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REACTION IN COTTON
BEING WORKED TOR
RiiiipniPP^iR^PPWPPPPn
■ irt i A
Professionals Taking Ad
vantage of Public Buy
ing to Realize.
LIVERPOOL STRONG
New York Opened Lower
on Sales to Realize
Profits.
N.w York. H.y IT.-An Irregular ueder-
torn* wss noted »t the opening of th* local
cotton market, first price* being 2 point*
higher to 2 joints lower.
bowerer. the ~
vane*, the trade appearing to be aomewbat
mixed regarding to* crop situation.
The opening Tn New fork wae lower In
face of decidedly etrong Llrerpool adTleea,
dae to profit-taking ealea. After the open
ing there wa* a alight rally, but It waa atill
apparent that the bull clique waa unloading
on the public.
A print, wire from New York eaya:
■•Thl, I, th, moit excited •Ituatlon In cot
ton since the Holly ye«r, snd there ere food
(rounds for the adrance. Tha market baa
' L~.e,*n airao Cram than Ihtlll rlldtlA wlin Rlllll
gotten away from tha bull clique who told
heavily, trying to check the advance, and
they will want their cotton back. Predict
12%o for October cotton before June 1.
The New York market wan very.ateady
at the close, with prlcea 10017 point* high
tr.
" | 1907.
1906.
1906. o
Receipts
34.073
64.542
331.432
67,231
330.689
«l,74l" ®
93.678 B
964,777 •
*!
1907.
1906.
1906.
, Overland, week...
Kfelfhh^weak:::!
1 BoSha* n Pt cona'n!!
15^3
1,118,286
96.446
12440.137
45.000
lLw
901,613
109,476
10,236,174
42.000
WtW
986.398
152,167
11*949,616
39.000
Comparative recelpta at all U. 8. porta:
Net recelpta today, May 17 8.MJ
Bam* day iaat year 1J.342
Total receipts alnce September 1„. 59,725
Same time laet year <».874
Decrease 19,139
w...7.332.670
I 'increaae wo,974
Estimated recelpta Baturday:
* New Orleana
• Galveston
I Houston
Movement nt Atlanta:
“ »lpta today. May 17.
1907. 1908.
6.000 to 8,000 1,790
4.000 to 6,000 1,416
2,300 to 2,600 682
me time Inst year..
Decrease
Jpments today
me day last year
ock on band today. May 17..
me day laat year
Increase
r-»s
497
None
None
6.401
6.292
1,106
NEWS AND GOSSIP
of the Fleecy Staple.
8pecia! to The Georgian.
(From Hayward, Vick A Clark.)
K»«r Ynrk. May 17.—J. 8. Cache A Co.
* - — on near and
Liverpool was due 6%1iC% up on near and
809% up on late. Opened 8 higher on near
and « higher on late. At 12:15 i>. m„ ateady
SKST —
;her on near and 909% tip on* la to
—; American 6,900: speculation and
export 600; Imports 13,000; American 9,000.
£*rl> port receipts estimated at 8,000,
17,998 laat year.
again
Xlvi
prlcea.
f>aiieve~condittont are unchanged, —
cotton la a pwcbaae on all declines.
TJ»e C*ew York Commercial: “July bulla
did not make much of a demonstration j
terday. but now and then they showed t
strength, and tbera are some who believe
that there Is going to bo more exeltement
the July option before July goes out than
re has been In many months for years.
The nominating committee of the New
York cotton exchange Is expected to meet
this morning and announce the oflnclnl tick-
* The Journal of Commerce: t ‘‘One ewnypw
does not make a summer, mood weather
for a day or two does not wlpe # out “
at 82,000, against 81,669 laat week and 109,
026 last year.
Interior receipt, for week e.tlm.ted it
i oaa — ■_ 1CI lee# iveek anil '•W .<17
50.000, against 88,184 last week and 28,767
laat rear. A .
In ten days now report* on acreage and
“ go to Washington. Farmers
over much of the belt cau not replant
for several daya yet, owing to the .soaked
condition of the soil. This means the crop
will not be up In many placet when re
port* are made, end points to a sensatloir
ally bad bureau, both os to condition and
* Liverpool closed Betnrdsy and Monday.
Jlller bought 8.000 July nt 10.98 from
Ca rnenter-Ba ggot.
Following are the 11
10.87; July 10.96r
11.28. ... * A V
There are too many waiting nnd watch
ing for a 10 or 15*polnt reaction on which to
get back their cotton to admit of much de
cline even on the favorable weather nnd ‘
Ilona for Increasing cloudiness In the
New Orleana. May 17.—Hay ward, \ fck A
„lark: There wae aome buying on forecast
for western belt, eavlug Increaelng cloud
iness; Saturday partly cloudy. Map dots
not Indicate a wet spell.
generally fair weather
In the territories end Oklahoma.
