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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