Newspaper Page Text
THE GEORGIAN’S NEWS BRIEFS
II
Markets
GRAIN
Continued
ATLANTA MARKETS
INVESTMENTS FOR FARMERS
OLD METHODS—PRESENT CHANCES
ROTATION OF CROPS—WASTE OF TIME
By JOHN PLOWMAN.
ST. LOUIS CASH QUOTATIONS.
Wheat—No. 2 red 100 @106
Corn—No. 2 58%
Oats—No. 2 39
CHICAGO, June 3.—There was heavy
buying of wheat during the last half
hour by the big short of LaSalle Street,
who has been on the selling side for
some time past and who seemed anxious
to secure a bundle of money that was
within easy reach in the way of profits.
The day’s closing showed net gains of
%@%c as compared with the resting
spots of last night. When the big short
inaugurated a buying movement it found
a large number of professionals on the
short side and the demand became per
sistent and quite general.
There was no export business. One of
the larger exporters here claimed that
the bids on spring wheat were consider
ably out of line and there were no re
ported transactions in the winter de
scription.
Coarse grains were higher and strong
with gains of %@lc in corn and %@%c
tn oats.
Provisions were lower all around.
*
Previous
High.
Low.
Close. Close.
WHEAT—
July
91%
90%
91%
90%
Sept
. Mis
90
90%
90%
Dec
93
92%
92%
92%
CORN-
July
58%
57%
58%
57%
Sept
59%
58%
59%
58%
Dec
57%
56%
57%
56%
OATS—
July
39%
38%
39%
38%
Sept... ..
. 38%
38
38%
38%
Dec
39%
38%
39%
PORK
July....
20.27%
19.97 %
20.07%
20.32%
Sept....
19.85
19.65
19.72%
19.92%
LARD-
July....
11.02%
10.87%
10.92%
11.10
Sept....
11.12%
10.95
11.00
11.17%
Oct
11.00
10.87%
10.90
11.07%
RIBS-
July....
11.75
11.55
11.70
11.80
Sept....
11.40
11.22%
11.27%
11.45
Oct
11.07%
10.97%
10.97%
11.12%
CHICAGO CASH QUOTATIONS.
CHICAGO, June 3.—Wheat No. 2 red.
1.00@1.04; No. 3 red, 94@95; No. 2 hard
winter, 91@93%; No. 1 Northern spring,
92@94; No. 2 Northern spring, 9l@92;
No. 3 spring, 90@91.
Corn, No. 2 5814,; No. 2 white, 59%@
59%; No. 2 yellow, 58%@59; No. 3, 58@
59; No. 3 white. 59@59%; No. 3 yellow,
58(o 58%; No. 4, 57@57; No. 4 white,
58%@58%; No. 4 yellow, 57@£>8%.
Oats, No. 2 white, 40%@41%; No. 3,
39; No. 3 white, 39%@40%; No. 4, 38%;
No. 4 white, 38@39%; standard, 40%@
41 y 2 .
CHICAGO CAR LOTS.
Following are receipts for Tuesday and
estimated receipts for Wednesday:
EGGS—Fresh country, candled, 18@
19c.
BUTTER—Jersey and creamery, In
1-lb. blocks. 27%@3©c; fresh country,
fair demand, 17%@22%e.
UNDRAWN POULTRY—Drawn, head
and feet on, per pound: Hens, 17@18c;
fries. 22%@25c: roosters, 8@10c; tur
keys, owing to fatness, 17@19c.
LIVE POULTRY—Hens. 40<a>50c:
roosters, 30@35c; broilers. 35c per pound;
puddle ducks, 30@35c; Pekms, 3&@40c;
geese, 60@60c each; turkeys, owing to
fatness. 15@17c.
FRUITS AND PRODUCE.
