Newspaper Page Text
HOT MOT TRIM
COST OF LIVING
Bumper Crop Expec-ted to Bring
Material Reduction in Cost
of Food Products.
By B C. FORBES.
NEW YORK. Max 29 -Good news can
he conveyed to the American family.
Prices of all kinds of meat, as well as
butter, milk and cheese should come
down. Articles of clothing made from
cotton should also move in the same di
rection. while if woolens do not decline
the public will have reason to feel cha
grined over the outcome of tariff revi
sion
W hat crop, think you, ranks next in
value to King Corn? Cotton? No
M'heat- Not at all. It is hay. The Wall
Street breed of farmer seldom realizes
this Indeed, city dwellers hear so little
about this inconspicuous product that
they do not grasp how intimately it af
fects their household bill. This year's
grass crop promises to pass all records,
thanks to the abundance of moisture.
Now. with an abnormal supply of green
grass and hay. th*» farmer will be able to
raise plenty of cattle to supplx all do
mestic requirements and the needs of for
eign customers.
You will recall 1f you have anything
to do with household accounts that every
time the butcher adds a few < ents more
to his charge for meat he lays all the
blame at the door of Nature “there is a
great scarcity of fodder owing to the
drouth. ’ he conveniently explains. The
same reason is given when butter and
milk soar skyward. Hence, it should and
no doubt will follow that a bumper crop
of grass spells lower prices for these com
modities of every-day use.
Sunshine Will Bring Harvests.
Yeoman service has latterly been ren
dered the United States by King Sol. A
few weeks of such feather as has recently
been enjoyed will work wonders in creat
ing agricultural wealth, upon which our
prosperity so largely depends I*et us
have harvests of unprecedented size, and
no amount of political wrangling will hold
the country hack, at least not in the
near future, although the political por
tends are grave enough to cause capital
to pause
The extreme desirability of more gen
erous yields of farm products will be
realized when it is noted that while food
stuffs show an increase of less than two
per cent for the last decade, the rise in
value has been some SO per rent. Popula
tion has gone up 27 per cent in the same
period.
Financiers are striving heroically to re
main unmoved by the political storms
now raging. But their equanimity does
not mean Indifference. One morning
there will probably be a real old-fash
ioned scare, and then security values will
temporarily tumble headlong.
Outlook Politically.
Wall Street can not foresee the outcome
of the present many-sided struggle. Rut
here is ope financial reading of the situa
tion:
If President Taft receives the Republi
can nomination. Mr. Roosevelt will .found
a new party, and the split will result in
the election of the Democratic candidate.
If. on the other hand. Mr. Roosevelt wins
at Chicago and the Democrats select a
worthy leader, a close fight is expected.
No confidences arc betrayed by saying
that Wall Street believes Mr. Roosevelt's
bark is much worse than his bite would
actually be if elected Nor is capital,
after its experience with the Republicans
during the last ten years, greatly afraid
of Democratic rule
The truth Is. that many of America's
strongest men of affairs are veering round
to the view, already forced upon British
employers, that the people will not rest
satisfied until the relations between capi
tal and labor, between the rich and the
poor, have undergone substantial modifi
cation. A more equitable distribution of
profits, a rearrangement of taxation, less
discriminatory tariff schedules are among
the demands that will not be silenced.
Day of the Progressives.
For good or for evil - and surely it is
fnr good "progressive" legislation is
being forced upon the statute books, not
only of this country, but of the most en
lightened nations of Europe. Certain far
sighted capitalists are now urging their
colleagues not to throw themselves vainly
against the tide, but rather to endeavor,
by fair means, to direct the tide into le
gitimate and non-ruinotts channels.
Business is doing a little better. The
warmer weather has stimulated purchas
ing of goods at retail. Prospects of boun
teous crops are causing the railroads to
order enormous quantities of material,
and prices are a shade higher In one or
two lines Traffic even now is of heavy
volume, but net earnings are not cor
respondingly satisfactory
Railway firemen in the East and freight
handlers in the West are agitating for an
advance in wages, and the selection of ar
bitrators for the Eastern engine drivers'
dispute has had to be passed up to gov
ernment officials. Labor troubles, there
fore. are not an impossibility
Anthracite Producers Gam.
Anthracite producers have simply
thrown the burden of the increase In
wages upon the defenseless public. In
deed. they have gone further: they have
added a few million dollars extra, so they
are better off than under the old sched
ule. It is naively explained that the ad
ditional twenty-five cents a ton can not
be ’evird upon certain sizes, as there
would be competition from bituminous
coal, but the householder, cornered, must
use anthracite, and must pay whatever
price the producers please to name.
In face of the fortunes the anthracite
Interests have been piling up for years,
would they not better reconsider their
action? Such conduct is not conducive tn
harmonious relations between the ‘haves
and ’he "have tints.
The stock market’s irregular movements
are a fairly accurate reflex. of current sen
timent. Bonds are not easily distributed
reall' distributed that is. as distinct
from merely 'placed.’’
ESTABLISHED IBGI
The Loxvry National Bank
OF ATLANTA, GA.
CAPITAL - $1,000,000
SURPLUS - 1,000,000
Designated Depository of the United States,
County of Fulton, City of Atlanta,
INTEREST PAID ON SAVINGS.
PUPILSUNDEHFED
BRITON CHARGES
Feeding of Boys in Public
School Scandalous. Says
Woman Reformer.
LONDON. May 29.—Great interest
has been aroused among public school
masters and parents all over the coun
try by the question of the alleged in
adequate or improper feeding of public
school boys, which is to come up for
discussipn at the National Food Re
form association’s conference at- the
Guildhall on Monday next.
Mrs. M. H. Bailey, the wife'of the
vicar of Christ church, Forest Hill, who
has made a special study of EngMsh
public school education and life, is con
vinced that the entire system is over
ripe for reform, and makes a sweeping
indictment of the food provided at th
average school.
Too Little Food and Rest.
"The public school boy has not only
too much exercise and too-.little rest."
said Mrs. Bailey yesterday, "but he
does not ,receive sufficient food for lite
physical and mental work required of
him.
"The plentiful table of his earlier
yea's, which lie needs even more when
at school, is a thing of the past. His
breakfast is meager, while his dinner
is’insufficient’, generally of poor quality
apd lacking in nutrition, and too often
composed of made-up dishes, with a
minimum of green vegetables and. an
essence of fresh fruit, which are so
essential for the purity of his blood.
