Newspaper Page Text
22
FACT AND GOSSIP
IN BUSINESS
WORLD
By B, C. FORBES.
NEW YORK. May 3 The head of an
Important stock exchange firm said to me
the other day In answer to a suggestion
that he should do a certain thing:
■I would gladly do it. but ft might [
be construed as an act of antagonism
toward the money power
"I thought you were dependent upon no |
one. that you ran your business on your |
own capital?” I replied
"That's true We have money .
enough to carry on our affairs, but
©• "asionally when we are carrying
Is o amounts of stocks for customers
we find It convenient to borrow tem
porarily But even were this not so
I could not afford to do anything
■ gainst the powers that be. You
ought to know that i
"So there Is a money power. J
queried
He looked at me quizzically
"You did not come down to the
■treet for the first time yesterday.
Therefore I need not replt to that
question "
"Kind of humiliating position for a man
of your standing to be in.” I ventured
"But what can >ou do about if ' he
asked
Then he changed the subject
• • •
Rome tlm“ l( . an art'cle appeared In
this tolumr, on :!■■ text that there t- not
a n.onet trust, but that there is a nmne?
power A publ her of works on finance
a week or two later wit •■ discussing the
contents of this column from da> to da'
“Os 'ourse 1 took it for granted that
wha' . , wrote about there being a
rnone?. p"" ’ "inspire d. he
■ Inspired’ ■ I asked, puzzled
whom f ’h- *'■ lour people. Im r«
plied Hid was the very first innuendo
I had ever heard that anything appearing
in this column was "inspired. Ihe as
persion was rathet humiliating. e-pe<ial '
as it came from a responsible source I
had Imagined that these simple comments
en economic matters were at least
Straightforward. that they rang true, that
the' breathed s.mtrelt ami that they
bore no earmarks of having been ma
chine-made. out to nicer ami according
to samples s tpplied * *
Lest some others harbor similar Ideas,
muj I he allowed here and now to pat
“your people” the compliment of an as
eurance that never tn even the remotest,
the most roundabout or any other wat
have they sought to influence by one
hair's breadth a single word here writ
ten Common Justice demands sm-h a
tribute II Is a tribute that could not
with equal honest' be paid by writers on '
every paper in New York city When,
however, such tolerance, sm-h broadmind
edness is shown, is It not rather galling
to have sinister motives Imputed to one's
employers?
• • •
When, therefore, the vu-w Is here ex
pressed that there Is a money power it
means that such a view is conscientious
ly believed to be founded on fact The
Interview reproduced in the first para
graph is not drawn from Imagination
Nor were the statements made l»\ an
avowal enemy of the mono power. They
are statements such as an} banker or ‘
broker of note in New York city could
make were he to speak his mind indeed,
similar remarks are as common ns (’ur- i
reney in Wall Street. Since the proposal
to investigate conditions came up quite a
number of financial people have expressed ,
their cordial (though seen’) approval
The yoke has become irksome Rather,
the consciousness that an offending step
might bring disastrous reprisals is grow
ing more bittet and unbearable
• • •
Bankers not hand in gl oc with the i
money power are yearning to be able t<-
call their souls their own The.' fond I.’
hope that something will be done 10 re
Store to them that sense of st uni} manli-
Dess which is every man's birthright.
• • •
Their hopes, however, are not gener
ousb blended with confidence The} can
not p-e<iribe a sure reined} The s\s
Tern is s * subtle, so intangible, so word
less and wireless, so much a thing “felt’
in the atmosphere. a spirit rather than .» i.
body, a consciousne rather tian a .
thing of fle.-'i and blood How can you
grin such an offender againsi fra. pla\ .'
There is nothing to put the finger ipon.
nothing to p<»n tw and declare “This
is the motif' power It is u thout form,
yet fat ft ■ n bring void Invisible a the
vind. it i- a- powerful, on occasion a.
flighting
• • •
Merely because < thing ts Invisible must
Its ex.stence be denied'’ We an not net
the air we breathe
• • •
Messrs Intermjcr and Farr. tr are
promised the widest possible scope in < on
ducting their Investigation They should :
be able to unearth mm' ~f interest, al
though the air', unwritten ways of the
money jstwet will be hard to i>,.i! to the
counter The revolt against financial
everlordism has not vet become open and
■vowed, but circumstance may M shape
themselves that a Strong lead will be
taken in throwing off the yoke Let Wall
Street rise up in arms, let there be con
certed action under inspiring leadership
■nd the money power ma' fall, as .ill ty
rants fall sooner or later yt the mo
ment deliverance is not within sight, but
the investigations may beget the neces- .
■ary courage
COTTON MARKET OPINIONS
Hayden. Stone ,<■ Co. It Is still a
weather proposition.
Logan & Bryan: Prices are not un
reasonably higl
Pell #1 Co, Cotton may be bought on
any decline
J S. Bache & Co We feel that a fur
ther break is not likely, and advise the
purchase of ’he distant positions on any
further decline
Stemberger Smn Co We think a
further rally should take place.
ESTABLISHED 1861
The Lowry National Bank
OF ATLANTA, GA.
CAPITAL - $1,000,000
SURPLUS - 1,000.000
Designated Depository of the United States,
County of Fulton, City of Atlanta.
INTEREST PAID ON SAVINGS
COTTON UMS
ON BEAR SALES
Reports of Favorable Weather
Cause Realizing and Aggres
sive Selling at Close.
NEW YORK. May 3 The cotton inar
; ket opened steady today, first prices un
changed to 1 points lower. There was
little activity owing to the continued un
settled weather over the belt and the fail
ure of forecasted heavy rains to rnate
| rializ ■ After the call traders offered cot
|ton rather freely.
The ring crowd selling and a trio of the
! big operators were hammering the rnar
• ket in the late forenoon and were suc
l • essful in forcing sharp declines all along
the line At 2 p in. prices ranged 9to 16
I points below the previous close.
