Newspaper Page Text
ffll AND GOSSIP
IN MONEY MARTS
*
Being an Explanation of Cer
tain Ramblings in This
Column.
By B. C v FORBES.
XE\V YORK, July it behooves the
strong to temper their strength with
mercy Are the great powers of the
world dealing considerately with China at
this delicate stage in the childhood of the
Oriental republic? Are the international
bankers who hold in the hollow of their
hands the financial life of China acting
with statesmanlike magnanimity? Or are
they bent upon taking advantage of
China’s dire necessities?
» * * '
Relations between state departments
and financiers have become so close--so
interwoven— during the last three years
that it is often difficult to distinguish
where diplomacy ends anti banking opera
tions begin. • 4
■‘Dollar diplomacy” has its usee. But'
It is so susceptible of abuse, it lends itself
P n readily to insinuations. It so easily
arouses suspicions, that every step taken
should be accompanied by the fullest pub
licity. The day has passed, as some of
the world’s most eminent ambassadors
have admitted, for throwing a veil of sec
recy over negotiations in which the pub
lic are as keenly interested as the gov
ernments concerned. Are not the public,
in the final analysis, the government in
ail democratic nations? The need for let
ting in the light upon negotiations which
have a financial end is peculiarly urgent
in these latter days, especially in the
rnited States, where there are constant
Innuendoes that Washington is too close
to Wall Street.
• • •
The American people have not been
taken into the confidence of the home
bankers associated with the proposed
5300.000,000 Chinese loan. Such informa
tion as has been gleaned has come from
Europe and from China, the tenor of dis
patches from the former being usually in
contrast with the ones emanating’ from
Pekin. If. therefore, the widespread feel
ing that China has been harshly treated
I? not well founded, whom have the bank
ers to blame? High Finance must know
that its every act, particularly in conjunc
tion with the state department, is eagerly
aimed by that not inconsiderable section
of the people which has an uneasy feel
ing that dollars are apt to prove more
powerful than diplomacy. Can High Fi-
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HOLMES & LUCKIE REALTY CO.
Phones 226, Bell Ivy 4157. 34 N. Forsyth St.
EXCEPTIONAL BARGAINS IN HOMES.
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GEORGIA HOME AND FARM COMPANY,
114 CANDLER BUILDING. PHONE IVY 5767.
BUNGALOW IN BATTLE HILL
ON GREENSFERRY AVE., between Inman and Wellington
streets, brand-new, up-to-date bungalow. 6 rooms, sidewalk,
ohert street, sewer down and paid for, hot and cold water
plumbing, combination fixtures, well elevated. Tou cant
beat this for $2,750.00. $300.00 cash. $20.00 per month. Will
rent for $21.60 per month.
J. N. LANDERS
"12 Austell Buildink. Phone, Main 3422.
HOME SEEKERS
ARE YOU in the market for a home? If so, it will be to your interest to confer
with us at once. LISTEN: Do you own a lot anywhere in the city or sub
urbs paid for or half paid for? If so. lat us build a house on it to suit your ideas
trd arrange terms like rent or easier. Houses we build range second to nona Vi
point of workmanship, material and beauty. Ask our customers Plans atul
specifications will cost you nothing.
GATE CITY HOME BUILDERS
REAL ESTATE AND BUILDERS
809 Third National Bank Building. Phone Ivy 3647.
THE HOUSE you will build, buy or rent will not be a
modern home unless it is wired for Electricity.
4 iB-2t>
Railroad Schedule
WUTHER N ~'R AJ L wTy'
r CARRIER OK THE SOUTH"
ARRFVAL AND DEPARTURE OF
PASSENGER TRAINS. ATLANTA
• • following schedule figures nr» pub
as Information, and are not
* jatan teed:
. Arrive From— No. Depart To— I
- Y. 5:00 an> 36 New Y.12:16 am
;ax vine, 5:20 am 30 Col'bus 5:20 am
, 'as ton 5:25 am 13 Cinct 5:30 am
Sh port. 6:30 am 32 jr ort v . 5:30 am
• A Hie 6:50 am 35 B’bam 5:45 am
"a, 8:10 am 7 Chat ga 6:40 am
'/‘in. 8:20 am 12 R'mond 6:65 am
. ■Y. 10:30 am 23 Kan. C. 7:011 am
.. ' 'ga 10:35 am 16 Rrun'k 7:45 am
Mar...n 10 40 am 29 B’ham 10:45 am
10:45 am! 38 New Y 11:01 am
’i ~ , U: l n 'sO am' to Charl’e 12:00 n'n
11 10 am> 6 Macon .12:40 pm
atn 2:30 pm 30 New Y. 2:45 pm
... « p 12:40 pm is rhat'ga 3:00 pm
5u ' ne ’ pnl 8# Wham 410 pm
. ,>■' on 465 pm ’lB Toccoa. 4.80 pm
ft n-.' u ' 6:Pn l' n ’ 23 Cbl'hus 5:10 pm
n '"s . 7 si) p m 5 cine! . 5:10 pm
jj .. nomJ 8-30 pm 28 Fort V. 5:20 pm
> > r.. C ** 20 nn> 2’~ Heflin . 5:45 pm
~ , a , 935 pm 10 Macon 5:30 pm
, 1 ■ *.lO 20 pin 44 Washn 8.45 pm
. p ' 10 25 pm 24 .laxvllle 9:30 pm
! ( , 'w 12 on ugt 11 Sh'pnrt. 11 tn pm
- ' 11 00 nm 14 laxvllle 11:1 n urn
' l arked thus <•> run dally, ex
}• tutnday
i . \ ''/hir rim dally. Centra' time
‘ het Office, No 1 Peachtree St.
nance afford to foster such a spirit?
Should it remain silent under attack?
