Newspaper Page Text
i
10
COTTON WAS WEAK
IN
—
—
TTTE ATLANTA GEORGIAN AND NEWS.
1HIKSPAT, MAT
Slump at Close in Liverpool
and Better Weather
Factors.
NEWS AND GOSSIP
of tbo Fleecy Staple.
NEW YORK STEADY
During Early Session Held
Well Above the Pre
vious Close.
New York. Mar 2.—The rotton market
opened strong and active on bulll*h cable*,
heavy coimuiMlon lionise buying ami
Inc of near month* by room snorts.
FI rat
prices were 6 to 13 point* higher, but at 10:30
a. m. the market had quieted down some-
wbat aud wa# off 3 polnta from the top
price*.
At the cloae Now York waa barely steady
In tone with the near uiontha net 9 to 12
polnta higher, while new crop ahowed galna
of from 5 to 7 polnta.
Comparative receipt* at all U. 8. porta:
Net receipt* today. Mny 2 8.214
8ame day Inst year 14.628
Decrease 6.284
Total receipt* for four day* 57.803
Same day* last ycnr 68,977
Deere****, 11,174
Total receipt* since September 1....9,385,035
8ame time last year 7.161,829
Increase 2,223.206
Estimated receipts Friday:
1997.
New Orleans 1,100 to 1.600
Galveston 4.000 to 6.000
Houston 1,700 to 1,900
Movement at Atlanta:
Receipts today
Same day last year ..
Decrease
Shipments today
Same day last year *
Decrease
Stork on hand today
Same day last year, corrected
,1906
2.511
4.100
3.267
8POT -COTTON MARKET.
Liverpool, steady; middling uplands 6.59d.
Atlanta, steady; middling 114e-
New York, Rtesdy; middling 11.65c.
New Orleans, *teady; middling 114
Savannah, steady; middling 114c.
Wilmington, steady; middling 11c.
Boston, steady; middling 11.5.V.
Augusta, steady; middling 1174c.
St. Louts, steady; middling 114c.
TODAY’S PORT RECEIPT8.
The following table shows receipts at ths
C >rts today, compared with the same day
st year:
New Orleans. . .
Galveston. . . . ,
Mobile
Savannah
Charleston. . . .
Wilmington. . . .
Norfolk
New York. . . . ,
Boston
Philadelphia. . . ,
Pacific roast. . . ,
INTERIOR RECEIPT8.
The following table shows receipts st ths
Interior towns today, compared with ths
asms day last year:
■ | . lek & Clark.)
New York. May I—J. H. Bar be .V. Co.:
Liverpool was due 34 lower on near and
5ty06 lower ou distant. Opened 3 lower on
near and 34 lower on distant. At 12:16
p. m., quiet, net 3044 lower on old nnd
344/4 lower on new crop months. Moderate
demand for spots at 3 points advance; mid
dling 6.tod; sales 8,000; American 6.200; ex
port 600.
Port receipts todoy estimated early at
8,000. against 14,000 last year.
Liverpool cornea higher on the new crops
this morning. The real underlying reasons
for the advnnee Is the strength of the cot
ton good* market abroad aud poor weather
conditions. Hull cliques have no doubt the
near month situation well In hand. We be
lieve the.market a buy on all declines.
Hubbard s good buyer of July.
KchIU bucking the market, offering 2,000
October at 16.34c.
Buying very good this morning. Mar
ket seems to be full of buying orders.
Following are the 11 a. in. bids: May
19.19c; July 10.27c; October 10.31c; January
10.51c.
Smaller traders figured thqt should the
weather Indications for over the week-end
prove favorable, the market‘would hare to
take a lot of cotton on Friday aud Satur
day, nnd there was n tendency to anticipate
the usual week-end realising, which mny 1
discount the event, particularly should the
week-cud figures prove us bullish ss those
of last week.
A former planter on cotton floor says
"The only seed uow left to nlnnt Is poor,
aud with s great possibility of this seed not
coming up, stand will be very defective.
This seems to be general all over the
Houtb. While In some former years the
outlook was very bad; tuere was plenty of
“ J ‘intlng seed, whereas nt present
very little good seed to l»e had for
lore or money. This Is a very serious mat
ter for the South."
Exporters are believed to be short of July,
both here nnd In New Orleans, and while
this Interest Is supposed to be hedged In
Liverpool part of the reeent demand Is
credited to this account.
New Orleans, May 2.—liny ward, Vick A
Clark: Weather conditions during the past
twenty-four hours were more favorable.
Wanner In the west belt. Precipitation iu
the Interior was generally acattered and
light. Home heavy rains on the coast—Gal
veston, New Orleans and Mobile. Indica
tion* are for partly cloudy weather, slowly
rising temperatures In cast half of belt,
some cooler in northwestern states and ter
rltorles.
Big operators selling underhand here, and
the same news we have from Liverpool.
Western belt partly cloudy; showers all
over Texas.
