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# , 1 THE ATLANTA GEORGIAN AND NEWS, American Corporations Able Only to Float $123,140,000 of New Securities in May, By B. C. FORBES. Only $123,140,00 of new securities were issued by American corpora tions during: May. This Is $81,577,000 short of the total for May, 1912. Since January 1 the total output of bonds, notes and stocks by rail roads, traction, industrial, mining: and miscellaneous companies has been $766,913,000, a decrease of $465,357,000 as compared with the figure for the first five months of 1912. Not one dollar's worth of railroad stock was floated during the whole of last month, a fact heavy with sig nificance. Five Months' Record. The year’s record of new issues, and comparisons with last year, reads as follows: Output. Decrease. January ... $198,105,000 $142,895,000 February ... 132,362,000 185,470,000 March 148,829,000 1,621,000 April 164,477,000 53,788.000 May 123,140,000 81,577.000 MAY OUTPUT OF NEW SECURITIES RAILROADS. Change 1913. from 1912. Bonds ... $13,966,500 —$42,851,150 Notes 66,424,000 * 6,424,000 Stock — 23,140,000 Total ...$72,390,600 —$59,567,500 Bonds Notes Stook . INDUSTRIALS. Change 1913 from 1912, .. $.3,000,000 —$31,180,000 ....24,250,000 * 19,720,000 ... 23,600,000 — 10,550,000 Total . . .$50,750,000 —$22,010,000 G’d total .$123,140,000 — 81,677,000 •Indicates increase o T [ T1T-J Of ll'» 111 E r,» $776,913,000 $465,357,000 Financing is being postponed wherever possible. An unusually large proportion of the 1913 output has been for refunding operations or to pay off maturing obligations. The net ad dition to railroad and industrial cap ital outstanding has been much less than the total flotations of $766,913,- 000 would suggest. And let me here state very em phatically that the St. Louis & San Francisco Railroad receivership will render the raising of new capital doubly difficult, for security holders ' ,a ^ their faith aravely shaken. The European Market has been shocked by the extraordinary episode and threatens to boycott American is sues unless foreign investors receive the fullest redress. During May two-thirds of the coun try's new capital issues took the form of short date noes. This is a most unhealthy sign. The railroads could find a market for less than $14,000,000 bonds, as contrasted with more than $."5,000,000 in the corresponding month of last year. Notes were resorted to with such freedom that their total flota tions reached $58,600,000. Industrial corporations put out eight times as many notes and bonds and $20,000,000 more than a yea i- ago. The world’s money markets are still uncomfortable at bottom. Su perficial ease here and abroad may mislead those who are not familiar with what is going on under the surface. Thos who try' to raise capital— as distinct from temporary loans amply secured by Stock Exchange collateral—find how hard it is to ob tain even moderate sums. Dawn Still Delayed. I have been calling attention for nine months to the basic monetary conditions throughout the world and urging extreme prudence in run ning into debt and in assuming avoidable obligations. Unfortunate ly, daylight cannot yet be descried. It is to be hoped very fervently that Congress will take up currency legislation in earnest and provide, with all possible ‘speed consistent with conservatism, the machinery for avoiding monetary stringency. Meanwhile, a further decline In new capital issues and quieter trade should afford some relief preparatory to the fall demands for crop mov ing. Before then, however, there may be a mild flurry abroad and at home before the enormous July 1 require ments can be financed. The following Is a detailed list of the new offerings in May: Railroad Bonds. Chicago City Railway $1,500,000 Chicago, St. Paul, Minneapo lis & Omaha 2,500,000 Commonwealth Power, Rail way A Light 1,466,500 Louisville & Nashville .... 4,000,000 Midland Valley 4,600,000 Total $13,966,500 Railroad Notes. Ann Arbor $ 760,000 Boston & Mains 12.000,000 Boston & Maine 5,000,000 Chicago, Rock Island & Pa cific 4,600,000 Lake Shore & Michigan . .. 10,000,000 Louisville & Nashville 6,500,000 Massachusetts Electric .... 3,100,000 Missouri, Kansas Texas.. 1,900,000 New Orleans Railway & Light 4,000.000 New York Central 5.000,000 Southern Pacific 5,000,000 St. Louis Southwestern .... 