Atlanta Georgian. (Atlanta, Ga.) 1912-1939, September 12, 1913, Image 17
9
A
TTTE ATT A "NT A HFOTfOTAN ATsT) \TWS
17
Texas Rains and Low Cables Are
Cause of Early Dip—Spot
Houses Buy.
NnvY YORK, Sept. 12.-—Weak cables
Mid a let-up In the demand from the
iplnners caused the cotton market to
ppen weak to-day and first prices were
^t a net decline of 7 to 15 points from
Thursday’s final. There was consider-
dble hedge selling in Liverpool. There
tvas also a tendency in some quarters
to Increase the crop estimate, owing
to the rains over the Texas belt. After
prices had fold some 8 to 6 points higher
than the opening quotations the de
cline was widened 17 to 21 points
through a general liquidation movement
led by the ring and brokers acting ap
parently foe Wall Street. There was
Uso considerable realizing sales
Habersham King’s latest circular as
|o the condition of the crop since the
last census report was considered very
favorable, which, of course, had its usual
depressing effect on the. market. In
Addition to this the weather map shows
favorable conditions over night with in
dications pointing to further rains in
neede sections. Good rains fell over
Ihe entire drouth stricken area and In
lome sections complaints are current
Df too much moisture and doing dam
age to the jerque.
After th 0 call the list steadied through
ictive buyi ig by spot houses and shorts
tyho took advantage of the early low
'ft 'el, resulting in prices climbing back
io the openlrg range.
On the bulge the market found good
support from brokers who usually rep
resent spinners and the largest spot
Interests. This, with the expectation
pf a bullish week-end statement, had a
nlmulating effect and prices graduallv
retrieved the initial decline and had
the appearance of climbing the latter
Ptill higher before the close. However,
sentiment 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 heavv
veight soon.
Meanwhile the market is subject to
news from Washington relating to the
otton tax bill and anything favqrable
yr unfavorable would in all probability
nause quick changes. News from the
White House to-day is practically nil.
uAST ADD COTTON LEAD
Report of storms in Texas was circu- !
ated 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
urther general rains. The results of
the report, however, sent October to
12.02; December 12.92, and January to
12.82. Later, however, prices dropped
sharply and the close was steady with
prloes net unchanged to 4 points lower
than the closing quotations of Thurs-
flay.
Following are 11a. m bids in New
York: 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,
IL73; January. 12.76; March, 12.86.
Estimated cotton receipts:
Saturday. 1912
(Yew Orleans .. 1,800 to 2.100 395
Ualreston 22 500 to 24 500 . 18.751
RANGE IN New YORK FUTURES
i
l
i
i
o
<0 a
V
<0
o
it
o
X
J
-1(0
O
0.0
kp. 12.89!12.88 I 12.85'1 2.80 12.93-96 12.96-97
!>c. 12.85 13.02 12.77112.96 12.96-97 12.97-98 1
No .j ... . 12.88-90 12.88-90
!>e 12.80 12.92'12.67 12.88 12.88-89 12.89-90
fa. 12.6712.00 12.00 12.78 12.77-78 12.79-80
Pb. | ... .1 ... J .... 12.78-80 12.80-83 1
Hr. 12.74il2.91112.68 12.88 12.87-8912.89-90
\p. 12.73112.7312.73112.731 i :
»ry 112.81 12.9612.7512.93 12.92-9312.95-96
'n. 112.8012.84 12.80 12.84 12.94-96 12.97-99
y 12.84 12.95 12.8012.00 12.94-9612.98-99
Closed- stbady.
HAYWARD & CLARK’S
DAILY COTTON LETTER.
NEW ORLEANS, Sept. 12.—Toxas and
iklahoma papers are jubilant over the
»neral rainfall, and there are already
lany reports of an improved crop out-
ook. While the grade is injured in
[daces the cotton is not lost some re-
orts of blooms, plant recuperating, and
vith an oflfen fall, considerable increase
n yield expected. The weather map
thows cloudy and general rains in the
vestern half of the belt, generally fair
»nd no rain In the eastern half. Indica
tions are for clearing and cooler
vea'her in the north western quarter.
