Newspaper Page Text
4
Tens Rains and Low Cables Are
Cause of Early Dip—Spot
Houses Buy.
N'irW YORK, Sept. 12.—Weak cables
arid a let-up In the demand from the
spinners caused the cotton market to
open weak to-day and first prices were
at a net decline of 7 to 15 points from
Thursday’s final. There was constder-
=i 1 11 e hedge selling In Liverpool. There
was also a tendency In some quarters
to nerease the crop estimate, owing
to the rains over the Texas belt. After
prices had sold some 8 to 6 points higher
titan the opening quotations the de
cline was widened 17 to 21 points
through a general liquidation movement
i d dy the ring and brokers acting an-
i-pfatly /or Wall Street. There was
. i-o considerable realizing sales
i !.;bersharn King’s latest circular as
t the condition of the crop since the
D“ census report was considered very
•'able, which, of course, had its usual
,i. pr essing effect on the market, in
edition to this the weather map shows
rable conditions over night with in-
fi cations pointing to further rains In
r.eede sections. Good rains fell over
the entire »%outh stricken area and In
eomo sections complaints are current
of too much moisture and doing dam
age to the gr**%»e
TTTTC ATT ANT A OWITmTATJ ANT) TCKTVS.
COTTON GOSSIP
Sept. 12.—J. M. Ander-
th« k„u. u’ er P° o1 was disappointing to
the bullish element. The decline, It Is
y;.’ ," aa based on hedge selling and
Amerlean longs hedging their contracts
5 * ^ n &hsh market. Cables also said
tne trade was falling off. This, with
the rains In the Western belt, hnd a de-
RT* k n *._ an, l brought out sell-
mg Dy the ring speculator and scattered
liquidation. On the decline, however,
the mafket found support from brokers
wno undoubtedly represent some of the
large spot interests, shorts and spin
ners.” K
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
^ternoon and on constant selling by
ochlll, Wilson & Geer. The ring
Cr ?ii WttS n ^ a lnst the market and the
selling was rather general with little
?» r r su pP° rt until just before the close.
\\ eld, Mitchell & McF'adden 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.
Alter th« call the list steadied through
e buy! ig by spot houses and shorts
active Duyi ig Dy spot houses and shorts
who took advantage of the early low
level, resulting in prices climbing back
to the openl’g range.
( >n the bulge the market found good
support from brokers who usually rep
resent spinners and the largest spot
interests. This, with the expectation
of a bullish week-end statement, had a
stimulating effect and prices gradually
retrieved -the initial decline and had
the appearance of climbing the latter
still higher before the close. However
sentiment continues bearish on the be
lief that the Southwestern rains will
Increase the yield In that section and
fear that the actual will be of heavy
weight soon.
Meanwhile the market Is subject to
news from Washington relating to the
ootton tax bill and anything favorable
or unfavorable would In all probability
cause quick changes. News from the
White House to-day is practically nil
Cast add cotton deal*
Report of storms In Texas was circu
lated during the afteronon session to
affect the market was proven absolutely
baseless by a New Orleans weather ex
pert, saying that there wa^j no storm
West, only a strong, cool wave causing
further general rains. The results of
the report, however, sent October to
12.03; December 12.92, and January to
12.83. Later, however, prices dropped
sharply and the close was steady with
prices net unchanged to 4 points lower
than the closing quotations of Thurs
day.
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 .. 1.800 to 2.100 396
Galveston 22.500 to 24.500 18,751
Thursday’s market was less active
than at any time since the bull move
ment got started and some are pre
dicting a qyieter 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 sqon, 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.
RANGE IN NEW YORK FUTURES
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.”
Open.
i
X
*
o
-J
« a
-Jen
b
«
O'
6
Prev.
Close.
Sp.
Oc.
No.
De.
12.89
12.85
12.80
12.88
13.02
12.92
12.85112.80112.93
12.77 12.96 12.96
. .. .! . . . .112.88
12.67 12.88T2.88
-96112.96-97
-97 12.97-98 1
-904 2.88-90
-89 12.89-90
Jp.
Fb.
Mr.
-\p.
My
.In.
jy
Rainfall: Amarillo, .52; Oklahoma
City. 1.04; Abilene, raining, 1.24; Fort
Worth, raining, 2.26; Taylor. .18; San
Antonio, .24; Corpus Christl. 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.
112.67 12.00 12.00112.78 12 77-78|12.79-80
1 . .i . . . .'12.78-80 12.80-83
68 ! 12.88 12.87-89:12.89-90 |
3 12.73
'5 1 2.93112.92
80 12.84 12.94
80 12.00 12.94
12.74112.91
12.73 12.73
12.8112.96
12.80 ! 12.84
12.84 12.95
Closed steady.