The Tlmes-Democrat: "Yesterday's cot
ton market boiled over nnd simmered down
a bit. Logically, tbe weather map and Liv
erpool attitude should have tempered the lo
cal tendency, lint tbe strength of July long
position and the fright of tile entrapped
short quickly kindled a pretty hot fire.
That tne midsummer month* ]* cornered
has been known for several days, and the
student of speculation Inis hourly expect
ed something to happen. The situation. In-
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-five
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.
Amalgamated Copper -
Atlantic Coast Line .
America o Sugar lief. . .
Anaconda .......
American Locomotive.
do, preferred . • .. .
Am. Smelting lief. • . .
do, preferred . • ..
Baltimore & Ohio ....
Brooklyn Rapid Tran.. •
Canadian Pacific ....
Chicago and Northw’o. .
Chesapeake A Ohio . . .
Colorado Fuel A Iron. .
Central Leather
do, preferred
ilcago A Great W. . , .
jlcago, M.. A 8L P.. .
'elawore A Hudson. . ,
(•tiller's Securities. • .
Erl*
do, preferred
General Electric . . . .
Illinois Central . • • . , ,
Am. Ice Securities . . • ,
Louisville A Nashville. , .
Mexican Central
Missouri Pacific
NAME OF STOCK.
N. Y.. Out. * W.
National Lead
Northern Pacific.
New York Central. ......
Norfolk A Western.
Pennsylvania. . , .
People's Gas.
Pressed Steel Car.
_ do. preferred. .......
Pacific Mall.
Beading.
Republic Steel. ........
Bock Island.
do. preferred
United States
_ do. preferred. .......
Southern Pacific.
Southern Railway. .......
.. do. preferred. .......
Flosj-Sheffield. .....»•.
Tenn. Coal A Iron
Tex** A Pacific,
Union Pacific.
United States Steel.......
- P"*«n-ed
Ya.-Car.Chem leak
_ jlo. preferred
WAtern Union. . .......
"abash. . .... H .... .
do. preferred. .
145%
101%
:.7’
1014
m
NEW YORK.
that the Houthern market bus advanced
way beyond the season's parity with New
York, and to within less than 50 point* o'
Liverpool. The fact that the July short li
being squeezed In New* Orleans Is a matter
separate and distinct from conditions lo
cal to New York and Liverpool, but the re
lationship of the three markets Is too def
inite and enduring to be wholly Ignored,
even under existing circumstance*. Yester
day at raddle selling here lifted the Ibl off
the thing. Otherwise the advance would
most probably have been gretter than It
was. Pessimistic crop report# continue com
ing In and In some *ectlnns the difficulty
experienced In securing good seed fc
more favorable crop outlook, but it can not
bring additional tenderable cotton to the
aid of the cornered ahort.
HAYWARD. VICK & CLARK’S
DAILY COTTON LETTER
New Orleans, May 2.—The market In tbe
morning behaved pretty much as yesterday.
There was a sharp advance In July around
the opening, followed by a decline on profit-
taking by long*. Liverpool cablet to the
same effect that leading longs are realising.
New* crops are steady, and were pretty well
supported on an official forecast for the
western half of the belt of unsettled weatli
•r, showers aud colder tomorrow. Wcatb
er conditions daring th* past tweuty-four
— !*ton. New Oricaua and Mobile.
The official forecast for the eastern half of
the belt Is favorable. Fair aud warmer
weather Is promised generally. The Into-
sight for the week prints to about 102.0HO,
against 120,449 last year and 162,677 In 19nu.
An Indifferent visible supply statement Is
expected. Spots are quiet and steady; uo
new features. About 1,000 May notices were
circulating for quit* * while, showing that
M*y longs have largely transferrin! Into
July. They wer* flu* 11/ taken up at au
attractive discount under July. Futures
rulad very quiet after the flrat hour, trad
ing principally in uew crops.
New York, May 2.—J. 8. Bache A Co.:
Liverpool cabtee were higher on the new
crop mouthe, and the New York market
opened at advance of from 6019 point*.
Trading wa* not *o active aa yesterday, and
there wna a more nervous undertone to the
dealings. Reaction on profit-taking fol
lowed later, but the new crop mouths held
firm with small recession. Prospect* of f*-,
vurable weather hud aome Influence later
In the morning, and declines were brought
about. The advance In prices has been
more or less sharp, aud we are Inclined
to believe shorts have been covered freely,
•o that the market Is tn a critical technical
condition and susceptible to pressure either
wny. Hhmild the weather conditions Im
prove, declines would 1h» quickly brought
about. However, we bellevn there would In*
enough buying on the decline to keep prices
steady.
NOTHING DOING FOR EXPORT;
PRICES OUT OF REACH.
The New York <'ommerclal: There ap
pears to be no doubt In the minds of expert
cotton 'goods brokers, and seller* for ex
port account, thnt the high price* now
being demanded f«r cotton goods have ef-
factually put a stop to export business for
the time being. Practically nothing in
the way of new husliiets can l*e reported
this week In the export division of the cot
ton good# market and In other quarters
bualnes* Is reported ns flat and absolutely
Stagnant.
