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COOK'S SCHEME
HAS ITS FAULTS
Public’s Attitude Toward the
Railroads Is Undergoing
Steady Change.
By B. C. FORBES.
NEW YORK. May 28. A twenty-five
billion dollar "holding company" to con
trol the railroads of the United States.
» .under the plan drawn up by Mr. Wil
liam W. Cook and outlined here yester
da • . i.« at first glance alluring Rut the
more the proposal is studied, the greater
a nd graver are the objections that spring
to mind. Many of Mr. Cook s statements
would seem to call for modification in
••iew of recent events. Let me try to
comment briefly on some of them.
The issue, he affirms, is ‘‘Socialism or
Not? - ’ I d*> not think so. f« it not true
’hat the government, through the inter
state commerce commission, has at last
placed th* bit in the mouth of the rail
’ ads ami can force them to move in
whatever direction is desired'*
Already the public clamor against th*
•ailrosds has in large measdre subsided.
Indeed, the public are today complaining
’ess than are the railroad managements.
Decision after decision has been handed
down aaginst «Ihe transportation compa
nies and very few in their favor. The
interstate commerce commission certain
ly can not he accused of showing favorit
ism toward the companies. The latter
have repeatedly’ complained that th* com
missioners regard themselves more as
the champions of shippers than as im
partial judges. So uncomfortable have
numbers of roads been made that any
appeal for government ownership is as
likely to come from the managers as from
the general public.
• ♦ *
Railroad regulation, in ntner words, lias
become very effective. It is no longer
toothless, innocuous, a mere theory. It
offering strong, insurmountable har
riers against practices which used to
arouse the public's ire Therefore, the
present conditions have not become Im
possible or intolerable from the public's
point of view An era of fairer play has
been opened up.
* ♦ •
The $25,000,000 combination, therefore,
is not urgently necessary to rescue the
country front socialism. Moreover, such
a plan does not appear feasible. To
begin vyith the 3 per cent guaranteed
stock proposed would not find a market
A substantially higher rate of dividend or
Interest would have to be paid. Even
then th* scheme would be so much in
the nature of an experiment an experi
ment on a scale never before attempt’ll
h' any nation that investors would in
ail. probability prefer to hold aloof not
withstanding the government guaranty.
Is the claim that the plan "would not
impair the efficiency of the present rail
way staff' incontrovertible'' (’an it be
seriously argued that railway officials
barred from earning for stockholders
above a certain fixed percentage would
produce the results attained under exist
ing corporate ownership? Would not part
of the present incentive be removed?
Would not initiative be dulled? Would
not numbers of our ablest railroad men
to whom moneymaking Is not the first
considerstion quit rather than be sub
jected to the new form of domination '
...
The pro.lec! would be revolutionary,
no ma'ter how carried out If the rail
roads wore to be slyly picked up when their
' securities were depressed, there would
he increasing uncertainty in investment
circles, for the owner of shares paying,
say, 7 per cent, would never know the
moment he might be Informed that his
dividend would be cut to the 3 per cent
rate a matter of infinite importance.
Or. if properties were to be acquired by
condemnation topsy-turvydom would
reign. Mr. Cook says of Socialism: “It
Is the direct antithesis of the Anglo
saxon idea that whatever a man honestly
acquires becomes his own. to dispose of
as he sees fit.” How would the con
demnation procedure square with the
clause I have put in black letters?
* * ♦
Railroad management in America has
been lifted from the speculative mud In
which it was wont to disport. It is
cleaner now. It is watched closer. It
has to keep within bounds prescribed by
governmental bodies The public are no
longer absolutely defenceless. They have
driven the railroads out of politics. They
are gradually demanding that no new
securities be issued without governmental
l-- e deral or state -sanction.
...
Finally, the capitalists who wield tre
mendous power over our railroads at
least realize that they can not snap their
■ fingers at public sentiment. The old au
tocratic. brutal attitude has been dropped.
Warning has been given that the people
will assert themselves as masters of the
situation, and that if drastic measures
become necessary action will be taken.
The constant Increase In the number of
citizens holding railroad stocks can have
but beneficial influence. And surely the
reformed currency system should go some
waj toward correcting the evils of con
centrated capital —evils that constitute a
danger to the orderly continuance of the.
republic.
Capital is on trial 1* knows that if it
does not act squarely vengeance will be
taken in one form or another. For the
present, however, the suggested twenty
ti\e-billion-dollar holding company and
other schemes for nationalization can he
held in abeyance, don't you think?
READ FOR PROFIT
GEORGIAN WANT ADS
USE FOR RESULTS
Louis B. Magid & Co.
Investment Bankers
1014-1034 Canller Buildin?. At an a Phonjs In 4458-4459
1,000 JI BIG W
BOOST HIGHWAY
Georgia and Carolina Road En
thusiasts Indorse Appalach
ian Project at Cornelia.
CORNELIA. GA . May 28 With more
than a thousand persons from three states
in attendance, a monster good roads
meeting and barbecue was held here to
day to further the proposed Appalachian
highway through the mountains of Geor
gia. the Carolinas and Virginia
The proposition is to construct an au
tomobile highway starting at Norcross, in
Gwinnett county, and passing through
Hall. Banks. Habersham and Rabun
counties, up the Tallulah river to Frank
lin. N. C . and thence through the Lit
tle Tennessee and French Broad valleys,
by Highlands and Asheville, N. C.. to a
point in Virginia. This would give a
"dry" route between Virginia and Geor
gia. as there would be but two or three
small streams to cross. At Norcrass. on
tlte south, and at a point ip Virginia, on
the north, this road would connect with
the National highway
Among the cities and towns represented
here today are Greenville. Seneca. Spar
tanburg and. Walhalla. S. C.; Franklin,
Highlands and Asheville, N. C.. and Toc
coa. <'larkesville. Commerce. Clayton,
Gainesville, Demorest. Mount Airy. Tal
lulah Falls. Buford and Noroross
Ky. to Instruct
For Champ Clark
LOUISVILLE. KY.. May 28—The
Democratic state convention will be
called to order here ai noon Wednes
day. Champ Clark will get the in
structions for president, but there is a
bitter fight between Governor Mc-
Creary and the administration on one
side and between Senator-elect James.
Henry Watterson and their support
ers on tlie other for control of the state
convention and the party organization.
