Atlanta Georgian. (Atlanta, Ga.) 1912-1939, May 01, 1913, Image 14

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« THE ATLANTA GEORGIAN AND NEWS. FRIDAY, MAY 2, 191 2. COTTON GOSSIP CO, SMS ILL Cosmopolitan's Purchase of Old Corporation's Assets Gives Un divided Profit Fund. The Cosmopolitan Life Insurance Company, of Atlanta, Georgia, a new organization bearing the name of tr old concern, has been licensed by the State of Georgia and Is expected to play an Important part Iti the insur ance world. The new company has no relation to the old one beyond taking over Its assets. The license was Is* iuef after a thorough inspection of the company's asset* and liabilities and of the men hacking It. A unique Instance In connection with the formation of the company was that the entire amount subscribed had no chartte against it, President J. O. Wynn handling this work without recompense. The stock was sub scribed on a 2 to 1 basis, each sub scriber for $100 worth of stock putting in $100 to the surplus fund as a straightout contribution. The com pany starts business with a capita: Block and surplus of $260,036. Undivided Profit Fund. It has a fund of undivided profits amounting to *1108,539.70 acquire 1 from the purchase of the assets >f the old company. This does not in clude stock notes amounting to $13< f - 478.62, upon which the new corn pa nv expects to realize approximately $50,- 000. • Thus,” say the officers of the com pany, “it Is apparent that the sto?k of the new company subscribed at ac tual cash of 2 to 1 has a book value of more than 3 to 1 at the outset. The following ntatenmnt has been given out by the company: “The Cosmopolitan Life Insurance Company, of Atlanta, Georgia. Is in entirely new and independent com pany. It has no connection with th° old company of that name excent that It bought It* assets at public sale. An entirely new company was organ ized to take over these assets. “So great was the faith of the »to(kholder« in the new company that on tile day of organl*atlo,n they »;ib- Bnibcd themselves to more than $•'".- 000 of life insurance. ngttlnM wh.cn there is no commission charged. Strong Agency Force. ••The large acquaintance of crest- nl Wvnn throughout the Southern States and the fact that he is recog- uIced as an able and successful man ager has hr,,tight in a large number of applications for agences from men of the highest grades throughout '1 eorgla and other Southern States, and It is .safe to say that within a short time the company will have a very stroll- agency force at work "While It IS the nurnose of the com pany to maintain n careful and con servative management at all times Recent Buyers Unload, Fearing; Liverpool Will Retender Its May Contracts. NEW YORK. May 2 tfon of May, which higher, the cotton in bullish as yesterday, prices ranged from point lower than last hies at first were so than had been expect off sharply after tin trke Th« wan other NKW YORK, May 2.—Kxports tills week probably will be larger, thisn last year Export* late yesterday totaled 28,000 bales. * * * (reports by Miss tides and the Your mil ,,f Commerce yesterday were more bull ish than expected. The effect of these vv IS to add to .1 bullish circular Issued l,\ Theodore Price Wednesday. Ah long as the weather conditions con tinue favorable, sentiment will be friendly to the market and h further upward .reaction, will hardly prevail, it In said. The rally yesterday was in- hnlrr«l chiefly by the knowledge that Liverpool controls almost all of the local .tuck and the foreign Interests might easily run o “squeeze” in the active summer months. tial uncharged to l| night’s dose. Ca- reral points higher (Ml, but later eased | Ft opening of this I (allay o ram wires: “Texas generally cloudy, reported; Oklahoma clear and The ring crowd were leading sellers throughout the morning session. mark* ' Southern weather rejMirts wore I rather bearish. New Orleans won active, but fluctuated within a moderate range during the first fifteen minutes. After the mil, the market became weak on general selling by the ring and several brokers who usually represent the larger «i*ot houses. In addition to this selling, the market had to face Norden & i’o.'s average estimate, which gave the total at un Increase of 4.7 per cent. This whh construed as bearish and brought out considerable offerings. July underwent heavy selling pressure and received no support It is believed that a large portion of the short Inter est in July has !»♦ en eliminated and some of the May taken un Is being re sold On the decline. July and May dropped 13 points from the initial level. August receded 11 points, while late po sitions sustained losses of 9 to 11 points. The decline was helped along on pros pects of bearish mill takings figures and absence of any special news of the spot situation During the laic forenoon the market was quiet, with prices at the low level. Jt became apparent to-day that May contracts taken up by the foreign in terests will he re-tendered here, since actual holders are inclined to he dis appointed with it. However, it is said that there lias been freight room en gaged lor about 25,000 bales and very little additional room in available this month. This dirt not stimulate the mar ket and general liquidation continued