\ery few Inquiries have come forward
from Red Reg ports, while nothing new
has been done for Routh American »<•
count or for tbe West Indies. Heller* here
state that the good* already purchased mid
■hipped abroad to Ronth America and other
points atilt remain* In those markets un
1-ntll .,_l. ... I.I.. -
on American shirtings will still further re
strict export demand. It Is stated, and u»
tbe btursre have sufficient goods on hand
but that further development will be nwnlt-
ed In the hopes of a drop In price.
China advices received this week are re
ported to be even more discouraging ns thev
state thot nothing In the way of new busi
ness can lie expected for China account
within the fiext five to six months. Private
advices received state that American goods
not moving Iu the Chinn nisrket aud
tiseles* to look for new bualnes* from
lilnii within five months, and that even
should the demand show signs of reviving
within thnt period the orders coining for
ward will only be for small amounts. '
The domestic consumption of cotton goods
_ »<•* steadily on nod this Is entirely respon
sible for the present strength of the mar
ket ninl the recent advances named. Had
It not been for tho heavy demand for do
mestic consumption there Is no doubt flint
with a falling off In the exports for the
nst nine months, ending March 31. of 292.-
- • 1 ••• igg,.
the
—st nine months, ending aiarcii or .v.'.
■.466 vards representing n value of 916,189.
204 a* com pared with the exports for th<
corresponding nine months In tho prev 1 —■*
year, prices would have undoubtedly tn
a bad slump and the market would t«
!h» practically demoralised.
revlonn
taken
Hlay
June..
July. .
Aug. .
Kept.
Oct. .
Nor. .
Dee. .
Closed barely steady.
10.24-26 10.15-1$
10.26-28 10.16-17
10.93 10.21-22
10.20-22110.11-1:
10.12-14
10.93
10.34-36
10.37-38
10.53-54
10.06-07
10.27
10.28-30
10.32-83
10.48-49
LIVERPOOL.
The following Is tbe opening range, 2 p.
m. and close, compared with yesterday:
Future* opened barely aleady.
Opening
Range. 2 p. tn.
May 6.09 -6.094 6.00
May-June ...6.08 -6.084 6.0#
.Iulie-July ....6.024-6.02 6.03*
Jniy Avguat .6.99 -6.99
Aug.-Sept. . .6.89
Nor. ...6.74 -6.734
Nor.-Dec. ...6.724 5.714
pec.-Jan 5.704
Jan.-Feb. ...6.71 ”-5.70 ....
Feb.-Mar. ...6.71 -5.724 6.714
Closed quiet, bntHteady.
NEW ORLEANS.
The following Is the range ln cotton fa-
turae la New Orleans today:
» i
o| B
k'
5
Ill 1
If •
Mny
June. , , .
July
Aug. , . .
Sept. . . .
Oct
Nov. . . .
Dec
Jan
ll.34jll.34
1L66 1L66
11.25 11.25
moioiio
10.66 10.67
10.70110.71
11.11
1L40
11.25
i'o!56
10.65
10.60
11.18)11.16-16
10.20-22
11.46 11.46-46
11.17 11.18-19
10.70
10.6110.60-61
10.60-61
10.60 10.59-60
10.63110.61-63
11.27-29
11.27
11.51-52
11.21-22
10.71
10.69- 60
10.69- 61
10.69- 60
10.62-64
Closed barely stead
Id
... ■■■■
NOTES ON GRAIN.
Pointers on Provisions.
COTTON SEED OIL.
Following la Ikp np.nlng and Honing of
he New York dVttou seed oil market:
" Close. <
“
ATLANTA MARKETS.
FRUIT AND PRODUCE.
active, loc pound: turkeys, undrawn. ac
tive, 15016c pound; fries, active, 18020c
pound: bens, 14c wound.
PRODUCE—Lards. 10c pound; barns, ac
tive, 16c pound; shoulders, active, 9e pound:
atdea, active. 10c pound; butter, active. t|
0224c pound; beesrax. active, 25c pound;
active, 8c pound; boue/ In
VMHPVocka, active. i2c pound; drted^
apples, 6c pound; white peas, active, 93ffl
bushel: lady pens, 33.60; stock. 91.7602.15. 1
FltukT8— Lemons, fancy Mcsscnn, $6,750
6.00. Bananas, per hunch, culls, active. 90c
091; straights. 91-6002- Pineapples, Fieri
da *t«>ck, per crate. 94.50. Oranges, Florida
stock, owing to site and condition on nr
rival, per box, 94.0004.50, Apples, choice Ren
Davis, none; fancy. $6.60; New York atnte
b ‘ fancy, 96.50, (trap* fruit. Florida
owing to alxe and color, per
box, 92.604i3.5o. Limes, Florida Block, per
hundred 91.26; Peanuts In sack, averaging
one hundred pouuds each, owing to grade,
per pound 64074c. 8tr*w!*errle*, 124016c,
active; cabbage, standard crates, sc
jf| $2.75 crate; cabbage, barrels, 2Mr* R»,;
egg plant, slow, 92.60 crate; cucumt>cra.
