Newspaper Page Text
f
-
TTTF: ATLANTA O FOP (7 TAN AND NEWS.
11
COTTON
NKW YORK, Aug. 29.—Cables were
not up to expectations at the opening of
the cotton market and first prices were
at a net decline of 3 to 13 points from
last night s close. There was considera
ble selling from the south and in Liver
pool. There was a fairly good demand
on the decline, but prices continued on
the downward patn, dropping 4 to 14
points from the opening range.
Cables from Liverpool explained the
weakness in that market was due to
Continent selling and poor prospects for
trade demand and spinners were not in
dined to lollow the advance.
The Giles report of 69.9 per cent on
the eonmtion of the crop to August 25.
l ,01nls decline for the month, was
distinctly unfavorable and accounted
tor some of the profes.slonal support
here, which helped prices out of the
*" w pint during the forenoon.
hollowing are 11 a. m. bid* in New
} °rk: August. 12.18; October, 12.27;
12*18 mber ’ 12,19: ,,anuary ’ 12 08 ; March,
Following are 10 a. m. bids in New
Orleans ; October, 12.22; TVecember,
12.24; January, 12.26; March, 12.37.
Estimated cotton receipts:
_ , Thursday. 1912.
New Orleans 50 to 200 782
Galveston 30,000 to 35,000 1
5,908
NEW YORK COTTON.
Prev.
Adg. .
Sept. .
Oct. .
Nov. .
Dec. .
Jan. .
Feb. .
Mar. .
A pril .
May .
July .
Open! High | Low I Noon! Close.
12.20
12.22,12
20
12.22
12.27
12.27 12
18
12.19
12.30
12.24112
26
12.30
12.27
12.28 12
19
12.20:
12.17
12.19 12
07
12.11
12.26
12.26H2
19
12.20
12.32
12.32:12
27
12.27
12.31
12.31:12
28
12.29
12.38-39
12.32-34
LIVERPOOL COTTON MARKET.
LIVERPOOL, Aug. 29.—This market
was due's to 7 points higher, hut opened
steady at a net advance of 4 to 4Ms
Points higher. At 12:15 p. rn. the market
was irregular. August 3 points higher
and other positions 1 to 2 points higher.
Spot cotton firm at 8 points advance-
middling 7d; sales 10.000 bales, including
9,100 American; Imports. 3,000, of which
all were American
At the close the market was barely
steady with prices at a net dedlnp of %
to 3 points from the closing quotations
of Thursday.
Futures opened steady.
Opening
Range. 2 P.M
. 6.76 6.74
August .
Aug.-Sept
Sept.-Oct.
Oct.-Nov.
Nov.-T tee.
Dec-Jan.
Jan.-Feb
Feb.-Mar
Mar -April
April-May
May-Juno
June-July
Closed ba (*?■>! v steady.
Close.
... 6.73
. 6.70 6.67 6.65
. 6.61 6.58 6.56
6.58^ 6.55 6.52V*
. 6.53V 2 6.50V, 6.48
. 6.53V, 6.50V 2 6.48
. 6.54 6.51 6.481,6
. 6.56 .... 6.r,o
. 6.55 6.54 6.51
. 6.56% • • • • 6.52
. 6.59 6.56 . 6.32%
6.58V* 6.54 V, 6.51
Prev.
Close.
6.711/4
6.65 Vi
6.571/6
6.541.6
6.491,2
6.49 Vi
6.50
6.57V6
6.53
6.531/6
6.54 V.
6.54
NEW ORLEANS COTTON.
i'll,
[Open'Higb ILow'Noon!
Prev.
Close.
•Aug. . .
12.5O]l2.50’ 12.50 12.501. .......
Sept.
12 44-45
Oct. . .
12.38 12.30 i 12.18112.23 i 12.38-39
Nov.
12.38-39
Dec. . . .
12.27 12.32 12.21 12.26 11.38-39
Jan. . . .
12.31 12.34 12.24 12.30 12.40-41
Feh. . . .
'12.38-40
Mar. . . .
12.44 12.44 12.36:12.37 12.51-52
May . . .
12.51(12.51113.51 12.51112.60-61
♦Indicates bid prole.
