Newspaper Page Text
Real Estate For Sale.
$25 CASH. $5 MONTH.
SUTHERLAND.
THIS is a two-story house and basement
on a lot that is 50x200; faces ea?u and
has nice, large sleeping porch; eight large
rooms, hardwood floors and one of the
' best houses in this beautiful sec-
U j t) 'Vp can make terms on this that
" w ill makf it just as easy as paying rent.
| CHEROKEE AVENUE
'ELEVEN rooms on a- lot that is 50x200:
has big: barn and chicken houses, anti
is a bargain at $4,500.
AN IDEAL HOME.
THIS place is on the Marietta car line
and has every convenience you find
in 'own but gas. and just think of the
pleasure vou would have In living
where vou have all the advantages of
'he country, with all the advantages of
the 'it?. in i home that has hardwood
floors, 'wo keeping po: cites, two baths,
a two-room servants' house and a lot
that is a beauty, 270x500. If you want
a home that is a home, look al. this
plan®. Can sdil on terms, with a small
cash payment. House has five bed
rooms and a dandy little breakfast
room, and a living loom tliat is so large
'hat it is-.i genuine pleasure todre in it.
The front veranda of this house ex
tends all across the front and is im
mense. Let us show you this-proposi
tion.
* FOR SALE
ONE OF THE BEST propositions on the
i gulf coast. A commercial hotel, now
running, paying handsomely Value. $35.-
(inn Ten thousand dollars will handle this
and It is an exceptional opportunity.
JOHN R. SCOTT
Fhonr Main 1869. 814 Grant Building.
ONE of the most beautiful homes in ihe
city to bp sacrificed, lot 100x408. plenty
of shade, fruit, etc.; a fin* horn**, all com
plete See photograph in this issue.
FRIGE 12.250.
SIOO cash and S2O per month
GARDEN STREET, near Georgia avenue,
nice five-roam house; ha« sewer, water.
I fas and on a lot 50x140. See this at once.
♦ •
I NO. 168 LUCILE AVE.
L rash and $25 per month.
B If vou will go in this home you will find
| one of the prettiest five-room houses you
I ever saw. has every convenience. ar-
F ranged foi tout more rooms at a small
Cort See this.
S. B. 'runMAN & CO.
BROAD AND ALABAMA STREETS.
Real Estate For Sale. Real Estate For Sale.
HOME SEEKERS
ARE YOU in the market for a home? If so. It will be to your Interest to confer
with us at once LISTEN: Do you own a lot anywhere In the city or sub
urbs paid for or half paid for? If so, let us build a house on It to suit your Ideas
and arrange terms like rent or easier Houses we build range second to none Ln
point of workmanship, material and beauty. Ask our customers. Plans and
specifications will cost you nothing.
GATE CITY HOME BUILDERS
REAL ESTATE AND BUILDERS.
SO9 Third National Bank Building. Phone Ivy 3047.
WILLIAMS-HARTSOCK CO.
REAL ESTATE AND BUILDERS FOURTH NATIONAL BANK BUILDING.
Phone 2106 Main.
HERE IS WHAT YOU HAVE BEEN LOOKING FOR Six rooms, hall and
- bath, double-floored, storm-sheathed, tile floor on front porch, tile in bath room,
steam heat, large lot. beautiful fixtures, gas and electric, stone steps, tile walk,
lot fenced. This beautiful home is new. Owner has covered it. with best cy
press shingles: bookcases, beautiful stone mantel, exposed ceiling beams, itard
wood floors. The price is cheap. Terms easy.
LET US BUILD' YOU A HOME; will arrange to suit your own taste. Make easy
terms. •
75 FEET FRONT on V'est Peachtree street, south of North avenue. This is a
bargain. Make terms.
HERE IS THE CHEAPEST PLACE on Myrtle street; will make terms too.
Come io see us about it.
WE" _ HAVETC BUNCH of north side bargains. See us.
Individual Needs
BA X K IXG REQUJREM EXTS VARY
with dil'foruin persons, firms and
corporations. But whatever lhe nature
of these requirements, thev are fullv met
Ip the ATLANTA NATIONAL BANK.
The officers of this old. established in
stitution are especially desirous that the
account of ea<'l) depositor shall be of the*
I greatest value to him: and whatever
might be his needs, they shall be met to
the full measure justified by sound bank
ing methods.
Wouldn't it be to your’advantage to
make this YOl R bank?
Atlanta National Bank
The Oldest National Bank
in the Cotton States
C| V ■■■ "■ "-'11... .11 ' -!?- xpu. immuß'—'im—l6 —lll"mill IYM
MIT COTTON 71.51
5AY5U.5. REPORT]
Condition Lowest on Record at
This Time With the Single
Exception of 1907.
WASHINGTON. June 4.- According
to a report issued today by the depart
ment of agriculture, the condition of
cotton as of May 25. Was 78.9 per cent
of a normal crop, as compared with
87.8 on May 25. 1911. and 82 on May 25.
1910. and 81.1 on May 25. 1909, and Si.s
per cent, the average of the past ten
years, on May 25.
The government s report today on
the condition of cotton on May 25 about
met expectations of the trade, guesses
ranging between 77 and 80.
3'ne condition was given at 78.9,
which is the lowest June condition on
record, w ith the exception of 1907. when
it was 70.5. The. failure, however, by
the government to issue the. usual es
timate of the acreage renders the con
dition report practically worthless, and
in that respect differs from the report
of 1907.
The commercial crop in 1907, ac-'
cording to Secretary Hester, totalled
1 1,572.000 bales on 31,311.000 acres. The
fact that the growing season has been
shortened a month or more, or to sucti
an extent as to cause the government
to postpone the acreage report to July,
leaves the trade to reckon with the
acreage a month 'hence and with a
plant that.gained its life under adverse
circumstances. The figure today do not
furnish data on which to predict the
size of the next crop, though they ate
considered bullish, unless frost occurs
at an unusually late date.