The tight seems close and both sides
are claiming it. Governor McCreary
and Senator-elect James will be put
forward as the rival claim candidates
for convention chairman
Taft Men Bolt
Texas Convention
FORT WORTH, TEXAS, May 28. Taft
delegates tn the Republican state conven
tion bolted before the session was called
to order at I o'clock this afternoon. Their
action was taken after the steering com
mittee reported to them that 175 delegates
from contested counties had been seated
without giving their names or submitting
credentials. This makes it certain that
the Texas delegation will be contested in
Chicago.
SOME HAIL IN THIS
KENTUCKY TOWN OF
MANNING,EH,WHAT?
HOPKINSVILLE, KY. May 28 Say!
It would hustle an ostrich to lay eggs as
big as those hailstones. Listen!
Comes now Manning, state of Kentucky,
county of Christian, being duly sworn,
deposes and says:
"That the said hall fell upon and heat
up the said town of Manning, smashed
through the roofs of the buildings, formed
a drift 3 feet deep, broke the right arm
of Eugene Childress, fractured the hand
of Payton Parsons, killed numerous head
of stock, to wit: calves, hogs and chick
ens; injured slightly a number nf citi
zens and left ice enough in chunks—9
inches long bv 3 inches wide by 3 inches
thick—to make the ice trust jealous, and
that the drifts are still in the street To
da And further deponent sayeth not ’
P. S.- What more could he say?
ROADS AGREEING TO
CUT OUT EXCURSIONS
FACE PROSECUTION
CLEVELAND, OHIO. May 28. Five
railroads entering Cleveland face prosecu
tion under the criminal sections of the
Ohio anti-trust law for refusing to run
Sunday, picnic and week end excursions.
Representatives of the roads—the
Pennsylvania, the Ijake Shore and Michi
gan Southern, the Baltimore and Ohio and
the Erie and the Big Four—according to
Attorney General Hogan, met in Chicago
and agreed to do away with the excur
sions. Hogan has filed action at Colum
bus summoning the railroads to show’
why they should not be prosecuted for es
tablishing an illegal combination in re
straint of trade.
R. R. TICKET AGENTS OF
SOUTHEAST MEET HERE
Passenger agents from all over the
Southeast, including many general pas
senger agents of various railroads, are
meeting in Atlanta today. C. B. Ryan,
general passenget agent of the Sea
board. from Norfolk. Va.. and a num
ber of other visitors reached this city
last night.
Following their session at the Equi
table building the entire party had
.lunch at tile Capital City club. Auto
mobile rides and other entertainments
have been arranged.
BURGLARS TAKE ENTIRE
$6,000 JEWELRY STOCK
CLEVELAND. OHIO. May 28 Burglars
who thought they could find a use for
evert little thing cleaned out the jewelry
store of <’ IL Kinnaman. on Cedar ave
nue. toda> The entire stock of the place
was carded away The loss is estimated
at $6,000
THE ATLANTA GEORGIAN AND NEWS: TUESDAY. MAY 28. 1912.'
pNEWS AND GOSSIP
Os the Fleecy Staple
(From Hayward & Clark.)
NEW YORK, Maj 28 Carpenter. Bag
got & Co.; Spot people buying and short
covering causing advance. Selling scat
tered.
Dallas, Texas, wires: Texas, western
portion clear, balance general!' cloudy;
high south winds; cooled. Oklahoma,
generally cloudy and cooler.”
Special reports to The Journal of Com
merce on crop conditions.
North <'’aroiina- Cold wet weather re
tarded planting ten to fifteen days and
much cotton is not jet up. Reductions in
acreage are moderate and no reports of
replanting are heard. Cool nights have
retarded growth, but stands, where ob
tained, are generally excellent. But few
I complaints have come in sn far. and per
centage condition will probably figure out
quite as good as last year Prospects
are quite up to the average.
South <’arolina On account of wet
weather plantinfg was much delayed and
the crop is ten to fifteen days late. (Jot
ton is not vet all planted, and some cor
respondents consider it too early to es
timate acreage or condition with any ac
curacy Soil has been poorly’ prepared,
but two weeks of favorable weather has
allowed work to progress satisfactorily,
and estimates of percentage condition
compare favorably with last year, when
it was 74%. Early planted <?otton shows
good stands, and the plant is generally
healthy. Conservative estimates of acre
age reckon on a 5 to 10% reduction. but
there are quite a few correspondents who
anticipate higher percentage.
Florida Heavy rains have injured the
prospects in the low lands and the out
look at present is rather poor.
Following are 11 a. m bids: July 11.03.
October JI 19. December 11.28. January
11.24.
NEW ORLEANS. May 28. Hayward X-
Clark: Weather developments continue
very favorable. The map shows very
favorable conditions. Partly cloudy to
fair; general showers in the Atlantic?. In
dications are for increasing cloudiness
generail.vy. probably some scattered
showers, cooler in the western belt.
New Orleans Times-Deniocrat. Neither
the Federal government. The Times-Dem
ocrat nor any other recognized authority
has found it possible to gather accurate
information concerning the 1912 cotton
acreage so early in June. Nevertheless,
in spile of the backwardness of the crop
and the fact H at planting is not yet fin
ished, bearish operators generally accept
ed a rumor to the effect that a Memphis
man had guessed, would guess or may
guess the condition as 79.4. and the acre
age as 7% decrease, and a tangible bit of
gospel such as is usually’ accepted by the
elect, and acted accordingly. However,
the long promised avalanche of selling
cost the price only about $1 a bale The
weather continues favorable and the
weather man promises warm weather ami
showers during th* week. Such a com
bination will help the plant. It will also
give rise to a further bearish
and within a day or two talk of declines
on legitimate influences may become gen
eral. Under these circumstances th*
claim will be made that levels low enough
to attract fresh trade buyers alone will
suffice.
_ THE WEATHER”
__
Conditions.
WASHINGTON, May 28. Unsettled,
showery weather will prevail generally
tonight and Wednesday over the esatern
and southern portions of the country with
somewhat lower temperature over the
northern districts.
'The winds along the New England coast
will be brisk southwesterly. On the At
lantic coast brisk southwesterly (>n the
South Atlantic coast moderate south and
southwest: on the east gulf coast moder
ate to brisk south and southwest.
General Fosecast.
Virginia Showers late tonight or on
Wednesday; slightly cooler Wednesday
in western portion
North ('aroiina. South Carolina. Geor
gia. Alabama and Mississippi Local
showers tonight or Wednesday
Florida —Showers tonight or Wednes
day.
