Newspaper Page Text
THK ATLANTA OEOKGIAN AND NEWS,
F
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,
■ apd 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 56,424,000 * 6.424,000
Stock — 23,140,000
Total .. $72,390,500 —$59,567,500
Bonds
Notes .
Stock
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 — 81,577,000
•Indicates increase
$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
have had their faith gravely 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 $55,000,000
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
year 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 rajse 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 & Light 1,466,500
Louisville & Nashville .... 4,000,000
Midland Valley 4,500,000
Total $13,906,500
Railroad Notes.
Ann Arbor . .. s $ 750,000
Boston Mains 12.000,000
Boston & Maine 5,000,000
Chicago, Rock Island & Pa
cific
Lake Shore & Michigan >.. .
Louisville & Nashville
Massachusetts Electric v ...
Missouri, Kansas & Texas. .
■( New Orleans Railway <£r
Light ..
New York Central
Southern Pacific
St. Louis Southwestern ....
”1
3S
It
]L U T T1 -ns
'"OR
of' ifilw
"moWN
But This Cat Didn't
Have Nine Lives.
The tragic death 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.”
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. Rut 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 xiins.
On his way to town he rolled into
one of the “rare” mud 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 pa.^t he threw his
feet over his desk neitt morning and
lighted a cigar. A gentle knock at
the door did not disturb him but
when he looked around he threw up
his hand*.
The six big negroes had just filed
in.
4,oo7).ooo
5,000,0jD0
5,000,000
674,000
Jacobs’ Liver Salt
On Arising
and You’ll
Enjoy
Your
Breakfast
Total $58,424,000
Industrial Bonds.
Northern Mississippi River
/ & Power $2,500,000
Holland Paper Co., Ltd 500,006
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 JTruit 12,000,000
Walpole Tire Rubber 750,000*
250,000
Total $24,
Industrial Stocks.
British-American Tobacco ..$5
By-Products Coke 1
Canadian Car Foundry.. 9.
Consolidated Gas. Baltimore 3,
Consumers’ Chemical
Dominion Steel Corporation
Maxwell Motor
Nova Scotia Steel & Coal ..
Regal Motor
ITS PRAISE OF
Judge Speer Speaks
at Gordon Exercises
Amateur Production at the Grand
Draws Brilliant Assemblage.
Fine Work Shown.
To the Players’ Club Atlanta so
ciety is dotting 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- I
day evening by the Players’ Club.
En masse the social world of At
lanta gathered at the Grand to view, i
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 j
could be paid the Players’ Club than
that accorded by Miss Gladys Han- |
son, the Belasco star.
“It was wonderful,’’ Miss Hanson
exclaimed as she left the Grand. “1
enjoyed every moment.”
The play had to do with the infat- I
nation 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. a« 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, vho 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 roI$ was weil
presented. He affected to a science
the English attitude of calm and de
liberation.
No less perfect than their masters
and mfi'trepses of the night were the
underlings of the Manor House. Miss
Prism, the governess, enacted by Mrs.
Henry Bernard Scott: Merriman. th<
butler, by Tom Donaldson, and L ine,
the manservant, by Frank Taylor.
Hamilton Douglas, Jr., as the Rev.
Cannon Chausu-ble. D. D., brought
forth many laughs by his ecclesiastic
timidity under the strain of events'.
BARNESVILLE, GA„ June 4.—Gor
don eommenCemtn exercises are being
attended by many visitors. Dr. R.
E. Douglas preached the commence
ment sermon. Contestants In the
sophomore declamation content were:
D. L. Stockbridge. Atlanta; G. H.
Ridley, Ridley; Miss Clarice Wood.
Barnesvillo; R. E. Hamilton, Aribl; J.
H. Donaldson, Blackshear; Howard
(’oilier, BarnesvHle; Miss Albee 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-ol 1
son of City Engineer Dingle, wan ac
cidentally shot and killed to-day while
playing with a friend. Willie Humme.
Thief Sentenced to
Have Hair Clipped
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.
We Close Saturday at 1 P.
. RICH & BROS. CO.
l
*r,
Newly Low Prices to Clear All Suits |
3
Your Usefulness Ends
When Your Eyesight Fails
Your Most Valuable Possession—They Bring
All the Beauties of Nature to You
D
k O YOUR EYES ache when you read? Do the
words become blurred? Does the sunlight
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 w'hether or not you need
glasses?
Your Eyes C-irefully 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
3
3
1
i
fym
What Do You Know
About Atlanta?
<| This is not a frivolous question. You may have lived here forty
and yet not know the Atlanta of to-day. For instance
years
Atlanta has
limits.
190,000 population within her
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 postoffiee
than $1,250,000.
receipts arc more
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 factoi’ies employ nearly 25,000 hands.
Atlanta has more than 200 miles Ui paved
streets.
Atlanta has 250 miles of sewers.
Atlanta has 450 miles of sidewalks.
Atlanta has 200 miles of street, railway.
