Newspaper Page Text
COTTON WEAK ON
EIIE OF HOLIDAY
May Rides the ‘Toboggan’ Early,
Others Following—Bearish
Cable Causes Weakness.
BTW YORK. May 29.—A break of IS
r< i its In May was the feat tire of the
(•.iron market at the opening of the
Of on market to-day, June followed
v ’ 'l a decline of 16 points and July 9
points from last night * close New
<■!■•:> positions were under pressure, hut
only lost 4 to 6 points The decline
'v, ; due to private cables reporting o
out in the mills of northern Lan-
■. - Ure. coupled with a bearish crop
Jitlon and acreage estimate by Miss
<? * She gave the condition of thf
crop to May 24 as 86 4 and acreage an in-
' .i«e of 3 7 per cent, indicating the
at.sage of 1013 would t be 35,709,400
acres.
I he weather map and sentiment were
bearish, which encouraged the bears.
The ring and certain brokers who usu-
Mily represent spot interests were the
lea-ling sellers. After the call the list
• rv eased Its decline 1 to 3 points from
• • opening Liverpool was a good
seller of July. There were about 5,000
: and June notices issued, which
were immediately stopped by good
sou smb.
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,
M thin fifteen minutes the entire list
Kt(-.idled within 2 to 6 points from
dnesday’s final, or unchanged to 16
p« its above the opening range.
Vbout the only condition issued to
day encouraging to the bulls was The
i rnal of Commerce, which was 80.6
However, there was a pressure to sell
the market from all quarters, but the
rnuricet took the selling remarkably well
in the face of the bearish situation.
fay went out at 11.36, a net loss of 8
po nts from the early high point
The strength of the market was due
to covering over the holidays. In addi-
i to this the trade expects a bullish
visible supply statement to-morrow. It
mid that clearances from the Pacific
coast of 18,630 goes in to-day's receipts
and to-morrow’s mill takings, which are
ex jiected to be bullish.
•hiring the afternoon session the mar
ket was quiet. Price movement was
i>; rustically unchanged from the opening
ic el It Is believed that the market is
an even keel to go over the holidays.
Should the government report Monday
si ow the condition above 83 the market
w il be sold.
It the close the market was steady
w th prices net unchanged to 14 points
)o ver than the final quotations of Wed-
m sday
Following are 11 a., m. bids In New
York: May, 11.37; July, 11.46; August,
1128: October. 11.05; January. 11.01.
Following are 10 a. m. bids in New
O leans: May, 12.10; July, 11 95; Au-
a st, 11.56; October, 11.16; January,
11 17.
Estimated cotton receipts:
Thursday 1912.
aw Orleans 1,000 to 1,500 1,453
Gahuton l.ooo to 2,000 1.320
RANGE IN NEW YORK FUTURES.
Closed steady
12.1012.10 12.10112.101 12.85-
- • • - ... - !.. . . j11.86-88 11.90-
111.95 n.98 11.90 11.91 11.91-92 12.01-
11.55,11.58jll,54 111. 56'll.53-54 11.63-
........ .'11.29-31*11.So
il.16 11.19111.14511.16 11.16-16 11.21-
f........ 11.14-16 11.20-
jll,16iU.17 Ij.l3|11.14jll.l4-15lll.l9-
ll.1811.17:il.l7lll.l7lll.17-18 11.23-;
. ... .... 11.14-16 11.20-:
H.27,11.25 11.27111.26-27; 11.22-:
MILLER-CARTER COTTON LETTER.
MEMPHIS, TENN . May 29.—Several
condition reports, all of bearish im
port, were issued to-day'and the market
was plainly of bearish temper. But
Liverpool bought new crops on this side,
undoing straddles and our markets have
given appearance of steadiness, while
Liverpool--was weak, which is just the
reverse of r^ent relations
The weather is very favorable now
and for the next few days.
UiUi~4)ia-.holidays beginning to-night
business is restricted, but we anticipate
lower prices after iha bureau*
c
O
d
M
E
JS
s
0
II
vy
11.28 lit. 41 111. 27111.36
11.46-47
.1 «
11.35111.40 11.34 11.40
11.37-39
11.61 -53
Jiy
11.46| 11.50111.43111.48
11.47-48
11.53-66
-Vg
11.30111.34111.28 11.34
11.33-34
11.36-37
Fpt
11.12111.12|11.12(ll.12
11.11-18
11.16-18
,
11.06 11 08111.02:11.05
11.05-06
11.10-11
N*v
....
