Below is the OCR text representation for this newspapers page.

12 Y! WTA GEOROIAX AM) NEWS, MONDAY, APRIL 28. 1913. U notice duy ilt task t<* unt tendered, j But Public Hostility to Wall Construction Chief Reiterates He j Street and Its Business Is Won’t Pay More Than $21.75 Spot Houses Stop Many Notices. General Selling Follows Fore cast of Warmer Weather. Still Rampant. for Material. BY B. C. FORBES. The New York Stock Exchange governor* are manifesting unprece dented vigilance. They have done more real housecleaning than the public realize. The suspension week of two members is significant of the new order. The Exchange also probed a complaint against an im portant banking house, but did not find that the facts warranted repri sals. The Hearst papers have vigorously advocated Stock Exchange reform. They have also insisted again and again upon a fuller measure of pub licity. But the managers of the Stook 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 best the Exchange can do is to watch closely the doings of its members and immediately pounce upon w'rong - 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 's 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 flhm- flamming is an open question. * • • A correspondent has seen a lengthy communication which is illustrative of how a good many people feel to ward Wall Street. He berates me for not scolding Wall Street enough, for not “going for” Albany politicians j and for once in a while discussing j the better side of human nature. He refers to the manipulation of certain newer shares on the Stock Exchange, and then adds: “This dirty finance is, in my judg ment by far the most important question before the American people to-day. It seems to pervade all classes of bankers, promoters and corporation officials. Every piece of news is “discounted” on the Stock Exchange, which is only another way of saying that the insiders have played their official knowledge against the stockholders and the public. Juggling of figures for the benefit of officials, speculating in the stocks of their companies, is so com mon as to be 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 does not dare to disoipline any of the “big men.” because it is absolutely dependent on the co-opera tion of the banking houses and direct ors of the principal corporations for its existence. * * * “A few years ago, when Mr. Harr* man returned from abroad to die, the head of one of our largest banking houses went to see him the day be fore his death, and was then reported to have given out an interview in which he said, ‘Mr. Harriman is pr»c* ticaNy 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 was down some 60 points. Did the 8tock Exchange ever take any notice of this? No: it didn't dare This same banker to-day holds up his head and takes a prominent part in civic and charitable movements among men who presumably are honest and honorable. Meantime, are we un charitable in assuming that the bank ing house of which he is head, sold its Union Pacific above 200. where it has never been since? “While the standard of morality in Wall Street is so low, it is useless to hope for imp r ovement from within This financial clique has shown itself impervious to any sentiment of de cency, and utterly opposed to any of fort to destroy its system of graft. Incorporation of the Stock Exchange, periodical reports of earnings, finan cial conditions, etc., of concerns whose securities are listed, are steps toward reform of conditions. * * • “But the real vital issue is plain honesty: reforming conditions, after ail, only reforming the machinery. We must find means of compelling honest and disinterested service in the directors of our large corpora tions. and plain honesty in the offi cers of our bank.” Well some of us have beer trying our best to preach honesty, and to criticise dishonesty. But miracles cannot be wrought in the twinkling of an eye. It is some consolation to know that the trend is in the right direction. City Chief of Construction R. M. Clayton to-day gave out a ntatement sharply attacking Chairman Shelby Smith, of the County Commission, for his attitude In urging the purchase of lake asphalt at practically twice the price at which oil asphalts can he purchased. He reiterated that he would not