Into-slght points to .between 91.000 and
101.000, against 100,476 laat year and 152,157
into*.
Market not acting right on this strong
Llveroool. Look* as If professional long In
terests In New York, In spit* of their de-
nlalo, are aelllng for a reaction.
Tho crop In this section la very bod. [here
Is not a stand of cotton on one-half the
average planted. More than half of the
that la In the ground hn# been re
8P07 COTTON MARKET.
■H ling 12.15.
'New Orleans, firm; middling 1113-16.
Houston, steady; middling 12%.
Galveston, firin'; middling 12%.
steady; middling 11%.
•"*“ mbbulng 12%.
Anguei'a, steady; middling 12%.
TODA'v '8 PORT RECEIPTS.
Tbs following table shows recelpta at ths
porta today, compared with the same day
Uat year:
New Orleans. . . .
Galveston
Mobile
Savannah
Charleston. . . . .
Wilmington. . , .
• Total.
INTERIOR RECEIPT8.
The following table shows the Interior
movement of cotton, compared with the
name day laat year:
Houston. . .
Total ,1
HAYWARD. VICK * CLARK'S
DAILY COTTON LETTER.
lo Liverpool on
figures, showing plainly that big Interests
are resitting. The public spirit, which Is
very bullish, la being cleverly ueed to make
good market* for that purpose. That a
reaction la being worked for In profes
sional quarters, the markets show by their
action today. Success depends on tho
weather over Sunday. Th* trade Is nervous
ever th* weather, and the slightest derl*.
tlon from perfect cause* a scarcity of Bell-
cloudy westhi
started buying nt once. Indications on
the map. however, do not point to a recur
rence of deluging rains. Weather condi
tions during the pest twenty-four hours
were good. Generally fair weather and
higher temperatures prevnlled. Crop news.
except from the West. Is, of course, very
bed. even from portions of the Corollas*.
Cotton there Is badly In the great, and not
making any headway. Only a moderate
crop at best la pronounced possible. Tak
ing It ell around, prospects nre very bullish,
but we have bed a good advance In antici
pation of the strained conditions which
Price* ruled very quiet after the firm oi
Ing. due to higher Liverpool cables. ...
far months held very firm In the face
open-
The
Ing. due to highs
far months held _ . _ ... v .
of realising and Improvement In weather
condition*, and held the market In check
aomewbat. but did not bring about much
of a reaction. Private crop news somewhat
offset the public reports, being more bull
ish. and this was a sustaining factor. Sen
timent still continued bullish, and the out-
•We element In the matter were more in
clined to hold for large advances then for
quick profits. We can tee no reaeon to
change our vfewa that cotton prices are
on the — ““**■
up-tack.
are still hav
Ing Just enough showers Continually to pro
duce a wonderful cron of weeds and grass,
which has been facilitated by the thorough
cultivation of the land early in winter, the
weather having been so cold snd wet that
It has retarded cotton very much, but
weeds and grasa have continued to thrive.
Of course we can atill make a crop In this
weather, but It la bound to,be a late one
If we did, na so much of It la yet to come
U *Memphte wire*: "Mike Thomas, of Pal
las, says reports from 27 counties In Texas
abow 45 per rent to be replanted and condi
tion under 60.**
ATLANTA MARKETS.
FRUIT AND PRODUCE.
KOGH—Active 16c.
riiu-B'-iiM. u
30c each;
feathered,
pound.
nr, each; ducks, Pekin,
tiddle 26e each; geese, full
each; turkeys, dull 12%c
K'
14017c pound; fries active 10011c pound
bens 14c pound.
PRODUCE—Ijird 10011c pound; hams ac
tive 16c pound; shoulders active 10011c
—It»d{ aide* active lie pound; butter active
I fife
poHPMI
peas active 12.26 bushel; lady peas 83-50
bushel: stock 81.7602.18 bushel.
Flip ITS—l.ctnon*. fancy Messenn. 15.000
6.9; bananas, per bunch, culls, active, 91;i
Straights 3%c pound: pineapple* Cuban, per
crate, 83.0003:60; Florida. 84.00; oranges.
Florida stock, owing to slse nnd condition
on arrival,, per box, 84.0004.60. Apples,
New York state fancy, 86-5007.00. Florida I
honey r>each*«, 86.00 per crate. Grape
firaiteFlortda stock, owing to slaeHwm
■ker box 82.6003
l£ r
VKGKTA
; dried peaches,
elloiv squash, 8202.9
iww;: tomatoes active, 82.2608.00; potatoes,
new, 84-0006.60 barrel; onions, Louisiana.
t "*—*lan, 4c pound; old
1801.20 bushel; cel-
1 1.75’ per bushel; Egyptian. 4c* pound; obi
rlsh potatoes active fi/
Irish potatoes active
cry. fancy, 63.6004.00
82.50 crate; okra, ala
•lx baskets, small. 86.00
crate; kraut, u-.. umivu uraua, nrnm
green. 82.26; .wax 81.2501.50 crate: aapara-
iue 15020c 2-pound bunches; English peaa.
