Newspaper Page Text
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1 '
THE A TLANTA GEORGIAN AND NEWS.
baTL'KUAV, MAST 11. 1W7.
START WAS BETTER!
TURNEDWEAK LATER
Better Weather Conditions
in Texas' Was Depressing
Influence.
PROFESSIONALS SOLD
Closed Barely Steady Net
Unchanged to 5 Points
Higher.
New York, May 11.—The cotton market,
after opening steadier at i»u advance of 40
6 points, was affected by l»etter weather
condition* In Texan and developed weakneno
In the first ten minutes. Moat of the sell
ing was for professional account. Prices
fell to about Inst night's level. The mar
ket rallied a little, but only to sag again.
After opening 4 to 6 points higher lu i
spouse to the cable*, the active options sold
down to last night's levels before the end of
the first half hour. Trading woa quite ac
tive and on the better weather shorts bo-'
came very aggressive. The weather map
made a rather favorable showing and the
forecast promised further Improvement.
From all reports that como from tho central
sections of the belt the fields are too wet to
; prepare the ground, and n good week of
sunshine and hot weather will bo necessary
before active operations can be resumed.
The close was barely steady, net t
changed to 6 points higher.
Comparative receipts at all U. 8. ports:
E et receipts today 11,540
ime day last year 13,041
Decrease v 1,301
S othl receipts since September 1....9,436,024
ime time last year .....7,2*19,011
Increase ...2,196,013
Estimated receipts Monday^
New Orleans 800 to 1,600
Galveston 3,000 to 4,000 2,026
Houston 800 to 1,000
Movement st Atlanta:
Receipts today None
Same day last year
Decrease v
Shipments today
Same day last year
Decrease *
Stock on band today •#
8ame day lust year
Increase #•
NEWS AND GOSSIP
of the Fleecy Staple.
Sprint 10 The Georxlsn.
~ - ire, VI . „
17.—J. n. Bache & Co,
v —
on near and 102 hlgL..
steady %04 higher on near and unchanged
to 2% np op late. Spots 3 higher: American
middling 6.78; sales 8,000: American 7,000)
speculation and export 600; Import! 1,000; all
American.
Liverpool higher this morning. It seems
this Is a bull market, and every dip Is util
ised to buy cotton. Conditions continue
the same In the belt-complalnta every
where. The remarkable resistance to bear
pressure yesterday attested the strength of
the cotton situation. We look for higher
S rices. Think market a purchase on all
Ips.
ig Is the statistical position of
Frida, **— H “ — —“
The New York
nnnclat Chronicle:
This Last Last
Week. Week. Year.
Visible supply ... 4.689.351 4.831,972 4.091,022
American ........ 3,176.351 8,376.972 2.631,022
In sight week .. 95,637 106,618 96,137
Since Sept. 1 12,545.415 12,450,229 9,948,464
SPOT COTTON MARKET.
Liverpool, steady; middling uplands 6.78.
Atlanta, steady: middling 119-16.
New York, quiet; middling 11.90.
New Orleans, steady; middling 1111-16.
Galveston, steady; middling 12c.
Mobile, steady: middling 11%.
Wilmington, steady: middling 11%.
S orfolk. firm; middling 12%.
altltnore. nominal; middling 12%.
Boston, quiet; middling 11.P
Philadelphia, nulct; inludllnj
Memphis, steady; middling
ing I.
11%.
12.13.
Houston, quiet; middling 1
TODAY’S PORT RECEIPTS.
Port stocks
Port receipts ....
Exports .... .....
Interior receipts.,
lot. shipments...
Interior stocks...
646.364
60,776
{&**
43,476
68,115
846,425
679.251
74,710
98,4*8
39,464
65,963-
371,061
639,689
Following Is the Liverpool weekly cotton
statement for tho we«k^endiu^£lay Ut
Vaek'a sales
Of which Amer...
For export
1.600
2.300
, 82.000
1.246.000
1.118.000
10,00-0
127,000
■PMOTHBHIII 110,000 oMoo^BPP
Since Sept. 1 4,292.000 8.421.000 3,675,000
Of which Amer...3,504.000 2.607.000 3.166.000
For speculation
Forwarded
Total stocks ...
Of which Amor.
Actual exports.
Week's receipts ,
Of which Amer..
60.000
63.000
3,500
1.900
68.000
986.000
871.000
6,000
83.000
1006.
49.000
43.000
2.600
2JD00
78.000
824.000
741.000
9.000
100.000
89,000
ATLANTA MARKETS.
