Newspaper Page Text
•I |
I1EARST ? SUNDAY AMERICAN, ATLANTA. 0.\., SUNDAY, APRIL 20, 1010
Latest Reports From
13 D
World’s Great Markets-—Cotton, Grain, Stocks
May
'
Off $3.50 Per Bale Since
April 2, and July Is Down
About $3,
THE WEEK'S RANGE.
New York,
High. 1
Low.
I Close |
Net
| j
| Sat. j
Change
May .
.1 11.98
11.63
i i
July .
I Frl. |
Sat
i 11.63-64
—.21
. 11.92
11.63
t i
Thurs.
Sat.
11.63-65
—.20
Oct. .
.) 11.47 ;
11.26
i i
! Wed. |
Sat.
| 11.26-27|
—.14
NEW ORLEANS.
; nigh. .
Low.
| Close '
Net
Change
May .
I 12.48
12.21
i i
» i
Thurs.
Sat.
1 12,23-24
I i
—.10
July .
I 12.28 ‘
12.06
! Thurs.
Sat.
(12.08-09
I |
—.14
Oct. .
I 12.53 !
11.33
| Thurs.
Sat.
111.33-34!
—.13
LIVERPOOL.
High.
Low.
Close I Net
|Change
M.-J.
6.611/2
6.53/2
i
Fri.
Sat.
6.54 | —.10
J'y-A.
6.56'/,
6.47
i
Fri.
Sat.
6.48«/ 2 | —.09
Sp.-O’t
6.31
6.47
i
Frl.
Sat.
6.25 | —.08
POLITICO nor
ATTRACTS NOTICE
Stock Market Has Dull Session
With Slight Shading at Open
ing on London Outiook.
Saturday's New York
Stock Market
The following table shows the
highest, lowest, and closing
prices of stocks sold on the New
York Stock Exchange Saturday,
together with the net change
from Friday’s close:
Kansas Is Watched
By Wheat Traders
Rain Badly Needed In Reclaimed
Desert—Crop Prospects Excel
lent in Other States.
ST. LOUIS CASH QUOTATIONS.
Wheat—No. 2 red
Corn—No. 2 red ..
Oats—No. 2 red ..
35
STOCK—
Net
High. Low. Close. Ch’ge.
By EDWARD LOW RANLETT.
NEW YORK, April 19.—The decline in
the cotton market since April 2 has
been very pronounced. May contracts
have lost in quoted value more than
$3.50 per bale and July about $5. The
new crop months have suffered some
what less, but the entire list has shown
conclusively that early in the month the
larger operating interests had concluded
a well planned campaign and had for
the time being abandoned the market.
©To-day's trading showed a decline of
more than 10 points as compared with
the previous closing, and was only a
further development of liquidation by
the public. At the lowest levels near
the close, May and July sold at 11.63,
Which compares with 12.36 for May and
13.22 for July on or about April 2. The
close of the market was at the lowest
With a heavy tone.
H The Financial Chronicle states that
he weather has been quite favorable
t the South during the week. Little
no rain has fallen, and in consc
ience farm 4 work and planting have
Jpgressed very favorably. The Missis-
JSpi River continues at a high si age.
Jft without serious effect from cre
vasses or overflow.
JT|n cotton goods, a slightly easier tend
ency is developing; print cloths are
easier, but business is confined to small
lots.
Within two weeks the trade will have
under consideration the prospective Gov-
1 eminent report on conditions and acre-
ge for the new cron.
It is already admitted that a large
_creage is contemplated and that scien
tific methods will be used to bring about
[the large yield per acre.
_j It U a common saying that the world
U needs another crop of lo,000,000 bales to
satisfy the demand at about current
prices. This suggestion, however, does
not apDear to take irtto account the fact
that about 30,000.000 bales of American
cotton has been practically absorbed by
the world during the last twenty
months, and that trade.'Which was buoy
ant and of record proportions a year ago
all over the world, has recently, and is
now, showing a declining tendency. In
any event, the cotton contract market
has shewn a downward tendency except
where upheld by purely speculative ef
fort, and there is certainly a very mod
erate demand for actual cotton.
In the cotton goods division of the dry
goods trade buyers are not anxious ma
kers of contracts for remote deliveries
of mill products and concessions are be
ing demanded and generally granted to
Jobbers on the part of producers,
“peculation in cotton contracts has
•died to an amicable distribution of
_^«ortunities. which for the most part
include trading on the differences ex
isting between New York and Liver
pool. So little actual cotton is being
taken by spinners that this is playing
little part. In a broad way, it may be
stated that notwithstanding the smaller
visible supply held In the world’s market
that the end of the season promises to
Show a carry-over in the visible posi
tions not far below last year’s figures.
RANGE IN NEW YORK FUTURES.
Futures opened quiet.
NEW YORK, April 19.—Stock market
prices showed but little change to-day.
More attention seemed to be paid to
foreign politics than to any other mar
ket influence, but the heaviness in the
London market had little effect here ex
cept for a slight shading of quotations
at the opening. Heaviness of Japanese
bonds in the London market attracted
some attention. Speculators appeared
to be using the anti-American demon
strations in Tokio as a bear argument.
Trading was very light.
Week-end statistics were of a gener
ally favorable character. Commercial
agencies report increasing conservatism
as a result of the impending revision of
he tariff.
