Newspaper Page Text
STRONG AND ACTIVE
^n
■
■■■■■■
TBS ATLANTA (JEORGLiN AND NEWS.
f'ATT'KDAV. IIAV IS. 1907.
Weather Conditions Had No
Influence on the
Market.
BU YING ON GOOD SCALE
Prices Easier in Last Hour.
Sentiment Bullish and
Tone Firm.
N«* York. May II.—Tho local cotton mar
ket started active at on advance of 2 to 6
points. Influenced by tke weather. New-
*. — The undertone
Top options led the upturn. The und«
if the market was popularly called
iteady. After the call there was
yielded
of Whitsuntide holidays
until Tuesday morale/.
In the abaence of Liverpool advlres. the
New York market for futures waa deprived
of Its usual early atlmulatlnK Influence,
and domestic Influences were looked to for
' the shaping of prices.
At the opening, the market waa un
changed to 6 points higher on overnight
baying orders, but on free selling of the
near months, supposed to be for the bull
clique, a decline set In and the entire Hat
lost a faw points. In the later trading,
the new crops recovered, and at the close
were UfU points higher, while the nearby
positions were 3fl9 points lower.
Comparative receipts nt nil U. B. ports:
Net receipts today. May 18 8-146
Same day last year 9.672
Decrease 1.626
Same time I
Increase
Estimated receipts Monday:
1907.
. New Orleans 1.600 to 2.000
Galveston 3.000 to 4.000
Houston 1.300 to 1,500
Movement at Atlanta:
Receipts today
Same day last year
Decrease
^day last'year'
Stock on baud today
Sams day last year ...
Increase
1909
1.788
1.680
None
None
6.401
5.621
8POT COTTON MARKET.
Liverpool, holiday.
•S%ew aura. ■10117. iiikkiiiuh .
Galveston. Arm; middling 12*4.
Mobile. Arm; middling 11%.
Savannah, firm; middling 11*6.
Charleston. Arm: middling 1J%.
Wllmlngton, atindv; middling 11%.
Norfolk, Arm; middling 13c*.
Boston, steady; middling 1215-16.
Philadelphia, steady; middling 12.40.
Memphis, steady; middling 11%.
Augusts, sternly; middling 12%.
Houston, steady: middling 12%.
St. Louis, steady; middling 1113-16.
T0DAV8 PORT RECEIPT8.
NEWS AND GOSSIP
of the Fleecy Staple.
Special to The Georgian.
is bullish. The decided decrease in visible
Is also bullish. The July option Is in a
strong position. Weather news favorable,
but prices bold like adamaut. Indications
a Inf to conAdence In higher prices. Would
_vlae buying on all reactions.
It Is selling again this morn-
d weather map and expects-
Joint break, but It doee not
give way. Think this Is a market to atay
long of until June 4, and disregard fluctuu
“iSSiowin g la the statistical position of
cotton on Friday. May 17, aa made up by
Tbe New York Financial Chronicle:
This I.si st Last
Week. Week. Year.
... 4,466.184 4.689.961 3.971,784
... 3,046.184 3.176.331 2.426“*
... 92.419 96.317 114.
Bines' Hept. 1
Port stocks .
Port receipts
Exports
Visible supply
jj mm “si'M "iiiiii
.12.6at.185 12.545.416 W.06J.352
. 5H8.453 546.3*4 573.40
M.6I9 80.775 75,258
91.571 92.285 80.801
32.73)1 43,478 38,581
55.089 88.115 54.306
324.004 348.426 316.430
la the Liverpool weekly cotton
ek ending May 17
1907. 1906. IS
Week’s sales 42.000
Of which Arner.... 38.000
For export 1.2W
For speculation
Int. receipts .
Inf. shipments
Int. stocks
Forwarded 66,000
Total stocks 1.213.000
Of which Amer.... 1.063.000
Actual exporta .... 10,00
Week’s receipts .. 32.009
Of which Arner— 20.000
Since Hept. 1 4.324.0
71.000
*3.000
6.900
3.200
67.000
961.000
110.000
7.001
48.080
3.900
I 66,000
H
HR
l&S ii:“:SoS
115.000 282.000
74.000 209.000
816.030
734.000
8.000
94.0IV»
79.00*
7*».ono
244.<i0n
— ,»00
Of which’ Arner—3,624.000
Stocks nAoat 180.000
Of which Arner.... 136.090
New Orleans. May 18.—Hoy
Clark: Weather conditions nt .
twenty-four bonra were favorable. No pro-
clpltatlou In the t»elt and generally fair
weather prevailed. Indications are for
iv and some showers In north Texu
territories and Arkansas. Cooler I
Jem states; partly cloudy In the cei
tral. Generally fair In enatern states.
official forecast says showers, colder
western licit. Market likely to advain
sharply ou this.
