Newspaper Page Text
FACT W GOSSIP
IN MONET MOTS
Greatest Annual Business Fact
in the United States is the
Size of Crops.
Sy B. C. FORBES.
NEW York, Aug. B.—The follow
ing article, which can at least be de
scribed as timely, is part of a longer
one on ■’i'inance” in Hearst’s Maga
zine for Xugust. Those of us who
frequent the highways of finance be
•omf so accustomed to speaking of
millions and even billions that we are
apt to lose all sense of proportion. 1
have tried to convey some idea of
what the annual value of America s
crops really means, for merely to
mention billions creates only a vague,
bewildering feeling
What is the lodestar of American
’finance and business? Not politics. Im
portant though they are at such times as
these. Not a fall or a rise in the cost of
living, fundamental as that is. Not heavy
exports or light exports, dear monej or
cheap money, a gold inflow or a gold out
flow. an active iron marker or an in
active iron market, advancing security
prices or falling security prices, scarcity
or abundance of labor not. one of these.
* • *
"•he greatest annual business fact in
the 1 nited Stales is the size of our crops*.
"The farmer is more powerful than the
financier in making or marring prosperity.
1 speak of this now because investors
must be guided in their operations more
by what fakes place on the field than on
the stump, more by the weather than the
mouthings of politicians. Said a financier
an international banker of the first
order, a director in our principal railroad
systems, a power in the industrial world:
"Prosperity or depression does not
depend upon how ballots are cast on
November 5. Capital is prepared for
such legislative changes as are likely
to be introduced. Give us bounteous
harvests, and 1913 will be the best
year the country has ever known—
except that the railroads, in order to
participate, must be treated more
considerately in the matter of freight
rates."
¥ * *
"Booms in securities are not made on
the floor of the New York Stock Ex
change They are made on the country's
fields and in its factories and forests. No
one can hope to become—and continue —
a successful investor until he grasps the
overshadowing importance of watching
agricultural conditions. 1 have prepared
some contrasts and comparisons between
the annual value nf our farm products
and other big financial items with which
the public are more or less familiar.
Some interesting calculations, designed to
visualize the enormity of the sum. have
also been made.
• ♦ •
The total value of our farm products
this year, allowing for normal growth,
should approximate slo,ooo,ooo,ooo—ten
billion dollars, or ten thousand millions
• • .
“Ten billion dollars would cover the
whole of Manhattan Island with $2 bills
end leave a balance greater than Mr.
Rockefeller’s fortune. In acres, the area
covered by this carpet of money would
be 27.053. equal to a square block of land
measuring 58 miles each way.
« • *
“Ten billion dollars gold would take 30
trains, each of 20 cars loaded to the ex
tent of 60.000 pounds per car, to haul it
from one point to another.
len billion dollars in $5 gold pieces
laid alongside one another would stretch
round the world, with 1,923 miles to spare,
er the chain could go more than eight
times across the continent, from New
York to San Francisco—to be exact, its
length would be 26,830 miles.
"Ten billion dollars in $5 gold pieces
slacked one above the other would form
a monument 9.864 % miles high. Com
pared with this the Metropolitan tower,
the Singer building, the Woolworth build
ing and every other skyscraper in New
York placed on top of one another would
be a mere pinhead
Ten billion dollars would pay off the
nation s public debt and leave a balance
of almost $9,000,000,000.
"Ten billion dollars, if equally distrib
uted. would mean fully SIOO for every
man. woman and child in the United
States.
* * w
“Need more be said to emphasize how
, tremendously, how overwhelmingly im
portant the crops are to our national well
being" Therefore, if you would keep well
informed of how business is likely to fare,
of how stocks are likely to move, of how
financiers are likely to act, study the
government and other trustworthy reports
on agricultural conditions from week to
week and month to month.”
Connect Slaying
With N. Y. Gang
SAX FRANCISCO. Aug. B.—An un
identified man. well dressed, was mur
dered here this morning. The killing
was not committed with robbery as an
object. More than SIOO in gold and a
gold watch were found in the man's
pockets. According to the police, the
murdered man came to the city from
New Yoik only a week ago. Several of
the detectives are inclined to believe
that the murder has some bearing on
rhe Rosenthal murder in New York
city. Two shots wore fired by the as
sassin. who escaped. Both entered the
dead man's head.
The dead man was about 40 years of
age and w ore a fashionably cut brow si
suit
House Votes Funds
For Patent Probe
WASHINGTON. Aug. B—The house
today unanimously passed the urgent
deficiency appropriation bill carrying
a special amendment by which the
patent office may be investigated by the
economy and efficiency commission.
The bill appropriates $6,182,000, which
is about $5,000,000 less than the amount
asked by the government departments
for deficiencies occurring during the
pi..-..lit year.
DEATH LIST IN MINE
DISASTER MAY REACH
INTO THE HUNDREDS
j BERLIN. Aug B.—Fire damp explo
. sion which cost heavily in human life
1 occurred in a colliery near .Gerthe to
day while 650 miners were at work in
i the mine. Up to late this afternoon
131 miners had been accounted for. Os I
I this number 28 were dead and all the
| others injured. Os the injured 15 were
■ mortally hurt. Fears were expressed
[that the death list would go into the
' hundreds. Gerthe is near Dusseldorf.
DARROWSCDHES
ON COURT ROLE
Witness for Prosecution to
Impeach Job Harriman Is
Barred From Stand.
LOS ANGELES. Aug. 8.--Judge Geo.
H. Hutton ruled this morning that the
testimony of Rev. Edward A. Cantrell.
I the Socialist leader and lecturer, can
not be introduced by the prosecution in
the Darrow trial in impeachment of
Job Harriman. Socialist, and former
member of the McNamara defense. He
held that it was impeachment on a
matter collateral to the issue of the
guilt or innocence of Clarence Darrow
and hence not admissible. Cantrell was
ready to testify that Harriman told
him that morning after The Times ex
plosion that he had known for some
lime that preparations were being
made to blow up The Times building.
Earl Rogers, of Darrow's counsel,
■ after a consultation with his client,
said that out of'deference to Harriman.
Darrow would waive his rights and
withdraw the objection which had just
been sustained. Immediately the situ
ation was reversed, the prosecution in
sisting that since the court had held
the testimony of the witness was im
material they would not proceed with
him. District Attorney Fredericks
withdrew the question on which the
defense based its objection and there
being nothing before the court. Rev.
Dr. Cantrell was permitted to leave the
i stand.