FRUITS AND VEGETABLES—Lem
ons, fancy, $5.50@6.00; grapefruit, $2.50
@4.00; cauliflower. 10@12%c lb.: ba
nanas, 3c lb.; cabbage, $1.50@1.75 per
crate; peanuts, per pound, fancy Vir
ginia, 6%@7c, choice 5%@6c; lettuce,
fancy, $2.00@2.50: beets. $1.75@2.00 in
half-barrel crates; cucumbers, $1.25(g)
1.50. Eggplants (scarce), $2.00@2.50 per
crate; peppers, $2.00 per drum; to
matoes, fancy, six-basket crates, $2.00@
2.50; pineapples, $2.50@2.75 per crate;
onions, $1.75 per bag (qpntaining three
pecks); sweet potatoes, pumpkin yams,
80@85c; strawberries, 8@lUc per quart;
fancy Florida celery, $5.00 per crate;
okra, fancy six-basket crates, $3.00®
3.50.
How shall farmers invest their sur
plus money so that it may be safe and
bring in a reasonable income? Sixty
per cent of them or more do not lose
much sleep on that subject. They are
more troubled about how they shall get
enough money to keep the family and
farm going. Three-quarters of a cen
tury ago in all this Piedmont country
of the Carolinas and Georgia farmers
were the capitalists. The citizens of the
small towns hi that day did not have
much money, unless they made it on
the farms before moving into town.
There were no banking facilities, no fire
and burglarproof safes, and the money
was kept in the bureau drawers at home.
When they attended a public sale, with
the expectation of purchasing property
offered, they carried a roll in their pock
et or saddle bags. It is told that there
was a sale of valuable land and negroes
at a certain town and purchasers came
from all directions. If they did not
wish to buy, the sale attracted them
FISH.
FISH—Bream and perch, 7c pound;
snapper, 10c pound; trout, 10c pound;
bluetlsh, 7c pound; pompano, 20c pound;
mackerel, 7c pound; mixed fish, 5@6c
pound; black bass, 10c pound; mullet,
$1100 per barrel.
FLOUR AND GRAIN.
FLOUR—Postell’s Elegant. $7.75;
Omega, $7.50; Carter’s Best, $7.75; Qual
ity (finest patent), $6.50; 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), $6.25; Homo Queen
(highest patent), $5.75; Paragon (highest
patent). $5.75; Sunrise (half patent),
$5.00; White Cloud (highest parent),
$5.25; White Daisy (highest patent),
$5.25; White Lily (high patent). $5.25;
Diadem (fancy high patent), $5.75; Wa
ter Lily (patent), $5.15; Sunbeam, $5;
Southern Star (patent), $5; Ocean
Spray (patent), $5; Tulip (straight),
$4.15; Krug Cotton (half patent), $4.85;
low-grade 98-lb. sacks, $4.00.
SUGAR—Per pound: Standard gran
ulated 5c, New York refined 4%c, plan-
t&tion 4 85c
COFFEE—Roasted (Arbuckle) $24.50,
A AAA $14.50 In bulk, in bags and bar
rels $21, green 20c.
RICE—Head 4%@5%c, fancy head 5%
@6%c, according to grade.
LARD—Silver leaf 13c pound, Scoco
8%c pound, Flake White 8%c, Cotto-
lene $7.20 per case, Snowdrift $5.85 per
anyway. Some of the crowd began to
discuss the amount of money a certain
farmer had brought with him. It was
estimated at $10,000. Others said that
a certain other farmer had brought more
than that. The controversy was re
ferred to the two men. In a good-na
tured manner they listened to their
neighbors and each showed more than
the ten thousand. The only investments
farmers could make at that time was in
land or negroes. It came about by 1850
that there were many men who owned
large tracts of land, and it' has been
held in some instances to this day by
the families. When a farmer’s negroes
increased beyond the capacity of his
farm, he would either hire them out or
colonize them out in the States border
ing on the Mississippi River. A tract
of land would be secured and the ne
groes would pack up and move to their
new homes in wagons. That was before
the day of railroads. When a cross
roads merchant, or one in the towns,
needed money to meet his fall payment
for goods he called on his farmer friend,
for he was sure to get it. The reason
that farmers had money in those days
t-aoc.
