Newspaper Page Text
>'.
—
THE ATLANTA GEORGIAN AND NEWS.
lTKSnAT, MAY 21, 1907.
13
WAS JJNEXPECTED
Reflected in a Slight Decline
in American
Markets.
NEWS AND GOSSIP
of the Fleecy Staple.
Special to Tht Georgian.
fijom Hayward, Vick & Clark.)
Now York, Mar M.-J. H. Bach* & Co,
Urrrpool wna dae 14 to lit advance" o
J 11 ,' 1 •- 1 blKlii-r on late. Opened
At 12:15 p. in., steadj * to *
quiet 3 lower.
on ,, ne . rtr «nd 1 to i’iower'oii'lnte
.HUM! higher
WEATHER FAVORABLE
Firmer Feeling Developed
in Late Morning Session.
Decline Recovered.
v.w York. Mar M.—Bualnoaa at tbo open-
in. „i the cotton market this morning war
intlra and prlcea were down 4 to 7 polnta,
iniiicnc-ed hy Urerpool cables, which were
aiitlnctly worae than bad been expected on
the late positions. Following tbe call pres-
•ora on October weakened the Hat. and new
Sop optlona declined to a level, 8 to 10
oelnta under the rloae yesterday and a loss
it ! polnta ou July.
Urerpool waa expected to Bend encourag
ing advices to tbe American markets on
ti opening ou Tuesday. It waa due to
open H4»2’4 points higher on the near
and 5S6 points up ou the distant months.
At 12:15 the near poaltlona were 461 up,
white the new crops were 168 points
lower In the later session, howerer, there
wee a sharp rally, nnd the done was
itroag 34(164 points above the previous.
The following Is tba tonga In tha actlr*
: Liverpool today:
Open.
January-February ....6.01
ilar J'ine . J.4*
&«aiber-:::l,8
III cb.
6.09
155
6.40
6.14
lilt,
if
IS
lag middling 7.01, the hlghoat so itr
reached. Business was decidedly light at
4he advance, spinners taking only <,000
* Voder the Influence of the unexpected
weakness In Urerpool, said to be caused
!,r the bull leader ndvlalng prollt taking
ob tbo more favorable weather, New York
opened l«8 polnta lower, aud lost 264 polnta
additional, when a rally occurred, carrying
prices nlKivc the clooo of Monday during the
°Ttie"cfoae'lVS'aw York futurea waa b<rely
•teedv net 14 to 18 polnta lower aa com
pared' with Monday's finals.
Comparative raoelpta at all V. 8. porta:
Set receipts Tuesday 12.887
Bime day lust year 1<.929
Decrease 4^33
Total receipts for three days 28.788
same days last year 38,507
lrccrease 9.744
Total receipts alnce September 1....9,552.307
Seme time last year IfliHS
Increase 2,178,887
Spots, small Inquiry at 6'
At" .Si! 1 middling. 7.01; uln 8,odo, Anicri
can 6.JOO; apoculallon and export, 500; Ini
porta 80,000, American 28,000.
. JL?, rt . ‘“’■l' cat I mated at 12,500,
against 10.929 last year.-
Liverpool cornea lower on the new prop.
Some selling on the other aide, realising
lieinuae of better weather conditions. We
think prices wilt he reactionary today.
Would, howerer, buy on these declines, for
at. any time will occur n change for the
worse In weather conditions, aud the dim*
age has. been too great for conditions
remedy In a week.
luithnm, Alexander A Co. any 84 per cent
derrense in acreage. Crop two weeks late.
Acreage 21,874,000, a
Looks pretty well .... ..
good commission house buying with the ring
generally of the opinion that the bottom
has been reached for the day.
I "Mowing are 11 a. m. hide: May 10.f
July 10.96, October 11.14, January 1L81.
New orleiua. May 21.-IInywnrd. Vlcb _
,.. rl Si J**? \ ork Wlrea: “The continent
sold 25,000 October In all; sloo good seller '
Aflfust.”
"Price advises tak
GOVERNMENT WEEKLY
REPORT ON WEATHER
Alabama—Tbe temperature was below
normal, lmt was rlelnK gradually at the
dote of the week. The morning of the 17th
was unusually cold. The rain of the 14th
and loth waa the ouly general precipitation,
but It exceeded the weekly normal In the
extreme south and canned damage by wnah-
tng land* and overflowing ntreams. The
•aunshlne waa about tne average*. *
Arkansas—The forepart of the week wna
unusually cold, with light froat In the ex
treme western portion, but the latter part
was warm. The mean temperature was r *
low normal. There were light showers
the western portion Tuesday nnd general ...
some eastern counties henry rains Wednes
day. The rainfall was below normal In the
western portion and above iu the eastern.