during the afternoon session. With the short interest in July re duced t" a large extent, the trade Is In clined to sell Mm market short on con tinued favorable weather news and ex tremely bearish sentiment. The entire list showed further depress ion during 1 he afternoon session. May Increased its decline to 16 points under the previous close. July and August dropped 12 to 14 points ami later months followed the decline closely. At the close the market was steady with near positions 12 to 16 points low er and distant months 8 'o 10 points lower than the final quotations of Thursday. RANQE IN NEW YORK FUTURES. ahles: 'American middling middling. «.92d; inld- lddllng, 6.50%<I: good 6.24d; ordinary, 5.90d.’ erpool fair. 7726d; good n dllng, 6.73*1; low m ordinal- ' No Decided Commitments Likely Until More Positive News Comes From Abroad. Mlt.liell awl SohlU were general sell ers of July. Tl.a ring ur.jw.I Inclined to „r-ll mi all ralltee \ * * * Following shows Norden & Co. acreage • •..Minute for the cotton crop of 1913: North Carolina l per cent increase. South Carolina 2 per cent Increase. <tgia unchanged, Alabama 4 per cent ip, i, a so. Mississippi 7 j>er cent increase, Louhiana IK cent Increase, Texas r, i„ t rent Increase. Oklahoma 9 per • cut Increase, Arkansas 6 per cent In crease. Tennessee 5 per cent lnrroaae; average. 4 7 per cent increase. * * * Ozark. Ala... wires: "Poorest prospect for cotton crop In Alabama have known: first planting all to plant over; second planting dying as it cornea up; farmers disheartened.’ * * * N10W ORLEANS, May 2.—-Hayward & Clark: The weather man Is very favor- aid* . it shows cloudy in th« western half, fair in the eastern half, warmer generally and no rain. The map In dies tea unsettled and showery weather In ih«* western half, with probable rain In Oklahoma and Northwest Texan. Generally fair in the eastern half The cold wave remained stationary over the Rockies overnight. * • • Rtorm wanting: Disturbance over the southern i*art of Colorado moving east ward will cause moderate to brisk southerly winds this afternoon and to night. By CHARLES W. STORM. NH\\ a YORK, May 2.—Illinois Central was the feature of a mixed list at the opening of the Block market to-day, be ginning at 114% for a gain of 1%. This resulted from bullish dividend talk in the Street. Among the declines were Canadian Pacific % to %, St Paul % to %, Le high Valley %, Missouri Pacific %. Northern Pacific %, Reading %. Union Pacific 14. The advances included Amalgamated Copper %. American Can '/,, Chesapeake arid Ohio %. United States Steel common U, Southern Pacific to %, New York, New Haven and Hartford %, New York Central % and Mexican Petroleum *4». The curb market, was dull. Americans in London were well sup ported. Canadian Pacific in London liac**d from its best price. There was a marked improvement in he market during the forenoon. At 1t>6% New York, New Haven and Hart ford was up %. Copper. Union Pacific, Steel and Chesapeake and Ohio were Up Illinois Central advanced 1% to P4%. Canadian Pacific lost 1% to 23514. The tone in the late forenoon was firm. Call money loaned at 21*. The market closed steady Govern ments unchanged; other bonds firm. »ols reported 1-16*1 better. 32 %d higher. French c A) Si » 3 il s' ol ~ 3 3 uS| 0 II. 58 11.1 III. 541 n .1 t vlll be its policy to be ns liberal as possible w ith its agents and pollc>- hcYeia within the law and consistent with safe and conservative conduct of business.'' NEW YORK PRODUCE MARKET. XV'W YORK, May 2 - -t'.troleuin stea.itv; crude Pennsylvania 2.B0. Tunirntlr.a *t»t«l>". 41 j™. Rosin quiet; common 4 76 bid Wool active; domestic tleero pulled scoured basis s5{&5B. Hides. Improved demand ; natlvo Jtoers g£o. Maher Rio No. 7 on spot 11% GUI*. 11 Rice steady; domestic ordinary My .In Jly Ag Sp Oc Nv Dc .In Mh Closed steady 4 11.64 11.54 11.46-48 11.59-61 11.65'11.65 11.61,1 1.52! 11.51 -62; 11.63-64 ill. 40111.41 111. 37 11.30 11.29-30,11.41-42 ill Iftjl 1.10111.08111.09111.01-03111.10-12 11 03 11.06 10.92 10.96.10.95 11.04-06 1 ! 110.95-97] Ill 06 11.08 10 94 10.96110.96-97111-06 II 04 11 04 10.91 10.96 10.94-95111.03-04 ll.12ill.12 1.1.12|11.12 llL03-04jU.il 35 ((728. Texas to prime New Orleans - open ; centrifugal 3.36'a 84 #2.89, molasaes Molasses steady; kettle 35®50. Sugar, raw active. 8.39. mus« ovado I " U £5Jp>r.%eftned firm, fine granulated 4.5B&4.35. cut loaf 4.15 bid. oru » 1 ’* ,i bid mold A 4 70 bid. rubes 4 B0#4 80, powdered 4 35«r4 45, diamond A 4.3o bid, confectioners A 4.100 4.20. Softs No. I а. 00® 4.10. (No. 2 is t» points lower than No 1 and Nos. 3 to 14 are each 6 points lower than the preceding ^rade.) Potatoes firm: white nearb> 1.8.®-.00. Bermudas 3.00® 5.60. _ Beans steady; marrow' choice 5.90®> б. 00? pea choice 8.8603.96, red kidney ° Dried 4 fruftsSteady; apricots choice to fancy 10* ®U\. apples evaporated prime to fancy 5 1 4<b'8 1 4> PfJ 11 } 611 *' 0s . So,. 6% bid. 60s to 100s 34®44 PJJfhes choice to fancy 6.0*4, seeded raisins choice to fancy 506%. MODERN MILLER CROP OUTLOOK. ST LOUIS, May 2. Reports from the principal winter wheat-growing States on the condition of the crop and the abandoned acreage on May 1 show there is a larger yield ot winter wheat III prospect than was ever raised in this country before. The average condition in the 1 nited states is estimated at 92 per cent. The abandoned acreage in the United State* is estimated at 973,000 The prospective yield of the principal win ter wheat Stains Ik: Ohio, 34 484,000. Indiana. 