Newspaper Page Text
V
16
THE ATLANTA GEORGIAN AND NEWS.WEDNESDAY, MAY 7, 191.1.
MILE TRADE
Fall River Plants and
Close.
Textile trade
»r© satisfactory
Iron Works Mills, and close. Thl?
1s the consensus of opinion of the
leading: totton mill men of Atlanta.
While tariff agitation is under way,
trade is elack. Whichever way the
tfcrlff is .settled, whether favoring <»r
hampering the mills, demand will
pick up at once. Meanwhile, the
spindles are, and probably will con
tinue to run at full time all sum
mer.
Not Taken Seriously Here.
The Eastern Press has been mud
excited over the closing of the Fall
River Iron Works Mills Here, the
closing of these mills is not taken
seriously.
The Fall River Iron Works Mill
never were well organized, and never
were run economically, say Atlanta
t-extil© men. The result has been
that Just now It is cheaper for the
American Print Cloth Company to
buy goods in the gray from better
managed mills than It Is to produce
goods in the gray in tUeir own plant,
the Fall River concern
“Of course, this is being used as a
weapon to prevent .serious cuts in
the tariff, but those who are well in
formed are not deceived by the
move,” say© A. F. Johnson, President
of the Exposition Mills.
Denies Tariff Charges.
"The truth of the matter 1s that
It ha_s proved cheaper to buy gray
goods from other looms rather than
operate the looms at Fall River.
As to the charge which is being
sired in the East to the effect that
the tariff hill has been framed In the
benefit of Southern mills, that Is
ridiculous If a tariff were framed
to favor the coarser numbers which
the Southern mills spin, isn’t it rea
sonable to suppose that the Eastern
mills would turn to coarser numbers,
thus increasing competition in those
grades, and th^ the bill would end
by defeating its object?
Many strange things come out of
the East, as soon as a tariff bill
comes up for discussion.”
PORT RECEIPTS.
The following table shows receipts at
the ports to-day compared with the
same day laet year:
1811 I
1818.
New Oriean*. .
1.319
1,135
Galveston. . . .
1,460
1,771
Mobile . . .
81
72
Uvannah . . .
2.376
1.168
Charleston. . .
275
176
Wilmington. . .
196
373
Norfolk
540
757
Boston ...
27 .
Philadelphia. .
100 ,
V arimiH
• I I
20
074
5,81.1
INTERIOR MOVEMENT.
ma.
ma.
Houston
808
888
A U gU S' t H
. 163 !
1,497
Memphis. . . .
.141
1,173
St I/ou’s
1,321 !
1.619
Cincinnati. .
807
1.260
Little Rock. . .
47
Total
3.430
6,441
-
Today'
s New York
Stock Market
Laat
Prev.
STOCK-
High.
Low.
Sate.
Clote. I
Amal. Cop.
76%
74%
75' 2
74' 2 J
Am. Ice Sec.
25
25
25 j
Am. Sun- Ref
1 1 ' 2
nr 2
111' 2
111
Am. Smelting
6F.
67
67
66% I
Am. Loc.
33
Am. Car Fd
49 |
Am. Cot. Oil
44
^4o. Pacific
35
Am. Woolen
18
j Anaconda
38 V,
38' 4
38' 4
38%
Atchlaon.. .
98%
99 „
99%
99' .. |
A. C. Line
120
Am. Can
33%
33
33* 4
32% !
do. pfd.
92' 4 j
Am. Beet Sg
31 2
Am. T. and T.
128%
128%
128%
128
Am. Agrl..
49
Bethlehm Steel 33
33
33
Bklyn R. T.
90 %
90
90
89', 2
B. and O.
98' ,
98 ,
98' ,
98
Cana. Pacific
242' ?
241 '/ 2
241Va
245% |
Corn Prod.
10-/4
Chet, and O.
64
62'%
63%
Conaol. Qaa.
129'/,
129'
1»/,
129
Cen. Leather
222 %
222%
222%
224',,
Colo. F and 1
31' 2
Colo. South.
28' 2
Dela. and Hd.
155
O. and R. O.
19%
Distill. Sec.
1#'/4
Erie
28%
28%
28%
28%
do. pfd. .
43%
Gen. Elec....
138
Goldfield Con.
17'/,
Great Weat.
14%
Gr. North, pfd
127
126'/,
127
126
Gr. Nor. Ore.
34
33', 4
34
32%
Inter. Harv.
104
III. Central
113
113
113
113'/a
Interboro .
14%
14%
14%
14'/ 2
do. pfd. .
30%
50' 2
50'a
50%
Iowa Cen.
7
K. C. South..
23
K. and T.
23%
23%
23%
24'/,
do. pfd.
59
L. Valley .
155
154' 4
164' 4
154%
L. and N.
131
131
131
131 Va
Mo. Pacific
35
N. Y. Central
100't
100'/ 4
100%
100'/ 4
Northweat..
128'/,
Nat. Lead
148'/ a
N. and W.
106
105%
106
105
No. Pacific
114' £
114%
114' ,
114%
O. and W. .
29
Penna .
1121/,
112
112
112
Pacific Mail
221 2
22%
22'/ 2
22%
P. Gaa Co. .
109' 2
109'/ 2
109'Za
109
P. Steel Car
25
Reading
161%
•161
161%
1G1 1 4
Rock laland
20' 2
20'%
20' '2
20
do. pfd.
33' 4
33
33
32%
R. 1. and Steel
29! •
do. pfd..
82
S. Sheffield
29
So. Pacific. .
95%
95' 4
95%
95%
So. Railway .
24%
do. pfd.
77
77
77
76'/*
St. Paul. . .