12.6
12.7
12.'
12.1
12.1
-9312.95-96
-96 12.97-99
-96|12.98-99
HAYWARD A CLARK’S
DAILY COTTON LETTER.
NEW ORLEANS, Sept. 12.—Texas and
Oklahoma papers are Jubilant over the
general rainfall, and there are already
many reports of an Improved crop out
look. While the grade Is injured in
places the cotton 19 not lost some re
ports of blooms, plant recuperating, and
v* it h an open fall, considerable increase
in yield expected. The weather map
shows cloudy and general rains in the
western half of the belt, generally fair
and no rain In the eastern half. Indi
cations are for clearing and cooler
weather In the northwestern quarter.
Further rains in the southern half of
Texas and rains likely to move on the
South Central States and Alabama over
the week-end. Increasing cloudiness in
the Atlantlcs. It will become consider
ably cooler over the northern half of
the belt, but not injuriously so, and the
cool spell will be of short duration.
Liverpool shows distinct weakness
with futures about seven points lower
than due, spots 12 points down; sales,
8,000.
First trades here were at a decline
of about 10 points, followed by further
weakness, December selling to 12.67 in
the first hour. The market depends on
the support of the leaders, otherwise. It
is inclined to liquidation on better crop
news from the West; Increasing weight
of crop, slack spot demand and techni
cal conditions. More hopeful news from
Washington would at all times have a
stimulating effect.
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, 475,000;
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-
1 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
I the grade of the crop in the West. On
the other hand, low price people have
1 gained much courage from their tje-
i lief that the rains will start the Western
I plant growing again, and tnat a top crop
| of Importance is no^ probable.
“It is a fact that the private reports
! coming from Oklahoma indicate ' a
i larger crop promise in that State than,
I was indicated by the Government’s con
dition figure of 45 per cent of normal
! as of August 25. In so far as Texas
1 Is concerned most people believe the
yielfl 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 weather has not
impaired the promise."
NEW ORLEANS COTTON.
0.0
Sp.
Oc.
12.64
No.
1 >e.
12.78
Ja.
12.80
Fb.
Mr.
12.91
My.
13.00
12.94
12.97
l 13.08
... 3 13.16
dosed barely steady.
112.76 112.73
12.59112.81 12.81-82 12.78-79
I ... .112.85-91 12.84-8o
12.69 12.92 12.92-93 12.87-88
12.73! 12.95112.94-95 12.90-91
... .1 . ... |12.91-93 12.87 : «9
12 84 13 06 13.05-06 13.00-01
12.95 jl3.15 13.13-15113.09-10
LIVERPOOL COTTON MARKET.
'LIVERPOOL, Sept. 12.—Due 8% to
, points lower, this market opened
>ady 8 to 9 points lower. At 12:15
m., the market was quiet 7 to>9%
Ints lower. Later the market declined
points from 12:15 p. m.
Jpot cotton 12 points lower; middling
,9d; sales 8,000 bales. Including <,200
terican. ...
,t the close the market was easy with
ces at a net decline of 12Vi to 15%
nts from the final quotations of
Lirsday.
Mitchell, Schllland 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 sctions 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 continue*! 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.
steady
September
Sept.-Oct.
Oct.-Nov.
Nov. - Dec.
Dec.-Jan.
Jan.-Feb.
Feb. -Mar.
Mar. -April
' pril-May.
May-June.
J ine-July.
J lly-Aug. . .
Closed easy.
Opening
Close.
Range. 2 P.M.
. . 7.05
7.04
6.99%
. 6.93
6.91%
6.86%
. %.87
6.85% 6.81
. 6.82
6.79
6.74%
. 6.81%
6.79
6.74%
. 6.82
6.79%
6.75%
. 6.82
6.80
6.76%
. 6.83
6.81
6.77%
6.82%
6.77%
* 6.83%
6.81
6.78
6.80
6.76%
* 6* 81
6.79
6.75
Prev.
L96
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; waoo,
4.80; Waxahachie. .30; Weatherford,
1.04; Dardanelle, Ark., 1.30; Pine Bluff,
1.40; Alva Okial, 40H> Tulsa, 1.40; Ard
more, 1.00; McAlester, 1.00; Marlow, 1.00;
Bartlettsville, 2.40; Chlckasha, 2.80; Hol-
denville, 2.70; Muskogee, 1.20; Shawnee,
1.30; Lawton, 3.70; Ami tel, .75.
