Newspaper Page Text
TTTTC ATT A ITT A GEORGIAN AND NEWS.
17
STEADIES COTTON
Texas Rains and Low Cables Are
Cause of Early Dip—Spot
Houses Buy.
Nr/vV YORK, Sept. 12.—Weak cables
md a let-up in the demand from the
iplnnera caused the cotton market to
8pen weak to-day and first prices were
►t a net decline of 7 to 16 points from
Thursday’s final. There was consider
able hedge selling in Liverpool. There
*&s also a tendency In some quarters
to Increase the crop estimate, owing
to the rains over the Texas belt. After
prices had sold some 3 to 6 points higher
than the opening quotations the de
fine was widened 17 to 21 points
through a general liquidation movement
led by the ring and brokers acting ap
parently for Wall Street. There was
llso considerable realizing sales
Habersham King’s latest circular as
to the condition of the crop since the
last census repbrt was considered very
favorable, which, of course, had Its usual
i mpressing effect on the market. In
addition to this the weather map shows
avorable conditions over night with In
dications pointing to further rains in
lieede sections. Good rains fell over
the entire tfkouth stricken area and in
tome sections complaints are current
»f too much moisture and doing dam
age to the gr*iue.
After thq call the list steadied through
ictive buyi Tg by spot houses and shorts
who took advantage of the early low
ievel, resulting in prices climbing back
to the openirg range.
On the bulge the market found good
lupport from brokers who usually rep
resent spinners and the largest spot
interests. This, with the expectation
pf a bullish week-end statement, had a
Stimulating effect and prices gradually
retrieved the Initial decline and had
the appearance of climbing the latter
*till higher before the close. However,
wntlment continues bearish on the be
lief that the Southwestern rains will
ncrease the yield In that section and
fear that the actual will be of heavy
ivelght soon.
Meanwhile the market is subject to
lews from Washington relating to the
Dotton tax bill and anything favorable
ar unfavorable would in all probability
Pause quick changes. News from the
White House to-day is practically nil.
GAST ADD COTTON LEAD
Report of storms In Texas was circu
lated during the afteronon session to
effect the market was proven absolutely
baseless by a New Orleans weather ex
pert, saying that there was no storm
west, only a strong, cool wave causing
further general rains. The results of
(he report, however, sent October to
18.02; December 12.92, and January to
12.82. Later, however, prices dropped
lharply and the close was steady with
prioee net unchanged to 4 points lower
than the closing quotations of Thurs-
fiay.
Following are 11 a. m. bids In New
Fork: October, 12.82; December, 12.72;
January. 12.62; March, 12.71.
Following are 10 a. m. bids In New
Orleans: October, 12.62; December,
Lt.78; January, 12.^6: March. 12.86.
Batlmated cotton receipts:
Saturday. 1912.
Pfew Orleans .. 1.800 to 2.100 395
Oalveston 22,500 to 24.500 18,751
RANGE IN New YORK FUTURES
COTTON GOSSIP
i
l
i
*
o
n re
it
«•
2
>%
• c
\ °
X
J
Juf)
o
0-0
12.89<12.88'12.
12.8513.02 12.
12.80! 12.92112.
12.67 12.00 12.
12.74 12.91112.
112.73 12.73,12.
S12.81112.96 12.
112.80112.84 12.
y '12.84 12.95 12.
Closed steady.
85'! 2.80112.98
77 12.9612.96-
4.1 ... . (12.88-
67112.88 12.88-
00 12.78 12.77
. . 12.78-
68 12.88 12.87-
73112.731
75'12 93 12 92-
80:12.84 ! 12!94-
80 12.00 12.94-
12.96-97 ,
97 12.97-98 1
90 12.88-90
89 12.89-90
■78 12.79-80
80 12.80-83 I
89|12.89-90 *
93 12.95-96 !
96 12.97-99
96,12.98-99
HAYWARD & CLARK’S
DAILY COTTON LETTER.
NEW ORLEANS, Sept. 12.—Texas and
klahoma papers are jubilant over the
eneral rainfall, and there are already
iany reports of an improved crop out-
>ok. While the grade is injured in
■laces the cotton is not lost some re-
orts of blooms, plant recuperating. an<i
r.ith an open fall, considerable increase
n yield expected. The weather map
Ihows cloudy and general rains in the
f/estern half of the belt, generally fair
»nd no rain In the eastern half. Indica
tions are for clearing and cooler
veather In the northwestern quarter.
•\jrther rains In the southern half of
’exas and rains likely to move on the
>outh Central States and Alabama over
he week-end. Increasing cloudiness in
he Atlantics. It will become consider-
bly cooler over the northern half of
he belt, but not injuriously so. and the
tool spell will be of short duration.
