Newspaper Page Text
THE ATLANTA GEORGIAN AND NEWS. SATURDAY, JUNE 1, 1907.
15
ionN AND STEEL EXPORTS
iR on *" lead , n manufactures,
..rci exports from the United
,r0 " ?n .ho flUl ycaf which end* with
'’“‘"month will ap i^ 0 «i roat< ‘, ,y
.TidooMO I" mine, aa,,J,, “ t ’ 57 ' 000>W0 a dt "
**• ,: r iier and *10,000.000 two decades ear
;f da ngoro* Issued liy tho hurrau of sta
.lies of the departmeat of cninrncrco and
, f r show the value of Iron nn.l steel man
ia 1 ’ 1 * sh . , | n the ton months ended
-'■ r ‘T*H ,I SmTVt a boat *100,000,000. and
With Ajjjris seenT to justify the estimate
tb*«S«BS | D round terms, as
of »'?:Sfrf'.ron and Steel exports for the
the ;« a r °[9m ln lhe llseal year 1807 the
«»■*' £2L ir Iron and steel
total r»;“l^r 0 nly *57.000,000.
5SS-J& the total was a little less
0 !&. ,l S3fto*th has brought Iron and
. ,b i manufactures far In tlie lead of any
Stef* tuottaf , mam ,f.ietnros In the export
other Jf°}2L TjnHed State*. Darin the 20-
!eir peritS from the beginning of 1S7S to
woodmsnnfnetnres exported amounted
PmSSbiBl whlleJron nod steel inanufne-
"res Ssn’ttnl to only *100,000,0M. With
}H2 hegano marked Increase In the oxpor-
Iron and steel manufactures and
, . the lleclnnlng of tliat year to the close
fr ,' he AksI year 1906 exports thereof
>'< . ‘ .oed to *1,137,000,000, while those of
S nm..of«tu«s duWn* the same period
nlSS St *536,000,000, or lass than half
me value of Iron and steel manufactures
.luted Cotton manufactures were n
' .LT ioatl to Iron and steel daring the
irifer IHTlod, hot now stand fourth lu the
kt f great groups of manufactures export
s' "rorfand steerranking first, copper sec-
wood manufactures third, ami cotton
manufactures fourth. For the ulne months
f he fiscal rear 1007. for which figures are
now available, manufactures of Iron and
Steal exported aggregated *132,000.000; copner
mn imfuctures. *70.000,000; wood manufac-
*26 500.000, the figun-s for cotton man-
,fa. toms being sNiut J15.OM.000 below those
me corresponding perloil of last year,
while iron and steel, copper, and wood
manufactures show In etch ease n marked
acresse orer the corresponding months of
. TMr Meantime leather aud uiaunfne-
uri '*' thereof hare outranked cotton goods,
the value of lenther In the nine months
'f the tisra! year 1907 being *31.250.000,
n":iii,st $35,503,000 value of cotton ninuufnc-
tU TIUs l riphl crowth in the exportation of
Iron nml steel manufacture!! Is especially
interesting in view of the fact that finished
manufactures form n larger percentage of
the* grout) total in thla group than la the
(••tie in ninny bther of the great groups of
articles classed ns manufactures by the bu
reau of statistics. In copper exportations,
the group of second rnnk. a large propor
tion of the value occurs In s class which
has undergone but a slight process of manu
facture. namely, copper In Ingots, bars nut!
nluts and this Is also true of wood manu
factures. of which luuilier, sawed titnl»er.
and shook* form a large percentage of the
total ••sports. In the case of leather and
manufactures thereof, sole leather and up
per leather form more than half of the total
exportations. In the rase of Iron and steel,
however, finished articles form a large
share of the rapidly growing total. Of the
fl3J.000.000 worth of iron and steel inarm-
fact urea exported In the nine months end-
In? with March, 1907, nearly $7.000,OK) worth
consisted of locomotives; nearly $6,000,000.
sewins machines; $4,503,000. typewriters;
over $5,000,009, electrical machinery; nearly
$7,000,000. metal working machinery; over
$17,009,000, miscellaneous machinery not sep
arately specified: nearly $11,003,003. builders'
hardware. Including locks, hinges, saws.