Dignity is all very well, but there are
times when silence should be broken. Just
what is the present status of the Chinese
loan negotiations?
Certain European authorities allege that
the Six-Power Syndicate is seeking to
tie China hand and foot, to arrogate, to
the favored bankers privileges which no
self-respecting nation could give. Is this
true? Or are the American. French. Ger
man and British groups engaged in a ti
tanic struggle to preserve China from '.he
rapacity of Japan and Russia? If so. a
frank statement covering the facts would
greatly strengthen the position of the
Open-Door group. The citizens of Amer
ica are strongly tn sympathy with the
newest recruit to the ever-increasing ar
ray of republics. They have little pa
tience with the subtle scheming of Japan.
1 Hence, if the motives of our bankers are
patriotic, if they are really insisting upon
a fair deal for China, if they are actuated
■ i more by a desire for the welfare of the
I new republic than by a thirst for profits.
then let them come forward and make a
> clean breast of the facts
! » t >
China should not be starved into selling
her birthright. She should not, having
thrown off one yoke, be subjected to an
-5 other. She is entitled to a chance to
> live. Her assets ought to inspire credit,
si She is not alone in having an empty
i treasury. Some other nations have not
■ only empty treasuries but staggering
debts. There is danger lest the with-
, holding of financial succor again set back
t the hands of? the clock in'the Orient. A
free fight for spoils is not to be courted.
i Perjiaps, as already suggested, . our
• bankers. In conjunction with those of
'■ France, Germany and Britain, are battling
i valiantly for the infant repubilc. Why
not let the whole truth be known now
and thus dispel the uncomfortable feel
ing that has been engendered? It Is
scarcely seemly that private bankers be
■ made masters of China s fate. Can they
t not give some account of their stewarrl
. ship”
LIVE STOCK MARKET.
’ cTIICAGO. July 2. Hogs—Receipts.
- 20,000. Market 10c lower; mixed _ and
■ butchers, 7.05017.50; good heavy, 7.350
7.50; rough heavy. 7.05 0 7.30; light, 7.000
'7.40; nigs. 5.2007.00: bulk. 7.3007.45.
Cattle Receipts. 4.500. Market steady;
beeves. 6.4009.65: cows and heifers. 2.60
“ @8.10: Stockers and feedrs. 4.50@6.40;
I Texans, 6.50@8.25; calves, 7.3508.50.
Sheep- Receipts. 20,000. Market weak;
i native and Western, 3.5005.00; lambs,
4.4008.00.
1 POULTRY. BUTTER AND EGGS.
I
NEW YORK. July 2.—Dressed poultry
I firm: turkeys, 13 0 23; chickens, 18036:
fowls. t1%016%: ducks. 1.8%019. Dive
poultry nominal and unsettled.
Butter steady; creamery specials. 25 :: .
026: creamery extras, 27 0 27'4; state
’ dairy, tubs, 22@23%; process specials. 25.
. Eggs firm: nearby white fancy. 27; extra
firsts. 22093: firsts. 19019%.
Cheese firm; white milk specials. 150
! 16%; skims, specials. 11 3 i01.2'. l . skims,
fine. 10%@ll%; full skims. 6%@8%.
Legal Notices.
STATE OF GEORGIA -County of Fulton
Bill for Injunction, Receivership and
Equitable Relief Fulton Superior
Court, September Term, 1912. No.
24351.
Mrs. Sallie I O’Kelley vs, .1. Wylie Smith.
Geprgla Trust, and Realty Company,
Transferee; R. B Deavottrtt, Mrs. E,
McC. Adamson.
The defendant. .1. Wylie Smith, is here
by required, personally or by attorney. Io
'be and apear at the superior court, to he
held in and for said county, on the 2d
day of September. lUI2. at the September
Term of said court, to be held on the day
aforesaid, to wit: On the first Monday in
September, 1912, to show cause, if any he
has. why he should not be made a part'
defendant to the above stated case,, and
why the said receivership should not be
made permanent, and the injunction be
granted as prated for. as in default
thereof said court will proceed, as to Jus
ties shall appertain.
Witness the Honorable John T Pendle
ton. judge of said court, this the 2d day
of Julv. 1912
ARM H,D RIP >YI EK
Clerk Superior Court Fulton <_■•■. Georgia
7-2-16
wnriiiii I. ill «
GEORGIAN WANT AOS
FILL ALL WANTS.
BOTH PHONES 3000.
THE ATLANTA GWKUIAJN AMD NEWS. TUESDAY. JULY 2, IHIZ.
COTTON HIGHER
IN EARLY TRADE
Aggressiveness of Spot Inter
ests and Big Professionals
Holds Prices Up.
NEW YORK. July 2.—JTI.w cotton mar
ket opened steady today with prices 2
points lower to 3 points over the final of
yesterday New crop positions displayed
the most strength offerings was limited
and the steadiness ,us the market was at
tributed to reports of further rains over
the eastern belt, and a prospect of un
settled conditions for several days to
come. After the call the market was
narrow.
A report of heavy rains around the At
lantics caused a sharp rally to set in dur
ing the late trading with prices ad
vancing 2 to 4 points over the opening.
The strongest position seemed to be Au
gust, which showed 7 points advance in
the first hour of trading. Spot houses
and big professionals continued their de
mand for spots, and were stood buyers
of the new crop's near positions, chiefly
of July and August. Selling moderate
and scattered.
Some New England traders reported to
be in the citv in search of good high
grade cotton, which they say is very hard
to find. *
At the close the market was steady
with prices showing a net gain of 3 to 6
points above the final of yesterday. •
_R ANGE 1 N NEW YORK FUTURES.
