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THE GEORGIAN’S NEWS BRIEFS 9 Mark et Quotations For SA^eek Ending July 22, 1913 Sentiment regarding the cotton market is changing and the feeling of op timism is becoming more pronounced each day. The market showed more activity during the week than for several weeks. This probably reflected a reduction of outstanding commitments rather than Increasing interest, but Monday there was fresh selling as well as covering by shorts who sold Satur day. The market opened the week’s trade with prices generally 5 to 12 points lower than Saturday’s close, owing to disappointing cables to the bulls, and 8eUing was rather general throughout the day on reported rains in Texas and the Eastern belt. Lower temperatures was reported over the entire belt. A few Wall street operators were credited with buying on the decline. Many operators who have been booked on the buying side for the past several weeks contend that this is entirely a weather market for the present and further rains in Texas would undoubtedly bring out considerable selling, owing to the excellent crop prospects throughout the country. On the other hand, there are strong interests that are advocating the bull side and some ready to buy on any reaction, declaring that the buying is based not so much on crop conditions as consumption. Consequently, this is causing a dull market and holding it in a narrow rut. Continued shipments from the stock of cotton in New York have reduced the certificated supply available for delivery on New York contracts to 24,049 bales. These shipments are naturally attributed to the same international interests which first took up cotton on May contracts and then sold July, and whose continued activity in this respect suggests that they are heavily committed to straddles between here and Liverpool entending into the new crop positions, with the long end in the market. Contrary to this there have been rumors to the effect ihat cotton would be brought back from New Yorlf to England for contract delivery before the end of the sumer should there be occasion, and in some quarters figures have been mentioned in this connection, ranging as high as 50,000 bales. These stories, however, are discredited, as New England mills have already lost stock heavily, owing to the continued active consumption and comparatively small takings, but the ultimate outcome of near positions, including October, will doubtless depend to a great extent upon new crop developments. Toward the end of last week many private wires over the belt reflected a bullish feeling in the market. Reports began to come in from Texas and Oklahoma of shedding—which is a development expected at this season of the year when boll-weevils are in abundance—and of sufficient moisture in Oklahoma, Texas and Central and Eastern beltsThe excessively high tempera tures shown by the official weather details for the Eastern belt, as pub lished on Thursday, Friday and Saturday, were perhaps as largely responsi ble for the nervousness of the trade. Many wires from Texas and Oklahoma said that deterioration in the crop was covering a large area. However, there was some dispute that any dam age had come to the crop as a result of weather conditions, and some main tained that these conditions were exactly what the crop needed, claiming that an extended drouth would be more benefit than good rains, because dry weather prevents the boll weevil spreading while wet weather causes maturity of the pest. A majority of the trade were not inclined to take the chances of leting their short lines run too long with drouth threatening Texas and Oklahoma, and the demand from these sources boosted values. F M. Cordill wired from Brown wood Tex., that from Hempstead and Bryan to near Mexia. old lands have already commenced to deteriorate. And from Mexia, Corsicana to Dallas, nearly perfect crops. Brazos bottoms have magnificent outlook. Dallas, Fort Worth to Brownwood the crop is in good shape, but commencing to need rain badly, showing effect of the dry, hot weather. Taking Texas as a whole the damage so far is neglible and more than offset by destruction of possible