Newspaper Page Text
I III'. A I Lui.S i \ uiA/iWMa /v'i\ ij ,'vi'jh o. \
fEXItE m
CONDITIONS ARE
0. K. IN GEORGIA
Mills Will Not Follow Example of
Fall River Plants and
Close.
Textile trade conditions in Georgia
are satisfactory. There Ih no dan
ger that mills in this section will
follow the example of the Fall River
Iron Works Mills, and close. This
Is the consensus of 'opinion of the
leading cotton mill men of Atlanta
While tariff agitation Is under way.
trade is slack. Whichever way the
tariff is settled, whether favoring or
hampering the .mills, demand will
pick up at once. Meanwhile, the
spindles are. and probably will con
tinue to run at full time all sum
mer.
Not Taken Seriously Here.
The Eastern Press has be.-n much
excited over the closing of the Fall
River Iron Works Mills. Here, the
effusing of these mills is not taken
ee* iously.
The Fall River Iron Works Mill 4 -'
never were well organized, and never
were run economically, say Atlanta
textile, men. The result has been
that just now it is cheaper for the
American Print Cloth Company to
buy goods in the gray from better
managed mills than It Is to produce
goods in the gray in their own plant,
the Fall River concern
"Of course, this is being used as a
weapon to prevent serious cuts in
the tariff, but those who are well In
formed are not deceived by Re
move.'' says A. F. Johnson, President
of the exposition Mills.
Denies Tariff Charges.
"The truth of the matter is that
it 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 East to the effect that
the tariff bill has been framed in the
benefit of Southern mills, that Is
ridiculous ‘Jf a tariff were framed
1 o 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 Bast, as soon as a tariff bill
comes up for discussion."
NEW YORK PRODUCE.
NEW YORK. May 8
Petroleum, firm; crude Pennsylvania,
1.50.
Turpentine, steady; 42.
Rosin, steady; common, 4.75.
Wool, stead.' ; domestic fleece, 25fr26;
pulled, scoured basis, 35 (if 1 55; Texas,
scoured basis, 48fa55.
Hides, quiet; native steers, 16%fal9%;
branded steers, 15%(9?*.
Coffee, steady; unchanged to 1 higher;
Rio No 7 on spot 11Mi\4.
Rice, steady; domestic, ordinary to
prime, 4V»®6%.
Molasses, steady; New Orleans, open
kettle, 35050.
Sugar, raw. steady; centrifugal, 3.36;
Muscovado, 2.86; molasses sugar, 2.61.
Sugar, refined, steady; flue granulated.
4 26036. cut loaf, 5.15; crushed, 5.05;
powdered. 4 2504.05; diamond A, 4.35;
confectioners' A, 4.10020.
Potatoes, Arm; white, nearby 1.870
5 26; Bermudas. 3.0006.50
Beans. Irregular; Marrow, choice, 5.96
0 6.05: |>ea. choice, 8.900 4.00; red Kid
ney. choice. 4.15020.
Dried fruits, steady; nprlcots, choice
to fancy, 11018; apples, evaporated,
prime to fancy, 6V|08%; prunes. 30c to
60c, 5*2: 60s to 100s, 3%fa4%; peaches,
choice to fancy. 607Vi: seeded raisins,
choice to fancy, o 1
THE Vv lsI HER CONDITIONS.
WASHINGTON, May 8 Fair weath
er will continue in the Atlantic and
Fast Gulf States and the Ohio Valley
to-night and Friday, while In the lake
region the weather will he unsettled
with local rains and also possibly some
snow in tipper Michigan.
It will be colder in the upper lake
region.
General forecast until 7 p. m. Friday:
Georgia—Fair, except local rains
near ti e coast tonight and Friday
BAR SILVER.
LONDON, May 8.--Bar silver steady
i 27 ll-16d.
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 S u h-
scribers.
ATLANTA TELEPHONE
& TELEGRAPH CO.
- i
Today’s New York
Stock Market
di
Below «r
■ «iv
'ii 11
,* highest,
lowest and
Iasi prices
of s
tucks
to-da.v, ton<
•1 her
will
the
I're-
vious close:
e
Last
Prev.
