Newspaper Page Text
*
i
14
TUP: ATLVM A GKOKUIAN ami N&VVJ' 1
Today's New York
Stock Market
E
Jr
Manufacturers' Materials Brought
in at an Unprecedented Rate,
Hides and Wool Excepted.
WASHINGTON; May 13 A slaw
ment given nut by* Secretary of i 'oiti-
nv»rre Redfleld indicates* the quan
tities of manufacturers’ materials im
ported into the I’nited States during
the present fiscal year will greatl.\
exceed the Imports of last y*»ar and
the mark of any previous year If th«-
figure?* for the nine months ended
March, 1913. be any criterion
Of the ten important articles form
ing the bulk of the imports of such
materials, cotton. woqI, fibres, silk,
tin, copper, rubber, hides, lumber and
tobacco—the importa 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
*6.000.000 pounds the same months
lam year; 163.000,000 pounds of wool
ns against 126,000,000 last year.
318,90o 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
*1.000.000; 453.000.000 pounds of hides
and ?»kins 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 ol
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, 1905, 1909 and 1910 the
imports of wool slightly exceeded the
imports of the current year
Below are '.riven I fie highest,
I lowest and last priees ol stocks i
to-dav, together with the J>re-,
vious dose :
Stock quotations:
• STOCK— High.
Amal. Copper. 75' H
I Am. Ice Sec. . 25' *
i Ain. Suq. Ref. 110
Am. Smelting. 67
Am. Locomo..
! Am. Car Fdy..
| Am. Cot. OIL.
i Anaconda
I Atchison
A. C. L.
American Can 32%
do. pref.
Am, Beet Sug,
Am. T.*T.
Am Agrlcul ..
Beth. Steel
B. R. T
B. and O
Cen. Pacific. .
Corn Product* 10%
C. and 0 64' ?
Coneol. Gas 131%
Cen. Leather.. 22%
Colo. F. and I
D. and H. 151' 2
Den. and R. Q.
Distil. Secur..
Erie 28%
do. pref. . 43
Gen. Electric 138
32%
38';
99-
92%
30 .
128' 4
32%
89%
97%
241
Low.
74' j
25' „
109
66
32%
38
99%
32' h
92%
30%
Last Prev.
Sale Close.
75% 74 /
26' b
110
67
32%
32' 8
92%
30' 2
127% 128 4
32'
89
97'
239'
lO’’
63 V
130
223
24
109
66' 2
32
48
42' i
37'*
99' ?
120%
32' \
92' 4
29' 2
127' 2
49%
32%
89
Recent Buyers Liquidate on News
of Good Rains and Bearish
Weekly Weather Report.
10' ,
63%
32*
89'
97% ..
239*4 241
103
64'/
131% 130
22% 22%
30 2
151% 161'/* 161%
.... 19
15%
28
42%
137%
27%
43
138
28'
43
138
Q. North, pfd. 126' 2 126' H 126' n 125%
G. North. Ore
Int. Harv. (old)
Illinois Central 114% 113
Interboro 14% 13%
do, pref. . 49' 2 49' 7
K. C. Southern
M., K. and T.
114'
14'
49*
Lehigh Val. .
L. AN.
Mo. Pacific .
N. Y. Cen. .
N'western
Nat. Lead .
N. A W. . .
North. Pac.
Ont. A West.
Penn. . . .
Pac. Mall . .
.154' 2
. 36
99%
■129%
47
105%
153' 4
34%
98%
129' 2
47
105' 4
34
103
113' 4
13%
49
. . 23
23' 2
154' '2 163%
. . 130%
34%
98%
129' '2
47
35
99%
129%
47
106% 105
.114% 113% 114% 113%
28%
110% 110%
110%
21%
Peo. Gas. Co. .108% 108% 108% 108
NEW YORK, May 13 Firm cables,
coupled with bullish weather reports,
caused an upturn of from 3 to 4 point*
nf ttie opening of the cotton market to
day After the call, however, traders
! sold and In consequence of the orders,
most of which came from profit - takings,
the list dropped several points
Sentiment was mixed.
The early strength In the market was
attributed to short covering by Wall
Street opeiators. This buying was
based upon the failure of the map to
show rains. 'I’he official weather map
| showed a few rains in Georgia, the other
\tlanties 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.
If is said those who 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. Texas shows the ef
fect of cold nights, but not seriously.
