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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.