Newspaper Page Text
k
THE ATLANTA GEORGIAN ANT) NEWS.
13
Hester’s Report Shows South Got
Greater Return in 1912-13
Than in 1911-12.
NEW ORLEANS, Sept. 5.—Secretary
Hester's annual report says:
* The weight of the crop was 4 27-100
pounds per bale heavier, the Increased
weight being equivalent to an additional
118^000 bales of last year’s growth,
and practically every vestige of the
crop has been used and the mills have
had to trench on the visible and in
visible supply left over from last sea
son to the extent of 726,000 bales.
In grade the crop has been better,
averaging middling to strict middling
compared with an average for last year
of strict low middling to middling.
He puts the average price per pound
for middling for the year at 12.20 cents
compared with 1016 last year, 14.61
year before and 14.37 In 1909-10, and
the average commercial value per bale
at $63.59 against $51.45 last year, and
$76.69 the year before.
The value of the crop, including the
seed, is put at $998,426,669, against
$937,280,764, and attention is called to
the fact that, for a crop embracing
1,971,311 bales less cotton and 893.000
tons less seed, the South received over
$61,000,000 more in money.
Approximately the actual growth
was 14,093,000 bales, or 74,000 bales
less than the commercial crop.
He puts the spindles In the Smith at
12,819,333. including old, idle and not
completed, against 12,318,356 last year.
The consumption by Northern and
Western mills is put at 5,587,000 bales,
against 5,433,000 last year.
He puts the world’s consumption of
American cotton at 14,903,000. an in
crease over last year of 388,000, and an
increase over the year before last* of
2.849,000
Vdr. Hester says that American mills
had another year of remarkable
■pPrvlty, both North and South; the
number of bales used having been great
er than ever before. In the South,
which has been the most active, mill
replies as a rule have contained the
stereotyped statement of “full time.”
An increase of 545,000 spindles is
shown in Southern mills In operation.
COTTON GOSSIP
Dallas wires: “Texas clear; light
rains at Kingsville, Beeville and Ama
rillo. Oklahoma clear.’’
* * *
NEW ORLEANS, Sept. 5.—Hayward
& Clark: The weather map shows gen
erally fair in Texas and Oklahoma;
cloudy over rest of the belt; no rain re
ported in the Western States, Arkansas
or west Tennessee. Rather general
rains fell over rest of the belt, the best
being In Alabama and portions of Mis
sissippi. Indications shows rainstorm
formation over the central Gulf, which
will cause unsettled rainy weather in
Louisiana, Arkansas and parts of east
Texas.
* * *
Rainfall: New Orleans, .62; Meridian,
.38; Montgomery, .24; Atlanta, .02; Au
gusta, .20; Charleston, .10; Raleigh, .02;
Jackson, .12; Birmingham, .30; Annis
ton, .78.
* * •
The New Orleans Tlmes-Democrat
says: "Light rains, rather general in
character fell over the eastern half of
the cotton belt, where they were needed,
and the contract market lost between
15 and 20 points Thursday. Spots are
not in good demand, forward sales are
few and far between, and the Interior
is a seller on a tender basis. Maily
opinion-molder operators believe the
promise Is for a 15,000.000-bale crop.
“The talent has had two weeks in
which to digest and discount crop de
terioration and adverse reports no long
er exert acute influence. Why, then,
does the contract market seem able to
take good care of itself at a time when
many cautious traders are convinced
the supports are thin and the price
ground unsafe? In the first place, New
York needs a protective stock, and the
talent there is far more concerned with
the problem of attracting actual bales
than with the ultimate fear of the mar
ket. By driving contract values above
spots cotton is attracted. Hence the
activity of some big New York opera
tors In behalf of the long side. Out
siders who always like the bull side best
Joined forces wit*h the professionals
just as soon as the boom got under way
after crop disaster reports began com
ing in from the West.’’
Wool Sales Small
Because of Holiday
BOSTON, Sept. 5.—With most of
the wool houses closed for the an
nual outing of the trade, a half Holi
day Saturday and a full one on Mon
day, the past week has been broken.
