Newspaper Page Text
11
THE ATLANTA GEORGIAN AND NEWS.WEDNESDAY, MAY 7, 1910.
NEW ISSUES,
T
Investors Refuse to Supply the
Needed Capital Upon Terms
That Companies Can Pay.
APRIL OUTPUT OF
NEW SECURITIES
Bonds
Notes
Stocks
RAILROADS.
Change
1913. from 1912.
338.750,000—$19,330,000
39,500,000* 13,060,000
45.400.000* 14,055,000
Total
. $123,650,000* $ 7,785.000
INDUSTRIAL CORPORATIONS.
Bonds
Notes
Stocks
Change
1913. from 1912.
$18.732.000—$67,168,000
1.000.000— 5.000.000
. . . . 21,095.000* 10.595.000
Total
$40.827,000—$61,573.000
Gr. tot. $164.477,000—$53,788,000
*—Indicates increase.
By B. C. FORBES.
Sin2^ January 1 the output of
bonds, notes and stocks by railroad
and Industrial corporations in the
1'nited States has aggregated $643.-
773,000. This total is no less than
$383,780,000 below 1912, due, not to
lighter needs, but to the refusal of
investors to supply capital on reason
able terms
The April offerings totalled $164,-
4 77,000, a decrease of $,)3,788,i)00
from a year ago.
A special compilation for the Hearst
newspapers shows a decrease in each
of the first four months of 1913. The
comparative figures follow:
January $193,105 000 $142,895,000
February . 132,362,000 185,476,000
March 148,829,000 1,621,000
i April 164,477,000 53,788,000
$643,773,000 $383,780,000
Notes Instead of Bonds.
So bad has the bond market be
come, that even the strongest cor
porations are afraid to risk making
offerings. J. P. Morgan & Co.’s
* postponement of the huge lnterbor-
ough dotation is significant.
A3 an alternative to trying to foist
bonds upon an unresponsive market,
several companies have res*orted to
short-term notes, a convenient but
expensive makeshift. New York Cen
tra’ put out $20,000,000 and Missouri,
Kansas and Texas $19,000,000 notes
last month with more success than
would have attended bond offerings.
The astonishing failure of the St.
Haul 4 1-2 per cent issue was the last
straw that broke the back of the bond
market.
The next test will come oij May
20. when New York City will sell $45,-
000,000 4 1-2 per cent bonds. It is
just possible that this issue will be
signal a success as the St. Paul
•oan was a failure. That the turn
is near in the bond market is an
opinion gaining favor in high financial
circles.
Higher Rates Will Help.
Now that the bond presses have
flopped running at full speed, the law
of supply and demand should come
to the rescue.
Moreover, the granting of the;
Kastern railroads* application for (f>
per cent) higher freight rates would
have immediate and marked effect in
restoring confidence in railroad set-u-
r'rtles. Not a few r railroad bonds are
now at panic prices, while stocks in
several prominent instances arc at
the lowest levels in recent years. The
costly flood- 1 and the adoption of high
er wage scales have aggravated the
' situation.
European underwriters have suf-
' fered disappointment after disappoint
ment. Very few issues have been
subscribed for to the extent of 50
per cent, while in some cases only
from 10 to 2o per cent has been sold.
Hopes of lower bank rates* abroad
have again been blasted, and it is
extremely doubtful if either the Bgnk
of England or the Imperial Bank of
% Germany will lower its minimum dis
count charge this month, notwith
standing widespread expectation of
favorable action forthwith.
Bank Returns Disquieting.
Our own bank position is disquiet
ing. The latest return covering our
7.400 national banks reveals confirmed
expansion of credit simultaneously
with ivirinkage in cash resources
Loans are increasing $1,000,000 daily
and cash falling $750,000 every clay
bank doors are opened. New York
Institutions have not participated in
this dangerous movement, but coun
try hanks will not listen to warnings.
Nothing but a sharp recession in
general trade can avert monetary
troubles v/hen the crop-moving de
mands set in—relief in the form of
currency legislation is not now pos
sible. last night’s dispatches from
Washington declared. However,
everything: points to a let-up in com
mercial activity, and, a** to corollary,
lighter demands for accommodation.
Quieter trade will also react favor
ably upon the best grade of invest
ments.
THE WEATHER.
Conditions.
WASHINGTON. May 7 —The weather 1
will be fair to-night and Thursday in ’
rhe region east of the Mississippi River.
Temperatures will he considerably
lower to-night in the Atlantic and East
Gulf States, and it will remain low in
*he great central valleys and the Lake
region.
f Frosts are probable to-night in the
rep:on of the Great Lakes, the upi*e r
Ohio Valley, New England and New
? >rk.