U. S. to Inspect
Rockefeller Evidence
WASHINGTON, Aug. B.—The evi
dence unearthed by John D. Rockefel
ler Jr.'s "decoy” house against New
York police, politicians and white slav
ers is to be examined by the depart
ment of justice. Attorney General
Wickersham was given the facts in the
case today and, it is said, he will order
an immediate investigation to deter
mine if the law is being violated.
Speech Pleases
Marshall and Bryan
NIAX YORK, Aug. B.—Governor Thomas
R. Marshall, of Indiana, Democratic nomi
nee for the vice presidency, was a visitor
at National Democratic headquarters to
day. where he gave out the following
statement;
"I was greatly pleased with the recep
tion accorded Governor Wilson at Seagirt
yesterday, when he was formally notified
of his nomination, and I was pleased with
his thoughtful message on public affairs.
I know no reason why all those who de
sire the best things for the public should
not support Wilson. It seems to me he
stands for every good that can be accom
plished under our present system of gov
ernment.”
Governor Marshall will go to Maine dur
ing the last two weeks of this month and
make a number of campaign speeches
there.
The following telegram was received at
National Democratic headquarters from
William J. Bryan in Lincoln:
“Governor Wilson s speech of accep
tance is admirable. It is original in its
treatment of the issues of the campaign.
1 am sure the address impressed the
country favorably.”
AIR BATHS NEWEST
CURE FOR EVERY ILL
IN ENGLISH SOCIETY
LONDON, Aug. B.—The latest medical
craze is somewhat startling, but a cer
t tain set which Is always on the look
i out for variety has pounced upon it with
| avidity. It is the air bath, not the sun
bath, and simply consists of exposing the
body to the air for an hour each day.
This is supposed to have a wonderful ef
fect on the ports and to render the air
breather immur.o from chills.
The first to start the cure was Mrs.
Webley, a well known sportswoman and
daughter of Colonel MacDonald, who is
well known as tlie "champion diner-out."
Mrs. Webley sits in her boudoir for one
hour each day writing letters in a state
of nature. Mrs. Webley plays every
thing from polo to croquet.
She once convulsed the late king when
she came up to receive a prize an Ran
lagh, in connection with a gymkhana.
Mrs. Webley appeared before the king
very disheveled and heated, and in some
way her scanty riding Habit had become
hitched up and stuck out straight be
hind her like an exaggerated rudder. The
king turned away at the spectacle and
took no pains to conceal his mirth.
Lad.v Constance Stewart Richardson is
another air bather, and the duchess of
M estminster is also credited with being
an unostentatious devotee to the new
(lit.
CAR oTIER FATALLY
MANGLED AT WORK
IN RAILROAD YARDS
I E. L. Boyti. 26 > cars old, 84 South 8011-
I levard. a car oiler for the Georgia rail-
I road, died this afternoon at the Taber
nacle infirmary. He was run over and
his hip crushed early today while at his
work in the railroad yards.
Boyd's wife and son are visiting rela
tives near Knoxville. Tenn., and us the
dead man was the only one who knew
their address, ihe coroner has not been
able to notify them of the accident.
THE ATLANTA GEORGIAN AND NEWS, THURSDAY, AUGUST 8. 1912.
HEAVI SELLING
LOWERS COTTON
Prospect of Rain in Southern
Texas Precipitates Heavy
Selling, Causing Decline.
NEW YORK. Aug. 8. In line with firm
er cables and continental buying in addi- I
lion to complaints of excessive moisture j
in the eastern belt cotton opened firm and '
active today from 8 to 11 points higher. {
Mose of the early buying appeared to be
short covering and when the bulk of this
demand had been satisfied the market re
acted from 6 to 7 points from the early
high level.
In the late forenoon trading the mar
ket was under heavx selling pressure by
Europe, the South and the ring crowd. 1
and through this heavy liquidation the j
market was sold off from early prices on
prospects for rains to prevail in south
Texas 'luring the next twenty-four hours.
October dropped from 13.27 to 11,97. De
cember declined a like amount, with Jan
uary losing 24 points. The decline in
the most active positions ranged from 24
to 20 points below the opening. No one
seemed to want cutton and during the
afternoon session the bears firmly main
tained the low levels of the day.
At the close the market was steady
with prices showing a net decline of 15
to 19 points from the final quotations of
Wednesday.
Warehouse stocks in New York todav
98.942. certificated 90.414
RA NG?W YO-RK FUTURES.
11 itl a i liTTjIT
Aug. 11.90 11.90 1.1.84 11.84 11.81-83(11.97-98
Sept. 12.12 12.12 11.81 1 1.83 11.85-87'12.04-06
Get. 12.27J2.28 11.96 1 I .“9 11.99-12 12.16-18
™v 12.00-01 12.18-20
Dec. 12.32 12.33'12.00 1 2.04 12.04-05 12.23-24
Jan. 12.24 12.27 1 1.97 1 1.99111.98-12 12.16-17
Feb 12.05-08 12.22-24
Meh. 12.36 12.36 12.08 12.11112.10-11 12.26-27
May 12.43 12.45 12,13 12.23 12.18-20:12.33-34
Closed steady.
Liverpool cables were due 1 % to 2 points
lower: opened quiet at 1% to 2% points
advance. At 12:15 p. m. the market was
quiet but steady, net unchanged to %
point higher on old and 1% to 2 points
higher on new crops. ' Spot cotton quiet
and unchanged: middling, 7.09: sales,
7,000 sales: American. 6,000; imports.
3.000, all American. I.ater cables reported
an advance of 4% points from 12:15.
At the close the market was easy with
Irregularity in prices, near positions being
unchanged to 4 points lower and distant
positions were % off to % to 1 point
higher than the previous close.
RANGE IN LIVERPOOL FUTURES.
Futures opened steady.
Range. 2 P. M. Close. Prev.
Opening. Prev.
Aug. . . . 6.8914-6.87 6.89% 6.83 6.87
Aug.-Sept 6.8014-6.79 6.82 '6 76 6 78'1.
Sept.-Oct. 6.69 -6.67% 6.73 6.67 6.67*
Oct.-Nov. 6.62 -6.63 6.6714 6.61 6.61
Nov.-Dec. 6.58 -6.55'4 6.59'4 6.56 6.5514
Decl-Jan. 6.57 -6.56 6.61 6.5514 6.55
Jan.-Feb. 6.58 -6.5714 6.62 6.56 6.55
Feb.-Meh. 6.59 -6.57'4 6.62'4 6.5614 6.5'6
Meh.-Apr. 6.59 -6.5811 6.63 6.57% 6.57
Apr.-May 6.5914-6.58 6.64 6.58 * 6.57'4
May-June 6.61 -6.60 6.65 6.58 6.53%
June-July 6.5814 6.58
Closed easy.
