Newspaper Page Text
THE ATLANTA GEORGIAN AND NEWS,
COTTON WEAK ON
EVE OF HOLIDAY
May Rides the ‘Toboggan’ Early,
Others Following—Bearish
Cable Causes Weakness.
NEW YORK. May 29.—A break of IS
points in May was the feature of the
cotton market at the opening of the
cotton market to-day. June followed
with a decline of 16 points and July W
points from last night's close. New
« rop positions were under pressure, but
only lost 4 to 6 points. The decline
was due to private cables reporting a
lockout in the mills of northern Lan
cashire, coupled with a bearish crop
condition and acreage estimate by Miss
Giles She gave, the condition of the
crop to May 24 aa 86 4 and acreage an in
crease of 3 7 per cent, indicating the
acreage of 1913 would be 35,709,400
acres
The weather map and sentiment were
bearish, which encouraged the bears
The ring and certain brokers who usu
ally represent spot interests were the
leading sellers. After the call the list
increased its decline 1 to 3 points from
the opening. Liverpool was a goes!
seller of July. There w-ere about 5,000
May and June notices issued, which
were immediately stopped by good
sources.
The bears were thunderstruck dur
ing the forenoon when shorts grasped
the opportunity to cover and sent May
back to 11.44, within 2 points of the
previous close. July jumped to 11 40,
Within fifteen minutes the entire list
steadied within 2 to 6 points from
Wednesday's final, or unchanged to 16
points above the opening range.
About the only condition Issued to
day encouraging to the bulls was The
Journal of Commerce, which was 80.5.
However, there was a pressure to sell
Hie market from all quarters, but the
market took the selling remarkably well
in the face of the bearish situation.
May went out at 11.36, a net loss of 8
points from the early high point
The strength of the market was due
to covering over the holidays. In addi
tion to this the trade expects fl bullish
visible supply statement to-morrow. It
is said'that clearances from the Pacific
coast of 13,630 goes in to-day's receipts
and to-morrow’s mill takings, which are
expected to be bullish.
During the afternoon session the mar
ket was quiet. Price movement was
practically unchanged from the opening
level. It is believed that the market Is
on an even keel to go over the holidays
Should the government report Monday
show the condition above 83 the market
will be sold.
At the close the market was steady
with prices net unchanged to 14 points
lower than the final quotations of Wed
nesday.
Following are It a. m. bids in New
York: May. 11 37: July, 11.45; August,
11.28; October, 11.05; January, 11.01.
Following are 10 a. m. bids in New
Orleans: May. 12.10; July, 11.95; Au
gust, 11.56; October, 11.16; January,
11.17.
Estimated cotton receipts:
Thursday 1912
New Orleans 1,000 to 1,500 1,463
Galveston 1,000 to 2,000 1,320
RANGE IN NEW YORK FUTURES.
d
1
o
35
■ :
£0
My
J’e
Jly
i 9
Upt
CVt
N \
D’c
J n
F b
Mh
>11.28 11.4111
11.35111.40 11
11.45 11.60 11
J11.30jll.34iH
11.12 11.12 11
11.06J11.08 11
.36;
_ T
il 07 n.OP li.
11.02 11.04(10.
27111
34 ll.40jll.37-
43 11 AQ ''
28111
12 11
02in
48 11.4
34111.33
12(11.11
05 11.06
.. I.... 111.04
04|11.07|11.06
99 Il.02j11.02
.... I.... I.... .... 11.02
ll.10jll.12 11.10|ll.12|ll.12
11.46-47
11.51-63
48|11.53-06
34 11.86-37
13 11.16-18
061 1.10-11
0011.00-11
07 11.06*07
03 11.06-07
03 I I 06 08
13111.16-18
Closed steady
LIVERPOOL COTTON MARKET.
LiVJSRPOOL, May 29. -Due 1 Vi to 2
points lower, this market opened easy,
at a net decline of 3 to 4 points At
12:16 p. m. the market was barely
steady, 6% to 7Vi points lower on near
positions and 3 to 4 points decline on
late positions. Later the market ad
vanced Vi point from 12:15 p. in
Spot cotton easier at 9 points decline;
middling 6.61d‘ sales, 8.000 bales, in
cluding 6,900 American bales; imports,
4,000 bales, including 1,000 American
bales.
At the close the market was steady
with prices at a net decline of 4 to 6Vi
points from the closing quotations of
Wednesday.
Futures opened easy
Opening
Range Close
6.41 06.39% 6 40
6.42 ra 6.38
6.38% ©6714
6 36 06 33%
(5 6.23 V*
06.12%
06.06%
6.26
6.13
6.07
6 39 Vi
6 36i*
6.34
6.24 Vi
6.12
6 06 %
6.01V*
6 01 Vi
6.01 Vi
6.02 Vi
6.03 V*
Prev.
Close.
6.46
6.46
6 41 Vi
6.39 Vi
6.29Vi
6.17
6.10
6 07
6.06
6 05 U
6 06%
6.07 Vi
May . . .
Ma;. -June
June-July
July-Aug
Aug.-Sept
Bept.-Oet.
Oct -Nov.
