Below is the OCR text representation for this newspapers page.

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