Atlanta Georgian. (Atlanta, Ga.) 1912-1939, September 12, 1913, Image 13

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TTTF ATT A NT A GEORGIAN’ AND NEWS. 13 COTTON NEW YORK, Sept. 12.—Weak cables and a let-up in the demand from the aplnners caused the cotton market to open weak to-day and first prices were at a net decline of 7 to 16 points from Thursday’s tinal. There was consider able hedge selling in Liverpool. There was 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 cline 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 also considerable realizing sales Habersham King's latest circular as to 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 pointng to further rains in needed sections Good rains fell onver the entire <%outh stricken area and in some sections complaints are in current of too much moisture and doing dam age to the gryue. • After the call the list steadied through active buyi lg by spot houses and shorts who took advantage of the early low level, resulting in prices climbing back to the openirg range. Following are 11 a. 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, 12.73; January. 12.76; March. 12 86 Estimated cotton receipts: Saturday. 1912. New Orleans . . 1,809 to 2,100 395 Galveston 22,500 to 24.500 18.751 Prev. Close. 12.96- 97 12.97- 98 12.88- 90 12.89- 90 12.79- 80 12.80- 83 12.89-90 12.95-96 12.97- 98 12.98- 99 , I Open'High I Low I Noon Sept. . . . Oot. . , . Nov. . , . 12.89 12.85 12.89 12.85 12.89 12.89 12.7712.84 Dec. . . . 12.80 12.80 12.67 12.75 Jan. . . . Feb . , . 12.67 12.67 12.58:12.64 Mar . . . 12.74 12.79 12.68 12.74 May . . . June . . . 12.81 12.88 12.78 12.80 July . . . 12.84 12.84 12.84 12.84 LIVERPOOL COTTON MARKET. LIVERPOOL, Sept. 12.—Due 3% to 4Vi points lower, this market opened steady 8 to 9 points lower. At 12:15 p. m., the market was quiet 7 to 9% fronts lower. I^ater the market defined 1% points from 12:15 p. m. Spot cotton 12 points lower; middling 7.69d; sales 8,000 bales, including 7.200 American. At fche close the market was easy with prices at a net decline of 12% to 15% points from the final quotations of Thursday. Futures opened quiet and Opening Range. 2 7.05 . 6.93 . Vfc-87 . 6.82 . 6.81% . 6.82 . 6.82 . 6.83 September Sept.-Oct. . Oct.-Nov. . . Nov.-Dec. . Dec.-Jan. . Jan.-Feb. . Feb.-Mar. Mar.-April . April-May. . May-June. . June-July. . July-Aug. . Closed easy. . 6.83% 6.8i PM. 7.04 6.91 Vi 6.85% 6.79 6.79 6.79% 6.80 6.81 6.82% 6.81 6.80 6.79 steady. Prev. Close. Close. 6.99% 7.13% 6.86% 7.02 6.81 6.96 6.74% 6.89% 6.74% 6.89% 6.75% 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% 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 poa slble effect of the bill has already been discounted, though it is admitted that a failure finally to fix the date for Schedule lv 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 5.602.350 8.437,9 Foreign 2.012.516 2,117,050 Total* v... .7,614,866 10.566,027 Total receipt* 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 follows; ^ 1913. 1912 Domestic 129,127.779 197,987,871 Foreign 48.170.068 100.761 ^463 GRAIN Totals 177,297,847 298.749,334 STOCKS 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 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 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, %; 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. NEW YORK STOCK MARKET. Stock quotations to noon: Previous NEW ORLEANS COTTON. I | I Prev. fOpenjlligh 'LowlNoon 1 Closo L Sept. Oct. . . 1 12.64 12.69'12.59 Nov. Dec. . . . 1 12.78 12.79 12.69 Jan. . . 12.80 12.8212.72 Feb. Mar. . May. .112.73 ) 12.65 12.78-79 . .12.84-86 I 12.75 12.87-88 ! 12.78 12.90-91 .. .| . . . .