Newspaper Page Text
FACT AHD GOSSIP
IN MONEY MARTS
Capital Not Alarmed at Nomi
nation of Wilson—New Pol
icy in Effect.
By B. C. FORBES.
NEW YORK. July s.—Capital will show
no fight over the nomination of Woodrow
Wilson. Nor would it have been stam
peded by the selection of Clark, Under
wood. Harmon or any other candidate.
Capital's new policy is to woo the pub
lic more and the politicians less. If it can
square itself with the great mass of the
people it will not spend millions in win
ning over the good will of the politicians.
"Thrice is he armed who hath his quar
rel just." Capital is conscious that its
position ts less open to condemnation than
it was five years ago or ten years ago.
There has been a financial housecleaning.
All nooks and corners have not yet been
swept clean —they never will be until a
prescription for remaking human nature
has been discovered. But in certain di
rections the cleaning process has accom
plished much. Take our great railroad
corporations. How often do we now hear
es them corrupting, the dominating state
legislatures? How often are wholesale
lootings of railroad properties attempted
today? Have not the relations between
the railroads and the public undergone
remarkable improvement?
w * *
Then capital has become reconciled to
real reductions in tariff schedules. It ex
pects few favors in this connection from
the progressive Republicans and fewer
still from the Democrats. But standpat
ism is no longer a fetich.
What our fitianciers do not view with
comfort is the prospect of three parties in
the field for the next four months. The
one thing that the financial world can not
withstand is acute uncertainty. Once it
knows what is to be done it can adjust
itself in advance; but if it be kept gyess
ing. if it be doomed to stay in the dark,
it becomes nervous. The worst feature
of the political outlook, from the capital
istic viewpoint, in the confusion, the com
plication. the doubt that a triangular con
test will involve. There is still a feeling
in certain influential circles that Roose
velt will withdraw, despite his protesta
tions to the contrary.
Today optimistic interviews will, no
doqbt, be* given out by Wall Street peo
ple assuring everybody that everything Is
all right and that Wilson need not be re
garded as a menace. But it will be pass
ing strange if no outburst of nervousness
is witnessed between now and November
4 Incidentally, should the stock mar
ket suffer a severe slump, a great many
potential investors would act promptly.
Quite a few are waiting and hoping for
just such a break.
•» * -
Here is the philosophic summation of
the politico-economic-financiai situation
Irawn up by one of New York's promi
lent investment banking firms:
It is evident from the political de
velopments of the last few weeks that
the lines of cleavage between the two
established parties have become less
sharply drawn on the old issues, and
that in their stead ’new forces are
being created which, for better or for
worse, appear destined to determine
tn what extent the so-called "pro
gressive" politics are to govern the
attitude of the nation toward vested
capital.
That business itself is not worrying
over-much about the future solution
of these problems is evident from the
steady flow of trade inu.cated by the
increase in total clearings (notwith
standing the great reduction in activ
ity on the New York stock exchange);
by the material advance in basic
metals; by the increasing demand for
labor; by the decrease in the number
of idle cars, and. to mention no other,
b> the volume of our foreign trade,
which reached during the fiscal year
just ended the enormous total of four
billions of dollars, easily the largest
total in the history of our country.
As these results were achieved while
the general complaint of indifferent
business was being pretty generally
voiced all over the country, it seems
pertinent to ask whether a more
active development would really have
been healthy.
Ate are of no two minds in assert
ing that anything in. the shape of a
boom would have produced a much
less sound condition, and would in
evitably have laid the seeds for fu
ture retribution.
• • •
l-nanimlty politically has not yet been
trrived at by Big Business. If all three
candidates run "Wall Street" will have
difficulty in agreeing upon a favorite.
Real Estate For Sale. Real Estate For Sale.
WHITEHALL STREET AND
RAILROAD FRONTAGE
RIGHT at the street car underpass we have 75 feet on White
hall street with 82 feet on Central of Georgia railway, at
just about one-half its value, or $175.00 foot, on good terms.
Adjoining frontage held at $350.00 foot.
B. M.. GRANT & CO
Second Floor. Grant Building.
G. R. MOORE & CO.
REAL ESTATE, BUILDING AND LOANS. ,
1409 CANDLER BUILDING. PHONE IVY 4978
’-9,0(10— WEST PEACHTREE STREET. It's a close-in proposition. You can not
i'este this piece anywhere within two blocks. This is paying a nice rental
w hat will It do when the street is graded? Call Mr. Moore.
CENTRAL CORNER, within a stone’s throw of the Candler building
* s a bargain and we have got to sell it at once. See Mr. Reid.
I'EC'ATUR STREET property; very near in, 38x75. Two stores renting for $l5O
month—only $32,000. Terms easy. Cali Mr. Hambley.
six-room bungalow on Forrest avenue; all modern conveniences.
’Tice $4,000: easy terms. See Mr. Hamilton.
FOR EXCHANGE.
Uh avp K°od 5-room house in good renting section, valued at $2,500, for ex
cnange for small improved farm near Atlanta.
Have two other houses (price $5,000) to exchange for good farm near Atlanta.
ALSO a good 6-roonKhouse. all conveniences, close in. south side, near Capitol ave-
JP rlc * $3,500) for sale or exchange for north side vacant or improved prop
e**y at same value.
GEORGIA HOME AND EARM COMPANY,
114 CANDLER BUILDING. PHONE IVY 5767.
COTTON CROP FAR
BELOWAVERAGE
Excessive Rains and the Cool
Weather Cut Prospects to
64 Per Cent.
That the Georgia cotton crop will he
far below that of last year is indicated
by the July report of the state depart
ment of agriculture made public today.
Commissioner Connor's figures show
cotton prospects in the state are but
64 per cent of those of 1911. Corn shows
but little better prospects, the estimate
of the corn crop being 70 per cent.
