Atlanta Georgian. (Atlanta, Ga.) 1912-1939, May 28, 1912, FINAL, Image 17

Atlanta Georgian., May 28, 1912, FINAL, Page 17, Image 17

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Newspaper Page TextBOOK'S SCHEME HUS ITS FAULTS Public’s Attitude Toward the Railroads Is "Undergoing Steady Change. By B. C. FORBES. NEW YORK. May A twenty-five billion dollar “holding company” to con trol the railroads of the I’nited States, under the plan drawn up by Mr. Wil liam W. (,’ook and outlined here yester day. is at first glance alluring. But the > • mpre the proposal is studied, the greater and graver are the objections that spring to mind. Many of Mr. Cook s statements would seem to call for modification in riew' of recent events. Let me try to • omment briefly on some of them The issue, he affirms, is 'Socialism or Not? ’ 1 do not think so. Is it not true . that the government, through the infer \ ’rite commerce commission, 'has at last placed the bit in the mouth of the rail leads and can force them tn move in ’ vihatever direction is desired* Already the public clamor against the ■ railroads has in large measure subsided, the public are todaj complaining less than are the railroad managements 1 'fccoisinn after decision has been handed «town aaginst the transportation compa nies and very few in their favor. The Interstate commerce commission certain ly can not be accused of showing favorit ism toward the companies. The latter have repeatedly complained that the 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 a? from the general public. Railroad regulation, in orner word* 3 , has become very effective. It is no longer toothless, innocuous, a mere theory. It i- offering strong, insurmountable bar riers against practices which used to arouse the public’s ire. Therefore, the present conditions hawe not become im possible or intolerable from th<* 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 rountrx from socialism. Moreover, such a plan does not appear feasible. To h*gin with 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 the scheme would be so much in the nature of an experiment- an experi ment on a scale never before attempted by any nation- that investors would in all probability prefer to .hold aloof not withstanding the government guaranty. Is the claim that the plan “would not ’m pair Hip efficiency of the present rail way staff” incontrovertible? Can it be serious!.' argued that railway officials barred from earning for stockholders above a certain fixed percentage would /pjfoduce the results attained under exist- Hr g corporate ow nership? Would not part of the present incentive he. removed? Would not initiative be dulled? Would ***" of our ablest railroad men tn .whom money-making is not- the first b .quit rather that) be sub , jected to the new form of domination? a• ♦ * The project w'ould he revolutionary, no -matter h<»w carried 061. If the rail roacK were to be slyly picked up when their «e< yril.’e 3 w ere depressed, there, would be increasing uncertainty in investment circles, for the owner of shares paying, say. 7 per cent, would never know the moreen t he -might be informed that his dividend would be cut to the 3 per cent ■ate a matter* of infinite importance. • >r. if properties were to bp acquired by condemnation topsy-turvydom would reign Mr Cook says of Socialism: “It 1s the direct antithesis of the Anglo* saxon idea that w hatever a mam honestly acqu res becomes his own. to dispose of as he sees fit.’’ How would the con demnation procedure square with the clause T 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 Federal 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 toward- correcting the evils of con centrated capital—evils that constitute a danger to the orderly continuance of the jjT capital is on trial. It knows that if it JWuqc.a not act squarely vengeance will he M taken in one form or another. For the present, however, the suggested twenty fivc-btllion-dollar holding company and other schemes, for nationalization can be held in abeyance, don't you think.' READ FOR PROFIT GEORGIAN WANT ADS USE FOR RESULTS Louis B. Magid & Co. Investment Benkers 10H in.ld Rmlrfin?, Al j!) $ rhnnr, In 1 .OOHT BIG’CUE BOOST HIGHWAY Georgia and Carolina Road En thusiasts Indorse Appalach ian Project at Cornelia. CORNELIA, GA., May 28 With more Afcan 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 Flail, 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 the south, and at a point in 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, Clarkesville, Commerce. Clayton, Gainesville. Demorest. Mount Airy, Tal lulah Falls. Buford and Norcross. Ky. to Instruct For Champ Clark LOUISVILLE. KY., May 28.