Newspaper Page Text
17
THE ATLANTA GEORGIAN AND NEWS. WEDNESDAY. APRIL 1G. 1913.
Real Estate For Sale.
S" ARP 6 B
OALSTON
POULTRY FARM.
\VK HAVE in one of the nicest
Miburhs of the city an ideal
home of ten rooms with all city
improvements, that lias been op
erated as a poultry farm for
some time. The flock has out
grown owner's lot. which is 123
feet by •">73. He is anxious to
move to his farm, and wants to
,eli this place at once. This is
oily two and a half blocks from
■nr line, and equipped with mod-
■ cii poultry runs, duck runs and
hiir barn. We have a very at
tractive price on this property,
ud can make some terms.
STREET CAR FRONT
AGE FOR SALE.
rt 'ST OUTSIDE of the-city lim
its we have 1200 feet of street
car frontage that is ideal for
subdivision. There is a bunch
of money to he made on this
piece of property.
Come in and let us talk to you
about this.
LIVE STOCK MARKET.
CHICAGO, April 16.—llogs—Receipts
2K.OOO. Market 5c and 10c lower. Mixed
and butchers $8.65@9.10, good heavy
« .80® 9 06, rough heavy $8.55® 8.70. light
*8.75@9.10, pigs $6.90@8.50, bulk $8.90@
9.05.
Cattle—Receipts 17,000. Market 10c
lower. Beeves $7.50@9.10, cows and
heifers $.1.50fa8.70, Stockers and feeders
$6.50@8.25, Texans $6.90@8.40, calves
$6.50(3) 8.25.
Sheep—Receipts 15.000. Market steady.
Native and Western $5.76@7.30, lambs
$8.75@9.26.
Real Estate For Sale.
Freight Rates inU. S.
Cheapest in World
Interesting Comparison by Legal Ex
pert of the Pennsylvania
Railway System.
NKW YORK, April 16.—The United
States has the most efficient railway
system of any country in the world,
according to George Stuart Patti--
son, General Solicitor of the Penn* |
sylvania Railroad Company.
"It carries freight cheaper and pro
vides a more satisfactory service :o
the public than any country in th
world,” he says.
”\\e do our work upon less capital.
The railroad capitalization per mile
of road of the principal nations of
the world is as follows:
United Kingdom (1911) $275,156
France (1910) 144.683
Prussia-Hesse (1910) 112,427
United States (1910) 62,657
"We do more work upon our capi
tal. This is shown in these figures
giving tons hauled per mile of
line by the leading companies. (Eng
land not being given because suen
figures are not compiled there):
France 496,939
Germany 827,400
United States 1,071,086
“We pay our .railway labor better
than any country in the world. The
following table shows the average
daily compensation of railway em
ployees:
United States $2.23
United Kingdom L.35
Austria 89
Prussia-Hesse SI
"The English Board of Trade's of
ficial reports show our cost of living
(based on the cost of the standard
consumption of a typical workman’s
family) as being 38 per cent higher
than in the United Kingdom, yet in
pay our railway labor receives 60 per
cent better wages.
"The cost of living in the Uniteo
States is 17.8 per cent higher than
in Germany, yet we rvty our railway
labor nearly three times as much as
is paid in Germany, under govern
ment ownership.”
18 EKJOf LIFE
COTTON GOSSIP
If you have anything to sell adver
tise in The Sunday American. Lar
gest circulation of any Sunday news
paper in the South.
Real Estate For Sale.
Fourteenth Street Home
Strictly modern 9-room residence, absolutely up to the
minute. Beautiful Hardwood floors, Mahogany man
tels, Artistic Electric Fixtures, furnace beat, servant's
room, cement driveway and garage. In fact, everything
and a large lot thrown in. Am forced to sell, therefore
offer my home $2,000 under market. Will make easy
terms. Phone Owner, Ivy 3522.
MONEY
WE HAVE ample connections whereby wc can make loans on
desirable real estate in the city. Anyone wishing to have
a loan made quickly will please see us. We can place the ap
plication without any unnecessary delay.
Ralph O. Cochran Company
74-76 Peachtree Street.
ON ADAIR AVENUE, facing the magnifi
cent and palatial estate of Colonel Green
B. Adair, we offer a thoroughly modern, well-
constructed and attractive home, on a splen
did lot, for $6,750. A few hundred dollars
cash, with $2,000 in purchase money notes on
other property, and the balance easy. In the
Druid Hills section this property has a cer
tain future, and is an ideal home.
IN ANSLEY PARK, corner Avery Drive and
Park Lane, a very attractive and mod
ern home. Two-storv, eight rooms, every con
venience. Right at the car line. Large lot.
We will sell this on the same terms ‘as the
above, at a figure that is sure to turn it
quick. Price $8,000.
Edwin P. Ansley
Ivy 1600.
Realty Trust Bldg.
DECATUR
BUY A HOME IN BEAUTIFUL
WINNONA PARK
60 SPLENDID building lots, with water, sewer and
sidewalks, will be put on the market in a short
time.
Ask us for plat and prices.
EDWIN P. ANSLEY
I Its 1600. fiesgfiJS Department. —. Atlanta. 363,
Task Well Done Is That Done
With Enthusiasm and a Will
Says Business Expert
BY B. C. FORBES.