Nov.-Dec.
Dec.-Jan. . 6.02 <56.03
Jan -Feb. . 6.02 06.02%
Feb-Mar. . 6.03%0 6 04
Mar-Apr
Closed steady.
HAYWOOD A CLARK’S
DAILY COTTON LETTER.
NEW ORLEANS, May 29 —With May
drawig to a close near positions and
spots are weakening, showing plainly
that professional support and operations
have alone held up prices. Liverpool
this morning is 6©8 points down on old
crops against one point lower due and
3 points downon new against 1 point t<
2 points lower due. Political news ii
bad. It is feared that a general wai
will break out in the Balkans. A Liv
erpool cable ugain made strong refer
ence to the probability of labor troubles
in Lancashire.
Weather conditions continue very
good; fair and warmer over entire belt:
no rains except in the Carolina coast
districts and fair and continued warm
weather is indicated for the entire belt
Our market opened 30 points down o
May, 7 points down on July and 5 poini
on new crops. Support to new crops i..
New York checked selling pressure, but
feeling is against the market. New
York says that the strong support t»
new crops yesterday came from a Cin
clnnati operator. Between 6.000 and 8.
“00 tenders on May were made here thi:
morning
The into-sight for the week look:
around 60.000 bales against 65,064 last
year. We compare with mill takings of
159,000 bales for this week lakt vear
They were small then owing to holidays
and. therefore, favorable comparisons
are probable. After this week, however,
to the end of the season consumption
statistics have every prospect of com
paring very unfavorably with those- o
very quiet.
New York
steadiness.
COTTON GOSSIP
NEW YORK. May 29.-The principal
trading at the outset to-day was in July
which was very weak Mitchell and
tJchlll were the leading sellers of July.
After ^he call Riordan. IWUhsehlld.
Schleyand Hartcorn were principal buy
ers. The market was sold on bearish
cables telling of a lockout In I^ancashlra
and also on Miss Giles' report.
• * •
Weather news and sentiment were
against the market, which helped the
decline along
• » •
Schill. Mitchell and Hubbard sold July
freelv. The ring sold new crop months.
Wilson. Munds artd Rlordan were the
principal buyers of. July.
• * •
The market sure hit the toboggan"
at the outset, but quickly recovered its
course and rode the airship."
The cotton seed oil market will be
closed Friday, but will be open Satur-
Xew Orleans wires "About 7.000 no
tices out Bullish visible expected to
morrow."
* • •
Miss Giles’ condition figures were 2 per
cent above the Government report last
year, and If she had reported the same
this year it would have been a bullish
report
* * *
Of the particular features of the mar
ket yesterday during the late trading
was the weakness In the old crop posi
tions. which was due partly to liquida
tion by foreign straddlers arid partly
against purchase of new crop and out
side liquidation May option was weak.
112.10112.10I12.10 1 12.101
11.86-88
•11.98111.90 11.91 11.91-92
11 58 11.54 11.55 11.53-64
.... .... .... 111.29-31
11.1911.14)11.16 11.15-16
.... J.... .... 'll.14-16'
rill. 13 11.14*11.14-15
HU.17 11.17 11.17-18
'.... .... 11.14-16
11.25 >11.27,11.35 11.27 >11.25-27
11.95
11.55
11.16 J
11.18 1
ILLER-CARTER COTTON LETTER.
MEMPHIS, TENN . May 29.—Several
ndition reports, all of bearish im-
irt, were issued to-day and the market
as plainly of bearish temper. But
verpool bought new crops on this side,
vi dng straddles and our markets have
\*n appearance of steadiness, while
iverpool was weak, which is just the
' ♦use of recent relations
t ■ weather is very favorable now
vi for the next few days.
With the holidays beginning to-night
isiness is restricted, but we anticipate
■ v after burcaut
aiuc iiqumauuii. May option was weak,
promoted by big tenders, which was said
to be for foreign accounts.
* • •
The market was flooded with private
condition and acreage reports to-day,
and the particular thing about them was
that they were all bearish to the core.
The acreage was given about 1.000,000
acres increase over the previous year.
• • *
Browne Drakeford A Co., Liverpool,
ble. "Decline caused by reason of re
versal straddles; old crops easy."
* • *
Dallas. Tex., wires. "Texas: San An
tonio threatening, balance State clear,
pleasant. Oklahoma. Generally clear;
•ool.” •
- • * •
It was learned yesterday ihat the
heavy buying of new crop by Riordan
on Tuesday was long buying for an op
erator connected with a large Cincin
nati soap manufacturing concern.
* * *
NEW ORLEANS. May fe9.—Hayward
A Clark: The weather map shows fair
in entire belt; fine, warm weather with
night temperatures rather above normal.
No rain except In Carolina coast dis
tricts. Indications are for continued fair
and warmer weather except little cloudy
in Northwest Texas, very favorable.
