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HIGH FINANCIERS GROW LESS HOLD An Excavation Among the Ruins of “Them Happy Days” Is Interesting. By B. C. FORBES. NEW YORK, May 31.—1 n their exca vations among the foundations of Ameri ca’s biggest fortunes governmental in vestigators have unearthed quite a few interesting specimens of high finance’s handiwork. Most of our $100,000,000 for tunes have come from corporate deals of one kind or another. The richest "killings'’ were made when mergers were all the rage, when our captains of in dustry corralled scattered plants and by methods known only to themselves —then, at least—transformed them into huge combinations. The financial feat's then performed were enough to make the fairies of fables hide their heads and wands. Done in darkness, it is only lately that details of these deeds are be coming known. • • • This w’eek the diggers into the finan cial achievement of a decade or more ago discovered a transaction that surely is unique in either American or European industrial history. Without as much as “by your leave,” an important company was cooly brought under the wing of the steel trust. There was no bargaining—no bargain, in fact. The steel trust bankers simply told its victim to consider itself sold and bought. The smoothness, the harmoniousness, the entire friendliness of the little proceeding was most captivat ing. The president of the company was decapitated so painlessly that he did not know an operation bad been performed. • ♦ • So bright a financial gem deserves a better setting than it received from most of the newspapers. Here is an account of the proceedings as set down by a trustworthy authority: That .1. P. Morgan & Co., in bring ing about the absorption of the Ameri can Bridge Company by the United States Steel Corporation, did not go through the formality of getting the stockholders’ consent, and even didn't bother the president of the bridge company with any negotiations, was the burden of the testimony elicited yesterday at the steel trust hearing from Percival Roberts, Jr., one of the defendants .in the government’s dis solution suil. The witness said that J. P. Morgan & Co. Issued a circular to the share holders of the American Bridge Com pany, saying that they would ex change stock of the steel corporation for that of the bridge company. “Do you mean to say,” asked Mr. Dickinson, "that there were no nego tiations preceding this proposal—no discussions about the basis of the ex change?” • "Absolutely none,” answered Mr. Roberts. “The bridge company took no corporate action W’hatever in the matter. I was its president at the time, and heard of no negotiations.” “Do you mean to say that the first knowledge you had of the desire of the steel corporation to exchange its securities for yours was through that • circular?” “No. 1 had had an interview with Robert Bacon, of J. P. Morgan & Co., and at that interview he told me that the United States Steel Corporation was proposing to exchange its stock for that of the American Bridge Com pany. Then be asked me if I would become a director of the corporation. I said 1 would. That was ail.” * * » Painless dentistry--what is it in com parison with that? * * • Other disclosures since the insurance, lid was raised have shown that certain capitalists did things in a most high handed fashion. If they could not find away leading to their ends, they made one, illegally, if need be. Simultaneously with the uncovering of the bridge-swal lowing feat, comes new proof of nefarious operations by the founder of the sugar trust, a concern now reformed. Certain, railroad exploits also come to mind, ex ploits that were perpetrated without pro test at the time- protests in those days, like injunctions against a notorious poli tician, didn't “go.” • • • Now, these things are here recounted, not in a muckraking spirit, but mainly in order that a contrast may be drawn between conditions then and now. Would such doings be tolerated today? Would financiers dare act so cavalierly? Would heads of corporations dream of thus arbi trarily treating stockholders? Consider the procedure attending the steel trust's assimilation of the American Bridge Com pany and its absorption of the Tennessee Coal and Iron Company. The former was done as already described: the latter was not attempted without the sanction of the preside! t of the United States. Have we not traveled a goodly distance since capitalists played fast and loose with companies they coveted? Admittedly crimes are still committed by men in hign places. Too many law yers are still engaged to facilitate the evasion of laws instead of to show how to comply with them. Efforts are still made to tamper with legislation. Fla grant instances of unfairness toward competitors and occasionally toward em ployees are still coming to the surface and no doubt will continue to come, for human nature has not been transformed, into lily whiteness. But is it not some thing to reflect that at least some prog ress has been made in making Big Busi ness amenable to law, to decency and to humanity? ASKS DISMISSAL OF WARRANT. T. B Lumpkin today asked for the dismissal of the warrant against Louis Weinberg in Justice .1. B. Ridley's court. Lumpkin had accused Weinberg of