Liverpool shows distinct weakness
with futures about seven points lower
than due, spots 12 points down; sales,
1,000.
First trades here were at a decline
ft about 10 points, followed by further
weakness, December selling to 12.67 in
jhe first hour. The market depends on
;he support of the leaders, otherwise. It
b Inclined to liquidation on better crop
jews from the West; Increasing weight
ft crop slack spot demand and techni
cal conditions. More hopeful news from
Washington would at all
til
times have
stimulating effect.
NEW ORLEANS COTTON.
0.0
?P-
)C.
12.64
12.84
'....j....
12.59 12.81
<0.
">c.
12.78
12.94
12.69 12.92!
a.
12.80
12.97
12 73 12.95
<b.
Ir.
12 91
18.08
12.84'13.06
■fy.
13.00
13.16
12.95 13.16,
X12.76 12 73
osed barely steady.
LIVERPOOL COTTON MARKET.
LIVERPOOL, Sept. 12.—Due 3% to
1% points lower, this market opened
steady 8 to 9 points lower. At 12:15
y. m., the market was quiet 7 to 9%
joints lower. I^ater the market declined
l% points from 12:15 p. m.
Spot cotton 12 points lower; middling
f59d; sales 8,000 bales, including 7,200
\merican.
At the close the market was easy with
irices at a net decline of 12% to 15%
•olnts from the final quotations of
| hursday.
Futures opened quiet and steady.
September
ept.-Oct.
ct.-Nov.
<ov. -Dec.
»ec. -Jan.
ian. -Feb.
• eb.-Mar.
ar.-April
pril-May.
ay-June.
ine-July.
* luly-Aug.
Closed easy
Opening
Prey.
Range. 2
5 P M.
Close.
Close.
. . 7.05
7.04
6.99%
7.13%
. 6.93
6.91%
6.86%
7.02
. %-87
6.85%
6.81
6.96
. 6.82
6.79
6.74%
6.89%
. 6.81%
6.79 .
6.74%
6.89%
. 6.82
6.79%
6,75%
6.90
. 6.82
6.80
6.76%
6.90%
, . 6.83
6.81
6.77%
6.91%
, • ...
6.82%
6.77%
6.91%
, . 6.83%
6.81
6.78
6.91%
6.80
6.76%
6.89%
* 6.8i
6.79
6.75
6.87%
MONEY EXCHANGE.
W YORK. Sept. 12 —Money on call,
o 3 per cent. Time money un
fed; sixty days, 4 to 4% per cent:
V days 4% to 4% per cent; six
hs 5 per cent.
ted rates: Sterling exchange. 4.83
16%, with actual business in bank-
5ills at 4.8570 to 4.8575 for demand
.8240 to 4.8250 for sixty-day bills.
me mercantile paper unchanged.
NEW YORK, Sept. 12 —J. M. Ander
son: "Liverpool was disappointing to
the bullish element. The decline, It Is
said, was based on hedge selling and
American longs hedging their contracts
in the English market. Cables also said
the trade was falling off. This, with
the rains in the Western belt, had a de
pressing effect, and brought out sell
ing by the ring speculator and scattered
liquidation. On the decline, however,
the market found support from brokers
who undoubtedly represent some of the
large spot Interests, shorts and spin
ners.”
* • •
New York Financial Bureau: "We be
lieve in seeking buying opportunities on
recessions, cotton should be bought on
declines.”
• • •
The market sold off yesterday In the
afternoon and on constant selling by
Schill, Wilson & Geer. The ring
crowd was against the market and the
selling was rather general with little
or no support until just before the close.
Weld, Mitchell & McFadden were prom
inent on the buying side In the late
trading, checking the .decline and caus
ing a few points rally
• * *
Sentiment is somewhat mixed, but
the majority is advocating lower prices
for the moment.
* * •
Just before the close yesterday Rlor-
dan attracted considerable attention by
bidding under the market for 10,000
bale lots.
* • •
Thursday’s market was less active
than at any time since the bull move
ment got started and some are pre
dicting a quieter market, pending de
velopments at Washington. A wire from
Hlbbs at Washington stated that Un
derwood thought the bill would be in
conference two or three weeks.
• • •
The stock in cotton In the New York
warehouse ie only 6,000 bales. This has
much to do with the steadiness of prices.
On the other hand. Augusta and Sa
vannah wire that they will be shipping
cotton to New York soon, if the foreign
demand does not pick up. English and
continental cables continue to report the
slacking of trade and New Orleans wires
that freights are weak.
