Newspaper Page Text
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THU'ATLANTA fWVROT.W’ ANT) NEWS. MONDAY.'APRTT. 2R. 1913.
COTTON GOSSIP
LJSt ASPHALT « « LEVELS.
w
IL
line
on tl
May notice da
.1
e a mourn tendon*
that full
Today's New York
Stock Market
K f '
But Public Hostility to Wall Construction Chief Reiterates He
; Spot Houses Stop Many Notices.
[ General Selling Follows Fore
cast of Warmer Weather.
It wna rumored Sa
GO.000 bale
large spot houses were creel
orbing the greater quantity.
iQjrday
would be tendered Some of
te«i with I
Street and Its Business Is
Still Rampant.
Won't Pay More Than $21.75
for Material.
hit*
BY B. C. FORBES.
The New York Stock Exchange
governor.-; a 'n manifesting unprece
dented vigilance. They have done ( Smith
more real housecieaning than the
public realize. The suspension last
week of two members is significant
of the new order. The Exchange alsc
probed a complaint against an im
portant banking house, but did not
find that the facts warranted repri
sals.
The Hrarst papers have vigorously
advocated S^ock Exchange reform.
They h ave also insisted again and
again upon a fuller measure of pub
licity. But the managers of the
Stock Exchange have no control
whatever over non-members. This
point is too often forgotten.
The Stock Exchange cannot make
men honest. Governments have been
trying to do that for centuries, but
human nature has remained human
nature. The ber-t the Exchange can
do is to watch closely the doings of
its members and immediately pounce
upon wron:j• doers. That more is be
ing done in this direction than ever
before no one familiar with Wall
Street will deny. That there is room
for further improvement is also ad
mitted.
Public hostility to Wall Street is
still rampant. Several recent inci
dents have not tended to allay it.
Numbers of newer industrial stocks
have been handled disgracefully by
insider . Outsiders have lost heav
ily. Whether the Exchange authori
ties—or the Federal authorities—
can do anything to stop such
flamrrun^ is an open question.
City Chief of ('
ayton to-<la> ga '
iarp!y attacking
A correspondent has seen a lengthy
communication which is illustrative
of how-a good many people feel to
ward Wall Street. He berates me
f#r not scolding Wall Street enough,
for not “going for” Albany politicians
and for once in a whiie discussing
the better aide of human nature. He
refers to the manipulation of certain
newer shares on the Stock Exchange,
and then adds:
“Th<h dirty finance is. in my judg
ment i.ir the most important
question before the American people
to-o'ay. It neems to pervade all
clas'-es of bankers, promoters and
corporation officials. Every piece
of news is “discounted” on the Stock*
Exchange, which is only another way
uf saying that the insiders have
played their official knowledge
aga inat the stockholders and the
public. Juggling of figures for the
benefit o f officials, speculating in the
stocks of th?'r companies, is so com
•von as to bo almost the rule; and
Wall Street smiles indulgently as
who should say, “Yes: it’s crooked
but it’s part of the game.”
“The Stock Exchange appears help
less. It dot 1 not dare to discipline
any of the "big men ’ because it is
absolutely dependent on the co-opera
tion of the banking houses and direct- |
ors of th- principal corporations for
its existence.
st ruction R. At
out h Katemrnt
hairman ShHhy
i, of the founty Commission, for
titude In urging the purchase of
lakn asphalt at practically twice the
price at which oil asphalt* can he
purchased He reiterated that he
would not approve material costing
more than $21.75 a ton.
< ’a ptaln Clayton quotes records of
analyses by the Pratt Laboratory, of
Atlanta, and Dow Si Smith, of New
York, stating that the oil asphalts
were a» good as the lake asphalts.
Raps Smith's Lack of Data.
"I don’t know any other way to
determine its worth except by chemi
cal analysis,” said Captain Clayton
• Rut Chairman Smith, after two years
of experience, comes forth as an ex
pert without even this data.
"I am informed that no spe* idea
tions were required for the recent bids
received by the County Commivslon-
* r- and that no bids were advertised
for. but notice was sent to a few pre-
I'eri f d dealers
"The county board Is proceeding in
the dark. They are about to pay ex
orbitant prices with tiie people’s tax
money for material tiiHl < can be se
cured at just prices.”
Claims Difference in Prices.
He recalled how the cl.y advertised
for bids on asphalt and awarded the
contract to the Texas Company for
$21.75 a ton for oil asphalt. Then he
stated that the County Commission is
about to pay $44.94 and $119 per ton
for lake asphalt.
"By scientific test the cheaper prod
uct proves to be Just as good as the
lake asphalts,” continued Captain
Clayton. “Chairman Smith mid he.
would take the convicts off the city
streets* if the material specified by the
county were not used i have nothing
t«» say about what tr* does with th*
county convicts, but I never will con
sent to a squandering of the people’s
money. The city will not pay more
than $21.75 per ton for asphalt.
"He criticises Atlanta's streets
Thev all are paved with the lake as
phalt he Is insisting on."
ATLANTAMARKETS
NK\V YORK. April 28. There was a
steady tone in the cotton market to-day
at the opening, prices being 6 points
lower to 2 points higher. Trading was
quite active and sentiment somewhat
mixed. Notices of* about 50,000 bales
were issued this morning, but from the
character of the buying they were being
well cared for.
Liverpool whs a buyer after the open
ing and brokers who frequently act for
spot houses bought old crops
Imrriediateh after the opening, n large
quantity of May contract notices were
Issued. Tenders were quickly absorbed
by MeFadden, Craig and Liverpool, re
sulting In the market developing a
stead v tone, with May advancing 12
points to 11.37: July was under aggres
sive buvlng bv the larger spot houses
anti rallied 13 points 1o 11.53, while other
positions gained 5 to 8 points over the
Initial level, offerings were rather lib
eral, which was said to he profit-taking.
