Atlanta Georgian. (Atlanta, Ga.) 1912-1939, May 08, 1913, Image 16

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If* TH Hi 'AT I i^\ .n i it ui'iUnuiA^ /ij.\ j / .M'jnan iMVAWKn i , ,tm ML I CONDITIONS IT 0. K. IN GEORGIA Wills Will Not Follow Example of Fall River Plants and Close. Textile trade conditions In Georgia ire satisfactory. There Is no dan ^ier that mills in tills section will hollow the example of the Fall River Iron Works Mills, and close. This s the consensus of opinion of th 'eadlng cotton mill men of Atlanta. While tariff agitation is under way. trade is slack. Whichever wav the tariff is settled, whether favoring or hampering the mills, demand will nick 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 much Txeitod over the closing of the Fall it Ivor Iron Works Mills Here, the flowing of these mills Is not taken spriously Tile Fall River Iron Works MMIm never were well organized, and never *ere run economically, say Atlanta extlle men. The result has been hat 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 their own plant, rtie 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." says A. F. Johnson. President of the Exposition Mills. Denies Tariff Charges. "The truth of the matter is that H has 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 bill 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 that the bill Would end by defeating Its object? "Many strange things come out of the East, as soon as n tariff MIT comes up for discussion. NEW YORK PRODUCE. NEW YORK, May 8. Petroleum, firm; crude Pennsylvania, i.eo Turpentine, steady; 41! Rosin, steady; common. 4.75. Wool, stead; ; domestic fleece, 25®26; puiied. scoured basis, 35(3*65; Texas, scoured basis. 4R055. Hides, quiet; native steers, 16}*& 19*4; branded steers. 16%®%. Coffee, steady; unchanged to 1 higher; Rio No. 7 on st>ot 11 %0%. Rice, steady; domestic, ordinary to prime, 4%05%. Molasses, steady; New Orleans, open kettle, 36050. Sugar, raw. steady; centrifugal, 3.36; Muscovado, 2.86; molasses sugar, 2.61. Sugar, refined, steady; fine granulate*!, 4.260 35; cut -loaf, 6.15; crushed, 5.05; powdered, 4.250*4.05; diamond A, 4.85; confectioners’ A. 4.10020. Potatoes, firm, white, nearby 1 870 l.?5; Bermudas. 3.000 5.60. Beans, irregular; Marrow, choice, 5.95 0 6.05. pea, choice. 3.9004.00; red kid ney. choice, 4.15020. Pried fruits, steady; apricots, choice to fancy, 11018; apples, evaporated, prime to fancy, 5%08%; prunes, 30c to fiOc. 5%; 60s to 100h. 3%04%; peaches, choice u> fancy, 607%; seeded raisins, choice to fancy. 5Vv 0 6 1 *. THE UtATHER CONDITIONS. WASHINGTON, May H 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 he unsettled wlih local rains ami also possibly sonic snow in upper Michigan. It will be colder in the upper lake region. General Forecast until 7 p in. Friday; Georgia -Fair, except local rains near the coast tonight and Friday. BAR SILVER. LONDON. May 8.—Bar silver steady t 2711-16*3. Today's New York Stock Market Below arc f^iv fin 11 o lii"hcxt, lowpst and last pries of s locks to-day, together will the fire- vious close: Last Prev. STOCK— Low. Sale. Close A. Copper 75 . 74', 751 ,» 74'. A. 1. Seen. 26 25 25 25 A. S. Refining 111' 2 111' 2 111'% 111 A. Smelting . 67%| 67 67'", 66% A. Locomotive 34 34 34 33 A. C. Foundry 49 A C. Oil 44 A. Woolen 18 Anaconda 3 8'/ ? 38' 4 38' 2 38% Atchison 99 7 a 99% 99% 99'/, A. C. Line 120 Am. Can . 