Newspaper Page Text
FACT ® RFIRSIP
IN BUSINESS
MRI.R
By B C. FORBES.
NEW YORK. May 7.—Conditions, un
fortunately, have gone backward. The
farts, briefly, are:
Crain prices have advanced In conse
quence of floods and other unfavorable
de\elopments. Cotton has become dis
tinctly dearer.
Trade improvement has not fulfilled ex
pectations. due partly to unseasonable
weather The failure of the steel corpo
ration to earn its common stork dividend
has created a bad impression.
Politics have upset all calculations and
are row breeding grave uncertainty in.
financial circles
Labor troubles are still more or less
unsettling
Yet until Friday the stock market per
sisted in ignoring unpleasant develop
ments The sharp break may mean only
a desperate attack by professional bears.
Then again, it max - prove portentious of
more sobering speculative happenings.
The head of a leading international
banking house thus summed up the situa
tion to me a day or two ago:
“Why should any one look for a stock
market boom lust now? Agriculture has
been disappointing. So has the business
revival that set in six weeks ago. Poli
tics are at sixes and sevens and will
cause us all to wait —at least we will not
venture to bring forward very large
plans. The investment demand at pres
ent is quiet, but one of the best features
is that money has become quite easy
abroad, and is also plentiful here. Br
and-by we will he able to bring nut a
considerable amount of new securities.
But for a while prudence suggests going
slowly.”
That, to my mind, contains much wis
dom
Os course, most of the adverse happen
ings are likely to prove of only tempo
rary effect. Crops can easily turn out
record-breakers; industry may brighten
up at. any moment, especially if warmer
weather be enjoyed; the political ka
leidoscope may become more cheerful,
and investors, tired of leaving money
lying at unremunerative rates in institu
tions, may enter the market and assim
ilate many millions of bonds, stocks and
the now popular short-term notes.
Labor negotiations will bear watching.
Rejection of Coal Agreement.
The rejection of the coal agreement
drawn up by joint sub-committees was
not encouraging Certainly the operators
succeeded in reducing their concessions
to a minimum, and those workers who
had confidently expected a substantial
victor' did have ground for dissatisfac
tion. At the same time the immediate
decision of the full committee not to
throw in their allegiance with their col
leagues was a serious step Had the
owners refused to stand by the sub-com
mi’tee s agreement, what then'.’
The significance of the appointment of
an arbitration commission of seven mem
bers to adjudicate the Eastern locomo
tive engineers’ dispute can not be exag
gerated
Has a wav at last been found to avoid
hasty, ill-considered strikes? Are the in
terests of rhe public finally to receive
some slight consideration?
May Mark End of Strikes.
Let. the experiment have a happy out
come, and who can foretell the future
conseouenres? The day of strikes should
end even as the danger of war between
nations should no longer hang as a
stifling cloud over a civilized world.
The fresh demands made upon the rail
roads. this time by firemen, have not
feme as a surprise to the managers, for
did they not it press upon the engine
drivers that the granting of their requests
would be the signal for an uprising
among other employees all along the
line 0
From the public’s standpoint it is well
that the entire railroad situation be in
vestigated by an unbiased body of capa
ble citizens Genuine, widespread pros
perity could not be enjoyed by the T'nited
Stares were her railroads- her largest
spenders, be it remembered to be crip
pled to the verge of bankruptcy So im
portant a section of the economic body
could not be wounded without weaken
ing the whole system.
Stock Market Setback.
Concerning stocks, little can be said
with confidence. Certain financiers of
note believe that a setback is inevitable.
The'- have not bought at the high prices,
nor do they find their friends eager to
load up. Commission houses declare the
public has not inundated them with
orders.
The inference is that speculators pos
sessing both cash and courage have been
chiefly responsible for the spectacular ad
vances. Outside conditions were more in
their favor a month ago than they are
now.
But six months hence —the period
which Wall Street traditionally looks
ahead —fundamentals (such as crops,
trade' mon®” polities) are more likely to
Pe on the side of the bull than the bear.
Between now and then squalls of some
severity are probable
HUB TALLEY BEATS
WOMAN ON HEAD
WITH BEER BOTTLE
told Recorder Broyles to
day that Hub Talley, one of Atlanta's
noted police court characters, brutally
beat a woman in the head with a beer
bottle, while L. M. Patton, of 239 Ira
street, a. companion, stood by with a
pistol and prevented any one else from,
taking the woman s part
Talley was fined $100.75, or 30 day.-,
and was bound over to the state courts
in bond of SSOO on the charge of assault
and battery. Patten was fined $100.75,
or 30 days, each in two cases, and was
bound over in bond of SSOO on the
charges of assault and battery and car
rying a pistol without a license.
Billie Burnett, of 74 Thurmond street,
the woman who was beaten, exhibited
cuts on her head which she said were
made by the beer bottle.
Talley has figured many times in po
lice court recently, following various
kinds of escapades.
Louis B. Magid & Co.
Investment Bankers
1014-1034 Ganiler Buildin?, At anla. Phoms In 4458-4453
EXPF.RTSFEIRING
FOli COTTON CROP
Rain Causes Ruin, and Only
Fair Weather Will Bring Out
put Near Usual Mark.
Agricultural experts are agreed that
the fate of Georgia's cotton will be de
cided within the next ten days.
J. J. Connor, newly appointed com
missioner of agriculture, sees no hope
for a fair crop unless the weather clears
and stays clear for the next two weeks.
■ The cotton crop of Georgia depends
upon the weather for the next ten
days." he said. "If no rain falls dur
ing that time and the land dries out so
that it can be plowed, Georgia should
have a fairly good crop. If rain falls
during the next ten days, even moder
ately. the cotton crop of the state will
be practically ruined.
Situation Is Desperate.
"I really think that the situation is
the most desperate we have seen in
Georgia in years. To raise a fair crop
we must have ideal weather from now
until September. Planting is five weeks
behind in some sections, and in many
counties no plowing has been done. If
it is rainy during the next ten days the
Georgia farmer will do well to abaadon
cotton and turn to corn and hay."
Mr. Connor's opinions on cotton con
ditions are shared by all experts who
have had a chance to travel over the
state and view the extraordinary condi
tions.
Half Crop, Says Hudson.