92.00 crate; tomatoes, fancy, active, 92.600
$3 00; potatoes, new cron, 3606 barrel; unions
dry, active, 92.15 bushel; Irish potatoes, ac
tive, No. 1 91.l6tfl.20 bushel- celery, fancy.
92 50 per crate; peppers, active. UO crate;
okra, all basket*, small, $3 crate; cstill
flower, active, 607c pound; lettuce, headed,
active. 92 crate; sweet potatoes, white, ac
tive. 60c bushel; kraut, half-barrel, $3.75;
beans. 93.50 crate; English peas, crate;
Egyptian onion, 44c pound*.
FLOUR. GRAIN AND PROVISIONS
FLOUR- Highest patent 95.10; i»eat patent
94.76; standard patent 94.36; half patent f
‘1; sprlnc wheat patent $5.
I'OKN No. 2 white 72c; choice white 75c;
white feed, tide; No. 2 > el low. 73c; mixed.
71c* cracked corn, per bushel, 75**; India,
$12.50.
CHICKEN FRKD---Fifty pound sack*. #*;
Purina chick feed 91.90; \Vtor feed, 91.34;
Banner feed, 91.26; bran feed, 91.30.
OATS No. whtttfJlBilHM^
Golden oats. 66c.
Special to The Georgian.
< Front Hayward. Vick A Clark.)
Chicago, Mny 2.—Bartlett, Frasier A Car
rington: The wdntcr wheat outlook, the un
favorable seeding conditions In tbe north
west nnd the strength In tho European posi
tion, which Is Just beginning to be appre
ciated, will make the long side the dividend-
paying. Do not overload, for we will see
some rend Ion*. Have a little on hand and
buy ou the breaks.
Get some roru urn! September oats on auy
set-back.
Chicago Uecord-IIernld: T. J. Brossnahan
linn been admitted to a general partnership
In the firm of Uignu A llryap, outing from
today. Mr. Bros*nnlinn has been manager
of the firm's office* for a number of years,
nnd has grown up w’lrb the concern.
Reports were received here yesterday that
the Ciinndlnti Northern road was blocked
with wheat car* on some of Its lines ns the
result of special efforts that were being
made to hurry grain forward for export.
The arrivals of wheat nt Winnipeg yester-
*ay were 211 cars, as against 434 n year ugo.
fferlng* of Manitoba wdieat for export
have been restricted for several days be
muse of the Inek of adequate supplies at
the-*enboard.
"I examined a number of fields this morn
ing while the whent was wet, aud found a
great ninny more bugs working than last
night.’' wired Hoyt from Wichita to Lake.
VI nlno find thnt tho only wheat thnt Is
alive and growing la the main straw. All
the lower leave* and suckers are entirely
dead. Shall stay here tomorrow aud look
at the fields In this vicinity. Iu my Judg
ment, the wheat In the territory thnt I
hare covered the laat few dnya Is Irrevtwn-
hly damaged 35 to 40 polnta. No matter
how much rnlu falls, they can never recover
tbe loss." „
Kansas City correspondent of Clement-
Ciirtla sends following: "Coburn’s report,
out last night, make* whent condition 84.
Area plowed up, 280.000 acres. Condition
lower than I expected, blit Is bnsed on re
turns made last week nt most critical time.
Itnln and snow general throughout the state
was 70 last June on about same area and
crop exceeded 90.00n.000 bushels. Prominent
elevator concern* report says almost n
full crop to be expected. Missouri report
will be out late Saturday.’'
Hradstreet's report of the available supply
Inst week shows tho following changes:
Decrease
1907. • 1906.
Whent east of Rocklea... *710.000 4.775.00<
Europe ami afloat 100,000 *700,00t
Total *. *610,000 4.075.00*
Corn 1,640,000 2,749,(XX
Oats 89,000 1,856,001
•Increase.
The steamer W. II. Kerr cleared from Du
Inlli yesterday with the largest cargo of
wheat ever put afloat on great lakes, 440,000
huNhels. This Is the Kerr's maiden cargo.
Highest previous record was 378,000 bushels.
A late private Liverpool cable read: "The
weakness nt Budapest, which was off Sc per
bushel. I* attributed to late advices of Im
proved weather conditions In Hungary,
which Is causing more confidence umong
sellers."
E. W. Wright, of Portland, Ore., who has
Just returned from Europe, reports that on
till* and on a former trip laat November he
found the English and Irish millers working
with scarcely any stocks of wheat ou hand
and generally wondering at the weakness
of the 'American grain markets. Mr.
Wright's iiiIsmIoii In Europe was Ui the In
terest of the llarrlmnn lilies to secure uni
form ocean grain freights from the three
principal Pacific port* He was In confer
TRADING IN WHEAT
WAS BIGjAND ACTIVE
News Was All Bullish and
Prices at Start Was
Sharply Higher.
Chicago, May 2.—Enormous profits were
In ken by longs In whent and oats today,
nnd there was some selling by corn longs.
