Newspaper Page Text
f
If.
THE A I IjAAi.a ui'.unuiA.\ tj .w:. *> o. n riU*\r^u^ i. jwi i, sox.
TEXTILE TRADE
CONDITIONS ART
0. K. IN GEORGIA
Wills Will Not Follow Example of
Fall River Plants and
Close.
Textile trade condition* in Georgia
ire satisfactory. There i* no dan
ger that mill* in this section will
’ollow the ax&mple of the Fall River
Cron Works Mills, and close. This
a the consensus of opinion of the
fading cotton mill men of Atlanta
While tarifT agitation is under way.
?rade is slack Whichever way the
cariff is settled, whether favoring or
tampering the mills, demand will
eick up at once Meanwhile, the
vpindles are. and probably' will ion-
1nue to run at full time all sum
mer.
Not Taken Seriously Here.
The Eastern Press has been much
nccited over the closing of the Fall
diver Iron Work* Mills. Here, the
flowing of these mills is not taken
seriously
The Fall River Iron Works Mills
never were well organized, and never
jrere run economically, say Atlanta
■ extlle men. The result has been
hat just now it is cheaper for the
American Print Cloth Company to
liuy goods In the gray from better
managed mills than It Is to produce
roods in tin- gray in their own plant,
Che hall River concern.
"Of course, this is being used as a
weapon to prevent serious cuts in
rhe tariff, but those who arc 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
k 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
aired in the Ensf 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 number
thus Increasing competition in those
grades, and that tlie* bill would end
by defeating its object?
Many strange things come out of
th< East, as soon as a tariff bill
comes up for discussion.”
NEW YORK PRODUCE.
NEW YORK. May 8.
Petroleum, firm; crude Pennsylvania.
•.so
't urpentine, steady; 42
Rosin, steady; common. 4 To.
Wool, stead. . domestic fleece, 25(626;
pulled, scoured basis, 35(655; Texas,
scoured basis, 48(6 55.
Hides, quiet; native steers, 1644* HP*;
branded steers. 16% 0%.
Coffee, steady; unchanged to 1 higher;
Rio No. 7 on spot 11%<«%
Rice, steady; domestic, ordinary to
prime. 4% 05%.
Molasses, steady; New Orleans, open
kettle, 36(6 50.
Sugar, raw. steady; centrifugal. 3 36;
Muscovado. 2 86. molasses sugar. 2.61.
Sugar, refined, steady; fine granulated.
4.26<635; cut loaf. 5.15; crushed, 5.05:
powdered, 125(64.05; diamond A. 4.35;
confectioner?' A, 4.10GT20.
Potatoes, firm, white, nearby 1.87(9
| 26; Bermudas. 3.00*6 6.50
Beans, irregular; Marrow, choice, 5.95
<66 05 r*ea. choice. 3.00414.00; red kid
ney. choice. 4.154/20.
Pried fruits, steady; apricots, choice
to fancy. 11(6 13; apples, evaporated,
prime to fancy. 5%C*8%; prunes. 30c to
60c, 6Vi; 60s to 100s. 3%<fr4%; peaches,
choice'to fancy , 6*6 7*4: seeded rgisina.
choice to fa now 5%(ft 6%.
Today's New York
Stock Market
Below
ven ihe highest,
lowest slid
last
iricus
of s
,ock«
to-day, together
wit h
the
j.re- j
vious close:
Last
Prev. :
stock—
High.
Low.
Sale.
Close
A. Copper
75'/*
74 7*
75'/*
74 7 *
A. 1. Secu.
25
25
25
25
A. S. Refining
111'/*
111' ,
111*/*
111
A. Smelting .
67 r /4
67
67' '4
68-4
A. Locomotive
34
34
34
33
A, C. Foundry
49
A. C. Oil. . .
44
A. Woolen
18
Anaconda
38' *
38'4
38'/*
383,
Atchison
99 8
99 *
99'*
99'2
A. C. Line
120
Am. Can.
334.
33
33
32 3 4 I
do. pfd..
93' 4
93' 4
9?'. 4
92' 4
A B. Sugar
31'/*
31' a
31V.
31
A. T. and Tel.
128 ‘b
128*-*
128»s
128
A. Agriculture
49 |
B. Steel
33 .