...
11.04-06
11.09-11
1 Fc
11.07 11.09 11.04 11.07
11.06-07
11.06-07
JYi
11.02 11 04 10.99111.02
1.1.02-03
11.06-07
1 "b
11.02-03
11.06-08
Mb
ii.ioii
1.12|11.10|11.12111.12-13
11.16-18
LIVERPOOL COTTON MARKET.
LIVERPOOL, May 29 -Due 1% to 2
iiolnts lower, this market opened easy,
at a net decline of 3 to 4 points. At
12:16 p. m. the market was barely
steady, 5% to 7>4 points lower on near
positions and 3 to 4 points decline on
ate positions. Later the market ad
vanced 14 point from 12:16 n. m.
Spot cotton easier at 9 points decline,
middling 6.61d; sales. 8.000 bales. In
cluding 6,900 American bales; imports.
4,000 hales, Including 1,000 American
bales.
At th© close the market was steady
with price© at a net decline of 4 to 6**
points from the closing quotations of
Wednesday.
Futures opened easy.
Opening Prev.
Range. Close. Close.
May .... 6 41 ©6.39% 6 40 6.46
May-June . 6.42 <96.38 6.39*4 6.46
June-July . 6.38%© 6.34 6.35*4 6.41V,
July-Aug . 6 36 ©6.33% 6,34 6.39%
Aug.-Sept . 6.26 ©6.23ft 6.24*4 6.29*,*
Kept -Oct. . 6 13 0)6.12(5 6.12 6.17
Oct.-Nov. . 6.07 $6 06ft 6.05ft 6.10
Nov.-Dee. . 6.01 6.07
Dec.-Jan . 6 02 <06 03 6.01ft 6.06
Jan -Feb . 6.02 (?* 6.02ft 6.01V* 6.05*4
Feb.-Mar. . 6.03*406.04 6.02*4 6.06*4
Mar.-Apr. 6.03*4 6 07ft
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 la 6<&8 points down on old
crops against one point lower due and
3 points downon new against 1 point 10
2 points lower due Political news is
ban: 4t is feared that a general war
will break out In the Balkans A Liv
erpool cable again made strong refer-
efice tp the probability of labor troubles
In Lark-a© hi re.
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 on
M/fcy. 7 points down on July and 5 points
on hew crop© Support to new- crops in
Nbw York” checked selling pressure, but
feeling le against the market. New
V©Hr says that the strong support to
r«ew crops yesterday came from a Cin
cinnati operator. Between 6.000 and 8.-
000 traders on Mky were made here this
morning
Tfce tnto-slght for the week looks
around 60,000 bales against 65.064 last
year We compare with mill takings of
159.000 bales for this week last year.
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 of
last year: the contract market settled
around 11.17 for October with trading
very tiuiet. Some further covering in
New York before the holidays caused
steadiness.
RANGE IN NEW ORLEANS FUTURES
NEW YORK. May 29 —The principal
adlng at the outset to-day was In July
which w'tts very weak. Mitchell and
Hchill were the leading sellers of July.
After the call Rlordan. Rothschild,
Schley and Hart corn were principal buy
ers. The market was sold on bearish
cables telling of a lockout In l-aancashire
and also on Miss Giles’ report
• • •
Weather news and sentiment were
against the market, which helped the
decline along
• * *
Schlll Mitchell and Hubbard sold July
freely. The ring sold new crop months.
Wilson, Jdunds and Rlordan were the
principal buyers of July.
• • •
The market sure hit the "toboggan"
at the outset, hut quickly recovered Its
course and rode the "airship.”
* * *
The cotton seed oil market will be
HommI ItI<Ih\, but will be open Satur
day.
• • •
New 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 cron posi
tions. which was due partly to liquida
tion by foreign straddlers and partly
against purchase of new crop and out
side liquidation. 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,
cable. "Decline caused by reason of re
versal straddles; old crops easy."
* * •
Dallas, Tex.. wires: "Texas Kan An
tonio threatening, balance State clear,
pleasant. Oklahoma: Generally clear;
cool."
