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

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NEWS 1 14 THE ATLVXTA C VORCITAX AX Tl’KSDAY. AT A A* 13, 1013. ALL FISCAL MARKS Manufacturers' Materials Brought in at an Unprecedented Rate, Hides and Wool Excepted. WASHINGTON, Mai 13 \ st ill mom given out by Secretary of Com merce Redflold indicate ■ the quan- of manii f i nr* r - iyi <; * r iru ported Into the United States during Today’s New York Stock Market the present flscr.: y.-jir will gnat!' exceed the Imports • ■: last y*;ir and the mark of any previous year if th<* figure.” for the nine months ended March. 15413. be any criterion Of the ten important article? form ing the hulk 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 th* first nine months of the present fiscal year was over 1O0.000.000 pounds, as compared with ofi.ooo.ooo pounds th«- same months laMt year; 163,Ono.ooo pounds of wool as against 126,000,000 last year. 3I8.0OO tons of fibers, against 231.000; 20.000.000 pounds of raw silk against 10.000.000; 91,000,000 pounds of pig tin against 82.00U,000; 231,000.000 pounds of copper pigs. liars, ft against 206,000,000; 87.000.000 pounds of crude India rubber against SJ.OOO,000; 4*>2,000,000 pound.- of hides and vkins against 374.000.o00; 818.- OO0.O0O fee t of hoard*, planks and deals against 64u.000.000 feet and 48.OOo.oou pounds of 'eaf tobacco against 37.ooo.uoo pounds. The only cases in which th> im ports for the corresponding period of any previous year exceeded the im ports for nine month's ended March this year were when the imports of hides and skins amounted to 48,000,000 pound” in 1910. as agiinst 453,000.000 pounds for this year and when in 1896. 1897, 1905. 1909 and 1910 the imports of wool slightly exceeded tin- imports of the current year. GRAIN ST. LOUIS CASH QUOTATIONS. Wheat—No. '-red !*7 (ft 1 Corn—No, 2 53H. Oats—No. 2 36 Kmti CHICAGO, May 13 May wheat was fiitn at 89*4 f 't 89 T *<. as the offerings were small at the opening, and there was some demand from shorts. The more deferred months were off ' 4 ft;V and were under some pressure Liverpool reported the larger world's shipments and favorable European crop prospects as offset by smaller Manitoba offerings and the stronger feeling for Indian and Plate wheat. Northwestern receipts were considerably In excess of a year ago. also the receipts at Win nipeg The Kuropean visible supply showed a small increase. There was little change in corn and oats, but hath of these markets were the smallest fraction lower. The mar- K*ts of the Old World were quite mill for corn. There was a stronger feeling for hogs at the yards, but the provision situation wa ‘ dull and without any change early CHICAGO GRAIN MARKET. Crain quotations; High. Low WHEAT May July Rept CORN- May July Rent OATH—- May July Sept . PORK- May . p- .luly. ... in Sept l! 1 LARI) Ma\ It July ... it Sept ... n KIBS- Mav July Sept Previous t 'lose. Close. 88 « a Below ap‘ <ri\ (11 tl p iii"lips lowest and last price* of stocks 1 o-day, totfether wit) the pre- vious close : Lant Prev. STOCK— High. Low. Sale Close. Amil. Copper. 75' * 74' 2 75' a 74 1 Am. Ice S«c. . 24 Am. Suq. Ref.. 100' H 109 109 * 8 109 Am. Smelting 67 66' , 67 66' 2 Am. Locomo.. 32 / « 32 7 8 32' h 32 Am. Car Fdy 48 Am. Cot. Oil.. . . 42' 3 Anaconda 28' * 38 38 37 Atch'son . . 99 A. p. L 120' American Can 32 a fc 32' „ 32'm 32' 4 do. pref. 92'*i 92’>» 92% 92' 4 Am. Beet Sufl. 30 ? 