Newspaper Page Text
SHOUT COVERING
STEADIES COTTON
————— t
Buying of Old Crops by Spot
Houses Principal Feature—Of
ferings General.
NEW YORK, July 12.—* T ’he cotton
market was <>uiet at the opening of the
cotton market to-day and first prices
were 1 to 5 points higher than Friday’s
final. The demand from shorts who de
sired to even up for the week-end. When
this was supplied prices eased off a
few points. T he Liverpool market was
closed and was responsible to some ex
tent for the quiet market here.
Spot houses again purchased summer
positions quite freely. One large spot
broker started the market on an up
ward scale shortly after the call by
bidding aggressively for large blocks of
new crops, but bought little. The sell
ing was mainly attributed to Wall Street
and the uptown crowd.
The weather map was favorable,
showing rains over the greater part .of
the belt, with lower temperatures and
sentiment against the market.
Two of the largest local operators
have covered since Tuesday about 50.-
000 bales of short cotton, and now the
market has reached the point where
it is practically in the hands of certain
big interests, who are trading this and
that way merely for small turns for
xsaiping operations, pending further de
velopments in connection with the ulti
mate outcome of the bull deal in July-
August. These two options for the past
two weeks have governed new crop po
sitions as well as operations. The out
come of the Clarke amendment is also
killing off business.
At the close the market was 'steady
with prices at a net gain of 1 to 5 points
from the final quotations of Friday
Warehouse stocks in New York* to
day is 37,301 bales; certificated, 31,199
bales.
Estimated cotton receipts:
Monday 1912
New Orleans 250 to 500 676
RANGE IN NEW YORK_ FUTURES.
C £ I < ** • *» < ®
& £ ?sS 8 S?
o I | J Jg o 0.0
Jul 12.07'12.10 12.07112.09 ;i2.06-07
Ag 12.06,12.10 12.05 12.06 12.06-07 12.05-06
I T 1.66-67111.64-65
OC 11.44 11.49,11.42 t 11.45j11.44-45)11.42-43
No | 11.34-36 11.32-34
De 11.36 11.40 11.34 11.36 11.35-36 11.34-35
Jan 11.32 11.35 11.29111.31 11.30-31 11.28-29
Feb I [ 111.31-33 11.29-31
Mr 11.40111.41 11.38 11.38 11.38-39 11.37-38
My 11.45 11.45.11.45 11.45 11.40-42 11.40-42
HAYWARD & CLARK’S
DAILY COTTON LETTER
NEW ORLEANS, July 12. —Further
good and rather general rains occurred
during the past 48 hours in the eastern
half of the belt. Precipitation was
heaviest in Tennessee and North Ala
bama. Temperatures were lower in
North Texas.
European political news was a little
more cheerful, expressing the hope of
early peace, but financial views con
tinue pessimistic, owing to fear of
heavy financial losses in connection
with the Balkan war.
Our market was inclined to ease at
the start on the favorable weather pros
pects, but open bidding for July by the
controlling interests checked selling on
the belief that screws might be turned
on July. The bidding by these inter
ests reflects the view that it is getting
too late to bring cotton here to spoil
the July squeeze by tenders.
The Tlmes-Democrat’s monthly report
will appear Monday. It is expected to
be favorable except for a tendency to
give special prominence to the weevil
danger.
The market ruled steady during the
early session around 11.45 for December.
RANGE IN NEW ORLEANS FUTURES
» » s •£ g Jg
Q o n nj a. u _
O X -I .'0 O 0.0
Jul ~12.42 12.44 12.4212.42)12.43-45 12.41-42
Ag 11.99 11.99 J 1.99 11.99 11.98-12 1.1.98-99
Sp ! ill. 58-60 11.56-58
Oct 11.49 11.51 11.45 11.48 11.47-48-11.47-48
No 11.45-47 11.45-47
Dec 11.46 11.49 11.43.11.45 11.45-46111.45-46
Jan 11.48 11.49 11.45 11.47111.47-48 11.47-48
Feb 11.44-46 11.44-46
Mr 11.56 11,56 11.54.11.54 11.56-57 11,56-57
Closed steady.
SPOT COTTON MARKET.
Atlanta, nominal; middling 12%.
Athens, steady; middling 11 T ®.
