Newspaper Page Text
MT Ji GOSSIP
IN MONEY IWS
This Particular Letter Being a
Discussion of the Value of
Travel.
« —————
By B. C. FORBES.
NEW YORK, June 20.—1 t does us good
to rub against our fellows. We are all
apt to slide into a rut and stay there,
harrowed in vision and fossilized in ideas.
A wise man once said that the best rec
reation was a change of work —meaning
to turn temporarily from fine subject to
another. He might have added that a
change of scene, a change of surround
ings and an exchange of views with other
minds would form an excellent substitute.
Nothing is more refreshing, more broad
ening. more stimulating and more pro
ductive of wisdom and toleration. It
teaches us that our own little groove is
not all-important; that other people have
rows to hoe and problems to solve, and
that what looms so tremendously large to
us may not, after all, affect the fate of
nations.
♦ • •
This lesson has been taught me afresh
by a week's tour in this country and Can
ada, during which the thoughts and con
cerns of many minds were imparted to
me. We in New York fancy that we are
overwhelmingly important. Some who
breathe the stock exchange air imagine
that the eyes of the whole country are
daily and hourly glued to the tape'that
curls from the floor of that institution.
As two-point rise in Reading or a three
point drop in Steel is weighted with tre
mendous significance—whereas it may re
flect only the fleeting whim of a ten
thousand-share operator.
• ‘ • *
One thing I learned, not without some
regret, is that Wall Street is grossly mis
understood and unduly maligned. Its
proper functions are not grasped, but its
foolish cgpers are well known and ap
parently interpreted as representing the
real work of our great financial mart —by
far the greatest mart on this side of the
Atlantic. Stock exchange houses have
been bewailing tbe absence of "public
trading." May not this falling off in
stock speculation prbve of far-reaching
benefit to the nation? No man is so sore
against Wall Street and all that the
phrase implies as the unfortunate fellow
who has been induced to speculate on
margin and has lost every cent. He is
an enemy of "finance” for life—even
though tlie fault was nine-tenths or whol
ly his own.
• • «
The man who merely invests in a legit
imate stock or bond and earns a steady
return on his money is not apt to rail
against capital and capitalists without
rhyme or reason. Happily, the United
States is today rearing more investors
and fewer speculators. This is of incal
culable value alike from a financial, a
political and an economic point of view.
♦. • •
We have been told from influential
sources of late that the people are net
bothering their heads over politics. This
a is ngj. 'true. Within the last ten days I
• bate talked with perhaps two hundred
people of all classes, from agricultural la
borers, railroad porters and waiters to
the heads of the principal railroads, banks
and industrial enterprises in the United
States and Canada, but in no stratum of
society did I find indifference to politics.
True, some of those higher up—including
< leorge M. Reynolds, president of Chi
cago's largest national bank, and Sir Ed
mund Walker, head of a Canadian bank
having some 130 branches- -explained that
ibe people were ready to go ahead irre
spective of politics, yet on closer ques
tioning they admitted that quite possibly
prosperity would not develop a goodly
pace until the political thunderstorms
abated. I had been told so often by New
York financiers that politics did not mat
ter a button that I had almost come to
believe it. Now I know from first-hand
that the people do still pay attention to
~ political disturbances and restrain their
' energies until they can better diagnose
the outlook.
• • ♦
’■* Farmers are losing heart over the treat
ment they receive from those who buy
certain of their products. The beef trust
is, of course, sharply hated—one did not
have to leave New York to find that nut
But there are equally bitter complaints
from up state over the way vegetables,
fruits and other commodities are handled.
That some sort of "ring" exists among
commission houses is firmly believed. At
tempts to find relief through changing
consignees have not been efficacious.
New York is urged to establish markets
that will be markets. In one city I saw
many housewives going home with bas
kets full of fresh vegetables and fruits
which had been bought off farmers'
wagons. The townspeople have first
choice, and the dealers are not allowed
to buy a dollar's worth until all private
demands have been satisfied.
♦ ♦ •
Will it console New York any to learn
> that in Canadian cities the outcry about
the high cost of living is quite as loud
Bit here? And to aggravate piatters there
rents have been artificially inflated by an
overdone boom in real estate -a boom
that will burst before long with disas
trous consequences. Gambling in real es
tate in Canada is more flagrant than
gambling in stocks in Wail Street. Os
congestion it: Canada, of upstate
‘optimism on business prospects and other
matters exercising attention elsewhere
| more will be said later.
4 VICTIMS OF WAYCROSG
CONFLAGRATION BURIED
\\ a YCHOSS, GA., June 20. -The funeral
of Mrs. Elizabeth English, one of the
three victims of the Tuesday night fire
on Tebeau street, was conducted today at
the First Methodist church by the pastor,
| Rev. Osgood F. Cook, interment being at
| Lott cemetery
1 Mrs. English is survived by three chil-
I dren. I_ ii.es English. George English and
Miss Margaret English! The latter two
> were in the building when the (Ire started.
I .lames was at Athens, where he had just
| finished a course in law at the University
I of Georgia.
The bodies of Mrs. Gamble and her boy.
I who died in his mother’s arms, were taken
I to Valdosta, het former home, for burial.
I’ TO CONSIDER BOND ISSUE.
WAYCROSS, GA., June 20.—A special
meeting of city council will be held next
Monday to consider a resolution calling
an election for the issuance of at least
| SIOO,OOO in bonds of public improvements.
f WAYCROSS GETS MEDICOS.
{ WAYCROSS. GA . June 20. The Elev
, .--nth District Medical association will hold
the last meeting of 1912 in Waycross in
November, according to action takfln at
the convention just held at SL Simons
uiand.
MAJOR LAIRD, OF
N.G.G..ISDFAD
Although But 39, He Had
Been in the State Militia
Twenty Years.
Major Mack E. Laird, of the ordnance
department, National Guard of Georgia,
and chief inspector of small arms prac
tice, died at his home, 803 Peachtree
street, early today. He had been ill for
several weeks, but showed signs of im
provement until Saturday, when a relapse
came.
Although but 39 years old. Major Laird
had served in the state militia for twen
ty years.