107%
107%
107' 4
107
Tenn. Copper.
351/a
Texaa Pacific
16
Third Avenue
341/4
Union Pacific
148%
U. S. Rubber
63', 2
63
63
63'/,
Utah Copper.
51%
51'/,
51' ,
U. S. Steel . .
60%
60' 4
60'4
60%
do. pfd..
106%
106' 2
106%
106'%
V.-C. Chem. .
28%
28%
28%
28'/,
W. Union. . .
65
Wabaah
3
do. pfd.. . .
9* i
9 2
9%
W. Electric. .
61'/a
W. Maryland
39
COTTON
CHICAGO CAR LOTS.
Following are the receipts for Thurs*
day and estimated for Friday:
IThursdav i
Friday.
Wheat . .
. . . /
49
(Torn . .
. . . . 189
129
Oats . .
. . . .! 161 I
159
Hogs . .
... 34,000 j
18.000
PRIMARY MOVEMENT.
WHEAT—
1913.
1912.
Receipts
670.000
345,000
Shipments
430,000
643.000
CORN—
Receipts..
414.000
638.000
Shipments . . . .
. . . 330,000
504,000
SPEED
AND
COURTESY
Oar Operators
are trained to be
uniformly effi
cient and courte
ous.
That is why it
is always a pleas-
ure to use the
Atlanta Tele
phone.
Ask our Sub
scribers.
ATLANTA TELEPHONE
& TELEGRAPH CO.
COTTON GOSSIP
NEW YORK, May 8—The Liverpool
cotton exchanges will he closed May 10,
12, 16 and 17.
• * *
Liverpool cables: "American forward
48,889 hales total 5,865, American de
crease 16.63G bales."
* * *
Newnan, Ga.. wires: "Steady rains all
night. Look general."
# * +
The market was sold heavily to-day
on sumo reports of good rains in the
eastern belt and prospects for more.
• * •
Augusta. Ga., wirgs: "We. hear of
scattered rains. Showers are predicted
in the next 48 hours."
* ♦
Charleston wires. "God rains in this
territory yesterday and last night."
t t *
New York dry goods show a better
tone, also better demand and many say
the stocks in dealers’ hands are small,
probably waiting on price developments
because of tariff revisions.
* * *
According to a correspondent of 11. F.
Hmhmann acreage in the Fort Smith j
section of Arkansas? is fully 10 per cent i
larger than last year. Ninety nor cent j
of the crop is planted and indications I
point to a good stand 'Phis report ap
plies to western Arkansas and Okla
homa. \
It was said yqigterdav that Carolina
mills were calling for cpiton in rather ,
large lots.
• • •
Emphasis is centered op new crop
positions. The fear of the predicted
"squeeze" in July option has been dis
counted for the moment
• * •
NEW ORLEANS, May S Hay ward |
ik Clark: "The weather map is favor
able. lLshowa cloudy In Alabama awl
the Atlantic^, generally fair in the rest
of the belt with warm and seasonable
temperature? Nice rains at Meridian,
Miss., and scattered showers in Ala
bama and the Atlantics. mostly light,
are shown: no general rain yet Indi
cations are for unsettled weather and
scattered showers in the Eastern States.
Oklahoma and west Texas; generally
fair in east Texas ami the central belt."
• • •
Washington announces that the cot
ton acreage report will be issued July 3.
• * *
Vicksburg. Miss., says: "With the
river falling dally hopes are centered
now on navlng planting operations in
full force next week in many places."
• • •
The New Orleans Times 1 »etnocrat
says: "Preponderance of professional
opinion still favors the short side, con
sequently the cotton market Is called
by the majority 'right’ when it de
clines. and 'wrong* when it advances
"For this reason the loudest explana
tions of yesterday’s advance were that
the manipulator was again at work;
that the new crop is doing as well as
at this lime in the big crop year; that
temj>eratures are more favorable than
last year, and that the underlying bear
ishness of the general situation is being
overshadowed by other things The hull
replied: 'It is a mistake to imagine the
crop is doing as well as lit the big crop
year, thus, the fate of the new crop is
still in the balance. \s for the old
crop, there can not be much < anger
hen there it, a do-
>tton at prices Veil
the long si
rrand for actu
above a future
"In other words, the m
may take his choice of
arguments Rut the ma
seems to prefer to rog;
as a scalping affair, and
irgly.
| p to last night, ra
Mississippi River had m
of the dry placefe Rain
the way. .but until it o«
shorts njaM * inward I v
anxious fAat. no mat
thev rutv a not a r out war.
fern
GOLD SUPPLY
France and Germany are Forcing
National Banks to Accumulate
Tremendous Reserve.
By B. C. FORBES.
President Wilson has nothing but
contempt for bankers—he scorned the
idea of having one in hie Cabinet,
since he wanted only honeat col
leagues—and now the Treasury De
partment is obediently snapping its
fingers at experienced bankere who
are raising warnings that the bank
ing situation needs careful handling.
Secretary McAdoo's sudden and in
explicable decision to scatter $10,000,-
000 Government cash among the na
tional banks is roundly condemned by
bankers, who declare that suoh ac
tion is simply an incentive to credit
inflation already alarming, and that
the Treasury may have need for a
distributable surplus before the year
ends.
• • •
The Bank of France on Monday
paid a premium of $10,000 to force
$2,000,000 American gold out of this
country and into its vaults. It has
taken $25,000,000 of our gold since
New Year.
• • •
Germany has given orders that the
Reichsbank's stock of gold must be
increased at any cost. The institu
tion has piled up fully $250,000,000
for the first time in its history, and is
hungry for mors.