STOCK —
Sigh.
Low.
Sale.
Close.
A. Copper
75' 2
74',
75' a
74',
A. 1. Secu.
25
25
25
25
A S. Refining
111'/,
1111 *
11V/a
111
A. Smelting
67' 4
67
67' 4
66 %
A. Locomotive
34
34
34
33
A C. Foundry
49
A C. Oil. . .
44
A Woolen
18
Anaconda
38' 2
38'„
38' *
38%
Atchison.
99',
99',
99%
99'/*
A. C. Line
120
Am. Can
33’,
33
33
32%
do. pfd.
93',
93'4
93' 4
92 1 4
A. B. Sugar
31' ,
31'a
31' .
31
A. T. and Tel
128%
128%
128%
128
A. Agriculture
B. Steel. .
33
33
33
49
B. R. Transit
90%
89',
90
89' 4
B. and O.
98' ,
98',
98' „
98
C. Pacific
242' ?
240-
241' ,
242%
C. Products
101/4
C. and Ohio
64
62 1 ,
63' 4
64'/,
Consol. Gat
129'/,
129' 2
129'/*
129
C. Leather
22%
22'%
22%
24'/ 4
F. F. and Iron
32
32
32
31»/a
C. Southern
28 •/*
D. and Hud
155
D. and R. G.
19'i
D. Securities .
18'
Erie
28',
28',
28%
283%
do. pfd. .
43%
G. Electric .
138
G. Consol. . .
1',
1',
17*
154
G. Western
14’i
G. North, pfd.
127
128'/*
126'/*
126
G. N. Oregon
34
33'/*
34
32' 2
!. H'v'a’t’r, old
104
III. Central
113
113
113
113'/*
Interboro
H'-,
14' ?
14'/i
141/i
do. pfd.
50%
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 »/ 4
M las. Pac.
35
N. Y. Cen. . .
100‘ >
99',
99',
100' 4
Northwestern.
128' 2
National Lead
48' ,
48' ,
48' „
48' *
N. and W. . .
106
105 }n
106
105
North. Pacific
114%
114' 2
114%
114-1,
Onta. and W.
29
Penn
112' B
112
112
112
Pacific Mail
22' 2
22' *
22‘/a
22' 4
Peop. Gas Co.
107' g
109' ,
109* ,
109
Pressed St Car
25
Reading. . .
161%
161
161' „
161' 4
Rock Island.
20' ?
20 4
20' 4
20
Rock Is., pfd.
33' i
33
33
3214
Rep. Ir. and St.
23',
Rep. I.&S.. pfd
82
82'
82
82
Slose-Sheff . .
?9
South. Pacific
95%
95’ ,
95' 4
95%
Southern Ry. .
24 , *
24*4
24%
24%
South. Ry.. pfd. 77
77
77
76'/*
St. Paul . . .
107',
107' ?
107',
107
Tenn Copper
35' L
Texas Pacific
16
Third Avenue
34'/*
Union Pacific
149
148' 4
148',
148%
U. S. Rubber
63' .■
63
63'-,
63'%
Utah Copper.
51%
51'
51'/*
U. S. Steel
60%
MX „
60'. 4
60%
U. S. St’l, pfd
106%
106' 2
106%
106' 2
Va.-Car. Chem
28%
28' ,
28'/*
28' 2
Western Union
*. . «. .
65
Wabash 3' *
3 1 H
3' a
3
Waba., pfd. 9' ..
9 2
9' -
»' 2
Westing. Elec
West. Mary.
01'
:?9
Total sales.
192.000
shares.
COTTON GOSSIP
GOLD SUPPLE
France and Germany are Forcing
National Banks to Accumulate
Tremendous Reserve.
PBICE OF COTTON
Market Steady on Firm Cables
and Professional Support, but
Sentiment Is Against It.
Bearish Census Figures Expected,
Causing Freer Offerings, but
Buying Is Light.
NEW YORK,
cotton exchange 1
12. 16 and 17.
May 8
will be
1J v or pool
•d May 10.
Liverpool cables:
48.889 bales total
•crease 15,530 bales."