T. G. Hudson, former commissioner
of agriculture and candidate for gov
ernor, said that he didn’t think that
even with weather conditions ideal from
now on that Georgia could possibly
raise more than 50 per cent of the 1911
crop.
R. J. Meading, a planter of Dublin,
said the same thing. He thought the
crop in south Georiga would be cut in
half and a great many farmers would
turn to other crops in desperation.
It is said that farmers throughout the
state are in a panic. Many of them are
entirely dependent upon cotton and are
not familiar with other crops. In many
places hay and corn and other quick
crops will go in instead of cotton.
Bankers, real estate men, cotton buy
ers and business men are taking a de
cidedly pessimistic view of the situa
tion. The majority of them believe
that the cotton crop will be smaller
than any raised in Georgia in twenty
years. Whether this is true or not, the
best experts maintain, will be decided
practically in the next ten days.
AUTOISTS GET READY
TO TAKE PART IN BIG
HILL-CLIMB SATURDAY
Interest in the hill climb of the At
lanta Automobile association to be held
on Saturday afternoon is growing as
the date for the meet draw's near. The
motorists ifi. and around Atlanta are
talking hill climb and boosting the en
durance and speed qualities of the dif
ferent machines and the prediction of
those who follow closely the motor do
ings of the South is that this contest
will eclipse anything of its kind ever
held.
Secretary Elleby is busv listing the
entry blanks and the other members of
the committee are working out the final
details of the meet
Preparations are also being made for
the first annual hill climb of the At
lanta Automobile and Accessory asso
ciation.
Another feature that is causing no
little interest and will undoubtedly
prove, a drawing card are the motor
cycle events. For the first time in At
lanta, motorcycles will compete in speed
contests up a long steen hill for prizes
of considerable value.
Following are the list of donors of
cups and trophies: Aiax Grieb Rubber
Company, Atlanta Georgian, Atlanta
Constitution, Atlanta Journal. Diamond
Rubber Company, Empire Tire Com
pany, B. F. Goodrich Company, Fire
stone Tire and Rubber Company, Fisk
Rubber Company, Goodyear Tire and
Rubber Company, Kelly-Springfield
Tire Company, Motor Era. Republic
Tire Company. Studebaker Corporation,
United States Tire Company, E. Rivers
Realty Company, and for motorcycles
Elyea-Austell Company, Gus Castle
and Alexander Seewald Company.
NEW PATENT DIKES MAY
HEM IN THE MISSISSIPPI
GADSDEN, ALA., May 7. -N. H.
Sewell, a prominent real estate man of
this city and a former resident of New
Orleans, has been called to Washington
to confer with the war department en
gineers relative to patents he holds on
a new system of dikes designed to be
used along the lower Mississippi river.
Mr. Sewell marie the plans years ago
and spent $25,000 in building' demon
stration dikes which have proven a suc
cess in the recent floods. The gov
ernment was not interested until re
cently, when the flood water com
menced to sweep over the rich parishes
of Louisiana.
NAVAL STORES.
SAVANNAH, May 7.—Turpentine firm
at 48; receipts. 1.251.
Rosin firm; receipts. 3.060; water white.
*7.12’?; window glass. $7.10; N. *7.07’40
7 10; 51, $7.05; K. $7 05; I, $7 05; H. $7; G.
$6 950.7; F. $6.9006.95; E. $6.60, D, $6.35;
C, B. A. $6.1006.25.
THE ATLANTA GEORGIAN AND NEWStTUESDAY. MAY 7. 1912.
NEWS AND GOSSIP
Os the Fleecy Staple
(From Hayward ft Clark )
NEW YORK. May 7 —Carpenter. Bag
got & Co : Local crowd selling on the
theory that the market is advancing too
rapidly, but buying is good by commis
sion houses. Springs. Hayden and Wall
Street.
The Journal of Commerce says a June
rise of th" Mississippi river to come after
the present floods is being talked of
Dallas. Tex . wires: "Texas, eastern
portion clear; north and south partly
cloudy; west cloudy. Light rain at Big
Springs to Midland; heavy Midland to
Odessa. Oklahoma, partly cloudy and
cccl; light showers in the south and east.”
Following are 11 a m bids: May 11 47,
July 11.59, October 11.75. January 11.83.
Estimated receipts Wednesday:
1912. 1911.
New Orleans 7,000 to 9.000 6.098
Galveston 1,000 to 2.000 2,339
NEW ORLEANS May 7 HaywarJ &-
Clark: Cordill wires from Memphis:
"From Magnolia, Brookhaven. Jackson to
Memphis, through the hill section of Mis
sissippi. conditions are unsatisfactory to
distinctly poor. Preparations are back
ward, little cotton up. and much of the
land not yet prepared. From Winona.
Grenada to Memphis not more than 60
per cent of the land has been plowed, and
of the plowed lands most of it was plowed
too wet.
"Os the delta, any report now would be
worthless until the water subsides. The
weather so far this week has been fa
vorable. and work is being pushed rapidly
in the hills, but there is a great deal of
land too wet to plow. The start in Mis
sissippi is very backward.
"Comparisons: Last year the soil was
well prepared and most of the farming
preparations were about completed at this
date, much cotton up and corn worked
out. Heavy rains the latter part- of April
caused much delay In the delta, but was
easily overcome. At present very little
corn or cotton has been planted.
"Warm weather is badly needed for the
nex’ ten days This entire sectibn. in
cluding Tennessee and east Arkansas,
has entirely too much ram for the past
two months."
The New Orleans Times-Democrat:
With the exception of two days only,
rains have fallen in the cotton belt every
day during the past three months. Con
sequently the crop, more than usual, is
dependent on a dry May if it is to re
ceive anything bordering on good culti
vation Yesterday, the sixth day of May.
brought forth a wet weather map and de
tailed reports showing heavy rains over a
very large and important cotton produc
ing area. The forecast called for more
rain, and while Washington's long dis
tance prophecy called for about normal
precipitation in the Southern states dur
ing the week, the trade as a whole real
ized that any rainfall now can not but
fail to increase crop troubles, not reduce
them. True. Texas is sending in favor
able reports concerning the progress of
the crop in some portions of that State,
but little or nothing is heard of favorable
progress from any other section of the
neb. Georgia. Alabama. Louisiana, Mis
sissippi. Arkansas and Tennessee have
had so much moisture that the ability of
the farmer to keep ahead of the grass is
questioned in many quarters. As yet a
large number of farmers have been unable
to stick a plow in the ground.
