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t Fi - *•* 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 <L C ti c .1 'J. 1. in O t CL 0 Ap 11 16 11 fa 11 U’ 11 12 11 45 11 38 M v 11 26 11 44 Ml 22 1 1 25 11 •*6 - • i 11 32 -21 LL" 1! U» 11 10 11 ‘19 11 .39 1 1 2.7- 2.8 11 17 49 1 .11V 11 to 11 52 11 32 1 1 37 11 31 - 38 11 •5 16 j i 11 30 11. '!) 11 20 H 1 1 39- 24 J1 •v 2"l . sm 11 10 11 17 11 Of 11 05 l 1 or - 05 11 1 f> 17 <»■ 11 11 11 U 11 () 98 10 99 10 99- 11 11 l •’ -13' 1 Dr 11 1 1 11 1! ; i 00 11 03 11 02- 0' 11 U -1 5 I .Til 11 08 11 1 ■? 1 0 98 11 00 10 99- 11 11 1 1 -12| Mh ii 13 11 13 11 03 11 Of ■ i 07- 01 (1 10 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 #'•