* *
Newnan. Ga.. wires:
nlgiit. Look general.
" \merU-.ui forward
>.865. American de-
6teady rains all
The market was sold heavily to-day
on some reports of good rains in tlie
eastern belt and prospects for more.
Augusta, Ga., wires; "We hear of
scattered rains. Showers are predicted
in the next 48 hours."
* * *
Charleston wires: "God rains in this
territory yesterday ami last night."
* * •
According to a correspondedt of II. F.
Bachmann acreage In the Fort Smith
By B. C. FORBES.
President Wilson ha* nothing but
contempt for banker*—he scorned the
idea of having one in hi* Cabinet,
since h* wanted only honest col
leagues—-*nd 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-
i explicable decision to.scatter $10,000,-
000 Government oaeh among the na
tional banks is roundly condemned by
bankers, who declare that such ac
tion ie 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 coet. The institu
tion has piled up fully $250,000,000
for the first time in its history, and is
hungry for more.
* * •
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 qoid than a year ago, but Eng
land reports less.
An American visitor recently pre
sented a letter of credit to first one
French bank and then another and
asked 500 francs ($100) in gold. All
refused. Not a grain of the yellow
metal is willingly parted with by
either French or German banks.
Hoarding has been carried to lengths
unimagined here. Says President
Alexander, of the Bank of Commerce,
in a pecial cable to The Georgian
from London: "It is almost impos
sible to obtain gold in France at pres
ent, while there is an equal scarcity
in Germany.” The conditions are sim
ilar to those ruling in America dur
ing the panic of 1907 and other mem
orable financial crises. Gold is at a
premium, yet both France and Ger
many are adding to their bank sur
pluses regardless of cost, so anxious
arc they to pile up the metal.
* * •
At home, how goes it? Our Na
tional banks have expanded loans
some $300,000,000 within the last
twelve 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
cash ot a million dollars every week.
This alarming process is still going
on—merrily, so far, but tragedy is
courted. New York, be it said, ie tak
ing no part in the inflationary move
ment, for it is aware of the danger
involved.
NEW YORK. May 8 -There was good
luiying at the opening of the cotton mar
ket to-day and first prices were 4 to 8
points better than lust night’s close.
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 arc 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 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 are for fair,
warmer to showery weathi r 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 laklngs to-morrow w'111 be
compared with 31*,000 bales for the same
week last year.
The market during the afternoon ses
sion was rather quiet with the trading
attributed mainly to professionals. Wail
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. m. 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.
New Orleans 1,000 to 1,200 2.673
Galveston 1,800 to 2,800 3,512.
RANGE IN NEW YORK FUTURES.
t
a 1 *
a
O
3 °
I
3 1.
My H1.42 11.43 11.38 11.43 11.42-43111.37-39
in I ) | 11.49-61(11.42-46
Jly 11.51 11.53 11.4111 1.52 11.52-53 11.46-47
\g 11.31II 1.32111.25! 11.30 11.30-31 11.25-27
Spt ! | 11.04-06111.06-08
Oc 111.03 111.05110.94110.98 11.97-98(10.99-11
Dc 11.04 ll.06 ll.94T1.00jll.99-J 1 11.00
Jn 1 1.03111.04 10.95 10.97 11.97-98110.97-98
Mh ! 11.12111.12jl1.06|11.06111.05-06*11.04-06
Closed steady.
LIVERPOOL COTTON MARKET.
LIVEHPOL, May 8 'Phis 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 final quotations of
Wednesday.
Spot cotton 4 points higher; mid
dling 6.66d; sales, 7,050 bales, Includ
ing 6,400 American bales; imports 1,000
bales, none American.
Port receipts are to-day estimated at
,000 bales, as compared with 13,950
last week and 5,313 bales for the same
week last year, against 9,432 bales for
the corresponding week in 1911.
( ’HR'AGO, May 8 Wheat was firmer
this morning on the reported export
takings of 640,000 bushels of wheat for
export yesterday, coupled with the
smaller offerings in the pit and the
strength shown at Liverpool, Northwest
ern receipts were considerably in excess
of a year ago, but smaller than a week
ago, and Winnipeg receipts were smaller
than a year ago.