The visible supply of American de
<ro.nse<| 211.86? bales, against a decrease
' 170.640 last year and a decrease of 156,-
' 15:» the >ear before Other kinds de
i < re;»scd 1:5,000. against an increase of 8.-
■ ' H >O last year and an Increase of 8,000 the
pear before The total visible supply de
creased 236.827. against a decrease of
162.640 last year and 147,159 the year be
fore.
As on Thursday there was an advance
In the last hour <»n short covering which
tarried ogices 5 to 7 points above the
low levels, leaving the dose steady 10 to
15 points lower than last night.
visible supply:
1 £1 2 I 1911 ! i910~;
American .. 3,233.997, 2,336,724 2,181,197
other kinds 1.195,000 1,185.000 1.192.000
Io all kinds 4.928.997 3.521.724 3.473.197
World ■ spin nei b ta kings.
1912 19U
I'«.r the week 315.000 225,000 ” 238,000
Since • c I 0,812,000 9.687.000 s.xii.oen
Movement into sight:
jj 12 ~ J 911 ; 1910
O’rland. wk 18,150 ' 7.287: ‘ 9.201
Since Sept. I 883.981 861.958' 718,733
Into s t . w k 1 12.580 54.914 83.316
Since Sept. I 14,745.677 11,241,560 9,619.570
So ronsump 40.000 37,000 42,000
tenor movement:
L9U mi 19iO
Ret eipts 54.044 35,257 28,789
Shipments 84.517 70,257) 52,501
Stocks 306.402 296 3111 345.402
RANGE JN NEW YQRK~>UTUREB.
»«. » ? ig
1 ~ I 0 Be ‘5
[O|X |>J Jen] O C.O
Muy Of,: 10. g&ii0.92[10.91 ? 93 11 0«-07
June l#.#B-95 11.06*08
luly 11 13 11.1710.9 k 1t.03:i1.03-04ni. 16-18
Aug 11.19 11.20 I 1.05:11.0511 06-07:1 1.19-20
b'l'i 11.05 11.00 11 00 11 0.3-05.11.14-15
'><■l 11.23 II 25 11.05 1 1.13 11 12-13 11.23-24
No' II 23 II 21 11.23 11.23 11 13-15 1124 26
l"'< 11.31 II .'ls 11.15 11.22 11.22-23 1 1.32-34
bin 11.24 11.28 II 12 11.16 11.15-16 11.27-28
C'b I|. 15-18 11.27-29
MCh II 31 IL3« U 20|n.25111.25 [11,86
Closed sfendy.
1 ivcrpoul cables were due 4'4 to 6
points higher Opened quiet at 4 10 4',
advance \t 12:15 p m. was very steady
at a net advance of 5V4 10 644 points.
Spot cotton in good demand at 9 points
advance; middling, 6.37; sales, 10.000; |
speculation and export, 1.000. including I
9.000 American; imports. 13.000, Including
11.800 American. Tenders new docket
3.00(1 bales; old docket 16.000 Later ca
bles reported a decline of 2 points from
tho above.
The <dose was easy with prices 14 to
1 1 . points shove the previous closing
RANGE IN LIVERPOOL FUTURES,
Futures opened steady.
Range 2 P. M. Close. Close
~ Opening. pre,
. 6,14*4 612 6.1014
May- lune 6.14'4-6.17 6.15 6.12 6.10'2
■ lime .July 6 |f, -6.1714 617 613 612
July-Aug. 617 -6.19 6.18 6.14 6.13
Aug-Sepb 6.16 -6.17 6.16 612 6.11 '4
Sept.-(let. 611 1,-6.10>4 612 60S 6.07
"ct -Nov. 6.08 -6.10 6.09'4 6.05'4 6.04'4
Nov -I>ec. 6.071 t 6.08'4 6.07 604 6.03
Dec.-Jan 6.0714-1; 08 6.08*4 6 02'4
Jon Feb 607 -6.0714 6 07'4 6.03*4 6.02*4
Feb-Meh. '107'4 6n< 6 03'..
Meh -Apr. 6.09 6.OSS 6.05 6.0314
Closed easy
HAYWARD < CLARK’S
DAILY COTTON LEITER
\i:\V "RI.IiANS. May 3 The greatest
danger Io the trade now seems to be
exaggerated an<l false weather news.
Judging front private reports received yes
terday afternoon, on which the market
was worked up. the whole belt was
flooded, whereas In fact there were only
scattered showers, mostly In Mississippi,
though heavy al some points The map
this morning shows partly cloudy to
elomly but no rain In western states, and
scattered showers in the central belt
Indications are for partly cloudy, and
probably scattered showers, which In the
greater part of the holt are considered
beneficial
Liverpool barely followed the recovery
in our market, spots 9 points higher, sales
10.000 bales.
There was more general buying in cur
market this morning, based on prospects
"f unsettled showery weather, and In
anticipation of bearish mill takings in
th<- afternoon visible statement. The
market, however, depends largely upon
support in New York, and as tills did not
pppear promptly, prices dropped 12 points
on little selling The political sltual.on in
liis country is now also more freely men
'oned in discussions of future price pros
peets.
* crop inspector wires the following in
regard to the delta: 'Memphis. Tenn.;
Magnolia. Jackson, Grenada to Memphis
through Hill section of Mississippi, farming
preparations very backward. Verv Utile
cotton up .Much land not plowed Soil in
poor condition. Grenada to Memphis not
more than 60 per cent plowed. As a
yr hole, poor start.”
’ifficial rain records name only five
points In entire licit as having had a
" i'vy rain yesterday , and 'bese are ail tn
Ibe same limited area in lhe lower cen
tral licit from which we have heard of
•heavy rains right along The favorable
conditions prevailing in the greater por
tion of the belt seem to be overlooked
RANGE IN NEW ORLEANS FUTURES.