• * *
The Bank of England has not one-
quarter the amount of specie already
collected by the Bank of France and
has not a great deal more than half
as much as the German Imperial
Bank. Both Frarvce and Germany hold
more gold than a year ago, but Eng
land reports less.
An American visitor recently pre
sented a letter of credit to first one
French bank and then another and
asked 500 francs ($100) in gold. All
refused. Not a grain of the yellow
metal is willingly parted with by
either French or German banks.
Hoarding has been carried to lengths
unimagined here. Says President
Alexander, of the Bank of Commerce,
in a .special cable to The Georgian
from London: “It is almost impos
sible to obtain gold in France at pres
ent, while there is an equal scarcity
in Germany.” The conditions are sim
ilar to those ruling in America dur
ing the panic of 1907 and other mem
orable financial crises. Gold is at a
premium, yet both France and Ger
many are adding to their bank sur
pluses regardless of cost, ao anxious
are they to pile up the metal.
• * •
At home, how goes it? Our Na
tional banks have expanded loans
some $300,000,000 within the last
twelve montns, but instead of justi
fying thir by strengthening their re
serve they have lost more than $50,-
000,000 oash. In Other words, loans
are inflated one million dollars every
business day, despite a shrinkage in
cash of a million dollars every week.
This alarming process is still going
on—merrily, so far, but tragedy
courted. New York, be it said, is tak
ing no part in the inflationary move
ment, for it is aware of the danger
involved.
• • •
How does the Treasury Department
act in face of threatened trouble dur
ing the autumn? Does it buttress its
position so as to be able to meet emer
gencies? No. It incites further loan
expansion by taking $10,000,000 from
the nation's vaults and scattering it
among hundreds of banks—this, too,
without any known suggestion from
the banks that Treasury funds should
be depleted. Gold that will do pos
tive harm now might have been kept
in readiness to stem trouble later,
• • •
Bankers call this deplorable. But,
then, bankers are knaves, according
to President Wilson and his advisers
Were they as anxious to "put the
Administration in a hole” as is some
times alleged, these bankers would
encourage the complete emptying of
the Treasury now, thereby destroying
the only weapon available to fight the
real trouble that is feared when rec
ord-breaking crops have to be har
vested and marketed. Knowledge that
the Government’s reserve had aH bean
used—misused—to foster credit ex
pansion would effectively incite disas
ter should emergencies arise.
• * *
Are bankers acting the part of un
scrupulous schemers whan thay urga
that the United States Treasury De
partment should conserve its re
sources at present, that the depart
ment should look across the Atlantic
and study what is going on there;
that it should take note of the arbi
trary withdrawal cf millions of gold
from America to Europe when ex
change quotations do not justify such
ction. and that the Secretary of the
Treasury should seek counsel from
those who have spent their lives in
diagnosing domestic and interna
tional monetary developments?
The one saving feature of the posi
tion is that, despite certain published
•snatches to the contrary, currency
. legislation WILL be brought forward
I this session.
May
11.42111.42
11.38
11.38111.37-39
June
.*. r.J... .
11.43-45
July .
11.51 11.54
11 44
11.48
11.46-47
Aug
11.31 11.32
11.25
11.29
11.25-27
Sept. . .
11.06-08
Oct. .
ii.o.i ii os
10.98
10.98
10.99-11
Dec. . .
11.04 11.06
10.98
10.99
11 .00
Jan
11.03 11 .04
10.97
10.98
10.78
Mch. . . .
U.12|ir.l2
11.07
11.07
11.05-06
i NEW YORK, May 8.—There was good
{ buying at the opening of the cotton mar-
i ket to-da^ and first prices were 4 to 8
point** better than lant night’s close.
The market war at first strengthened
on continental buying, but later weak
ened on heavy selling, Inspired chiefly
by reported rains in the eastern and
I central belt, where rains are badly
needed Prices immediately fell H to 7
| points from the opening level and re-
• reived very' little support. The bulls,
j however, predicted further upturns in
| rase rains are not as good as first re
ported.
j Further weakness in the spot situation
also was a factor In depressing prices.
The weakness in the actual came in the
face of reports that the Carolina mills
were asking for cotton. The report was
given very little attention and fell flat
on the market.
The weather map was very favorable
overnight and the detailed Government
record* show pretty good rains in the
Eastern States. Indications are for fair,
warmer to showery' weather over the
larger part of the belt for the next 48
hours.
The w’eek-end figures to-morrow are
expected to he unfavorable for compari
son. Mill takings to-morrow will be
compare*! with 311,000 bales for the same
week last y'ear.
The market during the afternoon .ses
sion was rather quiet with the trading
attributed mainly to professionals. Wall
Htreet continued to sell, also the ring
scalpers. Price movement was narrow
and practically unchanged from the low
level
Following are 11 a. m bids in New
York: May, 11.38; July, 11.47; August,
11.26; October. 11.00; January, 10.99.
Following are 10 a m. bids In New
Orleans: May, 12.13: July, 11.94; August,
11.65; October, 11.12; January, 11.14.
Estimated cotton receipts:
Friday. 1912.
New Orleans 1.000 to 1.200 2,673
Galveston 1.800 to 2,800 »3,612.
NEW YORK COTTON.
Quotations In cotton futures:
GRAIN
CHICAGO, May 8.—Wheat was firmer
this morning on the reported export
takings of 640,000 bushels of wheat for
export yesterday, coupled with the
smaller offerings in the pit and the
strength shown at Liverpool, Northwest
ern receipts were considerably in excess
of a year ago, but smaller than a week
ago, and Winnipeg receipts were smaller
than a year ago.
Corn was a trifle lower on increased
offerings in the pit, but this was only
for deferred months
Oats showed but little change, yet the
feeling was easier.
