Below is the OCR text representation for this newspapers page.

TTTE ATLANTA GEORGIAN ANT) NEWS. 11 NEW YORK, Aug. 28.—There was fe verish trading at the opening of the cotton market to-day and first prices were 2 to 21 points higher than last night’s close. The heaviest trading was in new crops, which were vigorously bought by leaders with Southern con nections. There was a great deal of profit-taking on the upturn, when the market was 3 to 9 points higher than the opening. On this, prices shaded sharply ami during the forenoon eased 3 to 7 points above the previous close. All offerings were quickly absorbed and the market again developed an upward trends The selling was based chiefly on the western forecast for unsettled weather. The initial strength was probably the result of the bullish circular issued by F. M. Cordill on the Texas crop and The Journal of Commerce statement, show ing considerable deterioration in the Texas and Oklahoma fields. The damage to the cotton crop evi dently is serious, one authority placing the total crop as low as 13,500,000 bales, with a probable consumption of 14,000,- 000 bales. The effect of such early es timates is of course disappointing to the bears, but not too much weight is to be given premature figures. Following are 11 a. m. bids in New York: August 12.20, October 12.28, De cember 12.19. January 12.09, March 12.19. Following are 10 a. m. bids in New Orleans: * October 12.23, December 12.23 January 12.25, March 12.37. Estimated cotton receipts: e rlewONaS. .,a||9||A4 .eoC shrshrododoi Thursday. 1912. New Orleans . . . 400 to 450 30 Galveston . . . .19,000 to 21,000 17,369 NEW YORK COTTON. Aug Sept. Oct. , Nov. Dec. Jan. Feb. , Mch. May !Open High |Low 12.42 12.48 12.25 12.23 12.20 12.17 12.29 12.32 12.24 12.28 12.27 12.22 12.32 12.35 12.10 12.25 12.24 Noon 12.47 12.34 12.28 12.17 12.07 12.15 12.19 12.19 12.10 12.20 12.23 Prev. Close. 12.39-40 12.23-25 12.19-20 12.07-09 12.08-10 12.00-01 12.02-04 12.08-10 12.18-19 NEW ORLEANS COTTON. Aug. Sept. Oct. . Nov. Dec. Jan. Feb. Mch. May Open High|Low 12.30 1.2! 35 12.35 i.2! 35 12.21 i2^2i .112.37|12.78jl2!23 .12.47)12.48 12.37 .|12.58)12.58jl2.45 Noon 12.24 12.26 12.37 12.45 Prev. Close. 12.95-13 12.32 12.14-15 12.11-13 12.13- 14 12.14- 15 12.14 12.37-38 12.32-34 LIVERPOOL COTTON MARKET. Futures opened steady. Opening. Range. 2 P.M. . .6.67% 6.68% . .6.20% 6.61 . .6.54 6.53% ..6.50 6.50 . .6.46 6.45 . .6.45% 6.44 . .6.46 6.46% . .6.48 . .6.49 6.49 . .6.50% 6.49 .6.52 6.50% .6.50% 6.48% Aug. . . . Aug.-Sept Sept.-Oct. Oct.-Nov. Nov.-Dec. Dec.-Jan. Jan.-F€b. Feb.-Mch Mch.-Apr April-May May-June June-July . . - Closed barely steady. Close. 6.71% 6.65% 6.57% 6.54% 6.49% 6.49% 6.50 6.51% 5.63 6.53% 6.54% 6.54 Prev. Close. 6.62% 6.52% 6.42% 6.42 6.38 6.37% 6.38 6.39% 6.41% 6.42 6.43% COTTON GOSSIP 3 Flyers Seized in Italy as Air Spies Special Cable to The Atlanta Georgian. MILAN, ITALY, Aug. 28.—Three military aeronauts were arrested at Galeriono to-day when ‘they made a landing there in a Zeppelin dirigible balloon. They said they were from Innsbruck. The men had a number of pohtos of Italian fortifications and these were seized. GRAIN CHICAGO, Aug. 28.