Newspaper Page Text
16
TTTF. ATLANTA GEORGIAN AND NEWS. FRIDAY. MAY 2. 1913.
CO. SMS ILL
•
Cosmopolitan’s Purchase of Old
Corporation’s Assets Gives Un
divided Profit Fund.
The* Cosmopolitan Life Insurant-
Company, of Atlanta. Georgia. a nev
organization bearir.e the name of it
old concern, has been licensed by th
State of Georgia and is expected
p ay an important part in the inaur
«nce world. The new company has n
relation to the oh] one beyond takin
over its assets. The license was Is
st.e, after a thorough inspection o
the company’ll assets and iidbllities
i Had of the nun burking it
( A unique instance in connection
with the formation of the company
was that the entire amount subscribed
had no charge against it, President J.
O. Wynn handling this work without
recompense. The stock was sub
scribed on -a 2 to 1 basis, each »uli
st riber for $100 worth of stock putting
in $100 to the surplus fund as a
Made $20,000 Riclier
By Word ‘Peachtree’
Atlanta Postmaster Says He Used
Fine Judgment in Choosing Magic
Name for Farm.
•[ATLANTA MARKETS
I Conditions Shaky
In Wool Market
L
Recent Buyers Unload, Fearing,
Liverpool Will Retender Its
May Contracts.
and
off*
the .Journal
more bull
et of these
her condlt
entlment
NEW YORK. Mu
Hon of May, whi
higher. Hie cotton
bullish as yesterday,
prices tanged from
point lower than last
hies at first were se
etion will
hardly pr<
esterday %
. knnwlolj
No Decided Commitments Likely!
Until More Positive News
Comes From Abroad.
opt
joint
in i
not
The other initial
unchanged to l
night's close i'u-
erul points higher
rued,
• t later
of this
at ra Iff h tout contribution. The com
pany starts business with a capita'
stock and surplus of $260,036.
Undivided Profit Fund.
It has a fund of undivided prollis
amounting to $108.539.70 acqulr-* 1
from the purchase <»f the assets »f
tiie'old company. This does riot in
elude stock notes amounting to $137.-
4 78.62. upon which the new cam pan v
expects to realize approximately $50.-
000.
Thus, say tlie officers of ‘ho . nm-
pany. "It is apparent that the sto k
of the new company subscribed at a<
tual cash of 2 to 1 has a book value
of more than 3 to 1 at the outset.
The following statement has been
given out by the company: •
“The Cosmopolitan Life Insurance
Company, of Atlanta. Georgia, is m
entirely new and independent com
pany. It has m* connection with th"
old company of that name, excool
that it bought its assets at public *«!*•
An entirely new company was organ
ized to take over these assets.
“So great was the faith of Hi?
stockholders in the new company that
on the day of organization they sub
scribed themselves to more than $->0,—
ooo of life insurance, against which
there is no commission charged.
Strong Agency Force.
"TITe large acquaintance of Pros!
dent Wvnn throughout the Southern
States an.l the fact that he is recog- |
ni/.rd as an able and successful man
age: lias brought in a large number
*if applications for agences from men
of the highest grades throughout
Georgia and other Southern State...
and it is safe to say that within a
*hort time the comnany "ill have i
very strom agency force at work.
"While it is the mimosa of the corn-
puny to maintain a careful and con
servative management at all times, u
will be its policy to be as liberal as
ilble with its agents and policy
e rt» within the law and consistent
safe and Conservative conduct of
than had been ex-
off sharply after
market. Southern weath/r reports were
f | rather bearish New Orleans was active,
j but fluctuated within a moderate rung®
during the first fifteen minutes.
After he call, the market became
weak on general selling by the ring and
several brokers who usually represent
the larger apot houses In addition to
this selling, the market had t<> face
Norden & Go average estimate, which
gave tiie total at an Increase of 4.7 per
cent This was 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 been eliminated and
some of the May taken up is bring re
sold. On tb« decline, July and May
dropped 13 points from the initial leve
August r
■d
1 points, while late po
sitions sustained losses of 9 to II points.
The decline was helped along on pros- |
poets of bearish mill takings figures
and absence of any special news of (he
spot situation
During the late forenoon the market
was uuiet, with prices at the low level
It became apparent to-day that May
contracts taken up by the foreign in- j
terests will be re-tendered here, since j
actual holders are inclined to be dis
appointed with it. However, it is said
that there has been freight room en
gaged for about 25,000 bales ami very
little additional room is available this
month. Tills did not stimulate the mar
ket and general liquidation continued*
during the afternoon session.
With the short interest In July re
duced to a large extent, the trade is in
clined to sell the market short on con
tinued favorable weather news and ex
tremely bearish sentiment.
The entire list allowed further depress
ion during the afternoon session. May
increased Its decline to 16 points under
the previous close. July and August
dropped 12 to 14 points and later months
followed the decline closely.
At tiie close tiie 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.
RANGE IN NEW YORK FUTURES.
Liverpool c>
■ if ck and
ontrois
l Ik fo;
easily run
a "Hq
dimmer me
mtha
Dallas wi
I-OH “T
no rain re
ported.
'Jhe ling
crowd
throughout
the iin.
1 Jwrpool
cables
fair, 7.26/1;
good
filing, 6.72/1
; low n
ordinary, 6.
24d: or
•
Mitchell i
ind 8c 1
ers of July.