COTTON MARKET OPINIONS.
Miller & Co.: The weather artillery is
certainly on the side of the bulls at pres
ent. and It seems as if only a recurrence
of favorable conditions can spike their
guns
Haydet. Stone ft Co.: Prices are likely
to work to new high levels.
J. S Bache & Co.: Advise caution in
buying at this level.
Bailey ft Montgomery: Radical change
must come at once to prevent anything
but a small crop
Pell & Co.: Do not believe in the short
side.
Springs & Co.; Look for an irregular
market.
Thompson. Towle & Co.: Many opera
tors seem willing to establish short com
mitments. which in the end will help the
bull position.
THE WEATHER
Conditions.
WASHINGTON, May 7.—Unsettled,
showery weather will continue generally
tonight and Wednesday in the Atlantic
and east gulf states, the Ohio valley and
the lower lake region, while In the upper
lake region the weather will be generally
fair
It will be cooler in the northern upper
lake region, but elsewhere temperature
changes will not be decided.
Genera! Forecast
Virginia—Continued, unsettled weather
with occasional showers tonight or Wed
nesday-.
North and South Carolina—Showers to
night and Wednesday
Georgia. Florida, Alabama and Missis
sippi- Unsettled; showers tonight or
Wednesday
Louisiana —Unsettled tonight and Wed
nesday
Arkansas —Unsettled tonight and Wed
nesday
Oklahoma—Fair tonight and Wednes
day
East Texas —Unsettled tonight and
Wednesday-
West Texas —Fair tonight and Wednes
day.
WEEKLY WEATHER REPORT.
WASHINGTON, May i.—Mean temper
atures ranged from nearly normal tn 5
degrees above the normal generally
the cotton region The greatest excess in
mean temperature occurred at scattered
stations in different states. The weekly
mean temperature ranged from 62 to 78
over the eastern, from 66 to 76 over the
central and from 70 to 78 over western
portion of the cotton growing states.
Light to heavy precipitation occurred
generally throughout tne cotton region,
being excessive in parts of Louisiana and
Alabama and on the Texas coast, except
that no rain occurred in parts of north
ern Arkansas and extreme northwestern
Texas. The heaviest precipitation oc
curred in southern Louisiana, the gerat
est weekly amount being 10 8 at Melville,
La. More than two inches occurred in
parts of Oklahoma, Texas. Arkansas, Ala
bama. Mississippi, Louisiana, Georgia,
Florida and South Carolina
NEW YOPK GROCERIES.
NEW YORK, May 7—Coffee steady;
No 7 Rio spot, 14 1 4 z 3l4^ s Rice steady;
domestic, ordinary to prime,
Molasses steady; New Orleans, open ket
tle, 35(g50 Sugar, raw. quiet, centrifu
gal, 4.05; muscovado, 3.55. molasses sugar.
3 30, refined quiet, standard granulated.
5!0'05 25. cut loaf. 6 00; crushed, 5 90,
mold A. 5 60. cubes, 5.30*0 45; powdered,
5 15'0 5 30. diamond A, 5 20. confectioners
a 4 90355.05: No. 1, 4 05. No 2.
4,85'05.00 No. 3, 4 80'04 95; No 4, 4 75*0
4 W
Cheese steadier: white milk specials.
15’4016 whole milk fancy.
skims, specials. skims, fine. 9-%
i : full skims. 60
POULTRY. BUTTER AND EGGS.
NEW YORK. May 7 Dressed poultry
stead'-; turkeys. 13022; chickens, 160? fr.
fowls,
0 16. Live poultry firm; fowls. 14’ 2
<asked); turkeys, 12 <asked». roosters. 10
(asked), ducks, 13 (asked); geese, 80 9.
Butter firm; creamery specials. 31 (bidt;
creamery extras, (asked): state
dairy, tubs, 24030 U; process specials, 28
• asked).
Eggs firm, nearby white fancy, 22’ 2 0
23; nearby brown fancy, 210 24’?, extra
firsts, firsts, 19020V 2 .
NEW YORK PRODUCE MARKET.
NEW YORK. May 7. Wheat steady;
July. $1 19’40 1 19\; spot. No 2 red. $1 23
in elevator. *1.25\ f. o. h. Corn quiet;
No 2. in elevator nominal: export No. 2,
86U f o b_. steamer nominal. No. 4, nom
inal ‘Tats easy; natural white.
white clipped. 640 66. Rye quiet. No 2.
nominal fob N*»w York. Barley steady;
malting. *1.220138 c. i. f. Buffalo. Hay
firm; good to prime. $14501.75. poor to
fair. $1.2201.44 Flour du’’: spring pat
ents. *5 7005 90; straights. 15 4005 60;
I clears. *4 600 500 winter patents. $5 900
Ic io straight®. $5.3505.60, clears. $4
I 5.00
Beef steady family. $l“ 5O0i?. 50 Pork
stead’’, mess.
021 50. Lard easier; city steam. iO’A b'd.
middle West spot, 11.30011.35, Tallow
firm; c!*:\ in hogsheads, €*£. bid; country,
in tierces, 60 6 ; 4.
COTTON BREAKS
■ AFTER ONCE
Realizing by Bulls and Selling
by Ring of Operators Send
Prices Down.
’ NEW YORK. May 7—Overnight buying
I orders gave the cotton market an ad
vance of from 5 to 12 points at the open
ing today. The tone was firm, and the
lack of improvement in weather condi
tions over the Southern belt caused a
continuance of buying After the call
the price ruled fully 15 points above Mon
day's closing, or making an aggregate ad
vance of 50 points in two days
Liverpool fully responded to the service
of yesterday in the American markets,
and the buying around the opening was
good, coming from commission houses,
some spot people and also those who sold
yesterday. The local operators soil on
the way up and there was profit taking
by some prominent bulls It is believed
Liverpool and a former large bull
sold here. The selling is based on the
theory that we have had a good advance
and the market is due a reaction
Ring operators continued selling in the
afternoon, which, together with some sell
ing by the bulls to take profits, carried
price to the low levels of the session, 2
points nff to 7 points up as compared
with the previous close at the beginning
of the last hour.
