Atlanta Georgian. (Atlanta, Ga.) 1912-1939, May 13, 1913, Image 14

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14 THK ATIANTA CF.OPfHAX AND NEWS. TPBSDA V. MW 15. 101?,. Manufacturers' Materials Brought in at an Unprecedented Rate, Hides and Wool Excepted. WASHINGTON, May 13 -A atalr mpnt given out by Secretary of Com m*»rce Redfield indicates* the quan- lities of manufacturers' materials Im ported Into the Fnited States during the present fiscal year will greatlv exceed the imports of last year and ’he mark of any previous year If the figures for the nine months ended larch, ’913. be any criterion. Of the ten important articles form ing the bulk of the imports of such materials, cotton, wool, fibres, silk, tin, copper, rubber, hides, lumber and tobacco—the imports will, with but two exceptions exceed the former high record mark The quantity of raw cotton import ed during the first nine months of the present fiscal year was over 100,000,000 pounds, as compared with fi6.000.000 pounds the same months iaj*t >car. 163.000,000 pounds of wool, as agHi-at 126.000,000 last year. 318.900 tons of fibers, against 231,000; 20,000,00ft pounds of raw silk against !«. 000.000; 91,000,000 pounds of pig tin againsl 82,000,000. 234,000,000 pounds of copper pigs, bars, etc., against 206.000,000; 87,000.000 pounds of crude India rubber against 81.000,000; 453,000,000 pounds of hidfs and okins against 374,000.000; 818,- <>00,000 feet of boards, planks and deals against 645,000,000 feet and 48.000,000 pounds of 'eaf tobacco against 37,000,000 pounds The only cases in which the im ports for the corresponding period »*f any previous year exceeded the im ports for nine months ended March ’his year were when the imports of hides and skins amounted to 4X.000.000 pounds in 1910. ns against 463,000,000 pounds for this year and when in 1896. 1897, 1905, 1909 and 1910 the import* of wool slightly exceeded the imports of the current year Today’s NewYork Stock Market Below are divert the highest, lowest and last prices of stocks to-day, together with the pre vious close: • Last Sale. 76% 25' , 110 67 32% 38 99'* 32* * 92' „ 30*4 127'* 128*4 32* 89 97'h 239* H 239 * 4 10‘r 10% 63’4 130 22** 151*» ON HEAVY SALES ST. LOUIS CASH QUOTATIONS. Wheat No Corn No. ; Oats No ; .97 fa 106 59% 36% fa 37 «'HICAGO, May 13. May wheat was firm x\ 89*4 fa89%c. as the offerings were small at the opening, and there was some demand from shorts The more deferred month* were off % fa %e and w ere under some pressure Liverpool reported the larger world's shipment* and favorable European crop pros pec Ik bh offset by smaller Manitoba offering* and the stronger feeling for Indian and Plate wheat. Northwestern receipts were considerably in excess of a year ago, also the receipt* at Win nipeg The European visible supply showed a small increase There was little change in corn and oat*. hut both of these markets were the smallest fraction lower. The mar- <ds °f the Old World were quite dull for corn. There was a stronger feeling for hog* at the yards, hut the provision situation wa* dull and without any change early CHICAGO GRAIN MARKET. Grain quotation* High WHEAT May.. July... Kept. CORN — May July Sept OATS — May July Sept PORK— May •i uly Sept LAR1> May 10 92 July. .. 10 80 Sent 10.87 RIBS— May. U.50 July . 11.0 Sept 10 90 89% 89% 89% 56 % 56% 67 37% 36% 36 % 19 62* 19.35 19 10 '2 4 89 88% 88 4 65*4 65% 564 374 36% 36% 19.50 19.30 18.95 10.924 10.774 10 80 11.424 10 974 10 85 Previous Close, ('lose 89 89% 88% 89% 884 89 4 66% 66% 55% 56% 56% 57 Stock quotation*: STOCK— High. Low Ama». Copper. 