approve material costing more than $21.75 a ton. Captain Clayton quotes records of! analyses by the Pratt Laboratory, of Atlanta, and Dow N Smith, of New York, stating that the oil asphalt? were as 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 "Hut Chairman Smith, after two years of experience, comes forth as an ex pert without even this data. “1 am informed that no specifica tions were required for the recent bids received by the County Commission ers and that no bids were advertised for. hut notice was sent to a few pre ferred dealers. “The county board is proceeding in the dark. They art* about to pay ex orbitant prices with the people’s tax money for material that can be se cured at Just prices.” Claims Difference in Prices. He recalled how the city advertin'd 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 $99 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 said he would take the convicts off the city streets* if the material specified by the county were not used. I have nothing to say about what h<* does with the county convicts, but I never will con* s* n( to a squandering of tin* people’s money. The city will not pay more than $21.75 per ton for asphalt. “He criticises Atlanta’s streets. They all are paved with the lake as phalt he is insisting on.” ATLANTA MARKETS NKW YORK. April 28. There was a steady tofie in the cotton market to-day at (tie opening, prices being 6 points lower to 2 points higher. Trading was quite active and sentiment somewhat mixyd. Notices of about 50.000 bales were issued this morning but from the character of the buying they were being well cared for. Liverpool was a buyer after the open ing and brokers who freouently act for spot houses bought old crops. Immediately after the opening, a large quantity of May contract notices were issued Tenders were quickly absorbed by Mr Earthen, Craig and Liverpool, re sulting in the market developing a steady tone, with May advancing 12 points to II 27: July wa« under aggres sive bovfrig bv the larger spot houses anil rallied 13 points to 11.53. while other positions gained 5 to 8 points over the initial level Offerings were rather lib eral. which was said to be 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 hv free of ferings from the ring and Wall Street Prices dropped about 4 points under the opening level The map Indicates favorable weather over the entire belt. The map shows fair and warmer, with the exception of at ionary temperatures In North Caro lina and Last Tessennce Cloudy weather In the Atlantic's with general to light rains as needed are shown. Higher temperatures will prevail over the western and central half, which off sets the prospects for frost, which has been a stimulating factor in the mar ket and causing considerable unfavor able apprehension among short seller® During the late forenoon the market faced general selling by brokers who were- early purchasers. McFadden and other big spot interests sold July heav ily. also Mav Wall Street and the ring crowd continuer! to liquidate. No one seemed to want cotton and prices fell 8 to 13 points under the previous close. May dropped to 11.21. July to 11.32, Au gust to II 24, October to 11.01. Decem ber to 11 04. while January touched 11 cents. There was no support in evi dence Everything was bearish. Weather news and crop reports were 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. A t the close the market was steady, with prices a net decline of 6 to 13 points from the final quotations of Sat urday RANGE IN NEW YORK FUTURES. ) | ill 1.42.11.45 17738" “ ill 1.25i 11.25-26 11.32-34 ' 11.39!U.37-38 1 1.47-49 ill 1.37111.37-38 1 1.45-46 38| 11.20-J 1.22.1 1.22-24 11.28-29 . 1 1.03-05 1 1.15-17 Ma York It is a diff fret i line on the a t wa rumored Saturday that fully • o 000 hales would he tendered. Some of •Me large spot houses were credited with absorbing the greater quantity. * * * New Orleans wires: “Spots reported < 1,ill. neglected and lower to sell. More disposition to sell.’' • • • According to special reports sent to The Journal of Commerce, the cotton acreage will he increased in Arkansas, Louisiana and Tennessee. The season is earlier than last year and the ground in a fair state of preparation Weather conditions have been very favorable to the crop. 6 1* * The Lake St. John levee, twelve miles north of Ferrlday, La., went out yes terday, flooding lower Tensas and Con cordia Parishes. * * * Brown. Drakeford A Co.. Liverpool, cable: ‘Spot houses and Continent sell ing old crops.” Today's New York Stock Market Memphh cloudy to warmer." wires: “?4emphis territory, clear; prospects clear and Below are triven the highest, lowest and closing prices of stocks to-day, together with the previous close : Dallas wires: "Texas and Oklahoma clear and pleasant." 