Tills grain, put upon the market a* It wus
around the best prices reached, caused n
reaction and setback from the bard spots
reached, yet there was a strong undertone
nt the end of the day, when net gains of
404c were shown by wheat, bt)t losses
of 404c by corn and 40%c by. oat*. Hog
products were up a shade for the day.
Crop news front America' ami Europe
were again unfavorable In character, nnd
report* were received from Liverpool of
the continent taking wheat In large quanti
ties. Northwestern and primary receipts of
wheat were much larger than>n year ago,
and the clearances from the seaboard were
somewhat smaller. According to a Broom-
hall cable, Argentina is expected to ship
4,000,000 bushels of wheat and 240,000 bushels
of corn this week.
Cush sales here Included 2.1,000 bushels
of wheat. 160,000 bushels of corn nnd 40,-
000 bushels of oats.
Tbe seaboard reported six loads of wheat,
twelve loads of euro aud 100,000 bushels of
oats.
Chicago May 2.—With wheat prfrea from
4014c higher ut the opening, n big active
trade waa Inaugurated this morning. It
was too large aud general to follow Indi
vidual operation!, but the . commission
houses were nil active on both sides. The
strong cables, unfavorable Russian news
and reports of whent being killed by frosts
In the southwest, caused the upturn. There
tins been heavy profit-taking, but the mar
ket Is taking the offerings well. Northwest
receipts show -some falling off, but are
•till In excess of last year.
Trade In corn was not large, but prices
were a shade higher at the opening, easing
off later on selling by Rartlett-Frnxler.
There was a big, active trade In onts,
with May selling a cent higher aud July up
4c on shorts covering.
CHICAGO GRAIN MARKET.
WEATHER REPORT.
8TATE FORECASTS.
Georgia—Partly cloudy tonight; cooler In
east nnd south portions; Friday partly
cloudy.
South Carolina—Partly cloudy tonight nnd
cooler In south portlou; Friday fair- nnd
warmer In Interior.
Alabnmn—Partly cloudy tonight; warmer
In the north portion; Friday fair; warmer
iu the Interior.
WEATHER CONDITIONS.
The conditions continue more or less un
settled over moat of the country, and pre
cipitation hna occurred In portions of Texas,
Louisiana, Alabama. Georgia, along the At
lantic const nnd In the northern Rocky
Mountain district*. In Wyoming nnd South
Dakota snow waa falling this morning,
while rain was falling nt Taylor, Tex..
Charlotte nnd Wilmington, N. C., and Nor-
Frosts were quite general all Over Mis
souri, Indiana, Illinois and Ohio. The tem
perature has fnllen In tho far northwest
and over the North Atlantic state*.
An area of high pressure covers the
northwestern quarter of the map, while an
area of low pressure Is centered In the
southwest. „ ., . .
The condition* are favorable for fair
weather In this sectlou tonight and trldny;
not quite so warm.
COTTON REGION BULLETIN.
For the 24 hours ending at 8 a. m., 75th
meridian time. May 2, 1907.
STATIONS
ATLANTA
DISTRICT.
for today follow:
July 844
Sent 864
CORN-
£$
504
824 814 814 804
g* si w *
July
Hept..
OAT8-
May 474
July 434
Sept 3«4
PORK-
May.. 15.65
July.. 15.924
Sept
LARD—
Mny... 8,074
July... 8.824
•lent... 8.90
SIDES—
Mny... 8.60
July... 8.75
Hept... 8.85
604
604
604
494
Tuf
§4
494 504
4974 504
60 504
^Atlanta, cloudy. . .
•Chattanooga, cloudy
Columbus, cloudy. . .
Gainesville, cloudy.
Greenville, cloudy. . ,
Griffin, cloudy. . .
•Macon, cloudy
Montlcello, cloudy, . .
Newnnti. cloudy. . . .
Rome, cloudy
Spartanburg, cloudy. .
Tallapoosa, cloudy. .
Toccoa, clear
West Point, cloudy...
•Minimum
rlod
Heavy Rainfalls.
Clinton, la., 1.98: Lafayette, Ln., 2.00;
Franklin, Ln., 2.76; Melville, lai.. 2.24; Ope
lousas, La.. 1.90; Payne, I«n„ 1.80; Kchrlener,
!<a., 1.60; Wharton, Tex., 1.54.
i;i
Special to The Georgian.
(From Hayward, Vick A Clark.)
New York, May 2.—J. S. Bache A Co.:
Loudon market slightly Irregular. Talk of
reduction In bank rate to 34 per cent, pro
viding Faria demand la nearly satisfied.
The bear* have been waiting for an op
portunity, and lost no time ln attacking the
market yesterday. There la one thing that
should uot be overlooked In this market,
and that la the recent court decisions. They
have without exception been favorable to
the different corporations and will go a
long way toward restoring confidence to In
vestors.
The Iron and steel situation, It is stated,
could hardly be better. The copper situation
speaks for itself, aud rising prices lu the
metal of dally occurrences.
The Price Current denies the Insect dam
age, and merely states crops, are backward
on account of unfavorable weather. A little
change lu weather would rectify this.