During fiie afternoon session the mar
ket was under- heffvy 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
w’itli prices at a net advance of 5 to 7
points from the final quotations of Mon
day.
following are 11 a m bids In New
York: May, 11.62; July, 11.67; August,
11.43; October, 11.08; January, 11.07.
Following are 10 a. m. bids in New
Orleans: May, 12.28; July, 12.07; Au-
:11st, 11.66; October. 11.21.
Estimated cotton receipts:
Tuesday 1912
New Orleans . 3.80ft to 4.50ft 916
Galveston 2.000 to 3.000 1,856
RANGE IN NEW YORK FUTURES.
ON HEAVY SALES
ST. LOUIS CASH QUOTATIONS.
Wheat No 2 red 97 ($106
Corn—No. 2 59%
Oats -No. 2 36 %@ 37
CHICAGO, May 13. May wheat was
firm at 89%<ft89 7 *o. «s the offerings were
small at the opening, and there was
some demand from shorts. The more
deferred months were off % <tf%c 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 ami Plate wheat. Northwestern
receipts were considerably in excess of
a year ago. also the receipts at Win
nipeg The European visible supply
showed a small Increase.
There was little change in com and
oats, but both of these markets were
the smallest fraction lower. The mar-
• eiY of the Old World were quite dull
for corn
There was a stronger feeling for hogs
at the yards, but the provision situation
was dull and without any change early.
CHICAGO GRAIN MARKET.
Grain quotations:
1 Pres*. Steel C.
| Reading . 160% 159' „ 160' „
Rock Isl. . 20 19% 20
do. pref. . .32% 32' „ 32' 2
R. I. A S
do. pref
Slo s Shef
So. Pac. .
So. Ry. .
do. pref.
St. Paul
Tenn. Cop
Tex. Pacific
Union Pacific . 149' 2 147%
U. S. Rub
Utah Copper
U. S. Steel
do. pref. .
V. -C. Chem.
Weit. Union
Wabash . .
do pref.
W’house Elec. 62 62
West. Md.
Total sale*. 189.000 shares
96'
24'
. 107
62
60' 5
. 106' ;
. 26' ;
. 65 *
■ 3'.
95' 4
24' «
51%
59
105%
26
65' 4
3' B
96
24-
149%
52
60
106' 4
26' 2
65%
S'/*
62
24%
159'%
19%
32%
23
81 ! 4
29
95
24%
75%
106'/*
34' *
15
148' 4
61%
51%
59' B
105' o
26
66
3
9%
61
39' H
Open
xi
w
Low
3 1
►3 tn
Clone
« 0
CuU
My |11.54111.67111.4811.49! 11.45-
Jh (11.66111.«6|11.65!11.65 11.53-
Jly 1.1.68! 11.71111.68)11.59 11.68-
AK 111.44 11.17111.35 1 1.3511 1:35-
Spt )11.16|11.16111.16ill.l6|1 1.06-
Oc 11.10111.11 10.99 11.0111 1.00-
Dc (11.11 111. 13 11.00111.02 11.01 •
•In ]l 1.09:1 1.11110.08 10.99; 10.98-
Mh 11.17111.17111,0<|11 M 1 I "7
Closed steady
47 11.51-62
6| 11.60-61
69111.64-66
36'11.40-41
08'1 Id 2-13
01111.06-07
02 11.07-08
99|11.05-06
08111.12-13
89%
89%
89%
High
WHEAT
Ma>
July .
Rapt.
CORN -
May
July
Sept
OATS -
May. .
July
Sept
PORK
May. . . .
Jfcly
Bept
LARD
May. '0 92%
July. 10 80
Sept. 10 87%
19.62%
19.35
19.10
JtTRS
Mav.
July
Bept..
11.50
11.02%
10.90
89
88%
88%
56 %
55 %
56%
37%
35%
35%
19 50
19 90
18 96
10.92%
10 77%
10.80
11.42%
10 97%
10.85
Previous
Close. Close.
89 89%
88% 89%
88% 89%
f>6%
55%
56%
19.62%
19.30
19.07%
10.92%
10.60
10.85
11.50
11.02%
10.90
56%
56%
57
37%
36%
36
19.37%
19.22%
19.05
10.87%
10.77%
10.80
11.42%
10 97%
10.87%
PRIMARY MOVEMENT.
—
WHEAT—
1 1913.
I 1912.
Receipts ....
j 385.000
450,000
Shipments ....
1 941,000
1 398,000
CORN— | |
Receipts .
1 410,000
765.000
Shipments ....