Bank clearances throughout the coun
try show- a reduction for the week of
4-3 per cent, made up very largely ot a
falling off of 10.3 per cent in exchanges
at New York. Elsewhere throughout the
country, except In New Orleans, ex
panding clearances bore evidence of well
sustained commercial activity.
Easier tendencies were reported in the
money'and discount markets abroad and
'n the local time money and commercial
oaner markets. Sterling exchange was
quiet and inclined toward a lower level.
Just before the close of the stock
market it became known that J. P
Morgan & Co., will offer on Mon
day $1.0,000,000 of New York Central one
year 5 per cent notes at 99%. This is
in addition to the notes aggregating
£2.000,000 sold in London last week.
Number of shares sold today 79,990 !
against 234,853 a year ago. Par value of !
Amal. Copper.
76'/*
75 3 4
757 i
- '/a |
Am. Ice Sec..,.
26
• Va |
Am. Sug. Ref.
11 3'/ 2
113/2
68/2
113'/ 2
68%
Am. Smeltin...
68' 2
Am. Locomo...,
35%
* /.
Am. Car Fdy.
50
50
M)
Am. Cot. Oil. ..
47%,
Anaconda ....
38'/,
38
37
■ IV 8
Atchison
101 7 g
1017s
101%
A. C. L
121
121
121
* Zb
American Can.
33 3 .
33'/*
33/4
■ 'A
do, pref. ..
95
94' 2
94
■ '/«
Am. Beet Sug.
32
32
32'4
• '/4
Am. T.-T. ...
129 3 i
129 3 4
129'/,
- Zz
Am. Agricul. . .
51
-1
B. R. T
90
893%
89 3 4
B. and O
98' 2
98'/ 2
98' / 2
Can. Pacific.. .
243'/ 8
242%,
242/ 2
-2'/*
Corn Products.
10%
C. and O
66%
♦ Zt
Consol. Gas. . .
131'/a
131/2
131/2
Cen. Leather..
25
25
24%
* Zb
Colo. F. and 1.
32
32
32
Colo. Southern.
31
D. and H
159
Den. and R. G.
21
*1
J Distil. Secur..
16
- Zb
Erie
29'/,
29/2
29%
- Zb
do, pref. . .
45
* Zz
bonds sold to-day $L037,000
$1,505,000 a year ago.
Gen. Electric.. 139 3 4
Goldfield Cons. 2/ 4
NEW ORLEANS COTTON.
NEW ORLEANS, April 19.—The reac
tionary tendency displayed by the mar
ket during the middle of the week was
sustained by favorable reports by a
crop expert now traveling in Texas,
who wired Friday morning that condi
tions in that section of the belt are
normal, notwithstanding the complaints
as to damage by recent frosts and as to
lack of moisture.
Bearish activity also was encouraged
by Secretary Hester’s week end figures.
. s P^ ners takings for the week being
J. 219.000 bales as compared with
' ™? 00 the corr esponding week last year.
The amount brought into sight was
also larger than had been expected,
bringing the total movement since Sep
tember 1, up to 12.773,000 bales as com
pare/! with 14,767,000 the corresponding
period last year.
The May position continues to show
strength in this market, but weakness
,n New York where the threat of deliv
ery on contract of large portion of the
undesirable stock carried in that mar
ket is causing longs in that month to
liquidate their holdings even at such a
big discount under actual cotton values
against We stern
G. North, pfd
G. North. Ore. 35' /2
Illinois Central ....
Inter boro .... 167/ 8
do, pref. .. 56 3 4
Iowa Central
K. C. Southern. ...
RANGE NEW ORLEANS FUTURES.
Open.
d 1
if
Ap.
M’y
12.26
12.26
J’y
12.12
12.12
A’g
11.81
11.83
s-p
11.45
11.45
Oct
11.38
11.38
N’v
D’p
11.39
i’liii
J’n
11.37
11.37
Fb
.|I2.11 (12.16
4il2.23-24 12.26-
.112.17-19(12.18-20
Closed steady.
11.45 11.44-46111.60-62
11.33111.33-34111.39-40
... . .11.33-35111.36-41
11.35 11.34-35111.41-42
11.37 11.37-39111.43-45
111.35-37111.41-43
K. and T
do, pref. ..
L. Valley. . .
L. and N.. . .
Mo. Pacific . .
N. Y. Central.
Northwest.. .
Nat. Lead . .
N. and W. . .
No. Pacific . .
O. and W. . .
25H
60's
159J4
133
37'/ 2
1023/4
115%
30%
13934
2%
35%
167 8
5634
25*4
60%
159%
133
37%
1023/i
Penn 114%
25%
111%
165%
21%
36%
25
MEMPHIS SPOTS.
MEMPHIS, April 19.—The break in
futures has not been responded to by
spots, though the demand is not so
keen. There was some demand in the
latter part of the week from New Eng
land spinners on the best basis of sev
eral months, reflecting the refusal of
holders to concede in line with the con
tract market. The week’s sales were
I 10.500 bales. Crop accounts are favor
able. Planting in the overflowed sec
tions will start a month earlier than last
year.
Pacific Mall. .
P. Gas Co. . .
P. Steel Car .
Reading . . .
Rock Island. .
do. pfd.. . .
R. I. and Steel
do. pfd.. . .
S. -Sheffield . .
So. Pacific.