Louisiana and Arkansas Unsettled
with showers tonight or Wednesday.
Oklahoma and West ’Texas - Fair to
night and Wednesday.
East Texas—Cloudy tonight; Wednes
day fair.
DAILY WEATHER REPORT.
Max 28, 1912.-Atlanta. Ga Lowest
temperatupr.e. 64: highest temperature.
86; mean temperature. 75. normal tem
perature. 71. rainfall in 24 hours, 0.75;
excess since first of month. 0.21; excess
since first of year, 8.20.
REPORTS FROM VARIOUS STATIONS
" stations” Weath. Temperature R’fall
I 7 Max. 24
a. in. y'day.ihou rs_
Atlanta Pt. cldy. 68 86 0.75
Atlantic City. Clear 62 64
Anniston . . Cloudy j 72
Boston (‘lear 68 82
Buffalo (’lear 72 ! 76 ■
Charleston . . Cloudy 76 78 T.
Chicago Cloudy ’ 60 81 0.18
Denver Clear 54 74
Des Moines... (’lear 64 88
Duluth Cloudy 44 56 0.06
Eastport. Me.iClear 58 78
Galveston . ... rt.cldy. 78 84
Helena Cloudy 78
Houston . . rt.cldy. 7R
Huron. S. D.. Uloudy 56 76 0.06
Jacksonville . IClear 7’> 92 0.94
Kansas Ctty.. (’lear 72 86
Knoxville . . .. Cloudy 68 88 0.28
Louisville . ... Cloudy 74 90
Macon Pt. cldy. <2 1 1.41
Memphis . . . Cloudy "4 88
Meridian . Pt. cldy. 72
Mobile Clear ’ 78 86
Montgomery (’lear 74 90
Moorhead .... Pt. cldy. 56 68 008
New Orleans. <’lear 78 88
New York... (’lear 60 80 ....
North Platte. Cloudy ,68 94 ....
Oklahoma . . . Cloudy 68 94 ....
Palestine. .. Clear 76 88 , ....
Pittsburg Clear 72 82 _
Bland, Oreg., Cloudy 52 62 n 12
San Francisco <’lear 56 66
St Louis Raining 64 88 1.46
St Paul.. . . Pt. cldy. 58 8n ft .lß
Salt Lake Uty Clear 46 64
Shreveport ..(’’lear 78 90 _
Savannah ... Cloudy ‘2
’Toledo Cloudy 60 84 0.16
Washing ton ..< ’lear I 68 ’ 80 1 -■ - •
WEEKLY WEATHER REPORT.
WASHINGTON. May 28. Light precipi
tation occurred in scattered localities in
northwestern 'Texas, northern and west
ern Oklahoma, northwestern and central
Arkansas, southeastern Louisiana, north
ern and central Mississippi, extreme east
ern and extreme western Tennessee,
northern and western Alabama and
northwestern Georgia Along the \tlan
tic coast the precipitation was moderately
heavy. However, over the greater por
tion of the cotton region there was n<>
rain. The greatest weekly amount. Hi
inches. occurre«l at New Orleans.
Weeklv mean temperatures were from
1 to 8 degrees above the normal through
out the cotton region, the greatest excess
being In Oklahoma and northwestern
Texas The mean temperature ranged
from 66 to 80 degrees over the eastern
from 76 to 78 degrees over the central
and from 76 to 81 over western pori-on
of the cotton growing stales. ’l’h»- high
est mean temperature. 84 degrees, oc
curred at Del Rio. Texas
LIVE STOCK MARKET.
CHICAGO. May 28 Hogs Rpieipis.
12.000. Market slow mixed and butc hers.
Rood heavy. rough
heavy . light. s7.l o<a 7.52. p’gs
$3.15tf6.75: bulk. $7.45fa7 6O
Cattle Receipts. 25.000 Market steady
beeves. $6.001&9.40: cows and heifers,
$2.50'0 8.25; stovkers and feeders. $3,905/
6.85. Texan* $6.50 / &8.25 rahc S . <7 50 o
8.75.
Sheep -Receipts. 1 1.000 Markei steady
to strong native and Western. $5.00'0 6 S 3,
larnis,
METAL MARKET.
NEW YORK. May 28. At the metal ex
change today further strength was shown
with fair activity in the dealings
Quotations: Copper, spot 16.20'b 16 50.
May and June. 16.25(916.50; July. I
16.62 i ?. August 16.30'9 16.50. lead. 1 l.7 > « r O.
TEXAS MHtfl
BOOSTS COTTON!
High Temperatures. With No
Rain in Sight. Causes Ad
vance-Trading Quiet.
NEW, Y(,‘RK. May 28 Steady Liver
pool <abbs and need of rain in 'Texas
and'Oklahoma c aused the cotton market
to open steady today and the first prices
weye 1 to 4 points higher.
Spot was active in .Liverpool and fu
tures there were quiet but firm.
<>n the opening the market was quiet
and has continued so all during the day.
Spot houses were best buyers, causing a
rally ’The rings Is against the market,
however, and is ever ready (<• sell on ad
vances. Cordill I'*ports conditions in 'Tex
as excellent. With all the bearish in
fluences the markets holds remarkably
well.
In the afternoon the markei was
steady. 2 o'clock prices showing advances
of 9 to 12 points over the previous <J<»se.
’Temperatures were very high in 'Texas,
nine stations reporting maximums of 100
to 105.
At the close the markei was steady at
advances of from 7 to 11 points above the
closing quotations of Mrmdav.
RANGE IN NEW YORK
|« |S |3 |h| 8 ISt
May 11.97 11.06 10.97’ 11.06 11.05-06 10.95-96
June 10.91 10.91 10.91 HL9I 10.96-98 10 89-91
Julv 10.98 11.08 10.97 11.07 11.06-07 0.96-97
Aug. 11.06 11.13 11.06 11 13 11.11-12 11.02-04
I Sept. 11.13 11.13 11.13 11.13 11.16-17 1 1.06-08
Oct. 11.16 11.25 11.15 11.23 11.23 11.13-14
[Nov. 1 i. 27-29 11.17-18
1 Dec. U. 26.1 1.35 11.24 I 1.32 11.32-33 I 1.24-25
| Jan. 11.21 11.30 1 1.20 11.29 1 1.28-29 11.19-21
( Feb 1 1.32-34 1 1.23-25
’ M<>h - 1L 29 1 1.47 11 25 1 1. 39 11. 39-_4O 1 1. 28-JO
Closed steady
Liverpool cables were <lue 9U t<> 11
points lower, opened quiet but steady
lal 8 points decline. At 12.15 p. m. was
: quiet ala net decline of to !c 2 points.
