Atlanta Georgian. (Atlanta, Ga.) 1912-1939, May 16, 1912, HOME, Page 23, Image 23

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BUSINESSNEEDS JUSTABRIICER Improvement in Crops Would Aid in Restoring Confidence to Shaky Leaders. By B. C. FORBES. NEW YORK. May 16. Business leaders tire wavering between optimism and pes simism Temporary uneasiness is felt, but all improvement in the crop outlook prob ably would revive confidence. Developments have been uneven. The governments report on winter wheat holds out promise of a crop of only 370,000 bushels, while six ’million acres were abandoned. Moreover, the whole ag ricultural season is between three weeks and a month late, while the excessive rains will retard progress until a spell •of real warm weather is enjojed. How ever, the rain-soaked land could be promptly put under other crops were the sun to come out for a week or two, and the whole agricultural nutlook easily un dergo an encouraging change. Industries are moving critically, some expanding, others contracting. Steel pro duction is at the rate of 3,000,000 tons per annum, a new high record for the country. Consumption has also heen stimulated by lower prices. The railroads are- today placing enormous orders for cars and rails, while the demands from the build ing trade are also heavy enough to jus tify the marking up of prices. The Steel Trust’s bookings during April ■were 360,000 tons larger than the ab normal output, and as the margin of profit will be larger from now on. the com pany’s net earnings should not again fail to provide anything for the common stock dividend. Possibility of Overproduction. Is there danger that the production of steel in the United’ States will heavily ex ceed consumption 0 The productive ca pacity of the country today is very much greater than in any former year, and expansion is still the watchword of man ufacturers. Unless, therefore, general in dustry broadens out the increased- ton nage will not find a market- at least at home. The trying experience which cop per producers have passed through is brought to mind by the current conditions in iron and steel. Instead of indulging in discomforting forebodings, however, it is permissible to hope that, given bounteous crops, the country will resume Its forward march once the presidential election is over. Indeed, business is unlikely to wait un til November before casting "ff its doubts and fears Even now hank clearings are running far ahead nf last year and railroad groSs earnings are rising Much has been said in these articles concerning the probability of a traffic blockade this year The principal rail road systems have at last taken cog nizance of this peril. They have placed huge orders for equipment, and will be stir themselves to prepare for the coming tidal wave of traffic The low prices of materials is an. incentive to place con tracts without further delay. Setback on Stock Exchange. The Stock Exchange has suffered quite a sharp setback. Prominent railroad and industrial stocks have tumbled 1 five to nearly ten points from the high levels recently reached, although latterly there haxe been irregular rallies The break in storks had a chilling effect upon specu lative sentiment. The strongest banking Interests had. as recorded here, given no tice that a speculative boom would not bp in order in fact, the Impression was nearly that the pace had been unjustifiably rapid. Then the lamentable political tur moil could not he entirely Ignored. The financial community had made up its mind that President Taft would bp nominated, and that no legislation of a more harassing nature than that already experienced would he attempted Rut Mr. Roosevelt’s remarkable demonstration of strength in first one state and then an other forced reconsideration of the po litical potents. At this moment un certainty rules- and uncertainty is never conducive to financial or industrial sta bility. Money Everywhere Easy. One fundamental, favorable feature is the world-wide ease in money. Every where monetary conditions are most com fortable. The Bank of England, wl • is still the hub of the whole financial wheel, lowered its discount rate lasi week’, and the Bank of France, as well as the Imperial Bank of Germany, will almost certainly reduce their charges for accommodation. At New York cheap money is also the rule. The difference between dear and cheap money at all leading centers is of far greater moment than the average per son is apt to realize. A high hank rate in Great Britain acts as a serious brake upon the wheels of industry indeed, whenever the English bank hoists a dan ger signal every manufacturer takes heed and curtails activities. A similar effect is produced on the continent of Europe. In the United States stringency’ sometimes has tn go pretty far before the omen is given general attention, although in this respect the business community’ is becom ing wiser every year. Employment of Idle Funds. Provided the crops do reasonably well, other conditions, taken as a whole, should Real Estate For Sale. Real Estate For Sale. * BEAUTIFUL eight-room house on a three-acre lot. water and sew ers down and paid for; fronts 400 feet on car line; ha« barn, chicken runs, fruit trees; an ideal suburban home, with all city con veniences. A real bargain. ON WARREN STREET, KIRKWOOD, we have a nice five-room cot tage with hall on lot 50x200; plenty of oak shade. This is a real bargain at $2,000, on terms of SIOO cash, balance S2O per month. See us quick. This plcae will not be on the market long. ATLANTA SUBURBAN REALTY CO. REAL ESTATE AND BUILDERS. 