Newspaper Page Text
m AND GOSSIP
IN MONEV MARTS
Country Is Less Under the Heel
of Capital Than at Any
Previous Time.
By B. C. FORBES.
yirtV YORK, July B.—Last Thursday
ns = nearer a real ''lndeperdence Day”
than 'he United States has known for
’decades. And July 4. 11'13. should be
sll lt rearer—if it Isn't the fault will be
our own. Is not the country throwing off
','i tackles? ‘Are not the people—the
plain every-day workers and voters
rraking a successful effort to come into
in eir own? It Is less true today than it
«aa formerly that “the country is under
,hf re-1 Os capital." None knows this so
we ll as capital And. happily, the better
elements are willing that ft should be so,
greater extent than yet experienced.
The leaven of democracy has spread to
the more enlightened of our capitalists.
•• • •
Strife-mongers will vehemently deny
this They will point to glaring viola
tions "f the Golden Rule by certain pluto
crats. They will direct attention to the
revelations made by recent investigations.
The' will triumphantly show that more
than one capitalistic group lias schemed
to divide the country into zones, each zone
tn be exploited by one group. The daily
discoveries concerning the shipping pool's
sharp practices, the uncovering of un
scrupulous tactics by the old sugar trust,
the Iniquities of the oil trust, the merci
les? tat tles 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
pn reform since'.’ The incurable pessi
mist. the hypochondriac, may reply;
(th. yes. txjok 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
Company. 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 ihe sub
sidiaries, of the oil trust recently sold at
'h» highest quotation on record. Then,
look how the coal trust has been sanctl
fled, 'then its employees were granted
a small Increase in pay. did the coal
barons accept this as their share of the
general increased cost of existence'.' '>r
did ;hey seize upon the incident as an
xruse to give the screw a fresh turn upon
•he thumb of the defenseless household
er not the large corporate consumers
who might have, transferred their custom
to soft coal producers?”
♦ ♦ *
There would be as much truth as cyni
cism in these charges. And yet- well,
wr are marching toward independence,
toward independence not only of capi
■al that seeks to be unjust, but of in
triguing pollti-.al bosses
at * «
’’’he action of the coal trust is to be
regretted by all who would strive for
mere amicable relations between capital
and the people. There can be little ques
• on that it was an abuse of monopolistic
’■«?”. for no attempt was made to raise
r h« pr< e‘s that part of the output in
n hich no monopoly exists. Is it not plain,
therefore, that it was the monopolistic
power which mad* 1 the indiscriminate pos
sible’ Every champion of fair dealingall
reund, every advocate of moderation on
t.bf part nf entrenched power, every-well
1 ' 1 ' apiial and labor can but grieve
the establishment of harmonious feei
ng h as been retarded by the short-sighted
P* lie- pursued. The sooner the govern
rrnt removes this source of rancor the
'■‘’t.’N- alike for producers and consumers,
•r if the present statutes are impotent
prohib’t such highhanded conduct, the
' n al Trust may bo assured that effective
r K’'laiion win he brought forward. And
rt state of the Trust may be worse
than its first.
Xn unprejudiced observer of the evolu
’inn nnu g< i n g on politically. financially
* r ‘ ! industrially will claim that there has
nation-wide regeneration. But
• A n has been accomplished. Regu
a' f railroads is complete. Regu-
1 n < f industrial combinations has net
been made effective, but will be be
man' <ess;<>ns of congress pass. The
, f pjg Business over elections
' 51 body-blow. The political
' ha< heen torn from his pedestal in
b_. s J p, es. The vole® of the people is
, r ,V !er ’ io as never before. And the will
1 ® penp]f i s destined to be made the
" ’* lf ' land moie often hereafter
has been heretofore.
. '' r are steadily attaining gen-
n'lpnendence. Let it not bp forgot
i- / llial pterna} vigilance is the
' r ’’herty -In throwing off the tyr
, anitai. care must be exercised
f ■ h gainst creating a tyranny of la
r.. ‘ strive to ho’d the balance
Ready Money—Abroad
I F YOU TRAVEL ABROAD AND
* carry one of our Letters of Credit or
Travelers’ Cheques, you will be able to L
enjoy the many and great conveniences
•>1 having Ready Money wherever you
travel, and a\oid the dangers of carrying
<ash 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
'ery vital consideration.
Come in and let us fully explain the
niatter to you. and enable you to save
time, avoid delays, and derive the full en
joyment of your lour.
Atlanta National Bank
E CURRIER. JAS. S. FLOYD. J. S. KENNEDY,
“resident Vice President. Asst. Cashier.
, E. BLOCK. GEO. R. DONOVAN, J. D. LEITNER.
'• President. Cashier. Asst. Cashier.
A D V_y-r,"A.-rT"-“ J
JUDGE ARCHBALD
HIT HI PROBERS
His Moral Responsibility Dead
ened. Say Committee’s Ar
ticles of Impeachment.
WASHINGTON. July 8. —The judi
ciary committee of the house presented
to that body today the articles of im
peachment against Judge Robert W.
Archbald, of the commerce court, who
is characterized as "one whose sense
of moral responsibility has become
deadened.” The presentation of the
charges, consisting of thirteen articles
of impeachment, was one of the most
solemn proceedings witnessed in the
house in years.