December and January touched the
previous high records nf the season dur
ing the morning session.
At the close the market was steady
November 1 point higher, while the bal
ance of the list was 1 to 4 points lower
as compared with Monday’s final figures.
RANGE IN NEW YORK FUTURES.
I£l§l 5I 35 1 0
|o|a| u| Jw u C.U
Mar. i 11.58 11.60 11.48 11.50 11 44-46 11
June .... 11.46-48 11.49-51
July . 11.63 11.71 11.46 11.55 11 54-56 11.58-60
Aug. 11 65 11.76 11 50 11.52 11 58-60 11 60-62
Sept. '11.70'11.79111.60 1163 11.62-64 11.64
Oct. 11 7511.86 11.62 11.68 11.68-70 11.70-71
Nov. 11.82 11.83 1t.73111.73 11.71-73 11.70-72
Dec. 11.8711.96 11 72 11.78 11.78-80 11.79-83
Jan. 11.89 11.90 11.68 11.75 11 75 11.77-79
Feb 11.75-77-11.77-79
Mar 11.95 11 °6 11 81 11.81 11 81 1185-87
Closer! steady.
Local cables were due 9 to 1154 points
higher. Opened quiet but steady at 8 to
10 points advance At 12:15 p. m. was
quiet, at a net advance of 6 to 7 points.
Spot cotton quiet at 11 points advance;
middling 6.56; sales 7.000. including 6.300
American; speculation and export 500;
imports 27,000; American 26,700. Later
cables were 3% points higher than at
12:15 p. m.
At the close the market was quiet at
advances of 7% to 10 points over the
closing quotations of MondajV
RANGE IN LIVERPOOL FUTURES.
Futures opened quiet.
Opening. Frev.
Range 2F. M. Close. Closw
May .. . .6.3714 6.3714 6.3714 6.29
May-June 6.38 -6.36 637 6.3714 6.29
June-July 638 -6 35 6.39 638 6.2914
Julv-Aug 638 -6.36'4 6.38*4 630
Aug.-Sept. 6.38 -6 35 6.38 637 6.29M>
Sept -Ort 6.36 -6 32'4 6.36 635 6.26
Oct.-Nov. 6.32 -6.30*4 6.34*4 633 6.23*4
Nov.-Dec. .6.29 -6.29*4 6 3314 632 622
Dec.-Jan. 6.2914-6.28*4 6.32 6 31*4 6.21 H
Jan.-Feb 6.29 -6.28*4 6.32 6 311 s 6.21*4
Fem -Mar. 6.30 -6.31*4 ... 6.32*4 6 22*4
Mar -Apr. 6.32 -6.31 6.33*4 6.33*4 6.23*4
Closed quiet.
HAYWARD & CLARK'S
DAILY COTTON LETTER
- NEW ORLEANS. May 7 The map
shows partly cloudy to fair in the Western
states, with no precipitation except in
the coast districts. Cloudy weather in the
rest of the belt, with genera! showers,
heaviest in Mississippi, southern Arkan
sas. Tennessee and parts of Alabama In
dications favor clearing weather In the
western half of the belt, but showery in
the eastern half The tendency is toward
better weather generally.
Liverpool took yesterday's advance In
our markets and weather news more se
riously than was expected, advancing fu
tures today as much as 13*4 points. Spots
11 points higher: sales 7.one bales.
General buying nn the strength of Liv
erpool. rains In trie central states, a fore
cast of showery weather and expectation
of a bullish weekly weather report at 11
o'clock advanced our market 11 points
In the first hour, but the advance was
then checked by realizing in New York
Bullish feeling over the wet planting
season, particularly in the central state.?,
seems to he well developed and provides
a steady public and trade demand for
contracts. All other considerations ap
pear to be set aside for the present. The
mill situation in Italy is particularly un
favorable. and trade Is suffering from the
embargo placed on Asiatic-Turkish terri
torv with respect to Italian goods.
The sensational side is well represented
in cotton literature at' present, and fre
quent predictions of a wet May and June
floods have their share in the present buy
ing movement.
RANGE IN MEW ORLEANS FUTURES.
ii » 3il'l il
OI X U Jrp | U .8,0
Mar liTSVI2 07 11.82 11 83 ffi:Ts'lT
June H 86-89 12.01-04
July 12 17.12 26 11.97 11.98 11 97-98 12.13-15
Aug. 12 03 12 09 11 94 11 94 11 81-83 11 98 -01
Sept 11 78-80 11 90-92
Oct 11 89 11 96 11 72 11 74 11 73-74 11 84-85
Nov 11.73-75 11.85-86
Dec 11 91 12 00 11.75 11 78 11 77-78 11 87-88
Jan *1 99 11 09 11 78 11 80 11.78-79 11 89 90
Feb -1 1 82-84 11 92-94
Mar. ' - _ -1! 85-87 11 95-97
Closed steady
PORT RECEIPTS.
The following table shows receipts at
the ports today compared with the same
day last year.
1 1? 12 I_9ll_
New” Orleans .... 1.523 I 4.665
Galveston 4,969 2.672
Mobile 201 I 214
Savannah. ... .J 6.489 2,499
Charleston 131 ! 110
Wilmington 75 I 181
Norfolk , 1,170 I 416
Boston 169 ...
Pacific coast ... 2.537
Pensacola ■ ■ 200
Various. . - . . . 58 1,09 7
~ Total 14.282 ' 12.054
INTERIOR MOVEMENT.
' 1912 j 1911
Houston. ..... 1.116 1,153
Augusta TOO 20
Memphis 1,686 186
St. Louis 664 343
Cincinnati. . . . .' 463 488
Little Bock 387
Total. . ... . . .I . 3.631 , 2,577
SPOT COTTON MARKET.
Atlanta, steady: middling 11 v.
New .York, quiet; middling 11.90
New Orleans, steady, middling 11 13-16
Liverpool, firm: middling 6.56 d.
Savannah, steady: middling 11 9 16.
Augusta, steady, middling 12c.
Mobile, steady; middling 11V,
Galveston, steady; middling It-\,
Norfolk, firm, middling 11%.