"The substantial meal about 7 o'clock
that his sisters almost Invariably enjoy
at their schools Is nearly always lack
ing in his ease.
12 Cents a Meal With Profit.
~"WOaT' can you Expect. however."
Mrs. Bailey continued, “when at some
of our publlb schools the bursar re
ceives a. percentage for keeping down
the bills below a certain sum. while in
others twelve cents is the recognized
bursar's allowance for a boy’s break
fast and tea, including his own profits?
"I make no plea for luxuries in the
way of eating, merely for the four
square- meals a day, which any healthy,
growing boy can comfortably put away,
and which are amply paid for by his
parents. No gardener brings a flowe
<>i fruit to perfection by stinting it of
moisture, nourishment a nd'sunshine.
'.'T-he feeding of boys at public
schools today is. 1 consider, nothing
short of a scandal."
PANIC AS LINERS
CRASH NEAR LAND
NEW YORK, May 29. The Porto
Rican liner Berwind, outward bound,
todaj rammed the French line steam- |
ship Hudson, coming in from Bordeaux, '
about a tnile off Sixty-ninth street, ■
Brooklyn, tearing a big hole in the
port bow of-the Hudson
Eighty-one persons, many of them
women, who were on board the Hud
son. remembering the Titanic disaster,
were thrown into a panic when the
crash occurred. They rushed up on
deck in scant attire, begging for life
boats to be lowered, and it was with
difficulty that memtiers of the crew re
strained some from leaping overboard.
Meantime Captain G. David had
pointed the Hudson's nose toward the
Long Island railroad docks at the foot
of Sixty-fifth street, Brooklyn, and was
proceeding ahead at full speed. He
did not know what damage had been
done to the Hudson and was taking no
chances on having her sink.
A stfange feature of the' collision,
which will be investigated. Is that it
occurred in ' clear weather and that
Captain David saw the Berwind when
she was some distance away. He be
lieves that Captain Christopher of the
Berwind misunderstood his signal oi
Obeyed it too late.
The Porto Rican boat shot straight,
ahead to the Hudson's bow and then
came the crash—a crash that threw
some >'f the French liner's passengers
out of their berths. A hole six feet
square was torn in the Hudson's bow,
well above the water line.
No water was taken in by the Hud
son. hut Captain David did not wait to
investigate the damage. He made for
the nearest landing place.
JAIL AND FINE FOR
DOING WILD WEST
ACT AT FIVE POINTS
.1 V. Cardwell. a printer. is busily en
gage* 1 today repenting of a wjld, and
woolly stunt which he pulled off a!
crowded Five Points. frightening a
throng "f women and men. and which
landed him in a peck of trouble.
When Gard well’s escapade was summed
up before Recorder Broyles, he stood ac
cused of shoot nig at another man. flour
ishing his pistol in the crowd, and at
tempting to shoot Policeman Luther
Green. He was. fined $50.75 or 30 days for
discharging his pistol and was bound
over to the 'itaie courts in bond of SSOO
on the charges of shooting al another
and carrying a concealed weapon.
Cardwell explained that he was drunk
Hp shot at William Bailes. another
printer
THE ATLANTA GEORGIAN AND NEWS: WEDNESDAY. MAY 29. 1912.
NEWS AND GOSSIP
Os the Fleecy Staple
'From Ha v ward & Clark
NEW YORK. May 29 Carpenter, Bag
got <£• Co.:The market opened very quiet
and without special feature.
T ’alias, Texas, wires: "Texas, western
portion clear, ’balance generally partly
cloud' and warm Oklahoma <Mear and
coo!."
Following are 11 X. m. bids: July.. 11.11 J
October. 11 26. December 11.36; January.
11.: T
Special reports to The Journal of Com
merce on crop conditions:
Mississippi Wet weather has necessi
tated some replanting and the season is
ver.' backward; estimates verying from 2
to 5 weeks late. Considerable cotton is
not yet up and planting is not entirtly
finished. The boll weevil has appeared in
a number of localities, and percentage
estimates of conditions range, rather low
After complaining of too much moisture,
some sections which have recently, been
planting are now wanting rain Cotton
is generally small, and stands, where ob
tained. are below the average. <>n ac
count of the overflow in the Delta lands
acreage will be curtailed and planting
will be very late.
Louisiana -Overflowed lands are the
cause for many districts ‘reducing acre
age: otherwise there is a general ten
dency to increase quite liberally On ac
count of so much rain and- cool nights
condition is rather low. Plants are small
and stands poor Some replanting has
been necessary, and the soil has been
poorly prepared. According. ♦<» locality,
the season ranges from 3 to 5 weeks late.
With favorable seasons a fair crop will
he made.
Estimated receipts Thursday:
• 1912. 1911.
New Orleans 2.500 to 3.000 414
Galveston . .1.000 to 1.200 .»><
NEW ORLEANS. May 29. Hay ward &
(’lark: The weather map shows very fav
orable conditions. Fair in Oklahoma and
\rkansas; cloudy elsewhere; temperatures
north Texas and Oklahoma and Arkansas
8 to 12 degrees lower; more rains east
Texas, central states and Tennessee
Prospects are for more rain in the
and eastern states and south Texas,
clearing in- north Texas.
New Orleans Times-Democra t uniie
rains are needed Is some portions of the
belt, yesterday's small reaction upward
was probably due more to the narrow
ness of the market and to the current
practice of buying on declines than to
any recognized change in the general
crop situation. Business would be en
couraged by a further decline, that is.
pew crop business would, since export ets.
almost without exceptionfi admit the pos
session of information that leads them to
believe the consumers of tbe world now
require very little additional encourage
ment to make buyers of them. It is not
to be expected that spinners, in the near
future,' will provide all of their new* sea
son requirements, but that they will be
gin to buy seems very reasonable ,n -. v, £ w
of their Knowledge that not a bale of Kite
16.000.000-bale crop has gone begging. At
the moment the spot markets are very
quiet. There is no pressing demand an<l
there is some cotton for sale But sellers
are not at all inclined tn make conces
sions. and assert that they could do bus>-
with ver' little effort. Meanwhile
the halting habit of the price tendency
keeps bull and bear alike on the anxious
«eat Most evervhody expects a further
decline the bull in the near future and
the bear later on.
THE WEATHER
CONDITIONS.