Are you good friends with your
work?
• * *
Since we spend most of our wak
ing hours at our daily tasks, is it not
very important that we should be
happy in the doing of them? The
man or woman who has no heart for
his or her employment cannot real
ize the full joy of living.
• * «
There is only one thintj worse than
having disagreeable work, and that
is having no work at all. The per
son who has no work can have no
recreation, no relaxation. The vil
lage blacksmith is more to be en
vied than the idler who may have’
millions. The squire who walked to
get a stomach for his meat was less
happy than the sturdy son of the
soil who rejoined: “And I walk to
get meat for my stomach.”
* * *
The man who brings a right atti
tude to his job is rich all day long,
for, as a sage remarked, "Money
never made any man rich, but his
mind.”
Some people spend more energy
in grumbling than in trying to get
on.’
• * *
• To be done well, a task must be
done* with a will, with relish, with
enthusiasm. The best workers are
those whose hearts are in their
work. Those who are wisely ambi
tious seldom grumble. A motto
which has been framed and hung on
many walls reads: “All things come
to those who hustle while they
wait.” The malcontent usually waits
without hustling. He wants the moon
without having to soar to get it. He
sits with folded hands instead of
speeding forrh with busy feet and
nimble fingers.
* * *
Contentment can be cultivated/
And it’s a plant worth cultivating.
It can at least be said of Christian
Science that it has turned many sour
people sweet. The harder a man’s
toil the greater his need for bringing
cheerfulness to it—the merry heart
goes all the day.
* * *
Employers will promote a cheerful
worker sooner than a discontented
one. The foreman who believes in
his work, who takes pride in it, who
goes at it wholeheartedly infuses
something of his own spirit into
those serving under him. Why
should a servant who is constantly
complaining, who is eternally railing
against his boss, who finds his em
ployment a bore, be placed in com
mand of other servants? His ex
ample would bring on a strike rather
than promote success.
* * #
Of course, many jobs are near
relatives of drudgery. It is hahd to
sing at them. But, if nothing else
can be reached, what’s the use of
making the worst of it? Why not
make the best of it? “What cannot
br cured must be endured.” Most
men toil and sl,ave not solely for
their own sakes; they sow that
others—wife, mother, family—may
reap. When tackled in this spirit,
when performed from unselfish mo
tives, few tasks cannot be made at
least tolerable. No man liveth to
himself—unless he be a fool, for to
try it invites inward failure even
though it may bring outward “suc
cess.”
• • *
Some of these platitudes are
prompted by an incident that oc
curred on the Brooklyn Bridge ele
vated platform in the early hours of
Saturday morning, when newspaper
men were waiting for their trains
On this platform is a veteran whose
duty it is to hoist the proper signals,
call out the destination of trains and
answer the countless questions of
passengers. Of late there has been
a second man on the platform. He
does not yet know what the public
have a right to expect of him. On
this particular morning he was
guilty of such incivility that the
veteran began to give him some
homely sound advice. Instead of ac-
ceptinq it in oood part, he replied
jauntily that there were plenty of
iobs in New York.
• * •
“Don’t throw away dirty water
until you aet clean,” chided the vet
eran. “There are ten thousand peo
ple in New York this night looking
for work—I see some of them hang-
round a gate I pass every morning.”
* * *
The trouble with the uncivil plat
form man, it struck me, was that he
brought a wrong attitude, a wrong
state of mind to his work. The
Brooklyn Rapid Transit Company
pays him to give its patrons civil
answers, but apparently he felt too
big for his job. And he sought to
vent his spleen upon the company’s
customers.
Be a little more patient, a little
more cheerful, my friend. You will
get farther and the way will be all
1 the smoother for yourself and for
others.
Foreign Spinners Absorb Spot
Houses’ Offerings—Close War,
Somewhat Easier.
NEW YORK. April 16. Liberal celling
f May contracts was the feature of the
otton market at the opening to-day.
The first prices were l to 1 points low
er. The brokers who sold May were j
supposed to represent spot houses. New
crops were sold on fine weather. After
the call the hears were again aggressive.
in addition to the liquidation of Max
» few brokers inclined to soil inly,
which was thought to be protit-taking.
This encouraged scattered selling of re
mote months and prices fell some 3 to
5 points from the opening range. Con
tinued favorable weather conditions over
the belt, also good river news, coupled
with bearish sentiment, was appealing
to the bears, Hut offerings were so read
ily absorbed that offerings were abated
to some extent and price movement dur
ing the late forenoon was unchanged to
a shade up from the initial level
Weekly Interior movement:
A sudden buying movement developed
at noon, sending May and July to 11.88
and holding other positions relatively
firm. The rally started on buying by
Liverpool and some local operators bid
ding aggressively for May under the
market. The ring crown! seemed to have
gone short and there was very little cot
ton for sale. The advance was helped
along by Lester, who purchased 10,000
bales of October and Wenman buying
5.000 bales of July.
It is said that the English market is
buying May here with the view of ab
sorbing 30,000 to 50,000 bales of the lo
cal st<*<-k, which is approximately 106,-
" bales.
How- m r. sentiment is in favor of the
bears: also weather developments, and
the average trader anticipated lower
prices.