Macon, steady; middling 12%.
New York, quiet; middling 12.30.
New Orleans, steady: middling 12 7-16.
New York, steady; middling 12.30.
Philadelphia, quiet; middling 12.55.
Boston, quiet; middling 12.30.
Liverpool, holiday.
Savannah, steady; middling 12c.
Augusta, steady: middling 12%.
Norfolk, quiet; middling 12%.
Galveston, steady; middling 12%.
Charleston, nominal.
Mobile, steady: middling 12c.
Wilmington, nominal.
Little Rock, steady; middling 12c.
Baltimore, nominal; mlddl.ng 12%.
Memphis, steady; middling 12%.
St. Louis, quiet; middling 12 5-16.
Houston, quiet; middling 12 3 16.
Louisville, firm; middling 12%.
Charlotte, steady; middling 12c.
Greenville, stealy; middling 12c.
INTERIOR MOVEMENT.
I 1913. ; 1912~ ~
Houston i 497 I 52
Augusta , 129 28
Memphis 186 i 528
St. Louis I 230 t 97
Cincinnati. . . J 296 1 41
Total?' . . . r 1,338 746
k COTTON MARKET OPINIONS.
Logan & Bryan: “In the event of
adverse crop news sharp rallies are
likely to’ ensue."
Morris H. Rothschild & Co.: “We
continue to recommend conservative
purchases for investment.’’
George F. Jones & Son: “Think the
market a purchase on all declines for
small profits.”
A. Norden & Co.: “We favor buying
on any slight reaction.”
THE WEATHER.
Conditions.
WASHINGTON. July 12.--There will
be thunder storms to-night or Sunday in
the South Atlantic ami East Gulf
States and to-night in the lower
region, followed by fair Sunday. In
the upper Lake region, the Great ('an
tral Valleys and the West the weather
will be generally fair to-night and Sun
day. It'will be somewhat cooler in the
Ohio and upper Mississippi \alelys and
in the Lake region. Storm warnings
are displayed on the Great Lakes.
General Forecast.
Georgia—Showers to-night or Sunda>
Virginia—Thunder showers to-night or
Sunday.
North Carolina and South Carolina -
Showers to-night or Sunday
Florida—Local showers to-night or
Sunday, except fair in northwest por
tlo\labama and Mississippi—Generally
fair to-night and Sunday.
Tennessee— Generally fair in the west,
showers in east portion to-night or Sun
day. , ,
ixiuisiana—Fair in north and west,
Showers in southeast jiortion to-night
©r Sunday.
Texas—Fair to-night and Sunda\
BAR SILVER.
LONDON, July 12. -Bar silver steady
at NEW Ib< YORK. July 12.—Commercial
bar silver, 58%. Mexican dollars, 4«c.
COTTON GOSSIP
t of the market
XS . a the buying of Old crop by
spot interests. Wall Street an.l up
niw n <‘ row '» are thought to have sold
™ S 2 1 .t rket ' ,,ok the seHing well
J Di’ rather steady all day. Rlor
the neW Cr ° P ar ° Und
• * *
veTterd«v Ve h?l Parish reports issued
a \ haf T cause d some change in
wm mo?e bearish* ,ee " ng th '” mornlnß
• ♦ *
wZ’thar for favorable
days er ° VeF the belt for the next few
* • •
RhiiSSS? \ h . e yesterday Geer.
n ’ Metnany. Hubbard, Flinn.
an< L Se,, i«nberg were among
the leading buyers. Riordan. Parrott,
prlnc’iMU°2fnera d Moritgom(!rl ' were ,he
• • •
Smith, of South Carolina, has
introduced a bill providing for Govern
mental standard for grades of cotton
S?! re i3 u,r ng futures contracts to be
Krade specified in contract.
The bill was ordered favorably reported
by the Senate's sub-committee. The
mil wms to overcome objections of Cot
ton Exchange to the proposed tax on
future transactions and does not fix a
penalty for failure to deliver actual
cotton.
• • •
Dallas wires: “Texas—Clear. Okla
homa—Partly cloudy; rain at Cushing.’’
i Memphis, raining 7 a. m.,
*■•B4; Oceans, Knoxville. .98; Mo
bile, .02; Meridian, .60; Montgomery, .01;
Nashville, 1.48: Chattanooga, .96; Atlan
ta. 04; Savannah, .34; Wilmington, .16;
Raleigh. .36; Jackson, Miss., .48, Bir
mingham, Ala., .70; Anniston. .22; Gal
veston, .24.
