Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, May 20, 1907, Image 12
THE ATLANTA GEORGIAN AND NEW&
MONDAY. MAY 20, 190?.
12
TRADE WAS ACM
AT WEEjCS OPENING
Favorable Weather Over
Sunday Was a Depress
ing Influence.
NEWS AND GOSSIP
of the Fleecy Staple.
NEW CROPS WEAKEST
Liverpool Closed—Excited
Market is Predicted From
That Center Tuesday.
New Tort. Mar I0.-Th«re »•< hravr Mil,
Inj: prmsr. on cotton market, and
rorable
call wai on a big ecale, with conaldera-
Me »top-l*i* aellla* In e.ldence. r the
end of the arat half hour. Julr rallied on
coverlnj. The new crop uontba were atlll
points net lower.
The -Liverpool cotton exchanr* remelned
doeed Monday, It will teopen Tneaday
and tha trade predicta an .felted market
on tha oMotof.
The American mark eta Monday, under tha
Infitnac* of favorable weather orer Sun
day, wera sharply lower durlox tb* morn
ing trading, the new crop* ihowlnc the
yreateet weakneea. October opened i point*
up at 1L28, eold off to 1LU and at tha
noon hour w»» eelllni at 11.22-
Jnly opened 1 point lower at 2M6, aold
olt to to. 92, and at noon was eelllog at
U.Ot.
At tha cloee In Naw York, the near
months were uncb*n**d 4 point* lower,
while the late poeltlone were IOU polnte
down.
Comparative recdpte at all D. 8. port*:
Net receipt*
Same day laat year U-MJ
Total recelpte for two day 1«.4»
Barn# daye laet year 2U ; ;
. Deere*** »- 151
Toul receipt! elnce Reptember
Same time Met year I-SilH
Estimated recdpte: . ™ 1%
New Orleana 1.825 ,0 1-525 .225
Oaleeelou 3.JJJ Jo 6,00# J-JJJ
Houston 8.M0 to 4.000 8.828
Mo.ement nt Atlnnta:
Receipts Monday
Same day laat year
Decreeee ... ... ...
Shipments Monday .
Eh me day laet year
Decreeee
Stock on hand
Same day last year
Increaae
190
... 190
...None
SPOT COTTON MARKET.
Lverpool, holiday.
Atlanta, steady: middling 111518.
New York, quiet: middling 12.15.
New Orleana, quiet; middling 12c.
Itoniton. ateedy; middling i:%.
Memphis, ateady; middling 11%.
S alveaton. Arm; middling 12%.
orfolk. arm; middling Me:
irannah, atendy: middling 11%.
Boston, steady: middling 1114.
St. Louis, steadyi middling 12c.
TODAY’S PORT RECEIPT8.
The following fable ahowe receipts at tha
porta today, compared with the same day
uat year:
,-Vlck ft Clark.)
New York. May 20.-J. 8. Bachc A Conc
pany: Fort recelpta for today eatlmated
at lO.OaO. against u.900 last year.
The forecast Is for fslr Mondsy and Toes-
day In the gulf states. Buyers are antlcl-
patlng their neede In cotton goods eeiy
freely, fearing that prices will go higher.
Consumption keeps active. .... ....
Exports of cotton piece goods of,all kinds
from United Kingdom In April showed. In
creaae of 78.961,ail yards oyer corresponding
period In 1908. _ ,, .
Lord Cromer estlmatea that Egypt* cot
ton yield in 10 or 15 years will be M.-
000.000 cantors. Tbs crop of today la about
6,550.000 can tar*.
Bale* of print rletha at Fall Rivet
week estimated at 250.000 pleres; 2O,0*~ -t
balance for future delivery, rxtcDdlnf weU
Into next year. Production and doUVema
for tka weak were eatlmated at 220,000
place*. Block* at Fall Hirer were eatlmated
on Saturday at 56.000 piece* of all kind*,
a lower rolume than any recent record.
Weather One and warm In belt Thin*
price* will be lower on realising but would
not henitate to take on cotton on tbe de
clines aa Improrement cannot come over-
night to tbe growing crop and the least
appearance of unfavorable weather will
bring about an advance. . ..
Cotton opened up under stimulus of a big
buying order by Rlordan and August by
Fahey, but afterward* aold off on profit-
taking and nailing by ring crowd on thr
better weather.
Tbe bull crowd came la. to get their cot
ton »>ark on the break thl« morning. Looks
almost Impossible to get hqy substantial
reaction. The advance In wheat, due to bad
weather In northwest, is haring effect on
cotton also. Better stay , on long aide.
Local crowd bought considerable cotton,
trailing the advance Just after tbe open
ing. Look to be selling It out now, hut
would buy It on any material break.
First government report doe Monday.
June S. Government's figures of acreage
and condition will bo baaed as of Satur
day, May 25. Only eight days remain for
reports to be filed. Hardly teems possible,
even with favorable weather from now on
acreage must be In doubt, since ao much
land remain* yet to be planted end aa far
as conditions goes, there la room to fear
for the government figure* may be better
than that of 1906—713—whl Is there will
not be lacking prediction* of aa low aa In
1909—74.1. It will be no consolation to
aborta to remember that the nctuul yield
In 1906 was only 10*4 million bales.
