Newspaper Page Text
1909-1911 COTTON CHOP
WILL BE i SNOUT ONE
Spot Interests Lined Up on
Bear Side—Want
Cheap Cotton.
The Sew York Daily Trade Record la Its
%-teklv mramary of the cotton yarn market
publishes the following letter from Phila
delphia on the altuntiou in the yarn market,
the prospect* for the growing cotton crop
S nd explain* the action of the future* market
•ince the publication of the condition of the
crop on July 25, as given by the department
of agriculture on August 2:
Philadelphia, July 31.—During the last
week in July spinners commenced to with
draw from the market, chiming they could
not see cost of production in the prices pre-
tailing. It i* probable that they «Uo realized
the poor condition of the cotton crop.
the cotton market hah again declined,
pinners, with few exceptions, continue to
that they realize the seriousness of the cot
ton situation, and are. taking no chances un
less their sales are protected and showing
, reasonable profit.
FVa- Philadelphia
mi manufacturers appear to
appreciate today's situation. They apparent
Iv suspect any information, which in any
v,v points to higher prices, as emanating
from speculative interests. The general
opinion regarding the government report ia
that It has hen exaggerated by fictitious
Southern information. „ They are placing little
credit on the reports that yam stocks are
bcinr lowered, that steamers are bringing
fight shlometHa nnd that any spinner has
curtailed production. , ,
It Is true that they have received little en
couragement for believing In better prices,
from their selling agents, as their efforts to
obtain prices near the advance in yarns have
in most instances been fruitless.
If. however, 70 per cent of,the informa
tion received regarding conditions is correct,
there ^eetns little to base arguments for
lower prices in the near future.
Condition of Cotton Crop.
The government report of the condition of
? mtton rrop up to July 25 shows the low*
,S1 .nndition of record for that date,
favorable re-ort was not unexpected, as the
July new* from the cotton belt and a
"This will be the strongest rifle team
that has ever represented Georgia at a
national match." said Statistical Officer
Major Walter E. Coney, at the range
Friday morning.
“It not only figures up fully twenty
per cent stronger, theoretically, than
last year’s team, but I believe It is
practically even better than this figure
would Indicate.
“The aggregate score of the present
team, selected during our shoot this
week, shows a total of 5.530 points out
of a possible 6.750. The team of 1908.
over the same ranges, made an aggie
gate score of 4,088. a clean gain o
1.442 points for this team, or an in
crease of 33 per cent.- Taking into con
slderatlbn the fact that we are now
shooting the best ammunition ever fur
nlshed us. und that *B' targets (bull’s
eye) were used instead of silhouettes
on the skirmish run, 1 think we are
fully twenty per cent better than w
were last year. Our gain on the sklrm
Ish alone was more than 1.000 points,
but something like 40 per cent should
be deducted for using the *B’ targets.
An Enthusiastic Team.
Certainly it is an enthusiastic team
that uncased their brand new rifles at
the range Friday morning, preparatory
to “tuning ’em up" and learning them
before they leave for Camp Perry.
There Is ample evidence of a fine esprit
de corps and a notable air of confi
dence. "We’ll bring something back
with us, this trip.'' they say. "Some
thing” means anything from team and
individual medals to high standing
the list of 50-odd teams that shoot
fhA hip tnntnhmr
... of private report* published the previous
w»>fk hfid prewired the cotton public for ‘
verv low condition.
i wan the government report, private
idrires from the 8outh are to the effect that
condition* are now worse than when the d*tn
on which the government reoort wa* bated
tr.n gathered, a* in the intervening time the
has in the bad plaeea steadily deterior
With favorable weather* from now until
picking is completed, the report foreshadow*
of le*i than 12,000,000 bales, and
»hmild unfavorable weather continue for ten
or twelve day* more, it la considered doubt
ful if the yield will much exceed 11.000,000
he ten.
Since the publication of the government
port the quotation* on both spots and futures
astonishing to the general cotton pub
lic. who have been educated to believe that
weather and crop conditions are the controll
ing factor* in fixing price* on the exchanger
nid that after the advance* following the
Jutv condition report, a combination of snot
interest* was expected Jor the purpose of
deposing price*.
Craig & Jenk*. the former bull leader*, are
credited with having effected the combina
tion. and under their leadership, notwithstand
ing n continuation of unfavorable weather,
futures were forred down a rent and a quar
ter. and a generous cut waa made in the
nominal price of spots.
A New York broker, who is active in the
cotton market, said last Tuesday: “The gov
ernment report waa very bullish, and under
ordinary conditions 13 cents would have been
marked up for every opftm on the board 15
minutes after it was read. But spot inter
est* have no intention of paying the growers
12 ft nr 18 cent* for cotton."