! ” !"j ’ P
11.46 11 52 11.44 fl.ol :1T44-4611i' 46U8
■Bine . .11.46-48 11 48-50
litlv 11 58 11 63 11 45 11.55 11.55-56 11 57-58
Vug 11 46111 46 11.40 II 40 1 1.40-42i1l 43 45
S 'J'< ■ 11 33-35 11.37-39
< "t 11 28 11 36 1118 II 27 11 27-28 11.33-34
: x, ' v 11 24-27 1 1.31 -35
l>et 11 32 11 39 11 30 11.30 11 30 31 11 34-35
: lan 11 35 II 40 11 33 1133 1 1.32-33 11 36-37
I I'eb 11 35-38'11.39-42
■ Hat 11 52 114811171148 11 38 41 U 41-42
Closed .Mead}
INTERIOR MOVEMENT.
I 1912. | 1911.
Houstonl 890 ! 1 OUt
■Memphis. l 1...61 595
'' 1-ouisl 1.259 314
' nt Ir.catt .... 138 476
Little Rock 91
! Totar~ ~~ ~~~♦•j'Ss : 27H9~
'THE ATLANTA GEORGIAN AND NEWS: FRIDAY, MAY 3. 1912.
) NEWS AND GOSSIP
Os the Fleecy Staple
(From Hayward Clark.)
j NEW YORK, May 3. Carpenter. Bag
' got & Co.: Hutton. Waters. Frederick
i son and New Orleans brokers were best
1 buyers after the cal! Selling was scat
tered
Dallas, Texas, wires; “Texas generally
cloud} and warm; no rain. Oklahoma
generally fair.”
Following tare 11 a m bids: May,
10.94: July. 11.07; October, 1115, Decem
ber. 11 23; January, 11.1«
Estimated receipts Saturday;
1912 1911.
New Orleansl,3oo to 1,500 2.965
Galveston .. .2.000 to 3,000 490
NEW ORLEANS, May 3. —Hayward *
Clark The weather map is favorable
Fal r In the north portion of the belt
partly cloudy to cloudy elsewhere, warm
everywhere. 38 rain at Memphis. .56 at
Jackson. /6 a’ X’icksburg and 60 at Me
ridian. Indications are f<?r partly cloudy
to cloudy, possibly some scattered show
ers
Europe sold distant deliveries. Market
very nervous. Little outsole business.
New York wires. “Quite featureless
market Expect good spot demand later.
A cable say s continents I purchases were
supplied by Anglo-American houses.’’
Fort Smith, Ark., wires: “Settled
wra flier with showers predicted past
three days have not materialized We
have had sunshiny weather instead
River rose to 28 feet, but 35 necessary to
<ause overflow Nou falling Planting
general and not. a day late Acreage not
reduced.
official records so far show that rain
reports on w’hich the market
was advanced, were exaggerated. Re
ports so fur show that no general rains
occurred; only’ isolated showers, heavy at
some places.
Neu Orleans Times-Democrat Again
the market appeared friendless. but
around Ihe day’s low levels support de
veloped and when the talent learned that
the continent was buying actual cotton
in the New Orleans market, that export
ers were buying May contracts here, and
that rain was falling In some sections of
the central belt, the aspect of things
changed, and the market climbed 22
points higher than the bottom. Os course,
bulls immediately exploited their belief
that the sharp decline had been brought
about by sentiment rather than by’ the
facts of the general situation, while bears
spent their time explaining that the
weather is not nearly so bad as claimed
and that progress of a marked character
is being made in many sections. Addi
tional crevasses are further complicating
the situation In the Mississippi valley and
many of the reports from sections in Ala
ha ma and Georgia, and portions of the
west are not establishing fresh confidence
in the new crop promise, though good
stands are reported by other sections.
SPOT COTTON MARKET.
Atlanta, nominal; middling 11’4
New York, quiet; middling 11.30.
New Orleans, quiet; middling 11 9-16.
Liverpool, firm; middling 6.37 d.
Savannah, nominal, middling 11’4.
Augusta, steady; middling 11%.
Mobile, steady; middling 11%.
Galveston, quiet; middling 11%.
Norfolk, steady, middling 11’4.
Wilmington; nominal
Little Rock, quiet; middling 11%
Charleston, nominal; middling 11’4.
Louisville, flrm; middling 11%.
Philadelphia, steady , middling 11.55.
Boston, quiet; middling i 1.30.
Baltimore, nominal; middling 11%.
Memphis, steady, middling 11%.
St. Louis, .steady; middling 11%
Houston, steady; middling 11 11-16.
Louisville, firm; middling 11%.
PORT RECEIPTS.
The following table shows receipts at
the ports today compared with the same
day last yatr:
1 mi j ml.
New (>rlaens . . . ,| 1,618 ' 2,534
Galveston 1.306 1.509
Mobile 167 2.180
Savannah 2,581 1,862
Charleston 710 354
Wilmington .... 82 1.103
Norfolk 1.453 491
Baltimore. 122 370
New York 1 750
Brunswick 1,181 50
Pacific coast. ... 650
Vapouh 220
Total j 9,614 | 11,221 "
THE WEATHER - 1
Condition.
WASHINGTON. May 3. The weather
will he unsettled except for showers to
night and Saturda} in the upper lake and
western lower lake region, ’he Ohio val
ley, the east gulf and Rout hern portion
of the South Atlantic s’ateß. In New
England and the middle Atlantic states
the weather will be fair.
General Forecast.
Virginia Fair tonight and Saturday’
North Carolina Fair tnnigh’ and Satur
da y
South Carolina Generally fair tonight
and Saturday
Georgia Local showers tonight or Sat
urday
Florida—-Unsettled; showers tonight or
Saturday*
Alabama —Showers tonight nr Saturday.
Mississippi -Showers tonight or Satur
day.
ATLANTA LIVE STOCK MARKET.
(By W. H. White, Jr., of the White Pro
vision Company.)
Quotations based on actual purchases
during the current week-
Choice to good steers, 1.000 to 1.200, 5.75
(fiG.OO. good steers, 800 tn 1,000, 5 501/ 5 75.
medium to good steers. 700 to 850, 4 75@
5.50; good to choice beef cows. 800 to 900,
4
to 800, 4 25(g'4 50. good to choice heifers,
750 to 850. medium to good
heifers, 650 to 750.