FRUIT AND PRODUCE.
; dried apples 607Vic pound.
.•TABLES—Yellow squash $1.6002
white squash 8101.50 crate; cabbage, crate,
12.75: per pound In barrels Sc; strawberries
10015c: tomatoes nctlve, 12.2508.00: potatoes,
new, *4.0006.25 barrel; onions, Lonlslann,
11.75 per bushel; Egyptian. 4c pound; old
Irish potatoes active $1.1501.20 bushel; cel.
ery, faucy, 12.50 crate; peppers active $2.60
crate; okra, six baskets, small. *3 crate
lettuce, headed, active $1.5002 crate
Tho following mill# .how, rec.tpta «t tb, ow,ot potato.,, white. netlve Me bu.hel
? — ‘ kmit, hnlf hnrrel, *3.76: twin*, round
«rwA(.r
(U, SSc _, _ _
none; cucumber,, $2.25 crate;
era to.
EGGS—Active. 17017%c.
LIVE POu£TBY~Heaj f active XQiOt
each; chickens active 25030c each; duck*
Pekin, 35c each; puddle 25030c each; geese,
full feathered, 60c each; turkeys active 12%c
pound.
DRESSED POULTUY-Geese, undrawn,
active 10c pound; turkeys, undrawn, active
15016c pound; fries active 18020c pound;
bens 14c pound.
PRODUCE—Lards 11c pound; hams active
15c pound; shoulders active 9c pound; sides
active 10c pound: butter active 22%028ej
beeswax active 25c pound;* honey, bright,
active 10c pound; honey, In l pouim blocks,
active 12%o pound: white peas active $3.25
bushel; lady peas $3.50 bushel; stock $1,750
2.16 bushel.
FRUITS—Lemons, funny Mossenn, $5.0<
6.25; bananas, per bunch, culls, active, $1.:
straights 4c pound; pineapples, Cuban, ti
“ $404.50; oranges, Florida stock, owing
.'lorldn honey peaches, $5 crate. _ .
fruit, Florida stock, owing to slxe and
color, per box $2.5003; limes, Florida stock,
106 $1.50; peanuts, In sacks averaging
New Orleans.
Galveston. .
Mobile
Savannah. . .
Charleston. .
Wilmington.
Norfolk. . . .
New York. .
INTERIOR RECEIPT8.
The following table shows the Interior
movement of cotton, compared with the
tame day tast year:
•.WORLD’S VISIBLE
SUPPLY STATEMENT
The world's visible supply of cotton, com
piled by Secretary Hester of the New Or
leans Cotton Exchange, for the week end
ing Friday. May 10, shows a decrease of
K 0,128 bales, against a decrease of 153,966
st year and a decrcaso of 13,381 year be-
• (ore last.
The total visible la *4,613,069, against 4,823,-
297 last week, 4.087,774 last year and 4,064,443
K ir before la»t. Of this the total of Amer-
n cotton Is 3.091,996 against 3.363,197 last
week. 2.537,774 Inst veer and 2.764,443 year
before last, and of all other kinds. Including
Egypt, Brasil, India, etc., 1,422,000, against
1.4K.000 last week* 1,560,000 last year and
- £900,006 year before last.
The total world's visible supply of cotton,
f ti above, ahowe a decrease compered with
ast week of *210.13. an lucrcase compared
with last year of 625,295 and an Increase
compared with year before last of 648,627.
Or the world’s risible supply of cotton, as
above, there Is now afloat and held In Great
Britain aud continental Europe *2.762,200,
against 2,010,000 last year and 197,000 year
before last; In Egypt 144,000, against 118,000
last year and 186,000 year before last; tn
India 804,000, against 1,070,000 last year and
177,000 year before last: aud In the United
States 903,000, against 890,000 last year aud
1,031,000 year before laat.
•Including Bremen and Hamburg stock
redactions by Are, supposed to be about 26,-
SPINNERS’ TAKINGS
AMERICAN COTTO'N
Secretary Hester gives the week’s takings
of American cotton by spinners throughout
the world as follows. In round numbers:
This week *272,000 this year, against 225,000
Of this Northern splnncre and Canada
took 2.340,000 bales this year, against 2,140.-
000 tast year and 1,956,006 the year before;
Southern spinners 1,975,000, against 1,868,000
last year and 1,729.000 the year before, and
foreign spinners *6.i51.aoo, against 6,270,000
last year and 6.766,000 the year before.