Com 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 to 7V4c lower.
Wheat closed with losses of
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. * a
year ago.' The indicated yield a year
ago was 370,714.000 bushels, against
13,000,000 bushels this year
The com market was 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
Provisions were without any marked
change.
CHICAGO GRAIN MARKET.
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
Agriculture to-day made the follow
ing estimatts:
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 1 was 91.9, compand
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.
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 avaitor, has
arrived here to make a flight across
the Gulf of Mexico from Key West
to Havana In a seven-cylinder mono
plane. Aviator McCurdy tried to
make the flight in 1911. but failed.
The Municipal Council of Havana
offered a prize of $10,000 to Rosillo
If he succeeds. The aviator said he
would fly out to-morrow to meet the
train which Is bringing Secretary of
the Navy Daniels here, and would
ask that a few torpedo boats be as
signed to follow him in to Havana.
spouseTndsTife as" she
IS IN COURT FOR DIVORCE
CLEVELAND, OHIO, May 8.—
(’larane Nehlman was w aiting 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.
RAILWAY SCHEDULES.^
SOT T11 KKX KAILWAY..
“PREMIER CARRIER OF THH ^
SOUTH”
ARRIVAL AND DEPARTURE OF
PASSENGER TRAINS. ATLANTA.
The following schedule figures are
published only as Information, and are
not guaranteed;
:'M) am
5:2.'» am
, 6:30 am
8:20 am
Arrive From—
hirimngh'in 12:01 am
New York . ft:00 am
Jiukuonvltle
Wrh ingum
; Shreveport .
Hnttin ....
New York. .11:1ft am
Chain’ga . ,10:3ft am
Macon .... 10 .40 am
' Fort Valley 10:45 am
I Columbus ..10:50 atn
t L’lnclnnatl.. 11:10 am
. Columbus* .. '
t Blrmtnah’ra
) B'mtngh’m
) Charlotte ..
1 Mm on ....
1 New York .
\ Brunswick .
I Richmond .
I Kansas City 9:20 pm
5 Chattati’ga . 9 3R pm
} Columbus .10:20 pm
Fort Valley 10:25 pm
Cincinnati .11:00 pm
t Jacksonville (1:50 am
J Toccoa .... 8:10 am
3ft
Depart T
New York .12
Columbus . ft
Cincinnati . 6
Tort Valley, ft
Btrmlngh'm 6
Cliuttn'ga
Richmond
Kansas City
Brunswick
12 Richmond . 8
23 Kansas City 7
16 Brunswick . 7
Blnninuh'm 11
New York.. 11
38 N.
40 Charlotte .12
Mudn ...|l
Columbus
New York.
Chattn'ga
Birmiugli’m
Toccoa ...
Columbus
Cincinnati
Fort Valley, ft
Heflin
Macon .... ft
Washington
Jacksonville
Shreveport .11
Jacksonville 11
:1ft am
:20 am
:4U am
:30 am
:50 am
:40 am
:55 am
:0© am
Aft am
:S0 am
:01 am
:00 n o
':20 pm
:80 pra
:45 pot
:<10 pm
:lt) rm
:30 pm
:10 pm
:10 i m
:20 i m
:4ft rm
:30 pm
:4ft pm
:H(I pm
:10 pm
:10 pm
Trains marked thus (•) run dally except Run-
dav. _
Other train* run dally. Central time. C. tty
Ticket Office. No. 1 Peachtree Street.
LOST AND FOUND.
I>)ST^T6xT^utcPtire aruPrTm on road
between Atlanta and Grant ville,
between
May 7 Reward
ville, Ga.
S. Colley, Grant-
39-8-5
WHEA
May . .
J uly . .
Sept. . .
CORX-
May
l uly .
Sept.
OATS-
May .
July . .
Sept.
PORK
May .
July .
Sept. .
LARD-
May . .
July .
Sept. . .
Sept.
RIBS—
May . .
July . .
Sept. . .
High
T—
.89%
• 89%
.89%
.56%
.56
.56%
.10.27%
.19.32%
.19.12%
.10.92%
.10.80
.10.82 >4
.10.82%
.11.50
.10.97’
10.85
LiOW.
