Newspaper Page Text
14
Till. ATT, \ XT A GEORGIAN AXD NEWS. TUESDAY. MAY 13, 1913.
Manufacturers' Materials Brought
in at an Unprecedented Rate,
Hides and Wool Excepted.
WASHINGTON. May 18 A atari
ment Riven out by Secretary of Com
mercc* Redfleld indicate?' the quan
tities of manufacturers' materials im
ported into the l ulled States during
the present fiscal year will greatly
exceed the imports of last year and
the mark of any previous year If the
figure?* for the nine months ended
March. 1913. be any criterion.
Of the ten important articles 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 eotton import
ed during the first nine months of
the present fiscal year was over
100,ftO&.OOO pounds, as compared with
fi8.000.000 pounds the same months
last year; 163,000.000 pounds of wool,
as against 126,000,000 last year.
318.900 tons of fibers, against 231,000
20.000.000 pounds of raw silk against
16.000.000. 91.000,000 pounds of pig
tin against 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 hid« s
and Mkins against 374.000.000; 81S,-
000,000 feet of boards, planks and
deals against 645,000,000 feet and
48,000,000 pounds of 'oaf tobacco
against 37.000,000 pounds.
The only cases in which the im
ports for the corresponding period of
any previous year exceeded the im
ports for nine months ended March
this year were when the imports of
hides and skins amounted to 48,000.000
pound** in 1910. as against 453.000.000
pounds for this year and when in
1896. 1897, 1906, 1909 and 1910 the
Imports of wool slightly exceeded the
imports of the current year
GRAIN
ST. LOUIS CASH QUOTATIONS.
Wheat No 2 red
Corn—No. 2
Oats—No. 2
.97 (<i 105
59 Vj
36V6<0 37
UHJCAGO, May 13 May wheat was
firm at 89%$ 89 7 *c, as the offerings were
small at the opening, and there was
some demand from shorts The more
deferred months were off %(frV' 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
mpeg The European visible supply
showed a small increase.
There was little change in corn ami
oats, but both of these markets were
the smallest fraction lower The mar
*ds of the Old World were quite dull
for corn
There was a stronger feeling for hogs
at the yards, hut the provision situation
wa> dull and without any change early
CHICAGO GRAIN MARKET.
Grain quotations
1
’revious
High
1 .ow < 'lose. (’lose.
WHEAT
May 89 %
89 89
89%
July 89 V.
88% 88%
89%
Sept. . 89%
CORN —
88% 88%
89 %
May... 56'.,
55% 55%
56 %
July 56 %
55*, 55*,
Kept 57
56%. 56%
OATS
May 3:4.
37% 37%
37 %
July 36',
35% 55%
36 %
Kept 36%
36
PORK
Mat . . i;> r,-1..
19.50 19.62%
19 37%
July . . U' 36
19,20 19 30
19 22%
Kent 19.19
18.95 19 07U.
19.05
LARD
10.92% 10.92%
10.87%
July ... 10.89
10 77% 10 80
10 77%
Sept . 10 87%
10.80 10 85
10 80
LIBS-
May. tl.50
11.42% 11.50
11.42%
July... 11.02%
10.97% 11.02%
10 97%
Kept 10.90
10.85 10.90
10 87%
PORT
RECEIPTS.
The following
table shows receipts at
the ports to-day compared with the
same day last year:
1913.
1912.
New Orleans
2,798 I
1.972
Galveston . . . .
2.456
1,766
Mobile
289 i
466
Savannah
1.397
2.965
GharleMon
693
118
Wilmington
129
9
Norfolk .
1.502 j
896
New York
25
Boston
515 i
130
Philadelphia
109
Pacific Coast
2.144
\ arious .
311
Total ....
11.872
8,395
INTERIOR MOVEMENT
1913.
1912
Houston
1.78/
1,072
A ugusta
29ft
209
Memphis . . . .
94 7
1.690
St. Louis
235
24 4
Cincinnati
603
4 85
Little Rock
79
Total . .
3.855
3.776
COTTON MARKET OPINIONS
Norman Mayer A Co. flitil good
rains in Atlantic?-, expect nervous mar
kets; probably working upward.