• • *
It was learned yesterday that the
heavy buying of new crop by Hiordan
on Tuesday was long buying for an op
erator connected with a large Cincin
nati soap manufacturing concern.
* * *
NEW ORLEANS, May 29.—Hayward
A (’lark: 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, 6.81 d; mid
dling, 6.61d; low middling, 6.47d; got*!
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 tlie cotton market eased
off. However, the talent Is convinced
that the market Is a live corpse, with a
kick, and nobody is now treating it as a
dead one Meanwhile. New Orleans May
closed at 12.36, a premium of 34 points
over July, while New York May closed
at 11.46, a discount of 9 points under
July. New Orleans May stands at a
premium of 8!* points over New York
May. If there he 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 11%.
New Orleans, quiet; middling 12 5-16.
New Y'ork, quiet; middling 11.80.
Philadelphia, quiet; middling 11.90.
Boston, quiet; middling 11.80.
Liverpool, easier; middling 6.61d.
Savannah, firm; middling 12*4.
Augusta, steady; middling 12c.
Norfolk, quiet; middling 12%
Mobile, nominal; middling 11%.
Galveston, quiet; middling 12 3-16.
Charleston, steady; 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%.
Jiouisville, firm; middling 12%.
Charlotte, steady; middling 11%.
Greenville, quiet, middling 11%
COTTON SEED OIL.
NEW YORK, May 29.—The cotton
seed oil niarmd 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
finers. 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:
I Opening j closing. ~
\ I T. 19^7.28
.... 7.16<b)7.2& I 7.160)7.18
.... 7.130 T. 14 7.15©>7.19
.... 7.1907.20 ! 7.2407.26
.. I 7.2107.24 ! 7.26#7.27
... 6.890 6.91 j 6.0006.97
..j ti.48tff6.51 I 6.45tfi'6.S0
. .! 6.40# 6.41 6.39®'6.4t
.4 6 89 Si6.641 | 6.39$*.41
HARRIMAN ISSUES
E
Spot
June
July
August . .
September .
October .. .
November .
December .
January . .
Closed steady; sales, 15.600 barrels
THE WEATHER.
Condition*.
WASHINGTON. Max 29. There will
be showers to-night and Friday in the
lake region, but in the remainder of the
country past of the Mississippi River
the weather will be generally fair
Temperature changes will be slight.
General Forecast.
Following is the general forecast until
p. m.. Friday;
Georgia: Fair to-night and Friday.
Virginia: Generallj fair to-night and
Friday.
North and South Carolina. Alabama
and Mississippi: Fair to-night and Fri
day.
Florida and Tennessee: Fair to-night
and 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;
Showers.
A wonderful magazine given
FREE with every copy of the
next Sunday American.
Dissolution Plan Submitted by
Judge Lovett Not Approved,
Causing Weakness.
8» CHARL'8 W. STORM.
NEW YORK, Ma> 29 -Moderate Im
provement was shown the opening of
the stock market to-day 'here being a
noticeable absence of pressure. Read
lng and Union Pacific were stiong fea
fores, the former gaining % on earn
ings reports and the latter advancing
after selling ex-dlvldend of 2%. Amal
gamated Copper opened at 73*4, against
73 at the close last night
Among the other advances were
American Can, %. American Smelting,
*4; Erie, ft, Northern Pacific. %. Penn
sylvania. *4; Southern Pacific, %, and
United States Steel common, %
Canadian Pacific was w**ak in conse
quence of selling In l*ondon and was
2% lower. Western Union, Erie and
Atchison shaded fractionally
There was some covering by traders
who feared to go short over the three-
day holiday.
The curb wa» steady.
Americans In London were irregular
Southern Pacific sold to 96*4, a de
cline of 1% from the opening and 1
point from the noon level. Union Pa
eifle dropped to 148%. for a loss of
nearly a point from midday. Union
Pacific seesawed throughout the last
few minutes. Steel gained fractionally,
of Amalgamated Copper, Pennsylvania,
Frisco common and preferred and other
stocks practically stood still.
The market closed steady Govern
ment bonds unchanged, other bonds
firm.