HESTER’S WEEKLY
rest i - _
an Increase tne same time lu 1904 of 136.00U.
For the 259 days of the season Hint have
elapaed the aggregate la ahead of the 269
day* of Inst year 2,666.000, and ahead of the
same days years liefore Inst 891,000, and
ahead of 1904 by 3,245.000.
The amount brought Into sight during the
past week haa been 96.445 bales, against 1W.*
476 for the seven days ending this dste Inst
year, 152,157 year before hist and 46,968
same time In 1904; and for the seventeen
NEW YORK.
! Tho following la tbs rant* tn cotton fu
tures lo Saw York today:
; t 4
o a
i
H
1
if
May.. . . *111.07(11.13
June Hl.OO 11.00
July 11.06 11.20
Aug. . . . ll.0111.lt
NW»t. . . .111.0911.23
Orf 11.2211.41
Nov 11.30 11.31
• Dec 111.29 11.48
• Jon. . .1. .11.45111.61
11.06
11.00
10.95
10.91
11.03
11.19
11.30
11.25
11.4f
11.00
10.97
l*fl
11.03
11.25
11.31
11.31
11.47
10.94 96
10.95-96
10.97-99
10.91-92
11.03 06
11.24-25
11.31-32
11.::::::
11.47-48
ti.oite
10.96-10
11.06-06
10.99-11
11.04 06
11.19- 2J
11.20- 22
11.25-20
11.39-40
C’loscd barely stt*ndy.
1
New Orleans.
Galveston, . .
Mobile
Savannah. . .
Charleston. .
Wilmington. .
Norfolk. . . .
New York. .
Boston
Philadelphia.
Pensacola. . .
1790
1416
1690
INTERIOR RECEIPTS.
The following tabla shows the Interior
movement of cotton, compared with the
same day last year;
101.662 same time JHH
The movement since Heptemlier 1 shows
receipts at all United Htgtes porta 9.523.544.
against 7,329.269 last “ *** —
fore last, and 6,949,8
,lis,.a>, against vui.um insi year, sw.sn
year liefore last, and 890,664 same time lu
1904; luterlor stocks In excess of thorn* at
the cloae of the commercial year 221.000,
against I9J.616 last year, 295.380 year liefore
last, and 144.861 same time In 1904: Hunt hern
mills takings 1.978,000. against 1.360,617 lost
yesr, 1.726,149 year before last, and 1,610,612
date f2.340.837, against 10,286.lf4 last year,
11.949.636 year before last, and 9,696,487 same
time In 1904.
Foreign exports for the week have been
87,789, ngalust 68,006 Inst year, making the
total *•" ** fc ** A
again
2,11U.„
Northern mills takings and Canada dor-
abow a decrease ol
the corresponding
pernm issi year, ann their total takings
alnc» Keptemlier 1 have Increased 189,974.
The total takings of American mills—North.
Mouth and Canada—thna far for the season
have been 4,384.146, against 4.061,008 last
year. These Include 2.860,969 by Northern
aplnnera, against 2.170,985.
Mocks at the sen hoard and the twenty-
nine leading Houtbcrn Interior centers have
during the week 68,346 bales.
.347 smaller than at thla date In 1P*6.
Including stocks left over at ports and
Interior towns from the last crop and the
number of bales brought Into sight thus
far from the new crop, the supply to date
Is 12.138.607, agalust 10,729,706 for the sai
perjod last year.
HAYWARD, Vic:: & CLARK'S
DAILY COTTON LETTER
New Orleans, .La.. May ll.^Our
market opened slightly easier and was
Inclined to sac on Haturday realising,
but the unfavorable weather forecast
for the western half of the belt prom
ising showers and colder for Texaa, the
territories, Arkansas, Louisiana and
Mlsalsslppl, caused It to turn about at
once. Prlcea Jumped by 3 and 6 points,
the new crops showing 25 points ad
vance In the next five minutes. Indi
cations do not point to any heavy
rains, but the tension la so great that
any forecast of showers haa material
effect. Weather conditions during the
R ist twenty-four hours were favorable.
o precipitation In the belt, generally
fair weather prevailed and seasonable
temperatures. Generally fair weather
Is promised east of Mississippi, to be
followed by showers and cooler Mon
day. There was free selling on the ad
vance, supposed to be tor New York
account, as that market was the first to
rtact, but the temper Is so bullish that
most of the early gain was maintained.
