Below is the OCR text representation for this newspapers page.

•I | I1EARST ? SUNDAY AMERICAN, ATLANTA. 0.\., SUNDAY, APRIL 20, 1010 Latest Reports From 13 D World’s Great Markets-—Cotton, Grain, Stocks May ' Off $3.50 Per Bale Since April 2, and July Is Down About $3, THE WEEK'S RANGE. New York, High. 1 Low. I Close | Net | j | Sat. j Change May . .1 11.98 11.63 i i July . I Frl. | Sat i 11.63-64 —.21 . 11.92 11.63 t i Thurs. Sat. 11.63-65 —.20 Oct. . .) 11.47 ; 11.26 i i ! Wed. | Sat. | 11.26-27| —.14 NEW ORLEANS. ; nigh. . Low. | Close ' Net Change May . I 12.48 12.21 i i » i Thurs. Sat. 1 12,23-24 I i —.10 July . I 12.28 ‘ 12.06 ! Thurs. Sat. (12.08-09 I | —.14 Oct. . I 12.53 ! 11.33 | Thurs. Sat. 111.33-34! —.13 LIVERPOOL. High. Low. Close I Net |Change M.-J. 6.611/2 6.53/2 i Fri. Sat. 6.54 | —.10 J'y-A. 6.56'/, 6.47 i Fri. Sat. 6.48«/ 2 | —.09 Sp.-O’t 6.31 6.47 i Frl. Sat. 6.25 | —.08 POLITICO nor ATTRACTS NOTICE Stock Market Has Dull Session With Slight Shading at Open ing on London Outiook. Saturday's New York Stock Market The following table shows the highest, lowest, and closing prices of stocks sold on the New York Stock Exchange Saturday, together with the net change from Friday’s close: Kansas Is Watched By Wheat Traders Rain Badly Needed In Reclaimed Desert—Crop Prospects Excel lent in Other States. ST. LOUIS CASH QUOTATIONS. Wheat—No. 2 red Corn—No. 2 red .. Oats—No. 2 red .. 35 STOCK— Net High. Low. Close. Ch’ge. By EDWARD LOW RANLETT. NEW YORK, April 19.—The decline in the cotton market since April 2 has been very pronounced. May contracts have lost in quoted value more than $3.50 per bale and July about $5. The new crop months have suffered some what less, but the entire list has shown conclusively that early in the month the larger operating interests had concluded a well planned campaign and had for the time being abandoned the market. ©To-day's trading showed a decline of more than 10 points as compared with the previous closing, and was only a further development of liquidation by the public. At the lowest levels near the close, May and July sold at 11.63, Which compares with 12.36 for May and 13.22 for July on or about April 2. The close of the market was at the lowest With a heavy tone. H The Financial Chronicle states that he weather has been quite favorable t the South during the week. Little no rain has fallen, and in consc ience farm 4 work and planting have Jpgressed very favorably. The Missis- JSpi River continues at a high si age. Jft without serious effect from cre vasses or overflow. JT|n cotton goods, a slightly easier tend ency is developing; print cloths are easier, but business is confined to small lots. Within two weeks the trade will have under consideration the prospective Gov- 1 eminent report on conditions and acre- ge for the new cron. It is already admitted that a large _creage is contemplated and that scien tific methods will be used to bring about [the large yield per acre. _j It U a common saying that the world U needs another crop of lo,000,000 bales to satisfy the demand at about current prices. This suggestion, however, does not apDear to take irtto account the fact that about 30,000.000 bales of American cotton has been practically absorbed by the world during the last twenty months, and that trade.'Which was buoy ant and of record proportions a year ago all over the world, has recently, and is now, showing a declining tendency. In any event, the cotton contract market has shewn a downward tendency except where upheld by purely speculative ef fort, and there is certainly a very mod erate demand for actual cotton. In the cotton goods division of the dry goods trade buyers are not anxious ma kers of contracts for remote deliveries of mill products and concessions are be ing demanded and generally granted to Jobbers on the part of producers, “peculation in cotton contracts has •died to an amicable distribution of _^«ortunities. which for the most part include trading on the differences ex isting between New York and Liver pool. So little actual cotton is being taken by spinners that this is playing little part. In a broad way, it may be stated that notwithstanding the smaller visible supply held In the world’s market that the end of the season promises to Show a carry-over in the visible posi tions not far below last year’s figures. RANGE IN NEW YORK FUTURES. Futures opened quiet. NEW YORK, April 19.