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THE ATLANTA GEORGIAN AN1) NEWS. FRIDAY. MAY 2, 1013. I. STARTS WELL 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 .in o!<J concern, has been licensed by the State of Georgia and Is expec ted to play an Important part In the insur ance world. The new company has no relation to the old one beyond taking over its «assets. The license was Is sued after a thorough Inspection of the company's araets and liabilities and of the men backing 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 w ithout recompense. The stock was sub scribed on a 2 to 1 basis, each sub scriber for $100 worth of etock putting In $100 to the surplus fund as a straightout contribution. The com pany starts business with a capita! stock and surplus of $200,086. Undivided Profit Fund. It has a fuiiv. of undivided prod's amounting to $108,539.70 acquire! from the purchase of the assets of the old company. This does not in clude stock notes amounting to $137,- 478.62, upon which the new companv expeota 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 gash of 2 to 1 has a book value of inure than 3 to 1 at the outset. THe following statement has been glv#n out by the company: “The Cosmopolitan Life Insurance Company, of Atlanta, Georgia. Is an entirely new and independent com pany. It has no connection with the old company of that name, except that K bought its assets at public sale. An entirely new company was organ ized to take over these assets. “So great was the faith of th** stockholders in the new company that on the day of organisation they sub scribed themselves to more than $*>0,- 000 of life insurance, against which there Is no commission charged. Strong Agenoy Force. ‘The large acquaintance of Presi dent Wynn throughout the Southern rttates and the fact that he Is recog nized as an able and successful man ager has brought In « large number of applications for agences from men of the highest grades throughout Georgia and other Southern States, and It is safe to say that within a abort time the company will have a \ pry et.ron~ agency force at work. “While 1t is the nurnose of the com pany to maintain a careful and con servative management at all times, it will be Its policy to be a8 liberal as possible with its agents and pollcy- lic ders within the law and consistent with safe and conservative conduct of business.’’ NEW YORK PRODUCE MARKET. NEW YORK, May 3.—Petroleum steady; crude Pennsylvania 2.60 Turpentine steady; 41 bid. Rosin quiet; common 4.75 bid Wool active: domestic fleece pulled scoured baMa 35ft65. scoured basis 4*<865. Hide* Improved derpond; nat v« ]6U(ft,19t4, branded steers l6%iftio 7 i» Coffee steady; options opened 4 to 8 higher. Rio No 7 on spot 1U4©11‘V Klee steady; domestic ordinary to prime 4<fif5- Molasses steady. New Orleans open kettle 35ft50. Sugar, raw’ active; centrifugal 3.38ft 3.89, muscovado 2.84<?t2.89, molasses •uaar 2 61 ft 2 64. Sugar, refined Arm. fine granulated 4.268X4.35, cut loaf 4.15 bid. crushed 5 06 bid, mold A 4.70 bid. cubes 4.60(34.60, powder ad 4.35(tt4.45, diamond A 4.85 bid, confectioner, A 4.10fi'4.2G Softs- No. 1 4 004.1 4 10 i Nc>. 4 is 5 points lower than No l end Nos S to 14 are each 6 points lower than the preceding (Trade.1 Potatoes Arm ; white nearby 1 K1412 00. Bermudas S.OO(t,6.5’>. Beans stead), marrow choloo & ‘.*0<tr 6.00. pea choice S 86418 95, red kidney choice 4 20@4.30. Dried fruits steady; aprioots choice to fancy 10V813V apples evaporated prime to fancy oft ft 8 ft. prunes 30b to 60s 5% bid, 60« to 100s 3ft©4ft, J^acb^s choice to fancy 6.07ft. seeded raisins choice to fancy MODERN MILLER CROP OUTLOOK. ST. LOUIS. 3. 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 of winter wheat in prospect than was ever raised in thin country before. The average condition in the United States te estimated at 92 per cent. The abandoned acreage in the United States Ik estimated at 973,000 The prospective yield of the principal win ter wheat States is: Ohio, 34.484,000; Indiana 89.963.000: Illinois. 42.187.000; Missouri. 89,381.000; Nebraska. 62,120.- 0(JO: Kansas. 118.278,000; Oklahoma. 29.- 515.000 bushels May 2.—Exports this he larger than last Recent Buyers Unload, Fearing Liverpool Will Retender Its Contracts. May NEW tion of highe ith 1 «xcep- point YORK, May 2 May, which opened the cotton market \ bullish as yesterday. The other initial j prices ranged from unchanged to 1 point lower than last night's close, fa bles at first were several points higher than had been expected, but later eased off sharply after the opening <»f thin market Southern weather reports were rather bearish. N<*w Orleans was active, but fluctuated within a moderate range during the first fifteen minutes After the call, »h.