Atlanta Georgian and news. (Atlanta, Ga.) 1907-1912, May 28, 1907, Image 10
TTEflDAY, MAY M. 1W7.
THE ATLANTA GEORGIAN AND NEWS.
TRADE IN FUTURES
ACM AT START
Business More Along Pro
fessional Lines Thau
on Tuesday.
CLAIM GOOD WEATHER
Opened Lower and Recov
ered, But Again, Sharp
ly Declined.
' *
New York, May 28.—Trade at the openlnj
of the local cotton market waa actlre, bu
more along profeaaional llnea than ysater
day* and at f o'clock all the positions were
cr In the Booth baa tnaplred caution In
commlaalon house circle*. After the call
the Hat gradually harden*
| last night's close.
The Liverpool tnnrkrt opened Tnc*day
morning sharply lower than doe. Tbe close
was quiet 6ft to 9 points lower. It was due
6ft to I down.
The following Is the range In the active
months In Liverpool todays^HHH
** Open.
January.February ....6.13ft
M«.v-June M „
July-An gnat 6.46 6.47
October-November ....6.20 6.24
Spot was In poor demand at 5 points low
er: middling, TM\ aalea, 4.000 bales.
New York waa active at the opening, with
prices S to 6 points lower In re*|M>nae to the
unexpected weakness In Liverpool. Opening
prices were the lowest during tbo morning.
The weather la unfavorable.
The tendeucy waa downward after mid
day, and at 2 o'clock al Itlie positions were
NEWS AND GOSSIP
of the Fleecy Staple.
Special to The Georgian.
(From Hayward, VlcV A Clark.) _
New York, May 28.—J. 8. Bache A Co.:
Liverpool • was due 6ft6* lower. Opened
easy :>ftQ7ft lower - on near and 7ftfi» low*
er on distant. At 12:15 p. in., eaay, net 8^
10 lower on near and 76Sft lower on distant.
Spots dull 5 points lower; middling 7.08
sales 4,000; American 8.800; speculation
Ion and
High Low.
fi
OI A l"n IHrilllR. HUl 11 HU* him HUl'l,
dose lielng steady net 6 to 11 points lower.
C Comparative receipts at sll U. B. porta:
Net receipts Tuesday lo.'/'-O
. Same day last year W.tt5
Deereiie t
Total recel
' Same days
Decrease
Total receipt* since Heptember 1..;.9.603,110
Bime time last year 7.462.668
Increase 2,150,647
Estimated receipt* Wednesday:
New Orleans !° 1*522 5‘522
Galveston 1.600 to 2,000 2.484
Houston 1,600 to 1,900 2,294
Movement at Atlanta; ^
Receipts Tuesday, May 28 hone
Bams day last year 97
Decrease 97
fehipments Tuesday, May 28 .... 267
Fame day last year : 211
Increase ... 46
Stock on hand Tuesday, May tf....... 5.851
Same day last year 4.622
Increase 1.229
SPOT COTTON MARKET.
Liverpool, easier; middling uplands 7.08.
Atlanta, quiet; middling 12ft.
New York, steady; middling 12.25.
New Oceans, quiet; middling 12ft.
Port receipts today estimated at
against 16,725 last year.
The long looked-ror reaction In cotton fu
tures Is here. Liverpool selling and New
York manipulation has Induced some li
quidation. when this run* Ita course, tbs
market will turn for t!ie better. Would
bu/ on this break. Weather continues bad,
cold and raw. Do not see bow • decline
...., ..lih little for sale. Hard to gauge
for the day, but It Is a buy to keep. . _
Following are 11 a. id. bias: July 16.99;
September 11.02; October 11.24; January
A - Ca rpentsr-Baggot broker cams In with
selling orders and cro
from him..
Dick Bros, estimate the condition St 78,
and acreage Increase at .5, It Is bearish,
and "acreage Increase at 4.6. It Is bearish,
though New Orleans sold on Jt at first.
New Orleans a big seller of cotton here.
Market acts a bit tired, and there Is in.
elf nation here to hammer, but would itlll
* iiy It on soft sputa . _ _ ...
Howard Wilson selling market otf. Not
ueh demand. *
Local trader* went abort this morning,
id are getting nerrotf* now. It will close
higher unless the Wall afreet crowd soils
heavily again tbla afternoon.
-Tew Orleans, May 28.—Hayward, VI
_ Clark: Tbs market opened about (
changed. Buying on the cold weather pi
rents a decline, but the feeling Is Intfast
by tbs selling by leading people In N«
Exjiect* the^market wld be. bought - todi
„a damage by cold weather and. expect
tlon of bullish weekly Weather report •
Tajnlng all over Oklahoma and IndL
rrltory. * l
MONDAY’S MARKET HELD CLOSE
TO SAFE NARROW COURSE
New Orleans, May 28.—Tbs Tim*
‘Yeaterday's cotton market b
ernt:
to tbi
Met; middling 1
vfssaaA-
Norfolk, firm;
-Baltimore, nominal. Hnimnu» «v.
