Newspaper Page Text
TTTE ATI ANT A GEORGIAN AND NEWS.
11
V
l
COTTON
NEW YORK, Sept. 9.—An extraordi
nary advance in cables from Liverpool
to-day caused considerable of a flurry
at the opening: of the local cotton mar
ket and first prices were at a net ad
vance of 17 to 21 points from last night's
close. All positions crossed the 13-
cent level. Private advices attributed
the strength in Liverpool to renewed
continental and American buying
Spots in Liverpool was up 31 points.
After the call the list was active and
there was considerable profit taking
Mitchell starts the decline by flooding
the market with selling orders, which
were mtimated at 40,000 bales, most of
which was said to be for Graig and of
December contracts. This resulted in a
general liquidation movement and the
South came in a seller. Some of the
leading bulls closely Identified with spot
interests were of the opinion that the
market was in a position to react some
20 to 25 points, and they advised the
purchase of cotton on all reactions
This selling was based mainly on re
ports of heavy rains in the Southwest
and Arkansas and other points through
out the cotton "Belt, wnere rains are
needed. This, of course, had a depress
ing effect and a decline of 7 to 15 points
from the Initial range followed
Following are 11 a. m, bids in New
York: October, 13.28; December 12 22'
January, 13.14; March, 13.22.
Following are 10 a. m. bids in New
Orleans: October, 13.16; December
13.26; January, 13.30; March, 13 40
Estimated cotton receipts:
„ _ , Wednesday. 1912.
New Orleans ... 1,000 to 1,200 476
Galveston 16,000 to 17,500 15,549
NEW
Cotton
YORK COTTON
quotation*;
MARKET.
Sept. . .
Oct. . .
Dec. . .
Jan. . .
Feb. . .
Mch. . .
April . .
May . .
June . .
July . .
I Prev
|Open!Higrh !Low|Ncron| Close.
13.07-09
13.25 13.09-10
13.06-07
13.41-43
12.98-13
13.07-08
13.30113.32113.20
13.27 13.27 13.12
13.16
13.24
13.17
13.25
13.27 13.29
13.33 13.33
.3.05
13.16
13.22
13.28
13.20
13.11
13.21
13.27
13.28
13.10-13
13.10-13
13.12-14
LIVERPOOL COTTON MARKET.
LIVERPOOL, Sept. 9.—Due 5 to 7
points higher, this market opened firm
at a net advance of 8% to 10 points. At
12:15 p. m. the market was steady, 17
to 18 points higher.
Fair business doing in spot cotton at
29 point3 advance; middling 6.60d; sales
8,000 bales, including 6.000 American;
imports 1,000 bales, of which none were
American.
At the' close, the market was barely
steady with prices at a net advance of
14% to 151^ point? from the closing
quotations of Monday.
Cotton quotations:
Opening
Range. 2 P.M.
Sept. . . .
Sept.-Oct.
Oct.-Nov.
Nov.-Dec
Dec.-Jan.
Jan.-Feb.
Feb. - Mch.
Mch.-Apr.
Apr.-May
May-June
June-July
July-Aug
Cl< *
..7.22
. 7.09
. 7.04
. 6.98
. 6.97
. 6.97
. 6.99
. 6.95V*
. 6.99 Vi
. 6.991/2
6.98
6.95
7.39
7.17
7.12
7.07
7.05*4
7.05 Vi
7.07*4
7.07
7.09
7.10*4
7.05*4
9.05*4
losed barely steady.
Close.
7.26
7.14V4
7.09 V*
7.03
7.03
7.03
7.03 Vi
7.04*4
7.04*4
7.044
7.02
7.00
Prev.
Close.
7.11*4
6.99
6.94*4
6.88
6.88
6.88 Vi
6.89
6.90
6.90
6.90
6.87*4
6.85
NEW ORLEANS COTTON MARKET.
Cotton quotations:
I | Prev.