During the forenoon a wave of selling,
thought to be profit-taking, caused the
old crop positions to sag a few points
under the early best, while new crops
showed weakness, Inspired by free of
ferings from the ring and Wall Street
Prices dropped about 4 points under the
opening level
The map Indicate" favorable weather
over the entire belt The map shows
fair and warmer, with the exception of
atiorary temperatures In North F«ro-
Ifna and Fast Tessennee Cloudy
weather In the Atlantic* with general
to light rains as needed are shown.
Higher temperatures will prevail over
the western and central half, which off
set® the prospects for frost, which has
been a stimulating factor In the mar
ket and causing considerable unfavor
able apprehension among short sellers
Dr.ring the late forenoon the market
faced general selling by brokers who
were early purchasers MeFadden and
other big spot interests sold July heav
ily. also May. Wall Street and the ring
crowd continued to liquidate. No one
seemed to want cotton and prices fell 8
to 13 points under the previous close.
May dropped to 11.24, July to 11.32, Au
gust to 11 24, October to 11.01. Decem
ber to 1101. while January touched 11
cents There was no support in evi
dence Everything was bearish.
Weather news and crop reports w'ere
against the market.
The long Interests seem pretty well
eliminated and the average trader In
clined to sell further short New crop
months showed considerable weakness,
as the interest has been centered in the
old crop positions The buying was ex
ceptionally light and concentrated.
At the close the market was steady,
with prices a net decline of 6 t>> 13
points from tlfe final quotations of Sat
urday
RANGE IN NTW YORK FUTURES.
New Orleans wires: "Spots repot
dull, neglected and lower to sell. Mole!
disposition to sell."
. . . STOCK— High
According to special reports sent to I Amd. Copper. 73'<
The Journal of Comment*. the cotton Am. Ice Sec.. 25
a. rcagc will be Increased in Arkansas. A ' - p _,
Louisiana and Tennessee The -easoni* * • ,u
Is earlier than last ' i;«r and the ground I Am. Smelting. 67
in a fair state «»f preparation Weather Am. Locomo.. 34',
conditions have been very favorable to A m. Car Fcly.. 48'
* * • I Am. Cot. Oil.. 44
The Lake St John levee, twelve miles ! Am. Woolen...
north of Ferridav. La. went out yes- j Anaconda .. 37
i Atch.son .... 101
A. C. L. . 121
Brown Drakeford Si Co., Liverpool. I American Can 32
• able "Spot houses and Continent sell- I Dre f
log old crops." I . ' “ '
• * * Am. Eeet Sug.
Memphis vires: "Memphis territory.
iear; prospects clear and
Melon- are "ivm liie highest, j
owes! and rlosiny priees of
stork-, to-day, together with the j
previous close :
ferdav, Hooding lower Tensas and Con
cordia Parishes
cloudy
warmer.
i
01
01
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11
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11
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-21
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11
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11
.39
1 1
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2.8
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38
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98
10
99
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-13'
1 Dr
11
1 1
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00
11
03
11
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.Til
11
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18
Dallas wires- "Texas and Oklahoma
clear and pleasant."
* * •
Following are 11 a m bids May,
11.38: July, 1142; October, 11.06. Janu
ary, 11.05.
NEW ORLEANS. April 28. -Hayward
& Clark: The weather map Is very fa
vorable It shows cloudy over the At
lantic* with general rains as needed; fair
and tin rain and warmer over Central
and Western States.
* • •
Washington forecast for week: Gen
erally fair weather, moderate tempera
tures during next several days in South
ern States. Disturbance now In far
Northwest will move slowly eastward
and prevail over the great Centra! val
ley about Thursday I? will cause local
showers and thunder storms In the lat
ter part of the week In the Southern
States
* ■* *
Liverpool cables: "American middling
fair. 7.22d; good middling. 6.70d; low
middling. 6 54d; good ordinary, 6.20d:
ordinary, 5.88d.”
* * *
The following report came from a
well-known crop reporter: “From Dal
las. Shreveport and Jackson to New Or
leans and North and East Texas the
soil Is In perfect condition. Planting is
general. In Louisiana and Mississippi
planting is general Work is well ad
vanced. Some cotton is up In the cen
tral and southern parts. Dry and cool
weather prevented rapid germination,
hut general rains have* fallen over the
greater part of Texas, Louisiana and
Mississippi. Rain was excessive In
parts of I»ulsiana and Mississippi.
Conditions are fairly normal, except that
river conditions are extremely critical.”
• * *
The steady decline in the Atlantic
spot markets, which suggests liquida
tion. is being particularly watched.
Following are 10 a. m bids: May,
12 12: July. 11.91; August, 11.55; Oc
tober. 11.18; January, 11.21.
Estimated receipts for Tuesday:
1913. 1912.
New Orleans 3.500 to 4.500 4,526
Galveston 5,000 to 6.000 1,110
30' .
129 1 .<
EGGS Fresh country, candled. 15(2?
ljc.