Boston, steady; middling 12.85.
TODAY’S PORT RECEIPTS.
The following la We shows receipts at tbs
New Orleans.
Halreston. • •
Mobile
Savannah. • ,
Charleston. . .
Wilmington. .
Norfolk. . • . .
New York. . .
Boston
Philadelphia. .
Pensacola. . , .
Various. . . .
Tot,!-
2364
‘IS
*18
INTERIOR RECEIPTS.
The following table shows receipt* nt the
Interior downs today, compared with the
Mme *day last yrat: t
Houston. .
Augusta. . ,
Memphis. .
Total
SI
I
HAYV/ARP. VICK & CLARK'S
DAILY COTTON LETTER.
during the p*,t twenty-four hour, were
•■•In unfavorable, not on ureonnt of mine,
wbtrb were confined to Te«*» ami the tarri-
torlei and were raoetly light, but owing to
low temperaturea throughout tbe bait, ner-
. eral |.'lute In the northern- and eaatarn
•tatea reported In the neighborhood of 40
drgreea, aome hrlow, which uiuat be harm
ful to youag cotton.
Owing to tbeae condition, onr market
paid no attention to the decline In Liver-
tral and weateru amtea. Fair but cold
weather prevailed In the eaalern half of the
belt. Indlrattoua are for continued fair or
partly elnudy and warmer weather.'
The pubtle spirit ta strongly- In favor of
cottou. - Nevertheless upturna In the market
today were ahort-llred. and Near York
•bowed by Ita action that powerful Inter
eata are opposing au advance. The market
tntereat for outride account li itrong In an-
--Ipatlon of a bulllah human report, but
ratty anlld ground owing to protective
margin cults which Increased with the ad
vance. The market may be held down for
a while, owing to abaence of proper profea-
, atonal aaalatance, hut In the face of contin
ued unfavorable weather there can not he
much depression, and all reaerve might he
overcome one of thcae daya If the weather
doea not aoon Improve very materially.
New York, Nay 28.—J. 8. Barhe 4k Co.;
Some liquidation In Liverpool and-oetllng
by New York brought lower prlcee abroad
thl, morning. On the opening decline there
waa an accumulation of baying ordera
which brought an advance In the fur
month! of MSI point.. Late prices ruled
quiet, and there waa a disposition to awnlt
the weekly weather report. Thle report
was partly bulllah.' but, lu many state.,
pleasant weather prevailed, and the room
crowd put a bearish Interpretation on lie
report, and sold October and UecemlHC
tnry and OkL
peratures much lower. We etltl feel bullish
and would buy without any hcaltutlon ou
thla decline.
cause the big operators were not support
lug tbe staple,-and also because, In the ah
nence of aueb aupport. leaser llgbta In tbe
high price. Armament feared the loneliness,
of their situation. Helling waa In peralatent
evidence all day. Liverpool waa rather
bad gt the opmtlni • - • . . . .
Tails protested rl ..^W
sertlon by n Oeorgla aiponent of crop
weather to the effect that conditions In
the lone Star State were encouraging.
Crop advices generally Indicate aome little
abatement of pessimism In the Interior.
Port receipts alnee Friday aggregate only
16,688 biles, of which 5,666 were export
clearance! to Japan. * naalcally, the altoa-
tlon has undergone no potential change for
the better, though.the gttltude of opinion
,ng. operators may bare altered th«
,lcnl position of the market somewhat,
late relation# of anpply and demand
will ngnln attract a full measure of, at
terttlon. and It Is well within the possible
that the coining huregu report by the gov
ernment will cnifbentrnte Interest In very
ewlft order.”—Hayward, Vick & Clark.
GOVERNMENT WEEKLY
REPORT ON WEATHER.
' Georgia—Pair qnd pleasant weather pre-
vnllcd most of tbe week. The temperature
waa below normal. There Waa conslderablfl
oloudlnesa with showers from tho 24tb .to
the 26th, but the rainfall waa.below.normal
except In the eaalern portion. Tbe sunshine
was above fhe average for the season.
Uiulslann—
nortni ‘
with _
reported fwi -. __
•ml southern parishes on the !4th. The
preelpltatton was much abate normal. Tho
BimUliInc waa normal In tbo north portion,
hut below normal In the southern portion.
‘ Mississippi—Tho weather waa generally
favorable. Tho first four days wore- fair
with muoh sunshine, tho last three mostly
cloudy with muderute showers. The raltie
were fairly well distributed except over p
few small areas, where heavy rains fell.