33% 33 33 32% do. pfd. 93' 4 93' 4 93' \ 92* 4 A. B. Sugar 31', « 31V, 31V, 31 A. T. and Tel. 128% 128% 128% 128 A Agriculture 49 I B. Steel . 33 33 33 B. R. Transit 90% .X o> 00 90 89' 2 B. and O. . . 98'% 98‘ H 98' , 98 C. Pacific 242' . 240 7 , 241' H 242% C. Products 10'/, C. and Ohio 64 62' • 63' 4 64'/, Consot. Gas 129'/ a 129'% 129% 129 C. Leather 22% 22% 22 l 4 24'/, F. F. ard Iron 32 32 32 31'/, C. Southern 28% D. and Hud 155 D. and R. G. . 1»'/4 D. Securities 15% Erie 28% 28', 28% 28% do. pfd. 43 Va G. Electric 138 G. Consol.... 1% 1% i'/« 1 "Zb G. Western 147, G. North, pfd. 127 126* ? 126% 126 G. N. Oregon 34 33' 2 34 32' , 1. H'v's t'r, old 104 III. Central 113 113 113 113% Interboro 14% 14' 2 14% 14% do. pfd. 503.* 50 50 50% Iowa Central 7 K. C. South. 23 K. and T. 23% 23', 23', 24'/, do. pfd.. 59 Lehigh Valley 155 154% 164% ; 154% L. and N. 131 131 131 131% Miss. Pac. 35 N. Y. Cen. . . 100' ■, 99%, 99', 100% Northwestern. N> 00 National Lead 48' H 48' a 481 a u 00 N. and W. . . 106 106!, 106 105 North. Pacific 114% 114' 1143., 1141, Onta. and W. . . 29 Penn 112% 112 112 112 Pacific Mill 22' 22' 2 22' 2 22% Peep. Gas Co. 107' 109' ; 109' j 109 Pressed St Car . . 25 Reading . . 161% 161 161' , 161% Rock Island 20% 20' 4 20' 4 20 Rock Is., pfd. C5' 4 23 33 32% Rep. Ir. and St 23' *> Rep. I.&S., pfd 82 82 8? 82 Sloss Sheff . . ?9 South. Pacific 95 H 96% 95' 4 95% Southern Ry. . 24 24% 24J/4 2434 South. Ry., pfd. 77 77 77 76' ’a St. Paul . . . 107% 107^ , 107', 107 Tenn Copper 35% Texas Pacific 16 Third Avenue. 34' 4 Union Pacific 149 148' 4 1485, 148% U. S. Rubber 63' . 63 0J' /H 63% Utah Copper. 51% 51' n 51% U. S. Steel. 60% 60‘ „ 60' 4 60-% U. S. St’l, pfd 100% 106' ^ 105% 109i.. Va.-Car. Chem 28% 23' , 28' V 28' Western Union 65 Wabash 3' * 3% 3V, 3 Waba., pfd. 9' 2 9' . 9' 2 9' Westing. Elec 61' > West. Mary 19 Total sales. 192.000 shares COTTON GOSSIP ‘ NEW YORK. May S. The Liv ■nmol cotton exchanges wil be eh wed M ay 10, 12. 16 and 17. • * * Liverpool cable:*: • Atner can f* rwa rd •»K,88:i bales total 5,865, American do- crease 15,630 bales." * * -4 Nownan, Ga . wires "St* ady ra Ins all night. Look general The market was old fie avdy o-day on Home reports of iroo.1 ains n tl e eastern bell and prospects f*>r in ire. PRICE OF COTTON GRAIN TRADERS AWAIT REPORT France and Germany are Forcing National Banks to Accumulate Tremendous Reserve. By B. C. FOFTBEIS. President Wilson has nothing but contempt for bankers—he scorned the since he wanted Only honest col leagues—and now the Treasury De partment is obediently snapping its fingers at experienced bankers 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 such 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 Market Steady on Firm Cables and Professional Support, but Sentiment Is Against It. NEW YORK, May 8 There was good buying at the opening of the cotton mar ket to-day and first prices were I to 8 points better than last night's dose The market was at first strengthened on continental buying, but later weak ened on heavy selling, inspired chiefly by reported rains in the eastern and central belt, where rains are badly needed. Prices immediately fell 6 t» points from •Dio opening level and re ceived very nttle support. The bulls, ery nttJe supf however, predicted further upturns in ease rains are not as good as first re- poftfld • 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 records show pretty good rains in the Eastern States. Indications arc for fair, warmer to showery weather