11 a. m. bids: October, 11.06; May. J a n u - Fresh country, candled, 15® EGGS 16c. BETTER -Jersey and rreamery, In 1-lb. blocks. 27 %® 30c, fresh country, fair demand, 17%@22%c DRESSED POLLTHY -Drawn, head and feet on. per pound: Hens, 65®55c; fries, 22Vs®25c; roosters, 8® 10; turkeys owing to fatness, 20®22%c LIVE POULTRY Hens. 50@55c; roosters 2f*<d.30c, fries 35© 40c, broilers 30© 36c, puddle ducks 30© 25c, Peking 35(a40c, g'-ese :>0@ 60c each, turkeys, ow ing to fatness, is®20c. FRUITS AND PRODUCI. FRUITS AND VEGETABLES Lem ons fancy $6.00 grapefruit $2.75® 3.00. cauliflower 10® 12%o lb , bananas, 3c per pound, cabbage 51 @1 to crate, peanuts per pound, fancy Virginia, 6%@7c, choice 5VS® <>c, lettuce fancy $2.50®.300, beets $1 00® J .25 in half-barrel crates, cucumbers $2 25®2 50 Lgg plants (scarce) $2.25®>2.75 per crate, pepper $2.50® 2 75 per crate, to matoes fancy, six-basket crates $2.25® 2.75. pineapples $2.50@2 75 per crate, onions 60® Hoc per bushel, sweet pota toes, pumpkin yam 65® 70c strawber rles 10® 12Vic per kuart. fancy Florida celery $2.50®3.00 per crate, okra, fan cy 6-basket crates $3® 3.00. FISH. FIUH- Bream and perch, 7c pound; snapper, 10c pound; trout, 10c pound; bluensh. 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 Postells Elegant $7.75, Omega $7.60. Carter's Best $7.75, Qual- lt> (finest patent) $6.65. Gloria (self rising) $6 50. Results (self-rising), $6.26; Swans Down (fancy patent) $6, Victory (the very best patent), $6 65, Mono gram $6. Queen of the South (finest patent) $6.GO, Golden Grain $5.60, Fault less (finest) $6.25, Home Queen (high est patent) $6 86. Puritan (highest pat ent) $6.85, Paragon (highest patent) $5.86. Sunrise (half patent) *5.25, White Cloud (highest patent) $5 50. White Daisy (high patent) $5 50. White Lily Hugh patent) $5 50. Diadem (fancy high patent) $6 75, Water Lily (patent) $5.15, Sunbeam $5 25. Southern Star (patent) $5.26, Ocean Spray (patent) $5.25. Tulip (straight) $4 15. King Cotton (half pat ent) $5, low grade 98* pound sacks $4. GROCER*. SUGAR Per pound: standard granu lated 5c. New York refined 4%c. plan- I tat ion 4 S5c COFFEE Roasted (A rt>u Okie's) $;!1 50, A AAA, $14 50 in bulk, in bags ami | barrels. $21: green 20c. KICK -Head 4 l %i5%<\ fancy bead 5^1 ©6%< . according t«* grade. LARD—Silver leal 13c pound, Seoco I 8%c pound. Flake White 8 1 hc pound, Cottolene $7 20 per ease. Snowdrift $.» 85 I per case. | SALT One hundred pounds. 53c: salt brick (plain) per case. $2 25; salt brick (m«*dioated) per case. $4.86: salt red rock per hundredweight $1; salt white per hundredweight 90c. Granoorystal. per case. 26 lb. sacks, 75c; salt ozone, per case. 30 packages, 90c; 50 lb sucks, 30c. 25-lb sacks 12c MISCEIJL*ANEOUS Georgia cane «vrup 37c, axle grease $1.75. soda crackers 7' 4 o pound, lemon crackers 8c. oyster 7c. tomatoes (2 pounds) $1.66 case. (3 pounds) $2 25. navy beans. $:t 25; Lima beans 7%c, shredded biscuit $3 60, rolled oats $3 30 per case, grits (bags) $2 40, pink salmon $7. cocoa 88c. rogs f beef $3 80, syrup 30c per gallon, Sterling ball potash $3.30 per case, soap $l 60® 4 per case. Rumford baking powder $2 50 per case LIVE STOCK MARKET. c t O w 11.46 My 11.26 .In 11.40 Jly 11.40 A g 11.30 Spt 1110 ()c 11.11 Dc 11.11 In 11,0N Mil 11.13 Following are 11.38: July, 1.1.42 ary. 11.05. NEW ORLEANS, April 28.—Hayward A (’lark: The weather map is very fa vorable. It shows cloudy over the At- lantics with general rains as needed; fair and no rain and warmer over Central and Western States * * * Washington forecast for week: Gen erally fair weather, moderate tempera tures during next several flays in South ern States Disturbance now in far Northwest will move slowly eastward j ami prevail over the great Central val ley about Thursday. It will cause local showers and thunder storms in the lat ter part of the week In the Southern States. * * * Liverpool rabies “American middling fair. 7.22d good middling 6.70d; low middling. 