39.962.000; Illinois. 42,18<.000; Missouri, 39,381,000; Nebraska, **2,120.- 000; Kansas. 118,278.000; Oklahoma, 2J,- i>16.000 bushels. LONQ8 LIQUIDATE WHEAT; LOWER PRICES EXPECTED LIVERPOOL COTTON MARKET. LIVERPOOL, May 2.—This market was due to open 44 to 5 jKvints higher on near months and 2 4 points higher on late positions, but opened Irregular, 6 to 7 points advance on near positions and 34 to 5 points higher on distant months. At 12:lu p. m., the market was very steady. 64 to 8 points higher on old crops'ami 5 to 54 points higher on new crops. Utter the market declined 4 point from 12:15 p. ni. Spot cotton firm at 12 points advance; middling 6.72d; sales 10.000 bales, includ ing 8,000 American; imports 18.000 bales. Port receipth are to-day estimated at 8,000 bales, compared with 16,982 last week and 9,700 bust year, against 11.1*1 bales for the corresponding week the year before. . , At the dose the market was barely steady with prices at a net advance of 1%03 points from Thursday’s final. May July Mch. Opening. Prev Range. Close. Close 6.45 •>.46 6.41% 6 38 June . . .6.43%- -6.45 6.41 6.38 -July . . .6.41% -6.42% 6.39 6.36% Aug. . . .6.39 ■ -6.40% 6.36 6.34 -Sept . • -6.29% 6.24 -Oct. . • 6.25 -6.14% 6.12 6.10 Ncrv. . . .6 07 -6.08 % 6.05 6.03% -Dec. . . .6.05 -6.06% 6.02% 6.00% ■Jan. . . .6.05 «.#1H 99% Kel*. . . .6.04 -6.03% 6.01 5.99 Mch. . . 6.06% -6.05% 6.62 6.00 -Apr. . . 6 02% 6.01 •sea barely steady. CHICAGO, May 2.—The inter Ocean says; "The local long interest in wheat has been reduced somewhat of late. Traders cajl attention to the efforts tp bull the market for a week with indif ferent success and were inclined to look for lower prices to-day should good rains come in Kansas, and if foreign markets show a decline. •It is said by those who know that the recent heavy selling of corn by the Ar mour Grain Company bus been to take profits on their purchases of the past two months. Hears are talking a larg er movement, while the bulls regard the situation as one in which there is little money to be made on either side for the present. They believe that corn is worth the money and do not look for much change in prices until some new factor develops of sufficient Importance to largely increase trade either way." S. ATLANTA MULE ANO HORSE MARKET (Corrected by the National Stock Yards Commission Company; C G. Tur ner, President.) Mules. 14 to 144 hands, rough, good ages, 1115 to i 130. 14 to 124. finish with quality, $156 to 144 to 15 hands, rough, $130 to $170. 16 to 154 bands, finish. $180 to $205. 16 hands, with quality and finish, $205 to $230. 16 bands, heavy chunk, weighing form 1,250 to 1,100 pounds, $255 to $330. Horse*. Southern chunk horses, from $76 to $110. Southern chunk, finish. $110 to $136. Good driving horses, quality and finish, ranging in price from $160 to ?210 Heavy araugnt norses, rough, $160 to $210. Heavy draught horses, finish, $210 to i 1300 HAYWARD & CLARK'S DAILY COT TON LETTER. NF/YY ORLEANS, May 2.- This morn ing’s map shows that the cold wave re mained stationary over the Rockies dur ing the past twenty-four hours. < louay weather prevails over the western half; generally fair in the eastern half; warm er generally; no rain. Prospects are that the extensive rainstorm formation now over Arizona and New Mexico will move eastward over Northwest Texas ami Oklahoma and enure unsettled ami rainv weather in the Western States, while fair weather will continue over the eastern half of the belt. The cold wave should follow in tit*' wake of the stortn area, but nothing definite can be said about Its course before to-morrow. While there Is no positive political news, the advance in consols and rentes re flect* an improvement In views. Liverpool was strong at the opening of our markets, but weakened consid erably in the last hour. Sales continue large. Total. 10.000 bales to-day, at 12 'mints higher quotations. After the rather extensive covering of yesterday, our market ruled quiet and easier this morning. Absence of bad weather overnight and prospects of bearish mill takings this afternoon diminished support. New York advices ire still to the effect that the general diort interest is large, and the larger interests are in favor of further reac tion. The contract market is quiet, consid ering the possibility of further oas'noss on bearish mill takings, but the e is nr, great desire to sell. Whether develop ments over Sunday and prospects of im proving politics hold action in suspense NEW ORLEANS COTTON. Quotations in cotton futures: rente * * •* Liverpool rubles: American forward, 74,000 bales; total. 