mis appropriating clothing delivered to him. Lumpkin said that further investigation show’s Weinberg without fault and free from any criminality in the matter. ESTABLISHED 1861 The Lowry National Bank OF ATLANTA, GA. CAPITAL - 5i,000,000 SURPLUS - 1,000.000 Designated Depository of the United States, County of Fulton, City of Atlanta. INTEREST PAID ON SAVINGS. WOMEN TO HELP BMPIIIKS Cochran Plans for Visiting Board, as Club Federation Asks City Improvements. The Atlanta City Federation of Wo men's clubs presented to the council today the set of resolutions it has pass ed with the object of beautifying the city by law, and of furnishing Atlanta children recreation parks second to none in the country. The resolutions take the form of a petition calling up the council to pass many new ordinances in older to bring about the Improvements without de lay. Simultaneously President J. O. Cochran will introduce a resolution at the next meeting of the park board creating a board of lady visitors to the city parks and playgrounds. His plan is to further the influence of Atlanta women in the improvement of paiks and playgrounds. The double action means that hereafter the women will almost surely become more prominent factors in that part of the city govern ment than in any other “unequal suf frage” municipality in the country. Call For New Playground. In their resolutions sent to the coun cil today the Federation of Women's clubs asked that the council authorize the park board to sod and otherwise equip vacant lots throughout the city for use as playgrounds by the chil dren of the neighborhoods who are now forced to romp in the streets. The petition points out that the city would gain much by this plan because, unless the property owners allow the use of these otherwise unsightly, unim proved spots, council itself must soon buy land for playgrounds for the lit tle ones. When the owner becomes ready to improve the property for his own use, they add, the city can easily remove the swings and other equip ment to some other playground. Want Crematory at Once. The resolutions also urge council to lose no time in the installation of a crematory for the disposal of the city’s garbage and call upon the body, fur ther. to enforce the law’ against ex pectoration in the streets. Declaring that the beauty of the city is greatly marred by the lack of a restrictive building line, so that vis itors criticise causticallj’ the un sightliness of the streets the federa tion asks the passage of an ordinance regulating the building line throughout Atlanta. Want Sanitary Fountains. To suppress the “mosquito nuisance” the resolutions request council to have oil poured upon every lake and pond in the city and they call for an ordi nance that will prohibit the hitching of horses near shade trees. Sanitary drinking fountains are urg ed for the convenience of strangers at the various railroad stations. The resolutions, signed by Mrs. Fred L. Seely, Mrs. William L. Percy and Mis Janies Jackson, as the officials of Hie federation, were transmitted not only to council directly, but to the park board and the chamber of commerce. WAITERS’ STRIKE HITS N. E. HARR NEW YORK, May 31. —Hotel men who expected to crush easily the wai ters strike in this city admitted today their employees had gained the upper hand and appealed to the police for protection of their hostelries. The situation has become much more serious during the last 24 hours and the strike leaders, encouraged by their success here, asserted that they would make the walkout'country w ide. This, it is declared, embodied a threat that a strike would be called in Chicago during the Republican convention and in Baltimore while the Democrats are meeting there. Hundreds of cooks hav“ struck in sympathy with the waiters Over 2.000 employees are now out. Hotel managers are making frenzied efforts to get strike-breakers and 225 negroes already have been imported from the South, coming from Hot Springs, Va„ and Palm Beach Fla. Bell boys and porters have been press ed into service and all of the affect’ d hotels are maintaining a dining room service, though badly crippled. The strike was in full swing today at ten of the most luxurious hotels of the city. The number of men out were: Hotel Astor. 350: Plaza, 200; St. Regis, 150; Gotham, 150; Belmont, 125: Bres lin. 75; Waldorf-Astoria. 350; Knick erbocker. 225; Imperial, 225; Prince George, 250. Walters and cooks were out also at Rector’s, Louis Martip’s and the Elks club. Edward Rlochlinger. financial secre tary of the International Hotel Work ers union, today threatened to call out all the waiters in the cheaper restau rants as well. “We are fighting the hotel men to the last ditch and we are going to win if we call out every waiter in the country.” THE ATLANTA GEORGIAN AND NEWS: i NEWS AND GOSSIP, Os the Fleecy Staple (From Hayward & Clark.) NEW YORK. May 31.