33
33
B. R Transit
90 *4
89’ h
90
89' ^
B. and O. .
98'/ a
98* r
98 H
98
C. Pacific .
24 2
240**
241 •/»
242*8
C. Products
10*/ 4
C- and Ohio
64
62'* 2
63'/*
64'/,
Consol. Gas
129' *
129'/*
129' 3
129
C. Leather
22%
22%
22'4
24'/ 4
F. F. ard Iron
32
32
32
31'/.
C. Southern
28'/*
D. and Hud
135
D. and R. G.
10'/4
D. Securities
16 V*
Erit. . .
28'*
28* h
28'a
283-4
do. pfd..
43/4
G. Electric
138
G. Consol.. . .
1%
Us
1 7 s
1Vs
G. Western
14*.
G. North, pfd.
127
126* 2
126'/*
126
G. N. Oregon
34
33V*
34
32' /
1. H’v's t’r, old
104
lit. Central
113
113
113
113' 2
Interboro
14 A*
14' 2
14'/*
14'/4
do. pfd..
50 3 *
50
50
50-J*
low.i Central
7
K. C. South
23
K. and T. .
231 8
23'a
23 8
24'/ 4
do. pfd..
69
Lehigh Valley
155
■
154 7 a
1543 4
L. and N.
131
131
131
131'/a
Miss. Pac.
35
N. v. on. . .
100- ?
99
99 7 8
100'' 4
Northwestern.
128' '2
National Lead
48* „
48* a
48' 8
48'/*
N. and W. . .
106
105’h
106
105
North. Pacific
114*4
114' 2
11434
1143,
Onta. and W.
29
Penn
112* «
112
112
112
Pacific Mail
22*
22' ..
22'
«'/*
Peop. Gas Co.
107* .
109* 2
109' ,
109
Pressed St Car
25
Readlnp. . . .
161T*
161
161' 8
161'/ 4
Rock Island .
20'/?
20*4
20' 4
20
Rock Is., pfd.
w3'/4
33
33
32' 4
Rep. Ir. and St
23'
Rep. I.&S., pfd
82
82
82
82
Sloss-Shsff . .
29
South. Pacific
95 »
95' p
95 4
95 1 4
Southern Ry.
24U
2414
24^4
24*4
South. Ry.. pfd
.77
7 7
77
76V*
St. Paul . . .
1 07 ' f;
107' •
107V,
107
Tenn Copper
35' ?
Texas Pacific.
16
Third Avenue
34' 4
Union Pacific
149
148' 4
148*8
148 *4
U. S. Rubber
63'
63
63' a
63’ ^
Utah Copper.
51L
61' 2
51' 2
U. S. Steel..
6O-4
60' a
GO* 4
60'r
U. 6. St’l, pfd
106 4
106' 2
1063,4
106',.
Va.-Can. Chem 23‘4
23V,
re> .
Western Union .
65
Wabash
3‘ R
3'
3' a
3
Waba., pfd.
9< 2
91 ,
9' ?
9' a
ll
IN OUR SHORT j m 8f c ™
GDLO SUPPIV
France and Germany are Forcing
National Banks to Accumulate
Tremendous Reserve.
By B. C. FORBES.
President Wilson Has nothing but
contempt for b®nk*r#—He scorned the
idea of Having one in His Cabinet,
since He wanted only Honest col-
league*—«nd now the Treasury De
partment is obediently snapping its
fingers at experienced bankers who
re raising warnings that the bank
ing situation needs careful handling.
Secretaiy McAdoo’s sudden and in
explicable decision to scatter $10,000 -
000 Government cash among the na
tiona| banks is roundly condemned by
bankers, who declare that such ac
tion is simply an incentive to credit
nflation 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 more.
! Market Steady on Firm Cables
i and Professional Support, but
Sentiment Is Against It.
NEW YORK, May 8 There wa? good
buying at the opening of the cotton mar
ket to-day and first price? were 4 to 8
points better than last night's close.
The market was at first strengthened
on continental buying, but latep weak
ened on heavy selling, inspired chiefly
by reported rains in the eastern and
• entral belt, where rains are badly
needed. Prices immediately fell 6 to 7
points from the opening level and re
ceived very little support. The bulls,
however, predicted further upturns in
case rains are not as good as first re
ported.
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 < 'arolina 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 Slates. 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 be unfavorable for compari
son Mill taking? to-morrow will be
compared with 317,00( 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 final quotations of
Wednesday.