•Including Bremen and Hamburg stock
reduction by fire, supposed to be about 25,-
000 bales.
HAYWARD, VICK & CLARK'S
DAILY COTTON LETTER
New Orleans, May 11.—The markets here
for the past two days have been favoring a
reaction. As operations on ttaturdny
GROCERIES
RICE—Jap 5<&5%c; head 607c; fancy head
6%07. according to the grade.
cflEESB—Fancy full cream dairy 17%c;
twins 17 %c.
HUGAR—Htnndnrd granulated, $5.20; New
3’ork refined 4%e; plantation 4%c.
COFFEE—Roasted Arbucklea $16* bulk In
bags and barrel* 12c; green 11012c,
Shredded biscuit 86 case; No. 2 rolled oats
$3.25 cats; sack grits, 96-pound bags, $1.85;
oysters, full weight, $2 case; light weight
81.10 case; evaporated apples 7%c‘ pouud;
pepper 18c pound; baking powders $5 case;
red salmon $5 case; pink salmon $4.35 case;
* > 33c; snuff, 1-nound Jar*.
“ case; corned beef $2.G0
S .90 case; sirup. New
n; corn. 30i- gallon; Cubs
85c gallon; Georgia cane 36c gallon; salt
100-pound, 60c; nxle grease, $1.75; soda crack-
era 6%c pound; lemon 76c: oyster 7c; bar
rel candj “ —-* • -•*
mi; it-iumi iur. uwun iv, nui-
per pound, 6%c; mixed, i*er
JIHRfiPn J tomatoes, 2-pound, $1.90 case;
8-pound, $2.25: navy beans. $2; Lima beans,
6c', best matches, per gross, $1.65; macaroni.
case; potash, 83.264f3.80 case; peanuts, 7%c;
case; potash, $3.2503.80 c$»e; peanuts, 77%c
rope, 4-ply cotton, 18c; soup, $1.5004 case.
FLOUR AND GRAIN.
_ .n. per .... .
CHICKEN FEED—Fifty-pound sacks 90c;
Purina chick feed, $1.90; victor feed, $1.80;
brand feed, $1.30.
OATS—No. I white. 68c; No. 2 mixed, 57c;
Golden oats 67c; white clipped 60c.
MEAL—Plain, per 96-pouud sacks, 70c;-48
pound sacks 71c, plain 20-pouud sacks 72c;
germ $1.25.
HAY—Timothy, choice large bales 81.90;
do, choice, small bales, 81.30; do No. 1,
third bates, $1.30; No. 2 third bales, $1.20;
No. 1 clover, mixed, $1.20; choice prairie,
81: Bermuda $1.
SHORTS—Choice white $1.45; Texas whits
$1.35; faftcy 80-pound $1.35; brown 800100
pouuds, $1.35.
. . erne bams I5%c: bel
lies 204125c pound; average 9.90c; fat backs
7.92%; plates 7.82%; Supreme law 9?6c; Pur-
Ity compound fc%c: California bams 10.50;
dry salt extra ribs 9.40.
fish/
FJRII—Bream 7c pound; snapper 10*
pound; trout 8c pound; blue fish 7c pound,
pompano 25c pound: mackerel 12%c poutul;
- - -— *—*; V
|t»ui|tauu |tuuuu. lumam-i i«7|v
mixed flsh 5c pound: fresh water front
ound; Florida shad roe 26c; buck *
corf la shod roe 40c; buck 15c each.
NAVAL STORES.
Special to The Georgian.
63%c; sales, 155; receipt*.
u!72H&i»; G.‘ $4.7004.80; F, $4.6504.75; E,
$4.65; D, $4.45; ABC, $4.37%04.4O.
caused prices to recede. The desire for a
reaction Is hated on the wish to get In at
safer figures, and, at many are waiting to
buy, the setback will hardly be very great,
Liverpool seems to be ripe for a normal re
action more than our markets. Neither
the bullish Chronicle nor the bullish visi
ble supply changes had any effect there,
man shows generally fair weather In
J* the territories. Louisiana and Ar-
kansas. Only light scattered showers In
Mhslsslnpl and I<oulsIami, but general
rains, some heavy In Alabama and the
eastern belt. Weather conditions unsettled
and more rain Is Indicated for the central
aud eastern licit for Monday. Price move
ment for next week depends entirely on
the weather. Only after several day* or
dry weather would operations on Improved
crop prospects be justified, ami tnen ft
must l*e not forgotten that leading Inter
ests. through their hold on old crops, prac
tical!) control the markets. Spots are
quiet. Scattered business at steady price*.
i. K Fairchild.