82.60 crate; cucumber*, 82.25 crate; beets *
crate.
GROCERIES.
niCE-Jap 606%c; head 807c; fancy bead
6%07. according to the grade.
CHEE8E-Fancy full cream dairy I7%c;
twin* 17*40.
E-Sf
Kl'GAU—Standard granulated 85.20; New
York refined 4%c: plantation 4%c.
COFFEE—Roaateil Arbuckles 816; bulk in
bags and barrels 12c; green 11012c.
Shredded biscuit 86 case; No. 3 rolled oats
83.9 case; sack grits, 96-pound bags. 81.85:
oysters, full weight, 83 case; light weight
81.10 cate; evaporated apples 7%c pound;
pepper 18c pound: baking powder 85 case;
r*8 salmon 86 cast; pink
cocoa 40c; chocolate 18c; snuff, 1-pound Jars,
44o; roast beef 82.60 case; corned beef 82.6u
leans, «bc iwiuiii mill we gniiun; i nil*
36c gallon: Georgia cane 36c gallon; salt,
corn 80c gallon; Cuba
era 6%c pound; lemon 7c: oyster 7c; t*r-
rel candy, per pound, 6%c; mixed, per
id, «%c: tomatoes, 2-pound. 81.90 case;
_„.ind 83.25; navy beans 82: i.lnm beans.
6c: best matches, per gross. 81.66; macaroni,
6%07e pound: sardines, mustard. 83.9 case;
i-pij cation, lie; mp,
FLOUR AND GRAIN.
11.71; standard patent MX; lult patent
HU: entire wheat patent IS.
CORN—Ho. I white, Me; rbole, white. fOe:
white feed, Me; No. 2 yellnw, 7«r; mixed,
74e: cracked corn, per hti.bel, JSe; bull,. 111.
CHICKEN F E K D—Fifty -pound urk. Me;
Purina chick feed, 81.90; Victor feed, 81.80;
brand fee-l. 91-30. •
OAT8-.No. 2 white. 68c: No. 2 mixed, 57c;
Golden oets 67c; white clipped 60c.
MKAL- Plain, per W pound eacka. 72e; 48-
pound sacks, 73c; plalu, 20 |>outid sacks, 74c;
germ 81.25.
do, choice, small bales, 81.30; do No. 1.'
third bales. 81.30; No. 2 third bales, fl.20;
No. 1 clover, mixed, 81.20; choice pmlrle.
Edited by
Joseph B. Lively
MARKETS
Mr. Lively’s twenty-five
years* experience of ed
iting markets In Atlanta
and the South has mads
him a recognized au
thority In bis specialty.
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
NAUE OF STOCK.
Ama If, mated Copp*TT
Atlantic Coait 1.1ns. .
Anaconoa
American Locomotive,
do, preferred
uo, pmsrrwu . * ..
Am. smelting lief. . •
do. preferred , . ..
Atchison ......
do. preferred
tin. pictfliini ...»
American Cotton Oil. •
Am. Car Foundry . . •
Baltimore Sc Ohio
Chesapeake A Ohio .
Colorado Fuel A Iron.
Central Leather ....
do. n r^fered ....
Chicago A Great W. .
t UlCMfcO. ji., sc rtt. P..
Itelaware A Hudson. .
Distiller's Securities .
Erie
do, preferred • . .. ,
General Electric . • .
Illinois Central ....
Am. Ice Securitise . .
Louisville A Nashville,
kfexlcan Central . . .
Missouri Pscjdc ....
NAME OF STOCK.
N. Y„ Ont A W. . . .
National Lead
Northern Pacific. . • ,
New York Central. . ,
Norfolk A Western. . «
Pennsylvania
do.
Pacific 1
Republic Steel. ....
Rock Island
do. preferred. . . .
United States Rubber. ,
do. preferred.
Southern Pacific. . .
Southern Railway,. .
do. preferred. . .
Sloss-Sheffield.
Tenn. Coal A Iron;
Texas A Pacific. . .
Union Pacific. . . . .
Uulted States Steel. .
do. preferred.
Va.-Car.CbemlcsL .
do. preferred. .
Western Union. . .
Wabaah
Wisconsin Central
do, preferred .
do, preferred .
NEW YORK.
Slay..
Jnne. ,
July..
Aug. .
Hept. .
Oct. .
Nov. .
Dec. .
Jan.
!i I
11.01
Closed very steady.
mmwrmt
mm —10.96-10
11.<>r
1
11."'.
11.06-06
10.99-11
11.04-06
11.2011.19-20
11.20-22
11.26-26
If
loieiw
11.04-06
11.89-40 11.22-28
LIVERPOOL.
