Newspaper Page Text
THE
BANNER,
SUNDAY
MORNING, SEPTEMBER 21, 1913
PAGE SEVEN,
The Weather
RAIN.
Cotton News
Middling Quotations:
Local Spots, Middling 13}.
MILLER & CO.
Cotton Factors
Athens. Ga.
0"iee: Oconee SL
Warehouse: Oconee and Thomas Sta.
Harris, Stephenson & Co.
Cotton Factors
Athens, Ga.
HARDEMAN & PHINIZY
Cotton Factors
Athens, Ga.
GRIFFITH y WELCH
Cotton Factors
Athens, Ga.
ATHENS IS THE SECOND LARG
EST INLAND COTTON MARKET
IN GEORGIA AND THE SIXTH
IN THE WORLD.
THE ATHENS COTTON |EXCHANGE
ATHENS IS ONE OF THE LARG
EST COTTON MILLLING CEN
TERS IN THE SOUTH.
C. B. GRIFFITH, C. H. PHIN1ZY, 1. T. KILPATRICK,
President. Vice-President. Secretary.
LOCAL DATA.
Spots, Athens middling basis 131.
Tone of local market, steady.
Receipts abont 145 bales.
SPOT MARKET.
New York 13.60.
Liverpool 7.73.
+ +.+ + 4-
* FOURTEEN CENTS? ❖
<• Spinners bought heavily yester- •>
<• day, look for 14 cents next week. *
* —Tate.
LIVERPOOL GRAIN CLOSE.
Wheat unchanged to 1 up.
Corn a to i higOer.
NOTES.
Weather map shows generally fair
weather in Texas, Oklahoma and
Alabama. Only a few light sprinkles;
partly cloudy In rest or the belt.
Mitchell. Hubbard. Hentz & Oran
sellers; Waters, Freeman, Riordsn
fcCo., best buyers; market very steady
and looks higher.—Anderson.
elude 84,531 by Northern spinners,
against 56,428.
Stocks at the seaboard and the 29
leading Southern interior centers have
increased during the week 210,775
bales, against an increase during the
corresponding period last season of
256,670 and are now 83,191 less than
at this date in 1912.
Including stocks left over at ports
and interior towns from the last crop
and the number of bales brought into
sight thus far from the new crop, the
supply to date is 1,182,114, against i.
074,687 for the same period last year.
HESTER’S REPORT.
New Orleans. Sept. 20.—Secretary
Hester’s weekly New Orleans cotton
exchange statement, issued before the
close of business yesterday, shows an
increase in the movement into sight,
compared with the past seven days
ending this date last year in round
figures 66,000, an increase over the
same days year before last of 17,000
and an increase over the some time
in 1910 of 154,000. The amount
brought into sight during the past
week has been 400,846 bales, against
334,374 for the seven days ending this
date last year, 3S4.345 year before
last and 246,697 same time in 1910;
and, for the 19 days of the new sea
son it has been 855,697, against 709,-
974 last year, 976,311 year before last
and 494,460 same .time in 1910.
The movement since September 1st
shows receipts at all United States
ports 647,771, against 515,844 last
year, 582,264 year before last and
359,445 same time in 1910. Overland
across the Mississippi, Ohio and Po
tomac Rivers to Northern mills and
Canada 9,506, against 4,785 last year,
S.073 year before last and 3,987 same
time In 1910: interior stocks in excess
of those held at the close of Septero
her 1st 73,240. against 80,059 last
year, 107,914 year before last and 49,-
716 same time in 1910; Southern
trills’ takings 125,000, against 109,286
last year, 98,060 year before last and
81,312 same time in 1910. Foreign
exports for the season have been 434,-
204, against 287,595 last year. The
total takings of American mills,
North, South and Canada, thus far
for the season have been 210.718
against 166.709 last year. These in
WORLD’S VISIBLE SUPPLY.
New Orleans, Sept. 20.—Secretary
Hester's statement of the world’s vis
ible supply of cotton made up from
special cable and telegraphic advices
compares the ligures of this week
with last week, last year and the
year before. It shows an increase for
the week just closed of 162.792. against
en increase of 177,615 last year and
an increase of 223,756 year before
last.
The total visible is 2.309,027, against
2.146,235 last week. 2,436,169 last year
and 1,921,700 year before last. Of this
the total of American cotton is t..
389,027, against 1,193,235 last week.