* * *
Liverpool cables: "American middling
fair, 7.15d; good middling, 6.Rid; mid
dling, 6.61d; low middling, 6 47d; good
ordinary. 6.13d, ordinary, 6.79d "
• • •
The New Orleans Times-Democrat
says. "Excellent rains In the Atlantic
States put an end to dry weather talk
about that section. A promise now of
rather heavy tenders in New Orleans
to-day and a report to the effect that
some of the cotton taken up on New
York May contracts three weeks ago
was retendered there yesterday helped
foster bearish sentiment.
"Favorable weather has convinced the
talent that improving crop advices will
be received during the next week or two.
Under the circumstances sellers outnum
ber buyers and the cotton market eased
ft However, the talent is convinced
that the market is a live corpse, with a
kick, and nobody is now treating it as a
lead one Meanwhile New Orleans May
dosed at 12.35, a premium of 34 points
over July, while New Yorlj May closed
at 11.46. a discount of 9 points under
luly. New Orleatis Mas stands at a
premium of 89 points over New York
May. If there be any scientific reason
for such a remarkable difference between
the two markets, the student of cotton
has been unable to find it.”
SPOT COTTON MARKET.
Atlanta, quiet; middling 11%.
Athens, steady; middling 11%.
Macon, steady; middling HU «
New Orleans, quiet; middling 12 5-16.
New York, quiet; middling 11.80.
Philadelphia, quiet; middling U.90.
Boston, quiet; middling 11.80.
Liverpool, easier; middling 6.61d.
Savannah, firm; middling 12%.
Augusta, steady; middling 12c.
Norfolk, quiet; middling 12%
Mobile, nominal; middling 11%
Galveston, quiet; middling 12 3-16
Charleston, pteady; middling 11%.
Wilmington, quiet; middling 11%.
Little Rock, quiet; middling 11%
Baltimore, nominal; middling 12%.
Memphis, quiet; middling 12%.
St. Louis, quiet; middling 12%
Houston, steady; middling 12%
Louisville, finm middling 12%.
Charlotte, steady; middling 11%. *
Greenville, quiet, middling 11%.
COTTON SEED OIL.
NEW YORK, May 29.—The cotton
seed oil market was active and higher
to-day on covering of shorts, new spec
ulative buying, firmness in lard and
buying of July, thought to be for re*-
fillers. Bulls took advantage of the
light offerings to help along the ad
vance.
Outside speculative longs were mod
erate sellers on the advance.
Cotton seed oil quotations:
HARRIMAN ISSUES
FEATURE STOCKS
Dissolution Plan Submitted by
Judge Lovett Not Approved,
Causing Weakness.
By CHARLES W. STORM.
NEW YORK, .May 29 Moderate Im
provement was shown at the opening of
the stock market to-day, there being a
noticeable absence of pressure Read
ing and Union Pacific were strong fea
ture*, the former gaining % on earn
ings reports and trie latter advancing
% after selling ex-dividend of 2% Amal
gamated Copper opened at 73%, against
<3 at the dose last night
Among the other advances were
American fan, %, American Smelting,
%; Erie, % ; Northern Pacific, % Penn
sylvania, %; Southern Pacific, %, and
I nited States Steel common. %.
Canadian Pacific was weak in conse
quence of selling in London and was
2% lower. Western Union, Erie and
Atchison shaded fractionally.
There wan some covering by traders
who feared to go short over the three-
day holiday.
The euro waa steady.
Americans in Ijondon were irregular
Southern Pacific sold to 95%, a de
cline of 1% from the opening and 1
point from the noon level Union Pa
cific dropped to 148%. for a loss of
nearly a point from midday. Union
Pacific seesawed throughout the last
few minutes. Steel gained fractionally,
*ut Amalgamated Copper, Pennsylvania,
Frisco common and preferred and other
■took* practically stood still
The market closed steady Govern
ment bonds unchanged; other bonds
firm.
J- AMERICAN EXCHANGES
TO CLOSE FRIDAY ••
Tomorrow being Decoration Day • •
all American exchanges will be • •
closed to business, with the excep-
tlon of the New Orleans Cotton
Exchange. All exchanges will be 4*
dosed Saturday, with the excep- • •
tlon of the Chicago Board of • •
V Trade
All exchanges will reopen Mon-
T- day for usual business.
-S- The Liverpool Cotton Exchange •).
!* will remain open throughout the
L VinliHavM
holidays.
•H-H-M-H-r
ATLANTA MARKETS
T Opening. | Closing
Spot 1 ...
7.1907.28
June . . 1
7.1607.25 !
7.1507.18
July
7.1807.14
7.16(97.19
August 1
7.1»@7.2»
7.240 7.25
September ..
7.2107.24
7.250 7.27
October
6.89(h 6.91
6.9006.97
6.4 5 0' 6.50
November . .
6.48(ft'6.51 I
December . . . .
6.4006.41
6 3906.41
January . . 6.3906.641 |
6.8906.41
Closed steady; sales. 15,600 barrets
PORT
RECEIPTS
The following table shows
receipts at
the ports to-day
ct^mpared
r:
with tbs
same day last yea
1 1913.
1912.
New Orleans . . .
4.939
2.546
Galveston . . .
! 1.358
102
Mobile
988
46
Savannah
2.348
1,295
Charleston
129
131
Wilmington. . . .