‘ market became weak on general selling bv the ring and several brokers who usually represent the larger spot houses In addition to this selling, the market had to face Norden A Co.’s overage estimate, which gave the 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 la being re sold On the decline, Tilly and May dropped 12 points iroin the initial level. August, receded 11 points, whila late po sitions sustained Ipsses 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 ’be laic forenoon the market was ouiet, with prices at the low level. It became apparent to-day that May contracts taken up by the foreign in terests will be re-tendered here, since 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. This did not stimulate the mar ket and general liquidation continued • luring the afternoon session. With the short Interest in July re duced to t 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 showed 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 the close the market was steady with near positions 12 to 16 points low er and distant months 8 ♦•> 10 point* low* r than the final quotations of Thursday. RANGE IN NEW YORK FUTURES i 6 ! g 1 %> 91 1 rS 6 5 | 5 -1 5 1 o 1 tic My 11.68111.59111 40 11.41 11.41 42 1157 Jn 11.6 11.51 11 64 II.54 11.46 4 X 11.59- 61. .My 11.65111. or,, 11 51 11.52 11.51 -52 11.63- 64 A g 11.40 11.41 11 37 11.30 11.29 30 11.41- 42 Sp 1110 1110 11 os 11.09 11.01 03 11.10- 12 Oe 11.03 11.06 10 !<2 10.95 10.95 11 04- 0b Nv 10.95 -97 Dc 11.06IU.0S 10. 94 10.96 10.96- 97’ 11-06 Jn 1 1.04 1 1 04 10 91 10.96 10.94 -95 11.03- 64 Mh 11.12111.12111 12 11 1- 11.03 -04 11.11 25fl>28. Texas Closed steady. LIVERPOOL COTTON MARKET. LIVERPOOL, May 2 This market was due to open 4Vi to 5 points higher on near months and 2Vr* points higher on late positions, but opened Irregular, 5 to 7 points advance on near positions and 3ft to 5 points higher on distant months. At 12:15 p. m., the market w'as very steady, 5ft to R points higher on old crops and 5 to 5ft points higher on new crops. Later the inurket declined Vi point from 12:15 p. rn. Spot cotton firm at 12 points advance; middling 6.72d; sales 10,0; 0 bales. Includ ing 8.000 American; Imports 18,000 bales. Port receipts are to-day estimated at 8,0<H) bales, compared with 1.6,082 last week and 9,700 last year, against 11.171 bales for the corresponding week the year before At the close the market was barely steady with prices at a net advance of lft ®3 points from Thursday's final. Futures opened firm. Opening Prev. Range. Close. Close. May 6.45 - 6.46 6.41% 6.38 May- June . . . 6.43b.- 6.45 6.41 6.38 June -.1 Ills .6.41ti- 6.421* 6.39 0.36‘u Jul.v- Aug. . . . 6.89 6.40 Vi 6.86 6.34 Aug. -Sept . . . 6.30 - ■ 6.29 Vs 6.24 Sept. -Oct. . . . 0.25 - 6.14^5 6.1*2 6.10 Oot.- N<TV. . . . 6.07 - 6.08 1 j 6.05 6.03 ‘j, Nov. -Dec. . . . 6.05 - 6.06 % 6.02 If 6.00 1 a Dec.- •Jan. . . 8 05 d.ouj 5.99H Jan.- Feb. 6.04 6.03 Vi 6.01 5.99 Feb -Mch . . . 6.06 V 6.05'vj 6.02 6.00 Mch. -Apr . . . 6.02 6.01 Closed barely stead; /. HAYWARD & CLAR K’S DAILY COT- LONGS LIQUIDATE WHEAT; LOWER PRICES EXPECTED CHICAGO. May 3. The Intar Ocean sa» “The local long interest in wheat ha# been reduced somewhat of late Traders call attention to the efforts to bull the market for a week with indif ferent success and were inclined to look for low er 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 has been to take profits on their purchases of the past two months. Bears are talking a larg er movement, while the bulls regard ttie situation as one in which there is little money to be made on either side for the present. Thsy 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.” ATLANTA MULP. AND HORSE MARKET (Corrected by the Nat'onal Stock Yards Commission Company: C. G. Tur ner, President.) Mules. 14 to 14 V* hands, rough, good ages. $115 to $130 14 to 12ft, finish with quality, $156 to $180 14 W to 15 hands, rough, $130 to $170. 15 to 15Vi hands, finish, $180 to $205 16 hands, with quality and finish, $205 to $230. 16 hands, heavy chunk weighing form 1,250 to 1.400 pounds. $255 to $380 Horse*. oputhern chunk horses, from $75 to $110 Southern chunk, finish. $110 to $135. Good driving horses, quality and finish, ranging in price from $160 to 8210 Heavy draught horses, rough. $160 to ^tfeavy draught horses, finish, $210 to $800. METALS. NJ0W YORK. May 2.