The following Is the opening range, 8 p.
tn. and cloae, compared .with yeateraay:
Futures opened firm.
, Opening ’ Previous
Range. 2 p. m. Close. Close.
May 6.47 -0.47% .... 6.50 6.r**
May-June... 6.44 ^.4^4 6.46% 6.49% 6.1
June-July... 6.34 -6.9% 6.36% 6.30% 6.!
July-Aug.... 6.29 -6.32 6.32 6.34% 6.:
Aug.-Sept... fl.18%-6.22 6.22 *** *
Kept.-Oct.... 6.11 -6.13% 6.13
Oct.-Nov.... 6.02 -6.06 6.06^
Nov.-Dec.... 6.01 -6.02 6.02 1
Dec.-Jan.... 6.00 -6.01% 6.01’
Jan.-Feb.... 6.00 6.99
Feb.-Mar.... 6.01 6.01
Closed ateady.
NEW ORLEANS.
— — -
Th* following Is th* range In cotton fo*
tore* In New Orloso* today:
1 Jl i
h
3
II
t
a
Ft
sl
S.U
May ItL 48111.63
June. • .
July 1LSSU.94
AUg. • V
8ept. • •
Oct. . . . .11.32 11.52
b?c.’ *. : iilao ii.«
Jen |lLS4ill.El
ii!si
uii
'll! 23
11.81
KU
n.ti
iilei
1L48
11.51
11.6^-59
1L66
11.90-91
11.70
11.65-76
11.60-61
11.49-50
11.47-48
11.60-51
11.48*60
11.65
U.89-90
11.83-30
11.60
1L 35-36
11.32-34
11.31-32
11.35-36
Closed ateady.
NOTES ON GRAIN.
Pointers on Provisions.
Special to The Georgian.
(From Hayward, Vick A Clark.)
Chlcngo. May 17.—Weather generally clear
higher temperatures throughout
cuing. Think It n purchase on all reactions
and Took for much higher prlcea.
Fair demand for corn and oats and look to
•ee them sympathise somewhat with wheat.
Would prefer to buy September oats on
any soft spot,
Cool f rli.i.it I
Feel friendly to provisions.
Our Liverpool house cables: "Wheat la
higher, affected by American advices. Ar-
peoted, but supplies
pected shortly. Corn firm* with
demand."
The Chicago.Record-Harald: Echoes of
deliveries around 81 per bushel are
floating around the trade in large numbers.
One house haa sold out enough long wheat
since Friday laat to enabla It to take about
“1,000,000 out of the clearing bouse when all
£ tho mnrgtns tied up lu unsettled trades
re drawn from. The winnings have gone
to the public, less than a doxeu of the lurge
K sfessiunal speculators getting anything
e large profits out of the rally. A cheek
went to Doetou laat night, an
other for 8200,000 waa sent on Mouday to
8nn Francisco, while large sums have gone
to smaller cities and towns covering a wide
territory. Pennsylvania. Ohio, Indlsua and
Michigan grain men and others have made
big winnings. Small towns In Oklahoma
which Invested In wheat early have taken
down phenomenally large sums. Borne of
these small accounts have shown profits of
20c per bushel.
EXCITEMENT GREAT
IN THE WHEAT PIT
Prices Declined a Fraction
to Two Cents at the
Start.
NEWS WAS BEARISH
Heavy Buying oh Decline
by Outside Later Sent
Prices Skyward.
men report 25 per cent
Our
the whist seed
ed from Itrandon to Mooao Jaw Saturday.
That la the principal wheat district. Home
districts practically finished. • Every fine
day will see 10 per cont additional seeded.
Just talking long distance 260 miles west.
Saya
estimate .
don offering us
everybody seeding this morning, bah
ate for todnjr 40 per rent needed. Lou
ffedng us Manitoba No. 1 8c uuder our
The wheat market mar possibly show
aome further break to 92093c for Julv. but
Is opeu to doubt." Is the view of h. W.
1 tenuis. "On any further break would buy
courageous holders wll
ilianehardT~N'T Dak., reported: "Worst
storm ever known this time of yaar. 61*
to tun Indie* of snow and sleet. Seeding
done up, with only one-tblrd completed In
the state. * * *“**““*
Not safe to seed wheat after
this." Ijirlmore. N. Dak., wire to Bennett
said: "Heeding progressing very alowly.
Ground freeaea every night. Tan only seed
In afternoon; often lose entire day. Acre
age will be nt least one-tblrd less.