• Wllllnm Craig, who la credited with be
ing tln» head of the Cralg-Weld outfit, bulled
cotton from 8.50 to 12.50. «n«! then thought It
time to call the turn. Spot tnen know that
conditions are bad. with hut alight chance*
of sufficient Improvement to mnke n falr-
slxe.l crop. With them It Is now only a
qnwtlnn ot getting their cotton aa cheap n*
possible by creating the Impression that
anything shore 12c ro^re tlmn discounts all
future deterioration. It la estimated that
•mi Monday t'ralg sold 101,000 bales of De-
••**mf*o- nnd January short. Possibly be has
lied the turn, but If conditions are unfa-
> he will probably have to give ur
of the money he made bulling cot
■ the puldlrnftort of the July condition
Eastern spinners have carefully
>«t weather conditions In the cotton
ind are fully nllve to the probable
shortage. An Eastern uianufnc-
the
hah
tier how favorable the weather
now until picking i* completed, every
produced will be Deeded und will be
• urn. There Is now a shortage of staple
•tton. and the shrewdest spinners are
rcletly trying to contract for a yean
ml m few are willing to buy aufflclent
eighteen month*.’’ —
There Is no question but that a crop of
than liftc. regardless of the fictitious
i established by the cotton, exchanges.
lie shrewdest students of the cotton gffmr
"ii are quite confident that the efforts of
spot Interest* to depress prices are
d to fall; that temporarily they may
"<pcf| snd their success will be bad for
he yarn buyer, as It will give him the Im-
re**lon thst If be waits long enough be
‘ ill bo able to cover bis needs at less than
rr *cnt prices.
Kpot interests are not the controlling fsc-
"f in fixing the price of cotton. Supply
"d demand dors play some part In It.
Is no question lint thst the supply
'fill bo short thin year. The movement of
••"tton during the foil months will fix the
H-i"* «»f cotton. If It he large then prices
'rill be low when compared with th* total
' rid. hut If It he small then prices will he
The movement during the fall does
f‘"t always depend on the size of the crop,
•ften the financial necessities of the
jiinwer force him to hnrry hla crop to mar-
when It Is small. The financial lustltu
tio-n of the South can control the sltuntlpn
If ihey will. On them depends whether the
^MHh Will benefit by an Increased value of
*-M.0O).000 for Its chief money crop. If they
**!v* the growers the needed financial assist-
unco to enable them to market their crop
* °wly, then the efforts of the bear* on the
Mton exchanges to depress the prices of
final cotton will he futile, nnd the yarn
buyer who accepts the price fluctuations
the exchange* ns a barometer of condl-
^ant work? !o n word in The Georgian.
SUPREME COURT OF GEORGIA.
I August 12. 1909.)
Judgments Affirmed.
Atlanta, Birmingham and Atlantic
Railway Company v», Smith, from
» * ”, »•»■••••
Tmuf. superior court, judge Freeman.
n..„e r Brandon. Hatton Lovejoy.
plaintiff In error; E. T. Moon, A.
H Thompson, contra.
Mpp.r vg Nipper, from Turner,
.lodge p ar k. j A . comer. Claude Pay-
ijh. f°r plaintiff In error: J. T. Hill,
*• R. Pei-rv .T U Pate cunlra
R. Perry. J. H. Pate, contra.
Judgment* Reversed.
■•reer et el. v«. Andrew, from Ben
'fill. Judge Whlpnle. Haygood &
li 1 '*. Crovatt A Whitfield, for plain.
, In error: L. Kennedy, contra,
['.lliott v». Hodgson & Jackson, from
1 link* Tiwfv. r>_. „.? rt tv llnav
htrke. Judge Brand. R. W. Milner.
Tuck. Alonso Field, for plaintiff
! rrr °r: Shackelford £ Shackelford,
"*»t work? Ic a word In Th# Georgian,
"■“nt work? Ip a word In Tbo GoorglaC
ItfPKEKB COURT OT GEORGIA.
August 12, 1000.
Judgment* Affirmed.
Hayardfrom Fulton superior
r It
1 r » — JUdgc Kill* ~ 'r.’ o7Uvdt, for plain
t«v in •‘rror. Anderson. Felder, Rountree c
n, Uon a, o. Coleman, eontrn.
trm 5*5°* 2* Tfttrfek et at: from Jack-
•""-J.dg. Brand. Sbaek.llord k Skaekal-
the big matches.
Many of the 'present team are old
hands, with experience In big shoots.
Captain Claude C. Smith has been on
the team at all the national matches,
from 1903 to 1908, Inclusive. Captain
Spratt has records for 1903-07 and
J908. J. W. Hudson was on the teams
of 1901-05 and 1908. Lieutenant Wright,
1904- 05 snd 1908. Captain Seamans,
1905- 06-07-08; Lieutenant Falllgnnt,
1906- 07-08; Lieutenant Kent, 1903-05
and 1908; Sergeant Alexander, 1907; T.
S. Clay, 1907-08; Lieutenant Rudlsall.
1908; Captain Wheeler. 1903-04-06 and
1909; S. P. Cronhelin, 1908; Captain
Dancy, 1907. The other members, Cor
poral Metcalf and Trumpeter Blossat,
are going to the great match for their
first time.
Old Shots Absent.
Two of the oldest and most expe
rlenced shots In Georgia will be absent
from the tenm this year, Captain J. C.
Postell. of the brigade staff, and Private
W. P. Burpltt, of the Fifth Infantry. It
Is worthy of note that these two vet
erans. heroes of the old matches back
In the early nineties and In all the na
tional matches from 1903 on. are the
only members who have brought back
Individual medals from the big shoots.
Private Burpltt, shooting under diffi
culties In the way of III health that
caused him to be carried twice from the
range, shot his way consistently to the
front rank of competitors and was easi
ly qualified for the team when he came
to the skirmish runs. On his first run
his rifle bolt "Jammed" at the eight
eenth shot, but he was still high enough
to qualify. On the second run the
treacherous bolt Jammed again, this
time on the ninth shot, and he was un
able to fire the remaining eleven, losing
his place on the team thru the mis
chance.
A resume of the competition shows
It to be the most successful ever held In
the state, agree the officers who con
ducted It.
