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

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* 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.