—The Democratic state convention will be called to order here at 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 the other for control of the state convention and the party organization. The fight 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 to the Republican state conven tion bolted before the session was called to order at 1 o'clock this afternoon. Their action was taken after the steering com mittee reported to them that 175 delegates from contested counties bad been seated without giving their names or submitting credentials. This makes it certain that the Texas delegation will be contested in i 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 beat 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 thick ens; injured slightly a number of citi zens and left Ice enough in chunks—9 Inches lot g by 3 inches wide by 3 inches thick--to make the ice trust jealous, and that the drifts are still in the street to ds'- And further deponent sayeth not." P. B. 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 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 rhe Southeast, including many general pas senger agents of various railroads, are meeting in Atlanta today. R. Ryan, general passenger 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 the 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 every little thing cleaned out the jewelry store of C. H. Kinnaman, on Cedar ave nue. today. The entire stock of the place was carried away. The loss is estimated at $6,000. THE ATLANTA GEORGIAN AND NEWS > TUESDAY. MAY 28. 1912. NEWS AND GOSSIP Os the Fleecy Staple (From Hayward & Clark.) NEW YORK. Ma> 38. Carpenter. Rag got & Co.: Spot people buying and short covering causing advance. Selling scat tered. Dallas, Texas, wires: “Texas, western portion clear; balance generally cloudy: high south winds; cooled. Oklahoma, generally cloudy and cooler.” Special reports to The Journal of Com merce on crop conditions. North Carolina —Cold wet weather re tarded planting ten to fifteen days and I much cotton is not yet up. Reductions in I acreage are moderate and no reports of j replanting are heard. Cool nights have retarded growth, but stands, where ob : tained, are generally excellent. But tew’ I complaints have come In so far, and per ' ventage condition will probably figure out I quite as good as last year. F’rospects are quite up to the average. South Carolina -on account of wet weather plantinfg was much delayed and the crop is ten to fifteen days late. Cot ton is not yet all planted, and some cor respondents consider it too early to es timate acreage <»r condition wdth any ac curacy. Soil has been poor]? prepared, but two weeks of favoranle weather has allowed work to.progress satisfactorily, land estimates of percentage condition compare favorably with last year, when it was 74 r r. Early planted co.tton shows good stands, and the plant is generally healthy. Conservative estimates of acre age reckon on a 5 to 10% reduction, but tiiere are quite a few correspondents who anticipate higher percentage. Florida—Heavj rains have injured the prospects in ihe low lands and the out look at present is rather p“oor. Following are 11 a. in bids: July 11.03. October 11 19, December 11.28. 1 January 11.24. NEW ORLEANS, May 28. -Hayward & Clark: Weather developments continue very favorable. The map shows very favorable conditions. Tartly cloud? to fair; general showers in the Atlantic?. In dications are for increasing cloudiness generallyy. probably some scattered showers, cooler in the western belt. New Orleans Times-Democrat. Neither the Federal government, 'rhe 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 spite of the backwardness of the crop 'and the fact that 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 ihe acre age as 7% decrease, and a. tangible bit oT gospel such as Is usually accepted by the elect, and acted accordingly. However, the long promised avalanche of selling cost the price qply about $1 a bale. The weather continues favorable and ihe weather man promises war n weather and showers during the w'eek. Such a com bination will help the. plant It will also give rise to a further bearish confidence, and within a day or |wo talk of declines on legitimate influences may become gen eral. T'nder these circumstances the claim will be made that levels low enough tn attract fresh trade buyers alone will suffice. j THE WEATHER"’ Conditions. WASHINGTON. May 28.