Newspaper Page Text
14
THE ATLANTA' GEOKGTAN 'AND NEWS,
EVE OF HOLIDAY
May Rides the ‘Toboggan’ Early,
Others Following—Bearish
Cable Causes Weakness.
■ FTW YORK, May 29.—A break of IS
! it* In May whu the feature of the
, t on market at the opening of the
coiron market to-day June followed
'v !j a decline of 16 point* and July 9
poi-rta from last night’s clo.se. New
rr><:} positions were under pressure, hut
on!v lost 4 to fi points The decline
‘■an due to private cables reporting a
•out in the mills of northern Lan-
*-ii1re. coupled with a bearish eroj
<• «litlon and acreage estimate by Miss
: ! s. She gave the condition of the
crop to May 24 as 86.4 and acreage an Jn-
< r« i*e of 3.7 per cent, indicating the
aci sage of 1913 would be 36,709,400
acroa
1 he weather map and sentiment were
bearish, which encouraged the bears.
Tbo ring and certain brokers who usu-
■ dl> represent spot interests were the
leading sellers. After the call the list
:nc‘eased its decline 1 to 3 points from
■‘■o opening Liverpool was a good
seller of July. There were about 6,000
la f and June notices issued, which
wei e immediately stopped by good
sources.
The hears were thunderstruck dur-
ng the forenoon when Bhorts grasped
i»>e opportunity to cover and sent May
ha« 1c to 11.44, within 2 points of the
i ri vious close. July Jumped to 11.40,
Within fifteen minutes the entire list
• ulied within 2 to 6 points from
Wednesday's final, or unchanged to 16
j its above the opening range.
About the only condition issued to
day encouraging to the bulls was The
rnal of Commerce, which was 80.6
However, there was a pressure to sell
the market from all quarters, but the
market took the selling remarkably well
in :he face of the bearish situation.
£ay went out at 11.36, a net loss of 8
I'm ntg from the early high point.
Ilie strength of the market was due
to covering over the holidays. In add!
i to this the trade expectR a bullish
vi-Fble supply statement to-morrow, ft
- «ld that clearances from the Pacific
coast of 18,630 goes In to-day's receipts
and to-morrow’s mill takings, which are
ex,>eoted to be bullish.
hiring the afternoon session the mar-
J ■ t was quiet Trice movement was
m.optically unchanged from the opening
ie el It is believed that the market Is
an even keel to go over the holidays.
Should the government report Monday
show the condition above 83 the market
w : 11 be sold.
Lt the close the market was steady
th prices net unchanged to 14 points
lower than the final quotations of Wed*
tif sday.
Following are 11 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-
g st. 11.56; October, 11.16; January,
11 17.
Estimated cotton receipts:
Thursday 1912.
New Orleans 1,000 to 1,600 1,453
halves ton 1,000 to 2,000 1,320
RANGE IN NEW YORK FUTURES.
c
£
£
hi)
►
%•
%
Ji
O
H
►M
3
0
£c
My 111.28 11.41111.2711
J’e 11.35 11.40 11.34 11
Jly 11.46111.50111.43 11
A’g 11.80 11.34 11.28 11
t* nt 11.12111.12 11.12111
<>'t ,11.06 11 08 11.02 11
J>*c 11.07111.09 11.04 11
in 11.02 11.04 10.98 11
l^b .... .... .... ..
dh in.iojll.12111.10(11
11.
11.
11.
11.
11.
11.
11.
11
11.
12 11
37-39
47-48
33-34
11- 13
05-06
04-06
06-07
02-03
02-03
12- 13
11.46-47
11.61-63
11.53-66
11 36-37
11.16-18
1110-11
11.09-11
11.00-07
11.06-07
11.06-08
11.16-18
Closed steady
LIVERPOOL COTTON MARKET.
LIVERPOOL. May 29.—Due 1H to 2
points lower, this market opened eusy,
at a net decline of 3 to 4 points At
'2:16 p. m. the market was barely
steady, 6% to 7% points lower on near
iK)sitions and 3 to 4 points decline on
late positions. Later the market ad
vanced % point from 12:16 p. m.
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 t>%
points from the closing quotations of
Wednesday.
Futures opened easy.
Opening
Range Close.
