Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, May 27, 1907, Image 12

Below is the OCR text representation for this newspapers page.

Later Turned Firm and Re covered All the Early Decline. NEW YORK ACTIVE Advance Started Early on Aggressive Support by the Bulls. tide as a reault of the unfavorable weather lo the Booth. Thta ncwa turned Liverpool from a weak affair before our opening to a firm market, with prlcea about aa dim at the time the buying began here. Fob lowing the call quotations here advanced C avaral points farther, helped by agresslve ull support. The Liverpool market shortly after open ing was worked up on buying from this side, Induced by the very unfavorable weather In the belt Katurday, the close there being unchanged to % point lower compared with last Thursday's finals. Tha opening advance In the New York market was lost by the noon hour on profit taking sales. The trade la In a disposition to await tha government report to be Issued ou Monday, June 3, before making new ventures. Tba New York market for futures closed barely ateady, net unchanged to 4 points lower than Hsturda/'e finals. m „ Comparative receipts at all U. 8. portn^ Receipts Monday, ftf*y 27 9.654 Seme day last year 11.167 Decrease 1.513 Total receipts for two days 16.688 Same days last year 26.486 Decrease 9.791 Total receipts since Sept 1. 9.593,230 Same time last yaar Estimated receipts for Tuesday New Orleans l.fOO to JOOO 2.361 Galveston 2.500 to 3.000 3,607 Houston 2.600 to 2,900 8,878 -Movement- at Atlanta: Receipts for Monday, May 27 none Same day laat year 383 Shipments Monday, May 27 none Decrease Same day last year Decrease Stock on hand Monday, May 27.. Same day last yaar Special to The Georgian. <From Hayward, Vick ft Clark.) New York. May 27.-J. H. Bacbe ft Co.. Liverpool was due t%&4% lower. Opened steady 9 decline on near and 7 decline t on 6% lower on distant. Spots dull at 3 points higher: middling, 7.13; sales 6.000. American 4.300: speculation And export, 300; imports, 16,000, Including 9,000 American. Liverpool, after the holiday*, refuse* to follow our advance, which Is but uatural. The market Is manipulated ou this side, but aome realising In evidence In Liverpool. Spots firm, however, and this Is Important from the trulls' point of view. We think a reaction la natural and healthy and much overdue, but we would not hesitate to advise * irtng — right away. It Is a buy for a big advance. Journal of Commerce: "Big bears are supposed to be trying to cover an extenelve abort lotereat, and In the meantime they naturally try to bold the market down.' New York Commercial: "The return* for the government’s June condition report le now In, so that whatever the weather may be after this will have no bearing on that ^oUowIng are 11 a. m. bids: July 11.14, mtember 1L20, October 11.40, January 11.61. New Orleans. Msy 27.—Ifaywsrd. Vick A Clark: Liverpool advancing on bad weather news. Expect an advance In our market to buying on bad weather reports unday and Indications of frost for the north belt, but tbe map shows Indications for fair weather generally tomorrow In the central and western states: therefore It Is probably , erable effect ou tbe market. Heavy rains yesterday afternoon rroi nstln to within ten mllea of San Antonh . lelds flooded around Kylean and Sen Me coa Water running over railroad tracka Tupelo. Mlaa, May 17.—This section sin ply flooded yesterday, which .means man acres of land will have to* be abandonee, some having been planted four tlmea Not enough seed to replaut again. Laat r~‘~ makes tbe condition worst In rears. C and threatening this morning. Rainfall \ " Inches. Memphfa Tenn., May 27.—Report* jat the crop la twenty days late, •lanted to a Urge extent Wight decre icreage. Stands as a whole unsatlal . Temperature here at 7 a. m., 56. Edited by Joseph B. Lively THE ATLANTA GEORGIAN AND NEWS. MONDAY, MAY 27, 19<JT. heavy In the other eastern states, weather prevail* In the northern pc of tbe belt Indications point to gee clearing and fair weather except In t! Untie states, where there will be more rain. 8POT COTTON MARKET. Atlanta—Steady; middling. 13%c. S ew York—Steady: middling, 12.85c. ew Orleans—Steady; middling. 12%c. Galveston—Steady; middling, 12Vbc. Savannah—Steady; middling, llfie. Charleston—Steady; middling. llUe. Wilmington—Steady: middling, ll%c. Norfolk—Firm; middling. 