For Monday all depends on Che extent
of rains In the central states and north
Texas. If showers are only moderate,
disappointment may cause freer realis
ing.
New York. May 18.-J. B. Bache A Co.:
Although Liverpool waa not an Inflneuce
thla morning, the exchange being rinsed
because of the holiday, the cotton market
waa strong and active. The buying was on
a good ecale. Weather conditions, although
favorable, had no Influence on the market.
The eentlment waa pronouncedly bullish.
The weekly Agurea did not give much en
couragement to the bears. July and Octo
ber were In demand, and the higher prices
of this movement were recorded. Realising
In the second hour brought about easier
prices, but the eentlment waa still bullish
and tone firm. We advlae purchases on all
SPINNERS’ TAKINGS
AMERICAN COTTON
Aeeretary Heater gives the takings of
American cotton br the aniunera of the
world as follows, in round numbers:
This week 2O7.OO0 thla year, against 221,909
last year, 213.000 yesr liefore laat.
Total since Hept ember 1 this yesr 10.C38.099
against 9.488.000 last year and 9,744.000 the
yesr before.
Of thla Northern spinners and Canada
New Orleans, May 18.—The TimesDemo
crat: "Aa the cotton market waa a bull
affair from start to AntHh mid professionals
generally began to fear that. In the ab
sence of war—and thers are uo war clouds
ou tho horlton—tho bear will draw profit
from healthful reactions only until the date
of frost shall become knowu. Every day
now brings confirmatory evidence that re
cent excessive and continuous rains have
dons serious damage to the crop; some of
which la bound to prove permanent.
position of
.— .... -• times, but
tbsrs fa at the moment uo logic In assum
ing that current values are sure to he Im
paired later on. Thus the situation la
strong technically, and In every other way,
and the development* of further adverse
circumstances might quickly touch off the
sky rockets. Reactions are sure to come,
but It should bo remembered at all times
that cotton planted around the Arst of
June, even though the seed be
not mature before the norms!
rule* of the cotton 1
Partly cloud;
over the belt.
1 year, against 2.171,
... __ ,00) the year before:
Southern spinners 2.023.000, against 1.910.000
last year and 1,761.000 the year before, end
foreign spinner* *.264,000, against 1.461,000
last year aud 6,160,000 tbs year before.
MONEY MAP OF COBALT
—IT IS FREE—
Gives at a glance the location and produc
tion of all the big mines In the Great Cana
dian silver Camp. This map of
COBALT
Is compiled from Government statistics and
other official data, which makes It the most
complete and comprehensive map of CO
BALT In existence.
Bend in v«*ur name today for a free copy
Of the JOURNAL OF FINANCE, which It
our Weekly Market Letter. It contains all
the news In every Aeld of finance, which Is
THE R. L. BERNIER COMPANY,
185 Dearborn St., Chicago, III.
L. H. Fairchild.
Established 1885. S. J. White.
L. H. FAIRCHILD & COMPANY,
* NEW ORLEANS.
Membere:
Orltwns E«ben»e, New York Coffee Exchange
£* w )®rk Cotton hirhio*.. Now Orlr.ii, Bamrd of Trad..
Ortt.no Stock Kxi-h.nge Chicago Board of Trod,.
LIVERPOOL COTTON ASSOCIATION.
Priest. tVIro, to NEW YOItK end CHICAGO. Ord.ro solicited for fmnr- dolir-
or, ee abova Esrbauges. B. C. COTUBAN.
I
Edited by
Joseph B. Lively
MARKETS
Mr. Llvely*a twenty-flr#
years' experience of ed
iting markets In Atlanta
and tbs Beutb has mads
him a recognized au
thority In hla specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
Anaconda
American Locomotive.
do, preferred . . ..
Am. Smelting lief. . .
Baltimore 4k Ohio .
Brooklyn Itapld Tran..
Canadian Pacific . . .
Chicago and Nortbw'n.
Chesapeake A Ohio . .
Colorado Fuel A Iroo.
Delaware A Hudson. .
Distiller's Securities. .
Erie
. do, preferred . . ..
General Electric . . .
Illinois Ceutral
Am. Ice Becurltlea . .
I-oulavllle A Nashville.
Mexican Central . . .
Missouri Pacific ....
NAME OF STOCK.
N. Y.. Oar. A if. 7 .
National Lead. . . .
Northern Pacific. . .
New York Central. .
