Atlanta Georgian. (Atlanta, Ga.) 1912-1939, August 29, 1913, Image 11

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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 AMERICAN The second installment of this enthrall ing tale will appear next Sunday with a syn opsis of what has gone before, so it is not too \ late to become a fiction fan. Incidentally one may read in the same issue of Lily Elsie’s Shattered Romance It’s a story of how this noted beauty de fied all superstitions which surround newly weds only to find that she just could not give up her old stage friends to please a mere husband. There will be another tale which proves that songbirds are Not Above the Law After All TP HP* ten limes The Price For it regularly contains all the news of every line—Sports, Finance, Local, Tele graph and Cable, to say nothing of a hun dred other features. If you are the one per son. in ten who Is net a regular reader, you had better order at once and become one. From your dealer or by phone, Main 100. For it reveals the agitation of emotional ly unrestrained, tenors and prima donnas who are cruelly worried by the sentencing of Carl Burrian to a month’s imprisonment for stealing another man’s wife. These are but a few of the things which go to make The Sunday American worth AMERICAN FLAG S OFFER & !£SS2SSS22229S£«S2S92S99S89?S92S for 90 cents THIS COUPON and 90o entitles the holder to an American Flag, 5 feet by 8 feet, when presented at our offices, * HEARST’S SUNDAY AMERICAN THE ATLANTA GEORGIAN 20 EAST ALABAMA ST. 85 PEACHTREE ST. Flags will be 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 ycrar home. Take advantage of this offer. Hearst’sSunday American am Atlanta Georgian 20 East Alabama Street 9 Ed g ewood Avenu®. ATLANTA, GA. OOOCOCOOG Valued at Five Dollars This beautiful American Flag, the very latest, with 48 stars, made of fine bunting. Cut out Coupon below, and bring to THE HEARST’S SUNDAY AMERICAN and ATLANTA GEORGIAN Of fice, with 90 cents, and secure one of these beautiful flags. SM ^sse&sse