Atlanta Georgian. (Atlanta, Ga.) 1912-1939, September 05, 1913, Image 13

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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. ]