Atlanta Georgian. (Atlanta, Ga.) 1912-1939, June 07, 1912, HOME, Page 16, Image 16

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16 MILLIONAIRES-- W THEY ARE Very Much Like Other People. Few Are Looked Upon as “Undesirable Citizens.” By B. C. FORBES. NKIV YORK. June 7—" What sort of men are your Wall Street mlHonalres?” I was asked the other day "How long is a railroad journey?" I felt like replying, but didn’t. Instead. I merely said: "Very much like other peo ple." "But aren't they horribly uncouth? I always thought they were terribly uncul tured—and worse. ” “Not at all." I replied In defense of a much-maligned class "Rome of them are among the finest men tn America. "You surely do not mean that? Do they really possess a full measure of the vir tues*’ I assured the questioner that, taking them as a class, they did. • • • •'TOaJI Street millionaires’ are net all a park of biped wolves seeking whom they may devour The majority are not even undeatrabla rfHsene. • • • The term "Wall Street" la more elastic than a rubber band It embraces any th!ng--1n the popular Imagination—from the get-rich - thievishly fraternity, who never see Wall Street to the strongest of our financiers and banking Institutions. "Wall Street millionaires" Include alike the specyaular speculators who have mads fortunes in sheer gambling and the most conservative of our bankers and local capitalists. How many men have made—ant re tained—millions solely through stock specnla-tlon" Take the number that has sprung to your mind and divide 1t by a hundred, and If a whole hundred stfll re mains. do some more dividing. Note that I said solely" through stock speculation. Men like John W Gates- -a typical Wall Street mflllonalre of the fiction writer’s brand -had to be more than gamblers and had to do more than buy and sell stocks In order to get where they did Before he blew Into Wall Street Gates had earned the ramrtatmn of being the best salesman tn the Itnlted States He knew how to make nails and pull wire—the genirfne article—better than any expert In the business And having made supplies he knew how to sell them He was thus no nonentity, no brainless cypher Rut hta famous rtffer to "bet you a million" was remembered, while his real achievements tn the field of industry were quickly for gotten—if they were ever known —by the public. Not orfe "Wall Street millionaire’' of the most criticised pattern will be found devoid of special ability In some direction or other The self-made ones who stay millionaires are not fools Very few of them are knaves, either. • • • The trouble In that the crazy exploits of the few besmirch the reputation of the many. And of course when a Wall Street plutocrat runs amuck It makes a spicy front-page story. In one hour at a Monte Carlo table Charles M Schwab earned more unpleasant notoriety than years of amazing achievement In steel making could combat. It drove him, in a sense, from the presidency of the greatest indus trial organization In the world, the bil lion dollar Steel corporation. Sinoe then he has done bigger things than any other steel worker in the United States, but nine people In ten would, on hearing Schwab's name mentioned, recall the Monte Carlo Incident and let the rest pass « • • I have never met a more generous, a larger-hearted set than "Wall Street mil lionaires.” Even the worst of them have the redeeming virtues of generosity and charity They practice these virtues, too, on a scale the public can not Imagine. • • • On the other hand, there are a feu black sheep in the "Wall Street million aire" fold The most rapid-fire swearer I have ever encountered Is one of our very prominent traction magnates And bls vocabulary betrays him as being what he really is Then others admittedly could not write Greek poetry or rival Caesar or Cicero as Latin writers Rut that Is their misfortune rather than their fault Quite a few of them do their best to make up for what they missed They try hard to develop a taste for and an appreciation of art and music. They spend lavishly in encouraging and culti vating the refinement of life The) may know more about Reading than about Rembrandts. but when they get away from the one they do often try to be come acquainted with the other • • • Then there Is another and more nitmer ons class of "Wall Street mfllonafres " Men of the Morgan, Speyer. Seligman, Kahn, Barton Hepburn, Levi F. Morton caliber need no apologies on the score of Culture Not a few of the finest Intel lects In the country find their sphere of activity in "Wall Street Mixing the good with the bed. the re sulting composite ‘Wall Street million aire" Is not such a worthless, disreput able. dishonest character as Is too often misrepresented. 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. STATEMENT OF THE CONDITION OF The Sixth Ward Bank Located at Atlanta, Ga . at the close of business May 31. 