Inals, etc.; more than $0,009,000, steel rails,
aud alKMit $5,000,000, structural iron and
steel.
The high grade manufactures of iron and
■teel exported from the United States find
n wide distribution and are accepted in
everv part of the world. Of the neurlv $7.-
030,on worth of locomotives exported daring
tin- nine months uuder consideration Japan.
Mexico, the Central American states and
Canada took each more than $1,030,090
worth, while Cuba, Argentina, Ilruzil and
Australia also purchased considerable
values. Of the $4,590,000 worth of type
writers exported, the United Kingdom was
by far the largest purchaser, taking more
than one-fourth of the total, while Ger
many ranked second, France third, am!
^■xieo fonrth in the purchases of thi»|
class of Iron and steel manufactures. Of
the nearly $6,000,000 worth of sewing ma
chines sent out of the country lu the nine
months under consideration, more than $1.-
M0.0V) worth went to the United Kingdom.
$7T»').ftK) worth to Germany, over $509.00)
w..rth to Mexico, and nearly $500,000 worth
to Australia. Of the more than $6,000,090
worth of electrical machinery exported
Canada was the largest purchaser, the ex
ports thereto during the period under con-
sM.ration having amounted to $1,500,009.
while those to Mexico, Japan and the United
Kingdom, the next largest purchasers, were
valued at uearly $1,009,000 each. Builders’
hardware valued at $11,090,000 was exported
In the nine months euded with last March.
RICE FIELDS aTO BE WATERED
BY HUGE PUMPING ENGINES.
The New York Commercial: Two of the
must modern pumping engines, having a ci»-
parity greater thun any pumping units ever
installed In the rlc# fields of southwestern
lexns for Irrigation service, have been
built In Milwaukee, and shinped to the
Prespa Inclous Itlce and Irrigation Company,
lexns. for Installation In the Matagorda
rice fields.
Karh unit consists of ft horlxnntnt shaft,
rtuu..le suction centrifugal pump, directly
connected to a cross compound Corliss en-
Pine. These units have no fly wheels, the
pump impellers supplying tno necessary
fly-wheel effect. The pumps have a 36-Inch
discharge tiossle, and each unit has a on-
pu< ty of 25,000 gallons of waters minute,
equivalent to 51)7500,000 gallons of water
eavh twenty-fnnr hours. The double suc
tion. horlsontal shaft design of pump allows
fie water to enter the pump from both
•ddea, thereby eliminating thrust nnd dan
ker of serious delay In operation. The
pump casings are ••snail shell" shaped,
heavily ribbed, substantial throughout, and
ary r;,Mi Neparutely from the side ravers.
" hen In service on the rice Helds, these
engines will lie used to pump aliout ouo
tm-h of water over the surface of the entire
h«id under cultivation after the new rice
n-oj, has grown to be 1 to** inches high.
Th«n this height of water Is gradually
raised ns the rice grows, nntll there are
3 or 4 inches of water orer the field. The
water Is allowed to remain At this level un
til the rhe heads op. When the time ar-
rbis for harvesting, the water Is drawn
“n and the fields allowed to dry for two
* The crop Is then harvested by
harvested on
threshed by machinery.
western prairies, and
7HE WEEK REVIEWED.
By JOSEPH B. LIVELY.
aided him to raise a moderate™^eSSTth? planter, In thnt It would have en-
■nd heavy niIn* ft .S2R.5? 1 ? ^S otton that the previous frosts
^ rains, it was an admitted fact, however, that nerfeet rmwinr wn-»th.»r
flcientlvTarge D to r ineet *thp*w*rM ,W0U * d It possible -to barely produce a crop suf-
opinion In ^ consumptive requirements. So general was the
speculative circle* that prices were vigorously attacked bv the bears
S 41 **;Jay..Mny M. but the decline was iw™
e rft!°£ e °P •trong support by the bulls. Liverpool was closed Friday and
LJvernooi w »“ "‘fcHJiWMtSJ’ In the
\mrSS£ y 11 ,h,r brenk ' New ' ork responded ami closed unchanged
2®Sj d ¥ , J , Sf #k - Liverpool opened couriderablv lower than
' ! d „J ; i a b L N w , Y ?, rk ' J J h ? m ? rket opened 3 to 5 polntn lower In re-'
b ' l , t ““ an mernmulnllou of buy n* order* price* advanced *ome 5 to 8
", aw .£^!P month,, nfter which the market qulete.1 down, the trade
•f publication of the government weekly weather report
u»». n u? n J r r,,s l>e bullish. It was considered only partly bull-
JfA* i n »* f r» K ,tate *; R atated. plensant weather prevailed. The professional element
put a Imarlah construction on It and sold October ami December freely, aud
BuSkS 0 !# IS 1 *? 1 i 4 to 16 P°J nta lK ‘ ,ow i ho Mgh point of the morning. Con-
S25!»Ji«-!rtiS5? to * JGtfK. r * corw * a on private advices of tnrtlior rains lu
Texas, Indian Thrltory and Oklahoma over night, and much lower tehipornture*.