6.5b!; good ordinary. 6.20d; ordinary, 5.83d." * * * The following report came from a well-known crop reporter: "From Dal las. Shreveport and Jackson to New Or leans and North and Fast 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, but general rains have fallen over the greater part of Texas. Louisiana and Mississippi. Rain was excessive in parts of I/Ouiaiana and Mississippi. Conditions are fairly normal, except that river conditions are extremely critical.” The steady decline in the Atlantic snot 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 Tuesdav: 1918 1912. New Orleans 3.500 to 4,500 4.536 Galveston 5,000 t<» 6,000 1,110 TO-DAY’S PORT RECEIPTS. The following table shows receipts at the ports to-day compared with the same day last year: STOCK— High. Low. Clos. Bid. Prev. Close. Amal. Copper. 7314 71%, 72' 4 73 Am. Ice Sec.. 25 24'% 243 4 24% Am. Sug. Ref. 110',% 1 I O' a no 1 111 Am. Smelting. 67 665/8 66% 67'% Am. Locomo.. 34',% 33% 34 34 Am. Car Fdy.. 48' 2 48'% 48 % 48% Am. Cot. Oil.. 44 44 43 44'% Am. Woolen... 20 20 Anaconda ... 37 363-4 36 % 37 Atchison .... 101 100% 1C0% 100% A. C. L. 121 121 120' 2 121 American Can 52 30‘/ a 31 % 32 do. pref. 92' 2 93'/4 Am. Beet Sug. 30'% 29% 29'% 29'% Am. T. T. ... 129' 4 129 129 129'/% Am. Agricul... 50 4 51 Beth. Steel.. 33' 2 33 B R. T 89' 4 88' o 89 8935 B. and O. 99'i 98 98 98'/* Can. Pacific.. 241' 4 2393^ 240' 2 2423 8 Corn Products 10'% 10'/ 4 10'/ 4 10' 4 C. and O 64% 64'/* 64'% 64', '4 Consol. Gas . 129 128'% 129 129 Cen. Leather.. 23% 23% Colo. F. and 1 32'% 32»/ 4 Colo. Southern .... 29 29 WHEAT IS LEADER AS CEREALS RISE F!rm Cables and Bad Weather Cause Heavy Buying by Big Commission Houses. ST. LOUIS CASH QUOTATIONS. Wheat—No. 2 red Corn—No. 2 Oats—No. 2 .110 @112 % . 58 Vi . .35 D. and H. .. 157'% Den. and R. G Distil. Secur Erie 28 do. pref. . . 44 Gen. Electric 138% Goldfield Cons G. Western.. 14 G. North, pfd. 126' „ G. North. Ore. 33 3 4 Int. Harvester . III. Central... 114*4 Interboro .... 15% do. pref 52 3 8 Iowa Central K. C. Southern 24 K and T. . do, pref. L. Valley. . L. and N. • 24' 155 131 157% 28 . 43*a *138-8 14 124 . 2 33 : 2 114' 4 143,4 51' 2 24 24 R 153*4 1305 8 157' 4 20 15'/ 4 273/4 43' 4, 138 1 2 2 14 1253 4 33 103 114' 4 143 a 51 3 4 8 23 24 59% 154' 4 131' 2 157 20 15'/s 28 v's 44 138 2 14 3 a l25'/ 4 33'/* 102 115 15 54'/ a 8 23' 4 243 4 59 155' 4 132 CHICAGO, April 28.—The sharp ad vance in the price of wheat at Liverpool this morning was the bull help at Chi cago. coupled with the unfavorable weather in the United Kingdom and the backward seeding there. Northwestern receipts were considerably in excess of year .ago and the same may be said of the world’s shipments Corn was unchanged to % to v gC higher on the unsettled weather in ihe Argentine, which is unfavorable for the movement and is likely to create a de mand from abroad for American corn. Oats were unsettled with September strong and other months weak. Under a run of 60,000 hogs at Chicago and a 20-cent decline in the price at the yards hog products were 12 Vi to 17Vie lower early. Wheat closed strong at about the best price reached, showing gains for the day of %c to %c with the exception of tak ings at Chicago, which were small at 25,600 bushels. The total sales here were 76,006 bushels, part of which was forced on the millers. Corn closed %c to Vic higher and oats were up %c to %c. Cash sales were corn 135.000 bushels and oats 95,00) byshel* Provisions closed lower on the severe break In hogs as the day wore away. CHICAGO GRAIN MARKET. WliEAT- May July Sept CORN— May July Sept High. Low. Previous Close. Close. 923* •*- % 92 55-Si 55 % 56 \ 92 >8 92 1 a 91 Vs 54 Vi 55 U 56 V* 9 2 5 8 92 56 U 55 °4 56% 92 91% 91 54% 55% 56% Mo. Pacific. . 36' b 36/a 36' 4 36 % May. . 34% •14'4 34«4 34% N. Y. Central 101% 101 101' 2 101' 4 July. . . . 34 3 r :« 7 /b 34 % 34% Northwest.. . 128'% 1273 4 Sept U< IKK 34% 38% 34 >i 34 Nat. Lead . . 49 49 49 49 Max .... 19.52% 19.45 19.45 19.62% N. and W. . . 104' 2 104' 2 104% 104'% July.... 19.57% 19.50 19.50 19.67% No. Pacific . . 