•. J. Whit*
L. H. FAIRCHILD & COMPANY.
new ORLEANS.
New Orleans Cotton Excitant* ’ New Tertc Coffee Exchane*
New York Cotton Eirhantc, New Orient], Board of Trad*
Ntw Orlaana Stock Enchant* Chicago Board of Trad*
LIVERPOOL COTTON ASSOCIATION.
Prlvata w|ra, to NEW YORK anj CHICAGO. Or.fcr, for £•»
tar* d.Urarr. on above Excltar.se* U. C. COYitAAlC
Edited by
Joseph B. Lively
MARKETS
Mr. Lively's twenty-flvs
years* experience of ed
iting markets in Atlanta
and the South has made
him a recognized au
thority Id bis specialty.
TIPS FLASHED
From Wall Street
RANGE OF NEW : YORK STOCKS AND COTTON MARKETS
NAME OF STOCK.
Amalgamated Copper .
Atlantic Coast Line .
American ttugar Ref. .
Anaconda
American Locomotive.
do, preferred . . ..
Am. Bmeltlug lief. * .
qo. preierreo . . ..
American Cotton Oil. .
Am. Car Foundry • • .
Baltimore A Ohio . . .
Brooklyn Rapid Tran..
Canadian Pacific . • .
Chicago and Northir'o.
Chesapeake * Ohio . .
Colorado Fuel Sc Iron.
Central Leather ....
do, preferred ...
Chicago Sc Great W.
Erie
do, preferred ........
General Electric
Illinois Central . . . . • ,
Am. Ice Securities . . • •
Louisville A NaahvlUs. • .
Total stock sales 267,800 shares.
i
ti
Es
u
0
a
s
9314
“53%
• 93
12S~
U4%
62
6214
62
ii6%
107%
107%
ffl
•91%
91%
90
i
P
i
rj
r.9
58%
174%
160%
17444
163 .
mi
34'*
84'*
m
ii"
ii"
ii"
W*
J30
13214
19014
132%
180
s*
%66
147
1*
147
i
74**
74"
7314
ii"
mi
NAME OF STOCK.
N. Y„ tint. AW...
National Lead. . . .
Northern Pacific. . .
New York Central. .
Norfolk Sc Western. .
Pennsylvania. • . • •
People’s Gaa
Pressed Steel Car. •
do. preferred. • •
Pacific alalL
Reading, ......
Republic Steel. . . .
do. preferred. • . ,
Sloss-Sbeffleld. . . . ,
Tenn. Coal 6c Iron. • «
Texas 6c Pacific. . . . ,
Union Pacific. . ... ,
United States Steel.. «
do. preferred.
Western Union. • • • • ,
Wabash.
do. preferred. . . , ,
Wisconsin CentraL • . ,
do. preferred. . . ,
m
M
NEWYORK.
turea In New
STayTT
June,
July..
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Closed barely
on near.
ti
10.72
rTw 10.7216.71-7216.^
mm 10.69 10.71-73 10,67-69
10.7 IIP*. 73-71'10.70-71
10.62 10.52-53 10.50-51
10.63 10.60-52110.60-61
10.67 10.66-67 10.66-67
10.66-63 10.66^8
10.07 10.67-*'« 10.G7-*'S
10.7K 10.78-79 1O.79-S0
steady on distant and Ann
LIVERPPOOL.
6.27%
The following figures give the .
range and .close, at compared wit]
previous close In Liverpool
. Opening
Range.
May 6.27%
May-June 6.25
J uneJuly 6.18
uly-August 6.11
August-Septerober. 6.99%
Beptember-Oct.... i.91%
Oct.-Nov 6.86
Nov.*Dec 6.82
De^.-January 6.81
January-February. 5.80
February-Mareh.* 5.81%
Closed steady.
5.98
5.91 •
6.84%
£88
NEW ORLEANS.
Tito following fa the range la cotton fu
tures in New Orleans today;
111
k
5
Laat
Sale.
Cl OH
d
May jU.31jn.S-t
June. • * 1
July.. • 9 . 1L621L63
oc??‘. \ * ! io!92 ib!«
Dec* ! * I ! iius io!s6
Jan 110.89| 10.93
ii.2&
iV.55
ib!ss
fo.*83
10.88
11.30111.25-27
[11.30
11.68 U. 57-58
11.26
11.19
10.88 10.88-89
10.85-87
10.84 10.83-84
10.93 10.87-89
TOT36
11.86
11.62-63
11.33
11.20-25
10.95-96
10:92-94
10.91-92
10.95-96
NOTES ON GRAIN.