1,652,165 last year and 1,256,700 year
before last; and of all other kinds, in
cluding Egypt. Brazil. India, etc., 920,-
000, against 953.000 last week, 784,000
last year and 665,000 year before last.
The total world's visible supply of
cottcn as above shows an increase
compared with last week of 162,794,
a decrease compared with last year of
127.142 and an increase compared witn
year before last of 3S7.327.
Of the world's visible supply of cot
ton as above there is now afloat and
held in Great Britain and continental
Europe 1.22S.OOO, against 1,307,000 last
ear and 919,000 year before last; is
Egypt 735,000, agains-t 49.000 last year
and 34,000 year before last; in India
469,000, against 432,000 last year and
3,000 year before last; and in the
I’nited States 537,000, against 648,000
last year and 596,000 year before last.
2,336,470 vs. 2,419,647.
American 1,424,470 vs. 1,675,647.
In sight this seas-in 907,553 vs.
809,180.
In sight for week 431,433 vs. 357,250.
Stocks in United States ports 378,-
196 vs. 475,745.
Interior stocks 192,635 vs. 184,619.
Receipts 203,000 vs. 201,915.
Shipments 168,602 vs. 160,038.
Stocks this week 329,018 vs. 647,458.
Exports for week 214,771 vs. 172,593.
STOCK LETTER.
New York, Sept. 20.—The bank
statement should show increase in re
serves. Believe next week will show
some good advances in certain issues
in certain specialties, would buy I. B.
preferred. It has a moderate reaction
from the high and 'understand there
will be something doing soon that
will cause a sharp advance. Also fa
vor buying Union Pacific, Reading and
Northern Pacific—Potter.
cent a year ago.
Federal judge orders Frisco receiv
ers to pay approximately 81,500,000 as
principal and interest on bonds and
mortgages and for extension and
erating expenses.
Chicago & Northwestern reports
9.62 per cent on stock in 1913 fiscal
year against 7.51 per cent in 1912.
Twelve industrial stocks advanced
.05; 20 active railroad stocks declined
.31 per cent.—Dow-Jones & Co.
FINANCIAL BUREAU.-
Irregularity and evening up on ac
count of I.ondon holiday today am
half holiday Monday is to b e expected
in a market that has advanced sha.'r
ly and been subjected -to profit tak'.’r;
On declines best class of stocks wi]
be absorbed in insiders. Cotton r<
ported a sale on bulges. Wheat an
cirn move in a trading range.
WEATHER FORECAST.
West Texas—Fair, cooler.
East Texas—Fair, preceded l.y
showers on coast; cooler; Sunday
fair.
Oklahoma—Fair, cooler.
Arkansas—Fair, cooler.
Louisiana—Unsettled, showers ex
cept in northwest; cooler; Sunday
fair, except showers in southeast.
Storm warning—Small craft warn
ing ordered 9 a. m. at Galveston.
Market has taken the heavy selling
too well to fear much setback.—Andy.
CHRONICLE REPORT.
New York, Sept. 20—World's visible
CORDILL’S LETTER.
Columbus, Tupelo to Corinth crops
are fairly good. The bottom and
prairie lands are good to excellent,
but the thin hill lands are very spot
ted and show effects of the hot, dry
weather latter part of August. Corinth,
Decatur to Huntsville, Cullman here
in north Alabama will hardly average
good. Creek bottoms and lowlands
are very good, but the hills are spot-
ted and in many places poor. North
Alabama will not average up to last
year. There is as much cotton open
row as usually is in the middle of Oe
tober. Continuous rains all week hav-
delayed picking, but will help low
lands. Look for heavy movement with
weather clearing. Xortlt Alabama
very disap|K>inting.—Cordill.
Liverpool due 1} to 3 higher, open
ed very steady 4j to 5J higher, close!
steady 71 to 9 higher; spots 15 higher;
middling 7.72; sales 7,30o; 3,</00 Amer
ican. Estimated port receipts 45,000
vs. 47.676, vs 47,515 vs. 59,325.
OPINIONS.
Miller & Co.: It is a bull proposition
Norden & Co.: We would not he
surprised to see quite a decline be
fore purchases wou ldagain be ad
visable.
E. F. Hutton & Co.: Looks as if a
reaction is due, any unfavorable corp
devrfopments would prove the signal
for another upward movement.
Logon & Bryan: We would not fol
low the long side too closely on the
advances.
Sternberger, Sinn & Co.: We are
still conservatively bullish .
SUMMARY.
Ixndon stock exchange closed.