General forecast until 7 p. m. Thurs
day:
Georgia—Generally fair to-nigh* and,
%’hursday; somewhat lower temperature
NEW YORK* May 7. — Prices made u
quick upturn ut the opening of the cot
ton market to-day and first quotations
I were 3 to 8 points above Tuesday’s
closing prices. Tables were strong.
Old and new crop positions shared about
equally in the rise. After the call the
market continued steady on heavy buy
ing, based on rain in the Eastern belt
and a general bullish report from Cor-
<1111. and a report by Neil, which was
construed as bullish. The advance was
helped along by a Liverpool cable say
ing the continent was buying on good
trade demand.
This buying gave the market addi
tional strength and prices increased
their gains 3 to 6 points from the open
ing level. Later tlie market sold off
about 2 points from the early high level
on reports of rains in Alabama. The
report, however, was not official and
the market again steadied at the high
point.
The weather map contradicts the of
ficial forecast of fair weather and
show s every indirat km for unsettled,
showery weather in the Eastern half of
cautious.
In addition to the unfavorable weather
map, Sterret Tate wired from Columbus,
Ga.. that cotton in parts of North Caro
lina and North Georgia and ail North
bama and Florida is in bad shape.
LIVERPOOL COTTON MARKET.
I f\ KRPOOL. May 7.—Due 1% points
lower on Ma.\ and 3 to 4 points lower
on other positions, this market opened
quiet at a net decline of 3 to 3% points
from Tuesday’s close. At 12:15 p. m.
the market was steady. 2 points decline
on May and 1 to 1% jxdnts lower on
later months.
Spot cotton in good demand at un
changed prices, middling 6.62d; sales,
10,000 bales, including 9,000 American
bales; imports 10.000 bales, of which all
were American.
Port receipts are to-day estimated at
10,000 bales, compared with 28,137 last
week and 6,937 bales for the same time
last year, against 10,191 hales for the
corresponding week the year before.
At the close Hie. market was steady
with prices net unchanged to 2 points
higher than the previous close.
Futures opened quiet.
Opening.
Ramri
May
May-.tune . .
June-.luly . .
July-Aug .
Aug.-Sept . .
Sept.-Oct. .
Oct.-Nov. . .
Nov.-Dec. . .
Dec.-Jan. . .
Jan.-Feb . .
Feb.-Mch. . .
Mch.-April . .
Closed steady .
NEW YORK COTTON
Quotations in cotton futures:
~ I | 2:00 ~Prev.
Open High|Low P.M.! Close.
Bange.
Close
Close
6.36
6.384
6.38*4
6.35
-6.34 '4
6.38
6.38
6.32
-6.33 *4
6.36
6.35*4
6.29
-6.28*4
6.32 4
6.32*4
6.18 '4
-6.21
6.24*4
6.22
6.05*4
-6.07*4
6.10 *4
6.09
5.98*4
-6.01
6.03 y 2
6.02
5.961.4
-5.98
6.01
5.99 Vi
5.95
-5.97
5.9 9'4
5.98
5.95
-5.94
6 00
5.98
5.97!-.
6.00
5.99
5.98*4
6.01 '4
6.00
May .
;ti.
37
111.
42
ll’.
37j
ll"
?42
11
34-
■35
June .
11
.36
July .
. . i i
. i
tii
11
. 43 1
. 52:
ill.
.39-
■40
Aug.
.11.
24;
li.
32
11 .
26
11
.30
11
19-
■20
Sept. .
10
95-
■97
Oct.
.' io!
94
i i 1
04
io!
94
ii
.021
110.
.88-
■89
Dec. .
. .10.
97:
11.
06
JO.
95
11
.041
10
.90-
■91
Jan.
. . 10.
94
n.
03
j10.
93
ll
.00
10.
,86-
■87
Met). .
. .lu.
03
ii.
10
ii.
03,
11
.07
10.
.95-
■97
NEW ORLEANS COTTON.
Quotations in cotton futures:
I I ’1
'Open High Low|P
230
M.
Prev.
Close.
M a y
. .112.
07
12
09|
12
.07:12.
.09
112
.02-
•03
June
11
.88-
-8''
July .
. . i i.
90
ii
.96
i i
.SK 11.
.94
1 !
.84-
-85
Aug.
ii
50
n
. 56
11
.50,11
. 56
111
.42-
-45
Sept.
11
.08-
-09
Oct.