13c. Baltimore—Nominal; middling, 13c. Augusta—Steady; middling. 1274c. 8t Louis—8teady; middling, 12%c. TO DAY’S PORT RECEIPTS. New Orleans. • . Galveston. • . • , Mobile. Barannsh. • • • . Charleston. • . . Wilmington. ... Norfolk. . . . . . Boston. Philadelphia. « . Pacific coast. • • % INTERIOR RECEIPTS. B ouston •, empbla Augusta SL*Louis ... Cincinnati. . , Total. 6»1 8670 HAYWARD, VICK & CLARK’S DAILY COTTON LETTER New Orleans, May 27.—Futures Id Liver pool up to 8 p. m. allowed the full decline doe when newa of bod weather over Sun day caused rapid recovery, _ Halna fell In nearly all the cotton atavea during the past 48 hours. The precipitation was locally is vy In the central and eastern northern and western portion were unsea sonably low. Theta conditions caused much bovine In tba first boor of today's sesalou ana about 14 points advance In our market. Indications point to generally clearing and colder weather except In the Atlantic*, where mors rain Is probable, to be followed by fair weather Tuesday. This outlook for aome days of fair weather checked the advance, and them was good realising by other longs on all spurts. But for the circumstances that damage Is expected lu the northern belt by low temperaturo, long selling might have been more general. Crop correspondence accumulated over Sun day la of a very gloomy tenor, and tha dltiona— that la, moderate •for tbe n . _ wfiiha some time before tfie tra<¥e* baa sufficient confidence In any change of con- sequence for the better In tbe crop outlook, and with tbe'certainty of a bullish bureau bafon* us, people should not couut ou too much setback to the markets. New York. May 27.—J. S. Racho A Co.! Liverpool, although weak til the early ses sion. relied later ou New York buvlujr, and at the time of our opening ruled slightly above parity. Our opening waa firmer, with demand coming principally from tho Oouth. Tbe continued unsettled weather Was the reason of tha advance, uud aborts were not Inclined to hammer prlcea even at this high level. In the face of bad crop advices. Tbe bullish figures at tho week end ateadled the near positions. Prices were active In tbe first few minutes, with * ** * 'or the bad. wl ... bJrtlev. occur another advance and a w shorts before the bureau repot. day. The *pot position continues un changed. R ” * - cotton mills. ably of the Increased demam. ... good*. We do not hesitate to advise pur chases ou tba far months on all small *°{fc NEW YORK. Tha following!! th* n l turca In Naw York tods tag! In cotton fa- : 1 a 1 4 B i u 1 n Slay * June.. * # . July.. • • . * Aug.. • • . Hcjit.. • • . Oct. . . • Nov.. . . . Dec Jnn 11.01 ii!o6 11.04 M.u sui iV.47 11.57 11.99 ibis U.1 11.L 11.43 *1153 11.04 11.04 ii!66 lu ll.' ILL 7 'll! 37 11.60 11.09 ii*.o3 1L00 11.OH 11.28 ii'.87 11.50 10.96- li 10.96- 97 11.03-04 LL00-O2 11.08-09 I. 28-29 II, 31-32 I. 37-38 II. 60-51 11.00-02 10.97-99, 11.04- 00 11.04- 06 11.11-19 11.30 11.31-33 11.40-41 11.52-53 | Closed barely ateady, — ■ COTTON CROP OVERTAKEN BY A GREAT DI8ASTER. The Chicago Journal of Finance, In reply to telegrams sent out to leading htnkera of the South, asking for information about the condition of the cotton crop aa com pared with a year ago. has received replies which Indicate a great disaster has over taken the cotton belt of the United States. The cold, backward spring has caused the poorest pro * —• ‘ **— ofjbt yaar The weather was too dry at planting time, and then too cold and now too wet for cultivation. worst conditions are apparent In Ar- cansas, Texas, Louisiana. Mississippi, Ala bama, and Tennessee, where tbe crop Is re ported from two to six weeks later than last rear. In those states the ground la now roul and water-soaked. The plant presents i grassy appearance and Is overrun with weeds and grata. In Texas and Louisiana millions o] weevil are In sight, but It Is too earl. — much damage from this Insect as yet In Mississippi cut worms and other cool weath er Insects have been killing the delicate young plants. In Georgia and the Carollnaa reports are unfavorable, but not nearly so much as In the states farther west. The crop appears to be about two weeks late and the average condition* ire about 15 per ceut below laat year. The weather In tho southwest appears to have been colder In May than In March. Some of the bankers of the southwest e* ..mate that thta mors than from increase, aue caieny io mo mci tuat many fields where the green bug had destroyed wheat have been planted In cotton. Other sections show decrease, but moat reports show acreage about tba same. ATLANTA MARKETS. FRUIT AND PRODUCE. EGOS—Active, 18c. LIVE POULTRY-II.ns, Bctlve, 40c esch-. llrkcns, ucllvc, 15033c Mch; duck., Pekin, BV each; puddle 85c «acb: veew. full feathered. 