AMERICAN EXCHANGES +
TO CLOSE FRIDAY ••
Tomorrow being Decoration Day • •
all American exchanges will be • •
closed to business, with the excep- ••
tion of the New Orleans Cotton ••
. Exchange All exchanges will be ••
•J- closed Saturday, with the excep- ••
i- tlon of the Chicago Board of ••
Trade. • •
• All exchanges will reopen Mon- «•
*• day for usual business ••
The Liverpool Cotton Exchange ••
• will remain open throughout the ••
holloa y»
t
PORT
RECEIPTS.
The following table shows
receipts at
the ports to-day
compart
with the
«ame day last year:
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
50
Total
1 237543
5,565
INTERIOR
MOVEMENT.
| 1913.
1912.
Houston
625
586
Augusta
K
Memphis
575
849
St. Louis
739
683
Cincinnati. . . .
353
Little Rock . . .
107
Total
2.491
1,625
ATLANTA MARKETS
EGGS—Fiesh country, candled, 17©
18c.
BUTTER—Jersey and creamery. In
l-lb. blocks. 27ft©30q; frtsn country,
fair demand. 17ft©22ftc.
UNDRAWN POULTRY—Drawn, head
and feet on, per pound: liens. 16©17c;
fries, 22 ft ©25c; roosters, 8<(/10c; tur
keys, owing to fatness, 17©19c.
LIVE POULTRY—Hens. 40@50c;
roosters, 30(ft36c; broilers. 3&c per pound;
puddle ducks, 30<ft35c; Pekina, 36©40c;
geese, 60®60c each; turkeys, owing to
fatness. 16(ftl7c.
FRUITS AND PRODUCE.
FRUITS AND VEGETABLES—Lem
ons, fancy, $6.50©6.00, grapefruit, $2.66
4^4.00; cauliflower. 100ftJJ2ftc lb.: ba
nanas. 3c lb.; cabbage, $1.50(8)1.75 per
crate; peanuts, per pound, fancy Vir
ginia, *ft©7c, choice 6%((Me: lettuce,
fancy, 42 00(0)2.50 beets, $1.75@2.00 In
half-barrel crates; cucumbers. $2.26(10
2.50. Eggplants (scarce), $2.00©2.50 per
crate; peppers, $2.00©2.50 per crate; to
matoes. fancy, six-basket crates, $3.00®
3.60; pineapples, $2.50©2.75 per crate;
onions, $1.76 per bag (qpntatning three
pecks); sweet potatoes, pumpkin yams,
80(ft)86c; strawberries, 8@l0c per quart;
fancy Florida celery. $5.00 per crate;
okra, fancy six-basket crates, $3.00®
3 60.
FISH.
FISH—Bream and perch, 7c pound;
snapper, 10c pound; trout, 10c pound;
bluensh, 7c pound; pompano, 20c pound;
mackerel, 7c pound; mixed fish, 5©6c
pound; black bass, 10c pound; mullet,
$11.00 per barrel.
FLOUR AND GRAIN.
FLOUR—Postell’s Elegant. 17.76;
Omega, $7.60; Carter’s Best, $7.76; 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), $6.60; Mon
ogram, $6 00; Queen of the South (finest
patent), $6.60; Golden Grain, $6.60;
•'aultless (finest), $6.26‘ Home Queen
(highest patent), $5.76; Paragon (highest
patent), $6.75; Sunrise (half patent),
S 5.00; White Cloud (highest patent),
6.25; White Daisy (highest patent),
5.25; White Lily (high patent), $5.26;
Diadem (fancy high patent), $6.75; Wa
ter Lily (patent), $6.16; Sunbeam. $5;
Southern Star (patent), $6; Ocean
Spray 1 patent). $5, Tulip (straight),
$4.15; King Cotton (half patent), $4.85;
low-grade 98-lb. sacks, $4 00
SUGAR—Per pound: Standard gran
ulated 6c. New York refined 4ftc. plan
tation 4,85c.
COFFEE—Roasted (Arbuckle) $24 50,
AAA A $14.60 in bulk, in bags and bar
rels $21, green 20c.
RICE—Head 4ft©6ftc. fancy head 5%
@6ftc, 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, 63c, 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; 50-lb. sacks, 30c;
25-lb sacks 12c.
MISCELLANEOUS—Georgia cane syr
up 37c, axle grease $1.76. soda crackers
7%e pound, lemon crackers 8c. oyster
7c, tomatoes (two pounds) $1.66 case,
(three pounds) $2.25, navy beans $3 25.