BUTTER—Jersey and creamery. In
i-lb blocks. 27%<fi30c, fresh country, i Closed steady,
fair demand, 17%<ft22%c. ’
•DltKSSKn PolII.TKl Drawn, hra<! ! HAYWARD & CLARK'S
;tnil II'. I on, par pound: Hens, BGIfl'Mic, 1 DAILY COl TON LtiT , tIR
fries. !«',«,Lie; roosters. *<U0, turkeys I .. .7*’'A V 01-HHANS, April 28 'Hie po
, . , , Ifflrnl situation in kurope at the mo-
own.o to fulness, 'J0r«22Hc. ,n,m •* very critical and important .It-
LI \ 16 Poi’i/IUY IP ns, 50f?55c: 1 vclopments are set for ' to-day. Paris
roosters 2f>«/ ;;oc fries aic.MOc broilers'"U vs the financial situation and outlook
oa,,,..; , . , | art- unfavorable, owing to the prospect-
• puddle cucks 30f(f35c, Pekins j V0 heavy taxation for 11 .• purpose of
35fa 40r. geese 50fa69c each, turkeys, uw ( providing for military needs
Ing to fatness, 16fa20c { Weather conditions over Sunday were
favorable, except over the northeastern
J » . it. when* night temperatures were too
low
FRUlIb AND PRODUCB.
FRUITS AND VEGETABLES Lem
ons fancy $6.00 grapefruit $8.75(2*3.00,
Liverpool came In with flit
l points lower than due on
cauliflower I0fal2%c lb . bananas, 3c per i Spots were 3 points low r
pound, cabbage $1(2*1 10 crate, peanuts I
|w pound, fancy Virginia, 6%fa'7c, j
choi
m about
old crops.
r market opened about 2
nr and was oarrled 6 point -
n a sudden advun e of 30 j
points
rurt her
e, . . . „ „ . , up on a sudden advance of 20 points In
cue Stott •><:. lettuce fancy S2.M«,.:tOO. M »v In New Vorlt. which rave lint
b« ets (1.00(11 1 Ji* tu half-barrel orates, | professional bull support in :l at option,
cucumbers $2.25fa 2.60. j The general situation Is ipcognis:ed :s
Egg plants (scarce) $2.2547 2.75 per "o unfavorable that the following of anv
crate, pepper $2.50iiiJ.75 per crate, to- suggested hull move is more than catt-
rnutoes fancy, six-basket crates (2.25(2) 1 Lous. 'Phis accounts for the ra o : -l loss
•* ,:i * pineapples $2.50(q2.75 per crate, of the advance her* . s soon as May In
on oris. 60!u t'..»e per bushel, sweet pota- j New York eased.
toes, pumpkin yam 656?70c strawber - ' .
: ItV'rL.: 1 < per kuart. fancy Florida!
celery (2.50<b>1.00 per crate, okra, fan- I
cy '--basket crates $3ty3.00.
FISH.
i Bream and percl ,
J • iUc pound; trout.
!’• *c pound, pompano
;« I. 7c pound: mi.\e<
black has.-. 10c pound
poim.
per barrel
flour and grain
Flu >1 R i■ . . - . ;i, t
nne>;a (7 a. f .’a: it i He- >
est patent) Gioi
7c pound
iOe pound
20c pound
ilbh
mullet. ^ 12
“A few years ago, when Mr. Harri-
man returned from abroad to die, the
ha&b of one of our largast banking
houses went to see him the day be
fore his d^ath. and was then reported
to have given cut an Jtitorview in, . , IB:
which he said, 'Mr. Harrinwn is proc-' uoll,; ' 1; *',;o k t»as- Kk* nnnn.i <i-‘l
ticaHy a well man.’ This enabled a
rally in Union Pacific to about 211;
but not so many months later, after
the insiders had unloaded, the stock i lt>
was down come GO points. Did the j ris
Stock Fxchc'r^c ever take any notice |
of this? No: it didn't dare. This
same banker to-dav holds up Ins head
and takes a prominent part in civic
and charitable movements among |
men who
honor
charit
ing house of which he is head, sold j ,i,|,.: : : .„ent) SBmart,:,,, (fau.y hlib
tts Union Pacific above 200. where it putenn $5.73 Water Lii} (patent) $5.15
has never been since? Surinam ?5.25. Southern star i patent»
I $5.25, «-c**an Spray (patent) $5 25. Tulip
"While the standard of morality itV. 1 *'#"',’ ' <ln „5 , '" 1 u ’," "“'if pal-
I 7 cut) (fi. tow gldlc "wnniimi suel s
in V. Strcr is sc low. it »s useless GROCERS '
to horn <o- :- rovenv. nt from within SUGAR IVr poum.. 'tan.aid prnnu-
Thi* finr.rc'a 1 clique Ha shown itself hated 3c. .\<.w York refined 4 l . a c, plun-
impervious tr > rny sentiment of de- | 4w! ,’ ’ ’
cencv, and utterlv o ;:o ed to anv ef- ' 'I' 1 '' 1 Roasitd ' Arbuckle's)
fort to dcstro. it« s Mem of graft, j ” Vr! iw A $2l ' grel if *‘0c l ’ Ulk ’ ,n |,1,4fs and
Incorromtion of the Stock Exchange. I ' ;;p ; | : Head )' fancy head 5
periodical reports of earnings, finsn. • anurding J
NTW ORLEANS COTTON.
ua ihum in cot t on Lit su es:
I >c
(the verj
gram $6,
patent
ci (facc.\ patent) <6.
best puivn’.), ((i.6f>,
Quo* n of .it* Soniii
Golden Grain $5.C0,
) g;.2'.. Home Queen
$ ■ 8.,, Puritan • high
(7.75,
Qunk-
i' ti.i y
Mono-
• fin.*st
!■'»’. 111 -
«hlgh-
t |at-
5
Q
►; !
Low
« *>
-X
1
U
> l.
L.S
\Y\
12. It
12 19
12.00
f2.0T
1212-01
U'. 10-11
Jim
1 1.9 1-9(5
l::.oi-t“i
.lh
11.93
1 1
i i .77
11.77
11.78-79
11.9t)-91
Ac
Spi
11.5
11.64
11 43
! 1.43
1 1.4.3
11.18-20
11.55
11238-29
t L
11 21
i 1 236
i i .os
1 1.0'.'