So. Railway .
do. pfd.. . .
St. Paul . . .
Tenn. Copper . ...
Texas Pacific. ...
Third Avenue
Union Pacific. 153
U. S. Rubber. 64
Utah Copper
U. S. Steel,
do. pfd.. .
V. -C. Chem.
W. Union. .
Wabash. . .
139%
2%
14%
127%
35
119%
16%
57%
8
24%
25
60%
159
133
37%
102%
172%
49%
1053/4
115%
30%
114%
25%
115
30%
114%
25%
111% 111'
26
164%
21%
36%
25
100
26%
78%
109
52%
617%
1083/8
100
26%
78%
109
152%
64
52%
613^
108%
165'%
21%
36%
25
85
31
100
26%
78%
108%
35%
68
35%
152%
63%
623/4
61%
108
33
66
3
By JOSEPH F. PRITCHARD.
CHICAGO, April 19—The wheat
market has drifted into an affair of
the weather, and the State of Kansas
is the pivotal section for controlling
conditions. By following dry farm
ing, Western Kansas has been
changed and at times the crops raised
there are as liberal as in other sec
tions of that great grain-growing
State. Rain is needed at the moment
on the old desert, and a great how! is
being sent lip by the crop-killers be
cause of this fact. In other sections
of Kansas the wheat plant Is the
strongest and best ever seen, and the
same may be said of Nebraska, which
is the second big winter wheat Stare
of the Union. On down the line of
States there is little to discourage the
farmer, as the promise for a bounti
ful wheat crop could not be sur
passed.
There is a better demand for cash
wheat not only at Chicago, but in the
smaller markets of the country, and
while the bulls have held enough
wheat to continue in control they have
been getting out of their lines as rap
idly as possible without driving values
to an abnormally low 7 level.
There are many opinions on the
final ending of the deal In May corn
on the Chicago Board of Trade. Somo
advance the opinion that the Eastern
cotton crowd has disposed of all of
its May corn and that the deal has
dwindled down to small proportions.
The outward movement of corn and
the probability that more of the cash
corn held here w ill be shipped to the
East via the ltkes place the bull
longs in a more secure position than
ever before. With the anti-corner
rule in force, there is no likelihood of
longs forcing prices above a certain
level, but they will probably drive
shorts to cover and secure satisfac
tory results from their long drawn
out campaign in the May future.
Oats are likely to follow in the foot
steps of corn, and hog products will
be largely influenced by the receipts
of hogs at the leading Western points.
Grain quotations:
High.
WHEAT—
May 92%
July 91%
Sept 90 Vi
CORN—
May 56%
July • 56%
Se.pt 57%
OATS—
....I May 35%
- % July 34%
4 Sept 34%
PORK—
* % May.. 20.02% 1
July.. 20.17% :
"■'Sept... 19.97%
• Zb LARD—
- % May. . . 11.2?%
„ 1/. July... 11.17%
£ Sept... 11.17%
% RIBS—
May. .. 11.47%
July.... 11.25
Sept... 11.07% •
NAVAL STORES.
SAVANNAH, April 19.—In a general
revision of the price list based largely
on values at which sales have been
effected recently i*» Europe, the rosins
market at'Savannah, Inactive for 18
/lays, suddenly came to life to-day. The
oaring knife was used unmercifully on
previous quotations.
The breaking of the deadlock was
hailed with joy by the factors, whose
holdings'approximate 16,000 barrels.
The decline which became effective
to-day places the market in its former
healthy position, the higher quotations
having been recognized as inflated.
Turpentine was Arm at the opening
at 39%c tin sales of 50 barrels. The close
was productive of a further advance, the
article closing at 39%@40c on sales of
260 barrels.
Rosins at the close continued in de
mand. The opening sales on a Arm but
lower market were 766 barrels. Receipts
in both markets were very good.
Rosin Firm: YVW-625: VVG-600:
N-580; M-550: K-520; 1-440: H-430; G-425;
K-420: F-415; I)-410; B-405. Sales total
1,646 barrels.
Naval stores statement.
Spirits
Stock April 1 -----
Received to-day .....
Received for month . ..
Receiv'd for season .
Shipments today
Shipments for month
Shipments for season .
Stock today
British Political
Science Smashed
Free Traders Insist Their Cause Is
Hurt Badly by Discrediting
of Old Economists.
. .14,933
506
. . 7.085
.. 7.085
6
. . 4.315
. . 4.315
. .27,703
Rosins.
91,206
1.506
R
20.381
1.350
48,980
48,980
62,607
%
• %
• %
’/a I
%
* %
* %
- %
• %
Low.
Previous
Close. Close.
91%
92
91*8
90 %
914,
90%
89%
90%
89%
55%
56%
55%
56%
56%
57%
56%
574,
56%
35
35%
35%
34%
34 7 k
31%
S4>8
34%
34‘.
.82%
20.00
19.82%
.00
20.15
20.00
85
19.95
19.80
.20
11.22%
11.17%
• 1.2V4
u.iavi
.11.12%
11.12%
.15
11.15
.4774
11 4774
11.45
.22%
.02.%
11.25
11.20
11.05
11.00
NEW YORK COFFEE MARKET.
Coffee quotations:
January. .
February .
March. . .
April. . .
May. . . .
June . . .
July . . .
August . .
September.
October. .
November.
December. .
