Below is the OCR text representation for this newspapers page.

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 •• Recommended by ! * » *