- - I • I I » s. •
S M M - * t*
® r; I e . <4 «' ;■ hr
July 111.24’11.28111.24111.28 11.126-27'11.23-25
Aug. 11.28111.35111.28:11.34;11.34-35A1.30-31
Sept. 1 1.43:11.43 11.43.1 1.43 11.41-42'11 36-37
Oct. 11.46111.53111.46|11.5:;il 51-52'11 -16-47
Nov ..| I. .. |1.1.55-b«|11.50-5-
Dec 11 58" . 6311..’ I I '.l 1 1.61 -• : 11.55 57
Jan. 11 52‘11.5741.52'11.554 1 55-55|11 5"-M
Feb. f | ! 1 '11.59-60111.63-65
Meh. 111.60111.15111.59 11.64 11.64-65:11.59-60
Apr. 1 i ' I 11.65-67.
May |1.1.'62]11.681 It .62111.68! H. 68 -69 41.62-63
Closed steady.
Liverpool cables were due '•> point high
er to % point lower. Opened quiet at 2%
points decline. At 12:15 p. m. the market
was idle, at a net decline of I to 2 points.
Spot cotton in good demand at 3 points
advance; middling. 6.60; sales, 9,300 bales,
including 9,000 American: imports, 11,000.
Including 5,000 American.
Estimated port receipts today 3,000,
against 3.744 last week, and 957 last year,
and year before .1.367.
At the close the market was steady
with prices showing a net gain of 1% to
3 points over the close of yesterday.
RANGE IN LIVERPOOL FUTURES.
Futures opened quiet.
Opening. Pray
Range. 2 P. M. Close. Close
Julv . . . 6.39 6.42% 6.39%
July-Aug. 6.36 -6.37 6.36% 6.41 6.38
Aug.-Sept 6.35 -6.36 6.36 6.40 6.37
Sept.-Oct. 6.29 -6.29% 6.29 6.33 6.31%
Oct.-Nov. 6.23 -6.23% 6.23 6.27% 6.25
Nov.-Dec. 6.20 -6.20% 6.25 6.22%
Doc.-Jan. 6.19 -6.19% 6.19 6.23% 6.21%
Jan.-Feb. 6.19 -6.19% 6.19 6.23% 6.21%
Feb.-Meh 6.24 6.22
Meh.-Apr. 6.20 -6.19% 6.19% 6.25 6.22%
Apr.-May 6.25% 6.23
May-June 6.21 6.26 6.23%
Closed steady.
HAYWARD 8l CLARK’S
DAILY COTTON LETTER
NEW ORLEANS. July 2.—Houston
gets-one new bale. Last year the first
new bale made its appearance on June
11. but other new bales did not. appear
until the beginning of July.
Indications are for part cloudy over en
tire belt. Continued warm. probably
scattered showers; precipitation less ex
tensive and the tendency toward clearing
weather in the Eastern states more pro
nounced.
Liverpool came In 3 points lower than
due, but futures recovered in the last
hour, due to the firmness in New York.
Spots points higher; sales 1.0,000 bales.
Our Liverpool correspondents write that,
feeling is bullish on good trade and the
fact that a large portion of the European
stock is of undesirable quality.
First trades here were at. unchanged
figures, but the market improved steadily
on small buying, induced principally by
the idea of too much rain in the Eastern
states, anticipation of an unfavorable
weeklv weather report at 11 o’clock and
scattered short covering proceeding to
morrow’s bureau. This will be issued to
morrow at 11. o'clock and will give acre
age for this year and condition Os the
crop on June 25.
The trade looks for a condition average
around 82. and a reduction in acreage of
around 7 per cent. Comparisons will be
made with 36.681,000 acres in cotton last
rear, and a bureau condition on June 25
last year' of 88.2 and 81.2 in 1908.
RANGE in_ njew_orleans_fu tubes.
?. ■ x- > (itai i •' ST *
ft £ ©l9 «< H b r
oil J |JS| | 0.0
Tuiv”7lT 27ri2r2FfFM'Ti'26Tfr26-271i2.2r22
Aug 12 06 12.51 12.05'1.2.07112.08-10112.03-04
Sept 11 88’11.88'1 1.88 11.88 11.89-91 11.82-84
Oct 111.6441.7141.6441.71 11.70-71111.62-153
Nov 1 . ..I I 11.70-7141.63
Dee 4 1 414 ill .72111.64 11.724 1.71-72 11.64-65
Jan 11.70-11.75’11 684 1.75! 11.74-7541.66-67
j-'eb 1 i i 11.76-78 t 1.70
M ch ' ■ iU75| 1 1.80111.741H.80111.79-80111.73-74
Closed steady.
SPOT COTTON MARKET,
Atlanta, steady; middling 1.1%.
New York, steady; middling 1165.
New Orleans, steady; middling 12 7-16
Liverpool, easier: middling 6.60 d.
Savannah, quiet; middling 12c.
Augusta, quiet; middling 12'4.
Mobile, steady; middling 11%.
Galveston. steady; middling 12'.
Norfolk, stem's : middling 12c
Wilmington, nominal.
Little Rock, nominal; middling 11%
Charleston, nominal; middling 11%
Philadelphia, quiet: middling 11.90
Boston, quiet, middling 11.66.
Baltimore, nominal: milidling 12c.
Memphis, steady; middling 12%.
St. Louis, quiet: middling 12c.
Honstoii. steady; middling 1115-16.
Louisville, firm: middling
PORT RECEIPTS.
•]’be following table shows receipts at
the port ■ today compared with the same
day last year:
— —— - f~1912'. | ~ 19117 __
New Orleans. . . . 1.099 145
Galveston .... 1.1 io 594
Mobile ,
Savannah 805 !
Charleston . . . 6 !
Norfolk 99
Boston
Pacific coast . 200
Various. .■ . ■ •_ __' 150
~ TmaL~" . . . 3.309 !~ 954
INTERIOR MOVEMENT.