The i
sell on all r
allies
Following
- shows
estimate fo
r (he c
North Ci
irollna
South Car/
>llna 2
< J< orgln un<
ilia ng/M
increase. Mlssissip
Louisiana
i 8 per
5 |M*r cent
In/-re;
cent Iticrei
se. Ari
crease, Ter
ir.es.-ec
average, \:
7 per </
Ozark, AI
la., win
for cotton /
•rop in
Postmaster Hugh McKee says he
has added $20,000 to hie personal
wealth by means of one wori^ “Peach
tree" Is the word. Captain George S.
Lowndes made the suggestion which
enriched Mr. McKee. *
“I h$ve decided to call my farm, an
80-acre plot out on Peachtree Road,
sy.CHARLES w. STORM. by th. one and only magic name—
Nl-;\t vni!K, May 2 Illinois Central Peachtree. Hereafter it is Peachtree
f a mixed list at the' farm. And if I want to sell it I will
I get a considerable amount more be-
• cause of the name.” said Mr. McKee.
"You would be surprised to know
how people arc using that name and
ho;v it Ur spreading all over the coun
try.
“Letter." are addressed to Peachtree
Place. Peachtree Hoad, 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.”
' pening
gin nlng
resulted
feature
f the stock market to-day, be-
t 114 b, for a gain of IV This j
talk in
bullish
id
I Among th
PaHflc •- ft
high Valley
I Northern Pi
j I 'aclfic L .
Amalgamate
1 - Chesapi
in
'anadian
%. Le
af 1913
f’Tlt
inc
was
per
I. Alabama 4 per
pi 7 per r ent inct
cent Increase,
ise. Oklahoma per
.arisas 6 per cent In
i’, p.-r#i ent increase;
■nt increase.
>s “Poorest prospect
Alabama have known;
first planting all to plant over; second
planting dying as It comes up; farmers
dlshearte ned.”
declines w
V St. Paul
V Missouri Pi
ifii V Reading V In ion
The advances included
Copper V American Can
ke and Ohio V Pnlted
| Stales Steel common %, Southern Pacific
to 'i. New York. New Haven and
■''' Hartford %, New York Central '* and
° Mexican Petroleum %
The curb market was dull.
Atmricans In London were
1 phrted. Canadian Pacific
shaded from its best price.
There was a marked improvement in
the market during the forenoon. Ai
105% New York, New Haven and Hart
ford was up V Copper. Cnlon Pacific.
Steel and Chesapeake and Ohio were up
%. Illinois Central advanced 1% to
114V Canadian Pacific lost 1% to 236%.
The tone In tiie late forenoon was firm.
Call monev loaned at 2%.
The market closed steady. Govern
ments unchanged; other bonds firm.
a sc.
cent
NEW ORLEANS. May
Clark: The weather map.
-Hayward &
. very favor
able; it shows cloudy In the western
half fair in Hie eastern half, warmer
generally and no rain. The map In
dicates unsettled anil showery weather
in tin- western half, with probable rain
in Oklahoma and Northwest Texas.
Generally fair in the eastern half. The
Id wave remained stationary over the IqvyPsI and last prices of stocks
Today's NewYork
Stock Market
Rockies overnight.
Storm warning: Disturbance ever the
southern part of Colorado moving east
ward will cause moderate to brisk
southerly winds this afternoon and to
night.
Consols
entes 22 1
reported I
id higher
ICd better. French
.. o
t!
B« L
My
11.58 11.591140
Jit
11.54 11.54 11.54!
Jly
ll.65i1L66il1.5li
Ag
11.40111.41! 11.37|
Sp
11.10 11.10 11.08
i >e
1 1.03 1 1.06 10.92
Nv
1 )c
1 1.06 1 1 "8 10.94 1
.In
11.04 11.04 10.91
Mil
1 1.12 11.12 1 1 12:
.41 11 41-42111.R1
Liverpool i
74.04)0 bales;
can decrease
•a hies: American
total, 8!'. 175 bale
. 15.310 bales.’'
forward.
Ameri-
Leadlng New
vor reaction.
York opinions still fa-
11.30,11.
, 10.05
10.95-
II 04-0..
0.95 10.01-95 11.03-04
1.12 1 1.03-0411 1.11
po-
f 28.
x a s
\
\
.> in
NEW YORK PRODUCE MARKET.
N-r\\ TURK. May ii —1‘etrolemn
stpu.H . i n»le IVnnsylvuiila 2 .■«
Turin mini' -t< 11 nl_,l
Kosln i,uii*t. common 4., 5 mn
Wool Hctlvo. domestic «<**;<•
pullet] scoured basis
scoured basis 4K(frio;>
Hides improved demand, mom
1!",. branded sleors l»-i'»b'<
sicadv. options openod
higher. Kb. Xu. 7 on spot
nice steady: domestic
prime 4% #5%
Molasses _ stea
kettle 35t&-50. ,
Sugar, raw active; centrilugal
S.S0. muscovado 2-84®f ! 2.8 M
sugar 2.61(^2.64. .
refined fitm fine granulated
cut loaf 4.15 bid. crushed f>.o»
A 4 70 bid. cubes 4.50fi4.60.
35(?i 4.45, diamond A 4 3e bid
rs A 4.10W4.20. Softs- No. 1
4 004,4 10. (No. 2 is 5 points lower than
No 1 ami Nos. 3 to 1* are each 5 points
lower than Hie preceding
Potatoes firm: white nearby 1.8, «i *.00.
Bermudas 3.0047 5.5%
Bean.s steady; marrow *n
6.00. pea choice 3.85fr 3.9r>.
choice 4.20® 4.30.
Dried fruits steady; apricots ‘ holce to
fu nrv to^'Vil 'J 1 * apples evaporated
“ ■ r.ncv S>.»|*V prunes 30s tu
COs to 100s S'zlPt'a. peaches
0.07A4. seeded raisins
Closed steady.