The Scan temperature wua slightly below
Alabama—Tbe daya were quite warm, lint
• -tt:-:. l ■ ■ —
NEW YORK. J.
The following la tbe rouge In cotton fu
tures In New York today:
1 ’ '
t
1
i
'S:
•i\ 1
Is
oftd
STT;
July.. ... .
Aug
dept
Oct. . . . .
No r
live
Jau
IMi
iois
1 ‘ • *7
U.'C,
IUj
n g
11.33
11.45
10,94
111 06
11.'-2
11.19
1L3$
MM
11.40
11.51
10.90
is!
20.96
11 It
itg
11.25
11.35
10.93)10.^1-92
10.88-96
10,99 10.9S-99
10.92 10.91*92
10.99-10.97-99
11.21111.20-21
11.28 11.22-24
11.3011.30-32
11.431L 42-43
l'* •*■■7
11.03-04
11.00-02
21.08-09
11.28-29
11.31-32
11.37-38
1L60-61
•Closed steady.
tern Inches In the weabcentral counties.
Elsewhere It waa below normal. The arnouut
of sunshine was normal.
Teisa—There were numcrona heavy show
ers and much cloudiness over the.eastern
half of tho state, delaying farm work aev.
eral days. Thunder atorms. aome with hull
and high winds, occurred on sovernl dntoa
and deatmctlve local storms or tornado
character occurred in Vnn Himilt end Itnlns
eountlea on the 2Sth. Generally deor weath
er with Httle. or no rain prevailed In the
weateru and northwestern counties. The
temperature was nearly normal, but the
week closed with cool weather.
North Curelliin-Tho mcun temperature
was about 2 degrees 'below the nornml.
Tuesday and Wednesday were ispecially
cool and freeslng temperatures were re-
ported on the latter day In many places.
The precipitation waa considerably below
normal, and more rein la now needed In
western districts. Sunshine waa abundant.
Oklahoma and Indian Territory—Tho fore
part of the week waa warm, clear, and fa
vorable. The latter part waa cool and geu-
-loudy with heavy to excessive ruins
southern and western portions and
light rains In tba northeastern. The mean
temperature waa nearly normal. The 8th
was unseasonably cold, but no frost wnt
reported. The sunshine was above normnl.
South Carolina—The week waa clear until
Saturday, hot the last two daya were cloudy
with frouueut showers. Tba rainfall was
heaviest In tho Savannah valley counties
and tvaa generally halow norma I i elsewhere.
u temperature waa allghtly below
The sunshine was eacesslye, al
though highly beneficial.
Tennessee—The mean temperature waa
•Ughtly belmv uortual, with unusually dow
morning temperature on Tuesday and
Wednesday, but from Thursday to Haturduy
the week waa warm. Showers occurred on
the last three daya, but they were gener
ally light, and. rain Is needed hi eastern
counties. There were three clear daya.
Conditions ware generally favorable.
Arkansas Mean temperature was slightly
Itclow normal and tbe laat day waa un
usually cooL During the latter part of the
week there were scattered showera and to-
rally excessive rains fell In the southern
and eastern port Iona Friday. The rainfall
was above normal except In tbe extreme
north portion. Tbe sunshine wua nearly
normal and the weather waa generally ftt
Florida—The temperature was nearly nor.
mat. The warmest weather waa on the
si., nn.i sen, Heattered shower* occurred
23d to the 26th, falling mostly lu
ATLANTA MARKETS.
riitun-nrinr. iw. # -
LIVE POI’I.TBY—Hena, active. 40e each;
chickens, active, lHjXc each; ducks, 1‘eklu,
30c each; paddle 25c each; geese, full
feathered, 40c each: turkeys, dull 1216c
P 1jKE88ED POIjl.TKY—Turkeys, undrawn,
aetlte 14015c pound; fries, active, 25630c
pound: bent. Me pound.
PRO PUCK—Lera lOGllc pound: ham* to-
tlT# 16c pound; shoulders actlre loeile
pound; aides active 11c pound; butter active
50fc22ftc pound; tieeewsx sctlve, 26c |>aund;
* . bright, actlre 10c pound; honey. In
Edited by
Joseph B. lively
MARKETS
Urely's twenty*flTs
pears' experience of ed*
Itlng markets In Atlanta
and tbe South has mads
him a recognized au
thority to bis specialty.
RANGE OF NEW YORK STOCKS AND, COTTON MARKETS
LIVERPOOL.
NEW ORLEANS.
r Tlio following !h the rang© In cotton fu-
tures In‘New Orleans today:
Open.
High.
3.|aa| c
a
Muy.. . . .112.02112.02
Jfine..i, ......
July 112.25:13.27
AU*.. , .». .t.—1.._.