40c each; turkeys, dull pound. DRESSED POULTRY—Turkoys. undrawn, actlra 14015a pound; frt.s, active, 25830c pound: Lena, 14c pound. PRODUCE—Lard 10011c pound; bama ac. 10c pouod: abouldera active 10011c id; aldee active lie pound; butter active ’Ive, 26c pound; po«a’V(Xb«, - Vctfm""ilftc U |»iind° B ^lilte pea, active 82.50 bushel; Indy peua 13.58 Duehtl; atock IM602.lt buahef! FBUIT8-Laiuone, _ fsnc/Mei atock,' M.28C3.65; oran***! Ida atock, owing to sis. and rendition on arrival, per box, 1404.60. Florida hon ey peacbea 8101 per crate. Grape fruit, Florida atock, owing to alia and color, per box 12.6003; llmea. Florida atock, '; peunnta, In aacka averagltii MOVEMENT 18 HEAVIER ON 8TAPLE COTTON GOODS. With every Indication praeent In tbe mar ket to .bow that valnea ar* on a Bound buide tuyere ar* making more generoua purebaae. to cover tbelr fall requirement* lu cottons, knit good, and llnea of bouaebold gooda. EapecTally ou ample cottona la there a heav ier movement for uierchandlae to I* deliv ered during tbe early fall. Aa a general proportion It ran lie Hated that Jobber, ar. abort on .heettuae, brown eblrtlnca. denim*, drill* and tickings- In every In- •tasca where aeUera Have offered gooda of par 100 81.60; peunnta. In aacka averaging 00 pound* each, owing to grade, per pound: (Montes dried applee. MWlic: dried .rhea, 1180c; prune*. 807Wc; cantaloupe, .00 crate. Mrawberrlea. 15016c. VEGETABLES—Yellow squnsh, 11.00100; white .quash 8101.60 crate: cabbage, crate, 8c lb.; tnmatoea active, 13.0003.26; potatoea, new, 1404.60 barrel; oulon*. I.uul*lana, ter bushel; Egyptian, 4c pound; old liotatoea active fl.160110 linahel; cel ery, fancy. IS.6O04.OO crate; pepper* active, $150 crate; okra, alx boskets, amall, 84.00; the above deerrlptlon for delivery before with ibe beavywefi . . . . . business they bare booked and are now turning tbelr attention lo Ibe new eprlug llnea. The Import order* for tbe Hue Knee of men'a aud women'* ho*, are largo aud the Hale and Hue *111* good. ■ re .old more extou.lvely ou dret order, thnn I'ofore in tbe hl.tory of the trade. Manufacturer, are lu full control of the knit good, attuatlon and are uamlug tbelr own price... For Ibe aprlng of i»g woolen Demand for Narrow Odde. Taking the aalea of each day of the cur •nt week on ur —*' ‘ prove to be large: conceal tbla fact. For _SS^B printers In New England are paylug 48-16 cents, tbe tame ae for regnlara. The supply of spot goods In all narrow cloth* I* f*r Tie- low present cello, end price* are con«e qnently firm and working upward. Tho wide conatrnrtloti goods In regular and blgb counts are eelllug aa far ahead aa agents care to commit their mllta. l~ H. Fairchild. Eatabllahed 188$. 8. J. Whitt. L. H. FAIRCHILD & COMPANY, NEW ORLEAN8. „ Members: nEI 95.1*°^ 9. otu S Exchange, New York Coffee El change 2*.*— ;Afb Cotton Lxchange. New Orleans llnnrtl of Trade, haw Orleans Block Exchange. Chicago Board of Trade. _ LIVERPOOL COTTON ASSOCIATION. „ w '™* to NEW YORK gad CHICAGO. Orders aelldted for future dellr- “ 7 00 »b«» Exchange. Ji. c COTUUAN. 1 "j MARKETS Mr. Lively's twenty-five years' experience of ed iting markets In Atlanta aod the 8outb has made him a recognized au thority In bis specialty. RANGE OF NEW YORK STOCKS AND COTTON MARKETS NAME OF STOCK. Coa*t Line. . American Sugar ltef. . Anaconda ..... .• American Locomotive. « do, prtferrsd . . •• Am. Smelting lief. # • . do, preferred . • .» Atchison do. preferred . . .. . American Cotton Oil. # » Am. Car Foundry . . • . Baltimore St Ohio . . • . Brooklyn Rapid Tran.