Norfolk A Western. .
Pennsylvania. , J . .
People’* Ga»
Pressed Steel Car. .
do. preferred. . .
Pacific Mall
do. preferred. . .f.
United States Rubber.
do- preferred. . . .
Southern Pacific. . ...
Southern Railway. ...
do. preferred. . . .
Btoes-Sheffleld. . . . .
Tetiu. Coal A Iron. . .
Texaa A Pacific
Union Pacific
United States Steel. . .
do. preferred. . . ^
Va.-Car. Chemical. . .. ,
do. preferred. . . . .
Western Union
Withash
Wisconsin Central . ..
do, preferred . . ..
do, preferred . ,
LIVERPOOL.
Liverpool market closed
Saturday and Monday—
Wbltsuutide holiday a.
NEW ORLEANS.
The following Is tho range In cottoo f»
turaa In Naw Orleana today:
-
Ill
Low.
last
Halo.
i
j
a
M»r
June.. • • .
July
Auk. • • .
Hept. • • .
Oct
Nor
Dec
Jan
ll.69jll.69
l'uojitii
lLaaii
11.49 il! 72
11.69111.73
ll.69jll.69lll.68
i'l’.9012*03 12. OC-06
11.80
ii.4« U.*69 li’Sw
11.68 |
11.44 11.66 11.65 66
11.61 11.67 11.68-70
iu£B
11.65
11.90-91
11.70
11.65-75
U.60-52
11.49- 60
11.47-48
11.50- 51
Cloaed steady.
NOTES ON GRAIN.
Pointers on Provisions.
The Chicago Record Herald: “The run
away market haa affected flour unfavora
bly, ,T said The Northwestern Miller. “There
whs an Indifferent demand up to Thursday,
when wheat begun to advance, and then
prices rose so ruphlly Hint buyers had little
opportunity to act. Aside from a limited
quantity of flour snapped up where offers
were out oil the old basis of prices, busU
ness was not stimulated. With wheat com
ma udlug around 31 u bushel, buyers believe
that the advance Is not legitimate and re*
fuse to take flour. Even shipping directions
on old orders are not coming In very rapid
ly, resellers no doubt doing the bulk of tho
business that Is current. Foreign markets
have been Impressed by tho bull market
lu the United States, and flour Importers
bavo advanced their blda considerably.
However, our market baa been too rapid
for them, and buyers and sellers are really
b< ' ■"* “
.... r _rt than before the
The Minneapolis flour output last
a good deal farther anal
boom. The Minneapolis .
week decreased 46,790 barrels, tna
comparatively light. The quantity of flow
turned out waa 248.866 barrels, against 29i
910 In 1906 and 161.480 In 1906. About tti.
same mills are In operation ns a week
ago, however. The wheat and flour markets
are lu such condition that a further cur
tailment la more likely to occur than not.
Of the seeding outlook, the paper aars
“Crop conditions In the Northwest are far
from alarming. In fact, they are very fair.
While the weather In the last week has
been too cold, lacking In sunshine and
warmth, the crop has made aoroe headway.
In North Dakota and northern Minnesota,
whero seeding haa been the latest, wheat
lias been put Into the ground every day,
nnd It Is conservative to say that 70 per
cent of the urea tn that territory I* now
In the ground. The Red River valley haa
not been In so favorable condition as to
soil for five year*, and fair progress Is
being made in planting In that Important
part of the Northwest."
The auditor of the largest farm Imple-
..lent concern lu Canada wired from Win
nipeg to llatcly Br©*.: “Private report*
covering fifty point* report work well ad
vanced nnd seeding condition* generally
aatlafaetory." „
11. W. Snow say# tbot even allowing
•er cent has l»eeu seeded up to this tit
ti Manitoba. It will 1m simply Impossible
to raise a half crop of wheat there tlila
Samples of green bugs discovered In the
nhcat fields of Westmoreland county, Penn
sylvania. are now en route here to Logan
A Ilrynn. Field* were reported very much
alive with the peat.
M’CULLOUGH BROTHERS'
FRUIT AND PRODUCE LETTER,
....ants. May 18.-The apple supply foi
the present season has been practically ox
lMuatcd. Same apnllea to Florida ornugea.
Drape fruit receipt* for several day* past
have been somewhat In excess of deuspd
and consumption, causing lower values to
prevail. . . 4
No change In the lemon market, the re*
celpt*. demand and consumption comparing
favorably.
~ Bhow a downward tendency as t«
reaaou of a falling off in tho de
maud In addition to liberal receipts.