I Opening. | Closing.
.jll.31 ©11.35111.32<STl733
.! 11.31 @.'11.25 11.33© 11.34
.11.33 lll.34fflll.35
• 10.78(a 10.82
.110.80(010.85'10.83© 10.84
• '10.91 j 10.95 & 10.97
.(11.05(011.08 11.07<a 11.09
.11.15&11.20!11.19@11.21
• 11.26 ill.3lfflll.32
.11.29 lll.31fflll.32
. U.29@ll.35lll.3lfflll.32
• 11.31 lll.32@ll.33
Closed steady. Sales, 18,000 bags.
NEW ORLEANS RICE.
NEW ORLEANS. April 19.—The local
rice market continues to rule quiet but
steady. Quotations on the leading qual
ities are as follows:
Honduras at 40; Japan at 4% to 5%;
3% to 4%: straights 3%. Screenings
2% to 3%; 2% to 3c.
NEW YORK PRODUCE MARKET.
NEW YORK, April 19.—Petroleum
firm; crude Pennsylvania 2.50.
Turpentine quiet; 43 bid.
Rosin quiet; common 5.20(05.30.
Wool firm; domestic fleece 28(030,
pulled scoured basis 40(060, Texas
scoured basis 40@62.
Hides quiet; native steers 16%@19%,
branded steers 15%@15%.
Coffee steady; options opened 3 to 6
higher; Rio No. 1 on spot 11% asked.
Rice steady; domestic ordinary to
prime 4%@6%.
Molasses steady; New Orleans open
kettle 35@50.
Sugar raw firmer; centrifugal 3.30 bid,
muscovado 2.86. molasses sugar 2.61 bid.
Sugar, refined steady; fine granulated
4.20(0 4.25, cut loaf 5.05(06.15, crushed
4 95@5.05. mold A 4.60414.70, cubes 4 45#
4.60, powdered 4.30(04.45, diamond. A
4.35 Ipd. confectioners’ A 4.10(04.20,
Potatoes weak; white nearby 1.70©
2.00. Bermudas 3.50(0 5.50.
Beans firm; marrow choice 5.65(05.75,
pea choice 3.75(03.85, red kidney choice
4.20(0 4.30.
Dried fruits steady; apricots choice to
| fancy 104/12, apples evaporated prime to
fancy 5% (0 8%, prunes 30s to 60s 5% bid.
j 60s to 100s 3%(q 4%. peaches choice to
! fancy 6(07%. seeded raisins choice to
fancy 5%(a6%.
By BOERSI AN ER.
CHICAGO, April 19.—Free traders
insist that their caupe the world over
has been deeply hurt oy the break
down of the British schools of polit
ical economy; by the admitted need
of a thorough reconstruction of that
economic theory.
Free trade is* one of the constit
uents of the dogmas ns expounded by
British economists; so, as the other
component parts have been more or
less discredited, free trade has almost
gone down with the reft.
This is a curious defense. When
a statesman makes one mistake in a
series* of propositions and expositions,
he immediately Impairs his advocacy
seriously. When he makes two, the
case Is quite irreparable. But what
should be said of him if lie were to
be refuted on, say nine points out of
ten? He would be laughed out of
his authoritative position and the re
maining point would not be deemed
worth while discussing.
That is the situation of the British
school of political economy of the last
century; of Ricardo, of Jevons. of
Malthus, of Sadler and indeed of Mill.
They were all invincible free traders.
In their day it did not much mat
ter that their pontifle dicta were now
and then pretty convincingly demol
ished by continental political scien
tists*. It did not even matter that
Sadler on certain phases contradicted
Malthus and that Macaulay contra
dicted Sudler. Sufficient unto the
world were the British in commerce
and finance. They were successful
far beyond other nations, hence their
economists must be right—nothing, of
course, succeeds like success.
Not until protected Germany had
successfully competed with Great
Britain in exports was an important
difci very made; England was a tight
little island whoefe resources were
confined to x'oal. iron and ships; whose
crowded population of 40.000,000 de
pended entirely on the triune men
tioned. Of grains,* cattle, forests—
the cardinal things in commerce—
she was practically destitute.
The Messrs. Ricardo, Mill, Jevons
and the like had necessarily taken
the English viewpoint. They had
not had the faculty of detachment;
they had been thoroughly suscepti
ble to their environment.
Germany’s practical dissolvent in
fluence spread rapidly. Country aft
er country set toward protection and
allowed England to monopolize that
which appeared to be good only for
England. Naturally protection was
carried too far in some countries. It
reached the extreme of being regard
ed as a strictly national policy in the
sense of causing exchanges to be
made exclusively within a country in
stead of having some of it between
countries. Then the reciprocity Idea
germinated.
Foreign protective countries have
very gradually resorted to reciprocity
arrangements as a method of reach-
Currency Legislation
Possible This Term
Regional Reserves Included In Plan
Now Being Worked Out by
Senate Committee.
WASHINGTON, April 19.—A cur
rency bill, embodying a regional re
serve plan, not only is expected to be
presented during the present session
of Congress, but action may be taken
upon it before adjournment.
This is the prediction of Senator
Owen, chairman of the Senate Bank
ing and Currency Committee.