4
©11%.
ordinary to
New Orleans open
36 (<r
molasses
Sugar.
4 25 (b4.35.
bid. mold
powdered
•onfectioners
OlC€
red
5 ‘•Oil
kidney
prime
60s 5 ; N bid.
choice to fancy
choice to fancy 5**6%.
modern miller crop outlook.
ST I.OL'IS. May : Keports from the
nal winter '
of
LIVERPOOL COTTON MARKET
LIVERPOOL, May 2 This market
was due 1o open 4% to 5 points higher
on near months and 2% points higher on
late positions, hut opened irregular. 5 to
7 points advance on near positions and
to 5 points higher on distant months.
At 12:15 p in . the market was very
steady, (>% to 8 points higher on old
crops and o to 6% points higher on new
crops. laater the market declined l a
point from 12:15 p. m.
Spot cotton firm at 12 nointH advance;
middling 6 72d sales 10.000 bales, includ
ing 8.000 American; imports 18.000 bales.
Ivut receipts are to-day estimated at
8.000 bales, compared with 16,982 last
week and 9.700 Iasi year, against 11.171
bales for the corresponding week tiie
year before.
At the close the market was barely
steady with prices at a net
1ii$3 points from Thursday
’I’he New Orleans Times-Democrat
says “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 of fact, the talent was predicting
11 51-52 11 63-64 I 13c for July, whereas at the close Tues-
9-30 11.41-42 day the talent talked freely of the pros-
1-03 11.10-12 ! pect of 9c on the blackboards before very
long. Hears said the shade of a once
mighty manipulator has crossed the path
oT tin* market and scared shorts had to
run to cover. Hulls said toj.) many 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
Hie comparatively heavy exports for the
week thus far, to thq 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
sorted that the presence of low-grade
cotton in the New York stock will not
prevent Hie taking up and shipping of
cotton from New' York to Liverpool."
Following are 10 a. m, bids: May 12.03,
July 11.90, August 11 49, October 11.10,
January 11.12.
Estimated receipts for Saturday;
1913. 1912.
New Orleans 2.000 to 2.500 1,331
Galveston 2.500 to 3.500 2,752
Below are given the highest.
to-day, together
vioils close
with the pre-
Last
Prev.
■Stock—
High.
Low.
Sale.
Close.
Amal. Copper.
74
72%
72%
733*,
Am. Ice Sec..
24%
23' 7 2
24*4
23%
Am. Sug. Ref.
111
111
111
111%
Am. Smelting
67%
66' 2
66', 2
66' 2
Am. Locomo..
34
34
34
33%
Am. Car Fdy..
49‘ 4
48* 2
48' 2
49
Am. Cot. Oil..
44'/ 2
44' ^
44' 2
44
Am. Woolen .
20
Anaconda
37%
37
37
37%
Atchison
99' 8
99
99' 8
99
A. C. L.
120%
120%
120' 2
121
American Can
33' 2
32%
32%
32' 8
do, pref.
92%
923 8
92' 2
92
Am. T.-T.
129
128' 2
oz
K
cc
CM
128' 2
Am. AgricuL.
50
i Beth. Steel .
33
33
33
33
B. R. T
89%
89
89%
88 7 a
B. and O
98' 2
98%
98%
98' 4
Can. Pacific..
240%
238' 2
239*4
2403 «
Coi'n Products
10%
10%
10%
10%
C. and O
Sf,'/ 8
64
64
643 8
Consol. Gas. .
l29«/ 2
129*/*
129' 2
129
Cen. Leather.
23%
23'/g
23%
23' 4
CoIq. F. and 1.
31'%
31*/a
31! 2
32
Sharp Loss in English Market
and Promising Crop News
Cause of Declines.
ST. LOUIS CASH QUOTATIONS.
Wheat No 2 red 109
Horn—No. 2 67 Vi
Oats—No. 2 35
ulvance
iin.11
Futures <>pz
•ned firm.
i tpuifing
Range
Close
Prev.
Close.
May
6 45 -
6.46
6.41 %
6.38
May-June .
. .6.43%-
6.46
6.41
6.38
June-July
. .6.41 % -
6.43* >
6.39
6.36 %
July-Aug.
. .6.3!) -
6.40%
6.36
6 84
Aug.-Sept .
, .6.30 -
6.29 %
6.24
Sept.-Oct. .
. 6.35 -
6.14%
6.13
6.10
Oct.-Ndv, .
6.07
6.08%
6 05
6.03%
Nov.-Dee. .
.6.05 -
6.06 %
6.02%
6.00%
Dec.-Jan.
.6.05
6.01 •«
5.99%
Jan.-Feb.
6 04
6.03%
6.01
5.99
Feb.-Mch. .
6 06-
6.05%
6.02
6.00
M. ii - Apr
(Mused bare
>ly steady.
6.03 %
6.01
tlu- condition
the crop and the
abandoned acreage on May 1 show there
i* a larger vield of wintei "heat in
prospect than was ever raised in this
country before. .. ,
The average condition in tin* 1 niteo
States is estimated at 92 per cent.
The abandoned acreage m the l nil* o
States is estimated at 973.000 1 he
prospective yield uf the principal win
ter wheat States is Ohio, 34.484,000.
Indiana. RT'.'rc.tlOO; Illinois
M’sBourl. ».• :!St.M0; Nebraska.
II (t; Kansas. 118.^78.000; Oklahoma. III*.
. 5.000 bushels.