WASHINGTON. May 2'.i. Th4re wffi be
shower? tonight in New England and the
middle Atlantic states, followed b> fair
weather Thursday. In lhe south Atlantic
states there will be local showers tonight
or Thursday, while in the lake region, the
Ohio valle> and tbe east gulf states fair
weather will prevail.
It will be cooler from the Ohio valley
and lower lake region eastw'ard.
Small craft warnings are displaced on
the Atlantic coast from Norfolk to East
port.
Virginia Showers tonight or > Ihursday
in the southern portion and showers to
night followed h\ generally fair Thurs
day in tbe northern portion: cooler to
night in the northern and western por
tions.
North and South. <‘arolina and Georgia
- Local showers tonight or Thursday.
Florida Local ’showers toinight or
Thursday. ,
Florida Local showers tonight or
Thursday, except fair in the extreme
southern portion.
Alabama and Mississippi Generally
fair tonight and Thursday
Louisiana, Fair and ' <»oler tonight, and
Thursday. ~ „
.Arkansas. < »\lab<»ma and I exas Fair
tonight and Thursday.
DAILY WEATHER REPORT.
Max 29. 1912 Atlanta: Lowest temper
ature. 72: highest temperature. 86. mean
temperature. 79: normal temperature. 72.
rainfall in past 24 hours, trace: excess
since first of month. .09 inches, excess,
since .lanupary 1. 8.08 Inches.
REPORTS FROM VARIOUS STATIONS.
“Stations I Weaih. Temperature ItTMI
I 7 Max 24
la. m. .v'day. hours.
Augusta . ... Olotidy 76 . .
Atlanta . . Cloudy ■ 72 8u
Atlantic City. Cloudy 64 aS
Anniston .... Cloud>■ 76 ~ . -
Boston 1'101)0.' 58 •
Buffal" ....... Cloudy 58 .6 .86
Charleston . . I’t. cldy. 80 8- .
Chicago' Clear 48 76 .•••-
Denver clear 48 <6 .....
Des Moines. Pt. cldy 58 08 ....
Duluth Cloudy 40 48 ....
Eastport . . ..Cloudy 56 06 t ■■■■
■ Gal vest on .... 'Cloudy 78 ‘ 84 ....
Helena Cloudy 48 66 ’ ....
Houston Pt- cldy. i* ._.
Huron Cloudy 50 no .0.
Jacksonville Clear '
Kansas City.. Cloudy 60 rS .
Knoxville . cloudy as <8
Louisville . . Cloudy 68 •4’’
Maeon (’loudy 7* • •
Memphis . . M
Meridian .. . . Clofidy .2
Mobile < loudy .8 «6 I
Montgomery. Raining 76 90 .06
Moorhead i'loudy 50 oa ."4
New Orleans Cloudy .8 so
New York . . . Cloud.' M 8n
North Platte Clear 48
< iklahoma . ''Far 62 84 . . _
Palestine . ..Cloudy <2 >0 _H
Pittsburg ... Cloudy « 86 I
Portland Cloudy 32 M ..x
San Francisco clear "r ■’ ■■ ■■
Si. Louis . . ■ . cloudy 'L 8 ....
St Paul. ( ’leaf 4* ■• • •
Sal! Lake Ct\ Pt. eld.'- 56 72 . ....
Savannah ... Pt. cldy M . . ...
Washington . I’t cldy. .4 80 ■■ ■ ■
LIVE STOCK MARKET.
CHICBGO. May 29. Hogs Receipts
30 000 Market slow m .'><• lower: mixed
and butchers J7.05W7 65. good heav.' { I"
'<l 7 55. .rough heavy s7.n."Ca 7.35. light L
4, 745 pigs 854/ 6.75. bulk 8,. 9.54, ,~0
t’atile Iteceipts 18,000 .Market 10c >.■
|sc lower: beeves $6,904)8.25. cows anti
heifers SS.IOf/S. stockers and feeders,
4iti.go, Texans 86.404) 8 15. calves $7...04;
8 75
Sheep- Receipts 18.000 Market <!<■« to
in,‘. lower, native and M estern $1 90"« 6 40.
lambs $6lO 9.15.
SUTTER, POULTRY AND EGGS.
NEW YORK. May 29 Dresser) poul'ri
ou'et turkevs chickens 174,2.8
fowls HDYi’n', dueks 1347?'. geese H
45 in Live poulti ' ’rregular: fowls 15’.'0
tn rnrkevs t'J asked, roosters 10’, asked,
ducks 12 asked, gees? !> asked
H'ittor easier, creamery spe ial? tu’-'h
27 creamery extras 26'ft26 , - 2 . state dairy
(tubs, process specials 26 bid.
|rn- — steady: nearby white fancy
I. ' nearb.' brown ram-.' 20i.,4/jl. extra
firsts 214)21'-. firsts 17L 'a 19'r
NAVAL STORES.
SAVANNAH. May 29. Turpentine firm
nt 45 sales 150. receipts 1.215
Rosin firm, receipts 3.075 watet "hits
87 >0®7.50. window glass 87.404,7 \-
I 04, 737 M $7 304)7 10 l< >7 304)7 40.
I t- 504; 7 <O. H 87 •-•54) 7 .17'- G >7
7-.. i .*■ is® 7 i f > "'vs ; 20. i>
C 65. ' BA $6 15® 6.35-
COTTON SELLERS
WERE FEW TODAY
Bull Control Prevented Mate
rial Decline on the Favora
ble Weather..
NEW Y<»RK. May 29 Tn? cutton mar
ket opened stea?!.'. unchanged 1 to 3
points higher today. There was good
buying from both New < uleans and Liv
erpool sources. Spot sales abroad were
improve<l. Better cables were offset to
some degree b\ good weather over lhe
Southern belt. After the call the under
tone was quiet. There was an advance
of from 1 to 2 points-
Futures and spot were firm in Liver
pool.
In the afternoon the market was dull
and irregular, with prices at 2 o'clock 1
point lower to 7 points higher as com
pared with the previous close
The New York cotton exchange will be
closed tomorrow New (trleans and Li\
erpopl will be open. Liverpool will be
closed Friday and Saturday
At the close- the market was steady at
declines of 2 to I points from Tnesilay’s
closing.
Semi - week]' interior movement:
~~ f 9Y2” 1911. J 910.