Liverpool la expect* _ .. _. .
ifter the holidays at orer the
nd i *
Clark.
tomorrow afl_.
advance In our markets, and people are buy
Injr In anticipation of strong Liverpool.
Weather Indications are for partly cloudy,
probably showari and cooler In central and
eastern belt, which may again sustain
market.
Expect realising. Only buying now Is In
anticipation of excited Liverpool tomorrow.
Think market baa done Its beat, unless the
weather takes a sudden bad turn.
Tupelo, Ml**., wires: "Three largest
S lantera of thla county tell us their cotton
ylng, caueid by taproot rotting; too much
w: 'The substance
by prominent cotton
men from Temple and Taylor to .New York
this morning are that the crop la the worst
In years. Four weeks late; planting and
replanting still going on. Fields grassy aud
condition less than 60."
NEW YORK.
^ The following Is th* rsags In eotton fu
tures in Nsw York today:
i| *
i|aT
li
U«7 • • . .
June • .• .
July . . , .
Aug
Sept. . • .
Oct
Nov. . . .
Dec. . . .
Jsn
10.ta11.66
10.90 10.90
10.9611.08
10.99 111, 00
11.09 111.10
11.29 11.29
11.1911.19
11.8011.84
11.4511.60
i5.w|iL66|io.96ta
10.90 10.90 10.91-94
10.90 10.98 10.96-90
10.M 10.89110.91-93
10.97 10.99 11.00-01
1U011.16 11.15-19
1L19 11.19 11.17-18
11.19 11.23 11.22-23
11.SSU.85 11.35-36
l6.94-ta
10.96- 96
10.97- 99
10.91-92
11.03-06
11.24-25
11.31- 32
11.32- 33
11.47-48
Closed steady.
New Orleana
Galveston ...
Mobile
Savannah ....
Charleston ...
Wilmington •<
1907
1904
f79§
8496
266
768
9
113
1617
1788
1660
941
• S
1010
2348
88
8210
11906
INTERIOR RECEIPTS
The following table shows the Interior
movement of cotton, compared with the
same day Uat year:
Houston
•t, UlleiWreWlfM.;
Cincinnati
L. H. FAIRCHILD A CO.’S
WEEKLY COTTON LETTER.
IDg On nonius, me iuus ruuus
,, and errry alight depression Ik met
with good buying. The damage reports
(ram nil orer the belt ire haring their
•ffeet. tod It half of these reports ere true
we cun not heller* that prices are too
high. The probabilities are that wo will
■tflkk the new crop with tbe emtlleat sup-
pi. of old cotton carried orer In tome
C anra, and with an erar-lncrcaalug conaump-
on and tha eoormoua demand (or dry
rioria It la only natural to aipact a higher
naata (or spot cotton nnloaa wt can ma
terially tncreaaa tho yield from the fields.
The outlook at thla lima la egalnat even
an arerage yield thla eeaeon, and wa doubt
whether perfect weether from now on could
bring tho crop up to tho etnndurd. The
weekly figures allow I deereaee In the
world'# rlalble for tho week of 123,0)0,
year nod 2#3,twf year before last. Ex-
- -o date hare now reached 7,922.550,
becomes moro evident every day
Tho government re
port, which cornea oot June 4, will proba
bly he not of the most bullish document#
published In eome yeera. end wa expect to
see higher price# before thla report la pub-
Uebtd. The loweat report published by the
gorernment on that data wee In 1908, when
condition* showed 74.1. and the crop turned
out 10,000.000 teles. It would appear that we
an In for a boll eeaeon In cotton, and that
the money la to he made on tbe long aide.
Short aalea appear dangeroua. even on tha
apurte. and w* continue to favor buying on
any moderate reaction*.
HAYWARD. VICK dl CLARK’8
DAILY COTTON LETTER.
New Orleena, May 20.—Tbe promlee nf
ratna over Sunday did ont materiality and
tlba led to milting thla morning of long
cotton taken on Saturday oo tha govern-
mtnt weather forecast*, rirat trade, la
our murkut warn at 10 to 14 point* decline,
followed by further lose. The market
ateedltd anon after on the weather fore
casts for tomorrow, promising Increasing
cloudiness In the western half of the IwlL
There wee alao tome buying In anticipa
tion of n atrong I-lrerpool tomorrow. That
market la expected to be sidled after the
holiday* orar the further advance In our
market. On tba whole, however, the fact
la that waetber condition! bare Improved
and while It may not tell aa long ae bullish
feeling le running ao -high. It ahould be
considered In due time. During the peat
forty-eight hoot there waa practically no
precipitation In the belt ootelde nf a few
VI8IBLE SUPPLY OF GRAIN.
Chicago. May 20.—Following la tha atnto-
ment of risible supply of wheat, corn and
out* at compared with laat week and laat
year.
I .ait FrcTlona Laat
Week. Week. Year,
Wheat 40,993,000 40,188.000 38.013.000
Corn 6,444.000 7.818,000 2,253000
Data 10,888,000 10.3U.000 10,578,000
COTTON SEED OIL.
Following la the opening and doting ot
tha Naw York cotton area oil market!