30' ? 30/2 29 Am. T. T. 128' 4 1271, 128 4 127' 2 Am. Atjricul 49' 4 Beth. Steel.. 32* 4 32' a 32'/« 32' 4 B. R. T. 89 89'*,; 89 B. and O. 97' 8 97% 97 7 a Can. Pacific . 241 240' 4 240* :1 241 Corn Products 19 V. 10% 10% 10' ft C. and O. 64 , 63'4 64' 2 63* 4 Consol. Gas . 131 7 H 130 131% 130 Cen. Leather... 22 1 * 22H 22% 22' 4 Colo. F. and 1. 53 C D. and H. . . 16U? 151' 2 15V * 151' s Den. and R. G. 19 Distil. Secur 15' * Erie 28 4 277' 8 00 »■ 28 do. pref. 43 43 43 42' Gen. Electric 138 138 138 137' G. North, pfd.. 126 1 ? 126' 4 126'/ 2 125 7 G. North. Ore.. . 34 Int. Harv. (old) 103 III. Central . 113 113 113 113' Interboro 14 1 H 13% 14'/ a 13 ‘ do. pref. 49 K. C. Southern 23 M., K. and T. . 23'/ Lehigh Valley . 154 153'/ 4 154 153'/ L. & N 130*4 Mo. Pacific . . 35 34% 35 34G N. Y. Cen. . 99* 8 98' 8 99% 98* N ’western . . . 129* £ 129' 2 129' 2 129' National Lead 47 47 47 47 N. & W. . 105‘ b 105' 4 105% 105 N. Pacific . 114 113% 113% 113' Ont. & West. 28' Penn. . . . 1111 * 110*4 111 110^ Pacific Mall » 21% People s G. Co. 108 Press. St. Car 24' . 24' 2 24' 2 24% Reading . . 160' H 158% 159 7 8 159'/a Rock It!. . . . 19'k 19% 19% 19% do. pref. ... 32's 32' „ 32', a 32% R. 1. & S 23 do. pref 81' 4 Sloss Shef. . . 29 So. Pacific . . 95 1 .! 95' „ 95 » 4 95 So. Ry . . . . 24' .. 24' 4 24% 24% do. pref. . . 75 7 a St. Paul . . .106>b 10S »* 106% 106' Tenn. Cop. . . 34' a Tex. Pacific . . 16' 8 16' 8 16' 8 15 Union Pacific 149 147% 148 j 4 148,4 U. S. Rub 61'/ 2 Utah Copper . 52 51 '4 51 3 4 51% U. S. Steel ... 60 59 595-a 59' B do pref. . . . . 105 * 105-' 4 105'4 105' ' a V.-C. Chem. . . 26 25' 4 26 26 West. Union 65 Wabash 3 do. pref 9’ W’house Elec 61 W. Maryland 39'/, STOCKS COTTON (>KK. May 13 illi bullish wca upturn-of from ting of the cotto r the call, how 10 Ml 10.85 11 02 4 10.97 1 * n.02 : 10.540 10.85 10 90 PORT RECEIPTS. 10.87 Vi ‘ . 10.80 11.42 4 10 5'7 4 10.87Vt The following table shews receipts at tie ports tn-riav compared with the same day last year: New Orleans Galveston . . Mobile Savannah . . Charleston Wilmington . . Norfolk New York Boston Philadelphia Pacific Coast Various Tuial 11,872 8.3'da INTERIOR MOVEMENT. 1913. | 1912. Houston 1.78'J j 1.072 Augusta '.•‘He ' 20!» Memphis .... 1*47 1.690 St. Louis 23.3 244 Cincinnati . . *>‘G 4 8.'. L’t tie Roc k Total ... _ S.855 3.776 it ions turn COTTON MARKET OPINIONS. Norman Mayer * Co t mil yo.,<l rams in Atlantic's, t-xpect nervous mar kets; probably working upward. Sternberger. Sinn & c.. Th, short Interest has mu «1ocreased ’o any great extent and this should tend to sustain pi ees. Miller Co. Unless for the worst, we look for lower pric I>jg»n <8- Bryan General conditions • re not of a niMure to create enthu siasm on the long ide of cotton Atwood. Violet* &- Co : We would avoid the short side of July at present loiter months., however, we believe should be sold on any further ralh Hayden. Stone Ar Co. Cntil ' good rains come in the Atlantic? there will be nothing to induce short selling. LIVE STOCK MARKET. CHICAGO. May 13 Hogs Receipts 12.600. Market strong Mixed and butchers $8 25ft/8..V . good heavy $8 2f>fti 8.45, rough iiea\ j $8.05fti X 20. ligl t 'V 8 52. pigs $6.64)ftx8 15. bulk $8.4 4Uei X Cattle—Receipts 100. Market steady f eeves $7.15(&8 00. cows and heifers :• 8.26. Stockers and feeders $6.00ftj7 75. exans $6 25fti 7.75. caives $7 00ft - Oo Sheep—Receipts 14,060 Market steadv Native and Western 94.75&6.50. lambs H 76fii8 50 ST LOCIS. May 13 —Cattle Receipts. 