Close.
88% 88%
89 89
88% 883%
54% 55%
55% 55%
56% 56%
35%
4%
35%
34% 34%
34% 34%
19.12% 19.25
19.20 10.30
19.02% 10.12%
10.90 10.90
10.75 10.77%
10.75 10.80
10.75 10.80
11.35 11.60
10.92% 10.97%
10.77% 10.85
Prev.
Close
88%
89%
89%
54%
55%
56%
36%
35%
34%
19.22%
10.30
10.12%
10.90
10.76
10.80
10.80
11.37%
id. 97%
10.82%
Futures
May . . .
May-.I une
June-July
July-A ug.
Hug.-Sept
Sept.-Oct.
Oct.-Nov.
Nov.-Dec.
1 )♦ c.-Jan.
Jan.- Feb.
Feb.-Mch.
Mch.-Apr.
ipened steady.
Opening.
Range.
Closed very steady.
Prev.
Close. Close.
6.42% 6.38%
6.42 6.38
6.39% 6.36
6.80% 6.32%
6.26% 6.24%
6.13% 6.10%
6.06% 6.03%
6.04 6.01
,6.03%-6.02% 6.03 5.99%
.6.03 -6.02% 6.02% 6.00
6.04%-6.03 6.03% 6.00
.6.05 “ 6.04% 6.01%
.6.40%-6.40
-6.33b
-6.24
-6.06
section of Arkansas is fully 10 ]
ter cent
larger than last year.
Ninety i
er cent
of the crop is planted
and ind
[cations
point to a good stand.
This re]
>ort ap-
piles to western Arke
nsas am
Okla -
noma.
h was said \esterda
v that
'urolina
mills were calling for
cotton it
rather
large lots
• • •
Emphasis is centered
on n
•w crop
positions. The fear o
f the predicted
“squeeze"’ in July optic
n has t.
•on dis-
(•tinted for the moment.
11a> ward
Is favor-
NKW ORLEANS. May 8
A- Clark: "The weather mat
able. It shows cloudy In Alabama and
the Atlantic*. generally fair in the rest
of the belt vsitli warm and seasonable
temperatures, Nice rains at Meridian,
Miss . and scattered showers in Ala
bama and the Atlantic's, 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 central belt."
• * *
Washington announces that the cot
ton acreage report will be issued July 3.
Vicksburg, Miss., says: "With the
river fhlltng daily hopes are centered
on having planting operations in
full force next week In many places.”
• • •
The New Orl
says "Preponderance
opinion still favors
sequently the c<>t1
by the majorit >
< lines, and ‘wrong’
“For this reason
tions of yesterday'
the manipulator '
that the new crop
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
overshadowod by other things The bull
replied; 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
to the long side when there is a de
mand for actual cotton at prices well
above a future parity.'
"In other words, the man on the fence
may take his choice of the conflicting
uns
Times P
emocrat
tnoe
of professional
» the
: short side, con-
ton
market i:
* calk'd
‘right’ when
it de
whe
mi it adva
uces.
the
loudest c
•xplana-
*S H«
i vance w«
?re that
was
again al
work;
t is
doing as
well as
arguments. But the man *
is to prefer to regard
I as a scalping affair, and to
1 ingly.
I "I’p to last night, rains
Mississippi River had not rt
of the rif> olaces Rain s* c
the way. hut until it corn*
shorts must Inwardly ren
anxious seat, no matter r
they may appear outwardly.
in
fence
market
a coord -
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 $10,000,000 from
the nation’s vaults and scattering it
among hundreds of banks—this, too,
without any known suggestion from
the banks that Treasury funds should
be depleted. Gold that will do posi-
‘ive harm now might have been kept
in readiness to stem trouble later.
• • •
Bankers call this deplorable. But,
then, bankers are knaves, according
to President Wilson and hi# advisers.
Were they as anxious to “put the
Administration in a hole” as is some
times alleged, these bankers would
encourage the complete emptying of
the Treasury now, thereby destroying
the only weapon available to fight the
real trouble that is feared when rec
ord-breaking crops have to be har
vested and marketed. Knowledge that
the Government’s reserve had all been
used—misused—to foster credit ex
pansion would effectively incite disas
ter should emergencies arise.