The following table shows the condi
tions by states this year as compared
w ith past years:
——i] J i i ; j io-
States. 1912 1911 1910 1909 1908 1907 Yr.
_ i i_ i i i i ; Av.
V«. . .189 '93 190 185 |BS 80 [BS
N .'B7 83 )S4 193 187 ! S0 !83
S. C. . )83 iso 78 'B3 IRI 177 181
Ga. . .74 '92 'Bl |B4 ISO 74 S 3
Fla.. . |75 |95 ISO 191 182 |BO 187
Ala.. .174 191 183 'S3 |7B 65 181
Miss. .172 'B6 <B2 178 'BO 165 ISO
La. . .SB 91 |76 74 80 64 |BO
Tex.. .186 88 iB3 178 17" '7O ISO
Ark.. .'73 187 'Bl 184 |Ba |6o 'B2
Tenn. J 74 18.3 <BS 85 |S4 63 'B4 '
Mo. . .I*4 186 '93 193 18*5 165 185
Okla. .178 ;87 184 |B4 80 180 181
Gal. . .196 |95 . ....1.;.,.
U. S, J'78.918*78'82.0181.1179.7|70.5|81.5
NEW YORK PRODUCE MARKET.
NEW YORK. June 4. Wheat steady;
July. sl. lo'Va 1.15’ 3 ; spot. No. 2 red.
$1.22\ In elevator; *1.22*4 f o. b Corn
steady: No. 2. in elevator, nominal: ex
port No. 2. Rl% f. o. b.; steamer, nomi
nal; No 4. nominal. Oats firm; natural
white. white clipped. Rye
quiet. No. 2. nominal, f. o b. New York.
Barley easier: malting. $1.15(9)1.2$ c. i. f.
Buffalo. Hay easier: good To prime, $1.25
(&1.60; poor to fair. $1.15'5f.45. Flour
quiet; spring patents. ’
straights. $5.25'9 5 60. clears.
Beef firm; family, $18.00@18.50. Fork
firm; mess, $20.25@ 20.75; family. $20.25
'9 21.25. Lard strong, city steam.
10t 2 ; middle West spot. 10.95*9 11.20. Tal
low steady; city, in hogsheads. t? l <( nomi
nal; country, in tierces,
THE ATLANTA GEORGIAN AND NEWS. TUESDAY. JUNE 4. 1912.
SHARP PRACTICE
NECESSITY NOW?
Career of the Late M. C. D.
Borden Furnishes a Con
vincing Answer. •
By B. C. FORBES.
NEM YORK, .lune 4. —Arc sharp prac
tices necessary to success in these days of
catch-as-catch-can business? Must trick
ery be resorted to at least once in a while?
Does the employer have to forget what
he was taught in Sunday school when
i* comes to dealing with his employees?
Is a large, human heart an obstacle to
great prosperity? Beset by Romans, is it
compulstory to do as they do or go them
one better'.’ Can a man in a large way
of business afford to listen to his con
science? Or is he the victim of circum
stances, driven hither and thither by
forces beyond his control?
♦ • <
The records, just closed, of M. C. D.
Borden, the king of cotton manufactur
ers. supplies as good an answer i<? these
questions as anything I know—you. no
doubt. Jaave read something about him
irr the Wmtuaries.
♦ • ♦
Few men have had to encounter more
troublesome problems In conducting their
business. To run a cotton mill smoothly
and successfully is never easy; sometimes
it is well-nigh impossible The textile
trade is exposed to violent fluctuations,
due in part to the drastic swings in the
price of raw material, occasionally to a
drastic falling off in demand for mer
chandise, at other times to widespread la
bor troubles, and. at long intervals, to po
litical uncertainties. Moreover, in this
peculiar industry no monopoly or monop
olistic amalgamation has arisen. Compe
tition of the old-fashioned kind still rules.
The tactics of rivals often prove trouble
some. < Josts have tn he rigidly kept
down. Yet strikes must be averted
whenever possible.
♦ ♦ •
Mr Borden M <’. as he was called
in the trade proved equal to all emer-
gencies. More, he triumphed over them
by methods al once brilliant and lauda
ble. by methods that won for him the
admiral ion of the workers and the re
spect of other manufacturers. Did a glut
of goods threaten Io choke the market and
inflict upon the mills a period of Idleness.
Mr. Borden would by one bold stroke re
move the danger, On one memorable oc
casion he bought a million and a half
pieces of cloth to avert what would haxe
been a catastrophe to thousands of em
ployees In other mills At another criti
cal time, when distress appeared inevita
ble. when wages were about to be cut,"
he stepped forward and did a daring
thing instead of reducing the pay of
his large army of workers he announced
a substantial advance. Others had to fol
low his example. And bankruptcy did
not result
The modesty of the great, the deter
mination nf the strong, the confidence
of the just were all embodied in this
fine type of New England merchant man
ti fact u re r.
• • •
In these days of denouncement of com
petition and worship of “co operation' it
is worth noting that the greatest cotton
mill owner .America has produced n<»t
sympathize with the brand of co-operation
generally advocated, lie would not unite
with other manufacturers to act in con
cert against employees or consumers.
He had his own standards of fair dealing
and would not he hound by the fiats of
any association lie was of broader gauge
than most nf his competitors. Up never
descended to the petty. He took a large,
wide, wholesome view of his responsibil
ities toward his fellow-men. His action
not infrequently showed that his heart
was more with the thousand of toilers de
pendent upon him than with those of his
own station in life v
* • •
And yet his magnanimity paid. Gen
erosity proved a profitable policy
Which suggests that the real leaders
In other branches of the textile and dry
goods business (not to look farther afield,)
have been men of conspicuous probity, of
unquestioned fairness, of more than aver
age generosity in their dealings, not only
with men of affairs, but with their own
employees. The names of several still
living will ai once come to your mind. Os
them I will not speak. But what of the
founders of the two largest dry goods
concerns in the United States? H. B.