Provisions were 2% to 7%c lower.
CHICAGO GRAIN MARKET.
irain quotations:
High.
I ^ast! Prev.
Tone quiet.
LIVERPOOL COTTON MARKET.
JVERPOL, May 8.—This market was
due to open unchanged to %d higher,
but opened steady, at a net gain of 2%
to 3 points on near positions and 3%
to 4 points higher on distant months.
At 12:15 p. m., the market was quiet
and steady, 2 to 3 points.
Spot cotton 4 points higher; mid
dling 6.66d; sales, 7,050 bales, includ
ing 6,400 American bales; imports 1,000
bales, none American.
Port receipts are to-day estimated at
7,000 bales, as compared with 13,950
la-st week and 5,313 hales for the same
week last year, against 9,432 bales for
the corresponding week in 1911.
At the close the market was very
steady with prices at a net gain of 2 to
4 points from the final quotations of
Wednesday.
Futures opened steady.
Opening.
Prev.
Range.
Close
Close
May ....
6.42%
6.38%
May-June .
! ! 6,40 4 -6.40' '
6.42
6.38
June-July .
6.39V6
6.36
July-Aug. .
! .6.35-6.334
6.30%
6.32%
Aug.-Sept .
. .6.26 -6.24
6.26%
6.24%
Sept.-Oct. •
. .6.13
6 13%
6.10%
Oct.-Nov. .
. .ft.07^-6.06
6.06%
6.03%
Nov.-Dec. .
6.04
6 01
Dec.-Jan.
‘ ! 6.03 4-6 02 4
6.03
5.99%
Jan.-Feb. .
. 6.03 -6.024
6.02%
6.00
Feb.-Mch. .
.6.04^-6.03
6.03%
6.00
Mch.-Apr. .
. .6.05
6 04%
601%
Closed very steady.
COTTON MARKET OPENINGS.
Thompson. Towle and Co.: "We would
be cautious in making new short com
mitments, and prefer to maintain a con
servatively. bullish attitude for the pres
ent."
Logan and Bryan: “Should good rains
appear in *iie eastern sections we are
likely to have a sharp decline."
Stemberger, Sinn and Co.: "Ijook for
traders market/’
Norden and Co.: "We think that on
any decline new crop positions are a
purchase."
Miller and Co.: "We favor sale.! of
new crop positions.”
HAYWARD A CLARK’S
DAILY COTTON LETTER
NEW ORLEANS, May 8—Liverpool
was good on futures on the buying of
new crops by the continent, but spot
sales dropped to a total of 7,000 bales, at
4 points higher quotations. A cable
said: "Have no decided opinion, but
rather against the market, although
purchases are being made by the conti
nent nt present prices of winter
month?"
European government securities arc
higher and there was no political news.
Political affairs now seem to be in a
waiting attitude. There is undoubtedly
more optimism, which explains the bel
ter European demand for new crops at
this level.
A Memphis wire said spots were sell
ing freely and considerably under quo
tations. <)ur market opened a few
points higher on the good Liverpool and
strength in New York, but soon eased
on private rain reports from the East.
Prospects of an unfavorable visible sup
ply statement to-morrow also affected
support There Is a suspicion, however,
of professional intentions in New York
against the technical condition, the
market having supposedly become over
sold during the late period of menacing
politics. Liverpool forwardings for the
week are not even half as large as those
of last year, which points to a bearish
visible statement to-morrow.
Owing to the coming Whitsuntide
holidays in England, takings will be
small next week also, and visible com
parisons, ■consequently, unfavorable.
NEW ORLEANS COTTON.
. .89%
S8%
. .89%
89%
. .89'4
88%
'f——
. .53%
S4%
. .65%
r>B%
. .56%
58%
1—
.35%
SSI/,
. .35
35%
.35
34 A 4
Previous
1 P. M. Close.
88 88%
89% 89%
88% 89%
54% 84
55% Bo 1
56 % 56%
*
35 %
34*4.
34% 34%
35%
34%
19
.72%
19.
,12%
1.9.
.27%
19.22%
19.
,12%
19.
.20
10.
32%
19.30
.19
.10
19.
.05
19.
.10
19.12%
10
90
10.
.90
10
90
10.90
10.
75
10.
75
10.
75
10.75
10.
.77%
1(L 75
10.
.75
10.80
11.
40
11.
40
11 .
40
11.37%
10.
97%
10.
,92%
10.
.97%
10.97%
10.
R0
10.
,77%
10.
80
10.87%
I .I^astj Prev.
I Open 11 Ugh 1 Low/ Sale] Close.
May .
. ,;12
.11,
>12.
.14
12.
.11
12
.14*12.
08
■ 09
July .
. . 11,
.90
11
.96111.
90
11
11.
. 92-
■93
Aug
11
.56
11
.57
Ill
. 56
11
57'
'll
.53-
-54
Sept
It
.21-
•23
Oct.
ii
. 13
ii
14
11
.08
ti
.10
!i 1
.09-
■10
Nov. .
11.
.09-
-11
Dec.
. ii
.is
ii
12
ii
07
i i
•09
n
.08
-09
Jan.
. . 11
.15
n
.15
it
.14
u
.14
11
12
-14
Feb.
111
.07-
-09
Mch
. .'ii
.23
in
.23
'it
.23
in
.23
m
.17
Tone quiet.
THE WEATHER CONDITIONS.
WASHINGTON. May 8. Fair weath
er will continue in the Atlantic and
East Gulf States and the Ohio Valley
to-night and Friday, while In the lake
region the weather will be unsettled
with local rains and also possibly some
snow in upper Michigan.
