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THE ATLANTA GEORGIAN AND NEWS. WEDNESDAY, MAY 1, 190T. ACM HIGHER Near Positions Monopolized the Dealings in Early Session. BULLS IN CONTROL All Markets Advanced, But New Orleans Showed Greatest Strength. New York. May I.—'The cotton market opened active, with a sharp advance, eape* daily in near positions, which monopolized the dealings. A good many overnight buy* tni orders were In evidence for both new and long account and covering of shorts. The first half of the session was decided Ij more active than recently, and the bulla were In complete control, so far as the summer months were concerned. In the New York market, first prices were unchanged to 6 points higher, the lowest figures of the morning session showing at the opening. The advance wna sharp from the opening up to the noon hour. May and July scoring a rise of 13 points, while the new crop mouths were forced 8011 points higher. and July S'? from opening figure* to 11.BO and 11.66, respectively. The new crop posi tions showed gains of 6010 points at 11 a. m. The Liverpool market cloned Arm at ad vances of 709% points for futures. Spots were in fair demand 12 points up at 6.B6d; sales 7,000 bales. In the afternoon, on realising sales, prices tagged sharply, the near mouth* closing 50 € points higher, while the late position* were 407 points lower. Semi-weekly Interior movement: NEWS AND GOSSIP of tlie Fleecy Staple. itoi. Receipt, 19.849 Shipments 28,807 1906. 1906. 15,000 33.100 23,126 55.313 70,616 336,286 Stocks 304,961 Comparative receipts at all V. 8. port*: Net receipts today 12,479 Same day last year 14.338 Decrease 1.85# Total receipts for four days 49,569 u,t 7 " r ' ___l reeel .ime time laet jear Increase 7,229,490 Estimated receipt! Thursday: 1907. 1900. New Orleans 1.800 to 2,500 8.477 Galveston 2.000 to 9,000 2.862 Houston 800 to 1,200 1,528 Movement at Atlanta: Receipt* today 40 Kaine day last year 245 Decrease 200 Shipments today Non* Same day list year 75 Decrease * Stock on hand today 7.741 Same day last yen* 5.433 Increase 2,808 8peclal to The Georgian. _ „ (From Hayward, \lck Ac Clark.) New York, May l.-J. 8. Bsche A Co.JtLiv* erpool was due 4 to 5% points higher; open- ea quiet at 4 polntk advance. At 12:15 p. m., steady, net 3.to 5 advance on near and 3 to 4 advance on distant. Spots In moderate de mand at 12 points higher; middling. 6M; sales 7,000, American 6,000; export, flw; Im ports, uone; tenders new docket, 1,000 hates; Port receipts estimated early at 10,000, against 18,139 last year. The feature of the Liverpool market this morning Is the remarkable advance In spots. Reportb from the belt Indicate colder weather conditions. We would not be at all surprised to see higher prices rule today. although prices have certainly discounted unfavorable weather conditions, but we be- * there will be farther covering. _ ’Mowing are 11 a. m. bids: May 10.2J, July 10.28, October 10.39, January lO.w. New Orleans, May 1.—The weather map shows generally heavy rains in the southern belt. Little precipitation in the northern belt and eastern states. Temperatures were not -as low as expected or predicted. Only light frosta shown at Abellne, Amarillo and Oklahoma. Indications potut to colder and probably light scattered showers In the eastern ana southeastern states; partly cloudy and warmer in western half of tho belt. Liverpool cables: "Think there will be a comer In Mny-June, natural rather than otherwise. Resides, there are signs of a combination to advance prices." Another says: "Combination exists to take delivery of May-June and July-August here. This will widen differences between old and new crops further. Hare favorable opinion of the market on account of this and unfavorablo weather." Price wires: "I expect an extreme ad vance In cotton shortly." COTTON YARN8 ACTIVE AT SLIGHT CONCE88ION8. The New York Commercial: The receut concessions granted by sellers of cottou yarns have resulted In creating an active W pm — —„-jr counts. have failed to show the weakness displayed In the lower counts and also in, knitting yarns. Orders have been placed by weavers for medium and low count varus ranglur *~ size from 75,000- to 150,000 pounds, amount of business put through during ■MMliaHilMgil, slee from 75,000 to 160,000 pounds. ' Mr. Lively’s twenty-firs Edited by Joseph B. Lively MARKETS years' experience of ed iting markets in Atlanta and the South has made him a recognized au thority In bis specialty. RANGE OF NEW YORK STOCKS AND COTTON MARKETS NAME OF STOCK. Atlantic Coast I American Sugar Bat. • Anaconda ....... American Locomotive* do. preferred Am. Smelting UeL • • do, preferred • • •• Atchison ..