Sternberger. Sinn «v Co The short
interest has not decreased to anv great
extent and this should tend to sustain
prices.
Miller A Go.: Unless conditions turn
for the worse we look tor lower prices
Logan A- Bryan: General conditions
»re not ol a nature io create enthu
siasm on the lqng side of cotton.
Atwood, Violet t A: Co We would
avoid the Short side of July at present
letter months, however, we believe
should be sold on any further rall\
Hayden. Stone A- Co. Ur.iil’goo<
rains come in the A Parties there will
be nothing to induce short selbi a
#8.25, stockers and feeders $6.09,7';
Texans $6 26# 7 75, calves $7.00# 9
White City Park Now Open
U
Today's New York
Stock Market
Below jir<* given th
1* highest,
lowest and Iasi
iric<*B
of stocks
to-day, together
wit li
1 lie
pre-
viotis close:
Last
Prev.
STOCK— Hiqh.
Low.
Sale
Close.
Amal. Copper. 75' a
74' 2
75' ,
74'. 2
Am. Ice Sec
24
Am. Sup. Ref.. 109
109
109 h
109
Am. Smelting 67
66' ?
67
66' 2
Am. Locomo.. 32%
32%
32%
32
Am. Car Fdy t
48
Am. Cot. Oil.. . .
42' f
Anaconda . . 38%
38
38
37' 2
Atchison ....
99'
A. C.- L.
120' 2
American Can
32' h
32%
321-4
do, pref. . 92%
92'»
92%
92%
Am. Beet Sufl. 30' ?
30' 2
30' ?
29 2
Am. T. T. 128' 4
127%
N»
00
127%
Am. Aqricul. .
49' 4
Beth. Steel 32%
32' h
32' r
32' 4
B. R. T. 89%
89
89%
89
B. and O. . . 97%
97%
97',,
Can. Pacific . 241
240' 4
290 3
241
Corn Products 19%
10%.
10'»
10'/,
C. and O. 64 ?
63%
64' 2
63%
Consol. Gas. 131 %
130
1 3 1 7
130
Cen. Leather... 22X
22 <1,
22%
22%
Colo. F. and 1
30%
D. and H. . . 151' ?
151' 2
151' 2
151'/,
Den. and R. G.
19
Distil. Secur
15'/*
Erie . . 28' 4
27
28%
28
do, pref. 43
43
43
42'/,
Gen. Electric 138
138
138
137%
G. North, pfd.. 126' ?
126' 4
126'/a
125%
G. North. Ore..
34
Int. Harv. (old)
103
III. Central . 113
113
113
113%
tnterboro 14%
13 7 m
14' h
133/4
do. pref
49
K. C. Southern . . .
23
M., K. and T.
23'/,
Lehigh Valley 154
153'/ 4
154
153%
L. & N. . ..
130%
Mo. Pacific . . 35
34 7 „
35
34 7 8
N. Y. Cen. . . 99%
98%
99%
98%
N’western . 129%
129' 2
129' 2
129' 2
National Lead .47
47
47
47
N. A W. . . . 105%
105' 4
105 *„
105
N. Pacific . .114
113 7 h
113 7 b
113%
Ont. &. West.
28'/,
Penn 111%
IIO34
111
110 7 R
Pacific Mall
21 '/*
People’s G. Co.
108
Press. St. Car 24' ?
24%
24' 2
24%
Reading . . . 160' H
15* 7 „
159 7 r
159%
Rock tsl. . . .19%
19%
19':,
19J 8
do. pref. ... 32' 8
32' 8
32' „
32%
R. 1. A S. . . .
23
do. pref
81%
S!oss Shef. . .
29
So. Pacific . . 95%
95' „
95%
95
So. Ry . 24' ,,
29' 4
24'4
24'«
do. pref.
757 k
St. Paul . . .106%
106%
106’,
106%
Tenn. Cop. . .