"Special mention should be made of
the assistance rendered us by Colonel
VanOrsdnle and other officer# of the
Seventeenth Infantry," said Major Co
ney. "They took the utmost Interest In
our shoot and extended us help In every
way poaslble. The men detailed from
the regulars to ecore and handle the
targets were the flneet 1 have ever seen
for the duties."
Prizes Won.
The various prizes won during Jhe
state matches of 1909 are os follows:
Team Trophies—The Candler cup, 300
yards, rapid fire, won by the First In
fantry team: the Paxon cup. skirmish
run, won by the Second cavalry team;
the Anderson trophy. 200-600-1,000-
yard ranges, Fifth Infantry team.
Individual Prizes—Daniel medal, 300
yards, slow fire. Sergeant E. D. Alex
ander, First Infantry; Scott medal
skirmish run, Captain W. T. Spratt,
Jr., Fifth Infantry; Crankshaw medal,
state championship at all ranges. Cap
tain W. T. Spratt, Jr„ Fifth Infantry.
Captain Spratt’s score was 397, as
against last year's high score for the
same ranges of 333.
BANKRUPT SALE IN
MITCHELL STREET
Klins-Gershon Company's Stock Being
Sold at 33 1 -3c on Dollar.
The stock of the Kllne-Gershon Com
pany, 28 West Mitchell-st., Is being sold
Bt greatly reduced prices. A general
cut of 33 l-3c on the dollar Is being
observed. They carry a full line of dry
goods, millinery and ladles' ready-to-
wear goods.
Want a room? lc a word In The Georgian,
lord, John J. Strlrkltnd. C. b. Bryson, lor
plaintiff in error. M. D. Irwin, J. A. Meltal*
ley, contra.
derson Kletitor Comneny;
Judge rite. W. C. Martin, R. J. * J. Me-
Catnv, for plaintiff in error. C. D. k V. K.
MoCutchen, W. E. Minn, contra.
Central oI Georgia Rellwey Company ve.
Garland; from Clay—Judge Worrlll. Wil
liam D. Kiddno, E. A. Hiwkinl, for plaintiff
in error. Robert !,. Berner, contra.
Cos vs. Farmers' Mntuel Fire Insurance
from Clay—Judge Worrilt. Ben
Company: from Clsy—lodge Worrilt. Hen
M. Tumlpeeed, for plaintiff in error. Ramee
k fiurr, contra.
Hnwkina ve. (kite: from Clarke—Judge
Brand. Howell C. Erwin, Thome. ». Mali,
Henry C. Tuck, for plaintiff In error. John
C. llert, attorney general; Clifford Welker,
tollrltor general; rnntri.
Miller at nt. »e. Parker et it.froml Tift—
Judge Mitchell. J. B. Harrow, J. J. Murray,
for pjainliffi In error. Fulwood-A Murray.
MtV of gylveeter ve. Woolen, eollcltor
erel. et »l,: from Worth—Jadge Park. W.
Urubhe. Perry k Tipton, tor plaintiff In
error. W, K. Wooten,-aollrltor general. Mark
Tiaon, Claude Peyton, contra.
Hughes ve. Hufhev; from Decatur—Judge
Perk U. ti. Bower, for plaintiff In error.
B. G. Hartideld, eonlra. , „ .
Rowland et nl. ve. Commlaeionera of Roadi
and Revenue* of Johnson County: front John-
Swfcjudc. Rovrllngv. E. L- Btephena for
nlaintiff in error. William Fairelotn, A. l*.
H Bwki' 0 v"! r *BriffC«r«*» Shoe Company;
front Early—•Jnditi' Worrilj. W. V. Wearer,
flltssntr ft Psrk. for nlaintiff in error. How
ard ft Bowdrn, R. Trrry. rontra.
Judgment* Reversed. t
Bond vs. Sullivan; from Otith*m—Judge
Csnn Walter G. Chsriton. Adam* ft Adams,
for plaintiff in error.
Inttre. eontre.
Smith
COTTON IT STUNT
- SW LOWER
RANGE OF NEW YORK STOCKS AND COTTON MARKETS
IRV PRIVATE l.EAREP! WlftK.i
name of stock—
After the Call Prices Fur-| Amainluatod Copper.
1 Am. ice Securities. ..
Am. Sugar Koflucry. .
tlier Declined 7 to
13 Points.
Am. Hmeltlne. .......
Am. Locomotive
Am. Car Foundry
Am. Cotton Oil.
Ain. IVoolun
I Aunoondn -
! Atchison
New York, Aug. 13.—This morning the ball
movement was temporarily checked by easier [ jt n n f miJ_ R ? p S! fc ? r<in
cable, and rain. In Teat! Flr.t price, were I "u‘.TmlT p* !L hl0
4 to JJ points lower. After the call room , Cho*an£Sw?!fc*H»**,«.
traders, who bid up the list again yesterday, j cS”5P|3]ml if rt V h ’* ' ‘ * *
n-ram appeared as heavy buyers. October
seemed to be the point of chief support and * Coloreilo p‘n«i ‘ v‘ »
by 10:10 o'clock had rallied 7 points front | r'otoSrfo a.l’nthi.g^ 0, ‘ * *
the bottom with other months up about 4 to
5 points. The bears made an effort on the! DiaS** * * '
-•» to break prices on new* of rain, but, fffJIY.tf* *!X*f*' • • •
found feo many buyers that the attemnt was j »ecuHfIea
temporarily abandoned. Part of the early * ‘
demand wa* for foreign and Southern eeeount.