65
56
Norfolk
36
429
Pacific coast . . .
13.630
Philadelphia
60
Total
23,643
5,605
INTERIOR
MOVEMENT.
1913.
1912
Houston
625
586 "
Augusta
17
Memphis
575
849
St. Louis
739
683
Cincinnati. . .
353
Little Rock . . .
107
Total
2,491
1.625
THE WEATHER.
Conditions.
WASHINGTON. May 29 - There will
be showers to-night ami Friday in the
lake region, but in the remainder of the
country ♦•ast <>f the Mississippi River
the weather will be generally fair.
Temperature changes will be slight.
General Forecast.
Following is the general forecast until
7 p. m., Friday:
Georgia: Fair to-night and Friday.
Virginia: Generally fair to-night and
Friday.
Nortli and South Carolina, Alabama
ami Mississippi: P'air tonight and Fri
day.
Florida and Tennessee; Fair to-night
ami Friday.
Missouri. Minnesota, Iowa. the Dako
tas and Kansas: Fair and cooler
Nebraska; Mostly, cloudy with prob
able showers; cooler.
Illinois; Showers and cooler.
Indiana, Michigan and Wisconsin.
Show ers
A wonderful magazine given
FREE with every copy of the
next Sunday American.
EGGS—Fresh country, candled, 17©
18c.
BUTTER—Jersey and creamery, in
1-lb blocks. 27%©30c; fresh country,
fair demand. 17%©22%c.
UNDRAWN POULTRY—Drawn, head
and feet on, per pound: Hens. I6©17c;
fries, 22% a25c. roosters. 8<01Oc; tur
keys, owing to fatness, 17@19c.
LIVE POULTRY Hens. 40©60c:
roosters, 30©35c; broilers. 3Bc per pound;
puddle ducks, 30©35c; Peking, 35<&>40c;
geese, 600 60c each; turkeys, owing to
fatness, 15© 17c.
FRUITS AND PRODUCE.
FRUITS AND VEGETABLES—Lem
ons, fancy, $5.50©6.00; grapefruit, $2.65
©4.00; cauliflower. 10©12%c lb.: ba
nanas, 3c lb ; cabbage, $1.60(0)1.75 per
crate; peanuts, per pound, fancy Vir
ginia, 6%©7c, choice 6%©6c; lettuce,
fancy, $2 0002.50: beets, $1.75©2.00 in
half-barrel crate*; cucumbers. $2.25©
2.50. Eggplants (scarce). $2.00©2.50 per
crate; peupers, $2.00©2.60 per crate; to
matoes. fancy, six-basket crates, $3.00©
3.50; pineapples. $2.60©2.75 per crate;
onions, $1.75 per bag (qpntaining three
pecks), sweet potatoes pumpkin yams,
80@85c' strawberries, 8© 10c per quart;
fancy Florida celery, $5 00 per crate;
okra, fancy six-basket crates, $3.00©
3 50.
FISH.
FISH—Bream and perch, 7c pound;
snapper, 10c pound; trout, 10c pound;
bluensh, 7c pound; pompano, 20c pound;
mackerel, 7c pound; mixed fish, 60>6c
pound; black bass, 10c pound; mullet,
ill.00 per barrel.
FLOUR AND GRAIN.
FLOUR -PosteU s Elegant. $7.75;
Omega, $7.60; Carter’s Best, $7.75; Qual
ity (finest patent). $6.60; Gloria (self
rising), $6.25; Results (self-rising), $6;
Swans Down (fancy patent), $6.00; Vic
tory (the very best patent), $6.50; Mon
ogram, $6.00; Queen of the South (finest
patent), $6.60; Golden Grain, $5.60;
Faultless (finest), $6.26; Home Queen
(highest patent), $5.75; Paragon (highest
patent), $5.76; Sunrise (half patent),
$5 00, White Cloud (highest patent)
( 6.25, White Daisy (highest patent)
5.25; White Lily (high patent), $5.25;
)iadem (fancy high patent), $5.75; Wa
ter Lily (patent), $6.16; Sunbeam, $6;
Southern Star (patent), $5; Ocean
Sprav (patent), $5; Tulip (straight),
$415; King Cotton (half patent), $4.86;
low-grade 98-lb. sacks, $4.00.
SI^GAR T’er pound: Standard gran
ulated 5c. New York refined 4%c, plan
tation 4.86c.
COFFEE -Roasted (Arbuckle) $24.60,
AAA A $14 50 tn bulk, in bags and bar
rels $21, green 20c.
RICE -Head 4%©6%c, fancy head 5%
©6%c, according to grade.
LARD—Silver leaf 13c pound, Scoco
8%c pound, Flake White 8%c, Cotto-
lene $7.20 per case, Snowdrift $5.85 per
case.
SALT One hundred pounds, 53c, salt
brick (plain) per case $2.25, salt brick
(medicated) per case $4.85, salt red rock
per hundredweight $1. salt white per
hundredweight 90c, Granocrystal, per
case, 25-lb. sacks. 75c; salt ozone per
case 30 packages, 90c; 60-lb. sacks, 30c;
25-lb sacks 12c.
