Newspaper Page Text
THE ATLANTA GEORGIAN AND NEWS, rtffMY. APRIL 25, 191C
The following
highest, lowest
gether with the
Stock quotations:
High.
75*4
Grand Total in This Country Four i
and One-half Billions—$45
for Each Person.
STOCK—
xAmal. Cop
Am. Ite Sec... 25' „•>
Am. Sug. Ref.. 111%
By B. C. FORBES.
The United States has more sav
ings bank deposits than any other
country in the world. It has four times
as much as France, as much as
France and Germany combined and
not far from half as much as all
other countries combined. Its grand
total is $4,500.000.000—four and a half
billions of dollars. The average to
each depositor is $445. If the total
were distributed, every man. woman
and child in the Union would get fully
$45.
68' j
35
49 7 h
46
38
101!
I shall not set forth the facts
the savings bank situation in New
York State. The conditions will be
found, on close examination, to apply
in some particular to nearly every
State in the Union.
New York State alone has savings
bank deposits of $1,690,000,000. This
is half as much again as the whole
of the United Kingdom and is not
very far from twice the amount held
in Franch.
This stupendous sum is »n urgent
need of additional protection. loo
many savings banks in the Empire
State are hoverinq danaerously ^® ar
the bankruptcy line. Some of them
have not a reserve of $1 for each $iUJ
on deposit. Worse still, there is no
law enabling the authorities to en
force the correcting of this alarming
deficiency. Nothina more deplorable
could be imagined than any untoward
incident which would start a stam
pede of the 3.000,000 savings bank de
positors in this State which might
spread to the 10,000,000 depositors
scattered throughout the Union.
All danger can be averted by prod
ding Albany Legislators into passing
a bill now before them “to amend the
banking law, in relation to the crea
tion of a reserve fund for savings
banks." Voters should let their State
Representatives know verv emphat
ically that no shilly-shallying with
this vitally important and necessary
measure will be tolerated. The need
for action WITHOUT DELAY is im
perative, but opposition is being en
gineered by certain politicians who
put their pockets before patriotism.
The proposed law is not revolu
tionary. It will upset nothing. It
will not stop the payment of a single
savings bank dividend. A few insti*
tutions which have no business to be
paying more than 3 1-2 per cent
would be obliged to keep to that rate
until thev had built up a reserve
offering reasonable protection to its
patrons. This is a light price to pay
for the removal of the very grave
danger that will be engendered by the
defeat of the bill. At present the
State Banking Department is abso
lutely powerless. Its hands are tied.
It cannot lift a finger until a bank’s
solvency has been 'impaired! It can
not lock the stable door until the
horse has been stolen.
34
94'
o0
129'
34
90
99'
Am. Smelting.
Am. Locomo..
Am. Car Fdy..
Am. Cot. Oil..
Am. Woolen...
Anaconda ....
Atchison
A. C. L
American Can
do, pref. . .
Am. Beet Sug.
Am. T.-T.
Am. Agricul
Beth. Steel.
B. R. T.
B. and O.
Can. Pacific.. 242
Corn Products 10 3 .
C. and 0 67 1
Consol. Gas. . 130
Ccn. Leather.. 25
Colo. F. and I..
Colo. Southern.
D. and H 160
Den. and R. G.
Distil. Secur.... 16'
Erie 29'
do, pref. 44'/
Gen Electric. 139'
Goldfield Cons. .
G. Western
G. North, pfd. 127
G. North. Ore. 34
Int. Harvester 103 7
III. Central. . 116
Interboro ....
do, pref. .
Iowa Central
K. C. South
K. and T.
do, pref.
L. Valley. .
L. and N. .
Mo. Pacific.
116* 8
56' 4
233/4
60
159'
37-*
N. Y. Central 101%
Northwest..
Nat. Lead .
N. and W. .
No. Pacific.
O. and W. .
Penn. .
Pacific MPl
P. Gas Co. .
P. Steel Car
Reading . .
130
105'. 2
115' a
30%
114» 8
111' 2
2534
163'' 4
Prevention is cheaper. Once let dis
aster break out. and there might be
no cure. Remember. $1,690,000,000 de
posits are at stake in New York State
alone, and $4,500,000,000 throughout
the country. Moreover, an upheaval
among savings banks would precipi
tate panic among every other class
of banking institutions.
Rock Island .
21' 2
do. pfd.
36
R. 1. and Steel
24'*2
do. pfd.. .
83 7 a
S.-Sheffield .
So. Pacific. .
99' g
So. Railway
2B>/ 2
do. pfd.. .
77%
St. Paul . .
108' 2
Tenn. Copper.
341/2
Texas Pacific.
Third Avenue
Union Pacific.
152%
U. S. Rubber
62
Utah Copper .
53
U. S. Steel .
61%
do. pfd..
108%
V.-C. Chem.
32%
W. Union. . .
66' «
Wabash . .
do. pfd.. . .
W. Electric. .
W. Central . .
W. Maryland
Total sales,
354,40(
dend, 1' 2 per
cent.
table
shows the
and
close
to-
previous c
lose:
CIOS.
Prev.
Low.
Bid.
Close.