; 191'2 ■ rm
Houston i 187 I 125
Augusta I'o
Memphis. . . ■ -'22 <2
St. Loui« . *5
<'incitmati; £7O
~Wtal.'~. ■ ■ • ~ 1.074~~T _’67__
COTTON MARKET OPINIONS.
Hayden Stone A- The long side
looks the best
sternbvrger, Sinn A- <’o. Look for very
little change until bureau.
J S. Ba'l:e A I We still advise pur
'cl .hi- u| the dis'nnt poHltlona on any
maiked rrmtlon
Miller &Co W» HU have a favorable
opinion.
NEWS AND GOSSIP
Os the Fleecy Staple
XEW YORK. July 2. —Carpenter. Bag
got & Co.: Houston. Texas: “First bale
new cotton will arrive this morning from
Harling.”
First new bale last year was received
June 11, but then Texas was threatened
with severest drouth in history.
Dallas wires: “Texas, east generally
cuoudy; Panhandle cloudy; balance clear,
warm, t.iklaboma generally cuoudy and
warmer.
Weld, Hicks. Schentz, Flinn and Geer
buyers after call. Ryee Willing, Schill
Sold.
Everybody is waiting on the bureau re
port to be issued tomorrow at noon.
Miss Giles makes condition of 81..
against 80.2 two weeks ago, 80.8 one
month ago and 89 last year. Acreage re
duction after reinvestigation shows de
crease of about 6.5 or an approximate
acreage of 34,377,800 acres. Crop late and
small, excepting . Texas and Oklahoma.
Condition by states: Virginia 82. North
Carolina 83, South Carolina 82, Georgia
74. Florida 82. Alabama 78, Mississippi 79,
Louisiana 72, Texas 91, Arkansas 81, Ten
nessee 77. Oklahoma 85, Missouri and
California 81.
Journal of Commerce says: “Large
spot interests are. said to have bought
January and October.”
Commercial says: “Spot houses con
tinue their steady absorptions, but the
trading is listless 1 '
Springs started advance buying October
at 4. Dick Bros, Wilson and Hicks alsi
good buyers of new’ crop. The selling was
Following are 11 a. m. bids: July 11.27,
October 11.50. December 11.60, January
11.54.
NEW ORLEANS. July 2.— Hayward A
Clerk: Map show’s fair east Texas, partly
cloudy io cloudy elsewhere. Good rains
in Oklahoma; light to moderate elsewhere;
high night temperatures.
New York' wires: “Quiet, steady on
rains In Atlantics. Young Hicks good
buyer. Trade waiting bureau, but result
of rains tends to offset Improvement.
Good rains over night in Oklahoma.
The New Orleans Times-Democrat
say’s: Market opinions has now about
settled on between 6 and 7 per cent re
duction in acreage under last year, and
on an Improvement in condition during
the month ending June 25. of between 1
and 3 points, as the probable showing to
be made by the government tomorrow - .
On such a sliow’ing bears would be. able
td- figure out a large crop. But bulls
would contend that the crop is not doing
nearly so well as It seems to be doing,
and that since a very large supply will
be needed next year, such a showing
would give market opponents nothing
brag about.
Entirely trustworthy advices from Liv
erpool, mailed June 18. are to this effect;
“Cotton consumption has received a stim
ulus from which we see at present no
prespect of its receding, as trade in nearly
all parts of the world is good. The mon
soon rains are reported from Bombay, and
If the season continues favorable, we may
again expect large exports to India,
where trade conditions are excellent.
DAILY WEATHER REPORT.
ATLANTA. GA, Tuesday, July 2.
Lowest temperature 66
Highest temperature 83
Mean temperature '4
Normal temperature
Rainfall in past 24 hours, inches 0.46
Excess since Ist of month, inches. .. . 0.15
Excess since January 1, inche5.......16. <5
REPORTS FROMJ^^iOUS_STATIONS ;
. - |Temperature!R'fall
Stations— I Weath. I 7 I Max. I 24
[a. m. |y day.lhours.
Augusta ICloudy I 74 ~ .70
Atlanta ICloudy : 70 82 -44
Atlantic City.'Clear 68 , i-. ....
Anniston .... Pt. cldy | 70 82 .68
Boston (Clear ' 68 I i 2 ....
Buffalo IClear j 66 l <8 ....
Charleston . . Cloudy t 74 ■ .no
Chicago iClear ; 68 I 70 ...
Denver iClear I 60 f 76 .02
Des Moines ...-Clear I 68 ; 86 .16
Duluth ICloudy ; 54 60 ....
Eastport IClear > 68 ■ 68 ....
Galveston ....(Clear 80 , 84 ....
Helena ...... ICloudy : 54 4?
Houston IClear . i 8 i .64
Huron 'Cloudy ! 68 90 I .-8
Jacksonville . .Cloudy i 70 x? |
Kansas City..'Raining ; 68 , j 84 , .02
Knoxville . ..'Cloudy >0 ; 84 , .40
Louisville Cloudy 72 86 . .48
Macon 'Cloudy 72 | 84 I .36
Memphis Cloudy 72 ; SO .08
Meridian .....(Cloudy 74 .. -J-
Mobile (Cloudy .6 - 80 .62
Miami IPt. cldy. 82 80 ■■ ■
Montgomery .ICloudy <0 |J
Moorhead .... ißafnlng ; 66 86 . .134
New Orleans. ICloudy ; 74 86 .56
New York. .. .(Clear >’6 ....
North Platte, Cloudy 66 , 16 ....
Oklahoma , , (Cloudy ’ <4 ; 82 l.t>4
Palestine ’Pt. cldy. 76 90 ....