The result is clearly seen in the re
duced sales reported by leading
houses. No particular change In the
market is noted. Worsted mills have
been the principal buyers. They re
port a fair amount of goods sold in
both staple and fancy lines. Fleeces
have been more quiet, but territories
continue to move while foreign wools
show some activity. Receipts in
pounds for the week ended and in
cluding Wednesday follow:
1913. 1912.
Domestic . . . 6,933,808 8,606,110
Foreign .... 181,646 1.450,300
Totals . . . 7,115,454 10,056,410
Receipts in pounds from and in
cluding January 1, 1913, as compared
with the corresponding period in 1912,
follow:
1913. 1912.
Domestic . . .123,525,429 189,549.894
Foreign .... 46,157,552 98,644,413
Totals . . . .169,682,981 288,194,307
SPOT COTTON MARKET.
Atlanta, steady; middling 12%.
Athens, steady; middling 11%.
Macon, steady; middling 12%
New Orleans, steady; middling 12 11-16
New York, quiet; middling 13.25
Philadelphia, quiet; middling 13.50.
Boston, quiet; middling 13.25.
Liverpool, firm; middling 7.40d.
Savannah, firm; middling 12V
Augusta, steady; middling 12%.
Charleston, nominal.
Norfolk, steady; middling 12%.
Galveston, firm; middling 12 1-16.
Mobile,’ quiet; middling 11%.
Wilmington, nominal.
Little Rock, steady; middling 11%.
Baltimore, nominal; middling 12o.
6t. Louis, quiet; middling 12c
Memphis, steady; middling 12%.
Houston, steady; middling 12 1-16.
Louisville, firm; middling 12%
Charlotte, steady; middling l2o.
Greenville, steady; middling 12a
>
LIVE STOCK.
CHICAGO, Sept. 6.—Hogs: Receipts,
14,000; market 5 to 10c higher; mixed
and butchers, 7.50@9.00; good heavy.
8.00(38.65; rough heavy. 7.35(^7.90; light.
8.10@9.05; pigs, 5.10(38.00; bulk. 7.90(3
8 65.
Cattle: Receipts. 1,500; market
steady; beeves. 7.350"9.15; cows and
heifers. 3.25(&8.30; stockers and feeders.
5 7o!3>9.15; cows and heifers, 3.25^18.30;
■gockers and feeders. 5.750 7.85; Texans,
6.50'S 8.00; calves. 10.000 11 75
Sheep: R< "elpts. 12.000; market
steady; native and Western, 3.25<&4.70;
K ^ ‘■'■•v ^.00 (3 7.85.
COTTON
STOCKS
NEW YORK. Sept. 6.—In response
to poor cables and continued selling by
the big spot Interests, the cotton mar
ket opened barely steady to-day with
prices at a net decline of 7 to 15 points
from Thursday's final.
There was a good deal of buying on
the opening by sold-out longs, but the
market turned suddenly weak on heavy
selling by the ring and Wall street.
Liverpool was said to lack aggressive
ness on the buying side.
The official weather man showed some
good rains in parts of Texas. Indica
tions pointed to unsettled weather and
rains over the central and eastern bell*
also for southwest Texas, with a good
chance for a rainstorm in the central
ulf, which is likely to move westward.
At the end of the first hour prices
showed a net declipe of 2 to 18 points
from the previous close.
Following are 11 a. m. bids in New
York: October. 12.84; December, 12.86;
January, 12.78; March, 12.86.
Following are 10 a. m. bids in New
Orleans: October, 12.82: December,
12.90; JanuaA, 12.93; “March, 13.02.
Estimated cotton receipts:
Friday. 1912.
New Orleans 800 to 1,000 549
Galveston 14,500 to 15,500 20,234
NEW YORK COTTON.
1 i | rrev.
(>pen!lTigh Low Noon! Close.
Sept. .
. . 112.80
12.80
12.80
12.8012.90-96
Oct. .
. . 12.80
12.91
12.77
12.54
12.95-96
Nov. .