Sunshine waa abundant nnd the weather
-aa generally favorable.
I lorldn—The forepart of the week was
warmer than usual, except In the extreme
western portion, but tbe latter part waa
generally cold nnd the average temperature
wna below normal. Scattered showers oc
curred from the 16th to the 17th, mostly In
northern and ceutral eon lit leu. The sun
shine wal about the average.
Georgia—The 16th nnd 17th were unusually
cool, the temperature of the remnluder of
the week being nearly normal. The mean
wna generally 2 to 6 degrees below normal.
Tbe week waa fair with abundant sunshine
above normal except In the <
-- r — —aj portion.
Heavy rains fell In the extreme western
aud southern portions.
Texas—Showers occurred on'two days nnd
the rainfall waa generally deficient, but
none wna needed except lu western ooun
ties. Mean temperature was 3 degrees to t
degrees below normal. There were several
cloudless days nnd tbe sunshine wan above
normal, renditions were very favorable for
farm work. Light frosts occurred lu the
northern counties on the 15th.
North Carolina—The. temperature was
nlMiut normal, the week being characterised
by warm days and cool nights. Tbe rain
fall was exeesslre lu eastern ^unities, but
elsewhere was generally below the normal.
Sunshine was abundant except In eastern
districts, where It was obonf normal.
Oklahoma and Indian Territory—The tern
pernture wna lielow the uormnl. the sun
shine nearly normal. The rainfall was tin
evenly distributed and generally deficient.
Tbe forepart of the week was eool and
cloudy, with light to excessive showers.
*‘~tnaglng hall fell over scattered areas.
;ht to heavy frost occurred ou tbe loth,
e latter part of the week waa warm
nnd clear with drying southern winds.
Louisiana—Thd temperature was 2 to 5
degrees below normal, nrtly cloudy
weather with moderate to heavy shower a
prevailed ou the first two days, .but the re
mainder of the week was clear and cool.
The sunshine exceeded the normal In all
parts of the atnte.
Wfrt jfftgtpgj nn(J heavy
pt on the coast, where
inpy were iikui. The .remainder of the
week was fair with abundant sunshine,
Wednesday nnd Thursday were unscasonn
bly cool, the closing days being warmer.
The mean temperature was about- 4 degrees
below normal. Ixiwlnuds are overflowed.
South Carolina—The weather whs genet
ally favorable with much sunshine fit the
western half, hut with considerable rloudl
ness In the southeastern portion. The mean
temperature wna below the normal, the
nlghta having been unseasonably eool during
the middle of the week. A large portion
of the state received no rnln, and the rain
fall was light In remnlnlug portions.
Tenuessee— Low temperatures prevailed
from the lath to 17th. and there were a few
reports of light frost, but on the Inst two
days the temperature was considerably
. **-- - -* " ■ *•- the
Estimated receipts vyednesdAjr:
8,000 to 3.500
1,000 to 2.000
1,700 to 2,000
»w Orleans
Galveston ...
Houston .....
Movement at Atlanta:
Receipts Tuesday
Same day last year ...
Decrease
Shipments Tuesday
game clay last yesr
Decrease
Stock on band Tuesday .
Same day last yesr
Increase
Da mi
The 1
SPOT COTTON MARKET.
Liverpool, steady: middling uplands 7.01.
Atlanta, steady; middling 1115-16.
New York, quiet; middling 12.06.
New Orleans,, easy;, middling 12c.
Galveston, steady; middling W4.
Bavannsh, steady; middling 114.
f'barleston. firm; mlddllng.114-...
Wilmington, ateady: middling 114.
Norfolk, firm: middling 13c.
Augusta, Steady; middling 124.
St. Louts, steady; middling 12c.
TODAV8 PORT RECEIPTS.
tha following table abowa receipts at th,
pert • today, compared with- the aa me day
uit year:
1807
190$
New Orleans. . . . • .
Galveston
Mobile . .
Siivmiuah.
I'barlentmi .
Wilmington. . . , . . .
Norfolk.
Boston
Philadelphia .
Various . .
rariflo ronat
1
2334
iii
874
’*76
2412
«
868
489
258
456
1409
75
“’i
Total
12337
16929
INTERIOR RECEIPTS.
The following table sbowe the Interior
movement of cotton, compared with tha
same day laat year:
1997
190$
Houston
Augusts , ,
Memphis. ........
Louis
Cincinnati
«
664
si!