—Metal market was steady to-day. Copper, spot. July, jSMVt ftVi&« s ??! ter * n,i il,,c - NEW YORK, week probably will year. Exports late yesterday luuuw 28,000 bales. * * * Reports by Miss Giles and the Journal of Commerce yesterday were more bull ish than expected. The effect of these was to add to a bullish circular issued by Theodore Price Wednesday. * * •> As long as the weather conditions con tinue favorable, sentiment will be friendly to the market and a further upward reaction will hardly prevail, it Is said. The rally yesterday was In spired chiefly by the knowledge that Liverpool controls almost nil of the local stock and the foreign interests might easily run a “squeeze” in the active summer months. * • • Dallas*wires: “Texas generally cloudy, no rain reported; Oklahoma clear and warm.” * • * The ring crowd w f ere leading sellers throughout the morning session. • * * Liverpool cables: “American middling fair. 7.26d; good middling, 6.92d; mid dling, 6.73d; low middling, 8.50ftd; gof)d ordinary, 6.24d; ordinary, .">.90d." era of July. The ring crowd inclined to sell on all rallies # * * • Following shows Norden &. Co. acreage estimate for ti e cotton crop of 1913: North Carolina i per cent increase, South Carolina 2 per cent increase. Georgia unchanged, Alabama 4 per cent Increase. Mississippi 7 per cent Increase, Louisiana 1.8 per cent Increase, Texas r, per cent Increase. Oklahoma 9 per • ent increase, Arkansas 6 per cent in crease, Tennessee 5 r*»r ednt Increase; 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 comes up; farmers disheartened.” * • * NEW ORLEANS, May 2 — Hayward A Clark: The weather map Is very favor able it shows cloudy in the western half/ fair In the eastern half, warmer generally and no rain. The map in dicates unsettled and showery weather in the western half, with proneble rain in Oklahoma and North weet Texas. Generally fair In the eastern half. The cold wave remained stationary over the Rockies overnight. • • • Storm warning: Disturbance over the southern part of Colorado moving east ward win cause moderate to brisk southerly winds this afternoon and to night. TON LETTER. NEW 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 hour.-. 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 rainy weather in the Western States, while fair weather will continue over the eastern half of the belt The cold wave should follow In the wake of the storm area, but nothing 4leflnito can be said about Its course before to-morrow. While there Is no positive political news, the advance in consols and rentes re flects un improvement in views. Liverpool wits strong at the opening of our markets, but weakened consid erably in the last hour. Sales continue large. Totab 10.0(H) bales to-day. nt 12 points higher quotations. After the rather extensile covering of yesterday, <mr 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 are still to the effect that the general -hurt 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 easiness on bearish mill takings but there is no great desire to sell. Whether develop ments over Sunday and prospects of im proving politics hold action in suspense 1913. 1911 Weekly Interior movement: Made $20,000 Richer By Word ‘Peachtree’ — . Atlanta Postmaster Says He Used Fine Judgment in Choosing Magic Name for Farm. Consuls reported 1-16(1 better French rentes 3214(1 higher. * * * Liverpool cables: American forward. 74.000 bales; total. 89,175 bales. Ameri can decrease. 15,310 bales.” « • * leading New York opinions still fa vor reaction. • • * The New Orleans Times-Democrat says: “The cotton market swung from intensely bearish 10 intensely bullish, and at the close yesterday outspoken low price men were hard to find. As a matter of fact, the talent was predicting 13c for July, whereas at the close Tues day the taient talked freely of the pros pect of Pc on the blackboards before very long Bears said the shade of a once mighty manipulator has crossed the path of the market and soared shorts had to run to cover. Bulls said loo many com plaints of damage done by cold weather and of the necessity for replanting were coming in and the position of the short hod becortie 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 thal the presence of low-grade cotton in# the New York stock will not prevent the taking up and shipping of col ton 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 receipt* for Saturday. 1913. 