HAYWARD & CLARK'S
DAILY COTTON LETTER
NEW ORLEANS, Aug. 8. — A sudden
very Important change occurred in weath
er prospects overnight. While yesterday
it looked like clearing -weather and rising
temperatures for the southern half of
Texas, a strong cool wave appeared on the
northwestern border of the state over
night, giving good prospects for rains
and cooler weather over Texas during the
next forty-eight hours. Oklahoma bad
some big rains; good rains also fell in
Arkansas, Louisiana. Mississippi. Ala
bama, Tennessee and Georgia, which were
needed, according to Tuesday's weekly
government report Cloudy, showery
weather is indicated for the entire belt,
except clearing tomorrow in northwest
Texas and Oklahoma.
official records show nine stations in
Texas wltn an average of .30 and nine sta
tions in Oklahoma with an average of .90.
Splendid rains throughout Tennessee.
Temperature averages for Texas 82. and
for Oklahoma 86. Liverpool came in about
8 points better than due on futures, but
spots were unchanged. A cotton buyer
just back from a trip to south Texas
says that in several localities there is a
decided scarcity of labor for picking. Gen
eral rains now would help the crop grow
greatly, but would retard picking and low
er the grade. Notwithstanding Liverpool,
our market opened only- 2 points higher,
remained in a dull waiting attitude for a
half hour, and then collapsed on the first
sign of support being suspended In New
York. October selling from 12.33 to 12.08
in the second hour.
RANGE IN NEW ORLEANS FUTURES.
i u ►<w ® I 5 I *
E 5 [is t U
Aug. 1:1.421.2.4212.[3’12.1’3'12.13 '1.2 33
Sept 12.11 '12.37 -
"et. 12.33 12.34 12.03 12.03 12.02-03 13.30-31
Nov. 12.02-04 12.30-32
Dec. 12.34 '2.35112.04 1.2.06 12.05-06 12.32-33
■ lan. (12.37(12.38'12.09:12.09 12.09-10 12.34-35
Feb 12.11-13 12.36-38
Meh. 11.2.45:12.47U‘2.18 12.22:12.21-22(12.44-45
April 12.22-24:12.46-48
May 12.35 12.35_12. 28 12.28|12.80-32|12.54-56
Closed barely steady.
SPOT COTTON MARKET
Atlanta, nominal; middling 12%.
New Orleans, steady: middling 12%.
New York, quiet: middling 12.50.
Boston, quiet; middling 12.50.
Philadelphia, quiet: middling 12.75.
Liverpool, easier: middling 7.09 d.
Savannah, quiet; middling 12'4.
Augusta, quiet: middling 1314.
Mobile, steady.
Galveston, steady; middling 13c
Norfolk, quiet: middling 13'4.
Wilmington, nominal.
Little Rock, quiet; middling 12%
Charleston, nominal.
Baltimore, nominal; middling 13c.
Memphis, quiet; middling 13c.
St. Louis, quiet; middling 13c.
Houston, steady; middling 12 15-16.
PORT RECEIPTS.
The following table shows receipts at
the ports today, compared with the same
day last year:
1 1912- I 191L ~
New Orleans. . . .1 88 I 87
Galveston ' 435 2,177
Savannah 210 458
Charleston 54 13
Norfolk ( 84 i 140
Total .' ’B7l 1 ” 2.875
INTERIOR MOVEMENT.
I 1912 1 IftlL
Houston 841 I 47998
Augusta 11l 8
Memphis 99 1 10
St. Louis 109 lift
Cincinnati .... 63
Total ' 2,223 ~~~5,135~
BAPTIST MINISTER DIES.
DALLAS. GA.. Aug. B.—Rev. J. H.
Williams, one of the oldest citizens of
Dallas, died here lust night from heart
failure following a stroke of paralysis.
Fof many years he was worshipful mas
ter of tlie Dallas Masonic lodge and was
buried with Masonic honors by his
lodge at 3 o’clock this afternoon.
He was a minister of the Baptist
church since early manhood, having
served many churches in various parts
of the state.
NEWS AND GOSSIP
Os the Fleecy Staple
NEW YORK. Aug. B.—Carpenter, Bag- I
go* & Co.: A heavy selling wave pre
vailed over the market today on pros- !
pects for rains in south Texas during the '
next twenty-four hours.
Gifford. Mitchell, E. K. Cone the best i
buyers during the early trading.
Spot houses during the forepari of the (
week dumped loads of cotton on the mar
ket. It is believed they are considerably
oversupplied.
Texas a few days ago longed for rains;
now rains are so excessive that the cry
is “Too muchi"
The Journal of Commerce says commis
sion houses are buyers of the winter
months.
Following are 11 a. m. bids: August |
12.04, October 12.13, December 12.18, Jan- ;
uary 12.1.:
NEW GRLEANS, Aug. 8. Hayward ,<■
Clark: Complete and very important |
change in weather prospects overnight.
While yesterday It looked like clearing and
hot for south Texas, the map today shows
every prospect for general rains coming
on central and south Texas; also cooler
Early weather news shows further
good rains in central and north Texas;
also in Oklahoma. Arkansas and Geor
gia. where government said rain was
needed.
The New Orleans Tlmes-Democrat's
summary says: “There are now two dis
tinct reactionary clans. Bears believe the
hedge selling on the eve of the market
ing season will wipe out another hun
dred points or so of the sweeping price
gains of the late wdnler, the spring and
the early' summer, and support their opin
ions by the assertion that there being
no sale for much of the early cotton in
Texas, the contract market supplies the
only outlet, on the other hand, bulls
contend that forward sellers are really do
ing a good business; that the demand for
export freight room is much better than
generally' admitted and that the new busi
ness already' done for fall delivery, plus
the outstanding old contracts which must
be filled, aggregates about enough to take
care of all the cotton likely to become
available prior to January Rain enough
has fallen in the northern half of Texas,
but there seems to be an important area
in the southern half that has not as yet
been sufficiently relieved, with less pros
pect of rain there than has been. Mean
while, Liverpool Is inclined to think tem
porary rallies only are in prospect. The
South, however, has just about finished
marketing a 16,000.000-bale crop at prices
ranging 3c to 4c higher than the talent
believed possible, and it may prove that
the producing South is in a stronger po
sition than the consumer and the short
seller realize."
Estimated receipts Friday:
1912. 1911.
New’ Orleans 100 to 150 756
THE WEATHER
CONDITIONS.
WASHINGTON, Aug. 8. —The indica
tions are that the Western disturbances 1
will advance eastward, and be attended
by unsettled weather and general rain
over practically all districts east of the
Mississippi river during the next thirty
six hours. Temperatures will not change 1
materially over the eastern half of the ,
country until Friday.