—Stock market prices showed but little change to-day. More attention seemed to be paid to foreign politics than to any other mar ket influence, but the heaviness in the London market had little effect here ex cept for a slight shading of quotations at the opening. Heaviness of Japanese bonds in the London market attracted some attention. Speculators appeared to be using the anti-American demon strations in Tokio as a bear argument. Trading was very light. Week-end statistics were of a gener ally favorable character. Commercial agencies report increasing conservatism as a result of the impending revision of he tariff. Bank clearances throughout the coun try show- a reduction for the week of 4-3 per cent, made up very largely ot a falling off of 10.3 per cent in exchanges at New York. Elsewhere throughout the country, except In New Orleans, ex panding clearances bore evidence of well sustained commercial activity. Easier tendencies were reported in the money'and discount markets abroad and 'n the local time money and commercial oaner markets. Sterling exchange was quiet and inclined toward a lower level. Just before the close of the stock market it became known that J. P Morgan & Co., will offer on Mon day $1.0,000,000 of New York Central one year 5 per cent notes at 99%. This is in addition to the notes aggregating £2.000,000 sold in London last week. Number of shares sold today 79,990 ! against 234,853 a year ago. Par value of ! Amal. Copper. 76'/* 75 3 4 757 i - '/a | Am. Ice Sec..,. 26 • Va | Am. Sug. Ref. 11 3'/ 2 113/2 68/2 113'/ 2 68% Am. Smeltin... 68' 2 Am. Locomo..., 35% * /. Am. Car Fdy. 50 50 M) Am. Cot. Oil. .. 47%, Anaconda .... 38'/, 38 37 ■ IV 8 Atchison 101 7 g 1017s 101% A. C. L 121 121 121 * Zb American Can. 33 3 . 33'/* 33/4 ■ 'A do, pref. .. 95 94' 2 94 ■ '/« Am. Beet Sug. 32 32 32'4 • '/4 Am. T.-T. ... 129 3 i 129 3 4 129'/, - Zz Am. Agricul. . . 51 -1 B. R. T 90 893% 89 3 4 B. and O 98' 2 98'/ 2 98' / 2 Can. Pacific.. . 243'/ 8 242%, 242/ 2 -2'/* Corn Products. 10% C. and O 66% ♦ Zt Consol. Gas. . . 131'/a 131/2 131/2 Cen. Leather.. 25 25 24% * Zb Colo. F. and 1. 32 32 32 Colo. Southern. 31 D. and H 159 Den. and R. G. 21 *1 J Distil. Secur.. 16 - Zb Erie 29'/, 29/2 29% - Zb do, pref. . . 45 * Zz bonds sold to-day $L037,000 $1,505,000 a year ago. Gen. Electric.. 139 3 4 Goldfield Cons. 2/ 4 NEW ORLEANS COTTON. NEW ORLEANS, April 19.—The reac tionary tendency displayed by the mar ket during the middle of the week was sustained by favorable reports by a crop expert now traveling in Texas, who wired Friday morning that condi tions in that section of the belt are normal, notwithstanding the complaints as to damage by recent frosts and as to lack of moisture. Bearish activity also was encouraged by Secretary Hester’s week end figures. . s P^ ners takings for the week being J. 219.000 bales as compared with ' ™? 00 the corr esponding week last year. The amount brought into sight was also larger than had been expected, bringing the total movement since Sep tember 1, up to 12.773,000 bales as com pare/! with 14,767,000 the corresponding period last year. The May position continues to show strength in this market, but weakness ,n New York where the threat of deliv ery on contract of large portion of the undesirable stock carried in that mar ket is causing longs in that month to liquidate their holdings even at such a big discount under actual cotton values against We stern G. North, pfd G. North. Ore. 35' /2 Illinois Central .... Inter boro .... 167/ 8 do, pref. .. 56 3 4 Iowa Central K. C. Southern. ... RANGE NEW ORLEANS FUTURES. Open. d 1 if Ap. M’y 12.26 12.26 J’y 12.12 12.12 A’g 11.81 11.83 s-p 11.45 11.45 Oct 11.38 11.38 N’v D’p 11.39 i’liii J’n 11.37 11.37 Fb .|I2.11 (12.16 4il2.23-24 12.26- .112.17-19(12.18-20 Closed steady. 11.45 11.44-46111.60-62 11.33111.33-34111.39-40 ... . .11.33-35111.36-41 11.35 11.34-35111.41-42 11.37 11.37-39111.43-45 111.35-37111.41-43 K. and T do, pref. .. L. Valley. . . L. and N.. . . Mo. Pacific . . N. Y. Central. Northwest.. . Nat. Lead . . N. and W. . . No. Pacific . . O. and W. . . 25H 60's 159J4 133 37'/ 2 1023/4 115% 30% 13934 2% 35% 167 8 5634 25*4 60% 159% 133 37% 1023/i Penn 114% 25% 111% 165% 21% 36% 25 MEMPHIS SPOTS. MEMPHIS, April 19.