• * *
Are bankers acting the part of un
scrupulous schemers when they urge
that the United States Treasury De
partment should conserve its re
sources at present, that the depart
ment should look across the Atlantic
and study what is going on there;
that it should take note of the arbi
trary withdrawal of millions of gold
from America to Europe when ex
change quotations do not justify such
action, and that the Secretary of the
Treasury should seek counsel from
those who have spent (heir lives ir
diagnosing domestic and interna
tional monetary developments?
The one saving feature of the posi
tion is that, despite certain published
| cl * .patches to the contrary, currency
i legislation WILL be brought forward
' this session.
HAYWARD Sc CLARK’S
DAILY COTTON LETTER
NEW ORLEANS. May 8. Liverpool
was good on futures on the buying of
new crops by the continent, but spot
sales dropped to a total of 7.000 bales, at
4 points higher quotations. A cable
said: "Have no decided opinion, hut
rather against the market, although
purchases are being made by the conti
nent at present prices of winter
months."
European government securities ar$
higher and there was no political news.
Political affairs now seem to he 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. (>ur market opened a few
points higher on the good Liverpool and
strength in New York, but soon eased
on private rain reports from the East.
Prospects of an unfavorable visible sup
ply statement to-morrow also affected
support. There is a suspicion, however
of professional intentions in New York
against the technical condition, the
market having supposedly become over
sold during tlie late period of menacing
politics. Liverpool forwardings for the
week are not even half as large as those
of last year, which points to a beatish
visible statement to-morrow.
Owing to the coming Whitsuntide
holidays in England, takings will be
small next week also, and visible com
parisons. consequently, unfavorable.
NEW ORLEANS COTTON.
Quotntions ln cotton futures;
CHICAGO CASH QUOTATIONS.
CHICAGO, May 8.—Wheat, No. 2 red,
99H@I0.24; No. 2 red. 95<®98; No. 2
hard winter. 91@92%: No. 3 hard win
ter. 90V4@92%; No. 1 northern spring,
90@91V4; No. 2 northern spring, 89{i!n.
No. 3 spring, 87@89. •
Corn—No. 2. 56® L ; No. 2 white. 58®
% No. 2 yellow, 56<S%; No. 3, 64%(ft
55%: No. 3 white, 57<fr%; No. 3 yellow.
55*/%; No. 4. 53%<S54%; No. 4 white,
56%#57; No. 4 yellow, 54#
Oats—No. 2 white. 36% fa 37; No 3
white. 35# 36; No. 4 white, 34%fft>35;
standard, 36%@%. ______
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
wav 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 semlrInvestment .basis.
1 "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
8 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
day and estimated for Friday:
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 f 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 and Hartford, which is now
under fire in an interstate commerce
investigation, made a slight fractional
gain.
Among the losses were United States
Rubber common %; United States Steel
common %; Union Pacific %; Chesa
peake and Ohio %, and Amalgamated
Cdpper %.
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 156. 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.
SPECIAL NOTICES.
Marshal Sales,
MINING STOCKS.
BOSTON. May 8—Opening: Boston
Corbin, 3; Girou*. 2‘,i: Boston Maine.
57>4; North Lake, 1; Allouez, 32.
Taft Ready to See
Free Trade Tested
‘Let’s Try It Out/ Former President
Says In Address to Yale
Students.
ITbursday.
Friday.
Wheat . . .
. . .1 86
49
Corn . . .
139
129
oats . . .
161
159
Hogs . .
. . .; 24.000
18.000
PRIMARY MOVEMENT.
Wll EAT—
Receipts
Shipment
C< )RN—
Receipts
Shipments
1913. 1912.
670,000 345,000
430,000 643,000
414,000 628,000
330,000 504,000
Open
c.