SALT—One hundred pounds, 53c, salt
brick (plain) per case $2.25, salt brick
(medicated) per case $4.85, salt red rock
per hundredweight $1, salt white per
hundredweight 90c, Granocrystal, per
case, 2F-lb. sacks, 75c; salt ozone per
case 30 packages, 90c; 50-lb. sacks, 30c;
was that there was nothing to spend it
for. They made their own supplies and
many of them were sellers of corn,
wheat, bacon, horses and cattle. There
were no pleasure jaunts on railroads, no
automobiles, no soda fountains, no thea-
Tuesday jWedn’sday
Wheat
56
15
Corn
859
437
Oats
572
269
Hogs
14,000
40,000
PRIMARY MOVEMENT.
WHEAT—
1913.
1912.
Receipts
Shipments
427,000
573,000
293,000
641,000
CORN— |
Receipts
Shipments
1,437,000
345,000
1,027,000
343,000
LIVERPOOL GRAIN MARKET.
LIVERPOOL, June 3.—Wheat opened
%d lower. At 1:30 p. m. the market was
•% to %d lower. Closed % to %d lower.
v Corn opened %d lower. At 1:30 p. m.
the market was % to %d lower. Closed
% t,o %d lower.
NEW YORK COFFEE MARKET.
Coffee quotations:
Opening.
| Closing.
January
10.58@10.60
10.47
@10.49
February
10.59@10,63
10.49
@10.51
March
10.62
10.52
@10.53
April
10.63@10.65
10.53@10.54
May. , . . . .
10.64
June. (•••»■
10.33
10.21
@10.23
July
10.35
10.24
@10.25
August . . . . .
10.45
10.34
@10.35
September. . . .
10.56
10.43
@10.44
October. . . . . .
10.56
10.43@10.44
November
10.56
10.44
@10.45
December
10.57
10.45
@10.46
Closed steady. Sales, 74,250 bags.
COTTON SEED OIL.
NEW YORK, June 3.—The cotton seed
oil market was steady on the opening,
but the list soon turned easy under
scattered liquidation on lard weakness
atid lack of outside trade.
Cotton seed oil quotations:
| Opening.
Closing.
Spot
7.20@7.50
JunG • • * • • •
7.27@7.40
7.20@7.22
J ul y • • « * • •
7.24@7.26
7.17@7.18
August
7.30@7.31
7.22@7.23
September . . . .
7.31@7.32
7.24@7.25
October ....
6.95@7.00
6.90(0)6.91
November ....
6.49@6.52
6.43@6.46
December . . . .
6.41@6.43
6.30fa)6.40
January
6.40@6.42
6.35@6.39
Closed heavy; sales 15,500 barrels.
LIVE STOCK MARKET.
CHICAGO. June 3—Hogs—Receipts
14,000. Market 5c lower. Mixed and
butchers, $8.4Q@8.80; good heavy, $8.55@
8.75; rough heavy, $8.30@8.50; light, $8.50
@8.80; pigs, $6.50@8.35; bulk, $8.60@8.70.
Cattle—Receipts 2,500. Market strong.
Beeves, $7@8.75; cows and heifers, $3.40
@8.25; stockers and feeders, $6@7.75;
Texans, $6.50@7.50; calves, $9@11.
Sheep—Receipts 16,000. Market steady.
Native and Western, $4@5.35; lambs,
$5.10@7.50.
ST. LOUIS, June 3.—Cattle—Receipts
6,000, including 1,200 Southerns. Mar
ket steady. Native beef steers, $5.75@
9; cows and heifers, $4.50@8.50; stoek-
ers and feeders, $5.25@7.50; calves, $6@
10.50; Texas steers, $5.25@8.00; cows and
heifers, $4@7; calves, $5@6.50.