GENERAL FORECAST
Following is the forecast until 7 p. m.
Friday:
Georgia—Local thunderstorms tonight
or Friday.
Virginia—Showers tonight and Friday.
North Carolina and South Carolina
Showers tonight and Friday.
Alabama and Mississippi—Local thun
dershowers tonight or Friday.
Florida Showers tonight or Friday,
except probably fair in southern portion.
Louisiana—Unsettled and showers; light
southerly winds cn the coast.
Arkansas —Unsettled, with showers.
East Texas —Unsettled, with showers in
the north.
West Texas—’Unsettled, with showers in
the north.
DAILY WEATHEK REPORT.
ATLANTA, GA., Thursday, Aug B.
Lowest temperature ' 67
Highest temperature 76
Mean temperature 72
Normal temperature 77
Rainfall in past 24 hours, inches 0.70
Deficiency since Ist of month, inches. 0.65
Excess since January Ist, inches 15.88
REPORTS FROM VAR IO US STAT IO NS.
I ITemperaturelß’fall
Stations — I Weath. j 7 Max. j 24
I la. m. [y'day,|hours.
Augusta ICloudy | 74 1
Atlanta Raining 68 76 .70
'Atlantic City. (Cloudy (72
Boston (Cloudy '6B 72 ....
Buffalo Raining 66 82 .12
Charleston .. ,'l’t. cldy. 78 80 ...
Chicago Clear 68 70 .04
Denver -Cloudy 54 74 .04
Des Moines ... Cloudy 64 78 .02
Duluth 'Cloudy 54
Eastport -Cloudy 'SO 62 .01
Galveston . ... Pt. cldy. 84 88 ....
Helena Clear 46 70 ....
Houston (Clear 78 ....
Huron Clear 54 80
Jacksonville .. Clear 1 78 90 .42
Kansas City.. Cloudy 1 66 84 2.24
I Knoxville ....ICloudy 70 78 .. .
Louisville ... 'Raining 68 72 .32
Macon Cloudy 72 82 .40
Memphis 'Cloudy 74 86 t.lO
Meridian Clear 74 1.10
Mobile Pt. cldy. 80 86 - .01.
Miami 'Cloudy 84 90 . ...
Montgomery .'Cloudy 76 86 .10
Moorhead .... Cloudy 58 80
New Orleans.. Pt. cldy. 82 92 .08
New’ York.... (Clear 68 76 ....
North Platte..'Clear ( 52 i 78 .14
Oklahoma .... Raining 66 ( 82 2.14
Palestine .... JPt. cldy. j 76 I 92 ....
Pittsburg .... Cloudy 70 1 80 . .
P’tland, Oreg.lCloudy 60 | 92 .30
San FranciscolClear 56 76 ....
St Louis Pt. cldy.' 70 80 .21
St. Paul .(Cloudy (64 78 ' .18
S. Lake City.. ' 'lear 6” 80
Savannah .... Cloudy 72 | .. | .3$
Washington .Cloudy 66 80 ; . .
C. F. Von HERRMANN. Section Director
NEW YORK PRODUCE MARKET.
NEW YORK. Aug 8 —Wheat firm: Sep
tember 1.00%® 1.01. spot No. 2 reel nomi
nal in elevator and 1.08% f. o. b. Corn
firm: No. 2 in elevator nominal, export
No. 2 82% f. o. b., steamer nominal. No.
4 nominal, oats weak; natural white new
370 38. Rye dull: No. 2 nominal f. o b.
New York. Barley quiet: malting 704180
c. I. f. Buffalo. Hav Irregular; good to
prime 9541 1.35, poor tn fair 800 1.15.
Flour active; spring patents $5.25@5.50,
straights $4.7505. clears $4.650 4.90, win
ter patents $3,154; 5. <O, straights $4.55®
4.75. clears $4.250 4.50.
Beef firm; family $18018.50. Pork
steady; mess $20(820.75, family $20®21.25.
Lard easier, city steam 10'4® 10%. middle
West spot 10.60 asked. Tallow steady;
city tin hogsheadsl 6% nominal, country
(in tierces) 5%®6%.
POULTRY, BUTTER AND EGGS.
NEW YORK, Aug. 8. Dressed poultry
active: turkeys. 14023; chickens. 14025;
fowls. 124/20; ducks. 184/18'J. Live poul
try irregular; chickens. 184/20; fowls, 16
(asked); turkeys, 14 (asked), roosters,
1014; ducks, 14: geese. 11.
Butter weaker; creamer,', specials, 25®
26; creamery extras. state dairy,
tubs. 21.Q25; process specials, 241 i.
Eggs active; nearby white fancy, 314/.
32; nearby brown fancy. 24®26; extra
firsts, 23®25; firsts, 20®21.
Cheese firm; white milk specials. 15'44/'
15%; whole milk fancy. 15® 15%; skims,
specials. 12%®12'/ 2 ; skims, fine, 10'-®
1114; full skims, 6’h®Bl4.
NEW YORK GROCERIES.
NEW YORK, Aug. B—Coffee easy: No.
7 Rio spot. 14%. Rice firm; domestic, or
dinary to prime, 4'44/5%. Molasses quiet;
New Orleans, open kettle. 364/50. Sugar,
raw, easy, centrifugal. 4 05;
3.55: molasses sugar, 3.30; refined, quiet:
standard granulated, 5.15: cut loaf, 5.90;
crushed, 5.80: mold A. 5.45; cubes, 5.35;
powdered. 5.20; diamond A. 5.10; confec
tioners A. 4.95; No. 1, 4.95; No. 2, 4.90;
No 3. 4 85, No 4, 4 8«
HMLIIG
LOWERS STOCKS
Large Interests Readily Absorb
All Offerings— Bullish Senti
ment. Strong Undertone.
By CHARLES W. STORM.
NEW YORK, Aug. 8. Activity was the
feature of the stock market at the open
ing today, and within fifteen minutes
after the opening advances of from 1
point to a fraction above tills limit has
been reached by a number of issues.
Lehigh Valley opened at 172%. a. gain
of % over last night's close. Within a
short time this gain had been increase/!
to 1 % Reading made a similar gain
I nion Pacific. Southern Pacific, Great
Northern preferred. United States Steel,
Consolidated Gas. Westinghouse, North
ern Pacific and others were up from 14 to
%. American Tobacco was sold heavily
and broke 3% points on the movement.
Canadian Pacific was % higher.
Americans in London were buoyant in
tone, being generally attributed there to
Governor Wilson's moderate speech in ac
cepting the presidential nomination yes
terday. This strength was reflected in the
opening here. Canadian Pacific was par
ticularly strong in London The curb was
firm.