Receipts 11.337 4.285 9.090
Shipments 19.113 13.396 16,531
Stocks 1 «'»:•. 71 1 13062 176,270
RANGE IN NEW YORK FUTURES
' JS t s-1 3 -1’ £
May 11.0611.1211.61 111 05:11 11 05-06
June 11.91-96 10.96-98
July 11 OR 1113 11.02 11.01 11.01-05 11.06-07
Aug 11 14 11.14-11.09 11.09111.09-10 11.11-12
Sept. 11.19 11.19 11.19 11.19 11 12-13 11 16-17
Oct 11.24’11.29 11.17'11.20 1 1»19-20 11.23
Dec. 11.28 11,38 11.27 11.29 1 1.29-30 11.32-33
Jan. 11:33 11.34 11.22 1 1.25 11 25-26 11 28-29
Feb 11.29-39 11.32-34
Meh. 11.39 L 1.43 11 EH 11 36 1135-3 G 11.39-40
Closed steady.
Liverpool was due 1 1 2 < u2 points higher.
Opened steady at 3 points advance. At
12;15 p. m. was dull but steady at a net
advance of 3’n to 5 points. Fair business
doing in spot-cotton at 5 points-.advance;
middling. 6.37; sales. 8,000. Including 7.ROA
American; speculation and export. 500;
imports, 33,000, including 28,000 American.
At lhe close the market was steady 2V 2
aboveTufsdayAs final quotations.
RANGE IN LIVERPOOL FUTURES.
Futures opened firm.
Opening. Prev
Range. 2 P M. cinsa. Clos<
May . . . 6.17 6.17 6.15l 2 6.13
May-June 6J.6 -6.16 6.16’2 6.15’2 6.J3
June-Julv 6 16’o-6.16 6 16’., 6.15 U 6.13
Julv-Aug. -6 19 -6.19 U 6.19 n 6.1 R 6 15X 2
Aug.-Sept 6.19 -6.20 ~ K.IBU 6.16
Sept.-Oct. 6.14*2-6 16’*, 6.15’v, 6,11’-2
Oct. -N*ov. 6.12 *'-6.11’0 6.14 6.13’i 6.094
Nov.-Dec.
Dec.-Jan 6.12 6.08
■ lan,-Feb 6.11 -6.12*0 6 12'-, 6.12 6.08
Feb.-Mc.K 6 11’, 2 -6 13’-2 ‘ 6.13 6.08’ 2
Meh.-Apr. 6.1 2'-2-6. J 4 V 2 ......6.14
Closed steady
HAYWARD & CLARK’S
DAILY COTTON LETTER
NEW ORLEANS; May 29. Although
w.eatber developments ‘overnight were fa
vorable, there was a marked scarcity of
sellers here this morning, and prices ad
vanced on straddle buying, while Liver
pool showed easiness. The difference be
tween the markets invites buying <»n our
side and selling in Liverpool
Bullish control is hardly disputed at the
moment, as bears realize that we are still
too far off fmm a positive assurance of
a full crop, and the market therefore
advances easily Whenever buying develops
for any -'ause.
The report of r The Journal "f Com
merce on Mississippi is tinfaVorahlp. The
sudden change from excessive rains to
dry weather is complained of and the need
of rain is pointed out. Tbe report on
Louisiana is somewhat better Good rains
fell in Mississippi and Louisiana over
night. New York wires said that the
strength of the market was partly due
to short covering, tomorrow being holiday
there.
Xccording to Mr. Ellisons latest re
ports. .comparisons -of mill stock are as
follows: Great Brjtajn .7.42,00(1. against
677.000 lasi year. 340,0.00 in ll’jn and 573.-
000 in 1909; continent 2,0‘»3.Q0,0. .against
1,540.000. laat year. ’.900,00.0 In 19in and
\s">2.oon’ in 199. Total. 2.795.000. against
2,217.006 last >ear. 1,830,000 in 1910 ami
2,125,000 in 1909.'
Detailed records show copious rains in
Mississippi, east Tennessee and over a
large pari of Louisiana. Georgia, the Car
olinas and Alabama and eleven stations
in Texas average .90
RANGE IN NEW ORLEANS FUTURES.
1 f Ls I k!J ~ I 3 £ e
£MJ |M| ® I
May H.G7 11.8711'14 ll. B’. 11 84 85 11.80-6'l
Juno IL6J-6J 11.60-52
Julv 11.6.1 1 1.68 I L'lO-J 1.61 11.60 61 11 61-62
\ Jlg 11.48-50 1 1.48-50
Ort ' 11.35 11 42 11.30 11.32 1 1.31-32 11.32-34
Nov ■ 1 1.32-34 11.34-36
Dec 11.3" 1 1.42 1 1.32 fl 33 11.33-34 11.35-36
fin' n:n ll ♦« 11:35’11 36 1L36-37 H. 38-33
Feb 1 1.38-40 11.40- 12
Meh. L | |. ; .
Closed steady.
COTTON MARKET ' OPINIONS.
Hayden. Smne X- : Continuance of
present favorable weather, conditions
would probably make for lower prices.
Logan & Bryan: Spinners are best buy
! ers
Bailee * Monigomery: There is enough
1 unceriaint.' about the crop to warrant
i ■ onservative buying on breaks
Thompson. Towle & Co.. I'resent levels
<Io not tempt selling operations unless the
bottom drops 01'11 of the spot situation.
SPOT COTTON MARKET.
Atlanta, steady: middling 11' 2 .
New York, quiet: middling 11.50
New Orleans, dull: middling 119-16,
Liverpool, easier: middling 6.37<1.
Savannah, uuiet; middling
\ugosta. quiet ; middling 12c.
Mobile, steady: middling Hi;.
Galveston, ipiiet: middling 119-16.
Norfolk, steady; middling 11'/ 2 .
- Wilmington, nominal.
Little Rock, quiet; middling IF-.
Charleston, nominal, middling ll'-.
.Louisville, firm; middling 11'4.
Philadelphia, steaily: middling 1175.
Boston, quiet; middling 11.5".
Baltimore, nominal; middling lljj.
. Memphis, stead, ; middling 12c.
st Louis, ■iniet. mldilhng 11’8
11,. iston. st eadv . htiddling 11V
PORT RECEIPTS.
The following table shows receipts aj
i nP ports today cumpare<l with the same
iday ia.-' .'ear:
|_ 1912. | 1911. _
I New ' Means ... 2.145 2.106
Liaiveo..,, i.is?