A measure is slowly being worked
out to be known as the Owen-GlaM
bill, which, before being introduced in
the House by Representative Glass, of
Virginia, ranking member of the
House Currency Committee, and in
the Senate by Mr. Owen, is expected
to have the approval of President
Wilson, Secretary McAdoo and promi
nent authorities on currency ques
tions.
It is contemplated to divide the
country into twelve or fifteen regional
co-ordinate units. Each unit would
have a reserve association, and over
all the units there would be a super
vising board of central control, but
not a central reserve association.
On the central board of authority
the Government, as well as the vari
ous units, would be represented.
BIG DROP IN IMPORTS;
EXPORTS FALL, ALSO
WASHINGTON, April 19.—The for-
eign trade of the United States for
March does not compare well with the
trade during March, 1912, according ;o
the Bureau of Foreign and Domestic
Commerce.
Figures compiled by the Bureau of
Statistics give the value of imports
for last month as $155,461,400 as
against $157,577,038 for March, 1912;
the exports during the Rarpe period
aggregating $187,354,559 as compared
to $205,411,462 during March, 1912.
Heaviest Buyer Not
To Re-enter Market
Rosin Factors Thrown Into Confusion
by Inability of American to
Resume Bidding.
SAVANNAH, GA.. April 19.—
Through the formal admission by the
creditors’ committee of the suspend
ed American Naval Stores Company
of its inability to re-enter the open
market as a buyer of rosins, the mar
ket, which has been almost dead for
20 days, Is thrown into a worse state.
This announcement was made at a
meeting of the naval stores factors of
Savannah and Jacksonville. The
members of the creditors’ committee
of the American Naval Stores Cam*
pany were present, and every factor
In the city also was on hand. The
Jacksonville factors were represent
ed by W. F. Coachman, acting for
the Consolidated Naval Stores Com
pany, and D. M. Flynn, representa
tive of the Flynn-Hcrris-Bullard
Company. J. Ward Motte, of the
Producers’ Naval Stores Company,
and president of the Savannah Board
of Trade, presided.
M. A. O'Byrne, president of the Hi
bernia Bank and chairman of the
creditors’ committee of the American
Naval Stores Company, advised the
factors that the American, the affairs
of which are now in their hands,
found it impossible to re-enter the
market for the purchase of rosins.
When the affairs of the American
were taken over by the committee
some weeks ago, the factorage houses
were asked to hold the receipts of
rosins until such time as the difficul
ties of the American might be ad
justed, this being done to sustain the
general quotations. Following the
statement that there is now only the
moat remote possibility of the Ameri
can again becoming a big buyer,
Chairman O’Byrne formally withdrew
the former request.
The factors have decided to hold
another conference Monday, at which
time it is hoped to devise some solu
tion of the question. There is at this
time fully 16,000 barrels af rosins in
factors’ hands.
ing a more liberal policy; and this
is undoubtedly the method of the
Immediate future. Alrpos* all up-to-
date economists regard reciprocity
with favor.
Whether England, in a general
movement toward reciprocity, would
profit more by holding aloof and ac
cepting only the results of lower du
ties as arranged by the other coun
tires; or whether she would gain by
threatening to impose duties of her
own and then entering actively into
the bargaining process—these are the
questions which are now agitating the
English people themselves—the peo
ple among which free trade was born
and for a long time flourished.
It is, however, certain that what
was good for England—so peculiarly
situated—is not good for other na
tions, otherwise situated.
APPLE CROP SAFE.
ASHEVILLE, N. C., April 19.—Not
withstanding the unusual snow
storm* in the mountains of Western
North Carolina, during the past few
days, fruit growers announce that the
apple crop, for the season of 1913.
which is the second industry of this
section of the State, is safe. Ashe
ville had a trace of snow during the
week while Hendersonville reported
four inches. Many of the apple trees,
however, were partially protected
from the w-eather and thia insures a
crop.
The apple industry in Western
North Carolina roaches thousands of
dollars In value annually. The fruit
finds a ready market In New York,
Boston, Cincinnati, Chicago and other
large citiees.
do. pfd. . .
10
W. Electric. .
63/ 2 63/ 2 63/ a
W. Central . .
62/ 2
W. Maryland .
40 /b
%
%
(’"Indicates gain; -indicates loss.)
Total sales, 79,700 shares.
11.73
Closed
. !
11.63
11.71111.63
11.54 11.47
ll.33jll.33
11.30111.26
11.34 11.29
ll.29ill.23
11.32111.32
steady
11.64
11.64
11.47
11.33
11.27
11.29
11.33
11.32
11.63 111.75-80
11.63- 64111.74-75
11.64- 66111.75-77
11.63-65111.74-75
11.47-48111.59-60
11.29- 30111.38-40
11.26- 27111.32-33
11.29- 30 11.30-31
11.23-24 11.30-31
11.27- 29 11.34-36
&
m
LIVERPOOL COTTON.
LIVERPOOL, April 19 —This market
was due to open 8% points lower on
May and 5 to points lower on other
positions, but opened quiet at a net de-
rilra of 5 to 6 points. The market
o wed steady, 6% to 7 points decline
’ on near months and 5 to 516 points low
er on distant positions.
Soot cotton quiet at 7 points decline,
mi/Trlllne 6 84d' sales 6,000 bales, includ-
ftLTofS American bales; imports 5,000
bales, including 2.000 American bales
Port receipts are to-day estimated at
12 000 bales, compared with 11,893 bales
liot wpek and 26,170 bales for the same
w«k fa« 'year, against 6,216 bales for
the corresponding week the year before.