31 Inman Building. Bell Main 2053 HOME SEEKERS ARE YOU tn the market for a home? If so. It will be to your Interest to confer with us at once. LISTEN: Do you own a lot anywhere In the city or sub urbs paid for or half paid for? If so. let us build a house on ft. to suit your Ideas , e"d arrange terms like rent or easier Houses we build range second to none In I point of workmanship, material and beauty. Ask our customers. Plans and I specifications will cost you nothing GATE CITY HOME BUILDERS REAL ESTATE AND BUILDERS. 809 Third National Bank Building. Phone Ivy 3047. DAILY STATISTICS —— Building Permits. SI,OOO R. B. Gardien: dwelling at 36 j Chamberlin street. s3o.oo3—Mrs. B. M. Swift; garage ini Third street. $35,000 —J. R. Smith et al., building In! Whitehall street. s6oo—-W. A. Cannon; dwelling at 354 : Fulton street. sloo—Mrs. I. M. Overby; porch at 9!+' Richards avenue. $2,500 Fitzhugh Knox; heating plant in Poplar cfrcle. S2OO—G. \V. Norris; additions at 130 South Ashby street. $2,500- Louis Kolb; dwelling at 286 Mag nolia street. S3O0 —John Rukle: porch at 395 North Boulevard. $4,500 A. \v. Little; dwelling at 631 West Peachtree street. Warranty Deeds. $3,000 L. N. Eason to Guarantee Trust and Ranking Company, land lot 156. com mencing at the northwest corner of Old Hemphill and Wesley avenues, 150x597 feet. May 14. $17,250 —Charles \ Sisson and James P. Windsor to Mrs Rebecca H. Sanders, land lot 49. beginning at the northeast cor ner of Ponce DeLeon avenue and Myrtle street. 115X150 feet. May 14. S2O Atlanta Heights Baptist church to Charles S Bass, lot ’ in block B, 18 fee? j more or less. September 4. 1911. sls W. H. Mitchell to E. E. Jenkins, land lot 89. being known as sub-lot 31 of Sandy Springs cemetery, 30 feet. August 4, 1911. s3lo—William Ferrell to J. W. Pat terson Company, part of land lot 149. on the south side of Piedmont avenue. 50 feet east of Clark street. 50x100 feet. April 5. $7,000 J. fl Whisenant to Jack D. Hayes, land lot 17, on the north side of St. Charles avenue, 47x190 feet. April $6,250 -Jadk D. Hayes to George Gil lon. land lot same as above. May 14. SI.2OO—E. Rivers to S. R. Greenberg and E. F. Bond, land lots 11 and 13. in block 7 of E. Rivers subdivision nf part of land lot 101. on the east side of way, 100x150 feet. May 6. $2,000 S. R. Greenberg and E. F. Bond to J. Epps Brown, same property as abvoe. May 11. $1.325—M. F. Hennesy to Mrs. S. .1. Hawkins, land lot 76, at the northwest corner of Formwait and Cooper streets, 34x90 feet. May 8. $1,325 —Mrs. S. J. Hawkins to Fulton Finance Company, same property as above. May 11. $l,lOO J. H. Everett to J. W. <’ham hers. land lot 1.10, on the southeast cor ner of Chestnut and Foundry streets, 42x 162 feet. October 5. 1911. $7,400 Peter F. Clarke to \V. H. Da vidson. land lot 47. on the west side of North Boulevard. 70x137 feet. May 10 $9lO -Atlanta Development Company Io G. T. Turner, land lot 16. on the side of Greenwood avenue, 50x200 feet. May 11. s9oo—»Same to same as above, same property, same date. $87.50 .Mrs. Nerrody C Redlngton to James K. Hines, land 10l 175. commenc ing at. the corner of the old Harris trail, containing three and one-half acres more or less. May 7 $1,200- Adolph Ranschenberg to Mrs. Maggie Wimbish, land lot 20. on the south side of Jefferson street, now Harold ave nue. 272 feet east of the southeast corner of Pearl and said street. 50x146 feet. April 12. $2,500 r». w Corey tn John H. Sharpe, land lot 17. on the west side of Ponce De- Leon place. 46x150 feet May 9. S2OO East Point Land Company to Wil liam Kelley, land Int 163, on the north side of Dunlap street, 50x220 feet. April 25. $3,100 James F. Belcher to W N* Glenn, land lot 47. on the west side of Arnold street. 190 fppt north of the north west corner of said street and Rice street, 40x174 feet. May' 11. Warranty Deeds to Secure Loan. SSOO E. P. Burne to F. A Quillian, land lot 43, at the southeast nf Grant ami Glenn streets. 121x150 feet. August 14. 1911. $4,000 .\Trs Dora R Wilcoxon to the Travelers’ Insurance Company, land lot 80. beginning on the north side of North avenue. 100 feet east from the northeast corner of said avenue and Spring street. 50x190 feet May * $750 William Kelley tn Mrs N. C. Swinney , land lot |63 on the north side j nf Dunlap street. 50x220 feet. May 9. $3,000 The Mortgage Rond Company of ’ New York to James E. Belcher, land Int 47, on the west side of Arnold street, 190 feet north of the northwest corner of said street and Rice street, 10x174 feet. Oc tober 8. 1910. Bond For Title. $17,000 Atlanta Development Company tn \Y A McClure, land lot 16. on the north side nf Greenwood avenue. 