■ Mobile LM
i Savannah 881 ,66
■ Charleston . . It 24
i Wilmington.... D 4
i Norfolk 149 17
i Baltimore 118
New lurk. . —*
Boston ■. . . -s <
| pacific roast __ - 445
-y;: fa i 5.-132 " 8 7'K '
INTERIOR MOVEMENT.
~i ’(’’F * "'Bll
! Hrnisioii. • ■ ■ ■ • 366 356
| Augusta I?'' 39
Memphis . . . . '
I Sf. Louth ..... ’J R 1.145
' < ‘inr’nnai i ... 1.811 211
| Lit de !.
, ' Total. ’ ; " v -
METAL MARKET.
NEW Y<»RK. Ma' 29 \» 'lie mMnl
TONE IN STOCKS
HEAVY LUTE
Declines Were General in En
tire List. Canadian Pacific
Being the Exception.
By CHARLES W. STORM
NF.W Y'»FiK. Max 29. Canadian f’a- ■
eific led in a general upturn at the open- i
mg - of the stock market today. It was I
J" 4 over last night s closing. This was|
chiefly due to Berlin anil London bujing ■
The effect of a Roosevelt victory in Npw i
I Jersey had been discounted. It had no !
appreciable effect upon the market. Buy-
I ing from Europe wa.- the chief factor.
Prospects of a government investiga
tion of the proposed increased price of
anthracite coal had.no appreciable effect
Reading gained ’•> Erie < onimon opened
unchanged, but advanced ’ s .
The coppers were firm. Xmerican
Smelting was up \ and Amalgamated
Copper rotfe t 2. I'nited States Steel was
another firm issue, gaining *•s»
t’ther gains were: Steel preferred ’4.
Erie preferred Atchison I nion Pa
cifi» Missouri Pacific \ and Southern
Railway ’«
The curb was stead.'
Americans in London were steady, and
made gains over New York parity.
Trading late in the forenoon was heavy.
Rock Island collaterals declined I\. caus
ing some urgent selling in Rock Islan*!
preferred, which dropped 2 points, and a
loss rtf 1 was recorded in ihe common
stock Fractional recessions were sus
tained. in Lehigh Yalle> and Reading
The Interborough Metropolitan Issues
were weak. •
There was a cessation of pressure lat* 1
in the afternoon, but the undertone con
tinued dull. A few of the issues rallied
from the lower range Room traders
bought the important railroads and In
dustrials iti the belief that a rally was in
order. This buying was the only fea
t ure.
The market closed irregular
Governments unchanged; other bonds
irregular.
Stock <1 uolatinns:
. (Last! CHs I Pref
STOCKS— _ I High ILn w ISaie.l Bid.lCFse
Amal Copper 83L 81’2 82 7 a 82 1 ? 82\
Am. Ice Sec.. 2813 26\ 27’<: 27 3 » 28*<
Am Sug Ref.
Am. Smelting 86 84L? 85 l 485 85
Am Locomo. 42' 4 H 41% 41% 41%
Am. (’’ar F'dy. 59 58% 58% 58% 59
Am Cot. oil ..F54 54 54 54 53%
X m Woolen 27% 28V4
Ana<‘onda . ..' 42% 42% 12% 42% 42%
Atchison .... 106’4 105% 106 105% -08%
A C L • 139 139%
Am Can .... 39% 37% 38% 38% 38%
do, pref. . II” lift ’J.”’ 4 11®% IJ6* 4
Am Beet Sug 72% 71 72 71 % 72
Am. T and T 145% 145% 115% 145% 14.»%
Am. Agricul: 61 61 6| 61
Beth. Steel 37% 37 37% 3<% 3.’ : ,
R R 'l' .... 89% 88% 88%- 88’$ 89%
B and <> 108% 10RA 8 108% 108 108%
Can. Pacific . 267% 265% 267 267% 263%
; I ’orn Products 15% 15% 15% 15%' 1.»%
: r and o .. . • 79% 78%| 79 78% 78%
I Consol Gas ..‘142% 141% 141% 14L% ’%%
<’en. Leather 25% 25 25 1 27 25%
j Cpio, F. and Ll 28 28 !28 37% ; 28
, Colo. South..J J 41%
i). and H ..... • ■
. Den. and R. G ’ 1.9% 19%' 19%. 19% 19
Distil. Secur;. . 32%; 31 % -31% 32% 32
Erie 35% 34% 35 34*4 30%
do. pref . 53 r 452 52% oL% %
Ge.n. Electric . 17l 169% 170‘g 170"< 171
Goldfield Cons: '4% 4% 4% 4% 4%
G. Western 1 • Ji 72
G. North,, pfd 133% 132 132% 132% 132%
G. North Ore.. 43'$ 41% 42% 40% 42
int Harvester 121% 121% 121% 119% 12»%
Interhorn .... 31% 20 20% 20% 21
do, pref ... 60% 58% 59 58% 60
lowa Central 12 12
K C South... 24 22% 22% ‘-3% -4
K and T 27 26% 26% 26% 26%
<L$. pref I
I, \allex-. . . 177% 173% 174% 174% 1/6%
L and N . .157 157 !.■>« 15»
Ab. Pacific . 38% 35% 36% 36% 37%
N. Y. Central 118% 117% 118% 118% 118%
Northwest. . . 138% 138% 1.38% 138 138
Nat Lead .. • .59 56% 57% 57% 54%
N and W . . 11.2% 11 I%' 112% 112 1.12%
No Pa. ifi.’ . . 121% H 9% 120% 120 .$ ISO%
<♦ and W . 31 % 37% 37% 37 37
Penn . 123% 123% 123% 128% 128%
Pacific Mall. . 33% 33% 33% 33% 33%
p <; a < Co , 114% 113% 111 113% 114%
P Steel Car . 35 31% 34% 34% 35
Reading . 173% 170% 170% 170% 173
Ro<-k Island . 26% 23% 24% 24% 26%
do pfd.. . . 54% .»1 •’’V'k -
R I. and Steel 23 22% 2*% 23 23
do. pfd
S -Sheffield 49 13
So. Pacific. .H 1 % 110% 111 %11 111 %
So. Railw’ay. 28% 28 28% 28- s -8%
do. pfd.. . ■ "5 "4'r 74%. 74 <4%
St. Paul - 196 105 |lou% 105% 10r>%
Tenn, (’upper . 45% 44% 44% 44% 4.»%
Texas Pacific 1 .... 23 1 23%
Third Avenue 1 38 h 38%
I’nion Pacific 171% 170% 171% 171 % 170%
I S Rubber . 65 63 64 63% 64
I tah (’upper . 62% 61% 62 62% 62%
I S. Steel. 70% 69 69% 69% 69%
du. pfd. .110% 110% 1 10% 1 10% 110%
\ -C (’hem . 52 51 % 51%, 51% 51 %
West. I’nion. . 83 32% 82%! 82%’ 83
Wabash. . . ? 7%
<lm, pfd. . . .' 18% 18% 18% I*% 18%
West Elec. J 72% 73
Wis. Centra] 5|% 51%
W. Maryland.' ». «»8% 59
LOCAL. STOCKS AND BONDS.