Claflin was essentially a man of the tjpe
just described—more so than the public
knows, for. like Mr. Borden, his philan
thropies were accomplished with a mini
mum of noise, even with stealth. Long
before old age pensions were discussed
as a national question the house of Claf
lin instituted its own system, a system to
which the beneficiary contributes not one
dollar. The worthy son of this worthy
sire, John Claflin -the present holder of
the blue ribbon of American commerce,
the presidencj’ of the Chamber of Com
merce -continues the benevolent policy.
And then, was not Marshall Field distin
guished as much for his honesty and jus
tice as for his great wealth?
• • •
Os course, it is not quite the thing now
adays to bother much about people when
they die - there is so much to be done in
bolding one's own against the living.
Still, it may do no harm to steal a few
moments to weave a little wreath for a
man of sterling worth, whose life and
work are a refutaion of some of the cyni
cal. mischievous, counterfeit theories that
too often are circulated toda.v as 21-earat
truths.
WEEKLY WEATHER REPORT.
WASHINGTON, June 1. Mean tem
peratures were from 1 to 4 degrees above
normal generally over cotton belt, except
there was a slight deficiency over the
north central portion. Weekly mean tem
peratures ranged from 68 tn 80 over the
eastern, from 72 to 80 over the central
and from 70 to 84 over the western por
tions of the cotton-growing states The
highest mean temperature. 84 degrees,
occurred at Del Rio. Texas.
Precipitation occurred generally through
out the cotton region, except tjtat over a
large area in northwest Texas and south
west Oklahoma and a small area In north
central Arkansas, there was no rain. The
rainfall was unevenly distributed, but it
was generally heaviest in southeastern
Louisiana and lightest in Oklahoma More
than 2 inches occurred in parts of Texas,
Arkansas. Louisiapa. Mississippi, Ala
bama. .Tennessee. Georgia, Florida and
South Carolina. The greatest weekly
amount. 8 90, occurred at Donaldsonville.
Louis B. Magid & Co.
Investment Bankers
1014-1034 f.anller Bmlflin’ At tnq Pboniy Iq 4458 4451
.NEWS AND GOSSIP
Os the Fleecy Staple
(From Hayward & dark.)
NEW YORK, June 4 Carpenter, Bag'
Co.; McFadden was said tn be
good buyer, of July and seller of October.
Wilson sold <ictober.
Dallas. Tex., wire's; “Texas, western
portion clear: balance generail?’ cloudy;
raining at Galveston and Houston: Dal
las foggy and damp. < >klahoma. general
ly clear and pleasant."
T. H Price issues a special report giv
ing thme composite average of tbe five
private reports, which sh«'*\s an acreage
reduction «>f 7.4 ami cmuliiion of 78.6. in
dicating a crop of 12.778.090 bales, assum
ing conditions from now to be same as
last >ear. Consider this report extreme
ly bullish.
Riordan a big buyer, said to be for
Tell and Memphis, and it looks like one
buyer against the field
Warehouse stocks in New York Tuesday
139.449; certificated 118.542.
NEW ORLEANS. June I. Hayward &
Clark. The weather map shows fair in
west Texas and" Oklahoma, partly cloudy
to cloudy elsewhere; light to moderate
general showers in oast Texas, central
ami Easetrn states; heavs in Brownville,
Tex . and Macon district in Georgia. In
dications are for clearing In the western
and central bell; probably more showers
in the coast districts' of the Atlantic
states.
DAILY WEATHER REPORT.
Atlanta. Ga.. Tuesday, June 4:
Lowest temperature 34
Highest temperature 78
Normal temperature *4
Rainfall in pasl 24 hours. Inches 07
Excess since January 1. inches 10.34
REPORTS FROM VARIOUS STATIONS
Stations - Wrath temperature R’fall
7 Max. 24
I a. m. iy'day.'houra.
Augusta Cloudy 73 .68
Atlanta Cloudy 68 88 .06
Atlantic < 'ity. 'Cloudy 70 82 . .
Anniston . Cloudy 72 3t>
Boston Pt- cldy. 76 84 ....
Buffalo Cloudy 58 64 . . •
Charleston . . Pl.cld.v. SO 86 .
Chicago Clear 60 86 .32
Denver Clear 56 80 i ....
Des Moines... Clear 56 76 ....
Duluth ‘Cloudy 42 66 ....
Eastport .Cloudy 12 6s .
Galveston .. . Raining 24 76 .54
Helena Pt eldj. 46 70 . ...
Houston Cloudy 70
Huron Cloudy is 70 . • •
Jacksonville Pt. cldy. 78 84 .tt
Kansas City.. Clear 63 88
Knoxville ... Cloudy 70 84 .01
Louisville ■ ■ PI. eldy. 82 . .
Macon Cloudy 74 L<4
Memphis Cloudy aS ....
Meridian ... Cloudy .(> .1”
Mobile IClear 80 86 .04
Miami Cloudy 80 86 .80
.Montgomery ■ Clear 76 88 ....
Moorhead ... ‘Clear 48 68 ....
New <)rleans.>< ’loudy 78 90 ....
New A’ork... Cloudy "0 SO ....
North Platte Cloudy 50 H
Oklahoma ....Clear 66 90 . ;
Palestine ....Cloudy 68 82 ,1.
Pittsburg ....'Clear 66 , ....
P'land.. Oreg. Clear 56 <6 ....