# < Canadian Pacific . . • • Chicago aod Northw n. • cmcago a Great w. • • • • • Chicago, M., A Ht. P.. . . • . Delaware A Hudson. • • • • • Distiller'* Securities. « . . « » tlaaourl Padflo - SH NAME OF STOCK. N. Y„ Oat. A \V. National Lead. . • • # , Northern Pacific. • . • New York Central. , . Norfolk ft Western., . Pennsylvania. . . . , « People’s Gax Pressed Kteel Car, • . do. preferred, • • . Taclflo Mall. Reading. ....... Republic Steel. . • # • Rock Island. ...... do. prafarred. . . . United titatea Rubber. , do. preferred, • • . Southern Pacific, • , • , Southern Railway. ... , do. preferred. . • . . Bloss-Sheffleld Tenn. Coal ft Iron. • • , Texas ft Pacific. . • . • , Union Pacific. ...... United States Steel. • • . do. preferred. , . . , Vs.-Csr. Chemical. • • • , do. preferred. . • • , Western Union Wabash. do, preferred Wisconsin Central . , do. preferred . . .. LIVERPOOL. Tha following range and close* Futures opened Opening >w!ng figures give the opening dose, compared with yesterday; >pened easier. May May-Juna . June-July . July-Aug. . Aug.-Sept, 8opt.-Oct. . Oct.-Nov. . Nov.-Dee. . Dec.-Jan. • Jan.-Feb. . Feb.-March Closed steady. .. 6.62 6.62 .. 0.60-6.62 6.62 .. 6.60-6.52 6.62 .. 6.44-6.47K 6.46*4 6.52* .. 0.33-0.36 0.41M 6.27H-6.29 6.28 6.86 .. 6.20-0.214 6.20% 6.28 ,.6.18-6.19 *** .. 6.15-6.1BM .. 6.15-6.15*4 . 6.16 6.18 ■ a Si NEW ORLEANS. Tbe following In tbn rang, to cotton to- tnr.l In New Orlv.nn talny: Special to The Georgtan. ( From UorwarS, Mck & Clark.) New York. Jfay 27.-J. S. Beehe 4 <Xi f.f.mlon >1 to % below parity. One ratber Important failure In London. There aeema io response to good news. Tbe talk of gold exports was made more of than the heavy Increase of wrpjua In bank statement*, and bears sold the market on the failure of the market to respond to the statement , _ . . The lower prices from London may lead to further attacks on the market aud result In some depression. Stocks are very cheap, but the public do not come In. Town Topics: Wo advise purchase of good - railroad stocks and Amalgamated on -— »t the opening today for good ,u.u» ...tee the excellent bank statement and holiday breaking Into the week we do not look for a particularly active market at once or any movement of general Impor tance. Louisville and Nashville and Atlautlc Coast Line, Southern Pacific, Union Pacific. Great Northern preferred and Northern 1 a- clflc, Atchison and Baltimore and Ohio are decidedly In the Investment class and should be bought on all break*. . „ „ The beara have Erics, Southern Rallw Steel common and New York Central their control temporarily. Missouri, Kansas and Texas nst earnings are Increasing at the rate of 40 to 60 per cent The preferred !• an excellent Investment Cotton should be bought on reaction! for New York Financial Bureau: Union Pa cific Information continues favorable to pur chases on reactions, with limits maintained at 183 to 14a Reading held between 100 and 104 at present and seems to be a bear target Smelting between 113 and 119. but favor purchases on drops. Amalgamated held between 87 and 90, Atchison 86 and 89, Brooklyn Rapid Tranalt 61 and 64. 8t. Paul. Northern Pacific and Great Northern R referred well bought for investment. ortbern Pacific support around 124, New York Central and Pennsylvania finding sup port- at 2 to 3 point* decline. Steer suit- ported around 31 Good support In South ern Pacific on weaknesa. Professionals are ojierating In stocks accordingly and will May.. • , June.* • i July.. • , Aug.. • 4 Sept.. . , Oct. • • . Nov.. • . Dec. . . . Jnu. . . . Closed i I2.(e ’ i u lL7i 11.74 12.X 12.M 1123-2SI 12.02 11.92-94 1L76-761 11.73- 76; 11.74- 751 [11.90-12 12.00 12.22-24 11.96 I 11.94-98 11.75- 76 1L7 .? iLW-n 11.76- 77 NOTES ON GRAIN. Pointers on Provisions. Cblcego Record-tlereld: Export mle* of corn from Cblcgo during tuo text forty- Hgbt hours w.ra cstltu*tod Saturday by th. target .hipping house, a. nearly 1.600,000 huehele. Including enter made to dlatrlbutere, tbe eelea from b.rc In thl, period were eeetly 8,000,000 buehets. All of the export honsee were comlderebly surprised yesterday to Hud that every buebel offered abroad over night bad beeu accepted, although prlcea bed been lowered only e fraction In deference to the previous day's decline. Meanwhile New England and other eaateru atatee also accepted everything offered. Tbe big demand from abroad at tho good prlcea currant here la meant that tbe ltonmanian and Austro- Hungarian situation la not promising aa regards the supply of feeding stuff. Tho reporta Indicated that tbe forage supply. Including pasturage, waa of a sort to pre clude extensive Danublan export*. The ord of expert, from Argentina for