150 feet east of the northeast corner of said ave nue and Barnett street, 50x200 feet. May 8. by and by make for a fuller measure of 1 prosperity A vast amount <-.f money can not he allowed to lie Idle at reserve cen ters. Some use must be found for it. <t must be put to work. The only way in which interest can he earned is by har nessing capital, by putting it into business channels. The fourfold oversubscription of the New York city $65,000,000 loan is sig nificant. True, the Income rate demanded was practically U 4 per cent, a fact not complimentary to our city fathers. Rut there were special circumstances of an extenuating nature. The incident has 1 demonstrated to prospective corporate borrowers that funds are available in abundance, provided proper security and a fairly generous return can be offered. The railroads are in a fairway to re ceive equitable treatment in the matter of income ami expenditures. The labors of the arbitration commission which is to pass on the engine drivers’ demands for higher wages may have the most far-reaching influence upon the future treatment of transportation companies. If I it be proved conclusively that the placing: of heavier burdens upon the railroads would unduly check development, then the public will realize that nothing of this kind can be permitted, for the na tion can not prosper if its railroads are languishing. The majority of our dominating finan ciers are not yet ready to go ahead cour ageously. They urge caution for the present, but incline to the belief that a more aggressive course will.be justified in the not distant future. . rrw ATLANTA GEORGIAN AND NEWS: THURSDAY, MAY 16. 1912. GOOD WEATHER LOH COTTON Market Closes Lower Than the Preceding Day—Realizing Pulls It Down. NEW YORK, May 16. -While early news on cotton was rather bullish. In cluding firm cables, unfavorable crop ac counts and further overflows in the lower Mississippi valley, the cotton market opened quiet and featureless today with first prices unchanged to 3 points higher. Private Liverpool cables reported buying by spot houses on poor crops. After the call trading here was largely professional. English cables reported futures and spot strong in Liverpool. The selling was somewhat better than the buying around the opening, and the I market was sold <»ff 7 to 8 points. This selling, it is said, was based on better weather over the belt. Some of the local weather experts predict more lain in Ibe next few days and this checked a further decline under the heavy selling. The buy- | Ing on the decline came from strong in- j terests. It is believed that strong spot interests are picking up Jul«y on all soft spots and strong Wall Street operators are buying December. No reason to fear a decline of any consequence. In the late afternoon the market was very steady, having rallied from the low’ levels, and at 2 o’clock prices were un changed to 5 points above the previous close. In the last hour absence of support and realizing sales resulted in a setback to the low levels of the morning, the close being barely steady’ at 3 to 8 points de cline from Wednesday’s final quotations. RANGE IN NEW YORK FUTURES I c i x I c I - i * > o J u ’ * |O-j X «-2 rj c-o AI a y Tl” 30 11 35t0’0 YL3S ! 11 •June 11 *2B-30 11 30-32 July 1 1.40 1 1.43 11.32,1 1.;:4 11.34-35 11 *37-39 Aug. 1 1.46 11.46 11.46 11 46 11.40-41111.43-45 Sept. 11.50 11.50111.47 11 48 1 1.40-42 1 1.47-49 Oct. 11.57 11.60 11.48 11.50 11.48-50 1 1.55-56 Nov. 11.61 I 1.61 11.61 11 61 11.51-53 1 1.58-60 fier 11.65 11.68 11.58 11,59:11.58-59 11.65-64 Jan. 11.61 11.6311.52H1.52'11.52-53111.60-61 Feb .... 11.53-55 11.61-63 _l a r 11 H ll • Jl- H1 J 1 J? 1 -1- L 1 S ?.l'° Closed barely steady. Liverpool was due 2to 2 l i lower on old Aral unchanged on new crops. Opened quiet, unchanged to Ipoints higher. At 12:15 p. m. was steady at a net advance of .3 to 4 points. Later cables reported a decline of i. 2 point. Spots, fair business at 1 point decline; middling, 6.55; sales. 8.000; American, 7,000; speculation and export. 500; imports, 1,100; all American At the close the market was barely steady I L> to 3 points lower than the pre vious close. Browne. Drakeford A.- Co., Liverpool, cable; “Market improved on bad crop reports; spot houses buying’’ RANGE IN LIVERPOOL FUTURES. Futures opened barely steady ‘Opening. F*re*. Range 2 R. M. Close Close May . .6 31 -6.30 6.31 *6.26U 6.29’6 May-Jure 6.30 -6.32 b, 6.31 6.26 L, 6*29s£ June-July 6.29 -6.36 “ July-Aug 632 -6 34 6.33 l ~ 629 “ 6.31 \ug.-Sept. 6.31 -6.33 6.33 ' 6'28 6.29’» Sept.-Oct 6,25 6 27 Oct.-Nov. 6.25 -6.2RL, 6.28 6.23 6.25 Nov.-Dec. 6.24 -6'25 ‘ 6.25 6.21 6.23 Dec.-Jan. 6.22 l 2 -6.23 . 6.20 1 -, 6.22’2 Jan.-Feb 6.23’t>-6.26 6.26 6.20’- 6.224-S Fob.-Mar .“ 6.21 ~ 6.23 Mar.-April 6.24-6.23 1 2 .. . . 6.22 Closed barely steady. HAYWARD <£. CLARK’S DAILY COTTON LETTER NEW ORLEANS, May' 16. -A crop au thority in Shreveport says; “Crop this ■ section has made satisfactory progress, 1 While precipitation at times has been ox ! ('cssilve. it was beneficial to germination.; Occasional Shorters now - would be’beuo- | ficial. Condition of crop quite up to average of past year; planting about com pleted. Fully 50 per cent chopped. Cot ton acreage increased 12 to 15 per ('ent. To w hat extent* acreage of Louisiana will bp affected by overflow can not be said. I Doubtless much of the overflowed land will be planted when waters recede, and it may be safe 4o figure 10 per cent acre age increase for the state if dry weather cont inues.” ‘ With tlu* present spell of fine weather and prevailing northwesterly winds, the I river is falling and more satisfactory ac counts are already being received from some of the overflowed districts. Cables from Liverpool indicate that the market is nervous over bad weather and ' crop reports. Futures were about 4 points higher than due. hut broke 6 points in the last hour when facts about yester day's weather became known, and the government forecast promised further fav orable weather. Spots were 1 point lower Our market showed a disposition to ease on better weather and more favor- . able crop news, but support in New York causpil it to rally' several times from de pressions. Bullish feeling still seems fash ionable in the Northern market, and a bullish half-monthly condition report is "expected Thursday from Miss Giles. 