The estimate given on hay and forage
crops is 86 per cent and on the potato
crop 83 per cent.
In discussing the present conditions.
Commissioner Connor says:
“In nearly every instance the reports
show that the cause of present condi
tion and prospect of the cotton crop Is
due to excessive rains, cool weather
and, In a great many cases, wilt or
black root. Excessive rains ano cool
weather have also greatly affected the
corn crop. A great number of reports
showed that bud worms are proving
very damaging to the. ■corn crop.”
TAFT PLAYS GOLF AT
SUMMER HOME; CLUB
MEN PAY RESPECTS
BEVERLY, MASS., July s.—Presi
dent Taft motored to the Myopia golf
links today for his first game of the
summer on his favorite grounds. The
president sat alone in the machine with
the exception of the chauffeur. Behind
him as usual trailed three secret ser
vice men in another automobile.
The visit of the president had been
anticipated and there were quite a
number of club members to extend the
compliments of the season. The presi
dent was congratulated upon his Chi
cago victory.
Regardless of the heat President Taft
enjoyed a lively golf game, after which
he took a ride up the north shore.
Mrs. Taft and her daughter. Helen,
were In town doing some shopping in
the cool of the early morning. They
greeted many shop people pleasantly
recalling their names readily.
President Taft still has quite a few influ
ential friends in financial circles. Roose
velt. too. has not alienated all his old
capitalistic backers. Nor Is the Demo
cratic party without supporters below
Malden Lane, for the course pursued by
the Republicans has aroused the ire of
many corporate interests. The truth is
that no cut-and-dried program has been
arranged by "Wall Street." Whether
therp can be a "get-together” movement
this time is somewhat doubtful, although
birds of a feather do have a habit of
flocking together.
9 9 9
A banker enjoying a high reputation for
acumen made this astonishing remark to
me the other day: "The big people down
here have made all the money they need
for the present. They can afford to let
the people have their own way for a
while.”
• * •
And it looks as if the people were de
termined to have It whether capital ac
quiesces or protests.
USE
GEORGIAN
WANTS
FOR RESULTS
THE ATLANTA GEORGIAN AND NEWS. FRIDAY, JULY 5. 1912.
| ATLANTA MARKETS
EGGS—Fresh country candled, 18@19c
BUTTER—Jersey and creamery, in 1-lb.
blocks. 20@22%c; fresh country dull, 10®
12%c pound.
DRESSED POULTRY—Drawn, head
and feet on, per pound: Hens 16017 c.
fries 25©27c, roosters S@loc. .turkeys,
owing to fatness, 18020 c.
LIVE POULTRY—Hens 4004.7 c, roost
ers 25@35c, fries 30@50c. broilers 20025 c,
puddle ducks 25030 c. Pekin ducks 400
45c, geese 50 0 60c each, turkeys, owing
to 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. sf>@6 per crate. Cab
bage, 101%c per pound Florida cab
bage, $203.50 per craft. Peanuts, par
pound, fancy X irginia. 6%@7c, choice s*-
06c. Beans, round green, 75c@51.00 per
crate. Florida cedary. $202.50 per crew
Squash, yellow, per six-basket crates.
$1.0001.25. Lettuce, fancy. $1.2501.50
choice $1.25 01.50 per crate. Beets, s3©
3.50 per barrel. Cucumbers, 75c® SI.OO
per crate. English peas, per drum, $lO
1.25. New Irish potatoes, per barrel, $2.75
@3.00.
Egg plants. 52@2.50 per crate. Pepper,
$1.7502 per crate. Tomatoes, fancy, six
basket crates, $1.5001.75; choice tomatoes,
$1.75@2. Pineapples, S2O 2.25 per crate.
Onions, $1,250 1.50 per bushel. Sweet pota
toes, pumpkin yam, $101.25 per bushels.
Watermelons, $lOOl5 per hundred. Can
telotipes, per crate. $1.7502.00.
PROVISION (MARKET.
(Corrected by White Provision Company.)
Cornfield hams, 10 to 12 pounds average
1614 c.
Cornflel 1 hams. 12 to 14 pounds average,
1654e.
Cornfield skinned hams, 16 to 18 pounds
average. 1714 c.
Cornfield picnic hams. 6 to 8 pounds
average, 12‘4c.
Cornfield breakfast bacon, 23c.
Grocer style bacon (wide or narrow),
1714 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 hams, 25-pound
boxes, 11c.
Cornfield spiced jellied meats in 10-
pound dinner palls, 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, $1.50.
Cornfield pickled pigs feet, 15-pound
kits, sl.
Cornfield pure lard (tierce basis). 12%c.
Country style pure iard, 50-pound tins
only, 1114 c.
Compound lard (tierce basis), 10c.
D. S: extra ribs, 11$•;<?.
D. S. rib bellies, medium average. 12c
D. S. rib bellies, light average, 12 54c.
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 patent), $6.25; Home Queen
(highest patent) $6.10: Puritan (highest
patent) $6.10; Sun Rise (half patent) $5.60;
Tulip flour, $4 50; White Cloud (highest
patent) $5.85; Diadem (highest patent)
$5.50; Farm Bell, $5.40; Paragon (high
est patent) $6.10; White Lily (highest pat
ent) $5.85; White Daisy, $5.85; Southern
Star. $5.60; Sun Beam, $5.60; Ocean
Spray (patent), $5.60.
CORN—Tennessee white, red cob, $1.12;
cracked, $1.05; choice yellow, $1.05; mixed.
$1.04.
MEAL—Plain 144-pound sacks, 99c;
96-pound sacks, $1.00; 48-nound sacks.
$1.02; 24-pound sacks, $1.04; 12-pound
sacks. $1.06.
. OATS —Fancy white clipped, 70c; fancy
white, 69c; mixed. 68c.
COTTON SEED MEAL—Harper, S2B.
