Newspaper Page Text
THE ATLANTA GEORGIAN AND NEWS.
FRIDAY, MAY 24, HOT.
r 2
TRADE WAS ACTIVE
PRICES HIGHER
Cotton Advanced Early on
Reports of Unfavorable
Weather.
WAS UNDER PRESSURE
Declined a Few Points, Then
Rallied—Liverpool Mar
ket Closed Friday.
NEWS AND GOSSIP
of the Fleecy Staple.
Special to The Georgian. ^
(From Hayward, Vick A Clark.}
New York, May 24.—J. 8. Dacha s Co.
No Uverpool; holiday.
We believe market will continue firm!
Estimates are coming to band on acreage
ually eatabliabed for cotton. Spot demand
roti tin net. Favor a purebaae on all fair re*
cessions.
Mara ball fold 6,0X1 October down from
10.37 to 10.34.
Following ia tha Liverpool weekly cotton
Btatement for the week ending May 23:
1907. 1906. 19®.
13.000
11.000
Week'a aalea ....
Of which Amer
For export
For speculation
900
BOO
65.000
68.000
3.400
63.000
60,000
Forwarded .
Total atocka 1,225.000
Of which Amer....1,089.000
Actual exporta .... 4.000
1.»
700
97.000
941.000
881.000
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-Ove
years* experience of ed
iting markets In Atlanta
and the Booth haa made
him a recognlxed au*
tborlty In hla specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAME OP 6T0CK.
sd-
XSiCnBii
Atlantic Coast Line.
American Sugar Uef.
Week's receipts
Of which Amer..
6.000
82.000
66,000
Since Sept 1 4.400.000 8.861,000 8.846.000
Of which Aintr...3.577,000 2,702.000 8,310,0™
Stocks afloat ..... 122,000 ' 67,000 . J®,<
Of which Amer... W.600. 32JXW 188,000
_ 10 points over laat
close, Influenced by unfavorable
weather in the belt. Heavy pressure devel
oped at that figure, ' * w '
r wnicu flinTr... ow.wv m.wv
The New York Commercial: There ia not
much use paying any particular attention
to Liverpool Just now. The New York
considerable short inter
est out in July,” said one of tha beat-posted
brokers on the floor. "In spite of the fact
presumably from tho
same sources that sold heavily yesterday,
and the market dropped to 11.34 within a
few mlnutee, rallying later to 11.38.
The Liverpool market waa closed Friday.
Will remain closed until Monday morning.
Absence of foreign information was re
sponsible for a allaht curtailment of busi
ness. though considerable acttyJty was dis
played Immediately around the Opening, and
first prices were at better prices. Improving
farther the first half hour, after which
heavy pressor# waa brought to bear, and
the market sagged some 6 points from the
high point, but rallied slightly later, aud at
noon price fluctuations were narrow.
Trading in the afternoon waa quiet and
without special feature, the dose being
steady net unchanged to 6 points lower.
Weekly Interior movement:
1907. 1906. 19®.
Receipts 86,764 35.606 66.606
Hbipmenta 62,960 69.535 99,864
8tocks 801,837 806,124 319,890
Movement Into eight (fleeter):
1907. .1906. 19®.
Overland for week. 12.766 13,097 15.691
Bine# Sept. 1 .... M81.061 914.780 1.000.989
Into tight week .. 72.132 109.W4 161.847
Since sept 1 12,918.969 10,395.138 12.1W.782
Sou. consump.... 46,000 89,000 ■ 86,000
Comparative receipts at ail U. 8. ports:
nro*eri vii iu« uum. iu »» in. i.v.
that some people think that July boa been
thrown Into the discard."
Looks like a renewal of yesterday's effort
to break tho market by selling through
Wall street houses. There la also quite
considerable scattered long cotton coming
ont l»aa<»d on the fact that the weather
may does not confirm the heavy rains re
ported over private wiree yesterday. The
bulla are depending on the expected rainfall
which ia being received about noon to con
firm theae ralus. Think the market a buy
on all eoft spots.
The selling looks like Price through
Wall street houses. _ .
Cotton firming up on strength in New
Orleans and reports of more ralna in Ar«
kanaas, Louisiana and Mississippi.
Hammering by Wail street and scattered
longs running caused this last decline.
Lodes like a fight to get It down, but the
8,340
13.480
6,140
63.998
Same days last year 77,381
Decrease 34.383
Total receipts since September 1....9.676.642
Janie day last year
Decrease
Total receipt* for the week
Same time last year
Increase 2,163,328
Estimated receipts Saturday:
Houston ....1,600 to 2,000
Movement at Atlanta:
Receipts Friday
19®.
ts
2,816
Same day last year
' Increase
Shipments Friday
Same day last year
Increase
Stock on hand Friday
Same day last year
Increase
6.282
4.966
1,327
SPOT COTTON MARKET.
Liverpool, holiday.
Atlanta, steady; middling 12 1
New York, quiet; middling
cnarieiion. nrui; mmuiinn ux.