.n
o«
i i
. i 3
ii
.04 1 1
. io
10
.98-
-99
Nov. .
,10
.98
Dec.
. . i i.
.04
i i.
.12i
i i
.03 1 1
. id
10
.96-
-97
Jan.
. .in.
15'
11
15
n
.1511
.15
11.
.00-
-01
PRIMARY MOVEMENT.
WHl'lAT—
1
1913. |
1912.
Receipts . . .
Shipments . .
| 703.000
I 1,429,000
.355,000
452.000
CORN— | |
Receipts . . .
Shipments . .
528,000
358.000
808,000
.394,000
COTTON MARKET OPINIONS.
Norman. Mayer & Co.: Sales on every
bulge are preferable.
Miller & Co.: As long as conditions
continue so favorable, look for lower
prices.
Atwood, Violett & Co.: We would sell
on all good rallies.
Logan A- Bryan: It looks as if sales
can be made on all advances under ex
isting conditions.
Norden & Co.: We think weak spots
^should be taken advantage of for con
servative buying of the fall positions.
Thompson. Towle & Co.: Prefer cau
tious operations on the long side
LIVE STOCK MARKET.
CHICAGO, May 7.— Hogs Receipts
20,000. Market 5c lower. Mixed and
butchers $8.L'Vfa8.50, good heavy $8..’:0fa
8.'5. rough heavy $8.05rd)«.25. light $8.25
fa 8.50. pigs $6.60*18.15. bulk $8.25*18.45.
Cattle- Receipts 20.000. Market 10c to
15c lower. Beeves $7.25@9.10, cows and
heifers $2.50fa 8.40. Stockers and feeders
$6.15fa8.0't. Texans $6.60fa8'.00, calves
$7.00fa 9.00.
Sheep—Receipts 22,000. Market weak.
Native and Western $4.75fa6.45, lambs
$5.75fa8.4*>.
SI’. LOTUS. May 7.—Cattle: Receipts
2,700. including 700 Southern native:
market steady: native beef steers. 5.7ofa'
9.00: cows and heifers. 4.50fa8.75; Stock
ers and feeders. 5.25fa8.00; calves, 6.0l)fa
10.75; Texas steers, 6.2ofa8.50; rows and
heifers. 4.00fa7.00; calves. 5.00(^6.50.
Hogs: Receipt-. 9,500; market 5c
lower. Mixed, 8.35 fa8.50, good. 8.35 fa
8.45; rough. T.75fa8.00: light. MOfaS.oO;
pigs, T.OOfa 8.00; bulk 8.35fa8.50.
Sheep: Receipts. 2,300: inarkei steady;
muttons. 5.00fa 7.25; yearlings, T.OOfaS.OO:
lambs. 7.00@8.55.
ATLANTA LIVE STOCK MARKET.
(By W. H. White, Jr., of the White Pro
vision Company.)
Cattle receipts light. Market steady.
Hogs coming more freely. Market
lower.
Quotations based on actual purchases
during the current week:
Choice to good steers. 1,000 to 1,200.
$6.00fa6.60; good steers. 800 to 1.000, 5.5C
fak.00: medium to good steers, 700 to 850,
f>.25fa5.75; medium to good cows, 700 to
•:<"). 4.50fa5.00; good to choice beef cows,
800 to 900. 5.00faf>.75; medium to good
heifers. 650 to 750. 4.25fa*1.76: good to
choice heifers. 750 to 850, 5.00 @5.75.
The above represent ruling prices of
good quality of beef cattle. Inferior
hups and dairy type selling lower.
Medium to common steers, if fat. 800 t«
•900. 5.00fa5.75; medium to common cows,
if fat. 700 to 800. 4.50fa5.50; mixed com
mon, 600 to 800. 3.25^)4.25; good butcher
mills. 3.50fa4.50.
Prime hogs, 160 to 200 average. 8.65fa
8.85: good butcher hogs. 140 to 160, 8.40fa
8.60; good butcher pigs, 100 to 140 8.00fa
8.25: light pigs, 80 to 100. 7.00fa8.00;
heavy rough bogs. 200 to 250, 7.75fa8.25.
Above quotations apply to coin-fed
hogs, mash a nd peanut-fattened hogs,
1 to me under
Condition of Wheat
Is Best Since 1903
Government Report To-morrow
Should Show Higher Conditions
Than on April 1.
CINCINNATI, OHIO. May 7 Not
since 1903 has there been so brilliant
a prospect for the winter wheat as this
season. The Government report this
week should show as high if not a
higher condition than on the first of
April, and the abandoned acreage will
be at the minimum percentage. Even
a decline of 10 or 15 points to harvest
would place the ylfld above that of last
year.