6.91
6.89 ’ a
6.8714
MONEY EXCHANGE.
tfETW YORK. Sept. 12 — Money on call,
, to 3 per cent. Time money un-
anged; slaty days. 4 to 4*4 P®** o«nt,
lety days 4*4 to 4% per cent, six
mths 5 per cent. . a st
Posted rates: Sterling exchange 4.83
4.86M, with actual business in bank-
1’ bills at 4.8570 to 4.8575 for demand
d 4.8240 to 4.8250 for sixty-day bills.
Prim® mercantile paper uncnan&eo.
In a booklet Just ofT 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.
Henry G. Hester, the world’s accepted
authority upon such matters, assisted
Mr Lea.
E
IS HEADED BY U.P.
Rumor That Standard Oil People
Are Back of Market Results
in Bull Raid at Close.
By CHARLE8 W. STORM.
NEW YORK. Bept. 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%.
Borne traders professed to see evi
dences of accumulation which Is gradu
al y 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 *4:
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, *4; New York Central,
*4: General Electric, %; St. Paul, *4;
Baltimore and Ohio, %; Brooklyn Rapid
Transit, *4.
Pennsylvania Railroad deo’lned *4 *nd
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*4 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
w’ere 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, ®old 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 boijds unchanged. Other
bonds firm.
NEW YORK STOCK MARKET.
Stock quotation*:
STOCK— High.
Low.
Cl os.
Bid.
Prev.
Close.
Amal. Copper.
79*
77%
78%
77%
Am. Agrlcul..
48
46%
Am. Beet Sug.
29'%
29
29%
29
American Can
35%
35
35%
34%
do, pref. ..
97%
8774
97%
97%
Am. Car Fdy.
47%
47%
47
47%
Am. Cot. Oil...
44%
44
44
44
American Ice
24%
24%
24%
23%
Am. Locomo..
38
35%
36
35
Am. Smelting
69%
68%
69%
67%
Am. Sug. Ref.
114%
113%
114
112%
39%
96%
Am. T.-T 130%
Am. Woolen
Anaconda ....
Atchison ....
a_ a l
B. and O
Beth. St9*1...
B. R. T.
Can. Paelflo.. 227%
Cen. Leather.
C. and Q. ....
Colo. F. and L 34
Colo. Southern
Consol. Gas..
Com Products 11%
D. and H
Den. and R. G.
Distil. Seour..
Erie
do, pref. ..
Gen^ Electric. 147
G. North, pfd. 128
G. North Ore.
G. Western...
Ill. Central... Ill
Interboro ....
do, pref. .
Int. Harv (old)
Iowa Central..
K. C. S.. . .
M. , K. and T.
do. pfd.. . .
L. Valley. . .
L. and N. . .
Mo. Pacific .
N. Y. Central 98%
Northwest. .
xNat. Lead.
N. and W. .
No. Pacific
O. and W. .
Penna 113%
Pacific Mail .
P. Gas Co. . .
P. Steel Car .
Reading . . .
R. L and Steel
do. pfd.. . .
Rock Island .
do. pfd.. . .
S. -Sheffield. .
So. PadTflc . .
SO. Railway .
do. pfd.. . .
St. Paul . .
Tenn., Copper
Texas Pacific
Third Avenue ....
Union Pacific 159%
U. S Rubber. 64
U. S.' Steel
130%
89%
95%
130%
17%
38%
95%
122
122
122
96%
96
95%
36%
36
36%
89%
89%
89%
227%
224%
222%
24%
24%
24
60
* 68%
69%
34
32%
33
....
29
133%
183
132%
11%
119*
11%
....
160
....
....
19%
....
12%
29%
29%
29%
47
47
47%
147
145%
146%
128
. 127%
127%
35%
35
35%
13%
111
110%
110%
16%
16
16%
63%
62%
63%
> ....
108%
....
7
25%
22%
22%
22%
57%
166%
155
165%
138
136%
137
30%
30
30%
98%
96%
97%
....
128%
....
46%
105%
105%
106%
113%
112%
113%
29%
29%
29%
113%
112%
113%
125%
124%
125
2“
28%
28%
163%
161%
163%
25
24%
90 '
90
....
17%
17%
17%
27%
27%
27%
130%
17%
38%
95%
120%
95%
36
88%
224
24
68%
32%
29
132%
11%
158
19
12%
28%
45
145
127%
33%
13
109
15%
62%
108
7
25%
22%
57
154%
135%
29%
96
128
46%
105%
29%
112%
21
124%'
28
161%
24
94%
24%
93
24%
107
33%
106%
33%
66
154%
62%
63%
do. pfd.. . .