114'% 114 114' 4 114 Sept.... L\RD 19.40 19.25 19.30 19.42% O. and W. . . 293/4 2935 293 4 30 May. . . 10,87'.2 10.82% 10.85 10.90 Penn 114 3 8 114 114' 4 114 July.. 10.85 10.72% 10.80 10.82% Pacific Mail . 34 24 Sept.... RIBS 10.85 10.76 10.77% 10.82% P. Gas Co. 109‘ 4 109' 4 109% 109 May . 11.25 11.20 11.22% 11.20 P. Steel Car 24 24 23% 24 July.... 10.92% 10.85 10.90 10.95 Reading . . . 160' 2 1583 4 160 160 Sept ... 10.75 1.0.67 % 10.72% 10.77% Rock Island . 21 21 21' 4 21' 4 CHICAGO CASH QUOTATIONS. ao. pfd. . 353 8 34! , 35 35' 2 — The head* of a corporation whose se curities have slumped millions of dollars since recently floated ventured into Wall Street last week and was roughly handled. One banking Arm caught In the smash-up nearly came to blows with him. The end is not yet. * * T Financial condition.* In Mexico are expected to attract unpleasant notice. Things are nearing a 1 deadlock, bankers learn. * * * From a well-informed source it % learned that the enormous stock holdings of a veteran multi-mil lionaire are being sold whenever the market will absorb them. This throw’s light on the liquida tion of certain high-grade is sues usually very inactive. The seller is planning to retire from the business arena. * * * Any one walking along wall Street after an absence of half a dozen years would rub his eyes in be wilderment, so great have been the changes in its buildings. Another pretentious bank build ing will be opened in the world’s best known thoroughfare thi9 week, while Morgan & Co.’s new- home will shortly begin to rise on the site of the doomed Drexel Building. Everybody 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 Interstate Commerce Commission have for refusing an offsetting increase in freight rates. The bond wor: ’ is about to turn, it 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 Wall 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.” Naval Stores Houses Oust 'Middle Man' Government Approval Is Secured to Plan to Sell Direct to the Consumer. SAVANNAH, OA„ April 28.—Naval stores factors in Savannah and Jackson ville, who handled 85 per cent of the product at these ports, have arranged, with the approval of the Government, to go back to the old method of doing busi ness, eliminating the middle man, or such a selling company as the American Naval Stores Company. According to J. A. G. Carson, presi dent of the Carson Naval Stores Com pany. who returned from Washington, where he wus in conference with the At torney General on the prohibition, the operation of the plan will revolutionize the methods of distributing rosin, and will effectively eliminate the speculator. Alexander Ackerman, of 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 f< r the purpose of perfecting plans to market naval stores direct to the consumer The agreement as at present outlined will af fect rosins only, but it is said that the • factors may decide later to market spit*- * its in the same way. New Carat Weight Has Been Adopted Uniform Decimal System Will Be h Employed in Selling Precious Stones. NEW YORK, April 28—Lack of uniformity in the weight of the carat for different countries has induced American dealers in diamonds and other precious stones to adopt a uni form decimal carat weighing exactly one-fifth of a gram, or 2 )0 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. The new weight reduces the size of a carat by 2 1-2 to 3 per cent. . 11.05 11.16 10.9810.99 10.99-11 1 1.12- I H 11 19 1 1.00 11.03111.03-04 11.1.4-15 Closed steady. HAYWARD A. CLARK S DAILY COTTON LETTER NEW ORLEANS. April 28 The po litical situation in Europe at the mo ment in very critical and important de velopments are set for to-day. Paris says the financial situation and outlook are unfavorable, owing to the prospect ive heavy taxation for the purpose of providing for military needs Weather conditions over Sunday were favorable, except over the northeastern belt, where night temperatures were too low. Liverpool came in with futures about 4 points lower than due on old crops. Spots were 3 points lower. (»*ir market opened about 2 points higher and was carried 6 points further up on a sudden advance of 20 points in May in New York, which gave hope of professional bull support in that option. The general situation is recognized ns so unfavorable that the following of an> suggested bull move is more than cau tious. This accounts for the rapid loss of the advance here as soon as May in New York eased. NEVA ORLEANS COTTON. Quotations it) cot ton fat uri 1913. 