674,000 Total .$58,424,000 Industrial Bonds. Northern Mississippi River & Power $2,500,000 Holland Paper Co., Ltd 500,000 Total $3,000,000 Industrial Notes. Elk Horn Fuel $4,000,000 General Petroleum 3,000,000 Pacific Light & Power .... 2,500,000 Union Oil Co. of California 2,000,000 United Fruit 12,000,000 Walpole Tire Rubber 750,000 Total ^24 Industrial Stocks. British-American Tobacco ..$5 By-Products Coke 1 Canadian Car & Foundry. . n Consolidated Gas, Baltimore Consumers’ Chemical Dominion Steel Corporation Maxwell Motor Nova Scotia Steel & Coal .. Regal Motor ctf ; ifce IN But This Cat Didn’t Have Nine Lives. The tragic eath of a cat has caus ed some very hard feelings in a prom inent neighborhood of Atlanta. Also It has brought out in harsh contrast man’s innate antipathy and woman’s deep love for the little animals of the velvet paws. And while the cat has failed to reveal the proverbial nine lives, the Incident of his death has immortalized him in the annals of gossip. His history began at the recent pure food show when he won the blue ribbon. He was a blooded Persian and the property of one of Atlanta’s most popular young women. His prize greatly endeared him to his mistress but when she sent a collect telegram to her father in New York telling him of the wonderful event the father winced and said, “Scat. 1 Innocent of his cunning neighbor, a blue jay built a nest in a tree in an adjoining back yard. The spoiled feline thought the birds his just prey, and they would have been except for the noise. Those birds fought a bat tle royal to protect their home early each day. And the fight grew more and more intolerable to the sleeping neighbors of the owners of the cat When sticks, old shoes and garden hose failed to dislodge the proud Persian from the tree of the bird nest one of the neighbors applied a par lor rifle. He thought he had killed just an ordinary old alley Tom. But when he returned at lunch and found the beautiful young girl weeping over the dead body in the alley he knew that trouble was ahead. All that saved the situation was the father of the pet lover. He laughed in his sleeve that the purring beast was gone. The names? Well, the neighbor hood feeling is too acute. Gossip will have to give you that. They All Asked Pay For Pulling Him Out. A young Atlantan, whom his friends all envy because he owns an automobile, declares he should be pitied. A few nights ago he went calling in Inman Park. Some boys found his car in the street and when the young man started to leave he was horrified to find his seat filled with horizontal pins. On his way to town he rolled into one of the “rare" mild holes in At lanta’s streets and found himself se curely stuck. He called a half-dozen loafing negroes to his rescue and when they had pulled him out he very nonchalantly requested them to call at his office next morning and he would pay them. Congratulating himself that his ex periences of the night before were things of the dead past he threw his feet over his desk next morning and lighted a cigar. A gentle knock at the door did not disturb him but when he looked around he threw up his hands. The six big negroes had just filed in. ITS PRAISE IF Amateur Production at the Grand Draws Brilliant Assemblage. Fine Work Shown. Jacobs’ Liver Salt On Arising and You’ll Enjoy Your Breakfast ,250,000 ,000.000 ,000,000 ,000,000 ,500,000 500,000 ,500,000 000,000 ,500,000 600,000 Total .$23,500,000 t> Gives Up Her Life to Save $10 in Stocking CINCINNATI. June 4.—Mrs. Vera Bchurma is dying in a hospital her« j from burns received when she gav>- first attention to the rescue of $10 hidden in her stocking when her clothes caught fire after a lamp ex ploded in her home last night. Had she tried first to put out the, fire her life would have been spared. mm W/// 1VT y INo appetite in the morning? Bil ious? Headache? Best thing in the world for you is Jacobs’ Liver Salt. Bad breath, bil iousness, constipa- t i o n. flatulence. daytime drowsiness, wakefulness at night, mean FOOD-POISONING. Undi gested food, fermented, is doling out poison to the system. Jacobs’ Liver Salt instantly flushes the alimentary tract with water, sending a cleansing stream through it from all parts of the system. Packed, clogging matter is loosened and with the fermen tation washed away, pressure is re moved. liver and kidneys resume their natural cleansing processes of elimina tion. No forced action, as with calo mel and severe purgatives; never a grip ing pain or nausea. Take Jacobs’ Liver Salt on arising. It is effervescent and stimulating. You feel better at once, good appetite for breakfast and good digestion; that dull heaviness vanishes and your brain is clear and quick. Keeps one up to the ton notch. Jacobs’ Liver Salt Is the business -nan's best stimulant. 