*••• do. preferred . • American Cotton OH. • Am. Car Foundry • • • Baltimore A Ohio • . • Brooklyn Rapid Tran.. • Canadian Pacific • • • Chicago and Nortbiril. Chesapeake A Ohio . • Colorado Fuel A Iron. . Central Leather . . . . . do, preferred .... ilcago ft Great W. Electric . .. Illinois Csntral .... Am. Ice Securities • . Louisville A Nashville. Texlcan Central . . . Issourl Pacific .... NAME OF STOCK. M. 1., Out. & W National Lead. . • • • • • Northern Pacific. • • • • • New York Central. , , , . Norfolk Sc Western Pennsylvania. ••••••# People's Gas. •••»••• Pressed Steel Car. • • • • do. preferred. «,•••. Pacific alall. ........ Beading; ......... Republic Steel. ...... Bock Island. __ do. preferred. •••••. United States Rubber* • • ■ _ do. preferred. • • • • • Southern Pacific. ...... Southern Hallway,...... _ do. preferred. •••••. 6!os«>Sheffleld . Tenn. Coal Sc Iron, . . • . . Texas A Pacific, ...... Union Pacific. United States Steel, . • • • , _ do. preferred Ta. -Ca r. Chemical. ...... do. preferred. Western Union. ...... , Wabash . . . . do. preferred. ...... Wisconsin Central. . . . . , do. preferred. << Total aalea 560.600 shares." NEW YORK. iiaat week fs anld to amount to nearly I j00 pound#. In ' ’’ * tk * knitting yarns. Knitters have been active buyers during the |»ost few days and orders have been booked for delivery up to I»eceml>er, 1907. In addition to this, contracts have also been placed for deliveries running us far ahead >11 April of next year. Price* still continue rather irregular (n some quarters and quotations are Hiild to differ anywhere from 740%<\ according to the seller. This Is resulting III a good deal of shopping around the market before orders ore placed and where the buyer secures un ununually low offer be Immediately uses It In the mar ket as an argument to force down prices lower basis. 8P0T COTTON MARKET. Uiocaiuii! iiiui, 1u1u.11.ni 11 Norfolk, firm; middling18e. Baltimore, nominal: middling ll%c. Boston, steady; middling 11.45c. Augusta, steady; middling 1174c. St. Louis, steady; middling 1114c. TODAY’S PORT RECEIPT8. The following table shows receipts at tba L rts today, compared with the same day it year: New Orleans. Galvaston. • • Mobile Savannah. • • Charleston. • . Wltmlugtou. ., Norfolk. . • . New York. . Boston. , . . 1 Pacific coast. , INTERIOR RECEIPT8. Tb* following UM. abow. receipts at tba Interior towna today, compared wltb tba ■am* day but year: Mempbla. , M. Unit*. . Cincinnati. HAYWARD, VICK & CLARK’S DAILY COTTON LETTER. , ywterday'a cloning Bgur... In tba brat bait boor. Thom anmm.r onttoiia ■■tSSSHMSSIM r*. in - -PtlOIIS depend altogether on the dictum of exl ■ bull combinations which could put them t«> an/ price. By 9:40 n. m. July had reached 11.70, when profit-taking overwhelmed bid ding and caused a set-back to 11:56 In the next five minutes. Cables from Liverpool to the effect that bull combination* existed there also to take advantage of the peculiar grade situation, and to squeese May-June than 5 points, but they are bound to ben• during the past twenty-four hour*, while unfavorable, were not as severe as nntlcl S ated. Temperatures rose In the northwest. .tpsrlllo shows 32, Oklahoma 86. Abilene 38. agulnst 22, 32 and 34 respectively yesterday, and the map shows very little ratnfnll In those portion* whleb had the cold weather. Heavy tslna. however, fell in the southern belt from San Antonio to Montgomery, Ala., which la unfavorable for the central states, at replanting will be further delayed. Pre cipitation was light in tha east and tern- K ratures normal. Official forecasts prom- • generally fair and warmer weather for the western half of the belt. Imllcatlons point to cooler weather and probably show- ers In the eastern states. The market quiet ed around 10 o’clock, but aa long a* these artificial conditions exist In the sututiifr positions and the ortgnal July long liitere*t» do not relinquish their bold on these op tions, outbreaks similar to those we have •een today can not occur again. Leader