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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