'The into sight for the week looks around 72,- 000. RANGE IN NEW ORLEANS FUTURES. I£ I | 15 I 8 t J 101 E I |3S| □ £•: Mav irS2 ILB2 11.77 11.77 11.75-76 11.51~R4 June i 11.77-79 11.83-86 .lulv 11 95 12.00 11.80 11.90:11.90 111.96-97 Auk. .. ... 1 1.74-76.11.81 -83 Sept 11.64-66 11.71-73 I < let 11.Slill.68111.57111.57:11.57-58:11.65-66 X,,v 11.58-59 11.66-68 f >ee TI 67 11.71 i 1.51 11.59 11.59-60 11.67-68 .lan 11.70 1 1.72 11.52 11.62 11.61 -62 11.69-70 Feb .11.63-65 11.71-73 Mnr '_ 11 'I - / 111-’ 11.81-84 Closed steady. PORT RECEIPTS. The following table shows receipts at the ports today compared with the same day last year: New Orleans. . . . 1.905 7.100 rial vest on 1,099 906 Mobile 201 102 Savannah 1.016 1,324 Charleston 124 539 Wilmington 203 177 Norfolk 876 1,103 New York . ; 50 Roston 68 .... Pacific coast .... 7.698 ' 601 Total - ! 131290 | 12,102 INTERIOR MOVEMENT. j iui2~ | 1911. Houston I 346 1 449 \ugusta 562 152 Memphis 905 847 St. Louis 794 453 Cincinnati 1.968 1,334 Little Rock .... .... 1 70 ' -I-.,-;,!. . . . . 5.075~ I - £305 SPOT COTTON MARKET. Atlanta, steady; middling 11%. New Y<rk. quiet: middling 1J.75. Now Orleans, steady: middling 11 13-16. Liverpool, steady; middling 6.55 d. Savannah, .steady: middling 119-16. \ugusta, steady, middling 12c. Stobiie. steady: middling 11', Galveston, steady: middling 13<-. Norfolk, quiet; middling 11 s ,. Wilmington, steady; middling 111 s. Little. Rock, quiet; middling 11%. Charleston, quiet, middling 1lt 2 . Louisville, firm; middling 11%. Philadelphia, steady: middling 12c. Boston, quiet: middling 11.75 Baltimore, nominal, middling ll'«. Memphis, steady; middling 11% St Louis, steady, middling 11% Houston, stead' . middling 11% Louisville, firm, middling 11’*. NE WS AND GOSSIP j Os the Fleecy Staple (From Hayward & Clark.) NEW YORK. May Hi. Carpenter, Rag got & V’(».: The market is narrow and j appears technically favorable io a tem i i»orary decline. In other words, it looks as if we would have lower prices tempo- ; ; rarily, then would favor buying. We do | not favor the short side. All ’(’ports and i conditions are extremely bullish, but the I market is narrow and susceptible t<» slight influences either way. Dallas, Texas, wires: “Texas and Oklahoma clear and pleasant.’’ The Journal of Commerce publishes a Washington article stating the govern ment in its revision had increased the cotton acreage planted m 1911 from 35,- 004.000 acres to 36,681,000 acres. This will be a basis for calculating the acre age for this year. Probably this has something to <lq with the decline in the market. This year’s acreage is scheduled to c<»me out on June 4. Market was sold off early by Waters. Schill and ring Waldorf crowd good sell- Following are 11 a. ni. bids. May, 11.27: July, 11.34, October, 11.19. Decem ber, 11.59. Estimated receipts Friday; 1912. 1911. New Orleans 1,100 to 1.4"” 5,213 Galveston 1,500 to 2.500 3.232 NEW ORLEANS. May 16. Hayward A- Clark; The weather map shows fair west of Alabama, partly cloudy to fair in Ala bama and Atlantics, light sh<»wers and heavier precipitation sljown is Memphis, | .26; Birmingham, .36; Augusta, 130. j Warmer in west Texas. Indications are for generally fair and warmer. Green\iille, Miss., says: “Planters more hopeful; waters continue to recede slow ly. and while as yet only the slightest re lief from the distressing flood conditions, planters still hope there will be a cotton crop made.” New Orleans Times-Democrat: Neither faction appears willing to credit any por tion of the other's argument, and yet there is some logic and reason and fact being exploited by both. The weather has continued bad in some sections of the belt and has been good in others. Where the weather has been fairly good the farmers have worked with vim and vigor to make up for lost time, and high temperatures have assisted, through rapid germination of the seed. This gives the bear an idea that bad crop reports have been exaggerated, therefore, all must be well with the season of 1912. The start is later than normal and very much later thafi last year The weathei hat been very unfavorable until recently, when im provement has been shown. This gives «he bull the impression "that a crop dis aster is inevitable and that very much higher prices are on the cards. The truth seems to be that a full crop will be need ed. and that a full crop mitet be pro duced if very much higher prices are not to be witnessed. Thus far the weather has not been full crop weather. Mean while the talent’s sense of proportion seems to have suffered tjirough the de velopments of the past twelve months. • | THE WEATHER | Conditions. WASHINGTON. May 16 The disturb ances now over Ohio and North Carolina Will move eastward, attended by rains to night in the middle Atlantic states and the eastern lower lake region and tonight and Friday In New England. In the in terior the weather will bo generally fair tonight and Frida.' Temperatures will remain comparative ly low and it will be cooler tonight In the upper <)hio valley and the South Atlantic states. Small craft warnings have been issued in the southern portion; Friday probably fair North <'arolina Generally fair tonight arid Friday; cooler tonight in the central and eastern portions. South Carolina Fair tonight and Fri day cooler tonight. Georgia—Fair tonight and Friday; cool er tonight in the southeast portion. Florida -Local showets tonight or Fri day, except generally fair in the north west portion: cooler tonight in the north east portion. Alabama and Mississippi - Generally fair tonight and Friday. LoutsiariA. Arkansas, Oklahoma and Texas Fair and warmer tonight and Fri day. - i ' . t ' F) F 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. 