Futures opened quiet.
Opening
Range. Close.
Anpi1 .. ..6.59-6.57 6.58%
A P r !i ;;-.V . 6.58-6.51% 6.54
* .6.55-6.53% 6 54%
‘ .6.55-6.65% 6.52% 6.59%
.6.49-6.47 6.48% 6.65
'..6.32-6.37 6.38
.6.25-6.25% 6.25
'.6.17-6.16 6.16%
6.13%-6.13 6.13%
.* .'6.12% 6.12%
.6.11-6.12% 6.12%
April-May .
May-June .
June-July .
July-Aug. .
Aug.-Sept. .
Sept.-Oct. .
Oct.-Nov. .
Nov.-Dee. •
Dec.-Win .
Jan-Feb. . •
Closed steady
Prev.
Close
6.65
6.61%
6.61
6.44%
6.38%
6.22
6.19
6.17%
6.16%
THE WffATHER.
Conditions.
WASHINGTON, April 19.—The indica
tions are that the weather will be fair
to-night and Sunday over the region
east of the Mississippi River.
Temperature will he low’er to-night
and Sunday in the Middle Atlanta and
New England States, to-night in the
Ohio Valley and lower lake region and
Sunday in the South Atlantic and Gulf
States, except Florida. There will be
frost to-night in the region of the Great
Lakes, the Ohio Valley and the North
Atlantic States.
General Forecast.
.Following is the general forecast until
7 p. m. Sunday:
Georgia— Fair to-night and Sunday;
cooler Sunday.
Virginia—Fair and cooler to-night and
Sunday.
North Carolina—Fair and cooler to
night and Sunday.
Florida—Fair to-night and Sunday.
South Carolina, Alabama, Mississippi
—Fair to-night and Sunday; cooler Sun
day.
Tennessee—Fair and cooler to-night
and Sunday.
Kentucky—Fair to-night and Sunday;
cooler to-night.
Houston.
Augusta. . ■
Memphis- -
St. Louis. ..
Cincinnati.
l ittle Rock
1913.
1912.
2,610
2,590
154
1,112
478
385
3,735
236
289
246
8
7.466
4,577
—^-COTTON _ SEED OIL
Cotton seed oil quotation*-
I Opening. I Closing.
Spot
Ai-nl
May
June
July 7.19!
August •_ ■ • 7 ]8
September ■ • ■ • s 92
October _• ■ 6 69 ,
November
| |7.10®7.18
' 7 £!3(fj 7.12 7.0967 7.12
‘ '7 07(& 7.08 7 08617.09
7.0962 7.14
7.12&7.14
08*7.09
.10® 7.12
.1207.13
!7.]7<B7.18
'7.17ft 7.18
6.92@6.'.i3
;6.65(0 6.89
SPOT COTTON MARKET.
Atlanta, quiet; middling 12c.
Athens, steady; middling 12%.
Macon, steady; middling 12.
New Orleans, quiet; middling 12 7-16.
New York, quiet; middling 12.15.
Philadelphia, quiet; middling 12.55.
Boston, easy; middling 12.15.
Liverpool, steady; middling 6.84d.
Savannah, steady; middling 12%.
Norfolk, steady; middling 12%.
Augusta, steady; middling 12%.
Mobile, steady; middling 12%.
Galveston, steady; middling 12%.
Charleston, steady;. middling 12%.
Wilmington, very steady; middling 12.
Little Rock, steady; middling 12.
Baltimore, nominal; middling 12%.
Memphis, steady; middling 12%.
St. Louis, quiet; middling 12%
Houston, steady; middling 12 9-16.
Louisville, firm; middling 12%.
Greenville, quiet; middling 11%.
ATLANTA MULE AND
HORSE MARKET
(Corrected by the National Stock Yards
Commission Company; C. G. Tur
ner, President.)
Mules.
14 to 14% hands, rough, good ages,
$115 to $130
14 to 12%, finish with quality, $155 to
$180.
14% to 15 hands, rough, $130 to $170.
15 to 15% hands, finish, $180 to $205.
16 hands, with quality and finish, $205
to 1230.
16 hands, heavy chunk, weighing form
1,250 to 1,400 pounds, $255 to $330.
Horses.
Southern chunk horses, from $75 to
$110.
Southern chunk, finish. *110 to $135.
Good driving horses, quality and finish,
ranging in price from $160 to $210.
Heavy draught horses, rough, $160 to
$210.
OUTSIDE SECURITIES.
NEW YORK, April 19.—In the market
for outside securities to-day business
was practically at a standstill, with the
general tone firm. Price fluctuations
for the most part were within narrow
limits. The mining list was slightly
easier, small recessions being shown in
Greene-Cananea. Ohio was firmer.
The Tonopah stocks ruled about steady.
The Silver shares w r ere quiet and un
changed. Close:
Bay State Gas 3 1-16@3%, Br. Amer
ican Tobacco 23% @23%, Standard Oil
10.50® 11, Br. Col. 2% (0)3, 100 Con. Arlz.