COTTON SEED HULLS —Square sacks,
$9.50 per ton.
SEEDS —(Sacked); German millet, $1.65;
amber cane seed. $1.55; case seed, orange,
$1.50; 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 bates. $1.75; 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 sea green, $1.25; alfalfa No.
1, $1.25; alfalfa No. 2. $1.25; peavine hay,-
$1.20; shucks, 70c; wheat straw, 80e; Ber
muda hay, SI.OO.
FEEDSTUFF
SHORTSHalliday white, 100-lb sacks,
$1.90; fancy, 75-lb. sacks, $1.85: P. W.
75-lb. sacks. $1.80; Brown, 100-lb. sacks,
$1.75; Georgia feed. 75-lb. sacks, $1.75;
bran. 75-lb. sacks. $1.60: 100-lb. sacks.
$1.55; Homcloine, $1.75; Germ meal Born
eo, $1.75; sugar beet pulp, 100-lb. sacks,
$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. $3.35; 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, $2.1.0; Eggs,
$2.20; Victory baby chick, $2.30- Victory
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-lb. sacks. $1; oystershell. 80c.
GROUND FEED—Purina feed, 175-lb.
sacks, $1.90; Purina molasses feed. $1.90; ■
Arab feed. $1.90; Universal horse meal,
$1.80; Monogram. 100-lb. sacks. $1.70; Vic
tory horse feed. 100-lb. sacks, $1.80: Milko,
dairy feed. $1.75; No. 2. $1.75: alfalfa mo
lasses meal, $1.75; alfalfa meal, $1.50.
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—Heao, 4%@5%c; fancy head, ss;
@6%c. according to grade.
LAUD —Silver leaf. 1214 c per pound,
Soco. 9%c per pound; Flake White, 9%c
per pound; Cottblene, $7.75 per case;
Snowdrift, $6.50 per case.
CHEESE—Fancy full cream, 22c.
SARDINES—Mustard. $3 per case; one
quarter >id, $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. $8.80; syrup. 30c per gal
lon; Sterling ball potash, $3.30 per case;
soap, $1.500 4.00 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.
30-lb. sacks. 90c: Gru-Crystal 25-lb
sacks, 80c; 50-pound sacks, 29c; 25-pound
sacks, 18c.
BUTTER. POULTRY AND EGGS.
NEW YORK. July 5.- Dressed poultry
steady: turkeys 13023, chickens 10014,
fowls 11*4016’4, ducks 18’40 19. Live
poultry irregular; chickens 240’26. fowfk
15 tasked, turkeys 13 asked, roosters 10%,
ducks 14 asked, geese 10 asked.
Butter firmer; creamery specials 25%@
26*2, creamery extras 27027*4, state
dairy (tubs) "2@26%, process specials 25
hid. Eggs firmer; nearby white fancy 26
027. nearby brown fancy 230 23*4, extra
firsts 22% 023%. firsts 20*40 21 *L
Cheese quiet: whole milk specials 15
bld. whole milk fancy 14% bid. skims
specials 1.1% fa 12',. skims fine 10’4011'4.
full skims 6*40844.
LIVE STOCK MARKET.
CHICAGO, July .*).- Hogs Receipts.
17.000 Market strong to 5c highy.r:
mixed and butchers, 7.1007.55; good
heavy. 7.4507.55: rough heavy, 7.100 7.40;
light. 7.0007.50: pigs, 5.35@7.10: bulk, 7.30
0 7.50,
Cattle -Receipts, 2,000 Market strong:
beeves. 6.4009.65; cows and heifers, 2.500
8.26; Stockers an<* feeders. 15006.60; Tex
ans. 6 5008 2': calves. 7.3508.50
Sheep—Receipts. 8,000. Market 10c to
20c higher: native and Western, 3.500
5.20; lambs, 4.6007.85.
COTTON GOES UP
ON RH WEATH ER
Spot Houses Buy Near Posi- '
tions on New Crop, Featur
ing Market Trade.
NEW YORK, July 5. rhe cotton mar
ket opened this morning steady, showing
a net gain in prices of 4 to 9 points over ’
the final of Wednesday. The buying i
seemed to be of those who favor the’bull
side. However, there was verv lit tie cot- j
ton for sale.
Heavy showers oin the eastern belt and *
around the Atlantic coast caused a firm
tone to develop in prices around the open- 1
mg. ' <
At noon the market still maintained a i
steady tone, showing October the strong- I
eat option. Spot people continued there
demand for new crop’s near position,
trading chiefly in July and October. There '
was some doubt in mind of many as to :
the cort'octness of the Government figures '
as the average of the first report have
run higher. No break of consequence! is ■
looked for at present, as long as the spots 1
continue in good demand.
At the close the market was steady,
showing a net gain of 2 to 4 points over '
the final figures of Wednesday.
RANGE IN N EW YORK FUTURE 3.
c -c I ~ I 4 > *
o x j | utol 6 -o
Tuij’ - iL6L if TLIT. M 11.55111.55-56:11.52-53
Aug. 1t.65111.67111.6211 1.63111.62-63111.58-60
Sept. 11.73H1.75111.70 11.72111.70-72111.67-68
Oct. i11.85!H.89| 11.81111.82111-81-82'11.77-79
Nov. | i <11.85-87(11.82-84
Dee. 11.93 11.97 11.90 11.90.11.90-91111.87-88
Jan 1.1.88 11.94 11.86 1.1.87'11.86-87 11.84-85
Feb 11.90-92 11.87-88
Meh. 11.98112.01111.96 111. 98111 95-97111.92-94
May 12.02 12.04 [l2. 00 1 2.00 11.91i-12|11.96-t<7
Closed steady.