74%
73%
76'a
25' 4
25' 4
25' 2
111>4
11134
113
671*
67'/ 2
66' 4
35
34 >4
35
49' 4
493
50
45%
45'/i
46'/ a
20
21
37' 2
377 b
38
101
101
101'/,
121
121'/,
33' „
33
34%
94' 8
93' ;
#3'/ a
30
29 7 b
30 1
129 '/ 4
129'4
127
50
55
33' 2
8» s 4
89%
90
98%
98' 4
95%
241' 4
2411a
240
10%
10%
10%
66/2
65' 4
67%
130
129
131
24' /2
24' ' 2
24%
32%
32
30
30
159
157
159
20' 2
16' 2
16'/«
16'/a
28%
28'/a
29'-,
43%
43' •
44/4
139' 2
138%
139' 2
2
14%
14'/,
126'«
129
127
34
34' 2
34
103 7 8
103
104
113%
114%
116'/ 4
116' 2
114'/ 4
116/4
54%
54'/,
56
8
23%
23', 2
25'/,
25'/,
60
60
60', a
158'/,
157', 2
158%
133' B
133%
37'/,
36' 2
37'/*
101* 2
101%
10V/2
129' a
129
130
49
49
105
104%
105'/,
114?a
114%
115
30
30
30
114' a
114', 4
114%
24'/,
24' 4
1 l0'/ 2
109^4
111
24'/,
24' 4
25
161%
161 ■„
162%
21'/,
21'/,
21%'
35'/a
35%
36'/,
24'/ a
24
2434
83n
83' 2
84
30
30
98', 2
98%
98%
25'/*
25
25'/*
77%
77
77/2
107' 4
107%
108%
34'%
34' *
35
171/*
17
34' 4
35
151'/2
151' a
152'/,
61'/,
60' 4
62»/ 4
52'4
52
52%
60 7 a
60%
61%
108%
108' 4
108%
32' 2
321/2
32' a
66
66
62' 4
3
3
10 a
10%
63
63' 2
52
54%
37%
38
ACREAGE FIGURES
SEND COTTON OFF
COTTON GOSSIP
General Selling Follows Bearish
Report of New York Author
ity in the Trade.
NEW YORK, April 25.—With a great
portion of the Hhort interest eliminated
and several long lines liquidated, the
low-priced men have more confidence in
1 the Hhort side. All old recent bullish
| factors have been discounted. River
ws is discounted ami in the overflowed
district reports are optimistic.
I’Jordan was a good buyer of new’
crops The ring crowd, after selling,
bought old crops, most of which was said
o be for short covering.
Schill bought October and December,
also Riordan.
NEW YORK, April 25.—The New
York Commercial’s annual cotton acre
age estimate this morning, which placed
1913 at 36,455,810 acres, proved a bearish
force in the cotton market. Prices,
however, opened only 1 to 4 points off
from last night’s close. Offerings were
Immediately increased. The ring ham
mered; also, Wall Street, with the result
of May, July and August dropping 10
points from the initial level. July soon
increased its decline to 11 points. Later
positions, especially October and De
cember, received fairly good support
from the large spot housps, and their
recessions were held within a few points
of the opening.
The report was construed as bearish
when compared with the census bureau
acreage estimate last year of 34.097.000
acres and 36,681,000 acres for 1911, when
the “bumper crop” was produced.
The reactionary tendency was sus
tained throughout the morning session
ami prices were kept at the early low
level.
The market was friendless during the
late forenoon, with the exception of
scattered buying by commission houses.
There was no evidence of any special
support. The hulls were inclined to
withdraw, waiting for the selling move
ment to pass.
The decline was helped along by the
absence of heavy frost, which was pre
dicted for Oklahoma. Weather condi
tions were favorable over the belt.
Many are inclined to the belief that
the market should have a good reaction,
but it is not expected until after May
is out of the way. The market is en
tirely a weather affair.
The support is said to be from strad
dles, buying here and selling in other
markets. It also was said that the re
port of mill takings for the week would
be ol an unfavorable character. This
brought scattered short covering, but
prices failed to bulge to any great ex
tent. May was steadied around 11.37;
July, 11.4 4, August, 11.30; October, 11.16
and December, 11.18.
At the close the market was steady
with prices showing a net decline of 9
to 17 points from the final quotations of
Thursday.
RANGE IN NEW YORK FUTURES.
Wilson bought 10,000 bales of July at
11.45.
Room traders were bearish. Sentiment
continues bearish.
Demand Abroad and Heavy Buy
ing From Conservative Quar
ters Cause Gains.
A levee is said to have broken at
CHICAGO, April 25.—Wheat advanced
as much as lc this morning on the
strength shown abroad, on which there
was heavy buying by shorts at Chicago
The Buenos Ayres market was again
higher, along with the others. North
western receipts were largely in excess
ATLANTA MARKETS
Krotz Spring, opposite Baton Rouge, La. | ( ,f a year ago. World’s shipments for
* • * Monday are expected to equal the pre-
Dallas wires: “Texas generally clear
ami pleasant; Oklahoma clear ami cold;
frost reported.’’
Following are 11 a. m. bids:
1.38: July, 11.46; October, 11.18;
uary, 11.13.
May,
Jan-
NEW ORLEANS, April 25. —Hayward
Clark: The weather map shows fair
In Texas; Atlantics cloudy; Central belt
fine; rains in South Texas; heavy rains
n the Mississippi delta and Louisiana;
me elsewhere. The cold wave has re
ceded farther North and all danger from
seems past. Indications are for gen
eral rains in the Central and Eastern
States; fair in West and warmer.
Liverpool cables: “American middling
fair. 7.29; good middling, 6.95; middling,
.77; low middling, 6.61: good ordinary,
i.27; ordinary, 5.93.’'
Little Rock wires: “Raining here
since last night, and cold; looks like
more rain."
It is rumored about 1,200 notices arc
out against May. Several of them were
■topped.
vious week and to exceed the corre
sponding week a year ago and a de
crease on passage is looked for.
Corn was a weather affair and was
tip %c to %c, with shorts the buyers.