3328
443
S
268
Total
6364
6405
HAYWARD, VICK A CLARK’S
DAILY COTTON LETTER.
Sen- Orleans, May 21.—A disappointing
Urerpool, with futures about 3 lower than
i nt Y 1 ™ nt Inus«l favorable weather In
the belt, caused further esslness lu the
market. The tendency Is to realise on
•Hurts and to replace on the acnledown.
Liverpool cables fliat tbe New York bnll
I!? . w*s advising to take profits, which
checked that market. Weather condltlona
® ptat* twenty-four hours were
Q»«lt* favorable. Hardly any precipitation
occurred nnd temperatures omderate. I’art-
V,cloudy weather prevailed and la Indl-
cjted for the next Uilrty-alx hours.. After
opening our market recovered bn sup-
r P°rt by room traders, who were working to
Mt up to sell on. Latham. Alexander
x ' n ■ acreage estimate of 3* per cent
■m »** from last year brought some out-
•"!« buying, which waa soon satisfied at 10
points advance. Trading la undecided In
«nd suggests long liquidation on
"S fa ™rable turn In the weather.
• ,* '°rk. May 21.—Liverpool ruled lower
". l1 '! new crop months and our market
JggJjJ Jlowu. Home real!slug
Jaw .weather condltlona brought shout
wninjf in Liverpool. Heavy sales In Octo-
sl,L - v . p,r traders had n depressing In-
- n,> in the first half hour, tint after
I-
A ItnosnVRPmHHHi
* n the lielt for today, temperatures
* ** lo .wer and unseasonable. Private
cRtlmatea In anticipation of the gov-
rnment report show a decrease fn acreage
nr, *8® per cent, nnd private advices
" .u ^P *>ra bullish. The liquidation
JL.P* *dvanee during last week was snffl-
E™ * bring a fair setback in prices.
jSL.rae uncertainty of preseut weather
conditions are well known, and conspire to
R'*, ,u PPort to the market nt present
6ht« • t,,, buying on all fair
THE COFFEE MARKET.
New York, May 21.—Coffee cables:
Havre, at 10 a. m.. market steady: noon
unchanged; sales 12.000.
Hamburg, 10 a. m„ market advanced U
pfennig: sales 11,000.
Hlo receipts, two days, 11.000: shipments
to Cnlted States 1.000; Europe 1,000; stocka
872.000; market steady.
Santos receipts, two daya, 44,000; stock*
2,413.000; market quiet. ^
Hno Paulo receipts 45.000.
Jundlahy receipts 39.000.
Hally weather, fair.
The following figures give the opening
range and close In the n “
market for today;
Sew York coffee
Opening
Hange.
,.5.40-o.5<
May .. .
June .. ..
July .. .
August ..
September
October ..
November
December
..5.45-5.56
.. 5.35-5.45
,.6.35-5.40
..5.35-5.40
..5.35-5.40
..5.35-5.40
Closed quiet. Hale* 19.760 hags.
5.30- 6.35
5.40- S.45
5.45-5.50
5.60-5.65
5.10-6.50
5.40- 5.451
5.30- 6.36
5.90-5.35
6. JO-6.35
6.30- 6.36
5.35-6.40
ATLANTA MARKETS.
FRUIT AND PRODUCE.
ROGB-Actlr". JOIfe
tilVB POl’LTBT—Htn*. xctlr,. 40c Mich;
rhtckPiis. active. 156*" e«"l>l Hucka- Pcktn,
Sm- earh; nuilille 25c each: gccie, full
fathered, 40« each: turkejs. dull 124c
pound.
FttBESSED P0ULTBY—Qccsc. undrawn,I
active 10c pound; turkeys, undrawn. acUvsl
14617" pound;'fries active, 25680c pound;
rnoOH^E-Idri 10611c pound; Pants net
tlve I«c pound: ahouldera active IOC tic
pound; sides active 11c pound; butler active
5)flf-2c pound; bceawnx actlva 25c pound;
Kiel: stock 11.7662.15 bushel.
Florida stoek. owing to alae and condition
ife'-ISrml
,y peaches. W.0064.00 |ier crate. Grape
fndt. Florida stock. owl„, to .lxe aud
color, per box |2.60£3; llmea, Florida stock,
her io6 81.50; pesnute. !n ssoka averaging
Brsr 7#
tocbM. 114c; prunes, 6«74o: cantaloupe.
BVEIIKTABLEF-Yellow aqbaah. 81.5061 73;
loifflic;'tomatoes active, 62.03fj2.6O; potatoes,
H. Fairchild. Eatabllahed 1885. 8- Whlta.
L. H. FAIRCHILD & COMPANY,
NEW ORLEANS.