[Open'High I Low |N’n.| Close.
13.00-05
Sept |
Oct. . . . .113.1613.20
Nov 1 ....
Dec '13.20 13.27
Jan 113.27 13.32
Feb [ .... ... .
Mch . . . ,13.36 13.41
May . . . 113.48 13.50
13.12
13.19
13.22
13.34
13.42
13.12'13.01-04
. . . .113.10-11
13.20 13.15-16
13.27H3.10-11
. . . .13.17-19
13.37 13.30-31
13.46113.38-39
COTTON MARKET OPINIONS.
Sternberger, Sinn & Co.: We look for
higher prices
Logan <fc Bryan: We may have tern
porarv reactions from time to time, al
though we look for higher prices.
Miller & Co.: We would either buy
cotton or let it alone.
Norden & Co.: We think higher prices
will be seen in due course.
The strength of the market to-day
was on buying by bulls who were
frightened out of their cotton Friday anq
Saturday, and covering by shorts who
had sold on the unfavorable Washing
ton news on the same days.
• * *
McFadden & Weld were reported to
have furnished a large portion of the
contracts yesterday, but the former was
credited with being a big buyer in Liver
pool. Wllllnston, Springs. McCornick.
Raymond, Pell brokers anq Wall street
brokers generally bought, and all over
13 cents for December there was heavy
uptown buying, probably to cover shorts.
Washington news and rumors influ
enced the market more than anything
else, and on the whole the room is quite
hopeful of favorable action in the con
ference committee.
* • *
The ginning figures yesterday, al
though big. were regarded as bullish be
cause corroborative of drouthy condi
tions in the Southwest. Rains in that
section are considered too late to be of
much help.
* * *
Sentiment Is quite friendly to the mar
ket on breaks.
* • •
The sudden advance late yesterday
was based on more favorable news from
Washington, and it was reported that
Mr. I'nderwood was not in favor with
the 'cotton tax rider” of the tariff bill
This, of course, had a stimulating ef
fect and caused some 20 points rally.
• * •
Dallas wires: "Texas generally cloudy.
Rains. Paris Corsicana. Bonham. Hous
ton. Arthur City. Amarillo Generally
cloudy, threatening.”
• • *
Browne. Drakeford & Co.. Liverpool
cablp: "Market has advanced in conse
quence of heavy buying by continent and
America, and a prominent operator to
cover.”
a * *
The New Orleans Times-Democrat
says: "Cotton market fluctuations now
follow close on the heels of news from
Washington. When the Clarke tax bill
seems certain of passage, cotton values
decline When there is hope of defeat
ing it cotton values advance. And noth
ing else influences the market at the
moment. last Friday both New Or
leans a^-i NVw York ! n the not result
] f at ah lit 35 points on th« announeemon
that the Senate caucus committee had
for the second time approved Senator
Clarke's uncommercial measure.
"Saturdav there was a lull, the fore
cast regarding legislation being some
what mixed. Monday splendid rains
over the greater part of Arkansas and
Texas and some rains in Oklahoma
were reported and the market could
have declined in anticipation of an im
proved crop outlook in the west had it
not been for the Senate's action in
deferring the date at which it is pro
posed for the Clarke tax to become ef
fective until after the marketing of the
1913-14 crop. As a direct result of the
freeing of the current crop from the
handicap of the tax contracts promptly
regained the number of points lost on
Fridav last. Later in the session when
a Washington telegram reported Con
gressman Underwood opposed to Senator
Clarke’s measure and predicting Its de
feat or radical amendment by the con
ference committee, further support came
to -the market and the net advance on
the day s trading amounted to 4 cent a
pound.” m • •
New Orleans. Sept. 9.—Heyward &
Clark: The weather map shows mostly
STOCKS
By CHARLES W. STORM.
NEW YORK, fcje*>t. 9.—Conditions in
the copper metal market reacted with a
bearish influence on the stocks of this
group at the opening of the stock mar
ket to-day. In fact, nearly all stocks
were lower. Chino Copper began 14
lower, while Amalgamated was off %.
