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TITE ATLANTA OEOliOTAN AND NEWS. Your Home Club Price Is Pay Me the Balance $2.50 Per Week lU.- JOIN NOW NOW WE’LL HAVE A WHISTLE WHERE WE USED TO HAVE CROW American Corporations Able Only to Float $123,140,000 of New Securities in May. MAY OUTPUT OF NEW SECURITIES railroads. Change q , „ 1913. from 1912j Bonds $13,966,500 —$42,851,150 56,124,000 * 6,424,000 btock — 23,140,000 Total $72,390,500 —$59,567,500 INDUSTRIALS. Change a , 1913 from 1912. Bonds .. $.3,000,000 —$31,180,000 notes 24,250,000 * 19,720,000 St ° c k 23,500,000 — 10,550,000 Total $50,750,000 —$22,010,000 G'd total .$123,140,000 — 81,577,000 ♦Indicates increase 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 $766,918,000, 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 $776,913,000 $465,357,000 Financing *s 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 rfod«r the raising of new capital ^oubly 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 monttr of in'st 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 raise capital— as distinct from temporary loans amply secured by Stock Exchange collateral—And 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 1,466.50ft Louisville & Nashville .... 4.000,000 Midland Valley 4,500,000 Total $13,966,500 Railroad Notes. Ann Arbor $ 750,000 Boston St Mains 12,000,000 Boston & Maine 5,000,000 Chicago, Rock Island & Pa cific 4.500.000 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 St X^jght 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 M.ssiss’ppl River Sc Power $2,500,000 Rolland 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 2,000,600 United Fruit 12,000,000 Walpole Tire Rubber (50,000 Total $24,250,000 Industrial Stocks. -^.moripu rt-.Tf> bO-CLlAA . . iA-AJOdjUliU Assistant Secretary of Agri culture Dr. B. V. Calloway will shortly make experiments to try to put the “soft pedal” on the crowing of roosters. It is said It can be done by a simple operation of remoying one of the fowl’s vocal chords.—News Item. Oh, I’m the guy that put the ‘‘sell in selzer. And I put the “whiz” in whisky, too. But when I took the "lick” from liquor Everybody said that I was through. But next I put the “sin” in Cin cinnati; (“Oh, yes, I’m quite a booster) And now that I’m a wee bit batty, I’ll take the crow from out the rooster. ♦Note to Editor—that’s no Joke. HY’S HUMOR (?) ][., H TTLI ?C mu liJl'UuK. o~/' : TOWN But This Cat Didn't Have Nine Lives. The tragic death of a cat has caus ed seme 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 neat 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 gill weeping over th^ 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” 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 4Mngs 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 hand*. The six big negroes bad just filed in. By-Products Coke 1,000,000 Canadian Car St Foundry'.. 9,000,000 Consolidated Gas. Baltimore 3,500,000 Consumers’ Chemical 500,000 Dominion Steel Corporation 2;50ft.000 Maxwell Motor 6,000,000 Nova Scotia Steel & Coal . . 1,500,000 Regal Motor 2,600,000 FACE FOB TABOO AT FETE Vi? American Women to Take Promi nent Part in Gorgeous Costume Ball in London. LONDON. June 4.—Exclamations of dismay were heard in society cir cles here to-day when it became known that it will be considered incorrect for ladies attending the great histor ical costume ball, “A Fete at Ver sailles," to wear face powder. Inas much as representatives of most of the royal courts of Europe are to be present, and the event to be held at Albert Hall to-morrow is under the direct patronage of Queen Mary and the Queen Mother, society was forced to smile away its annoyance and comply. * The reason for taboo is that the use of powder as part of a lady’s toilette did not come into fashion until after the periods of Louis XIV and the costume ball is supposed to be. a reception by that monarch at Ver sailles. The fete is conducted In aid of the Soldiers’ and Sailors’ Society, and will be one of the most gorgeous balls ever given in London. Lady Paget a Leader. Lady Paget, an American, will have charge of the arrangements for the French Court, wh’ch is to receive all of the visiting royalty. 