■ : iuoii'M
! nee.".'. ■. .' ii.7»iL77
Jan. . . .ln.74lU.7S
11.88111.88111.88-89
..d.. ..... 11.98
12.09 12.18 12.18-19
11.90
11.85 .
11.60 11.72 U.72
...7. ..... 11.68-70
11.5711.67lC«7-68
1L5911.70 lliTO-72
11.95
12.00
12.25-28
12.02
11.92-94
11.75-78
11.73*76
11.71*72
11.74-76
Closed very atoady.
NOTES QN GRAIN.
Pointers' on Provisions
Special to The Georgian,
(From Hayward. Vlclc & Clark.)
Chicago, May :s.—Bartlett. Frailer 4 Car
rington: 1 Relieve wheat a purchaso on nil
soft spot*.
Itocelpts of corn promise to Increase con.
stdorably, and It will tnke continued ensh
demand to hold the market.
Look for lighter receipts of oats from now
.1, but with springlike weather the dc-
'erred futures may aell off some further.
Dellere eventually, how.ever, that they will
work to higher price*. ...
•Woold prefer to buy provlglons on nny
... day) Chicago board of
trade-will’close.
■ Chicago Ilecord-Heraldi Patrick Cudahy,
of Milwaukee, takes a conservatively bear-
lab view of the provision .sttuntlon. ”It looks
as though there were plenty of hdgs,” Mid
the big paeker. ”1 think It la going to he a
»_r . .... ... w uf
prMMtrOi.
of hogs, bowerer, are too high, compured
•lib the.price of-corn. We ought to
uyln *
huh i
feeders I
ropann
nu-ut/ ar'c' corrccf. logo'thcr with the lii
crease In tho packing, the stocks of
meats In Chlcogo can show an Increase-..—
tng May of between 2J,OA\t>j) and 40,000,000
pounds.' • ' ■■ •
Budapest cal»Ie<! A. O. 8tanghter, Jr., &
‘'llungtry half crop. Houmanta nnd
Bulgaria droiignt has dona .eerloue damage,
nnd the dnmagu le - irreparable. Autwerp
cables: "Houinenia wheat nnd corn crop
prospects arc ver^ bsd. It is a national cn-
Wheat speculators were bringing the plnn*
et* Into the arona Saturday and were clfcu-
lstlnt the following: "Illcks, the wenthor
man, says tho weather In June will be phe
nomenal. l!o claims that no man ever saw
Fhe planets in such position as they will be
*■June, and that the dlsturhsncer
lie something marked nnd wouder-
‘" ‘The wlient market looks as If It was otct
a dollar to stay," says J. A, IUukln. "Most
of tho weak holders hove sold out and
be good buyers on nuy advance. >\ltt
foreign sltuntton coming, h* lmd If
worse than our own, It can only mean much
higher prices." ’ *
WHEAT HEWS BEARISH)
CAUSED SHARP DECLINE
■ . - -i. j • ,
Trade Big and Active—Was
General Rush to
Sell Early. < j
bushel: itoek Jt.76«tl5 bushel.
FttUITB—Lamons, fancyUcsssna, 8o.00;
bananas, per bunch, cuus. actlre 81.00;
iri ralihtB W cta'
Florida atock, l-
•lock, owing
arrival, per box. .
.. peach, l 8263 per crate. Grape
fruit, Florida stock, owing to alia anil
color, prr box 82,5003; limes, Florida stock,
per i00 >1.50; peanut*, to lack, averaging
bier ^°- w I n p g p.w»,«
VEGETADLEH—Tallow gquaah. ll.!5«tM;
white aqoaah cfe.60-crat»jcahhaga,crata.
3c lb.; tomatoes acllvs, S3.00&3.2S; potatoes,
naw, 84*4.60 barrel; oalona, Louisiana,
St 76 prr bushel; Egyptian, 4c pound; old
Irish potatoes aCtlTa il.J581.20 bu.h.l; c«b
grren’, 12.60 crata: wai, IL258L60 crate; ••-
paragua, 16820c 2-pouud bunches; English
»aa, 11-75 crate; cucnmbcra, 12.60 crate;
rests, |3, crate.
(inouunico.
RICE—Jap 565Hc; head 687c; fancy head.
6HS7, accordln* to the grade.
enhEHE—Fancy full cream dairy 1714c;
''sUGAl^standord granulated. 514c; Naw
York refined, 484c; plantation, 6c.
* COFFEE—Roasted Arbucktee 116; bplk In
bage end berrele 12c; green licj>;.