, 10914
109%
Utah Copper .
56^
55%
V.-C. Chem. .
. 34%
33%
Wabash . . .
do. pfd.. . .
W. Union . .
. 69’ '
68’ *
W. Maryland.
W Electric .
w; Central. .
73% 72%
34
94
24%
79%
106%
33%
15
40%
169%
63
64,%
109%
66
33%
4%
n
40
73%
49%
17
27%
32
92%
24%
78%
106
33%
16
38%
154
62%
63%
109%
55%
31%
4%
11%
67
39 %
72%
49
NEW YORK COFFEE MARKET.
MINING STOCKS.
BOSTON, Sept. 12.—Opening: Arizo
na Commercial, 4%; Butte Superior,
34%; Calumet Arizona, 67; Swift. 104%;
Alaska. 20.
I Opening
Closing
January
8.74(£
t8.77
8.73@8 75
February
8
i8.86
8.80@S 85
March
8.94
8.92(38 94
April
8.95(2
£9.00
8.99@9.00
May .
9.056
19.07
9.05@9.06
June 4
9.106
£9.15
9.U@9 13 ,
July • .
9.15
9.17@9.18
August
9.17
9.17@9.18
September. . . .
8.48@ 8.50
October
8.45
8 48@8.50
November. . . .
8.55
8.55 @8.57
December. . . .
8.66
8.65@8.66
Closed steady.
Sales
67,250 bags.
COTTON SEED OIL.
Spot.. . „
September
October . .
November .
December.
January .
February .
March . .
April . .
Closed heavy; uues, 2L400 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 hales, as compared with an In
crease of 86,882 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
hales, 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 92.965 bales, as com
pared with an Increase of 99,832 hales,
against an Increase of 126,977 bales the
year before.
World’s visible supply:
1911
American ....
Other kinds. ..
To., all kinds.
| 1913 1 1912 !
1,193,235! 1,446,664.1,
953,000! 812.000!
2,146,235'2.258,55411,
,011,944
686.000
697.944
World's spinners' takings:
For week..
Since Sept.
1.
1913
181,000!
317,0001
1913 1
154.000]
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
3.730
454.851
296.328
434.851
45.000'
1912
1,504
1911
2,128
540.413
376.7001
40.000'
271,968
411.935
35.000
Week 1 y Interior movement:
Receipts .
Shipments
Stocks ...H
Weekly exports:
1913 I 1912
172.023 155.244
138.794: 133.658'
165,3031 162,728!
ml
186.977
153 775
140,971
] 1913
1912 1
61,5891
1911
For week....[ 96.954!
Since Sept, l..| 229.401! 128,08l|.
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 la 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 the
Senate provisions would work some
hardship Total sales of wool the past
week are estimated at somewhat more
than 3.000,1)00 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 10.655,027
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.
1918.
1,763
16.748
617
9,844
2,231
736
412
509
7,034
’ 9.456’
48.386
1912.
676
23,342
269
6,750
1,151
1,385
1,197
1,183
13
6,684
485
8.866
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%.
St. I^ouls, 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
weather 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.
r
*
Corn Failed to Get Much Above
Previous Day’s Close Despite
the Bulge in Wheat.
BT. LOUIS CASH QUOTATIONS.
Wheat—No. 2 red ;.»4%@95
Com—No. 2 76%
Oata—No 2 48
CHICAGO, Bept. 12.-—An excellent de
mand for.qwth wheat with sales of about
300,000 buuels here and a good export
business M the Northwest caused a
firmer feMftg to prevail In the wheat
market dflSfr.g 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.
Com failed to get much above the
f jrevlous day’s finish, despite the bulge
n whlat. Cash demand was fair and
shipping sales 225 GOO bushels. Oats
showed fair strength and closed % cent
lower to % cejit higher.
Provisions had a narrow range
CHICAGO GRAIN MARKET.
Grain quotations:
Bept
Dec
May
CORN—
Sept
Dec
May
OATS—
Sept
Dec
May
PORK—
Sept
Jan.... 19 90
May.... 20.07%
LARD—
Sept.... 11.10
Got.... 11.17%
Jan... 10.92%
RIBS—
Sept.. .. 11.07%
Jan lL50
May... . 10.66
High
Low
Close. Close.