34'.,
Tex. Pacific . . 16%
16' «
16' a
15
Union Pacific .149
147%
148%
148%
U. S. Rub
61%
Utah Copper . 52
51*«
51 %
61%
U. S. Steel . 60
59
58%
59'/,
do pref. 105%
105%
105%
105%
V.-C. Chem. . 26
25' 4
26
26
West. Union
65
Wabash
3
do. pref
9' ,
W’house Elec
61
W. Maryland
—
39' ,
STOCKS
By CHARLES
W. STORM.
NEW VnRK. May
13. U
entrat
Rail-
road "f New Jersey w
rtH again the
wea k
est feature of the list at the opening
uf the stock market to-day, declining
I point to 295 on continued reports of a
threatened Government suit. This wa
rt drop of 25 points since the dice Sat
urday
Most of the other stocks w. i, up
Amalgamated Uopper began higher,
but soon lost the gain. Southern Un
cl He acted similarly, commencing with
a gain of hut losing it and making
a fractional decline within a halt' hour
Vlrglnia-Carolina Chemical, which has
been under pressure for some. time, lost
Union Pacific commenced at 148%
for a fractional gain, but soon declined,
losing %.
Canadian Pacific lost 1 •*. although it
was stVmg in London on ■ filing te
lls. New York. N< w Haven and
Hartford and Northern Pacific gained
fractionally United States Steel • om
iiion opened at id's, 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 pan of traders
MINING STOCKS.
BOSTON. May 12 Opening;
11. Granby 62. Fruit I'd'-. \V«*lv<
North Lake 1
Alas
rine
BAR SILVER.
NEW YORK. May 13 Oommet
bar silver file. Mexican dollars 48c.
LONDON, May 18 Bat
at‘28 3-16<i. Up 3-16d.
THE WEATHER.
Conditions.
WASHINGTON. May 13. Unsettled,
mwery weatherMvill continue to-night
vt-r Western half of the country e\
»pt from New York through the «'uro
Unas, where there probably will be
iHe or no rain It will bp somewhat
oeder in the lower lake regihn and
u -\v England
General forecast until 7 p. m Wed
Georgia Showers to
and Wed-
ocasasoK'Atfj^
OEOOQlSHOHS^*
LIVE STOCK MARKET.
CHICAGO. May 13.— Hogs Receipts
12,000 Market strong Mixed am
butchers $8.25# 8.55. good heavy >8 ;u
8 45. rough heavy $8.05# 8 -0 light >8 23
(g 8 52. pigs $6.60# 8.15. hulk $8 4o’ " s 5o
Cattle -Receipts 100. Market steady
Beeves $7.16# 8.00, cow s and heifers $3
Sheep—Receipts 14.000 Market stea.iv
Native and Western $4 75# 6 50, lambs
$6.75# 8 60
ST LOTTS. May 13 Cattle: Receipts.
3.000. Including 700 Southerns market
steady Native beef steers. 55 75# 9 oo
cows and heifers. $4.50# 8 76 stockers
and feeders. (5.25428.00; calves, $6#9.75.
Texas steers, $6.36#7.50; cows and heif
ers. $4#$7; calves. $5#6 50.
Hogs Receipts. 8,600: 5c lower Mix
M. $8 40# 8 57L good. $6 40# 8 f.o. r.. mb
$7.75# 8 00; light, $8.45# 8.60; pigs. *7 <'•"#
8 00; bulk. |8.46#8.55
Sheep: Receipts. 3.000. market sfea«i>
muttons. $5 00# 7 on; y earlings, $7 00#
8 00. lambs. $7.00#8.25
. P. Morgan has succeeded hi
er on two Vanderbilt roads*,
financing of thf Central >\
is m hardv task to-dav th.
used to be. The Nov Y
tral no longer occupies
place at the
railroad pr
below par. An
gapingly empty
all the Morgan 1
to device ways ant.
ing the scores of millions
to put the toad on its fir
feet.
L
a.st:
’re
V’.
! Open 11 ighILow
| Kale]
Tlose.
May
. ill
.54
'll
57
11
48
11
48 11
.51
52
Juno
..111
.60
62
July .
li
68
11
7 1
11
59
11
62! 11
.64
65
A tig
11
44
11
47
11
85
11
36111
.40
41
Sept. .
.11
16
11
16
11
16
11
16/1
.12
14
< )ot
. 11
10
1 1
11
11
01
11
01 11
. 06
07
Deo. .