The gain will be largely in the Central
States, where the red winter variety
was winter killed last year, and a good
crop of this variety will come to mar
ket practically hare and with mill stocks
nil.
Sunday's rains assure good crops in
Texas and Oklahoma.
There is still some uncertainty about
the extent of the spring wheat acreage
ami with the hesitancy in the northern
end of the area, a decrease in acreage
is probable. The Northwestern States
have less reserve moisture than the
winter region and have had barely
enough rains thus far to give wheat a
good headway.
The planting will be about completed
this week over the spring area.
NewHavenMonopoly,
Boston Man Asserts
Interstate Commerce Commission Is
Told There Is No Competition
in New England.
STOCKS
By CHARLES W. STORM.
NEW YORK, May 7. Southern Pa
cific was subjected to concentrated pres
sure at tlie opening of the stock market
to-day, dropping 1Trading in the
first half hour was feverish and the
list was weak. Cnion Pacific was
heavy, yielding *4 to I4t>>_.
Among the other declines were Amul
gamated Popper '*. Baltimore and Ohio
V, Chesapeake and Ohio %. Great
Northern preferred '«. Lehigh \ alley »•
New York, New Haven and Hartford
• H . 1’nited .States Steel common **.
Canadian Pacific advanced 'a* aim
fractional advances were also scored »>>
American Can. Reudlng. Northern Pa
cific and St. Paul
New Haven was one of the weakest
issues on the list.
The curb market was heavy.
Americans In London were in-ego
lar. Canadian Pacific in London was
under pressure
The market showed considerable
strength during the forenoon with gains
of over a point. At 161% Reading ad
vanced a point. Union Pacific was up
t O'bper was up “* Canadian Pa-
tic was up % at 242. Southern Pacific.
Northern Pacific. St Paul anil Can had
fractional gains.
Call money loaned at 2V«.
GRAIN
CHICAGO, May 7. The wheat market
held fairly strong early on the buying by
recognised bulls, which restricted the
, offerings from the professionals. Liver-
• pool was lower. Northwestern and
I Winnipeg receipts exceeded those of a
year ago. and there was a lack of de
mand for the cash article.
Corn was again lower with May liqui
dation tire leading bearish factor.
Oats were unchanged to * K < lower
with corn.
Provisions were 2%c to 7%c lower in
sympathy with lower hoar market.
CHICAGO GRAIN MARKET.
Grain quotations to 1 p.
WASHINGTON. May 7. That ihe
New York. New Haven and Hartford
Railroad has a monopoly of trans
portation facilities in New England
was the declaration to-day of Robert
S. Homans, of the Boston Chamber
of Commerce, in his statement before
the Interstate Commerce Commis
sion.
Homans said the New Haven not
only has had a monopoly in railroads,
but interests in steamship lines run
ning out of Boston which control all
steamers in Long island Sound.
He said the New Haven had illegal
ly acquired a majority of stock from
the Boston and Maine Railroad. Be
fore the acquisition of the Boston and
Maine, he said, competition existed
in New England.
ATLANTA MULE AND
HORSE MARKET
(Corrected by the National Stock Yarda
Cornmlasion Company: C G. Tur
ner, President.)
Mules.
14 to 14% hands, rough, good ages,
$115 10 $130.
14 to i2%. finish with quai.ty, $155 to
$180.
1 to 15 hands, rough, $130 to $170.
15 to 15*4 hands finish, $180 to $205.
16 hands, with quality ana finish, $20c
to $230.
16 hands, heavy chunk, weighing form
1,250 to 1,400 pounds. $255 to $330.
Horses.
Southern chunk horses, from $75 to
$110.
Southern chunk, finish. ?1!0 to $135.
Good driving horses, quality and finish,
rang p.g in price from $160 to $210
Heavy draught horses, rough, $160 to
$210.
Heavy draught horses, finish, $210 to
NEW YORK. May 7.—Mr. Sterrett
Tate wires from Columbus, Ga.: Con
ditions in this section, covering part of
North Carolina, all north Georgia and all
north Alabama and Florida are bad and
going back fast. The early start is all
lost and conditions now are below' norm
al, and steadily falling behind on ac
count of drouth. Early rainy weather
made it impossible to prepare the low
lands properly. Farmers plowed too
early and the land is now so lumpy it
may never be put in shape, as the sun
is baking the land.
I heard complaints al the way down
and saw many people in Atlanta and
talked with a number of people over
long distance phone and the same story
comes from everywhere. Comparatively
little cotton is up and reports every
where complain of very bad. defective
or inferior seed and there is now a
scarcity.