May 0 4r?'”-
July 56Ui
September ..66 i
October 60j4fi6l«4
.Vovciiiliee
December
Closed steady.
points In northwest Texas, the territories
aud Kerrvltlo, Texas. Generally fair weath
er prevailed and aaaaonable temperatures.
Indications art for cloudy and cooler, ex
cept fair in the southeastern states,. prob
ably showera In north Texas, tho terri
tories, Arkansas, and on tha extant of those
showers the fate of the market depends
for the next few days. On the whole the
market shows Indecision.
New York, May 20.—J. 8. Bache & Co.:
Tim cotton market waa extremely dull, ow-
Inc to tha fact that Liverpool waa cloeed
because of the holiday. Tha reports of bet-
tar weather conditions brought a sot-back
nt tha opening, which waa sharp In new
crop months. An Immediate rally followed
on rUqnS-bnytag and tha persistent sup
port 90 evident on ths decline* for the past
fortnight. At tiroes, a nervous market wa*
evident, with some outside selling. Weath
er news being favorable, and tbe forecast
for tomorrow clear, caused the selling on
allies. Wa believe ootton a purchase on
all declines, and think tha government re
port figures will Justify tha present ad-
ATLANTA MARKETS.
FRUIT AND PRODUCE.
EGOS—Active, I8e.
LIVE POULTRY—Hena, active, 40c each;
chicken,, active, 15Q35C auehl duck,, Pekin,
10a each; puddle 24c etch; gee**, full
frathurad, Joe each; turkrya, dull 12%c
"DRESSED POULTRY-Outae. undrawn,
active 10c pound; turkey a, undrawn, active
144117c pound; fries active* J6OJ0e pound;
*PltoDULa rd 10011c pound: hams ac
tive 16c pound; shoulders active 10011c
pound; aldea active 11c pound; butter active
900230 pound; beeswax active 25c pound;
honey, bright, active 10c pound; honey. In
1-pouud block*, active ll<fce pound; whlta
peas active 13.25 bushel; lady peaa $3.60
tusbal: stock $1.750115 bushel.
FRUITS— lasmons. fancy Messsns, $6,000
6.8; bananas, per bunch, cull*, active, $1;
straight* tVacjMund: pineapples. Cuban, t>er
crate, $3.000160; Florid*. $4.00; orange*.
Florida stock, owing to alt* and condition
on arrival,, per bos, $4.0004.60. Apples,
New York state fancy, $4.6007.00. Florida
honey peaches, $3.0004.00 par erat*. Grape
fruit, Florida atock. owing to alts aud
color, per box $1100$; limes, Florida stock,
per i» $1.60; peanuts, !o sacks averaging
100 pound* each, owing to grade, per poumL
•H0TV; dried apples, 70$*{o; %ried
peaches, ^lUfcc; prunes, 607Hc; cautaloupe,
V KG ETA BLEI*—Yellow squash. $1.800176;
white equaab $101.60 crate: cabbage, crate,
$2.60: per lb. In barrels* 2>4e; strawberries,
10015c: tomatoes active, $10002.50; potatoes,
new, $4.OO06.no barrel; onloue. I.oulnian.i,
$1.75 per bushel; Egyptian, 4c pound; old
Irish potatoes active $1.1601.20 bushel; cel>
i-rnir; iruurr. ununi, puitp. k.w>vo.w |wr
crate; kraut, half barrel, $176; beans, round
green. $2.00; wax $1.2601.50 create; aspara
lUCE-Jap 6fi
6HH7, accordlni
C1IEE8E—Fa
GROCERIES.
505Hc; head 6fl7c; fancy head
lug to the grade.
MR Fancy full cream dairy l#Hc;
twine l?V*e.
HUGAB—Htsudard granulated. 6*4c; New
York refined. 4*4c; plantation. 5c.
COFFEE—Roseted Arbuckles $16; bulk In
bags and barrels 12c; green 11012c.
Shredded biscuit $5 ca*e; No. 2 rolled oats
$3.25 case; sack grits, 96-pound bags. $1.R3;
crater*, full weight. $2 cn*e; light weight
$1.10 case; evaporated applet 7Xkc pound;
pepper 18c pound: baking powder $5 caae;
red salmon $5 caae; pink salmon $4.23 case;
Edited by
Joseph B. Lively
MARKETS
Mr Lively's twenty-five
j.. -xp'erlenca of ed
iting markets In Atlanta
and tbe Booth has mndv
him a recognised au
thority in ble specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OP STOCK.
Amalgamated Copper . .
Atlantic Coast Line. . ,
American Sugar Ref. • •
Anaconda ........
American Locomotlv*. .
dot preferred
Am. Smelting lief. . r •
do, preferred ••••.•
Atchison
di
Ajdsl.
Am. Car Foundry . .
Baltimore A Ohio . . •
Brooklyn Rapid Trau.,
Canadian Pacific . . .
Chicago and NorthW*fl«
Chesapeake A Ohio . .
Colorado Knel A Iron.
Central Leather ....
_ do, preferred . . ••
Chicago A Great W. •
Chicago, M., A St. P„
Delaware A Hudson. ,
Distiller's Securities. .
^ do,’ preferred ....