The world's visible supply of American
cotton during the week shows a decrease
of_ 165,388 bales,' against a decrease of
125,935 bales for the same week last year,
compared with a decrease of 165,735 for
the same week the year before.
other kinds show a decrease during
the week of 73,000 bales, against a de
crease of 40.000 bales for the same week
last year, compared with a decrease of
27.009 bales for the same week year ze
fore lasi. The total visible supply show’s
a decrease of 338.388 bales for the week,
against a decrease of 165,935 bales for
the same week last year, compared with a
decrease of 192,737 bales the year before.
World's visible supply:
_____ | J "1~!)T2. I'l9ll. | 1910.
American 12,194,32911,209,399’1,220,808
other kinds .... itliy.oooit .o ::u>''(jj,i'3i .■><*('
Totql, all kinds. 3.187.329:2,232,399^2.251,000
World's spinners' takings:
I 19J.2 I 1911 | 1910
For week ..I 199?900 155,000' 179,0 00
Since Sept. 1,113.840.000 11,232,000 10,31)4,000
Movement' into .sight:
_- b | 1912' T~ 1911 | 1910
Qverl’d weekll - 4.5721 " 4,3381 16,102
Since Sept; 1. 970,822 923.596’ 801.422
In sight.week* 32.502 20,373? 13.343
Since Sept. 115.2414.33 11,658,83110,142.806
So._ consump.j 20,000; 19,000} 21,000
Weekly intern>r nwvement:
1 1912. 4 1911. i 1910.
Receipts 11.069! 4,0811 12.823
Shipments 23.585! 15,195! 34.803
Stocks 158,354;114,758 136,394
Monthly crop movement:
' l" 1912. | 1911. | 1910.
To June 30 T.T 170 125 138.1711 203,750
Since Sept 1.. -15,217,700111,647.271110,142,0 4 4
Liverpool cables due * 2 higher on Oc
tober and I to 2’i higher on others;
opened steady 2 to 3 off from Thursday;
1.2:15 p. m. the market was barely steady
6 tn 8 points higher from Wednesday's
close; spot in good demand, 2 higher;
middling. 6.83; sales, 10,000 bales, includ
ing 8,000 American: imports, 7,000; none
American.
Estimated port receipts today 2.000,
against 12,190 last week. compared
against 381 last year and 5,176 in 1910.
At the close the market was steady
with a net loss of 2 to 4’A points below
the previous close.
RANGE IN LIVERPOOL FUTURES.
Futures opened quiet.
Opening. Prev
Range 2 P M. Close. Clos*
July . . . 6.6614-6.64 6.64 0.63 6.66*4
July-Aug. 1.62 -6.62*0 6.62 6.62 6.65
Aug.-Sept 6.G1 -6.6014 6.60*4 6.59 6.63*4
Sept.-Oct. 6,53 -6.52*.2 6.52*4 6.52*4 6.55
Oct.-Nov. 6.47 -6.47*4 6.4714 6.47 6.50*4
Nov.-Dee. 6.44 -6.45 6.45 6.44 6.47
Dee.-Jan. 6.40 -6.43(4 6.43 6.43 6.46
Jan.-Felt. 6.43 -6.43*4 6.43*4 6.43 6.46
Feb.-Meh 6.45 -6.45*4 ...... 6.43*4 6.46*4
Meh.-Apr. 6.44 -6.45 6.45 6.44 6.47
Apr.-May 6.46*4 6.45*4 6.45 6.47*4
May-Jpne 6.46 6.48
Closed steady.
RANGE IN NEW ORLEANS FUTURES.
T 5I * t js-iI a I>?
oj = u k“i £_J r-
Jttlv |12.60 12.6112.59:i2.60*12.60 12.46-50 '
Aug. 12.35 12.36’12.35112.35*12.35-36 12.22-24
Sept. 12.15 12.22 12.35 12.35112.35-36 12.22-24
Oct. 11.97 12.08 11.97*12.02112.01-02 1 1.94-95
Nov I ’12.00 i 11.95-96
Dec. 1 198 12.08'1.1.98 12.02 12 01-02 11.93-96
Jan. 12.01 12.11:12.02 12.04 12.04-06*11.98-99
Feb *.....: 12.08 1 2.02-03
Me _l2. 10 12.14 12.10 12.14*12.11-12 1.2.06-07
Closed steady.
SPOT COTTON MARKET.
Atlanta, steady; middling 11%.
New York, stehfly; middling 12c.
New Orleans, firm; middling 12*4.
Liverpool, steady; middling 6 86d.
Savannah., quiet; middling 12c.
Augusta, quiet; middling 12*4.
Mobile, steady; middling ll*/ 4 .
Galveston, firm: middling 1.2* 4 .
Norfolk, steady, middling 12*4.
Wilmington, nominal.
Little Rock, quiet: middling 11%.
Charleston, nominal; middling 11*4.
Philadelphia, steady: middling 12?25.
Boston, steady; middling 12c.
• Baltimore, nominal; middling 12c.
Memphis, steady; middling 12*4.
St. Louis, quiet; middling 12'*.
Houston, steady; middling 12 1-16.
Louisville, firm: middling 12c.
PORT RECEIPTS.
The following table shows receipts at
the ports today compared with the same
day last year:
' / I 1912. | ~ 191 f ~
New Orleans. . . . 600 211
Galveston 812 5
Mobile 3 1 ....
Savannah S 6 106
Charleston 1 j 3
Norfolk 522 1 22
Baltimore * 174 ....
Boston .7. 4
Pensacola 600 ....
Various ' 863
_[f_o ta! ,| 2,818 T~
INTERIOR MOVEMENT.
z 1' !9i2 ’Z'r.
Houston i .... * 12
Augusta. : 128 : • 3
Memphis 455 48
St. Louis. . ... . 168 : 301
Cincinnati 1 471 44
“Total. ..... ./ ' 799 ’ 40S ' ?
COTTON MARKET OPINIONS.