25c. delivered anywhere. All Jacobs’ Stores And Druggists Generally. To the Players' Club Atlanta so ciety is doffing its hat—and its bon net. In boudoir and in club, the topic of conversation was never swollen to such extremity of delight as that in spired by the presentation of "The Importance of Being Ernest?’ Tues day evening by the Players’ Club. En masse the social world of At lanta gathered at the Grand to view, be it said, with a critical eye its Thes pian element in Oscar Wilde’s ex cruciating farce. The production was a splendid suc cess. Perhaps no greater compliment could be paid the Players’ Club than that accorded by Miss Gladys Han son, the Belasco star. "It was wonderful,” Miss Hanson I exclaimed as she left the Grand. "I enjoyed every moment.” The play had to do with the infat uation of two young English girls, the Hon. Gwendolyn Fairfax and Cecily | Cardew, for the name of Ernest. Yet, while each was vowing she would marry no man of another name, the first fell In love with John Worthing ton, J. P., and the other with Algernon Moncrief. Many complications ensued. No dowager from “dear old Lon- ’on” could have wielded her lorgnette or English with more hauteur than did Mrs. John Marshall Slaton. As Lady Bracknell, whose dignity bowed only before Croesus, Mrs. Slaton proved herself more than an amateur before the footlights. Mrs. William E. Owens, as Cecily Cardew, drew much praise. Her dainty, whimsical personality seemed to fall readily into line with her part. Tall and stately, with not a whit less English appearance than the others, was Miss Hildreth Burton- Smith, who essayed the role of the Hon. Gwendolyn Fairfax. Miss Smith upheld with her statuesque presence the title which she bore and por trayed. For love of the Hon. Gwendolyn, Marsh Adair, in the role of John Worthington, J. P., upheld the heavy part of the male cast of the play. In the trying situations into which the embroglio threw the drama, he forged great wreaths of excitement about him and threw them across the foot lights into the audience. Lamar Hill’s juvenile role was well presented. He affected to a science the English attitude of calm and de liberation. No less perfect than their masters and mistresses of the night were the j underlings of the Manor House, Miss J Prism, the governess, enacted by Mrs. Henry Bernard Scott; Merriman. the butler, by Tom Donaldson, and Lane, the manservant, by Frank Taylor. Hamilton Douglas. Jr., as the Rev. Cannon Chausuble. D D., brought forth many laughs by his ecclesiastic timidity under the strain of events. Judge Speer Speaks Thief Sentenced to at Gordon Exercises Have Hair Clipped BARNESVILLID, GA., June 4.—Gor don commencemtn exercises are being attended by many visitors. Dr. R. E. Douglas preached the commence ment sermon. Contestants in the sophomore declamation contest were: D. L. Stockbridge, Atlanta; G. H. Ridley, Ridley; Miss Clarice Wood, Barnesville; R. E. Hamilton, Aribl; J. H. Donaldson, Blackshear; Howard Collier, Barnesville; Miss Aibee Over- street, Barnesville; Miss Louise Eng lish, Barnesville. Judge Emory Speer will deliver an address Wednesday morning. Grad uation exercises will be held Wednes day. BOY KILLS PLAYMATE. CHARLESTON, S. C., June 4.— James H. Dingle, Jr., the 13-year-oi l son of City Engineer Dingle, was ac cidentally shot and killed to-day while playing with a friend. Willie Humme. CLEARFIELD, PA., June 4.—"I sentence you to have your hair clip ped once a month for a year,” said Judge Smith to Harry L. Drew, of this city, who was charged with larceny and bail jumping. Drew, who is very vain of his hair, begged the judge to send him to jail, but spare his hair. The court re fused. House Will Mark Time Until June 23 WASHINGTON, June 4.