1 1.08-09
11, t N - 19
\’v
1 1.08-09
11.18-19
Dr
ii ':5
ri i .25
i 1 .08
i i o:i
1 1.08-0!)
11.18-19
•In
Fb
Ap
11.5
1 1.26
11.13
11.15
11.10-12
1 1.09-11
11.88
11.20-31
11.19-21
11.98-12
who presumably are honest and e )‘ n . $; s '• I'atagon Uiigi.esi patent)
r.'.ble. Meantime, are we un- | ‘ , ^ u ! * ;u * lf latent) ..>. M'liite
cial ccnditions, e^c.. cf concerns
whose seCcriticc sre .isled, are stcus
towmrl "efor.-'. of conditions
"But the real vital issue is plain
Hont-bty: reforming conditions, after
all, onlv reforming the machinery.
We mu"t find means o' compelling
honest 'nd disinterested service m
the directors of our nrqe corpora-
tions. end p(s*’’n hones*/ in the offi
cers of our bank.”
Well some of us h-'ve been trying
our best *o preach honesty, and to
criticise dishonesty. Cut mb'i’cles
cannot be wrought in the twinknng
of sn e ■ . It s rpms* consolation to
knov^ that ths trend is in the right
direction.
THE WEATHER.
WASHINGTON. April 28 Tl . wrath- j
er will Ly \j»i«»-tlled with showers «1 ,
lng tl < next 26 1 ours in the t , er- ( ‘ , i
Vail-' . the Lower Lake region and Ih* ■
Middle Atlant!?* "nd New England I
States Fair w atber will prevail to- ]
night and Tuesday n the South At- ]
lantic r.v-' ! ':o:t GuK -States, the Mis
slaslDpi Valley and Uppe* Lage region
Temperatu re will b*- i<we! to-night j
and V.:r lav in New England and east
ern New' York and to-night on the mid
die Atlantic < *'nsr. H will nse Tuesday I
In the South Atlantic and East Gulf!
States. ) ' Mississippi ard »ddo V&L
leys, and the U-pper f>ake K<ginn.
Silver It uf 13c pound. Scoco
Flake White 8‘y<' pound,
$•■20 per vast . Snowdrift $5.85
LARD
* 4 hC pou
Cot iou n.
j.( r vase
SALT 'me hundred pounds. 53c «alt (
brick (plain) per cast. $2 25: salt brick'
(medicated) per case $4 85: salt red
r.i k per hundredweight <1. halt white
per hundredweight !»0c Granocr\stal.
per case, 25 lb sacks. 75c: salt ozone.
P*r case. 30 packages. 90c; 50 lb sacks.
30*-: 25-lb. sacks 12c
MISCELLANEOUS Georg,a
R yrup 17c. a\!e g-.ase $1
•j-ackcrs 7'. c pound, lemon crackers
oyster 7c. tomatoes 12 pound a) $1
< asc. (3 pounds) $2.25. navy beans. $.'(
Lima beans 7'yc, shredd*»d biseuit
rolled oats $2 90 per ease, grim »ha«
$2 40. pink salmon $7. cocoa 38c. mu
* f $2 so sjmp 30.' per gallon. Si* r!>
ball potash $3.:tn per ease, soap $150
4 p-* r case. Rum ford baking powder $2
LIVE STOCK MARKET
LIVERPOOL COTTON MARKET.
LIVERPOOL. \»►: i! 28 This market
was due to ttpen .'!' 2 points lower on Ma>
and poim higher on .1 ul> and un-
■ hanged t<» l point lower on other posi
tions. but open* d quiet, at a net decline
of ! io 1 Vjg points At 12:15 p m . the
market was steady*:) to 4Q points lower
or neur noaition's and 2 to 2>y points
lower on lat* mo-.ths latter the market
advanced point from 12:15 p in.
Fair Imslness doing in spot cotton at
it points decline ; middling 6.70d; sales
8jj»0 liales. Incinding 7,700 American;
in norls 5,000 bales.
Port re*eip)s are m-day estimated at
V.000 balejs. ninipart'd with '2.198 iaM
w< ek and 16.414 bales for tlie corre
sponding week last year, against 14,016
bale: for the same week the year before
TODAY'S
PORT RECEIPTS.
The following
table shows receipts
;i 1 the ports* to-
lay compared with the
same d; v In«•-* y
B ar:
I 1913.
1912..
New Orleans. .
1.097
2.656
Galveston. . . .
I 2."09
2.877
Mobile
.! 1.307
266
•Savannah. . . .
.! 1.933
4 03
(’harleston. . . .
38 i
42
Wilmington. . .
. 105
393
Norfolk
866
2.757
New- York. . . .
17!
Boston
60
10
16 «aeol.i. . . .
2.846
Total
8.658
16.478
INTERIOR MOVEMENT.
I 1913.
1912.
11. iston
3.550
4.('09
Augusta
.; 2S8
406
Memphis. . . .
.! 937
2,992
St. Louis. . . .
. | 1.823
1.280
Cincinnati. . . .
346
1.281
1 it f lo R« rk . . .
99
Total
6.9 91
10.067
SFOT COTTON MARKET.
Atlanta, quiet
middling 11
\thens, st< ■
; middling 12
,\i; run. steadv
middling 12<
New Dr!can:-.
1 uie* : middli
tg 12%.
New York, qu
it; iniihtling
11.79.
Philadplpb >a. q
u?‘ t : tur'dlir
g 11.95.
