Newspaper Page Text
fi T)
ITEARST’3 SUNDAY AMERICAN. ATT. ANT A', DA, ST'NDAY, MAY 30. 101."
HEDGE SELLING
WEEK'S FEATURE
IT
New York Stock
Quotations
The fololwlng ihow» the highest^ low
est and closing bid, with net changes, on
the New York Stock Exchange Satur*
day:
i
If
Bearish News Dominates, but the
Market Was by No Means Weak
or Seriously Depressed.
MEMPHIS. TENN., May 29 —Bear-
lah news predominated in the cot
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
has 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 he seized, 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 low
er prices.
Delay In Note Against Bulla.
Tn one port alone there are nearly
R00.000 bales of American cotton, and
most of it was thought to be en route
to countries with which Italy is now
at war.
The continuation of the uncertainty
as to the situation between this coun
try and Germany, no answer having
been given to the recent note as to
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 by a German submarine,
did not help feeling any and rather
•trained 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
ditions have been seasonable and
many favorable advices have come,
while there wae 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 ss to percentage.
It Is believed the report will show
around 80, which will compare with
last year’s 73.4, and the 10-year aver
age of 79 8.
New York Cotton FuTuree.
*
W A
n
! 9.38
9.41!
V. iff
‘ 9.37!
1 9.72
9.78*1
9.70
9.73'
9.94
9.98
9 93
9.96
10 01
10 02
9 97'
9.98
10 24
10.25
10.23
10 24 ; 1
wjb
Closed steady
N*w Orleans Cotton Futures
il t
ii
IHIgh I<ow
76*4 74 %
40
35%
51%
46
44‘A
64 \
. I 31 %' 30*4
. 99%; 99 V4
72 I 72
If) 5‘4
35*4
. 30
128
13
16
30
123
' 12*
15*
_8TOGKB—
Amal. Copper
Am. Agricultural.j
Am. Beet Sugar.. 46V
American Can ...! 36$
do, pref ...
Am. Car Foundry’ 52V
Am. Cotton Oil . . 46
American Ice .... ...
Am. Locomotive. 46
Am. Smelting ...' 66V
Am. Hug Ref....I ...
Am. T.-T I ...
Am. Woolen
Anaconda
Atchison ...
A. C. L. ...
R. and O I
Bethlehem Steel 1
B. R. T ..
Canadian Pacific. 166
Central leather . 36
C. and O I
Colo. F. and I...
Colo. Southern ..
Consol. Can ....
Corn Products .
D. and H
Den. and R. G.. .
Distil. Securities . , __ „
Brie 1 25*4 24*
do. pref I 39*1 35)*
Gen Electric .... 152 ’151%
G. North., pfd . . .116* 116*4
G. Northern Ore.' 31*’ 31%
G. Western I ........
Illinois Central
Interboro
<!", pref. . ..
Int. fmrv. (old)
Iowa Central ..
K. C. 8
M. , K. and T.. .
do. pref.
ls»high valley .
L. and N
Mo. Pacific I 11*4! U
N V. Central.
Northwestern
National Lead
N. and W
No. Pacific
O. and W
Pennsylvania
Pacific Mail .
P. Gas Co I ... .1
P. Steel Car 44%! 44
Heading '142*1141%
R. I and Steel..! 27*' 27*|
do. pref 83%I 83%
Rock Island . ..' ....!
do. pref . . . ’ .... 1
8 -Sheffield 1 ....! .. . .!
So. Pacific
So Railway
Clo*. 1 Net
Bid.'Ch ge
j ■
50
46
26 % f %
44 % — 1*4
: 30 + %
45% - *
65 % + %
106 I— %
lit* + %
27 |
31 — %
! 99
104 r
71%
1
105*4 105%
23% 21%'
73 i 71%
136 %|—■
87% -f
165%’— i
36%— i
39% + i
29%!+ *
28 1 . . . .
122%; *
12%— 4
147% ....
i6 i ::::
25*4- >»
39% — *
162 — 1
116%'
31%!-- *•
11 + \
105
22% ....