• * *
The New York Herald says: "Infor
mation regarding conferences among the
Democrats of the House and Senate
indicate that strong pressure will be
brought to bear to modify the Clarke
amendment. The modified amendment
offered by Senator Smith is understood
to have the approval of the Department
of Agriculture."
• * •
Liverpool cables: "The market de
clined on free offering of actual selling
orders from America.’’
• • •
Dallas wires: "Texas and Oklahoma
had general rains over both states; it is
still cloudy and threatening.’’
* * *
Under the circumstances a tempo
rary decline in the cotton oil market
may be expected when it should be a
purchase.—N. L. Carpenter & Co.
* * *
NEW ORLEANS, Sept. 12.—Hayward
& Clark: "The weather map shows a
very favorable condition; splendid gen
eral rains, particularly in North and
West Texas; cloudy in the western half;
generally fair and no rain In the eastern
half. Indications are for clearing and
cooler weather in Oklahoma In North
Texas further rains; in Central and
South Texas rains are moving eastward
on Central states. Mississippi and west
ern Alabama. Generally fair in the At
lantics.’’
• * •
Rainfall: Amarillo, .52; Oklahoma
City, 1.04: Abilene, raining, 1.24; Fort
Worth, raining, 2.26; Taylor. .18; San
Antonio, .24; Corpus Christi. 1.64; Gal
veston, raining, 2.72; Palestine, raining.
.06; Shreveport. J02; Fort Smith, .14;
Little Rock. .04; New Orleans, .16; Jack
sonville. .04; Del Rio, .08.
* * •
The Inter-State Trust and Banking
Company, of New Orleans, estimates the
cotton crop for this season at 14,343 000
bales, without linters or repacks. The
report by States follow's: Arkansas-
900.000; Alabama, 1.500,0 r '0; Florida, 68.-
000; Georgia. 2,250 000; Oklahoma, 876,-
000: Louisiana, 500.000; Mississippi,
1.225.000; North Carolina, 950,000; South
Carolina, 1,500 000: Tennessee, 475,000;
Texas, 4,100,000 bales.
• • *
The New Orleans Times-Democrat
says. "The cotton market Is flounder
ing in a sea of doubt and apprehension
pending the arrival of final news from
Washington as to the attitude of the
conference committee on the Clarke tax
rider.
"Trading is in very small volume. De
mand for the actual for September de
livery is not large enough to keep spot
owners from worrying. However, high
price men are telling the world that
while the drouth ruined the staple, the
heavy and continued rains are ruining
the grade of the crop in the West. On
the other hand, low price people have
gained much courage froi.i their be
lief that the rains will start the Western
plant growing again, and mat a top crop
of importance is now probable.
"It is a fact that the private report*
coming from Oklahoma indicate a
larger crop promise in that State than
was Indicated by the Government’s con
dition figure of 45 per cent of normal
as of August 25. In so far as Texas
Is concerned most people believe the
yielr there will be u large one In spite
of the recent drouth. Long ago the
trade reached the conclusion that the
out-turn In the Atlantic States will be
very large and recent weather has not
Impaired the promise.’’
• * •
Mitchell, Schill and Wilson were heavy
sellers to-day.
• * •
Habersham King’s latest report says:
‘To September 7 there have been no
changes of consequence since the last
Bureau report. The drouth setions of
Texas and. Oklahoma are in my opinion
beyond deterioration or Improvement,
while the rest of the belt is making very
favorable progress. Moderate rains, if
not continued long enough to damage
grade, would be of- advantage In filling
out bolls, outside of what chances there
might be for a second growth in the
southern half of Texas. Since the date
of this report, the dry sections of Ar
kansas, Tennessee and North Mississippi
have been favorably relieved ”
• • •
The Texas Government Weather Bu
reau says rainfall average for the State
for the month of August was 1.26
inches below normal. It says out of 203
reporting stations, 14 showed no rain
fall and 11 only a trace
• * *
Rainfall in Texas: Amarillo, .52; Abi
lene, 1.24; Austin, .06; Alice, 1.04; Bal
linger, .60; Brenham, .98; Clarendon, .10;
Columbus, 1.98; Corpus Christi, 1.64;
Corsicana. .40; Cuero, .30; Dallas, .48;
Dublin. .50; Fort Worth, 2.26: Galves
ton, 2.72; Greenville. .40; Haskell, .42;
Henrietta, .20; Hondo, .74; Huntsville,
.12; Kerrville, .32; Koppert, .34; Long
view, .56; Luling, .20; Nacogdoches, 1.28;
Palestine, .06; Paris, .46; Pierce, .98;
Quanah, 1.34: San Antonio, .24; San
Marcos, .32; Sherman, 1.26; Taylor, .18;
Temple. 1.50; Valley John, 2.00; Waco,
4.80; Waxahachie, .30; Weatherford,
1.04; Dardanelle, Ark., 1.30; Pine Bluff,
1.40; Alva Oklal, .40; Tulsa, 1.40; Ard
more, 1.00; McAlester, 1.00; Marlow, 1.00;
Bartlettsvllle, 2.40; Chickasha, 2.80; Hol-
denville, 2.70; Muskogee, 1.20; Shawnee,
1.30; Lawton, 3.70; Amitel, .76.