Chairman Clayton, of the judiciary
committee, mgde 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
five for personal profit
The resolution charges in the cus
tomary form that Judge Archbal# has
been guilty of "misbehavior and high
crimes and misdemeanors."
"Has Degraded His Office."
The impeachment proceedings grew
out of the now farnot s 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 has 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 eases be
fore him. To accomplish this purpose
he has not hesitated to use his official
power and influence. He has degraded
his high office and destroyed the confi
dence of the public In his judicial in
tegrity. He lias forfeited the “condi
tion upon which he holds his commis
sion and should be removed from office
by impeachment.”
To Vote Tomorrow.
In presenting the Archbald report to
the 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 todaj 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 I, 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
j train when leaving the Atlanta station.
' He asserts employees of the two compa
j pies instructed him to board a train for
; Chattanooga when he wanted to go to
I Baltimore', that he rode as far as Aus
, tell, and was there forced off the train.
I He then returned to Atlanta and had to
’ wait until next day to begin his N'orth
; ern trip.
WEATHER MAN SAYS
IT’S NOT HOT: ONLY 84
[ It's not very hot. the weather man
I savs. It's just the humidity of the
atmosphere that, makes Atlantans un
comfortable just now, according to Un.
( ole Sam’s experts. The maximum tern
i perature for today was S 4 degrees an I
there is very little indication of a
| change. Light showers are expected,
ia- usual
JAMES J. FLYNT IN RACE
FOR R, R. COMMISSIONER
James J. Flynt. of Spaulding, former
j president of the senate, announced
1 positively today that he will be a can
i didate for one of the vacancies on the I
| railroad commission. Mr. Flynt had
been generallv looked upon as a prob
| able entry. His formal announcement
: vill ho made within the week
THE ATLANTA GEORGIAN AND NEAVS MONDAY, J ELY 8. 1912.
NEWS AND GOSSIP ;
Os the Fleecy Staple
NESV YORK, July 8. -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 thb plant during the
past week, and in many parts b| 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
tiiu and in South Carolina in the east
Cultivation was retarded in all parts of
I the belt, and grass and weeds have
I 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 i-L the belt adds further to the
lateness oT the plant In the west the
plant made excellent progregs, especially
hi Oklahoma and Texas, where splendid
conditions of the previous week continued.
Rainfall was more than was needed in
this pa1 1 of the belt, but caused no dam
age. The plant is fruiting nicely, but
genetally ore to four weeks late, varying
with location. The crying need of the
crop is warm weather, with plenty of sun
shine and a cessation of rain. Damage
from boll weevil tavages so far has been
inconsequential. No I eports are made of
the cotton army 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."
hollowing are 11 a. m. bids: July 11.88.
October '2.18, December 13.26; January
12.34.
The weather bureau predicts, continued
warm weather over the interior middle
and southern districts during the week.
In the south Atlantic and east Gulf
slates the showers will probably be less
frequent than during ’ast 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 he 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 to
make definite forecasts; supply of labor
generally plentiful, and no trouble ex
pected on this score Present situation
may be summed up by sayitig that,
throughout most of the belt, the lateness
of crop w hl make date ot 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.
3. Outsioe of Texas, the reports leave
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 deai 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
up 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 ...... 66
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
REPORTSFROM_ various stations,
I Tei n perature IR' fall
Stations - Weath. | 7 Max. i 24
I a. imjy'day.lhours.
Augusta ...'Cloudy i 72 '. .. ’ 0.92
Atlanta Raining, 70 ”84 I* ....
Atlantic City. Clear 78 84 ....
snnfston Pt. cldy.i 76 84
Boston 'Clear 76 I 84 ....
Buffalo I Pt. cldyl 78 86 ....
Charleston . . .ICloudy I 78 SO 1.38
Chicago Cloudy 72 84 1.80
Denver Pt. cldy. 66 86
Lies Moines .. Cloudy I 74 92 ....
Duluth 'Cloudy I 64 76 ....
Eastport Cleat 66 70 ' ....
Galveston ... Pt. cldy 80 84 ....
Helena Pt. cldy. 44 62
Houston .. . . |Pt. cldy.' 76 | ....
Huron Cloudy '66 80 I 0.80
Jacksonville Clear 80 86 0.60
Kansas City . Clear 76 00 ....
Knoxville .. . Clear 72 88 ....
Louisville ....'Cloudy I 76 1 88 ....
Macon Cloudy I 72 84 0.42
Memphis Cloudy I 74 90 I ....
Meridian Cloudy 74 0.1 8
Mobile ... Pt. cldy. 78 84 0.24
Miami Cloudy I 80 84 . ...
Montgomery . Pt. cldy. 76 88
Moorhead .. .'Cloudy ' 66 ; 90 ~..
New Orleans Raining 74 88 0.12
New York ..iCloud)’ 76 84 ...
North Platte . Pt. cldy. 68 j 94 ....
Oklahoma . ..Clear 72 90 ....
Palestine . ...iClear ■ 76 94 ....
Pittsburg Clear 78 90 ....
Portland. Ore. Pt. Cldyl 54 64 ....
San Erancisco'Clear j 52 64 ....
St. Louis ....'Clear 74 86 ....