6.41 @6.39% 6.40
6.42 $6.38
6.384® 6.34
6 36 '§6.334
@6.23 4
S 6 124
6 064
May . . .
May-June
June-July
July-Aug
Aug.-vSept.
Kept.-Oct.’
Oct.-Nov.
Nov.-Dec.
Dec.-Jan.
Jan.-Feb.
Feb.-Mar.
Mar.-Apr.
Closed steady.
6.26
6 13
6.07
6.02
6.02 <5 6.02
6.034 ©6.04
@6.03
@6.024
6.394
6 354
6.34
6.244
6.12
6.054
6.014
6.01 4
6.01 4
6.024
6 034
Prev.
Closa.
6.46
6.46
6.414
6.394
6.294
6 17
6.10
6.07
6.06
6.054
6.O64
6 074
HAYWOOD & CLARK’S
DAILY COTTON LETTER.
NEW ORLEANS, May 29—With May
drawig to a close near positions anil
► pots are weakening, showing plainly
that professional supporLand operations
have alone held up prices Liverpool
this morning is 6@8 points down on old
crops against one point lower due and
9 points downon new against 1 point to
1 points lower due Political news is
bad. It is feared that a general war
will break out In the Balkans A lav-
terpool cable again made strong refer
ence to the probability of labor troubles
In -JAnoashlre.
Weather conditions continue verv
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,
market opened 30 points down on
7 points down on July and 5 points
bn new crops Support to new crops in
York checked selling pressure, but
reeling is against the market New
ToYk says trrat the strong support to
ne*- crops yesterday came from a Cin
cinnati operator. Between 6.000 and 8,-
606 tenders on May were made here this
morning
The into-sight for the week looks
around 60,000 bales against 65.064 last
year. We compare with mill takings of
1 Mi.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 quiet. Some further covering in
New York before the holidavs caused
steadiness.
RANGE IN NEW ORLEANS FUTURES
;i2 10^-12 10J12.10I12.10
... .... .... .... 11.86-
: 11.95 11 98 11.90 11.91111.91-
11.65111.68,11.54:11.56* 11.63-
! }.... (.... !ll.29-_
11.16 11.19.11.14*11.16,11.15-1
... ;... • ;. .. 1- . . . (11.14-1
11.16 11.17 11.13'1I.14111.14-1
rn.lgill 17111.17111.17111.17-1
'...■ j.... !.... 11.14-1
11-25 11:27 11.25i 11.27; 11.25-
MI LLER-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 recent relations.
'Hie weather is very favorable now
and for the next few days.
v\ith the holidays beginning to-night
business is restricted, but we anticipate
lower prices after tb. -bureau.
M
3
31
? I :j
o j £5 h
Dallas, Tex., wires. "Texas: Kan An
tonio threatening; balance State (dear,
pleasant. Oklahoma: Generally clear;
cool.’’
* • *
It was learned yesterday that 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 29.—Hayward
& 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, 7.16d; good middling, 6.81 cl; mid
dling. 6.61d; low middling. 6.47d; good
ordinary. 6 13d; ordinary, 6.79d.”
* • #
The New Orleans Timcs-Dernocrat
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
ivers and the 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 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 11V
Athens, steady; middling (1
Macon, steady; middling 11 4.
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 124.
Augusta, steady; middling 12c.
Norfolk, quiet; middling 124
Mobile, nominal; middling 11%
Galveston, quiet; middling 12 3-16
Oharleston, steady; middling 114.
Wilmington, quiet; middling 114
Little Rock, quiet; middling 11%
Baltimore, nominal; middling 12'>.
Memphis, quiet; middling 124.
St. Louis, quiet; middling 124.
Houston, steady; middling 124
Louisville, firm, middling 124
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
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:
1 Opening j Closlngr~~
Spot | I 7.194^7.28
June 7.16@ 7.25 ! 7.16&7.18
July 7.13$ V.T4 ! 7.16@7.19
August 1 7.19$ 7.20 | 7.24$>7.25
September .. ' 7.21(5)7.24 j 7.26@7.27
October 6.89@6.9l . 6.90(5 6.97
November . . .. 6.48$ 6.61 ' 6.46(56.50
December . . . .| 6.40@ti.41 ! 6.3P@6.4l
Jan nary . . 6.39 @ 6.641 | 6.39 @641
Closed steady; sales, 15,6o6 barrels.