American Smelting lost fractionally.
Among the other losses were United
States Steel common %, Union Pacific
%• Southern Pacific *4, Reading 4.
Northern Pacific V4, New York Central
1. Lehigh Valley %, St. Paul %, Ches
apeake and Ohio %, California Petro
leum *4, Mexican Petroleum 4.
Canadian Pacific made a fractional
upturn. Much of the heaviness was
caused by Wall street reports that the
Government crop figures would be bear
ish.
The cubr market was steady.
Dealings in American stocks in Lon
don were professional. Canadian Pacific
in London was up.
NEW YORK STOCK MARKET.
GRAIN
CHICAGO, Sept. 9.—Good rains fell
over part of the corn belt that has been
suffering from drouth, especially in Kan
sas and Oklahoma. This precipitation
was reflected In a decline of % to 4c
In corn at the opening this morning.
Wheat declined with corn, and on the
breaking of the drouth showed a loss of
4 to 4- The Government report, which
will he issued after the close to-day,
served to keep the jnarket within com
paratively narrow limits.
Provisions were irregular, but aver
aged slightly higher with hogs, which
were up 5c, due to light receipts.
CHICAGO GRAIN MARKET.
Grain quotations to noon:
WH EAT-
High. Low.
Previous
Noon. Cloae.
Stock quotations to noon:
274
33%
95
43
23%
35*4
67%
934
964
884
STOCK— High
Amal. Copper. 774
Am. Beet Sug.
American Can
do, pref. ..
Am. Cot. Oil..
American Ice
Am. Locomo...
Am. Smelting.
Atchison
B. and O
xB. R. T ....
Can. Pacific.. 220%
Cen. Leather.. 224
C. and 0 57%
Erie 28%
Gen. Electric.. 1444
G. North, pfd. 126%
G. Western... 134
Interboro ....
do, pref. ..
L. Valley. .
L. and N. . .
Mo. Pacific . .
N. Y\ Central
N. and W. . .
No. Pacific . .
Penna. . . .
Reading . . .
So. Pacic. . .
So: Railway .
do. pfd.. . .
St. Paul . . .
Tenn. Copper.
16
624
1524
1354
294
954
105
1114
1124
1594
90%
24%
79%
105
344
Low.
77
27
33%
95
43
23%
35*4
67%
9 %
96%
88%
2194
224
574
28%
1444
126%
134
15%
614
Previous
Noon. Close.
77 77%
88*4
914
96%
734
75%
27
33%
95
43
23%
354
67%
934
96%
884
219%
224
57%
1444
126%
134
15%
614
1624 1524
1364 1354
Union Pacific. 150
294
944
1044
1114
1124
1594
90
244
794
105
344
149%
62*/ 4
55%
294
95%
1044
1114
1124
1594
90
244
794
105
344
149%
62%
55%
U. S. Steel. . 62%
xxU. Copper. 564
xEx-dividend, 14 per cent.
xxEx-dividend, 4 of 1 per cent.
33%
95
43
23%
354
68
92
964
89%
2204
224
574
28%
144
1264
134
15%
62
153
135%
294
954
1044
111
112
1594
904
24
79
1054
34 4
1504
62%
56%
Sept...
Dec
May....
RIBS—
Sept
Dec
May
1 LARD—
Sept 43*4
Dec 454
May 48 4
PORK—
Sept.... 22.20
Jan.... 20.40
| May. . . . 20.55
OATS—
Sept. . . . 11.40
Oct.... 11.474
Jan.... 11.20
CORN-
Oct.... 11.274
Jan 11.724
May.... 10.874
884
91%
964
764
73%
744
42%
454
48%
884
91%
964
764
734
744
43
45 4
48%
894
914
96%
76%
734
75
43%
454
48%
22.00
20.40
22.00
20.40
20.374 20374
20.374
20.42%
11.40
11.424
11.174
11.25
11.70
10.80
11.40 11.474
11.-.24 11.424
11.174 11.174
31.26
11.70
10.824
11.36
11.70
10.85
Grain Notes
STOCK GOSSIP
Interboro Rapid Transit earned 18.68
per cent net, against 10.07 per cent last
year; gross earnings increased $1,251,479.