weevil damage. Rain is needed in the Central belt and old lands have commenced to suffer. Heavy black lands are holding well. The trade is preparing for an early crop movement in the Southwest, al though the crop on the average is considered a rather late one. There has been a big demand for ocean tonnage for August and early fall shipments from Galveston and other Gulf points, and while this has been largely for grains cotton has not been neglected. Bradstreet’s report indicated that the crop has made good progress during the week except for boll weevil damage in the Mississippi Valey, and a big St. Louis spot house, whose territory includes part of Oklahoma, says the crop is doing well over the entire district. The Giles report made the condition of the crop, as of July 15, at 83.4, comparing with her report cf 84.8, at the end of last month, and 80.4 at the same time last year. The trade has generally anticipated that the condition would show some improvement in the crop since the compilation of the July bureau. The showing of Miss Giles’ figures was modified to some ex tent, probably by the fact that her report as of conditions to June was so much higher than the Government figures, leading to a theory tnat the state ment may reflect a partial readjustment, rather than actual progress of the, crop, with a consequent tendency to compare with last year rather than two weeks ago. Government reports for the last ten years show that the crop has improved as frequently as it has deteriorated in July. Last year there was a loss of 3.9 per cent in condition during the month, the July bureau report of 80.4 being followed by an August report of 76.5 per cent. The ten- year average condition for July has been 80.3 and the ten-year average for August has been 80. The value of condition of 100 per cent on July 25 is estimated by the Department of Agriculture at 232 pounds to the acre. Market prospects during the remainder of the week depend largely on the weather developments. Unless further rains come over the belt, or, at any rate, cooler weather, the fear of crop damage and a lower August bureau would be likely to carry the market much higher. From the closing quotations of last Tuesday prices only show a net gain of 1 to 6 points on the New York future contract market, while spot quo tations are practically unchanged. Staple cotton goods markets rule quiet, but very steady as to values. Purchases are being made for immediate and nearby deliveries and buyers are not disposed to place late contracts unless for some specialty or odd construction on which production is allowed to run very close to actual con sumption. The scarcity of spot stocks of many staples is the feature of the mar ket and accounts for the steady maintenance of prices at a time when con sumption is showing signs of contracting. Prints are in spasmodic demand, percales are being ordered for the wrapper and cutting trades. Bleached cottons are sold well for the next 45 days and a larger spot business could be done if stocks were not at a mini mum with mills, Staple ginghams, tickings, denims and other colored cloths are ordered ahead of the next 60 days and show no price changes. Fine and fancy novelties are being ordered for spring, and other wash fabrics are being ordered only in a careful way. It is close to the high tide period of uncertainty growing out of tariff matters and combined with the difficult money markets there is a lack of inducement for speculative purchasing of any character. Jobbers’ financiaJ reports, issued for the first six weeks, indicate a still further reduction of merchandise assets throught the conntry. TUESDAY’S REVIEW. Orleans: July. 12.34; August, 11.97; Oc tober, 11.68; January, 11.57. Estimated cotton receipts: NEW YORK, July 22 —The cotton market opened fairly active to-day, and first prices were 1 to 4 points higher than the closin? quotations of Monday. The steadiness was attributed mainly to firm cables. The fact that dry weather still prevailed ever the Central and Western belt also led to supporting orders in the new crop positions. After the call the ring was inclined to sell on reports of further rains in .Texas, which relieved the intense heat of the past several days. In many localities the rainfall was heavy- As sentiment is against the market, the selling became rather general, resulting in a rapid de cline of 2 to 6 points from the initial level. New crops were the heaviest pressed options. October lost 6 points, while December declined 5 points. During the late forenoon active buy ing by the larger spot interests gave the market a steady tone, resulting in prices recovering. Trading was light and the market ruled dull but steady. Following are 11 a. m bids in New York: July. 12.20; August, 12.06; Oc tober, 11.54; January, 11.41. Following are 10 a. m. bids in New NEW YORK. Wednesday, July 16. Spot cotton; middling, 12.36. 0 1 J l «•»> ierj | ► X 16 Jiy 12.19112.21,12.18 12.20)12.19-20)12.15-16 Ag '12.0Stl2.13 1 12.07 12.09 12.08.10 12.04-05 Sp 11.7811.79 11.76 11.76 11.45-46111.20-21 Oc Nv 11.53 11.58 11.53 11.53 11.53-54 11.49-50 11.44- 46,11.38-40 11.45- 46 11.40-41 Dc 11 43 11.50 11.43 11.45 Jn Fb 11.38 11.43 11.37 11.40 11.39-40,11.34-35 11 4(1-42:11 as. *7 Mh 11.45 11.49 11.45 11.47 11.45-47 11.41-42 My 11.49-51111.45-47 1 ji u X i 51 Jen Jiy Ag Sp Oc Nv Dc Jn Fb Mh 12.50 12.09 12.51 12.09 12.48 12.07 12.51 12.07 11.54 11.60 11.54 11.57 11.52 11.53 11.57 11.58 11.52 11.53 11.54 11.57 11.63 11.66 11.63 11.66 Cloyed steady. Thursday, July 17. Spot cotton; middling, 12.35. y Ag Spt Oc Nv Dc Jn Fb Mh My 11.46 11.41 11.43 11.46 12.22 12.23jl2.19i 12.10 11.75 11.53 t - G 12.12 11.76 11.56 11.47 11.4 11.43 11.47 2.05 11.68 11.47 11.38 11.32 11.43 11.39 Closed steady. Si 12.20 12.20 12.08 12.07- 11.6811.67- 11.48jll.47- 111.37- 11.39)11.38- 11.33(11.32- 11.43! 11 33 11.39 11.38- 11-42- 12 fio 22|12.19-20 08 12.08-10 69 j IT. 75-78 48 11.53-54 39|11.44-46 40 11.45-46 33)11.39-40 35111.40-42 40,11.45-47 44 11.49-50 Friday, July 18. Spot cotton; middling, 12.40. § JC to * « ® O a S 3 ei Hen Jiy Ag Spt Oc Nv Dc Jn Fb Mh My c ® 0&* 12.18)12.00 12.04 12.13 11.67 (12.72 11.45)12.60 • • 11.36112.50 11.30)11.43 11.36|12.51 11.40 12.53 12.14112.20112.20- 12.02 12.13 12.12- 12.67)11.72)11.79- 12.44)11.60 11.59- 11.44 12.35; 11.50-11.50- 12.30)11.43)11.43- 1 11.44- 12.36 11.51(11.50 12.40)11.53,11.53- 21) 12.20-22 13)12.07-08 81 11.67-69 60,11.47-48 46; 11.33-35 51)11.38-40 44)11.32-33 46,11.33-35 51)11.38-40 5o;11.42-44 Closed very steady. Saturad, July 19. Spot cotton; middling. 12.40. 12.17 12.12 11.82 11.60 Jiy Ag Spt Oc Nv Dc Jn Fb Mh My Closed 11.54 11.46 11.53 12.21 12.15 11.84 11.65 11.57 11.49 11.57 12.17 12.12 11.82 11.57 11.48 11.41 * cd i 3 a I c G 12.21)12.21- 12.15 12.14- 11.84 11.84- 11.64,11.64- 11.55- U.56'11.56- 11.49)11.48- 111. 49- 11.57)11.58 ill. 60- it la £o_ 12.20 12.12- 11.79 11.59 11.49 11.50 11.43 11.44 11.50 11.53 NEW ORLEANS. Wed Spot cotton dnesday, July 16. ; middling. 12 7-l( t o 6 2® It, 1 12.48 12.06 11.67 11.57 11.54 11.64 11.56 11.53 11.64 51)12.47-51 0912.06-06 • 69111.64-65 |11.54-55 •55)11.51-52 -56 11.51-51 57(11.54-55 -55111.50-51 65111.61-63 Closed steady. Thursday, July 17. Spot cotton; middling. 12 7-16. firm. Monday, July 21. I 0 S 5* h C1086. ► 1 ; Jiy 1 Ag Spt Oc Nv Dc Jn Fb Mh My 12.15 12.09 11.77 11.56 12.20 12.15 12.09'12.05 11.77)11.76 11.57)11.52 12.16 12.08 11.76 11.53 12.16-17 12.05-06 11.72-74 11.52-53 11.51-53 11.46- 47 11.40- 41 11.41- 43 11.47- 49 11.51-53 12.21-22 12.L4-16 11.84-86 11.64-65. 11.53-57 11.56-57 11.48- 49 11.49- 50 11.58-59 11.60-61 11.45 11.38 11.50 11.55 11.43 11.37 11.47 11.41 11.47 11.50 U.5 11.50 Closed steady. Tuesday, July 22. Spot cotton; middling. 12.40. Open. A to E i 0 a Last Sale Close. it 12 Eo Jly 12.20 12.22 12.15 12.15 12.15-16 12.16-17 Ag 12.07 12.07 12.00 12.01 12.01-02 12.05-06 Spt 11.79 11.79 11.69 11.69 11.67-69 11.72-74 Oc 11.56 11.57 11.44 11.46 11.45-46 11.52-53 Dc 11.49 11.50 11.38 11.39 11.39-40 11.46-47 Jn 11.43 11.44 11.32 11.84 11.33-34 11.40-41 Fb li.34-36 11.41-43 Mh 11.50 11.50 11.41 11.41 11.41-42 11.47-49 My 11.52:11.54 11.42 11.53 11.43-45)11 51-53 NEW ORLEANS, July 22.