SILL TRADE IN WHEAT PUT UNDER
SMS; LIST SAGS HEAVY PRESSURE
Speculative Interest in War Or
der Issues Shows Marked De
crease at Week-End.
By CHARLES W. STORM
NEW YORK, May 29.—Busness in
stocks continued restricted this morn
ing, but prices were easier. Rock Is
land opened % lower at 18, but rallied
to 18%. Interboro-Metropolitan made
an initial gain of % at 23*4 and then
yielded to 22%. Tne copper stocks
were fractionally lower, Chino and Utah
both declining %.
There was a marked decrease in apec-
ulative interest in the war order stocks.
No sales were made in the first fifteen
minutes In Bethlehem Hteel or Ameri
can Locomotive, and there were few'
transactions In other issues of the
group. Crucible Steel started % lower
at 27 and Wextinghouse dropped % to
92%. Trifling losses were sustained In
Union Pacific, Reading and Southern
Pacific. Canadian Pacific receded *4 to
155%.
26% 25*4
11%’ 11%
140%’l4O%
84% 84*.
’104V104
107 106%
23 ! 23
do. pref
St Paul
Tenn. Copper . .
Texas Pacific
Third Avenue .
Union Pacific ..
U. S. Rubber. . .
U. 8 Steel
do. pref. .
Utah Copper
V. -C. Chemical
Wabash
do. pref . . .
Westerft Union
W. Maryland
West. Electric .
Wis. Centra! . .
Alaska Gold
Butte Superior .
Bald win Loco.
Cal Pet
Chino Copper
Crucible 8teel .
Cuban Sugar . .
Mex. Pet
Max Moters .
Miami Copper .
Nat Enamel
Pittsburg Coal .
R Island (new)
Rav Consol. ...
Rumley
Studebaker
Texas Oil
88 I 87%'
I 16%) 16%
89
33
88% l
32%
’ 49 I 48%
’I26%ll23* f
63* j 63
‘ 54% 53%
! 106 % 101% *
! 65% 65*4!
m
6 '
25*4
n%;
28 1
140
116 '
11%>
84%;
126*4'
39 ;
101%'
104 *4 ‘
27% I
106%'
22%
113 % 1
44%'
142%'
27%'
83 % I
%
H
31 • |-
88 |
I6%i
49%
88% '
33 ’
15 I
49 !
126%!
62% i
54*'
106%'
65%
30
%! %'
66%! 65%;
93*4! |
i 35%' 34
! 71 ' 68%'
I 41 41 !
'15 ! 15 !
44% 43%
; 27*♦,' 26%'
! 29 i 28%'
I 68 I 67 I
43% 42*4.1
! 25%' 25%'
I 15%' 16%
! 22%' 22 !
' 18%! 17%'
I 23% 1 23
! 4 ! 8%I
I 67 ! 66% !
123 '122' ; .
Total sales Saturday, 169,!
For week, 1,823,000 shares.
Weekly Review of
Atlanta Produce
The Fidelity Fruit and Produce Com
pany, In their weekly letter to the trade,
•ay
While our market has been badly
overstocked on a few itnes, it is in very
good sha|»e 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. W© 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 uh to get satisfactory prices for
their goods Beans, wnlle around |1.25
per drum, are cleaning up daily, re
ceipts are heavy. The potato market
has 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. The low price for beans
has practically stopped the sale of cab
bage; very little demand. The Mo rid ft
celery crop is over, only the green sum
mer variety to be had, which is now
selling at satisfactory prices. Lettuce is
very scarce. I’eppers 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
days.
’’The market Is strong for anything in
fruit, all penches, strawberries / and
cherries selling on arrival at good prices.
There is not enough good stock to supply
the demand. Pineapples from Florida
are becoming more plentiful, hut selling
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 wieek. 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. We can see
no reason for a break in prices, since
our heaviest receipts come from Italy,
and the prospects of her attention being
called 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.”
