Atlanta Georgian. (Atlanta, Ga.) 1912-1939, May 29, 1913, Image 14

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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