Argentine weather is favorable and Liv
erpool was a fraction lower. Argen
tine shipments were larger than com
parative periods.
Oats were a shade better with corn.
Provisions were higher- with hogs at
the yards.
The fact that May wheat was under
selling pressure during the entire day,
and that the matter of price failed to
call a halt on the selling, was the real
factor as well as feature of the day. It
was the weakening help of the session,
and as the May future came out of
the hands of longs In lots to suit, the
shorts absorbed it in a goodly fashion,
but at times they were seen to hack
away from it.
The fact that there is nearly 2.000,000
bushels of wheat here and to arrive
from Duluth drove many holders of the
May out of the grain. Wheat closed %
to %c better. Corn was unchanged to
1 to %e off. and oats were Vs to Vic off.
Cash sales were 75,000 bushels wheat;
corn, 90,000 bushels, and oats, 90,000
bushels.
Provisions were a little higher.
EGGS—Fresh country, candled, 15©
16c.
BUTTER—Jersey and creamery, in
l-lb. blocks, 27%©30c. fresh country,
fair demand, 17%©22%c.
DRESSED POULTRY—Drawn, head
and feet on, per pound: Hens, 55©55c;
fries, 22%©25c; roosters, 8©10; turkeys
owing to fatness, 20©22%c.
LIVE POULTRY—Hens, 50© 55c;
roosters 25@30c, fries 35©40c, broilers
30©35c, puddle ducks 30©35c, Pekin*
35©40c, geese 50©>60c each, turkeys, ow
ing to fatness, 18©20c.
FRUITS AND PRODUCE.
FRUITS AND VEGETABLES—Lem
ons fancy $6.00 grapefruit $2.75© 3.00,
cauliflower 10©)12%c lb., bananas, 3c per
pound, cabbage 31©1.10 crate, peanuts
per pound, fancy Virginia, 6%©)7c,
choice 5%@6c, lettuce fancy $2.50©.300,
beets $1.00© J.25 in half-barrel crates,
cucumbers $2.2o©2.50.
Egg plants 1 scarce) $2.25©>2.75 per
crate, pepper $2.50© 2.75 per crate, to
matoes fancy, six-basket crates $2.25©
pineapples $2.50©2.75 per crate,
onions 60© 65c per bushel, sweet pota
toes, pumpkin yam 65©70c. strawber
ries 10© 12%c per kuart, fancy Florida
celery $2.50©3.00 per crate, okra, fan
cy 6-basket crates $3©3.00.
FISH.
•) JK
3 A
bt U
Ai>
• •
.. 11.40
iTTyT
59
My
11
46
11
4611
31
IT
83 11 JW'
34111.47
48
.III
11.41
43,11.57
59
Jly
ii
53
ii
64|11
37
ii
39111.39
40 11.55
56
Ag
11
3ll
11
39 11
24
11
25)11.26
26)11.41
42
Spt
n
1
11
19111
19
1 1
19)11.13
15 11.23
25
Oc
11
IX
11
20; n
10
11
12)11.12
13 11.21
22
Dc
11
20
11
21 11
12
11
14 11.14
15)11.24
25
Jn
11
14
11
1711
07
11
10 11.00
lOill.lX
19
M h
Ll
30
11
20 11
16
11
15)11.14
16)11.24
26
The New Orleans Times-Democrat
says: “The fear of frost in Texas re
strained sellers of new crop deliveries
and a lingering suspicion that tenderable
cotton may be in demand in May helped
the old crop positions. Nevertheless,
many people, deep down in their hearts,
believe the new crop is making much
better progress than last year and that
trade support of May will not develop
anything bordering on abnormal
itrength.
“New York has begun to discover rea
sons why less cotton than once expected
will be taken on May contracts and New
Orleans, while still confident some cot
ton will be taken up. has begun to dis
cuss the probable volume of such trans
actions in a greatly modified way.
However, on this score, history, not
prophecy, will keep the record straight.”
CHICAGO GRAIN MARKET.
Grain quotations:
FIUII—Bream and perch, 7c pound;
snapper, 10c pound; trout, 10c pound;
bluefish, 7c pound; pompano, 20c pound;
mackerel, 7c pound; mixed fish 5@6c
pound; black bass, 10c pound; mullet, $12
per barrel.
FLOUR AND GRAIN.
FLOUR—Postell’s Elegant $7.75,
Omega $7.50, Carter’s Best $7.75, Qual
ity (finest patent) $C.G5; Gloria (self-
rising) $6.50, Results (self-rising). $6.25;
is wans Down (fancy patent) $6, Victory
(the very best patent), $6.65, Mono
gram $6. Queen of the South (finest
patent) $6.60, Golden Grain $5.60, Fault
less (finest) $6.25, Home Queen (high
est patent) $5.85, Puritan (highest pat
ent) $5.85, Paragon (highest patent)
$5.85, Sunrise (half patent) $5.25, White
Cloud (highest patent; $5.50. White
Daisy (high patent) $5.50, White Lily
(high patent) $5.50, Diadem (fancy high
patent) $5.75, Water Lily (patent) $5.15,
Sunbeam $5.25, Southern Star (patent;
$5.25, Ocean Spray (patent) $5.25, Tulip
(straight) $4.15, King Cotton (half pat
ent) $5, low grade 98-pound sacks $4.
ball potash $3.30 per case, soap $1.50©
4 per case, Rumford baking powder $2.50
per case.
CORN—Choice red cob 85c. No 2
white bone dry' No. 2 white 80c, mixed
74c, choice yellow 76c, cracked com 80c.