—Carpenter, Bag got & Co.: The market was very quiet and absolutely featureless at the open- I ing. Dallas. Tex., wires: “Texas. San An- | tonio and Panhandle cloudy; balance clear [ and pleasant. Oklahoma, generally clear ( and cool.” The Journal of Commerce says condi- i tions during the past month have been unfavorable in Arkansas and Tennessee. , The season is very late, with considerable replanting necessary. Excessive rains I and cold weather very harmful. Stands '■ generally poor and soil poorly prepared. I In Arkansas estimates of percentage con dition run rather low, but the weather | has been fine the past two weeks, and a I number of sections report wonderful im provement. In Tennessee recent favora ble weather has greatly improved pros pects, but many localities report low per centage condition. The majority of acre age reductions range from 5 to 10 per cent. NEW ORLEANS, May 31. —Hayw’ard & i Clark: The weather map shows perfect conditions. Cloudy In west Texas and Oklahoma: partly cloud)’ to cloudy in Texas; fair rest of belt. No excessive temperature anywhere; no rain. Indica tions are for cloudy, unsettled weather in northwest Texas and Oklahoma; in creasing cloudiness in east Texas and central belt; fair in the Atlantic®. “We have never seen the crop looking better at this season of the year, and the fields are clean. We had a nice rain last night, which was brought on by tem peratures of yesterday, but we want to say that high temßhatures at this sea son of the year is beffeficlal to the plant.” Norden & Co. make condition 78, with 7 per cent decrease in acreage. The New Orleans Times-Democrat: New York was in holiday yesterday. 1 Liverpool will be closed today and tomor- ; row. New Orleans will observe Confed- . erate Decoration day Monday. Tuesday the agricultural department will issue its cotton crop condition report. Under the circumstances, the volume of contract trading has shrunk almost to an irreduci ble level. Locally the May position showed no strength. It was traded in at the opening at a decline of 14 points under Wednesday’s close, whereas July opened unchanged. Liverpool reflected more con fidence in the future of the market than low price men on this side expected. The weather continues good, and the trade is more inclined than ever to look for a relatively high condition figure on Tuesday next. Nobody expects the gov ernment bulletin to show as high a con dition as last year or as low a condition as appeared probable several weeks ago. As yet,opinion has not crystallized, though the figure 80 is heard mentioned most often. | THE WEATHER | CONDITIONS. WASHINGTON, May 31—The weather will be fair tonight and Saturday over the 1 eastern portion of the country, except in the northern and western upper lake re gion. where showers are probable late to night or on Saturday. It will be warmer tonight in the Ohio valley and .lower lake region and warmer Saturday in the Interior of New England and the middle Atlantic states. GENERAL FORECAST. Virginia—Fair tonight; Saturday fair; warmer in the northern portion. North Carolina. South Carolina and Georgia—Fair tonight and Saturday. Florida—Fair, except showers near the east coast tonight or Saturday. Alabama and Mississippi—Generally fair tonight and Saturday. DAILY WEATHER REPORT. Atlanta, May 31.—Lowest temperature, 70; highest temperature, 80; mean tem perature, 75; normal temperature. 73: rainfall in past 24 hours; none; excess since first of month, 1.28 inches; excess since January 1, 9.27 inches. REPORTS FROM VARIOUS STATIONS. Stations— I Weath. ITemperature'R’fall I .7 Max. I 24 | a. m. y’day. Ihours. Augusta (Clear 74 Atlanta ...... Clear 70 80 .... Atlantic City.lClear 60 74 .... Anniston (Clear 68 Boston (Cloudy 54 56 .14 Buffalo (Clear 52 56 .01 Charleston ...(Cloudy 78 88 .... Chicago (Clear 62 60 .... Denver (Raining 44 86 .18 Des Moines...(Pt. cldy. 64 80 .... Duluth (Cloudy 52 52 .... Eastport Raining 50 48 .44 Galveston ....(Clear 80 84 .44 Helena ...... (Cloudy 48 60 Houston (Pt. cldy. 78 . • ■■■■ Huron (Cloudy 58 84 .... Jacksonville .(Clear 78 86 .02 Kansas City.. (Pt. cldy. 66 80 .... Knoxville ....Clear 66 78 .... Louisville ....[Clear 64 ( Macon [Clear 74 ! .... Memphis Clear 62 ! 76 .... Meridian Clear 68 [ Mobile [Clear 76 90 Miami [Pt. cldy. 84 . 88 .... Montgomery’ .(Clear 72 ( 90 .... Moorhead ...Raining 56 80 .02 New Orleans. [Clear 80 ; 90 .. . New York.... I’t. cldy. 54 ( 76 .06 North T’latte. Cloudy 56 i 88 .... Oklahoma ...Cloudy . 62 86 .... Palestine .... (Clear 1 70. | 86 .... Pittsburg ....(Clear 54 1 66 .... P’land., Oreg. Pt. cldy. 48 f 66 .... San Francisco|Clear ( 58 1 74 .... St. Louis (Clear I 62 j iO .... St. Paul. (Clear gh 62 ■ <0 .... S. Lake City.lClear ”1 34 56 .... Savannah .... (Pt-cldy.' 78 . .. .... Washington ..iClear 64 l_Bo , ■. —_ cTF. VON HERRMANN, Section Director. 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 <S'6 50 good steers, 800 to 1,000, 5.50@6.00; medium to good steers, 700 to 850. 5.0040 5.50; good to choice beef cows, 800 to 900. 4 50405.00; medium to good beef cows. 700 to 800, 4.25@4.75; good to choice heifers. 750 to 850, 4.25@5.25; medium to good heifers, 650 to 750, 4.00@4.75. . 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 800. 4.00® 4.25: mixed common bunches to fair. 600 to 800, 2.75@3.50; good butch er bulls. 3.2504.00 Prime hogs. 100 to 200 average. 7.250 775 c; good butcher hogs, 140 to 160. 7.25® 7.50; good butcher pigs, 100 to 140. 7.000 7.25: light pig*. 80 to_100 ; 6.0006.25; heavy rough hogs. 200 to 250, 6. i5@7.25. Above quotations apply to corn-fed hogs. Mast and peanut fattened hogs, 1® l%c and under. NEW YORK PRODUCE MARKET. NEW YORK. May 31.