« * *
New* York Central sells $5,000,000 one-
vear notes to J. P. Morgan & Co.
* * *
Further Senate committee hearing on
the currency measure postponed to Sep
tember 16; may go before the House to
day.
* * •
Twelve industrials declined .01; twenty
active rails decreased .38.
• * *
A wailing attitude is noticed on the
part of the majority of stock market
daily operators. Pending announcement
of several Important features, a contin
uation of the bull specialty tactics may
be seen. On reactions from current
prices, good buying will he found.—New
York Financial Bureau. *•
MINING STOCKS.
BOSTON. Sept. 9.—Opening: Butte
Superior, 354; North Butte, 28*4; Gran
by. 75; Nlpissing. 9; American VVdolen
preferred, 794; New' Haven, 904-
BAR SILVER.
LONDON Sept. 9.—Bar silver quiet
at 27 9-16d.
NEW YORK. Sept. 9.—Commercial
bar silver, 59%; Mexican dollars, 46c.
LIVE STOCK MARKET.
CHICAGO. Sept. 9. — Hogs—Receipts
14.000. Market 5c to 10c higher. Mixed
and butchers. $7.85@9.50; good heavy,
$8.30(89.05; rough heavy. $7.70@8.25;
light. $8.6009.50; pigs. $5.15(89.20: bulk,
$8.2008.85.
Cattle—Receipts 6,000. Market 10c
lower. Beeves. $70 9.10: cows and heif
ers. $3.2508.30; Stockers and feeders,
?5.75(8i7.85: Texans, $6.50(88.00; calves,
$10.00(811.75.
Sheep—Receipts 50.000 Market 10c
lower. Native and Western, $3.0004.60;
lambs, $5.5007.60.
fair over the Atlantic, cloudy over rest
of the belt. Fine general rains in West-
ern and Central States Drouth and
heat spell effectively broken, except In
limited localities. Little precipitation
occurred over night. East of Louisiana
weather very favorable and Indications
are for further rains in the Western
States Arkansas, Louisiana and west
ern Mississippi. Partly cloudy to fair
in Alabama and Atlantic States.
The Chicago Inter Ocean says: “Sen-
j timent in w'heat favors the bull side, but
there are a number of big local profes
sionals who think that there should be
a break while the Northwest move is on.
Sentiment in corn continues bullish and
the general impression is that so long as
the largest holders who have taken the
| surplus off the market do no selling, it
: will be difficult to maintain any serious
decline. A Government report will be
J given to the trade at 1:15 p. m. to-day.
It is expected to be bullish on corn,
bearish on wheat and rather bullish on
I oats.
"Corn condition Is expected to be be,-
tween 64 and 65 per cent. A condition
of 65 per cent would show 2,340.000.000-
bushel crop indicated. Last month's
condition was 65.8 per cent and last
year's 82.1 per cent. The estimated yield
was 2.673,000,000 bushels, and a vear
ago it was 2.995.000.000. The final har
vest was 3.125,000.000 last year. A yield
; around 240,000.000 spring wheat is ex-
; pected, against 233.000.000 last month,
j 300.000,000 last year, and a final of 330,-
1 000.00ft. This, with which the 511.000.000
J of winter would make 751.000.000 bushels
I of all wheat, against T44.000,000 a month
ago. 690.000,000 a year ago, and a final
of 73(1000.000.
"A yield of over 1.000,000,000 bushels
oats is expected. La«t month it was
1,028,000,000 bushels, indicated vield; a
I year ago. 1.290.000.000 bushels, and the
final harvest was 1.418.000,000."