. .n
11
! 1
13
11
02
11
01 i*i
.07
08
Jan.
.111
on
1 1
11
10
98
11
00 1 1
05
06
Mch. .
. 11
17
11
17
11
09
11
09 j 1
.12
14
NEW YORK. May 13. Eirrn cables,
couple*! with bullish weather reports,
caused an upturn of from 3 to I points
at the opening of the cotton market to
day. After the call, however, traders
sold and In consequence of the orders,
most *.f which came from profit-takings,
th*- list dropped several points.
Sentiment was mixed,
hollow ing are II a. m. bids in New
York: May. 11.62; July. 11.67; August,
tl 13; October, 11,08. January, 11.07.
Endowing are 10 a rn bids in New'
Orleans: May. 12.28; July, 12.07; Au
nt. 11.65; October, 1121
Estimated cotton receipts:
Tuesday. 1912.
New Orleans . . . 3,800 to 4,'500 916
i ,'alYe-iton 2,000 to 3,000 1,855
The early strength in the market was
attributed to short covering by Wall
Street operator?. This buying was
based upon the failure of the map to
show rains. The official weathei map
showed a few rains in Georgia, the other
A Canties and Alabama and much lower
temperatures in North Carolina. This
caused rather free offerings from the
ring and selling by recent buyers, which
was saut to be profit-taking. Prices
dropped 3 to 5 points from tin* opening
range, with the exception of May. which
held steady at the opening quotation.
It is said those vWio covered short
lines during the past few days will put
out these short lines again if there are
rains in the Eastern belt within the
next twenty-four hours. The bears ex
press the belief that the dry May makes
It apparent that the crop will have a
good start and they are not inclined to
put much confidence in the talk of dam
age of the excessive dry weather.
The weekly weather report issued at
noon was construed as bearish, with the
exception of Georgia, which shows the
lack of moisture '1'exas shows the ef
fect of cold nights, but not seriously.
During the afternoon session the mnr-
I'.et was under - h |. 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 t he buying was light anti
sea ttcred.
NEW YORK COTTON.
Quotations In cotton futures:
LIVERPOOL COTTON MARKET.
LIVERPOOL, 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 1 to 5 points over Friday’s
close. At 12:15 p. in., the market was
quiet and steady, with prices 4% to 6
points higher.
Eair business doing in spot cotton at
8 points advance; middling 6.76d; sales
8.000 bales, includ’Mg 7,600 American:
Imports. bales, including 8,006
American.
This market wil! be closet! E rid ay,
May 16, and Saturday, May 17.
At the close the market was steady
with prices show ing a ret gain of 4 %
Ypoints from the closing figures
f last Friday.
Futures opened firm.
Opening.
Range. Close
.6.60
. 6.49
.6.46-
.6,42
.6.32
.6.10
.6.11 V^-6.11
. 6.08 6.08%
.6 07 -6.07%
.6.06%-6.06
6.08
6.08
May . . .
May June
.1 une.I uly
July-Aug.
Aug.-Kept
Kept.-Get.
Oct. - Nov.
Nov. -1 )ec.
I )ec.-Jan.
Jan.-Feb.
Feb. - M eh.
Mch.- Apr.
Prev
Close
6.41 %
6.4 4
6.50
-6.46% 6.49V
6.46% 6.46% 6.4 U
-6. *2% 6.42% 6.38
-6.32% 6.32% 6.28
-6.18% 6,181.. 6.14
6.11
6.08
6.0"
6.06%
6.03%
6.02%
6.06% 6.02
Clu
•d steady.
6.07%
6.08%
6.03
HAYWARD A CLARK’S
DAILY COTTON LETTER
NEW ORLEANS. May 13. Europe
apparently was treated to bad crop new;
which led to a strong Liverpool, with
futures 3 to 4 points better than due.