Lima beans 7%c. shredded biscuit $3 60,
rolled oats $3 90 per case, grits (hags)
$2.40. oink salmon $7, cocoa 38c, roast
beef $3 80. syrup 30c per gallon. Sterling
ball potash $3.30 per case, soap $1.6064
per case, Rumford baking powder $2.50
per case.
CORN Choice red cob 88c, No. 2 white
bone dry 86c, mixed 85c, choice yellow
84c. cracked corn 86c.
MEAL—Plain 144-pound sacks 79c, 96-
pound sacks 80c, 48 pound sacks 82c, 24-
pound sacks 84c, 12-pound sacks 80c
OATS Fancy white clipped 55c, No. S
clipped 54c, fancy white 53c, mixed 52c.
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 25,
red top cane seed $1.35. rye (Georgia)
$1.36, blue seed oats 60c, barley $1.26,
Burt oats 70c
HAY Per hundredweight: Timothy
choice, large bales. $1.25: No. 1 small
bales $1.25, No. 2 small $1.15, Timothy No.
1 clover mixed, large bales $1.25, silver
clover mixed $1.16, clover hay $110, al
falfa hay, choice green 81.25, No. 1 $1.20,
wheat straw 70c. Bermuda hay 90c.
CHICKEN FEED- Beef scrap. 100-lb.
sacks, $3.26; 60-lb sacks. $1.66; Purina
pigeon feed. $2.20; Purina baby chick
feed. $2.06; Purina scratch, 100-lb. sacks,
$1.90; 50-lb sacks, $2 00, Purina scratch,
bales. $2.10; Purina chowder. 100-lb.
sacks. $2 06; Purina chowder, dozen
pound packages. $2.36; Victory baby
chick, $2 05: Victory scratch. 60-lb.
sacks. $1.96, 100-lb. sacks. $1.90; wheat,
two-bushel bags, par bushel, $1.40*4;
oyster shell. 80c; special scratch. 100-Ib.
sacks, $1 80; Eggo. $1.85; charcoal, 50-lb
sacks, per 100 pounds. $2.00
Today's New York
Stock Market
Following are the highest, low-
est and last
prices of stocks sold
in New York to-day:
Last
Prev.
STOCK—
High.
Low.
Sale.
Clo...
Amal. Cop. ..
7SH
73'/,
73'/,
73
Am. lee. . .
23%
235,
23%
23
Am, Sugar .
110%
110%
110%
110
•Am. Smelt. .
66'/*
64%
64%
64'/ s
Am. Looo. ..
....
....
48
Am, Car Fdy.
....
....
.,. •
48
Am. Cot. Oil
....
39
Am. Wool . .
17V,
Anaconda . .
s T a
37%
377,
37
Atchison , , .
99%
99
99
•*•/.
A. C. L. . . .
121
121
121
121%
Am. Can
32%
32'/,
32'/,
32%
do. pref. .
M'/a
»2'/i
92'/a
92'/,
Am. B. Sugar
27'/,
27'/a
27'/,
27
Am. T. and T.
19'/,
Am. Agrl, . .
46
Beth. Steel. .
32'/,
B. R. T. . .
91' 4
90%
91
90%
B and O. ..
98
98
08
98
Can. Pac. . .
228
225-%
227'/,
230'4
Corn Prod. .
10
10
10
»%
C. and O. ..
«♦'/.
64'/.
64'/,
64'/,
Coneoi. Gas
132
Gen. Leather
21'/a
21
21
20%
Col. F. and 1.
31
31
31
30*/,
Col. Sou. . . .
28
D. and H. . .
182%
162%
16284
151%
D. and R. G.
17J4
167/,
16%
16%
Dls. Secu. . .
in/.
10*/,
ii>/«
10»/ t
Erie
W/a
20%
27'/,
27'/,
do. pref. .
42/,
42
42
42V,
•Qen. Elec. .
136%
136%
136%
138
Gol. Cone. ..
17/4
Gt. Weet. . . .
13'/«
13
13
13
G. N. pref. .
126' 4
126
120%
125%
G. N. O.
82*/*
31'/,
32'/.
32
Int. Har., old
103'/ f
III. Cen. .
114
Interboro. . .