• • •
; Storks of grain In public and private
! elevators in Chicago for week ending
1 Monday, September 8:
Wheat. 10.113.000 bushels, against 11.-
! 080.000 last week, and 4.015.000 bushels
j during the same week last year.
1 Corn, 904.000 bushels, against 522.000
last week, and 258.000 bushels last year.
! Oats, 12,905,000 bushels, against 11,-
I 893,000 last w r eek and 2.516,000 last year.
* * •
Chicago clear, 64 degrees; Terre
Haute clear. 65; rained yesterday aft
ernoon; Springfield clear, 65; light rain
yesterday afternoon; Peoria clear, 58;
Kansas City cloudy, 68; light shower
this morning; Omaha clear, 65: St. Louis
cloudy, 70f Minneapolis cloudy, 51 de
grees.
• • •
Bartlett, Frazier Co. says: "Wheat—
Offerings of winter wheat from first
hands continue light, hence there is lit
tle or no hedging pressure on the mar
ket. Undertone is steady and we look
for gradually higher prices.
"Corn: As prices advance offerings
seem to become lighter and the out
standing short interest must be enor
mous.
"Oats: We look for a steady market.
"Provisions: Packers continue to buy
the near deliveries and the investment
demand for the deferred futures Is
good.”'
• * *
B. W. Snow says: "An understand
ing of the difference between the drouth
of this year and those of other seasons
is essential to a realization of the seri
ousness of the present situation. In
1901 and.H.911 the drouth and continued
high temperature was confined to June
and July, elief both in shape of mois
ture and lower temperatures coming in
1901 about August 11 and in 1911 around
August 15. This year we are approach
ing the middle of September without
general relief. So far as the volume of
I the corn crop Is concerned, it was. fixed
by weather conditions prevailing be
tween July 10 and August 10 and heat
and drouth since then has simply de
stroyed the weed and reduced the qual
ity of the corn.”
LIVERPOOL GRAIN MARKET.
LIVERPOOL, Sept. 8.—Wheat opened
4d to *Ad higher At 1:30 p. m. the
! market was %d to %d higher. Closed
1 unchanged to %d higher.
Corn opened ‘/id higher. At 1:30 p. m.
the market was %d higher. Closed %d
to %d higher.
Paris. Texas, wires: "Beneficial rains !
occurred at Hope. Ark., Honey Grove
and Clarkesville. Texas, and other points i
in this section."
* * *
Rainfall: Greenwood, Miss., 1.40; Hoi- j
ly Springs, 1.20; Livingston. Ala.. 1.30; |
Balesvllle. Ark., 1.20; Bartlettsvllle,
Okla.. 2.30; Beaver. Okla., 1 inch:
Chandler. Okla . 1.20; Holdenvllle. 1.90;
McAlester. 2 inches; Alice. .20; Auton,
.04; Beeville. .64; Brownsville. .06; Ama
rillo. .44; Dallas, .02: Galveston. .24;
Haskell, A2; Henrietta. .22; Houston. |
.52; Lampassas. .02: Nacogdochez, .10; '
San Antonio, 2.46; Temple. .14.
"Crop news is good and consumption
is large and it looks like we are in a
bull market." remarked J. M. 'Anderson
of N, L. Carpenter & Co.
* * *
Rains: Amarillo. .34; Oklahoma City,
.98; San Antonio. 2.48; Corpus Christi.
raining; Galveston, raining. 24; Shreve
port, .06; Fort Smith. .16; Little Rock,
1.10; Memphis. .26; New Orleans 2 08;
Knoxville, .01; Wilmington. .10; Del Rio
Texas, .24; Houston, .52; Jackson,
Miss, .12.
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
ATLANTA LIVE STOCK MARKET.
(By W. H. White, Jr., of the White Pro
vision Company.)