Weakness in Northwest Causes
Liquidation—Corn and Oats
Also Decline.
Week's Range in
Cotton Futures
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-
day's close:
NEW YORK.
July 49.56 z9 25 9.37-38j
October +9.96 z9 59 9.72-73 1
CHICAGO, May 29.—May wheat closed
%c lower to-day after a wide fluctua
tion on scattered liquidation. There was
also considerable selling of the deferred
months, the weakness rn the Northwest
being a factor.
Com was %c to %c lower. There was
fair commission house buying at times.
The incessant rains caused some alarm,
which was reflected in moderate outside
buying, hut the weakness in wheat wm
against holders and prices were a lit
tle easier.
Cash sales were 95,000 bushels of corn,
includlpg 60.000 bushels for export. Oats
were %c to l%c lower with otner grains.
The heaviness in wheat was a factor.
Cash sales were 116,000 bushels, includ
ing 90,000 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:
December ,
January
Sat. ! Net
High 1 Low Close. C’g's
-1
-1
*1
-2
.1 + 10 17 z9 80 9 95-96
t10 21‘z9 85 9 98-99
High.
WHEAT—
May 1.41
July 1.26%
Sept 1.20%
CORN-
May
July
Sept
OATH—
May
July
Sept
PORK—
May.. ..
July....
Sept
76%
76%
77%
51%
60
44%
Ix>w.
1.37
1.25
1.19%
74%
76*4
Previous
Close. Close.
18.05
18.22%
18.57%
Lard—
May... 9.82%
July.... ....
Sept
RIBS—
May.... 10.57%
July... 10.67%
Sept.. . . 10.95
50%
49%
44%
17.92%
18.15
18.50
9.76
10.55
10.65
10.92%
1.39%
1.26%
1.20%
74%
76%
77%
50%
49%
44%
17.92%
18.15
18.50
9.85
9.97 %
9.20
10.57%
10.67%
10.92%
1.41
1.26%
1.20%
75%
76%
77%
51%
50
44%
17.92%
18.15
18.50
9.72%
9.85
10.10
10.45
10.62%
10.90
Wheat ....
. . .1 305
90
Corn
... 41
50
Oats ....
. . . 72
80
Hogs ....
. . .| 10.000
39.000
Jay, Bond & Co. Give
Condition 81.3 and
Cut in Acreage 16.5
NEW YORK, May 29 -Jay. Bond *
Co., in their report on the condition of
the growing cotton crop as of May 20
makes the average Indicated condition
81.3 per cent and gives the average In
dicated reduction in acreage at 16.5 per
cent.
The following shows the report by
States.
Condition Average
May 20, reduction
STATES- 1915. in acreage.
North Carolina 88.6
South Carolina F3.1
Georgia 81-8
Florida §0.6 14
Alabama 79.8
Mississippi 82.6
Louisiana 78.4 15
Texas 78.8 1<
Arkansas 80.5 18
Tennessee *7.1
Oklahoma 80.3
Missouri 88.6 ^ 16
Mch |t10.46 10.10 10.23-24!)
NEW ORLEANS.
| I i Sat. ; Net
(High Low Close.IC’fl’s
July .
Oct. ,
Dec. .
Jan. ,
Mch. .
f9 40 *8 97 9.97-08
t9.71 *9.30 9 44-45
+9.87 *9 48 9.61-62!
.'+9.92 *9 62 9.72-73'
|f10.13 *9 90 9.93-95'
*
—3
—2
—1
—2
—2
LIVERPOOL.
High, j Low.
| Sat. ! Net
IClose.lC’g’e
May-June . .!
July Aug. . .
Oct-Nov. . .|
Jan.-Feb. . J
Mch.-Apr. . .
15 22
i5.32
*5 53>/ 2
15 68
$6.75
z5.00
z5.11 I
z5.34
Z5.49
iz5.56' ' 2 \
fMonday; ‘Tuesday; *Wednesday;
z8hursday; ^Saturday.