U'/ 4
14'/,
14'/,
14'/,
do. pref.
4934
4994
49%
40 a*
Iowa Cen. . .
7
K. C. S. . . .
22' 8
22
2214
22
M., K. and T.
22'" 2
21%
2134
22%
do. pref .
59'/,
L. Valley . .
156
156
166
154»/ t
L. and N..
133'/,
Mo. Pacific.
34
32'/,
32%
33%
N. Y. Central
Northwest.
99%
99%
99%
129'/,
**N. and- W. .
104'/*
1041/,
104' 'a
10534
No. Pacific .
11«'/a
11444
114'/ f
114'/ a
O. and W. .
28
27%
27%
28
Penna. . . .
1099,
109%
109%
109!/a
Pacific Mall .
21'/a
P. Gas Co. .
108'/,
108'/,
1081/,
108%
P. Steel Car.
235,
2334
23%
Reading . .
1«1'/i
160
160%
160' \
Rock Island
17
10%
16%
16%
do. pfd.. . .
29H
29%
29%
29%
R. 1. and Steel
22'%
22
22
22»/ a
do. pfd.
811/ 2
S.-Sheffield .
29
So. Pacific. .
97
96'/,
95%
96%
So. Railway .
24*»
23%
24
2374
do. pfd.. . .
77'/,
77'/,
77'/,
76|/a
St. Paul. . .
107'/,
107
107'/,
1071/4
Tenn, Copper
33'/,
33'/,
33'/,
33i/a
Texas Pacific.
15
13
13
16
Third Avenue
32%
•Union Pacific
160'/,
147%
148%
151%
U. S. Rubber
62' 4
Utah Copper.
50
49'/,
49'/,
493 4
U. S. Steel .
SO 1 ,
60
60%
60
do. pfd.. .
106' 8
106'/,
106%
106
V.-C. Chem. .
271/4
27
27
27'/,
W. Union . .
643/4
64%
64%
65
Wabash. . .
....
2'/,
do. pfd.. . .
....
7'/,
W. Electric .
....
....
61%
W. Central. .
....
47
W. Maryland
«...
39»/ 2
Total sales,
194,000
shares. *Ex
-dlvl-
dend, 2Vz P«r
cent.
••Ex
•dividend, 2
per cent. ***Ex-divldend, l‘/ a per
cent.
MONEY
AND
EXCHANGE.
NEW YORK. May
29.—Money on call
2% ©3 per cent.
Time
money
nt; 90
un-
changed; 60 days, 4
per ce
day,.
CHICAGO CASH QUOTATIONS.
CHICAGO, May 29. Wheat. No 2
red, 1.06(ft' 1.07; No. 3 red. 95<ftl.02; No.
2 hard winter. 93ft © 95ft. No. 3 hard
winter. 91 ©94; No. 1 northern spring.
>3<ft'95%; No. 2 northern spring, 92<&94.
No. 3 spring, 90© 92.
Corn No. 2, 68©68%; No. 2 white.
59% ©59%. No. 2 yellow, 58©SSft; No. 3.
57 % © 68% : No. 3 white. 69©'59%: No. 3
yellow, 57 ft ©58; No 4, 57%©57%: No. 4
white, 58%©58% No 4 yellow. 57*4©
Oats. No 2 white. 41 No. 3 white.
39%© 40. No. 4 white, 37© 39, standard,
U ©41%.
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 ftre depart
ment?
Eight and one-third cents
a day will put an Atlanta
phone in your home, and
give yon all these safe
guards and conveniences.
ATLANTA TELEPHONE
& TELEGRAPH GO.
GENERAL BUYING
STEADIES WHEAT
Covering of Shorts Over Holiday
Causes Strength in Face of
Easier Cables.
COURSE OF WHEAT RELYING
ON CHARACTER OF WEATHER
ST. LOUIS CASH QUOTATIONS.
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 oats on bulges, although
they believe that a continuation of the
buying that has of late been seen will
carry prices higher.’
Wheat—No. 2 red
Corn—No. 2
Oats—No. 2
96 ©103
59 © 59%
38 $> 39
CHICAGO, May 29.—Contradictory re
ports were received on the weather in
Kansas to-day and on this the prices
Inged late. Wichita reported 9< de
grees and Hutchinson and Dodge City
each 100 degrees. As a partial offset to
is 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 %o lower
and oats were unchanged to %#%c
higher
Provisions closed fractionally better.