MEAL—Plain 144-pound sacks 75c, 116-
pound sacks 77c, 48-pound sacks 79c,
24-pound sacks 81c, 12-pound sacks 80c.
OATS—Fanck white clipped 54c, No. 2
clipped 53c. fancy white 52c, mixed 51c.
$28.50; prime $27.50% creamo feed $25.’
COTTON SEED HULLS — Square
sacks $14.50.
SEEDS—(Sacked): Wheat, Tennessee
choice Burt 70c, rustproof 60c, Okla-
blue stem $1.60, German millet $1.65,
amber cane seed $1, cane seed, orange
$1, rye (Tennessee) $1.25. red top cane
seed $1.35. rye (Georgia) $1.35, blue seed
oats 50c, barley $1.25.
HAY—rPer hundredweight: Timothy,
choice, large bales. $1.30, No. 1 small
bales. $1.25, No. 2 small, $1.15; Timothy
No. 1, clover mixed, large bales, $1.25,
sliver clover mixed hay $1.15, Timothy
No. 1, clover mixed, $1.15; clover hay,
$1.10, alfalfa hay, choice green $1.30, No.
1 $1.20, wheat straw 70c, Bermuda hay
85c.
PROVISION MARKET.
(Corrected by White Provision Co.)
Cornfield hams. 10 to 12 pounds aver
age. 19c.
Cornfield hams, 12 to 14 pounds aver
age, 189ic.
Cornfield skinned hams, 16 to 18
pounds average 19%c. 2
Cornfield pickled pig’s feet, 15-pound
kits, $1.25
Cornfield jellied meat in 10-pound
dinner pail, 12%c.
Cornfield picnic hams, 6 to 8 pounds
average, 13 %c.
Cornfield breakfast bacon 24 %c.
Grocer style bacon (wide or narrow),
18%o.
Cornfield fresh pork sausage (link or
bulk) 25-pound buckets, 12%c.
Cornfield frankfurters, 10-pound box
es, 12c.
Cornfield bologna sausage, 25-pound
boxes, 10c.
Cornfield luncheon hams, 25-pound
box**. 13%c.
Cornfield smoked link sausage,
pound boxes, 13Vic. •
Cornfield smoked link sausage,
pound boxes, 10c.
Cornfield smoked link sausage
pickle, 50-pound boxes, $5.00.
Cornfield pure lard, tierce basis. 12%c.
Country style pure lard, 50-pound
tins, 12%c.
Compound lard (tierce basis), 894c.
D. S. extra ribs, 12%c.
D. S. rib bellies, medium average, 13V4
D. S. bellies, light average. 13%c.
FEEDSTUFFS.
SHORTS—White, 100-lb sacks $1.7$
Halliday, white, 100-lb. sacks $1.7?
25-
23-
in.
Coal Exports Grow
To Huge Figures
United States Greatest Producer but
Third in Rank as Exporter.
Canada Best Customer.
Coal exports from the United
States in the current fiscal year wil
approximate $90,000,000 in value
against $60,000,000 in 1909. These fig
ures include the coal and coke ex-
ported to foreign countries and tha
coal supplied to vessels engaged In
the foreign trade. Figures for the
nine months ended with March, com
piled bv the Bureau of Foreign and
Domestic Commerce, show’ anthracih
coal exported to foreign countries
3,383,126 tons, valued at $18,031 093
bituminous coal. 11,013,909 tons, val
ued at $27,908,998; coke, 649,941 tons
valued at $2,384,439, and the coal’
supplied to vessels in the foreign
trade, 5,377,041 tons, valued at $17-
362,100, making a total for the nine
months of 20,000,000 tons, valued at
$66,000,000.
Canada is by far the largest pur
chaser of the coal exported from thf
United States. Practically all of the
anthracite coal passing out of the
country goes to Canada.
The United States stands third in
the list of coal exporting nation®
though clearly at the head of the list
of the world’s coal producers. The
coal production of the world averages
about 1,200,000,000 long tons per an
num, of which the United States pro
duces about 38 per cent, the United
Kingdom 24 per cent, Germany 20 per
cent, Austria-Hungary \ per cent and
France 3 per cent.
Following are 10 a. m. bids: May,
12 16; July, 12.01; October, 11.26; Jan
uary, 11.28.
Estimated receipts for Saturday:
1913. 1912.
New Orleans 2,300 to 2,900 2,912
Galveston 2,500 to 3,500 3,554
Closed steady.
TO DAY’S PORT RECEIPTS.
LIVERPOOL COTTON MARKET.
LIVERPOOL, April 25.—Due un
changed to 1 poinl higher on near po
sitions. and unchanged to % point lower
on distant months, the cotton market
here opened quiet at a net advance of 1%
to 2 points from Thursday’s close. At
12:15 p. m. the market was quiet and
steady, % point higher. Later the mar
ket advanced 1 point from 12:15 p. m.
Spot cotton 6.77d: sales 6,000 bales, in
cluding 5.4(H) American; imports 1,000
bales, none American.
The following table shows receipts
at the ports to-day compared with the
same day last year:
High.
Low.
Previous
Close. Close-
WHEAT—
May 93%
9214
92%
92*8
July 93%
92 Vi
92%
91%
Sept 92%
91%
91%
91%
CORN—
May 55 5 /h
55%
55%
OU /4
July 56%
55%
55%
55%
Sept 57
* 56%
56%
56%
OATS—
May 35%
34%
341.,
35 Vs
July..... 35
34%
34%
34%
Sept 34%
34 %
34 V,
34%
PORK—
May.... 19.97%
19.77%
19.77%
19.80
July.... 20.00
19.80
19.80
19.92%
Sept. ... 19.75
19.57%
19.57%
19.72%
GROCERS.