Pittsburg ... IClear ■ 70 , <8 ....
P’tland, Oreg,Cloudy 54 j 60 .16
San FranciscojClear ' 4? . 1,
St. Louis Cloudy I 70 , 82 .24
St. Paul IClear : 64 ’ 72 \ ■■■■
S Lake City,lCloudy I 56 <6
Savannah . .. Cloudy <4 _■ 4
Washington ..ICloudy I 66_I _7o l_..
C. F. VON HERRMANN, Section Director.
THE JOURNAL OF COMMERCE
REPORTS CONDITION OF JUNE 81.3
Journal of Commerce: The average,
crop condition for the month ending June
■’4 was placed at. 81.3. showing an im
provement of 4.4 per cent for month.
Following shows the condition by
states: North Carolina. 86; South Caro
lina. 83; Georgia. 74; Florida, 75; Alaba
ma. 76.5: Mississippi, 73; Louisiana, i 5;
Texas. 86.5; Arkansas, 78.5; Tennessee,
79: Oklahoma. 85.3.
Weather favorable during month Plant
small but strong and vigorous, and
showing good growth. Stands generally
good, although in many sections spot
ted Cultivation progressed favorably,
with exception of appearance of bull
wee. il and some slight damage from eat
erpillars. crop is very free from insects.
Season two to three weeks late, cool
nights having retarded growth. Ample
rain in all sections, in Georgia slightly
excessive. In Oklahoma and Texas con
dition improved owing to bountiful rains,
but season late. Will soon catch up with
continuance of favorable weather. In
Missouri season very backward owing to
cold weather. Growth slow. In Alabama
conditions quite satisfactory. In Missis
sippi weather favorable except nights
been too cool, causing slow growth. In
Arkansas climatic conditions generally
favorable. North and South Carolina,
plant small and conditions rather spotted.
Cultivation generally good. Ijouislana
and Tennessee, plant small and late.
Stands somewhat irregular, but favorable
weather of late lias caused improvement
and cultivation is good.
WEEKLY GOVERNMENT
REPORT ON WEATHER
WASHINGTON. July 2. Mean temper
atures ranged from normal over parts of
Florida to 8 degrees below normal of cen
tral portion of cotton region. The week
ly mean temperature ranged from <0 to
H) per cent over eastern, from 72 to 78
flcgrces over central, ancl from 72 to 8...
<), grees over western portion of cotton
growing states. The lowest mean temper
■ iur° i 0 degrees, occurred at. Chattanoo
ga and the highest. 82 degrees, at Del
Rio Texas Precipitation occurred gen
erally over cotton region, except that over
parts of eastern Oklahoma, and a large
area in central and western Texas, where
there was no rain. Precipitation was un
even!'' distributed, and the heaviest
amounts tiei iirred in soutliwestern Louts
lans More than 2 inches occurred in
parts of Louisiana. Arkansas. Pennsil
vanla. Mfsslssipt'i. Alabama. Georgia and
I’atolinas The greatest weeklv amount,
4 oi it, hes. occurred at Lake Charles, La
COTTON SEED OIL.
NEVI YORK. Ini' 2. Carpenter. Bug
got A Co.: The market was slightly
easier on favorable reports on cotton crop
end under moderate selling, but offerings
W ere readilv absorbed, and prices soon
rallied, and developed a firm undertone.
Tr; ding was small and laigelt profes
sional
Cotton seed oil quotations:
l opaning > Clmina
JuJj 6.8 ''<( 6.50 «.«<l«! «.89
August . . ..1 1 C 'lif 'i'; W'l !>4
Sr i Jem be . 7'. (. T‘>••'■<4 7 f»«
ta tober ... I'6'o 697 6.934(6.94
November . . tl 41 u 6 46 639<t’» (o
December 6 284' *1.39 6 354(6 ‘IS
.lunujsr' i. 38 •'i ::'i i. litfi 6
<'To-ed Iteavt . sales 6,7(H) barrels
STOCKS TAKE ON
GOOD ADVANCES
Industrial Issues Show Most
Activity-Politics Plays No
Part—Undertone Firm.
By CHARLES W. STORM.
NEW YORK. July 2. —Trading broke
away from the Influence of politics today
and at the opening of the stock market
the tone was strong with gains showing
throughout the list, Brooklyn Rapid
Transit continued in good demand, ad
vancing % Io 94%. Interborough-Metro
poiitan common and preferred made frac
tional gains. The important railroads and
industrials were in good demand.
The gains were United States Steel
common. %: Erie common, %; Lehigh
Valley, %; I'nlon Pacific, %; Missouri Pa
cific, %, and American Smelting. %.
Some of the specialties showed excep
tional strength. General Electric moved
up 1% to iOS 1 , and American Snuff ad
vanced 2 points to 176.
On the other hand. Texas common was
weak, declining % to 122%. The curb
was steady.
Americans and Canadian Pacific held
firm in London, a shade above parity.
In the late forenoon increased activity
and strength was shown in the leading
railroad and industrials, and further sub
stantial gains were made. A number of
specialties also showed strength.
The stock market closed weak and un
settled; governments unchanged; other
bonds steady.
Stock -Quotations:
' 1 'LastlPrev
STOC KS— - 1 1!ighILow. iS a 1 eJCl’se.