Norfolk, firm; middling 13c.
Savannah, steady; middling 11%.
Augusta, steady; middling 1274.
Memphis, steady; mlddltng l2c.
Galveston, firm; middling 13%.
TODAY’S PORT RECEIPTS.
Tha following table ahowa receipts at the
K la today, compared with tha same day
t year:
Naw Orleans.
Galveston, , •,
Mobile. . • • • ,
Savannah. • •
Charleston. • •
Wilmington. •
g orfolk.
altlmoro. . , ,
New York, • •
Boston
Philadelphia, •
Brunswick. . •
Newport News.
Total.
The more I look at the map the more _
am convinced that bulk of tho rainbow has
not spent itaelf yet. Look for heavy con
tinned »alns over Sunday, and excited
keta Monday. ......
Shreveport. La., wirae: "Last ten^ daya
baa been l<Jeal cotton ‘weather, Recent
rains Just what waa wanted, and should
have another In few dnye; cloudy .today.
I)o not want too much sunshine until crop
is chopped and plowed out Then we can
take care of thirty day* of sunshine.
Map now complete. Very critical. Indl
price crown oppressing .«w iur*. um»
vornble visible supply statement, and poasl
bly a more favorable Chronicle may cause -
little setback, but not much, atid would
buy it on depressions.
VISIBLE 8UPPLY ON COTTON.
1907. 1906. 19®.
Total visible 4.394,233 4.490.329 3.846,401
American 2,062,233 3,079,329 2,345,018
ATLANTA MARKETS.
FRUIT AND PRODUCE.
EOO&—Active, 18c.
LIVE POULTRY—Hen*, active, 40c each;
chickens, active, 16036c each; ducks, Pekin.
80c each; puddle 26c each; geeae, full
feathered, 40c each; turkeys, dull 12%c
pound.
DRESSED POULTRY—Turkey*, undrawn,
active, 14017c pound; fries, active, 26®80c
pound; heua. 14c pound.
PRODUCE-Lard 10011c pound: baron ac
tive 16c pound: shoulders active 10011c
pound; aldea active 11c pound; butter active
20022%c pound; beeswax active. 25c pound:
puimu, uri'swn* m'-imit. iw: |MMiiiu,
honey, bright, active 10c ponnd; hooey, In
1-pound blocks, active 12%e pound; white
peas active t3.25 bushel; lady pens 13.60
bushel: stock f 1.7502.36 bushel.
6.25; bananas, per bunch, culls, active.
Florida atock, owing to alee and condition
on arrival,, per box, $4.0004.60. Apples,
New York atate fancy, $6.6007.®. Florida
honey peaches, $2.0003.00 per crate. Grape
..... .jlor. per l _
tou per 100 $1.60; peanuts, iu sacks averaging
1® pounds each, owing to grade, per pound
*226 6H07%c; dried apples, 708%e; dried
INTERIOR RECEIPTS
The following table ahowa tha Interior
movement of cotton, compared with tha
same day last year
Houston. «•••«.
Aufueta.
te-.v.v-
Cincinnati. » • • .
Total.
HAYWARD, VICK & CLARK’S
6aily cotton letter
New Orleans, May 24.— Information from
rood source In New York continued yester-
lay’a rumor that tha former bull clique was
Ting to dopresa the market, using priori-
illy their control of the July option for
ie pnrpoao. A* the speculative following
treble long selling waa Induced In onr mar
the
Th# P wiafber proepecta. as presented by
today's map, are distinctly unfavorable. ^ ft
looks aa If we are only half through with
this wet opeH. Showers and colder la offl
dally predicted for the entire western and
central belt.
The market recovered on these forecaata.
buY trading was timid and appeared stunned
New York news that the leading op
erator was against It. Should rains con
tlnne over Sunday, aa probable, this reserve
a condition figure of U again at 64.6 given
hjr^ the^gvrerumeut in June last year and
It la generally conceded that the govern-
creege fo “■
74.1
ment acreage for the eeaaon 1906-07 of 28.
666,000 a free Is much below the actual, and
that revised acreage figures In the neighbor
hood of SL000.00O acres will be given. Tbla
would reuse the impression of a large In
crease In acreage, although In reality there
may be no increase. • The present play f.»r
a turn In the market la likely baaed upon
this expected' bearish impression by the
•tfyjgwvCT* uss *«•>,
Liverpool being dosed owing to the holiday,
our market had nositlmulna from abroad
this morning, bnt neverthelesa prices re
■pooded quietly to bullish developments nnd
■cored advances In the first half hour.
Realising on the advance was evident, but
tblf did not affect prices much, although
the market ruled easier after the first hour.
Reports continue to come from the belt of
continued reins, and this helped to rally
prices later. The situation la undeniably
Strong. The position should be taken of
purchasing on all decline* of 10 to 20 points
until there Is a material change for the (tet
ter In Texas.
. ll%c; prunes. 607%c; cantaloupe,
crate. Strawbernea, 10012%#.