• • •
Following Is the statistical position of
cotton on Friday. July 12, as made up
by the New York Financial Chronicle:
I This I Last I Last
L Week, i Week. | Year.
Visible ! I |
Supply . 3,082,555 3.322,1011* 2,980,170
American.. 1,747,555 1,968,101 2.028.170
In Sight. ( i
Week...... 69,552. 57,530} 63,100
Since * .
Sept 1... 113.281,073 13,204.125 15,783,263
Port Stocks I 207,713 276,869 292,260
Portße’ptS 21,448 19,555 13,080
Exports.... ; 32,041 43,884 33,587
Int. Re’pts 12.288 12.877 11.393
Int. Ship’ts 1 29,179 28.296 18,968
Int Sto’ks ; 192,537 212,269 136.640
NEW ORLEANS. July 13. —Hayward
& ('lark: The weather map was verv
favorable, cloudy over entire belt, with
general rains in eastern half, heaviest
in Tennessee and North Alabama, where
most needed. Cooler in west. Indica
tions are for partly cloudy to fair in
the Atiantics; possibly some scattered
showers. Cloudy in central and west
ern States, with cooler weather and
showers coming on Texas over Sunday.
Clearing and cooler in Oklahoma and
Arkansas.
• • *
J. R. Turner, of Memphis, has the
following on the condition of the cot
ton crop for the week ending July 11:
"The week was a normal and hence a
favorable one for the season. Tempera
tures were quite high over a great part
of the belt, but toward the end were
materially moderated. Generally speak
ing, there was an abundance of moisture
in the soil, and hence the cultivation
was near perfect. The plant stood the
excess of temperatures quite well and
continued its growth and fruiting in a
satisfactory manner. There is no strik
ing change from the conditions of one
week ago and this of itself is a favora
ble item.
“Little or no rain fell in Texas and
Oklahoma, w'here already the supply of
moisture was abundant, while down the
Mississippi. Valley there were many
showers and locally heavy rains, which
relieved an incipient drouth and set the
cotton to growing rapidly. Showers fell
also in the eastern States and were of
benefit As a whole, more rain In Ala
bama and States eastward would be de
sirable, though not necessary at this
time.
”In Eastern Texas, Louisiana and
Mississippi, weevils are more numerous
than in several years, and their ap
pearance has aroused the planters’
alarm. As yet their depredations have
been quite limited.”
The Times-Democrat monthly crop re
port is expected Monday. We think it
will be favorable except for giving the
boll weevil danger the usual prominence.
♦ ♦ ♦
Official Texas records show an aver
age for the State of 98 degrees: three
stations show 100; nine stations 102; one
station 104: and one station 106. The
maximum average for Oklahoma is 102.
* * *
Galveston will get a new bale to-day
from Patricio. Texas, the same date as
last year. New bale here from San
Benito, consigned to John M. Parker &
Co., will be sold at auction to-day.
* * •
The Government advises Corpus
Christi, Texas: “Small craft warning.
Disturbance over Southern New Mexico
moving eastward: will cause brisk to
high northerly winds to-day and prob
ably Sunday.” ,
* * ♦
The first new’ bale was sold here at
auction for 16 cents; it was bought by
E. Christ.
Grain Notes
The Chicago Inter Ocean says: “The
wheal bears have the best of it. Hedg
ing business is coming into the market,
making it safer for the short seller than
at any time within a year. Sentiment
has become excessively bearish, and it
would not be surprising to a majority
to see lower prices, although the best
traders are looking for irregular de
clines.
“Corn specialists attributed the break
of 1% on September yesterday, making
a drop of almost 4 cents from the re
cent high point to unloading by longs.
It is noticeable that sharp traders, who
were long, have unloaded their pur
chases nn Traders said they
would not be surprised to see a rally
some day, but believe corn should be
sold on all bulges.
“September oats dropped below 40
cents yesterday with stop orders selling
sufficient to carry prices to 39%. Those
who have watched the market closely
for two weeks say there has been a
steady unloading by longs and a de
crease in the outside buying. The liq
uidation, however, is not regarded as
over.”