One of the Omaha grain men on the
special trip through Kansas: "II»ve exam
ined fields thoroughly through Sumner nnd
Nodgewlck counties, tho two banner coun-
t ea of the elate, end do not believe that
there will be 10 per cent of the wheat In
these two counties harvested, brom Wlcht-
rcri' uleeWki ng w whea r." but "green"bu* i J t 1 }
everv field, and In about two weeks will
suffer great damage. In every field of
wheat wo examined, and we were very
thorough, we found the peet even to
miles of Omaha. There were forty-five
tho party and a vote taken as to the
damage (lone up to present time waa 47 per
cent, and, tn my opinion, two weeka more
will 'make this greater. Oata vary poor In
Nebrnaka and Kansas-nractleally non* at
all. I only saw one field of corn out of the
...^4 ... mIIm (.In "
ground on the entire trip. „
"Foreign markets are all quieting down,
ild a Sew York meeaage to 1^®-
Demand for moment hae been filled, and
all exporters had aelllng order* for both
cash and futures."
COTTON SEED OIL.
Chicago, May 17.—Wheat closed with ad
vances of l%02%c for the day and at sharp
reactions from the top. Corn was up %0
best and the market was a big affair from
tho start to the finish. Shorts and Investors
were first on one aide and then on the
morn a
W. H.
field v:
Nebr., i
WEATHER REPORT.
8TATE FORECASTS.
Georgia—Fair tonight; warmer in north
and east portions; HTaturday fair and warm
er In east and south portions.
South Carolina—Fair tonight; warmer In
the Interior: Saturday fair and warmer.
Alabama—Fair and warmer tonight and
Saturday,
WEATHER CONDITIONS.
and la now centered over southern Alabama.
Its advance* haa caused cooler weather In
the Houth Atlantic states and over moat of
Georgia.
Clear weather prevails over the southern
hnlf of the map, while cloudlnesa Is the rule
in the northern tier of states. Rain haa
fallen at all stations on the Atlantic coast
from Maine to southern Florida and along
the northern border of the United States
from the northern lakes to Montana.
The adrance of the low area from the
went will cause fair and warmer weather
In this section tonight and Saturday.
COTTON REGION BULLETIN.
•Atlantn, clear.
enormous transactions In corn and oata.
Provisions showed more life, too, and
doled blgbar.
CHICAGO GRAIN MARKET.
Chicago grain and provision qnotatlons
for today are as follows, compared with
yesterday's close:
Previous
Open. High. Low. Close. Close.
WHEAT—
May 96%
Hept 99
Dec 100
CORN-
gft
Sept.... 63
Dec. ^ L 6074
OATS-
MR::: 158
*Tdnk- r ‘ ^ **
mm..
MODERN MILLER CROP REPORT.
St. Loula, May 17.—The winter wheat
rep In most states la Infested with field
eats.east of the Mississippi river. Little
damage. la Indicated by Insects and crop
tlona generally reported west of the
extending aa
October
November. « . .
December. . . .
Closed strong.
sm
THE LIVE STOCK MARKET.
Irhlcago. May 17.—Hogs—Receipts 22.000.
Market for light hnga strong and a shade
higher; others wmik: light 86.3006.36; mixed
86.2606.50; heavy 8606.4<V; rough 8606.15; pigs
85.8506 40; yorkers 96-5006.55; good to choice
iimt; »e.3o«k4o.^ra^m..^ra
Cattle—Receipts t.000. Market steady;
poor !*eeves 84.906.45; rows 818006.40; heff.
ers 82.7005.40; dives 84.5006.9: good prime
steers 85.3506.45; poor to medium 84.2508.90;
Mockers and feeders 83.9606.15.
I Sheep-Receipt* 4.000. Market steady;
good native* 84.50ff6.20; yr»tern_84.6«>q6.lHr
L. H. Fairchild. £ittbllih«d 1885. 8.
L. H. FAIRCHILD & COMPANY,
NEW ORLEANS.
^ Member.:
vlZ £ 0,,< 2 E Net Ynrk Cofte. Kirtain.
SZ Stew Orlo.no H,p«fil «f Trad.,
Sew Orlnni (tank Kxrh.DC. <'hl.or' Hoard of Trodr.
LIVERPOOL COTTON ASSOCIATION.
Private Wires to NEW YORK sad CUICAGO. Orders sullcited for future dellv-
B. C. LOTH HAN.
ery os above Exchanges.
PROVISIONS.
PROVISIONS—Supreme harae 15%c; bel
lies. 20025 iNmnds; average, 10J6; fst becks,
S.9; i late*. MO; supreme lard. 10.73; |*nr-
Ity cotipound 8%e; California hams 10.51;
dry salt extra ribs. I.S3.
FISH.
FISH—Bream 7c pound; .
pound: truut Sc pound; blue fi«h ft* pound;
pom pa no 25c pound: mackerel I2%e |iound;
mixed fish &•* pound: fresh water trout 9c
pound: Florida shad roe 25**; buck lOcj
Georgia shad roc 4«V; buck 15c esih.