It will be colder in the upper lake
region.
General-forecast until 7 p. m. Friday:
Georgia Fair. except local rains
near the coast to-night and Friday
OHIO WHEAT CROP NOW
IS IN FINE CONDITION
COLUMBUS, OHIO, May 8 The
Ohio crop report Issued b> the State
Agricultural Department to-day was
optimistic throughout Wheat, wlih.h
one year ago was rated at 44. is placed
at 93 The acreage sown In wheat is
about 800,000 acres more than last year.
MEXICAN AND ORIENT
WILL BE REORGANIZED
NEW YORK. May 8 The protective
committee for holders of the first mort
gage bonds of the Kansas City. Mexi
can and Orient Railway Company has
reached an ng^eement as to t»>c plan of
reorganization, it \\a* learned to-day
and now is engage^ Al formulating it
wdh a prospect of some defl-
WHKAT
May
July
Sept
cc
May
July
Sept
OATS
May
July
Sept.
PORK—
May . . .
July . . .
Sept. . . .
LARD—
May . . .
July . . .
Sept. . . .
KIBS—
May . . .
July . . .
Sept. . . .
CHICAGO CASH QUOTATIONS.
CHICAGO, May 8.—Wheat. No. 2 red,
99% @10.24; No. 3 red, 95098; No. 2
hard winter. 91 @92%: No. 3 hard win
ter. 90%@92%: No. 1 northern spring,
90&9l%; No. 2 northern spring, 89@91;
No. 3 spring. 87@89. •
Com—No. ?. 560 >4’. No. 2 white, 58®
* No. 2 yellow, 56(f$%; No. 3, 54%«i
55%; No. 3 white. 67@ %; No. 3 yellow,
5No. 4. 53% @54%: No. 4 white,
56% @57; No. 4 yellow. 54@%.
Oats-No. 2 white. 36%@37; No. 3
white, 35036; No. 4 white, 34%@35;
standard, 36%J@%.
OPINIONS ON GRAIN.
CHICAGO* May 8.—Barlett, Frazier &
Co.: "Wheat! We look for a steady nfar-
ket with probably narrow fluctuations
pending the issuance of the Government
report.
'Corn: We do not find that there is
any pressure from the country in the
way of hedging sales, and look for a
falling off in receipts shortly.
"Oats: The market seems to be gain
ing friends all the time, and there is
more or less buying of the deferred fu
tures on a semi-investment basis.
"Provisions: The market continues to
show a firm undertone and meets with
good buying on all little depressions."
LIVERPOOL GRAIN MARKET.
LIVERPOOL, May 8.—Wheat opened
%d higher; at 1:30 p. m. the market was
unchanged to %d higher. Closed % to
%d higher.
Corn opened unchanged; at 1:30 p. m.
the market was %d higher. Closed %d
higher.
LIVE STOCK MARKET.
CHICAGO, May 8.— Hogs—Receipts,
24,000. Market 5c lower. Mixed and
butchers, 8.2008.45; good heavy, 8.20®
8.40; rough heavy, 8.0008.16; light. 8:20
@8.45; pigs, 6.50@8.10; bulk. 8.26@8.40.
Cattle—Receipts, 3,500. Market weak.
Beeves, 7.3509.05; cows and heifers,JL50
@8.40; stockers and feeders. 6.16 07.90;
Texans, 6.500 8.00; calves, 7.0O@ft.OO.
Sheep—Receipts. 15.000. Market steady
to 40c lower Native and Western, 5.00
@6.00; lambs, 6.86@8.60,
ST LOUIS, May 8.—Cattle: Receipts,
3,000, including 1.500 Southerns; market
steady; native beef steers, 5.7509.00;
cows and heifers, 4.60 0 8.75; stockers
and feeders, 6.250 8.00; calves, 6.00@
10.60; Texas steers, 6.35@8.50; cows and
iieifers, 4.00 0 7.00; calves, 5.00@6.50.
Hogs; Receipts, 11,500; market 10 to
15c lower; mixed. 8.25@8.36; good. 8.20@
8 30; rough. 7.7008.00; lights, 8.25@8.35;
pigs, 7.0007.85; bulk, 8.20@8.60.
NEW YORK PRODUCE.
NEW YORK. May 8.—
Petroleum, firm; crude Pennsylvania,
2.50.
Turpentine, steady; 42.
Rosin, steady; common, 4.75.
Wool, steady; domestic fleece, 25@26;
pulled, scoured basis, 35@55; Texas,
scoured basis. 48055.
Hides, quiet; native steers, 16%@19%;
branded steers. 16%®%.
Coffee, steady; unchanged to 1 higher;
Rio No. 7 on spot 11% ®%.
Rice, steady; domestic, ordinary to
prime, 4%@5%.
Molasses, steady; New Orleans, open
kettle, 35@50.
Sugar. raw r . steady; centrifugal. 3.36;
Muscovado, 2.86; molasses sugar, 2.61.
Sugar, refined, steady; fine granulated,
4.25@35; cut loaf, 5.16; crushed, 5.05;
powdered, 4.2504.05; diamond A, 4.35;
confectioners’ A, 4.10@20.
Potatoes, firm; white, nearby 1.87®
2.25; Bermudas, 3.00@5.50.
Beans, irregular; Marrow, choice, 5.95
@6.05; pea, choice, 3.9004.00; red kid
ney. choice, 4.15020.
Dried fruits, steady: apricots, choice
. to fancy, 11 @13; apples, evaporated,
(prime to fancy. 5%© 8%: prunes. 30o to
60c, 5%; 60s to 100s. 3%«>4%: peaches,
choice to fancy, fifaTV*; seeded raisins,
choice to fancy, 6%®6%.