tbe ir to date also Indicated llttl. relief from it quarter, thui precipitating tbe corn ed demand, on America. Argontlne ablp- nt* nine. Jan. 1 have aggregated 6,721,000 bushel*, a* compared wttb 18,710,000 bushel* "ft"’l* ^generally conceded now that tlw winter wheat crop cannot exceed 325,000.000 bushels," said F. P. Frasier. "Tbe aprlng wheat acreage I* fully 10 per cent abort of last year, io that even If the yield per act should be as good as In 1906 the crop wl not cxiwed 217.000,000 bushel*. Th e la totnl wheat crop of M!,000,060 hu*hcl». or * shortage from laat year of nearly 200,W0,000 bushels. -From reliable advice, the Euro pean crop* nre short over 200,000,000. Th!a will make the world'* shortage over 4W.0W.- 000 bushels." One of the leading local authorities makes tbe following estimate of Rtmhela. ...150.000.001 ... 60,000,000 ... 60.000,000 ... 70.000,000 ... 60.000.000 ... 30,000,000 WHEAT WAS EXCITED AT Was a General Rush to Buy By All Classes of Operators. Chicsgo» Slay 27.—Wheat showed lesn life tnd less breadth todny, yet fluctuations were wide. The market closed higher f«L tha day. The tact that Liverpool ctuue up. Oats were up to un changed. Provisions unsettled. Cash transactions hero were 30,000 bushels whent. 60,000 bushels corn aud 100,000 bush- CHICAGO GRAIN MARKET. United States Russia Austria-Hungary Germany Uouroanls and Bulgaria Sundry Totl| | 400.000.0UO ArgentVne 'wcckly cable nay* th. wheat market I, dnu with n good demand. Ar- rival* from the Interior are liberal. The weather la favorable and .owing of wheat In the north le pweeecllng snf sfnctorlly. Tho corn market I. very Arm. with a good demand, with freer offerings Privet* cable ranort* from London raid crop advices from Rusal* were coming very lind. and that continental market* were taking oil offera of whent cargoes off coeat. Report* from 200 western banker, to an eaetem trade Journal P>«e« wheat pr«»i>ect at 60 to 60 per cent of su arena* crop. Good reports were made as to Nebraska, end the pnrlona rerorts of losses In Illinois. Indiana and Ohio were nlcd aa much exag^erat.l. 'Rnn i* Br«n *b*a”miil aatnpln of whent from \ve«ttnor*iand county, P*nn- grlvanla. Infested thickly by the green bng. Hnmmcrlleld conntr. Msnrland a *.. renorl- ed xrcen bugs plentiful. Updlko Gnilo Compnny of Omaha had wheat sample, fromiUrvsrd, Neb., shewing wheat Btalks literally alive with the bugs. crate; lettuce, headed, tcttrii, ROO02.OO per crate kraut, half barr.L8JJ6; bean., round green. 82.60 erst.: wsx, ll.2S01.6O erst.; ne paragus, 1602JC 2-pouml bnuches; English >eaa. 81.75 crate; cucumber., 82.50 crate; leets, 83 crate. GROCERIES. RICE—Jap 50(Hc; head <07c; fancy bead 6^007. according to tbe grade. CHEESE—Fancy full cream dairy 17V4e; '"'iHIAll^Btandard Rrenulated. C^c; New York reflnetl. 4*4e; idsutatlan, 6e. COFFEE—hoasted Arbueklei 816; bulk In iaga and barrels 12c; green 11012c. Shredded biscuit 85 case; No. 2 rolled oata 83.‘.’5 case; sack grits, 06-pound lings, 81.85; oyster*, full weight. 82 case; light weight 81.10 caaa; evaporated applet JHc_pound: pepper 18c pound: baking powder 85 caae; re.1 salmon 85 case; nlok salmon 84.85 caaa; cocoa 40c; chocolate 33c; snuff, 1-pound Jars, 48c; roaat beef 82 60 caae; corned beef 82.6o case; catsup 81.96 esse; sirup. New “ illoo: “ - - - leans, 35c com 26e gallon; Cuba jc gallon; — . 35c gallon: Georgia cane 36c gallon: salt. lOO pound, 56c; asi. grease 81.75; soda crack er* 6tsc pound; lemon 7c; oyater 7c; bar rel candv. |wr pound. 6V4c; mixed, per pound. 64c; lomatoea, 2-pound, 81.96 eaa.; s-imund, 12.25; navy henna. 82-40: Lima bean* 6e; heat matehe*. per groaa. 11.65; macaroni, 6407c pound; sardlnea, mustard. 83.25 cate: potithh. 83.20W3.86 case- pennuta. 8e; rope, 4-ply cotton. 18c; soap, 81.6004 caaa PROVISIONS. PRO VISIONS--Supreme baus, 13e; tiel- 26025 pounds average. 104; fat K.124; Supreme lard. 164; Purity nt, 84: California hams, 10c; dry for today follow. Previous Op«n. Illgh. Low. Close. Clos. 094 1004 1054 1024 103 544 534 534 614 WHEAT— May .. 100 July .. 101 Sept. .. 102 llec. .. 103 CORN- May ... 554 July ... 54 Sept. .. 644 ltec. .. 62 OATS- May 49 43 July ... 484 49 48 49 * 38,4 Mny July ...16.40 16.52% 16.40 8V £ar * 18,62% 16,65 Mny ' July ... 8.97% 9.10 8.97*4 9.22% 9.10 May July ... 8.75 8.80 8.75 Sept. .. 