1 1912. New Orleans. . . . 1,097 2,656 (Jalveston 2,909 2.877 Mobile 1.307 266 Savannah 1,933 4.103 1 ’harleston 281 1 42 Wilmington . . . 105 1 393 Norfolk 866 ! 2.767 New York ... 171 Bouton 60 10 Pensacola 2.846 Total 8,658 16.478 INTERIOR MOVEMENT 1913. 1 1912. Houston 3,550 4.009 Augusta 288 406 Memphis 937 1 2,992 St. Louis . . . . 1.823 1.280 (Cincinnati 346 1.281 Little Rock . . . . 99 Total 6,944 10.067 R. I. and Steel do. pfd.. . . S. -Sheffield. . So. Pacific . . So. Railway . do. pfd. St. Paul . . Tenn. Copper. Texas Pacific Third Avenue Union Pacific. U. S. Rubber . Utah Copper . U. S. Steel . do. pfd. 149*8 148' 4 5 i 3-4 503 4 60' , 593 4 103 107' 2 CHICAGO, April 28.—Wheat No. 2, !.06'/i@1.07»i; No. J.OOfel.02. No. 2 hard winter, 93%®96: No. 3 hard winter, 92®94%; No. 1 Northern spring. 93%@ 95; No. 2 Northern spring. 91%@93%; No. 3 spring. 89@90. Corn No. 2, 67@67L: No. 2 white. 58 ©58%; No. 2 yellow. 56®57\%; No. 3. 5434(a55% ; No. 3, while. 57@57%; No. 3 yellow. 54*% © 56; No. 4. 53%@54%; No. 4 white, 54^*@55; No. 4 yellow'. 53%@ 54%. Oats No. 2 white, 35%@36; No. 3 white. 34%@35: No. 4. 32; No. 4 white, 33%@34; standard. 35%@35*%. P I t d to 1 1 3-i V 0 . * C C I 0 I 32 1 HW U u/J * Mv 112.10 12 19 12.00 12.01 12 12- 01 12 10- 11 1 J ne . . 11 94 96 12 04- 06 Jly 11.93 ii 99 11.77 11.77 11 78 79 n 90- 91 I Ag 11.57 11 64 11.43 11.43 11 43 11 55 I Spt 11 18 20 11 28- 29 «>c : i s i 11 26 i 1.08 11.09 11 08 09 11 IS- 19 Nv 11 US 09 n 18- 19 Dc 11.23 11 26 11 os 11 08 11 08 09 11 18- 19 In 11.25 11 26 11.13 11.13 11 10 12 11 20- 21 Fb 11 09 11 11 19- 21 Ap 11 ss 11 ■ 12 Closed steady. LIVERPOOL COTTON MARKET. LIVERPOOL, April 28 This market was due to open 2% points lower on May and % point higher on July and un changed to 1 point lower on other posi tions, but opened quiet, at a net decline uf 1 to 1% points. At 1*2:16 p m . the market was steady 3 to 4% points lower on near positions and 2 to 2% points lower on late months. Liter the market advanced % point from 12:15 p in. Fair business doing in spot cotton at 3 points decline; middling 6.70d; sales 8.000 Liles, including 7,700 American; imports 6.000 halos Port receipts are to-day estimated at 8,000 bales. compared with 12.198 hist week and 16.444 bales for the corre sponding week last year, against 14.016 bales for the same week the year before. Futures opened easier. Opening f*rev Range. 2 1*. M. Close. April 6.47 %-6.44 6 46 6.48% Apr.- May . . .6 40%-6.39 6 40 6.44 Mav-June . . .6.42%-6.39% 6.40 6.43% .1 une-July . . .6.104-6.37% 6 38 6 41% July-Aug . . .6.37 -6.34 6.35 6.38 Aug.-Sept. . . .6.27 -6.24% 6.25 6.28 Sept.-Oct. . . .6.15 -6.13% 6.13 6 15% Oct.-Nov. . . .6 08 -6.06% 6 06% 6.0S% Nov.-Dec. . . .6.05 -6.03% 6.05% Dec - Jan . . .6.02% 6.04% Jan.-Feb. . . .6 03 -6.01% 6 03 Feb.-Mch. . . .6.03 6.04% SPOT COTTON MARKET. Atlanta, quiet; middling 11%. Athens, steady; middling 12%. Macon, steady; middling 12c New’ Orleans, quiet; middling 12%. New York, quiet; middling 11.70. Philadelphia, quiet; middling 11.95. Boston, quiet middling 11.70. Liverpool, easier; middling 6.70d. Savannah, steady: middling 12c Norfolk, steady: middling 12c Vugusta. steady; middling 12%. Mobile, steady; middling 12<\ Galveston, steady; midling 12% Charleston, quiet: middling 12<- 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. COTTON SEED OIL. V. -C. Chem W. Union . . 65% 65' 2 Wabash do. pfd. 10' 8 10 W. Electric 62' z 62' 2 W. Central W. Maryland Total sales. 384,000 shares. LARGE INTERESTS PRIMARY MOVEMENT. VVH EAT— I 1913. | 1912. Receipts . 1.369,000 555,000 Shipments .... 501,000 431.000 CORN— 1 1 Receipts 538.000 ' 977,000 Shipments .... 