Nebraska. °^fn central and southern Kan
•as and Missouri the lose Is serious, end
In tho southern counties of Kansas the lots
ts as heavy as In Texas and Oklahoma.
Damage by frost Is also noted. Warm
weather Is urgently, needed.
LIVERPOOL GRAIN.
heat opened H01S higher, and at 1:39
i. 1%01% higher. Closed 1%01% higher,
irn opened % higher, and at 1:30 p. m.
NAVAL STORES.
8pet*!a! to The Georigan.
HavannaU. May 17.—'Turpentine steady at
61%: sales, none; receipts. 6*9.
^osln firm: sale*, 1.232; receipts. 1.709;
85.52%: N, 85.40; K. I6.»: I, 8490; II. 84.30;
G. 84.67%04.8S; V' 84.6004.76; ~ *' 1
84.50; A B C, R2504.4O.
•Chattanoofa, clear* *
Columbus, clear. . . ,
Gainesville, clear. . .
Ownrllle, clear. . . .
Griffin, clear. . . . ,
•Macon, clear. . • . .
Montb cllo, clear. • . .
Newnan, clear. . , , .
Homo, clear
Spartanburg, clear. . .
Tallapoosa, cloudy. . .
Tocooa, clear. . . . .
Meet Point, dear
TIPS FLASHED
From Wall Street
Special to The Georgian.
(From Hayward, Vick & Clark.) I
New York, May 17.—J. 8. Bache & Co.
London firm. Union Pacific strong and ad
voneed 1%.
The violent rise In the groin market was
responsible for weakness in stocks jester-
lansas secretary of agriculture today
roads handling very heavy
section.
Bank statement tomorrow should be a fa
vorable one.
Look for recoveries In general market dor-
New York Financial Bureau: Loq.
Canadian Pacific
8t. Paul %;''New
and UL without apodal
formation showing professional buying on
weakness and aellhr “
be said of Union ! ... .
149, except that information also Indicates
w, IIMI
hnlllsh feeling. Pennsylvania support
nd 122. Chesapeake and Ohio
nnd Is sold on firm spots for scalps by nvo
fesslouals. Canadian Pacific Is accorded the
same treatment, a little more warily, owing
to the small floating sapply of stock, bat
the basis of attack seems to be the crop
damage. Amalgamated Copper Information
la bullish. Northern Pacific, 8t Paul.
Great Northern preferred are bought on
weakness. 8t. Paul support la 131 to 132,
Northern Pacific 132. Great Northern pre
ferred toward 180. Southern Pacific la meet
ing buying ordfere around 83. Smelting re-
ntrlcted uow between 127 and 130. Brook
lyn Rapid Transit la held between 67 and
G3. Others are in trading position.
Town Topics: The stock market la still
under the influence of besrlsh operators,
though the banking Interests- are checking
►od stocks for a turn, especially
tnd Hsrrlman Issues. St. Paul.
Pennsylvania, Baltimore and
>r long pull on the cheap southwestern
illway issues. Their earnings will be more
nd more a certain Influence for higher
rices.
The bank statement outlook Is quite sat-
factory nnd the surplus reserve shoulf *
>nalderahly Increased.
We look for bullish demonstrations In
meltera and the copper shares, the for-
gn metal position being especially strong.
Take profits In wheat on strong spots
now. Buy cotton when weak.
THE 8UGAR MARKET.
THE COFFEE MARKET.
New York, May 17.—Following are coffee
cables: ...
Havre, 10 a. m.—Market steady; noon, ad
vanced % franc; sales, 26,000: arrivals, all
kinds, during the week, 14,003, Including 6,000
Brasilian; deliveries, all kinds, during the
week, 64,000; atocka, 2.674,000, of which 2.077,-
week, 54.000; stocks, 2,674,000, of which 2.077,-
000 are Braxlllan. Total quantities discharge
‘ig, 116,000, of which 94,000 are Braxlllan.
Hamburg, 10 a. m.—Market unchanged to
, pfennig decline; salei, 26,000. Saturday
ad Monday will be holidays In Hamburg.
Rio receipts, 8,000; shipments to United
States, l.OOu; Europe, none; stocks, 649,000;
market Inactive.
Santos receipts, 49,000; stocks, 2,472,000;
market inactive.
8so Paulo receipts, 42,700; Jundlthy re
ceipts, 27.000.
The following figures give ths opening
inge and cloae of the wew York coffee
market for today:
Movement Was Sluggish h\
New York in the Early
Session.
ADVANCES WERE FEW
Fractional Advances Shown.
Declines From a Frac
tion to a Point.
, Toft May 17.-—A now IdOucd,. „hfrh
5S2..«7. 4 ““f «'??•»* pn ib.Ti
TUMU dajra of thn week summed Incr.nffj
Importance In todu*( nurket. 8terhm. l“‘
change roae ndtidT,".! 1 "tie openin'i V'
l.u.lne.s o«r ^cm «he^ponntf "n^,,!