.. Members:
vl w 2 r *rana Cotton Exchange. Now York Coffee Bxcbanf*.
ill Cotton Exchange. New Qrlrane 18i»rd of Trade.
Orleans Stock Excbaogs. t’hlcago Board of Trade.
LIVERPOOL COTTON ASSOCIATION.
, r , , ’ rlT *'e Wire, to NEW YOIIK and CUICAOO. Orders Mllclted for fature dsllv-
•r» ou abe T « ExcUinaes. **•
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-flv#
years' experience of ed
iting markets In Atlanta
and the South has mads
him a recognized au
thority In hla specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
Amalgamated Copper .
Atlantic Const Line. .
American Sugar Hef. .
Anaconda
American Locomotive.
do, preferred . . ..
Am. Smelting lief. . .
do, preferred . .
Atchison
. Up. preferred ....
American Cotton OU. .
Am. Car Foundry . . .
_ Iron.
Central Leather ....
do, preferred ....
Chicago & Great W. .
Chicago, M., & St. P..
Pel —
Dls
Brin .
do, preferred
;; : :
^«i.ifr..T)iafc.
Mexican Central .
Mlsoourl Pacific ,
Total, .tuck an lea 1.228.200 alinroa.
m
NAME OF STOCK.
N. Y.. Out. & W. . .
National Lend. . . .
Northern 1'aclfic. . .
New York Central. .
Norfolk & Western. .
Pennsylvania. . * . .
People's Gas
Pressed Steel Car. .
do. preferred. . .
Pacific Mall
Beading
Republic Steel. . . .
Hock Island
do. preferred. . .
United States Hubbe
do. preferred. . .
Southern Pacific. . .
Southern Hallway. . .
do. preferml. . .
Slofls-Hliefrteld. . . .
Tenn. Coal A Iron. .
Texas 4c Pacific, . . .
Union Pacific
United States Steel. .
do. preferred. . .
Weateru Union.
Wabash
Uo, preferred ,
NEW YORK.
tores In New York today:
Closed barely steady.
11.17
10.71116. fa-75
10.36 10.73-75
i\M ri'.OS 1L0S-00
16.96-64
10.91- 94
10.95-96
10.92- 93
11.00-01
liudi
1U7-18
11.22-23
3111.19-30 11.35-38
LIVERPOOL. *
The following figures give the opening
range and close, compared with yesterday:
Futures opened quiet and steady.
Opening Previous
Range. 2 p. m. Close. Close.
May
Mny-Junc... __
June-July... 6.38
July-Aug.... 5.33
Aug.-Sept...
Sept.-Oct....
Oct.-Nov....
Nov.-r
uec.v r
Jan. Feb.... C.01
Feb.-Mar.... 6.03
Closed strong.
48
let.-Nov.... 6.06 6.0fli
S’ov.-Dec.... 6.03V^-6.04 6.03'
I>ec.-Jan.... 6.02 -6.02V4 6.02'
NEW ORLEANS.
ire In rottoo fu-
g«v~: rff.MTfi.'K
June
July.. . . .11.8311.91
Aug.. . .
Sept 11.6611.66
Ort 11.4411.68
Nov
Dec. . . . .11.89 11.49
Jan. . . .111.44111.48
Cloaeti steady.
I |ll
U.B0|U.50flt.d^
ltfa ii'.T6 1L76
iLaln.oii‘.8-
ii.nrii.36n.i6-s
iisyisi
inn5
TIPS, FLASHED
From Wall Street
Special to The Georgian.
Market
decline s!
bight
Hayward, Vick & Clark.)
>rk. .May 21.—J. H. Ruche A Ca:
i-nernlly higher for American^ blit
i»| strength,
not surprte-
uarket Is ubnost at tbe
merry or operators for n decline and they
are pushing the advantage obtained. Stop-
orders are being caught. and.untU these are
out of the way no .hope for betterment Is
possible, * Note Issues, poor crop Outlook and
fear of depression In business are the fac
tors. Hallies will com*, but a'lower level
generally Ih regarded as Inevitable. Stocks
are u sale on rallies and n purchase ou
weak spotr for tin- time being.
Short covering still going on. Soma sup
port appeared In Union Pacific and stayed
the course temporarily.