Thompson. Towle * Cll : We think the ;
June report of government was too high. '
We believe the crop under cultivation '
had only a fighting chance for a normal :
yield. 1
Bailey A Montgomery: It looks as If
further crop improvement will he required
to remove confidence in prevailing val
ues
Miller & Co. We still feel the long
side is the best, prefer buying Decern- 1
her.
Hayden. Stone & Co.: It looks as If 1
prices will work higher.
LEMING STOCKS
HUCT AT CLOSE
Small But Active Trade, Witt
Firm Undertone, Until Final
Hour of Session.
By CHARLES W. STORM.
NEW YORK, July 5 Buoyancy <*
Canadian Pacific in London was reflects
in a 1-point rise in that Issue in the New
York market at the opening today. Out
side of Canadian Pacific the list was ir
regular with prices representing gains
and losses in about equal fractions.
United States Steel common, Amalga
mated Copper and Baltimore and Onit
each declined *,. Union Pacific was sup
plied for a recession of Erie cotnmor
gained *,;. while the preferred was up
Lehigh Valley and Reading each gaitiec
* 4 . There was a good deal of speculative
Interest attached to dealings in the Mil
stocks. Great Northern preferred. North
ern Pacific and Great Nortern Ore al
made fractional gains, selling at the itigl •
est level they have reached iu a nunibet
of months.
The curb was easy.
Americans in London were narrow
Canadian Pacific was strong tn London.
In the late forenoon a number of buyinj
orders appeared, and many stocks whirl
had shown weakness in the early trading
rallied slightly and a steadier tone pre
vailed.
Business was exceedingly dull In thf
afternoon, the professionals being abou;
the only traders in the market. From
this source'a number of the leading rail
roads and industrials were offered sot
sale at slight concessions. Selling 01
Union Pacific by professionals was ac
companied by a good deal of talk about
prospective tariff legislation and boar!
room sentiment on this stock was decid
edly bearish. There was also some pres
sure exerted against Lehigh Valley, which
yielded 1 point.
The market closed irregular; govern
ments unchanged; other bonds steady.
Stock quotations:
| | ILastlCßs I Prey
STOCKS- JHlghlLow.lSaie.l Bid. ICl'se
Antal. Copper.! 84’41'85 I 83%LJ2% 85"
Am. [ce Sec...! 27 27 }27 *Y6*4! 27* 4
Am. Smelling - 86 B<% 84% 83*4 85’4
xAm. Locotno.} 44*„* 43%} 43%’ 4.3%! 43*4
Am. Car Fdy..' 58%' 58*41 58*4 58 58'4
Am. Cot. 0i1..! 54*, 54*4' 54.*, 53 * 53*4
Am. Woolen ..* . ....' .... 27% 27*4
xAnaconda ...! 42’4 42 |42 41 }43 * 4
Atchison *lO9 ,108'r 1085,,108% 10.8%
A. C. L 140*4 140*41140*41139*4.140',
Am. Can 35*, 34 *, 35 34 34%
do, pref. . *ll7 117 -*ll7 ,1.11% 117
Am. Beet Sug. 74%} 73% 73%: 73%i 74%
Am. T. and T. 145-% 145%145% 145%,145%
Am. Agricul. J ....’ 60 } ....
Beth. Steel ... 37%| 37% 37% 37% 38
B. R. T } 93%l 92%’ 92%: 93% 93*,
B. and O |loß*4iloß%|loß% !08%}1.08%
Can. Pacific .. 267*, *260’4 266% 267 266',
Corn Products . 15%| 15$sl 15%j 15%i 15%
C. and O. .... .* 81*4 80%* 80%* 80% 80%
Consol. Gas .. :145% }143% *143% i 143*4;141%
Cen. Leather .* 27%; 27 i 27 * 26%! 26%
Colo. F. anil 1., 31’4 31% 31’, 30 I 31',
Colo. South. .. ....( ....* ....; 38%, 38%
1). and H .... 167% 167%
Den, and R. G.' .... 1 ........ 11* 19%
Distil. Secttr. . 33% 33% 33% 32*%: 33%
Erie | 35% 35 35 !35 !35
do, pref. .. 53% 53% 53% 52% 53
Gen. Electric . *lßl 180 *IBO 178%i179%
Goldfield Cons.! ... .1 ... . 4 1 4
G. Western ' 17% 18%
G. North., pfd. 138%*137‘ 1 37% 1136% ; LS'l * ;
G. North. Ore..: 45%* 43% -13%. -11% 1".
Int. Harvester ...J ....I .... }120%|119%
111. Central ..1129*4 129 !129%:138%*1285,
Interboro i 21% 21%- 21.%’ 2t*4! 21%
do, pref. .. ....} ....’ 59% 60%
lowa Central . | .........I ....ill 10
K. c. South...! 25% 25 ! 25 1 25 ! 26
K. and T. ...! 27%: 27%' 27%} 27%; 27%
do, pref ... .! .... 57%. 60
L. Valiev. . .170 168%*1t(8% 168% 17«
L. and N.. . . 161 % 160% 160% 160 160$,
Mq. Pacific . . 37*4! 37 ! 37 I 36’4! 37
N. Y. Central .1117 .117 |ll7 ,116%}U7*
Northwest. . . 137% 137% 137% 136%d37*
Nat. Lead. . .} 59 I 58%| 58’41 58% 59%
N. and W.. . .115% 115 115 114’4:115’1
No. Pacific . . 123% 122% 123%>122 122%
O. and W.l . .; ... .: ... .1 .... 33% 34
Penn 1124% 124 *124 124 1124 %
Pacific Mail .. j ....} ....} .... 3t%* 32%
P. Gas Co.. . .
P. Steel Car. . ....I ! 35%; 36%
Reading .... 166%t165% 165% 165% 166*1
Rock Island . 25 25 25 24% 25%
do. pfd.. . . ... .1 ... .' .... 50%: 50%
R. 1. and Steer 28 : 28 28 . 27%' 28%
do. pfd.. . . 86 *BS }BS ,84 86%
S. -Sheffield I 55 56
So. Pacific. . .’109%1109%1109%i109%}110%
So. Railway. . 29 : 28% 29 28% 21*
do. pfd.. . . 75%' 76% 75%' 75%: 75
St. Paul. . . . 105’4’105% (105% .104’4*105*,
Tenn. Copper } 44 * 435,* 435,! 42 44
Texas Pacific - .... 23$g ....