LARD-
May.
July’.. .
Sept...
RIBS
May.. ..
July....
Sept...
11.1.2%
11.05
11.07%
11.02%
10.95
10.95
11.02%
10.95
10.95
11.10
11.00
11.00
11.50
11.17%
11.02%
11.40
H.07%
10.87%
11.40
11.07%
10.87Vi
11.45
11.00
11.00
last week and
against 9,535 ba
1911.
32,327 bales last year,
the
points from
Thursday.
Futures opened quiet.
Opening
The great majority—nearly all—of
our savings banks have been capably,
unselfishly and patriotically managed.
They are philanthropic institutions.
The trustee of a savings bank accepts
a sacred office. His duty is not to pay
unwarranted rates of interest in order
to outdo a rival organization, but
first, last and all the time to insure
the absolute safety of every dollar
entrusted to his care.
The savings banks, however, have
been victims of circumstances. You
to the very finest securities in the
land. But do you also know that
LAFiGE INTERESTS
SEEL OLE STOCKS
April . . .
April-May
May-June
i June-July
I July-Aug.
i Aug.Sept
Sept.-Oct.
Oct.-Nov.
Nov.-Dec.
Dec.-Jan.
Jun.-Feb.
Feb.-Mch. . . .6.08
Closed steady
Range.
.6.62%-6.50
• 6.46%
6.47 -6.46
Close. Close.
6.49 6.50V
6.44% 6.46
6.44 ‘
.6.45%-6.44% 6.42% 6.44
.6.42 Vi-6.41
.6.32%-6.32
.6.19%
6.39
6.29
.6.13
.6.09
-6.12
.6.08 -6.07
6.09% 6.11
6.06% 6.08
0.05% 6.07
6.04% 6.06%
G.05% 6 07%
1
1913. |
1912.
New Orleans. . .
1,488 i
2,148
Galveston
4,248
2,442
Mobile
298
381
Savannah
1,405
2,984
Charleston. . . .
88
163
Wilmington. . .
123
506
Norfolk
1.008
1.401
Baltimore. . . .
1.652
1,315
New York
82
Boston
ii
21
Brunswick. . .
2.193
2.002
New r port News
2,563
558
Pensacola
1,700
800
Port Arthur. . . .
12,000
Pacific coast . . .
1,708
Various
42
Total
16,775
29,553
INTERIOR
MOVEMENT.
1913.
1912.
Houston
1.671
2,146
Augusta
281
667
Memphis
1.837
209
St. Louis
3,123
1,547
Cincinnati
149
2,539
Little Rock . . . .
!
151
Total
7,061
7,259
CHICAGO CASH QUOTATIONS.
CHICAGO. April 25.—Wheat, No. 2
red, 1.08@ 1.10%: No. 3 red, 1.01©>L05;
No. 2 hard winter, 94%©96; No. 3 hard
winter. 93®94%; No. 1 northern spring,
95@95%; No. 2 northern spring, 94@94%;
o. 3 spring, 91©)93.
Corn. No. 2. 56© 56%; No. 2 white, 58@
%: No. 2 yellow. 56@57; No. 3, 55@56;
SUGAR—Per pound: Standard granu
lated 5c. New York refined 4%c, plan
tation 4.85c.
COFFEE — Roasted (Arbuckle’s)
$24.50, AAAA, $14.50 in bulk; in bags and
barrels, $21; green 20c.
RICE—Head 4%@5%c, fancy head 5%
@6%c, according to grade.
LARD—Silver leaf 13e pound, Scoco
8%c pound, Flake White 8%c pound,
Cottolene $7.20 per ease, Snowdrift $5.85
per case.
SALT—One hundred pounds, 53c; salt
brick (plain) per case, $2.25; salt brick
(medicated) per case. $4.85; salt red
rock per hundredweight $1; salt white
per hundredweight 90c, Granocrystal,
per ease, 25-lb. sacks, 75c; salt ozone,
per case, 30 packages, 90c; 50-lb. sacks,
30c; 25-lb. sacks 12c.
MISCELLANEOUS — Georgia cane
syrup 37c, axle grease $1.75, soda
crackers 7%c pound, lemon crackers 8c,
oyster 7c, tomatoes (2 pounds) $1.65
case, (3 pounds) $2.25, navy beans, $3.25;
Lima beans 7%c, shredded biscuit $3 60,
rolled oats $3.90 per case, grits (bags)
$2.40, pink salmon $7. cocoa 38c, roast,
beef $3.80, syrup 30c per gallon, Sterling
dandy middling 100-lb. sacks $1.75. fan
cy, 75-lb. sacks $175. P. W., 75-lb. sacks
$1.60, brown, 100-lb. sacks $1.55. Georgia
feed, 75-lb. sacks $1.55, clover leaf. 75-
lb. sacks $1.60, bran, 75-lb. sacks $1.30,
100-lb. sacks $1.30, 50-lb. sacks $1.30,
Homeoline $1.60, Germ meal-Homeo
$1.60.