—Wheat steady; July, $1.1501.15%; spot. No. 2 red. $1.23 in elevator; $1.23 f. o. b. Corn steady; No. 2, in elevator, nominal; export No. 2, 83% f. o. b.; steamer, nominal; No. 4, nominal. Oats quiet; natural white, 61% 062%; white clipped. 63 065%. Rye quiet; No. 2, nominal, f o. b. New York. Bar ley’ firm; malting. $1.1601.28 c. i. f. Buf falo. Hay steady: good to prime. $1.25® 1.65; poor to fair. $1.25® 1.45. Flour quiet; spring patents. $5 5006.00; straights. $5.00 (a 5.50; clears. $4.8505.10; winter patents, 8(5.90® 6.10; straights, $5.35® 5.60; clears. $4.75 0 5.00. Beef firm; family. $18.00018.50 Pork I firm: mess. $20.25020.75; family, $20.25® 21.25. Lard easy; city steam, 10® 10%: middle West spot, 10.80® 10.85. Tallow steady; city, in hogsheads, 6 ibid); coun try, in tierces, 5’4,06%. NEW YORK GROCERIES. NEW YORK. May 31. -Coffee quiet; No. 7 Rio spot 14%®14'i. Rice firm; domestic ordinary to prime 4%05%. Mo lasses quiet; New Orleans open kettle 35 4145. Sugar, raw firm; centrifugal 3.985, muscovado 3 485. molasses sugar 3.235. refined active; standard granulated 5.25, cut loaf 6, crushed 5.90, mold A 5.60. ‘■itbes 5.45, ptfwdered 5 30. diamond A 5.20. Cheese easier; whole milk specials 14% I bld. whole milk fancy 14 hid, skims spe- I rials 11®I1%, line 9%® 10%. full • skirns 7® 7%. LIGHT TRUDE IN COTTON MARKET Prices Rule Lower on Reports of Good Weather and Crop Condition. I NEW YORK. May 31—Cotton had a narrow opening today, although the un dertone of the market was steady. First prices were 1 to 3 points higher. Clear weather was reported over the Southern belt. The Liverpool market was closed. Trade was small with little feature to the market. A small decline was noted I at 2 o'clock in some positions, some were I unchanged and March was 34 points above the previous close. The visible suply of American cotton decreased during the week 139.215 bales, against a decrease of 124,362 last year ano a decrease of 125,955 the year before. Other kinds decreased this week 25.000, against a decrease of 8,000 last year and a decrease of 12,000 the year before. The total visible supply decreased 164.215. against a decrease last year of 132,362 last year and a decrease of 137.955 the year before. At the close the market was quiet at declines of 2 to 8 points from Thursday’s final quotations. _World's visible supply: I American 13,025,774 1,810,217 1,839.453 ; Other kinds 1,143,000 1,175.000 1,154.000 . Total all kinds.. 4,168,774 2,985,217'2,993,453 World's spinners’ takings: ( 1912. [ 1911. 1910. For the week' 195?000( 177’000 207?000 Since Sept, 1,(12.821.000110,481,000: 9,571,000 Over Movement into sight: ' 1912. | 1911. I 1910. Ovland, week! 12,833 3,700' 1,991 Since Sept. I,! 939,932 899,243! 753,199 Into s’gt. wk. 56.088’ 52,495 81.483 Into s’gt. mo. 333,117! 277.245 343,791 So, cons’mp..! 27,000! 27,000! 30,000 RANGE IN NEW YORK rUTURES 2 “ j 3-5 j £0 O XUaJCC U £ C May 111.07 11.07110.95'11.98' ;omlna~U.o2-04 June 10.86 10.86 10.86 10.86(10.86-90 10 94-96 July t1.05i11.08 10.98,11 00'11.00-01 11'04-05 Aug. 11.11(11.11 11.04(11.07 11.05-07 11.09-10 Sept. 11.13 11.13 11.10(11.13) 11.10-12 11.12-13 Oct. 11.21:11.24 11.15 11.16(11.16-17 11.19-20 Nov 111.19-21 11.23-25 Dec. 11 32 11.33 11.24 11.2541.25-26 11.29-30 Jan. 11.27(11.29 11.20 11.22 11.21-28 11.25-26 Feb | 11.25-27111.29-30 Meh. 11.37(11.39111.31 11.31 [11.31-33(11.35-36 Closed quiet. I HAYWARD & CLARK’S DAILY COTTON LETTER NEW ORLEANS, May 31.-The Journal of Commerce gives an unfavorable report on Arkansas and Tennessee. The word ing of the report clearly shows the pes simism which existed during the wet spell. The reports wind up by saying that there has been a great Improve ment during the recent good weather. Liverpool Is closed today and tomor row. The weather map continues to show perfect conditions. No excessive temper atures anywhere. Cloudy in west Texas and Oklahoma; partly cloudy in east Tex as; fair in the rest of the belt. No rain. Prospects are for cloudy and cooler weather, probably’ unsettled, with show ers in the northwestern quarter, increas ing cloudiness in east Texas and central states, and fair In the Atlantics. Norden & Co. make condition 78, with a decrease in acreage of 7 per cent. Our market opened about unchanged, and held well aijound these prices, with trading small. Anticipation of a low bu reau condition publication on Tuesday next is the cause of the steadiness in face of the good weather and still better prospects. The unfavorable reports of The Journal of Commerce show that the first condi tion reports were made during a period of general pessimism, and the trade looks for a bureau around 75. some fear ing that it may be as low as around 70. We compare with 87.8 last year, 79.7 in 1908 and a ten-year average of 81.5. RAN GE IN NEW ORLEANS FUTURES. i M O t ? c 2 2 6 £5 May~iri.59111.591iT.59-11.591 nom fiTaiilL6o June i ) (11.58-60 11.61 July 11.65'11.66 11.58111.61 11.60-61(11.63-65 Aug. | 111.49-50(11.52-53 Sept !..... 