RM
Atlanta & West Point R R .. 14fl 145
American National Rank ... STS 31 o»
Atlantic Coal &■ Ice common. 101 102
Atlantic Coal * Ice pref . .. »3 a
Atlanta. Brewing & Ice C 0... 175
Atlan'a National Bank .... $25
central Bank * Trust Corp )sn
Fxnositlon Cotton Mills
Fourth National Bank 245 2511
Fulton National Bank. ... 125 inn
<- a Hl A- FJec. stamped. ..■ 124 ,12fi
Ga ID * Bow. Co., common 2$
do Is’ ? f (' ' ,ft $5
du '-''l P" •■■ ■ • <4
Hillvr-r Trust Company 125
I owr" National Bank. 24$ 25n
Realty Trust Company 108 nn
Sixth Ward Bank MI4 mi
Southern Ice c0mm0n....... 71
Third National Bank, new 205 210
Trust Co of Georgia 225 235
Travelers Bank * Trust Co.. 125 125
traie'-" RONDS
Vtlapta Gas Light Ist 55....
Georgia State 414 s 10 15 .... 101 • 10j
Georgia Midland Ist 3s fie e>
Ga By & Elec. Co. ss. 101
Ga Ry Elec ref 5.« 99 99%
Atlanta Consolidated 5s 102*»
Atlanta City 3'4s. 1931 91 92'-
Atlanta City 4'As. 1921 102 103
Bouthern Bell 5s ’* -» B*s.
NEW YORK PRODUCE MARKET.
NEW YORK. May 29 Wheat steady:
Ju!' I'l'-'o 1.18',. spot No 2 red $1.24>.
in elevator. $1.34'. f. J' b. Corn steady;
No. 2 In elevator nominal, export No. 2
Rm, f o b steamer nominal. No 1 nomi
nal ''tats dull: natural white Hl' •_>'u 53' .
white clipped Rye quiet: No. ‘.l
nominal f o. h New York Barley steady;
malting $1.16'1)1.23 c i. f. Buffalo. Hay
Iri' Ctt'at good to prime $ 1 ."Y'fi 1.65, pern
io fair '1 2537 t.C‘ Flour quiet: sprtng
patent <5.60',) 6.10. straights 55'65 50.
Hears 11 Rsh 5. ’O. winter patents $5 90'6
s 10. straights $5 35?) 5 60. tears Rt.75'6
s‘o<>
Beef firm famll' sls'6 18.5“. Pork
fi rn , : mess $20.25'62“.75. family '2O 25'6
I■. 1 ,■•! -trad' . clt’ steam lo®lfi%,
,'nlriatn tt ect ipn! 1“ 807, 1(1 R’, TallpW
stead' - . c|t; tin hogsheads) 6'. bld.
eonntr' - Hn tierces) JsCokA,
NEW YORK COFFEE MARKET.
f-nffoe quotations:
Opening Closing
I Ft brnari R-5’ 13
Vtarct- . . 13.60(6 13.62 13.58 W 13.60
j| ... 13.6:>t?) 13.70 1:1.58'6 13 60
Nik' rn 35-t 3 45
. . . 13.256 13 50 13 30-6 13 32
Inilv . . . 13 351613.60:13.346,13 36
\qgust .... 13.500 13.80.13.44013.45
■ Sr.pti'tnher .. . **“ 13.54013 55
< , vber 13,80136' 14. 013 56
iN,'Ve))ibor . . 13 .»80 13 <0 13.060 13.n7
p.r -_ IIMM. 13 .-,7j;/ 13 SJI
| steady . Sales. 36.000 bags.
ATLANTA MARKETS'
—. 1
U' I'tesb <ountry candled. 17018'- I
BUTTER—Jersey and creamery, tn Ilk. !
blocks, 2O’-625c. fresh country tltill. 1“
0 per pound
DRESbED POULTRY—Drawn, head and [
feet ,>n. per pound. Hens, 160 17c. fries.
*-o0 27c Roosters. 80* 10c. Turkeys, ow
ing to fatness, 18@20c.
LIME POLLTRY—Hens. 40045 c; roost
ers, 25 0 35c; fries. 30 0 50c; broilers. 250)
"0c;. puddle ducks. 350 40c; Pekin ducks,
4004 ac; geese, 500.60 c each; turkeys, ow
ing to fatness. 170 18c
fruits and produce.
FRUIT AND VEGETABLES—-Lemons,
fanci . $4,000 450 per box Florida
oranges. $3.00103.50 per box. Bananas.
r ’ f “' Pound Grape fruit. $5.00®
“ 00 per crate. Cabbage. I>/.'®2c per pound,
rlnrlda cabbage. S2O 2.50 per erale I’ea
nufs. per pound, fanev Virginia. 6U,®7c.
rtiofce, s'a@6c Beans. round green,
j’ per crate Florida celery.
$- O“0_.aO per crate. Squash, yellow, pet
six-basket crates. $1.5002.00. Lettuce,
fancy, $1.250 1 50; cholic. $1,250’1.50 pet
crate. Beets, 53 00®3.50 per barrel. Cu
cumbers. 75051.00 per crate. F.nghsh
peas, per drum. $1.0001.25. New Irish po
tatoes. per barrel. $4 500 500 per barrel
Btraw’berries. 506 c per quart.
Egg plants. $- 500.3 00 per crate Pep
per, $1.7.’0.2,06 per crate. Tomatoes,
fancy, six-basket crates, $2 500'3 00.