—Unsettled, showery weather will prevail generally tnnighi and Wednesday over the osatern and southern portions of the country with somewhat lower temperature over the northern districts. The winds along the New England coast will be brisk southwesterly. On the At lantic coast brisk southwesterly <in the South lAtlantic coast moderate south and southwest: on the east gulf coast moder ate to brisk south and southwest. General Fosecast. Virginia- Showers late tonight or on Wednesday: slightly cooler Wednesday in western portion. North Carolina. South Carolina. Geor gia. Alabama and Mississippi Local showers tonight or Wednesday Florida —Showers tonight or Wednes dav. Louisiana and Arkansas—Unsettled with showers tonight or Wednesday. . Oklahoma and West Texas-Fair to-, night and Wednesday. East Texas— Cloudy tonight; Wednes day fair. DAILY WEATHER REPORT. May 28. 1912.—Atlanta, Ga. Lowest lemperatupre. 64; highest temperature, 86; mean temperature. 75: normal tem perature. 71; rainfall in 24 hours. 0.7.5; Excess since first of month, 0.21: excess since first of year. 8.20 REPORTS FROM VARIOUS STATIONS Stations Wrath.;Temperature.R’fall .7 . Max. 24 a. m. y’day. hnurs_ Atlanta ./.... Pt. cldy. 68 86 0.75 Atlantic City. Clear 62 64 Anniston Cloudy 72* | Boston Clear 68 82 Buffalo Clear 72 76 . ... Charleston ...Cloudy 76 78 T. Chicago Cloudy 6o 84 0.18 Denver (Tear 54 74 ... Des Moines... (Tear 64 8$ Dirtuth Cloud} 44 56 0 06 '"Eastport. Me. (Tear 58 78 Galveston .. . Pt. cldy. 78 81 Helena ..... Cloudy 78 Houston Pt. cldy. 78 Huron. S, D.. Cloud} 56 76 O.OG Jacksonville . ('lear 76 92 0.94 Kansas City. . (Tear 72 86 Knoxville .... Cloudy 68 88 0.28 Louisville ....Cloud} 74 90 Macon Pt. cldy. (2 1 1 44 Memphis .... Cloud) 74 88 Meridian ... Pt. cldy. 72 . ■ Mobile (Tear ' 78 86 . .. Montgomery . (’tear 74 90 . . Moorhead .... Pts cldy. 56 68 O.OS New Orleans. I ''lear 7$ $$ ■ New York.... Clear SO Sil .... North Platte. Cloudy 68 94 ..... Oklahoma . . Cloud.' J 8 94 •■ • • Palestine. ....''lear 88 .... Pittsburg ..''lear 72 82 : . ... P'land. Oreg . Cloudy I 52 '>2 • 0.12 San Francisco Clear 56 66 St Louis Raining 64 R 8 1.46 St’ Paul Pt. cldy. 58 80 0.18 Salt Lake <'ty clear 46 64 Shreveport <'lear 78 96 Savannah .Cloudy 72 Toledo Cloudy ; 60 84 0.16 Washington . Clear 1 68 ; 80 1 .. . . WEEKLY WEATHER REPORT. WASHINGTON. May 28. Light pr. ' ipi ration occurred in scattered localities in northwesters 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 Atlan tic coast the precipitation was moderately heavv. However, over the greater por tion of the cotton region there was no ram. The greatest weekly amount. 240 inches, occurred at New' Orleans. Weekly reran temperatures were from I to 8 degrees above the normal through out the cotton region, the greatest exoes.-- being in Oklahoma and north western Texas The mean temperature ranged from 66 to 80 degrees over the eastern, from 76 to 78 degrees over the central ar;<l from 76 to 84 over western portion of the cotton growing states. The high est mean temperature. 84 degrees, oc curred at Del Rio, Texas. LIVE STOCK MARKET. CHICAGO. May 28. Hogs Receipts. 12.000. Market slow; mixed and butchers, $7.15@7.65; good heavy. $7.50'0 7.65. rough heavy. $7.1007.40: light. $7.1007.52: pigs. $5.1506.75: bulk. $7.4007.60. Cattle- Receipts. 25.000. Market stead.' : beeves. $6.0009.40: cows and heifers. $2.50218.25. Stockers and feeders. .*5 001/ 6.85; Texans. $6.500 8.25: calves. $7.50'« 8.75 Sheep -Receipts. 14.000 Market steady 10 strong; native and Western; $5.0006 B.‘. I METAL MARKET. XF.’V YORK. Ma? 2« At Hie metal chnnge to-le further slrengt' w« h.o< > nttb fa r artivlt' m the dealing Quota’ions: Copner. isot-.jis a ; Mv ’ aml .bine. 8. ' ,'q t•> ~6, lip ■ < . ■ 166 1 ’ ; : *’l g'l -1 '• I't 'o 1 6 'O lead 1 If’ I spelter. ? n ■’ ' nn . tin. 46 ?a'ti 11 I' l I TEXAS BOOSTS COTTON High Temperatures. With No Rain in Sight. Causes Ad vance-Trading Quiet. NEW YORK, May 28. Steady Liver pool cables and need of rain in Texas and Oklahoma caused the cotton market to open stead} today and the first prices were I to 4 points higher. Spot was active in Liverpool and fu tures there were quiet but firm. 013 the opening the market was quiet and lias continued so all during the da\ Spot houses were best buyers, causing a rail}. The rings is against (lie market, h<»we\er. t and Is ever ready to sell on ad vances Vordlll reports conditions in Tex*- as pxeellwit With all the bearish in fluences the markets holds remarkably well. In the afternoon the market was steady. 