PORT RECEIPTS.
The following table shows receipts at
the ports to-day compared with the
same day last year:
i 1913.
1912.
New Orleans
Galveston . .
Mobile. . . .
Savannah. .
Charleston. .
Wilmington.
Norfolk. . .
Pacific coast
Philadelphia
Total.
23,643
6.6df>
INTERIOR MOVEMENT.
1,625
THE WEATHER.
Conditions.
WASHINGTON. May 29—There will
country east of the Mississippi River
the weather will be generally fair.
Temperature changes will be slight.
General Forecaat.
Following is the general forecast until
7 p m., Friday:
Georgia: Fair to-night and Fridav.
Virginia Generali* iffTr to night and
Friday
North and South Carolina. Alabama
and Mississippi: Fair to night ami 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. ^
NEW YORK, May 20 The principal
trading at the outset to-day was In July I
which was ver> weak. Mitchell and
Schlll were the leading sellers of July.
After the call Riordan. Rothschild.
Schley and Hart corn were principal buy
ers. The market was sold on bearish
cables telling of a lockout In lAncasltire
and also on Miss Giles’ report
• • •
Weather news nnd sentiment were f
against the market, which helped the
decline along
• • •
Schlll Mitchell and Hubbard sold July
freely. The ring sold new crop months.
Wilson. Mfinds and Riordan w*r* 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
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 1n 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 1,006,000
acres increase over the previous year.
• * *
Browne. Drakeford A Co., Liverpool,
cable; "Decline caused by reason of re
versal straddles; old crops easy."
HARRIMAM ISSUES
FEATURE STOCKS
Dissolution Plan Submitted by
Judge Lovett Not Approved,
Causing Weakness.
Bv CHARLES W. 8TORM.
NEW YORK, May 29 - Moderate Im
provement was shown at the opening of
ihe stock market to-dav, there being a
notifiable absence of pressure. Read
Ing and Union Pacific were strong fea
tures. the former gaining % on earn
ings reports and tne latter advancing
4 after selling ex-dividend of 24. Amal
gamated Copper opened at 734, against
73 at the close last night
Among the other advances were
American <’an, 4; American. .Smelting.,
%. Erie, '4 . Northern Pacific, %; Penn
sylvania. 4; Southern Pacific, 4. and
United States Steel common, 4-
Canadian Pacific whs weak In conse
quence of selling In London and was
24 lower. Western i’nlon, Erie and
Atchison shaded fractionally.
There was some covering by traders
who feared to go short over the three-
day holiday.
The curb was steady.
Americans In London were Irregular
Southern Pacific sold to 954, * de
cline of 14 from the opening and 1
point from the noon level. I’nlon Pa
• ifle dropped to 1484, for a loss of
nearly a point from midday. Union
Pacific seesawed throughout the last
few minutes. Steel gained fractionally
■•it 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
closed Saturday, with the excep-
9 tlon of the Chicago Board of
v Trade
• All exchanges will reopen Mon-
b day for usual business,
v The Liverpool Cotton Exchange
* will remain open throughout the
holidays.
-J.
ATLANTA MARKETS
EGGS—Fresh country, candled, 17@
18c.
BUTTER—Jersey and creamery. In
1-lb blocks. 27 4 ©30c; fresn country,
fair demand. L74@'224c.
UNDRAWN POULTRY--Drawn, head
and feet on. per pound: Hens. 16@17c;
fries, 224®25c; roosters, 8@10c; tur
keys, owing to fatness, 17@19c.
LIVE POULTRY—Hens. 40@60c:
roosters, 30(g35c, broilers. S5c per pound;
puddle ducks, 30@35c; Pekins, 36@40c;
geese, 60@60c each; turkeys, owing to
fatness, 16@17c.
FRUITS AND PRODUCE.