'Count Sau- marakoff Elston will portray Louis XIV. Marie Therese, his Queen, who was the daughter of Philip IV of Spain, will be represented by the Countess of Dudley. Prince Paul of Servia will take the part of the Dau- phine of France. Albert Paget will be the officer of the guard in close attendance upon Louis XIV. Among the women In the Court of France will be Ladies Crewe, Des- borough, Islington, Helen Vincent, I Diana Manners, Castlereagh and In - | gestre, the Baroness E. De Roths child, Mrs. Cecil Bingham and Mrs. W. B. Leeds, the last two Americans. Sir Herbert Beerbohm Tree, famous English actor, will represent one of the cardinals. Other Amerioan Women. Other Americap women who will appear In costume are the Duchess of Marlborough, Lady Newborough, Mrs. Schwab and Mrs. James McDonald. The costumes for the French Court will be most elaborate. Masculine at tire reached the highwater mark of magnificence during 1680. The men in the Court will wear embroidered brocades, 3tlks and satin. 1 ', and in the seams of their coats will be sewn pearls and other jewels, all surmount ed by enormous periwigs. Output of Pig Iron Sets a New Record 1 NEW YORK, June 4.—A new ^llgh record in pig iron output was regis tered in May—close to 6,500 tons a day. Merchant furnaces’ production probably averaged 28,000 tons a day. This indicates that the country Is now producing pig metal at the rate of $34,000,000 tons a year. Steel ingot output, too, next to the' October, 1912, production, was the largest in the history of the indus try. The United States Steel Cor poration alone produced approximate ly 1,600,000 tons. “Gary Dinner” Held To Help Stem Panic NEW YORK. June 4.—An explana tion of the reasons for the famous “Gary dinner” during the 1907 panic was given by Judge Elbert H. Gary when he resumed testimony in the Government’s dissolution suit. Gary testified it was realized the price of steel was a barometer of business conditions. To prevent any demoralization of steel prices and forestall any further panic, Gary said, the dinners were given, after which steel manufacturers were exhorted to hold up the price of steel. OBITUARY. Mrs. Eliza Boyd, aged 73 years, died at her home, 33 Inman Avenue, Tuesday night. She is survived by her husband, B. C. Boyd; a son, John Reynolds, and a daughter, Mrs. J. C. DeFoore, of Augusta, Ga. The body will be sent to Augusta for burial. Mother’s Advice To Her Daughter A Real Live Dolf to Fondle Is Woman’s Greatest Happiness. nouikt, aua perouix nor to go uiruimu uir ( period happy in mind, free In body and thu* ' (WUned to anticipate women's area test happl < nv*s as nature intended she should. Tbs action of Mother’s Friend make* the ( muscle* free, pliant and raaponslve u expen < 1 ston Thus all «trair and tension upon the < I nerves and ligament* Is avoided, and. In place < of a period of dtocomfort nod consequent dread, ( ft to a season of calm and Joyful ex- * pecUQ—. Th«r« Is no naneea, no morning sicknoas. no ( nervous twitching, none of that cooatari* strain ; known to so many women, hence Mother’s J Friend is really one of the greatest blessings < thut could be devtoed. This splendid and oertain remedy can be < had of any druggist at $1.00 a bottle, and is < sure to prove of inestimable value, not only ‘ finon ‘ the mother, bnt upon the health aftd \ future of the child. Write to Bradfleld Regu , lator Co.. 1.12 Lamar Bldg . Atlanta. Oa., for ' their book to expectant moUurs. OUR CLUB PIANO * rj , For Out-of-Town Customers FILL OUT COUPON AND MAIL Regular Price $375.00 Cillb Price $267.50 fitSPl’e^Week' CONDITIONS: No.interest, one year’s trial and exchange privilege, 15e WEATHERHOLT PIANO CO., Atlanta, Ga. Gentlemen: inclosed please find $10.00 membership fee (first cash payment), for which shiD to my address your Club Player-Piano at once. Including bench, scarf, 12 rolls of music and free delivery, with the un derstanding 1 can pay balancer in $10.00 monthly payments. rebate on payments made before due, free life insurance feature, ten- year guarantee. Name All of which accompany In writing the sale of every Club Piano. Address • Total ... .......... *,«. .. .S23.50d.009 ‘ v^»rr lerholt Piano Company The South’s Foremost Piano House” 72 North Broad St. Weatherholt Building Atlanta, Georgia.