Pointers on Provisions.
Special to The Georgian. ^ ^
(From Hayward, Vick A Clark.)
Chicago, May 11.—Bartlett, Frazier A Car-
rlngtmi: Reports bad from all sections of
both winter wheat nnd spring wheat coun
try. Believe wheat Is a purchase on every
soft spot.
Receipts of corn continue moderate and
probably will for the next ten days or two
weeks. After that look for larger move-
ment. May ndvanoe aome In sympathy with
wheat, but would prefer to sell September
coni on any sharp bulges.
Reports relative to the growing oats crop
re not nt all favorable nnd believe the de*
•rred futures a purchase on soft spots.
Think provisions, especially lard, a pur
chase.
Our Liverpool house cables: "Wbtnt af
fected. The market la very firm with cou*
tlnentnf demand. Corn dull; very little de
mand."
Weather afllt cold throughout the west
with somewhat higher temperatures In
uorthwest. Killing frosts throughout large
portion of groin belt last nlgbt.
ADVANCE IK WHEAT
SHARPJT OPENING
Trade Was Too Big and
Broad to Follow Indi
vidual ealings.
uifiivr mr me ubj. mo iu*i *n
broad affair, and values mounted .upward
In a sensational manner early on buying
“ Around
.« v ^ there
was n heavy profit-taking by the trading
In general, asd a setback resulted,, but
there wna a further advance Inter. The
day’s business was the largest Saturday for
a period of five years. All the domestic
markets wore higher and foreign markets
MOVEMENT OF COTTON ,h8m “I* ; Bn,U '
DURING PAST AVEEK ..hf°S n ?»e‘.T n a , ^ e wa, anowlng’lu
the Northweit.
Corn chwefl TlfflUc higher.
Oat, were up taCHc uud prorlalona gelo-
ed 10«*7Hc.
light for the week nnd aeaaon. aa compl .
Iijr Huperlntenilcnt King of the New York
Cotton STATEMENT.
TUI* . Lett
Year. Year.
Port receipt, (9,932 69,247
Overland to mill, and Cnn-
ada 1U42
•Southern mill* takluga *4,009
Lons of stock at Interior
towns 22,906
Brought Into sight for wk. 91,669
“ total crop movesient.
This
Year.
. ort receipts 9,461,770 7
Overland to mllla and Can-
adit 1,102.476
•Southern mill, taking,...1,949,000 1
Stock at Interior town. In
oxceaa of Sept, t 294,989
21,030
81,436
Brought Into eight thue
far for aeaaon .12.749,144 10,160.9
J. BARNE8-FAIN COMPANY
FRUIT AND PRODUCE LETTER
The present week ha* been an nctlve
ono In all branches of the fruit nnd
produce hualneaa. Apple! continue
acarce, etlll being unequal to the de
nmnd, nnd price, ruling firm «t 16,60
per barrel, the principal varletlce nrrlv-
ng being Baldwin and Ben Davie.
Orango and pineapple receipt, light,
and demand goo*!. Banana, coptinue
high, at prices quoted. Heavy re
ceipts In New York have depressed the
lemon mnrket, and stock Is now selling
nt 60 cents per box lower than last
week. Vegetables—Tomatoes sre get
ting scarce as ths East Const Is about
cleaned up, their season being short
ened one month this year owing to the
long drought, and as a result, prices
are still holding high; the stock being
offered Is mostly choice. Beans, cucum
bers, squashes, etc., sre coming In
freely end prices have been lowered
to correspond with receipts. Old Irish
potatoes have again advanced at ship
ping points, owing to the heavy de
mand for old stock In tho larger mar
ket* and the short supply now being
held at shipping points. Cabbage re
ceipts arc very light, which has caused
an advance of three cents per pound
on nil green etock. Next week’s mar
ket should show more variety In the
way of fruit and vegetables generally,
nnd prices as quoted are likely to to
maintained throughout the coming
week.
COTTON SEED OIL.
....awing Is the opening and closing of
tbs New York cotton seed all market:
Opening.
September. .
October. . .
December. ...
Cloeed ateady and strong.
ill
m
MONEY MAP OF COBALT
—IT 18 FREE—
Ulan Silver Camp. Thle map of
COBALT
oompUiMl from Government statistics and
other official data. whl<*h makes It the most
complete aud comprehensive map of CO
BALT In existence.