Political news is worse, reporting that
dmost a state of war exists between
■ I re* if and Bulgaria, with actual tight
: , . the Bulgarians attacking Greek
po-ts and wounded arriving at Kalonikl
Correspondence from Liverpool shows
bearish views as to the ultimate course
i ' • • s. but opinion is 'in favor of
waiting around 6 pence for \ while un
1 more is known about the crop de
velopment. Tim strength of July in
< u York Is still pulling the New Or
leans market up, but lack-of confidence
< wn by restricted support. Cut rent
• cage reports are regarded as acres
-1 \ to professional attempts at the
t interest and faith in the establish
'd record of the benefits of a dr; May
i predominates.
The greater part of Alabama has had
enough rainfall to start the replant, and
,dfVial records, show that sufficient
1 owers fell over a considerable terri-
• f Georgia. The Savannah dis
hows seven stations with an av-
of half-inch over night
contract market is.dull but steady
11.18 for October.
t or.v
The ,
round
NEW ORLEANS COTTON.
May
July
Nog
Kept.
Dec.
Jan
Mch
I Last I Prev
< 'pen 1 High'Low Kale Close Close
1 2.30 12 '31 12.28 12.29112'. 25
12.08 12.11)12 02 12.03 12.06-07
17 1 1 71 1 1.65111.65'11.67-68
II .32-31
.16'11 .20-21
15 11 .‘•.’0-21
. 26 11
11
11 .
20 I 1 ,
20T l.
26 11 .
24 11
11
26 It
.1511.
.1511.
.26 11.
.28
COTTON GOSSIP
than
<Vi
'ortiei
It
pro
of Yrneri;
Its stock
tieasury
will requ
> in genu
s of ra
A-.--, ordit.g i" IV K, Sullivan, of Morris
II. Rothschild A Co., the conditions in
the eastern troll arc exactly the reverse
| t those of last year Mr Sullivan has
I just returned from a six w eeks' trip
I throughout the eastern belt.
I "I arrived in the belt a year ago this
time to the day and made my tour over
j the same ground, so 1 am in an excep
tional position to compare conditions
with those of last year Last year the
ground was baldly broken and tarm
I work was :-<> late it at in Georgia ft:rm-
| e?s sowed their scad right after the plow
without taking the time to break up
Un* ground properly,” he says. "That
I fact accounts for the poor crop. This
j vear l found the ground thoroughly pre
pared wherever I went, and, as a rule,
farmers wen* two weeks ahead of Iasi
year. With the exception of North
Carolina, planting is well advanced and
in the extreme South a good deal of
cotton is up. Possibly excluding North
t’arolina, where farmers are not plant
ing yet. the eastern States of the belt
have iiu leased their acreage. Every-
\ i ere t went farmers estimated that
the act cage is 5 per cent larger than
last year t estimate that Georgia has
planted 3 to 5 per cent more land in
cotton than the previous season.”
an
is
is
There is more 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 rate stuf't. The
Morgan house made millions from
reorganizations Wall Street used
to call him Docto* Morgan. . r>
mar.* operations did he • rU> ni
on sick railroads. Kuhn. Loch «v
Co., also did well in financing Mr.
Harriman's restoration of Union
Pacific and other roads.
s' orts are becoming more nervous j
owing to the cool weather and insuf
ficient rains in the eastern belt and }
talk of delayed germination, which has |
become one of the leading factors in
stimulating the market Yesterday July I
sold up a? high w 11.68 This was the 1
highest that option has sold since the [
tatter part of April, when it sold at
Di
ant.
lias wires “Texas -Clear and cool,
mma- Generally clear and pleas-
Go»hs rams wore reported at Knox
ville, Termand Birmingham, Ala
N order
is i
met
& Co. says "Unless there
'-.go :n the weather In the im-
future. we think a further sharp
s to he expected ''
Washington announces that the cot
ton condition report will be issued June
• • I astern t o* It will gjva
> • minion of the crop to Alay 25. »
1
t
J.
! i.t
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
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to send in a nomination blank bv to-day’s mail.
This Nomination Blank
Name ..
Address
Starts You With A
Thousand Votes
Nominated by
Address
GOOD FOR 5,000 VOTES
Only one nomination blank can be voted for any contestant.
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and Atlanta Georgian Pony Outfit Contest:
| Subscript ion 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 (his newspaper---Ask your
friends lo 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
20 East Alabama St. ATLANTA, GA.
i
*'
■
L
V
LX. . .. -a.,