3.000, including 700 Southerns; market steady Native beef steers. $5.75fu f «•«; cows and heifers. $4.50fti8.75; Stockers and feeders. $5 Avffi 8.00: calves. $$'0 9.75: Texas steers. $6 7.50; cow s and heif- ers. $4fft$7: calves. 35fft6 50 Hogs: Receipts. 8.500: 5c lower Mix- e* t8. 40ffi 8.57U g«>-id. 38 40ft/8.54- m $7 76©8.00; light. $8 45ft/ 8 60: pigs. *7 06'-/ 8.00; buik. $8 454x8.56. Bheep: Receipts. 3,000; market sieaoy muttons. $5.00ft/ 7.00; yearlings. #7 OOfti 8 00; lambs. $7.000 8 25. By C4HARLES W. STORM NHW YnUK. May 13 Central Rail- nun! of New *.At scy was again the weak est feature -*f the list at the opening of the stock market to-day. declining point to 21*5 on continued reports of a iht eat* tied <»ov»-rnnient suit. '1’his was a drop of 25 points since the close Sat urday* Most of the other stocks were* up Amalgamated Copper began 1 4 higher, but soon lost the gain. Southern Pa cific acted similarly, commencing with a gaiti of 'V but losing tt and making j 1 fractional < - - urn- w ithin Half hour Virginia-Carolina Chemical. which has been under pressure for some time, lost •aclfic commenced at 148 ; Si nal Main, but soon declined, l 'nion for n fracti losing V Canadian was strong it ports. New Hartford and Pacific lost IV although it in London on earnings re- York. New Haven ami Northern Pacific gained *d fractionally. Vnitod States Ste nton opened at .V V unchanged from Monday. Pennsylvania road shaded Vs. Kric lost the same amount The curt) market was steady. Americans in London showed a cau tious tendency on the part of traders. MINING STOCKS. BOSTON. May 13 Opening; Alaska 11. Granby 63, Fruit 164‘t. Wolverine 51, North Lake 1. BAR SILVER. NEW YORK. May 13. Commend bar silver file Mexican dollars 48c LONDON. May 13 Bar silver stead at 28 3-16U. Up 3-16/1. THE WEATHER. Conditions. WASHINGTON. May 13. Unsettled, diowery weather will continue .to-night river Western half of the country ex- ept from New York through the Gar** liras, where there probably wyi be :t!e or no rain Ii will be somewhat ler in the lower lake region and •w 1 ingland General forecast until 7 p. m. Wed- Showers to-night and Wed- . P Morgan ha su- % o» tied his fath er on two Vanderbilt roads. The financing of the Central system is :» harder (ask to-day than it used to be. The New York Cen tral no longer occupies a proud place at the pinnacle of American railroad properties. Its stock is be.ioVv par. And its treasury is gapingly empty. It will require all the Morgan firm’s ingenuity to devia* ways and r: -'aus of r; *- ing the scores of millions needed d on put tin financial "here is tnote money in being bank er for an impecunious road than an opulent one. Any one could float Lackawanna securities, but a good banking name is needed to dispose of second rat* stuff. The Morgan house mad*- millions from reorganizations — Wall Street used to call hbn Doctor Morgan. s*o many operations did he -'erform on sick .aiiroads. Kuhn. Loch <Y list dm 'raiment dlof Ing me from »2; July, 11.08; .1 Wall map . ot her New Orleans .. . 