Atlanta Georgian. (Atlanta, Ga.) 1912-1939, July 08, 1912, FINAL, Page 15, Image 15
ffiT AND GOSSIP
OONEWS
Country Is Less Under the Heel
of Capital Than at Any
Previous Time.
By B. C. FORBES.
york. .July B.—Last Thursday
na s nearer a real ••Independence Day"
than the United States has known for
. wf ,'p«ade3. And July 4. 1913. should be
nearer -if it isn't the fault will be
nur non. Is not the country throwing off
, shackles? Are not the people—the
■a i, everv-day wotkera and voters
raking a successful effort to come Into
■rest own? ft is less true today than it
formerly that "the country is under
,|- e heel of capital." None knows this so
well as capital And. happily, the better
f . erts are willing that ft should he so,
ic a greater extent than yet experienced.
The leaven of democracy has spread to
th? more enlightened of our capitalists.
Strife-mongers will vehemently deny
th ? They will point to glaring viola
tions of the Golden Rule by certain piuto
rrats. Thej will direct attention to the
revelations made by recent investigations.
They will triumphantly show that more
than one capitalistic group has'sebemed
to divide the country into zones, each zone
>o be exploited by one group. The daily
Vseoveries concerning the shipping pool's
.ha'-p practices, the uncovering of un
.-erupulous tactics by the old sugar trust,
the iniquities of the oil trust, the merci
less tactics of the tobacco trust—all these
and a score of other condemnatory de
velopments will be enumerated to prove
that Big Business is as black as it can
possibly be painted.
That was in the past. Has there been
no reform since? The incurable pessi
mist. the hypochondriac, may reply:
"Oh. yes. Look how beatific the oil
trust has been since it ceased to control
the industry. Look how it gracefully re
linquished its hold on the Waters-Pierce
I'ompany. Look how prices of oil have
declined. And the poor, hounded tobacco
trust. Look how it has suffered through
the savage attacks of the government. Its
securities have only gone up in value a
score or more millions, just as the sub
sidiaries of the oil trust recently sold at
the highest quotation on record. Then,
look how the coal trust has been sancti
fed. When its employees wgre granted
a small increase in pay. did the coal
barons accept this as their share of the
general increased cost of existence? Or
did they seize upon the incident as an
excuse to give the screw a fresh turn upon
the thumb of the defenseless household
er not the large corporate consumers
who might have transferred their custom
to soft coal producers?"
• • »
There would he as much truth as cyni
cism in these charges. And yet -well,
we are marching toward independence,
toward independence not only of capi
ta! 'hat seeks to be unjust, but of In
triguing political bosses.
« * »
The action of the coal trust is to be
regretted b? all who would strive for
more amicable relations between capital
end the people. There can he little ques
'ion that it was an abuse of monopolistic
power, for no attempt was made to raise
the nri'-e of that part of the output in
"■lnch no monopoly exists. Is It not plain,
therefore, that it was the monopolistic
power which made the indiscriminate poß
’ b!« Every champion of fair dealing all
round, every advocate of moderation on
the part of entrenched power, every-well
■•f both capital and labor can but grieve
the establishment of harmonious feel
ing has been retarded by the short-sighted
P* ’ 1 y pursued. The sooner the govern
ment removes this source of rancor the
! ei'er alike for producers and consumers,
f " r if the present statutes are impotent
'!' prohibit, such highhanded conduct, the
' "ai Trust may be assured that effective
'gtdation will be brought forward. And
’• t last state of the Trust may be worse
titan its first.
x " unprejudiced observer of the evolu-
Aon row goi ng on politically, financially
shi industrially will claim that there has 1
'" f r nation-wide regeneration. But
' ::ig has been accomplished. Regu
aiic'i , f railroads is complete. Regu
'ahun of industrial combinations has not
c ' been made effective, but will be be
'Te many sessions of congress pass. The
"f Rig Business over elections
rn received a body-blow. The political
■ ins been torn from his pedestal in
s ; a,f “- s - T' l ® voice of the people is
sienw to as never before. And the will
~ ’ people is destined to be made the
.’nr land more often hereafter
-ian it has been heretofore.
' " fL a re steadily attaining gen
,!'* dependence. Let it not be forgo'-
""ever. that eternal vigilance is the
..... ". bberty. In throwing off the tyr
.' T ' apital, care must be exercised
W ud ,v' against creating a tyranny of !a
even P mus ’ Btrl ve to hold the balance
Ready Money—Abroad
1 F YOU TRAVEL ABROAD AND
’ carry one of our Letters of Credit or
Travelers' Cheques, you will be able to
enjoy the many and great conveniences
of having Ready Money wherever you
travel, and avoid the dangers of carrying
cash around with you.
In addition to this distinct advantage
is your knowledge of the exact amount of
foreign money you are entitled to receive
in exchange for your American dollar —a
very vital consideration.
Lome in and let us fully explain the
matter to you. and enable you to save
time, avoid delays, and derive the full en
joyment of your tour.
Atlanta National Bank
C. E. CURRIER. JAS. S. FLOYD, J. S KENNEDY.
President. Vice “-es'dent Ag»t. Ceshler.
” e. BLOCK. geo. R DONOVAN. J D LEITNER,
-e President. Cashier. Asst. Cashier
JUDGE ARCHBfiLD
HIT GT PROBEfIS
His Moral Responsibility Dead
ened. Say Committee’s Ar
ticles of Impeachment.
WASHINGTON. July B.—Th» judi
ciary committee of the house presented
to that body today the articles of im
peachment against Judge Robert \V.
Archbald, of the commerce court, who
is characterized as "one whose sense
of moral responsibility has become
deadened." The presentation of lite
charges, eon-isting of thirteen articles
of impeachment was one of the most
solemn proceedings witnessed in tlie
house in years.
