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

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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 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. 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. KOOOOOOO iOOOOOOOCiOOOCiOCOCCiOCO . - > -?0QS33O000O0GQ0Q0000C 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? OOOOOOOOOOOOOOOQOGOOOOCOQO(?00(jGOOOCQOOOOOOOCOOOOOOOOOOOOQOOOGOOOOOOO 3 I nominate, as a candidate in The Hearst’s Sunday American 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.,