LONGS LIQUIDATE WHEAT;
LOWER PRICES EXPECTED
(’Hll'.UJO. May 2 -The Inter Ocean
sitva “The local long interest in wheat
las been reduced somewhat of late,
'readers call attention to the efforts to
tiie market for a week with indif
ferent success ami were Inclined to look
fo- lower prices io-da\ should good rains
come in Kansas, and if foreign markets
show a decline.
It is said by those who know that tiie
recent heavy selling of corn by th* 1 Ar
mour Grain Company has been tu take
profits on their purchases of the past
two months Bears are talking a larg-
* movement, while the'bulls regard the
situation as one in which there is little
money to be made *>n either side for the
mesent Th( v l»elieve that corn is
vvortli tl.e money and do not look t"r
much change in prices until some now
factor develops of sufficient Importance
to largely increase trade either way
Atlanta mule and
HORSE MARKET
(Co r *eeted bv the National StockAfarda
Com mi 1*1 on Company: C G. Tur
ner. President.)
Muiei.
^ 14 to 14'-- hands,
f $115 to $130“
34 to U M t- finish *
HAYWARD & CLARK’S DAILY COT
TON LETTER.
NEW ORLEANS. May 2 This morn
ing’s map show's that tiie cold wave re
mained • tationary over the Rockies dur
ing tin* past twenty-four hours. Cloudy
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
and Oklahoma and cause unsettled and
ralnv weather in the Western States,
while fair weather will continue over
the eastern half of th** belt. The cold
wave should follow in the wake of the
storm area, but nothing definite can he
said about its course before to-morrow.
While there is no positive political news,
the advance in consols ami rentes re
flects 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
(■•obits 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. Now York advices
ire still to tin effect that the general
diort interest is large, and tiie larger
interests are in favor of further reac
tion.
The eontraet market is quiet, consid
ering the possibility of further easiness
on bearish mill takings, but the’ v is nr.
great desire to sell Whether develop
ments over Sunda.v and prospects ef im
proving politics hold a tion in suspense
NEW ORLEANS COTTON.
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
tiie same week the year before. Other
kinds during the past week show a de
crease of 45,000 hales, compared with a
decrease of 25,000 bales 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 bales, against a decrease of 236.
827 bales for the same week last year
Colo. Southern ....
D. and H..
Den. and R. G
Distil. Secur.. 15' 4
Erie 28%
do. pr?f. . . 44'/*
Gen. Electric. 139 1 4
Goldfield Cons.
G. Western 14' 4
G. North pfd. 126 7 8
G. North. Ore! 32
Int. Harvester 101 1 2
Illinois Central 114* a
Interboro .... 14 7 8
do, pref. 51 7 b
Iowa Central
K. C. Southern 23
K. and T 23' >
Lehigh Valley 155 1 8
and
i decrease
»f 162,640 bales
or the
corn*
iponding we-
ek in 1911.
W<
riel s visible
supply:
1913. 1912. ,
1911.
American 3.
164.802 3.733.997'2
336,724
(>thet
kinds . . 1,
4.‘3,000'1.195.000 1
185,000
Total
all kinds, i
017.802,4.928.0!'?^
521.724
World’* spinne
•s’ takings:
1913. | 1912. !
1911
F. r \
eek .. 22
9.000; 334.000
237.000
Si net
Sep. 111.13
1.1*00 12,120.000 : 9
680,000
Movement intt
sight for week:
•19
13. 1912.
1911
Overl'/I w'k. 1
2.189 18.110;
7.287
Sine*
Sep. 1
1.128.559,
861,958
Sigh!
week. <
•;.C89 134.836
59,128
Since
Sep. 1 12.9;
1.563 15.064,498 11
230.7 -4
So. e
onsuni.
5.000 41,000
28.00
We
e kly interie
r movement :
1913. 1912
1911.
Ue.-e
pts
33.602 54,044
25.257
Shipments
. 70.212 84.517
,0.368
Stool
. 440,587 300.402
296.311
We
ekly export
s:
| 1913.
1912.
since
September
1. . .7,656,824 !
.755,298
For
week . .
. . 169.555 !'
L. and N . . . .
Missouri Pac.
N. Y. Cen. . . .
Northwestern
Nat'l Lead
N. and W
North. ?ac...
O. and W
Pennsylvania
Pacific Mail. .
*P. Gas Co..
Reading
Rock Island.
do. pfd .
R. I. and S.
do. pfd
Sloss-Sheft.
South. Pac
Southern Rwy
do. pfd
St. Paul ...
Tenn. Copper
131' /2
35
101 7 8
131
105' a
114%
30
114%
161' 2
19%
31! 2
23
*4
2*4 >4
76
107' 8
35
15’/4
28%
43%
139' 4
14%
126%
32
101' 2
112%
14* 2
51 •/«
23
23'/4
154
131
34%
101' 2
131
105'/3
114
29' 2
114%
160' 8
19
31%
23
82
97%
24%
Texas Pacific
Third Avenue
34
34
34
15' 2
34’ 2
Union Pacific
149%
148%
148%
149' 8
U. S. Rubber
64
63
63%
62' 2
Utah Copper.
51
50%
50%
50
U. S. Steel .
60%
60' «
60%
60%
do. pfd
107%
107%
107%
107' 2
Va.-Car. Chin.
33
29' 2
29%
32%
West. Union. .
65' 2
65' 2
65' 2
65' 4
Wabash
3
3
3
3
do. pfd
9%
West. Slec.
61%
61%
61%
61' 2
Wiscon. Cen.
51%
Western Md.
39
Total sales 240.000
shares.
:‘ZnHHn | Battle Celebration
Committees Named
Fiftieth Anniversary of Conflict at
Atlanta Will Be Observed
Here July 22, 1974.