CHICKEN FEED—Beef scrap, 100-lb.
sacks $3.25. 50-lb. sacks $1.65, Purina
pigeon feed $2.15, Purina baby chick
feed $2, Purina scratch, 100-lb. sacks
$1.85, 50-lb. sacks $1.95, Purina scratch
bales $2.05, Purina chowder, 100-lb. sacks
$2, Purina chowder, dozen pound pack
ages $2.20, Victory baby chick $2, Vic-
If you have anything to sell adver
tise in The Sunday American. Lar
gest circulation of any Sunday news
paper in the South.
tory scratch, 50-lb. sacks $1.90, 100-lb
sacks $1.80. wheat, 2-bushel bags, pf-r
bushel $1.40, oyster shell 80c*. special
scratch, 100-lb sacks $1.80. Eggo $1.85
charcoal. 50-lb. sacks, per 100 pounds
GROUND FEED—Purina feed, 175-lb
sacks $1.65. 100-lb. sacks $1.65, Purina
molasses feed $1.55, Arab horse feed
$1.65, Alineeda feed $1.65, Sucrene dairy
feed $1.50, Monogram, 100-lb. sacks $1.6(\
Victory horsefeed, 100-lb. sacks $1.60'
A. B C. feed $1.50, Milk dairy feed $1.6o!
alfalfa molasses meal $1.75, alfalfa meal
$1.40, beet pulp, 100-lb. sacks $1.55,
homa rustproof 60c. Appier 70c, winter
grazing 75c, oats, black seed 50c.
COTTON SEEb MEAL — Harper,
crushed oats. 100-lb. sacks $1.75.
We have six second-hand wagons for sale cheap.
HENRY MEINERT COAL CO.
59 South Boulevard.
WAYWARD A CLARK'S
DAILY COTTON LETTER
Professional Element Inclined To
Be Bearish, and Liquidation
Is in Evidence.
j NEW ORLEANS, April 25.—The chief
weather development overnight was
—
that the cold wave diminished in inten
slty and receded from the belt, thereby
removing further danger from this
COTTON MARKET OPINIONS.
Logan & Bryan: We think we will
see lower prices, although rallies may
be expected from time to time.
Miller & Co.: We advise sales of new
crops, until, the present splendid out
look becomes impaired.
Norden & Co.: We think conservative
purchases on easy spots are advisable.
Atwood, Violett & Co.: We think the
rally may go further, in which event we
think it would prove profitable to resell.
By CHARLES W. STORM.
NEW YORK. April 25.—Bearish re
ports of the dividend position of Illinois
Central made that stock one of ’the
these securities have been sinking, weakest on the list at the opening of
sinking, sinking in value during re
cent years? Competition for capital
has been so keen throughout the
world that borrowers—Governments,
States, municipalities, railroads, pub
lic utility companies, industrial cor
porations, mercantile firms and indi
viduals—have raised interest rates to
such heights that the older bonds.
3, 3 1-2 or 4 per cent, have
the market to-day Illinois Central
opened at 116. or at a lose of %, and
Immediately dropped to 115.
Canadian Pacific followed its London
lead, whore it was strong on Berlin
purchasing. It opened here at 241% for
a gain of 1%.
The list had an irregular appearance
end of half an hour’s trading.
carrying o. o i-t or t por tem, navcj ju
naturally fallen in price since they , . , „ . . .
yield 80 much less than the ones now I A, " alKamau,,i Co PP'“ r - which 3 " ld ex ‘
being offered. dividend of 1%, opened at .5% against
* * I 76% at the closing last night ljehigh
New York Central 3 1-2 per cent j Valley opened % up, but lost Its ad-
bonds, which sold above 111, are now | vame United States Steel common be-
worth only 84. New York City’s 4 j gan at 61% for a fractional gain, but
per cent bonds have fallen from | 1,,st 'he advance and sustained a net
source. . ...
Liverpool came in about one better
than due. but spots sales were small.
Political nows is unfavorable. All Eu
ropean capitals express concern over the
gravity of the situation.
The New York Commercial estimates
the acreage for 1918 at 36,455,810, an in
crease of 6.9 per cent, of which 10 per
cent Is In Texas and 12 per eeut in
Oklahoma, while Georgia is given a de
crease of 3 per cent. The market de
clined in the early trading to 14.98 for
July and 11.24 for October, principally
on selling on better weather than ex
pected. but the decline was contested
and prices soon rallied. New’ York re
ported a better feeling, less liquidation
and more buying by strong houses.
COTTON SEED OIL.
Cotton seed oil quotations:
Opening 1 Closing
Spot . . . .
April . , .
May . . . .
June . . . .
July . . . .
August . . .
September .
October . . .
November .
Crude
| 7.00©>7.30
7.03@7.06
7.03© 7.08
7.07 @7.08
7.13©7.14
7.11©\ lo
6.84©6.87
6.55@6.57
7.00© 7.50
1 7.00@7.01
6.99© 7.01
7.01@7.03
7.03@7.04
7.08@7.09
7.07© 7.09
6.67© 6.77
6.51@6.55
6.00
Closed heavy; sales 16,800 barrels.
RANGE NEW ORLEANS FUTURES.
103 1-2 to 92 1-2. Atchison 4 per
cents, once worth 106, are now below
93.
You can thus sec how the assets
of the savings banks have shrunk in
value. Incidentally, I do not believe
♦he decline in bonds will go appre
ciably farther, but that is not the
point.
THE WEATHER.
e will
rains
valley,
tes and
WASHINGTON. Vpril 25. -Th< t
be unsettled weather with local
to-night or Saturday in the uhi
Tennessee and the East Gulf St
generally fair weather else win
of the Mississippi River tonight and
Saturday.
n ’emperatures will be lower to-ni.qht
arid Saturday in the region of the t
Lakes, the Ohio valley. Tern •-s< e and
the East G’df States, and Saturday in
the Middle Atlantic and New’ England
States. Frosts are forecast for to-night
in the Upper Lake region.
Forecast until 8 p. m. Saturday.
Georgia—Fair in east, probably local
rains In west portion tonight or Satur
day: not quite so warn Saturday.