306.000
622.000
CHICAGO
CAR LOTS.
F ollowing are receipts for Tuesday and
estimated receipts for Wednesday
ITundur
\Vednsda»
Wheat
34
30
Corn
223
90
Qat* . . . . .
254
139
K =;■•
12.000
30,000
PORT RECEIPTS
The following table shews
receipts at
the ports to-day
compared
with • the
same May last year:
1913.
| 1912.
N»ew Orleans
2,798
1,972
Galveston
2.456
1,766
Mobile . . .
289
466
Savannah
1.397
2,963
Charleston
693
118
Wilmington ...
129
9
Norfolk
1 502
896
New York
25
Boston
515
130
Philadelphia
109
Pacific ('oast
2.144
Various
311
Total ...
11,872
8.395
INTERIOR
MOVEMENT.
| 1913.
| 1912.
Houston ....
1.782
1,072
Augusta ....
290
209
Memphis ....
St. Louis ....
947
1.690
233
24 4
Cincinnati . . .
603
485
Little Rock . .
79
Total ...
3.555
3.776
NEW YORK COFFEE MARKET
Coffee quotations;
Opening
Closing.
January! ! " " 11.58(^11.61 11 60(^/11.61
February.
1 i.do ter ii.oi 1 1 MG;
11.60© 11.63.11.60©
% March. .... 11.61
' April 11.61@11.65 11.63^11.64
May
June
.'11.25
H.33@11.38 11 3o
July 11.41 till.42 1 1 40 {
, 11.61
ll.63fl1.64
11.26$ 11.28
’* 35
August
September. . .
October. . . .
November . .
December.
Closed steady.
.11.60
ill.80@ll.51
-lt.eof 11 61
. 11.59© 11.61 11.59 (a 11 61
11.58
11.59
'11.59© 11.60
11.59© 11 HO
Sales. 36.000 bags
White City Park Now Open
Pool Manipulation of Copper and
Consolidated Gas Also Credited
With Causing Strength.
By CHARLES W. STORM.
NEW YORK, ui) 18 C4ntril Rail
road of New Jersey was again the weak
♦>st feature of the list at the opening
of tiie stock market to-day, declining
1 point to 295 on continued reports of a
threatened Government suit. This was
a drop of 26 points since the close Sat
urday
Most of the other stocks were up.
Amalgamated Copper began % higher,
hut soon lost the gain. Southern Pa
cific acted similarly, commencing with
a gain of %. but losing tt and making
n fractional decline within a half hour
Ylrginla-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 strong in London on earnings re
ports New York, New' Haven and
Hartford and Northern Pacific gained
fractionally United States Steel com
in on opened at 59%, 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 United States Steel crossed 60 for
on advance of %. Canadian Pacific
was under some pressure and shaded
fractionally. St. Paul. Southern Pacific
and l 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 Lake 1.
BAR SILVER
NEW YORK. May 13 -Commercial
bar silver 6I1 Mexican dollars 48c.
LONDON, May 13. Bar silver steady
at 28 3-!60 Up 3-16d.
THE WEATHER.
Conditions.
WASHINGTON. May 13. Unsettled.
now cry w eather will continue to-night
over Western half of the country ex
cept from New York through the Caro
Unas, where there probably will be
ittlc or no rain. It will he somewhat
ooler in the lower lake region and
Vew England
Genera! forecast until 7 p. m Wed-
Georgia Showers to-night and Wed
nesday.
MONEY AND EXCHANGE.
NEW YORK. May 13 —Money on call.
2%$t3 per cent Time money unchang
ed, 60 days, 3% <(4 per cent; 90 days,
t six months. 4%(&4%.
Posted rates Sterling exchange,
' .83%(q 4.87 w ith actual business in
bankers’ bills at 4.8615 for demand and
' 8::80<&4 8285 for 60-day bils
Prime mercantile paper unchanged
BRADSTREET'S VISIBLE.
] Following Is the weekly visible sup
ply of grain by Bradstreet-
Wheat decrease 1.900.900 bushels.
I Corn, decrease 1,745.000 bushel?.
J Oats, increase 1,516,000 bushels.
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 4 to 6 points over Friday’s
clone At 12:15 p. tn., the market was
quiet and steady, with prices 4% to 5
points higher.
Fair business doing In spot cotton at
8 points advance, middling 6.76d; sales
8,0<X) hales, 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 the market was steady
with priees showing a net gain of 4%
5% points from the closing figure?
f last Friday.