*'urther rains in the southern half of
'exas and raiiis likely to move on the
>outh Central ^States and Alabama over
he week-end. Increasing cloudiness in
be Atlantics. It will become consider
ably cooler over the northern half of
ihe belt, but not injuriously so. and the
<ool spell will be of short duration.
Liverpool shows distinct weakness
f rith futures about seven points lower
hun due, spots 12 points down, sales,
.000. , „
First trades here were at a decline
it about 10 points, followed by further
weakness, December selling to 12.67 in
,h e first hour. The market depends on
iho support of the leaders, otherwise, it
h inclined to liquidation on better crop
lews from the West; increasing weight
>f crop..slack spot demand and techni
cal conditions. More hopeful news troin
Washington would at all times have a
simulating effect.
NEW ORLEANS COTTON.
3
o
-J. I
•p-
?c.
12.64 12.84 12.59
s’o.
>c.
12.78|12.94 12.69'
a.
12.80 12.97112.73;
b.
...J .... ....:
•ir.
12.91 13.08 ! 12.84
iy.
13.00,13.16 12.:»5|
Closed barely steady
LIVERPOOL COTTON MARKET.
LIVERPOOL, Sept. 12.—Due 3% to
points lower, this market .
heady 8 to 9 points lower At 12:15 ;
). m., the market was quiet "
-olnts lower. I^ater the market defined ,
% points from 12:15 p. rn.
Spot cotton 12 points lower: middling |
: 59d; sales 8,000 bales, including 7.200 j
American.
At the close the market was easy with
'rices at a net decline of 12% to 15 1 ^
mints from the final quotations of
1 hursday.
Futures opened quiet and
Opening
Range. 2 P.M
7.05 7.04
•eptember
opt.-Oct. . .
ct.-Nov. . .
'ov.-Dec. . .
•ec.-Jan. . .
tn.-Feb. . .
eb.-Mar. . .
ar.-April . ,
pril-May. .
ay-June. . .
ine-July. . .
‘ lly-Aug. . .
Closed easy.
6.93 6.91%
%,87 6.85%
6.82 6.79
6.81% 6.79
6.82 6.79%
6.82 6.80
6.83 6.81
... 6.82%
6.83% 6.81
... 6.80
6.81 6.79
steady.
Prev.
Close. Close.
6.99% 7.13%
6.86% "02*
6.81 6.96
6.74% 6.89%
6.74% 6.89%
6.75 to 6.90
6.76% 6.90%
■6.77% 6.91%
6.77% 6.91%
6.78 6.91%
6.76% 6.89%
6.75 6.87%
MONEY EXCHANGE.
NEW YORK, Sept. 12.—Money on call,
I"; to 3 per cent. Time money un
manned; sixty days. 4 to 4% pur cent
5>nety days 4’-,* to 4*. per cent, six
a onths 5 per cent.
Posted rates: Sterling exchange^. •
to 4.8«%. with actual business in ban lo
ti s' bills at 4.S57" to 4.for demand
ind 4.8240 to 4.8250 for sixty-du> mini.
Prime mercantile paper unchanged.
<um Er 'T. T T 0RK ' S,, P»- 12.—J. M. Ander-
t J, n ‘ K ..‘‘* 1 >' er P 00 i was disappointing to
the bullish element. The decline. Tt Is
sain, was based on hedge selling and
American longs hedging their contracts
y} Lngijgh market. Cables also said
the trade was falling off. This, with
the rains in the Western belt, had a de
press.ng effect, and brought out sell-
lng 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 m seeking buying opportunities on
recessions, cotton should'be bought on
declines.’’
* • •
The market sold off yesterday In the
^teraoon and on constant selling by
Sch ill, 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 Ride 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
Hibbs at Washington stated that Un
derwood thought the biil would be in
conference two or three weeks.
* * *
The stock In cotton in the New York
warehouse is 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
.^lacking 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 th© 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.~JN. L. Carpenter & Co.
* * *
NEW ORLEANS, Sept. 12.—Hayward
& Clark: "The weather map shows a
very favorable condition; splendid gen
eral rains, particularly in Nort£ 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, .02; 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 Slates follows: Arkansas
900,000; Alabama, -1.500,0'K); Florida, 68.-
000; Georgia. 2,250 000; Oklahoma. 875,-
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 Now Orleans Tlmes-Pemocrat
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 t/» 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 fro/.i their be
lief that the rains will start the Western
plant growing again, and tnat a top crop
of Importance is now probable.