Send In your name today for a free copy
f the JOURNAL OF FINANCE, which Is
our Weekly Market Letter. It contains alt
the news In every field of finance, which la
collected by wire ou the date of publication.
It I* compiled by America's frimtest au
thorities. and Is maklnif *»ur clients the best
{Misted Investors in the world. It Is FREE.
THE R. L. BERNIER COMPANY,
185 Dearborn St., Chicago, III.
CHICAGO GRAIN MARKET.
Rows, compared wltb
CLEARANCES.
Wheat and flour equal 165,000 bnshels;
corn 133.000 bushels; oats 4.000 bushels;
wheat 43,000 bushels; flour 27,000 bushels.
LIVERPOOL GRAIN
Wheat closed firm %01% higher.
Corn closed quiet % lower.
WEATHER REPORT.
STATE FORECASTS.
Georgia—Fair tonight; cooler In east and
south portions; Sunday fair.
South Carolina—Fair and cooler tonight,
Sunday fair. . „
Alabama—Fair tonight and Sunday; some
what warmer Sunday In Interior.
Louisiana—Fair.
Arkansas, Oklahoma, East Texas (north
and aoutb) and West Texas (north and
south)—Fair aud warmer; Sunday partly
cloudy.
WEATHER CONDITIONS.
The areas of high and low pressure have
all moved eastward during the last twenty,
four hour* and have retained about the
same relative positions on the map. The
southern low area la now centered over the
Carollnas. Another area of low pressure
centers in the extreme uortheast; these
barometric depressions have caused cloudi
ness with rain along the Atlantic coast
nnd over the eastern half of the cotton
belt. Italn was. falling this morning at
Portland. Me., Boston and New York. The
northwestern low area has Increased in en
ergy and now centers In Wyoming, where
the pressure Is 29.52 lnchea. The highest
pressure la at Marquette, Mich.; lta Influ
ence extends south and la causing fair
weather throughout the central portion of
the United States.
Lower temperatures prevail over the Ohio
valley and the northeast, while .marked
rises are reported In the upper Missouri
valley. In other sections tho changes have
* een unimportant.
The conditions favor fair weather In this
section tonight and Sunday; somewhat
warmer Sunday.
COTTON REGION BULLETIN.
STATIONS
lUhTBI?T.
Temperatnn.
III
3s!
Max.*
Min.**
•Atlanta, cloudy. .
•Chattanooga, cloudy.
Columbus, cloudy, . .
Gafueavllle, clear. . .
Greenville, clear. . •
Griffin, cloudy. , . , .
•Macon, cloudy:. . . .
Montlcello, cloudy. • .
Nownan, cloudy. • . .
Rome, clear
Spartanburg, cloudy...
Tallapoosa, cloudy. . .
Toccoa, clear
West Point, cloudy...
68
66
72
77
§
75
73
70
67
74
68
67
70
69
64
67
8
a
62
69
67
1?
53
63
.12
1.51
.68
.28
.16
T.
.66
.04
.12
.42
.20
1.00
.22
.28
Special.to The Georgian.
(From llnyward, Vick & Clark.)
New York. May 11.—J. S. Bache * Co.:
Americans in London at tho close wero
The rumors of bond Issues were spread on
Reading and Pennsylvania nnd helped the
decline. The damage reports were, f j a
great extent confirmed In the government
report, but It should not be taken ns bear
argument on stocks. The laud will be used
for corn planting and the losses will lu that
way be made up to a great extent.
Tnc banks should make fairly good, re
turn today.
Storks should be bought on weak spots,
as tho reaction has been quite severe, nnd
railroads are making phenomenally good re
turns in all directions.
The New York Financial Bureau: Infor
matjon points to professional reactionary
operations in the stock market today. Read-
lug is sold by professionals on strong
spots for turns. Union Pacific supported
around 149 to 141. Amalgamated la well
held at 93. If Smelters breaks 130 a sharp
break might take place easily. Since the
dividend is off Atchison, we find profession
al seljlng on strong spots. St. Paul re-
matua supported around 131; if broken, room
traders will attack It. Great -Northern
technique J» n little weaker. Northern Pa
cific sfiii held around 132. Steel exhibits
a slight sngglQf tendency. Pennsylvania
supported around 122, New York Central 112,
Brooklyn Rapid Transit 58 and Baltimore
and Ohio 97. Of course, the maintenance
Of all support levels means a rally sooner
or later. Southern Pacific is well bought
on a scale down, though showing a slight
sagging tendency temporarily.
that largo converters had reappeared as ac
five purchaser* of staple brown cottons nnd
print cloth yarn construction goods for for
ward delivery. The strength of first-hand
stocks Js generally admitted, nnd it appears
to be the wise course for 1 large buyers to
take ns large a percentage aa they cau get
accepted. So far as bleached and half-
bleached lines are concerned, tho agents are
in the saddle, and are holding goods for
forward delivery at stiff prices. The few
lines still open for near-by delivery com
mand a premium from garment makers.