The above represent ruling prices of
good quality of beef catt’e Inferior
grades and dairy types selling lower
Mixed common steers, If fat, 700 to 800.
4 00di 4.75. mixed common cows, if fat. 600
to 800. 3.50<u 4 00; mixed common bunches
to fair. 600 to 800, 2.50(0 3 25; good butch
er bulls, 3 35®3 50
Prime hogs. 160 to 200 average. 7
8 00; good butcher hogs, 140 to 160. 7 50'S
7 75. good butcher pigs, 100 to 140, 7.30(g)
7.50; light pigs. 80 to 100, 6 heavy
rough nogs. JOO to 250.
Above quotations apply tn corn-fad
hogs Mast and peanut fattened hogs,
l%c and under
Moderate supply of cattle Prices have
ranged a shade higher on best grades of
ted steers
A few loads of mixed short fed cattle
were on the yards this week, which sold
readily at prevailing quotations, with a
few of the best selections an eighth to a
quarter higher than prices quoted a week
ago.
Market generally is considered strong
and active
Hog receipts about the same as last
week. Market steady Yards keep sold
right up tn arrival with nothing carried
over
NEW YORK PRODUCE MARKET.
NEW YORK. Max 3. Wheat steady.
July $1.16%t?J 1 16%. spot No 2 red $l2O
in elevator. $ .22% f. o. b. Corn dull.
Nn 2 in elevator nominal, export No. 2
nominal f o. b , steamer nominal. No.
4 nominal <>ats easier; natural white
62%^64 I s. white clipped 64’- (0 66 1 -. Rye
steady. No 2 nominal f o b New York
Barley quiet; malting c. i. f
Buffalo Hay strong, good to prime $1 40
fa 1 70. poor *0 fair 1 a0 Flour
easier, soring patents $5 60*7 5.90. straights
dears $4 60h5. winter patents
15 90*7 6 10. straights $5.2«5(a 5,50. clears
<4 75'a5
Beef quiet, family $16.50*/ 18.50 Pork
firm, mess sl9 75*T2l 25. family S2O 25<§
2L50. easier; city steam 10v, -.710%.
Tallow steady, city (in hogsheads) 6 l 3
country (in tierces’ 6576%
METAL MARKET.
NE*W YORK. May 3 —At the meta’ ex
change today trading was
Quotations: Copper spet 15
May to June. 15 50 z a 15.62% . July and Au
gust. 15.50@15.60. lead 4.10'a 4 17%. tin.
44
SHARP DECLINES
INSTOCKPRICES
Steel Common and Reading,
Most Active Issues, Show
Losses in Heavy Market.
By CHARLES W. STORM.
NEW YORK, May 3.—Rejection of the
anthracite operators' tentative peace
agreement by the men caused heaviness
among the hard coal car-ylng railroads
at the opening of the stock market to
day Reading, the most Important of the
hard coalers, opened at 176. % lower
than Thursday's closing, and within a
few minutes its net loss had reached one
point Lehigh Valles’ was off *s.
Canadian f’ae|fi c showed pronounced
strength on bullish operations In London,
opening at 256V4, a gain of 1L» I'nlted
States Steel common lost H.
The entire list was heavy. Among the
initial declines other than those men
tioned were: Amalgamated Copper >i.
Baltimore and Ohio *,. Atchison *4.
I'nlon Pacific was weak, losing I*6 on
vigorous selling.
Southern Pacific was unchanged
The curb was firm.
Americans in laindon held steady, but
operations were sluggish.
In the late forenoon the tone was
heavy, and the prices of May Issues
showed losses of 1 point or more from
yesterday's close. The trading element
on the floor regarded strike developments
as a sufficient Inducement for aggressive
bear operations. Steel common and
Heading were prominent In the down
ward movement. American Cotton Oil
and American Can were strong, advancing
more than % each.
There was vigorous selling In the mar
ket this afternoon, the market making
sharp declines, and for the first time this
week there was evidence of speculative
liquidation on a heavy scale I’nlon Pa
cific was forced down 1 point to 170%
and a loss of over 1 point was sustained
In Reading, bringing It 3 points under
Thursday’s closing. One of the most im
portant market factors was the with
drawal from the bull position of an ele
ment that has been aggressively ad
vancing prices since shortly before
March 1.
Stork quotations;
ILast I Clos iPrev
STOCKS— (High Low tSaie.l Bid.lCl’sa
Amal. Copper.l 84% 82%1 83 82%
Am. Ice Sec..l 24 23%l 23%l 23%
Am Sug. Ref.: 139 128% 128% 128%: 130
Am. Smelting 87% 84%! 84% 84%! 86%
Am Ixtcomo.. 1 44 42% 42% 42%: 44%
Am. Car Fdy.J 60% 58*/ z 58%' 58% 60%
Am. Cot. Oil .. 57% 55%l 55%' 55%i 55%
Am. Woolen ...I ... . I 28 I 28
Anacondal 42% 42% 42%: 42%: 42%
Atchison 107 105%%05%:105% 105%
A. C. L1140%140%1140% 140 140%
B R. T 83%i 83 I 83 : 82%< 83%
B. and O(Ill |lO9 109 108%1111%
Can. Pacific .. j256%1255%125r>%:255% 255%