Following are 11 a. in. 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,
11.56; 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 3,512.
RANGE IN NEW YORK FUTURES.
THE Vv FATHER 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.
Tt will be colder In the upper lake
region.
General forecast until 7 p. nt Friday;
Georgia -Fair, except local rains
near the coast to-night and Friday.
COTTON GOSSIP
BAR SILVER.
LONDON, May 8 Bar silver steady
e„t 27 11- 16d.
SPEED
AND
COURTESY
Our Operators
are trained t» be
uniformly effi-
ciest 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.
NEW YORK. May 8. The Liverpool
cotton exchanges will he closed May 10.
12, 16 ami 17.
* * *
Liverpool cable.': "American forward
48.889 bale?, total 5,866, American de
crease 15,520 baled."
nigh I.
n^n
H>k general
"Steady rains all
The market was sold heavily to-day
on some reports of good *ains in the
eastern hell and prospects for more.
Augusta. Ga., wires:
scattered rains. Showers
in the next 48 hours.”
We hear of
are predicted
Charleston wires: "God rains in this
territory yesterday and last night.”
• * •
According to a correspondent of H. F.
Baehmann acreage in the 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 a good stand. This report ap
plies to western Arkansas and Okla-
It was said yesterday that Carolina
mills were calling for cotton in rather
large lots.
Emphasis is centered on new crop
positions The fear of the predicted
“squeeze" in July option has been dis
counted for the moment.
* » •
NEW ORLEANS. May 8 Hayward
* (’lark: "The weather map Is favor
able. it shows cloudy in Alabama and
the Atlantic?, generally fair in the rest
of the belt with warm and seasonable
temperatures Nice rains at Meridian,
Miss., and scattered shower? in Ala
hama and the Atlantic*, mostly light,
arc 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 central belt."
WaahlngU
ton acreage
n announces that the cot-
renort will be Isauted July 3
Vicksburg. Miss., says: "With the
river falling daily 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 ?tt11 favor? the short side, con-
sequentb the cotton market is called
h> the, majority right' when it de
cline*. 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 bun
replied: ‘It i* a mistake to imagine the
crop is doing as well as in the big crop
year, thus, the fate of the new crop i
still in the balance. As for the ol
crop, there can not be much danger
to the long aide when there Is a u-
marui for actual cotton at prices well
above a future parity
*Tn other words, the man on the fence
may take bis choice of the conflicti
arguments. But the man on the fer
seems to prefer to regard the marl
as a scalping affair, and to act acco*
irgly.
"I p I*' fast night. »'a»rs east of t
Mississippi River ban not reached ma
of the dr> places. Rain' seems to be
the way. but until'It come*, new cr
aborts must J inwardly remain on t
anxloys seat, no matter rnw con fid <
they may -rppear outwirdly
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 France and Germany hold
more gcid 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
ie(^ed 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 ©enditions are &im-
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.
• * •
At Home, how goes it? Our Na
tional banks have expanded loan6
some $300,000,000 within the laet
twelve months, but instead of justi
fying this by strengthening their re
serve they have toat more than $50,-
300,000 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 port 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 posi
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 hi* 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
th* 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 a>l been
used—misused—to foster credit ex
pansion would effectively incite disas
ter should emergencies arise.
* * *
Are banker* acting 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?
Th- one saving feature of the posi
tion is *h*t. despite certain published
Jisratchc:-* to the contrary, currency
| legislation WILL be brought forward
‘ this session.
I £
a
I °
§
**-
i U •
0 « a
*4 : (A
«
s
0
tj
u 0
Mv 11.42
11.43111.38 11.13 11.42-43,11.37-
.Jn
11.49-51111.43-
Jly 11.51
11.53
11.4' 11.52
11.52-53111.46-
A* 14.31
11.32
11.25 11.30
ll.20-3ljll.25-
Spt 1
11.04-06,11.06-
Oc 11.03
11.05
10.94 10.98
It.97-98 10.99-
Dc 11.04
111.06
11.94 11.00
11.99-11 11.00
Jn 11.03
11.04
10.95; 10.07
11.97-98 10.97-
Alh 11.12
11.1
2
11.0G 11.06
11.05-06 11.04-
HIT REPORT
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 with the
smaller offerings in the pit and the
strength shown at Liverpool, Northwest
ern receipts v ere^considerably in excess
of a year ago, but smaller than a week
hgo. 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.