St Paul . . Cloudy ' 70 88 ....
Saif Lake City Clear 58 84 ....
Savannah .. .. Pt. cldy. 78 ....
Washington Clear 78 I 90 ..,.
’ C. F.’ VON HERRMANN,
Section Director.
COTTON SEED OIL.
Cotton seed oil quotations;
I Opening. _j Closing
Spot I 6,75@6.9.5
Jul) I 6.80176.95 < |
August I 6.8711 6.88 6.821f6.85
September ' 6.99117.00
October I 6.871t6.88
November ' 6.35H6.38 , 6.31?p6.32
December.. . J 6.30®6.35 I 6.31 ®6.32
January 6.31®6.35 I 6.30@6.32
Closed stead' : sales 18.000 barrels
( | DEATHS AND FUNERALS
R J. Tuggle.
The funeral of R J. Tuggle. 62 years
old. w-ho died at East Lake yesterday,
was held at Wesley's chapel today at
noon Interment was in the chape! yard.
’ Mr Tuggle is survived by one sister. Mr’.
T. J. Jackson, of Atlanta.
Carley Evans.
The funeral of Carley Evans. 9-j ear-old
son of Mr and Mrs. W F. Evans, who
died early yesterday, was held at the. res
idence. 196 Courtland street, today In
terment was in Westview.
Mrs. Mary McCardle.
Mrs Mar) McCardle. 65 years old, of
30 East Harris street, died at a sanita
rium early today. She is survived by one
sister. The body was taken tn Bloom
field fr Burkert's chapel, 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
yesterdaj . will be buried In Westview
cernelei’) late today. The little fellow
died at a private sanitarium after a
short illness
Mrs Mary Warred. 75 years old. who
died In an Atlanta sanitarium earlv today.
Iles at Greenberg * Bond's chapel await
ing the funeral. The services will lie
held theer tomorrow morning at 10 o'clock
Interment will be in Welltvlew. 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 fain
tly residence. 570 White street, -wa-
Miss Cora Murray, an Atlanta girl.
heforO h'er marriage several years Ago.
The funeral services, to be held at
Poole’s chapel tomorrow morning, will
be attended by a number, of relative
lin this city, M r . and Mrs Sulunbr
f were ina ried in Atlanta morwthatr t'-n
! years ago.
COTTON SLUMPS
ON HEAVI 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 wer * 5 to 9 points higher.
The cables uere also firm and several
points better than due. There was heavy
selling by several brokers at the o&teet,
hut mis was nioie .than offset by the
dentand. After the call the activitv 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.
This caused a weak tone to develop upon
the market, and a downward movement
»n prices, carrying quotations 3- to 11
points below the opening figures. The
• etc weather forecast reported favorable
conditions over the larger portion «»f the
Helt.
At the close the market was steady,
showing net losses of 4 to 8 points below
the final quotations of Saturday.
Warehouse stocks in N*w York today,
124.344: certifirated. 108,7?').
RANGE IN NEW YORK FUTURES
I? j lit •<! 5 i?
Is| SI j 6 ir
.1111 T15 "4 ,11.92: 1L7411L74 Tf.7U75111778 -" 79
Aug. I l.l'3!13.00; 11.85 11..83:11.81-83111.85-81
Sep. .U.0L12.V8 I l.t'LH.'.il 11.91-93 i 11.94-95
Oct. 113.1212.21 12.01:12.03112.02-03 2*.07-09
fOV. 112.04-06'12 09-10
Dec. 12.21(13.33 12.10 12.12 12.10-12 1-16-1,
■ lan. 12.-1 12.30 1
leb. ! j 1 | '1.2,10-UilZ.lß-19
Mar. (12.27 12.36,13.15,12.1a 12.14-1611230-22
May ,12.35(12.36 12.10 Ll 19 t_. 18- 19 12.26-28
Closed steady.
Liverpool cables were due It's to 13V.,
points higher, opened steady 1.5 points
higher, and 12:15 p. in. were stead) 12V»
to 14 points higher. Spots in good de
mand II points higher, ntidc ing. 695;
sales, h.oOO bales, including 9,001 Ameri
can:, imports, 2,000. all American. Later
cables to 1 higher than 12:16 p m.
At the close me market was very
stead), showing a tie' gain of 16 to 16U
points over the final of Saturday.
RANGE IN LIVERPOOL FUfUrES.
Futures opened firm.
Hauge. 2 f. M Close. Cl os
opening pre,.
July. .. . 6.78 -6.7214 .... 6.77 6.61
July-Aug. 6.71 -6.711,, 6.74 6.76 6.60
Aug.-Sep. 6.66 -6.64% 6.71% 6.73% 6.57
Sep.-Oct. 6.60 -6.58'- 6.65% 6.66 U 6.50%
Oct.-Nov. 6.56 -6.56 6.59% 6.61 ' 6 44%
Nov.-Dec. 6.35 -6.54 6.56 6.58 6.41 %
Dec.-Jan 6.55 -6.53% 6.53% 6.57 6.405.
