethers, $5as; sheared lambs, $6@1o
 Kansas City, June 28.-Hogs: Receipts 2.o00; market lower Bulk, $9.55Q9. .S5 heavy, s9 .S0@9.s 90; packers. s9.7O@9 ,S2 light, $9 .65Q9.70; pigs, $8, ,50@S.75.
 Cattle: Receipts, 1000; market steady Prime fed steers, SIG. 25@10.76 dressed heei steers, $9@10; southern steers, $6. 4019. .75 cows, $5@S. .25; heifers, $7.25@e.75; stock CTS, $6. 75G9; bulls. $5.75@s; calves, $6. 5o@1l
 Sheep: Receipts, 5000; market steady Lambs lower s .50@s. 75; yearlng,s s. .750 s,9o; wethers. $6.25Q7, ,5o; ewes s6Q7. .76.
 Chicago, June es.-Hogs: Receipts, s, 900; market steady. Bulk s955Qe. 80; light s9. .30@9 75; mixed, S. .S5q9 .S5; heavy, $s. .25@ S.90; rough. $s.25@9.40; pigs, $7.50Gs. 15.
 Cattle; Receipts, 1S,500; market steady Native beef cattle, s7.50a11 .25; western steers ss.25@9. 40; stockers and feeders $5. 7S@s.75; cows and heifers. $s.75@9. 75 calves. sS. .50Ql11. .75.
 Sheep: Receipts, 16,ooo; market lower Wethers, $6.90G7.9 90; ewes. $4S@7 50 lambs S.25qs. 65; spring lambs, $7. 50@11
 Sugar Market
 New York, June 2S.-The local mark ct for raw sugar. was quiet, and in ab- sence of further sales, spot prices were nominally unchanged at 5 & c for Cubas, cort and freight, equal to e.40c for cen trifugal and 5.63c for molasses. The easier ruling of the futures market however, imparted slightly easier tone to the spot market and during the day holders were offering spot sugars at b-16c. cost and freight, but at the close these offerings were withdrawn and it was said that holders were look ing around for store room, rather than sell at lower levels, although it was still believed that some sugar could be had at the latter figure.
 In refined sugar there were moderate withdrawals on old contract, owing to the warmer weather but new business was light and prices remained un- changed at 7.65@7.75c for fine granu- lated.
 Futures suffered quite a severe set back under heavy liquidation in July, prompted by tenders of $500 tones. This naturally weakened other positions and closing prices were g to 12 points be- low last nights closing levels. July sold from 5.3S@5.30c closing at 5.31c; September, 6,53@5.44c, closing at 5.43c; December, 5.12 @ 5.0sc, closing at 5,o7c.
 
 An Augean Task
 From the Electric Railway Journal.
 An idea of the magnitude of the work involved in railway operation
 L.