—The break in futures has not been responded to by spots, though the demand is not so keen. There was some demand in the latter part of the week from New Eng land spinners on the best basis of sev eral months, reflecting the refusal of holders to concede in line with the con tract market. The week’s sales were I 10.500 bales. Crop accounts are favor able. Planting in the overflowed sec tions will start a month earlier than last year. Pacific Mall. . P. Gas Co. . . P. Steel Car . Reading . . . Rock Island. . do. pfd.. . . R. I. and Steel do. pfd.. . . S. -Sheffield . . So. Pacific. So. Railway . do. pfd.. . . St. Paul . . . Tenn. Copper . ... Texas Pacific. ... Third Avenue Union Pacific. 153 U. S. Rubber. 64 Utah Copper U. S. Steel, do. pfd.. . V. -C. Chem. W. Union. . Wabash. . . 139% 2% 14% 127% 35 119% 16% 57% 8 24% 25 60% 159 133 37% 102% 172% 49% 1053/4 115% 30% 114% 25% 115 30% 114% 25% 111% 111' 26 164% 21% 36% 25 100 26% 78% 109 52% 617% 1083/8 100 26% 78% 109 152% 64 52% 613^ 108% 165'% 21% 36% 25 85 31 100 26% 78% 108% 35% 68 35% 152% 63% 623/4 61% 108 33 66 3 By JOSEPH F. PRITCHARD. CHICAGO, April 19—The wheat market has drifted into an affair of the weather, and the State of Kansas is the pivotal section for controlling conditions. By following dry farm ing, Western Kansas has been changed and at times the crops raised there are as liberal as in other sec tions of that great grain-growing State. Rain is needed at the moment on the old desert, and a great how! is being sent lip by the crop-killers be cause of this fact. In other sections of Kansas the wheat plant Is the strongest and best ever seen, and the same may be said of Nebraska, which is the second big winter wheat Stare of the Union. On down the line of States there is little to discourage the farmer, as the promise for a bounti ful wheat crop could not be sur passed. There is a better demand for cash wheat not only at Chicago, but in the smaller markets of the country, and while the bulls have held enough wheat to continue in control they have been getting out of their lines as rap idly as possible without driving values to an abnormally low 7 level. There are many opinions on the final ending of the deal In May corn on the Chicago Board of Trade. Somo advance the opinion that the Eastern cotton crowd has disposed of all of its May corn and that the deal has dwindled down to small proportions. The outward movement of corn and the probability that more of the cash corn held here w ill be shipped to the East via the ltkes place the bull longs in a more secure position than ever before. With the anti-corner rule in force, there is no likelihood of longs forcing prices above a certain level, but they will probably drive shorts to cover and secure satisfac tory results from their long drawn out campaign in the May future. Oats are likely to follow in the foot steps of corn, and hog products will be largely influenced by the receipts of hogs at the leading Western points. Grain quotations: High. WHEAT— May 92% July 91% Sept 90 Vi CORN— May 56% July • 56% Se.pt 57% OATS— ....I May 35% - % July 34% 4 Sept 34% PORK— * % May.. 20.02% 1 July.. 20.17% : "■'Sept... 19.97% • Zb LARD— - % May. . . 11.2?% „ 1/. July... 11.17% £ Sept... 11.17% % RIBS— May. .. 11.47% July.... 11.25 Sept... 11.07% • NAVAL STORES. SAVANNAH, April 19.—In a general revision of the price list based largely on values at which sales have been effected recently i*» Europe, the rosins market at'Savannah, Inactive for 18 /lays, suddenly came to life to-day. The oaring knife was used unmercifully on previous quotations. The breaking of the deadlock was hailed with joy by the factors, whose holdings'approximate 16,000 barrels. The decline which became effective to-day places the market in its former healthy position, the higher quotations having been recognized as inflated. Turpentine was Arm at the opening at 39%c tin sales of 50 barrels. The close was productive of a further advance, the article closing at 39%@40c on sales of 260 barrels. Rosins at the close continued in de mand. The opening sales on a Arm but lower market were 766 barrels. Receipts in both markets were very good. Rosin Firm: YVW-625: VVG-600: N-580; M-550: K-520; 1-440: H-430; G-425; K-420: F-415; I)-410; B-405. Sales total 1,646 barrels. Naval stores statement. Spirits Stock April 1 ----- Received to-day ..... Received for month . .. Receiv'd for season . Shipments today Shipments for month Shipments for season . Stock today British Political Science Smashed Free Traders Insist Their Cause Is Hurt Badly by Discrediting of Old Economists. . .14,933 506 . . 7.085 .. 7.085 6 . . 4.315 . . 4.315 . .27,703 Rosins. 91,206 1.506 R 20.381 1.350 48,980 48,980 62,607 % • % • % ’/a I % * % * % - % • % Low. Previous Close. Close. 