Newspaper Page Text
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WEEK’S FEKTURE
IT
Bearish News Dominates, but the
Market Was by No Means Weak
or Seriously Depressed.
MEMPHIS. TENN May 29 Baar.
ish news predominated in the rot-
ton market during the past week, but
the moderate amount of decline in
prices seemed to indicate that the
undertone of the market was by no
means weak or Indicative of any se
rious break in values
The entrance of Italy into the war
haa seemingly been more of a help to
those on the hear side so far than to
the bulls, although opinion is not
unanimous that it will continue so.
The large amount of cotton held in
that country awaiting shipment to
Austria and Germany, which will
either be seised, or will be a very long
time reaching its destination, and the.
disposition to sell hedges against it.
or to resell to other people, has been
credited with being a factor for ^ow-
sr prices
Delay in Note Against Bulls.
In one port alone there are/©early
500.000 hales of American cotton, and
most of it was thought to be rn route
to countries with which Italy is now
at war.
The continuation of the uncertainty
as to the situation between this coun
try and Get many. no answer having
been given to the recent note as t\
the protection to neutral shipping and
American lives, has been a factor
which mitigated against bullish suc
cess. The attack on the American
vessel on the south coast of Ireland,
presumably b> a German submarine
did not help feeling any and rather
strained relations a little more
Condition Report Tuesday.
While international politics was one
of the largest influences, there was
another of Importance in the pro
gress of the new crop. Weather con
ditlons have been seasonable and
many favorable advices have come,
while there was a lessening of com
plaints and the unfavorable features
were regarded as having been mini
mized Some sections had more rain
than needed, and some had too little,
but generally speaking the belt fared
well and normal progress was made
Tuesday was the last day included
in the coming bureau report on con
dition and the tendency has been to
raise expectations as to percentage.
It is believed the report will show
around SO. w hich will compare with
last year's 73.4. and the lft-vear aver
age of 70.fi.
New York Cotton Future*.
! i
i
^ ’it
% \
1
t> *
0.17 ' 0 IS
Jly 9.38 0 41 0 3ff 0:37 0 37-38 0.38 30
Ag 0 50 52 9 51 53
Spt 9.59-61 9.60-62
Oc 0.72 9.75 0.70, 0.73 0 7*2-73 9.73-74
Dc 0 04 0. OR 9.93 9.96 9.95-96 9.96-97
Jan 1001 10.02 0 07 9 0S 9 98-99 10.00-01
Mh_J0 :'4 10 35 10 23 m 34 ’0 23- 24 10 24-26
Closed steady.
N*w Orleans Cotton Futures.
New York Stock
Quotations
The fololwlnq shows the highest, low
est and closing bid, with net changes, on
1 the New York Stock Exchange
Satur-
day:
( Mob
Net
STOCKS—
High I>»w
Bid
Ch'ge
imal • 'oppsr
T.V, $4%
65'4
Am. Agricultural
59
Am Beet Sugar.
46 > 4 46' 4
46
American Can
36% 35%
F %
do. pref
96%
Am. Car Foundry
52*4 51 Vi
51*4
in Cotton (>ii .
46 46
44%
— i*4
American Ice
39
4- %
Am. Ijoromot 1 ve
46 4 4*4
45%
- %
Am. Smelting .
65 '-4 64 %
65%
Am. Sug. Ref .
196
— 4k
Am. T.-T
1 12 *4
F *4
Am Woolen
Anaconda
31 3974
31
—' ’ %
Atchison
69 *4 66 %
66
A. C. L
194
R. and u.
72 72
71%
— *4
Bethlehem Steel
136%
Ft. R. T.
87
Canadian Pacific
156" 185*4
155%
• %
t'entral leather
36 35*4
35 %
%
i' an-! < »
36%
t %
Colo. F\ and I...
39 39
26%
-f %
Polo Southern
28
<'onsol. Gas ...
123" 123
122%
%
Corn Products
13 12%
12%
%
I*. and H
147%
Den. and R. G.. .
7
Distil. Securities
16 15S,
16
Erie
26' * 24 74
25 %
%
do. pref
36% 36%
36%
— *4,
Gen Electrle
152 161'4 152
1
G North . pfd
116*4 116*4
1 1« %
G Northern ore
31% 31%
31%
- %
G. Western
11
+ %
Illinois Central .
195% 19.',%
105
Interboro
23% 21%
22%
do pref
73 71 %
72%
— %
Int. 1 Inrv. i old)..
64%
Iowa Central ....
6
K C. S
25*4 25%
25%
'4
M . K and T
11% 11%
11 %
do pref ....
28
— i
Lehigh Valley ...