• * *
In a booklet Just off the press bear
ing the title "Statistical History of the
American Cotton Crop." James J. Lea, a
New 7 Orleans statistician, presents a suc
cinct and comprehensive statement cov
ering all salient points in connection
with the production and absorption of
the American cotton crop during the
past forty years, as long a period as is
covered by well-authenticated records.
Henry G. Hester, the wor’d's accepted
authority upon such matters, assisted
Mr. Lea.
MET ADVANCE
IS HEADED BYU.P.
Rumor That Standard Oil People
Are Back of Market Results
in Bull Raid at Close.
By CHARLES W. STORM.
NEW YORK. Sept. 12.—Union Pacific
led & substantial upturn at the opening
of the stock market to-day, advancing
1% on the first few sales. Another
prominent stock was Canadian Pacific,
which, after opening at 225 for a gain
of %, advanced still further. Increasing
its net advance to 1%.
Some traders professed to see evi
dences of accumulation which is gradu
ally decreasing the floating supply.
They argue that astute buyers ara look
ing fo the future for a better market,
now that the tariff Is about out of the
way, peace prevails In Europe and rela
tions with Mexico seem growing bet
ter.
A good deal of Importance was at
tached to the advance In London of
Southern Pacific, which was followed
here by a gain of %.
Among the other stocks which made
advances were: Amalgamated Copper,
Utah Copper, %; United States Steel
common, %; Southern Pacific Transfer
Certificates, %; Southern Pacific, %;
Ray Consolidated Copper, %; Reading,
%; People's Gas, %; New York Central,
%; General Electric, %; St. Paul. %;
Baltimore and Ohio, %; Brooklyn Rapid
Transit, %.
Pennsylvania Railroad declined % and
fractional declines also were sustained
by Northern Pacific and United States
Rubber common.
The curb was steady. Americans in
London were narrow and subject to
professional trading
Union Pacific continued to maintain
its position as leader and the price of
that stock rose 2% to 156%. There was
an extra demand for Southern Pacific
at 94, against 92%. Canadian Pacific
also continued its upward movement,
selling at a gain of 1%. Reading was
up 1%. Advances of one or more points
were made in Copped, Steel and Smelt
er. Call money loaned at 2%.
Speculative sentiment in the last
hour centered in Union Pacific. This
stock, which was the most active on the
list, sold around 158% for a gain of 2%
since noon and a net advance of 4%
on the day. The buying orders came
from a variety of sources and helped to
sustain the strength of.Southern Pacific,
which ruled above 94 for a gain of 1%
on the day. Canadian Pacific was an
other strong feature, ruling around 225%,
which was a point above the noon price.
Amalgamated Copper and American Can
were in demand. The tone was strong.
There was considerable covering of
shorts.
The market closed strong.
Government bonds unchanged. Other
bonds firm.
NEW YORK STOCK MARKET.
MINING STOCKS.
BOSTON, Sept. 12.—Opening: Arizo
na Commercial, 4%; Butte Superior,
34%: Calumet Arizona, 67; Swift. 104%;
Alaska, 20,
Stock quotations:
STOCK- High.
Low.
Clos.
Bid.
Prev.
Close.
Amal. Copper.
73 H
77%
78%
77%
Am. Agricul..
48
46%
Am. Beet Sug
2976
29
29%
29
American Can
35 V,
35
35%
34%
do, pref. . .
9774
97%
97%
9-%
Am. Car Fdy.
47%
47%
47
47%
Am. Cot. Oil...
44%
44
44
44
American Ice
24%
24%
24%
23%
Am. Locomo..
86
36%
36
35
Am. Smelting
69%
63%
69%
67%
Am. Sug. Ref.
114%
118%
114
112%
Am. T.-T
130%
130%
130-%
130%
Am. Woolen..
17%
17%
Anaconda .....
39%
89%
38%
38%
Atchison ....
96%
95%
96%
96%
A. C. U
122
122
122
120%
B. and O
96%
96
96%
95%
Beth. Steel...
36%
36
36%
36
B. R. T. ......
89%
89%
89%
88 %
Can. Paciflo.-.
227%
224%
222%
224
Cen. Leather.