Futures opened firm.
Opening. Prev.
Range Close ('lose
May 6.50 6.60 6.44%
Mav-June . . .6.49 -6.46% 6.49% 6.44
June-July . . .6.46- 6.46% 6.46% 6.41%
July-Aug. . . 6.42 -6.42% 6.42% 6.38
Aug.-Sept . .6 32 -6.32% 6.32% 6.28
Sept.-Oct. . . .6.19 -6.18% 6.18% 6.14
I Oct - Nov. . . 611%-6. II 6 11 6.06%
Nov.-Dec. . . .6.08 6.08% 6.08 6.03%
Dec.-Jan. . . .6.07 -G.07% 6.07 6.02%
Jan.- Feb . 6 06'.,-6 06 6.06% 6.02
I Feh.-Mch. . . .6.08 6.07% 6 03
‘ Mch.-Apr. .6.08 6.08%
Closed steady.
HAYWARD & CLARK’S
DAILY COTTON LETTER
NEW ORLEANS. 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 attacking Greek
posts and wounded arriving at Salonikl.
Correspondence from Liverpool shows
bearish view's as to the ultimate course
-of prices, .but opinion is in favor of
waiting around 6 pence fur a while an
il more is Known about the crop de
velopment. The strength ,of July in
Yew York Is still pulling the New- Or
leans market up, but lack of confidence
shown by restricted support. Current
damage report? are regarded as acces
sory to professional attempts si the
*rt interest and faith in the establish
'd record of the benefits of a dry May
till predominates.
The greater part of Alabama has had
enough rainfall to start the replant, and
official records show that sufficient
showers fell over a considerable terri
tory of Georgia. The Savannah <14s-'
• ct 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.
a
<u
0.
c
t| i\n
•
8
O
0
► s
S 0
£5
Mv
12.30
12 3112.27 12.27 1
2.23-25
12.20-21
Jn
j. . . ..j- T
2.06-08
lly
ia.08
12.11112.00 12.021
2.02-03
12.06-07
Ag
11.67
11 71 11.61 1 1.61)11.62-63.11.57-58
Up
| % 1.27-29
11.32-34
Oc
11 20
11 2111.13 11.16111.15-16
11.20-21
Nv
••11.15-17
11.20-22
Do
1 l 20
11.23111.13111.161.11.14-15
11.20-21
In
11.26
11.26 11 16 11.16 11.17-18% 1.23-25
Fb
111.15-17
11.20-22
Mb
‘11.23-25
Closed steady.
SPOT COTTON MARKET.
Atlanta, quiet; middling 11 %
Athens, steady; middling 11%
Macon, steady, middling 11%
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 12<
Augusta, steady; middling 12c.
Mobile steady; middling 11%.
Galveston, steady; middling 12 3-16...
Charleston, quiet; middling 11%.
Wilmington, nominal.
Little Rock, quiet; middling 11%
Baltimore, nominal; middling 12%.
Memphis, quiet: middling 12%.
St Louis, quiet; middling 12%
Houston, steady; middling 12%.
Ijouisville. firm; middling 12%
Greenville, quiet; middling 11%.
Charlotte, steady; middling 11%
COTTON SEED OIL.
Cotton seed oil quotations:
Opening.
Spot ....
j~7.~7r.~r. r*v
May . . . . •
. . 6.923/6.93
June ....
6.91 fir 6.95
July ...
6.954i 6.96
August . . .
7.00$?.03
September . .
7.01 <n 7.03
October . . .
6.69(a 6.72
November . .
. . 6.384i f U
December .
. . 6.29^6.36
Closing.
6.85'a 6.99
6.91(6 6.92
6.90 ii 6.93
6.91 (n 6.92
6.98$ 6.99
6.99fa 7.00
6.68$ 6.69
6.38$ 6.41
6.27$ S.34
6.00
Closed heavy, sales 8.500 barrels.
li
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 ■ fey""
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?
CXXXJOOOOOOOOOOOOOOCOOOOOOOOOOCOOOOOC-COOOOOOOOOOOOOOOOOOOOOO 00000000
I nominate, lis a candidate in The Hearst’s 1 Sunday American
and Atlanta Georgian Pony Outfit Contest:
This Nomination Blank 8
Tsarrie
Address
Starts You With A
Nominated by
Address ...... !. •
Thousand Votes | good for i.ooovotes
Only one nomination blank can be voted for any contestant.
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
20 East Alabama St. ATLANTA, GA.