75* * 74* 2 Am. Ice Sec. . 25* H 25* n Am. Sug. Ref.. 110 ’09 Am. Smelting. 67 66 Am. Locomo.. 32% 32% Am. Car Fdy.. • ■ ■ Am. Cot. OH.. Anaconda 38' 4 Atchison . . 99% A C. L. American Can 32% do, pref. 92% Am. Beet Scg. 30 ?_ Am. T.-T. 128* 4 Am. Agrlcul... Beth. Steel 32’ 4 % B. R. T. 89% B. and 0 97% Cah. Pacific. . 241 Corn Product* 10% C. and O. . . 64* ? Con*ol. Gai 131% Cen. Leather.. 22% Colo. F. and I. D. and H. ... 151* 2 Den. and R. G. Distil. Secur.. Erie . 28* 7 27% do, pref. . 43 43 Gen. Electric 138 138 G. North, pfd. 126% 126* „ G. Nortn. Ore Int. Harv. (old) Illinois Central 114* 4 113 Interboro 14* H 13% do. pref. 49 49* } K. C. Southern M. , K. and T. Lehigh Val. . .154* 2 163* 4 L. A N. . . Mo. Pacific . 35 N. Y. Cen. . . 99% N’weatern .129% Nat. Lead 47 N. A W. . . 105% North. Pac .114% Ont. A West. Penn. . . 111* « Pac. Mall . . Peo. Ga*. Co. . 108% Pres*. Steel C. Reading ... 160% Rock 1*1. . 20 do. pref. . . . 32* 2 R. I. A S. do. pref Slo * Shef. . . . So. Pac. . . .96% So. Ry 24* ,, do. pref. St. Paul . .107 Tenn. Cop. . Tex. Pacific Union Pacific 149* 2 U. S. Rub. Utah Copper 52 U. S. Steel . 60* 4 do. pref 106* 2 V. -C. Chem. 26% We»t. Union 654 Wabash 3* 3 do pref W’house Elec.. 62 Weit. Md. Total sal6s, 189.000 32’/ A 92% 30* 2 32* 89* 97% 64* | 131% 22 4 161% 28* ; 43 138 126'% 114* i 14* 8 49* 2 154% 35 994 34% 98% ~ „ 129* 2 720* 2 47 47 105* 4 105* 4 113% 114% 110% 110% 108 4 108*4 159 19 160 « 20 32' 8 32% 95', 24' 96 24* 8 106107 147% 149 4 51% 52 59 60 105% 106* 4 26 26' 2 65*4 65 4 3* b 3* * 62 62 Prev. Close. 74* 2 24 109 66* 2 32 48 42* ^ 37% 99% 120* 2 32% 92% 29% 127% 49% 32% 89 241 10% 63% 130 22*4 30* 2 151% 19 15* 4 28 42'/2 137' 2 125% 34 103 113' 4 133 4 49 23 23* 2 163% 130% 34% 98% 129* 2 47 105 113% 28% 110% 21% 108 24*4 159% 19% 32% 23 81* 4 29 95 24% 75% 106' 2 34% 15 148* 4 61% 51% 59% 105' 2 26 65 3 9% 61 39* R Recent Buyers Liquidate on News of Good Rains and Bearish Weekly Weather Report. NEW YORK, May 13 Firm rabies, '* >11 pled with bullish weather reports, caused an upturn <»f from 3 to 4 points at the opening of the cotton market to day After the rail, however, traders i Hold and in < onsequence of the orders, most of which came from profit-takings, the list dropped several point*. Sentiment was mixed. The* early strength in the market was attributed to short covering by Wall Street operators This buying was bagecI upon Hie failure of lhe map to show rains. The official weather map showed a few rain* in Georgia, the other Atlantic* and Alabama and much lower temperatures in North Carolina. This caused rather free offerings from the ring and selling by recent buyers, which was said to be profit-taking. Prices dropped 3 to 6 points from the opening range, with the exception of May, which held steady at the opening quotation. It is said those who covered short lines during the past few days will put out these short lines again if there are in i h<- ECastein belt within the next twenty-four hours. The bear* ex- pics* the belief that the dry May makes it apparent that the crop will have a j good start and they are not inclined to put much confident e Iri the talk of dam age of the excessive dry weather. The weekly weather report issued at noon was construed as bearish, with the exemption of Georgia which shows the larf <»f moisture Texas shows the ef fect of cold nights, but not seriously. During the afternoon session the mar ket was