H(-a, n. .n:9 • ;
middling U.‘
9.
Live. pool, - a
r; middling
*.70d.
Savannah. t« ;■
oy; middling
’ .’c
Norfolk s tead
: middling 12c
August a.
\ : middling
2%.
M< strao.x
; middling 12r
Galveston, stei
oy: addling
2%.
«‘hf: j l"sl 'ii. quiet ; niidcimg
12 c.
W- l.iiigton. n
online!.
Liltie Lo. 1.. s'
:id\ mddlirg ' 1 *«.
Rallimo-i nr-
\iral: mlddlir
g I 3 ; 's •
Ml :r ' hL-. stea
i v . • * ii d'.ing
St Lo -i,.. ,i„ii
; nfi« .’I rg :
11. Ufa.". fa< ai
\ . • > i i * • ; 1 m g
2 ’ i .
Louisville, fir
o; middi’i g
12 3 j;
Greenville, -m
et : mi. "m «
(’harlot In, .far
ry; middling
12c.
COTTON CEED OIL.
Cot 1 on seed •
il quotations
Op mi*.::.
ciostrig
S|K.l
6.99fa 7.06
April
Max .....
6.92 fa 6.95
. ♦' !)•' 'e 6.96
6.97 fa' 7.01
June
. 6.97 fa 6.98
7.01 fa 7.'
Ini-
7 02. fa 7 04
7.03(u 7.01
August . . . .
7.92fa 7.04
7.09fa 7.10
I September . . .
6.6,
6.09 <i *». 1 0
ik* tidier . . .
6.50fa 6.52
6. 7" fa i*. T 1 *’
November .
6 q. fa o.t.:
6.5i (a 6.53
Closed steady
sales 21.400
barrels.
Am. T. T.
Am. Agricul
Beth. Steel.. 33'
B R. T 89'
B. and 0 99'
Can. Pacific.. 241 1
Corn Products 1C 1
C. and 0 64
Consol. Gas .. 129
Cen. Leather
Colo. F. and I
Colo. Southern
D. and H. ... 157'/b 157'/ 8
Den. and R. G
Distil. Secur
Erie 28 28
do. pref. . . 44 433 8
Gen. Electric 138‘ S 138
Goldfield Cons
G. Western.. 14 14
G. North, pfd. 126' a 124' *
G. North. Ore. 33% 33' 2
Int. Harvester
III. Central... 114*4 114»/ 4
Interboro .... 16'/a
do, pref... 52' a 51 '/2
Iowa Central
K. C. Southern 24 24
K and T. ... 24'/ a 24»/ a
do, pref
L. Valley. . . 155 153%
L. and N.. . . 131 130%
Mo. Pacific. . 367a 36'/ a
N. Y. Central 1014 4 101
Northwest
Nat. Lead . . 49 49
N. and W. . . 104>/ a 104'/ 2
No. Pacific . . 114«/ a 114
O. and W. . . 29^ 4 29 3 ^
Penn 114 3 8 114
Pacific Mail
P. Gas Co. . . 109 3 4 109'/ 4
P. Steel Car . 24 24
Reading . . . 160 1 a 158 3 4
Rock Island . 21 21
do. pfd.. . . 35 3 a 3&*/ 2
R. I. and Steel 23 2 23' /2
do. pfd.. . . 83 2 83', 2
S. -Sheffield
So. Pacific . . 98 4 97 ; 4
So. Railway . 24' 4 23^ a
do. pfd.... 77 a 76
St. Paul .107 10oZ3
Tenn. Copper. 34, 2 33 J 4
Texas Pacific. 17 1/
Third Avenue
Union Pacific. 149'» a 143 4
U. S. Rubber
Utah Copper . 5D 4 50 4
U. S. St-iel . . 60 2 59* 4
do. pfd..
128' a 129
.... 23? 8
65
65' :
V. -C. Chem.
W. Union .
Wabash * .
do. pfd.. . . 10 a 10
W. Electric . 62 1 2 62' 2
VV. Central
W. Maryland
Total sales, 384.000 shares.
WHEAT IS LEADER
US CEREALS USE
Firm Cables and Bad Weather
Cause Heavy Buying by Big
Commission Houses.
ST. LOUIS C*wH QUOTATIONS.
The head >f a corporation whose « ■
curities have slumped millions of
dollars since rnentiy floated
ventured into Wall Street last
week itnd was roughly handled.
(»ne banking firm caught in the
smash-up nearly came to blows
with him. The end is not yet.
Financial condition)
expected to
notice
in Mexit
- attract un pleas
....... Things are nearing
deadlock, bankers learn.
Wheat No. 2 red 11.0 (ft. 112*',
Corn No. 2 *8‘.„
Oats—No. 3 :»5
CHICAGO, April *28. -The sharp ad
vance in the price of wheat at Liverpo*
this morning was the bull help at Chi-
<ago. coupled with (he unfa vn»’abl»
weather in the United Kingdom and the
backward seeding there. Northwestern
receipts were considerably in excels of
a year ago and the same may be - <i
of the world’s shipments
Corn was unchanged to \ to i
higher on the unsettled weather in tli**
Argentine, which is unfavorable for tl;*-
movement and is likely to create a de
mand from abroad for American corn.
Hats were unsettled with Septen.lc;
strong and other months weak.
Under a run of 60,000 hogs at Chicago
and a 20-cent decline in the price a: t‘ «-
yards hog products were l-'L, to 17'i.i
lower earl\ - .
Wheat closed strong at about the best
price reached, showing gains for the day
of %c to -qc with the exception of tak
ings at Chicago, which were small at.