President Moore, of the Chamber of
t'omniFive, to-day named committees
on th*- semi-centennial celebration of
the battle of Atlanta, which will be
held here July 22. 1914.
Selections were made from the local
(t. A. Ft. Post, the Confederate Veter
ans’ organizations. Gounty Commis
sion, Fulton County Representatives
in tiie Legislature, Chamber of Com
merce. the press, advertising men's
organization, railways, militia and
hotels.
From the l nited Daughters of the
Confederacy, were named Mrs. Wil
liam 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.
To Deliver Address
Dr, McKelway Barred
Be Heard Sunday in Bap
tist Tabernacle.
The address that Dr. A. J. McKel
way. chairman of the Southern Socio
logical Congress, refused to let Dr. E.
M. Poteat. president of Furman Uni
versity. deliver at a session of the
congress he fie 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, w hen he will speak on the "Stew
ardship ot Wealth.”
GOVERNOR AT ASHEVILLE
TO WATCH CAR STRIKE
ASHEVILLE. X <\. May 2.—Gov
ernor Locke Craig. Adjutant General
Lawrence E. Young and (’harles W.
Johnson, of the Carolina Power Com
pany, arrived here 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
AshevilleMs current. Thie is Governor
Craig's home city.
STRIKE THREATENED BY
100,000 RAILWAY MEN
NEW YORK, May 2.—A strike vote
may soon be east by the 1(M),000 train
men and conductors employed on the
54 Eastern railroads as the result of
the refusal to-day of the railway
managers to submit tiie wage dispute
to a board of arbitration.
An increase of 15 per cent is asked.
LIVE STOCK MARKET.
CHICAGO. May 2. Hogs Receipts
17,000. Market 5c lower. Mixed and
butchers. $8,115(0 8.60; good heavy. $8.35(&>
8.50: rough heavy, Y8.10(q8..‘ > .0: light,
$8.3(>r</>8.70; pigs, $6.75@8.3Q,, bulk, $8.40
@8.60.
Cattle- Receipts 500. Market steady.
Beeves. $7.10(«8.75. cows and heifers,
$::.35@‘8.40: stockers and feeders, $6.15@
8.75; Texans, $6.60^/8.00; calves, $7.00(d>
9.00.
Sheep Receipts 6.000. Market steady.
Native anti Western, $5.35(^6.60; latnbs,
$6.15(fj 8.85.
BAR SILVER.
NEW YORK. May 2.- Commercial bar
silver Mexican dollars 48c.
LONDON'. May 2. Bar silver sicadv at
27 11 16d.
CHICAGO. May 2.—Wheat was
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,
w-hich 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 was 'n&Vic lower in sympathy
with Hie weakness in wheat, coupled
with the fine weather for farmwork.
oats were weak and lower.
Hogs were 5c lower at the yards this
morning, but tiie 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 ltfte to-day.
There were net gains of Va from the
lowest levels, but the losses for the day
were !4<gVaC. It was a market that was
chock full of manipulative movements
on tiie part of the bulls, but there were
no 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 %c lower to
vc higher. Cash sales of corn were
145,000 bushels and of oats 175,000 bush
els.
oats were kc lower to %c higher.
Hog products were 10@15c lower.
CHICAGO GRAIN MARKET.
15%
28' 4
44
139' 4
14%
126%
32
101' 2
112' 2
14' 2
51' 4
23
23' 2
154
131
35
101' 2
131
105' 8
114
29' 2
114%
i 60 ■ 8
19-a
31%
23
82
97' 4
24%
76
107' '2
34! o
28%
155
19
1P%
27%
43%
138
1%
14%
126L 2
32
108
113%
14%
51
7
23%
22' 2
154%
130%
34%
101%
130
49
105
114%
29%
114' 4
22
109%
160%
18%
31' 2
22' 2
82« 4
30
97%
24' 2
76%
108%
343 4
Prev.
High.
Jx>w
Close. Close
WHE.
IT-—
May . . ..
91%
90%
91
92’,
July.
90%
91 »,
92%
Sent. . .
CORN
91%
90%
91 H
92%
May. .
55%
i75
i>o%
July....
56
55%
56
56%
Sept....
56%
56%
56%
ott •
OATS
May ...
35%
Hot*
35%
35%
July....
35
34S
34 T,
35
Sept....
35%
34%
34’,
35
PORK
—
May .
19.70
19.50
19.50
19.471*
July....
19.65
19.47%
19.50
19.60
Sept....
19.42%
19.25
19.30
19.40
L 4 RD
—
M ay....
10.95
10.87%
10.87%
10.32%
July... .
10.85
1.0.72 y,
10.73
10.82%
Sept....
10.85
19.75
10.77%
10.85
RIBS
May. . . .
11.50
11.47%
11.47%
11.25
July. . . .
11.05
10.95
10.97%
10.00
Sept....
10.87H
10.77%
10.77%
10.85
CHICAGO CASH QUOTATIONS.
CHICAGO, May 2.—Wheat, No. 2 red,
1.01 ® 1.06; No. 3 red, 9601.01; No. 2
hard winter, 92(5/93; No. 3 hard winter,
90&92: No. I Northern spring. 02(^93;
No. 2 Northern spring, 91; No. 3 spring.
90(0)91.
Corn No. 2, 56^57%: No. 2 white. 58%
(0)59; No. 3 yellow. 56 1 %i56%; No. 3,
55(0 57%; No. 3 yellow. 5656 No. 4.
No. 4 W'hite, 56@57; No. 4
yellow, 54}6@55%.
Oats, No. 2 white. 36%: No. 3 white,
35(035%; No. 4 white, 33%®35; stand
ard, 36% @36%.