FRUITS AND VEG ETA BLEB—Lem
ons. fancy, $5 50®6.00, grapefruit, 32.66
©4.00; cauliflower. 10@12%c lb. ba
nanas, 3c lb.; cabbage. $1.50@>1.75 per
orate; peanuts, per pound, fancy Vir
ginia, 64<fj7c, choice 5%@6c; lettuce,
fancy. $2 00@L(.50 beets, $1.75@2.00 In
half-barrel crates; cucumbers. $2.25©
2.60. Eggplants (scarce). $2.00@2.60 per
crate; peppers, $2.00@2.50 per crate; to
matoes. fancy, six-basket crates, $3.00©
3.50, pineapples, $260@2.75 per crate;
onions, $1.76 per bag (qpntalning three
necks); sweet potatoes, pumpkin yams,
80@85c; strawberries, sfylUc per quart;
fanei Florida celery, $5.00 per crate;
okra, fancy six-b&f’«ei crates, $3.00©
3 50.
FISH.
FISH—Bream and perch, 7c pound;
snapper, 10c pound; trout, 10c pound;
bluefish, 7c pound; pompano, 20c pound;
mackerel, 7c pound; mixed fish, 6@6c
pound; black bass, 10c pound; mullet,
$11.00 per barrel.
FLOUR AND GRAIN.
FLOUR -Postell’s Elegant. $7.76;
Omega, $7.50; 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), $6.50; 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), $6.75; Sunrise (half patent),
*5.00; White Cloud (highest patent),
$5.25; White Palsy (highest patent),
$5.25; White Lily (high patent). $5.25,
Diadem (fancy high patent), $6.76; Wa
ter Lily (patent), $6.16; Sunbeam, $6;
Southern Star (patent), $5; C»cean
Spray (patent), $6; Tulip (straight),
*4 15; King Cotton (half patent), $4.85;
low-grade 98-lb. sacks, $4 00.
SUGAR—Per pound: Standard gran
ulated 5c. New York refined 44c, 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 4 4@64c. fancy head 5%
©64c, according to grade.
LARD—Silver leaf 13c pound, Scoco
8%c pound. Flake White 84c, Cotto-
lene $7.20 per case, Snowdrift $5.85 per
ease
. SALT—One hundred pounds, 58c, 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;
26-lb sacks 12c.
MISCELLANEOUS—Georgia cane syr
up 37c. axle grease $1.76. soda crackers
74c pound, lemon crackers 8c. oyster
7c, tomatoes (two pounds) $1.65 case,
(three pounds) $2.25, navy beans $3.26,
Lima beans 74c, shredded biscuit $3 60,
rolled oats $3 90 per case, grlirt (bags)
$2.40. pink salmon $7, cocoa 3^c. roast
beef $3 80, syrup 30c per gallon. Sterling
ball potash $3.30 per case, soap $1.50@4
oer 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 80<
OATS—Fancy white clipped 55c, No. 2
clipped 64c, 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 96c. rye (Tennessee) $1.25,
red top cane seed $136. rye (Georgia*
$1.35. blue seed oats 50c. barley $1.26,
Burt oats 70c.
HAY’—Per hundredweight: Timothy
choice, large bales. $l.2o: No. 1 small
bales $1 25. No. 2 small $116. Timothy No.
1 clover mixed, large bales $1.25. shiver
clover mixed $1.15, clover hay $1 10. al
falfa hay. choice green $1.26, 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 05; Purina scratch. 100-lb. sacks,
$1.90; 60-lb. sacks. $2.00; Purina scratch,
bales. $3.10; Purina chowder. 100-lb.
sacks. $2.06; Purina chowder, dozen
pound packages, $2.26; Victory baby
chick, $2.06; Victory scratch. 60-lb.
sacks, $1.95: 100-lb. sacks, $1 90; wheat,
two-bushel bags, per bushel, $1 404;
oyster shell. 80c; special scratch. 100-Ib
sacks. $1 80; Fggo. $1 86; charcoal, 50-lb
Backs, per 100 pounds, $2.00.
CHICAGO CASH QUOTATIONS.
CHICAGO. May 29. Wheat. No 2
red. 1.06$n.07; No. 3 red. 96® 1.02: No
2 hard winter. 93 4 @ 95 4; No. 3 hard
winter. 91 @94; No 1 northern spring.
k@964; No. 2 northern spring, 92@94;
No. 3 spring. 90©92.
Com No. 2. 68@684: No. 2 white.
59 4 @594. No. 2 yellow, 58@684; No. 3.