1912 RESOURCES, Time loans.. . * -n 1Q Overdrafts, unsecured . .. • • - Ronds and stocks owned b> the n(?n w _ bank ■ ■ ■•• •• • 2 AOO Ml Furniture and fixtures Due from banks and bankers in Due from banks and hankers in Zola 5 202 .Ml Silver,’ nickels, etc 38 Cash items Z.iss.oo _2___ ~ , .. $90.199 20 Total STA Re^ore K me l came l WilUam T ’Mauldin’ I cashiei of the Sixth Ward Rank. who. be . that the above and foresting statement is a true conditon Wid bank as shown by the books of file tn said b,n^ l ~ vArl n , N Swom to and subscribed bes >re p7 Fulton County. Georgia. A EIGHT KILLED WHEN EXPLOSION BLOWS UP AMMUNITION FACTORY VIENNA, June 7.—An ammunition factory at Welledorf, a suburb of Wien i er Neustadt, was wrecked by an ex plosion today. Eight persons were blown to pieces. Some of the bodies were shattered beyond Identification. Ro great was the force of the detona tion that hundreds of windows in the city of Wiener Neustadt were, broken The residents of the city were thrown into a panic, thinking that an earth quake had taken place. Soldiers and police accompanied a fire brigade tn th" scene. ATLANTA PLUMBERS GOING AFTER 1913 STATE MEETING Between 700 and 890 plumbers will be in Atlanta next summer If the At lanta Master Plumbers association is successful In bringing this convention to Atlanta. W. S. Loftis, president of the Atlanta association, will go to Sa vannah Saturday night wdth about 40 delegates to attend the state*conven tion of plumbers which is to be held there on Monday, Tuesday and Wed nesday of next week. The members of the Atlanta party have been quietly making arrange ments for some time past and are con fident that the plumbers will choose Atlanta as their next meeting place. A M. Smith, of Atlanta, Is president of the state association and he will also work for Atlanta. GEORGIANS TO HELP UNVEIL MONUMENT TO COLUMBUS SAVANNAH, GA.. June 7.—Three special coaches were attached to the Seaboard Air Lina train leaving Savan nah yesterday afternoon, carrying the Savannah delegation of the Knights of Columbus to attend the unveiling of the monument to Christopher Colum bus in Washington, D. C., on June 8 At least 60 members of the local coun cil are making the trip. Twelve Augusta delegates left that city to join the Savannah party en route and participate in the ceremonies In Washington PATENTS AWARDED GEORGIANS. WASHINGTON. June 7.—Davis * Davis, Washington patent attorneys, report the grant this week to citizens of Georgia of the following patents J. D. Hlrsch, Savannah, game appara tus; H. M. Lopton. Atlanta, pneumatic water system for domestic purposes. W. I. Prater, Jasper, adjustable subsoil attachment; D. L. Thornton, Monroe, cotton chopper and cultivator; G. L. Williams, Americus, measuring ma chine, BUTLER BURGLARS ROB FOUR BUSINESS HOUSES BUTLER, GA., June 7.—Burglars en tered the stores of J. J. Windham, L E. Peterman * Co., I. F. Peebles <t Co., also the postoffice of this place and robbed the money drawers. The amounts obtained were small except that of Mr. Peebles, whose loss Is about S6O, besides a valuable gold watch, which he prized very highly, as ft was a gift from his mother. Entrance was obtained by prying the windows In the rear of the buildings. Mrs. J. H. MeCranie. Mrs. J. H. MeCranie, 25 years old, died at a prtvat“ sanitarium today after a short Illness. The remains will be taken to the family home at Har lem, Ga., tonight for funeral and in terment. Harry E. Spence. Harry E Bpvnce, a young man of this city, died at a private sanitarium late today The remains are at Bar clay <3- Brandon's awaiting funeral ar rangements. COTTON SEED OIL. Cotton seed ofl quotations: I Opening lCloain»__ Spot I . .. . . 14775(8'6 95 June 6 7536 93 6.8036 85 July 6.9406 97 ! 6.920'6.94 August 7 0607.10 j 7.0307.05 September .... I 2037.21 1 7.1137 13 October 7.1707.18 I 7 1037 11 November .... 6 7336.77 I 6.6806.75 December .... 6 6436.69 6.59 0 6.60 January I 6.6136 63 I 6.6336 65 i'!-»eed weak; sales 11.000 barrels NAVAL STORES. SAVANNAH June 7 Turpentine firm at 46; sales 150. receipts 969. Rosin firm, receipts 5,687; water while $7.40 0 7 55. window glass $7 4007.50. N $7-40 3 7 50. M $7 4037 46. K $7 4037 45, 1 $7 3537 45. H $7 350 7 40. G 17 303 7 40 F $7.3007.40. E $6 7n@6 85. D $6.4506.55, C R A $63 6 30 LIABILITIES. Capital stock paid In . $25.(190 nn Surplus fund . . . S.noo .;o Undivided profits, less current expenses. Interest and taxes paid 335.84 Individual deposits subject to check 36.558 45 Savings deposits 7 : Time certificates 882 10 Bills ravable. including t'me certiflca'es represent-ng bor- rowed money.. .. 15,000.00 Total $90,489 20 THE ATLANTA GEORGIAN AND NEWS. FRIDAY, JUNE 7, 1912 . COTTON HALLIES ; FROM BID START 1 3 Opens Lower on Disappointing Cables—Heavy Buying Fol > lows Unfavorable Report. i NEW YORK. June 7.