Jan.-Feb 6.55 -6.54 % 6.54% 6.57 6.41
Feb.-Maj. 6.56 -6.55% 6.54 ’ 6.51t 2 6.41
Mar.-Apr. 6.55%-6.56 6.56 6.58 6.41 %
Apr.-May 6.58 -6.56% 6.n8% 6.42%
May-June 6.66% 6.51' ' 6.42%
HAYWARD 4, CLARK’S
DAILY COTTON LETTER
NEW ORLEANS, July 8 —Liverpool ad
vanced as much as IS English points,
against about 12 points higner due, and
quoted spots 11 points higher. Washing
ton predicts a week of slightly warmer
weather; mostly fair. but ocea'sional
thunder stortjts 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 tains occurred. Indications
are for fair weather in Western states:
much warmer in northwest portion.
Cloud)’ with local showers in the central
and eastern states.
Our market advanced to 12.40 for Oc
tober in earl) trading, but was checked
I by heavy realizing in New York and sell
ing by straddlers on the large difference
of 25 point's from New York. The gov
ernment daily weather forecast of local
showers for the central 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 12.38.
Pell Co. are reported large sellers.
The weekly weather report tomorrow is
expected to he bullish, but the map shows
prospects for clearing weather bv Wed
nesday.
RANGE IN NEW ORLEANS FUTURES.
I - i 1
Ji’S/ J: Ir * ' • r ** ?
F - 5I 1 ~ * -
__ 1 7. J_r rJ _ I ?_
July 12.94 12.94(13.79112.79112.79-80 12.82-83
Aug. 12.64 >3.65 12.60 13.60 12.65-57 1.2.57
Sep | | ,12.38-40(12 45-47
' let 12.39 12.4512.22:12.24 12.23-24 12.30-31
Nov. . 13.22-24 12.30-32
Dec. (12.49 12.45,12.22113.24 12.24-25'12.31-32
Jan. '12.44 12 48'12.27'12.28 12.28-29'11.34-35
Feb. 12.32-35 12.57-59
Mar. 12.49:12.53 12.34 12.36 12.36-37 12.40-41
May__.l2.s9 12.69 ’2-56_13.56J2.44 f
Closed steady
• SPOT COTTON MARKET.
Atlanta, stead); middling 12',.
New Orleans, firm, middling IJ'\.
New York, steady: middling 12.15.
Liverpeel, steady; middling a.95d.
Savannah, quiet; middling 12c.
Augusta, quiet, middling 12%.
Mooile, steady; middling 11%
Galveston, steady: middling 12L,
Norfolk, firm: middling 12%.
Wilmington, nominal.
Little Roek, quiet: middling 11%
Charleston, nominal; middling ll'u
Baltimore, nominal; middling 12c
Philadelphia, steady: middling 13.40
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 at
the ports today compared with the same
day last sear:
722 2 - 1 i9iT
New Orleans. . . . 519 916
Galveston 197 7
Mobile 37 . ...
Savannah 37 283
Charleston I 5
Wilmington .... 86
Norfolk 285 15
805t0n.... 9
” Total . . . . J 1.483' | 173'8 ~
INTERIOR MOVEMENT.
I 1912. | 19VL
Houston I 435 36"
Augusta ' 58 27
Memphis 136 311
St. Louis 538 75
Cincinnati 644 255
Little Rock ... .1 .... I 28
Total. ~7 1 1,811 | 732 '
COTTON MARKET OPINIONS.
Baily & 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. We think the advantage
is with the hulls
J. S. Bache & Co.: We believe the
trend to.be upward and advise purchases
of distant positions on any market reac
tion.
Stemberger. Sinn e- Co.: We think ve
should have higher pri'es
Thompson Towle & Co.: We favor the
long side of the market.
NEW YORK GROCERIES.
NEW YORK. Jul)' 8. Coffee barely
steady; No. 7 Rio spot. 4<%@4%. Rice
stead' domestic, ordinary to prime. <%:?»
5%. Molasses jiuiet: New Orleans, open
kettle. 350 45. Sugar, raw, quiet: cen
trifugal. 3.77; muscovado. 3.27; molasses
sugar. 3.02; refined steady; standard
granulated. 5.Nt'S $.05. cut loaf. 5.80;
crushed. 5 70. mold A. 5.35. cubes. 6.20;
powdered. 5.35: diamond '. 5 e.\t confec
tioners '.. 5.00 No '. 1 85. No. 2, i.Sj
No. 3. I?e y Q < 4,75
STOCKS DECLINE
ON LipTION
Industrials Lead in the Drop.
■ Trading Active. But Tone
Shows Weakness.
_ By CHARLES W. STORM.
NT,\\ YORK.-.July 8. —Nearl)* all the im
portant railroad and industrial stocks;
»o!d at sharp recessions at the opening!
of the stock market today, trading re- |
fleeting a disturbance of speculative po-'
sldons by the showings of the bank state- 1
ment on Saturday. There was an ab
sence of demand, but after fifteen minutes ,
a steadier tone set in and some of the
issues rallied. Reading and Lehigh Val
ley acted in unison, declining •% from
Saturday's closing. Xmalgamated (’upper,
and I nite<i States Steel common were ''si
lower. American Smelting was % lower.
Canadian Pacific was one of the few is
sues making a gain. It opened at 266%.
a gain of %
Southern Pacific. Baltimore and Ohio,
Erie and Pennsylvania were unchanged.
I nion Pacific lost ■%.