Atlil
t
i has 58 public schools with an
mt of 23,000 pupils.
enrol I-
Atlanta uses 26,000 telephones.
'S-lagr
Total
$23,500,000
Gives Up Her Life to
Save $10 in Stocking
CINCINNATI, June 4.—Mrs. Vera
Fchurina is dying in a hospital here
from burns received when she gav^
first attention to the rescue of $10
^hidden in her stoc king 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.
t) appetite in
the morning? Bil
ious? Headache?
Best thing in the
world for you is
Jacobs’ Liver Salt.
Bad breath, bil
iousness, constipa-
tion. flatulence,
daytime drowsiness, wakefulness at
night, mean FOOD-POISONING. Undi-
gosted food, fermented, is doling out
poison f" 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
top notch.
Jacobs’ Liver Salt is the business
•nan's best stimulant 23c, delivered
anywhere.
Ail Jacobs’ Stores
And Druggists Generally.
These are just a few of the interesting facts
about GREA TER A l LANTA
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 offers is
Peachtree Heights Park
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
Or, see us.
Let us show it to you.
\3
J*
Cr;
25
i
■2
35
I
3S
I
3
5S
■ &
Zm
. *»
. fa
i ne time Iris come to say good-bye to all our woo
in all—each, a suit that should have brought its full
suits inevitably remain, and these are they. Ineludec
Russian blouses, cutaway coats, straight front coat
ponges, Bedford cords, suitings and novelties. Lead-
livery suit finds itself grouped under one of these four
%
i
•5
55
£
Materials are serges, <
ing colors and black,
prices: •
$10
for suits that
sold up to $25.
suits. There are 121
original price. But some
are Bulgarian and
s, plain or draped skirts.
$23.50 ! $16.85 j $28.75
for suits that for suits that for suits that
sold up to $50. ' sold up to $39.50 I sold up to $75.
$8.50 to $12
Dresses at
i :r $g.85
fabrics
Charmi
styles i n a e-
lightfullv fresh
and attractive
and patterns.
Included are all linen
dresses in halt 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.So.
Ratines—in
blue. Simple
styles.
white or
one-piece
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 Indestructo
line would usually lie welcomed. Yet in this June Sale
of Trunks and Leather goods,
Every Indestructo Trunk in
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 j/
Trunks, all Underpriced a full /3
All English kit bags arc just half price.
All fitted bags worth up to $65 arc $24.75.
Va
i
§
I
i
i
1
£
•7
1
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 lx*st 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)
$3.50
Just 5 More Days of
the Big Linen Sale
Linens, Tabic 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 ? 3 C fi
Formerly 50c to 75c, now at
Tlie 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. Ail the neckwear
fairly fresh and attractive. Choice, 23c.
(Neckwear—Main Floor, Right)
A “Not-lo-Be-Missed” Opportunity in Laces
<1.49
for the fashionable lie.vre, darn and shadow lace flouncings, 15 to
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.
20c to 35c Laces at 10c
10c
Point de Paris
Normandy
French
Calais
The above val laces in edges and inserting*, in white
anc j real tints; also shadow laces in edges only. Widths
from 3 to 5 inches. Choice to-morrow, 10e.
75c to $1.25
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)
BIS
7ign
S3
T 12icShirtingChe v i o t sThurs da y
Heavy quality shirting cheviots,
linen finish, in stripes and check styles;
US inches wide.
9c
i
>=2
£ 35c Heavy Mercerized Damask
Save lOe yard on this heavyweight
mercerized damask; fin# luster finish; in
2 five choice patterns; 58 inches wide.
jJB
5 18c Galatea Cloth Thursday ^
-5 Full standard quality of soft finish!
w (tainted doth; choice stripes, dots and -
2jJ figures.
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 -
men collars, slightly soiled; OC
lay-down Doz>
mi
1m
g More r .f flite Goods Thursday
Lot includes dimity stripes and lace
=2 effect. Value, 10c yard.
A" 25c Mercerized Curtain Scrim
Yard-wide mercerized curtain scrim
2JJ in white yr Arabian color.
m 22c Hemstitched Pillow Cases
Heavy quality cotton:
bleached; size 4.">x.'iti.
snow white
E PIVFPQ PPAI TV rn £ 12k Seersucker Gthghams
• Y JL4IW ILXi-i2“LJL« k k VVi \v„, u 11.r twn.:„ii,i ,.,w..nT7X
8 West Alabama St.
New shipment two solid eases on sale
Thursday; full standard quality: in
nurses’ stri|>es and cheeks; warranted
fast color.
5c
19c
17c
8c
All pur
sizes. UVUd, 10%, 1
and stand™# 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
Is.
Linene
Suiting
Japanese crepe toilet
satin finish; large rolls.
15c
Full yard wide, natural color only,
linoiu* suiting: soft finish; looks and
wears like all linen.
75c Nottingham Lace Curtains
Full 2'A yards long Nottingham lace
curtains, in white or Arabian.
M. KICK & BIvOS. 00. M M. RICH & BEOS. CO.