COTTON MARKET OPINIONS.
Morris H. Rothschild & Co.: We ex
pect further short covering and enhance
ment in values.
Logan & Bryan: Unless conditions
turn for the better in the Southwest,
trade buying will soon make itself felt
in the future market.
Miss Giles gives the condition of the
yotton crop as of August 25 at 69.9 per
cent, against 78.4 per cent on August
10 and 81.8 per cent a month ago, as
compared with 76.8 per cent for the
corresponding month last year.
She further states that deterioration
during the past month is due to extreme
heat and dry weather in Texas, Okla
homa. Arkansas and Alabama. The de
cline in Mississippi and Louisiana was
caused by weevil damage.
Dallas wires: "Texas and Oklahoma,
clear and warm."
Washington wires: "It is reported
the Democratic leaders in the Senate
have about agreed that some modifica
tions must be made in the cotton fu
tures tax section of the tariff bill. Ac
cording to the rumor, Senator Stone and
others will take the lead and attempt to
persuade the Finance Committee to
bring in an amendment proposing a re
duction in the amount of the tax”
NEW ORLEANS, Aug. 29.— Hayward
& Clark: The weather map shows
cloudy over the entire belt; nice rains
in the Atlanties and Gulf coast districts,
blit only sprinkles shown at Amarillo
and Houston. Cooler in the northwest.
Indications arc still favorable for
cloudy, cooler and scattered showers.
The New Orleans Times-Democrat
says: "With speculators afraid to sell
* contracts and with the new crop move
ment not sufficiently developed to feed
contracts in the shape of short hedges
into the market in volume, high price
sentiment again dominated the ring yes
terday, and values W’ere carried to the
new high levels. Conservative opera
tors are now convinced that current
prices fully discount all the damage that
has been done the cotton crop by drouth.
It is. therefore, quite logical for the
talent to expect the market to do all
of the remainder of its early season
climbing before the promulgation of the
Bureau condition figure at 11 o’clock.
New Orleans time, Tuesday.
"Es4imat.es of the Bureau figures
range as low as 69 and as high as 71.
"Meanwhile, the weather map for the
western cotton belt suggests the pres
ence of moisture, and the Government
predicts unsettled conditions. Rain re
ports to-tlay would check the advance,
provided they seemed general in char
acter. The American markets will be
closed Saturday and Monday. Rains
over Sunday would, therefore, be re
flected first by the action of the for
eign markets. No rains in the west be
tween now and Tuesday morning would
sustain confidence in the long side of
the account, and the market would proh-
ably he higher than last night's closing,
ut the time of the promulgation of the
Bureau.”
LIVE STOCK MARKET.
CHICAGO# Aug. 29.—Hogs—Receipts
18,000. Market 5< to 10c lower. Mixed
and butchers. $7.45 0 9.05; good heavy,
$8.3508.85; rough heavy, $7.4008.20;
light. $8.1509.10; pigs. $5.5008.15; bulk,
$7,950)8.75.
Cattle Receipts 2,000. Market strong.
Beeves, $7,3509.25; row’s and heifers,
$2.2508.30. Stockers and feeders. $5.75(a
7.85; Texans, $6.500 8.00; calves, $10,000)
Sheep- Receipts 10.000. Market strong.
Native and Western, $3.2504.85; lambs,
$5,250:8.15.
THE BEST Want Ad days in The At
lanta Georgian are Monday, Tuesday,
Wednesday, Thursday, Friday and Sat-
nrdaw On Sunday read them in Hearst s
Sunday American. Try them alL The
iasults will surprise you.
Cotton Condition
For August 71,4,
Authority Reports
NEW YORK, Aug. 29.—Reports from
1,939 special correspondents of The
Journal of Commerce, bearing un aver
age date of August 22, show’ a condi
tion of 71.4 per cent for the cotton
crop as compared with 81.1 per cent a
month ago, or a loss of 9.7 points. Only
once in the past ten years has this de
cline in August bifii exceeded. In 1911
it was 14.3 points, and the ten-year
average loss is about 5.9 points. The
condition a year ago W'as 75.4 per cent,
while in 1911, the banner year, it whs
72.6 per cent and 70.7 per cent in 1910.
