Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1912-11-01
MARKET REPORTS

: the present advance will be only temporary
and that sales are advisable.
BURNLEy's COTTON LETTER
N. d. Burnley. who represents the firm OF
Dick Bros. Co, has the following TO say
After careful analysis OF the census report
By states and based on the best private in
formation Obtainable, / am convinced that the
ginning figures issued on the 25th represent
fully 50 per cent Of this seasons total crop or
a total maximum yield Of about lSs0OOOO
bales I think Texas has ginned 20 per cent
OF its crop and has marketed i as fast 81 as
ing off In the receipts from this state after
the cotton that Is now moving reaches the
ports.
nv reasons for figuring 50 large a percentage
has been ginned are because each year the
facilities for ginning and marketing the crop
are Improved. and the new way or applying
fertilizer IN instruments natures the plant rap
idly and has turned what promised, In the
eastern belt. 70 be late crop, into an early
one. Already I have heard Of instances In
south Carolina where picking has been com
pleted.
SPOT firms all over the south report an
euormous demand especially FOR good grades.
he bears contend that lack Of inquiry for low
grades Is a depressing factor on the markets
they seem 70 forget that last season and the
previous one, when spinners had bought all the
high grades obtainsble, there was a wild rush
20 buy the inferior grades and they advanced
$40 70 SIS per bale, while the difference mar
rowed materially. IL Is only natural for the
spinner who uses high grade cotton TO get II II
possible. but IL II is not available, be has 20
resort to the lower grsdes, which be has learned
wonderfully good trade is admitted the part
o. splnners on an exceedingly profitable basis
this being true. Why should they defer buying
/ contend that a crop under 100000 is
worth fully $40 per bale more than present val
CHASING value OF a dollar now is no more than
seventy-five cents was ten years ago.
Ny advice Is TO buy some cotton now, and
more on any decline
JOURNAL OF COMMERCE REPORT
NEW YORK. Oct s1.-speciaI reports to
the Journal Of Commerce say cotton continues
10 improve In Texas and Oklahoma, with IA
vorable weather. Picking Is behind year ago.
Frosts have done little damage. Cotton gen
orally sold as fast as ginned. but some are
Texss-weather has been favorable and pros
peots are somewhat better than expected a
mouth ago. No damage has resulted from
frost but the yield from top crop win be very
light In a few localities rains have damaged
quality OF the staple, but as a rule grades
per cent being gathered, against 81 per cent last
year and IS per cent the year before. IL Is
generally marketed as fast as glnned, but
small proportion Is being held. Yield, IL Is
Generally believed will equal last year.
Oklahoma-with exceptionally favorable
weather for the past month, condition Of cot
ton has shown some improvement. The season
Il somewhat late about 50 per cent being pick
I'd AGAINST 90 per cent last year and 81 per
cent the year before. Killing frosts on the
I2d Instant DID no SerlOuo uAudErs NAIcFN ~
touch the TOP crop in some localities, the pros
pects FOR which are only fair. Cotton Is gen
orally sold as fast ginned, and none is being
held Qaulity Of the staple is good
BUTTER. CHEESE AND EGGS
NEW yoz A 5ss' sff fEssss firm; re-
CENTS. 4O.T5o. Creamery extrase SIC;
process extras. 2e62ol5ci Imitation creamery
firsts, 240245se; factory June make crsts.
g3Ik n24c; current make firsts, &c; etate
dairy tubs, finest. 26c good to prime, 2S024ihe;
! common to fair, 22G23e; process extras, - y
g2s4se; nrsts 2ae; seconds 5 as
22a2se: packing stock current make. A922e.
Cheese firm; receipts. ASST. State whole
mix. cOlored, special, 17&91sc; DO average
eIaI. i6% ai7c; DO. average fancy. 16Ae;
state whole milk new. undergrades, 14915Aei
poor to fair, 12a14c; new specials, lg l2e;
new choice. 9E010c; skins, undergradeS. S1h0
Eggs firm, receipts. s.5es boxes. Fresh
gathered extras. S5d3se; finsts, 22h@2S hel
2, 15d16c; fresh gathered checks, prime. is319
le5se; puoo TO fair, 12614c; refrigerator special
nsEks: fancy and local sSorsss' ehasEss PS SS
zoe; DO. dirtiea. 17Gl9c. Hr
CHICAGO PRODUCE MARKET
CBy Associated Press.i -M
CHICAGO. Oct 31.-Butter dun; ereafneries.
ErTs steady; receipts q s5 cases; at mark.
cases inclgded' ls92oe; ordinary nrsts, 2llAe;
cbeeAe steady; daisies. 17ls 617s.c; twins.
1o& @17es young Americas, lTih g1TAe; long
Potatoes s'' steady; receipts So cars; Michigan,
55@4sc;. Wisconsin 45G4se; Minnesota ~
POGltry-Ilve firm; turkeys. ice; chickens,
lie; springs, IKE. s9
Veal steady; s@14c.
KANSAS CITY BUTTER AND EGGS.
CBy Associated Press)
KANSAS CITY. Oct. 3l.-Buftter creamery,
2se; firsts, 2ee; seconds. z4e; packing stock,
EEss-E1trns 25Ae; nrsts. 24He; seconds.
1sc.
SUGAR, PETROLEUM. HIDES AND LEATHER
(By Associated Press.)
NEW YORK, Oct 31.-Raw sugar quiet;
nuscOvado. 50 test. 800; centrifugal, 90 test,
a %; molasSes, 50 test, $50; refined quiet.
Petroleum ana molasses steady.
Hides firm; Bogota, 2sG2se; Central America,
Leather firm.
METAL MARKET
(By Associated Press.)
NEW YORK Oct Shopper unsettled;
is oseD January siss2a14.io sIeefTo SSa
SIT.sT@IT,s7; lake. si7.e2917.sT. Castings,
rnsDliI: spot. November and December
Iesd-Easy. offered $500.
Spelter-Easy, sT.3Od7.4O.
AntimOny-Quiets CooksOns $1,000
IrOn-Firm, unchanged.
MONEY AND. BONDS.
CBy Associated Press.)
NEW YORK, Oct. 81.-Money on call very
strnog, SO as per cent; ruling rate, 50; clos
Ing bid \, offered at z.
Time loans strong; 80 days 81 16o per cent;
90 days o.: months 5hn5A. -..J ~
Prime mercantile paper, per cent.-atsiS 2
Sterling exchange steady, with actual bust
ness in bankers bills at 4sfT5 for 00-day
bills and az 4.S5.75 for demand.
Commercial bills. 4-S1.
Bar silver, 62Ts.
Mexican dollars ASK.
Government bonds, firm; railroad bonds
steady.
CHICAGO CASH QUOTATIONS
CBy Associated Press.)
CHICAGO. Oct. 31.--Cash:
Wheat-NO. red, 81 .O5d1 .Os; No. hard,
slE q 9351e; No. northern, s2Qs2Ae; No. ?
northern, 9Ohde1c; No. 2 spring, 9Od91c;
velvet chaff, S5d9lc; durum, s5d92c.
Corn-No. 2, 59d59Ac; No. 2 white 600
6O5Sc; No. yellow, 591aG60hc.
g~er - . a.. sfsBn