' New York- Financial 'Bureau:- London
higher. Atchison up V&. t'nmullnu Pacific 44,
Heading *4. Union Pacific V Southern Pa
cific >4. Pennsylvania St. I’uul H- Steel
down H. Erie down *i. , , •
Union Pacific may be Jnmmed down a
little further by professionals nnd will be
•old on all rallies for a time. Heading Is
nlgnmated C
ren In, strong stocks.
C.'opper, Will likely go
Northern Pacific and
TRADE IN STOCKS
AT START
Tendency to Yield Was
Shown at Opening of
the Session.
DECLINES WERE SMALL
A Light Sprinkling of Small
Gains Was Noted—Lon
don Higher.
NOTES ON GRAIN.
Pointers on Provisions.
The Chicago .Record-Herald: President
James 8. Bell, of the WashlMiru-Crosby Mill-
ig Company, Is of the oplnlou that the
heat crop of tho northwestern states
would be practically seeded with the close
cent advance In wheut bad probably some
what Increased the acreage at the expense
other grains. "We are doing no flour
seeding Is practically complete, ...
aotn aud tiie Dakotas. Conditions of mar
ket and weather have Induced farmers to
sow as much wheat os possible and Indica
tions now are that decrease In acreage
will not be material. Condltlou of loll Is
excellent. We have had just the right
amount of moisture. Seed Is sprouting aud
doing well In the entire teryltory. In
southern counties, where some seed was
sown early, It shows good growth, good
stand and excellent roots. No reason to
think seed has gone In too late. With
normal weather condltlona from now on we
see uo reason why the Northwest can not
make good average crop."
... x_ . *be go __
wheat cron for Knnsas
WHEATWAS ABOUT CENT
UP AT THE OPENING
Tales of Drought and Uufa-
-vorable Crop Reports Stim
ulating Influences.
WEATHER REPORT.
STATE FORECAST8.
Ocnreln—Fair tonlxht, root.r In south por
tlnn; WMiiciitnjr fitlr aud warmer In the
north portion.
Konth t'nmlinx—Knlr tnnlfbt, cooler In the
southrnst imrtlon: Wednesday fair and
warmer In the Interior.
Alabnmn-Fair tonlxht nnd Wednesday;
Warmer Wednesday In the Interior.
weather"condition8.
Asnmulnt that the eovernment report of
April l Indicated X wheat crop for Knnaar
of shout' 114.9W,000 bushels, I would eatl
cts for that state nt 60..
000 bushels." ■ aald John
Marshfield, who waa on the floor yester
day. “ - ■ — - “
_ . , III
finish. The ont crop of southern Kanaoa
la entirely cleaned up. Aa to conditions
Northwest 1 should any that there It renlly
nothin! to *et acared aliout. although the
seeding la n little late. The Bed Hlvrr
valley Tma atarted right this year. x aeotlou
which tins not lind n good crop In the last
five years. I expect to sec aome Improve-
ment In the cash whent situation North-
welt." ... ' , .
An Omaha massage to Ware-Leland re-
ported that the Nehra.kn.lown Grain Com
pany bad reeelved n Itox of green bugs
from l’aeifle Junction, laws. In the westei
portion of the stale, on tho Burlington rox
Hoyt wired Ixke from Cnrney, Nebi
that he hail examlued a grant many flclila
nnd found bugs in nil of them—about tho
same conditions tbera aa there were lu
Katinas about thirty days ngo.
Reports from New Knglnud Indicated thnt
the supply of corn In that section was
greatly reduced.
talnljT not'indicative of* eny great nnxletjr
on their port as to their future suppllea.
said W. P. Mackensle. “There arc Incon-
slatcncles In this wheat furor which will
need to he edjuated liefore one can feel
cnmfortehle In following the exc foment.
Mverpool la nnder Chicago and prices ore
„B n calamity haste, which has pot jet.
by nhy means, been proved to exist.
erv. h fancy!‘$l6WJ4.00 crate; peppers active.
Si crate; okra, six baskets, amxn.j4.50;
crate; lettuce, beaded, active. B.0063.90 per
crate; kraot, half Iwirel. »75; beans, round
green. 12.00; wax 11.2561.69 create; nspan-
*us 15029c 2-pound bunches; English pens.
GROCERIES.
56<4c: head <67c; fancy head
..Ing to the grade.
-Fancy full cream dairy 174c;
"sCGAB-Hlandard granulated. 64c; New
tdacnlt 15 case; No. 2 rolled Oita
reil'oalinon 25 caae; pint — — —.
cocox 49c; chocotxto Be; enuft. l pouml Jars.