—The cotton mar ket opened steady today with first prices 2 points higher to 2 points lower Cables , were not quite up to expectations and I Southern weather was such that bull op , erators had great difficulty in sustaining I the market. Shortly after the call the prices were bid up about 10 points. Futures and spot were quiet In Liv- 1 erpoqj While the opening was rather quiet, the buying after the call was aggressive and the advance was rapid. There was cover ing of shorts and some buying for long - account based on excessive rains in the eastern belt Those who bought early be came sellers at above 11.50 for October. The feeling about the floor Is that the ad vance came too quick, and the market Is now due for a reaction. At 2 o’clock the market was quiet with prices 4 to 7 points below the morning’s ton levels. In the last hour prices eased off on liquidation, due to prospects for clear ing weather in the eastern belt, the close being barely steady, June 2 points higher, and the balance 1 to 2 points lower than Thursday’s cmslng quotations. The world's visible supply of American cotton decreased during the week 180,654, against a decrease last year of 138,495 and a decrease of 131,912 the year before. Other kinds decreased this week 36.000, against a decreaoe last year of 33.000 and a decrease of 27.0500 the year before The total visible supply decreased this 216.654. against a decrease last year of 171,495 last year and a decrease of 158,912 the year before World's visible supply: r 1913 I 1911. I 1916. American .. . 2.545.130- 1.671.722' 1,707,541 Other kins 1,107.000 1,142,000 1,127,000 ~*Tota~l .. .~~~3,952,12bT~2.8137722 2,834,541 World’s spinners' takings: ~ : 19137“ I 1911. I 1910. American . ..! ' 228.0007 172.0001 2017000 Other kinds 2 5 ,°41, 000 10,653,000 9,759,000 Movement Into sight O’land, wbek.i 6,7581* d,793l 13,498 Since Sept T 2946,690 906.036 766.697 In sight, w’k.j 40.899: 34.2001 56,248 Since Sept. 1. 15,093,758 11,543,300: 9,994,542 So. con’s’p’t’nl __ 26.000' 26.0001 81.000 -Weekly interior movement: Receipts** .. / 237449 * 11.4031 15,250 Shipments .. 37,397 31.088; 32,223 Stocks I 27,034 159,826' 219,144 RANGE IN NEW YORK FUTURES. 11 i I ii| I S June 11.15 11 15 11.15 11.15111.10 -13 11.07-12 July 11 20 11.29 11.19 11.20'11.20-21 11.22-23 Aug; 111 28 11.35 11.26 11 26 11.26-28 11.27-29 Sept |U 40 11.40 11.40 11 40 11.33-35 11.35-37 Oct. 11.43 11.54:11 40 11.44 11.44-45 11.45-46 Nov. I 11.48-50 11.49-51 Dec. 11l 55 11.64 11 63 11 53 11.53-55 11.55-56 Jan 11 53 11.58 11 50 11.50 11.50-51 U. 52-53 Feb i .....| 11.54-56 11.56-58 Meh. 111.8411.70111 61111.63 11.61-62 11.63-64 May 11 69 11 77'11 66 11 66 11.66-68 11 68-70 Closed barely steady. Liverpool cables were due 7 to 8 points higher Opened firm at 6%®7% points advance At 12.15 p m was quiet, but steady at a net advance of 6% to 7 points. Spot cotton quiet at 9 points advance; middling. 6.45; sales. 5.000, Including 4,100 American; speculation and export, 500; Imports, 14.000, including. 13,100 Ameri can Tenders new docket, 1,000 bales. At the close the market was steady 9 to 944 points higher than the previous close RANGE IN LIVERPOOL FUTURES, Futures opened firm. Opening. Prey Range 8 PM. Close. Clese June . . . 6.2514-6.25 «.?5 6.27% 618 44 June-July 6 34',-6 34 634 6.27 618 July-Aug 6.26 -6.3644 5.34 44 62 9 6.20 Aug.-Sept 6.28 -6.2744 6.37 630 6.24 Sept.-Oct. 624 -6 23% 6.23 6.26 6.17 Oct.-Nov. 6.32 -6.2144 6.31 6.24 6.14 Nov-Dec. 6.20 44 - 620 . . . . 62 3 613 44 Dec.-Jan 8.20 6.1744 6.3244 6.13 Jan.-Feb 620 -6.1944 618 6.2244 6.13 Feb Meh 631 -6 20% 621 6 23% 614 Meh.-Apr. 6.22 - 6.21 44 62 0 624 44 6.15 Apr-May . 6.25 6.15% Closed steady. HAYWARD & CLARK’S DAILY COTTON LETTER NEW ORLEANS. June 7.—English con sols show a further decline s>f 3-16 d. Liverpool came In disappointing, with fu tures about 3 points lower than due. and spot sales small; total 5.000 bales at 9 points higher. The market, however. Immediately followed this morning's ad vance in New York and closed 9 points higher on the day. Notwithstanding the poor response of Liverpool, the market opened a few points higher, and advanced rapidly to 11.65 for October The advance was based al together on the strength in New York, fear of a further push there, causing a scarcity of sellers; also in anticipation of bullish comparisons of mill takings In this afternoon s statement The market eased somewhat in the sec ond hour on the forecast of showers for northwest Texas and Oklahoma, but trad ing is small. The strength shown by the bull element In New York has scared the outside trading to such an extent that sellers are very scarce Shorts have been forced to cover and the technical situation Is such that long liquidation Is accomplished without having an ad verse effect Toward the close yesterday realizing by a small long line caused a drop of 5 points. RANGE IN NEW ORLEANS FUTURES. | C I j; k I- ■ I J ► s | l|| i|’S| 3 Is June ’.*.....'. ...I 1... 7'11.83* Julv 11 91 11 99 11 86 11 86 11 85 8741 89-90 Aug . .. . Il 54-5641.57-59 Sept ■ . 11 54-56 11.57-59 I Ort 11 57 11 65'11.51 11 51 11,51-52 11 54-55 Nov . 11.52-54 11.55-56 Dee. 11 59'11 60 p SMI 55 11.55-56 11 56-57 1 Jan 11 6R 11 71 11 62 11 62 11.60 61 11 60-61 | Feb 11 61 6$ 11 62-63 Vrb U (Closed steady SPOT COTTON MARKET. Atlanta, steady; middling 11V4. New York, steady, middling 1165. New Orleans, firm, middling U’r. Liverpool, firm; middling 6 45d. Savannah, steady, middling l Augusta, quiet, middling 12c. Mobile steady, middling IDi B Galveston, steady, middling 11 11-16. Norfolk, steadx . middling 11% Wilmington, nominal Little Rock, quiet noddling 11 hz Charleston, nominal, middling 11%. Philadelphia, quiet, middling 11 90. Boston, quiet; middling 11.65 Baltimore, nominal, middling 11% Memphis, strath . middling 12r St l ouis, quiet; middling 11% Houston, steady; middling 117-16. ) F PtRT RECEIPTS. t i The following table shows receipts at the ports today compared with the same I day last >ear: jI. . I" i Jgj Rew n . Galveston 615 7 Mobile 105 Savannah ..... 