2 o't lock prices showing advances of !> to 12 points over the previous close. Temperatures were very high in Texas, nine stations reporting maxihiums of 100 to 105 At the close the market was steady at advances of from 7 to 11 points above the closing quotations of Mondav. RANGE IN NEW YORK f I •& fc I Sil , I r OI£SI G I £5 May 1197 1 1.06 10 9', ’ 17.06 11.05-06 IO?95~9(5 June 10.91. lO.fl 10.91 10.91 10.96-98 10,89-91 July 10 98 11.08 10.97 11.07 11.06-07 10.96-97 Aug 11.06 11.13'11.06 11 13 11.11-12.11.02-04 Sept. 11.1.3 11.13 11.13 11,13 11.16-17 11.06-08 Oct. 11.16 11 25J115 11.23 11.23 '11.13-14 Nov. 11.27-29 11.17-18 Dec. 1.1.26 11.35 11.24 11 32 11.32-33 11.24-25 Jan 11.21 11.30 11.20 1L29 11.28-29 11.19-21 Feb. 11.32-24 11.23-25 Meh. 11.29 11 47 11.25 1 1.39 11.T' - '<111.28-30 -z Closed steady. Liverpool cables were' due. 9 1 /, to 11 points lower. Opened quiet •tit steady at 8 points decline At 12:15 p. nr 'vas quiet at a net decline of BL.. to 9’ 2 points. Later cables were 1 point higher than the above quotations. Fair business done 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 the market was steady 8 to 9U points lower than the previous close. RANGE IN LIVERPOOL FUTURES. Futures opened easier. Opening. Prev. Range. 2 F. M. Close. Close. Mav . . H.Ri 6.13 6.13 6.21 Ma.'-.lulie 6.14 -6.1 t 6.LT 6.13 '1.21 June-July 6.13^-6.!2'A 6.13 6.13 6,21 July-Aug. 6.16 -6.15 6.16 6.150 6.24 Aug.-Sept 6.17 -6.15’/ 2 6.16 r 2 6.16 6.2414 Sept.-Oct. 612 -6.11 6.11*4 6.21 Oct.-Nov. 6.10 -6.1014 SOti'/j 6.09 U 6.1844 Nov.-Dec - 6.17*4 Dec.-Jan.’ 6.09 * 6.09 6.08 6.17 Jan.-Feb. 6.09 -6.08 6.08 608 6,1.7 Feb -Meh 610 6 09'4 6.08*/. 6.18 Meh.-Apr 6.1044-6.10 6.09*4 6.18*4 Closed steady. HAYWARD & CLARK S DAILY COTTON LETTER NEW ORLEANS. May 28. The London News says: "Dock strike assuming dis quieting aspect. Possibility of strike be coming national in increase." Consider ing sucii news and the large difference from our markets, Liverpool held tip very well today, showing no greater decline than due on futures, and limiting spots onl' I points lower; sales. 8.000 bales. The report of The Journal of Commerce on tlte two Carolinas was distinctly bet ter than the trade expected. Il was reported here this morning that tl>e national ginners' condition and acre age forecast ja- only to May 16, but there is no eontlrfnaCloq oflthlfc statement. our market reyiVened stboin 10 points .'this morning Tnr demaTiti attracted by yesterday’s depression and scarcity of sellers, ■ due tj,.~ anti<J|jati,oii of a bullish weekly weather report, wfliicli is expected to si«>al> of high leinperatures in the Western. states. . The market eased Ift the second hour on a ver.'. favorable rppqrt frjum Texas by a prominent cron Inspector. RANGE IN NEW ORLEANS ?.!•*- ► ' • I * '*■ JJ Mav 111.60it1.62 11 51 11.62 1 1,00-61 11.51-54 June 11.60-62 11.52-51 July 11.55 11.63 11.55 1.1.61. 11.61-62 11.53-54 Aug 11.18-50 1 1.39-41 Sept' 11.87 11.37 11.37 11.37 11.40-12 11.32-34 o, • ' '*l 29'1T'?r, 11.28 17 31'11.32-34 1 1.26-27 \-„\’ 11.34-36 11.28-30 Dee I i..;ii 11.38 11.31 11.,U. 11.35-36.11.29-30 Jan. 11 36 11.39 11.35 It 38 11,38-39 11.31 -32 Eeb ■....• 11.10-42 11.33-35 M,|,\ 11.14- 46 1 1.38- 10 Closed steady. SPOT COTTON MARKET. Atlanta, steady: middling 1114, New Yorki quiet: middling 11.50 New Orleans, steady: middling It 9-16. Liverpool, easier: middling 6.33 d Savannah, oulet; middling 11*4 Migusta. quiet : middling 12c. Mobile, steady: middling 11*4. Galveston, east : middling 119-16. Norfolk, quiet; middling 11%. Wilmington, nominal. Little Rock, quiet; middling 11%. Charleston, nominal: middling 1.1'4 Louisville, firm; middling 11%. Philadelphia, steady: middling 11.75. Boston, quiet: midtiling 11 50. Baltimore, nominal: middling 11%. Memphis, steady; middling 12c. St. Louis, steady; middling 11%. Houston, steady; middling 11% PORT RECEIPTS. The following table shows receipts at the ports today compared with the same day last year: “ I 1912. I 1911. _ New Drleans. . . J 1.842 1,746 Galveston I 4.062 223 Mobile ' «5 C Savannah I ’ 2.015 t..'i Charleston 259 34 Wilmington 17 4 Norfolk 33 236 New York .. 51 Boston 8 133 Various ■■ ■•_’ 1,10 _ I Total 8.639 ' ‘ 3.00'5 - INTERIOR MOVEMENT. ~~ L ~~j 1912. 