1912. New Orleans 2,000 to 2,600 1*381 Galveston 2,500 to 3,600 2,752 MILL TAKINGS FOR WEEK 229,000 BALES The visible supply of American cotton during the past week shows another large decrease of 187.206 bales, as com pared with a decrease of 211,837 bales for the corresponding week last yeur, against a decrease of 170.640 bales for the same week the year before. Other kinds during the past week show a de- creare of 45,000 hales, compared with a decrease of 25,000 bales last year and an Increase of 8,000 bale* for the same week in 1911 The total visible supply of American cot ten for the week shows a decrease of 182,206 bales, against a decrease of 236.- 827 bales for the same week last year and a decrease of 162.640 hales for the corresponding week In 1911. World’s visible supply: 1913 1912. 19 11 an 3,164,8 2 3 7 13 2,336,724 Other kinds 1.463.COOT,195.000T.185.000 Total all kinds. 4.617.80? 4.928.997 3.521,724 World's spinners’ takings: I 1913. 1912. | 1911 __ For week . . 229.006'! 33-1.000 2377000 Since Sep, lj 11,121,000-12,180.000 9,680.000 Movement Into sight for week: 1912 Overl'd w'k. 12.189 18,1 10 7.!'87 Since Sep 1 1,128.559' 861.958 Sighi week 92.089 184.836 69.128 Since Sep. t 12.934.563! 15,064.498 1 1,230,701 So conmim. 35,0001 41. 000 38.009 1913. ’ 1912. 1911. Receipts Shipments Stocks W*eekly exports: Since September 1 . For week .... Quotations in cotton futures: 111 | 5 |l 1 *1 i Li u 12 10 11.11 ill 01 11.08*12 01-05 1?T2 . . 11.92-94111.02-04 11.92 IL'ICH.84 11.85TL84-86 il.95-98 11.51! 11.55ill.42T 1.44 11.44-46 11.55-57 ! Ml.15-17111.27-29 11.11 11.16 11.03 11.05 11.04-05 11.13-14 11.04-05 1U1 11.15 11.02 11.03 11.03-04 1 1 13-M 'll.14 11.15T1.U5T1.07 11.07-08 11 16-18 1 HI .05-07 11 14-3 G * ; i T1.0J) H1.19 No Decided Commitments Likely Until More Positive News Comes From Abroad. By CHARLES W. STORM. NEW YORK. May 2.—Illinois Central was the feature of a mixed list at ihe opening of the. stock market today, be ginning at 114ft for a gain of 1%. This resulted from bullish dividend talk in the Ktreet. Among Ihe declines were Canadian Pacific ft to ft, St Paul ft to ft, Mgh Valley ft, Missouri Pacific ft, Northern Pacific %, Reading -'4. Union Pacific ft. The advances Included Amalgamated Copper ft. American Can ft. Cheeapeek* and Ohio ft. United khetes Steel common 14, Southern Pacific ft to ft_, New York, New Haven and Hartford ft. Now York Central ft and Mexican Petroleum *4. The curb market was dull. Americans in London were well sup ported. Canadian Pacific in London shaded from its best price. There was a marked Improvement In the market during the forenoon. At 105ft New York, New Haven and Hart ford was up *4. Copper, t’nion Pacific, Steel and Chesapeake and Ohio were up ft. Illinois Central advanced 1ft to lJ4ft. Canadian Pacific lost 1% to 235VL The torse in the late forenoon was firm. Call money loaned at 2ft. The market closed steady. Govern ments unchanged; other bonds firm. Today's New York Stock Market Below are given the highest, lowest and iast prices of stocks to-dav, together with the pre vious close: Postmaster Hugh McKee says he has added $20,000 to his personal wealth by means of one word. “Peach tree" is the word. Captain George S. Lowndes made the suggestion which enriched Mr. McKee. “I have decided to call rnv farm, an 80-acre plpt out on Peachtree Road, by the on- and only magic name— Peachtree Hereafter it is Peachtree farm. And if I want to sell it I v. ill 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 to Peachtree Place, Peachtree Road, Peachtree Cir cle. Peachtree Heights, Peachtree Park, Peachtree Avenue and a dozen others of the Peachtree variety. Ev erybody is uelng the name for every thing." Battle Celebration Committees Named Fiftieth Anniversary of Conflict at Atlanta Will Be Observed Here July 22, 1914. 83.602 54.0441 25.257 70.212 84,517j 70.368 440«5871306,4\>2|296.311 1 1913. | 1912. .<7,656. STiWj5 5,298 169,565 9,765,298 ; STOCK— High. Low. Last Sale. Prev. Close. Amal. Copper. 74 7^8 721, 73% Am. Ice Sec.. »!i 23>/c 24'/* 23% Am. Sufl- Ref. 111 111 111 111'/a 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'/ 2 44' '2 441/* 44 ] Am. Woolen.. 20 ! Anaconda . . 3?H 37 37 37'/. | Atchison .... 99'/, 99 #9</8 99 A. C. U 120'/2 120*2-2 120/* 121 American Can 33! 2 12 i a 32** 32/8 do, pref. . . 923 i 92 H 92'/* 92 Am. T.-T 129 128'/ 2 12S t r 128'/* Am. Aqricul... 50 Beth. Steel . 33 33 33 33 B. R. T 89 U 89 89' , 887, B. and O 98! 2 983, S8 3 * 98' 4 Can. Pacific.. 