Chairman Clayton, of the judiciary
committee, made the report, the adop
tion of which will mean the trial be
fore the senate of Judge. Archbald.
In his sweeping indictment the com
termed by the judiciary committee as
one who has “prostituted his high of
flee for personal profit
The resolution charges in the cus
tomary form that Judge Archbald has
been guilty of "misbehavior and high
crimes and misdemeanors."
"Has Degraded His Office."
The- impeachment proceedings grew
out of the now famous culm bank deals
in which the judge is attributed to
have been interested in Pennsylvania,
and the papers of impeachment con
tain a lengthy review of the recent
hearing before the house judiciary com
mittee.
In nts sweeping indictment the com
mittee declares to the house:
"Your committee is of the. opinion
that Judge Archbald’s sense of moral
responsibility lias become deadened. He
has prostituted his high office for per
sonal profit. He has attempted by va
rious transactions to commercialize
potentiality as a judge. He has shown
an overweening desire to make gainful
bargains with parties having cases be
fore him. To accomplish this purpose'
he has not hesitated to use his official
power and influence. He lias degraded
his high office 'and destroyed the confi
dene of the public In his judicial in
tegrity. He has forfeited the condi
tion upon which he.holds his corjimis
sion and should be removed from office
by impeachment."
To Vote Tomorrow.
In presenting the Archbald report to
tlie house today Chairman Clayton of the
judiciary committee, asked that the re
port might be printed in the record and
gave notice that he will ask for action
upon it tomorrow. Beyond the formal
filing of the report and the reading of its
conclusions today by Mr. Clayton the
house took no action upon the Archbald
impeachment proceedings. The report
probably will come to a vote immediate
ly after the reading of the journal at to
morrow's session.
PASSENGER WHO GOT
ON THE WRONG TRAIN
ASKS SI,OOO DAMAGES
R. E L. Wray has asked SI,OOO dam
ages of the Southern railway and the
Atlanta Terminal Company, in the supe
rior court, because he got on the wrong
train when leaving the Atlanta station.
He asserts employees of the two compa
nies instructed him to board a train for
Chattanooga when lie wanted to go to
Baltimore; that he rode as far as Aus
tell. and was there forced'off the train.
He then returned to Atlanta and had to
wait until next day to begin his North
ern trip.
WEATHER MAN SAYS
IT'S NOT HOT: ONLY 84
it’s not very hot. the weather man
says. It's just the humidity of the
atmosphere that makes Atlantans un
comfortable just now, according to Un
cle Sam's experts. The maximum tern
perature for today was 84 degrees and
there is very little indication of a
change. Light showers are expected,
as usual
JAMES J. FLYNT IN RACE
FOR R. R. COMMISSIONER
James J. Flynt. of Spaulding, former
president of the senate, announced
positively today that he will be a can
didate for one of the vacancies on tlie
railroad commission Mr. Flynt had
been generally looked upon as a prob
able entry. His formal announcement
will be made within the. week.
xHE ATLANTA GE(
j NEWS AND GOSSIP
[ Os the Fleecy Staple
NEW YORK. July B.—Carpenter, Bag
got & Co.: The Memphis Commercial-
Appeal says: Too much rain over the
cotton belt acted as a deterrent to the
normal growth of the plant during the
past week, and in many parts of the belt
did actual damage that may not be over
come during the remainder of the sea
son. The growth of the plant was not
up to normal except in the western por
tion and in South Carolina in the east.
Cultivation was retarded in all parts of
the belt, and grass and weeds have
gained a foothold In the fields of the cen
tral and eastern portions, rendering their
eradication a serious problem. The lack
of proper growth in the remainder of this
portion of the belt adds further to the
lateness of the plant. In the west the
plant made excellent progress, especially
in Oklahoma and Texas, where splendid
conditions of the previous week continued.
Rainfall was more than was needed in
this part of the belt, but caused no dam
age. The plant is fruiting nicely, but
generally one to four weeks late, varying
with location. The crying need of the
cr< p is warm weather, with plenty of sun
shine and a cessation of rain. Damage
from boll weevil lavages so far has been
inconsequential. No reports are made of
tlie cotton a: my worm.
Profit-taking , has been heavy today.
.Many say ring is getting along.
Pell heavy seller through Riordan, Wa
ters and Schill.
Dallas wires: "Texas and Oklahoma
generally clear and warm; light showers
Cleburne. Henrietta. Tex., yesterday."
Following are 11. a. tn. bids: July 11.88,
October 12.18. December 12.26. January
12.24.
The weather bureau predicts continued
warm weather over the interior middle,
and southern districts during the week.
In the south Atlantic and east Gulf
states the showers will probably be less
frequent than during last week.
New York wires Pell has sold about
8.000 bales so far.
The New Orleans Times-Democrat re
ports on condition as of July 4. as follows:
Acreage probably been decreased about 8
per cent. Outside of Texas reports leave
much to be desired, the crop being ex
tremely late and spotted as a rule. Con
dition in Texas is high and a large yield
is expected. There is a good deal of con
cern as to prospective damage by insects
of various sorts, but it is too soon Io
make definite forecasts: supply of labor
generally plentiful, and no trouble ex
pected on this score. Present situation
may be summed up by saying that,
throughout most of the belt the lateness
of crop whl make date of frosts supreme
ly important.”
Correspondents report on the cotton
crops as of July 1:
1. The acreage probably has been de
creased by about 8 per cent.
2. Outsiue of Texas, rhe reports leav?
much to be desired, the crop being ex
tremely late and spotted, as a rule.
3. The condition In Texas is high and
a large yield Is expected.
4. 'there is a good deal of concern as
to prospective damage by insects of va
rious sorts, but it is too soon to make
definite forecasts.
5. The supply of labor is generally plen
tiful and no trouble is expected on this
score.