General Electric ■ • •
Illinois Central . • . ,
Am. lea Securities . .
UralsvlUa A Nashville.
Mexican Central . . .
Missouri Pacific ....
i'*W
S5
^otal *tf>ck sale* 930.000 shares.
30%
S58
73%
NAME OP STOCK.
N. Y„ Ont. AW
National Lead
Nortbsm Fadfic. , . .
New York CantraL . ■
Norfolk tc Western...
Pennaylvanla
People'a Oita
Preaaed Steal Car. . .
do. preferred. . . ■
Pacific Mali.
Beading
Republic Steel. ....
Rock I aland. ......
da nrafarred. . . .
United state* Bobber.
de. preferred. ..
Southern Pacific. . . .
Southern Railway,...
do. prefarred. . . .
Sleaa-SbeSleld
Tenn. Coal k Iron. . .
Texaa ft Pacific. ....
Union Pacific. .....
United State* Steel. . ,
do. preferred. . . .
Va.-Car.Cbetnlcal. ...
do. preferred, ■ . .
Western Union
Wabatb.
do. preferred . . ..
YVIacontln Central . ..
do, preferred ....
«
ft
LIVERPOOL.
Liverpool market doeed
Saturday and Monday—
Wbltauntlde holiday*.
NEW ORLEANS.
Hay - ;
Juno ,
July .
Aug. -
Sfr.
Nov. ,
Dec. ,
Jan.
tioaed barely
I II I ii
.111.53-60 11.68
.... .... 1L65-7011.80
1L791L7011.73-7$ 11.82-R7
1L491L62 11.62-53
.... .... 11^62
11.46(11.49 1L48-49
11.6011.67|11.53|lL62-53
steady.
!!:S‘ 70
U.C5-C6
11-63-70
NOTES ON GRAIN.
Pointers on Provisions.
(From Hay wan _
Chleifo, klay 90.—Bartlett,
Carrington: Tha trade seenu
look the one factor In tha grain altua
tion at tha present momaut that la most
menacing to the crops, and that la the
shortage, the precipitation west of the Mis
souri river and tha prospects of going into
the summer unprepared for the usual hot
and dry weather. Condition! are bec&mlng
very aerlous all through that section^ and
also In lown. The crops are going
ward ever; ‘ --
less
will ,
Feel very friendly to wheat and advise
its purchase around Saturday's closing
prices.
Think corn ami oats will follow wheat,
but consider Heptcuiher oats n purchase.
Would prefer to buy provisions on tbe
eak snots.
The Chicago Becord-Hersld: Contrary to
popular Idea, tbe large gains that
> in lown. me crops are goiug dbcb-
d every day on thla account, and un-
they nave Imuiedlute relief the result
be disastrous.
winnings will have to be paid r
by the cousumer, at borne or abroad.
tba meantime,
that have
carried In .
stocks anu by producers—probably over
100.000,000 bushels outside of farmers 1 hands
alone. Tha owners of tba visible and
OPENING IN WHEAT
WAS SHARPLY HIGHER
Russian and Kansas and Ne
braska Crop News Was
Unfavorable.
Chicago, May 20.—Wheat closed 1%01%c
er oaii gmue
6010c higher.
The public was not In the market on
large a seal* aa last weak, talk of tnnnl-
S ulatlon by Wall atreat reducing tbe or-
era. Cudahy sold a big line of long r-*-—‘
of the Heptember and December kind
was taken by aborts and Investors.
ports on crop conditions In Kansas were
pronouncedly bad.
Northwestern receipts were large at 660
inttiu«rtb* minV million, of bu.h.l. Sfc WJWjjdiWlUl HI a *,ek .go *»d
7*TttP S’.yiifiJK.Htt.BiSS?mm Prini.r)' rsc.l'nt. of whe»L AWOO bu*h.l.,
In ;ubllo *_nd {rirat, clsv* tort, mill „ „„ ,', 0 S30.OD0 bu.h.la gi
The visible supply of wfiest Increased
867,000 bushels and oats Increased 187.000
bnihcls for the week, whlel corn decreased
1,169,000 bushels.
country are largely wealthy eleva-
nple aud millers, who have hedged
joinings by sales for future delivery
In ths Chicago market or elsewhere, and
who are now depositing Immense auma of
mouay aa margins to protect these future
delivery sains, while at tha tame time
►haring lu an offsetting Increase In the
value of the actual spot wheat, which Is
advancing with forward deliveries. Tbe
owner of the cash wheat, however, suffers
an additional losa In the shape of an extra
high short rate tenn of Insurance, which,
of course, Is also more expensive because
lissed on $1 per bushel wheat Instead of on
90-esnt wheat, the basis on which It was
originally hedged and Insured. There Is, of
oQurae, a fairly large contingent of short
sellers whose sales do not represent any
thing moro than a gambling transaction,
and who have been caught for more or less
Urge louse*. This contingent, however, Is
but a small percentage of tbe actual busi
ness Involved.