—The entire grain list was lower this morning, with the offerings larger and the buying pow r er partially gone. Wheat sold % to %c lower than last night. The world’s shipments of wheat are expected to show a big increase this week, but the Argentina shipments are smaller. Northwestern cars, while exceeding those of a week ago, was smaller than a year ago. The news from abroad was mainly bearish on wheat. Corn was under selling pressure, the longs disposing of their holdings on the assurance That the country run of cash corn will increase freely. Prices were % higher to unchanged. Provisions—The price of pork was un changed. Lard and ribs were easier at the opening. CHICAGO GRAIN MARKET. Grain quotations to noon: Previous High. Low. Noon. Close. WHEAT- Sept 86% 85% 85% 86% Dec 90 89% ' 89% 90% May: 94% 94% 94% 95 CORN— Sept 74 72% 73 73% Dec 68% 68% 68% 68% May 70 69% 69% 70 OATS-*- Sept 46% 46% 46% 40% Dec 43% 431/4 43% 43% May 46% 46% 46% 46% PORK— Sept. ... 20.95 20.95 20.95 20.95 Jan .... 19.40 May 19.37% LAJID— Sept 11.05 Oct.... 11.15 11.15 11.15 11.12% Jan 10.80 10.77% 10.80 10.80 RIBS Sept... 11.35 11.32% 11.32% 11.32% Oct.... 11.07% 11.10 11.10 11.10 Jan 10.25 10.25 10.25 11.25 Grain Notes The Chicago Inter Ocean says: “It is expected that there will be fair deliveries of hard wheat on September trades next month. Good deliveries of oats are also expected, and traders are not looking for the market to raliy much if any until the deliveries are out of the way. Some of the sharp traders pre dict lower prices in wheat and oats for a few days. A few of the bulls bought corn on yesterday's break, but it was the gossip last night that few of the local traders had any corn bought, and that many were short. Bears said corn is a sale on bulges.’’ Spinners buying. * * • Mitchell and Weld were big buyers yesterday. Shearson sold 10,000 Decem ber at noon, of which Mitchell took 7,000, but toward the close Shearson was a big buyer of January. * * * There is much guessing as to what Pell is doing, as many were commonly reported to have reversed their position on last Friday. This interest is evi dently on the right side, for it very sel dom they are caught holding* the bag. Last year, along in the fall, they were crficTlted with being long fully 750,000 bales, and liquidated their lines when the market was in high levels. How ever, their sign “UP" does not indicate much either way. * * • Sentiment is mixed; many think the market is high enough, and are afraid to go short in face 6i high tempera tures and hQlidays, followed by the Bu reau report. This attitude makes offer ings lighter and the market easier to bull. * * * The Journal of Commerce has the following on the condition of the cotton crops in Oklahoma, Texas and Florida: “Oklahoma—Conditions in Oklahoma are very much the same as in Texas, but drouth and high temperatures have caused even greater deterioration. The plant is drying up and bolls are open ing small. Premature opening is gen eral and it is generally too late for rain to save the crop. “Texas—Cotton has suffered severe de terioration, especially in the past two weeks, from excessive high tempera tures ana a long continued drouth. Shedding has been unusually heavy and cotton is opening prematurely. Boll weevils, and particularly boll worms, have cut the yield somewhat; otherwise the crop is particularly free from in sect damage. Many sections have not had rain for one to two months, and it is only the old fruit that promises any yield, and many correspondents con sider it too late to do any good. Top crop prospects are very poor. Some predict the shortest crop in years. Pick ing will be general about September 1. “Florida—Prospects ^.re generally good for a good yield.” » * * Dallas, Texas, wires: “Texas—Clear and pleasant. Oklahoma—Generally fair over State.” • * • NEW ORLEANS, Aug. 28.