24078 238'/, 239' 2 2404, Corn Products 104, 10J 8 104g 10% C. and O. 66>/b M 64 64% Consol. Gr.s... 12#*/a 129'/j 129i/ 2 129 Cen. Leather. 23=,i 23'/, 23'* 23/* Colo. F. and 1. 31'/, 31'/* 31' , 32 Colo. Southern 281,* D. and H 155 Den. and R. G 19 Distil. Secui\. 15' a 15<4 15'/ 4 - 15*8 Erie 2» 5 » 28'4 28‘ 4 27% do, prsf. . . #/» 42V 8 44 43'/a Gen. Electric. 133'/4 13#'/* 139', 4 138 Goldfield Cor.s. 1% G. Western.. 14', 4 14' * 14'/* 14'/, G. North, pfd. 126’h 1267a 126*8 126/* G. North. Ore. 32 32 32 32 Int. Harvester 101' ' 2 101'/, 101 '/ a 108 Illinois Central 114'/„ 112'/, 112/2 113'/ a Interboro .... 14 7 a 14'A 14' * 14/* do, pref. 61 51'/, 51'/* 51 Iowa Central. 7 K. C. Southern 23 23 23 23/* K. and T 23' 2 23'/* 23/* 22'/* Lehigh Valley 155'/ 6 154 154 154*4 L. and N . . . . 131'/* 131 131 130'/ 2 Missouri Pac. 35 34 a 35 34'/* N. Y. Cen. . . . 1017-8 101'/2 101‘ 2 101'/a Northwestern 131 131 131 130 NatM Lead. 49 N. and W. . 105' e 106' 8 K»Zb 105 North, Pac... 114 „ 114 114 114/4 O. and W . 30 2#</ 2 29'/ 2 29i/ 2 Pennsylvania 114 > 4 1141, 114% 114'/4 Paclfio Mall.. 22 *P. Gas Co.. . 109% Reading 161' 2 160’/g 160^ 160 7 b Rock Island.. 18'» 19 19%. 18*4 do. pfd.... 31'/ 2 31»/ 4 31 •/, 31'/* R, I. and S. 23 23 23 22', * do. pfd 52 C2 82 82% Sloss-Sheff. 30 South. Pac. . SS" 4 97'/* 97'* 975ft Southern Rwy 24'4 24?, 24^8 24/* do. pfd 76 76 76 76' 4 St. Paul .... 107''a 106 J -8 107'/* 108ft Tenn. Copper 35 34', 2 34*/ 34% Texas Pacific 15' , Third Avenue 54 34 34 34' * Union Pacific 1497 a 148% 143% 149' , U. S. Rubber 64 63 63' a 62' Utah Copper. 51 50?a 50% 50 U. S. Steel GO'a 60'/, 60» 4 60ft do. pfd 107 3 4 107% 107-’ 4 107/2 Va.-Car. Chm. 33 29' • 29% 32'/* West. Union. . 65' ' 2 65/- 65' o 65' 4 Wabash 3 3 3 3 do. pfd. . 9% West. Elec.. . 61~8 61^4 61% 61'/a Wlscon. Cen.. 51% Western Md.. 39 President Moore, of the 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 w’ore made from the local G. A. R. Post, the Confederate Veter ans’ organizatibns. County Commis sion, Fulton County Representatives in 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. 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 w ill confer Tues day at 3:30 p. m. To Deliver Address Dr. McKelway Barred .. - * Speech on Creeds by Dr. Poteat Will 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 here last week will be deliv ered at the Baptist Tabernacle next Sunday evening. The subject of the addrwas 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.” GOVERNOR AT ASHEVILLE TO WATCH CAR STRIKE ASHEVILLE, N. C„ May 2.—Gov ernor Locke Craig. Adjutant General Lawrence K. Young and Charloe 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 lias been no serious vio lence so far, talk of martial'law for Asheville is current. Thl? Is Govemot Craig’s home city. STRIKE THREATENED BY 100,000 RAILWAY MEN NEW YORK, May 2.—A strike vote may soon be cast by the 100,000 train men and conductors employed on the 54 Eastern railroads as the result of the refusal to-day of the railway managers to submit the 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. $8.25(^8.60; good heavy, $8.36<g> 8.50; rough heavy, $8.10(S 8.30; light, $8.30Cq 8.70; pigs, $6.75^8.30; bulk, *8.40 ©8.60. Cattle Receipts 500. Market steady. Beeves, $7.10© 8.75; cows and heifers, $3.35© 8.40: stockers and feeders, $6.15(3 8.75; Texans, $6.60@8.00; calves, $7.00S 9.00. Sheep—Receipts 6,000. Market steady. Native and Western, $o.25(&6.60; lambs. $6. loth 8.85. BAR SILVER. NEW YORK, May 2.-Commercial bar silver t'0 l «c. Mexican dollars 48c. IjONDON, May 2.—Bar ailver steady at 27 11 16d. Closed firm. COTTONSEED OIL • ( Opening 1 Spot May 1 June ' July AugtJtet September ... October November . . . . 1 Crude Southeast Crude valley . Texas crude Closing 6.85ft 7.00" • 87 i 6 88 6.90 ft 6.94 6.96 ft 0.97 7 01 7 OS 7.01ft 7.03 6.70ft 6.72 6 44ft 6.46 5.87 6.04 74 ft 6.80 "Clo«& heavy; sales 19,100 barrels. - 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 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 to-night and Saturday. Alabama and Mississippi—Fair to night and probably Saturday. Tennessee and Kentucky Fair to- mght and Saturday: continued warm. COTTON MARKET OPINIONS. lxigan A Bryan; We feel the present technical po»itlon suggests caution in making short commitments. Hayden. Stone & Co.: Sentiment is very bearish and cotton will be for sale on favorable reactions. Thompson, Towle & Co.; Would not *ell short except on some definite ad vance. \*or<>n & Go.: We would not be sur- pt 's.