ATLANTA LIVE STOCK MARKET.
(By W. H. White, Jr., of the White Pro-
vision Company.)
Tattle receipts light. Market steady.
Hogs coming more freely. Market
lower.
Quotations based on actual purchases
during the current w'eek:
Choice to good steers, 1,000 to 1,200,
$6.00 0 6.50: good steers, 800 to 1.000, 6.60
@6.00; medium to good steers, 700 to 850,
6 25@6.76; medium to good cows, 700 to
800. 4.5006.00; good to choice beef cows,
800 to 900. 5.0005,75; medium to good
heifers, 650 to 750, 4.25 0 4.75; good to
choice heifers, 750 to 850, 5.00@5.75.
The above represent ruling prices of
good quality of beef cattle. Inferior
grades and dairy type selling lower
Medium to common steers, if fat, 800 t«
900. 5.00@5.75; medium to common cows,
if fat, 700 to 800, 4.5005.50; mixed com
mon. 600 to 800. 3.2504.25; good butcher
bulls. 3.50 0 4.50.
Prime hogs. 160 to 200 average. 8.650
■8.85; good butcher hogs, 140 to 160, 8.400
8.60; good butcher pigs, 100 to 140. 8.00@
8.25: light pigs. 80 to 100, 7.0008.00;
heavy rough hogs. 200 to 250, 7.7508.25.
Above quotations apply to corn-fed
hogs, mash and peanut-fattened hogs,
1 to l%c under
ATLANTA MULE AND
HORSE MARKET
(Corrected by the National Stock Yards
Commission Company; C. G. Tur
ner, President.)
Mules.
14 to 14% hands, rough, good ages,
$115 to S130.
14 to i2%. finish with quality, $155 to
$180.
14% to 15 hands, rough, $130 to $170.
15 to 15% bands, finish. $180 to $205.
16 hands, with quality ana finish, $206
to $230.
16 hands. hea\y chunk weighing form
1,250 to 1,400 pounds. $256 to $330.
Horses.
Southern chunk horses, from $76 to
$110.
Southern chunk, finish, $110 to $135.
Good driving horses, quality and finish,
ranging in price from $160 to $210.
Heavy draught horses, rough, $160 to
$210
Heavy draught horses, finish, $210 to
$300.
METALS.
NEW YORK. May 8 -The meiaJ
market was dull to-day. Copper, spot
to July. 16015%: lead. 4.20 bid; spelter.
5.4506.55; zinc, 5 4505.55, tin, 50 00®
TENTH WARD GETS
ENGINE NEXT WEEK
Firemasters Purchase LaFrance
Machine, Against Which the
Mayor Led Long Fight.
Fire Chief W. B. Cummings said
Thursday the new Lai •'ranee iuto en
gine just purchased by the Board of
Firemasters would be tested early
next week and Immediately Installed
In the new Tenth Ward Station.
This action will end the long contro
versy between Mayor Woodward and
the Board of Firemasters over the
purchase of this engine.
But four members of the board
voted for the purchase, while five
others present remained silent. Mayor
Woodward led the opposition with
the statement that the board should
cut loose from all the old contracts
connected with the scandal. Those
favoring the LaFrance engine were
Alderman James E. Warren, Council-
men J. H. Sisson and G. H. Boynton
and Fire Chief W. B. Cummings.
Mayor Woodward said TShursday
that he would veto Council’s exon
eration of the graft charges against
Chief Cummings, and he added that
his message would be the hottest
statement he had issued since going
into office.
He said he would let Council’s vin
dication of the accused Aldermen be
come effective by default. He said he
would not approve any such paper,
and did not consider it important
enough to veto.
STOCKS
By C. W. STORM.
NEW YORK. May 8.—A heavy ton©
prevailed in the stock market at the
opening to-day and most issues showed
declines Southern Pacific was % lower
at the outset, but made a partial re
covery later. Brooklyn Rapid Transit
was the strongest on the list, rising one
point to 90%. This buying was induced
by a belief that the dividend rate would
be increased at the next meeting of the
directors.
New York Central, which broke
through par yesterday for the second
time since 1908, opened at 100% for a
loss of %.
American Can showed a slight gain
on dividend prospects. New York, New
Haven and Hartford, which is now
under fire in an interstate commerce
investigation, made a slight fractional
gain.
Among the losses were United States
Rubber common % ; United States Steel
common %; Union Pacific %; Chesa
peake and Ohio %, and Amalgamated
Copper %.
The curb was quiet.
Americans in London were colorless.
A firmer tone prevailed after the first
half hour, and most of the list made
gains. Atchison, Reading and St. Paul
made moderate advances. Copper was
up % at 75%% New York, New Haven
and Hartford, up %; Lehigh Valley, up
% at 155. Steel remained firm at 60%.
Call money loaned at 2%.
BAR SILVER.
LONDON, May 8.—Bar silver steady
at 27 ll-16d.
MINING STOCKS.
BOSTON, May 8.—Opening: Boston
Corbin. 3; Giroux. 2%; Boston Maine.
57%; North Lake, 1; Allouez, 32.
Taft Ready to See
Free Trade Tested
‘Let’s Try It Out,’ Former President
Says in Address to Yale
Students.
Cuban to Try Flight,
Key West to Havana
Domingo Roaillo Seeks $10,000 Prize.
Will Ask Secretary Daniels for
Torpedo Boat Aids.
KEY WEST, FLA. May 8.—Do
mingo Rosillo, a Cuban avaitor, has
arrived here to make a flight across
the Gulf of Mexico from Key West
to Havana in a seven-cylinder mono
plane. Aviator McCurdy tried to
make the flight in 1911. but failed.