“The warm weather in January Is
said to have caused heating and to
have damaged almost half the stocks of
seed held for planting. The outlook
here is discouraging ami a large crop is
considered impossible in the eastern
belt.
in the late trading yesterday the ring
looked too long and the bears took ad
vantage of the opportunity to hammer
the market and sold it freely. This
selling was based entirely upon the
rumor of rains in the eastern belt. How
ever there was no official report.
Liverpol cables: "American middling
lab-. 7.16d: good middling. 6.28d; mid
dling, 6.62d; low middling. 6.48d; good
ordinary, 6.14d; ordinary, 5.04d."
Dallas wires: "Texas and Oklahoma
clear and pleasant."
Following are 11 a. m. bids: May
L39, July 11.46. August 11.25, October
H 86. January 10.95.
NEW ORLEANS. .May 7.—-Hayward
-lark: The weather map shows fair
over the western half of the belt, cloudy
r. the eastern half, some nice rains in
central states, but none shown by the
map in eastern States. Developments
are very slow with hardly any change in
barometer conditions. Indications still
are for unsettled, showery weather in
ie eastern States and becoming unset
tled alsQ over the northwestern quarter
* * •
Rains are reported at Tuscumbia and
in North Georgia, where they are badly
needed.
* * *
Cordill wires from Troy. Ala.: "From
Memphis to Tupelo. Miss., the soil is
in excellent condition. Planting is about
completed. From Tupelo. Columbus.
Tuscaloosa. Ala., and Montgomery 10
Troy, conditions are irregular. Germi
nation is slow. Some cotton is up to
good stands: some is just coming up.
Some was chopped out between here
and Montgomery. Rains are needed in
this entire section. Unless they get it
soon, much replanting will be necessary.
The weather is partly cloudy arid
warm."
* # *
The New Orleans Times-Democrat
says: "Because the trade is attaching
more importance to the necessity for
replanting over a large section of the
belt, ami because the Government re
ported -deficient moisture in many sec
tions. the rings were Inclined to ad
vance values a little. But the bulls lost
their advantage when French rentes
were reported down 50 decimal points
and when private telegrams reporter!
rain falling in Alabama. The truth of
the matter is the market is on the
threshold of the knowledge. Thus far
Hie talent has had great argument about
It. but nobody has learned anything of
a very definite nature.
"Now, however bull and bear alike
are looking through the doorway. In a
little while the darkness will begin to
lift and with the coming of light they
will all know whether the crop has had
an early, a normal or a late start. They
will also know whether the acreage in
crease Is important or rot. and whether
the replanting made necessary bv lack
of moisture at the psychological mo
ment and continued cold nights has or
ha? coi made a lasting impression on
the yield.
"In the interim, each faction will shy
when the shade of some once adverse
influence crosses the path, or wiil run
when the enemy shows fight."
• * *
Following are 10 a. m. bids: May
12.07. July 11.90. August 11.50. Octo
ber 11.06. January 11.09.
* • *
Estimated receipts for Thursday;
1913. 1912.
New Orleans ... 900 to 1,600 1,135
Galveston 1,000 to 2,000 1.771
CATTLE RUN HEAVY.
CHICAGO, .May 7.—Chicago received
about 5,000 more cattle than killers
needed to-day. breaking prices 15 to 25c.
The country is evidently fearful that
free beef means lower prices for domes
Pc cattle. The bulk of the crop sold
at 7.75 to 8.25. or 50c per hundred-weight
lower than the April high spoi.
Hogs were 5 to 10c lower, owing to
continued heavy receipts in the East.
The bulk sold et 8.39 to 8.45. Shipping
ordje-s wer<» light.
Live mutton held steady on a moder
ate supply.
Today's NewYork
Stock Market
1:30
Prev.
STOCK— High.
Low.
P.M.
Close.
Amal. Copper.
74l 4
73»,
74 >,
73»,a j
Am. Ice Sec..
24=a
Am. Sug. Ref
111
Am. Smelting.
67
66
66 3 4
66' 4
Am. Locomo .
32
Am. Car Fily.
48
Am. Cot. Oil.
42’,,
42 3 4
42 7 b
42' 4
Am. Woolen..
17 3 /4
Anaconda
38' ,
38
38V' 8
37=8
Atchison
993 8
99' 4
99 8
99' 4
A. C. L.
120
American Can
33
313 4
32'/*
32'/4
do. pref.
92 3 s
91 '/*
92%
91 %
Am. Beet Sug.