1.....111.35-37111.42 Oct. 11.37(11.37 11.29 11.3141.30-31 11.35-36 Nov. ! | !11.31-33 11.36-38 Dec. 41.38(11.38 11.30111.32111.32-34(11.37-38 Jan. 11.36 11.38(11.36(11.38) 11.36-37(11.42-43 Feb. I I i i (11.38-40 11.42-44 Meh. | [....,1 ! [11.44-49111.46-48 Closed steady. SPOT COTTON MARKET. Atlanta, steady; middling 11%. New York, quiet; middling 11.50. New Orleans, steady; middling 11 9-16. Liverpool; holiday. Savannah, steady; middling 11%. Augusta, quiet; middling 12c. Mobile, steady; middling 11%. Galveston, quiet; middling 11 9-16. Norfolk; holiday’. Wilmington, nominal; midling 11%. Little Rock, quiet; middling 11%. Charleston, nominal; middling 11%. Louisville, firm; middling 11%. Philadelphia, quiet; middling 11.50. Boston, quiet; middling lie. Baltimore, nominal; middling 11%. Memphis, steady: middling 12c St. Louis, quiet; middling 11%. Houston, steady; middling 11%. INTERIOR MOVEMENT. I 1912. | ~l9ii. Houston 303 | iOS? Augusta. ...... 225 I 76 Memphis 908 ! 263 St. Louis 497 i 285 Cincinnati 631 ( 46 Little Rock .... | 77 Total 2,564 ( 856 COTTON MARKET OPINIONS. Hayden. Stone & Co.: The short looks to have the best of it. .J. S. Baehe & Co.: Advise the purchase of the distant positions on account of the usual crop scares to follow Ixigan & Bryan: Market is a small trading affair. COTTON SEED OIL. NEW YORK, May 31.—Carpenter, Bag got <S- Co.: The market opened weaker on lack of demand from refiners, who are well supplied, and bearish crop and weather news from the belt. Cotton seed ofl quotations: I Opening. 1 Closing Spot I 6.70&6.90 June ! 6.71®6.85 ( 6.72®6.78 July ! 6.83® 6.84 ( 6.82® 6.84 August 6.94® 6.98 6.92® 6.94 September .... 6.98®7.00 6.99®7.00 October 6.94®6.95 6.94®6.96 November .... 6.50®6.54 6.52®6.65 December ... 6.44®6.45 6 41®6.44 Closed weak; sales 21,900 barrels. NEW YORK COFFEE MARKET. Coffee quotations: Opening^J_ Closing~ January 43 56® 13.60[ 13.54® 13.56 February 13.50® 13.60 13.62&13.53 March 'l3 57®. 13.59 13 56® 18 57 April 4 3.58® 13.60.13.56® 13.57 Mav !13.58@13.60( .. . . Junel 13-25 13.27® 13 28 July 13.30® 13.50 13 31® 13 32 August 13.40® 13.50 13.40.® 13 41 September 13.54 13.49® 13.60 October 13.54® 13.60 13.52® 13.54 November 13.55® 13.60 13 52® 13.54 December. , .13.55 13 62® 13.54 Closed steady. Sales, 27,000 bags. IKIDAY, MAY 31. 1912. STDGKSBiII | AFTER ADVANCE Weakness of Rock Island Has Disturbing Influence on the Entire List. By CHARLES W. STORM. NEW YORK. May 31.--Accumulated orders over Thursday's holiday resulted in a display of strength at the opening of the stock market today. Many stocks sold ex-dividend because of the closing of the books tomorrow One of the strongest <vf these was Union Pacific, which sold ex-quarterly’ dividend of 2% per cent. This Issue opened at 169% for a net gain of %. Canadian Pacific was also strong on London and New York buying This stock also sold ex-dividend, the dividend amounting to 2%. Canadian Pacific opened at 267%, against last night’s close of 267%. With the dividend figured in the opening gain amounted to 2%. The hard coal stocks reflected aggress ive buying. Lehigh Valley advancing 1% to 175%, while Reading moved up % to 17t%. A number of other stocks made substantial fractional gains. After fif teen minutes of trading, however, a sell ing movement developed, which carried off some of the advances United States Steel common sold ex dividend. the amount of dividend being 1%. This stock opened at 69%. against Wednesday's closing of 69%. Other gains were: Amalgamated Copper %, Smelting 1%, Erie %. The curb was steady. Americans in London were subject to a waiting and colorless market. Canadian Pacific in London made a good showing, but at the close shaded beneath the best price range. Pronounced weakness was shown in a number of the important issues in the late forenoon. The weakness in Rock Is land issues had a disturbing effect all through the list. The common declined % and the preferred dropped more than 2 points. Heavy selling in American Can resulted in a decline of 2%. Lehigh Val ley was weak, declining 2%. Midday dullness was followed in the late afternoon by a selling movement on which a number of railroad and indus trial stocks lost a point or more. Some stocks sold at the lowest range they had reached In several months. American Can common continued extremely weak, sell ing down to 34%, but recovered part of the loss on moderate buying Reading. Union Pacific and United States Steel common yielded around a point. Stock quotations: _ [Last 1 Clis |Pre» STOCKS- High Low ISale I Bid . ICl’ss Amal. Copper. 83 *’ 81%i 81%| 81%( 82% Am. Ice Sec.. 27% 26%l 26% 24%! 27% Am. Sug Ref. 128 127 127 !125%430 Am. Smelting 84% 81% 81%’ 81% 85 Am. Locomo... 41% 41%' 41%! 41 41% Am. Car Fdy.. 68% 58 58 ! 57%l 58% Am. Cot. Oil . 53% 53%| 53%| 53%l 54 Am. Woolen .... 28 j 27% Anaconda .... 42% 42 42 '42 I 42% Atchison 106 105%405%|105% 105% A. C. L 139% 139%:139%>138% 139 Am. Can 38%| 35%' 35%l 34% 38% do, pref. ..116%|116 |ll6 (115% 116% Am. Beet Sug. 71%( 68% 68% 68%' 71% Am. T. and T. 145% 145% 145% 145%|145% Am. Agricul. .( ....( .... ....I 60%i 61 Beth. Steel ..( 36 (36 '36 (36 ( 37% B. and D 408% 108%'108%' 107% 408 Can. Pacific ..1268%|264%(264% 265%'267% Corn Products ! 16 15%i 15%( 15 j 15% Ce and O !79 77% 77% 76% 78% Consol. Gas .. 141% 139% 140% 139%[141% Cen. leather I 25 24% ! 24%! 24%| 27 Colo. F. and I.( 27% 27%l 27%l 27% 37% Colo. South...! ....( ....I ...J 38 I 40% D. and H I ] ... . |166%1168 Den. and R. G.l ! ....