6.00 rq 6.50; good steers. 800 to 1,000, medium to good steers. 700 to 850. 5.00® 5.75; good to choice beef cows, 800 to 900. 4.751ft5.00; medium to good beef cows. 700 to 800, 4.5004.75; good to choice heifers. 750 to 850. 4.5005.50; medium to good heifers, 650 to 750, 4.0004.75. The above represent ruling prices of good quality of beef cattle Inferior grades and dairy types selling lower. Mixed common steers, if fat. 700 to 800. 4.50®5.00: mixed common cows, if fat, 600 to 800. 4.000 4.50; mixed common bunches to sari. 600 to 800, 2.7503.50; good butch er bulls, 3.250 1-00. Prime hogs. 100 to 200 average. 7.500: 7.25; good butcher hogs, 140 to 160, 7.25® 7.50; good butcher pigs. 100 to 140, 7.000. ► 7.25: light pigs. 80 to 100. 6.0006.25; heavy rough hogs, 200 to 250. 6.7507.25. Above quotations apply to corn-fed hogs. Mast and peanut fattened hogs, 1@ l>,4c and under. Cattle receipts light; market continues strong on best grades. A. J. Evans, of Fort Valley, Ga., was on the market again this week with two loads from his feed lots; one car of strictly good Hereford cows and another load of high-bred yearl ings. which were bought under contract some time ago by an Atlanta broker. Several loads are reported for the in coming week and receipts are expected to be better. POULTRY, BUTTER AND EGGS. NEW YORK, May 16. Dressed poultry quiet; turkeys. 13022: chickens, 16028; fowls, 111 2 41 16%: ducks. 13022; geese, 11016. Live poultry steady; fowls, 16 tasked); geese, 80 9 Butter easier; creamery specials, 300 30%: creamer' extras, 29029%; stale dairv, tubs. 24 0 30: process specials. 27% ® 28. Eggs steady; nearby white fancy, 24 tasked); nearby brown fancy. 21% (bid); extra firsts. 22 (bid); firsts. 19020%. NEW YORK GROCERIES. NEW YORK. May 16. Coffee quiet; No. 7 Rio spot. 14%014% Rice steady: do mestic, ordinary io prime. 4%0.5%. Mo lasses quiet; New Orleans, open kettle, 400 45. Sugar, ran. quiet; centrifugal, 3.92; muscovado. 3.42; molasses sugar. 3.17; refined, quiet: standard granulated. 5.0505.15. cut loaf, 5.90; crushed. 5.80; mold A. 5.50; cubes, 5.250 5.35; powdered. 5.104/5.20: diamond A. s.l<i; confectioners A. 1 854( 5.95; No. 1. 1.850 5.95; No 2. 1.80 4/4.90 No. 3, 1.7504.85; No. 4. 4.704/ 1.80. Cheese firm; white milk specials, 16% ibid); whole milk fancy. 16 tbidi; skims, specials, 110 11%: iikims, fine, 9%01O%; full skims, 7 (bid). NEW YORK COFFEE MARKET. Coffee quotations: I Opening, t Closing January ..... 13.5701.3.65,13.66013.67 February 13.504/ 13.60 13.654/ 13.66 Marell 13 60®13.63 13.68® 13.69 \,,rii 13.58® 13.65 13.68® 13.69 Ma' 13.700 1 3 80 13.450 13.47 lune . . . . 13.10® 13.66 13.48® 13.49 lulv J 3.40®: 13.47:13.52® 13.53 \ugust 13.50013.65! 13.62® 13.64 S.-ptembor 13.604/ 13.67 13.724( 13 73 October 13.60013.65 13.704/ 13.71 November 13.580 13.60 13.670 13.69 December 13.584/ 13.60 13.66® 13.67 ~Closed steady. Sales, 46,750 bags. COTTON SEED OIL. Cotton seed of) quotations: ~~~ I Opening. I Clesing. ■Spot 1 ' 7.1007.27 May 720 07.30 7 1507.25 June 7.2707.30 7.1507.17 Julv 7 300 7.32 7 180 720 \uguSt 7 350 736 7.240 7.26 September . 7 370 740 7.290 7.30 October . ... 7.3807 38 7.260 727 November 6 7.30 685 6 700 675 December 6.87'06 70 6.62476.65 " CloseUweakT sales 16,100 barrels LEADING STOCKS N® MD BREAK Sharp Declines Recorded Dur-| ing Late Trading—Market Develops Weakness. By CHARLES W. STORM. NEW YORK. May 16. Practically all the stocks on the list were under pressure at the opening of the stock market today The heaviest loss was sustained by t’a nadian Pacific, which at the outset sold at 267%. or 1% under last night's closing. This was the first time this week the market failed to show a strong tone al the opening. There was almost a com plete absence of demand, Steel yielding about half a point in the first few min utes. Lehigh Valle' opened %e off. but later rallied. American Smelting de clined %. The same gain was made in Amalgamated Copper, but prices subse quently reacted. Erie common and Southern Railway started with losses of %. The curb was Irregular. Americans in London were irregular. Canadian Pacific in London sold be neath .New York, but the tone was steady. The London market was affected by close/} exchanges in Paris and Berlin, where a holida,' was observed. ■ The heavy .selling which marked the early trading diminished in the late fore noon, and buying orders caused a firm tone. Fractional advances were made in steel common, Lehigh Valley and Read ing. A number of other tailroads and in- made slight gains. After losses ranging around 3 points In Reading. Lehigh Valley and Vnion Pacific and substantial reactions in many other issues in the late afternoon, a firmer tone prevailed in the last hour. The market elesed stead.'. Government bonds unchanged; other bonds steady. Stock quotations: |l.ast |Clos IPrev STOCKS— IHlghiLow. iSaie 1 Bid. tClse Amal. Gopper. 81 82%; 831., 83 Am. Ice See.,. 27? s 26%' 27'G ... 27% Am. Sug Ref 131% l", 0 1.31 * ...131% Am. Smelting 85% Sl’ a 81% .... 85% Am. Loconto... 43% 41%: 12 .... 