Hogs—Receipts 17,000. Market 10c
lower. Mixed $8.50@8.70; good, $8.60@
8.70; rough, $8.10@8.25; lights, $8.65@
8.70; pigs, $7.50@8.a0; bulk, $8.6O@8.70.
Sheep—Receipts 8,000. Muttons, $5@
5.75; yearlings, $6.25@6.75; lambs, $7@
7.45.
WEATHER IN GRAIN REGION. _
Canadian Northwest clear, 38 to 50;
Northwest part cloudy, 48 to 58; Moor
head, .04; West cloudy, 58 to 72; Valen
tine, .28; North Platte, .40; Omaha, .04;
Southwest, 64 to 78, cloudy; Dodge City,
.01; Wichita, .30; Springfield, Mo., rain
ing, 1.56; Ohio Valley part cloudy, 64 t<?
74. Kansas City says corn and wheat
region bulletin shows rain at seven
points. Iola, Kansas, .37; Macksville,
.20; Sedan, .30; Wichita, .30; Enid, Okla.,
yq- Springsplri Mu., L5&.
25-lb sacks 12c.
MISCELLANEOUS—Georgia cane syr
up 37c, axle grease $1.75, soda crackers
714c pound, lemon crackers 8c, oyster
7c, tomatoes (two pounds) $1.65 case,
(three pounds) $2.25, navy beans $3.25,
Lima beans 7%c, shredded biscuit $3.60,
rolled oats $3.90 per case, grits (bags)
$2.40, pink salmon $7, cocoa 38c, roast
beef $3.80, syrup 30c per gallon. Sterling
ball potash $3.30 per case, soap $1.50@4
per case, Rumford baking powder $2.50
per case. . .
CORN—Choice red cob 88c, No 2 white
bone dry 86c, mixed 85c, choice yellow
83c. cracked corn 85c.
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 56c, No. 2
clipped 55c, fancy white 54c, mixed 53c.
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) $1.2(5,
red top cane seed $1.35, rye (Georgia)
$1.35, blue seed oats 50c, barley $1.25,
Burt oats 70c.
HAY—Per hundredweight: Timothy
choice, large bales, $1.25; No. 1 small
bales $1.25, No. 2 small $1.15, Timothy No.
1 clover mixed, large bales $1.25, silver
clover mixed $1.15, clover hay $1.10, al
falfa hay, choice green $1.25, No. 1 $1.20,
wheat straw 70c, Bermuda hay 90c.
CHICKEN FEED—Beef scrap, 100-Ib.
sacks, $3.25; 50-lb. sacks, $1.65; Purina
pigeon feed, $2.20; Purina baby chick,
feed, $2.05; Purina scratch, 100-lb. sacks,
$1.90; 60-lb. sacks, $2.06: Purina scratch,
bales, $2.10; Purina chowder, 100-lb.
sacks, $2.05; Purina chowder, dozen
pound packages, $2.25; Victory baby
chick, $2.05; Victory scratch, 50-lb.
sacks, $1.95; 100-lb. sacks, $1.90; wheat,
two-bushel bags, per bushel, $1.40%;
oyster shell, 80c; special scratch, 100-Ib.
sacks, $1.80; Eggo, $1.85; charcoal, 50-lb
WHEAT PRICES WILL SOAR
UNLESS GOOD RAINS FALL
CHICAGO, June 3.—The Inter-Ocean
says: ‘‘The bulls in wheat said that un
less the weather map to-day showed
heavier and more general rains than
were reported yesterday higher prices
are likely, although they admit that they
are not getting much help from the out
side public to bull the market.
“Most of the local trade were out of
their wheat last night and a fair-sized
short interest created. To have the
smallest visible supply of com for June
1 in over 34 years with the crop the
largest on record, is the most surprising
feature of the corn trade. The bulls
argue that it is greatly in their favor,
while the bears said it cut little figure,
as they believe that there are larger re
serves back in the country.”
NEW YORK PRODUCE.