wo « thw ’ ‘hanged the terap«*r of the trade Wed-
52E?LJ w i«°!l w i th fl i ,er,,ae - which was Ignored by New York, doe to
**71? demand on the fear of continue*! rains anil proei>ects of even worse
Snntte .wL* , l rlvatP ndrices wi'fc received, atmliie thnt even the third
K® 1 “*{** Vul 8 I „ not , Jmprovement ami that conditions continue deplorable. At
the close Wednesday the tone was firm, with prices 24 to 38 points higher.
n« J ^ os Thursday on acronnt of KedemI DecomUon
tl £5W. , S* r W >n, l * ew ^blcnns were open for bualneas. They were
wild from start to finish. UverpOol was again the leader, coining decidedly better
IS^AijjSW to 19H po,n,s h,Kher ' KlM>t pr,ct ‘" wpre a<| -
New Orleans followed the Liverpool strength and advanced In a sensational man-
ft* it. "•P*. t . hor 'T‘‘ ro '> w 'ide«lly the worst yet received, depicting conditions
In the fields ns distressing almost beyond liellef. As a result, price* advanced by
leap* nml bound*, despite heavy liquidation nnd profit taking. There was a recea-
sion of some 15 points from the high polnu, but the close was steady 19 to 30
points higher ns com|»nred with Wednesday's flmtls.
The New York maricet opened on Friday, aud price* were about ns expected,
•nit a! trades Mng at figures 15 to 33 points over the finals of Wednesday. It was n
I tolling market nil day. and high records for the movement were made, the close lio-
lng steady. 28 to 34 points higher than Wednesday's close.
In New Orleans futures advanced to new high figure* during the afternoon. The
advance this time originated In New York, where certain interests came together
to force the Price crowd, which Is supposed to lie short <tf the market, to raver.
From 12.30 nromul the noon hour October advanced to 12.48 inside of twenty min
utes ami fell bock to 12.36 Iwfore 2 p. m. Rneh erratic fluctuations ns we have seen,
particularly If they are the result of pernonnl feeling rather than part of the so
lution of n common problem, usually marks the end of u period of im|»ortnnt and
necessary change In the price level. There may !n» more convulsions on or before
bureau day. or fanatical Inlying on the Impulse of the moment. Weather news from
the West Is much better, but rain reports continue to arrive from the Last.
11. A Ii. Iteer. of New Orleans. In a recent circular, says: "Mills are heavily
under contract far Into 1908. Stocks of cotton goods In t'hlna are reported to he de
creasing. • Manchuria has been thrown open to the trade of the world, nnd If do
mestic trade In the United States. In Kngtnnd nnd on the continent of Europe lie
ns good the coming season ns It I* this season, there is no telling what will la» the
wnnts of the world the coming year. If Chinn Im» In the market, which was not the
case this year. Therefore, the lateness, condition nnd acreage of this year’s crop
are the all-important features to be considered, since they will be so influential lu
shaping the course of n market that Is flanked on one side by unprecedented trade
conditions, present and prospective, nnd by a crop, the promise of which lacks the
assurance of a moderate yield, much less a large crop of at least 13.000.030 bales to
meet spinners’ requirements for next season. A late erop. such as this year’s, has
tieen. ns a rule, n small crop, frost usually overtaking it before its maturity. Cot
ton goods are one-half cent higher per yard than In 1901. when cotton was 490 points
higher than It Is today. In event of a small crop, or nil average crop, much ex-
cltemeut will be experienced.”