35,090 __bushels. The total sales here
were 75.000 bushels, part of which was
forced on the millers.
u<»rn closed to J 2 c higher and oats
were up Kc to ' 4 c.
Cash sales wore corn 135,000 bushels
and oats 05,000 bushel*
Provisions closed lower on the severe
break in hogs as th*#Ua\' wore away.
CHICAGO GRAIN MARKET.
High.
WHEAT—
May
July 93' g
Sept 92
CORN—
May 55’a
July 55 %
Sept 56
OATS—
May 31*4
July 31%
Sept 34%
PORK
May.... 19.52%
July.... 19.57%
Sept.... 19.40
LARD—
May.... 10.87'/ 2
July.... 10.85
Sept.... 10.85
RIBS—
May.... 11.25
July.... 10.92%
Sept.... 10.75
Low.
Previous
Close. Close.
19.45
19.50
19.25
10.82%
10. -.2%
10.75
U.20
10.85
10.67 Vi
92%
55 Vi
55%
56%
34%
34%
34 V4
7 9.45
19.50
19.30
10.85
10.80
10.77%
11.22%
10.90
10.72%
54%
65%
56%
19.62%
19.67%
19.42%
10.90
10.82%
11.20
10.96
10.77%
CHICAGO CASH QUOTATIONS.
CHICAGO April 28. -Wheat No. 2.
1.06%(ft 1.07%: No. 3, 1.00$ 1.02; No. 2
hard winter. 93%@95; No. 3 hard winte ,- t
9!'(ft/94%: No. 1 Northern spring. 93%fa
95; No. 2 Nor thern spring. 91 % 'ft'93%:
A’o. 3 spring, 89 Iff DP.
Corn No. 2. 57*1/57%: No. 2 white. 5S
C>i58%; No. 2 yellow . »6fa 57 1 v : No.* 3.
54%.(ft55%: No. 3, white. 57^57%: No. 3
yellow. fa 56; No. 4. 53%> r, i 54 %; X<>.
3 white, 54%(ft55; No. 4 yellow. 53%(ft)
54%.
Oats No. 2 white. 35%fa 36; No. 3
white. 34 % (ft-35: No. L 32: No. 4 white,
33% fa 34; standard. 35% (ft 35%.
PRIMARY MOVEMENT.
From a well-informed source it s
learned that the enormous stock
holdings of a veteran multi-mlI
lionaire arc being sold whene\ •
the market will absorb tnem.
This throws light on tin* liquida
tion of certain high-grade is
sues usually very inactive. The
seller is planning to retire from
th? business arena.
Any one walking alon^ wall Sine-
after an absence of half a dozen
years would rub his eyes in he
x' ilderment, so great have been
the changes in its buildings.
Another pretentious bank iuiW-
ing will be opened in the world’s
best known thoroughfare* this*
week, while Morgan iV Co/s new
home will shortly begin to rise
on the site of the doomed
Drexel Building. Every bod-
downtown is becoming aesthetic.
It costs money.
* * *
The alternative to dear money in the
fall is duller trade. The latter
is the more probable.
"Let ’em all come" is the slogan f
certain railroad presidents in
reference to the men's demands
for higher wages. The heavier
the addition to pay-rolls force !
upon the roads, the less excuse
will the Intel state Commerce
Commission have for refusing an
offsetting increase in freight
rates.
* « *
The bond wor is about to turn, ic
would seem. Borrowers are re
fusing to pay the price demand
ed. A change in the status ap
pears to be due.
«= * *
California is not hurting \V;iL
Street. You can't kill a dead dog.
* ♦ *
‘I was talking to J. P. Morgan to
day.” began one man. "What?”
ejaculated the other. "I mean
J. P., junior." hastily added the
speaker. Wall Street hasn't yet
become* accustomed to a new J.
P. Morgan."
i Naval -Stores Houses
Oust ‘Middle Man*
Government Approval Is Secured
to Plan to Sell D’rect to
the CotiGumer.
SAVANNAH, G.\ , April 28 -Naval
stores factors in .Savannah and Jackson
ville, who handled 85 per cent of the
product at these puns, have arranged,
with tire approval of the Government, to
g. back 'o lb* old mot lied ef doing busi
ness, eliminating the middle man. or
such a selling company as the American
Naval Stores Company
\eeording to J. A. G. Carson, presi
dent of the Carson Naval Stores Com
pany. who returned tn tit Washington,
wlv re be w as in - onferem with the At
torney General on the pt ohibitlon, the
operali« ti of the plan will revolutionize
the methods of distributing rosin, and
will effectively eliminate the speculator.
Alexander Ackerman. < i Macon. Dis
trict Attorney, accompanied the delega
tion to Washington.
A general meeting of the naval stores
factors of the South has been called
for this city on Friday fo • IN* purpose
of perfecting plans to market naval
store a direct to the consumer. The
agreement as at present outlined will af
fect rosins only , hut it is said that the
factors may decide later to market spir-
in tiie same way.
New Carat Weight
Has Been Adopted
Uniform Decimal System Will Be
Employed in Selling Precious
Stones.
NEW YORK, April 28—Lack of
uniformity in the weight of the carat
for different countries has indued
American dealers in diamonds and
other precious stones to adopt a uni
form decimal carat weighing exactly
j one-fifth of a gram, or 200 milligrams.
' The new weight will be used by
American jewelers* beginning July 1.
France, Germany. Austria. Italy,
Spain and Japan now use the inter
national carat. England has not yet
legalized it. V
The new weight reduces the size of
a carat by 2 1-2 to 3 per cent.
WHEAT—
!
1913. |
1912.
Receipts . . .
Shipments . . ,
1.369,000
501,000 i
555,000
431,000
CORN-—
i i
Receipts . . . .