140% 149%
149
— 1
L. and N
115
2
Mo. Pacific . . . .
ii*4 ii
1 1 %
* 1 *
N. Y. Central....
84% 84%
84 '4
•F %
North western . ..
126%
S'
<
National 1 <ead . .
36
N. and VV
104% 104
101 %
N o. Pa rifle
104%
4* %
O and W
27%
Pennsylvania .
197 196%
106%
pacific Mail
23 23
72%
- ”%
P Gas Co
113%
P. Steel Car
1 4 % 4 t
44%
' ‘ ‘ *4
Reading
142% 141%
142%
-F %
R. 1 and Steel..
27 'i 27 i
27%
+ %
do. pref
83 V6 83*4
83%
Rock Island
%
do pref ....
%
S -Sheffield
31
’ 1
So. Pacific .
88 87%
88
-F l *
So Railwa v
16% 16%
16%
+ %
do pref, .
46 %
4 7*
St Paul
86 88 %
88%
Tenn. Copper
33 32%
3.7
%
Texas Pacific
15
Third Avenue
r< 4R%
46
%
Union Pacific . . .
12fi-% 123*4
126*i
-F %
I' S. Rubber....
62 % 63
67%
•F %
f S Steel .
54'*,' 53%
54%
-F %
do pref . . .
196 % 10 ; %
106%
%
Utah Copper
65% 65%
65 '4
%
V.-C Chemical
30
Wabash
%
%
do. pref
%
%
Western Cnion
66% 65*4
65 *4
' %
W. Maryland
22%
West. Electric
63% 6?
92%
%
Wif Central
71 *4
%
\ la ska Gold
■, , i 1
34%
%
Butte Superior
71 68%
79%
Bah! win Loco.
41 ' 41
41
4- 1
Cal. Pet.
15 '15
15
-F %
Chino Copper
44% 47%
44%
- %
Crucible Steel
27 % 2«%
26%
%
Cuban Sugar . . .
26 28%
°8 7 *
*4
Mex. Pet
68 67
67%
— 1
Max Motors
411a, <2*6
42%
%
Miami Copper
25%
75%
— %
Nat Enamel
15*4 15*4
15%
— %
Pittsburg Coal
22%' 22
— %
R. Island fnewl.
18*4 IT 7 ,
18%
— %
Rav Consol.
23% 23
23 *4
— %
Ruml#'
4 ' 374
3%
%
Studebaker
67 68 %
66%
Texas Oil
123 ’122*4
122%
Total sale* Saturday. 136.299 s
■ ' 1
ML TRADE IN
STOCKS; LIST SAGS
Speculative Interest in War Or
der Issues Shows Marked De
crease at Week-End.
By CHARLES W. STORM.
NEW YORK, May 26 Busness in
stocks continued restricted this morn
ing, hut prices were easier Rock Is
land opened 7 * lower at 18 but rallied
to 18** Interboro-Metropolltan made
an Initial gain of % at 23% and then
yielded to 22%. The copper stocks
were fractionally lower, Chino and I’tah
both declining %
There was a marked decrease In spec
illative Interest In the war order stocks.
Vo sales w#Te made in the first fifteen
minutes in Bethlehem Steel or Ameri
can J»comotive, and there were few
transactions In other issues of the
group. Crucible Steel started % lower
at 3/ and Westinghouse dropped % to
• 2 , Trifling losses were sustained In
1'nion T’aciflc, Reading and Southern
Pacific Canadian Pacific receded % to
155%
HEAVY PRESSURE
Weakness in Northwest Causes
Liquidation—Corn and Oats
Also Decline. .
CHICAGO, May 26 May wheat closed
%c lower to-day after n wide fluctua
tion on scattered liquidation. There was
also considerable selling of the deferred
months, the weakness ;n the Northwest
being a factor.
Com was %c to %o lower There was
fair commission house buying at times
The incessant rains caused some alarm,
which was reflected In moderate outside
buying, but the weakness in wheat was
against holders ami prices were a lit
tle easier.
Cash Males were 05,000 bushels of corn,
including 60 000 bushels for export. Oats
were 'Ac to 1 %c lower with other grains
The heaviness in wheat was a factor.
Cash salos were 115.000 bushels, includ
ing 00.000 bushels for export. Pork was
unchanged to 2%c lower, lard 7%c to
12%c higher and ribs 6c to 12%c higher.
Grain quotations;
Week's Range in
Cotton Futures j
The following shows the highest and
lowest prices on the New York. New
Orleans and Liverpool Cotton Exchanges
this week, with the closing quotatlosn
aSturday and net changes from Fri.
t day's cloae.