89/75 bales. Ameri can decrease, 16,310 bales.” * * * Tleading New York opinions still fa vor reaction. * * * The New Orleans Times-Pemocrnt Hays: "The cotton market swung from intensely bearish to Intensely bullish, and at the close yesterday outspoken low price men were hard to find. As a matter <>f fact, the talent was predicting 1.V for July, whereas at rhe close Tues day the talent talked freely of the pros pect of 9c on the blackboards before very long Hears said the shade of a once mighty manipulator has crossed the path of the market and scared shorts bad to run to cover. Bulls said too mnny com plaints of damage done by cold weather and of the necessity for replanting were coming in and the position of the short had become untenable. ‘‘Students of the market pointed to the comparatively heavy exports for the week thus far, to the rapidly shrinking port stocks and to the sharp loss In stock at several of the leading Southern cen ters. ‘‘Liverpool harped on the fact that low grade cotton is needed there, and as serted that the presence of low-grade COttOfl In the New York itodt Will not prevent the taking up and shipping of cotton from New York to Liverpool. Following are 10 a. m. bids; May 12.05, July 11.90, August 11.49, October 11.10 January 11.12. Estimated receipts for Saturday: 1913. 1912 Now Orleans 2,000 to 2,600 1,331 Galveston 2,500 to 3,500 2,752 MILL TAKINGS FOR WEEK 229,000 BALES The visible supply of American cotton during the past week shows another large decrease of 137,206 bales, as com pared with a decrease of 211,837 bales for the corresponding week last year, against a decrease of 170,640 bales for the same week the year before. Other kinds during the past week show a de crease of 45,000 bales, compared with a decrease of 25,000 t*ales last year and an increase of 8,000 bales for the same week In 1911. The total visible supply of American cotton for the week shows a decrease of 182,206 hales, against a decrease of 236, 827 bales for the same week last year and u decrease of 162,640 bales for the corresponding week in 1911. World's visible supply: Made $20,000 Richer By Word ‘Peachtree’ Atlanta Postmaster Says He Used Fine Judgment in Choosing Magic Name for Farm. Postmaster Hugh McKee says he has added $20,000 to his* personal wealth by means of one word. "Peach tree" i. the word. Captain George S. Lowndes made the suggestion which enriched Mr. McKqc. "I have decided to call my farm, an 80-acre plot out on Peachtree Road, by the one and only magic name— Peachtree. Hereafter it In Peachtree farm. And if I want to sell it I will get a considerable amount more be cause of the name,” said Mr. McKee. “You would be surprised to know how people are using that name and how It is spreading all over the coun try. "Letter?* are addressed t<> Peachtree Place. Peachtree Road, Peachtree Cir cle, Peachtree Heights, Peachtree Park, Peachtree Avenue and a dozen others of the Peachtree variety. Ev erybody is using the name for every thing.’’ ATLANTA MARKETS L Below are given the highest, owest ami last prices of stocks Battle Celebration Committees Named Fiftieth Anniversary of Conflict at Atlanta Will Be Observed Here July 22, 1914. to-day, together with the pre- vioua dose: Last Prev. STOCK— High. Low. Sale. Close. Amal. Copper. 74 72% 72% 73% Am. Ice Sec.. 24 */a 23/a 24/2 23% Am. Sug. Ref. 111 111 111 111/2 Am. Smelting 67% 66' 2 66/2 66/2 Am. Locomo.. 34 34 34 33/a Am. Car Fdy.. 49' 4 48' 2 48* ' 2 49 Am. Cot. Oil.. 44'/ c 44/2 44/ a 44 Am. Woolen.. 20 Anaconda ... 37% 37 37 37/a Atchison .... 99' /* 99 99*/a 99 A. C. L 120*/e 120/ 2 120/2 121 American Can 33'/ 2 32% 32/a 32/8 do, pref. 92-% 92% 92/2 92 Am. T.-T 129 128' 2 128% 128/2 Am. Agricul... * •( • 60 Beth. Steel . 33 33 33 33 B. R. T 4 89% 89 89/a 88% B.and O 98' 2 98 % 98% 98/4 Can. Pacific.. 24(7% 238/2 239>/ 2 240% Corn Products 10% 10% 10% 10% C.and O 66/® 64 64 64% Consol. Gas... 129/ 2 129/a 129/a 129 Cen. Leather. 23% 23/ a 23/« 23*/ 4 Colo. F. and 1. 31/2 31/a 31/* 32 Colo. Southern .... 28/4 President Moore, of tin* Chamber of Commerce, to-day named committees on the semi-centennial celebration of the battle of Atlanta, which will be held here July 22, 1914. Selections were made from the local G. A. R. Post, the Confederate Veter ans’ organizations. County Commis sion, Fulton County Representatives ip the Legislature, Chamber of Com merce, the press, advertising men’s organization, railways, militia and hotels. From the United Daughters of the Confederacy were named Mrs. Wll Ham McCarty, Mrs. J. R. Mobley, Mrs. Dalton Mitchell, Mrs. C. Helen Plane and Miss Alice Baxter. The members of the committees, Governor Joseph M. Brown, Governor- elect John M. Slaton and Mayor James G. Woodward will confer Tues day at 3:30 p. m. Sharp Loss in English Market and Promising Crop News Cause of Declines. ST. LOUIS CASH QUOTATIONS. Wheat—No. 2 red Corn—-No. 2 (>at*—No. 2 ...109 ... 674 EGGS—Fresh country, candled, 15<i/ 16c. BUTTER—Jersey and creamery, In 1-lb. blocks. S7H4f30e. fresh country, fair demand, 174(^224c. DRESSED POULT let—Drawn, head and feet on, per pound: Hens, 5*>((foDC, turkeys CHICAGO, May 2.