Corn Products : 16%: 15%l 15%i 15% 16%
C. and OI 79%| 78% 78% 78 79%
Consol. Gas . . 145%: 143% 1 43% 143 145%
Cen. Leather < 26% 25% 25% 25% 26%
Colo. F. and J 1 30% 27% 27% 27% 29%
Colo. South... ... I 44 44
I', and H 172 170 1170 170 172
Hen. and R. G. i ....! 22% 22%
Distil. Secur...l 32% 32%! 32% 31% 32'4
Erie 36% 34% I 35% 85 36%
do. pref .. 54% 54% 54% 64% 55 ‘,
Gen Electric .1167 167 1167 167% 169
Goldfield Cons.! 4% 4% 4% 4% 4%
<l. Western ..I .... 19 19%
G. North., nfd.:132% 130% 130% 130% 132%
G North. Ore.' 39% 39% 39% 39 40
Int. Harvester 116% 116% 1116% 115% 116%
111 Central ...129% 129 129 128 129%
Interboro ■ 18%l 19%
do, pref. .. 57% 57 57 ! 56% 57%
lowa Central 12% 12%
K. C. South.. 25% 25% 25% 25 I 25%
K. and T| 28%j 29
do, pref 61% I 61 %
L. Valley. . . 169% 167% 167% 166'4 169%
L. and N. . . 159%:159% 157% 1.57%T59%
Mo. Pacific 42% 40% 41 %! 41 I 42%
N. Y. Central 119%!117%|118 1117%i119%
Northwest. . . .'42 1142 |142 1141% 142
Nat. Jjead . .] 58 I 67% 57%| 67% 68
N. and W. . . 113% |112% 1112% 112 % 1113 %
No. Pacific . . 121 % ! 119%1119%|119 121
". and W. . .: 39% 39%| 39% 39 i 39%
Penn.. . . x 1124 % 123% 1123%' 123 %il 26
Pacific Mail . ...I ....I ....! 32% 33%
P. Gas Co. . . 111% : 111% 111%:1O8 1111
P. Steel Car .1 35%| 35 I 35 I 34% I 35%
Reading . . . 176%!172% 1172% 1172% 176%
Rock Island . 287 a | 27% 27% 27%: 29
do. pfd.. .56 56%l 55%l 55%: 56%
ft I. and Steel 24 1 23%! 23% 23 24
do. pfd.. . JBO 80 180 [79 [ 80%
S.-Sheffield. .’ 51%i 51%! 51%' 50 I 52
So. Pacific . . 112%!109% 110 i109%1112%
So. Railway. .[ 29% 28 [2B ' 28%; 29%
do. pfd.. . .} 74% 74%[ 74%l 73% 74%
St. Paul. . . 109%1107%|108 .109 109%
Tenn. Copper j 44%‘ 43 43 142 44%
Texas Pacific ....I ...J 22 24*4
Third Avenue !38 38 138 37% 38%
I nion Pacific 172 1168% 169 169% 172%
P. S. Rubber 58% 58 [SB 57%! 58%
I'tah Copper i 63%j 63 ! 63%| 62%| 63%
D. S. Steel. . I 71*4 «!» 69% 69 [ 71%
do. pfd.. . . 113%1112%112% 112% ! 112%
V. Ghent. .! 62%! 51%l 51% 51% 51%
West. I'nlon . 83% 82%‘ 82%! 82%: 83%
Wabash... . . 8% 8 8 I 7% 8%
do pfd . . . 20%' 20% 20% 20%i 20%
West. Elec .76 75 75 74% 76%
Wis. Central ...J ....I ... ‘ 54%' 54%
W, Marylandl_6l%' 61%: 61% 60% 61
x-Ex-dividend 1% percent. Total sales,
843,400 shares.
MINING STOCKS.
BOSTON, Maj’ 3.—Opening: East
Butte. 13% Superior and Boston. 2%:
Shannon. 14. Centennial, 24; Mason Val
ley, 12; Hancock, 35%; Trinity. 7%.
LOCAL STOCKS AND BONDS.
Bld. Askofl
Atlanta * West Point R R.. 148 145
American National Bank .... 205 no
Atlantic Coal & Ice common. 100 103
Atlantic Coal & Ice pref 98 96
Atlanta Brewing & Ice C 0... 175
Atlanta National Bank .... 326
Central Bank & Trust Corp . •49 ign
Exposition Cotton Mills ’6B 165
Fourth National Bank 226 930
Fulton National Bank 120 199
Ga Ry * Elec stamped... . 127 ijg
Ga. Ry. & Pow. Co., common 28 31
do. Ist pfd 82
do. 2d pfd 44 46
HiHyer Trust Company 125 730
Lowry National Bank 245 248
Realty Trust Company 108 no
Sixth Ward Bank 99% 101
Southern Ice common 72% 74
Third National Bank, new .. 200 21 j
Trust Co of Georgia 213 214
Travelers Bank & Trust Co.. 125 126
BONDS.
Atlanta Gas Light Ist 6s ... 104% ...
Georgia State 4%5. 1915 .... 101 10J
Georgia Midland Ist 3s 60 61
Ga Rv * Elec Co ns 101% ...
Ga. Ry & Elec, ref 5s 99 99%
Atlanta Consolidated 5s 104 ...
Atlanta Northern Ry 6a.... 96
Atlanta City 3%5, 1931 91 93
Atlanta City 4%5. IS2I 103 105
Southam Bell 5s 99% U(%
POULTRY, BUTTER AND EGGS.
NEY\' YORK. May 3 Dressed poultry
stead' , turkeys. 13(6 22; chickens.
fowls. 11S--JJI7: ducks. geese, 11
'•7 If* Live poultry weak; fowls. 14
(asked’; turkeys. 13 (asked); roosters, in
(asked); ducks. 14 (asked); geese, B@9.
Butter easier, creamer} specials. 33
(bid); creamery extras. 32’ ? (bid); state
dair v , tubs. 25'0'32; process specials. 27’‘»
'<i 2S
Eggs steady; nearby white fancy. 22 1 -
T 23 brown fancy. ?IY7 21’ 5 . extra
firsts. 21’2'7 22. firsts.
Cheese firmer: white milk specials.
'(7’s'4. whole milk fancy. 15’4(615’ ? .
kirns, specials. (hid), skims, fine. 10
'ulO 3 ! full skims. 7(08.
NAVAL STORES.
SAV ANNAH May 3—Turpentine firm
at sales. 200; receipts. 747
Rosin firm, receipts. 1.853, water white,
$7 07’- 2 - window glass $7 05. N
M 1? K. «7. I. S7. H. $7. G. $7. F, $7;
E. 66 so. D. $6.60, C. B. A, $6.40.
WHEAT GOES UP
EDWARD CLOSE
Corn Irregular, With May and
September Lower and July
Higher—Oats Lower.
ST. LOUIS CASH QUOTATIONS.