8.874 8.96 8.874 OU 63% 61% 48% m 39% WEATHER REPORT. WEATHER CONDITIONS. The storm area that vran centered near Omaha Saturday morning has moved no oaxt and Is now central near Buffalo, ... Y. As a result of this storm area rains have been general over the state* oast of tbe Mlnalsalppl In the lsit 24 hours. Following lu the rear of the low area la an extennlva areu of high presaure, accora- R anled by clear weather aud unseasonably >w temperatures. Frost occurred this morning at a number of stations In the west and northwest, heavy at Bismarck, N. D., Huron, 8. I)., North Platte, Nebr., and light nt Kansas City, Omaha, Davenport, aud 8t. Paul. * Tbe eastward movement of the western higher ares will be favorable for fair weath er In this section tonight sud Tuesday; colder toulght. COTTON REGION BULLETIN. STATIONS ATLANTA DISTRICT. 16.36 16.42% 10.57% 9.00 9.07*4 9.22% ii; 16.40 16.60 16.70 8.96 9.02% .9.15 8.76 8.77* 8.92* LIVERPOOL GRAIN. Wheat opened % lower, and at 1:10 p. m. 1% lower, llosed %Q% lower. .torn opened unchanged, sud at 1:30 p. n %©% lower., Cloaed uuchauged to % hlghe VISIBLE SUPPLY OF~ORAIN. t YJSSu* w heat shows decrease of 196.001) bushels. Corn decreuae 1.406,000 bush els. Oats lucreaso 642,000 bushels. LIVE 8T0CK MARKET. 20; good to ehotca heavy, 8a.O60g.la. Cattle—Receipt*. 25,000. Mnrket »teady; H 25 ®?- 60 : cow. 81^004.80; heifer*, 82.6006.40; calves, 84.5000.75; guotl prime steers, 85.4600.50; poor to mrdlnm. 84.300 5.40; stockera and /eedora, 82.0005.2 •’P-Re^JPta. 18.000. Market , 84.5000.36; western, 34.504 ' 30.100*71); lambs, 80.2508.0 steady; 40; year- westeru, NAVAL STORES. Special to The Georgian. Buvannnh. May 27.—Turpentine firm nt tale*. 384: receipts, 691. Boalu firm; aalea L342: receipts, 1,427; Nf St« r 85 W 55 h h: fiSi U8ae '- 85: e> Hfo « 4 T5: THE SUGAR MARkIt. w York. May 27.-The domestic rellncd and local raw sugar markets steady and unchnugcd. London beet eugnr mnrket ‘ udy, with May uud June unchanged nt CHICAGO CAR LOTS. The receipts of . . grain Id car lots today aud estlmuted receipt! for tomorrow are ae tollowa: Today. Tomor ''beat 31 54 y»rn 241 474 Oats 155 3)0 Hogs, head 60000 18000 FLOUR AND GRAIN. FLOFR—lll*hc*t patent. 15.66: best pat ent. 85.40; standard patent. 84 75; half pat- cut. 84.50; spring wheat patent 86. CORN—No. 2 white. 7»c; choice white. 81c; white feed, 78e; No. 2 yellow. 78e; mixed. 76r: eracke.1 corn, per bushel, 76c; liulle, 811 CHICKEN FEED—Fifty-pound aacka 80s; Furtqa chick feed, 8100; Victor feed, 81.35; brand feel. 81.80. OATS—No. 2 white, COe: No. 2 mixed, 59c; Gulden oats. 60c; white clipped, etc. MEAL—l'laln. per 96-ponnd sacks, 74c: 48- , mnd sacks, 76c; plain, 20-ponud sacks, 77c; 1 germ fl.28 HAY— 1 Timothy, choice large hales. 81.35; do. choice email bnlca, 81.35; N<>. I. one- I 'hlrd bales. 81.25; No. 2, one-third baleig , *1.25; No. 1 clover. lulled. 51.25; ehohe i prairie 81.00; llcnumtn. II. 10. SHORTS—Choice wolte 81.15: Texn while I 81.35; fancy. SO pound, 81.50; brown, to to 100 pounds, fix. THE METAL MARKET. New York. May 27.-At tbe metal ex- .'Imaged. Atlanta, cloudy. , . . -Chattnnooga, cloudy. Columbus, pt. cloudy. Gainesville, cloudy,... : •Macon, clear. . , , . Montlcello. clear. • , . Newnau, clear. . . , . Rome, nt. cloudy Kpnrtanburg, cloudy. . •^Tallapoosa, cloudy.. Toccoa, cloudy Wcat Point, cloudy... “TS1HT 1 “ .rf ill ill THE COFFEE MARKET. New York, May 27.—Following are coffee cables: Havre, 10 a. m.—Market ateady; 12 noon, unchanged; sales, 12,000. Hamburg, 10 a. m.—Market unchanged to % pfennig decline: sales, 12,000. Rio receipts. 7,000; stocks, 907,000; market dull; shipment* to United States, 1.000; clearances to United States. 3.000. Total, 6.000. Clearances to Cape, 3,000; shipments to United States. 8.000; Europe, 4,000. Recelpta at Sontos, 44,000; 8no Paulo, 34.200; Jundlahy receipts, 32,000; stocks, 2,397,000; market quiet. 