—Wheat was 4@%c lower this morning on the sharp loss at Liverpool, coupled with the larger offer ings in the pit and the general belief that the government May crop report, which is only a few days away, will show the growing plant to be In a most excellent condition with the promise of an enormous yield of winter wheat. Northwestern receipts were more lib eral than a year ago, while Winnipeg receipts were smaller. Corn wag 4@%c lower in sympathy with the weakness In wheat, coupled with the fine weather for furmwork. Oats were weak and 4@4c lower. Hogs were 5c lower at the yards this morning, but the provision list was fair ly well sustained under short covering. Wheat that was thrown overboard late yesterday and this morning, and on which the bears expected to reap a profit, was covered at losses late to-day. There were net gains of 4 from the lowest levels, but the losses for the day were 4©4c. It was a market that was chock full of manipulative movements on the part of the bull6, but there were nfi flurries of consequence. The cash situation failed to cut any figure, al though sales here were 100,000 bushels to the Interior millers, but the export bids were generally out of line. Corn was unchanged to 4^ lower to sc higher. Cash sales of corn were 145,000 bushels and of oats 175,000 bush els. Oats were 4c lower to 4c higher. Hog products were 10@15c lower. LIVE POULTRY—ilens. 60@&5c; roosters 25(i30c, fries 35&4t»c, broilers 30&35c, puddle ducks 30(y35c, l eklns 3c*(i4-40c, geese 60cu60c each, turkeys, ow ing to fatness, ii>(i»20c FRUITS AND PRODUCI. FRUITS AND VEGETABLES—Lem ons fancy $6.00 grapefruit $2.7o@J.OO, cauliflower 10<^124c lb., bananas, 3c per pound, cabbage 51 @1-10 crate, peanuts per pound, fancy Virginia, 64 ©jc, choice 54@6c, lettuce fancy $2.60@.3U0, beets $1.00@ 1.25 in half-barrel crates, cucumbers $2.26@2.50. Egg plants (scarce) $2.250'-.76 per crate, pepper $2.5002.76 per crate, to matoes fancy, six-basket crates $2,260) 2.75, pineapples $2.500 2.75 per crate, onions 600 65c per bushel, sweet pota toes, pumpkin yam 650 70c. strawber ries 100124c per kuart, fancy Florida celery $2.500 3.00 per crate, okra, fan cy 6-basket crates $3 0 3.00. FISH. pound; pound; FlkjH—Bream and perch, 7c snapper, 10c pound; trout, luc CHICAGO GRAIN MARKET. D. and H Den. and R. G. Distil. Secur.. Erie do, prsf. . . Gen. Electric. 15</ 4 28*'* 44V* 1391.4 Goldfield Cons Q, Western.. 14*4 G. North, pfd. 1267/ 8 G. North. Ore. 32 Int. Harvester 101' 2 Illinois Central 114*4 Interboro .. .*. 14% dO| pref. .. 51 7 a Iowa Central K. C. Southern 23 K. and T 23' 2 Lehigh Valley 166'/8 | 1913. J 1912. 1911. American 18.164,802 8.738,997 2,336,724 Other kinds .1.463,('0011,195,00011.185,000 Tola 1 a\\ k;nds. 4,617,802 4,928,997 3,621,724 World's spinners’ takings 1912. 1913» 'or week..! 229,000 334.000 inco fe?rp. IJ1.1L1.00C 18,13^090 9,680.000 Movement into sight for week: urn 37.000 > 1 si L.'J My. !11.10|li.ll]ll.01111.03 1: 0: 0:. r 11 j n 11.92-14 12.02-04 Jlv 111.92 11.96 11.84 11.85 11.84-85 11.95-96 Ag iU.5UU.55 11.42 11.44 11.44-15.11.55-57 Sp 11.16-17(11.27-89 Oc 11.11111.16 11.03 11.05 11.04-05 1 1.13-14 Nv •• 11.C4- *5 . He 11.1U11.16-11.02 11 05 11.03-04 11.13-14 Jn 11.14 11 16 11.06H.07.ll. 07-08111.16-1S Fb *11.06-07 11 14-16 Hh ..111. 09 11.19 ; 1913. ! 1912. I 1911 Overl’d w’k. 12,189 18.110' 7.387 Since Sep. U 1.128.559 861.958 Sight week 93.089' 134.836 59,128 Since Sep. 1 12.934.563116,064,498 11,23 1,704 So. consum. 35,000' 41,000 38,009 Weekly interior movement: i 1913. | 191 Tpts Re Shipments Stocks 1911. 33 602 54,044 25.25 70,212 84.517 70,368 440.587 306,403 296,3.11 Weekly ex ports: Since September i. For week .... ! 1913. ms .17,656.824 9,755, 198 L. and N . . . . Missouri Pac. N. Y. Can.... Northwestern Nat’l Lead. . N. and W.. . North. Pac... O. and W. . . Pennsylvania Pacific Mall. . *P. Gas Co,.. 13114 35 10U 8 131 106*4 114^/4 30 114-G 15'/4 28'4 f 43=* 139*/s 14'/ 4 126% 32 1011/a 1121/a 1414 51'/a 23 23*4 154 131 343-a 101/2 131 105/e 114 29/2 1144a 15/4 28'/ 4 44 139/4 14/4 12634 32 101*4 112'/z 14' 2 51/4 23 23/ a 154 131 35 101'/a 131 105*4 114 29'4 114 3 8 To Deliver Address Dr. McKelway Barred Speech on Creeds by Dr. Poteat Will Be Heard Sunday In Bap tist Tabernacle. 165 19 16% 27% 43/2 138 1% '14/2 126*4 32 108 113/a 14/a 61 7 23/4 22*4 1543 /4 130'/ 2 34*4 101'4 130 49 105 114*4 29' 2 114* 4 22 1093 8 The address that. Dr. A. J. MeKel- way, chairman of the Southern Socio logical Congress, refused to let Dg. E. M. Poteat, president of Furman Uni versity, deliver at a session of the congress here last week will be deliv ered at the Baptist Tabernacle next Sunday evening. The subject of the address is “American Stewardship." Dr. Poteat declares his lecture is not a denuncia tion of any creed or religion. Dr. Poteat also will occupy the pul pit of the Tabernacle Sunday morn ing, when he will speak on the "Stew ardship of Wealth." High. WHEAT- Lo-w. Prev. CJoae. Clusa May.... 91% 90% 91 92% July.... 91% 90% 91% 92% Sept.... CORN 91% 90% 91% 92% May.... 55% 54% 55 55% July. .. Sept.... OATS- 56 55% 56 66% 58% 56% 56% 56% May.. . . 35% 35% 85% 85% July.... 35 34% 34% 36 Sept.... PORK- 35% 34% 34% 36 May. .. 19.70 19.50 19.60 1H.47H July.... 19.65 19.47% 19.50 18.60 Sept.... LARD 19.42% 19.25 19.30 18.40 May.... 10.95 10.57% 10.87% 10.9114 July.... 10.85 10.72% 10.75 10.8214 Sept.... RIBS 10.85 10.75 10.77% 10.86 May.... 11.50 11.47% 11.47% 11.25 July.... 11.05 10.95 10.97% 10.00 Sept.... 10.87 Vi 10.77% 10.77% 10.85 Reading 161' 2 1801 „ 160% 160’8 Rock island. . m 8 19 193, ia-% do. pfd 31/2 31'/4 31'/ 2 31'/* R. 1. and S 23 23 23 22' 2 do. pfd 82 82 82 82' 4 Sloss-Sheff. .. 30 South. Pac... 88% 97 1 4 97/4 97% Southern Rwy 2Hi, V 245.8 24% 24!