The Municipal Council of Havana
offered a prize of $10,000 to Rosillo
if he succeeds. The aviator said he
would fly out to-morrow to meet the
train which is bringing Secretary of
the Navy Daniels here, find would
ask that a few torpedo boats be as
signed to follow him in to Havana.
spousFends life as”she
IS IN COURT FOR DIVORCE
CLEVELAND, OHIO, May 8.—
Clarane Nehlman was waiting in
court to-day for her divorce case to
he called when a policeman called
on the telephone to inform her that
her husband, Charles Nehlman. had
committed suicide. He had been out
of work.
SPECIAL NOTICES.
Marshal Sales.
United States Marshal’s
Sale.
UNITED STATES OF AMERICA,
NORTHERN DISTRICT OF GEORGIA.
Will be sold on the first Tuesday in
June next, at public outcry at the Court
House in said county, in front of the
old City Hall Building, corner of Pryor
and Hunter Streets, City of Atlanta,
Georgia, within the legal hours of sale,
to the highest bidder for cash, certain
property, of which the following is a full
and complete description, to-wit: All
that tract or parcel of land lying and
being in the City of Atlanta. State ot
Georgia, being part of land lot flfty-.one
in the 14th District of Fulton County,
more particularly described as follows:
Beginning at a point on the east side of
Piedmont Avenue, formerly Calhoun
Street, at the northwest corner of
Clark’s lot, running thence north
along the east side of Piedmont Avenue
forty-five feet to King’s lot, thence east
along King's lot two hundred seventy-
four feet, more or less, thence south
parallel with Piedmont Avenue forty-
four feet, thence west at right angles
to Calhoun Street (now' Piedmont Ave.),
two hundred seventy-four feet, more or
less, to beginning point, being part ot
lots one hundred twenty-eight and one
hundred twenty-nine, block twenty-
three. ,
Said property levied on as the prop
erty of David T. Howard, to satisfy an
execution issued from the Circuit Court
of the United States for the Northern
District of Georgia, February 22, 1910,
in favor of the United States against
John Williams and David T. Howard:
said property being in possession of
David T. How r ard.
This first day of May, 1913.
W. H. JOHNSON,
United States Marshal.
5-1-34
RAILWAY SCHEDULES.
SOUTHERN RAILWAY':
"PREMIER CARRIER OF THE
SOUTH"
ARRIVAL AND DEPARTURE OF
PASSENGER TRAINS. ATLANTA.
The following schedule figures ere
published only as information, and are
not guaranteed:
No. Arrive From—
3ft Blrmlnfh’m 12:01 am
85 New York . 5:00 am
18 Jacksonville
43 Warrington
12 Shreveport
16 Heflin ...
29 New York.
8 Chatn’ga
7 Macon
5.30 am
5:25 am
. 6:30 am
. 8:20 am
.11:15 am
.10:35 aui
.10:40 am
17 Fort Valley 10:45 am
21 Columbus ..10:50 am
6 OlnclnnaU.. 11:10 am
2ft Columbus .. 1:40 pro
30 Blmilngh’ro
40 B’mlngU'm
39 Charlotte .
5 Macon ...
S7 New York
IB Brunswick
11 Rlchmuud
24 Kansas City 9:20 pm
16 Chattan’ga . 9:35 pm
19 Columbus .10:20 pm
81 Fort Valley 10:25 pm
14 Cincinnati .11:00 pro
23 Jacksonville 6:50 am
•J7 Toucoa .... 8:10am
2:30 pm
12:40 pm
3:55 pm
4:00 pm
6:00 pm
7:50 pm
8:30 pm
Depart To—
I New York .12:15 am
► Coiumbua . 6:20 am
I Cincinnati . 5:40 urn
1 Fort Valley. 5:80 am
. Blrralngh’iu 6:50 pm
Chattn'ga . 6:40 am
I Richmond . 6:55 am
I Kansas City 7:0ft mn
i Brunswick . 7:45 ain
i Hlrintngh’m 11:30 am
I New York. .11:01 am
I Charlotte .12:00 n'n
Macon .... 12:20 pm
i Columbus .12:30 i m
i New York.. 2:45 im
i Chattn'ga
» Blrmingh’m
i Toccoa ...
! Coiumbua
. Cincinnati
: Fort Valley,
i Heflin
I Macon
l Washington
1 Jacksonville
, Shreveport .11:10 yin
I Jacksonville 11:10 pm
3:00 pm
4:F0 pm
4:. - >0 pm
6:10 pm
6:10 pm
5 :20 pm
5:45 pm
6:30 pm
8:45 pm
9:30 pin
Tralna marked thus (•) run dally except Sun
day.
Other trains run dally. Central time. City
Ticket Office. No. 1 Peachtree Btroet.
LOST AND FOUND.
EosT^36x4 auto tTre^SdTrlnr^n^foaS
between Atlanta and Grantvllle.
May 7 Reward. C. S. Colley, Grant-
ville, Ga. 39-8-5
LOST—Near West view Cemetery, a.
pointer puppy; black and white, six
months old. Return to J. B. Bowen, 117
S. Forsyth St. Reward. 5-8-14
FOUND on Druid Hills Road, a lap
robe; owner can get same at 14 Wil
liams Street by paying for this ad
5-8-24
LOST—Wednesday morning 17-jewel.
gold case, Hamilton watch. Return to
E. W. Wallace, 30 Peachtree Street, care
Zakas’ Bakery. Liberal reward.