6. The present situation may be summed
t'P by saying that, throughout most of the
belt the lateness of the crop will make
the date of frost, supremely important.
Estimated receipts Tuesday:
1912 1911.
New Orleans 125 to 150 490
DAILY WEATHER REPORT.
Lowest temperature 68
Highest temperature 84
Mean temperature 76
Normal temperature 77
Rainfall in past 24 hours 00
Excess since Ist of month.... 60
Excess since January 1 17.20
REPORTS FROM VARIOUS STATIONS.
|Temperaturelß’-fa!l
Stations— I Weath. I 7 | Max. I 24
l_ ia m. ly'day.lhours.
Augusta ...ICloudy I 72 I .. I 0.92
Atlanta ißalning' 70 1 84 I ....
Atlantic City.(Clear ! 78 84 ....
Anniston (Pt. cldy.i 76 84 ....
Boston iClear 76 84 ....
Buffalo Pt. cldy. t 78 86 I .. ..
Charleston ...ICloudy 1 78 80 ! 1.38
Chicago ... . .ICloudy 72 84 1.80
Denver Pt. cldy.i 66 j 86 ....
Des Moifies . .ICloudy 1 74 I 92 ....
Duluth 'Cloudy 64 ■ 76 ....
Eastport .... IClear I 66 j 70 ....
Galveetori .. . ..Pt. cldy. 80 84 ....
Helena IPt. cldy I 44 62 ....
Houston .... |Pt. cldy.i 76 1 ....
Huron ICloudy 66 80 0.80
Jacksonville .'Clear 80 86 0.60
Kansas City .'Clear 76 I 90 ....
Knoxville ... Clear 72 88 ; ....
Louisville .... ICloudy | 76 I 88 I ....
Macon ICloudy i 72 I 84 0.42
Memphis Cloudy 74 90 | ....
Meridian ICloudy 1 74 1 0.18
Mobile Pt. cldy 78 84 0.24
Miami ICloudy I 80 I 84 I . ...
Montgomery .'Pt. cldy.: 76 i 88 I ....
Moorhead .. .ICloudy 66 9n ....
New Orleans 'Raining! 74 88 0.12
New York ..'Cloudy 76 I 84 ....
North Platte . Pt. cldy. 68 94 ....
Oklahoma ..IClear 72 90 ....
Palestine 'Clear 76 94 ....
Pittsburg .Clear 78 90 ....
Portland. Ore. Pt. cldyl 54 64 ....
San FranciscolClear ! 52 64 ....
St. Louis .... Clear I 74 I 86 ....
St Paul . ... Cloudy 70 88 ....
Salt Lake City,Clear 58 84 ....
Savannah .... I’t. cldy 78 ....
Washington ..IClear I 78 J 90 .. ■ ■
C. F. VON HERRMANN.
Section Director.
COTTON SEED OIL.
Cotton seed oil quotations:
I Opening. l_ Closing
Spot I I 6.75 0 6.95
July I 6.8006.95 6.7906.85
August I 6.8706.88 6.8206.85
September I 6.9907.00 6.9706.98
October I 6.8706.88 . 6.850'6.87
November ' 6.350'6.38 I 6.3106.32
December I 6.3006.35 I 6.3106.32
I 6.3106.35 I 6.30@6_.32
Closed steady; sales 18.000 barrels.
DEATHS AND FUNERALS
R. J. Tuggle.
The. funeral of R. J. Tuggle. 62 years
old. who died at East Lake yesterday,
was held at Wesley's chapel today at
noon. Interment was in the chapel yard.
Mr. Tuggle is survived by one sister, Mrs.
T. J. Jackson, of Atlanta.
Carlev Evane.
The funeral of Carley Evans, 9-.'ear-old
son of Mr. and Mrs. W. F. Evan’, who
died early yesterday, was held at the res
idence. 196 Courtland street, today in
terment was in Westview.
Mrs. Mary McCardle.
Mrs Mary McCardle. 65 years old. of
30 East Harris street, died at a sanita
rium early today. She is survived by one
sister. Tlie body was taken to Bloom
field & Burkert's chape!, and will later be
carried to West Chesterfield. N Y . for
funeral and Interment.
Clifford Austin.
Clifford Austin, three-year-old son of
Mr. and Mrs S. C. Austin, who died
yesterday, will he buried in Westview
cemetery late today. The little felloty
died at a private sanitarium after a
short illness.
Mrs, Mary Warred. 75 years old. who
died In an Atlanta sanitarium early today,
lies at Greenberg & Bond's chapel await
ing the funeral. The services will be
held theer tomorrow morning at 10 o'clock.
Interment w 1 !! be In Westview. Rev. W.
Wilson officiating. Mrs. Warred is sur
vived only by distant relatives.
Mrs. M. S. Sulunias.
Mrs. M. S. Sulunias. wife of a whole
sale fruit dealer, who died at the fam
ily residence. 570 White street, nas
Miss Cora Murray, an Atlanta gill,
before iter marriage several years ago.
The funeral 'crvices, to be held at
Poole's chapel tomorrow morning, will,
be attended by a number .of ••elatfc.i
in this city Mu and Mrs. Sulunias
n ere me ••ied in Xtlanta more than ter
’•ears ago
RGIAN AND XEAVS. MONDAY. JULY 8. 1912.
COTTON SLUMPS
ON HEAVY SALES
Profit-Taking by Professionals
and Commission Houses
Causes Drop.
NEW YORK. July 8. -There was fair
buying by the public today at the open
ing of the cotton market, with the result
that first prices were 5 to It points higher.
The cables were also.firm and several
points better than due. There was heavy
selling by several brokers at the outset,
but this was more than offset by the
demand. After the call the activity in
creased with prices from 9 to 10 points
higher than on new crop positions.
At noon the market was under heavy
selling pressure by some of the big pro
fessionals and commission taking profit.