The ten-year average is 73.5 per cent.
It remains to be seen how far a loss of
9.7 points In condition will be offset
by an increase of 856,000 acres over
last year, or about 2V6 per cent.
Fercentage condition by States fol
lows:
—1913— 1911.
July. Aug. Aug.
Georgia 79.5 79.0 80.6
North Carolina .... 79.3 80.2 79.5
South Carolina .... 76.6 77.5 74 8
Florida 80 79.4 76.0
Alabama 79.2 73.6 79.4
Mississippi 81.0 73 6 70.8
Louisiana 78.4 72.4 62.4
Texas 81.4 65.1 66.0
Arkansas 87.4 77.6 75 0
Tennessee 89.2 81.0 83.4
Missouri 86.6 66.8 86.6
Oklahoma 84.8 60.2 69 2
Average 81.1 71.4 72.6
Deterioration has been greatest in
Texas. Oklahoma and Missouri, where
continued drouth and high temperatures
were chiefly instrumental in causing de
clines of 15.7 points and 15.4 points and
19.08 points, respectively.
• GRAIN
CHICAGO, Aug. 29.—Tbe grain list
w'as under more or less pressure early
to-day and prices were lower % to %c
for wheat, unchanged to %c lower for
corn and *4 to hie lower for oats.
There was an absence of buying power.
Corn markets were lower because of
the favorable weather in the grain rais
ing countries of the world and the in
creased offerings. Northwestern re
ceipts were considerably larger than a
week ago, but were still considerably
smaller than a year ago.
Lard was lower, while ribs w’ere
higher.
Grain quotations to noon:
Previous
High. Low. Noon. Close.
WHEAT—
Sept 85*4 85% 85% 85%
Dec 89% 89 89% 89%
May 94% 93% 94% 94%
CORN—
Sept 72% 71% 72% 72%
Dee 68% 68 68% 68%
May 69% 69% 69% 69%
OATS— »
Sept 40% 39% 40% 40
Dec 43% 43 43% 43%
May 46% 45% 46% 46
PORK—
Sept.... 21.15 21.00 21.15 21.90
xJan... 19.55 19.55 19.55 19.50
Oct.... 20.62% 20.62% 20.62%
LARD—
Sept 11.70
Oct 11.35 11.25 11.35 11.80
Jan 10.95 10.90 10.95 10.87%
RIBS
Sept... 11.45 11.40 11.40 11.40
Oct.... 11.30 11.20 11.30 11.17%
Jan 10.37% 10.32% 10.35 10.30
x—Indicates bid price. j
LIVERPOOL GRAIN MARKET.
LIVERPOOL, Aug. 29.—Wheat opened
%d lower. At 1:30 p. m. the market was
% to %d lower; closed % to %d lower.
Corn opened %d lower. At 1:30 p. m.
the market was %d low’er; closed un
changed to %d lower.
Atlanta Markets
EGGS—Fresh country, candled, 25(g)
27c. .
BUTTER—Jersey and creamery, in
1 lb. blocks, 27%0'3Oc; fresh country,
fair demand, 15018c.
UNDRAWN POULTRY—Drawn, head
and feet on, per pound; Hens 18019c;
fries, 22%024; roosters, 8010c; tur
keys, owing to fatness, 17019c.
LIVE POULTRY — Hens, 40045;
roosters, 30035c; broilers 25030c per
pound; puddle ducks. 30035c; Pekins,
350 40c; geese, 500 60c each; turkeys,
owing to fatness, 15017c.
FRUITS AND PRODUCE.
FRUITS AND VEGETABLES—Lem
ons, fancy, $5.0005.50; California or
anges, $5.3505.50; Concord grapes,
27%0 30c a basket; Missouri peaches,
$.2502.50 per crate; bananas, 2%0 3c lb.;
cabbage, l.%02c per drum; peanuts,
per pound, fancy Virginia, 6%07c;
choice, 5%@6; beets, $1.75 0 200, in half-
barrel crates; cucumbers, $1.2501.50;
eggplants, $1.0001.25 per crate: peppers,
$1.50 per crate; tomatoes, fancy, six-
basket crates. $2.00 0 2.50; onions, $1.00
.per bu.; sweet potatoes, pumpkin yams,
850 90c per bu; Irish potatoes, $1.40 per
bag, containing 2% bushels; akro, fancy,
six-basket crates, $1.5001.75.