NEW YORK COFFEE MARKET.
Coffee quotation?:
d eel In
St. Paul oi»ened unchanged at 108%.
but - on dropped %• New Haven again
was under pressure on account of the
Interstate Commerce Commission inves
tigation and declined %. Union Pa-
rific sold at 152% for a fractional loss,
but later advanced. Southern Pacific
gained %. Pennsylvania declined %.
The curb market was easy. Ameri
cans In Ivondon were quiet.
The market after showing a waver
ing . .inlet \ , sustained some amount of
loss.
t i i 1 >n Pacific ^'j <*1 off % at 115.
Illinois Central was off 1%. Canadian
Pacific was up 1*%. The tone in the
late forenoon was weak.
Call money loaned at 2%.
All important stocks were under pres
sure in the last hour and sold off from
I the opening and midday levels. Reading
: sold around 161 •%. which was a point
i in er the opening and a fraction tmder
i the noon level. Amalgamated Copper
lost ; V Other issues which declined
w.ro American Can. Union Pacific,
l nion Pacific, Missouri Pacific, Lehigh
| Valley and Chesapeake and Ohio. There
I was wry little doing and toward the
end the trading was almost at a staml-
! still.
The market closed firm,
i < vernment bonds unchanged Other
bonds firm.
Open.
My
12.20
Jne
Jly
12.01*1
Ag
11.68
Spt
Oc
11.27
Nv
Dc
11.27
Jn
11.29
Fb
V
si
fl
6; No. 4, 54©54%; No. 4 white, 56; No.
Oats,
No. 2 white, 36%@37%
35©35%; No. 4 white,
No. 3
34 @35;
PRIMARY
MOVEMENT.
WHEAT—
! 1913. 1
1912.
Receipts
.1 126,000 I
284,000
Shipments ....
. 1,158.000 1
373.000
CORN—
Receipts
.1 310.000 I
444.000
Shipments ....
.1 577,0001
659,000
METALS.
NEW YORK, April 25.—The metal
market was firmer to-day. Copper,
April to July, 14%©'15%; lead, 4.45 (bid);
spelter, 5.40@6.50; tin, 49.60@50.00.
CHICAGO CAR LOTS.
Following are the receipts for Friday
and estimated for Saturday:
I Friday. \ Saturday.
Wheat
30
o4
Corn
47
91
Oats ......
123
150
Hogs
11,000
7,000
LIVERPOOL GRAIN MARKET.
LIVERPOOL, April 25.—Wheat opened
unchanged to %d low'er. At 1:30 p. m.
the market was unchanged to %d
higher; closed % to %d higher.
Corn opened unchanged. At 1:30 p. m.
the market w r as unchanged to %d low r er;
closed unchanged to %d lower.
I 12.05-07,12.14-16
; 11.92111.93111.92-93111.05-06 I
: 11.59711.59 11.54-57J11.71-7>
. ...'ll.29-31 11.39-40 to 5230.
ATLANTA MULE AND
HORSE MARKET
(Corrected by the National Stock Yard*
Commission Company; C. G. Tur
ner, President.)
Mules.
14 to 14% hands, rough, good ages,
$115 to $130.
14 to 12%, finish‘with quality, $156 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
LIVE STOCK MARKET.
CHICAGO, April 25.—Hogs*—Receipts
11,000 Market 5c to 10c higher. Mixed
and butchers $8.65@9.05, good heavy
$8.80© 8.95, rough heavy $8.60@8.75,
light $8.75@9.05, pigs $7.20@8.60. bulk
$8.80©8.95.
Cattle—Receipts 1,000. Market steady.
Beeves $7.50@9.20. cows and heifers $3.50
@8.60, stockers and feeders $G.40©8.10,
Texans $6.90@8.50. calves $7.00@9.00.
Sheep—Receipts 8,000. Market steady.
Native and Western $5.50@7.10. lambs
$6.50@9.00.
| Open
ing.
Clos
Ing. 1
January. . .
. . 11.2D
111.24
11.371
Vi 11.39 i
February. . .
11.214
111 2a
11.3S<
111.40
March . .
11.25
11.40
<7 11.41 !
April! . . .
ilO.l-O
il 10.94 |
May. . . .
.no 75
10.93'
'a 10.94
June. . . .
10.90(4
» 11.00
: 11.031
a U .05 j
July. . .
. .11.03
11.14
fcU.15
August. . . .
. . 11.10© 11 20
11.24(
'Jll.'lll
September
. .*11.22
112^
?i U ,3«» |
October. . .
. . 11.21
r, rl 1.35
November. .
11.21
11.34
vi 11 .
December. . .
. . 11.21
11.30
/■ 11.37,
NEW
bar silve
LOND
BAR SILVER.
V' KK. April 25. Commercial
60%. Mexican dollars 4So.
N. Apri’ 26 Bar silver steady
Closed stead
MONEY. AND EXCHANGE.
NEW YORK, April 25.—Money on call
2%*. tiuse loans easier: sixt> days 4©>
4%. ninety days 4%. six months 4©4' t ,
per cent.
Posted rates. Sterling exchange 4.84©
4.87, with actual business in hankers’
bills at 4.8665© 4.8670 for
. .11.19-21111.29-31
19 11.19-20 11.29-30
27 11.21-22 11.31-32
...11.19-21 U.29-*>
Closed steady.
SPINNERS’ TAKINGS FOR
WEEK ARE 221,000 BALES
The visible supply of American cotton
during the past week shows a decrease
of 119,496 bales, compared with a de
crease of 133,975 bales for the corre
sponding week last year, against a de
crease of 111,243 bales for the same
week the year before. Other kinds for
the week show an increase of 45,000
bales, as compared with an increase of
3,000 bales for the same week last year
and an increase of 1,000 bales for the
same week in 1911.