NEW YORK.
NEW ORLEAN8.
&
jj
*;
5
|
S£
6 s
j High.
i
Si?
6*
May Ill.40lin.P0l Nom’l!1f).!)7 98 | May 112.45! 11.SSI12.4& 112.05
July lll.66l10.90lll.56-57nn.9S I July '12.«il12.fi9|11784»jl2.&24
October 112.03111.14’11.87-89111.27 |i October In.48111.60il2.38-39IU.77
December I12.11I11.25I11.96-97111.26-37 ll December 112.44111.67112.34-35111.74 75
January ...i 112.2UH.33112.06-07111,47-49 |j January 112.47111.59| 12.37-38111.77-78
May 24.
6.96
12.35
New
New Orleans
Sbvannah Uti
Augusta 12%
NOTES FROM MANY LANDS.
Lord Cromor *tntp* that Kgjrptinnx lmvo n
prop-unity for hoarding gold. A notlvr
who re—ntly dl-d l-ft DM,000 In gold »tor«l
In Ida hotiae, anil many of th-ni poMnaed
of wealth will borrow money at Inter-nt to
eon—al the fact. lairge quantltlea of gold
coin arc annually nielleil Id Egypt and con.
verted Into ornament*,
Con«ul General J. V. Bray, of Mellnnrne,
suppllea Infonnatlon eoncernlng the Auatra
linn nietho<l of nnaeiaing property fur iiinul
elptil taxation which van lie eonaulted at
the bureau of manufacture*.
The export of t'anadlan npplea la growing
under the favorable condition* that cxiitt for
cold ntornge on ocean atoamera, etc. A re-
rent conalgtiment of Italdwina, lutekeil In
hoxca of 12 each, brought lu 1-ec.lK, Eng
land. *I.D to D.50 per box.
The export of Ilrltlah automobile* nnd Id
cycles anil part, haa greatly Increased. Ho
fnr thl* year’a value of exporta aggregate*
about (1.600,000 tltirlttg the flrat thr—
month*, nearly double the value in the
like period of 1906. ....
The export* of oplrnn from India into
Chinn In 1996-1906 amounted to 62.938 cheat*,
valued nt *31,572.555. a* agnluat 66.861 ebc*t».
worth *35,m.l8ti In 1906-1900. The export
doty per cheat la *106.66.
t’onaul It. H. Greene writ— from VlndL
roatok that the demand la iniall for Engltah
typewriter* In that Hiberlan port. Inn Unit
n good ante might tie built tip In Itrut cluu*
machine* supplied with Ituaalun type.
Consul W. II. Gale, of Puerto Plata, ml-
vlaea that the Cuban Eaatern ltatlway t out-
nanr eoutemplates extending ttie Itineniry
of the steamship inert so n* to luelnde
port* in Hanto Dotnlngo, Porto III— nnd
'find Cromer In hla report to the Britlah
government for 1*06 eatlroate* that Egypt a
cotton yield In ten or lift—ti venrii \vU be
10.000,009 eantar* (c*ntar la poand*).
The erop of today is auont 6,760.000 cantor*.
The value of the maple sugar output of
Canada la placed at *1*0.000. which la ante
nosed to represent three-sevenths of the
Cuban of the world. The adulteration of
food, art haa measurably pot a mop to thi
mixing of cane or beet sugar with maple,
an such mixture mu*t be marked adulter
•‘commerrlaT'trmveTrr* In India nre pj’rtnlt-
ted to ply their vocation without having to
take out licenses, hut .“ELi 1 *
■llnweil to enter certain *tates without o
Sass, which they have do trowbte in sceur
Pf- The railways make tio mtirfsAoos as
to*f*-Ta3 mtly a faw of the lines make
-one-salon* «» to mT’^rdman
road* carry h*gg*»» »t 1
rate for overweight at the owner'* rl*X.
In most native stale* a duty la levied on
the value of good* *oftl.