Ihe curb was quiet. Americans in Lon
don were listless. Canadian Pacific in
London rallied.
'. heavy tone prevailed in the late fore- I
noon and losses ranging around 1 point ’
were sustained tn a number .of Issues. J
Boston and London were prominent sell-’
ers of nearly all the active Issues, and ‘
particularly Amalgamated Copper and i
United States Steel.
Speculation sentiment continued bear- 1
ish throughout the afternoon, and further
declines were sustained in a number of
issues. The copper stocks suffered to
the greatest extent Amalgamated Cop
per. I tah Copper and the American!
Smelting all .fielded over 2 points from
Saturday's final. Boston houses were ag- '
gresslve sellers, many attributing the I
bear movement there to Thomas W. Law I
son. 1
The market dosed stead).
Governments unchanged; other bonds
steady.
Stock quotations.
1 | I La st 1 Cl ->s 1 l're»
A trial. “Copper. 83 ", 80%'"80%T'81~l"83 %
Afit. Ice Sec...! 2«%| 26 ; 26 25% 27
Am Sug. Ref .'129% 13'8%'129%,1 28%! 13'9%
Am. Smelting I 84 8j 82%: 81 % 81%
Am. Locomo...' 4i’.% 42%! 42% 42%! 43%
Am. Car Ffly., 58%: 57%: 58 57%; 58
Am.. Cot. Oil . 53%' 53 1 53 53%l 53%
Am. Woolen 3'7 27%
Anaconda 41%; 39% 40 lo%' 41% i
Atchison 108% 108%108% 108 108% 1
A. C. L 139 139 139 139 140 '
Am. Can 3'%' 33% 34 ! 33%| 34% I
do. pref. .. 'l7'4 116% lift.; 116% ■! 16'.,
\nt. Beet Sug. 74 : 72%; 72% 72% 73%
| Am T. anil T. 145% '45% 145% 144% 145%
j\m Agricul . . . 59 60%
ißeth. Steel . 37% 36%’ 36% 36%, 37%
I B. R. T I 92% 91% 92 92 * 92%
18. and o .. .. 108% 107'%'IOS 107% 105%
fan. Pacific ...267 266 266 266%1266 I
Corn Products 15% 15%: 15% 15% 15%
I', and 0 80% 79 ' 79 . 79%
Consol. Gas .. T 43% 142%: 142%’143%h44
fen. Leather . !:7 . 3'6 1 26. :5% 26%
solo. F. and I. 30% .30% 30% 30. 31
fclo. Southern 38 38
l>. and H (167 166 1166 166% 167
Den. and R. G.: .... f 19 I 19
Distil. Secur. 32% 33% !
Urie .......... 34%, .14% 34% 34% 34% i
do. pref. .. 52%' 62 52%' 61% 52% I
Gen. Electric . 1.79% 178% 178% 178% 180 I
Goldfield Cdns.f '4 ft 4 4 4 ,
G. Western .. 17% 17 17%’ 17' 4 17%
G. North.. pfd.:l3B ,138 137%J37 i 137%
G. North, fj.-e. 44 42%' 42% 42%; 43%
Inf. Harvester 1.18 120% I
111. Central .. . 128% . 2’8% 128% 128 128%
Interboro .... 21% 20% 20% :0% 21%
do. pref. .. 59%' 59 59 59% 60%
lowa Central . .' 10 10
K. C. South. 25% 35% 25%| 26 25%
K and T 27% 27 27 26% 27%
do. pref. .... 60%! 59%
L. Valley. .. . 169 157% 168 167% 169
L. and N . . 160% 159% 159% 159% 169%
Mo. Pacific . . 36% 36% 36% 36% 36%
N. V. Central 116% 115% 115%'115% 117
Northwest 136%! 136%
Nat. Lead. . . 58% 58% 58%, 58 58%
N. and W . . .H 5 H3%T13%j114% 115
No. Pacific . . 12'1% 123% 122%|122%1.!2%
». and W.. . . 33% 32% 32%: 32%
Penn 124 124 '124 '123% 124
Pacific Mail .I 31% 31% 31 %| 31 41%
P. Gas Co. . 1151-4’115 (115 114% 115% ■
P. steel Car ... J ... . 36 ’ 35% 1
Reading . . . 165% 163% 163% 163% 166
Rock Island . 24% 24% 24% 24%
do. nfd . . 50% 50 50 49U 50-',
R. I. arid Steel: 27%: 26 '26 1 25 37U
do. pfd 84 84 84 $4% 84
S. -Sheffield. 56 ' 55% 55% 65 56
So. Pacific . 109% 109 109% U'% IT'-,
So. Railwav . 29%! 29 29 1 i 29 ' 2'9U.
do. pfd. . . 77% 76%. 77 76% 77
St. Paul. ... 105 103% 104% 103% 105
Tenn. Copper ' 43 42%' 42%' 43%l 43%
Texas Pacific : 23% 23 23 | ....! 23
Third Avenue ’ . ... ...J . ...' 39%
Union Pacific 168%'t«6% 167' s 167 168%
U. S. Rubber 5474,1 53% 53% 03% 54%
Utah ''upper 6:: . 60%' 60U 60% 62%
U. 8. Steel . . 70% 68%' 69 | 68%. 70%
do. pfd . . . 112% 111 %iIH % I IP's lU’i
V. (’hem. . 49% 48'- 48%: 48%1 49%
West. Union . 82 82 82 81 % $2
Wabash .... 4% 4% 4% 4%: 4%
do. pfd . . . 13% 13 ' 13% 13% 13%
West. Elec. . 77 76 76 76% 77
Wis. <'entral ' a! •»: 51 %
W. Maryland 1 57% ' 57%
Total sales. 555,500 shares.