7 I_9lL J Houston 55-T 12'» Augusta ■ H S to Memphis > St. Louis Cincinnati. . . -‘45 I kittle Rock 111 ““Total 987 COTTON MARKET OPINIONS. J. S Baclw <Q <’<*.: Advise the pur chase of the distant positions on any fur ther reaction. Hayden, Stone <Sr Co It will probably be found hard to prevent a further de cline. Pell & (’<> We believe in the long side. ! Rothschild & Co.: It will require un- | favorable climatic conditions to cause ad - i vances. NEW YORK COFFEE MARKET. <’offee q> ota t ions: (jpenhig Closing .1 anuary . . . . 1 3 -7513 KO 13".67(a f3.KS Februar) 13.; 3.60 13.6413.65 ! Match .... 1-‘d’>7 u 13.58 Xpril Mav .13 25 13 44-fr 1::.45 Jun*’ 13 Juh 13 13 13.4 , \'igust ... 13. (O'o 13 55 I.". 516/ I : ;»r, Sepiember . ll'. 55 13.6413.65 Ori.'hr r. J 3 5i V/1 1;:.6.'p// I Ynrrnihi’r ’5 13 ..6 66'h 13.67 ; «11 .» i3.67<4 1?. 68 i < lo'jrfi ' -lie . 36,750 bar ““ < HIRD GOHL RDIDS STOCK FEATURES • i International Harvester Is Also Very Strong and Higher. ; Hill Issues Active. i By CHARLES W. STORM. NEW YORK, Mav 28. Despite reports i from W ashington that the proposed in- I crease in anthracite prices is to be inves- , tigated by the government the hard coal I carrying and owning failroads were ‘ among the strongest stocks at the open- i ing of the market today. Lehigh Valley | opened " 8 higher, and within fifteen min utes its. aggregate gain over last night’s , closing was I's. Reading rose ‘t. Balti more and Ohio made a similar gain. Trading was quiet and prices moved in slight variations. Some stocks ranged higher through an absence of supply rath er than because of increased demand. ! Canadian Pacific opened at 263 for a s loss of but later rallied and. in fif teen minutes had risen to 264 "3. The New York tra« Hon stocks were 1 firm. Interborough Metropolitan opened at 60 3 4. a gain of > r . I’. S Steel was up ’•r. Amalgamated Copper was up Vs • 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 in Lehigh Valiev Pittsburg Coal was [ fairly active and strong. A few special ‘ ties were under pressure, however. Arner j jean Tobacco declining 3 points The ‘ 1-1 ill stocks were active. » The earlier dullness became more pro nounced as the session advanced and in • the afternoon trading was at a complete J 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. t The marker closed dull but steady Governments unchanged, other bonds 1 firm. Stock quotations: i I iLastl CHs |Prev 1 STOCKS- jHiglill.ow ISaie.l Bld.lCl’sa Amal. Copper. 83G 82 8 4 S2 t ir 82u<' 82 s * Am. Ice Sec... 28\ 28-\ 28% 28% 28% Am. Sug llrf. li’O 130 130 128% 129’ 4 Am. Smelting 85% 85’- 4 85% S ’ r »’a Am. Locomo 12 •’« 2 b b 41 a < 42 Am. <’ar Efiy. 58% Ain (’Ol. <>il 54L 54’4 04’4: 589 ii 53U Am. Woolen 2828'2 Anaconda 42*8 42 1 ? 42*>£ 4214b' 42% Atchison . . 10S 3 * 106% TO6-\ 1 OR» n 106% A c. L Am. Can .. 3938 s 8 38 s r 38%‘ 38% do. pref. .. 117% 117% 117% 116% 117 Am. Beet Sug.. 72% 72 72 '72 72% Am. T. and T. 145% 145U1145Z .... 145% Am Agrieul. . 62%» 62%' 62%' 61%; 62 Betii. Steel 37y 2 *7% B. R. T. . 89% R 9%” 89% 89%' 89% R and O .. . . 108% 108% 108%108% 108% <’an. Ihicilic .. 264% 263% 263% 263% 263% Corn Products 15% 15% ; 15 5 g' 15% 16 <ami O. 79% 7P ! 79%' 78% 78% Consol Gas .. 142% 142% 142% 142% 142 Cpn. Leather I .... 25% 25% (‘olo. F. and 1. I .... 28 ' 28% Colo. South 41*2' 41 xD and II ... L72%i172% 172% 168 1170% Den. ami R. G. 19% 19%‘ 19% 19 I 19% Distil. Secur. .' ... i 32 33% Erie 36% 35% do. prof. . 53 52% 52% 52% 53 Gen. Electric 171% 171 171 171 170 Goldfield Cbns.' 4%! 4% 4% 4%'_ 4% G. Western 17%1 17% G, North., pfd.133% 132% 132% 132% 132% G. North. Ore.. 42%' 42 42 42 42% Int. Harvester 121 'llß ,120 120 117 111 Central . 125% 125% 126% 125% 126 Interboro 21% 21 21 1 21. 21% do. pref. 60%' 60% 60% 60 60% lowa Central . ..i ' IZ 12 K. C South... 25 ' 24% 24% 24 25 : K. and T. ... 26% 26% 26% 26% 26% do. pref. .. 58% 58% 68%: 57 57 L Valiev .177 J 76 % 176% 176% 175% L. and N 158 157% 158 <157% 157% Mo. Pacific 38% 37% 38 ’ 37%' 38% N V. Central 118% MB 118 118% 118 Northwest . 138% 138 138% 138 1383, Nat. Lead . . 58% 68% 58%| 58% 58% N and W. . . 112% 112% 112% 112% 112% N<>. Pacific 120% 119% 120% 120% 11*9% (>. and \V . ... 37 , .37 Penn. . . 123%123%i123% 128%‘123% Pacific Mail 33-% 33% 33% 33% 33% P. Gas Co. . 114% 114% 114% 114 3 8 114% P. Steel Car. . 35 35 35 35 3444 Reading . . . 173 V, 172% 173 173 172% Rock Island. .'27 27 [27 26%' 27 do. pfd.. . . 54% 54% 54% 54%i 54% R. I. and StPef -.’3=s do pftl ! ....I 77 ! 7$ S. . 1 .... 49 49 So. Pa.itlc 111", HD, 111 , 111* 8 Ill's So Railwa' . 28 :1 , -R r- 4» 28*, 2 28’, do. pfd.. . . 75’, 75*4 75*. 74 l i 75 1 St. Paul. . . 105$, 105 ; S) 10o«, 1054* 105-h Tenn. Copptf . 