over the larger part of the belt for the next 48 hours. The week-end figures to-morrow are expected to he unfavorable for compari son. Mill takings to-morrow will be compared with 317.000 hales for the same week last year. The market during the afternoon ses- sion was rather quiet with the trading attributed mainly to professionals. Wall Street continued to sell, also the ring scalpers. Price movement was narrow and practically unchanged from the low level. At the close the market was steady with prices net unchanged to 6 points higher than the Anal quotations of Wednesday. Following are 11 a. in. bids in New York; May, 11.38; duly, 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, 11.55; October, 11.12; January, 11.14. Estimated cotton receipts: Friday. 1912. Nww Orleans ... 1,000 to 1.200 2.673 Galveston 1,800 to 2,800 3,512. RANGE IN NEW YORK FUTURES. hungry for more. SPEED AND COURTESY Our 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. Augusta, Ga., wires: "We hear of scattered rains Showers ate predicted in the next 48 hours." Charleston wires: “God rains in this territory yesterday aiul last night." According to a correspondent of H. F. Bachmar.n acreage in th* Fort Smith section of Arkansas is fully 10 per cent larger than last year. Ninety per cent of the crop is planted and indications point to u good stand.* 'Phis report ap plies to western Arkansas and Okla homa. The Bonk 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 France and Germany hold more goid than a year ago, but Eng. Janci reports less. An American visitor recently pre sented a letter of credit to first one French bank and then another and isked 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 sjm- liar 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, so anxious are they to pile up the metal. 1 c 0) a. O Low 3 A a) 8 0 i n u ® CLU My .In Jly Ag Spt Oc Dc Jn Mh 1l.42jll.43jll.38 11.31 ill. 32 ill. 25 ii oiii.'or* io.94 11.0411 1.06'1.1.94 11.03 11.04110.95 11.12|11.12 j 11.06 11.43111.42-43 111.49-51 11.52*11.52-53 11.30111.30-31 .... 1 L04-06 10.^8 11.97-98 11.00 11.99-H 10.97111.97-98 11.06 11.05-06 11.37-39 11.43-45 11.46-47 11.25-27 11.06-08 10.99-11 11.00 10.97-98 11.04-06 LIVERPOOL COTTON MARKET. LIVRRPOL, 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. At the close the market was very steady with prices at a net gain of 2 to 4 points from the Anal quotations of Wednesday. Spot cotton 4 points higher; mid dling G.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 last week and 5,313 bales for the «ame week last year, against 9,432 bales for the corresponding week in 1911. Futures opened steady. At home, how goes it? Our Na tional banks have expanded loans some $300,000,000 within the last twelve months, but instead of justi fying this by strengthening their re serve they have lost more than $50,- 000,000 cash. 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 is courted. New York, be it said, is tak ing no part in the inflationary move ment, for it is aware of the danger involved. li was said yesterday mills were calling for <•*» large lots. Carolina in rather Emphasis is centered ml now <jrop j positions. The fear of the predicted I "squeeze" In July option has been dis counted for the moment 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 posi tive harm now might have been kept in readiness to stem trouble later. NEW ORLEANS. May 8 Hayward AL- Clark: “The weather map is favor able. It shows cloudy in M a bam a and ihe Atlantics, generally £gir in the lest of ihe belt with warm and seasonable temperatures. 