%@5-16, Davis Daly 1%@2%, 2,000 Gi
roux 2%@5-16, 1,500 Greene-Cananea
7%@7%, 2,100 Kerr Lake 3%(03 5-16„
100 LaRose 2%@2%, 500 McK. Dar
1 15-16@2, 140 Nipissing 9@9%. 1,504
Ohio Copper 15-16(01, 100 Tonopah Ext.
2%@2%, United Copper %<0%, United
Copper preferred 3%<0>7, Yukon 2 9-16(0
2 11-16.
LONDON STOCKS.
LONDON, April 19.—Although the
fortnightly stock exchange settlement
does not begin until Wednesday of next
week, realizing sales in anticipation of
the settlement gave the market a heavy
tone to-day. Trading was idle. Con
sols closed at a decline of 1-16. Home
rails were % lower.
Discount rates were 3-16 per cent in
Lombard Street, the lowest level of the
week.
Paris exchange on London 1 centime
low'er at 25 francs 28 centimes, Berlin
rate % pfennig higher at 20 marks 47%
pfennig. Rand mines 71-16, DeBeers
21%.
CHICAGO CASH QUOTATIONS.
CHICAGO. April 19.—Wheat, No. 2 i
red, 1.06%@1.09; No. 3 red, 1.00(01.03; i
No. 2 hard winter, 92%@94%; No. 3 !
hard winter, 91(0,93; No. 1 northern |
spring. 93@94%; No. 2 northern spring,
'i^@y3: No. 3 spring, 89(0 91.
Corn, No. 2, 56%<0)57; No. 2 white, j
57% (0 58%; No. 2 yellow, 57(0)58; No. 3, I
55%@56; No. 3 white, 57(0.57%; No. 3
yellow, 56(057; No. 4, 51%@55: No. 4
white, 55%<056; No. 4 yellow. 54%@65.
Oats, No. 2 white, 36%@37%; No. 3, I
33; No. 3 white, 35(0)36%; No. 4 white,
34@34%; Standard, 35%@36.
CHICAGO CAR LOTS.
Following are receipts for Saturday
and estimated receipts for Monday:
Wheat
Corn
Oats ,
Hogs
| Saturday.! Monday
..I
48
44
159
5,000
71
72
96
35,000
PRIMARY MOVEMENT.
WHEAT—
1913.
1912.
Receipts
.. ..494,000
285.000
Shipments .. ..
CORN—
.. ..496,000
269,000
Receipts
339,000
358,000
Shipments
909,000
468,000
The Atlanta National Bank in 1868
EPRODUCED herewith is a Condensed Statement of the Condition of the Bank about two
and a half years after its organization. During the present remodeling of the bank’s quar
ters, this document was found among some old Files safely stored in one of the fire
and burglar-proof Vaults. A careful perusal of the figures affords an interesting compari
son with the last published Statement.
QUARTERLY REPORT OF THE CONDITION OF THE
Atlanta National Bank,
of Atlanta, Georgia
ON THE MORNING OF THE FIRST MONDAY IN APRIL, 1868.
NEW YORK BANK STATEMENT.
NEW YORK, April 19.—Average
statement:
Excess cash reserve, $18,541,600; in
crease, $5,691,500.
Loans, decrease, $9,179,000.
Specie, increase, $6,972,000.
Legal tenders, decrease. $209,000.
Net deposits, increase, $1,126,000.
Circulation, decrease, $610,000.
Actual Statement.
Loans, decrease, $10,786,000.
Specie, increase, $6,517,000.
Legal tenders, decrease, $3,344,000.
Net deposits, decrease, $6,288,000.
Reserve, increase, $4,181,400.
ST. LOUIS CASH.
ST. LOUIS. April 19.—Traders evened
up contracts in wheat to-day and prices
were irregular after some early buying.
Corn futures strong. Cash No. 2 red
wheat 1.09, No. 2 corn 58%@59, No. 2
oats 35.
Futures: Wheat, May 92, July 88%
@88%; corn. May 55%@56, July 56%;
oats, May 33%, July 34%.
LIVE STOCK.
CHICAGO. April 19.—Hogs-Receipts
5,000. Market 5c higher. Choice light
9.20(0-9.30. light mixed 9.10(09.20, prime
light butchers 9.05(09.20, prime medium
butchers S.00@9.15, prime heavy butch
ers 9.05(09.12%, mixed packed 8.90(09.00, ;
heavy packing 8.85(08.95.
Cattle—Receipts 200. Market steady, j
Good to choice steers 8.50(09.05, fair to
good steers 7.25(08.50, fair to choice
vealers 7.75(08.35, heavy calves 7.50(0 :
7.75, feeding steers 7.2i>@8.10, Stockers )
6.50@7.75.
Sheep—Receipts 1,500. Market steady. !
Fed yearlings 7(0 8, native lambs 8(0 8.60, |
fed lambs 8.50(08.75, clipped lambs 7.25
@7.75, native yearlings 7(0 8, feeding
lambs 7.50(08, good to choice wethers
6.40@7, good to choice ewes 6.25(06.50.
ST. LOUIS. April 19. - Cattle—Re
ceipts 200, including 100 Texans. Mar
ket steady. Native beef steers 5.76(09,
cows and heifers 4.50@8.75, stockers
and feeders 5.25(08, Texas and Indian
steers 6.25(0)8.50,. cows and heifers 4@7,
calves in carload lots 5(@6.50.
Hogs—Receipts 3,000. Market strong.