Note—Holiday In Liverpool Friday and
Saturday.
CHfCAGO CAR LOTS.
CHICAGO. May 29.—Following are re
ceipts for Saturday and estimated re-
Atlanta Securities j
STOCKS.
Bid.
Atlantic Ice and Coal Corp 76
Atlantic Ice and C. Corp., pf. 83
A and W. P. R. R 148
American National Bank... 197
Atlanta National Bank 280
Atlanta Brew, and Ice. Co. 66
Atlanta Trust Company .... 50
Aug. and Savannah Ry 100
Central Bk. and Tr. Corp...138
Empire Cotton OH. com 60
Empire Cotton Oil, pfd 90
Exposition Cotton Mills ....115
Fulton National Bank 108
Fourth National Bank 270
G*. R. R. and Bk., guar. ...247
Ga. Ry. and Elec., pfd., 6n.c. 83
Ga. Ry. and El. Co., stamp'd.115%
Ga. Ry. and Po. Co., 1st pf.. 69
Ga. Ry. and Po. Co.. 2d pf. 15
(3a. Ry. and Po. Co., com.... 9
Lowry National Bank 224
Southern Ice Co., pfd 75
Southern Ice Co., com 43
Southwestern R. R 100
Third National Bank 2%
Trust Co. of Georgia 224
BONDS.
Atlanta Gas Light. 1st 6s... 102%
Atl. Ice and Coal Corp. 6s.. 92
Asked.
78
84
153
199
290
65
55
102
142
61
92
117
112
275
251
84
116%
70
16
10
225
76
44
103
210
225
95
Atlanta 8%s. 1933 86% 87%
Atlanta 4%s, 1940 100 102
Ga. Ry. and Elec. cons. 5s... 97 99
So. Bell Tel. and Tel. 5s 96% 97
Ga. State, 4%s, new issue..4 p. c. basis
Georgia 4%s. 1915 100 100%
Go. Ry. and Elec. ref. 5s. ... 97% 98%
Southern Ry. 5s 100% 101
COTTON SEED OiL.
Cotton seed oil
quotations
“1
Opening.
Closing.
Spot
6.30ft 6.50
January .....
6.60@6.70
6.66$ 6.68
June
6.20ft 6^45
6.30ft 6.35
July
6.40ft 6.45
6.45' 6.46
August . . . .
6 60ft 6.61
6.62ft)6.63
September , . .
6.70ft’6.73
6.72ft 6.73
October ....
6.69ft 6.74
6.72ft 6.75
November
6.6215 6.73
6.60ft 6.73
December . , .|
5.60ft6.6.67
6.60ft 6.68
Closed steady; sales 2,700 barrels.
Begin to Earn
enough money to
yield you a comfort
able living. Get eut
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-
SCRIITION BUSI
NESS Your oppor
tunity is big.
Write to |
Mr. A. Taylor
c !o Hearst’s Magazine
119 West 4#th St. New York City
Alfred
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.
Forty years 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 & Co. 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. Whitehall St.
Total
81.3
LIVERPOOL GRAIN MARKET.
LIVERPOOL, May 29.—Wheat closed
% to Id off Corn closed unchanged to
%d off w .
Paris spot wheat unchanged.
....T. . .18 90 - 1
I jly 9.15 9.15 9 04 9 08 9 07 <
I >U | 9 16
Sp I j ! i 9.34-
‘ Or 9 46 9.50 9 40 9.45 9 44
• Nv ! I ! 9.52-
IV 9.62 9.65 9 61’ 9 62 9 61
Jn 9.76 9 77 9 73 9 76 9 72-
laih 1 9.90 9.W 9 9c: 9 90 9 93-
Closed steady.
8.93
9.10-
9.18-
9 38-
9.46-
9.64-
9.62-
9.74-
9.95-
SPOT COTTCN,
ATLANTA, NOMINAL; MIDDLING.
•c.
New York, quiet, middling 9 60
New Orleans, quiet; middling 9c.