—Hayward & Clark: The weather map shows cloudy over all of Texas and Oklahoma, also southern half of the central and eastern States and the Carolinas; fair in north central States. Only rain shown in Galveston-Houston sections and in the Atlantic^ and Gulf coast districts. • * • Rainfall: Roswell, Texas, .08; Galves ton. 1.06; New Orleans, .01; Mobile, .12; Augusta. .10; Charleston, .02; Savannah, 06; Jacksonville, .01; Raleigh, .24; Hous ton, .04; Anniston, .10. * * * The New Orleans Times-Democrat says: “Some August shorts have held on too long Several of them covered yesterday, and because local scarcity of tenderable cotton, the fluctuations in the spot month were the most violent witnessed in the New Orleans market in many a long day. A little short selling and some hurry-up calls for ten der cotton from the interior stopped the miniature panic. However, the position has not been fully liquidated and further Interesting developments are looked for. "In so far as the general market Is concerned, the talent has been made extremely nervous and uncertain. Pri vate crop reports have forecast a very low Bureau condition figure next Tues day. probably 69.5 or 70. "Great stress has been laid on the scope of drouth damage in Texas and Oklahoma. The sharp advance recorded by the spot month has added to the alarm of new crop shorts. Bears now fear their own shadows and jump on any or no provocation. The fact that spinners arc not buying for forward delivery, and that arbitrary forward demand for the actual is not being created in volume, and it seems to have been lost sight of entirely in the pres ence of a crop scare." Atlanta Markets EGGS—Fresh country, candled, 25@ 27c. BUTTER—Jersey and creamery, in 1-lb. blocks, ?7%@30c; fresh country, fair demand, 15@18c. UNDRAWN POULTRY—Drawn, head and feet on, per pound; Hens 18@T9c; fries, 22% @24; roosters. 8@10c; tur keys. owing to fatness, 17@19c. LIVE POULTRY — Hens. 40@45; roosters, 30@35c; broilers 25@30c per pound; puddle ducks, 30@35c; Pekins, 35@40c; geese, 50 @ 60c each; turkeys, owing to fatness, 15@17c. FRUITS AND PRODUCE. FRUITS AND VEGETABLES—Lem ons, fancy, $5.00@6.50; California or anges, $5.35 @5.50; Concord g rapes, 27%©30c a basket; Missouri peaches, $.25@2.50 per crate; bananas, 2%@3c lb.; cabbage, l%@2c per drum; peanuts, per pound, fancy Virginia, 6%@7c; choice, 5%@6; beets, $1.75@200, in half barrel crates; cucumbers, $1.25@1.50; eggplants, $1.00@1.25 per crate; peppers, $1.50 per crate; tomatoes, fancy, six- basket crates, $2.00@2.50: onions, $1.00 ,per bu.; sweet potatoes, pumpkin yams, 85@90c per bu; Irish potatoes, $1.40 per bag. containing 2% bushels; akro, fancy, six-basket crates, $1.50@1.75. FISH. FISH—Bream and perch, 7c pound; snapper, 10c pound; trout, 10c pound; bluefish, 7c pound; pompano, 20c pound; mackerel, *7c pound; mixed fish, 5@6c pound; black bass, 10c pound; mullet $11.00 per barrel. FLOUR AND GRAIN. FLOUR — Postell’s Elegant. $7.75; Omega, $7.00; Carter's Best, $6.25; Qual ity (finest patent). $6.00; Gloria (self rising), $5.60; Results (self-rising), $5.40; Swans Down (fancy patent), $6.00; Vic tory (the very best patent), $6.00; Mon ogram, $6.00; Puritan (highest patent), $5.35; Golden Grain, 5.60; Faultless (finest patent), . $6.25; Ilbme Queen (highest patent), $5.75; Paragon (high est patent), $5.75; Sunrise (half patent), $4.7o; White Cloud (highest patent), $5.00; White Daisy (highest patent), $5.00; White Lily (high patent). $5.00; Diadem (fancy high patent), $5.75; Wa ter Lily (patent), $5.15; Sunbeam, $4.75; Southern Star (patent). $4.75; Ocean | Spray (patent), $4.75; Tulip (straight). $4.00: King Cotton (half patent), $4.50: low-grade 98-lb. sacks, $4.00. CORN—Choise red cob, $1.00: No. 2 white bone dry, 99c; mixed, 85c; choice yellow, 97c; cracked corn, 95c. MEAL—Plain 14-pound sacks, 90c; 96- pound sacks, 91c; 48-pound sacks, 93c; 24-pound sacks, 95c. OATS—Fancy white clipped. 