-ti to sf'** a further advance. Miller A- Go.: \\’e believe the present advance simply offers a better selling basis. MONTHLY CROP MOVEMENT. Gotton brought into sight during the month of April totaled ? 53,037 bales, compared vhh 763.881 bales for the same month last year and 317,067 l>ales for the ci rresponding month the year before. Crop into sight on April 30 aggre gated 2.919,702 bales, against 15.tt88.085 bales last year and ll.231.66tt bales in 1911. Total sales 240.000 shares. ♦Ex-dividend 1 ? 4 per cent. SPOT COTTON MARKET. Atlanta, nominal: middling 11%. Athene, steady; middling 12c. Macon, steady; middling 12c. New Orleans, steady; middling 1U 4 . New .York, quiet; middling 11.55. Philadelphia, quiet; middling 11.96. Boston, quiet: middling 11.85. Liverpool, firm; middling 6.7ld. Savannah, steady; middling 12c. Norfolk, steady; middling 12< Augusta, steady: middling I20. Mobile, nominal; middling 11V Galveston, steady, middling 12V Charleston, quiet; middling 11V Wilmington, nominal Little Rock, dull; middling 11%. Baltimore, nominal: middling 12c Memphis, quiet; middling W St. Louis, quiet: middling 12V Houston, steady; middling 1: *. Louisville, firm; middling 12H- Greenville, quiet; middling 11V Charlotte, steady; middling 12c NEW YORK COFFCE MARKET. Coffee quotations: 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. WHEAT IS LOWER WITH LIVERPOOL Sharp Loss in English Market and Promising Crop News Cause of Declines. ST. LOUIS CASH QUOTATIONS. Wheat—No. 2 red Corn No. 2 Oats—No. 2 109 35 CHICAGO, May 2. Whqat was lower this morning on the sharp lose at Liverpool, coupled with the larger offer ings In the pit and the general belief that the government May cron 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 wus c lower In sympathy with the weakness in wheat, coupled with the fine weather for farmwork. Oats were weak and V*($Vic 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 W'hich the bears expected to reap a profit, was covered at losses late to-day. There were net gains of %ft ^ from the lowest levels, but the losses for the day w’ere V*®%c. It was a market that was chock full of manipulative movements on the part of the bulls, but there were nfl flurries of consequence. The cadh situation failed to cut any figure, al though sales here were 100,000 bushels to the interior millers, l*it the export bids were generally out of line. Corn was unchanged to He lower to 4c higher. Cash sales of corn were 146,000 bushels and of oats 175,000 bush els. Oats were J Ac lower to higher. Hog products were 10@15o lower. CHICAGO GRAIN MARKET. Hiti:. Low. Close. Close- WHEAT— May.... 91ft 90 ft 91 92ft July.... 91ft 90 ft 91ft 92 ft Sept.... 91ft DO*? 91 ft 92 ft CORN— May.... 55ft 54 ft 65 55% July.... 56 55 ft 66 66% Sept.... 56ft 56 ft 66 ft 56% OATS— May.... 35ft 55 ft * 35ft 34% 35ft July. ... 35 34 ft 35 Sept.... 36 ft 31ft 34 ft 35 PORK— May.... 19.70 19.60 19.60 19.47ft July.... 19.66 19.47* 2 19.50 19.60 Sept.. . . 19.42ft 19.26 19.30 19.40 LARD— May.... 10.95 10.87ft 10.87 ft 10.92ft July.... 10.85 10.72ft 10.75 10.82ft Sept. ... 10.85 10.75 10.77 ft 10.85 RIBS— May... . 11.50 11.47ft 11.47ft 11.25 •July.... 11.05 10.95 10.97ft 10.00 Sept.... 10.87ft 10.77ft 10.77ft 10.85 CHICAGO CASH QUOTATIONS. CHICAGO, May 2.—IVheat. No. 2 red. 1.02ft 1.05; No. $ red. 96ft 1.01; No. 2 hard winter. 92ft 93; No. 3 hard winter, 90#92: No. 1 Northern spring, 02ft93; No. 2 Northern spring. 91; No. 3 spring, 90 ft 91. Corn No. 2, 56«<757 l 4; No. 2 white, 58V ©59: No. 3 yellow. 66i':<£66%; No. 3, 55ft 57H; No. 3 yellow , 5&Hft56; No. 4, 54V, ft 56H: No- 4 white. 66ft 57; No. 4 yellow, 54 Vi ft 56 V Oats. No. 2 white. 36V; No. 3 white, 35ft 35V*. No. 4 white. 33V4ft35; stand ard, 36V4 ft 36^. LIVERPOOL GRAIN MARKET. LIVERPOOL. May 2.—Wheat opened %(U%d lower; at 1:30 p. m. the market was 3 *ftld lower; closed d lower. Corn opened unchanged; at 1:30 p. m. the market was V4ftV4d lower; closed Vi ft lower. CHICAGO CAR LOTS. Following are the receipts for Friday and estimated for Saturday: Wheat . Cotn . . Oats . . Hogs . . I Friday. 1 Saturday. 5*4 180 130 17,000 34 204 160 11,000 PRIMARY MOVEMENT. WHEAT— Receipts . ! . Shipments . . i 1913. | 1913. ■T 587.000 I ’ 333.000" .; 1,140.000 1 591,000 OORN- Receipts . Shipments . i 540,000 . j 369,000 687,000 428,000 GRAIN CLEARANCES. Following are the weekly grain clear- Whcat, 516,000 bushels. (Torn, 155,000 bushels. Wheat and flour equaled 606,000 bush els. OPINION ON GRAIN. CHICAGO, May 2.