Advices from the Western belt and
Georgia are optimistic' In many sec
tions cotton is up. Georgia reports about
40 to 50 per cent of the planting finished.
Recent excessive rains are regarded as
propitious to tiie plant. Heavy rains of
this character furnish enough subsoil
moisture for the plant without forcing
tiie tap root to grow far Into the ground
in case of a hot July or August.
During the afternoon session tlie mar
ket was steady with prices 3 to 7 points
above the opening. Trading, however,
was light.
At the close the market was steady
with prices showing irregularity, being
1 points higher to 5 points decline from
the final quotations of Tuesday.
~ |_1913 Tj9t2.J_J_91 1.
...I 20.840! 12.0891 12,892
... 30.421 37.644! 24.874
.. . 394.810 287.74 t 307,377
NKW YORK. April 16. Advices .from
; Georgia are that 40 per cent to 60 per
* ti't of I be crop lias been planted and
I in the uplands some of it Is up.
i * *
Some «.f the most radical bears are j
talking 10«j< rotten and spinners and |
i mills are cautious in buying. They fear
| the tariff. 1
* *
! Austin. Te as. wires: "Good weather
j'luring the la tier parts of March and
ton tew da j s of this month has enabled
the farmers all over the State to make
good headway preparing the land for
planting."
* ♦ *
Cotton is being planted In the lower
part of Central Texas.
Receipts ..
Shipments
Stocks
RANGE IN NEW YORK FUTURES.
c
4>
o.
O
5
S
o
J
* «!
=5 c«
~ -J)
Close.
Ap.
11.84-87
11.85
My
ii.8i
ii .88
11.76
i 1.85
11.84-85
11.80-81
Jne
11.85-87
11.84-86
Jly
i i 8i
1 1.88
11.78
11.85
11.85-86
11.82-8.3
Ak.
11.71
11.76
11.68
1 1.75
11.73-74
11.71-73
Kpt
11.47-49
11.52-53
Oc.
11. i i
i i .4?
11.39
1 i.42
11.41-42
11.46-47
IX'
11.46
11.51
11.43
11.46
11.45-46
11.50-51
Jan
11.41
11.46
11.40
11.40
11.40-41
11.11 .47
Mch
11.45-47
Closed steady.
LIVERPOOL COTTON MARKET.
LIVERPOOL, April 16. This market
was due to open 3 to 1% points higher,
but opened quiet 2 to 3 points higher
than the previous close. At 12:15 p. in ..
the market was steady, at - net ad
vance of 3to 4% points.
Spot cotton steady at 1 j>oint ad
vance: middling 6.89d; sales. AO.000 bales,
including 9.000 American baJCc
Port receipts ate to-day estimated at
19,000 bales, compared with 20.384 bales
last week and 12,896 bales for fhr corre
sponding week last year, agai(a 8,968
bales for the same week the year before.
At the close the market was quiet,
with prices at a net advance of I % to
2% points from the final quotations of
Tuesday.
LIVERPOOL COTTON MA^ET.
Futures
April . . . .
April-May .
May-June .
June-July .
July-Aug. .
Aug.-Sept. .
Sept.-Oct. .
Oct.-Nov. .
Nov.-Dec. .
Dec.-.Tan. .
Jan.-Feb. .
Feb.-Mch. .
Closed qu
pened steady]
Opening
Range.
. • .6.61 -6.62%
. .6.57^-6.59
. .6.57%-6.55%
.6.55 -6.57
.6.50%-6.52
.6.40 -6.42
.6.67%-6.67%
.6.19
.6.16%-6.18
.6.15%-6.16%
. 6.14%-6.16
iet
Clo*;e.
6.60%
6.57
6.56%
6.54%
6.50
6.39%
6.27
6.19
6.16
6.15
6.14
6.15
Frev.
Close.
6.59
6.55%
6.55
6.53
6.48%
6.37%
6.25
6.16%
6.13%
6.12%
6.11%
6.12%
HAYWARD & CLARK’S
DAILY COTTON LETTER
NEW ORLEANS. April 16. -Political
news is less favorable. 'Peace ii. the
Balkans still seems far off. the latest
news reporting relations between Bul
garia and Servia much strained.
Liverpool came in rather easier than
expected, but spot sales are large. The
feature of our opening was the pur
chase of about 5.000 bales of May cred
ited to the Liverpool house which
bought most of the spots here yester
day. This, of course, intimidated sell
ers and the market was easily held.
There is much uncertainty and confusion
of views as to what will he the next
move in the summer positions.
New York says May will go to a larger
discount under July, whereas the buying
her? of May by Liverpool and news of
a strong bull combination in Liver
pool suggest bullish operations
The spot market is dull to-day. The
demand seems to depend altogether on
the Liverpool house which bought yes
terday and was a heavy buyer of May
here this morning, others not seeming
interested in spots. The contract mar
ket is quiet, but very steady around
12.26 for July. Kellers are scarce, show
ing that the weight of opinion is in fa
vor of bullish moves.
RANGE NEW ORLEANS FUTURES.