VEGETABLES—Yellow squash, $1.3901.75;
White aquaah $101.60 crate; cabbage, crate,
8c lb.; tomatoee active, $2.6003.®: potatoes,
new, $4.0006.® barrel; onions, I,onlatni>a,
$1.75 per bushel; Egyptian, 4c pound; old
Irish potatoes active $1.1101.20 bushel; cel
ery, fancy. $3.6004.00 crate; peppers active,
$2.60 crate; okra, alx baskets, small. $4.®;
crate; lettuce, headed. Active, $2.0003.® per
crate, imuin. iumm-u, aviiff, (»rr
crate; kraut, half barrel, $3.75; beana, round
green, $2.50 crate: wax, $1.2601.® crate; aa
.w unir, nn*. ft.ji'ji.uu rraip; hi-
paragua, 15020c 2-pound bunches; English
peas, $1.76 crate; cucumbers, $2.® crate;
beets, $3 crate.
QR0CERIE8.
RICE—Jap 606%c; bead f07e; fancy bead
6H07, according to the grad*.
CHEESE-Fancy full cream dairy 17%c;
.SUGAR—Standard granulated, 6%c; New
York refined, 4%c; plantation,
COFFEE—Rotated Arbucklea $16; bulk In
baj^a and barrele lJc; green.ll012c.
hredded blacult $6 case; No. 2 rolled oata
und bags. $1.85;
e; light weight
lea 7%c pound;
peyper lie gonad: baking^Rowdng'ff'c
case;
48c; roast beef $2.60 cnee; cornet! beef $2.6o
*— *'W case; alrup. New Or-
n: coru 80c gallon; Cuba
F ,4» B . w-v.$la cane 36c gallon; salt,
100-pound. 60c; axle greaee $1.75; soda crack
ers 6%e pound; lemon 7c: oyster 7c; bar
rel candy, per pound, 6%e; mixed, per
r jund. 6%c; tomatoes, 2 pound, $1.90 case;
pound, $2.28: navy beana, $2,40: Lima ben ns
Be; beat matches, per gross, $1.®; macaroni,
•%07c pound; sardines, mustard. $3.25 case;
vvtwiv iK)uinj, pniuiur., uiu.iaru, taut,,
potash, $3.2603.® case; peanuts, 8c; rope,
4-ply cotton. 18c; soap, $1.6004 case.
Anaconda
American Locomotive.
do, preferred . . ..
Am.* Smelting Ref. . .
do, preferred .
vK», pmorirfl • , ,i
American Cotton Oil. •
Am. Car Foundry . . .
Baltimore k Ohio . . •
Brooklyn Rapid Tran.*
Canadian Pacific . . .
Chicago and Northw'n. ,
Chesapeake A Ohio . .
Colorado Fuel & Iron.
Central Leather . . . .
do, preferred . . .. ,
Chicago dc Great W. . ,
Chicago, M., k Ht. P.. ,
Delaware A Hudson. . ,
Distiller's Securities. . ,
Erl# .. ,
do, preferred . • .. ,
General Electric • .. .
Illinois Central . , .. #
Am. Ice Securities . . ,
Louisville A Nashville. •
Mexican Central . . . .
Missouri Pacific . . , . ,
Total stock aalea £$9.506'shares.
N-
NAME OF 8TOCK.
y.. ont a w. .
National Lead. . .
Northern Pacific. .
New York CentraL
Norfolk A Western.
Pennsylvania. . . .
People’s Gas.
Pressed Steel Car.
do. preferred. .
Pacific Mall
Reading. .....
Republic Steel. . .
do. preferred. . . . .
Sloas-flheffield
Teuo. Coal A Iron. . • .
Texas A Pacific. .....
Union Pacific.
•Ex Dlv. 2% per cent.
imou rauuc. • • »...«<
United States Steel
do. preferred
Va.-Car.ChemlcaL . .. . . ,
do. preferred. ......
Western Union. •••••.,
Wabash.
do, preferred . ......
Wisconsin Central
do, preferred ,
—Ex-rights.
mi
i$%
38*’
37”
38”
78%
ml
1S%
78%
19
Gt
St
138
3
%
NEW YORK.
tores In New York today:
HlrTTT
J ane.. . .
uly..
Aug..
Closed steady.
ii ira
10.94-96
^,10.98
1L® 10.99-01
11.09 11.09-10
11.27 11.27
11.8911.10-82
11J7 It 86-87
11.49 11.47-49
10.98-99
11.03-04
11.06-66
11.13-14
11.30
11.33-35
11.39-40
11.61-62
LIVERPOOL.
Holiday In Liverpool Fri
day and Saturday; no mar
kets.
NEW ORLEANS.
The followingJa t the range In cotton fu
ture* In New Orleans
Ti
1 1X3 j
ii
1
D
11
May.. . . .
June.. • • .
July
Aug.. • • .
Sept
Oct. . . ..
Nov
Dec.