59c; No. 2 clipped, 58c; fancy white, 57c; red clipped, 57c. COTTON SEED MEAL — Harper, $31.50. COTTON SEED HULLS — Square sacks. $18.00. SEEDS—Amber cane seed, $1.00; cane seed, orange, $1.00; rye (Tennessee) 2- bu. sacks, $1.10; red top cane seed, $1.35; rye (Georgia) 2%-bu. sacks, $1.25. blue seed oats, 50c; barley, $1.25; Burt oats. 70c. FEEDSTUFFS. CHICKEN FEED—Beef scrap, 100-Ib sacks, $3.25; 50-lb. sacks, $1.65; Purina pigeon feed, $2.25; Purina baby chick feed, $2.05; Purina scratch, 100-lb. sacks, $1.95; 50-lb. sacks, $2.00; Purina scratch bales, $2.15; Purina chowder, 100-lb. sacks, $2.05; Purina chowder, dozen pound packages. $2.25; Victory baby chick, $2.10; Victory scratch, 50-lb. sacks, $2.00; 100 1b. sacks. $1.85; wheat, two-bushel bags, per bushel, $1.25; oyster shell, 80c; special scratch, 100-Ib. sacks, $ 80; Eggo, $1.86; charcoal, 50-lb sacks, per 100 pounds, $2.00. STOCKS By CHARLES W. STORM. NEW YORK, Aug. 28. There was u ! strong tone at the opening of the stock i market to-day on account of the bullish aspect put upon the news concerning the Mexican situation. The copper j group led in the upturn, American i Smelting advancing 1% and Amalga mated Copper rising % to 74%. Chino Copper was up %. At the end of half an hour there was some profit taking and some of the active issues shared from their point. Among the other advances were: United States Steel common, %; Union Pacific, %; Southern Pacific, %; Read ing, %: Pennsylvania, %; Northern Pa cific, %; New York, New Haven and TTartford, %: New York Central, %; Missouri Pacific, %; Louisville and Nashville, %; Erie, %; St. Paul, %; American Can %. and Canadian Pacific %. Norfolk and Western and Baltimore and Ohio shaded. The curb was firm. Americans in London were strong and above New York parity. NEW YORK STOCK MARKET. Stock quotations to noon: 35% 44 STOCK— High. Amal. Copper. 75 American Can Api. Cot. Oil... American Ice. Am. Locomo.. Am. Smelting. Anaconda .... 25% 36 67% 36% Atchison 95% 96 34 89% 220% 59% 28% B. and O. ... Beth. Steel.. B. R. T Can. Pacific. C. and O. ... Erie Interboro 16% do, pref. . . 65% M. , K. and T. 23 L. Valley. . . 155 L. and N. . . 135% Mo. Pacific. . 31 Vi N. Y. Central 97 Northwest. . . 130% N. and W. . . 106% No. Pacific . . 111% Penna. .... 113 P. Gas Co. . . 118 Reading . . . 162% So. Pacific . . 90% So. Railway St. Paul . . Tenn. Copper. 31% Texas Pacific. 15% Union Pacific. 153% U. S. Steel . . 64% Utah Copper. 52% Wabash, pfd.. 12% 24% 106% Low. 74% 34% 44 24% 35% 66% 36% 95% 96 34 89% 219% 59% 28% 16% 62% 22% 155 135% 31 96% 130% 106% 111 113 118 161% 89% 24% 106% 31% 15% 152% 63% 51% 12% Previous Noon. Close. 75 35% 44 25 36 67% 36% 95% 96 34 89% 73% 34% 44 24 35 65% 36% 95% 96 33% 89 220% 218% 59 Vi 59 28% 16% 63% 23 155 28% 16% 62% 22% 154% 135% 134% 31 30 96% 96 Vi 130% 130 106% 106 111% 110% 113 112% 118 117 161% 160% 90% 89% 24% 24% 106% 106 31% 15% 153% 64 52% 12% 31 15% 152% 62% 51% 12% STOCK GOSSIP New Haven’s change in application for an issue of 6 per cent convertibles, omit ting mention of the underwriting com mission, is taken as recognition of oppo sition to the commission. New Haven executive member of the committee says that the amendment to the application is only a formality. • * * Average twelve industrials declined .14, and twenty active rails declined .35. * * * The Mexican situation seems to be a I little better this morning and I believe that our stock market should have a good rally. Among the spec ialties, think that the pools in the traction issues will [ advance these stocks; also hear West- inghouse and American Ice will advance. —G. D. Potter. LIVE STOCK MARKET. CHICAGO. Aug. 28.