• • •
Bartlett, Frazier & Co. says:
“Wheat— Offerings from the country are
somewhat lighter, but local sentiment
is bearish and new speculative buying
from the outside does not come in.
‘Corn —The rains this morning are
likely to cause further selling, although
liquidation was <>n a liberal scale yes
terday. Cash prices do not show as
much weakness as the future, owing to
moderate receipts and scarcity of offer
ings from first hands.
“Oats—There is nothing new in the
situation, except that receipts are some
what smaller and cash inquiry a shade
better. Sentiment is very bearish, and,
as in the other grains, outside buying is
extremely limited.
“Provisions—Hogs under estimates
with hog prices at yards steady to 5c
higher.”
Rainfall and Temperatures in Grain
Region: Canadian Northwest cloudy.
42 to .58; Femonton, Swift Current.
Winnipeg. .06; Calgary, .94; Battleford.
.42: Regina, raining. 1.10; Northwest,
part cloudy. .48 to .64: Williston, Huron.
.08; Devils Lake. Bismark. .01; Moose
head. .20: Duluth, 1.20: West generally
cloudy. .54 to .70; Omaha, Davenport.
02. Sioux City, .04; Des Moines, .86;
Charles City, .96; Dubuque. 1.08: Spring
field. .14: Southwest part cloudy. .62 tn
76; Dodge City, .10; Wichita, .01; Kan
sas City. .58; Springfield. .84; St. Louis,
.50: Ohio Valley cloudy. .70 to .76;
Cairo. .07; Evansville, 34; Cincinnati,
42; Indianapolis. .16: Columbus rain
ing: Louisville raining. 36.
Think wheat, corn and oats all have
had break enough. Would rover shorts
ami wait for a rally before selling
again.—-RoycrofL
IRREGULfifIITVIN
PRICE OF STOCKS
Good Crop Advices and Easier
Feeling Abroad Encourages
Better Active Bidding.
By CHARLES W. STORM.
NEW YORK, July 12. —A higher range
of prices was established at the open
ing of the stock market, although busi
ness wan very quiet. Canadian Pacific
began 2% higher at 213%, but afterward
shaded.
There was no change in speculative
conditions and the gains which were
recorded were chiefly due to a change
in position on the part of the specu
lative element. Finding hear operations
fruitless, the professionals turned bull
ish..
Union Pacific advanced % and some
of the other gains were: Amalgamated
Copper, %; United States Steel, %;
Reading, %; Lehigh Valley, %; Erie, %;
American Can %, and Chesapeake and
Ohio. %.
The curb was quiet.
Americans in London were dull, but
ruled above New York parity.
The market closed strong. Govern
ments unchanged; other bonds steady.
To-day's New York
Stock Market
Clo«. Prev.
STOCK— High. Low. Bld. Close.
Amal. Copper.
Am. Agricul 44>/ 2 44'/»
Am. Beet Sug St 1 /, 2R4
American Can. 27!/ a 27'/, 27% 27'/ a
do, pref 86 86'/ a
Am. Car Fdy 41% 41(4
Am. Cot. OU 35'/ a 35i/ a
American Ice iW/ a 19'/ a
Am. Locomo 28 28
Am. Smelting. 61% 61 61 60%
Am. Sug. Ref 107 107
Am. T.-T 126% 126%
Anaconda .... 32?, 32% 32% 32
Atchison .... 95% 95% 95% 95%
A. C. L 115 115 114% 1143,4
B. and 0 93 9274 92% 92%
Beth. Steel.. 29 29 28% 26
B. R. T 86% 86% 56% 86%
Can. Pacific. 214% 213% 213% 211%
Cen. Leather 20% 20%
C. and 0 52 51% 52 51%
Colo. F. and 1 27% ....