~88
eiH
96
88%
90%
95
87%
90%
96%
87%
90%
96%
75%
72%
74%
76
71T*
73%
75%
72%
73%
76%
72%
73%
42
44%
47% '
41%
44
46%
41%
44%
47%
41%
44%
47%
19.82%
19.95
19.87%
19.97%
21.25
19 87%
20.00
11 07%
11 10
10.87%
11(10
11.16
10.90
11.10
11.17%
10.95
11.00
11 45
10 60
11.02%
11 45
10.60
11 07%
D 52%
10.65
PRIMARY MOVEMENT.
WHEAT—
1 Ml
1*12
Receipts
1,817 000
1.957.000
Shipments ....
824.000
1,904.000
1 ;
Receipts
953.000
796.000
Shipments ....
477,000
683,000
CHICAGO
CAR LOTS.
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 portion* 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.
Following are receipts for Friday and ;
estimated receipts for Saturday:
~j 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(g>94; No. 3 red, 91 Vi @92%; No. 2
hard winter, 89@90; No. 3 hard winter,
88%%88%- No. 1 Northern spring, 92@
93; No. 2 Northern spring. 90@92; No. 3
spring. 88%<5 89%.
Corn, No. 2, 76@76%; No. 2 whlte^ 76%
"7; No. 2 yellow, 76Vi®76%; No. 3,
75%®76%; No. 3 white, 76%@76%; No. 3
yellow, 76®76%; No. 4. 75%(o75%; fio. 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, 91%®96; No. 3 red, 91%; No. 4 red. I
89^90%; No. 2 hard, 88®92; No. 3
hard, 87.
Corn: Ts"o 2, 75%; No. 3, 75; No. 2
yellow, 75%^.* 76; No. 3 yellow, 75; No,_2
white, 76%<ft76%; No. 3 white. 75®75%.
Oats: No. 2, 43%; No. 3, 43%; No. 4,
41%®42; No- 3 whfte, 44%; standard,
44® 44%; (No. 3 white, 4lT%®44; No. 4
white, 43.
LIVERPOOL GRAIN MARKET.
LIVERPOOL, Sept. 12.—Wheat opened
unchanged’,.'to %d lower. At 1:30 p. m.
the market^as %d to %d higher. Closed
%d to %d ^higher.
Corn opened %d lower. At 1:80 p. m. !
the market was unchanged to %d i
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<g7.90; light, /8.30
@9.10; pigs, 5.25@8.&0: bulk, 7.95@8 40.
Cattle: Receipts, 1,500; market steady;
beeves, 7.25®9.10; cows and heifers. 3.2,3
@8.30; Stockers and 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;
Iambs, 5.60@7.70.
The Chicago Inter Ocean says:
“Sentiment among grain traders laat
night was mostly bearish and only a
few traders were able to see any good
on the buying aide. 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 com. A good many of the oats spe
cialists are bearish, the talk about Ca
nadian Imports seeming to have weight
with professionals.
“The Government’s October e^r>p re
port will be issued Thursday, Octeher 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.
NEW YORK PRODUCE.
NEW YORK, Sept. 12.—Petroleum
firm; crude Pennsylvania. 2.50.
Turpentine easier, 41%@42.
Roftln steady; common, 4.20 (bid).
Wool dull; domestic fleece, 24@26;
pulled, scoured basin, 23@50; Texas,
scoured basis. 46@53.
Hides Inactive; native steers, 18%@r
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. 8.76
(bid); muscovado, 8 26 (bid); molasses
sugar, 3 01 (bid).
Sugar, refined, steady; fine granu
lated. 4 60@4.80; mold A, 5.16 (bid);
cubes, 4.85@5.05; 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 lower than the pre
ceding grades
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, 66. rained; St. Louis, rain
ing. 65, rained all night; Kansas City,
cloudy, 60; Omaha, clear, 60; Minneapo
lis, clear, 55.
Bartlett, FYazier Company s&ya:
“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 fn to-day's market, as has been
the case no frequently of late.
“Oats—W'e 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 metal market to-day Cop
per. spot to November, 16%; lead, 4.65@
4.85; spelter. 5 85@5.95: tin, 42.25@42.50. j
BAR SILVER.
NEXT t:SV)RK, Sept. 12.—Commercial 1
bar silver 60%. Mexican dollars. 46c. 1
London bar sliver steady at 27%cL |
lj|
Enthusiasm IsRunningHigh
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 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.
Tliere 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.
Pedalmobile Clubs are to he found in many of the large
cities, having been promoted by some of the largest and best
newspapers in the country. This sort of spoil; 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 ears are well-made
and serviceable and will surely gladden the heart of apy hoy 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 Ftyer” 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 \yill 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, G&.
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.
■A