. . 12.83
12.83
12 83
12 83
12.90-91
Dec. .
. .112.83
12.93
12.79
12 85
12.95-97
Jan. .
. . (12.77
12.84
12.70
12.78
12.86-87
Feb. .
. .
12.88-90
Mar. .
. . 112.85
12.91
12.8012.86
12.95-96
April .
. . 12.86
12.86
12.8512.85
May .
. . 112.90
12.96
12.87
12.90
12.99-13
June .
. . 12.90
12.90 12.9012.90
13.05-07
July .
. . 112.90 12.94 12.9012.94
NEW ORLEANS COTTON.
Open! High 1 Low [Noon
Prev.
Close.
Sept. . . .
Oct. . . .
Nov. . . .
Dec. . . .
Jan. . . .
Feb. . . .
Mar. . , .
May . . .
12.68 12.72
12.8012.86
12.80 j 12.93
12.8912.97
. .J ..
12.68
12.78
12.84
12.89
12.72
12.83
12.91
12.93
12.78-80
12.92-93
12.95-97
12.98- 99
13.01-02
12.98- 13
13.10-11
13.18-19
13.00 13.03
13.07jlS.il
12.96
13.06
13.03
13.09
LIVERPOOL COTTON MARKET.
LIVERPOOL, Sept. 5.—This market
was due 2% to 3 points lower, but
opened easier at a net decline of 9 to
10 points. At 12:15 p. m. the market
was steady, 7 to 9% points lower.
Spot cotton firm at 5 points decline;
middling 7.35d; sales 7,00-0. including
6,300 American.
At the close the market was quiet but
steady with prices at a net decline of
6 to 7% points from the closing quota
tions of Thursday.
Futures opened easier.
Opening. Prey.
Range 2 P.M. Close. Close.
September 7.02 7.04 7.10
Sept.-Oct. . . 6.88% 6.90% 6.91 6.97%
Oct.-Nov. . . 6.85 6.84 6.86% 6.93%
Nov.-Dee. . . 6.78 6.79% 6.80 6.87
Dec.-Jan. . . |6.78 6.78 6.80 6.87
Jan.-Feb . . 6.77 6.78% 6.80% 6.87%
Feb.-Mar. . . 6.78% 6.90 6.81 6.87%
Mar.-April . . 6.79 6.79% 6.81 % 6.89
A pril-Mav . . 6.81% 6.79 6.82% 6.89
May-June . . 6.79 6.7$% 6.81% 6.89
June-July . . 6.77 6.76 6.78 6.87
July-Aug. . . 6.76 6.76% ...
Closer] quiet but steady.
STOCK GOSSIP
Now that cotton is being billed and
has advanced about 2 cents, the public
is flocking to that market and desert
ing stocks. The Iambs are buying at
the top. Commission activity is swing
ing to the cotton market also.
* * *
Holders of Union Pacific stock who
subscribed to Southern Pacific must
part with either one of the other, ac
cording to the decree of the court re
specting ownership of both Harriman
lines.
• • •
The currency bill was favorably re
ported to the House by a vote of ilO to
1. General debate on the bill will begin
Tuesday in the House. The Senate
caucus may not dispose of the bill be
fore November 1. The tariff bill is ex
pected to reach the Senate Saturday.
• * •
Norfolk and Western earned 10.26 per
cent on common stock in last fiscal
vear, as compared with 9.87 per cent in
1912.
* * *
The London stock market will be
closed Saturday.
* * m
Arbitration board to winch Eastern
railroad firemen and conductors de
mands are referred will not meet until
next Thursday.
* ♦ •
The stock market appears to be over
sold. Rallies are likely to be held in
check for the bank statement and Gov
ernment crop report.—New York Finan
cial Bureau.
• • •
By CHARLES W. STORM.
NEW YORK, Sept. 5. A bullish' ten
dency pervaded the stock market at the
opening to-day and there was a general
upturn, led by Amalgamated Copper,
which advanced 1%. Conditions in the
copper metal market were responsibU
for this rise. It is generally believed
that The price of this metal is bound
to rise because of troubles which have
beset copper producing companies along
the Mexican border, in Mexico and in
Michigan, where a strike is in prog
ress.