Consnl II. L. Hpahr, of Hreslan* In answer
to a number of inquiries from Amerlrnn*
who are di-slrnua of obtaining text books
on the use of Esperanto a* s buxines* lan
guage advise* those Interested to write for
a sample ropy of The Americau Esperanto
Journal, Iloulevard station. Boston, or to
I/Anwrlkm Kupemnto. Oklahoma City, Ok la.
According to n statement issued by the
London tmard of trade, the United Kingdom
during March -showed increases of $22,385,509
in Import* and $15,359,500 In exports. In the
Imports the Increases Included raw mate
rials. of which $12,500,000 was cotton from
the United Btutes. nnd In exports the ln<
creases were In manufactured goods, prin
cipally Iron nnd steel.
Reported siireesaful experiments have
t*een conducted in a Yorkshire mine with
mine hnd l»een provided with the condi
tions existing after an explosion. Four tnen
were equipped with the contrivances and re
mained In the place several hours engaged
In such work as would be necessary after
an explosion. It is believed thnt these
devices would enable a corps of trained
men to enter a mine filled with foul nlr
to restore the ventilation and to*save many
lives.
DIVIDEND AND INTEREST
DISBURSEMENTS FOR JUNE.
SHORT CROP PREDICTED
BY JOURNAL OF FINANCE.
The Journal of Finance last week can*
vaased the leadlug bunkers of the cotton
growlug states by telegraph In regard to
the condition of tho. cotton crop. The re-
pile# thnt it has received Indicates that
the raid, backward spring haa caused the
outlook for cotton to be worse now than
for the corresponding time any year with
in the remembrance of the present genera
tion of planter*. In the Western part of
the cotton belt the crop now promises little
more than half of the yield of Inst year,
while In the eastern part the outlook Is nt
least 15 per rant less favorable than last
t ear. The South last year raised 10,765.000
ales of cotton. The cron this year, unless
there is a very decided Improvement from
now jon, will probably not lie more tliuu
. Conditions_ are probably
There will l»e disbursed In the month of
June over $70,000,000 in Interest nnd divi
dends by the prlueipnl corporations. Up to
date seventy-one companies have declared
dividends which amount to $21,953,829. and
249 companies will pay out In iutcrest $33.-
994.993. making a total disbursement of $65,-
948.822. The following gives a short smn-
mt,r5 ’ Dividends.
11 strain railroads $ 6.2*4.275
18 public service corporations .... 5.40*504
42 Miscellaneous 20,206,060
..$31*163*1129
Interest.
. .$24,680,887
.. 4.119.974
.. 6.194*132
128 stram railroads
22 miscellaneous corpora lions .
19 public service cori*orulions
H Total
Total of 320 corporations. Interest
sod dividends #5JM8,822
6,000,000 bales.
worse than In 1895, wheu 7.157,010 baYi
raised, than in 1892. when the production
was 6.717,000 hales, or than In 1886, when
only 6,513,000 hales were.raised. It Is to lie
remembered, however, thnt few plants show
better recuperative powers tbsu the ration
plant under Improving conditions. If the
clouds which now overhung the Southern
skies will give way to good warm sunshine
from now on. great Improvement would lie
poHflblc In the condition of cotton. The
nig damage so far has bran due almost en
tirely to the cold damp weather which has
made the plant look grassy and choked It
with weeds. In Texas aud I*oulslnna boll
weevils are present III enormous numbers
nnd will do much damage to the cro|>- of
those two states, as soou us the plant has
developed sufficiently to afford good diet
for the insect.
The serious shortage In the cotton crop
which Is now threatened would menu an
enormous financial loss to the United Htates
except for the fortunate fact that the
Houtliern states enjoy a practical monopoly
in cotton raising. There are very few
sections of the world outside of our
Houtliern states which produce enough cot
ton to cut any figure at all In the world’s
Available supplies. The consumption of cot
ton throughout the world has a tendency to
Increase and is only limited by the actual
amount that can be raised In our Houthern
states. The cotton planter In this respect
Is lu a much more commanding position
than Is the wheat raiser who has to com
pete with farmer* In Russia. India and Ar
gentina. which ordinarily grow enormous
crops of wheat that are handled by mu«*li
cheaper labor than can tie obtained In the
United States.