In the late forenoon price movements
were irregular. Fractional losses were
recordeii in Great Northern preferred.
Steel. St. Paul, Union Pacific and General
Electric.
The market was irregular in the late
afternoon trading. Some Issues receded
on protit-taking by room traders, giving
them the appearance of weakness.
Stock market closed steady; govern
ments unchanged; other bonds steady.
Stock quotations.
„ 1 I ILast|Clos.lPrev
STOCKS— IHiKhJLow. SaleJ Bid.i'Tse
Amal. Cop|>er.“B.'i% ”82'.. 8214 83%
Am. Ice Sec.. 25% 25% 25% 25% 25
Am. Sug. Ref. 127 126% 126'\ 126% 126%
Am. Smelting 84% 84 84 83% 83%
Am. Locomo... 41% 43%. 43% 13%: 43%
Am. Car Fdv.. 59% 59 59 59 59
Am. Cot. Oil .. 54%| 54% 54% 54 : 54
Am. Woolen 26 26
Anaconda .... 41% 41%, 41% 11% 41%
Atchison 108% 108% 108% 108% 108'.
A. c. L 142% 142% 142'- 112 141%
Amer. Can ... 41% 40%, 40% 40% 10%
do. pref .. 120% 119% 119% lift 120
Am. Beet Sug. 71% 70%; 70% 69% 70%
Am. T. and T. 145% 145’,, 145% 146 145%
Am. Agricul I .... 58% 59
Beth. Steel ... 38% 37%( 38 37 ' 38%
B. R. T 93% 92% 93 92% 92%
B. and 0 108% 107% 107% 107% 107%
Can. Pacific . 276% 275% 1276% 276 276%
Corn Products 14% 14%
C. and 0 81% 80% 80% 80% 81%
Consol. Gas .. 146% 146 146% 145% 146
Cen. Leather .. 27% 27% 27% 27% 27%
Colo. F. and I.' 30% 30% 30% 30’4 3014
Colo. Southernl 40 40
D. and H | 168% 168%
Den. and R. G. 19% 19% 19% 19% 19%
Distil. Secur. J 32% 32% 32% 32% 32%
Erie 36% 36% 36% 36 " 36%
do. pref. .. 54 53% 54 53% 54
Gen. Electric 181 % *lßl% 181% 181 % 181
Goldfield Cons. 3% 3% 3% 3% 3%
G. Western ... 17% 17%
G. North., pfd.. 143% 142% 143 141% 142%
G. North. Ore. 44% 44 44%( 43% 43%
Int. Harvester .124'~>123% 123% 123 124
111. Central .. 132% 1.32'. 132'.., 131 % 131 %
Interboro 20% 20% 20’, 20% 20%
do. pref. . 61%: 60% 60% 60% 60%
lowa Central 10 10
K. C. Southern 25% 25% 25% 25% 25
K. and T .. . , 27% 27%
do, pref. . . 61 Hl '6l 1 60'*. 60
L. Valley . . 173% 171% 171% 171 *'172%
L. and N.. . 1161%(160%|161 'l6l (160%
Mo. Pacific . . 37% 37% 37% 37% 37%
N. Y. Central :117%!117%[117% 117 111"
Northwest. . .1t41%j141%1141%|141 141%
Nat. Lead ....... i I 59 (59%
N. and W . . 118% 118% 118% 117% 118%
No. Pacific . 130% 128% 128/, 128% 129%
o. and W.. . . 32% 32%' 32%. 32% 31%
Penn 123% 123% 123% 138% 123%
Pacific Mall . 33 33 33 32% 33%
P. Gas Co.' . . 118%|118 118 117% 117%
P. Steel Car .... 36 36
Reading . . . .171 169% 169% 169% 169%
Rock Island . 26% 26%' 2(1% 26 i 26
do. pfd.. . . 51%! 51% 51 %l 51 51%
R. I. and Steel 28% 28 I 28%: 27% 27%
do. pfd ' .... 88 88
S. -Sheffield... .| 56 I 56
So. Pacific . . 112% 112 112 1H%'112%
So. Railway . 29% 29% 29% 29% 29%
do. pfd.. . . 80%’ 78% 7ft% 791.., 78',,
St. Paul. ... 109 108% 108% 108% 108%
Tenn. Copper . 42% 42% 42%| 42% 42
Texas Pacific 22% 22% 22% 22 21
Third Avenue .... .... .... 36% 37%
Union Pacific |173%(171 % 171 %(171 % 172 s ,
U. S. Rubber 52 52 52 51% I 51%
Utah Copper . 62% 62% 62% 62 62%
U. S. Steel . . 72% 71%' 71% 71% 71%
do. pfd.. . . 112% 112% 112'4 11'2% 112%
V. Chem.. . 48% 48% 48% 48% 48%
West. Union .'B2 'B2 82 81% 81%
Wabash . . . . 4%: 4%
do. pfd.. . .' 14% 14% 14% 14 14
W Electric . 87 'BS 87% 87% 84%
Wis. Central . I ... .' '6l |6O
W. Maryland .' 58 'SB 58 |SB ! 57%
MINING STOCKS.
BOSTON. Aug. 8. -Opening. Fruit 194,
California and Arizona 76. Chino 34%.
Smelters preferred 49%. Nevada Consoli
dated 22, Shannon 17%. Giroux 5%
METAL MARKET. t
NEW OIIK. Aug B.—At the metal ex
change trading was quiet Copper spot.
Aufgust anil September 16.87%® 17.25; Oc
tober, 17.12%® 17.30. Load, 1.45® 4.55;
spelter. 6.90® 7.00; tin. 45.15® 45.45.
LOCAL STOCKS AND BONDS.
Bld. Asked
Atlanta & West Point R. R.. 140 145
American Nat Bank 220 225
Atlantic Coal &• Ice common 100% 101
Atlantic Coal & lee pfd “0 * 92
Atlanta Brewing * Ice C 0... 17(1 ..
Atlanta National Bank 335 ( ’
Broad Rlv Gran Corp 25 36
do. pfd 70 72
Central Bank & Trust Corp. ... 147
Exposition Cotton Mills 160 505
Fourth National Bank . .. 265 “70
Futon National Bank 1“’ 131
Ga. Ry. & Flee, stamped. .. 126 127
Ga. Tty. & Power Co. common 28 30
do. Ist pfd 81 85
do. 2d pfd 46 47
Hillyer Trust Company 125 j“7
Lowry National Bank 248 25')
Realty Trust Company 100 105
Southern Ice common 68 70
The Security State Bank ... 115 120 I
Third National Bank 225 230
Trust Company of Georgia... 225 235 (
Travelers Bank A- Trust C 0... 125 126
BONDS.