1.3° 1 470 , 01 Charleston. .... 22 5’2 ! Wilmington 3 15 , Norfolk 304 ! 66 ' Baltimore .... 4F-4 450 ! New York. .... .. . , ;■ 2 ! F> ston . . 78 I Brunswick 92 i s'ar ■ is 136 Total. 7T7 .. . 3,167 | 4,336 June July Aug. Sept Oct. Nov. Dec. Jan Feb Meh. May r NEWS AND GOSSIP j Os the Fleecy Staple | • From Hayward & Clark.) NEW YORK, June 7 —Carpenter, Bag got & Co.: Riordan, Gwathmey and Wa ters were best buyers at 10:20 a. m. Seems to he little cotton for sale. Look for further short covering Excessive rains in eastern belt causing the advance. Anticipate a setback, so that It would seem conservative to liquidate any long cotton and buy on declines We strongly favor the bull side, and would rather work on the long side until more is known of this crop. Our advices are very dis couraging. Dallas, Texas, wires: Texas generally clear and pleasant. Oklahoma cloudy and ■cool. Following are 11 a. m. blds: July. 12.24; October, 11,47; December, 11.56; January, 11 53, Warehouse stocks in New York Friday, 139,729; certificated, 116,956. NEW ORLEANS, June 7-Hayward * Clark: The weather map shows fair in south and central Texas. Arkansas, north Louisiana; cloudy In north Texas. Okla homa, the lower central states and At lantlcs. Light rains in north Texas; mod erate rains In the central states except heavy in the coast districts. General heavy rains in the Atlantics. Indications are for generally fair weather in the belt, except possibly some showers in northwest Texas and Florida. San Antonio, Texas, wires; Recent showery weather resulting In many re ports of the early appearance of insects. Numerous complaints of damage by grasshoppers 801 l worms also putting in appearance. Most serious reports are weevils. These pests are now working on early cotton in this immediate vicin ity. A reliable planter with fifteen hun dred acres of the earliest cotton In the county surprised all cotton people here today by producing stalks showing nearly all bolls, which are still small, to have been punctured, and many contained grub. Impossible yet to state the extent of the weevil appearance, as most cotton Is too small for their activity. New Orleans Tlmes-Democrat: While some of the talent place the responsibil ity for yesterday’s advance on the weath er, the weather probably had nothing whatever to do with it. As a matter of fact, the weather continued favorable, but the volume of spot business was lim ited absolutely to tne offerings. Almost without exception there Is a period of good weather sometime during the spring This year during an unbroken period of four months the weather was as bad as it cotild have been, and when clear skies came early in May shorts soon felt so good over the contrast that they encour aged themselves to believe a monster crop in 1912 was assured Dominated by this Influence, others sold contracts, thereby adding to the existing short interest, which, at the beginning of May, was large enough for all practical purposes. The outstanding long hedges, against for ward commitments, sold as far ahead as 1920, held old shorts In line. All along the short consoled himself with the hope that the crop would Improve rapidly enough to bring a rescue, and satisfied hfs friends and followers by exploiting the charge that New York bull manipu lators holding the market In the hope of getting out without loss. INTERIOR MOVEMENT. \ ~ r 19i»- I 1911. ~ Houston 724 44 Augusta 46 Memphis. . ... . , 1,132 368 St. Louis 149 176 Cincinnati 1,458 324 Little Rock 20 Total 37509 L 023 COTTON MARKET OPINIONS. Thompson, Towle & Co.: Higher prices are likely. Rallev * Montgomery: Prefer to be governed almost wholly by the weather. Rothschild & Co ; We still favor pur chases* on reactions. Orvis Bros.: We favor sales on firm periods. _ „ Stemberger, Sinn & Co.: Cotton will go much higher. | THE WEATHER ‘ CONDITIONS. WASHINGTON, June 7.—With the ex ception of showers in the south Atlantic and east Gulf states, the weather will be generally fair tonight, and Saturday in the region east of the Mississippi river. Cooler weather will continue over the eastern half of the country during the next thirty-six hours. Light frosts are probable tonight in northern Michigan, northern New Y'ork and New England. GENERAL FORECAST, Following is the forecast until 7 p. m. Saturday: Georgia-Showers tonight; Saturday unsettled. probably showers In the south ern portion. Virginia— Generally fair, except show ers in the extreme southeast portion to night or Saturday. North Carolina —Cloudy; probably showers tonight and in the eastern por tion Saturday. South Carolina —Showers tonight and probably Saturday. Florida—Showers tonight; Saturday un settled. probably showers In the penin sula Alabama —Cloudy tonight: probably showers tn the southern portion; Satur day fair. Mississippi—Cloudy tonight; Saturday fair Louisiana -Fair and a little cooler to night and Saturday. Arkansas—Fair tonight and Saturday. Oklahoma and West Texas -Showers tonight or Saturday, East Texas—Fair, except showers In the northwest Saturday; cooler in .the south. DAILY WEATHER REPORT. ATLANTA, GA., Friday, June 7. 