—The weather map presents very fvorable conditions; cooler over the entire belt, with a splendid rainfall in the Eastern States, particularly in Georgia, South Carolina and parts of Alabama. Indi cations are for increasing cloudiness, with prospects of showers in the Cen tral and Western States, while in the Atlantics after to-day the tendency will be for clearing weather. Liverpool was due 5 points higher, but failed to advance; spots were un changed; sales, 10,000 bales. Private advices from Paris, Texas, report good rains in that section. Bal linger, Texas, also reported rain, ami at Ardmore, Okla., over one inch July 20. This market opened lower on the fa vorable weather map, but there was no pressure to sell, owing to anticipation of a bullish weekly weather report at 11 a. m., and a disposition to advance the market reflected by New York quo tations. PORT RECEIPTS. The following table shows receipts at e ports to-day compared with the me day last year: 1*913. 1 1912. "New Orleans. . . Galveston Mobile. . . . • • Savannah 403 3.468 132 558 22 297 674 609 16 264 Norfolk Boston. . . . . • t-co o tc ” Total. , . . • • 4.902 1.873 INTERIOR MOVEMENT. 1913. 1 1912. louston. , , , » Lugusta.. « f • • temj.his. M 1 ■ !t. Jjoula. >ti. kittle Rock. ^ • - 533 78 418 132 127 116 408 866 2 ~T"nir SPOT COTTON MARKET, Atlanta, nominal; middling 12%. Athens, steady; middling 11% Macon, steady; middling 12%. New Orleans, quiet; middling 12 7-16. New York, quiet; middling 12.40. Philadelphia, quiet; middling 12.65, Boston, quiet; middling 12.40. Liverpool, auiet; middling 6.72<L Savannah, firm; middling 12c, Augusta, steady; middling 12%, Norfolk, steady; middling 12%. Charleston, steady; middling 12 5-16. Charleston, nominal. Mobile, steady; middling 12c. Wilmington, quiet; middling 12c. Little Rook, steady; middling 12c. Baltimore, nominal; middl.ng 12%. Memphis, quiet; middling 12%, Memphis, steady; middling 12%. St. Louis, quiet; middling 12 5-16* Houston, quiet; middling 12 3-16. Louisville, firm: middling 12%. Charlotte, steady; middung 12c. Greenville, steady; middling 120. Closed steady. Open. High. Low. .... ■ ® ■ 0 . G . ® s! 2-0 Jiy 12.46 12 46 12.45112.45112.44-46,12.48-51 Ag 12.08 12.08 12.00, 12.00 12.00-01 12.06-09 Spt 11.58 11.58 LI.58 11.58 11.57-59)11.67-69 Oc 11.58 11.58 LI.50, 11.51 11.60-51)11.51 Nv 11.49-WIU. 64-55 Dc 11.54 11.54 11.46 11.48 11.47-48111.54-55 Jn 11.56 11.56 11.48 11.50 11.49-50)11.56-57 Fb 11 46-48 11.53-55 Mh 11.54 11.65 11.58) 11.58)11-57-58; 11.64-65 Closed steady. Friday, July 18. Spot cotton; middling, 12 7-16. c s A to * 0 X ® *5 ■ o >t E2 o E H U c-u Jiy 12.44 12.49)12.43 12.48112.45-48 12.45-46 Ag 11.98 12.09 11.98 12.08 12.08-09 12 00-01 Spt 11 68-70 11.57-59 Oc 11.48 11.65 11.47 11.64 11.63-64 11.50-51 11 40-50 Dc 11 46 11.62 11.43 11.61 11.00-61 11.47-48 Jn 11.45 11.64 11.45 11.63 11.62-63 11.49-50 Kb 11.59-61 11.46-48 Mh 11.56 11.71 11.50 11.7l|ll.70-71 11.57-58 Closed firm. Saturad July 19. Spot cotton; middling, 12 7-16. 0 « e » © a Js A 0 5 Si. 6 2-0 Jiy 12.4912.49 12 46 12.47 12.46-48 12.45-48 Ag 12.07112.09 12.05 12.06 12.04-05 12.08-09 Sp 11.66-68 1 1.68-70 Oc 11.64 11.68 11 60 11.62 11.61-62 11.63-64 Nv 11.58-60 11.60-62 Dc 11.60)11.66 11.58 11.61 11.59-60 11.60-61 Jn 11.64 11.67 11.60 11.61 11.60-61 11.62-63 Fb 11.57-58 11.59-61 Mh il.70 11.74 11.6* 11.71 11.70-71 11.70-71 Closed steady. * Monday July 21. Spot cotton; middling. 12 7-16. c V si to * T ® c! a >i ® 3 0. O a s ® rt c 0.0 Jiy 12.45)12.45 12.39 12.40 12.37-40 12.46^5 Ag 11.97112.00 11.97 12.00 11.99-01 12.04-05 Sp 11.60)11.61 11.60 11.61 11.64-66 11.66-68 Oc 11.55 11.59 11.54 11.59 11.59-60 11.61-62 Nv 11.56-58 11.58-60 Dc 11.53)11.59 11.51 11.57 11.56-57 11.59-60 .In 11.55 11.57 115.4 11.56 11.56-57 11.60-61 Fb 11.55-58 11.57-58 Mh ll.65ill.65 ll.65jll.65 U.67-68 11.70-71 Closed steady. Tuesday, July 22. Spot cotton; middling. 