of this bull movement lu the old crops lu New York keeps the market flooded wltb predictions of further sensational advnmvs. This knowledge may be of value In judging future prospects, as no reasoning bolds good in such market*. Sputa are quiet, but mov ing with the price of July future*. Some demand, but little good cotton to trade on. Haw York. May L-J. S. Bache A Co.: Liv erpool formed a good basis for the opening In other quarters to an It representing. _ throughout the country are holding very firmly to tlielr price*, and where orders have been booked for future delivery pret tv nearly present levels huvo been main tallied. Print Cloth Price* Eaalor. Among tho large selling agents of print cloth yarn construction 1 cloths, It la nd ml tied that price* on good* to arrive arc somewhat easier. Narrow good* ate hold lug firmer than wide cloths for late fall deliver/. Regulars are sold ahead at 474c, 11 ml low count 27 and 25-lnch goods are also under heavy orders. The wide stand ard* for delivery during the summer months are offered by some brokers at He below tho general market quotations. ATLANTA MARKETS- FRUIT AND PRODUCE. EGOS—Active, 17c. LIVE POULTRY—liens, active, 35040c each; chickens, active, 25045«: ench; ducks, Pekin, 35c each; puddle 25030c each; geese, full feathered, 60c each; turkeys, act^ l2 $R^Si§ED POULTRY—Geese, undrawn, active, 10c pound; turkeys, undrawn, ac tive, 15016c pound; fries, active, 18020c pound: hens. 14c pound. PRODUCE—Larda, 10c pound? bams, ac* five, 15c pound: shoulders, active, 9c pound: sides, active, 10c pound; butter, active, lS 02274c pound; beeswax, active, 25c pound; honey, .bright, .active, $c pound; boner In 1-pound blocks, active, 12c pound; dried apples, 6c pound; white peas, active, 13.25 bushel: lady pens, 13.50; stock, $1.7502.15. FRUITS—Lemons, fancy Mcssena. $6,750 6.00. Rnnanas, per hunch, culls, active, 90C 0$1; straights, $1.6002. Pineapples, Flori da stock, per crate, $4.60. Oranges, Florida stock, owing to site end condition on ar rival, per box, $4.0004.50. Apples, choice Ben Davis, uone; fancy, $6.50; Now York state apples, fancy, $6.50. Grape fruit, Florida stock, owing to else and color, p box, $2.50$i3.60. Mine*, Florida stock, p hundred $1.25; Peanuts In suck, averaging one hundred por *" ' " per pound 6'i7f7l active; cabbage, atandard prates, ac- live, $2.75 crate; cabbage, barrels, 2%c lb,; g plant, slow, $2.50 crate; encumbers, 00 crate; tomatoes, fancy, active, $2,500 00; potatoes, new cron, $606 barrel; onions dry, active, $2.26 bushel; Irish potatoes, ac tive, No. 1 $1.1501.20 bushel: celery, fancy, $2.50 per crate; peppers, active, $2.00 crate; okra, six baskets, small, $3 crate; cauli flower, active, 607c pound; lettuce, beaded, active. $2 crate; sweet potatoes, white, ac tive, 60c bushel; kraut, half-barrel, $3.76; beans, $3.50 crate; English peas, $2 cratu; Egyptian onlou, 4%c punudi. FLOUR, GRAIN AND PROVISIONS. FLOUR—Highest patent $5.10; best patent « .7S; standard patent $1.85; half patent : spring wheat patent $3. CORN—No. 2 white 72c; choice white 75c; white feed, 66c; No. 3 yellow. 73c; mixed. 71c ^cracked corn, per bushel, 75c; l^ulla, "cHICnm FEED—Fifty-pound racks,**: say, h fca Hrar® OATH—No. 2 whito, 59c 1 No, 8 mixed, Me; Golden oat.. Me. MEAL—IMaln, |tar 95 pound sacks. w*.-: plain, 48-pound aarka. 70c; plain, 20-poiup! aarka. Tlr: germ. 11.25. HaV—Timothy. choir, tar*, bales, SI.IQ. do, rhnln\ small liatra. II m: do No. 1 third bale*. II 30: tlo No. 2 tbtril balm 81.20; No. I clover, mixed, 11.20; chulrc prairie SI; ber- "■HORTS-Chiilo# white SI 45; T.aaa whit. It.SS; fanry to-puuud 11.30; browu 8O0WO- pound ii.j£ w PROVISITNS. rnOVIRIONH bupreme ham., I5%c; bel- lira, 2«n:Spound arrragr, in.-; fat hex 8.22%: pTatr.. 8.15; Supreme lard, 974; I'urlty compound 4Hr; Callfurnla hauta, 10.50; dry aalt ntra rib,. 9df.r, GROCERIES. RICE—Jap 5p5Lc; head S5i7r; fancy hMd fSfi dairy, lS«4c; twins 16c. SUGAK-Staodan! granulated $5 »0; New York refined 4%c; plantation 4He.. COFFEE—Roasted Arbnckles $16; ^>ulk In bags sad barrels, 12c; green 11012c. Shredded biscuit. 