Strawberries are being aupplled largely by
the homo trucker# direct to the grocer.
Very little doing In these goods In the mat
ter of out-of-town shipment.
Vegetables, generally speaking, in supply
sufficient to meet requirements at a range
of values consistent with a liberal deiunud
and consumption.
Old Irish potatoes scarce and selling at
lab prices at point* of ahlptnent.
Pineapples more or less inactive, with a
ippty somewhat In excess of requireme
rices allowing a downward tendency.
Cantaloupes from Florida poltits will
In to move In a small way during the next
•w day a Already Peuto aud
raches from Florida points are I
•Ived. aud when of good quality oi
icet with ready aala at satisfactory value*.
Eggs show more or leas stimulation, with
tdlcatlona of slight advances In the uear
future.
Dressed bens selling readily at quotation
rices, while dressed turkeys are a drag ou
• market at a very low value.
,tve poultry, hena and large fries, quite
active at aatlsfactory prices. Small aud me
dium fries plentiful nnd selllnc slowly at
lower prlcea In comparison wltn the large
sites.
More or less accumulation of country
mixed or cooking butter la In evidence. The
best grades of table butter In fair demaud
•t good prlcea
PRIVATE WIRE HOUSES
SOLO WHEAT PREELV
Many Pyramids Tumbled in
a Lively Manner—Closed
Lower.
WEATHER REPORT.
WORLD’S VISIBLE
SUPPLY STATEMENT
Secretary Heater’s statement of the
World's visible supply of cotton for the
week emifug Friday, May 17. shows a <le
crease for flic week lust dosed of 122.740.
against a decrease of 106.868 last year and a
decrease of 88.191 year before last.
The tatal visible Is 4.490.329. against 4.613.
099 last week. 3.9S0.916 laat year and 3.976.062
yesr liefore last. Of this the rural American,
cotton Is 3.079.329. against 3.191.069 last week.,
2.435,916 last year and 2.653.052 year liefore
Inst, and of all other kinds. Including
"Igypt. Brntli. India, etc.. l.'lll.OOO. against
.,4«2.0<M last week. 1*646,000 last year and
L323.000 year liefore laat.
The total world's visible supply of cotton,
as alKive. shows a decrease compared with
last week of 122,740. an Increase compared
with last yesr of 508.413 and an Increase
imunred with year liefore Inst of 614.277.
or the world a visible supply of cotton,
is above, there Is now albxit and held In
Great Britain nnd continental Europe 2.7't.-
**>. against 1.946.0b) last year and 1.962.0’k)
rear liefore Inst: In Kgrpt 133.'*'>*. against
112,000 last year and 1H.W year before last:
In India *r?.ono. against 1.072.00) last year
aud 898.000 four before last; and In the
United States 846.00©. against H61.0U0 laat
year aud 947,030 year Indore last.
Chicago, May 18.—Wheat prices today
abowed a decline of SMM%c. Many pyra
mids tumbled In a lively manner, and
nearly all the private wire bouses told
wheat freely nnd the northwest was a sell
er on a moderate scale. Liverpool refused
to follow the advance he*© of yesterday,
nnd Budapest was 6c lower. Rains were
-*-• — Europe where
iudlan shipments for week 398,000 bushels,
and Australia 320,000 bushel*, against 448,
000 and 408,000 bushels, respectively, a year
ago.
Corn waa Irregular and unsettled, and It
closed MSflc lower.
There waa less doing In oats. They closed
Hglc lower.
rrovlalona were off *%D12%c.
CHICAGO GRAIN MARKET.
for today :
WnEAT-
May 97
July 99%
Sept.... 100
Dec.... 101%*
CORN-
May.,.. 61
July.... 63%
Hept.... 63%
Dee 61%
OATB-
May.... 48 48 46'
July 46% 47% 45'
Sept.... 39 39 38'
PORK-
May
July.. 16.72% 16.72% 19.65
He^d.^H.82% 16.85 16.70
Mny
July... 9.27% 9.27% 9.15
8«*J>t^_9.42% 9.62% 9.30
May '
July... 9.02%
Sept... 9.15
«
50%
63%
52%
46%
&
:!53
9.02%
9.16
i:*i iStt S:!S*
9.0» 9.07% 9.16
BONANZA WHEAT RAISER
8AYS THE CROP IS 8HORT
St. Paul, Minn.. May 18.—Oliver Dalrym-
pie, of thla city, who Is reputed to be the
greatest of the bonansa wheat raisers In
North Dakota, so far aa acreage goes. In au
Interview aay* that wheat seedlug la
along “mighty alow" in Sorth Dak
. should aay an estimate of 40 per cent
decrease in North Dakota's wheat area this
year la a little high," he aald. “but It will
he decidedly short. Farmers Intended even
with any chance of a crop.