Atlanta Gas Light Ist 's 102
Broad Rlv Gran Corp Ist 6s 90 95
Georgia State 4%5. 1915, 55.. 100% 101'..
Ga. Ry. & Elec Co .is 102',j 104
Ga. Ry. & Elec. ref. 5s 100 ’ 101
Atlanta Consolidated 5s 102%
Atlanta City 3%5. 1913 91 * 92
Atlanta City 4s. 1920. 98 99
Atlanta City 4%5, 1921 102 103
x-Ex-rights.
CHICAGO & MILWAUKEE TO
BE SOLD BY COURT ORDER
MILWAI KEE, WIS . Aug 8 The Wis
consin corporation properties of rhe Chi
cago and Milwaukee Electric railroad will
be sold al public auction at Racine on a
date to be set l»y Charles B. Morrison, of
Chicago, to satisfy a $10,0000,000 mortgage
held by the Western Trust and Savings
Company, according to a decree handed
down by Judge Geiger in United States
district court today.
Morrison has been appointed special
master to conduct the sale The road has
been in the hands of the receiver since
January 28. 1908.
NATIONAL BANK EXAMINER.
MONTGOMERY. ALA . Aug. 8. L. !».
Hosmer, state bank examiner, has been
appointed national bank examiner for
Alabama. Mississippi, and the city of New
1 Orleans, succeeding J. R. Stevens, of
Huntsville, who resigned to take the post
lof clearing house examiner at New <»r
--i loans Mr Hosmer's appointment is es-
I fective October 1.
ATLANTA MARKETS)
EGGS Fresh country candled. 19©20c. |
BI TTER—Jersey and creamery, in 1-lb. (
blocks, 20@22%c; fresh country dull, 10® |
12%c pound.
DRESSED POULTRY—Drawn, head I
and feet on. per pound: Hens. 17®18c; j
fries, 25® 27'.*c; roosters. 8®10c; turkeys, |
owing to fatness. 18©20c.
LIVE POULTRY —Hens, 40@45c; roost
ers 25® 35c; fries. 184/25c; broilers, 20® .
25c; puddle ducks, 25® 30c; Pekin ducks,
40©45c; geese 50/i/60c each, turkeys, ow
ing to fatness, 14®15c.
FRUITS AND PRODUCE.
I’ltl IT AND VEGETABLES—Lemons,
fancy, $5.50©6c per box; Florida oranges,
$34/3.50 per box; bananas, 3©3%c per
pound: cabbage. 75®$1 per pound; pea
nuts. per pound, fancy Virginia 6%®7c,
choice, 5%®6c: beans, round green. "sc®
$1 per crate: Florida celery. S2O 2.60 per
crate: squash, yellow, per six-basket
crates, $101.25; lettuce, fancy. $1.250.1.50,
choice $1.2501.50 per crate: bee's, $1.50®
2 per barrel; cucumbers. 75c@$l per crate;
new Irish potatoes, per barrel, $2.5003.
Ugg plants. $202.50 per crate; pepper.
$1.01.25 per crate: tomatoes, fancy, six
basket crates $1.5001.75, choice toma
toes $1 750 2: pineapples. S2O 2.25 per
crate; onions, $101.26 per bushel; sweet
potatoes, pumpkin yam. $101.35 per bush
el; watermelons. SIOO 15 per hundred;
cantaloupes, per crate, $101.25.
PROVISION MARKET.
(Corrected by White Provision Company.)
Cornfield hams. 10 to 12 pounds average.
Cornfield hams, 12 to 14 pounds average,
16c.
Cornfield skinned hams. 16 to 18 pounds
average. 17c.
Cornfield picnic hams, 6 to 8 pounds
average. 12c.
Cornfield breakfast 'bacon. 23c.
Grocer style bacon (wide or narrow),
17%c.
Cornfield fresh pork sausage (link or
bulk) 25-pound buckets, 12c.
Cornfield frankfurters, 10 pound buck
ets, average 10c.
Cornfield bologna sausage, 25-pound
boxes. 9c.
Cornfield luncheon hams, 25-pound
boxes, 12c.
Cornfield spiced Jellied meats in 10-
pound dinner pails. 10c.
Cornfield smoked link sausage in pickle.
50-nound cans, $4 50.
Cornfield frankfurters in pickle. 15-
pound kits, $l5O. *
Cornfield pickled pig's feet, 15-pound
kits. sl.
Cornfield pure lard (tierce basis). ll%c.
Country style pure lard, 50-pound tins
only, 11 %c.
Compound lard (tierce basis) 9%c.
D. S. extra ribs, ll%c.
D. S. rib bellies, medium average, 12c.
D. S. rib bellies, Ilgh/ average, 12%c.
FLOUR AND GRAIN.
FLOUR—Postell's Elegant, $7.00; Ome
ga, $7.50; Carter's Best $6.50; Gloria (self
rising). $6.25; Victory (finest patent). $6;
Faultless, finest, $6.2a; Swansdown (high
est patent), $6.25; Home Queen (highest
patent) $5.65; Puritan (highest patent)
$5.65; Sun Rise (half patent) $5; Tulip
flour, $4.50; White Cloud (highest patent)
$5.50; Diadem (highest patent) $5.50;
Farm Bell $5.40; Paragon (highest pat
ent) $5.65; White Lily (highest patent)
$5.40; White Daisy $5.40; Southern Star
$5; Sun Beam $5; Ocean Spray (patent)
'CORN—No. 2 white $1.10; cracked $1.05;
yellow $1.03.
MEAL—Plain 144-pound sacks 96c; 96-
pound sacks 97c; 48-pound sacks 99c: 24-
pound sacks $1.01; 12-pound sacks $1.03.
OATS—New fancy white, 60c; Red rust
proof, clipped. 60c; red rust proof, 58c.
COTTON SEED M EAL -Harper, S2B
COTTt.iN SEED HULLS —Square sacks.
$9.00 per ton. Oat straw, 75c per bale.
SEEDS—(Sacked): German millet, $1.65;
amber cane seed, $[.55; cane seed, orange.
$1.50; Wheat (Tennessee), blue stem.
$1.40; red top cane seed, $1.35; rye (Geor
gia). $1.35: Appier oats. 85c; red rust p/'
oats, 72c: Bert oats, 75c; Texas rust pre. .
oats, 70c; winter grazing, 70c; Oklahoma
rust proof. 50e; blue seed oats, 50c.