I bis caused a weak tone to develop upon
the market, and a downward movement
in prices, carrying quotations 3 to 11
points below the opening figures. The
iate weather forecast reported favorable
conditions over the larger portion of the
belt.
At the close the market was steady,
showing net losses of 4 to 8 points below
the final quotations of Saturday.
Warehouse stocks in New York today,
124.344; certificated. 106,72').
RANGE IN NEW YORK FUTURES. _
i i o St; I sl
| O 5 _l utO U i-U
July ".TL84R1.9211L74|11.74|11.74-75111778779
Aug. it 1.9Z|12.00|11.85iH ,83|11.81-83|11.85-87
Sep. ; 12.0111^,08111.91111.91111.91-93 A1.94-95
Oct. |12.12|1a.21|12.01|1.2.03|12.0z-03;H!.07-09
Nov. ; ! | i 11Z.04-05H2.09-10
Dec. ilZ.Zli 12.33112.1.0)12.12112.1.0-12'12.16-17
•lan. 112.JU12.30 12.06112.06! 12.01-08112.14-15
Feb i | itz.lo-12)12.18-19
Mar. ! 12.27)12.36112.15i 12.15112.14-15112 20-22
May _1.2.35)12,36112.19:12.19 1 -.18-19112.26-28
Closed steady.
■ Liverpool cables were due 11'5 to 1315
points higher, opened steady 1.5 points
higher, and 12:15 p. m. were steady 12>/5
to 14 points higher. Spots in good de
mand 11 points higher: middling, 695;
sales, 9,500 bales, including 9,000 Ameri
can: imports. 2,000, all American. Later
cables ',2 to 1 higher than 12:15 p nt.
At the close Hie market was very
steady, showing a net gain of 16 to 16'5
points over the final of Saturday.
RANGE IN LIVERPOOL FUTURES.
Futures opened firm.
Range 2 F. M Close. Close.
Opening t’re.
July. .. . 6.73 -6.721? ... 6.77 6.61
July-Aug. 6.71 -6.715 s 6.74 6.76 6.60
Aug.-Sep. 6.66 -6.641 s 6-711? 6.73% 6.57
Sep.-Oct. 6.60 -6.58% 6.65% 6.66% 6.50%
Oct.-Nov. 6.56 -6.56 6.59% 6.61 6.44'A
Nov.-Dec. 6.55 -6.54 6.56 6.58 6.41 %
Dec.-Jan. 6.55 -6.53% 6.53% 6.57 6.40%
Jan.-Feb 6.55 -6.54% 6.54% 6,57 6.41
Feb.-Mar. 6.56 -6.55% 6.54 6.57% 641
Mar.-Apr. 6.55%-6.56 6.56 6.58 6.41%
Apr.-May 6.58 -6.56% 6.53% 6.42%
May-June 6.56% 6.59 6,42%
HAYWARD & CLARK’S
DAILY COTTON LETTER
NEW ORLEANS. July 8. —Liverpool ad
vanced as much as 16 English points,
against about 12 points liigner due, and
quoted spots tl points higher. Washing
ton predicts a week of slightly warmer
weather; mostly fair, but occasional
thunder storms with probably less precip
itation than during past week. The map
shows fair weather: no rain in western
belt; cloudy and general showers in east
ern belt, but precipitation mostly light
except on the Atlantic coast district,
where heavier rains occurred. Indications
are for fair weather in Western states:
much warmer in northwest portion.
Cloudy with local showers in the central
and eastern states.
Our market advanced to 12.40 for Oc
tober iu early trading, but was checked
by heavy realizing in New York and sell
ing by straddlers on the large difference
of 25 points from New York. The. gov
ernment dally weather forecast of local
showers for the cehtral and eastern
states gave the market, another bullish
impulse, which carried October to 12.45.
Heavy realizing by New York bulls then
weakened the market again to 12.28.
Pell & Co. are reported large sellers.
The weekly weather report tomorrow Is
expected to be bullish, but the map shows
prospects for clearing weather bv Wed
nesda v
RANGE IN NEW ORLEANS FUTURES.
_=_| = ’|h B_| f.j
July 113.94112794112.
Aug. !12.64H3.65 12.60112.e0112.55-57|12.57
Sep 112.38-40)12.45-47
Oct 12.39'12.45 12.22 12.24112.23-24 12.30-31
Nov. )12.22-24112.30-32
Dee. >12. 40112.45.12.22112.24'12.34-25112.31 -32
Jan. 12.44 15 48 12.2712.28 13.28-29 11.34-35
Feb. 12.32-35:12.57-59
Mar. 112.49112.53|12.34; 12.36|12.36-37112.40-41
May_
Closed steady
SPOT COTTON MARKET.
Atlanta, stead} : middling iz'i.
New Orleans, firm; middling 126».
New York, steady: middling 12.15.
Liverpool, steady; middling 6.95 d.
Savannah, quiet: middling 12c.
Augusta. <iufet; middling 1214.
Mobile, steady; middling 11%
Galveston, steady; middling 12%.
Norfolk, firm; middling 12%.
Wilmington, nominal.
Little Kock, quiet: middling 11%.
Charleston, nominal: middling 11%.
Baltimore, nominal: middling 12c
Philadelphia, steady: middling 12.40.
Boston, steady: middling 12.15.
Memphis, steady; middling 12%.
St. Louis, quiet: middling 12%.
Houston, steady: middling 12%.
Louisville, firm: middling 12c.
PORT RECEIPTS.
The following table shows receipts a'
the ports today compared with tlie same
day last year:
I 1912. | 1911.
New Orleans. . . . -589 916
Galveston 197 7
Mobile 37
Savannah 37 283
< "harleston I 5 ...
Wilmington ' .... 86
Norfolk 285 16
Boston . . 9
" Total I L4f3 | 17318 ~
INTERIOR MOVEMENT.