/, do. pfd 76 76 78 76' 4 107’ St. Paul Tenn, Copper Texas Facific Third Avenue Union Pacific 149 7 8 U. S. Rubber 64 Utah Copper. U. S. Steel, do. pfd 34 51 60' 8 107 3 4 1063 34* 143-a 63 50 G 6C> 8 1C7-H 107*4 34y a 148*8 63’ 3 50- s 6014 1073 4 1083 3434 16' 34' 149' 62' 50 60 H 107' GOVERNOR AT ASHEVILLE TO WATCH CAR STRIKE ASHEVILLE, N. C., May 2.—Gov- ernor Locke Craig. Adjutant General Lawrence E. Young and Charles W. Johnson, of the Carolina Power Com pany, arrived hero to-day on a special train to take personal charge of the street railway strike situation. Al though there has been no serious vio lence so far, talk of martial law for Asheville Is current. Thiv is Governoi Craig’s home city. STRIKE THREATENED BY 100,000 RAILWAY MEN NEW Y’ORK, May 2.—A strike vote may soon be cast by the 100,000 train men and conductors employed on the 7)4 Eastern railroads as the result of the refusal to-day of the railway managers to submit the wage dispute to a aboard of arbitration. An increase of 16 per cent Is asked. 169.555 9,755.298 THE WEATHER. Conditions. WASHINGTON. May 2.- With the ex ception of light local rains in the upper lake region, the weather will be fair to night ami Saturday in the States east of the Mississippi River. Warm weather will continue during the next thirty-six hours over the east ern half of Uie country. General forecast until 7 p. m. Satur day: Georgia Fair to-nigiit and Saturday. Alabama and Mississippi—Fair to- ni;rht and probably Saturday. • Tennessee ami Kentucky -Fair to- night and Saturday : continued warm Closed firm. COTTONSEED OIL. Opening Closing. METALS. NEW YuRK. May 2—Metal market I Uruc was steady to-day. Copper, spot, July, I J~„ ru ' Lead. 4.45 Spelter and zinc, J cx ; iLiiJt&Dfcfi Tin. 49.35tf49.7L J Cl Spot . . 6.85 'i *7.00 May . . . . . . 6.84 '< f 5.8.* 6.8l| 1 6 88 June . . . . .' 6.8*>ff i 8.92 6.90* f 6.1*4 July . . . . 6 1 » 6.92 6.96(j i 6 97 X 11 grist 1 6 97# / 6.98 i 7 OH ■ 7 0.7 September . . 6.98 i 7.01* 1 7 07 October . . . .! 6.66 ; 1 6.88 1 6.70* $6 72 November . . . .1 6.40* 1 6.44 i 6.44$ 1 6.46 ed heavy; sales 19,100 barrels. COTTON MARKET OPINIONS. Logan Ar Bryan: We feel the present technical position suggests caution In making short commitments. Havden. Stone Co.: Sentiment is very nearish and cotton will be for sale on favorable reactions. Thompson, Towle v<: (’*».: Would not sell short except on some definite ad- I vance. Norden & Co.: We would not be sur- ) prised to see a further advance, j Miller & Co.: We believe the present I advance simply offers a better selling basis. MONTHLY CROP MOVEMENT. Vtton brought int** sight during the nth of April totaled 553.057 bales, j compared with 763.881 bales for the same month, last year and 317,067 hales for the corresponding month the year before. Crop into sight on April 30 aggre gated 2.919,702 bales, against 15.03S.u85 bales last year and 11,231,860 bales In 1911. Va.-Car. Chm ?3 29' 2 29' 2 32/2 West. Union 65' 2 65/ 2 65' 2 65' 4 Wabash . 3 3 3 3 do. pfd 9 J s West. Elec. 61'a 61% 6R 8 61 V z Wiscon. Cen. .... 513 s Western Md. Total sales 240.0C0 shares. 39 LIVE STOCK MARKET. CHICAGO, May 2.—Hogs—Receipts 17.000. Market 5c lower. Mixed and butchers, $8.250 8.60; good heavy, $8,360; 8.50; rough heavy. $8.1008.30; light, >8 300 8.70; pigs, $6.7508.30; bulk, $8.40 0 8.60. Cattle—Receipts 500. Market steady. Beeves. $7.1008.75; cows and heifers, >3 350 8.40; stockers and feeders, $6,150/ 8.75; Texans, $6.6008.00; calves, $7,000 9.00. Sheep- Receipts 6,000. Market steady. Native and Western, $5.250 6.60; lambs, $6.1508.85. CHICAGO CASH QUOTATIONS. CHICAGO. May 2.—Wheat, No. 2 red. 1.0201.06; No. 5 red. 9601.01; No. 2 hard winter, 920 03; No. 3 hard winter, 900 92; No. 1 Northern spring, 02093; No. 2 Northern spring, 91; No. 3 spring, 900)91. Corn No. 2, 56057^; No. 2 white, 1*59: No. 3 yellow. 56U. 0563i; No. 3, 5057%; No. 3 yellow, 55%056; No. 4, 64%05*%; No. 4 white, 56057; No. 4 yellow, 34%055%. Oats, No. 2 white, 3644; No. 3 white, 36035%; No. 4 white, stand ard, 36% 036%. LIVERPOOL GRAIN MARKET. LIVERPOOL# May 2.—Wheat opened %0%.d lower; at 1:30 p. m. the market was %®ld lower; closed lower. Corn opened unchanged; at 1:30 p. m. the market was %@%d lower; closed %@%d lower. CHICAGO CAR LOTS. Following are the receipts for Friday and estimated for Saturday: I Friday. Saturday. Wheat 54 34 Corn 180 204 Oats 130 160 Hogs i 17,000 11,000 PRIMARY MOVEMENT. WHEAT 1 — 1913. 1912. tteeelpta .1 587,000 | 323,000 Shipments .... .| 1,140,000 | 591,000 CORN— | Receipts 7| 549,000 | 687,000 Shipments .... . 369,000 428,000 GRAIN CLEARANCES. Following are the weekly grain clear ances : Wheat, 616,000 bushels. 9 Corn. 166.000 bushels. Wheat and flour equaled 600,000 bush els. OPINION ON GRAIN. Ex-dividend 1 3 <v per cent. SPOT COTTON MARKET. Atlanta, nominal; middling 11%. Athens, steady: middling 12c. Macon, steady; middling :2c. New Orleans, steady; middling ' 1 %. New York, quiet; middling ii.85. l*h!ladelphia. quiet: middling 11.96. Boston, quiet; middlmg 11.85. Liverpool, firm; middling 6.72d. Savannah, steady; middling 12c. Norfolk, steady; middling 12c. Augusta, steady: middling 12c. Mobile, nominal; middling 11 % Galveston, steady; middling 12%. Charleston, quiet; middling 11}*. Wilmington, nominal. Little Rock, dull; middling 11% Baltimore, nominal; middling 12c. Memphis, quiet; middling st. Louis, quiet; middling 12%. Houston, steady ; middling 12%. Louisville, firm; miduiing 12%. Greenville, quiet; middling 11% Charlotte, steady; middling 12c. NEW YORK COPFr-Z MARKET. TELEGRAPHERS’ WAGES RAISED. •NKW YORK. May 2.