45-", 45*4 45*4 45 *4 45 Texan Pacific 23H! 23% Third Avenue . ...' 38*4 39$i I nion Pacific 171 * B 170* a 171 170% 170» 4 I S. Rubber MU 63 64*4 64 63*, 2 Utah Copper 63* 2 6Z'r 62*r 62*4 62*4 I S Steel . 70 69-' s 69- s 'D-\ 69' 2 do. pfd.. 110”, 110**4 Ho**4 I1O«>8 110 3 , Fhetn 51* 2 31 51* 2 ' 51', 51% West. I'nion. . 83*, 83 83 83 8:1*8 Wabash .... 7*,4 7% do. pfd. . IS , 18*4 18*. 18*4 IS West. Elec 73_ ’ 73 Wis. Central . .. .... 51’g 51 W Maryland. _ . . . . ■ 59 ' 58-\ Total sales. 1-15.000 shares. x-Ex-divi dend. 2*~ per cent MINING STOCKS. BOSTON, May 28. -Opening: Calumet ■ and Arizona. 75: Greene Cananea. 9t* s ; Lake Copper. 38"4 . Miami. 26' 4 : United States Smelting preferred. 48’, LOCAL STOCKS AND BONDS Blfl. Asked AUanta & West Point R R .. 14a 345 American National Bank ... f’S »t, Atlantic Coal A- Ice common. 101 102 Atlantic Coal * Ice pref 9J 44 Atlanta Brewing & Ice C 0... 175 Atlanta National Bank .... s2s Central Bank A Trust Corp jj/j Exposition Cotton Mills ISS jgj Fourth National Bank 245 250 Fulton National Bank 1.25 jjp Ga. Ry A- Elec, stamped . 124 126 Ga Ry * Row- L'n . common 28 35 do Ist pfd SO $5 do. 2d pfd 42 44 Hiilyer Trust Company 125 i L->wr.v National Bank 248 259 Realty Trust Company log n n Sixth Ward Bank 0914 HR ! Southern Ice common.. 71 fiord National Rank, new 205 210 " I True' Co of Georgia 225 235 Travelers Bank A- Trust Co . 125 l’i BONDS I Atlanta Gas Light Ist ss. . 101'i 105 Georgia State ! Georgia Midland Ist 3s so <j I,a R* A-. Elec Co. 5s 101 (.a Ry. A Elec, ref 5s 33 Atlanta Consolidated ss. 102 1 - Atlanta City 3*As, 1931.. . 91 92*4 Atlanta Citj 4145. 1921. . .. 102 103 | Southern Bell 5» 3IL-, NAVAL STORES. SAVANNAH. May. 28. Turpentine firm at 45045’4: receipts 850. ' Rosin firm; receipts 2,671: waterwhite, I $7.400 7.50: windowglass. $7.40: N. $7.40 M. ?7.::007.37* ; .: K. $7 3007.23*2: I. $7.30 1032*-,: IL $7.2507.32* 2 : G. 57.2507.32 U; I F. 57.2507.32 U: E. $6.9007.20; D. $6,600 |6.65: c, B. A. $6.15 0 6.35. POULTRY, SUTTER ANO EGGS. i .NEW YORK May 28 Dressed poultry! stead' , turkeys. 13022. chickens. 17028.1 fowls. 1114015*,ducks. 13022: geese, j : 110 I 6 Live poultry irregular. foals. I Is‘-: turkeys. 12 laskedi: roosters. task'-di; ducks. 12 tasked); geese, 9! 'asked I Rutter steady, creamer' specials, 270 1 :7’ t <r,.-n>rt extras 26 0 26*,, sta el • lair' tubs. :60 26*... proce ■ special- ’6 I ; » bld I :uc IrroguD’ nearh' white fan ti i<|i ncarb- hron 11 fatv ' ”0*? 0 Icxlrfi flr.- t-., 210 21 L. tn-SD 17*. 019*. I ATLANTA MARKETS | EGGS-Fresh country candled. 17 018 c BUTTER—Jersey and creamery. In lib. blocks, 3014026 c; fresh country dull, 10 012* 2 c per pound. DRESS'D POULTRY—Drawn, bead and P er pound Hens. 16017 c. fries, -'0027c. Roosters. 8010 c Turkey!, ow ing to fatness. 18020 c. LIVE POULTRY—Hens. 40045 c: roost ers. 25035 c: fries, 30050 c: broilers. 250 30( : puddle ducks. 35 0 40c Pekin ducks, 40 0 45c: geese, 50060 c each; turkeys, ow ing to fatness. 17018 c. FRUITS AND PRODUCE. FRLIr AND VEGETABLES—Lemons, fancy, $4,000 4.50 per box. Florida oranges. $3.0003.50 per box. Bananas, 30 3>n; per pound. Grape fruit. $5,000 6.00 per crate. Cabbage, 1 *4@2c per pound. I rlerirfa cabbage. $202.50 per crate. Pea- : nuts, per pound, fanev Virginia. 6*4@<c. choice, 5*4 06e. Beans. found green 11 1? J 1 “-® ll Per crate Florida celery, $-.000 2.50 per crate. Squash, yellow per six-basket crates, $1.5002.00 Lettuce, fancy, $1.2501.50; choice, $1.2501.50 pet cra.e. Beets. $3.0003.50 per barrel. Cu cumbers. 75051.00 per crate. English peas, per drum. $1.0001.25. New Irish po tatoes. per barrel. $4.5005 00 per barrel Strawberries. 506 c pe.r quart. Egg plants, $2 500 300 per crate Pep per. $1.750 2.00 per crate. Tomatoes, fancy. six-basket crates. $2.5003.00; choice tomatoes. $1,750*8 00. Pineapples. $2.50 0 3.00 per crate Onions. $2.0002.50 per bushel. Sweet potatoes, p. yam, $1.56 KLI 5 l ' er bushel. Cranberries, SII,OOO L OO per barrel; 50e per gallon. PROVISION MARKET. (Corrected by White provision Ce.) Cornfield hams. 10 to 12 lbs. average, 1 6 **c. Co-nfleld hams. 72 to 14 lbs average 16 lie. Cornfield skinned hams. 16 to 1» lbs, 1 <*4c. Cornfield picnic hams, S ts I lbs. a»er 12*je. Cornfield breakfast baron. 23c. Grocer style bacon (wide or narrow). 17*,r. . Cornfield fresh pork sausage (link ot bulk), 25-lb. buckets. 12c. Cornfield frankfurters, 10-lb. buckets, age, 10<. Cornfield bologna sausage, 25-ib. boxes. 