Shredded bleeolt 55 case; No. 3 rolled oets
13.25 ceae: sack grita, 06-pound haga, 11.>5;
oysters, full weight, 52 ceee; light weight
11.10 etaef eviporeted gppleg 71ic pound;
pepper 18c pound; baking powder B ceee;
reJ iilmon 85 ceee; pink ealmoa 54.» rese;
cocoa 40c; chocojata anull - , 1-ponnd Jara,
roast beef 82.60 ceee; corned beef
hon«y,
1-pouu . r .
liras active 12.56 bushel
l-pouutl blocks, artlve 12fte iKtund; whit*
lady‘-liras
8. J. Whits.
L. H. Fairchild. EstxbJiehed 1888.
L. H. FAIRCHILD & COMPANY,
NEW ORLEANS.
Members;
«w Orleans Cotton Exrhange. * New York Coffee Exchange.
;«W York Cotton Exchange. New Orleans Beard of Trada,
aw Orleans Stock Kxchaage. Chicago Ibt-inl of Trade.
LIVERPOOL COTTON ASSOCIATION.
Private Wjrea^to NEW YORK and CUICAUO. Ordera aoUcib-d ^for fmura UellT-
•t» on above Exchanges
C. COTHRAN.
.allon; Cuba
cane 36c gallon; aalt,
i grease 11,76; sols crack
ers 614c pound; lemon 7c: oyater 7c; bar
rel candy, per . pound fete; mixed, per
- tomatoes. 2-pound, 51» cnee;
8-BOUIM. K =S; navy b<wna, 52.40; Lima henna
6c; beat matches, per gross. It.*; m«wronl,
614C?C pound: sardines, mustard. 83.25 case;
potash. tS.2M3.-80 eaee: iwanuts. 6c; rope.
Cply cottou. 18c; eoap, 81.60C4 cue
PROVISIONS.
PRO VISIONH—Supreme hems. 15c; liel-
lies. 20*25 pounds average.. 10H: fat
trarke. M314: Supreme lard. 10*4: Purity
“,‘pouud. TS; California hame, 10c; dry
lit eatra rllis. 8,66.
FLOUR AND GRAIN.
FLOfR-IIHtheat patent. 85.«: beat pat
ent. 85.40; •tauda.nl patent, 34.75; half pat-
nt |i.50; spring wheat patent >6.
COHN'-5tp?S white, 79c; choice white. Me;
white feed, 7»c: No. 2 yellow. 76c;.nilie<l,
76c; cracked ora. per biieheL «•;: hulls.- $13.
CHICKEN FEED—Flfty-poand sacks 30c;
l-nrlna..chick fetal, 12.00; YTclor feed, glJ5;
'"oATH^No.ll’whlte. 80e: No. 2 mixed. Sic;
Golden oats. 53c; white rllppetl. gic.
M6;AJ.- Plain, per 36-pound saeks. 74c; «•
pmmd saets, 76c: plain. 2Q pound sacks, 77c:
*'uAY—Timothy, choice large Istlra. J1.35;
do.-choice small bales. 61.35; Nn. 1, one-1
third bales. ILX; No. 2. one-third bales, 1
61.25: No. 1 .clover, mixed, 1L25; choice
prairie jlLCo; liennuda, J1.1U, _
Chicago, May 28.—Wheat today
closed 2 3-3712 3-4 lower. The bears Ir
wheat forced more than one long oui
of hie position on the bull side of the
market this morning. The market
lacked buying power, while the selling
was Indulged In without fear or favor.
Millions of bushels of long wheat were
thrown overboard and scattered inter
ests and short lines of- considerable
sire wero put out. Thd bearish influ-
supply of wheat decreased 6,265,000
bushels for the week, compared with a
decrease of- half that- amount a year
ago.
Corn decreased 2,226.000 bushels,
against an Increase of. 915,000 ’bushels
lost year. ’ -
Oats decreased 169,000 bushels, com
pared with a decrease of 1,338,000 last
year. -i
Primary receipts wheat were nearly
double those of a year ago. while corn
was 225,000 bushels khort of that time.
Corn ruled fairly active and closed
l-2®le lower.
Oats off 3-8<f:5-8e and provisions
were 2 1-2012 l-2c lower.
WEATHER REPORT.
STATE FORECASTS.
Georgia—FAlr tonight; warmer In north*
west portion; Wednesday partly . cloudy;
showers in west portion, warmer in tbe in*
terlor.
Boot.. _....
extreme north portion; JVs
warmer In Interior. f h .
Alabama—Showers tonighx snd Wednes
day; warmer tonight I
WEATHEfTcONDITIONS.
CHICAGO.GRAIN MARKET.
for today follow
Previous
Open. High. Low. Close. Close
WHEAT— -
May.... 98
July.... 100ft
Sept.,., 101ft
Dec.,.. 101ft
CORN-
May.... M*
&::: ^
Dec.... 61
OATS—
fel S 11 1
May. 16.2214 16.38
16.40 18.30 16.4214
16.4214 >6.4214 16.5714
54*4
6314
6314
9.06 9.00 9.00
THE SUGAR MARKET.