' r~i9i2. i ~~TatT.
Houston 455 ' 8S
Augusta dR 27
Memphis 13H 311
St. Louis 538 75
Cincinnati 644 ' 235
Little Rook . 2R
~Total~ | 1,811 j 732 _
COTTON MARKET OPINIONS.
Rally a Montgomery: It will probably
require a period of good weather to un
settle values, whereas a few days of bad
weather would go far to strengthen the
positions.
Miller Co.: 5Ve think the advantage
is with the bulls.
.1. S. Bache Co.: We believe the
trend to be upward and advise purchase?
of distant position’ on any mar<et reac
tion.
Stemberger. Sinn a- Co.: We think ve
should have higher prices.
Thompson. Towle A- Co.: We favor the
long side of the market.
NEW YORK GROCERIES.
NEW YORK. July B.—Coffee barely
steady: No. 7 Rio spot, 4%0'4%. Rice
steady: domestic, ordinary to prime. 4%0
5%. Molasses quiet; New Orleans, open
kettle. 350 45. Sugar, raw. quiet: cen
trifugal, 3,77; muecovado. 3.27: molasses
sugar. 3.02; refined steady: standard
granulated. 5 000 6.05; "ut loaf. 5 80,
f’-oshed. .5.70, mold 5. 5.35: cube?. 520:
powdered. 5 25. diamond A 5 05» confec
tioners X. 5 00. No. I. <35. No. 2. 1.85.
NO 3. 4.80. So. 4. 4 75.
STOCKS DECLINE
ON LIODIOJTION
Industrials Lead in the Drop.
Trading Active. But Tone
Shows Weakness.
By CHARLES W. STORM.
YORK. July B.—Nearly all the im
portant railroad and Industrial stocks
sold ai sharp recessions at the opening
of the stock market today, trading re
flecting a disturbance of speculative po
sitions by the showings of the bank state- I
men! on Saturday. There was an ab- ]
sence of demand, but after fifteen minutes,
a steadier tone set in and some of the
ssues rallied. Reading and Lehigh Vai- ]
ley acted In unison, declining % from
Saturday's closing. Amalgamated Copper
and I nlted States Sti.c! common were % !
lower. American Smelting was % lower, i
Canadian Pacific was one of the few is
sues making a gain. It opened at 26654,
a gain of •%.
Southern Pacific. Baltimore and Ohio,
l.rie and Pennsylvania were unchanged.
Union Pacific lost %.
'I he curb was quiet. Americans in Lon
don were listless. Canadian Pacific in
London rallied.
A heavy tone prevailed in the late fore-'
noon and losses tanging around I point I
were sustained in a number of issues. !
boston and London were prominent sell
ers of nearly all the active issues, and I
particularly Amalgamated Copper and |
United States Steel.
Speculation sentiment continued bear- ’
ish throughout the afternoon, and further ]
declines were sustained in a number of i
issues. The copper stocks suffe-ed to
the greatest extent. Amalgamated Coo
per. Utah Copper and the American
Smelting all yielded over 2 points from
Saturday’s final. Boston houses were ag
gressfve sellers, many attributing the
bear movement there to Thomas W. Law
son.
Tlie market closed steady.
Governments unchanged; other bonds
steady.
Stock quotations:
l Last | Cits I Pre’