9c. Cornfield luncheon hams, 25-lb. boxes, lie Cornfield spiced jellied meats (n H-Ib dinner pails, 10c Cornfield smoked link eausage. 25-lb boxes. 9c Cornfield smoked link sausage tn pickle. 50-Ib, cans, $4.25. Cornfield frankfurters .In plekle. 15-lb kits. $1.60. Cornfield pickled nigs feet, 15-lb. klta SI.OO. Cornfield pure lard (tierce basis), 1214 c. Country stole pure lard. 50-lb. tins only, 13c Compound lard (tierce basis), 10c. D. S. extra ribs, 11%C. D. S. rib bellies. medium average, 12 lie. D. S. rib bellies, light average, 12%c. FLOUR AND GRAIN. FLOUR Postell s Elejant, $7.60; Gloria <self-rising), $6.50; Victory (finest pat ent). $6.50: Faultless, finest, $6.2,5: Swans d«wn (highest patent). $6.25, Home (Jueen (highest patent 1. $6.00; Puritan 'highest patent). $6.00; Sun Rise (half patenti. $5.50; Tulip flour. $4 50; White ‘.".oud (highest patent), $5.76; Diadem (highest patent). $6 60; Farm Bell, $5.40; Paragon (highest patent). $6.00; White Li.y (highest patentl, $5.75; White Daisy, $5.75; Southpru Star-. $5.60. . Sun Beam, $5.00; Ocean Spray (patent), $5.50 CORN--Tennessee- -White. red cob. $1.08; No 2. white. $1.07; cracked. $1.05: yellow, $1.06: mixed. $1.05. MEAL—Plain 144-lb. sacks. sl.Ol. 96-Ib. 144-lb. sacks. $101; 96-lb. sacks. $1.02; sacks, $1.02; 48-ib. sacks. $1.04: 24-lb. sacks. $1.06. OATS Fancy white clipped, 74c; fancy white. 71c: mixed, 72c. COTTON SEED MEA Lr- Harper, $29. COTTON SEED HULLS -Square aacka $9.50 per ton FEEDSTUFF. SHORTS--Hallloay white. 100-lb. sacks. $1.90; fancy. 75-lb. sacks, s’.Bs; P W. 75-lb. sacks, $1.80; -Brown. 100-lb sacks, $1.75; Georgia feed. 75-lb. sacks, $1.75; bran. 75-lb sacks, $1.65; Homcoline. $1 75; Germ meal Hom co, $1.75: sugar beet pulp. 100-lb. sacks. $1.55; 75-lb. sacks. $1.55. CHICKEN FEED—jßeef scraps, 50 poilhil' ' sacks. $3.50: ’IOO-pbufid ’ skTflfA' $3.2«: 'Purina scratch.? f idozwn • ' pound packages. $2.20: sPWlna pigeon feeds $2.35; Purina baby -cWok, $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, $2.16; 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, $2.16; Chicken Success baby chick. $2.10; wheat, 2-bushel bags, per bushel. $1.40; Rooster chicken feed, 50-lb. sacks. $1: oystershell. 80c. GROUND FEED—Purina feed. 176-lb. sacks. $2.00; Purina molasses feed. $1.95: Monogram, 100-lb. sacks, $1.70; Victory horse feed, 100-lb. sacks. $1.90; Mllko 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 vision Company.) Quotations based on actual purchases during the current week: Choice to good steers. 1,000 to 1.200. 5.75 06.50; good steers, 800 to 1.000, 5.500:6.00- medium to good steers. 700 to 850, 5.000 6.60: good to choice beef cows. 800 to 900. 4.5005.00; medium to good beef cows. 700 to 800. 4 2504.75: good-to choice heifers. 750 to 850. 1.2505.25: 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. 4.2504.75: mixed common cows, if fat, 600 to 860. 4.0004.25: mixed common bunches .to fair. 600 to 800. 2.7503.50; good butch er bulls, 3.2504 00 Prime hogs, -100 to 200 average, 7.250 7.75 c; good butcher hogs. 140 to 160, 7.250 7.50; good butcher pigs. 100 to 140, 7.00 d 7.25. light pigs. 80 to Ido. 6.0006.25; heavy rough Imgs. 200 1.0 250, 6.7507.25. Above quotations apply to corn-fed hogs. Mast and peanut fattened hogs. 1@ 114 c and under. Cattle receipts light: tfade quiet; mar ket barely steady on best grades with but little demand for inferior grades at lower prices. Mr. A. N. Brown, of McDonough. Ga . was on the market 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 cards during the year. Mr. Brown put 'these steers on cotton seed meal and hulls on December 1 and they have been fed alii they would take since. He is proud of the results and will ship another load within the next tep days atul expects to- feed I more extensive!'’ another season flog receipts light; market steady to s i fraction lower. NEW YORK PRODUCE MARKET. \KW YOIIK. May 28'. \\ hnal pas.\ . ' July $1.15%<i l. 15% . spot No, 2 red *1.24 in elevator. f. o. b. Corn dull: ! No. 2 in elevatorNioininal. export No 2 ! 84% I o. b., steamer nominal, export No 4 nominal. (rats firmer, natural white white clipped H2 < a65 , 2 Rye quiet. No. 2 nominal f. <>. b. New York. Bar ley steady: malting < > f Buffalo. Hay steady: good to prime >1.30 <?;l.6o, poor to fair Flour dull: spring patents clears s4.Bsft 5 10. w inter pat I ents $5.90&6.10. straights $5.35ft5 60, | clears $4.75ft 5. Beef firm; family $518ft18.50. Pork steady: mess $20.25ft 20.75, family $20.25ft. 21.25. 