—Bartlett, Frazier & Co.: Wheat—The market will prob ably be lower to-day in sympathy wijh the weakness abroad, but we continue 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. ATLANTA MARKETS EGGS—Fresh country, candled, 15© 16c. BUTTER—Jersey and creamery, In i-ib. blocks. 27VfeftoOc, fresh country, fair demand, 17V£ft23VaC. DRESSED POULTRY—Drawn, Head and feet on, per pound: Hens, G5ft55c; fries, 22Vfcft-5c; roosters. Avq iU; turkeys owing to fatness, 20ft22V4c. LIVE POULTRY—Hens, 50ft 53c; roosters 25ft30c, fries 35ft40c, broilers 30ft35c, puddle oucks 30ft35c, Pekins 35ft40c, geese 60ft69c each, turkeys, ow ing to tat ness, la ft 20c FRUITS AND PRODUCE. FRUITS AND VEGETABLE?—Lem ons fancy $6.00 grapefruit $2.70ft 3.00, cauliflower 10(ft 12Vic lb., bananas, 3c per pound, cabbage Jlftl.10 crate, peanuts per pound, fancy Virginia, 6V?©7c, choice 6V4ft6c, lettuce fancy $2.50ft.300, beets $1.00(rt 1.25 In half-barrel crates, cucumbers $2.25ft 2.50. Egg plants (scaiee) $2.26ft 2.7o per crate, pepper (2.50ft 2.*5 per crate, to matoes fancy, six-basket crater $2.25ft) 2.75, pineapples $2.50ft2.75 per crate, onions 60ft 65c per bushel, sweet pota toes, pumpkin yam 65(ft70c. strawber ries lOftlC^c per kuarl, fancy Florida celery 82.50(ft3.00 per crute, okra, fan cy 6-basket crates $3ft3.00. FISH. FXJH-Bream and perch, <c pound; snapper, 10c pound; trout, ivc pound; bluefish, 7c pound; poniDano. 20c pound; mackerel, 7c pound; mixed fish 5ft6c pound; black bass, 10c pound; mullet, $12 per barred. FLOUR AND GRAIN. FLOUR—Postell’s Elegant $7.75, Omega $7.50, Carter’s Best $7.75, Qual ity (finest patent) $6.06; Gloria (seJf- rising) $6.50, Results (self-rising). $6.25 - Swans Dow'ii (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) $5.85, Puritan thigiieL.t pat ent) $5.85, Paragon (highest patent) $6.86, Sunrise (half patent) $5.25, White Cloud (highest patent) $5.60. White Daisy (high patent) $5.60, White Lily (high patent) $5.50, Diadem (fancy high patent) $5.75, Water Lily (patent) $5.16. Sunbeam $6.25, Southern Star (patent) $5.26, Ocean Spray (patent) $5.2d, Tulip (straight) $4.15, King Cotton (half pat ent) $5, low grade 98-pound sacks $4. GROCERS. SUGAR—Per pound: Standard granu lated 6c. New York refined 4Vic, plan tation 4.86c. COFFEE — Roasted (Arbuckle’s) $24.60, AAAA, $14.50 in bulk; In bags and barrels, $21; green 20c. RICE—Head 4V»(ft&V£c. fancy head ftOVic, according to grade. LARD—Silver leaf 13c pound, Scoco c pound. Flake White 8V8<t pound. Cottolene $7.20 per case. 8nowdrift $6.85 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; 60-Ib. sacks, 30c; 25-lb. sacks 12c. MISCELLANEOUS — Georgia cane syrup 37c, axle grease $17i5. soda crackers 7V4c pound, lemon crackers 8c, oyster 7c, tomatoes (2 pounds) $1.65 case, (3 pounds) $2.25. navy beans, $3.25; Lima beans 7Vsc, 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 83c. MEAL—Plain 144-pound sacks 85o, 96- pound sacks 79c. 48-pound sack^ 85c, 24-pound sacks 83c. 12-pound sacks 80c. OATS—Fanck white clipped 54c, No. 2 clipped 53c. fancy white 52c, mixed 51c. GO’TON SEED MEAL—Harper $28.50, Cremo feed. $26.00. COTTON SEED HULLS — Square sacks $15.50. SEEDS—(Sacked): Wheat, Tennessee choice Burx 70c, rustproof 60c, Okla- blue stem $1.60, German millet $1.65. amber cane seed $1, carte seed, orange |1. rye (Tennessee) $1.23, r«=d top cane seed $1.35, rye (Georgia) $1.35, blue seed oats 50c, barley $1.2». HAY—Per hundredweight: Timothy, choice, large bales. $1.30. No. 1 email bales. $1.25, No. 2 small, $1.15; Timothy No. i, clover mixed, large bales $1.25, silver clover mixed hay $1.15, Timothy No. 1. clover mixed, 81.16; clover hay, $1.10. alfalfa hay, choice green $1.30, No. 1 $1.20. wheat straw 70c. Bermuda hay 90c. PROVISION MARKET. (Corrected by White Provision Co.) Cornfield hams. 10 to 12 pounds aver age. 19c. Cornfield hams. 12 to 11 pounds aver age. 18-% c. Cornfield skinned hams. 16 to 1$ pounds, average 19VsC. 2 Cornfield pickled pig’s feet, 15-pound kits. $1.25 Cornfield Jellied meat In 10-pound dinner pail, 1234c. Cornfield picnic hams. 6 to 8 pounds average, 13 Vic. Cornfield breakfast bacon 2414c. Grocer style bacon (wide or narrow), 18 ’£ c - Cornfield fresh pork sausage (link or bulk) 25-pound buckets, 12V£c. Cornfield frankfurters, 10-pound box es. 12c. Cornfield bologna sausage, 25-pound boxes, 10c. Cornfield luncheon hams. 25-pound box£4. ISVfec. Cornfield smoked link sausage. 25- pound boxes, 13V£c. Cornfield smoked link sausage, 26- pouud boxes. 