24%
24%
24
24
C. and O
60
68%
59%
58%
Colo. F. and L
34
32%
33
32%
Colo. Southern
29
29
Consol. Gas..
133%
133
132%
132%
Corn Products
11%
lit#
11%
11%
D. and H
....
....
160
168
Den. and R. G.
....
....
19%
19
Distil. Secur..
12%
12%
Erie
29%
29%
29%
28%
do. pref. ..
47
47
47%
46
Gen. Electric. 147
G. North, pfd. 128
G. North Ore. 35%
G. Western
Ill. Central... Ill
Interboro .... 16%
do, pref. .. 63%
Int. Harv (old) ....
rowa Central
K. C. S
M., K. and T.
145%
127%
35
110%
16
62%
22% 22%
do. pfd.. . .
L. Valley. . .
•156%
155
L. and N. . .
138
136%
Mo. Pacific .
30%
30
N. Y. Central
98%
96%
Northwest. . .
....
xN&t. Lead. ,|
....
N. and W. . .
105%
105%
No. Pacific .
113%
112%
O. and W. . .
297%
297%
Penna
113%
112%
Paciflo Mall .
P. Gas Co. . .
125%
124%
P. Steel Car .
29
28%
Reading . . .
163%
161%
R. L and Steel
25
24%
do. pfd.. . .
90
90
Rock Island .
17%
17%
do. pfd.. . .
27%
27%
S.-Sheffield.
So. Pacific .
Sb. Railway
94%
24%
93
24%
146%
127%
35%
13%
110%
16%
63%
108%
25%
22%
57%
155%
137
30%
97%
128%
46%
105%
113%
. 29%
113%
125
28%
163%
17%
27%
34
94
24%
145
127%
33%
13
109
35%
62%
108
7
25%
22%
57
154%
136%
29%
96
128
46%
105%
29%
112%
21
124%
28
161%
24
89
17
27%
32
92%
24%
do. pfd.. . .
79%
78%
St. Paul . . .
107"
106%
106%
106
Tenn. Copper.
33%
33%
33%
33%
Texas Pacific.
16
15
Third Avenue
40%
38%
Union Pacific
159%
154%
159%
164
U. 8 Rubber.
' 64
62%
63
62%
U. 8. Steel . .
66
63%
64.%
63%
do. pfd.. . .
109%
109%
109%
109%
Utah Copper .
56%
55%
66
55%
V.-C. Chem. .
34%
33%
33%
31%
Wabash . . .
4%
4%
do. pfd.. . .
1.2%
11%
W. Union . .
69"
68“
67%
67
W. Maryland.
40
39 \
W Electric .
73%
/ 72%
73%
72%
W'. Central. .
49%
49
NEW YORK COFFEE MARKET.
| Opening.
Closing
January
February
March. . • . • .
April
May. ......
June • • • • • •
July
August
September. . • .
October
November. . . .
December. . . .
8.74(§8.77
8&4@8.86
8 94
8.95(89.00
9.05® 9.07
9.10^9.15
9.15
9.17
8.45
8.55
8.66
8.73®8.7f>
8.80® 8.85
8.92® 8.94
8.99®9.00
9.05® 9.06
9.11®9.13
9.17(89.18
9.17®9.18
8.48® 8.50
8.48® 8.50
8.65® 8.67
8.65® 8.66
Closed steady.
Sales, 67,250 bags.
COTTON SEED OIL.
Opening
Closing.
Spot
September . • ,
October ....
November ....
December. • . .
January . . . .
February . . .
March ....
April ....
7.75® 7.79
7.44® 7.45
6.90® 6.91
6.90@6.92
6.89® 6.90
6.90(86.93
7.03® 7.04
7.06® 7.12
7.66@8 02
7.81 ® 7.90
7.43(87.45
6.90®6.91
6.90® 6.92
6.90(86.92
6.93(86.95
7.05(87.07
■ a 7.16
Closed heavy; sales, 21.400 barrels.
Spinners' Taking for
Week 181,000 Bales
According to Secretary Hester, of the
New Orleans Cotton Exchange, the vis
ible supply of American cotton during
the past week shows an increase of
114,965 bales, as compared with an In
crease of 86,832 bales for the corre
sponding week last year and an in
crease of 168,977 bales for the same
week the year before. Other kinds dur
ing the week shows a decrease of 22,000
bales, against an Increase of 14,000 bales
last year and an increase of 42,000 bales
in 1911.
The total visible supply of American
cotton Increased 92,96b bales, as com
pared with an increase of 99,332 bales,
against an Increase of 126,977 bales the
year before.