Low
Last
Sale.
s 1 t*
2 tS
rj | i.U
My
12.11
12.15H2.10T2.il
12.15-16 12.08-09
.In
10.99-011
Jly
11.96
11.96
11.90'11.95,
1.95-96’ 11.92-93
Ag
11.56
11.57
11.61111.551
1.55-57 11.63-54
Sp
1.23-2511.21-23
Oc
ii 13
11.14
11.07 11.12,
1.11-12 11.09-10
Nv
1.11-12 11.09-11
Dc
11.12
11.12
11.06 11.11
il.10-11 11.08-09
Jn
11.15
11.15
11.13 11.13!
il. 14-16 11.12-11
Kb
LI.11-14 11.07-09
Mh
11.23
11.28
11.23 11.23
11.20 ill .07
LIVE STOCK MARKET.
CHICAGO, May 8.—Hogs Receipts,
24.000. Market 5c lower. Mixed and
butchers, 8.20fa8.45; good heavy, 8.20@
8 40 rough heavy, 8.00(^8.16; light. 8.20
8 45 pigs, ft50fa 8.10; bulk. 8.25fa8.40.
Cattle—Receipts, 3,500. Market weak.
Beeves. 7.35@9.05; cows and heifers, 3.50
faS 40: stockers and feeders. 6.15@7.90;
Texans, G.oOfa'S.OO; calves, T.OOfaO.OO.
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(S9.00;
cows and heifers, 4.50@8.75; stockers
and feeders, 5.25@8.00; calves, 6.00#
10.50; Texas steers. 6.35#8.50; cows and
heifers, 4.00(ft7.00; calves, o.00@6.50.
Hogs: Receipts. 11,500; market 10 to
15c lower; mixed. 8.25@8.35; good. 8.20@
8.30. rough. 7.70#8.00: lights, S.26#8.35;
jug-. 7.00fa7.85; hulk, 8.20(88.60.
Closed firm.
PORT
RECEIPTS.
The following table shows receipts at
the ports to-day compared with the
same day last year:
I 1913. | 1912.
New Orleans. .
Galveston
Mobile
Savannah
Charleston
Wilndngton. . . . ■
Norfolk
Boston
Philadelphia. . .
Various 1
1.319
1.460
SI
2.376
1 96
540
100
1
1,135
1.771
1,168
175
373
757
-o
Tot Ill
6.374
5.313
INTERIOR
MOVEMENT.
1913.
1912.
Houston 1
sos
S3 9
Vugusta
153 i
1.497
Memphis.
341
1.173
St. Louis 1
1.321 i
1,619
Cincinnati. .
so:
1.266
1 ittle Rock. . . .
47
Total. . . . -
3.430
6.441
METALS.
NEW YORK. May S l
'he metal
market was dull t
o-da> . (V
>l>pcr. spot
to Tulv. ISfalnlt: lead. ‘.30 bid; spelter.
5.45«/ 5 55; zinc, 5.45fa5.56; tin, SO.OOfa
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 *130.
14 to i2%, finish with quai.ty, $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. $206
to $230.
16 hands, heavy cfcunk. weighing form
1,250 to 1,400 pounds. $255 to $330.
Horses.
Southern chunk horses, from $75 to
$110. s
Southern chunk, finish. $110 to $135.
Good driving horses, quality and finish,
ranging in price from $160 to $210.
Heavy draught horses, rough, $166 to
$210
Heavv draught horses, finish, $210 to
$300
COTTON SEED OIL.
Cotton seed oil quotations:
Opening Closing
Spot ....
May ....
J une ....
July ....
August . . .
September . .
October . .
November
December . .
Ti M8 crude
6.90 £
6.92
6 90 fa
6.94
6.95 fa
6.96
7.01 fa
7.02
7.01 fa
7.03
6 «9fa
6.71 :
6.4 2 fa'
6.44
6.S0{a
6.40
6.90(8 7.05
6.92 fa' 6.94
6.91 fa 6.93
6.96# 6.97
7.01 fa 7.03
7.02fa 7.04
6.70(8 6.73
6.40(36.44
6.30fa 6.38
6.00
Closed steady; sales 3,300 barrels.
NEW HAVEN, CONN., May 8.—“If
we are to have free trade, let’s have
it,” sai^ 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 Progressive**,” 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 u« who fall in this cate
gory must be content, but we must
never cease fighting.”