NEW YORK, June 3.—Petroleum,
firm.
Turpentine, firmer. 41@42.
Rosin, common, 4.75@4.80.
Wool, quiet; domestic fleece, 24@28;
pulled, scoured basis. 33@55; Texas,
scoured basis, 48@55.
Hides, steady; native steers, 17@19%;
branded steers, 16% @16%.
Coffee, steady; options opened un
changed to 1 higher; Rio No. 7 on spot,
11@11%.
Rice, steady; domestic, ordinary to
prime, 4@5%.
Molasses, steady; New Orleans, open
kettle, 35@50.
Sugar, raw, quiet; centrifugal. 3.30@
3.33; muscovado, 2.80@2.83; molasses
sugar, 2.55@2.58.
Sugar, refined, quiet; fine granulated,
4.25; cut loaf, 5.05 bid; crushed, 4.95 bid;
mold A, 4.60; cubes, 4.50 bid; diamond
A, 4.25 bid; confectioner’s A, 4.10 bid;
softs, No. 1. 4.00 (No. 2 is 5 points
lower than No. 1 and Nos. 3 to 14 are
each 5 points lower than the preceding
grade.)
Potatoes weak; white nearby, 2.40@
2.87; Bermudas. 2.00SO.0Q.
ters and picture shows. There was not
an eternal begging for a score of church
enterprises and there were no collectors
going around begging for the hundred
charitable concerns that we have now.
Even corn whisky, then considered a
prime necessity by many, sold as low
as 37% cents a gallon. That was not
the poison, doctored stuff made now and
transformed from the factory, not the
distillery, into ‘‘old rye” in twenty-four
hours after it is turned out from the
vat.
Modern Ways of Investing.
It is easy to advise farmers not to
invest. The fake boomers are most art
ful and persuasive. They can prove in
fifteen minutes that any one can double
his money in twelve months if he will
invest in certain mining or oil compa
nies which they are promoting. Let no
farmer invest in these distant concerns
about which they know nothing. Sev
eral years ago a man got hold of some
oil stock in Texas for advertising in only
a few shares. He knew there was noth
ing in it. He held it about a year and
had forgotten all about it. He then re
ceived a letter from the company, or
the faker, stating that they were in sight
of the promised land and needed just
ten dollars on the share to pay for cross
ing the river and getting into posses
sion of untold wealth. Of course there
was no company and no oil wells. About
ten to fifteen years ago a great fake
mining concern was boomed by an evan
gelist preacher. The shares were very
cheap, only 10 cents, but. bound to rise
with a hop, skip and a jump until the
holder of a few hundred shares would
have to get larger pockets and more of
them to hold his wealth. Real estate
booms in cities are very enticing in cir
culars. The maps sent out are calcu
lated to deceive. When one invests and
goes out to examine his property, he
finds it in an impenetrable marsh, or
else five to ten miles from the borders
of civilization. Never be fooled into buy
ing real estate or city lots on the repre
sentation of frauds and boomers. Land
is something tangible and visible, and
never buy unless you examine it, or get
the opinion of an honest man not inter
ested in the sale. In nearly all our cities
of any size there are real estate agents
whose business it is to sell land for a
commission. When they are honest it is
safe to deal with them, but do not put
too much confidence in the opinion of
these agents as to present and pros
pective value of the lands offered for
sale. If you wish to sell land through
them make a fair understanding as to
commission and the time the option is to
run. Frequent lawsuits are* brought
about for want of a proper understand
ing of the trade.
There was a lawsuit not long ago.
One of these agents had a piece of land
listed for sale. The owner sold it to a
third person, who knew nothing of the
agent. Then came the suit in which
the agent claimed the commission as
though he had sold the land. A farmer
can not be too careful in dealing with
these agents, however honest they may
be. They are in for the commission
ami look keenly after their own inter
ests.