—Hogs: Receipts, 18,000; market 5c lower; mixed and butchers, 7.50@9.25; good heavy, 8.40@ 8.90; rough heavy, 7.40@8T20; light, 8.30 @9.25; pigs, 5.50@8.25; bulk, 7.90@8.85. Cattle: Receipts, 6,000; market strong; beeves, 7.35@9.25; cows and heifers, 3.25@8.30; Stockers and feeders, 5.75@)7.85; Texans, 6.50@8.00; calves, 10.00@ 12.00. Sheep: Receipts, 18,000; market steady; native and Western, 3.25@4.85; lambs, 5.25@8.10. ST. LOUIS. Aug. 28.—Cattle: Re ceipts 2.400, including 1,700 Southerns; market steady; native beef steers, 5.50 @9.00; cows and heifers, 4.75@8.75; stockers and feeders, 5.25@7.50; calves, 6.00@10.50; Texas steers, 6.25@7.75; cows and heifers, 4.25@6.5Q; calves, 5.00 @6.00. Hogs: Receipts, 7,500; market 5c lower; mixed, 8.85@9.15: good, 8.65@ 9.00; rough. 7.75@8.00; lights, 9.00@9.25; pigs, 5.50@9.00; bulk. 8.8o@D.15. Sheep: Receipts, 4,000; market steady; muttons. 3.25@4.50; yearlings, 5.00@ 6 00; lambs. 5.50@8.10. MINING STOCKS. BOSTON. Aug. 28.—Opening: Boston and Albany, 200; Butte and Superior, 25%: Calumet, 74. LONDON, Aug. 28.-*-Bar silver steady, 27 %d. NEW YORK. Aug. 28.—Commercial bar silver. 59%; Mexican dollars, 46c. A small ad in the Business Guide of the "Want Ad” Section will build up your trade. It points the way to your place. How many people know what your busi ness is and where it iR located? uuuwjjfrt id* GCuccoaLCBsssI LIVERPOOL GRAIN MARKET. LIVERPOOL, Aug. 28.—Wheat opened %@%d lower; at 1:30 p. m. the market was %@%d lower closed %@ %d lower. Corn opened %d lower: at 1:30 p. ni. the market *** %ci lower, closed %U lower, . LOWRY NATIONAL BANK Capital $1,000,000 Surplus $1,000,000 Savings Department Sato Deposit Boxes *oS822££5c The Pacemaker of Death Quits Lincoln Beaohey, the aviator, iv hose desperate feats killed nine of his imitators, tells why he is afraid to fly. You can read it all in Next Sunday’s American which will continue to be the pathfinder of Dixie in the world of news, fiction and the hundred and one features which turn a hot day of rest into one of solid enjoyment. And if it is a question of tem perature, the reader may fiud also a discussion of Your 1 Winter "urs bv Ladv Duff-Gordon, the fa- mous Lucille of London and Paris. She will tell in a de lightful color page of the most expensive furs in the world, ermine, sable and chinchillas, which will be used abroad this year for wraps and coats. And with the wit of the uni verse in the I I Fami Life 3us City Section coupled with all the real news in every field of endeavor the next issue of the leading news paper in the Southland will be one that simply can not be missed. So order it now from your dealer or by phoning Main 100. gsegegs It if (OO AMERICAN FLAG OFFER 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 TTIE HEAR ST’S SUNDAY AMERICAN and ATLANTA GEORGIAN Of fice, with 90 cents, and secure one of these beautiful flags. / THIS (JCUPOir and 90c entitles the holder to an American Flag, 5/feet / by 8 feet, when presented at our offices, KEARST’S SUNDAY AMERICAN THE ATLANTA GEORGIAN 20 EAST ALABAMA ST. 85 PEACHTREE ST. Flags will bo mailed at an additional charge of 10c for postage. Every man is proud to say he is an American, and it is his duty to see that “Old Glory is flung to the breeze” on 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 9 Ed s ewood A,enue - ATLANTA. GA.