HAY—Per hundredweight: Timothy,
choice large bales. $1.70; Timothy, choice
third bales. $1.60; Timothy No. 1. small
bales, $1.40; new alfalfa, choice, $1.65;
Timothy No. 2, $1.70; Timothv No. 1 clo
ver. mixed. $1.40: clover hay. $1.50: alfal
fa hay. choice peagreen. $1.30; alfalfa No.
1. $1.20; alfalfa No 2, $1.25; peavine bay,
$1.20; shucks. 70c; wheat straw. 80c; Ber
muda hay, SI.OO.
FEEDSTUFF.
SHORTS—Fancy 75-lb. sacks, $1.90: P.
W., 75-lb. sacks. $1.80; Brown. 100-lb.
sacks, $1.75; Georgia feed. 751 b. sacks,
$1.75; bran, 75-lb. sacks. $1.45; 100-lb.
sacks, $1.45; Homcloine, $1.70; Germ meal
Homco. $1.45: sugar beet pulp, 100-lb.
sacks. $1.50; 75-lb. sacks, $1.56.
CHICKEN FEED Beef scraps, 50-lb.
sacks. $3.50; 100-lb. sacks, $3.20; Purina
scratch. 100-lb. sacks, $2.20; Purina pigeon
feed, $2.35; Purina baby chick, $2.30; Pu
rina chowder, dozen pound packages,
$2.20; Purina chowder, 100-lb. sacks, $2.15;
Success baby chick. $2.10; Eggo, $2.15;
Victory baby chick, $2.30; Victory scratch,
100-lb. sacks. $2.[5; Superior scratch,
$2.10; Chicken Success baby chick, $2.10;
wheat, 2-bushel bags, per bushel. $1.40;
Rooster chicken feed. 50-lb. sacks, $1.10;
oystershell. 80c.
GROUND FEED Purina feed, 175-lb
sacks. $1.90; Purina molasses feed, $1.85;
Arab feed, $1.90; Allneeda feed. $1.85;
Sucrene dairy feed, $1.65; Cniversal horse
meal. $1.80: velvet. $1.70; Monogram, 100-
lb. sacks. $1.70: Victory horse feed. 100-
lb. sacks, $1.80; Milko dairy feed, $1.75;
No. 2, $1.75; alfalfa molasses meal, $1.75;
alfalfa meal, $1.50.
GROCERIES.
SUGAR —Per pound, standard granu
lated, 60c; New York refined. 5%; plan
tation. 5%c.
<'Or'FEE—Roasted (Arbuckle's). $23.50;
AAAA, $14.50 in hulk; in bags and barrels'
$21.00: green. 19c.
RICE Head. 4%©5%c: fancy head, 5%
®6%c. according to grade.
LAUD- Silver leaf. 12%e per pound;
Soeo, 9%c per pound; Flake White. 9%e
per pound; Cottolene, $7.20 per ease;
Snowdrift, $6.50 per case.
CHEESE Fancy full cream. 18%c.
SARDINES Mustard, $3 per case, one
quarter oil. $3.
MISCELLANEOUS- Georgia cane syr
up, 38c: axle grease. $1.75. soda crackers,
7%c per pound; lemon crackers. 8c: oys
ter. 7c: tomatoes (2 pounds), $2 case; (3
pounds), $2.75; navy beans. $3.25; Lima
beans, 7%c; shredded biscuit, $3.60; rolled
(oats, $3.90 per case; grits (bags), $2.40:
I pink sajmon, $4.75 per case; pepper, 18c
per pound; It. E. Lee salmon, $7.50: cocoa.
38c: roast beef. $3.80; syrup. 30c per gal
lon; Sterling ball potash. $3.30 per case;
soap, $1.5004.00 per case; Rumford trek
ing powder, $2.50 per case.
SALT—Gne hundred pounds, 50c: salt
brick (plain), per case, $2.25; salt brick
(medicated), per case. $4.85: salt, red
rock, per cwt.. $1.00; salt, white, per cwt.,
90c; (Iranocrystal, case. 25-lb. sacks, 80c;
50-lb. sacks, 29c; 25-lb sacks, 18c.
FISH.
FISH —Bream and perch, 6c per pound
snapper. 9c per pound; trout, 10c per
pound: bluefish, fc per pound; pompano,
15c per pound; mackerel. 11c per pound’
mixed fish, 6c per pound; black bass, 10c
per pound; /millet. SB.OO per barrel
HARDWARE.
PI.OWSTOCKS—HaIman, 95c; Fergu
son. $1.05.
AXLES $4.75@7.00 per dozen, base.
SHOT $2.25 per sack.
SHOES -Horse, $4.5004.75 per keg
LEAD—Bar. 7%c per pound.
NAILS Wire. $2.65 base
IRON—Per pound, 3c, base; Swede, 3%c.
LIVE STOCK MARKET.
<’HI('AGt), Aug. 8. Hogs Receipts 20,-
000. Market 10c lower. Mixed and butch
ers $7.35©8.35. good heavy $7.7008.20,
rough heavy $7.350 7.65. light $7.7008 35
pigs $6.500 7.80, Hulk $7.600 8.20.
Cattle -Receipts 4.500. Market steady.
Beeves $6.25010.25. cows ami heifers $2.75
4/8.10. stockers and feeders $4.2507, Tex
ans $6.35@8.25. calves $8.50@10.
Sheep Receipts 15,000 Market steady.
Native and Western $3.250 4.70, lambs
$4,650 7.75.
COTTON MARKET OPINIONS.
Martis H. Rothschild & Co.: With con
ditions east of the river also showing
improvement, some new incentive must
present itself to cause a further advance.
Thompson. Towle Co.; Weather con
ditions are excellent, but this can change
ano the market is in a condition to reflect
quickly any favorable influence.
Hayden. Stone Co.: The tendency
looks to bo toward a somewhat lower
level, though after a 1c decline reactions
must be expected and short selling should
be handled cautiously.
SEPTEMBERCORN
FEATURES GOIN
Entire Cereal List Shows Ad
vances on Covering by the
Shorts and Small Receipts.
ST. LOUIS CASH QUOTATIONS.
Wheat—No. 2 red 101%W104
Corn 76
Oats 31 0. 31%
CHICAGO,. Aug. B.—Wheal was %o%c
higher this morning on smaller north
western receipts, and light but fairly
general rains throughout this country.
The strength at Liverpool was also a
help, as Russian offers were firmer.
September corn was %c higher early,
while the more deferred futures were %c
lower The latter were under pressure.
i >ats wre %© %<■ better on covering by
shorts.
Provisions were lower in sympathy with .
the decline in hogs at the yards.