The Harriman issues were strong.
Union Pacific advanced 1 point and
Southern Pacific made a gain of %
The sudden rise in the rate of call
money, due to banks calling loans, did
not affect the market
Trading was not in big volume, but
the list readily responded to purchases.
Among the other gains were American
Can. %; American Locomotive, %;
American Smelting. %; American Tele
phone and Telegraph, %; Baltimore and
Ohio, %; St. Paul, %; Ohio Copper, %:
Erie. %; Lehigh Valley, %; Missouri
Pacific, %; New York t New Haven and
Hartford, %: Northern Pacific, %:
Reading, %; United States Steel com
mon, %.
The curb was firm.
Americans In London were steady at
gains over New' York parity. Canadian
Pacific in London was strong on repur-
cTiases.
NEW YORK STOCK MARKET.
Stock quotations to noon:
STOCKS— High. Low.
Previous
Noon. Close.
Ainal. Copper. 77
78%
77
75*
American Can 33%
33 *
33*
32%
Am. Car Fdy. 46
46
46
46
American Ice. 24
24
24
23%
Am. Smelting. 68%
67*
68%
66%
Am. T.-T 131
181
131
130*
Atchison 94%
94%
94*
94
B. and 0 96Vi
95%
96%
96*
B. R. T 89 >4
89%
89*
89*
Can. Pacific.. 221
219%
220%
219*
Cen. Leather.. 23
23
23
22*
xC. and O. ... 58
58
68
58%
Erie 28i,4
28*
28*
28%
do. pref. .. 46%
46 Vi
46*
45%
G. North pfd. 126
126
126
125*
Ill. Central.... 108
108
108
Interboro .... 16
16
16
16%
do, pref. .. 62 Vi
62%
62*
62*
M., K. and T. 22*
22
22*
22
L. Valley. . . 153%
152%
153*
153
L. and N. . . 135
135
135
134%
Mo. Pacific . . 29
28%
29
28*
N. T. Central 95%
95 Vi
95*
95
N. and W. . . 104*
104*
104*
104*
No. Pacific . . Ill*
111
111%
111
P. Steel Car . 26
25*
26
25*
Reading . . . 160
159*
160
Rock Island . 17
17
17
16%
So. Pacific . . 90%
90*
90%
89*
Bt. Paul. ... 106
105%
105%
105*
Union Pacific. 150%
149%
150%
149*
U. S. Steel . . 62%
62%
62%
62*
Utah Copper . 65
64*
55
54%
W. Union . . 67
67
67
67*
GRAIN
CHICAGO, Sept. 5.—An accumulation
of overnight buying orders in the hands
of commission houses was responsible
for a wild opening in corn this morning
on the Board of Trade, September rang
ing from 77 to 77%, December 73% to
74, and May at 75 to 75%, the outside
figure being the highest on the crop
with gains of % to %.
There were heavy sales for profits by
longs on the bulge. News from abroad
was bearish, Argentina shipments ag
gregating 7,285,000 bushels. Liverpool
was % to %d lower when this market
opened, due to the liberal experts.
Local receipts were 345 cars.
Wheat was not influenced by the
strength in corn and the firmer cables
from abroad, and ranged about %c low
er. Expectations were for smaller
world’s shipments, the combined ex
ports from Argentina, Australia and
India being only 2,000,000 bushels.
Local* arrivals were 132 cars, against
270 cars, while Northwestern markets
received 676 cars, against 638 cars last
year.
Oats were easier with September sell
ing between 43%@43%; December, 45%
@46%, and May 48%(348%.
Provisions advanced in sympathy with
a gain of 10@l5c in hogs at the yards.
Western points received 43,900, against
34,600 last year.