( 18%; 19% Distil. Secur. .1 32 3t%| 31% 31 I 32% Erie 34% 34%: 34% 34%! 34% do, pref. .. 52% 51% 51% 50% 1 62% Gen. Electric . 169 168 1168 1167 (170% Goldfield Cons. 4% 4%l 4%( 4%( 4% G. Western . 17% 17%! 17% 17 I 17% G. North., pfd.i133%i132%(132%J132%'132 G. North. Ore. ) 42 [42 (42 I 41%: 42% Int. Harvester | ....I . ...j .... 117%!119% 111. Central .. . 425% 125% 125%.125% 126% Interboro 20A»' 19%l 19%l 1 9 20% do, pref. ..I 59% 57% 57% 56 58% lowa Central ! ' ... | 12 12 K. C. South. . ....I 23% 23% K. and T 127 26%! 26%l 26 26% do, pref. .. I ! . ...! 58 59 1,. Valley. . '176% 172 172 (170% 174% L. and N.. . .(157% 156%1156%'156 157 Mo. Pacific ..! 37 36’41 35%l 35% 36% N. Y. Central'llß% H7%1117%[117>i 118 g Northwest. . . 138% 138 (138%‘ 137%i 138 Nat. Lead. . . 57%| 57%l 57% 57%! 57% N. and W.. . .(110% 110%|110%(110 [ll2 No. Pacific . .'120%1l 18%'118%'118% 420 O. and W.. . . ( .... ....( ....' 36% i 37 Penn [123%|123%1123%1123%1128% Pacific Mail .( ....! ....! ...J 32%) 33% P. Gas Go.. . .1114 1112% 112%112 1113% P. Steel Car. .' ..... ... .1 ... .1 33% 34® Reading. . . . 1171 %U 65 1166% 165% 170% Rock Island. .1 25 ( 22%l 23 23%( 24% do. pfd.. . J 51% 49 . 49% 49 j 51% R. I. and Steel' 23%' 22 ! 22 I 21%' 23 do. pfd.. . .I ....I ....( ....• 76%' 78 S. -Sheffield. .(....I ....(....' 48 | 49 So. Pacific . .!109%1108%[108%. 108% 111% So. Railway. .1 28% 27% 27%| 27%l 28% do. pfd.. . .! 74%l 74% 74%l 73%| 74 St. Paul . . .1105% 104% 104%'104 105% Tenn. Copper .1 45%! 41% 41%! 41-%' 44% Texas Pacific I .... I 22%| 23 Third Avenue !38 1 38 38 I .37 ' 38% Union Pacific 169%466% 166%(166%!171 % U. S. Rubber . 63%' 62% 62% 62 | 63% Utah Copepr . 62%| 61%( 62 61 % I 62% U. S. Steel. J 69%l 66%l 6«%! 66%( 69% do. pfd . . .410% UO% 110% 110 410% V. Chem. J .... ...I ....I 50% i 51% West. Union . 82%: »2%! 82% 82 I 82% Wabash. . . . I 7 % 7 % 7%' 7% I 7 % do. pfd.. . .' 18’41 18 18’4' 1 -7%l 18% West. Electric I I 71 ! 72% Wis. Central .! .... .... ....( 51% I 51% W. Maryland. 58%! 58%1 58%1 58 58% ~Total sales. 6i4,900 shares. Following stocks are quoted ex-divi dend today: American Sugar. 1% per cent: American Smelting, 1 per cent. Canadian Pacific, 2% per cent; General Electric, 2 per cent; Southern Pacific, 1% per cent; Union Pacific, 2% per cent. United States Steel. 1% per cent; Norfolk and Western. 1% per cent. MINING STOCKS. BOSTON. May 31 Opening: Smelters preferred. 48%; Calumet and Arizona. 75%; Copper Range, 58%; Shannon, 15; Lake Copper. 39. local STOCKS and bonds. Bld. Ask»-a Atlanta * West Point R R... 14» 145 American National Rank . *•« »ti Atlantic Coal & Ice common. 101 102 Atlantic Coal * Ice pref..... 93 91 Atlanta Brewing & Ice C 0... 175 Atlanta National Bank .. 325 Central Bank * Trust Corp 150 Exposition Cotton Mills !8» jfjr, Fourth National Bank 245 250 Fulton National Bank ’25 130 Ga Ry- * Elec, stamped.... 124 126 Ga Ry * Pow Co., common 28 si do. Ist pfd 80 85 do. 2d pfd 42 44 Hillver Trust Company 125 Lowry National Bank 248 250 Realty Trust Company 108 110 Sixth Ward Bank 99% joj Southern Ice common 71 72% Third National Bank, new.. 205 210 Trust Co. of Ge0rgia......... 225 235 Travelers Bank * Trust Co.. Izs 125 lra BONDS. Atlanta Gas Light Ist 55.... 101% 105 Georgia State 4%5. 1?15 .... 101 101 Georgia Midland Ist 3s g> 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 Beil 5s 9t»«•% Why not begin today and take ad vantage of the numberless opportuni ties that daily appear In the Want Ad columns of The Georgian? Bargains gaiore are there, that mean a big sav ing to you. Answer quickly any ads you may see that offer you things at bargain prices. Remember that all At lanta is watching these pages, and the first one to answer gets the goods. ATLANTA MARKETS EGGS—Fresh country candled. 17® 18c. BUTTER—Jersey and creamery, tn Ilk. blocks, 20%@35c; fresh country dull, 10 ®l2%c per pound. DRESSED POULTRY—Drawn, bead anfl feet on, per pound. Hens. 16®17c; fries, 25®27c. Roosters, B®loc. Turkey*, ow- ' ing to fatness. IS®2oc. LIVE POULTRY—Hens. 40®45c; roost ers. 25®>35c; fries, 30®50c: broilers. 25® 30c; puddle ducks, 35®40c; Pekin ducks, 40®45c; gaese, 50®60c each; turkeys, ow ing to fatness. 17®18c. FRUITS AND PRODUCE. FRUIT AND VEGETABLES—Lemons fancy, $4.00® 4.50 per box. Florida eranges. $3.00® 3.50 per Pox. Bananas, 3®3% per pound. Grape fruit. $5.00® 6.00 per crate. Cabbage, l%@2c per pound. Florida cabbage, s2® 2.50 per crate. Pea nuts, per pound, fanev Virginia. 6%®lc; choice. 5%®6c. Beans. round green »1.75® 2.00 per crate. Florida celery, $2.00® 2.50 per crate. Squash, yellow, per six-basket crates. $1.50®2.00 Lettuce, fancy, $1.25®1 50: choice. $1.25@1.50 pet crate. Beets. $3.00®3.50 per barrel. Cu cumbers. 75®$I 00' per crate. English peas, per drum, $1 00®1.25. New Irish po tatoes. per barrel. $4.50@5.00 per barrel. Strawberries, s@6c per quart. Egg plants, $2 50®3 00 per crate. Pep iter, $1.75®2.00 per crate. Tomatoes, fancy. six-basket crates, $2.50®3.00; choice tomatoes, $1.75®2.00. Pineapples, $2.50®3.00 per crate. Onions, $2.00@2.56 ■ per bushel. Sweet potatoes, p. yam, $1.50 @1.75 per bushel Cranberries. slloo® 12.0 j) per barrel: &0c per gallon. PROVISION MARKET. (Corrected by White Provision Ce.) Cornfield hams, 10 to 12 lbs. average. 