Amal. Coppery ‘~71 86%1 85%|"85%! 85%
American lee. ... 27% 27% 27%! 27%
Am. Sugar Refln.l 131% 130% 1.30% 130
Am. Smelting. . .87 'B6 86 ’ 85%
Am. Locomotive. . 44%' 43% 44 : 43%
Am. Cot. Oil. . . 54% 53% 54 I 53
Am. Car Foundry. 59%l 58% 58%( 58%
Am. Woolen ,| I : 28
Anaconda 43%j 43% 43% 43%
Atchison 108% 107% 108 " 107%
A . C. L 141 1140% 140% 139%
Am. Can 34%1 33% 33% 33%
do. pfd I 116%
Am. Beet Sugar... 74%| 74 74 71
Am. T. and T. . 145%]144% 145% 144%
Am. Agricul.. | 1 60%
Beth. Steel. .. .! 38%l 38% 38% 37%
g- R- T | 94%| 92% 92% 93%
B. and O . i 108%1108%|1.08Z 108%
Canadian Pacific. ,i265%|265 265% 265
Corn Products... . 1.5%| 15%! 15% 15%
<’• and 0 81'41 80%! 80% 85%
Consol. Gas 142% 142%|142% 142
Con. Leather 27% 26% 27% 26%
Colo. F. and 1.. .. 32% 32%1 32% 31%
Colo. So. . . 39
D. and H 168% 168% 168% 168
Den. and R. G.... 19 I 19 19 18%
Distil. Securities ! 33%
Erie 350'1 35 35 35%
do. pref 54% i 53% 53% 52%
Gen. Electric. .. 181 % 179% 180 178%,
Goldfield Cons. ... 4% 4% 4% 4%
Great West.. , ; 18
Great North pfd. . 135%'135'r 135% 134%
G. North Ore.. .. 43%| 42%l 42%l 42
Int. Harvester I 1118
111. Central 1....- 128
Interurban 122 | 21%| 21 I %i 21%
do. pref i 62 I 60%| 60%| 60Z
K. C. Southern. .1 25%| 25%| 25%| 25%
K. and T I 28 i 28 28 27%
do. pref ! I I | 60
Lehigh Valley. . . |171%|170%| 171 171%
L. and Nashville . . 161% 160%|161 % 159
Missouri Pacific ..1 37% 37 |37 36%
N. Y. Central , . .1.18 117% 117% t 17%
Northwestern . . .137% 137% 137% 146%
National Lead ...1 60 I 58%; 60 58
Nor. and Western.lll6 1115% 1115% 115%
Northern Pacific . .'121% 1121 121 1120%
Ont. and Western .1 32% 30%! 32% 30%
Pennsylvania . . .|124%|124 112411'123%
Pacific Mail . , . .11 ... .1 32%
People's Gas Co. . .I | .... 113%
P. Steel Car . . . .! 36% 36% 36% 36
Reading 168% 166% 167% 1«7%
Rock Island . . . .' 25% 25 25% 24%
do. pfd I 51 50% 51 51
R. Iron and Steel . .' 28% 28% 28 % 27%
do. pfd .1 86% 86% 86% 85%
Sloss-Sheffield. . .1 58 57% 58 1 57
Southern Pacific . . 1110%i! 10% 110%-110%
Southern Railway. ,| 29%l 28%' 28%l 28%
do. pfd 75 I 74% i 74% [ 74%
St. Paul 105'41105 1105 % 1104%
Tennessee Copper. .' 44%| 44 I 44%l 43%
Texas Pacific . . . . ....I ....I ~..| 22%
Union Pacific . . . J170%;i«9%|1«9%,169%
IT. S. Rubber ... .1 67% 66% 67%| 66%
Utah Copper . . . .1 68% 63% 63% 63%
V. S. Steel i 72%1 71% 71% 71 >4
do. pfd .112%, 112 ’11.2 111%
V. Chemical . . . 48% 48% 48%’ 48%
Western Union . . .1 82%l 82%l 82%i 82
Wabash ’ 4% 4%! 4% 4%
do. pfd 14% 13% 13% 13%
West. Electric . . .I 73% I 73% 73%l 76%
W. Maryland . , . ,| ....I __ j .-- -! 56%
MINING STOCKS.
BOSTON, July 2.—Opening: Mason
Valley. 13%: Superior Copper. 46%. Shan
non. 16%: Butte Superior, 46%
METAL market.
NEW YORK, July 2.—Metal exchange
today was quiet. Copper, spot to July,
17017.50; August. 17.12%017.37%; Sep
tember. 17.35017.37%; lead, 4.4004 50:
spelter. 7.10 0 7.25; tin. 46.30046.80.
NEW YORK GROCERIES.
NEW YORK. July 2—Coffee barely
steady; No. 7 Rio spot, 14%. Rice firm;
domestic, ordinary to prime. 4%@5%.
Molasses quiet; New Orleans, open kettle,
350 45. Sugar, raw. easier; centrifugal.
3.80; muscovado, 3.30: molasses sugar.
3.05: refilled, quiet; standard granulated.
5.00@5.05; cut loaf. 5.80; crushed. 5.10;
mold A. 5.45; cubes. 5.2006.25; powdered,
5.050:5.10; diamond A, 5.0 n: confectioners
A. 4.85: No. 1. 4.85; No. 2, t.nO: No 3, 4 75;
No. 4. 4.70.
LOCAL STOCKS ANt>
Bid Askefl
Atlant* * west Point R R . 14» us
American National Bank. . 215 220
Atlantic Coal & Ice common. 104 105
Atlantic Coal A Ice pref.... . ai ti S
Atlanta Brewing De C 0... 1U
Atlanta National Bank 320 330
Central Bank & Trust Corp jgo
Exposition Cotton Mills !<• us
Fourth National Bank ”60 265
Fulton National Bank -25 133
Ga Rv. zt Elec, stamped. .. I’4
Ga Ry & Pow. Co, common 27 30
do. Ist pfd 81) 33
do. 2d pfd.... 46 471 Z
Hillver Trust Company 125
Lowry National Bank ug jjg
Realty Trust Company ins jjj
Sixth’ Ward Bank uu% 1()1
Southern I''° common fix 70
Third National Bank. new. 220 225
Trust Co. of Georgia 225 235
Travelers Hank .4- Trost Co . 1»S
BON DS
Atlanta Gas light Ist 5s tot % Kl 5
Georgia State 4%5.19i5 . ... 101 101
Georgia Midland Ist 3a an «;
Ga Rv * K'ec Co. ss. 10!