NEW YORK.
Atlanta Securities
S
July +9.56 z9 25 9 37-38
October t9 96 z9 59 9.72-73
December . . . . 110. 17 z9.80 9 95-96
January . . . . t10 21 z9 85 9 98 99
Mch 110.46 10 10 10 23-24
Sat. 1 Net
High; Low Cloae.iC'g’a
—1
—1
—2
NEW ORLEANS.
July
Oct.
Dec.
Jan.
Mch.
! I Sat. Net
High Low Close. C’q's
t9 40 *8 97 9 97-C8 —3
*9.71 *9 30 9.44-45 —2
t9 87 *9.48 9.61-62 —1
t9 92 *9 62 9 72-73 —2
110 13 *9 90 9.93-95 —2
LIVERPOOL.
For week. 1,823JHW> shares.
Weekly Review of
Atlanta Produce
The Fidelity FYuit and Produce Com
pany, In their weekly letter to the trade
SB y
"While our market has been badlv
overstocked on a few lines, It is in very
good shape on most varieties. The re
ceipts of .squashes, cucumbers and to
matoes have been heavier than the
demand, which caused prices to break to
around $1 per drum \Ve have informed
the growers and shippers, who will no
doubt divide their shipments to other
markets and send only enough to At
lanta to supply the demand, which will
enable us to get satisfactory prices for
their goods. Means, while around 81.26
pc drum, are cleaning up daily, re
ceipts are heavy. The potato market
lias been better than usual, with Flor
ida receipts cleaning up without a break
in prices The Georgia and South Caro
lina crop Is now moving at very good
prices with receipts just about equal to
the demand. 'Hie low price for beans
ha- practically stopped the sale of cab
bage. very little demand The Florida
celery crop is over, only the green sum
mar variety to he had. which is now
selling at satisfactory prices. Lettuce is
very scarce Peppers of good quality Is
in limited supply. The receipts of Ber
muda onions are heavy from Florida.
Georgia and Louisiana, and we look for
the price to decline within the next few
da vs.
'The market Is strong for anything in
fruit, all j>eaches, strawberries and
cherries selling on arrival at good prices
There is not enough good stock to supply
the demand Pineapples from Florida
are becoming morp plentiful, hut selling j
on arrival at good prices. \ The season
for Florida oranges and grapefruit is
over.
"We had the first cantaloupes of the
season out of Florida this week The
crop is expected to start In earnest next
week, which will be used in the place
of grapefruit Contrary to expectations,
the lemon market Is weak. Yve can see
no reason for a break in prices, since j
our heaviest receipts come from Italy. |
and the prospects of her attention being
railed to more strenuous business than'
shipping lemons there is every reason for
the market to hold firm. Watermelons)
should start next week The crop re |
ported short Poultry is firm, with
slightly advanced prices Eggs are about
the same as they have been for some
time."
High.
WHEAT—
May 1.41
1 ew.
Previous
Close. Close.
1
Sat. Net
High.
Low. Close.|C'g'«
May-June
. t5 22
z5 00
JulyAug .
. {5.32
z5 11
Oct-Nov. .
. lb 53' 2
z5 34
Jan. - Feb. .
. ib 68
z5 46
Mch.-Apr. .
. i5.75
z5 56 ! 2
STOCKS.
Rid Asked
Atlantic Ice and Coal Corp. 7fi 78
Atlantic Ice and O Corp., pf »R 84
A and W. P. R. R 148 163
American National Rank .167 106
AGatita National Bank . . .289 209
Atlanta Brew, and Ice. Co. 65 65
Atlanta Trust Company . . 54) 65
Aug. and Savannah Ry 109 102
Central Rk and Tr. Corp... 138 142
Empire Cotton Oil. com 60 61
Flmpire Cotton Oil, pfd 00 62
Fix position Cotton Mills ... 115 117
Fulton National Bank 108 112
Fourth National Bank 279 275
Ge. R. it. and Bk.. guar .247 251
Ga. Ry. and Filer.. pfd., 5p.c. 83 84
Gh. Ry. and HI Co., stamp'd. 115% ]16%
Ga. Ry. and Po. Co . 1st pf.. 69 70
Ga. Ry. and Po. Co.. 2d pf. 16 16
Ga. Ry. and Po. Co., com.... 9 10
la)wry National Bank 224 225
Southern Ice Co. pfd 75 76
Southern Ice Co., com 43 44
Southwestern R. R 100 102
Third National Bank 906 219
Trust Co. of Georgia 224 225
RONDS.