Wheat closed with losses of %<&%cr.
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. t 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.
Prev.
Close
88- g
89 %
89- 4
54 58
55%
56%
35%
35%
34%
19.22%
10.30
| Condition of Winter
Wheat Excellent
Area This Year Far Exceeds Acre
age Harvested Last Summer—Gov
ernment Makes Report.
WASHINGTON, May 8.—The crop
reporting board of the Department of
i 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 4.6 per cent (1.449,000 acres)
less than the area planted last au
tumn, hut 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 1 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.
High.
Low.
Close.
WHEAT—
May
.89!m
68
88%
July
89 *a
89
89
Sept. . .
.89 Vi
88*4
88 ‘/s
CORN
May
.F»5 V*
54 fc
55 %
luly .
.56
55V&
55%
Sept. •
56\
56*a
56%
OATS-
May .
.35 Vi
86 V*
36\f
July . .
.35
34%
34%
Sepl.
.35
34%
34 \
PORK-
May .
..10.27V4
19.12%
19.25
July . .
.19.32 %
19.20
10.30
Sept.
LARD-
May
July .
Sept. . .
Sept.
RIBS—
May . .
July .
Sept. . .
.10.92% 10.90
.10.80 10.76
.1.0.82% 10.75
.10.82% 10.75
10.90
10.77!
10.80
10.80
.11.50 U.35 11.50
.10.97% 10.92% 10.97V
10.85 10.7714 10.85
10.90
JO.75
10.80
10 80
11.3714
10.97%
10.82*4
Closed steady.
LIVERPOOL COTTON MARKET.
LIVERPOL, May 8. —This market was
due to open unchanged to %d higher,
but opened steady, at a net gain of 2V*
to 3 points on near positions and 3*4
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; nod
dling* 6.66d; sales. 7,050 bales, includ
ing 6,400 American bales; imports 1,000
bales, none American.
Pori receipts are to-day estimated at
7,000 bales, as compared with 13,950
last week and 5,1113 ba^s for the «ame
week last year, against 9,432 bales for
the corresponding week in 1811
Futures opened steady.
Opening.
Prev.
Range.
C!o«e
C* o?e.
May
6 42%
6.38%
M a v
June . .
.6.40 V
-6.40
6.42
6.38
June
-July .
. 6.39%
6.36
July-
A11*
6.35
-ft.33
6.30%
fi.32 1 /*
Ang
Kepi
.6.25
-6 24
6.26%
6.24%
Sept.
-Oct . .
.613
6.10%
Oct.-
Sf)V.
6.07 V
-6.06
6.06%
6.03%
Nov.
Oec.
. 6.04
6.01
1 >ec.
Jan.
.6.031/c
-6.02
2 6.03
5.99%
Jan.-
Feb. . .
.r,0:<
-6.02
2 6.02%
6.00
Feb.-
Mch. . .
.6.04%
-6.03
6.03%
6.00
Mch
-Apr. .
6.05
6.04%
6.01%
Clc
std very
steady
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
♦ j>oints 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
this level.
A Memphis wire said spots were sell
ing freely and considerably under quo
tations. Our 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 fqrwardings 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 Whitsunjtide
holidays in England, takings will be
small next week also, and visible com
parisons, consequently, unfavorable.
NEW ORLEANS COTTON.
Quotations In cotton futures:
CHICAGO CASH QUOTATIONS.
CHICAGO. May 8 —Wheat. No. 2 red,
!>914<ji 10.24; No. 3 red. 9B«i9l: No. .
hard winter. 91 fa- 4: No. 3 Uard win
ter. 90'4fa»2Vi; No. 1 norther* M-rmR.
hOniimj; No. 2 northern spring. 89091,
No. 3 spring, 87#89. •
Corn—No. ?, 560 U; No. 2 white. e8@
>.i: No 2 yellow. 560*4: No. 8. 54140
55V4: No. 3 white. 570*4: No. 3 yellow,
5*0%: NO. 4. 53%0S4V4: No. 4 white,
56H®57; No. 4 yellow, 540 V
Gate—No. 2 white. 36% w...: No. 3
while, 35036; No. 4 white, 34V 0 35;
standard. S6*i0V
OPINIONS ON GRAIN.
CHICAGO M»y Barlett, Frazier &
Co.: "Wheat: tVe 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
railing off in receipts shortly.