Ga Rv * Elec ref 5s 99 nji,
Atlanta Cv.solidated 5s 102% ..
At'ania I’ifv 3%5. 1931 91 92'-
Atlanta City 4%5. 1921 102 103
Southern Bell
NEW YORK COFFEE MARKET.
Coffee quotations:
_J Opening 1 Closing.
Janiiafw'7. . . .113 85014.00113.89® 13 90
February !i:i.Bo@ 13.98 13 850 13 86
March .. .. 13.860 13.90 13.94013 95
April 113.850 13.90 13.960 13.97
Mav (13 900 18.94'13.97013.98
Julie 113.930 13 95 13.970 13.98
August 13.55... 113.570 13 58
Jub 19 190 3 60113.470 13.49
Sejjtember . .. 13.5.10 13 65'13.670 13.68
October .. . 13.700 13 80 13.744/13.75
November. 13 75% 13.85 13.79% 13 80
December.. , 13.800 113.86013 87
Cloned steady; sales 29,250 bug
USE GEORGIAN WANT ADS
USE GEORGIAN WANT ADS.
SHOP TALK |
Paul H. Norcross, of the Solomon-
Norcross Company, engineers, left At
lanta last night for a business trip
through Mississippi and Florida. In
Mississippi Mr. Norcross will visit
Amory, where his firm is superintend
ing the expenditure of about SIOO,OOO
in highway work and waterworks and
sewers. From there he will go to Mil
ton, Florida, to overlook an extensive
waterworks and sewer contract, where
$40,000 is being expended. He will be
gone about ten days.
An added story, a thoroughly lighted
and ventilated basement and un up-to
date elevator service, are the improve
ments which are to be made by Byck
Bros. & Co, shoe dealers at 29 and 31
Whitehall street.
Preparations are being made to be
gin work at. once and when completed
it will be one of the handsomest and
most commodious shoe stores in the
.South.
The opening of the basement depart
ment will be appreciated by the eco
nomical shopper, for here will be found
bargains'—real bargains -every day in
the year.
The salesroom on the first floor will
be enlarged to almost double Its pres
ent capacity.
SUPREME COURT OF GEORGIA.
Argued and Submitted
W. E. Biggers vs. A J. Story; from
Catoosa
Nashville, Chattanooga and St Louis
Railway vs. Amanda Baris; from Dade.
Western and Atlantic Railroad Com
pany vs. Aba Davis, from Whitfield
Western and Atlantic Railroad Com
pany vs. W. F. Summerour; from Whit
field.
M. A Wright vs. Western and Atlantic
Railroad Company, from Whitefield
City of Dalton vs. J A. Humphries;
from Whitfield
J. H. Walker vs T. R. Jones, and vice
versa: from Bartow.
Joe Brown vs. M. W. Cole, from Dade.
George F Hurt, receiver, et al. vs. O.
T. Peeples, trustee, and vice versa; from
Dade.
V. D Keith vs A. B. Hughey; from
Whitfield
City of Dalton vs. W E, Wood et al;
from Whitfield
James B. Gordon et al vs Julia Fritts
et •al.; from Catoosa
Mrs. L. L Bishop vs S A Brown,
from Murray.
North Georgia Fertilizer Company vs.
J. E. Lemings: from Floyd.
Southern Railway Company vs. C E.
Barfield; from Floyd
.1 L. Doss et al. v T K. Woolen, from
Floyd
B .1. Miller vs M A. Miller, from
Floyd
F. M Shaw et *al> vs. H S Probasco;
from Walker
Chattooga County vs E T Megginson;
from Chattooga.
Central Georgia, Power Company vs. I.
H Ham, ordinary, et al ; from Butts.
Morgan County vs. F. B. Glass; from
Morga n
C. E. Mitchem vs. Georgia Cotton Oil
Company: from Morgan
Wood Arnold vs Hardy Stevens; from
Morgan
T. J. Fowler st al vs Addie Parks et
al, from Worth.
Max Pincus vs. H 8. Meinbard * Bro.;
from Grady.
Seaboard Air-Line Railway vs. Davis.
& Brandon from Camden
F. M. Dedge et al. vs. W W. Bennett,
et al., from Appling.
City of St. George vs August Haag,
from Charlton.
W. L. Inman vs. J. L Mathews; from
Bulloch.
Bank of Garfield vs. W. W. Clark et al :
from Emanuel
READ FOR PROFIT
GEORGIAN WANT ADS
USE FOR RESULTS
WILL GIVE YOU
|H PROTECTION
Mgggjg CONVENIENCE
at low cost
' ' al ’ Ol ’■*■'** ,ls catalog
yw and price,
GOOKIN BANK A OFFICE EQUIPMENT CO.
PHONE IVY 450 115 N. PRYOR ST., ATLANTA
GOOD WEATHER
LOWS MINS
Wheat Drops 3-8 c to 3-4 c,
Corn and Oats Declining in
Sympathy.
ST. LOUIS CASH QUOTATIONS.
Wheat -No! 2 red 113 ©ll4
Corn 76%
Oats 49%
CHICAGO. Jul.v 2. Wheat sold off % tn
I %c this morning on a general wetting
I down of the spring wheat country, and
[ improved prospects of the crop in the
I Northwest. Cables were lower.
I Corn was lower. Ideal weather in the.
, belt and slow cash demand were the
main influences early in the day.
Oats were % to %c lower, mainly tn
sympathy with other grains.