FISH.
FISH—Bream and perch, 7c pound;
snapper, 10c pound; trout. 10c pound;
bluefish, 7c pound; pompaho, 20c pound;
mackerel. 7c pound; mixed fish, 506c
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; Home Queen
(highest patent), $5.75; Paragon (high
est patent). $5.75; Sunrise (half patent),
$4.75; 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), $6.15; Sunbeam, $4.76;
Southern Star (patent), $4.75; Ocean
Spray (patent), $4.75; Tulip (straight),
$4.00: King Cptton (half patent), $4.50;
low-grade 98-lb. sacks, $4.00.
CORN Choise red cob, $1.00; No. 2
w’hite bonp 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 W’hite, 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.
By <_
NEW YORK, Aug. 29.—Expectation of >
news affecting the stock market caused
the market to open with a touch of hesi- |
tation to-day. Most prices were higher,
hut after half an hour of trading the
list had a mixed appearance.
Among the advances were: Amalga
mated ('upper, %; American Telephone
and Telegraph. %: California Petroleum,
•%f Chino Copper, %; I>*hlgh Valley. %;
Northewi Pacific, %; Heading, %; United
States Steel common, %.
Reading was one of the most active.
It shaded from 16.T to 162%. American
Can lost %. New York, New’ Haven and
Hartford lost % and Missouri Pacific
went to 31 for the decline of %. *
Union Pacific lost %.
The curb was quiet.
Americans in London Here steady
Canadian Pacific in London was firm
NEW YORK STOCK MARKET.
Stock quotations
46%
25%
67%
130%
37%
97
35%
89%
14
29
47
35%
14%
16%
STOCK— High
Amah Copper. 76Vi
American Can 35%
Am. Car Fdy.
American Ice.
xAm. Smelt..
Am. T.-T. ...
Anaconda ....
B. and O
Beth. Steel....
B. R. T
xxCan. Pacific
Cen. leather.. 24%
C. and 0 59%
Distil. Secur..
Erie
do, pref. ..
xxxOen. Elec.
G. North. Ore.
G. Western...
Interboro ....
do, pref. .. 64
L. Valley. . . 156%
Mo. Pacific. . 31%
N. Y. Central 97%
xxxxN. & W. 105
No. Pacific. . 113%
O. and W. . . 2s%
P. Gas Co. . . 118
Reading . . . 163%
R. I. and Steel 24%
R Island, pfd. 28%
xxxxS. Pacific 90%
S. Rwy.. pfd. 80
St. Paul. . . 107%
Tenn. Copper. 32%
Union Pacific. 155%
U. S. Rubber. 62
U. S. Steel . . 65%
Utah Copper
Wabash. . .
W. Union. .
W. Electric
to noon:
Previous
Low. Noon. Close.
75% 76 73%
35%
46%
25%
67%
130% 130% 130%
37% 37% 37%
97
35%
89%
36
46%
25%
67%
35%
46
24%
68
96%
35 Vi
89%
24%
69%
14
28%
47
24%
59%
14
29
47
35
14
16%
63%
156
31
97%
106
36%
14%
16%
64
96%
35
89%
220 a 4
24
59%
13%
29
46 %*
146
35%
13%
16%
63%
156% 165%
31% 31 Vi
97%
106%
53
4%
68
73%
97%
105
112% 113% 113
29% 29% 29%
118 118 117%
162% 163% 162%
24% 24% 24
28%
90%
80
107% 107% 107%
32 Vi 32% 32
154% 155% 156
62
65%
52%
4%
68
73%
28%
89%
80
27%
91 Vi
19%
62
65
52%
4%
68
73%
62%
64%
52%
4%
68
73%
x—Ex-dividend 1 per cent,
xx Ex-dividend 2% per cent,
xxx—Ex-dividend 2 per cent,
xxxx—Ex-dividend 1% per cent.