‘‘It is a fact that the private reports
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
yicl/f there will be a 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 weathfer has not
impaired the promise.”
* * *
Mitchell. Schlll 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 6ctions of
Texas and Oklahoma are in my opinion
hevond deterioration or Improvement,
while the rest of the belt is making very
favorable progress. Moderate rains, if
rot 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 th<? 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 fo~ 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-
l;i ; -pr, 60. Brenbam. .98; Clarendon. .10;
Columbus. 1.98; Corpus Christi, 1.64;
<V .an*. 40; Cuetc. 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;
Quarah, 1.34; San Antonio, .24; San
Marcos. .32; Sherman, 1.26; Taylor. .18;
Temple 1.50: Valley John, 2.00: \Yaco.
4«0; Waxahachie. .30; Weatherford,
1,04; Dardanelle, Ark., 1.30; Pine Bluff,
1 40; Alva Okial, .40; Tulsa. 1.40; Ard
more. T OO; 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. .75.
* • *
In a booklet Just off the press bear
ing the title “Statistical History of the
American Cotton Crop.” James J. Lea. a
New 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.
Hen-rv G. Hester,, the world’s accepted
authority upon such matters, assisted
Mr. Lea.
MINING STOCKS.
BOSTON, Sept. 12—rOpening: Arizo
na Commercial, 4%; Butte Superior,
34%; Calumet Arizona, 67; Swift, 104%;
Alaska, 20,
ISHEftDED 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 a substantial upturn at the opening
of the stock market to-day, advancing
1% on the first few sales. Another
prominent stockwas 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 are 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,
Ml 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 Copper, 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 nuon 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.
Stock quotations:
Cl os.
Prev.
STOCK- High.
Low.
Bid.
Close.
Amal. Copper. 79%
77%
78%
77%
Am. Agvicul.. ’. . . .
48
46%
Am. Beet Sug 2974
29
29%
29
American Can 35%
35
35%
34%
do. pref. .. 9778
97 7 4
97%
97%
Am. Car Fdy. 47%
47%
47
47%
Am. Cot. Oil... 44%
44
44
44
American Ice 24%
24%
24%
23%
Am. Locomo.. 36
35%
36
35
Am. Smelting 69%
58%
69%
67%
Am. Sug. Ref. 114%
118%
114
11274
Am. T.-T 13074
130 7 4
130%
13074
Am. Woolen
17%
17%
Anaconda .... 39%
89%
38%
38%
Atchison .... 96%
95%
95%
• 9574
A. C. U ..... 122
122
122
12074
B. and 0 96%
96
96%
95%
Beth. Steel... 36%
86
■86%
36
B. R. T. ...... 89%
89%
89%
8874
Can. Paclflo.. 2277s
224%
22274
224
Cen. Leather. 24%
24%
24
24
C. and 0 60
58%
59%
5874
Colo. F. and I. 34
32%
33
32%
Colo. Southern ....
29
29
Consol. Gas.. . 133%
133
132%
132%
Corn Products 11%
ii <»
11%
n%
D. and H
....
160
158
Den. and R. G
....
19%
19
Distil. Secur
12%
12%
Erie 20%
29%
29%
28%
do. pref. .. 47
47
47%
45
Gen. Electric. 147
145%
146%
145
G. North, pfd. 128
127%
127%
127%
G. North Ore. 35%
35
35 74
33%
G. Western
13%
13
Ill. Central... Ill
110%
110%
109
Interboro .... 16%
16
16%
15%
do, pref. .. 63%
62%
63%
62%
Int. Harv (old) ....
108%
108
Iowa Central
7
K. C. S
26%
25%
M., IC. and T. 2274
22%
22%
22%
do. pfd
57%
57
L. Valley. . . 15674
155
155%
164%
L. and N. . . 138
136%
137
135%
Mo. Pacific . 3074
30
30%'
29%
N. Y. CentraJ 9814
96%
97%
96
Northwest
128%
128
xNa%Lead. .| ....