Graduating from Moreland Park Mili
tary institute in 1889, he entered the
Grady Cadets, formerly Company C, the
next year, and rapidly rose from a pri
vate to second lieutenant. He entered
the Atlanta Rifles in 1892 and served until
1898, when he was made first lieutenant
of the United States Volunteer ipfantry
during the Spanish-American war. He
remained in this capacity until mustered
out May 2, 1899.
Again Enters the Militia.
Returning to Atlanta he entered the Na
tional Guard of Georgia again and served
as private and corporal in the Governor’s
Horse Guard He was promoted to first
lieutenant and adjutant second squadron
of cavalry early in 1907, and served until
May, 1909, when he was made major and
inspector so small arms practice, first
first brigade. He was transferred to the
ordnance department in April, 1904, with
the rank of major, and held the position
until his death.
Major Laird was married to Miss Lottie
Brown, of Atlanta, in this city shortly
after returning from the Spanish-Amer
ican war.
Mrs; Ernest Irwin, of Mount Pleasant,
Tenn., and Mrs. Joseph Ellis, of Knoxville,
sisters, will arrive in Atlanta today to at
tend the funeral. Major Laird also is
survived by his mother, Mrs. Annie. Laird;
a brother, E. C. Laird, and a sister, Miss
Ja.ne Laird, all of Atlanta.
The funeral services will be held to
morrow morning at 10:30 o'clock at the
residence by Dr. Mallard, pastor of Jack
son Hill Baptist church. Interment will
be in Westview.
OAKHURST WANTS
TO BE TAKEN INTO
DECATUR’S LIMITS
At a meeting of the town council of
Decatur a delegation of citizens from
Oakhurst urged that their town be
brought into the Decatur limits. Sev- |
eral members of the council and prom
inent citizens of both towns have ex
pressed themselves as being much in
favor of the union.
This union would increase the popu
lation of Decatur to about 5,000. Oak
hurst has had a considerable growth in
the last few years, having increased
from a population of 239 in 1910 to
about 500.
The East Lake boulevard passes
through the center of the town and has
greatly increased property values.
The following committee has been
appointed by Mayor John Montgomery
of Decatur to consult with a similar
committee apopinted by Mayor Alex
ander of Oakhurst: C. D. McKinney,
chairman; Hooper Alexander, W. W.
Ward, John F. Green, G. B. Scott, L.
J. Steele, J. Howell Green.
The Oakhurst committee is composed
of F. M. Haphoidt, ehairnfan; Dr. J.
H. Phillips, W. V> Whitenbenburg, E.
A. Whitaker. J. R. Sullivan, E. Davis,
J. M. Farmer.
These committees will meet tomor
row night at the Decatur council cham
ber. ,
WOMAN GIVEN S7OO
ATLANTA PROPERTY
BY A GALLANT JURY
Mrs. Mary. Spikes has the gallantry
of a jury which refused to consider
her marital tangles to thank for a clear
title to Crow-ell street property worth
S7OO.
The jury in Judge Ellis' court de
cided that Mrs. Spikes was the rightful
owner of tbe property in the face of
the questions of title raised by J. D.
Bradwell, administrator of the estate.
Bradwel! charged in his original suit
brought against F. M. Coker and B. M.
Hubert, who as executors of Spikes'
property had given the house to Mrs.
Spikes, that the Spikes had never been
legally married. Mrs. Spikes asserted
in her answer that she had always
though l , she was married to Spikes, but
rested her claim to tlie property on the
fact that she had paid for it with her
own money. The jury upheld hes. and
declared it had ignored the marital
phase of the suit.
BUILDER 01 CANAL IS
GIVEN AN HONORARY
DEGREE AT HARVARD
BOaTON, June 20. -At Harvard com
mencement today the following honorary
degrees were conferred;
Doctors of Laws—William (.’. Forbes,
governor-general of the Philippines; Wil
liam Slocum, president of Colorado col
lege; George W. Goethals. engineer of
Panama canal.
Doctor of Letters—Kuno Francke.
curator of Germanic museum; Henry O.
Taylor, legal authority.
Doctor of Divinity- Lawrence P. Jacks,
philosopher; Williston Walker, theologian
doctor of science: Carlos de la Torrey
Huerta, naturalist: Benjamin O. Pierce,
mathematician; Frederick C. Shattuck,
teacher of medicine: Frederick Forcheim
er, writer.
ATLANTAN PREPARES TO
MAKE VAUDEVILLE DEBUT
Charles N. Head, an Atlanta musi
cian who last season was musical di
rector of Charles Cha plan's shows, left
today for New York, where he goes
to rehearse for his act in Keith and
Proctor's vaudeville for the coming
season. Mr. Head has been In Atlanta
for the last month visiting his slater,
Mrs. Fern Butler. 663 SJouth Pryor
street. With two other pianists. Mr.
head will be in a sketch called ‘The
Maniacs."
THE ATLANTA GEORGIAN AND NEWS.
NEWS AND GOSSIP ~
Os the Fleecy Staple
NEW YORK. June 20.—Carpenter. Bag
got & Co.: Liverpool more than met the
decline of yesterday and the selling
around the opening was rather general.
Mitchell was one of the prominent sellers
on the opening. The buying later by |
Freeman and Parrott is thought to be for
McFadden interests.
The weather continues good and senti
ment. bearish.
Tne Journal of Commerce says: "Cot
tor. sold has gone from weak interests
into strong hands. This is the judgment
of close observers.
Dallas wires: "Texas, western portion,
part cloudy; southern and southwestern
generally cloudy, balance clear cool.
Oklahoma generally clear and 'cool."
Following are 11 a. m. bids: July,
11.15; October, 11.42; December, 11.54;
January, 11.50.
Schill was a good buyer on the open
ing.
McFadden is said to be buying some
cotton through Pell.
Sentiment bearish: the ring crowd was
good sellers; the market looks lower.
NEW ORLEANS, June 20.-—Hayward &
Clark; Map shows splendid conditions;
fair entire upper two-thirds of the belt;
cloudy, cool in Atlantic districts; no rain
in eastern half; some scattered light
showers western half: indications are for
generally fair in belt except possibly a
few scattered showers in Atlantic coast;
warmer in Texas, Oklahoma, Arkansas,
Louisiana and Tennessee, Mississippi and
Alabama.