Shipment* . .
538.000 :
426,000' i
977.000
610,000
CHICAGO CAR LOTS.
Following are the receipts for Monday
and estimated for Tuesday:
Monday. : Tuesday
Wheat ....
Coin ....
Oats . . . .
Hogs ....
33 1
96 !
183 |
9,000 |
46
149
194
15,000
• — —-.v.
„ a--
NEW YORK PRODUCE MARKET.
NEW YORK, April 28. -Petroleum
firm: crude Pennsylvania 2.50.
Turpentine steady; 42 bid.
Rosin quiet; common 4.75 bid.
Wool quiet; domestic fleece 28fa30,
pulled scoured basis 38 fa 55, Texas
scoured basis ^8fa35.
Hides dull; native steers 16%fa 19%,
branded steers I5?t*(&i57j».
coffee steady: options opened 2 to 5
higher, Rio No. 7 on spot ll%fall %.
Rice steady : domestic ordinary to
prime 4%-\5V
Molasses steady: New Orleans open
kettle CT-fa-oO.
Sugar, raw quiet: centrifugal 2.36fa
3.39. muscovado 2.86fa2.S9. molasses
sugar 2.61 (ft 2.64.
Sugar, refined quiet: fine granulated
L.\'0faL35, cut loaf 5/35(ft5.1.5, crushed 4.95
Cno.Ob. meld A 4.60fa'.70. cubes 4.45fa 1.60,
powdered 4.S0(ft-4.47. diamond A 4.25 bid.
confectioners A 4.10fa4.20. Softs No. 1
j4.O0fa4.H'. (No. 2 is 5 points lower than
No. 1 an 1 Nos. 3 to 14 are each 5 points
lower than the preceding grade.)
I Dried fruits steady; apricots choice to
| fancy 10%fal2%. apples evaporated
; prime to fancy 5'-fa8%. prunes 20s t*« 0 s
15% bid, (Us to 190s 3%fa)4V -. peaches
ci.' ice to fancy ffa-6%, seeded raisins
choice to fancy 5fa6%.*
NATION'S BANK CLEARINGS
IN WEEK SHOW DECREASE
Rank dealings in the United States
for the week ending April 24 aggregated
$3.140,417,000. against $3,402,020,000 the
previous week and $3,192, 65,000 in the
same week last yea:. according to Brad-
street’s tabulation Canadian clearings
aggregate $166,956,000, as ,'.gainst $169.-
807,000 the previous week and $167,508.-
000 in the same v.eek last year. Fol
lowing are the returns for the principal
(enters, with percentage) of change
from the same week Iasi year:
April 24.
New York ....
Chicago
Boston
Philadelphia ..
SI. Louis
Pittsburg
Kansas City ..
San Francisco
Baltimore ....
Cincinnati ....
Minneapolis ..
Los Angi
Clave 19 nd ....
Detroit
New Orleans ..
Omaha
Louisville
Milwaukee ...
Atlanta
Seattle
Portland, Oreg.
St. Paul
Buffalo
Denver
| Providence ...
Indianapolis ..
Richmond ....
Memphis
Washing
.$1,78
D. '
285.000
906.000
141.928.000
15< .676,000
SL,229.000
66.896,000
67,925,000
4! . <08,000
3» 259,000
24,301,000
21.102,000
2-’.798,000
21,207,000
.1 4.116,000
1» .472,000
15.585,000
12,918,000
14.278.000
11,620.000
J1,628,000
11.105,000
9,940,000
11,4 ! 9.(KK)
8,815.000
7,177,000
7,654.000
7,789.000
6,960,000
7,530,000
- 4.2
(-) Indicates decrease. Others
l Future
April . . .
Apr. - May
Mav-Jpne
.lime-July
July-Aug.
Aug.-Sept
Hi »i -oct.
;o“ I '- Nm
I \< v 1 toe
V Dec.-Jan.
ane
opened easier.
Opening Pre\
Range. 2 P. M. Close.
. . .6.47 % - 6 4 l 6 46 6.48%
. ,6.40%-6.39 6.40 6.44
. . 6 43% -6 39% 6 40 6 42%.
. .B.40%-6.37% 6.2S 6.41%
*» r * » 6 :*a 6 ::x
. ...6 27 -6.24 % « 25 6.28
. .6.15 -6 13%. 6.13 6.15%
• us 6.m; 6 06% 6.08%
NEW YORK COPm
Cofi'i
not a t tons: *
, Opening.
•la mi a ry .
Feb»uaY\
Closing.
IL4 9 fariiTSO
I1.50fal1.52
11.5” fa 11.5)
11.10 11.15fa 11.17
11 11.25 1 ! 2”fa 11 : 5
11,2'. 11.2?fa ! 1 28
11 :*.fa 11.40 1 1 37 fa 11 ::x
11. ‘6 11.48fa t 1 4't
1l.48faU.49
H.'Sfa 11.49
’ t -.'fa • ’ 1 ; ' \ <i ' ' ;
Stleoi 85 750 I ags
V/ar News Abroad and California
Situation Blamed for Breaiv
Inactive issues Weak.
By CHARLES W. STORM.
NEW YuUi\, Aprt. -8. W eakness was
dominant . i the . pcmf.g of ihr .stock
market to-ua\ an«i .ussi'.i langu.g mui
fraoiioTis to about 2 points were scored
b> man.', impuriant issues. l’raumg
was wrv r.ctive. I'he pi-essure resulted
frotii me European war scare.
Among t ie losses were amalgamated
Copper i%. A met. ciiii Can i”. Ameri
can c'inelimg 1. t anudiait Pacinc L:.«.»t.