46%
46%
N. and \V. . . 105%
105%
105%
105%
No. Pacific . 113%
112%
113 74
O. and W. . . 2974
29%
29%
29%
Penna 113%
112%
11374
112%
Pacific Mail
21
P. Gas Co. . . 125%
124%
125
124%
P. Steel Car . 29
28%
28%
28
Reading . . . 163%
161%
163%
161%
R. I. and Steel 25
24%
24
do. pfd.. . . 90
90
* 89
Rock Island . 17%
17%
17%
17
do. pfd.. . . 27%
27%
2774
27%
S.-Sheffield
34
32
So. Pacific . . 94%
93
94
92%
SO. Railway . 24%
24%
24%
24%
do. pfd
7974
78%
St. Paul ... 107 106M 106% 106
Tenn. Copper. 33% 33% 33% 33%
Texas Pacific 15 15
Third Avenue
40-74
38 y 4
Union Pacific
159%
1547s
159%
154
U. S Rubber.
64
62%
63
62%
63 74
U. S. Steel . .
65
13
64,%
do. pfd.. . .
Utah Copper .
109 74
10974
109%
10974
56%
55%
56
oh V*
V.-C. Chern. .
34%
33%
33%
31%
Wabash . . .
4%
4 74
do. pfd.. . .
12%
n V,
W. Union . .
69
68
67%
67
W. Maryland.
40
39’.
W Electric .
73%
72%
73%
72%
AV'. Central. .
49%
49
NEW YORK COFFEE MARKET.
| Opening
Closing
January
8.74*i8.77
8.73@8.75
February
8>4t(&8.86
8.80fa 8.85
March
8.94
8.92^/8.94
April
8.95'5 9.00
8.99 @ 9.00
May. ......
9.05(5 9.07
9.05@ 9.06
June ......
9.10@9.15
9.11@».13
July
9.15
9.17fa 9.18
August
9.17
9.17@9.18
September. . . .
8.48(38.50
October
8.45
8.4 8 fa 8.50
November. . . .
8.55
8.55 fa 8.57
December. . . .
8.66
8.65fa 8.66
Closed steady.
Sales, 67,250 bags.
COTTON SEED OIL.
Opening
Closing.
S pot
7.65@8 02
September . , ,
7.75@7.79
7.81 fa 7.90
October ....
7.44f?{ 7.45
7.43fa7.45
November ....
6.90*/6.91
6.90@6.91
December. ...
6.90 @6.92
6.90^6.92
January ....
February . • •
6.89 fa. 6.90
6.90fa6.92 ■
6.90@6.93
6.93 fa 6.95
March ....
7.03 fa 7.04
7.05 @ 7.07
April ....
7.06fa 7.12
7.08@7.15
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
114.966 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 vear and an increase of 42,000 bales
in 1911.
The total visible supply of American
cotton Increased 92.96<> bales, as* com
pared with an increase of 99,332 hales,
against an increase of 126,977 bales the
year before.
World’s visible supply:
1913
1912
1911
American . ...11,193.235 1.446,554 1,011.944
Other kinds. . . 953.000 812.000 686.000
To., all kinds. !2,146,235!2,268,554 1,697,944
World’s spinners’ takings:
For week. .
Since Sept.
1913 11912 J
181,0001 154,000
317.000; 281.000
1911
200.000
200.000
Movement Into sight, week:
O'erland, w’k.
Since Sept. 1.
In. sight, w’k
Since Sept. 1..
So. consump...
1913
1912 i '1911
1,504
2.730
464.8511
296.328 540.413
434.851 i 376.700
45.000' 40.0001
2,128
271.962
411.965
35.000
Weekly interior movement:
Receipts ..
Shipments
Stocks ....
Weekly exports:
1913
172,023!
138,794'
155.3031
1912 1
155,244
133,6581
162.728:
1911
136.977
163.775
140.977
19lTT
1912 1
For week.... | 1+6.994 61,5891.
Since Sept. l..| 229,4011 128.081|.
1911
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 thp
Senate. It is felt that most of the pos
sible efTect 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 the
Senate 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:
1913. 1912.