New Y’ork, May 28.—Local refined and
raw sugar markets steady and unchanged,
tendon beets steady; May and Jane
changed at 10s.
THE LIVE STOCK MARKET.
Chicago,
Market gen*
6 SO: mlXMl S8tiC.s»: heavy g5.sog«.i7ft; rough
$S.8o<)5.96; pigs $5.7506.26; yorkers $6.2006.25;
sod to choice heavy not quoted.
Cattle—Receipts *.600. Market steady;
beeves $4.3506.w); cows $1.7506.76; heifers
_ 40; calves $4.5006*76: good prime
steers $6.450«*M: Poor to medium $4.3506.40;
stockera and feeders $306*15.
Sheep—Receipts 21,00a Market stVitdy to
strong; native $4.6008.40; western $4.5006.40;
yearlings $8.1006*70; lambs $6.2607.90;
ern $6.S07J0 -
LIVERPOOL GRAIN.
west-
Wheat opened ft lower, and at 1:20 p.
m. ftOft lower. Closed %Oi lower.
Com opened unchanged, ai»l nt 1*30 p. m.
uuchsnged. Closed unchanged to ft lotver.
COTTON SEED OIL.
May.
July ;
September- . m .
Ot>tolier
Xovetnl»er. . . .
December. . . .
Cloved steady.
causing clenrlng weather with marked falfs
In temperature at most stations east of the
Mississippi. * The center of dhe high area la
now over Kentucky and middle Tennessee.
An area of low pressure Is centered over
tbe southwest. This Is causing higher tem
peratures In the west snd northwest, with
cloudiness In Kansas, the lower Mississippi
valley and Texas. Itsln has fallen at a
number of points fa Texas and from North
Carolina northeast throughout New Eng
land. , *
The conditions are -favorable for fair
weather In thll section tonight, followed by
TIPS FLASHED
From Wall Street
Special to The Georgian.
(From Hayward, Vick & Clark.)
New Y’ork, May 28.—J. 8. Bache fc Co.:
London market for Americans . Irregular.
Anxiety prevails regarding the outcome of
the settlement, as there has been more
forced liquidation. .Shorts covered at the
close. The market Is. therefore, lu u
weaker position technically than It would
otherv/ao have beeu.
The situation is admittedly of a very up-
certnjo character,, tbe grain reports are pot
very cheering, and the bears nn-. in the
saddle with no opposition. In sight. The
starting of gold exports cape unexpect*
STOCKS OPENED IT
t
"a
n attack on prices Is contemplated by
Tho New Y’ork Financial Bureau: London
early market mixed. Baltimore nnd Ohio
down ft, Louisville and Nashville ft. Erie
ft, Southern Pacific ft. United States Steel
ft, Amalgamated Copper ft. Anaconda,ft.
Npw Y’ork Central ndvanfed ft, Pennsyl
vania ft. Union Pacific ft, iteadlng ft, Cana
dian Pacific 1ft.
Professionals lire vigorously selling Amal
gamated Copper and Southern Pacific, both
bought on a scale for Investment with ru
mors of weak accounts hanging over the
market, and they may. In view of the re
duction of support reported, get prices
lower temporarily, ibut wfi regard these
two Issues os among tbe best purchases oa
any breaks frqrn pregent levels. Union Pa
cific and Steel show a little more weakness
and room traders will try to get them low
er today, which plan will Bucceed unlees
vigorous support Is given near closing
prices: also Smelting, St. Paul, Great
Northern preferred and Northern Pacific.
The three .latter grangers will be bought
heavily for foreign account on breaks now
for. Investment. Professionals are hammer
ing Reading for 90, Brooklyn Rapid Transit
for 40, Canadian Pacific for 155. New York
Central, Pennsylvanla-and Atchison receives
support around closing levels. The room
traders sell low-priced stocks like Southern
Railway, Chesapeake and Ohio and Erie.
Market on all firm spots nt present.
Buy cotton on soft spots for turns.
Take profits on all bulges In the grains.
STAPLE AND FANCY COTTON
Ana IN8TR0N P08ITION.
Tlie New Y’ork Commercial: As n mat
ter of expediency, a number of the large
selling agents handling men's wear lines
hive opened woolen suitings, mixtures snd
low-grade cotton Worsteds for the spring of
1908. Taking the bull by the horns, these
agents are offering clothiers snd cloth lob-
bers an opportunity to plsce.esrly orders
at most advantageous prices. It Is de-
calred by sellers that as the new light
weight season develops It Is almost a cer
tainty that prices will advance and late
buyers will have to place their initial orders
* — rant above the now pre
he forcing of the raeu'i
At
.classes of staple
and fancy cottons were In the strbngest po
sition they have occupied this month. On
Mileacbed and half-blenched cloths advances
of ftc all through the market were scored.