World’s visible supply:
I m3 | 1912 ! 1911
American . ...II,198,23611,446,654 1.011.944
Other kinds... 963,000! 812,000 686.000
To., all kinds. 12.146,235 2.258.55411,697.944
World's spinners’ takings:
1918 |
1912
1911
For week...
Since Sept. 1.
181,000'
317,000'
154.000
281*000
200,000
200.000
Movement into sight.
week:
1913 |
1912
1911
(Verland, w’k.
Slnoe Sept. 1.
In. sight, w’k
Sinee Sept. 1..
So. consump...
2,730]
454.851
296.828
434.851
45.000!
1.504
2,128
540,413
376.700
40,000
271.962
411,955
35.000
Weekly Interior movement:
1913 1
1912
1911
Receipts
Shipments ...
Stocks
172.023!
138,794'
155,3031
155,244
133,658
162,728
185,977
158.775
140.971
Weekly exports:
For week.... |
Since Sept. 1..
1 1913
96.9541
191* T
“6l”s89|
1911
229.4011 128.0811.
Wool Trade Discounts
Effect of Tariff Bill
BOSTON, Sept. 12.—The local wool
trade shows only mild interest in the
passage of the new tariff bill by th$
Senate. It is felt that most of the pos
sible effect of the bill has already
been discounted, though it Is admitted
that a failure finally to fix the date
for Schedule K in accordance with thf
6enate provisions would work some
hardship. Total sales of wool the past
week are estimated at somewhat more
than 3,000,000 pounds. Prices are not
materially changed. Territory wools
have been fairly active, but fleeces and
foreign wools are quiet.
Receipts in pounds for the week end
ed and including Wednesday were as
follows:
1918. 1912.
Domestic 5,602.350 8,437,977
Foreign 2,012,516 2,117,050
Totals 7.614.866 10.555,027
Total receipts of 7,614,866 pounds,
compared with 7,115,454 the preceding
week, of which 6,933,808 were domestic.
Receipts in pounds from and including
January 1, 1913, as compared with the
corresponding period in 1912, were as
follows:
1913. 1912.
Domestic 129,127 779 197,987,871
Foreign 48,170,068 100,761,463
Totals 177,297,847 298,749,334
PORT RECEIPTS.
The following table shows receipts at
the ports to-day compared with the
same day last year:
New Orleans .
Galveston. . . .
Mobile
Savannah. . . .
Charleston . .
Wi mlngton . .
Norfolk. . . . ,
Baltimore. .
Boston. . . . ,
Brunswick . .
Newport News
Various. . . .
Total.
1913.
. 1.763
15,748
617
9.844
2.231
736
412
509
7,034'
9,456
1912.
676
23,342
269
6,750
1,151
1,385
1,197
1,183
12
6.584
485
3,866
45,899
SPOT COTTON MARKET.
(New Crop.)
Atlanta, steady; middling 12%.
Athens, steady; middling 12%.
Macon, steady; middling 12c.
New Orleans, steady; middling
12 13-16.
New York, quiet; middling 13.15.
Philadelphia, quiet; middling 13.40.
Boston, quiet; middling 13.15.
Liverpool, easier; middling 7.39d.
Savannah, steady; middling 12%.
Augusta, steady; middling 12 13-16.
Charleston, steady; middling 12%.
Norfolk, steady; middling 12%.
Galveston, firm; middling 12%.
Mobile, steady; middling 12%.
Wilmington, quiet; middling 12%.
Little Rock, steady; middling 12%.
Baltimore, nominal; middling 13%.
SL Louis, steady; middling 12%.
Memphis, steady; middling 12%.
Houston, steady; middling 12%
Louisville, firm; middling 12%.
Charlotte, steady; middling 12c.
Greenville, steady; middling 12c.
THE WEATHER.
Conditions.
WASHINGTON, Sept. 12.—The weath
er will be unsettled in New England and
the Middle Atlantic and Gulf States,
with showers to-night or Saturday,
while in the South Atlantic States the
weather will be fair. In the lower
Lake region and the Ohio Valley the
wiather will be more or less unsettled,
but probably with little or no rain, while
in the uper Lake region the weather
will be fair. It will be warmer to
night in the Atlantic States and some
what cooler in the Ohio Valley and the
Lake region.
There are some slight indications of
the presence of a tropical disturbance
south of Porto Rico and special reports
have been requested.
General Forecast
Forecast until 7 p m. Saturday:
Georgia—Fair to-night and Saturday
Virginia—Showers to-night or Satur
day; slightly warmer to-night.
North Carolina—Fair, except showers
in extreme west portion to-night or Sat
urday; warmer in the interior.
South Carolina^-Fair to-night and Sat
urday; warmer to-night in the interior.