Trade advices from Germany were bullish and
some from Oklahoma noted considerable dam-
*f* from drouth.
Liverpool closed weak 1H to 3 points
lower.
At noon, under l>enr aggressiveness, prices
were gelling 6 to 15 point* under the pre
vious close. Reported rain In Texas wn»
used by the hear* to depress prices. The
bull clique apparently were giving the mar
ket little support.
At the close the market was ateady,
net 9 to 18 points below the final fig
ures of Thursday.
Weekly Interior movement:
1909. 1908.
.. 8.226 24.493
.. 18.698 27.426
.. 87,281 118,144
SPOT COTTON MARKET.
Atlanta, nominal; middling 12H.
Liverpool, steady: middling 6.72.
New Orleans, steady: middling 12 5-16.
Sew York, quiet; middling 12.80.
Savannah, quiet; middling
Mobile, nominal; middling 12*4.
.loiiilix ... f ,1.111IV e. I'll—
Norfolk, steady: middling 12Vi.
Galveston, quiet; middling 12V*.
Houston, quiet; middling 12‘i.
Memphis, quiet; mfddllrg 12^4.
Boston, quiet; middling 12.80.
Bsltimorp. nominal; mlddllug 12‘*.
Philadelphia, quiet: middling 18.01
PORT RECEIPTS.
Port receipts, .compared with same day
last year:
Sew Orleans. .
Galveston-. . . .
Mobile
Havnniinli. . . . ,
Charleston. . . .
Norfolk
Baltimore. . . .
New York. . . .
Newport News.
I 1909,
Various.
Toisir
87
1909.
—ear
INTERIOR RECEIPTS.
Interior receipts, comapred with same day
last rear:^
Houston. ......
Augusts •
Memphis
8t. Louis
Cincinnati
TVlal.'. ,
TSir
"iooiT
2.6M)
1.857
■mot
Broker Is “Seeing Things.”
New York. Aug. 18.—William Mitchell Is
quoted a* follows on the cotton situation:
“I am still a hear. Within 60 days I be
lieve January will he telling at 11 cents or
lower. Spinners will not buy freely nt
there prices, and the speculators will hare
to take care of the weight of the morement
If tbev want to sustain the market.
proved croj» reports are coming from Texas
because of the recent rains."
New York, Aug. U.—The market lost all
Its Improvement of yesterday during the
torenoon of today ou rather general resrll-
lug, with the bear* showing more activity
„od the bull faction less support against
this renewed aggressiveness. Further bene
ficial rains overnight at about fifteen points
lug frefln *4 to lft Inches, to
..onston's receipts of uew cot
ton today, equaling the largo receipts of
last rear, and the reactionary tendency Liv
erpool promptly displayed In following our
market, wna the principal cauae of this
slump. The decline extended to H point*
before It wna checked by renewed good
buying ami further bull support. The new
crop sold down to 12.03 to 12.06 from Octo
ber to next March deliveries ou this. Later
he market rallied about 8 points, but trad-
ng v^a* lighter and the market showed
former leading bulls than on yesterday. The
wAtern half of Texas, and throughout the
northern nud northeast portion, I* atlll suf
fering from the drought and excessive beat
conditions of the past five weeks, while
Oklahoma has hsd no rain In all that time
worthy of mention and the high tempera*
turns still prevailing-there are causing fur
ther deterioration.
This bad situation and outlook of the crop
of the western belt more than offsets the
Improvement whleli the crop has been mak
Wfint a room? 1c a word In The Georgian.
COTTON SEED OIL MARKET.
New York. Aug. 13.—Cafprnter, Baggnt ft
. o.: The cotton seed oil market continues
narrow, sensitive snd easily dominated by
strong powers that seem disposed to depress
aluea, we believe, hoping to buy contract*
^t lower prices. The price of oil continues
low compared with hog lord. We think the
statistical position I* extremely strong, ond
we look for much higher prices eventually,
even tho these values msy Ih» depressed
somewhat low
do. preferred. \ \ *.
General Electric . .
Great Wesrern
Great Northern r.fd. .
Great Northern Ore. .
Hock ntr Coal & i ron> .
flllnois Central
Interboro
_ d‘». preferred. . .
Iowa Central
Kansas City Southern .
Kansas ft Texaa. ...
. do. preferred
Louisville ft XaahrHl*. . .
Total sales.'1.205.500 slinr^*.
NAME OF STOCK-
51 issouri Pacific* . . "
New York Central. . .
Northwestern
National Lend. ....
Norfolk ft Western. ..
Northern Pacific. . , ./
Ontario ft Western. . .
Pennsylvania
raclfic Mall
People's Gas Co. . , .
Pressed Steel Car. . .
Heading. .......
Hock Island. .....
do. preferred. . . .
Republic Iron ft Steel,
do. preferred. , . .
Sloss-Sheflfleld
Southern Pacific . . .
Southern Railway. , .
do. preferred. . . .
Rt. Paul
Tennessee Topper. . .
Texas Pacific
Third Avenue
Union Pacific
United States Rubber.
Utnh Copper
United States Steel. .
do. preferred.
Vs.-Car. Chemical. . .
Western Union. ....
Wabash
do. preferred. . .a
Westlnghouoe Kleetrle.
Wisconsin Central. . .
Western Maryland. . .
Product.