6 cats: No. 3 rolled neglecte«l for quite some time, are In much better demand. The weather map showed nly « slight betterment, and repinntlng ud scarcity of sc»m! Is repi»rt»*4l from all rer the belt. Right after the stnrt the market tix’k a siublen spurt, following an advance In New Orieaus caused'by n atsm- »f the shorts ami g<H*«l I.lver|>oot buy- There was very lb tie cottou for sale, mid under active buying the July uplioti roee t«» 10.34, the highest price reached lu mouths. At this price traders who have been buying for several days on the bad weather news and small receipts begnn to renllx*.* and gather In some of their profits. vii nr --- •■The market eased «*ff a few points, but re- of toasy a market. The unfavorable reports | tunltiol strong on the decline with a very growing crop censes a good good undertone. The bull party seems to °\J£r vona, !* ## *»<»ng European *pin have the situation of the near month* well With good grades as bard to secure Jin hand, uud will no doubt advance price* *wer grades, which have been • to higher level*. $1.«. Ovsten, _ weight, $1.10 cose. _ pound. Fepper, 18c. „ Jhtkl Evaporated apples, 7%r Baking powders, $5 May.. June. , July.. Aug. . Sept: . Oct. . Nov, . Dec. . 3l c sa. 10.14jlO.151T 10.16 10.16-17 10.21 10.21-22 10.12 10.11-12 10.17 10.03-07 10.27 10.27 10.41 j 10.28 3'* 10,32 10.32-33 ■■ 10.49 10.48-49ll0.52 66 mm 10.16-17 10.11- 13 10.11- 12 10.32-33 10.36 10.39-40 LIVERPOOL. The following table gives the opening range and close, compared wltb yesterday: Futures opened firm. Opening Previous Range. 2 p.m. Close. Close. May 6.07H-6.08 May-June ....6.07 -6.06 June-July ....6.00H July-August .5.97 -5.98 Aug.-Kept. ..5.8774-5.88 Sept.Oct. ...5.8174-5.8074 Oct.-Nov. ...5.7474-5.74 Nov.-Dec. ...5.73 -5.72H Dec.-Jan 6.71 >5.7174 Jan.-Feb. ...5.71 -5.70 Feb.-Mar. ...6.71 Closed firm. 5.72 6.75 5.70 5.74 6 ;*“ I fti m 6.67 NEW! ORLEANS. The following li the rang. In cotton to- turea In New Orleaoa today; TIPS FLASHED From Wall Street .10.69 10.76 10.57 >bc 10.65 1 nn 110.70 1 L’ioaed ateady. 10-12 11.14-16 , 11.51-52 11.25-26 11.20 11.22 11.21-22 11.04-06 ....10.71 10.78-80 .0.60 10.69-60 10.67-68 .... 10.59-61 10.66 . .0.60 10.69-60 10.66-67 I 10.61 10.62-64 10.71-72 NOTES ON GRAIN. Pointers on Provisions. From The Chicago Record-Herald. In the newer or hard winter states the prospects continue alarming. Pre cipitation In the shape of either rain or enow seems to persistently dodge the big wheat producing aectlon of Kansan, although there la more or leBs moisture occasionally all ‘ around It. High winds and unseasonably low tem peratures have Increased the vlclstil- tudea of tho dry section. Tho "green bug” or grain aphis peat appears to be steadily working Its way northward. Much wider areas and a much more thorough Infection are now seen In Kansas than was apparent three weeks before the destruction of tho leading Oklahoma, arena. In fact, Nebraska Is nearly as badly Infected as was Okla homa at that time. Nevertheless, It Is by no means a foregone conclusion that the bugs will make as clean a sweep In the northern latitudes as In the southern, although there Is no known reason why they should not. except for possible rapid breeding ot their para sites. There Is scarcely any prospect of corn deliveries on, May contracts Wed nesday. There Is less than 500,000 bush els of No. 2 grade here, while No. 3 sorts aro too much In demand for shipment to bo sent out under the 6c bushel penalty clause. The corn situ ation has been steadily working strong er for some time. During the last six weeks there has been a shrinkage of about 2,000,000 bushels In the weekly arrivals at primary markets. This makes the current movement very nearly as light as that of iryear ago. Cold weather Is setting back seeding time to some extent and thus postpon ing the tlmo when the movement from the farms will begin to run heavy again. Argentine trade sources that In the past have been found more accurate than the Argentine government have made recent estimates ot the available export surplus that Indicate a possible export average of fully LOOO.OOO bush els weekly for the year Instead of the recent government estimates of 400,000 bushels weekly. Oats values again scored new high levels for the crop year to date. Re seeding operations in the big nearby producing states promise now to be less extensive than was thought a week since, although much severe weather has been seen. The green bug ravages southwest, however, continue to Increase In Importance, the pest be ing still unchecked by Its parasites and huvlng comparatively favorable weath er In which to work. Kxport possibili ties In oats are too remote to promise anything beyond a little to the Western Hemisphere. There will be fntr de liveries on May contracts, but the prop, erty will be taken for merchandising, and Is not likely to have much adverse effect on market values. CABLES WERE FIRM; WEATHER_FREAKISH Caused Upturn in Wheat, and Corn and Oats Followed. COTTON SEED OIL. cottou seed nil market: May July S,'|,temlM'l'. . . . October. . . . , . November. . . . December. . . . Cmd .traily. Chicago, May I.