LIVERPOOL GRAIf^ MARKET.
LIVERPOOL, May 2.—Wheat opened
%@%d lower; at 1:30 p. m. the market
was ;%<g>ld lower; closed %@%d 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
Gorn . « . . .
180
204
< )ats
130
160
Hogs
1 17,000
11,000
PRIMARY
MOVEMENT.
WHEAT—
I 1913.
1912.
Receipts
587,000
( 323,000
Shipments ....
. 1,340,000
| 591.000
CORN—
i
i
Receipts .....
649,000
| 687.000
Shipments ....
369,000
428.000
GRAIN CLEARANCES.
Following are the weekly grain clear
ances ;
Wheat. 516.000 bushels.
Corn. 155,000 bushels.
Wheat and flour equaled ,606,000 bush
els. 1
OPINION ON GRAIN.
CHICAGO, May 2.—Bartlett. Frazier
&• Co.: Wheat—The market will prob
ably be lower to-day in sympathy with
the weakness abroad, but we continue
to feel strong on the cash situation.
Corn—The market show's 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 w eak spots.
EGGS—Fresh country, candled, 15®
16c.
BUTTER—Jersey and creamery, In
l-lb. blocks, 27%@80c. fresh country,
fair demand, 17%i& , 22Vf:c.
DRESSED POULTRY— Drawn v head
an/1 feet on, per pound: Hens, 55@55c;
fries, 32%©25b; roosters, &^iU. turkeys
owdng to fatness, 20@22V$»c.
LIVE POULTRY—Hens. 60@55e;
roosters 25@30c, fries 35@4uc, broilers
20@35c, puddle ducks 30(t|)35c, Pekins
35@ 40c, geese 60@ 60c each, turkeys, ow
ing to fatness, lS@20o.
FRUITS AND PRODUCE.
FRUITS AND VEGETABLES—-Lem-
ons fancy $6.00 grapefruit $2.75@3.00.
cauliflower 10@12!ac lb., bananas, 3c per
pound, cabbage #1@1.10 crate, peanuts
per pound, fancy Virginia, 6V^@7c,
choice 5%@6c. lettuce fancy $2.50(<i'.30U,
beets $1.00@J.25 in halt-barrel crates,
cucumbers $2.25@>2.50.
Egg plants (scarce) $2.25@2.75 per
crate, pepper $2.60@2.76 pfer crate, to
matoes fancy, six-basket crates $2.25@
2.75, pineapples $2.50@)2.75 per crate,
onions 60@60c per bushel, sweet pota
toes, pumpkin yam 65@70e. strawber
ries 10@12%c per kuart, fanefy Florida
celery $2,50@3.00 per crate, okra, fan
cy 6-basket crates $3@3.00.
FISH.
FIsJH—Bream and perch, <’c pound;
snapper. 10c pound; trout, 10c pound;
bluefish, 7c pound; pomoano. 20c pound;
mackerel. 7c pound; mlxeu fish 5@6e
pound; black bass, 10c pound; mullet, $12
per barrel.
FLOUR AND GRAIN.
FLOUR—Bostell’s Elegant $7.75,
Omega $7.50, Carter’s Best $7.75, Qual
ity (finest patent) $6.65; Gloria (self
rising) $6.60. Results (self-rising), $6.25-
Swans Down (fancy patent) $6, Victory
(the very best patent), $6.60, Mono
gram $6, Queen of the South t finest
patent) $6.60, Golden Grain $5.60. Fault
less (finest) $6.25, Home Queen High
est patent) $6.85, Puritan (highest pat
ent) $5.85, Paragon (highest patent)
15.85, Sunrise (half patent) $5.25, White
Cloud (highest patent) $5.50. White
Daisy' (high patent) $5.50, White Lily-
thigh patent) $5.50, Diadem (fancy high
patent) $5.75, Water Lily (patent) $5.15,
Sunbeam $5.25, Southern Star (patent)
$5.25, Ocean Spray (patent) $5.25, Tulip
(straight) $4.la, King Cotton (half pat
ent) $5. low grade 98-pound sacks $4.
GROCERS.
SUGAR- Per pound: Standard granu
lated 6c. New York refined 4%c. plan
tation 4.85c.
COFFEE — Roasted (Arbuckle’s)
$24.60, AAA A, $14.50 in bulk; in bags and
barrels. $21: green 20c.
RICE—Head 4%@5%c, fancy head 5%
@6%c, according to grade.
LARD—Silver leaf 13c pound, Scoco
8%c -p ound. Flake White 8%c pound,
Cottolene $7.20 per case. Snowdrift $5.85
per case.
SALT—One hundred pounds. 53c; salt
brick (plain) per case. $2.25; salt brick
(medicated) per case, $4.85; salt red
rock per hundredweight $1; salt white
per hundredweight 90c. Granocrystal,
per case, 25-lb. sacks, 75c; salt ozone,
per case. 30 packages, 90c; 50-lb. sacks,
30c; 25-lb. sacks 12c.
MISCELLANEOUS — Georgia care
syrup 37c, axle grease $1.75. soda
crackers 7%c pound, lemon crackers 8c,
oyster 7c, tomatoes (2 pounds) $1.G5
case, (3 pounds) $2.25. navy beans, $3.25;
Lima beans 7%c, shredded biscuit $3 60,
rolled oats *3.90 per case, grits (bags)
$2.40, pink salmon $7. cocoa 38c, roast
beef $3.80, syrup 30c per gallon, Sterling
ball potash $3.30 per case, soap $1.50@>
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-nound sacks 35c, 96-
pound sacks 79c, 48-pound sacks 85c,
24-pound sacks 83c. 12-pound sacks 80c.