Later cables were 1 i»oint higher than
j the Rbnve quotations Fair business done
I in spot cotton at 4 points decline, mid
dling 6.32 d; sales 8.000. including 7.700
American; speculation and export 500;
Imports 27.000, including 22.100 Ameri
can
At the close Ihe merket was steady 8
to 9U points lower than the previous
close.
RANGE IN LIVERPOOL FUTURES.
Futures opened easier
Opening z Free
Range 2 F*. M Close. Close.
Mac 6.13 6 13 6.13 6.21
May-June 6.14 -6.11 6.13 .6.13 6.21
June-July 6.13’^-6.1 2U 6.13 6.13 6.21
July-Aug 6.16 -6.15 6.1.6 6.154; 6.24
Aug.-Sept 6.17 -6.15’ 2 6.16'2 6.16
Sept.-(let. 612 -6.11 6J I'-j 6.21
(»d.-Nov. 6JO -6.10t 2 6.09’2 609'2 6.18’2
Nov.-Dec. 6.09'2 6.09 . 6.08'/2 6.174
Dec.-Jan. 6.09 6.09 6.08 6.17
Jan.-Feb. 6.0!) -6.08. 6.08 6.08 6.17
Feb -Meh. 6.1.0 6.09 U 6 08',2 6 18
Meh.-Apr 6.10’2-6.10 . .. 6.09’/ 2 6.18’ 2
Closed steady.
HAYWARD & CLARK’S
DAILY COTTON LETTER
<
1 NEW ORLEANS. May 28. The London
i News say s; "Dork strike assuming dis-
I quieting aspect. Possibility of strike be
coming national in increase.” Consider
ing such news and the large difference
■ from out markets. Liverpool held up very
! well today, showing no greater decline
than due on futures, and quoting spots
; only 4 points lower; sales. 8.000 bales.
'The report of The Journal \>f Commerce
on the two Carolinas was distinctly bet
ter than the trade expected.
It was reiM»rted-4Tere this morntffft Ttnrt
Ihr national ginners’ condition and acre
age forecast is only to May 16, but there
is no confirmation of this statement
Our market recovered about 10 points
this morning on demand attracted by
yesterday's depression and scarcity of
sellers due to anticipation of a bullish
weekly weather report, which is expected
to speak of high' temperatures in the
1 Western states. '
The market eased in the second hour on
a very favorable report frorti- 'Texas by' a
prominent crop inspector,
RANGE IN NEW ORLEANS FUTURES.
E i -P few! 4 ’ r ' r
C ; J P»| U i O.G
May' TftiOU.K? 11..’4 1.1.62 H.OO-01 11.51-54
.Intip 11..60-62 11 62-54
Julv ii. 55 11.63 11.55 1.1.61 11.61-62 11.53-54
•\ u g 1 1.48-50 1 1.39-41.
Sept' ii. 37 11.37 I.WKJ 1.37(11.40-42 11.32-34
"c: ' 11.29 11.36 1 1.28 1 1.34 11.32-34 11.26-27
NoV 11.34-36 11.38-30
rier if 31 11.38 11.31 11.35 11.35-36,11.29-30
Jan 11.36 11.39 11.35 11.38 11.38-39 11.31-32
Feb ' 11.10-<2 11.33-35
Meh. __ 1 1.44-46 1 1,38-40
Closed steady.
SPOT COTTON MARKET.
Atlanta, steadv; middling 11'~.
New York, quiet; middling 11.50
New ttrleans. steady; middling 11 9-16.
Liverpool, easier, middling 6.32 d
Savannah, uiiiet; middling HU.
Augusta, quiet; middling 12e.
Mobile, steady: middling 11'4.
Galveston, easy, middling li 9-16
Norfolk, quiet; middling 115,
Wilmington, nominal
Little Hock, quiet; middling 11%.
Charleston, nominal: middling 11'-.
Louisville, firm; middling 11’4.
Philadelphia, steady; middling 11.75.
Boston, qulel: middling 11 50
Baltimore, nominal; middling 11"*.
Memphis, steady; middling 12c
Si. Louis, steady; middling 11%.
Houston, steady; middling 11 7 »
PORT RECEIPTS.
The following table shows receipts at
lite ports today compared with the same
dai- last year;
_m2. r ion.
New Orleans. .. .[ 1.842 i 1.746
Galveston 4.062 224
Mobile . . . . 85 15
Savannah 2.045 459
<'harlestoti. . . . ■ ‘
Wilmington. .... 17 4
Norfolk. ..... . 33 236
New York ■ 51
Bost on 8
Various 100
■ x.iC'i 3,685
INTERIOR MOVEMENT.
i~~f9i2. I -1'91'17
Houston ’553 125
Augusta 118 40
Memphis 963 589
St. Louis 515 223
Cincinnati 545
Lit tie Rock ... 11l
—Total. . . .... 3.194 987
COTTON MARKET OPINIONS.
.1. S. Baehe & Co.: Advise the pur
chase of the distant positions on any fur
ther rea.-tion.
Hayden. Stone A- <'<*.; It will probably
be found hard to prevent a further de-
I cline.
Cell A ''o. We believe in tlie long side.
Rothschild A l l' will require un
favorable climatic conditions to < ause ad
\ an* es
NEW YORK COFFEE MARKET.
Coffee nut’lalinns:
, < tpenitig. j Closing
Janu;ir\ . 13.554/ 13.60 13.67*17 f 3.68
Februar' .... 13. ; 3.60 I 3.64 4/13.65
Marc' 13.574/ 13.58 13 694/13 70
April 13.574/I.; 60 13.6947 13.7(1
Mat 13.25 13.44*13.45
June 13 504/ 13.50 13.424? 13.44
July 13216 13.414/13 45
August ... . 13.M0@ 13.55 ! 13.544? 13.55
September .... 13.55 13.644/ 13.65
October 13.514/13 55 13.654/ 13.66
November
Closed steady Sale . 36,750 bags.
HARO COAL ROADSI
STOCK FEATURES
International Harvester Is Also I
Very Strong and Higher. |
Hill Issues Active.