32
30
30 7 a
30
Am. T.-T. . .
128
128
128
128%
Am. Agricul..
48' 2
B. R. T
89',
89' 4
89 8
88 3 4
B. and O
98' 4
973 4
973 4
98'/ 4
Can. Pacific..
242 3 ,
241 3 ,
241 3 4
2411/4
Corn Products
10‘ 4
10' 4
10'/ 4
10',4
C. and O.
64' 4
63 5 a
63' 4
64
Consol. Gas .
129
Oen. Leather.
22' 2
22' 2
22' 2
22' 2
Colo. F. and 1
31
Colo. Southern
28'
Den. and R. G
191/4
Distil. Secur
15=8
Erie
28 j 4
28V 8
28' 2
28' 4
do. pref.
43
Gen. Electric..
138' 2
137%
138' 2
138'/ 2
Goldfield Cons.
I 7 ,
G. Western.
i4y s
G. North, pfd.
125 7 ,
125' 2
125%
1*634
G. North. Ore.
32' 2
32' 2
32' 2
32'4
Int. Harvester
104
III. Central. .
113
113
113
113
Interboro ....
50
48 J a
50
50
do. pref. ,
50
483/4
50
50
Iowa Central..
7
K. C. Southern
23V 2
K. and T
233 4
2334
23^4
23%
do, pref. . .
59
L. Valley.
1533/4
153 5 8
153%
153', 2
L. and N. . .
131
Mo. Pacific. .
35
34 s a
35
341,2
N. Y. Central.
101' 4
99 |
99 < 4
101
Nat. Lead
48
N. and W. . .
105
No. Pacific . .
114' 4
114
114' 8
113=8
O. and W.' . .
28'/ 2
Penna. . .
112 3 ,
112
112
112'4
Pacific Mail .
22
P. Gas Co.
109' 4
P. Steel Car .
25
Reading. . . .
161 J 8
159*4
161
160' 8
Rock Island
19' 2
19' 2
19 7 8
19%
do. pfd.
32 7 ,
32
32 7 8
33
R. 1. and Steel
233/ 8
23' 4
23' 4
23%
do. pfd.. . .
82
S.-Sheffield.
29
So. Pacific . .
95'4
93' 2
94%
94' 2
So. Railway
24' 4
24'4
24' 4
24', 4
do. pfd.
76' 3
St. Paul . .
1073 4
105' 2
1073 4
106% l
Tenn. Copper.
34>' 2
Texas Pacific.
15'/*
Third Avenue
34
Union Pacific.
148' 4
146' 2
147 5 8
147' a
U. S. Rubber.
63*4
63
633/4
63
Utah Copper.
51
50’j
503 4
U. S. Steel . .
60 4
59' 4
59%
59' 2
do. pfd.
1063-8*
106 3, 8
106’a
106%
V.-C. Chem. .
28
W. Union . .
65
65
65
65
Wabaslv . . .
3
do. pfd.. . .
9 3 a
W. Electric. .
61' 4
61' 4
61' 4
60' 2
W. Maryland.
38'U
BAR SILVER.
P. M
88%
89 %
89
34 %
34%
19.20
19.02*s
10.87'.
10.72'.
10.75
Prev.
< ’lose
89 Q
89 li
89
54' g
35'«
34**
34 v*
19.25
19.07*4
10.85
1 72%
10.’
10.:
11.37Va 1140
10.97*4 10.97 V*
10.75 “ 10.73*4
OPINION ON GRAIN.
CHICAGO, May 7. Bartlett, Frazier
& Co.:
Wheat —Sentiment is still pronounced-
Corn-New buying is rather limited,
hut the country does not show any dis
position to offer 1 freely.
Oats- Values have been affected chief-
provisions— Packers were the best
buyers on declines, the selling coming
chiefly in the way of scattered liquida
tion.
LIVERPOOL GRAIN MARKET.
LIVERPOOL, May 7.—Wheat opened
'•« to *4d lower. At 1:30 p. m. the mar
ket was %d lower; closed *4 to 94d
lower.
Corn opened unchanged to %<1 lower.
At 1:30 j). m. the market was *4 to *4d
DROP IN WHEAT PREDICTED
ON GENERAL PRINCIPLES
CHICAGO, May 7.—Bartlett, Frazier
1 Co.:
"Wheat traders saw nothing last night
‘‘Gossip on corn was rather bearish.
ATLANTA MARKETS
NEW YORK. May 7.—Commercial
bar silver. 60'*c; Mexican dollars, 48c.