Wheat—No. 2 red 119 @l2O
Corn 89 @ 82%
Oats 571 4
CHICAGO, May 3 Wheat opened high
er with prices ranging from % to %c bet
ter In the different options. The tone
was strong Buying by shorts was a large
strengthening factor. Those who sold out
yesterday were on the buying side this
morning. Early offerings were small.
Hrm cables and light Northwestern re
ceipts added to the strength Trade was
light. Liverpool t-ame % to %d higher,
against our tieclines of yesterday.
Corn was a shade better. The tone
was easy on better weather in the belt
and large Argentine shipments.
I Oats were up *,c. Trade was very
small and features were lacking
Provisions were stronger, although hogs
were off 5c at the j'ards. Trading was
extremely dull.
"Wheat closed with a strong tone and
with prices showing net gains of % to %c
with May the strongest spot. Firm ca
bles and bullish reports were the main
influences.
Corn closed weaker with prices off %
to %c in toe > "ious options. Liquida
tions by lo ig... > as the main factor.
Oats were also weaker. Prices were %
to l%c lower at the finish. Market about
the same as corn.
Provisions showed but little change at
the close. The market, was featureless.
CHICAGO GRAIN MARKET.
Grain quotations:
Prev.
Open. High. Low. Close. Close.
WHEAT—
May. 1.14% 1.15% 1.14% 1.14% 1.14%
July.. 1.10% 1.11% 1.10% 1.10% 1.10%
Sept.. 1 07’, 1.08 1.07% 1.07% 1.07
CORN—
May.. 79% 80 79% 79% 79%
July... 77% 77% 76% 76% 77%
Sept... 75% 75% 74% 74% 75%
Dec... 64% 64% 62% 62% 64%
OATS—
May.. 56% 57% 56% 56% 56%
July... 54% 54% 52% 52% 54
Sept... 44Z 44% 43% 43% 44%
PORK—
May.. 19.00 19.00 18 85 18.85 18 95
July. 19 30 19 40 19 17% 19 17% 19.27%
Sept. 19.45 19.55 19.32% 19.32% 19.40
LARD—
May. 10.95 10.95 10.85 10.85 10.87%
July. 11.05 His 11.05 11 ns 11.07*4
Sept. 11.25 11.35 11.22% 11.22% 11.27%
Dec 11.35
RIBS—
May. 10 25 10.25 10 25 10 26 in. 22%
July. W. 42% m. 47% 10.37% in. 37% 10.40
Sept. 10.62% 10.77% 10.60 10.60 10.65
ARGENTINE SHIPMENTS.
This Last I,a st
Week. Week Year
Wheat . . . .2.392,000 4,496,000 3,288,000
C0rn1,683,000 782,000
CHICAGO CASH QUOTATIONS.
CHICAGO, May 3. Wheat, No. 2 red,
$1.14%@1.16%; No. 3 red. $1.12@1.14; No.
2 hard winter, $1.15@1.17; No. 3 hard
winter, $1.13@1.15; No. 1 northern spring,
$1.18'0'1.19; No. 2 northern spring, sl.ls'ti
1.18: No. 3 spring, skll@l.l6.
Corn. No. 2, 80%; No. 2 white, 80%@81;
No. 3 yellow, 80% @80%; No. 3, 78@78%;
No. 8 white, 79%; No. 3 yellow. 78%®79;
No. 4, 74@74%; No. 4 white, 77@77%; No.
4 yellow, 75@76%.
Oats, No. 2 white, 58@58%; No. 3
white. 57@57%i No. 4 white, 56%@57;
Standard, 57%@58.
CHICAGO CAR LOTS.
Following are receipts for Thursday and
estimated receipts for Friday•
I Friday. ( Saturday.
Wheat 10 r 30
Corn 152 216
Oats : 83 130
Hogs 18.00011,000
LIVERPOOL GRAIN MARKET.
Wlieat opened %d to %d lower: at 1:30
p. m. was %d to Id higher Closed %d
to %d higher.
Corn opened %d to %d Hower: at 1:30
p. m. was %d lower to %d higher. Closed
%d to %d lower.
NEW YORK COFFEE MARKET.
Coffee quotations:
I Opening. I Closing.
Januaryl3 80®
February!
Marchl3.Bo® 13 83[13.81® 13.82
Aprill3.Bo® 13.85 13.81 ® 13.83
May 13.45 13.49®13.51
Tunej13.55@13.7013.54@13. 60
Ju1yH3.65@13.75H3.60ffi13.68
Augusttl3.7s@ 13.85 13.74@T3.76
Septemberl3.Bl® 13.83 13.82® 13 83
October. . . . . 113.50@13.84 13.81® 13 S 3
Novemberll3 SO® 13.90[ 13.80® 13.82
December13.814713.83,13.80® 13.81
Closed steady. Sales, 11,000 bagsT
COTTON SEED O(L.
NEW YORK. May 3. Carpenter. Bag
got & Co.: The cotton seed oil market
was firm during the early trading, with
prices higher on good buying and small
offerings. Some of Insiders appeared dis
posed to anticipate a reaction on the
theory that outsiders had bought at the
top.
Cotton seed oil quotations;
I Opening. 1 Closing
5p0t7.38@7.45
May7.33@7.38 : 7.39®7.40
June7.30@7.34 ' 7.32(8-7.35
Ju1y7.36@7 37 I 7.340 7.36
August 7 43@7.45 I 7 3907.41
September7.44o7.4s 7.4007 42
October 7.4007 41 1 7.3807.40
November 6.8406.88 : 6.7506.77
December . ... 6.6006 85 6.50 0 6.75
Closed easy. Sales. 32,300 barrels?
LIVE STOCK MARKET.
CHICAGO, May 3.—Hogs—Receipts,
21.000. Market 5c lower. mixed and
butchers. $7.25@7.72; good heavv, $7 55®
7.72; rough heavy, $7,250'7.50; light. $7 25
@7 65; pigs, $5.5007.10; bulk. $7 550 7 65
Cattle -Receipts. 2.000. Market strong,
beeves. $5.85@9.00; cows and heifers. $2.50
@ 7 80. Stockers and feeders. $4 86 0 6.90;
Texans. $6.0007 90. calves. $6.5008.50
Sheep Receipts. 5,000. Market steadv;
native and Western, $5.0009 00; lambs?