12 7-16. c s o DC 5 i s li 1 5 it 20 Jiy 12.37)12.37 11.92112.01 12.00-01 12.37-40 Ag 11.96 12.01 11.94 1L95 11.94-95 11.99-01 Spt 11.62 11.62 11.62 11.62 11.55-57 11.64-66 Oc Nv Dc 11.56 11.60 11.50 11.50 11.50-51 11.48-49 11.59-60 11.56-58 11.54 it. 58 il.48 11.48 11 48-49 11.56-57 Jn Fb. Mh 11.55 11.60 11.50 11.51 11.50-51 11.46-49 11.56-67 11.55-58 |11.6 i|l.68 11.60 11.60 11.59-61 11.67-68 My 11.65-68 Closed steady. COTTON GOSSIP Trading was light and there was no feature to the opening, except some buying on firm cables The ring sold early, and on the decline Mitchell and Gwathmey became buyers. Mitchell purchased January freely, while Riordan bought December. The market was steady, but sentiment was against the advance. • « • The market during the past several days has been almost featureless. There has been some selling on reported rains in Texas, but a few buying orders start the market on a upward scale. How ever, should rain come over the Western belt it is believed the market will be sold to a lower level. On the other hand,if the rains should not materialize, a higher market is looked for. Sentiment at the moment is very much mixed. • • • In reply to inquiries for opinions most traders are replying that values depend on the weather and legislative develop ments at Washington. • * • Dallas wires: “Texas and Oklahoma— generally clear.” * • • NEW ORLEANS, July 22.—Hayward & Clark: The map shows spleDdid weather, part cloudy to fair In the Cen tral and Western States. Cloudy In Ala bama and the Atlantics, raining now in Georgia, some showers in Texas. In dications are for increasing cloudiness, showers in Western and Central belt, tendency toward clearing In Atlantics. The New Orfeans Times-Democrat says: "In the face of lower tempera tures, a spreading rain area and a more rapidly increasing early movement than last year, yesterday’s cotton market re flected a character of steadiness that surprised both factions. In the adjust ment of parities in the New Orlenas ring made a more bullish showing than did New York, but In any event, the con tract markets reflected a will of their own, which did not harmonize with the talenva interpretation of the things, xrop and trade wise Over in Texas active ginning opera tions are now beginning to be reported. Thus far nine new bales nave been definitely amounted foe. On July 29 last year only twelve new bales had been reported. Much talk has been heard of boll-weevil in Mississippi, but the fact that the farmers in the fertile and highly productive delta country have had very little to say on this subject is signifi cant. "The Central and Atlantic States have been enjoying just as favorable weather as could be expected, even though a short spell of very high temperature has been reported by some sections. Thus, all in all, the crop seems to be progressing toward a larger out-turn than that of 1912-13 is likely to prove. On the o-ner hand, steamship men esti mate t\at freight room out of the cot* ton ports thus far engaged to January 1914 does not exceed half a million bales. Of course, this need not mean that only half a million bales have been sold for forward delivery to Europe, but it at least sugests the probability that foreign consumers aTe awaiting the out> come of the legislative situation at Washington, In hope that prohibitive legislation will shift market control from America to Europe. WEEKLY WEATHER REPORT. WASHINGTON, July 22. — Mean temperature ranged from one to six de grees above normal, except on the Texas coast, where i here was a deficiency of from one to three degrees. The great* pst excess in mean temperature occurred over extreme Southeastern Tennessee and Central Georgia. Weekly mean temperatures ranged from 76 to 86 degrees over the Eastern, from 82 to 84 over Central and from 82 to 86 degrees over the Western portion of the cotton region. The lowest weekly mean temperature, 76 degrees occurred at Asheville N. C., and the highest, 86 at Fort Smith , Ark., Fort Worth. Texas, Thomasvllle, Macon and Augusta. Ga, Precipitation occurred generally ovef the Eastern portion of the cotton grow* ing States, over Southern Louisiana, along the coast of Texas and In the Northern and Northeastern portions of Texas, Southern Oklahoma and in a few localities in Arkansas. Elsewhere, there was no rain during the week. The percipitation was unevenly distributed and generally light, the heaviest amounts being reported from the Caro lina^. More than two inches occurred in parts of Louisiana, Georgia, Florida and the Carolinas. The greatest Weekly amount, 4,79 inches, Occurred at Newbern, N. C.