M ISC ELLA NKOUS—Georgia cane syr
up 37c; axle grease $1.76. soda crackers
7%c pound, lemon crackers 8c. oyster
7c. tomatoes (two pounds) $1.65 case,
(three pounds) $2 25, navy beans $3.26,
Lima beans 7%c, shredded biscuit $3 60,
rolled oats $3 90 per case, grits (bags)
$2.40. pink salmon $7, cocoa 38c, roast
beef $3.80, syrup 30o per gallon. Sterling
ball potHsh $3.30 per case, soap $1.5004
per cast', Rumford baking powder $2.60
per case.
CORN Choice red cob 88c, No. 2 white
bone dr> 86c, mixed 85c, choice yellow
84c, cracked corn 86c.
MEAL— Plain 144-pound sacks 79c, 96-
pound sacks 80o, 48 pound sacks 82c, 24-
pound sacks 84c, 12-pound sacks 80c
OATS Fancy white clipped 55c. No. 2
clipped 54c, fancy white 53c. mixed 62c.
COTTON SEED MEAL—Harper $30;
Cremo feed $27
COTTON SEED HULLS—Square
sacks $17.
SEEDS—Amber cane seed 90c, cane
seed, orange 95c. rye (Tennessee) $1.26.
red top cane seed $1.36, rye (Georgia)
91.85, blue seed oats 50c, barley $1.25,
Burt oats 70c.
HAY Per hundredweight: Timothy
choice, large bales, $1.25; No. 1 small
bales $1 25. No. 2 »mall $116. Timothy No.
1 clover mixed, large bales $1.26, silver
clover mixed $1.16, clover hay $1.10, al
falfa hay, choice green $1.25, No. 1 $1.20,
wheat straw 70c. Bermuda hay 90c
CHICKEN FEED—Beef scrap. 100-lb.
sacks. $3 25; 60-lb. sacks. $1.66; Purina
pigeon feed. $2.20; Purina baby chick
feed. $2 05; Purina scratch. 100-lb sacks.
$1 90; 60 lb. sacks. $2.00. Purina scratch,
bales. $2.10; Purina chowder, 100-lb.
sacks. $2 06; Purina chowder, dozen
pound packages. $2.26; Victory baby
chick, $2 05. Victory scratch. 60-lb.
sacks, $1 96. 100-Ib sacks, $1 90; wheat,
two-bushel bags, per bushel, $1.40%;
oyster shell, 80c; special scratch. 100-lb.
sacks, $1.8C. Eggo. $1 85: ct\arcoal, 50-lb.
sacks, per 100 pounds. $2 00.
CHICAGO CASH QUOTATIONS.
U HU'A GO. May 29 Wheat. No 2
red. 1.05© 1.07; No. 3 red. 95© 102. No.
2 hard winter. 93%©95%. No. 3 hard
winter. 91 ©94. No 1 northern spring,
*3© 95%: No. 2 northern spring, 92©94.
No 3 spring. 90© 92.
Corn No 2. 58© 58%; No 2 white.
f>9 % (a 59% ; N - 2 vellow, 68©68% ; No 3.
57U©69%: No. 3 white. 69©59%: No. 3
yellow, 57% ©58: No. 4. 67%© 67%; No. 4
white, 68%©58%; No. 4 yellow. 57%4i
Oats. No *2 white. 41. No. 3 white.
39V44M0; No. 4 white. 87(039; standard.
41© 41%.
Today's New York
Stock Market
Following are the highest, low-
e»t and last prices of stocks sold
in New York to-day:
Last Prev.
STOCK— High.
Low.
Sale.
Close.
Amal. Cop. .. 73%
73>/,
73'/,
73
Am. Ice . . 23£i
23 7 ,
23V,
23
Am, Sugar . 110%
110H
110H
110
•Am. Smelt. . 66 ! /4
64 V.
64'/,
Am. Loco
«...
48
Am. Car Pdy
....
....
48
Am. Cot. Oil ....
....
....
39
Am. Wool
17%
Anaconda . . 37‘/a
377,
377,
37
Atchison . . . 99* b
99
f»
991/,
A. C. L. . . . 121
121
121
121V.
Am. Can .. 327*
32V/,
32*/,
3254
do. praf. 92 1 g
92'/.
92 1 ,
92V,
Am. B Sugar 27* #
Am. T. and T
27V,
27'i
27
1«'/ 4
Am. Agrl
46
Beth Stael
32V,
B. R T. . . 9V/ 4
90%
91
90%
B. and O. . . 98
98
98
98
Can Pee. . . 228
225%
227'/.
230%
Corn Prod. . 10
10
10
•74
C. and 0. .. 6414
64'/,
64'/,
64V.
Consol. Gee .
132
Gen. Leathar. 21*/ a
21
21
20%
Col. F. and 1. 31
31
31
30%
CoL Sou. .
28
D. end H. t62y 4
192H
162%
151%
D. end R. G. 17'/,
167,
16%
1634
DIs. Sacu, .. 1.11/ #
10V,
111/4
10V,
Erie 27'/?