OATS—Fa nek While clipped 54c, No. 2
clipped 53c, fancy white 52c, mixed 51c.
CO'TON SEED MEAL—Harper
$28.50. Cremo feed. $26.00.
COTTON SEED HULLS — Square
sacks $15.50.
SEEDS-(Sacked): Wheat, Tennessee
choice Burt 70c, rustproof 60c. Okla*
blue stem $1.60. German millet $1.65.
amber cone seed $1, cane seed, orange
$1, rye (Tennessee) $1.25. red top cane
seed $135. rye (Georgia) $1.35, blue seed
oars 50c, barley $1.25.
HAY Per hundredweight: Timothy,
choice, large bales, $1.30. No. 1 • small
bale? $1.25, No. 2 small. $1.15; Timothy
No. 1, clover mixed, large bales, $1.25.
silver clover mixed hay $1.15. Timothy-
No. 1. clover mixed, $1.15; clover hay,
$1.10, alfalfa hay, choice green $1.30, No.
1 $1.20. w’heat 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 14 pounds aver
age, 18% e.
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 pall, 12%c.
Cornfield picnic hams, 6 to 8 pounds
average, 13V 2 c.
Cornfield breakfast bacon 24%c.
Grocer style bacon (wide or narrow),
18%c.
Cornfield fresh pork sausage (link or
bulk) 25-pound buckets, 12V 2 c.
Cornfield frankfurters, 10-pound box
es. 12c.
Cornfield bologna sausage. 25-pound
boxes, 10c.
Cornfield luncheon hams. 25-pound
boxes. 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. 50-pound boxes. $5.00
Cornfield pure lard, tierce basis, 12%c.
Country style pure lard. 50-pound
tins. 12%c.
Compound lard (tierce basis). 8%c.
D. 8. extra ribs. 12%e
D. S. rib bellies, medium average. 13%
D. S. bellies, light average. 13V^c.
Many Mills Will Close Down Until
Tariff Changes Are Made-Sales
and Values Off.
BOSTON. May 2.
have dropped again,
business done largely
of values, owing to
-Sales of wnnl
with the small
at the expense
conflicting re
ports from Washington regarding the
tariff. The trade is 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
many 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 Wednesday
were: '
1913. 1912.
Domestic 2,009,752 2.659,774
Foreign 961,965 4,333.890
Totals in pounds from and including
January 1, 1913, as compared with the
corresponding period of 1912 were
follows:
1913.
Domestic .... 23,614.041
Foreign 35.644.905
as
1912.
36,812,765
50,286,537
Totals
58,258,946 87,099,302
dandy middling 160-lb sacks $1.75,
cy, 75-lb. sacks $1.75. P. W.. 7j7-lb. s:
fan
cy, 75-lb. sacKs j>i.(o. i'. w.. (u-iu. sacks
$1.60. brown, 10^-Ib. sacks SI.55. Georgia
feed, 75-lb. sacks $1.55, clover leaf, 75-
lb. sacks $1.60, bran, 75-lb. sacks $1.30,
liiO-lb. sacks $1.30. 50-lb. sacks $1.30,
Homeoline $1.60, Germ meal-Homeo
$1.60.
GHICKEN FEED—Beef scrap. 100-lb.
sacks $3.23. 50-lb. sacks $1.65, Purina
pigeon feed $2.15, Purina baby chick-
feed $2, Purina scratch. 100-lb. sacks
51.85, 50-lb. sacks $1.95. Purina scratch
bales $2.05, Purina chowder, 100-lb. sacks
$2. Purina chowder, dozen pound pack
ages $2.20. Victory baby chick $2. Vic
tory scratch, 50-lb. sacks $1.90, 100-Ib.
sacks $1.80. wheat, 2-bushel bags, per
b*ishel $1.40, oyster shell 80c, special
scratch, 100-lb sacks $1.80. Eggo $1.85,
charcoal. 50-lb. sacks, per 100 pounds $2.
GROUND FEED- Purina feed. 175-lb.
sacks $1.65, 100-lb. sacks $1.66, Purina
molasses feed $1.55. Arab horse feed
$1.70. Alineeda feed $1.65, Suerene dairy
feed $1.50. Monogram. 100-lb. backs $1 60.
Victory horsefeed, 10-lb. sacks $1.65;
A. B. C. feed $1.56, milk dairy feed $1.65.
alfalfa molasses meal $1.75, alfalfa meal
51.40, beet pulp. 100-lb. sacks $1.55,
horna 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.
$6.00(^6.50; good steers. 800 to 1,000, 5.50
'll*;.00: medium to good steers, 700 to 850,
5.25<&5.7o; medium to good cows, 700 to
S00, 4.50(h 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 cat»le. Inferior
grades and dairy type selling lower.
Mixed to common steers, if fat. 800 to
900. 5.00(^5.75; medium to common cows,
if fat, 700 to 800. 4.50(ft5.50;mixed com
mon, 600 to 800. 3.25(^4.25; good butcher
bulls. 3.50(1/4.50.
Prime hogs. 160 to 200 average. 8.90(0)
9.25; good butcher hogs. 140 to 160, 8.75
>i .i.vO; good butcher pigs, 100 to 140,
• VqS.To; light pigs, 80 to 100, 8.00Ca*
8.50; heavy rough hogs, 200 to 250, 8.25
(a 8.75.
Above quotations apply to coin-fed
hogs, mash and peanut-fattened hogs,
1 to l! .c under.
FEEDSTUFFS.