48c; roast heaf 12.60 cate; corned beef 12,6;
rote; cataup 11.90 caae; ilrnp. New Or-
lennt. 25c gallon; corn HJr gallon; Cuba
35" gallon: Ocorgta cane Me gallon; salt,
100-pound. 50c; axle grcaae 31.75; ami; crack
ers 64" pound; lemon 7e; oyater 7c; bar
rel candy, per pound. <4c: tnlxe<l, per
pound. 64c; tomatoes. 2-pound, »ll0 caae;
1 pound. 12.25: navy lieana. *2.40: l.lma beans
6c; l>eat matches, per grots, lt.66; macaroni.
61467c pound; inrdlnrt, muatnrd. W.2j cnae:
nSraah. 83.2563.30 c°P"-
I ply cotton, 18c; aoxp, 11.4964 cnax
FLOUR AND GRAIN.
FLOrit—Highest patent. heat pat
ent 45 16; standard patent. 41.75; half pat
rol 84 69 spring wheat patent. 16.59.
COBN-No. 2 white. !9c; choice white. Itc;
white f..... 1. 68c; No. 2 yellow. 76c; mixed.
75c- cracked corn, per hunhel. 75c; hulla. III.
CHICKEN FEED—Fifty-pound sneka »0c;
Purliin "hick fed, *1.80; t'lclor feed, 81.10;
''oATS-NtJ'i^hlte 60c: No. 2 mixed, 40c;
Golden oala. 59c; white dlppe<l. 6lc.
MEAL—Butin. I>»r 96-pound aacks. .3c; 43-
pound ancka. 74c; plain, 20-pound ticks, 75c;
*°HAY-Tlmnthy. choice targe ha lea. $1.45;
do rbolce small bales. II.15; No. 1, one-
third Idea. $1.30; No. 2. one third hales,
tl 26: No. 1 Hover, mixed. 3L26; choice
Dralrle $1.00; Bermuda. 11.10.
BIIORTff-CboIre yolte $1.45; Texas whits
$1.35; fancy. 90-pound, $1.40; brown, SO to too
pounds, $1.». pR0V |g |0NS
PROVIBIONII—Supreme hamt 154c; beb
10.0)4; Purity compound. 8.094: ('aUfornla
Chicago, May 2J.—There was a snap
py market In wheat, and the other ce
reals were active, too. Advance! were
eatabllahed of 3 7-864 l-4c In wheat;
3-801 3-4c In corn: 161 7«8c In
oata and 2 l-2c In provisions.
There.waa no let-up In the buying
power, everything offered being taken.
Northwestern markets were up wildly,
and the seaboard showed good ad
vances for the day.
The Northweatern Miller was out
with an sstimate on the loss In area In
the Northwest, making It 10 per cent.
Cbrn was active, ana the buying and
selling was of good rharactsr. The
country was a big seller of cash.
There wee an enormous trade In oats
with shorts covering In a liberal man
ner.
Provisions were slow on the whole.
CHICAGO GRAIN MARKET.
for today follow:
July....
K::v iSg
CORN—
May.... 54
SS5:I" ■"
¥obk-
May
July.. 16.7714 16.92% 16-75
17.06 16.90
With hut few exceptions, dear weather
prevails today over the entire country. .
The northweatern high area has moved
eastward, causing cooler weather at nearly
all stations east of the Mississippi. The
center of this high area Is now ov£r Lake
Michigan. An area of low barometer Is
centered over Utah.
The temperature hn> risen considerably In
the Missouri valley, ths.DakaUa and Min
nesota, while In the southwest the tempera
ture has remained practically stationary.
In the last 24 hours rain has fallen lu the
Missouri valley, on tbe middle Atlantic
const nnd nt a few scattered stations else
where.
The conditions are favorable fftr fair
weather In thla section tonight nnd Wednes
day; somewhat warmer Wednesday.
COTTON REGION BULLETIN.
For tha 24 honrs ending at $ a. m., 75th
meridian time, May 20, 1907:
STATIONS
ATLANTA
DISTRICT.
Mai.* Min.**
^Atlanta, clear. . . .
*Chattanooga, dear.
Columbus, dear. . .
Gainesville, clear. .
Greenville, clear. *. . ,
Griffin, clear. . . ,
•Macon, dear. . . . ,
Montlcello, clear. . ,
Xljf T - w — I. Ate
11 more and Ohio, l'enusylvanln. .Southern
K sclflc nnd Great Northern preferred are
i a sagging movement that may be Inter
rupted any time by a good rally. Hear talk
Is noted on Brooklyn Rapid Transit and
United States Steel, most of tbe active
stocks twinging with the market lu trading
range. Wo would be content with iniM , *“‘“
[urns now aud h»* guided by tecbnlmi
profeofltoMl interpretations rather than liy
u formation.