26%
27'/,
27%
do. pref. 42 1 g
42
42
42V,
•Gan. Elac. .136%
1367,
136%
138
Gol. Cona
1 7 /,
Gt. West. ... 1314
13
13
13
G. N. prof, . 126'/,
126
126'/ 4
125%
G. N. O. 32'/,
31'/,
32V,
32
Int. Har., old
103'/,
III. Can
114
Interboro. . . 14%
14'4
14'/.
14V,
do. pref. 49%
494,
4934
493/,
Iowa Can
7
K. C. S. . 22i/,
22
22V,
22
M„ K. and T. 22',
21H
21%
229,
do. pref
59'/,
L. Valley. . . 155
156
155
154%
L. and N.
133%
Mo. Pacific. 34
32'/,
32%
3334
N. Y. Central 99%
99%
99%
Northwest
129%
**N. and W. . 104'/,
KW/,
104' 2
105%
No. Pacific. . 114'/,
1144 b
114'/,
114'/^
O. and W. 28
27>fe
27*4
28
Penna. . . . 109%
109 3 b
10934
109%
Pacific Mall
21V,
P. Gas Co. . 108'/,
108'
108'/,
10854
P. Steel Car. 23%
233 4
23V,
Reading. . . 161'/,
160
160%
160%
Rock Island . 17
1634
1674
16%
do. pfd. 29%
29".
29V,
29H
R. 1. and Steel 22*/ s
22
22
22*/,
do. pfd
81'',
S.-Sheffield
29
So. Pacific. . 97
98V,
95%
963 8
So. Railway . 24%
23'4
24
23%
do. pfd. . 77'/,
77'/,
77'/4
76'/,
St. Paul. . 107'%
107
107'/,
107'/,
Tenn. Copper 33'/ a
33'/,
33'/,
33'/,
Texas Pacific. 15
13
13
15
Third Avenue .
3234
•Union Pacific ^bOV 4
147%
148%
151%
U. S. Rubber .
62%
Utah Copper 50
49' ,
49'/,
49%
U. S. Steel . 60%
60
60%
60
do. pfd. . 106'/ s
106'/,
106'/,
106
V.-C. Chem. . Z7'/ 4
27
27
27V,
W. Union . . 64%
643 4
64%
65
Wabash.
2V,
do. pfd
....
7'/,
W. Electric
....
61V*
W. Central
....
47
W. Maryland ...
39'/,
Total sales, 194.000
shares. *Ex
-dlvl-
dend, 2% per cent. **Ex-dlvidend, 2
per cent. ***Ex-dividend, 1% per cent.
MONEY AND EXCHANGE.
NEW YORK, May 29.—Money on call
1%©3 per cent. Time money un
changed; 60 days. 4 per cent; 90 days.
IL per cent; six months, 4%©5 pef
cent.
Posted Rates Sterling exchange.
i.83%©4.87, with actual business in
bankers' bills at 4 86% (S4 8680 for de
mand and 4.8305 for 60-day bills.
Prime mercantile paper unchanged
MINING STOCKS.
BOSTON. May 29. -Opening: Pond
Creek. 18%; Calumet and Arizona, 64%;
East Butte, 11%; Boston Corbin. 59;
Nip. 8%.
BAR SILVER.
NEW YORK. May 29.—Commercial
bar silver, 60; Mexican dollars, 48
IS IT WORTH
8'/3 CENTS
A DAY TO
YOU?
To be within instant call
of the stores and markets
where you do your shop
ping ; to be in constant
touch when necessary with
your physician, with the
police, with the Are depart
ment?
Eight and one-third cents
a day will put an Atlanta
phone in your home, and
give you all these safe
guards and conveniences.
ATLANTA TELEPHONE
& TELEGRAPH CO.
COURSE OF WHEAT RELYING
ON CHARACTER OF WEATHER
STEADIES WHEAT
Covering of Shorts Over Holiday
Causes Strength in Face of
Easier Cables.
ST. LOUIS CASH QUOTATIONS.
Wheat—No 2 red 96 ©103
Corn—No. 2 59 © 59%
Oats—No. 2 38 © 39
CHICAGO, May 29.—Contradictory re
ports were received on the weather in
Kansas to-day and on this the prices
Minged late. Wichita reported 97 de
grees and Hutchinson and Dodge City
each 100 degrees. As a part+al offset to
iis were reports of showers in one or
two sections and denials of the addi
tional moisture later on. The May fu-
ure was down 1% from the best price
reached at one time and July was off
lc and September was %c lower, but
there were some reactions and advances
as the day wore away and final figures
showed May %c better, July %c higher
and September up %c.
Corn closed unchanged to %c lower
and oats were unchanged to %©%c
higher
Provisions closed fractionally better.
Grain quotation* to p. m :
1:30 Prev.
*High. Ix>w. P.M. Close
WHEAT—
CHICAGO, May 29.—The Inter^Ocean
says: “It was the general belief of wheat
traders last night that the market from
now on will be governed largely by the
character of the weather and crop re
ports. The bull interests contend that
sufficient damage has been done to win
ter wheat to warrant higher prices.