Domestic 6,602,350 8,437,977
Foreign 2.012.516 2.117,050
Totals 7,614.866 10.655To27
Total receipts of 7,614.866 pounds,
compared with 7.115,454 the preceding
week, of which 6,932.808 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 ... a .. .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
the ports to-day compared
same day last year
receipts at
with the
T
1913.
1012.
New Orleans . . .
1,763
676
Galveston
15.748
23.342
Mobile
617
269
Savannah
9,844
5,750
Charleston . . . .
2,231
1,151
Wi mington . . .
739
1,386
Norfolk
412
1.197
Baltimore
509
1,183
Boston
12.
Brunswick . . . .
7,034
6,584
Newport News . .
485
Various
9.456
3.866
Total
48.386
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 127' 8 .
Mobile, steady; middling 12%.
Wilmington, quiet; middling 12%.
Little Rock, steady; middling 12%.
Baltimore, nominal; middling 13%.
St. 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 feouth Atlantic States the
weather will be fair. In the lower
Lake region and the Ohio Valley the
wtarher will be more or less unsettled,
but probably with little or no rain, while
in the up^r Lake region the weather
will he fair. It will be warmer to-
right in the Atlantic States and some
what cooler in the Ohio Valley and the
I>aka 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 show r era
In extreme west portion to-night or Sat
urday: warmer in the interior.
South Carolina Fair to-night and Sat
urday; warmer to-pight in the interior.
Florida—Fair in western portion; lo
cal showers in east and extreme south
eastern portions to-night 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.
Louisiana—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 tbld)
Wool dull; domestic fleece, 24'326;
pulled, scoured b a> d s . 33@50; Texas,
scoured basis. 46®53.
Hides Inactive; native steers. 18%@
19%: branded steers, 17%f^l7%
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; centrifuga'. S.76
(bid); muscovado, 8.26 (bid); molasses
sugar. 3.01 (bid).
Sugar, refined, steady; fine granu
lated, 4.60fz4.8Q; mob! A, 5.15 (bid);
cubes. 4.85(^5.05; powdered, 4.70<&4.90;
diamond A. 4.80 (bid); confectioners’ A.
4.66 (bid); softs. No. 1, 4.55. (No. 2 is
5 points lower than No. 1, and Nos. 3 to
14 are each 5 points lower than the pre
ceding grade.)
WHEAT—
1 ‘B 3
1*12
Receipts
1,817.000 I
1,957.000
Shipments ....
824,000 1
1,904.000
O.KV- 1 i 1
Receipts
953.000 I
796.000 1
Shipments ....
477,000 |
683,000 j
Corn Failed to Get Much Above
Previous Day’s Close Despite
the Bulge in Wheat.
ST. LOUIS CASH QUOTATIONS.
Wheat—No. 2 red 94%@95
Com—No. 2 75%
Oats—No. 2 43
CHICAGO, Sept. 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.
Cora failed to get much above the
previous dav’s finish, despite the bulge
in whlat. Cash demand was fair and
shipping sales U25 000 bushels. Oats
showed fair strength and closed % cent
lower to Vi eeait higher.
Provisions had a narrow range.
CHICAGO GRAIN MARKET.
Grain quotations:
Sept
Dec
May
CORN—
Sept
Dec
May
OATS—
Sept
Deo
May
PORK—
Sept
Jan... 19.90
May. .. 20.07%
LARD-
Sept.... 11.10
Oct.... 11.17%
Jan.... 10.92%
RIBS—
Sept.... 11.07%
Jan 11.50
May.... 10.65
High.
Low.
Close.
Close.
88
88%
87%
87%
91%
90%
90%
90%
96
95
95%
96%
75%
75
75% .
75%
m
TM
74%
Vft
72%
73%
42
41%
41%
41%
44%
44
44%
44%
47%
46%
47%
47%
19.82%
19.95
11.07%
11.10
10.87%
11.00
11.45
;0.60
21.25
19.87% 19.87%
19.97% 20.00
11.10 11.10
11.15 11.17%
10.90 10.95
11.02% 11.07%
11.45 11 52%
10.60 10.65
PRIMARY MOVEMENT.
CHICAGO CAR LOTS.
Following are receipts for Friday and
estimated receipts for Saturday:
1 Friday. \ SaUirday !
Wheat
122
97
Corn
. 473
453
Oats
220
206
Hogs. .. .. ..