42% Am. Car Fdv. .. 59 58% 5S'„ ....: 59'* Am. Got. Oil .. 51% 537a! »4% 54% Am. Woolen ; 29'* Anaconda ... 43 11%, 42%: ....' 12% Atchison 106>, 105'41105% ... IO6'« A. C 11 .. .I ...Jl4O Am Can .. 40% 36% 40% do. pref. . . 1 18'j, 116 ;118 .... 118% Am. Beet Sug. 74%' 71 T a 73% .... 74', Am. T. and T. 145% 145% 145% .... 115% Am. Agricul . 60%) 60 60 60% Heth. Steel ... 38% 37'- 37'- ... 39 ' R. R T 86% 85 85% . . 85% B. and < • 109% 109 HOU .... :109% Can. Pacific . 270 267% 268% . ...‘268% Corn Products 16% 15% 16 ... 16% ami " sot.. 78-% 79% .... 80% ! Consol Gas .Cl 12% 141% 141% .... 142', Cen. Leather . 26'., 26% 26'* .... 26'« Colo F and I 29 28% 29 • .... 29 Colo. South . .... 43 D. ami H 170% 169-% 170% .... 170% Den. and R. G. 20% ’ 20% j 20'*: .... 20% 1 Distil. Secttr... 32% Erie 36% 35% 35% .... 36% do. pref. ~| 53% 53% 51 .... 51 Gen. Electric 169% 168 Z 168%’ .... 169% Goldfield Cons.l 4 4 4 I ... : 4 G. Western . . 18 18 18 .... 15% G. North., pfd. 131% 131 'l3l .... 131% G. North. Ore... 42'- 41% 42 ....'42 Ini Harvester 121 * 120% 121 I .... 119'... 111 Central ... 125% 125’., 125%: ... 125% Interboro 20% 19%l 20% ... 20% do, pref. .. 59% 58ZI 58% ....I 58% lowa Central . . 1 .... 12% K. C South.... 25% 25% 25%’’ .... 25% K. and T ’ ... J .... I .... I .... 27 do pref . ’ 60% L. Valle' . . 176% 174% 174% ...-.176% I. an/l N. . . 159%'158% 159% ....160 Mo. Pacific . . 10% 39%: 39% . .. 401* . N. Y. Centra! 119% 118% 119% .'...119% Northwest.. 138 136”* I 36 7 B .... 138% Nat. N. and W . . 113% 112% 112% .... 113 No. Pacific . . 1.19's 118%i1i9% ....119% o and W. . . 38% 38%! 38 >....! 38% Penn 123% 123%'123'- ....1123% Pacific Mail . 32% 32% 32% ...’ 32% P. < las Co. . . ... : .... '109% P. Steel Car. . 35%’ 35% 35%' .... 35% Reading . . . 176% 173% 175 ' . . .1177 Rock Island . 28%! 27% 27%l .... 28% do. pfd.. 57% 56%| 56% I 57% R. I. ami Steel 24% 23% 23% ....' 24% do. pfd.. . .: 80 180 80 ' .... 80 S. -Sheffield. J .... .... ....' ....I 51% So. Pacific . . 111% 110% 111% ....'ll2 So Railway . 29 28% 28% ~..: 29'., do pfd.. . . 74 73% 73% ...J 74% St. Paul . . . 107 106 , 106% .... 107% Tenn. Copper 44 42% 43% .... 42 7 a Texas Pacific 11 24 Third Avenue 40% 10% 10% ....' 40 I nion Pacific 172', 16V, 170 .... 172% I'. S. Rubber 59'j 58%) sfi%| ~..1 59 l ialt Copper 63% 62% 62%’ ....' 63 I'. S. Steel . . 70% 68" s t>!)% ... 70% do. pfd.. . .'llO% 110% HO". .... 110% V. Client. ’ 52% 51% 51% ....! 52 West. I nion .' 83 82% 82'- ... 83 Wabash . . . ...J .... 9 do. pfd.. . . 21% 21% 21'... .... 21% West. Elec .... 75 Wis. Central . 53 W, Maryland 59 Total sales, 915,615 shares. MINING STOCKS. BOSTON. May 16 Opening Old Col ony 9%. Indiana 20',j. Smelter preferred 48%. Butte Superior 36%, Arcadian 4%, Mayflower 11. LOCAL STOCKS AND BONDS. BM Asked Atlanta * West Point R R... 141 145 American National Bank ... 205 210 Atlantic Coal & Ice common. 102 104 Atlantic Coal * Ice pref 93 94 Atlanta Brewing & Ice C 0... 175 Atlanta National Bank .... 325 Central Bank * Trust Corp.. 149 15a Exposition Cotton Milla 16(1 155 Fourth National Rank 225 230 Fulton National Rank 125 130 Ga Rv. & Elec, stamped.... 127 130 Ga Rv & Pow. Co., common 28 31 do Ist pfd 82 87% do 2d pfd 43 45 Hillver Trust Company 126 130 Lowry National Bank 248 250 Realty Trust Company 108 no Sixth Ward Bank 99% 101 Southern Ice common 72% 74 Third National Rank, new .. 200 210 Trust Co of Georgia 212 214 Travelers Bank A- Trust Co.. 125 126 BONDS. Atlanta Gas Light Ist 05.... 104% ... Georgia State 4%5. 1915 .... 101 103 Georgia Midland Ist 3s 60 63 Ga. Rv * Elec Co 5s 101% ... Ga. Ry. & Elec, ref 5s 99 99% Atlanta Consolidated 5s 104 Atlanta Northern Ry 55.... 95 Atlanta City 3%5, 1931 91 93 Atlanta City 4%5. 1921 103 105 Southern Bell 63 99 4 LIVE STOCK MARKET. CHICAGO. May 16 Hogs Receipts 22,000. Market 10c higher; mixed and butchers, 87.400 8.02. good heavy $7,800 8.05, rough heavy $7.100 7.65. lighi $7,350 792 pigs $5.500 7.10, bulk $7.8007.1'5. Cattle Receipts 4.500 Market strong, beeves $6.100 9.30, cows ami heifers $2.50® 8. stoekers and feeders $4.850 6.85, Tex ans $5.800 7.40. calves $6,500 8.25. Sheep - Receipts 10.000 Market weak; native ami Western $4.7506.10, lambs $6,250 8.90. COTTON MARKET OPINIONS. .1. S. Barbe A Co.. We still believe the distant positions a purchase on any decided reaction Stemberger. Sinn A Co.: The market should afford good trading opportunities. Thompson. Towle A- Co.. For the time being we prefer buying the new crop months Hally A- M.negonrt' . 'A •• believe the general outlook poor enough and pr'cea reas<»nable enough to warrant buying on a scale-down Ask anv business man and be will tell tou The Georgian Want Ad column reach more people and bring better results that could hot be obtained in any other medium in this section. I ATLANTA MARKETS I J l-JKi'S b'rrsh country candled, I BUTTER—Jersey and creamer”, in lib j l»lnrkj«. fresh c<nintry dull, l‘-’-2 : 15c per pound. DRESSED POULTRY—Drawn, head *nd 1 feet on, per pound. Hens, 17@48c: fries, j Roosters. Turkeyt, ow- j line to fatness. 18tf720c. LIVE POULTRY Hen«=. <n-®4sc: roost- j ers, ?s*/35c: fries. oOfaSOc: broilers. 25'fr puddle ducks. 35<i/-l0c; Pekin ducks, lo<Msc: ,'xccse. i»ofa6oc each; turkeys, ow- | ing to fatness. 174118 c. FRUITS AND PRODUCE. FR J l’j \\i > vEG ETA BLES—Lemons Haney. $3.504/4.30 per box. Florida oranges. s3.oo<</3.50 per box. Bananas, per pound. Grape fruit, ss.oofa 6.00 per crate. Cabbage. 