Heavy. cottons continue firm In value for
even the remotest delivery. Print cloths
are In short supply nnd printers appear
ready to bay on a basis of 4 9-16c for regu
lars. It is fully understood thnt cotton
yarn spinners are determined not to sell
Feared Early That Bottom
Would Drop Out of the
Market Tuesday.
MARKET SUPPORTED
Prices Hardened Shortly
After Opening and Ad
vances Were Scored.
Mew tork, May 28.—The market ! 0 .
day had reached a low enough level t,>
invite the covering on a large scale of
Profits secured on the short side Thu
sustaining element began to ooerau
after the market had had a quarter of
an hour or so of renewed weakness
today. Liquidation continued In nu-
merous directions, notably in the Con
per shares, and certain of the lesser
specialties, but It was checked after tha
first half hour and prices turned sharp
ly upward. The advance kept on for
the rest-of the forenoon In a desultory
manner. But beyond the buying in of
short contracts nnd some purchases of
professional traders working for a turn
there did not seem to be anything to’
support the upward movement. It waa
noticeable again, as It has been so oft.
en, that the volume of transactions fen
away greatly on the rise and that
the higher levels the trading grew w
dull. A reaction of a cent and a half
fn the wheat options was the only out.
side development of the day.
MONEY AND EXCHANGE.
New York, May 28.—Money on call
11-4@2. Time loans firm, 60 days 31-2
®33-4; 90 days 33-4@4; six months
4@4 1-4. H
Posted rates: sterling exchange
84.84 1-204.87 1-2, with actual business
In bankers' bills at 34.86757(4.87 for
demand and 34.834504.8350 for 60-day
bills.
Bar silver—London steady l-8d
higher at 31 l-8c; New York 67 l-2c.
Mexican dollars 62c.
MIN7NG STOCKS.
Boston, May 28.—Opening stocks: Greea
Consolidated 14, Copper Range 7914, North
Butte 82, Butte Coalition 2314. Old Domhe
Toq 48, Khnimou 1774, Callforula Arlxonu 154,
THE LONDON STOCK MARKET.
on contract except St - their own stroni
terms, and thla keepa weavers from accept
IDg cloth contracts nt concession#. Cut
tera-up making women's undergarments are
■tlll bnylng domestic and Imported emhrold
eries at top value# for Into auraraer orders.
Among retailers this week will mark tha
termination of the May sacrifice aalea In all
llnea of spring merchandise. The consumer
to buy offi
Print Cloth Market Strong.
Because of the short spot aupply of reg-
Increasltrg eioudines#' Wednesday:' probably 1 j'J"nom!na l 4 ’xt^aerveshowever to show
oerature/ 0 ’ ttt0n00a " U '* hl: r ' ,tn * ,C “’ 'owrireSg til m"rke’t M&n?. Buy-
perature... m are taking 28-lnrh 64 by'60s nt 414i»
-a—l.. ■ 4 9-I6c, and deem themselves fortunate to
COTTON REGION BULLETIN, -f g.t early delivery. On the high .count.
wide cloths made Jn Eastern mills, prices
are rlcrtdl.v maintained. Many agents hove
sold 38ft-lnch standards nt 7c for delivery
-tap to and Including July. Converters need
more good! and are responsible'* for most
of tha forward buying oo JKMnofr 68 by 72$
and high count cloths.
NAVAL 8TORE8.
STATIONS
ATLANTA
DISTRICT.
^Atlanta, clear.-. . .
•Chattanooga, clear.
Columbus, clear. . .
Gainesville, clear. .
Greenville, clear. . .
Griffin, clear. . ,• •,
•Macon, clear. . , .
Montlcello, clear. . .•
Newnan, cl6nr. . . .
Rome, dear
Spartanburg, Hear. .
Tulinpooos, clear. .
Toccon. dear. ....
West-Point, clear.
Temperatufa.
ft
, Minimum temperature for the 12-hour pa-
rlod ending 1 s. m. this date.,
CENTRAL
STATION.
Atlanta. . .
Augusta. . ,
Charleston.
Galveston. .
Little Rook...
Memphis. .
Mobil*. . . .
Montgomery.
Oklahoma. •
Savannah. •
DISTRICT AVERAGES.
.Em
llan time.
Temperature.
Special to The Georgian.
Snvnnnnh. May 28.—'Turperitlne firm nt
60; sales 328; receipts 1.111.
Rosin firm: sales 1,130; receipts 2.860; win
dow glass $5.95; water white $5.88: M $5.80:
PRIMARY MOVEMENT/
movement of wheat and corn tiklay:
Wheat—Receipt
396.000 bushels; I
bushels; ehlpmeni
ivisi last year, rvmv
...promt* 160.000 bushels.