1912: Lowest temperature 1... 66 Highest temperature 78 Mean temperature 72 Normal temperature 74 Rainfall 1n past 34 hours. Inches 2.55 Excess since Ist of month. Inches.... 2.55 Excess,since January 1, Inches 11.82 REPORTS FROM VARIOUS STATIONS. ‘Temperature R’fall Stations Weath. 7 Max 24 f a m. y day. Ihours. Augusta Raining 68 | .. 2.26 Atlanta ... Raining 66 I 78 .... Atlantic City. Cloudy 58 70 .... Anniston ... Cloudy 70 82 .84 « Boston Ft. cldy.j 60 ' 72 .24 Buffalo Clear 54 i 64 .04 Charleston ... Raining 74 84 2.68 Chicago . .... Clear 52 ! 66 .... Denver Cloudy* 50 58 .... I>es Moines. Clear 52 68 .... Duluth . Clear 54 60 •• • Eastport .. Clear 52 56 .40 Galveston ... Clear 76 88 .... Helena Clear 46 66 .... Houston 'Clear 74 .... Huron Cloudy 46 64 ••••- Jacksonville ..Cloudy 76 82 .8(r Kansas City Clear 56 72 I .. . . Knoxville Cloudy 64 86 .26 Louisville Clear 58 82 Macon Raining 68 <8 | 2.42 Memphis ... Clear 66 84 .... Meridian . Cloudy 70 .40 Mobile Raining 72 76 1.44 Miami. . Cloudy 70 84 .12 Montgomery Cloudy 70 78 .30 Moorhead <’lear 46 66 ... New Orleans. Cloudy 74 78 .16 New York Cloudy 58 66 .4** North I‘latte. Cloddy 50 54 .06 Oklahoma . Cloudy 60 76 , .... Palestine . Clear 70 90 .. . . Pittsburg . Clear 52 73 .01 p land , l't cldy 68 92 .01 San Franrisro Chmdy 56 60 . .. . St Louis Clear 58 ‘ 72 .... St Patil Clear 48 64 .... !s l ake City Pt ckiy 70 90 1 1 18 Savannah . Raining 72 .. 58 Washington . Cloud) 59 $9 j v<Tn"HERRMANN. Section Director, METAL MARKET. NEW YGRK, June 7 Trading in the metal market was quiet today with the tore generally stead) Qurtatlnns. Copper, spot to September 15 59 'i |,’ 25 lead 1 1 20 H i ;»0: spelter, Sfi 99 fi 7 00. tin $47 CANADIAN PACIFIC TAKESBIGSLIINIP Number of Other Issues Af fected Adversely by Decline. Stocks Heavy. By CHARLES W. STORM. NEW Y'ORK, June 7.—Canadian Pacific I scored the biggest movement at the open- I ing of the stock market today, declining: to This downward activity was ' largely due to the liquidation, which took place in Canadian Pacific in the London market before the local exchange opened A lower level was established in a num ber of stocks at the outset, although traders could alight upon anything in the overnight news to call for depression. Erie common yielded 1 point, going to 34%, while Missouri Pacific sustained the same amount of loss, declining to 37. Union Pacific and Lehigh Valley were sold, losing % as a result. After fifteen minutes of trading sev eral issues rallied. Lehigh was one of these, gaining % above the amount of its early decline. The market tone was steady. United States Steel opened % lower, but later rallied. Amalgamated Copper, which was notable for Its strength yes terday, sold off a point, but later showed some recuperative power. The curb was dull. Americans in I.ondon were firm. The tone in the late forenoon was steady and a number of important rail roads and Industrials made substantial gains. Ix>hfgh Valley and Canadian Pa cific moved up more thaji a point each. There was a shade of falling off In demand in the last hour and price move ments in nearly jail the important is sues moved to IcAver levels. There was some show of strength In the specialties. 0 Beet Sugar advanced to 74, a gain of T! points for the day. Liggett & Myers' Tobacco was also strong, making a fur ther gain of 2 points and going to 204, against 195 at the close of Thursday’s business. The market closed steady. Govern ment .bonds unchanged. Other bonds steady. Stock quotations: I ILastlClos Prev BTOCK3 HlghlLow.lSaie.l Bid. Cl'»a Amal. Copper. 87%: 86% ; 86%: 86%. 87% Am. Ice Seo.. 36%: 26U| 26%l 26% 26% Am. Sug. Ref. 130% 129%130% 128%'129% Am. Smelting 86%l 85%: 86 86 86% Am. Locomo... 42%l 42%l 42% 42%i 42% Am. Car Fdy.. 59%; 59% 59% 59% 59% Am. Cot. Oil.. 54% 54 54 53% 54 Am. Woolen .. .... 28 i 28% Anaconda .... 44% 44% 44% 44% 44% Atchison 107%:107% 107% 107% 107% A. C. I. 141 141 141 140% 141% Am. Can 37 36% 36% 36% 37% do. pref ..118 118 118 118 118 Am. Beet Sug. 74% 71% 74 74 71% Am. T. and T. 145% 145% 145% 145% 145% Am. Agrlcul 61% 61% Beth. Steel .. . 37% 37 37 37 37V* B. R. T 90 88% 89% 89% 88% B. and 0 109 108 108% 108% 109 Can. Pacific .. 265% 263% 264% 265 266% Com Products 15% i 15% xC. and O. ... 78 77% 77% 77% 79% Consol. Gas ..142 142 142 141%T42% Cen. Leather 25 : 25 Colo. F. and I. 29 28% 28% 28% 28% Colo. South 39 39 D. and H 167% 167% Den. and R. G. 20% 20% 20% 20% 20% Distil. Secur... 32% 32% 32% 32% 82% Erie 35 34% 34% 34% 35% do, pref. .. 52% 52% 52% 52% 53% Gen. Electric . 169% 169% 169% 169% 169% Goldfield Cons. 4% 4% 4% 4% 4% G. Western .. 