16 %c. Co-nfield hams. 12 to 14 lbs. average 16%c. Cornfield skinned hams, 16 to II lb»„ 17%c. Cornfield picnic hams. 6 ti » lbs. aver- I 12%c. Cornfield breakfast bacon. 23c. Grocer style bacon (wide or narrow). 17%c. Cornfield fresh pork sausage (link or bulk), 25-lb. buckets, 12c. Cornfield frankfurters, 10-lb. buckets, age. 10c Cornfield bologna sausage, 25-th. boxes, 9c. Cornfield luncheon hams. 25-lb. boxes. 11c. Cornfield spiced jellied meats in 10-lb. dinner nails, 10c. Cornfield smoked link sausage. 25-lb. boxes. 9c. Cornfield smoked link sausage In pickle, 60-Ib. cans, $4.25. Cornfield frankfurters In pickle. 16-lb. kits. sl.ao Cornfield pickled nigs feet. 15-lb. kits, SI.OO, Cornfield pure lard (tierce basis), 12%c. Country style cure lard. 50-lb. tins only, 12c. Compound lard (tierce basis), 10c. D. S. extra ribs, ll%c. D. S. rib bellies. medium average. 12%c. D. S. rib bellies, light average, 12%c. FLOUR AND GRAIN. FLOUR Postell's Elegant, $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 natentl. $5 50; Tulip flour. $4.50: White ‘.'loud (highest patent), $5.75: Diadem (highest patent), $5.50. Farm Bell, $5.40; Paragon (highest patent). $6.00; White Lily (highest patent), $5.75; White Daisy, $5.75; Southern Star, $5.50, Sun Beam, $5.50; Ocean Spray (patent), $5 50. CORN—Tennessee—White. red cob, $1.08; No. 2, white, $1.07; cracked, $1.05; yellow, $1.05; mixed, $1.05. MEAL—Plain 144-ib. sacks. $1.01; 96-lb. 144-lb. sacks, $1.01; 96-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 MEAL—Harper, $29. COTTON SEED HULLS -Squars Back a 19,50 per ton. SEEDS (Sacked) —German millet I $1.65; cane seed, amber, $1.65; cane seed, | orange, $1 40: Wheat (Tennessee), bins stem, $1.40; rye (Georgia) $1 35; y.ppler 1 oats, Ssc; red rust proof oats, 72c; Burt 1 oats, 75c; Texas rust proof oats, 70c; wln ( ter grazing, 70c; Oklahoma rust proof, 60c: blue seed oats. 50c. HAY-Per hundredweight: Timothy, choice alrge bales, $1.90; Timothy, choice third bales, $1.60; Timothy No. I, small bales. $1.85; alfalfa hay, choice, $1.65; Tfmothv No. 2. $1.50: Timothy clover mixed. $1 45; clover hay, $1.50; alfalfa hay, choice, $1 50; alfalfa No. 1, $1.70; alfalfa No 2, $1.25; peavine hay, $1 20; shucks, 70c: wheat straw, 80c; Bermuda hay, SI.OO. GROCERIES. SUGAR—Per pound, sianoard granu lated, &%c; New York refined, 6%c; plan tation. 6c. COFFEE —Roasted (Arbuckle's), $24.25; AAAA, $14.50 In bulk; In bags and bar rels, $2.10; green. 19c. RICE —Head, 4%@6%c; fancy head, 6% @6%c. according to grade. LARD—Silver leaf, 12%c per pound Soco, 9%c per pound; Flake White, 9%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 crackers, 7%c; per pound; lemon crackers, fc; oyster. 7c; tomatoes (2 pounds), $2 case: 3 pounds, $2.75; navy beans. $3.10; Lima beans. 7%c; Shredded biscuit. $3.60; rolled oats, $4 per case, grits (bags). $2.20; pink salmon. $5.10 per case; pepper, 25c per pound; R. E. Lee salmon, $7.50; cocoa, 38c; roast beef, s3.so; syrup, 30c per gallon. Sterling ball potash, $3 30 per case: soap. $1.5004 per case, Rumford baking powder, $2 SO per case. HALT— One hundred pounds, 49c; salt brick (plain), per case. $2 26: salt brick medicated), per case, $4.85; salt, red rock, per cwt.. $1.00: salt white rock. 90c; 50- pound sacks, ?29c; 25-lb. sacks, 18c. FISH. FlSH—Bream and perch, 6c per pound; snapper, 9c per pound; trout, 10c per pound; bluefish, 7c per pound; pompano, 20c per pound; mackerel, 16c per pound: mixed fish. 6c per pound; black bass. 10c per pound; mullet, $ll.OO per barrel. feedstuff. SHORTS —Hallloay white, 100-tb. sack* $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. $1.70; 100-lb sacks, $1.65; Homcoline, $1.75; Germ meal Hom ed, $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-poimd sacks, $3.25; Purina scratch. dozen pound packages. $2.20; Purina pigeon feed, $2.35; Purina baby chick, $2.30: Pu rina chowder, dozen pound packages, $2.30; Purina Chowder, 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 15: Chicken Success baby chick. $2 10; wheat. 2-bushel bags, per bushel. $1.40; Rooster chicken feed, 50-lb. sacks. $1: oystershell. 80e. GROUND FEED—Purina feed, 175-io. sacks. $2 00; Purina molasses feed. $1.95; Monogram, 100-lb. sacks, $1.70; Victory horse fee<l. 100-lb. sacks, $1.90: Milko No. 1. mixed, $1.80; No. 2, $1.75; alfalfa alfalfa meal. $1.50. HARDWARE. PLOWSTOCKS—HaIman, 95c; Fergu >on. $1.05. AXLES—S 4 7507 per dozen, bass. SHOT —s2 25 per sack. SHOES—Horse. $4.50@4.75 per keg LEAD -Bar, 7%c per pound. NAILS-WL-e. $2.65, base. IRON—Per pound. 3c base: Swede »%«. BUTTER, POULTRY AND EGGS. NEW YORK. May 31. Dressed poultry quiet; turkeys 13® 22. chickens 17® 28, fowls 11 %® 15%, ducks 12®22. geese 14® 16. Live poultry steady: fowls 15%®16, turkeys 13 asked, roosters 10% asked, ducks 12 asked, geese 9 asked. Butter steady: creamery specials 26%0 27, creamery extras 260 26%, state dairy (tubs) e3®26%, process specials 26 bid. Eggs steady; nearby white fancy 23 bid, nearby brown fancy. 20%®21, extra firsts 220 22%, firsts 17%®19%. NAVAL STORES. SAVANNAH, May 31. Turpentine firm at 44%®44%. receipts, 989. Rosin firm, receipts 2.536; water white. $7 75; window glass, $7.60; N, $7.50: M. $7 40. K. $7.40. 