Jan
12.®
12! is
113
i'iii
12.®
11®
12.22-14
ITS
11.80
12.23-25
1L861L89
1L86 1L87
11.89(11.89
ii.77
iil7$
1L77
ii'.77
1L74
1L78
11.94-98
1L77
U.75-77
1L 74-75
1L 77-78
12.01
U.86
11.83-86
1L81-82
1L84-S5
NOTES ON GRAIN.
Pointers on Provisions.
now on. ana iooa roi
during June and July.
Receipt# of corn about as expected. Look
the trad* misconstrues and believe# the
movement will no more than take care of
our needs.
Would prefer to buy provisions on breaks.
The Chicago Evening Pott: Hoyt tray-
ling agent for W. II. Lake, wired from
bllene, Ivans.: "Rig damage since 1 was
here two weeks ago. Plenty of bugs,
bay and Bind places the total out-turn for
bushels laat year. The out-turn for the
United Provinces Is estimated at 81,4®,000
bushels, against the flual figures for laat
IIIQ UUO
76,872,0® bushels.
B. W. Snow soys Nebraska wheat atand
lug still; fate of crop a question of weath
er. Htoollng poor; stnna thiu; plant un
thrifty. Every day of heat without rain
reduces possibility, and an absolutely per
fect seasoo from now on would not make
an average yield. No damage from bugs.
No corn- up yet. Moisture situation each
that local showers will not eufflce. Muet
Imre plenty of rain, and at once.
Wire from Sam Finney from Mlnonk,
-Invaded the oat field#
laglia Is in Ohio ajul Indlaua. Ho wires
that from Lima, Ohio, to Munclo, Iud., the
wheat crop Is practically a failure.
Clement, Curfle A Co/a ivsnsns City cor
respondent wired: "No ralna anywhere ex
cept light scattered showers In Nebraska.
The maximum temperature for Kansas la
above 90. Crop ia seriously menaced by
drought on a large portion of area. There
la still a show for t: fair crop with rain
soon. Fanners have quit selling wheat."
Kennedy broker in onte pit wild: "Sell
ing of September oata by Ware A IXnnd
ml Sterling on etop-losa orders nnu by
oinmlsslon bouses cause of weakness In
i»nts l Logan A Dry an good buyers on the
breafc.'
Cline, traveling for Bartlett-Frazler,
anya: "Every field of oata examined be-
Poland and South Center Ihe weather Ii
unchanged, being hot and dry, and rain I
urgently ueeded. The quality of the ar
rivals of grain at tho port of Odessa have
Improved und are now, on the whole, fairly
good.**
BEARS SEIZED WHEAT
PIT AT THE OPENING
Reports of Rains in Kansas
tho Early Bearish
Influence.
WEATHER REPORT.
WEATHER CONDITIONS.
TIPS FLASHED
From Wall Street
New York, May 24.—J. S. Bacbe A Co.
London markets generally weak. Amerf
cans exhibit weakness and are under p
Ity. Strike troubles in South Africa and
apprehension that the gold output may be
curtailed caused a drop in mining shares.
The Journal of Commerce reports from 2®
bankers throughout the wheat belt hay crop
damage greatly exaggerated.
New issues and contemplated Issues keep
York state, still a factor.
Tho stock market wns sold on failure of
outside public to come In yesterday.
No doubt bears will atack prices in early
fading.
The New York Commercial:. It Is said
clearing up the! t ...
tire from business. Such accounts necessa
rily must show tremendous losses, and lend
to the confirmation of the belief that
more than on* man who baa figured In the
heavy trading In Wall street proposes to
get ont aa beat be can. It was aald that
more than one big bolding remains to he
liquidated, the reason being that those who
have been supporting accounts of this fort
are no longer able to do ao. The preaent
condition promises to assume the propor
tions of annthnr mnn'■ panic."
tions of another "rich man'.
Reading la the speculator's delight. ..
always stands ready to help out either the
bull or the bear, and la apt to lose money
for both. It ia the storm petrel of the
stock exchange, and In tiroes of trouble It
may be relied upon to do its share in as
sisting a downward trend of prices. Trad
er# are afraid of it, bnt they can not re
sist the temptation to "get In" when It
is In the throes of one of its convulsive
movements.
That "Big Four" Issue of notes la another
weakening in the price of the
metal. The same may not be said of the
•hares of the copper companies ou the
atock exchange.
New York Financial Chronicle: London
mixed. Atchison down %. Amalgamated
Copper %, Erie £fc. Reading advanced %.
Pennsylvania %, St Paul % and New Yorl
~entral
Union Pacific Information Is bullish. The
tlon la bearish.
Southern Pacific dlaplays no Initiative, but
supported around 78.
Smelting ia in a new trading range—113
and 120—with good buying on decline# to
the lower level and professional selling to
ward 120.
Amalgamated la well bought toward 87.