574@ 68 4 : No 3 white. 59@59H‘ No. 3
yellow. 57-Vd58. No. 4 . 57 4 @67V No. 4
wjhlte, 58U@58\. No 4 yellow. 574@
*7 %
Oats. No *j white. 41 No 3’ white.
39 4 @40. No. 4 white. 37@89, standard,
41041*.
Today's New York
Stock Market
Following are
the highest
low-
pst and last prices of stocks sold
in New York to-day:
Last
Prev.
STOCK— High.
Low.
Sale.
Cloae.
Amal. Cop. .. 73%
73'/,
73*/.
73
Am. lee. . . 23%
23%
23%
23
Am. 8ugar . 110%
110%
110*4
110
♦Am. Smelt. . 68'4
64%
64%
64%
Am. Loco
48
Am. Car Fdy
....
48
Am. Cot. Oil ....
39
Am. Wool
17'/,
Anaconda . . 37*/ 8
37%
377,
37
Atchlaon . . . 99%
99
99
#9%
A. C. L. . . . 121
121
121
121%
Am. Can . 32%
32*4
32*4
32%
do. prof. . 92'/*
92*4
92*4
92'/^
Am. B. Sugar 27'
27*4
27*4
27
Am. T. and T
10/4
Am. Agrl
e . . .
46
Beth. Steel.
32*/ a
B. R. T. . . 91'/ 4
90%
91
907,
B. end O. 98
98
98
98
Can. Pac. . . 228
225%
227'/,
230%
Corn Prod. . 10
10
10
»%
C. end O. ,. 94'/«
64'/,
64'/,
64*/,
Coneol. Gee .
132
Gen. Leether 21'/ a
21
21
203,
Col. F. end 1. 31
31
31
30*/ 2
Col. Sou
28
D. end H. . . 162%
162%
162%
161*4
D. end R. G. 171,',
1«%
16%
16%
Die. Secu. .. 111/,
10*4
11.4
10*/,
Erie . . . 27* 2
26% •
27'/,
27'/,
do. pref. . 42*4
42
42
42%
•Gen. Elec. ..136%
136%
186%
138
Gol. Cons. . . .
1%
G«. Weet. ... 13*/*
18
13
13
G. N. pref. . 126*,
126
128' \
1253/4
G. N. O. 32*4
31*4
32%
32
Int. Har., old
103'4
III. Cen. . . .
114
Interboro . . 14'/*
14%
14%
14'/,
do. pref. . 49 1 4
49%
49%
493 4
Iowa Cen
7
K. C. 8. . . . 221/,
22
22*/,
22
M., K. end T. 22*/,
21%
21%
22%
do. pref
5#'/,
L. Valley. . . 166
165
165
164'/ 2
L. and N
133/a
Mo. Pacific. . 34
32/ a
323^4
3334
N. Y. Central 99%
99%
99%
Northwest
129'
**N. and W. . 104',4
104*4
104*
10534
No. Pacific. . 114*/j
11444
114/,
114/a
O. and W. . 28
27%
27%
28
Penna. . . 109%
109%
109%
109/2
Pacific Mali
21%
P. Gee Co. . 108*4
108'%
108/a
108%
P. Steel Car. 23%
233 4
23%
Reading. . 161*/*
160
160* ,
160/4
Rock Island . 17
16%
16%
167,
do. pfd. 29%
29%
29%
2904
R. 1. and Steel 22' 8
22
22
22*4
do. pfd
81 1 2
S. - Sheffield . .
29
So. Pacific . 97
95*4
95%
967,
So. Railway . 24%
23*4
24
237,
do. pfd.. . . 77'/*
77'/,
77'/,
76*%
St. Paul. . . 107'/ 8
107
107'/,
107/4
Tenn. Copper 33'/*
33*4
33'/,
33%
Texas Pacific. 15
13
13
16
Third Avenue .
32%
^Unlon Pacific 1b0'%
1477,
148%
161 %
U. S. Rubber . .
62''4
Utah Copper. 60
49*4
49%
493/4
U. S. Steel . . 60%
60
60'4
60
do. pfd.. . . 106' a
106'/,
106',
106
V.-C. Chem. . 27'\
27
27
27%
W. Union . . 64%
64%
6434
65 ^
Wabash.