Town Topics: Beatlmont is so highly
bearish and the Important hanking Interests
•o disinclined to offer anything at the mo
ment but the most nominal support of n
scale-down character that there seems noth
ing to the market except n drift toward
lower prices. We believe, however, that
the hears will meet with italwart resist
ance should they attempt to press their
adavntage much further and a good all
round rally may l»o looked for before the
•ud of tbo week.
The most beariu. „„„
reference to the Industrials, which will feel
Do not overlook the fact that good stocks
are decidedly cheap, especially Great North
ern. Northern I’nclflc, St. Paul, Atchison,
Pennsylvania, Baltimore nnd Ohio, Atlantic
toast Line and Louisville and Nashville.
8TRONGER PRICE8 TALKED
ON COARSE YARNS CbTTONS.
The New York Commercial: As there
hat atlll been no really warm weather
to help move spring stocks of clothing
and summer merchandise buyers for tho
markets of final distribution are showing
prudence In taking on additional goods
for tbe present season. This Is true of all
classes of cottous. but Is not affecting the
ordering of lumsehold linens or piece goods
n linens and silks. The paucity of at<»cks
In those goods makes It next to Impossi
ble for buyers to locate any considerable
quantity In the hands of one agent.
The shopping that Is being done gl
rise to the Impression that a larger bust-
J* hfJng put through than is actually
closed. HI nee the members of the leading
commission houses who wern In rmiadel-
K hla have returned to their offlcet they
ave begun to talk strong** prices on
coarse yarn construction cottons. AH of
the manufacturers from the South inode
It dear that low-priced ataple was not to
he expected nnd thnt on future business
eloth manufacturers had no reason to re
cede In prices. There was a stronger move
ment in brown cottons Haturdny than has
l*een witnessed since tho early part of the
month. On bleached cloths the entire mar
ket Is sold up on s|tot and onlv a very
small quantity of goods can l>e secured for
delivery before the winter Aouths. The
aim mixiures. me summer weignis aim me
medium weight styles, are moving to ad
vantage Ih the Jobbing trade. Retailers
report doing a better business on these llhci
than on the summer lines In cottons and lin
ens. In sales over the counter. Made up
fancy cotton dresses and shirt waists ara
ent... 9
BIBS—
tbe New
May
July. .....
September. .
October
November. . . .
December, . . .
Closed steady.
... „ about steady and im
aged. with all refineries doing business
tho basis of 4.90 net less I per ceut for
cash for flue.granulated.
London beet market quiet; May unchang
ed at 9a HUd; June off %d at 9a U>Ad.
THE METAL MARKET,
Ramarke.
Lower temperatures are reported from the
Atlantic coast nnd northeast districts. Else
where tbe temperature remains stationary
or slightly higher. Light rains have occurred
In the Teiss and Tennessee sections, being
Inappreciable In Oklahoma
New York. May 21.—A further reduction
_/ 'Ao In the bid price of lake ami elec
trolytic castings. Copper unchanged. They
nled steady.
Others quiet and unchanged.
NAVAL 8TORES.
pectal to The Georgian.
Havannnh. Msy 21.—Turpentine firm at
6014; sales 49; receipts 1,065.
Rosin firm; sales 1.793; receipts 3.603; win
dow glass 9S.80; water white $5.70; M $5.66;
N $6.50: K $6.45; I $5.20; II $4.92*: G $4.87*;
F $4.9*; K $4.75; D $4.60; ARC $4»04.4».
WEATHER WA8 FAVORABLE:
NEW CROP MONTH8 8LUMPED.
Icrat: "The fickleness of speculative■■■■
ment Wgs demonstrated yesterday by a net I
I decline of some 19 point• on tho new crop
options. Tbe weather waa favorable,
as the forecast over Kundav bad pr^^H
more rain. However, the discounting of a I
day or eren a week of sunshine at thla
stage of the game may count for noth^m
in the broader development of an unit
situation. The real question at Issue la ■■
weather or new crop damage that has bean
the cotton belt, and alnce no
>ars able to show a clean crop prospect.
...e burden of tie proof required to show
n reasonable prospect rests squarely on tbe
shoulders of the reactionary. /Hut many a
bull, even though his faith he limited now,
fears a rainless weather map, hence the
New York, Mar 2L—The liquidating more-
entire Hat. The outsl
auge was i
there was no further discussion In specula
tive circles of the likelihood of gold ex
ports. Yet, lu face of all this, Tn snlte
of generally higher quotations for American
stocks In London, the selling continued un
checked for the greater part of the first
hour. At tbe end of thnt time, with the
lending Issues down from 2ff3 points, sup
porting orders made their appearance In
quantity, and covering purchases began to
make their Influence felt. The market ral
lied under this support nnd retained a firm
undertone at midday, but the trading on tha
advance was comparatively quiet.