—An agree ment has been reached between the House leaders to transact no partisan business until June 23. Meanwhile the House will take re cesses for three days at a time and the currency committee will work on a currency bill. Your Usefulness Ends When Your Eyesight Fails Your Most Valuable Possession—They Bring All the Beauties of Nature to You D O YOUR EYES ache when you read? Do the irritate your eyes? Do \you see little spots after working at something that requires close applica tion? If so, nature is warning you. She is telling you that you are using the strength of your eyes faster than she can supply it. Rest glasses may be all you need. See us to-day for an examination. Delay and you may seriously impair your sight. We have made a specialty of examining eyes and fitting them with proper glasses for many years. Isn't it worth your while to know whether or not you need glasses? • We Close Saturday at 1 P. M• I M. RICH & BROS. CO. ^ c ' --■■■■'II ■ . ■ ji Newly Low Prices to Clear All Suits jji The time lias come to say good-bye to all our wool suits. There are 121 5* .J in all -each, a suit that should have brought its full original price. Tint, some suits inevitably remain, and these are they. Included are Bulgarian and jE 5 Russian blouses, cutaway coats, straight front coats, plain or draped*skirts. 3e Z Materials are serges, eponges, Bedford cords, suitings and novelties. Lead- 5b S colors and black. Every suit finds itself grouped under one of these four J prices: $10 for suits that sold up to $25. $23.50 $16.85 $28.75 for suits that for suits that for suits that sold up to $50. I sold up to $39.50 i sold up to $75. §5 i 1 $8.50 to $12 Dresses at chn r ™ p$r.85 styles i n d e- ^ light fully fresh ^ and attractive fabrics and patterns. Included are all linen dresses in half a dozen different styles. Belted and beltless, "V" and regulation, neck styles; some with lawn collars, others with self-em broidered collars. White, natural, brown, pink, lavender. Choice $5.85. Ratines—In white or blue. Simple one-piece styles. Crepes—a very pretty style is bestrewn with flowers, trimmed with silk girdle and white maline. Voile—a white voile is developed of wide em broidered voile flouncings. Very smart. Lingeries—white linge ries, lace inserted: others embroidery trimmed. Choice $5.85. (2nd Floor) Prospective Travelers Find Here Just the Luggage They Need and Save a Fourth to a Third Where practically everything in stock is reduced it is hard to specialize on any particular value. A reduction of any kind on any trunk in the Indestrueto line would usually be welcomed. Yet in this June Sale of Trunks and Leather goods, Every Indestrueto Trunk in i / Stock is Reduced a full /\ The famous Mendel trunks also are always considered good values at their regular prices. Yet in this sale we have a Solid Car Load of Mendel t/ Trunks, all Underpriced a full /3 All English kit bags are just half price. All fitted bags worth up to $65 are $24.75. Your Eyes Carefully Examined by an Eye Specialist. YOU GET PERSONAL ATTENTION. SPECIAL ATTENTION GIVEN TO CHILDREN’S EYES. WE INVITE A COMPARISON OF PRICES, AS WE POSITIVELY DO NOT PAY COMMISSIONS TO ANYONE. L. N. HUFF OPTICAL CO., Inc. Builders of Fine Spectacles and Eyeglasses. 70 WHITEHALL Two Stores 52 W. MITCHELL * Adjustable Dress Forms at $5.98 A boon to home dressmakers. These forms can be adjusted to any size, insuring perfect measurements throughout. The form is constructed of best materials, is firm and rigid, and will last forever. Almost in dispensable to women doing home sewing. All sizes, $5.98. for non-adjustable dress forms in all sizes from 32 up. (Notions—Center Aisle, Main Floor) u I $3.50 What Do You Know About Atlanta? <| This is not a frivolous question. You may have lived here forty 'fjm years and yet not know the Atlanta of to-day. For instance Jusl 5 More Days of the Big Linen Sale Linens, Table Napery, Towels, Bed ding, etc., all reduced. Price bars go back June 11th. If you don’t act now, you can’t share later. Let-Go” of Neckwear 23 Formerly 50c to 75c, now at"*** The neckwear business flourishes here because we always have a constant stream of fresh, attractive neckwear forever flowing through. To keep the channels of trade open at one end, however, we must free them at the other. That is why to morrow we “clearout” all the odds and ends of 50c and 75c neckwear at