Atchison displays a rallying tendency and
Chicago, May 24.—-Wheat waa unset
tied and Irregular and closed at 1-80
7-8o up to l-8c off after quite a choppy
session. Tho sentiment waa bearish
early and sold themselves Into a hole,
and In order to get the wheat back
again they were obliged to bid up for It
In a lively manner. The big help of
the day from the standpoint of a bull
waa a special Liverpool coble telling of
the continued drouth In Roumanla, the
Danube and Southern Russia and of
the loss of 40 to 60 per cent of the crop.
The Modem Miller says that the crop Is
deteriorating in Kansas and Nebraska,
and In that in central Kansas the losses
have been 40 to 60 per cent.
Corn waa active 3-8c up to un
changed.
Oata woa quiet 8-8c higher to 1-4
lower.
Provlalons, 2 1-207 l-2c lower.
CHICAGO GRAIN MARKET.
Chicago grain and provision quotations
for today; are as follows, compured with
yesterday's close:
Previous
Open. High. Low. Close. Close.
ui ivniii,,
wired: "No rltnngo In condition of wheat
here, but very dry; will go back unless we
get rain toon. Buga atlU eating corn; every
nnd
icgg*. of Ashland, between 8pr!ngfleld
Beardatown, says that section won’t
» an oat This wns hla reply to In
quiry aa to bugs down there."
Topeka, Kans.: "The report of E. J.
Smiley, of the Kansas Grain Dealer#’ Aa
aoclatlnn. iHiued today, gives the estimated
damage to the wheat crop from 10 to 60
r cent. The damage to onta crop It from
to 80 per cent, and In many counties it
it complete failure."
FI rat National Bank,
Kan#., wired: **” ‘
of Great Bend.
nniia, uimi uyihi.
Third day old-faahtoned
Kansas wind aud duat storm; doing serious
damage to crops. We need rain badly."
PROVI8ION8.
PROVISIONS—supremo hams. 17%c; bel
lies, 20025 pounds, average, 10,07%
backs. 8.12%: Supreme lard, “ '
compound, 8%
salt extra ribs, 9.67%.
rd. 10.00%; Purity
hams, 10.®; dry
FLOUR AND GRAIN.
FLOUR-Highest patent. $5.®; l*nt pat
ent, $5.4n; standard patent. $4.7& half pat
eut. $4.60; spring wheat patent, $8.50.
CORN—No. 2 white. 79c; choice white. Sic;
white feed. 7So; No. 2 yellow, 78o; mixed.
76c; cracked corn, per bushel,- 76c; hulls. $13
CHICKEN FRED—Fifty pound tacks 90c:
Purina chick feed, $2.®; Motor feed, $1.35;
brand feed. $130.
OATS—No- i white. 6-V: No. 2 mixed, 69c;
olden oats. 69c; white clipped, tile.
MEAL—Plain,- per 94-pomid sacks. 74c; tv
, i*und sacks, 76c; plain, 20 pound sacks, 77c;
germ $1.26
HAY—Timothy, choice large bales. $1.35;
do, choice small Imh
third bales, fl » ‘*
$1.25; No. 1 ct.
$1.35; No.
. one third bale*.
$1.28; choice
prairie $1.®; Bermuda. $1.1 .
SIIORTB—Choice white $1.45; Texas whit*
$1.86; fancy, 80-pound, $1.40; brown, so to loo
pounds, $1.36.
FISH.
FISII—Bream 7e pound;
pound; trout 8c pound; blue fl«*h .
pompnno 25c pound; mackerel I2%e |>ound;
snapper 10c
pound;
, .... _ _ . pound;
mixed fish 6c pound; fresh water trout 9c
L. H. Fairchild. 1 Established 1885. S. «l. Whits.
L. H. FAIRCHILD & COMPANY,
NEW ORLEAN8.
Members:
New Orleans Cotton Exchange, New York Coffee Exchange.
New York Cotton Exchange, New Orleans Board of Trade,
New Orleans Stock Exchange. Chicago Bonn! of Trade.
LIVERPOOL COTTON ASSOCIATION,
i to NEW YORK and CHICAGO. Orders solicited for future dellv-
five buying and adverse report# regarding
the growing cotton crop. Buyers seem to
have arrived at the conclusion that now la
the time to cover future requirements 1m»
they i
r Ann believers
from the fact that order# for future dellv
erlea have been placed running as far ahead
as June, 1908. Weavers have not been alone
In these operations, as knitters have *nl*o
been heavy purchasers for nil deliveries mu-
nine Just ns far abend ns the purchases
made by weavers. Price# show further ad
vances ranging from % to %c per pound on
line count weaving yarns, while hosiery
varns and other knitting yarn* have als<»
been pushed up.