Third Avenue 40% 39%' 39% 38% 39%
U. S. Rubberxxi 55 55 } 55 54 i 67
Utah Copper . 63 62%: 62% 62', 63
I . S. Steel . . 1 71 % 70*.-, 70% 69is 71*4
do. pfd.. . .}llZsi<ll2%:il2% 111% 112%
V. Chem... 49%} 49’41 49*/,} 49% 49
West. Union .■ ....* 82 82%
Wabash . . . 4%! 4*4! 4% 4*, 4',
do. pfd.. . . 13*4 13*4 13% 13%, 13*,
West. Electric; 77% 77% 77% 765,* 77*,
Wis. Central . ....' ....' .... 51% 51%
WMaryland ... ■: 57 _ [66%
Total sales, 312,100. shares. x-Ex-divi
dend, % of 1 per cent, xx-Ex-dividend,
II per cent and ex-rights, 1 per cent.
MINING STOCKS.
BOSTON. July 5. Opening: Smelter,
47%; Giroux, 5 1-16; Smelting preferred,
49%.
METAL MARKET.
NEW YORK, July s.—The metal mar
ket was steady today. Copper spot,
16.87',40 17.25; July. 16.97*40 17.20; August.
16.95017.12%: September, 17.050 17.15;
lead. 4.6504.10; September, 7.20@7.30; tin,
45.400 45.75.
LOCAL STOCKS AND BONDS
B'fi Askeq
Atlanta A West Point R R 14" us
American National Bank. .. 215 220
Atlantic Coat & ice common. 104 lot
Atlantic Coal * Ice pref sj
Atlanta Brewing A- lee C 0... 17$
Atlanta National Bank 320 330
Central Bank & Trust Corp if, n
Exposition Cotton Mills 14" jgr,
Fourth National Bank 260 265
Fulton National Bank >25 130
Ga Rv. & Elec stamped.... I’4 126
Ga Ry- * Pow. Co., common 27 30
rto. Ist pfd 80 85
do. 2d pfd 46 471/,
Hillyer Trust Company...... I’s
Lowrv National Bank 248 250
Realty Trust Company io» no
Sixth Ward Bank 99% nil
Southern Ice common 68 70
Third National Bank, new . 220 ’25
Trust Co. of Georgia 225 235
Travelers Bank A- Trust Co. 124 124
BONDS.
Atlanta Gas Light Ist 55.... 101% 105
Georgia State 4%5. 1915 .... 101 10|
Georgia Midland Ist 3s 6" <)
Ga Rv. St. Elec. Co. 55...... 101
Ga. Ry. St. Elec, ref 5s 99 99%
Atlanta C.,..solidatod 5s 102% ...
Atlanta City 3%5. 1931 91 92%
Atlanta City 4%5. 1921 102 103
Southern Hell r>« . .. $»% »»%,
NEW YORK COFFEE MARKET.
CofTeo quotations: __
I Opening | Closing
January : 3?60 013 70113! 74 @ 13.76
February *13.60 13.630 13.64
March - 13.70 13.780 13.79
April 13.66 '13.80013.81
Mav 13 75 13.820 13.83
June 13 73013.75 13.370 13.38
July 13 50 13.430)3.45
August 13.250 13.50 13.520 13.53
Sentember .... 13.40 13.58013.59
October 13.450 13.60 13 720 13.73
November- 13.600 13.65 13 740 13.76
December 13.65 _ 13.630 13.64
“Closed steady. Sales, 9,900 bags.
If you sen l a letter or telegram to the
wrong address, you would hardly expect
an answer, v ould you? The same Is true
when you select the wrong medium to
ha’e all your wants filled Try the right
way The Georgian Want Ad way.
WEATHER "|
" Conditions.
WASHINGTON, July 5 - Unsettled.
■ 1 showery weather will continue tonight
land prevail over the East and South, with
somewhat lower temperatures over tire
[lower lake region, New England and the
I middle Atlantic states.
i
1 General Forecast.
p Georgia- Showers tonight or Saturday.
North and South Carolina, Alabama
and Florida Showers tonight or Satur
day.
Mississippi -Local showers tonight or
Saturday.
Louisiana, West Texas and East Texas
Showers.
DAILY WEATHER REPORT.
if ,
Lowest temperature (>!t
w Highest temperature 84
Mean temperature 76
Normal temperature 77
is Rainfall *n past 24 hours, inches .... O.uO
I Excess since Ist of month, inches. ... 27
I Excess since January 1. Inches 16.87
REPORTS FROM VARIOUS STATIONS.
’ n I (Tempers: t me* P.'fall
« Stations— I Weath. * 7 Mr.x. } 24
*j ] [a. nnJYday.'hours
Augusta ....'Cloudy l' 74 ;
Atlanta Iliaining 70 84 ....
„ Atlantic (lily.'Clear 72 76 .....
" Anniston Cloudy 1 72 * 86 ! .26
Boston 'l'lrai- ; 74 94 * ....
Buffalo Pl. cldy. 74 80 ....
Charleston . ..*Cldy. I 78 82 * ....
Chicago- 'Cloudy 76 88 I .. . .
’• Denver !Pt. cldy.! 48 66 } .10
„ Des Moines ... Pt. cldy. 74 , 96
F Duluth ICloudy ! 62 78 j .06
„ Eastport !Clear : 56 [ 74 [ ....