By CHARLES W. STORM
NEW York. May 28. Despite reports l
from Washington that the proposed in- i
crease in anthracite prices is to be inves
tigated by the government the hard coal I
carrying and owning railroads were I
among the strongest stocks ai the open
ing of the market today. Valley |
opened 7 x higher, and within fifteen min- j
utes its aggregate gain over last night’s i
closing was 1 Reading rose % Balti- J
more and Ohio made a similar gain.
'Trading was quiet and prices moved m
slight variations. Some stocks ranged
higher through an absence of supply rath
er than because of increased demand.
Canadian Pacific opened at 263 7 s for a
loss of but later rallied and in fif
teen minutes had risen to 264 3 s .
The New York traction Blocks were
firm. Interborough Metropolitan opened
at 60 3 4, a gain of '-o. 1 . S Steel was up
Amalgamated Copper was up
Erie common was higher.
'The curb was easier
Adjustment in Canadian Pacific caused
dullness and declines in that issue in the
London market. Americans in London
were steady .
Irregularity marked the trading in the
late forenoon International Harvester
was active and strong, advancing 3 points,
and a gain of more than a point was made i
in Lehigh Valley. Pittsburg Foal was
fairly active and strong. A few special
ties were under pressure, however. Amer
ican Tobacco declining 3 points. The
Hill si >cks were active.
'The earlier dullness became more pro
nounced as the session advanced and in
the afternoon trailing was at a complete
standstill. 'The public was not represent
ed, and with the little business that was
done was in the nature of switching of
contracts by the professional floor ele
ment.
'The market closed dull hut steady.
Governments unchanged, fit her bonds
firm.
Slock <lllnrations
| !I*ast 1 Clas iPrev
STOCKS- ’HighlLow.iSaieJ Bid.lCTst
Amal. ('onperj 83',! 82Si" 82%! 82’4 ’B2'is
Am lee See. . 28-\ 38". 28-\ 28'. 28%
Am Stig. lief. 1.30 T3O 130 128% [129%
Am. Smelting 85% 85% 85% 85% 85'-
Am. Loeonio. 12% 43',C 42% 41% 42
Am ('ar Filt 58% 58%' 58% 59 58%
Am. (’ot. (til ' 54% : 54% 54'4' 53% 53%
Am. Woolen . .. 28% 38%
Anaconda ’ 42% 42% 42% 42% 42%
Atchison . . , d.06%1106% 1108% 108%.106%
A ('. 1 139% 139
Aip Gan 39-%' 38% 38% 38% 38%
do', pref 117% 1.17% 117% 116% 117
Am Beet Sug 72% 72 72 72 I 72%
Am T. anil T 145% 145% 145 Z .145%
Am Vgrlcttl. 62%l 62%' 62% 61% 62
Beth. Steel ...' ....' .... ....I 37% 37%
B. H. T 89% 89% 89% 89% 89%
B. and O . . 108% 108% 108% 108% 108%
< 'an. Pacific . . 264% 263% 263%;263% 263%
Corn Products 15%i 15% 15% 15%| 16
C. an/1 <> . 79'j 79% 79% 78% 78%
Consol. Gas .. .142% 142% 142'4442% 142
Cert. Leather .y..L....' 25%' 25%
Colo. F. and 1. ... J 28 I 28%
Colo. South .... 41%' 41
xf>. and 11. .. 172*- 172' - 172% 168 170%
I>en. and 1: %. II"-, 111%, 19% 19 19%
T'istil. Secur ........ ... 32 1 33%
Erie 35% 35% 35%: 35% 35%
do. pref ‘53 52% 52% 52%' 53
■Gen. Electric 171%H71 171 171 170
Goldfield Cons. 4% 4% 4% 4% 4%
G Western ..J .... . ...1 ...J 17%! 17%
G North., pfd. 133% 132% 132% 132% 132%
G. North. Ore.. 42% 42 42 42 42%
Int. Harvester 121 11.8 120 120 117
111. Central .. 125% 125% 126% 125% 126
Interboro ' 21% 21 21 21 21%
do. pref. . I 60% 60% 60% 60 60%
Towrt Central ... .‘ 12 15
K <’ South. 25 24% 24% 24 25
K and T ' 26% 26% 36% 26% 26%
do. pref ..I 58% 58*>l 58% 57 57
L Valley 177 176%1176% 176% 175%
L. anti N 158 157%.158 157% 157%
Mo. Pacific . 38% 37% 38 37% 38%
N Y Central 118'-, 118 118 118%, 118
Northwest 138'« 1.38 . . 138% 138 138%
Nat Lead. 58% 58%' 58% 58% 58%
N and W 112% 112%. 112%■ 142%1112%
No. Pacifb 120% 119% 120% 120% 119%
(Cand W .1 3T 37
.Perm.. . 123% 123% 123% 128%. 123%
Pacific Mail 33%: 33% 33% 33%' 33%
P. Gas Co.. 114% 114% 114’4 114% 114%
P. Steel Car. . 35 35 ' 35 35 34%
Reading . . 173% 172% 173 173 172%
Rock Island. 27 (27 : 27 26% 27
do pfd.. . 54% 54'- 54’4 54'- 54%
il. I. and Steel 23% 23% 23% 23 23%
do. pfd. C . 77 78
S.-Sheffield ....'.. 49 : 49
So. Pacific 111 % 111 % 111 ~ 11l %HI %
So. Railway 28% 28% 28% 28%; 28%
do. pfd. 75% 75% 75%! 74',*' 75
St. Paul. . 105% 105% 105-% 105% 105%
Tenn. Copper 45% 45% 45% 45% 45
Texas Pacific 23% 23%
Third Avenue 38% 39%
Cnion Pacific 171 % 170 c. 171 170% 170%
I'. S. Rubber 64% 63 64 % 64 63%
I'tah Copper 62% 62% 62% 62% 62%
1' S Steel 70 69% 69% 69% 69%
do. pfd 110% 110% 110% 110% 110%
V. Chetn. 51%. 51% 51%' 51% 51%
West I'nion S 3 % S 3 83 83 83%
Wabash . . . ' 7% 17%
do. pfd 18 4 18% ! 18% 18%' 18
West. Elec ' . ..' 73 ' 73
Wis. Central .' ....I ....I ....I 51’8 51%
W. Maryland . ' 59 '58%
—Total - sales. 145.000 shdrett x-Ex-divi-
.dend. 2% per cent.