426,000 ; 610.000 CHICAGO CAR LOTS. • Following are the receipts for Monday and estimated for Tuesday: I Monday. | Tuesday 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 28® 30, pulled scoured basis 38® 55, Texas scoured basis 48® 55. Hides dull: native steers 16%@19%. branded steers 15%@l5 7/ s. Coffee steady: options opened 2 to 5 higher, Rio No. 7 on spot 11%@11%. Rice steady; domestic ordinary to prime 4% %5%. Molasses steady; New Orleans open kettle 35®50. Sugar, raw' quiet: centrifugal 3.36® 3.39, muscovado 2.86® 2.89, molasses sugar 2.61@2.64. Sugar, refined quiet; fine granulated 4.1:0® 4.35. rut loaf 5.05® 5.1*5. crushed 4.95 fa 5.05, mold A 4.60® 4.70. cubes 4.45® 4.60, powdered 4.30®4.45, diamond A 4.35 bid. confectioners A 4.10® 4.20. Softs -No. 1 4.00© 4.10. (No. 2 is 5 points lower than No. 1 an l Nos. 3 to 14 are each 5 points lower than the preceding grade.) Dried fruits steady; apricots choice to fancy 10 % ® 12 %. a pples e va pora 1 ed prime to fancy 5%@8%. prunes 30s to 60s 5% bid. 60s to 100s 3%@4%, peaches choice to fancy 6@6%. seeded raisins choice to fancy 5©6%. NATION'S BANK CLEARINGS IN WEEK SHOW DECREASE Bank clearings in the United States for the week ending April 24 aggregated $3,140,417,000. against S3.'.02,020,000 the previous week and $3,192 165.000 in the same week last year, according to Brad- street’s tabulation, Canadian clearings aggregate $166,956,000. as against $169,- 807,000 the previous week and $167,508,- 000 in the same week last year. Fol lowing are the returns for the principal centers, with percentages of change from the same week last year: New York April 24. . $1.78 7,285,000 - 4.2 Chicago . 29 ->.906,000 - .2 Boston .. 142.928,000 -22.0 Philadelphia . 153,676,000 6.8 St Louis 8 1.229,000 7.4 Pittsburg 66,896,000 46.1 Kansas City 67.925,000 8.3 San Francihco 49,408,000 2.7 Baltimore . 85,259,000 13.6 Cincinnati 24.301,000 -12.6 Minneapolis 21.102.000 19.4 Los Angeles 2 4.798,000 9.2 Cleveland 22,307,000 16.6 Detroit 14,116,000 23.8 New Orleans IT 4 73,000 -15.9 (imaha J >,585,000 1.4 Louisville 12,918,000 5.8 Milwaukee 1 1,278.000 13.8 Atlanta 11.620,000 - 2.8 Seattle 11,628,000 16.3 Portland, Oreg 11.105,000 2 3 St. Paul 9.940,000 3.9 Buffalo 11,419,000 20.3 1 >enver 8.815.000 6.3 Providence . . . 7,177,000 - 9.6 Indianapolis 7.654.000 2.2 Richmond 7.789,000 - 7.4 Memphis 6.980,000 8.7 Washington, D. C. 7.530.000 4.3 (-) Indicates decrease. Others are gains. Wheat Corn . Oats , Hogs . 33 96 183 9,000 46 149 194 15,000 Cotton seed oil Spot . . . April . . . May . . . June . . . July . . . August . . Septem her October . . November quotations: Opening. 6.92© 6.95 6.94 @6.96 6.97© 6.98 7.03© 7 04 7.02© 7.04 6.67 6.50@ti.52 6 40© 6.42 Closing. "fL99@7.06~ 6 97© 7.0i 7.01 @7.03 7.03© 7.04 7.09 ©'7.10 6.09© 6 10 6 77© 6.78 6.5t @6.53 Closed steady; sales 21,400 barrels NEW YORK COPFrE MARKET. Coffee quotations: Opening, j Closing. THE WEATHER CHICAGO. April 28—Hors -Receipts WASHINGTON. April 2S -The weath- so.000 Market 20 tn '.A lower. Mixed will be unsettled with showers dur- and butchers 8 S5@8 75; good heavy. ing the next 36 hours in the Upper Ohio J 8 Valley, th»- Lower Lake region and the I g .Middle Atlantic and New England States Fair weather will prevail to night and Tuesday 1r the South At lantic and East Gulf State*, the Mis sissl-ppl Valley and Tipper I.age region. remperature will be lower to-night and Tuesday in New England and east- err Nr*r York and to-night on the mid dle Atlantic coast. It will rise Tuesday in the South Atlantic and East Gulf States, the Mississippi and Ohio Val leys. and the Vpper I^ake Region. ®S a 8 8.60. Oattle Receipts. 31.< 25c lower Jb*ex ey 7 j heifers. 3.35© * 4“ slot 6 25@8.00; Texans. ♦ 7.00©9 00 Sheep Receipts ( lower Native and \Y lambs. 6.40©8.75. ro-.gh heavy 8 30©8.50; lighv kbulk. n:. u k* Market. 15 to • ©8.90: cows and \ers and feeders. 75© 8 00; calves. Januar\ . . . . February. . . . April May June July August .... September. . . Octobe-. . . . November. . . December. . Closed st( ids ll.49@ll.66 1 i 11.50(6 11.52 11.53© 11.54 11.10 11.15© 11 17 11.18® 11 25 11.23© 11.25 11 26 n.27@ll 28 11.35® U .40 11.37@11.38 11 46 l 1.4m U 49 I 1l.4S@ll.49 I 11.48© 11.49 IL46@JD.47 1. 18© 11,49 Sales. 50.750 bags War News Abroad and California Situation Blamed for Break. Inactive Issues Weak. By CHARLES W. STORM. NEW YoRK, April 28.—Weakness was dominant at the (spelling ot the stock market to-day and losses ranging from fractions to about 2 points were scored by many important issues. Trading was very active. The pressure resulted from the European war scale. Among tlie losses were Amalgamated Copper j.