STOCKS— IHlghlLowJSaie I Bid.lCt's*
Amal. Copper.' 83 I 80%j'80%! ST";~83“»4
Am. Ice Sec...l 36% 26 ;26 25’4! 27
Am. Sug. Ref..!129%!138%it29%h28%|129%
Am. Smelting 84 82 I 82%' 81% 84%
Am. Locomo... 43% 4:;%: 42%’ 42% 43%
Am. Car Fdy.. 58% 57% 58 57% 68
Am. Cot. Oil . 53',! 53 53 52%> 53%
Ant. Woolen 27 27%
Anaconda .. .. 41%’ 39% 40 40% 41%
Atchison 'IOB% 108 % 108 % 108 JOB%
A. C. L 139 135 1139 ,139 140
Am. Can 34%: 33% 34 ' 33% 34%
do. pref . . ' 17'.'116% ; 11.6%!116% 116%
Am. Beet Sug. 74 72%l 72%! 72% 73%
Am. T. and T.H.45% ,145% 145‘4 11441145«. i
Am. Agricul. i ....! 59 60%
Beth. Steel .. 37%! 36%! 36% 36%| 37%
B. R. T I 92%| 9J%i 92 q 92 I 92%
B. and O . . ..!108%|107%1108 i107%J05%
Can. Pacific ... 267 '266 266 '266% ! 266
Corn Products 15%| 15% !5%i 15% 15%
C. and 0 80%l 79 j 79 |.79% ....
Con-of. Gas . J143%1142%'142%1142% 144
Cen. Leather . 37 j 26 I 26 ' 1 25% I 26%
Colo. F. and LI 30%l 30%l 30%1 30 ! 31
Colo. Southern .... I .... I 38 I 38
D. and H <1.67 :166 H 66 !165%<167
Den. and R. G 19 19
Distil. Secur... l ....; .... .... 32% 33%
Erie I 34%; 34%: 34% 3414 34%
do. pref. ... 52%| 52 52% 51% 52%
Gen. Electric .!179%|178%d78% 178%i180
Goldfield Cons. 4 4 4 4 I 4
G. Western .. 17%! 17 | 17% 17%! 17%
G. North.. pfd.:l3B 1138 137% 137 |137%
G. North. O.e. 44 42% 42% 42%: 43%
Int. Harvester 118 !120%
111. Centra! ... 1 ::8% 128%, 128% H2B !128%
Interboro 21.%: 20%1 20% I 20%' 21%
do. pref. .. 59%l 59 59 59%! 60%
lowa Central 10 10
K. C. South... 25% 25% 25%l 25 25%
K. and T ! 27%j 27 I 27 I 26%! 27%
do, pref. . % .... I .... ~. .' 60%| 59%
L. Valley. . .169 1157%|168 <1.67%j165
L. and N.. . . 160% 159%<1.59% 159%'169%
Mo. Pacific . 36%l 36%| 36%' 36%’ 36%
N. V. Central !116%'115%!115%|n5%|n?
Northwest ....' .... |136%|136%
Nat. Lead. . .’ 58%l 58% 58% 58 > 58%
N. and W.. . . 115 1J3%! 113% IL4 %; 115
No. Pacific . . ]33%|123%|122%!122%|11 ) .2%
O. and W.. . . 33%: 32%! 32%: 32%, 334
Penn 124 124 124 1123%'124
Pacific Mail . 31% 31%: 31.%| 31 41%
I'. Gas Co. . . 115‘., 115 115 114% 115%
P. Steel Car ...J .... 35 1 35%
Reading . . 165% 163% 163% 163% 166
Rock Island . 24%| 24%: 24%! 2'4%| ....
' do. pfd.. . . 50% 50 : 50 49%: 50%
R. I. and Steel 27%: 1 26 : j 3 ; 27%
do. pfd. 84 81 84 ■ 84% 84
S. -Sheffield. .56 55% 55% 55 1 56
So. Pacific . 109%1109 <lo9', I'D 1 ., ■ 10'4%
So. Railway . 29%; 29 I 29%! 29 I 29%
do. pfd.. . . 77% 76% 77 | 76% 77
St. Paul. . .105 !108%H04%H03%1105
Tenn. Copper . 43 < 42%' 42% ! 43% 43%
Texas Pacific 23% 23 23 ... 23
Third Avenue . 39%
Union Pacific T68%'166%:1.67%.167 H 68%
U. S. Rubber : 34%! 53%! 53%; 53% 54%
Utah Copper ' 62%! 60%: 60%l 60%l 62%
U. 3. Steel . . 70%' 68% I 69 ' 58%: 70%
do. pfd.. . .!I12I<!111%|111%|111%|111%
V. Chem. . 49%! 48%i 48%l 48%l 49%
West. Union . 82 82 82 81% 82
Wabash .... 4% 4% 4 ; . 4'% 4%
do. pfd.. . . 13% 13 13%! 13%’ 13%
West. Elec. . . 77 76 76 76% 77
Wist. Central al %: 51 %
W. Maryland. 57% 57%
Total sales. 555,50 b shares.
MINING STOCKS.
BOSTON. July B.—Opening: Smelter
47. North Butte 32. Calumet and Arizona
75. Isle Royale 35%. East Butte 13%.
METAL MARKET.
NEW YORK, July B.—The metal mar
ket was easy today. Standard copper
spot, 1.6.75017.25: July. 16.75017.25; 4t
gust. 16.87%017.25: September. 16.900
17.10: lead. 4.000 4.80: spelter. 7.200 7.40:
tin. 45.00@45.25.
UOCAU STOCKS AND BOND*
814 Ask-fl
Atlarpe * ’Vest Point R R .. 14»
American National Bank. . 215 220
Atlantic Coal * Ice common. 104 io--
Atlantic Coal A- Ice pref SI
>.t:an-a Brewing A- l«e C 0... If*
Atlanta National Bank 329 330
Central Bank A- Trust Corn 150
Hxeos'llon '.V.tfnn Mill’ ’«« I
Fourth National Bank. ... 260 255 1
Fulton National Bank. -25 )3n
Ga Rv <• Elec, stamped. . 1% )■><
,: a , Ry & Pow Co., common 27 3n
flo. i»t pfd. <9 gs
do 2d pfd 46 471 J.
Hlllyer Trust Company I’s
iowry National Bank :<$ jjn
Realtv Trust t'o’unanv m Hl)
S’xth Wa-d Bank »«% ; h|
Southern Ice common. ..68 70
Third National Bank. new. 230 335
Trust Co of Georgia 225 [<3s
Traveler* Hsnk A- '1 rtt’t Co |?j
BDNDS
Atlanta Ga« Light Ist 55.... 101% 105
Georgia state «%’ I’tS .... 191 |S|
Georgia M'rHand Ist I’ ..... . Sa st
Ga Rv X Flee Co Rs 101
Ga Rv X- Elec ref Ks st 99x,
Atlanta l ....sollrtated Rs 102%
Atlanta Cltv 3%5. 1931. ... 91 931;
Atlanta City 4%5. 1921 192 103
■outharn Roll R» ♦♦%
NEW YORK PRODUCE MARKET.
NEW YORK. July 8. Wheat steady:
September 1.04%0 1.05%. spot No. 2 red
1.12% in elevator and 1.14% f. o. b. Corn
weak; Xo. 2 In elevator nominal, export
X'o. 2 74% f. o. b.. steamer nominal. .Xo. 4
nominal. <>ats easy; natural white R!.'%o
54' ... white clipped 53U056. Rye quiet:
No. 2 nominal f. o. b. New York. Barlev
steady: malting nominal c. I. f. Buffalo
Hay steady ; good to prime 1.0001.45, poor
to fair 1.15.
Flour steady; spring patents 5.4505,70.
straight?: 50 5.50. dears 18505.10. winter
patents 5.6505,85. straights 5 1505.35.
clears 4.500 5.
Beef steady, family 180 18.50. Pork
firm, mess 20.500 21. family 20021 LeM
sieady: city steam 10% nominal, midfils
'Vest snot 10.70 asked, 'fallow quiet; citv
tin hogsbeadsi 6% nominal, cour.tr> tin
'.lerces'F 5%G6%
pTHE WEATHER J
Conditions.