—It is said that the Flrie officials have granted the te legraphers of that concern an increase ,of 5 to 9 per cent in their wages, but It is not satisfactory'. Coffee quotations: Titling Closing. January. . . . .111.250 ll.SOJl .300 11.32 February. . . . . 11.1X0 11.30 11. 51 (i 11.32 March. . . . . .In.*2 U 220 11.24 April. . . . . . n.r.00 11.23 11. , ;»'j 0 H n May . . 10.95 10 .990 11.01 June . . . . . .,11.00 11. .040 11.06 July . . . . . . *11.01 11. 090 11.11 August . . . . . 11.12 11. 190 n.::o September. . ./I. 11. L‘90 l: .30 October. . . . .111.2 11.3V i1. ..'9 0 U .39 November. . . . . 11/70 11../ 11. 0 1 .30 December. , j*'-- 7 . 'll. :.90 11.30 Closed steady bales, 54,000 bags. BAR SILVER. NEW Y’ORK, May 2.—Commercial bar silver 66%c. Mexican dollars 48c. LONDON, May 2.—fear silver steady at 27 ll-16d. REGULAR DIVIDEND DECLARED. NKW Y T ORK, May 2.—The American Steel Foundries declared the regular quarterly dividend of one-half of 1 per cent. TO-DAY'S PORT RECEIPTS. The following table shows receipts at the ports to-day compared with the same day last year: CHICAGO, May 2.—Bartlett, Frazier & Co.: Wheat—The market will prob ably be lower to-day' in sympathy with the weakness abroad, hut we qpntinue to feel strong on the cash situation. Corn—The market shows no signs of weakness, although new speculative buying at the moment is rather limited. Oats—We prefer the long side of the deferred futures on weak spots. bluefish, 7c pound; pomuano. 20c pound; mackerel, 7c pound; mixed fish 50^0 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 ity (finest patent) $6.65; Gloria tself- rising) $6.60, Results (self-rising), $6.25' Swans Down (fancy patent) $6, Victory (the very best patent), $6.65, Mono gram $6, Queen of the South (finest patent) $6.G0, Golden Grain $5.60, Fault less (finest) $6.25, Home Queen (high est patent) $5.85, Puritan (higheLt pat ent) $5.85, Paragon (highest patent) $5.86, Sunrise (half patent) $5.25, White Cloud (highest patent; $5.50. White Daisy (high patent) $5.50, White Lily (high patent) $5.50, Diadem (fancy high patent) $5.75. Water Lily (patent) $»15, Sunbeam $5.25, Southern Star (patent) $6.25, Ocean Spray (patent) $5.2o, Tulip (straight) $4.15, King Cotton (half pat ent) $5. low grade 98-pound sacks $4. GROCERS. SUGAR—Per pound: Stan<!ai)d granu- ! lated 5c."New York refined 4%c, plan tation 4.8oc. . , , , , v COFFEE —. Roasted (Arbuckle s) $24.50, A AAA, $14.50 in bulk; in bags and barrels. $21; green 20c. RICE—Head 4%06%c, fancy head 5% @6%r, according to grade. LARD—Silver leaf 13c pound, Scoco |%c pound. Flake White 8%c pound, Cottolene $7.20 per case, Snowdrift $5.85 per case. SALT—One hundred pounds, 63c; salt brick (plain) per case. $2.25; salt brick (medicated) per case, $4.85; salt red rock per hundredweight $1; salt white per hundredweight 90c. Granocrystal, per case, 25-lb. sacks, 75c; salt ozone, per case, 30 packages, 90c; 60-lb. sacks, 30c; 25-Id* sacks 12c. MISCELLANEOUS — Georgia cane syrup 37o, axle grease $1.75, soda crackers 7 J /4c pound, lemon crackers 8c, oyster 7c, tomatoes (2 pounds) $1.65 case, (3 pounds; $2.25, navy beans, $3.25; Lima beans 7%c, shredded biscuit $3 GO, rolled oats $3.90 per case, grits (bags) $2.40, pink salmon $7. cocoa 38c, roast beef $3.80, syrup 30c per gallon, Sterling ball potash $3.30 per case, soap $1 600 4 per case, Rumford baking powder $2.50 per case. CORN—Choice red cob. 86c. No. 2 white bone dry No. 2 white 78c, mixed 85c, choice yellow 75c. cracked corn 85c. MEAL—Plain 144-pound sacks f>5c, 96- pound sacks 79c. 48-pound sack's 85o. 24-pound sacks 83c. 12-pound sacks 80c. OATS—Fanck white clipped 54c, No. 2 clipped 53c fanev whftc 52c, mixed 51c. CO TON SEED MEAL—Harper $28.50, Cremo feed. $26.00. COTTON SEED HULLS — Square sacks $15.60. SEEDS—(Sacked): Wheat, Tennessee choice Burt 70c, rustproof 60c. Okla* blue stem $1.60, German millet $1.65. amber cane seed $1, cane seed, orange $1, rve (Tennessee) $1.25. red top cane seed‘$1.35. rye (Georgia) $1.35, blue seed oats 50c, barley $1.25. HAY—Per hundredweight: Timothy, choice, large bales, $1.80 No. 1 small bales. $1.25, No. 2 small, $1.15; Timothy No. 1, clover mixed, large hales, $1.25, silver clover mixed hay $1.15. Timothy No. 1, clover mixed, $1.16; clover hay, $1.10, alfalfa hay, choice green $1.30, No. 1 $1.20,* wheat straw 70c, Bermuda hay 90c. PROVISION MARKET. (Corrected by White Provision Co.) Cornfield hams. 10 to 12 pounds aver age, 19c. Cornfield hams, 12 to 11 pounds aver age, 18%c. Cornfield skinned hams, 16 to 18 pounds, average 19%c. 2 Cornfield pickled pig’s feet, 15-pound kits. $1.25 Cornfield Jellied meat in 10-pound dinner pail, 12%c. Cornfield picnic hams. 6 to 8 pounds average, 13 %c. Cornfield breakfast bacon 24%c. Grocer style bacon (wide or narrow). Cornfield fresh pork sausage (link or bulk) 25-pound buckets, 12%c. Cornfield frankfurters, 10-pound box es, 12c. Cornfield bologna sausage, 25-pound boxes, 10c. Cornfield luncheon hams. 25-pound box *3 13 %c. Cornfield smoked link sausage. 