MONEY AND EXCHANGE.
N«w York, ay 21.—Money on call 303*;
Time loans firm; slxty-dny loans. 3VJ4;
ninety daya, 404<4: alx months, 4*04*.
Posted rates: Sterling exchange, $4.34*49
4.87*. with actual business In hankers’ bills
at $4.8685 for deraaud at $4.8390©LM for 60-
day bills.
Prime mercantile paper unchanged at 5*
MINING STOCK.
per linage 8I&SI4; North Butte 89: Stub*
non 18V. Fruit 199: Ol.l Don
honk 80; United 69; UHoll
THE LONDON 8T0CK MARKET.
Anoroltda
Atohtson ..
Amolgnmoted Copper
Canadian I’aclflc
Krlo
do, preferred .. .. *.. ..
Illinois Central
Knnsas and Texas .. .. .. ..
do, ptefeired
Lonlsrllle and Naahrllle .. ..
Mexican Central preferred ,,
Norfolk and Western
New York Central
Ontario and Weatern
l’ennarlranla .. .. ..
Philadelphia and Heading ..
Bock Inland
.Southern ltnllwaj
do, preferred
Southern I’nclflc
Ht. Paul
Union Pacific ..
United Btntra Ktetl
do, preferred
Wahaah preferred
[ taSTL 1 „
•Its 344
99S! 944
! 34%
selling on reordera.
for fall ate now aelllng actlr;
hands. £
Values Hold on Gray Goods.
When buyers ars wllllng to par 7%W
74c for spots In 89 Inch M 3*y .2«, thw
general airmail) of the pHnt
ran lie measured. Home *«» *'""'I for
ward orders on narrow clntna hare hren
placed, calling for delivery aa *« r
Mar, 1998. Narrow gray gooda for nrl .•
tera* pnr|K>ncH hare l.anin to sell for lata
fall delivery at full asking price of agents.
The absence of any accumnlntlons In P r ' '-
ters' hands "or In the print cloth mills
gives backbone to tly market.
CHICAGO CAR LOTS.
the nation's prosperity.
volt In India, tbe onnsen—
British exports of cotton cloths made from
American cotton to that country, and of
tba fact that thcoretlrally.at least a big Wheat.. ..
reaction la dne after tbo Important advance Corn
In the receni paat."-lleywcrd. Vick A Oata--
Clark. ^ Hogs, head.
0
HAYWARD, VICK & CLARK,
COTTON, 8TOCK8, BONDS, COFFEE, GRAIN AND PROVISIONS.
Carondelet and Gravier 8t«, New Orleans.
MEMSER8;
(Saw Orleans Cotton Exrbaota. I New Ortaens Fatnre Broken’ laroHattea
New York Cotton Exchange. I New Orleans and Chicago Boards of Trad*
Oalraaton Cotton nxchanje. I Now York CorrteExcbange.
Uooatoa Cotton Exchange. I Associate Mcmhera Liverpool Cot tee Ana'*
New York and Chicago Correspondents.
J.S. SACHE & CO., AND BARTLETT. FRAZIER A CARRINGTON.
PRIVATE WIRES TO ALL POINTS.
W. J.
Accountant and Auditor,
1114 Fourth National Bank Building.
Bou rnon. HU ATLANTA CUL
I Opportunity
land Cash.
Opportunity reaches out its hand to those endowed w ith ^
cash. Every great fortune has its beginning in n savings ac- ^
® count. These accounts, if systematically looked after, grow &
S alarmingly fast—and soon a handsome amount is acquired, suf- jg
— fleient to make a good paying business investment, one cstab- w
lishing a life’s income. We have hundreds of growing savings ^
accounts and want more. We hold your savings absolutely safe ^
and pay 4 per cent interest. j
' ■ ■
Union Savings Bank. |
ATLANTA NATIONAL BANK
ATLANTA. GA
C. E. CURRIER, Prealdent. H. T. INMAN, VIce-PrcildsnL
GEO. R. OONOVAN, Cashier.
JAMES 8. f'lOYD, Assistant Cashier.
Capital $500,000.00
Surplus and Undivided Profits $650,000.00
We Solicit Your Patronage.
J
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 83&
ATLANTA. GEORGIA.
i