LONDON. May 7. — Bar silver steady
at 27 11-16d.
MINING STOCKS.
BOSTON, May 7.—Opening: Boston
Elevated 88, Granby 63. Calumet and
Hecla 45, Greene-Cananea 6%.
RECEIVER ASKED FOR
MILLINERY COMPANY
Bankruptcy proceedings were insti
tuted Wednesday against the Myers
Millinery Company of Atlanta. W.
H. Borenstein & Sons, with claims
amounting to $1,350.; the Diamond
Straw Company, $467, and W. Oron-
stein & Bros.. $571.27, are petitioners.
It is alleged in the petition that the
millinery company, while insolvent,
committed an act in bankruptcy in
the payment of $1,000 lo the National
Straw Hat Works.
BAPTIST SUNDAY SCHOOL
OUTGROWS ASSEMBLY HALL
The Sunday school of Central Bap
tist Church has« outgrown the assem
bly ha!!. Sunday morning it will as
semble for the opening and closing
exercises in the main auditorium of
the church.
At a meeting of the board of dea
cons Monday night definite steps were
taken regarding a new building at
Cooper and Whitehall Streets. It is
said work is ’ o begin within 90 days.
HAYWOOD GOES TO TRIAL
AS INCITER OF RIOTING
PATERSON. X. J. May 7.—The
trial of William J. Haywood. Miss
Elizabeth Gurley Flynn. Carlo Tresea,
Patrick Quinlan and Adolph Lessig,
rharged with unlawful assemblage
and inciting to riot, was begun here
to-day. The defendants will deny
that they preached disorder to
strikers.
STOVE KILLS TWO WOMEN.
NILES, OHIO, May 7.— Mrs. Shlra
and her daughter. Mrs. J. P. Fleming,
were burned to death here to-day
I when a gasoline stove exploded.
19c.
BUTTER—Jersey and creamery. In
i-lb. blocks. 27%&30c. fresh country,
fair demand. l7*4fa22V4c.
UNDRAWN POl’TRY Drawn, head
id feet on, per pound: Hens, 16fa 17c;
fries, 22*4@25c; roosters, 0. turkeys
wing to fatness, 17fal9e.
LIVE POULTRY Hens. 40 fa 50c
•osters 30fa35c, broilers 35c per pound,
puddle ducks 30 fa 35c, Pekins 36fa40c,
FRUITS AND PRODUCK.
FRUITS AND VEGETA BLEF —Lern-
>ns fancy $5.50fa 5.00, grapefruit $2.55fa4,
per pound, fancy Virginia, 6’4@7c,
choice 5'4fa6c, lettuce fancy $2.00fa 2.50,
beets $1.75fa2.00 in half-barrel crates,
ucumbers $2.26fa2.50.
Eggs plants (scarce) $2.00fa2.50 per
3.50. pineapples $2.50fa2.75 per crate,
onions $1.76 per bag (containing three
>ecks), svvet potatoes, pumpkin yams,
5fa85c, strawberries 8fal0c per quart,
FISH.
FlsJK—Bream and perch, 7c pound;
FLOUR AND GRAIN.
FLOUR—Postell’s Elegant $7.75,
Kwans Down (fancy patent) $6, Victory
(the very best patent), $6.65, Mono
gram $6. Queen of the South (finest
patent) $6.60, Golden Grain $5.60, Fault
less (finest) $6.25, Home Queen (high
est patent) $5.85, Puritan (highest pat
ent) $5.85, Paragon (highest patent)
55.85. Sunrise (half patent) S3.25, 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) $5.15,
Sunbeam $5.25, Southern Star (patent;
$5.25, Ocean Spray (patent) $5.25, Tulip
(straight) $4.15. King Cotton (half pat
ent) $5. low grade 98-pound sacks $4.
GROCERIES.
SUGAR -Per pound: Standard granu
lated qc. New York refined 4*4c, plan
tation 4,85c.
COFFEE — Roasted (Arbuekle’s)
$24.50, AAAA, $14.50 in bulk; in bags and
barrels. $21; green 20c.
RICE Head 4'4fa5%c, fancy head 5%
fa6Uc, 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, 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; sail ozone,
per case. 30 packages, 90c; 50-lb. sacks.
20c: 25-lb. sacks 12c.