Colo. Southern 31 30%
Consol. Gas.. 129% 129 129% 129
Corn Products. 9% 9% 9% 9%
D. and H 162 152
Den. and R. G 15% 15%
Distil. Secur 12% 12%
Erie 25% 24%
do, pref 38% 38%
Gen. Electric. 138 138
G. North, pfd 122 121%
G. North. Ore. 31% 31% 31% 30%
G. Western 12% 12%
111. Central 111% 111
Interboro 14% 14%
do, pref. .. 55 55 54% 54%
Int. Harv. (old) 102?', 102%
lowa Central 77
K. C. S.. . . 25’4 25’4 25% 26?4
M. K. and T. .... .. 20% 20%
do. pfd 54 55
L. Valley , . 145% 145% 145% 145
L. and N 131 130? i
Mo. Pacific . 30% 30% 29% 29%
N. Y. Central 96% 95%
Northwest 127 127
Nat. Lead . 45 45
N. and W. . 103 103 103 102’4
No. Pacific . 106 105% 105’4 105%
O. and W 28% 28%
Penna. . . . 111% 111% 110% 111
Pacific Malt 18 18
P. Gas Co 109 109
P. Steel Car 22% 22%
Reading . . . 157% 156% 157% 156%
R. I. and Steel 18% 18’4 19 18%
do. pfd 76 76
Rock Island 15% 15
do. pfd.. . 25% 25% 25% 25
S. 22 22
So. Pacific . 91% 91% 91% 90%
So. Railway.. 203 /4 20% 207, 20%
do. pfd 74 73%
St. Paul . . 102’4 102’4 102'2 102
Tenn. Copper 28% 28% 28% 27%
Texas Pacific 3% 13%
Third Avenue 30 30%
Union Pacific. 145% 145% 145% 144%
U. S. Rubber 60% 59
U. S. Steel . 62% 52% 527/, 52%
do. pfd.. . 1047, 104’4 104% 104' /a
Utah Copper. 42% 42% 423, 41%
V. Chem 23% 23%
Wabash . . . 2% 2>/ a 2% 2%
do. pfd.. 6% 6% 6% 6%
W. Maryland 36 36
W. Electric 56 57
W. Central 41 42%
Total sales, 44,100 shares.
NEW YORK BANK STATEMENT.
NEW YORK, July 12 The weekly
statement 01’ the New York Associated
Banks shows the following changes:
Average Statement.
Excess cash reserve, $19,409,650: de
crease. $7,064,000.
Loans, increase. $1,223,000.
Specie, decrease, 410,564,000
Legal tenders, increase, $2,763,000.
Net deposits, decrease. $2,026,000.
Circulation, increase. $283,000.
Actual Statement.
Loans, increase, $10,313,000.
Specie, decrease, $4,382,000.
Legal tenders. Increase. $7,262,000.
Net deposits, increase. $17,882,000
Reserve, decrease, $541,400.
MONEY AND EXCHANGE.
NEW YORK. July 12.—Nothing said
In money to-day. Posted rates: Ster
ling exchange. 484®487%. with actual
business in bankers’ bills at 486\ for
demand and 483 for 60-day bills.
STOCK GOSSIP
The New York Financial Bureau
says: “we would buy the standard is
sues on recessions with the intention to
take trading profits. Information chan
nels are friendly to the stock list. Ir
regular and narrow fluctuations may be
seen to-day.”
* « «
The trainmen and conductors' com
mittee of 1.000 will meet to-day to
ratify the ‘Eastern railway vote.
* * •
Trade reports show’ that conserva
tism In business circles Is still mani
fest. owing chiefly to the tariff legisla
tion.
• • •
Twelve industrials declined .11; 20
active rails declined .15.
• • *
Although the market continues dull,
with few changes In prices, there are
many bullish factors in the situation
that are being ignored, which laier in
the season wifi have a beneficial effect
on values. We believe stocks conserva
tively accumulated uruund this level will
in a reasonable time show satisfactory
profits.—Potter.
111 L AIUYAIA ZL.LV U IVFjVVO.
Hester's Weekly
Cotton Statistics
Secretary Heater's weekly New Or
leans cotton exchange statement, of the
movement of cotton, issued before the
close of business Friday, shows an in
crease in the movement into sight com
pared with the seven days ending this
date last year in round numbers 4,000,
an increase over the same period year
before last of 1.400 and an increase over
the same time in 1910 of 6.000.
For the eleven days of July the totals
show an increase over last year of 1,000.
an Increase over the same period year
before last of 23,000, and an increase
over the same time in 1910 of 20,000.
For the 314 days of the season the
aggregate is behind the 31-4 days of last
year 2,185,000, ahead of tiie same days
year before last 1,763,000, and ahead of
1910, 3,265,000.