STOCK GOSSIP
The foreign stock .markets are dull,
but show a better tone; prices irregu
lar.
The Bank of England reserve is at the
highest paint in seventeen years. There
is little likelihood of an advance in the
bank rate this fall.
In London the price of copper metal
has advanced and improvement is shown
in other European markets.
According to present indications, the
statement of the New York Associated
Banks will be unfavorable. The Street
w ill look forward to the statement with
much interest.
Information channels favor a trading
position. We would look for good buy
ing opportunities, with the intention to
hold stocks for substantial profit.—New
York Financial Bureau.
1 * * M
The Democratic caucus adopted the
administration currency bill by a vote
of 160 to 9. Measure in form ratified
by caucus will come before the House
next week, with the debate starting
September 8.
Directors of the Missouri. Texas and
International and Great Northern appro
priated $11,000,000 for the establishment
of the new routes between terminals of
their railways and South American
ports.
The average price of twelve indus
trials advanced .18; twenty active rails
advanced .99.
There will probably be some evening
up of contracts to-day on account of the
coming holidays. The stock market
looks good and healthy for the upward
trend in prices to continue, as stocks <Jo
not decline on unfavorable news and
show’ activity, and an advancing tenden
cy on all favorable developments. On
any moderaoe recession, I believe stand
ard issues are a purchase for much
higher prices.—G. D. Potter.
Mills Limit Buying
To Actual Needs
BOSTON. Aug. 29. —Woo! sales for
two or three weeks have been normal.
Total transfers for the i»ast week, partly
| estimated, are about 2.500,000 pounds.
The transactions reported include good-
sized lines of territories, graded and in
the original bags, also considerable
fleece wool, nearly all unwashed grades.
Both woolen and worsted mills show a
continued desire to limit purchases to
actual necessities. There is practically
nothing doing in foreign wools.
ReecTpts in pounds for the week ended
and including Wednesday w’ere as fol
lows:
1913 1912.
.Domestic 7,321,758 12.018,002
• Foreign 118,645 3,264,950
Grain Notes
The Chicago Inter Ocean says:
"Sentiment on all grains is more bear
ish and as prices recede the bears be
come more aggressive. There has been
a big lot of liquidation during the past
four days, and the short interest has
increased. Sentiment in com is mixed.
Bears stick to the theory that all grains
should he sold on bulges from the pres
ent ievel. Some of the large commission
houses advise buying on any further
breaks.”
Temperatures: Chicago, clear. 60;
Springfield. Terre Haute, Peoria, clear,
70: Minneapolis, clear. 60. no rain; Kan
sas City, clear, 70; Omaha, clear, 65, no
rain; St. Louis, clear, 70; Winnipeg,
clear, 65; Duluth, clear. 40; Glemwood,
clear, 51; Bismarck, clear. 55.
Totals 7,440,433 15,282,962
Total receipts of 7,440,433 pounds,
compared with 11.678,075 the preceding
week, of which 9,114,576 were domestic
wools.
Receipts in pound® from and includ
ing January’ 1, 1913. as compared with
the corresponding period in 1912, were
as follows:
1913. 1912.
Domestic 116.591,621 180,923,824
Foreign 45,975,906 97,194,113
Totals 162,567,527 278,117,937
MINING STOCKS.
BOSTON, Aug 29.—Opening: Butte
Superior, 29%; Alaska. 18%; Chino, 41%;
Lake Copper, 6% : Fruit, 169.
BAR SILVER.
LONDON, Aug. 29.—Bar silver 27%d.
THE BEST Want Ad days In The At
lanta Georgian are Monday, Tuesday,
Wednesday. Thursday, Friday and Sat
urday. On Sunday read them in Hearst’s
Sunday American. Try them all. The
results will surprise you.
BANK CLOSING NOTICE.
Monday, September 1st. Labor Day. ;
is a legal holiday. The banks composing !
the Atlanta Clearing House Association j
will be closed for business on that day. I
ROBERT J. LOWRY. President.
DARWIN G. JONES,
Secretary and Manager,
The Plot For
the Pennant
Hatched by the celebrated arch-schemer
of baseball fiction, Hugh S. Fullerton, is un
der way in the
SUNDAY
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