3,800 to 4,5 ■ lalventon 2.000 to 3,0 The early strength In the in attributed to short covering Street operators. Phis bu based upon tin* failure of tli show' rains. The official \ve« showed a few rains in Georgia. Atlantic’s and Alabama and much lower temperatures in North Carolina Thqj ratified ratlin free offerings front the ring and selling by recent buyers, which was said to be profit-taking Prices dropped 3 to 5 points from ibo 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 d out these short lines again rains in the Pastern belt next twenty-four hours. T! press the belief that the dry n apparent that 1 he croi good start and they tire n put much contid age of the < xcC The weekly w 11 put I vill if there within the | te bears ex- May makes w ill have a ot inclined to in the talk of dam- * •r report issued at I is b« a fish, with t in j exception of Geuig ji. whic h shows D •* lack of moisture Texas shows the ef ieef of cold nights, hut riot seriously. | During the afternoon session the mat - i U* 1 w a - under- I ( veiling . ■ 1 r r I»a - e l upon the weatiier report and May j dropped 6 points. July 7. October 8. I>• • - 1 cember 9 and January 7 points from the initial level. The buying was light and scattered. NEW YORK COTTON. Quotations In cotton futures: j i "j jLttstl Prev. lOpenlHlghlLowl Sale] Close. May . . . |11.64|11|57|11.48111.48111.51-52 June . . ! | jll .60-62 July . . .11.68|11 .7111 .59(11.62|11 .64-65 Aug . . .11.44 11 . *7|11.36 1 1.36 11.40-41 Sc pi. ... 1 I .16,1 I . 16.1 1.1611.1611. 12-14 • >et . 11.10 11.1111.01 11.0111 .06-07 Dec . . .11.1111. 13111 .02 11 .01 M .07-08 Ian. 11.09 11 . 1110.98 11.00 11,05-06 Mch. 11.17 11 .17|11.0»|11.09 11.12-14 LIVERPOOL COTTON MARKET. LI VICK POOL, May 13-This 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 points over Friday’s close-. At 12:15 p. in., the market was quiet and ste ady, with prices 4 C to 5 points higher. Fair busine ss doin^ in spot cotton at X points advance; middling 6.76ei; sales 8,000 bales, including 7,600 American: iipports, 9,000 hales, including 8,000 American. This market will be closed Friday, May 16, and Saturday, May 17. At the close the market was steady with prices showing a net gain of (’w 't’iV-fe points from the closing figures »f hist Friday. Futures opened firm. Opening. Prev. Range. Close Close. .6.50 6.50 6.44 V** .6.49 -6.4644 6.49V4 6.44 .6.46- 6.46Vi 6.46 Vs .6.42 " . 6.32 .6.19 May . . . May-J tine June-.fuly July-Aug Aug.-Sept Sept.-Oct. ()et.-Nov. Nov. -1 >ec. Dec.-Jan. Jan. - Feb Feb.-Mch. Mch.-Apr. . Closed steady 6.42 Vi, -6.32V* 6.32V2 6.28 -0.18V* 6.IRV3 6.14 .6.11 Vi-6.11 6.11 6.06 V .6.08 6.08 Vi 6.08 6.03 ‘ .6.07 -f>.07 1 ^ 6.07 6.02V .6.06R;-6.06 ” 6.00 V- 6.02 .6.08 " 6.07 >2 6.03 .6.08 6.08 Vi HAYWARD & CLARK’S DAILY COTTON LETTER NEW ORLKAN8, May 13 Kuropr aplHirently was treated to bad crop news which led to a strong Liverpool, with ft.lures 3 to I points better than due Political news is worse-, reporting that almost a stale of war exists between Greece and Bulgaria, with actual fight- ng. the Bulgarians attacking Greek po-ts and wounded arriving at Sahmiki. Correspondence from Liverpool shows bearish views as to the ultimate course of prices, but opinion is in favor of waiting around 6 pence for a while tin- I more is known about the crop de velopment. The strength of July in .*■ w 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 attempt# at the at interest and faith in the establish ed record of the benefits of a dry May d predominates. The greater part of Alabama has had enough rainfall to start the replant, and official records show that sufficient showers fedl over a considerable terri tory of Georgia. The Savannah dis- ict shows seven stations with an av erage of half-inch over night The contract market is dull but steady a round 11.18 for October. NEW ORLEANS COTTON. I Last! Prev Open 1 ligh Low Sale Close Close . 