. --- gingham prints and light-
ottons ar *~*
Postern, J
cuttera-un. The firm tone In this mnrket
Is Induced by the scarcity of goods nnd the
unanimous attitude of manufacturers in
holding out for recent advances on ticketed
lines. Exporters report a better demand
fancy cottons for fall shipment to South
ierlcan countries, and a ateadv inquiry
„ and
this fact hns led to many retailers naming
higher prices on the goods they hold for
the present season. Cloak makers are tak-
loslery
bands,
BEARS WILL TAKE ADVANTAGE
OF FIRST SUNSHINY DAY.
New Orleans. May 11.—The TImes-Demo-
crat: "Yeaterday’a cotton market reflected
.the tension under which the reactionists are
operating, rather than any concrete price
Influence of the supply and requirement or
der.. The weather map was unfavorable in
Itself, bnt more so because of the long pe
riod of excessive moisture that preceded
it. The 111-effect. of bad weather nnder 1
the circumstances Is cumulative, however.
'* rather large contingent of professional
OPENING PHICES
UnUCNK
Union Pacific and Great
Northern Preferred Up
a Point.
TRADING WAS DULL
Bank Statement Was Much
Better Than Expected. ■
Had No Effect.
New York. May 11.—The specula,
tion In the wheat pit; which has been
constantly increasing In volume ajid
excitement all the week, reached its
climax today, when the price of the
leading options was bid up over 2
cents to the bushel. Reports of freez-
ing temperatures had something to do
with this, but the urgent buying for
future delivery In ail the foreign mar-
kets, which this morning assumed al
most the character of a panic, was the
principal factor In the riae. The local
stock market, under these circum
stances, displayed much hesitancy, and
on tho whole the undertone was heavy.
But except for Smelters and Reading!
which were at times pressed for sale
pretty actively, the market did not
show tho weakness It had on the pre-
vlous days. The stock market closed
firmer under short covering, and many
of the active stocks made gains on the
day.
NEW YORK BANK STATEMENT.
the following change*:
Loans decrease ..
Deposits decrease
$14,096.7'*
16.180.8C)
61.200
1,983.900
„ 399.70)
Reserve decrease 2.3S3.6 r 9
Reserve required decrease -4.045.!<n
Circulation Increase ....
Legal tenders decrease
Specie decrease
WEEKLY STATEMENT
ATLANTA CLEARING HOUSE
(Darwin G. Jones, Manager.)
Clearings Saturday $777,743.(7
Same day last year
Decrease
Clearings for week
Same week last year ....
Increase
.. 845.54'd
£7.799.88
4,8in.869.CS
4.57S.197.99
232,681.29
the first real sunshiny day that cornea
along. Especially Is this so becanse of the
comparatively high price at which option*
are held. The price opponent argues that
the spinner will nave taken more cotton this
douhtedly late, a favorable season hence
forth would quickly change “^
pect of affairs In the fields;
age will be large, even though the crop be
late. That the expectancy of a turn In
WEEKLY CHRONICLE’S
REPORT ON WEATHER.
New York, May 11.—“Our telegraphic re-
. arts this evening are, on the whole, of an
unfavorable tenor. Rain hna fallen In most
locslltles during the wr "
cesslve at polm
Ini "*—
NEW YORK COFFEE.
••Received lave; not Included In averages.
THIfPWTVIthAfflWr
mm
MODERN MILLER CROP OUTLOOK.
St. Louis, May U.—“Plentiful moisture
and warmer weather have had a favorable
effect on the winter wheat crop. Improved
conditions are reported (n Kansas, Nebras
ka, Missouri, Illinois. Indiana, Ohio aud the
Southwest. Field peats are reported In
many sections, but no extensive damage la
noted.”
CHICAGO CAR L0T8.
and estimated receipts for tomorrow sre as
follows:
Today. Tooinr.
Atlanta. . . .
Augusta. . .
Charleston. .
Galveston. .
Little Rock.
Memphis. . .