MISCELLANEOUS — Georgia cane
syrup 37c, axle grease $1.75. soda
orarirers 7*4c pound, lemon crackers 8c,
oyster 7c, tomatoes <2 pounds) $1.65
case, (3 pounds) $2.25. navy beans. $3.25;
Lima beans 7‘Ac, shredded biscuit $3 60,
rolled oat:* $3.90 per case, griis (bags)
$2.40. p»nk salmon $7. cocoa 38c. roast
beef $3.80. syrup 30c per gallon, Sterl'r.g
ball potash $3.30 per case, soap $1.50fa
4 per case. Rumford baking powder $2 50
per case
CORN -Choice red cob. 88c. No. 2
white bone dry No. 2 white 86c. mixed
85c choice yellow 86c. cracked corn 85<*.
MEAL- Plain 144-pound sacks 7^ c - •**>-
pound sacks. 80c. 48-pourd sacks, 82c,
24-pound sacks 84^. 12-pound sacks 80c.
OATS—Fancy white dipped 55c. No.
2 clipped 84c, fancy white 53c. mixed 52c
COTTON SEED MEAL Harper
$29.00. Gremo feed. $26.00.
COTTON SEED HULLS — Square
sacks *15.50.
SEEDS— Amber cane seed 95c , canc
seed, orange $1. rye (Tennessee) $1.25.
red top cane «eed $1.35. rye (Georgia)
$1.35, mu# seed oats 56c, barley $1.25,
Burt oats 70c.
HAY Per hundredweight: Timothy,
choice, large hales. $1.30. No. 1 small
hales. $1.00, No. 2 small $1.20, 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: chob e green $1.50, No
1 $1.20, wheat etraw 70c, Bermuda hay
90c.
Get College Pennants
Old Gold and White.
From Your News Dealer
For the convenience of our readers we have
arranged with the following news dealers to redeem
Hearst’s Sunday American Pennant Coupons:
.1ACKSON-WESSEIj DRCG CO.. Marietta, and Broad Streets.
MARSHALL PHARMACY. Peachtree and Ivy Streets.
PALMER BRANCH, :S8!) Peachtree Street.
CRl'ICKSIIANK C It JAR CO.. Peachtree and Pr\or Streets.
CRPICKSHANK CIGAR CO.. Mitchell and Whitehall Streets.
HARBOUR'S SMOKE HOUSE, 41 X. Pryor Street.
WEINBERGER BROS. CIGAR STORE, Alabama and Pryor Streets.
BROWN & ALLEN, Alabama and Whitehall Streets.
STAR NEWS CO., Marietta and Broad Streets.
STAR NEWS CO.. Peachtree and Walton Streets.
WORLD NEWS CO., Peachtree and Marietta Streets.
GAMES DRUG (’().. 380 Whitehall Street.
ARAGON HOTEL NEWS STAND.
ATLANTA SODA CO., Broad and Marietta Streets.
ATLANTA SODA CO.. Mitchell and Whitehall Streets.
MEDLOCK PHARMACY, Lee and Gordon Streets.
WEST END PHARMACY, Lee and Gordon Streets. *
•JOHNSON SODA CO.. 441 Whitehall Street.
WHITEHALL ICE CREAM CO.. 284 Whitehall Street.
T. J. STEWART, Cooperand Whitehall Streets.
GREATER ATLANTA SODA CO., 209 Peachtree Street.
ADAMS & WISE DRUG STORE, Peachtree and Linden Streets.
TAYLOR BROS. DR1 G CO.. Peachtree and Tenth Streets.
TAYLOR PROS. DRUG CO., West IVaehtree and Howard Streets.
CRYSTAL SODA CO.. Luckic and Broad Streets.
ELKIN DRUG CO.. Peachtree and Marietta Streets.
ELKIN DRI G CO., Grand Theater Building.
JACOBS’ PHARMACY, Alabama and Whitehall Streets.
Out-of-Town Dealers:
BENNETT BROS.. 1409 Newcastle Street, Brunswick, Ga.
JOE N. B1 KNETT, 413-A King Street, Charleston. S. (’.
THE GEORGIA:' CAPE. East Clayton Street, Athens, Ga.
M. & W. CIGAR COMPANY. East Clayton Street, Athens, Ga.
COLLEGE CAFE. Broad and College Streets. Athens. Ga.
ORB DRUG CO., East Clayton Street, Athens, Ga.
BOSTON CAFE. North Col'lego Avenue. Athens, Ga.
SI NDAY AMERK AN BRANCH Oh !■ It E. 10.> East Clavtnu Sireet. Athens. Ga.
The Hearst’s Sunday American ‘Pennants are
durably made in fast colors, with heavily em
bossed, felted letters. Each of them will artistically
reproduce the colors and the seal or mascot of some
great university or college.
%
Four Colors. m
Look for the Pennant Coupon in next
Sunday’s issue of