under* selling pressure, based upon the weather report and May dropped 6 points, July 7, October 8, De cember 9 and January 7 points from the initial level. The buying was light and scattered. At the close the market was steady with prices at a net advance of 5 to 7 points from the final quotations of Mon day. 1 ollowing are II a. m bids in New York: May, 11.52; July. 11.67: August, 1 M3; October, 11.08; January, 11.07. Following are 10 a. in. bids In New Orleans May. 12.28; July. 12 07. Au- ist. 11.65; October, 11.21. Estimated cotton receipts: Tuesday. New* Orleans . . 3,800 to 4,500 Galveston 2.000 to 3,000 374 35% 35% 37 4 364 36 19 62% lit.37% 19.30 19.22% 19.07% 19.05 10.92% 10 87% 10 80 10.77% 10 85 10.80 11.60 11.42% 11.02% 10 97 V, 10 90 10 87% PRIMARY MOVEMENT. WHEAT— Receipts . . Shipment* 1 1913 CORN— Receipts . Shipments | 1912 1186.660 460.000" 941,000 I 398,000 __ l__ 765,000 622.000 410.000 306,000 CHICAGO CAR LOTS. Following are receipts for Tuesday and estimated receipts for Wednesday: esday. Wedn mis? Wheat 34 30 Corn 223 90 Cats 254 139 12.000 30.000 PORT RECEIPTS The following table shows receipt* at ’hp ports to-day compared with the c * me day last > ear 1913. 1912. New Orleans 2,798 1.972 Galveston 2.456 1,766 M tbile . . 289 466 Savannah . . . . 1.397 2.963 Gharleston 693 118 Wilmington .. . 1 29 9 Norfolk . . 1.502 696 New York 25 Boston 515 130 Philadelphia . . Pacific Coast 109 2.144 Various 311 Total . . . 11.872 8.395 INTERIOR MOVEMENT. 1913. 1912. Houston . . . . 1.782 1.072 Augusta 290 209 Memphis 947 1.690 St. Louis . 1 233 244 Cincinnati 603 485 '.ttle Rock 79 Total 3.855 3.776 NEW YORK COFFEE MARKET Coffee quotations: Opening Closing January. February. March. April. . . . May . . . June . . July. . . August. September. October. . November. December 11 58fall.61 11 ,60ft 11.61 11.60fall.63 ll.6O011.tfl 11.61 11.63 fa 11.64 11.61@11.65 U,63ft11.64 11.25 11.26011.28 11.38ft 11.38 11.33 % 11.35 11.41 fa 11.42 11.40 a 11.41 , 11.504 11 51 11.60 11.605x11.61 11.5i'fa 11.61 11 59 fa 11 61 11.58 11.59 fal 1 60 11.59 111. 59011.60 Sales. 36.000 bag - Pool Manipulation of Copper and Consolidated Gas Also Credited With Causing Strength. By CHARLES W. STORM. NEW YORK. May 13. Central Rail- toad of New Jersey was again the weak est feature of the list at the opening of the stock market to-day. declining 1 point to 295 on continuer! reports of a threatened Government suit. This was a drop of 25 points since the close Sat urday Most of the other stocks were up. Amalgamated Copper began % higher, but soon losl the gain Southern Pa cific acted similarly commencing with a gain of %. but losing it and making a fractional decline within a half hour Vlrglnla-Carolina Chemical, which has been under pressure for some time, lost 4 1'nion Pacific commenced at 148% for a fractional gain, but soon declined, losing % Ganadian Pacific lost 1%. although it was strong in London on earnings re ports New York. New Haven and Hartford and Northern Pacific gained fractionally I nlted States Steel corn mon opened at 59 4. unchanged from Monday. Pennsylvania road shaded % Erie lost the same amount The curb market was steady Americans In London showed a cau tious tendency on the part' of traders A strong tone prevailed in the last hour, most issues making satisfactory gains Amalgamated Copper crossed 75 for a gain of % over the noon level, while Pnlted States Steel crossed 60 for an advance of %. Canadian Pacific was under some pressure and shaded fractionally. Si Paul. Southern