11 SI
> w
My 12.27112.38112.26; 12.33112.33- 34! 12.30-31
Jly 12.20 12.27 12.16i 12.21 12.20-21 12.21-22
Ag. 11.89 11.95 1 1.89 11.95 11.90-92 1 1.91-92
Oc. 111.46 11.51 11.45 11.45 11.45-46 11.49-50
Dc 11.48 11.52 11.47 11.48 11.48-49 1 1.51-52
.In 111.61 11.51 11.50 1 1.50 11.50-51 11.53-5
Closed steady.
PORT RECEIPTS.
The following table shows receipts at
the ports to-day compared with the
'
1913.
1912.
New Orleans. . .
4.312
3,310
Galveston
3.157
3,232
Mobile
268
456
Savannah
3,927
3,066
Charleston
316
156
Wilmington . . , .
971
504
Norfolk
1.209
1,051
Boston
4
630
Pacific coast . . .
8.778
Various
188
485
Total
23,129
12.89^
INTERIOR
MOVEMENT.
1913.
1912.
Houston
3.923
2,595
Augu»*»
189
658
Memphis
1,642
475
St. Louis
3.699
4.692
Cincinnati
202
1,717
Little Rock . . . .
50
Total
9,655
10.177
Nearly everybody in Atlanta reads
The Junday American. YOUR ad-
vertisement in the next issue will sell
goods* Trv it;
-—
SPOT COTTON MARKET.
Atlanta, quiet; middling 12c.
Athens, steady; middling 12%.
Macon, steady: middling 12c.
New Orleans, steady; middling 12%.
New York, quiet; middling 12.40.
Philadelphia, quiet; middling 12.65
Boston, easy; middling 12.40
Liverpool, steady; middling 6.89d.
Savannah, quiet; middling 12%.
Norfolk, quiet: middling 12%.
Augusta, steady; middling 12%.
Mobile, quiet; middling 12 3-16.
Galveston, easy; middling 12 9-16.
Charleston, quiet; middling 12%.
Wilmington, nominal.
Little Rock, steady; middling 12%.
Baltimore, nominal; middling 12%.
Memphis, steady; middling 12%
St. Louis, quiet; middling 12%.
Houston, quiet; middling 12 9-16.
Louisville, firm: middling 12%.
Greenville, quiet: middling 12<
Charlotte, steady; middling 12%.
COTTON SEED OIL.
Cotton seed oil quotations:
I Opening. | Closing -
Spot
A pril .
May .
June .
July .
August
September
October
November
6.88 fa 7.00
6.81 fa 6.90
6.93fa)6.96
7.01 fa 7.03
7.01 fa 7.C4
6.69 fa 6.81
6.61 fa 6.73
6 92fa 7 05
0.95® 7.00
6.94fa 6.95
6.97 fa. 6.99
7.00fa 7.01
7.03fa 7.05
7.04fa 7.05
6.7.3fa 6 84
6.63fa6.64
t/wv staaxL’~ lau 17.000 hhla.
* * *
If reports received from Western r l ex
es are true there will be ah enormous
increase in acreage in that region this
si at on
■* * *
The cotton acreage in Texas last year
way 10.972,000 acres, as compared with
11.150,000 acres the preceding year. A
.».t)vK>,0OO-bale ( r np is the prevailing es
timate.
* * *
Mr. S. Tate says: "Mv views are
about the same as for last few days,
but with the narrowness of the market
and the general pessimistic feeling, it is
difficult to get any advance, and equally
difficult to get decline.
‘‘The local crowd would be glad to
hive the market down with the idea of
making a better buying basis, hoping to
stimulate a general increase in public
business, but even with the assistance
>f the claimed threatening destruction
d‘ business on account of tariff changes
they fail to produce the expected
leedine. With New Orleans market
higher than New York and Liverpool
about 130 points higher than New York,
with every indication that the foreign
markets must have more cotton. I fail
to see where the encouragement for a
Iodine is coming from short of very
strong evidence <*f a crop in excess of
‘*.000 bales from this yea*..
"'File low on July was reached on Oc
tober 10. when July sold at 10.66, be
tween then anti December 16. during the
most active period of the harvesting,
.luly advanced about 230 points to 12.95.
Since that time it has declined 121
points under the high of last December
and 108 points over the low level of
last October.
"The pendulum in its swing lias grad
ually narrowed to an average in differ
ence of about a little more than 100
points, and all tilings considered and
being some distant from that assurance
of a big crop 1 beg to favor working to
the long side, buying on all declines
rather than selling."
After the call Schill, Hentz. Wellman.
Royce, Beardsley, Norden, Flinn and
Waters were leading buyers. Rosen
berg. Watkins. Parrott, Hartcorn and
Schley were principal sellers. Cone was
a heavy seller of May. which was said
to be for spot people. S dientz was buy
ing May and selling July, outside of
May the trading was light; weather and'
river news favorable. Sentiment bearish
and lower prices predicted.
The Journal of Commerce says: "Many
of the crop reports received were of a
very cheerful tenor, speaking of good
stands and a favorable outlook. Fertil
izers are being used extensively; inten
sive farming is, to all appearances, be
coming more general, and with cotton
on the eve of the planting season at
12%c a pound, very many people think
it as certain as the law of cause and
effect that a big acreage will be plant
ed.
"Reports current of price concessions
to be made on staple prints appear to
be without foundation. Business in
bleached cottons has been of fair volume
this month thus far and jobbers admit
that they are not supplied save for im
mediate necessities."