Comparisons of mill takings in Friday’s
visible supply will be very bullish as we
compare with takings for tlie week last
year of only 109,000. Weather news fa
vorable; the dreaded wet spell in Atlan
tlcs did not materialize; warmer weather
coming on west just as needed.
Estimated receipts Friday:
19)2. 1911.
New Orleans 100 to 200 335
The New Orleans Times-Democrat says:
Everything seemed to favi'.r the bearish
contention at the opening of yesterday's
cotton market, and low priced sentiment
gathered force with the progress of tlie
early session. Before the opening the tal
ent had an acreage decrease of only .54
of I per cent, promulgated by a leading
statistical authority. Then came • word
from a big operator, after a visit to
Texas, he felt convinced fthat state would
make 6.000,000 bales this year. At this
stage of the proceedings somebody whis
pered to the ring that the manifest bul
letin board had the real dope about the
transfer of tender cotton from Galveston
to New Orleans and the desperate des
monds started a procession thereto. The
bulletin' showed that the Eciid had
brought 254 bales, and the Elmonte 200
bales. Immediately wires sent out tip
ping off the country that plenty of ten
der cotton would be available in New Or
leans during July. Subsequently; inves
tigation revealed the fact that of the 454
bales brought by water from Galveston
to New Orleans during the railroad tie
up in the overflowed country, 198 bales
were consigned to a New Orleans export
er. who is credited with holding long
contracts in July. The remaining 258
bales are being shipped to six separate
Southern mill points in Georgia. South
Carolina and North Carolina. This in
formation checked the spread of bearish
sentiment, or rather called a halt on the
work of the enthusiast.
_ THE WEATHER 1
CONDITIONS.
WASHINGTON, June 20.—Weather will
be generally fair, without material change,
in temperafure tonight and Friday east
of the Mississippi river.
GENERAL FORECAST.
Following Is the forecast until 7 p. m.
Friday:
Georgia—Fair tonight and Friday; cool
er In southeast portion tonight.
Virginia—Fair tonight and Friday; not
much change in temperature.
North Carolina and South Carolina—
Fair tonight and Friday; cooler in south
east portion tonight.
Florida —Generally fair tonight and Fri
day; cooler in central and northeastern
portions tonight.
Alabama and Mississippi—Fair tonight
and Friday.
Louisiana and East Texas—Cloudy and
showers; warmer.
Oklahoma, Arkansas and West Texas
—Fair and warmer.
LIVE STOCK MARKET.
CHICAGO, June 20.—Hogs Receipts,
15,000. Market 10c@15c higher; mixed
and butchers, $7,200'7.65: good heavy,
$7.5507.67; rough heavy, $7.20@7.50; light.
$7.1507.55; pigs, $5.25@7.10: bulk. $7,450
7.60,
Cattle —Receipts. 3,500. Market strong;
beeves, $6,250'9.50; cows and heifers, $2.50
©7.00; Texans. $6.7508.40; calves, $7.25®
8.50.
Sheep—Receipts, 10.000. Market strong,
native and Western. $3.7505.35; lambs,
*4.500)7.75.
HELD FOR LURING GIRL.
SAYS HE WED HER HERE
SAVANNAH, GA., June 20.-—Jeff
Gaffney, the prize fighting actor, who
has been in jail for several weeks on
a charge of luring a vaudeville dancer
from Jacksonville, now claims that he
and the girl are married. According to
a certificate he has produced, he and
the woman were wedded in Atlanta
last January. The certificate bears the
signature of the ordinary of Fulton
county.
Gaffney's wife left him after their
engagement in Atlanta and went to
Jacksonville, and it was from there that
she was brought to Savannah by Gaff
ney.
COURT GIVES A.. B. & A.
PERMIT FOR $5,000,000
CERTIFICATE ISSUE
Judge Pardee, of the United States
circuit, court, today signed the petition of
tlie Atlanta. Birmingham and Atlantic
Railroad Company, asking permission to
issue 55.000.00 C wprth of receivers’ cer
tificates. They will be placed on the
market at once. More, than $3,250,000
of tlie notes will be used to pay up simi
lar certificates issued in 1909, and the
remainder is to be expended for improve
ment of trackage, enlargement of the
Atlanta yards and changes in the wharf
age facilities at Brunswick, Ga
ERECTING CARMACK STATUE.
NASHVILLE. TENN., June 20. Tbe
McNeel Marble works, of Marietta, <(a.,
has begun work on the pedestal for the
heroic statue to the iate Senator E. W.
Carmack. The site is in the state capi
tol grounds.
NEW YORK PRODUCE MARKET.
NEW YORK. June 20. Wheal steady;
July 1 12”i01.12%. spot No. 2 red 1.18
In elevator and 1.17% f- o. b. Corn
steady; No. 2 in elevator nominal, export
No, 2 80 f. o. b., steamer, nominal. No. 4
nominal Oats firmer; natural white 59
061, white clipped 60063. Rye quiet; No.
2 nominal f. o. b. New York. Harley
quiet; malting 1.1201.25 C. 1. f. Buffalo.
Hay Irregular; good to prime 1.2001.60,
poor to fair 1.1501.45.
Flour easier; spring patents $5.5005.90,
straights $5 0 5.50. clears 4.850 5.10, win
ter patents $5.9006.10, straights $6,350
5.45, clears $4.7505.
Beef firm; family $18018.50 Pork
strong; mess 120.500 21, family 120021.
I.a><l steady; city steam 10%© 10%, mid
dle West spot 10.85. Tallow stead) : city
tin bogjjlieads) 6%, country (in tierces)
6% 0 6%.
COTTON STEADY
DNEDDDBUYING
Commission Houses and Spot
Interests Best Purchasers of
Fleecy Staple.
NEW YORK, June 20. —The cotton mar
ket on the opening showed a net loss
from yesterday’s final of 5 to 11 points.
Liverpool cables came anout as expected,
with a good business in spot cotton. The
weather conditions reported splendid,
cloudy to cool in the Atlantic districts,
with the same scattered light showers in
the western half. The early trading was
moderate.
The bear pressure on the opening was
due to the favorable weather conditions
over the belt. This caused the sharp
decline shown on the opening. Shortly
after the opening heavy buying began to
set in by commission houses wtio usually
represent the uptown crowd and the Bell
interest. This buying caused prices to
take a jump covering tbe entire decline
made on the opening, with prices 5 to
14 points higher than the first quotations.