Wheat ruled firm in tone today and
closed with prices about %c higher. Un
settled weather In the Northwest inter
fered with harvesting operations and
heavy rains in the Southwest delaying
grain movement were the strengthening
factors l''lnal prices were %c below top.
Shorts covered freely on the bulge.
Corn closed firm in tone, with prices
ranging from % to 2c better. There was
a good demand from shorts, speculators
and shippers.
Oats were strong and prices % to 1c
higher. Wet weather over most of the
shipping territory was the factor. There
was general covering of the smaller
shorts.
Provisions were Irregularly lower. The
tone was especially weak for pork.
CHICAGO GRAIN MARKET.
Prev.
open High. Low. Close. Close.
WHEAT—
Sept. 92% 93% 92% 93% 92%
Dec. 92% 93% 92% 93% 92%
May 96 97 * 95% 96% 95%
CORN-
Sept. 66% 68 s , 66% 68% 66'4
Dec. 54% 55% 54% 55 54%
May 54% 55% 54% 55 54%
OATS
Sept. 31% 31% 31 31% 3(1%
Dec. 32% 32% 32% 32% 32
May 34% 35 34% 34% 34%
P( >RK
Spt 17.75 17.82% 1.7.60 17.82% 17.87%
Oct 17.82% 17.87% 17.62% 17.80 17.87%
Jan 18.30 18.45 18.20 18.27',.. 18.42%
LARD-
Spt 10.45 10.52% 10.45 10.47 10.47%
oct 10.55 10.60 10.55 io 10.55
Jan 10.32% 10.35 10.27% 10.32% 10.35
RIBS—
Spt 10.52% 10.60 10.50 10.57% 10.55
Oct 10.57% 10.57% 10.50 10.52% 10.52%
Jan 9.72% 9.72% 9.65 9.65 9.70
CHICAGO CASH QUOTATIONS.
CHICAGO. Aug. 8. Wheat. No. 2 red,
1.00%®1.03%; No. 3 red. 98%fi1.01%; No.
2 hard winter. 94%@96; No. 3 hard win
ter. 92%®94%; No. 1 northern spring.
1.0101.08: No. 2 northern spring, i.oo®
1.06; No. 3 spring, 9301.02.
•Corn No. 2. 74%®75; No. 2 white, 76%®
77; No. 2 yellow, 76®76%; No. 3, 73%®
74; No. 3 white. 75%©76; No. 3 yellow,
175075%; No. 4. 70072; No. 4 white, 73%
®74%; No. 4 yellow. 73%@74%.
I Gats. No. 2. old. 32%; new, 32%; No. 2
white, new, 33%®35; old. 36037; No. 3
white, new, 32033: No. 4 white, new. 32;
Standard, old. 38040; new. 32%©35.
CHICAGO CAR LOTS.
Following are receipts for Thursday and
estimated receipts for Friday:
Wheat I 58 143
Corn I 191. 161
Oats ' 270 293
Hogs | 20,000 15,000
PRIMARY MOVEMENT.
WHE i ISI2 7 ISII
Receipts I 1,518.000 | 1.028.000 '
Shipments I 446,000 I 398,000
CORN— I j ”
Receipts | 1.174.000 I 595,000
Shipments | 210,000 I 226,000
LIVERPOOL GRAIN MARKET.
Wheat opened unchanged; at 1:30 p. m.
Iwa * unchanged closed ',d higher.
Corn opened %d to %d higher; at 1:30
p. m. was %d to %d higher. Closed %d
to 1 'Ad higher.
NEW YORK COFFEE MARKET.
Coffee quotatlons:
I Opening. | Closing -
January 13.00 to 13.03 12.92 © 12.94
February 1.3.00 '12.92® 12.94
March 13.05 112.95012 97
Xpril 13.03013.04 12.97012 99
May 13.040 13.08 12.990 13 01
• lune 13.03013.10 12.98013 00
July 13.02 12.96012.97
August 12.73012.73
September .... 12.900 12.96 12.8101283
October 12.95013.05 12.86012.88
November. . . 13.00013.07 12.88012 89
December. . . ._.l3d)_o 12.89@12.9S
closed barely steady. Sales, 47,750 bags.
COTTON SEED OIL.
Cotton seed oil qnotations:
I Opening. I Closing.
Spot '.......... | 6.4006.49"
August ' 6.4706.49 I 6.4106.47
September .... 6.5006.36 6.4906.50
October 6.55®6.56 : 6.5406.55
November .... 6.2606.30 6.260628
December .... 6.184/6.19 6.1906.20
January . . . 6.1706.20 6.187/6.20
February . . . . J 6.2006.25 ' 6.22@6.24
('loseil heavs : sales 15.600 barrels.
ATLANTA LIVE STOCK MARKET.
(By W. H. White, Jr., of the White Pro
vision Company.)
Quotations based on actual purchases
during the current week:
Choice to good steers. 1,000 to 1,200, 5.25
@6.50; good steers, 800 to 1.000. 5.0005.75;
medium to good steers, 700 to 850, 4.75®
5.75; good to choice beef cows, 800 to 900.
4.2504.75; medium to good beef cows, 700
to 800, 3.7504.25; good to choice heifers,
750 to 850, 4.00® 4. <5; medium to good
heifers, 650 to 700. 3.7504.50.
The above represent ruling prices on
good quality of beet cattle. Inferior
grades and dairy types selling lower.
Mixed common steers, if fat, 700 to 800,
4.000 4.50; mixed common cows, if fat. 300
to 800, 3.50®4.00; mixed common bunches
to fair. 600 to 800, 2.7503.00; good butch
er bulls, 3.00@3.75.
Prime hogs, 100 to 200 average, 7.500)
7.75; good butcher hogs. 140 to 160, 7.25©
7.40; good butcher pigs, 100 to 140, 6.75®
7.25; light pigs. 80 to 100, 6.000 6.75; heavy
tough hogs, 200 to 250, 6.5007 c.
Above quotations apply to corn-fed
hogs. Mash and peanut fattened hogs,
l®l%c and under.
Moderate supply of cattle with but few
good steers in yards this week. Receipts
consisting principally of mixed cows and
heifers of the light order, heavy stuff be
ing scarce and in best demand. Market is
considered strong on the better grades
with a tendency to lower values, on me
dium and grass stuff.
Commission men look for a fair run
of cattle for the next few weeks, but
present receipts do not indicate that the
quality of range stuff Is as yet up to
standard.
Lambs have not been coming so free
ly. quality not so good as earlier in the
season. \ few loads of Tennessee lambs
were on the market this week, and sold at
from % 10 % lower and were considered
high for tlie reason of their inferior qual
ity.
Hog receipts moderate, market steady to
% higher on all grades.
17