Following are 11 a. m. bids; May
11.78, July 11.80 October 11.41, January
11.40.
* * *
NEW ORLEANS, April 16.—Hayward
& Clark: The weather map is very fa
vorable. It shows fair weather over the
entire belt, except cloudy in North Car
olina. There was no i*aln, except in
North Carolina. It is warmer all around.
oh warmer in the West and Central
States. Indications ire for continued
fair to wanner weather over the Central
and Eastern belt, probably with in
creasing cloudiness in Wcrfl Texas and
Oklahoma. }
Spots neglected so far to-day. but de
mand may come later in the day. The
Liverpool house, that bought yesterday
is about the only chance.
Following are 10 a. m. bids: May 12.29,
July 12.17, October 11.45, January 11.49.
Estimated receipts for Thursday:
1913. 1912.
New Orleans . . . .4,500 to 5,500 1.687
Galveston 2,500 to 3,500 4,228
* * *
Liverpool cables: "American middling
fair 7.45d, good middling 7.lid, middling
6.89d, low middling 6.73d, good ordinary
6.39d, ordinary 6.05d.”
♦ * •
The New Orleans Times-Democrat
says: “Because cool weather is un
doubtedly delaying the average new crop
start, and because when merchants are
forced to buy old crop cotton, they find
they must pay very full prices for the
supplies they need, the cotton market
talent exhibits less than a keen desire
to sell contracts further below a parity
with spots. Nobody attempts to deny
the obvious fact that clear, dry weather
over most of the belt during some days
past has promoted farm work, nor that
the land is now in a good state of
preparation. But low temperatures re
tard germination, therefore farmers are
delaying actual planting operations in
some sections. For this reason the New
Orleans talent seems to prefer straddle
sales of the new crop and purchases of
the old under the belief that prospective
delay in the availability of new crop sup
plies will boost the value of the rem
nant of the crop. On the other hand,
some interests in New York have been
advising the sale of July and the pur
chase of October, just why is not quite
clear, since the difference between New
York May and Liverpool May-June was
as much as 136 points yesterday, and
there is some reason to believe that Liv
erpool merchants intend taking up cot
ton on New York contracts next month.”
ATLANTA MULE AND
HORSE MARKET
(Corrected by the National Stock Yarda
Commission Company; C. G. Tur
ner, President.)
Mules.
Mules and horses in the last week
have declined from $5 to $10 per
bead, but for the past few days there
has been a good demand for them.
The railroads have begun to receive
shipments, so there will be no scare!-
of stock on account of the h'gh
water.
Tt looks as if prices will remain th
same for awhile.
Draft horses and large road mules
are in active demand, and we believe
this will be so for some time to
come.
14 to 14% hands, rough, good ages,
sits to $iao.
14 to 12%, finish with quality’, $155 to
$180.
14% to 15 hands, rough, $130 to $170.
15 to 15% hands, finish, $180 to $205.
16 hands, with quality and finish, $205
to $830.
16 hands, heavy chunk, weighing form
1,250 to 1,400 pounds, $255 to $330.
Horses.
Southern chunk horses, from $75 to
$110.
Southern chunk, finish, $110 to $135.
Good driving horses, quality and finish,
ranging in price from $160 to $210.
Heavy draught horses, rough, $160 to
$210.
Heavy draught horses, finish, $210 to
$300.
COTTON MARKET OPINIONS.
Norman, Mayer & Co.: Advise selling
on any advance.
Thompson, Towle & Co.: The favora
ble weather which is predicted to con
tinue encouraged further short selling
particularly in the old crop positions,
and it seems quite possible that the
old and new crop positions will come
still closer together.
Logan «.V Bryan: It looks probable
ihat a recovery from present levels will
ensue a.- a consequence more of techni
cal conditions than of crop news.
Kternberger, . Sinn & Co.: Values
should do better for the time being.
Little Trading in Wall Street and
Public Has No Hand in
That Little.
By CHARLES W. STORM.
NEW YoRK. April 16. A heavy tone
prevailed at the opening of the stork
market to-day, and a number of active
issues showed fractional losses. There
was an absence of demand which af
fected nearly the entire list.
Amalgamated Copper d dined % to
75% and declines were also noted in the
following: \merican Can %. Atchison
%. Atlantic Coast Line %. Erie %. Read
ing %. United States Steel common %.
Union Pacific %. Canadian Pacific was
in good demand arid advanced %. Frac
tional advancea also were made by Penn
sylvania. Western Maryland, St. Paul,
Great Northern preferred and a few
others.
Northern Pacific was unchanged on
the first sale, but gained fractionally
afterward.
The curb market was dull.
Dealings in Americans in London were
professional. They were above New
York parity. There was covering in
Canadian Pacific in London.
A firm tone prevailed during the Inte
forenoon with practically all the leading
issues showing fractional gains. Cana
dian Pacific was up 1% to 243%. Read
ing advanced %. Northern 1’aciflc.
Great Northern and Pennsylvania were
up %. Call money is loaning at 2%.
Trading was almost at a standstill in
the last hour. Steel. Reading. Amal
gamated Copper. Atchison and Canadian
Pacific sold around their mid-day rang?