Wilmington: nominal
Little Rock, quiet, middling 11»«
Charleston, nominal: middling 11* 2 .
Louisville, firm; middling 11*;.
Philadelphia, steady; middling 12 15.
Boston, quiet; middling 11 90.
Baltimore, nominal; middling 11%.
Memphis, quiet; middling 11*,.
St. Louis, firm: middling 11%
Houston, steady, middling 11 15-16.
Louisville, firm, middling 11%.
METAL MARKET.
NEW YORK May 7 —At the metal ex
change today the market was active with
a firm tone
Quotations Copper spot May and lune.
15.40'S 15 50: Tuly. 15.50'? 15.6254 Augu.-'
16
@6.90; tin, 45.50@45,75.
STEEL COMMON
SCOWS DECLINE
Shares Offered Freely Go With’
out Buyers—Other Issues
Make Important Gains.
By CHARLES W. STORM.
NEW YORK. May 7.—United States
steel was the weakest stock on the list
at the opening today as a result of heavy
selling Induced by the government hear
ing In the dissolution suit now going on
in this city Steel was offered In large
blocks and within a few minutes had
yielded 1% to 64%.
A number of other Important issues de
clined materially, and the whole list was
weak Reports in London that Canad'an
Pacific may soon make another stock dis
tribution caused buying of that stock
which gave it decided strength. Canadian
Pacific here opened at 257, a gain of \
The anthracite situation again brought
pressure to Reading This stock opened
at 171*4, a decline of 1% from Monday s
close. After half an hour there was a
rally in Reading on supporting orders and
part of the early loss was recovered
Amalgamated Copper yielded over a
point, selling down to 79% As Reading
had done, this Stock also recovered from
its loss later
Among the other opening losses were
Erie %, Baltimore and Ohio Pennsyl
vania '4, Lehigh Valiev %, Union Pacific
% and Southern Pacific %.
The curb was steady
With the exception of United States
Steel, Americans in London were cheer
ful above New York parity
Later stocks were in better demand and
substantial gains were marie in a number
of the important issues.
Reading was prominent, advancing 1%.
and a gain of 1 point was made in Union
Pacific. Steel common continued in free
supply.
The market closed strong.
Governments unchanged; other bonds
firm
Stock quotations:
I I ILastiClos IPrev
STOCKS— IHighlLow.lSaie.l Bid.lCl'as
Arnal. Copper. 81 I 79%; 81 ; 81%' Bn%
Am. Ice Sec. 26 24~bi 25% 25*? 23%
Am. Sue. Ref 128 127*4'128 128 127%
Am. Smelting 84 83 84 84 83
Am. Locomo.. 41 41 41 42% 12
Am. Car Fdy. . 57% 56% 57% 57% 58
Am. Cot. Oil .. 55% 54% 54% 55 55%
Am. Woolen 27 I 27%
Anaconda 41% 40*- 41% 41% 41%
Atchison 105% 105 ‘ 105%' 105%' 105
A C. I, 139%T39 139% 139% 140
Am Can ... 11 39% 40% 40% 38%
do, pref ..117% 117 117*4'117% 117
Am. Beet Sug. 69 68% 68%' 69% 69
Am. T. and T. 145 144 7 e 114’, 145 145%
Am. Agrtcul... 60% 60 60% 59% 60%
Beth. Steel .. 36% 36% 36% 36% 36’J
B R. T 82 81 % 82 82 82
B and 0 109% 108% 109% 109% 108%
Can Pacific ...357% 256% 156% 156% 156’,
Corn Products 15% 15 15% 17% 15%
C and <9 78 7“L> 78 78 ' 78
Consol. Gas ..142 142 ’ 142 143 '142%
Cen. Leather . 24% 24% 24% 24% 24%
Colo. F and I. 27% 27%i 27% 27% 27%
Colo. South 44 44
D. and H ' .... ....I .. . ,I170%!170
Den. and R. G ' ... .1 .... .... 21%: 22
Distil. Seeur.J ... 1 31 31
Elie 34% 33% 34% 34% 34
do. pref. .. 53 53 53 '53% 52%
Gen. Electric 167% 166% 167% 166% 166%
Goldfield Cons 4 4
G Western 18% 18% 18% 18 18%
G North., pfd 130% 130%'130% 131% 130%
G North ore 39% 39% 39% 39% 39%
Int Harvester 115% 115 115% 116 115%
111. Central .127% 126% 127% 1«7 127
Interborn . .. 18%' 18% 18% 18% 18%
do, pref .J 56 55% 56 ' 55%: 56
lowa Central 12% 12%
K C. South... 25 25 25 25 i 24
K and T 27% 27%
do, pref. ..; .... 61 % 61
L Valley. . . 167% 165% :167% 167%'166%
L. ano N . . . 156% 156', 156', 156% 156%
Mo. Pacific . 41 % 40 41 % 41 40
N Y. Central 118', 117% 118% 118', 117%
Northwest . 140% 140%
Nat Lead. . .! 55% 55% 55% 56% 55%
N and W . . . 112% 112 112% 112% 112
No. Pacific . .118% US', 119% 119 118',
O. and W . . . 38 ', 38 ', 38% 38% 38%
Fenn 123% 122% 123% 123% 123%
Pacific Mail . 32 .32 32 32 31 %
r. Gas Co.. . . ... .• .... 107 ; 108
P Steel Car. . ... J ... J .... 34% 34%
Reading. . . . 174', 171% 174% 174% 172%
Rock Island. . 26% 26', 28% 26% 26%
do. pfd . . . 54', 53% 54% 54 ' 54
R I and Steel 21% 21% 21% 22 , 22
do. pfd . . 75'- 75*2 75% 77'- 77
S.-Sheffield. . I 48 ! 48 48 48 48
So. Pacific . . 110 109% 110 110% 109%
So. Railway. . 27% 27% 27’, 27% 28’,
do. pfd.. . ... 5 73%: 73%
St. Paul. . . .107% 105% 107% 107 106%
Tenn. Copper 42 41% 4? 4t 41%
Texas Pacific 23% 23% 23% 23% 23%
Third Avenue 36 35% 36 36 36',
I'nion Pacific 169% 167% 169%' 169%'168
U. S. Rubber 56%' 56% 56% 56%; 56%
Ftah Copper . 61 % 60% 60% 61 ' 61
U S. Steel . . 65t, 64% 65% 65% 66%
do. pfd.. . . 110% 109% 109%'10»%.110%
V-C. Chem . . 51% 51% 51% 517, 51%
West. I’nion . 83% 83 83% 82% S 3
Wabash. ... B', 8% B*< 8% 8%
do. pfd.. . .21%; 20%: 21% 21 20
West. Elec.. . 74 73% 73% 74% 74
W Maryland 59 59
Total sales. 740,600 shares.