S. Francisco. .'Clear 54 86 ....
St Louis Clear 64 86 I .01
St. Paul Clear 52 66 . ...
S. Lake City.. Clear 56 <g ! ....
Savannah .... Pt. eld' 80 ■■
Washington .‘Cloudy 68 _ 80
C. F. VON HER RM ;VNN, Secllon Dl rector.
NEW YORK GROCERIES.
NEW YORK. June I. Coffee steady.
No. 7 Rio spot 14's r a 14'1> . Rice firm: do
mestic ordinary to prime 4 1 k ')i5“ b Molas
ses steady'. New (Cleans open kettle 3531
45 Sugar raw easy: centrifugal 3.98«.
muscovado 3.485. molasses sugar 3.235. re
fined steady: standard granulate.l 5.25. cut
loaf 6. crushed 5.90. mold A 5.60, cubes
5.45. powdered 5.30. diamond A 5,20. con
fectioners A 5.05. No. 1 5.05, No. 2 5. No.
3 4.95. No. 4 4.90.
( ’l ie ese weaker: whole milk specials I3\
<h |4 whole milk fancy 13'i. skims spe
cials 114/ lIL. skims fine 9"4(5'1 0, full
skims 74/7'6.
BUTTER. POULTRY.' AND EGGS.
' . ——4 i
NEW YORK. June 1 Dressed poultry
stead' turkevs 134/22. chickens 17144130,
fowls Il'-4(16, ducks 134(22. geese 1141
16 Live'poultry rfonilnal. prices unset
tled .
Butter firm: creamery speemls 2i4t2i’..
creamery extras 264/26h.. state dairy
(tubs) 22 bld. process specials ■JS4/ 25': ?
Eggs steady; nearby white fancy 23 hid.
nearb.v brown fancy 21 bld, axtra firsts
21', s asked, firsts
ATLANTA LIVE STOCK MARKET.
(By W. H. White, Jr., of the White Pro
vltlon Company.)
Quotations based on actual purchases
during the current week:
choice to good steers. 1.000 to 1.200. 5.75
(56.50: good steers. 800 to 1.000, 5.5006.00:
medium Io good steers. 700 to 850. 5.004 J
5 50: good to choice beef cows. 800 to 900.
4 504/ 5.00; medium to-good beef cows. 700
to 800 4 264/4.75: good to choice heifers.
750 10 850. 1.2505 25: medium to good
heifers. 650 tn 750. 3.754/ I 50
The above represent ruling prices ot
rood quality of beef cattle. Inferior
grades and dairy types selling lower
Mixed common steers, if fat. 700 to 800,
4 250 I 75; mixed common cows, if fat, BOti
to" 800. 4 0004.25: 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. 7.404/
7 60; good butcher hogs, 1(0 to 160. 7.200
7 40. <- o<l butcher pigs. 100 Io 140. 7.000
725 light pigs SO to 100. 5.5006<-; heavy
rough hogs. 200 to 250. 6.500 7c.
Above quotations apply to corn-fert
hogs. Mast and peanut fattened hogs, 1©
lUc and under
Cattle receipts light. Market steady on
best grades. Several loads of mixed cows
irregular in weight and condition were
in the yards this week and sold at prices
about a quarter under a week ago.
Only one car of steers were in the
\ards 'bis week, which, were shipped b\
A N Brown, of McDonough. Ga.. this be
ing Mr. Brown's second load of fed steers
on the Atlanta market during the month
of May He easily topped the market
again this week and is well pleased with
the results of this season's feeding
Hog receipts normal, market a shade
lower than a week ago.
ATLANTA MARKETS
EGGS- Fresh country candled, 17@JSc
BUTTER—Jersey and creamery, in ilk
blocks. 20*-2^125c; fresh country dull.
< ul2’m- per pound.
DRESSED POULTRY—Drawn, head and
feet on. per pound. Hens. fries.
250 27c Roosters. Turkeyi. ow«
ins: to fatness, 18tfr20r.
LIVE POULTRY Ren«. rnost-
rrs. 25'1/3.5' . fries, .tO'u .5U<-. broilers.
25c; pudtile ducks. 25'f/ e 'Uh ; Pekin ducks,
40fu. 45c; geese. 50<?i80e each; turkeys, ow
ing to fatness. Il'c/1.5<
FRUITS AND PRODUCE.
FRUIT \ND VEGETABLES Lemons
fain \so'll 5.00 per box Florida
oranges. $3.00'17 3.50 per box. Bananas.
of/S’i, ppp pound Grape fruit. $5.00(?i)
K 00 ppp crate. Cabbage. I*4(S2c per pound
Florida cabbage. $2'g2.50 per crate. Pea
nuts, per pound, fancy Virginia.
choice. s*/£»@6c. Beans. round green
*1.00<«L25 per crate. Florida celerj,
$2.00(d2.50 per crate. Squash, yellow, per
six-basket orates. sl.2s'</1.50. lettuce,
fancy, choice, $1.25(aL50 pet
Beets. 13.00G13.50 per barrel Cu
cumbers. $1,254/1.50 per viate. English
peas, per drum, $1 00t&l 25. New Irish po-
tatoes. per barrel. M.vo<?/4.50 per barrel.
Strawberries, 7fi/10c per quart
COTTON STEADY I
DESPITE REPORT!
Government’s Statement of the
Condition of Crop Has No
Effect on Market.
NEW YORK, lune 4. There was an
j expectants in th? cotton market at the
I opening texlay. Drives were 1 tn 2 points
' higher The market was chiefly in
| fluenced by spot dealings, while traders
I held aloof until after the government re
port at noon.
Futures were quiet hut steady in Liv
erpool.