12. W 12.31 12.28 12.29 12.26 12.08 12.11112.02112.03 12.06-07 , .jll.67 11.71 11.6511.65111.67-68 4 1.32-34 .11 20 11. 21 11.15 11 .1)7 11.20-21 . 11.20111.23 11.15 11.16 1 1 .20-21 11.26 11.26 11.26 1 1.26 11.23-25 COTTON GOSSIP According to P. S. Sullivan, of Morris 11. Rothschild «Sr Co., the conditions in the eastern holt are exactly the reverse of those of last year. Mr. Sullivan has Just returned from a six weeks' trip throughout the eastern belt. "I arrived in the belt a year ago this time to the day and made my tour over the same ground, so 1 am in an excep tional position to compare conditions with those of last \tur. Last year the ground was hardly broken and farm work was so late that >n Georgia farm ers sow ed their seed right after rite plow without taking, tin- time to break up the ground properly.’’ he says. "That fact accounts for the poor crop. This year 1 found the ground thoroughly pre pared wherever 1 went. and. as a rule, farmers ware two weeks ahead of last your. With the exception of North. Carolina, planting is well advanced and in the extreme South a good deal .»f cotton is up. Possibly excluding North Carolina, where, farmers are not plant ing yet. the eastern States of th** belt hi* vt increased their acreage Kvery- where I went farmers estimated - that the acreage is 5 per cent larger than last year. I estimate that Georgia has planted 3 to 5 per cent more land in cotton than the previous season." Shorts are becoming more nervous owing to tHe cool weather and insuf ficient rams in the eastern belt and J talk of delayed germination, which has bee*.me one of the leading factors in stimulating the market. Yesterday July! sold up as high as 11.68. This was the | highest that option has sold since the latter part of April, when it sold at Dallas wires: "Texas -Clear and cool Oklahoma—Generally clear and pleas ant.” Good rains were reported at Knox ville. Tenn.. and Birmingham, Ala. • * * Norden A- Co says 'Tries* there is a c hance in the weather in the im mediate future, we think a further sharp upturn is to be expected." Wash tat Hie JL 1 k ■niwprrr m I rrzvn :■ tsa arapwwKr mmmm '1 & ¥ T STARTING 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. HfPfi tc | ^ . r rv h ' T-C, ' ; . AncTwouldn’i 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? qoooooooooooooooooooooooooooooooooocoor-ooc^oc X3C oocooooooooo 00000000 I nominate, as a candidate in The Hearst’s Sunday American.§ and Atlanta Georgian Pony Outfit Contest: e This Nomination Blank Starts You With A Thousand Votes Name Address © - I Nominated by <5 © Address « GOOD FOR 1.000 VOTES Only one nomination blank can be voted for any contestant. 3 50000COOOOOOOOOOOOS Subscription blanks and printed instructions for the use of contestants are notv ready. Sent anywhere 011 request. To-day’s Vote Coupons appear on Page Two of this newspaper-—Ask your friends to save ike 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 rsfs Sunday American and Atlanta Georgian 20 East Alabama St. ATLANTA, GA. 0. White City Park Not/ Open i Harriman ' rest or Pacific aud other »n •t Union 2. at noon. Ka.'tttn time. It will condition of the crop to May 25.