$6.75010.35.
HEINZE? SHY OF CASH,
COULDN’T BUY WHOLE
BLOCK OF COPPER
NEW YORK. May 3—At the Ex
change Salesrooms in Vesey street 4.000
shares of I’nited Copper common were
offered at auction. This stock was
brought out several years before the
panic of 1907 by F. Augustus Heinze
and sold as high as S7B a share. The
boom collapsed with the failure of Otto
Heinze & Co.
Among the bidders was Arthur P.
Heinze. The bidding ' started at 62
cents and Heinze finally bid in the en
tire block at $1 a share. He tendered
a check for $4,000. but the auctioneer
declined to accept it, explaining that
the rules required a payment of ten per
cent in cash Heinze had only $52 in
his pockets. The stock was then put in
smaller blocks and Heinze bid in 500
shares at $1 a share, and put up the
required ten per cent cash. The re
mainder was sold at between 99 cents
aaid sl.Ol a share.
ATLANTA MARKETS
EGGS—Fresh country candled, 19020 c
BUTTER—Jersey and creamery, tn lite,
blocks, 2;%®25c. fresh country. 15@17c
per pound
DRESSED POULTRY—Drawn, head ■nd
feet on. per pound Hens, 17(018c; fries,
25(027c Roosters. °'aloc. Turkey!, ow
ing to fatness, 18@20c.
LIVE POULTRY" Hens. 40 / 0 , 45c-. roost
ers. 25'035c: fries 30^50c: broilers.
ducks. 35@T40c: Pekin ducks.
40'0'4 »c; geese, 75*^85c each; turkeys, ow
ing to fatness. 15<z’6c.
FRUITS AND PRODUCE.
FRUIT ANI- VEGETABLES- Lemons,
fancy, $4.00(04.50 per gga. Florida
oranges. $3.00'0 3.50 per box Bananas,
per P°” n d Grape fruit. SS.OO«S>
koo pe r rrate Cabbage. 3V 2 c per pound
Florida cabbage, 53.50 per rrate. Pea
nuts, per pound, fancy Virginia,
oE Ce ’ Beans. round green
Florida celery,
$2.00'02.50 per rrate. Squash, vellow, per
six-basket rrates. $1.50/0 2.00 Lettuce,
fancy. $2.00'02.50; rbnjre, $1 50(02.00 pet
crate. Beets. $3.00(0'3 50 per barrel Cu
cumbers, $1 00(0 1.50 per crate English
peas, per drum. ?1.50*0 2. New Irish pota
toes. per barrel. s6.oo'o' 00- per barrel.
Strawberries. per quart.
Egg plants.
per. $2.00(02.25 per crate Tomatoes,
fancy, six-basket crates, $2 50(0'3 00;
toln atoes. $i.75(5)2 00. Pineapples,
$3.d0(04 00 per crate. Onions,
per bushel. Sweet potatoes, p yam, $1 50
aA 3 r ’ er bushel Cranberries. $11.00(0
12 00 per barrel; 50c per gallon.
PROVISION MARKET.
(Corrected by White Provision Co.)
Cornfield bams. 10 to 12 lbs average,
lf»C.
Cornfield hams. 12 to 14 lbs average
16C.
Cornfield skinned hams, 16 to 11
average. 16’ 2 0.
11 picnic hams, 6 F lbs. aver-
Cornfield breakfast bacon. 23c.
Grocer style bacon (wide or narrow).
17c.
Cornfield fresh pork sausage (link or
bulk), 25-lb. buckets. 12c.
Cornfield frankfurters, 10-lb. buckets,
age. 10c.
Cornfield bologna sausage, 25-!b. boxes,
Pc.
Cornfield luncheon hams, 25-lb, boxes,
lie.
Cornfield spiced jellied meats In 10-lb.
dinner pails, 10c.
Cornfield smoked link sausage, 25-lb.
boxes, 9c.
Cornfield smoked link sausage In pickle.
50-lb. cans, $4.25.
. Cornfield frankfurters In pickle. 15-lb
kits, $1.50
pickled nigs feet. 16-lb kits.
Cornfield pure lard (fierce basis), 12%c.
Country style pure lard, 60-lb tins only,
12c.
Compound lard (tierce basis), 9%c.
D. S. extra ribs, Il%c.
D. S. rib bellies, "medium average,
12%c.
D. S. rib bellies, light average, 12%c.
FLOUR AND GRAIN.
FLOUR- Postell's Elegant, $7 50; Gloria
(self-rising), $6.26; Victory (finest pat
ent), $6.50: Faultless, finest. $6.25; Swans
down (highest patent), sb.9O; Home
Queen (highest patent), $5.75; Puritan
(highest patent). $5.75: Sun Rise (half
patent), $5.35: Tulip flour, $4.50; White
Cloud (highest patent), $5.50; Diadem
(highest patent), $5.50: Farm Bell. $5.40;
Paragon (highest patent). $5.75: White
Lily (highest patent), $5.50; White Daisy,
$5.50; Southern Star. $6.35; Sun Beam,
$5.35; Ocean Spray (patent), $5.35.
CORN-Tennessee—White, red cob,
$1.12; cracked, $1.05; yellow. sl.lO.
MEAL- Bolted. 12-lb. sacks, 92c: plain,
144-lh sacks, $1.00; 96-lb. sacks. $1.01;
48-lb. sacks. $1 0.1; 24-lb. sacks. $1.05.
OATS —Fancy white clipped, 75c; fancy
white, 74c; mixed, 69c.
COTTON SEED M EAl>-B(ickeye. S2B.
COTTON SEED HULLS—Squat* sacks,
$lO 00 per ton.
FEEDSTUFF.
SHORTS—Halliday white, 100-lb. sacks.