Pacific ami 1'nion Pacific made gains. Stocks closed strong Government bonds unchanged; other bonds firm. MINING STOCKS. BOSTON, May 13 -Opening; Alaska 11, Granby 63, Fruit 154%. Wolverine 51, North laike 1 BAR SILVER. NEW YORK. May 13. Commercial bar silver 61c. Mexican dollars 48c LONDON. Ma\ 13 Bar silver steady at 28 8-16d. l*p 3-16d. THE WEATHER. Conditions. WASHINGTON. May 13. -I'nsettled, howerv weather will continue to-night over Western half of the country ex cept from New York through the Caro iinas, where there probably will be • ttle or no rain It will be somewhat oiler in the lower lake region and New England. General forecast until 7 p m Wed •day: Georgia Showers to-night ami Wed nesday 1912 916 1,855 RANGE IN NEW YORK FUTURES. 3 1 My Jn Jly Ag Spt < )c Do Jn Ml Closed steady 11. 54 11 571 11 48 11 .49 1 1 45 -47n |1l. 65 11 .65! 11 65 1 1 .65 11 .53- -55; 1 11 .68 11 .71 11 .68 11 .59 1 1 .58 -59 1 11. 44* 11 47 11 35 11 .35! 11 .35 -36 1 11 16 11 16 11 16 11 .16 n .06- ■081 11. 10 11 .11 10 .99! 1 1 .01 11 .00 ■01|1 II. 11 11 13 11 .00 1 1 .02 11 01 -0211 11 ,09 11 .111 10 98 10 .99 10 .98- -9!li 1 11 .17! 11 .17! 11 .08 I 1 08 11 .07- -08 i 11.Bi ll.60- 11.64- 11.40- 11.12- 11.06- 11.07- 11.05- 11.12- LIVERPOOL COTTON MARKET. LIVERPOOL. May 13 ''Tils market was due to open 2 to 3 points higher to day. but opened steady, with prices at a net gain of 4 to 5 isdnt* over Friday's close. At 12:15 p. m . the market was quiet and stead\, with prlees 4% to 5 points higher. Fair business doing in spot cotton at K points advance, middling 6.76d; sales 8.000 bales, including 7,600 American; imports. 9.000 bales. Including 8,000 American This market will be closed Friday, May 16. and Saturday, May 17. At the close 1110 market was steady with prices showing a net gain of 4% points from the closing figures f last Frida > . Futures opened firm. Opening Range. 6.50 6.49 -6.46 V 6.46 6.42 6.32 6.19 May , May-June . . June-July . . July-Aug. . . . Aug.-Sept . . . Sept.-Oct. . . . Oct.-Nov. . . . Nov. - Dec. . . Dec.-Jan. . . Jan.-Feb . . Feb.-Mch : . Mob.-Apr. . Closed steady Prev. Close Close 6.60 6.44% 6.49% 6.44 6.46% 6.46% 6 41% -6.42% 6.42% 6.38 -6.32% 6.32% 6.28 -6.18% 6.18% 6.14 6.11 % -6.11 6.11 6.06% 6 08 6.08% 6.08 6.03% 6.07 -6.07% 6.07 6.02% 6.06%-6.06 6.06% 6.02 6 0S 6.07% 6 03 6 08 6.08% HAYWARD A CLARKS DAILY COTTON LETTER N E VV O R LE A NS, May 13 Europe apparently was treated to bad crop news which led to a strong Liverpool, with futures 3 to 4 points better than due. Political news is worse, reporting that almost a state of war exists between Greece and Bulgaria, with actual fight ing. the Bulgarians a Hacking Greek posts anti wounded arriving at SaJoniki. Correspondence from Liverpool shows bearish views as to Hie ultimate course of prices. Imp opinion is in fnvor of waiting around 6 pence for a while un it more is known about the crop de velopment. The strength of July in New York is still pulling the New Or leans market up, but lack of confidence ; shown by restricted support Current damage reports are regarded as acces sory to professional attempts *1 the ort Interest ami faith In the establish ed record of the benefits of a dry May idi predominates. The greater part of Alabama has had enough rainfall to start the replant, ami official records show that sufficient showers fell over a considerable terri tory of Georgia. The Savannah dis- i i shows seven stations with an av erage of half-inch over night. The contract market Is dull but steady around 11.18 for October. NEW ORLEANS COTTON. G ~ * o J H My Jn Jly Ag Sp Oc Nv TV In Fh Mb Cl. ,12,30 12.31 12.27 12.27112 ! : j 12 12.08 12. IP 12.00 12.02:12 11.67 11.71j 11.61 11.61111 li. 20 11.24 11.13 11 16111 Ill 11.30 11.23 11 12 11.16.11 11.26 11.26 11.16 11.16*11 ■ 11 I 1 1 >11 >sed steady SPOT COTTON MARKET. I U 23 06 02 62 15 15 .14 17 15 23 25 1 08! 