'Lard steady; cit} steam ’.Oft 10%. middle West spot 10.85 bid. Tallow quiet citx tin hogsheadsr 6% nominal, country <in tierces» 5 7 «ft6%. NEW YORK GROCERIES. NKW YORK. May 28 -t offee stead} : No. 7 Rio spot. !4%ft 14% Rice firm, do mestic. ordinary io lasses quiet: New < >rleads, open kettle 35ft 45. Sugar, raw. steady, centrifugal. ?,'».RS, muscovado. 3-1.85. molasses sugar. ?,2.:15; refined stea<ly standard granulated. 5.25 cut loaf. 5.00; rrusbed. 5.90; mold A. SKO ■•uhes. 5 45. powdered. 5.30; diamond A 5. '» ■ onfectloners A. 5 05: N<» 1 5 05. No :. 5.00, No : i 95. No t. t <’heese «eak while milk H% j 7, I < l ,. whole milk fam', 11 • hid • skhn - 11 ft 11 % kinik tine, !» 4 '/10% i lEGMin IN WHEIT MARKET May Prices Lower and Other Options Higher—Corn Fol lows Same Trend. ST. LOUIS CASH QUOTATIONS. Wheat -No. 2 red Corn 82 Oats 5314 CHICAGO. May 28.—While May wheal was *,<• lower this morning the July op tion was up %c and September was off a small fraction Liverpool, which had been closed since Friday, came -li to Id lower today on favorable crop conditions abroad and the excellent crop 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 *, to %c higher for the list, and this’, too, in the face- of a sharp drop at Liverpool. Oats were *«c higher to * g 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 on bad crop reports. Realizing sales on the upturn caused a moderate reaction and final prices showed net gains of %c on Jul.'-. 1c on September, while May closed with a net decline of II4C. the low point for the day. While corn was weak, early prices ral lied late in the session on a good demand. Oats opened weak, and, like corn, strengthened late on good buying Provisions closed higher on a good.de mand generally credited to Western pack ers. Comparatively, trade was of moder ate volume. CHICAGO GRAIN MARKET. ' Fr«» ; ©pen High. Low. Close. Clos* WHKaT—' May 144l s l-U'i 1 13' 2 1.13*4 1.14** July t"10\ 1 11’. 1:1.0s 1.1U4 I.KH), Spt. 1 Os'j 1.07 1.0-U, 1 Oti’,4 1.051, Dec 1,05* k 1 07', 1.05 1.06*4 1.05»» CORN -~ May .Alls 81-\ 79* 2 80*- 816, July 75 75A 7-I"-, 75% 75V, Sept 72% 73*5 72\ 73*4 Deo. 63*. 63% 62", 63% 63 OATS— ; May 65* 2 55% .ts*4 55 July .'.fi* 2 51 50*, 50% 50% Sept. 42* 2 42% 42*, 42% 42% Dec. 43% 43% 12*, 43% 43% PORK - Mv 18.45 18.45 1.8.45 18.45 13.3214 Jly 18.42% 18.55 18.37*4 18.55 1.8.37% Spt 18.37% 18.55 18.37*4 18.55 18.42’4 LARD— F Mv J 0.55 10.55 10.55 1 0.55 10.50 Ji, 10.60 t 0.65 . 10.60 10 60 in nfi spt. 10.75 10.85 . 10.75 ■ in.SO 10.80 RIBS— My 10.25 in. 25 10.25 10.25 10.15 Jlv 10.17*2 10.271, 10.17*4 10.27*,-, 10.20 Spt 10,32% 10.45 10.3214.10.42% 10-32% CHICAGO CAR LOTS. Following are receipts for Tuesday and est Inta led receipts for Wednesday: • ITuesday. iWedn’sday Wheat I .38 I 70 Corn 154 ’ 154 Oats I 128 I 152 Hogs I 12,000 I 28.000 _ PRIMARY MOVEMENT. ""WHEAT— I 1918 I 1»U Receipts I 364.000 1 Holiday. Shipments 566.000 | Holiday. CORN— | | Receipts . . . .A . 383.000 Holida). Shipments I 309.000 | Holiday. CHICAGO CASH QUOTATIONS?, At CHICAGO, May 28 Wheal. No. ?‘red. $1 .* 13 ’ 2ft 1.14% ; No. 3 red. sl.ll %ft T.l£: No. 2 hard winter. $1 13%ft;1.14%. No 3 hard winter. sl.ll (4(0(1.13; No. 1 northern spring. sLlßft l. 21; No. 2 northern spring sl.lHft 1.19; No. 3 spring. $1.10ft1.16. Corn. No. 2. "ft’-zft 80%: No. 2 white. ft 81; .No. 3 yellow , 79ft ft 80%. No. 3. 76ft 77%: No. 3 white. 79ft80. No. 3 yellow. 77ft77%: No. 4. 73%ft75: No. 4. w.Nte.uJ-Q, ft 77: No 4 yellow . 74%ft 75 , -i. Oats, No. 2 white, 56% ft 56-%; No 3 white. No. 4 white, 54ft*55Vs. Standard. 56%. LIVERPOOL GRAIN MARKET. Wheat opened %d tn lower: at J :30 p m was %d to Id lower. Closed %d to hl lower. (’orn opened \d tn lower. Mt 1:30 p. m. was l%d to l%d lower. Closed !%d to 1 %d ’lower. VISIBLE SUPPLY CHANGES. Following shows the weekly visible sup ply changes in grain for the week: Wheal, decrease 2,342,000 bushels. Corn, decrease 731.000 bushels. < >ats,«decrease 142.000 bushels. COTTON SEED OIL. Cotton seed ofl quotations: I Opening. I Closing. Spot 6.85ft:7.00 June 6.87ft'6.91 6 88ft.6.95 Jul} 6.98 ft 6.99 I 6.99 ft 7.0! August . • 7.08 ft 7 10 I 7>’11ft)7.12 September .... 7J4ft7.15 7.14(&7.T6 October .... 7.10ft7.11 7.11ft<7.1.3 November ... 6,60ft‘6'.65 '6.61t®6.66 December 6. loft-6.50 6.48@ : 6.50 Closed’stead} : sales 8,300 barrels. 4011 k Diversified Service STI This bank performs all the □J fnrii'lions of a commercial and saving's bank. ■ Care of funds on checking or sav ings account, loans uoon 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 Svstematlzsrs A I I AN I A and I A MFA 17