10c. Cornfield smoked link sausage in pickle, 50-pound boxes, $5.00. Cornfield pure lard, tierce basis. 12%c. Country style pure lard, 60-pound tins, 121*0. Compound lard (tierce basis), 8?4c. D. S. extra ribs. 12%c. D. 8. rib bellies, medium average, 1314 D. S. bellies, light average. 13V£c. FEEDSTUFFS. SHORTS—White, 100-lb sacks 81.71 Holliday, white, 100-lb. sacks $l.7t , 1 Conditions Shaky In Wool Market Many Mills Will Close Down Until Tariff Changes Are Made—Sales and Values Off. Totals 58,258,946 87,099,3(V.: Today Is the Day The Market Basket, with Us 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. f BOSTON. May 2.—Sales of wool have dropped again, with the small business done largely at the expense of values, owing to conflicting re ports from Washington regarding the tariff. The trade is nervous. Dealers and manufacturers are likely to pro ceed cautiously until the bill lias passed. Recent sales have reduced to a con siderable extent burdehsome 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 ir. pounds from and including January 1, 1913, as compared with the corresponding period of 1912 were as follows: 1918. 1912. Domestic .... 23,614,041 36,812,765 Foreign 35,644,905 50,286,637 dandy middling 100-lb. sacks $1.76, fan cy, 75-lb. sacks $1.75. P. W., 75-lb. sacks $1.60, brown, 100-lb. sacks $1.55. Georgia feed. 75-lb. sackR $1.55, clover leaf. 75- lb. sacks $1.00, bran, 75-lb. sacks $1.30, 100-lb. **acks $1.30, 60-lb. sacks $1.30, Homeoline $1.60, Germ meal-Homeo $1.60. CHICKEN FEED—Beef scrap, 100-lb. sacks $3.25. 50-lb. sacks $1.65, Purir.a pigeon teed $2.15, Purina baby chick feed $2, Purina scratch, 100-lb. sacks $1 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, 60-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. sack3. per 100 pounds >2 GROUND FEED—Purina feed. 175-Ib sacks $1.65, 100-lb. sacks $1.65, Purinr. molasses feed $1.55, Arab horse feed $1.70, Alineeda feed $1.65, Suerene dairy feed $1.50. Monogram, 100-lb. sacks $1 60, Vlctorv horsefeed, 10-lb. sacks $1.65; A. B. t. feed $1.55. milk dairy feed $1.65, alfalfa molasses meal $1.75, alfalfa meal $1.40, beet, pulp, 100-lb. sacks $1.55, homa rustproof 50c. ATLANTA LIVE STOCK MARKET. (By W. H. White, Jr. f of the White Pro- vision Company.) Quotations based on actual purchases during the current week: Choice to good steers, 1,000 to 1,200. $6.00ftG.50; good steers, 800 to 1,000, 6.50 ft 6.00; medium to good steers, 700 to 850, 5.26ft5.75; medium to good cows, 700 to 800. 4.5005.00; good to choice beef cows. 800 to 900, 5.00ft 5.75; medium to good heifers, 650 to 750, $4.25ft'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. 5.00ft 5.75; medium to common cows. If fat. 700 to 800. 4.50ft5.50;mixed com mon, 600 to 800. 3.25@4.25; good butcher bulls. 3.50ft4.50. Prime hogs. 160 to 200 average. 8.90@» 9.25; good butcher hogs, 140 to 160, 8.75 c y.00; good butcher pigs. 100 to 140. tF.ftg.To; light pigs, 80 to 100. 8.00® 8.50: heavy rough hogs, 200 to 250, 8.25 ft 8.75. Above quotations apply to corn-fed hogs, mash and peanut-fattened nogs, 1 to 114c under. *« / ? ♦ REGULAR DIVIDEND DECLARED. NEW YORK. May 2.—The American Steel Foundries declared the regular quarterly dividend of one-half of 1 per cent. , Opening. \ Closing. January. . . . . 11.25/11 ’.30 ll.30to 11.32 February. • . . . 11.-8fi.11.S0lIl.81 fa 11.33 March. . . . . .11.32 ll.S3fi1l 34 April. . . . . .n.jora: 1.3S 11.33 ft 11.34 May . .no.nr. 10.99<ij it 01 June .... . . 11.00 11.04ft 11.06 July .... . .11.07 u.o: ft'U.11 August . . 11.12 11.19ft 11.20 September. . 11.26 11.29 ft 11.30 October. . 11.27«j Il.30ni.29tm.30> November. . 11.276} 11.80111.29611.38 December. . . . .-11.37 11.29 ft. 11.SO Closed steady. TO-DAY’S PORT RECEIPTS. The following table shows receipts at the ports to-day compared with the •ame day last year: 1913. 1912. N'ev Orleans 1.510 niffs Galveston 1.531 1,306 Mobile 397 167 Savannah 1,819 2,581 Charleston 612 710 IN ilmington 71 8* Norfolk 360 1.463 Baltimore 122 New York 110 Boston 1 372 Philadelphia 361 Brunswick 1,587 1,181 Various 22 Total 8.049 9,614 INTERIOR MOVEMENT. 1918. 1912. Houston 1.997 890 Augusta 315 476 Memphis 1,034 1,661 St. Louis 1.766 1.259 Cincinnati 13S Little Rock 432 Tmal 5.112 4,716 FREE THEATER TICKETS S U and The Atlanta Georgian SECOND COUPON TO-DAY Coupon No. 2 of the Free Theater Ticket Series will be found on Page 1 of to-day’s Georgian. The remaining coupons of the serias will appear in The Georgian to-morrow and in Ilearst’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