| 12.87-89 12.9i|12.9i 12.84,12.89 13. Of -01 13.00 13.00:12.97 12.97 13.09-10 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 th.e selling wus rather general with little or no support until just before the close. Weld, Mitchell A 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 Rior- 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 bill 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 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 tp 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.’’ f * * 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.—S’. L. Carpenter & Co. * * * NEW ORLEANS, Sept. 12.—Hayward & Clark: “The weather map show’s a very favorable condition; splendid gen eral rains, particularly in North and West Texas; cloudy in the w-testern half; generally fair and no rain in the eastern half. Indications are for clearing and cooler weather In Oklahoma^ in North TVxas further rains; in Central and South Texas rains are moving eastward on Central states, Mississippi and west ern Alabama. Generally fair in the At- lantlcs.” * * * Rainfall Amarillo, .52; Oklahoma pCMty, 1.04; Abilene, raining, 1.24; Fort Worth, raining, 2.26; Taylor. .18; San Atitonio, .24; Corpus Christ!. 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 States follows: Arkansas, 900,000; Alabama. 1,500,000; 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, 475,0tK> Texas, 4,100,000 bales. STOCK— High Amal. Copper. 78 a Am. Beet Sug. American Can Am. Car Fdy. Am. Cot. Oil.. Am. Locomo.. Am. Smelting. 29% 35% 47% 44% 36% 68% Am. Sug. Ref. 113% 180% 96 96% 36% 89% 226% 24% 33% 29% 145% Am. T.-T. ... Atchison B. and O. ... Beth. Steel.. B. R. T Can. Pacific.. Cen Leather. Colo. F. and I Erie Gen, Electric. G. North, pfd. 128 G. North. Ore. 35% Ill. Central.. Ill Interboro 16% do, pref. .. 63 L. Valley. . . 155% L. and N. . . 137 Mo. Pacific . . 30% N. Y. Central 9T% N. and W. . . 105% No. Pacific . . 113 Penna 113% P. Gas Co. . . 125% P. Steel Car . 29 Reading . . . 163 R. I. and Steel 24% do. pfd.. . Rock Island So. Pacific. So. Railway St. Paul . . Tenn. Copper. 90 17% 94 24% 107 33% Union Pacific. 156% U. S. Rubber. 62% U. S. Steel . . 64% do. pfd.. . . 109% Utah Copper. 56% V. -C. Chem. . 34% xEx-dividend \ of Low. Noon. Close. 77*. 78% 77 V* 29 29% 29 35 35% 34% 47% 47% 47% 44 44% 44 354, 35% 35 68% 68% 67% 113% 113% 112% 130% 130% 130% 95% 96 95% 96 96% 95% 36 36% 36 89% 89 Vi 88% 224% 226 224 24% 24 Vi 24 32% 33% 32% 29 H 29% 28% 146% 145% 145 127*4 128 127% 35'4 35% 33% 110% 110% 109 16 16% 35% 62H 63 62% 155 153% 154% 136% 137 135% 30% 30% 29% »«H 97% 96 105% 105% 105% 112% 113 112% 113% 112% 124% 125% 124% 28 Vi 29 29 161*8 162% 161% 24% 24% 24 90 90 89 17*i 17% 18 93 93% 92% 24>/ t 24% 24% 106*4 106% 106 33% 33% 33% 15414 156% 154 62% 62% 62% 63% . 64% 63% 109% 109% 109 Vi 56 56% 55% 33% 94 31% 1 per cent. 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: pigs, 5.25@8.50; bulk, 7.96@8 40 Cattle: Receipts, 1,500; market sieady; beeves, 7 25@’9.10; cows and heifers, 3.25 @8.30; stockers end feeders, 5.75@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; lambs, 6.60@7.70. 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 the market was unchanged to %d higher. Closed %d to %d higher. CHICAGO. Sept. 12.-lx)cal traders who were the best sellers on the pre vious day w’ere the best buyers at the opening of the Board of Trade to-day, as the result of firmer cables from Liver pool, due to the bulk of the recent world’s shipment being to the continent. Prices showed Vi to % cent over the previous day’s finish Heavy rains over the Southwest checked buying to some extent. Corn had an easier tone and broke slightly on the liberal rains over Kan sas, Oklahoma. Missouri and Texas, but met with good buying support on the decline. Oats fluctuated with corn and had an easy undertone. Provisions were under some pressure from longs and declined moderately. CHICAGO GRAIN MARKET. Grain quotations to noon: Previous High Low Noon . Close. WHEAT- Sept 87% 37% 87 V* 87% Dec 91 90% 90% May 95% 95 95% 95 »* CORN— Sept 75% 75 76% 75% Dec 72% 71% 72\ 72% May 73% 73% 733* 73-, OATS— Sept 41% 41% 41% 41% De»' 44% 44 44% 44% May . 