O. & W. reports 2.08 per cent in
1913 fiscal year compared with 81 per
of little benefit.
South Carolina: Cotton opening
ery rapidly. Rains of week of some
but excessive on Thursday
ng low grades, (food picking
r wanted. Ginning well ahead
year. Crop better than last
Georgia: Heavy receipts in small
iterior towns. Old cotton nearly a'l
pen from heat and drouth proceeding
scent rains. Young cotton maturing
ut generally said to he ibelow earlier
ipeotations. Rains of benefit, but
half of -the crop reached maturity.
Alabama: So much of the crop has
reached maturity that rains of the
past week were of benefit only to low
lands. Some damage to grade from
tlie excessive precipitation. Planters
selling freely because of price. Crop
generally disappointing.
Mississippi: Week of almost con
tinuous rains. Very heavy in sec-
tions. Much damage to grade and
some rooting and sprouting of seed.
Great disappointment at out-turn in
boll weevil districts and estimates on
crop distressingly low.
Tennessee: Rains of benefit to low
land cotton, but not to hills. Grades
lowered were out-turn liat, out-turn
from early pickings is light.
Arkansas: Heavy downpours of rain
flooded lowlands 1n many sections
Some cotton washed out and some
sprouting in bolls. Ten days of cloudy
and rain. Slight benefit to late cot
ton, but picking greatly retarded.
Louisiana: No picking for week.
Rain of no benefit. On ithe otter hand
much damage done. Reliable esti
mates are that 50 per cent of the open
cotton has sprouted seed. Great dam
age to grade.
Oklahoma: Probably 10 per cent of
the States' area has been materially
benefited by rain. Otherwise only re
sult has been delay to picking and
damage to grade.
Texas: No picking over the entire
JOHN L. ARNOLD
PAINTS AND WALL PAPER
Ledd, Oil, Varnishes, Japan, Glass, Putty, Artist Materials
Paints and Brushes, Graining Colors, Ready-Mixed
Paints all colors, Lead, Oil, Turpentine, Pure
Paste Colors, etc. Contracts for House and Sign
Painting, Paper Hanging, Picture Framing
163 Jackson Street Phone 115
GEORGIA NATIONAL BANK
ATHENS, GA.
During the active fall season farmers and those
desiring advances in the spring will do well to have
accounts with the bank. Loans will be made in pro-
portion'to these accounts and responsibility. -
| PEPOSI
T NOW
JNO. J. WILKINS, Pres. T. P. VINCENT, V.-Pres.
W. P. BROOKS, Cashier
TURNER’S WEEKLY COTTON
SUMMARY.
Memphis, Sept. 20.—As a result of
7 to 10 days of practically continuous
rains, material damage to grade is re
ported over a large part of Alabama
and in every State westward -to tho
limit of tl'.’.e cotton -belt. Some actual [state for 10 days. Grade damaged and
some cotton lost by beating rains and
seed sprouting. This damage not gen
eral or heavy, however. In northern
counties with late frost, yield will be
Increased. In central parts plant has
taken on new growth with some slight
chances for late crop. Southern
counties report too many weevil and
leaf worm to make any more fruit, fn
western districts ginning will be com
pleted very early as cotton is about
all open. Rains, as a whole, are of
doubtful benefit.—
MARTIN BROTHERS
455 Clayton Street
Shoe Repairing and Custom-Made Harness
Best material; lowest prices. Let us show you
Buggy Whip3 or Riding Saddles.
A complete plant for the manufacture of Shoes
and Harness. Our Harness is made in our shop and
every pair is guaranteed.
loss of cottcn is indicated from beat
ing rains, overflowed lowlands and as
a result of the sprouting of seed in
the boll. This latter is, however, not
a general condition being confined to
unfavored localities.
Little or no picking has been dono
and in some sections the gins have
been unable to run for want of a sup
ply of cotton. At the end of the week
clear weather prevailed over these
States and field work will be very
quickly resumed.
The benefits from rains in these
States would he manifest at a later
date in a more fully matured late bolls
and possibly in the formation of some
new fruit if killing frost is long de
layed. It is not quite clear at thi3
time to what extent tho out-turn will
be helped from the better development
of small and young bolls. Since, how
ever, so great precentage of the crop
was either open or about ready to
open, the addition will not likely lie
large. This is notably true in States
west of the Mississippi River.
In Georgia and the Carolinas rains
were not so heavy as elsewhere, but
showers were frequent and delayed
picking and ginning. The early cot
ton Is opening very fast. The late
plantings will be helped by the rain.,
but generally this late crop Is said
to be not well fruited.
