Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, May 24, 1907, Image 12

Below is the OCR text representation for this newspapers page.

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—