Union Pacific receded fractionally, as
did American Can Thetone was list
less.
The market closed firm. Government
bonds unchanged; others dull.
MONEY AND EXCHANGE.
NEW YORK April 16.—Money on call.
2%fa3 per cent. Time money, dull: six
ty days, 4% per cent; 90 days. 4 % fa 4% ;
six months. 4 % fa’4%
Posted rates: Sterling exchanges. 4.84
fa 4.87% with actual business in bankers’
bills at 4.86% for demand and 4.8310 for
60-day bills.
Prime mercantile paper unchanged.
RAILROAD EARNINGS.
Earnings of Southern railroads for the
first week in April follow:
Central of Georgia. $267,100. a decrease
of $37,900 from the same week. 1912
Since July 1, 1912. the road lias earned
$11,148,700, an increase of $48,300 over
the same period of the preceding year.
Louisville and Nashville, first week of
April. $989,195; decrease. $112,180. Since
July 1, $45,793,502; increase, $2,207,069.
Mobile and Ohio, first week in April,
$182,912; increase. $41,017; from July 1,
$9,386,136; increase, $594,289.
Southern Railway, first week in April,
$1,272,837; decrease. $86,396. From July
1. $53,279,124: increase, $3,996,958.
SNOW REPORTS ON HESSIAN FLY.
CHICAGO, April 16 B. W. Snow says
"My advices show a little evidence of
the presence of Hessian fly in a few
counties in eastern and flout lien stern
Kansas and indications of its presence
in scattered localities in southern Illinois
and Indiana. The pest is present every
year in a scattered way whenever win
ter wheat is grown anil this year is no
exception. Reports of fly discovery may
be expected at intervals during the sea
son. There is nothing in sight, how
ever, to indicate anything other than a
normal situation so far.
MINING STOCKS.
BOSTON, April 16. Opening: Amer
ican Woolen preferred 78%, Mayflower 9.
BAR SILVER.
NEW YORK, April 16. Commercial
bar silver 69%e; Mexican dollars 48c.
LONDON, April 16. Bar silver quiet
at 27 %d.
NEW YORK COFFEE MARKET.
Coffee quotations;
Closed steady. Sales, 85,250 bags.
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. 1,00 to 1,200,
$6.00® 6.50; good steers, 800 to 1,000, 5.50
fa6.00; medium to good steers, 700 to 850,
5.25@5.75; medium to good cows. 700 to
800, 4.50@5.00; good to choice beef cows,
800 to 900. 5.00® 5.50; medium to good
heifers. 6.50® 7.50; good to choice heif
ers, 750 to 850. 5.00® 5.60; medium to
good heifers. 650 to 750, 4.25fa4.75.
The above represent ruling prices of
good quality of beef cat'le. Inferior
grades and dairy type selling lower.
Mixed to common steers, if fat, 800 to
900. 5.00fa5.50; medium to common cows,
if fat, 700 to 800. 4.2G@4.76; mixed com
mon, 600 to 800. 3.25fa4.25; good butcher
bulls, 3.50fa4.50.
Prime hogs. 160 to 200 average. 8.90fa
9.15; good butcher hogs. 140 to 160, 8.75
fa9.00: good butcher pigs. 100 to 140,
8.26fa8.75; light pigs. 80 to 100. 8.00fa)
8.50; heavy rough hogs, 200 to 250, 8.25
@8.75.
Above quotations apply to corn-fed
bogs, mash and peanut-fattened hogs,
1 to l%c under.
Today's New York
Stock Market
Tlu» following table shows the
highest, lowest
?nd
•lose.
to-
fret her with
tilt*
previous t*
OSC :
Stock quotations*
Clos.
Prev.
STOCK— High.
Low.
Bid.
Close.
Amal. Copper.
76%
75%
76' •
76%
Am. Ice Sec..
26
26
26%
25%
Am. Sug. Ref.
113
113
Am. Smelting.
69
69%
Am. Locomo...
36' 4
36' «
36' 4
36
Am. Car Fdy...
50 a
50%
Am. Cot. Oil...
47' *
46%
Am. Woolen...
19%
18%
Anaconda
38' „
37%
38%
38' a
Atchison .. .
102%
101-%
101%
101' A
A. C. L.
122%
122' a
122
122
American Can
34 h
o3' 2
33%
33%
do. pref.
95 4
95' a
95
95%,
Am. Beet Sug.
32%
32%
32%
32%
Am. T.-T. ...
131
131
131
131%
Am. Agrlcul...
52%’
52
B. R. T
90%
90
B. and O. .
99%
99
Can. Pacific...
243' ,
242' a
Corn Products
10%,
103 4
10%
10%
C. and O
67 %*
66%
66%
66%
Consol. Gas..
132
132
131' 2
130' 4
Cen. Leather..
25
25
25
25
Colo. F. and 1.
33%
33%
33' 4
33%
Colo. Southern
31%
31
D. and H
159
160
Den. and R. G.
21
21
21
21
Distil. Secur...
16
16%
Erie
»%
29' 2
30
28%
do. pref. . .
45%
45' 4
46
45
Gen. Electric.
139' 4
139
139' 2
140
Goldfield Cons.