03'12 63 11 29 11 16111 17 11 15 11 18 11 I7ill Atlanta, quiet; middling 11% Athens, steady; middling 11V Macon, steady; middling 114. New Orleans, steady: middling 12 5-16. New York, quiet: middling 12.10 Philadelphia, quiet; middling 12 20 Boston, quiet; middling 12.10. Liverpool, holiday. Savannah, steady: middling 12c. Norfolk, firm: middling 12c Aufrusta. steady: middling 12c. Mobile steady; middling 11V Galveston, steady; middling 12 3-16... Charleston, quiet; middling 11V Wilmington, nominal. Little Rock, quiet, middling 11% Baltimore, nominal: middling 12%. Memphis, quiet; middling 12%. St. Louis, quiet; midtiling 12% Houston, steady; middling 124 Louisville, firm; middling 124 Greenville, quiet; middling 11% Charlotte, steady: middling 11%. MONEY AND EXCHANGE. NEW YORK. May 13 — Money on call 2%fa3 per cent Time money unchang ed; 60 days. 3% fa 4 per cent; :*0 da>s 4. six months, 4 4 fa 4 % Posted rates Sterling exchange. *J >0 ! L83%fa4 87 with actual business In , HV bankers' bills at 4 8615 for demand and * une v sofa 4 $285 for 63-day bils Prime mercantile paper unchanged. BRADSTREET'S VISIBLE. COTTON SEED OIL. Cotton seed oil quotations: < opening July ] August ^Hiite City Park Now Open Closing. 6 85 fa 6.99 6.91 fa 6.92 6 90 fa 6.93 6 91 fa 6 92 6 98 fa 6.9T fa 7 93 6 99 fa 7 oo fa 6.72 6.68fa 6.69 fa ‘ 5 h.JSfa 6.11 fa 6.36 34 . . 6.00 8.500 barrels. 6 92 fa 6.93 6.91 fa 6.95 6.9547 6 96 7 00fa 7.03 7 01 fa 7.03 1:: -H-K-H-l-l-H-I-H-i- -> HE IS JUST STARTING Bmaa This Is a Good Time To Enter % Timid boy and girl contestants are asking us, every day, if it is too late to enter this contest for free Shetland pony outfits. Our answer is that now is the right time. The “too late” period will be here before we realize it, though, and every boy and girl who wants to compete for one of these splendid outfits is urged to send in a nomination blank bv to-day’s mail. ••• v • . . i'.'i: < * ' ' -s ' * =— ..... ' ■- '— — 1 —— - — v ~~—■ >1-'IT1 r- - - jf-vd WOULDN’T YOU LIKE TO OWN THIS OUTFIT? And wouldn’t your enjoyment from its use be doubled if your own efforts had earned it for you ? Certainly! And this delight is ahead for the winners in this great contest. Why not send your nomination blank to-day, and make an effort to be among the winners? OOOOOCOQOOOOQQGOOQOQOCXXX50000COOOCC C*><X5QC»0000000000©G000©00 OOOOOOC I nominate, as a candidate in The Hearst’s Sunday American and Atlanta Georgian Pony Outfit Contest: Name Address I This Nomination Blank Starts You With A Thousand Votes Nominated by Address GOOD FOR 1.000 VOTES Only one nomination blank can be voted for any contestant. ©OOOOOOOOOOOOOOOOOOOOOOOOOOCXXSOCXJOOOOOOOO Subscription blanks and printed instructions for the use of contestants are now ready. Sent anywhere on request. To-day’s Vote Coupons appear on Page Two of this newspaper-—Ask your friends to save the Vote Coupons for you. They will be found in The Georgian every week day and in every issue of Hearst’s Sunday American. Address all inquiries, nomination blanks, vote coupons, etc., to PONY CONTEST EDITOR Hearst’s Sunday American and Atlanta Georgian 29 East Alabama St. ATLANTA, GA.