1, $7.350 7,40; H. $7 30® 7 82%; G, $7 3007.60; F. $7 27%®7.40; E, $7; D, $7.65; C. B, A, $6.1006.30. SHORTS IN MAY GORNGETWILO Make Exciting Rush to Cover, Even After Bell Taps—The Wheat Market Is Tame. * ST, LOUIS CASH QUOTATIONS. 1 ~ Wheat-No. 2 red 119 @120% Corn 79%® 80 Oats 33 CHICAGO, May 31. —Wheat showed some strength at the opening and was about %c higher, which drew out liberal offerings, and a decline of % to l%c was soon in evidence. Threatening rains iii sections of Kansas, where most needed, a collapse of the May deal in Liverpool and increased offerings tn all the markets .. were the leading influences. Corn was %c lower to unchanged. Oats unchanged to %c lower. There was little excitement in any of ’ the pits during the morning and the like lihoiKi is that there will be an absence of v fireworks in any of the May grain fu tures. Provisions were slow and a shade easier, although hogs were 5c higher at = the yards. While May wheat closed tame and showed a loss of 2%c for the day, there was wild excitement in the May corn market, yet it sold between 78%c and 80%c, and closed %c lower at 80c. There ~ was a big trade In the May corn with shorts rushing around to cover even after the tap of the bell. July wheat closed nearly %c lower at sl.lO to $1.10%. and September was off about %c to $1.06. May oats weer off 2%c and July lost ... %c and September was %c lower. Provisions closed irregular. J; CHICAGO GRAIN MARKET. Ps-«v. ~ Open. High. Lew Close. Clom. WHEAT— May 1.12% 1.13% 1.10% 1.10% 1.13 •Fly 1.11% 1.11% 1.09% 1.10 1.10% . Spt. 1.06% 1.06% 1.05% 1.06 1.06% Dec. 1.06% 1.06% 1.06 1.06% 1.06% . =CORN— Mav 88% 80% 78% 80 80% July 75 75% 74% 74% 75% ■ Sept. 72% 73 72% 72% 72% - Dec. 63 63'i 62% 62% 68 OATS Mav 53 53% 50% 50% 58 July 49% 49% 49 49% 50 Sept. 42 42V, 41% 41% 42 Dec. 42% 43% 42% 42% 43 PORK — My 18.20 18.20 18.20 18.20 18.40 Jly 18 40 12.45 18.37% 18.40 18.50 Spt 18.45 18.50 18.40 18.45 18.50 LARD— ~ Mv 10.82% 10.82% 10.77% 10.77% 10.52% I Jly 10.65 10.65 10.65 10.65 10.62% j Spt 10.77% 10.85 10.75 10.85 10.80 . RIBS— My 10.12% 10.12% 10.12% 10.«% 10.10 Jlv 10.27% 10.27',2 10.25 10.27% 10.22% Spt 10.42% 10.42% 10.40 10.42% 10.37% CHICAGO CAR LOTS. Following are receipts for Friday and estimated receipts for Saturday: I Friday. Saturday. • Wheat J 10 20 Corn 252 445 Oats I 102 164 Hogs I 16,000 11.000 , ARGENTINE SHIPMENTS. This Last Last Week. Week. Year. Wheat . . . .3,296,000 3,792.000 3,752.000 Corn 3,758,000 4,063,000 LIVERPOOL GRAIN MARKET. Wheat opened l%d lower to %d higher; at 1:30 p. m was l%d lower to %d high er; closed unchanged to %d higher. Corn opened % to %d higher; at 1:30 p. m. was %d higher; closed 6, to %d higher. LIVE STOCK MARKET. CHICAGO, May 31—Hogs—Receipts, 16.000. Market strong to 5c higher; mixed and butchers, $7.05@7.55; good heavv, $7.4007.55; rough heavy, $7.05@ 7.35; light. $7.00@7.45; pigs, $5.00@6.75; bulk. $7.35@7.45. Cattle Receipts, 1.000. Market steady; beeves, $6.000 9.30; cows and heifers. $2.50 @8.00; Stockers and feeders, $8.00@8.90; Texans, $6.5008.25; calves. $7.5009.50. Sheep -Receipts. 7,000. Market steady; :. native and Western. $5.0006 60; lambs, $6.1009.00. / METAL MARKET. NEW YORK. May 31— The market was quiet today. Quotations: Copper, spot, 16.25 016.62%; - June. 16 25016.62%; July and August, 16 25016.62%. September. 16%®16%; lead. 4 20@4.25; spelter, 6.9007.00; tin, 44.00@ 44.75. t- R. R. COMMISSION TO DECIDE IF IT CAN ACT ? ON CREDITOR’S CLAIM The state railroad commission has . , been called upon to decide whether or ' not it has power to act as judge be tween creditor and debtor, when both creditor and debtor are corporations - j bonded under the commission's ap proval. The case, the first of its kind ever ap pealed to the commission, was brought by the American Bank Note Company and involves an old prtining debt of $7,000 said to have been contracted by tiie old North Georgia Electric Com pany, lately absorbed by the Georgia Power Company and later by the Geor gia Railway and Power Company. When the Blue Ridge Electric Com pany took over the North Georgia Elec tric Company the debt was assumed and later when bonds were approved _, by the railroad commission it was spe cifically stated that $7,000 in bonds were to be used to liquidate the debt. This arrangement followed down* through the various mergers. The American Bank Note Company maintained that the debt has not beer _. paid and has called upon the commis sion to enforce its payment on tht ground that the commission approved certain bonds for that specific purpose MOB SEEKS FARMER; DROVE INTO BAND IN MEMORIAL PARADE MASSILLON. OHIO, May 31.—Because of lynch threats, William Miller, a farmer, was heavily guarded when taken into court today to face the charge of driving his horse among the members of a brass band at Navarre, five miles from here, yesterday as they were marching to head the Memorial day parade, injuring sig,, men. one will likely die. A mob threat ened to lynch Miller when he was placed in jail. Miller was held for the grand jury on a charge of assault, MARIST RIFLES TO ENTERTAIN. The Marist Riflles. Company G. Na ( tlonal Guard of Georgia, will give a tnin | strel and military entertainment tonight lat Marist College hall, for the benefit lof the company fund. I 19