Pigs and lights 7@9.20, mixed and butch
ers 9(09.20. good heavy 9.05(09.15.
Sheep—Receipts 500. Market steady.
Native muttons 6(07.
ASSETS.
Loans and Discounts $ 61,956.75
Suspended debt 16,340.00
Bills of Exchange on New York 141,783.64
Overdrafts 3,045.69
Banking house 10,000.00
Furniture and fixtures 1,116.89
Current Expenses and Taxes 4,739.13
Premiums 2,775.00
U. S. Bonds Deposited with U. S Treasurer to secure Circu
lating Notes LOO,000.00
LT. S. Bonds Deposited with U. S. Treasurer to secure De
posits 100,000.00
City of Atlanta and County of Fulton Bonds 15,500.00
Due from Fourth National Bank, New York ..$62,421.31
Due from other Banks and Bankers 12,064.03— 81,485.34
Cash on hand, viz:
Legal Tender Notes $96,400.00
circulating Notes of other National Banks 34,804.00
Fractional Currency—, 4,970.00
Cash Items 3,192.05— 139,366.05
$678,107.39
LIABILITIES.
Capital Stock paid in $100,000.00
Circulating Notes 90,000.00
Individual Deposits 397,835.89
United States Deposits 27,795.56
Due to Banks and Bankers
Surplus Fund
Discounts $11,767.43
Exchange 2,616.98
Interest 986.89
Profit and Loss 38,413.17—
1,291.47
7,500.00
53,684.47
$678,107.39
MONEY AND EXCHANGE.
NEW YORK. April 19.—Money on call
nominal; no loans. Time loans weaker;
sixty days 4% and ninety days 4% per
cent; six months 4%(04%. Prime mer
cantile paper 5%<0 6 per cent. Sterling
exchange steady with actual business in
bankers’ bills at 4.8310 for sixty-day
bills and at 4.8640 for demand. Com
mercial bills 4.82%.'
BUTTER AND EGGS.
CHICAGO, April 19.—Butter and eggs
held firm. Butter receipts 4,913 tubs,
creamery extras 34, extra firsts 32%@
33, firsts 31%(032, seconds 30@31.
Eggs—Receipts 26,226 cases; ordinary
firsts 17, firsts 17%, prime firsts 19@20,
extra 21, checks 14, dirties 10.
— Heavy draught horses, finish, $210 to
gales 10 ' 800 barrels - * 300 ’
NEW YORK SUGAR.
NEW YORK, April 19.—All grades of
f sugar unchanged. The European beet
sugar market was steady and un
changed at 9s 4d for April, 9s 9%d for
May and 10s for August beets.
Nets occupy strong positions in the
lace and_ embroidery field. Novelty
• meshes leading the list.
I, William H. Tullor, Cashier of the Atlanta National Bank, do solemnly swear that the above statement is true,
to the best of my knowledge and belief. W. H. TULLER, Cashier.
State of Georgia,
County of Fulton.
Sworn to and subscribed before me, this 9th day of April, 1868.
PAUL ROMARE, Notary Public.
45 Years Later
STATEMENT OF CONDITION (Condensed) APRIL 4, 1913.
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, 1,00 to 1,200,
$6.00@6.50; good steers, 800 to 1.000, 5.60
@6.00; medium to good steers, 700 to 850, j
5.25(05.75; medium to good cows, 700 to ,
800, 4.50(0 5.00; good to choice beef cows,
800 to 900. 5.00(0)5.50; medium to good
heifers. 6.50@7.50; good to choice heif- j
era, 750 to 850. 5.00@5.50; medium to;
good heifers, 650 to 750, 4.25(04.75.
The above; represent ruling prices of !
good quality of beef cattle. Inferior
grades and dairy type selling lower.
Mixed to common steers, if fat, 800 to
900, 5.00@5.50; medium to common cows,
if fat, 700 to 800, 4.25@4.75; mixed com
mon, 600 to 800. 3.25(04.25; good butcher
bulls, 3.50@4.50.
Prime hogs. 160 to 200 average. 8.90(0;
9.25; good butcher hogs. 140 to 160, 8.75
a 9.00; good butcher pigs. 100 to 140.
J 35(08.75; light pigs, 80 to 100. 8.00@
8.50: heavy rough hogs, 200 to 250, 8.25
@8.75.
Above quotations apply to corn-fed
hogs, mash and peanut-fattened hogs, j
1 to 1 %c under.
,, Lm
ASSETS.
Loans and Discounts $6,289,673.73
United States Bonds 1,125,000.00
Other Bonds and Stocks 119,235.65
Banking House 800,000.00
Due from United States Treasurer... 50,000.00
Cash On Hand 516,708.23
Due from Banks 1,034,346.07 1,601,054.30
$9,934,963.68
LIABILITIES.
Capital Stock ,...$1,000,000.00
Surplus and Undivided Profits 1,278,621.54
Circulation 953,047.50
Deposits:—
Individual 5,779,387.42
United States 131,432.90
Banks 777,474.32 6,688,294.64
Reserved for Taxes and Interest 15,000.00
$9,934,963.68
Accounts Invited
The reputation of this institution for forty-eight years of successful and satisfactory banking is the strongest evidence
that we y- qualified to render the best possible service.
The' counts of Corporations, Firms and Individuals are respectfully invited.
Atlanta National Bank
ruF
=^=
.r ,;i.