There was a slight flurry In call rates yes
terday, but no significance attached to It.
Bank of England rate unchanged aud
Americans are steady.
Town Topics; We look for the reaction
to run a little further, ln which case we
would not hesitate to buy good stocks gen
erally. Crop news Is unfavorable, but too
much stress is being laid on tbls In tbe
stock market nnd not enough on the other
generally bullish conditions. The agricul
tural communities are so thoroughly pros
perous that a comparatively small winter
wheat harvest or s reduced yield of cotton
will uot be a particularly distressing factor,
especially as higher prices for these com
modities will practically reimburse farmer
and planter. A let-up Is necessary, and If
a falling off of 100,000,000 bushels, fr even
twice as much In the winter wheat harvest
Is necessary to bring It about. It will uot be
an unmlxen evil by any means.
The Atchison convertible bond Issue an
nouncement will be followed by other
financing operations from time to time as
the money market permits. But this will
scarcely be carried to excess and money will
probably continue cheap during tbe next
two months at least. The bond market
shows more signs of life thau for a long
time.
We especially favor Southern Pacific, St.
Paul and Reading, which will be found the
'?aders In the next upward movement.
Buy w'heat nnd cotton on the soft spots
>r good profits.
London mixed. Atchison down 4. Union
As Session Progressed the
Tone Became Strong-
Prices Advanced.
UNION PACIFIC LED
London Trading Mixed,
Sales Exceeding Pur
chases.
Union Pacific continues to meet realizing
nt present, but support It
round uu.
Amalgamated hangs between 93 and 97.
nd we think It mny be bought for turns
on this recession when weak, ns the copper
situation Is stronger nod must have specula
tive bullish Information, temporarily at
least.
Too much stock was encountered In Smelt
ing 136 to 136, nnd the limitation of 136 and
132 is now reported.
Atchison held between 94 nnd 97.
St. Paul meets considerable stock around
18: supported around 135.
Great Northern preferred should be pur
chased toward 135. with a small stop if the
dally trader so desires.
Northern Pacific held between 132 nnd 136
1th good buying on a scale down.
Pennsylvania ln trading position between
120 nnd 128.
Southern Pacific may be bought on reac-
New York, Mar *-Tod»y« market wal
dominated ugnln by a renewal of the m
mors which were current nt the outset of
the week concerning certain large financial
plans for the Union Pacific. The gossip
Wall street took the form of a holdln*
company to take over the Investment in.,
terest in this compsuy In other companies
and bids were even made ou the curb mart
ket for the stock of the uew concern when
Issued. In more reliable sources, how
thun tbe floor of the stock exchange a
ferent version of the Impending deal wai
expressed. This was to the effect that ths
Union Pacific preferred shares were to 1*
THE COFFEE MARKET.
retired at par aud the whole of the
pany’s earnings thus made available for th#
common stock. Considerable color was Jpnt
to this report by the abrupt rise of s points
In qJnlon Pacific preferred on nn iinusuai
volume of trading. Along with this th#
common stock rose 3 points and Southern
Pacific 2. nnd the general market, which
had hesitated nt the opening, qutcklv gained
strength nil around, weather reports wer#
again deeidedly unfavorably, and wheat on.
tlons advanced another cent In the bushel
but In view of the larger Importance from
n speculative standpoint, the Union Pacific
the crop news was virtually ignored.
New York, May. 2.—The stock market
opened Irregular, with the strong featur#
the Copper stocks. Amalgamated was u D
4. Smelting 4 and Anaconda 4. Rcadinlr
advanced 4, but Immediately lost 4. Atch
ison lost lu all %. Northern Pacific and
Chesapeake and Ohio started 4 lower.
Union Pacific Is down 4. Penusylvanii
advanced 4 and St. Paul started In 4 low-
There was continued pressure on th#
market lu the early trading, but ns the
first hour progressed the tone became
strong and nn upward movement started,
led by Union Pacific, on which prices moved
up 1014 points before the end of the
hour, nnd nt thnt time the market wni
strong nnd •nlrly active, with an Increased
demand at the higher price levels. London
trading was mixed, sales exceeding pur.
chases by about 15,000 shares. There wn#
nn appearance of quiet investment buying,
nud commission bouses reported a little
Increase In outside speculative interest.
Government bonds unchanged. Other
bonds quiet.
MONEY AND EXCHANGE.
New York, May 2.—Money on call, 2^2*i;
time loans quiet; 60 dnya, 34; 90-day bill*,
3404; 6 months, 4404%.
Posted rates: Sterling exchange, S4.R4@
New York, May 2.—Following ara coffee 4.8345 for 60-day bills,
cables:
Havre, 10 n. m.—Market quiet; 12 noon,
advanced 4 franc; sales. 10,000.
Hamburg, 10 n. m.—Market declined 4
pfennig; sales, 26,000.
Rio receipts. 9.000; shipments, n
market weak.
8no Paulo receipts, 41,000; Jundlnby re
ceipts, 31,000.