—There was a wild rush of wheat shorts for cover (today, anti gains of 1 5-802 l-4c were made, Besides the fact that the 6,000,000 bushels of wheat delivered on May con tracts went Into the hands of some of the strongest houses In the trade. W. Snow-, crop expert and statistician In a special report, estimates the win ter wheat crop at only 390,000.000 bush els, compared with 492.000,000 bushels a year ago. The report Indicates an average yield of nbout thirteen bushels to the acre and the government report In December estimates an area of Sl,- 000,000 acres. From' this must be de ducted a large area winter killed In the Ohio valley, Missouri and the South west. No one knows yet how much this Is. Corn was up 5-801c and oats gained 1 3-801 l-2e. Deliveries of com on May contract amounted to only 10,000 bushels, while a million bushels of oats were sent out and were stopped and paid for by James A. Patten. These oats will be shipped, which will leave tho shorts high and dry and at the mercy of the longs. Tho farmers will benefit by tho bull movement In oats, as they will ship In all available supplies. , Provisions closed 2 1-2012 l-2c high er. Cash sales of grain at the set- board Included 26 loads ot wheat, 10 loads corn and <5,000 bushels oats. Local sales were 25,000 bushels of wheat, 190,000 bushels corn and 100,000 bushels oats. CHICAGO GRAIN MARKET. *9 11 f. 4 Sg 83H 8674 85* CORN— May 49?4 60H 48% 5074 July 494j 50H 49% 5074 «fl*l 4974 5074 49H 6074 Oa JAT8- May.... 45H * \v 421* ►t 3674 ORK- May.. 15.45 July.*, 15.75 * »t.. 15.97% .ARD- { May... 8.5274 July... 8.7274 S«*pt... 8.80 SIDES— May... 8.50 July... 8.72% Sept... 8.75 47 45% 46% 457 3.8 5$ & 15.6274 15.4274 15.62% 15.50 15.92% 16.72% 15.99 15.80 16.00 15.87% 16.00 15.92V 8.62% 8.75 8.87% m 8.85 8.50 ffl CLEARANCES. com •at* l»» lm*liel*. Wheat 100,000 bUHhel*; flour 22,000 barrel*. PRIMARY MOVEMENT. Wheat -Receipt* tmlnv 402,000 bushels: last rear 246.000 bushels: shipment* today 736,- 000 bushel*; Ia»t year 194,000 bushel*. Corn-Receipt* today 390,000 bushel*: last rear 554.000 bushels: shipments t**lay 374.- d00 bushels; Inst year 375.000 bushel*. LIVERPOOL GRAIN. n. in. unchanged to higher. Corn opened steady to % lower, and nt 1:30 p. in. % lower. Closed unchanged to % lower. CHICAGO CAR LOT8. The receipts of grain In car lota todaj sod estimated receipts for tomorrow ar* as Today. Toomr Wheat 29 26 Com 104 119 Oats 126 174 I logs, head 26000 WEATHER REPORT. WEATHER CONDITIONS. Cloudy weather continues nt most station* east of the Mississippi and In the southwest with rain falling at Corpus Chrlatl, Vicks burg, Montgomery, Knoxville and Cincin nati. In the lnat 24 hours rain has fallen over a atrip of country extending from Texas northeast into New England. The area of high pressure la uow centered over Iown and northern Illinois, while t**"— are several small arena of relatively pressure scattered over the country. The temperature has fallen lu the Ohio valley, the eastern lake region, Tennessee and Mississippi. In the middle northwest warmer weather Is the rule. The Indications now point to partly cloudy weather In this sectlou tonight and Thurs day, cooler tonight. COTTON REGION BULLETIN. For the 24 hours ending at 8 a. m., 75th merldlau time, May 1, 1957. tri"tu 11.it V. Ill <1, IIC4 QC \.iur*.l New York, May L—J. S. Bache & Co.: No London market today—“May day." - The Steel statement was a very favorable one. Conservatism prevailed In dividend policy, .while the earnings Justified u larger return to shareholders. The money waa put Into the Gary plant, and this should be re garded as nllwfse. There will be very little recession In business. If we are to Jr J "“ by tha enormous unfilled orders ou t books. They are a million tons over the same quarter last year. There Is no cause for worry In respect