1 2c per pound. Horida cabbage. $24i2.50 per crate. Pea nut s, per pound, fanev Virginia. 6Ms@’‘ c * choice, Beans. round green $1 75<f/2.00 per crate Florida celery, ; $2.00(h2.50 per crate. Squash, vellow. pet six-basket crates 50(8)2.00 fancy. < hoice. sl.2s<a 1.50 i>er cra.e. Beets. $3.00(83.50 per barrel. Cu cumbers. ]>er crate. English peas, per drum. New Irish po tatoes. per barrel, $4.50(85.00 per barrel. Strawberries, stfj6c per quart. Egg plants. $2.50 83 00 per crate. Pep per. $1.75 'n 2.00 per crate. Tomatoes, fancy. six-basket crates, $2.50 @'3.00; choice tomatoes. $1 s2.so<?< :>.OO per crate. < minus. per _hushel. Svveet potatoes, p. yam, $1.50 1.75 per bushel Cranberries, 12.00 per barrel; sflc per gallor.. PROVISION MARKET. (Corrected by White Provision Ca.) Cornfield bams, 10 to 12 Iba. average, 16c. Co-nfleld hams, 72 to 14 lbs. average 16c. Cornfield skinned hams. 16 to IS Iba.. average, picnic hams, 6 to S lbs. aver- Cornfieid breakfast baron, 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. 10(. Cornfield bologna sausage, 2b-lb. boxes, 9c. Cornfield luncheon hams. 25-lb. boxes. 11c. Cornfield spiced Jellied meats In 10-lb. dinner pails, ]oc Cornfield smoked linn sausage, 25-lb. boxes, 9c Cornfield smoked link sausage In pickle, 50-lb. cans. $4.25 Cornfle’d frankfurters In pickle, 15-lb. kits. sl.bo Cornfield pickled nigs feet. 15-lb. kits, SI.OO. Cornfield pure lard (tierce basis), 12lie. Country style pure lard, 50-lb. Uns only. 12c Compound lard (tierce basis), 9s£c. D. S. extra ribs, 11 ’nc. D S. rib bellies, medium average. 12’ 4 c. D. S. rib bellies, light average, 12<&c. FLOUR AND GRAIN. b’ljOUR Postell’s Elejant, $7.50; Gloria (self-rising). $6.50; Victory (finest pat ent). $6.75; Faultless, finest. $6.50; Swans <lo\vn (highest patent), $6.25. Home Queen (highest patent), $6.00; Puritan (highest patent), $5.00. Sun Rise (half patent). $5.50; Tulip flour. $4.50: White I <’lmid (highest patent), $5.75: Diadem ' < highest patent). $5.50; Farm Bell, $5.40; Paragon (highest patenti. $6.00; White Lily (highest patent), $5.75; White Daisy, $5.75; Southern Star. $5.50. Sun Beam, $5.50; Ocean Spray (patent », $5.50. CORN Tennessee White. red coh, | $1.10; No. 2. white, $109; cracked, $105; | yellow, $1.09; mixed. $1 OR ; MEAL Bolted, 12-lb sacks. 92c; plain. 144-lb. sacks. $1 01: 96-lb. sacks. $1.02; 48-lb sacks. $1.04: 24-lb sacks, $1.06. OATS Fancy white clipped, 74c; fancy I white, 73c; mixed. 72c. (’OTTON SEED MEAL Harper. $29. COTTON SEED HULLS—Square sack* SIO.OO per ton. FEEDSTUFF. SHORTS—Halliday white, 100-lb sack* $1.95; fancy, 75-lh. sacks, $1.90: P. W 75-Ih. sacks. $1.85; Brown, 100-lb. sacks, $1.75; Georgia feed. 75-lb sacks, $180; bran? 100-lb sacks, $1.75; pure 75- lb, sacks. $1 70; Horncoline. $1.85: Germ meal. Hotnco, $1 R 0; sugar beet pulp, 100- lb sacks, $1.55; 75-lb. sacks, $1.60 CHICKEN FEED Beef scraps. 100- pound sacks, $3.50; 100-pound sacks. $3.25; 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, s2.ln; Suc cess baby (hick, $2 10. Eggs. $2.20; Vic tory baby chick. $2 30; 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. $1: oysfersheil. 80c. GROUND FEED—Purina feed. 175-in. sacks. $2.00; Purina molasses feed. $2.00; Monogram. 100-lh. 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, $1.85; alfalfa meal, $1.50. SEEDS (Sacked)—German millet $1.75; cane seed, amber. $1.65; cane seed, orange. $1 40; Wheat (Tennessee), blue stem. S’. 40; rye (Georgia) $135; Appier oats, 85c; red rust proof oats, 72c; Burt oats, 75c; Texas rust proof oats. 70c; win der grazing. 70c; Oklahoma rust proof, 50c; blue seed oats. 50c. .JAY—Per hundred weight: Timothy, choice alrge bales. $1 90, Timothy, choice third bales. $1.60: Timothy No. 1. small bales, $1.85. alfalfa hay, choice, $1.65; Timothy No. 2. $1.50; Timothy clover mixed. $1.45; clover hay, $1.50; alfalfa hay. 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, standard granu lated. 5 3 4 c; New York refined, plan tation. 6c. COFFEE. Roasted (Arbuckle’s). $24.25; AAAA. sl4 50 In bulk; In bags and bar rels. $2.10; green. 19c. RlCE—Head. fancy head, 5% @f,' c according to grade. LARD Silver leaf. 12’/2»’ r»er pound; Soco, 9 3 «c per pound; Flake White. 9%c ppr pound. Coitolene, $7 75 per case; Snowdrift. $6.25 per rase. CHEESE Fancy full cream. 22r. SARDINES Mustard, $3 per case; one quarter oil. $3 MISCELLANEOUS Georgia cane svrup 38r. axle grease, $1.75; soda crackers, 7 1 4 c; per pound: lemon crackers, ?c: oyster. 7'-; tomatoes (2 pounds). $2 case; 3 pounds, $2.75, navy beans, $3.10: Lima beans. 7\c. Shredded biscuit. $3 60; rolled oats, 54 per case, grits (hags). $2.20: pink salmon. $5.10 per case: penpor. 25c per pound; R. E. Lee -almon. $7 50: cocoa. 38c; roast beef. $3 F 0; syrun. 30c per gallon. Sterling | ball potash. $3.30 per case; soap. $1.50@4 pe»- case, Rumford baking powder, $2 59 per case. SALT One hundred pounds. 49c; salt brick (plain), per case, $2.25; salt brick per rase. $4 85; salt red rock. 100 pounds. $1; white rock, 100-jb sacks, FISH. FISH Bream and perch, 6c per pound, snapper. 9c per jmund; trout, 10c per pound; bluefish. 7c per pound; pompano, 20c per pound: mackerel, 15c peri pound; mixed fish. 6c per pound, black i ba»s, 10c per pound; mullet, $ll.OO per barrel. HARDWARE. PLOWSTOCKS—HaIman, 95c; Fergu gon. $1.05. AXLES--$4.75(8’7 per dozen, base. SHOT—S 2 25 per sack SHOES- Horse, per keg. LEAD Bar. 7’<c per pound. NAILS Wi.-e, $2.05. base. IRON —Per pound. 