SHORTS—White, 100-lb sacks $1.7/
Hallioay. white. 100-lb. sacks $1.7:
/f =
Today
is the Day
The Market Basket,
with Its great variety of
suggestions and its
money •• saving
prices,
to-day’s
appears* i
Georgian. For the busy
housewife this feature
will save worry, time
and money.
J
rough, good ages,
ill quality, $155 to
rough, $130 to $170
finish, 4’.80 to $205.
alitj and finish. *20c
14% to 15 hands.
15 10 13% hands
lt> hands, with 0
o S23V.
16 hands, heavy chunk.
•>50 % 1,400 pounds. $255
Horses.
Southern chunk horses
110.
southern ciiurk. finish. $110 t<
Qi otat
ons in cotton
futures:
rr
1
*
. ■ «*’
&
M t j »
— J c | *
ale
‘ / 1
!* *
C 3
o
CD
v I
LU
My“ IST(
uifTToTiT
ToiT5 i:’
12
Jn
..
1.9-94 12
02-04
.ilv iin.
ii.96iii.84 ii
S5 '
1.84-85 11
95-96
Ag 11.51
! 11.65 J 1.4 211
44 1
1.44-45 1 1
55-57
Sp
.. ‘11.15-17 11
27-29
Oc 11.11
ii io ii.o:%ii
or*
1.04-05 D
13-14 j
Nv ....
1.04-05 . .
Dc 11.11
1115 1 L<*.' 11
03 11.03-04! 11
13-14 •
Jn 11.14
11.15 11.05’11
07
1.07-08 1 1
16-18 ;
1.05-07 11
14-16;
1 Ih .
L09 H
19
reighing form
to >330
from
COTTONSEED OIL
r)riving horses, quality and finish, I
in prior from $160 to $210
r drt M«ht horses, rough. $160 to
ontr
■1 7.00"
THE WEATHER.
Conditions.
WASHINGTON. May 2. With the ex
oeption of light local rains in the upper
lake region, the weather will be fair to
night and 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 the country.
General forecast until 7 p m. Satur
day •
Georgia Fair w-night anil Saturday.
Alabama and Mississippi—Fair to
night it ml probably Saturday.
T» nucssoe and Kentuck> Fair to
night ami Saturday; continued warm
COTTON MARKET OPINIONS.
* i.eg.m A- Bryan W o feel the present
technical position suggests caution in
making short commitments.
Hayden. Stone A Co. Sentiment is
very bearish and cotton will be for sale
on favorable reactions.
Thompson. Towle A- Co.: Would not
sell short except oti some definite ad-
Norden <V Go.: We would not be sur
prised to see a further advance.
Miller & G We believe the present
advance simply otters a better selling
Ex-dtvidend 1% per cent.
SPOT COTTON MARKET.
Atlanta, nominal; mi/idling 11%.
Athens, steady: middling 12c.
Macon, steady: middling 12c.
New Orleans, steady; middling 11%.
Now York, quiet : middling i i S3
Philadelphia, quiet; middling 11.96.
Boston, quiet, middling 11.85.
Liverpool, firm; middling 6.72d.
Savannah, steady: middling 12c.
Norfolk, steady; middling 12c.
Augusta, steady; middling 12o
M< bile.’ nominal; middling 11%
Galveston, steady; middling 12%
Gharleston, quiet; middling 11%
Wh uington. nominal.
Little Rook, dull: middling 11%.
Baltimore, nominal: middling 12c.
Memphis, quiet; middling 12%.
St. Louis, quiet; middling 12%
Houston, stead> ; middling 12%.
Louisville, firm: middling 12%.
Greenville, quiet; middling U%.
Charlotte, steady; middling 12c.
TELEGRAPHERS’ WAGES RAISED.
NEW YORK. May 2. It is said that
the Erie 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.
REGULAR DIVIDEND DECLARED.
NEW YORK. May 2.—Tiie American
Steel Foundries declared the regular
quarterly dividend of one-half of 1 per
cent.
TODAY'S PORT RECEIPTS.
NEW YORK COPF-E MARKET.
Coffee quotations:
Opening. Closing.
T t. 25(If 1 .30 11.30'(il!.32
U.-.G-i 11.30 11.31 (g 11
MONTHLY CHOP
MOVEMENT.
sight during the
chI 553.037 bales.
11.26
11.27 Sill
U. 33*i 11.34
1.33 11.33^/ 11.84
UL-99/ii 11.01
1L01(« 11.06
VI .09® 11,11
11.187/11.20
il 11.30
11.2 e
11.29® 11.:
0 bags.
The* following
table shows
receipt*
at the ports to-*
lay compared
with the
same day laPt y
ear:
| 1913. |
1912.
New Orleans. ..
Galveston
1.610
1.531
1.618
1.306
Mobile
397
167
Savannah
1,819
2,581
Charleston
512
710
Wilmington ...
1
Si,
Norfolk
350
1.453
Baltimore
New York
iio
122
Boston
Philadelphia . . .
i
261
372
Brunswick
1.587
i.isi
Various ........
22
Total
8.049 1
9.614
INTERIOR MOVEMENT.
1913.
1912.
Houston
1,997 1
890
Augusta
315
4 16
Memphis
1.034
1,561
St. Louis
1.766
1.23s
Cincinnati
138
Little Rock
422
Total ,
5.112
4.746
FREE THEATER TICKETS
and The Atlanta Georgian
SECOND COUPON TO-DAY
Cftupon No. 2 of the Free Theater Ticket Series will be found on Page 1 of to-day’s
Georgian.
The remaining coupons of the series will appear in The Georgian to-morrow and in
Itearst ’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 GEORGIAN
20 East Alabama Street Atlanta 35 Peachtree Street •