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 and the centrar belt.” • * • I Washington announces that the cot ton acreage report will he issued July 3 Vicksburg. Miss., says "With the river falling dally hopes are centered now on having planting operations in full force next week in many places." The New Orleans Times! democrat 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 time in the big crop year, that temperatures are more favorable than last year, and that the underlying bear ishness of the general situation is being overshadowed by other things The hull replfed: ‘It is a mistake to imagine the crop is doing as well as In the big crop year, thus, the fate of the new crop is still in the balance. As for the old crop, there can not be much danger I to the long side when there is a de mand for actual cotton at prices well above a future parity.' “In other wards, the man on the fence may take his choice of the conflicting I arguments But the man on the fence j seems to prefer to regard the market j as a scalping affair, and to act accord ingly. i “Up t<f fight, rains east of the t MissiMrtWB' River had not reached many | * f the dr#*places. Rain seems to be on j the wav. bin until it comes, new crop [shoTts must fnwafdly renlain' on the! anxious seal, no matter row confident I l the\ may appear outwardly ." . 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 all been used—misused—to foster credit ex pansion would effectively incite disas ter should emergencies arise. Are bankers aoting the part of un scrupulous schemers when they urge 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 of millions of gold from America to Europe when ex change quotations do not justify such action, 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? May May June July- Aug. Sept. Oct.- Nov. Dec. Jan. Feb. Mch. Cl( June . . -July *. . Aug. . . -Sept . . -Oct. . .* Nov. . . - Dec. . . •Jan. . . Feb. . . ■Mch. . . -Apr. . . se*l very Opening. Prev. Range. Close Close. 6 38% 6.401V-6.40 6.42 6.38 6.39 ft 6.36 6.35 -6.33i ■ . 6.30Vi 6.32% 6.25 -6.24 6.26% 6.24% 6.13 6.13% 6.10% 6.07 % -6.06 6.06% 6.03% Bearish Census Figures Expected, Causing Freer Offerings, but Buying Is Light. CHICAGO, May 8 -Wheat was firmer this morning on the reported export takings of 640,000 bushels of wheat for export yesterday, coupled w$th 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 tbis was only for deferred months. Oats showed but little change, yet the feeling was easier. Provisions were 2ft to 7%c lower. Wheat closed with losses of %0%c. There was considerable grain sold on the belief that the Government crop report would be a bearish document. The condition on May 1 was placed at 91.9 for winter wheat against 79.7 a year ago. The indicated yield a year ago was 370.714.000 bushels, against 513.000,000 bushels this year. The corn market was %©%c higher and oats were up a small fraction for the nearby months but a shade lower for the deferred. There were many ru mors of a big export business at the seaboard. Provisions were without any marked change. CHICAGO GRAIN MARKET. WHEA May July Sept. . . CORN- May lul.v . Sept. . . OAT8- May July . . Sept. PORK May . July . Sept. LARD- May July Sept. . Sept. RIBS— May . . July . . Sept. . . High. T— ,89 7 * .89% .56 .56% 35% .35 .35 Prev. Low. Close. Close 88% 89 88% 89 88% 89% 884* *8% 89% 54% 55Vi 54% 55% 55‘, 55% 56% 56% 56% 35% 85% 35% 34% 35 ■, 34% 34% 34% .10.27% .19.32% .19.12% 19.12% 19.25 19.22% 19.20 10.30 10.30 19.02% 10.12% 10.12% .10.92% .10.80 .10.82% .10.82% 10.90 10.90 10.90 10.75 10.77% 10.75 10.75 10.80 10.80 10.75 10.80 10.80 .11.50 .10.97% 10.85 11.35 11.50 11.37% 10.92% 10.97% 10.97% 10.77% 10.85 10.82% 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. 