MINING STOCKS.
BOSTON. May 7 Opening: Calumet
and Arizona 68. Swift 104, Copper Range
55, East. Butte 12%. Indiana 18%. Winona
5%, Lake Copper 37, North Butte 26%.
LOCAL STOCKS AND BONDS.
Bld. Aekofl
Atlanta ft West Point R R... 148 145
American National Bank . .. 205 210
Atlantic Coal ft Ice common. 100 103
Atlantic Coal ft Ice pref 9S S 5
Atlanta Brewing & Ice C 0... 175
Atlanta National Bank .... 325
Central Bank ft Trust Corp.. 149 159
Exposition Cotton Mills 169 ja;
Fourth National Bank 225 230
Fulton National Bank 120 j?,
Ga. Ry & Elec stamped. . . 127 130
Ga Rv. ft Pow. Co., common 28 31
do Ist nfd 82 87%
do 2d pfd . 44 46
Hiilver Trust Company 125 130
Lowrv National Bank 24'. 24s
Realty Trust Company 108 no
Sixth Ward Bank 99% 101
Southern Ice common. 72% 74
Third National Bank, new .. 200 219
Trust Co of Georgia 212 214
Travelers Bank & Trust Co.. 125 126
RONDS
Atlanta Gas Light Ist 55.... 104% ...
Georgia State 4%5. 1915 .... 101 10J
Georgia Midland Ist 3s 60 61
Ga Ry. & Elec Co 5s 101% ...
Ga Ry ft Elec ref 5s 99 99%
Atlanta Consolidated 6s .... 104
Atlanta Northern Rv 5s ... 95
Atlanta City 3%5. 1931 91 93
Atlanta CUv 4%5, 1921 .... 103 105
Southern Bell 6s .. 99%
COTTON SEED OIL.
Cotton seed oil quotations:
I Opening 1 (Toslna
Spot 17 40(87.49
Mat 7 toxins 7 4V? 7.46
June 751 'll 760 7
July 7.526 759 7 42-0 743
August . 7.506/7.65
September 7 586.7 59 7.48 q7 49
October .. 7.536 755 7 446 7.46
November 6 906 7.00 6.771a 6.85
December .. ■■ 6>85@6.95 6.62916.70
Cioaed weak: sales, 17.700 barrels.
NEW YORK COFFEE MARKET.
Cnffee quotations'
I Opening j Closing
Janua’n ’ . 13.56613'60'13’68613 69
Februa' v. . . . . 13 506 lUSB 13 676 13.68
March 13 59 1.3 70613 71
-April . . ■ • . 13.576 13.60 13.70613.71
Mav .... 13.25613 38'13.40613.45
Tune 13 35613 40 13 49613 50
July 13 43613 48 13.58613.60
A.ugust ... 13 53613.65'13.5561357
September 13 6’613-63 13 73613 74
■ jber 13.71@13.72
Vovembc-r . . . .13 5.5613.65 13 69613 70
December 13 58 13 68613 69
Closed steady. Sales 71.000 bags.
ATLANTA MARKETS!
EGGS—Fresh country candled, 19@20c
BUTTER—Jersey and creamery, in Uh.
blocks 2;%@25c; fresh country. 15@17c
per povu.l.
DRESSED POULTRY—Drawn, head and |
feet on. per pound. Hens. 17@18c; fries.
25@27c Roosters. ’®loc. Turkey*, ow
ing to fatness. 18620 c
LIVE POULTRY -Hens. 40645 c: roost
ers. 25035 c. fries. 30650 c: broilers. 30®
35c; puddle ducks. 35®40c: Pekin ducks,
406 45c; geese. 50660 c each; turkeys, ow
ing to fatness. 15@16c.
_ FRUITS AND PRODUCE.
FRUIT AND VEGETABLKS—Lemons,
fancy. $4 006 450 per box Florida
oranges. $3.0003 50 pe’- box Bananas,
2% 63c per pound Grape fruit. $5 00 6
600 per era’s Cabbage, 3%c per pound
Florida cabbage, $3 25 per crate. Pea
nuts. per pound, fanev Virginia. 6%07c:
choice. 5%@6c. Peans. round green
$1.75462 00 per crate. Florida celery.
$2 0062.50 per crate. Squash, yellow, per
six-basket crates *15062 00 Lettuce,
fancy. $1.506 1.75; choice. $1 2561 50 per
crate Beets. $.3.0003.50 per barrel Cu
cumbers. 75651.00 per crate English
peas, per drum. $1.5062 New Irish pota
toes. per barrel. $5 0006 00 per barrel.
Strawberries. Bc6loc per quart
Egg plants. $2.5063 00 per crate Pep
per. $17502.00 per crate. Tomatoes,
fancy, six basket crates. $2 500 3 00;
choice tomatoes. $1.7502 00 pineapples.
$3 5004.00 per crate. Unions. $3 0063 50
per bushel. Sweet potatoes, p yam, $1.50
01 75 per bushel Cranberries. sll 000
12.00 per barrel; 50c per gallon.
PROVISION MARKET.
(Corrected bv White Provision Co 9
Cornfield bams. 10 to 12 lbs average
16c.
Co-nfield hams, 12 to 14 lbs average
16c.
Cornfield skinned hams. 16 to II lbs.,
average 16%c.
Cornfield picnic hams. 6 to I lbs. av»r
--11 %c.
Cornfield breakfast bacon, 28c.
_Grocer style bacon (wide or narrow!.
1 1 c
Cornfield fresh pork sausage (link ot
bulk). 25-lb. buckets. 12c
Cornfield frankfurters. 10-lb. buckets,
age. 10c
Cornfield bologna sausage. 25-tb. boxea,
9c.
Cornfield luncheon hams. 25-lb. boxes.
11c.