At the close the market was steady
with prices unchanged to 2 points under
yesterday's final.
RANGE IN NEW YORK FUTURES.
• k •_=: g •?
a —OM ° u ®
O K J utO 0,0
June I | | 111.12-1411.12-14
July 111.07 11.21111.07111.17111.17-18111.18-19
Aug. 11.20(11.30111.18|11.28lll.27-28'11.28-29
Sept. | | | |11.30|11.33-35111.35-36
Oct. |11.38;11.48T1.36i 11.46:11.46-46 11.45-46
Nov i11.46:11.46:11.46111.46111.51-52|11.50-51
Dec. 11.50 11.60|11.48|11.57111.56-57111.56-57
Jan. 11.49111.56111.46 11.54111.53-54111.54-55
Feb, | | | | 111.57-59 11.57-59
Meh. , 11.58'11.58|11.57|11.65| 11.64-65111.65-66
May |ll.70;11.70 11.62|11.63|11.70-72|U.72-73
Closed steady.
Liverpool cables were due 4(4 to 5
points lower. Opened steady at 4to 5
points decline. At 12:15 p. m. the mar
ket was steady at a net decline of 214 to
3% points on old crops and 4% to 5
points lower on new. Spot cotton in
good demand at 6 points decline; middling
6.59; sales 11,400 bales, Including 11,000
American; no imports.
Later cables were 1 point lower than
at 12:15 p. m.
Estimated port receipts for today 3,000,
last week 2,191; last year 622 and year
before last 4,925.
At the close the market was quiet,
with prices ranging 4% to 6*4 points
lower than the previous close.
RANGE IN LIVERPOOL FUTURES.
Futures opened quiet and steady.
Opening. Frev.
Range 2 P. M. Close. Closv
June . . 6.38 -6.39 6.37 6.41%
June-July 6.37 -6.38% 6.37 6.36% 6.41
July-Aug. 6.36 -6.37% 6.36% 6.36 6.41
Aug.-Sept 6.35%-6.37% 6.36 6.35 6.40%
Sept.-Oct. 6./0 -6.31 6.30 6.29 6.35
Oct.-Nov 6.24*4-6.25 6.24 6.23% 6.29%
Nov.-Dec. 6.22*4-6.22 6.22 6.21 6.27%
Dec.-Jan. 6.21%-6.22% 6.21% 6 20% 6.27
Jan.-Feb. 6.22 -6.23 6.21 6.20% 6.27
Feb.-Mch. 6.22% 6.22% 621 6.27%
Meh.-Apr. 6.23%-6.23 6.23 6.22 6.27%
Apr.-May * 6.23 6.29%
Closed quiet.
HAYWARD & CLARK'S
DAILY COTTON LETTER
NEW ORLEANS. June 20.—1 t was
feared that the cool wave might bring
extensive rains to the Atlantlcs, but de
velopments overnight were most favora
ble While there were further light show
ers in the western states, there was no
rain at all in the eastern half of the belt.
Indications are for generally fair weather
except possibly some precipitation along
the Atlantic coast. It will get warmer
over the western and north central belt
as required, and weather prospects are
Ideal.
Liverpool was decidedly easier. Our
market opened about 5 points lower, with
only small selling, as the opinion prevails
that the strong long interest in New York
is yet so large that the market must be
supported. In fact, such defensive sup
port appeared and caused a rally to 11.63
for October. Pell & Co. were reported
strong buyers. Another supporting fac
tor was the anticipation of very bullish
comparisons of mill takings in tomorrow's
visible statement, as last year’s takings
this week were only 109,000 bales. With
such a large crop as this season, we are
dealing with larger figures throughout.
However, as all correspondence shows
that mills have bought largely for re
serve stocks, it is, therefore, quite prob
able that final statistics this season will
show the greatest difference between tak
ings and actual consumption, more so
than in any previous year.
The into-sight for tlie week looks
around 35,000, against 31.591 bales last
year.
RAAIGE IN NEW ORLEANS FUTURES.
5 *■&. ► S’! 5 J’
o. 5 eras 2. E ®
O s J Jto U LU
June I I | 111 W 112708-09
July .12.04i12.10 12.02 12.07.12.07-08 12.09-10
Aug. 111.80 11.81111.80 11.81 11.81-83 11.83-84
Sept. I 1.....| 111.87-88'11.71-73
Oct. |11.56 11.66|11.55111.62,11.61-63il 1.60-61
Nov. ! I ! | i 11.61-63 11.61-63
Dec. 11.59:11.70:11.58 11.64111.62-64 11.63-64
Jan. 11.66 11.71111.62111.71|11.6»-70ill. 68-70
Feb. | I ■ I 111.71-73:11.71-73
Meh. 11.73|11.73,11.73:11.73,11.77-78 11.75-77
Closed steady.
SPOT COTTON MARKET.
Atlanta, steady; middling 11%.
New York, steady; middling 11,60.
New Orleans, easy; middling 12%
Liverpool, steady; middling 6.59 d
Savannah, steady; middling 12c.
Augusta, quiet; middling 12%.
Mobile, steady; middling 11%.
Galveston, quiet; middling 12 1-16.
Norfolk, steady; middling 11%.
Wilmington, steady; middling 11%.
Little Rock, quiet; middling 11%.
Charleston, nominal; middling 11%.
Philadelphia, quiet; middling 11.85.
Boston, quiet; middling 11.60.
Baltimore, nominal; middling 12c.
Memphis, steady; middling 12%.
St. I.ouis, steady; middling 12%.
Houston, steady; middling 12 15-16.
Louisville, firm; middling 12c.
COTTON MARKET OPINIONS.
Logan & Bryan: Market looks lower
on good weather and crop accounts.
Orvis Bros. We do not expect a re
vival of bullish endeavor.
Bally & Montgomery: Advise a con
servative course for the present.
Miller & Co.; The technical fabric of
the market very strong, and our prefer
ence is to buy into the market especially
December on weak spots.
Thompson, Towle <& Co.: If the market
is making some preparation for July con
tract. deliveries; further liquidation is pos
sible.
Hayden, Stone & Co.: Looks like a
fluctuating market for some time, with
bulk of opinion turning to the bearish
view.