The Chicago Inter Ocean says:
“Continued hot and dry w'eather over
the great winter wheat country is caus
ing considerable delay in plowing for the
next crop and promises to become a
very important factor in the wheat sit
uation There appears to be no top to
the com market and the higher prices go
the greater the bullish enthusiasm be
comes. Prices have reached a point
where some traders are afraid to fol
low the market further, and a few of
the big commission houses are advising
against purchases and also add that con
ditions are such that it is not wise to
sell the market short.’’
G. D. Potter says; "It looks as if the
bulk of the selling has been done by
the professionals. I believe the short
interest has been Increased and that
stocks will have a moderate rally.
Crop damage reports will have their in
fluence. but should corn decline a few
points it would help the stock market.’’
Atlanta Markets
EGGS—Fresh country, candled, 25@
27c.
BUTTER—Jersey and creamery. In
1-lb. blocks, 27%@30c; fresh country,
fair demand, 15@18c.
UNDRAWN POULTRY—Drawn, head
and feet on, per pound; liens 18@19c;
fries, 22% @24; roosters. 8©10c; tur
keys, owing to fatness, 17(31*0.
LIVE POULTRx — Hens, 40@45;
roosters, 30 (3 35c; broilers 25@30c per
pound; puddle ducks, 30@3oc; learns,
35(3 40c; geese, 50@60c each; turkeys,
owing to fatness, 15@17c.
FRUITS AND PRODUCE.
FRUITS AND VEGETABLES—Lem
ons, fancy, $5.00@5.60; California or
anges, $5.35(3 5.50; Concord grapes,
27%@30c a basket; Missouri peaches,
$.25(32.50 per crate; bananas, 2%@3c lb.;
cabbage. l%@2c per drum; peanuts,
per poi nd, fancy Virginia, 6%@7c;
choice, 5%@6; beets, $1.76@?00, in half-
barrel crates; cucumbers, $1.25@1.50;
eggplants, $l.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 i^ass, 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, 6.60; Faultless
(finest patent), $6.25; Home Queen
(highest patent), $6.75; Paragon (high
est patent), $5 75; Sunrise (half patent),
$4.To; White Cloud (highest patent),
$6.00; White Daisy (highest patent),
$5.00; Whit*. Lily (high patent), $5.00;
Diadem (fancy high patent). $5.76; Wa
ter Illy (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.
CHICAGO GRAIN MARKET.
Grain quotations to noon:
Previous
High
Low
Noon
Close.
WHEAT—
Sept 89%
88%
89*
89*
Deo 92%
92%
92*
92*
May 97%
97*
97%
9744
CORN-
Sept 77%
76*
77
77*
Dec 74
73*
73*
73*
May 75*/2
OATS—
74*
74%
76*
Sept 43%
43%
43
43*
Dec 46%
45%
45*
46%
May 48*
48%
48%
48*
PORK—
Sept... 22.30
22.25
22.25
22.75
Jan.... 20.50
20.40
20.45
20.35
May ... 20.60
20.52%
20.55
20.42%
LARD—
Sept.... 1137%
11-37%
11.37*
11.40
Oct.... 11.42%
11.42%
11.42%
11.40
Jan.... 11.40
11.30
11.40
11.25
RIBS-
Oct.... 11.47%
11.37*
11.37*
11.75
Jan.... 11.82%
11.80
11.80
11.75 •
May.... 10.95
10.90
10.90
10.85 .
Grain Notes
Bartlett, Frazier Co says: "Wheat—
The continued dry weather over the
winter wheat country is beginning to
cause talk of a decrease In acreage.
We think this is a most important fea
ture to watch. The market is gradu
ally growing into a stronger position.
"Corn—After the tremendous ad
vance which has taken place during the
past week it would seem as though a
setback was in order.
“Oats—We feel that the market
should be bought on any good reces
sion.’’
LIVERPOOL GRAIN MARKET.
LIVERPOOL, Sept. 5.—Wheat opened
% to %d higher. At 1:30 p. m. the
market was % to %d higher; closed %
to %d higher.
Corn opened % to %d higher. At 1:30
p. m. the market was % to %d higher;
closed % to %d higher.