17% 17% 17% 17% 17% G North., pfd. 134% 134 134 134 134% G. North. Ore 42% 42 42 42 42% Int. Harvester 120% 121% 111. Central 126% 126% Interboro 20% 20 20%: 20% 20% do, pref. .. 59 58% 58%; 59 58% lowa Central 11 11 K. C. South... 24% 24% 24% f 24 24% K. and T 28% 281, 28% 28 28% do, pref. .. 60% 60%: 60% 60 60 L. Valley. . . 176 175 ;175 175 175% L. and N.. . . 159% 158% 1158% 158%i150% Mo, Pacific . . 38% 37%' 37% 37% 37% N. Y. Ventral 120 119% 119% 119% 119% Northwest : ....136% 137 Nat. Lead ,xx 58% 57%' 57% 57% 58% N and W., . .111% 111% 111% 111 112 No. Pacific . . 120% 120 120 120 120% O. and W 37% 37% Penn 124 123% 123% 123% 124% Pacific Mai) . 33% 33% 33% 33 33% P. Gas Co. . . 115? i 115 115 115 115% P. Steel Car 35V* Reading . . , 172% 171% 171% 171% 172 Rock Island 25%l 25%' 25% 25% 23% do. pfd.. . . 51%i 51%; 51% 5i | 52% R. I. and Steel .... .... .... 24%' 24% do. pfd I ... J .... 79%! 79% So. Pacific. . . 110% 1110%|110% 110%>110% So. Railway. . 28%! 28% 28% 28% 28% do. pfd.. . . 74% 74% 74%; 74% 74 St. Paul. . . . 10512 105 105%'105% 105% Tenn. Copper . 44% 44% 44%: 44% 44% Texas Pacific - 23 23% Third Avenue 39% 39% 39% 39 ; 39% Union Pacific 170% 169% 170% 170% 170% U. S. Rilbber 63% 63% Utah Copperxx 64% 64% 64% 64% 65% U. S. Steel. . 70% 69% 70% 70 70% do. pfd.. . .111% 111 111% 110% 111 V. Chem, . 51 51 51 50% 51% West. Union . 83% 83 83% S 3 83% Wabash .... 7% 7%. 7%l 7% 7% do. pfd.. . . 18% 18%. 18% 18% 18% West. Elec. . . 73 73 | 73 \ 72 72% Wis. Central . I I .... 51% 51% Maryland ._ 58% 58% 58> *_ 58% 58% Total sales, 294,500 shares x-Ex-divi dend IV* per cent. xx-Ex-divldend % of 1 per cent. MINING STOCKS. BOSTON, June 7.—Opening: Lake Cop per. 33: Calumet and Arizona. 73%, ex dividend; Wolvertine, 114; Shannon. 15%; Smelter preferred, 49j North Butte. 31%. local stocks and bonds. Atlanta * West Point R. R... 148 American National Bank .... $96 Atlantic Coal & Ice common. 104 105 Atlantic Coal * Ice pref 9I Atlanta Brewing & Ice C 0... 176 Atlanta National Bank ....326 Central Bank & Trust Corp jjj Exposition Cotton Mills Fourth National Bank 245 250 Fulton National Bank 125 130 Ga Rv- & Elec stamped., . 124 12« Ga Rv * Pow. Co., common 27 39 do. Ist pfd 80 85 do. 2d pfd. .. 42 44 Hillver Trust Company 125 Lowry National Rank 248 259 Realty Trust Company mg I]o Sixth Ward Rank 99% lc; Southern Ice common 71 -jjt. Third National Rank. new.. 205 210 Trust Co. of Georgia 225 235 Travelers Bank & Trust Co.. 125 128 BONDS. Atlanta Gas Light Istl9l % 195 Georg'a State 4%5. 1915 .... lot 10J Georg a Midland Ist 3s so Ga. Rv * Eler Co 5s lot Ga Rv & Elec ref 5s 99 99% Atlanta Consolidated 5s 102% . Atlanta City 3%5. I’3l 91 92% Atlanta City 4%5, 1921 193 193 Southam Bell 5s 99% 9*44 BUTTER. POULTRY AND EGGS. NEW YORK. June 7.--Dressed poultry I quiet; turkeys chickens fcwls I’o 'tIT. ducks 13 >7 21. geese iVulfi. | Live poultry steady, fowls asked, turkeys 12 asked, roosters 9 asked, ducks' 12 asked, geese 9 asked Butter easier; creamery specials 27’?''/ t 27L. creamery extras 27. state dairy Hubs) 2?’h27, process specials 25^‘25 L 2 • Eggs tirm; nearby white fancy i nearbv brown fancy extra firsts yi’ 2 '(7 22. firsts For your convenience. Want Ads will I be taken over the telephone and bill will ; be sent at explratinn of ed. No matter i what you want or have to sell, a Georgian ' Want Xd will do the work, thus saving ■ you time and money. [ATLANTA MARKETS |' EGGS—Fresh country candled, 17®J Bc. BUTTER—Jersey and creamery, m 11b. blocks, 20i*»@25c; fresh country dull, 10 @l2’4c per pound. DRESSED POULTRY—Drawn, bead an* feet on, per pound. Hens. 16@17c; frtes, 25® 27c. Roosters, ?@loc. Turkeys, ow ing to fatness, 18®20c. LIVE POULTRY—Hens. 40@45c: roost ers, 25@35c; fries, 30@50c; broilers, 20@ 25c; puddle ducks, 25@30c; Pekin ducks, 40(9 45c; geese, 50@60c eacn; turkeys, ow ing to fatness, 14®15c. fruits and produck* fruit AND VEGETABLES -Lemons, fancy, $4.50®5.00 per box. Florida $3 00@3.50 per nox Bananas, i? aa - per P°und. Grape fruit, $5.00@ KOO per crate. Cabbage. l^ per pound. I Florida cabbage, $2'g2.50 per crate. Pea -1 n . ul ®- P er pound, fanev Virginia, 6V 2 £)7c: i tiaa?’ sH@6c. Beans, round green per crate. Florida celery, .00(52.50 per crate. Squash, yellow, pet six-basket crates. $1.25@1.50; lettuce, fancy, $125(3150; choice, pet crave 'Beets, 43.00@3.50 per barrel Cu cumbers, $1.25*31.50 per crate. English Peas, per drum. $1.0031.25. New Irish po tatoes per barrel. $4.0034.50 per barrel. Strawberries, 7@lor per quart. Egg plants, $2.00!?i2.50 per crate. Pep per, $1 75@2.00 per crate Tomatoes, fancy, six-basket crates, $2 00'5 2.50 S?2L^« t o inatoeß ’ SL7S@ZOO Pineapples, per crate. Onions, $2.00'52.50 bushel. Sweet potatoes, p yam, SI.OO Il per bushel. Watermelons, slo.oo@ to Canteloupes, per crate, * J-00® 2.50. PROVISION MARKET. (Corrected by White Provision Ce. I . .Cornfield hams, 10 to 12 lbs. average, 16%C. ~~° r nfield hams. 12 to 14 lbs. average lb *4 c. , Cornfield skinned bams, 16 to 11 lbs., 11 ?fcc. , Cornfield picnic hams. 8 tb « lbs. aver- 12 *Ac. Cornfield breakfast bacon, 23c. .„9 rocer style bacon (wide or narrow). In %c. Cornfield fresh pork sausage (link ot bulk), 20-lb. buckets, 12c. Cornfield frankfurters. 