The amount brought into sight dur
ing the past week has been 29,122 bales,
against 25,293 for the seven days end
ing this date last year. 15,178 year be
fore last and 23,015 same time in 1910;
and for the eleven days of July it has
been 46,847, against 45,869 last year,
23,956 year before last and 26,840 same
time in 1910.
The movement since September 1
shows receipts at all United States ports
9,737,660, against 11,898,521 last year.
8.535,853 year before last and 7.208,528
same time in 1910. Overland across the
Mississippi, Ohio and Potomac Rivers
to Northern mills and Canada 968,371,
against 1,247,924 last year. 926,714 year
before last and 808,739 same time in 1910;
interior stock in excess of those held at
the close of the oommercial year 91,159,
against 49,406 last year, 40,644* year before
last and 28,102 same time in 1910; South
ern mill takings 2.637.999, against
2,423,143 last year. 2,168,016 year before
last and 2,123.515 same time in 1910.
These make the total movement for
the 314 days of the season from Sep
tember 1 to date 13,434.190. against
15.618.994 last year. 11.674.227 year be
fore last and 10,168,884 same time in
1910.
Foreign exports for the week have
been 32,179, against 30,110 last year,
making the total thus far for the sea
son 8,374,190, against 10,292,912 last year,
a decrease of 1,918,722.
Northern mill takings and Canada
during the past seven days show a de
crease of 5,645, as compared with the
corresponding period last year, and
their total takings since September 1
have decreased 384,454. The total tak
ings of American mills. North, South
and Canada, thus far for the season have
been 5,042,297. against 5,179,674 last year.
These include 2,326.111 by Northern
spinners, against 2.710.565
Stocks at the seaboard and the 29
leading Southern interior centers have
decreased during the week 38.309 bales,
against an increase during the cor
responding period last season of 35,629
and are now 45,134 smaller than at this
date in 1912.
Including stocks left over at ports
and interior towns from the last crop
and the number of bales brought into
sight thus far from the new crop, the
supply to date is 13,798,903, against
15,905,968 for the same period last year.
World’s Visible Supply.
The world’s visible supply of cotton
shows a decrease for the week just
closed of 134,500, against a decrease of
210,760 last year and a decrease of 145,-
005 year before last.
The total visible is 3,094,926, against
3.229,426 last week, 2,976.569 last year
and 2.087,214 year before last. Os this
the total of American cotton is 1,741,926,
against 1,865.426 last week, 2,014,569 last
year and 1,113,294 year before last, and
of all other kinds, including Egypt. Bra
zil, India, etc.. 1,353,000, against 1,364.-
000 last week. 962,000 last year and
974.000 year before last.
The total world’s visible supply of
cotton as above shows a decrease com
pared with last week of 134,500. an in
crease compared with last year of 118,-
357 and an increase compared with year
before last of 1.007,632.
Os the world’s visible supply of cot
ton as above there is now afloat and
held in Great Britain and continental
Europe 1,752.000, against 1,894,000 last
year and 1.208,000 year before last; In
Egypt 101.000. against 75.000 last year,
and 83,000 year, before last; in India
860,000, against 588,000 last rear, and
529,000 year before last, and in the
United States 382.000. against 420,000
last year and 267.000 year before last.
World’s Spinners’ Takings.
The taking of American cotton by
spinners throughout the world as fol
lows, in round numbers:
This week 152.000 this year, against
195.000 last year, 105.000 year before last.
Total since September 1, this year,
13.044,000, against 14,388,000 last year,
and 11.326.000 the year before.
Os this Northern spinners and Canada
took 2.326,000 bales this year, against
2,711.000 last year, and 2,056,000 the year
before: Southern spinners 2.716.000.
against 2,469,000 last year, and 2.212.000
the year before; and foreign -spinners
8,002.000 against 9.208,000 last year, and
7,058,000 the year before.
LIVE STOCK MARKET.
CHICAGO. July 12.—Hogs- Receipts.
6,500. Market 5c higher: mixed and
butchers. good heavy, B.Boty
9.15: rough heavy, 8 light. 8.85
<u9.25: pigs. 7.65©9.05; bulk, 8.85(0-9.15.