Ybolce tomatoes. $1,750'2 00. Pineapples.
82.500 3.00 per crate Onions, $2.000 2.56
per
per bushel Cranberries. SII,OOO
1-00 per barrel- 50c per gallon.
PROVISION MARKET.
(Corrected by White Provision C«.l
Cornfield hams. 10 to 12 lbs. average,
1614 C
Co-nfield hams, 12 to 14 lbs. average
16'40.
Cornfield skinned hams. 16 to II lbs.,
1 < 14c.
Cornfield picnic hams. 6 »■> 1 lbs. aver-
Cornfleld Breakfast bacon. 23c.
Groper style bacon (wide or narrow).
17'-c.
Cornfield fresh pork sausage (link or
bulk), 35-Ib. buckets. 12c.
Cornfield ftankfUrtOrs, 10-th. buckets,
age. 10c.
Cornfield bologna sausage. 25-lb boxes,
9c.
Cornfield luncheon'barns. 25-Ib. boxes,
lie
Cornfle’d spiced jellied meats In 10-lb
dinner pails. 10c.
Cornfield smoked link sausage. 25-lb
boxes. 9c.
Cornfield smoked link sausage In pickle.
60-115. cans, $4.25.
Cornfield frankfurters In pickle. 15-lb
kits. $1 »0
Cornfield pickled nigs feet. 15-lb. klta
SI,OO.
Cornfield pure lard tllerce basis). 12*4c.
Country style pure lard. 50 lb tins only.
12c.
Compound lard ttlerce basis). 10c.
D.' S. extra rib's.
D S. rib bellies, medium average.
13'4'C.
D. S. rib;bellies, light-, average. 12$4c.
FLOUR ANO GRAIN.
FLOUR - Postell's Elejant. $7 50: Gloria
(self-rising). $6.50; Victory (finest .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
('loud (highest patent), $5.75; Diadem
(highest patent). $5.50; Farm Hell, $5 40.
Paragon (highest patent). $6.00; White
Lily (highest patent), $5.75; White Daisy.
$5.75: Southern Star. $5.50. Sim Beam,
$5.50; Ocean Spray (patent), $5.50
CORN- Tennessee -White. red cob,
$1.08; No. 2. white. $1 “7; cracked. $1.05;
yellow. $1.05; mixed. $1.05.
MEAT. -.Plain 144-lb. 6avks. sl,(Hi-»6-llx
144-lb. sacks. $1.01; f j6-lb. sacks. $1.02;
sacks'. $t (12; 48-lb.' 'staClO.- 71 04.' 21-tb
sacks. $1.06.
OATS—Fancy white dipped, 74c; fancy
white. 71c; mixed. 72c.
COTTON SEED MEA la-Harper. $29.
COTTON SEED HULLS -Square sacke.
$9.50 t>er ton.
REEDS (Sacked)—German millet
$1.65: t ane teed, amber. $1.65; cane seed,
orange, $1 40; Wheat (Tennessee), blue
stem, $1.40; rye (Georgia) $1 35; Appier
oats, 85c; red rust proof oats, 72c; Burt
oats, 75c; Texas rust proof oats. 70c; win
ter grazing. 70c; Oklahoma rust proof,
50c; blue seed oats. 50c.
ilAY—Per hundredweight: -Timothy,
choice atrffc bales. $1.90: Timothy, choice
third bales, $1.60: Timothy No. |. small
hales. $1.85; alfalfa hay, eludes,. $1.65;
Timothy No. 2. $1.50; Timothy clover
mixed. $1 45; clover bay. $1 50, alfalfa
ha v, choice. $1.50; alfalfa No. 1. $1.70;
alfalfa No 2. $1.25;. pea vine hay, 31,26;
shucks. 70c; wheat straw. 80c; Bermuda
hay. SI.OO.
GROCERIES.
SUGAR—Per pound, «'annard granu
lated, 5%c; New York refined. 5%c; plan
tation. 6c.
COFFEE- Roasted (A-ebuckle's), $24.25
AAAA, sl4 50 tn hulk; In bags and bar
rels, $2.10; green. l»o.
RlCE—Head. 4'4®s'4c: fancy head, S* 4
@6’,4c. according to grade - -
LARI* -Silver leaf, 12'4c per pound'
Soco. 9%c per pound: Flake While. •) ',c
per pound; Cottolene. $7.75 per case;
Snowdrift. $6.25 per case
CHEESE Fancy full cream. 22c
SARDINES Mustard, $3 per case; one
quarter oil, $3
MISCELLANEOUS —Georgia cane syrup
38c; axle grease. $1.75; soda cracKcrs. I'.c:
per pound: lemon crackers, tc: oyster 7-
tomatoes (2 pounds), $2 case; 1
$2.75; navy beans, $3.10; Lima beans, 7T4C
Shredded biscuit. $3.60; rolled oats, $4 per
case, grits tbags). $2 20; pink salmon.
$5.10 per case; pepper, 25c per pound; R.
E. Lee salmon. $7.50; cocoa. 38c; roast
beef. $3 80; syrup, 30c per gallon. Sterling
ball potash. $3 30 per case; soap. $15004
per case, Rumford ‘ baking dxiwdei . $2 6t
per case
i'.ALT line hundred pounds, 49c; salt
brick (plain), per case. $2.25; salt brick
medicated), per case. $4 85, salt, red rock,
per cwt., SI,OO. sal* white rock, ;i()c., 50-
tiound sacks, s29c; 25-lb. sacks, 18'-.
F>SH.
FISH Bream and perch. 6c per pound,
mapper. 9c per pound; trout. 10c yer
pound; blueflsh. ic per pound; ponipano.
20c per pound. mackerel. 15c per
pound: mixed fish. 6c per pound: black
bass. 10c per pound, mullet, $llOO per
barrel.
HARDWARE.
PLOWSTOCKS- Halman, 95c; Fergu
son. $1.05.
AXLES—S4.7SO7 per dozen, base. „
SHOT—S 225 per sack
SHOES Horse. $4 5004 75 per keg
LEAD--Bar, 7‘A<: per pound,
NAILS Wl.-e. $2 65; base.
IRON —Pei pound. 3c bas»: Swede
Going Abroad?