The condition at 78.9 was little below
expectations. However, the ring crowd
made an effort to sell market down and
was only stopped when Riordan became a
god buyer, taking all offered. They con
tinued to sell on the way up and were be
lieved to be short by balance now. At
2 o’clock Strong people seem to want cot
ton on depressions; therefore, any decline j
nf consequence is not expected.
At 2 o’clock prices on the active posi
tions range 4 to 5 points above the previ
ous close.
At the dose the market was very steady
at 7 t<» 10 points over the closing quota
tions of Monday.
RANGE IN NEW YORK FUTURBS.
I C JZ K- O > •
* ~ c 35 s ••
I O K U Uro| Q CLO
11 me 1 ..... 11.94-98 10.80-88
July 11.0211. K 1096 11 08 11.08-09 11.00-01
Aug. 11 09 11.09111,00’1.1.07 11.12-14 11.05-07
Sept 11 12 11.12 11.12 11.1211.21-23'11.12-14
< »ct. 11.21 11.30 11. J 4 11.28 1 1.28-29 11.19-20 I
Nov. 11.23 11.29 11.23 11.29 11.32-33 11.22-24
Dec. 11,30 11.38 11.24 11.36 11,3a-30 11.28-29
Ja n 11.23 11.35 11 2011.32 11.32 -33 11 22 -23
Feb. 11.30-38 11.26-28
Meh 11.32 11.46 1 1.32 1 1.46 11.41-46 11.34-35
May _1J .38 1 1.38 IL 37 11.37 11 48-50
t'hised barely steady.
Liverpool was ’ 2 lower to ’ 2 higher It
opened steady 11u'9'2,4l 1 u'9'2 , 4 higher, at 12:15
p. ni. was steady 2’2'? higher. Spot
in moderate demand at 2 points higher,
and export. 500; including 6.700 American
Imports. 10.000; American. 4,400.
At the close the market was quiet at
I'a 2 points advance over Monday s finals.
RANGE IN LIVERPOOL FUTURES.
Futures opened uuiet and steady.
Opening. Prev.
Range. 2 r. M. Close. Closw.
June . . . 6.14 -6.15’2 616 6.15 6.13
June-July 6.11 -6 I4 l £ 6.15» 2
July-Aug. 6.164-6.18 6.17 6.17 6.15
Aug.-Sept 6.18 -6.184 6.184 6.174 6,164
Sept.-Oct. 6.15 -6.144 6.144 6.14 6.124
Oct.-Nnv, 6.13 -6.12 6.12 6.12 6.104
Nov.-Dec. 6.12 -6.114 6.114 B ’l 6.094
Dec.-Jan. 6 11’,-6.11 6 11 4 6.104 6.09
Jan.-Feb 612 -6.1i46.1l 6.104 6.09
Feb.-Meh. 8.124-6 12 612 6.114 610
Meh.-Apr 6.1 <4-6.134 6 13 6.124 6.11
Closed quiet.
HAYWARD & CLARK'S
DAILY COTTON LETTER
NEW ORLEANS. June 4. Liverpool
came about 4 points better than due on
futures and spots 2 higher; sales 7.000.
The strength may be explained by yes
terday’s cables saying the market feared
a low bureau. Our market opened a few
points higher to conform to yesterday's
New York and ruled steady around 11.33
for October. Trading was small owing
to unusual uncertainty in regard to the
government condition publication as 11
o'clock. Sellers arp particularly scarce,
as the tendency was to look for a low
bureau figure Spot holders say a good
export demand developed locally Satur
day and still continues and but fnr the
poor outlay on factors’ tables a large
business w'ould be done
The bureau report m 11 o'clock gave
78.9 as the average condition for the belt
on May 25. which compares with 87.8 last
rear and 82 in 1919 Thisj condition was
somewhat higher than expected and led
to selling right after the publication, but
there seemed to he many buying orders
placed for the emergency and prices re
covered right away.
New' York reported Mitchell. Riordan
and Craig the best buyers, showing that
bull interests in New York Intend to
keep full control of the market The
weekly weather report is favorable, ex
cept for a part of northwest Texas, cen
tral and southwest Oklahoma, where rain
is said to be urgently needed.
RANGE IN NEW ORLEANS FUTURES.
I® I M It IKi I ; t g
I 0 ! E ° |j» | 0 £5
Jul' "IL6B 11.79 II fifi 11.77 11.7 K-77
Aug ILSB-58 1 1.47-49
Sept 11.43-45-11.38-35
Oct. (11.32 J 1.41 11.25:11.39! 11.38-39)11.28-29
Nov :.. 11.39-41 11.29-31
De.- 11.35 1t.42 11.27 11.41 11 40-41 11.30-31
Jan 11 ::9:1 1.43 1 1.39 1 1.39:11.15-45 11 3.3-34
Feb’ ! 1 1.47-49 11.35-37
<' h ' llJ ~ H A' l ' l ' 11.47'11.52-63.1 1.52-43
Closed steady.
SPOT COTTON MARKET.
Atlanta, steady: middling 114.
New York, quiet middling 11.45
New Orleans, quiet, middling !I\.
Liverpool, easier; middling 6.34 d.
Savannah, quiet; middling 114.
Augusta, quiet; middling 12c.
Mobile, steady: middling 114
Galveston, quiet; middling 119-16.
Norfolk, quiet: middling 114-
Wilmington, nominal.
Little Rock, quiet, middling 11 4.
Charleston, nominal: middling 114.
Philadelphia, quiet: middling 11.70.
Boston, quiet; middling 11.45.
Baltimore, nominal; middling 11%.
Memphis, steady, middling 12c.
St Louis, quiet; middling 11%.
Houston, steady; middling 11 7 ®-
PORT RECEIPTS.