STOCKS HUD SINKING
SPELL KT OUTSET
NEW YORK
Quotations in cotton futures:
Aug..
Nov..
Dee..
Jsn..
Feb.. .
March.
May..
2 \1S\
Closed .ateady.
112.23-25
12.18 12.17-1S
12.14 12.14-16
12.12-14
12.1212.13
12.18 12.12-18
12.18-14
12.14 12.13-14
12.21 |J 2.16-17
12.26-28
12.29-31
12.27-28
12.26-27
12.27-28
12.24- 25
12.25- 28
12.26- 27
LIVERPOOL.
Futures opened qtilli and steady ns fol
lows:
Opening Previous
Range. 2 P.M. Cloo#.,Close.
August 6.58 -6.59 6.6^ 6.52*4 6.54
Aug.-Sept.... 6.50 6.50ft 6.43^ ' ‘
Sept.-Oct.... 6.46 6.47 6.39’
Octe-Nov.... 6.42ft-6.45 6.46'
Nov.-DeC 6.43 -6.44 6.45’
Dec.-Jan 6.45 -6.44
Jap.-Feb.... 6.46 4.45ft 6.48
ttfg
6.39
6.39
6.39
6.39
6.88
6.38ft 6.41
6.41
March.April. 6.45ft 6.46
Aptii-May... 6.44 -6.43ft .... 6.38
May-June.... 6.44ft-6.44 6.45ft 6.38 «.*)'
Jttne-Jnly 6.37ft 6.40'
Closed weak.
NEW ORLEANS.
Qnotstlons In cotton futures?
Aug.. .
Kept.. .
Oct.. .
Nov.. .
Dec.. .
Jan... .
Fell.. .
Mnrch.
April. .
May.. .
.’ .mil
. .112.12
H
12.23 112.30
12.16 12.24
12.11-12112.21
12.11- 13112.20-22
12.08-09112.19-20
12.11- 12 12.22-23
12.15-17 12.20-22
12.55-28 12.37-38
12.28-30 12.37-39
12.31-83 12.43-45
NgWS AND GOSSIP
or TBS n*EE(7Y STAITJL
I From Hayward ft Clark.)
New York, Aug. 13.—J. 8. Bacbe ft Co.:
Liverpool was due 4fti|5 points higher.
Opened quiet ^1T higher on near and 4ft
higher on Into month*. At 12:15 p. tn..
steady, August net oft higher. July-August 4
1%
nt 6 points higher: middling 6.72^xnlex 4.000,
American 3,000, speculation nud i*x|»ort 300;
receipts 2.000. Amerlenn 200.
Estimated porta 800, agnlust 1,879 lust
week nnd 1.359 Inst .venr.
No feature to the news. Cables satisfac
tory. Some showers occurred last night
In central Texns. William Mitchell, in The
Hun. this morning, prediets 11c cotton. He
Is ludng made uncomfortable on short side,
however, by excellent Wall Street ami for
eign haying. Look' for Irregular market, 1
ith further successful efforts to run shorts
In.
Carpenter, Bnggot ft Co.: \ Little or no
cotton for sale. Things look very littlllsb.
One of the Isrgest cotton commission
houses In Memphis sold 650 bales uplands
yesterday at 13c basis middling. Less than
<50 bnles untold stm-k III Memphis.
Following ore 11 a. m. bids: August 12.22,
October 12.13. January 12.10.
New Orleans, Aug. 18.—Heyward ft Clarke:
Weather map ehowe much more favorable
conditions. General showers Jn central
nnd south Texas, some In north Texas,
good rains lower Arkansas, wltlLVery little
rain Rsstern stntea. '
TRADING IN WHEAT
AT STANDSTILL EARLY
Few Orders Were in Hand
For Either Long or
Short Account.
8T. LOUIS CASH QUOTATIONS.
Wheat—No. 2 red winter..
Corn—No. 2
Gate—No. 2
Chicago, Aua. 13.—-Everything teemed to
be at a standstill at the boerd of trade today.
THE WEATHER.
WEATHER FORECAST.
Washington, Aug. 13.—Weather conditions
and general forecast:
The weather remain* unsettled east of the
Missouri, and during the last 24 hours show
ers occurred In the upper Mississippi and
.Ohio valleys snd at scattered points in the
Recovered Later Under the
Leadership of Union
Pacific.
„ By T. C. 8HOTWELL.
New York, Aug. 13.—Friday, th
opened in Wsll Street ,„ U1
in the leading stocks. The rimt few m
utes of trading w«» irregular. Leading t>r<
to break the market and Wall Htr
Lilliputians added their tiny blows to the i
siaught. After a few minutes of
, After l
the Mw York people took hold of the
tion and hoistod Union Pacific to 210ft, the
higheat price in the history of the company.
rru advance of 2 points over the
•“*—“■*—ad stock
This.
figure of the day. Tha'preferred »to
"reunion Pacific rose to a record price
New York Central, which will soo
member .of the Union Pacific family, v
to the record figure of 144.
National Lead advanced also to
record price, selling at 03ft.
... I lie uuuuri HU9I rauic ramnuilix
Into the front line and created crest ex
citement with an advance of 3 points to u
record figure of 51ft.. This stock has
neglected for years and has been selling far
under ite true Value.
On the curb market Nevada Consolidated,
LsRoae and Ray Consolidated w^re the strong
features.