“There were many bears on corn last
night who expect lower prices with an
Increased movement, which is due from
now on. Those who are buying on breaks
advise the theory that the movement will
not come up to expectations of the bears.
Conservative people are advising cau
tion in buying outs on bulges, although
they believe that a continuation of the
buying that has of late been seen will
carry prices higher/*
CHINCH BUGS DAMAGING GRAIN.
CHICAGO, May 29.—Great Bend,
Kansas, says. "Rain is badly needed
and grasshoppers are a menace.’’
Otis, Barton County, Kansas, says:
“Our wheat crop is a total loss.’’
Omaha says: "Clear and hot over
the State; temperature 72.’’
McPherson, Kansas, special reports
high south winds absorbed moisture
and made decided change in wheat out
look, besides millions of chinch bugs in
wheat and corn.
Lawton, OkJa., wireR: “My informa
tion from unbiased sources indicates
crop for State based as present condi
tion about same as last year."
May
July
Sept.
Dec.
CORN—
May . ..
July ....
Sept.
Dec.
OAT8-
Ma.v ....
July ....
Sept. ...
Dec. ...
PORK—
July ....20 27%
Sept ...19.90
LARD—
May ...11.22%
July . ..11.17%
Sept ...11.20
RIBS—
May ....12.75
July ...11.80
Sept. ...11.40
92%
92
91%
93%
58%
57%
58 %
56%
42%
38%
38%
38%
Low.
91
91%
90%
92%
57%
67
57%
55%
42
38%
37%
38%
20.15
19.86
11.17%
11.07%
11.17%
12.50
11.65
11.35
91%
91%
90%
92%
58%
57%
57%
56
42
38%
38
38%
20.25
19.87%
11.20
11.17%
11.20
12.75
11.75%
LI. 40
91%
91%
90%
92%
57%
57 Vi
57%
56
42%
38 %
37%
38%
20.12%
19.77%
11.12%
11.07%
11.17%
•
12.50
11.65
11.35
LIVERPOOL GRAIN MARKET.
LIVERPOOL. May 29.—Wheat opened
% to %<* lower, /vt 1:30 p. m. the
market was V* to %d lower; closed %d
lower to %d higher.
Corn opened unchanged. At 1:30 p m.
the market was % to %d lower; closed
unchanged to %d lower.
OPINION ON GRAIN.
CHICAGO. May 29.—Bartlett, Frazier
& Co.: Wheat—The weather map
shows mostly clear in the Northwest.
We feel that purchases on breaks
should be made.
Corn—Weather very favorable. We
do not care to press the short side.
Oats On any fair decline prefer the
long side.
Provisions—The market seems to
meet with good buying on all setbacks.
CHICAGO CAR LOTS.
Following are receipts for Thursday
and estimated receipts for Friday:
IThursday I Friday.
Wheat
25
15
Corn
362
315
(>ats
388
240
He*!
21,000
17,000
NEW YORK COFFEE MARKET.
| Opening. |
Closing.
January . . . .
10.92@98
10.92@94
February . , .
10.93(011
10.94096
March
11.00
11.(18
April
11.00 @05
10.96098
May
11.01
GILES MAKES CONDITION
OF COTTON 84.6 PER CENT
Miss Giles makes ths condition of the
cotton crop as of May 24 at 84.6, as com
pared with 80.8 on May 25 ia*t year.
She gives the acreage an increase of 3.7
per cent and the amount of land still to
oe planted 9 per cent, against 12 per
cent last year, also approximate area
planted and to be planted as 36,709,000
acres, compared with her estimate In
1912 of 34,424,000 acres picked.
The condition to May 24, by Stato*.
follows;
Virginia, 80. against 79; North Caro
lina, 82, against 83; South Carolina, 73,
against 8i>; Georgia, 75, against 80;
Florida, 89, against 80; Alabama. 79,
against 79 Mississippi, 89. against 74;
Louisiana, 86, against 72; Texas, 90,
against 86; Arkansas, 88. against 68;
Tf*nnessee. 87, against 76; • Oalahotna,
96. against 76. TotaJ, 84.6. against 80.8
LIVE STOCK MARKET.
CHICAGO, May 29—Hogs: Receipts
21,000. Market strong. Mixed and
butchers. $8.40©8.76; good heavy, $8.50
(ff8.66; rough- heavy, $8.20© 8.40; light,
p.45@8.70; pigs, $6.40@8.30; bulk, $3.55©
8.60
Cattle: Receipts 3,000. Market weak.
Beeves. $7.00©8.76; cows and heifers,
$3.40©8.25: stockers and feeders, $6.00©
7.75: Texans, $6.50@7.50; calves, $8.50©
10.75.
Sheep; Receipts 12,000 Market weak.
Native and western, $4.25©6.10, lambs,
$3.25©7.75.
CHICAGO. May 29—Cattle: Receipts.
2,100. including 900 Southerns; market
steady: native beef steers, 5.25@9.00;
cows and heifers. 4.50(08.60; stockers
and feeders. 5.25©7.50. Texas steers.
5.25©7.75; cows and heifers, 4 00(07.00:
calves, 6.00©10.26.