“It Took* as if the United States would
be 100,000,000 bushels short on the aggregate
crop and Europe about the same. If that Is
true, present prices do not look too high. I
wouldn't be surprised If thoae who predict
wheat well above 31 are right.
"Aa to *our lady of anow*/" he continued.
STATE FORECASTS.
erlor; Huntlar fair.
South Carolina—Fair tonight and Sunday;
WEATHER CONDITIONS.
Today'* map shows two areas of high
presanre. oue centered over the southeast
and the other over Montana. Between these
Is a trough of low pressure extending from
southwest Texaa to the eastern lake region.
Clear weather prevails over the eastern
TIPS FLASHED
From Wall Street
Special to The Georgian.
(From Hayward. Vick A Clark.)
New York. May 13.—J. H. Bache (c Co.;
London market closed today nnd Monday.
Close observers of the market claim tufl
the stock held well lu the face of adrerso
conditions. The bears have been active
throughout the week, with unfavorable ru
mor# of different kinds, and attacked stocks
that offered the least sttentlou paid to the
excitement In grain, and conservative pa
C era put It down to aoroe large commission
ouses aud advises resistance to influence
sentiment. Tbs' abort interest has grown
Considerably ninl threatens to become
wleldy. .' ' V.
Canadian Pacific was strong yesterday,
and aborts are liable to come to grief In
that security again,
d (tank.
market. .
Conditions lu wheat belt, both southwest
and northwest. Improving.
The New York Financial Bureau: A
break seems likely- todny la the stock
" ‘ food
oe vuiuerame to furtuer otiacis; aiso 01.
Paul. Both stocks have been refused gup-
port around former supporting levels.
Atchison aud Baltimore and Ohio show a
weaker iKieltlon. and both stocks confirmed
the deduction yesterday. Unless Smelters
walntaius the 127 level, a drop is likely;
also Heading, which professionals are bear-
'CLOSE MS m
IT SLICUT mill
» 6 points or more.
also Beading, wl
Isb on. The u,
break Colon Bad.
sylvanla la a little weaker lu technique.
It Is held between 121 and 122. Southern
Pacific haa stop orders uear the 82 mark,
for which room traders are gunning. Amal
gamated la well bought and supported. Still
maintained around BL • Brooklyn Rapid
Transit, United State* Steel. New York
Central. Auacoudn and other actives are In
the trading range, swinging with the mar-
ket.
Town Topics: Bullish wheat markets and
the unfavorable crop reports have a de
pressing effect ou stocks, but tbla Is- more
artificial than real, for It Is a question
whether there has l*en much actual li
quidation on this account. I-nst year the
railways were confronted by traffic dlfftcul*
tie* seldom met with ou account of scarcity
of equipment and immense amount of traf*
flc offering. General prosperity will scarce
ly be affected by auy development that
haa taken place thus far In the agricultural
Business has beeu hurt ny
regions.
has beeu hurt
unsea*
te tne unrnman nnu mu iwur». cm. i aui,
tcfaisoii. Pennsylvania. Baltimore aud
Mo, Reading, Louisville aud Nashville,
tlantle Coast Line—Copper, Steels and
ixar, may- be bought for turn* on breaks.
Take profits on auy bulge in cotton, and
THE COFFEE MARKET.
The following figures five the opening
range and close In the Nr _ *
market for today:
January
Saw York coffee
February
March
IS? v. •/.
June
July
August
September ....
Oetolier
November .. ..
December
Closed steady.
..5.306.35
..5.35-6.50
..6.40 5.50
..5.40-6.60
..6.66-6.75
..6.45-6.66
..5.40-5.50
..6.35-5.40
..6.35-6.40-
. ,5.30-5.40
6.356.40
5.406.45
6.456.60
6.466.60
6.66-6.70
5.466.60
6.466.50
5.556.40
5.356.40
5.356.40
5.366.40
5.356.40
THE LIVE STOCK MARKEV.
SSkciTA
choice heavy 36.30^6.40.
Cattle-Receipt* 300. Market unchanged;
try. beeves I4.2S66.45; cowa fl.S0Q5.45: heifers
Rain has fallen over southern Florida, In J $2.70«3.40: calve* S4.50Q6.25; good prime
the Ohio valley and at a few scattered sta* steers $5.3596.46; poor to medium 34.2595.30;
With the exception of sllgl
perature on the North Atlantic coaat and
In the Dakotas and Montana, warmer
weather prevails this morning.