91% 92 91*8 90 % 914, 90% 89% 90% 89% 55% 56% 55% 56% 56% 57% 56% 574, 56% 35 35% 35% 34% 34 7 k 31% S4>8 34% 34‘. .82% 20.00 19.82% .00 20.15 20.00 85 19.95 19.80 .20 11.22% 11.17% • 1.2V4 u.iavi .11.12% 11.12% .15 11.15 .4774 11 4774 11.45 .22% .02.% 11.25 11.20 11.05 11.00 NEW YORK COFFEE MARKET. Coffee quotations: January. . February . March. . . April. . . May. . . . June . . . July . . . August . . September. October. . November. December. . I Opening. | Closing. .jll.31 ©11.35111.32<STl733 .! 11.31 @.'11.25 11.33© 11.34 .11.33 lll.34fflll.35 • 10.78(a 10.82 .110.80(010.85'10.83© 10.84 • '10.91 j 10.95 & 10.97 .(11.05(011.08 11.07<a 11.09 .11.15&11.20!11.19@11.21 • 11.26 ill.3lfflll.32 .11.29 lll.31fflll.32 . U.29@ll.35lll.3lfflll.32 • 11.31 lll.32@ll.33 Closed steady. Sales, 18,000 bags. NEW ORLEANS RICE. NEW ORLEANS. April 19.—The local rice market continues to rule quiet but steady. Quotations on the leading qual ities are as follows: Honduras at 40; Japan at 4% to 5%; 3% to 4%: straights 3%. Screenings 2% to 3%; 2% to 3c. NEW YORK PRODUCE MARKET. NEW YORK, April 19.—Petroleum firm; crude Pennsylvania 2.50. Turpentine quiet; 43 bid. Rosin quiet; common 5.20(05.30. Wool firm; domestic fleece 28(030, pulled scoured basis 40(060, Texas scoured basis 40@62. Hides quiet; native steers 16%@19%, branded steers 15%@15%. Coffee steady; options opened 3 to 6 higher; Rio No. 1 on spot 11% asked. Rice steady; domestic ordinary to prime 4%@6%. Molasses steady; New Orleans open kettle 35@50. Sugar raw firmer; centrifugal 3.30 bid, muscovado 2.86. molasses sugar 2.61 bid. Sugar, refined steady; fine granulated 4.20(0 4.25, cut loaf 5.05(06.15, crushed 4 95@5.05. mold A 4.60414.70, cubes 4 45# 4.60, powdered 4.30(04.45, diamond. A 4.35 Ipd. confectioners’ A 4.10(04.20, Potatoes weak; white nearby 1.70© 2.00. Bermudas 3.50(0 5.50. Beans firm; marrow choice 5.65(05.75, pea choice 3.75(03.85, red kidney choice 4.20(0 4.30. Dried fruits steady; apricots choice to | fancy 104/12, apples evaporated prime to fancy 5% (0 8%, prunes 30s to 60s 5% bid. j 60s to 100s 3%(q 4%. peaches choice to ! fancy 6(07%. seeded raisins choice to fancy 5%(a6%. By BOERSI AN ER. CHICAGO, April 19.—Free traders insist that their caupe the world over has been deeply hurt oy the break down of the British schools of polit ical economy; by the admitted need of a thorough reconstruction of that economic theory. Free trade is* one of the constit uents of the dogmas ns expounded by British economists; so, as the other component parts have been more or less discredited, free trade has almost gone down with the reft. This is a curious defense. When a statesman makes one mistake in a series* of propositions and expositions, he immediately Impairs his advocacy seriously. When he makes two, the case Is quite irreparable. But what should be said of him if lie were to be refuted on, say nine points out of ten? He would be laughed out of his authoritative position and the re maining point would not be deemed worth while discussing. That is the situation of the British school of political economy of the last century; of Ricardo, of Jevons. of Malthus, of Sadler and indeed of Mill. They were all invincible free traders. In their day it did not much mat ter that their pontifle dicta were now and then pretty convincingly demol ished by continental political scien tists*. It did not even matter that Sadler on certain phases contradicted Malthus and that Macaulay contra dicted Sudler. Sufficient unto the world were the British in commerce and finance. They were successful far beyond other nations, hence their economists must be right—nothing, of course, succeeds like success. Not until protected Germany had successfully competed with Great Britain in exports was an important difci very made; England was a tight little island whoefe resources were confined to x'oal. iron and ships; whose crowded population of 40.000,000 de pended entirely on the triune men tioned. Of grains,* cattle, forests— the cardinal things in commerce— she was practically destitute. The Messrs. Ricardo, Mill, Jevons and the like had necessarily taken the English viewpoint. They had not had the faculty of detachment; they had been thoroughly suscepti ble to their environment. Germany’s practical dissolvent in fluence spread rapidly. Country aft er country set toward protection and allowed England to monopolize that which appeared to be good only for England. Naturally protection was carried too far in some countries. It reached the extreme of being regard ed as a strictly national policy in the sense of causing exchanges to be made exclusively within a country in stead of having some of it between countries. Then the reciprocity Idea germinated. Foreign protective countries have very gradually resorted to reciprocity arrangements as a method of reach- Currency Legislation Possible This Term Regional Reserves Included In Plan Now Being Worked Out by Senate Committee. WASHINGTON, April 19.