J. S. Bache, & Co.: We look for a fur
ther decline unless unfavorable conditions
arise within the near future.
PORT RECEIPTS.
The following table shows receipts at
the ports today compared with the same
day last year: _■
New Orleans. . . . 344 I 181
Galveston 645 I 111
Mobile 156 I 3
Savannah 207 173
Charleston. i 8 1 ...
Wilmington 49 153
Norfolk 424 2
Boston I 11 2!>
Total I 1.874 622
INTERIOR MOVEMENT.
2 ~T~ 19127 | Till. _
Houston. ...... 181 I 28
Augusta. 274 | 1
Memphis 615 : 231
St. Louis ' 1,089 | 58
Sinclnnati. 337 180
Little Rock . ... : _ 7
Total I 2,496 | 505
THURSDAY, JUNE 20, Wl2.
STOCKS HIGHER
THAN IN WEEKS
Railway and Copper Issues
Show Greatest Activity in
Liberal Trading.
Sy CHARLES W. STORM.
NEW YORK, June SO.—A lethargic con
dition settled over the stoca market at
the opening, leaders waiting to see what
the outcome of the Republican national
convention in Chicago will be before un
dertaking speculative transactions on any
scale. Irregularity marked the quiet
trading which was carried on. Union Pa
cific reacted % from the high price of
168%; United States Steel common, after
touching Wednesday's final, receded %;
Northern Pacific, Great Northern Railroad
and Brooklyn Rapid Transit lost fractions.
Canadian Pacific was % off, while Lehigh
Valley's decline reached %
In the late forenoon heavy selling, said
to be thd result of dissatisfaction with
the developments at the Republican con
vention, caused declines ranging from 1
to 2 points in many Important Issues.
The selling was heaviest in steel and Le
high Valley, but pressure was also ex
erted against Union Pacific and the cop
per stocks. Interboro-Metropolitan was
exceptionally strong The Wabash issues
show’ed a steady tone.
Reading opened % higher, reacted.
The curb opened steady.
A firm tone prevailed In Americans and
in Canadian Pacific in London on 'small
transactions. English traders taking
their die from Wall Street are waiting
for political developments.
Stock market closed firm; governments
unchanged; other bonds steady.
Stock quotations:
(Last Clns |Pre»
STOCKS— High LowUSaie. Bld. Id's*
Amal. Copper. 87% "45% 87% .. ~86%
Am. Ice Sec 25%
Am. Sug. Ref. 130*4 130 130% . ..130
Am. Smelting . 86 84% 85% .... 85
Am. Locomo... 42% 42% 42% .... 41%
Am. Car Fdy.. 60 59% 60 .... 58%
Am. Cot. Oil 51%
Am. Woolen 28
Anaconda .... 44% 44% 44% . .. 44%
Atchison 107 106% 107 .... 106%
A. C. L 131% 138% 188% .. . . 137%
Am. Can 37% 35 37% .... 35*4
do, .pref. .. 118% 116% 118% .. .. 117
Am. Beet Sug. 74% 72% 74% .... 74
Am. T. and T. 146 145% 146 ....145%
Am. Agrlcul. . 61% 95% 61% .... 61%
Beth. Steel ... 37% 36% 37 .... 37%
B. R. T 88% 87% 88% .... 87%
B. and O ,108% 108 108% .... 108
Can. Pacific ..1265% 264% 265 ....265%
Corn Products j 15% 15 15% .... 14%
C. and 0 78% 77% 78% .... 77%
Consol. Gas . .1141% 140% UO% ....140%
Cen. Leather . 25% 25% 25% .... 24%
Colo. F.. and I.! 31% 30% 31 .... 30%
Colo. 50uth.... 1 39
D. and H I 167
Den. and R. G.l 19% 19% 19% .... 19%
Distil. Secur. . | 32
Erie I 35 34% 34% .... 34%
do, pref. .. 53 52% 52% .... 52%
Gen. Electric .171 170 170% .... 170
Goldfield Cons.l 4%
G. Western .. 18%
G. North., pfd.1133% 133 133% ....133%
G. North. Ore. 41% 40% 40%
Int. Harvester 120 119% 119%
111. Central ...| 20% 20% 20% . ... 20%
do. pref. ..I 59% 58%l 59% .... 58
lowa Central ’ 11
K. C. South... [ 25
K. and T : 28 27% 28 .... 27%
do, pref. .| . ...I .... 59%
L. Valley. . .174% 171% 174% ....172%
L. and N.. . .158% 157 %58 ....157
Mo. Pacific ~\ 31 137 137 . ...i 36%
N. Y. Central 1118%'117% 118 ....117%
Northwest.. .1135% Y35%|135% ....1135
Nat. Lead . .1 58% 57%i 58% ....I 57%
N. and W.. . .111% 1111% 111% ... 'lll%
No. Pacific . .1120 1120% 120 ....119%
O. and W. . .1 34% 34%l 34% ...J 34%
Penn 123% 123%1123% ....’123%
Pacific Mail . I I 33
P. Gas Co. . .1114 113%1114 ....1113%
P. Steel Car J 35 35 135 ... J 35
Reading . . .168 165% 168 ....1166%
Rock Island .' 25% 25 25%’ ...J 25%
do. pfd.. . .! 50% 50 ! 50% .... 50
R. I. and Steeli 24% 24% 24% .... 23%
do. pfd.. . J 79% 79% I 79%! . ...| 79
S. -Sheffield. .11 ....I ... .j 54
So. Pacific . .|llO% 1109%1110 ....1109%
So. Railway. . 28%i 28 I 28% .... 28%
do. pfd.. . .1 .... .. . .; I 73%
St. Paul. . .|104%>103%i104% ....[103%
Tenn. Copper : 45%, 45%| 45% ....' 45%
Texas Pacific I .... I ... . I 1 22%
Third Avenue | 39 I 38% 39
Union Pacific 169*4|167%i169% .... 168%
U. S. Rubber. 67 i 64%| 67 .... 64%
Utah Copper . 64% ; 64% 64% .... 64%
U. S. Steel . . 70%' 68%' 70% ....' 69%
do. pfd.. . . 110%1110%|110%| ....1110%
V. Chem.. . 48%! 48%[ 48%; ...J 48%
West. Union x ....: .... ...J ....I 8214
Wabash .... 4%; 4%l 4%( ... J 4
do. pfd.. . . 14% 13% 14% ....I 13%
West. Elec I ...., ....I ....I 72%
W. Maryland ’ . ...i ....I ...i 57%
Total sales, 397,000. x-Ex-dlvldend, %
of 1 per cent.