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-!h cans, $4,25.
Cornfield frankfurters In pickle. 15-lb.
kits. $1.50
Cornfield pickled nigs feet. 15-lb kits.
$1 on
Cornfield pure lard (tierce basis), 12%c.
Country style pure lard. 50 lb. tins only.
12c
Compound lard <tierce basis), 9%c.
D. S extra ribs. ll%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 25; Victory (finest pat
ent), $6.51); Faultless, finest, $6.25: Swans
dnwn (highest patent), $5.90, 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 patentl, $5.50; Farm Pell, $5 40:
Paragon (highest patent), $5.75; White
Lily (highest patent), $5 50; White Daisy.
$5 50; Southern Star, $5.35: Sun Beam,
$5.35: Ocean Spray (patent), $5.35
CORN -Tennessee--White, red cob,
$1.12; cracked, $1.05; yellow, sl.lO, mixed,
$1 no
MEAL- Bolted. 12-lb sacks. 92c: plain.
144-lb sacks. $1.«1. 96-|b sacks. *1.02;
48-lb sacks. $1 04 24-lb sacks, $1.06
OATS Fancy white clipped, 75c; fancy
white 74c: mixed. 73c.
COTTON SEED MEAL- Buckeye, $29;
Harper. $29
COTTON SEED HULLS—Square sacks,
SIO.OO per ton
FEEDSTUFF.
SHORTS -Hallioay white, lon-lb seeks
$1 95; fancy, 75-lb sacks. $1 90 P W
75-lb sacks, $1.85; Brown, 100-lb. sacks,
sl. 75; Georgia feed. 75-lb sacks. $1 80;
bran. 100-lb. sacks. $1.55; pure 75-
lb sacks, $1.70, Homcollne. $1 85: Germ
meal Homco. $1.80; sugar beet pulp. 100-
lb sacks. $1.55: 75-lb sacks, $1.60.
CHICKEN FEED Beef scraps. 100-
nound sacks. .$3 50. 100-pnund sacks.
$3 26: Purina scratch. dozen 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 Io: Suc
cess baby chick, $2 10; Eggs. $2.20; Vlc
torv baby chick. *2 30 Victory scratch.
50 jb sacks. $2 25: Victory scratch, 100-
lb. sacks. $2.15; Chicken Success babv
chick. $2.10; wheat, 2-bnshel bags per
bushel. $1 40. Rooster chicken feed, 50-Ib.
sacks. $1: oystersheil. 80c.
GROUND FEED Purina feed, 175-in.
sacks. $2 00; Purina molasses feed. $2 00;
Monogram. 100 lb sacks. $1 70; Victory
horse feed. 100-lb sacks, $2 00: Milko
dairy feed. $1 80; Arab horse feed. 100 lb.
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. $’ 40. rye (Georgia) $1 35; Appier
oats. 85c. red rust proof oats. 72c; Burt
oats. 75c; Texas rust proof oats. 70c. win
fer grazing. 70c: Oklahoma rust proof.
50c: blue seed oats. 50c
HAY Per hundredweight: Timothy,
choice large bales. $1 80. Timothy, choice
third bales. $1 60; Timothy No 1, small
bales. $1.85; alfalfa hay, choice. $1.65;
Timothy No. 2. $1 50. Timo’bv clover
mixed. $1 45, clover hay. $1 50. alfalfa
hav. choice. $1 50. alfalfa No 1, $1.70;
alfalfa No 2. $1 25; peavine hay. $1 20;
shucks, 70c; wheat straw. 80c; Bermuda
hay, SI.OO.
GROCERIES.
SUGAR—Per pound, stanoard granu
lated, 5%e; New York refined. 5%q; plan
tation. 6c.
COFFEE Roasted (Arbuckle’s), $24.25;
AAAA. sl4 50 in hulk: In bags and bar
rels. $2 1°: green. 19c
RICE Head, 4%05%c: fancy head, 5%
06%c. according to grade
I,ARD —Silver leaf 12%e per pound
Soco, 9%c per pound; Flake White, 9%c
per pound. Cottolene. $7.75 per case;
Snowdrift, $6.25 per case
CHEESE- Fancy full cream, 22c.
SARDINES Mustard, $3 per case: cne
quarter oil, $3
MISCELLANEOUS —Georgia cane syrup
38c, axle grease, $1.75; soda crackers. 7%c;
per pound. lemon crackers. 8c: oyster.
tomatoes '2 pounds). $2 case; a pounds.
$2 75: naw beans. $3 10. Lima beans. 7%c;
Shredded biscuit. $3 60; rolled oats, $4 per
grits (bags). $2 20: pink salmon.
$5 10 per case; pepper. 25c per pound; R.
jc lee salmon. $7.50: cocoa. 48c;’ roast
beef il U; svrun. 30c per gallon Sterling
ball potash. $3 30 per case: soap. $1 5004
pec case. Rumford baking powder. $2 59
per case
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. 18c.
F*SH.
FISH —Bream and perch, 6c per pound;
snapper. 9c per pound: trout, 10c per
pound; bluefish. 7c per pound; pompano.
20,• per pound; mackerel. 15c per
pound: mixed fish. 6c per pound: black
bass. 10c per pound; mullet, $ll.OO per
barrel Georgia roe shad. 60c each; buck
shad. 30c each, roe Hicks. 20c each;
Florida roe shad. 35c each; bucks, 75c
each ; t erring. 1c each.
CRABS Hard sheil, 300.95 c per dozen
OYSTERS Per gallon Plants, $1,500
1.60; extra selects, $1 400'1.50: selects,
jt 25Q1 40. standard, $101.10; reepers, !)0c
0100.
HARDWARE.
PLOWSTOCKS -Halman. 95c; Fergu
eon. $1.05.
AXLES—S 4 7507 per dozen, base.
SHOT $2 25 per sack
SHOES Horse. $4 500 475 per keg.
LEAD Bar, 7%c per pound
NAILS Wl.-e. $2 65. base
IRON—Per pound. 3c base; Swede *%c
LIVE STOCK MARKET.