—A cur rency bill, embodying a regional re serve plan, not only is expected to be presented during the present session of Congress, but action may be taken upon it before adjournment. This is the prediction of Senator Owen, chairman of the Senate Bank ing and Currency Committee. A measure is slowly being worked out to be known as the Owen-GlaM bill, which, before being introduced in the House by Representative Glass, of Virginia, ranking member of the House Currency Committee, and in the Senate by Mr. Owen, is expected to have the approval of President Wilson, Secretary McAdoo and promi nent authorities on currency ques tions. It is contemplated to divide the country into twelve or fifteen regional co-ordinate units. Each unit would have a reserve association, and over all the units there would be a super vising board of central control, but not a central reserve association. On the central board of authority the Government, as well as the vari ous units, would be represented. BIG DROP IN IMPORTS; EXPORTS FALL, ALSO WASHINGTON, April 19.—The for- eign trade of the United States for March does not compare well with the trade during March, 1912, according ;o the Bureau of Foreign and Domestic Commerce. Figures compiled by the Bureau of Statistics give the value of imports for last month as $155,461,400 as against $157,577,038 for March, 1912; the exports during the Rarpe period aggregating $187,354,559 as compared to $205,411,462 during March, 1912. Heaviest Buyer Not To Re-enter Market Rosin Factors Thrown Into Confusion by Inability of American to Resume Bidding. SAVANNAH, GA.. April 19.— Through the formal admission by the creditors’ committee of the suspend ed American Naval Stores Company of its inability to re-enter the open market as a buyer of rosins, the mar ket, which has been almost dead for 20 days, Is thrown into a worse state. This announcement was made at a meeting of the naval stores factors of Savannah and Jacksonville. The members of the creditors’ committee of the American Naval Stores Cam* pany were present, and every factor In the city also was on hand. The Jacksonville factors were represent ed by W. F. Coachman, acting for the Consolidated Naval Stores Com pany, and D. M. Flynn, representa tive of the Flynn-Hcrris-Bullard Company. J. Ward Motte, of the Producers’ Naval Stores Company, and president of the Savannah Board of Trade, presided. M. A. O'Byrne, president of the Hi bernia Bank and chairman of the creditors’ committee of the American Naval Stores Company, advised the factors that the American, the affairs of which are now in their hands, found it impossible to re-enter the market for the purchase of rosins. When the affairs of the American were taken over by the committee some weeks ago, the factorage houses were asked to hold the receipts of rosins until such time as the difficul ties of the American might be ad justed, this being done to sustain the general quotations. Following the statement that there is now only the moat remote possibility of the Ameri can again becoming a big buyer, Chairman O’Byrne formally withdrew the former request. The factors have decided to hold another conference Monday, at which time it is hoped to devise some solu tion of the question. There is at this time fully 16,000 barrels af rosins in factors’ hands. ing a more liberal policy; and this is undoubtedly the method of the Immediate future. Alrpos* all up-to- date economists regard reciprocity with favor. Whether England, in a general movement toward reciprocity, would profit more by holding aloof and ac cepting only the results of lower du ties as arranged by the other coun tires; or whether she would gain by threatening to impose duties of her own and then entering actively into the bargaining process—these are the questions which are now agitating the English people themselves—the peo ple among which free trade was born and for a long time flourished. It is, however, certain that what was good for England—so peculiarly situated—is not good for other na tions, otherwise situated. APPLE CROP SAFE. ASHEVILLE, N. C., April 19.