There Is now no possibility of this coup-
r raising su svarsge crop of oats'* said
A. Fatten. "Texas, Oklahoma aud Kan
sas have been wiped off tbs map In so far
as shipments are concerned. I doubt If
Kansas will raise enough for her own
need*, while Oklahoma, and Tex** will l>#
buyers all year. Tbe Nebraska cron U go-
log backward every day because of drought,
rreen bugs and the recent hard frees**,
own, nor thorn Illinois and southern Wis
consin are ahowlng big loaaea by the
freealng weather recently experienced,
many field* showing big. bare apota. A
farmer friend waa In today, from Carroll
w up hi*
•ufncl.nt
h,lD to do It. Som* will tura to ttand
for b*rv,*t. W* *»ld 148,000 bu.hol* of out*
from our Peorl* bout* tod.jr to ,0 South.
Tho Bouth will b# * treniondou* buyer of
corn *nd out. lu tb# North throufb tb#
Prop your. Tbe rain* down Ih.re hire
been Jo oxpe.ilvo tb*t the South will not
lie eble to raise * deeent corn crop, that
section b.rluit .rent *u .xc.M o* tnolw
ture as other *ect|on* h*ve been deficient.
■The funner 1* not likely to hurry bl*
porn to uiurket tbl* yeur with out*, rye,
hurley and wheat away up a* they are
now/ .aid Corn 8peplall*t Homer A*h-
"Besides, porn brine, pretty food prtpe.10
feed to live .took, peyln, ^better when
marketed on tbe hoof. It looka very much
to me an thoo.h the corn pH would uoon
be getting aoinethlng of the excitement that
baa been running In wheat.”
L. H. Fairchild. Established 1889. S. J. White.
Xi. H. FAIRCHILD & COMPANY,
NEW ORLEANS.
Membnrn:
New Orient Cotton Excfc.nce- Itiw York Coffee Exchonx-
New York Cottou Kxrb*n,e. New Orlesns Board of Tr:„>
N.w Orient Stock Eictunrc ciiiexo lloonl of Traile.
LIVERPOOL COTTON ASSOCIATION.
Privet* Wire to NEW YORK mud CUICAUO. Order* Mllclte.) tor (more ,luil»-
. try m ntov* Exchtue. U. C. COTURAN.
coeo* 40c; phopol.to 83c; tnuff, 1 pound laru,
48c; rent t>ef 12.60 ee; corn*! beef 82.84
rate; euup ft-90 c**e; tlrup. New Or
ient. 36c fiallou; core 30c k»Uon; Cuba
36p ,allon: tb-or.la en* Mp gallon; elt.
100-pound, 60p: aile ,ree 81.74; *oda craPk-
era 6%p pound; lemon 7c; oyuter 7c; bar
rel candy, per pound, t%c; mixed, per
pound, 6%p: tomatoes 3-pound, 11.80 cue;
(l-|H,und, M.2S: uavy beuu. 82.40: Lima hcana
6<’; beat match**, per poll, 81.85; mearont,
cu’tiTc pound; Mnitnea, mustard. $3.25 case;
do!ash $3.2503.90 esse; pesnuts. 8c; r*»|K».
..nsriixss, wa. ss-ss si
ent 84 50: aprlng whet patent, 85.50.
CbUN-Na 2 white, 79c; choice white. Sip;
white feed. 66c; No. 3 yellow. 76,«: nilxe,l,
74c' prark*<l corn, per bnebel, 74c; bulla. 113.
CHIPKKN FEED-rifty.pound ecka 80c:
purine rlilek f-e<L $1.80; 51ctor feed, J1.30;
liraud fed. It.30. _
OATS—No. 2 white, 60c: No. 2 mixed. Be;
Golden oota. 59c; white clipped, 61c.
MBAL-I’lkln. P»t »*1«»nd aacku, 78c: 48-
round Mcku. 74c; plain. 20-pouud ecka, 74c;
'TS/aY —Ttmothy. choir* lara* balea. 11.34:
do. choice ainall bale*. 8I.S: No. 1, one
third balea. 11*1; No. 1, one-thlnl bele.
il.25. No. I Plover, mixed. 81.25; choice
prairie 11.00; Bermuda. $1 10.
SHORTS—Choice whit* 81.46; Texaa whit.
81.35; fancy. 80-pound. 11.40; brown. 80 to MO
“ * PROVISIONS.
PROVISIONS-Suprem* hums !8%e; Ul-
lie. 204(» pound., average, 10.07%; fet
loieks, *.17%: plate, 8.17%; Supreme lard,
I Purity compound. 100%; r'nllfornU
\ hums. 20.50: dry elj^eitra rtlm, fc87)L
i l-'ISII—Rnani 7c pound; snapper 10c
i I'Ouud; tnoit 8c pound: blue fi«h 7c pound;
| poinpano 25c pound: mackerel 1J%* pound;
I uilxr.l Bah 4c pound; freak water trout 8c
poupd.
CHICAGO GRAIN MARKET.
. nre as follow*, compared with
yetterday't cloee:
Prevlou*
Sept..
GREATEST MARKET IN YEARS
EXPERIENCED LAST WEEK.
Chicago, May 20.—The Chicago Inter orenn
Monday morning nays: A buying erase lu
wheat waa on In full fore* laat week. Tb.
grattett market In year* we* experienced.