MINING STOCKS.
BOSTON. July 8. Opening: Smelter
47, North Butte 32. Ualutnet and Arizona
75. Isle Royals 35%. East Butte 13%
METAL MARKET.
NE'a YORK. July 8. The metal mar
ket was easy today. Standard copper
spot. 16.76017.35: July. 16.7.5® 17.25; A 1
gust. 16.87 %® 17.25: September. 16.90®;
17.10: lead. 4 60® 4.80. spelter. 7.2o'hT tO |
Un, 45.004/ 45.25.
lOCAI. STOCKS AND BOND*
611 Ask.■, '
Attan's A ’*••• PNet fl n (4» m j
American National Bank. 215 320
Atlantic Coal & Ice common. 104 )o ; -
Ailanth- Coal A- lee nref.... ») „i
»> an' a Brew In e A 1-e Co. 174
Atlanta National Bank 320 3.30
Central Bank A Trust Corp.. ,s,a
Fxiuielii'-p ''often M'lls. . I<i
Fourth National Bank. 260 355
Fulton National Rank ?25 j 3„
Ga Pv A Elec stamped.. 1«4 )2 4
t'a. Ry A- Pow Cc . common 27 30
4o Ist nfd «9 »s
do 2d pfd 46 4714,
Hlllvet 'I rust Company 125
towrv Natlm.at Rank....... %it j sn
Rea'i' Trust Company 108 jjj
s'-xth Ward Rank j,,;
Southern lee common. ... 68
Third National Rank, new 2’30 325
Trust Co of Georgia . 225 235
Travelers Bank A Trit*/ Co 1z»
B'oNOS
Atlanta Ga« Light !«t 5« Inl % 105
Genrgta S'ate 4’;,« i«, 5 . .. jet lni
Georgia M’flland *» ti
t,a Rv A- E'ec Co 5s 101
Ga Ry A Elec ref 5s 94 »s%
Atlanta C. . sol’dated 55..... 102 U
Atlanta City 3%5. 1931. .. 9f ' 931.
Atlanta CHy 4%5. 1«?1 10? n>3
Southsrn Pell T.« »»%
NEW YORK PRODUCE MARKET.
New YORK. July 8. Wheat steadv:
September 1.04%®'. .05%, spot N 0..? red
1.12% in elevator and 1.14% f. 6. b Corn
weak; No. 2 in elevator nominal, export
No. 2 74 % f. o. b., steamer nominal. No. 4
nominal Oats easy; natural white 62%®
54%. white clipped 53%®56. Rye quiet:
No. 2 nominal f. n. b. New York. Rarlev
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,
straights 505.50. clears ■4.8505,10.. winter
eatents 5.650545. . straights .515'55.35.
clears 4.500 5.
Beef stead) . family 18® 18.50. Pork
firm: mess 20.50031. family 20 0 21. Lard
steady, citv stea-n 10% nominal, middle
West. «not i 0,70 asked:., Taiiow quiet, city
<>n hog.-h»4fl«> 6% nominal, eountrs 'in
tlerce,sj..s%Q6%
|~THE WEATHER ]
Conditions.
WASHINGTON. .lul> 8. Warm weatil
er will continue tonight and Tuesday over
the eastern naif of the country, and prob
ably on Wednesday and Thursday Thun
der storms, however, tonight or Tuesday
over the lake region, the Ohio valley and
the South will atford temporary relief
General Forecast.
Georgia—Local showers tonight or
Tuesday-,
Virginia— Generally fair: continual
warmer tonight and Tuesdav. „
North and South Carolina. Florida.
Alabama and Mississippi Local showers
tonight or Tuesday.
Louisiana-Unsettled shower?
Arkansas- Unset tied showers.
Oklahoma Fair.
East Texas and West Texas Unset
tled.
[Atlanta markets
EGGS 6’resh eounfry candled-. 17018 c.
BUTTER Jersey and creamery, in 1-lb.
blocks. 30021%c. fresh country dull, 10©
12%c pound.
DRESSED POULTRY Drawn. head
and feet on. per pound: Hens 16017 c,
fries 25®27c, roo3te»» 8® 10c. turkeys,
"wing to fatness
LIVE POULTRY Hens 400 45c. roost
ers 25®35c, fries 30050 c. broilers 20025 c.
puddle ducks 115030'-'. Pekin ducks 40©
45c. geese sOof-O<- each, turkeys, owing
to fatness, 14015 c.
FRUITS AND PRODUCE
FRUIT ANU VEGETABLES Lemm-8.
fancy. 84.5005 per box. Florida orange*.
53®3.50 ner box Bananas. 3®3%c per
pound. Cabbage. I®l%<- per lb. Peanut*,
per pound, fancy Va.. 6%©Tc, Choice. 5%
(q6c. Beans, round green. 75c® SI.OO pet
crate. Florida celery. $202,50 per ers-*
Squash. ) ellow. pe, six-boskei cratet.