Pe. ui 1. Era %, iilim .< Oetiuai t Le-
hig:i \aiie.' k. All sourt Pacim - s ,
U ..ied Mines oteti common •.», I tan
eV,-pei' 4 , i nion Uacmc tteuoing »
ai,«. i‘ennsylvania %•
After a ball hours trading, a stronger
u,no developed and some •->* me stocks
nan.i pan.ai recoveries. New York Cen
tral advanced *, white .\ortnern Pa
cific gaim-tl i American Can recovered
neaijy all iis decline. Missouri i’acitic
rec Aered and gained.
t'he curb maiuei was easy.
AmcMcau.s ti l.oneoti were above New
York parity, but did not give assurance
of stability. Canadian Pacific in t-ondon
whs ueHK on Continental selling.
Severe losses were recorded in the
market during the forenoon Lehigh
\ alley lost I ** to 154 >. Canadian
Pacinc declined 2 points to 240%. St.
Pan! broke a point to 108. United States
H - 8 off. Amalgamated Copper was
off -v Fractional losses were recorded
m ail the other issues.
.Money loaning at -%(ft <
’there was not mute cnarge in the
last hour. Amalgamated Copper soid
around 73 for a gain of % over the imd-
> ay vt l. Stei 1 cros.^tu ’ 0 for a gain of
Reading, United Staves Rubber.
American t an and Amer ican Smelting
made fractional gains over the noon
range. Lehigh Valley declined. Trading
was quiet.
■ 1 ‘^ aiii cicai aiiucn iui
the week:
Wi t at, 335.000 bushels.
Flour, 76,000 barrels.
Corn, 7.0)0 bushels,
nats. 167,000 bushels.
Vhe.*; and flour equaled 673,000
bushels.
■■m3Burvi![X2i' , <EK JvrMozjrsBanrxzsrm mr-rsiz-nvmi. 'tbj. «aiwu q
>11 7 r'-' n ^ t
GRAIN VISIBLE SUPPLY.
Follow'd,g are the W'eekly visible sup
ply changes in grain for the week:
Wheat. decrease 2 102 0(.»n b i.-Oels.
Corn, decrease. 2.635.900 bushels.
Oats, decrease. 452 000 bushels.
LIVERPOOL GRAIN MARKET.
LI \ ERPoOl . .\|»r : l 28. Wheat open
ed 'nfa->d higher, at 11:20 p. m. the
market was : fa, %d higher. Closed
fa f.igher.
''"in <>pei«ed unchanged: n 1:20 d in.
the nvarkef was lower p. 4 d higher.
Closed unchanged to %d lower.
Deposit Your Money Where You
Get Both, Absolute Safely and
Highest Interest Rate---
4 Per CceL Se^ni-Anipss.ily ^
Strongest State Bank in the South
Capital and Surplus: $1,800,000
]C
Equitable Bldy.
ibunui/'
Pryor St.
KaarunuavMLi r.v.saanaraassry.
BUMBBZ^T.TO- 3S*nEW3rOTI
mbs, 6 i )fa8 75
$50X00 FIRE !N CARY.
a ARY !M». Apr" F(
L*»rw "h
MALLAKV TAYLOR IROK
ind
FORECAST UNTIL 7
Georgia—Cloudy U>
lair with slowly rising
P. M
TUESDAY
ght; TtAeuday j
mijerature. 1
ivf $:
yj-AK
\ -^taV ••rtti
ruim, " «f» 4 Pro* trrfrrt
nr it A/»r»k r«n ■
ns p ' '•. eoitr v. j#-.N Yicto»
irlUrivun. Vt p i. Perrin J
I P-R-I-N-T-O-R-I-A-L-S I
No. 98.
THe * Economy of Quality
is merely a synonym of the old saving that "ihe best is al-
wa'.s the cheapest.'’ Low prices and "quality" will not yoke"
but the REST AT 'I'HE LOWEST PRICK is the eomb .ia
: ion to hitch your hopes to W e do "QUALITY” PRIN TING
<t a prit e that PROTECTS RESULTS’!—and that’s equivalent
to PROTECTING YOUR ADVERTISING INTERESTS. To get
deep*-'i into the logic of the thing, phone for our Representa
tive to call. He will
preach Quality.” for
that's our text—but
be will surprise v o it
with price conserva
tism. for that's our TY * a. * . f*
Printing Lo.
principle 46-48-50 XV. Ala.
Fhores '^T-1560—2608—2614 Atlanta.
BYRD
DEATH CLAIMS: “Claims are paid fully and promptly
GENERAL: “The hooks are carefully and accurately kept and
all the Company’s records are in first class order. ” “Attention is
being paid to economy in expenditure, consistent with efficiency.’ ’
‘‘The calculations of the Company’s Actuary have been
checned and total shown is in agreement with his figures. ”
The laws of Alabama require an annual examination of the insurance
companies chartered in that state.
1 he foregoing extracts are from the report of W. R. Halhday, official
Examining Actuary for the Alabama insurance Department, made in compliance
witti tnat law, m his examination of The Southern States Life Insurance Ccmpany
of Alabama, on March 29th, 1913.
This report is 5r« keeping with the previous
reports based on an annua! examination
The uncriticised record of this company and
the splendid co-operation of the home office should
appeal to life insurance salesmen.
Attractive and Liberal Agents’
Contracts for the right men
“Tiie Company That Has Never Contested a Death Claim”
How We Grow
January showed an increase ol 51 ‘
February showed an increase of 36°
March showed an increase of 28
WILMCR L. MOORE. Pres.
The Southern States Life Ins. So.
ATLANTA, GA.
. t>.
* I #'•