New York, Aug. 13.—The market was con
fronted with additional profit-taking at th*
opening, and likewise was under some bear
f treasure, which resulted in declines extend-
ng from small fraction* to a full poiift, the
latter in Great Northern Ore. Among the
firm features were Union Pacific preferred,
which improved moderately, ana Unlta4
Staten Steel common, which alao added s
■mall fraction to the previous dsy’a close.
Union Pacific common showed weakness and
8t. Paul also depressed a point at the open
ing. Pennsylvania railroad, however, was ex
ceptionally strong, gaining over a point. Fol
lowing the early weakness prices began to
hour In many cases, the Initial
riinee were recovered and prices rose *1
last night's figure*.
MONEY AND EXCHANGE.
ICafttcrp and southeastern states. Scattered
ahotpKfs were also reported from the North-
plains states, the Rocky mountain region
and eastern Texas.
The temperature continues moderate
throughout the Eastern states and the indi
cations are not favorable for warm weather
in this district during the next 30 hour*. Jn
ststea the temperature continues consU
above the normal.
The indications are that the weather •
"Dallas. Alva
i,if, i i»-iMiriir. .un
complete failure.
Untie* deteriorating. Clear ami hot nirnfii
Texn* crop nnsslng from critical to tllsa*
trous condition over it greater part of tht
state.’’
Want a room? lc n word In The Georgian.
TIPS PLASHED
rxou WALL-ST.
(From Hayward ft Clarke.)
New York, Aug. 13.—J. N. Bar he ft Co.:
So far as the Hsrrimans are concerned prowl
ing bears are excluded for nil time to come,
snd they will keep respectable distance from
the danger xone. Trunk lines promise well
todsy.
Carpenter, Baggnt ft Co.: There was
snd considerable large
market encountered it and behaved very well.
Th* undertone is strong, snd all conditions
.. advisable to
take profits on a part of present holdings
and take a chance of replacing them on a
recession. Understand Consolidated Gas is
going much higher.
Dow Jones Company: Americana in Lon
Orwnlnz.
Spot
August.. .. .. .. .. ••
September .. .* .. .. ..
October .. .. •» .. ••
November .. .t .. .. ..
Deecmlier ..
January
Mnrch
6.4M5A)
5.494IS.6?
5.4065.5')
6.40e5.49
6.4563.49
5.50S5.53
6.4405.#
5.46915.47
5.4065.42
5,4005,41
6.4406.49
6.8005.63
6.6606.73
5.464i6.60
6.42915.(7
5.6903.75
fiKlca 4,101 bnrrfU.
THE COTTER MARKET.
New York. Aug. 18.—Carpenter. Baggnt ft
. ii,: It will be the natural tendency under
present existing circumstance* to reduce
Csnn, Barrow ft Me-
... Hmiih: from Domle.—Jadz. Bd-
wirde. w. A. Jem«», for Pi* 1 " 1 '* J","!”'
Roberta ft Iluteheann, J. H- McLartv. contra.
Hall v*. State: from Gr*drr-Ju»W Park.
R. C. Hell. W. J. Willie, for plaintiff In error.
John C. Hart, attorney general; W. E. Woot*
. M»lleitor general, contra.
Battle, alias Bullard, v*. State, from
.Tone*—Judge Lewis. J. 8. Henderson. F.
Holmes Johnson, for plaintiff in "W. John
C Hart, attorney general; Joseph E. Pottle,
solicitor general, contra.
Want a bouae? Ic n word In Gvo.**tan.
such 4 narrow' market farther depression,
but wo think It will be only momentary
snd nround present vaute* we would fnvor
pure hit see.
*’offec quotations
tJ9
' 6A3U3AO
i 1.3MXV)
.. .. | 5JW.O
tut
. .
l ,irndj. flal,,
don steady at about parity. Pennsylvania
exceptionally strong. General market quiet
with some selling in the mining department.
Connecticut senate defers action on income
tax amendment. Brsditreet's commodity
f ries index number next to highest on record.
urkey end Greece rapidly drifting toward a
conflict. Chicago street railway employees
and officials reach amicable agreement. War
clouds in South. America disappearing. Vene-
xuela elects Gomes provisional president. Wu
Ting-fang recalled as Chinese minister to
United States. 8. M. Melton to hesd or-
gsnised Chicago Great Western. Lake Su
perior Corporation has no funds to meet in
come bond interest. Imaginative stories play
large part In the present market. Sheriff of
Allegheny county refutes to evict families of
strikers from Pressed Steel Car hoaoes. Re
organisation plan agreed to by »5 per cent
of the Cincinnati, Hamilton and Payton note-
holders. President Clowry, of Western Union,
says income receipts decidedly better than
for some time.
Wall Street Tuples: There are indications
that Southern Pacific will become prominent
In upward activity almost any time. The
advance in Union Pacific is’ not over yet, sl-
tho the stock is entitUd to rest for a while.
Higher prices are looked for in Pennsylvania.
The resumption of operations for higher prices
in New York Central Is said to be on again.
Important aonrcea are quite bullish on Read
ing. new high record* b#lnq looked for be
fore the stock suffers much reaction. The
Hill shares, Atchison, 8t. Paul, Illinois Cen
tral and Northwestern will be well bought on
anr slight *et-h*ck In their prices. The best
informed source* continue bullish on the
United State* Steel shares, notwithstanding
some bearish talk now heard on them. Amer
ican Smelting. Lead, Amalgamated and. Ana
conda are all reported in line for better
prices. The upward movement In Consult-
f rit while wheat and the other _
ust about where they closed yesterday.