COTTON REGION BULLETIN.
meridlau time, Mny 18,
8TATION8
ATLANTA
DISTRICT.
Tempera tura.
III
all
Max.*
Min.**
^Atlanta, clear
•Chattanoof*, p. cl’dy
Columbus, clear. . . .
Gainesville, clear. . .
Greenville, clear. . . .
Griffin, dear
•Macon, clear
Montlcello, dear. . . .
Xewnan. clear
Rome, clear
Spartanburg, dear. . .
Tallapoosa, clear. ; .
Tocco#, dear
West Point, clear. . .
74
78
82
75
74
78
78
78
77
81
80
* 7H
8
62
M
55
53
48
57
53
57
i
I
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
rlod ending 8 a. m. this data.
HEAVY RAINFALLS.
Newham, N. C.. 1.58. -
DISTRICT AVERAGES.
CENTRAL
STATION.
Max.*
referring to the Canadian northwest. “I
aha will soon be a “
• who have ei
point
40 to 60 per cent of
pie who have emigrated across the
borttr*
Specials from various points In North Da
kots Indicate that from 40 to 50 per rent of
the wheat seeding haa been finished.
Grand Forks reports that the ground, al
though cold, la In excellent condition, with
~) to ♦) per cent of the seeding done. Ijiri-
tore reports seeding backward with a I him t
alf the crop In the ground.
From Minot It la reported that the iterance
>wn In Ward county In wheat and flax will
xceed the record of 1906. Devil’s take re-
Atlanta. . . .
Augusta. . ,
Charleston. •
Galveston. .
Little Rock...
Memphis. . .
Mobile. . . .
Montgomery.
New Orleans.
Oklahoma. .
Savannah. .
Vicksburg. .
Wilmington.
Temperature.
T. Indicates (nap
t radable rainfall. *For
hours ending 8 a. m..
Ramarks.
Lower temperature la reported from the
extreme northeast section of the belt, and
higher temperatures from all either section#.
J. B. MAUBURY.
Section Director.
WEATHER FORECAST.
steer* $5.3596.45; poor tojrnedtm
stockers and feeders $2.90©5.15.
Sheep—Receipts 2,000. .Msrket steady: na
tire $4.5096.20; we#tern,$4.50««.60; yearling#
$606.60; lambs $*2598-7*5 western $».25Q8.t5.
THE SUGAR MARKET.
ran lunar luuiaria .****; ’■*■“■
London beets firm; May $s U%d; June .
COTTON SEED.OIL.
Followlnf I, the opening and elwlng of
(tio New fork cotton **«T oil mnrkoir
Opening. Cloa*.
Mot. . • 1
July. . .
September.
October
v.: aa
so
November 43V
Ueeemlier 41V
Cloaed arm.
44
43V
NAVAL 8T0RES.
Special to The Georgian.
Savannah. Ga., May IS.—Turpentine
Arm at 60 1-2; aales 492; receipta, 721.
Rosin Arm; aalea, 1,606; receipta,
1.992; window glaaa, 15.60; waterwhlte,
*5.70: M. *5.65; N. 65.60; K, 15.45; I,
66.20; H, 64.90; G. 64.65: F, 64.75; E,
64.70; D, 64.50; A, B. C, 64.40.
ferred down V: Smelting waa V IiIkIht
i Hei —
Ania
_ r rred
V; Pennsylvania waa off H nnd Northern
Fa. -
reacted V: 'Amalgamated gained mu
Hteel preferred opened V higher
MONEY AND EXCHANGE.
New York, Mny 16.—Money on rail Id
2V; time loana none.
Posted ratea: 8terllng exchange RHS
4.87, with aetunl business In bankers' Mil.
at §4.R6964f4.87 for demand nnd RSMfirxI'j
for slityslay bills.
Prims mercantile paper, no trading.
NEW YORK BANK STATEMENT.
h Iswna *1.1:4.808.700. decrease tt.4U.W0.
Deposits 61,108.100,900. Increase tl.SM.W.
(■Imitation t30.G40.4O). Ineirnse fcSWO-
l.egnl tender! 672.9*7.700, lBcres.clMI.ML
Specie 6316.O8A30O. Increase 6JA7MOO.
Heservr 6287.997.900. Increap) 63.408.W0
Reserve required 6276.oI5.225, Increase ICO,-
460
Surplus 611.472,875. Increase 31.MW.