9O%092%; No. 1 northern spring, 90 0 91 %; No. 2 northern spring. 890 91; No. 3 spring, 87089. • Corn—No. ?, 560%; No. 2 white. 580 %; No. 2 vellow, 560%; No. 3, 54%0 55%; No. 3 white, 570%; No. 3 yellow, 550%: No. 4. 63*4064%; No. 4 white, 56%0 57; No. 4 yellow. 540%. Oats—No. 2 white. 36%037; No. _3 white. 35 0 36; No. 4 white. 34% 0 35; standard. 36%0%. .6.03%- .6.03 .6.04%- .6.05 steady. 6.02* 6.02’, 6.03 6.04 6.01 6.03 5.99% 6.02% 6.00 6.03% 6.00 6.04% 6.01% HAYWARD A CLARKS 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 1 points higher quotations. A cable said: "Have no decided opinion, but rather against the market, although purchases are being made by the conti nent at present prices of winter months." European government securities are 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 bet ter European demand for new crops at •his level. A Memphis wire said spots were sell ing freely and considerably under quo tations. Our market opened a few points higher on tin* 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 polities. Liverpool forwardings for the week are not even half as large as those **f last year, which points to a bearish visible statement to-morrow. Owing to the coming Whitsuntide holidays in England, takings will he small next week also, and visible com parisons, consequently, unfavorable. NEW ORLEANS COTTON. Quotations In cotton futures: c 4> a 5 I % 0 11 aj d O O 23 *4 I J CO U Z2 c-'J M v 12.11 12.15 12 .10 12 .11 ,12.15 16 12.OS- ■09 Jn 10.99- 01 Jly 11.96 11.96,11. 90: ii .95 (11.96- 96 111.92- -93 At 11.56 11.57 11. 51 11 55 11.55- 57 11.53- ■54 ^P |..., 11.23- 25 11.21- ■23 oc .11)13 11.14 ii. dii ii. 12j 11.11- 12 (11.09- ■10 Nv 11.11- 12 11.09- •11 Dc 11.12 ii.iajii. 06 ii. ill 11.10- 11 11.08- ■ 09 Jn 11.15 11.15 11. 13 11. 13 11.14- 16 11.12- •11 Fb 1 1 11.11- 14 ill. 07- ■09 Mh 11.23 ii.33|ii. 23 ii 23 11.20 11.07 Closed firm. PORT RECEIPTS. The following table shews receipts at the ports to-day compared with the same day last year: The one saving feature of the posi tion is ♦hat. despite certain published ! dispatches to the contrary, currency} legislation WILL be brought forward j 1913. 1912. New Orleans. 1.319 1.135 Galveston 1.460 1,771 Mobile 81 75 Savannah . . . . 2.376 1.168 Charleston 275 176 Wilmington. . . . 196 373 Norfolk 540 757 Boston 27 Philadelphia 100 Various 20 Total 6.374 5.313 INTERIOR MOVEMENT 1913. 1912. Houston SOS 839 Augusta . 153 1.497 Memphis 341 1.173 St. Louis 1.321 1.619 Cincinnati 807 1.266 little Rock. . . . 47 Total 3.430 6.441 OPINIONS ON GRAIN. CHICAGO May 8.—Barlett, Frazier & Co.: “Wheat: We look for a steady mar 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. CHICAGO CAR LOTS. Following are the receipts for Thurs- IThursday.l Friday. Wheat . . . . . .! 36 49 Corn . . . 139 129 Outs . . . . 161 159 ' Hogs . . . . . . 24,000 18,000 PRIMARY MOVEMENT. WHEAT— 1913. 1912. Receipts 670,000 345,000 Shipments CORN— 430,000 643,000 Receipts 414.000 628.000 Shipments 330,000 504.000 LIVE STOCK MARKET. CHICAGO, May 8.