Corn—Receipts 736,000 bushels; shipments
428.000 bushels; last year, receipts 1,011,000
bushels; shipments 638,000 bushels.
277,000
8TOCKS—
Anaconda ..
Atchison
do. preferred
Baltimore and Ohio
Chesapeake and Ohio .. .. .
ChlcuKO nnd Great Western.
Canadian Pacific
Erie
do. preferred
do.
Louts vll..
Mexican Central preferred .
Norfolk nnd Western ..
New Y’ork Central ....
Ontario nnd Western ..
Pennsylvania
Rock Island .. ..
Rending .«
Southern Pacific .... .
Southern Hallway .... .
do. preferred
St. Paul
Union Pacific
United States Steel ....
do, preferred
Wabash preferred .. ..
THE COFFEE MARKET.
snge i
market
January ..
February ..
March .. .,
April .. ..
May .. .. .
June
July
August .. .
September .
October ..
November .
December
Eli
Close.
.5.20-5.30 5.25-5.31
..5.20-5.25
..5.30-5.85
5.25-5,35
,.5.50 5.55
..6.30-5,40
..5.25-5.30
..5.20-5.30
. 6.20-5.25
..5.20-5.25
..5.15-5.25
.,5.20-5.25
ecemuer .. ., .. .. .
Closed quiet. Sales 85,000 bags.
5.25- 5.30
5.30- 5.35
15.306.35
5.50-5.55
5.30- 5.33
5.25- 5.;i
5.20- 5.23
5.205.25
5.20- 5.25
5.204.25
5.W-5.23
ireclsbie ruliifill. •For
H » •*
Remark*.
Cooler weather is reported from all sta
tions except those on thfwenst coast, where
the temperatures remain practically station
ary. Ught rainfall Is reported from several
stations.. Clear weather t
throughout the entire dtsfi
WEATHER FORECAST.
Texas—'Dallas, sprinkling rain; Houston,
cloudy nnd cool; Taylor, cloudy nnd cool,
light rain this morning; Temple, beeu rain
ing since 4 s, m.; Austro.^ _ “ 1 ‘ |
~*‘ice 5 a. m. ‘ w “** «**•*•»'
light; °Wui'o snd Brenhsm, raining.
MI«rt**lppl’-Ko»Htt»ki>. Tupelo, Green
wood. Jackson and Ilsslohurst. partly.elondy
and cool; Lexington. Yaxoo .City, Merblisn,
Vicksburg snd Nstehes, cloudy ojid cold.
Umlfelrtii.i—laske Charles, clear; Monroe,
partly elondy; Opelousas and Alexandria,
clear snd cool.
South* Carolina—Spartanburg, clear six)
cold, front last night.
North .Carolina—Charlotte, clear and cold,
rainy I all yesterday.
Tennessee— Memphis, clear and cold; tem-
wrature last night 48. now 66.
Georgia—Atlanta, clear snd rold.
CHICAGO CAR LOTS,
The r«H*elpts of grain In - car Tots today
nnd estimated receipts for tomorrow are a*
follows: " _ ,
Today. Tomor.
Wheat.. .. .. *.' 61 22
Corn.. ' .*’ •* 4GS 152
Onto..... MC 106
Hog*., head.., 15000 32000
HAYWARD, VICK & CLARK,
COTTON, STOCKS, EONDS, COFFEE, GRAIN AND PROVISIONS,
Carondelat and Gravlsr Sts* Naw Orleans.
MEMBERS:
| In time of Peace, Prepare for War g
® .. S
J* In time of Plenty, Prepare for the Opportunities g
® of the Future. %
$ Save,your dollars from your “extravagance” »
@ fund and we will take care of them with 4 per cent ^
f added. 5
S That SaA-ings Account will some day afford the ©
@ ready cash for some splendid investment,
© Let your money earn 4 per cent with us while g
® you wait. q
Union Savings Bank.
ATLANTA NATIONAL BANK
1
ATLANTA, GA-
C. E. CURRIER, President. H. T. INMAN, Vlee-PreildenL
GEO. R. DONOVAN, Caahter.
JAMES S. FLOYD, AuliUnt Cashier.
Capital .* $500,000.00
Surplus and Undivided Profits " ,n=n nn
New Organs Future Brokers* AtsselsUa^
«
On Liverpool Cotlsa Aaa'k
naaa nu
Xrx Orl-nuj and Chlragn Uoarda or Trada,
Naw York Coffre Exrhnugo.
Aaaoelata Mom)
Now York and Chicago Correspondents.
J. B. BACHE & CO.. AND BARTLETT. FRAZIER & CARRINGTON.
ALONZO RICHARDSON & CO.,
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, Main 858,
ATLANTA- GEORGIA-