Atlanta Georgian. (Atlanta, Ga.) 1912-1939, September 13, 1913, Image 17

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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