Buyers who refused n week or ten days
ago to purchase at price# then prevailing
are now busily engaged In filling lu require
ments for the future at considerably higher
price*. Spinners are rapidly getting into a
position where they will l>e Independent for
the balance of the year, ns they will have
sufficient business on hand to keep their
plant* running and need not worry over
securing any further orders. This Independ
ent spirit Is now being shown In the atti
tude they hare taken with regard to prices
nnd to the granting of deliveries which buy
er* are n*klng.
on near-by deliveries price# are decidedly
stiff and It 1* difficult for buyer# to get the
exact deliveries they dealre. Where these
have been secured buyer# have paid high
K rices for the saute and seem to Ite glad to
are place,I the contracts even at tlte ad-
WIIEAT—
May
July.... 99%
Sept.... 1®%
Due 101%
CORN-
Mny.... 53%
July 52%
Sept.... 6244
Dec....
OAT8-
Muy....
July....
Kent.... 39'
PORK-
Mny..
60%
16.32% 16.82%
16.32% 16.62% 16.52%
16.® 16.65 16.70
9.®
July.. 16.42% 16.63
Sept. ■ 16.66 16.70
LARD—
May...
July... 9.07% 9.12% 9.02% 9.10
Sent... 9.22% 9.27% 9.17% 9.22%
RIBS—
May 8.75
July... 8.86 8.87% 8.77% 8.82%
Sept... 8.97% 8.97% 8.93% 8.97%
9.®
9.15
9.®
THE LIVERPOOL GRAIN MARKET.
Wheat opened %0% lower, and at 1:30
d 0 ied gt higher.
ind at 1:® p. m.
m. % higher. Closed .
Corn opened % lower, am ..
unchanged to % higher. Closed %0% high-
CHICAGO CAR LOT8.
$50®
180®
MODERN MILLER CROP OUTLOOK.
St. Louis, Mo., May 24.—Advices
from Kanaaa and Nebraska report de
terioration In the condition of wheat
owing to long-continued absence of
moisture. Kansas suffering most. The
damage In central Kansas la estimated
at 40 to 60 per cent, and rain Is urg
ently needed. Nebrasko has had re
lief by ralna and crop conditions are
Improved. Elsewhere the growing crop
promises good results, the atand and
color being good aa a rule. Green bugs
are reported In many eectlons, but the
plant Is too far advanced for probable
further damuge by bugs. Wheat is
heading aa far north aa St. Louis.
The presirare has become very Irregularly
distributed throughout the entire country,
and as a result the weather la in au unset
tied atate. -
The barometer la highest along the north
ern border of the map and in the southeast
and lowest In the west and southwest.
Snow was falling this morning at Yellow-
atone Park and Lander, Wyo.. while rain
was falling at Miles City, Rapid City, Hu
ron, Chicago, Birmingham, Montgomery,
aud Fort Smith. *
Tho temperature haa changed but little
except at a few widely scattered stations.
The eastward drift of the southwestern
low area will cause cloudy weather and
showers In this section tonight and Satur
day.
COTTON REGION BULLETIN.
STATIONS
ATLANTA
DISTRICT.
•Atlanta, .cloudy.
•Chattanooga, cloudy.
Columbus, cloudy. .
Gainesville, cloudy.
Greenville, cloudy. .
Griffin, cloud/. . . .
•Macon, clonay. . . .
Montlcello, clondy. .
Newnan, cloudy. , .
Rome, cloudy
Spartanburg, cloudy. .
Tallapoosa, cloudy. ..
Toccoa, cleor. .....
West Point, cloudy..., „, v ,
Minimum temperature for the li-hour pe-
rlod ending 8 a. m. this date.
Lafayette. La.. L73; Melville, La., 2.®;
Jennings, If., 1.92; Lake Charles, La., 2.20
Opeionaaa. La., 4,84; Payne, La., 2.26.
CENTRAL
STATION.
Atlanta. . . .
Anguata. . . .
Charleston. . .
Galveston. . .
Little Hock...
Memphis. . . .
Mobile. . . . .
Montgomery.
New Orleans.
Oklahoma. . .
Savannah. . .
Ylckahurg.
Wilmington.
DISTRICT AVERAGES.
HI
111
A
m
T. Indicates inappreciable ralufalL *For
R esterday. ••For 24 hours ending $ a. m.,
ttb meridian time.
Remarks,
Lower temperatures are reported from
Vicksburg aud New Orleans, stationary tern
perature* from Memphis to Montgomery,
and higher temperatures from all the rest
of the section. Cloudiness prevails through
out practically all the section, with raiu.
’ B. MARBURY.
Section Director.
WEATHER IN COTTON BELT.
Taylor, clear and warm; Fort Worth and
Dallas, clear and warm.
Mlaslsalnnl—Vlckshurq, cloudy and warm.
showers morning; Meridian, cloudy ami
warm, rained last night aud yesterday;
Natchei, partly cloudy and warm; Lexing
ton and Greenwood, cloudy nnd warm, light
showers yesterday afternoon; Jncknon.
cloudy, rained this morning; Ynxoo City,
cloudy, light shower this morning; Tupelo,
cloudy and pleasant; Lake Charles, pnrtty
THF METAL MARKET.