$1.0001.25. Lettuce, fancy. $1.2501.58
choice $1.;;501.»O per crate. Beets, $1.50
02 per barrel. Cui-umbers. 75t-®sl.oo per
crate. New Irish potatoes, per barrel.
$2.750 3,00.
Egg plants. $202.50 per crate Pepper.
sl.7n®2 per crate. Tomatoes, fano. six
basket crates, $1.5001.75; choice tomatoes,
$1.7502 Pineapples. $20'2.35 per crate
Onions. $1.2501.50 per bushel. Sweet pota
toes, pumpkin vatu. $10'1.25 per bushels.
Watermelons. $lOOl5 per hundred. Can
taloupes. per crate. SI.OOO 1.50.
PROVISION MARKET.
(Corrected by White Provision Company.)
Cornfield hams,. 10 to 12 pounds average
16%<>.
Cornriel 1 hams. 12 to 14 pounds average.
16%c.
Cornfield skinned hams. 16 to 18 pounds
average. 17%c.
Cornfield picnic, hams. 6 to S pounds
average, 13%e.
Cornfield breakfast bacon. 23c
Grocer al.vie bacon (wipe or narr'-wl.
17%c.
Cornfield fresh pork ausage tlipk or
bulk) 2n-pound buckets. 14c,
Cornfield frankfurters. 1 fl-pound buck
ets, average 10c.
Cornfield bologna sausage. 26-pound
boxes', 9c
Cornfield luncheon hams. 25-pcutul
boxes. 11c.
Cornfield spiced jellied meats In 10-
poupd dinner palls. 10c.
Cornflold smoked link sausage. 35-pound
boxes. 9c
Cornfield smoked link sausage In pickle.
50-pound cans. $1.25.
Cornfield frankfurters in pickle. 15-
pound kits. $1 50.
Cornfield pickled pigs feet, 15-pouhd
kits, sl.
Cornfield pure lard fierce basis). 12%c
Coyntry style pure lard 50-pound tin*
only. Il'sc.
Compound lard fierce basis), 10c
D. S. extra ribs, 11 %c.
NEW YORK COFFEE MARKET
Coffee ''notations:
I Opening , Closing
January ~ .13.520-13.60:13.40?/13 42
Fehruar' . . . . 1 3.4 -® 13.6M’: 4 so 13.43
March 13.55 1T3.45© 13,4«
Apr-il . 13.60® 13.65113.46013.48-
Ma.'’ 13 481/13.49
“June 13.‘8013.ffl
July 13.150 13.3(1 13.060 13.1«
August. . . . 13..’. 0 ’3.30 13.10013.15
September 13.37 3.180 13.19
October 13.4"® 13.45 13.25% 13.27
November 13.450 13.57 13 310 13,"3
December 13.55 16.38013.39
Closed steady. Sales. 87,000 bags
LIVE STOCK MARKET.
t'HICAGf). Jul) 8 H"gs Receipts 30.-
300. Market strong to 5c higher; miser!
and butchers $7.1507.65, gco-J heavy $7.10
07.45. light $7.050 7.60. pigs $5.30?/7.15.
bulk $7.3507.60.
Cattle Receipts 19.000; Ma ket steady
to 10e lower; beeves $6 40@9.70, cows anil
heifers *2.50® 8.25. Stockers am feeders
$4.6006.50. Texons $6.2508.25, calves $7 35
0 8.75.
Sheep Receipts 20,000 Market stead) :
native and Western $3.5006.10. lambs
$4,650 8,10.
POULTRY, BUTTER ANO EGGS.
NEW YfRK, July 8.--1 tressed poultry
quiet: turkeys. 130'23; chickens. 1803(1:
fowls. tt%oi6' 7 ; ducks. 180 19. Live
poitltn firm: chickens. 22026; fowls, 15
tasked) turkeys. 13 tasked); roosters.
10% tasked) ;'chieks. '4. geese. 10 tasked.)
Butter firm; creamery specials. 27:
creamery extras. 27%: state flair), tubs.
220 26%: process specials. 25 tbifl.)
Eggs active; nearby white sandy. 26®
27; nearby brown sane). 230 24: extra
firsts. 2.':%®’.!.3% ; firsts, JO'.. 4/20
.t'heese steady: white milk specials. 15
©'s%; whole milk fancy. 14.% ibid);
tkims. specials. t2®12%: skftr.s. tine, 10%
011%; full skims, 6%i®8%.
ESTABLISHED tßf>l
The Lowry National Bank
OF ATLANTA. GA.
CAPITAL - $1,000,000
SURPLUS - 1,000,000
Designated Depository of the United States,
County of Fulton, City of Atlanta.
INTEREST PAID ON SAVINGS.
STOCKS
100 Atlanta West, Point- P. F Co.
500 Sou. Securities Co.
200 Atlantic Ice & Coal Common,
100 Atlantic Ice ft Coal Preferred.
300 Sou. Ice Co. Common.
200 Son. 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 Mills. j .'
100 Southwestern R. R. Co.
. j-
SEND FOR DETAILS. ; ,
J. H. HILSMAN & CO,
ATLANTA
IRREGULARITY IN
CEREAL IDIOING
Wheat Closes at 1 ’4c to 3-8 c
Off. Corn 5-8 c Up. and Oats
Unchanged.