"Oats: The market seem* to be gain
ing friend? 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
t,d higher; at l:3d p. m. the market was
unchanged to I4d higher. Closed *4 to
>4d higher.
Corn opened unchanged; at 1:30 p. m.
the market was *4d higher. Closed *4d
higher _
CHICAGO CAR LOTS.
Following are the receipts for Thurs
day and estimated for Friday:
El
IN STOCK MARKET
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 % 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, w’hich 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 Y'ork, New
Haven ami Hartford, which is now-
under fire in an Interstate commerce
investigation, made a slight fractional
gain.
Among the losses were United States
Rubber common V*; TTnited States Steel
common *4; Union Pacific %; Chesa
peake and Ohio !4, 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*4Vi 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 unchanged; other bonds firm.
Cuban to Try Flight,
Key West to Havana
Domingo Rosillo Seeks $10,CC0 Prize.
Will Ask Secretary Daniels for
Torpedo Boat Aids.
KEY WEST, FLA., May 8.—Do
mingo Rosillo. a Cuban avaltor, has
arrived here to make a flight across
the Gulf of Mexico from Key West
to Havana in a seven-cylinder mono-
plan*' a \ l&tor Mc< !urd) rie<
make the flight in 1911. but failed.
The Municipal Council of Havana
offered a prize of $10,000 to Roaillo
if he succeeds. The aviator said lie
would fly out to-morrow to meet the
train which is bringing Secretary of
the Navy Daniels here, and would
ask that a few torpedo boats be as
signed to follow him in to Havana.
spouseTnds 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
be 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.
RAILWAY SCHEDULES.
SOUTHER^ KWIIAYAY.
"PREMIER CARRIER OF THE
SOUTH”
ARRIVAL AND DEPARTURE OF
PASSENGER TRA1NE, ATLANTA
The following schedule figures ars
published only as information, and are
not guaranteed: y
Arrive From—
* Hliu>iiii(i) 111 U:0l am
New York
Jacksonville
Wn hinston
iShreveport
Heflin ...
N« w York.
O.afn'ga
Macon
00 am
5:30 am
6:8S am
0 :;<0 am
8 :-<* a in
11:If* am
10:3. r > am
.. 10:40 am
Fort Valley 10:45 am
..10:50 am
11 :10 am
1 40 pm
2:3i> pm
18:40 pm
Columbus
Cincinnati.
Columbus .
Wrmingh'm
lt'mlngh'm
Charlotte .. js:o» pm
Macon .... 4 :00 pm
New York . 5:00 pm
Brunfiwirk . 7 :50 pin
Richmond . 8:90 pm
Kansas City 9:20 pm
Chat!sn'ga . 9:35 pin
Columbus
Fort Valley
Cincinnati
Ja< ksouvlllt
Toceoa ..,
10:20 pm
10:25 pm
. 11:00 pm
fi :R0 am
8:10 am
Depart To—
New York . 12:L6*-»
Columbus . 5 J8 . ,«
1 likinnaU . !* If/
Port Valley. 5:30 am
Rlrniingh ui 5:50 am
Chattu'ga . 6:40 am
Richmond . 0:55 am
Kansas City 7 :00 am
Rrunswlck . 7:45 am
ItirmlnKh'in 11:30 am
New York. .11:01 am
Charlotte .12:00 no
Macon ....12:20 pm
Columbus .12:30 pm
N * Tort . 1:45 pm
Chattn'ga
Rirmlngh'm
Toccoa ...
('ilumburt
Cincinnati . . ,
Fort Valley. 5:20 pm
Heflin 5.45 pm
Macon ... 5:30 pm
Washington P»»
Jacksonville 0:3ft pm
Shreveport .11:10 pm
Jacksonville 11:10 pm
3pm
4 :lt) pm
4 :Xft pm
5:10 pm
■’•:1ft pm
MINING STOCKS.
BOSTON, Miy 8.— Opening: Boston
Corbin, 3; Giroux. 2*4; Boston Maine.
57H: North Lake. 1: Allouez, 32.
Taft Ready to See
Free Trade Tested
‘Let’* Try It Out,’ Former President
Says in Address to Yale
Students.
IThursday.
Friday.
Wheat . . .
36
49
Corn . . .
. . 139
129
Oats
. . 161
159
H ogs . . .
. . . 24,000
18.000
t
u
go
Cm O
Mv 112.11112.15il27T0H2.il liT6-16112.08^09
Jn 10.99-01!