2%
do. pfd..
....
7%
W. Electric
....
«...
61%
W. Central
47
W. Maryland ...
39/a
Total sales, 194.000
shares. *Ex
-dlvl-
dend, 2!/ 2 per cent.
♦♦Ex
•dividend, 2
per cent. ♦♦♦Ex-dividend, 1
'/e per
cent.
MONEY AND
EXCHANGE.
NEW YORK. May
29.—Money on call
2% @3 per cent.
Time
money
un-
changed; 60 days. 4
per cent; 90
days.
IS IT WORTH
8^3 CENTS
A DAY TO
Y00?
To b« within instant coll
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 fire 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 GO.
COURSE OF WHEAT RELYING
ON CHARACTER OF WEATHER
STEADIES WHEAT
1 M
Covering of Shorts Over Holiday
Causes Strength in Face of
Easier Cables.
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-
I ler wheat to warrant higher prices.
I "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
J they believe that a continuation of the
buying that has of late been seen will
carry prices higher.’
Corn—No. 2
Oats-No. 2
59 ^ 594
38 @39
CHICAGO, May 29.—Contradictory re
ports were received on the weather in
Kansas to-day and on this the prices
• ingod late. Wichita reported 97 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 14 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 4c better, July %c higher
and September up 4c.
Corn closed unchanged to 4© lower
and oats were unchanged to 4@Hc
higher.
Provisions closed fractionally better.
Grain quotations to
* High.
WHEAT-
92 Vi
92
91%
93 4
May
July
Sept.
Dec.
CORN—
May
July
Sept.
Dec.
OATS—
May
July
Sept.
Dec.
PORK—
July .,,.20.274
Sept ...19.90
LARD—
May ...11,224
July . ..11.174
Sept. ...11.20
RIBS—
May . ..12.75
July ...11.80
Sept. ...11.40
584
57
58 V.
66%
42%
38%
38%
38%
LiOW.
91
91%
90%
92%
67%
67
57%
65%
42
!?|
38%
20.16
19.85
11.174
11.074
11.174
12.50
11.65
11.35
1:30 Prev.
P.M. Close.
914
914
90%
92%
684
574
57%
56
42
38%
38
38%
20.25
19.874
11.20
11.174
11.20
12.75
11.764
11.40
914
91%
90%
92%
57%
674
57%
56
424
384
37%
38%
20.124
19.774
11.124
11.074
11.174
12.50
11.65
11.35
LIVERPOOL GRAIN MARKET.
LIVERPOOL, May 29.—Wheat opened
8 to 4d lower. At 1:30 p. m. the
market was 4 to %d lower; closed %d
lower to 4d higher.
Corn opened unchanged. At 1:30 p. m.
the. market was 4 to 4<3 lower; closed
unchanged to 4d lower
(iH INCH BUGS DAMAGING GRAIN.
CHICAGO, May 29.—Great Bend,
Kansas, says: "Rain is badly needed
and grasshoppers arc 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
aYid made decided change in wheat out
look. besides millions of chinch bugs In
wheal and copn.
Lawton, Okla., wires: "My Informa
tion from unbiased sources Indicates
crop for State 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 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:
Wheat
Corn ..
Oats ..
Hogs .
IThursday.i Friday.
TF
315
240
17,000
25
362
388
21,000
NEW YORK COFFEE MARKET.
I Opening. T Closing.
January .
February .
March . .
April . . .
May . • .
June. . .
July . . .
September
August . .
October .
November .
December .
10.92@98
10.93@11
11.00
11.00 @05
11.01
10.80
10.78
10.96
10.85
10.93@11
10.93
10.93
10.92(3)94
10.94@96
11.08 '
10.96@98
10.66 @70
Closed steady; sales 66,250 bags.
Save money NOW
Furniture at High’s.
on
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, 73,
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 76; OKlahoma,
96. against 76. Total, 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
@8.66; rough heavy, $8.20@8.40: light,
$8 45@8.70; pigs. $6.40@8.30; bulk, $3 65@
8.60.*
Cattle: Receipts 3,000. Market weak.
Beeves. $7.00@8.75; cows and heifers,
$3.40@8.25; Stockers and feeders, $6.00@
7.75: Texans, $6.50@7.60; calves, $8.50@
10. so.