Cables were unchanged and there were mighty
few orders in hand for either long or short
account.
Provisions made no progress in either di
rection in the first fifteen minutes of trading.
The tnakket opened at yesterday’s closing
prices.
Short* In wheat mode up the price
late, and cloning price* were 3-4^
1 l-2c above the resting npota or
Thursday. Corn waa- l-2^7-8c higher.
Oat* were up l-2(?(>-8c and provision*
were unsettled.
Want a house? 1<- n wool In Georgian.
CHICAGO GRAIN MARKET.
Ranges In Chicago grain:
Previous
Open. High. I^»w. Close. Clow.
Dec....
May....
UOItN-
Sept —
Dec....
May....
OATS—
Sept.,.. 37
MnyV... 39ft
PORK-
Hept... 20.43
Jan... 16.76
LARD-
Hept.. 11.35
Oct... 11.25
Jan... 9.99
RII18-
Hept... 10.95
98ft
96
99ft
n:>,
I
97ft
i«
sa
«
M!t
65ft
M
64ft
s*
i
87
87
»ft
m
89ft
20.50
».45
20.50
20.45
16.90
16.70
16.91
16.10
11.40
11.35
ii.
11.25
11.40
11.36
11.12ft
11.26
9.97ft 9.09 9.97ft 9.90
11.19
19.95
8.85
19.95 11.19 11.00
10.17ft 10.95 19.75
8.70 8.82ft 8.90
CHICAGO CLEARANCES.
Following shows the Chicago clearances
of whent, corn nnd oat*:
W4n*nt. none: flonr. 1.090 barrels; corn.
2.250 bushels; «mt». 850 bushel*. Wheat and
flour. (.000 bushels.
LIVERPOOL GRAIN MARKET.
Wheat opened unchatlfed nnd nt 1:30 p. m.
wns ftCft higher. Closed ’40ft higher.
Corn opened unchanged, and at 1:30 p. m.
wna higher. Closed ftffft lower.
dated Gas snd People's Gas is experted to
continue to higher level*. On eny slight re
action the purchase of the railway equipment
shares is recommended by several houses.
Bullish tips are circulating on almost every
peeislty of the list; but they are likely to
j* irregular until public participation in the
market become* greater. Market opinion* in
the press columns and lesding market litera
tures are -wore conservative then they have
been recently.
Want a houae? 1e n word In Georgian.
PRIMARY BIOVEMENT.
XVIIKAT-
| 1901. 1
Receipt*
Shipments
.. ..1 422.000 !
"fciTooo
150.000
CORN- 1 1
Receipt*
Shipments
. .191.000 1
.. ..L 847.000 j
324.000
25.000
GRAIN NOTES.
Chicago. Aug. II.—Bartlett, Patten ft Co.;
We see nothing but n scalping market in
Whent until the spring crop Iwgine to move.
Fair rains' reported past 24 tioura In corn
belt. Kee no reason for higher prices.
- Receipts offonts large, but demand also
good. Keo »l> reason
change In price*.
Pric* of hogs higher.
Min lien polls stock decreased 55,000 for the
week. V *
ns inrge. out uemniiu
reason for any particular
valley, i
Atlantic, south Atlantic and east gulf
states.
Forecast until 8 p. m. Saturday:
Virginia—Fsir tonight snd Saturday; light
easterly winds.
North Carolina, South Carolina, Georgia,
Eastern Florlds, Western Florida, Alabama
and Mississippi—Partly cloudy with local
showers tonight or Saturday; light variable
winds.
Western Louisiana—Fair, except in eastern
portion tonight and Saturday.
Eastern Texaa—Fair, except showers to
night and’8aturday In the Panhandle.
Wnnt work? Ic tt word In The Georgian!
COTTON REGION BULLETIN.
$nnons Of
ATLANTA
DISTRICT
7T
Atlanta, clear. . . . . .
xChattanooga, p. cloudy.
Coiutnbtia, clear
Gainesville, clear
Greenville, cloudy. , . .
Griffin, clear
x Macon, p. cloudy. ...
Montlcello, dear
Newnan, dear. -
Rome, dear. .....
Hnnrtanburg, riotidy.. . .
Tallapoosa, dear. ....
Toccon. elenr .
West Point, clour. . ■ .
x—t’or ycsterilay. xx—kor 24 hour* vudlug
Mix.
If/e.
8 a. to., 75th meridian time.
Atlanta. . . . .
Augustn. , . .
charleston. . . .
Houston. , . . .
Little Rock. . .
Memphis. . . .
Mobile
Montgomery.. .
New Dries n*. .
Oklahoma City.
Savannah. . . .
Vlckshurg. . . .
Wilmington. . .
DISTRICT AVERAGES.
■jsr
9
Remarks.
Light scattered showers occurred In nil
sections of the belt. Temperatures continue
Rection Director.
NAVAL STORES.
.. prominbut stock yards firm aaya the
run of hogs will In* light for some time to
«*ome. nnd can not see any easy money to
be made on the abort side of provisions.
Chlcngo intcr-Dccnn: This Is Friday, the
13th. Trailer* lust night were fearful some
thing would hnppen today, and most of them
were Inclined to predict lower prices, and
the moat Influential operators snld their In
terest In the market was light nnd they
were bu lled to be non-committal In their
opinions. The rank anil file were bearish,
admitting wheat and com nre a scalping
proposition.