Illo clearances to Europe
74,010: Santos, 641,000; Rio clearances' to
United States, 63,000; Santos. 336.000; Victo
ria clearances to United States, 71,000.
The following figures giro the opening
range aud close or tho New York cuffes
market for today:
Opening
Ilanire. Close.
15.674
15.974
15.66
15.96
16.06
8.624
8.75
8.874
8.60
X. H. Fairchild.
sacks. 71c; term, 81.25.
HAY—Timothy, choice large bales. 81.80;
do choice, smell bales. 91.30: do No. \ third
bales. 91.30: do No. 2 third bales 91.20: No.
1 clover, mixed, 91.20; cholc*-prairie 91; ber-
niuds 91.
SHORTS—Choice white 81.45; Texes white
91.35; fancy bOpound 91.35; brown 800100-
pound 91.90.
PROVISIf NS.
PROVISIONS -Supreme hams, 164c; bel-
lies. 20026 pound average. 10c; fat box
8.224; plate*. S.lo; Supreme lard, 97*; Purity
compound Stye; California Lama, 10.50; dry
salt extra ribs, 9.25c.
GROCERIES.
IIICE—Jap 5064c; head 607c; fancy head
*- * grade.
cream dairy, 164c;
SUGAR Standard granulated 95.10; New
York refined 4Sc; plantation 44c.
COFFEE Roasted Arbuckles $16; p u |g | D
„„ • -
eats. .—.
31.Y». Orsters. full weight. 32 case; light
weight. 91.10 case. Evaporated apples. 7%e
pound. Pepper. 19c. Baking powders. 45
case. Red salmon, 95 caae. Pink salmon.
$4.35 case. Cocoa. «0c; chocolate. 33**; snuff.
1-poun I Jars, 48c. Roast beef. $2.60 case
_ 4 ^ Corned beef, 12.60 case. Catsup. $1.9) case.
I uilxwl. «.•: I alrop- **» Ori-.n. »<• gnllnn: .orn, JO-
I gulloii; t uba. 35c gallon; Georgia cane, 2».«-
MKAI IMtln. p**r KpoilllA Mi ka. 69.'; I IdO-pcnicd. 50r. Alls trrftr. |1.;5. So.!.,
pblu. « p..u,„l «<*•. :>V; plain. W'POTim I
' i*oun \ 64f. Tomatoes. 2-pound. $1.90 caae;
{•-pound. 92.r* *■' * ~“ *
L. H. FAIRCHILD & COMPANY.
NEW ORLEANS.
5f* S rl *“V?<X'?? ExcU*n#fc N,w TorU Coffeo EKhanfo.
Naw York Cotton £xeto»n|fe. New Orleans Board of Trad*
fctw Orleans Stock .Exchange. Chicago Board of Trade.
. LIVERPOOL COTTON ASSOCIATION.
Private wires to NEW YORK nnJ CUIC.WO- Orders eolloLed foe I
•are eeuvecr. on abovo Exchangee. B. c. COTttltAK
. b«*aua. $2; Lima beans.
. . lle*t matches. i»er gross. 31.65. Maca
roni. $407c per pound. Sardines, mustard,
93.35 case. Potash. $3.2303.80 case. Peanuts.
It.»pe, 4-ply cotton, ISc. Soap, $1,500
;$?•
FISH.
Bream. 7c pound: snapper, jiv pound;
trout. 8c pound: blue fish. 7c pound; p«m-
pa no. 25c pound: mackerel. ! ’He ,>«tind:
mixed fish. 5c pound: fre«h water trout. 9c
pound; Florida shad roe l\c; buck 19ct
n*'*-ala anad roe. 40c: buck, lie each.
THE LIVERPOOL GRAIN MARKET.
Wheat opened 401 higher, nnd at 1:30
p. m. 78014 higher. Closed 4074 higher.
Corn opened 404 higher, nnd nt'l:$) p.
tn. 404 higher. Closed 4 higher.
NAVAL STORES.
Special to The Georgian.
Savannah. May 2.—Turin
ante*. 60; receipts, 356.
Rosin firm: sales, 939; receipt*. 1,8*0; win
dow gin**. 95.66; water-white, $5.40; M, 95.35;
N. 35.20; K. 95.15; I. 15.00; H. 34.85; G. $4.75;
F, 94.70; E, 94.56; D. $4.50; r, $4.45.
Atlanta. .
Augusta. .
Charleston.
Galveston.
Little Roek....
Memphis. . . .
Mobile
Montgomery. ..
New Orleans..
Oklahoma. . .
Savannah. . .
Vicksburg. . .
Wilmington: .
blUfRU T A‘VBhAfiBW.1
II
Jnnunry .. ..
February
March
April
May
June
July
August
September .. ..
October .. .. ..
November .. .. .
December .. ..
Closed steady.
5.26-5.30
5.25-5.30
5.30-6.35
.* *’..6.45-6.50
5.35-6.45
5.30-5.35
5.20-5.30
5.26-6.80
6.26-5.30
5.20-5.30
5.20-5.25
Sales 31,250 bags.