Provisions were strong to a shade high
er with the advance in hogs at the yards.
CHICAGO GRAIN MARKET.
Grain quotations:
Pre*.
Open High. Low Close. Close.
WHEAT -
July t. 06% 1 .<17% 1.06% 1.06% 1.07%
Sept 1.03% 1.04 1.03 1.03% 1.04%
I Dec. 1 .04% 1.05 1.04% 1.04% 1.05%
I CORN -
July 73% 74% 72% 73% 73%
Sept. 71% 71% 70% 71% 71%
Dec. 62 62% 61", 62% 62
OATS -
July 46'- 46% 44'% 46% 46%
Sept. 38% 38’8 38% 38% 39
Dec. 10 tmj 39% 39% 40'1
POTIK.-
Jly 18.37% 10.12% 10.25 18.27% 18.40
Spt 18.72% 10.85 10.65 18.72% 18 80
Oct 18.52% 10.77% 10.55 18.62% 18.821;
i.ARD—
Spt 11.00 11.02% 10 9n 10.92% 11.00
Oct 11.07%’ 11.07% 10.97% 11.00 11.00
RIBS -
Jlv 1.0.35 10.35 10,35 1 35 10.37%
Spt 1 10.57% 10.60 10.50 10.52% 10.60
(let 10.4' 10.50 10.43% 10.45 10.55
CHICAGO CAR LOTS.
Following are receipts for Tuesday and
estimated receipts for Wednesday:
(Tuesday. iWedn’sday
Wheat I ?.0“l 22
Corn 324 288
Oats I 208 ! 132
Hogs ! 20.000_| 27,000
PRIMARY MOVEMENT.
WHEAT— T 1912 i mi
Receipts TTTOS.OOO ! Holiday
Shi pin-, rm ts ' 261,000 I Holiday
CORN— ’ I I "
Receipts I 554.000 I Holiday
Shipments I 334.000 | Holiday
LIVERPOOL GRAIN MARKET,
Wheat opened %d lower; at 1:30 p. m.
was %d higher to %d lower. Closed un
changed to %d lower.
Corn opened 'id to %d lower, at 1:30
n. m. was %d to %d lower. Closed %d to
%d lower.
NEW YORK PRODUCE MARKET.
NEW YORK, July 2.—Wheat easy.
1 July 1,150 1,18; September 1,09%1.09%.
Spot. No. 2 red 1.16%@T,18. Corn firm;
, nominal. No. 3, in elevator. 83% f. o. b.;
export No. 2 nominal. Oats easier; nat
ural white 58%06O: white clipped 59%@
63%. Rye quiet; No. 2 nominal, c. i; .f
New York. Barley steady: malting 1,120'
1.25 c I f. Buffalo. Hay easier; good to
prime No. ” 1.100’1.50: poor to fair 1.10
0 1.”5 Flour steady, spring patents 5.50
05 90. straiglits 5.0005.50; clears 4.850’
■ 5 10. winter patents 5.9006.10; straights
5.3505.45; clears 4.1505.00.
Beef stead?: family 18.00 0 18.50. Pork,
firm: mess 20.50021.00: family 30.0001
21.00. Lard easier; city steam 10%@l0%;
, middle West spot 10.86. Tallow steady;
city, in hogsheads, 6% nominal; country,
in tierces 5%06%.
CHICAGO CASH QUOTATIONS.
CHICAGO. July 2. -Wheat, No. 2 red.
1.07%@l 09%: No. 3 red. 1.05%.©1.08%;
No 2 hard winter. 1.0701.09%; No. 3 hard
winter, 1.0501.07%: No. 1 northern spring.
1 130 1.15: No. 2 northern spring, I.llo’
1 14: No. 3 spring. 1.0401.11.
Corn, No. 3. 73%@74%: No. 2 white, 77
'f/78: No. 3 yellow. 75 0 76%: No. 3 white.
75%076'ti: No. 3 yellow. 73%@75; No. 4.
68069: No. 4 white, 72%®73; No. 4 yel
low. 680 71
< (ats. No. 2 white, 50051; No. 3 white
48050. No. 4 white, j5@47; Standard, 48%
@SO.
ATLANTA LIVE STOCK MARfitT.
(By W. H. White, Jr, of the White Pee
vlzlon Company.)
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 50
medium to good steers, 700 to 850, 5,000
6 00: good to choice beef cows. 800 tn 900
4.750 5 50, medium to good beef cows 700
to 80(1. 4.0005.00; good to choice heifers,
750 to 850, 4.7505.75: medium to good
heifers, 650 to 750. 4.000’4.75.
The above represent ruling prices on
good quality of beef cattle. ' Inferior
grades and dairy types selling lowor
Mixed common steers, if fat, 700 to 800,
$4.00'q4 75: mixed common cows, if fat, 60f
tn 800. $3.500 4.50; mixed common bunches
to fair, 600 to 800. 2.7503.50; good butch
er bulls, 3.2503.75.
Prime hugs, 100 to 200 average, 7 50@
7.65; good butcher hogs. 140 to 160, 7.250
7.40: good butcher pig«. 100 to 140. 6.750
’ 7.00: light pigs, 80 to 100. 5.5006 00; heavv
rough nogs. 200 to 250. 6.50@7c.
Above quotations apply to corn-fed
hogs. Mast, and peanut fattened hogs. 1@
l%c and under.
■»— ■■"——■■■ »i. '! 11 . ,1 ii LJii 1...!' 1. ■
Bank Closing Notice.
Thursday. July 4, "Independence day,"
is a legal holiday. The banks compris
ing the Atlanta Clearing House Asso
ciation will he closed for business on
that day.
DARWIN X 5. JONES. Sec. «. Mgr.
ROBT. J. LOWRY, Pres,
19