MINING STOCKS. '
BOSTON. June 20. —Opening: Smelting.
141%; Butte Superior, 49; Mohawk, 67%;
; Fruit, 205; Superior Copper, 40%; Han
cock. 36.
LOCAL STOCKS AND BONOS
Bia Askea
Atlanta A West Point R R .. ~5
American National Bank..., 215 °2O
Atlantic Coal & Ice common. 104 105
Atlantic Coal & Ice pref sj
Atlanta Brewing * I-e C 0... 174
Atlanta National Bank 320 330
Central Bank 4 Trust Corp 150
Exposition Cotton Milla m )gs
Fourth National Bank 260 -> BS
Fulton National Bank .<25 130
Ga Ry- & Elec, stamped.... 124 joJ
Ga. Ry. & Pow. Co., common 27 30
do. Ist pfd 89 g 5
do. 2d pfd.... 46 470
Hillyer Trust Company 135
Lowry National Bank 243
Realty Trust Company 1)()
Sixth Ward Bank n M % j Ol
Southern Ice common 71 - s „
'Third National Bank, new.. 220 225 '
Trust Co. of Georgia 225 £35
Travelers Bank & Trust Co.. 134 123
BONDS.
Atlanta Gas Light Ist 65.... 101 % 305
Georgia State 4%«. 19u .... m
Georgia Midland Ist 4« *n o
Ga. Ry * Elec. Co. 5s 101
Ga. Ry. ft Elec. ref. 5s 99 99x4
Atlanta C,. .soifdated 5s 102% ...
Atlanta City 3%5. 1931 91 92%
Atlanta City 4%5, 1921 102 103
Houthern Bell 6a »»%
NEW YORK COFFEE MARKET.
Cofteo quotations:
I Opening. J Closing -
January 1.3.880 1'3.95 13.94013.95
February 13 850,13.95 13.90018.95
March '13.93 13.96013.1*8
April 1.3.960 14.00,13.9804.09 j
May 13.96 '14.00014.01
June. . . . . . .1 113.600T5.64
July 13.50013.60d3 63013.64
August >13.60013.70,13.730 13.75
September >13.70013.80;t3.82013.83
October 13 80 ,13.84013.86
November . . 13 84013 90'13.880 18.90 1
December 13.85 ,13.94® 13.95
Closed steady. Sales. 36,250 bags.
POULTRY, BUTTER AND EGGS.
NEW YORK, June 20. Dressed poultry
quiet; turkeys. 13023; chickens. 18034;
fowls. 13015%; ducks, 19. Live poultry
firm; chickens. 30032; fowls. 14%; tur
keys. 13; roosters, 10; ducks, 13. geese. 10.
Butter steady; creamery specials, 25%
0 26%; creamery extras, 26%027: state
dairy, tubs, 22 0 26%: process specials, 25
Eggs firmer; nearby white fancy, 26©
27; nearby brown fancy, 22@23; extra
firsts. 22023; firsts, 18%019.
Cheese firm; white milk specials. 15;
whole milk fancy. 14%; skims, specials,
11%®12%; skims, fine, 1O%011%; full
skims. 6%©8%.
.ATLANTA MARKETS
EGGS Fresh country candled, 18019 c.
BUTTER—Jersey and creamery, in 1-lb.
blocks, 20%@25c; fresh country dull, 100
12%c pound.
DRESSED POULTRY —Drawn, head
and feet on, per pound: Hens 16017 c,
fries 25027 c, roosters B@loc. turkeys,
owing to fatness. 18®20c.
LIVE POULTRY—-Hens 40@45c, roost
ers 25035 c, fries 30050 c, broilers 20025 c,
puddle ducks 25@30c, Pekin ducks 40@
45c. geese 50060 c each, turkeys, owing
io fatness. 14@15c.
FRUITS AND PRODUCE.
FRUIT AND VEGETABLES- Lemons,
fancy. $4.5005 per box. Florida oranges.
$303.50 per box. Bananas, 3®3%c per
pound. Grapefruit, $506 per crate. Cab
bage, 101*/«c per pound. Florida cab
bage. $2@2.50 per crate. Peanuts, per
pound, fancy Virginia. 6%®7c. choice 5%
©6c. Beans, round green. $101.25 per
crate. Florida celery. $202.50 per crate.
Squash, yellow, per six-basket crates,
$1.2501.50. Lettuce, fancy, $1.25 01.50.
choice $1.25 01.50 per crate. Beets, S3O)
3.50 per barrel Cucumbers, $1.2501.50
per crate. English peas, per drum, sl®
1.25. New Irish potatoes, per barrel, $2.75
©3.00. Strawberries, 7010 c per quart.
Egg plants, $202.50 per crate. Pepper,
$1.750 2 per crate. Tomatoes, fancy, six
basket crates. $20’2.50: choice tomatoes,
$1.7502. Pineapples. $202.25 per crate.
Onions, $1.2501.50 per bushel. Sweet pota
toes, pumpkin yam. $1.01.25 per bushels.
Watermelons, $lOOl5 per hundred. Can
taloupes, per crate. $202.50.
PROVISION MARKET.
(Corrected by White Provision Company.)
Cornfield hams, 10 to 12 pounds average,
16%c. »
Cornfiell hams. 12 to 14 pounds average,
16%c.
Cornfield skinned hams. Hi to 18 pounds
average. 17%c.
Cornfield picnic hams, 6 to 8 pounds
average. 12%c.
Cornfield breakfast bacon. 23c.
Grocer style bacon (wide or narrow).
17%c.
Cornfield fresh pork sausage (link or
bulk) 25-pound buckets, 11c.
Cornfield frankfurters. 10-pound buck
ets, average 10c.
Cornfield bologna sausage, 25-pound
boxes, 9c
Cornfield luncheon bams, 25-pound
boxes, 11c.
Cornfield spiced jellied meats in 10-
pound dinner pails. 10c.
Cornfield smoked link sausage, 25-pound
boxes, 9c.