Atlanta Gas Light. 1st 5s . 302’4
All. Ice and Coal Corp 6s.. 92 66
Atlanta 3Vis, 1633 86% 87%
Atlanta 4' 4 b, 1940 109 102
Ga. Ry. and Fllec eons. 5s... 97 99
So. Bell Tel and Tel 5s 96% 97
Ga State. 4%s, new issue. 4 p c. basis
Georgia 44s, 1915 199 100%
Ga. Rv. and Flee. ref. 5s. ... 97*4 98'j
Southern Ry 5s 100 Vs 101
1.26 %
1 20 Vi
July
Sent....
CORN
May
July
Sept ...
OATS-
Ma y
July
Sept
PORK
May....
July....
Sept....
LARD-
May... 6.82*4
July
R T
May l0.57Vi
July 10 67*4
Sept... 10.66
1.36*4
1.261*
1.20*4
1.41
1.26%
1.20%
tMonday; JTuesday;
z8huraday; ^Saturday
) Note—HC
j Saturday.
■"Wednesday:
ollday In Liverpool Friday and
18.05
18.22%
18 57*4
UBS
10.65
19 65
10.92*4
17.62*4 17.92*4
16.15 18.15
18.50 11.50
9.85 9.72*4
6 97% 9.86
6.20 10.10
10.46
10.62 *4
19.92*4 * 10.90
CHICAGO CAR LOTS.
! CHICAGO. Max 26. Following ar#» re-
; eelpts for Saturday and estimated re-
j ceipts for Monday
' Wheat 305 90
Corn 41 59
! Oats ' 72 89
1 Hogs | 10.090 36.000
Cotton seed
oil quotations:
| Opening |
Closing
Spot ....
6.30©6.50
6 66©6.68
January . . .
. . 6.69© 6.70
June ....
. 6.20© 6.45
6.30© 6.35
July ...
6.40© 6 45
6.45'' 6.46
August . .
. 6 60© 6 61
6.62 © 6.6!f
September .
. 6.70# 6.73
6.72© 6. 7.3
6.72© 6.75
October
6.60© 6 74
6 62© 6,73
November
6 69© 6. 7.7
December . ,
6.60© 6 6 67
6.60© 6.68
Closed steady; sales 2.700 barrels.
10.57
10.67'
Jay, Bond & Co. Give
Condition 81.3 and
Cut in Acreage 16.5
NEW YORK, May 29 Jay. Rand *
Co., in their report on the condition of
the growing eotton crop as of May 29
makes the average Indicated condition
81.3 per rent and gives the average in
dirated reduction in arroage at 16.5 per
cent.
The fallowing shows the report by
States.
Condition Average
May 29. reduction
STATES- 1915. in acreage.
North Carolina S* 6
Hout| <*arollna .. 83.1
Georgia 61.8 15
Florida 80.6
Alabama 79.8 18
Mississippi 8?.6
Louisiana 78.4 15
Texas 78.8 17
Arkansas 895 18
Tennessee **7.1
Oklahoma 89.3
Missouri 88.6 16
Total 81.3 16.5
LIVERPOOL GRAIN MARKET.
LIVERPOOL, Mft> 29. Wheat Hosed
% to id off Corn closed unchanged to
*4d off
Paris spot wheat unchanged
Begin to Earn
enough money to
yield you a comfort
able living Get *ut
of the rut and know
what It is to enjoy
real prosperity. Earn
more money In a way
that is pleasant and
healthful. Go Into
the MAGAZINE SUB
SCRIPTION BUSI
NESS Your oppor
tunity is big
Write to
Mr. A. Taylor
' o Hearst's Magazine
119 West 40th St. N|ew York Girv
A If red
Benjamin
Summer Suits
Alfred Benjamin & Co.
America's Foremost Tailors
are well known as having the honor of be
ing' the father of the Summer Suit.
Fortv vears ago—when the Mohair and
Palm Beach suits were not dreamed of—
Alfred Benjamin & Co. made Summer
Suits of their own.
Many others have followed—none have
surpassed.
To-day Alfred Benjamin & Po. make Mo
hair and Palm Beach Suits, with forty
years’ experience.
See These Summer Suits
at Carlton s
Needless to say they are superior in every
point.
Mohair Suits . . $18.50 and $20
Palm Beach Suits
$7.50 and $8.50
English Suits and Norfolks
Carlton Shoe &
Clothing Co.
36
Whitehall St.
1
fl l
1
9
It
ll
Prev
2lon. j
tu
Jiy
9.16 3.15
... 8.99-94
9 04 9 98 9.07-08
8.93-9?