WASHINGTON. July 8.- Warm weath
er will continue tonight and Tuesday over
the eastern half of the country, and prob
ably on Wednesday and Thursday. Thun
der storms, however, tonight <>r Tuesday
over tlie lake region, the Ohio valley and
the South will afford temporary relief.
General Forecast.
Georgia—Local shewers tonight or
Tvesdaj .
Virginia—Generally fair; continued
warmer tonight and Tuesday.
North and South Carolina. Florida.
Alabama and Mississippi -Local showers
tonight or Tuesday.
I.ouisiana—Unsettled showers.
Arkansas Unsettled showers.
Oklahoma Fair.
Fast Texas and West Texas Unset
tied.
| ATLANTA MARKETS
EGGS -Fresh country candled, 17018 v.
BUTTER—Jersey and creamery, tn 1-lb.
blocks. 20@23%c; fresh country dull, !0@
12%c pound.
DRESSED POULTRY—Drawn, bead
and feet on. pet pound: Hens 16@17c,
fries 25@27c, rooste r s B<fi 10c. turkeys,
owing to fatness 18020 c.
LIVE POULTRY—Hens 400 45c. roost
ers 250135 c, fries 300150 c. broilers 200.25 c,
puddle ducks 25030 c. Pekin ducks 400)
45c. geese 50@< : 0c each, turkeys, owing
to fatness. 14@15c.
FRUITS AND PRODUCE.
FRUIT AND VEGETABLES- Lerr.ot.B.
fancy. $4.5005 per box. Florida oranges.
$30,3.50 per box Bananas, 3®3%c per
pound. Cabbage. I@l%c per lb. Peanuts,
per pound, fancy \'a.. 6%07c. choice, 5%
06c. Beans, round green, 75c051.00 pet
crate. Florida celery. $202.50 per cra e
Squash, yellow, per six-basket crates.
$1.0001.25. Lettuce, fancy, $1.25071.56
choice $1.2501.50 per crate. Beets. $1.50
0? per barrel. Cucumbers. 750051.00 per
crate. New Irish potatoes, per barrel.
52.750 3.00.
Egg plants. $2@*2.50 per crate. Pepper,
$1.7502 per crate. Tomatoes, fancy, six
basket crates, $1.500 1.75; choice tomatoes.
$1.75@2. Pineapples. $202.25 per crate,
unions. $1.26@1.60 per bushel. Sweet pots
toes, pumpkin yam. $101.25 per bushels.
Watermelons. slo@ln per hundred. Can
taloupes. per crate. SI.OO 01.50,
PROVISION MARKET.
(Corrected by White Provision Company.)
Cornfield hams. 10 to 12 pounds average.
16 %c.
Cornfiel 1 hams. 12 to 14 pounds average,
16%c.
Cornfield skinned hams. 16 to IS 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 slink or
bulk) 3n-pound buckets. 11c.
Cornfield frankfurters, 10-pound buck
ets. average 10c.
Cornfield bologna sausage. 25-pound
boxes, 9c
Cornfield luncheon hams. 25-pound
boxes, He
Cornfield spiced jellied meats In 10-
pouhd dinner pails, 10c.
Cornfield smoked link sausage, 25-pound
boxes, 9c
Cornfield smoked link sausage In pickle.
b 0 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 lard. 50-pound tins
only, ll%c.
Compound lard (tierce basis), 10c.
D. 8. extra ribs, 11 %c.
NEW YORK COFFEE MARKET.
Coffee quotations;
I Opening. | Closing
January 13.62013.60 13700 13.42
February H3.-io@i3.6oi 13.4:0 13.43
March. 13.55 13.450’3.46
April. ...... 13.600 13.65113.460 13.48.
May 113.480 13.49
June 13.480 13.,-0
July 13.15 01.3.30:13 0 5 @ 13.16
August. . . 13.200.7 3,30'13.100 13.15
September .... 13.37 '3.18013.19
October 13.400 13.43 I 3.250 1.3.27
November 13.450 13.57 13.310'13.23
December. . . . 13.55 13.38013.39
Closed steady Sales, 87.600 bags
LIVE STOCK MARKET.
t'HICAGO. July 8. Hogs -Receipts 30,-
000. Market strong to 5c higher; mixed
and butchers $7,150:7.65. good heav< $7.10
0 7.45. light $7.050 7.6(1. pigs $5.300 4.15.
bulk $7.350 7.60.
Cattle- Receipts 19.000. Ma-ket steady
to 10c lower; beeves $6.40@9.70, cows and
heifers $2.5008.25. Stockers and feeders
$4.500 6.50. Texons $6.250.8.25, ca'ves $7 25
@8.75.
Sheep -Receipts 20,000 Market steady;
native and Western $3.50 0 5,10. lambs
$4.65®8.10.
POULTRY, BUTTER AND EGGS.
NEW YORK, July 8. —Dressed poultry
quiet: turkeys. 1.3023: chickens. 18030:
fowls. 11%@16%; ducks. 18019. Live
poultry firm: chickens. 23026: fowls. 15
tasked); turkeys. 13 (asked); roosters,
10% (asked); ducks. 14; geese. 10 (asked.)
Butter firm: cteamery specials. 27:
creamery extras, 27%; stale dairy, tub:'.
22026%: process specials. 25 (bld.)
Eggs active; nearby white fancy, 260
27: nearby brown fancy. 230'24; extra
firsts. 22%@23%: firsts. 19%(1i20.
Cheese stead.) ; white milk specials. 15
@15%: whole milk fancy, 14% ibid):
skims, specials, 12012%: skims, tine. 10%
frill's: full skims. 6%@8%.
ESTABLISHED 186!
The Lowry National Bank
OF ATLANTA. GA
CAPITAIL - $1,000,000
SURPLUS - 1.000,000
Designated Depository of the United States,
County of Fulton, City of Atlanta.
INTEREST FA ID ON SAVINGS.