Tho volnmn of hualneu wa* to large that
tho trader* In the pit and the rlerk* In
the commlmlon houte* wore unable to take
car* of tt. What price* will do In tbe
futur* depend* purely upon the attitude
of th. public. If they continue to buy, with
tho urn forco. that characterlaed their
operations laat week, prices will .go higher.
•ell
pro . m
I00,000.00*.huahel ohortage in tbe winter
wheat crop la shown In tba lucreaaed trade.
Southern Kanaaa hut a very low condition
due to the hnga and (reeling temperatures,
the full extent of which cannot be deter
mined until harre.t, whan It la expected
tbat a vary amall vleld will reanlt. In
the Northweat, aeedlng ha* progretaed
under th* moat unfavorable condition* ever
existing to Minnesota. Tb* Dakota* and tbe
Canadian territory, higher
nadlatj Northwest will
have only half a crop under tha moat favor
able conditions It will bava to be demon
strated by tba harvest return* before the
full advance to bulla* claims esn be realised
unless the puhlle keeps up Its buying. He
qulremeuts will be large and thb European
cron Is estimated at 100.000,009 to 175,0i>).000
bushels abort of last yeay.
"Tliere will lie no Liverpool cable today,
but the continental markets will be
WEATHER REPORT.
8TATE FORECASTS.
Georgia: Fair tonight, cooler Is north
portion; Tuooday fair.
Houth Carolina: Fair tonlgbt, cooler In
northwest portion; Tuoadgy fair.
Alabama: Fair tonlgbt tad Tueaday.
WEATHER CONDITIONS.
An exteaatva area of high preaauro cov
en moat of tbo atatta »**? of tho Rocklee.
with Ita center near nuron, 8. Dak. An
area of low preaiure la centered In New
Lnglnnd. canting cloudiness abd rain Is that
section. A aecond low area I* centered
near Modena. Utah.
Low temperature* prevail In the region
of blgheat barometer and froet occurred In
Mlannaott, Iowa, northern Illluol* and
Michigan. Over tho aoutb tbe tempera-
turea are more seasonable.
Clear weather prevail* over moat of tho
map, and little or no rain - hat fallen
aouth of tho Ohio In the laat twenty-four
hour*.
COTTON REGION BULLETIN.
STATIONS
ATLANTA
DISTRICT.
•Atlanta, pt. cldr. ...
-Chattanooga, cfdy...
Columbia*, clear
Gainesville, clear ....
Greenville, clear ....
Griffin, clear
•Macon, clear
Montleello, clear ....
Newuan, clear
Rome, clear
Spartanburg, clear ..
Tallapooaa, clear ....
Toeeoa, clear
Weet Point, clear
III
TIPS FLASHED
From Wall Street
fippclal to Tbe Georgian.
(From Ilarword; Vick A Clark.)
New York, May 20.—J. S. Bacho & Com
pauy: No London mnrket today.
Action of mrirknt Saturdny was \ * r\ • 1!•-
appointing, probably based on foreknowl
edge of the arrangement ot the Standard
Oil Company.
The drop In grain and favorable banks'
statement did not have the desired effect,
und stocks wore pressed f<>r snb\ Itoports
of financing by traction companies helped
along decline. Good stocks show bettor re
turns than money rate*, but fear that rail
roads will feel the effects of rate legisla
tion and earnings fall off correspondingly,
acta as a deterrent on Investments. Bearish
on weak spots.
tire belt for today and Tuesday, and further
Habersham King’s report Of Saturday say
ing damage overestimated Is having in
fluence.
The New York Financial Bureau: The
market Is likely to remain, as a whole.
In the trading range, with a sagging ten
dency, followed by rallies when oversold,
and we commend to your attention 2he wis
dom of adhering to the professional* Inter
pretations of tbe maintenance or removal
of limitations, which policy has proved very
good. On any break today purchases with
a small stop order should be made for a
moderate turn In tbe standard dlvldeud-pay-
stocks.
_^e Brooklyn Bapld Transit new financ
ing will probably cause an attack If the
pool refuses the 57 support. Bumors of new
United States Steel financing will be taken
advantage of by the professionals to ham
mer that Issue. Support Is around 36 now.
Bear element will try to break the 141 level
support of Union Pnplflc before It ran ac
complish much. Amalgamated Copper con
tinues to be well bought around 93. Hear
tips are noted on Smelting In professional
quarters, but the low limit of 125 must
first ba .
w
t be removed before the bear crowd
i do much. Atchison and Baltimore and
ana Northern Pacific contlnu* .reactionary.
Those who sold Saturday should cover on
weakness and then put out again on ral
lies. Great Northern preferred gets some
rt around 130. The technique of I'cnn-
jla Is not strong. Bending Is held be
tween 106 and 110 as yet. Southern Pacific
seems to be in a sagging tendency.
London, holiday.
Town Topics: Good stocks are about'
low enough, and, In the event of any far
ther setback of even moderate proportion*
Individual stocks, like the Interhoro,
Chesapeake and Ohio, New York Central.
Colorado Fuel and Iron will be subject of
liquidation, and consequently will. In a)!