the LET- GO price of 23c. Choose from jabots, chemis ettes, Sunshine collars, stocks, waists sets and novelties. White and colors. All the neckwear fairly fresh and attractive. Choice, 2.3c. (Neckwear—Main Floor, Right) Atlanta has 190,000 population within her limits. Atlanta is growing at the rate of 15,000 new population every year. Atlanta is building 2,000 new homes within and adjacent to her city limits every year. Atlanta’s annual bank clearings are approxi mately $700,000,000. Atlanta’s bank deposits are, in round figures, $32,000,000. Atlanta’s annual postoffice receipts are more than $1,250,000. Atlanta’s real estate transfers aggregated $35,995,710 in 1912, while mortgages and loan deeds went up to nearly $12,000,000. Atlanta put up $10,000,000 worth of new build ings the last twelve months. Atlanta has more than $50,000,000 invested in manufacturing plants. Atlanta’s annual manufactured products are worth around $55,000,000. . •Atlanta factories employ nearly 25,000 hands. Atlanta has more than 200 miles of paved * streets. * Atlanta has 250 miles of sewers. Atlanta has 450 miles of sidewalks. Atlanta has 200 miles of street railway. Atlanta has 58 public schools with an enroll ment of 23,000 pupils. Atlanta uses 26,000 telephones. These are just a few of the interesting facts about GREATER ATLANTA How many of them are familiar to you? And, again, we might ask, are you familiar with the fact that the prettiest, most attractive and highest class residence section At lanta oilers Is Peachtree Heights Park to 5 A “Not-To-Be-Missed” Opportunity in Laces I il A f° r fi ie fashionable lierre, darn and shadow lace flouncings, 15 to /I U 27 inches wide. Cream and white. Not a yard in the lot would usually sell • * for less than $3; most of the laces would sell for $4, $5, $6 and $7. We have a big lot to sell to-morrow at just $1.49. 75c to $1.25 IQ' Flouncings The material is a sheer white Swiss; the embroidery is in charming designs of eyelet, Irish or shadow. 45 in. wide. (Laces—Main Floor, Right) 20c to 35c Laces at 10c 10c Point de Paris Normandy French Calais The above val laces in edges and insertings, in white and real tints; also shadow laces in edges only. Widths from 3 to 5 inches. Choice to-morrow, 10c. ECONOMYmSfMENT 3 UzcShirtingCheviotsThursday Heavy quality shirting cheviots, linen finish, In stripes and check styles; 28 inches wide. 35c Heavy Mercerized Damask Save 10c yard on this heavyweight mercerized damask; fine luster finish ; in five choice patterns; 58 Inches wide. 9c 25c If you will investigate, you will be convinced. Ask YOUR OWN real estate agent about it; ask him to show it to you. Your impartial judgment is all we ask 18c Galatea Cloth Thursday ^ Full standard quality of soft-finishl 9,/* Galatea cloth; choice stripes, dots and A figures. IZ More White Goods Thursday i Or, see us. Let us show it to you. 1 E. RIVERS REALTY CO. 8 West Alabama St. Lot includes dimity stripes and lace effect. Value, 10c yard. 25c Mercerized Curtain Scrim Yard-wide mercerized curtain scrim in white or Arabian color. 22c Hemstitched Pillow Cases Heavy quality cotton; snow white bleached; size 45x36. 121c Seersucker Ginghams New shipment two solid cases on sale 1 Thursday; full standard quality: in nurses’ stripes and checks; warranted fast color. 5c 19c 17c 8c \jmtm, ECONOMY BASEMENT 25c Men’s Pure Silk Socks 30 dozen men’s all pure silk socks with double sole and toe, high spliced heel; black and colors; 9 to 11. 39c Allover Embroideries 20-inch allover fine embroideries in new pretty designs. 15c Men’s 4-Ply Linen Collars All pure linen collars, slightly soiled; sizes, 14, 16, 16%, 17, 17%; lay-down and standing style. 12 l-2c Standard Brands of Muslins Fruit of the Loom, Lonsdale, Hill’s and Cabot; all soft finish for the needle; yard wide. 50 Doz. Sterling Bleached Sheets Splendid 50c sheet, full 72x90 size; made with a wide hem, shrunk finish; ready to use. 6 Big Rolls of Toilet Tissue for tissue; soft sn; large roils. 15c Linene Suiting Full yard wide, natural color only, linene suiting: soft finish; looks and wears like all linen. 75c Nottingham Lace Curtains Full 2i/ 2 yards long Nottingham lace curtains, In white or Arabian. 19c Doz. Japanese crepe toilet satin finish; large roils. M. RICH & BROS. CO. ftWMM M. RICH & BROS. CO. ft*, Mi