46-7-5
LOST—Small black purse. Corner Pry
or and Trinity Avenue, Wednesday,
7tn, about 8:30, containing $5 bill. Call
Ivy 6744-J. 5-7-25
LOST OR STOLEN—One medium sized
pointer dog. white with a liver spot,
collar with buckle; named Joe. Finder
return to 8 Fire Station or 54 Williams
and get reward. 5-7-19
LOST—Opal ring, set with six opals and
one small diamond, either on . F;ast
Point car or between Forsyth and Ala
bama and Empire Building. Phone M.
3739. 5-7-4
LOST—On West North Avenue Friday
morning, a pearl paved heart, pinned
on black bow’; engraved on bi$ck
"Carrie." Return to 172 West North, or
call Ivy 7325-J and receive liberal re
ward. 5-6-26
THE GENTLEMAN who picked, up
glasses in front of Morris’ Store on
Decatur Street, leave at Morris’ Store
and receive reward. 201-5-6
LOST—Fox terrier; black spot on eye;
age six months; name Chris. Reward
if left at 303 East Pine Street. 28-6-5
PERSONAL
WANTED—To furnish list of standard
second-hand novels, board covers,
which will sell cheap. Address Book
Lover. 853. care Georgian. 43-8-5
SUBSCRIBE NOW to The FOUR HUN
DRED, the leading Society Paper of
Atlanta. Bright, beautiful, artistic. $1
a year. The FOUR HUNDRED, 421
Kiser Bldg., Atlanta, Ga. 5-7-2
TREMAINE
The Mystic.
Permanently Located In Atlanta.
125 WEST PEACHTREE ST.
Hours—10 to 7. Closed on Fridays.
DEVELOPS your personal magnetism
and psychic powers by which your
greatest wish can positively be realized
Convincing demonstrations of soul
power. Consultation free. Teaches hyp
notism and mental control. Bring this
ad. 39-6-5
NEW HAVEN, CONN., May 8—"If
we are to have free trade, let’s have
it,” said William H. Taft in the sec
ond of his Yale lectures on modern
government this afternoon. “Let the
party that favors it vote for it. Let’s
try It.”
His statement was incidental to a
discussion of the necessity of the po
litical party to efficient legislation.
. “The three objects of the new'
school of political thinkers who style
themselves Progressives,” said the
former President, “are to prevent cor
ruption of government by corpora
tion Interests, to create an equality
of opportunity for all men, and to
equalize property holdings to some
degree. Persons who do not concur
with this school in the exact method
of arriving at the true purpose of
popular government, which is to make
for the happiness of all the people,
are called reactionaries.
"Those of up who fall in this cate
gory must be content, but we must
never cease fighting.”
BE A BELL
TELEPHONE
OPERATOR
The work I* agreeable. The
surroundings are pleasant. You
are paid a salary while learning.
The opportunities for rapid ad
vancement are excellent. In
creased salary is assured if you
prove efficient.
There are several vacancies in
our training school for young
women between 16 and 22 yeara
of age who have a common school
education and can furnish satis
factory references.
Apply in person at training
school, 25 Auburn Avenue in the
Bell Telephone Exchange
YOUNG LADIES taken for training at
i the Randolph Company Hair Dressing
Parlors. 58% Whitehall Street. 3-3-37
I DR. GAULT’S Antiseptic Powder for
women. It is cleansing, cooling and
{ non-irritating. Can be used as a douche
: at any time with safety. It has no
1 equal. Price $1 per box, postpaid. J. T
| Gault Chemical Company, 702 Austell
i Building, Atlanta. 4-25-33
NOTED GEORGIA MINISTER
PASSES AWAY AT MACON
MACON, GA., May 8.—Dr. George
Gilman Smith, minister, author and
historian, and for 60 years a Meth
odist clergyman in Georgia, died here
last night at the age of 77. Rev. Rob
ert O. Smith, of Gainesville, is a son.
Dr. Smith participated in the w ar be
tween the States and was several
times wounded. The funeral will tak«
l^ace Friday.
TOBACCO GROWERS PLAN
NATIONAL ORGANIZATION
LOUISVILLE, KY„ May 8-Rep-
resentatives of associations of tobac
co growers in Kentucky, Tennessee,
Missouri and other tobacco States
are in conference h£re to form a
national organization.
C. S. Barrett, of Union City, Ga..
president of the National Farmers’
Union, presided at the meeting.
$ 1 00,000 immediately
available to lend on First
Mortgage, in ar ou ts of
$1,000 to $5,000.
Semi-suburban properties
considered if well im
proved.
WM. HURD HILLYER
833 Equitable Bldg.
CHICAGO FACES STRIKE BY
10,000 GARMENT WORKERS
CHICAGO, May 8—A strike of 10.-
000 garment workers to-day was
threatened by Samuel Levine, busi
ness agent of the United Garment
Workers. The first step toward a
general strike was taken when Le
vine ordered out 400 workers for
higher wages and shorter hours.
ENTERTAINMENT FOR U. C. T.
COLUMBUS.—The Grand Council
of the Georgia-Florida division of the
U. C. T., which meets here May 22-23,
will enjoy a boat ride, a ball game, a
dance, luncheon at Wildwood Park
A Mistaken Idea
COME PEOPLE MAY THINK THAT
because the ATLANTA NATIONAL
BANK is one of the strongest and most
influential banks in the South it wants
only large accounts.
This is distinctly a mistaken idea. Al
though this is in every sense a "big”
bank, and many "big” accounts are han
dled here, small accounts are most cor
dially invited. The new depositor is as
sured of prompt, courteous attention;
and his account, however small, is given
as careful attention as the largest.
Why not make this YOUR bank t
Atlanta National Bank
The Oldest National Bank
in the Cotton States