United States Marshal’s
Sale.
UNITED STATES OF AMERICA.
NORTHERN DISTRICT OF GEORGIA.
Will be sold on the first Tuesday in
June next, at publip 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 of
Georgia, being part of land lot fifty-one
in the 1.4th 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 north west corner of
Clark’s lot, running thence north
along the east side of Piedmont Avenue
forty-five feet to King’s lot, thence east
along King’s lot two hundred seventy-
four feet, more or less, thence south
parallel with Piedmont Avbnue 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 ol
lots one hundred twenty-eight and one
hundred twenty-nine, block twenty-
three.
Said property levied on as the prop
erty of David T. Howard, to satisfy an
execution issued from the Circuit Court
of the United States for the Northern
District of Georgia. February 22, 1910,
in favor of the United States against
John Williams and David T. Howard;
said property being in possession of
David T. Howard.
This first day of May, 1913.
W. H. JOHNSON,
United States Marshal.
5-1-34
LOST—Near West view’ Cemetery, a
pointer puppy; black and white, six
months old. Return to .T. B. Bowen, 117
S. Forsyth St. Reward. 6-8-14
FOUND on Druid Hills Road, a lap
robe, owner can get same at 14 Wil-#
Hams Street by paying for this ad.
5-8-24
LOST—Wednesday morning 17-Jewel.
gold case, Hamilton watch. Return 1o
E. W. Wallace, 30 Peachtree Street, care
Zakas’ Bakery. Liberal reward.
46-7-6
LOST—Small black purse. Comer Pry
or and Trinity Avenue, "Wednesday,
7th, about 8:30, containing $5 bill. Call
Ivy 5744-J. 6-7-25
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 64 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. 6-7-4
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 7326-J and receive liberal re
ward. 5-6-26
THE GENTLEMAN who picked up
glasses in front of Morris’ Store on
Decatur Street, leave at Morris' Store
and receive reward. 201-6-6
LOST—Fox terrier; black spot on eye:
age six months; name Chris. Reward
if left at 303 East Pine Street. 28-6-6
PERSONAL
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, artistic. $1
a year. The FOUR HUNDRED, 421
Kiser Bldg., Atlanta. Ga. 5-7-2
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
la.vt 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 Friday.
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 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.
Apply in person at training
school, 25 Auburn Avenue in the
Bell Telephone Exchange
TREMAINE i
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 w'hich 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 taxen for training at
the Randolph Company Hair Dressing
j Parlors, 58% Whitehall Street. 3-3-37
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
Atlanta, quiet; middling 11
Athens, steady; middling 11 \
Macon, steady; middling 11%
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 1194.
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 COFFEE MARKET.
Coffee quotations:
Opening. 1 Closing.
January . .
February. .
March . .
April . .
May . .
June . . .
July . . .
August
September
October .
November .
December
. |11.32@11.35
.111.34
. 11.35@11.39
11.36(511
11.77(511
11.388 11
11.38 rail
. 11.00 <@>11.10111.05(511
. 11.05 !ll.10@ll
.11.15 !U.17@11
. 11.23(511.35*11.27(511
. 11.34(511.35 11.37(511
. 11.30(511 35 11.36(511
. 11.30(5 11.35111.35011
.11.32 11.35(511
$ 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
833 Equitable Bldg.
Closed steady; sales 39,750 bags.
MONEY AND EXCHANGE.
NEW YORK. May 8.—Money on call
2%(a 2%. Time loans unchanged; 60
days. 3%®4; 90 days, 4; six months, 4%
(54%.
Posted rates: Sterling exchange. 4.84
8 4.87. with actual business in bankers'
bills at 4.8625(5 4.8630 for demand and
4.8295^4.83 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. ;;
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, and most
influential banks in the South it wants
only large accounts.
This is distinctly a mistaken idea. Al
though this is in every sense a “big"
hank, and many ‘‘big’’ accounts are han
dled here, small accounts are most cor
dially invited. The new depositor is as
sured of prompt, courteous attention;
and his account, however small, is given
as careful attention as the largest.
Why not make this YOUR bank?
Atlanta National Bank
The Oldest National Bank
in the Cotton States