to Bteel Corporation. The last-year Erie earnings show up well this morning, and no doubt Reading will follow suit. Pennsylvania, for tha eastern division, shows some falling off, but the western di vision Increases. Market Inclined to broaden, and more fa vorable weather in wheat sections. Spot copper in London advanced over £3; market exdtml. The New York Commercial: Traders who are Interested In Erie say they feel assured that If the Morgan Interests felt like It they could put the stock up by exerting - very little pressure. Specialists assert xt there Is a surprisingly large f account on the common, and when the price of the Issue Is taken Into considera tion they do not see how the bears can hope to depress It much further. Conse quently they thing It nn easy matter to make the snorts run to cover. It Is thought that the floating supply of Union Pacific In the market lias been pretty well absorbed by this time. Wheth er much higher prices now are necessary to shake oat any more stock Is problematical. The professional element still regards this as the key to the situation in the market, and look upon It as the best stock to uso In bringing about rallies. The railroads continue to show Increase In gross earnings, return* from thlrty-two corporations Indicating an average Increase of 14.43 per cent for the third week In April. It \yould cheer the hearts of the management of these companies if the vnnees above 148, and those who liought from 140 up on these advices should not neglect to take profits on a. major portion scalp around 97. Reading Is on against the shorl turns nbout buying on demonstrations of strength. The information on St. Paul continues to he bullish, nud we think It may be bought for turns on the recessions like those of yesterday from top prices. North ern Pacific and Great Northern preferred are being favorably regarded In high grade Investment house*, and purchases are rec ommended for Investment and speculation on recession*, dally operators being told to take profits of a moderate nature dn bulging. Smelting held between 135 to 136, hut should be bought on recessions for turns. Philadelphia Is bullish on Pennsylvania. Steel earning* may cause some buying, but professionals will sell on bulges. London, holiday. . Town Topics: We expect the profit-tak ing movement that was In evidence yester day to run n little further, but In the event of a decline of a couple of points or so good stocks like Union, Southern Pa cific. St. Paul Baltimore and Ohio, Norfolk, Rending. Louisville and Nashville,. Atlantic Const Line and Atchison should be bought. to sho 1 OfflllllCS SKILL . IT TK one Sagging Tendency Shown as a Result of Early Dullness. LONDON WAS CLOSED Holiday in That Center Con tributed to the Dullness in American Markets. New York, May J.—The .lock market opened Irregular. AnneonUa and Petanart' vaiiln atnrted lu H higher. Steel preterr'ed opened K higher and gnlned In all %. Omit Northern preferred opened H lower and lo,t In nil %. Northern 1’nelfle and Amain- mated lnat aa much, hut the latter rallUl Smelting, Erie and Steel common de. cllned K. MINING STOCKsT wton. May 1.—Opening atocks; Quine. Callfornla-Arlaonn 17%: Greene 16V Old Dominion 66%; Trinity 22; Copper Baimo 82; Tamarack 11; fehannon 17%. * STATISTICAL POSITION OF COTTON VERY STRONG. New York, May 1.—Theo. Price, In a clr. cular today, says: “Apparently, the trade does uot realize the tremendous statistical strength of the sltuatlou, so far as Amer icans are concerned. We are exporting each week from 100 to 200 per ceut of the amount coming into sight,, which is to the extent of fully 75 per cent composed of Southern and Northern mills takings. The stock of cotton at the United States ports Inst night was 672.000. Of this, 150,000 hales to sell at present. _ sand of the stuff ut the Southern ports Is either under contract to mills, or consists of llnters, sample cotton, re-pseked, etc., practically unavailable for general market purposes. The net merchantable atock lo the United States Is, therefore, not mors than 72.000 bnles. If as much (at the porta). At the interior towns, there Is a stock of 390,000 hales, of Tvhlch 140,000 bales Is nt Memphis. Much of this cotton. If not nearly all of It, may be practically dis missed ns available for the use of spinners. Of the remaining Interior atocks, the bulk