—Not withstanding the unusual snow storm* in the mountains of Western North Carolina, during the past few days, fruit growers announce that the apple crop, for the season of 1913. which is the second industry of this section of the State, is safe. Ashe ville had a trace of snow during the week while Hendersonville reported four inches. Many of the apple trees, however, were partially protected from the w-eather and thia insures a crop. The apple industry in Western North Carolina roaches thousands of dollars In value annually. The fruit finds a ready market In New York, Boston, Cincinnati, Chicago and other large citiees. do. pfd. . . 10 W. Electric. . 63/ 2 63/ 2 63/ a W. Central . . 62/ 2 W. Maryland . 40 /b % % (’"Indicates gain; -indicates loss.) Total sales, 79,700 shares. 11.73 Closed . ! 11.63 11.71111.63 11.54 11.47 ll.33jll.33 11.30111.26 11.34 11.29 ll.29ill.23 11.32111.32 steady 11.64 11.64 11.47 11.33 11.27 11.29 11.33 11.32 11.63 111.75-80 11.63- 64111.74-75 11.64- 66111.75-77 11.63-65111.74-75 11.47-48111.59-60 11.29- 30111.38-40 11.26- 27111.32-33 11.29- 30 11.30-31 11.23-24 11.30-31 11.27- 29 11.34-36 & m LIVERPOOL COTTON. LIVERPOOL, April 19 —This market was due to open 8% points lower on May and 5 to points lower on other positions, but opened quiet at a net de- rilra of 5 to 6 points. The market o wed steady, 6% to 7 points decline ’ on near months and 5 to 516 points low er on distant positions. Soot cotton quiet at 7 points decline, mi/Trlllne 6 84d' sales 6,000 bales, includ- ftLTofS American bales; imports 5,000 bales, including 2.000 American bales Port receipts are to-day estimated at 12 000 bales, compared with 11,893 bales liot wpek and 26,170 bales for the same w«k fa« 'year, against 6,216 bales for the corresponding week the year before. Futures opened quiet. Opening Range. Close. Anpi1 .. ..6.59-6.57 6.58% A P r !i ;;-.V . 6.58-6.51% 6.54 * .6.55-6.53% 6 54% ‘ .6.55-6.65% 6.52% 6.59% .6.49-6.47 6.48% 6.65 '..6.32-6.37 6.38 .6.25-6.25% 6.25 '.6.17-6.16 6.16% 6.13%-6.13 6.13% .* .'6.12% 6.12% .6.11-6.12% 6.12% April-May . May-June . June-July . July-Aug. . Aug.-Sept. . Sept.-Oct. . Oct.-Nov. . Nov.-Dee. • Dec.-Win . Jan-Feb. . • Closed steady Prev. Close 6.65 6.61% 6.61 6.44% 6.38% 6.22 6.19 6.17% 6.16% THE WffATHER. Conditions. WASHINGTON, April 19.—The indica tions are that the weather will be fair to-night and Sunday over the region east of the Mississippi River. Temperature will he low’er to-night and Sunday in the Middle Atlanta and New England States, to-night in the Ohio Valley and lower lake region and Sunday in the South Atlantic and Gulf States, except Florida. There will be frost to-night in the region of the Great Lakes, the Ohio Valley and the North Atlantic States. General Forecast. .Following is the general forecast until 7 p. m. Sunday: Georgia— Fair to-night and Sunday; cooler Sunday. Virginia—Fair and cooler to-night and Sunday. North Carolina—Fair and cooler to night and Sunday. Florida—Fair to-night and Sunday. South Carolina, Alabama, Mississippi —Fair to-night and Sunday; cooler Sun day. Tennessee—Fair and cooler to-night and Sunday. Kentucky—Fair to-night and Sunday; cooler to-night. Houston. Augusta. . ■ Memphis- - St. Louis. .. Cincinnati. l ittle Rock 1913. 1912. 2,610 2,590 154 1,112 478 385 3,735 236 289 246 8 7.466 4,577 —^-COTTON _ SEED OIL Cotton seed oil quotation*- I Opening. I Closing. Spot Ai-nl May June July 7.19! August •_ ■ • 7 ]8 September ■ • ■ • s 92 October _• ■ 6 69 , November | |7.10®7.18 ' 7 £!3(fj 7.12 7.0967 7.12 ‘ '7 07(& 7.08 7 08617.09 7.0962 7.14 7.12&7.14 08*7.09 .10® 7.12 .1207.13 !7.]7<B7.18 '7.17ft 7.18 6.92@6.'.i3 ;6.65(0 6.89 SPOT COTTON MARKET. Atlanta, quiet; middling 12c. Athens, steady; middling 12%. Macon, steady; middling 12. New Orleans, quiet; middling 12 7-16. New York, quiet; middling 12.15. Philadelphia, quiet; middling 12.55. Boston, easy; middling 12.15. Liverpool, steady; middling 6.84d. Savannah, steady; middling 12%. Norfolk, steady; middling 12%. Augusta, steady; middling 12%. Mobile, steady; middling 12%. Galveston, steady; middling 12%. Charleston, steady;. middling 12%. Wilmington, very steady; middling 12. Little Rock, steady; middling 12. Baltimore, nominal; middling 12%. Memphis, steady; middling 12%. St. Louis, quiet; middling 12% Houston, steady; middling 12 9-16. Louisville, firm; middling 12%. Greenville, quiet; middling 11%. ATLANTA MULE AND HORSE MARKET (Corrected by the National Stock Yards Commission Company; C. G. Tur ner, President.) Mules. 