Gossip among corn traders was Inclined
to lw» more bearish. A number of the sharp
est and moat Influential pit operators, who
hnvejieen bullish, said that thry saw noth
ing to Induce them to take the buying side
at present. It was said the ldg shorts have
reduced their mmmttmenr* and that they
preferred selling *«t bulges.
Data specialists were mixed In their opin
ion last night. There were many who snld
price* were high enough. Cash people ex
pressed the opinion that the decline has
put (he market on a healthy basis, and
there Is more dlsposltoin to buy.
CHICAGO CAR LOT3
Following are the receipt* for Friday and
estimated receipt* for Hatnrdqy:
i Friday. | 8aturdsy.
11.000 f 11.000
Savannah, Ga., Aug. 13.—Spirits firm at
50ft; tales, 160; receipts, 907.
Rosin, firm ^ Mjes, 2.580; tecelpti.^3,1^7;
Now York, Aug. 13.—Money on call
2 1-2; time loan* firm; 60 days 2 3-4^
3.1-4; 90 days 3 1-4(23 3-4; six month*
3 3-4#4. V
Pouted rates: Sterling exchange
$4.86 1-2G>4.88, with actual business In
bankers’ bills 84.8645(794.8650 for de
mand and $4.85 for 60 days bill*.
-Prime mercantile paper 4 l-4®4 3-4.
Commercial bar sliver 51 l-8c, an ad
vance of l-8c.
Mexican dollar*, 44c.
London, Auq, 13.—Bar silver steady
at 23 9-16d, an advance of l-16d.
MINING 8T00K8.
ferred, 53ft; Giroux, 10.
CLEARING HOUSE STATEMENT.
$1,062,928.00
(Darwin G. Jonei, 5lgr.)
Clearing*:
Monday
Tueodn.v
Wednesday 1.451.384.16
Thursday 1,000.184.27
Friday 1.011.856.13
Total, five day*..... .$3,451,1
Wnnt work? lc it won! In The Georgian.
LONDON STOCK MARKET.
Stock quotation*:
STOCKS—
Amalgamated Copper
Anaconda., .. ..
Atchison
do. preferred
Baltimore ami Ohio..
Canadian Pacific .. .
Ciicxnpenkc nnd Ohio
Brie.. ...PH ..
do, first preferred ..
do, second preferred
Great Western
lltluola Central
Knntiia am! Texns .» .. .
do, preferred .
Louisville nud Nashville..
New York Central., .. .,
Norfolk and Western.. .,
Northern Pacific,.
Ontario and We#tern ..
ennnylvanln
Rending .,
Rock Island
no, preferred
Southern Pacific .
Hr. Paul
Union Pacific.. ..
do. preferred..
Jolted State* Steel.,
do. preferred .. ..
Wabash ..
do. preferred .. .,
Want work? Ic a word In The Georgia
LOOAL STOCKS AND BONDS.
Did. Askci
Atlanta Coal ft Ie c Co 106
Atlanta Coal ft lev Co. pfd 99 1M
Atlanta Steel
Atlanta Steel pfd..
Atlanta Brewing ft Ice Co- 100
Atlanta ft West Point def
Atlanta 3fta, coupon
99ft
m
ft;::::
3ft*. roupon......i...... 93
Atlanta 4fta, 1922 coupon 104ft
Atlanta Gun Light Cs 102ft
Augusta Factory.. “
Central of Georgia 2d Income.. ...
’entral of Georgia 3d Income.. 78
'entral Bank ft Trust Corp#*.. 334
Dixie Cotton Mills
Fourth National Rank 206
Georgia Ktat* 4ft«, coupon 104
Georgia State 4ft*, registered.. 106
Georgia Ntate 3ft», coupon 90
Georgia Hallway ft Electric.... 92ft
water white, $6.2.>; window' glass, $5.tthfw
5.75: N, $5.40; M, *5.20fc5.35; K, f.5.006f
5.10: I. $4.35: H. $4.25: G, $3.05; F. $3.95;
E. $3.76; D. $3.40; C, B, A. $S.!5&3.20.
Want work? Ic a word In The Georgian.
Want work? Ic a word In The Georgian.
THE METAL MARKET.
New York, Aug. 18.—Extreme dullness pre
vailed at the metal exchange today. Copper
waa dull and slightly lower. No ealen were
reported. Tin was firmer, five tons of *pot
selling at 29.76; lead wu 5 |>olnta better.
Bpelter w*» heavy
Want * bouae? lc a word In Georgian.
MODERN MILLER CROP OUTLOOK.
Georgia It. It. ft Banking Co... __
Georglu Ball way ft Electric 5a. ...
Enterprise 51fg. Co., Augusta.. 82ft
NEW YORK PRODUCE MARKET.
New York, Aug. 13.—Minneapolis No. I
northern wheat 1.39^1.44. Wheat dull: No
2 red, 1.11ft f. o. b. Corn firm; No. l
mixed, 77ft In elevator* Oats firm; No. :
mixed, 4S In elevator. Rye dull: No. 2 wear,
em. 76 f. o. b. Bariev dull; new, 51
©55 c. |, f. New York. Flour dull: spring
Pork dull,
tvextern 11.80.
5 9-16.
Coffee Gull; No. 7 It to. 7ft.
Coffee dull; *>o. 7 uio. in,
Sugar dull; granulated 4.95.
Ohio Ik lug unfit for milling.
Is there anything you could
ma a Want Ad for today?
J
Both Phones 8000.
|L
- ' '
3