Galveston . ...'Clear ' 80 74 | ....
Helena (Clear * 52 72 ... .
„ Houston (Hear ' 78 ; . . I ....
.. Huron *Pt. cldy.* 66 88 I .58
' Jacksonville ..'Clear I 80 * 82 ....
I. Kansas City.. Clear 72 88 ....
, r Knoxville .... Cloudy 70 82 * .02
Louisville ....ICloudy I 72 78 [ .08
._ Macon ’Cloudy ' 74 , .. I ....
Memphis 'Cloudy i 78 * 88 I ....
~t Meridian 'Cloudy * 74 ! ....
’ Mobil.: Pt. Cldy.l 74 84 * .10
i_ Miami *.Pt. cldy.} 80 I 88
1. Montgomery . (Cloudy 74 86 . ...
Moorhead . ...IClear ! 68 86 .12
New Orleans. | Pt. cldy. 78 ! 88 .18
New York.... IClear 70 84 ....
North Platte..!Pt. cldy. 58 1 82 .20
_ Oklahoma ....(Cloudy 74 I 88 ....
T Palestine ....Clear 74 ' 90 ....
■ Pittsburg .... i’t. cldy. 72 I 86 ....
“ P’tland, Oreg.'Cloudy * 56 ' 72 .02
- San FranciscoClottdy 50 60 ....
J St. Louis Clear 78 I 90 ....
* St. Paul Clear 1 74 1 81 .60
? S. Lake City.. Clear 5:! * 72 .04
7 Savannah . .. Pt. cldy 76 : .01
| Washington ..'Pt. cldy.l 76 * 88 1 ....
4 C. F. VON HERRMANN? Section Director.
1 ATLANTA LIVE STOCK MARKET.
(By W. H. White, Jr., of the White Pro
-i vision 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, 5.500.6 50-
’ medium to good steers, 700 to 850, 'j.OOW
'* 6.00; good to choice l)cef cows. 800 to 900
ft 4.750 5.50. medium to good beef cows, 70(i
'* to 800, 4.0005.00: good to choice heifers
n 750 to 850. 1,750 5.75: medium to good
heifers, 650 to 750, 4.0004.75.
'4 The above represent ruling prices on
2 good quality of beef cattle Inferior
*2 grades and dairy types selling lower.
Mixed common steers. If fat. 700 to 80S.
A $4,000)4.75: mixed common cows, If fat. 600
to 800, $3.5004.50; mixed common bunches
to fair, 600 to 800, 2.75@3.50; good butch
‘ti er bulls. 3.25®3.75.
Prime hogs. 100 to 200 average, 7.50®
'2 7.65; good butcher hogs, 140 to 160 7 250
7.40; good butcher pigs. 100‘to 140, 6.750’
A 7.00: light pigs, 80 to 100. 5.5006.00; heavy
rough hogs. 200 to 250, 6.5007 c.
f 4 Above quotations apply to corn-fed
hogs Mast and peanut fattened hogs, 1®
F l%c and under.
Prime Tennessee spring lambs, 60 to 75,
6.500)8.50; good Tennessee lambs. 50 to 60’
‘2 5.5006.00; mutton, sheep and yearlings
(ordinary), 3.00@4.00.
% Cattle receipts continue light: market
% strong and active on best grades.
Very few good steers coming in. the
'4 week's receipts consisting principally of
% cow's stuff, varying in quality and condi
% tion. Good, weighty cows in good flesh
*/s are ready sale at prices about a quarter
% higher than a week ago. Inferior grades
are a slow' sale at present quotations.
*.s Tennessee spring lambs in fair supply.
% Quality of present receipts unusually
!i good. Market strong on best grades.
% Hog supply about normal. Market
4 practically unchanged.
%
v,
NEW YORK PRODUCE MARKET.
,
, NEW YORK. July 5. Wheat weak:
4 July 1.14 asked, spot No. 2 red 1.15 in
elevator, 1.17 f. o. b. Corn weak; No.
2 in elevator hominal, export No. 2 80
4 f. o. b., steamer nominal. No. 4 nomi-
nal. oats weak; natural white 550 57.
■ Rye quiet, No. 2 nominal f. o. b. New
■4 York. Barley steady; malting nominal
c. I. f. Buffalo. Hay easier: good to
prime 1.0001.45, poor to fair 1.1001.35.
4 Flour steady; spring patents 5.5005.75,
4 straights 505.50. clears 4.85@5.
Beef steady: family 180 18.50. Pork
z firm: mess 20.50 0 21. family 200*21. Lard
4 steady; city stedni 1O';0 10%. Tallow
4 steady: city (in hogsheads) 6% bid,
s country (in tierces) 55,06%.
i —— T—
'« NEW YORK GROCERIES.
I, NEW YORK. July s.Coffee weak; No.
7 Rio spot 145k0145,. Rice firm: domes
tic ordinary to prime 4%05%. Molasses
steady; New Orleans open kettle 350)45,
Sugar raw quiet; centrifugal 3.77, mus
.. covado 3.27. molasses sugar 3.20, refined
' quiet: standard -granulated 5.9005.95, cut
loaf 5.80, crushed 5.70. mold A 5.35, cubes
5.25. powdered 5.25. diamond A 5.0505.10,
confectioners A 4.85. No. 1 4.85, No. 2
4.80. No. 3 4.75, No. 4 4.70.
I' 1 nu mi -iinTir irr r~iniriniiiiiriii i riiMi n <hihiiiiIIIMBIIMIXiIiW wwiihwjjj
ESTABLISHED IBGI
The Lowry National Bank
OF ATLANTA, GA.
CAPITAL - $1,000,000
SURPLUS - 1,000,000
Designated Depository of the United States,
I County, of Fulton, City of Atlanta.
INTEREST PAID ON SAVINGS.