Sheep: Receipts 12,000. Market weak.
Native and western, $4.2o@6.10; lambs,
$5.25@ 7.76.
CHICAGO, May 29.—Cattle: Receipts,
2,100, Including 900 Southerns; market
steady; native beef steers, 6.25@9.00;
cows and heifers. 4.50@8.50; Stockers
and feeders, 6.25@7.50; Texas steers,
5.25@7.75; cows and heifers, 4.00@7.00;
calves, 6.00@10.25.
Hogs: Receipts, 12,000; market
steady, mixed and butchers, 8.66@8.70;
r ood to heavy. 8.60@8.70; rough, 8.00@
25; light, 8.60@8.70; bulk,
pigs, 7.00@8.60.
PRIMARY MOVEMENT.
WHEAT— | 1913.
1912.
Receipts
Shipments
409,000
552,000
^Se.ooo
655.000
CORN—
Receipts
Shipments
580,000
296,000
292.000
230,000
COTTON ACREAGE
HEISTS 4.0 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 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 80.6. 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 Mav
States— 1913 20,1913. 20,1913.
N. Carolina . 102 78 84 l
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 80.5 70.6
Louisiana . . 122.8 81 6 71
Arkansas . . 107.6 85.8 72.3
Tennessee ... 104.6 83.3 73 6
Missouri .... Ill 88 73.3
Oklahoma . . 113.9 89 6 78 7
Texas 104.8 82 7 81.8
Total . . ,
104.8
80.5
76.9
White City Park Now Open
LOWRY NATIONAL BANK
Capital $1,000,000
Surplus $1,000,000
Savings Department Safa Depwit'Boxes
WITH
THE
SUNDAY AMERICAN
The American!
Moothly Magazine
Facsimile Page Beginning the New Great Story
« per cent; six months. 4%@5 per
cent.
Posted Rates: Sterling exchange,
1.88% @4.87, with actual business in
bankers' bills at 4.86%@4.8680 for de
mand and 4.8305 for 60-day bills.
Prime mercantile paper unchanged.
MINING STOCKS.
BOSTON, May 29—Opening: Pond
Creek, 18%; Calumet and Arizona. 64%;
East Butte, 11%; Boston Corbin. 59
Nip. 8%.
WWBSS
mum £it$
jdnhaiiV rail/ i
BAR SILVER.
NEW YORK. May 29.—Commercial
bar silver. 60; Mexican dollars, 48.
Bfe '>
“4 *m Professor of English Literature
Chapter I
►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, a piece of rusty iron, showing through the
forest mould, advertised that the rail and the ties
still remained. In one place,la ten-inch tree,
ing through at a connection, had lifted l'
rail clearly into view. Theftie had.,
lowed the rail, held to it b\®Jie;
for its bed to be filled withj
that now the crumb
His beard,
which should
have ' been
snow white,
but which
showed the
same weather-^
wear and camp-
stain ai his hair,'
fell nearly to (
his waist in a
great tangled
mass. About
his chest and
shoulders hung
a single, mangy
garment df
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
oi the elder,
likewise wore a single garment—a ragged-edged pi<
of bearskin, with a hole in the middle through wj
he had thrust his head. He could,
than twelve years old. Tuj
one ear was the freshly
one haf»d he carried a
On his oacL, was
sheath hangmj?
the battered handleo!
brown as a berry, and
catlike tread. In
burned skin
keen and si
to bore.
HIS ’
Latest
And,
Greatest
Short
Novel
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
boy fitted the arrow to
the bow, and slowly’ he
pulled the bowstring taut.'
But he never removed his
eyes from the bear. The
old man peered from" un
der his green leaf at the
danger, and stood as quietly
as the boy. For a few
seconds this mtftudl scru
tinizing went on; then, the
bear betraying a glowing irritability, the boy/’
a movement of his head, Indicated that the old j
must step aside from the trail and go don
bankment. The boy followed, gdihg bac
holding the bow taut uid ready. They
a crashmg.among the Bushes fromj
of the embankment told the
The boy grinned as hej
" A big un,Grans|
The old manj
•‘They i
thin>4
(yjmr
of ih<g
Jbmdaif cffimmmn
i am