Florida—Fair in western portion; lo
cal showers in east and extreme south
eastern portions to-nfght or Saturday.
Alabama and Mississippi—Local show
ers to-night or Saturday.
Tennessee—Occasional showers to
night and Saturday; slightly cooler to
night in the northwest portion.
Ijoulsiana—Rain to-night and Satur
day, except fair In northwest portion
Saturday; cooler In northwest to-night;
cooler In north portion Saturday.
East Texas—Rain and cooler in Inte
rior to-night; Saturday showers In east
portion; fair in west portion except
showers on coast.
West Texas—Fair to-night and Satur
day, except showers in interior; cooler
to-night in southeast portion.
NEW YORK PRODUCE
NEW YORK, Sept. 12.— Petroleum
firm; crude Pennsylvania, 2.50.
Turpentine easier, 41%(§42.
Rosin steady; common, 4.20 (bid).
Wool dull; domestic fleece, 24®26;
pulled, scoured basis, 38®50; Texas,
scoured basis, 46®53.
Hides inactive; native steers, 18%®
19%: branded steers, 17%®17%.
Coffee steady; options opened 1 lower
to 1 higher; Rio No. 7 on spot, 9%
(asked).
Rice steady; domestic, ordinary to
prime, 4®5%.
Molasses steady; New Orleans, open
kettle, 34®55.
Sugar, raw, steady; centrifugal, S.76
(bid); muscovado, 8.28 (bid); molasses
sugar, 3.01 (bid).
Sugar, refined, steady; fine granu
lated. 4.60&4.80; mold A, 5.15 (bid);
cubes, 4.85@5.0o; powdered, 4.70® 4.90;
diamond A, 4.80 (bid); confectioners’ A,
4.65 (bid); softs, No. 1, 4.55. (No. 2 is
5 points lower than No. 1, and Nos. 3 to
14 are each 5 points tower than the pre
ceding grade.)
Com Failed to Get Much Above
Previous Day's Close Despite
the Bulge in Wheat.
8T. LOUIS CASH QUOTATIONS.
Wheat-No. 2 red 94% @95
Com—No, 2 75%
Data—No. 2 43
CHICAGO, Kept. 12.—An excellent de
mand for cash wheat with sales of about
300,000 bushels here and a good export
business in the Northwest caused a
firmer feeling to prevail In the wheat
market during the last half of the ses
sion and the finish, while at a good re
action from the top, showed net gains
of % to % cent.
Corn failed to get much above the
previous day’s finish, despite the bulge
in whlat. Cash demand was fair and
shipping Sales 225 009 bushels. Oats
showed fair strength and closed % cent
lower to % cent higher.
Provisions had a narrow range.
CHICAGO GRAIN MARKET.
Grain quotation*:
High. Low.
Close. Close.
WHEAT—
Sept 88
88%
90%
87%
87%
Dec 91%
90%
90%
May 96
95
95%
95%
CORN-
Kept 75%
75
75%
75%
Dec 72%
71%
73%
72%
72%
May 74 Mi
73%
73%
OATS—
Sept 43
41%
41%
41%
Deo 44H
44
44%
44%
May 47%
46%
47%
47%
PORK— •
Sept
21.25
Jan... . 19.90
19.82%
i9 87%
19.87%
May, . . . 20.07%
19.95
19.97%
20.00
LARD—
Sept.... 11.10
11.97%
11.10
11.10
Oct... 1117%
11.10
11.15
11.17%
Jan.. . 10.92%
10.87%
10.90
10.95
. RIBS—
Sept.... ll.OTH
11.00
11 02%
11.07%
Jan 11.50
11.45
11.45
11 52%
May.... 10.65
10.60
10.60
10.65
PRIMARY MOVEMENT.
WTlKAT-
Recelpts .
Shipments
I inn
. . . . ! 1,817.1
. . . , 824/
H12
000 I 1,957,000
,000 J 1,904.000
Receipts .
Shipments
953.000
477.000
796.000
683,000
CHICAGO CAR LOTS.
Following are receipts for Friday and
estimated receipts for Saturday:
T Friday. |
Saturday
Wheat
132
97
Corn
473
453
Oats
220
206
Hogs
14,000
9,000
CHICAGO CASH QUOTATIONS.
CHICAGO, Sept. 12.—Wheat. No. 2
red, 93(394; No. 3 red, 91%@92%; No. 2
hard winter, 89®90; No. 3 hard winter,
88 Vi %88%; No. 1 Northern spring, 92®
93; No. 2 Northern spring. 90®92; No. 3
spring, 88%(§89%.