9.10-11
Au
Sp
. 9.15-17
9 36-38
9.18-20
9.38-40
Or
946 9.50
9 40 9.45 9 44-45
9.46-47
Kv
9.52-54
9.64-56
Pc
9 62 3 65
9.61 9 62 9 61 -62
9 62-63
Jn
9.76 977
9.7
3 9.7
3 9 72-73
9.74-75
Mh
P.99 9 90
9.90 9.90 9 93-95
9 95-96
Closed steady
SPOT COTTON
ATLANTA, NOMINAL; MIDDLING
tc.
Now York, quiet, middling 6 60
New Orleans, quiet; middling 9c.
Galveston, easy; middling 9c.
Liverpool; holiday
Philadelphia, nuict. middling 9 65.
Boston. quiet; middling 9.69.
Savannah, quiet, middling 6 26,
Baltimore quiet; middling 9%.
Charleston: middling, 9'4.
Mobile, middling. 8.76
Norfolk, steady: middling V.
Wilmington, middling, 9%
Memphis, steady; middling 9.1*.
St. Louis; middling 9*4
Little Rock; mtddhng. 9<-
Augusta, steady; middling 9 13.
Houston, quiet, middling 6c.
Dallas, quiet, middling a 55
COTTON MARKET OPINIONS
Hayden, Stone A Co.: "There are/so
few Incentives to buy cotton and the
general outlook seems ao unfavorable
that conservative Interests are more in
clined to buy on weak spots for the
time being. When weather conditions
are favorable In the latter part of May
and early June, price* are not apt to
be so depressed that the first unfavor
able turn in weather finds no selling
. power to prevent recoveries. For this
reason many are more disposed to fa
Vor purchases on weak markets than at
tempt the selling side until more is
known about the crop."
• • • ^
M. D. Burnley: "It is rumored the
tone of Germany's reply Is friendly and
no trouble is anticipated I believe cot
ton bought to-day will pay nice profits
next week A bearish Government re
port on condition is expected Tuesdav
and has been discounted. Complaints
of gras»v crops coming from the east
ern belt, where too much rain is fall
ing "
LIVE STOCK.
: CHICAGO. May zfi Hogs—Receipts
W.OQO. Market 9teady and unchanged
Mixed and butchers. $7.690 7 89. good
and heavy, *7 20© 7.75; rough heavy, 17.25
S 7.35. light, *7 M>©7.85 pigs, $6.00© 7 49
ulk. 87.65^7.80
Cattle-Receipts 4<v> Market weak
Reeves. $7.O0©9.25; cows and heifers,
13.30® 8.75 ; Texans, $6 80©7.50. calves.
17.90^9.76
gtieep- Receipts 2 990 Market weak
and unchanged Native and Western
|f 7o©7 70. lambs, $7.50© 19.99. spring
lambs. $8.99© 11.75.
ST LOUIS. May 29 —Cattle-Receipts
890. including 299 Southerns Market
stead \ Native beef steers, $7.50© 9.25.
yearling steers and heifers. $6.00©9.80;
cows. $6.00© 7.50; atockers and feeders.
*6.00® 8.25; calves. $6 00©9.75 Texas
steers $5.25© 8.65. cows and heifers
$4 00 ©6 50
Hogs—Receipts 6.000. Market 5c low-
*r Mixed. $7.75© 7.90 good. $7.80© 7 85
rough. *7.90©7.10. lights. $7.60© 7 90
pigs. $6 25© 7.75; bulk, $7.76© 7 90.
Sheep—Receipts 490 Market lower
fi Clipped muttons, *5.00© 00. gpr;ng
| | lambs, $10.00911.76. clipped Iambs, $6 00
E <&9 :r.
PRIMARY MOVEMENT.
Receipts— Sat, j 1914. ? 1913
Wheat , ! 694.000J>32,000 Holidav
r orn . . . 399.099 414,999'Holldax
Oats 439.999 34 1.999 Holfdav
Bhipmts-
598.099 707,990 Holiday
839 9f*9 534.999 Holida .'
486.900 638.990 Halida \
Adrew Miller
We Move Into TTtese New
Buildings on Tuesday
RUE
• This is a Picture of Our New Premises
122 Whitehall St., Just South of Mitchell St,
To-morrow is the last day of our Big REMOVAL Sale!
T) A n A I AT O' Every article of Furniture and Housefurnishings SAC
£j/-\.r\ Klr\ll VO 1 RIFICED in price—TO MORROW at our old store at
6 and 8 W. Mitchell Street.
MYERS-MILLER
Furniture Company
6 and 8 W. Mitchell St. 2 Doors From Whitehall
■mr m-
For Sale by all Grocers-
Six Delicious Varieties”
\