It is to bo reasonably expected that the
price of cotton will show advances which
will perhaps more than compensate the
planters for the big shortage. At pretent
the world’s total visible supply of cotton
nmounts to aliout 4.500,000 bales, ns com
pared with 3.971.000 Itules a year ago this
time. It may. therefore, tic some months
before the price can show sufficient ad
vance to properly reflect the big protmhle
shortage in this year** erop. It will prob-
pny spinners to lay in large stocks
. •otfon while It can still lu* tonight nt
reasonably cheap prices. Later on. when
the world’s visible supply is found to h«
very Insufficiently replenished by the new
crop, consumers may Ik* required to pn.v
prices which may seem extraordinarily high
in comparison with previous years. Tho
Houtliern planter, on tho other hand, no
doubt, will show wisdom In holding his
present stocks of ration. Hie South nt
present Is In an extremely prosperous con
dition owing to fairly good crops nnd rea
sonably high prices for years buck, ho that
even If net flnunclnl retnrns from tills
rear’s crop prove unsatisfactory, yet the
South ought to !k» able to stand such loss
without any serious Impairment of Its pros
perity.
NEW PRESS FOR CRUSHING
COTTON SEED AND LINSEED.
A new press for crushing cotton seed,
linseed, corn oil, brewers’ grninH nnd oUur
materials has In'cn demonstrated nt Spring-
field. Mass., daring the past several mouths.
Inventors have been working for some time
to perfect this new press, and they an
nounce thnt the results of the experiments
have been entirely snfsifactory. The ma
chine is to be market (Hi and offered ns
dispensing with lnl>or nnd press cloth and
extracting more oil or liquids than hydrau
lic pressure.
The principle of the continuous exlraet-
Ing press Is n steel screw, increasing grad
ually in diameter toward the exit end.
This Is Inclosed by n solid cylinder perfo
rated with strainers, through which the oil
nnd liquids exude, and which restrain ttie
solid materials that are finally forced In a
solid mass through the exit end. The press
dlsranses entirely with the expensive cam-
el's hair press cloth now needed for the
hydraulic press system. The latter *Y*tcm
Is the only one now occupying the field,
nnd hns tiran In existence for the past
forty years. _ , _
The new machine extracts from 3 to 5
gallons more cotton seed oil to the ton of
cleaned material than does the hydraulic
press. Its capacity Is 50 tons of cotton
seed each twenty-four hoars, three times
the capacity of the standard hydraulic
press. The machine Is also adaptable for
tankage, stenrlnes. brewers' iralu# and for
the fish oil Industry.
A Bet.
It was In a country tavern, where a
newly arrived commercial traveler was
holding forth. ,,
•Til bet my ease of samples, he said,
••that I’ve got the hardest name of anybody
In this room." , t . , ....
An old former In the background shift
ed his feet to a warmer part of the stove.
••v*' will, will joy Ita drawlfit. "Wa nt.
I’ll Ultra t» taka jo up. 1*111 bat 119 agnlnat
your samples thnt my name 11 neat your n.
“Dona." rriatl tha aalrwnan. ‘Tra g?t
tho linnloat nnmo In tho country. It I*
Btona.”
Tho ohl man wn* gumo
••Mine.” ho an lit. "I, HarOer/’-Ptillailot-
pbln I’utillisLolgrr.
Removing * Doubt.
"Do you think tluU an artor'a roapona*
tn r»rfaln rail* dn*tn>y* the artistic Illu
sion?'* _ .
**No,” answered Mr. Sformlngton Barnes,
"•nmetlma* It enhance* tbo cBoet. Tbo pon-
trnst coin'liico* tha audience that he was
rarity acting."—Washington HUr.
A Correct Answer.
Ilia majesty's Inspector was examining a
class «f liny* on the subject of "111™*.
Having received rorrael answer*_tn the
questions rein ling to feathers. Mil, feet and
wings, he not the qosatlo*. "What la It a
Mnl ran do which I am unable to dor’
••Ely” wan the answer hr hoped to get.
For several momenta the lioya thought,
Imt gave no nn*wrr. At last one held up
* is baud.
••Well, my lad, what to Itr* ...
M I*«y «■ egg. sir,” said the boy.—Londo*
Bystander.