3c base; Swede t’,4c NEW YORK PRODUCE MARKET. NEW YORK, May 16. Wheat quiet; July SLIGHT 1.16’ 4 ; spot, N<% 2. $1.24’’ 4 in elevator. $1.24 f. o b. Corn steady: N<>. 2. in elevator, nominal; export No. 2 87’v f. o. b., steamer nominal; No. 4 nominal. Oats easier: natural white 627/64 white clipped 64'1/66. Rye quiet; No. 2 nomin al f o. b. Now > ork. Barlev steady; malting $1,257/1.38 i. f Buffalo. Hay steady; good to primp $1 407/1.65; poor I to fair $1,257/1 50. Flour dull; spring pat- I ents $5,707/6.20; straights >5.407/ 5 60; | clears *4 857/ 5.10, white' patents $5,907? I 6.10; straight.- *5 >57/ 5 60. clears, $4 /5(8 ! 5.(>0 Beet steady fam’iv $18.00*818.50. Pork dull: mess S2O 5077 21 25; fam.il’ S2O 257? 21 50 Lard -ueadj . c>ty steam middle West pot 11 20 bid Ta’low steadv; city, ti hogsheads, country, in tierces, * GEREOARKETS WEAK AND LOWER Wheat, Com, and Oats Close at Declines Ranging From 7-8 to 4 3-4 Cents. ST. LOUIS CASH QUOTATIONS. j Wheat No. 2 red 122 0124% »’orn 81 0’ 81% Oats 56% CHICAGO, May 16. Wheat opened un settled and a little lower on continued favorable crop news and further rains in the winter wheat belt. All rhe losses were soon regained, however, under mod erate buying. Trade was small Con siderable support, came from shorts Liv erpool came %d higher to %d lower. Broomhall attributed the strength to cov ering by May shorts and reports of the reduced crop prospects; Corn was fully sustained to a. shade higher at the opening by wet weather. There was little doing Oats were %to %c higher A good de mand was the strengthening factor. Provisions opened unsettled with pork lower and ribs and lard stronger. There was a fair commission demand early, but selling by longs soon began and the mar ket eased off. Wheat closed sharply lower with prices showing losses ranging from 2 to 4%c. the May option showing the greatest 1/Jss. While the market was heavy all day." It became panicky In the' last half hour' of the session and prices went to. pieces. Liberal receipts, favorable crop reports and weakness in cnarhe grains sapped the strength. Toward the close general selling of long wheat on stop .orders be gan. The big longs stood aside and let. the" market take its course. Corn also dropped sensationally, prices at the close showing declines ranging freyn 1% to 4%c. After an early show' of strt>"gfli the market was dull and feature less iirttil just before the close, when it wegt to pieces with the other grades on general selling. Oats closed sharply lower with the other grains, final prices showing losses of’% to 2%('. The break in wheat- was 1 lie big Influence Provisions dosed with losses in pork of 80 to 85c, in lard ,jf 12c to" 15c and in ribs from 1" to 22%c. There was heavy realizing all day Finally the whole pro vision list gave way with grain. CHICAGO GRAIN MARKET. Grain quotations: Frev. Open. High. Low. Close. Close. WHEAT— Mav 1,15% 1.1.6% 1.11% 1.11% 1.16% July 1.11 1.11% 1.06% 108% 1.11% Sept. 105% 1.06', 1.03% 1.03% 1.05% De/'. 1.05% 1.05% 1.03% 1.03% 1.05% CORN - May 81 81 76% 76% 80% July 77% 77% 74% 74% 77% Sept 75 75% 72% 37 ' 75 Dec. 63% 63% 63 63 63% OATS- 1 ■ ’ ?' Mav 56 56 52% 53%“ ' 55% July 52% 53% 50% 'S2% Sept 43 43% 42% 43% 43% Dec. 44 44% 43% 43% 44 I PORK - Mav 16.35 18.35 18.35 18 35 19.15 Julv 19.40 19 40 18 55 18.55 19.37% Sept. 19.55 19.60 18 72% 19 72% 19.52% x-ARD Mav 10.92% 10.92% 10.70 10.70 10.85 July 11.02% 11.25 10.82% 10.82% 10.97% Sept 11.25' 11.25 I'oo 11. On 11.15 RIBS— Max 10.30 10.30 10.30 10.30 10.47% Julv 10.57'... 10.62% 10.35 10.35 10 57% Sept. 10.80 ' 10.80 10.50 10.52% 10.72% ! ' - ,»w- ■■ . CHICAGO CASH QUOTATIONS. CHICAGO, May 16. Wheat. No. 2 red. 51.15%0 1.17. No. 3 red. $1.1301.15; No. 2 hard winter, $1.15%©1.17%; No. 3 hard winter, $1.13%0 1.15% : No. 1 northern spring. $1 1701.20: No. 2 northern spring. $1 150 1.18: No. 3 spring. $1.10%@1.16. Corn. No. 2.'81 0 81%: No 2 white. 81'-2 0 82: No. 3 yellow, 81%0'82. No. 3. 77%0 79. No. 3 white, 79%; No. 4. 72072%; No. 4 white, 72%073; No. 4 yellow. 72 0 74. Oats. No. J white, 56%®’57%; No. 3 white. 56056%; No. 4, 55056'%; Standard, 56 % 0'57. CHICAGO CAR LOTS. Following are receipts for Thursday and estimated reteipts for Friday: IThursday.l Friday. Wheat '3 T 63 Corn 158 ' 150 Oats 190 ' 175 Hogs . . _ ._. 22,000 ! 18,000 PRIMARY MOVEMENT. “ WHEA T— ~T~ 1813 I ~»n Receipts ! 591.000 465.000 Shipments .. ..' 640,000 291,000 "corn" I Receipts I 439,000 280,000 Shipments 805,000 415.000 LIVERPOOL GRAIN MARKET. Wheat opened unchanged to %d lower a' 1:30 p in. was %d higher and %d lower for Oetoner and unchanged for July. Closed l/d higher to %d lower. Corn opened unchanged; at 1:30 p. m. was easy %d to %d lower. Closed %d to 3 sd lower. NAVAL STORES. SAVANNAH. May 16 —Turpentine firm at 48; sales. 173; receipts. 1.238. Rosin flrm; receipts. .2,039; water white, $7 35; window glass, $7.30; N. $7.25. 51, $7 25; K. $7.22%: I. $7.20; H, $7.17%; G, $7 15 F, $7.12%; E, $6.80; D, $6.50; C. B, A. $6. People of Small Means are as welcome to participate in th<> benefits conferred by this bunk as are men of wealth. The American National Bank recognizes as its legitimate function helpful co-operation with those of modest income, and highly appreciate the sup port which it receives from this class. People who desire to open a modest cheeking account, in vest money, embark in a busi ness enterprise or establish a saving plan are invited to con fer with the officers of AMERICAN NATIONAL ! BANK 23