>5“1 adrance o7'ofer He* Jdoe t "tli«"!Sl‘ 1 l i!
of the week. A reaction from th" ’ 1
tlona) uprising In the (iraTn maifiteta" a^Jm!'
panylhR furtGer reporta oltat,,
In the wheat dlatrlct waa noticed ,
oin in ■ uf'f trlct ?*• noticed. „ '
(llnarlly mlaht have been. In the :
deallnua. ftofeealonal aentlment rf« i’
creaalngte peaalmlatlo and operatn.ni ,
the decline were renewed In varloua * | r „.
tlona. Steel common apd Pennavlvanh!
were conaplcuoualf under preaaure ■
more active apcculatlvo favorltea like twi
IDS and Union Pnelflc. felloff 'Xm',
-New Torfc, May 17.-Whlle tha mnrket
showed aome Irregularity at the off, 1
irs.U'is
MINING STOCKS.
Boston, May 17.—Opening etocks-
North Butte. 91 3-4; Old Dominion, hi-
Osceola, 1(0; Trinity, 21 1-4; CoppeJ
Range, 83 3-4; Mohawk, 8S. PP
THE LONDON 8TOCK MARKET.
8TOCKS-
|Op n 2 pm
Atcniaon •« •• •• „ ^ ,,
Amalgamated Copper .. M
Baltimore and Ohio
Chesapeake and Ohio
Chicago end Greet Western..
Canadian Pacific •• ..
Brie .. ,
do. preferred
uo. jircirrreu •• •• ,, •«
lllnola Central
Kansas and Texas .......
i and Naihvillo .’.‘J’
January .
February .
Maroh ..
April .. ..
.13
■ as
April
May .. .. .. .
June .. .. H (
July .. .. #. ••
Augunt
September .. ..
October
November
December
Closed steady.
Opening
Range.
6.35-6.40
.. .. ..6.35-5.45
5.40-5.45
. .. .. ..5.40-5.50
6.60-5.70
6.40-6.50
.. .. ..5.40-6.45
5.35-5.40
..6.35-8.40
..5,30-5.35
6.30-5.36
6.80-5.35
Bales 47,760 bags.
Close.
6.S5-5.40
6.83-6.40
6.40-6.45
6.45- 5.60
6.6641.70
6.45- 6.60
6.40-6.45
6.35-5.40
6.86-6.40
6.35- 5.40
6.35- 6.40
6.25-6.40
PR08PECT8 NOT FLATTERING
FOR FULL YIELD OF COTTON.
New Orleana. May 17.—The Tlmes-Demo-
crat says: "The more auspicious aspect of
the weather map and the forecast may alter
aentlment, but to what extent It Is den<
the moment, from the view
point of the roan who recognises the necee-
alty for a full yield, the prospect la not flat
tering. A week may he required for the
determination of the approximate!/ correct
determination of the approximate!/ correct
price required to fit intelligent anticipation*
as to the relation of supply and demand.
In the Interim a nervous market should be
the rule rather than the exception for the
HEAVY RAINFALLS.
Newbern, N. C., 1.88.
DISTRICT averages
CENTRAL
STATION.
Atlanta. . .
Augnata. . ,
Charleston. .
Galveston. .
Little Rock.
Memphis. . .
Mobile.
Montgomery.
New Orleans.
Oklahoma.
Savannah.
Vicksburg.
Wilmington.* !
Temperature
IS
= ay
ite!52l C * t Uu. , “ p ,! r : cl,bl * ”!*•(»»• -For
j." , *£S , ,Tdi« 1 uZ, 2i bmn • ai,at »»•
. Remark*,
nifhrr temprrnturr. ar. r«port«1 from
wMt.ru and c.ntral dlatrlct. and lower
temperature, from .aatern dlatrlct,. Light
","’.;.. ll V.':. occurr,<1 ,n * north.ait aectTou
of th. b«IL
WEATHER FORECAST.
Loul.lana—F.lr and warmer.
Arkanua-Falr and warmer; Saturday
partly cloudy. '
Oklahoma and Indian T.rritory-IncrMn
Ing cloutlloc-.
Texas—Incrcnalng cloudiness and warmtt
for entlra state; Saturday partly cloudy™
THE METAL MARKET.
New York. May 17—At tho metal ex-
change today, extreme ilitllncae prevailed,
with price, about unchanged, with the eg.
ceptlou of tin. which showed a slightly cas
ter tendency for spot and near-by deliver-
Other commodities unchanged.