—Hogs—Receipts. 24.000. Market 5c lower. Mixed and butchers. 8.2008.45; good heavy. 8.200 8.40; rough heavy. 8.0008.15; light. 8.20 0 8.45; pigs. 6.50 0 8 10; bulk, 8.2508.40. Cattle-Receipts, 3,500. Market weak. Beeves, 7.3509.05; cows and heifers, 3.50 08.40; Stockers and feeders. 6.1507.90; Texans. 6.5008.00; calves. 7.0009.00. Sheep Receipts. 15,000. Market steady to 40c lower Native and Western. 5.00 0 6.00; lambs, 5.850 8.60. ST. LOUIS, May 8.—Cattle: Receipts, 3,000. including 1.500 Southerns; market steady; native beef steers, 5.7609.00; cows and heifers. 4.5008.75; Stockers and feeders. 5.2508.00; calves, 6.000 10.50; Texas steers, 6.3508.50; cows and heifers. 4.000 7.00: calves, 5.00 0 6.50. Hogs: Receipts. 11,500; market 10 to 15c lower; mixed, 8.2508.35; good. 8.200 8.30: rough. 7.7008.00; lights, 8.2508.35; pigs, 7.000 7.85; bulk. 8.20 08.60. r a this session. ME NK\N YORK. ’ * J % market was dull to-day Copper, spot to July. 150 15%: load. 4.3.) bid; spelter. 5.4505.55; sine, 5.4505.55; tin, 50.440 50. 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 5130. 14 to i2%. finish with quality, $155 to $180. 14% to 15 hands, rough, $130 to $170. 15 to 15% hands, finish, $180 to $205. 16 hands, with quality ana finish, $205 to $230. 16 hands, heavy chunk, weighing form 1,260 to 1.400 pounds. $255 to $330. Horses. Southern chunk horses, from $75 to $110. Southern chunk, finish. $110 to $135. Good driving horses, quality and finish, ranging in price from $160 to S210. Heavy draught horses, rough, $160 to $210 Heavy draught horses, finish, $210 to $300. COTTON SEED OIL. Cotton seed oil quotations: Condition of Winter Wheat Excellent Area This Year Far Exceeds Acre age Harvested Last Summer—Gov ernment Makes Report. Opening. Closing. Spot 6.90® 7 03 May 6 90 0 6.92 6.920 6.94 June . 6.900 6.94 6.910 6.93 July 6.950 6.96 6.9606.97 August .... . 7.01 ft 7.02 7.0107.03 September . . . 7.01 (a 7.03 7.0207.04 October . . . 6.6906.71 6.7006.73 November . . 6.4206.44 6.40 0 6.44 December . 6.300-6.40 6.300 6 38 Texas crude 6.00 Closed steady sales 3,3'k) barrels. WASHINGTON, May 8.—The crop reporting board of the Department of Agriculture to-day made the follow ing estimates: On May 1 the area of winter wheat to be harvested was about 30,938,000 acres, or 4.5 per cent (1,449,000 acres) less than the area planted last au tumn. but 16.4 per cent (4,367,000 acres) more than the area harvested last year, viz: 26,571,000 acres. The average condition of winter wheat on May J was 91.9, compared with 91.6 on April 1, 79.1 on May 1, 1912, and 58.6, the average for the past ten years on May 1. E By C. W. STORM. NEW YORK, May 8.—A heavy tone prevailed in the stock market at the opening to-day and most issues showed declines. Southern Pacific was % low T er 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 atj<l 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%. Trading was quiet in the last hour. Canadian Pacific fell below 241 for a loss of 1% from the mid-day level, but fractional gains were scored by Union Pacific, Southern Pacific and Amalga mated Copper. Lehigh Valley shaded. The market closed steady. Govern- ments l unchanged; other boads firm. MINING STOCKS. BOSTON. May 8.—Opening: Boston Corbin, 3; Giroux, 2%: Boston Maine. 57%; North Ijake, 1; Ailouez, 32. Taft Ready to See Free Trade Tested ‘Let’s Try It Out/ Former President Says in Address to Yale Students. 