BAR SILVER.
NEW YORK, Sept. 5.—Commercial
bar sliver, 69%; Mexican dollars. 46c.
DO YOU NEED HELP of any kind? A
little ' Warn Ad" will get It for you
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. Toe
will surprise you.
r———
Life’s Worth
Living in Georgia
- .
If you prefer city life, there
are no better cities in the
world than those in Georgia.
If you prefer village life, the
smaller towns in Georgia
offer every inducement.
If you prefer country or farm
life, Georgia offers greater
inducements than any State
in the Union. Georgia lands
work the year round, from
two to five crops being gath
ered off of the same land
each year—crops that are
profitable.
Climate and Soil
l =
The climate is such that far
mers do not have to house
stock during the winter, there
being good grazingtheentire
year. For raising cattle and
stock Georgia offers greater
inducements than can be
found elsewhere.
' The soil is suited for almost
anything that grows and can
be utilized the entire year.
The prices at which good
• farm land can be purchased
at present in Georgia are so
low that it is a matter of
comment —-some thinking
that the land is not so good
as stated. The land is good,
but there are thousands of
acres that are now lying idle
and the good people of
Georgia are anxious for good
farmers to come among them.
Consequently the land is
cheaper here than elsewhere.
Information Furnished
t - —
If there is anythingyou would
like to know about Georgia,
a letter to the Real Estate
Dept, of Hearst’s Sunday
American or Atlanta Geor
gian will bring just the infor
mation you desire without
cost to you.
Come to Georgia, where life’s
worth living. Address
Real Estate Dept.
Hearst’s Sunday American
or Atlanta Georgian
V
Enthusiasm Is Running High
In Pedalmobile Contest
L
“Gee, ain’t it a peach! Couldn’t I speed some if I had one of
them! How many are you going to give away, Mister?” These
are some of the remarks to be heard around The Georgian Office
where the big red “Georgian Flyer” is on exhibition—the one
just like The Hearst’s Sunday American and Atlanta Georgian
will give to each boy and girl who secures forty new subscrip
tions to the paper before October 1.
There are many earnest workers and the subscriptions are
coming fast. It would only be a wild guess now to say who will
win the first fifteen cars and receive the Charter Membership
Certificates to the Atlanta Pedalmobile Racing Club. These Cer
tificates will entitle the holder to compete in any or all races and
events to be held in the near future.
Pedalmobile Clubs are to he found in many of the large
cities, having been promoted by some of the largest and best
newspapers in the country. This sort of sport may be new in At
lanta, but in many particulars the Pedalmobile races are to the
children what the Auto races are to the grown-ups. In fact, they
are handled a good deal on the same order and are interesting
to the parents as well as the children.
These little machines are not to he confined to pleasure
alone, but can be put to good use in many different w r ays. In
some cities carrier hoys who have won Pedalmobiles may be seen
distributing their papers in them. All these cars are well-made
and serviceable and will surely gladden the heart of any boy or
girl who is fortunate enough to win one.
These cars are now on exhibition in the window of O. C.
Polk Dry Goods Store, 29 South Gordon Street; South Pryor Ice
Cream Parlor, 353 South Pryor Street, and Imperial Tire and
Tube Company, 349 Peachtree Street. While attending the Odd-
and-Ends Sale at Polk’s Dry Goods Company, be sure to notice
the “Georgian Flyer” in the window.
OUTSIDE WORKERS.
A number of boys and girls outside of the city of Atlanta
have sent in their application blanks and are now working earn
estly to obtain one of the handsome little cars. The Pedalmobile
man will be glad to send subscription blanks to more honest hust
lers who would like to own a Pedalmobile.
Just fill out the application blank below and full particu
lars will be mailed you at once.
APPLICATION BLANK
: :
Pedalmobile Department of the Hearst’s Sunday American and j
Atlanta Georgian.
20 East Alabama St., Atlanta, Ga.
I am Interested in your free Pedalmobile offer and am determined to win
one if my application is aocepted. Please send blanks and full particulars.
]