10-lb. buckets, age. 10c. Cornfield bologna sausage, 2b-tl». boxes, 9c. Cornfield luncheon hams. 25-lb. boxes, 11c. Cornfield spiced jellied meats In 10-lb. dinner pails, 10c. Cornfield smoked link sausage, 25-lb. boxes. 9c Cornfield smoked link sausage In pickle. 50-lb. cans, $4.25. Cornfield frankfurters in pickle, 15-lb, kits. $1.60 Cornfield pickled cigs feet. 15-lb. kit* 11.00 Cornfield pure lard ftferce basis), 12c. Country style cure lard, 50 lb. tins only, ll%e. Compound lard (tierce basis), 10c. D. S. extra ribs, ll%c. D 8. rib bellies, medium average, 11 %c. D. 8. 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 patent), $5.50; Tulip flour. $4.50; White C’.oud (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. $115; No 2. white, $1.07; cracked. $1.05; yellow, $1.05; mixed. SI.OB. MEAL—Plain 144-lb. sacks, $1 02; 96-lb. 144-lb. sacks, $1.01; 96-lb. sacks, $1.02; sacks. $1.03; 48-lb. sacks, $1.05; 24-lb sacks. $1.07 OATS —Fancy white clipped, 72c; fancy white, 71c; mixed. 69c. COTTON SEED MEAL—Harper. $29. COTTON SEED HULLS—Squar* sacks. $9 50 per ton. SEEDS (Sacked)—German millet $1 65; cane seed, amber, $1.65; cane seed, orange, $1.40; Wheat (Tennessee), blue stem. $1 40: red top cane seed. $1.35: rye (Georgia), $1.35; Appier oats. 85c; red rust proof oats. 72c: Burt oats, 75c: Texas rust proof oats, 70c; winter graz ing. 70c; Oklahoma rust proof, 50c; blue seed oats, 50c. HAY—Per hundredweight: Timothy, choice large bales, $1.85; Timothy, choice third bales. $1.60; Timothy No. 1. small bales. $1.80; new alfalfa, choice, $1.65; Timothy No. 2, $1.70; Timothy No. 1 Mo ver, mixed. $1.75; clover hay, $1.50: alfal fa hay, choice, $1.50: alfalfa No. 1, $1.70: fdfalfa No 2, $1.25; peavine hav, $1.20; shucks 70c; wheat straw, 80c; Bermuda hay. SI.OO. FEEDSTUFF. SHORTS -Halllaay white, 100-lb. snrkn $1.90: fancy, 751 b. sacks, $’ 85: P W 75-Ib. sacks, $1.80; Brown, 100-!b. sacks $1,75; Georgia feed, 75-lb. sacks, $1.75; bran, 75-lb. sacks. $1.65; )00-lh. sacks, . $1.60; Homcoline. $1.75; Germ meal lln m - \ co. $1.75; sugar beet pulp, 100-lb. sacks. $1.55; 75-lb. sacks. $1.55. CHICKEN FEED- Beef scraps, 50- pound sacks, $3.50; 100-poimd sacks, $3.25; Purina scratch, dozen pound packages, $2.35; Purina pigeon feed, $2.35;. Purina baby chick, $2.30; Pu rina chowder, dozen pound packages, $2.20; Purina Chowder, 100-lu. sacks. $2.15; Purina scratch. 100-lb. sacks, $2.15; Suc cess baby chick. $2.10; Eggs, $2.20; Vic tory baby chick, $2.30; Victory scratch, 60-lb sacks. $2.25; Victory scratch, 100- lb saqks, $2.15; Chicken Success baby chick. $2 10; wheat, 2-bushel bags, per 1 bushel, $1 40: Rooster chicken feed, 50-lb. sacks, $1: oystershell. 80c. GROUND FEED—Purina feed. 175-ib. sacks. $2 00; Purina molasses feed, $195; Monogram, 100-lb sacks, $1.70; Victory horse feed, 100-lb. sacks, $1.90; Milko : No. 1. mixed, $1.80; No. 2, $1.75; alfalfa : molasses meal. $1.85. GROCERIES. SUGAR—Per pound, standard granu lated. 5%c; New York refined, 5%c; plan tation. 6c. COFFEE Roasted (Arbuckle's), $24 25; AAAA, sl4 50 In bulk; In bags and bar rels, $2.10; green. 19c. RlCE—Head. 4%@5%c: fancy head, 5% ©6Uc. 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 1 38c. axle grease. $1.75; snda craraors. 7%c: 1 per pound; lemon crackers, he; oyster. tomatoes (2 pounds). $2 case. I 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 T>ee salmon, $7.50; cocoa. 38c; roast beef^s3 SO; syrup. 30c per gallon Sterling . brill potash, $3 30 per case. soap. $1.50©4 I rec case, Rumford baking powder. $2 59 ' per case. . SALT—One hundred pounds. 49c; salt ! brick (plAln). per case. .'2 25; salt brick medicated!, per case. $4 85. salt, red rock, per cwt.. $1 DO; salt white rock. 90c; 50- nound sacks, s29c; 25-lb. sacks. 18c. F’SH. FISH--Bream and perch. 6c per pound; mapper, 9c per pound; trout. 10c per ' pound: bluefish. 7c per pound; pompano. I 20c per pound. mackerel, 15c per 1 pound; mixed fish. 6e per pound, black : bass. 10c per pound; mullet, $llOO per barrel. 1 HARDWARE. PLOWSTOCKS Halman. 95c; Fergu •on. $1 05. AXLES- $4 75@7 per dozen, base. SHOT $2 25 per sack SHOES Horse. $4 5004.75 per keg j LEAD Rar. 7%c per pound NAILS Wire. $2 65. base. IRON-H’er pound. 3e has»; Swede «%* NEW YORK COFFEE MARKET. | Coffee quotations: I _Openlng i Closing I ( January . . . .1.7.73'1/ 1.1 80 1.1760 77 ! i February 13 66 13.76® 13.77 ' ! March 13 7?®12 «n 13 7f,0 [3 so - April 113 74 ft 13.80 13 SO'ft 13 81 i May 13.77 13 80-ft l;j g) t ' ■Hme 13 43013 46 1; Ju!)’ 13.44 13 490 13 50 ■ August 13 55013.65'13.5701.3 59 I ' September 13.67 13.660 13 67 : f October. . . . .13 12 71 1 \ November 13 To.ftl.l 75 13 72013 : 7 . December 13.75 13 76ft 13.77 j L Closed steady. Sales, 86,000 bags? i ALL CEMLS OP ATCLOIiINGIIOLIR Wheat Leads With Advance of More Than One Cent—Pro visions Lower. ST. LOUIS CASH QUOTATIONS. Wheat—No. 2 red Corn 76(a) 77 Oats CHICAGO, June 7.