New York, May 24.—Trading lu the metal
PRINT CLOTH8 GROWING SCARCE.
hortnge of labor, print doth*
nr»* scarce nnd high. No class of buyers
hesitate* to place order# where early or
ev»*n fall delivery can I** assured. Ou 27-
Inch s|*)t* In 64x6d construction, 4 7 16 to 4%c
ha* been paid nnd regulars are selling
try on above Exchanges.
B. C. COTHRAN.
9-Me
and aperlnl . .
Wednesday's trading on a bn si# of 7c for
the staudard goods for spot*.
market was limited.
Copper off %c In the bid.
Tin strong.
Lend and spelter unchanged.
iiamn—Mobile, clear and hot; Hunts-
vllle, raining.
Louisiana—Bhreveport, cloudy and warm,
good shower# yesterday; Alexandria, cloudy
nnd threatening.
WEATHER FORECAST.
Loulslann—Occasional showers.
Arkansas—Showers nnd colder.
Oklnhomn. Indian Territory aud all Tex
as—Showers mid colder.
NAVAL STORES.
vhlte $5.7505.80; M
la supported around 86.
_ Brooklyn Rapid Transit la held between
61 to 54.
St. Paul la rallying with 125 support.
Great Northern preferred support 124 and
Northern Pacific 121, both rallying. On all
three Information la bullish.
Pennsylvania slightly reactionary.
Reading rallying, supported around 99, but
•old by professionals on bulges. Other ac
tives In trading position.
Town Topics: The short interest waa
STOCKS WERE WEAK
AT THE OPENING
Declines From a Fraction to
One Per Cent Were
Shown.
*:J
CON. GAS WEAK SPOT
Atchison and Northern Pa
cific Weakened in the
Railway List.
New York, May 24.—Supporting orders,np«
pea red to have been placed In a number
of the lending Issues lu anticipation of
bearish attacks being renewed on the atock
exchange tmlny. The combined result waa
that tho market during the morning pre
sented n decidedly firmer appearance, and
the effort* which were made to eatab)iat>
a higher level of prices wero attended with
some success. The accounts from the wheat
woe a further sharp fall
tloua.
New York, May 24.—The atock market
opened weak with declines running from %
to 1 per cent in the list aa a whole. Con.
aoitdated Gas waa the object of special pres
sure on the announcement that the validity
of its franchise will be tested. The atock
lost 4 points. In the railroad Hat Atchison
and Northern Pacific sustained the heaviest
declines, falling 1 to 1%.
MONEY AND EXCHANGE.
New York, Mny 24.—Money on call 1%02|
boated rates: Sterling exchange $4.84%0
17IX with rw-timl hlialiwaaa In hanbora*
4.87%, with actual buslueas In bankers 1
bills at $4.867004.8675 for demand and at
$4.836004.8366 for sixty days bills.
Prime mercantile paper unchanged 6%06.
London bar silver unchanged and steady
MINING STOCKS.
Boston, Maas., May 24.—Opening stocks:
Callfornla-Arlxoua 16%; Arcadian 6; Copper
Range 80; Fruit 107%.
THE LONDON 8T0CK MARKET.
Anaconda .*• .. .. .. .. ••
Atchison ..
do, preferred
- do. preferred .. .. »• .• .,
Illinois Central ......
Kansas and Texas
do, preferred ».
Louisville and NashvlUo .. ».
Mexican Central preferred «,
Norfolk and Western
Now York Central ., ......
Ontario and Western •• .. ..
Chicago and Great Western..
largely extended during the last hour of Canadian Pacific ..
trading yesterday. The oank atatement out- Brie ..........
look ia venr favorable. — J
Advices from the grain aectlon# are more
encouraging. Investment buying haa again
appeared in the market and confidence la
returning to tome extent, consequently we
believe that pul-chases of the gilt-edged
railway securities on soft spot# this morn-
- . except again New York Central,
whose tendency is downward. Short cover
ing will be witnessed,
we are not bullish on Steel common.
Amalgamated Is oversold and should do
batter; also Reading, tha Harrlman Issues.
Atchison. St. Pool, Pennsylvania, Baltimore
and Ohio and Louisville and Nashville.
Good dividend payers are cheap, a fact
that tha bear# can n«t get away from for
very long. Tho arrangement to take up
Rock Island short notes with the proceeds
of a bond sale Is an encouraging factor.
THE 8UGAR MARKET.
London beets firmer.
THE COFFEE MARKET.
New York, May 24.—Following are coffee
cables:
Havre, 10 a. m.—Market quiet; 12 noon,
unchanged; aalea, 6,0®; arrivals all kinds
a ri K tho week 39,0®, of which 25.0® are
Brazilian; deliveries, 89,000; atocka 2.574,0®.
of which 2,072,000 are Brasilian. Total quan
tities discharging 81,0®, of which 72,0® ore
Brasilian.
Hamburg. 10 a. m.—Market unchanged;
e; stock*.
897.0®; rnnrket dull.
Santos receipts, $8,0®; stock, 2,381,0®; mar
ket qniet
8ao Paulo receipts. 38.0W.