WE OFFER '
STOCKS
100 ATLANTA & WEST POINT R. R. CO.
500 SOUTHERN SECURITIES COMPANY
200 ATLANTIC ICE & COAL COMMON
100 ATLANTIC ICE & COAL PREFERRED
300 SOUTHERN ICE COMPANY COMMON
? 200 SOUTHERN ICE COMPANY PREFERRED
‘ 100 THIRD NATIONAL BANK OF ATLANTA
t 200 MACON RY. & LIGHT 6 PER CENT PREFERRED
100 GEORGIA RY. & EL. 8 PER CENT GUARANTEED ffi 3 *
200 GEORGIA RY. & EL. 5 PER CENT GUARANTEED 1
200 GEORGIA RY. & POWER 4 PER CENT 2D PFD.
100 EXPOSITION COTTON MILLS
! 100 SOUTHWESTERN R. R. COMPANY
J. H. HILSMAN &CO.
‘ LANTA
PRICES OF GRAINS
IE DIEISLIIMP
Improved Argentine Reports,
Weak Cables and Favorable
» Weather Cause Decline.
ST. LOUIS CASH QUOTATIONS.
‘ I Wheat No. 2 red 113%@114
‘ Corn 73% @ 74
oats 47
J CHICAGO, July s.—There were losses
i of iy t c to in wheat this morning on
the weakness .in cables an<i general rains
throughout tho Northwest save in North
1 Dakota, where rain is not needed at the
moment -Argentine shipments were lib
eral. and there was some increase in the
visible supply.
Corn was "4 to 1 Lie lower on the grow
ing weather, which caused heavy selling
on the part of longs.
Oats were lower with the other ce
reals.
Provisions were fractionally better in
sympathy with the strength in hogs.
The rtbeat market was heavy today, the
< lose showing net declines ranging from
I'a on July to 2’, 4 to 2% on September.
Imai prices being about the low’ point for
the <la>. The main bearish influences
were good rains in the spring wheat
country, coupled w*ith weakness in the
foreign markets. There was considerable
short selling.
Corn was tn to 2% lower at the
close, ravorable growing condition® to
the belt frightened the longs in to un
loading.
Oats were \ to l%c lower. Heavy Wij
nidation induced by goow growing weath
er was the cause.
I‘revisions were heavy all day and
showed losses nil around at the clog*
J he market lacked support.
CHICAGO GRAIN MARKET.
Grain quotations:
wheat”'- High - Close. Close.'
J Ot} % 105% 1.05% 1.07
Sept 1.02 1.02*2 1.01 1 01 1 03%
103% 1.02 1.02
CORN
'J," ly 72 ™ 70% 72%
Sept. 69% 69% 67% 67% 69%
/ * 6St/i 581 *
July 44 44 42% 42% 44%
‘^ ept 37 ‘’ 36% 36% 37%
1 „.? 8 rt 381 *
PORK-
* Jly 18.35 18.35 18.32% 18.32% 18.40
Spt 18.99 18.95 18.72% 18.77% 18.82%
' Oct 18..0 18.70 18.70 18.70 18.75
i,ARD
Jly 10. in 10.70 10.70 10.70 10.75
Spt 10.92*2 10.92% 10.85 10.90 10.95
' 02 ''’ 11 ' 02 ' 4 10 95 10-97% 11.02%
1 Jly 10.42% 10.42*2 10.37% 10,37% 10.40
Spt 10.62*2 10.62% 10.50 10.55 10.60
j Oct 10.42% 10.42% 10.37% 10.37% 10.50
! CHICAGO CASH QUOTATIONS.
1 CHICAGO. July s—Wheat. No. 2 red,
1.06*20 1.08%; No. 3 red. 1.030'1.07: No. 2
hard winter. 1.0601.08: No. 3 hard win
ter. 1030 106%; No. 1 northern spring,
1.130 1.15; No. 2 northern spring. I.ll®
. 1.14; No. 3 spring. 1.0401.11.
Corn. No. 2. 705,: No. 2 white. 75%@76;
I No. 3 yellow. 720.725;: No. 3, 69@71% : No
. 3 while, 74%@75%; No. 3 yellow, 71*,@>
71%; No. 4, 660’70: No. 4 white, 70071;
No. 4 yellow. 65%@70.
Oats, No. 2. 48043; No. 3 white 45*--’’
; 47; No. 4 white, 460 46%; Standard. 47%
@4B %.
t
? CHICAGO CAR LOTS,
f
Following are receipts for Friday and
1 estimated receipts for Saturday:
( I Friday. - I Saturday.
Wheat * 6 T?
Corn ........ 176 274
•Oats 90 176
Hogs i 15,000 13,000
LIVERPOOL GRAIN MARKET.
Wheat opened %d to l%d lower: at 1:30
p. m. was %d to 2d off. December %d
lower. Closed %d to 2d lower.
Corn opened %d to s;d lower; at 1:30
i p. m. was %d lower on July to ’£<l lower
on September. Closed %d lower.
COTTON SEED OIL.
NEW YORK. July 5. —Carpenter. Bag
got * Co.: The cotton seed oil market
was firm with early prices up 4 to 7 points.
Offerings were small, and there was im
proved outside demand as well as cover
ing. The buying movement appeared to
have been prompted by the firmness in
cotton, some improvement in domestic
consuming demand, and the belief that the
market had been oversold.
Cotton seed oil quotations:
I Opening, i Closing
Spot I ... ..... 6.83@7.00
July 6.8806.90 6.8606.90
August I 6.9«®7.00 6.9306.94
September . . . . 6.730 7.15 7.08@7.09
October } 6.9706.99 6.9306.95
November j 6.4006.44 6 4606.47
December 6.3806 40 6.3506.37
January I 6,3706.40 I 6.35@6.37
Closed weak; sales 18,600 barrels!
17