8antos clearances to the United States, 45,000: Europe to Germany, 60.000. Total, 178.000; shipments to the United States, 45.000; Europe, 219,000. The following flgui _ range aud close lu tbe January.. February . March .. • April .. .. Mny .. .. , June .. •• July August .. c September . October .. November December - Close steady; sales, 40,000 1 Initial Prices Showed Many ' Sharp Losses in Active List. LONDON WAS LOWER. Was the Main Factor for the Decline in the Ear ly Trading. ket for the Am two hourn of bushms. today was practically demoralized et cept on the famous March 14, and om or two occasions subsequently lower than at any time this year Tl « decline today, moreover, was notab * In a way more than at any previous stage of the season because it cam, upon the lowest level that prlcea have so far reached. The general average at Saturday's close was below all previous low points yet on top of this there was a further drop this morning of from 3 to 5 per cent in the active shares. To look for any explanation In the day s outside causeB would bo fu. tile. The great factor In tho market, as It has been for some time nash was extremely heavy sales In the na ture of forced liquidation for the ac. count of hard-pressed financial Inter- ests. It was the mystery concerning tho Identity of sellers and the Imnos- nihility of forecasting how much fur- ther this liquidation would have to go whlfch were the unsettling inlluenccs In the dealings. At midday the force of the selling had diminished slightly, but there was no recovery to speak of. MINING STOCKS. Iloston. May 27.—Opening stock*: North Butte, 85; Mohatvk, 84; Copper Range, sou- Callfornla-Arlsona, 167: Arcncilnn, 6; Shah! non, 18K; Butte Coalition, 25; Isle Royal THE LONDON STOCK MARKET. STOCKS— JOpn 2 pm Clos COTTON SEED OIL. th. New York cotton ae«r oil market: Opening. Close. May 68 July .. .. „ „ ,. .. „ 67) September — October .. „ «- — November M ». , J® temperature for the 12-hour »- rl 2?n eod . ,n €, ® thl* date. “ ••Received too late. Not Included lu aver- CENTRAL STATION. Charleston. . , Galvestou. . . Memphis. . . , Montgomery. , New Orleans;, Savannah. . Vicksburg. . , Wilmington. , DISTRICT AVERAGES. Uf 13 Temperature. T. Indicates Insp yesterday. ••For 2 76tb meridian time. Remarks. Temperatures over the district are slightly lower than yesterday. Precipitation has been general throughout the eutlre district. J. B. MAltBUKY, Section Director. WEATHER IN COTTON BELT. Texaor—Fort Worth, clear and warm; no rain. Temple and Austin, clear and pleas- ant. 8au Antonio, cloudy and cool. Taylor, cloudy; light rain yesterday. Houston, lairtly. cloudy and cold; nortberu wind .flowing; temperature, 50. Rrenhatn, cloudy; rained last night. Galveston, partly cloudy: ruined last night. Mississippi—Jackson, cloudy and cool; hard wind and rain yesterday. Ilnslehurst, cloudy and cool; rained yesterday ami Inst night. Tupelo, cloudy and cool; rained Inst night. Greenwood, clear and cool; hard wind storm lust night. Natchez, clear; ruined hard nil night. Vicksburg, clear and pleasant; hard rain Inst night. I^tulslnnn—I^ike ('harles, clear and warm. Alexandria, partly cloudy and cool: terrific rain, accompanied by wind and hall. last ‘ t. Opelousas, cloudy and idensant; hard - and wind storm last night. Monroe. clear and pleasant; mined bard nil day esterdny. Shreveport, clear Slid pleasaut; ight rain lust night. Alabama—Huntsville, cloudy and cool; been raining since 8sturdily noon. Flor- ?uce, partly cloudy and cool; hard rain nil resteniay. Selum, rain and wfud storm nst night. South Carolina—Columbia, partly clomly and cool. North <’nrolIna--Chnrlotte, cloudv and hi!; showers since Saturday nffermion. Georgia—Atlanta, cloudy atnl warm; hard rain yesterday afternoon. Augusta, clear anti warm; hard ruin yesterduy uml last night. Tennessee— Memphis, partly cloudy and cool; rallied last night. STATE FORECASTS. MONEY AND EXCHANGE. New York. May 27.—Money on call 11-202; time loans, 60 days 3 3-4; 90 days 3 3-404; six months 41-204 3-4. Posted rates; Sterling; exchange 14.84 1-204.87 1-2, with actual business In bankers' bills at 84.867004.8675 for demand and 84.835004.8360 for 60-day bills. Prime mercantile paper unchanged at ;6 1-205 7-8. London bar silver firm, l-8d up at 31d. New York bar sliver 67 l-4c. Mexican dollars 62c. west winds. Virginia—Partly cloudy Monday; showers In southeast portion. Tues day fair, cooler In south portion; fresh southwest to northwest winds. North Carolina—Partly cloudy Mon day, possibly local showers; cooler In extreme west portion. Tuesday fair, cooler; fresh southwest to northwest winds. South Carolina—Showers Monday. Tuesday fair, light to fresh southwest to northwest winds. East Florida—Showers Monday and probably Tuesday; cooler Monday In northwest portion; fresh winds, mostly south. Alabama—Generally fair Monday and Tuesday, except showers Monday on the coast; warmer In the Interior; fresh northwest to north winds. 