Mobile. . . .
Montgomery. ..
New Orleans..
Oklahoma. .
Kavannnh. .
Vicksburg. .
Wilmington.
T. indicates
Temperature.
inappreciable rainfall.
* r 24 hours ending 8 a. m.,
os.
Remarks.
Lower temperatures are reported from sec
tions in Oklahoma, Arkansas, Tennessee,
Havre, u. ui., uamoi <
cllned % franc; sales 22.000.
Hamburg, 10 a. m., market unchanged;
•ales 29,000.
Itlo receipts 18.000; shipments to Europe
7,000; stocks 817.000; mnrket qnlet.
Santos receipts two days 51,000; stocks
2,536,000; market qnlet.
Hno I’aulo receipts 40,700. Jundlahy re
ceipts 82.000.
ingL
market for today:
Opening
Range. Close.
,.5.30-5.40 5.30-5.85
..5.35-5.45 5.30-5.35
..5.36-6.40 6.36-6.40
,.5.36-5.40 5.40-5.45
..5.50-5.55 6.50-5.55
..5.35-5.45 5.35-5.40
..5.35 5.45 5.35-5.40
,.5.30-5.40 5.25-5.85
5.30-5.35 5.25-5.35
October 5.105.35 5.25-5.35
November 5.30-5.S5 6.25 5.35
December 5.30-5.35 5.25-5.35
Closed quiet. Kales 10,500 bags.
MINING 8T0CK.
per Range 81; Daly West 16%; Parrott :
LONDON. STOCK MARKET.
STOCKS-
Ansconda
Atchison .. .. .,
Amalgamated Conner
Baltimore and onto
Chesapeake and Ohio .
Canadian Pacific .. ..
Erie
preferred .. .
Je and Nashville
Mexican Central
Denver
Norfolk and Western
New York Central
Ontario and Western .. ..
Pennsylvania ..
Philadelphia and Reading ..
Rock Iiland
Southern Pacific
Southern Railway
Northern Pacific
St. Paul
Unlotf Pacific
United States Steel
do, preferred
Wabash
94% .....
'97% m
25% 23%
55% | 554*
145141144%
m 76%
113%jll4t*
3fi%! m
125% 122%
107%;1'« 7 »
.... 2IH
84%
20%; coy
....133%
1327* 133%
144 WU
. 36% 36%
.. 101%! 99%
' 13S
March
April .
sr.j ..
June ..
July ..
Safe Deposit Boxes
Our Safe Dep#sit Boxes are ele
gant and commodious, and are
equipped with every device of se
curity and convenience.
Prices Reasonable.
Central Bank &
Trust Corporation,
Candler Building.
Accountant and Auditor,
1114 Fourth National .Bank Building.
. REFERENCE: Uril Pban* ItU ATT AWTA AA
Atluu K.tlosU Book a*liAW 1A, UA.
1 “Opportunity Knocks at|
I Every Man’s Door But 1
I Once.” I
“
Perhaps a few dollars judiciously invested will mean your g
successful future. Have you them in the bank now t Q
How often have you heard the*expression: “Had the,cash g
Vf been available, I could have established a handsome income for @
S the rest of my days. , .3
Jg Have a,“nest egg” by keeping a savings account at this §
X bank, and when “Opportunity” knocks be prepared for it. £
S We pay 4 per cent on Savings Accounts. Q
HAYWARD, VICK & CLARK,
COTTON, STOCKS, BONDS, COFFEE, GRAIN AND PROVISIONS.
Carondalot and Gr.vler St*, New Orlaan*
MEMBERS:
K,w Orlnn Cotton Exchaos* I Otl«n. Fotor. Brok.rV AmcIiU*
N.w York Cotton Exctunv*
Galnatoa Cotton Exrh.Bc*
Uoaiton Cotton Eicb.DC*
New Tork and Chtcam Correspondent*
J. S. BACHE & CO* AND BARTLETT, FRAZIER & CARRINGTON.
PRIVATE WIRES TO ALL POINTS,
ALONZO RICHARDSON & CO.
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building.
ATLANTA.
Bell Phone, Main 8jX
GEORGIA.
Union Savings Bank.
0
ATLANTA NATIONAL BANK
ATLANTA, GA
C. E. CURRIER, President. H. T. INMAN, Vice-President
GEO. R. DONOVAN, Cashier.
JAMES S. FLOYD, Assistant Cashier.
Capital $500,000.00
Surplus and Undivided Profits $650,000.00
We'Solicit Your Patronage. '