( rohablllty, react considerably further, but
n securities such ns those first named, li
quidation has been practically complete, and
they shonld enjoy a rally of fair propor
tions during the week. The more favora
ble weather conditions reported In the West
will do wonders for the grain crops If con
tinued for a few days, and tbe grain bulls
who hare been shorting the stock mnrket
will be Inclined to cover.
IiOtidon trading resumes tomorrow, and
should be the causa of renewed buying for
' rn account.
:e profits on bulges In cotton and wait
for a good reaction before buying again.
We would not advise buying wheat, ex
cept In case of a sharp break.
THE COFFEE MARKET.
New York, May 20.—Coffee cables: Holl*
sy in Harre aud Hamburg.
Rio—Exchange 15)4* receipts $.000; stocks
164,000: market quiet; shipments to the
United States 1.000; total clearances to Eu
rope 3,000; to Cape, 4,000; to United States
’’Btnton-Reeilpt* 89.000.
J to P»ulo—Receipt* 20,900.
UUfil.br—Recript* 28,000; dock* 2,433,000;
m.rket Sim.
8*uto*-CI«*r*nce* to tb* United State*.
63,000; total, 292,000: thlpmant* to tb* United
State*, 43,000; to Europe, 261,000.
Tbe following figure* give tbe opening
rango and clot* ol tbo N*w York coffee
market for today
OPENING PRICES
GENERALLY LOWER
Greatest Declines Shown in
Pacific Rails in Early
Session.
NEAR TWO POINTS OFF
Majority of Other Issues
Were Down Fractions.
Con. Gas Higher.
New Tork, May ».-The atock mark,,
wa* generally weaker this morning than it
ba* been for tbe prat ten day*. That |.
to s*y, moro real liquidation appeared, and
there being no I tetter tupport and no let.
up In the effort* of bearish operator., tha
re.latance waa poorer tbau bad lieen
*bown at any atage laat week. The trould.
with the itoek market teemed to lie main
ly wltliln, rather than without, tho stork
exchange. There were many evidences that
certain Inrge tpeculaUva Interest., who had
been aeverely hurt In tbe panic of tm!
month* ago, and who have been endeavor"
Ing on every occatlon .luce then to lighten
their load, were preealng their atoeke for
■ale with more urgency. Liquidation of
this .pedal character aeemefi to ho the nrln.
clpnl factor In the we*kne»i of tho rail,
rond (bare*, which were more than 2 point*
New York. M»y 29.—The *tock market
opened reactionary. Union Pacific .tnrted
In % point lower and loot In all V i„.
terhorough openad % lower, Smelting %.
Heading and Chetapeake and Ohio %, New
York ('entral, Groat Northern preferred %
and Atcblson, St. Pant and Copper % lower’
Steel common opened % lower and ad
vanced %. Colorado Fuel unchanged.
SUMER GOODS DEMAND
STEADILY INCREASING.
January ..
February .
Mareh ..
April .. ..
May .. ..
Juno .. ..
July
Anguat ..
September
October ..
November .
December
Opening
Bangs.
..5.86-5.45
..6.364.45
..5.46-5.50
.75.604.65
..6.454.55
..5.464.50
..6.804.40
..5.354.40
..5.804,40
. .5.30-5.40
..5.354.40
Close.
6.404.45
5.454.50
6.454.50
5.504.55
6.604.66
5.464.50
5.45-5.50
6.864.40
6.364.40
5.864.40
5.35-5.40
5.354.40
Closed steady. Sales 22,750 bags.
VI8IBLE SUPPLY OF GRAIN.
Visible supply shows wheat increase 857.-
000 bushels; corn decrease 1,169,000 bushels;
oats decrease 187,000 bushels.
•Minimum temperature for «be 12-hour ds
Hod ending 8 a. m. this dste.
... HEAVY RAINFALLS.
Kerrvllle, Tsx„ 4.82.
DISTRICT AVERAGES.
CENTRAL
STATION.
Atlanta 7
Augusts ......
Charleston ...
Oslvestoa
Little Rock
Memphis ..
Mobile .....
Montgomery .
New orlesns..
Oklahoma ...
Savannah ...
Vicksburg ...
Wilmington .
Temperature.
Max.* Mln.*»
M
22
||!
ill
7f
T. Indicate, Inap
Remark*.
Somewhat higher t.mperaturea are re-
ported from ea.tern dlatrlcta; atatlonary
lo lower In central and western dlatrlet*
of the belt. Light rain* have occurred lu
Text*, Oklahoma and Louisiana.
J. B. UARBURT.
Section Director.
THE SUGAR MARKET.
New Tork. May 20.—Local refined and
raw augar market! are iteady and un
changed.
"naval storesT
;o.tn firm; aalea I.2S8; receipt* 1,247;
wlndowglaa. 3580; waterwhlte J5.7S: M.
88.70; N 16.50; K 85.45; I 85.20: II 64.90: G
jj.88ilMH.78; E 84.70; l> it.5064 55: A B U
HAYWARD, VICK & CLARK,
COTTON, STOCKS, BONDS, COFFEE, GRAIN AND PROVISIONS.
Carondelat and Gravler St*. New Orlaan*.