Jlv >11.96111.96I11.90 11.95 11.95-96:11.92-93
Ag 11.56 11.57 11.51T1.55IU.56-57,11.53-54
Sp I 11.23-25 11.21-23
Oc .11(13 ll.14jll.07 11.12111.11-12 11.09-10
Nv U. 11-12*11.09-11
Dc 'll. 12'11.12|11.06 11.11 ill. 10-11! 11.08-09
Jn 11.15 ll.lojU.13 11.13 11.14-16111.12-14
Fh ! 11.11-14111.07-09
MU ,11.23 11.23jll.23Hl.23 11.20 11.07
Closed firm.
PORT RECEIPTS.
The following table shows receipts at
the ports to-day compared with the
same day last year:
1912.
New Orleans. .
1.819 1
1.135
Galveston. . .
1,460
1,771
Mobile. ...
81
72
Savannah. . . .
2.376
1.168
• harleston. . . .
.' 275
175
Wilmington. . .
196
378
Norfolk
540
757
Boston
27 j..
Philadelphia
ICO .
Various
.1 j
20
6.374
5.313
INTERIOR MOVEMENT.
PRIMARY MOVEMENT.
WHEAT— 1913. 1912.
Receipts 670.000 345,000
Shipments «30.000 643,000
Receipts 414,000 628,000
Shipments 330,000 604.000
LIVE STOCK MARKET.
CHICAGO. May 8.—Hogs—Receipts.
24 000. Market 5c lower. Mixed and
butchers. 8.20#8.45: good heavy 8.20®
8 40; rough he&vy. 8.00@8.15; light. 8.20
(ft8 45: pigs. 6.60@8.10; bulk, 8.2orft8.40.
Cattle—Receipts. 3,500. Market weak.
Beeves, 7.35(^9.05; cows and heifers,^3.60
SS8'0; Stockers and feeders, 6.15®7.90;
Texans. 6.50&8.00; calves, 7.00^9.00.
Sheep- Receipts. 15,000. Market steady
to 40c lower. Native and 'Western, 5.00
(£6.00; lambs. 5.85® 8.60.
ST LOUIS. May 8.—Cattle; Receipts,
3,000. Including 1.500 Southerns; market
steady; native beef steers. 6.76® 9-00;
cows and heifers, 4.50<g)8.75; stocked
and feeders. 5.25(^8.00: calves, 6.00®
10 50. Texas steers, 6.35®8.50; cows and
heifer?, 4.00® 7.00: calves, 5.00@6.50.
Hogs: Receipts. 11.500; market 10 to
15c lower; mixed. 8.23®8.36; good, 8.20@
8 30: rough. 7.70(0)8.00; lights. 8.2o®8.35;
pigs. 7.00®7.85; hulk. 8.20®8.60.
ATLANTA MULE AND
HORSE MARKET
(Corrected by the National Stock Yards
Commission Company; C. G. Tur
ner, President.)
Mules.
14 to 14*4 hands, rough, good ages,
$115 to 1130.
14 to i2H. finish with quality, $155 to
$180.
14H to 16 hands, rough, 5130 to 1170.
15 to I6 l t hands, finish. $180 to $205.
16 hands, with quality ana finish, $206
to 5230.
16 hands, heavy chunk weighing form
1,260 to 1,400 pounds. $255 to $330.
Hors—.
Southern chunk horses, from $78 to
$110. v
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 ta
$300.
NEW HAVEN, CONN.. May 8—“If
we are to have free trade, let’s have
it,” said William H. Taft in the sec-
on'’ 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 tlie 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 u& who fall in this cate
gory must be content, but we must
never cease fighting.”
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 fifty-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’B lot, thence east
along King’s lot tw r o hundred seventy-
four feet, more or leas, 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 properry levied on as the prop
erty of De.vid 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 ihe 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
Trains marked Uiua (•) ruu Uailj except Sun
y b»her trains run dally. Ccr’ral time. Cl;j f
Ticket Office. No. 1 Peachtree Street. ,
LOST AND FOUND.
Lost—36x^T^auTo^Tire and rim on road
between Atlanta and Grantville
May 7 Reward. (\ S. Colley, Gran
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. 5-8-11
FOUND on Druid Hills Road, a lap
robe; owner can get same at 14 Wil
liams Street bv 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.