2' A
2*4
G. Western .
14%
14%
14' 2
14%
G. Nor., pfd..
127
126%
122%
G. North. Ore.
35
35
34
34%
Int. Harvester
105
104' 4
III. Central. .
119%
119
Interboro ....
17
17
do. pref. . .
58' a
573 4
57^4
57' 2
Iowa Central .
8
8
K. C. Southern
25
25
25
24%
K. and T. ...
25%
25%
26' p
25%
do. pref. . .
62%
63
L. Valley .
159-%
159' 8
159%
1593 8
L. and N. . .
133' 4
133
133' 4
133' 4
Mo. Pacific
37%
37%
37' 2
37' 2
N. Y. Central
102%
102' 2
102%
102
Northwest. .
132%
132' 2
Nat. Lead .
49' 2
49
N. and W. .
106
105%
No. Pacific .
116
115' 4
115^4
115' 4
O. and W. .
30%
30%
Penn
114%
114' A
114%
114
Pacific Mall .
25' 4
25%
P. Gas Co. .
11134
111%
P. Steel Car.
26
26
Reading.
164%
1635s
1643 4
163%
Rock Island
22%
nj
CM
do. pfd.
37
36%
32%
37%
R. 1. &. S. . .
25%
25' 4
25%
24%
do. pfd.
84
84^4
S.-Sheffield .
35
35
So. Pacific .
101' «
10034
100%
100%
So. Railway.
26%
26
do. pfd. . .
78%
78%
St. Paul . .
109 4
108-%
109%
1083 4
Tenn. Copper
35%
353 4
Texas Pacific
18
18
Third Ave. .
36
3534
Union Pacific
153%
152%
153' «
153
U. S. Rubber
63%
63%
64' 4
6334
Utah Copper
53%
53' 4
53%
53'.«
U. S. Steel .
62%
61%
62' p
6f3 4
do. pfd.
108
107%
107%
V.-C. Chem..
35
34
W. Union . .
67%
67%
66%
67' 2
Wabash . .
3' A
3
do. pfd.
10%
10' 4
W. Electric.
63' 2
63' 4
63' 4
63' 2
W. Central
51%
52
W. Maryland
40%
40' a
| Opening.
Closing.
January
February
March. . ,
April
May
.Tune
July
August
September. . . .
October
November. . . .
December
11.23
11.23@11.25
11.24
10.72
10.850 10.DO
11.00
11.13
11.23
11.23
11.22@11.24
11.22
I1.35fall.36
11.36(111.37
11.39 fa 11.40
10.65® 10.70
I0.84fa10.86
10.94® 10.95
11.08® 11.09
11.22® 11.23
11.32®11.33
1l.3qfal1.33
11.32fall.34
11.34@11.36
THE WEATHER.
Conditions.
WASHINGTON. April 16.—The indi
cations are that the storm now off the
Virginia coast will move northeastward
and cause rams to-night on the imme
diate Atlantic coast from New Jersey
northward. Storm warnings are dis
played on the Atlantic coast from Del
aware breakwater to Boston.
General Forecast.
Following is the general forecast until
7 p. m. Thursday:
Georgia—Fair to-night and Thursday.
Virginia—Fair to-night and Thursday.
North Carolina—Fair to-night and
Thursday; slowly rising temperature
Thursday.
South Carolina—Fair to-night and
Thursday.
Florida—Fair to-night and Thursday
Alabama and Mississippi—Fair to
night and Thursday. ,
PATTEN COVERS WHILE THE
ARMOUR CLIQUE LIQUIDATES
CHIOAGO, April 16.—The domestic
wheat situation is looked upon as bear
ish. One of the bull houses said there
seemed to be nothi, g but foreign
strength and export business to turn the
market in the face of the glowing crop
reports and the export business is slow
in developing It was the gossip of the
trade in corn and oats yesterday that
Patten had covered 500,000 bushels of
corn and oats, aftd some placed the fig
ures higher. The principal selling was
v the Armour Interests. The latter has
been heavily long of corn and oats and
has been selling steadily for several
days.
Sales of 1.000.000 bushels of July corn
in the Iasi half hour by Harris Winthrop
was considered as long stuff and credited
to the Armour Interests.
Bulls figure that with navigation on
the lakes to open either to-day or to
morrow there will be a heavy reduction
In stocks *
Liverpool and Chicago Shorts
Cover Big Lines—Offerings
Were Liberal.
ST. LOUIS CASH QUOTATIONS
Wheat No. 2 red 10 7 @148
Corn No. 2 red 59
Oats—No. 2 red 35
CHICAGO, April 16. News from
abroad on wheat this morning was the
signal for general buying and early ad
vances of %<• to %<•, but on the upturn
there were free offerings and the mar
ket failed tu stand up under them. The
Continental demand for .ash wheat in
all positions, and the buying of that
country late yesterday as cabled by the
European News Agency, were the prin
cipal bull helps. Northwestern receipt?,
while small, exceeded those of a year
ago. Winnipeg receipts were larger than
a year ago.
Corn was better at the start, but it
sold off to ruling rates of last night
Liverpool reported the weakness there
was based on the increased offerings by
America and better weather for harvest
ing in the Argentine Republic.
Oats were a small fraction better.
Hog products sympathized with the
decline in the price of lings at the yards,
as the demand in the pit was smaller
than the offerings.