MINING STOCKS.
BOS’l’i'N. May 28.- Opening; Calumet
and Arizona, 75: Greene Cananea. 9%;
Lake Copper. 38%. Miami. 26%: United
States Smelting preferred. 48%.
LOCAL STOCKS ANO BONOS
Bld Aakea
Atlanta * West Point R R.. 14* J 45
American National Barik ... STR
Mlantic Coal & lee common. 101 102
Atlantic Coal i- Ice pref 9* **
Atlanta Brewing A- lee C 0... 174
Atlanta National Bank .... 334
Central Bank * Trust Corp uo
Exposition Cotton Mills 1*«
Fourth National Rank 245 250
Fulton National Bank 125 Lin
. Ga. Rv. & Elec, stamped... 124 j 26
Ga Rv. & Pow. Co , common 28 Si
do. Ist pf'l 80 85
do. 2d pfd 42 44
Hillver Trust Company I:>s
Lowry Natior.al Bank. . 248 250
Realty Trust Company 108 hq
Sixth Ward Bank 99% mi
Southern Ice common 71 72’-
Third National Bank, new 205 210
Trust Co. of Georgia...... 225 235
Travelers Bank * Trust Co.. 125 1?5
BONOS
Atlanta Gas Light Ist ss. 101% 105
Georgia State 4 %s. 1915 ... 101 mg
Georgia Midland Ist 3s SO fj
Ga. Ry & Elec. Co. 5s 101
Ga. Ry. * Elec. ref. 5s 99 99%
Atlanta Consolidated 5s 102%
Atlanta City 3%5. 1931 91 92%
Atlanta City 4%5, 1921. . .. 102 103
Southern Bell 5s »» i/»%
NAVAL STORES.
SAVANNAH. Mav "8 Turpentine firm
at 45'1/45%; receipts 850.
Rosin firm: receipts 2,671. waierwhite,
$7 4047 7 50: » indowglass. $7.40. N. $7.40.
M. <7 :'.6'U 7 37'-: l< . s7.3o<h 7.23% I. $7.30
4/32' ? . H. $7.25% 7:12'-: G. $7.254?-7.32%:
P. $7.25<« 7 32% E $6 904? 720 l>. $6,604/
6.65 C. P,. t. $6 154/ 6.35
POULTRY. BLITTER AND EGGS.
NEW YORK. May 28 Pressed poultry
strati', turkeys. 134122; chickens, 17'1/28:
fowls. 11 %4? l '5% . ducks. 134122. geese.
114116 Live poultry irregular; fowls,
15%; turkeys. 12 tasked); roosters. 10%
(asked); ducks. 12 tasked), geese. 9
(asked>
Butter stead' . creamery specials, 274/
27%. creamer.' extras. 36t&26’-; state
dairy, tubs. 264/26’-. process specials, 26
I bid ■.
Eggs u regular nearby while fane'.
33:tbid> heart/.' hrowo fane', 20%®2|
extra first.-. llf 21 1 . firsts, 17%4/I'" 2
| ATLANTA MARKETS
EGGS - Fresh country candied. i7@lßc
BUTTER—Jersey and creamery, in Ute.
blocks, ?0’ fresh country dull. 10
12e per pound.
POULTRY —Drawn, bead and
feet on. per pound. Hens. IH4/17c; fries. .
25@r27c Roosters. J-ixlOc. Turkeys, uw
tng to fatness. 18@20c.
LIVE POULTRY—Hens. <o®4sc: roost- j
ers, 25(|f35c; fries. 30@50c; broilers. ■
30c; puddle ducks. 35(a40c; Pekin ducks, j
40(U45c; geese, 50&60c each, turkeys, ow
ing to fatness,
FRUITS AND PRODUCE.
FRLTT AND VEGETABLES—Lemons
fancy. per box. Florida
oranges. $3.00 ?r 3.50 per Dox Bananas,
per pound Grape fruit. ss.oofa) <
6.00 per crate. Cabbage, I'ofa2c per pound. ,
Florida cabbage. $2@2.50 per crate Pea
nuts. per pound, fancy Virginia. 6 l <«©7c;
choice. 6c. Beans, round green.
$1.75fa;2.00 per crate Florida celery,
$2.00fa'2.50 per crate. Squash, yellow, per
six-basket crates. lettuce,
fancy, $1.25@1.50; choice. $1.25fa1.50 pet
era.?. Beets. per barrel Cu
cumbers. 75@51.00 per crate. English
peas, per drum. $1 00fa'1,25. New Irish po
tatoes. per barrel. $4.50fa5.00 per barrel.
Strawberries, sfa6c per quart.
Egg plants. $2.500)3 00 per crate Pep
per, sl.7sfa 2.00 per crate. Tomatoes,
fancy, six-basket crates, $2 50*113.00.
choice tomatoes. Pineapples.
$2 .»ofa 3.00 per qrate. Onions, $2.00@2.5C
per bushel. Sweet potatoes, p. yam. $1.60
fa 1.75 per bushel Cranberries. Sll.COfa
12.00 per barrel; 50c per gallon
PROVISION MARKET.
(Corrected by White Provision Co.)
Cornfield barns. 10 to 12 lbs. average
16’ic.
Co-nfleld hams, 72 to 14 lbs average
(Cornfield skinned hams, 16 to II lbs.,
17 '2 c.
Cornfield picnic hams. 6 to t lbs. avar
12’/jc.
Cornfield breakfast bacon. 23c.
Grocer style bacon (wide or narrow)
1 17 i? c
Cornfield fresh pork sausage (link ot
: bulk), 25-lb buckets, 12c.
Cornfield frankfurters, 10-lb buckets,
• age, 10<
Cornfield bologna sausage, 25-lte. boxes,
9c.
i Cornfield luncheon hrtins. 25-lb boxes.
i lie
Cornfield spiced jellied meats In 10-lb
dinner pails. 10c
Cornfield smoked linn sausage. 25-lb
boxes. 9c
Cornfield smoked link sausaga In pickle.
60-lb. cans. $4.25
Cornfield frankfurters In pTckla, 15-lb
kits. sl.i>o
Cornfield pickled nigs feet. 15-tb klta,
SI.OO.
Cornfield pure lard (tierce basis), 12YsC
Country style pure lard. 50 lb. Uns only,
12c.
Compound lard (tierce basis), 10c.