STOCKS
100 Atlanta, West Point R, R. Co.
500 Sou, Securities Co.
200 Atlantic Ice & Coal Common.
100 Atlantic Ice & Coal Preferred.
300 Sou, Ico Co. Common.
200 Sou. Ice Co. Preferred.
100 Third Nat. Bank of Atlanta.
200 Macon Ry. & Light, 6 per cent Preferred.
100 Georgia Ry. & El. 8 per cent Guaranteed.
200 Georgia Ry. & El. 5 per cent Guaranteed.
200 Georgia Ry. & Power 4 per cent Second Preferred.
100 Exposition Cotton Mil’s.
100 Southwestern R. R. Co.
SEND FOR DETAILS.
J. H. HILSMAN & CO.
ATLANTA
IfHMLAffI IN
GEHEAL TRADING
Wheat Closes at 1-4 cto 3-8 c
Off, Corn 5-8 c Up, and Oats
Unchanged.
ST. LOUIS CASH QUOTATIONS.
Wheat- No. 2 red 172 0 113%
Corn 69% 0 70' •
Oats 43% @ 44
CHICAGO. July 8 With sharply lower
prices in the Northwest and tongs still
liquidating in Chicago, there were price
losses early of %c to %c. The buying
power was absent, save those who were
short and hat ing profits. The Ohio'July
report as wired by King makes the wheat
prospects 43. against 45 in June and 84 a
years ago. . . . -
Corn was unchanged to %c and %c
lower and longs selling freely. The Ohio
July report makes the condition of corn
compared with an average of 77 per cent
against 89 a, year ago.
tiats were %c to %c lower, with the
Ohio prospect 98. against 95 in June
Provisions were sharply lower on sell
ing by longs and the putting out of short
lines.
Wheat was weak and sharply lower to
day on continued fine weather and good •
crop prospects over both winter and spring
wheat belts. Final prices showed losses
ranging %<• on December to %c and %c
on July A good reaction from bottom
prices was caused by short covering and
good buying by strong houses.
Corn was weak on fine weather and va
rious good state crop reports.
oats were under pressure early, but;re
covered strength on ’.borts covering
Provisions were Weak early on longs ■'
liquidating, hut recovered later with the.
grain market. ‘
CHICAGO GRAIN MARKET.
Open High. ’la?w Close. Close.
Bre».
\YJ4F < t _
July l.t'3 . 1.03% 1.03% 1.03% 1.04%
Sep. 99 % 99% 9SL 99% 99%
De-. 1.00% 1.00% 1.00 " 1.00% j. 00%
I < H,.'
Jul.' 69% 70% 69 70% 69%
Sep. 66% 67% 66 67% M>% '
Dec. 57% .',7% 58% 57%
May 58% 59% 57’8 59% ....
• >ATb
Jul.) 40t, m 41 % 40%
Sep. 36 36% 35% 36 36
Dec 37 37% 36% 37% 37%
Maj 39', 39% 38% 39% . ..
I’ORls
July 17.75 17.93% 17.85 17.95 18.00 .
Sep. 18.35 18.32% 1.7.85 18.30 18.40
Oct 18.20 18.27% 17.95 18.27% 18.40
LARD -
July 10.35 10.47% 10.32% 10.47% 10.50 ...
Sept 16.65 10.70 10.45 10.65 10. W>
Oct. 10,65 10.75 10.50 10.70 10.70
II IB-
Jul)’ 10.17% 10.35 10.12% 10.55 10:27%-
Sepl. 10.35 10.57% 10.27% 10.47%'10.40
Oct 10.35 10.45 ' 10.27% 10 47% 10.40
CHICAGO CASH QUOTATIONS. :
CHICAGO. July 8. -Wheat—No. 2 red
1.030 1.06. No 3 red 1.0101.04. No. 2 hard
winter 1.0301.05%. No. 3 hard winter 1.00
01.04. No. 1 Northern spring 1.0901.13.
No. 2 Northern spring 1.0401.10. No. 3
spring 1.02@1.07.
Corn - No. 2 69%070%, Xo. 2 white 74
0 74%. No. 3 yellow 70070%. No. 3 68%
0 69%. No. 3 white 73073%, No. 3 yellow
61", @69%. No. 4 64%065. No. 4 white 70
@70%. No. 4 yellow 65@67.
Hats—No. 2 white 46%047%, No. 8
white 44%@46. No. 4 white 42045. stand
ard 45047.
CHICAGO 'CAR LOTS.
Following are receipts for Monday and
! estimated receipts for Tuesday:
I Mondav i Tuesdav
Wl-eat I io 17
Colt) 1 201 I 243
Oats I 13$ 188
Hogs ! 32,000 I 17,000
LIVERPOOL GRAIN MARKET,
Wheat opened %d to %d lower; at 1:30
p. rn. was %<1 to I%d lower. Closed %d
lower for July and %d lower for Octo
ber and December.
Corn opened %d to %d lower: at 1:39
p. m. %d to I%d lower. Closed 2d
lower for July and Id lower for September.
VISIBLE SUPPLY CHANGES.
Following shows the weekly visible sup
ply changes In grain for the week
Wheat, decreased 1.957.000 bushels.
Corn, decreased 849.000 bushels.
< 'at?, decreased 480,c00 bushels.
PRIMARY MOVEMENT.
“h i-;..)T i isi? ion
Receirts. I 386T00! L 549,000
.Shipments I 514,(,00 907,009
CT)RN— I ;
Receipt* I 81.8.both' 626.0 n 0
Shipment? . . . . . ! _48 1.000! 363.030-,
if you sent a teller or telegram to the
wrong address, you would hardly expect '
an answer, would you? The Same is true
when you select the wrong medium to. .
have .-ill vour wants filled. Try the right ’
wnj The Georgian Want Ad way.; • c"'
15