Good to choice steers, 1,000 to 1,200
pounds. $5.50(8-6.50; good steers. 800 to
1,000 pounds. $5.25(8 6.00; medium to
good steers, 700 to 850 pounds, $4.75@
5-. 25.
Good to choice beef cows. 800 to 900
pounds, $4.50(«5.50; medium to good
cows, 700 to 800 pounds, $3.75(84.75.
Good to choice heifers, 760 to 850
pounds, $4.50(5 5.50: medium to good
heifers. 650 to 750 pounds, $3.7584.25.
The above represents ruling prices of
good quality of beeg cattle Inferior
grades and dairy types selling lower.
Medium to common steers, if fat, 800
to 900 pounds, $4.25(85.00; medium to
common cows, if fat, 700 to 800 pounds,
$3.50(q4.25; mixed common. 600 to 800
pounds, $2.7503.75; good butcher bulls,
$3.25-84.00.
Prime hogs, 160 to 20 Opounds, $8.35@
8.75; good butcher hogs, 140 to 160
pounds. $8.25(88.35; good butcher pigs,
100 to 140 pounds. $8.00(88.26; light pigs,
80 to 100 pounds, $7 50ft8.00; heavy
rough and mixed hogs. $7.00(88.00.
Above quotations apply to corn fed
hogs; maHt and peanut fattened lc to
l%c under.
A liberal run cf medium grade cattle
in yards this week and the market
held rather steady to a fraction lower
on the better kinds, while plain and
inferior grades sold off from 15c to 30c
per hundred.
LOWRY NATIONAL BANK
Capital $1,000,000
Surplus $1,000,000
Savings Department Safe Deposit Boxes
The Tale of
A Gold
Plated People
is stranger than that of the fabled
El Dorado. It deals with a wonderful
vanished race whose ruins have been
discovered in South America by Pro
fessor Saville, the distinguished arch
aeologist of Columbia University, and
will be told in
NEXT
SUNDAY’S
■t—WMBflTH II 11
AMERICAN
This alluring discussion, combined
with the regular features—sporting,
cable, financial, theatrical, society and
news of the modern world in general—
will go to make up an
EIGHTEEN
CARAT
NEWSPAPER
which can not be duplicated at any
price. And it is delivered at every
door in Dixie for five cents. There are
dozens of features in it that are each
worth twice the money. There’s a
striking color page concerning
The Most Forgetful
Beauty in Europe
and a fashion article by Lady Duff
Gordon on
Autumn Oddities
From Paris
Moreover Madame Lina Cavalieri
will answer beauty questions; so what
more could a woman want. The wise
reader orders early from the dealer or
by phoning' Main 100.
Enthusiasm IsRunningHigh
In Pedalmobile Contest
‘‘Gee, ain’t it a peach! Couldn*t)T.ST>§(*d some if I had one of
them! How many are you going to give . ray, Misteri” These
are some of the remarks to be heard aVoir(; a l The Georgian Office
where the big red “Georgian Flyer” ju> exhibition—the one
just like The Hearst’s Sunday Airienc«fi arM Atlanta Georgian
will give to each boy and girl who^ secuye.a noi
xir 1.
>rty new subscrip-
give to earn boy ana girl
tions to the paper before Octobd-r 1-. I { )
There are many earnest workers arid 'the subscriptions are
coming fast. It would only be a w^ld gue^s now to say who will
’ win the first fifteen cars and receive, the Charter Membership
Certificates to the Atlanta Pedal mobile 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 be 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. be confined to pleasure
alone, but can be put to good use in many different ways. In
sometuties carrier boys 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 t
girl who is fortunate enough to win one.
These cars are now on exhibition in the window of O. CL /
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
Atlanta Georgian.
20 East Alabama 8t., Atlanta, Ga.
I am interested in your free Pedalmobile offer and am determined to win
one if my application is accepted. Please send blanks and full particulars.
Name - — —
Street ■»»■«*
City ••
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