Corn, No. 5, 76@76%; No. 2 white 76%
@77; No. 2 yellow, 76% @76%; No. 3,
75%@76%; No. 3 white, 76%@78%; No. 3
yellow, 76® 76%; No. 4, 76% @ 75%; ?■ o 4
white, 76%@76%; No 4 yellow, 75% ®
76%.
Oats, No. 2, 42%; No 2 white, 43%@44:
No. 3. 42; No. 3 white. 42%&43%; No 4
white, 42%@42%; standard. 43%@43%.
ST. LOUIS CASH.
ST. LOUIS. Sept. 12. —Wheat, No. 2
red, Pl%@95; No. 3 red, 91%, No. 4 red.
89® 90%; No. 2 hard, 88@92; No. 3
hard. 87.
Corn; No 2. 75%; No. 3. 76; No. 2
yejlow, 75%@76; No. 3 yellow, 75; No. 2
white, 76%@76%; No. 3 white, 75®75%.
Oats: No. 2, 43%; No. 3, 43%; No. 4,
41%@42; No. 2 white, 44%; standard.
44@-44%: No. 8 white, 43"%@44; No. 4
white, 43.
LIVERPOOL GRAIN MARKET.
LIVERPOOL, Sept. 12.—Wheat opened
unchanged to' %d lower. At 1:30 p. m.
the market wa£ %d to %d higher. Closed
%d to %d higher.
Com opened %d lower At 1:30 p. m.
the market was unchanged to %d
higher. Closed %d to %d higher.
LIVE STOCK.
CHICAGO. Sept 12.—Hogs: Receipts.
14.000; market 5c lower; mixed and !
butchers, 7.60® 9.10; good heavy. 8.05® I
8 70: rough heavy, 7.35® 7.90; light. 8.30 ,
(§9.10; pigs, 5.25<§)8.!>0; bulk, 7.95@8.40. j
Cattle: Receipts, 1,500; market steady; j
beeves, 7.25® 9.10; cows and heifers. 3.25 1
@8.30; stocke r s and feeders. 5 7o®7.75, •
Texans. 6.50® 8.00: calves. 9 50@11.25. |
Sheep: Receipts. 16.000; market
steady; native and Western, 3.00®4.60; i
lambs, 5.60@7.70.
The Chicago Inter Ocean says:
"Sentiment among grain traders last
night was mostly bearish and only a
few traders were able to see any good
on the buying side. Some, however,
said that with any further break to
day they would be inclined to buy for a
rally,* as sentiment la getting too unani
mously bearish
"Bulls who were found last night
said they thought that the selling had
been overdone, and believed that the
long side was the safe one on wheat
and corn. A good many of the oats spe
ciallsts are bearish, the talk about Ca
nadian Imports seeming to have weight
with professionals.
"The Government’s October crop re
port will he Issued Thursday, October 9
at 1:15 p m., and will give condition of
corn and the preliminary estimated yield
of spring wheat, oats and barley.”
• ♦ •
Wheat and com are in a trading area.
—New York Financial Bureau.
At the moment the coffee market
promises to show only limited fluctua
tions, pending further developments in
crop conditions, but we think further de
cline will meet with more resistance.— I
N. L. Carpenter & Co.
• * *
Chicago, clear, 63, Terre Haute, rain- •
leg, 68; Peoria, clear, 65, no rain; Spring-
field, cloudy, 66. rained; fit. I^ouis, rain
ing. 65, rained all night; Kansas City,
cloudy, 6o; Omaha, clear, 00; Mlnneapo- i
lis, clear, 55.
• • •
Bartlett, Frazier Company says:
“Wheat—We think some of yester- 1
day’s aggressive sellers will rather re
gret their action. ^
"Com—As in wheat, the aggressive
ness shown by local professionals yes
terday will probably meet with the same
results In to-day’s market, as has been
the case so frequently of late.
"Oats—We do not believe in pressing
the short side.
"Provisions—Look for a higher mar- ;
ket to-day.”
METAL MARKET.
NEW YORK, Sept. 12.—The tone was
firm at the meta’ market to-day. Cop
per. spot to November, 16%; lead, 4.65®
4.85; spelter, 6 85@>5.95: tin. 42.25@42.50.
BAR SILVER.
NEW YORK, Sept. 12.—Commercial
bar silver 60%. Mexican dollars, 46c.
London bar silver steady at 27%d.
Enthusiasm IsRunningHigh
“Gee, ain’t it a peachl 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 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
some cities 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
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
Atlanta Georgian.
20 East Alabama St., Atlanta, Ga.
I am interested in yonr free Pedalmobile offer and am determined to win
one if my application is accepted. Please send blanks and full particulars.
Name
Sti*eet .............................
City
Recommended by
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