Bv States:
North Carolina: In localities -thero
Is nvuoh open cotton, in others it i.
beginning to open rapidly. Consider
able rust and boll rot and out-turn
is generally unsatisfactory or below
expectations of some weeks ago. Rain
AMERICAN STATE BANK
Broad Street. ATHENS. GA.
Farmers and those desiring advances . in the spring should
have deposit accounts with the hank during
the fall ant! winter
Depositors Are Always Given Preference
In the Matter of Loans. DEPOSIT NOW
R. W. SIZER. H. C. ERWIN. JNO. J. WILKINS.
Cashier V.-Prest. President
r
YESTERDAY’S QUOTATIONS.
NEW YORK COTTON.
Prev.
Open. High. Low. Close. Close.
January 13.21 13.35 13.20 13.28 0 29 13.14015
February
March 13.29 13.44 13.29 13.38® 40 13.23024
April
May
June
July
August
September
October
November
December
3CES3G
3E
1
I
n
.13.34 13.47 13.34 13.43044 13.28029
.13.38 13.46 13.35 13.380 40 13.32 0 33
.13,30 13.46 13.30 13.38040 13.26027
*pr-‘
LIVERPOOL COTTON.
Open. Range.
7.06 11005
10007
1OJ0O6
081
10006
071004
jan-Feb "
Feb-Mar. ..... "O'
Mar-Apr 7.06
Apr-May 7.07
May-June "°6
June-July •~0i
July-Aug
September 7.36 380 351
Sopt-OcL 1.22 27 0 22
OcL-Nov. 7.13 18013
Nov-Dee 7.07 101007
7.05 10005
Prev.
2 P.M. Close. Close.
7.08} 7dl
7.081 7dl
7.081 7.01
7.081 7.01
7.081 7.01
7.06} 6.98}
6.96}
7.37} 7.28}
7.25} 7.17}
7.16} 7.OS}
7.08} 7d!
7.08} 7d}
COTTON SEED OIL.
Open. Close.
September .. ..7.20®7.60 7.1807.60
October .. .. -.7.1807.20 7.1407.15
November .. ..6.9807.03 6.98 0 7.00
NEW ORLEANS COTTON.
Prev
Open rugn Low Close Close
January 13.35 13.49 13.34 13.430 44 13.29030
February
March 13.60 13.47 13.54055 13.39040
April
Ma y 13.54 13.61 13.53 13.61063 13.48049
September
October *....13.24 13.24 13.3S 13.24 13.22023
November
December 13.30 13.46 13.29 13.39040 13.260 27
CHICAGO QUOTATIONS.
Prev.
Close.
December 6.9706.99 6.9806.99
January 7.020 7.03 7.02 0 7.03
February 7.1007.12 7.1007.12
March 7.2407.25 7.2007.23
April 7.3307.35 7.2907.31
WHEAT—
Sept
Dec
May
CORN—
Sept
Dec
May
OATS—
Sept
Dec
May
PORK—
Sept
May
Jan
LARD—
Sept
Oct
Jan
SIDES—
Oct
Jan
May
Open.
High. Low.
Close.
.. 88}
88}
87}
871
.. 903
903
89}
893
• ■ 95}
95}
94
94}
75J
74}
743
... 72}
725
72
72}
... 733
735
73
73}
... 413
413
413
413
... 44}
44}
43}
43}
... 47}
491
46?
46J
...20,20
20.20
20.12
20.21
...20.12
20.12
19.95
20.00
88}
933
95}
743
723
733
413
44
471
20.21
20.25
11.17
11.20
.11.07
11.10
10.95
11.02
11.07
11.13
.10.60
.10.67
10.60
10.55
10.55
10.67
10.60
THE ATHENS SAVINGS BANK
CONDUCTS A
GENERAL BANKING BUSINESS
EFFICIENT—RELIABLE.
Twenty-one years of successful operation attest
the assertion.
Four per cent. Interest, compounded semi-annual
ly, allowed on
SAVINGS DEPOSITS
CAPITAL $5i>,000.00
Undivided Profits, net, $220,000
DIRECTORS.
M. STERN, PretL M. G. MICHAEL, Vice Pratt
T. 8. MELL, Attorney. W. T. BRYAN
DEUPREE HUNNICUTT J. A. HUNNICUTT
AARON COHEN L. F. EDWARDS
G. A. MELL, Cashier.
[
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