14 to 14% hands, rough, good ages, $115 to $130 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 1230. 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. OUTSIDE SECURITIES. NEW YORK, April 19.—In the market for outside securities to-day business was practically at a standstill, with the general tone firm. Price fluctuations for the most part were within narrow limits. The mining list was slightly easier, small recessions being shown in Greene-Cananea. Ohio was firmer. The Tonopah stocks ruled about steady. The Silver shares w r ere quiet and un changed. Close: Bay State Gas 3 1-16@3%, Br. Amer ican Tobacco 23% @23%, Standard Oil 10.50® 11, Br. Col. 2% (0)3, 100 Con. Arlz. %@5-16, Davis Daly 1%@2%, 2,000 Gi roux 2%@5-16, 1,500 Greene-Cananea 7%@7%, 2,100 Kerr Lake 3%(03 5-16„ 100 LaRose 2%@2%, 500 McK. Dar 1 15-16@2, 140 Nipissing 9@9%. 1,504 Ohio Copper 15-16(01, 100 Tonopah Ext. 2%@2%, United Copper %<0%, United Copper preferred 3%<0>7, Yukon 2 9-16(0 2 11-16. LONDON STOCKS. LONDON, April 19.—Although the fortnightly stock exchange settlement does not begin until Wednesday of next week, realizing sales in anticipation of the settlement gave the market a heavy tone to-day. Trading was idle. Con sols closed at a decline of 1-16. Home rails were % lower. Discount rates were 3-16 per cent in Lombard Street, the lowest level of the week. Paris exchange on London 1 centime low'er at 25 francs 28 centimes, Berlin rate % pfennig higher at 20 marks 47% pfennig. Rand mines 71-16, DeBeers 21%. CHICAGO CASH QUOTATIONS. CHICAGO. April 19.—Wheat, No. 2 i red, 1.06%@1.09; No. 3 red, 1.00(01.03; i No. 2 hard winter, 92%@94%; No. 3 ! hard winter, 91(0,93; No. 1 northern | spring. 93@94%; No. 2 northern spring, 'i^@y3: No. 3 spring, 89(0 91. Corn, No. 2, 56%<0)57; No. 2 white, j 57% (0 58%; No. 2 yellow, 57(0)58; No. 3, I 55%@56; No. 3 white, 57(0.57%; No. 3 yellow, 56(057; No. 4, 51%@55: No. 4 white, 55%<056; No. 4 yellow. 54%@65. Oats, No. 2 white, 36%@37%; No. 3, I 33; No. 3 white, 35(0)36%; No. 4 white, 34@34%; Standard, 35%@36. CHICAGO CAR LOTS. Following are receipts for Saturday and estimated receipts for Monday: Wheat Corn Oats , Hogs | Saturday.! Monday ..I 48 44 159 5,000 71 72 96 35,000 PRIMARY MOVEMENT. WHEAT— 1913. 1912. Receipts .. ..494,000 285.000 Shipments .. .. CORN— .. ..496,000 269,000 Receipts 339,000 358,000 Shipments 909,000 468,000 The Atlanta National Bank in 1868 EPRODUCED herewith is a Condensed Statement of the Condition of the Bank about two and a half years after its organization. During the present remodeling of the bank’s quar ters, this document was found among some old Files safely stored in one of the fire and burglar-proof Vaults. A careful perusal of the figures affords an interesting compari son with the last published Statement. QUARTERLY REPORT OF THE CONDITION OF THE Atlanta National Bank, of Atlanta, Georgia ON THE MORNING OF THE FIRST MONDAY IN APRIL, 1868. NEW YORK BANK STATEMENT. NEW YORK, April 19.—Average statement: Excess cash reserve, $18,541,600; in crease, $5,691,500. Loans, decrease, $9,179,000. Specie, increase, $6,972,000. Legal tenders, decrease. $209,000. Net deposits, increase, $1,126,000. Circulation, decrease, $610,000. Actual Statement. Loans, decrease, $10,786,000. Specie, increase, $6,517,000. Legal tenders, decrease, $3,344,000. Net deposits, decrease, $6,288,000. Reserve, increase, $4,181,400. ST. LOUIS CASH. ST. LOUIS. April 19.—Traders evened up contracts in wheat to-day and prices were irregular after some early buying. Corn futures strong. Cash No. 2 red wheat 1.09, No. 2 corn 58%@59, No. 2 oats 35. Futures: Wheat, May 92, July 88% @88%; corn. May 55%@56, July 56%; oats, May 33%, July 34%. LIVE STOCK. CHICAGO. April 19.—Hogs-Receipts 5,000. Market 5c higher. Choice light 9.20(0-9.30. light mixed 9.10(09.20, prime light butchers 9.05(09.20, prime medium butchers S.00@9.15, prime heavy butch ers 9.05(09.12%, mixed packed 8.90(09.00, ; heavy packing 8.85(08.95. Cattle—Receipts 200. Market steady, j Good to choice steers 8.50(09.05, fair to good steers 7.25(08.50, fair to choice vealers 7.75(08.35, heavy calves 7.50(0 : 7.75, feeding steers 7.2i>@8.10, Stockers ) 6.50@7.75. Sheep—Receipts 1,500. Market steady. ! Fed yearlings 7(0 8, native lambs 8(0 8.60, | fed lambs 8.50(08.75, clipped lambs 7.25 @7.75, native yearlings 7(0 8, feeding lambs 7.50(08, good to choice wethers 6.40@7, good to choice ewes 6.25(06.50. ST. LOUIS. April 19. - Cattle—Re ceipts 200, including 