46-7-8
LOST—Small black purse. Corner "Pry
or and Trinity Avenue, Wednesda>,
7th. about 8:30, containing $5 bill. Cal
Ivy 5744-.T. 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. 5-7-10
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
oil black bow; engraved on back
“Carrie.” Return to 172 West North, or
call Ivy 7325-J and receive liberal re
ward. 6-6-26
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 StreeL 28-6-5
PERSONAL.
WANTED—To furnish flsi of standard
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 loading Society Paper of
Atlanta. Bright, beautiful, artistic. $1
a year. The FOUR HUNDRED. 421
Kiser Bldg., Atlanta, Ga. 5-7-3
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
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
lasd: night at the age of 77. Rev. Rob
ert O. Smith, of Gainesville, is a son.
Dr. Smith participated in the war be
tween the States and was several
times wounded. The funeral will take
place FYiday.
SPOT COTTON MARKET.
BE A BELL
TELEPHONE
OPERATOR
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 arc 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.
Apply in person at training
school, 25 Auburn Avenge in the
Bell Telephone Exchange
YOUNG LADIES taken for training at
the Randolph Company Hair Dressing
' Payors. 58^ Whitehall Street. 3-S-37
! 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
equal. Price $1 per box. postpaid. J. T
Gault Chemical Company, 702 Austell
Building, Atlanta. 4-25-33
Houston
308
839
Augusta.
153 j
1,497
Memphis
341
1.173
St Louis
1.321 j
1,619
1 ’fticinnatl.
807
1.366
Little Rock. . .
47
Total. ...
. ‘ 3.4*0
6,4 11
COTTON SEED OIL.
Cotton seed oil quotations
METALS.
NEW Y«»RK. M S
market was dull lo-da>
to Tiiiv. 16(h 15 l g: lead. * Z
5.46*t5 66, zinc, 5 464J5.55
60 50
Oc
The metal
per. spot
bid; spelter,
tin. 6fi.O0(Ji’
Snot ....
felly . • -
June ....
July ....
August . . .
September . .
October . .
November . .
December
Texas crude
Opening. Closing
6.DOR 6.92
6.90fi 6.94
6.95ft 6.96
7.01 -ft 7.02
7.0167.03
6.69(6 6.7!
6.42§6.H
6.30 ^ 6 40
Closed steady; sales 3.3 rt O barrels
Atlanta, quiet; middling ll*V
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 6.66d.
Savannah, steady; middling 11%.
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 12U
St. Louis, quiet; middling 12’4
Houston steady; middling 12c
Louisville, firm; middling 12%.
Greenville, quiet; middling 11%.
Charlotte, steady; middling 11%
NEW YORK COFFEE MARKET.
Coffee quotations:
1 Opening, j Closing.
January -11.32@11.35IU.36(811.37
February 11.34 jll.77(ft 11.38
March !11.35@11.39 11.38(811.40
April i *11.38^.11.40
Mav 111.00011.10 11.06(511.07
June 111.05 IJ1.10@11.12
Julv '11.15 11.17011.18
August . . . .[11.23011.35 11.27011.28
September . . . . 111.34011.35.11.37011.38
October . . . ill.30011.35'U.36011.37
November . . ill.30011.35 11.35011.36
December 11.32 11.35011.36
$ 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 H1LLVER '
833 Equitable Bldg.
Closed steady; sales 39,750 bags.
MONEY AND EXCHANGE.
NEW YORK, May 8 —Money on call
2«S»@2V Time loans unchanged; 60
days, 3!*@4; 90 days, 4; six months, 4*4
@414.
Posted rates; Sterling exchange, 4 84
ft C87. with actual business in bankers'
bills at 4.862504.8630 for demand and
4.82950 4.83 for 60-day bills.
Prime mercantile paper unchanged.
ENTERTAINMENT FOR U. C. T.
COLUMBUS.—The Grand Council
of the Georgia-P'Jorlda division of the
l'. c. T., which meets here May 22-23.
will enjoy a boat ride, a ball game, a
dance, luncheon at Wildwood Park
and a number of other features.
A Mistaken Idea
COME PEOPLE MAY THINK THAT
because the ATLANTA NATIONAL
BANK is one of the strongest aud 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, aud 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.
Whv not make this YOUR bank?
Atlanta National Bank
The Oldest National Bank
in the Cotton States
J