Grain quotations to .
WHEAT
May ....
July ...
Sept:. ...
Deo. ...
CORN—
May ....
July ....
Kept.
Dec
OATS—
May ....
July ....
Sept. ...
Dec. ...
PORK—
July ...20
Sent. ...19
LARD—
May .. .11.
July .. .11
Sept ...11,
FIBS—
May . ..12
July . ..11
Sept. ...11
r High.
92%
92
91%
93%
58%
57*%
58%
56%
42%
38%
38%
38%
27%
90
22%
17%
20
.75
80
40
Low.
91
91%
90%
92%
57%
57
57%
65%
42
P
38%
20.16
19.85
11.17%
11.07%
11.17%
12.50
11.65
11.35
m.:
1:30 Prev.
P.M. Close.
91%
91%
68%
57%
57%
56
42
38%
38
38%
20.25
19.87%
11.20
11.17%
11.20
12.76
11.75%
11.40
91%
91%
90%
92%
67%
57%
57%
56
42%
38%
37%
38%
20.12%
19.77%
11.12%
11.07%
11.17%
12.50
11.65
11.2?
LIVERPOOL GRAIN MARKET.
LIVERPOOL, May 29.—Wheat opened
% to %d lower. At 1:30 p. m. the
market was % 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.
CHICAGO, May 2h.—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, Okla., wires: "My informa
tion from unbiased sources indicates
crop for Ktate based as present condi
tion about same as last year."
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 9ide.
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
Friday.
Wheat
25
15
Corn
362
315
Oats
388
240
Hogs
21,000
17,000
NEW YORK COFFEE MARKET.
i
Opening I
Closing.
January
February .
March . •
April* , • •
May . . ,
June. . .
July . . .
September
August . .
October .
November ,
December ,
10.92©98
10.93@U
11.00
11.00 ©05
11.01
10.80
10.78
10.96
10.85
10.93@11
10.93
10.93
10.92(394
10.94(396
11.08
10.96@98
i 0. 68 ©70 '
10.70(3 72
10.90 <390
10:80 <382
10.90(390
10.90$ 91
10.91@93
GILES MAKES CONDITION
OF COTTON 84.6 PER CENT
Miss Giles makes the condition, of the
cotton crop as of May 24 at 84.6, as com
pared with 80.8 on May 25 iast year.
She gives the acreage an Increase of 3.7
per cent and the amount of land still to
be planted 9 per cent, against 12 per
cent last year, also approximate area
planted and to be planted as 35,709,000
acres, compared with her estimate in
1912 of 34,424.000 acres picked.
The condition to May 24, by States,
follows:
Virginia, 80. against 79; North Caro
lina, 82, against 83; South Carolina, 78.
against 85; Georgia, 75, against 80;
Florida, 89, against 80; Alabama, 79,
against 79: Mississippi, 89. against 74;
Louisiana, 85, against 72; Texas, 90,
against 86; Arkansas, 88. against 68;
Tennessee, 87, against 75; UKlahoma,
96, against 76. Total, 84.6, against 80.8.
LIVE STOCK MARKET.
CHICAGO, May 29.—Hogs; Receipts
2 L,000. Market strong. Mixed and
butchers. $8.40©8.75; good heavy, $8.50
©8.65; rough heavy, $8.20@8.40; light.
$8.45@8.70; pigs. $6.40(38.30; bulk. $3.55©
8.60.
Cattle: Receipts 8,000. Market weak.
Beeves, $7.00©8.75; 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,
$5.25<&7.75.
CHICAGO, May 29.—Cattle; Receipts.
2,100. including 900 Southerns; market
steady; native beef steers, 5.26©9.00;
cows and heifers, 4.50@8.50; stockers
and feeders, 5.25@7.50; Texas steers,
5.25©7.75; cows and heifers, 4.00©7.00;
calves, 6.00(310.25.
Hogs: Receipts. 12,000; market
steady; mixed and butchers, 8.6o@8.70;
good to heavy, 8.60©8.70; rough, 8.00©
8.25; light, 8.60@8.70; bulk, 8.65@8.66;
pigs, 7.00©8.60.