The many misleading messages re
ceived from Baltimore to-day as to the
amount of export trade in wheal there
caused the average speculator to load
up with wheat early, and when it be
came known that the messages were
misleading and that the export business
was confined to six boat loads- instead
of 180 loads, as reported at the outset.,
many of the early buyers turned sellers.
There were re-sales by exporters of
100.000 bushels and 80,000 bushels (two
lots) which caused tDo mistake—if it
was a mistake. There was another
change in sentiment before the closing
of the day’s session when shorts entered
the market and absorbed the offerings
in a hurry. Resting spots for wheat
were % to %r higher and the market,
was pretty well sustained up to the
close. Cash sales of wheat at Chicago
amounted to 52,000 bushels; corn 200,000
bushels, and oats 95,000 bushels.
Europe a Big Fake,
Says Rich American
NEW YORK, April 16.—Here in a
nutshell is the condensation of the
views on Europe held by Frederick
H. Miller, a wealthy manufacturer of
Evanston, Ill., who arrived in port
to-day on the liner Kaiser Wilhelm
Der Grosser
"Europe in general is a grand bunk.
Paris is nothing more than a side
show; Venice is a place where the
sanitary board should get to work
at once; London is the most dismal
place in the world and Monte Carlo
is a gambling den that ought to be
raided.
"I wouldn’t go back to Europe if
they gave me a free ticket.
"Why, I saw women wearing clothes
in Paris that were certainly the
freakish products of disturbed minds.
If a woman in Evanston wore sueh
a thing she would be ridden on a
Corn closed %
to 'if i
higher and oats
were up % to %'
n.
Hog products were unsettled.
CHICAGO GRAIN
MARKET.
Grain quotations:
Previous
High.
Low
close. Close.
WH EAT
May DO 4
89%
90%
Hi'S
July 89%
88%
89%
88%
Sept 88 L,
87%
88%
88
CORN—
May.... 56%
55
.75
July 56%
54 3 4
55%
55 u
Sept 56 %
;»o 'a
56%
56
OATS
May ... 34%
S4»»
•14 »,
34"«
July 34%
34%
Sept... 34',
33%
PORK—
May... 19.55
19.40
19.52%
19.57‘ 2
July. ... 19.67%
10.471 2
19.65
19.75
Sept.... 19.57%
19.45
19.52%
13.63 1 ,
LARD—
May.... 10.95
10.80
10.95
10.82%
July.... 10.90
10.80
10.90
10.82%
Sept.... 10 92 'u
10.80
10.92%
10.85
RIBS-
May... 11.30
11.10
11.30
11.15
July . 11.05
10.95
11.02%
11.00
Sept.... 10.82%
10.77%
10.82%
10.82%
PRIMARY MOVEMENT.
WHEAT—
I 1913. |
m2.
Receipts . . . .
.| 359.000 |
236,000
Shipments . . .
. . 1 168.000 j
271.000
CORN | |
Receipts . . . .
306.000 |
340.000
Shipments . . .
. .! 37
8,000
371,000
CHICAGO CAR
LOTS.
Following are
the receipts for Wed-
nesday and estiri
nated for Thursday:
1 Wedn’dav.iT
hursday
Wheat
32
18
Corn
77
32
Oats
114 !
102
11ogs
28.000
19.000
LIVERPOOL GRAIN MARKET.
LIVERPOOL, April 16.—Wheat opened
%d lower; at 1:30 p. m. the market was
%d to %d higher. Closed %d to %<i
higher.
Com opened %d lower; at 1:30 p. trt.
the market was %d lower. Closed un
changed to %d lower.
CHICAGO CASH QUOTATIONS.
CHICAGO, April 16. Wheat. No. 2
red. 1.05fal.08; No. 3 red, 98@1.02; No. 2
hard winter. 91 fa 94; No. 3 hard winter.
90@93; No. t northern spring. 92%@93;
No. 2 northern spring, 91 fa;92; No. 3
spring. 88fa89.
Corn No. 2. 56%@56; No. 2 white. 57 fa
57%; No. 2 yellow, 56® 56%; No. 3, 54%
f(f55%; No. 3 white, 55%@56; No. 3 yel
low. 54%fa55%; No. 4, 52%fa54%; No. 4
white. 54fa55; No. 4 yellow. 52%@54.
Oats, No. 2 white, 36@36%; No. 3, 33fa)
35; No. 3 white, 34; No. 4 white. 33@34;
Standard. 35%@36.
Nearly everybody jn Atlanta reads
The Sunday American. YOUR ad
vertisement in the next issue will sell
goods. Try it!
ETJK
In every great and euccessful en
terprise there are certain principles
that, like the red thread running
through all the cordage of the Brit
ish Navy, pervade every trasaction.
They make short work of doubt
ful proposition*, and like the spirit
level, point out that which is im
perfect or fallacious.
Tke protection of its depositors
is tke first consideration, tke "red
tkread and tke ruling law of tkis
Institution.
Your account is invited.
4 Per Cent on Savings
(f ntttal iBank & irosst (Dorpoation
Capital $1,000,000 Resources Over $5,000,000
CANDLER BUILDING
BRANCH: Comer M.tcLell and Forsytk Streets