6.26 5.30
6.25- 5.30
6.30- 5.351
6.80-6.40
5.45-5.50
5.305.40
5.30- 5.35
5.25- 6.30
6.25- 5.80
5.25- 6.30
5.25- 5.30
5.25-5.30
THE LIVE 8TOCK MARKET.
Chicago, May 2.—Hogs—Receipts 21,010.
Market slow: light $6.8506.66: mixed 96.200
6.55; heavy $6.1506.60; rough $6.1506.80; pigs
96.9006.46; yorkers $6.6006.56; good to choice
heavy $6.4006.50.
Cattle—Receipts 6.600. Market steady;
beeves 34.2506.40; cows $1.8004.90; heifers
92.6006.30; calves $405.75; good prime steers
95.8506.40; poor to medium 94.2505.30; Stock
er* nnd feeder* 92.9006.16.
Sheep— Receipts 12,000. Market steady; nn-
CHICAGO CAR LOTS.
T. Indicates Inappreciable rainfall. *For
yesterday. ••For 24 hours ending 9 a. tn.,
•5th meridian time.*
Remarks,
Higher tempfmatures are reported from
Texna nnd Oklahoma; elsewhere the tem-
peratnre continues nearly stationary. Ex
cept In Oklnbomn. light rains have been
general In alt districts, being inappreciable
In the Memphis district.
J. B. MARRURY.
Section Director.
and estimated receipts for tomorrow art as
followa:
Today. Tomnr.
Whent • 21 26
Corn 120 204
Onto 167 220
Roga, head 21000 22000
If you have lost anything
you will find it very conven
ient to telephone your Want
Ad to The Georgian and
News. We will charge it if
? our name is in one of the
'hone directories.
Bar silver. 654; London bar silver, 3164
decline at 30 3-l6d.
Government bonds unchanged. Railroad
MINING ST0CK8.
Butte 88, Callfornla-Arlzoua 17, Michigan
1574.
THE LONDON STOCK MARKET.
Anaconda
Atchison ,
Amalgamated Copper ..
Baltimore and Ohio ....
Chesapeake ond Ohio
Chicago and Great Western..
Canadian Pacific
Erie
do. preferred
nols '* *
nan i
do,
Louisville nrnl Nashville
Mexican Central .. .. .. .
Norfolk and Western .. ..
New York Central
Ontario and Western ..
”* nnsylvnnln
St. Paul
Union Pacific
United States Steel
do, preferred .. ,
CARNEGIES SAIL
FOR SKIBO CASTLE
Sew York. May 2.—Mr. and Mr.
Andrew Carnegie and daughter will
.all for Europe May 8 to .pend tin
eunimer. They will go direct to SkIM
castle, where Mr. Carnegie will .pmJ
moit of hi. time.
Prompt Work Saves Nagrs.
Special to The Georgian.
Decatur, Ala., May 2.—A lynrhlnf
wa* barely averted here by the prompt
action of the authorities, who .peedll?
organised a grand jury, Indicted a ne
gro named Lipscomb, and spirited him
off to Birmingham for .afe-kecplng
Tho negro had attempted an nssault
on Mrs. Hchrump.hcr, a daughter of
former Sheriff 811a. P. Ryan.
THE METAL MARKET.
the bid nnd nuked price
Tin .ieehlt'dly easier.
Spelter off 5 |"||lith.
Lend tlnchfliisci.
HAYWARD, VICK & CLARK,
COTTON, STOCKS, BONDS, COFFEE, GRAIN AND PROVISION#.
Carondelet and Gravier Sts* New Orleans
MEMBERS:
New Orle.na Cotton Eichsogo. | New Orleono Fotor. Brokers' AoKl.lloh
New York Cotton Kichingo. I N»w grlMn, «nd CWc«ito Board, of Trad*
(i.lrc.toa Cotton I’lchans,. New York ( offo^ Exchange.
Uou.too Cottoa Exchange. I AMoclote MemhCro Liverpool Cotton la x
New York and Chicago Correspondent..
J. S. BACHE & CO., AND BARTLETT, FRAZIER « CARRINGTON.
PRIVATE WIRES TO ALL POINTS.
ALONZO RICHARDSON & CO.
PUBLIC ACCOUNTANTS
AND AUDITORS
Ciupire Building.
ATLANTA.
Bell Phone, Main 858.
OEORGIA.
Central Bank and Trust Corporation
CAPITAL $500,000.00
Candler Building. Branch, Corner Mitchell and Forsyth Streets
OFFICERSi
ASA O. CANDLER, Pruldent.
‘ A. P. COLES, Cashier.
WM. D. OWENS. A mutant Coibltr.
4 Per Cent Compound Interest Paid on Savings Deposits
ATLANTA NATIONAL BANK
ATLANTA, GA
C. E. CURRIER, President. H. T. INMAN, VIce-PretldenL
GEO. R. DONOVAN, Cashier.
JAMES S. FLOYD, A,glttant Cashier.
Capital
Surplus and Undivided Profits
$500,000.00
$650,000.00
We Solicit Your Patronage.