25- pound boxes, 13% c. Cornfield smoked link sausage, 25- pound boxes, 10c. Cornfield smoked link sausage In pickle, 60-pound boxes, $5.00. Cornfield pure lard, tierce basis, 12%c. Country style pure lard, 60-pound tins. 12%c. Compound lard (tierce basis). 8%c. D. S. extra ribs. 12%c. D. S rib bellies, medium average. 13% D. S. bellies, light average. 13%c. FEEDSTUFFS. SHORTS—White, 100-lb. sacks $1.71 U Halliday, white, 100-lb. sacks $1.75 # [Conditions Shaky In Wool Market Many Mills Will Close Down Until Tariff Changes Are Made—6ales and Values Off. BOSTON. May 2.—Sales of wool have dropped again, with the small business done largely at the expense of values, owintc to conflicting re ports from Washington regarding the tariff. The trade la nervous. Dealers and manufacturers are likely to pro ceed cautiously until the bill has passed. Recent sales have reduced to a con siderable extent burdensome stocks of certain grades and the market Is now In fairly good shape to meet the proposed tariff changes. Predictions are freely made that iriany mills will close down for longer or shorter terms or until the tariff uncertainty is removed. Receipts of wool in pounds for the week ended and Including Wednesuaj, were: 1913. 1912. Domestic 2,009,762 2,669,7.4 Foreign ...... 961,965 4,333,890 Totals In pounds from and Including January 1, 1918, as compared with the corresponding period of 1912 were as follows: 1913. 1912. Domestic .... 23,614,041 36,812,765 Foreign ..... 35,644,905 50,286,537 Totals 58,258.946 87,089,302 dandy middling 100-lb sacks H 76. fan ev, 75-lb. sacks |1.76. P. W„ 75-lb. sacks $i 60, brown, 10O-!b. sayks $1.63. Georgia feed. 75-lb. sacks $1.5o, clover leaf, 75- lb. sacks $1.60, bran, 75-lb. sacks $1.80, sacks $1.80, ineal-Homeo lb. -- ... 100-lb. sacks $1.30, 50-lb. Homeoline $1.69, Germ $1.60. CHICKEN FEED—Beef scrap, 100-lb sacks $3.25, 50-lb. sacks $1.65, Purina pigeon feed $2.15, Purina baby chick feed $2, Purina scratch, 100-lb. sacks $1.85, 60-Ib. sacks $1.85, Purina scratch bales $2.06, Purina chowder, 100-Ib. sacks $2, Purina chowder, dozen pound pack ages $2.20, Victory baby chick $2, Vic tory scratch, 50-lb. sacks $1.90, 100-lb. sacks $1.80, wheat, 2-bushel bags, per bushel $1.40, oyster shell 80c, special scratch, 100-lb sacks $1.80, Eggo $1,85,. charcoal. 50-lb. sacks, per 100 pounds $2.* GROl’ND FEED—Purina feed, 176-lb. , sacks $1.65, 100-lb. sacks $1.65, Purina molasses feed $1.55, Arab horse feed $1.70, Altneeda feed $1.65, Suerene dairy feed $1.50, Monogram, 100-lb. sacks $1 60, Victory horsefeed, 10-lb. sacks $1.65; A. B. C. feed $1.55, milk dairy feed $1.65 alfalfa molasses meal $1.76, alfalfa meal $1.40, beet pulp, 100-Ib. sacks $1.56, homa rustproof 50c. ATLANTA LIVE STOCK MARKET. (By W. H. White, Jr„ of the White Pro. vision Company.) Quotations based on actual purchases during the current week: Choice to good steers, 1,000 to 1,200, $6 00416.50; good steers, 800 to 1,000, 5.50 (a 6 00; medium to good steers, 700 to 850, S:25@5.75; medium to good cows, 700 to 800, 4,50@5.00; good to choice beef cows, 800 to 900, 5.00@5.75; medium to good heifers, 650 to 750, $4.25®'4.75; good to, choice heilers, 750 to 850, 5.75. The above represent ruling prices of good quality of beef cattle. Inferior grades and dairy type selling lower. Mixed to common steers, if fat, 800 to 900 5.00@5.75; rnediunrto common cows, if fat, 700 to 800. 4.50@5.50;mixed com mon, 600 to 800, 3.25@4.25; good butcher bulls, 3.50®4.50. Prime hogs, 160 to 200 average; 8.90® .25; good butcher hogs, 140 to 160, 8.75 ik.OO; good butcher pigs, 100 to 140,. 25©8.75; light pigs, 80 to 100, 8.00®) 50: heavy rough hogs, 200 to 250, 8.25 @8.75. Above quotations apply to coin-fed hogs, mash and peam;: - fattened hogs, 1 to lV?c under. /f= Ss the Day The Market Basket, with Its great variety of suggestions and its money - saving prices, appears in to-day's Georgian. For the busy housewife this feature will save worry, time and money. 1913. 1912. New Orleans 1.510 1.618 Galveston 1,531 1,306 Mobile 397 167 Savannah 1.819 2.581 Charleston 512 710 Wilmington 71 8J Norfolk 3G0 1,453 Baltimore 122 New York iio Boston 1 372 Philadelphia 261 Brunswick 1,587 i.isi \ arious 22 Total S.049 9.614 INTERIOR MOVEMENT. 1913. 1912. Houston 1 997 890 Augusta % 315 476 Memphis 1,034 1,561 St Louis 1.766 1,359 f Cincinnati 1 38 Little Rock 4-2 Total M12 4,746 FREE THEATER TICKETS and The Atlanta Georgian SECOND COUPON TO-DAY i Coupon No. 2 of the Free Theater Ticket Series will be found on Page J. of to-day’s Georgian. The remaining coupons of the series will appear in The Georgian to-morrow and in Hearst’s Sunday American next Sunday. Cut out and send the four coupons, of consecutive numbers, to our office, by mail. In close a self-addressed, stamped envelope, and we will send you a reserved seat ticket for one of the Miss Billy Long Stock Co.'s plays at the Atlanta Theater . • Thousands of tickets are ready for distribution under this unusual offer—the most liberal ever made by a newspaper. Nothing required except the four coupons of consecutive numbers and a stamped, addressed envelope for the return of the ticket to you. A Free Ticket for Every Set of Four Coupons Returned HEARST’S SUNDAY AMERICAN and THE ATLANTA 20 East Alabama Street Atlanta GEORGIAN 35 Peachtree Street