Cornfield smoked link sausage in pickle,
50-pound cans, $4.25.
Cornfield frankfurters in pickle. 15-
pound kits, $1.50.
Cornfield pickled pigs feet. .15-pound
kits, sl.
Cornfield pure lard (tierce basis). lij%c.
Country style pure lard, 50-pound tins
only, 11 %c.
Compound lard (tierce basis), 10c.
D. S. extra ribs, 11 %c.
D. S. rib bellies, medium average. 12c.
D. S. rib bellies, light average, 12%c.
FLOUR AND GRAIN.
FLOUR —Postell's Elegant. $7.75; Gloria
(self-rising, $6.50; Victory (finest patent).
$6.50; Faultless, finest, $6.25; Swansdown
(highest batent), $6.25; Home Queen
(highest patent) $6; Puritan (highest pat
ent) $6; Sun. Rise (half patent) sa.sO;
Tulip flour, $4.50; White Cloud (highest
patent) $5.75: Diadem (highest patent)
$5.50; Farm Bell. $5.40: Paragon (high
est patent) $6: White Lily (highest pat
ent) $5.75; White Daisy, $5.75; Southern
Star, $5.50; Sun Beam, $5.50; Ocean
Spray (patent), $5.50.
CORN—Tennessee white, red cob, $1.12;
No. 2 white. $1.07; cracked, $1.05; choice
Yellow. $1.05; mixed, $1.05.
MEAL—Plain 144-pound sacks. $1.00;
96-pound sacks, $1.02; 48-pound sacks.
$1.05; 24--pound sacks, $1.07: 12-polind
sacks. $1.09.
OATS—Fancy white clipped. 71c; fancy
white. 70c; mixed, 68c.
COTTON SEED MEAL -Harper, S2B.
COTTON SEED HULLS—Square sacks,
89.50 per ton.
SEEDS—(Sacked); German millet. $1.65;
amber cane seed, $1.60; cane seed, orange,
$1.35; Wheat (Tennessee’), blue stem,
$1.40; red top cane seed. $1.35; rye (Geor
gia) $1.35; Appier oats, 85c; red rust proof
oats, 72c; Burt oats, 75c: Texas rust proof
oats, 70c; winter grazing. 70c; Oklahoma
rust proof, 50c; blue seed oats, 50c.
HAY—Per hundredweight: Timothy,
choice large bales, $1.80: Timothy, choice
third bales. $1.60; Timothy No. 1, small
bales, $1.75; new alfalfa, choice, $1.65;
Timothy No. 2, $1.70; Timothy No. 1 clo
ver. mixed. $1.65; clover hay, $1.50; alfal
fa hay, choice, $1.50; alfalfa No. 1, $1.70;
alfalfa No. 2, $1.25: pcavlne hay, $1.20;
shucks, 70c; wheat straw, 80c; Bermuda
hay, SI.OO.
FEEDSTUFF.
SHORTS—Halliday white. 100-lb. sacks.
$1.90; fancy, 75-lb. sacks, $1.85; P. W.
75-lb. sacks, $1.80: Brown. 100-!b. sacks,
$1.75; Georgia feed, 75-lb. sacks, $1.75;
bran, 75-lb. sacks, $1.65; 100-lb. sacks,
$1.60; Homcloine, $1.75; Germ meal Honi
co. $1.75; sugar beet pulp, 100-lb. tacks,
$1.50; 75-lb. sacks, $1.50.
CHICKEN FEED- Beef scraps, 50-lb.
sacks, $3.50; 100-lb. sacks, $3.25; Purina
scratch, dozen pound packages. $2.35;
Purina pigeon feed. $2.35; Purina baby
chick, $2.30; Purina chowder, dozen pound
packages, $2.20; Purina chowder. 100-lb.
sacks, $2.15; Purina .scratch, 100-lb. sacks,
$2.15; Success baby chick, $2.10; . Eggs.
$2.20; Victory baby chick, $2.30; Vidor'-
scratch, 50-lb. sacks. $2.25; Victory
scratch. 100-lb. sacks, $2.15; Chicken Suc
cess baby chick, $2.10; wheat, 2-bushel
bags, per bushel, $1.40; Rooster chicken
feed. 50-ll>. sacks. $1; oystershell. 80e.
GROUND FEED —Purina feed. 175-Ib.
sacks. $1.90; Purina molasses feed. $1.90;
Universal horse meal. $1.80; Mono
gram, 100-pound sacks. $1.70: Victory
horse feed, 100-lb. sacks. sl*Bs; Milko
dairy feed, $1.80: No. 2. $1.75; alfalfa mo
lasses meal, $1.85; alfalfa meal, $1.65.
GROCERIES.
SUGAR —Per pound, standard granu
lated. 5%c; New York refined, 5%c; plan
tation. 6c.
COFFEE- Roasted (Arbuckle's). $24.25;
AAAA, $14.50 in bulk; in bags and bar
rels. $2.10; green. 19c.
RICE- Hea<r. 4%®5%c; fancy head, 5%
06%c. according to grade.
LARI* Silver leaf. 13%c per pound;
Soco, 9%c per pound; Flake White, 9%c
per pound: Cottolene. $7.75 per case:
snowdrift, $6.50 per case.
CHEESE Fancy full cream, 226.
SARDINES Mustard, $3 per case; one
quarter oil, $3.
SARDINES- Mustard, $3 per case; one
quarter oil. $3.
MISCELLANEOUS —Georgia cane syr
up, 38c; axle grease, $1.75; soda crackers,
7%c per pound; lemon crackers. 8c; oys
ter,7c; tomatoes (2 pounds). $2 case;
(3 pounds), $2.75; navy beans, $3.10: Lima
beans. 7%c; shredded biscuit, $3.60: rolled
oats. $4 per case: grits (bags), $2.20; pink
salmon, $5.10 per case; pepper. 25c per
pound; R. E. Lee salmon, $7.50: cocoa,
38c; roast beef, $3.80; syrup, 30c per gal
lon; Sterling ball potash, $3.30 per case;
soap, $1.5004.00 per case; Rumford bak
ing powder. $2.50 per case.