The following table shows receipts at
the ports today compared with the same
day last year:
_ | J 912. _|_ 1911. __
New Orleans. . . . 237 1 966
Galveston. ...... 2.555 1,876
Mobile 196 ‘ 102
Savannah 896 998
Charleston 4
Norfolk 167 ' 317
Boston. ...... 4 1
Various 12
Total 4.059 4.271
INTERIOR MOVEMENT.
1912 | 1911
Houston. ......I $24 ' M7
Augusta t 174 5
Memphis 1.043 351
St Louip. ..... 343 677
('in-innati 366 184
Little Rol-k 34
*~Tbtai7 *. 2~349 Tj6B~“
COTTON MARKET OPINIONS.
Hayden. Stone A- Co.: The short side
looks to be the best.
Siernberger, Sinn A- Co.: Unless the
report is higher than 78. we do not look
for much of a break.
Poll & Co Purchase cotton on de
clines.
■
NEW YORK COFFEE MARKET.
I Coffee qiH.ta t loiih:
Opening. | Closing ~ ■
January. .... 13.50013.55 13.55013.58 I
II Februar- 13 50013.54 13.65013.57 1
March .... 1 1550 13 f>7 13 570 13 58 I
I \|.rtl 13 500 13 50 13 570 13 !
J Ma' 1.1.50 13 .'<Bo 13 53 .
I June .... '3300 13 40 13.3.10 13.341
tub ... 13 250 13.32 '3 330 13 .15 1
A <(g )• ‘ ’ 3 -.0 '3 15 >3 IJh 1.1 (4
e.n'.er ... 1L 4« I ' 0)0 13 :. I
... <..!<•( >•: ti nI. ... 19 ’0 13 54
xI :’"0 t" 11 .«
to. rr.-be. t 3 s"_ 1 50 Ct -,l
i , r.; Hearl.' elr. . b.i'i
| THE WEATHER
11 I
Conditions.
W ASHINGTON. June t -The indica
| fions are that there wiU be showers to
j night or Wednesday over the Atlantic
i seaboard ami in the east gulf states, while
;in the Ohio valley and the Lake region
; the weather will he generally fair tonight
■ and Wednesday.
The tetnpeiature will bp somew hat low
er tonight in the eastern portion of the
lake legion and the Ohio valley and Wed
nesday in the middle Atlantic and New
England states.
General Forecast.
Virginia - Probably showers tonight or
■Wednesday morning, followed by fair and
somewhat cooler Wednesday
North Carolina. South Carolina. Geor
gia. Florida. Alabama and Mississippi
Local showers tonight or Wednesday.
Louisiana and East Texas Unsettled
with showers tonight or Wednesday.
Arkansas. Oklahoma and East Texas
Generally fair tonight and Wednesday.
TODD STOCK
RISES 2 POINTS
Accumulation nt in Read
ing— Substai. Gains in
Many Issues.
By CHARLES W. STORM.
XEW YORK. June 4 Pronounced
strength was shown In a number of
departments at the opening of the stack
market today. American Tobacco ad
| vanced 2 points to 288. a new high record
I for that issue since having been listed.
The railroad and copper groups were
also particularly firm. Amalgamated be
ing up ’j. to -i,, and Smelters li up.
There was very little supply, while the
demand was Insistent. t’nlon Pacific
was 'j higher. United States Steel com
mon Erie common Erie preferred
’4, Pennsylvania and Atchison 'a and
Reading I'.. Lehigh Valley 5,. Missouri
Pacific and Canadian Pacific to %.
The curb market was firm.
Americans in I.ondon were steady.
A strong tone was maintained In the
laic forenoon and substantial gains were
made in any issues. A large part of the
buying was covering of room shorts, the
demand from this source being most no
ticeable in Steel and I nion Pacific. Ac
cumulation was evident In Reading.
American Tobacco continued its up
ward movement, making a gain of 2
points.
Business became less active after mid
day. although there was no evidence of
weakness. Prices shaded off slightly from
the highest in the late trading. There
were fractional recessions in nearly all of
the Important railroad stocks, while some
of the Industrials and specialties felt the
result of the proflt-takitig
The market closed steady
Governments unchanged; other bonds
steady.
Stock quotations:
I I ILastlClss |Prev
STOCKS— IHlghlLow ISaie.l Bld JCl’s*
Amal. Copper? 84 I 83t4l 83A, ‘ 83’xI 83'i
Am. Ice Sec...' 26t£! 25%: 26\l 25 ' 25
Am Sug. Ref.112834h25-(,|127% 128 ,12«’<
Am. Smelting S4‘.'»l 83 1 84 184 ' 82%
Am. Locomo. , .... .... tl' ( 40 5 ,
Am. Car Fdv. 58% 58%' 58% 58% 57%
Am. ('ot oil ' . . . 53% 53',
Am. Woolen . .. < 28 I 28
Anaconda ... 43 42%) 43 42% 42%
Atchison 105% 105%‘106%'105% 105%
A. C I. . 139% 138%
Am Cat! .... .15% 35%) 35%. 35%) 35%
do. pref. . .'117%;II6%|115%;11«%:116%
Am. Beet Sug 59'.. 69 I 69%) 69', 68%
Am. T and T ' ... . 145% 145%
Am. Agrlcul. , . 161 60%
Beth Steel 37 36%' 36% 36% 35%
B. R T 88 87% 87%' 87%' 87%
B and o IOS 108 108 107% 107%
('an Pacific 267% : 266% 1266", 266% 265’4
Corn Products 15%i I.s'j I 15' w ‘ 15%i 14%
(' ami < > ... 78% 77% 78 78 77'.