Ex-United States deposits 619.386,Tit. In
crease 62.986,626.
WEEKLY STATEMENT
ATLANTA CLEARING HOUSE
(Darwin 41. Jones. Manager.)
Clearings Katnrdoy
Same day
Increase
w.nruny »£»•»•*«
w.w.»
Clearings for week ’.'(Baffin
Home week laat year j!
lucres sc 199, «
MINING 8T0CK.
Itostnn. May 18,-Openlng atecks: At-
Ionise 50: Shannon 1774; Knxlt 100; 4 oppej
Range 83Vi; Butte Coalition 1674; talnnift
THE LIVERPOOL GRAIN MARKET.
Wheat closed unchanged to 174 higher.
Corn cloaed quiet unchanged.
| Opportunity
land Cash.
Opportunity reaches out its hand to those endowed with J
cash. Every grcat fortune has its beginning in a savings ac- £
count. These accounts, if systematically looked after, grow £
alarmingly fast—and soon a handsome amount is acquired, suf- O
Imulalaaa—Partly cloudy Sun,lay; proha.
lily showers and eolder.
Arkansas—Incrnslng cloudiness; probably
showers aud colder.
Oklahoma and Indian Territory, East
Texas inorth nnd s*>iithi. West Texns
' north*-Inereaslug cloudiness: nrolmblr
showers and coiner.
West Texaa isouth)-l»artly cloudy aud
HAYWARD, VICK & CLARK,
ficient to make a good paying business investment, one estab' ^
lishing a life’s income. We have hundreds of growing Ravings ^
accounts and want more. Wo hold your savings absolutely safe §
and pay 4 per cent interest.
Union Savings Bank.
COTTON, STOCK8, BONDS. COFFEE, GRAIN AND PROVISIONS,
Corondclet and Gravier Sta. New Orleana.
MEMBERS:
few Orleaaa Cotton Exchange. I New Orlenna Future Brokero- Aaoeclatloa.
.few York Cotton blichango. | New orleana --* —■- - -- -
Oalveotoa Cotton Exchange. I New Yorl
Uooato. Cottoo Exchange. I Aaaoclato
A B. BACHE 4^CO?Ar*D*BARTLETT,^FR2t£TeR**!*,*’CARRINQ^OM.
PRIVATE WIRES TO ALL POINTS. ' *"•
uneaai > nture Droaera- aaaw^ltlaw.
data MtmbCra Uverpool Cotton Aaa'ft
W. d. DIBBLE
Accountant and Auditor,
mi Fourth National Bank Building.
auua, hkuouj Book ATLANTA, 04.
ATLANTA NATIONAL BANK
ATLANTA, GA-
C. E. CURRIER, Pr.ald.nt. H. T. INMAN, VIce-PresIdenL
GEO. R. DONOVAN, Caihler.
JAMES S. FLOYD, A.lliUnt Canhler.
Capital $500,000.00
Surplus and Undivided Profits
We Solicit Your Patronage.
ALONZO RICHARDSON & CO.
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 8il
ATLANTA. GEORGIA.
Publication of the Bank-
Statement Had Little
Influence.
IT WAS FAVORABLE
Trading Was Very Dull and
Mostly by Pro
fessionals.
New York. May 18.—For the first
time this week, today brought a share
cheek to the extravagant .peculation
on the grain markets. Weather repurta
were more reaaaurlng than on the pre.
vlous daya, but thla waa evidently not
the main Influence., A rush of specula,
tor. to secure some of the handsome
profits from the bull campaign wax
what really happened this morning and
the price of the leading wheat optlm,
fell abruptly 4c on the bushel. The
stock market, however, paid very little
attention to the wheat fluctuation.
Neither did It much notice much of
the increase In surplus In bank reaerve
nor the shares reaction which to„k
place In sterling exchange. A alotv
liquidation seemed to be In prugn,,
In various quarters, notably In the
group of Southern railroad atocke, and
the tone of the whole market waa de.
pressed at this exhibition of weakneee.
No reason appeared for the selling of
St. Paul and the Hill Issues other than
the somewhat dubious outlook In the
spring territory. The stock market
closed dull and rather heavy.
New York, May IS.—The publication of
the bank statement teemed tn bare r.r.
little Influence on the aleck market. Tr«,f.
Ing did not differ materially In Its eharar.
ter from that prevailing during the great*
part of the week, and continued mostly ■, ■...
rewdonal. The market closed weak with
however, a alight rally from the lowest.
Governments unchanged. Other bvudx
iUta,