47% 46% 47's 47 V* PORK— Sept 21.25 Jan. 19.85 19.82% 19.85 19 87% May ... 20.00 19.95 30.00 20.00 LARD— Sept . . . 11.07% 11.07% 11.07% 11.10 Oct.... 1117% 11.10 11.15 11.17% Jan. 10.90 10.87% 10.87% 10.95 RIBS— Sept . . . . 11.07% 11.05 11.05 11.07% Jan. . 11.47% 11 45 U.47V4 11.52% May.... 10.62% 10.60 10.62% 10.65 BAR SILVER. NEW YORK, Sept. 12.—Commercial bar silver 60%. Mexican dollars. 46c London bar silver steady at 27%d. MINING STOCKS. BOSTON, Sept. 12.- na Commercial, 4%; 34%, Calumet Arizona, Alaska, 20. -Opening: Arizo- Butte Superior, 67; Swift. 104%. Grain Notes 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 is 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 cialists are bearish, the talk about Ca nadian imports seeming to have w-eight with professionals. “The Government’s October crop re port will be 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 corn 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 — N. L. Carpenter & Co. • * • Chicago, clear, 63; Terre Haute, rain ing, 68; Peoria, clear, 65, no rain; Spring- field, cloudy. 65, rained; St Louie, rain ing. 65, rained all night; Kansas City, cloudy. 60; Omaha, clear. 60, Minneapo lis, clear. 55. ATLANTA LIVE STOCK MARKET. (By W. H. White, Jr., of the White Pro vision Company.) Good to oholce steers, 1,000 to 1,200 pounds, $5.50@6.50; good steers.• 800 to 1,000 pounds. I5.25@6.00; medium to r ood steers, 700 to 850 pounds. $4.75© 25. Good to choice beef cows, 800 to 900 pounds, $4.50@5.50; medium to good cows, 700 to 800 pounds, $8.7R@4.76. Good to choice heifers, 750 to 860 pounds, $4.50@6.50; medium to good heifers, 650 to 750 pounds. $3 76@4.25. 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@5.00, medium to common cows, if fat, 700 to 800 pounds. $3.60@4.25; mixed common, 600 to 800 f ounds, $2.76@3.75; good butcher bulls, 3.25@4.00 Prime hogs. 160 to 30 Opounds, $8 35© 8.76; good butcher hogs, 140 to 160 pounds*. $8 25©8.35; good butcher pigs. 100 to 140 pounds, $8.00@8.26, light pigs, 80 to 100 pounds, $7.50@8 00; heavy rough and mixed hogs. $7.00@8.00. Above quotations apply to corn fed hogs; mast and peanut fattened lc to l%c under Atlanta Markets Life s Worth Living in Georgia If you prefer city life, there are no better cities in the world than those in Georgia. If you prefer village life, the smaller towns in Georgia offer every inducement. If you prefer country or farm life, Georgia offers greater inducements than any State in the Union. Georgia lands work the year round, from two to five crops being gath ered off of the same land each year—crops that are profitable. Climate and Soil STOCK GOSSIP We advise the long side of the mar ket and favor buying Northern Pacific. Southern Pacific and United States Steel. Also Bethlehem Steel and the ac- tive Issues of the standard coppers.—E. E. Clark. * * * Tactics similar to ihose of the last day or two seem likely in the stock market. New York Financial Bureau. • * * Railroad presidents are fairly opti mistic as to outlook for railroad busi ness during remainder of the year * * * Twelve industrials advanced .05. Twenty active rails declined .15. COTTON MARKET OPINIONS. B. F. Hutton & Co.: Further reces sions are not unlikely, but we would not follow the decline: In fact, would rather prefer purchases on good breaks. Logan & Bryan: Whiie prtcee may react further, we do not feel disposed to encouragej sales at these prices. M Sternbarger. Sinn & Co ; On good de clines wo! favor the long side. Miller & Co.: At the moment the marker contends with the elimination of the shnrit interest and the lack of spec- ulatlve Buying We. however, consider the market a bull proposition. EGGS—Fresh country, candled, 25© 27c BUTTER—Jersey and creamery, In 1-lb. blocks, 27%@30c; fresh country, fair demand. 16@18c. UNDRAWN POULTRY—Drawn, head and feet on, per pound; i-iena 18©19c; fries, 22%@24; roosters. 