Consol. Gas ...141%H41% 141% 141% 141
Con Loalher 24% 24% 24%' 24%) 24%
Colo. F. and 1 28 27
Colo South 1 , 38 ‘39
D. and H ... 168% 158% 168% 167% 168
Den. and R. G.l 19 19
Distil. Secur.. 32 31 %' 32 t 32%' 31%
Elie ! 35% .14% 35 34%. 34%
do. pref. .. 52%) 51%) 52 ‘ 51%) 51%
Gon. Electric . 169%1168% 1169%: 169 1167%
Goldfield Cons 1% 1% 4'. 1 1 . 1%
<l. Western ...J ....) 17 ‘ 17
G. North . Pfd. 133% 133% 13.3% 133'), 133
G. North, Ore.. 42 41 %. 42 ) 41% 41%
Int. Harvester 122% 180%T22%< 121 % 119%
111. Central ..326% 126 126’.- 126% 126
Interboro .20 I 19% 20 19% 19%
do. pref. ..I 57% 57'. 57% 57% 57%
lowa Central.! .... ...J 11 ‘ II
K. c South... 25 ' 24% 25 24% 24
K. and T 2«% 26%
do. pref. .. .... ... ....: 58% 58%
L. Valley. . .1 72 171 172% 172% 170%
L. and N.. . . 158 157 157 % ' 157 % 156 %
Mo Pacific. . 39% 37% 38% 38%) 36%
,\ Y. Centrarilß%'Hß% 118% 118% HR
Northwest 136 135%
Nat. Lead. . . 57%' 57 57% 57 57%
N and W.. . 110-%‘110% 410% J 10%!110%
No Pacific. . 119% 118% 119'. 118% 118%
o. and W.. . . 36% 36% 36% 37 36%
Penn . . . . 123% 123% 123% 123% 123%
Pacific Mall . 33% 32%) 33% 33% 32%
P Gas Co.. .1113% 112% 113% 113% 112%
P. Steel Car . 34 34 34 34 33%
Reading. . . . 16R". 167 167% 167% 166%
Rock Island 25% 24% 25% 25% 24%
do. pfd.. . . 51 'a 50% 51%' 51% 49%
R 1 and Steel 24% 24 24% 24% 23%
do. pfd . . 80%' 80 80 % I 80 . 79%
S.-Sheffield. .J.....' ....I ....' 50 48
So. Pacific . . 109% 109%109%)109% 109
So. Railway .' 28% 28%) 28%) 28 ) 29%
do. pfd.. . . 74 : 73%) 74 74 % 73%
SL Paul. . . 105 104% 104% 1'14% 104%
Tenn. Copper 45 44% 44%' 44% 43%
Texas Pacific 23% 23 123 23 . 22%
Third Avenue I ....! ...J .... 38%) 38
Union Pacific 168% 167% 168% 168%1167%
U. S. Rubber 1 64 63% 63% 63 63
Utah Copper 63% 63%. 63% 68% 62%
U S. Steel . . 68% 67% 68% 68%: 67%
do. pfd . . . H0%‘110% 110% 110%<110%
V. Chem . 51% 51%! 51 % ‘ 51% 51
West Union . 82% 82% 82% 82 82
Wabash . . . 7% 7%‘ 7%: 7% 7%
<lo pfd . . . 18 17% 17% 18% 17%
West. Elec 71% 71%
Wis. Central 54 51%
W. Maryland. 58%) 58 58 58 58
’ TotaFsaleKTog.OOO.
MINING STOCKS.,
BOSTON. June 4.—Opening: Franklin,
12%: Calumet and Arizona. 74%; Hoyale.
29: Butte Superior. 40. Calumet anq
Hecla, 498; Daly West. 6
local stocks and bonds.
Bld Askefl. )
Atlanta * West Point R R... 1<» j, 5
American National Bank ... '"5
Atlantic Coal & Ice common. 101
Atlantic Coal A- Ice pref..... »J 9I
Atlanta Brewing * Ice C 0... 175
Atlanta National Bank .... 325
Central Bank A- Trust Corp w
Exposition Cotton Mills 18a
Fourth National Rank 245 ;> sn
t Fulton National Bank ’25 JBO
Ga Ry. A- Elec, stamped. .. 124
r,a R> A- Pow. Co , common 28 31
do- 'lst pfd 80 85
do. 2d pfd ... 42 44
Hili'er Trust Company 1 >?,
Lowry National Bank 248 250
Realty Trust Company log )J0
Sixth’ Ward Bank 99% jot
Southern Ice common . 71 72%
Third National Bank. new.. 205 210 ’
Trust Co nf Georgia 225 235
Travelers Bank A Trust Co.. 125 125
BON DS
Atlanta Gas Light Ist 5s ... 101% 105 I
| Georgia State 4%5. 1915 .... 101 joi
'Georgia Midland Ist 3« «0 |j
Ga Rv * Eie- Co 5s 101
IGa f!v * Ele< ' rps 5 * 99 "%
I Atlanta Foni’nlMatr-d 5r 102'y
Atlant* City 1931 91 1
Atlanta City 4’*.’*. 1921 102 103
i Southern Bell . •*»
NAVAL STORES.
S\VANN’\H, <»\ June 4
J firm at 44. '<4H - I,o:;.' t./ oiprv h
fb'j-tn. firm; re‘etp’. i ,ih •ntft -AhjtF. i
17 *»0, gin h. *7 .'J* ** *37, M. i
T7 !< » < 37< I t : , B
t, <. 17 . I t <%/.';, !
p, fiu. p, ,J , I . a. ! • .o .
i
HOLDS INHEAT UP I
Spots Show Net Advances of
1 -4 to 1 -2 Cent—Corn and
Oats Higher.
ST. LOUIS CASH QUOTATIONS.