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 Yaie 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 1 .’’ 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 us who fall in this cate gory must be content, but we must never cease fighting.” NOTED GEORGIA MINISTER PASSES AWAY AT MACON MACON, GA., May 8.—Dr. George Gilman Smith, minister, author and historian, and for 50 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 partic ipated in the war be tween the States and was several times wounded. The funeral will take place Friday Cuban to Try Flight, Key West to Havana Domingo Rosillo Seeks $10,000 Prize. Will Ask Secretary Daniels for Torpedo Boat Aids. KEY WEST, FLA.. May 8.-—Do mingo Rosillo, a Cuban aval tor, 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, ami would ask that a few torpedo bouts be as signed to follow him in to Havana. SPOUSE ENDS LIFE AS SHE IS IN COURT FOR DIVORCE CLEVELAND. OHIO. May 8. - Olarane 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, beyng part of land lot fifiv-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 eas* 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 tho 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. Howard. This first day of May, 1913. W. H. JOHNSON. United States Marshal. 5-1-34 RAILWAY SCHEDULES, SOim IEliN IX* AILVT A y. “PREMIER CARRIER OF THH SOUTH’’ ARRIVAL AND DEPARTURE OF PASSENGER TRAINS, ATLANTA. Th® following schedule figures art published only as information, and ar« not guaranteed: No. b:X~> aiu . ti :30 tun | >" tllll 11:15 uni . .10:85 am . 10.40 am Arrive From— iiiriMiiigii tu 1- 01 am New York . 5:00 am Jacksonville 5:30 am \Va» hlngtou Shreveport lleflln ... New York. Chatn’ga Macon «.-,v ■■ Fort Valley 10:45 am Columbus ..10.50 am Cincinnati.. ll:10aiu! Columbus .. 1 :40 rtn fit rating!)'m 2:30 pro It’mlngh'in 12:40 pm Charlotte .. 3:55 pm Mucon .... 4 :00 pnt New York . 5:00 pm Brunswick . 7:50 pin Richmond . 8:30 pm Kansas City 0:20 pnt Chattan'ga . 9:35 pm Columbus .10:20 pm For: Valley 10:25 pm Cincinnati .11:00 pm Jacksonville) 6:50 am Toccoa .... 8:10am 6:40 am 6:55 am 7 :00 am 7 :45 am No. Depart To— 3« New York .12 15 am 20 Columbus . 6:20 am 13 Cincinnati . 5:40 an 32 Fort Valley. 5:30 am 35 Itirmlngh'iu fi:sn ■>. 7 Cbnttn'ga 12 Itichmoud . 23 Kansas City 10 Brunswick . 29 Blrmlngh'm 11:3 _ . 38 New York. .11:01 am 40 Charlotte .12:00 ti n 6 Macon ... .12:20 pm 30 Columbus .12:30 pm 30 New York.. 2:45pm. 15 Chattn’ga . 3 00 pm 39 Birmlngh’tn 4:lVpm * 18 Toceoa .... 4:3f pm 22 Columbus . 8:10 pm 5 Cincinnati . 5:10 pm 23 Fort Valley. 5:20 pm 25 lleflln .... ' ' 10 Macon 44 Washington 24 JacksonvlH* 11 Wire 14 Ja*l.: 6:30 pm 8:45 pm 9 -n. : / ■port .11:10 pm vllle 11:10 pm Trains marked thus (* day Other ‘rains run dall Ticket Office. No. 1 IVf ) run daily exceflt fcui y. Central time, chtrec Street. LOST AND FOUND. Lost—36x4 auto tire and rim *>n road between Atlanta and Grantville. May 7 Reward. C. S. Colley, Grant- ville, Ga. 39-8- LOST— Near Westview Cemetery, a pointer puppy; blank 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 ran 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 1’eachtree Street, c<*re Zakas' Bakery. Liberal reward. 46-7-8 LOST—Small black purse. Corner Pry or and Trinity Avenue, Wednesday. 7th, about 8:30, containing $5 bill. Cali Ivy 5744-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. 