Cattle--Receipts. 200. Market steady;
beeves, 7.40119.15: cows and heifers. 3.25
'••8.25; storkors and feeders, 6.25117.90;
Texans, 6.751/8.10; calves. 8.501/10.50.
Sheep—Receipts. 2,000. Market
strung, native and Western, 3.25@5.00;
lambs, 5.251/8.25.
ST. IZIUIS, July 12.—Sattle—Receipts
400. including 200 Southerns Market
steady. Native beef steers. $5,501x8.75;
cows and heifers. <4 751/8 00; Stockers
and feeders, |6.251/8.10: cows and heif
ers, calves. ssl/6.50.
Hogs -Receipts 1,700. Market. 5c to
10c higher. Mixed. $9 104/9 25; good,
$9.10(&9.20; rough. $8,604/8.75; lights.
$9 101/9 25; pigs, $7,251/8.75; bulk. $9.1011
9.20.
Sheep- Receipts 500. Muttons, $3.75
1/ 4 27. yearlings, $5,001/6.25; lambs,
s6.so<ii 8.15.
NEW YORK COFFEE MARKET.
NEW YORK, July 13 —The coffee mar
ket opened steady to-day at an advance
of 3 to 10 points on European buying
and scattered covering, the rally at
tracting considerable realizing by local
buyers of the earlier part of the week,
and some positions reacted during the
morning.
MINING STOCKS.
BOSTON, July 12. -Opening Tuo
lumne. l Grene-Cananea, 5%; Bos
ton and Maine, 58%; Kerr laike, 3 3-16;
Boston Elevated, 88%.
LOWRY NATIONAL BANK
Capital $1,000,000
Surplus $1,000,000
Savings Department Safe Deposit Boxes
CHICAGO
% - CHOICE OF ROUTES Ik,
AND GOOD SERVICE IPWW
WHEAT LEADER IN
CEREAL DECLINE
.General Rains and Absence of
Speculative Buying Cause of
Heavy Liquidation.
CHICAGO. July 12.—Wheat was %c
lower at the opening this morning on
further fine rains which covered the
entire spring wheat country in the
Northwest. There were some rains in
the winter wheat belt, which possibly
may delay the movement for a day or
two. The official report on wheat crop
of France shows the condition to be 3
points higher for winter and 2 higher
for spring than July 1 a year ago.
Northwestern receipts were moderate.
Corn was %c to 64c lower on rains
where needed throughout the belt.
Oats were off to 14c In sympathy
with the other grains.
Provisions were firmer and higher.
Grain quotations:
Previous
High. Low. Ciose. Close.
WHEAT—
July 86% 85 85 87
Sept 87% 86Vs
Dec 91% 90 90% 91%
CORN—
July
Sept 6059 59% 6O’<*
Dec
OATS—
July 37% 37 Mi 37 V* 58
Sept 39 38% 38% 39%
Dec 40% 39% *0 40%
PORK—
July.... 23.00 21.77% 21.85 21.75
Sept.... 21.17% 21 00 21 02% 20.95
LARD—
July.... 11.65 11.60 11.65 11.65
Sept.... 11.77% 1167% 11.72% 11.72%,
Oct.. .. 11.82% 11.75 11 77% 11.80
RIBS—
July... 11.75 11.60 1.1.65 11.75
Sept. ... 11.87% 11.75 11.77% 1180
Oct 11.67% 11.52% 11.52% 11.60
CHICAGO CASH QUOTATIONS.
CHICAGO, July 12.—Wheat, No. 2
red, new, 86%; No. 3 red, new, 85@85%;
No. 2 hard winter, 87f(/88; No. 3 hard
winter, 88%&88%; No. 1 northern
spring. No. 2 northern spring,
No. 3 spring, 801481.
Corn, No. 2. 60%; No. 2 white, 61%;
No. 2 yellow, 60%; No. 3. 59%1i<60%; No.
3 white, 60% 1/61: No. 3 yellow. 60%;
No. 4. No. 4 white, 59%(q60; No.
4 yellow, 58@59.
Oats, No. 3 white, 38%; No. 4 white,
37%(&38; standard, 37% 1/38.
CHICAGO CARLOTS.
Following are receipts for Saturday
and estimated receipts for Monday:
I Saturday.| Monday
Wheat 122 123
Corn 141 85
Oats 148 »S
Hogs 6,500 38,000
LIVERPOOL GRAIN MARKET.