Is held for account of Southern mills. The n exhaustion Is .about as complete as It ild possibly be. It Is apparent thnt any prospect of a bumper crop next year must be finally abandoned. I should like sq expression of the trade's opinion as to what would happen If next year’s crop waa not over 11,500,000." ./ally are attracting attention, showing as they do the fallacy of those who argue rijlLS CONTROL COURSF early reduction In dividend rates. BULLS LUNTKUL LUUHbE the winter wheat out STATIONS ATLANTA DISTRICT. * Atlanta, cloudy. . . , •Chattanooga, cloudy Columbus, cloudy. . , Galnearllle. cloudy. . Greenville, cloudy. . , Griffin, cloudy. . . . •Macon, cloudy. . . . Mont (cello, cloudy. .. Newnnn. cloudy. . . . Rome, cloudy. .... Spartanburg, cloudy. . Tallapoosa, cloudy. .. Toccoa. clear. . . . West Point, cloudy. •Minimum temperature for af de? SIt Sol 7r7 THE COFFEE MARKET. Heavy Rainfalls. Alexandria, La., 1.64: Monroe, La., 2.01 Rohellne, La., 2.50; Columbus. Ml**., 1.62; Meridian, Miss.. 1.88: Jackson, Miss., 1.90; Lake. Mias., 1.98; Vicksburg, Miss., 2.50; Montrose. Ark., 1.90. Light frost occurred nt Weatherford, Still water, Chandler, Oklo., and Oklahoma, Okln. Heavy frost nt Sbawuee, Okla. Kill ing frost at Holdenville, Okln. Atlanta. . . . Augusta. . . . Charleston. . . Galveston. . . Little Rock. .. Memphis. . . . Montgomery. . New Orleans.! Oklahoma. . . Savaiinnh. . . Vicksburg. . . Wilmington. . TnmgCTTvuCTijg HIT" li Xao New York, May 1.—Following are coffee cables: Havre—Market steady; 12 noon, months advanced % franc, far months un changed; sales. 11.000; arrivals all kinds during April 148.000, of which 103.000 are Brasilian: deliveries, 200,000; stock, 2.649.000, of which 2.145.000 are Brazilian. Total quan tities discharging 24,000, of which 1,000 Brazilian. Hamburg. 10 a. m.—Market unchanged; sales, 48,0<X). Rio receipts, 17,000; shipments to United States. l.Ow; Europe, 3,w0; stock, 764,000; ^market weak. Snntoa receipts, 86,000; stocks, 672,000; market weak. Sno Paulo receipts, 41,700; Jundlahy re- elm*. 29.000. The following figures give the opening .ange and close of tho New York coffeo market for today: Opening Range. Close. .5.25-5.35 5.25-5.30 ' “ 6.25-5.30 5.30- 5.35 5.45-6.50 5.40-5.45 5.30- 5.36 6.20- 5.25 5.20- 6.2S 5.20- 6.26 6.20- 5.25 5.20- 5.25 5.20-5.25 March April May June .. ... .. .. July ., August September .. .. October November ., .. , December Closed steady. 5.25-6.35 5.30-5.35 5.25-5.30 5.45-5.60 5.35-5.45 5.35-5.40 6.30-5.40 6.25-5.30 5.25-6.30 6.25-6.35 6.25-6.30 Sales 84,500 bags. cloudiness and warmer. T. Indicates Inappreciable rainfall. *For yesterday ••For 24 hours ending 8 a. m., 75th meridian time. Remarks. Lower temperatures are reported from nil districts except in Georgia and tho Unroll- lias. Except lu Oklahoma, rain Is general throughout the western districts; higher temperature* sud fair weather continue to prevail In the Atlantic coast district*. J. B. MAKBURY. Section Director. WEATHER IN COTTON BELT. Texas—Ilrenham cloudy and cold; rained most of night. Waco cloudy and cold. Houstou cloudy and cool; hard rain Inst night. Temple cloudy nnd cool; rained late yesterday. Taylor• cloudy and cool; hard rain yesterday. Sou Antonio cloudy and cool. Ijoke Charles cloudy: rained Inst night. Austin cloudy and cool. Mississippi—Meridian cloudy nnd threat ening; rained yesterday and last ulgbt. Lexington and Tupelo cloudy and misty; rained all day yesterduy. Jackson ralnlug; rained bard late last night and some yes terday. Hasleburst raining hard; rained last night. Alabama—Florence cloudy and pleasant. Selma cloudy aud warm: hard rain last hf. Tennessee — Memphis cloudy and cool; | mined Inst night. OF SUMMER POSITIONS. New Orleans, May 1.—Yesterday’s cotton market demonstrated the ability of longs to do pretty much as they pleased with tho summer positions. Unfavorable forecast aud continued rains over the belt at a time when Ideal climatic conditions are essential are aiding the tendency, but the new crop options probably have not as yet felt the full force of the advene Influence* now at work. Meanwhile American spot markets generally are holding firm at higher prices, and more than ono trader Is speculating on the long side of the actual cotton as well *g on the future. Memphis has increased the discount on low middling to 2c under mid dling, whereas the discount at New Or- they can not sell low middling at 10%e, which Is also the officially quoted valuation. Yesterday’s market was broadened by the Injection of outside buying.