100 Texans. Mar ket steady. Native beef steers 5.76(09, cows and heifers 4.50@8.75, stockers and feeders 5.25(08, Texas and Indian steers 6.25(0)8.50,. cows and heifers 4@7, calves in carload lots 5(@6.50. Hogs—Receipts 3,000. Market strong. Pigs and lights 7@9.20, mixed and butch ers 9(09.20. good heavy 9.05(09.15. Sheep—Receipts 500. Market steady. Native muttons 6(07. ASSETS. Loans and Discounts $ 61,956.75 Suspended debt 16,340.00 Bills of Exchange on New York 141,783.64 Overdrafts 3,045.69 Banking house 10,000.00 Furniture and fixtures 1,116.89 Current Expenses and Taxes 4,739.13 Premiums 2,775.00 U. S. Bonds Deposited with U. S Treasurer to secure Circu lating Notes LOO,000.00 LT. S. Bonds Deposited with U. S. Treasurer to secure De posits 100,000.00 City of Atlanta and County of Fulton Bonds 15,500.00 Due from Fourth National Bank, New York ..$62,421.31 Due from other Banks and Bankers 12,064.03— 81,485.34 Cash on hand, viz: Legal Tender Notes $96,400.00 circulating Notes of other National Banks 34,804.00 Fractional Currency—, 4,970.00 Cash Items 3,192.05— 139,366.05 $678,107.39 LIABILITIES. Capital Stock paid in $100,000.00 Circulating Notes 90,000.00 Individual Deposits 397,835.89 United States Deposits 27,795.56 Due to Banks and Bankers Surplus Fund Discounts $11,767.43 Exchange 2,616.98 Interest 986.89 Profit and Loss 38,413.17— 1,291.47 7,500.00 53,684.47 $678,107.39 MONEY AND EXCHANGE. NEW YORK. April 19.—Money on call nominal; no loans. Time loans weaker; sixty days 4% and ninety days 4% per cent; six months 4%(04%. Prime mer cantile paper 5%<0 6 per cent. Sterling exchange steady with actual business in bankers’ bills at 4.8310 for sixty-day bills and at 4.8640 for demand. Com mercial bills 4.82%.' BUTTER AND EGGS. CHICAGO, April 19.—Butter and eggs held firm. Butter receipts 4,913 tubs, creamery extras 34, extra firsts 32%@ 33, firsts 31%(032, seconds 30@31. Eggs—Receipts 26,226 cases; ordinary firsts 17, firsts 17%, prime firsts 19@20, extra 21, checks 14, dirties 10. — Heavy draught horses, finish, $210 to gales 10 ' 800 barrels - * 300 ’ NEW YORK SUGAR. NEW YORK, April 19.—All grades of f sugar unchanged. The European beet sugar market was steady and un changed at 9s 4d for April, 9s 9%d for May and 10s for August beets. Nets occupy strong positions in the lace and_ embroidery field. Novelty • meshes leading the list. I, William H. Tullor, Cashier of the Atlanta National Bank, do solemnly swear that the above statement is true, to the best of my knowledge and belief. W. H. TULLER, Cashier. State of Georgia, County of Fulton. Sworn to and subscribed before me, this 9th day of April, 1868. PAUL ROMARE, Notary Public. 45 Years Later STATEMENT OF CONDITION (Condensed) APRIL 4, 1913. 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, 5.60 @6.00; medium to good steers, 700 to 850, j 5.25(05.75; medium to good cows, 700 to , 800, 4.50(0 5.00; good to choice beef cows, 800 to 900. 5.00(0)5.50; medium to good heifers. 6.50@7.50; good to choice heif- j era, 750 to 850. 5.00@5.50; medium to; good heifers, 650 to 750, 4.25(04.75. The above; represent ruling prices of ! good quality of beef cattle. Inferior grades and dairy type selling lower. Mixed to common steers, if fat, 800 to 900, 5.00@5.50; medium to common cows, if fat, 700 to 800, 4.25@4.75; mixed com mon, 600 to 800. 3.25(04.25; good butcher bulls, 3.50@4.50. Prime hogs. 160 to 200 average. 8.90(0; 9.25; good butcher hogs. 140 to 160, 8.75 a 9.00; good butcher pigs. 100 to 140. J 35(08.75; light pigs, 80 to 100. 8.00@ 8.50: heavy rough hogs, 200 to 250, 8.25 @8.75. Above quotations apply to corn-fed hogs, mash and peanut-fattened hogs, j 1 to 1 %c under. ,, Lm ASSETS. Loans and Discounts $6,289,673.73 United States Bonds 1,125,000.00 Other Bonds and Stocks 119,235.65 Banking House 800,000.00 Due from United States Treasurer... 50,000.00 Cash On Hand 516,708.23 Due from Banks 1,034,346.07 1,601,054.30 $9,934,963.68 LIABILITIES. Capital Stock ,...$1,000,000.00 Surplus and Undivided Profits 1,278,621.54 Circulation 953,047.50 Deposits:— Individual 5,779,387.42 United States 131,432.90 Banks 777,474.32 6,688,294.64 Reserved for Taxes and Interest 15,000.00 $9,934,963.68 Accounts Invited The reputation of this institution for forty-eight years of successful and satisfactory banking is the strongest evidence that we y- qualified to render the best possible service. The' counts of Corporations, Firms and Individuals are respectfully invited. Atlanta National Bank ruF =^= .r ,;i.