D S extra ribs. ll%c
D. S. rib bellies. medium average,
12 « 4 c.
D. S. rib bellies, light average. 12 & 4 c.
FLOUR AND GRAIN.
FLOUR Postell s Elejant. $7.50: Gloria
(self-rising). $6.50; Victory (fines! pat
ent). $6.50; Faultless, finest. $6.25; Swans
down (highest patent), $6 25. Home
Queen (highest patent). $6 00: Puritan
highest, .patent). $6.00, Sun Rise (half
patent). $5.50: Tulip flour, $4.50; White
'’.oud (highest patent), $5.75; Diadem
’highest patent). $5.50; Farm Bell, $5 40;
Paragon (highest patent). $6.00; White
LEy (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 cob.
$1.08; No. 2, white. $1.07; cracked, $1.05.
yellow $1.05; mixed, $1.05.
MEAL-Plain 144-lb. sacks. $1.01; 96-lh
144-lb. sacks. $1.01; M-lb. sacks. $1.02;
sacks. $1.02: 48-lb. sacks. $1.04. 24-lb.
sacks. $1.06.
OATS Fancy white clipped, 74c; fancy
' white. 71c; mixed, 72c.
COTTON SEED MEA la Harper. $29.
COTTON SEED HULLS -Square sack*
$9.50 per ton
FEEDSTUFF.
SHORTS Hallkiay white. 100-1!, sacks
i 51.90; fancy, 75-lb. sacks. $' 85; p \V.
I 75-11). sacks. SI.BO. Brown. 100-lb sacks.
$1,75 Georgia feed, 75-lb sacks, $1.75;
bran, 75-lb. sacks. $1.70; 100-lb. sacks,
$1.65. HomcoMne. $175; Germ meal lU>m
i co. $1.75: sugar beet pulp, 100-lb sacks.
$1.55; 75-lb. sacks. $1.55
CHICKEN FEED Beef scraps. 50
pound sacks, $3.50: 100-pound sacks.
$3.25. Purina scratch, dozen pound
packages. $-.20. Purina pigeon feed,
$2.35; Purina baby chick. $2.30; Pu
rina chowder, dozen pound packages.
$2.20; Purina (’howder, 100-pound sacks,
$2.15; Purina scratch, 50-lb. sacks, $2.25;
Purina scratch. 100-lb sacks, $2.15; Suc
cess baby chick, $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 Iced. 50-lb.
aacks. $1: oystershell. 80c.
GROUND FEED—Purina feed. 175-ib.
sacks, $2.00; Purina molasses feed, $1.95;
Monogram, 100-lb sacks. $1.70. Victory
horse feed. 100-lb. sacks. $1.90, Milko
No 1. mixed. $1.80; No 2. $1.75; alfalfa
alfalfa meal, $1.50
ATLANTA LIVE STOCK MARKET.
(By W. H. White, Jr., of the White Pro
vltlon Comoany.)
Quotations based on actual purchases
during the current week:
Choice to goo<l steers, 1,000 to 1,200. 5 75
fa 6.50; good steers. 800 to 1.000, 5.50fa6.00;
medium to good steers. 700 to 850, s.oofa>
5.50: good to choice beef cows. 800 to 900.
4.50fa5.00; medium to good beef cows. 700
to 800, 4 25fa4.75; good to choice heifers.
750 to 850. 4.25 fa 5.25; medium to goo<l
heifers, 650 to 750, 4.00fa4.75.
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.
4.25fa4.70. mixed common cows, if fat. 600
to 800, 4.00 fa 4.25. mixed common bunches
to fair, 600 to 800. 2.75@3.50; good butch
er bulls. 3.25fa4.00
Prime, hogs. 100 to 200 average. 7.25 fa
775 c good butcher hogs. 140 to 160, 7.25 fa/
7.50; good butcher pigs. 100 to 140. 7.00 fa
7.25: light pigs. 80 to 100. 6.00fa6.25; heavy
rough hogs. 200 to 250. 6.75<&)7.25.
Above quotations apply to corn-fed
hogs Mast and peanut fattened hogs. 1
l’ /2 c and under.
Cattle receipts light: trade quiet; mar
ket barely steady on best grades with
but little demand for inferior grades at
lower prices.
Mi A N. Brown, of McDonough. Ga
was on the markei with a load of choice
1200-pound steers from his feed lots,
which topped the market for the week
and was probably one of the best loads
of cattle received in the Atlanta yards
during the year. Mr. Brown put these
steers on cotton seed meal and hulls on
December 1 and they have been fed all
they would take since. He is proud of the
results and will ship another load within
the next ten days and expects to feed
more extensively another season.
Hog receipts light; market steady to a
fraction lower.
NEW YORK PRODUCE MARKET.
NEW Y()RK. May 28 \Vheat eas\ .
July $1.15%Cg 1.15% . spot No. 2 red $1.24
In elevator. $1.24 f. o b. Corn dull;
No. 2 in elevator nominal, oxport No. 2
84% f o. b.. steamer nominal, export No.
4 nominal Oats firmer, natural white
61fa62. white clipped 62fa65 1 <£.. Rye quiet;
No. 2 nominal f o. b New York. Bar
ley steady; malting $1.16fa1.28 c. i f.
Buffalo. Hay steady; good to prime $1 30
fa 1 65. poor to fair $1.25fal 45. Flour
dull, spring patents $5.60fa6.1_0, straights
$5fa5.50. clears $4.85fa5.10. winter pat
ients $5 90fa6 10. straights $5.35fa5 60.
clears $4 76fa 5.
Beef firm, family sslßfa 18.5 U. Pork
steady, mess $20.25fa20 75. famllx $20.25'0-
21.25 Larcj steady; cit) steam 10fa!0%.
middle West spot 10.85 bbl. Tallow quiet
citx (in hogsheads) 6% nominal, country
(In tierces* 5 7 r fa 6%
NEW YORK GROCERIES
NEW YORK. May 28 (’offer stea'J> .
No. 7 Rio spot. 14'-nfal4' 4 Rice firm; do
mestic, ordinal) to prime, t H '<i 5 % Mo
lasses quiet; New Orleans, open kettle,
35fa 45 Sugar, raw . steady centrifugal,
39.86; muscovado. 34.85; ijiolasses sug<u .
32.35. refined steady; standard granulated.
5.25; cut loaf, 6 00; crushed, 5.90. mold A.