Galveston, easy; middling 9©
1 Liverpool, holiday.
Philadelphia, quiet; middling 9 65.
Boston, quiet; middling 9 60.
Bavannal), quiet; middling 9 26.
Baltimore, quiet; middling 9%.
I Charleston: middling, 9%.
Mobile; middling, i <5.
Norfolk, steady; middling 9c.
| Wilmington; middling. 9%
Memphis, steady; middling 9 13i
&t. Louis; middling 9%.
f Little Rock; mlddhng, 9c.
I Augusta, steady; middling 9 18.
4 Houston, quiet; middling 9c.
I Dallas, quiet; middling 8.55.
COTTON MARKET OPINIONS.
Hayden, Stone A Co.: "There are so
‘ few Incentives to buy cotton and the
general outlook seems so unfavorable
.that conservative interests are more 1n-
. cllned to buy on weak spots for the
• time being When weather conditions
I are favorable in the latter part of May
sand early June, prices are not apt to
'be so depressed that the first unfavor
able turn In weather finds no selling
|power to prevent recoveries. For this
muon many are more disposed to fa-
. vor purchases on weak markets than at
tempt the selling side until more is
’known about the crop.”
• • •
1 M. D. Burnley: "It is rumored the
tone of Germany's reply is friendly and
TiO trouble is anticipated. I believe cot-
«ton bought to-day will pay nice profits
•next week. A bearish Government re-
iport on condition is expected Tuesday
MLnd has been discounted. Complaints
lof grassy crops coming from the east-
|#rn belt, where too much rain is fall-
[ing "
LIVE STOCK.
CHICAGO. May 29— Hogs—Receipts
|,<KK' Market steady and unchanged,
ed and butchers. IT 50©7.80; good
. heavy, |7.20©7.75; rough heavy, 87 25
.35; light, IT 50©7.85; pigs, 16.00©7.40.
;u |7.65 ©7.80.
Cattle—Receipts 400 Market weak
eves. 17.00ft 9.25; cows and heifers.
!0<fi8.76; Texans, |6.50ft7.50; calves.
,00ft 9.75.
Sheep—Receipts 2.000 Market weak
sand unchanged. Native and Western.
/18.75ft 7.70; lambs, |7.50©'10.00; spring
{lambs. OOft ll.75.
JTST LOUIS, May 29.—Cattle—Receipts
S800, including 200 Southerns. Market
(Steady Native beef steers, 17.50ft9.25.
.yearling steers and heifers. 16.00ft9.80;
$6.00ft7.50; Stockers and feeders,
calves, 16 00ft 9.75; Texas
25ft 8.65; cows and heifers, j
| Hogs--Receipts 5.000. Market 6c low-
*r. Mixed. 17.75^7.90; good. |7.80ft7.85;
?©Ugh. I7.00ft7.10; lights. |7.60ft 7.90
Mga. $6.25ft 7.75; bulk, $7.75ft7 90.
Sheep—Receipts 400 Market lower,
ipped muttons, |5.00ft 6.00; spring
hff. llO.OOftll.i5; clipped lambs. $9.00
PRIMARY MOVEMENT.
Even at the Sacrifice Removal Prices, Myers-Miller
Will Divide Your Payments—Tf You Wish!
A. L. Myers.
Andrew Miller
We Move Into These New
Buildings on Tuesday
f Receipts —
Sat. 1914. ! 1913
Wheat . . . .
. . 694.000 532,000 Holiday.
. . 399,000 414,000 Holiday.
. . 430.000 341.000 Hoiidav.
^ Shtpm'ts—
t
. . 508.009 707,000 Holiday.
. . 630 000 534.000 Holiday.
. . 4S6.000 638.000 Holiday
This is a Picture of Our New Premises
122 Whitehall St., Just South of Mitchell St.
___ r To-morrow is the last day of our Big REMOVAL Sale!
ID A Fj g* A ¥ AT Q ! Every article of Furniture and Housefurnishing-s SAC-
jD/l A Y O ] 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 Whirehall