6-7-10 LOST—Opal ring, set with six opals and one small diamond, either on East 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 back “Carrie." Return to 172 West North, or call Ivy 7325-J and receive liberal re- w’ard. 5-6-20 THE GENTLEMAN who picked up glasses In front of Morris’ Store on Decatur Street, leave at Morris’ Store and receive rew r ard. 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 wS??TErr^Trf^^^ second-hand novels, board covers. which will sell cheap. Address Book Lover. 853, care Georgian. 48-8-5 SUBSCRIBE NOW to The FOUR HUN DRED, the leading Society Paper of Atlanta. Bright, beautiful, ariistld. $1 a year. The FOUR HUNDRED, 421 Kiser Bldg., Atlanta, Ga. 5-7-J TREMAINE The Mystic. f 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 YOUNG LADIES taken for training at the Randolph Company Hair Dressing j Parlors. 58% Whitehall Street. 3-3-37 | t)Irt. 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 BE A BELL TELEPHONE OPERATOR equal. Price $1 per tjox. postpaid. J. T. Gault Chemical Company, 702 Austell The work is 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 years of age who have a common school education and can furnish satis factory references. Building, Atlanta. 4-25-33 Apply in person at training •chool, 25 Auburn Avenue in the SPOT COTTON MARKET. Bell Telephone Exchange $ 1 00,000 immediately available to lend on First Mortgage, in an ou its of $1,000 to $5,000. Semi-suburban properties considered if well im proved. WM. HURD HILLYER Atlanta, quiet; middling 11%. Athens, steady; middling 11%. Macon, steady; middling 11V New Orleans, steady; middling 12 3-16 New York, quiet; middling 12c. Philadelphia, quiet; middling 12.10. Boston, quiet; middling 12c. Liverpool, easier: middling 6.66*1. Savannah, steady; middling 11V Norfolk, steady; middling 12c. Augusta, steady; middling 12c. Mobile steady; middling 11%. Galveston steady; middling 12 3-16. Charleston, quiet; middling 11%. Wilmington, nominal. Little Rock, quiet; middling 11%. Baltimore, nominal; middling 12c. Memphis, quiet; middling 12%. St. Louis, quiet; middling 12%. Houston steady; middling 12c. Louisville, firm; middling 12%. Greenville, quiet; middling 11% Charlotte, steady; middling 11% NEW YORK COPF2E MARKET. Coffee quotations: January . . February. March . . April . . May . . June . . . July . . . August September October . November December . I Opening. ] Closing. .111.32011.35111.36011.37 11.34 11.77011.38 . ll.S5011.39 11.380ll.4O • ' 11.38011.40 . 11.00011.10 11.06011.07 .11.06 i 11.10011.12 . 11.15 'll.17011.18 . 11.23011.35,11.27011.28 11.340 11.35111.37011.38 11.30 0 7 1 35 11.36 011.37 . |11.30011.35111.35011.36 . 11.32 11.35011.36 833 Equitable Bldg. Closed steady; sales 39,750 bags MONEY AND EXCHANGE. NEW YORK. May 8.—Money on call 2% 02%. Time loans unchanged; 60 days. 3%04; 90 days, 4; six months, 4% 0 4%. Tosted rates; Sterling exchange. 4.84 0A87, with actual business in bankers' bills at 4.862504.8630 for demand and 4.8295 0 4.83 for'60-day bills. Prime mercantile paper unchanged. 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 Wiiuwood Park and a number of other features. A Mistaken Idea it wants SOME PEOPLE MAY THINK THAT because the ATLANTA NATIONAL BANK is one of the strongest and most influential banks in the South only large accounts. This is distinctly a mistaken though this is in every' sense bank, and many "big" accounts are han dled hel-e, 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? idea. Al- “bie’’ Atlanta National Bank The Oldest National Bank in the Cotton States i .