YOU WILL SAVE TIME, AVOID
delays, have your money always •
• safe, and. practically, enjoy ihe many
benefits of having a bank account in
everv eonntrv in which yon may travel,
if you carry with you a Letter of ('redit
or Travelers’ Cheque. It will enable yon
to know exactlv the relative worth of
your monev in foreign countries, and
enable von to keep an aecnrate account
of your expenditures.
And yel the cost is vors small. A.
mere nothing compared with the iiinu
nierable benefits they afford.
We will be glad io have you ((line in
and talk the matter over with us.
Atlanta National Bank
The Oldest National Bank
in the Cotton States
CEREAL PRICES
CLOSE HE LOSS
Wheat L 4 to 5-8 c Off, Except
on December—Corn and
Oats Off Fractions.
-
ST. LOUIS CASH QUOTATIONS.
Wheat No. 2 red ...120
Corn 82
Oats 53%
(’HI('AG(>. Ma.'* 29 Cooler weather In
Kansas overbalanced the higher cables
and wheat prices were % tn %c lower
this morning, with the trade more bear
ish. Reports from Kanass, especially
that from the Finley. Barrell &■’ Cd., crop
experts, were as unfavorable as several
previous days. . ■
May enrn was sharply higher -under
covering by shnrts. and the more de
ferred months were only the smallest
fraction better
<»ats were unchanged tn a shade lower
Provisions were a trifle Ijywer with
hngs
\Vhilp nearly all the news today was
bullish the market failed tn respond and
final prices were %e lower on May. % to
%<■ on .Ini' ami % tn %c on September.
There was fair buying earl'- on bullish
reports from crop exports, but th*=> samp
parties sold later because of failure of
the market to respond
< ’orn closed with prices off % to ’ 2 c.
The market was strong early dn cover
ing by shorts, hut reacted on heavy sell
ing
oats closed % tn %r lower. The WeaK«
ness in Max was a feature all- day. ;
, Provisions were tower, but recovered
[slightly from bottom prices
CHICAGO GRAIN MARKET.
Prey-
Open. Hlsrh. Low Close. Close,
WHEAT—
May 1.14 1.14 1 12% 1.13 1.13%
I JUl' 1.11% 1.11% 1 10>'n 1 . 10% 1 11 %
[Sept 1.06% 1.06% 1.06 I 06% 1.06%
i De< L 06% 1.06% 1 .06 ] 06% 1 06%
COItN-
Mav RO% Sl% RO % so% so%
July 75% 75% 75 75% 75%
Sept 72% 73% 72% 72% -73%
I »Pc h.l (. h?,!.. 63. 63' ■ ■ \6u%
OATS “ .. . :
May 54% 54% 53 53 55%
Jul' 50% . 50% 49%«- .50 50%
Sept. 32% 12% 42 12 42%
Dec 43% 43% 43 43 42%
PORK-
M> 18.40 1R to m. 40 ix 40 1¥ 45
Jlv 1R 47% 18.50 18.27% IS 50 18.55
Spt 18.50 18.50 18.40 18.50 18.55
i.ARD
M\ 10.52% 10.52% 10.42% 10.52% ]O 55
Jlx 10.57% 10.62% 10.57% 1.0.62% 10.60
Spt 10.80 10.82% 10 75 pi.So pi RO
RIBS -
M'- 10.10 10.10 10.10 m.io 10.25
11' 10.22% 10.25 10.20 10.22% 10.27%
Spt 10.37% 10.40 10.35 10.37% 10.42%
CHICAGO CASH QUOTATIONS.
(’HICAGO. Mav 29. Wheat N’n 2 red
$1.1301.14, No. 3 reil $1 11771-12
hard winter $1 1347 1.14. Nu. 3 hard W’fnter
<1.114/1 12%. No 1 NufthriTT spring $1 18
4/1.21, N’n. 2 Northern .spring- M• 16454.19.
N'o. 3 spring ?1.104i 1.18 •
(’orn No. 2 7947’80%. No. 2 white 80%
4/81. No. 3 yellow 794/ 81, No 3
No. 3 while 79%4/RO%, No. 3 7714'578. l 4 '578.
No. | 744/ 75%, No I white 774/ 78, No. 4
xel low 714/76
<>ats. No 2 white 54%4/55%. No. 3
while 534/ 54%. No. 4 white 52%4i54%,
stand ard 53 •% 4/ 55.
PRIMARY MOVEMENT.
WHEAT— I 1911 : 7 nsit ■
ReePipts I 334.600 I 841.000
■Ship))) prn s I 321,000 266,000
coRN-- I I
i Hecplpts 621.000 . 1.488,000
| Shipments 318,000 i 674,000
CHICAGO CAR LOTS.
Following arc receipts for Wednesday
and esi (mated rceeq>4-s for-Thursday; .*
! W e d n ’ day. [Th urada y.
Wheat - .’?J T‘ 9
(•orn- M - 224
oafs 'ns - - 98
Hogs _ 30.000 24,000
NEW YORK GROCERIES.
NEW YORK. May 2'.'. Coffpp barely
hi pad' . No. 7 Rio spot 14'. 0 I.4Rice
firm; domestic ordinary to prime 4 3 5 0
■>a» .Molasses steady; New Orleans open
kettle 350 45. Sugar, raw firm; entrffu
' gal 3.H85. muscovado 3.485. molasses sugar
:;.235, refined quiet: standard granulated
525 cot loaf 6, crushail 5.90, mold A
5 Op; cubes 5 10. powdered 5.30, diamond
) 5 20, confectioners A 5.05, No 1 '5.05.
I No 2 5, No 3 4.95, No. 4'l 90
I Cheese stead': whole milk specials 14'j
bld whole milk fancy 14011%. skims spe
olals 110 11%, skims fine 9\o 10%, full
skims 70 7%.
COTTON SEED OIL.
Cotton seed o£ quotations:
I i Closlng
Snot . . 7 . . . ■" ' 6'.95&7;1)0
I,L. 6 820 6.92 6 7600.8“
j v 6.9206 98 6 1)206.“3
\ugust 7.1007.11 7.0657.08
September .... 7.110 7.16 7.10xf7.12
October "Mil:
N<»vcmbcr ... 6.Mm6.b;»
December . 6 600 665 6,61 06 62
Closed weak; saTes. 13.300 barrels.
MINING STOCKS.
BOSTON. Mai 29. Opening. Calumet
and \rlzona 76.' Shannon 15%. Shattuck
and Arizona 22. Calumet-Hgcla 496.- ■
19