LIVERPOOL EXCITED.
window glass. 95.80; water-white, 15.55; M
: X. IS.40; K, IS. 10: I. 94.*); II. 94.00.,
.. p H70 . „ j |n ,^fighiy“eicltrt condition t^tey
Llvenwol, May II.-The wheat market wae
I a highly excite — —■ - - -
roae 2d per cental.
are no land
marks and no known refuga of anfety. It
la a very difficult thing to accurately dis
count a situation. Yesterday’s price fluc
tuations demonstrated thn marked uncer
tainty of apcculatlvo calculations, and also
the general fear of further advance."—Hay
ward, -
Vick & Clark.
ALL COUNT8 COTTON YEARNS
PRICES FIRMLY MAINTAINED.
The fact become, more and more apparent
each day thnt cotton yarn aplnncrs and nail.
Ing agents ire determined not to grant any
further concessions. In nil quarters of tha
Norfolk t
Now York Central .. .. ..
Ontario and Wtstam .. ..
Pennsylvania
Philadelphia and Beading ..
teas ~
Houtnern naiiway M ••
St Paul .. ........ ,.
Union Pncldo .. .. .. .. „ ..
United States Steel •• • • „,
do, preferred ........ ..
Wabaah ..............
do, preferred
yarns for drllrcrlea ranging from the middle
of this year through to April, 190*. This
plainly Indicates that weavers are not
afraid that prlcea will he lower later on.
and. In fact, seem to believe that there h
every poatiblllty of etlffer prices owing to
steadily Increasing demand for cotton
yarns.
There haa been quite a steady demand for
Sbuthern single-chain warps tn numheri
ranging from I2n to 20i, while on tho higher
counts business Is rather quiet On Sooth-
nnd foil prtcon have been secured
where orders have been accepted.
In tho knitting yarn division of tho mar
ket good reports are to band regarding tha
nates put through, and sellers state that.
taken na h wholo, tho market Is In s mtn h
than It has been for nnm.
bare evidently made np
‘ prices will he
era are placed
now they etand more show of getting de
liveries on tho same than they would If
they waited for a decline.
Leading Southern knitters bars plac'd
quite a raw orders alnce the week opened.
.. iers have hern
6 laced at fnll open mnrket quotations, and
tie only question which teems to hate
arisen has neon that of dellierlea.
Print Cloth, Qo Higher.
On account of a stronger movement In
the staple, print elothi for any delltrrj
during 19W are aelllng up 14 to U'. On wide
94a for October and November delivery th»
mills are asking ?a, and It Is only on
tracts for contuderabla volume that «V I;
quoted. The market la unusually I
23-loch 60x72e and Joblmra are lilddl
bare 'f
dug f"t
search the market for spots and are tnklng
any stocks that come to light at top valua
tions
New York. Boston. Chicago. Washington. Philadelphia.
• Baltimore. Atlanta. New Orleans. 8an Francisco. London.
Th? American Audit Compahy,
100 Broadway, New York City,
F. W. LAFRENTZ, C. P. A, Prea. G. E. MANWARING, Vice Pres
THEO COCHEU, JR., Secretary.
The American Audit Company, chartered under the laws of New York.
la empowered to exatnlne tho affairs of, and mako reports upon the flnan-
clal condition of private and public concerns for directors, officers and In
dividuals. The preparation and Installing of systems a specialty.
ATLANTA BRANCH, 101B-1016-10X7-1018 FOURTH NATL BANK BLDO-
C. B. BIDWELL, Resident Manager.
Telephone, Main 872. Cable Addreee, Amdlt, New York.
HAYWARD, VICK & CLARK,
COTTON, STOCKS, BONDS, COFFEE, GRAIN AND PROVISIONS
Carondelet end Grevler 8ts* New Orleene.
MEMBERS:
_ York Cottee Kichange.
Oilrreton Cotton Etehange.
Uouatoa Cottan Exchange.
j Now Orleans Future Brokers’ Association.
I KEM? i ni1 i; hl ^*Cr Boards of Tradfc
New >otk.Coffee Exchange-
Associate Members Liverpool Cotton Aao'n
r*etv Yorh snd Chicago Correspondents.
J. s BACHE A CO., AND BARTLETT, FRAZIER A CARRINGTON.
PRIYME WIRES TO ALL POINT*
it. si. Aim^iPU.Y, vicp-i rpsiuenu iiiuajan l. miu i.’i '-•■“•r**
JOSEPH A. M’CORD, Vlc*-Prasldent R. W. BYERS. Assistant Cashier.
Third National Bank
Capital .... $200,000.00
Surplus and Profits $400,000.00
DR. A. W. CALHOUN,
MILTON DARGAX,
JOHN W. GRANT,
II. Y. M COBD,
J. IT. NUNN ALLY,
J. CARROLL PAYaNE,
E. B. BOB8EB,
DAVID WOODWARD.
ALONZO RICHARDSON & CO.
PUBLIC ACCOUNTANTS
AND AUDITORS
Empire Building. Bell Phone, MainfcS.
ATLANTA. GEORGIA.