8@10c; tur keys, owing to fatness. lT^Dltu. LIVE POULTR i — Hens. 40@45; roosters, 30@36c; broilers 25@30c per pound; puddle ducks, 30@3oc, reams, 85@40c; geese, 50@60c each; turkeys, owing to fatness, 16@17c. FRUITS AND PRODUCE. FRUITS AND VEGETABLES—Lem ons, fancy, $5.00© 6.60; California or anges, $&.35@5.50; Concord grapes. 16© 18c a basket, Missouri peaches, $ 25©2 60 per crate; bananas, 2%@3c lb.; cabbage, l%@2c per drum; peanuts, per po» nd, fancy Virginia. 6%@7c; choice, 5%©6; beets, $1.75@200, m half- barrel crates; cucumbers. $1.25@1.50; eggplants, $1.00© 1.25 per crate; peppers 7oc@$l par crae, tomatoes, fancy, six- basket crates. 60c@$1.10; onions $1.00 .per bu.; sweet potutoes, pumpkin yams. 75© 80c per bu; Irish potatoes, $2.25 per bag. containing 2% bushels; a«ro, fancy, six-basket crates, $1.50@1.75 Sugar, raw’ quiet; centrifugal. 3.76; muscovado, 3.26; molasses suga:, 3.01. Sugar, refined steady: fine granulated, 4.60©4.80. cut loaf, 5.60; crushed- 5.16, cubes, 4 86@5 05: pownered, 4.7l/@l 90; diamond A, 4.80; confectioner’s A, \ 65 Softs—No. 1 4.55. (No. 2 is 5 points low er than No. 1 and Nos. 3 to 14 are each 6 points lower than the preceding grade.) Potatoes weak; white, nearby, 1 85© 2 36: sweets. 75@2.75. Beans irregular; marrow. choice, 6 40 @6.45, pea, choice, 3.75@3.80, red kid ney, choice, 3.90©4 00. Dried fruits irregular; apricots, choice to fancy, 12@14%. apples, evaporated, prime to fancy, 0%@8%; pdunes, 30s to 60s, 7% @13; 60s to ICOs. 4%@7; peaches, choice to fancy, 6@.7%; seeded raisins, choice to fancy, 6©7%. FISH, FISH—Bream and perch, 7c pound; snapper, 10c pound; trout, 10c pound; blueflsh, 7c pound; pompano. 20c pound; mackerel, IZc pound; mixed fish, 6@6c pound: black oass, 10c pound, mullet, $9.00 per barrel. 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 aJl. The results will surprise you. The climate is such that far mers do not have to house stock during the winter, there being good grazingtheentire year. For raising cattle and stock Georgia offers greater inducements than can be found elsewhere. The soil is suited for almost anything that grows and can be utilized the entire year. The prices at which good farm land can be purchased at present in Georgia are so low that it is a matter of comment — some thinking that the land is not so good as stated. The land is good, but there are thousands of acres that are now lying idle and the good people of Georgia are anxious for good farmers tocomeamongthem. Consequently the land is cheaper here than elsewhere. Information Furnished If there isanythingyou would like to know about Georgia, a letter to the Real Estate Dept, of Hearst’s Sunday American or Atlanta Geor gian will bring just the infor mation you desire without cost to you. Come to Georgia, where life's worth living. Address Real Estate Dept. Hearst’s Sunday American or Atlanta Georgian r—4 Enthusiasm Is Running High In Pedalmobile Contest “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 he hea rd 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-y tions to the paper before October 1. f j There are many efirnest workers and the subscriptions are coming fast. It would only be a wild guess now to say who will win the first fifteen cars and receive the Charter Membership Certificates to the Atlanta Pedalmobile Racing Club. These Cer tificates will entitle the holder to compete in any or all races and events to be held in the near future. Pedalmobile Clubs are to 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 w r on 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 lee 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 lioneei hust-^ lers who would like to own a Pedalmobile. i 7 f / Just fill out the application blank, below and full particu lars will be mailed you at once. / r 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. Street City Recommended by / 1