$1 95; fancy, 75-lh. sacks, $1 90; r. W.
f- ■!■ ■■■■■in ■—■■i ■■—mfiiwnn,. - --t---- ..
“Used, but Useful”
I Articles may be ' turned into money” through
the simple alchemy of THE
GEORGIAN Want Ads.
Results Produced by Using Three-Time Ads.
Want Ad Rates 1c a Word
; Both Phones 8000
; Classified Advertising Dept.
j THE ATLANTA GEORGIAN
Looking in the Right Place
T TOW many thousand pairs
AJ- of eyes do you suppose
“search” The Georgian Want
Columns every day?
Georgian want ads cost lit
tle but accomplish much.
Both Phones 8000
75-lb. sacks. $1.85: Brown, 100-lb. sacks,
$1.75; Georgia feed, 75-lb. sacks, $1.80;
bran. 75 and 100-lb sacks. $1.70; pure 75-
lb. sacks. $1.70; Homcoline, $1.85; Germ
meal. Homco. $1 80; sugar beet pulp, 100-
Ib. sacks, $1.55; 75-lb sacks, $1.60.
CHICKEN FEED—Beef scraps. 100-
pound sacks. $3.50; Purina scratch, doz
en pound packages. $2.35; Purina pigeon
feed, $2.35; Purina baby chick. $2 30: Pu
rina chicken chowder. per barrel.
$2.35; Purina Chowder. 100-pound sacks,
$2.15; Purina scratch. 50-lb. sacks, $2.25;
Purina scratch, 100-lb. sacks. $2 lo; Suc
cess baby chick. $2.10; Eggs, $2.20; Vic
tory baby chick, $2 ? n : victory scratch,
50-lb. sacks. $2.25: Victory scratch, 100-
lb sacks. $2.15; Chicken Success baby
chick. $2.10; wheat. 2-bushel bags, per
bushel, $1.40; Rooster chicken feed, 50-lb.
sacks. sl. ovsmrsheil 80c.
GROUND FEED—Purina feed. 175-ib.
sacks. $2.00; Purina molasses feed, $2.06;
Monogram, 100-lb sacks, $1.70; Victor? ,
horse feed, 100-lb. sacks, $200; Milka
dairy feed. $1.80: Arab horse feed. 100-lb. r
sacks. $2.10: alfalfa molasses meal. $1.75;
alfalfa meal. $1.50.
SEEDS (Sacked) -German millet
$1.55; can seed, amber. $1.65: cane seed,
orange. $1.40; Wheat (Tennessee), blue
stem. $1.40; rye (Georgia) $135; Applet
oats, 85c; red rust proof oats. 72c; Burt
oats, 75c; Texas rust proof oats, 70c; win
ter grazing. 70c: Oklahoma rust proof.
50c: blue seed oats. 50c
HAY Per hunared weight: Timothy,
choice large bales, $1.80; Timothy, choice
third bales. $1.60: Timothy No. 1, small
hales. $1.75; alfalfa hay, choice, $t 65:
Timothy No. 2. $1.50; Timothy clover
mixed, $1.45; clover hay, $1.50; alfalfa
hay. choice, $1.50; alfalfa No. 1, $170;
alfalfa No 2, $1.25: peavine hav, $1.20-
shucks, 70c; wheat straw, 80c; Bermuda
hay. SI.OO.
GROCERIES.
SUGAR--Per nouns, standard granu
lated. 5%c; New York refined. 5%c; plan
tation. 6c.
COFFEE Roasted (Arbuckle's). $24.25;
AAAA. sl4 50 in bulk; In bags and bar
rels, $2 10; green. 19c.
MISCELLANEOUS—Georgia cane syrup
38c; axle grease, $1.75; soda crackers, 7%c
--per pound, lemon crackers, 8c; oyster. 7c’
tomatoes (2 pounds). $2 case; 3 pounds
$2 75; navy heans. $3 10; Lima beans, 7%c-
Shredded biscuit, $3 60; rolled oats. $4 per
case, grits (bags), $2.20: pink salmon.
$5.10 per case: pepper, 25c per pound; R
E Lee salmon, $7.50; cocoa, 38c; roast
beef, $3 80; syrup. 30c per gallon. Sterling
ball potash. $3 30 per case: soap. $1 50@4
per case. Rumford baking powder, 12 69
per case.
RlCE—Head. 4%@5%c: fancy head, 5%
@6%c. according to grade.
LARD- Silver leaf. 12%c per pound-
Soco, 9%c per pound; Flake IVhtte. 9%c ’j
per pound: Coftolene, $7.75 per case:
Snowdrift. $6.25 per case.
CHEESE Fancy full cream, 22c.
SARDINES —Mustard, $3 per case; one
quarter oil, $3.
SALT -One hundred pounds, 48c: salt
brick (plain), per case. $2 25; salt brick
medicated), per case, $4 85; salt red rock
100 pounds, $1; 25-lb sacks. 16c.
FISH.
FlSH—Bream and perch, 6c per pound
snaptier. 9c per pound; trout, 10c per J
pound; bluefish, 7c per pound; pompano. ■ I
25c per pound; mackerel, 16c per ' |
pound; mixed fish, 6c per pound: black '
bass, 10c per pound; mullet, $ll.OO per
barrel. Georgia roe shad, 60c each;.buck 1
shad, 30c each; roe Hicks, 20c each; ”
Florida roe shad, 35c each; bucks, 75a
each; herring, 1c each.
CRABS Hard shell. 30@35c per dozen «
OYSTERS Per gallon: Plants, $1 50(3 .
1.60. extra selects, $1 4001.50; selects, 1
$1,250)1.40; standard, $l@1.10; reepers, 900 I
@I.OO.
HARDWARE.
PLOWSTOCKS—HaIman, 95e; Fergu
son, $1.05.
AXLES —$4 7507 per dosen, base.
SHOT—S 2 25 per sack.
SHOES—Horse, $4 5004.75 per keg.
LEAD—Bar, 7%c per pound.
NAILS-Wire, $2.65, base.
IRON—Per pound. 3c base; Swede t%o.