Wheat—No. 2 red 116% 0 117%
< orn 75 @ vs ’
Oats 52%
CHICAGO, June 4.—According to a
private cable received on the board of
trade this morning. Proctor & Co who
are known all over the world as the
largest c. i. f. grain house in the United
Kingdom, are temporarily embarrassed
Ibero was a stronger market in wheat
here, with fractional gains on the small
receipts at he Northwest, coupled with a
report credited to the Burlington road,
saying that wheat has deteriorated along
| that line in Nebraska from 9 to 30 points
I during the week.
Corn %c lower on selling by longs and
increased receipts.
I Oats were off %c along with the other
grains.
Hogs products were a shade lower on
selling by longs. v
There was a firm undertone In wheat
at the close today and resting spots
showed net advances of %c to %e. While
there was heavy selling in the wav of
securing profits by some of the larger
inlerests. lhe buying was equal thereto
Cash demand was small, with sales of
only 57.000 hushels.
<’orn closed with gain? of 14c to on
good buying by shorts and Invest
ors.
Oafs were up n ®c tn and quite ac
tive.
('ash sales of corn were bushels
and cats 8 45.000 bushels
Provisions uere fractionally lower, foN
lowing a rather unsettled market.
CHICAGO GRAIN MARKET.
H, * h . L,w - CI»M. Ch»««L
W H E A J —•
July 110 1.11 1.10 1.10% 1.10%
Sept 1.06% 1.06', 1 06 1 06% 1 06
De <v>BM o '* 107 ' " fil " 108% 1.05%.
> UOivl’i ——•
. July 72% 74 72% 74 72%
< Sept. 72 73% 71% 72% 72
. Dec. 62% 63 63% 63 62%
OATS -
July 49% 50% 49% 50% 49%
Sept. 41% 42 41 % 42 41 %
. %ork'? 43 42, < 42% 42 *
Jly 18.72% 18.90 18.62% 18.62% 18.75
Spt 18.80 18.95 18.72% 18.72% 18 85
* i.ARD—
, Jly 10.92% 10.95 10 82% 10.82% 10.95
, Spt 11.07% 11.15 11. no 11. no 11 12%
< Oct. 11.15 11.22% 1.10 11.10 11.17%
RIBS—
. Jly 10.50 10.52% 10.40 10.40 10.50
Spt 10.60 10.65 10.52% 10.52% 10.65
CHICAGO CASH QUOTATIONS.
CHICAGO. June I, Wheat—No 2 red
$1.12%®1.13%. No. 3 red $1.10(0'1.12%. No
2 hard winter sl.ll %01.1.3, No. 3 hard
winter $1.09%0 1.11 %. No 1 Northern
spring $1.1601.19. No. 2 Northern spring
$1.1501.18. No 3 spring $1.0901.15.
('orn —No. 2 74%075%. No. 2 yellow 75%
0 76. No. 3 73%0 74. No 3 white 78 0 78%.
No. 3 yellow 74%075. No. 4 700 72. No I
white 75%076. No. I yellow 70 073
Oats—No. 2 white 53% 0 54%. No 3
while 520 53. No. 4 white 5n%052, stand
ard 52%054.
CHICAGO CAR LOTS.
b Following are receipts for Tuesday and
estimated t■ eceipls for Wednesday:
iTueaday. IWedn’sday
’ Wheat ! ’ 29 ’ I 26 ’
('orn 630 I 573
' i lats 140 1 113 *
Hogs 12.000 17,000 ——
LIVERPOOL GRAIN MARKET.
Wheal opened %d io %d higher, at 1:30
p. "tn was %d higher, closed unchanged
U> %d higher
Corn ojiened %d lower: at 1:30 n m
was %d lower on September ana %d.
lower on July. Closed %d to l%d lower.
LIVE STOCK MARKET.
CHICAGO. June 4.—Hogs- Receipts,
12.000. Market 5c lower; mixed and
butchers. $7.150 7.65; good heavy. $7 500
7 65; rough heavy. $7 1007.45; light, $7.05
0 7 55; pigs. $5 10 0 7 00; bulk, $7.4507 60.
Cattle—Receipts. 2.500. Market steady;
beeves, $6 OO0<9.4O; cows and heifers, $2.50
0R.10; stockers and feeders. $5 00 0 6 75;
Texans. $6.5008 15; calves. $7.5008.75.
Sheep - Receipts. 13,000. Market steady
tn 10c lower, native and Western, $5 00'op
6.75; lambs, $5.7509.10.
COTTON SEED OIL.
NEW YORK, June 4 —Carpenter. Bag»
got Ar Co.: I'here was an active liquidat
ing movement and after opening at a de
cline of 5 to 10 points, prices showed fur
ther weakness with active selling by
longs. There was no particular change
In the news, but lard was steady, and as
the demand was slow, hears hammered
vigorously.
Cotton seed ofl quotations:
_ I Opaning. I Closing
Spot .... ~ . I T I 6.800747
June 1 6.8506.96 6.8306.92
July 8.9606.98 ! 6.9406.96
August ) 7 0807.09 I 7.040 7.07
September .... 7.1207.13 I 7.1507.17
October . . . . 7.1207.18 7.1307.15
November .... 6.6406.72 I 6.6806.73
December .... 6.60 0 6.62 I 6.6106. ..2
Closed steady; sales, 13,700 barrels.
[Atlanta Audit Co.
Public Auditors
and Systematizes
ATLANTA and TAMPA
»
mW'
Temporary Investments
*
One of the advantages of Certifi
cates of Deposit issued by this bank
is that
They afford a safe and
profitable way of invest
ing funds for which you
have not immediate use.
Such funds, or a stated amount
regularly from your income, placed
here on Certificates of Deposit, will
conse ve your capital and increase
, your income.
Interest begins when deposits are
made
AMERICAN
| NATIONAL
BANK
_ xs'w-r-. nsm- -~m rwwwar’iw'iiihwjw--iiHiimi
17