It is always safe for a farmer hav
ing a little more money than he needs
to lend it out on good security. That
is not a get-rich-quick plan, but it is
sure. Investments in cotton mill stocks
are reasonably safe, but most farmers
are not well informed as to the pros
pective value*of these stocks. A few
mills start off well and then, for some
reason, fail to pay dividends for a few
years. When a farmer invests in these
stocks he wants regular dividends and
the certainty of getting as much for his
stock as he paid when he wants to sell.
A farmer or a combination of farmers
may invest in the cheap lands in the
Southern counties of South Carolina
and Georgia and make something by
the increase in price. In both States
there are turpentine lands which can be
bought cheap. They are not improved,
or if so, to very little extent. If a com
bination of farmers should put their
money together and buy such lands and
one of them move on them and take
charge, they may be able to sell for a
profit in a few years. They should al
ways buy in a progressive, growing
county and not be too far from a rail
road.
Never invest in wild, far-off schemes.
Let alone strangers about whom you
know nothing. Believe the stories of no
one who can tell you how to double
your money in a few months. If in
doubt, get advice from some of your
friends in banks, cotton mills or other
reputable business.
Rotation of Crops.
If the necessity of a wise rotation wai
never impressed on farmers before, this
spring season has done it. The man
depending on cotton alone reached the
last week of May before he got a stand.
Hundreds and thousands of acres could
not be prepared for planting. For six
weeks little rain fell and the winds
were almost constant. The ground be
came so hard it could not be broken.
So the cotton men put on long faces and
quit work for want of something to do,
and they waited day after day for the
rains to come and bring up their cotton.
But the rotation farmers were better
off. In the upper counties the wheat
is excellent. So they have the promise
of unadulterated bread for the family
and horse feed in abundance. Then
many persons have succeeded finely
with hay crops. A few have lots in
alfalfa, and the first cutting gave an
abundant yield. Near Rock Hill, S. C.,
they have an alfalfa club with many
members and they will soon be selling
hay unless they are wise enough to
raise stock enough to eat it all. In
Anderson County, S. C., a farmer last
fall sowed a lot in oats, wheat and vetch
and his neighbors claim that the com
bination will make more horse feed to
the acre than they ever saw grow any-
/here. Now let peas follow the small
grain, and plant them amongst the corn,
so that the land may be improved.
There will be no permanent and increas
ing prosperity until the farmers begin
to practice a wise three-year rotation
which is best suited for cotton sections.
Of course, the raising of hogs, cattle
and colts will come just as soon as the
farmer has a surplus of hay and grain.
Waste of Time.
The mechanic who is out of his shop
four months in the year will soon have
little to do. It is busy people who get
jobs. The indifferent merchant, who can
leave his place of business three days
out of the week, might as well close
his doors. Farming is the only busi
ness in the world which can prosper at
all when only eight or nine months’
works are done in the year. During
he winter and spring, when it is rain
ing or the ground is wet, three-fourths
of them sit around the fire or go to
town, or ride around in an aimless sort
of way. Every farm of any size, say
60 to 100 acres, should have a work
shop and a blacksmith shop. During
the rainy days all tools could be put in
order, harness could be mended and
greased and buildings could be patched
and repaired. Then there is more wet
weather work which is important. The
farmer could clean his wagons, plow
stocks and everything made of wood and
give all a coat of paint. He might not
do the work with the skill of a four-
dollar-a-day man, but he would do it in
fine style. Two or three days could
) be put in by the farmer repairing his
[ horse and cattle stalls and putting all
doors in good condition. Then he could
go to the kitchen and make that the
most comfortable room about the home.
With shelves, a closet or two, hooks to
sang cooking utensils on, screens for
doors and windows to keep flies out, the
wife would find it a pleasure to cook
instead of a drudgery. Then the haul
ing in of stove wood and cutting and
splitting it for the whole summer is
work which can be done when too wet
to work in the fields. So it is all the
year round. With the exception of a
few holidays, some picnics and social
meetings of neighbors, the wise farmer
will find work enough for the whole
year.