The total visible supply of American
• ■otton for the week decreased 74,496
bales, against a decrease of 130,975
hales last year and a decrease of 110.-
243 bales the year before.
World’s visible supply:
• * • ii1 Mils al 4.8665© 4.8670 for demand and
• • • • • L 2 i 11.36 11.3. 1 4.8;: T, q 4 8350 for sixty-day bills
steady. Sales. 110,000 hags. [ Prime mercantile paper unchanged.
19 IS.
1 1912. |
1911.
American ....
Other kinfis..
Total
. 3,302.008 3,945.824 2.507,864
1.498.000 1.220. OOO'l, 177.000
4,800.008 5,166.824 3.684,364
World's spinners’ takings:
1913.
1912.
1911.
For week...
221,000
314.000
179.000
S ee Sept. 1 10.892.000
11.787,000
9,443.000
Movement into sight for week:
1913
1912. J
1911.
o’land, w'k
15.813
23.437)
10,051
S’ee Sept. 1
888,969
1,110.449
854.671
In s’ht. w’k
109,761
162,370
69.878
S ee Sept 1 1
2.842.474
14.929,662.11,171,576
So. c's'mp..
47.000
46.000
40,000
Weekly exj
orts:
1913
1912
For week....
53.166
131,574
Since Sept. 1
7.743.300
9,641.044
16 hands, heavy chunk weighing form
1,250 to 1,400 pounds, $2oo to $330.
Horses.
Southern chunk horses, from $75 to
$110.
Southern chunk, finish, $110 to $135.
flood 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.
NEW YORK PRODUCE MARKET.
NEW YORK. April 25.—Petroleum
firm; crude Pennsylvania 2.50.
Turpentine easier; 42% bid.
Rosin quiet; common 4.75 bid.
Wool nominal; domestic fleece 25©)28,
pulled scoured basis 36@53, Texas
scoured l»asis 48@65.
Hides quiet: native steers 16%@19Vi.
branded steers 16%©lot*.
Coffee steady; options opened 3 to 9
lower; Rio No. 7 on spot 11% asked.
Rice steady; domestic ordinary to
prime 4%@5%.
Molasses steady; New Orleans open
kettle 35© 50.
Sugar, raw steady; centrifugal 3.26©
3.39. muscovado 2.86@2.89, molasses
sugar 2.60© 2.65.
Sugar, refined quiet; fine granulated
4.20© 4.35, cut loaf T*.05@5.15, crushed 4.95
*5 05, “ ’ *
SPOT COTTON MARKET.
Atlanta, quiet; middling 11 13-16.
Athens, steady; middling 12%.
Macon, steady; middling 12c.
New Orleans, quiet: middling 12 5-l«.
New Y"ork, quiet; middling 11.85. %
Philadelphia, quiet: middling 12.10.
Boston, easy; middling 11.85.
Liverpool, steady; middling 6.77d.
Savannah, easy; middling 12%.
Norfolk, steady; middling 12c.
Augusta, steady: middling 12%.
Mobile, steady: middling 12c.^
Galveston, steady; midllng 12%.
Charleston, quiet: middling 12c.
Wilmington, nominal.
Little Rock, steady; middling 11%
Baltimore, nominal; middling 12%.
Memphis, steady; middling 12%.
St. Louis, dull; middling 12%.
Houston, steady: middling 12%
Louisville, firm; middling 12%.
Greenville, quiet; middling 11%.
Charlotte, steady; middling 12c.
OPINION ON GRAIN.
CHICAGO, April 25.—Bartlett, Frazier
& Co.: Wheat: Scattered longs sold
out on the late break yesterday, and
the strength in foreign markets this
morning is likely to cause more or less
replacement and higher market.
a vo, mold A 4 60©4.70, cubes 4.45Q
60, powdered 4.30© 4.45, diamond A 4.So
sked, confectioners A 4.20. Softs No.
asked
1 4.00© 4.10.
(No. 2 is 5 points lower
poi
than Nr. 1 and Nos. 3 to 14 are each 5
points l<»wer than the preceding grade.)
Potatoes steady: white nearby 1.70©
2.00, Bermudas 3.00@5.50.
Beans quiet; marrow choice 5.70©
5.75, pea choice S.80@3.85. red kidney
choice 4 20@4.30.
Dried fruits steady: apricots choice
to fancy 10%@12V*. apples evaporated
prime to fancy 5%@8%, prunes 30s to
60s 54* bid. 60s to 100s 3%©4%. peaches
choice to fancy 6©r7%. seeded raisins
choice to fancy o@6%
10 Lb. Pail
Snowhite
or Flake
Guaranteed fresh
Country E&gsDoz.««2
185c
GISH GROCERY CO.
118 and 120 Whitehall.
.00
For You
Is Your Name
On the List?
/
Read the
“Want Ads”
every day.
You may be
one of the for-
P
tunates to re
ceive a brand new
dollar bill from the
“Want Ad” man when he calls
in the speedy Car ter car. Mark
the ad and have it ready when he
calls. Georgian with ad marked
must be presented.
The following ad is similar to
the one carrying your name:
THE BEST in real estate can be had by read
ing the “Want Ad” pages of this paper. A
new dollar bill will be given Mrs. John Smith,
1322 Jones Street, if she will find this ad and
mark it. The “Want Ad” man will be at her
home Saturday morning.
Read
GEORGIAN
WANT ADS
llio