9T. LOUIS CASH QUOTATIONS.
Wheat No. 2 red I'2’ 0113%
Corn 69%0 70
fats 43%0 44
CHICAGO, Jul) 8, With sharply lower
prices in tie Northwest and longs still
liquidating in Chicago, there were price
losses early of %c to %c. The buying
I" wer was absent, save those who. were
short and having profits. The Ohio July
report as wired by King makes the-Wheat
prospects 43. against 45 in June and 84 a
tears ago.
Corn was unchanged to %c and %c
lower ami longs selling freely. The Ohlc
July report makes the condition of corr
compared with an average of 77 per cent
against 89 a year ago.
Oats were %c to ',<■ lower with the
Ohio prospect 98. against 95 in June
Provisions were sharply lower on sei.'
ing by longs and the putting out of short
lines.
Wheat was weak and sharply lower to
(day on ecntlniKd fine weather arid gtfoS
crop prospects over both winter and spring
wheat belts. Ui al pt e«s showed losse'
tanging %>• on December to %e and '%.c
on Jul'. A good reaction from’ bottom
prices was caused by short covering anil
goed buying by strong houses.
Corn was weak on tme weather and va
rious good state crop reports.
fats were under pressure early, hut re
covered strength on shorts covering.
Provisions were weak early 'oh lohgs*
liquidating, but recovered later with- the
grain market.
CHICAGO GRAIN MARKET
"pen High Iw-w Clone Close.
Pre».
'VUEA I -
July 1.03% 1.03% 1.02% 1.03% 104%
Sep. 99% 99% 98'6 99% 99%
Dec. 1.00% 1 no% I on 100% 1.00%.
July 69% 70% 69 70% 69%.
Sep. 66% r-7% 66 67% 68%
Dec. 57% 58% 67% 58% 57%
May 58% .69% 57%, 59A*-' ....
-ATS
July 40% *2 40 41 % 40%
Sep. 36 .36% 35% .36 36
Dec. 37 .37% 38% 37% 37%
Mat 39% 33% 38% B><
I )■< lit Is •
IJuly 17.75 17.92% 17.85 170$ 1800
(Sep. 18.25 18.33% 17.85 18.30 18.40-
j ")■) 18.20 18.27% 17.93 18.27% 18.40
lai; it s ■ -
’July 10.35 in. 1712 10.32% 10.47% tf1.59
(Sept 16.65 10.70 10.45 10.65 tn. 85
li'ct. 10.65 10.75 10.50 10.70 tfl.TO
■ !IR.- > ■
i. lul) 10.17'4 10.35 10.12% 10.35 10.37%
Sept. 10.35 10.57% 10.27% 10.47% 1.0.40 '
Hat 10.35 10.45 10.27% 10 47% 10.40
CHICAGO CASH QUOTATIONS.
CHICAGO. July 8 Wheat—No. 2 red
1.030 106, No. 3 red 1.010104. No 2 hard
w inter 1.0'..® I 05%. No. ,3 hard winter 1 0C
01.04. No. I Northern spring 1090L13.
, No. 3 Northern spring 1.0401.10. No.' 3
spring 1.020 1.01.
| Corn No. 2 69%®70%. No. 2 white 74
07'%, No. 3 yellow 70070%. No 3 68%
®«l>%. No 3 White 730 73%. No. 3 yellow
(69%©69%. No. 4 641,065. No- 4 white 70
’070%. N<>. I yellow 65067.
fats—No. 2 white 46%®47%, No, 3
white <41,040. No. i white 42046. stand
ard 150 4'
CHICAGO CAR LISTS
hollowing are receipts for Monday and
' estimated receipts for Tuesday:
I Monday, i Tuesua'
lUh eat I tn I 17
('urn JOl ■ ‘24.3
(fats I 139 ' • 188
' H °g" 32000 I 17!060
LIVERPOOL GRAIN MARKET.
Wheat opened %d to -%d lower, at I:3*
|p. nt. was -%d to I%d lower. Closed -%<!
; lower for July and %d lower for Oeto
. be’ and December.
(Torn opened %d to %d lower: at 1 ;3f
!n. tn was %d to I%d lower. Closed id
i low er for Ju>< anil I<l lower for September.
-_4 '■»
VISIBLE CHANGES,
Following shows the weekly visible jup-
I ply change' In grain for the, week: .
Wheat, decreased 1.957.000 bushels. ■
Corn, decreased sc'.ono bushels...
i >ats. decreased fSn.OOO bushels. .
i
PRIMARY MOVEMENT.
j ' WHEAT— ~ 1912 ~I9H
Receipts ’ 386000 1.54900 T
Shipni ents .’ 514,000 997,000
: | ' ’ ; T.’
Receipt*.. 1 81fcOOO| 6367006
: Shlpnienis _ ; _j 48(1.000 3f3,00t
If you <ent a letter or telegram to the
wrong address, you would hardly exnect
an answer, would you? The sama is true
when you select the wrong medium to
have all vour wants filled Try the right
wa\ The Georgian Want Ad way
15