14,000
9,000
CHICAGO CASH QUOTATIONS.
CHICAGO, Sept. 12.—Wheat. No. 2
red, 93@94; No. 3 red, 91%@92%; No. 2
hard winter, 89&90: No. 3 hard winter.
88%%8S%; No. i Northern spring, 92(01
93; No. 2 Northern spring. 90(8-92; No. 3
spring. 88%<889%.
Corn. No. 2, 76@76%; No. 2 white. 76%
@77; No. 2 yellow, 76Y4#76%; No. i,
7lS%@76%; No. 8 white. 76V4@76%; No. 3
yellow, 76"«76%; No. 4. 75% (u 75%*o. 4
white, 76%@76%; No. 4 yellow, 76%@
75%.
Oats, No. 2, 42%; No. 2 white. 43%@44;
No. 3. 42; No. 3 white. 42%<8 43%; No. 4
white. 42%@ 42%; standard. 43%@43%.
ST. LOUIS CASH.
ST. LOUIS, Sept. 12.—Wheat. No. 2
red. 91%@95; No. 3 red, 91%; No. 4 red.
89@ 90%? No. 2 hard, 88@92; No. 3
hard, 87.
Corn: No 2. 76%; No. 3. 75; No. 2
yejfow, 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(b 44%; No. 3 white, 43*%(g>44; No. 4
white, 43.
LIVERPOOL GRAIN MARKET.
LIVERPOOL, Sept. 12.—Wheat opened
unchanged to %d lower. At 1:30 p. m.
the market was %d to %d higher. Closed
%d to %d higher.
Corn opened %d lower. At 1:30 p. m. I
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@
8 70; rough heavy. 7.35@7.90; light. 8.30
@9.10: pig'*, o.25*/8.6ft: bulk* 7.95@8.40.
Cattle: Receipts, 1,500, market steady:
beeves. 7.25*/9 10; cows and heifers. 3.25
@8.30; Stockers and feeders. 5.75@7.7(ft !
Texans, 6.50@ 8.00; calves. 9 60@11.25. 1
Sheep: Receipts. 16.000; market
steady; native and Western, 3.00@4.6"
Iambs, 5.60@7.70
Grain Notes
The Chicago Inter Ocean says:
"Sentiment atxiong 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 J
rally, as sentiment Is getting too ur.anl :
mously bearish
"Bulls who were found last night |
said they thought that the veiling had ,
been ‘overdone, and believed that the j
long side was the safe one on wheat
and corn. A good many of the oats sue j
cialists are bearish, the talk about Ca j
nadlan Imports seeming t»» have weight j
with professionals.
"The Government's October crop re-
port will be issued Thursday, October 9 j
pt 1:15 p in., and will give condition of
corn and the preliminary estimated yield I
of spring wheat, oats and barley.”
• * •
Wheat and corn art 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- '
tr.g. 68; Peoria, clear. 65. no rain; Spring
field, cloudy. 65 rained; St. Louis, rain
ing. 65. rained all night; Kansas City,
cloudy, 6o; Omaha, clear, 60; Minneapo
lis, clear, 55.
• • •
Bartlett, Frazier Company says:
“Wheat- We think some of j’ester-
day’s aggressive sellers will rather re
gret their action
“Cora—As in whe^it, 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
tha short side. ^
"Provisions—Look for a higher mar-*
ket to-day.”
METAL MARKET.
NEW YORK, Sept. 12. -The tone was
fPm at the met a* market to-day. Cop
pe.r, spot to November, 16%; lead. 4 65*/
4.85; spelter. 5 85*/5 95: tin. 42.25@42.50.
BAR SILVER.
NEW YORK, Sept. 12.—Commercial
bar silver 60%. Mexican dollars, 46c. j
London bar silver steady at 27%d. |
Enthusiasm IsRunningHigh
Contest
r
K
\
“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 l^ig red “Georgian Flyer” is on exhibition—the one
just like The Ilearst.’s Sunday A merican and Atlanta Georgian
will give to each hoy 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.
Pedalmobilh 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 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 oiice.
APPLICATION BLANK
Pedalmobile Department of the Hearst’s Sunday American and
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 accepted. Please send blanks and full particulars.
muni
1
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