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

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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