SALT —One hundred pounds, 49c; salt
brick (plain), per case, $2.25; salt brick
(medicated), per case, $4.85; salt, red
rock, per cwt., $1.00; salt zone, per case,
50-lb. sacks. 90c; Gru-Crystal, 25-lb.
sacks, 80c; 50-pound sacks. 29c; 25-pound
sacks. 18c.
caaHKMT
Will fiive Vau Protection
and Convenience at
Low Cost
Let us show you what
it will mean to you to
equip your office with
this up-to-date equip
ment.
GOOKIN BANK & OFFICE EQUIPMENT CO.
PHONE IVY 456. 115 N. PRYOR ST.. ATLANTA.
GHfIINS GO HIGHER
JS SHORTS COVER
Wheat Advances 3-8 c to 7-Bc,
With Corn and Oats Follow
ing-Cables Firm.
ST. LOUIS CASH QUOTATIONS.
Wheat- No. 2 red 107 0107%
Corn 73%© 74
Oats 52%@ 53
CHICAGO, June 20.—Wheat was quiet
and a shade lower soon after the opening
on selling by longs and a lack of buying
power.
Northwestern receipts were smaller,
while the Winnipeg run was larger.
Liverpool was higher and shorts covering
in the pit.
Corn was a shade lower, with trading
dull.
There was a weaker feeling for oats on
better crop conditions and somewhat
heavier receipts than looked for.
Hog products were iow-er, although hogs
were a shade higher.
After an early dip wheat ruled strong
all day. There was no bullish news of
importance, but short selling had evident
ly been overdone.
Corn was strong during the entire ses
sion on good buying.
Oats displayed little strength early, but
firmed up later.
Provisions were inactive and without
feature.
CHICAGO GRAIN MARKET.
Grain quotations:
I’rev.
Open. High. Low. Close. Close.
WHEAT
Jly 1.05% 1.06% 1.05% 1.06% 1.05%
Spt 1.03% 1.04% 1.03% 1.04% 1.03%
Dec 1.04% 1.05% 1.04% 1.05% 1.04%
CORN—
July 72 73 71% 72% 71%
Sept 71% 72% 71% 72 71',
Dec. 62% 62% 62% 62% 62%
OATS—
July 48% 49% 48% 49 48%
Sept. 40% 40% 40 40% 40%
Dec. 41 41% 40% 41% 40%
pork -
Jly 18.75 18.77% 18.67% 18.75 18.72%
Spt 19.07% 19.10 18.97% 19.10 19.02%
t.ARD-
Jlv 10.95 10.97% 10.95 10.97% 10.97%
Spt 11.15 11.17% 11.12% .11.17% 11.15
Oct 11.22% 11.25 11.20 11.35 11.22%
RIBS—
Jly 10.50 10.52% 10.50 1.0.52% 10.52%
Spt 10.70 10.72% 10.62% 10.70 10.70
CHICAGO CAR LOTS.
Following are receipts for Thursdat and
estimated receipts for Friday:
IThtirsdny.l Friday.
Wheat 7 . 3 10
Corn ■ 247 301
Oats I 91 133
Hogs I 17.000 15,000
PRIMARY MOVEMENT.
WHEAT— I IM 2 I Dll
Receipts I 276.000 I 297,000
Sb i pments ! 242,000 j 185,000
CORN— I i
Receipts 668.000 I 637.000
Shipments > 392.000 i 625,000
LIVERPOOL GRAIN MARKET.
Wheat opened %d higher: at 1:30 p. m
was unchanged to %d higher. Closed un
changed to %d lower.
Corn opened %d to %d higher; at l;30
p. m. was %d to %d higher. Closed
unchanged to %d lower.
ATLANTA LIvE STOCK MARKET.
(By W. H. White, Jr., of the White Pro
vision Comoany.)
Quotations based on actual purchases
during the current week:
Choice to good steers, 1,000 to 1..200. 5.75
©6 75; good steers. 800 to 1,000, 5.5006.25;
medium to good steers, 700 to 850, j.OOtlo
5 75- good to choice beef cows, 800 to 900.
("504( 5 50: medium to good beef cows. 700
to 800 4.00 0*5.00; good to choice heifers.
750 to 850. 4.7505.75; medium to good
heifers. 65(1 to 750, 3.7504.7a.
The above represent ruling prices on
good quality of beef cattle. Inferior
grades and dairy types selling lowar.
Mixed common steers. If fat. 700 to SOI.
S 4 000'4.75: mixed-common cows, if fat, 600
to 800 $3.6004.25: mixed common bunches
to fair. 600 to 800, 2.75@3.50; good butch
er bulls. 3.2504.00
Prime hogs,. 100 to 200 average. 7.40©
7 60' good butcher hogs, 140 to 160, 7.200
7410: "good butcher pigs. 100 to 140. 6.75®
7 00; light pigs. 80 to 100. 5.5006 c; heavy
rough hogs. 200 to 250. 6.50@7c.
Above Quotations apply to corn-fed
hogs. Mast and peanut fattened hogs. I©
l%c and under.
NEW YORK GROCERIES.
NEW YORK, June 20.—Coffee steady:
No. 7 Rio spot. 14%. Rice firm; domestic,
ordinary to prilrie. 4%®5%. Molasses
steady; New Orleans, open kettle, 35045
Sugar, raw. steady: centrifugal, 3.86:
muscovado. .3.36; molasses sugar, 3.11; re
fined quiet; standard granulated, 5.1.5; cut
loaf, 5.90: crushed. 5.80; mold A, 5.50:
rubes, 5.35. powdered, 5.20; diamond A.
5.10; confectioners A, 4.95; No. 1, 4.95;
No. 2, 4.90; No. 3, 4.85: No. 4. 4.80.
COTTON SEED OIL.
Coton seed oil quotations:
1 opening <;io->n»
Spot -| I 6.70
June 6.8207.05 I 6.81416.89
July . . .. .1 6.8306.84 i 6.8108.83
August ... . 6.920695 I 6.9106.9:’,
September 7.0407.05 I 7.0207.04
October I 6.9806.99 I 6.95 0 6.97
November . 6.550 6.58 I 6.5006.54
December .... 6.4806.55 I 6.4606.47
January 6.4806.52 ! 6.47©6.50_
Closed steady; sales 12.800 barrels.
25-pound
25-pound
Atlanta Audit Co.
Public Auditors
and Systematizers
ATLANTA and TAMPA
19