—Smaller receipts of wheat in the Northwest and lighter Ar gentine shipments, together with higher markets abroad and a good demand for cargoes, were the strengthening influ ences in wheat this morning, prices rul ing is to %c better. Offerings in the pit were small. Rains were reported in many sections of Kansas and Nebraska. Corn was up about on buying by shorts, small offerings in the pit and the excellent cash demand that has prevailed for several days. Oats were s 8 to higher and firm, with shorts buying. While the hog market was 5c higher at the yards, provisions were barely sus tained. The wheat market closed at advances of for the day. During the last half of the session brokers acting for the Armour grain company attempted to buy some July wheat, and this was a sig nal for the entire trade to take the buy ing side and prices displayed consider able strength in consequence. The offer ings seemed to dry up on the improved buying Corn closed higher, more be- cause of the light offerings than of anv urgency in the demand. Oats were ’A(Q%c higher, with shorts good buyers. Hog products were fractionally lower all around. CHICAGO GRAIN MARKET. wheat-’ H ’ Bh ' Low c,o ” ! CIOSK July 1.09 1.10% 1.09 1.10% 1 08% Spt. 1.05% 1.06% 1.05% 1.05% 1.04% D^ox- S3s s’til 5 ’ til 1051 '4 July 74% 74% 74% 74% 74% Sept. 72% 73% 72% 73 73% • ATS- 6314 63 63 July 50% 51% 50% 51% 50% nl Pt ' J l ,' 4 I?** 41 '* 41 ’’ PORK-* 42U . 42% 42Vi e ly IHa ,S ' Bo 18 ' 85 18 - 65 Spt 13 ' 00 1885 18-87% 18.90 AR D Jly 10.95 10.97% 10.90 10.90 10 95 Spt 11.12% 11.20 11.10 11.10 11 12% °nrL> 1 -' 1125 11.17% 11.17% 11.22% iv I Bb— oG J 2 52 l°- 521 4 10-45 10.45 10.50 Spt 10.67% 10.67% 10.62% 10.62% 10.65 CHICAGO CASH QUOTATIONS. CHICAGO, June 7.—Wheat—No. 2 red »1.U%®1.13. No. 3 red $1.09@1.11% No 2 hard winler $1,100'112, No. 3 hard win- in ’ ‘' >o - 1 Northern sprinß ?l-18@1.20, No. 2 Northern spring $1.14®) 1.11. Xo. 3 spring $1.0901.16. 2 "5'4076%. No. 2 White 79%®50%, No. 3 yellow 76%@77%, No. 3 74%®T5%, No. 3 white 79%@80, No 3 vel low 76@76%, No. 4 71@74%, No. 4 white No. 4 yellot) 71®75. Nn 2 55056. No. 3 54055, No 4 53®04%, standard 54%@55%. PRIMARY MOVEMENT. "WHEAT- I 1912 j Bli * Aecelpts * •. .1 222.000 '] 309 000“ Shipments 329,000 291 000 ■ CORN—” ——————— — Recel pts 1.083.000 9587000“ Shipments 44 4,000 580,000 CHICAGO CAR LOTS. Following are receipts for Friday and estimated receipts for Saturday: Wheat 14 «.“* Corn 52 440 Oats 121 106 Hogs 15,000 3,000 LIVERPOOL GRAIN MARKET. Wheat opened unchanged to %d higher; at 1:30 p. m. was %d to %d higher. Closed %d to Id higher. Corn opened unchanged: at 1:30 p. m. was %d to %d lower. Closed unchanged. NEW YORK GROCERIES. NEW YORK, June 7.—Coffee steady; No. 7 Rio spot 14% asked. Rice firm; domestic ordinary to prime 4%@5%. Mo lasses quiet; New Orleans open kettle 35 @45. Sugar raw steady; centrifugal 3.92, muscovado 3.42, molasses sugar 317. re fined steady: standard granulated 5 35, 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. Cheese steady; whole milk specials 13% 0 14. whole milk fancy 13% bld. skims specials 1.10 11%, skims fine 9%@J0%, full skims 7@7%. 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 @6 50. good steers. 800 to 1.000, 5 50@6 00- medium to good steers. 700 to 850. 5 00® 5 50, good to choice beef cows, 800 to 900 4 5005.00; medium to good beef cows 700 to 800, 4 250 4 75; good to choice heifers 750 to 850. 4.2505.25; medium to good heifers, 650 to 750, 3.75@4.50. The above represent ruling prices ot good' quality of beef cattle. Inferior grades and dairy types selling to w#r Mixed common steers, if fat, 700 to 800 4 2504 75; mixed common cows. If fat finft to 800. 4.0004.25; mixed common bunches to fair. 600 to Soo, 2.7503.50; good butch er bulls. 3.2504 00. Prime hogs. 100 t n 200 average 7 40© 7.60; good butcher hogs. 140 to 160, 7 20® 7 40; good butcher pigs. 100 to 7 25. light pigs, so IO 100. 5 5006c;'heavy rough hogs. 200 to 250 . 6.50 07c. Above quotations apply, to corn-fed hogs Mast and peanut fattened hogs. 1© l%c and under. LIVE STOCK MARKET. CHICAGO. June 7- Hogs: Receipts 15.000 Market 5c higher. Mixed and butchers. $7 100 7.65; good heavy, $7 500) 7.67; rough heav). $7 1007 49; light $7 05 0 7.66; pigs. $5 1507 99. hulk. $7 500 6 0!) Cattle Receipts 690 Market stradv. Beeves. $6.0009.30; cows and heifers, $2 50 08.10; stockers and feeders. $5.000-6.75; Texans. $6 500 8 10; calves. $7 50 09 00 Sheep Receipts 7.000 Market strong. Native and Western, $4.7505.40; lambs, $5.600 8.65. NEW YORK PRODUCE MARKET. , ‘Y EV L 7 "’’loat firm: 1■ 1 : spot. No. 2 re<l. $1 Jl', in elevator; $1 21% f p h. Corn steady. No. 2 in elevator, nominal; ex port No, 2 83 -.1 f o b.; steamer, nominal; *■ hbimnal <>at,; firm; natural white. 60%-'' 62'-. whße Clipped, 611,0641 s ]’-. n H'lifi: No 2. nominal, f o. b" New York. Harley firm, malting, si lo®! 15 P j f, Buffalo. Hay stead) . good to prime. 1 60, poor to fair. $1 1501 45 Flour qme». spring patents. $5.500 5 60: stta-ghts. ssf)o®s.so lears. $18505 10; p r { ♦ r r>t. $5 90'c ’o. straights, 4-’i ch ars. f fi’-m fan’ll'. , IS 50 Pork firn' m . S2O steady , city stea tn. ' “io% 10%. m .Idle Meet spot. sllOs .bid) Tai low stead). . Ity, in hogsheads. 6%. nom inal; country, in tierces, 5%©6%.