Hogs; Receipts, 12,000; market
steady; mixed and butchers, 8.66(08.70;
good to heavy. 8.60©8.70; rough, 8.00©
8.25; light. 8 60(08.70; bulk, 8.55©8 66;
pigs, 7.00@8.60.
PRIMARY MOVEMENT.
WHEAT—
| 1913.
“T91T
Receipts
Shipments
409,000
552,000
566.000
CORN—
Receipts
580.000
292,000
Shipments
296,000
230.000
COTTON OK
INCREIS154.fi P.C.
The Journal of Commerce Gives
Number of Acres Planted in
1913 as 36,435,000.
NEW YORK, May 29.—The cotton
acreage for the season of 1918, as de
termined by 1,907 special correspondent*
of The Journal of Commerce, shows an
Increase of 4.8 per cent over last year,
based upon the revised estimate of the
Government of 34,766,000 acres for 1912.
The area planted for 1913 would be
36,435,000 acres Percentage condition of
an average date of May 20 is 80.5, as
compared with 76.9 a year ago and 79 for
the ten-year acreage. In 1911 the per
centage condition was 83.8. Figures for
North and South Carolina are incom
plete. owing to late planting and to the
fact that a large proportion of the cotton
is not yet up
Acreage changes and the condition by'
States are shown in the following ta
ble:
Acreage Condition Condition
Estimate to May to Mayf
States- 1913. 20,1913. 20,1913.
N. Carolina . 102 78 84.1
S. Carolina .. 100 59.9 79
Georgia 100 76.3 74
Florida .... 99.2 79.9 72.4
Alabama . . . 100.7 79.6 71.8
Mississippi . . 108.2 80.6 70.6
Louisiana . . 122.8 81.6 71
Arkansas . • 107.6 86.3 72.3
Tennessee 104.6 88.8 73.6 i
Missouri . ..» Ill 83 78.3
Oklahoma . . 113.9 89 6 78.7
Texas .... - 104.8 82.7 8L8
Total * * ^ 104.8
80.5
78.9
White City Park Now Open
June. . .
July . . .
September
August . .
October .
November .
December
10.80
10.78
10.96
10.85
10.93(011
10.93
10.93
Closed steady; sales 56,250 bags.
! Save money NOW
! Furniture at High’s.
on
LOWRY NATIONAL BANK
Capital $1*000,000 r
Surplus $1,000,000 ;
Savings Department Safe Depit Dons
SUNDAY AMERICAN
The American
Monthly Magazine
Facsimile Page Beginning the New Great Story.
W “T
lL^=s=s
* I was Professor of Bngiish Literature
Chapter I
NHE way, led along upon what had
once been the embankment of a
railroad. But no train had run
upon it for many years. The
forest on either side swelled up
the slopes of the embankment
and crested across it in a green
wave of trees and bushes.
The trail was as narrow as a man’s body, and
was no more than a wild-animal runway. Occa
sionally; a piece of rusty iron, showing through the
forest mould, advertised that the rail and the ties
still remained. In one placet a ten-inch tre
ing through at-a connection, pad lifted
rail clearly into view. TheJ
lowed the rail, held to it b>
for its bed to be filled withj
that now the crumj
ur
His beard,
which should
have been
snow white,
but which
showed the
same weather- (
wear and camp-
stain ashishair,:
fell nearly to:
his waist in a
great tangled
mass. About
his- chest and
shoulders hung'
a single, mangy
garment 61
goat-skin. His
arms and legs,'
withered and
skinny, betok-,
ened extreme
age, as well as
did their sun
burn and scars
and scratches
betoken long
years of expos
ure to the ele
ments. _
The boy; who
led the way,
checking the
eagerness of his
muscles to the
slow progress
of the elder,
likewise wore a single garment—a ragged-edged pie^
of bearskin, with a hole in the middle thio'
he had thrust his head. He could,
than twelve years old. Tuj
one ear was the freshly
one ha>d he carried aj
On his Pack, was
sheath hanging^
the battered handle oT
brown as a berry, and^
catlike tread. In
burned skin
keen and i
to bore J
and the*wy*s ga*e was fix
ed on the tops of the Agi
tated bushes. Then a
large bear, a grixaly, crash
ed into view, and likewise
stopped abruptly, at sight
of the humans. He did
not like them, and growled
querulously. Slowly the
boy fitted the arrow to
the bow, and slowly he_^.__ , T - pT
pulled the bowstring taut. I T W K A I 1-1% I
But he never removed tas^RLfU-LO A
eves ftom the bear. The
old man peered from 1 , un
der his green leaf at the
danger,and stood afrquietfy
as die bo^. For a few
His
UrEsr
And,
Short
-y* ’
seconds this muturfl earn- Novel
tinizing went on; then, the
bear betraying a growing irritability,-the boyfYdt:
a movement of his head, indicated that thedd.
must step aside from the trail and go do'
bankment. The boy followed, going ba<
holding the "bow taut uid ready. Th
a crashing among the Pushes from,
of the embankment told
The boy grinned as he_
'• A big un,Gi
The old man,
“They
thii
<§rd<sr y/oMir
th<s
mm