CHICAGO. May 7. Hogs- Receipts 12,-
000 Market steady; mixed and butchers
$7 2507-75. good heavy $7 80 0 7 75. rough
heavy $‘ 250 7 50. light $7 256 7.62. rigs
$5 4007, bulk $7.600 7.70
Cattle—Receipts 4.'"’’- Market weak,
beeves $609. cows and heifers $2.506 8,
Stockers and feeders $4.9006.80. Texans
’5 900*50, calves $6 5008.25.
Shdep—Receipts 8.000.’ Market weak,
native' and Western $4.85@7.25, lambs
$6.6009.75.
WHEAT RECOVEBS
FROM WEAKNESS
Corn Holds Firm From Opening
to Close of the Market.
Oats Higher.
ST. LOUIS CASH QUOTATIONS.
Wheat—No. 2 red ..............124 - @125
Corn 81%
Oats 55 0. 56
CHICAGO. May 7.—Wheat opened with
a weaker undertone and with prices rang
ing from % to %c lower, the main in
fluence being bearish foreign news and
unresponsive cables. Commission houses
were on both sides. Shorts were the prin
cipal buyers in the pit. while longs were
sellers Liverpool came %d lower, against
our upturn of yesterday, due to large
Western arrivals and the increase in the
visible supply.
Corn was %to %c better Wet weath
er in the belt was the strengthening fac
tor. Trade was very light early.
Oats were a shade lower on fine weath
er in the belt There was light commis
sion house selling at the start
Provisions were easier in the face of a
strong hog market Business was scat
tered and unimportant
XVhiie wheat was lower and weak early
in the day, it firmed toward .the close
on expectations of a bullish government
report, and final prices ranged from %c off
to %c up There was an improved de
mand for cash wheat, and this drove the
shorts to cover.
Corn closed %c higher on good buying
both by commission houses and cash
firms. Trade was small and unimpor
tant.
Oats closed firm with prices *4,0 oft to
%c to %c qn after an aerly break. Good
buying by local shorts caused the re
coverv. The trade was small.
Provisions ruled a little higher, but
trade was extremely dull and . feature
less.
LIVERPOOL GRAIN MARKET,
Wheat opened %ri to %d higher: at 1:30
p. m. was unchanged to %ri lower. Closed
’id to %d lower.
Corn opened %ri lower: at l;30 p. m.
was %ri lower. Closed %d lower.
CHICAGO GRAIN IdARKET.
Grain quotations;
Prer.
Open. High. Low. Close Close.
WHEAT—
May 1.17% 1.18 1.17*4 1.18 1.17%
July 1 14% 1.14% 1.13% 1.14% 1.14%
Sep. 1.10 1.10% 1.09% 1.10% 1.10*4
Dec. 1.10% 1.10% 1.10% 1.10% 1.11
CORN—
May 80% 80% 80 80% 79%
July 76% 77% 76% 77% 76%
Sep. 74% 75% 74% 75% 74%
Dec 63 63% 62% 63% 63%
OATS—
May 56% 57% 56% 56% 57
July 52% 53*4 52% 53% 52%
Sen 43% 44 43% 44 43%
PORK—
My 19.20 19.20 19.20 19.20 19.05
J'ly 19.25 19.50 19.25 19.47% 19.30
5ep.19.50 19.60 19.40 19.57% 19.50
uARD-
My 10.85 10.90 10.85 10.87% 10.87%
J'lyll.os 11.05 11.02% 11.02% 11.02*6
Sep .11.25 11.27% 11.20 11.22% 11.22%
RIBS -
M'y 10.30 10 30 10.30 10.30 10.22%
J'ly 10.42% 10.45 10.37% 10.42% 10.42%
Sep. 10.60 10.65 10.57% 10.62% 10.62%
CHICAGO CASH QUOTATIONS.
CHICAGO, Mav 7.- Wheat—No 2 red
$1.17%01.19, No. 3 red $11301.17, No. 2
bard winter $1.1701.20, No. S hard win
ter $1.1301.17%, No 1 Northern spsfng
$1 2001 26, No 2 Northern spring $1.17@
1.20. No. 3 spring $1 1201 17
Corn No 2 80%. No. 2 w*iite 81, No.
3 78078%. No 3 white 79*40 79%, No.
3 yellow 79i5 79%, No 4 75%0 76%. No.
4 white 76*4'877, No. 4 yellow 70%(@77.
Oats -No 2 white 580 58%, No. 3 white
57057%, No. 4 white 56%@07%, standard
57% 058
CHICAGO CAP. LOTS.
Following are receipts for Tuesday and
estimated receipts for Wednesday:
(Tuesday. .Wedn’sday
Wheat I 35 62
Corn ' 291 203
Oats 151 106
H((gs ILOOO 20,000
GOVERNMENT GRAIN REPORT.
WASHINGTON. May 7 The crop re
porting board of the department of agri
culture estimates as follows:
On May 1 the area of winter wheat to
be harvested was about 25,744.000 acres,
or 3,418.000 acres. 11.7 per cent less than
the area harvested in 1911. and 6.469.000
acres. 20.1 per cent less than the area
sown last fall, 32.213.000 acres.
The average condition of winter wheat
on May 1 was 79.7 compared with 80.6 on
April j. 86 1 on May 1, 1911. and 85.2. the
average for the past ten years on May 1.
Condition of 79.7 per cent on May 1. is
Indicative of a yield per acre of approxi
mately 114 bushels, assuming acerage
variations to prevail thereafter On the
estimated area to be harvested 14 4 bush
els per acre will produce 170.714.000 bush
els of 13.9 per cent less than in 1911, 14.6
per cent, less than in 1910 and 11.3 per
cent less than in 1909.
The outturn of the crop will probably
be above or below the figures given
above, according as the change in condi
tions from Ma;- 1 to harvest is above or
below the average change
The average condition of rye on May
1 was 87.5. compared with 87.9 or. April 1,
90 0 on Mav 1, 1911. and 89 2. the average
for past ten years on Maj’ 1.
Feel at Home
It is the pleasant duty of every
officer and employee of this bank
to make people fee! at home when
they come here to transact busi
ness.
To that end every conve
nience is provided; officers
and employees are so situated
that patrons may receive their
attention without unnecessary
delay.
With unlimited facilities
for handling a large volume
of business, and at. the same
time giving each patron the
best of attention, we invite
the accounts of those who re
quire banking facilities.
AMERICAN
NATIONAL
BANK
19