5.60. cubes. 5.45; powdered, 5.30; <liamond
A, 5.20 confectioners A. 5.05; No. 1. 5.05;
No 2. 5.00, No, 3, 195 No 4, 4.90
<’heese weak, white milk specials. 14 t
fall'?, whole milk fancy, 14 ibid), skims,
specials DfaHfa skims, fine,
full skims. 7fa7%.
IRREGULARITY IN
NIIRKET
May Prices Lower and Other
Options Higher—Corn Fol
lows Same Trend.
sf. LOUIS CASH QUOTATIONS.
\\'heat No. 2 red
Corn 82
Oats 53’ 2
CHICAGO, May 28. While May wheat
was ' s c lower this morning the July op
tion was up -<<<• ami September was off a
small fraction Liverpool, which had
been closed since Friday, came \ to Id
lower today on favorable crop conditions
abroad and the excellent c;op promise in
our own Northwest and Canada. A few
showers were reported in southeastern
Kansas and northern Nebraska and Mis
souri, Illinois and the Northwest.
Corn was ’ 4 to higher for the list,
ami this. too. in the face of a sharp drop
at Liverpool.
»>ats were ’ 4 c higher to ’«c lower
Hog products showed but little change
Following a sharp early slump on weak
cables and general rains in Illinois and
the Southwest, there was a sharp upturn
•>n bad crop reports. Realizing sales on
the upturn caused a moderate reaction
and final prices showed net gains of ’«c
on July. 1c on September, while May
closed with a net decline of 1’ 4 c. th**
low point for the day.
While corn was Weak, early prices ral
lied late in the session on a good demand.
Oats opened weak. ano. like, corn,
strengthened late on good buying.
Provisions closed higher on a good de
mand generally credited tn Western pack
ers Comparatively, trade was of moder
ate volume.
CHICAGO GRAIN MARKET.
Pre*.
Qpen. High. Low. Close. Close
WHEaT-
May I .14*2 I. I 1 13> g 1 . 13’o ’I . 14\
July 1.10s 8 1 .11 7 « 1.103 s 1 107 m
i Spl 1.05' m 1.07 1.04% 1.06’2 1 05L 3
I Dec. 1.05% 1.07% 1 05 1 06’J 1.05%
CORN
[ May 81 81 •% 79’ 2 80 SI %
l.liilx 75 75% 74% 75% 75%
I Sept 72% 73% 72% 73% 72
l Dec 63% 63% 62% 63% 63
OATS -
| May •»;»% »5% .»;>% .»5 l 2 56
.luh 50'., 51 50% 50% 50%
Sept 42%. 42’ s 42% 42% 42%
Dec 43*-, 43% 42% 43% 43%
PORK -
My 18.45 18.45 18.45 18.45 18.32%
Jlv 18.42% 18 55 18.37% 18.55 18.37%
Sp,t 18.37% 18 55 18.37% 18.55 18.42%
i,ARD—
Mx 10.55 10.55 10.55 10.55 10.50
Jlv 10.60 10.65 10.60 10.60 10.60
Spt 10.75 10.85 10.75 10.80 10.80
RIBS
Mv 10.25 10.25 10.J5 10.25 10.15
Jl\ 10.17% 10.27% 10.17% 10.27% 10.20
Spt 10.32% 10.45 10.32% 10.42% 10.32%
CHICAGO CAR LOTS.
Following are receipts for 'Tuesday and
estimated receipts for Wednesday:
i'l'iiesda y Wedn'sday
Wheat 38 - 70
<’orn 154 154
oats ; 128 152
LLJil— L--22L 28,000
PRIMARY MOVEMENT,
XX Itr: AT- j Ul2 i 1911
Receipts ’ 364.000 Hnlidav.
Shipments 566.000 Holiday.
(’oRN— !
Receipts 383,000 i Holiday.
Shipments 309.V00 ; Holida).
CHICAGO CASH QUOTATIONS.
CHICAGO. Mav 28. .Wheat, No. 2 red.
$1.13%fa 1.14 % ; No. 3 red. sl.l 1% fa 1.13;
No. 2 hard winter. 51.13%fa 1.14% . No. 3
hard winter. sl.ll %fa 1.T3: No. 1 northern
spring, sl.lßfa l. 21: No. 2 northern spring.
sLl6fal.l9; No. 3 spring. $1.!0fa1.16.
Corn. N(\ 2. 79% fa 80%; No. 2 white. 80
fa 81; No. 3 yellow, 796/fa 80%: Nn. 3. 76fa
77’.*: No 3 white. 79fa80. No. 3 yellow.
776/77%: No. 1 73%fa75: No. 4 White. 76
fa 77 ; No. 4 y ello w. 74 %fa 75 %.
Oats. No. 2 white, No. 3
white. 54%fa55%; No 4 white, 54fa/56%;
Standard. 56%.
LIVERPOOL GRAIN MARKET.
Wheal opened %d to %d lower; at 1:30
p m was %d to Id lower Closed %d
to Id lower. '
Corn opened %d to %d lower: at 1:30
p. m. was I’nd to I%d lower <’lnsed I%d
to I%d lower.
VISIBLE SUPPLY CHANGES.
Following shows the weekly visible sup
ply changes in grain for rhe week:
Wheat, decrease 2,342,000 bushels.
Corn, decrease 731,000 bushels.
<»ats. decrease 142.000 bushels.
COTTON SEED OIL.
Cotton seed ofl
I* Opening i Closing
Spot ...... 6.Bpfa i .00
.lune 6.87fa6.91 6 e ßßfa(k9s
luh . . 6.98fa6.99 6.99fa7.ni
\ugust 7.08fa)7.10 7.11. fa 7.12
September ....
(tetober ■ • 7.10fa'7.11 7.11 fa «. 1.3
November 6%0fa'6.65 6.61 faifi.Hß
December 6 45fa6.50 6.48fa)6.50
closed sales 8.300 barrels.
1 1 '4 I
1
Diversified Service
<jl This bank performs all the
ul functions of a commercial
and savings bank.
Care of funds on checking or sav
ings account, loans upon good se
curity, discounts, collections every
where. transmission of funds by
draft, telegram or cable —these are a
few of the services which it places
at the disposal of patrons.
Your business, personal or sav
ings account is invited.
AMERICAN
NATIONAL
BANK
Atlanta Audit Co.
Public Auditors
and Systematize™
ATLANTA and TAMPA
I
17