PRIMARY MOVEMENT.
WHEAT— 1 1913.
1913.
Receipts 409,000
Shipments 552,000
~m;ooo
656,000
CORN-
Receipts I 580,000
Shipments | 296,000
292.000
230,000
COTTOlimE
INCREASES4.8P.G.
The Journal of Commerce Gives
Number of Acres Planted in
1913 as 36,435,000.
NEW YORK, May 29. -Th* cotton
acreage for the season of 1913, as de
termined by 1,907 special correspondents
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 cottpn
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 May
States- 1913. 20, 1918. 20, 1913.
N. Carolina . 102 78 84.1
S. Carolina . . 100 69.9 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 85.3 72.3 j
Tennessee ... 104.6 83.3 73.6
Missouri .... Ill 83 73.3
Oklahoma . . 113.9 89.6 78.7
Texas .. .. 104.8 82 7 81.8
Total . s. „ 104.8 80.6
76.9
White City Park Now Open
Closed steady; sales 56,250 bags.
Save money NOW on
Furniture at High’s.
LOWRY NATIONAL BANK
Capital $1,000,000
Surplus $1,000,000 y .
Savings Department Sate Deposit Boxes
SUNDAY AMERICAN
The American
Monthly Magazine
Facsimile Page Beginning the New Great Story
WITH
THE
P
4% per cent; six months, 4%©5 per
cent.
Posted Rates: Sterling exchange,
t.88%©4.87, with actual business in
bankers’ bills at 4.86%©4 8680 for de
mand and 4.8305 for 60-day bills.
Prime mercantile paper unchanged.
mm
MINING STOCKS.
BOSTON, May 29.—Opening; Pond
Creek, 18%; Calumet and Arizona. 64%;
Fast Butte, 11%; Boston Corbin. 59;
Nip, 8%
fc v-V
5 i s
■v v '
17’.k-' r ■ . V-.-V
&
BAR SILVER
NEW YORK. May 29. -Commercial
bar silver, 60; Mexican dollars, 48.
'
life
UK
“■l was Professor of English Literature
Chapter !
>HE 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, 1 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 tree
ing through at a connection, fad lifted
rail clearly into view. The (tie had,
lowed the rail, held to it bwtjie
for its bed to be filled withj
that now the crumj
His beard,
which should
have been
snow white,
but which
showed the
same weather-'
wearandcamp-J
sit®) stain as his hair,
•a? 'JI fell nearly toj
his waist in a
great tangled
mass. About
his chest and
shoulders hung’
a single, mangy
garment 6f
goat-skin. His
arms and legs,’
withered and
skinny, betok-,
ened extreme
age, as well as
dtd their sun
burn and scars
and scfatches
betoken long
years of expos
ure to the ele
ments.
- The boy, who
led the way,
checking the
eagerness of his
musclea to the
slow progress
of the elder,-
likewise wore a single garment—a ragged-edged pieq
of bearskin, with a hole in the middle throuzh wj
he had thrust his head. He coult^
than twelve years old. Tu
one ear was the freshly
one haW he carried a
On his Pack was
sheath hanging
the battered handle o!
brown as a berry, and
catlike tread. I:
burned skin
keen and si
to bore.
and the boy’s gaze was fix-
ed on the tops of the agi
tated bushes. Then a
large bear, a grizzly, crash
ed into view, and likewise
stopped abruptly, at sight
of the humans.. .He did
not like them, and growled
querulously. Slowly the
hoy fitted the arrow to
the bow, and slowly knTT»C*T
pulled the bowstnng taut. I _|V Is A I f V I
But he never removed his^ 1 Villa 11.1^0 A
eyes from the bear. The
old man peered from un
der his green leaf at the
danger.and stood as quietly
as the boy. Tor a few
seconds this mvfturf) scru
tinizing went on; then, the
bear betraying a growing irritability, the boyTwtth
a movement of his head, Indicated that the ola jm
must step aside from the trail and go doe
bankment. The boy followed, goftg bac
holding the bow taut and ready. They
a crashing among the Bushes fromj
of the embankment told the
The boy grinned as hej
“A big un.Gransj
The old manj ‘
“They i
thifi
ioug
; HIS
Latest
AND,
Short
Novel
@r<gfer y/mr
ism
'am