%, American Can 1%, Ameri can Smelting 1, Canadian Racine 1%, 6i. Raul 1. Erie %. Illinois Central %. Le high Valley l *. Missouri Racine %, United Spates cjteel common %, Utah Copper %. Union l’acific %, Reading % aim Pennsylvania %. After a halt hour's trading, a stronger tune developed and some oi the stocks ua.de partial recoveries. New York Cen tral advanced while Northern Ra- eifle gained %. American Can recovered nearly all Its decline. Missouri Pacific recovered and gained. The curb mar net was easy. Americans in London were above New V ork parity, but did not give assurance of stability. Canadian Pacific in London was weak on Continental selling Severe losses were recorded m the market during the forenoon. Lehigh Valley lost 1 to 154%. Canadian Pacific declined 2 points to 240%. St. Paul broke a point to 108. I nited States ■eel % off. Amalgamated Copper was off %. Fractional losses were recorded in all the other issues. Money loaning at 2%© V There was not much change in the last hour. Amalgamated Copper sold around 73 for a gain of % over the mid- da.v level. Steel crossed 60 for a gain of % Reading. United States Rubber. American Can and American Smelting made fractional gains over the noon range. Lehigh Valley declined. Trading was quiet. GRAIN CLEARANCES. Following are the grain clearances for the week: Wheat. 335.000 bushels. Flour, 75,000 barrels. Corn. 7.000 bushels. Oats, 167,000 bushels. Wheat and flour equaled 673.000 bushels. GRAIN VISIBLE SUPPLY. Following are the weekly visible sup ply changes in grain for the week: Wheat, decrease. 2.102.000 bushels. Corn, decrease. 3,635.000 bushels. (tats, decrease, 452,000 bushels. LIVERPOOL GRAIN MARKET. i LIVERPOOL, April 28—Wheat open- i ed %@3d higher; at 11:30 p. m. the I market was %d higher. Closed % I © %d higher. Corn opened unchanged: at 1 30 p. m. the market was %d lower to %d higher. Closed unchanged to %d lower. TWO ESSENTIALS Deposit Your Money Where You Get Bothy Absolute Safely and Highest Interest Rate—- 4 Per Cent, Compounded Semi-Annually Strongest State Bank m the South Capital and Surplus: $1,800,000 TRUST COMPANY OF GEORGIA Equitab]e Bldy. - - Pryor St. Market WALLABY TAYLOR IRON WORKS Bo*. Macs*. ?Un*. of t Unties. H«»tt»rs, Shingle liloea •>JT Saws. »*u FORECAST UNTIL 7 P. M. TUESDAY j Tuesday $50,000 FIRE IN GARY. IND GARY IND. April 28.— Fire In tl enter of the business distr. t troved on* business block, with dss of $50,000. lOpium, WhllkM *nt1 Dru* Habit* frr'jfea !*< Hoid* cr •»Sanitarium. Rook on lAw. DH B M WOOF J RY, J4-K. View* I b«oli«r(om. Atlanta, l.forgi*. I P-R-I-N-T-O-R-I-A-L-S No. 98. The 'Economy of Quality —Is merely a synonym of the old saying that "the best is al ways the cheapest." Low prices and "quality" will not "yoke” —but—the BEST AT THE LOWEST PRICE is the combina tion to "hitch your hopes" to. We do “QUALITY” PRINTING at a price that PROTECTS RESULTS!!—and that's equivalent to PROTECTING YOUR ADVERTISING INTERESTS. To get deeper into the logic of the thing, phone for our Representa tive to call. He will preach Quality." for that's our text but he will surprise v o u with price conserva tism. for that's our U) _ w C - rrintins V.o. principle. 4S-4S-50 tv Ala. • Phones M-1560—2608—2614. Atlanta. BYRD THE REPORT DEATH CLAIMS: “Claims are paid fully and promptly.” GENERAL: “The books 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 checked and total shown is in agreement with his figures. ” T he laws of Alabama require an annual examination of the insurance companies chartered in that state. The foregoing extracts are from the report of \V. R. Halliday, official Examining Actuary for the Alabama Insurance Department, made in compliance with that law, in his examination of The Southern States Life Insurance Company of Alabama, on March 29th, 1913. This report is Sn keeping with the previous reports based on an annual examination The uncriticised record of this company and March showed an increase of 28'"" the splendid co-operation of the home office should appeal to life insurance salesmen. Attractive and Liberal Aqentx’ Contract* for the right men "The Company That Has Never Contested a Death Claim” How We Grow January showed an increase of 61”’ February showed an increase of 35^ WILMER L. MOORE. Pres. The Southern States Lite Ins. Co. ATLANTA, OA.