MEMBERS:
B ew Orleac* Cotton Exehang*. I New Orl.an* Future Broken’ Aauadttlua,
ew York Cotton Exchange. I New Orleana and Chicago Board* of Trad*
a ilraaton Cotton Exehang,. I New York Coffe, Exchange,
ouiton Cotton Exehang*. I Aiaodat* Member* " *
Jouiton Cotton Exehang*.
Naw York and Chlcm
i Liverpool Cotton in'*
, - ”? r .._ nna Chicago Correapondents.
J.fe BACHE & CO. AND BARTLETT, FRAZIER A CARRINGTON.
PRIVATE WIRES TO ALL POINTS.
W. J.
Accountant and Auditor,
1114 Fourth National Bank Buildinz.
REFERENCE: D*ll l'hon* 11U ' * rnr ?XTei . .
Atlanta National Beak ATLANTA, QAa
PRIMARY MOVEMENT.
Tbs following figures give the primary
movement of wheat and com today:
Wheat—Receipts 938,000 bushels; shipments
258.000 hashela; last year, receipts 310,000
bushels; shipments 861.000 lmshcls.
Cum—Receipts 568,000 bushels; shipment*
J03.000 bushels; Inst * *
bushels; shipments
THE METAL MARKET.
New York. May 20.—There wss little or
no business In the metal mnrket today, ow
ing to tbe holiday abroad, and prices In gen
eral were unchanged, with the exception of
tin, which wss easier, at He decline.
New York Commercial: The reorder de
mand for all lines of summed goods Is stead
ily gathering In volume aud the mnrket os
staples as well as other lines shows a de
cidedly hardening tendency. Minor ad
vances are reported dally on various lines,
showing plainly that the goods are working
into a stronger position and that manufac
turers hare absolutely no fear ns to ths
business of the future. Domestic staple
cotton goods lines, such as sheetings, drills,
etc., are firmly held and on some lines ad
vances of He are reDorted. The export
trade, or rather lack of It, is cutting nlmo-
lutely no figure In the market here and ths
only thing that appears to bother the manu
facturer of cotton goods nt all Is thp
scarcity of lalmr and the difficulty In hold-
. . f orc€B together. Wages are
_lgher level than /they were a
year ago, according to the statement* re
ceived from the different mills, and in ths
South these higher wages are said to r**-
suit In the operatives working only three
four days a week and loafing the hil-
e. Jobbers are busily engaged In han
dling cummer trade, although retail busi
ness has not opened up In full as yet, whlis
st the same time they report very satisfac
tory orders for tho coming fall season.
From present Indications It looks as If a
high level of prices would be maintained
throughout the entire summer season, and,
unless some unforeseen developments occur
are likely to be maintained throughout tho
coming fall and In fact up to the cud of the
year.
Print Cloths Hardening.
There Is a decided upward tendency fa
ns 4c. Buyers complain that they nre har
ing much difficulty In finding a 28-Inch
64x60* for spot under 4 9-16e, and state that
4H<? has been paid for late contracts. There
Is a good demand for wide goods nt <;*c
for 89-Inch 68x72s for spot delivery, with
38H-lnch 04x64s rullhg strong at 7c flat tor
delivery up to March regulars are selling
tt 5Hc.
THE LIVE STOCK MARKET.
ts 42,WO.
Market^
mixed
6.20;
good ,U XHW.V.,
Csttle—Heoelpts 2S.0.U Market Atrongto
10c higher; beeves $**>06.50; cotrell.VWtf 1 :
CHICAGO CAR LOT8.
Tho receipts _of jrrsln ln csr jots t«l»]
follows:
TOO receipts or grain w car
and estimated receipts for tomorrow sr*
Today. Tomer.
Wheat .....
Corn
Oats
Hogs, bead
THE AMERICAN AUDIT COMPANY
Home Office, 100 Broadway, Now Tork City.
F. W. LAFRENTZ, 0. P. A., President.
C. E. Mnnwaring, Vic* Pr**ident, Thao. Coeheu, Jr., C. P. A., Stc. ond Tr**n
BRANCHES
ATLANTA—Fourth Natl Bank Bid*.
CHICAGO—srarquetto Bulldin*.
PHILADELr-HA—Beltevue-Stratford-
SAN FF.ANCISCO—Belden BulldinA .
NEW YORK—Wildorf-Antorin.
BOSTON—Exchange Building.
WASHINGTON—Colorado Building.
NEW ORLEANS—Hennen Bulldtnff.
BALTIMORE—Fidelity Building.
LONDON. ENGLAND—4 King Street. Cheaptlde.
ATLANTA BRANCH 1015-18 Fourth National Bank Building.
0. B. BIDWELL, Resident Manager.
Telephone, Main 872. Ctbl* Addre**. Amdlt, N. •
FRANK HAWKINS, Prealdent. „ ....
H. M. ATKINSON. Vlre l’rraMent. THOMAS C. ERWIN, Crahlrr.
It. w. DYERS, Assistant C»*hl«-
JOSEPH A. U'COHD. Vice-President
Third National Bank
Capital - - - - $200,000.00
. Surplus and Profits $400,000.00
DR. A. W. CALHOUN,
MILTON DAKGAN.
JOHN W. GRANT.
II. Y. M't ORD.
ALONZO RICHARDSON & CO.
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 853-