LIVERPOOL, July 13.—Wheat closed
% to %d lower.
Corn closed % to %d lower, compared
with Thursday’s close.
ST. LOUIS CASH QUOTATIONS.
ST. LOUIS, July 13.—Cash- No. 2 red
wheat, 841485%: No. 3, 83; No. 2 hard,
871/92%; No. 3 hard, 86.
Corn—No. 2, 62; No. 3. 61; No. 4, 581/
59; No grade, 57; No. 2 yellow, 62@
62%; No. 3 yellow, 61%; No. 2 white,
64% 1/65%; No. 3 white, 63.
No 2 oats, 391/39%, No. 3. 37%; No. 4.
36%; No. 2 white. 40%; No. 3 white,
38% 1/40; No. 4, 38&39; standard! 39%
1/ 40.
No. 2 rye, 63%.
EAST WANTS LIGHT HOGS.
CHICAGO, July 12.—Eastern orders
for light hogs were in excess of week
end supply and a 10 to 12c higher mar
ket for everything fit for that outlet
resulted. Shipping hogs sold largely at
9.101/9.25. I’acking grades were little
if any higher, as that branch was with
out competition. There were 35.000 at
eleven markets, against 45,000 a year
ago, and not to exceed 40,000 are ex
pected here Monday. Shipping demand
is coming back in emphatic manner,
that outlet having absorbed 20.000 this
week. Both in cattle and sheep the
finish was nominally strong at the best
prices of the week. Monday’s, expect
ancy is for about 20,000 cattle and 35,-
UOO hogs.
NEW YORK COFFEE MARKET.
Coffee quotations:
I Opening, i Closing.
January 1 i 9.041/9.06
February I I 9.111/9.13
March 9.15 9.19&9.20
April 9.221/9 23
May 9.25 I 9 251/9.26
June 9.28149.30 ' 9.231/9 26
July 8.541/8.55
August ..... 8 601/8.80 8 651/8.67
September . . . J 8.75 , 8.771/8.78
October 1 8.83148.85 1 8.441/8.45
November. . . .1 i B.9o<ju-8.92
December. . . 9,00 j 8,924/8.98
Closed steady. Sales, 69,250 bags.
COTTON SEED OIL.
Cotton seed oil quotations:
LOpenl ng .J _Closlng.
Spot .. .. |...\. I 8.85(09.50
July
August 8.771/ 8.78 8.81 1/8.82
September .. .. 8.79(08.80 8.821/8.83
October 7.80 z 47.8l 7.80 <07.81
November 6.821/6.83; 6.80(0 6.81
December .... 6.53'0 6.58 6.4906.51
January 6.521/5.54 6.5006.53
February 6.5306.60* 6.5306.58
Closed steady; sales. 13,800 barrels.
Doctor To Be Tried
As Cocaine Peddler
Dr. W. W. McAfee, 62 Hill street,
probably will be tried in police court
Saturday afternoon, charged with sell
ing cocaine. He was arrested on De
catur street Friday night by Offi
cers Allen and Gresham, who say
they interrupted a sale of the drug to
a young white man.
The young man is being held as a
witness in the case.
AMERICAN FLAG
OFFER
SIZE SXB FEET
Valued at Five Dollars
for 90 cents
This beautiful American Flag, the very latest, with 48
stars, made of fine bunting.
Cut out Coupon below, and bring to THE HEARSTS
SUNDAY AMERICAN and ATLANTA GEORGIAN Of
fice, with 90 cents, and secure one of these beautiful flags.
THIS COUPON and 90c entitles the holder to an American Flag, S feet
by 8 feet, when presented at our offices,
HEARST'S SUNDAY AMERICAN
THE ATLANTA GEORGIAN
20 EAST ALABAMA ST. 35 PEACHTREE ST.
Flags will be mailed at an additional charge of 100 for postage.
Every man is proud to say he is an American, and it is
his (hity to see that “Old Glory is flung to the breeze** an
every appropriate occasion.
See that you have one of these flags at your office or at
your home.
Take advantage of this offer. -.
HearsfsSunday American
and
Atlanta Georgian
20 East Alabama Street 35 Peachtree Street
ATLANTA GA