—Hayward^ Vick & Clark. THE LIVE STOCK MARKET Chicago, Ma; Market 06.62% tgo, May 1.—Ilogs—Receipts 27,000. t slow at yesterday’s close; light $6.40 tfo.o«7s; mixed $6.3506.60; heavy $6.2006,55; rough i6.20«6.45; pigs - ^ '* 8.50; yorker* $6!5i Cattle—Receipts 11,000. Market a shade jfghcr;J)eerea $4.2506.50; cows $1.8004.80: heifers $2.6005.30: calves $3.6005.75; good prime steers $6.8506.50; poor to medium i4.2505.3O* u stockers and feeders $2.9005.15. Sheep—Receipts 18,000. Market weak and - shaue lower; native ‘ $1.4006.80: yei 8.65; western aerer; native $4.4006.85; western yeurllngs^jfl.8007.65; lambs $6,500 THE METAL MARKET. New York, May 1.—All grades of copper advanced 74c In the bid. Tin advanced %c for spot and near-by de liveries. Lead and spelter were unchanged. NAVAL STORE8. Special to The Georgian. Savannah. May 1.—Turpentine firm at 63c:. sales 587; receipts 231. llosln firm; sales 969; receipts 412; win dow gins* $5.4506.60; water white $6.35; M 95.W; N 95.20; K 13.15; I 95; II *4.80: O «.7«; F 94.65; E 14.5004.55; D *4.50; C 94.40. lanta 4401 if you have a Want Ad for the afternoon paper. Telephone by 12 o’clock and it will appear the same afternoon. STATE FORECASTS. Georgia—Fair In west, showers In east portion thts afternoon or tonight; cooler; Tharsdny fair and cooler In scuthvast por tion. South Carolina—Showers and cooler this afternoon or tonight; Thursday fair aud cooler Itt east portion. Alabama—Partly cloudy and cooler night; Thursday fair uud wanner lu uoitb- west portion. I^iulsinna nnd Arkansas—Partly cloudy THE AMERICAN AUDIT COMPANY Home Office, 100 Broadway, New York City. F. W. LAFRENTZ, 0. P. A., President. C. E. Manwsring, Vico President, Theo. Cocheu, Jr., C. P. A., See. and Treat. BRANCHES \viirm,‘r; Thunder pertly cloudy end warmer. East Texas (north and south)—Generally ATLANTA—Fourth Nat’l Bank Bid*. CHICAGO—Marquette Building. PHILADELr.TIA—Bellevue-Stratford. SAN FT.ANCISCO—Belden Building. HAYWARD, VICK & CLARK, i ever, tho I 1* Ha ftlrefiUtf. L. H. FAIRCHILD & COMPANY. «. J. Whit* NEW ORLEANS. „ _ Members: gsgg&sys.Bsr” isaas-aws®. . “”ir»sa. coTTSw.SaiVi;’ - '-' _ 'o NEW YORK nnJ CHICAGO. Order, aolletied fe» I lure atu.eer. on above Zxcbange* u. C. COTHTIAK, 4.so rase, vwon, iw; cuw umip, «c: mus, •poun) Jars. 48c. Roast beef, $160 case Corue*! beef, $2.60 case. Catsup. fi.M case. Strap. New Orleans. 35c gallon; corn. 30c u'allou; Cuba. 35c gallon; Georgia cane. 36c Sale. 100-pom.d, 60c. Axle grease, $L7&. 8oda crackers, 6%«* pound; lemon 7%c; orator 7c. Barrel randy, |**r iwund 674c: mixed, per i»ounn, 6%c. Tomatoes, 2-pound $1.90 cast; I-pound, $2.23. Navy beana. $2; Lima bean*. 6c. Best matches, per gross, $!.«. Much- sesa 77V l!»l>*. 4-ply cotton, ISc. boa|;. 11.590 ^ —■ ri9H. Bream. 7c pound: snapper. 13c pound; trout. pound: blue fish. 7c pound; pom- patio, 26c pound: mackerel. *«Hc pound: mixed fish. 5c pound: fresh water trout, tc ... . ..... *-* ■ buck 15c; COTTON. STOCK8, BONDS. COFFEE, GRAIN AND PROVISIONS. Carondelet and Gravl.r Sta, New Orleane. MEMBERS: I New Orleans Future Brokers’ Asseelstlea. I New Orleans snd CMrsgo Boards ot Trade, NEW YORK—^Waldorf-Astoria. " BOSTON—Exchange Building. WASHINGTON—Colorado Building. NEW ORLEANS—Hennen Building. BALTIMORE—Fidelity Building. LONDON, ENOLAND—4 King Street, Cheapslde. ., AT-ANTA BRANCH 1016*18 Fourth National Bank Building. ' C. B. BIDWELL, Resident Manager. Telephone, Main 872. Cable Address, Amdlt, N. Y. New Orisons Cotton Exebsnge. Nsw York Cotton Exrbsnga. Usl.cston Cotton Eiehsnse. Uoustoa Cotton Excbsng*. I Associate Vlemh New Tork and Chicago Correspondents. J. «. BACHE A CO., AND BARTLETT, FRAZIER & CARRINGTON. PRIVATE WIRES TO ALL POINTS. ALONZO RICHARDSON & CO. PUBLIC ACCOUNTANTS AND AUDITORS Empire Building. ATLANTA. Beil Phone, Main 813. GEORGIA. FllAXK HAWKINS, President. "■ 1 THOMAS C. ERWIN. Csshler. U. W. BYERS, Assistant Cashier. Third National Bank Capital .... $200,000.00 Surplus and Profits $400,000.00 DR. A. W. CALHOUN. MILTON DARGA.V, JOHN W. GRANT, II. Y. M’COBD, FRANK HAWKINS, II. M. ATKINSON. JOSEPH A. M*c6rD, J. If. NUNNALLY. J. CARROLL PAYNE, E. II. ROSSER. DAVID WOODWARD.