'Vest Virginia—Showers Mondny. Tuesday fair; fresh northwest to north winds. Mississippi and Louisiana—Fair Monday and Tuesday, except showers Monday on the coast; cooler Monday; fresh north wind*. Anaconda.. .. ........ .. Atchison do. preferred .... Baltimore and Ohio.. ., .. . Chesapeake and Ohio Chicago and Great Western.. Canadian Pacific Erie do. preferred ., ,. Illinois Central Kansas and Texas—. •• .. .. do. preferred Louisville and Nashville.. .. Mexican Central Norfolk and Western.. — — New York Central.. .. —. .. Ontario nnd Western.. ., Pennsylvania.. Philadelphia and Reading.... Rock Island 8,'mithern Pacific ,. Southern Rnllway do. preferred .. St. Paul Union Pacific mm.. •• United States Steel 33% 1 13fVl36»i 317m) 63% 111% 111% 109% 109% 33%' 119 1119 101*4101 is% 77% 76% 18%. 57%. 17% 126% 126% stem L. H. FAIRCHILD £ CO.’S WEEKLY COTTON LETTER. Npw Orleans,, .May 27.—Under ordinary conditions we wbnld consider the present prices of fall months os high for this sen of the yenr, but we do not believe shonld base conclusions this yenr on what has happened In tbe past Conditions In cot* ton trade have changed rapidly. Consump tion of cotton baa Increased on n tremen dous ocale, the price of dry goods has been put on a higher basis, and the cost of mak ing a cotton crop haa Increased at a rate out of proportion with the Increase of uew cot ton. Notwithstanding the fact that we have had several large cotton cropa In succession. It Is nppareut to those who keep In touch with tho statistical position of cotton that there will be hardly a bale of desirable rot- ton by the end of tbe summer, nnd should the growing crop prove under tho average, widen seems very probable, uo one could predict Just what prices would prevail later Jsts Insist that conditlona are the •orst ever known nt this season of the yenr. No doubt reporta are greatly e ‘ 1 In numerous Instances, but we v........^cd that perfect weather from on will l»e absolutely necessary to mats ren nn overage crop. Considering tne fact that there were sev eral European holidays last week, we con sider the weekly figures as bullish, espe cially the spinners' takings, which showed compared with 194,000 last year and 192.000 yenr before last. The government report on acreage conditions coming ont on June 4 will proba bly be extremely bullish, and this, with the strong statistical position of cotton the world over, convinces us that It Is danger* on* to go short of cotton, even on bulges, and we continue to favor purchases ou any moderate reaction. New York. Boston. Chicago. Washington. Baltimore. Atlanta. New Orleans. 8an Francisco. Philadelphia. London. Georgia—Showers Monday; Tuesday I fair; light to fresh southwest to north- HAYWARD, VICK & CLARK, COTTON, 8T0CKS, BONDS, COFFEE, GRAIN AND PROVISIONS. Carond.let and Gravl.r St*. New Orlaan*. MEMBERS: I New Orleans Future Brokers' ASMcistls* N.w Urlran* and Chtricu Boards of Trade N*w York loff*. Excbnncc. Associate klrmhdr* [Jverpoot Cottsa ia* ftew Orlran* Cotton Exchacc*. K*w York Cottoa t'xrhaax*. Galveston Cottoa Firhiax— Uoustoa Cottoa exchange. i. B. I ■ACHE A CO.^ANd'baRTLETT’^f'r^^i'er'IL*’CARRINGT08L Ths Atnericah Audit Company, 100 Broadway, New York City. F. W. LAFRENTZ, C. P. A., Pre«. G. E. MANWARING, Vice Prefc THEO COCHEU, JR., Secretary. The American Audit Company, chartered under tho laws of New York, is empowered to examine the affairs of, and mako reports upon the finan cial condition of private and public concerns for director*, officers and In dividuals. Tho preparation and Installing of systems a specialty. ATLANTA BRANCH, 1015-1016-J017-1018 FOURTH NATL BANK BLDfl. C. B. BIDWELL, Resident Manager. Telephone, Main 872. Cable Address Amdlt, New York. FRANK HA'VKINS, President. II. M. ATKINSON. Vice-President. THOMAS C. ERWIN. Cashier. JOSEPH A. U'CORD, Vice-President U. W. UYEU8. Assistant Cashier. Third National Bank Capital - - - - $200,000.00 Surplus and Profits $400,000.00 DR. A. W. CALHOUN. MILTON DAllGAN, JOHN W. GRANT. II. Y. M’COltD, FRANK HAWKINS. J. H. NUNN ALLY, J. CARROLL PAYNE, ALONZO RICHARDSON & CO., PUBLIC ACCOUNTANTS AND AUDITORS Cmplre Building. Sell Phone, Main 853* ATLANTA. GEORGIA*