Jundlahy receipt#, 28,0®.
The following figures give the opening
range nnd close lu the New York coffee
market for today:
Opening
Range.
January 5.30-5.35
February 5.30-6.35
March 5.40-5.45
April 5.35-5.50
May 6.M-6.60
June 5.40-5.59
July 5.35-5.43
August 5.25-5.35
September 5.39-5.35
..5.25-6.®
..5.25-6.30
December 5.25-6.®
Closed easy. Sales ®,0® bags.
Close.
5.25-5.35
5. ®-5.36
5.35- 5.40
5.35- 6.45
6. M4.56
5.40-5.45
5.355.40
5.35- 5.40
5.25-5.35
",
6.23-6.35
Philadelphia and Reading
Rock Island * .. ..
Southern Pacific .. ••«•••
Southern Railway .. — .«
do, preferred .« •• •• ••
St. Paul
Union Pacific
United States Steel .. „
do, preferred .. •••«.•
Wabash, preferred
SERIOUS ALARM 18 FELT
OVER THE CROP OUTLOOK.
New Orleans, May 24.—Tlmea-Democrnt:
After yesterday’# heavy general rains the
people of the South evidenced serious alarm
over the cotton crop outlook and fear a far<
reaching disaster appears to permeate all
section# of the trade to such nn extent thnt
even the knowledge that 12c is high at any
season of the year and the fact that tha
consumption can not par famine prices foi
both clothes and food at one and the sain*
time are Ignored. Liverpool waked un
with a start, advanced way beyond logical
■ **-— ‘ fc ifldr-
.-pcctntlons and then went Into holiday
until Monday. The government announced
its June 4 crop and acreage estimate bulle
tin would be put out at noon, Washington
tin WOUiQ oc put um ni uuvu,
time, on that day. The talent, fenrlug tha
worst, were actually scared by the extrema
character of their own oplnloua, and talked
but little. The Interior eent In a general
wall. Thua the situation. In so far as the
Immediate future Is concerned,. waa again
made acute. No mortal man may foretell
the outcome, but there le food for thovujh*-
of which must be gauged solely by the do-
maud made upon the mills.”—Hayward, J
Vick & Clark.
COTTON 8EED Oil-
May
July
September
October. ....
November. • • •
December. , . .
Closed steady.
THE AMERICAN AUDIT COMPANY
Home Office, 100 Broadway, New York City.
F. W. LAFRENTZ, 0. P. A., President.
C. E. Mirmaring, Vice Pr.ildent, Thao. Coeheu, Jr., C. P. A., See. and Trail.
BRANCHES
ATLANTA—Fourth Natl Ban!: Eld*.
CHICAGO—Marquette Building.
PHILADELr -TIA—Bellevue-Stratfont
SAN FZANCISCO—Belden Building.
NEW YORK—Waldorf-Aetorla.
BOSTON—Exchange Building.
WASHINGTON—Colorado Building.
NEW ORLEANS—Hennen Building.
BALTIMORE—Fidelity Building.
LONDON, ENGLAND—4 King Street. Cheap.lde.
AT-ANTA BRANCH 1015-18 Fourth National Bank Building.
C. B. BIOWELL, Resident Manager.
Telephone, Main 872. Cabla Addreia, Amdlt, N. V.
O H.W; f' H.SK4; E H.73; b *4.S3®4.eO; C ii
Mxeta
HAYWARD, VICK & CLARK,
COTTON, STOCKS, BONDS, COFFEE, GRAIN AND PROVISION*
Carondelat and Gravler Ste, New Orleane.
MEMBERS:
New Orletee Colton Exchev* ( New Orleanx Future Broken' Aeeedatle^
New York Cotton Kxrbeaf*. I New Orleena end clilc.ro Board, of Trade.
■ ■ I New York Coffee Exchange.
I Aoeoelate M.tnhdn Liverpool Cotton Aaa'a
New York ond Chicago Correepondents.
J. •. *ACHE & CO., AND BARTLETT. FRASER A CARRINGTON.
■EfllYATE-yyiRES TQ ALl^POIMTS. m
FRANK HAWKINS, President.
H. M. ATKINSON. Vice-President. THOMAS C. ERWIN, Cashier.
JOSEPH A. M'CORD, Vice President. It. W. BYERS, Assistant Cashier.
Third National Bank
Capital .... $200,000.00
Surplus and Profits $400,000.00
DR. A. W. CALIIOUN,
MILTON DARGAN.
JOHN W. GRANT,
II. Y. M'CORD.
FRANK HAWKINS.
II. M. ATKINSON. .
JOSEPH A. M'CORD.
J. H. NUNNALLT.
J. CARROLL PAY&B,
R n nnuBL'ii '
ALONZO RICHARDSON & CO.
PUBLIC ACCOUNTANTS
AND AUDITORS
A > •
Lupin Building. Bell Phone, Main 858.
•ATLANTA. GEORGIA.
A—